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Goldman Sachs U.S. Tax-Managed Equity Fund
mutual fund
GCTCX
Payout Change
Suspended
Price as of:
$44.0
+0.04
+0.09%
primary theme
U.S. Large-Cap Blend Equity
GCTCX (Mutual Fund)
Goldman Sachs U.S. Tax-Managed Equity Fund
Payout Change
Suspended
Price as of:
$44.0
+0.04
+0.09%
primary theme
U.S. Large-Cap Blend Equity
GCTCX (Mutual Fund)
Goldman Sachs U.S. Tax-Managed Equity Fund
Payout Change
Suspended
Price as of:
$44.0
+0.04
+0.09%
primary theme
U.S. Large-Cap Blend Equity
Name
As of 12/13/2024Price
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
27.1%
1 yr return
28.4%
3 Yr Avg Return
8.3%
5 Yr Avg Return
13.2%
Net Assets
$3.01 B
Holdings in Top 10
33.3%
52 WEEK LOW AND HIGH
$44.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.82%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 116.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
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
GCTCX - Profile
Distributions
- YTD Total Return 27.1%
- 3 Yr Annualized Total Return 8.3%
- 5 Yr Annualized Total Return 13.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGoldman Sachs U.S. Tax-Managed Equity Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateApr 03, 2000
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMonali Vora
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 equity investments in U.S. issuers. The Fund seeks broad representation of large-cap, mid-cap and small-cap equity investments representing all major sectors of the U.S. economy.The Fund uses a variety of quantitative techniques, in combination with a qualitative overlay, when selecting investments that have the potential to maximize the Fund’s after-tax return and minimize capital gains and income distributions. These quantitative techniques, which are derived from fundamental research and based on certain investment themes, including, among others, Fundamental Mispricings, High Quality Business Models, Sentiment Analysis and Market Themes & Trends. Fundamental Mispricings seeks to identify high-quality businesses trading at a fair price, which the Investment Adviser believes leads to strong performance over the long-run. High Quality Business Models seeks to identify companies that are generating high-quality revenues with sustainable business models and aligned management incentives. Sentiment Analysis seeks to identify stocks experiencing improvements in their overall market sentiment. Market Themes and Trends seeks to identify companies positively positioned to benefit from themes and trends in the market and macroeconomic environment. As a part of the Investment Adviser’s investment selection process, the Investment Adviser utilizes proprietary models that assess a wide range of indicators, which may include certain environmental, social and governance (“ESG”) indicators. No one indicator, risk or consideration is determinative in the investment selection process. The Fund may make investment decisions that deviate from those generated by the Investment Adviser’s proprietary models, at the discretion of the Investment Adviser. In addition, the Investment Adviser may, in its discretion, make changes to its quantitative techniques, or use other quantitative techniques that are based on the Investment Adviser’s proprietary research.In managing the Fund, the Investment Adviser balances investment considerations and tax considerations. The Fund seeks to achieve returns primarily in the form of price appreciation (which is not subject to current tax), and may use different strategies in seeking tax efficiency. These strategies include:◼Offsetting long-term and short-term capital gains with long-term and short-term capital losses and creating loss carry-forward positions◼Managing portfolio turnover that may result in capital gains and losses◼Selling tax lots of securities that have a higher tax basis before selling tax lots of securities that have a lower tax basisThe Fund’s investments in fixed income securities are limited to cash equivalents.The Fund’s benchmark index is the Russell 3000® Index.
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GCTCX - Performance
Return Ranking - Trailing
| Period | GCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.1% | 4.3% | 46.2% | 42.85% |
| 1 Yr | 28.4% | 5.8% | 61.3% | 45.16% |
| 3 Yr | 8.3%* | -11.0% | 19.2% | 67.59% |
| 5 Yr | 13.2%* | -7.6% | 110.6% | 61.98% |
| 10 Yr | 10.5%* | -0.1% | 52.9% | 83.65% |
* Annualized
Return Ranking - Calendar
| Period | GCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.5% | -42.6% | 47.4% | 29.20% |
| 2022 | -21.1% | -56.3% | -4.2% | 51.71% |
| 2021 | 27.8% | -27.2% | 537.8% | 3.72% |
| 2020 | 16.3% | -22.5% | 2181.7% | 25.64% |
| 2019 | 24.5% | -13.5% | 40.4% | 42.76% |
Total Return Ranking - Trailing
| Period | GCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.1% | 4.3% | 46.2% | 42.85% |
| 1 Yr | 28.4% | 5.8% | 61.3% | 45.16% |
| 3 Yr | 8.3%* | -11.0% | 19.2% | 67.59% |
| 5 Yr | 13.2%* | -7.6% | 110.6% | 61.98% |
| 10 Yr | 10.5%* | -0.1% | 52.9% | 83.65% |
* Annualized
Total Return Ranking - Calendar
| Period | GCTCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.5% | -5.0% | 47.4% | 60.46% |
| 2022 | -21.1% | -36.8% | -2.2% | 89.01% |
| 2021 | 27.8% | 3.0% | 537.8% | 36.63% |
| 2020 | 16.3% | -15.8% | 2266.0% | 55.40% |
| 2019 | 24.5% | -0.4% | 241.3% | 90.51% |
NAV & Total Return History
GCTCX - Holdings
Concentration Analysis
| GCTCX | Category Low | Category High | GCTCX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.01 B | 2.34 M | 1.55 T | 38.58% |
| Number of Holdings | 288 | 2 | 3963 | 27.04% |
| Net Assets in Top 10 | 1.15 B | 880 K | 525 B | 38.00% |
| Weighting of Top 10 | 33.27% | 0.3% | 111.6% | 65.89% |
Top 10 Holdings
- Apple Inc 7.22%
- Microsoft Corp 6.54%
- NVIDIA Corp 4.60%
- Amazon.com Inc 3.36%
- Meta Platforms Inc 2.34%
- Alphabet Inc 2.17%
- Broadcom Inc 1.93%
- Berkshire Hathaway Inc 1.78%
- Costco Wholesale Corp 1.73%
- AbbVie Inc 1.60%
Asset Allocation
| Weighting | Return Low | Return High | GCTCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.50% | 0.00% | 105.79% | 61.01% |
| Cash | 1.49% | 0.00% | 99.07% | 36.52% |
| Other | 0.01% | -13.91% | 100.00% | 25.72% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 14.43% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 9.59% |
| Bonds | 0.00% | 0.00% | 93.85% | 16.24% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GCTCX % Rank | |
|---|---|---|---|---|
| Technology | 24.75% | 0.00% | 48.94% | 37.53% |
| Healthcare | 15.87% | 0.00% | 52.29% | 24.52% |
| Consumer Cyclical | 13.82% | 0.00% | 30.33% | 6.30% |
| Financial Services | 11.54% | 0.00% | 55.59% | 85.14% |
| Industrials | 8.15% | 0.00% | 29.90% | 75.31% |
| Communication Services | 6.82% | 0.00% | 27.94% | 73.05% |
| Real Estate | 6.60% | 0.00% | 31.91% | 2.27% |
| Basic Materials | 4.77% | 0.00% | 25.70% | 12.43% |
| Consumer Defense | 3.78% | 0.00% | 47.71% | 92.53% |
| Energy | 3.00% | 0.00% | 41.64% | 70.53% |
| Utilities | 0.89% | 0.00% | 20.91% | 77.83% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GCTCX % Rank | |
|---|---|---|---|---|
| US | 98.50% | 0.00% | 105.79% | 52.84% |
| Non US | 0.00% | 0.00% | 63.83% | 26.88% |
GCTCX - Expenses
Operational Fees
| GCTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.82% | 0.01% | 19.75% | 7.39% |
| Management Fee | 0.65% | 0.00% | 1.90% | 70.92% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 77.85% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| GCTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 18.80% |
Trading Fees
| GCTCX 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.
| GCTCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 116.00% | 0.00% | 268.00% | 93.54% |
GCTCX - Distributions
Dividend Yield Analysis
| GCTCX | Category Low | Category High | GCTCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.47% | 90.08% |
Dividend Distribution Analysis
| GCTCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GCTCX | Category Low | Category High | GCTCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.59% | -54.00% | 2.44% | 95.70% |
Capital Gain Distribution Analysis
| GCTCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 23, 2015 | $0.015 | OrdinaryDividend |
| Dec 05, 2013 | $0.182 | CapitalGainLongTerm |
| Dec 05, 2012 | $0.049 | OrdinaryDividend |
| Dec 07, 2011 | $0.029 | OrdinaryDividend |
| Dec 08, 2009 | $0.038 | OrdinaryDividend |
| Dec 13, 2007 | $0.013 | OrdinaryDividend |
| Dec 12, 2001 | $0.008 | OrdinaryDividend |
GCTCX - Fund Manager Analysis
Managers
Monali Vora
Start Date
Tenure
Tenure Rank
Dec 31, 2010
11.42
11.4%
Monali Vora is a member of the Customized Beta Strategies team. Prior to working in the Customized Beta Strategies team, she spent six years as a member of the QIS Equity Portfolio Implementation team. Ms. Vora joined Goldman Sachs Asset Management, LP in 2000. She received her Bachelor of Mathematics from the University of Waterloo in 2000.
Osman Ali
Start Date
Tenure
Tenure Rank
Apr 30, 2014
8.09
8.1%
Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.
John Sienkiewicz
Start Date
Tenure
Tenure Rank
Apr 23, 2020
2.1
2.1%
Mr. Sienkiewicz joined Goldman Sachs Asset Management in 2009.
Len Ioffe
Start Date
Tenure
Tenure Rank
Apr 30, 2021
1.08
1.1%
Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.
Dennis Walsh
Start Date
Tenure
Tenure Rank
Apr 30, 2021
1.08
1.1%
Dennis Walsh joined Goldman Sachs Asset Management, L.P. as an associate in 2009 and has been a portfolio manager since 2012. Between 2005 and 2007 he worked as a senior developer at Goldman Sachs and after that attended the graduate school at Princeton University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
