The fund invests primarily in high quality municipal bonds, rated AAA and AA, with an average maturity of three years. It also can take advantage of opportunities across the entire investment grade spectrum.
Investors looking for income can benefit from the stability of short-term municipal bonds that historically have had low default rates and low volatility. Since inception the fund has exhibited net asset value stability and consistent positive returns in most time periods.
GSAM has a history managing short-term high quality portfolios since 1988, and as of December 31, 2012, currently manages $30 billion in municipal bonds. The team actively manages the fund leveraging dedicated credit resources, yield curve analysis, strategic maturity distribution and disciplined risk management.
Please contact a Goldman Sachs relationship manager for more information