GCRTX: Goldman Sachs Absolute Ret Trckr C

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GCRTX Goldman Sachs Absolute Ret Trckr C


Profile

GCRTX - Profile

Vitals

  • YTD Return -8.9%
  • 3 Yr Annualized Return -2.6%
  • 5 Yr Annualized Return -1.8%
  • Net Assets $3.23 B
  • Holdings in Top 10 28.0%

52 WEEK LOW AND HIGH

$7.92
$7.64
$8.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.86%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 127.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return -8.9%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Absolute Return Tracker Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    May 30, 2008
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gary Chropuvka

Fund Description

The fund's Investment Adviser believes that hedge funds derive a large portion of their returns from exposure to sources of market risk and "Trading Strategies" involving long and/or short positions in Market Exposures and/or individual securities or baskets of securities. It uses a dynamic investment process to seek to identify the appropriate weights to Market Exposures and Trading Strategies that approximate the return and risk patterns of specific hedge fund sub-strategies.


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Categories

GCRTX - Mutual Fund Categories


Performance

GCRTX - Performance

Return Ranking - Trailing

Period GCRTX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.9% -41.8% 2.3% 41.82%
1 Yr -8.0% -37.6% 22.4% 45.00%
3 Yr -2.6%* -15.2% 6.0% 51.72%
5 Yr -1.8%* -10.3% 3.4% 45.21%
10 Yr -1.3%* -3.8% 3.9% 92.00%

* Annualized

Return Ranking - Calendar

Period GCRTX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% 0.0% 25.7% 59.00%
2018 -5.5% -25.9% -3.4% 23.60%
2017 2.1% -1.2% 13.6% 90.24%
2016 3.2% -6.5% 7.3% 48.78%
2015 -4.3% -16.1% -0.7% 12.33%

Total Return Ranking - Trailing

Period GCRTX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.9% -41.8% 2.3% 41.82%
1 Yr -8.0% -37.6% 22.4% 45.00%
3 Yr -0.7%* -15.2% 6.0% 48.28%
5 Yr -0.6%* -10.3% 3.9% 42.47%
10 Yr 0.6%* -3.8% 7.9% 88.00%

* Annualized

Total Return Ranking - Calendar

Period GCRTX Return Category Return Low Category Return High Rank in Category (%)
2019 6.8% 0.0% 25.7% 59.00%
2018 -3.6% -25.9% -0.6% 10.11%
2017 6.1% -1.2% 16.5% 70.73%
2016 3.6% -6.5% 12.0% 64.63%
2015 -4.3% -16.1% 3.2% 47.95%

NAV & Total Return History


Holdings

GCRTX - Holdings

Concentration Analysis

GCRTX Category Low Category High GCRTX % Rank
Net Assets 3.23 B 999 K 3.23 B 5.66%
Number of Holdings 1391 6 1391 5.56%
Net Assets in Top 10 281 M -45.1 M 536 M 25.00%
Weighting of Top 10 27.96% 6.9% 200.7% 53.70%

Top 10 Holdings

  1. Vanguard FTSE Emerging Markets ETF 4.71%
  2. E-mini S&P 500 Future Mar20 4.51%
  3. Euro Stoxx 50 Mar20 3.61%
  4. Sell Protection On Cdx.Na.Hy.33-V2.Dec.2024 2.77%
  5. Sell Protection on ITRAXX.EUROPE.CROSSOVER.32-V1.Dec.2024 2.74%
  6. E-mini Nasdaq 100 Future Mar20 2.21%
  7. 10 Year Treasury Note Future Mar20 2.15%
  8. Dow Jones Real Estate Future Mar20 1.90%
  9. 90 Day Bank Accepted Bills Future June20 1.70%
  10. 2 Year Treasury Note Future Mar20 1.66%

Asset Allocation

Weighting Return Low Return High GCRTX % Rank
Cash
68.72% -36.91% 184.19% 12.04%
Stocks
22.36% 0.00% 99.99% 79.63%
Bonds
8.10% -120.56% 71.61% 90.74%
Other
0.59% 0.00% 23.86% 40.74%
Convertible Bonds
0.18% 0.00% 20.67% 78.70%
Preferred Stocks
0.04% 0.00% 21.57% 62.96%

Stock Sector Breakdown

Weighting Return Low Return High GCRTX % Rank
Technology
18.10% 0.00% 19.82% 13.54%
Financial Services
15.63% 0.00% 78.65% 39.58%
Communication Services
12.70% 0.00% 12.96% 11.46%
Consumer Cyclical
11.86% 0.00% 14.88% 16.67%
Healthcare
10.61% 0.00% 100.00% 25.00%
Industrials
9.10% 0.00% 22.07% 52.08%
Consumer Defense
6.16% 0.00% 27.00% 41.67%
Basic Materials
4.46% 0.00% 9.97% 33.33%
Energy
4.19% 0.00% 25.31% 75.00%
Real Estate
3.76% -0.15% 54.98% 60.42%
Utilities
3.42% 0.00% 31.27% 54.17%

Stock Geographic Breakdown

Weighting Return Low Return High GCRTX % Rank
Non US
13.83% 0.00% 41.58% 66.67%
US
8.53% -1.16% 99.99% 74.07%

Bond Sector Breakdown

Weighting Return Low Return High GCRTX % Rank
Cash & Equivalents
72.57% 0.02% 186.99% 13.89%
Government
18.73% -132.75% 39.35% 47.22%
Derivative
7.18% -0.51% 19.61% 19.44%
Corporate
1.53% 0.00% 98.38% 97.22%
Securitized
0.00% 0.00% 23.46% 80.56%
Municipal
0.00% 0.00% 4.79% 76.85%

Bond Geographic Breakdown

Weighting Return Low Return High GCRTX % Rank
Non US
7.94% 0.00% 45.79% 75.00%
US
0.16% -166.35% 64.16% 90.74%

Expenses

GCRTX - Expenses

Operational Fees

GCRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.86% 0.26% 11.95% 34.65%
Management Fee 0.66% 0.10% 1.90% 44.55%
12b-1 Fee 0.75% 0.00% 1.00% 75.81%
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

GCRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 68.42%

Trading Fees

GCRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

GCRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 127.00% 0.00% 282.00% 66.99%

Distributions

GCRTX - Distributions

Dividend Yield Analysis

GCRTX Category Low Category High GCRTX % Rank
Dividend Yield 0.00% 0.00% 3.19% 72.73%

Dividend Distribution Analysis

GCRTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

GCRTX Category Low Category High GCRTX % Rank
Net Income Ratio 0.34% -0.99% 11.02% 95.15%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GCRTX - Fund Manager Analysis

Managers

Gary Chropuvka


Start Date

Tenure

Tenure Rank

Jun 06, 2013

6.82

6.8%

Mr. Chropuvka, CFA, is head of the Customized Beta Strategies, Alternative Investment Strategies and Tax-Advantaged Core Strategies businesses within GSAM Quantitative Investment Strategies (QIS) team. In this capacity, Mr. Chropuvka oversees the team’s rules-based and customized index strategies, alternative risk premia and liquid hedge fund replication strategies, as well as tax-efficient investment strategies. Additionally, Mr. Chropuvka oversees global client portfolio management for the entire QIS franchise across the alpha and beta spectrum, including the team’s Equity Alpha, Macro Alpha and smart beta offerings. Previously, Mr. Chropuvka was a portfolio manager for GSAM’s QIS Equity Alpha business, managing the portfolio implementation efforts for both tax-exempt and taxable clients, a position Mr. Chropuvka held for seven years. Mr. Chropuvka has been a member of the QIS team since 1999, having joined to manage the team’s tax-efficient investment strategies. Mr. Chropuvka joined Goldman Sachs in 1998 as an analyst in GSAM’s Private Equity Group and was named managing director in 2006 and partner in 2014.

Oliver Bunn


Start Date

Tenure

Tenure Rank

Jul 14, 2017

2.72

2.7%

Mr. Bunn is a portfolio manager on the Alternative Investment Strategies (AIS) team within Quantitative Investment Strategies (“QIS”) Team. He joined GSAM in 2014 and is primarily focused on alternative risk premia and hedge fund beta strategies. Previously, he researched and developed equity strategy indices at Barclays.

Federico Gilly


Start Date

Tenure

Tenure Rank

Oct 12, 2018

1.47

1.5%

Mr. Gilly is co-head of research, portfolio management and portfolio construction for the Alternative Investment Strategies (AIS) team within GSAM’s QIS platform. Mr. Gilly joined the Investment Adviser in 2000.

Matthew Schwab


Start Date

Tenure

Tenure Rank

Oct 12, 2018

1.47

1.5%

Mr. Schwab is co-head of research, portfolio management and portfolio construction for the Alternative Investment Strategies team within Goldman Sachs Asset Management, L.P’s Quantitative Investment Strategies (QIS) platform. He joined Goldman Sachs in 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.42 12.76 3.94 5.52