GGIUX: Goldman Sachs US Mortgages R6

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GGIUX Goldman Sachs US Mortgages R6


Profile

GGIUX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $371 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.74
$10.21
$10.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs U.S. Mortgages Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Jul 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Creed

Fund Description

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in securities representing direct or indirect interests in or that are collateralized by adjustable rate and fixed rate mortgage loans or other mortgage-related securities of U.S. issuers. It may also invest in mortgage dollar rolls, securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises, asset-backed securities and foreign securities.


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Categories

Fund Company Quick Screens

GGIUX - Fund Company Quick Screens


Performance

GGIUX - Performance

Return Ranking - Trailing

Period GGIUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -4.3% 9.2% 67.48%
1 Yr 2.2% -4.7% 8.6% 68.93%
3 Yr 0.7%* -2.4% 3.6% 65.19%
5 Yr 0.1%* -13.3% 2.0% 63.80%
10 Yr N/A* -4.1% 1.7% 1.43%

* Annualized

Return Ranking - Calendar

Period GGIUX Return Category Return Low Category Return High Rank in Category (%)
2019 2.9% -0.4% 7.1% 72.06%
2018 -2.3% -5.4% -0.7% 86.98%
2017 -0.8% -2.3% 0.9% 68.79%
2016 -0.7% -9.3% 1.4% 13.94%
2015 N/A -4.5% 3.3% N/A

Total Return Ranking - Trailing

Period GGIUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -4.3% 9.2% 67.48%
1 Yr 2.2% -4.7% 8.6% 68.93%
3 Yr 0.7%* -1.4% 5.1% 73.48%
5 Yr 0.1%* -13.3% 4.2% 76.07%
10 Yr N/A* -4.1% 6.6% 1.43%

* Annualized

Total Return Ranking - Calendar

Period GGIUX Return Category Return Low Category Return High Rank in Category (%)
2019 2.9% -0.2% 7.1% 74.02%
2018 -2.3% -3.4% 3.0% 92.71%
2017 -0.8% -1.9% 4.6% 76.88%
2016 -0.7% -9.3% 1.5% 46.67%
2015 N/A -4.5% 3.3% N/A

NAV & Total Return History


Holdings

GGIUX - Holdings

Concentration Analysis

GGIUX Category Low Category High GGIUX % Rank
Net Assets 371 M 1 M 27.2 B 71.43%
Number of Holdings 820 2 15496 12.86%
Net Assets in Top 10 139 M 0 8.51 B 70.95%
Weighting of Top 10 N/A 0.0% 100.0% 0.99%

Top 10 Holdings

  1. Federal National Mortgage Association 2.5% 47.29%
  2. Federal National Mortgage Association 2.5% 24.72%
  3. Federal National Mortgage Association 3% 21.90%
  4. Government National Mortgage Association 2.5% 20.18%
  5. Government National Mortgage Association 3% 14.87%
  6. Government National Mortgage Association 2.5% 12.76%

Asset Allocation

Weighting Return Low Return High GGIUX % Rank
Bonds
135.78% 0.00% 135.78% 0.95%
Other
0.46% -0.81% 24.29% 6.67%
Stocks
0.00% -0.01% 12.17% 19.52%
Preferred Stocks
0.00% 0.00% 0.01% 19.52%
Convertible Bonds
0.00% 0.00% 0.25% 23.81%
Cash
-36.24% -59.21% 100.00% 97.62%

Bond Sector Breakdown

Weighting Return Low Return High GGIUX % Rank
Securitized
95.16% 0.00% 98.03% 1.43%
Cash & Equivalents
4.70% 0.00% 100.00% 66.19%
Municipal
0.14% 0.00% 14.41% 24.29%
Derivative
0.00% 0.00% 8.89% 32.38%
Corporate
0.00% 0.00% 76.95% 39.52%
Government
0.00% 0.00% 100.00% 86.19%

Bond Geographic Breakdown

Weighting Return Low Return High GGIUX % Rank
US
131.12% 0.00% 134.92% 3.81%
Non US
4.66% 0.00% 4.77% 1.90%

Expenses

GGIUX - Expenses

Operational Fees

GGIUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.03% 2.72% 77.78%
Management Fee 0.34% 0.00% 0.85% 38.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GGIUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

GGIUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 421.00% 94.55%

Distributions

GGIUX - Distributions

Dividend Yield Analysis

GGIUX Category Low Category High GGIUX % Rank
Dividend Yield 0.00% 0.00% 2.27% 23.33%

Dividend Distribution Analysis

GGIUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

GGIUX Category Low Category High GGIUX % Rank
Net Income Ratio 2.11% 0.34% 3.60% 40.29%

Capital Gain Distribution Analysis

GGIUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

GGIUX - Fund Manager Analysis

Managers

Christopher Creed


Start Date

Tenure

Tenure Rank

Jul 29, 2009

11.1

11.1%

Mr. Creed joined Goldman Sachs & Co (New York) in 2008 as a member of the mortgage and asset-backed securities team. He is currently co-head of the Global Securitized Investment team and head of the Global Securitized Credit Investment team. He specializes in residential mortgage-backed securities. Prior to joining GSAM, he was a mortgage trader for 8 years in the Securities Division of Goldman Sachs where he traded Agency and Non-Agency CMOs, Mortgage Derivatives, ABS/MBS CDOs and Student Loans.

Christopher Hogan


Start Date

Tenure

Tenure Rank

Jul 29, 2009

11.1

11.1%

Mr. Hogan is co-head of the Global Securitized Investment team and head of the Agency MBS Investment team. He specializes in agency mortgage-backed securities. Prior to joining the fixed income team in 2003, Mr. Hogan worked in Private Wealth Management at Goldman Sachs.

Matthew Kaiser


Start Date

Tenure

Tenure Rank

Jul 29, 2015

5.1

5.1%

Matthew Kaiser, Managing Director of GSAM, is a portfolio manager on the Fixed Income team, focused on securitized and mortgage-backed securities portfolios. He is also responsible for the firm’s industry-leading BOLI (bank-owned life insurance) platform, advises on stable value, core, TIPS, and opportunistic mandates. Mr. Kaiser joined the firm as a managing director in 2009 and managed GSAM’s participation in the Federal Reserve’s program to invest in agency mortgage-backed securities. Mr. Kaiser earned a B.S. in Economics from the Wharton School, of the University of Pennsylvania, in 1982.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.32 29.89 8.46 5.6