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Goldman Sachs Technology Opportunities Fund
mutual fund
GSJPX
Payout Change
Suspended
Price as of:
$38.98
+0.86
+2.26%
primary theme
Technology Sector Equity
GSJPX (Mutual Fund)
Goldman Sachs Technology Opportunities Fund
Payout Change
Suspended
Price as of:
$38.98
+0.86
+2.26%
primary theme
Technology Sector Equity
GSJPX (Mutual Fund)
Goldman Sachs Technology Opportunities Fund
Payout Change
Suspended
Price as of:
$38.98
+0.86
+2.26%
primary theme
Technology Sector Equity
Name
As of 12/11/2024Price
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
Vitals
YTD Return
36.0%
1 yr return
40.3%
3 Yr Avg Return
9.2%
5 Yr Avg Return
22.6%
Net Assets
$747 M
Holdings in Top 10
60.4%
52 WEEK LOW AND HIGH
$38.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
GSJPX - Profile
Distributions
- YTD Total Return 36.0%
- 3 Yr Annualized Total Return 9.2%
- 5 Yr Annualized Total Return 22.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.43%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGoldman Sachs Technology Opportunities Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateApr 17, 2018
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSteven Barry
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 technology companies, as described below. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in companies that are considered by the Investment Adviser to benefit from the proliferation of technology. Although the Fund invests primarily in publicly traded U.S. securities, it may invest up to 25% of its total assets measured at the time of purchase (“Total Assets”) in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies. The Fund may also invest in privately held companies and companies that only recently began to trade publicly.The Fund’s fundamental equity growth investment process involves evaluating potential investments based on specific characteristics believed to indicate a high-quality business with sustainable growth, including strong business franchises, favorable long-term prospects, and excellent management. The Investment Adviser will also consider valuation of companies when determining whether to buy and/or sell securities. The Investment Adviser may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors as part of its fundamental research process. No one factor or consideration is determinative in the stock selection process. The Investment Adviser may decide to sell a position for various reasons, including when a company’s fundamental outlook deteriorates, because of valuation and price considerations, for risk management purposes, or when a company is deemed to be misallocating capital. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.The Fund intends to invest a substantial portion of its assets in technology companies. In general, the Investment Adviser defines a technology company as a high-quality technology, services, media or telecommunications company that adopts or uses technology to improve its cost structure, revenue opportunities or competitive advantage. The Investment Adviser seeks to identify technology companies that exhibit many of the following characteristics:◼Strong brand name◼Dominant market share◼Recurring revenue streams◼Free cash flow generation◼Long product life cycle◼Enduring competitive advantage◼Excellent managementThe Investment Adviser seeks to identify technology companies that are promising growth businesses. These companies may grow revenue by increasing sales volumes, prices, customers and market share. The Internet is an example of a technology that the Investment Adviser believes will drive growth for many technology businesses. The Internet has had, and is expected to continue to have, a significant impact on the global economy, as it changes the way many companies operate. Benefits of the Internet for businesses may include global scalability, acquisition of new clients, new revenue sources and increased efficiencies. Technology companies adopting innovative Internet technologies to improve their business models include providers of infrastructure, software, hardware and services.The Fund will invest at least 25% of its Total Assets in companies in one or more of the media, telecommunications, technology and/or Internet industries. Because of its focus on technology, telecommunications, Internet, services and media companies, the Fund’s investment performance will be closely tied to many factors which affect these companies. These factors include intense competition, consumer preferences, problems with product compatibility and government regulation. The Fund’s investments may experience significant price movements caused by disproportionate investor optimism or pessimism with little or no basis in fundamental economic conditions. The Fund may also invest in a relatively few number of issuers. As a result, the Fund’s net asset value (“NAV”) is more likely to have greater fluctuations than that of a fund which is more diversified or invests in other industries.The Fund’s benchmark index is the NASDAQ Composite Total Return Index.
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GSJPX - Performance
Return Ranking - Trailing
| Period | GSJPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 36.0% | -14.2% | 67.1% | 44.24% |
| 1 Yr | 40.3% | -12.5% | 75.5% | 47.93% |
| 3 Yr | 9.2%* | -28.5% | 19.0% | 40.85% |
| 5 Yr | 22.6%* | -9.1% | 32.4% | 39.59% |
| 10 Yr | N/A* | 2.0% | 26.4% | 56.74% |
* Annualized
Return Ranking - Calendar
| Period | GSJPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 58.3% | -5.6% | 96.9% | 16.67% |
| 2022 | -49.4% | -73.9% | -16.4% | 85.92% |
| 2021 | 5.7% | -44.6% | 51.5% | 47.17% |
| 2020 | 35.0% | 5.5% | 154.1% | 73.23% |
| 2019 | 20.0% | -3.0% | 63.7% | 85.11% |
Total Return Ranking - Trailing
| Period | GSJPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 36.0% | -14.2% | 67.1% | 44.24% |
| 1 Yr | 40.3% | -12.5% | 75.5% | 47.93% |
| 3 Yr | 9.2%* | -28.5% | 19.0% | 40.85% |
| 5 Yr | 22.6%* | -9.1% | 32.4% | 39.59% |
| 10 Yr | N/A* | 2.0% | 26.4% | 56.35% |
* Annualized
Total Return Ranking - Calendar
| Period | GSJPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 58.3% | -2.3% | 96.9% | 20.37% |
| 2022 | -39.1% | -67.5% | -5.9% | 68.54% |
| 2021 | 21.7% | -17.8% | 59.2% | 32.55% |
| 2020 | 45.9% | 17.5% | 157.5% | 66.16% |
| 2019 | 38.3% | 7.5% | 66.9% | 57.45% |
NAV & Total Return History
GSJPX - Holdings
Concentration Analysis
| GSJPX | Category Low | Category High | GSJPX % Rank | |
|---|---|---|---|---|
| Net Assets | 747 M | 4.67 M | 81.2 B | 55.96% |
| Number of Holdings | 30 | 10 | 321 | 94.04% |
| Net Assets in Top 10 | 474 M | 1.67 M | 56.8 B | 52.29% |
| Weighting of Top 10 | 60.37% | 12.6% | 100.0% | 23.85% |
Top 10 Holdings
- Microsoft Corp 9.78%
- Alphabet Inc 8.82%
- NVIDIA Corp 8.81%
- Amazon.com Inc 7.16%
- Marvell Technology Inc 5.41%
- Apple Inc 5.12%
- KLA Corp 4.50%
- Broadcom Inc 4.37%
- Salesforce Inc 3.25%
- Adobe Inc 3.15%
Asset Allocation
| Weighting | Return Low | Return High | GSJPX % Rank | |
|---|---|---|---|---|
| Stocks | 99.20% | 0.00% | 100.77% | 48.17% |
| Cash | 0.80% | 0.00% | 26.97% | 67.43% |
| Preferred Stocks | 0.00% | 0.00% | 8.64% | 75.23% |
| Other | 0.00% | -0.04% | 26.87% | 71.56% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 68.35% |
| Bonds | 0.00% | 0.00% | 88.05% | 67.43% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSJPX % Rank | |
|---|---|---|---|---|
| Technology | 70.38% | 2.80% | 100.00% | 50.92% |
| Communication Services | 12.26% | 0.00% | 97.05% | 29.36% |
| Consumer Cyclical | 8.44% | 0.00% | 32.97% | 33.03% |
| Real Estate | 5.30% | 0.00% | 15.05% | 5.05% |
| Financial Services | 3.63% | 0.00% | 38.36% | 55.96% |
| Utilities | 0.00% | 0.00% | 5.17% | 67.43% |
| Industrials | 0.00% | 0.00% | 38.68% | 91.28% |
| Healthcare | 0.00% | 0.00% | 25.57% | 87.61% |
| Energy | 0.00% | 0.00% | 1.24% | 67.89% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 72.02% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 70.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSJPX % Rank | |
|---|---|---|---|---|
| US | 99.20% | 0.00% | 100.77% | 32.57% |
| Non US | 0.00% | 0.00% | 63.81% | 83.49% |
GSJPX - Expenses
Operational Fees
| GSJPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.04% | 0.08% | 5.04% | 46.08% |
| Management Fee | 0.94% | 0.03% | 1.95% | 89.45% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| GSJPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| GSJPX 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.
| GSJPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.00% | 0.69% | 281.00% | 51.45% |
GSJPX - Distributions
Dividend Yield Analysis
| GSJPX | Category Low | Category High | GSJPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.82% | 76.61% |
Dividend Distribution Analysis
| GSJPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| GSJPX | Category Low | Category High | GSJPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.43% | -2.30% | 2.08% | 47.20% |
Capital Gain Distribution Analysis
| GSJPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2022 | $3.986 | CapitalGainLongTerm |
| Dec 14, 2021 | $5.303 | OrdinaryDividend |
| Dec 14, 2020 | $2.654 | OrdinaryDividend |
| Dec 12, 2019 | $3.708 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.346 | CapitalGainShortTerm |
| Dec 11, 2018 | $4.714 | CapitalGainLongTerm |
GSJPX - Fund Manager Analysis
Managers
Steven Barry
Start Date
Tenure
Tenure Rank
Oct 01, 1999
22.68
22.7%
Mr. Barry, Managing Director, Co-Chief Investment Officer of Fundamental Equity U.S. Equity, joined GSAM as a portfolio manager in 1999. Mr. Leahy, Managing Director and Co-Lead Portfolio Manager-Strategic Growth, joined GSAM as a portfolio manager in 2005. Mr. Becker, Managing Director and Co-Lead Portfolio Manager-Strategic Growth, joined GSAM in 1999. He also serves as a portfolio manager for the Growth Team and is a member of the U.S. Equity Investment Committee.
Sung Cho
Start Date
Tenure
Tenure Rank
Jan 09, 2018
4.39
4.4%
Sung Cho joined the Goldman Sachs Asset Management, LP in 2004. Sung is a portfolio manager on the US Value Equity Team, where he has broad research responsibilities across the value strategies. Previously, he supported the CEO, COO and CAO of the GSAM Fundamental Equity business on strategic projects. From 2004-2006, Sung worked in the IMD Finance and Strategy team supporting divisional management in a similar capacity. Before joining Goldman Sachs, Sung was a management consultant focused on Strategy and Operations at Deloitte Consulting. Sung earned his B.A. at Dartmouth College in Applied Mathematics. He received his Chartered Financial Analyst designation in 2008.
Charles (Brook) Dane
Start Date
Tenure
Tenure Rank
Jan 09, 2018
4.39
4.4%
Charles (Brook) Dane is a portfolio manager on the US Equity Team of Goldman Sachs Asset Management, L.P. He joined the Goldman Sachs Asset Management, L.P. in 2010 as a portfolio manager for the Value Team. Before joining the firm, Mr. Dane was a Senior Vice President at Putnam Investments. He spent 13 years at Putnam Investments as a research analyst and more recently as a portfolio manager there. Prior to that, he was an Associate at Dane, Falb, Stone & Co.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.19 | 1.41 |
