Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Mutualfunds logo

GSFIX Goldman Sachs Core Fixed Income Instl

  • Fund
  • GSFIX
  • Price as of: Feb 21, 2019
  • $10.26
  • - $0.03
  • - 0.29%
  • Category
  • Total Bond Market

GSFIX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $1.05 B
  • Holdings in Top 10 71.1%

52 WEEK LOW AND HIGH

$10.26
$9.99
$10.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover 273.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$0

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.20%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Goldman Sachs Core Fixed Income Fund
  • Fund Family Name Goldman Sachs
  • Inception Date Jan 05, 1994
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Michael Swell

GSFIX - Performance

Return Ranking - Trailing

Period GSFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -30.9% 14.2% 31.81% 3
1 Yr 2.0% -16.3% 21.5% 26.13% 2
3 Yr 2.1% * -6.1% 15.2% 47.94% 3
5 Yr 2.4% * -2.4% 14.8% 28.50% 2
10 Yr 4.9% * -0.7% 11.4% 28.00% 2

* Annualized


Return Ranking - Calendar

Period GSFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.2% -36.6% 9.9% 40.87% 4
2017 0.9% -11.1% 25.1% 36.12% 3
2016 0.4% -13.3% 192.8% 35.62% 3
2015 -2.2% -33.0% 20.8% 30.24% 3
2014 3.0% -9.3% 20.7% 12.98% 1

Total Return Ranking - Trailing

Period GSFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -100.0% 14.2% 32.21% 3
1 Yr 2.0% -16.3% 21.5% 23.04% 2
3 Yr 2.1% * -7.0% 15.2% 43.61% 3
5 Yr 2.4% * -2.8% 14.8% 25.37% 2
10 Yr 4.9% * -0.7% 11.4% 26.35% 2

* Annualized


Total Return Ranking - Calendar

Period GSFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.2% -36.6% 9.9% 41.55% 4
2017 0.9% -11.1% 25.1% 37.20% 3
2016 0.4% -9.0% 195.3% 47.10% 3
2015 -2.0% -32.5% 58.5% 48.03% 4
2014 3.1% -8.3% 58.3% 31.16% 2

NAV & Total Return History

GSFIX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

GSFIX Category Low Category High GSFIX % Rank Quintile
Net Assets 1.05 B 319 K 207 B 14.65% 3
Number of Holdings 758 1 17326 9.46% 2
Net Assets in Top 10 153 M -36 B 52.1 B 15.67% 3
Weighting of Top 10 71.1% 0.0% 1093.9% 5.60% 1

Top 10 Holdings

  1. Federal National Mortgage Association 4.5% 11.65%
  2. Federal National Mortgage Association 4.5% 11.65%
  3. Federal National Mortgage Association 4.5% 10.39%
  4. Federal National Mortgage Association 3.5% 7.25%
  5. Federal National Mortgage Association 3.5% 7.25%
  6. Federal National Mortgage Association 4% 5.69%
  7. Federal National Mortgage Association 4% 5.69%
  8. Government National Mortgage Association 4.5% 3.85%
  9. Government National Mortgage Association 4.5% 3.85%
  10. United States Treasury Notes 2.12% 3.85%

Asset Allocation

Weighting Category Low Category High GSFIX % Rank Quintile
Bonds
101.98% -175.98% 611.62% 3.46% 1
Other
1.69% -147.36% 99.99% 4.53% 1
Convertible Bonds
0.77% 0.00% 13.10% 5.29% 2
Stocks
0.00% -2.63% 98.80% 5.75% 4
Preferred Stocks
0.00% 0.00% 22.15% 6.66% 4
Cash
-4.44% -517.20% 275.92% 28.03% 5

Bond Sector Breakdown

Weighting Category Low Category High GSFIX % Rank Quintile
Corporate
38.11% 0.00% 221.70% 15.21% 3
Securitized
37.70% 0.00% 118.59% 11.80% 2
Government
24.98% -389.49% 503.27% 13.68% 2
Municipal
1.49% 0.00% 99.68% 6.41% 1
Derivative
-0.01% -179.93% 272.90% 4.17% 4
Cash & Equivalents
-5.04% -790.54% 275.92% 28.23% 5

Bond Geographic Breakdown

Weighting Category Low Category High GSFIX % Rank Quintile
US
90.61% -370.09% 500.82% 8.49% 2
Non US
11.37% -185.01% 351.70% 15.26% 3

GSFIX - Expenses

Operational Fees

GSFIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.50% 0.00% 44.72% 11.76% 1
Management Fee 0.40% 0.00% 2.15% 2.85% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

GSFIX Fees (% of AUM) Category Low Category High GSFIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

GSFIX Fees (% of AUM) Category Low Category High GSFIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

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.

GSFIX Fees (% of AUM) Category Low Category High GSFIX Rank Quintile
Turnover 273.00% 0.00% 1576.00% 5.09% 5

GSFIX - Distributions

Dividend Yield Analysis

GSFIX Category Low Category High GSFIX % Rank Quintile
Dividend Yield 0.3% 0.00% 3.70% 16.47% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

GSFIX Category Low Category High GSFIX % Rank Quintile
Net Income Ratio 2.20% -1.56% 7.22% 12.37% 3

Capital Gain Distribution Analysis

GSFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

GSFIX - Managers

Michael Swell

Manager

Start Date

Mar 31, 2009

Tenure

9.84

Tenure Rank

3.4%

Michael is the co-head of Global Lead Portfolio Management within the Global Fixed Income GroupLiquidity Management team at Goldman Sachs Asset Management (GSAM).He is a member of the Fixed Income Strategy. In this role, he is responsible co-leading the global team of portfolio managers that are responsible for overseeing multi-sector portfolios. Previously, Michael was a senior portfolio manager and co-head of the US Fixed Income group. Michael joined Goldman Sachs Asset Management, L.P. in 2007 as a managing director and head of Structured Products. This role entailed the creation of structured product asset management vehicles across the spectrum of fixed income products and management of opportunistic/alternative portfolios. Prior to joining the firm, from 2005 to 2007, Mr. Swell was a Senior Managing Director in charge of Friedman, Billings & Ramsey’s Fixed Income Sales & Trading division.. Under Michael's guidance, his division was responsible for the underwriting of more than $22 billion of mortgage-related transactions and the trading and hedging of all MBS and ABS products. Prior to joining FBR, Michael was the vice president in charge of Freddie Mac’s Securities Sales and Trading Group, Freddie Mac’s in-house MBS broker dealer. Prior to joining Freddie Mac in 1992, Michael marketed and developed fixed income asset management vehicles at BlackRock Financial Management, a fixed income money management firm. Michael started his career as a corporate analyst in the Investment Banking Division of Lehman Brothers helping institutions raise debt capital. Michael earned a BA in Politics and Economics from Brandeis University, a General Course Degree from the London School of Economics and an MA in International Economics and Finance from the Lemberg School at Brandeis University.


Ashish C. Shah

Manager

Start Date

Jan 01, 2019

Tenure

0.08

Tenure Rank

10.5%

Ashish Shah is Chief Investment Officer of Global Credit and Head of Fixed Income for AB. He is also a Partner of the firm. As CIO of Global Credit, Shah oversees all of AB’s credit-related strategies, including all global and regional investment-grade and high-yield strategies. In this capacity, he leads AB’s internal Credit Research Review Committee, the primary investment policy and decision-making committee for all credit-related portfolios managed by AB. As Head of Fixed Income, Shah is responsible for the management and strategic growth of the overall business. He is the author of several published papers and blogs, including those highlighting high-yield bonds as attractive substitutes for equities (June 2015), concerns around the bank loan market (November 2013) and the dangers in reaching for yield in the high-yield market (August 2013). Shah joined AB in 2010 as the firm’s head of Global Credit. Prior to that, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008–2010), where he was responsible for the High Grade, High Yield, Structured Credit and Municipal Strategy groups and the Special Situations Research team. From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers, leading the Structured Credit/CDO and Credit Strategy groups and covering the cash bond, credit derivatives and CDO product areas for global credit investors. He holds a BS in economics from the Wharton School of the University of Pennsylvania. Location: New York


Tenure Analysis

Category Low

0.0

Category High

30.1

Category Average

6.58

Category Mode

1.9