Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund
Data updated: 2025-05-27
C000138559 — Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund. Long-Short. Holdings, fees, performance and SEC filings.
C000138559 Fund Overview
Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund is a US mutual fund managed by Goldman Sachs Variable Insurance Trust, categorised as Long-Short. 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 Variable Insurance Trust
- Category: Long-Short
- Assets under management: $33.60M
- 1-year return: 1.8%
- SEC CIK: 0001046292
- SEC series ID: S000044541
- Share class ID: C000138559
C000138559 Investment Objective and Strategy
Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Variable Insurance Trust.
Investment objective
The Goldman Sachs Multi-Strategy Alternatives Portfolio (the “Portfolio”) seeks long-term growth of capital.
Principal investment strategy
The Portfolio seeks to achieve its investment objective by investing in a combination of underlying variable insurance funds and mutual 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 (the Underlying Funds) without considering or canvassing the universe of unaffiliated investment companies available. The Portfolio invests in Underlying Funds that pursue a variety of strategies and invest in a variety of asset classes. The Investment Adviser selects strategies and asset classes based on the desired risk profile and investment objective for the Portfolio. The Portfolio invests primarily in a portfolio of Underlying Funds that provide exposure to Liquid Alternatives Strategies and Satellite and Real Assets (Underlying Asset Classes and Strategies).
Liquid Alternatives Strategies generally include, but are not limited to, momentum or trend trading strategies (investment decisions based on trends in asset prices over time), hedge fund beta (long term total returns consistent with investment results that approximate the return and risk patterns of a diversified universe of hedge funds), long/short strategies or relative value strategies (which seek to capture mispricings across securities, sectors and regions), tactical allocation strategies (investment decisions based on market conditions that seek to monetize short-term dislocations across asset classes) and unconstrained fixed income strategies (which have the ability to invest across various fixed income sectors). Satellite and Real Assets generally include, but are not limited to, global real estate securities, emerging markets equity and debt, and high yield and bank loans.
Through its investments in Underlying Funds and/or unaffiliated exchange-traded funds (ETFs), the Portfolio may indirectly invest in the following to obtain exposure to Underlying Asset Classes and Strategies: (i) equity securities, including common and preferred stocks, real estate investment trusts (REITs), pooled investment vehicles (including other unaffiliated investment companies and ETFs) and partnership interests, including master limited partnerships (MLPs); (ii) fixed income and/or floating rate securities, including debt issued by corporations, debt issued by governments (including the U.S. and foreign governments), their agencies, instrumentalities, sponsored entities, and political subdivisions, covered bonds, notes, debentures, debt participations, convertible bonds, non-investment grade securities (commonly known as junk bonds), bank loans and other direct indebtedness; (iii) mortgage-backed and other mortgage-related securities, asset-backed securities, municipal securities, to be announced (TBA) securities and custodial receipts; (iv) currencies; and (v) restricted securities eligible for resale pursuant to Rule 144A under the Securities Act of 1933 (144A Securities).
These investments may be publicly traded or privately issued or negotiated. The Portfolio may also invest directly in all of the above instruments. The Portfolio may invest without restriction as to issuer capitalization, country, currency, maturity or credit rating. The Portfolio and certain Underlying Funds may also invest in derivatives for both hedging and investment purposes. The Portfolios derivative exposure (which will primarily be obtained through its investments in the Underlying Funds) may include (i) futures contracts, including futures based on equity or fixed income securities and/or equity or fixed income indices, interest rate futures, currency futures and swap futures; (ii) swaps, including equity, currency, interest rate, total return, variance and credit default swaps and swaps on futures contracts; (iii) options, including long and short positions in call options and put options on indices, individual securities or currencies, swaptions and options on futures contracts; (iv) forward contracts, including forwards based on equity or fixed income securities and/or equity or fixed income indices, currency forwards, interest rate forwards, swap forwards and non-deliverable forwards; and (v) other instruments, including structured securities, credit linked notes, exchange-traded notes and contracts for differences (CFDs).
The Portfolios direct derivatives investments are expected to consist primarily of futures, options on indices and currency forwards, which the Portfolio may use to gain exposure to certain markets or currencies. The Portfolio intends to invest no more than 20% of its total assets in Underlying Funds that are managed by an investment advisor other than GSAM or its affiliates. In managing the Portfolio, the Investment Adviser seeks to budget or allocate portfolio risk, as opposed to capital. The Investment Adviser adjusts the Portfolios risk exposures based on changes to its macro-economic views, changes to absolute and relative valuations across the Portfolios exposures, and changes in the risk characteristics of the Portfolios investments over time. The Investment Adviser may make short- to medium-term allocation adjustments to each Underlying Asset Class and Strategy and their constituents based on reasoned views of short- to medium-term market conditions with the goal of improving the Portfolios investments over time.
The Investment Adviser may change the Portfolios allocation ranges, Underlying Asset Classes and Strategies and underlying investments from time to time at its discretion to incorporate its market views into the investment process and to react to changes in the macro-economic environment. THE PARTICULAR UNDERLYING FUNDS IN WHICH THE PORTFOLIO MAY INVEST MAY BE CHANGED FROM TIME TO TIME WITHOUT SHAREHOLDER APPROVAL OR NOTICE.
C000138559 Holdings
Top 10 holdings of Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs Tr Mgd Fut | 18.89% |
| Goldman Sachs High Yield Fund | 14.10% |
| Goldman Sachs Emerging Markets Debt Fund | 11.98% |
| Goldman Sachs High Yield Floating Rate Fund | 11.76% |
| Goldman Sachs Global Infrastructure Fund | 8.30% |
| Goldman Sachs Short Duration High Yield Fund | 8.09% |
| Goldman Sachs Emerging Markets Equity Insights Fund | 8.01% |
| Goldman Sachs Core Fixed Income Fund | 5.21% |
| Goldman Sachs MarketBeta US Equity ETF | 4.41% |
| Goldman Sachs Financial Square Government Fund | 3.16% |
C000138559 Portfolio Allocation
Asset-class allocation of Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 92.9% |
| Cash & Equivalents | 3.2% |
C000138559 Performance
Total returns for C000138559 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.8% |
| 3 years (annualised) | 1.9% |
| 5 years (annualised) | 4.9% |
C000138559 Risk Information
Risk metrics for C000138559, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.5%
C000138559 Costs and Fees
C000138559 costs about $96 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.96%
- Gross expense ratio: 1.52%
- Portfolio turnover: 23%
- Brokerage commissions: 0.30 bps of average net assets (SEC N-CEN)
C000138559 Cashflows
Over the 12 months to 2025-03, Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund had net outflows of $6.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-03 | −$5.66M |
| 2025-02 | −$1.94M |
| 2025-01 | $53.01K |
| 2024-12 | $1.55M |
| 2024-11 | −$286.48K |
| 2024-10 | $105.48K |
C000138559 Debt Constituents
No individual debt constituents are reported in Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund's latest SEC N-PORT filing.
C000138559 Prospectus and SEC Filings
Official Goldman Sachs Variable Insurance Trust Multi-Strategy Alternatives Portfolio Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-29
- Portfolio holdings (N-PORT) — filed 2025-05-27
- Portfolio holdings (N-PORT) — filed 2025-02-26
- Portfolio holdings (N-PORT) — filed 2024-11-22
- Annual census (N-CEN) — filed 2025-03-14
- Annual census (N-CEN) — filed 2024-03-13
Related Funds
Other Long-Short 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.