GSCNX Fees and Costs — Goldman Sachs Income Fund, Class R
Data updated: 2026-08-26
The net expense ratio is 1.22%: a 0.55% management fee, a 0.50% 12b-1 fee plus 0.51% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0089% of average net assets, and portfolio turnover was 427%.
GSCNX Fees and Expenses
Annual operating expenses and sales charges of GSCNX. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.56% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.22% |
| 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 |
GSCNX Costs Over Time
On $10,000 invested in GSCNX, assuming 5% a year before costs, total costs come to $765 over 5 years, cutting the return by 1.29% 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 1.22%) | $128 | $399 | $690 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $422 | $765 |
| Value after costs | $10,371 | $11,155 | $11,998 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
GSCNX 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): 0.0089%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 427%
- Securities lending: none during the year
GSCNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $13K | 96.04% |
| J.P. Morgan Securities PLC | $280 | 2.08% |
| Morgan Stanley & Co. LLC | $98 | 0.73% |
| Canaccord Genuity LLC | $56 | 0.41% |
| Cowen and Company, LLC | $29 | 0.22% |
| Liquidnet, Inc. | $28 | 0.21% |
| Bernstein Institutional Services LLC | $21 | 0.15% |
| Barclays Capital Inc. | $15 | 0.11% |
| Citadel Securities LLC | $6 | 0.04% |
GSCNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $219.5M | 21.59% |
| Morgan Stanley & Co. International PLC | $212.1M | 20.86% |
| BofA Securities, Inc. | $186.8M | 18.38% |
| Barclays Capital Inc. | $176.1M | 17.33% |
| J.P. Morgan Securities LLC | $129.7M | 12.76% |
| Citigroup Global Markets Inc. | $47.0M | 4.62% |
| Wells Fargo Securities, LLC | $17.8M | 1.75% |
| Barclays Bank PLC | $13.2M | 1.30% |
| Deutsche Bank Aktiengesellschaft | $7.6M | 0.75% |
| Bank of America, National Association | $6.8M | 0.67% |
Goldman Sachs Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GSCRX | Class R6 | 0.55% | none |
| GSCUX | Class P | 0.55% | — |
| GSNCX | Institutional Shares | 0.56% | none |
| GSCHX | Class A | 0.64% | 3.75% |
| GSCJX | Class C | 0.64% | none |
| GSCMX | Investor Shares | 0.64% | none |
| GSCNX | Class R | 1.22% | 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.