Goldman Sachs Multi-Strategy Alternatives Fund (GMAMX)

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Goldman Sachs Multi-Strategy Alternatives Fund (GMAMX) is up 7.7% since the beginning of the year. GMAMX is currently trading at $12 per share. Investors who bought $1,000 worth of GMAMX shares 5 years ago would now be looking at an investment worth $1,185.

Goldman Sachs Multi-Strategy Alternatives Fund (GMAMX) has returned 7.66% so far this year and 16.30% over the past 12 months. Over the last ten years, GMAMX has returned 3.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 2, 2014, GMAMX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2026 with a return of +4.9%, while the worst month was Mar 2020 at -5.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, GMAMX closed higher 45% of trading days. The best single day was Oct 13, 2025 with a return of +2.4%, while the worst single day was Mar 16, 2020 at -3.2%.

Goldman Sachs Multi-Strategy Alternatives Fund has an annualized alpha of 0.26%, beta of 0.18, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since January 03, 2014.

• This fund participated in 23.94% of S&P 500 Index downside but only 17.93% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.18 may look defensive, but with R2 of 0.35 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.35 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

GMAMX has a high expense ratio of 1.16%, indicating above-average management fees.

GMAMX ranks 56 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Goldman Sachs Multi-Strategy Alternatives Fund (GMAMX) and compare them to S&P 500 Index.

Goldman Sachs Multi-Strategy Alternatives Fund provided a 7.62% dividend yield over the last twelve months, with an annual payout of $0.88 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Goldman Sachs Multi-Strategy Alternatives Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Goldman Sachs Multi-Strategy 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-Strategy Alternatives Fund was 13.27%, occurring on Jul 10, 2024. Recovery took 281 trading sessions.

The current Goldman Sachs Multi-Strategy Alternatives Fund drawdown is 0.09%.

The chart below shows the rolling one-month volatility.