About GSAUX
The Goldman Sachs Short Duration High Yield Fund Class A is a mutual fund designed to pursue 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 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 loans, second lien loans, convertible securities, collateralized loan obligations, and derivatives like credit default swaps, targeting a duration approximating the Bloomberg US High Yield Ba/B 1-5 Year Total Return USD index. Security selection employs bottom-up fundamental research combined with quantitative analysis and market trend evaluation, spanning U.S. dollar and foreign-denominated assets across various sectors. Notable features include a relatively low portfolio turnover rate of around 22-56% and exposure to higher-yielding, lower-quality credits that carry elevated credit, liquidity, and market risks. In the financial markets, this fund serves investors seeking enhanced income potential from short-term high yield bonds while aiming to mitigate duration-related volatility.
Fund Family Goldman Sachs
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol GSAUX
Share Class Class A Shares
Index ICE BofA US 3-Month T Bill TR IX
GSAUX had a total return of 3.91% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.67%.
