About GMUPX
The Goldman Sachs Short Duration High Yield Fund Class P Shares is a mutual fund that seeks total return through a high level of current income and capital appreciation. It primarily invests at least 80% of its net assets in non-investment grade, high yield fixed income securities, commonly known as junk bonds, with a focus on short-duration instruments to limit interest rate sensitivity. The fund's portfolio includes fixed rate and floating rate securities, senior and second lien loans, convertible securities, collateralized loan obligations, bank and corporate debt, preferred securities, structured products like credit-linked notes, and distressed securities. It may also employ derivatives such as credit default swaps and invest in exchange-traded funds for exposure. Targeting a duration approximating the Bloomberg US High Yield Ba/B 1-5 Year Total Return USD index, the fund uses bottom-up analysis incorporating fundamental research, market trends, quantitative models, and event-driven opportunities. With holdings across diverse issuers in sectors like telecommunications, automotive, and construction, it plays a key role in providing income-oriented exposure to the high yield bond market while aiming to mitigate duration risk through its short-term focus.
Fund Family Goldman Sachs
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol GMUPX
Share Class Class P Shares
Index ICE BofA US 3-Month T Bill TR IX
GMUPX had a total return of 4.26% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.73%.
