Address And Details

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

Strategy And Objective

The Goldman Sachs High Yield Fund (the Fund) seeks a high level of current income and may also consider the potential for capital appreciation. 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 Funds 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) for hedging purposes or to seek to increase total return, and (ii) interest rate futures, forwards and swaps to manage the portfolios 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 Funds target duration range under normal interest rate conditions is expected to approximate that of the Bloomberg Barclays U.S. High-Yield 2% Issuer Capped Bond Index, plus or minus 2.5 years,depending on the Funds risk-adjusted positioning, and over the last five years ended June 30, 2019, the duration of this Index has ranged between 2.71 and 4.36 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 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. The Funds portfolio managers seek to build a portfolio that reflects their investment views across the high yield securities market consistent with the Funds overall risk budget and the views of the Investment Advisers Global Fixed Income top-down teams. As market conditions change, the volatility and attractiveness of sectors, securities and strategies can change as well. To optimize the Fund s risk/return potential within its long-term risk budget, the portfolio managers may dynamically adjust the mix of top-down and bottom-up strategies in the Fund s portfolio.The Funds benchmark index is the Bloomberg Barclays U.S. High-Yield 2% Issuer Capped Bond Index.

Net Asset Value

as of 5:27 PM ET 09/17/2021


  • 1 Week
  • n/a
  • 1 Month
  • +1.09%
  • 3 Months
  • +0.46%
  • 1 Yr Return
  • +4.50%
  • 5 Yr Return
  • +2.20%

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 92.31%
Other 5.70%
Cash 1.64%
Stocks 0.28%
Preferred 0.08%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 8.33 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.27 3.35 3.87
Beta 0.63 0.50 0.52
R Squared 0.05 0.04 0.04
Std Deviation 10.22 8.07 7.33
Sharpe Ratio 0.50 0.55 n/a

Purchase Information

as of 5:47 PM ET 09/15/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +8.70%
  • +14.51%
+8.70% +14.51%
3 Year
  • +5.79%
  • +5.86%
+5.79% +5.86%
10 Year
  • +5.69%
  • +4.95%
+5.69% +4.95%
Life Of Fund
  • +5.92%
  • +5.90%
+5.92% +5.90%

Top 10 Holdings

Symbol Company Name % Of Assets

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