FIXED INCOME•MULTI SECTOR
Symbol
GESDBEA LX
ISIN
LU0997587919
Overview
Objective
The Fund seeks to provide income and capital growth over the longer term.The Fund seeks to achieve its objective by investing at least 80% of its assets in investment grade (or equivalent) short duration fixed income securities of any type of issuer. Such securities will be primarily denominated in Euro. The Fund may also invest in non-Euro denominated securities (and investment techniques may be used to attempt to reduce the risk of currency movements against the Euro), below investment grade (high yield) and emerging markets securities.
Risk Profile
- Counterparty risk a party that the Portfolio transacts with may fail to meet its obligations which could cause losses.
- Credit risk the failure of a counterparty or an issuer of a financial asset held within the Portfolio to meet its payment obligations will have a negative impact on the Portfolio.
- Custodian risk insolvency, breaches of duty of care or misconduct of a custodian or subcustodian responsible for the safekeeping of the Portfolio's assets can result in loss to the Portfolio.
- Derivatives risk derivative instruments are highly sensitive to changes in the value of the underlying asset that they are based on. Certain derivatives may result in losses greater than the amount originally invested.
- Emerging markets risk emerging markets are likely to bear higher risk due to lower liquidity and possible lack of adequate financial, legal, social, political and economic structures, protection and stability as well as uncertain tax positions.
- Exchange rate risk changes in exchange rates may reduce or increase the returns an investor might expect to receive independent of the performance of such assets. If applicable, investment techniques used to attempt to reduce the risk of currency movements (hedging), may not be effective. Hedging also involves additional risks associated with derivatives.
- Interest rate risk when interest rates rise, bond prices fall, reflecting the ability of investors to obtain a more attractive rate of interest on their money elsewhere. Bond prices are therefore subject to movements in interest rates which may move for a number of reasons, political as well as economic.
- Leverage risk the Portfolio may operate with a significant amount of leverage. Leverage occurs when the economic exposure created by the use of derivatives is greater than the amount invested. A leveraged Portfolio may result in large fluctuations in the value of the Portfolio and therefore entails a high degree of risk including the risk that losses may be substantial.
- Liquidity risk the Portfolio may not always find another party willing to purchase an asset that the Portfolio wants to sell which could impact the Portfolio's ability to meet redemption requests on demand.
- Market risk the value of assets in the Portfolio is typically dictated by a number of factors, including the confidence levels of the market in which they are traded.
- Operational risk material losses to the Portfolio may arise as a result of human error, system and/or process failures, inadequate procedures or controls.
- Mortgage-backed securities (“MBS”) and asset-backed securities (“ABS”) risk the mortgages backing MBS and assets backing ABS may be repaid earlier than required, resulting in a lower return.
Fund Data
Performance
Allocations
Management Team
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