GSAYX Fees and Costs — Goldman Sachs Short Duration High Yield Fund, Investor Shares
Data updated: 2026-08-26
The net expense ratio is 0.70%: a 0.55% management fee plus 1.15% other expenses, less a 1.00% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0054% of average net assets, and portfolio turnover was 54%.
GSAYX Fees and Expenses
Annual operating expenses and sales charges of GSAYX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.15% |
| Gross expense ratio | 1.70% |
| Fee waiver | −1.00% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GSAYX Costs Over Time
On $10,000 invested in GSAYX, assuming 5% a year before costs, total costs come to $444 over 5 years, cutting the return by 0.74% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $243 | $444 |
| Value after costs | $10,426 | $11,333 | $12,319 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
GSAYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0054%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $40.3M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
GSAYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $2K | 99.53% |
| Cowen and Company, LLC | $7 | 0.37% |
| Liquidnet, Inc. | $2 | 0.10% |
GSAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $7.4M | 21.23% |
| Jefferies LLC | $7.0M | 20.07% |
| J.P. Morgan Securities LLC | $6.3M | 18.17% |
| Morgan Stanley & Co. LLC | $4.1M | 11.70% |
| BofA Securities, Inc. | $4.1M | 11.60% |
| Barclays Capital Inc. | $1.9M | 5.47% |
| Stifel, Nicolaus & Company, Incorporated | $1.4M | 4.05% |
| Wells Fargo Securities, LLC | $1.2M | 3.56% |
| JPMorgan Chase Bank, National Association | $764K | 2.19% |
| RBC Capital Markets, LLC | $681K | 1.95% |
Goldman Sachs Short Duration High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMUPX | Class P | 0.61% | — |
| GSSAX | Class R6 | 0.61% | none |
| GSAWX | Institutional Shares | 0.62% | none |
| GSAYX | Investor Shares | 0.70% | none |
| GSAUX | Class A | 0.95% | 2.25% |
| GSAVX | Class C | 1.70% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.