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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Tax-Advantaged Global Equity Portfolio

TIGGX | Fund

$22.88

$4.1 B

1.24%

$0.28

0.95%

Vitals

YTD Return

5.9%

1 yr return

18.9%

3 Yr Avg Return

5.9%

5 Yr Avg Return

9.6%

Net Assets

$4.1 B

Holdings in Top 10

98.5%

52 WEEK LOW AND HIGH

$23.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Tax-Advantaged Global Equity Portfolio

TIGGX | Fund

$22.88

$4.1 B

1.24%

$0.28

0.95%

TIGGX - Profile

Distributions

  • YTD Total Return 5.9%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 9.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.17%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs Tax-Advantaged Global Equity Portfolio
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Apr 30, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Aron Kershner

Fund Description

The Fund seeks to achieve its investment objective by investing in securities or instruments and a combination of underlying funds that currently exist or that may become available for investment in the future for which Goldman Sachs Asset Management, L.P. (“GSAM”) or an affiliate now or in the future acts as investment adviser or principal underwriter (the “Underlying Funds”). Some of the Underlying Funds invest primarily in fixed income or money market instruments (the “Underlying Fixed Income Funds”) and other Underlying Funds invest primarily in equity securities (the “Underlying Equity Funds”).Under normal conditions, at least 80% of the Fund’s total assets measured at time of purchase (“Total Assets”) will be allocated among Underlying Funds. While it is expected that the Fund will invest primarily in the Underlying Funds, the Fund may also invest directly in other securities and instruments, including affiliated and/or unaffiliated exchange traded funds (“ETFs”). The Fund is intended for investors who wish to minimize short-term gains and defer long-term gains. Additionally, under normal circumstances, the Fund intends to invest at least 80% of its net assets plus any borrowings for investment purposes (measured at time of purchase) (“Net Assets”) in Underlying Equity Funds and equity securities with a blend of domestic large cap, small cap and international exposure to seek capital appreciation. The Investment Adviser expects that the Fund will invest a relatively significant percentage of its equity allocation in the Goldman Sachs U.S. Tax-Managed Equity Fund and Goldman Sachs International Tax-Managed Equity Fund (the “Underlying Tax-Managed Funds”).In addition, under normal circumstances, the Fund will have a small strategic allocation in U.S. investment grade bonds. This strategic allocation will normally not exceed 10% of the Fund’s Total Assets and may consist of an investment in Underlying Fixed Income Funds or investments in other fixed income securities. This allocation in the Fund serves two purposes. First, it provides some ordinary income which can be netted against Fund expenses and may increase the net distributions of qualifying dividends (i.e., those dividends subject to the federal long-term capital gain tax rate). Second, it will provide the Investment Adviser with an allocation in which to implement its tactical views.Also under normal circumstances, the Fund invests up to 10% of its Total Assets to implement investment ideas that are generally derived from short-term or medium-term market views on a variety of asset classes and instruments (“Tactical Views”) generated by the Goldman Sachs Investment Strategy Group (“Investment Strategy Group”). This allocation serves three purposes. First, it enables the Investment Adviser to implement the Tactical Views generated by the Investment Strategy Group. Second, the Tactical View investments may provide some ordinary income and short-term gains against which Fund expenses can be netted. Finally, it may increase the net distributions of qualifying dividends. The Investment Adviser determines in its sole discretion how to implement Tactical Views in the Fund.Tactical Views are generally implemented by investing in any one or in any combination of the following securities and instruments: (i) U.S. and foreign equity securities, including common and preferred stocks; (ii) pooled investment vehicles including, but not limited to, unaffiliated investment companies, ETFs, exchange-traded notes (“ETNs”) and the Underlying Funds; (iii) fixed income instruments, which include, among others, debt issued by governments (including the U.S. and foreign governments), their agencies, instrumentalities, sponsored entities, and political subdivisions, notes, commercial paper, certificates of deposit, debt participations and non-investment grade securities (commonly known as “junk bonds”); and (iv) derivatives.The Investment Adviser will occasionally develop views regarding short-term expected returns, and may seek to temporarily change the allocations in the Fund in an attempt to improve short-term return. The Investment Adviser primarily implements such views through its Tactical View investments, but may also implement these views by selling and buying among the various Underlying Funds or by purchasing securities or other instruments, including ETFs. The Fund may discontinue any such tactical allocation in the future at the discretion of the Investment Adviser and without shareholder approval or notice.Under normal conditions, the Fund may have up to 20% of its Total Assets invested directly in securities and other instruments, including derivative instruments (such as swaps, forward currency contracts and futures contracts). These securities and other instruments may be denominated in currencies other than the U.S. dollar. Because the Investment Adviser may have both positive and negative views on stocks, the Fund may also establish short positions.In managing the Fund, the Investment Adviser balances investment considerations and tax considerations. The Fund seeks to achieve returns primarily in the form of price appreciation (which is not subject to current tax), and may use different strategies in seeking tax-efficiency. These strategies include:◼Investing in Underlying Tax-Managed Funds◼Offsetting long-term and short-term capital gains with long-term and short-term capital losses and creating loss carry-forward positions◼Limiting portfolio turnover that may result in taxable gainsThe Fund’s benchmark index is Goldman Sachs Tax-Advantaged Global Composite Index (“TAG Composite Index”), which is comprised of the Morgan Stanley Capital International All Country World Index Investable Market Index (“MSCI ACWI IMI”) (90%) and the Bloomberg U.S. Aggregate Bond Index (10%).
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TIGGX - Performance

Return Ranking - Trailing

Period TIGGX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -47.2% 13.6% 38.47%
1 Yr 18.9% -38.4% 43.3% 69.09%
3 Yr 5.9%* -15.0% 26.8% 67.45%
5 Yr 9.6%* -2.7% 106.3% 85.98%
10 Yr 7.9%* 2.2% 20.5% 92.63%

* Annualized

Return Ranking - Calendar

Period TIGGX Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% -42.6% 47.4% 50.00%
2022 -18.3% -56.3% -4.2% 18.75%
2021 20.1% -27.2% 53.7% 37.41%
2020 11.0% -36.2% 2181.7% 53.60%
2019 19.5% -22.7% 40.4% 70.81%

Total Return Ranking - Trailing

Period TIGGX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -47.2% 13.6% 38.47%
1 Yr 18.9% -38.4% 43.3% 69.09%
3 Yr 5.9%* -15.0% 26.8% 67.45%
5 Yr 9.6%* -2.7% 106.3% 85.98%
10 Yr 7.9%* 2.2% 20.5% 92.63%

* Annualized

Total Return Ranking - Calendar

Period TIGGX Return Category Return Low Category Return High Rank in Category (%)
2023 20.2% -5.0% 47.4% 70.69%
2022 -15.4% -36.8% -2.2% 27.40%
2021 22.3% 3.0% 124.3% 88.10%
2020 12.2% -15.8% 2266.0% 80.36%
2019 21.2% -0.4% 241.3% 96.54%

NAV & Total Return History

TIGGX - Holdings

Concentration Analysis

TIGGX Category Low Category High TIGGX % Rank
Net Assets 4.1 B 2.34 M 1.55 T 31.32%
Number of Holdings 59 1 4053 70.64%
Net Assets in Top 10 3.64 B 885 K 387 B 14.91%
Weighting of Top 10 98.46% 0.3% 112.0% 1.50%

Top 10 Holdings

  1. Goldman Sachs US Tax-Managed Equity Fund 61.94%
  2. Goldman Sachs International Tax-Managed Equity Fund 17.92%
  3. Goldman Sachs Financial Square Government Fund 7.18%
  4. Goldman Sachs International Small Cap Insights Fund 3.15%
  5. Goldman Sachs Emerging Markets Equity Insights Fund 2.50%
  6. Goldman Sachs MLP Energy Infrastructure Fund 1.89%
  7. Goldman Sachs Global Infrastructure Fund 1.83%
  8. Goldman Sachs Global Real Estate Securities Fund 1.60%
  9. iShares 7-10 Year Treasury Bond ETF 0.33%
  10. Sprott Physical Uranium Trust 0.12%

Asset Allocation

Weighting Return Low Return High TIGGX % Rank
Stocks 		91.37% 0.00% 124.03% 95.76%
Cash 		8.66% 0.00% 99.06% 2.75%
Preferred Stocks 		0.00% 0.00% 2.38% 35.79%
Convertible Bonds 		0.00% 0.00% 5.54% 32.13%
Bonds 		0.00% -0.50% 93.78% 37.21%
Other 		-0.03% -13.91% 100.00% 99.06%

Stock Sector Breakdown

Weighting Return Low Return High TIGGX % Rank
Technology 		20.56% 0.00% 48.94% 74.04%
Financial Services 		15.64% 0.00% 55.59% 24.76%
Healthcare 		12.67% 0.00% 60.70% 80.67%
Consumer Cyclical 		11.56% 0.00% 30.33% 27.08%
Industrials 		9.64% 0.00% 29.90% 39.62%
Communication Services 		7.33% 0.00% 27.94% 68.13%
Real Estate 		6.57% 0.00% 31.91% 2.72%
Basic Materials 		5.00% 0.00% 25.70% 11.66%
Energy 		4.96% 0.00% 41.64% 25.16%
Consumer Defense 		4.43% 0.00% 47.71% 88.90%
Utilities 		1.65% 0.00% 20.91% 72.92%

Stock Geographic Breakdown

Weighting Return Low Return High TIGGX % Rank
US 		91.25% 0.00% 124.03% 88.23%
Non US 		0.12% 0.00% 62.81% 24.88%

TIGGX - Expenses

Operational Fees

TIGGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 16.07% 39.34%
Management Fee 0.15% 0.00% 1.89% 14.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

TIGGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TIGGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

TIGGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 496.00% 33.83%

TIGGX - Distributions

Dividend Yield Analysis

TIGGX Category Low Category High TIGGX % Rank
Dividend Yield 1.24% 0.00% 25.99% 54.92%

Dividend Distribution Analysis

TIGGX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

TIGGX Category Low Category High TIGGX % Rank
Net Income Ratio 1.17% -54.00% 6.06% 22.36%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TIGGX - Fund Manager Analysis

Managers

Aron Kershner

Start Date

Tenure

Tenure Rank

Dec 29, 2014

7.42

7.4%

Aron Kershner is a Portfolio Manager on the Quantitative Investment Strategies (QIS) team. Previously, he is a member of the Customized Beta Strategies team. Prior to working in the Customized Beta Strategies team, he spent two years as a member of the QIS Product Strategy team. Mr. Kershner joined Goldman Sachs Asset Management, L.P. in 2005.

John Sienkiewicz

Start Date

Tenure

Tenure Rank

Dec 27, 2019

2.43

2.4%

Mr. Sienkiewicz joined Goldman Sachs Asset Management in 2009.

Sergey Kraytman

Start Date

Tenure

Tenure Rank

Jan 14, 2022

0.38

0.4%

Mr. Kraytman is a portfolio manager within the GPS Team. He joined the Investment Adviser as an Analyst in 1999.

David Hale

Start Date

Tenure

Tenure Rank

Jan 14, 2022

0.38

0.4%

David Hale, CFA and Vice President, is a portfolio manager within the GPS Team. He joined Goldman Sachs Asset Management, L.P. in 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.23 2.42

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