On September 9, 2019, Goldman Sachs and Drexel Hamilton announced the launch of the Drexel Hamilton share class of the GS Financial Square Government Money Market Fund and GS Financial Square Prime Obligations Money Market Fund (VETXX & VTNXX).
Why Select Goldman Sachs Drexel Hamilton share classes?
These share classes achieve the benefits of Sustainability and Impact investing. The funds generate competitive financial returns and create positive social impact for Drexel Hamilton’s mission of training and employing disabled veterans.
- Military Veteran Inclusion with Tier 1 Performance.
- Achieves Environmental Social Governance (ESG) and Corporate
Social Responsibility (CSR) goals.
- Fits Investment Policies, AUM & Yields.
- Portal Accessible.
- Liquid, T+0 Wires.
- Diversity Creates Better Results.
“Our money market fund share classes capture competitive yields. Investing in our suite of products helps drive employment opportunities for our military veterans and support for our military veteran communities.”.
– John Martinko, President & Managing Partner Drexel Hamilton.
Share classes are available in the following funds:
|GS Financial Square Government Fund||GS Financial Square Prime Obligations Fund|
|Investor Type||Retail / Institutional||Institutional|
|NAV / Liq Fee / Redemption Gate||Stable NAV / No Liquidity Fees / No Redemption Gates||Floating / Yes / Yes
|Ticker – Institutional / Class I||VETXX||VTNXX|
|Eligible Investments||US Treasuries, Agencies, Repurchase Agreements||US Treasuries, Agencies, Repurchase Agreements, Commercial Paper, Certificates of Deposit, Municipal Obligations|
|Expense Ratio (net/gross) –|
Institutional / Class I
Additional information can be found at http://gsamfunds.com/drexel
Fixed income investing entails credit risk and interest rate risk. When interest rates rise, bond prices generally fall.
All investing involves risk. You could lose money by investing in a money market fund. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Money market funds are not subject to credit risk, but will have interest rate risk. Institutional money market funds may have floating net asset values, and will fluctuate depending on market conditions. The Fund’s sponsor has no legal obligation to provide financial support to a money market portfolio, and you should not expect that the sponsor will provide financial support to the money market portfolio at any time.
THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.
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This material is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment strategies depend upon the client’s investment objectives.
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This material has not been delivered for registration to the Registrar of Companies in Hong Kong nor has its content been reviewed by any regulatory authority in Hong Kong. Accordingly, unless permitted by the securities laws of Hong Kong, (i) no person may issue or cause to be issued this material in Hong Kong, other than to persons who are “professional investors” within the meaning of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and any rules made thereunder or in circumstances which do not constitute an offer or sale of shares in the fund(s) mentioned to the public in Hong Kong for the purposes of the prospectus requirements of the Companies Ordinance (Cap. 32 of the Laws of Hong Kong); and (ii) no person may issue or have in its possession for the purposes of issue, this material, or any advertisement, invitation or document relating to the shares in the fund(s) mentioned, whether in Hong Kong or elsewhere, which is directed at, or the contents of which are likely to be accessed by, the public in Hong Kong, other than with respect to the shares in the fund(s) mentioned which are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and any rules made thereunder.
This document has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this document and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of shares may not be circulated or distributed, nor may shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to the public or any member of the public in Singapore other than (i) to an institutional investor specified in section 304 of the Securities and Futures Act, Chapter 289 of Singapore (“SFA”) or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.
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