LU1038298870

Goldman Sachs Global Multi-Asset Income Portfolio Fund (Dist.)

  • Multi-asset
  • Global
  • USD Cash
  • Distributing
Invest with
USD Cash
Payout type
Distributing
Risk rating
4
About this fund
Description
To provide strong total returns primarily through generating an attractive and sustainable income by investing globally across a broad range of income-generating asset classes.
Key information
Annual report
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Product Highlight Sheet
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Prospectus
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Information Memorandum
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Factsheet
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Our perspective
Why we think this fund is best-in-class
Product
Utilises a multi-asset approach combining bonds, large-cap equities, and covered calls to generate income and capital appreciation. A significant portion of income is derived from a systematic options writing strategy, leveraging the firm's trading capabilities to provide a sustainable yield source. The strategy aims to deliver lower volatility than pure equities while maintaining lower interest rate sensitivity compared to traditional investment-grade bonds.
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People
Managed by the Multi-Asset Solutions team, led by CIO Neill Nuttall and three senior portfolio managers who each possess over a decade of experience. The Asset Allocation team oversees strategic construction and risk budgeting, leveraging specialized teams for equity selection, fixed income selection, and quantitative option writing. The leadership team is supported by a broad global resource of over 200 multi-asset solutions professionals.
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Performance
Delivered robust risk-adjusted returns relative to peers over a full market cycle while maintaining a comparable risk exposure. The strategy exhibits a lower value style bias compared to typical income peers, which may influence relative performance during specific factor rotations. Performance is anchored on long-term asset allocation, though investors should note that diversification benefits may diminish during market shocks when cross-asset correlations converge.
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Process
The Asset Allocation team determines strategic allocations and reference benchmarks for each sleeve, actively monitoring overall portfolio duration and tracking error. Fixed Income allocation employs a barbell approach combining high-yield debt with emerging market and corporate exposures. Equity allocation focuses on a high-conviction, income-oriented large-cap strategy. The Quantitative Investment Strategies team executes a systematic covered call writing program primarily on major global indices including the US, Europe, UK, and Japan.
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Cost
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
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How it fits in a portfolio
Serves as an alternative income solution distinct from pure fixed income or equity mandates, with minimal exposure to REITs. The strategy offers differentiation through its significant reliance on index option writing and high-yield fixed income for income generation. Investors should note that the covered call strategy may cap upside participation during strong bull markets, making this fund most suitable for specific income needs alongside non-income related allocations.
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Compare funds
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
Total returns
All Time
80.67%
YTD
3.53%
1 month
1.40%
6 month
4.35%
1 year
13.10%
3 year
33.35%
5 year
26.16%
10 year
78.32%
As of May 2026
Distributions
6.23%
Frequency
Monthly
29 May 2026
Risk metrics
Max drawdown
-17.98%As of May 2026
Volatility
8.48%As of May 2026
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2026-1.1%2.2%-4.2%3.2%1.4%-------
202510.9%2.2%0.4%-2.2%-0.9%2.0%2.3%1.1%1.2%1.3%1.2%1.0%0.8%
20247.9%0.3%0.7%2.2%-2.3%1.3%1.5%1.5%1.9%1.5%-1.7%2.4%-1.6%
202312.4%4.4%-1.5%1.4%1.5%-1.2%2.3%1.4%-1.0%-2.3%-2.4%5.6%4.0%
2022-12.9%-2.9%-2.4%0.2%-3.0%-0.6%-6.9%5.3%-2.4%-6.3%3.8%3.6%-1.2%
Top Exposures
10 Year Treasury Note Future June 26 (2026-06-18 Maturity)8.16%
Usd5.91%
Goldman Sachs Sicav I Gs E Gs Emrg Mkt Debt Pt Iogmdus3.97%
Us Ultra Bond Cbt Jun26 Xcbt 20260618 (2026-06-18 Maturity)3.26%
Goldman Sachs Emerging Markets Gs Em Mkt Debt Loc P Iogrmds2.87%
Euro Bobl Future June 26 (2026-06-08 Maturity)1.47%
United States Treasury Bills 0.01% (2026-06-30 Maturity)1.37%
Us Long Bond(Cbt) Jun26 Xcbt 20260618 (2026-06-18 Maturity)1.21%
Johnson & Johnson1.13%
Chevron Corp1.08%
Shell PLC1.02%
Euro Bund Future June 26 (2026-06-08 Maturity)0.96%
Procter & Gamble Co0.88%
Coca-Cola Co0.85%
The Home Depot Inc0.83%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.46%0.72% p.a.
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Fund facts
ISIN
LU1038298870
Fund house
GSAM
Fund size
US$696.3M
As of 29 May 2026
Fund inception date
18 Mar 2014
Fund class currency
USD
Fund share class
BS (Gross MDist) (USD)
Oldest share class ISIN
LU1032466952
Oldest share inception date
18 Mar 2014
Pricing frequency
Daily

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