About GAEPX
Goldman Sachs Enhanced Income Fund Class P is an ultra-short duration bond mutual fund designed to provide incremental income over traditional cash and money market vehicles while emphasizing preservation of capital and liquidity. The fund invests across high-quality, short-maturity fixed income sectors, including corporate notes, asset-backed and other securitized instruments, and U.S. government securities, targeting limited interest rate sensitivity consistent with its ultrashort profile. It is managed with a focus on maintaining a low effective duration, seeking to balance yield enhancement with tight risk controls and robust credit selection. The strategy’s fee structure for this share class is positioned in line with its category, reflecting expense management arrangements disclosed in the fund’s summary prospectus. Within the ultrashort bond category, the fund serves institutional and individual investors seeking a cash-plus role in portfolios, potential diversification of liquidity reserves, and a vehicle to manage short-term cash flows without taking on intermediate-term rate risk. Morningstar identifies its category as Ultrashort Bond with medium credit quality and limited interest rate sensitivity, aligning with its objective of enhanced income with capital stability.
Fund Family Goldman Sachs
Category Ultrashort Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol GAEPX
Share Class Class P Shares
Index ICE BofA 1 Year T-Bill TR
GAEPX had a total return of 4.22% in the past year, including dividends.
Since the fund's inception, the average annual return has been 2.76%.
