Goldman Sachs Short-Term Conservative Income Fund

C000136681 Fund Overview

Goldman Sachs Short-Term Conservative Income Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Goldman Sachs Trust
• Category: Short Corporate Bond
• Assets under management: $2.01B
• 1-year return: 5.5%
• SEC CIK: 0000822977
• SEC series ID: S000044037
• Share class ID: C000136681

C000136681 Investment Objective and Strategy

Goldman Sachs Short-Term Conservative Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Trust.

Investment objective

The Goldman Sachs Short-Term Conservative Income Fund (the “Fund”) seeks to generate current income and

Principal investment strategy

The Fund pursues its investment objective by investing in a broad range of high quality, U.S. dollar-denominated fixed income instruments, including obligations issued or guaranteed by the U.S. Government, its agencies, authorities, instrumentalities or sponsored enterprises (U.S. Government Securities), obligations of U.S. banks, corporate notes, commercial paper and other short-term obligations of U.S. companies, certificates of deposit, states, municipalities and other entities, fixed and floating rate asset-backed securities and repurchase agreements. The Fund may also invest in U.S. dollar-denominated obligations issued or guaranteed by foreign banks, companies and governments or their agencies, authorities, instrumentalities or sponsored enterprises. The Fund will not invest in mortgage-backed securities or derivatives.

In pursuing the Funds investment objective, the Investment Adviser will seek to enhance the Funds return by identifying those high quality, U.S. dollar-denominated fixed income instruments that are within the maturity guidelines discussed below and that the Investment Adviser believes offer attractive yields relative to other similar securities, consistent with preservation of capital and liquidity. The Fund will concentrate its investments in the financial services group of industries. Therefore, under normal circumstances, the Fund will invest more than 25% of its total assets in securities issued by companies in the financial services group of industries and repurchase agreements secured by such obligations. The Fund may, however, invest less than 25% of its total assets in this group of industries as a temporary defensive position.

The Funds benchmarks are the Bloomberg Barclays Short-Term Government/Corporate Index and the ICE BofAML 3-6 Month U.S. Treasury Bill Index. Credit Quality Guidelines The Fund will invest at least 85% of its total assets in securities (or the issuers of such securities) that are rated, at the time of purchase, in the highest short-term credit rating category by at least one nationally recognized statistical rating organization (NRSRO) (A-1, P-1, or F1 by Standard & Poors Ratings Services (Standard & Poors), Moodys Investors Service, Inc. (Moodys) or Fitch Ratings, Inc. (Fitch), respectively), or, if such securities only maintain long term ratings or are unrated, determined by the Investment Adviser to be of comparable credit quality at the time of purchase. The remainder of the Funds investments will carry a minimum short-term credit rating of A-2, P-2, or F2 by Standard & Poors, Moodys or Fitch, respectively, at the time of purchase, or, if such securities only maintain long term ratings or are unrated, determined by the Investment Adviser to be of comparable credit quality at the time of purchase.

The Fund may also rely on the credit quality of a guarantee or demand feature in determining the credit quality of a security supported by the guarantee or demand feature. Maturity Guidelines Except for floating rate and variable rate securities, the Fund will invest in securities that have remaining maturities of two years or less at the time of purchase, with limited exceptions where a security has maturity shortening features (e.g., demand features). Floating rate and variable rate securities must have remaining maturities of three years or less at the time of purchase, with limited exceptions where a security has maturity shortening features (e.g., demand features). The Fund will maintain a dollar-weighted average portfolio maturity (WAM) that does not exceed approximately nine months and a dollar-weighted average portfolio life (WAL) that does not exceed approximately one year.

THE FUND IS NOT A MONEY MARKET FUND AND DOES NOT ATTEMPT TO MAINTAIN A STABLE NET ASSET VALUE. Investment Philosophy The Fund is managed to seek to generate current income and secondarily maintain an emphasis on preservation of capital and liquidity. The Investment Adviser follows a conservative, risk-managed investment process. Global fixed income markets are constantly evolving and are highly diversewith a large number of countries, currencies, sectors, issuers and securities. We believe that inefficiencies in these complex markets cause bond prices to diverge from their fair value. To capitalize on these inefficiencies and generate consistent risk-adjusted performance, we believe it is critical to: Thoughtfully combine diversified sources of return by employing multiple strategies Take a global perspective to uncover relative value opportunities Employ focused specialist teams to identify short-term mispricings and incorporate long-term views Emphasize a risk-aware approach as we view risk management as both an offensive and defensive tool Build a strong team of skilled investors who excel on behalf of our clients

C000136681 Holdings

Top 10 holdings of Goldman Sachs Short-Term Conservative Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000136681 holdings

C000136681 Portfolio Allocation

Asset-class allocation of Goldman Sachs Short-Term Conservative Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000136681 Performance

Total returns for C000136681 (as of 2026-10-01), from SEC filings.

C000136681 Risk Information

Risk metrics for C000136681, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 0.4%

C000136681 Costs and Fees

C000136681 costs about $50 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.50%
• Gross expense ratio: 0.58%
• Portfolio turnover: 115%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000136681 Cashflows

Over the 12 months to 2026-06, Goldman Sachs Short-Term Conservative Income Fund had net outflows of $127.19M, from monthly SEC N-PORT filings.

C000136681 Debt Constituents

Largest debt holdings of Goldman Sachs Short-Term Conservative Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000136681 Prospectus and SEC Filings

Official Goldman Sachs Short-Term Conservative Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-07-29
• Prospectus (485BPOS) — filed 2025-07-28
• Prospectus (485BPOS) — filed 2024-07-26
• Portfolio holdings (N-PORT) — filed 2026-08-26
• Portfolio holdings (N-PORT) — filed 2026-05-26
• Portfolio holdings (N-PORT) — filed 2026-02-23
• Annual census (N-CEN) — filed 2026-06-12
• Annual census (N-CEN) — filed 2025-06-13

Related Funds

Other Short Corporate Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Investment-Grade Fund (VFSTX)
• Vanguard Short-Term Corporate Bond Index Fund (VSCSX)
• American High Income Trust (AHITX)
• Vanguard High-Yield Corporate Fund (VWEHX)
• PGIM High Yield Fund (JDYRX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.