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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.75

$342 M

1.74%

$0.38

0.65%

Vitals

YTD Return

8.1%

1 yr return

25.2%

3 Yr Avg Return

6.3%

5 Yr Avg Return

10.4%

Net Assets

$342 M

Holdings in Top 10

88.6%

52 WEEK LOW AND HIGH

$21.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 4.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.75

$342 M

1.74%

$0.38

0.65%

GAPIX - Profile

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.62%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs Dynamic Global Equity Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Jan 02, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Neill Nuttall

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 a diversified portfolio of global equity asset classes. Such investments may include underlying funds (including exchange-traded funds (“ETFs”)), futures, forwards, options and other instruments with similar economic exposures. The Fund may invest in underlying funds that currently exist or that may become available for investment in the future for which Goldman Sachs Asset Management, L.P. (“GSAM” or the “Investment Adviser”) or an affiliate now or in the future acts as investment adviser or principal underwriter.The Fund uses derivatives for both hedging and non-hedging purposes. The Fund’s use of derivatives may include: (i) futures contracts, including futures based on equity indices; (ii) options, including long and short positions in call options and put options on indices, individual securities or currencies, and options on futures contracts; (iii) currency forwards and non-deliverable forwards; (iv) swaps, including equity, currency, interest rate, total return, and credit default swaps; and (v) interest rate derivatives (for hedging or when risk assets decline in value) to gain exposure to securities in the global asset classes. Given the dynamic nature of the Investment Adviser’s process and the underlying exposures within the Fund, the Fund’s overall exposure to derivative instruments will vary over time. As a result of the Fund’s use of derivatives, the Fund may also hold significant amounts of U.S. Treasuries or short-term investments, including money market funds, repurchase agreements, cash and time deposits.The Fund may use leverage (e.g., by borrowing or through derivatives). As a result, the sum of the Fund’s investment exposures may at times exceed the amount of assets invested in the Fund, although these exposures may vary over time.The Fund intends to have investments economically tied to at least three countries, including the United States, and may invest in the securities of issuers economically tied to emerging market countries. The Fund seeks broad representation of large-cap and mid-cap issuers across major countries and sectors of the international economy, with some exposure to small-cap issuers.Unless otherwise stated herein, the Fund’s investment in any of the underlying funds may exceed 25% of its Net Assets. The Investment Adviser expects that the Fund may invest a relatively significant percentage of its assets in the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF, Goldman Sachs ActiveBeta® Emerging Markets Equity ETF, Goldman Sachs ActiveBeta® International Equity ETF, Goldman Sachs MarketBeta Emerging Markets Equity ETF, and Goldman Sachs MarketBeta International Equity ETF, and the Goldman Sachs Large Cap Growth Insights, Goldman Sachs Large Cap Value Insights, Goldman Sachs International Equity Insights, Goldman Sachs Small Cap Equity Insights, Goldman Sachs International Small Cap Insights, Goldman Sachs Emerging Markets Equity Insights, Goldman Sachs Global Real Estate Securities, and Goldman Sachs Global Infrastructure Funds.The Investment Adviser generally expects to identify investments using a dynamic management approach. This approach considers global equity and downside risks. The Investment Adviser will consider these risks in terms of the desired market exposure for a given global equity asset class.The Fund’s benchmark index is the MSCI All Country World Index (ACWI) (Net, USD, Unhedged) (the “MSCI® ACWI Index”).THE PARTICULAR UNDERLYING FUNDS IN WHICH THE FUND MAY INVEST MAY BE CHANGED FROM TIME TO TIME WITHOUT SHAREHOLDER APPROVAL OR NOTICE.
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GAPIX - Performance

Return Ranking - Trailing

Period GAPIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -35.6% 29.2% 19.24%
1 Yr 25.2% 17.3% 252.4% 42.95%
3 Yr 6.3%* -3.5% 34.6% 61.31%
5 Yr 10.4%* 0.1% 32.7% 48.59%
10 Yr 8.6%* -6.9% 18.3% 49.54%

* Annualized

Return Ranking - Calendar

Period GAPIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.4% -24.3% 957.1% 57.45%
2022 -24.0% -38.3% 47.1% 63.59%
2021 6.9% -54.2% 0.6% 40.24%
2020 10.6% -76.0% 54.1% 22.55%
2019 19.0% -26.1% 47.8% 21.37%

Total Return Ranking - Trailing

Period GAPIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -35.6% 29.2% 19.69%
1 Yr 25.2% 11.4% 252.4% 39.20%
3 Yr 6.3%* -3.5% 34.6% 59.12%
5 Yr 10.4%* 0.1% 32.7% 46.71%
10 Yr 8.6%* -6.9% 18.3% 48.98%

* Annualized

Total Return Ranking - Calendar

Period GAPIX Return Category Return Low Category Return High Rank in Category (%)
2023 20.6% -24.3% 957.1% 57.45%
2022 -19.0% -33.1% 47.1% 63.97%
2021 20.5% -44.4% 1.8% 59.08%
2020 13.6% -6.5% 54.1% 25.92%
2019 26.2% -14.4% 47.8% 18.02%

NAV & Total Return History


GAPIX - Holdings

Concentration Analysis

GAPIX Category Low Category High GAPIX % Rank
Net Assets 342 M 199 K 133 B 38.71%
Number of Holdings 113 1 9075 53.41%
Net Assets in Top 10 291 M -18 M 37.6 B 19.93%
Weighting of Top 10 88.61% 9.1% 100.0% 3.78%

Top 10 Holdings

  1. Goldman Sachs MarketBeta US Equity ETF 16.54%
  2. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.92%
  3. Goldman Sachs MarketBeta International Equity ETF 12.86%
  4. Goldman Sachs Large Cap Growth Insights Fund 8.16%
  5. Goldman Sachs Large Cap Value Insights Fund 8.00%
  6. Goldman Sachs International Equity Insights Fund 6.36%
  7. Goldman Sachs ActiveBeta International Equity ETF 6.29%
  8. Goldman Sachs Financial Square Government Fund 6.10%
  9. Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.65%
  10. Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.73%

Asset Allocation

Weighting Return Low Return High GAPIX % Rank
Stocks
96.34% 61.84% 125.47% 94.49%
Cash
3.21% -174.70% 23.12% 4.63%
Other
0.46% -13.98% 19.14% 23.02%
Preferred Stocks
0.00% -0.01% 5.28% 16.85%
Convertible Bonds
0.00% 0.00% 4.46% 92.73%
Bonds
0.00% -1.50% 161.67% 93.06%

Stock Sector Breakdown

Weighting Return Low Return High GAPIX % Rank
Technology
18.79% 0.00% 49.87% 60.13%
Financial Services
15.02% 0.00% 38.42% 64.87%
Healthcare
12.00% 0.00% 35.42% 52.97%
Consumer Cyclical
11.51% 0.00% 40.94% 38.33%
Industrials
10.46% 0.00% 44.06% 55.62%
Consumer Defense
8.11% 0.00% 73.28% 37.33%
Communication Services
7.07% 0.00% 57.66% 49.67%
Basic Materials
5.40% 0.00% 38.60% 35.79%
Real Estate
4.71% 0.00% 39.48% 13.22%
Energy
3.78% 0.00% 21.15% 45.81%
Utilities
3.15% 0.00% 29.12% 28.96%

Stock Geographic Breakdown

Weighting Return Low Return High GAPIX % Rank
US
96.34% 0.13% 103.82% 80.40%
Non US
0.00% 0.58% 99.46% 36.56%

GAPIX - Expenses

Operational Fees

GAPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 44.27% 96.35%
Management Fee 0.15% 0.00% 1.82% 7.11%
12b-1 Fee 0.00% 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

GAPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GAPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

GAPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.00% 395.00% 10.09%

GAPIX - Distributions

Dividend Yield Analysis

GAPIX Category Low Category High GAPIX % Rank
Dividend Yield 1.74% 0.00% 3.26% 92.78%

Dividend Distribution Analysis

GAPIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

GAPIX Category Low Category High GAPIX % Rank
Net Income Ratio 1.62% -4.27% 12.65% 33.41%

Capital Gain Distribution Analysis

GAPIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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GAPIX - Fund Manager Analysis

Managers

Neill Nuttall


Start Date

Tenure

Tenure Rank

Feb 19, 2019

3.28

3.3%

Neill Nuttall is a managing director and the chief investment officer of the Multi-Asset Solutions Group (MAS) in Goldman Sachs Asset Management (GSAM). He also serves as chairman of the MAS Investment Committee. Neill joined Goldman Sachs as a managing director in GSAM in 2014. Prior to joining the firm, Neill worked for almost 30 years at JPMorgan Asset Management (JPMAM) and its heritage firms, based for 14 years in Hong Kong and subsequently in London. From 2006, Neill served as chief investment officer and head of JPMAM’s Global Multi Asset Group (GMAG) and latterly as head of Asset Allocation for GMAG. Prior to joining GMAG, Neill served as a managing director and senior strategist within JPMAM’s Currency Group. Previous roles included senior investing positions at Jardine Fleming Investment Management in the International Multi-Asset Portfolios Group. Prior to joining JPMAM, Neill worked for Standard Chartered Bank in Hong Kong and Thailand. Neill earned a BA (Hons) in politics from the University of Exeter.

Siwen Wu


Start Date

Tenure

Tenure Rank

May 24, 2021

1.02

1.0%

Mr. Wu is a Vice President focusing on multi-asset funds and institutional portfolios within the Global Portfolio Solutions (GPS) Group in GSAM. Prior to joining GPS in 2014, Mr. Wu spent two years in the Market Risk Management Group at Goldman Sachs where he worked on risk analysis and capital efficiency projects for the Securities Division businesses.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25