Goldman Sachs Global Core Fixed Income Fund (GSGIX)
The investment seeks a total return consisting of capital appreciation and income. 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 a portfolio of fixed income securities of U.S. and foreign issuers. Foreign securities include securities of issuers located outside the U.S. or securities quoted or denominated in a currency other than the U.S. dollar. It also enters into transactions in foreign currencies, typically through the use of forward contracts and swap contracts.
Fund Info
| ISIN | US38141W1099 |
|---|---|
| CUSIP | 38141W109 |
| Issuer | Goldman Sachs |
| Inception Date | Aug 1, 1991 |
| Category | Global Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
GSGIX has a high expense ratio of 0.91%, 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 Global Core Fixed 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 Global Core Fixed Income Fund had a return of -1.14% year-to-date (YTD) and 2.88% in the last 12 months. Over the past 10 years, Goldman Sachs Global Core Fixed Income Fund had an annualized return of 1.74%, while the S&P 500 had an annualized return of 10.84%, indicating that Goldman Sachs Global Core Fixed Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.14% | 10.00% |
| 1 month | 0.26% | 2.41% |
| 6 months | 3.60% | 16.70% |
| 1 year | 2.88% | 26.85% |
| 5 years (annualized) | 0.60% | 12.81% |
| 10 years (annualized) | 1.74% | 10.84% |
Monthly Returns
The table below presents the monthly returns of GSGIX, 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 | -0.23% | -0.99% | 1.06% | -1.94% | -1.14% | ||||||||
| 2023 | 2.94% | -1.77% | 2.25% | 0.46% | -0.35% | -0.17% | 0.19% | -0.15% | -1.97% | -0.71% | 3.66% | 3.45% | 7.89% |
| 2022 | -1.66% | -1.74% | -2.11% | -3.14% | -0.12% | -2.47% | 2.87% | -2.80% | -3.78% | -0.12% | 3.14% | -1.44% | -12.84% |
| 2021 | -0.83% | -2.25% | -0.47% | 0.49% | 0.16% | 0.44% | 1.19% | -0.09% | -0.85% | -0.86% | 0.77% | -0.20% | -2.50% |
| 2020 | 1.84% | 1.05% | -2.92% | 3.34% | 0.98% | 1.04% | 1.82% | -0.48% | 0.21% | 0.03% | 1.37% | 0.38% | 8.89% |
| 2019 | 1.80% | -0.03% | 1.84% | 0.23% | 1.33% | 1.56% | 0.75% | 1.96% | -0.51% | -0.04% | -0.12% | -0.24% | 8.82% |
| 2018 | -0.42% | -0.59% | 0.56% | -0.54% | 0.18% | -0.14% | 0.27% | -0.23% | -0.31% | -0.45% | 0.41% | 1.16% | -0.12% |
| 2017 | -0.42% | 1.00% | -0.02% | 0.42% | 0.75% | -0.31% | 0.09% | 0.90% | -0.68% | 0.40% | 0.00% | 1.08% | 3.25% |
| 2016 | 1.01% | 0.41% | 0.96% | 0.08% | 0.53% | 1.31% | 0.81% | 0.09% | -0.02% | -0.89% | -1.70% | 0.40% | 3.00% |
| 2015 | 1.28% | -0.23% | 0.21% | -0.58% | -0.27% | -1.23% | 1.08% | -0.37% | 0.50% | 0.57% | 0.10% | -0.63% | 0.41% |
| 2014 | 1.39% | 0.50% | 0.33% | 0.49% | 0.95% | 0.30% | 0.46% | 0.75% | -0.04% | -0.04% | 0.58% | 1.29% | 7.18% |
| 2013 | -0.46% | 0.71% | 0.30% | 1.51% | -1.56% | -1.89% | 0.30% | -0.38% | 0.86% | 1.02% | -0.05% | -0.11% | 0.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GSGIX is 14, indicating that it is in the bottom 14% 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.
GSGIX (Goldman Sachs Global Core Fixed Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Global Core Fixed Income Fund (GSGIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Global Core Fixed Income Fund granted a 2.55% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.27 | $0.19 | $0.18 | $0.67 | $0.37 | $0.15 | $0.31 | $0.17 | $0.70 | $0.74 | $0.73 |
Dividend yield | 2.55% | 2.33% | 1.77% | 1.40% | 5.03% | 2.90% | 1.28% | 2.55% | 1.40% | 5.85% | 5.88% | 5.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Global Core Fixed 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.04 | $0.19 |
| 2021 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.05 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.50 | $0.67 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.20 | $0.37 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.15 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.20 | $0.31 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.17 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.56 | $0.70 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.53 | $0.74 |
| 2013 | $0.05 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.53 | $0.73 |
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 Global Core Fixed 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 Global Core Fixed Income Fund was 17.83%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Goldman Sachs Global Core Fixed Income Fund drawdown is 9.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.83% | Jan 5, 2021 | 458 | Oct 20, 2022 | — | — | — |
| -11.8% | Jan 26, 1994 | 202 | Nov 3, 1994 | 219 | Sep 6, 1995 | 421 |
| -8.31% | Jan 24, 2008 | 183 | Oct 14, 2008 | 173 | Jun 23, 2009 | 356 |
| -7.47% | Mar 9, 2020 | 8 | Mar 18, 2020 | 49 | May 28, 2020 | 57 |
| -6.18% | Oct 6, 1998 | 220 | Aug 9, 1999 | 287 | Sep 22, 2000 | 507 |
Volatility
Volatility Chart
The current Goldman Sachs Global Core Fixed Income Fund volatility is 1.06%, 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.