About GSAVX
The Goldman Sachs Short Duration High Yield Fund Class C is a mutual fund that primarily invests in high yield, fixed income securities with short durations, focusing on non-investment grade bonds typically maturing within 1 to 5 years. Its core purpose is to seek high current income while aiming to limit interest rate risk through an average effective duration of approximately 2.19 years and average maturity of 3.14 years. The fund holds a diversified portfolio of around 610 issues, featuring bonds from sectors such as energy, media, healthcare, finance, and technology, including issuers like Goldman Sachs Group, Compass Minerals, and WarnerMedia Holdings. With an average yield to maturity of 8.24% and monthly dividend distributions, it targets investors interested in income generation from below-investment-grade debt. Class C shares carry a net expense ratio of about 1.39%, reflecting operational costs without fee waivers impacting yields. Managed by Goldman Sachs Asset Management, this fund plays a key role in the short-duration high yield category, offering exposure to corporate bonds rated BB-B with reduced sensitivity to rate fluctuations compared to longer-term high yield strategies.
Fund Family Goldman Sachs
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol GSAVX
Share Class Class C Shares
Index ICE BofA US 3-Month T Bill TR IX
GSAVX had a total return of 3.27% in the past year, including dividends.
Since the fund's inception, the average annual return has been 1.95%.
