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Address And Details

32 Old Slip , New York, NY 10005
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Goldman Sachs High Yield Floating Rate Fund (the Fund ) seeks a high level of current income. 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 domestic or foreign floating rate loans and other floating or variable rate obligations rated below investment grade. Non-investment grade obligations are those 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 Funds investments in floating and variable rate obligations may include, without limitation, senior secured loans (including assignments and participations), second lien loans, senior unsecured and subordinated loans, senior and subordinated corporate debt obligations (such as bonds, debentures, notes and commercial paper), debt issued by governments, their agencies and instrumentalities, and debt issued by central banks. The Fund may invest indirectly in loans by purchasing participations or sub-participations from financial institutions. Participations and sub-participations represent the right to receive a portion of the principal of, and all of the interest relating to such portion of, the applicable loan. The Fund expects to invest principally in the U.S. loan market and, to a lesser extent, in the European loan market. The Fund may also invest in other loan markets, although it does not currently intend to do so under normal conditions, the Fund may invest up to 20% of its Net Assets in fixed income instruments, of any credit rating, including fixed rate corporate bonds, government bonds, convertible debt obligations, and mezzanine fixed income instruments. The Fund may also invest in floating or variable rate instruments that are rated investment grade and in preferred stock, repurchase agreements and cash securities. The Fund may also invest in derivative instruments. Derivatives are instruments that have a value based on another instrument, exchange rate or index. The Funds investments in derivatives may include credit default swaps on credit and loan indices, forward contracts and total return swaps, among others. The Fund may use currency management techniques, such as forward foreign currency contracts, for hedging or non-hedging purposes. The Fund may invest in interest rate futures and swaps to manage the portfolios duration. Derivatives that provide exposure to floating or variable rate loans or obligations rated below investment grade are counted towards the Funds 80% policy. 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 Funds target duration range under normal interest rate conditions is expected to approximate that of the Credit Suisse Leveraged Loan Index, plus or minus one year, and over the last five years ended June 30, 2020, the duration of the Index has ranged between 0.03 and 4.26 years. The Funds investments in floating rate obligations will generally have short to intermediate maturities (approximately 4-7 years). Duration is a measure of a debt securitys 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 securitys market price.

Net Asset Value

as of 5:37 PM ET 01/25/2022

Performance

  • 1 Week
  • -0.32%
  • 1 Month
  • +0.21%
  • 3 Months
  • -0.21%
  • 1 Yr Return
  • -0.21%
  • 5 Yr Return
  • -3.90%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 95.15%
Cash 11.45%
Stocks 0.41%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -7.01%
Total Net Assets 4.91 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.81 1.81 2.52
Beta 0.42 0.21 0.18
R Squared 0.02 0.01 0.01
Std Deviation 9.90 7.85 5.78
Sharpe Ratio 0.46 0.30 n/a

Purchase Information

as of 5:37 PM ET 01/24/2022
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +4.04%
  • +4.04%
+4.04% +4.04%
3 Year
  • +5.06%
  • +5.06%
+5.06% +5.06%
10 Year
  • +3.51%
  • +3.51%
+3.51% +3.51%
Life Of Fund
  • +3.22%
  • +3.22%
+3.22% +3.22%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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