Goldman Sachs Managed Futures Strategy Fund
GMSAX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Goldman Sachs Managed Futures Strategy Fund (GMSAX) is an open-end mutual fund managed by Goldman Sachs Asset Management that seeks long-term absolute returns through a proprietary trend-following strategy implemented across more than 100 global markets. The Fund takes long and/or short positions in a diversified range of asset classes, including developed and emerging market equities; long-, medium-, and short-term fixed income; developed and emerging market currencies; and commodities; utilizing instruments such as equity index futures (e.g., E-mini S&P 500, Nasdaq 100, Dow), bond futures, equity swaps, total return swaps, commodity futures, commodity-linked notes, forwards, and options, with significant allocations often held in cash equivalents like Goldman Sachs FS Government Instl and a Cayman Islands subsidiary (Cayman Commodity-MFS LLC) for commodity exposure. It operates primarily in U.S. markets with global exposures across North America, Europe, Asia-Pacific, and emerging regions, targeting institutional and retail investors seeking diversification uncorrelated to traditional assets like the S&P 500 or U.S. Aggregate Bond Index; the Fund was incepted on February 29, 2012, and is part of Goldman Sachs Funds, with Goldman Sachs headquartered in New York. As of mid-2024, assets under management stood at approximately $300 million across share classes (AUM $173.5 million for Class A), with a net expense ratio of 1.48% for Class A, high portfolio turnover of 529%, and recent monthly performance reflecting contributions from long developed equity positions offset by shorts in short-term interest rates and emerging currencies. In April 2024, the investment adviser implemented contractual fee waivers to cap the net expense ratio at 1.19% for Class I shares (gross 1.42%), extending through at least April 29, 2025, to enhance cost efficiency amid ongoing quantitative strategy refinements; no major acquisitions, partnerships, or product launches were reported in 2024-2025, with the Fund maintaining its core systematic trend approach in the Morningstar Systematic Trend category, earning a 4-star rating for Class I over 10 years as of June 30, 2024.