GSQPX Fees and Costs — Goldman Sachs Strategic Factor Allocation Fund, Class P
Data updated: 2026-07-22
The net expense ratio is 0.81% (0.87% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.9M in broker commissions, 0.0826% of average net assets, and portfolio turnover was 0%.
GSQPX Fees and Expenses
Annual operating expenses and sales charges of GSQPX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GSQPX Costs Over Time
On $10,000 invested in GSQPX, assuming 5% a year before costs, total costs come to $560 over 5 years, cutting the return by 0.94% 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 0.81%) | $85 | $266 | $461 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $94 | $307 | $560 |
| Value after costs | $10,406 | $11,269 | $12,203 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
GSQPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0826%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): $4.1B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
GSQPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $631K | 33.07% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $421K | 22.09% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $234K | 12.28% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $227K | 11.88% |
| BARCLAYS CAPITAL, INC. | $183K | 9.60% |
| UBS AG | $73K | 3.84% |
| BARCLAYS BANK PLC | $55K | 2.89% |
| BOFA SECURITIES, INC. | $43K | 2.25% |
| J.P. MORGAN SECURITIES PLC | $29K | 1.54% |
| JPMorgan Chase Bank, National Association | $10K | 0.55% |
GSQPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.6B | 38.73% |
| BMO NESBITT BURNS INC. | $755.0M | 18.52% |
| BOFA SECURITIES, INC. | $561.2M | 13.77% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $375.0M | 9.20% |
| BARCLAYS CAPITAL, INC. | $345.6M | 8.48% |
| CitiGroup Global Markets Inc. | $257.5M | 6.32% |
| J.P. Morgan Securities LLC | $203.4M | 4.99% |
Goldman Sachs Strategic Factor Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GSQPX | Class P | 0.81% | — |
| SFAFX | Institutional Shares | 0.82% | — |
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.