GSCZX Fees and Costs — Small Cap Equity Fund, Investor Class
Data updated: 2026-09-18
The net expense ratio is 1.15%: a 0.78% management fee plus 0.36% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $666K in broker commissions, 0.0786% of average net assets, and portfolio turnover was 88%.
GSCZX Fees and Expenses
Annual operating expenses and sales charges of GSCZX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | — |
| Other expenses | 0.36% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GSCZX Costs Over Time
On $10,000 invested in GSCZX, 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $8 | $26 | $44 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $421 | $765 |
| Value after costs | $10,371 | $11,155 | $11,998 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
GSCZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0786%
- Total broker commissions: $666K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $154.3M
- Net income from securities lending: $352K (0.042% of average net assets)
GSCZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $40K | 14.12% |
| INVESTMENT TECHNOLOGY GROUP | $39K | 13.82% |
| GOLDMAN SACHS & CO. LLC | $32K | 11.42% |
| JEFFERIES LLC | $27K | 9.53% |
| NATIONAL FINANCIAL SERVICES LLC | $27K | 9.48% |
| RAYMOND JAMES AND ASSOCIATES, INC. | $26K | 9.34% |
| J.P. MORGAN SECURITIES LLC | $25K | 8.98% |
| ROBERT W. BAIRD & CO. INCORPORATED | $24K | 8.58% |
| PIPER SANDLER & CO. | $21K | 7.53% |
| UBS SECURITIES LLC | $20K | 7.19% |
GSCZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GUIDESTONE MONEY MARKET FUND | $1.1B | 58.07% |
| VIRTU ITG LLC | $301.3M | 16.45% |
| NATIONAL FINANCIAL SERVICES LLC | $154.5M | 8.44% |
| TD SECURITIES (USA) LLC | $65.7M | 3.59% |
| J.P. MORGAN SECURITIES LLC | $49.2M | 2.69% |
| UBS SECURITIES LLC | $41.9M | 2.29% |
| GOLDMAN SACHS & CO. LLC | $41.1M | 2.24% |
| RAYMOND JAMES AND ASSOCIATES, INC. | $39.6M | 2.16% |
| PIPER SANDLER & CO. | $38.3M | 2.09% |
| RBC CAPITAL MARKETS, LLC | $36.4M | 1.98% |
Small Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GSCYX | Institutional Class | 0.87% | — |
| GSCZX | Investor Class | 1.15% | — |
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.