GSIRX Fees and Costs — Goldman Sachs Emerging Markets Debt Fund, Investor Shares
Data updated: 2026-08-26
The net expense ratio is 0.87%: a 0.80% management fee plus 0.30% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $23K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 51%.
GSIRX Fees and Expenses
Annual operating expenses and sales charges of GSIRX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.87% |
| 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 |
GSIRX Costs Over Time
On $10,000 invested in GSIRX, assuming 5% a year before costs, total costs come to $549 over 5 years, cutting the return by 0.92% 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 0.87%) | $91 | $285 | $496 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $301 | $549 |
| Value after costs | $10,408 | $11,275 | $12,214 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
GSIRX 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): 0.0050%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
GSIRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $23K | 99.05% |
| J.P. Morgan Securities PLC | $102 | 0.44% |
| Merrill Lynch International | $74 | 0.32% |
| Barclays Capital Inc. | $44 | 0.19% |
GSIRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. International PLC | $815.1M | 47.43% |
| BNP Paribas | $171.0M | 9.95% |
| Merrill Lynch International | $142.9M | 8.32% |
| JPMorgan Chase Bank, National Association | $133.1M | 7.74% |
| Citibank, National Association | $119.7M | 6.96% |
| Deutsche Bank Aktiengesellschaft | $112.2M | 6.53% |
| Barclays Bank PLC | $79.3M | 4.61% |
| Standard Chartered Bank | $58.9M | 3.43% |
| Societe Generale | $48.2M | 2.80% |
| HSBC Bank PLC | $38.2M | 2.22% |
Goldman Sachs Emerging Markets Debt Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GAIPX | Class P | 0.82% | — |
| GSIUX | Class R6 | 0.82% | none |
| GSDIX | Institutional Shares | 0.83% | none |
| GSIRX | Investor Shares | 0.87% | none |
| GSDAX | Class A | 1.12% | 4.50% |
| GSCDX | Class C | 1.87% | 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.