ICSXX Fees and Costs — Goldman Sachs Investor Tax-Exempt California Money Market Fund, Service Shares
Data updated: 2026-03-27
The net expense ratio is 0.68%: a 0.16% management fee, a 0.25% 12b-1 fee plus 3.12% other expenses, less a 2.85% fee waiver. There are no sales loads or redemption fees.
ICSXX Fees and Expenses
Annual operating expenses and sales charges of ICSXX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.12% |
| Gross expense ratio | 3.53% |
| Fee waiver | −2.85% |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ICSXX Costs Over Time
On $10,000 invested in ICSXX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
ICSXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $151.9M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
ICSXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $33.9M | 23.54% |
| J.P. Morgan Securities LLC | $26.5M | 18.43% |
| BOFA SECURITIES, INC. | $19.8M | 13.76% |
| WELLS FARGO SECURITIES, LLC | $17.3M | 12.04% |
| MORGAN STANLEY & CO. LLC | $12.4M | 8.63% |
| RBC CAPITAL MARKETS, LLC | $10.9M | 7.55% |
| CitiGroup Global Markets Inc. | $7.9M | 5.48% |
| BMO NESBITT BURNS INC. | $6.8M | 4.73% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $4.6M | 3.20% |
| U.S. BANCORP INVESTMENTS, INC. | $3.8M | 2.63% |
Goldman Sachs Investor Tax-Exempt California Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ICIXX | Class I | 0.18% | none |
| ICPXX | Preferred Shares | 0.28% | none |
| ICBXX | Administration Shares | 0.43% | none |
| INCXX | Class A | 0.43% | none |
| ICSXX | Service Shares | 0.68% | none |
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.