GSEQX Fees and Costs — Goldman Sachs Multi-Manager Global Equity Fund, Class R6
Data updated: 2026-09-22
The net expense ratio is 0.77% (1.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $761K in broker commissions, 0.0479% of average net assets, and portfolio turnover was 86%.
GSEQX Fees and Expenses
Annual operating expenses and sales charges of GSEQX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.03% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.47% |
| Net expense ratio | 0.77% |
| 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 |
GSEQX Costs Over Time
On $10,000 invested in GSEQX, assuming 5% a year before costs, total costs come to $513 over 5 years, cutting the return by 0.86% 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 0.77%) | $81 | $253 | $439 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $513 |
| Value after costs | $10,414 | $11,295 | $12,249 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
GSEQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0479%
- Total broker commissions: $761K
- Bought from dealers (principal trades, not a cost): $272K
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
GSEQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $74K | 14.74% |
| UBS Securities LLC | $67K | 13.28% |
| J.P. Morgan Securities LLC | $60K | 11.92% |
| Morgan Stanley & Co. LLC | $59K | 11.77% |
| Jefferies LLC | $56K | 11.14% |
| Piper Sandler & Co. | $45K | 9.06% |
| Citigroup Global Markets Inc. | $42K | 8.32% |
| TD Securities (USA) LLC | $40K | 8.02% |
| Nomura Securities International, Inc. | $37K | 7.46% |
| Macquarie Capital (USA) Inc. | $21K | 4.28% |
GSEQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $132K | 48.61% |
| BNP Paribas Securities Corp. | $89K | 32.80% |
| Wedbush Securities Inc. | $51K | 18.58% |
| UBS Securities LLC | $4 | 0.00% |
| SG Americas Securities, LLC | $2 | 0.00% |
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.