About GSSAX
Goldman Sachs Short Duration High Yield Fund Class R6 is a mutual fund that invests primarily in short-duration high yield bonds to seek high current income while managing interest rate risk. It targets below-investment-grade debt securities, typically with maturities of 1 to 5 years, focusing on corporate bonds rated BB to B from issuers across diverse sectors such as telecommunications, energy, consumer services, media, and financials. Notable portfolio characteristics include an average effective duration of approximately 2.57 years, average maturity of 2.95 years, and an average yield to maturity around 7.84%, supported by a diversified holding of about 679 issues. Launched with assets under management reaching significant scale, it features a low net expense ratio of 0.37% and monthly dividend distributions, positioning it as a vehicle for income-oriented investors in the high yield fixed income market. Top holdings often include instruments from companies like CCO Holdings, APi Group, and Ingevity Corporation, alongside government futures and cash equivalents for liquidity. This fund plays a key role in providing enhanced yield potential with moderated duration exposure within the broader high yield bond category.
Fund Family Goldman Sachs
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol GSSAX
Share Class Class R6 Shares
Index ICE BofA US 3-Month T Bill TR IX
GSSAX had a total return of 5.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.66%.
