(Bloomberg) -- Goldman Sachs, rarely thought of as a low-cost option, is seeking to be just that with a new line of ETFs.

The firm will charge an expense ratio of 9 basis points on the large-cap version of its so-called ActiveBeta ETFs, according to a regulatory filing Friday. That means investors will pay $9 in annual fees for every $10,000 invested, lower than the 9.5 basis points charged by the world’s largest ETF, the SPDR S&P 500 fund.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.