Goldman Sachs Government Income Fund (GSGOX)
The investment seeks a high level of current income, consistent with safety of principal. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises and in repurchase agreements collateralized by such securities. Its investments in non-U.S. government securities must be rated AAA or Aaa by a nationally recognized statistical rating organization at the time of purchase, or, if unrated, must be determined by the Investment Adviser to be of comparable credit quality.
Fund Info
US38141W6049
38141W604
Feb 9, 1993
$1,000
Expense Ratio
GSGOX features an expense ratio of 0.82%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Government 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 Government Income Fund had a return of 0.62% year-to-date (YTD) and 3.25% in the last 12 months. Over the past 10 years, Goldman Sachs Government Income Fund had an annualized return of 0.26%, while the S&P 500 had an annualized return of 11.29%, indicating that Goldman Sachs Government Income Fund did not perform as well as the benchmark.
GSGOX
0.62%
0.70%
-1.72%
3.25%
-1.61%
0.26%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GSGOX, 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 | 0.62% | 0.62% | |||||||||||
| 2024 | -0.11% | -1.57% | 0.76% | -2.58% | 1.66% | 0.93% | 2.36% | 1.29% | 1.21% | -2.63% | 1.00% | -1.69% | 0.46% |
| 2023 | 3.06% | -2.54% | 2.29% | 0.56% | -0.96% | -0.58% | -0.19% | -0.73% | -2.62% | -1.73% | 4.17% | 3.77% | 4.28% |
| 2022 | -1.69% | -0.82% | -2.96% | -3.19% | 0.31% | -1.30% | 2.19% | -2.86% | -4.28% | -1.57% | 3.44% | -0.68% | -12.85% |
| 2021 | -0.51% | -1.54% | -1.02% | 0.60% | 0.07% | 0.33% | 0.92% | -0.05% | -0.90% | -0.33% | 0.40% | -1.85% | -3.85% |
| 2020 | 1.79% | 1.82% | 1.24% | 0.75% | 0.09% | 0.20% | 0.84% | -0.62% | 0.22% | -0.48% | 0.40% | -0.05% | 6.34% |
| 2019 | 0.53% | -0.31% | 1.71% | -0.22% | 1.85% | 0.71% | 0.11% | 2.26% | -0.50% | 0.02% | -0.18% | -0.30% | 5.78% |
| 2018 | -1.15% | -0.61% | 0.57% | -0.53% | 0.73% | 0.03% | -0.33% | 0.60% | -0.79% | -0.52% | 0.82% | 1.52% | 0.30% |
| 2017 | 0.12% | 0.43% | -0.03% | 0.50% | 0.55% | -0.19% | 0.21% | 0.82% | -0.55% | -0.14% | -0.20% | 0.21% | 1.75% |
| 2016 | 1.75% | 0.58% | 0.16% | 0.01% | -0.03% | 1.51% | 0.22% | -0.24% | 0.03% | -0.61% | -2.20% | -0.07% | 1.06% |
| 2015 | 1.78% | -1.02% | 0.37% | -0.26% | -0.13% | -0.82% | 0.61% | 0.00% | 0.61% | -0.27% | -0.28% | -0.27% | 0.29% |
| 2014 | 1.14% | 0.33% | -0.07% | 0.61% | 0.75% | 0.06% | -0.15% | 0.59% | -0.30% | 0.44% | 0.59% | 0.05% | 4.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GSGOX is 17, meaning it’s performing worse than 83% of other 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 Government Income Fund (GSGOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Government Income Fund provided a 2.66% dividend yield over the last twelve months, with an annual payout of $0.34 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 | $0.34 | $0.34 | $0.30 | $0.18 | $0.13 | $0.19 | $0.31 | $0.29 | $0.25 | $0.25 | $0.22 | $0.22 |
Dividend yield | 2.66% | 2.65% | 2.29% | 1.39% | 0.87% | 1.23% | 2.05% | 2.01% | 1.74% | 1.71% | 1.52% | 1.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Government 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 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $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 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2021 | $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 |
| 2020 | $0.03 | $0.03 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
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 Government 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 Government Income Fund was 20.40%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Goldman Sachs Government Income Fund drawdown is 12.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.4% | Aug 5, 2020 | 813 | Oct 19, 2023 | — | — | — |
| -7.58% | Oct 4, 2012 | 230 | Sep 5, 2013 | 613 | Feb 11, 2016 | 843 |
| -6.98% | Oct 6, 1998 | 221 | Aug 10, 1999 | 256 | Aug 10, 2000 | 477 |
| -6.73% | Nov 5, 2010 | 65 | Feb 8, 2011 | 148 | Sep 9, 2011 | 213 |
| -4.44% | Sep 16, 2008 | 33 | Oct 30, 2008 | 28 | Dec 10, 2008 | 61 |
Volatility
Volatility Chart
The current Goldman Sachs Government Income Fund volatility is 1.31%, 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.