Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX)
The fund invests in a diversified portfolio of global equity asset classes, including underlying funds, futures, forwards, options, and other instruments with similar exposures. It may invest in underlying funds where the adviser or an affiliate acts as adviser or principal underwriter.
Fund Info
| ISIN | US38142V5710 |
|---|---|
| CUSIP | 38142V571 |
| Issuer | Goldman Sachs |
| Inception Date | Jan 2, 1998 |
| Category | Global Equities |
| Min. Investment | $1,000 |
| Home Page | www.gsam.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
GAPAX has a high expense ratio of 0.89%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: GAPAX vs. SFLNX, GAPAX vs. VFIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Dynamic Global Equity Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Goldman Sachs Dynamic Global Equity Fund Class A had a return of 10.36% year-to-date (YTD) and 21.86% in the last 12 months. Over the past 10 years, Goldman Sachs Dynamic Global Equity Fund Class A had an annualized return of 8.35%, while the S&P 500 had an annualized return of 10.99%, indicating that Goldman Sachs Dynamic Global Equity Fund Class A did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.36% | 11.18% |
| 1 month | 6.69% | 5.60% |
| 6 months | 16.90% | 17.48% |
| 1 year | 21.86% | 26.33% |
| 5 years (annualized) | 10.43% | 13.16% |
| 10 years (annualized) | 8.35% | 10.99% |
Monthly Returns
The table below presents the monthly returns of GAPAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.51% | 4.78% | 3.36% | -4.18% | 10.36% | ||||||||
| 2023 | 7.39% | -3.01% | 2.99% | 1.40% | -1.54% | 5.61% | 3.37% | -2.91% | -4.17% | -2.87% | 8.64% | 4.75% | 20.25% |
| 2022 | -5.09% | -2.96% | 1.86% | -7.71% | 0.56% | -8.61% | 6.67% | -4.13% | -9.92% | 6.76% | 8.02% | -4.52% | -19.30% |
| 2021 | -0.09% | 2.39% | 3.52% | 4.16% | 2.08% | 1.33% | 0.57% | 2.49% | -4.54% | 4.59% | -2.47% | 4.88% | 20.10% |
| 2020 | -1.40% | -8.03% | -15.41% | 10.46% | 5.31% | 2.96% | 5.18% | 5.03% | -2.45% | -2.51% | 11.74% | 4.94% | 13.19% |
| 2019 | 8.61% | 1.64% | 1.39% | 3.30% | -6.06% | 6.63% | -0.16% | -1.76% | 2.06% | 2.71% | 2.17% | 3.29% | 25.65% |
| 2018 | 5.84% | -4.66% | -0.53% | 0.11% | 0.37% | -1.42% | 2.40% | 0.52% | -0.31% | -8.32% | 1.53% | -6.69% | -11.39% |
| 2017 | 3.02% | 2.86% | 1.24% | 1.77% | 1.80% | 0.83% | 3.45% | 1.24% | 1.90% | 2.03% | 1.34% | 1.86% | 25.97% |
| 2016 | -5.75% | -1.47% | 7.31% | 0.97% | 0.62% | -0.89% | 4.14% | 0.46% | 0.59% | -1.77% | 1.14% | 1.83% | 6.84% |
| 2015 | -1.04% | 5.24% | -1.13% | 2.28% | 0.72% | -2.02% | 1.20% | -6.31% | -3.02% | 7.45% | 0.07% | -1.90% | 0.82% |
| 2014 | -3.64% | 5.59% | -0.14% | 0.34% | 2.13% | 2.02% | -1.58% | 2.34% | -3.86% | 1.16% | 0.81% | -1.81% | 3.00% |
| 2013 | 4.68% | -0.57% | 2.29% | 3.12% | -0.62% | -2.50% | 5.28% | -2.81% | 5.71% | 3.92% | 1.28% | 1.99% | 23.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GAPAX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
GAPAX (Goldman Sachs Dynamic Global Equity Fund Class A)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Dynamic Global Equity Fund Class A (GAPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Dynamic Global Equity Fund Class A granted a 4.54% dividend yield in the last twelve months. The annual payout for that period amounted to $0.99 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.99 | $0.99 | $1.10 | $2.83 | $0.50 | $1.09 | $0.43 | $0.37 | $0.18 | $0.14 | $0.26 | $0.22 |
Dividend yield | 4.54% | 5.01% | 6.35% | 12.40% | 2.34% | 5.62% | 2.64% | 1.96% | 1.16% | 0.97% | 1.81% | 1.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Dynamic Global Equity Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.99 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.83 | $2.83 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2013 | $0.22 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Dynamic Global Equity Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs Dynamic Global Equity Fund Class A was 59.83%, occurring on Mar 9, 2009. Recovery took 1161 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.83% | Oct 15, 2007 | 351 | Mar 9, 2009 | 1161 | Oct 17, 2013 | 1512 |
| -43.42% | Mar 28, 2000 | 633 | Oct 9, 2002 | 553 | Dec 21, 2004 | 1186 |
| -36.31% | Feb 13, 2020 | 27 | Mar 23, 2020 | 114 | Sep 2, 2020 | 141 |
| -27.14% | Jan 5, 2022 | 194 | Oct 12, 2022 | 337 | Feb 15, 2024 | 531 |
| -27.09% | Apr 16, 1998 | 126 | Oct 8, 1998 | 191 | Jul 2, 1999 | 317 |
Volatility
Volatility Chart
The current Goldman Sachs Dynamic Global Equity Fund Class A volatility is 3.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.