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Mutual Fund Distributions: How Capital Gain Distributions Are Taxed
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Goldman Sachs Mid Cap Value Instl
- GSMCX
- Price as of: Oct 29, 2020
-
$31.39
N/A N/A
- Primary Theme
- U.S. Mid-Cap Blend Equity
- Fund Company
- Goldman Sachs
- Share Class
GSMCX - Snapshot
Vitals
- YTD Return -8.1%
- 3 Yr Annualized Return 3.7%
- 5 Yr Annualized Return 6.2%
- Net Assets $936 M
- Holdings in Top 10 16.3%
52 WEEK LOW AND HIGH
$31.39
$20.29
$35.33
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.84%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 82.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Mid-Cap Blend Equity
- Fund Type Open End Mutual Fund
- Investment Style Mid-Cap Blend
GSMCX - Profile
Distributions
- YTD Total Return -8.1%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 6.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.89%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGoldman Sachs Mid Cap Value Fund
-
Fund Family NameGoldman Sachs
-
Inception DateAug 01, 1995
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSung Cho
Fund Description
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in a diversified portfolio of equity investments in mid-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap® Value Index at the time of investment. Although it will invest primarily in publicly traded U.S. securities, the fund may invest in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.
GSMCX - Performance
Return Ranking - Trailing
| Period | GSMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -8.1% | -29.6% | 2012.3% | 64.75% |
| 1 Yr | -4.9% | -17.7% | 21.6% | 79.95% |
| 3 Yr | 3.7%* | -5.6% | 14.3% | 42.78% |
| 5 Yr | 6.2%* | 0.4% | 13.5% | 67.90% |
| 10 Yr | 8.7%* | 4.3% | 13.4% | 68.46% |
* Annualized
Return Ranking - Calendar
| Period | GSMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 27.6% | -8.5% | 35.6% | 15.74% |
| 2018 | -23.8% | -77.7% | -0.9% | 74.87% |
| 2017 | -4.2% | -62.4% | 21.5% | 94.15% |
| 2016 | 11.7% | -16.4% | 28.1% | 41.53% |
| 2015 | -20.1% | -40.7% | 2.9% | 90.60% |
Total Return Ranking - Trailing
| Period | GSMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -8.1% | -29.6% | 2012.3% | 64.03% |
| 1 Yr | -4.9% | -19.6% | 21.6% | 74.51% |
| 3 Yr | 3.7%* | -6.8% | 14.3% | 40.61% |
| 5 Yr | 6.2%* | 0.0% | 13.5% | 64.67% |
| 10 Yr | 8.7%* | 4.3% | 13.4% | 67.00% |
* Annualized
Total Return Ranking - Calendar
| Period | GSMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 27.6% | -8.5% | 35.6% | 15.74% |
| 2018 | -10.5% | -44.3% | 0.1% | 19.11% |
| 2017 | 11.1% | -62.4% | 24.9% | 69.01% |
| 2016 | 13.3% | -4.7% | 28.1% | 53.82% |
| 2015 | -9.1% | -40.3% | 3.9% | 66.92% |
NAV & Total Return History
GSMCX - Holdings
Concentration Analysis
| GSMCX | Category Low | Category High | GSMCX % Rank | |
|---|---|---|---|---|
| Net Assets | 936 M | 116 K | 113 B | 29.86% |
| Number of Holdings | 116 | 1 | 3281 | 45.92% |
| Net Assets in Top 10 | 152 M | 0 | 9.52 B | 30.30% |
| Weighting of Top 10 | 16.29% | 2.3% | 100.0% | 60.98% |
Top 10 Holdings
- Zimmer Biomet Holdings Inc 2.11%
- AMETEK Inc 1.87%
- Marvell Technology Group Ltd 1.80%
- Stanley Black & Decker Inc 1.77%
- M&T Bank Corp 1.63%
- Agilent Technologies Inc 1.57%
- ITT Inc 1.52%
- Ameren Corp 1.50%
- Packaging Corp of America 1.50%
- Catalent Inc 1.50%
Asset Allocation
| Weighting | Return Low | Return High | GSMCX % Rank | |
|---|---|---|---|---|
| Stocks | 99.15% | 0.00% | 100.22% | 45.22% |
| Cash | 0.85% | -0.22% | 100.00% | 52.45% |
| Preferred Stocks | 0.00% | 0.00% | 10.03% | 34.03% |
| Other | 0.00% | -1.03% | 9.79% | 32.40% |
| Convertible Bonds | 0.00% | 0.00% | 4.38% | 31.00% |
| Bonds | 0.00% | 0.00% | 59.95% | 36.36% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSMCX % Rank | |
|---|---|---|---|---|
| Industrials | 15.63% | 0.00% | 50.75% | 57.94% |
| Financial Services | 14.65% | 1.50% | 42.16% | 29.44% |
| Consumer Cyclical | 13.99% | 0.00% | 47.64% | 48.83% |
| Technology | 10.72% | 0.00% | 32.41% | 84.11% |
| Utilities | 9.92% | 0.00% | 16.65% | 3.50% |
| Real Estate | 9.85% | 0.00% | 19.29% | 11.45% |
| Healthcare | 7.95% | 0.00% | 22.04% | 80.14% |
| Communication Services | 5.12% | 0.00% | 33.05% | 31.07% |
| Consumer Defense | 4.89% | 0.00% | 21.55% | 51.17% |
| Basic Materials | 4.67% | 0.00% | 26.89% | 38.79% |
| Energy | 2.60% | 0.00% | 27.97% | 24.07% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSMCX % Rank | |
|---|---|---|---|---|
| US | 94.86% | 0.00% | 100.01% | 59.21% |
| Non US | 4.29% | 0.00% | 33.32% | 30.30% |
GSMCX - Expenses
Operational Fees
| GSMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.84% | 0.02% | 19.45% | 67.73% |
| Management Fee | 0.75% | 0.00% | 1.50% | 64.65% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 2.91% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| GSMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
| GSMCX 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.
| GSMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 82.00% | 0.01% | 453.00% | 83.25% |
GSMCX - Distributions
Dividend Yield Analysis
| GSMCX | Category Low | Category High | GSMCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.50% | 40.74% |
Dividend Distribution Analysis
| GSMCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| GSMCX | Category Low | Category High | GSMCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.89% | -1.52% | 3.05% | 36.08% |
Capital Gain Distribution Analysis
| GSMCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 20, 2018 | $0.269 |
| Dec 21, 2017 | $0.348 |
| Dec 21, 2016 | $0.551 |
| Dec 22, 2015 | $0.259 |
| Dec 05, 2014 | $0.400 |
| Dec 06, 2013 | $0.415 |
| Dec 06, 2012 | $0.490 |
| Dec 08, 2011 | $0.320 |
| Dec 09, 2010 | $0.261 |
| Dec 09, 2009 | $0.382 |
| Dec 10, 2008 | $0.420 |
| Dec 11, 2003 | $0.240 |
| Dec 13, 2000 | $0.198 |
GSMCX - Fund Manager Analysis
Managers
Sung Cho
Start Date
Tenure
Tenure Rank
Sep 01, 2015
5.08
5.1%
Sung Cho joined the Goldman Sachs Asset Management, LP in 2004. Sung is a portfolio manager on the US Value Equity Team, where he has broad research responsibilities across the value strategies. Previously, he supported the CEO, COO and CAO of the GSAM Fundamental Equity business on strategic projects. From 2004-2006, Sung worked in the IMD Finance and Strategy team supporting divisional management in a similar capacity. Before joining Goldman Sachs, Sung was a management consultant focused on Strategy and Operations at Deloitte Consulting. Sung earned his B.A. at Dartmouth College in Applied Mathematics. He received his Chartered Financial Analyst designation in 2008.
Adam Agress
Start Date
Tenure
Tenure Rank
Dec 29, 2017
2.76
2.8%
Adam Agress is a portfolio manager on the US Value Equity Team for Goldman Sachs Asset Management, L.P., where he has broad research responsibilities across the value strategies. Adam was previously a research analyst on the team from 2007-2010 and a portfolio manager from 2010-2011, before joining Luxor Capital Group in 2015. Prior to business school, he worked in advertising at Ogilvy & Mather.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 36.78 | 6.1 | 4.12 |
