GCCRX: Goldman Sachs Commodity Strategy R

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GCCRX Goldman Sachs Commodity Strategy R


Profile

GCCRX - Profile

Vitals

  • YTD Return -31.4%
  • 3 Yr Annualized Return -13.4%
  • 5 Yr Annualized Return -11.7%
  • Net Assets $199 M
  • Holdings in Top 10 49.1%

52 WEEK LOW AND HIGH

$6.85
$4.86
$11.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -31.4%
  • 3 Yr Annualized Total Return -11.8%
  • 5 Yr Annualized Total Return -10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Commodity Strategy Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Nov 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Samuel Finkelstein

Fund Description

The fund seeks to maintain substantial economic exposure to the performance of the commodities markets. It primarily gains exposure to the commodities markets by investing in a wholly-owned subsidiary of the fund organized as a company under the laws of the Cayman Islands, Cayman Commodity - CSF, Ltd. (the "CSF Subsidiary").


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Categories

Performance

GCCRX - Performance

Return Ranking - Trailing

Period GCCRX Return Category Return Low Category Return High Rank in Category (%)
YTD -31.4% -32.1% 0.0% 94.44%
1 Yr -32.9% -33.2% 0.8% 99.07%
3 Yr -13.4%* -21.1% -0.8% 95.79%
5 Yr -11.7%* -16.9% 0.3% 95.40%
10 Yr -11.0%* -16.6% -5.1% 84.21%

* Annualized

Return Ranking - Calendar

Period GCCRX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -8.3% 16.6% 66.36%
2018 -16.0% -42.9% -0.2% 50.53%
2017 -1.7% -13.1% 10.5% 81.32%
2016 11.2% 3.1% 22.1% 51.11%
2015 -32.8% -64.9% -7.2% 92.50%

Total Return Ranking - Trailing

Period GCCRX Return Category Return Low Category Return High Rank in Category (%)
YTD -31.4% -32.1% 0.0% 94.44%
1 Yr -32.9% -33.2% 0.8% 99.07%
3 Yr -11.8%* -21.1% -0.3% 95.79%
5 Yr -10.6%* -16.9% 0.6% 95.40%
10 Yr -9.6%* -14.4% -3.1% 84.21%

* Annualized

Total Return Ranking - Calendar

Period GCCRX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -8.3% 16.6% 66.36%
2018 -15.8% -42.9% -0.2% 68.42%
2017 3.6% -8.3% 10.9% 43.96%
2016 11.6% 3.1% 23.2% 57.78%
2015 -32.8% -62.9% -7.2% 92.50%

NAV & Total Return History


Holdings

GCCRX - Holdings

Concentration Analysis

GCCRX Category Low Category High GCCRX % Rank
Net Assets 199 M 1.12 M 5.84 B 60.55%
Number of Holdings 147 4 831 35.78%
Net Assets in Top 10 32.1 M -151 M 1.51 B 69.72%
Weighting of Top 10 49.05% 6.9% 85.3% 50.62%

Top 10 Holdings

  1. Gs Cayman Blocker 19.80%
  2. Ultra US Treasury Bond Future Sept 20 6.33%
  3. 2 Year Treasury Note Future Sept 20 5.48%
  4. FHLMC Pc Prepay Prm 30 3.03% 3.76%
  5. United States Treasury Bonds 3% 3.38%
  6. 5 Year Treasury Note Future Sept 20 2.93%
  7. Federal Home Loan Mortgage Corporation 4.08% 2.67%
  8. US Treasury Bond Future Sept 20 1.67%
  9. United States Treasury Bonds 3.75% 1.54%
  10. Ultra 10 Year US Treasury Note Future Sept 20 1.47%

Asset Allocation

Weighting Return Low Return High GCCRX % Rank
Cash
75.72% -86.13% 100.00% 7.34%
Other
19.80% -1.10% 110.14% 63.30%
Bonds
4.48% 0.00% 131.41% 77.06%
Stocks
0.00% -26.70% 48.88% 24.77%
Preferred Stocks
0.00% 0.00% 0.00% 14.68%
Convertible Bonds
0.00% 0.00% 7.85% 50.46%

Bond Sector Breakdown

Weighting Return Low Return High GCCRX % Rank
Cash & Equivalents
79.30% 0.51% 100.00% 23.85%
Securitized
11.89% 0.00% 41.52% 28.44%
Government
8.81% 0.00% 99.49% 64.22%
Derivative
0.00% 0.00% 8.59% 29.36%
Corporate
0.00% 0.00% 67.90% 58.72%
Municipal
0.00% 0.00% 1.06% 35.78%

Bond Geographic Breakdown

Weighting Return Low Return High GCCRX % Rank
US
4.48% 0.00% 143.78% 77.06%
Non US
0.00% -12.37% 18.13% 50.46%

Expenses

GCCRX - Expenses

Operational Fees

GCCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.01% 19.14% 54.63%
Management Fee 0.50% 0.00% 1.75% 7.34%
12b-1 Fee 0.50% 0.00% 1.00% 61.90%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

GCCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GCCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GCCRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 262.00% 49.50%

Distributions

GCCRX - Distributions

Dividend Yield Analysis

GCCRX Category Low Category High GCCRX % Rank
Dividend Yield 0.00% 0.00% 2.10% 22.02%

Dividend Distribution Analysis

GCCRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

GCCRX Category Low Category High GCCRX % Rank
Net Income Ratio 1.53% -2.28% 3.57% 30.56%

Capital Gain Distribution Analysis

GCCRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GCCRX - Fund Manager Analysis

Managers

Samuel Finkelstein


Start Date

Tenure

Tenure Rank

Jan 13, 2010

10.55

10.6%

Samuel Finkelstein is head of Currency, Commodities and Emerging Market Debt strategy teams within the Global Fixed Income team in GSAM. He is also a member of the Fixed Income Strategy Group. Mr. Finkelstein joined Goldman Sachs in 1997 as an analyst in Fixed Income Asset Management. He worked on the Fixed Income portfolio risk and strategy team for two years and then became an emerging market portfolio manager. Mr. Finkelstein was named managing director in 2005 and partner in 2010. Prior to joining the firm, he worked as a foreign exchange trader at Union Bank of Switzerland. Mr. Finkelstein earned an MBA from the Stern School of Business at New York University and a BA in Economics and Mathematics from Yale University in 1996.

Peter Stone


Start Date

Tenure

Tenure Rank

Mar 31, 2020

0.33

0.3%

Mr. Stone is the Head of the North American Government Swaps Strategy within GSAM. He is also a member of the Duration Strategy team. Mr. Stone joined GSAM in 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 15.19 6.02 9.67