GSIYX Fees and Costs — Goldman Sachs GQG Partners International Opportunities Fund, Class R6
Data updated: 2026-09-22
The net expense ratio is 0.76%: a 0.71% management fee plus 0.07% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31.8M in broker commissions, 0.0629% of average net assets, and portfolio turnover was 68%.
GSIYX Fees and Expenses
Annual operating expenses and sales charges of GSIYX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.76% |
| 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 |
GSIYX Costs Over Time
On $10,000 invested in GSIYX, assuming 5% a year before costs, total costs come to $517 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 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $283 | $517 |
| Value after costs | $10,414 | $11,293 | $12,246 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
GSIYX 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): 0.0629%
- Total broker commissions: $31.8M
- Bought from dealers (principal trades, not a cost): $411.5M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $285.4M
- Net income from securities lending: $11.1M (0.022% of average net assets)
GSIYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5.1M | 18.22% |
| UBS Securities LLC | $5.1M | 18.20% |
| Morgan Stanley & Co. LLC | $4.5M | 15.95% |
| Jefferies LLC | $4.2M | 15.03% |
| Citigroup Global Markets Inc. | $3.5M | 12.35% |
| CACEIS Bank Deutschland GmbH | $1.7M | 6.19% |
| Macquarie Capital (USA) Inc. | $1.1M | 3.95% |
| Barclays Capital Inc. | $1.0M | 3.65% |
| BNP Paribas Securities Corp. | $951K | 3.37% |
| BNY Capital Markets, LLC | $872K | 3.09% |
GSIYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $411.5M | 100.00% |
Goldman Sachs GQG Partners International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGIPX | Class P | 0.76% | — |
| GSIYX | Class R6 | 0.76% | none |
| GSIMX | Institutional Shares | 0.78% | none |
| GSINX | Investor Shares | 0.89% | none |
| GSIHX | Class A | 1.14% | 5.50% |
| GSIQX | Class R | 1.39% | none |
| GSILX | Class C | 1.89% | 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.