Goldman Sachs Multi-Manager Non-Core fund to launch in February

By Toni Weeks

San Luis Obispo, Calif., Feb. 2 – Goldman Sachs Trust II announced details about its upcoming new fixed-income, multi-manager fund that is expected to launch in February.

According to an N-1A filing with the Securities and Exchange Commission, the Goldman Sachs Multi-Manager Non-Core Fixed Income Fund will seek a total return consisting of income and capital appreciation. Under normal circumstances, it will invest at least 80% of its net assets in fixed-income securities, including bonds, debentures and other types of securities, all of which may have fixed or floating rates. The securities may be represented by forwards or other derivatives such as options, futures contracts or swap agreements.

The fund provides exposure primarily to “non-core” fixed-income asset classes, which may include non-investment-grade securities, loans and emerging markets debt. The fund may invest without restriction as to issuer capitalization, credit rating, country or currency.

The fund’s benchmark index is the Multi Manager Non-Core Fixed Income Composite index.

Neill Nuttall, Kate El-Hillow, Jason Gottlieb and Betsy Gorton are the portfolio managers.

Ares Capital Management II LLC, BlueBay Asset Management LLP and Symphony Asset Management LLC are the underlying subadvisers for the fund.

Including management fees of 0.85%, and taking into account the effects of a fee waiver and expenses limitation with the investment adviser, total annual operating expenses are expected to be 0.7%.

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

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