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Goldman Sachs Absolute Return Tracker Fund
mutual fund
GCRTX
Payout Change
Pending
Price as of:
$8.67
+0.02
+0.23%
primary theme
N/A
GCRTX (Mutual Fund)
Goldman Sachs Absolute Return Tracker Fund
Payout Change
Pending
Price as of:
$8.67
+0.02
+0.23%
primary theme
N/A
GCRTX (Mutual Fund)
Goldman Sachs Absolute Return Tracker Fund
Payout Change
Pending
Price as of:
$8.67
+0.02
+0.23%
primary theme
N/A
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.1%
1 yr return
9.8%
3 Yr Avg Return
3.3%
5 Yr Avg Return
4.1%
Net Assets
$4.27 B
Holdings in Top 10
56.7%
52 WEEK LOW AND HIGH
$8.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.98%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 133.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GCRTX - Profile
Distributions
- YTD Total Return 8.1%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.84%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGoldman Sachs Absolute Return Tracker Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateMay 30, 2008
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerOliver Bunn
Fund Description
The Fund’s Investment Adviser believes that hedge funds derive a large portion of their returns from exposure to sources of market risk (“Market Exposures”) and “Trading Strategies” involving long and/or short positions in Market Exposures and/or individual securities or baskets of securities. In seeking to meet its investment objective, the Fund uses a dynamic investment process to seek to identify the appropriate weights to Market Exposures and Trading Strategies that approximate the return and risk patterns of specific hedge fund sub-strategies. The hedge fund sub-strategies whose returns the Fund seeks to approximate include, but are not limited to, Equity Long Short, Event Driven, Relative Value and Macro sub-strategies (each a “Hedge Fund Sub-Strategy”). To establish the Market Exposures and Trading Strategies that drive the returns of the Hedge Fund Sub-Strategies, the Investment Adviser uses industry analysis of hedge funds, including hedge fund return databases, prime brokerage reports, industry participants and regulatory filings and other public sources. The Investment Adviser then applies a quantitative methodology, in combination with a qualitative overlay, to assess the appropriate weight to each Market Exposure and Trading Strategy. The Fund may seek to establish long and/or short positions in a multitude of Market Exposures, including but not limited to:◼U.S. and non-U.S. (including emerging market) equity indices;◼U.S. and non-U.S. (including emerging market) fixed income indices;◼Credit indices;◼Interest rates;◼Commodity indices;◼Master limited partnership (“MLP”) indices;◼Foreign currency exchange rates;◼Baskets of top positions held by hedge funds;◼Single stocks and single commodities;◼Volatility; and◼Market momentum/trends.The Fund invests in instruments that the Investment Adviser believes will assist the Fund in gaining exposure to the Market Exposures. The instruments in which the Fund may invest include, but are not limited to:◼Equity securities (including securities that may convert into equity securities);◼U.S. corporate bonds and other fixed income securities (including non-investment grade fixed income securities (commonly known as “junk bonds”));◼Futures (including equity index futures, interest rate futures, bond futures and volatility futures);◼Swaps (including total or excess return swaps and credit default swaps on indices);◼Options (including listed equity index put and call options, listed government bond future put and call options, options on volatility, and swaptions);◼Structured notes (including commodity-linked notes);◼Exchange-traded funds (“ETFs”);◼Forward contracts (including currency forward contracts on developed and emerging markets currencies);◼Wholly-owned subsidiary (to gain exposure to the commodities markets);◼Asset and mortgage-backed securities and real estate investment trusts (“REITs”);◼U.S. government securities, including agency debentures, and other high quality debt securities; and◼Cash equivalents.Investment in the Subsidiary. The Fund seeks to gain exposure to the commodities markets by investing in a wholly-owned subsidiary of the Fund organized as a limited liability company under the laws of the Cayman Islands, Cayman Commodity – ART, LLC (the “ART Subsidiary”). The ART Subsidiary is advised by the Investment Adviser and seeks to gain commodities exposure. The Fund may invest up to 25% of its total assets in the ART Subsidiary. The ART Subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments (which may include total or excess return swaps on commodity indexes, sub-indexes and single commodities, as well as commodity (U.S. or foreign) futures, commodity options and commodity-linked notes). 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 over the life of the swap. Commodity futures contracts are standardized, exchange-traded contracts that provide for the sale or purchase of, or economic exposure to the price of, a commodity or a specified basket of commodities at a future time. An option on commodities gives the purchaser the right (and the writer of the option the obligation) to assume a position in a commodity or a specified basket of commodities at a specified exercise price within a specified period of time. The value of these commodity-linked derivatives will rise and fall in response to changes in the underlying commodity or commodity index. Commodity-linked derivatives expose the ART 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 ART Subsidiary invests directly in physical commodities. The ART Subsidiary may also invest in other instruments, including fixed income securities, either as investments or to serve as margin or collateral for its swap positions, as well as volatility index derivatives and foreign currency transactions (including forward contracts).The Fund may from time to time hold foreign currencies. Additionally, as a result of the Fund’s use of derivatives, the Fund may also hold as collateral significant amounts of U.S. Treasury or short-term investments, including money market funds, repurchase agreements, cash and time deposits. In managing the collateral portion of the Fund’s investment strategy, the Investment Adviser generally seeks capital preservation.The weighting of a Market Exposure or Trading Strategy within the Fund may be positive or negative. A negative weighting will result from establishing a short position with respect to a Market Exposure or Trading Strategy. As a result of the Fund’s negative weightings in various Market Exposures or Trading Strategies from time to time, the Fund’s net asset value (“NAV”) per share may decline during certain periods, even if the value of any or all of the Market Exposures or Trading Strategies increases during that time. Additionally, the sum of the Fund’s target weightings to each Market Exposure or Trading Strategy may not equal 100%.The Fund may make investment decisions that deviate from those generated by the Investment Adviser’s proprietary investment model, at the discretion of the Investment Adviser. In addition, the Investment Adviser may, in its discretion, make changes to the quantitative methodology used by the Fund, and the Fund may use other proprietary methodologies based on the Investment Adviser’s proprietary research.The Fund does not invest in hedge funds.The Fund’s benchmark index is the ICE BofA 3 Month U.S. Treasury Bill Index.
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GCRTX - Performance
Return Ranking - Trailing
| Period | GCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -73.0% | 19.4% | 41.22% |
| 1 Yr | 9.8% | -9.1% | 86.9% | 34.18% |
| 3 Yr | 3.3%* | -9.5% | 16.2% | 52.61% |
| 5 Yr | 4.1%* | -4.9% | 14.4% | 36.77% |
| 10 Yr | 3.0%* | -0.9% | 7.5% | 65.96% |
* Annualized
Return Ranking - Calendar
| Period | GCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.2% | -22.7% | 305.1% | 50.74% |
| 2022 | -11.3% | -9.8% | 27.3% | 31.45% |
| 2021 | -4.6% | -20.8% | 10.9% | 50.67% |
| 2020 | 1.7% | -12.4% | 29.4% | 68.32% |
| 2019 | 6.8% | -10.5% | 15.8% | 21.47% |
Total Return Ranking - Trailing
| Period | GCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -73.0% | 19.4% | 41.22% |
| 1 Yr | 9.8% | -13.4% | 86.9% | 34.91% |
| 3 Yr | 3.3%* | -9.5% | 16.2% | 46.99% |
| 5 Yr | 4.1%* | -5.3% | 14.4% | 33.63% |
| 10 Yr | 3.0%* | -0.9% | 7.5% | 61.70% |
* Annualized
Total Return Ranking - Calendar
| Period | GCRTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.3% | -22.7% | 305.1% | 50.74% |
| 2022 | -7.1% | -9.8% | 27.3% | 31.85% |
| 2021 | 5.3% | -20.8% | 10.9% | 23.56% |
| 2020 | 2.4% | -8.4% | 29.4% | 40.59% |
| 2019 | 9.7% | -10.2% | 18.0% | 26.70% |
NAV & Total Return History
GCRTX - Holdings
Concentration Analysis
| GCRTX | Category Low | Category High | GCRTX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.27 B | 1.5 M | 5.01 B | 4.80% |
| Number of Holdings | 1339 | 4 | 4478 | 13.07% |
| Net Assets in Top 10 | 2.52 B | -398 M | 2.55 B | 2.12% |
| Weighting of Top 10 | 56.65% | 13.1% | 100.0% | 10.55% |
Top 10 Holdings
- Goldman Sachs Financial Square Government Fund 23.83%
- iShares Core MSCI Emerging Markets ETF 9.24%
- Vanguard Short-Term Inflation-Protected Securities ETF 5.93%
- SPDR Blackstone Senior Loan ETF 3.41%
- U.S. Treasury Bills 3.35%
- Financial Select Sector SPDR Fund 2.98%
- Industrial Select Sector SPDR Fund 2.74%
- Goldman Sachs Access U.S. Preferred Stock and Hybrid ETF 1.96%
- iShares Convertible Bond ETF 1.73%
- Amazon.com Inc 1.49%
Asset Allocation
| Weighting | Return Low | Return High | GCRTX % Rank | |
|---|---|---|---|---|
| Stocks | 88.45% | -3.75% | 97.95% | 31.45% |
| Cash | 10.65% | -6278.21% | 410.43% | 25.44% |
| Convertible Bonds | 1.60% | 0.00% | 87.92% | 28.98% |
| Other | 0.87% | -21.53% | 148.54% | 94.70% |
| Preferred Stocks | 0.03% | -0.12% | 46.97% | 32.16% |
| Bonds | 0.00% | -326.45% | 6347.80% | 73.50% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GCRTX % Rank | |
|---|---|---|---|---|
| Technology | 19.00% | 0.00% | 39.58% | 57.87% |
| Financial Services | 17.77% | 0.00% | 59.28% | 25.98% |
| Consumer Cyclical | 13.49% | 0.00% | 29.09% | 24.41% |
| Healthcare | 11.84% | 0.00% | 45.63% | 54.33% |
| Communication Services | 9.27% | 0.00% | 21.78% | 19.29% |
| Industrials | 8.72% | 0.00% | 21.45% | 77.17% |
| Consumer Defense | 6.10% | 0.00% | 13.62% | 24.02% |
| Basic Materials | 4.74% | 0.00% | 27.46% | 27.17% |
| Energy | 4.12% | 0.00% | 100.00% | 55.51% |
| Utilities | 2.58% | 0.00% | 9.23% | 60.63% |
| Real Estate | 2.38% | 0.00% | 51.26% | 38.19% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GCRTX % Rank | |
|---|---|---|---|---|
| US | 83.83% | -8.85% | 91.88% | 51.59% |
| Non US | 4.62% | -19.62% | 42.11% | 14.84% |
GCRTX - Expenses
Operational Fees
| GCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.98% | 0.29% | 31.15% | 52.52% |
| Management Fee | 0.64% | 0.00% | 2.50% | 21.91% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 77.03% |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| GCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 63.64% |
Trading Fees
| GCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GCRTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 133.00% | 0.00% | 491.00% | 66.94% |
GCRTX - Distributions
Dividend Yield Analysis
| GCRTX | Category Low | Category High | GCRTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.80% | 0.00% | 4.56% | 47.70% |
Dividend Distribution Analysis
| GCRTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| GCRTX | Category Low | Category High | GCRTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.84% | -2.51% | 6.83% | 89.93% |
Capital Gain Distribution Analysis
| GCRTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.156 | OrdinaryDividend |
| Dec 23, 2022 | $0.244 | OrdinaryDividend |
| Dec 13, 2022 | $0.108 | OrdinaryDividend |
| Dec 30, 2021 | $0.019 | OrdinaryDividend |
| Dec 14, 2021 | $0.851 | OrdinaryDividend |
| Dec 30, 2020 | $0.010 | OrdinaryDividend |
| Dec 14, 2020 | $0.051 | OrdinaryDividend |
| Dec 30, 2019 | $0.013 | OrdinaryDividend |
| Dec 12, 2019 | $0.152 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.073 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.017 | OrdinaryDividend |
| Dec 11, 2018 | $0.105 | CapitalGainShortTerm |
| Dec 11, 2018 | $0.040 | CapitalGainLongTerm |
| Dec 11, 2017 | $0.230 | CapitalGainShortTerm |
| Dec 11, 2017 | $0.104 | CapitalGainLongTerm |
| Dec 09, 2016 | $0.037 | CapitalGainShortTerm |
| Dec 30, 2014 | $0.068 | CapitalGainShortTerm |
| Dec 09, 2014 | $0.129 | CapitalGainShortTerm |
| Dec 09, 2014 | $0.149 | CapitalGainLongTerm |
| Dec 05, 2013 | $0.145 | CapitalGainShortTerm |
| Dec 05, 2013 | $0.382 | CapitalGainLongTerm |
| Dec 05, 2012 | $0.043 | CapitalGainLongTerm |
| Dec 07, 2011 | $0.024 | CapitalGainShortTerm |
| Dec 07, 2011 | $0.089 | CapitalGainLongTerm |
| Dec 08, 2010 | $0.043 | CapitalGainShortTerm |
| Dec 08, 2010 | $0.014 | CapitalGainLongTerm |
| Dec 08, 2009 | $0.008 | CapitalGainShortTerm |
GCRTX - Fund Manager Analysis
Managers
Oliver Bunn
Start Date
Tenure
Tenure Rank
Jul 14, 2017
4.88
4.9%
Mr. Bunn is a portfolio manager on the Alternative Investment Strategies (AIS) team within Quantitative Investment Strategies (“QIS”) Team. He joined GSAM in 2014 and is primarily focused on alternative risk premia and hedge fund beta strategies. Previously, he researched and developed equity strategy indices at Barclays. Oliver Bunn, Vice President, has managed the Fund since 2018.
Federico Gilly
Start Date
Tenure
Tenure Rank
Oct 12, 2018
3.64
3.6%
Mr. Gilly is co-head of research, portfolio management and portfolio construction for the Alternative Investment Strategies (AIS) team within GSAM’s QIS platform. Mr. Gilly joined Goldman Sachs in 2000.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 17.37 | 4.48 | 1.67 |
