The GIGB issuer,Goldman Sachs Fund Complex, aims to achieve its investment objective by primarily investing in securities included in its underlying index, which is a rules-based index designed to gauge the performance of investment-grade corporate bonds denominated in U.S. dollars meeting specific liquidity and fundamental screening criteria. As of November 30, 2023, the Index comprised 3,070 constituents with a weighted average maturity of 10.74 years and is owned and calculated by FTSE Fixed Income LLC, a trading name of the London Stock Exchange Group plc. The Index, based on the FTSE US Broad Investment-Grade Corporate Index, utilizes methodologies developed with Goldman Sachs Asset Management, L.P. The Fund follows a passive investment approach, aiming to track the Index rather than employing active management strategies. The construction of the Index involves two key steps: defining a universe of potential index constituents based on specified criteria and applying a fundamental screen to select eligible securities. Rebalancing of the Index occurs monthly and quarterly to account for changes in maturities, duration, corporate actions, or ratings migration, and to update constituents based on fundamental factors. The Investment Adviser utilizes a representative sampling strategy, investing in a selection of securities with characteristics similar to those of the Index. Additionally, the Fund may concentrate its investments in particular industries to the extent the Index does, with the composition of sectors or industries within the Index subject to change over time.
GIGB Dividend, as part of the Goldman Sachs Complex, offers investors exposure to a dividend-focused strategy within the fixed income space. The fund seeks to generate income by investing primarily in dividend-paying securities, including but not limited to corporate bonds, with a focus on investment-grade instruments denominated in U.S. dollars. Operating under the same passive investment approach as the broader complex, GIGB Dividend aims to track its underlying index, which is constructed and maintained by FTSE Fixed Income LLC in collaboration with Goldman Sachs Asset Management, L.P. The index methodology involves rigorous screening criteria to select dividend-paying securities that meet specified liquidity and fundamental requirements. GIGB Dividend's investment strategy is designed to provide investors with a consistent stream of income while maintaining a level of risk commensurate with its investment objective.
GIGB Tracking, as a component of the Goldman SachsComplex, is tailored to provide investors with exposure to a diversified portfolio of investment-grade corporate bonds denominated in U.S. dollars while aiming to closely replicate the performance of its benchmark index. Employing a passive investment strategy, GIGB Tracking invests at least 80% of its assets in securities included in its underlying index, which is meticulously crafted and managed by FTSE Fixed Income LLC in conjunction with Goldman Sachs Asset Management, L.P. The index selection process involves stringent criteria, focusing on liquidity and fundamental screening, to ensure representation of high-quality corporate bonds within the portfolio. GIGB Tracking adopts a disciplined approach to tracking its benchmark, undergoing regular rebalancing to account for changes in maturities, duration, and constituent securities, thus offering investors a reliable means to participate in the investment-grade corporate bond market.
GIGB Correlation, forming an integral part of the Goldman Sachs Complex, is specifically designed to provide investors with exposure to a diversified portfolio of investment-grade corporate bonds denominated in U.S. dollars while closely correlating with its benchmark index. Operating under a passive investment strategy, GIGB Correlation invests a minimum of 80% of its assets in securities included in its underlying index, meticulously constructed and managed by FTSE Fixed Income LLC in collaboration with Goldman Sachs Asset Management, L.P. The fund aims to replicate the performance of its benchmark index by closely tracking its movements over time. This disciplined approach involves regular rebalancing to ensure alignment with changes in constituent securities, maturities, and duration, thereby offering investors a means to participate in the investment-grade corporate bond market while maintaining a high level of correlation with the index.
GIGB Sector, as an integral component of the Goldman SachsComplex, is tailored to provide investors with exposure to specific sectors or industries within the investment-grade corporate bond market. This fund seeks to achieve its investment objective by investing in a diversified portfolio of corporate bonds denominated in U.S. dollars, focusing on sectors or industries that exhibit favorable growth prospects and stability. Utilizing a passive investment strategy, GIGB Sector aims to closely track the performance of its benchmark index, meticulously crafted and managed by FTSE Fixed Income LLC in collaboration with Goldman Sachs Asset Management, L.P. The fund's investment approach involves selecting securities from targeted sectors or industries that meet specified liquidity and fundamental screening criteria, thereby offering investors an opportunity to capitalize on the potential growth and stability within specific sectors while maintaining exposure to the broader investment-grade corporate bond market.
GIGB Exposure, a fundamental element of the Goldman Sachs Complex, is strategically designed to provide investors with broad exposure to the investment-grade corporate bond market. The fund aims to achieve its investment objective by investing in a diverse portfolio of corporate bonds denominated in U.S. dollars, encompassing various industries and issuers. Employing a passive investment strategy, GIGB Exposure tracks its benchmark index meticulously crafted and managed by FTSE Fixed Income LLC in collaboration with Goldman Sachs Asset Management, L.P. By investing in securities included in its underlying index, the fund aims to closely replicate the performance of the broader investment-grade corporate bond market while offering investors a convenient and efficient means to gain exposure to this segment of the fixed income market. Through its disciplined approach and diversified portfolio, GIGB Exposure provides investors with the opportunity to participate in the potential returns and benefits offered by investment-grade corporate bonds.
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