GSSAX: Goldman Sachs Long Shrt Crdt Strats R6 - MutualFunds.com

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GSSAX Goldman Sachs Long Shrt Crdt Strats R6

  • Fund
  • GSSAX
  • Price as of: Oct 11, 2019
  • $8.73 - $0.01 - 0.11%

GSSAX - Profile

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $111 M
  • Holdings in Top 10 97.8%

52 WEEK LOW AND HIGH

$8.73
$8.40
$9.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.43%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 220.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.49%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Goldman Sachs Long Short Credit Strategies Fund
  • Fund Family Name Goldman Sachs
  • Inception Date Nov 30, 2017
  • Shares Outstanding N/A
  • Share Class Retirement
  • 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.

GSSAX - Performance

Return Ranking - Trailing

Period GSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -1.5% 28.5% 64.13%
1 Yr -4.3% -13.8% 19.6% 74.44%
3 Yr N/A* -5.4% 12.4% N/A
5 Yr N/A* -5.7% 10.7% N/A
10 Yr N/A* -2.7% 5.7% N/A

* Annualized


Return Ranking - Calendar

Period GSSAX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.1% -23.0% 3.4% 50.00%
2017 N/A -67.1% 21.4% N/A
2016 N/A -17.3% 22.5% N/A
2015 N/A -10.4% 11.6% N/A
2014 N/A -13.7% 11.3% N/A

Total Return Ranking - Trailing

Period GSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -1.5% 28.5% 65.22%
1 Yr -4.3% -13.8% 19.6% 73.33%
3 Yr N/A* -5.4% 12.4% N/A
5 Yr N/A* -3.3% 10.7% N/A
10 Yr N/A* -1.6% 6.2% N/A

* Annualized


Total Return Ranking - Calendar

Period GSSAX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.1% -23.0% 5.2% 56.82%
2017 N/A -1.5% 25.0% N/A
2016 N/A -14.8% 22.5% N/A
2015 N/A -6.0% 11.6% N/A
2014 N/A -5.6% 12.1% N/A

NAV & Total Return History

GSSAX - Holdings

Concentration Analysis

GSSAX Category Low Category High GSSAX % Rank
Net Assets 111 M 200 3.24 B 35.79%
Number of Holdings 157 2 2106 35.48%
Net Assets in Top 10 9.03 M -7.32 M 1.69 B 50.54%
Weighting of Top 10 97.81% 0.0% 162.3% 19.35%

Top 10 Holdings

  1. Bx002906 Cds Usd P F 5.00000 34.98%

  2. Bx002906 Cds Usd R V 03mevent 32.52%

  3. Br213044 Irs Usd P F 2.75000 10.26%

  4. Br213044 Irs Usd R V 03mlibor 9.68%

  5. Sprint Corporation 7.62% 2.48%

  6. Nexstar Broadcasting Inc 1.65%

  7. Adient Us Llc 1.64%

  8. Adient Global Holdings Ltd 4.88% 1.64%

  9. Transdigm Inc 1.49%

  10. Virgin Media Sec Finance PLC 5.5% 1.47%


Asset Allocation

Weighting Return Low Return High GSSAX % Rank
Bonds
76.33% 0.00% 76.33% 1.08%
Cash
23.12% -45.95% 166.99% 60.22%
Stocks
0.55% -4.09% 70.82% 73.12%
Preferred Stocks
0.00% 0.00% 6.50% 33.33%
Other
0.00% -66.99% 49.28% 45.16%
Convertible Bonds
0.00% 0.00% 13.92% 43.01%

Bond Sector Breakdown

Weighting Return Low Return High GSSAX % Rank
Corporate
77.91% 0.00% 80.39% 6.45%
Cash & Equivalents
23.12% -46.23% 166.99% 60.22%
Securitized
0.00% 0.00% 43.00% 40.86%
Municipal
0.00% 0.00% 0.78% 29.03%
Government
-0.58% -2.24% 64.67% 89.25%
Derivative
-2.46% -6.26% 7.89% 91.40%

Bond Geographic Breakdown

Weighting Return Low Return High GSSAX % Rank
US
44.97% 0.00% 71.38% 27.96%
Non US
31.36% 0.00% 31.36% 1.08%

GSSAX - Expenses

Operational Fees

GSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.43% 0.93% 12.57% 90.00%
Management Fee 1.00% 0.35% 2.25% 20.83%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

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

Trading Fees

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

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.

GSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 220.00% 0.00% 1020.14% 76.67%

GSSAX - Distributions

Dividend Yield Analysis

GSSAX Category Low Category High GSSAX % Rank
Dividend Yield 4.86% 0.00% 4.86% 2.08%

Dividend Distribution Analysis

GSSAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

GSSAX Category Low Category High GSSAX % Rank
Net Income Ratio 4.49% -2.56% 4.74% 6.67%

Capital Gain Distribution Analysis

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

GSSAX - Managers

Ashish C. Shah

Manager

Start Date

Tenure

Tenure Rank

Mar 04, 2019

0.58

0.6%

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

Manager

Start Date

Tenure

Tenure Rank

Aug 06, 2019

0.15

0.2%

McGuiness is a portfolio manager of the company.


Tenure Analysis

Category Low

0.0

Category High

20.88

Category Average

4.12

Category Mode

5.26