Goldman Sachs Managed Futures Strategy Fund Class A (GMSAX)

Fund Assets	164.89M
Expense Ratio	1.60%
Min. Investment	$1,000
Turnover	529.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	9.15
YTD Return	-3.17%
1-Year Return	-0.97%
5-Year Return	8.16%
52-Week Low	8.32
52-Week High	9.77
Beta (5Y)	0.02
Holdings	54
Inception Date	Feb 29, 2012

About GMSAX

The fund implements a trend-following strategy that takes long and/or short positions in a wide range of asset classes, including equities, fixed income, commodities and currencies, among others, to seek long-term absolute return. It seeks to achieve its investment objective by investing primarily in a portfolio of equities, equity index futures, bonds, bond futures, equity swaps, interest rate swaps, currency forwards and non-deliverable forwards, options, exchange traded funds ("ETFs"), and structured securities.

• Fund Family: Goldman Sachs
• Category: Systematic Trend
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: GMSAX
• Share Class: Class A
• Index: Index is not available on Lipper Database

Performance

GMSAX had a total return of -0.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.78%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
GMQPX	Class P Shares	1.23%
GMSWX	Class R6 Shares	1.23%
GMSSX	Institutional	1.24%
GFIRX	Investor Shares	1.35%

Top 10 Holdings

96.31% of assets

Name	Symbol	Weight
Goldman Sachs Financial Square Government Fund	FGTXX	47.51%
E-mini S&P 500 Future Dec 25	n/a	14.96%
Cayman Commodity-Mfs Llc	n/a	14.62%
Long-Term Euro BTP Future Dec 25	IKZ5	3.92%
E-mini Nasdaq 100 Future Dec 25	n/a	3.39%
E-mini Dow $5 Future Dec 25	n/a	3.17%
MSCI Emerging Markets Index Future Dec 25	n/a	2.78%
Dax Future Dec 25	GXZ5	2.30%
S&P TSX 60 Index Future Dec 25	n/a	1.86%
Future on TOPIX	n/a	1.80%