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Goldman Sachs High Yield Fund
mutual fund
GSHUX
Payout Change
Pending
Price as of:
$5.71
+0.0
+0.0%
primary theme
High Yield Bond
GSHUX (Mutual Fund)
Goldman Sachs High Yield Fund
Payout Change
Pending
Price as of:
$5.71
+0.0
+0.0%
primary theme
High Yield Bond
GSHUX (Mutual Fund)
Goldman Sachs High Yield Fund
Payout Change
Pending
Price as of:
$5.71
+0.0
+0.0%
primary theme
High Yield Bond
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.3%
1 yr return
11.1%
3 Yr Avg Return
2.3%
5 Yr Avg Return
3.4%
Net Assets
$1.92 B
Holdings in Top 10
8.2%
52 WEEK LOW AND HIGH
$5.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.78%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 56.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GSHUX - Profile
Distributions
- YTD Total Return 8.3%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.45%
- Dividend Yield 6.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGoldman Sachs High Yield Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateJul 31, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Magnuson
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in high-yield, fixed income securities that, at the time of purchase, are non-investment grade securities. Non-investment grade securities are securities rated BB+, Ba1 or below by a nationally recognized statistical rating organization (“NRSRO”), or, if unrated, determined by the Investment Adviser to be of comparable credit quality, and are commonly referred to as “junk bonds.” The Fund may invest in all types of fixed income securities, including loan participations.The Fund may invest up to 25% of its total assets in obligations of domestic and foreign issuers which are denominated in currencies other than the U.S. dollar and in securities of issuers located in emerging countries denominated in any currency. However, to the extent that the Investment Adviser has entered into transactions that are intended to hedge the Fund’s position in a non-dollar denominated obligation against currency risk, such obligation will not be counted when calculating compliance with the 25% limitation on obligations in non-U.S. currency.Under normal market conditions, the Fund may invest up to 20% of its Net Assets in investment grade fixed income securities, including securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or sponsored enterprises (“U.S. Government Securities”).The Fund may invest in derivatives, including (i) credit default swap indices (or CDX) and total return swaps for hedging purposes or to seek to increase total return, and (ii) interest rate futures, forwards and swaps to manage the portfolio’s duration.The Fund may also seek to obtain exposure to fixed income investments through investments in affiliated or unaffiliated investment companies, including exchange-traded funds (“ETFs”).The Fund’s target duration range under normal interest rate conditions is expected to approximate that of the Bloomberg U.S. High-Yield 2% Issuer Capped Bond Index, plus or minus 2.5 years, depending on the Fund’s risk-adjusted positioning, and over the last five years ended June 30, 2024, the duration of this Index has ranged between 3.12 and 4.45 years. “Duration” is a measure of a debt security’s price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price to changes in interest rates. For example, if market interest rates increase by 1%, the market price of a debt security with a positive duration of 3 years will generally decrease by approximately 3%. Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that security’s market price.The Fund’s investments are selected using a bottom-up analysis that incorporates fundamental research, a focus on market conditions and pricing trends, quantitative research, and news or market events. As part of the Investment Adviser’s fundamental investment process, the Investment Adviser may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors. The selection of individual investments is based on the overall risk and return profile of the investment taking into account liquidity, structural complexity, cash flow uncertainty and downside potential. Research analysts and portfolio managers systematically assess portfolio positions, taking into consideration, among other factors, broader macroeconomic conditions and industry and company-specific financial performance and outlook. Based upon this analysis, the Investment Adviser will sell positions determined to be overvalued and reposition the portfolio in more attractive investment opportunities on a relative basis given the current climate. No one factor or consideration is determinative in the fundamental investment process.The Investment Adviser measures the Fund’s performance against the Bloomberg U.S. High-Yield 2% Issuer Capped Bond Index.
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GSHUX - Performance
Return Ranking - Trailing
| Period | GSHUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -7.5% | 18.1% | 59.61% |
| 1 Yr | 11.1% | -4.6% | 18.6% | 57.96% |
| 3 Yr | 2.3%* | -14.4% | 21.6% | 73.67% |
| 5 Yr | 3.4%* | -11.4% | 37.2% | 67.08% |
| 10 Yr | N/A* | -4.7% | 20.4% | 56.59% |
* Annualized
Return Ranking - Calendar
| Period | GSHUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.6% | -4.7% | 14.3% | 39.67% |
| 2022 | -17.3% | -33.4% | 3.6% | 79.30% |
| 2021 | -0.9% | -8.4% | 8.2% | 80.07% |
| 2020 | -0.3% | -13.2% | 302.7% | 53.63% |
| 2019 | 9.0% | -4.4% | 13.3% | 24.04% |
Total Return Ranking - Trailing
| Period | GSHUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.3% | -7.5% | 18.1% | 59.61% |
| 1 Yr | 11.1% | -4.6% | 18.6% | 57.96% |
| 3 Yr | 2.3%* | -14.4% | 21.6% | 73.67% |
| 5 Yr | 3.4%* | -11.4% | 37.2% | 67.08% |
| 10 Yr | N/A* | -4.7% | 20.4% | 52.30% |
* Annualized
Total Return Ranking - Calendar
| Period | GSHUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -4.7% | 18.7% | 27.21% |
| 2022 | -12.2% | -33.4% | 47.8% | 79.80% |
| 2021 | 4.4% | -8.4% | 12.4% | 64.78% |
| 2020 | 6.1% | -9.6% | 325.6% | 34.69% |
| 2019 | 15.6% | -3.8% | 19.4% | 14.57% |
NAV & Total Return History
GSHUX - Holdings
Concentration Analysis
| GSHUX | Category Low | Category High | GSHUX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.92 B | 3.13 M | 25.3 B | 28.92% |
| Number of Holdings | 653 | 2 | 4432 | 21.84% |
| Net Assets in Top 10 | 166 M | -492 M | 6.67 B | 35.30% |
| Weighting of Top 10 | 8.18% | 4.2% | 146.0% | 90.97% |
Top 10 Holdings
- Goldman Sachs Financial Square Government Fund 2.13%
- Goldman Sachs Financial Square Government Fund 1.87%
- CCO Holdings LLC / CCO Holdings Capital Corp 0.67%
- iShares Broad USD High Yield Corporate Bond ETF 0.66%
- APX Group Inc 0.49%
- Madison IAQ LLC 0.49%
- American Builders Contractors Supply Co Inc 0.48%
- Directv Financing LLC / Directv Financing Co-Obligor Inc 0.48%
- Mauser Packaging Solutions Holding Co 0.45%
- MajorDrive Holdings IV LLC 0.45%
Asset Allocation
| Weighting | Return Low | Return High | GSHUX % Rank | |
|---|---|---|---|---|
| Bonds | 94.28% | 0.00% | 145.36% | 57.19% |
| Stocks | 3.22% | 0.00% | 97.54% | 19.44% |
| Convertible Bonds | 2.14% | 0.00% | 17.89% | 20.36% |
| Cash | 2.13% | -52.00% | 48.02% | 74.06% |
| Other | 0.51% | -39.08% | 99.23% | 20.20% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 65.35% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSHUX % Rank | |
|---|---|---|---|---|
| Energy | 97.45% | 0.00% | 100.00% | 13.06% |
| Consumer Cyclical | 2.06% | 0.00% | 100.00% | 31.45% |
| Basic Materials | 0.50% | 0.00% | 100.00% | 25.52% |
| Utilities | 0.00% | 0.00% | 100.00% | 55.19% |
| Technology | 0.00% | 0.00% | 33.17% | 57.86% |
| Real Estate | 0.00% | 0.00% | 86.71% | 52.82% |
| Industrials | 0.00% | 0.00% | 93.12% | 60.24% |
| Healthcare | 0.00% | 0.00% | 22.17% | 50.45% |
| Financial Services | 0.00% | 0.00% | 100.00% | 59.64% |
| Communication Services | 0.00% | 0.00% | 99.99% | 73.00% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 54.01% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSHUX % Rank | |
|---|---|---|---|---|
| US | 3.22% | 0.00% | 97.54% | 19.54% |
| Non US | 0.00% | -0.01% | 0.83% | 15.93% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | GSHUX % Rank | |
|---|---|---|---|---|
| Corporate | 97.48% | 0.00% | 100.00% | 22.37% |
| Cash & Equivalents | 2.13% | 0.00% | 48.02% | 63.71% |
| Derivative | 0.51% | -14.58% | 42.26% | 6.90% |
| Securitized | 0.00% | 0.00% | 97.24% | 67.60% |
| Municipal | 0.00% | 0.00% | 1.17% | 41.94% |
| Government | 0.00% | 0.00% | 99.07% | 58.39% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | GSHUX % Rank | |
|---|---|---|---|---|
| US | 91.03% | 0.00% | 126.57% | 68.14% |
| Non US | 3.25% | 0.00% | 96.91% | 21.02% |
GSHUX - Expenses
Operational Fees
| GSHUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.78% | 0.02% | 38.33% | 67.54% |
| Management Fee | 0.70% | 0.00% | 1.75% | 83.63% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| GSHUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GSHUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 10.87% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GSHUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 56.00% | 1.00% | 255.00% | 35.55% |
GSHUX - Distributions
Dividend Yield Analysis
| GSHUX | Category Low | Category High | GSHUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.77% | 0.00% | 11.76% | 46.17% |
Dividend Distribution Analysis
| GSHUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| GSHUX | Category Low | Category High | GSHUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.45% | -2.39% | 9.30% | 45.32% |
Capital Gain Distribution Analysis
| GSHUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.032 | OrdinaryDividend |
| Oct 31, 2024 | $0.032 | OrdinaryDividend |
| Sep 30, 2024 | $0.031 | OrdinaryDividend |
| Aug 30, 2024 | $0.031 | OrdinaryDividend |
| Jul 31, 2024 | $0.030 | OrdinaryDividend |
| Apr 30, 2024 | $0.030 | OrdinaryDividend |
| Mar 28, 2024 | $0.030 | OrdinaryDividend |
| Feb 29, 2024 | $0.029 | OrdinaryDividend |
| Jan 31, 2024 | $0.028 | OrdinaryDividend |
| Dec 29, 2023 | $0.029 | OrdinaryDividend |
| Nov 30, 2023 | $0.029 | OrdinaryDividend |
| Oct 31, 2023 | $0.029 | OrdinaryDividend |
| Sep 29, 2023 | $0.029 | OrdinaryDividend |
| Aug 31, 2023 | $0.029 | OrdinaryDividend |
| Jul 31, 2023 | $0.028 | OrdinaryDividend |
| Jun 30, 2023 | $0.028 | OrdinaryDividend |
| May 31, 2023 | $0.028 | OrdinaryDividend |
| Apr 28, 2023 | $0.028 | OrdinaryDividend |
| Mar 31, 2023 | $0.027 | OrdinaryDividend |
| Feb 28, 2023 | $0.027 | OrdinaryDividend |
| Jan 31, 2023 | $0.027 | OrdinaryDividend |
| Dec 30, 2022 | $0.027 | OrdinaryDividend |
| Nov 30, 2022 | $0.027 | OrdinaryDividend |
| Oct 31, 2022 | $0.026 | OrdinaryDividend |
| Sep 30, 2022 | $0.027 | OrdinaryDividend |
| Aug 31, 2022 | $0.026 | OrdinaryDividend |
| Jul 29, 2022 | $0.026 | OrdinaryDividend |
| Jun 30, 2022 | $0.027 | OrdinaryDividend |
| May 31, 2022 | $0.026 | OrdinaryDividend |
| Apr 29, 2022 | $0.026 | OrdinaryDividend |
| Mar 31, 2022 | $0.026 | OrdinaryDividend |
| Feb 28, 2022 | $0.026 | OrdinaryDividend |
| Jan 31, 2022 | $0.025 | OrdinaryDividend |
| Dec 31, 2021 | $0.025 | OrdinaryDividend |
| Nov 30, 2021 | $0.025 | OrdinaryDividend |
| Oct 29, 2021 | $0.025 | OrdinaryDividend |
| Sep 30, 2021 | $0.025 | OrdinaryDividend |
| Aug 31, 2021 | $0.026 | OrdinaryDividend |
| Jul 30, 2021 | $0.025 | OrdinaryDividend |
| Jun 30, 2021 | $0.027 | OrdinaryDividend |
| May 28, 2021 | $0.026 | OrdinaryDividend |
| Apr 30, 2021 | $0.026 | OrdinaryDividend |
| Mar 31, 2021 | $0.027 | OrdinaryDividend |
| Feb 26, 2021 | $0.027 | OrdinaryDividend |
| Jan 29, 2021 | $0.027 | OrdinaryDividend |
| Dec 31, 2020 | $0.028 | OrdinaryDividend |
| Nov 30, 2020 | $0.028 | OrdinaryDividend |
| Oct 30, 2020 | $0.029 | OrdinaryDividend |
| Sep 30, 2020 | $0.029 | OrdinaryDividend |
| Aug 31, 2020 | $0.029 | OrdinaryDividend |
| Jul 31, 2020 | $0.029 | OrdinaryDividend |
| Jun 30, 2020 | $0.029 | OrdinaryDividend |
| May 29, 2020 | $0.029 | OrdinaryDividend |
| Apr 30, 2020 | $0.030 | OrdinaryDividend |
| Mar 31, 2020 | $0.002 | ReturnOfCapital |
| Mar 31, 2020 | $0.030 | OrdinaryDividend |
| Feb 28, 2020 | $0.001 | ReturnOfCapital |
| Feb 28, 2020 | $0.029 | OrdinaryDividend |
| Jan 31, 2020 | $0.001 | ReturnOfCapital |
| Jan 31, 2020 | $0.029 | OrdinaryDividend |
| Dec 31, 2019 | $0.031 | OrdinaryDividend |
| Nov 29, 2019 | $0.031 | OrdinaryDividend |
| Oct 31, 2019 | $0.031 | OrdinaryDividend |
| Sep 30, 2019 | $0.031 | OrdinaryDividend |
| Aug 30, 2019 | $0.031 | OrdinaryDividend |
| Jul 31, 2019 | $0.031 | OrdinaryDividend |
GSHUX - Fund Manager Analysis
Managers
Robert Magnuson
Start Date
Tenure
Tenure Rank
Jul 29, 2014
7.84
7.8%
Mr. Magnuson is a member of the High Yield portfolio management team specializing in credit research. Prior to joining the Goldman Sachs Asset Management, L.P. in 2006, he spent three and a half years as a sell-side high yield analyst at Merrill Lynch and two and a half years in the commercial lending group at Wells Fargo.
Ashish Shah
Start Date
Tenure
Tenure Rank
Jan 29, 2021
1.33
1.3%
Mr. Shah is Co-Chief Investment Officer of Global Fixed Income, Global Head of Corporate Credit and Head of the Cross-Sector Strategy within Fixed Income. Mr. Shah joined Goldman Sachs Asset Management, L.P. in 2018. Mr. Shah was previously at AllianceBernstein from 2010 to 2018, where he was most recently the Head of Fixed Income and Chief Investment Officer of Global Credit. Prior to AB, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008-2010). From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers.
Lori Pomerantz
Start Date
Tenure
Tenure Rank
Jan 29, 2021
1.33
1.3%
Mrs. Pomerantz is a Portfolio Manager on Goldman Sachs Asset Management, L.P. She joined the Goldman Sachs, initially in the Alternative Investments and Manager Selection (AIMS) business, where she spearheaded long only fixed income manager selection.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
