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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

$9.18

$480 M

3.06%

$0.28

0.56%

Vitals

YTD Return

0.2%

1 yr return

2.8%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

0.6%

Net Assets

$480 M

Holdings in Top 10

55.1%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.56%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 466.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

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

$9.18

$480 M

3.06%

$0.28

0.56%

GMDPX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.03%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Short Duration Government Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Apr 20, 2018
  • Shares Outstanding
    N/A
  • Share Class
    P
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dave Fishman

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 securities issued or guaranteed by the U.S. Government, its agencies, instrumentalities or sponsored enterprises (“U.S. Government Securities”), including agency issued adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities (“Agency Mortgage-Backed Securities”) and in repurchase agreements collateralized by such securities. Substantially all of the Fund’s Net Assets will be invested in U.S. Government Securities and instruments based on U.S. Government Securities. The Fund also intends to invest in derivatives, including (but not limited to) interest rate futures, options and interest rate swaps, which are used primarily to hedge the Fund’s portfolio risks, manage the Fund’s duration and/or gain exposure to certain fixed income securities. 100% of the Fund’s portfolio will be invested in U.S. dollar-denominated securities.The Fund may gain exposure to Agency Mortgage-Backed Securities through several methods, including by utilizing to-be-announced (“TBA”) agreements in Agency Mortgage-Backed Securities or through the use of reverse repurchase agreements. TBA agreements for Agency Mortgage-Backed Securities are standardized contracts for future delivery of fixed-rate mortgage pass-through securities in which the exact mortgage pools to be delivered are not specified until shortly before settlement. A reverse repurchase agreement enables the Fund to gain exposure to specified pools of Agency Mortgage-Backed Securities by purchasing them on a forward settling basis and using the proceeds of the reverse repurchase agreement to settle the trade.The Fund may also seek to obtain exposure to fixed income investments through investments in affiliated or unaffiliated investment companies, including exchange-traded funds (“ETFs”).The Fund’s target duration range under normal interest rate conditions is expected to approximate that of the ICE BofAML Two-Year U.S. Treasury Note Index, plus or minus 1 year, and over the past five years ended June 30, 2023, the duration of this index has ranged between 1.47 and 2.11 years. “Duration” is a measure of a debt security’s price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price to changes in interest rates. For example, if market interest rates increase by 1%, the market price of a debt security with a positive duration of 3 years will generally decrease by approximately 3%. Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that security’s market price.The Fund’s benchmark index is the ICE BofAML Two-Year U.S. Treasury Note Index.Fixed Income Investment Philosophy:Our process:Combines diversified sources of return by employing multiple strategiesTakes a global perspective to seek relative value opportunitiesConsiders a wide range of factors as part of the fundamental investment process, which may include environmental, social and governance (“ESG”) factorsEmploys focused specialist teams to seek to identify short-term mis-pricings and incorporate long-term viewsEmphasizes a risk-aware approach as we view risk management as both an offensive and defensive toolNo one factor or consideration is determinative in the fundamental investment process.
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GMDPX - Performance

Return Ranking - Trailing

Period GMDPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.3% 1.5% 39.24%
1 Yr 2.8% 0.2% 5.5% 41.77%
3 Yr -0.9%* -3.2% 1.8% 55.13%
5 Yr 0.6%* -0.8% 1.6% 45.83%
10 Yr N/A* -0.4% 2.0% 36.14%

* Annualized

Return Ranking - Calendar

Period GMDPX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -1.6% 4.4% 46.84%
2022 -6.6% -10.4% -1.0% 51.28%
2021 -2.1% -6.4% -0.2% 57.69%
2020 2.4% -1.8% 4.9% 40.54%
2019 0.7% -1.4% 3.3% 68.06%

Total Return Ranking - Trailing

Period GMDPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -2.3% 1.5% 39.24%
1 Yr 2.8% 0.2% 5.5% 41.77%
3 Yr -0.9%* -3.2% 1.8% 55.13%
5 Yr 0.6%* -0.8% 1.6% 45.83%
10 Yr N/A* -0.4% 2.0% 34.15%

* Annualized

Total Return Ranking - Calendar

Period GMDPX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% 2.4% 6.2% 36.71%
2022 -5.1% -9.3% 0.2% 46.15%
2021 -1.3% -3.1% 0.1% 61.54%
2020 4.2% 0.4% 6.0% 24.32%
2019 3.3% 1.1% 5.5% 59.72%

NAV & Total Return History


GMDPX - Holdings

Concentration Analysis

GMDPX Category Low Category High GMDPX % Rank
Net Assets 480 M 11.1 M 25.7 B 36.59%
Number of Holdings 561 7 1102 13.41%
Net Assets in Top 10 284 M 1.81 M 9.39 B 31.71%
Weighting of Top 10 55.12% 14.9% 100.0% 30.49%

Top 10 Holdings

  1. Tennessee Valley Authority 9.19%
  2. United States Treasury Note/Bond 6.35%
  3. Uniform Mortgage-Backed Security, TBA 6.12%
  4. United States Treasury Note/Bond 6.06%
  5. United States Treasury Note/Bond 5.49%
  6. Uniform Mortgage-Backed Security, TBA 5.47%
  7. United States Treasury Note/Bond 5.10%
  8. United States Treasury Note/Bond 4.01%
  9. United States Treasury Note/Bond 3.69%
  10. Federal National Mortgage Association 3.63%

Asset Allocation

Weighting Return Low Return High GMDPX % Rank
Bonds
101.94% 64.98% 127.29% 23.17%
Cash
3.01% 0.00% 13.77% 24.39%
Stocks
0.13% 0.00% 4.55% 8.54%
Preferred Stocks
0.00% 0.00% 0.04% 64.63%
Convertible Bonds
0.00% 0.00% 0.00% 61.73%
Other
-0.51% -8.75% 33.59% 90.24%

Stock Sector Breakdown

Weighting Return Low Return High GMDPX % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High GMDPX % Rank
US
0.13% 0.00% 4.55% 8.54%
Non US
0.00% 0.00% 0.00% 62.20%

Bond Sector Breakdown

Weighting Return Low Return High GMDPX % Rank
Government
54.65% 0.00% 99.96% 51.85%
Securitized
45.02% 0.00% 100.00% 54.32%
Cash & Equivalents
3.01% 0.00% 13.77% 24.39%
Corporate
0.00% 0.00% 34.19% 70.37%
Municipal
0.00% 0.00% 6.22% 69.14%
Derivative
-0.51% -0.51% 13.93% 98.78%

Bond Geographic Breakdown

Weighting Return Low Return High GMDPX % Rank
US
101.94% 64.98% 127.29% 23.17%
Non US
0.00% 0.00% 0.00% 62.20%

GMDPX - Expenses

Operational Fees

GMDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.03% 2.91% 68.29%
Management Fee 0.44% 0.03% 0.80% 66.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.45% N/A

Sales Fees

GMDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load N/A 0.50% 1.00% N/A

Trading Fees

GMDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 0.25% 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.

GMDPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 466.00% 0.00% 466.00% 98.44%

GMDPX - Distributions

Dividend Yield Analysis

GMDPX Category Low Category High GMDPX % Rank
Dividend Yield 3.06% 0.00% 5.68% 56.10%

Dividend Distribution Analysis

GMDPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GMDPX Category Low Category High GMDPX % Rank
Net Income Ratio -0.03% -0.78% 3.29% 92.41%

Capital Gain Distribution Analysis

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

Distributions History

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GMDPX - Fund Manager Analysis

Managers

Dave Fishman


Start Date

Tenure

Tenure Rank

Dec 31, 2008

13.42

13.4%

Managing director of Goldman Sachs since 2001, and co-head of the Goldman Sachs global liquidity management team since 2008 as a result of a merger between the Goldman Sachs money market team with the Goldman Sachs short duration team. Mr. Fishman was head of the Goldman Sachs money market team since 2002. Mr. Fishman joined the Goldman Sachs Asset Management, L.P. in 1997 after working at Bankers Trust as a Portfolio Manager. He has over 22 years of investment experience. Mr. Fishman has a BS from The Wharton School of the University of Pennsylvania and an MBA from New York University, Stern School of Business.

John Olivo


Start Date

Tenure

Tenure Rank

Feb 11, 2016

6.3

6.3%

Mr. Olivo is the global head of short duration fixed income strategies. In this role, Mr. Olivo is responsible for portfolio management of several of GSAM’s short duration funds as well as portfolio construction and oversight for investment mandates on behalf of central banks, balance sheet clients, and financial institutions. Previously, he was a member of the short-term taxable portfolio management team and co-managed the U.S. Government money market funds. Mr. Olivo also managed the separate account money market business. Mr. Olivo is a member of the Investment Strategy Committee. He joined GSAM in 1995 as a portfolio trading assistant and was responsible for the daily compliance of all of the taxable money market funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.49 32.44 10.28 7.33