Transcript Diapositive 1 - Goldman Sachs

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Goldman Sachs US Equity Portfolio
Rating™[1]
A sub-fund of Goldman Sachs Funds, SICAV

The Portfolio seeks to provide capital growth
over the longer term. For full investment
objective and policy details see the
Prospectus.
Past performance does not guarantee future results, which
may vary. The data is based on performance net of ongoing fees
at sub-fund level, assuming the reinvestment of all distributions.
Shareholders may incur additional costs for purchasing, holding or
selling the shares as disclosed in the fund’s prospectus (e.g. sales
charges, custody fees) which may reduce returns and are not
reflected in the performance data provided.
Calendar Year Performance (%)
Fund (USD)
Index
2010
11.2
14.4

Performance (%)
Investment Objective
2011
-5.7
1.5
Industry Allocation (%)
2012
15.2
15.2
2013
32.5
31.5
2014
12.4
13.0
Performance Summary (%)
Cumulative
31-May-10 - 31-May-11 - 31-May-12 - 31-May-13 - 31-May-14 31-May-11 31-May-12 31-May-13 31-May-14 31-May-15
Fund (USD)
Index
Morningstar
Sector av.
Morningstar
Quartile
0515
Overall Morningstar
20.3
25.2
-6.6
-1.1
28.7
26.4
16.8
19.7
11.1
11.1
28.1
-3.8
22.6
19.5
12.3
4
4
1
4
3
Fund Data
No. of holdings
% in top 10
Turnover ratio (%)
Historical Volatility Portfolio - 3 yrs
R 2- 3 yrs
Beta - 3 yrs
Excess returns - 3 yrs
Historical Tracking error - 3 yrs
56
33
44
9.07
0.89
1.03
-0.26
3.04
Fund Facts
ISIN - Base Shares Distribution
LU0234587219
ISIN - OCS (Acc.) (EUR-Hdgd)
LU0433926036
ISIN - Base Shares (Acc.)
LU0234588027
Bloomberg Ticker - Base Shares Distribution
GSUSBBA LX
GSUSEEH LX
Bloomberg Ticker - OCS (Acc.) (EUR-Hdgd)
Bloomberg Ticker - Base Shares (Acc.)
GSUBEBA LX
Dealing and valuation
Daily
30 November
Reporting year end
S&P 500 Net Return (USD)
Reference Benchmark
GSAM Int., US Equity Team
Fund manager
Settlement
T+3
EU Savings Directive
Not In Scope
Fund Company
Goldman Sachs Funds, SICAV
Initial Sales Charge - up-to (%)
5.5
Management Fee (%)
1.50
Performance Fee (%)
0.00
Total Expense Ratio (%)(7)
1.80
Base Shares Distribution(4)
S&P 500 Net Return (USD) (5)
US Large-Cap Growth Equity Sector av. (6)
Quartile Position in Sector (6)
OCS (Acc.) (EUR-Hdgd)(4)
S&P 500 (NTR, 100% Hgd to EUR) (5)
Base Shares (Acc.)(4)
Since Launch
93.60
90.50
75.67
1
114.90
140.64
93.20
1 Mth
-0.15
1.21
1.32
4
-0.14
1.19
-0.16
Financial Information(2)
Net Asset Value (NAV ) - Base Shares
3 Mths
0.41
0.49
0.61
3
0.23
0.33
0.36
Annualised
YTD
1.73
2.97
4.34
4
1.51
2.55
1.68
1 Yr
11.14
11.13
12.30
3
11.12
10.56
11.16
3 Yrs
18.65
18.92
18.07
2
18.27
18.35
18.64
5 Yrs
13.40
15.80
14.83
3
12.90
14.87
13.40
Performance (Indexed)
Distribution(3)
USD 19.36
Net Asset Value (NAV) - OCS (Acc.) (EUR-Hdgd)(3)
EUR 21.49
Net Asset Value (NAV) - Base Shares (Acc.)(3)
Total Net Assets (m)
USD 19.32
USD 3,148
Fund Characteristics
Currency - Base Shares Distribution
Currency - OCS (Acc.) (EUR-Hdgd)
Currency - Base Shares (Acc.)
Inception Date - Base Shares Distribution
Inception Date - OCS (Acc.) (EUR-Hdgd)
Inception Date - Base Shares (Acc.)
Fund Domicile
USD
EUR
USD
03-Feb-06
17-Jun-09
03-Feb-06
Luxembourg
This is an actively managed fund that is not designed to track its
reference benchmark. Therefore the performance of the fund and the
performance of its reference benchmark may diverge. In addition
stated reference benchmark returns do not reflect any management or
other charges to the fund, whereas stated returns of the fund do.
Top 10 Holdings(8)
Security
Apple Inc.
General Electric Co.
JPMorgan Chase & Co.
Bank of America Corp.
Devon Energy Corp.
Microsoft Corp.
Google Inc.
Nike, Inc.
Mylan NV
Prudential Financial, Inc.
%
4.8
4.3
4.1
3.2
3.0
2.9
2.9
2.7
2.7
2.6
Country
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
Activity
Technology Hardware & Equipment
Capital Goods
Diversified Financials
Diversified Financials
Energy
Software & Services
Software & Services
Consumer Durables & Apparel
Pharmaceuticals, Biotechnology & Life Sciences
Insurance
Please see Additional Notes. All performance and holdings data as at 31-May-15.
(1) More information about the Overall Morningstar Rating and its calculation can be found on the following website: www.morningstar.com. (2) Please note that the Goldman Sachs US Equity Portfolio currently operates with income equalisation. The current income equalisation figures for the Goldman Sachs US Equity Portfolio are available on request
from our Shareholder Services team on +44 20 7774 6366 (email: [email protected]). Investors may want to discuss with their tax adviser the impact, if any, of income equalisation on them. (3) The Net Asset Value represents the net assets of the Portfolio (ex-dividend) divided by the total number of shares. (4) Portfolio returns are shown net of applicable
ongoing fees within the portfolio, with dividends re-invested using the ex-dividend NAV. These returns are for comparison of performance against specified index. As the investor may be liable to other fees, charges and taxes, they are notmeant to provide a measure of actual return to investors. The performance data do not take account of the
commissions and costs incurred on the issue and redemption of shares. (5) The S&P 500 Net Return Index, is quoted at month-end with income reinvested and, in contrast to the Portfolio, shown without the deduction of any expenses. (6) The Morningstar sector average figures are calculated using all open funds available in the universe at the indicated
time period. The number of funds in a Morningstar sector varies over time as new funds are launched and funds close. Therefore the number of funds in a Morningstar sector at a portfolios launch may be less, or may be more, over shorter time periods. Source: Morningstar.© 2015 Morningstar, Inc. All Rights Reserved. The information contained
herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of
future results. (7) Included in the calculation of the Total Expense Ratio (TER) are the fees of the Investment Adviser, the Distributor and certain ongoing expenses as described in further detail in the KIID. Dealing commissions and market costs will, however, not be included in the calculation of the TER. The TER of the “B” Shares will also include a
Contingent Deferred Sales Charge (CDSC) as described in the Prospectus. (8) Portfolio holdings may not represent current, future investments or all of the portfolio's holdings. Future portfolio holdings may not be profitable.
For RHBIM’s Use Only and Not For Distribution To The General Public.
Please note that Goldman Sachs Asset Management does not maintain any licenses, authorizations or registrations in Asia ex Japan, except that it conducts businesses (subject to applicable local regulations) in and from the following jurisdictions: Hong Kong, Singapore, Malaysia, Korea, and India
Goldman Sachs (Malaysia) Sdn Bhd is licensed in Malaysia to undertake the regulated activity of fund management. Goldman Sachs has no GSAM funds registered in Malaysia and securities may not be offered or sold in Malaysia unless it comes within the ambit of its licensed activities in Malaysia.