About GSHSX
Goldman Sachs High Yield Fund Service Shares is a mutual fund specializing in high yield, fixed income securities, commonly referred to as "junk bonds." Its primary objective is to generate a high level of current income by investing at least 80% of its net assets, plus any borrowings for investment purposes, in non-investment grade, high-yield bonds. These bonds are typically rated below investment grade (BB or lower by major agencies such as Standard & Poor's or Moody's), making them riskier than higher-quality bonds but offering potentially higher yields to compensate for this increased credit risk.
The fund focuses largely on U.S. high-income debt securities, with the portfolio often comprising a mix of domestic and a smaller portion of non-U.S. bonds, as well as some allocations to cash and preferred securities. The portfolio management team employs a disciplined and repeatable investment process, assessing credit quality, industry trends, and issuer fundamentals to manage risk and seek attractive income opportunities.
The Goldman Sachs High Yield Fund plays a significant role for investors seeking to enhance income potential within their fixed income allocation, while accepting higher volatility and credit risk characteristic of high yield sectors. Managed by Goldman Sachs Asset Management since its inception in 1997, it is a prominent option in the high yield bond fund category.
Fund Family Goldman Sachs
Category High Yield Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol GSHSX
Share Class Service
Index Bloomberg US High Yield 2% Issuer Cap TR
GSHSX had a total return of 7.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.53%.
