Goldman Sachs Short Dur T/F Instl  GSDUX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni National Short Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   2.42 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 10.45
  
YTD Return % (2009-11-20)
5.97%
  
Total Assets ($ mil)
1,883
View Data Definitions
  Performance    
Growth of $10,000 Fund: Goldman Sachs Short Dur T/F Instl
(from 1999-01-01 to 2009-10-31) Category: Muni National Short
Index:
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1992-10-01 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 5.97 5.93 4.23 3.46 3.72 3.88
+/- Category 1.17 0.58 1.18 0.83 0.24 ---
+/- -6.17 -5.74 -0.02 -0.90 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 5.66 6.33 4.26 3.41 3.74 3.92
Month-End (as of 2009-10-31) 5.34 6.33 4.05 3.29 3.72 3.88
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 6.33 4.05 3.29 3.72 ---
On Distribution & Sale of Shares --- 5.13 3.94 3.28 3.66 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 123 funds), (5 yrs : out of 117 funds), (10 yrs : out of 64 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 27.34
Advance Refunded 1.61
State Appropriated Tobacco 0.41
Non-state Appropriated Tobacco 7.74
Education 4.37
Health 3.51
Housing 1.19
Industrial 4.39
Transportation 1.97
Utilities 2.96
Water/Sewer 4.25
Misc. Revenue 40.25
Bond Quality % of Bonds
AAA 39.3
AA 28.7
A 16.9
BBB 14.3
BB 0.8
B 0.0
Below B 0.0
Not Rated 0.0
 
Asset Allocation
% of Net Assets
Cash 12.8
Stocks 0.0
Bonds 87.2
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 33
Total Number of Bond Holdings 415 30 Day SEC Yield % 1.90
% of Assets in Top 10 Holdings 10.94 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
FHLBA 1.625% 2011-07-27 35,000 35,416 2.43
NEW YORK N Y CITY TRANSITIONAL FUTURE TA 2012-11-01 17,250 18,216 1.25
PUERTO RICO PUB FIN CORP COMMONWEA 2031-08-01 16,220 16,734 1.15
Federal Hm Ln Bks 2013-10-18 15,000 15,836 1.09
New York St Twy Auth 4% 2011-07-15 15,000 15,802 1.09
Tulsa Cnty Okla Indl Auth 4% 2016-05-15 10,965 11,658 0.80
Pennsylvania St Go Ref Bd 5% 2012-07-01 10,515 11,615 0.80
East Baton Rouge Parish La Pol Pollutn C 2019-11-01 11,500 11,500 0.79
Badger Tob Asset Securitizatio Asset- 6% 2017-06-01 10,000 11,203 0.77
Dekalb Cnty Ga Sch Dist 5% 2013-02-01 10,000 11,196 0.77
Data through 2009-09-30
  Other Information
Fund Inception: 1992-10-01
Portfolio Manager  (Start Date)
Ben Barber  (1999-12-21)
Barber is managing director and portfolio manager with Goldman Sachs Asset Management, his employer since 1999. Prior to joining the firm, he was with Franklin Advisers from 1991 to 1999. Barber is a member of the National Federation of Municipal Analysts, the California Society of Municipal Analysts and the Municipal Bond Club of San Francisco.
Scott Diamond  (2002-12-31)
Mr. Diamond joined the Investment Adviser in 2002 as a portfolio manager. Before joining the Investment Adviser, Mr. Diamond worked for Prudential Financial for nine years where he served as the portfolio manager for national and state specific mutual funds, as well as managing the municipal portfolio of several institutional accounts.
Sales Charge %
(taken from prospectus dated 2009-07-29)
Front: None
Deferred: None
Expense Ratio % 0.39
based on net assets
(taken from annual report dated 2009-03-31)
Correspondence Information
180 Maiden Ln Fl 37

New York,  NY  100384925
Telephone:
800-621-2550
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.