Michael Swell, longtime manager of Goldman Sachs Bond GSNIX and Goldman Sachs Core Fixed Income GSFIX, is retiring at the end of 2021. Ashish Shah, who joined the firm in 2018 and is co-head of the firm's global fixed-income and liquidity solutions group, became a comanager on these funds in January 2019 and will be the sole lead when Swell steps down. Whitney Watson, who joined the firm in 2005, is head of portfolio construction and risk and will be taking on more of Swell's high-level oversight of the core fixed-income strategies.
Goldman Sachs Core Fixed Income R GDFRX
NAV / 1-Day Return
10.64
/
0.29
%
Total Assets
2.0 Bil
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.
0.960%
Expense Ratio
0.960%
Fee Level
Below Average
Longest Manager Tenure
3.06
years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
0
Status
Open
TTM Yield
1.35%
Effective Duration
6.47
years
Premium
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 GDFRX 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 GDFRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GDFRX 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 GDFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Comanager of Goldman Sachs Bond and Goldman Sachs Core Fixed Income to Retire; Ratings Unchanged
