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Goldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund Ranking and Research

Ranking, Research and Recommendation of Goldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund

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Graph of Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) ManagerFund Manager - Samuel Finkelstein

Fund Manager Information

Fund Manager Tenure: 11.7 years
Fund Family: Goldman Sachs
Fund Category: Emerging-Markets Local-Currency Bond
Fund Performance: May 30, 2016
Fundmojo Fund Grade: D (Score: 0.41)     (What does this score mean?)

 

Graph of Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) ProfileGoldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) Profile

Fund Profile and Description

Goldman Sachs Local Emrg Mkts Debt Instl Fund seeks a high level of total return consisting of income and capital appreciation. Goldman Sachs Local Emrg Mkts Debt Instl Fund invests at least 80% of net assets plus any borrowings for investment purposes (measured at the time of purchase) in sovereign and corporate debt of issuers located in emerging countries which may be represented by forwards or other derivatives that may have interest rate exposure. It may invest in the aggregate up to 20% of net assets in investments other than emerging country fixed income securities, currency investments and related derivatives. Goldman Sachs Local Emrg Mkts Debt Instl Fund is non-diversified.

 

Goldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund Strength What we like about Goldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund

Data for Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) as of May 30, 2016

  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) management has been with Goldman Sachs Local Emrg Mkts Debt Instl Fund for 11.7 years
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) has good short-term performance (1-year return -6.08% vs -6.76% Emerging-Markets Local-Currency Bond category median performance)
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) has good Long-term performance (5-year return -3.94% vs -4.03% Emerging-Markets Local-Currency Bond category median performance)
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) has a lower expense ratio than its Emerging-Markets Local-Currency Bond average: 0.92% vs 1.20%
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) Weakness What we are cautious about Goldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund

Data for Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) as of May 30, 2016

  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) has a less-than-ideal mid-term performance (3-year return -7.93% vs -7.66% Emerging-Markets Local-Currency Bond category median performance)
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) ratio of up-years vs down years can be improved
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) has a Morningstar rating of 3 and below
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) is less safe compared to its Emerging-Markets Local-Currency Bond peers
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) has an annual stock turnover rate of 145.00% that is higher than the Emerging-Markets Local-Currency Bond average of 87.55%. This could mean Goldman Sachs Local Emrg Mkts Debt Instl is more nimble, but also signal potential high tax impact and high trading fees
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) does not have a good risk adjusted return as its 3-year Alpha of -11.49 is worse than category average of -10.88, and its 3-year Sharpe ratio is -0.63
  • Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) is more volatile than its peers as it has a 3-year Standard Deviation of 12.05 that is higher than category average of 11.84
See Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) performance details as of May 30, 2016

 

What do you think?

 

Compare Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX)Compare with other top Emerging-Markets Local-Currency Bond category mutual funds

Aadditional top Emerging-Markets Local-Currency Bond mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Goldman Sachs Local Emrg Mkts Debt Instl7.73-6.08-7.93-3.94
Guinness Atkinson Renminbi Yuan & Bond (GARBX)1.72-4.04-0.310Compare

See top fund managers for Emerging-Markets Local-Currency Bond Category Funds

 

Compare Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX)Compare with Emerging-Markets Local-Currency Bond category ETFs

Some Emerging-Markets Local-Currency Bond ETFs for your consideration

ETFYear to DateOne YearThree Year
WisdomTree Emerging Markets Lcl Dbt ETF (ELD)000
iShares Emerg Mkts Local Currency Bond (LEMB)5.20%-4.01%-4.30%
SPDR Barclays Emerging Mkts Lcl Bd ETF (EBND)7.69%-3.11%-4.49%

 

Graph of Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) Net Asset TrackingGoldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund Net Asset

Track net asset change of Goldman Sachs Local Emrg Mkts Debt Instl fund (GIMDX)

DateNet Asset
05/2016$490.90M
03/2016$547.85M
02/2016$510.55M
More historic net asset information on Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX)

  

Graph of Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) Portfolio TrackingGoldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund Portfolio Allocation

Track portfolio allocation change of Goldman Sachs Local Emrg Mkts Debt Instl fund (GIMDX)

DateCashStockBondOther
03/201623.05%0%32.72%4.72%
12/20159.35%0%77.8%6.99%
09/201512.63%0%78.11%3.88%
Click here to see more historic asset allocation information on Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX)

 

graph of Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) Top 10 Position TrackingTop 10 Holdings in Goldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund

Discover what Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX) manager is buying

Mar 30, 2016
Is Brl M 2jan17 Pfix [13.65%]
Is Brl M 2jan17 Rflt [13.6%]
Poland(Rep Of) 5.75% [6.06%]
Republic Of Colombia 7% [5.79%]
Is Krw Q 5dec22 Pfix [4.68%]
Is Krw Q 18sep22 Pfix [4.35%]
Is Krw Q 5dec22 Rflt [4.33%]
Poland(Rep Of) 2% [4.28%]
Is Krw Q 18sep22 Rflt [4.01%]
Is Krw Q 29jul17 Rfix [3.95%]

Dec 30, 2015
Republic Of Colombia 7% [5.92%]
Poland(Rep Of) 5.75% [5.3%]
Poland(Rep Of) 1.5% [4.33%]
Poland(Rep Of) 2% [3.57%]
US Treasury Note 2.125% [3.11%]
Turkey(Rep Of) 8.5% [2.81%]
Mexico Utd Mex St 4.75% [2.74%]
Secretaria Tesouro Nacl 10% [2.41%]
Thailand(Kingdom) 1.2% [2.36%]
Jpmorgan Chase Bk [2.23%]

Sep 29, 2015
Republic Of Colombia 7% [5.19%]
Poland(Rep Of) 5.75% [4.19%]
Mexico Utd Mex St 4.75% [3.74%]
Turkey(Rep Of) 8.5% [3.34%]
US Treasury Note 2.125% [2.31%]
Thailand(Kingdom) 3.65% [2.29%]
Brazil Federative Rep 10% [1.88%]
Secretaria Tesouro Nacl 10% [1.84%]
Thailand(Kingdom) 1.2% [1.77%]
Russian Federation 7.85% [1.66%]
Click here for Stock Holding Change Map in Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX)

  

Latest News on Goldman Sachs Local Emrg Mkts Debt Instl (GIMDX) Fund

See what is happening with Goldman Sachs Local Emrg Mkts Debt Instl Fund (GIMDX)

 

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