- ISIN
- US38150C7213
- Issuer
- Goldman Sachs
- Inception Date
- Dec 2, 2019
- Category
- Multisector Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
GSCMX Performance Chart
Goldman Sachs Income Fund (GSCMX) is up 0.7% since the beginning of the year. GSCMX is currently trading at $9 per share. Investors who bought $1,000 worth of GSCMX shares 5 years ago would now be looking at an investment worth $1,155.
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Returns By Period
Goldman Sachs Income Fund (GSCMX) has returned 0.69% so far this year and 5.53% over the past 12 months.
Goldman Sachs Income Fund
- 1D
- 0.11%
- 1M
- 0.82%
- YTD
- 0.69%
- 6M
- 1.17%
- 1Y
- 5.53%
- 3Y*
- 7.60%
- 5Y*
- 2.93%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GSCMX Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2019, GSCMX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +5.1%, while the worst month was Mar 2020 at -11.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GSCMX closed higher 41% of trading days. The best single day was Apr 13, 2020 with a return of +3.5%, while the worst single day was Mar 18, 2020 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.26% | 0.59% | -1.79% | 1.49% | 0.27% | -0.11% | 0.69% | ||||||
| 2025 | 1.01% | 1.05% | -0.39% | 0.61% | 0.83% | 1.93% | 0.16% | 1.36% | 0.37% | 0.37% | 0.70% | 0.39% | 8.70% |
| 2024 | 0.39% | 0.15% | 1.22% | -0.86% | 0.80% | 0.73% | 1.85% | 1.38% | 1.37% | -1.28% | 0.92% | -0.64% | 6.13% |
| 2023 | 3.57% | -1.59% | 0.82% | 0.35% | -0.94% | 1.74% | 1.60% | 0.03% | -1.25% | -1.65% | 4.36% | 3.31% | 10.60% |
| 2022 | -2.23% | -2.37% | -1.42% | -3.10% | -0.70% | -5.70% | 3.37% | -1.06% | -5.02% | 1.42% | 3.68% | 2.34% | -10.75% |
| 2021 | -0.85% | -0.95% | -0.92% | 1.30% | 0.52% | 1.06% | 0.35% | 0.46% | -0.20% | -0.67% | -0.97% | 1.35% | 0.42% |
Benchmark Metrics
Goldman Sachs Income Fund has an annualized alpha of 1.92%, beta of 0.13, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since December 03, 2019.
- This fund participated in 38.41% of S&P 500 Index downside but only 25.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.21 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.21 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.92%
- Beta
- 0.13
- R²
- 0.21
- Upside Capture
- 25.88%
- Downside Capture
- 38.41%
Expense Ratio
GSCMX has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GSCMX ranks 45 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Income Fund (GSCMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSCMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.78 | -0.84 |
| Martin ratioReturn relative to average drawdown | 8.99 | 12.44 | -3.45 |
Dividends
Dividend History
Goldman Sachs Income Fund provided a 5.09% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.47 | $0.48 | $0.42 | $0.71 | $0.36 | $0.42 | $0.03 |
Dividend yield | 5.09% | 5.09% | 5.39% | 4.71% | 8.43% | 3.51% | 3.95% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.17 | ||||||
| 2025 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.47 |
| 2024 | $0.04 | $0.04 | $0.05 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.05 | $0.42 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.43 | $0.71 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.12 | $0.36 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs 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 Income Fund was 20.12%, occurring on Mar 19, 2020. Recovery took 84 trading sessions.
The current Goldman Sachs Income Fund drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -20.12%Mar 2020 | 14d | 4mo 4d | 4mo 18dMar 2020 - Jul 2020 |
Bear market2022 | -18.20%Oct 2022 | 1y 1mo | 1y 7mo | 2y 9moSep 2021 - Jun 2024 |
2021 pullback2021 | -3.31%Mar 2021 | 2mo 12d | 3mo 14d | 5mo 26dJan 2021 - Jun 2021 |
2026 pullback2026 | -2.93%Mar 2026 | 25d | 2mo 20d | 3mo 15dMar 2026 - Jun 2026 |
2025 selloff2025 | -2.61%Apr 2025 | 1mo 8d | 19d | 1mo 27dMar 2025 - Apr 2025 |
Drawdown Indicators
| GSCMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.12% | -56.78% | +36.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -9.10% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -18.90% | +15.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -25.43% | +7.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -10.71% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.03% | -1.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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