Goldman Sachs Commodity Strategy Fund Insti Cl
GCCIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Chicago DE 60606 Chicago DE United States of America 60606
- IPO Date
- Apr 2, 2007
- CIK
- 0000822977
- Website
- am.gs.com
- Similar Companies
- Business
- Goldman Sachs Commodity Strategy Fund Institutional Class (GCCIX) is an open-end mutual fund that seeks long-term total return through substantial economic exposure to the performance of commodities markets without direct investment in physical commodities. The fund primarily invests up to 25% of its total assets in its wholly-owned subsidiary, Cayman Commodity - CSF, Ltd., a Cayman Islands entity advised by Goldman Sachs Asset Management, L.P. and sub-advised by CoreCommodity Management, LLC; through this subsidiary, it pursues commodity-linked investments including commodity swaps, commodity futures contracts, exchange-listed commodity forward contracts, options on commodity futures, and commodity-linked notes. It also holds significant collateral in U.S. Treasury bills, short-term fixed income securities, and cash equivalents to support its derivatives positions and manage duration, while employing active strategies such as roll-timing, overweighting or underweighting commodities relative to the Bloomberg Commodity Index Total Return (BCOM) benchmark, and long/short exposure across energy, industrial metals, precious metals, agriculture, and livestock sectors. Launched on March 30, 2007 and domiciled in the United States, the fund targets institutional investors with a minimum initial investment of $1,000,000 and maintains total net assets of approximately $338.55 million, with the Institutional Class share class at $118.45 million as of recent data. Available for sale solely in the United States, it features a net expense ratio of 0.62% (after waivers) and daily pricing, with portfolio turnover calculated at 0% for the fiscal year ended December 31, 2023 excluding short-term instruments and derivatives. The fund may allocate up to 35% of net assets to foreign securities and uses forwards, futures, and swaps for both hedging and non-hedging purposes. Recent developments include the appointment of Nelson Louie as co-portfolio manager alongside Robert B. Hyman (since January 2021) effective November 15, 2024, enhancing the sub-advisory team's expertise in commodity strategies. Management fee waivers by the investment adviser, including offsets for fees earned from the CSF Subsidiary at an annual rate of 0.42% of its average daily net assets, remain in effect through at least April 29, 2025 to limit total annual fund operating expenses. No major acquisitions, funding rounds, new product launches, or strategic reorganizations have been reported for the fund in the last 1-2 years.