Goldman Sachs Asset Management (GSAM) has been offering financial services including investment and advisory solutions, and risk-management expertise to institutional and individual investors throughout the world since 1988. With more than $1 trillion assets under management, GSAM is considered one of the world's leading financial management companies.
GSAM prides itself in having more than 2,000 professionals in 30 offices worldwide. Its investment teams have more than 650 investment professionals, who capitalize on the technology, risk management skill and market insights of Goldman Sachs. The fund family develops investment strategies with respect to geographical regions, industries and asset classes.
Below we share with you three top-ranked Goldman Sachs mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Goldman Sachs mutual funds .
Goldman Sachs High Yield Muni A GHYAX invests the bulk of its assets in fixed income securities, whose interest is exempted from regular federal income tax. The fixed income securities are issued on behalf of territories and states of the United States. Goldman Sachs High Yield Muni A has three-year annualized returns of 5.4%.
Scott Diamond is one of the fund managers of GHYAX since 2002.
Goldman Sachs Growth & Income Strategy A GOIAX seeks growth of capital and income over the long run. GOIAX invests around 55% of its assets in underlying equity funds, around 30% of its assets in underlying fixed income funds and around 15% of its assets in underlying dynamic funds. Goldman Sachs Growth & Income Strategy A has three-year annualized returns of 5.5%.
GOIAX has an expense ratio of 0.59% compared with the category average of 1.36%.
Goldman Sachs Large Cap Growth Insights Investor GLCTX maintains a diversified portfolio of equity investments by investing heavily in large-cap domestic companies, including foreign companies that are traded in the United States. GLCTX seeks long-term growth of capital and dividend income. Goldman Sachs Large Cap Growth Insights Investor has three-year annualized returns of 13%.
As of January 2018, GLCTX held 142 issues, with 5.25% of its assets invested in Apple Inc.
To view the Zacks Rank and past performance of all Goldman Sachs mutual funds, investors can click here to see the complete list of Goldman Sachs mutual funds .
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (GOIAX): Fund Analysis Report Get Your Free (GHYAX): Fund Analysis Report Get Your Free (GLCTX): Fund Analysis Report To read this article on Zacks.com click here.