GTIRX Fees and Costs — Goldman Sachs Investment Grade Credit Fund, Investor Shares
Data updated: 2026-08-26
The net expense ratio is 0.46%: a 0.34% management fee plus 0.19% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $46K in broker commissions, 0.0069% of average net assets, and portfolio turnover was 37%.
GTIRX Fees and Expenses
Annual operating expenses and sales charges of GTIRX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.46% |
| 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 |
GTIRX Costs Over Time
On $10,000 invested in GTIRX, assuming 5% a year before costs, total costs come to $295 over 5 years, cutting the return by 0.49% 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 0.46%) | $48 | $152 | $264 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $161 | $295 |
| Value after costs | $10,451 | $11,415 | $12,468 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
GTIRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0069%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $4.0B
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
GTIRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $44K | 94.66% |
| Morgan Stanley & Co. LLC | $876 | 1.90% |
| J.P. Morgan Securities PLC | $753 | 1.63% |
| Barclays Bank PLC | $353 | 0.76% |
| BofA Securities, Inc. | $201 | 0.44% |
| Merrill Lynch International | $84 | 0.18% |
| Jane Street Execution Services, LLC | $68 | 0.15% |
| Barclays Capital Inc. | $49 | 0.11% |
| Deutsche Bank Aktiengesellschaft | $47 | 0.10% |
| Citadel Securities LLC | $34 | 0.07% |
GTIRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. International PLC | $1.2B | 33.19% |
| Barclays Bank PLC | $1.1B | 31.81% |
| JPMorgan Chase Bank, National Association | $287.2M | 8.10% |
| Wells Fargo Bank, National Association | $229.8M | 6.48% |
| J.P. Morgan Securities LLC | $157.6M | 4.44% |
| Citibank, National Association | $124.8M | 3.52% |
| Bank of America, National Association | $114.3M | 3.22% |
| BofA Securities, Inc. | $110.6M | 3.12% |
| Deutsche Bank Aktiengesellschaft | $109.9M | 3.10% |
| BNP Paribas | $106.6M | 3.01% |
Goldman Sachs Investment Grade Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGBPX | Class P | 0.37% | — |
| GSCPX | Institutional Shares | 0.37% | none |
| GTIUX | Class R6 | 0.37% | none |
| GSGDX | Institutional Shares | 0.38% | none |
| GTIRX | Investor Shares | 0.46% | none |
| GSGAX | Class A | 0.71% | 3.75% |
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.