GSFSX Performance — Goldman Sachs Short Duration Tax-Free Fund, Service Class
Data updated: 2026-08-26
GSFSX returned +1.20% year to date and +3.31% over one year to Jun 2026. Annualised returns are +3.14% over 3 years and +1.22% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $110, against $111 for the category, and to $103 over one year, against $104. Volatility over the past three years was 1.85% a year. In the 12 months to Jun 2026 the fund took in a net $434.4M, and assets reached $5.30B.
GSFSX Growth of $100
What $100 invested in Goldman Sachs Short Duration Tax-Free Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | GSFSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $104 |
| 3 years (Jul 2023 – Jun 2026) | $110 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $106 | $108 |
| Since data start (Jul 2019 – Jun 2026) | $109 | $113 |
GSFSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.20% |
| 1 year | +3.31% |
| 3 years (annualised) | +3.14% |
| 5 years (annualised) | +1.22% |
GSFSX Annual Returns
Calendar-year total returns of Goldman Sachs Short Duration Tax-Free Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.20% |
| 2025 | +3.57% |
| 2024 | +2.48% |
| 2023 | +3.45% |
| 2022 | −4.02% |
| 2021 | −0.18% |
| 2020 | +1.99% |
| 2019 (Jul–Dec) | +0.82% |
GSFSX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +0.5% | −0.8% | +0.3% | +0.2% | +0.4% | — | — | — | — | — | — |
| 2025 | +0.5% | +0.5% | −0.3% | −0.3% | +0.5% | +0.5% | +0.5% | +0.5% | +0.4% | +0.1% | +0.2% | +0.3% |
| 2024 | +0.1% | +0.2% | −0.1% | −0.2% | −0.1% | +0.8% | +0.7% | +0.7% | +0.4% | −0.5% | +0.5% | −0.2% |
| 2023 | +1.3% | −1.2% | +1.2% | −0.2% | −0.3% | +0.5% | +0.2% | −0.2% | −0.9% | −0.1% | +2.2% | +0.9% |
| 2022 | −1.5% | −0.3% | −1.5% | −1.2% | +0.8% | −0.4% | +1.0% | −1.2% | −1.5% | −0.2% | +1.7% | +0.2% |
| 2021 | +0.2% | −0.5% | +0.1% | +0.2% | +0.1% | −0.1% | +0.2% | −0.1% | −0.3% | −0.2% | +0.1% | −0.1% |
| 2020 | +0.7% | +0.4% | −1.8% | −0.3% | +1.2% | +0.6% | +0.6% | 0.0% | 0.0% | −0.1% | +0.4% | +0.3% |
| 2019 | — | — | — | — | — | — | +0.4% | +0.3% | −0.4% | +0.2% | +0.1% | +0.2% |
GSFSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 1.85%
- 3-year Sharpe ratio: -0.74 (vs 4.5% risk-free rate)
- Best month: +2.19% (Nov 2023)
- Worst month: −0.88% (Sep 2023)
GSFSX Fund Flows
Monthly money in and out of Goldman Sachs Short Duration Tax-Free Fund, from SEC Form N-PORT.
- 12-month net flow: $434.4M
- 12-month gross sales (incl. reinvestments): $2.7B
- Sales ÷ redemptions: 1.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $250.5M | $208.7M | $41.8M |
| May 2026 | $225.8M | $140.0M | $85.8M |
| Apr 2026 | $223.5M | $239.5M | −$16.0M |
| Mar 2026 | $271.7M | $239.6M | $32.1M |
| Feb 2026 | $262.0M | $331.5M | −$69.5M |
| Jan 2026 | $234.3M | $183.8M | $50.6M |
| Dec 2025 | $262.8M | $160.6M | $102.2M |
| Nov 2025 | $175.2M | $125.4M | $49.8M |
| Oct 2025 | $167.2M | $163.7M | $3.5M |
| Sep 2025 | $173.5M | $298.6M | −$125.0M |
| Aug 2025 | $224.0M | $109.6M | $114.4M |
| Jul 2025 | $274.7M | $109.9M | $164.7M |
GSFSX Assets Under Management
Net assets of Goldman Sachs Short Duration Tax-Free Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $5.30B |
| 2026-03-31 | $5.18B |
| 2025-12-31 | $5.18B |
| 2025-09-30 | $5.03B |
| 2025-06-30 | $4.84B |
| 2025-03-31 | $4.90B |
| 2024-12-31 | $4.87B |
| 2024-09-30 | $4.94B |
| 2024-06-30 | $4.79B |
| 2024-03-31 | $4.97B |
| 2023-12-31 | $5.08B |
| 2023-09-29 | $5.57B |
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.