Goldman Sachs Technology Opportunities Fund (GITIX)
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 in technology companies. It seeks to achieve its investment objective by investing, under normal circumstances, in companies that are considered by the Investment Adviser to benefit from the proliferation of technology. The fund may invest up to 25% of its total assets measured at the time of purchase ("Total Assets") in foreign securities.
Fund Info
ISIN | US38142Y8562 |
---|---|
Issuer | Goldman Sachs |
Inception Date | Sep 30, 1999 |
Category | Technology Equities |
Min. Investment | $1,000,000 |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
GITIX has a high expense ratio of 0.97%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Technology Opportunities Fund, 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 Technology Opportunities Fund had a return of 10.62% year-to-date (YTD) and 44.86% in the last 12 months. Over the past 10 years, Goldman Sachs Technology Opportunities Fund had an annualized return of 17.44%, outperforming the S&P 500 benchmark which had an annualized return of 10.84%.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 10.62% | 10.00% |
1 month | -0.47% | 2.41% |
6 months | 20.45% | 16.70% |
1 year | 44.86% | 26.85% |
5 years (annualized) | 16.30% | 12.81% |
10 years (annualized) | 17.44% | 10.84% |
Monthly Returns
The table below presents the monthly returns of GITIX, 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 | 3.71% | 5.72% | 1.04% | -4.82% | 10.62% | ||||||||
2023 | 12.18% | -1.77% | 8.55% | -1.34% | 11.06% | 5.38% | 4.39% | -1.34% | -6.58% | -1.82% | 14.99% | 5.80% | 58.73% |
2022 | -10.04% | -5.13% | 1.57% | -14.16% | -3.31% | -8.71% | 12.64% | -4.08% | -11.94% | 1.92% | 5.05% | -8.47% | -38.75% |
2021 | -1.30% | 3.53% | -0.06% | 5.99% | -0.98% | 6.48% | 2.33% | 4.73% | -5.22% | 6.01% | -2.55% | 1.34% | 21.36% |
2020 | 3.47% | -5.20% | -7.44% | 15.24% | 8.00% | 5.05% | 5.88% | 9.68% | -5.47% | -2.17% | 10.89% | 3.21% | 45.88% |
2019 | 9.81% | 4.36% | 3.55% | 6.69% | -6.35% | 6.09% | 2.66% | -2.63% | 0.38% | 2.12% | 3.79% | 3.51% | 38.48% |
2018 | 9.13% | 0.47% | -2.51% | 0.63% | 5.63% | -0.18% | 1.83% | 6.25% | -0.33% | -9.84% | 0.65% | -7.57% | 2.60% |
2017 | 5.78% | 4.15% | 3.00% | 3.46% | 5.45% | -2.46% | 4.36% | 3.03% | 0.08% | 6.36% | 0.90% | -0.61% | 38.60% |
2016 | -8.89% | -2.83% | 8.32% | -0.22% | 5.77% | -1.92% | 6.57% | 0.90% | 2.12% | 0.58% | -2.06% | -0.72% | 6.59% |
2015 | -3.05% | 9.38% | -2.38% | 0.96% | 0.90% | -1.69% | 4.31% | -6.61% | -1.72% | 10.27% | 1.20% | -2.38% | 8.14% |
2014 | 0.32% | 4.89% | -3.99% | -5.39% | 4.45% | 4.32% | -0.31% | 4.62% | -2.28% | 3.05% | 2.51% | -1.51% | 10.43% |
2013 | 3.23% | -1.00% | 1.61% | -1.26% | 2.54% | -1.63% | 6.11% | 0.56% | 5.72% | 3.24% | 3.02% | 4.01% | 29.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GITIX is 84, placing it in the top 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GITIX (Goldman Sachs Technology Opportunities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Technology Opportunities Fund (GITIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Technology Opportunities Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.00 | $0.00 | $3.99 | $5.30 | $2.65 | $3.71 | $5.06 | $1.76 | $0.91 | $1.58 | $1.47 | $0.24 |
Dividend yield | 0.00% | 0.00% | 21.96% | 14.83% | 7.84% | 14.78% | 24.21% | 7.03% | 4.70% | 8.33% | 7.71% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Technology Opportunities Fund. 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 | $0.00 | $0.00 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.99 | $3.99 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.30 | $5.30 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.65 | $2.65 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.71 | $3.71 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.06 | $5.06 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.76 | $1.76 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $1.58 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.47 |
2013 | $0.24 | $0.24 |
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 Technology Opportunities Fund. 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 Technology Opportunities Fund was 83.29%, occurring on Oct 9, 2002. Recovery took 3192 trading sessions.
The current Goldman Sachs Technology Opportunities Fund drawdown is 0.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-83.29% | Mar 13, 2000 | 644 | Oct 9, 2002 | 3192 | Jun 23, 2015 | 3836 |
-43.34% | Nov 10, 2021 | 252 | Nov 9, 2022 | 304 | Jan 29, 2024 | 556 |
-27.55% | Feb 20, 2020 | 18 | Mar 16, 2020 | 46 | May 20, 2020 | 64 |
-22.7% | Aug 30, 2018 | 80 | Dec 24, 2018 | 59 | Mar 21, 2019 | 139 |
-22.51% | Dec 2, 2015 | 46 | Feb 8, 2016 | 113 | Jul 20, 2016 | 159 |
Volatility
Volatility Chart
The current Goldman Sachs Technology Opportunities Fund volatility is 6.37%, 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.