About GSHAX
Goldman Sachs High Yield Fund Class A is a mutual fund in the high yield bond category, designed to deliver a high level of current income with secondary consideration for capital appreciation. It invests at least 80% of its net assets, plus any borrowings for investment purposes, in non-investment grade fixed income securities, commonly known as high-yield or junk bonds, which offer higher yields but carry greater credit risk. The portfolio emphasizes corporate bonds at around 76%, supplemented by swaps, government-related securities, bank loans, and cash equivalents, with top holdings including credit default swaps and U.S. Treasury futures for risk management. Notable features include a net expense ratio of 0.98%, a front-load share class structure with a maximum sales charge, an effective duration of about 2.99 years indicating low interest rate sensitivity, and a TTM yield of approximately 6.35%. Managing approximately $2.4 billion in assets since its inception in 1997, the fund plays a key role in the high yield bond market by providing income-oriented exposure to lower-quality debt from diverse sectors like automotive, retail, and metals/mining, while navigating economic cycles through active management.
Fund Family Goldman Sachs
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol GSHAX
Share Class Class A
Index Bloomberg US High Yield 2% Issuer Cap TR
GSHAX had a total return of 7.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.17%.
