GTSOX Fees and Costs — Secured Options Portfolio, Advisor Shares
Data updated: 2026-09-14
The net expense ratio is 0.86%: a 0.55% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $87K in broker commissions, 0.0160% of average net assets, and portfolio turnover was 1010%.
GTSOX Fees and Expenses
Annual operating expenses and sales charges of GTSOX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.31% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
GTSOX Costs Over Time
On $10,000 invested in GTSOX, assuming 5% a year before costs, total costs come to $549 over 5 years, cutting the return by 0.92% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $549 |
| Value after costs | $10,408 | $11,275 | $12,214 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
GTSOX 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): 0.0160%
- Total broker commissions: $87K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 1010%
- Securities lending: none during the year
GTSOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $87K | 100.00% |
GTSOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $801.5M | 67.17% |
| Morgan Stanley & Co. LLC | $129.8M | 10.87% |
| Goldman Sachs & Co. LLC | $106.9M | 8.96% |
| RBC Capital Markets, LLC | $83.4M | 6.99% |
| Citigroup Global Markets Inc. | $71.8M | 6.02% |
Secured Options Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GLSOX | Institutional Shares | 0.66% | — |
| GTSOX | Advisor Shares | 0.86% | — |
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.