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GIMDX Goldman Sachs Local Emerg Mkts Dbt Instl

  • Fund
  • GIMDX
  • Price as of: Apr 22, 2019
  • $5.80
  • - $0.01
  • - 0.17%
  • Category
  • Emerging Markets Bonds

GIMDX - Profile

Vitals

  • YTD Return 3.4%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return -2.0%
  • Net Assets $193 M
  • Holdings in Top 10 26.1%

52 WEEK LOW AND HIGH

$5.80
$5.31
$6.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 112.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$0

Investment Themes

CATEGORY

Emerging Markets Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging-Markets Local-Currency Bond

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return -2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.80%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Goldman Sachs Local Emerging Markets Debt Fund
  • Fund Family Name Goldman Sachs
  • Inception Date Feb 15, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Samuel Finkelstein

Fund Description

The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in sovereign and corporate debt securities of issuers in emerging market countries, denominated in the local currency of such emerging market countries, and other instruments, including credit linked notes and other investments, with similar economic exposures. It is non-diversified.

GIMDX - Performance

Return Ranking - Trailing

Period GIMDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.4% -16.1% 13.4% 46.80% 3
1 Yr -11.9% -22.3% 31.5% 93.29% 5
3 Yr 2.3% * -7.4% 14.3% 79.02% 4
5 Yr -2.0% * -4.7% 6.2% 91.95% 5
10 Yr 3.5% * 1.6% 12.9% 92.78% 5

* Annualized


Return Ranking - Calendar

Period GIMDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -14.9% -25.2% 22.4% 76.78% 5
2017 10.0% -19.7% 35.5% 6.27% 1
2016 2.4% -25.7% 219.0% 50.00% 4
2015 -20.9% -26.3% 13.9% 73.42% 5
2014 -12.6% -20.6% 16.6% 73.14% 5

Total Return Ranking - Trailing

Period GIMDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.4% -16.1% 13.4% 47.97% 3
1 Yr -11.9% -25.4% 31.5% 90.96% 5
3 Yr 2.3% * -7.4% 14.3% 74.43% 4
5 Yr -2.0% * -5.1% 6.2% 90.04% 5
10 Yr 3.5% * 1.6% 12.7% 91.75% 5

* Annualized


Total Return Ranking - Calendar

Period GIMDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -14.9% -21.7% 22.4% 76.99% 5
2017 10.0% -16.0% 35.5% 8.15% 1
2016 2.4% -25.8% 224.9% 57.69% 4
2015 -20.9% -26.3% 19.4% 81.06% 5
2014 -12.6% -28.1% 26.9% 84.84% 5

NAV & Total Return History

GIMDX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

GIMDX Category Low Category High GIMDX % Rank Quintile
Net Assets 193 M 2.02 M 9.26 B 16.28% 2
Number of Holdings 467 2 1082 5.52% 1
Net Assets in Top 10 55 M -162 M 1.56 B 14.53% 2
Weighting of Top 10 26.1% 0.0% 342.5% 19.77% 3

Top 10 Holdings

  1. Secretaria Tesouro Nacional 10% 3.95%
  2. Brazil (Federative Republic) 10% 3.37%
  3. Jpmorgan Chase Bank, Nation 8.75% 17 May 2031 144a 3.17%
  4. Thailand(Kingdom) 3.78% 2.77%
  5. Republic of South Africa 8.5% 2.34%
  6. Turkish Govt 12.2% 18 Jan 2023 2.29%
  7. Republic of South Africa 10.5% 2.07%
  8. The Republic of Peru 6.15% 2.04%
  9. Republic of Colombia 7% 2.07%
  10. Republic of Colombia 11% 2.03%

Asset Allocation

Weighting Category Low Category High GIMDX % Rank Quintile
Bonds
85.23% 0.00% 122.39% 27.91% 4
Cash
14.03% -105.39% 100.00% 5.81% 1
Convertible Bonds
0.40% 0.00% 7.33% 6.98% 1
Other
0.33% -1.73% 12.96% 11.92% 2
Stocks
0.00% -0.74% 100.27% 7.85% 4
Preferred Stocks
0.00% 0.00% 2.48% 3.20% 4

Bond Sector Breakdown

Weighting Category Low Category High GIMDX % Rank Quintile
Government
74.60% -2.12% 103.49% 10.76% 2
Cash & Equivalents
13.45% -104.31% 100.00% 6.10% 1
Corporate
10.82% 0.00% 92.35% 26.74% 4
Municipal
0.42% 0.00% 1.92% 2.03% 1
Derivative
0.38% -11.77% 21.31% 6.40% 1
Securitized
0.00% 0.00% 35.33% 7.85% 4

Bond Geographic Breakdown

Weighting Category Low Category High GIMDX % Rank Quintile
Non US
83.91% -86.34% 139.62% 25.29% 4
US
1.32% -54.54% 113.05% 20.93% 3

GIMDX - Expenses

Operational Fees

GIMDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.10% 0.29% 1595.87% 43.60% 2
Management Fee 0.80% 0.00% 1.30% 5.81% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.60% N/A N/A

Sales Fees

GIMDX Fees (% of AUM) Category Low Category High GIMDX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

GIMDX Fees (% of AUM) Category Low Category High GIMDX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 1.00% 3

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GIMDX Fees (% of AUM) Category Low Category High GIMDX Rank Quintile
Turnover 112.00% 4.00% 436.00% 7.87% 4

GIMDX - Distributions

Dividend Yield Analysis

GIMDX Category Low Category High GIMDX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.24% 56.55% 4

Dividend Distribution Analysis

GIMDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

GIMDX Category Low Category High GIMDX % Rank Quintile
Net Income Ratio 5.80% -0.29% 8.90% 14.83% 1

Capital Gain Distribution Analysis

GIMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

GIMDX - Managers

Samuel Finkelstein

Manager

Start Date

Feb 15, 2008

Tenure

11.13

Tenure Rank

1.5%

Samuel Finkelstein is head of Currency, Commodities and Emerging Market Debt strategy teams within the Global Fixed Income team in GSAM. He is also a member of the Fixed Income Strategy Group. Mr. Finkelstein joined Goldman Sachs in 1997 as an analyst in Fixed Income Asset Management. He worked on the Fixed Income portfolio risk and strategy team for two years and then became an emerging market portfolio manager. Mr. Finkelstein was named managing director in 2005 and partner in 2010. Prior to joining the firm, he worked as a foreign exchange trader at Union Bank of Switzerland. Mr. Finkelstein earned an MBA from the Stern School of Business at New York University and a BA in Economics and Mathematics from Yale University in 1996.


Ricardo Penfold

Manager

Start Date

Feb 15, 2008

Tenure

11.13

Tenure Rank

1.5%

Penfold is vice president at GSAM,and he joined GSAM in 2000.Prior to that he was head of Research and Economics in Venezuela for Santander Investments and Banco Santander Central Hispano for four years.


Tenure Analysis

Category Low

0.0

Category High

24.3

Category Average

4.8

Category Mode

4.3