GSAUX: Goldman Sachs Long Shrt Crdt Strats A

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GSAUX Goldman Sachs Long Shrt Crdt Strats A

  • Fund
  • GSAUX
  • Price as of: Dec 10, 2019
  • $8.81
    + $0.01 + 0.11%

Profile

GSAUX - Profile

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return -2.5%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $106 M
  • Holdings in Top 10 66.7%

52 WEEK LOW AND HIGH

$8.81
$8.41
$8.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.74%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 220.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Credit

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.15%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Long Short Credit Strategies Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Apr 30, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ashish C. Shah

Fund Description

The fund will invest at least 80% of its net assets plus any borrowings for investment purposes in the following credit related instruments: (i) fixed rate and floating rate income securities; (ii) loans and loan participations (iii) convertible securities; (iv) collateralized debt, bond and loan obligations; (v) bank and corporate debt obligations; (vi) U.S. government securities and securities issued by or on behalf of states, territories, and possessions of the United States; (vii) preferred securities and trust preferred securities; and etc.


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Categories

Performance

GSAUX - Performance

Return Ranking - Trailing

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -5.0% 33.9% 68.00%
1 Yr -1.2% -9.0% 25.3% 84.69%
3 Yr -2.5%* -31.0% 9.7% 84.71%
5 Yr -2.2%* -3.5% 5.3% 87.50%
10 Yr N/A* -0.9% 6.2% 35.71%

* Annualized

Return Ranking - Calendar

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.2% -23.0% 3.4% 55.43%
2017 -1.5% -67.1% 21.4% 86.42%
2016 0.0% -17.3% 25.3% 47.30%
2015 -3.0% -14.2% 11.6% 60.00%
2014 N/A -15.3% 11.3% N/A

Total Return Ranking - Trailing

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -5.0% 33.9% 70.00%
1 Yr -1.2% -8.2% 25.3% 84.69%
3 Yr -2.1%* -6.2% 10.1% 89.41%
5 Yr -1.7%* -2.0% 8.6% 94.64%
10 Yr N/A* -0.8% 6.2% 78.57%

* Annualized

Total Return Ranking - Calendar

Period GSAUX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.2% -23.0% 5.2% 61.96%
2017 -1.5% -1.5% 25.0% 95.06%
2016 1.3% -7.5% 25.3% 50.00%
2015 -1.7% -14.2% 11.6% 67.27%
2014 N/A -15.0% 12.1% N/A

NAV & Total Return History


Holdings

GSAUX - Holdings

Concentration Analysis

GSAUX Category Low Category High GSAUX % Rank
Net Assets 106 M 1.84 M 3.1 B 37.62%
Number of Holdings 168 2 2212 40.59%
Net Assets in Top 10 9.41 M -32.2 M 819 M 50.50%
Weighting of Top 10 66.65% 0.0% 162.9% 27.72%

Top 10 Holdings

  1. Bx002906 Cds Usd P F 5.00000 27.20%
  2. Bx002906 Cds Usd R V 03mevent 25.39%
  3. Sprint Corporation 7.62% 2.52%
  4. Br213044 Irs Usd P F 2.75000 2.11%
  5. Br213044 Irs Usd R V 03mlibor 1.94%
  6. Nexstar Broadcasting Inc 1.75%
  7. Adient US LLC 0% 1.74%
  8. Transdigm Inc 1.44%
  9. Tegna Inc 5% 1.33%
  10. Prime Sec Serv Borrower Llc 1.24%

Asset Allocation

Weighting Return Low Return High GSAUX % Rank
Bonds
77.64% -0.43% 78.53% 5.94%
Cash
22.32% -21.35% 145.38% 56.44%
Stocks
0.04% -4.15% 98.77% 72.28%
Preferred Stocks
0.00% 0.00% 11.20% 22.77%
Other
0.00% -45.38% 49.30% 40.59%
Convertible Bonds
0.00% 0.00% 13.92% 38.61%

Bond Sector Breakdown

Weighting Return Low Return High GSAUX % Rank
Corporate
79.61% -0.05% 79.61% 1.98%
Cash & Equivalents
22.32% -21.35% 145.38% 56.44%
Securitized
0.00% -0.01% 71.39% 32.67%
Municipal
0.00% 0.00% 0.89% 17.82%
Government
-0.16% -1.26% 73.86% 85.15%
Derivative
-1.81% -5.98% 0.79% 87.13%

Bond Geographic Breakdown

Weighting Return Low Return High GSAUX % Rank
US
59.52% -0.01% 75.98% 14.85%
Non US
18.12% -0.42% 38.95% 13.86%

Expenses

GSAUX - Expenses

Operational Fees

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.93% 12.57% 77.00%
Management Fee 1.00% 0.35% 2.25% 22.55%
12b-1 Fee 0.25% 0.00% 1.00% 24.29%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.50% 5.75% 75.00%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

GSAUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 220.00% 0.00% 1816.00% 71.00%

Distributions

GSAUX - Distributions

Dividend Yield Analysis

GSAUX Category Low Category High GSAUX % Rank
Dividend Yield 4.08% 0.00% 5.71% 8.82%

Dividend Distribution Analysis

GSAUX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

GSAUX Category Low Category High GSAUX % Rank
Net Income Ratio 4.15% -2.95% 4.60% 9.00%

Capital Gain Distribution Analysis

GSAUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GSAUX - Fund Manager Analysis

Managers

Ashish C. Shah


Start Date

Tenure

Tenure Rank

Mar 04, 2019

0.74

0.7%

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), where he was responsible for the High Grade, High Yield, Structured Credit and Municipal Strategy groups and the Special Situations Research team. From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers, leading the Structured Credit/CDO and Credit Strategy groups and covering the cash bond, credit derivatives and CDO product areas for global credit investors. He holds a BS in economics from the Wharton School of the University of Pennsylvania.

Michael J. McGuiness


Start Date

Tenure

Tenure Rank

Aug 06, 2019

0.32

0.3%

Mr. McGuiness is the Head of Opportunistic Corporate Credit and a portfolio manager within Global Fixed Income. Prior to joining the Investment Adviser in 2015, Mr. McGuiness was a partner and portfolio manager with a focus on credit selection at Taurasi Capital Management, Battleground Capital Management, Ore Hill Partners, and W.R. Huff Asset Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.14 21.05 4.33 5.43