SVPBX

About SVPBX

Goldman Sachs Strategic Volatility Premium Fund Class P Shares is an open‑end mutual fund designed to deliver long‑term total return by combining short‑duration U.S. Treasuries with a systematic options overlay. Its core portfolio primarily holds fixed and floating rate U.S. Treasury bills, notes, and floating‑rate bonds with remaining maturities of one to five years, providing a high‑quality, interest rate–sensitive anchor. The fund’s proprietary “Strategic Volatility Premium” overlay seeks to enhance returns by selling options and using related derivatives—such as index futures, options on indexes, and volatility index derivatives—to harvest option premiums and target a volatility risk premium over time, while also using futures to equitize cash and manage exposures. This structure positions the fund as a complement to traditional fixed income allocations, aiming to add a differentiated return source tied to option premia rather than credit spread risk. Managed within Goldman Sachs Asset Management’s broader factor framework, the strategy emphasizes systematic drivers of returns that can behave differently across market regimes, with portfolio turnover reported as minimal outside of derivatives activity.