Daily ETF Watch: Goldman Finalizes Fees

Goldman Sachs makes waivers on ETFs permanent.

Goldman Sachs Asset Management has announced that it will be making the current fees for its ETFs permanent. This means that the waivers that are currently a part of the expense ratios will not be subject to expiration, pending approval from the board of trustees for the Goldman Sachs ETF Trust.

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC | C-89) currently charges the same as the SPDR S&P 500 ETF (SPY | A-97) due to its 15-basis-point fee waiver. Goldman’s move to make its fees permanent would set GSLC’s expense ratio at 0.09%.

The other four Goldman Sachs funds, their expense ratios and their current waivers are as follows:

• Goldman Sachs ActiveBeta Europe Equity ETF (GSEU), 0.25%, 32 bps
• Goldman Sachs ActiveBeta International Equity ETF (GSIE), 0.25%, 29 bps
• Goldman Sachs ActiveBeta Japan Equity ETF (GSJY), 0.25%, 31 bps
• Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM), 0.45%, 31 bps

Contact Heather Bell at [email protected].