GSVRX Fees and Costs — Goldman Sachs Large Cap Value Fund, Class R
Data updated: 2026-07-24
The net expense ratio is 1.25%: a 0.75% management fee, a 0.50% 12b-1 fee plus 0.24% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $170K in broker commissions, 0.0384% of average net assets, and portfolio turnover was 74%.
GSVRX Fees and Expenses
Annual operating expenses and sales charges of GSVRX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.49% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.25% |
| 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 |
GSVRX Costs Over Time
On $10,000 invested in GSVRX, assuming 5% a year before costs, total costs come to $801 over 5 years, cutting the return by 1.35% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $442 | $801 |
| Value after costs | $10,365 | $11,135 | $11,962 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
GSVRX 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): 0.0384%
- Total broker commissions: $170K
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
GSVRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $44K | 26.92% |
| MORGAN STANLEY & CO. LLC | $28K | 17.16% |
| JEFFERIES LLC | $27K | 16.26% |
| CITIGROUP GLOBAL MARKETS INC. | $23K | 14.29% |
| BOFA SECURITIES, INC. | $12K | 7.56% |
| WELLS FARGO SECURITIES, LLC | $10K | 5.90% |
| UBS Securities LLC | $10K | 5.86% |
| BARCLAYS CAPITAL, INC. | $5K | 3.10% |
| EVERCORE GROUP L.L.C. | $3K | 1.76% |
| Robert W. Baird & Co. Incorporated | $2K | 1.19% |
GSVRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.2M | 100.00% |
Goldman Sachs Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GMYPX | Class P | 0.69% | — |
| GSVUX | Class R6 | 0.69% | none |
| GSLIX | Institutional Class | 0.70% | none |
| GSVTX | Investor Shares | 0.75% | none |
| GSLAX | Class A | 1.00% | 5.50% |
| GSVSX | Service Class | 1.20% | none |
| GSVRX | Class R | 1.25% | none |
| GSVCX | Class C | 1.75% | 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.