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GSHCX Goldman Sachs High Yield C

  • Fund
  • GSHCX
  • Price as of: Aug 08, 2016
  • $6.38
  • + $0.02
  • + 0.31%
  • Category
  • High Yield Bonds

GSHCX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $3.81 B
  • Holdings in Top 10 8.5%

52 WEEK LOW AND HIGH

$6.38
$5.67
$6.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.81%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 5.6%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.76%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Goldman Sachs High Yield Fund
  • Fund Family Name Goldman Sachs
  • Inception Date Aug 15, 1997
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Robert Magnuson

GSHCX - Performance

Return Ranking - Trailing

Period GSHCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.6% -30.0% 20.5% 38.62% 3
1 Yr 0.3% -30.5% 10.8% 83.72% 5
3 Yr 2.0% * -11.3% 8.2% 80.27% 5
5 Yr 4.0% * -12.9% 7.6% 82.39% 5
10 Yr 5.1% * -12.2% 12.4% 84.81% 5

* Annualized


Return Ranking - Calendar

Period GSHCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.3% -34.3% 7.2% 54.73% 4
2014 N/A -5.0% -1.0% N/A N/A
2013 N/A -1.3% 3.8% N/A N/A
2012 N/A 7.4% 9.6% N/A N/A
2011 N/A -8.1% -0.2% N/A N/A

Total Return Ranking - Trailing

Period GSHCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.6% -30.0% 20.5% 39.61% 3
1 Yr -0.7% -30.5% 10.2% 70.81% 4
3 Yr 2.0% * -11.3% 8.2% 70.50% 4
5 Yr 4.0% * -12.9% 7.6% 75.73% 4
10 Yr 5.1% * -12.2% 12.4% 83.45% 5

* Annualized


Total Return Ranking - Calendar

Period GSHCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.3% -34.3% 7.2% 54.62% 4
2014 N/A -4.8% -0.6% N/A N/A
2013 N/A -1.3% 4.5% N/A N/A
2012 N/A 7.4% 10.4% N/A N/A
2011 N/A -7.8% -0.2% N/A N/A

NAV & Total Return History

GSHCX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

GSHCX Category Low Category High GSHCX % Rank Quintile
Net Assets 3.81 B 859 K 19.6 B 3.53% 1
Number of Holdings 471 1 1294 6.44% 2
Net Assets in Top 10 319 M -32.2 M 3.99 B 4.75% 1
Weighting of Top 10 8.5% 0.0% 100.0% 25.15% 4

Top 10 Holdings

  1. Numericable Grp Sa 144A 6% 1.07%
  2. Altice Us Fin I 144A 5.5% 0.70%
  3. Cit Grp 144A 5.5% 0.66%
  4. Windstream 7.75% 0.61%
  5. Hca 6.5% 1.00%
  6. Sprint 7.875% 1.01%
  7. Sprint Cap 6.9% 0.66%
  8. iShares iBoxx $ High Yield Corporate Bd 1.58%
  9. Tribune Media 5.875% 0.62%
  10. Mgm Resorts Intl 6.625% 0.61%

Asset Allocation

Weighting Category Low Category High GSHCX % Rank Quintile
Bonds
93.14% -5.63% 107.80% 10.43% 2
Cash
4.08% -11.47% 133.84% 17.02% 3
Other
1.43% -34.84% 38.60% 12.12% 3
Convertible Bonds
0.86% 0.00% 18.92% 5.67% 1
Stocks
0.31% 0.00% 99.05% 10.43% 2
Preferred Stocks
0.18% 0.00% 12.41% 13.34% 3

Stock Sector Breakdown

Weighting Category Low Category High GSHCX % Rank Quintile
Energy
0.20% 0.00% 11.08% 5.72% 1
Financial Services
0.10% 0.00% 16.69% 8.90% 2
Industrials
0.01% 0.00% 13.93% 6.14% 2
Utilities
0.00% -0.08% 7.62% 4.87% 4
Healthcare
0.00% 0.00% 24.74% 5.93% 4
Real Estate
0.00% 0.00% 7.16% 5.08% 4
Technology
0.00% -0.01% 24.70% 5.72% 4
Communication Services
0.00% -0.05% 9.22% 6.99% 5
Consumer Defense
0.00% -0.14% 5.89% 5.51% 4
Consumer Cyclical
0.00% 0.00% 17.17% 10.59% 5
Basic Materials
0.00% 0.00% 2.68% 6.14% 4

Stock Geographic Breakdown

Weighting Category Low Category High GSHCX % Rank Quintile
US
0.21% -0.04% 81.88% 9.82% 2
Non US
0.10% -0.01% 53.49% 5.37% 2

Bond Sector Breakdown

Weighting Category Low Category High GSHCX % Rank Quintile
Corporate
92.78% 0.00% 101.98% 7.52% 2
Cash & Equivalents
4.06% -7.60% 133.84% 17.02% 3
Securitized
0.87% 0.00% 68.88% 10.12% 2
Government
0.45% -6.62% 39.91% 18.56% 4
Municipal
0.00% 0.00% 99.16% 3.68% 4
Derivative
0.00% -19.62% 5.63% 3.68% 3

Bond Geographic Breakdown

Weighting Category Low Category High GSHCX % Rank Quintile
US
72.92% -5.63% 100.00% 17.18% 3
Non US
20.22% 0.00% 45.22% 8.28% 2

GSHCX - Expenses

Operational Fees

GSHCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.81% 0.00% 7.85% 8.45% 5
Management Fee 0.65% 0.12% 1.00% 2.61% 5
12b-1 Fee 0.75% 0.00% 1.00% 1.33% 4
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

GSHCX Fees (% of AUM) Category Low Category High GSHCX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load 1.00% 0.75% 5.50% 4.03% 3

Trading Fees

GSHCX Fees (% of AUM) Category Low Category High GSHCX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 0.60% 5

Turnover 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.

GSHCX Fees (% of AUM) Category Low Category High GSHCX Rank Quintile
Turnover 46.00% 7.20% 2247.00% 11.52% 2

GSHCX - Distributions

Dividend Yield Analysis

GSHCX Category Low Category High GSHCX % Rank Quintile
Dividend Yield 0.3% 0.00% 6.16% 43.40% 4

Dividend Distribution Analysis

GSHCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

GSHCX Category Low Category High GSHCX % Rank Quintile
Net Income Ratio 4.76% -2.75% 8.95% 27.04% 4

Capital Gain Distribution Analysis

GSHCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

GSHCX - Managers

Robert Magnuson

Manager

Start Date

Jul 29, 2014

Tenure

2.01

Tenure Rank

13.4%

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.


Rachel C. Golder

Lead Manager

Start Date

May 08, 2009

Tenure

7.24

Tenure Rank

6.8%

Rachel C. Golder Managing Director; Co-Head of High Yield and Bank Loans Rachel is co-head of the High Yield in 2005 and has helped managed the High Yield Fund since 2009. Before joining Goldman Sachs Asset Management in 8/1/1997, she spent six years at Saudi International Bank (an affiliate of JP Morgan) as a high yield credit analyst and portfolio manager. Prior to that, Rachel was with Kleinwort Benson Ltd. for six years, proposing and managing investments in corporate loans. She received a BA in Music from Yale University in 1983.


Michael S. Goldstein

Manager

Start Date

Dec 13, 2010

Tenure

5.64

Tenure Rank

8.3%

Mr. Goldstein joined the Goldman Sachs Asset Management, L.P. in 2010. Prior to joining Goldman Sachs Asset Management, L.P. he was a partner and director of high yield at Lord Abbett where he was responsible for managing high yield mutual funds and separately managed accounts. Mr. Goldstein joined Lord Abbett in 1997.


Tenure Analysis

Category Low

0.0

Category High

56.2

Category Average

6.26

Category Mode

1.6