This calculator is for illustrative purposes only and may not apply to your individual circumstances. Calculated value assumes the same daily balance for the year and multiplies it by the annual management fee of 0.25%.
The management fee is for services we provide, as well as clearing and custodial services provided by the custodian. The account holder is responsible for the management fee. The fee is paid quarterly in arrears and debited from your account. The management fee does not include the fees and expenses applicable to investment funds, including the fees and expenses that are reflected in the price of the ETF and mutual fund shares, which are deducted from the fund’s net asset value and are borne by the fund’s shareholders. Starting January 1, 2023, investors in Smart Beta Portfolios will no longer receive a rebate for Goldman Sachs Asset Management (“GSAM LP,” an affiliate of GS&Co.) ETFs and will be subject to applicable expense ratios. GS&Co. does not have any role in the management of or selection of ETFs managed by GSAM LP. For more information regarding the management fee and other costs associated with the program, please click here.