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GIMDX Goldman Sachs Local Emerg Mkts Dbt Instl

  • Fund
  • GIMDX
  • Price as of: Jul 10, 2019
  • $6.07 + $0.04 + 0.66%
  • Category
  • Emerging Markets Bonds

GIMDX - Profile

Vitals

  • YTD Return 8.2%
  • 3 Yr Annualized Return -2.3%
  • 5 Yr Annualized Return -6.9%
  • Net Assets $162 M
  • Holdings in Top 10 28.9%

52 WEEK LOW AND HIGH

$6.07
$5.31
$6.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 117.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$0

Investment Themes

CATEGORY

Emerging Markets Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Emerging-Markets Local-Currency Bond

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return -6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.33%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Goldman Sachs Local Emerging Markets Debt Fund
  • Fund Family Name Goldman Sachs
  • Inception Date Feb 15, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Ricardo Penfold

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 sovereign and corporate debt securities of issuers in emerging market countries, denominated in the local currency of such emerging market countries, and other instruments, including credit linked notes and other investments, with similar economic exposures. It is non-diversified.

GIMDX - Performance

Return Ranking - Trailing

Period GIMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% 1.1% 10.0% 11.82%
1 Yr 3.2% -14.0% 7.9% 27.31%
3 Yr -2.3%* -7.7% 41.1% 90.65%
5 Yr -6.9%* -10.4% 21.2% 89.00%
10 Yr -3.0%* -4.6% 14.7% 94.92%

* Annualized


Return Ranking - Calendar

Period GIMDX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.9% -19.3% -2.8% 94.91%
2017 10.0% -9.1% 35.5% 7.41%
2016 2.4% -5.2% 219.0% 82.24%
2015 -20.9% -26.3% 0.9% 94.86%
2014 -12.6% -22.4% 78.2% 96.95%

Total Return Ranking - Trailing

Period GIMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% 1.1% 10.2% 16.36%
1 Yr 3.2% -14.0% 9.5% 39.81%
3 Yr -2.3%* -4.3% 47.7% 95.79%
5 Yr -6.9%* -7.2% 28.1% 96.65%
10 Yr -2.8%* -4.1% 23.6% 98.31%

* Annualized


Total Return Ranking - Calendar

Period GIMDX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.9% -19.3% 0.0% 96.30%
2017 10.0% 1.3% 36.0% 34.72%
2016 2.4% -3.5% 242.1% 89.72%
2015 -20.9% -26.3% 7.1% 96.26%
2014 -12.6% -22.2% 78.2% 96.95%

NAV & Total Return History

GIMDX - Holdings

Concentration Analysis

GIMDX Category Low Category High GIMDX % Rank
Net Assets 162 M 1.65 M 8.69 B 54.30%
Number of Holdings 467 4 908 17.19%
Net Assets in Top 10 55.8 M 1.47 M 1.62 B 44.34%
Weighting of Top 10 28.89% 5.3% 342.5% 37.10%

Top 10 Holdings

  1. Brazil (Federative Republic) 10% 3.73%

  2. Secretaria Tesouro Nacional 10% 3.43%

  3. Thailand(Kingdom) 3.78% 3.33%

  4. Poland (Republic of) 2.5% 3.18%

  5. Secretaria Tesouro Nacional 0% 2.87%

  6. Jpmorgan Chase Bank, Nation 8.75% 17 May 2031 144a 2.78%

  7. Republic of South Africa 8.5% 2.53%

  8. Russian Federation 6.9% 2.42%

  9. Republic of Colombia 7% 2.32%

  10. Republic of Colombia 11% 2.30%


Asset Allocation

Weighting Return Low Return High GIMDX % Rank
Bonds
89.56% 0.00% 122.39% 78.73%
Cash
10.15% -105.39% 41.25% 17.65%
Convertible Bonds
0.44% 0.00% 8.89% 22.62%
Stocks
0.00% -0.74% 99.94% 57.92%
Preferred Stocks
0.00% 0.00% 1.37% 48.42%
Other
-0.15% -4.05% 9.35% 97.74%

Bond Sector Breakdown

Weighting Return Low Return High GIMDX % Rank
Government
74.82% 0.00% 99.42% 38.46%
Corporate
10.67% 0.00% 90.21% 75.11%
Cash & Equivalents
10.32% -104.31% 41.25% 15.38%
Municipal
0.50% 0.00% 0.80% 2.71%
Securitized
0.00% 0.00% 35.33% 53.39%
Derivative
-0.30% -21.39% 20.63% 87.33%

Bond Geographic Breakdown

Weighting Return Low Return High GIMDX % Rank
Non US
85.47% 0.00% 154.25% 66.52%
US
4.09% -60.44% 77.37% 45.70%

GIMDX - Expenses

Operational Fees

GIMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.29% 1595.87% 70.59%
Management Fee 0.80% 0.00% 1.30% 70.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.60% N/A

Sales Fees

GIMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GIMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.75% 2.00% 33.33%

Turnover 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.

GIMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 117.00% 4.00% 436.00% 78.28%

GIMDX - Distributions

Dividend Yield Analysis

GIMDX Category Low Category High GIMDX % Rank
Dividend Yield 0.03% 0.00% 3.22% 59.28%

Dividend Distribution Analysis

GIMDX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

GIMDX Category Low Category High GIMDX % Rank
Net Income Ratio 6.33% 0.31% 8.90% 5.88%

Capital Gain Distribution Analysis

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

GIMDX - Managers

Ricardo Penfold

Manager

Start Date

Tenure

Tenure Rank

Feb 15, 2008

11.38

11.4%

Penfold is vice president at GSAM,and he joined GSAM in 2000.Prior to that he was head of Research and Economics in Venezuela for Santander Investments and Banco Santander Central Hispano for four years.


Samuel Finkelstein

Manager

Start Date

Tenure

Tenure Rank

Feb 15, 2008

11.38

11.4%

Samuel Finkelstein is head of Currency, Commodities and Emerging Market Debt strategy teams within the Global Fixed Income team in GSAM. He is also a member of the Fixed Income Strategy Group. Mr. Finkelstein joined Goldman Sachs in 1997 as an analyst in Fixed Income Asset Management. He worked on the Fixed Income portfolio risk and strategy team for two years and then became an emerging market portfolio manager. Mr. Finkelstein was named managing director in 2005 and partner in 2010. Prior to joining the firm, he worked as a foreign exchange trader at Union Bank of Switzerland. Mr. Finkelstein earned an MBA from the Stern School of Business at New York University and a BA in Economics and Mathematics from Yale University in 1996.


Tenure Analysis

Category Low

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A