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.
Goldman Sachs Absolute Ret Trckr A GARTX
NAV / 1-Day Return
9.74
/
0.41
%
Total Assets
3.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.090%
Expense Ratio
1.090%
Fee Level
Low
Longest Manager Tenure
3.63
years
Category
Multialternative
Alt Style Correlation / Relative Volatility
High / MediumMin. Initial Investment
1,000
Status
Open
TTM Yield
0.10%
Turnover
127%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will GARTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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
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
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.
