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Trending ETFs

Goldman Sachs U.S. Tax-Managed Equity Fund

mutual fund
GQIRX
Payout Change
Pending
Price as of:
$43.31 +0.38 +0.89%
primary theme
U.S. Large-Cap Blend Equity
GQIRX (Mutual Fund)

Goldman Sachs U.S. Tax-Managed Equity Fund

Payout Change
Pending
Price as of:
$43.31 +0.38 +0.89%
primary theme
U.S. Large-Cap Blend Equity
GQIRX (Mutual Fund)

Goldman Sachs U.S. Tax-Managed Equity Fund

Payout Change
Pending
Price as of:
$43.31 +0.38 +0.89%
primary theme
U.S. Large-Cap Blend Equity

Name

As of 05/24/2024

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

$43.31

$3.01 B

0.41%

$0.18

0.82%

Vitals

YTD Return

14.1%

1 yr return

30.1%

3 Yr Avg Return

8.5%

5 Yr Avg Return

14.2%

Net Assets

$3.01 B

Holdings in Top 10

30.1%

52 WEEK LOW AND HIGH

$42.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 116.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

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

$43.31

$3.01 B

0.41%

$0.18

0.82%

GQIRX - Profile

Distributions

  • YTD Total Return 14.1%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 14.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.49%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs U.S. Tax-Managed Equity Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Aug 31, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • 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 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 positionsManaging portfolio turnover that may result in capital gains and lossesSelling 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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GQIRX - Performance

Return Ranking - Trailing

Period GQIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.1% 0.6% 19.6% 8.82%
1 Yr 30.1% 2.6% 48.3% 18.06%
3 Yr 8.5%* -12.2% 15.5% 44.57%
5 Yr 14.2%* -8.3% 109.8% 51.07%
10 Yr 10.9%* -0.1% 20.9% 62.17%

* Annualized

Return Ranking - Calendar

Period GQIRX Return Category Return Low Category Return High Rank in Category (%)
2023 23.1% -42.6% 47.4% 26.13%
2022 -20.8% -56.3% -4.2% 47.49%
2021 28.7% -27.2% 537.8% 2.96%
2020 16.7% -36.2% 2181.7% 23.93%
2019 25.1% -22.7% 40.4% 39.07%

Total Return Ranking - Trailing

Period GQIRX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.1% 0.6% 19.6% 8.82%
1 Yr 30.1% 2.6% 48.3% 18.06%
3 Yr 8.5%* -12.2% 15.5% 44.57%
5 Yr 14.2%* -8.3% 109.8% 51.07%
10 Yr 10.9%* -0.1% 20.9% 62.17%

* Annualized

Total Return Ranking - Calendar

Period GQIRX Return Category Return Low Category Return High Rank in Category (%)
2023 23.7% -5.0% 47.4% 52.57%
2022 -20.3% -36.8% -2.2% 82.04%
2021 29.1% 3.0% 537.8% 17.27%
2020 17.4% -15.8% 2266.0% 49.49%
2019 25.8% -0.4% 241.3% 84.32%

NAV & Total Return History


GQIRX - Holdings

Concentration Analysis

GQIRX Category Low Category High GQIRX % Rank
Net Assets 3.01 B 2.34 M 1.55 T 38.54%
Number of Holdings 273 2 4048 28.77%
Net Assets in Top 10 844 M 848 K 387 B 40.14%
Weighting of Top 10 30.07% 0.3% 112.0% 74.34%

Top 10 Holdings

  1. Microsoft Corp 7.07%
  2. Apple Inc 5.86%
  3. Amazon.com Inc 3.77%
  4. NVIDIA Corp 2.54%
  5. Alphabet Inc 1.96%
  6. Visa Inc 1.90%
  7. UnitedHealth Group Inc 1.90%
  8. Meta Platforms Inc 1.78%
  9. Berkshire Hathaway Inc 1.70%
  10. Adobe Inc 1.60%

Asset Allocation

Weighting Return Low Return High GQIRX % Rank
Stocks
98.79% 0.00% 124.03% 57.61%
Cash
1.21% 0.00% 99.06% 44.47%
Other
0.00% -13.91% 100.00% 41.27%
Preferred Stocks
0.00% 0.00% 2.38% 82.45%
Convertible Bonds
0.00% 0.00% 5.54% 81.51%
Bonds
0.00% -0.37% 93.78% 82.37%

Stock Sector Breakdown

Weighting Return Low Return High GQIRX % Rank
Technology
24.75% 0.00% 48.94% 38.01%
Healthcare
15.87% 0.00% 60.70% 24.71%
Consumer Cyclical
13.82% 0.00% 30.33% 7.42%
Financial Services
11.54% 0.00% 55.59% 84.67%
Industrials
8.15% 0.00% 29.90% 76.92%
Communication Services
6.82% 0.00% 27.94% 74.14%
Real Estate
6.60% 0.00% 31.91% 2.69%
Basic Materials
4.77% 0.00% 25.70% 13.13%
Consumer Defense
3.78% 0.00% 47.71% 93.07%
Energy
3.00% 0.00% 41.64% 71.37%
Utilities
0.89% 0.00% 20.91% 79.53%

Stock Geographic Breakdown

Weighting Return Low Return High GQIRX % Rank
US
98.79% 0.00% 124.03% 46.15%
Non US
0.00% 0.00% 62.81% 84.29%

GQIRX - Expenses

Operational Fees

GQIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 19.75% 48.95%
Management Fee 0.65% 0.00% 1.90% 75.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

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

Trading Fees

GQIRX 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.

GQIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 116.00% 0.00% 268.00% 93.95%

GQIRX - Distributions

Dividend Yield Analysis

GQIRX Category Low Category High GQIRX % Rank
Dividend Yield 0.41% 0.00% 25.47% 79.84%

Dividend Distribution Analysis

GQIRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly SemiAnnual

Net Income Ratio Analysis

GQIRX Category Low Category High GQIRX % Rank
Net Income Ratio 0.49% -54.00% 2.44% 62.85%

Capital Gain Distribution Analysis

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

Distributions History

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GQIRX - 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
0.04 39.02 7.27 2.42