Goldman Sachs Managed Futures Strategy Fund Class A (GMSAX)
The fund uses a trend-following strategy to invest in various asset classes such as equities, fixed income, commodities, and currencies, with the goal of achieving long-term absolute returns. Their investment portfolio includes equities, bonds, futures, swaps, forwards, options, ETFs, and structured securities.
Fund Info
US38145C4226
38145C422
Feb 29, 2012
$1,000
Large-Cap
Blend
Expense Ratio
GMSAX has a high expense ratio of 1.54%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Goldman Sachs Managed Futures Strategy Fund Class A (GMSAX) returned -9.43% year-to-date (YTD) and -20.18% over the past 12 months. Over the past 10 years, GMSAX returned 1.28% annually, underperforming the S&P 500 benchmark at 10.84%.
GMSAX
-9.43%
-1.59%
-8.71%
-20.18%
-5.34%
1.87%
1.28%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of GMSAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -2.02% | -1.37% | -3.25% | -0.48% | -2.65% | -9.43% | |||||||
| 2024 | -0.43% | 1.17% | 2.74% | 2.57% | 0.40% | -1.20% | -3.13% | -5.10% | 3.62% | -8.26% | 2.54% | 0.34% | -5.31% |
| 2023 | -0.00% | 0.61% | -8.00% | 3.08% | 0.64% | 3.50% | -1.13% | -0.10% | 1.14% | 0.41% | -3.78% | -0.11% | -4.18% |
| 2022 | 1.93% | 2.09% | 9.65% | 4.44% | -2.21% | 2.70% | -3.05% | 1.57% | 5.68% | -0.65% | -4.34% | 1.45% | 20.08% |
| 2021 | -0.10% | 1.88% | 0.97% | 1.06% | 1.90% | -2.24% | -0.19% | 0.76% | -0.85% | 3.93% | -4.89% | 2.65% | 4.68% |
| 2020 | -1.67% | 0.74% | 4.20% | -0.81% | -1.93% | -1.97% | 1.06% | 1.99% | -1.85% | 0.52% | 2.08% | 4.35% | 6.63% |
| 2019 | -3.49% | -1.13% | 5.11% | 1.59% | 0.39% | 2.43% | 2.76% | 4.90% | -6.88% | -2.18% | 0.39% | -0.96% | 2.29% |
| 2018 | 4.18% | -3.45% | -0.19% | -2.03% | -2.76% | 1.22% | -1.20% | 2.64% | -1.38% | 1.50% | -0.69% | 0.06% | -2.37% |
| 2017 | -0.10% | 0.49% | 0.10% | -0.00% | 1.18% | -2.14% | 2.48% | 0.48% | -2.41% | 2.07% | -0.19% | 0.40% | 2.29% |
| 2016 | 4.41% | 0.56% | -4.20% | -1.66% | -1.98% | 3.84% | 2.24% | -2.00% | 0.58% | -2.61% | 0.10% | 0.20% | -0.88% |
| 2015 | 5.27% | 1.08% | 3.21% | -3.01% | 1.07% | -0.77% | 3.29% | 0.00% | 2.25% | -4.03% | 2.67% | -1.36% | 9.66% |
| 2014 | -3.09% | 0.21% | -1.44% | 0.00% | -0.10% | 0.62% | 0.10% | 2.69% | -2.11% | -4.22% | 2.90% | 1.92% | -2.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GMSAX is 0, meaning it’s performing worse than 100% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Managed Futures Strategy Fund Class A (GMSAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Goldman Sachs Managed Futures Strategy Fund Class A provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.99 | $0.72 | $0.13 | $0.66 | $0.02 | $0.05 | $0.00 | $0.40 | $0.09 |
Dividend yield | 0.00% | 0.00% | 0.00% | 20.24% | 7.31% | 1.24% | 6.91% | 0.16% | 0.50% | 0.00% | 3.88% | 0.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Managed Futures Strategy Fund Class A. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $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 |
| 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 | $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 | $1.99 | $1.99 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 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 | $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 | $0.66 | $0.66 |
| 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 | $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 | $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 | $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 | $0.40 | $0.40 |
| 2014 | $0.09 | $0.09 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Managed Futures Strategy Fund Class A. 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 Class A was 23.58%, occurring on May 14, 2025. The portfolio has not yet recovered.
The current Goldman Sachs Managed Futures Strategy Fund Class A drawdown is 21.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.58% | Jun 15, 2022 | 731 | May 14, 2025 | — | — | — |
| -14.44% | May 20, 2013 | 358 | Oct 17, 2014 | 104 | Mar 19, 2015 | 462 |
| -12.5% | Sep 4, 2019 | 191 | Jun 5, 2020 | 159 | Jan 22, 2021 | 350 |
| -11.77% | Feb 12, 2016 | 766 | Feb 28, 2019 | 104 | Jul 29, 2019 | 870 |
| -6.35% | Apr 14, 2015 | 17 | May 6, 2015 | 97 | Sep 23, 2015 | 114 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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