Goldman Sachs Global Managed Beta Fund
GOLDMAN SACHS TRUST · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Goldman Sachs Global Managed Beta 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 · 2025 Q4
The Goldman Sachs Global Managed Beta Fund (the Fund) seeks to provide long-term capital growth.
The fund invests in a diversified global equity portfolio across large-cap, small-cap, and emerging markets, using a cycle-aware strategic allocation model with factor-based diversification that screens for momentum, valuation, volatility, and quality characteristics. The fund also employs an options strategy on global equity indices, seeking to profit when realized volatility is lower than implied volatility, and may hedge overall equity exposure through interest rate or fixed income options. Volatility index derivatives and commodity-linked derivatives are obtained primarily through a wholly-owned Cayman Islands subsidiary. Because the fund's options strategy caps gains in sharply rising markets and may not fully protect in sharply declining markets, performance will diverge from broad equity index returns.
| Share class | Gross | Net |
|---|---|---|
| GGMBX | 0.50% | 0.37% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 31.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.55% |
| Derivatives | 3.61% |
| Cash & short-term | 2.07% |
| Other | 0.53% |
| Bonds | 0.11% |
Look-through blends 11 underlying funds; 9.358% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
Largest new: Goldman Sachs Central Government Fund, Chicago Mercantile Exchange ×2, The Montreal Exchange/Bourse De Montreal, United States Treasury ×4
Largest exited: Goldman Sachs Financial Square Government Fund, iShares MSCI USA Quality Factor ETF, iShares U.S. Technology ETF, The Montreal Exchange/Bourse De Montreal, United States Treasury ×4
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is 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 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Zero-coupon or unclassified | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
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 a small fraction 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 | 100% |
| Credit spreads | 0% |
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 | +0.00 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 | 0.96 yr | 75% |
| 5 yr | 0.33 yr | 25% |
| 10 yr | 0.00 yr | 0% |
| 30 yr | 0.00 yr | 0% |
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.
| 3 mo | 0.00 yr | 100% |
| 1 yr | 0.00 yr | 0% |
| 5 yr | 0.00 yr | 0% |
| 10 yr | 0.00 yr | 0% |
| 30 yr | 0.00 yr | 0% |
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 | $80 |
| 1 yr | +0.96 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +0.33 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
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 |
|---|---|---|---|---|---|
| — | Goldman Sachs MarketBeta US Equity ETF | 24.59% | $104.43 | $1.20B | 11.5M |
| — | iShares Core MSCI Emerging Markets ETF | 11.93% | $83.47 | $581.48M | 7.0M |
| — | Goldman Sachs MarketBeta International Equity ETF | 11.83% | $75.67 | $576.58M | 7.6M |
| GCCXX | Goldman Sachs Central Government FundGCCXX | 8.06% | $1.00 | $392.73M | 392.7M |
| — | Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 7.86% | $61.10 | $383.10M | 6.3M |
| — | iShares Core MSCI EAFE ETF | 5.67% | $98.02 | $276.05M | 2.8M |
| — | Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF | 5.01% | $68.88 | $243.93M | 3.5M |
| — | State Street SPDR Portfolio S&P 500 Growth ETF | 4.84% | $121.50 | $235.73M | 1.9M |
| — | iShares MSCI EAFE Small-Cap ETF | 4.35% | $86.49 | $211.81M | 2.4M |
| — | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 1.32% | $51.99 | $64.51M | 1.2M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 85.45% of net assets, top 25 92.55%, across 481 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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