Fund Evaluator:
Goldman Sachs Income A (GSCHX)
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Best Performing in Multisector Bond Over the Last Year
| 7.1% | Morningstar Multisector Bond (MSTMX) |
| 6.0% | Fidelity Advisor Strategic Income Z (FIWDX) |
| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
| 5.4% | Russell Inv Opportunistic Credit M (RGOTX) |
| 5.2% | Payden Managed Income SI (PKBIX) |
Fund Details
Goldman Sachs Income A Overview
Goldman Sachs Income A (GSCHX) is an actively managed Taxable Bond Multisector Bond fund. Goldman Sachs launched the fund in 2019.
The investment seeks a high level of current income, and secondarily, capital appreciation. 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. The fund invests in a multi-sector portfolio of U.S. and foreign investment grade and non-investment grade fixed income investments of varying maturities.
About Goldman Sachs Income A (GSCHX)
There are 4 members of the management team with an average tenure of 2.29 years: Ben Johnson (2026), John McClain (2026), Aakash Thombre (2020), Lindsay Rosner (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Goldman Sachs Income A has 649 securities in its portfolio. The top 10 holdings constitute 40.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Goldman Sachs Income A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Goldman Sachs Income A has 19.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.2%. There is 0.0% allocated to foreign stock, and 3.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.3% (75.4% domestic bond, 19.8% foreign bond and 0.0% convertible bond). Goldman Sachs Income A has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $1 billion average for the Multisector 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.
GSCHX 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 Income A expense ratio is above average compared to funds in the Multisector Bond category. Goldman Sachs Income A has an expense ratio of 0.64%, which is 32% 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 Income A has a portfolio turnover rate of 427%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, Goldman Sachs Income A returned -0.5%, which earned it a grade of B, as the Multisector Bond category had an average return of -0.7%. 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 Income A has a trailing yield of 5.65%, which is above the 5.31% 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 Income A Grades
Year to date, the fund has returned 0.1%, 0.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.2% over the past year (grade of F), 6.6% over the past three years (grade of C) and 2.5% per year over the past five years (grade of C).
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GSCHX 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 |
|
| GSCHX Return (NAV) | -0.5% | -0.3% | 3.2% | 6.6% | 2.5% | na |
| GSCHX Grade | B | D | F | C | C | na |
| +/- Category | 0.2% | -0.4% | -1.1% | 0.3% | 0.1% | na |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| GSCHX Tax Cost Ratio | na | na | 2.2% | 2.2% | 2.3% | na |
GSCHX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GSCHX Return (NAV) | 0.1% | 8.3% | 6.5% | 11.3% | -12.0% | 1.0% | 8.9% | na | na | na | na |
| GSCHX Grade | D | C | B | A | D | D | A | na | na | na | na |
| +/- Category | -0.7% | 0.2% | 0.8% | 2.9% | -1.9% | -1.2% | 2.6% | na | na | na | na |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 4.2% |
| Total Risk Index: | 0.34 - Low |
| Category Risk Index: | 0.94 - Below Average |
| Category Risk Grade: | B (32% Rank) |
| Beta: | 0.67 |
| R-Squared: | 83% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na Limited Sensitivity |
| Yield: | 5.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $154 Mil |
| Fund Total Assets: | $ 2 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 427% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 6.0 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Thombre Aakash (2020), Rosner Lindsay (2024), Johnson Ben (2026), McClain John (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 649 |
| % in Top 10 Holdings: | 40.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 19.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.2% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 3.2% |
| Domestic Bond: | 75.4% |
| Foreign Bond: | 19.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-526-7384 |
| Website: | www.goldmansachsfunds.com |
| Status: | Open |
| Inception Date: | December 3, 2019 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 3.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.64% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Goldman Sachs Income P |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
