Goldman Sachs Asset Management has announced that Adam Agress, comanager on Goldman Sachs Mid Cap Value and an energy sector and consumer sector analyst on the Fundamental U.S. Equity team, has departed the firm. Sung Cho, the fund’s lead manager, remains in place. The firm said there are no immediate plans to name another comanager but that such a move could take place in the future. Existing analysts will take over Agress’ equity coverage, with the team looking to add new hires, the firm said. The fund’s People rating of Average and Morningstar Analyst Ratings--which are Neutral for all share classes-- remain intact.
Goldman Sachs Mid Cap Value Instl GSMCX
NAV / 1-Day Return
43.36
/
0.21
%
Total Assets
1.2 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.
0.850%
Expense Ratio
0.850%
Fee Level
Average
Longest Manager Tenure
5.68
years
Category
Mid-Cap Blend
Investment Style
Mid BlendMin. Initial Investment
1,000,000
Status
Open
TTM Yield
0.60%
Turnover
87%
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 GSMCX 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 GSMCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GSMCX 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 GSMCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Comanager Leaves Goldman Sachs Mid Cap Value
