Goldman Sachs Investment Grade Credit Fund (GSGDX)
The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in investment grade fixed income securities. Although the fund may invest without limit in foreign securities, the fund's investments in non-U.S. dollar denominated obligations will not exceed 25% of its total assets at the time of investment, and 10% of the fund's total assets may be invested in obligations of emerging countries.
Fund Info
US38143H8455
Nov 3, 2003
$1,000,000
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 Investment Grade Credit 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 Investment Grade Credit Fund had a return of 2.73% year-to-date (YTD) and 8.51% in the last 12 months. Over the past 10 years, Goldman Sachs Investment Grade Credit Fund had an annualized return of 1.84%, while the S&P 500 had an annualized return of 11.16%, indicating that Goldman Sachs Investment Grade Credit Fund did not perform as well as the benchmark.
GSGDX
2.73%
-0.60%
3.87%
8.51%
-0.28%
1.84%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of GSGDX, 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 | 0.00% | -1.36% | 1.28% | -2.50% | 1.95% | 0.76% | 2.53% | 1.48% | 1.73% | -2.52% | 2.73% | ||
| 2023 | 4.49% | -3.04% | 3.06% | 0.84% | -1.27% | 0.50% | 0.24% | -0.77% | -2.69% | -1.97% | 6.12% | 4.26% | 9.68% |
| 2022 | -3.23% | -2.03% | -2.76% | -5.69% | 0.52% | -3.34% | 3.57% | -3.10% | -5.23% | -0.72% | 5.20% | -0.58% | -16.56% |
| 2021 | -1.25% | -2.05% | -1.70% | 1.19% | 0.64% | 1.77% | 1.34% | -0.08% | -1.09% | 0.21% | 0.01% | -2.13% | -3.19% |
| 2020 | 2.56% | 1.08% | -9.40% | 6.42% | 2.15% | 2.42% | 3.37% | -1.43% | -0.16% | -0.26% | 3.25% | -0.74% | 8.75% |
| 2019 | 2.83% | 0.19% | 2.65% | 0.41% | 1.49% | 2.56% | 0.51% | 3.34% | -0.63% | 0.59% | 0.28% | -0.96% | 13.95% |
| 2018 | -1.03% | -1.59% | 0.27% | -0.72% | 0.39% | -0.49% | 0.97% | 0.53% | -0.26% | -1.50% | -0.36% | 1.25% | -2.56% |
| 2017 | 0.27% | 1.17% | -0.18% | 1.05% | 1.15% | 0.27% | 0.81% | 0.81% | -0.16% | 0.38% | -0.16% | 0.91% | 6.49% |
| 2016 | -0.04% | 0.74% | 2.66% | 1.17% | 0.07% | 2.25% | 1.35% | 0.28% | -0.16% | -0.80% | -2.96% | 0.73% | 5.29% |
| 2015 | 2.52% | -0.96% | 0.51% | -0.65% | -0.66% | -1.84% | 0.64% | -0.80% | 0.31% | 0.75% | -0.12% | -1.24% | -1.60% |
| 2014 | 1.60% | 1.15% | 0.18% | 1.25% | 1.45% | 0.19% | -0.02% | 1.23% | -1.27% | 0.81% | 0.59% | -1.82% | 5.40% |
| 2013 | -0.73% | 0.81% | 0.08% | 1.83% | -2.16% | -3.05% | 0.70% | -0.88% | 1.18% | 1.61% | -0.31% | -1.49% | -2.50% |
Expense Ratio
GSGDX features an expense ratio of 0.38%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GSGDX is 28, 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Investment Grade Credit Fund (GSGDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Investment Grade Credit Fund provided a 4.60% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.35 | $0.28 | $0.27 | $0.30 | $0.33 | $0.31 | $0.30 | $0.31 | $0.37 | $0.33 | $0.34 |
Dividend yield | 4.60% | 4.26% | 3.68% | 2.80% | 2.93% | 3.40% | 3.55% | 3.19% | 3.40% | 4.12% | 3.47% | 3.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Investment Grade Credit 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.31 | |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.30 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.37 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
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 Investment Grade Credit 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 Investment Grade Credit Fund was 24.84%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Goldman Sachs Investment Grade Credit Fund drawdown is 9.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.84% | Dec 4, 2020 | 473 | Oct 20, 2022 | — | — | — |
| -18.89% | Mar 9, 2020 | 9 | Mar 19, 2020 | 73 | Jul 2, 2020 | 82 |
| -16.13% | Feb 6, 2008 | 204 | Nov 24, 2008 | 170 | Jul 30, 2009 | 374 |
| -7.69% | Dec 7, 2012 | 178 | Aug 22, 2013 | 214 | Jun 30, 2014 | 392 |
| -6.23% | Nov 8, 2011 | 33 | Dec 23, 2011 | 109 | Jun 1, 2012 | 142 |
Volatility
Volatility Chart
The current Goldman Sachs Investment Grade Credit Fund volatility is 1.77%, 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.