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Trending ETFs

Goldman Sachs Rising Dividend Growth Fund

mutual fund
GSRAX
Payout Change
Pending
Price as of:
$12.17 +0.02 +0.16%
primary theme
U.S. Large-Cap Blend Equity
GSRAX (Mutual Fund)

Goldman Sachs Rising Dividend Growth Fund

Payout Change
Pending
Price as of:
$12.17 +0.02 +0.16%
primary theme
U.S. Large-Cap Blend Equity
GSRAX (Mutual Fund)

Goldman Sachs Rising Dividend Growth Fund

Payout Change
Pending
Price as of:
$12.17 +0.02 +0.16%
primary theme
U.S. Large-Cap Blend Equity

Name

As of 05/17/2024

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

$12.17

$492 M

1.72%

$0.21

1.27%

Vitals

YTD Return

8.1%

1 yr return

22.2%

3 Yr Avg Return

9.5%

5 Yr Avg Return

13.1%

Net Assets

$492 M

Holdings in Top 10

18.1%

52 WEEK LOW AND HIGH

$12.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.27%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 38.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/17/2024

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

$12.17

$492 M

1.72%

$0.21

1.27%

GSRAX - Profile

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 9.5%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.42%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Goldman Sachs Rising Dividend Growth Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Mar 23, 2004
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Monali Vora

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 of dividend-paying U.S. and foreign companies with market capitalizations of at least $500 million.10/10 Equity InvestmentsThe Investment Adviser’s Quantitative Investment Strategies (“QIS”) team manages the Fund’s equity investments, including investments that meet the 10/10 Test described below (the “10/10 Sleeve”). The Fund will generally invest in common and preferred stocks as well as real estate investment trusts (“REITs”) that have paid dividends over the previous 10 years or more and have increased their dividends per share by approximately 10% or more per year, on average, over a 10-year trailing period (the “10/10 Test”). For purposes of this determination, issuers must have increased dividends by 5% or more on a year-over-year basis for at least 5 distinct calendar years over the 10-year trailing period. Once a company’s stock is purchased by the Fund, if the stock’s average annual dividend growth rate declines below approximately 10% per year over a 10-year trailing period, or the company has more than one year-over-year decrease in dividends per share over a 10-year trailing period, the position will generally be sold. The QIS team uses a systematic, rules-based approach, in combination with a qualitative overlay, to select the stocks in which the Fund invests. The Fund may invest in stocks other than those generated by the QIS team’s proprietary models, at the discretion of the portfolio managers.MLP & Energy Infrastructure InvestmentsThe Investment Adviser’s Energy Infrastructure & Renewables team manages the Fund’s investments in master limited partnerships (“MLPs”) and energy infrastructure companies (the “MLP & Energy Infrastructure Sleeve”). The Fund may invest in MLPs and energy infrastructure companies irrespective of the 10/10 Test. The MLP & Energy Infrastructure Sleeve will generally consist of 15% of the Fund’s Net Assets but will not exceed 20% of Net Assets measured at the time of purchase.The MLP & Energy Infrastructure Sleeve will generally invest in traditional or alternative midstream (energy infrastructure) businesses, which include businesses that are engaged in the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage, terminalling, wholesale marketing, liquefaction/regasification of natural gas, natural gas liquids, crude oil, refined products or other energy sources as well as businesses engaged in owning, storing and transporting alternative energy sources, such as renewables (wind, solar, hydrogen, geothermal, biomass) and alternative fuels (ethanol, hydrogen, biodiesel).The Fund’s benchmark is the S&P 500® Index.
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GSRAX - Performance

Return Ranking - Trailing

Period GSRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -0.4% 18.5% 85.67%
1 Yr 22.2% 3.8% 52.7% 79.49%
3 Yr 9.5%* -12.7% 16.1% 35.04%
5 Yr 13.1%* -0.8% 109.2% 65.16%
10 Yr 9.6%* 2.7% 21.1% 87.50%

* Annualized

Return Ranking - Calendar

Period GSRAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -42.6% 47.4% 90.46%
2022 -18.8% -56.3% -4.2% 22.92%
2021 17.3% -27.2% 53.7% 47.33%
2020 3.7% -36.2% 2181.7% 88.06%
2019 11.9% -22.7% 40.4% 93.66%

Total Return Ranking - Trailing

Period GSRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -0.4% 18.5% 85.67%
1 Yr 22.2% 3.8% 52.7% 79.49%
3 Yr 9.5%* -12.7% 16.1% 35.04%
5 Yr 13.1%* -0.8% 109.2% 65.16%
10 Yr 9.6%* 2.7% 21.1% 87.50%

* Annualized

Total Return Ranking - Calendar

Period GSRAX Return Category Return Low Category Return High Rank in Category (%)
2023 17.3% -5.0% 47.4% 80.85%
2022 -7.0% -36.8% -2.2% 3.55%
2021 31.5% 3.0% 124.3% 5.74%
2020 8.7% -15.8% 2266.0% 91.65%
2019 24.9% -0.4% 241.3% 88.56%

NAV & Total Return History


GSRAX - Holdings

Concentration Analysis

GSRAX Category Low Category High GSRAX % Rank
Net Assets 492 M 2.34 M 1.55 T 66.67%
Number of Holdings 121 2 4048 46.28%
Net Assets in Top 10 86.4 M 885 K 387 B 78.18%
Weighting of Top 10 18.12% 0.3% 112.0% 97.43%

Top 10 Holdings

  1. Comcast Corp 2.57%
  2. Energy Transfer LP 2.09%
  3. Enterprise Products Partners LP 1.90%
  4. Goldman Sachs Financial Square Government Fund 1.88%
  5. MPLX LP 1.82%
  6. Oracle Corp 1.61%
  7. Microsoft Corp 1.61%
  8. Accenture PLC 1.57%
  9. Applied Materials Inc 1.54%
  10. Intuit Inc 1.53%

Asset Allocation

Weighting Return Low Return High GSRAX % Rank
Stocks
99.31% 0.00% 124.03% 34.69%
Cash
0.60% 0.00% 99.06% 66.27%
Other
0.09% -13.91% 100.00% 21.10%
Preferred Stocks
0.00% 0.00% 2.38% 67.63%
Convertible Bonds
0.00% 0.00% 5.54% 66.48%
Bonds
0.00% -0.37% 93.78% 68.51%

Stock Sector Breakdown

Weighting Return Low Return High GSRAX % Rank
Technology
18.76% 0.00% 48.94% 80.47%
Energy
17.04% 0.00% 41.64% 0.81%
Financial Services
12.90% 0.00% 55.59% 71.93%
Healthcare
12.57% 0.00% 60.70% 82.51%
Consumer Cyclical
11.20% 0.00% 30.33% 37.02%
Industrials
8.28% 0.00% 29.90% 64.28%
Communication Services
5.71% 0.00% 27.94% 82.18%
Consumer Defense
5.51% 0.00% 47.71% 80.55%
Basic Materials
3.36% 0.00% 25.70% 29.70%
Real Estate
2.51% 0.00% 31.91% 58.99%
Utilities
2.14% 0.00% 20.91% 63.63%

Stock Geographic Breakdown

Weighting Return Low Return High GSRAX % Rank
US
99.31% 0.00% 124.03% 28.06%
Non US
0.00% 0.00% 62.81% 72.10%

GSRAX - Expenses

Operational Fees

GSRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.01% 19.75% 22.69%
Management Fee 0.75% 0.00% 1.90% 89.56%
12b-1 Fee 0.25% 0.00% 1.00% 52.56%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

GSRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 1.00% 5.75% 58.04%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GSRAX 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.

GSRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 496.00% 67.55%

GSRAX - Distributions

Dividend Yield Analysis

GSRAX Category Low Category High GSRAX % Rank
Dividend Yield 1.72% 0.00% 25.47% 31.41%

Dividend Distribution Analysis

GSRAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

GSRAX Category Low Category High GSRAX % Rank
Net Income Ratio 0.42% -54.00% 6.06% 66.37%

Capital Gain Distribution Analysis

GSRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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GSRAX - Fund Manager Analysis

Managers

Monali Vora


Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

Monali Vora is a member of the Customized Beta Strategies team. Prior to working in the Customized Beta Strategies team, she spent six years as a member of the QIS Equity Portfolio Implementation team. Ms. Vora joined Goldman Sachs Asset Management, LP in 2000. She received her Bachelor of Mathematics from the University of Waterloo in 2000.

Aron Kershner


Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

Aron Kershner is a Portfolio Manager on the Quantitative Investment Strategies (QIS) team. Previously, he is a member of the Customized Beta Strategies team. Prior to working in the Customized Beta Strategies team, he spent two years as a member of the QIS Product Strategy team. Mr. Kershner joined Goldman Sachs Asset Management, L.P. in 2005.

Kyri Loupis


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Mr. Loupis joined Goldman Sachs Asset Management, L.P in 2009 and is a portfolio manager and head of the Energy & Infrastructure team. Prior to joining the Goldman Sachs he spent over eight years at Lehman Brothers covering the energy sector, from 2000-2006 in the Investment Banking Division, and from 2006-2009 in the Private Equity group, where he co-founded an energy investment fund with a focus in MLPs.

Siwen Wu


Start Date

Tenure

Tenure Rank

May 24, 2021

1.02

1.0%

Mr. Wu is a Vice President focusing on multi-asset funds and institutional portfolios within the Global Portfolio Solutions (GPS) Group in GSAM. Prior to joining GPS in 2014, Mr. Wu spent two years in the Market Risk Management Group at Goldman Sachs where he worked on risk analysis and capital efficiency projects for the Securities Division businesses.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.28 2.42