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
Performance Rating Below Average
Risk Rating Above Average
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 1.39% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.46%.
