GSHRX Fees and Costs — Goldman Sachs High Yield Fund, Class R
Data updated: 2026-08-26
The net expense ratio is 1.24%: a 0.69% management fee, a 0.50% 12b-1 fee plus 0.16% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $69K in broker commissions, 0.0031% of average net assets, and portfolio turnover was 69%.
GSHRX Fees and Expenses
Annual operating expenses and sales charges of GSHRX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.24% |
| 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 |
GSHRX Costs Over Time
On $10,000 invested in GSHRX, assuming 5% a year before costs, total costs come to $774 over 5 years, cutting the return by 1.31% 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 1.24%) | $130 | $405 | $701 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $426 | $774 |
| Value after costs | $10,369 | $11,150 | $11,989 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
GSHRX 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): 0.0031%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $8.4B
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $71.2M
- Net income from securities lending: $928K (0.041% of average net assets)
GSHRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $60K | 87.23% |
| Cowen and Company, LLC | $2K | 3.52% |
| Virtu Americas LLC | $2K | 2.73% |
| Citadel Securities LLC | $2K | 2.30% |
| Canaccord Genuity LLC | $830 | 1.21% |
| Jane Street Execution Services, LLC | $495 | 0.72% |
| J.P. Morgan Securities PLC | $479 | 0.70% |
| Liquidnet, Inc. | $453 | 0.66% |
| Bernstein Institutional Services LLC | $350 | 0.51% |
| Deutsche Bank Aktiengesellschaft | $284 | 0.42% |
GSHRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.5B | 34.03% |
| Wells Fargo Securities, LLC | $2.1B | 27.79% |
| BofA Securities, Inc. | $477.9M | 6.44% |
| Citigroup Global Markets Inc. | $476.2M | 6.42% |
| Barclays Capital Inc. | $421.6M | 5.68% |
| Morgan Stanley & Co. International PLC | $381.3M | 5.14% |
| MarketAxess Corporation | $368.3M | 4.96% |
| Morgan Stanley & Co. LLC | $355.7M | 4.79% |
| RBC Capital Markets, LLC | $192.0M | 2.59% |
| TD Securities (USA) LLC | $161.0M | 2.17% |
Goldman Sachs High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGMPX | Class P | 0.68% | — |
| GSHUX | Class R6 | 0.68% | none |
| GSHIX | Institutional Shares | 0.69% | none |
| GSHTX | Investor Shares | 0.74% | none |
| GSHAX | Class A | 0.99% | 4.50% |
| GSHSX | Service Shares | 1.19% | none |
| GSHRX | Class R | 1.24% | none |
| GSHCX | Class C | 1.74% | 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.