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GSTCX Goldman Sachs Short Dur T/F C

  • Fund
  • GSTCX
  • Price as of: Jul 19, 2019
  • $10.74 - $0.00 - 0.00%
  • Category
  • National Munis

GSTCX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $6.84 B
  • Holdings in Top 10 10.9%

52 WEEK LOW AND HIGH

$10.74
$10.49
$10.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.50%

SALES FEES

  • Front Load N/A
  • Deferred Load 0.65%

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Goldman Sachs Short Duration Tax-Free 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 Ben Barber

Fund Description

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in fixed income securities issued by or on behalf of states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax, and is not a tax preference item under the federal alternative minimum tax.

GSTCX - Performance

Return Ranking - Trailing

Period GSTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 5.7% 81.71%
1 Yr 1.8% -2.9% 5.5% 68.39%
3 Yr 0.4%* -3.2% 1.3% 3.28%
5 Yr 0.4%* -1.8% 2.2% 36.72%
10 Yr 0.4%* -8.7% 2.3% 70.82%

* Annualized


Return Ranking - Calendar

Period GSTCX Return Category Return Low Category Return High Rank in Category (%)
2018 0.8% -4.8% 0.8% 0.60%
2017 0.4% -0.9% 5.6% 82.42%
2016 -1.0% -6.1% 7.3% 10.45%
2015 -0.5% -10.9% 2.6% 66.39%
2014 0.7% -60.4% 12.0% 79.49%

Total Return Ranking - Trailing

Period GSTCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% 0.0% 6.0% 81.51%
1 Yr 1.8% -2.8% 6.9% 70.18%
3 Yr 0.4%* -3.2% 3.2% 11.27%
5 Yr 0.4%* -1.8% 3.7% 45.02%
10 Yr 0.4%* -8.7% 4.8% 75.99%

* Annualized


Total Return Ranking - Calendar

Period GSTCX Return Category Return Low Category Return High Rank in Category (%)
2018 0.8% -4.8% 1.7% 5.19%
2017 0.4% -0.9% 6.2% 83.84%
2016 -1.0% -6.1% 7.3% 17.21%
2015 -0.5% -9.6% 3.9% 70.90%
2014 0.7% -60.4% 12.0% 80.55%

NAV & Total Return History

GSTCX - Holdings

Concentration Analysis

GSTCX Category Low Category High GSTCX % Rank
Net Assets 6.84 B 762 K 68.3 B 7.55%
Number of Holdings 1244 3 8426 12.35%
Net Assets in Top 10 727 M -4.59 M 2.02 B 5.18%
Weighting of Top 10 10.88% 2.5% 100.0% 68.53%

Top 10 Holdings

  1. TEXAS ST 4% 1.86%

  2. SUFFOLK CNTY N Y 5% 1.34%

  3. NORTH CAROLINA CAP FACS FIN AGY REV 5% 1.17%

  4. METROPOLITAN TRANSN AUTH N Y REV 5% 1.10%

  5. CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% 1.07%

  6. NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 1.06%

  7. CALIFORNIA ST 5% 0.89%

  8. ARIZONA HEALTH FACS AUTH REV 2.68% 0.86%

  9. PUERTO RICO ELEC PWR AUTH PWR REV 2.39% 0.77%

  10. JERSEY CITY N J 3.25% 0.76%


Asset Allocation

Weighting Return Low Return High GSTCX % Rank
Bonds
96.81% 17.56% 101.83% 65.74%
Cash
3.05% -1.83% 82.44% 34.06%
Other
0.15% -2.64% 30.00% 5.58%
Stocks
0.00% 0.00% 0.39% 84.66%
Preferred Stocks
0.00% 0.00% 8.94% 84.66%
Convertible Bonds
0.00% 0.00% 2.66% 84.66%

Bond Sector Breakdown

Weighting Return Low Return High GSTCX % Rank
Municipal
95.24% 0.00% 104.99% 71.12%
Cash & Equivalents
4.60% -8.39% 82.44% 26.89%
Derivative
0.01% 0.00% 0.08% 1.39%
Securitized
0.00% 0.00% 23.62% 84.86%
Corporate
0.00% 0.00% 39.71% 88.05%
Government
0.00% -6.32% 93.35% 79.08%

Bond Geographic Breakdown

Weighting Return Low Return High GSTCX % Rank
US
94.91% 17.56% 101.37% 68.13%
Non US
1.90% 0.00% 23.82% 14.54%

GSTCX - Expenses

Operational Fees

GSTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.09% 4.80% 15.90%
Management Fee 0.35% 0.00% 0.65% 34.00%
12b-1 Fee 0.75% 0.00% 1.00% 74.61%
Administrative Fee N/A 0.01% 0.34% N/A

Sales Fees

GSTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 0.65% 0.50% 5.50% 98.31%

Trading Fees

GSTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

GSTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 44.00% 0.00% 739.25% 70.38%

GSTCX - Distributions

Dividend Yield Analysis

GSTCX Category Low Category High GSTCX % Rank
Dividend Yield 0.01% 0.00% 2.53% 94.83%

Dividend Distribution Analysis

GSTCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

GSTCX Category Low Category High GSTCX % Rank
Net Income Ratio 1.10% 0.01% 4.95% 92.84%

Capital Gain Distribution Analysis

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

GSTCX - Managers

Ben Barber

Manager

Start Date

Tenure

Tenure Rank

Dec 21, 1999

19.54

19.5%

Mr. Barber is the Head of the Municipals team. Mr. Barber joined the Goldman Sachs Asset Management, L.P. in 1999 as a portfolio manager, and prior to that, he was with Franklin Advisers from 1991 to 1999. Barber is a member of the National Federation of Municipal Analysts, the California Society of Municipal Analysts and the Municipal Bond Club of San Francisco.


Scott Diamond

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2002

16.51

16.5%

Mr. Diamond joined the Goldman Sachs Asset Management, L.P. in 2002 as a portfolio manager on the U.S. Municipals team. Before joining the Investment Adviser, Mr. Diamond worked for Prudential Financial for nine years where he served as the portfolio manager for national and state specific mutual funds, as well as managing the municipal portfolio of several institutional accounts.


Tenure Analysis

Category Low

0.0

Category High

39.77

Category Average

7.57

Category Mode

4.32