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Trending ETFs

Goldman Sachs Managed Futures Strategy Fund

mutual fund
GFFRX
Payout Change
Pending
Price as of:
$9.68 +0.01 +0.1%
primary theme
N/A
GFFRX (Mutual Fund)

Goldman Sachs Managed Futures Strategy Fund

Payout Change
Pending
Price as of:
$9.68 +0.01 +0.1%
primary theme
N/A
GFFRX (Mutual Fund)

Goldman Sachs Managed Futures Strategy Fund

Payout Change
Pending
Price as of:
$9.68 +0.01 +0.1%
primary theme
N/A

Name

As of 05/21/2024

Price

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

$9.68

$266 M

11.80%

$1.14

2.00%

Vitals

YTD Return

6.0%

1 yr return

5.8%

3 Yr Avg Return

6.6%

5 Yr Avg Return

6.1%

Net Assets

$266 M

Holdings in Top 10

70.1%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

Price

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

$9.68

$266 M

11.80%

$1.14

2.00%

GFFRX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -2.04%
DIVIDENDS
  • Dividend Yield 11.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs Managed Futures Strategy Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Feb 29, 2012
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Park

Fund Description

The Fund implements a trend-following strategy that takes long and/or short positions in a wide range of asset classes, including equities, fixed income, commodities and currencies, among others, to seek long-term absolute return. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of equities, equity index futures, bonds, bond futures, equity swaps, interest rate swaps, currency forwards and non-deliverable forwards, options, exchange-traded funds (“ETFs”), and structured securities. As a result of the Fund’s use of derivatives, the Fund may also hold significant amounts of U.S. Treasuries or short-term investments, including money market funds, repurchase agreements, cash and time deposits. The Fund’s investments will be made without restriction as to issuer capitalization, country, currency, maturity, or credit rating.The Investment Adviser seeks to identify price trends in various asset classes over short-, medium-, and long-term horizons via a proprietary investment model, in combination with a qualitative overlay. The proprietary investment model uses past asset prices and other market information to seek to determine the direction and the magnitude of the price trend. The investment model tends to have positive view on assets with positive trends and negative view on assets with negative trends. For certain assets where market events produce predictable price patterns, the model adjusts such asset views accordingly. Based on the investment model views, the Fund will take a long or short position in the instrument or asset. Long positions benefit from an increase in price of the underlying instrument or asset, while short positions benefit from a decrease in price of the underlying instrument or asset. The size of the Fund’s position in an instrument or asset will primarily be related to the strength of the overall trend identified by the investment model as well as its forecasted risk. 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 its investment model, or use other investment models that are based on the Investment Adviser’s proprietary research.The Fund may implement short positions and may do so by using swaps or futures, 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 use leverage (e.g., by borrowing or through derivatives). As a result, the sum of the Fund’s investment exposures may at times exceed the amount of assets invested in the Fund, although these exposures may vary over time.The Fund may seek exposure to the commodities markets by investing in commodity index-linked structured notes. The Fund may also take long and/or short positions in commodities by investing in other investment companies, ETFs or other pooled investment vehicles. The Fund may also 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 (the “MFS Subsidiary”). The MFS Subsidiary is advised by the Investment Adviser and seeks to gain commodities exposure.Investment in the Subsidiary. The Fund may invest up to 25% of its total assets in the MFS Subsidiary. The MFS Subsidiary primarily obtains its commodity exposure by investing in commodity-linked derivative instruments, which may include but are not limited to total return swaps, commodity (U.S. or foreign) futures 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. 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 MFS 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 MFS Subsidiary invests directly in physical commodities. The MFS 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’s benchmark index is the ICE BofA 3 Month U.S. Treasury Bill Index.
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GFFRX - Performance

Return Ranking - Trailing

Period GFFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -7.4% 14.6% 75.53%
1 Yr 5.8% -16.1% 36.5% 51.61%
3 Yr 6.6%* -7.9% 13.3% 47.19%
5 Yr 6.1%* -5.3% 10.0% 37.35%
10 Yr 4.1%* -2.4% 4.3% N/A

* Annualized

Return Ranking - Calendar

Period GFFRX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.3% -16.4% 12.9% 25.81%
2022 -1.1% -9.3% 17.5% 70.65%
2021 -2.7% -25.8% 2.2% 25.58%
2020 5.0% -5.1% 21.0% 57.89%
2019 -4.3% -20.3% 4.6% 35.21%

Total Return Ranking - Trailing

Period GFFRX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -7.4% 14.6% 75.53%
1 Yr 5.8% -20.3% 36.5% 44.09%
3 Yr 6.6%* -9.0% 11.1% 44.94%
5 Yr 6.1%* -5.7% 8.7% 32.53%
10 Yr 4.1%* -2.4% 4.3% N/A

* Annualized

Total Return Ranking - Calendar

Period GFFRX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.3% -16.4% 12.9% 25.81%
2022 19.8% -9.3% 17.5% 70.65%
2021 4.3% -20.3% 2.5% 25.58%
2020 6.3% -5.1% 21.0% 60.53%
2019 2.1% -20.3% 6.7% 35.21%

NAV & Total Return History


GFFRX - Holdings

Concentration Analysis

GFFRX Category Low Category High GFFRX % Rank
Net Assets 266 M 2.12 M 1.74 B 32.98%
Number of Holdings 225 3 876 10.64%
Net Assets in Top 10 204 M -100 M 2.04 B 29.79%
Weighting of Top 10 70.12% 20.3% 94.0% 11.11%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 66.23%
  2. IRS GBP 0.71%
  3. SP500 EMINI 0.71%
  4. CURRENCY CONTRACT - NOK 0.69%
  5. IRS EUR 0.61%
  6. CURRENCY CONTRACT - AUD 0.34%
  7. LME PRI ALUM 0.27%
  8. IRS GBP 0.22%
  9. IRS ZAR 0.18%
  10. KOSPI2 INX 0.16%

Asset Allocation

Weighting Return Low Return High GFFRX % Rank
Cash
99.36% -687.11% 117.03% 79.79%
Other
0.64% 0.00% 58.63% 48.94%
Stocks
0.00% -1.78% 72.26% 8.51%
Preferred Stocks
0.00% 0.00% 0.13% 62.77%
Convertible Bonds
0.00% 0.00% 2.27% 64.89%
Bonds
0.00% -50.36% 717.59% 19.15%

GFFRX - Expenses

Operational Fees

GFFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.00% 0.75% 12.88% 58.06%
Management Fee 1.00% 0.65% 2.99% 23.40%
12b-1 Fee 0.50% 0.00% 1.00% 68.85%
Administrative Fee N/A 0.09% 0.45% N/A

Sales Fees

GFFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GFFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

GFFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 198.00% 97.59%

GFFRX - Distributions

Dividend Yield Analysis

GFFRX Category Low Category High GFFRX % Rank
Dividend Yield 11.80% 0.00% 0.00% 58.51%

Dividend Distribution Analysis

GFFRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

GFFRX Category Low Category High GFFRX % Rank
Net Income Ratio -2.04% -3.14% 1.55% 91.40%

Capital Gain Distribution Analysis

GFFRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GFFRX - Fund Manager Analysis

Managers

James Park


Start Date

Tenure

Tenure Rank

Oct 03, 2014

7.66

7.7%

James Park joined Goldman Sachs Asset Management as a member of the QIS Team in 2004. He is a senior member of the QIS research and portfolio management team.

Momoko Ono


Start Date

Tenure

Tenure Rank

Apr 28, 2017

5.09

5.1%

Ms. Ono is a portfolio manager and researcher on the Quantitative Investment Strategies (QIS) Team She originally joined Goldman Sachs in April 2002.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 14.09 5.41 5.06