NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management announced today that it is launching a new R6 retirement share class across 54 mutual funds, highlighting GSAM’s commitment to serving the needs of retirement investors.
The new Class R6 shares offer retirement clients a cost-effective investment vehicle with a lower expense ratio than GSAM’s current Institutional (I) share class. Class R6 shares are generally available only to certain types of employee benefit plans. The R6 shares will not pay any form of intermediary compensation, which includes 12b-1 and/or distribution, service, sub-TA or any other fees. Like GSAM’s Class IR and Class R shares, they are not sold directly to the public.
“Goldman Sachs Asset Management’s new R6 retirement share class offers institutional pricing within a registered investment vehicle, two increasingly important considerations when structuring investment menus for defined contribution plans,” said Greg Wilson, Head of DCIO Sales for third party distribution at GSAM.
“Cost and transparency are top of mind today for GSAM’s retirement clients and we have structured our new Class R6 shares to better align with those goals, underscoring our commitment to meeting the needs of today’s retirement investors,” Wilson added.
The initial launch will include 49 funds available for purchase on July 31, 2015. The remaining funds will be launched later in the year.
Neither GSAM, the funds’ distributor, nor its affiliates make payments to authorized financial institutions to promote the sale, distribution, and/or servicing of Class R6 shares.
About Goldman Sachs Asset Management
Goldman Sachs Asset Management is one of the world’s leading investment managers with over $1 trillion in assets under supervision1. GSAM provides institutional and individual investors with investment and advisory solutions, and strategies spanning asset classes, industries, and geographies. Our retirement division partners with advisers to deliver thoughtful, dependable solutions designed to help participants achieve financially secure retirements. We manage over $76 billion in defined contribution assets across a range of retirement plans and market segments.
1 Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion. AUS as of 6/30/2015
Disclosures:
A summary prospectus, if available, or a Prospectus for the Goldman Sachs Funds containing more information may be obtained from your authorized dealer or from Goldman, Sachs & Co. by calling (retail - 1-800-526-7384) (institutional – 1-800-621-2550). Please consider a fund's objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing. The summary prospectus, if available, and the Prospectus contains this and other information about the Fund.
Goldman, Sachs & Co. is the distributor of the Goldman Sachs Funds.
For additional information, please visit the Funds’ website at www.GSAMFUNDS.com/
Compliance Code: 167429.MF.MED.OTU
Date of First Use: July
29, 2015