GSFSX Fees and Costs — Goldman Sachs Short Duration Tax-Free Fund, Service Class
Data updated: 2026-08-26
The net expense ratio is 0.89%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 39%.
GSFSX Fees and Expenses
Annual operating expenses and sales charges of GSFSX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.89% |
| 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 |
GSFSX Costs Over Time
On $10,000 invested in GSFSX, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.93% 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 0.89%) | $93 | $292 | $507 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $558 |
| Value after costs | $10,407 | $11,270 | $12,205 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
GSFSX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
GSFSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $819.3M | 33.55% |
| WELLS FARGO SECURITIES, LLC | $392.5M | 16.08% |
| BOFA SECURITIES, INC. | $214.0M | 8.76% |
| MORGAN STANLEY & CO. LLC | $190.1M | 7.78% |
| BARCLAYS CAPITAL, INC. | $187.1M | 7.66% |
| RBC CAPITAL MARKETS, LLC | $186.7M | 7.65% |
| JEFFERIES LLC | $156.6M | 6.41% |
| Stifel, Nicolaus & Company, Incorporated | $134.0M | 5.49% |
| PIPER SANDLER & CO. | $88.7M | 3.63% |
| B. C. ZIEGLER AND COMPANY | $72.9M | 2.99% |
Goldman Sachs Short Duration Tax-Free Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GANPX | Class P | 0.38% | — |
| GDUSX | Class R6 | 0.38% | none |
| GSDUX | Institutional Class | 0.39% | none |
| GDIRX | Investor Shares | 0.41% | none |
| GSDTX | Class A | 0.66% | 1.50% |
| GSFSX | Service Class | 0.89% | none |
| GSTCX | Class C | 1.06% | 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.