As Goldman Sachs Global Core Fixed Income’s managers settle into their roles, signs of improvement here include better integrated sector teams and process refinements designed to produce a more balanced and intentional portfolio than in the past. As those changes bear fruit, the strategy earns an upgrade of its Morningstar Analyst Rating to Neutral across all its share classes except its most expensive, which remains Negative.
Goldman Sachs Global Core Fxd Inc Inv GBIRX
NAV / 1-Day Return
12.67
/
0.23
%
Total Assets
678.2 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.660%
Expense Ratio
0.660%
Fee Level
Average
Longest Manager Tenure
1.81
years
Category
World Bond-USD Hedged
Credit Quality / Interest Rate Sensitivity
Low / ModerateMin. Initial Investment
0
Status
Open
TTM Yield
2.29%
Effective Duration
7.10
years
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will GBIRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GBIRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GBIRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of GBIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Process refinements and recent team stability are encouraging but the strategy has more to prove.
