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Trending ETFs

Goldman Sachs Income Fund

mutual fund
GSCHX
Payout Change
Pending
Price as of:
$8.87 +0.0 +0.0%
primary theme
Bond Sector Diversified
GSCHX (Mutual Fund)

Goldman Sachs Income Fund

Payout Change
Pending
Price as of:
$8.87 +0.0 +0.0%
primary theme
Bond Sector Diversified
GSCHX (Mutual Fund)

Goldman Sachs Income Fund

Payout Change
Pending
Price as of:
$8.87 +0.0 +0.0%
primary theme
Bond Sector Diversified

Name

As of 05/21/2024

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

$8.87

$92.1 M

5.60%

$0.50

1.40%

Vitals

YTD Return

2.4%

1 yr return

11.0%

3 Yr Avg Return

0.6%

5 Yr Avg Return

N/A

Net Assets

$92.1 M

Holdings in Top 10

20.8%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.40%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 139.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

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

$8.87

$92.1 M

5.60%

$0.50

1.40%

GSCHX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.12%
DIVIDENDS
  • Dividend Yield 5.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Income Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Dec 03, 2019
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ashish Shah

Fund Description

The Fund invests in a multi-sector portfolio of U.S. and foreign investment grade and non-investment grade fixed income investments of varying maturities. The Fund’s investment sectors include, but are not limited to: (a) government securities, (b) corporate debt securities, (c) commercial and residential mortgage-backed securities, (d) asset-backed securities (including collateralized loan obligations (“CLOs”)) and (e) emerging countries debt denominated in both U.S. dollars and foreign currencies. The Fund may not have exposure to all of these investment sectors, and the Fund’s exposure to any one investment sector may vary over time.Under normal circumstances, the Fund may invest in U.S. Government securities (such as U.S. Treasury securities or Treasury inflation protected securities and including agency issued adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities (“Agency Mortgage-Backed Securities”)), non-U.S. sovereign debt, agency securities, corporate debt securities, privately issued adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities (“Private Mortgage-Backed Securities” and, together with Agency Mortgage-Backed Securities, “Mortgage-Backed Securities”), asset-backed securities (including CLOs), custodial receipts, municipal securities, loan participations and loan assignments and convertible securities. The Fund’s investments in loan participations and loan assignments may include, but are not limited to: (a) senior secured floating rate and fixed rate loans or debt (“Senior Loans”), (b) second lien or other subordinated or unsecured floating rate and fixed rate loans or debt (“Second Lien Loans”) and (c) other types of secured or unsecured loans with fixed, floating or variable interest rates. The Fund may invest in fixed income securities of any maturity.Non-investment grade fixed income securities are securities rated BB+, Ba1 or below by a nationally recognized statistical rating organization (“NRSRO”), or, if unrated, determined by the Investment Adviser to be of comparable credit quality.The Fund may invest up to 35% of its total assets measured at the time of purchase (“Total Assets”) in sovereign and corporate debt securities and other instruments of issuers in emerging market countries (“emerging countries debt”). Such investments may include sovereign debt issued by emerging countries that have sovereign ratings below investment grade or that are unrated. The Fund’s investments may be denominated in currencies other than the U.S. dollar.The Fund may invest up to 10% of its Total Assets in privately issued corporate debt securities and other obligations issued by private companies, including privately issued credit obligations and related instruments, and up to an additional 10% of its Total Assets in equity investments, including preferred securities and dividend paying common stocks.The Fund may engage in forward foreign currency transactions for both hedging and non-hedging purposes. The Fund also intends to invest in other derivative instruments. Derivatives are instruments that have a value based on another instrument, exchange rate, interest rate or index. The Fund’s investments in derivatives may include, in addition to forward foreign currency exchange contracts, futures contracts (including interest rate futures and treasury and sovereign bond futures), options (including options on futures contracts, swaps, bonds, stocks and indexes), swaps (including credit default, index, basis, total return, volatility, interest rate and currency swaps), and other forward contracts. The Fund may use derivatives instead of buying and selling bonds to manage duration, to gain exposure or to short individual securities or to gain exposure to a credit or asset backed index. The Fund may gain exposure to Agency Mortgage-Backed Securities through several methods, including by utilizing to-be-announced (“TBA”) agreements in Agency Mortgage-Backed Securities or through the use of reverse repurchase agreements. TBA agreements for Agency Mortgage-Backed Securities are standardized contracts for future delivery of fixed-rate mortgage pass-through securities in which the exact mortgage pools to be delivered are not specified until shortly before settlement. A reverse repurchase agreement enables the Fund to gain exposure to specified pools of Agency Mortgage-Backed Securities by purchasing them on a forward settling basis and using the proceeds of the reverse repurchase agreement to settle the trade.The Fund may implement short positions and may do so by using swaps, options or futures, TBA agreements in Agency mortgage-backed securities, or through short sales of any instrument that the Fund may purchase for investment. For example, the Fund may enter into a futures contract pursuant to which it agrees to sell an asset (that it does not currently own) at a specified price at a specified point in the future. This gives the Fund a short position with respect to that asset. The Fund will benefit to the extent the asset decreases in value (and will be harmed to the extent the asset increases in value) between the time it enters into the futures contract and the agreed date of sale. Alternatively, the Fund may sell an instrument (e.g., a bond, or a futures contract) it does not own in anticipation of a decline in the market value of the instrument, and then borrow the instrument to make delivery to the buyer. In these transactions, the Fund is obligated to replace the instrument borrowed by purchasing it at the market price at the time of replacement. The Fund uses short positions and derivatives for both investment and hedging purposes.The Fund may also seek to obtain exposure to fixed income investments through investments in affiliated or unaffiliated investment companies, including exchange-traded funds (“ETFs”).The Fund’s target average duration range under normal interest rate conditions is expected to be between 0 and 8 years, and over the last five years ended June 30, 2023, the duration of the Bloomberg U.S. Aggregate Bond Index has ranged between 5.68 and 6.78 years. “Duration” is a measure of a debt security’s price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price to changes in interest rates. For example, if market interest rates increase by 1%, the market price of a debt security with a positive duration of 3 years will generally decrease by approximately 3%.Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that security’s market price.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 fundamental investment process.The Fund’s benchmark index is the Bloomberg U.S. Aggregate Bond Index.
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GSCHX - Performance

Return Ranking - Trailing

Period GSCHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -9.7% 7.4% 25.08%
1 Yr 11.0% -7.7% 25.9% 7.48%
3 Yr 0.6%* -16.9% 17.2% 37.36%
5 Yr N/A* -13.1% 15.0% N/A
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period GSCHX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -12.0% 15.7% 9.02%
2022 -17.8% -31.8% 18.4% 88.52%
2021 -3.0% -26.6% 25.7% 74.46%
2020 4.8% -49.2% 18.7% 18.89%
2019 N/A -35.1% 15.3% N/A

Total Return Ranking - Trailing

Period GSCHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -9.7% 7.4% 25.08%
1 Yr 11.0% -7.7% 25.9% 7.48%
3 Yr 0.6%* -16.9% 17.2% 37.36%
5 Yr N/A* -13.1% 15.0% N/A
10 Yr N/A* -13.6% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period GSCHX Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% -7.0% 22.2% 6.07%
2022 -11.8% -31.8% 21.1% 73.68%
2021 1.3% -13.5% 49.9% 61.45%
2020 9.2% -28.6% 24.1% 12.83%
2019 N/A -4.8% 19.1% N/A

NAV & Total Return History


GSCHX - Holdings

Concentration Analysis

GSCHX Category Low Category High GSCHX % Rank
Net Assets 92.1 M 2.53 M 143 B 85.07%
Number of Holdings 442 4 9868 53.38%
Net Assets in Top 10 19.2 M -1.57 B 65.8 B 89.01%
Weighting of Top 10 20.84% 0.7% 171.7% 69.17%

Top 10 Holdings

  1. Ginnie Mae 4.32%
  2. Uniform Mortgage-Backed Security, TBA 3.36%
  3. Uniform Mortgage-Backed Security, TBA 3.34%
  4. JPMorgan Chase Co 2.32%
  5. Uniform Mortgage-Backed Security, TBA 2.24%
  6. United States Treasury Note/Bond - When Issued 1.12%
  7. United States Treasury Note/Bond - When Issued 1.10%
  8. RRX 7 Ltd 1.08%
  9. Ginnie Mae 1.06%
  10. Goldman Sachs Financial Square Government Fund 0.89%

Asset Allocation

Weighting Return Low Return High GSCHX % Rank
Bonds
101.96% -150.81% 196.48% 17.43%
Convertible Bonds
2.47% 0.00% 33.50% 35.19%
Stocks
1.28% -4.18% 99.88% 38.30%
Cash
0.75% -94.66% 258.91% 79.91%
Preferred Stocks
0.00% 0.00% 30.46% 51.96%
Other
-0.20% -62.91% 100.00% 88.85%

Stock Sector Breakdown

Weighting Return Low Return High GSCHX % Rank
Energy
68.41% 0.00% 100.00% 20.92%
Real Estate
31.59% 0.00% 100.00% 6.02%
Utilities
0.00% 0.00% 100.00% 56.16%
Technology
0.00% 0.00% 28.30% 46.99%
Industrials
0.00% 0.00% 100.00% 59.89%
Healthcare
0.00% 0.00% 18.60% 48.42%
Financial Services
0.00% 0.00% 100.00% 63.32%
Communication Services
0.00% 0.00% 100.00% 54.44%
Consumer Defense
0.00% 0.00% 99.97% 48.71%
Consumer Cyclical
0.00% 0.00% 89.95% 57.02%
Basic Materials
0.00% 0.00% 100.00% 50.14%

Stock Geographic Breakdown

Weighting Return Low Return High GSCHX % Rank
US
1.28% -4.11% 99.88% 35.32%
Non US
0.00% -0.07% 17.73% 32.03%

Bond Sector Breakdown

Weighting Return Low Return High GSCHX % Rank
Corporate
63.54% 0.00% 96.66% 18.72%
Government
13.21% 0.00% 99.43% 44.32%
Securitized
4.53% 0.00% 99.65% 76.32%
Cash & Equivalents
0.75% 0.00% 74.29% 76.22%
Municipal
0.00% 0.00% 54.26% 50.40%
Derivative
-0.20% -62.91% 37.37% 73.86%

Bond Geographic Breakdown

Weighting Return Low Return High GSCHX % Rank
US
97.52% -151.11% 196.48% 16.48%
Non US
4.43% 0.00% 67.77% 40.50%

GSCHX - Expenses

Operational Fees

GSCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.03% 20.67% 38.97%
Management Fee 0.55% 0.00% 2.29% 33.18%
12b-1 Fee 0.25% 0.00% 1.00% 28.29%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

GSCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 53.57%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GSCHX 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.

GSCHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 139.00% 0.00% 632.00% 80.08%

GSCHX - Distributions

Dividend Yield Analysis

GSCHX Category Low Category High GSCHX % Rank
Dividend Yield 5.60% 0.00% 13.03% 33.75%

Dividend Distribution Analysis

GSCHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

GSCHX Category Low Category High GSCHX % Rank
Net Income Ratio 3.12% -1.55% 10.56% 42.26%

Capital Gain Distribution Analysis

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

Distributions History

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GSCHX - Fund Manager Analysis

Managers

Ashish Shah


Start Date

Tenure

Tenure Rank

Dec 03, 2019

2.49

2.5%

Mr. Shah is Co-Chief Investment Officer of Global Fixed Income, Global Head of Corporate Credit and Head of the Cross-Sector Strategy within Fixed Income. Mr. Shah joined Goldman Sachs Asset Management, L.P. in 2018. Mr. Shah was previously at AllianceBernstein from 2010 to 2018, where he was most recently the Head of Fixed Income and Chief Investment Officer of Global Credit. Prior to AB, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008-2010). From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers.

Ron Arons


Start Date

Tenure

Tenure Rank

Dec 03, 2019

2.49

2.5%

Ron is a portfolio manager in Goldman Sachs Asset Management (GSAM), responsible for core, long duration and other multi-sector fixed income strategies. He joined Goldman Sachs as a managing director in 2010. Prior to joining the firm, Ron worked for 16 years at J.P. Morgan Asset Management, where he was a managing director responsible for the management and distribution of a broad range of fixed income products. Before that, he worked at MetLife for seven years as a trader and portfolio manager. Ron earned a BBA in Accounting from The George Washington University and an MBA from the Stern School of Business at New York University. He is a CFA charterholder.

Aakash Thombre


Start Date

Tenure

Tenure Rank

Jul 29, 2020

1.84

1.8%

Mr. Thombre is a portfolio manager specializing in multi-sector credit, high yield, bank loan, and emerging market corporate debt. He joined the Goldman Sachs Asset Management in 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.78 3.19