Goldman Sachs Long Short Credit Strategies Fund (GSAWX)
The investment seeks an absolute return comprised of income and capital appreciation. 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.
Fund Info
| ISIN | US38145L2575 |
|---|---|
| Issuer | Goldman Sachs |
| Inception Date | Jun 14, 2009 |
| Category | Nontraditional Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
GSAWX has a high expense ratio of 1.12%, 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 Long Short Credit Strategies 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 Long Short Credit Strategies Fund had a return of 5.40% year-to-date (YTD) and 11.27% in the last 12 months. Over the past 10 years, Goldman Sachs Long Short Credit Strategies Fund had an annualized return of 2.92%, while the S&P 500 had an annualized return of 11.18%, indicating that Goldman Sachs Long Short Credit Strategies Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.40% | 21.88% |
| 1 month | -0.62% | 0.89% |
| 6 months | 4.87% | 15.85% |
| 1 year | 11.27% | 38.63% |
| 5 years (annualized) | 3.39% | 13.69% |
| 10 years (annualized) | 2.92% | 11.18% |
Monthly Returns
The table below presents the monthly returns of GSAWX, 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 | 0.16% | -0.11% | 0.85% | -0.39% | 1.01% | 0.88% | 1.26% | 1.39% | 0.86% | 5.40% | |||
| 2023 | 2.88% | -0.78% | 0.53% | 0.81% | -1.38% | 1.63% | 1.59% | 0.55% | -0.46% | -0.84% | 2.98% | 2.52% | 10.37% |
| 2022 | -1.57% | -0.87% | -0.53% | -2.10% | -0.34% | -5.27% | 4.45% | -1.03% | -4.27% | 1.93% | 0.86% | -0.31% | -9.01% |
| 2021 | 0.43% | 0.09% | -0.35% | 0.65% | 0.13% | 0.91% | 0.12% | 0.23% | 0.22% | -0.32% | -0.89% | 1.37% | 2.61% |
| 2020 | -0.01% | -1.03% | -7.29% | 4.23% | 4.43% | 0.49% | 3.28% | 0.08% | -0.38% | 0.55% | 1.44% | 1.22% | 6.68% |
| 2019 | 2.66% | 1.41% | -0.14% | 0.77% | -0.10% | 0.48% | 0.95% | 0.15% | 0.25% | -0.35% | 0.42% | 1.35% | 8.11% |
| 2018 | 0.68% | 0.00% | -0.98% | 0.42% | -0.20% | 0.48% | 0.34% | 0.22% | -0.31% | -0.52% | -1.22% | -2.25% | -3.33% |
| 2017 | 0.75% | 0.74% | -0.52% | 0.76% | 0.19% | 0.50% | 0.39% | -0.31% | 0.27% | 0.14% | -0.03% | 1.46% | 4.41% |
| 2016 | -0.70% | 0.92% | 1.07% | 1.47% | 0.31% | -0.42% | 1.31% | 1.02% | -0.61% | 0.00% | -1.55% | 2.30% | 5.18% |
| 2015 | 0.20% | 1.66% | -0.42% | 1.14% | 0.19% | -0.41% | -0.03% | -0.82% | -1.31% | 1.45% | -0.34% | 0.76% | 2.03% |
| 2014 | 0.00% | 0.29% | -0.07% | 0.50% | -0.63% | 0.41% | -0.91% | -0.95% | -1.37% | -0.45% | -3.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GSAWX is 91, placing it in the top 9% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Long Short Credit Strategies Fund (GSAWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs Long Short Credit Strategies Fund provided a 6.00% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.47 | $0.43 | $0.34 | $0.31 | $0.41 | $0.54 | $0.54 | $0.48 | $0.48 | $0.48 |
Dividend yield | 6.00% | 5.88% | 5.64% | 3.84% | 3.52% | 4.67% | 6.37% | 5.86% | 5.07% | 5.11% | 4.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Long Short Credit Strategies 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 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.34 | ||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.11 | $0.47 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | $0.43 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 | $0.34 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.09 | $0.31 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 | $0.41 |
| 2018 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 | $0.54 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.34 | $0.54 |
| 2016 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 | $0.48 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 | $0.48 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.32 | $0.48 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Long Short Credit Strategies 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 Long Short Credit Strategies Fund was 16.75%, occurring on Mar 24, 2020. Recovery took 49 trading sessions.
The current Goldman Sachs Long Short Credit Strategies Fund drawdown is 0.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.75% | Feb 20, 2020 | 24 | Mar 24, 2020 | 49 | Jun 3, 2020 | 73 |
| -11.66% | Jan 4, 2022 | 186 | Sep 29, 2022 | 314 | Dec 29, 2023 | 500 |
| -6.15% | Jul 10, 2014 | 112 | Dec 16, 2014 | 333 | Apr 14, 2016 | 445 |
| -4.97% | Sep 5, 2018 | 79 | Dec 27, 2018 | 70 | Apr 9, 2019 | 149 |
| -2.77% | Sep 9, 2016 | 47 | Nov 14, 2016 | 32 | Dec 30, 2016 | 79 |
Volatility
Volatility Chart
The current Goldman Sachs Long Short Credit Strategies Fund volatility is 0.48%, 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.