LU1574459795
Goldman Sachs Emerging Markets Corporate Bond Portfolio Fund SGD-Hedged (Dist.)

  • Fixed income
  • Investment grade
  • Corporate bond
  • Emerging markets
  • SGD Cash
  • Distributing
Invest with
SGD Cash
Payout type
Distributing
Risk rating
5
About this fund
Description
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.
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
Product
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.
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people
People
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.
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performance
Performance
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.
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process
Process
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.
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cost
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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selectionCriteria
How it fits in a portfolio
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.
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Invest in this fund
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
All Time
​
Total returns
All Time
19.81%
YTD
-1.36%
1 month
-2.41%
6 month
-1.06%
1 year
2.58%
3 year
15.86%
5 year
2.44%
As of Mar 2026
Distributions
5.52%
Frequency
Monthly
27 Feb 2026
Yield
6.25%As of Dec 2025
Risk metrics
Max drawdown
-21.17%As of Mar 2026
Volatility
7.66%As of Mar 2026
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2026-0.4%0.7%-2.4%---------
20256.0%0.7%1.4%-0.1%-0.9%0.6%1.4%0.8%0.9%0.9%0.0%-0.0%0.3%
20244.6%0.4%0.2%1.0%-1.1%1.0%1.3%0.8%1.5%1.0%-1.2%0.2%-0.6%
20237.0%3.1%-2.4%0.3%0.8%-0.8%1.1%1.1%-0.9%-0.7%-1.2%3.5%3.0%
2022-13.4%-2.0%-6.5%-1.3%-2.3%-0.9%-3.8%0.8%1.7%-4.5%-2.3%6.0%1.5%
Load more5 of 10
Top Exposures
2 Year Treasury Note Future Mar 26 (2026-03-31 Maturity)8.42%
10 Year Treasury Note Future Mar 26 (2026-03-20 Maturity)1.42%
Us Long Bond(Cbt) Mar26 Xcbt 20260320 (2026-03-20 Maturity)1.40%
First Abu Dhabi Bank Pjs Jr Subordina Regs 12/99 Var1.27%
Us Ultra Bond Cbt Mar26 Xcbt 20260320 (2026-03-20 Maturity)1.25%
Eagle Funding Luxco S.a.r.l. 5.5% (2030-08-17 Maturity)1.12%
Banco de Bogota SA 6.25% (2026-05-12 Maturity)1.11%
Aeropuertos Dominicanos Siglo XXI SA 7% (2034-06-30 Maturity)0.99%
Seplat Energy Plc Company Guar Regs 03/30 9.125 (2030-03-21 Maturity)0.94%
Grupo Nutresa Sa 8% (2030-05-12 Maturity)0.92%
Samarco Mineracao SA 9% (2031-06-30 Maturity)0.91%
DNO ASA 8.5% (2030-03-27 Maturity)0.81%
Br252929 Irs Eur R V 06meurib 1 Ccpvanilla (2029-03-18 Maturity)0.79%
Transnet/South Africa Sr Unsecured Regs 02/28 8.25 (2028-02-06 Maturity)0.78%
Acu Petroleo Luxembourg S.a.r.l 7.5% (2032-01-13 Maturity)0.77%
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
1.50%0.76% p.a.
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Fund facts
ISIN
LU1574459795
Fund house
GSAM
Fund size
S$4.8B
As of 02 Apr 2026
Fund inception date
13 Apr 2017
Fund class currency
SGD
Fund share class
H Stable M Dist
Oldest share class ISIN
LU0622305505
Oldest share inception date
17 May 2011
Pricing frequency
Daily

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