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Trending ETFs

Goldman Sachs International Tax-Managed Equity Fund

mutual fund
GCTMX
Payout Change
Pending
Price as of:
$12.78 -0.08 -0.62%
primary theme
International Large-Cap Blend Equity
share class
A (GATMX) Instl (GHTMX) P (GGCPX) R6 (GHTRX) C (GCTMX) Investor (GITRX)
GCTMX (Mutual Fund)

Goldman Sachs International Tax-Managed Equity Fund

Payout Change
Pending
Price as of:
$12.78 -0.08 -0.62%
primary theme
International Large-Cap Blend Equity
share class
A (GATMX) Instl (GHTMX) P (GGCPX) R6 (GHTRX) C (GCTMX) Investor (GITRX)
GCTMX (Mutual Fund)

Goldman Sachs International Tax-Managed Equity Fund

Payout Change
Pending
Price as of:
$12.78 -0.08 -0.62%
primary theme
International Large-Cap Blend Equity
share class
A (GATMX) Instl (GHTMX) P (GGCPX) R6 (GHTRX) C (GCTMX) Investor (GITRX)

Name

As of 12/12/2024

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 International Tax-Managed Equity Fund

GCTMX | Fund

$12.78

$832 M

1.17%

$0.15

2.10%

Vitals

YTD Return

10.3%

1 yr return

11.9%

3 Yr Avg Return

4.1%

5 Yr Avg Return

6.2%

Net Assets

$832 M

Holdings in Top 10

17.2%

52 WEEK LOW AND HIGH

$12.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.10%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 162.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/12/2024

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 International Tax-Managed Equity Fund

GCTMX | Fund

$12.78

$832 M

1.17%

$0.15

2.10%

GCTMX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs International Tax-Managed Equity Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Jan 31, 2008
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Monali 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 non-U.S. issuers. 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.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.The Fund may allocate its assets among countries as determined by the Investment Adviser from time to time, provided the Fund’s assets are invested in at least three foreign countries.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 basis. The Fund’s investments in fixed income securities are limited to cash equivalents.The Fund’s benchmark index is the Morgan Stanley Capital International (MSCI) Europe, Australasia, Far East (EAFE) Index (Net, USD, Unhedged) (“MSCI EAFE Index”).
Read More

GCTMX - Performance

Return Ranking - Trailing

Period GCTMX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -3.4% 32.4% 21.96%
1 Yr 11.9% -1.8% 38.8% 32.86%
3 Yr 4.1%* -13.6% 48.1% 23.62%
5 Yr 6.2%* -34.2% 74.9% 29.03%
10 Yr 5.6%* 1.2% 32.4% 39.63%

* Annualized

Return Ranking - Calendar

Period GCTMX Return Category Return Low Category Return High Rank in Category (%)
2023 17.4% -1.4% 22.0% 8.63%
2022 -18.0% -43.6% 71.3% 46.40%
2021 9.0% -28.5% 18.9% 17.89%
2020 8.4% -90.1% 992.1% 45.82%
2019 17.3% -1.9% 38.8% 76.06%

Total Return Ranking - Trailing

Period GCTMX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -3.4% 32.4% 21.96%
1 Yr 11.9% -1.8% 38.8% 32.86%
3 Yr 4.1%* -13.6% 48.1% 23.62%
5 Yr 6.2%* -34.2% 74.9% 29.03%
10 Yr 5.6%* 1.2% 32.4% 39.63%

* Annualized

Total Return Ranking - Calendar

Period GCTMX Return Category Return Low Category Return High Rank in Category (%)
2023 19.0% 3.2% 23.8% 15.70%
2022 -16.0% -43.6% 144.8% 54.72%
2021 11.2% -22.6% 56.0% 37.40%
2020 8.9% -89.7% 1010.8% 57.36%
2019 17.7% 4.3% 38.8% 93.97%

NAV & Total Return History

GCTMX - Holdings

Concentration Analysis

GCTMX Category Low Category High GCTMX % Rank
Net Assets 832 M 3.3 M 425 B 49.61%
Number of Holdings 269 1 10481 34.95%
Net Assets in Top 10 175 M 1.01 M 47.5 B 50.86%
Weighting of Top 10 17.19% 4.6% 147.7% 72.06%

Top 10 Holdings

  1. Novo Nordisk A/S 2.71%
  2. ASML Holding NV 2.07%
  3. Roche Holding AG 2.00%
  4. SAP SE 1.88%
  5. Novartis AG 1.88%
  6. Commonwealth Bank of Australia 1.39%
  7. Rolls-Royce Holdings PLC 1.33%
  8. Allianz SE 1.33%
  9. UniCredit SpA 1.32%
  10. AIA Group Ltd 1.29%

Asset Allocation

Weighting Return Low Return High GCTMX % Rank
Stocks 		96.82% 0.00% 102.63% 62.71%
Cash 		2.40% 0.00% 44.84% 37.91%
Preferred Stocks 		0.76% -0.05% 6.89% 24.49%
Other 		0.03% -2.12% 47.54% 32.92%
Convertible Bonds 		0.00% 0.00% 4.18% 93.90%
Bonds 		0.00% 0.00% 95.29% 93.92%

Stock Sector Breakdown

Weighting Return Low Return High GCTMX % Rank
Industrials 		17.64% 5.17% 99.49% 16.00%
Financial Services 		16.19% 0.00% 47.75% 74.40%
Healthcare 		12.95% 0.00% 20.35% 38.72%
Consumer Defense 		10.17% 0.00% 32.29% 37.92%
Basic Materials 		9.78% 0.00% 23.86% 16.64%
Consumer Cyclical 		8.76% 0.00% 36.36% 78.08%
Technology 		8.36% 0.00% 36.32% 85.28%
Utilities 		4.59% 0.00% 13.68% 13.92%
Real Estate 		4.58% 0.00% 14.59% 6.56%
Communication Services 		3.86% 0.00% 21.69% 83.84%
Energy 		3.13% 0.00% 16.89% 77.60%

Stock Geographic Breakdown

Weighting Return Low Return High GCTMX % Rank
Non US 		96.55% 0.00% 99.44% 18.88%
US 		0.27% 0.00% 102.01% 92.04%

GCTMX - Expenses

Operational Fees

GCTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.10% 0.01% 19.62% 9.38%
Management Fee 0.85% 0.00% 1.65% 91.84%
12b-1 Fee 0.75% 0.00% 1.00% 82.39%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

GCTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 94.44%

Trading Fees

GCTMX 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.

GCTMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 162.00% 2.00% 247.00% 97.01%

GCTMX - Distributions

Dividend Yield Analysis

GCTMX Category Low Category High GCTMX % Rank
Dividend Yield 1.17% 0.00% 17.49% 81.75%

Dividend Distribution Analysis

GCTMX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

GCTMX Category Low Category High GCTMX % Rank
Net Income Ratio 1.59% -0.93% 6.38% 49.28%

Capital Gain Distribution Analysis

GCTMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GCTMX - 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.

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.32 3.25

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