GSNRX: Goldman Sachs Bond R

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

GSNRX Goldman Sachs Bond R


Profile

GSNRX - Profile

Vitals

  • YTD Return 4.3%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $456 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.86
$9.60
$10.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 429.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Bond Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Nov 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Swell

Fund Description

The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in bonds and other fixed income securities, including securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises, corporate debt securities, collateralized loan obligations, privately issued adjustable rate and fixed rate mortgage loans or other mortgage-related securities, asset-backed securities and high yield non-investment grade securities.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

GSNRX - Fund Company Quick Screens


Performance

GSNRX - Performance

Return Ranking - Trailing

Period GSNRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -36.4% 947.9% 10.09%
1 Yr 7.1% -35.2% 970.2% 7.06%
3 Yr 2.0%* -10.2% 120.4% 11.71%
5 Yr 0.9%* -5.2% 60.2% 15.54%
10 Yr 0.6%* -5.0% 3.6% 32.32%

* Annualized

Return Ranking - Calendar

Period GSNRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.1% -1.7% 18.3% 8.10%
2018 -4.2% -12.4% 0.8% 84.43%
2017 0.6% -6.0% 20.3% 67.58%
2016 0.1% -7.8% 8.6% 38.31%
2015 -3.0% -18.3% 3.0% 81.16%

Total Return Ranking - Trailing

Period GSNRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -36.4% 947.9% 10.09%
1 Yr 7.1% -35.2% 970.2% 6.88%
3 Yr 2.0%* -7.3% 120.4% 18.13%
5 Yr 1.2%* -5.2% 60.2% 21.20%
10 Yr 1.7%* -5.0% 6.9% 15.51%

* Annualized

Total Return Ranking - Calendar

Period GSNRX Return Category Return Low Category Return High Rank in Category (%)
2019 7.1% -1.7% 18.3% 8.42%
2018 -4.2% -11.7% 3.1% 87.37%
2017 0.6% -6.0% 27.0% 72.35%
2016 0.5% -7.8% 10.7% 36.22%
2015 -1.8% -14.2% 4.2% 71.60%

NAV & Total Return History


Holdings

GSNRX - Holdings

Concentration Analysis

GSNRX Category Low Category High GSNRX % Rank
Net Assets 456 M 634 K 264 B 56.16%
Number of Holdings 1483 1 17920 10.31%
Net Assets in Top 10 90.2 M -587 M 20.8 B 54.54%
Weighting of Top 10 N/A 2.3% 100.0% 2.20%

Top 10 Holdings

  1. Federal National Mortgage Association 2.5% 18.90%
  2. Federal National Mortgage Association 2.5% 14.52%
  3. Government National Mortgage Association 2.5% 8.07%
  4. Federal National Mortgage Association 3.5% 7.90%
  5. Government National Mortgage Association 3% 6.69%
  6. Federal National Mortgage Association 5% 6.56%

Asset Allocation

Weighting Return Low Return High GSNRX % Rank
Bonds
117.67% 71.08% 157.69% 2.40%
Convertible Bonds
2.91% 0.00% 6.53% 5.40%
Preferred Stocks
0.07% 0.00% 9.11% 10.63%
Stocks
0.00% -0.38% 18.10% 9.33%
Other
0.00% -27.60% 53.37% 14.24%
Cash
-20.65% -57.68% 27.48% 97.95%

Bond Sector Breakdown

Weighting Return Low Return High GSNRX % Rank
Securitized
64.35% 0.00% 98.72% 1.87%
Corporate
24.50% 0.00% 99.41% 38.89%
Cash & Equivalents
5.44% -26.49% 24.02% 26.53%
Government
3.65% -2.21% 100.00% 50.48%
Derivative
1.09% -0.83% 31.72% 8.02%
Municipal
0.96% 0.00% 100.11% 55.10%

Bond Geographic Breakdown

Weighting Return Low Return High GSNRX % Rank
US
102.03% 58.40% 150.78% 4.03%
Non US
15.64% -38.91% 29.50% 8.41%

Expenses

GSNRX - Expenses

Operational Fees

GSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.01% 34.57% 22.93%
Management Fee 0.41% 0.00% 1.25% 60.57%
12b-1 Fee 0.50% 0.00% 1.00% 62.16%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

GSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

GSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GSNRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 429.00% 0.00% 489.00% 99.22%

Distributions

GSNRX - Distributions

Dividend Yield Analysis

GSNRX Category Low Category High GSNRX % Rank
Dividend Yield 0.00% 0.00% 6.10% 24.34%

Dividend Distribution Analysis

GSNRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GSNRX Category Low Category High GSNRX % Rank
Net Income Ratio 2.34% -0.71% 6.53% 62.22%

Capital Gain Distribution Analysis

GSNRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GSNRX - Fund Manager Analysis

Managers

Michael Swell


Start Date

Tenure

Tenure Rank

Mar 31, 2009

11.09

11.1%

Michael is the co-head of Global Lead Portfolio Management within the Global Fixed Income GroupLiquidity Management team at Goldman Sachs Asset Management (GSAM).He is a member of the Fixed Income Strategy. In this role, he is responsible co-leading the global team of portfolio managers that are responsible for overseeing multi-sector portfolios. Previously, Michael was a senior portfolio manager and co-head of the US Fixed Income group. Michael joined Goldman Sachs Asset Management, L.P. in 2007 as a managing director and head of Structured Products. This role entailed the creation of structured product asset management vehicles across the spectrum of fixed income products and management of opportunistic/alternative portfolios. Prior to joining the firm, from 2005 to 2007, Mr. Swell was a Senior Managing Director in charge of Friedman, Billings & Ramsey’s Fixed Income Sales & Trading division.. Under Michael's guidance, his division was responsible for the underwriting of more than $22 billion of mortgage-related transactions and the trading and hedging of all MBS and ABS products. Prior to joining FBR, Michael was the vice president in charge of Freddie Mac’s Securities Sales and Trading Group, Freddie Mac’s in-house MBS broker dealer. Prior to joining Freddie Mac in 1992, Michael marketed and developed fixed income asset management vehicles at BlackRock Financial Management, a fixed income money management firm. Michael started his career as a corporate analyst in the Investment Banking Division of Lehman Brothers helping institutions raise debt capital. Michael earned a BA in Politics and Economics from Brandeis University, a General Course Degree from the London School of Economics and an MA in International Economics and Finance from the Lemberg School at Brandeis University.

Ashish Shah


Start Date

Tenure

Tenure Rank

Jan 01, 2019

1.33

1.3%

Mr. Shah is Co-Chief Investment Officer of Global Fixed Income, Global Head of Corporate Credit and Head of the Cross-Sector Strategy within Fixed Income. Mr. Shah joined Goldman Sachs Asset Management, L.P. in 2018. Mr. Shah was previously at AllianceBernstein from 2010 to 2018, where he was most recently the Head of Fixed Income and Chief Investment Officer of Global Credit. Prior to AB, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008–2010), where he was responsible for the High Grade, High Yield, Structured Credit and Municipal Strategy groups and the Special Situations Research team. From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers, leading the Structured Credit/CDO and Credit Strategy groups and covering the cash bond, credit derivatives and CDO product areas for global credit investors. He holds a BS in economics from the Wharton School of the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.44 0.33