NEW YORK, NY August 3, 2015 – 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.
