GGTPX: Goldman Sachs Government Income P

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GGTPX Goldman Sachs Government Income P

  • Fund
  • GGTPX
  • Price as of: Jan 16, 2020
  • $14.95
    - $0.01 - 0.07%

Profile

GGTPX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $304 M
  • Holdings in Top 10 161.7%

52 WEEK LOW AND HIGH

$14.95
$14.31
$15.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.77%

SALES FEES

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

BROKERAGE FEES

  • Turnover 530.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.35%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Government Income Fund Class P
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Apr 20, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Swell

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) in securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises and in repurchase agreements collateralized by such securities. Its investments in non-U.S. government securities must be rated AAA or Aaa by a nationally recognized statistical rating organization at the time of purchase, or, if unrated, must be determined by the Investment Adviser to be of comparable credit quality.


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Categories

Fund Company Quick Screens

GGTPX - Fund Company Quick Screens


Performance

GGTPX - Performance

Return Ranking - Trailing

Period GGTPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% 0.0% 0.8% 36.53%
1 Yr 4.4% 0.2% 7.2% 49.77%
3 Yr N/A* -1.2% 3.5% 8.02%
5 Yr N/A* -1.9% 2.6% 10.98%
10 Yr N/A* -2.1% 3.9% 12.86%

* Annualized

Return Ranking - Calendar

Period GGTPX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.4% 4.9% 35.02%
2018 N/A -3.4% -0.7% N/A
2017 N/A -2.3% 0.9% N/A
2016 N/A -3.3% 1.4% N/A
2015 N/A -4.5% 0.2% N/A

Total Return Ranking - Trailing

Period GGTPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% 0.0% 0.8% 36.53%
1 Yr 4.4% -0.4% 7.2% 43.78%
3 Yr N/A* -0.8% 3.5% 8.56%
5 Yr N/A* -1.9% 2.6% 10.98%
10 Yr N/A* -2.1% 3.9% 14.29%

* Annualized

Total Return Ranking - Calendar

Period GGTPX Return Category Return Low Category Return High Rank in Category (%)
2019 3.7% -0.2% 4.9% 38.71%
2018 N/A -3.4% 3.0% N/A
2017 N/A -2.0% 2.8% N/A
2016 N/A -3.3% 1.5% N/A
2015 N/A -4.5% 2.0% N/A

NAV & Total Return History


Holdings

GGTPX - Holdings

Concentration Analysis

GGTPX Category Low Category High GGTPX % Rank
Net Assets 304 M 1.61 M 24.4 B 76.71%
Number of Holdings 382 2 15786 55.71%
Net Assets in Top 10 70.7 M 0 8.37 B 77.63%
Weighting of Top 10 161.67% 0.0% 200.8% 5.02%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 26.78%
  2. Federal National Mortgage Association 3% 26.78%
  3. Federal National Mortgage Association 4% 18.23%
  4. Federal National Mortgage Association 4% 18.23%
  5. Government National Mortgage Association 3% 14.04%
  6. Government National Mortgage Association 3% 14.04%
  7. United States Treasury Bills 0% 13.00%
  8. Federal National Mortgage Association 4.5% 10.27%
  9. Federal National Mortgage Association 4.5% 10.27%
  10. Government National Mortgage Association 3% 10.02%

Asset Allocation

Weighting Return Low Return High GGTPX % Rank
Bonds
127.72% 0.00% 141.12% 11.87%
Stocks
0.00% 0.00% 13.51% 52.97%
Preferred Stocks
0.00% 0.00% 0.01% 52.97%
Other
0.00% -36.86% 2.01% 54.34%
Convertible Bonds
0.00% 0.00% 0.25% 53.88%
Cash
-27.72% -43.12% 100.00% 89.50%

Bond Sector Breakdown

Weighting Return Low Return High GGTPX % Rank
Securitized
74.74% 0.00% 118.57% 33.33%
Government
24.00% 0.00% 100.00% 57.08%
Municipal
0.80% 0.00% 14.98% 13.24%
Cash & Equivalents
0.46% -28.81% 100.00% 94.06%
Derivative
0.00% -0.01% 10.53% 57.99%
Corporate
0.00% 0.00% 10.08% 70.78%

Bond Geographic Breakdown

Weighting Return Low Return High GGTPX % Rank
US
125.21% 0.00% 139.33% 11.87%
Non US
2.51% 0.00% 20.69% 5.94%

Expenses

GGTPX - Expenses

Operational Fees

GGTPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.00% 3.79% 53.42%
Management Fee 0.53% 0.00% 0.85% 89.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GGTPX 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

GGTPX 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.

GGTPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 530.00% 0.00% 1482.00% 79.00%

Distributions

GGTPX - Distributions

Dividend Yield Analysis

GGTPX Category Low Category High GGTPX % Rank
Dividend Yield 1.22% 0.00% 2.68% 11.87%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GGTPX Category Low Category High GGTPX % Rank
Net Income Ratio 2.35% 0.34% 3.03% 31.51%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GGTPX - Fund Manager Analysis

Managers

Michael Swell


Start Date

Tenure

Tenure Rank

Mar 31, 2009

10.76

10.8%

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.

Mark Van Wyk


Start Date

Tenure

Tenure Rank

Jan 13, 2010

9.97

10.0%

Mr. Van Wyk is the Head of the Government and Agency team and specializes in U.S. government and financial derivatives. Mr. Van Wyk joined Goldman Sachs Asset Management, L.P in 1994.

Matthew Kaiser


Start Date

Tenure

Tenure Rank

Jul 29, 2016

3.42

3.4%

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
0.19 29.22 7.98 4.93