Goldman Sachs Asset Management (GSAM) has changed the name of the Goldman Sachs Core Plus Fixed Income Fund to the Goldman Sachs Bond Fund.
The fund offers investors a globally diversified approach to fixed income.
“We believe the fund name change will help existing and new investors understand how the Goldman Sachs Bond Fund can offer a core bond allocation in their portfolios, with the flexibility to invest in a broad range of global fixed income asset classes,” says Jim McNamara, global head of third party distribution.
The Goldman Sachs Bond Fund is an enhanced approach to a core allocation with global diversification. The fund allows investors to access opportunities outside a traditional core fixed income portfolio, while seeking to manage risk. Since its inception in 2006, the fund has pursued a total return consisting of capital appreciation and income, exceeding the Barclays US Aggregate Bond Index benchmark.
“Successfully navigating today’s bond markets requires an understanding of the diverse sources of risk and return, and a multi-country approach to managing interest rate volatility,” says Jonathan Beinner, chief investment officer of global fixed income at GSAM. “We remain constructive on credit fundamentals and growth outlooks, and expect US interest rates to rise in 2015. The Goldman Sachs Bond Fund’s strategy enables it to be positioned to react to volatility and adjust to duration risk.”
The fund ticker symbols and investment minimums remain the same. It will continue to be offered in Class A and C shares with USD1,000 minimum initial investments. Additionally, the fund offers Institutional, Class R and Class IR Shares.