About GSHTX
Goldman Sachs High Yield Fund Investor Shares is a mutual fund designed to deliver a high level of current income, with secondary consideration for capital appreciation. It primarily invests at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield, fixed-income securities rated non-investment grade at purchase, commonly known as junk bonds. These holdings span corporate bonds, swaps, government-related securities, bank loans, and cash equivalents, with a diversified portfolio of around 640-680 securities across various maturities and sectors like aerospace, energy, and communications. Notable features include a net expense ratio of approximately 0.73-0.74%, monthly dividend payouts yielding around 6%, and total assets under management exceeding $2.4 billion. Inception in November 2007, it benchmarks against the Bloomberg US High Yield 2% Issuer Cap TR Index and exhibits above-average risk due to its focus on lower-quality bonds vulnerable to credit and economic pressures. In the high yield bond category, it plays a key role for income-oriented investors seeking elevated returns from speculative debt markets.
Fund Family Goldman Sachs
Category High Yield Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol GSHTX
Share Class Investor Shares
Index Bloomberg US High Yield 2% Issuer Cap TR
GSHTX had a total return of 4.33% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.12%.
