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Goldman Sachs Dynamic Global Equity Fund
mutual fund
GAPUX
Payout Change
Pending
Price as of:
$23.37
-0.15
-0.64%
primary theme
N/A
GAPUX (Mutual Fund)
Goldman Sachs Dynamic Global Equity Fund
Payout Change
Pending
Price as of:
$23.37
-0.15
-0.64%
primary theme
N/A
GAPUX (Mutual Fund)
Goldman Sachs Dynamic Global Equity Fund
Payout Change
Pending
Price as of:
$23.37
-0.15
-0.64%
primary theme
N/A
Name
As of 12/10/2024Price
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
Vitals
YTD Return
22.0%
1 yr return
26.3%
3 Yr Avg Return
8.6%
5 Yr Avg Return
10.9%
Net Assets
$342 M
Holdings in Top 10
88.2%
52 WEEK LOW AND HIGH
$23.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 4.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
GAPUX - Profile
Distributions
- YTD Total Return 22.0%
- 3 Yr Annualized Total Return 8.6%
- 5 Yr Annualized Total Return 10.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.66%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGoldman Sachs Dynamic Global Equity Fund
-
Fund Family NameGoldman Sachs
-
Inception DateJul 31, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNeill Nuttall
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 a diversified portfolio of global equity asset classes. Such investments may include underlying funds (including exchange-traded funds (“ETFs”)), futures, forwards, options and other instruments with similar economic exposures. The Fund may invest in 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 the “Investment Adviser”) or an affiliate now or in the future acts as investment adviser or principal underwriter.The Fund uses derivatives for both hedging and non-hedging purposes. The Fund’s use of derivatives may include: (i) futures contracts, including futures based on equity indices; (ii) options, including long and short positions in call options and put options on indices, individual securities or currencies, and options on futures contracts; (iii) currency forwards and non-deliverable forwards; (iv) swaps, including equity, currency, interest rate, total return, and credit default swaps; and (v) interest rate derivatives (for hedging or when risk assets decline in value) to gain exposure to securities in the global asset classes. Given the dynamic nature of the Investment Adviser’s process and the underlying exposures within the Fund, the Fund’s overall exposure to derivative instruments will vary over time. As a result of the Fund’s use of derivatives, the Fund may also hold significant amounts of U.S. Treasuries or short-term investments, including money market funds, repurchase agreements, cash and time deposits.The Fund may use leverage (e.g., by borrowing or through derivatives). As a result, the sum of the Fund’s investment exposures may at times exceed the amount of assets invested in the Fund, although these exposures may vary over time.The Fund intends to have investments economically tied to at least three countries, including the United States, and may invest in the securities of issuers economically tied to emerging market countries. The Fund seeks broad representation of large-cap and mid-cap issuers across major countries and sectors of the international economy, with some exposure to small-cap issuers.Unless otherwise stated herein, the Fund’s investment in any of the underlying funds may exceed 25% of its Net Assets. The Investment Adviser expects that the Fund may invest a relatively significant percentage of its assets in the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF, Goldman Sachs ActiveBeta® Emerging Markets Equity ETF, Goldman Sachs ActiveBeta® International Equity ETF, Goldman Sachs MarketBeta Emerging Markets Equity ETF, and Goldman Sachs MarketBeta International Equity ETF, and the Goldman Sachs Large Cap Growth Insights, Goldman Sachs Large Cap Value Insights, Goldman Sachs International Equity Insights, Goldman Sachs Small Cap Equity Insights, Goldman Sachs International Small Cap Insights, Goldman Sachs Emerging Markets Equity Insights, Goldman Sachs Global Real Estate Securities, and Goldman Sachs Global Infrastructure Funds.The Investment Adviser generally expects to identify investments using a dynamic management approach. This approach considers global equity and downside risks. The Investment Adviser will consider these risks in terms of the desired market exposure for a given global equity asset class.The Fund’s benchmark index is the MSCI All Country World Index (ACWI) (Net, USD, Unhedged) (the “MSCI® ACWI Index”).THE PARTICULAR UNDERLYING FUNDS IN WHICH THE FUND MAY INVEST MAY BE CHANGED FROM TIME TO TIME WITHOUT SHAREHOLDER APPROVAL OR NOTICE.
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GAPUX - Performance
Return Ranking - Trailing
| Period | GAPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.0% | -35.6% | 29.2% | 18.46% |
| 1 Yr | 26.3% | 17.3% | 252.4% | 43.30% |
| 3 Yr | 8.6%* | -3.5% | 34.6% | 61.44% |
| 5 Yr | 10.9%* | 0.1% | 32.7% | 48.05% |
| 10 Yr | N/A* | -6.9% | 18.3% | 49.17% |
* Annualized
Return Ranking - Calendar
| Period | GAPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.5% | -24.3% | 957.1% | 57.33% |
| 2022 | -23.8% | -38.3% | 47.1% | 64.22% |
| 2021 | 7.0% | -54.2% | 0.6% | 40.92% |
| 2020 | 10.6% | -76.0% | 54.1% | 21.38% |
| 2019 | 18.9% | -26.1% | 47.8% | 22.01% |
Total Return Ranking - Trailing
| Period | GAPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.0% | -35.6% | 29.2% | 19.13% |
| 1 Yr | 26.3% | 11.4% | 252.4% | 39.66% |
| 3 Yr | 8.6%* | -3.5% | 34.6% | 59.25% |
| 5 Yr | 10.9%* | 0.1% | 32.7% | 46.17% |
| 10 Yr | N/A* | -6.9% | 18.3% | 48.61% |
* Annualized
Total Return Ranking - Calendar
| Period | GAPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.7% | -24.3% | 957.1% | 57.33% |
| 2022 | -19.0% | -33.1% | 47.1% | 64.60% |
| 2021 | 20.5% | -44.4% | 1.8% | 59.49% |
| 2020 | 13.6% | -6.5% | 54.1% | 25.62% |
| 2019 | 26.1% | -14.4% | 47.8% | 18.82% |
NAV & Total Return History
GAPUX - Holdings
Concentration Analysis
| GAPUX | Category Low | Category High | GAPUX % Rank | |
|---|---|---|---|---|
| Net Assets | 342 M | 199 K | 133 B | 37.94% |
| Number of Holdings | 181 | 1 | 9075 | 51.98% |
| Net Assets in Top 10 | 338 M | -18 M | 37.6 B | 19.16% |
| Weighting of Top 10 | 88.24% | 9.1% | 100.0% | 2.97% |
Top 10 Holdings
- Goldman Sachs MarketBeta US Equity ETF 19.12%
- Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.91%
- Goldman Sachs MarketBeta International Equity ETF 12.07%
- Goldman Sachs Large Cap Growth Insights Fund 9.48%
- Goldman Sachs Large Cap Value Insights Fund 7.49%
- Goldman Sachs International Equity Insights Fund 6.23%
- Goldman Sachs ActiveBeta International Equity ETF 5.71%
- Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.21%
- Goldman Sachs Financial Square Government Fund 4.48%
- Goldman Sachs Emerging Markets Equity Insights Fund 2.53%
Asset Allocation
| Weighting | Return Low | Return High | GAPUX % Rank | |
|---|---|---|---|---|
| Stocks | 95.31% | 61.84% | 125.47% | 93.72% |
| Cash | 3.66% | -174.70% | 23.12% | 3.85% |
| Other | 1.03% | -13.98% | 19.14% | 21.81% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 15.09% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 34.25% |
| Bonds | 0.00% | -1.50% | 161.67% | 37.56% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GAPUX % Rank | |
|---|---|---|---|---|
| Technology | 18.79% | 0.00% | 49.87% | 59.36% |
| Financial Services | 15.02% | 0.00% | 38.42% | 64.10% |
| Healthcare | 12.00% | 0.00% | 35.42% | 51.87% |
| Consumer Cyclical | 11.51% | 0.00% | 40.94% | 37.56% |
| Industrials | 10.46% | 0.00% | 44.06% | 54.85% |
| Consumer Defense | 8.11% | 0.00% | 73.28% | 36.56% |
| Communication Services | 7.07% | 0.00% | 57.66% | 48.90% |
| Basic Materials | 5.40% | 0.00% | 38.60% | 35.02% |
| Real Estate | 4.71% | 0.00% | 39.48% | 12.11% |
| Energy | 3.78% | 0.00% | 21.15% | 45.04% |
| Utilities | 3.15% | 0.00% | 29.12% | 28.08% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GAPUX % Rank | |
|---|---|---|---|---|
| US | 95.31% | 0.13% | 103.82% | 79.63% |
| Non US | 0.00% | 0.58% | 99.46% | 35.79% |
GAPUX - Expenses
Operational Fees
| GAPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.01% | 44.27% | 96.47% |
| Management Fee | 0.15% | 0.00% | 1.82% | 5.80% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| GAPUX 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
| GAPUX 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.
| GAPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 4.00% | 0.00% | 395.00% | 8.94% |
GAPUX - Distributions
Dividend Yield Analysis
| GAPUX | Category Low | Category High | GAPUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.62% | 0.00% | 3.26% | 34.14% |
Dividend Distribution Analysis
| GAPUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| GAPUX | Category Low | Category High | GAPUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.66% | -4.27% | 12.65% | 30.23% |
Capital Gain Distribution Analysis
| GAPUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.381 | OrdinaryDividend |
| Dec 07, 2023 | $0.683 | CapitalGainLongTerm |
| Dec 23, 2022 | $0.575 | OrdinaryDividend |
| Dec 07, 2022 | $0.552 | CapitalGainLongTerm |
| Dec 30, 2021 | $1.478 | OrdinaryDividend |
| Dec 10, 2021 | $1.437 | OrdinaryDividend |
| Dec 30, 2020 | $0.258 | OrdinaryDividend |
| Dec 10, 2020 | $0.316 | OrdinaryDividend |
| Dec 30, 2019 | $0.340 | OrdinaryDividend |
| Dec 10, 2019 | $0.194 | CapitalGainShortTerm |
| Dec 10, 2019 | $0.625 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.502 | OrdinaryDividend |
| Dec 28, 2017 | $0.410 | OrdinaryDividend |
| Dec 29, 2016 | $0.241 | OrdinaryDividend |
| Dec 30, 2015 | $0.207 | OrdinaryDividend |
GAPUX - Fund Manager Analysis
Managers
Neill Nuttall
Start Date
Tenure
Tenure Rank
Feb 19, 2019
3.28
3.3%
Neill Nuttall is a managing director and the chief investment officer of the Multi-Asset Solutions Group (MAS) in Goldman Sachs Asset Management (GSAM). He also serves as chairman of the MAS Investment Committee. Neill joined Goldman Sachs as a managing director in GSAM in 2014. Prior to joining the firm, Neill worked for almost 30 years at JPMorgan Asset Management (JPMAM) and its heritage firms, based for 14 years in Hong Kong and subsequently in London. From 2006, Neill served as chief investment officer and head of JPMAM’s Global Multi Asset Group (GMAG) and latterly as head of Asset Allocation for GMAG. Prior to joining GMAG, Neill served as a managing director and senior strategist within JPMAM’s Currency Group. Previous roles included senior investing positions at Jardine Fleming Investment Management in the International Multi-Asset Portfolios Group. Prior to joining JPMAM, Neill worked for Standard Chartered Bank in Hong Kong and Thailand. Neill earned a BA (Hons) in politics from the University of Exeter.
Siwen Wu
Start Date
Tenure
Tenure Rank
May 24, 2021
1.02
1.0%
Mr. Wu is a Vice President focusing on multi-asset funds and institutional portfolios within the Global Portfolio Solutions (GPS) Group in GSAM. Prior to joining GPS in 2014, Mr. Wu spent two years in the Market Risk Management Group at Goldman Sachs where he worked on risk analysis and capital efficiency projects for the Securities Division businesses.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
