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Goldman Sachs Balanced Strategy Portfolio
mutual fund
GIPUX
Payout Change
Pending
Price as of:
$12.64
-0.02
-0.16%
primary theme
Tactical Allocation
GIPUX (Mutual Fund)
Goldman Sachs Balanced Strategy Portfolio
Payout Change
Pending
Price as of:
$12.64
-0.02
-0.16%
primary theme
Tactical Allocation
GIPUX (Mutual Fund)
Goldman Sachs Balanced Strategy Portfolio
Payout Change
Pending
Price as of:
$12.64
-0.02
-0.16%
primary theme
Tactical Allocation
Name
As of 12/09/2024Price
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
11.5%
1 yr return
15.0%
3 Yr Avg Return
3.9%
5 Yr Avg Return
5.7%
Net Assets
$552 M
Holdings in Top 10
81.0%
52 WEEK LOW AND HIGH
$12.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
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 12/09/2024Price
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
GIPUX - Profile
Distributions
- YTD Total Return 11.5%
- 3 Yr Annualized Total Return 3.9%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.64%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGoldman Sachs Balanced Strategy Portfolio
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateJul 31, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNeill Nuttall
Fund Description
The Fund seeks to achieve its investment objective by investing in a combination of underlying funds that currently exist or that may become available for investment in the future for which Goldman Sachs Asset Management, L.P. (“GSAM” or the “Investment Adviser”) or an affiliate now or in the future acts as investment adviser or principal underwriter without considering or canvassing the universe of unaffiliated funds available, and may also invest in unaffiliated exchange-traded funds (“ETFs”) (collectively, the “Underlying Funds”). Some of the Underlying Funds invest primarily in fixed income or money market instruments (the “Underlying Fixed Income Funds”), some of the Underlying Funds invest primarily in equity securities (the “Underlying Equity Funds”), and other Underlying Funds invest dynamically across equity, fixed income, commodity and other markets through a managed-volatility or trend-following approach (the “Underlying Dynamic Funds”).Under normal conditions, the Fund seeks to achieve its investment objective by investing approximately 50% (which allocation could be increased by 30% or decreased by 25%) of its assets in Underlying Fixed Income Funds, approximately 15% (which allocation could be increased by 5% or decreased by 15%) of its assets in the Underlying Dynamic Funds, and approximately 35% (which allocation could be increased by 25% or decreased by 30%) of its assets in Underlying Equity Funds. The allocation will be measured at the time of rebalance. Generally, the Investment Adviser rebalances the Fund approximately monthly, but the Fund can be rebalanced more or less frequently at the discretion of the Investment Adviser based on the market environment and its macro views. Unless otherwise stated herein, the Fund’s investment in any of the Underlying Funds may exceed 25% of its assets. The Investment Adviser expects that the Fund will invest a relatively significant percentage of its fixed income allocation in a combination of the Goldman Sachs High Yield Floating Rate, Goldman Sachs Global Core Fixed Income, Goldman Sachs Emerging Markets Debt, Goldman Sachs High Yield, Goldman Sachs Inflation Protected Securities, Goldman Sachs Financial Square Government Funds and the Goldman Sachs Access Investment Grade Corporate Bond ETF; a relatively significant percentage of its equity allocation in a combination of the Goldman Sachs Large Cap Growth Insights Fund, Goldman Sachs Large Cap Value Insights Fund, Small Cap Equity Insights Fund, Goldman Sachs Emerging Markets Equity Insights, Goldman Sachs International Equity Insights, Goldman Sachs Global Real Estate Securities, Goldman Sachs Global Infrastructure, Goldman Sachs International Small Cap Insights Funds and the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF, Goldman Sachs MarketBeta® International Equity ETF, Goldman Sachs ActiveBeta®International Equity ETF, Goldman Sachs MarketBeta® Emerging Markets Equity ETF, Goldman Sachs ActiveBeta® Emerging Markets Equity ETF, Goldman Sachs MarketBeta U.S. Equity ETF, and Goldman Sachs Energy Infrastructure; and a relatively significant percentage of its dynamic allocation in the Goldman Sachs Managed Futures Strategy Fund.The Fund may also use derivatives (including (i) futures contracts, including futures based on equity or fixed income indices, and interest rate futures; (ii) options, including long and short positions in call options and put options on indices, individual securities or currencies and options on futures contracts; and (iii) currency forwards, and non-deliverable forwards) to gain exposure to securities in which the Underlying Funds invest. The Fund may use derivatives for both hedging and non-hedging purposes.The Fund’s blended benchmark is the Balanced Strategy Composite Index, as discussed further under “Performance.”THE PARTICULAR UNDERLYING FUNDS IN WHICH THE FUND MAY INVEST, THE EQUITY/FIXED INCOME TARGETS AND RANGES AND INVESTMENTS IN EACH UNDERLYING FUND MAY BE CHANGED FROM TIME TO TIME WITHOUT SHAREHOLDER APPROVAL OR NOTICE.
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GIPUX - Performance
Return Ranking - Trailing
| Period | GIPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -2.4% | 32.7% | 47.91% |
| 1 Yr | 15.0% | 0.2% | 46.1% | 53.95% |
| 3 Yr | 3.9%* | -18.6% | 13.2% | 24.88% |
| 5 Yr | 5.7%* | -11.7% | 23.2% | 43.07% |
| 10 Yr | N/A* | -5.2% | 9.6% | 55.70% |
* Annualized
Return Ranking - Calendar
| Period | GIPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.9% | -18.9% | 60.2% | 35.98% |
| 2022 | -18.1% | -48.5% | 0.1% | 61.97% |
| 2021 | 1.5% | -19.0% | 48.3% | 60.85% |
| 2020 | 8.5% | -16.5% | 52.8% | 29.70% |
| 2019 | 12.8% | -8.5% | 26.6% | 32.49% |
Total Return Ranking - Trailing
| Period | GIPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.5% | -2.4% | 32.7% | 47.91% |
| 1 Yr | 15.0% | 0.2% | 46.1% | 53.95% |
| 3 Yr | 3.9%* | -18.6% | 13.2% | 24.88% |
| 5 Yr | 5.7%* | -11.7% | 23.2% | 43.07% |
| 10 Yr | N/A* | -5.2% | 9.6% | 53.69% |
* Annualized
Total Return Ranking - Calendar
| Period | GIPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -11.7% | 61.8% | 32.71% |
| 2022 | -13.7% | -48.5% | 4.6% | 45.54% |
| 2021 | 8.0% | -14.2% | 48.3% | 69.34% |
| 2020 | 11.1% | -11.7% | 77.4% | 29.21% |
| 2019 | 15.3% | -3.9% | 28.4% | 36.04% |
NAV & Total Return History
GIPUX - Holdings
Concentration Analysis
| GIPUX | Category Low | Category High | GIPUX % Rank | |
|---|---|---|---|---|
| Net Assets | 552 M | 2.19 M | 12 B | 30.70% |
| Number of Holdings | 100 | 2 | 2477 | 34.88% |
| Net Assets in Top 10 | 451 M | 1.55 M | 9.57 B | 26.98% |
| Weighting of Top 10 | 80.99% | 20.3% | 105.1% | 39.07% |
Top 10 Holdings
- Goldman Sachs Global Core Fixed Income 34.47%
- Goldman Sachs Access Investment Grade Corporate Bond Etf 10.52%
- Goldman Sachs MarketBeta US Equity ETF 10.14%
- Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 6.02%
- Goldman Sachs MarketBeta International Equity ETF 5.57%
- Goldman Sachs Large Cap Growth Insights Fund 3.70%
- Goldman Sachs Large Cap Value Insights Fund 3.13%
- Goldman Sachs ActiveBeta International Equity ETF 2.73%
- Goldman Sachs International Equity Insights Fund 2.71%
- Goldman Sachs Inflation Protected Securities Fund 2.00%
Asset Allocation
| Weighting | Return Low | Return High | GIPUX % Rank | |
|---|---|---|---|---|
| Stocks | 97.08% | 0.00% | 133.08% | 37.21% |
| Cash | 2.46% | -33.22% | 90.14% | 55.81% |
| Convertible Bonds | 2.04% | 0.00% | 8.92% | 2.79% |
| Other | 0.46% | -29.71% | 154.73% | 23.26% |
| Preferred Stocks | 0.00% | -0.16% | 5.36% | 20.93% |
| Bonds | 0.00% | 0.00% | 106.59% | 45.12% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GIPUX % Rank | |
|---|---|---|---|---|
| Technology | 18.03% | 0.00% | 85.77% | 43.65% |
| Financial Services | 13.44% | 0.00% | 98.22% | 38.67% |
| Healthcare | 10.85% | 0.00% | 38.63% | 58.01% |
| Consumer Cyclical | 10.83% | 0.00% | 25.83% | 28.18% |
| Industrials | 10.22% | 0.00% | 23.85% | 34.25% |
| Energy | 7.90% | 0.00% | 60.89% | 25.97% |
| Consumer Defense | 7.12% | 0.00% | 37.51% | 40.33% |
| Communication Services | 6.45% | 0.00% | 21.61% | 39.78% |
| Real Estate | 6.27% | 0.00% | 99.45% | 25.41% |
| Basic Materials | 4.73% | 0.00% | 56.73% | 35.36% |
| Utilities | 4.15% | 0.00% | 91.12% | 32.60% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GIPUX % Rank | |
|---|---|---|---|---|
| US | 97.08% | 0.00% | 133.08% | 36.74% |
| Non US | 0.00% | -1.94% | 37.95% | 32.09% |
GIPUX - Expenses
Operational Fees
| GIPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.72% | 0.45% | 10.24% | 94.42% |
| Management Fee | 0.15% | 0.00% | 1.50% | 3.72% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 2.11% |
| Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
| GIPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| GIPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| GIPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 1.75% | 441.00% | 8.72% |
GIPUX - Distributions
Dividend Yield Analysis
| GIPUX | Category Low | Category High | GIPUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.25% | 0.00% | 24.95% | 33.49% |
Dividend Distribution Analysis
| GIPUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GIPUX | Category Low | Category High | GIPUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.64% | -2.01% | 13.72% | 22.79% |
Capital Gain Distribution Analysis
| GIPUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.071 | OrdinaryDividend |
| Mar 27, 2024 | $0.061 | OrdinaryDividend |
| Dec 28, 2023 | $0.043 | OrdinaryDividend |
| Sep 28, 2023 | $0.075 | OrdinaryDividend |
| Jun 29, 2023 | $0.071 | OrdinaryDividend |
| Mar 30, 2023 | $0.056 | OrdinaryDividend |
| Dec 23, 2022 | $0.311 | OrdinaryDividend |
| Dec 07, 2022 | $0.139 | CapitalGainLongTerm |
| Sep 29, 2022 | $0.042 | OrdinaryDividend |
| Jun 29, 2022 | $0.051 | OrdinaryDividend |
| Mar 30, 2022 | $0.030 | OrdinaryDividend |
| Dec 30, 2021 | $0.334 | OrdinaryDividend |
| Dec 10, 2021 | $0.390 | OrdinaryDividend |
| Sep 29, 2021 | $0.026 | OrdinaryDividend |
| Jun 29, 2021 | $0.023 | OrdinaryDividend |
| Mar 30, 2021 | $0.039 | OrdinaryDividend |
| Dec 30, 2020 | $0.174 | OrdinaryDividend |
| Sep 29, 2020 | $0.038 | OrdinaryDividend |
| Jun 29, 2020 | $0.034 | OrdinaryDividend |
| Mar 30, 2020 | $0.039 | OrdinaryDividend |
| Dec 30, 2019 | $0.173 | OrdinaryDividend |
| Sep 27, 2019 | $0.035 | OrdinaryDividend |
| Mar 28, 2019 | $0.048 | OrdinaryDividend |
| Dec 28, 2018 | $0.164 | OrdinaryDividend |
| Dec 13, 2018 | $0.029 | CapitalGainShortTerm |
| Dec 13, 2018 | $0.172 | CapitalGainLongTerm |
| Jun 28, 2018 | $0.043 | OrdinaryDividend |
| Mar 28, 2018 | $0.029 | OrdinaryDividend |
| Dec 28, 2017 | $0.194 | OrdinaryDividend |
| Dec 14, 2017 | $0.191 | CapitalGainShortTerm |
| Dec 14, 2017 | $0.016 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.048 | OrdinaryDividend |
| Jun 29, 2017 | $0.040 | OrdinaryDividend |
| Mar 30, 2017 | $0.033 | OrdinaryDividend |
| Dec 29, 2016 | $0.077 | OrdinaryDividend |
| Sep 29, 2016 | $0.030 | OrdinaryDividend |
| Jun 29, 2016 | $0.032 | OrdinaryDividend |
| Mar 30, 2016 | $0.019 | OrdinaryDividend |
| Dec 30, 2015 | $0.480 | OrdinaryDividend |
| Sep 29, 2015 | $0.036 | OrdinaryDividend |
GIPUX - Fund Manager Analysis
Managers
Neill Nuttall
Start Date
Tenure
Tenure Rank
Feb 19, 2019
3.28
3.3%
Neill Nuttall is a managing director and the chief investment officer of the Multi-Asset Solutions Group (MAS) in Goldman Sachs Asset Management (GSAM). He also serves as chairman of the MAS Investment Committee. Neill joined Goldman Sachs as a managing director in GSAM in 2014. Prior to joining the firm, Neill worked for almost 30 years at JPMorgan Asset Management (JPMAM) and its heritage firms, based for 14 years in Hong Kong and subsequently in London. From 2006, Neill served as chief investment officer and head of JPMAM’s Global Multi Asset Group (GMAG) and latterly as head of Asset Allocation for GMAG. Prior to joining GMAG, Neill served as a managing director and senior strategist within JPMAM’s Currency Group. Previous roles included senior investing positions at Jardine Fleming Investment Management in the International Multi-Asset Portfolios Group. Prior to joining JPMAM, Neill worked for Standard Chartered Bank in Hong Kong and Thailand. Neill earned a BA (Hons) in politics from the University of Exeter.
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.
Alexandra Wilson-Elizondo
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
Alexandra Wilson-Elizondo is a managing director and head of multi-asset funds and model portfolio management within the Multi-Asset Solutions (MAS) Group in Goldman Sachs Asset Management, focusing on the US market. She joined Goldman Sachs as a managing director in 2020. Prior to joining the firm, Alexandra was a managing director and deputy head of global credit at MacKay Shields. She was also a member of the Investment Policy Committee, which formulated the group’s macroeconomic outlook and asset allocation decisions, and was responsible for the implementation of the investment process for the global credit team. She also served as a senior portfolio manager with oversight for the investment grade, high yield, global high yield and index strategies. Alexandra was a member of the firm’s Responsible Investing Advisory Committee and managed the ESG credit and multi-sector portfolios. Prior, she spent seven years at Vanguard as a manager on the taxable money market desk and as head of corporate credit risk for Vanguard’s fixed income index funds and ETFs. Alexandra earned a BA from Haverford College and a MBA from NYU’s Stern School of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.83 | 6.69 | 13.0 |
