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GXSTX - Goldman Sachs Satellite Strategies IR

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Goldman Sachs Satellite Strategies IR (GXSTX)
Expense Ratio: 1.21%
Expected Lifetime Fees: $35,256.42


The Goldman Sachs Satellite Strategies IR fund (GXSTX) is a World Allocation fund started on 11/30/2007 and has $1.10 billion in assets under management. The current manager has been running Goldman Sachs Satellite Strategies IR since 4/29/2009. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

Vanguard Total World Stock Index ETF (VT)
Expense Ratio: 0.22%
Expected Lifetime Fees: $7,107.65


The Vanguard Total World Stock Index ETF (VT) is an Exchange Traded Fund. It is a "basket" of securities that index the World Allocation investment strategy and is an alternative to a World Allocation mutual fund. Fees are very low compared to a comparable mutual fund like Goldman Sachs Satellite Strategies IR because computers automatically manage the stocks.




The Following World Allocation Funds Have Lower Fees Than Goldman Sachs Satellite Strategies IR (GXSTX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
AllianceBernstein Real Asset Strategy Fund Advisor Class AMTYX 120.0% 354 0.75%
AllianceBernstein Real Asset Strategy Fund Class A AMTAX 120.0% 354 1.05%
American Funds Capital Inc Bldr A CAIBX 47.0% 73,800 0.61%
American Funds Capital Inc Bldr F-1 CIBFX 47.0% 73,800 0.65%
American Funds Capital Inc Bldr F-2 CAIFX 47.0% 73,800 0.41%
American Funds Capital Inc Bldr R3 RIRCX 47.0% 73,800 0.97%
American Funds Capital Inc Bldr R4 RIREX 47.0% 73,800 0.66%
American Funds Capital Inc Bldr R5 RIRFX 47.0% 73,800 0.37%
American Funds Capital Inc Bldr R6 RIRGX 47.0% 73,800 0.32%
AQR Risk Parity Fund Class I AQRIX 66.0% 613 1.01%
BlackRock Global Allocation Instl MALOX 31.0% 51,700 0.89%
BlackRock Global Allocation Inv A MDLOX 31.0% 51,700 1.16%
Calamos Global Growth & Income I CGCIX 73.1% 1,600 1.07%
DWS Global Income Builder A KTR1Z 137.0% 984 0.96%
DWS Global Income Builder A KTRAX 137.0% 984 0.96%
DWS Global Income Builder S KTRSX 137.0% 984 0.76%
Fidelity Advisor Global Balanced Fund Institutional Class FGLIX 197.0% 507 1.12%
Fidelity Advisor Global Strategies I FDYIX 200.0% 381 0.99%
Fidelity Global Balanced FGBLX 197.0% 507 1.06%
Fidelity Global Strategies FDYSX 200.0% 381 0.99%
First Eagle Global A SGENX 11.6% 33,000 1.13%
First Eagle Global I SGIIX 11.6% 33,000 0.88%
Goldman Sachs Dynamic Allocation Inst GDIFX 297.0% 584 1.17%
Goldman Sachs Growth & Inc Strat Inst GOIIX 35.0% 1,100 0.95%
Goldman Sachs Growth & Inc Strat IR GPITX 35.0% 1,100 1.10%
Goldman Sachs Growth Strat Instl GGSIX 35.0% 897 0.94%
Goldman Sachs Growth Strat IR GGSTX 35.0% 897 1.09%
Goldman Sachs Satellite Strategies Instl GXSIX 35.0% 1,100 1.06%
Hartford Global All-Asset A HLAAX 206.0% 806 1.18%
Hartford Global All-Asset Fund Class I HLAIX 206.0% 806 0.93%
Hartford Global All-Asset Fund Class R4 HLASX 206.0% 806 1.13%
Hartford Global All-Asset Fund Class R5 HLATX 206.0% 806 0.93%
Hartford Global Real Asset Fund Class I HRLIX 145.0% 369 1.00%
Hartford Global Real Asset Fund Class R4 HRLSX 145.0% 369 1.20%
Hartford Global Real Asset Fund Class R5 HRLTX 145.0% 369 1.00%
Hartford Global Real Asset Fund Class Y HRLYX 145.0% 369 0.95%
IVA Worldwide I IVWIX 50.8% 9,000 1.04%
Ivy Asset Strategy A WASAX 47.0% 24,400 0.99%
Ivy Asset Strategy I IVAEX 47.0% 24,400 0.77%
Ivy Asset Strategy Y WASYX 47.0% 24,400 0.99%
Ivy Global Income Allocation Y IVBYX 61.0% 281 1.17%
Loomis Sayles Global Equity and Income Y LSWWX 65.0% 763 0.99%
Lord Abbett Global Allocation I LGEYX 27.7% 159 1.16%
MassMutual Select BlackRock Glbl Allc S MGSSX 43.0% 522 0.87%
MFS Global Total Return R4 MFWJX 46.0% 818 1.00%
Morgan Stanley Global Strategist A SRTAX 123.0% 444 0.98%
Morgan Stanley Global Strategist I SRTDX 123.0% 444 0.73%
Oppenheimer Global Allocation Y QGRYX 77.0% 1,800 1.04%
PIMCO All Asset All Authority Fund Institutional Class PAUIX 55.0% 18,800 1.11%
PIMCO All Asset Fund Administrative Class PAALX 56.0% 27,300 1.14%
PIMCO All Asset Fund Class P PALPX 56.0% 27,300 0.99%
PIMCO All Asset Fund Institutional Class PAAIX 56.0% 27,300 0.89%
PIMCO Global Multi-Asset Instl PGAIX 94.0% 5,400 1.04%
PIMCO Global Multi-Asset P PGAPX 94.0% 5,400 1.14%
Pioneer Multi-Asset Real Return Fund Class Y PMYRX 205.0% 389 1.03%
Target Moderate Allocation Z PDMZX 151.0% 268 1.12%
Templeton Global Balanced Adv TZINX 19.0% 998 0.96%
The Hartford Global All-Asset Fund Class Y HLAYX 206.0% 806 0.88%
Thornburg Investment Income Builder I TIBIX 30.3% 10,700 0.87%
Thornburg Investment Income Builder R5 TIBMX 30.3% 10,700 0.99%
UBS Global Allocation Y BPGLX 68.0% 867 0.98%
Waddell & Reed Asset Strategy A UNA1Z 72.0% 2,800 1.14%
Waddell & Reed Asset Strategy Y WYASX 72.0% 2,800 0.84%
Wells Fargo Advantage Asset Alloc Adm EAIFX 1.0% 7,200 1.13%
Wilmington Multi-Manager Real Asst Instl WMRIX 199.0% 346 1.14%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

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