GSOSX Fees and Costs — Goldman Sachs Government Income Fund, Service Shares
Data updated: 2026-02-23
The net expense ratio is 1.00%: a 0.53% management fee, a 0.25% 12b-1 fee plus 0.69% other expenses, less a 0.47% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0076% of average net assets, and portfolio turnover was 830%.
GSOSX Fees and Expenses
Annual operating expenses and sales charges of GSOSX. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.00% |
| 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 |
GSOSX Costs Over Time
On $10,000 invested in GSOSX, assuming 5% a year before costs, total costs come to $630 over 5 years, cutting the return by 1.06% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $346 | $630 |
| Value after costs | $10,394 | $11,230 | $12,133 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
GSOSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0076%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 830%
- Securities lending: none during the year
GSOSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $8K | 84.83% |
| J.P. Morgan Securities PLC | $530 | 5.74% |
| Morgan Stanley & Co. LLC | $450 | 4.87% |
| Barclays Bank PLC | $220 | 2.38% |
| BofA Securities, Inc. | $202 | 2.19% |
GSOSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas | $488.7M | 20.90% |
| Morgan Stanley & Co. International PLC | $388.0M | 16.59% |
| BofA Securities, Inc. | $287.9M | 12.31% |
| Morgan Stanley & Co. LLC | $243.0M | 10.39% |
| J.P. Morgan Securities LLC | $223.4M | 9.55% |
| Citigroup Global Markets Inc. | $220.7M | 9.44% |
| Barclays Capital Inc. | $215.8M | 9.23% |
| JPMorgan Chase Bank, National Association | $145.5M | 6.22% |
| Barclays Bank PLC | $95.1M | 4.07% |
| Citibank, National Association | $30.5M | 1.31% |
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.