GSBPX

About GSBPX

Goldman Sachs U.S. Mortgages Fund Class P is a mutual fund focused on the U.S. fixed income market, with an emphasis on mortgage-backed securities. Its primary objective is to deliver a high level of total return, combining both income and capital appreciation, by investing at least 80% of its net assets in securities representing interests in or collateralized by adjustable-rate and fixed-rate mortgage loans. The portfolio is largely made up of mortgage-backed securities from notable agencies such as the Federal National Mortgage Association and the Government National Mortgage Association, with a significant concentration in securities rated BBB- or higher by S&P and Baa3 or higher by Moody’s. This fund serves investors seeking exposure to the U.S. residential mortgage market within the broader intermediate government bond category. It typically maintains a duration aligned with indices like the Bloomberg U.S. Securitized Bond Index, targeting intermediate-term interest rate sensitivity. The fund offers monthly income distributions and is noted for its relatively low expense ratio compared to peers, making it cost-effective for investors focused on mortgage credit risk and interest rate characteristics in their fixed income allocations.