Address And Details

32 Old Slip , New York, NY 10005
Fund Manager Dave Fishman
Manager Tenure 12 Years 9 Months

Strategy And Objective

The Goldman Sachs Enhanced Income Fund (the Fund ) seeks to generate return in excess of traditional money market products while maintaining an emphasis on preservation of capital and liquidity. The Fund invests, under normal circumstances, primarily in a portfolio of U.S. dollar-denominated fixed income securities, including non-mortgage securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises ( U.S. Government Securities ), corporate notes, commercial paper and fixed and floating rate asset-backed securities and foreign securities. Except for asset-backed securities and Treasury Securities deliverable into futures transactions, the Fund will not invest in securities with remaining maturities of more than 5 years as determined in accordance with the SAI. With respect to asset-backed securities, the Fund will not invest in asset-backed securities with a weighted average life of more than 5 years. The Fund may invest across a broad range of high-grade fixed income sectors with an emphasis on the preservation of capital and liquidity. In pursuing the Fund s investment objective, the Investment Adviser will seek to enhance the Fund s return by identifying those high grade fixed income securities that are within the maturity limitations discussed above and that the Investment Adviser believes offer advantageous yields relative to other similar securities. The Fund also intends to invest in derivatives, including (but not limited to) interest rate futures, options, interest rate swaps and credit default swaps, which are used primarily to hedge the Fund s portfolio risks, manage the Fund s duration and/or gain exposure to certain fixed income securities. 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 ). The Fund s investments must be rated at least BBB by a nationally recognized statistical rating organization ( NRSRO ) at the time of purchase, or, if unrated, must be determined by the Investment Adviser to be of comparable credit quality. The fund s target duration range under normal interest rate conditions is expected to be approximately 9 months plus or minus 1 year, and over the past five years ended June 30, 2020, the duration of the Goldman Sachs Enhanced Income Fund Composite Index has ranged between 0.13 to 0.98 years. Duration is a measure of a debt security s price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price to changes in interest rates. For example, if market interest rates increase by 1%, the market price of a debt security with a positive duration of 3 years will generally decrease by approximately 3%. Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that security s market price. The Fund s benchmark index is the Goldman Sachs Enhanced Income Fund Composite Index, which is comprised of the ICE BofAML Six-Month U.S. Treasury Bill Index (50%) and the ICE BofAML One-Year U.S. Treasury Note Index (50%).

Net Asset Value

as of 5:48 PM ET 09/09/2021

Performance

  • 1 Week
  • n/a
  • 1 Month
  • n/a
  • 3 Months
  • -0.10%
  • 1 Yr Return
  • 0.00%
  • 5 Yr Return
  • +1.38%

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 65.18%
Cash 29.40%
Other 5.42%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 299.84 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.28 0.51 0.42
Beta 0.19 0.13 0.09
R Squared 0.09 0.06 0.04
Std Deviation 2.19 1.71 1.25
Sharpe Ratio 0.50 0.46 n/a

Purchase Information

as of 5:50 PM ET 09/08/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $0

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
  • +0.88%
  • +2.24%
+0.88% +2.24%
3 Year
  • +2.20%
  • +2.42%
+2.20% +2.42%
10 Year
  • +1.29%
  • +1.26%
+1.29% +1.26%
Life Of Fund
  • +2.27%
  • +2.30%
+2.27% +2.30%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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