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Address And Details

32 Old Slip , New York, NY 10005
Fund Manager Robert B. Hyman
Manager Tenure 1 Years

Strategy And Objective

The Goldman Sachs Commodity Strategy Fund (the Fund) seeks long-term total return. The Fund seeks to maintain substantial economic exposure to the performance of the commodities markets. The Fund primarily gains exposure to the commodities markets by investing in a wholly-owned subsidiary of the Fund organized as a company under the laws of the Cayman Islands, Cayman Commodity CSF, Ltd. (the CSF Subsidiary ). The CSF Subsidiary is advised by the Investment Adviser, and has the same investment objective as the Fund. CoreCommodity Management, LLC (the Sub-Adviser or CoreCommodity) serves as sub-adviser to both the Fund and the CSF Subsidiary. The Fund seeks to provide exposure to the commodities markets by investing, through the CSF Subsidiary, in commodity-linked investments including, without limitation, commodity swaps, commodity futures contracts, exchange-listed commodity forward contracts, options on commodity futures, and commodity-linked notes. The Fund may also, from time to time, invest in exchange-traded funds (ETFs) and master limited partnerships. In pursuing its objective, the Fund attempts to provide long and/or short exposure to the returns of real assets that trade in the commodity markets without direct investment in physical commodities. The Fund uses the Bloomberg Commodity Total Return Index (BCOM) as its performance benchmark, but the Fund is actively managed and will not attempt to replicate the index. Investment in the Subsidiary. The Fund may invest up to 25% of its total assets in the CSF Subsidiary. The CSF Subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments (which may include total return swaps). Commodity-linked swaps are derivative instruments whereby the cash flows agreed upon between counterparties are dependent upon the price of the underlying commodity or commodity index (or a component of the underlying commodity index) over the life of the swap. The value of the swap will rise and fall in response to changes in the underlying commodity or commodity index (or component of the underlying commodity index). Commodity-linked swaps expose the CSF Subsidiary and the Fund economically to movements in commodity prices. Such instruments may be leveraged so that small changes in the underlying commodity prices would result in disproportionate changes in the value of the instrument. Neither the Fund nor the CSF Subsidiary invests directly in physical commodities. The CSF Subsidiary will also invest in other instruments, including fixed income securities, either as investments or to serve as margin or collateral for its swap positions, and foreign currency transactions (including forward contracts).The Sub-Adviser will take various factors into account when seeking commodity market exposure, such as, without limitation, the results of proprietary models developed by the Sub- Adviser, relative price differentials for various commodity futures for current delivery as compared to those for future delivery, and market conditions. Among other strategies, the Fund employs commodity roll-timing strategies.

Net Asset Value

as of 6:05 PM ET 01/25/2022

Performance

  • 1 Week
  • +0.73%
  • 1 Month
  • -8.02%
  • 3 Months
  • -13.23%
  • 1 Yr Return
  • +17.27%
  • 5 Yr Return
  • -17.61%

Equity Sector Breakdown

Finance 10.18%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 89.82%
Other 10.18%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 94.07 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -13.20 -11.50 n/a
Beta 0.97 0.88 n/a
R Squared 0.39 0.35 n/a
Std Deviation 27.11 22.87 n/a
Sharpe Ratio 0.35 0.13 n/a

Purchase Information

as of 5:43 PM ET 01/24/2022
Minimum Initial $5000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +33.44%
  • +33.44%
+33.44% +33.44%
3 Year
  • +6.30%
  • +6.30%
+6.30% +6.30%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • -0.52%
  • -0.52%
-0.52% -0.52%

Top 10 Holdings

Symbol Company Name % Of Assets
SHRT TOTAL*SHORT TERM INVESTMENTS 67.51%
OTHER TOTAL*OTHER 3.77%
USTR TOTAL*US TREASURY BONDS 18.53%
FGTXX GOLDMAN SACHS FIN SQ FD GOV F 10.18%

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