Fund Evaluator:

Goldman Sachs Global Core Fxd Inc Inv Overview

Goldman Sachs Global Core Fxd Inc Inv (GBIRX) is an actively managed Taxable Bond Global Bond-USD Hedged fund. Goldman Sachs launched the fund in 2010.

The investment seeks a total return consisting of capital appreciation and income. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a core fixed income securities of U.S. and foreign issuers. Foreign securities include securities of issuers located outside the U.S. or securities quoted or denominated in a currency other than the U.S. dollar. The fund also enters into transactions in foreign currencies, typically through the use of forward contracts and swap contracts.

About Goldman Sachs Global Core Fxd Inc Inv (GBIRX)

There are 2 members of the management team with an average tenure of 4.44 years: Simon Dangoor (2019), Lindsay Rosner (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: Bloomberg Global Aggregate TR Hdg USD index with a weighting of 100%. Goldman Sachs Global Core Fxd Inc Inv has 872 securities in its portfolio. The top 10 holdings constitute 31.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Goldman Sachs Global Core Fxd Inc Inv is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Goldman Sachs Global Core Fxd Inc Inv has 88.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.8%. There is 0.0% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 83.1% (-4.9% domestic bond, 88.0% foreign bond and 0.0% convertible bond). Goldman Sachs Global Core Fxd Inc Inv has 14.1% of the portfolio in cash.

Assets Under Management

The fund has $32 million in total assets, which is below the $2 billion average for the Global Bond-USD Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GBIRX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Global Core Fxd Inc Inv expense ratio is above average compared to funds in the Global Bond-USD Hedged category. Goldman Sachs Global Core Fxd Inc Inv has an expense ratio of 0.60%, which is 18% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Global Core Fxd Inc Inv has a portfolio turnover rate of 488%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 197% for the Global Bond-USD Hedged category.

Recently, in the month of June 2026, Goldman Sachs Global Core Fxd Inc Inv returned 0.6%, which earned it a grade of B, as the Global Bond-USD Hedged category had an average return of 0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Goldman Sachs Global Core Fxd Inc Inv has a trailing yield of 3.25%, which is below the 3.99% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Goldman Sachs Global Core Fxd Inc Inv Grades

Year to date, the fund has returned 1.1%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.6% over the past year (grade of C), 4.7% over the past three years (grade of C) and 0.8% per year over the past five years (grade of C) and 2.1% per year over the past 10 years (grade of C).

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