Goldman Sachs Multi-Manager Alternatives Fund (GIMMX)
The fund generally seeks to achieve its investment objective by allocating its assets among multiple investment managers who are unaffiliated with the Investment Adviser and who employ one or more non-traditional and alternative investment strategies including, but not limited to, Equity Long Short, Dynamic Equity, Event Driven and Credit, Relative Value, Tactical Trading, and Opportunistic Fixed Income Strategies.
Fund Info
| ISIN | US38147N4007 |
|---|---|
| Issuer | Goldman Sachs |
| Inception Date | Apr 29, 2013 |
| Category | Multistrategy |
| Min. Investment | $0 |
| Asset Class | Alternatives |
Expense Ratio
GIMMX has a high expense ratio of 1.93%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: GIMMX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Multi-Manager Alternatives 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 Multi-Manager Alternatives Fund had a return of -7.12% year-to-date (YTD) and -4.11% in the last 12 months. Over the past 10 years, Goldman Sachs Multi-Manager Alternatives Fund had an annualized return of 0.78%, while the S&P 500 had an annualized return of 10.84%, indicating that Goldman Sachs Multi-Manager Alternatives Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -7.12% | 10.00% |
| 1 month | -0.85% | 2.41% |
| 6 months | -6.84% | 16.70% |
| 1 year | -4.11% | 26.85% |
| 5 years (annualized) | 1.07% | 12.81% |
| 10 years (annualized) | 0.78% | 10.84% |
Monthly Returns
The table below presents the monthly returns of GIMMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.42% | -1.90% | -0.92% | -2.51% | -7.12% | ||||||||
| 2023 | 0.44% | -0.26% | -0.53% | 0.80% | -1.06% | 0.36% | -1.15% | 0.18% | 0.18% | 0.09% | 3.04% | 0.73% | 2.78% |
| 2022 | -2.10% | -1.46% | 0.61% | -0.60% | -0.35% | -0.87% | -0.44% | 0.27% | -0.18% | 0.35% | -0.53% | 0.51% | -4.72% |
| 2021 | -1.51% | 1.18% | -0.27% | 2.51% | 0.79% | 0.78% | 1.03% | 1.79% | -2.26% | 2.48% | -1.34% | 0.93% | 6.14% |
| 2020 | 0.38% | 0.66% | -5.72% | 3.18% | 1.35% | 1.43% | 1.41% | 0.65% | -0.46% | -0.92% | 3.26% | 1.35% | 6.45% |
| 2019 | 2.22% | 0.59% | 1.38% | 0.68% | -0.58% | 2.23% | 0.09% | 0.57% | -0.75% | 0.10% | 0.76% | 0.12% | 7.60% |
| 2018 | 0.78% | -1.64% | -0.29% | 0.10% | -0.10% | -0.39% | 0.40% | 0.59% | -0.00% | -2.35% | 0.20% | -0.80% | -3.51% |
| 2017 | -0.10% | 1.17% | -0.39% | 0.10% | -0.68% | -1.26% | 0.49% | 0.10% | 0.20% | 0.00% | -0.20% | 0.39% | -0.19% |
| 2016 | -2.18% | -0.51% | 2.04% | 1.30% | -0.10% | 0.20% | 1.38% | 0.39% | 0.00% | -0.29% | 0.97% | 0.64% | 3.84% |
| 2015 | 0.75% | 2.90% | -0.27% | 0.00% | 0.64% | -1.63% | -0.00% | -3.59% | -2.20% | 1.47% | 0.19% | -2.39% | -4.23% |
| 2014 | -1.72% | 2.52% | -0.47% | 0.00% | 1.62% | 1.31% | -1.85% | 1.69% | -1.20% | 0.19% | 1.50% | -0.66% | 2.85% |
| 2013 | 0.50% | -1.89% | 1.93% | -0.80% | 2.11% | 0.79% | 1.27% | 1.45% | 5.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GIMMX is 0, indicating that it is in the bottom 0% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GIMMX (Goldman Sachs Multi-Manager Alternatives Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Multi-Manager Alternatives Fund (GIMMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Multi-Manager Alternatives Fund granted a 3.69% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.19 | $0.07 | $0.18 | $0.06 |
Dividend yield | 3.69% | 3.42% | 0.42% | 0.00% | 0.00% | 0.97% | 0.00% | 0.00% | 1.83% | 0.72% | 1.69% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Multi-Manager Alternatives 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $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 | $0.38 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2013 | $0.06 | $0.06 |
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 Multi-Manager Alternatives 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 Multi-Manager Alternatives Fund was 12.56%, occurring on Feb 9, 2016. Recovery took 1008 trading sessions.
The current Goldman Sachs Multi-Manager Alternatives Fund drawdown is 10.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.56% | Apr 16, 2015 | 207 | Feb 9, 2016 | 1008 | Feb 11, 2020 | 1215 |
| -11.11% | Feb 21, 2020 | 22 | Mar 23, 2020 | 113 | Sep 1, 2020 | 135 |
| -10.17% | Nov 17, 2021 | 625 | May 14, 2024 | — | — | — |
| -4.7% | Jul 7, 2014 | 73 | Oct 16, 2014 | 67 | Jan 23, 2015 | 140 |
| -3.94% | May 20, 2013 | 25 | Jun 24, 2013 | 59 | Sep 17, 2013 | 84 |
Volatility
Volatility Chart
The current Goldman Sachs Multi-Manager Alternatives Fund volatility is 2.03%, 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.