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GSAM details Goldman Sachs Dynamic Emerging Markets Debt Fund
By Toni Weeks
San Luis Obispo, Calif., May 29 - Goldman Sachs Trust gave more details in an N-1A filing with the Securities and Exchange Commission about its planned new fixed-income fund that targets emerging markets investments, the Goldman Sachs Dynamic Emerging Markets Debt Fund.
The fund will seek a high level of total return consisting of income and capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in sovereign and corporate debt securities and other instruments, including credit-linked notes and other investments with similar economic exposures, of issuers in emerging market countries and/or currencies of such emerging market countries. The securities and instruments may be denominated in dollars or in non-U.S. currencies.
Samuel Finkelstein and Yacov Arnopolin will be the portfolio managers.
The fund will offer class A, class C, institutional, class IR and class R shares. The ticker symbols are GDDAX, GDDCX, GDDIX, GIRDX and GDDRX, respectively.
Shareholder fees will consist of a 4.5% maximum sales charge for class A shares, a 1% maximum deferred sales charge for class C shares and a 2% redemption fee imposed on all share classes for redemptions occurring within 30 days of purchase.
Including management fees of 0.9% and the effects of a fee waiver and expense limitation with the investment adviser, total annual fund operating expenses are expected to be 1.25% for class A, 2% for class C, 0.91% for institutional class, 1% for class IR and 1.5% for class R shares.
New York-based Goldman Sachs Asset Management, LP is the investment adviser to the fund.
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