Summary
- The GS US ED&P Fund returned 7.94% (I-share, net) over the second quarter of 2025, underperforming the S&P 500 by 300 basis points (bps).
- Market sentiment was primarily shaped by the uncertainty surrounding tariff policy causing significant volatility at the beginning of the quarter.
- In exuberant markets, the strategy can detract from performance given that some of the Fund’s upside has been sold.
- Overall, the equity market return over the quarter led the Fund’s outstanding exposure to call options to contribute negatively to performance.
Fund Overview
The Goldman Sachs US Equity Dividend and Premium Fund (“GS US ED&P Fund”) seeks to maximize income and total return. Additionally, the Fund aims to generate outperformance in uncertain markets.
The GS
Select quarterly mutual fund commentaries.
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