Goldman Sachs Strategic Income P
- GSOPX
- Price as of: Apr 09, 2021
-
$9.45
N/A N/A
- Primary Theme
- Bond Sector Diversified
- Fund Company
- Goldman Sachs
- Share Class
GSOPX - Snapshot
Vitals
- YTD Return -3.0%
- 3 Yr Annualized Return 3.3%
- 5 Yr Annualized Return 2.9%
- Net Assets $917 M
- Holdings in Top 10 N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.69%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 491.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
Bond Sector Diversified
- Fund Type Open End Mutual Fund
- Investment Style Nontraditional Bond
GSOPX - Profile
Distributions
- YTD Total Return -3.0%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.18%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGoldman Sachs Strategic Income Fund
-
Fund Family NameGoldman Sachs
-
Inception DateApr 20, 2018
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Swell
Fund Description
The fund invests in a broadly diversified portfolio of U.S. and foreign investment grade and non-investment grade fixed income investments including, but not limited to: U.S. government securities, non-U.S. sovereign debt, agency securities, corporate debt securities, privately issued adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities, asset-backed securities, custodial receipts, municipal securities, loan participations and loan assignments and convertible securities.
GSOPX - Performance
Return Ranking - Trailing
Period | GSOPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.0% | -23.4% | 20.1% | 93.77% |
1 Yr | 15.5% | -25.3% | 74.1% | 49.05% |
3 Yr | 3.3%* | -11.1% | 10.9% | 65.56% |
5 Yr | 2.9%* | -13.4% | 14.7% | 83.61% |
10 Yr | 2.7%* | -1.7% | 12.6% | 76.99% |
* Annualized
Return Ranking - Calendar
Period | GSOPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 5.2% | -49.2% | 314.3% | 16.91% |
2019 | 2.4% | -35.1% | 15.3% | 73.99% |
2018 | N/A | -48.0% | 3.1% | N/A |
2017 | N/A | -14.8% | 11.2% | N/A |
2016 | N/A | -11.2% | 10.7% | N/A |
Total Return Ranking - Trailing
Period | GSOPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.0% | -23.4% | 20.1% | 93.77% |
1 Yr | 15.5% | -29.6% | 74.1% | 42.16% |
3 Yr | 3.3%* | -12.8% | 10.9% | 60.19% |
5 Yr | 2.9%* | -14.4% | 14.7% | 81.59% |
10 Yr | 2.7%* | -1.7% | 12.6% | 73.86% |
* Annualized
Total Return Ranking - Calendar
Period | GSOPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 5.2% | -49.2% | 314.3% | 16.91% |
2019 | 2.8% | -35.1% | 15.3% | 73.21% |
2018 | N/A | -48.0% | 8.0% | N/A |
2017 | N/A | -14.8% | 15.2% | N/A |
2016 | N/A | -11.2% | 17.7% | N/A |
NAV & Total Return History
GSOPX - Holdings
Concentration Analysis
GSOPX | Category Low | Category High | GSOPX % Rank | |
---|---|---|---|---|
Net Assets | 917 M | 198 K | 135 B | 41.14% |
Number of Holdings | 1106 | 3 | 7706 | 21.00% |
Net Assets in Top 10 | 259 M | -3.06 B | 25.1 B | 34.05% |
Weighting of Top 10 | N/A | 4.2% | 100.0% | 6.25% |
Top 10 Holdings
- Federal National Mortgage Association 2.5% 41.94%
- Government National Mortgage Association 2.5% 25.59%
- Government National Mortgage Association 2.5% 23.34%
- Government National Mortgage Association 2.5% 22.79%
- Federal National Mortgage Association 2.5% 20.88%
- Government National Mortgage Association 2% 20.30%
- Federal National Mortgage Association 2% 20.15%
- Government National Mortgage Association 2.5% 19.06%
- Government National Mortgage Association 2.5% 14.02%
- Government National Mortgage Association 2% 13.88%
Asset Allocation
Weighting | Return Low | Return High | GSOPX % Rank | |
---|---|---|---|---|
Bonds | 129.90% | -169.38% | 315.11% | 4.44% |
Convertible Bonds | 0.95% | 0.00% | 179.84% | 63.26% |
Other | 0.46% | -41.76% | 106.30% | 19.38% |
Stocks | 0.00% | -91.60% | 224.88% | 94.62% |
Preferred Stocks | 0.00% | 0.00% | 33.95% | 96.23% |
Cash | -31.31% | -220.60% | 278.23% | 95.69% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GSOPX % Rank | |
---|---|---|---|---|
Securitized | 64.95% | 0.00% | 99.82% | 9.56% |
Corporate | 22.22% | 0.00% | 100.00% | 70.93% |
Cash & Equivalents | 10.02% | 0.00% | 100.00% | 35.26% |
Government | 1.65% | 0.00% | 98.91% | 75.24% |
Derivative | 0.71% | 0.00% | 61.35% | 37.69% |
Municipal | 0.45% | 0.00% | 42.12% | 24.23% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GSOPX % Rank | |
---|---|---|---|---|
US | 107.25% | -169.57% | 168.96% | 3.77% |
Non US | 22.65% | 0.00% | 151.10% | 45.76% |
GSOPX - Expenses
Operational Fees
GSOPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.69% | 0.01% | 6.50% | 84.35% |
Management Fee | 0.55% | 0.00% | 2.25% | 40.63% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
GSOPX 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% | 5.50% | N/A |
Trading Fees
GSOPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.40% | 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.
GSOPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 491.00% | 0.00% | 498.00% | 98.92% |
GSOPX - Distributions
Dividend Yield Analysis
GSOPX | Category Low | Category High | GSOPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.31% | 92.28% |
Dividend Distribution Analysis
GSOPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
GSOPX | Category Low | Category High | GSOPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.18% | -1.28% | 18.14% | 53.03% |
Capital Gain Distribution Analysis
GSOPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 29, 2019 | $0.026 |
Mar 01, 2019 | $0.026 |
Jan 31, 2019 | $0.032 |
Dec 31, 2018 | $0.032 |
Nov 30, 2018 | $0.038 |
Oct 31, 2018 | $0.024 |
Aug 31, 2018 | $0.028 |
Jul 31, 2018 | $0.028 |
Jun 29, 2018 | $0.031 |
May 31, 2018 | $0.024 |
Apr 30, 2018 | $0.024 |
GSOPX - Fund Manager Analysis
Managers
Michael Swell
Start Date
Tenure
Tenure Rank
Jun 30, 2010
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.
Ashish Shah
Start Date
Tenure
Tenure Rank
Jan 01, 2019
2.25
2.3%
Mr. Shah is Co-Chief Investment Officer of Global Fixed Income, Global Head of Corporate Credit and Head of the Cross-Sector Strategy within Fixed Income. Mr. Shah joined Goldman Sachs Asset Management, L.P. in 2018. Mr. Shah was previously at AllianceBernstein from 2010 to 2018, where he was most recently the Head of Fixed Income and Chief Investment Officer of Global Credit. Prior to AB, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008–2010), where he was responsible for the High Grade, High Yield, Structured Credit and Municipal Strategy groups and the Special Situations Research team. From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers, leading the Structured Credit/CDO and Credit Strategy groups and covering the cash bond, credit derivatives and CDO product areas for global credit investors. He holds a BS in economics from the Wharton School of the University of Pennsylvania.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 27.27 | 5.4 | 2.25 |