SVPBX Fees and Costs — Goldman Sachs Strategic Volatility Premium Fund, Class P
Data updated: 2026-07-22
The net expense ratio is 0.50% (0.77% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $385K in broker commissions, 0.0803% of average net assets, and portfolio turnover was 0%.
SVPBX Fees and Expenses
Annual operating expenses and sales charges of SVPBX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
SVPBX Costs Over Time
On $10,000 invested in SVPBX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $8 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
SVPBX 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): 0.0803%
- Total broker commissions: $385K
- Bought from dealers (principal trades, not a cost): $966.8M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
SVPBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $125K | 32.74% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $87K | 22.93% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $48K | 12.52% |
| BARCLAYS CAPITAL, INC. | $41K | 10.73% |
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $40K | 10.55% |
| UBS AG | $14K | 3.78% |
| BARCLAYS BANK PLC | $12K | 3.12% |
| J.P. MORGAN SECURITIES PLC | $6K | 1.65% |
| BOFA SECURITIES, INC. | $5K | 1.40% |
| RBC CAPITAL MARKETS, LLC | $2K | 0.58% |
SVPBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO NESBITT BURNS INC. | $314.5M | 32.53% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $176.6M | 18.26% |
| MORGAN STANLEY & CO. LLC | $166.3M | 17.21% |
| CitiGroup Global Markets Inc. | $120.4M | 12.45% |
| WELLS FARGO SECURITIES, LLC | $110.3M | 11.41% |
| BARCLAYS CAPITAL, INC. | $30.8M | 3.19% |
| BOFA SECURITIES, INC. | $28.5M | 2.94% |
| BNP PARIBAS SECURITIES CORP. | $10.0M | 1.03% |
| J.P. Morgan Securities LLC | $9.4M | 0.97% |
Goldman Sachs Strategic Volatility Premium Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SVPBX | Class P | 0.50% | — |
| SVPFX | Institutional Shares | 0.51% | — |
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.