GTMAX Fees and Costs — Goldman Sachs Target Date 2050 Portfolio, Investor Shares
Data updated: 2023-01-25
The net expense ratio is 0.42% (3.59% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $599 in broker commissions, 0.0066% of average net assets, and portfolio turnover was 16%.
GTMAX Fees and Expenses
Annual operating expenses and sales charges of GTMAX. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.16% |
| Gross expense ratio | 3.59% |
| Fee waiver | −3.17% |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
GTMAX Costs Over Time
On $10,000 invested in GTMAX, assuming 5% a year before costs, total costs come to $270 over 5 years, cutting the return by 0.45% 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 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $148 | $270 |
| Value after costs | $10,455 | $11,429 | $12,493 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
GTMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0066%
- Total broker commissions: $599
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
GTMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $281 | 46.82% |
| Jane Street Execution Services, LLC | $118 | 19.75% |
| Citigroup Global Markets Inc. | $107 | 17.80% |
| BofA Securities, Inc. | $44 | 7.32% |
| J.P. Morgan Securities LLC | $22 | 3.61% |
| UBS Securities LLC | $11 | 1.89% |
| Credit Suisse Securities (Europe) Limited | $5 | 0.90% |
| UBS AG | $5 | 0.80% |
| Susquehanna Financial Group, LLLP | $4 | 0.71% |
| Barclays Capital Inc. | $2 | 0.40% |
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.