Goldman Sachs Tactical Tilt Overlay Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Goldman Sachs Tactical Tilt Overlay Fund held 236 positions with $5.09B in net assets. Its ten largest holdings made up 40.8% of the fund. The TTIFX share class costs 0.78% a year. Over the 12 months to May 2026, TTIFX returned 5.2%, with dividends reinvested. In 2026 Q3 it added 134 new positions and exited 158.
The Goldman Sachs Tactical Tilt Overlay Fund (the "Fund") seeks long-term total return.
The fund implements tactical tilts—short- to medium-term overweight and underweight positions across asset classes—derived from Goldman Sachs' Investment Strategy Group market views. It gains exposure through direct securities, pooled investment vehicles including affiliated and unaffiliated funds, derivatives, and commodity exposure primarily through a wholly-owned Cayman Islands subsidiary. Because the fund's tactical positions and underlying fund holdings may change without shareholder notice, performance may diverge materially from its benchmark, the three-month Treasury bill index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GCCXXGoldman Sachs Central Government Fund | 26.02% | $1.32B | 1.3B | $1.0000 |
State Street Health Care Select Sector SPDR ETF | 4.49% | $228.31M | 1.5M | $149.47 |
Goldman Sachs Access Treasury 0-1 Year ETF | 2.78% | $141.29M | 1.4M | $100.17 |
FEDERAL HOME LOAN BANK 3.80% floating · due 2027-10-08 | 1.37% | $69.86M | — | — |
United States Treasury 3.81% floating · due 2027-10-31 | 1.20% | $60.97M | — | — |
KFW | 1.14% | $58.16M | — | — |
iShares MSCI Mexico ETF | 1.03% | $52.66M | 671.4K | $78.43 |
Citibank NA | 0.99% | $50.30M | — | — |
Gotham Funding Corp | 0.98% | $49.71M | — | — |
Sprott Physical Uranium Trust | 0.82% | $41.97M | 2.1M | $19.77 |
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.
The 200 largest of 236 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Cash & short-term | 58.27% |
| Stocks | 35.84% |
| Bonds | 4.28% |
| Derivatives | 0.48% |
Derivatives are shown at market value, not notional exposure.
How it has done
TTIFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.71%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 and Aug 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.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.78% | +5.22% | +14.71% | +19.11% | -1.47% | |
| 0.77% | +5.16% | +14.69% | +19.10% | -1.52% | |
| 0.77% | +5.28% | +14.83% | +19.13% | -1.52% |
These classes hold the same portfolio, so the 0.03pp spread over 5 years is the cost difference between them — roughly 0.01pp a year — not a difference in what they own.
Fees & fund details
Goldman Sachs Tactical Tilt Overlay Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.77% – 0.78%· TTIFX 0.78%
- Portfolio turnover
- 143.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
134 new· the largest 7
158 exited· the largest 8
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.
| Floating rate | 74.6% |
| Fixed rate | 25.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 39.9% |
| 1-3y | 60.1% |
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 | 99% |
| Credit spreads | 1% |
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.
| Investment grade | +0.02 yr |
| High yield | +0.02 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 | 0.63 yr | 23% |
| 5 yr | 1.63 yr | 60% |
| 10 yr | 0.48 yr | 18% |
3 mo is NEGATIVE (-0.12 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.01 yr | 30% |
| 1 yr | 0.02 yr | 65% |
| 5 yr | 0.00 yr | 4% |
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 | -0.12 | +0.00 | +0.01 | $62 | $5.6k |
| 1 yr | +0.63 | +0.02 | +0.01 | $8.4k | $3.6k |
| 5 yr | +1.63 | +0.00 | +0.00 | $814 | $0 |
| 10 yr | +0.48 | +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.
Duration contribution in years, summing to the fund's 2.62 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.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
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