GTSCX Fees and Costs — Small Cap Equity Portfolio, Institutional Shares
Data updated: 2026-09-14
The net expense ratio is 0.72%: a 0.55% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $693K in broker commissions, 0.0596% of average net assets, and portfolio turnover was 27%.
GTSCX Fees and Expenses
Annual operating expenses and sales charges of GTSCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GTSCX Costs Over Time
On $10,000 invested in GTSCX, assuming 5% a year before costs, total costs come to $490 over 5 years, cutting the return by 0.82% 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 0.72%) | $76 | $236 | $411 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $490 |
| Value after costs | $10,418 | $11,308 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
GTSCX 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): 0.0596%
- Total broker commissions: $693K
- Bought from dealers (principal trades, not a cost): $3.4B
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $63.2M
- Net income from securities lending: $48K (0.004% of average net assets)
GTSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $98K | 17.89% |
| KeyBanc Capital Markets Inc. | $93K | 17.00% |
| Goldman Sachs & Co. LLC | $72K | 13.11% |
| SG Americas Securities, LLC | $58K | 10.48% |
| J.P. Morgan Securities LLC | $49K | 9.00% |
| Barclays Capital Inc. | $45K | 8.15% |
| RBC Capital Markets, LLC | $42K | 7.57% |
| Stuart Frankel & Co., Incorporated | $34K | 6.14% |
| Evercore Group L.L.C. | $29K | 5.33% |
| Citigroup Global Markets Inc. | $29K | 5.32% |
GTSCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.4B | 100.00% |
Small Cap Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GTSCX | Institutional Shares | 0.72% | — |
| GTCSX | Advisor Shares | 0.92% | — |
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.