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Morningstar

Goldman Sachs Core Fixed Income C GCFCX

Morningstar Medalist Rating
Medalist Rating as of | See Goldman Sachs Investment Hub
  • NAV / 1-Day Return 9.13  /  0.14 %
  • Total Assets 1.8 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.460%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.14%
  • Effective Duration 6.33 years

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:14 PM GMT+0

Morningstar’s Analysis GCFCX

Will GCFCX 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 GCFCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the GCFCX 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 GCFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Despite process enhancements, team turnover is a concern.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

Goldman Sachs Core Fixed Income benefits from a deep pool of resources, but elevated team turnover is a concern. While process refinements are more encouraging, these changes have yet to provide an edge over peers. The strategy’s cheapest share classes retain a Morningstar Analyst Rating of Neutral, while its pricier shares are rated Negative.

by Thomas Murphy
Rated on Published on

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Portfolio Holdings GCFCX

More GCFCX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 993
  • Other Holdings 80
  • % Assets in Top 10 Holdings 0.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 6%

15.35
253,231,287
Securitized

Federal National Mortgage Association 5.5%

10.66
175,848,714
Securitized

Federal National Mortgage Association 4.5%

10.39
171,370,026
Securitized

Government National Mortgage Association 5.5%

6.57
108,318,561
Securitized

Federal National Mortgage Association 5%

5.26
86,751,876
Securitized

Federal National Mortgage Association 2%

5.00
82,530,431
Securitized

United States Treasury Bonds 4.25%

5.00
82,483,929
Government

Government National Mortgage Association 6%

4.27
70,356,802
Securitized

Federal National Mortgage Association 5.5%

3.67
60,609,360
Securitized

Government National Mortgage Association 5.5%

3.62
59,676,353
Securitized