Goldman Sachs Structured International Small Cap Fund (GICAX)

Goldman Sachs Structured International Small Cap Fund is an international stock fund. It invests in non-U.S. companies stocks. It also has a high yield of 4.35%.

Goldman Sachs Structured International Small Cap Fund (GICAX)

Goldman Sachs Structured International Small Cap Fund objective is to provide long term capital appreciation. It uses its assets to buy a broadly diversified portfolio of equity investments in small-cap non-U.S. issuers. It seeks to maximize its expected return, while maintaining risk, style, and capitalization characteristics similar to the MSCI Europe, Australasia, Far East Small Cap Index. It may invest in emerging countries and fixed income securities.

Fund Details

Goldman Sachs fund

• Fund Inception Date: 09/27/2007
• Ticker Symbol: GICAX
• CUSIP:
• Beta (3yr): 1.00
• Rank in category (YTD): 6%
• Category: Foreign Small/Mid Value
• Distribution: 4.35%
• Capital Gains: 0%
• Expense Ratio: 1.30%
• Net Assets: $ 286.3 million
• Number of Years Up: 3 years
• Number of Years Down: 2 years
• Annual Turnover Rate: 150%

Updated on 5/21/2013

This Goldman Sachs fund has $286.3 million of total net assets. The annual expense ratio is 1.30%. The management team consists of Len Ioffee, Ronald Hua, Nellie Bronner and Denis Suvorov.  The 12-month dividend yield is 4.35%. The recent distribution was given to investors in December 2012 in the amount of $0.39.

More: Top 10 Foreign Small and Mid Cap Stock Mutual Funds 2012

The fund’s benchmark is MSCI EAFE Small Cap Index – Net Unhedged USD. Morningstar analysts rank it with 4-stars rating. Based on the load adjusted returns, this foreign small/mid value fund has returned 8.11% over the past 1-year and 3.06% over the past 5-year. The yearly performance of this fund since its inception is as below:

• Year 2012: 20.61%
• Year 2011: -14.50%
• Year 2010: 27.77%
• Year 2009: 44.09% (highest)
• Year 2008: -43.98% (lowest)

There are other classes available such as Class C (GICCX), Institutional Class (GICIX) and IR Class (GIRLX). The expense ratio of Institutional Class is only 0.90%. The minimum initial investment of this fund is $1,000 for brokerage account with $50 minimum subsequent investment. You can buy it from several brokerages. The brokerages are Firstrade, Matrix Financial Solutions, Thrivent Advisory Eligible, Raymond James, MSSB Retail Fund, etc.

International Stock Fund

The top 10 holdings are Danieli & Co (1.5%), Debenhams Plc (1.2%), Symerise Ag (1.2%), Easy Jet Plc (1.2%), Rheinmetall AG (1.2%), Daiichikosho Co Ltd (1.1%), TGS Nopec Geophysical Co (1.0%), Gagfah SA (1.0%), Mondi Plc (1.0%) and Petroleum Geo-Services (0.9%). The top regional allocations are Europe ex-UK (35.8%), Japan (26.2%), UK (22.4%) and Asia ex-Japan (15.6%).

Principal risks of this GICAX fund are emerging countries risk, foreign risk, investment style risk, management risk, market risk, mid-cap and small-cap risk, portfolio turnover rate risk and stock risk.

Disclosure: No Position