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3 Mutual Funds From Goldman Sachs Portfolio to Watch Out

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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 globe 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 all over the globe. 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 - Free Report) 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 returned 8.5% over the last year.

Scott Diamond is one of the fund managers of GHYAX since 2002. 

Goldman Sachs Large Cap Growth Insights A (GLCGX - Free Report) seeks long-term capital appreciation. GLCGX invests a large portion of its assets in a broadly diversified portfolio of equity investments in large-cap U.S. issuers and non-U.S. issuers traded in the United States. The fund may also invest in securities that offer fixed income and are considered equivalent to cash. Goldman Sachs Large Cap Growth Insights A has returned 35.3% in a year’s time.

GLCGX has an expense ratio of 0.96% as compared with the category average of 1.11%.

Goldman Sachs High Quality Floating Rate IR  invests a bulk of its assets in securities, which bear variable rate obligations or a high-quality floating rate. Although it may invest in foreign issuers, it aims to invest all its assets in securities denominated in U.S. dollar. Goldman Sachs High Quality Floating Rate IR has one-year annualized returns of 1.6%.

As of September 2017, GTATX held 293 issues, with 2.69% of its assets invested in FNMA CMO.

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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