GSZPX Fees and Costs — Goldman Sachs Small Cap Growth Insights Fund, Class P
Data updated: 2026-09-24
The net expense ratio is 0.83%: a 0.80% management fee plus 0.22% 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%.
GSZPX Fees and Expenses
Annual operating expenses and sales charges of GSZPX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.83% |
| 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 |
GSZPX Costs Over Time
On $10,000 invested in GSZPX, assuming 5% a year before costs, total costs come to $532 over 5 years, cutting the return by 0.89% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $292 | $532 |
| Value after costs | $10,411 | $11,285 | $12,231 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
GSZPX 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)
GSZPX 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.