Goldman Sachs ESG Emerging Markets Equity Fund
Fund
GEPPX
Price as of:
$10.18
- $0.01
- 0.10%
Primary Theme
fund company
Name
As of 11/20/2024Price
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
Vitals
YTD Return
12.2%
1 yr return
14.5%
3 Yr Avg Return
-7.1%
5 Yr Avg Return
N/A
Net Assets
$22.9 M
Holdings in Top 10
40.8%
52 WEEK LOW AND HIGH
$10.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 116.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
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
GEPPX - Profile
Distributions
- YTD Total Return 12.2%
- 3 Yr Annualized Total Return -7.1%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.17%
- Dividend Yield 1.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGoldman Sachs ESG Emerging Markets Equity Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateJan 21, 2020
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBasak Yavuz
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 equity investments in emerging country issuers that the Investment Adviser believes adhere to the Fund’s environmental, social and governance (“ESG”) criteria. Such equity investments may include exchange-traded funds (“ETFs”), futures and other instruments with similar economic exposures. The Investment Adviser may consider classifications by the World Bank, the International Finance Corporation, the United Nations (and its agencies) or the Fund’s benchmark index provider in determining whether a country is emerging or developed. Emerging countries are generally located in Africa, Asia, the Middle East, Central and Eastern Europe and Central and South America.The Fund’s ESG criteria are generally designed to exclude companies that are directly engaged in, and/or derive significant revenue from, certain industries or product lines, including, but not limited to:◼alcohol;◼tobacco;◼gambling;◼adult entertainment;◼for-profit prisons;◼weapons;◼oil and gas exploration and production;◼thermal coal mining; and◼thermal coal power generation.In determining whether a company is directly engaged in, and/or derives significant revenue from, the industries or product lines listed above, the Fund will use revenue thresholds for certain industries or product lines (e.g., companies that derive more than 5% of revenue from tobacco) and categorical exclusions for other industries or product lines (e.g., companies that derive any revenue from controversial weapons) and apply such thresholds and exclusions to data provided by one or more third-party vendor(s). Generally, the highest revenue threshold used will be 5%. The Investment Adviser, in its sole discretion, retains the right not to use data provided by third-party vendors where it deems the data to be not representative of a company’s current business operations. In such cases, or where data on specific companies may not be available from third-party vendors, the Investment Adviser may make reasonable estimates or otherwise exercise its discretion. The Fund’s ESG criteria may be updated periodically to, among other things, add or remove certain industries or product lines from the screening process, revise the revenue thresholds and categorical exclusions applicable to such activities, or change particular industries or product lines from a categorical exclusion to a revenue threshold, or vice versa.Once the Investment Adviser determines that an issuer meets the Fund’s ESG criteria, the Investment Adviser conducts a supplemental analysis of individual companies’ corporate governance factors and a range of environmental and social factors that may vary by sector. This supplemental analysis will be conducted alongside traditional fundamental, bottom-up financial analysis of individual companies, using traditional fundamental metrics. The Investment Adviser may engage in active dialogues with company management teams to further inform investment decision-making and to foster best corporate governance practices using its fundamental and ESG analysis. The Fund may invest in a company prior to completion of the supplemental analysis or without engaging with company management. Instances in which the supplemental analysis may not be completed prior to investment include but are not limited to initial public offerings (“IPOs”), in-kind transfers, corporate actions, and/or certain short-term holdings.The Investment Adviser may sell holdings for several reasons, including, among others, changes in a company’s fundamentals or earnings, a company no longer meeting the Fund’s ESG criteria, or a company otherwise failing to conform to the Investment Adviser’s investment philosophy.The Fund may invest in the aggregate up to 20% of its Net Assets in: (i) fixed income securities of private and government emerging country issuers; (ii) equity and fixed income securities, such as government, corporate and bank debt obligations, of developed country issuers; and (iii) equity and fixed income securities of issuers that may not adhere to the Fund’s ESG criteria.The Fund’s performance benchmark index is the MSCI Emerging Markets Index (Net, USD, Unhedged).THE FUND IS “NON-DIVERSIFIED” UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED, AND MAY INVEST A GREATER PORTION OF ITS ASSETS IN ONE OR MORE ISSUERS OR IN FEWER ISSUERS THAN “DIVERSIFIED” MUTUAL FUNDS.
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GEPPX - Performance
Return Ranking - Trailing
| Period | GEPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -12.0% | 32.8% | 14.59% |
| 1 Yr | 14.5% | -7.2% | 35.4% | 29.60% |
| 3 Yr | -7.1%* | -14.3% | 11.2% | 83.53% |
| 5 Yr | N/A* | -5.5% | 11.3% | N/A |
| 10 Yr | N/A* | -2.1% | 6.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GEPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.1% | -6.5% | 35.5% | 95.49% |
| 2022 | -30.3% | -50.1% | -2.4% | 85.44% |
| 2021 | -9.9% | -33.1% | 22.5% | 71.49% |
| 2020 | N/A | -22.1% | 80.1% | N/A |
| 2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
| Period | GEPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.2% | -12.0% | 32.8% | 14.59% |
| 1 Yr | 14.5% | -7.2% | 35.4% | 29.60% |
| 3 Yr | -7.1%* | -14.3% | 11.2% | 83.53% |
| 5 Yr | N/A* | -5.5% | 11.3% | N/A |
| 10 Yr | N/A* | -2.1% | 6.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GEPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.8% | -2.7% | 42.0% | 93.51% |
| 2022 | -30.0% | -42.2% | 1.9% | 89.23% |
| 2021 | -2.9% | -32.5% | 33.1% | 61.02% |
| 2020 | N/A | -20.0% | 81.6% | N/A |
| 2019 | N/A | 2.3% | 42.0% | N/A |
NAV & Total Return History
GEPPX - Holdings
Concentration Analysis
| GEPPX | Category Low | Category High | GEPPX % Rank | |
|---|---|---|---|---|
| Net Assets | 22.9 M | 682 K | 103 B | 90.85% |
| Number of Holdings | 90 | 9 | 7534 | 55.35% |
| Net Assets in Top 10 | 9.24 M | 290 K | 23.8 B | 89.58% |
| Weighting of Top 10 | 40.81% | 2.9% | 101.1% | 26.23% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 9.79%
- Samsung Electronics Co Ltd 7.08%
- Tencent Holdings Ltd 6.84%
- ICICI Bank Ltd 3.21%
- Zomato Ltd 3.12%
- Tata Consumer Products Ltd 2.53%
- Bank Central Asia Tbk PT 2.32%
- Meituan 2.07%
- MediaTek Inc 2.02%
- Infosys Ltd 1.84%
Asset Allocation
| Weighting | Return Low | Return High | GEPPX % Rank | |
|---|---|---|---|---|
| Stocks | 98.11% | 0.00% | 107.82% | 35.35% |
| Cash | 0.95% | -2.03% | 98.08% | 71.55% |
| Preferred Stocks | 0.94% | 0.00% | 13.31% | 44.08% |
| Other | 0.00% | -1.11% | 26.93% | 78.17% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 73.48% |
| Bonds | 0.00% | 0.00% | 88.10% | 76.20% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GEPPX % Rank | |
|---|---|---|---|---|
| Financial Services | 27.13% | 0.00% | 48.86% | 9.99% |
| Technology | 25.72% | 0.00% | 47.50% | 31.10% |
| Consumer Cyclical | 11.32% | 0.00% | 48.94% | 59.49% |
| Communication Services | 11.21% | 0.00% | 39.29% | 22.11% |
| Consumer Defense | 10.02% | 0.00% | 25.90% | 14.12% |
| Industrials | 4.98% | 0.00% | 43.53% | 68.19% |
| Healthcare | 4.93% | 0.00% | 16.53% | 34.81% |
| Basic Materials | 2.14% | 0.00% | 30.03% | 91.87% |
| Utilities | 2.11% | 0.00% | 39.12% | 35.81% |
| Real Estate | 0.44% | 0.00% | 17.15% | 74.61% |
| Energy | 0.00% | 0.00% | 24.80% | 96.43% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GEPPX % Rank | |
|---|---|---|---|---|
| Non US | 90.38% | 0.00% | 100.18% | 31.83% |
| US | 7.73% | 0.00% | 100.95% | 58.45% |
GEPPX - Expenses
Operational Fees
| GEPPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.67% | 0.03% | 29.98% | 9.60% |
| Management Fee | 0.98% | 0.00% | 2.00% | 71.23% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| GEPPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GEPPX 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.
| GEPPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 116.00% | 0.00% | 189.00% | 93.24% |
GEPPX - Distributions
Dividend Yield Analysis
| GEPPX | Category Low | Category High | GEPPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.47% | 0.00% | 9.74% | 57.46% |
Dividend Distribution Analysis
| GEPPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
| GEPPX | Category Low | Category High | GEPPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.17% | -1.98% | 17.62% | 71.78% |
Capital Gain Distribution Analysis
| GEPPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.149 | OrdinaryDividend |
| Dec 20, 2022 | $0.037 | OrdinaryDividend |
| Dec 30, 2021 | $0.077 | OrdinaryDividend |
| Dec 14, 2021 | $0.900 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.045 | OrdinaryDividend |
GEPPX - Fund Manager Analysis
Managers
Basak Yavuz
Start Date
Tenure
Tenure Rank
May 30, 2018
4.01
4.0%
Ms. Yavuz is the co-head of GSAM’s Emerging Markets Equity team and a portfolio manager for GSAM’s Emerging Markets Equity. Ms. Yavuz joined the Goldman Sachs Asset Management, L.P in September 2011 from HSBC Asset Management, where she spent three and half years as a portfolio manager for frontier markets. Prior to joining HSBC, she was a research analyst at AllianceBernstein in London from 2001 to 2008.
Hiren Dasani
Start Date
Tenure
Tenure Rank
May 30, 2018
4.01
4.0%
Hiren Dasani is the co-head of GSAM’s Emerging Markets Equity team and a portfolio manager for GSAM’s Emerging Markets Equity and India Equity strategies. Mr. Dasani joined GSAM’s India Equity Research team in January 2007 from SSKI Securities.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.65 | 13.42 |