- What does GMSAX invest in?
- The fund employs a systematic trend-following methodology, allowing it to establish both long and short exposures across a diverse array of asset classes, including equities, fixed income, commodities, and currencies. Its primary goal is to generate consistent, positive absolute returns over the long term. To achieve this objective, the portfolio predominantly allocates capital to a comprehensive range of financial instruments, such as individual equities, equity index futures, bonds, bond futures, equity swaps, interest rate swaps, currency forwards, non-deliverable forwards, options, Exchange Traded Funds (ETFs), and structured securities.
- What is the expense ratio of GMSAX?
- Goldman Sachs Managed Futures Strategy Fund (GMSAX) charges an expense ratio of 1.16%. This is the annual fee deducted from fund assets to cover management and operations.
- What is the duration of GMSAX?
- Effective duration measures GMSAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GMSAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of GMSAX?
- GMSAX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of GMSAX?
- Yield to maturity (YTM) is the total return you'd earn from GMSAX if every bond in the portfolio is held to maturity at the current price. GMSAX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- How big is GMSAX?
- Goldman Sachs Managed Futures Strategy Fund (GMSAX) manages $183.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
