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Trending ETFs

Goldman Sachs U.S. Mortgages Fund

mutual fund
GSUIX
Payout Change
Pending
Price as of:
$8.88 -0.04 -0.45%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
Instl (GSUIX) P (GSBPX) R6 (GGIUX) A (GSUAX) Investor (GGIRX) Instl (GSUPX)
GSUIX (Mutual Fund)

Goldman Sachs U.S. Mortgages Fund

Payout Change
Pending
Price as of:
$8.88 -0.04 -0.45%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
Instl (GSUIX) P (GSBPX) R6 (GGIUX) A (GSUAX) Investor (GGIRX) Instl (GSUPX)
GSUIX (Mutual Fund)

Goldman Sachs U.S. Mortgages Fund

Payout Change
Pending
Price as of:
$8.88 -0.04 -0.45%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
Instl (GSUIX) P (GSBPX) R6 (GGIUX) A (GSUAX) Investor (GGIRX) Instl (GSUPX)

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 U.S. Mortgages Fund

GSUIX | Fund

$8.88

$189 M

3.99%

$0.36

0.58%

Vitals

YTD Return

2.3%

1 yr return

2.8%

3 Yr Avg Return

-2.1%

5 Yr Avg Return

-0.4%

Net Assets

$189 M

Holdings in Top 10

54.8%

52 WEEK LOW AND HIGH

$8.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

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 U.S. Mortgages Fund

GSUIX | Fund

$8.88

$189 M

3.99%

$0.36

0.58%

GSUIX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.16%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs U.S. Mortgages Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Nov 03, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Hogan

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 representing direct or indirect interests in or that are collateralized by adjustable rate and fixed rate mortgage loans or other mortgage-related securities (“Mortgage-Backed Securities”) of U.S. issuers, including agency issued Mortgage-Backed Securities (“Agency Mortgage-Backed Securities”). The Fundgenerally expects to invest at least 90%of itsNetAssets in Agency Mortgage-Backed Securitiesin addition to other securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises (“U.S. Government Securities”).A U.S. issuer is an issuer economically tied to the United States. The Fund may also invest in mortgage dollar rolls, asset-backed securities (including collateralized loan obligations (“CLOs”)) and foreign securities. The Fund also intends to invest in derivatives, including (but not limited to) interest rate futures, interest rate swaps and credit default swaps, primarily to manage the Fund’s duration, hedge the Fund’s portfolio risks, and/or gain exposure to certain fixed income 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 must be 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, 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. Securitized Bond Index plus or minus 0.5 years, and over the past five years ended June 30, 2024, the duration of this Index has ranged between 2.01 and 6.60 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 may implement short positions and may do so by using swaps, options or futures, TBA agreements in Agency Mortgage-Backed Securities, or through short sales of any instrument that the Fund may purchase for investment. For example, the Fund may enter into a futures contract pursuant to which it agrees to sell an asset (that it does not currently own) at a specified price at a specified point in the future. This gives the Fund a short position with respect to that asset. The Fund may utilize short positions to implement macro views on securities valuations, long term views on relative value or short term views on security mispricings, as well as any other views the Investment Adviser deems appropriate. For example, the Fund may enter into a TBA agreement to sell an Agency Mortgage-Backed Security that it believes will underperform. The Fund will benefit from a short position to the extent the asset decreases in value (and will be harmed to the extent the asset increases in value) between the time it enters into the futures contract and the agreed date of sale. Alternatively, the Fund may sell an instrument (e.g., a bond, or a futures contract) it does not own in anticipation of a decline in the market value of the instrument, and then borrow the instrument to make delivery to the buyer. In these transactions, the Fund is obligated to replace the instrument borrowed by purchasing it at the market price at the time of replacement.The Fund’s portfolio managers seek to build a portfolio that reflects their investment views across the U.S. mortgages 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. Securitized Bond Index.
Read More

GSUIX - Performance

Return Ranking - Trailing

Period GSUIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -3.9% 27.5% 18.30%
1 Yr 2.8% -4.4% 32.7% 15.18%
3 Yr -2.1%* -7.4% 12.1% 41.70%
5 Yr -0.4%* -5.7% 3.3% 30.19%
10 Yr 0.9%* -2.2% 3.4% 22.29%

* Annualized

Return Ranking - Calendar

Period GSUIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -1.0% 22.1% 44.64%
2022 -14.6% -20.4% -5.8% 82.96%
2021 -3.0% -7.1% 16.6% 48.17%
2020 2.8% -1.3% 8.8% 57.08%
2019 2.9% 0.3% 7.1% 63.64%

Total Return Ranking - Trailing

Period GSUIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -3.9% 27.5% 18.30%
1 Yr 2.8% -4.4% 32.7% 15.18%
3 Yr -2.1%* -7.4% 12.1% 41.70%
5 Yr -0.4%* -5.7% 3.3% 30.19%
10 Yr 0.9%* -2.2% 3.4% 22.29%

* Annualized

Total Return Ranking - Calendar

Period GSUIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -0.5% 28.8% 8.04%
2022 -12.4% -18.5% -3.3% 69.96%
2021 -1.1% -4.5% 25.3% 33.49%
2020 6.0% -1.3% 13.0% 50.00%
2019 6.4% 1.8% 11.3% 22.01%

NAV & Total Return History

GSUIX - Holdings

Concentration Analysis

GSUIX Category Low Category High GSUIX % Rank
Net Assets 189 M 8.69 M 134 B 77.23%
Number of Holdings 767 13 12380 33.48%
Net Assets in Top 10 103 M 5.7 M 55.6 B 73.21%
Weighting of Top 10 54.79% 6.2% 99.3% 17.86%

Top 10 Holdings

  1. Ginnie Mae 7.44%
  2. Ginnie Mae 6.67%
  3. Uniform Mortgage-Backed Security, TBA 5.96%
  4. Uniform Mortgage-Backed Security, TBA 5.93%
  5. Ginnie Mae 5.89%
  6. Ginnie Mae 4.95%
  7. Fannie Mae Pool 4.84%
  8. U.S. Treasury Bills 4.61%
  9. Ginnie Mae 4.25%
  10. Uniform Mortgage-Backed Security, TBA 4.24%

Asset Allocation

Weighting Return Low Return High GSUIX % Rank
Bonds 		120.92% 0.03% 161.75% 11.16%
Cash 		6.73% -20.28% 28.09% 16.52%
Other 		0.04% -20.46% 42.16% 55.36%
Stocks 		0.00% 0.00% 95.39% 16.96%
Preferred Stocks 		0.00% 0.00% 0.11% 16.96%
Convertible Bonds 		0.00% 0.00% 3.29% 19.20%

Bond Sector Breakdown

Weighting Return Low Return High GSUIX % Rank
Securitized 		91.30% 0.00% 99.79% 11.61%
Cash & Equivalents 		6.73% 0.00% 28.09% 12.95%
Government 		3.74% 0.00% 100.00% 74.55%
Municipal 		0.08% 0.00% 5.24% 19.64%
Corporate 		0.00% 0.00% 9.48% 42.86%
Derivative 		-0.01% -12.53% 3.25% 63.84%

Bond Geographic Breakdown

Weighting Return Low Return High GSUIX % Rank
US 		120.92% 0.03% 161.75% 11.16%
Non US 		0.00% 0.00% 2.20% 17.41%

GSUIX - Expenses

Operational Fees

GSUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.03% 2.85% 60.09%
Management Fee 0.34% 0.00% 0.85% 48.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GSUIX 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

GSUIX 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.

GSUIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.35% 948.00% 94.06%

GSUIX - Distributions

Dividend Yield Analysis

GSUIX Category Low Category High GSUIX % Rank
Dividend Yield 3.99% 0.00% 4.94% 17.86%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GSUIX Category Low Category High GSUIX % Rank
Net Income Ratio 0.16% -0.80% 2.96% 82.06%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GSUIX - Fund Manager Analysis

Managers

Christopher Hogan

Start Date

Tenure

Tenure Rank

Jul 29, 2009

12.85

12.9%

Mr. Hogan is co-head of the Global Securitized Investment team and head of the Agency MBS Investment team. He specializes in agency mortgage-backed securities. Prior to joining the fixed income team in 2003, Mr. Hogan worked in Private Wealth Management at Goldman Sachs.

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.

Rob Pyne

Start Date

Tenure

Tenure Rank

Mar 31, 2022

0.17

0.2%

Tenure Analysis

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

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