Goldman Sachs High Yield Floating Rate Fund (GFRIX)
The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in domestic or foreign floating rate loans and other floating or variable rate obligations rated below investment grade. It may invest up to 20% of its net assets in fixed income instruments, of any credit rating, including fixed rate corporate bonds, government bonds, convertible debt obligations, and mezzanine fixed income instruments.
Fund Info
ISIN | US38145C4481 |
---|---|
Issuer | Goldman Sachs |
Inception Date | Mar 30, 2011 |
Category | Bank Loan |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
GFRIX has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs High Yield Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Goldman Sachs High Yield Floating Rate Fund had a return of 3.23% year-to-date (YTD) and 12.46% in the last 12 months. Over the past 10 years, Goldman Sachs High Yield Floating Rate Fund had an annualized return of 3.81%, while the S&P 500 had an annualized return of 10.99%, indicating that Goldman Sachs High Yield Floating Rate Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.23% | 11.18% |
1 month | 1.13% | 5.60% |
6 months | 5.75% | 17.48% |
1 year | 12.46% | 26.33% |
5 years (annualized) | 4.60% | 13.16% |
10 years (annualized) | 3.81% | 10.99% |
Monthly Returns
The table below presents the monthly returns of GFRIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.75% | 0.70% | 0.96% | 0.56% | 3.23% | ||||||||
2023 | 2.56% | 0.65% | -0.44% | 0.94% | -0.32% | 2.21% | 1.21% | 1.21% | 0.74% | -0.22% | 1.46% | 1.53% | 12.12% |
2022 | 0.15% | -0.60% | -0.01% | -0.03% | -2.58% | -2.54% | 2.19% | 1.62% | -2.61% | 0.71% | 1.42% | 0.30% | -2.11% |
2021 | 1.27% | 0.46% | 0.07% | 0.48% | 0.37% | 0.37% | -0.24% | 0.40% | 0.59% | 0.17% | -0.48% | 0.77% | 4.30% |
2020 | 0.41% | -1.85% | -14.16% | 5.36% | 4.73% | 1.51% | 1.96% | 1.58% | 0.43% | 0.01% | 2.77% | 1.20% | 2.52% |
2019 | 2.43% | 1.82% | -0.17% | 1.83% | -0.38% | 0.23% | 0.88% | -0.40% | 0.74% | -0.63% | 0.84% | 1.80% | 9.31% |
2018 | 0.99% | -0.07% | -0.03% | 0.37% | 0.06% | -0.04% | 0.68% | 0.28% | 0.69% | -0.31% | -1.03% | -2.85% | -1.31% |
2017 | 0.33% | 0.57% | 0.04% | 0.42% | 0.55% | -0.29% | 0.67% | -0.17% | 0.43% | 0.55% | 0.03% | 0.25% | 3.44% |
2016 | -0.38% | -0.41% | 2.76% | 1.73% | 0.79% | -0.15% | 1.41% | 0.67% | 0.55% | 0.25% | -0.18% | 0.85% | 8.11% |
2015 | 0.23% | 1.31% | 0.32% | 0.82% | 0.04% | -0.67% | 0.22% | -0.67% | -0.58% | 0.24% | -1.02% | -0.91% | -0.70% |
2014 | 0.30% | 0.28% | 0.12% | 0.09% | 0.40% | 0.49% | -0.19% | 0.20% | -0.70% | 0.42% | 0.44% | -0.75% | 1.10% |
2013 | 0.92% | 0.19% | 0.72% | 0.68% | -0.07% | -0.70% | 1.11% | -0.08% | -0.01% | 0.90% | 0.30% | 0.50% | 4.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GFRIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GFRIX (Goldman Sachs High Yield Floating Rate Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs High Yield Floating Rate Fund (GFRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs High Yield Floating Rate Fund granted a 8.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.78 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.78 | $0.76 | $0.50 | $0.31 | $0.39 | $0.49 | $0.43 | $0.39 | $0.41 | $0.39 | $0.37 | $0.38 |
Dividend yield | 8.67% | 8.58% | 5.75% | 3.36% | 4.19% | 5.19% | 4.74% | 4.01% | 4.18% | 4.13% | 3.76% | 3.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs High Yield Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.07 | $0.06 | $0.07 | $0.06 | $0.00 | $0.25 | |||||||
2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.76 |
2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.10 | $0.50 |
2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.31 |
2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
2018 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
2016 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs High Yield Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs High Yield Floating Rate Fund was 23.14%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-23.14% | Jan 21, 2020 | 44 | Mar 23, 2020 | 162 | Nov 10, 2020 | 206 |
-6.35% | Jan 24, 2022 | 112 | Jul 5, 2022 | 147 | Feb 2, 2023 | 259 |
-5.97% | Apr 4, 2011 | 100 | Aug 24, 2011 | 94 | Jan 9, 2012 | 194 |
-4.68% | Oct 4, 2018 | 58 | Dec 27, 2018 | 66 | Apr 3, 2019 | 124 |
-4.65% | Jun 1, 2015 | 186 | Feb 24, 2016 | 46 | Apr 29, 2016 | 232 |
Volatility
Volatility Chart
The current Goldman Sachs High Yield Floating Rate Fund volatility is 0.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.