Fund Evaluator:
Goldman Sachs Short Dur T/F R6 (GDUSX)
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Fund Details
Goldman Sachs Short Dur T/F R6 Overview
Goldman Sachs Short Dur T/F R6 (GDUSX) is an actively managed Municipal Bond Muni National Short fund. Goldman Sachs launched the fund in 2017.
The investment seeks a high level of current income, consistent with relatively low volatility of principal, that is exempt from regular federal income tax. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in fixed income securities issued by or on behalf of states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax, and is not a tax preference item under the federal alternative minimum tax.
About Goldman Sachs Short Dur T/F R6 (GDUSX)
There are 3 members of the management team with an average tenure of 12.00 years: Joseph Wenzel (2019), Sylvia Yeh (2021), Scott Diamond (2002). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg Municipal 1-3 Y Blend TR USD index with a weighting of 100%. Goldman Sachs Short Dur T/F R6 has 1777 securities in its portfolio. The top 10 holdings constitute 10.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Goldman Sachs Short Dur T/F R6 is part of the Fixed Income global asset class and is within the Municipal Bond fund group. Goldman Sachs Short Dur T/F R6 has 5.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.8% (90.2% domestic bond, 5.6% foreign bond and 0.0% convertible bond). Goldman Sachs Short Dur T/F R6 has 4.2% of the portfolio in cash.
Assets Under Management
The fund has $429 million in total assets, which is below the $633 million average for the Muni National Short category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GDUSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Short Dur T/F R6 expense ratio is below average compared to funds in the Muni National Short category. Goldman Sachs Short Dur T/F R6 has an expense ratio of 0.38%, which is 34% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Short Dur T/F R6 has a portfolio turnover rate of 39%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Muni National Short category.
Recently, in the month of July 2026, Goldman Sachs Short Dur T/F R6 returned -0.3%, which earned it a grade of B, as the Muni National Short category had an average return of -0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Goldman Sachs Short Dur T/F R6 has a trailing yield of 3.12%, which is above the 2.78% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Goldman Sachs Short Dur T/F R6 Grades
Year to date, the fund has returned 1.0%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 2.8% over the past year (grade of B), 3.4% over the past three years (grade of B) and 1.6% per year over the past five years (grade of C) and 1.8% per year over the past 10 years (grade of B).
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GDUSX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GDUSX Return (NAV) | -0.3% | 0.3% | 2.8% | 3.4% | 1.6% | 1.8% |
| GDUSX Grade | B | B | B | B | C | B |
| +/- Category | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% |
| Muni National Short Avg | -0.5% | 0.1% | 2.7% | 3.2% | 1.5% | 1.5% |
| GDUSX Tax Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
GDUSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GDUSX Return (NAV) | 1.0% | 4.2% | 2.9% | 4.0% | -3.5% | 0.3% | 2.5% | 3.6% | 2.5% | 1.8% | 0.3% |
| GDUSX Grade | B | B | B | B | C | B | C | C | A | C | B |
| +/- Category | 0.2% | 0.2% | 0.3% | 0.1% | -0.3% | -0.1% | 0.1% | 0.2% | 1.3% | -0.1% | 0.4% |
| Muni National Short Avg | 0.8% | 4.0% | 2.6% | 3.9% | -3.2% | 0.4% | 2.4% | 3.4% | 1.2% | 1.9% | -0.1% |
| Risk Measures | |
| Standard Deviation: | 1.9% |
| Total Risk Index: | 0.15 - Low |
| Category Risk Index: | 0.92 - Below Average |
| Category Risk Grade: | B (38% Rank) |
| Beta: | 0.31 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $5471 Mil |
| Fund Total Assets: | $ 430 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 39% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 23.6 years | |||
| Average Tenure: 12.0 years | |||
| Managers (Year): Diamond Scott (2002), Wenzel Joseph (2019), Yeh Sylvia (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 1777 |
| % in Top 10 Holdings: | 10.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 5.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 90.2% |
| Foreign Bond: | 5.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.2% |
Purchase Information
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-621-2550 |
| Website: | www.goldmansachsfunds.com |
| Status: | Open |
| Inception Date: | November 30, 2017 |
| Min. Initial Purchase: | $5,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.38% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.58% |
| Share Class: | Goldman Sachs Short Dur T/F Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
