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Trending ETFs

Goldman Sachs China Equity Fund

mutual fund
GSAGX
Payout Change
Pending
Price as of:
$19.71 +0.01 +0.05%
primary theme
China Region Equity
GSAGX (Mutual Fund)

Goldman Sachs China Equity Fund

Payout Change
Pending
Price as of:
$19.71 +0.01 +0.05%
primary theme
China Region Equity
GSAGX (Mutual Fund)

Goldman Sachs China Equity Fund

Payout Change
Pending
Price as of:
$19.71 +0.01 +0.05%
primary theme
China Region Equity

Name

As of 12/05/2024

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

$19.71

$36.9 M

0.79%

$0.16

1.92%

Vitals

YTD Return

12.1%

1 yr return

14.5%

3 Yr Avg Return

-14.5%

5 Yr Avg Return

-3.2%

Net Assets

$36.9 M

Holdings in Top 10

38.3%

52 WEEK LOW AND HIGH

$19.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.92%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 46.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/05/2024

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

$19.71

$36.9 M

0.79%

$0.16

1.92%

GSAGX - Profile

Distributions

  • YTD Total Return 12.1%
  • 3 Yr Annualized Total Return -14.5%
  • 5 Yr Annualized Total Return -3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.38%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Goldman Sachs China Equity Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Jul 08, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Hiren Dasani

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 equity investments in issuers economically tied to China. For purposes of the 80% investment policy, China includes Mainland China and China’s special administrative regions, such as Hong Kong. The Fund expects to invest primarily in common stocks, but may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi (“RMB”), the official currency of China. The Fund may invest in the securities of Chinese companies, normally restricted to residents of Mainland China (commonly known as “A Shares” or “China A Shares”), through the China Stock Connect program or other channels. The Fund may also invest in other investments including, but not limited to, “B Shares” of companies listed on the Shanghai and Shenzhen Stock Exchanges, “H Shares” of companies incorporated in Mainland China and listed on the Hong Kong Stock Exchange and other foreign exchanges, shares of “Red Chip” and “P-Chip” companies with controlling Chinese shareholders that are incorporated outside of Mainland China and listed on the Hong Kong Stock Exchange, and shares of companies listed on the Hong Kong Stock Exchange that generate the majority of their value and revenue from doing business in China. “Red Chip” companies are controlled, either directly or indirectly, by Mainland China state entities. “P-Chip” companies are controlled by Mainland Chinese companies or individuals.While the Fund may invest in companies of any market capitalization, it expects to primarily invest in large- and mid-capitalization companies. As of February 1, 2024, the Fund generally considers issuers with public stock market capitalizations of approximately $2.5 billion to $10 billion to be mid-capitalization companies, and issuers with public stock market capitalizations of approximately $10 billion or more to be large-capitalization companies. The Fund may also invest in futures, exchange-traded funds (“ETFs”) and other instruments with similar economic exposures.Allocation of the Fund’s investments is determined by the Investment Adviser’s assessment of a company’s upside potential and downside risk, how attractive it appears relative to other holdings, and how the addition will impact sector and industry weightings. The largest weightings in the Fund’s portfolio relative to the benchmark of the Fund are given to companies the Investment Adviser believes have the most upside return potential relative to their contribution to overall portfolio risk.The Investment Adviser employs a fundamental investment process that may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors. No one factor or consideration is determinative in the stock selection process.The Fund may invest in the aggregate up to 20% of its Net Assets in: (i) equity investments in issuers that are not economically tied to China; and (ii) fixed income securities, such as government, corporate and bank debt obligations.The Fund’s benchmark index is the Morgan Stanley Capital International (MSCI) China All Shares Index (Net, USD, Unhedged).
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GSAGX - Performance

Return Ranking - Trailing

Period GSAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.1% -12.3% 26.4% 38.20%
1 Yr 14.5% -13.6% 30.3% 37.08%
3 Yr -14.5%* -20.1% 5.3% 77.11%
5 Yr -3.2%* -13.4% 14.7% 60.29%
10 Yr 1.9%* -4.5% 9.6% 48.00%

* Annualized

Return Ranking - Calendar

Period GSAGX Return Category Return Low Category Return High Rank in Category (%)
2023 -19.5% -26.6% 26.3% 70.53%
2022 -30.7% -41.6% -9.4% 79.78%
2021 -19.6% -52.5% 26.5% 56.98%
2020 40.7% 1.3% 138.5% 37.84%
2019 25.5% -1.9% 42.6% 55.56%

Total Return Ranking - Trailing

Period GSAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.1% -12.3% 26.4% 38.20%
1 Yr 14.5% -13.6% 30.3% 37.08%
3 Yr -14.5%* -20.1% 5.3% 77.11%
5 Yr -3.2%* -13.4% 14.7% 60.29%
10 Yr 1.9%* -4.5% 9.6% 48.00%

* Annualized

Total Return Ranking - Calendar

Period GSAGX Return Category Return Low Category Return High Rank in Category (%)
2023 -18.8% -25.7% 30.1% 72.63%
2022 -30.7% -40.4% -6.8% 87.64%
2021 -14.3% -48.9% 29.5% 68.60%
2020 48.2% 2.0% 138.5% 35.14%
2019 26.2% 7.8% 44.4% 62.50%

NAV & Total Return History


GSAGX - Holdings

Concentration Analysis

GSAGX Category Low Category High GSAGX % Rank
Net Assets 36.9 M 1.06 M 5.63 B 57.89%
Number of Holdings 71 27 1169 30.53%
Net Assets in Top 10 13.5 M 603 K 4.09 B 62.11%
Weighting of Top 10 38.33% 5.6% 85.4% 78.95%

Top 10 Holdings

  1. Tencent Holdings Ltd 10.32%
  2. China Construction Bank Corp 4.71%
  3. Alibaba Group Holding Ltd 4.39%
  4. Meituan 3.36%
  5. China Yangtze Power Co Ltd 3.35%
  6. Zijin Mining Group Co Ltd 3.09%
  7. Kweichow Moutai Co Ltd 3.09%
  8. Xiaomi Corp 2.01%
  9. Contemporary Amperex Technology Co Ltd 2.01%
  10. PetroChina Co Ltd 1.99%

Asset Allocation

Weighting Return Low Return High GSAGX % Rank
Stocks
96.95% 51.72% 113.15% 64.21%
Cash
3.05% 0.00% 33.85% 43.16%
Preferred Stocks
0.00% 0.00% 2.47% 64.21%
Other
0.00% -0.02% 47.32% 70.53%
Convertible Bonds
0.00% 0.00% 0.15% 64.84%
Bonds
0.00% 0.00% 0.00% 64.21%

Stock Sector Breakdown

Weighting Return Low Return High GSAGX % Rank
Consumer Cyclical
22.20% 0.00% 95.37% 53.85%
Financial Services
15.09% 0.00% 41.62% 41.76%
Communication Services
14.42% 0.00% 41.06% 36.26%
Industrials
12.09% 0.00% 36.69% 51.65%
Consumer Defense
11.17% 0.00% 20.13% 28.57%
Technology
7.89% 0.00% 58.02% 70.33%
Healthcare
7.42% 0.00% 100.00% 63.74%
Basic Materials
4.12% 0.00% 19.86% 40.66%
Real Estate
2.82% 0.00% 22.12% 45.05%
Energy
1.89% 0.00% 19.38% 28.57%
Utilities
0.89% 0.00% 11.37% 40.66%

Stock Geographic Breakdown

Weighting Return Low Return High GSAGX % Rank
Non US
91.90% 0.00% 100.09% 46.32%
US
5.05% 0.00% 100.63% 55.79%

GSAGX - Expenses

Operational Fees

GSAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.92% 0.09% 14.63% 28.42%
Management Fee 1.00% 0.09% 1.50% 89.47%
12b-1 Fee 0.25% 0.00% 1.00% 67.57%
Administrative Fee N/A 0.06% 0.25% N/A

Sales Fees

GSAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 3.50% 5.75% 63.64%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GSAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 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.

GSAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 4.00% 241.00% 51.28%

GSAGX - Distributions

Dividend Yield Analysis

GSAGX Category Low Category High GSAGX % Rank
Dividend Yield 0.79% 0.00% 8.89% 57.89%

Dividend Distribution Analysis

GSAGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

GSAGX Category Low Category High GSAGX % Rank
Net Income Ratio -0.38% -1.76% 3.66% 73.63%

Capital Gain Distribution Analysis

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

Distributions History

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GSAGX - Fund Manager Analysis

Managers

Hiren Dasani


Start Date

Tenure

Tenure Rank

Mar 14, 2019

3.22

3.2%

Hiren Dasani is the co-head of GSAM’s Emerging Markets Equity team and a portfolio manager for GSAM’s Emerging Markets Equity and India Equity strategies. Mr. Dasani joined GSAM’s India Equity Research team in January 2007 from SSKI Securities.

Basak Yavuz


Start Date

Tenure

Tenure Rank

Mar 14, 2019

3.22

3.2%

Ms. Yavuz is the co-head of GSAM’s Emerging Markets Equity team and a portfolio manager for GSAM’s Emerging Markets Equity. Ms. Yavuz joined the Goldman Sachs Asset Management, L.P in September 2011 from HSBC Asset Management, where she spent three and half years as a portfolio manager for frontier markets. Prior to joining HSBC, she was a research analyst at AllianceBernstein in London from 2001 to 2008.

Christine Pu


Start Date

Tenure

Tenure Rank

Nov 20, 2019

2.53

2.5%

Ms. Pu is a portfolio manager within the Greater China Equity Research Team. She joined the Goldman Sachs Asset Management, L.P. in November 2007.

Shao Ping Guan


Start Date

Tenure

Tenure Rank

Nov 20, 2019

2.53

2.5%

Mr. Guan is head of the China Equity team and portfolio manager of GSAM China Equity strategies. He joined the Goldman Sachs Asset Management, L.P. in in October 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 24.1 3.68 3.22