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Name

As of 02/03/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Strategic Factor Allocation Fund

GSQPX | Fund

$11.13

$197 M

3.81%

$0.42

0.96%

Vitals

YTD Return

1.0%

1 yr return

9.4%

3 Yr Avg Return

5.4%

5 Yr Avg Return

7.3%

Net Assets

$197 M

Holdings in Top 10

95.0%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 02/03/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Strategic Factor Allocation Fund

GSQPX | Fund

$11.13

$197 M

3.81%

$0.42

0.96%

GSQPX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 7.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs Strategic Factor Allocation Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Apr 17, 2018
  • Shares Outstanding
    N/A
  • Share Class
    P
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christian Morgenstern

Fund Description

The Fund seeks to achieve its investment objective through the implementation of the proprietary Strategic Factor Allocation process (“Strategic Allocation”) of the Goldman Sachs Investment Strategy Group (“Investment Strategy Group”). The Strategic Allocation is generally derived from the Investment Strategy Group’s market views on a variety of asset classes and instruments. The Investment Adviser determines in its sole discretion how to implement the Strategic Allocation. The Strategic Allocation was developed to provide exposure to “factors,” which are academically derived drivers of investment returns that the Investment Adviser believes offer the potential for greater and more consistent returns in different market environments. These factors include, but are not limited to, equity, term, flow and volatility. Under normal circumstances, the Fund will invest in a variety of asset classes, including, but not limited to, equity, fixed income and foreign exchange contracts. The Investment Adviser implements the Strategic Allocation by investing in derivatives and pooled investment vehicles, including, but not limited to, investment companies, including exchange-traded funds (“ETFs”) (the “Underlying Funds”), and exchange-traded notes (“ETNs”). The Underlying Funds may include affiliated investment companies. Strategic Allocation may also be implemented by investing in any one or a combination of the following asset classes: (i) U.S. and foreign equity securities, including common and preferred stocks; (ii) fixed income instruments, which include, among others, debt issued by governments (including the U.S. and foreign governments), their agencies, instrumentalities, sponsored entities, and political subdivisions, notes, debt participations and non-investment grade securities rated BB+ or Ba1 or below (or comparable unrated securities)(commonly known as “junk bonds”); and (iii) foreign exchange contracts. The Fund seeks to generate income by selling call and put options on various reference securities including equity market indices,U.S. Treasury futures,or futures contracts based on the Secured Overnight Financing Rate(“SOFR”).To limit the downside risk of these written options, the Fund may utilize long options on instruments corresponding to the instruments underlying the written options as well as take positions in these instruments directly orby acquiring other closely related securities such as futures on these instruments. These positions are intended to reduce the impacts on the Fund if the underlying instrument approaches or falls past the strike price of a written put option or if it increases past the strike price of a written call option. The Fund will generally realize gains to the extent the income from collected premiums exceeds the aggregate appreciation or depreciation of the reference security over the exercise price of an option. As the seller of options, the Fund will receive cash (the “premium”) from the purchaser. If the purchaser exercises an option, the Fund pays the purchaser the difference between the strike price of the option and the price of the underlier at the time of exercise in the case of a put option or the difference between the price of the underlier at the time of exercise and the strike price of the option in the case of a call option. The premium, the exercise price and the market price of the underlier determine the gain or loss realized by the Fund as the seller of options. As the buyer of options, the Fund will pay the “premium” to the seller. If the Fund exercises a put option, the seller will pay the Fund the difference between the strike price of the option and the price of the underlier at the time of exercise. If the Fund exercises a call option, the seller will pay the Fund the difference between the price of the underlier at the time of exercise and the strike price of the option. The premium, the exercise price and the market price of the underlier determine the gain or loss realized by the Fund as the buyer of options. The Fund may invest without restriction as to issuer capitalization, country, currency, maturity, duration or credit rating. The Fund may invest in derivatives for both hedging and non-hedging purposes. Derivative positions may be listed or over the counter (“OTC”) and may or may not be centrally cleared. The Fund’s derivative investments may include but are not limited to: (i) futures contracts, including futures based on equity or fixed income securities and/or equity or fixed income indices, interest rate futures, currency futures and swap futures; (ii) swaps, including equity, currency, interest rate, total return, variance and credit default swaps, and swaps on futures contracts; (iii) options, including long and short positions in call options and put options on indices, individual securities or currencies, swaptions and options on futures contracts; (iv) forward contracts, including forwards based on equity or fixed income securities and/or equity or fixed income indices, currency forwards, interest rate forwards, swap forwards and non-deliverable forwards; (v) volatility index derivatives and commodity-linked derivative instruments; and (vi) other instruments, including structured securities. The Fund may implement short positions for hedging purposes or to seek to enhance total return, and may do so by using swaps, futures, forwards or options, or through short sales of any instrument that the Fund may purchase for investment. As a result of the Fund’s use of derivatives, the Fund may also hold significant amounts of U.S. Treasuries or short-term investments, including money market funds, repurchase agreements, cash and time deposits. The Fund seeks to gain exposure to volatility index derivatives and commodity-linked derivative instruments primarily by investing in a wholly-owned subsidiary of the Fund, organized as a limited liability company under the laws of the Cayman Islands, Cayman Commodity—SFA, LLC (the “SFA Subsidiary”). The SFA Subsidiary is advised by the Investment Adviser. Investment in the Subsidiary.  The Fund may invest up to 25% of its total assets in the SFA Subsidiary. The SFA Subsidiary primarily obtains its volatility index derivatives exposure by investing in options, futures, forwards, swaps, options on futures and swaps, structured securities and other derivatives and similar instruments that provide exposure to volatility indices. The Fund may also obtain exposure to commodities through investments by the SFA Subsidiary in commodity-linked derivative instruments (including, but not limited to, total return swaps (on commodity indices, sub-indices, and single commodities), commodity (U.S. or foreign) futures, commodity options and commodity-linked swaps). Neither the Fund nor the SFA Subsidiary invests directly in physical commodities. The SFA Subsidiary may also invest in bonds or other instruments, including fixed income securities, either as investments or to serve as margin or collateral for its swap positions, as well as foreign currency transactions (including forward contracts). The Investment Adviser measures the Fund’s performance against the Strategic Factor Allocation Composite Index, which is comprised of the S&P 500® Index (50%) and the Bloomberg U.S. Aggregate Bond Index (50%).
Read More

GSQPX - Performance

Return Ranking - Trailing

Period GSQPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -43.2% 34.2% 51.72%
1 Yr 9.4% -48.9% 28.6% 32.56%
3 Yr 5.4%* -27.8% 9.2% N/A
5 Yr 7.3%* -32.0% 6.0% N/A
10 Yr N/A* -13.6% 11.4% N/A

* Annualized

Return Ranking - Calendar

Period GSQPX Return Category Return Low Category Return High Rank in Category (%)
2024 -0.3% -39.6% 40.4% 26.74%
2023 11.5% -32.1% 18.9% N/A
2022 -13.4% -24.8% 48.2% N/A
2021 0.2% -51.7% 12.8% N/A
2020 3.6% -24.6% 18.1% N/A

Total Return Ranking - Trailing

Period GSQPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -43.2% 34.2% 51.72%
1 Yr 9.4% -48.9% 28.6% 32.56%
3 Yr 5.4%* -27.8% 9.2% N/A
5 Yr 7.3%* -32.0% 7.1% N/A
10 Yr N/A* -13.6% 11.4% N/A

* Annualized

Total Return Ranking - Calendar

Period GSQPX Return Category Return Low Category Return High Rank in Category (%)
2024 10.7% -39.6% 40.4% 26.74%
2023 15.3% -32.1% 18.9% N/A
2022 -11.6% -19.4% 48.2% N/A
2021 14.1% -51.7% 12.8% N/A
2020 12.0% -24.6% 18.1% N/A

NAV & Total Return History

GSQPX - Holdings

Concentration Analysis

GSQPX Category Low Category High GSQPX % Rank
Net Assets 197 M 863 K 2 B 3.13%
Number of Holdings 202 3 2789 N/A
Net Assets in Top 10 2.28 B -49.6 M 1.49 B N/A
Weighting of Top 10 95.04% 0.0% 99.3% N/A

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 58.47%
  2. U.S. Treasury Bills 10.34%
  3. U.S. Treasury Bills 8.26%
  4. U.S. Treasury Bills 7.73%
  5. U.S. Treasury Bills 5.21%
  6. S+P500 EMINI FUT SEP24 2.83%
  7. U.S. Treasury Bills 1.67%
  8. 3 MONTH SOFR OPT JUN25C 95.37 0.20%
  9. 3 MONTH SOFR OPT JUN25C 95.5 0.18%
  10. 3 MONTH SOFR OPT JUN25C 95.68 0.16%

Asset Allocation

Weighting Return Low Return High GSQPX % Rank
Stocks 		58.47% -12.15% 79.73% N/A
Cash 		38.48% 5.65% 527.15% N/A
Other 		3.05% -202.38% 94.35% N/A
Preferred Stocks 		0.00% 0.00% 2.64% N/A
Convertible Bonds 		0.00% 0.00% 78.71% N/A
Bonds 		0.00% -448.46% 57.37% N/A

Stock Sector Breakdown

Weighting Return Low Return High GSQPX % Rank
Utilities 		0.00% -0.17% 12.64% N/A
Technology 		0.00% -1.27% 24.46% N/A
Real Estate 		0.00% -0.14% 49.29% N/A
Industrials 		0.00% -0.55% 17.47% N/A
Healthcare 		0.00% -0.73% 53.41% N/A
Financial Services 		0.00% -0.86% 55.51% N/A
Energy 		0.00% -0.28% 16.16% N/A
Communication Services 		0.00% -0.18% 24.57% N/A
Consumer Defense 		0.00% -0.41% 23.78% N/A
Consumer Cyclical 		0.00% -6.55% 17.18% N/A
Basic Materials 		0.00% -0.13% 11.96% N/A

Stock Geographic Breakdown

Weighting Return Low Return High GSQPX % Rank
US 		58.47% -12.93% 67.85% N/A
Non US 		0.00% -0.06% 79.73% N/A

GSQPX - Expenses

Operational Fees

GSQPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.73% 17.48% 97.67%
Management Fee 0.74% 0.43% 1.90% 25.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.30% N/A

Sales Fees

GSQPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GSQPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

GSQPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 326.00% 91.33%

GSQPX - Distributions

Dividend Yield Analysis

GSQPX Category Low Category High GSQPX % Rank
Dividend Yield 3.81% 0.00% 3.36% 93.75%

Dividend Distribution Analysis

GSQPX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

GSQPX Category Low Category High GSQPX % Rank
Net Income Ratio N/A -1.60% 3.37% 54.65%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GSQPX - Fund Manager Analysis

Managers

Christian Morgenstern

Start Date

Tenure

Tenure Rank

Jul 14, 2017

1.47

1.5%

Mr. Morgenstern is a portfolio manager on the Alternative Investment Strategies (AIS) team within QIS. He joined Goldman Sachs in 2012 and is primarily focused on alternative risk premia and hedge fund beta strategies. He is responsible for trading, implementation and portfolio management of AIS strategies. Previously, he worked for Equity Quantitative Trading in Europe.

Nishank Modi

Start Date

Tenure

Tenure Rank

Apr 20, 2018

0.7

0.7%

Nishank Modi is a portfolio manager within Goldman Sachs Asset Management’s Quantitative Investment Strategies platform. He focusses on volatility related products within the group’s Alternative Investment Strategies (AIS) team. Nishank joined Goldman Sachs as a Vice President in 2012. Prior to this role, Nishank worked for the Equity Solutions Group where he managed and oversaw the Index overlay strategies for Goldman Sachs Private Wealth Management. Previously, Nishank worked at Talpion Fund Management where he was responsible for trading and risk management across various asset classes. Prior to Talpion, Nishank spent 4 years at Group One Trading, an equity options market making firm.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 20.33 5.01 9.68

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