Goldman Sachs Absolute Return Tracker Fund
GOLDMAN SACHS TRUST · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Goldman Sachs Absolute Return Tracker Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The Goldman Sachs Absolute Return Tracker Fund (the Fund) seeks to deliver long-term total return consistent with investment results that approximate the return and risk patterns of a diversified universe of hedge funds.
The fund seeks to replicate the return and risk patterns of a diversified hedge fund universe by dynamically weighting exposures to market indices, individual securities, and trading strategies across equities, fixed income, commodities, currencies, and volatility. It gains these exposures through equity securities, bonds including non-investment grade debt, futures, swaps, options, structured notes, ETFs, and forward contracts, with commodity exposure obtained through a wholly-owned Cayman Islands subsidiary that uses commodity derivatives. The fund may hold negative weightings in various exposures, so its net asset value may decline even when those exposures rise in value. Because the fund's target weightings across all exposures may not sum to 100%, actual portfolio construction can deviate significantly from any single market benchmark.
| Share class | Gross | Net |
|---|---|---|
| GARTX | 1.16% | 1.10% |
| GCRTX | 1.91% | 1.85% |
| GJRTX | 0.80% | 0.74% |
| GRRTX | 1.41% | 1.35% |
| GSRTX | 0.91% | 0.85% |
| GARUX | 0.79% | 0.73% |
| GSGPX | 0.79% | 0.73% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 134.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 86.43% |
| Cash & short-term | 4.89% |
| Bonds | 2.29% |
| Loans | 0.88% |
| 3 smaller | 0.76% |
Look-through blends 15 underlying funds; 14.776% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 41.5% |
| Information Technology | 17.4% |
| Financials | 7.8% |
| Consumer Discretionary | 5.3% |
| 11 smaller | 28.0% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Goldman Sachs Central Government Fund, United States Treasury, Chicago Mercantile Exchange, Osaka Exchange, Morgan Stanley & Co. LLC, HONA, JPMorgan Chase Bank NA, Carnival Corp Ltd
Largest exited: United States Treasury, Chicago Mercantile Exchange, Citibank NA ×2, VanEck Fallen Angel High Yield Bond ETF, Bank of America NA, Eurex Deutschland, Osaka Exchange
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +13.76% | +28.33% | +27.71% | 6.12% | -3.42% | |
| +12.81% | +25.36% | +22.90% | 6.10% | -3.61% | |
| +14.12% | +29.59% | +29.90% | 6.05% | -3.37% | |
| +13.51% | +27.34% | +26.09% | 6.11% | -3.45% | |
| +14.05% | +29.19% | +29.22% | 6.03% | -3.42% | |
| +14.16% | +29.68% | +29.90% | 6.05% | -3.39% | |
| +14.26% | +29.76% | +29.97% | 6.19% | -3.38% |
These classes hold the same portfolio, so the 7.06pp spread over 5 years is the cost difference between them — roughly 1.41pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 69% |
| Credit spreads | 31% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +0.45 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 1 yr | 0.60 yr | 56% |
| 5 yr | 0.39 yr | 36% |
| 10 yr | 0.07 yr | 7% |
| 30 yr | 0.01 yr | 1% |
3 mo is NEGATIVE (-0.07 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 5 yr | 0.45 yr | 100% |
3 mo and 1 yr and 10 yr and 30 yr are NEGATIVE (-0.00 yr, -0.00 yr, -0.00 yr, -0.00 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.07 | +0.00 | -0.00 | $0 | -$153 |
| 1 yr | +0.60 | +0.00 | -0.00 | $0 | -$2.7k |
| 5 yr | +0.39 | +0.00 | +0.45 | $0 | $280.4k |
| 10 yr | +0.07 | +0.00 | -0.00 | $0 | -$17 |
| 30 yr | +0.01 | +0.00 | -0.00 | $0 | -$10 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 1.00 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| GCCXX | Goldman Sachs Central Government FundGCCXX | 9.70% | $1.0000 | $601.01M | 601.0M |
| — | iShares Core MSCI Emerging Markets ETF | 5.59% | $82.84 | $346.49M | 4.2M |
| — | State Street SPDR Portfolio Emerging Markets ETF | 5.57% | $51.78 | $344.92M | 6.7M |
| — | Vanguard Short-Term Inflation-Protected Securities ETF | 5.07% | $50.23 | $314.21M | 6.3M |
| — | Goldman Sachs Financial Square Government Fund | 3.48% | — | $215.69M | — |
| NVDA | NVIDIA CorpNVDA | 3.20% | $200.09 | $198.10M | 990.0K |
| AAPL | Apple IncAAPL | 3.04% | $289.36 | $188.03M | 649.8K |
| — | State Street Technology Select Sector SPDR ETF | 2.95% | $190.52 | $182.80M | 959.5K |
| MSFT | Microsoft CorpMSFT | 2.06% | $373.02 | $127.52M | 341.9K |
| — | State Street Industrial Select Sector SPDR ETF | 1.77% | $185.23 | $109.79M | 592.7K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 42.43% of net assets, top 25 59.09%, across 3.0K issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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