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Goldman Sachs GQG Partners International Opportunities Fund
mutual fund
GSILX
Payout Change
Pending
Price as of:
$20.93
-0.17
-0.81%
primary theme
International Large-Cap Growth Equity
GSILX (Mutual Fund)
Goldman Sachs GQG Partners International Opportunities Fund
Payout Change
Pending
Price as of:
$20.93
-0.17
-0.81%
primary theme
International Large-Cap Growth Equity
GSILX (Mutual Fund)
Goldman Sachs GQG Partners International Opportunities Fund
Payout Change
Pending
Price as of:
$20.93
-0.17
-0.81%
primary theme
International Large-Cap Growth Equity
Name
As of 12/10/2024Price
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
$20.93
$34.5 B
1.32%
$0.28
1.90%
Vitals
YTD Return
9.4%
1 yr return
14.2%
3 Yr Avg Return
5.7%
5 Yr Avg Return
8.7%
Net Assets
$34.5 B
Holdings in Top 10
41.8%
52 WEEK LOW AND HIGH
$21.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.90%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 94.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
$20.93
$34.5 B
1.32%
$0.28
1.90%
GSILX - Profile
Distributions
- YTD Total Return 9.4%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.69%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGoldman Sachs GQG Partners International Opportunities Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateDec 15, 2016
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRajiv Jain
Fund Description
The Fund seeks to achieve its investment objective by investing primarily in equity investments in non-U.S. issuers. A non-U.S. issuer is an issuer economically tied to a country other than the United States. The Fund intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries. The Fund’s equity investments may include common stock, preferred stock, securities convertible into common stock, warrants, rights and American and global depositary receipts. The Fund’s equity investments may also include participation notes and other derivatives, which are used primarily to gain broad access to markets and/or individual securities that may be difficult to access via direct investment in equity securities.The Fund seeks to invest in securities that GQG Partners LLC (the “Sub-Adviser” or “GQG Partners”) believes have favorable longterm economic prospects. The Sub-Adviser selects securities issued by companies that, in its view, can sustain relative earnings growth over the long-term and are available at a reasonable price. Over a full market cycle, the Sub-Adviser’s investment style seeks to capture a portion of market increases while providing some protection when the market declines. The Sub-Adviser’s style seeks to identify companies with strong fundamental business characteristics which it believes will outperform peers over a full market cycle and whose securities will better sustain their value in a market downturn.The Fund’s equity investments may also include other investment companies and other pooled investment vehicles (including mutual funds, exchange-traded funds (“ETFs”) and publicly traded partnerships (“PTPs”)). The Fund is not subject to any limits on the market capitalization of securities in which it may invest and, from time to time, may invest in shares of companies through initial public offerings (“IPOs”).The Fund may invest without limitation in securities or obtain exposure to securities that are denominated in currencies other than the U.S. dollar. The Fund may use currency management techniques, such as forward foreign currency contracts, for investment or hedging purposes.The Fund may also invest in fixed income securities, such as government, corporate and bank debt obligations and may engage in other techniques consistent with its overall investment objective.Management ProcessThe Investment Adviser and the Fund have received an exemptive order from the Securities and Exchange Commission (“SEC”). Under the exemptive order, the Investment Adviser has the ultimate responsibility, subject to oversight by the Fund’s Board of Trustees, to oversee the Sub-Adviser and recommend its hiring, termination and replacement. The initial shareholder of the Fund approved the Fund’s operation in this manner and reliance by the Fund on this exemptive order.In accordance with a separate exemptive order that the Fund and the Investment Adviser have obtained from the SEC, the Board of Trustees may enter into a new sub-advisory agreement or materially amend its existing sub-advisory agreement with the Sub-Adviser at a meeting that is not in person, subject to certain conditions, including that the Board of Trustees is able to participate in the meeting using a means of communication that allows them to hear each other simultaneously during the meeting.Additional InformationThe Fund’s benchmark index is the MSCI ACWI ex USA Index (net, unhedged).
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GSILX - Performance
Return Ranking - Trailing
| Period | GSILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -1.8% | 39.4% | 47.37% |
| 1 Yr | 14.2% | 3.2% | 41.4% | 49.74% |
| 3 Yr | 5.7%* | -9.0% | 8.5% | 3.45% |
| 5 Yr | 8.7%* | -1.5% | 13.4% | 6.59% |
| 10 Yr | N/A* | 2.3% | 10.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GSILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.0% | -0.4% | 28.6% | 14.21% |
| 2022 | -15.4% | -49.5% | -15.2% | 1.86% |
| 2021 | 9.8% | -22.2% | 19.3% | 13.42% |
| 2020 | 14.5% | -3.7% | 85.0% | 78.22% |
| 2019 | 26.2% | -4.0% | 45.1% | 50.16% |
Total Return Ranking - Trailing
| Period | GSILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.4% | -1.8% | 39.4% | 47.37% |
| 1 Yr | 14.2% | 3.2% | 41.4% | 49.74% |
| 3 Yr | 5.7%* | -9.0% | 8.5% | 3.45% |
| 5 Yr | 8.7%* | -1.5% | 13.4% | 6.59% |
| 10 Yr | N/A* | 2.3% | 10.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GSILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.8% | 1.8% | 28.6% | 10.00% |
| 2022 | -12.1% | -44.4% | -11.0% | 2.39% |
| 2021 | 11.2% | -20.6% | 20.5% | 26.03% |
| 2020 | 14.5% | 7.6% | 97.1% | 92.84% |
| 2019 | 26.2% | 0.5% | 45.3% | 80.32% |
NAV & Total Return History
GSILX - Holdings
Concentration Analysis
| GSILX | Category Low | Category High | GSILX % Rank | |
|---|---|---|---|---|
| Net Assets | 34.5 B | 201 K | 133 B | 6.84% |
| Number of Holdings | 62 | 4 | 1806 | 62.63% |
| Net Assets in Top 10 | 20 B | 70.5 K | 36.7 B | 6.32% |
| Weighting of Top 10 | 41.79% | 10.1% | 99.9% | 20.00% |
Top 10 Holdings
- Novo Nordisk A/S 7.29%
- AstraZeneca PLC 4.87%
- Philip Morris International Inc 4.49%
- NVIDIA Corp 4.46%
- SAP SE 4.44%
- TotalEnergies SE 4.03%
- Taiwan Semiconductor Manufacturing Co Ltd 3.56%
- Nestle SA 3.14%
- Novartis AG 2.97%
- Glencore PLC 2.52%
Asset Allocation
| Weighting | Return Low | Return High | GSILX % Rank | |
|---|---|---|---|---|
| Stocks | 96.83% | 86.17% | 119.36% | 71.05% |
| Preferred Stocks | 2.99% | 0.00% | 10.21% | 2.37% |
| Cash | 0.23% | 0.00% | 19.02% | 87.63% |
| Other | 0.00% | -1.08% | 3.89% | 64.21% |
| Convertible Bonds | 0.00% | 0.00% | 2.45% | 55.67% |
| Bonds | 0.00% | 0.00% | 0.03% | 55.53% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSILX % Rank | |
|---|---|---|---|---|
| Energy | 24.97% | 0.00% | 24.97% | 1.32% |
| Basic Materials | 18.54% | 0.00% | 23.15% | 2.11% |
| Consumer Defense | 17.66% | 0.00% | 25.77% | 7.65% |
| Financial Services | 17.14% | 0.00% | 38.62% | 27.44% |
| Healthcare | 12.63% | 1.36% | 29.58% | 69.13% |
| Utilities | 4.40% | 0.00% | 9.05% | 5.28% |
| Technology | 3.85% | 1.51% | 38.21% | 98.68% |
| Industrials | 0.81% | 0.68% | 31.28% | 99.21% |
| Real Estate | 0.00% | 0.00% | 6.64% | 74.41% |
| Communication Services | 0.00% | 0.00% | 41.13% | 93.93% |
| Consumer Cyclical | 0.00% | 0.00% | 46.28% | 99.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSILX % Rank | |
|---|---|---|---|---|
| Non US | 71.84% | 0.00% | 100.55% | 81.32% |
| US | 24.99% | 0.00% | 100.02% | 22.11% |
GSILX - Expenses
Operational Fees
| GSILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.90% | 0.01% | 10.12% | 12.43% |
| Management Fee | 0.71% | 0.00% | 1.50% | 51.32% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 72.25% |
| Administrative Fee | N/A | 0.03% | 0.80% | N/A |
Sales Fees
| GSILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 53.85% |
Trading Fees
| GSILX 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.
| GSILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 94.00% | 7.00% | 149.00% | 94.01% |
GSILX - Distributions
Dividend Yield Analysis
| GSILX | Category Low | Category High | GSILX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.32% | 0.00% | 12.70% | 35.36% |
Dividend Distribution Analysis
| GSILX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| GSILX | Category Low | Category High | GSILX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.69% | -1.69% | 3.16% | 27.93% |
Capital Gain Distribution Analysis
| GSILX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.280 | OrdinaryDividend |
| Dec 20, 2022 | $0.619 | OrdinaryDividend |
| Dec 30, 2021 | $0.010 | OrdinaryDividend |
| Dec 16, 2021 | $0.226 | OrdinaryDividend |
| Dec 29, 2016 | $0.002 | OrdinaryDividend |
GSILX - Fund Manager Analysis
Managers
Rajiv Jain
Start Date
Tenure
Tenure Rank
Dec 15, 2016
5.46
5.5%
Rajiv Jain is the Chairman, Chief Investment Officer and Portfolio Manager of GQG Partners LLC. Prior to joining GQG Partners in 2016, Mr. Jain served as a Co-Chief Executive Officer, Chief Investment Officer and Head of Equities at Vontobel Asset Management (“Vontobel”). He joined Vontobel in 1994 as an equity analyst & associate manager of its international equity portfolios. Mr. Jain earned an MBA in Finance and International Business from the University of Miami in 1993. He also has a Master’s degree from the University of Ajmer and an undergraduate degree in Accounting.
Brian Kersmanc
Start Date
Tenure
Tenure Rank
Sep 01, 2019
2.75
2.8%
Brian is a deputy portfolio manager for GQG Partners LLC’s International Equity strategy since 2019 and has been a senior investment analyst on the investment team since he joined the firm in 2016. Prior to joining GQG Partners LLC, Brian spent six years at Jennison Associates, where he served most recently as an analyst on the Small/Midcap Equity Research team, focusing on a wide array of sectors from real estate equities including building products manufacturers, title insurers, and homebuilders to industrials competing in the aerospace and automotive end markets. Prior to Jennison, Brian began his career at Brown Brothers Harriman in 2008. Brian earned his MBA at Rutgers University and his BA in Economics from the University of Connecticut.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 26.94 | 7.78 | 20.01 |
