Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

Goldman Sachs Core Fixed Income Fund

mutual fund
GDFRX
Payout Change
Pending
Price as of:
$9.2 -0.02 -0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
P (GAKPX) R6 (GCFUX) Instl (GSFIX) R (GDFRX) C (GCFCX) A (GCFIX) Investor (GDFTX) S (GSCSX)
GDFRX (Mutual Fund)

Goldman Sachs Core Fixed Income Fund

Payout Change
Pending
Price as of:
$9.2 -0.02 -0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
P (GAKPX) R6 (GCFUX) Instl (GSFIX) R (GDFRX) C (GCFCX) A (GCFIX) Investor (GDFTX) S (GSCSX)
GDFRX (Mutual Fund)

Goldman Sachs Core Fixed Income Fund

Payout Change
Pending
Price as of:
$9.2 -0.02 -0.22%
primary theme
U.S. Intermediate-Term Bond Duration
share class
P (GAKPX) R6 (GCFUX) Instl (GSFIX) R (GDFRX) C (GCFCX) A (GCFIX) Investor (GDFTX) S (GSCSX)

Name

As of 12/10/2024

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 Core Fixed Income Fund

GDFRX | Fund

$9.20

$1.98 B

3.54%

$0.33

1.05%

Vitals

YTD Return

2.9%

1 yr return

5.7%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

-0.3%

Net Assets

$1.98 B

Holdings in Top 10

30.4%

52 WEEK LOW AND HIGH

$9.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 489.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

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 Core Fixed Income Fund

GDFRX | Fund

$9.20

$1.98 B

3.54%

$0.33

1.05%

GDFRX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Core Fixed Income Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Nov 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ashish Shah

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 fixed income securities, including 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”), corporate debt securities, 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”) and asset-backed securities (including collateralized loan obligations). The Fund may also invest in custodial receipts, fixed income securities issued by or on behalf of states, territories, and possessions of the United States (including the District of Columbia) (“Municipal Securities”) and convertible securities.The Fund may also engage in forward foreign currency transactions for both hedging and non-hedging purposes. The Fund also intends to invest in derivatives, including (but not limited to) interest rate futures, interest rate swaps and credit default swaps, 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 or indices. 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 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 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. dollar denominated obligations (hedged or unhedged against currency risk) will not exceed 25% of its total assets measured at the time of purchase (“Total Assets”), and 10% of the Fund’s Total Assets may be invested in sovereign and corporate debt securities and other instruments of issuers in emerging market countries (“emerging countries debt”). Additionally, exposure to non-U.S. currencies (unhedged against currency risk) will not exceed 25% of the Fund’s Total Assets.The Fund may invest in fixed income securities rated at least BBB– or Baa3 at the time of purchase. Securities will either be rated by a nationally recognized statistical rating organization (“NRSRO”) or, if unrated, 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. Aggregate Bond Index (the “Index”) plus or minus one year, and over the last five years ended June 30, 2024, the duration of the Index has ranged between 5.63 and 6.52 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.“Core” in the Fund’s name means that the Fund focuses its investments in intermediate and long-term investment grade bonds.The Investment Adviser employs a fundamental investment process that 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. Aggregate Bond Index.
Read More

GDFRX - Performance

Return Ranking - Trailing

Period GDFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -6.3% 11.5% 81.45%
1 Yr 5.7% -2.1% 15.6% 78.65%
3 Yr -2.5%* -10.0% 28.7% 81.04%
5 Yr -0.3%* -7.2% 58.9% 70.47%
10 Yr 1.1%* -2.8% 74.0% 79.18%

* Annualized

Return Ranking - Calendar

Period GDFRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -16.2% 8.1% 37.73%
2022 -16.4% -34.7% 131.9% 64.15%
2021 -3.6% -11.6% 4.4% 56.51%
2020 4.9% -9.9% 946.1% 31.42%
2019 5.7% -1.7% 16.9% 46.34%

Total Return Ranking - Trailing

Period GDFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -6.3% 11.5% 81.45%
1 Yr 5.7% -2.1% 15.6% 78.65%
3 Yr -2.5%* -10.0% 28.7% 81.04%
5 Yr -0.3%* -7.2% 58.9% 70.47%
10 Yr 1.1%* -2.8% 74.0% 79.18%

* Annualized

Total Return Ranking - Calendar

Period GDFRX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -11.3% 11.9% 51.56%
2022 -14.5% -32.2% 131.9% 77.13%
2021 -2.2% -9.4% 9.2% 90.55%
2020 9.4% -1.9% 1009.0% 25.78%
2019 9.1% 1.1% 21668.0% 42.02%

NAV & Total Return History

GDFRX - Holdings

Concentration Analysis

GDFRX Category Low Category High GDFRX % Rank
Net Assets 1.98 B 2.9 M 314 B 44.35%
Number of Holdings 1003 1 17880 41.23%
Net Assets in Top 10 698 M 1.62 M 35.1 B 37.80%
Weighting of Top 10 30.41% 4.7% 3984.6% 29.82%

Top 10 Holdings

  1. Uniform Mortgage-Backed Security, TBA 4.45%
  2. U.S. Treasury Bonds 3.40%
  3. Ginnie Mae 3.32%
  4. Uniform Mortgage-Backed Security, TBA 3.08%
  5. Ginnie Mae 3.08%
  6. U.S. Treasury Notes 2.86%
  7. Ginnie Mae 2.84%
  8. U.S. Treasury Notes 2.63%
  9. Uniform Mortgage-Backed Security, TBA 2.54%
  10. Uniform Mortgage-Backed Security, TBA 2.20%

Asset Allocation

Weighting Return Low Return High GDFRX % Rank
Bonds 		109.17% 0.00% 9231.88% 11.81%
Convertible Bonds 		2.61% 0.00% 7.93% 14.75%
Other 		1.77% -27.25% 1695.17% 65.84%
Stocks 		0.00% 0.00% 99.98% 82.38%
Preferred Stocks 		0.00% 0.00% 72.34% 80.27%
Cash 		0.00% -54.51% 237.69% 97.92%

Bond Sector Breakdown

Weighting Return Low Return High GDFRX % Rank
Securitized 		55.80% 0.00% 98.40% 10.88%
Corporate 		23.69% 0.00% 100.00% 74.79%
Government 		17.67% 0.00% 86.23% 70.19%
Municipal 		0.76% 0.00% 100.00% 32.32%
Derivative 		0.28% -6.56% 44.82% 19.94%
Cash & Equivalents 		0.00% 0.00% 237.69% 97.51%

Bond Geographic Breakdown

Weighting Return Low Return High GDFRX % Rank
US 		109.12% 0.00% 9042.62% 10.28%
Non US 		0.05% 0.00% 189.26% 38.11%

GDFRX - Expenses

Operational Fees

GDFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.01% 39.64% 23.93%
Management Fee 0.38% 0.00% 1.76% 54.67%
12b-1 Fee 0.50% 0.00% 1.00% 73.96%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

GDFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GDFRX 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.

GDFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 489.00% 2.00% 493.39% 98.30%

GDFRX - Distributions

Dividend Yield Analysis

GDFRX Category Low Category High GDFRX % Rank
Dividend Yield 3.54% 0.00% 10.11% 66.01%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GDFRX Category Low Category High GDFRX % Rank
Net Income Ratio 0.88% -1.28% 4.79% 91.24%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GDFRX - Fund Manager Analysis

Managers

Ashish Shah

Start Date

Tenure

Tenure Rank

Jan 01, 2019

3.41

3.4%

Mr. Shah is Co-Chief Investment Officer of Global Fixed Income, Global Head of Corporate Credit and Head of the Cross-Sector Strategy within Fixed Income. Mr. Shah joined Goldman Sachs Asset Management, L.P. in 2018. Mr. Shah was previously at AllianceBernstein from 2010 to 2018, where he was most recently the Head of Fixed Income and Chief Investment Officer of Global Credit. Prior to AB, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008-2010). From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×