Goldman Sachs Emerging Markets Corporate Bond Portfolio Fund(LU0622305505)
- Fixed income
- Investment grade
- Corporate bond
- Emerging markets
- USD Cash
- Accumulating
The Fund aims to provide income with some capital appreciation by investing primarily in investment and sub-investment grade corporate bonds issued by companies based in or earning most of their revenues from emerging markets.
Invests primarily in a diversified portfolio of corporate bonds issued by companies domiciled in, or with significant operations in, emerging markets. Focuses predominantly on hard currency (USD) debt to mitigate currency volatility, with the flexibility to hold quasi-sovereign and local currency debt to capture specific opportunities.
Managed by Anupam Damani and Nick Saunders, Co-Heads of the Emerging Market Debt platform, who hold ultimate responsibility for portfolio construction and risk budgeting decisions. Leverages the resources of a broad Emerging Market Debt platform comprising over 40 professionals, integrating inputs from sovereign economists and corporate credit analysts to drive investment views.
Targets excess returns primarily through bottom-up corporate credit selection (expected to drive 50-75% of alpha), rather than relying heavily on macro duration or currency bets. Performance is actively managed within a defined tracking error range, seeking to capture upside while mitigating downside risk through a "default avoidance" philosophy.
Employs a structured, research-intensive process that combines bottom-up fundamental analysis with a top-down risk budgeting framework to determine beta positioning. Credit selection is driven by identifying mispriced securities through deep fundamental research and rigorous liquidity analysis. Portfolio construction utilizes a strict risk management framework, including position sizing based on conviction (typically sub-2% active weights) and liquidity to avoid excessive concentration.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
Serves as a yield-enhancing satellite allocation for investors seeking specific exposure to the emerging market corporate debt universe. Offers diversification against developed market fixed income and sovereign debt, providing access to different credit cycles and corporate growth drivers within emerging economies. Investors should note that while the fund focuses on hard currency debt to mitigate FX risk, it carries specific emerging market risks and should be balanced with other asset classes.
Daily data. Returns as of 17 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 0.6% | 0.9% | -2.2% | 1.8% | 0.4% | 0.7% | -0.8% | 0.8% | - | - | - | - |
| 2025 | 8.4% | 0.8% | 1.5% | -0.0% | -0.7% | 0.8% | 1.5% | 1.0% | 1.1% | 1.1% | 0.3% | 0.2% | 0.6% |
| 2024 | 6.5% | 0.5% | 0.4% | 1.2% | -1.0% | 1.1% | 1.5% | 0.9% | 1.7% | 1.2% | -1.0% | 0.4% | -0.5% |
| 2023 | 8.4% | 3.2% | -2.3% | 0.3% | 0.9% | -0.7% | 1.2% | 1.2% | -0.7% | -0.6% | -1.0% | 3.7% | 3.1% |
| 2022 | -13.2% | -2.0% | -6.5% | -1.3% | -2.3% | -0.9% | -3.8% | 0.8% | 1.7% | -4.5% | -2.3% | 6.1% | 1.5% |
| Load more | 5 of 16 | ||||||||||||
| CBOT/CBT 2Y T-NOTE 9/2026 (2026-09-30 Maturity) | 4.99% |
| GS USD Liquid Reserve X Acc (T) | 4.35% |
| CBOT/CBT T-BONDS 9/2026 (2026-09-21 Maturity) | 2.07% |
| First Abu Dhabi Bank P.J.S.C 5.875% | 1.36% |
| Eagle Funding Luxco S.a.r.l. 5.5% (2030-08-17 Maturity) | 1.21% |
| Aeropuertos Dominicanos Siglo XXI SA 7% (2034-06-30 Maturity) | 1.06% |
| Petroleos Mexicanos Sa De CV 5.95% (2031-01-28 Maturity) | 1.05% |
| Seplat Energy PLC 9.125% (2030-03-21 Maturity) | 1.05% |
| Samarco Mineracao SA 4% (2031-06-30 Maturity) | 0.99% |
| Ultra US Treasury Bond Future Sept 26 (2026-09-21 Maturity) | 0.99% |
| Czechoslovak Group A.S. 6.5% (2031-01-10 Maturity) | 0.94% |
| DNO ASA 8.5% (2030-03-27 Maturity) | 0.87% |
| Grupo Nutresa Sa 8% (2030-05-12 Maturity) | 0.86% |
| Transnet SOC Limited 8.25% (2028-02-06 Maturity) | 0.86% |
| ATP Tower HoldingsLLC,Andean Telecom Partners Chile SpA,Andean Tower Partne (2030-02-03 Maturity) | 0.85% |
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