4 Best Goldman Sachs Mutual Funds for Great Returns
Incepted in 1988, Goldman Sachs Asset Management (GSAM) seeks to provide financial services including investment and advisory solutions, and risk-management expertise to institutional and individual investors throughout the globe.
Flaunting more than $1 trillion assets under management, GSAM is considered one of the world’s leading financial management companies, with more than 2,000 professionals in 30 offices worldwide. The fund family develops investment strategies with respect to geographical regions, industries and asset classes.
Below we share with you four top-ranked Goldman Sachs mutual funds. Each has 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 funds.
Goldman Sachs High Yield Municipal Fund Class A GHYAX invests the majority of its assets in fixed income securities issued by or on behalf of states, territories and possessions of the United States, and political subdivisions, agencies and instrumentalities thereof, the interest on which is exempted from regular federal income tax.The fund aims for high current income that is exempted from regular federal income tax. GHYAX has three and five-year annualized returns of 6.2% and 6%, respectively.
As of March 2019, GHYAX held 1419 issues, with 2.42% of its assets invested in Swap/12/21/2041/P:usd 2.25000 /R:usd/Libor/3m.
Goldman Sachs Global Income Fund Investor Shares GBIRX aims for high total returns by focusing on current income and second on capital growth. The fund invests most of its net assets and any borrowings in fixed-income securities of U.S. and non-U.S. companies. GBIRX has three and five-year annualized returns of 2.7% and 3%, respectively.
GBIRX has an expense ratio of 0.78% as compared to the category average of 0.82%.
Goldman Sachs Small Cap Equity Insights Fund Investor Class GDSTX aims for capital growth over the long term. The fund invests the majority of its assets in a broadly diversified portfolio of equity investments in small capitalization U.S. issuers and foreign issuers that are traded in the United States.GDSTX has three and five-year annualized returns of 9.4% and 7.5%, respectively.
GDSTX has an expense ratio of 0.98% as compared with the category average of 1.14%.
Goldman Sachs Dynamic Municipal Income Fund Investor Class GUIRX aims for a high level of current income that is exempted from regular federal income tax. The fund invests a chunk of its assets in fixed income securities that are issued by or on behalf of states, territories and possessions of the United States, and political subdivisions, agencies and instrumentalities thereof, the interest on which is exempted from regular federal income tax. GUIRXhas three and five-year annualized returns of 4% and 3.9%, respectively.
Ben Barber is one of the fund managers of GUIRX since 1999.
To view the Zacks Rank and past performance of all Goldman Sachs mutual funds, investors can click here to see the complete list of funds.
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