GSBPX: Goldman Sachs US Mortgages P

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GSBPX Goldman Sachs US Mortgages P

  • Fund
  • GSBPX
  • Price as of: Dec 12, 2019
  • $10.46
    - $0.03 - 0.29%

Profile

GSBPX - Profile

Vitals

  • YTD Return 2.6%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 2.4%
  • Net Assets $483 M
  • Holdings in Top 10 200.8%

52 WEEK LOW AND HIGH

$10.46
$10.13
$10.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 963.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.89%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs U.S. Mortgages Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Apr 20, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter D. Dion

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

GSBPX - Fund Company Quick Screens


Performance

GSBPX - Performance

Return Ranking - Trailing

Period GSBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -0.1% 5.5% 80.00%
1 Yr 7.5% -2.0% 10.4% 9.26%
3 Yr 2.9%* -1.6% 3.7% 5.79%
5 Yr 2.4%* -2.0% 2.7% 2.30%
10 Yr 3.4%* -2.1% 3.6% 1.39%

* Annualized

Return Ranking - Calendar

Period GSBPX Return Category Return Low Category Return High Rank in Category (%)
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
2014 N/A -1.1% 13.7% N/A

Total Return Ranking - Trailing

Period GSBPX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% 0.2% 5.5% 81.86%
1 Yr 7.5% 0.6% 10.4% 6.94%
3 Yr 2.9%* -0.9% 3.7% 5.26%
5 Yr 2.4%* -2.0% 2.7% 2.30%
10 Yr 3.4%* -2.1% 3.6% 1.39%

* Annualized

Total Return Ranking - Calendar

Period GSBPX Return Category Return Low Category Return High Rank in Category (%)
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
2014 N/A -1.1% 17.2% N/A

NAV & Total Return History


Holdings

GSBPX - Holdings

Concentration Analysis

GSBPX Category Low Category High GSBPX % Rank
Net Assets 483 M 15.4 M 24.4 B 69.12%
Number of Holdings 791 2 15786 13.82%
Net Assets in Top 10 17.4 M 0 8.37 B 94.93%
Weighting of Top 10 200.77% 0.0% 200.8% 0.46%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 26.37%
  2. Federal National Mortgage Association 4.5% 22.12%
  3. Government National Mortgage Association 3% 20.06%
  4. Government National Mortgage Association 4.5% 15.21%
  5. Government National Mortgage Association 3% 14.75%

Asset Allocation

Weighting Return Low Return High GSBPX % Rank
Bonds
133.76% 0.00% 141.12% 3.23%
Stocks
0.00% -0.01% 13.31% 36.41%
Preferred Stocks
0.00% 0.00% 0.01% 37.79%
Other
0.00% -40.57% 16.30% 40.55%
Convertible Bonds
0.00% 0.00% 0.25% 38.71%
Cash
-33.75% -43.12% 100.00% 95.39%

Bond Sector Breakdown

Weighting Return Low Return High GSBPX % Rank
Securitized
132.43% 0.00% 155.37% 3.23%
Municipal
1.25% 0.00% 15.57% 15.21%
Corporate
0.13% 0.00% 10.08% 22.58%
Derivative
0.00% -13.80% 0.04% 35.02%
Government
-0.05% -14.27% 100.00% 92.63%
Cash & Equivalents
-33.75% -43.16% 100.00% 95.39%

Bond Geographic Breakdown

Weighting Return Low Return High GSBPX % Rank
US
132.06% 0.00% 139.74% 3.23%
Non US
1.70% 0.00% 6.18% 17.51%

Expenses

GSBPX - Expenses

Operational Fees

GSBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.00% 3.79% 73.73%
Management Fee 0.34% 0.00% 0.85% 44.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.45% N/A

Sales Fees

GSBPX 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

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

GSBPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 963.00% 0.00% 1482.00% 94.47%

Distributions

GSBPX - Distributions

Dividend Yield Analysis

GSBPX Category Low Category High GSBPX % Rank
Dividend Yield 1.94% 0.00% 2.69% 1.84%

Dividend Distribution Analysis

GSBPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

GSBPX Category Low Category High GSBPX % Rank
Net Income Ratio 2.89% 0.34% 3.03% 2.76%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GSBPX - Fund Manager Analysis

Managers

Peter D. Dion


Start Date

Tenure

Tenure Rank

Nov 03, 2003

16.08

16.1%

Dion is a vice president and portfolio manager with Goldman Sachs Asset Management, his employer since 1992. He specializes in asset-backed and commercial mortgage-backed securities. From 1994 to 1995 he was an associate portfolio manager. He became a portfolio manager in 1995.

Christopher J. Creed


Start Date

Tenure

Tenure Rank

Jul 29, 2009

10.35

10.4%

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 J. Hogan


Start Date

Tenure

Tenure Rank

Jul 29, 2009

10.35

10.4%

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 T. Kaiser


Start Date

Tenure

Tenure Rank

Jul 29, 2015

4.34

4.3%

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
0.1 29.13 7.83 4.85