Fund Evaluator:

Goldman Sachs Investment Grd Crdt Instl Overview

Goldman Sachs Investment Grd Crdt Instl (GSGDX) is an actively managed Taxable Bond Corporate Bond fund. Goldman Sachs launched the fund in 2003.

The investment seeks a high level of total return consisting of capital appreciation and income. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in investment grade fixed income securities. Although the fund may invest without limit in foreign securities, the fund's investments in non-U.S. dollar denominated obligations will not exceed 25% of its total assets at the time of investment, and 10% of the fund's total assets may be invested in obligations of emerging countries.

About Goldman Sachs Investment Grd Crdt Instl (GSGDX)

There are 3 members of the management team with an average tenure of 9.25 years: Ben Johnson (2003), Andrew Parra (2023), Stanton Neilson (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Credit TR USD index with a weighting of 100%. Goldman Sachs Investment Grd Crdt Instl has 546 securities in its portfolio. The top 10 holdings constitute 29.0% 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 Investment Grd Crdt Instl is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Goldman Sachs Investment Grd Crdt Instl has 31.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.4% (62.5% domestic bond, 31.8% foreign bond and 0.0% convertible bond). Goldman Sachs Investment Grd Crdt Instl has 4.9% of the portfolio in cash.

Assets Under Management

The fund has $100 million in total assets, which is below the $723 million average for the Corporate Bond 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.

GSGDX 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 Investment Grd Crdt Instl expense ratio is below average compared to funds in the Corporate Bond category. Goldman Sachs Investment Grd Crdt Instl has an expense ratio of 0.38%, which is 49% lower than its category average, making the fund expense ratio grade a A. 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 Investment Grd Crdt Instl has a portfolio turnover rate of 37%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 117% for the Corporate Bond category.

Recently, in the month of July 2026, Goldman Sachs Investment Grd Crdt Instl returned -1.6%, which earned it a grade of B, as the Corporate Bond category had an average return of -1.6%. 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 Investment Grd Crdt Instl has a trailing yield of 4.93%, which is above the 4.39% 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 Investment Grd Crdt Instl Grades

Year to date, the fund has returned -0.7%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 2.8% over the past year (grade of B), 4.9% over the past three years (grade of B) and 0.0% per year over the past five years (grade of B) and 2.5% per year over the past 10 years (grade of B).

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