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Goldman Sachs Absolute Ret Trckr A GARTX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.17  /  0.20 %
Total Assets
3.6 Bil
Adj. Expense Ratio
1.090%
Expense Ratio
1.090%
Fee Level
Low
Longest Manager Tenure
3.92 years
Category
Multistrategy
Alt Style Correlation / Relative Volatility
High / Medium
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.10%
Turnover
193%

USD | NAV as of Jun 15, 2021 | 1-Day Return as of Jun 15, 2021, 11:06 PM GMT+00:00

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Morningstar’s Analysis

Will GARTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GARTX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the GARTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of GARTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Offers little diversification.

Senior Analyst

Summary

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Goldman Sachs Absolute Return Tracker employs a systematic process to mimic the aggregate returns of the hedge fund universe by using market factors and alternative risk premiums. The fund has maintained a 95% correlation to global equities, limiting its diversification benefits. Its Morningstar Analyst Rating remains at Neutral for its six cheaper share classes and Negative for its most expensive share class.

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