The Goldman Sachs High Yield Floating Rate Fund (GFRCX) is a mutual fund that primarily invests in high-yield, floating rate debt securities. These securities typically have a variable interest rate that adjusts periodically based on market conditions, providing potential for higher returns. The fund is managed by Goldman Sachs Asset Management and aims to provide investors with a diversified portfolio of high-yield bonds while managing risk through active management strategies. The "C Shs" in the fund name indicates that it is a share class of the fund, typically offered to institutional or high net worth investors.