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GSHCX Goldman Sachs High Yield C

  • Fund
  • GSHCX
  • Price as of: May 23, 2019
  • $6.31 - $0.02 - 0.32%
  • Category
  • High Yield Bonds

GSHCX - Profile

Vitals

  • YTD Return 6.1%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -2.7%
  • Net Assets $2.24 B
  • Holdings in Top 10 9.4%

52 WEEK LOW AND HIGH

$6.31
$5.91
$6.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.83%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 69.00%

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 6.1%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Rachel C. Golder

GSHCX - Performance

Return Ranking - Trailing

Period GSHCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -6.3% 15.9% 25.25%
1 Yr -0.5% -13.4% 4.0% 62.96%
3 Yr 0.6%* -6.9% 7.1% 48.02%
5 Yr -2.7%* -8.1% 1.6% 79.57%
10 Yr 0.8%* -13.4% 5.2% 78.34%

* Annualized


Return Ranking - Calendar

Period GSHCX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.9% -23.1% -0.4% 78.09%
2017 0.6% -9.5% 28.5% 72.73%
2016 7.5% -14.4% 28.6% 45.72%
2015 -10.3% -34.3% 1.0% 75.99%
2014 -5.6% -23.1% 27.7% 71.15%

Total Return Ranking - Trailing

Period GSHCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -6.3% 15.9% 30.46%
1 Yr -0.5% -13.4% 5.9% 72.87%
3 Yr 0.6%* -6.9% 10.5% 59.92%
5 Yr -2.3%* -7.5% 5.7% 78.30%
10 Yr 1.5%* -13.4% 9.2% 67.51%

* Annualized


Total Return Ranking - Calendar

Period GSHCX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.9% -23.1% 1.3% 84.18%
2017 0.6% -4.9% 36.8% 78.51%
2016 7.5% -14.4% 39.0% 57.41%
2015 -10.3% -28.3% 4.3% 79.75%
2014 -3.7% -21.8% 27.7% 57.93%

NAV & Total Return History

GSHCX - Holdings

Concentration Analysis

GSHCX Category Low Category High GSHCX % Rank
Net Assets 2.24 B 673 K 24.4 B 21.44%
Number of Holdings 401 6 1644 29.46%
Net Assets in Top 10 192 M -36.7 K 3.73 B 27.05%
Weighting of Top 10 9.39% 5.4% 100.1% 65.13%

Top 10 Holdings

  1. Sprint Corporation 7.88% 1.10%

  2. Sprint Corporation 7.25% 1.00%

  3. Wind Tre S.p.A. 5% 0.96%

  4. HCA Inc. 6.5% 0.96%

  5. Scientific Games International, Inc. 10% 0.93%

  6. Berry Petroleum Corp 0.93%

  7. Altice Financing S.A. 7.5% 0.92%

  8. Bausch Health Companies Inc 5.88% 0.90%

  9. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.75% 0.88%

  10. CD&R Waterworks Merger Sub LLC 6.12% 0.80%


Asset Allocation

Weighting Return Low Return High GSHCX % Rank
Bonds
94.48% -14.92% 103.60% 33.67%
Cash
3.73% -4.10% 114.92% 56.31%
Stocks
1.21% -0.44% 99.99% 20.24%
Convertible Bonds
0.32% 0.00% 17.73% 52.91%
Other
0.15% -5.62% 22.60% 42.08%
Preferred Stocks
0.10% 0.00% 11.13% 37.07%

Stock Sector Breakdown

Weighting Return Low Return High GSHCX % Rank
Energy
1.11% -0.06% 2.74% 7.25%
Financial Services
0.10% -0.03% 16.74% 14.50%
Utilities
0.00% -0.04% 2.00% 61.25%
Technology
0.00% -0.17% 30.52% 58.25%
Real Estate
0.00% -0.03% 2.98% 58.50%
Industrials
0.00% 0.00% 14.47% 70.25%
Healthcare
0.00% 0.00% 14.67% 65.50%
Communication Services
0.00% -0.04% 2.00% 61.25%
Consumer Defense
0.00% -0.09% 4.73% 56.75%
Consumer Cyclical
0.00% -0.14% 15.43% 74.25%
Basic Materials
0.00% 0.00% 1.46% 65.25%

Stock Geographic Breakdown

Weighting Return Low Return High GSHCX % Rank
US
1.11% -0.43% 50.32% 18.24%
Non US
0.10% -0.01% 49.67% 20.24%

Bond Sector Breakdown

Weighting Return Low Return High GSHCX % Rank
Corporate
94.91% 0.00% 105.22% 29.26%
Cash & Equivalents
3.73% -1.83% 114.92% 54.51%
Derivative
0.00% -14.92% 10.55% 54.71%
Securitized
0.00% 0.00% 61.18% 72.14%
Municipal
0.00% 0.00% 99.98% 58.52%
Government
0.00% -5.69% 66.73% 61.12%

Bond Geographic Breakdown

Weighting Return Low Return High GSHCX % Rank
US
79.98% -14.92% 99.77% 48.90%
Non US
14.50% 0.00% 58.16% 36.87%

GSHCX - Expenses

Operational Fees

GSHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.83% 0.00% 6.42% 9.02%
Management Fee 0.67% 0.00% 1.00% 80.36%
12b-1 Fee 0.75% 0.00% 1.00% 72.12%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GSHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 59.79%

Trading Fees

GSHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 34.21%

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 Return Low Category Return High Rank in Category (%)
Turnover 69.00% 5.00% 1334.00% 78.16%

GSHCX - Distributions

Dividend Yield Analysis

GSHCX Category Low Category High GSHCX % Rank
Dividend Yield 0.04% 0.00% 1.62% 73.15%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

GSHCX Category Low Category High GSHCX % Rank
Net Income Ratio 4.26% -1.92% 7.02% 77.96%

Capital Gain Distribution Analysis

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

GSHCX - Managers

Rachel C. Golder

Manager

Start Date

Tenure

Tenure Rank

May 08, 2009

9.98

10.0%

Ms. Golder is a Co-Head of the High Yield and Bank Loans team. Ms. Golder joined the Investment Adviser in 1997 as a founder of the Investment Adviser’s High Yield team. 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

Tenure

Tenure Rank

Dec 13, 2010

8.38

8.4%

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.


Robert Magnuson

Manager

Start Date

Tenure

Tenure Rank

Jul 29, 2014

4.76

4.8%

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.


Tenure Analysis

Category Low

0.0

Category High

34.71

Category Average

6.92

Category Mode

0.33