Goldman Sachs Short-Term Conservative Income Fund (GPPIX)
The fund normally invests in a broad range of high quality, U.S. dollar-denominated fixed income instruments, including obligations issued or guaranteed by the U.S. government, its agencies, authorities, instrumentalities or sponsored enterprises ("U.S. government securities"), obligations of U.S. banks, corporate notes, commercial paper and other short-term obligations of U.S. companies, certificates of deposit, states, municipalities and other entities, fixed and floating rate asset-backed securities and repurchase agreements.
Fund Info
US38147X7057
Feb 28, 2014
$1,000,000
Expense Ratio
GPPIX has an expense ratio of 0.24%, which is considered low compared to other funds.
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 Short-Term Conservative Income 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 Short-Term Conservative Income Fund had a return of 0.51% year-to-date (YTD) and 5.63% in the last 12 months. Over the past 10 years, Goldman Sachs Short-Term Conservative Income Fund had an annualized return of 2.28%, while the S&P 500 had an annualized return of 11.26%, indicating that Goldman Sachs Short-Term Conservative Income Fund did not perform as well as the benchmark.
GPPIX
0.51%
0.51%
2.63%
5.63%
2.86%
2.28%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of GPPIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.51% | 0.51% | |||||||||||
| 2024 | 0.56% | 0.46% | 0.45% | 0.34% | 0.55% | 0.44% | 0.55% | 0.55% | 0.63% | 0.22% | 0.41% | 0.40% | 5.68% |
| 2023 | 0.64% | 0.34% | 0.39% | 0.49% | 0.33% | 0.42% | 0.44% | 0.55% | 0.35% | 0.56% | 0.55% | 0.65% | 5.86% |
| 2022 | 0.02% | -0.08% | -0.27% | 0.05% | 0.07% | -0.20% | 0.15% | 0.28% | 0.10% | 0.25% | 0.38% | 0.42% | 1.18% |
| 2021 | 0.03% | 0.03% | -0.07% | 0.03% | 0.13% | -0.07% | 0.02% | 0.02% | 0.02% | 0.02% | -0.08% | -0.08% | -0.00% |
| 2020 | 0.28% | 0.17% | -1.64% | 1.03% | 0.71% | 0.39% | 0.17% | 0.16% | 0.06% | 0.05% | 0.04% | 0.03% | 1.44% |
| 2019 | 0.44% | 0.22% | 0.34% | 0.23% | 0.33% | 0.23% | 0.23% | 0.21% | 0.20% | 0.30% | 0.18% | 0.08% | 3.02% |
| 2018 | 0.14% | 0.14% | 0.06% | 0.27% | 0.19% | 0.19% | 0.29% | 0.20% | 0.20% | 0.21% | 0.12% | 0.14% | 2.17% |
| 2017 | 0.10% | 0.19% | 0.10% | 0.10% | 0.11% | 0.11% | 0.12% | 0.12% | 0.12% | 0.12% | 0.12% | 0.13% | 1.45% |
| 2016 | 0.07% | 0.07% | 0.16% | 0.08% | 0.08% | 0.07% | 0.07% | 0.18% | 0.08% | 0.09% | 0.09% | 0.09% | 1.14% |
| 2015 | 0.03% | 0.03% | 0.03% | 0.04% | 0.04% | 0.03% | 0.03% | 0.04% | 0.05% | 0.05% | 0.06% | 0.04% | 0.47% |
| 2014 | 0.00% | 0.03% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.14% | -0.06% | 0.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, GPPIX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Short-Term Conservative Income Fund (GPPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Short-Term Conservative Income Fund provided a 5.16% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.53 | $0.50 | $0.17 | $0.03 | $0.11 | $0.26 | $0.22 | $0.13 | $0.09 | $0.06 | $0.03 |
Dividend yield | 5.16% | 5.21% | 4.98% | 1.67% | 0.30% | 1.12% | 2.58% | 2.24% | 1.34% | 0.93% | 0.57% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Short-Term Conservative Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Short-Term Conservative Income 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 Short-Term Conservative Income Fund was 3.08%, occurring on Mar 24, 2020. Recovery took 48 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.08% | Mar 6, 2020 | 13 | Mar 24, 2020 | 48 | Jun 2, 2020 | 61 |
| -0.67% | Nov 10, 2021 | 149 | Jun 14, 2022 | 96 | Oct 31, 2022 | 245 |
| -0.2% | Mar 5, 2018 | 1 | Mar 5, 2018 | 1 | Mar 6, 2018 | 2 |
| -0.2% | Mar 14, 2023 | 3 | Mar 16, 2023 | 11 | Mar 31, 2023 | 14 |
| -0.2% | May 1, 2023 | 20 | May 26, 2023 | 2 | May 31, 2023 | 22 |
Volatility
Volatility Chart
The current Goldman Sachs Short-Term Conservative Income Fund volatility is 0.46%, 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.