Goldman Sachs Satellite Strategies Portfolio
Data updated: 2024-03-13
C000043944 — Goldman Sachs Satellite Strategies Portfolio. Leveraged · $65.72M AUM · 1.38% expense ratio. Holdings, fees, performance and SEC filings.
C000043944 Fund Overview
Goldman Sachs Satellite Strategies Portfolio is a US mutual fund managed by Goldman Sachs Trust, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Goldman Sachs Trust
- Category: Leveraged
- Assets under management: $65.72M
- 1-year return: 10.0%
- SEC CIK: 0000822977
- SEC series ID: S000015982
- Share class ID: C000043944
C000043944 Investment Objective and Strategy
Goldman Sachs Satellite Strategies Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Trust.
Investment objective
The Goldman Sachs Satellite Strategies Portfolio (the “Portfolio”) seeks long-term capital appreciation.
Principal investment strategy
The Portfolio seeks to achieve its investment objective by investing in a combination of underlying funds that currently exist or that may become available for investment in the future for which Goldman Sachs Asset Management, L.P. (GSAM or the Investment Adviser) or an affiliate now or in the future acts as investment adviser or principal underwriter, without considering or canvassing the universe of unaffiliated investment companies available, and may also invest in unaffiliated exchange-traded funds (ETFs) (collectively, the Underlying Funds). Some of the Underlying Funds invest primarily in fixed income or money market instruments (the Underlying Fixed Income Funds) and other Underlying Funds invest primarily in equity securities (the Underlying Equity Funds). Under normal conditions, at least 80% of the Portfolios total assets will be allocated among Underlying Funds that the Investment Adviser considers to be invested in satellite asset classes.
Satellite asset classes are those that historically have had lower correlations to traditional market exposures such as large cap equities and investment grade fixed income. Satellite funds can be both equity and fixed income funds. The Portfolios investment in any of the Underlying Funds may exceed 25% of its assets. The Investment Adviser expects to invest relatively significant percentages in the following satellite equity asset classes: emerging markets equity, international small cap, U.S. and international real estate securities and global public infrastructure securities. The Investment Adviser may invest a relatively significant percentage in the following satellite fixed income asset classes: high yield, bank loans and emerging markets debt. The Portfolio may also invest in derivatives (including (i) futures contracts, including futures based on equity or fixed income indices, interest rate futures; (ii) options, including long and short positions in call options and put options on indices, individual securities or currencies and options on futures contracts; and (iii) currency forwards, and non-deliverable forwards) to gain exposure to securities in which the Underlying Funds invest.
The Portfolio may invest in derivatives for both hedging and non-hedging purposes. The Portfolios blended benchmark is the Satellite Strategies Composite Index, as discussed further under Performance. THE PARTICULAR UNDERLYING FUNDS IN WHICH THE PORTFOLIO MAY INVEST, THE EQUITY/FIXED INCOME TARGETS AND RANGES AND INVESTMENTS IN EACH UNDERLYING FUND MAY BE CHANGED FROM TIME TO TIME WITHOUT SHAREHOLDER APPROVAL OR NOTICE.
C000043944 Holdings
Top 10 holdings of Goldman Sachs Satellite Strategies Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs International Small Cap Insights Fund | 21.02% |
| Goldman Sachs Global Infrastructure Fund | 18.10% |
| Goldman Sachs Emerging Markets Debt Fund | 12.16% |
| Goldman Sachs Inflation Protected Securities Fund | 12.09% |
| Goldman Sachs Emerging Markets Equity Insights Fund | 6.24% |
| Goldman Sachs Global Real Estate Securities Fund | 6.10% |
| Goldman Sachs High Yield Fund | 5.96% |
| Goldman Sachs MLP Energy Infrastructure Fund | 4.90% |
| iShares J.P. Morgan EM Local Currency Bond ETF | 4.41% |
| Goldman Sachs Emerging Markets Equity Fund | 3.34% |
C000043944 Portfolio Allocation
Asset-class allocation of Goldman Sachs Satellite Strategies Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
C000043944 Performance
Total returns for C000043944 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.0% |
| 3 years (annualised) | 0.3% |
C000043944 Risk Information
Risk metrics for C000043944, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.2%
C000043944 Costs and Fees
C000043944 costs about $138 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.38%
- Gross expense ratio: 1.72%
- Portfolio turnover: 25%
- Brokerage commissions: 0.04 bps of average net assets (SEC N-CEN)
C000043944 Cashflows
Over the 12 months to 2023-12, Goldman Sachs Satellite Strategies Portfolio had net outflows of $23.34M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | −$1.10M |
| 2023-11 | −$2.47M |
| 2023-10 | −$2.06M |
| 2023-09 | −$1.85M |
| 2023-08 | −$1.82M |
| 2023-07 | −$983.33K |
C000043944 Debt Constituents
No individual debt constituents are reported in Goldman Sachs Satellite Strategies Portfolio's latest SEC N-PORT filing.
C000043944 Prospectus and SEC Filings
Official Goldman Sachs Satellite Strategies Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-30
- Portfolio holdings (N-PORT) — filed 2024-02-16
- Portfolio holdings (N-PORT) — filed 2023-11-28
- Portfolio holdings (N-PORT) — filed 2023-08-23
- Annual census (N-CEN) — filed 2024-03-13
- Annual census (N-CEN) — filed 2023-03-14
Related Funds
Other Leveraged funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.