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Address And Details

32 Old Slip , New York, NY 10005
Fund Manager Matthew T. Kaiser
Manager Tenure 5 Years 5 Months

Strategy And Objective

The Goldman Sachs Government Income Fund (the Fund) seeks a high level of current income, consistent with safety of principal. 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 Assets) in securities issued or guaranteed by the U.S. Government, its agencies, instrumentalities or sponsored enterprises (U.S. Government Securities), including agency issued adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities (Agency Mortgage-Backed Securities) and in repurchase agreements collateralized by such securities. The remainder of the Funds Net Assets may be invested in non-government securities such as privately issued adjustable rate and fixed rate mortgage-backed securities or other mortgage-related securities (Private Mortgage-Backed Securities and, together with Agency Mortgage-Backed Securities, Mortgage-Backed Securities), asset-backed securities and corporate securities. The Fund also intends to invest in derivatives, including (but not limited to) futures, swaps, options on swaps and other derivative instruments, which are used primarily to hedge the Funds portfolio risks, manage the Funds duration and/or gain exposure to certain fixed income securities. 100% of the Funds portfolio will be invested in U.S. dollar-denominated securities. The Fund may gain exposure to Agency Mortgage-Backed Securities through several methods, including by utilizing to-be-announced (TBA) agreements in Agency Mortgage-Backed Securities or through the use of reverse repurchase agreements. TBA agreements for Agency Mortgage-Backed Securities are standardized contracts for future delivery of fixed-rate mortgage pass-through securities in which the exact mortgage pools to be delivered are not specified until shortly before settlement. A reverse repurchase agreement enables the Fund to gain exposure to specified pools of Agency Mortgage-Backed Securities by purchasing them on a forward settling basis and using the proceeds of the reverse repurchase agreement to settle the trade. 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 Funds investments in non-U.S. Government Securities must be rated AAA or Aaa 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 Funds target duration range under normal interest rate conditions is expected to approximate that of the Bloomberg Barclays U.S. Government/Mortgage Index, plus or minus one year, and over the past five years ended June 30, 2020, the duration of this index has ranged between 4.43 and 5.66 years. Duration is a measure of a debt securitys 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 securitys market price. The Funds benchmark index is the Bloomberg Barclays U.S. Government/Mortgage Index.

Net Asset Value

as of 6:25 PM ET 12/07/2021


  • 1 Week
  • -0.33%
  • 1 Month
  • -0.59%
  • 3 Months
  • -1.18%
  • 1 Yr Return
  • -2.95%
  • 5 Yr Return
  • +3.28%

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 102.62%
Stocks 0.00%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -2.62%
Total Net Assets 10.02 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.42 -0.60 n/a
Beta 0.80 0.83 n/a
R Squared 0.80 0.85 n/a
Std Deviation 3.03 2.89 n/a
Sharpe Ratio 1.09 0.38 n/a

Purchase Information

as of 5:18 PM ET 12/06/2021
Minimum Initial $5000000
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • -1.85%
  • -1.88%
-1.85% -1.88%
3 Year
  • +4.14%
  • +4.24%
+4.14% +4.24%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +2.30%
  • +2.36%
+2.30% +2.36%

Top 10 Holdings

Symbol Company Name % Of Assets

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