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Trending ETFs

Goldman Sachs Enhanced Dividend Global Equity Portfolio

mutual fund
GAFPX
Payout Change
Pending
Price as of:
$13.96 +0.01 +0.07%
primary theme
N/A
share class
P (GAFPX) A (GADGX) Instl (GIDGX) R6 (GRGDX)
GAFPX (Mutual Fund)

Goldman Sachs Enhanced Dividend Global Equity Portfolio

Payout Change
Pending
Price as of:
$13.96 +0.01 +0.07%
primary theme
N/A
share class
P (GAFPX) A (GADGX) Instl (GIDGX) R6 (GRGDX)
GAFPX (Mutual Fund)

Goldman Sachs Enhanced Dividend Global Equity Portfolio

Payout Change
Pending
Price as of:
$13.96 +0.01 +0.07%
primary theme
N/A
share class
P (GAFPX) A (GADGX) Instl (GIDGX) R6 (GRGDX)

Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Enhanced Dividend Global Equity Portfolio

GAFPX | Fund

$13.96

$442 M

1.09%

$0.15

1.01%

Vitals

YTD Return

11.9%

1 yr return

13.2%

3 Yr Avg Return

5.7%

5 Yr Avg Return

8.7%

Net Assets

$442 M

Holdings in Top 10

97.8%

52 WEEK LOW AND HIGH

$14.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Enhanced Dividend Global Equity Portfolio

GAFPX | Fund

$13.96

$442 M

1.09%

$0.15

1.01%

GAFPX - Profile

Distributions

  • YTD Total Return 11.9%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.91%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Goldman Sachs Enhanced Dividend Global Equity Portfolio
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Apr 17, 2018
  • Shares Outstanding
    N/A
  • Share Class
    P
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Aron Kershner

Fund Description

The Fund seeks to achieve its investment objective by investing in securities or instruments and a combination of underlying funds that currently exist or that may become available for investment in the future for which Goldman Sachs Asset Management, L.P. (“GSAM”) or an affiliate now or in the future acts as investment adviser or principal underwriter (the “Underlying Funds”). Some of the Underlying Funds invest primarily in fixed income or money market instruments (the “Underlying Fixed Income Funds”) and other Underlying Funds invest primarily in equity securities (the “Underlying Equity Funds”).Under normal conditions, at least 80% of the Fund’s total assets measured at time of purchase (“Total Assets”) will be allocated among Underlying Funds. While it is expected that the Fund will invest primarily in the Underlying Funds, the Fund may also invest directly in other securities and instruments, including affiliated and/or unaffiliated exchange traded funds (“ETFs”). The Fund is intended for investors who seek current income.Additionally, under normal circumstances, the Fund intends to invest at least 80% of its net assets plus any borrowings for investment purposes (measured at time of purchase) (“Net Assets”) in Underlying Equity Funds and equity securities with a blend of domestic large-cap, small-cap and international exposure to seek capital appreciation. The Investment Adviser expects that the Fund will invest a relatively significant percentage of its equity allocation in the Goldman Sachs U.S. Equity Dividend and Premium Fund and Goldman Sachs International Equity Dividend and Premium Fund, which employ call writing strategies and have an emphasis on dividend paying stocks.In addition, under normal circumstances, the Fund will have a small strategic allocation in U.S. investment grade bonds. This strategic allocation will normally not exceed 10% of the Fund’s Total Assets and may consist of an investment in Underlying Fixed Income Funds or investments in other fixed income securities. This allocation in the Fund serves two purposes. First, it provides some ordinary income which can be netted against Fund expenses and may increase the net distributions of qualifying dividends (i.e., those dividends subject to the federal long-term capital gain tax rate). Second, it will provide the Investment Adviser with an allocation in which to implement its tactical views.Also under normal circumstances, the Fund invests up to 10% of its Total Assets to implement investment ideas that are generally derived from short-term or medium-term market views on a variety of asset classes and instruments (“Tactical Views”) generated by the Goldman Sachs Investment Strategy Group (“Investment Strategy Group”). This allocation serves three purposes. First, it enables the Investment Adviser to implement the Tactical Views generated by the Investment Strategy Group. Second, the Tactical View investments may provide some ordinary income and short-term gains against which Fund expenses can be netted. Finally, it may increase the net distributions of qualifying dividends. The Investment Adviser determines in its sole discretion how to implement Tactical Views in the Fund.Tactical Views are generally implemented by investing in any one or in any combination of the following securities and instruments: (i) U.S. and foreign equity securities, including common and preferred stocks; (ii) pooled investment vehicles including, but not limited to, unaffiliated investment companies, ETFs, exchange-traded notes (“ETNs”) and the Underlying Funds; (iii) fixed income instruments, which include, among others, debt issued by governments (including the U.S. and foreign governments), their agencies, instrumentalities, sponsored entities, and political subdivisions, notes, commercial paper, certificates of deposit, debt participations and non-investment grade securities (commonly known as “junk bonds”); and (iv) derivatives.The Investment Adviser will occasionally develop views regarding short-term expected returns, and may seek to temporarily change the allocations in the Fund in an attempt to improve short-term return. The Investment Adviser primarily implements such views through its Tactical View investments, but may also implement these views by selling and buying among the various Underlying Funds or by purchasing securities or other instruments, including ETFs. The Fund may discontinue any such tactical allocation in the future at the discretion of the Investment Adviser and without shareholder approval or notice.Under normal conditions, the Fund may have up to 20% of its Total Assets invested directly in securities and other instruments, including derivative instruments (such as swaps, forward currency contracts and futures contracts). These securities and other instruments may be denominated in currencies other than the U.S. dollar. Because the Investment Adviser may have both positive and negative views on stocks, the Fund may also establish short positions.The Fund’s benchmark index is the Enhanced Dividend Global Equity Composite Index (“EDGE Composite Index”), which is comprised of the Morgan Stanley Capital International All Country World Index Investable Market Index (“MSCI ACWI IMI”) (90%) and the Bloomberg U.S. Aggregate Bond Index (10%).
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GAFPX - Performance

Return Ranking - Trailing

Period GAFPX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.9% -35.6% 29.2% 27.74%
1 Yr 13.2% 17.3% 252.4% 75.00%
3 Yr 5.7%* -3.5% 34.6% 72.99%
5 Yr 8.7%* 0.1% 32.7% 74.23%
10 Yr N/A* -6.9% 18.3% 72.73%

* Annualized

Return Ranking - Calendar

Period GAFPX Return Category Return Low Category Return High Rank in Category (%)
2023 12.8% -24.3% 957.1% 71.16%
2022 -19.8% -38.3% 47.1% 83.69%
2021 9.1% -54.2% 0.6% N/A
2020 6.0% -76.0% 54.1% N/A
2019 14.2% -26.1% 47.8% N/A

Total Return Ranking - Trailing

Period GAFPX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.9% -35.6% 29.2% 28.52%
1 Yr 13.2% 11.4% 252.4% 70.68%
3 Yr 5.7%* -3.5% 34.6% 70.80%
5 Yr 8.7%* 0.1% 32.7% 72.89%
10 Yr N/A* -6.9% 18.3% 71.99%

* Annualized

Total Return Ranking - Calendar

Period GAFPX Return Category Return Low Category Return High Rank in Category (%)
2023 17.9% -24.3% 957.1% 71.16%
2022 -11.6% -33.1% 47.1% 84.07%
2021 18.4% -44.4% 1.8% N/A
2020 8.4% -6.5% 54.1% N/A
2019 19.1% -14.4% 47.8% N/A

NAV & Total Return History

GAFPX - Holdings

Concentration Analysis

GAFPX Category Low Category High GAFPX % Rank
Net Assets 442 M 199 K 133 B 50.55%
Number of Holdings 79 1 9075 91.08%
Net Assets in Top 10 436 M -18 M 37.6 B 26.76%
Weighting of Top 10 97.82% 9.1% 100.0% 2.17%

Top 10 Holdings

  1. Goldman Sachs US Equity Dividend and Premium Fund 59.75%
  2. Goldman Sachs International Equity Dividend and Premium Fund 19.56%
  3. Goldman Sachs Financial Square Government Fund 6.50%
  4. Goldman Sachs Small Cap Equity Insights Fund 5.67%
  5. Goldman Sachs International Small Cap Insights Fund 3.21%
  6. Goldman Sachs Emerging Markets Equity Insights Fund 2.57%
  7. iShares 7-10 Year Treasury Bond ETF 0.19%
  8. Consumer Staples Select Sector SPDR Fund 0.13%
  9. Sprott Physical Uranium Trust 0.13%
  10. Goldman Sachs Energy Infrastructure Fund 0.11%

Asset Allocation

Weighting Return Low Return High GAFPX % Rank
Stocks 		91.54% 61.84% 125.47% 99.67%
Cash 		8.80% -174.70% 23.12% 0.22%
Preferred Stocks 		0.00% -0.01% 5.28% 41.74%
Convertible Bonds 		0.00% 0.00% 4.46% 35.02%
Bonds 		0.00% -1.50% 161.67% 38.22%
Other 		-0.34% -13.98% 19.14% 0.44%

Stock Sector Breakdown

Weighting Return Low Return High GAFPX % Rank
Technology 		18.61% 0.00% 49.87% 55.40%
Financial Services 		14.80% 0.00% 38.42% 60.13%
Healthcare 		12.43% 0.00% 35.42% 56.61%
Consumer Cyclical 		10.88% 0.00% 40.94% 51.43%
Industrials 		10.58% 0.00% 44.06% 43.28%
Communication Services 		8.90% 0.00% 57.66% 55.84%
Consumer Defense 		5.56% 0.00% 73.28% 55.51%
Energy 		5.23% 0.00% 21.15% 20.93%
Real Estate 		4.92% 0.00% 39.48% 7.27%
Basic Materials 		4.40% 0.00% 38.60% 40.42%
Utilities 		3.68% 0.00% 29.12% 20.48%

Stock Geographic Breakdown

Weighting Return Low Return High GAFPX % Rank
US 		91.42% 0.13% 103.82% 31.17%
Non US 		0.13% 0.58% 99.46% 99.56%

GAFPX - Expenses

Operational Fees

GAFPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.01% 44.27% 96.58%
Management Fee 0.15% 0.00% 1.82% 6.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

GAFPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GAFPX 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.

GAFPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 395.00% 10.44%

GAFPX - Distributions

Dividend Yield Analysis

GAFPX Category Low Category High GAFPX % Rank
Dividend Yield 1.09% 0.00% 3.26% 34.68%

Dividend Distribution Analysis

GAFPX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Annually Annually

Net Income Ratio Analysis

GAFPX Category Low Category High GAFPX % Rank
Net Income Ratio 1.91% -4.27% 12.65% 17.05%

Capital Gain Distribution Analysis

GAFPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

GAFPX - Fund Manager Analysis

Managers

Aron Kershner

Start Date

Tenure

Tenure Rank

Dec 29, 2014

7.42

7.4%

Aron Kershner is a Portfolio Manager on the Quantitative Investment Strategies (QIS) team. Previously, he is a member of the Customized Beta Strategies team. Prior to working in the Customized Beta Strategies team, he spent two years as a member of the QIS Product Strategy team. Mr. Kershner joined Goldman Sachs Asset Management, L.P. in 2005.

John Sienkiewicz

Start Date

Tenure

Tenure Rank

Dec 27, 2019

2.43

2.4%

Mr. Sienkiewicz joined Goldman Sachs Asset Management in 2009.

Sergey Kraytman

Start Date

Tenure

Tenure Rank

Jan 14, 2022

0.38

0.4%

Mr. Kraytman is a portfolio manager within the GPS Team. He joined the Investment Adviser as an Analyst in 1999.

David Hale

Start Date

Tenure

Tenure Rank

Jan 14, 2022

0.38

0.4%

David Hale, CFA and Vice President, is a portfolio manager within the GPS Team. He joined Goldman Sachs Asset Management, L.P. in 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25

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