GSAZX Performance — Goldman Sachs Short Duration High Yield Fund, Class R
Data updated: 2026-08-26
GSAZX returned +7.45% over one year to Feb 2024. The annualised 3-year return is −0.15%. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $100, against $105 for the category, and to $107 over one year, against $110. Volatility over the past three years was 6.30% a year. In the 12 months to Jun 2026 the fund lost a net $5.2M, and assets reached $31.42M.
GSAZX Growth of $100
What $100 invested in Goldman Sachs Short Duration High Yield Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | GSAZX | Category average |
|---|---|---|
| 1 year (Mar 2023 – Feb 2024) | $107 | $110 |
| 3 years (Mar 2021 – Feb 2024) | $100 | $105 |
| Since data start (Jul 2019 – Feb 2024) | $109 | $114 |
GSAZX Trailing Returns
Total returns to Feb 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +7.45% |
| 3 years (annualised) | −0.15% |
GSAZX Annual Returns
Calendar-year total returns of Goldman Sachs Short Duration High Yield Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Feb) | −0.12% |
| 2023 | +9.71% |
| 2022 | −9.55% |
| 2021 | +0.88% |
| 2020 | +6.04% |
| 2019 (Jul–Dec) | +2.49% |
GSAZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.1% | −0.2% | — | — | — | — | — | — | — | — | — | — |
| 2023 | +3.0% | −0.9% | +0.5% | +0.8% | −1.4% | +1.6% | +1.5% | +0.5% | −0.5% | −0.9% | +2.9% | +2.5% |
| 2022 | −1.6% | −0.8% | −0.6% | −2.3% | −0.4% | −5.2% | +4.4% | −1.2% | −4.3% | +2.0% | +0.8% | −0.5% |
| 2021 | +0.5% | −0.1% | −0.4% | +0.6% | +0.1% | +0.9% | +0.2% | +0.1% | +0.2% | −0.4% | −0.8% | +0.1% |
| 2020 | −0.1% | −1.0% | −7.3% | +4.0% | +4.4% | +0.4% | +3.4% | −0.1% | −0.3% | +0.4% | +1.5% | +1.1% |
| 2019 | — | — | — | — | — | — | +0.9% | +0.1% | +0.2% | −0.4% | +0.4% | +1.3% |
GSAZX Risk
Risk measures from monthly returns over Mar 2021 – Feb 2024.
- 3-year volatility (annualised): 6.30%
- 3-year Sharpe ratio: -0.74 (vs 4.5% risk-free rate)
- Best month: +4.39% (Jul 2022)
- Worst month: −5.19% (Jun 2022)
GSAZX Fund Flows
Monthly money in and out of Goldman Sachs Short Duration High Yield Fund, from SEC Form N-PORT.
- 12-month net flow: −$5.2M
- 12-month gross sales (incl. reinvestments): $10.1M
- Sales ÷ redemptions: 0.66×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $279K | $7.4M | −$7.1M |
| May 2026 | $1.6M | $102K | $1.5M |
| Apr 2026 | $216K | $1.7M | −$1.5M |
| Mar 2026 | $175K | $114K | $61K |
| Feb 2026 | $4.3M | $206K | $4.1M |
| Jan 2026 | $1.8M | $611K | $1.2M |
| Dec 2025 | $171K | $640K | −$469K |
| Nov 2025 | $207K | $412K | −$205K |
| Oct 2025 | $281K | $1.1M | −$829K |
| Sep 2025 | $211K | $2.4M | −$2.2M |
| Aug 2025 | $258K | $184K | $74K |
| Jul 2025 | $528K | $374K | $154K |
GSAZX Assets Under Management
Net assets of Goldman Sachs Short Duration High Yield Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $31.42M |
| 2026-03-31 | $38.31M |
| 2025-12-31 | $33.57M |
| 2025-09-30 | $35.20M |
| 2025-06-30 | $37.17M |
| 2025-03-31 | $43.01M |
| 2024-12-31 | $48.29M |
| 2024-09-30 | $45.87M |
| 2024-06-30 | $44.33M |
| 2024-03-31 | $47.89M |
| 2023-12-31 | $44.54M |
| 2023-09-30 | $49.24M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.