- ISIN
- US38145C4481
- Issuer
- Goldman Sachs
- Inception Date
- Mar 30, 2011
- Category
- Bank Loan
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
GFRIX Performance Chart
Goldman Sachs High Yield Floating Rate Fund (GFRIX) is up 0.9% since the beginning of the year. GFRIX is currently trading at $8 per share. Investors who bought $1,000 worth of GFRIX shares 5 years ago would now be looking at an investment worth $1,228.
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Returns By Period
Goldman Sachs High Yield Floating Rate Fund (GFRIX) has returned 0.93% so far this year and 3.90% over the past 12 months. Over the last ten years, GFRIX has returned 4.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Goldman Sachs High Yield Floating Rate Fund
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 0.93%
- 6M
- 1.40%
- 1Y
- 3.90%
- 3Y*
- 6.28%
- 5Y*
- 4.19%
- 10Y*
- 4.29%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GFRIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2012, GFRIX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 73% of months were positive and 27% were negative. The best month was Apr 2020 with a return of +5.4%, while the worst month was Mar 2020 at -14.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GFRIX closed higher 26% of trading days. The best single day was Mar 26, 2020 with a return of +3.5%, while the worst single day was Mar 18, 2020 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.09% | -0.89% | 0.23% | 1.41% | 0.34% | -0.24% | 0.93% | ||||||
| 2025 | 0.55% | -0.05% | -0.75% | -0.31% | 1.78% | 0.93% | 0.73% | 0.39% | 0.14% | 0.26% | 0.34% | 0.00% | 4.07% |
| 2024 | 0.75% | 0.70% | 0.96% | 0.56% | 0.81% | -0.34% | 0.73% | 0.56% | 0.67% | 0.66% | 0.86% | 0.28% | 7.44% |
| 2023 | 2.56% | 0.65% | -0.44% | 0.23% | -0.33% | 2.21% | 1.21% | 0.45% | 0.74% | -0.22% | 1.46% | 1.53% | 10.49% |
| 2022 | 0.15% | -0.60% | -0.01% | -0.03% | -2.58% | -2.91% | 1.73% | 1.62% | -3.13% | 0.72% | 1.41% | 0.73% | -3.02% |
| 2021 | 1.27% | 0.46% | 0.08% | 0.48% | 0.37% | 0.37% | -0.24% | 0.40% | 0.59% | 0.17% | -0.48% | 0.82% | 4.36% |
Benchmark Metrics
Goldman Sachs High Yield Floating Rate Fund has an annualized alpha of 2.97%, beta of 0.08, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since January 03, 2012.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.10%) than losses (15.68%) - typical of diversified or defensive assets.
- Beta of 0.08 may look defensive, but with R2 of 0.14 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.97%
- Beta
- 0.08
- R²
- 0.14
- Upside Capture
- 19.10%
- Downside Capture
- 15.68%
Expense Ratio
GFRIX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GFRIX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs High Yield Floating Rate Fund (GFRIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GFRIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.78 | -0.35 |
| Martin ratioReturn relative to average drawdown | 8.43 | 12.44 | -4.00 |
Dividends
Dividend History
Goldman Sachs High Yield Floating Rate Fund provided a 7.09% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.62 | $0.68 | $0.64 | $0.42 | $0.32 | $0.39 | $0.64 | $0.43 | $0.39 | $0.41 | $0.39 |
Dividend yield | 7.09% | 7.15% | 7.63% | 7.13% | 4.79% | 3.41% | 4.19% | 6.77% | 4.73% | 4.00% | 4.18% | 4.12% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.00 | $0.24 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.62 |
| 2024 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.00 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.05 | $0.68 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.07 | $0.00 | $0.07 | $0.07 | $0.07 | $0.07 | $0.64 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.05 | $0.05 | $0.13 | $0.42 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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.
The current Goldman Sachs High Yield Floating Rate Fund drawdown is 0.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -23.14%Mar 2020 | 2mo 2d | 7mo 22d | 9mo 24dJan 2020 - Nov 2020 |
Bear market2022 | -6.70%Jul 2022 | 5mo 12d | 11mo 13d | 1y 4moJan 2022 - Jun 2023 |
Rate-hike selloffLate 2018 | -4.68%Dec 2018 | 2mo 24d | 2mo 22d | 5mo 16dOct 2018 - Mar 2019 |
2016 pullback2016 | -4.65%Feb 2016 | 8mo 15d | 2mo 18d | 11mo 3dJun 2015 - Apr 2016 |
2025 selloff2025 | -3.42%Apr 2025 | 2mo 3d | 1mo 6d | 3mo 9dFeb 2025 - May 2025 |
Drawdown Indicators
| GFRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.14% | -56.78% | +33.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -9.10% | +7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -18.90% | +15.48% |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | -25.43% | +18.73% |
Max Drawdown (10Y)Largest decline over 10 years | -23.14% | -33.92% | +10.78% |
Current DrawdownCurrent decline from peak | -0.35% | -1.80% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -0.90% | -10.71% | +9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 2.03% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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