GUMI Fees and Costs — Goldman Sachs Ultra Short Municipal Income ETF
Data updated: 2026-07-24
The net expense ratio is 0.16%. There are no sales loads or redemption fees. Portfolio turnover was 145%.
GUMI Fees and Expenses
Annual operating expenses and sales charges of GUMI. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.16% |
| Fee waiver | — |
| Net expense ratio | 0.16% |
| 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 |
GUMI Costs Over Time
On $10,000 invested in GUMI, assuming 5% a year before costs, total costs come to $102 over 5 years, cutting the return by 0.17% 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 0.16%) | $17 | $53 | $93 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $55 | $102 |
| Value after costs | $10,483 | $11,521 | $12,661 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
GUMI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $51.3M
- Portfolio turnover (prospectus): 145%
- Securities lending: none during the year
GUMI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $18.8M | 37.60% |
| BOFA SECURITIES, INC. | $5.3M | 10.57% |
| TD SECURITIES AUTOMATED TRADING LLC | $5.2M | 10.42% |
| WELLS FARGO SECURITIES, LLC | $5.1M | 10.21% |
| MORGAN STANLEY & CO. LLC | $4.9M | 9.74% |
| BARCLAYS CAPITAL, INC. | $4.1M | 8.19% |
| RBC CAPITAL MARKETS, LLC | $2.7M | 5.48% |
| U.S. BANCORP INVESTMENTS, INC. | $1.7M | 3.31% |
| DEUTSCHE BANK SECURITIES, INC. | $1.2M | 2.36% |
| TD SECURITIES (USA) LLC | $1.1M | 2.12% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.