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Trending ETFs

Goldman Sachs Technology Opportunities Fund

mutual fund
GITSX
Payout Change
Suspended
Price as of:
$27.46 +0.13 +0.48%
primary theme
Technology Sector Equity
GITSX (Mutual Fund)

Goldman Sachs Technology Opportunities Fund

Payout Change
Suspended
Price as of:
$27.46 +0.13 +0.48%
primary theme
Technology Sector Equity
GITSX (Mutual Fund)

Goldman Sachs Technology Opportunities Fund

Payout Change
Suspended
Price as of:
$27.46 +0.13 +0.48%
primary theme
Technology Sector Equity

Name

As of 12/03/2024

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

$27.46

$747 M

0.00%

1.55%

Vitals

YTD Return

30.9%

1 yr return

38.3%

3 Yr Avg Return

8.9%

5 Yr Avg Return

18.2%

Net Assets

$747 M

Holdings in Top 10

60.4%

52 WEEK LOW AND HIGH

$27.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/03/2024

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

$27.46

$747 M

0.00%

1.55%

GITSX - Profile

Distributions

  • YTD Total Return 30.9%
  • 3 Yr Annualized Total Return 8.9%
  • 5 Yr Annualized Total Return 18.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Goldman Sachs Technology Opportunities Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Oct 01, 1999
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Steven Barry

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 technology companies, as described below. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in companies that are considered by the Investment Adviser to benefit from the proliferation of technology. Although the Fund invests primarily in publicly traded U.S. securities, it may invest up to 25% of its total assets measured at the time of purchase (“Total Assets”) in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies. The Fund may also invest in privately held companies and companies that only recently began to trade publicly.The Fund’s fundamental equity growth investment process involves evaluating potential investments based on specific characteristics believed to indicate a high-quality business with sustainable growth, including strong business franchises, favorable long-term prospects, and excellent management. The Investment Adviser will also consider valuation of companies when determining whether to buy and/or sell securities. The Investment Adviser may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors as part of its fundamental research process. No one factor or consideration is determinative in the stock selection process. The Investment Adviser may decide to sell a position for various reasons, including when a company’s fundamental outlook deteriorates, because of valuation and price considerations, for risk management purposes, or when a company is deemed to be misallocating capital. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.The Fund intends to invest a substantial portion of its assets in technology companies. In general, the Investment Adviser defines a technology company as a high-quality technology, services, media or telecommunications company that adopts or uses technology to improve its cost structure, revenue opportunities or competitive advantage. The Investment Adviser seeks to identify technology companies that exhibit many of the following characteristics:Strong brand nameDominant market shareRecurring revenue streamsFree cash flow generationLong product life cycleEnduring competitive advantageExcellent managementThe Investment Adviser seeks to identify technology companies that are promising growth businesses. These companies may grow revenue by increasing sales volumes, prices, customers and market share. The Internet is an example of a technology that the Investment Adviser believes will drive growth for many technology businesses. The Internet has had, and is expected to continue to have, a significant impact on the global economy, as it changes the way many companies operate. Benefits of the Internet for businesses may include global scalability, acquisition of new clients, new revenue sources and increased efficiencies. Technology companies adopting innovative Internet technologies to improve their business models include providers of infrastructure, software, hardware and services.The Fund will invest at least 25% of its Total Assets in companies in one or more of the media, telecommunications, technology and/or Internet industries. Because of its focus on technology, telecommunications, Internet, services and media companies, the Fund’s investment performance will be closely tied to many factors which affect these companies. These factors include intense competition, consumer preferences, problems with product compatibility and government regulation. The Fund’s investments may experience significant price movements caused by disproportionate investor optimism or pessimism with little or no basis in fundamental economic conditions. The Fund may also invest in a relatively few number of issuers. As a result, the Fund’s net asset value (“NAV”) is more likely to have greater fluctuations than that of a fund which is more diversified or invests in other industries.The Fund’s benchmark index is the NASDAQ Composite Total Return Index.
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GITSX - Performance

Return Ranking - Trailing

Period GITSX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.9% -17.1% 59.9% 56.68%
1 Yr 38.3% -13.1% 71.3% 57.14%
3 Yr 8.9%* -31.2% 17.7% 52.58%
5 Yr 18.2%* -10.5% 31.6% 49.24%
10 Yr 18.0%* 1.1% 26.1% 53.33%

* Annualized

Return Ranking - Calendar

Period GITSX Return Category Return Low Category Return High Rank in Category (%)
2023 57.4% -5.6% 96.9% 18.06%
2022 -52.5% -73.9% -16.4% 93.43%
2021 1.4% -44.6% 51.5% 55.19%
2020 32.1% 5.5% 154.1% 78.79%
2019 16.3% -3.0% 63.7% 90.43%

Total Return Ranking - Trailing

Period GITSX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.9% -17.1% 59.9% 56.68%
1 Yr 38.3% -13.1% 71.3% 57.14%
3 Yr 8.9%* -31.2% 17.7% 52.58%
5 Yr 18.2%* -10.5% 31.6% 49.24%
10 Yr 18.0%* 1.1% 26.1% 53.33%

* Annualized

Total Return Ranking - Calendar

Period GITSX Return Category Return Low Category Return High Rank in Category (%)
2023 57.4% -2.3% 96.9% 24.54%
2022 -39.5% -67.5% -5.9% 71.36%
2021 21.1% -17.8% 59.2% 34.43%
2020 45.1% 17.5% 157.5% 71.72%
2019 37.6% 7.5% 66.9% 62.77%

NAV & Total Return History


GITSX - Holdings

Concentration Analysis

GITSX Category Low Category High GITSX % Rank
Net Assets 747 M 4.67 M 81.2 B 55.96%
Number of Holdings 30 10 321 94.04%
Net Assets in Top 10 474 M 1.67 M 56.8 B 52.29%
Weighting of Top 10 60.37% 12.6% 100.0% 23.85%

Top 10 Holdings

  1. Microsoft Corp 9.78%
  2. Alphabet Inc 8.82%
  3. NVIDIA Corp 8.81%
  4. Amazon.com Inc 7.16%
  5. Marvell Technology Inc 5.41%
  6. Apple Inc 5.12%
  7. KLA Corp 4.50%
  8. Broadcom Inc 4.37%
  9. Salesforce Inc 3.25%
  10. Adobe Inc 3.15%

Asset Allocation

Weighting Return Low Return High GITSX % Rank
Stocks
99.20% 0.00% 100.77% 48.17%
Cash
0.80% 0.00% 26.97% 67.43%
Preferred Stocks
0.00% 0.00% 8.64% 74.31%
Other
0.00% -0.04% 26.87% 70.18%
Convertible Bonds
0.00% 0.00% 0.40% 68.35%
Bonds
0.00% 0.00% 88.05% 66.06%

Stock Sector Breakdown

Weighting Return Low Return High GITSX % Rank
Technology
70.38% 2.80% 100.00% 50.92%
Communication Services
12.26% 0.00% 97.05% 29.36%
Consumer Cyclical
8.44% 0.00% 32.97% 33.03%
Real Estate
5.30% 0.00% 15.05% 5.05%
Financial Services
3.63% 0.00% 38.36% 55.96%
Utilities
0.00% 0.00% 5.17% 66.06%
Industrials
0.00% 0.00% 38.68% 89.45%
Healthcare
0.00% 0.00% 25.57% 86.70%
Energy
0.00% 0.00% 1.24% 65.60%
Consumer Defense
0.00% 0.00% 5.64% 70.64%
Basic Materials
0.00% 0.00% 2.38% 67.89%

Stock Geographic Breakdown

Weighting Return Low Return High GITSX % Rank
US
99.20% 0.00% 100.77% 32.57%
Non US
0.00% 0.00% 63.81% 81.65%

GITSX - Expenses

Operational Fees

GITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.08% 5.04% 23.04%
Management Fee 0.94% 0.03% 1.95% 89.45%
12b-1 Fee 0.25% 0.00% 1.00% 61.34%
Administrative Fee 0.25% 0.00% 0.50% 77.08%

Sales Fees

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

Trading Fees

GITSX 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.

GITSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 0.69% 281.00% 49.13%

GITSX - Distributions

Dividend Yield Analysis

GITSX Category Low Category High GITSX % Rank
Dividend Yield 0.00% 0.00% 7.82% 75.23%

Dividend Distribution Analysis

GITSX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

GITSX Category Low Category High GITSX % Rank
Net Income Ratio -0.94% -2.30% 2.08% 77.10%

Capital Gain Distribution Analysis

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

Distributions History

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GITSX - Fund Manager Analysis

Managers

Steven Barry


Start Date

Tenure

Tenure Rank

Oct 01, 1999

22.68

22.7%

Mr. Barry, Managing Director, Co-Chief Investment Officer of Fundamental Equity U.S. Equity, joined GSAM as a portfolio manager in 1999. Mr. Leahy, Managing Director and Co-Lead Portfolio Manager-Strategic Growth, joined GSAM as a portfolio manager in 2005. Mr. Becker, Managing Director and Co-Lead Portfolio Manager-Strategic Growth, joined GSAM in 1999. He also serves as a portfolio manager for the Growth Team and is a member of the U.S. Equity Investment Committee.

Charles (Brook) Dane


Start Date

Tenure

Tenure Rank

Jan 09, 2018

4.39

4.4%

Charles (Brook) Dane is a portfolio manager on the US Equity Team of Goldman Sachs Asset Management, L.P. He joined the Goldman Sachs Asset Management, L.P. in 2010 as a portfolio manager for the Value Team. Before joining the firm, Mr. Dane was a Senior Vice President at Putnam Investments. He spent 13 years at Putnam Investments as a research analyst and more recently as a portfolio manager there. Prior to that, he was an Associate at Dane, Falb, Stone & Co.

Sung Cho


Start Date

Tenure

Tenure Rank

Jan 09, 2018

4.39

4.4%

Sung Cho joined the Goldman Sachs Asset Management, LP in 2004. Sung is a portfolio manager on the US Value Equity Team, where he has broad research responsibilities across the value strategies. Previously, he supported the CEO, COO and CAO of the GSAM Fundamental Equity business on strategic projects. From 2004-2006, Sung worked in the IMD Finance and Strategy team supporting divisional management in a similar capacity. Before joining Goldman Sachs, Sung was a management consultant focused on Strategy and Operations at Deloitte Consulting. Sung earned his B.A. at Dartmouth College in Applied Mathematics. He received his Chartered Financial Analyst designation in 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 8.19 1.41