TTRFX Fees and Costs — Goldman Sachs Tactical Tilt Overlay Fund, Class R6
Data updated: 2026-07-22
The net expense ratio is 0.77% (0.88% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $282K in broker commissions, 0.0061% of average net assets, and portfolio turnover was 143%.
TTRFX Fees and Expenses
Annual operating expenses and sales charges of TTRFX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.77% |
| 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 |
TTRFX Costs Over Time
On $10,000 invested in TTRFX, assuming 5% a year before costs, total costs come to $488 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $81 | $267 | $488 |
| Value after costs | $10,419 | $11,309 | $12,275 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
TTRFX 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): 0.0061%
- Total broker commissions: $282K
- Bought from dealers (principal trades, not a cost): $16.0B
- Portfolio turnover (prospectus): 143%
- Securities on loan, average value: $31.7M
- Net income from securities lending: $442K (0.010% of average net assets)
TTRFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $126K | 45.24% |
| BOFA SECURITIES, INC. | $41K | 14.67% |
| MORGAN STANLEY & CO. LLC | $31K | 11.01% |
| UBS AG | $31K | 10.99% |
| GOLDMAN SACHS & CO. LLC | $28K | 9.87% |
| CITIGROUP GLOBAL MARKETS INC. | $9K | 3.19% |
| J.P. MORGAN SECURITIES LLC | $5K | 1.97% |
| INSTINET, LLC | $5K | 1.66% |
| Jane Street Execution Services, LLC | $2K | 0.75% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $2K | 0.65% |
TTRFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.7B | 22.10% |
| BOFA SECURITIES, INC. | $2.2B | 18.03% |
| CitiGroup Global Markets Inc. | $2.1B | 16.80% |
| BARCLAYS CAPITAL, INC. | $1.2B | 9.40% |
| RBC CAPITAL MARKETS, LLC | $1.1B | 8.72% |
| WELLS FARGO SECURITIES, LLC | $991.0M | 7.99% |
| Citibank, National Association | $887.1M | 7.15% |
| JPMorgan Chase Bank, National Association | $591.9M | 4.77% |
| BGC BROKERS L.P. | $315.2M | 2.54% |
| BNP PARIBAS | $310.7M | 2.50% |
Goldman Sachs Tactical Tilt Overlay Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GSLPX | Class P | 0.77% | — |
| TTRFX | Class R6 | 0.77% | — |
| TTIFX | Institutional Shares | 0.78% | — |
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.