Goldman Sachs Commodity Enhanced - I Cap USD

The fund aims to provide diversified exposure to commodity sectors such as Energy, Agriculture, Industrial Metal, Precious Metals, and Live Cattle. It uses active management with deviation limits maintained relative to the benchmark in order to beat the performance of the benchmark Bloomberg Commodity (TR) over a period of several years.

The fund's exposure includes investments into securities that are not part of the benchmark universe, with positions in individual commodities approximately equal to those of the benchmark. The fund aims to minimize "roll" loss, benefit from holding futures contracts earlier than passive products, and capitalize on relative price differences of certain commodities in the same value chain. The positions are determined by a mathematical model built along two factors Carry and Flow.

The fund is categorized as high risk due to the behavior of the product during the measuring period. Market risk is considered high, impacted by various factors including financial market development, economic conditions of issuers, and global economic and political conditions. Liquidity risk is set to medium, and investments in a specific theme are more concentrated, with no guarantee provided for the recovery of the initial investment. VaR (Value at Risk) is used as a statistical indicator to measure the maximum annual loss within a certain confidence interval.

https://am.gs.com/en-se/advisors/funds/detail/PV104695/LU0518135537/goldman-sachs-commodity-enhanced