GSTOX Fees and Costs — Goldman Sachs Small Cap Growth Insights Fund, Investor Shares
Data updated: 2026-09-24
The net expense ratio is 0.95%: a 0.80% management fee plus 0.34% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $25K in broker commissions, 0.0172% of average net assets, and portfolio turnover was 167%.
GSTOX Fees and Expenses
Annual operating expenses and sales charges of GSTOX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.95% |
| 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 |
GSTOX Costs Over Time
On $10,000 invested in GSTOX, assuming 5% a year before costs, total costs come to $605 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $102 | $333 | $605 |
| Value after costs | $10,398 | $11,244 | $12,157 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
GSTOX 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): 0.0172%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 167%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $36K (0.025% of average net assets)
GSTOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $4K | 18.63% |
| J.P. MORGAN SECURITIES LLC | $4K | 14.90% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 13.66% |
| JEFFERIES LLC | $3K | 12.95% |
| BOFA SECURITIES, INC. | $3K | 11.15% |
| VIRTU AMERICAS LLC | $2K | 9.09% |
| NATIONAL FINANCIAL SERVICES LLC | $2K | 8.93% |
| UBS Securities LLC | $2K | 6.86% |
| BARCLAYS CAPITAL, INC. | $681 | 2.82% |
| BARCLAYS BANK PLC | $246 | 1.02% |
Goldman Sachs Small Cap Growth Insights Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GINUX | Class R6 | 0.83% | none |
| GSZPX | Class P | 0.83% | — |
| GSIOX | Institutional Class | 0.84% | none |
| GSTOX | Investor Shares | 0.95% | none |
| GSAOX | Class A | 1.20% | 5.50% |
| GSROX | Class R | 1.45% | none |
| GSCOX | Class C | 1.95% | 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.