Goldman Sachs Satellite Strategies’ management team has stabilized recently, but it follows a questionable process that tilts heavily toward risky assets and can lead to significant drawdowns, warranting the continuation of a Morningstar Analyst Rating of Neutral for most share classes, while its pricey C shares retain a Negative rating.
Goldman Sachs Satellite Strategies A GXSAX
NAV / 1-Day Return
8.68
/
1.17
%
Total Assets
147.4 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.
1.420%
Expense Ratio
1.420%
Fee Level
High
Longest Manager Tenure
3.84
years
Category
World Allocation
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
1.78%
Turnover
6%
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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 GXSAX 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 GXSAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GXSAX 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 GXSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Different by nature.
