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Trending ETFs

Goldman Sachs Short Duration High Yield Fund

mutual fund
GSAUX
Payout Change
Pending
Price as of:
$8.04 -0.01 -0.12%
primary theme
Bond Sector Diversified
share class
A (GSAUX) C (GSAVX) P (GMUPX) Investor (GSAYX) R6 (GSSAX) Instl (GSAWX)
GSAUX (Mutual Fund)

Goldman Sachs Short Duration High Yield Fund

Payout Change
Pending
Price as of:
$8.04 -0.01 -0.12%
primary theme
Bond Sector Diversified
share class
A (GSAUX) C (GSAVX) P (GMUPX) Investor (GSAYX) R6 (GSSAX) Instl (GSAWX)
GSAUX (Mutual Fund)

Goldman Sachs Short Duration High Yield Fund

Payout Change
Pending
Price as of:
$8.04 -0.01 -0.12%
primary theme
Bond Sector Diversified
share class
A (GSAUX) C (GSAVX) P (GMUPX) Investor (GSAYX) R6 (GSSAX) Instl (GSAWX)

Name

As of 12/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Short Duration High Yield Fund

GSAUX | Fund

$8.04

$45.1 M

5.40%

$0.43

1.77%

Vitals

YTD Return

6.9%

1 yr return

8.5%

3 Yr Avg Return

2.2%

5 Yr Avg Return

3.0%

Net Assets

$45.1 M

Holdings in Top 10

10.4%

52 WEEK LOW AND HIGH

$8.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.77%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Short Duration High Yield Fund

GSAUX | Fund

$8.04

$45.1 M

5.40%

$0.43

1.77%

GSAUX - Profile

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.14%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Short Duration High Yield Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Apr 30, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ashish Shah

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in high-yield, fixed income securities that, at the time of purchase, are non-investment grade securities. Non-investment grade securities are securities rated BB+, Ba1 or below by a nationally recognized statistical rating organization (“NRSRO”), or, if unrated, determined by the Investment Adviser to be of comparable credit quality, and are commonly referred to as “junk bonds.”The Fund may invest in all types of fixed income securities including, without limitation, the following: (i) fixed rate and floating rate income securities; (ii) loans and loan participations including: (a) senior secured floating rate and fixed rate loans or debt (“Senior Loans”), (b) second lien or other subordinated or unsecured floating rate and fixed rate loans or debt (“Second Lien Loans”) and (c) other types of secured or unsecured loans with fixed, floating, or variable interest rates; (iii) convertible securities; (iv) collateralized debt, bond and loan obligations; (v) bank and corporate debt obligations; (vi) preferred securities and trust preferred securities; (vii) structured securities, including credit-linked notes; and/or (viii) listed and unlisted, public and private, rated and unrated debt instruments and other obligations, including those of financially troubled companies (sometimes known as “distressed securities” or “defaulted securities”).The Fund may invest in fixed income instruments and obligations directly, or indirectly by investing in derivative or synthetic instruments, including, without limitation, credit default swaps (including credit default swaps on credit related indices) and loan credit default swaps. Derivatives or synthetic instruments that provide exposure to high yield, non-investment grade fixed income securities are counted towards the Fund’s 80% policy. The Fund may also seek to obtain exposure to fixed income investments through investments in affiliated or unaffiliated investment companies, including exchange-traded funds (“ETFs”).The Fund may invest in U.S. dollar denominated as well as non-U.S. dollar denominated (foreign) securities. The Fund may also hold cash, and/or invest in cash equivalents. The Fund’s target duration range under normal interest rate conditions is expected to approximate that of the Bloomberg US High Yield Ba/B 1-5 Year Total Return USD Index, plus or minus 2 years, and over the last five years ended June 30, 2024, the duration of this index has ranged between 1.6 and 2.7 years. “Duration” is a measure of a debt security’s price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price to changes in interest rates. For example, if market interest rates increase by 1%, the market price of a debt security with a positive duration of 3 years will generally decrease by approximately 3%. Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that security’s market price.The Fund’s investments are selected using a bottom-up analysis that incorporates fundamental research, a focus on market conditions and pricing trends, quantitative research, and news or market events. As part of the Investment Adviser’s fundamental investment process, the Investment Adviser may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors. The selection of individual investments is based on the overall risk and return profile of the investment taking into account liquidity, structural complexity, cash flow uncertainty and downside potential. Research analysts and portfolio managers systematically assess portfolio positions, taking into consideration, among other factors, broader macroeconomic conditions and industry and company-specific financial performance and outlook. Based upon this analysis, the Investment Adviser will sell positions determined to be overvalued and reposition the portfolio in more attractive investment opportunities on a relative basis given the current climate. No one factor or consideration is determinative in the fundamental investment process.The Investment Adviser measures the Fund’s performance against the Bloomberg US High Yield Ba/B 1-5 Year Total Return USD Index.
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GSAUX - Performance

Return Ranking - Trailing

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -11.1% 18.9% 48.45%
1 Yr 8.5% -9.2% 20.8% 41.49%
3 Yr 2.2%* -16.9% 16.8% 37.46%
5 Yr 3.0%* -14.7% 13.4% 33.04%
10 Yr 2.5%* -7.0% 7.1% 64.03%

* Annualized

Return Ranking - Calendar

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -12.0% 8.9% 31.22%
2022 -13.6% -31.8% 18.4% 57.05%
2021 -1.2% -16.2% 25.7% 42.62%
2020 3.0% -31.1% 18.7% 35.65%
2019 3.2% -6.1% 15.3% 70.71%

Total Return Ranking - Trailing

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% -11.1% 18.9% 48.45%
1 Yr 8.5% -9.2% 20.8% 41.49%
3 Yr 2.2%* -16.9% 16.8% 37.46%
5 Yr 3.0%* -14.7% 13.4% 33.04%
10 Yr 2.5%* -7.0% 7.1% 64.03%

* Annualized

Total Return Ranking - Calendar

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -6.9% 22.2% 20.40%
2022 -8.9% -31.8% 21.1% 50.40%
2021 2.5% -13.5% 49.9% 46.89%
2020 6.6% -28.6% 24.1% 38.15%
2019 7.9% -4.8% 19.1% 58.96%

NAV & Total Return History

GSAUX - Holdings

Concentration Analysis

GSAUX Category Low Category High GSAUX % Rank
Net Assets 45.1 M 2.63 M 143 B 93.31%
Number of Holdings 316 4 9638 63.49%
Net Assets in Top 10 4.76 M -204 M 89.4 B 98.28%
Weighting of Top 10 10.37% 5.8% 265.8% 89.94%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 2.74%
  2. CCO Holdings LLC / CCO Holdings Capital Corp 1.11%
  3. APi Group DE Inc 0.97%
  4. CCO Holdings LLC / CCO Holdings Capital Corp 0.93%
  5. Venture Global LNG Inc 0.93%
  6. Hillenbrand Inc 0.78%
  7. Ingevity Corp 0.78%
  8. Penske Automotive Group Inc 0.73%
  9. Kinetik Holdings LP 0.72%
  10. TransDigm Inc 0.69%

Asset Allocation

Weighting Return Low Return High GSAUX % Rank
Bonds 		94.38% 0.00% 199.60% 36.19%
Stocks 		2.96% -6.18% 99.68% 25.12%
Cash 		2.61% -94.66% 99.97% 59.91%
Convertible Bonds 		0.33% 0.00% 33.50% 71.63%
Other 		0.05% -75.22% 147.15% 73.17%
Preferred Stocks 		0.00% 0.00% 21.58% 52.26%

Stock Sector Breakdown

Weighting Return Low Return High GSAUX % Rank
Energy 		100.00% 0.00% 100.00% 0.29%
Utilities 		0.00% 0.00% 100.00% 52.46%
Technology 		0.00% 0.00% 28.30% 40.29%
Real Estate 		0.00% 0.00% 100.00% 48.41%
Industrials 		0.00% 0.00% 100.00% 56.23%
Healthcare 		0.00% 0.00% 18.60% 41.45%
Financial Services 		0.00% 0.00% 100.00% 57.68%
Communication Services 		0.00% 0.00% 100.00% 48.12%
Consumer Defense 		0.00% 0.00% 99.97% 42.03%
Consumer Cyclical 		0.00% 0.00% 89.95% 51.88%
Basic Materials 		0.00% 0.00% 100.00% 43.77%

Stock Geographic Breakdown

Weighting Return Low Return High GSAUX % Rank
US 		2.96% -6.18% 99.68% 24.34%
Non US 		0.00% -0.30% 17.73% 28.39%

Bond Sector Breakdown

Weighting Return Low Return High GSAUX % Rank
Corporate 		73.09% 0.00% 96.66% 7.25%
Government 		2.04% 0.00% 99.43% 75.85%
Derivative 		0.05% -75.22% 147.15% 38.97%
Cash & Equivalents 		0.00% 0.00% 94.89% 92.18%
Securitized 		0.00% 0.00% 99.65% 92.59%
Municipal 		0.00% 0.00% 54.26% 43.80%

Bond Geographic Breakdown

Weighting Return Low Return High GSAUX % Rank
US 		94.02% 0.00% 199.60% 23.56%
Non US 		0.36% 0.00% 74.14% 64.43%

GSAUX - Expenses

Operational Fees

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.77% 0.03% 34.13% 24.57%
Management Fee 0.55% 0.00% 2.29% 32.82%
12b-1 Fee 0.25% 0.00% 1.00% 22.03%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 50.00%
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 632.00% 30.57%

GSAUX - Distributions

Dividend Yield Analysis

GSAUX Category Low Category High GSAUX % Rank
Dividend Yield 5.40% 0.00% 23.30% 30.45%

Dividend Distribution Analysis

GSAUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

GSAUX Category Low Category High GSAUX % Rank
Net Income Ratio 3.14% -1.55% 11.51% 42.95%

Capital Gain Distribution Analysis

GSAUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GSAUX - Fund Manager Analysis

Managers

Ashish Shah

Start Date

Tenure

Tenure Rank

Mar 04, 2019

3.24

3.2%

Mr. Shah is Co-Chief Investment Officer of Global Fixed Income, Global Head of Corporate Credit and Head of the Cross-Sector Strategy within Fixed Income. Mr. Shah joined Goldman Sachs Asset Management, L.P. in 2018. Mr. Shah was previously at AllianceBernstein from 2010 to 2018, where he was most recently the Head of Fixed Income and Chief Investment Officer of Global Credit. Prior to AB, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008-2010). From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers.

Michael McGuiness

Start Date

Tenure

Tenure Rank

Aug 06, 2019

2.82

2.8%

Mr. McGuiness is the Head of Opportunistic Corporate Credit and a portfolio manager within Global Fixed Income. Prior to joining the Investment Adviser in 2015, Mr. McGuiness was a partner and portfolio manager with a focus on credit selection at Taurasi Capital Management, Battleground Capital Management, Ore Hill Partners, and W.R. Huff Asset Management.

Aakash Thombre

Start Date

Tenure

Tenure Rank

Feb 10, 2021

1.3

1.3%

Mr. Thombre is a portfolio manager specializing in multi-sector credit, high yield, bank loan, and emerging market corporate debt. He joined the Goldman Sachs Asset Management in 2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.71 3.19

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