GSSC Fees and Costs — Goldman Sachs ActiveBeta(R) U.S. Small Cap Equity ETF
Data updated: 2026-07-24
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $125K in broker commissions, 0.0231% of average net assets, and portfolio turnover was 30%.
GSSC Fees and Expenses
Annual operating expenses and sales charges of GSSC. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
GSSC Costs Over Time
On $10,000 invested in GSSC, assuming 5% a year before costs, total costs come to $142 over 5 years, cutting the return by 0.23% 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 0.20%) | $21 | $66 | $115 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $77 | $142 |
| Value after costs | $10,477 | $11,499 | $12,621 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
GSSC 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): 0.0231%
- Total broker commissions: $125K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $5.4M
- Net income from securities lending: $180K (0.033% of average net assets)
GSSC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $92K | 73.42% |
| MORGAN STANLEY & CO. LLC | $12K | 9.32% |
| INSTINET, LLC | $10K | 8.13% |
| Cowen and Company, LLC | $10K | 8.08% |
| J.P. MORGAN SECURITIES LLC | $857 | 0.69% |
| EVERCORE GROUP LLC | $271 | 0.22% |
| BOFA SECURITIES, INC. | $95 | 0.08% |
| CITIGROUP GLOBAL MARKETS INC. | $40 | 0.03% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $36 | 0.03% |
| CITADEL SECURITIES LLC | $1 | 0.00% |
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.