Fund Evaluator:
Goldman Sachs Conservative Allc A (GIPAX)
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Fund Details
Goldman Sachs Conservative Allc A Overview
Goldman Sachs Conservative Allc A (GIPAX) is an actively managed Allocation Global Moderately Conservative Allocation fund. Goldman Sachs launched the fund in 1998.
The investment seeks current income and long-term capital appreciation. Under normal conditions, the fund seeks to achieve its investment objective by investing approximately 60% of its assets (which allocation could be increased or decreased by up to 15%) in the underlying fixed income funds (or direct investments in the types of fixed income securities held by the underlying fixed income funds), and approximately 40% of its assets (which allocation could be increased or decreased by up to 15%) in the underlying equity funds (or direct investments in the types of equity securities held by the underlying equity funds).
About Goldman Sachs Conservative Allc A (GIPAX)
There are 2 members of the management team with an average tenure of 4.89 years: Alexandra Wilson-Elizondo (2022), Siwen Wu (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate Bd Hdg GR USD index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. Goldman Sachs Conservative Allc A has 160 securities in its portfolio. The top 10 holdings constitute 87.6% 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 Conservative Allc A is part of the Allocation global asset class and is within the Allocation fund group. Goldman Sachs Conservative Allc A has 43.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 29.9%. There is 17.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 48.3% (23.0% domestic bond, 25.3% foreign bond and 0.0% convertible bond). Goldman Sachs Conservative Allc A has 3.8% of the portfolio in cash.
Assets Under Management
The fund has $81 million in total assets, which is below the $304 million average for the Global Moderately Conservative Allocation 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.
GIPAX 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 Conservative Allc A expense ratio is high compared to funds in the Global Moderately Conservative Allocation category. Goldman Sachs Conservative Allc A has an expense ratio of 1.02%, which is 4% higher than its category average, making the fund expense ratio grade a D. 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 Conservative Allc A has a portfolio turnover rate of 24%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Moderately Conservative Allocation category.
Recently, in the month of July 2026, Goldman Sachs Conservative Allc A returned -1.1%, which earned it a grade of F, as the Global Moderately Conservative Allocation 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 Conservative Allc A has a trailing yield of 2.17%, which is below the 3.07% category average. The fund normally distributes its income quarterly 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 Conservative Allc A Grades
Year to date, the fund has returned 4.1%, 1.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 10.6% over the past year (grade of C), 9.3% over the past three years (grade of B) and 4.1% per year over the past five years (grade of B) and 5.6% per year over the past 10 years (grade of C).
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GIPAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GIPAX Return (NAV) | -1.1% | 1.4% | 10.6% | 9.3% | 4.1% | 5.6% |
| GIPAX Grade | F | C | C | B | B | C |
| +/- Category | -0.6% | -0.1% | -0.3% | 0.2% | 0.2% | 0.1% |
| Global Moderately Conservative Allocation Avg | -0.5% | 1.5% | 10.9% | 9.1% | 3.9% | 5.4% |
| GIPAX Tax Cost Ratio | na | na | 1.7% | 1.4% | 1.6% | 1.3% |
GIPAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GIPAX Return (NAV) | 4.1% | 11.5% | 8.2% | 12.1% | -14.1% | 7.5% | 10.7% | 15.2% | -6.9% | 11.2% | 5.1% |
| GIPAX Grade | D | C | A | A | D | C | C | C | F | B | F |
| +/- Category | -1.0% | -0.1% | 0.9% | 1.7% | -0.6% | -0.0% | 1.8% | 0.2% | -2.1% | 0.5% | -1.1% |
| Global Moderately Conservative Allocation Avg | 5.1% | 11.6% | 7.3% | 10.4% | -13.5% | 7.5% | 8.9% | 15.0% | -4.8% | 10.7% | 6.1% |
| Risk Measures | |
| Standard Deviation: | 7.5% |
| Total Risk Index: | 0.61 - Below Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 0.79 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.2% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $626 Mil |
| Fund Total Assets: | $ 81 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 24% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.2 years | |||
| Average Tenure: 4.9 years | |||
| Managers (Year): Wu Siwen (2021), Wilson-Elizondo Alexandra (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 160 |
| % in Top 10 Holdings: | 87.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 43.1% |
Portfolio Allocation |
|
| Domestic Stock: | 29.9% |
| Foreign Stock: | 17.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 23.0% |
| Foreign Bond: | 25.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 3.8% |
Purchase Information
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-526-7384 |
| Website: | www.goldmansachsfunds.com |
| Status: | Open |
| Inception Date: | January 2, 1998 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.02% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | Goldman Sachs Conservative Allc Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
