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Goldman Sachs Inflation Protected Securities Fund
mutual fund
GSRUX
Payout Change
Pending
Price as of:
$9.59
+0.0
+0.0%
primary theme
TIPS
GSRUX (Mutual Fund)
Goldman Sachs Inflation Protected Securities Fund
Payout Change
Pending
Price as of:
$9.59
+0.0
+0.0%
primary theme
TIPS
GSRUX (Mutual Fund)
Goldman Sachs Inflation Protected Securities Fund
Payout Change
Pending
Price as of:
$9.59
+0.0
+0.0%
primary theme
TIPS
Name
As of 12/10/2024Price
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
3.6%
1 yr return
5.7%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
1.9%
Net Assets
$253 M
Holdings in Top 10
89.0%
52 WEEK LOW AND HIGH
$9.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 62.00%
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 12/10/2024Price
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
GSRUX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return -1.2%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.14%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGoldman Sachs Inflation Protected Securities Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateJul 31, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Stone
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 inflation protected securities (“IPS”) of varying maturities issued by the U.S. Treasury (“TIPS”) and other U.S. and non-U.S. Government agencies and corporations (“CIPS”). IPS are designed to provide inflation protection to investors. The U.S. Treasury uses the Consumer Price Index for Urban Consumers (the “CPIU”) as the measurement of inflation, while other issuers of IPS may use other indices as the measure of inflation. IPS are income-generating instruments whose interest and principal payments are adjusted for inflation—a sustained increase in prices that erodes the purchasing power of money. The inflation adjustment, which is typically applied monthly to the principal of the bond, follows a designated inflation index, such as the CPIU. A fixed coupon rate is applied to the inflation-adjusted principal so that as inflation rises, both the principal value and the interest payments increase. This can provide investors with a hedge against inflation, as it helps preserve the purchasing power of an investment. Because of this inflation adjustment feature, inflation protected bonds typically have lower yields than conventional fixed-rate bonds.The remainder of the Fund’s Net Assets (up to 20%) may be invested in other fixed income securities, including securities issued or guaranteed by the U.S. Government, its agencies, instrumentalities or sponsored enterprises (“U.S. Government Securities”), asset-backed securities, mortgage-backed securities, corporate securities, non-investment grade fixed income securities and securities issued by foreign corporate and governmental issuers.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 also intends to invest in derivatives, including (but not limited to) futures and inflation-linked swaps, primarily to hedge the Fund’s portfolio risks, manage the Fund’s duration, and/or gain exposure to certain fixed income securities.The Fund’s target duration range under normal interest rate conditions is expected to approximate that of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index, plus or minus 2 years, and over the past five years ended June 30, 2024, the duration of this index has ranged between 4.54 and 6.84 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 Investment Adviser measures the Fund’s performance against the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index.Fixed Income Investment Philosophy:Our process:◼Combines diversified sources of return by employing multiple strategies◼Takes a global perspective to seek relative value opportunities◼Employs focused specialist teams to seek to identify short-term mis-pricings and incorporate long-term views◼Emphasizes a risk-aware approach as we view risk management as both an offensive and defensive toolNo one factor or consideration is determinative in the fundamental investment process.
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GSRUX - Performance
Return Ranking - Trailing
| Period | GSRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -11.1% | 11.9% | 58.71% |
| 1 Yr | 5.7% | -8.5% | 15.7% | 68.16% |
| 3 Yr | -1.2%* | -15.6% | 4.9% | 46.43% |
| 5 Yr | 1.9%* | -7.2% | 5.0% | 64.55% |
| 10 Yr | N/A* | -2.2% | 3.7% | 37.20% |
* Annualized
Return Ranking - Calendar
| Period | GSRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.2% | -8.7% | 5.1% | 70.85% |
| 2022 | -17.7% | -52.3% | -4.0% | 69.90% |
| 2021 | 0.1% | -7.9% | 7.7% | 69.27% |
| 2020 | 9.0% | -29.4% | 23.0% | 32.80% |
| 2019 | 5.7% | 0.8% | 16.7% | 43.62% |
Total Return Ranking - Trailing
| Period | GSRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -11.1% | 11.9% | 58.71% |
| 1 Yr | 5.7% | -8.5% | 15.7% | 68.16% |
| 3 Yr | -1.2%* | -15.6% | 4.9% | 46.43% |
| 5 Yr | 1.9%* | -7.2% | 5.0% | 64.55% |
| 10 Yr | N/A* | -2.2% | 3.7% | 35.98% |
* Annualized
Total Return Ranking - Calendar
| Period | GSRUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.7% | -5.2% | 9.5% | 51.76% |
| 2022 | -12.0% | -40.1% | 9.2% | 61.73% |
| 2021 | 5.5% | -2.7% | 37.6% | 42.19% |
| 2020 | 10.3% | -0.5% | 27.5% | 42.86% |
| 2019 | 6.7% | 2.8% | 19.3% | 58.51% |
NAV & Total Return History
GSRUX - Holdings
Concentration Analysis
| GSRUX | Category Low | Category High | GSRUX % Rank | |
|---|---|---|---|---|
| Net Assets | 253 M | 963 K | 51.8 B | 76.62% |
| Number of Holdings | 38 | 2 | 1463 | 78.11% |
| Net Assets in Top 10 | 219 M | 913 K | 25.5 B | 62.69% |
| Weighting of Top 10 | 88.97% | 9.4% | 100.0% | 9.50% |
Top 10 Holdings
- U.S. Treasury Inflation-Indexed Notes 25.73%
- U.S. Treasury Inflation-Indexed Notes 10.17%
- U.S. Treasury Inflation-Indexed Notes 9.21%
- U.S. Treasury Inflation-Indexed Notes 8.29%
- U.S. Treasury Inflation-Indexed Bonds 7.73%
- U.S. Treasury Inflation-Indexed Notes 6.67%
- U.S. Treasury Inflation-Indexed Bonds 6.22%
- U.S. Treasury Inflation-Indexed Notes 6.02%
- U.S. Treasury Inflation-Indexed Bonds 5.04%
- U.S. Treasury Inflation-Indexed Notes 3.89%
Asset Allocation
| Weighting | Return Low | Return High | GSRUX % Rank | |
|---|---|---|---|---|
| Bonds | 99.35% | 0.00% | 206.20% | 34.83% |
| Other | 0.54% | -58.58% | 66.48% | 59.70% |
| Cash | 0.11% | -42.00% | 15.77% | 79.60% |
| Stocks | 0.00% | 0.00% | 100.03% | 26.37% |
| Preferred Stocks | 0.00% | 0.00% | 1.89% | 26.87% |
| Convertible Bonds | 0.00% | 0.00% | 3.96% | 48.26% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | GSRUX % Rank | |
|---|---|---|---|---|
| Government | 98.59% | 6.70% | 112.97% | 15.92% |
| Derivative | 0.54% | -26.67% | 16.13% | 48.76% |
| Cash & Equivalents | 0.00% | 0.00% | 15.13% | 80.10% |
| Securitized | 0.00% | 0.00% | 58.03% | 76.12% |
| Corporate | 0.00% | 0.00% | 50.64% | 73.13% |
| Municipal | 0.00% | 0.00% | 1.28% | 36.32% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | GSRUX % Rank | |
|---|---|---|---|---|
| US | 99.35% | 0.00% | 184.29% | 28.36% |
| Non US | 0.00% | 0.00% | 42.19% | 53.73% |
GSRUX - Expenses
Operational Fees
| GSRUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | 22.29% | 68.84% |
| Management Fee | 0.26% | 0.00% | 0.99% | 47.26% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| GSRUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| GSRUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| GSRUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 62.00% | 0.00% | 246.00% | 53.65% |
GSRUX - Distributions
Dividend Yield Analysis
| GSRUX | Category Low | Category High | GSRUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.48% | 0.00% | 14.25% | 6.47% |
Dividend Distribution Analysis
| GSRUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| GSRUX | Category Low | Category High | GSRUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.14% | -0.06% | 6.71% | 18.69% |
Capital Gain Distribution Analysis
| GSRUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.084 | OrdinaryDividend |
| Jun 27, 2024 | $0.182 | OrdinaryDividend |
| Mar 27, 2024 | $0.104 | OrdinaryDividend |
| Dec 22, 2023 | $0.089 | OrdinaryDividend |
| Sep 28, 2023 | $0.102 | OrdinaryDividend |
| Jun 29, 2023 | $0.155 | OrdinaryDividend |
| Mar 30, 2023 | $0.025 | OrdinaryDividend |
| Dec 29, 2022 | $0.027 | OrdinaryDividend |
| Dec 07, 2022 | $0.034 | CapitalGainShortTerm |
| Sep 29, 2022 | $0.264 | OrdinaryDividend |
| Jun 29, 2022 | $0.295 | OrdinaryDividend |
| Mar 30, 2022 | $0.072 | OrdinaryDividend |
| Dec 30, 2021 | $0.129 | OrdinaryDividend |
| Dec 10, 2021 | $0.097 | CapitalGainShortTerm |
| Sep 29, 2021 | $0.202 | OrdinaryDividend |
| Jun 29, 2021 | $0.163 | OrdinaryDividend |
| Mar 30, 2021 | $0.029 | OrdinaryDividend |
| Dec 30, 2020 | $0.056 | OrdinaryDividend |
| Sep 29, 2020 | $0.032 | OrdinaryDividend |
| Jun 29, 2020 | $0.012 | OrdinaryDividend |
| Mar 30, 2020 | $0.036 | OrdinaryDividend |
| Dec 30, 2019 | $0.040 | OrdinaryDividend |
| Sep 27, 2019 | $0.057 | OrdinaryDividend |
| Mar 28, 2019 | $0.005 | OrdinaryDividend |
| Dec 28, 2018 | $0.007 | OrdinaryDividend |
| Jun 28, 2018 | $0.113 | OrdinaryDividend |
| Mar 28, 2018 | $0.026 | OrdinaryDividend |
| Dec 28, 2017 | $0.074 | OrdinaryDividend |
| Sep 28, 2017 | $0.025 | OrdinaryDividend |
| Jun 29, 2017 | $0.073 | OrdinaryDividend |
| Mar 30, 2017 | $0.038 | OrdinaryDividend |
| Sep 29, 2016 | $0.069 | OrdinaryDividend |
| Jun 29, 2016 | $0.049 | OrdinaryDividend |
GSRUX - Fund Manager Analysis
Managers
Peter Stone
Start Date
Tenure
Tenure Rank
Mar 31, 2020
2.17
2.2%
Mr. Stone is the Head of the North American Government Swaps Strategy within GSAM. He is also a member of the Duration Strategy team. Mr. Stone joined GSAM in 2007.
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.
Raghavan Gopalsamy
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Mr. Gopalsamy is a portfolio manager on the Government/Swaps team within Fixed Income, responsible for Treasury, agency debt and interest rate derivatives strategies. Prior to joining GS Asset Management in 2008, Raghavan was an Interest Rate Derivatives Trader at JP Morgan from 2006 to 2008, following a position in the Risk Management group from 2004 to 2006. Raghavan received his BS from Binghamton University in 2002.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 20.51 | 6.56 | 11.1 |
