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Morningstar

Goldman Sachs Core Fixed Income Inv GDFTX

Morningstar Medalist Rating
Medalist Rating as of | See Goldman Sachs Investment Hub
  • NAV / 1-Day Return 9.07  /  0.34 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.470%
  • Expense Ratio 0.470%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.78%
  • Effective Duration 5.97 years

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 11:11 PM GMT+0

Morningstar’s Analysis GDFTX

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

People Pillar

The People Pillar is our evaluation of the GDFTX 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 GDFTX’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 GDFTX

More GDFTX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1008
  • Other Holdings 67
  • % Assets in Top 10 Holdings −2.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 6%

13.42
231,047,435
Securitized

Federal National Mortgage Association 6%

9.00
154,969,959
Securitized

Federal National Mortgage Association 5.5%

7.24
124,691,671
Securitized

Government National Mortgage Association 5%

7.04
121,294,579
Securitized

Federal National Mortgage Association 6.5%

6.65
114,544,897
Securitized

Government National Mortgage Association 5.5%

6.59
113,553,484
Securitized

Federal National Mortgage Association 5%

5.21
89,645,173
Securitized

Government National Mortgage Association 6%

4.72
81,359,072
Securitized

Government National Mortgage Association 6%

4.37
75,310,969
Securitized

Government National Mortgage Association 5.5%

4.17
71,817,259
Securitized