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Trending ETFs

Goldman Sachs Government Income Fund

mutual fund
GSOUX
Payout Change
Pending
Price as of:
$12.98 -0.03 -0.23%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
A (GSGOX) R6 (GSOUX) R (GSORX) Investor (GSOTX) P (GGTPX) Instl (GSOIX) C (GSOCX) S (GSOSX)
GSOUX (Mutual Fund)

Goldman Sachs Government Income Fund

Payout Change
Pending
Price as of:
$12.98 -0.03 -0.23%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
A (GSGOX) R6 (GSOUX) R (GSORX) Investor (GSOTX) P (GGTPX) Instl (GSOIX) C (GSOCX) S (GSOSX)
GSOUX (Mutual Fund)

Goldman Sachs Government Income Fund

Payout Change
Pending
Price as of:
$12.98 -0.03 -0.23%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
A (GSGOX) R6 (GSOUX) R (GSORX) Investor (GSOTX) P (GGTPX) Instl (GSOIX) C (GSOCX) S (GSOSX)

Name

As of 12/11/2024

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 Government Income Fund

GSOUX | Fund

$12.98

$124 M

2.96%

$0.39

0.90%

Vitals

YTD Return

2.5%

1 yr return

4.9%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

-0.5%

Net Assets

$124 M

Holdings in Top 10

51.0%

52 WEEK LOW AND HIGH

$13.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/11/2024

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 Government Income Fund

GSOUX | Fund

$12.98

$124 M

2.96%

$0.39

0.90%

GSOUX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.67%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Government Income Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Jul 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Stone

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 securities issued or guaranteed by the U.S. Government, its agencies, instrumentalities or sponsored enterprises (“U.S. Government Securities”), including agency issued adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities (“Agency Mortgage-Backed Securities”) and in repurchase agreements collateralized by such securities. The remainder of the Fund’s Net Assets may be invested in non-government securities such as 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 and corporate securities. The Fund also intends to invest in derivatives, including (but not limited to) futures, swaps, options on swaps and other derivative instruments, 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. 100% of the Fund’s portfolio will be invested in U.S. dollar-denominated securities.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 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 investments in non-U.S. Government Securities must be rated AAA or Aaa by a nationally recognized statistical rating organization (“NRSRO”) at the time of purchase, or, if unrated, must be determined by the Investment Adviser to be of comparable credit quality. The Fund’s target duration range under normal interest rate conditions is expected to approximate that of the Bloomberg U.S. Government/Mortgage Index, plus or minus one year, and over the past five years ended June 30, 2024, the duration of this index has ranged between 4.77 and 6.37 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 measures the Fund’s performance against the Bloomberg U.S. Government/Mortgage Index.Fixed Income Investment Philosophy:Our process:◼Combines diversified sources of return by employing multiple strategies◼Takes a global perspective to seek relative value opportunities◼Employs focused specialist teams to seek to identify short-term mis-pricings and incorporate long-term views◼Emphasizes a risk-aware approach as we view risk management as both an offensive and defensive toolNo one factor or consideration is determinative in the fundamental investment process.
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GSOUX - Performance

Return Ranking - Trailing

Period GSOUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -3.9% 27.5% 44.20%
1 Yr 4.9% -4.4% 32.7% 43.30%
3 Yr -1.7%* -7.4% 12.1% 37.67%
5 Yr -0.5%* -5.7% 3.3% 52.83%
10 Yr N/A* -2.2% 3.4% 62.74%

* Annualized

Return Ranking - Calendar

Period GSOUX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.0% 22.1% 13.39%
2022 -14.0% -20.4% -5.8% 66.82%
2021 -4.7% -7.1% 16.6% 95.41%
2020 5.0% -1.3% 8.8% 11.79%
2019 3.6% 0.3% 7.1% 37.32%

Total Return Ranking - Trailing

Period GSOUX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -3.9% 27.5% 44.20%
1 Yr 4.9% -4.4% 32.7% 43.30%
3 Yr -1.7%* -7.4% 12.1% 37.67%
5 Yr -0.5%* -5.7% 3.3% 52.83%
10 Yr N/A* -2.2% 3.4% 60.61%

* Annualized

Total Return Ranking - Calendar

Period GSOUX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -0.5% 28.8% 26.79%
2022 -12.5% -18.5% -3.3% 72.65%
2021 -2.1% -4.5% 25.3% 68.81%
2020 6.9% -1.3% 13.0% 33.49%
2019 6.1% 1.8% 11.3% 38.28%

NAV & Total Return History

GSOUX - Holdings

Concentration Analysis

GSOUX Category Low Category High GSOUX % Rank
Net Assets 124 M 8.69 M 134 B 88.39%
Number of Holdings 348 13 12380 53.57%
Net Assets in Top 10 63.9 M 5.7 M 55.6 B 83.48%
Weighting of Top 10 50.95% 6.2% 99.3% 20.98%

Top 10 Holdings

  1. Tennessee Valley Authority 15.70%
  2. U.S. Treasury Notes 6.49%
  3. U.S. Treasury Bonds 5.48%
  4. Uniform Mortgage-Backed Security, TBA 4.29%
  5. Ginnie Mae 4.05%
  6. Federal National Mortgage Association 3.69%
  7. Freddie Mac Pool 2.86%
  8. Ginnie Mae 2.81%
  9. U.S. Treasury Notes 2.80%
  10. Federal Home Loan Banks 2.78%

Asset Allocation

Weighting Return Low Return High GSOUX % Rank
Bonds 		101.82% 0.03% 161.75% 43.30%
Other 		1.53% -20.46% 42.16% 25.45%
Stocks 		0.00% 0.00% 95.39% 11.61%
Preferred Stocks 		0.00% 0.00% 0.11% 10.71%
Convertible Bonds 		0.00% 0.00% 3.29% 13.39%
Cash 		0.00% -20.28% 28.09% 93.75%

Bond Sector Breakdown

Weighting Return Low Return High GSOUX % Rank
Securitized 		55.52% 0.00% 99.79% 40.63%
Government 		37.32% 0.00% 100.00% 46.43%
Municipal 		0.44% 0.00% 5.24% 13.39%
Derivative 		0.04% -12.53% 3.25% 17.41%
Cash & Equivalents 		0.00% 0.00% 28.09% 91.07%
Corporate 		0.00% 0.00% 9.48% 38.84%

Bond Geographic Breakdown

Weighting Return Low Return High GSOUX % Rank
US 		101.82% 0.03% 161.75% 43.30%
Non US 		0.00% 0.00% 2.20% 11.16%

GSOUX - Expenses

Operational Fees

GSOUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.03% 2.85% 35.43%
Management Fee 0.53% 0.00% 0.85% 90.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GSOUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

GSOUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

GSOUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.35% 948.00% 84.16%

GSOUX - Distributions

Dividend Yield Analysis

GSOUX Category Low Category High GSOUX % Rank
Dividend Yield 2.96% 0.00% 4.94% 77.23%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GSOUX Category Low Category High GSOUX % Rank
Net Income Ratio 0.67% -0.80% 2.96% 56.05%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GSOUX - Fund Manager Analysis

Managers

Peter Stone

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

Mr. Stone is the Head of the North American Government Swaps Strategy within GSAM. He is also a member of the Duration Strategy team. Mr. Stone joined GSAM in 2007.

Raghavan Gopalsamy

Start Date

Tenure

Tenure Rank

Mar 31, 2022

0.17

0.2%

Mr. Gopalsamy is a portfolio manager on the Government/Swaps team within Fixed Income, responsible for Treasury, agency debt and interest rate derivatives strategies. Prior to joining GS Asset Management in 2008, Raghavan was an Interest Rate Derivatives Trader at JP Morgan from 2006 to 2008, following a position in the Risk Management group from 2004 to 2006. Raghavan received his BS from Binghamton University in 2002.

Jon Calluzzo

Start Date

Tenure

Tenure Rank

Mar 31, 2022

0.17

0.2%

Mr. Calluzzo, Vice President of Goldman, is a senior portfolio manager in the short duration fixed income team. Before joining Goldman in 2016, he worked at Citibank for six years in various roles, including as a trader of US Treasuries.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.43 7.35

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