Goldman Sachs USD Green Bond - X Cap USD

Valuation Day

22/02/2024

Net Asset Value

1238.3000

Risk level

MorningStar

Investment Scope

The Fund is classified as a financial product under Article 9 of the EU Sustainable Finance Disclosure Regulation. The Fund has a sustainable investment objective and it will invest in economic activities that qualify as environmentally sustainable under the EU Taxonomy. Detailed information on the sustainability related disclosures of the Fund can be found in the PCD (Pre-contractual disclosure document annex of the prospectus) on https://www.gsam.com/responsible-investing/en-INT/non-professional/funds/documents. The fund invests at least 85% of its net assets in a portfolio of green bonds predominantly (minimum 2/3) denominated in US Dollar. Green bonds are any type of bond instruments where the proceeds will be applied to finance or re-finance in part or in full new and/or existing projects that are beneficial to the environment. The selection process involves green bond analysis, traditional credit analysis and ESG (Environmental, Social and Governance) analysis which may be limited by the quality and availability of the data disclosed by issuers or provided by third parties. Example of non-financial criteria assessed in the ESG analysis is annual greenhouse gas (GHG) emissions avoided.

When selecting investments the Investment Manager shall analyse, maintain and update the credit rating of future investments and shall ensure that the average rating of the portfolio is BBB- or better. Investments in bonds with a higher risk (with a quality rating lower than BBB- but still higher than BB-) may not exceed 10% of the fund's net assets. Measured over a period of 5 years the fund aims to beat the performance of the benchmark Bloomberg MSCI Global Green Bond Index USD Total Return Index Unhedged USD. The benchmark is a broad representation of the fund's investment universe. The fund may also include investments into bonds that are not part of the benchmark universe. The fund is actively managed with a focus on bond selection where analysis of specific issuers of bonds is combined with a broader market analysis to construct the optimal portfolio, with deviation limits maintained relative to the benchmark. The aim is to exploit differences in valuations of issuers of bonds between sectors and differences in valuations between sectors and different quality segments (ratings). Therefore, the fund's investments can materially deviate from the benchmark. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.

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Past returns do not predict future returns

Historical NAV

Calendar Year Performance (NET %)

Cumulative Performance (ΝΕΤ %)

USD 1y 3y 5y
Fund - - -
Share Class Benchmark - - -
Date Report 31/01/2024

Practical Info

ISIN Code: LU2578936770
Currency: USD
Unit class: X CAP
Asset class: Fixed Income
Region: Global

Risk and Reward Profile

• The summary risk indicator is a guide to the level of the risk of this product compared to other products. It shows how likely it is that the product will
lose money because of movements in the markets or because we are not able to pay you.
• This product does not include any protection from future market performance so you could lose some or all of your investment.
• Other Material Risks relevant to the Portfolio not included in the summary risk indicator are set out in the Prospectus.
• If the Fund is not able to pay you what is owed, you could lose your entire investment.
• We have classified this Fund as 3 out of 7, which is a medium-low risk class. This rates the potential losses from future performance at a medium-low level, and poor market conditions are unlikely to impact the Fund's capacity to pay you.
• The actual risk can vary significantly if you cash in at an early stage and you may get back less.
• You may not be able to cash in early. You may have to pay significant extra costs to cash in early.
• Be aware of currency risk. You will receive payments in a different currency than the official currency of the Member State where the Fund is marketed to you, so the final return you will get depends on the exchange rate between the two currencies. The risk is not considered in the indicator shown above.

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Synthetic Risk and Reward Indicator

Interest Form

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