SRAFX — Goldman Sachs Strategic Factor Allocation Fund
Data updated: 2026-07-22
SRAFX — Goldman Sachs Strategic Factor Allocation Fund. Total Return Allocation · $2.41B AUM. Holdings, fees, performance and SEC filings.
SRAFX Fund Overview
SRAFX — Goldman Sachs Strategic Factor Allocation Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as Total Return 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
- Category: Total Return Allocation
- Assets under management: $2.41B
- 1-year return: 0.3%
- Ticker: SRAFX
- SEC CIK: 0000822977
- SEC series ID: S000054057
- Share class ID: C000196986
SRAFX Investment Objective and Strategy
Goldman Sachs Strategic Factor Allocation 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 Strategic Factor Allocation Fund (the “Portfolio”) seeks long-term total return.
Principal investment strategy
The Portfolio seeks to achieve its investment objective through the implementation of the proprietary Strategic Factor Allocation process (Strategic Allocation) of the Goldman Sachs Investment Strategy Group (Investment Strategy Group). The Strategic Allocation is generally derived from the Investment Strategy Groups market views on a variety of asset classes and instruments. The Investment Adviser determines in its sole discretion how to implement the Strategic Allocation. The Strategic Allocation was developed to provide exposure to factors, which are academically derived drivers of investment returns that the Investment Adviser believes offer the potential for greater and more consistent returns in different market environments. These factors include, but are not limited to, equity, term, flow and volatility.
Under normal circumstances, the Portfolio will invest in a variety of asset classes, including, but not limited to, equity, fixed income and foreign exchange contracts. The Investment Adviser implements the Strategic Allocation by investing in derivatives and pooled investment vehicles, including, but not limited to, investment companies, including exchange-traded funds (ETFs) (the Underlying Funds), and exchange-traded notes (ETNs). The Underlying Funds may include affiliated investment companies. Strategic Allocation may also be implemented by investing in any one or a combination of the following asset classes: (i) U.S. and foreign equity securities, including common and preferred stocks; (ii) fixed income instruments, which include, among others, debt issued by governments (including the U.S.
and foreign governments), their agencies, instrumentalities, sponsored entities, and political subdivisions, notes, debt participations and non-investment grade securities (commonly known as junk bonds); and (iii) foreign exchange contracts. The Portfolio may invest without restriction as to issuer capitalization, country, currency, maturity, duration or credit rating. The Portfolio may implement short positions for hedging purposes or to seek to enhance total return, and may do so by using swaps, futures, forwards or options, or through short sales of any instrument that the Portfolio may purchase for investment. The Portfolio may invest in derivatives for both hedging and non-hedging purposes. Derivative positions may be listed or over the counter (OTC) and may or may not be centrally cleared.
The Portfolios derivative investments may include but are not limited to (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.
As a result of the Portfolios use of derivatives, the Portfolio may also hold significant amounts of U.S. Treasuries or short-term investments, including money market funds, repurchase agreements, cash and time deposits. THE PORTFOLIO IS NON-DIVERSIFIED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (INVESTMENT COMPANY ACT), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS. The Portfolios blended benchmark index is the Strategic Factor Allocation Composite Index, which is comprised of the S&P 500 Index (50%) and the Bloomberg Barclays U.S. Aggregate Bond Index (50%).
SRAFX Holdings
Top 10 holdings of Goldman Sachs Strategic Factor Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs Central Government Fund | 11.97% |
| United States Treasury | 6.40% |
| United States Treasury | 6.05% |
| United States Treasury | 5.20% |
| United States Treasury | 4.79% |
| United States Treasury | 4.12% |
| United States Treasury | 3.65% |
| United States Treasury | 3.52% |
| NVIDIA Corp | 3.23% |
| United States Treasury | 3.03% |
SRAFX Portfolio Allocation
Asset-class allocation of Goldman Sachs Strategic Factor Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 52.5% |
| Cash & Equivalents | 42.6% |
| Real Estate | 1.6% |
| Derivatives | 0.1% |
SRAFX Performance
Total returns for SRAFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.3% |
| 3 years (annualised) | 6.0% |
SRAFX Risk Information
Risk metrics for SRAFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.3%
SRAFX Costs and Fees
SRAFX costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 0.93%
- Portfolio turnover: 0%
- Brokerage commissions: 8.26 bps of average net assets (SEC N-CEN)
SRAFX Cashflows
Over the 12 months to 2026-05, Goldman Sachs Strategic Factor Allocation Fund had net outflows of $39.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$26.95M |
| 2026-04 | −$41.48M |
| 2026-03 | −$15.38M |
| 2026-02 | −$38.87M |
| 2026-01 | $20.64M |
| 2025-12 | $134.96M |
SRAFX Debt Constituents
No individual debt constituents are reported in Goldman Sachs Strategic Factor Allocation Fund's latest SEC N-PORT filing.
SRAFX Prospectus and SEC Filings
Official Goldman Sachs Strategic Factor Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-26
- Prospectus (485BPOS) — filed 2023-12-27
- 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 Total Return 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.