GNCFX — Goldman Sachs Multi-Manager Non-Core Fixed Income Fund
Data updated: 2026-06-24
GNCFX — Goldman Sachs Multi-Manager Non-Core Fixed Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Intermediate Total / Aggregate Bond · $1.98B AUM · 0.70% expense ratio · 9.5% 1-yr return. From SEC regulatory filings.
GNCFX Fund Overview
GNCFX — Goldman Sachs Multi-Manager Non-Core Fixed Income Fund is a US mutual fund managed by Goldman Sachs Trust II, categorised as Intermediate Total / Aggregate Bond. 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 II
- Category: Intermediate Total / Aggregate Bond
- Assets under management: $1.98B
- 1-year return: 9.5%
- Ticker: GNCFX
- SEC CIK: 0001557156
- SEC series ID: S000048067
- Share class ID: C000151918
GNCFX Holdings
Top 10 holdings of Goldman Sachs Multi-Manager Non-Core Fixed Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs Financial Square Government Fund | 6.46% |
| United States Treasury | 2.00% |
| United States Treasury | 1.04% |
| United States Treasury | 0.75% |
| Gainwell Acquisition Corp | 0.63% |
| Mineral Resources Ltd. | 0.49% |
| A&k Travel Group Hold | 0.49% |
| Proofpoint, Inc. | 0.43% |
| Hologic, Inc. | 0.43% |
| Ellucian Holdings, Inc. | 0.41% |
GNCFX Portfolio Allocation
Asset-class allocation of Goldman Sachs Multi-Manager Non-Core Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 60.3% |
| Loans | 29.1% |
| Equity | 6.8% |
| Cash & Equivalents | 3.3% |
| Securitized | 1.4% |
| Derivatives | 1.0% |
GNCFX Performance
Total returns for GNCFX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 9.5% |
| 3 years (annualised) | 8.5% |
| 5 years (annualised) | 3.4% |
GNCFX Risk Information
Risk metrics for GNCFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.4%
GNCFX Costs and Fees
GNCFX costs about $70 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.70%
- Gross expense ratio: 1.03%
- Portfolio turnover: 146%
- Brokerage commissions: 0.03 bps of average net assets (SEC N-CEN)
GNCFX Cashflows
Over the 12 months to 2026-04, Goldman Sachs Multi-Manager Non-Core Fixed Income Fund had net inflows of $446.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$7.64M |
| 2026-03 | $29.76M |
| 2026-02 | −$9.80M |
| 2026-01 | $10.34M |
| 2025-12 | $26.96M |
| 2025-11 | −$18.30M |
GNCFX Debt Constituents
Largest debt holdings of Goldman Sachs Multi-Manager Non-Core Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.04% |
| Mineral Resources Ltd. | 0.49% |
| A&k Travel Group Hold | 0.49% |
| Zf Na Capital | 0.33% |
| Cloud Software Grp, Inc. | 0.31% |
| Lifepoint Health, Inc. | 0.29% |
| 1261229 Bc Ltd. | 0.28% |
| Sunoco LP | 0.26% |
| Samhallsbyg Hold | 0.26% |
| Samarco Mineracao SA | 0.25% |
GNCFX Prospectus and SEC Filings
Official Goldman Sachs Multi-Manager Non-Core Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Intermediate Total / Aggregate Bond 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.