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Trending ETFs

Goldman Sachs Absolute Return Tracker Fund

mutual fund
GARUX
Payout Change
Pending
Price as of:
$10.24 -0.03 -0.29%
primary theme
N/A
share class
Investor (GSRTX) A (GARTX) P (GSGPX) R (GRRTX) Instl (GJRTX) R6 (GARUX) C (GCRTX)
GARUX (Mutual Fund)

Goldman Sachs Absolute Return Tracker Fund

Payout Change
Pending
Price as of:
$10.24 -0.03 -0.29%
primary theme
N/A
share class
Investor (GSRTX) A (GARTX) P (GSGPX) R (GRRTX) Instl (GJRTX) R6 (GARUX) C (GCRTX)
GARUX (Mutual Fund)

Goldman Sachs Absolute Return Tracker Fund

Payout Change
Pending
Price as of:
$10.24 -0.03 -0.29%
primary theme
N/A
share class
Investor (GSRTX) A (GARTX) P (GSGPX) R (GRRTX) Instl (GJRTX) R6 (GARUX) C (GCRTX)

Name

As of 12/10/2024

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

Goldman Sachs Absolute Return Tracker Fund

GARUX | Fund

$10.24

$4.27 B

2.50%

$0.26

0.86%

Vitals

YTD Return

8.9%

1 yr return

10.9%

3 Yr Avg Return

4.3%

5 Yr Avg Return

4.7%

Net Assets

$4.27 B

Holdings in Top 10

56.7%

52 WEEK LOW AND HIGH

$10.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 133.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

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

Goldman Sachs Absolute Return Tracker Fund

GARUX | Fund

$10.24

$4.27 B

2.50%

$0.26

0.86%

GARUX - Profile

Distributions

  • YTD Total Return 8.9%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.51%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs Absolute Return Tracker Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Jul 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Oliver 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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GARUX - Performance

Return Ranking - Trailing

Period GARUX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -73.0% 19.4% 34.05%
1 Yr 10.9% -9.1% 86.9% 30.18%
3 Yr 4.3%* -9.5% 16.2% 30.12%
5 Yr 4.7%* -4.9% 14.4% 17.04%
10 Yr N/A* -0.9% 7.5% 30.85%

* Annualized

Return Ranking - Calendar

Period GARUX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -22.7% 305.1% 40.00%
2022 -10.8% -9.8% 27.3% 29.84%
2021 -2.4% -20.8% 10.9% 36.89%
2020 3.1% -12.4% 29.4% 52.48%
2019 6.9% -10.5% 15.8% 17.80%

Total Return Ranking - Trailing

Period GARUX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -73.0% 19.4% 34.41%
1 Yr 10.9% -13.4% 86.9% 26.91%
3 Yr 4.3%* -9.5% 16.2% 28.11%
5 Yr 4.7%* -5.3% 14.4% 17.04%
10 Yr N/A* -0.9% 7.5% 28.72%

* Annualized

Total Return Ranking - Calendar

Period GARUX Return Category Return Low Category Return High Rank in Category (%)
2023 10.7% -22.7% 305.1% 40.00%
2022 -6.2% -9.8% 27.3% 30.24%
2021 6.4% -20.8% 10.9% 16.44%
2020 3.7% -8.4% 29.4% 20.30%
2019 10.8% -10.2% 18.0% 18.32%

NAV & Total Return History

GARUX - Holdings

Concentration Analysis

GARUX Category Low Category High GARUX % Rank
Net Assets 4.27 B 1.5 M 5.01 B 5.17%
Number of Holdings 1339 4 4478 13.43%
Net Assets in Top 10 2.52 B -398 M 2.55 B 2.47%
Weighting of Top 10 56.65% 13.1% 100.0% 11.01%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 23.83%
  2. iShares Core MSCI Emerging Markets ETF 9.24%
  3. Vanguard Short-Term Inflation-Protected Securities ETF 5.93%
  4. SPDR Blackstone Senior Loan ETF 3.41%
  5. U.S. Treasury Bills 3.35%
  6. Financial Select Sector SPDR Fund 2.98%
  7. Industrial Select Sector SPDR Fund 2.74%
  8. Goldman Sachs Access U.S. Preferred Stock and Hybrid ETF 1.96%
  9. iShares Convertible Bond ETF 1.73%
  10. Amazon.com Inc 1.49%

Asset Allocation

Weighting Return Low Return High GARUX % Rank
Stocks 		88.45% -3.75% 97.95% 31.80%
Cash 		10.65% -6278.21% 410.43% 25.80%
Convertible Bonds 		1.60% 0.00% 87.92% 29.33%
Other 		0.87% -21.53% 148.54% 95.05%
Preferred Stocks 		0.03% -0.12% 46.97% 32.51%
Bonds 		0.00% -326.45% 6347.80% 73.85%

Stock Sector Breakdown

Weighting Return Low Return High GARUX % Rank
Technology 		19.00% 0.00% 39.58% 58.27%
Financial Services 		17.77% 0.00% 59.28% 26.38%
Consumer Cyclical 		13.49% 0.00% 29.09% 24.80%
Healthcare 		11.84% 0.00% 45.63% 54.72%
Communication Services 		9.27% 0.00% 21.78% 19.69%
Industrials 		8.72% 0.00% 21.45% 77.56%
Consumer Defense 		6.10% 0.00% 13.62% 24.41%
Basic Materials 		4.74% 0.00% 27.46% 27.56%
Energy 		4.12% 0.00% 100.00% 55.91%
Utilities 		2.58% 0.00% 9.23% 61.02%
Real Estate 		2.38% 0.00% 51.26% 38.58%

Stock Geographic Breakdown

Weighting Return Low Return High GARUX % Rank
US 		83.83% -8.85% 91.88% 51.94%
Non US 		4.62% -19.62% 42.11% 15.19%

GARUX - Expenses

Operational Fees

GARUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.29% 31.15% 96.40%
Management Fee 0.64% 0.00% 2.50% 22.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

GARUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GARUX 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.

GARUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 133.00% 0.00% 491.00% 67.34%

GARUX - Distributions

Dividend Yield Analysis

GARUX Category Low Category High GARUX % Rank
Dividend Yield 2.50% 0.00% 4.56% 50.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GARUX Category Low Category High GARUX % Rank
Net Income Ratio 0.51% -2.51% 6.83% 57.91%

Capital Gain Distribution Analysis

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

Distributions History

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GARUX - 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

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