Address And Details

32 Old Slip , New York, NY 10005
Fund Manager Michael Swell
Manager Tenure 12 Years 6 Months

Strategy And Objective

The Goldman Sachs Core Fixed Income Fund (the Fund) seeks a total return consisting of capital appreciation and income. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (Net Asset) in fixed income securities,including securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises (U.S. Government Securities), corporate debt securities, privately issued adjustable rate and fixed rate mortgage loans or other mortgage-related securities (Mortgage-Backed Securities) and asset-backed securities. The Fund may also invest in custodial receipts, fixed income securities issued by or on behalf of states, territories, and possessions of the United States (including the District of Columbia) (Municipal Securities) and convertible securities. The Fund may also engage in forward foreign currency transactions for both hedging and non-hedging purposes. The Fund also intends to invest in derivatives, including (but not limited to) interest rate futures, interest rate swaps and credit default swaps, which are used primarily to hedge the Funds portfolio risks, manage the Funds duration and/or gain exposure to certain fixed income securities or indices. The Fund may also enter into reverse repurchase agreements, which involve the sale of securities held by the Fund subject to an agreement to repurchase them at a mutually agreed upon date and price (including interest). These transactions enable the Fund to finance the acquisition of investments when the Fund may not otherwise have cash available to finance such purchases. The Fund may enter reverse repurchase agreements when the Investment Adviser expects that the income to be earned from the investment of the transaction proceeds to be greater than the interest expense of the transaction. Reverse repurchase agreements may also be entered into as a temporary measure for emergency purposes or to meet redemption requests. The Fund may implement short positions and may do so by using swaps, options or futures, To Be Announced (TBA) Mortgage-Backed Securities, or through short sales of any instrument that the Fund may purchase for investment. For example, the Fund may enter into a futures contract pursuant to which it agrees to sell an asset (that it does not currently own) at a specified price at a specified point in the future. This gives the Fund a short position with respect to that asset. The Fund may utilize short positions to implement macro views on securities valuations, long term views on relative value or short term views on security mispricings, as well as any other views the Investment Adviser deems appropriate. For example, the Fund may buy a TBA Mortgage-Backed Security that the Investment Adviser expects to outperform or that it believes to be undervalued, and may also sell short a TBA Mortgage-Backed Security that it believes will under perform. The Fund will benefit from a short position to the extent the asset decreases in value (and will be harmed to the extent the asset increases in value) between the time it enters into the futures contract and the agreed date of sale. Alternatively, the Fund may sell an instrument (e.g., a bond, or a futures contract) it does not own in anticipation of a decline in the market value of the instrument, and then borrow the instrument to make delivery to the buyer. In these transactions, the Fund is obligated to replace the instrument borrowed by purchasing it at the market price at the time of replacement.The Fund may also seek to obtain exposure to fixed income investments through investments in affiliated or unaffiliated investment companies, including exchange-traded funds (ETFs).

Net Asset Value

as of 6:27 PM ET 09/24/2021

Performance

  • 1 Week
  • -0.45%
  • 1 Month
  • -0.45%
  • 3 Months
  • +0.46%
  • 1 Yr Return
  • -4.01%
  • 5 Yr Return
  • +2.32%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance 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
Bonds 113.71%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -13.71%
Total Net Assets 12.42 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.95 -0.78 -0.76
Beta 1.17 1.13 1.04
R Squared 0.89 0.90 0.91
Std Deviation 4.28 3.83 3.23
Sharpe Ratio 0.97 0.40 n/a

Purchase Information

as of 5:37 PM ET 09/23/2021
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • -0.66%
  • 0.00%
-0.66% 0.00%
3 Year
  • +5.22%
  • +4.70%
+5.22% +4.70%
10 Year
  • +2.58%
  • +2.62%
+2.58% +2.62%
Life Of Fund
  • +3.77%
  • +3.74%
+3.77% +3.74%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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