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Goldman Sachs Rising Dividend Growth Fund
mutual fund
GSRIX
Payout Change
Pending
Price as of:
$14.16
+0.06
+0.43%
primary theme
U.S. Large-Cap Blend Equity
GSRIX (Mutual Fund)
Goldman Sachs Rising Dividend Growth Fund
Payout Change
Pending
Price as of:
$14.16
+0.06
+0.43%
primary theme
U.S. Large-Cap Blend Equity
GSRIX (Mutual Fund)
Goldman Sachs Rising Dividend Growth Fund
Payout Change
Pending
Price as of:
$14.16
+0.06
+0.43%
primary theme
U.S. Large-Cap Blend Equity
Name
As of 12/11/2024Price
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
17.1%
1 yr return
21.3%
3 Yr Avg Return
9.4%
5 Yr Avg Return
15.3%
Net Assets
$492 M
Holdings in Top 10
17.5%
52 WEEK LOW AND HIGH
$14.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.02%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
GSRIX - Profile
Distributions
- YTD Total Return 17.1%
- 3 Yr Annualized Total Return 9.4%
- 5 Yr Annualized Total Return 15.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.71%
- Dividend Yield 1.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGoldman Sachs Rising Dividend Growth Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateFeb 27, 2012
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAron Kershner
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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GSRIX - Performance
Return Ranking - Trailing
| Period | GSRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.1% | 4.3% | 46.2% | 91.83% |
| 1 Yr | 21.3% | 5.8% | 61.3% | 92.24% |
| 3 Yr | 9.4%* | -11.0% | 19.2% | 48.42% |
| 5 Yr | 15.3%* | -7.6% | 110.6% | 61.99% |
| 10 Yr | 10.1%* | -0.1% | 52.9% | 87.66% |
* Annualized
Return Ranking - Calendar
| Period | GSRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.5% | -42.6% | 47.4% | 88.01% |
| 2022 | -18.1% | -56.3% | -4.2% | 17.99% |
| 2021 | 18.2% | -27.2% | 537.8% | 46.28% |
| 2020 | 4.0% | -22.5% | 2181.7% | 86.74% |
| 2019 | 12.4% | -13.5% | 40.4% | 92.81% |
Total Return Ranking - Trailing
| Period | GSRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.1% | 4.3% | 46.2% | 91.83% |
| 1 Yr | 21.3% | 5.8% | 61.3% | 92.24% |
| 3 Yr | 9.4%* | -11.0% | 19.2% | 48.42% |
| 5 Yr | 15.3%* | -7.6% | 110.6% | 61.99% |
| 10 Yr | 10.1%* | -0.1% | 52.9% | 87.66% |
* Annualized
Total Return Ranking - Calendar
| Period | GSRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.7% | -5.0% | 47.4% | 78.99% |
| 2022 | -6.8% | -36.8% | -2.2% | 3.50% |
| 2021 | 31.9% | 3.0% | 537.8% | 4.99% |
| 2020 | 9.0% | -15.8% | 2266.0% | 91.40% |
| 2019 | 25.1% | -0.4% | 241.3% | 87.83% |
NAV & Total Return History
GSRIX - Holdings
Concentration Analysis
| GSRIX | Category Low | Category High | GSRIX % Rank | |
|---|---|---|---|---|
| Net Assets | 492 M | 2.34 M | 1.55 T | 67.27% |
| Number of Holdings | 118 | 2 | 3963 | 48.15% |
| Net Assets in Top 10 | 88.1 M | 880 K | 525 B | 80.63% |
| Weighting of Top 10 | 17.55% | 0.3% | 111.6% | 97.68% |
Top 10 Holdings
- Comcast Corp 2.51%
- Energy Transfer LP 1.86%
- MPLX LP 1.84%
- Goldman Sachs Financial Square Government Fund 1.83%
- Accenture PLC 1.73%
- Sunoco LP 1.59%
- Intuit Inc 1.56%
- Oracle Corp 1.55%
- Texas Instruments Inc 1.54%
- Enterprise Products Partners LP 1.54%
Asset Allocation
| Weighting | Return Low | Return High | GSRIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.73% | 0.00% | 105.79% | 19.54% |
| Cash | 0.26% | 0.00% | 99.07% | 76.17% |
| Other | 0.01% | -13.91% | 100.00% | 28.19% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 63.89% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 62.28% |
| Bonds | 0.00% | 0.00% | 93.85% | 65.29% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSRIX % Rank | |
|---|---|---|---|---|
| Technology | 18.76% | 0.00% | 48.94% | 80.10% |
| Energy | 17.04% | 0.00% | 41.64% | 0.84% |
| Financial Services | 12.90% | 0.00% | 55.59% | 72.46% |
| Healthcare | 12.57% | 0.00% | 52.29% | 82.62% |
| Consumer Cyclical | 11.20% | 0.00% | 30.33% | 36.10% |
| Industrials | 8.28% | 0.00% | 29.90% | 64.65% |
| Communication Services | 5.71% | 0.00% | 27.94% | 81.70% |
| Consumer Defense | 5.51% | 0.00% | 47.71% | 80.35% |
| Basic Materials | 3.36% | 0.00% | 25.70% | 29.97% |
| Real Estate | 2.51% | 0.00% | 31.91% | 59.11% |
| Utilities | 2.14% | 0.00% | 20.91% | 63.64% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSRIX % Rank | |
|---|---|---|---|---|
| US | 99.73% | 0.00% | 105.79% | 16.98% |
| Non US | 0.00% | 0.00% | 63.83% | 68.59% |
GSRIX - Expenses
Operational Fees
| GSRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.01% | 19.75% | 33.36% |
| Management Fee | 0.75% | 0.00% | 1.90% | 90.14% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| GSRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GSRIX 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.
| GSRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 38.00% | 0.00% | 268.00% | 68.30% |
GSRIX - Distributions
Dividend Yield Analysis
| GSRIX | Category Low | Category High | GSRIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.59% | 0.00% | 25.47% | 31.65% |
Dividend Distribution Analysis
| GSRIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GSRIX | Category Low | Category High | GSRIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.71% | -54.00% | 2.44% | 49.54% |
Capital Gain Distribution Analysis
| GSRIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.057 | OrdinaryDividend |
| Mar 27, 2024 | $0.060 | OrdinaryDividend |
| Dec 22, 2023 | $0.034 | OrdinaryDividend |
| Dec 13, 2023 | $0.679 | CapitalGainLongTerm |
| Sep 28, 2023 | $0.077 | OrdinaryDividend |
| Jun 29, 2023 | $0.208 | OrdinaryDividend |
| Mar 30, 2023 | $0.112 | OrdinaryDividend |
| Dec 29, 2022 | $0.110 | OrdinaryDividend |
| Dec 13, 2022 | $1.336 | OrdinaryDividend |
| Sep 29, 2022 | $0.053 | OrdinaryDividend |
| Jun 29, 2022 | $0.063 | OrdinaryDividend |
| Mar 30, 2022 | $0.055 | OrdinaryDividend |
| Dec 30, 2021 | $0.052 | OrdinaryDividend |
| Dec 14, 2021 | $1.169 | OrdinaryDividend |
| Sep 29, 2021 | $0.189 | OrdinaryDividend |
| Jun 29, 2021 | $0.064 | OrdinaryDividend |
| Mar 30, 2021 | $0.065 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.279 | OrdinaryDividend |
| Dec 14, 2020 | $0.043 | CapitalGainLongTerm |
| Sep 29, 2020 | $0.084 | OrdinaryDividend |
| Jun 29, 2020 | $0.060 | OrdinaryDividend |
| Mar 30, 2020 | $0.047 | OrdinaryDividend |
| Dec 18, 2019 | $0.076 | OrdinaryDividend |
| Dec 12, 2019 | $0.184 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.796 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.065 | OrdinaryDividend |
| Mar 28, 2019 | $0.121 | OrdinaryDividend |
| Dec 11, 2018 | $9.043 | CapitalGainLongTerm |
| Jun 28, 2018 | $0.102 | OrdinaryDividend |
| Mar 28, 2018 | $0.072 | OrdinaryDividend |
| Dec 20, 2017 | $0.069 | OrdinaryDividend |
| Dec 11, 2017 | $3.908 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.102 | OrdinaryDividend |
| Jun 29, 2017 | $0.137 | OrdinaryDividend |
| Mar 30, 2017 | $0.110 | OrdinaryDividend |
| Dec 20, 2016 | $0.067 | OrdinaryDividend |
| Dec 09, 2016 | $0.361 | CapitalGainLongTerm |
| Sep 29, 2016 | $0.086 | OrdinaryDividend |
| Jun 29, 2016 | $0.077 | OrdinaryDividend |
| Mar 30, 2016 | $0.112 | OrdinaryDividend |
| Dec 21, 2015 | $0.031 | OrdinaryDividend |
| Sep 29, 2015 | $0.062 | OrdinaryDividend |
| Jun 29, 2015 | $0.075 | OrdinaryDividend |
| Mar 30, 2015 | $0.070 | OrdinaryDividend |
| Dec 04, 2014 | $0.053 | OrdinaryDividend |
| Sep 29, 2014 | $0.052 | OrdinaryDividend |
| Jun 27, 2014 | $0.055 | OrdinaryDividend |
| Mar 28, 2014 | $0.059 | OrdinaryDividend |
| Dec 05, 2013 | $0.048 | OrdinaryDividend |
| Sep 27, 2013 | $0.044 | OrdinaryDividend |
| Jun 27, 2013 | $0.051 | OrdinaryDividend |
| Mar 27, 2013 | $0.046 | OrdinaryDividend |
| Dec 05, 2012 | $0.062 | OrdinaryDividend |
| Sep 27, 2012 | $0.045 | OrdinaryDividend |
| Jun 29, 2012 | $0.067 | OrdinaryDividend |
| Mar 29, 2012 | $0.046 | OrdinaryDividend |
GSRIX - Fund Manager Analysis
Managers
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.
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.
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 | 7.27 | 2.42 |
