GGMIX — Goldman Sachs Global Managed Beta Fund
Data updated: 2026-07-22
GGMIX — Goldman Sachs Global Managed Beta Fund. United States Blend / Core Equity · $4.87B AUM. Holdings, fees, performance and SEC filings.
GGMIX Fund Overview
GGMIX — Goldman Sachs Global Managed Beta Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as United States Blend / Core Equity. 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: United States Blend / Core Equity
- Assets under management: $4.87B
- Ticker: GGMIX
- SEC CIK: 0000822977
- SEC series ID: S000048066
- Share class ID: C000277167
GGMIX Investment Objective and Strategy
Goldman Sachs Global Managed Beta Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Trust.
Investment objective
The Goldman Sachs Global Managed Beta Fund (the “Fund”) seeks to provide long-term capital growth.
Principal investment strategy
The Fund primarily seeks to achieve its investment objective by investing in a diversified portfolio of global equity asset classes (the Underlying Asset Classes) that provide broad beta exposure to the global equity markets. Beta refers to the component of returns that is attributable to broad market risk exposure. The Investment Adviser will determine the capital allocation to the Underlying Asset Classes (and within the Underlying Asset Classes) based on its cycle-aware long term strategic allocation model, which may include factor-based diversification. The Fund currently intends to gain exposure to the Underlying Asset Classes, and in the approximate ranges, listed below: Underlying Asset Classes Range of Portfolio Investment Global Large Cap Equity 40% 100% Global Small Cap Equity 0% 30% Emerging Markets Equity 0% 25% The Fund may also employ a macro hedging strategy that seeks to diversify the Fund's overall exposure to the global equity asset classes.
This hedging strategy primarily entails the purchase of options on interest rates or fixed income instruments and it has risk/return characteristics with low expected correlation to that of the global equity markets. The Investment Adviser intends to employ this hedging strategy as a diversifying complement to the Underlying Asset Classes. The Fund may invest in exchange-traded funds (ETFs), futures and other instruments that provide economic exposures to the Underlying Asset Classes. The Fund may also invest directly in equity securities, including real estate investment trusts (REITs). The Fund may invest, without limitation, in securities or obtain exposures to Underlying Asset Classes that are denominated in currencies other than the U.S. dollar. The Fund may use currency management techniques, primarily forward foreign currency contracts, for hedging or non-hedging purposes.
The Fund intends to have investments economically tied to at least three countries, including the United States, and may invest in the securities of issuers in emerging market countries. Under normal circumstances, the Fund intends to invest no more than 25% of its total assets in emerging markets equity securities and no more than 30% of its total assets in the securities of small capitalization companies. The Fund may invest without restriction as to issuer capitalization, currency, maturity or credit rating. The Fund may use leverage (e.g., by borrowing or through derivatives). The Fund may invest in derivatives for both hedging and non-hedging purposes. The Fund's derivative investments may include: (i) futures contracts, including futures based on securities and/or indices; (ii) options, including long and short positions in call options and put options on indices, or currencies, swaptions and options on futures contracts; and (iii) forward contracts, including currency forwards.
As a result, the sum of the Fund's investment exposures may at times exceed the amount of assets invested in the Fund, although these exposures may vary over time. The use of leverage magnifies gains and losses. As a result of the Fund's use of derivatives, the Fund may also hold significant amounts of U.S. Treasuries or short-term investments, including money market funds, cash and time deposits, and enter into repurchase agreements. In selecting individual securities, the Fund may use a rules-based methodology, in combination with a qualitative overlay, that emphasizes fundamentally-based and market-based stock selection, portfolio construction and efficient implementation. The Fund may seek to gain exposure to Underlying Asset Classes using a factor-based diversification approach, rather than obtaining such exposure through market capitalization weighted indices.
Factor based diversification seeks to capture common sources of active equity returns, including, but not limited to, the following factors: Momentum, Valuation, Volatility and Quality. The Momentum factor seeks to identify companies whose stock prices are expected to increase or decrease (by, among other things, evaluating each companys recent performance results). The Valuation factor seeks to identify companies whose stock prices are trading at a discount to their fundamental or intrinsic value (by, among other things, comparing each companys book value to market value). The Volatility factor seeks to identify companies whose stock prices are expected to have a relatively lower degree of fluctuation over time. The Quality factor seeks to identify companies that are expected to generate higher returns on assets (i.e., more profitable).
The Investment Adviser seeks to capitalize on the low correlations in returns across these factors by diversifying exposure to securities selected based on such factors. The Investment Adviser may, in its discretion, make changes to its quantitative techniques, or use other quantitative techniques that are based on its proprietary research. The Funds benchmark index is the Morgan Stanley Capital International All Country World Index Investable Market Index (MSCI ACWI IMI) (Net, USD, 50% Non-US Developed Hedged to USD).
GGMIX Holdings
Top 10 holdings of Goldman Sachs Global Managed Beta Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs MarketBeta US Equity ETF | 24.59% |
| iShares Core MSCI Emerging Markets ETF | 11.93% |
| Goldman Sachs MarketBeta International Equity ETF | 11.83% |
| Goldman Sachs Central Government Fund | 8.06% |
| Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 7.86% |
| iShares Core MSCI EAFE ETF | 5.66% |
| Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF | 5.01% |
| State Street SPDR Portfolio S&P 500 Growth ETF | 4.84% |
| iShares MSCI EAFE Small-Cap ETF | 4.35% |
| Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 1.32% |
GGMIX Portfolio Allocation
Asset-class allocation of Goldman Sachs Global Managed Beta Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.5% |
| Derivatives | 2.3% |
| Cash & Equivalents | 0.7% |
| Real Estate | 0.6% |
| Fixed Income | 0.1% |
GGMIX Performance
Total returns for GGMIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 12.1% |
| 1 year | 31.3% |
| 3 years (annualised) | 20.8% |
| 5 years (annualised) | 10.5% |
GGMIX Risk Information
Risk metrics for GGMIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.2%
GGMIX Costs and Fees
GGMIX costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.63%
- Portfolio turnover: 31%
- Brokerage commissions: 0.64 bps of average net assets (SEC N-CEN)
GGMIX Cashflows
Over the 12 months to 2026-05, Goldman Sachs Global Managed Beta Fund had net outflows of $470.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$162.82M |
| 2026-04 | −$106.69M |
| 2026-03 | $37.68M |
| 2026-02 | −$48.08M |
| 2026-01 | $70.41M |
| 2025-12 | −$17.94M |
GGMIX Debt Constituents
Largest debt holdings of Goldman Sachs Global Managed Beta Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Fed Home Ln Discount Nt | 0.05% |
| Fed Home Ln Discount Nt | 0.04% |
| Fed Home Ln Discount Nt | 0.02% |
GGMIX Prospectus and SEC Filings
Official Goldman Sachs Global Managed Beta Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-07
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-26
- Portfolio holdings (N-PORT) — filed 2026-07-22
- Portfolio holdings (N-PORT) — filed 2026-04-21
- Portfolio holdings (N-PORT) — filed 2026-01-23
- Annual census (N-CEN) — filed 2025-11-13
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other United States Blend / Core Equity 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.