Goldman Sachs Managed Futures Strategy Fund (GFIRX)
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. It 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.
Fund Info
| ISIN | US38145C3806 |
|---|---|
| Issuer | Goldman Sachs |
| Inception Date | Feb 28, 2012 |
| Category | Systematic Trend |
| Min. Investment | $0 |
| Asset Class | Alternatives |
Expense Ratio
GFIRX has a high expense ratio of 1.33%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Managed Futures Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Goldman Sachs Managed Futures Strategy Fund had a return of 5.78% year-to-date (YTD) and 6.55% in the last 12 months. Over the past 10 years, Goldman Sachs Managed Futures Strategy Fund had an annualized return of 4.66%, while the S&P 500 had an annualized return of 10.55%, indicating that Goldman Sachs Managed Futures Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.78% | 7.26% |
| 1 month | 2.30% | -2.63% |
| 6 months | 2.50% | 22.78% |
| 1 year | 6.55% | 22.71% |
| 5 years (annualized) | 6.72% | 11.87% |
| 10 years (annualized) | 4.66% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.52% | 1.14% | 2.77% | |||||||||
| 2023 | 0.40% | -3.78% | 0.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GFIRX is 37, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Goldman Sachs Managed Futures Strategy Fund(GFIRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Managed Futures Strategy Fund (GFIRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Managed Futures Strategy Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $2.02 | $0.74 | $0.13 | $0.69 | $0.02 | $0.05 | $0.00 | $0.41 | $0.09 |
Dividend yield | 0.00% | 0.00% | 20.11% | 7.35% | 1.21% | 7.06% | 0.16% | 0.49% | 0.00% | 3.98% | 0.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Managed Futures Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 |
| 2014 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Managed Futures Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs Managed Futures Strategy Fund was 17.62%, occurring on Mar 13, 2023. The portfolio has not yet recovered.
The current Goldman Sachs Managed Futures Strategy Fund drawdown is 7.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.62% | Dec 19, 2022 | 57 | Mar 13, 2023 | — | — | — |
| -14.22% | May 20, 2013 | 358 | Oct 17, 2014 | 102 | Mar 17, 2015 | 460 |
| -12.32% | Sep 4, 2019 | 191 | Jun 5, 2020 | 175 | Feb 16, 2021 | 366 |
| -11.21% | Feb 12, 2016 | 766 | Feb 28, 2019 | 100 | Jul 23, 2019 | 866 |
| -7.96% | Jun 15, 2022 | 32 | Aug 1, 2022 | 39 | Sep 26, 2022 | 71 |
Volatility
Volatility Chart
The current Goldman Sachs Managed Futures Strategy Fund volatility is 2.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.