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Trending ETFs

Goldman Sachs Investment Grade Credit Fund

mutual fund
GSGAX
Payout Change
Pending
Price as of:
$8.03 -0.03 -0.37%
primary theme
Corporate Bond
share class
P (GGBPX) Investor (GTIRX) Instl (GSGDX) R6 (GTIUX) A (GSGAX) Instl (GSCPX)
GSGAX (Mutual Fund)

Goldman Sachs Investment Grade Credit Fund

Payout Change
Pending
Price as of:
$8.03 -0.03 -0.37%
primary theme
Corporate Bond
share class
P (GGBPX) Investor (GTIRX) Instl (GSGDX) R6 (GTIUX) A (GSGAX) Instl (GSCPX)
GSGAX (Mutual Fund)

Goldman Sachs Investment Grade Credit Fund

Payout Change
Pending
Price as of:
$8.03 -0.03 -0.37%
primary theme
Corporate Bond
share class
P (GGBPX) Investor (GTIRX) Instl (GSGDX) R6 (GTIUX) A (GSGAX) Instl (GSCPX)

Name

As of 12/13/2024

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 Investment Grade Credit Fund

GSGAX | Fund

$8.03

$655 M

4.39%

$0.36

0.78%

Vitals

YTD Return

3.5%

1 yr return

3.7%

3 Yr Avg Return

-2.1%

5 Yr Avg Return

0.3%

Net Assets

$655 M

Holdings in Top 10

11.0%

52 WEEK LOW AND HIGH

$8.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/13/2024

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 Investment Grade Credit Fund

GSGAX | Fund

$8.03

$655 M

4.39%

$0.36

0.78%

GSGAX - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.04%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Investment Grade Credit Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Nov 03, 2003
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Johnson

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 investment grade fixed income securities. Investment grade securities are securities that are rated at the time of purchase at least BBB– by S&P Global Ratings (“Standard & Poor’s”), at least Baa3 by Moody’s Investors Service, Inc. (“Moody’s”), or have a comparable credit rating by another nationally recognized statistical rating organization (“NRSRO”) or, if unrated, are determined by the Investment Adviser to be of comparable credit quality. The Fund may invest in corporate securities, securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises (“U.S. Government Securities”), securities representing direct or indirect interests in or that are collateralized by adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities (“Mortgage-Backed Securities”), asset-backed securities, and fixed income securities issued by or on behalf of states, territories and possessions of the United States (including the District of Columbia) and the political subdivisions, agencies and instrumentalities thereof (“Municipal Securities”). The Fund also intends to invest in derivatives, including (but not limited to) interest rate futures, interest rate swaps and credit default swaps, which are used primarily to hedge the Fund’s portfolio risks, manage the Fund’s duration and/or gain exposure to certain fixed income securities or indices. Although the Fund may invest without limit in foreign securities, the Fund’s investments in non-U.S. dollar denominated obligations (hedged or unhedged against currency risk) will not exceed 25% of its total assets at the time of investment, and 10% of the Fund’s total assets may be invested in obligations of emerging countries. Additionally, exposure to non-U.S. currencies (unhedged against currency risk) will not exceed 25% of the Fund’s total assets.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 duration range under normal interest rate conditions is expected to approximate that of the Bloomberg U.S. Credit Index, plus or minus one year, and over the last five years ended June 30, 2024, the duration of this Index has ranged between 6.5 and 8.8 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 Fund’s portfolio management team seeks to build a portfolio that reflects their investment views across the investment grade credit market consistent with the Fund’s overall risk budget and the views of the Investment Adviser’s Global Fixed Income top-down teams. As part of the Investment Adviser’s fundamental investment process, the Investment Adviser 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 Investment Adviser measures the Fund’s performance against the Bloomberg U.S. Credit Index.
Read More

GSGAX - Performance

Return Ranking - Trailing

Period GSGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.4% 9.0% 69.19%
1 Yr 3.7% 2.4% 11.8% 72.67%
3 Yr -2.1%* -7.3% 41.4% 65.50%
5 Yr 0.3%* -6.9% 25.7% 72.96%
10 Yr 2.1%* 0.1% 14.6% 75.25%

* Annualized

Return Ranking - Calendar

Period GSGAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -5.6% 6.3% 18.02%
2022 -19.4% -28.7% 142.1% 79.53%
2021 -5.8% -12.3% 4.9% 84.52%
2020 5.6% -8.0% 10.6% 51.83%
2019 9.9% 4.3% 13.4% 57.14%

Total Return Ranking - Trailing

Period GSGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.4% 9.0% 69.19%
1 Yr 3.7% 2.4% 11.8% 72.67%
3 Yr -2.1%* -7.3% 41.4% 65.50%
5 Yr 0.3%* -6.9% 25.7% 72.96%
10 Yr 2.1%* 0.1% 14.6% 75.25%

* Annualized

Total Return Ranking - Calendar

Period GSGAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.6% -5.6% 12.9% 11.05%
2022 -16.7% -25.6% 151.8% 80.12%
2021 -1.1% -5.1% 7.5% 67.86%
2020 10.1% -8.0% 116.0% 54.27%
2019 14.9% 6.7% 17.4% 26.62%

NAV & Total Return History

GSGAX - Holdings

Concentration Analysis

GSGAX Category Low Category High GSGAX % Rank
Net Assets 655 M 17.6 M 47.3 B 58.72%
Number of Holdings 500 4 10364 56.98%
Net Assets in Top 10 70.1 M -29.6 M 3.03 B 58.72%
Weighting of Top 10 11.01% 1.7% 143.7% 64.53%

Top 10 Holdings

  1. JPMorgan Chase Co 1.78%
  2. Bank of America Corp 1.28%
  3. UBS Group AG 1.11%
  4. Long: SX003151 CDS USD R F 1.00000 2 CCPCDX / Short: SX003151 CDS USD P V 03MEVENT 1 CCPCDX 1.07%
  5. Goldman Sachs Financial Square Government Fund 1.05%
  6. Morgan Stanley 1.04%
  7. BAT Capital Corp 0.98%
  8. ATT Inc 0.94%
  9. T-Mobile USA Inc 0.93%
  10. Bank of America Corp 0.83%

Asset Allocation

Weighting Return Low Return High GSGAX % Rank
Bonds 		94.28% 0.00% 136.47% 83.14%
Convertible Bonds 		6.98% 0.00% 78.47% 18.02%
Cash 		3.48% -43.80% 45.89% 36.05%
Other 		1.18% -5.08% 9.86% 28.49%
Stocks 		1.05% 0.00% 99.98% 11.63%
Preferred Stocks 		0.00% 0.00% 9.18% 78.49%

Stock Sector Breakdown

Weighting Return Low Return High GSGAX % Rank
Utilities 		0.00% 0.00% 100.00% N/A
Technology 		0.00% 0.00% 24.68% N/A
Real Estate 		0.00% 0.00% 100.00% N/A
Industrials 		0.00% 0.00% 8.34% N/A
Healthcare 		0.00% 0.00% 14.32% N/A
Financial Services 		0.00% 0.00% 100.00% N/A
Energy 		0.00% 0.00% 4.21% N/A
Communication Services 		0.00% 0.00% 8.64% N/A
Consumer Defense 		0.00% 0.00% 7.33% N/A
Consumer Cyclical 		0.00% 0.00% 11.22% N/A
Basic Materials 		0.00% 0.00% 3.60% N/A

Stock Geographic Breakdown

Weighting Return Low Return High GSGAX % Rank
US 		1.05% 0.00% 99.98% 11.63%
Non US 		0.00% 0.00% 0.00% 69.77%

Bond Sector Breakdown

Weighting Return Low Return High GSGAX % Rank
Corporate 		87.30% 41.80% 99.52% 46.51%
Government 		3.68% 0.00% 25.63% 66.28%
Derivative 		1.18% -2.44% 2.14% 3.49%
Municipal 		0.68% 0.00% 3.37% 16.86%
Cash & Equivalents 		0.00% 0.00% 45.89% 93.02%
Securitized 		0.00% 0.00% 23.18% 95.35%

Bond Geographic Breakdown

Weighting Return Low Return High GSGAX % Rank
US 		94.01% 0.00% 112.17% 75.00%
Non US 		0.28% 0.00% 47.05% 24.42%

GSGAX - Expenses

Operational Fees

GSGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.03% 3.33% 43.79%
Management Fee 0.34% 0.00% 1.35% 41.86%
12b-1 Fee 0.25% 0.00% 1.00% 41.89%
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

GSGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 4.75% 50.00%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GSGAX 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.

GSGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 259.00% 21.76%

GSGAX - Distributions

Dividend Yield Analysis

GSGAX Category Low Category High GSGAX % Rank
Dividend Yield 4.39% 0.00% 6.00% 43.60%

Dividend Distribution Analysis

GSGAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GSGAX Category Low Category High GSGAX % Rank
Net Income Ratio 2.04% 0.38% 5.93% 64.12%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GSGAX - Fund Manager Analysis

Managers

Ben Johnson

Start Date

Tenure

Tenure Rank

Dec 31, 2003

18.43

18.4%

Mr. Johnson is Head of the Global Investment Grade Credit team. Mr. Johnson joined GSAM in 1998 and specialized in credit research. Prior to that, he worked for Prudential Insurance Company of America where he invested in private placement debt securities.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.84 4.41

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