GSEW Fees and Costs — Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
Data updated: 2026-07-24
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $72K in broker commissions, 0.0066% of average net assets, and portfolio turnover was 46%.
GSEW Fees and Expenses
Annual operating expenses and sales charges of GSEW. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
GSEW Costs Over Time
On $10,000 invested in GSEW, assuming 5% a year before costs, total costs come to $62 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $34 | $62 |
| Value after costs | $10,490 | $11,543 | $12,701 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
GSEW 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): 0.0066%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $203
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $3.0M
- Net income from securities lending: $763K (0.069% of average net assets)
GSEW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $36K | 49.72% |
| MORGAN STANLEY & CO. LLC | $15K | 20.49% |
| INSTINET, LLC | $11K | 15.66% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $7K | 9.95% |
| Cowen and Company, LLC | $2K | 2.66% |
| BARCLAYS CAPITAL, INC. | $1K | 1.53% |
GSEW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $123 | 60.53% |
| BARCLAYS CAPITAL, INC. | $80 | 39.47% |
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.