Fund Evaluator:
Goldman Sachs Enhanced Income R6 (GEIUX)
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Fund Details
Goldman Sachs Enhanced Income R6 Overview
Goldman Sachs Enhanced Income R6 (GEIUX) is an actively managed Taxable Bond Ultrashort Bond fund. Goldman Sachs launched the fund in 2015.
The investment seeks to generate return in excess of traditional money market products while maintaining an emphasis on preservation of capital and liquidity. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in fixed income securities and derivatives that have similar economic characteristics to such securities. The fund may also invest in fixed income securities issued by or on behalf of states, territories, and possessions of the United States.
About Goldman Sachs Enhanced Income R6 (GEIUX)
There are 3 members of the management team with an average tenure of 4.50 years: John Olivo (2016), Tasneem Nalwala (2024), Shaun Cullinan (2025). 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 ICE BofA 1-Y US Trsy Note TR USD index with a weighting of 100%. Goldman Sachs Enhanced Income R6 has 247 securities in its portfolio. The top 10 holdings constitute 32.2% 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 Enhanced Income R6 is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Goldman Sachs Enhanced Income R6 has 33.3% 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 92.7% (59.3% domestic bond, 33.3% foreign bond and 0.0% convertible bond). Goldman Sachs Enhanced Income R6 has 7.4% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $950 million average for the Ultrashort Bond 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.
GEIUX 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 Enhanced Income R6 expense ratio is below average compared to funds in the Ultrashort Bond category. Goldman Sachs Enhanced Income R6 has an expense ratio of 0.34%, which is 24% 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 Enhanced Income R6 has a portfolio turnover rate of 65%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Ultrashort Bond category.
Recently, in the month of July 2026, Goldman Sachs Enhanced Income R6 returned 0.3%, which earned it a grade of B, as the Ultrashort Bond category had an average return of 0.3%. 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 Enhanced Income R6 has a trailing yield of 4.07%, which is below the 4.21% category average. The fund normally distributes its income monthly.
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 Enhanced Income R6 Grades
Year to date, the fund has returned 1.7%, 0.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.9% over the past year (grade of D), 4.9% over the past three years (grade of D) and 3.3% per year over the past five years (grade of F) and 2.6% per year over the past 10 years (grade of C).
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GEIUX 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 |
|
| GEIUX Return (NAV) | 0.3% | 0.8% | 3.9% | 4.9% | 3.3% | 2.6% |
| GEIUX Grade | B | F | D | D | F | C |
| +/- Category | 0.0% | -0.1% | -0.2% | -0.3% | -0.4% | -0.1% |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.1% | 5.2% | 3.6% | 2.7% |
| GEIUX Tax Cost Ratio | na | na | 1.6% | 1.6% | 1.3% | 1.0% |
GEIUX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GEIUX Return (NAV) | 1.7% | 4.7% | 5.2% | 6.2% | -1.2% | 0.1% | 2.5% | 3.4% | 1.7% | 1.4% | 1.5% |
| GEIUX Grade | F | C | F | B | F | C | A | B | C | C | C |
| +/- Category | -0.4% | -0.1% | -0.6% | 0.3% | -1.0% | -0.0% | 1.0% | 0.3% | 0.1% | -0.1% | -0.0% |
| Ultrashort Bond Avg | 2.1% | 4.9% | 5.9% | 5.9% | -0.2% | 0.1% | 1.5% | 3.1% | 1.7% | 1.6% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 0.8% |
| Total Risk Index: | 0.07 - Low |
| Category Risk Index: | 1.47 - High |
| Category Risk Grade: | F (89% Rank) |
| Beta: | 0.12 |
| R-Squared: | 75% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 4.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $505 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 65% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.5 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Olivo John (2016), Nalwala Tasneem (2024), Cullinan Shaun (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 247 |
| % in Top 10 Holdings: | 32.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 33.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 59.3% |
| Foreign Bond: | 33.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 7.4% |
Purchase Information
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-526-7384 |
| Website: | www.goldmansachsfunds.com |
| Status: | Open |
| Inception Date: | July 31, 2015 |
| 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 (%): | 0.34% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.45% |
| Share Class: | Goldman Sachs Enhanced Income Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
