LU2254254266
Goldman Sachs Global Multi-Asset Income Portfolio Fund SGD-Hedged (Dist.)

  • Multi-asset
  • Global
  • SGD Cash
  • Distributing
Invest with
SGD 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
Product Highlight Sheet
Prospectus
Information Memorandum
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
The fund utilises a multi-asset approach that allows for some capital appreciation while focusing on income generation through a combination of bonds, large cap equities and covered calls.One competitive advantage of this fund is that a significant portion of the strategy’s income is derived from its options writing component. The covered call premiums is a sustainable source of income that leverages Goldman Sachs’ trading expertise and prowess.The multi-asset approach allows for lower volatility than equities while being less sensitive to interest rate that is typical of investment grade bonds.
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people
People
Asset allocation team oversees the fund’s allocation and is composed of the Multi-Asset Solutions team’s CIO Neill Nuttall and 3 portfolio managers with each having more than 10 years of experience. The team taps on the expertise of the equity team for stock selection, the fixed income team for bond selection and the quantitative investment strategies team for covered call writing. They are also supported by 200 multi-asset solutions professionals.
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performance
Performance
The fund has delivered strong returns relative to its peers over the long term while also maintaining a comparable overall risk level. Because the fund has less of a bias towards the value style compared to peers, there is a possibility that the fund may underperform peers in periods when value stocks are in favour. However, the fund still performed relatively well in 2022.As a multi-asset fund, the fund is anchored on a long-term asset allocation approach and may underperform in periods of shock and crises when short-term correlations across asset classes increase
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process
Process
The asset allocation team defines the reference benchmark for each team and determines each sleeve allocation. The team also monitors the portfolio’s overall duration and each team’s tracking error to the benchmark they have set for that asset class.The fixed income component combines high yield debt instruments with emerging market and corporate debt to build a barbell portfolio. The equity component is an income-oriented large cap strategy with a higher conviction philosophy. The quantitative investment strategies team utilises a systematic approach in writing the covered calls, which are mainly on global indices (US, Europe, UK and Japan).
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cost
Cost
Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
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selectionCriteria
How it fits in a portfolio
The fund is an alternative income option to pure fixed income or equity solutions. Additionally, the fund’s emphasis on index option writing and higher yielding fixed income offers a differentiated approach for investors looking for a multi-asset income strategy with little exposure to REITs.Investors should note that the fund gets a significant portion of its income from call writing and this may lead the strategy to underperform during strong bull markets. The fund may be suitable for those with specific income needs and should ideally be supplemented by non income related allocations.Updated as of 2023/03/06
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Invest in this fund
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
Total returns
All Time
17.52%
YTD
4.91%
1 month
1.01%
6 month
2.48%
1 year
4.80%
3 year
22.34%
As of Aug 2025
Distributions
6.01%
29 Aug 2025
Risk metrics
Max drawdown
-18.16%As of Aug 2025
Volatility
8.53%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-2.1%0.3%-2.3%-1.1%1.9%2.2%0.9%1.0%----
20245.9%0.1%0.6%2.0%-2.3%1.1%1.4%1.3%1.7%1.3%-1.9%2.3%-1.8%
202310.9%4.3%-1.6%1.3%1.5%-1.4%2.1%1.4%-1.3%-2.4%-2.5%5.5%3.9%
2022-13.2%-2.9%-2.4%0.1%-3.1%-0.6%-7.0%5.2%-2.4%-6.4%3.7%3.6%-1.2%
2021--0.3%1.1%1.6%2.0%1.3%0.7%1.0%0.8%-1.2%0.8%-1.4%3.1%
Top Exposures
10 Year Treasury Note Future Sept 25 (2025-09-19 Maturity)7.35%
Usd6.95%
Us Ultra Bond Cbt Sep25 Xcbt 20250919 (2025-09-19 Maturity)3.12%
Goldman Sachs Sicav I Gs E Gs Emrg Mkt Debt Pt Iogmdus2.99%
Goldman Sachs Emerging Markets Gs Em Mkt Debt Loc P Iogrmds2.96%
Euro-Schatz Fut Sep25 Xeur 20250908 (2025-09-08 Maturity)1.23%
Euro Bobl Future Sept 25 (2025-09-08 Maturity)1.20%
Microsoft Corp1.02%
Long Gilt Future Sept 25 (2025-09-26 Maturity)0.97%
2 Year Treasury Note Future Sept 25 (2025-09-30 Maturity)0.94%
Us Long Bond(Cbt) Sep25 Xcbt 20250919 (2025-09-19 Maturity)0.93%
Euro Bund Future Sept 25 (2025-09-08 Maturity)0.84%
Shell PLC0.82%
Coca-Cola Co0.74%
Zurich Insurance Group AG0.73%
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%0.84% p.a.
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Fund facts
ISIN
LU2254254266
Fund house
GSAM
Fund size
S$675.7M
As of 12 Sep 2025
Fund inception date
01 Dec 2020
Fund class currency
SGD
Fund share class
OCS (Stable MDist) (SGD)
Oldest share class ISIN
LU1032466952
Oldest share inception date
18 Mar 2014
Pricing frequency
Daily

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