GTIFX — Goldman Sachs Target Date 2025 Portfolio
Data updated: 2023-01-25
GTIFX — Goldman Sachs Target Date 2025 Portfolio. Target Date / Glide Path Allocation · $10.67M AUM. Holdings, fees, performance and SEC filings.
GTIFX Fund Overview
GTIFX — Goldman Sachs Target Date 2025 Portfolio is a US mutual fund managed by Goldman Sachs Trust II, categorised as Target Date / Glide Path Allocation. 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: Target Date / Glide Path Allocation
- Assets under management: $10.67M
- 1-year return: -12.8%
- Ticker: GTIFX
- SEC CIK: 0001557156
- SEC series ID: S000054315
- Share class ID: C000170658
GTIFX Investment Objective and Strategy
Goldman Sachs Target Date 2025 Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Trust II.
Investment objective
The Goldman Sachs Target Date 2025 Portfolio (the “Portfolio”) seeks to provide capital appreciation and current income consistent with its current asset allocation.
Principal investment strategy
"The Portfolio employs an asset allocation strategy designed for investors who plan to retire and to begin gradually withdrawing their investment from the Portfolio beginning in approximately 2025 (the Target Date). The Portfolio is managed for an investor planning to retire at the age of 65 on or around the Target Date. The Portfolio generally seeks to achieve its investment objective by investing in shares of exchange-traded funds (""Underlying ETFs"") and other registered investment companies (collectively, the ""Underlying Funds""), according to an asset allocation strategy, developed by Madison Asset Management, LLC (the ""Sub-Adviser"") who is unaffiliated with the Investment Adviser, for investors planning to retire in or within a few years of 2025. Over time, the Portfolio's asset allocation will become more conservative until it reaches approximately 10-30% in equity funds and 70-90% in fixed income funds at the Target Date as illustrated in the graph below.
After the Target Date, and as also illustrated in the graph below, the Portfolio's asset allocation targets are expected to remain within these approximate ranges. The graph below applies to each Goldman Sachs Target Date Portfolio identified in the Prospectus. The asset allocation strategy is designed to reduce the volatility of investment returns in the later years while still providing the potential for higher total returns over the target period. Market conditions and the perceived value of securities will change as the investor moves across the glide path. Although the actual allocations may vary, the chart below illustrates the expected strategic asset allocation of the glide path and the tactical allocation ranges of the core asset classes and sub-asset classes. YEARS TO TARGET DATE 10 5 0 ?5 ?10 Strategic Allocations Equity 55% 38% 20% 20% 20% US Equity 39% 26% 14% 14% 14% Non-US Developed Equities 17% 11% 6% 6% 6% Fixed Income 45% 63% 80% 80% 80% Tactical Allocation Ranges Equity 45-65% 28-48% 10-30% 10-30% 10-30% US Equity 27-59% 17-43% 6-27% 6-27% 6-27% Non-US Equities 5-26% 3-19% 1-12% 1-12% 1-12% Fixed Income 35-55% 53-73% 70-90% 70-90% 70-90% Sub-Asset Classes and Alternatives Emerging Markets Equities 0-13% 0-10% 0-6% 0-6% 0-6% Real Estate 0-10% 0-10% 0-10% 0-10% 0-10% Commodities 0-10% 0-10% 0-10% 0-10% 0-10% Other Alternative Strategies 0-10% 0-10% 0-10% 0-10% 0-10% Note: Above allocations may not sum to total due to rounding.
On a periodic basis, the Sub-Adviser will evaluate and may revise the Portfolio's asset allocation, including revising the asset class weightings and adding and/or removing Underlying Funds. There will be times when the perceived value of equity and/or fixed income securities are stretched (or depressed) and the opportunity to proactively protect against (or take advantage of) these opportunities necessitates an ability to deviate from the glide path's strategic target. In order to attempt to capitalize on these periodic opportunities, the Sub-Adviser established a ""tactical allocation range"" that allows flexibility to increase or decrease exposure from the glide path's strategic allocations. As a result, the Portfolio's equity and fixed income asset allocation targets may range within the bounds of this tactical allocation range as illustrated in the chart above depending on the Sub-Adviser's views of the appropriate mix of the Portfolio's asset allocation based on then-current economic, market or other conditions, or factors unique to the Portfolio.
Certain sub-asset classes, like real estate, commodities, and other alternative strategies, may be invested in using the tactical allocation range illustrated in the table above. The Sub-Adviser may also use the tactical allocation range to invest in certain other sub-asset classes within fixed income such as: domestic high yield non-investment grade securities (commonly referred to as ""junk bonds""), inflation-linked securities, securities issued by foreign corporate and governmental issuers, sovereign and corporate debt securities of issuers in emerging market countries, convertible securities, and preferred stock. The Sub-Adviser will also monitor the Underlying Funds on an ongoing basis and may increase or decrease the Portfolio's investment in one or more Underlying Funds. The Underlying Fund selections are made based on several considerations, including the Portfolio's style or asset class exposures, portfolio characteristics, risk profile, and investment process.
With regard to investments in Underlying Funds that invest in debt securities, the Sub-Adviser seeks to select portfolios of securities with long-, intermediate- and short-term maturities. Although the Portfolio does not intend to concentrate its investments in a particular industry, the Portfolio may indirectly concentrate in a particular industry or group of industries through its aggregate investment in one or more Underlying Funds. The particular Underlying Funds in which the Portfolio may invest and the Portfolio's targets and ranges will change from time to time without shareholder approval or notice. The Sub-Adviser's strategy is intended to represent a conservative investment strategy. The Sub-Adviser's expectation is that the Portfolio may participate in market appreciation during bull markets and experience something less than full participation during bear markets compared with other funds holding more speculative and volatile securities.
There is no assurance that the Sub-Adviser's expectations regarding this investment strategy will be realized. Although the Portfolio expects to pursue its investment objective utilizing its principal investment strategies regardless of market conditions, the Portfolio may invest up to 100% in money market instruments. To the extent the Portfolio engages in this temporary defensive position, the Portfolio's ability to achieve its investment objective may be diminished. Management Process The Investment Adviser and the Portfolio have received an exemptive order from the Securities and Exchange Commission (""SEC""). Under the exemptive order, the Investment Adviser has the ultimate responsibility, subject to oversight by the Portfolio's Board of Trustees, to oversee the Sub-Adviser and recommend its hiring, termination and replacement.
The initial shareholder of the Portfolio approved the Portfolio's operation in this manner and reliance by the Portfolio on this exemptive order. Additional Information The Portfolio's benchmark index is the S&P Target Date To 2025 Index (the ""Index"")."
GTIFX Performance
Total returns for GTIFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -12.8% |
| 3 years (annualised) | 1.7% |
GTIFX Risk Information
Risk metrics for GTIFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.3%
GTIFX Costs and Fees
GTIFX costs about $27 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.27%
- Gross expense ratio: 3.15%
- Portfolio turnover: 40%
- Brokerage commissions: 0.67 bps of average net assets (SEC N-CEN)
GTIFX Cashflows
Over the 12 months to 2022-11, Goldman Sachs Target Date 2025 Portfolio had net inflows of $3.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-11 | −$17.84K |
| 2022-10 | $12.98K |
| 2022-09 | $29.36K |
| 2022-08 | $69.15K |
| 2022-07 | −$164.15K |
| 2022-06 | $33.97K |
GTIFX Debt Constituents
No individual debt constituents are reported in Goldman Sachs Target Date 2025 Portfolio's latest SEC N-PORT filing.
GTIFX Prospectus and SEC Filings
Official Goldman Sachs Target Date 2025 Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-12-29
- Prospectus (485BPOS) — filed 2020-12-28
- Prospectus (485BPOS) — filed 2020-01-17
- Portfolio holdings (N-PORT) — filed 2023-01-25
- Portfolio holdings (N-PORT) — filed 2022-10-25
- Portfolio holdings (N-PORT) — filed 2022-07-21
- Annual census (N-CEN) — filed 2022-11-14
- Annual census (N-CEN) — filed 2021-11-15
Related Funds
Other Target Date / Glide Path Allocation 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.