Goldman Sachs to launch Goldman Sachs Managed Futures Strategy Fund

By Angela McDaniels

Tacoma, Wash., Feb. 27 - Goldman Sachs Trust plans to launch the Goldman Sachs Managed Futures Strategy Fund, according to an N-1A filing with the Securities and Exchange Commission.

The fund will implement a trend-following strategy that takes long and/or short positions in a range of asset classes 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 and structured securities. The fund's investments will be made without restriction as to issuer capitalization, country, currency, maturity or credit rating.

The fund will offer class A shares ("GMSAX"), class C shares ("GMSCX"), institutional shares ("GMSSX"), class R shares ("GFFRX") and class IR shares ("GFIRX").

New York-based Goldman Sachs Asset Management, LP is the investment adviser for the fund.

The portfolio managers are William Fallon of Quantitative Investment Strategies Research and Steve Jeneste.

The maximum sales charge is 5.5% for class A shares. The amount of sales charge will be reduced on a sliding scale to a minimum of zero on purchases of $1 million or more. The remaining classes of shares do not have a maximum sales charge.

The class C shares will be subject to a 1% maximum deferred sales charge.

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