GSC Fees and Costs — Goldman Sachs Small Cap Equity ETF
Data updated: 2026-07-24
The net expense ratio is 0.75% (0.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $39K in broker commissions, 0.0298% of average net assets, and portfolio turnover was 57%.
GSC Fees and Expenses
Annual operating expenses and sales charges of GSC. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GSC Costs Over Time
On $10,000 invested in GSC, assuming 5% a year before costs, total costs come to $490 over 5 years, cutting the return by 0.82% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $490 |
| Value after costs | $10,418 | $11,308 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
GSC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0298%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $503K
- Net income from securities lending: $9K (0.007% of average net assets)
GSC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EVERCORE GROUP LLC | $12K | 34.85% |
| CITIGROUP GLOBAL MARKETS INC. | $6K | 17.48% |
| J.P. Morgan Securities LLC | $4K | 10.15% |
| BTIG, LLC | $3K | 7.97% |
| CANTOR FITZGERALD & CO. | $2K | 6.63% |
| Truist Securities, Inc. | $2K | 5.45% |
| JEFFERIES LLC | $2K | 5.28% |
| BOFA SECURITIES, INC. | $2K | 5.09% |
| RBC CAPITAL MARKETS, LLC | $1K | 3.74% |
| MORGAN STANLEY & CO. LLC | $1K | 3.36% |
GSC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.3M | 48.00% |
| J.P. Morgan Securities LLC | $837K | 29.99% |
| CitiGroup Global Markets Inc. | $376K | 13.48% |
| PIPER SANDLER & CO. | $121K | 4.34% |
| JEFFERIES LLC | $117K | 4.20% |
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.