About GDIRX
Goldman Sachs Short Duration Tax-Free Fund is a mutual fund that seeks a high level of current income exempt from regular federal income tax, while maintaining relatively low volatility of principal. It invests at least 80% of its net assets in municipal securities issued by U.S. states, territories, and political subdivisions, focusing on short-duration bonds to minimize interest rate sensitivity. The fund's duration typically approximates that of the Bloomberg Municipal Bond 1-3 Year Blend Index, plus or minus 0.5 years, emphasizing investment-grade securities with limited exposure to private activity bonds, which may be subject to the federal alternative minimum tax. All holdings are U.S. dollar-denominated, spanning sectors such as state general obligations, hospitals, corporate-backed munis, electric utilities, and sales tax revenues. Available in multiple share classes including Institutional, Service, Investor, and Class R6, it caters to a range of investors seeking tax-efficient, low-volatility fixed income exposure in the municipal bond market. Managed by Goldman Sachs Asset Management, the fund plays a key role in providing stable, tax-advantaged income solutions within short-term municipal strategies.
Fund Family Goldman Sachs
Category Muni National Short
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol GDIRX
Share Class Investor Shares
Index Index is not available on Lipper Database
GDIRX had a total return of 0.95% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.66%.
