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3 Goldman Sachs Mutual Funds to Buy for 2024 & Beyond
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Goldman Sachs Asset Management (GSAM) is a world-renowned investment management company. As of Sep 30, 2023, it had $2.6 trillion in assets under supervision. GSAM has provided portfolio management, design and advisory services to individual and institutional investors worldwide since 1988.
GSAM offers investment solutions, including fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate, through proprietary strategies, strategic partnerships and open architecture programs. The company’s strategies cover various asset classes, industries and geographies.
GSAM has more than 2,000 employees across 31 offices all over the world. The company has a team of more than 800 investment professionals who capitalize on Goldman Sachs’ technology, risk-management skills and market insights. The fund house provides individuals who wish to increase their wealth through various strategic investment funds.
The fund house has a reputation as a trusted partner and has long-term financial success. Uncertainties over the Federal Reserve’s interest decision could impact corporate performance. Investors who wish to diversify in various asset classes but lack professional expertise in managing funds can consider Goldman Sachs mutual funds.
We have thus selected three Goldman Sachs mutual funds that have not only preserved investors’ wealth but also generated excellent returns amid market uncertainties. These funds have the majority of their investments in sectors such as technology, finance, retail trade and industrial cyclical, which will help in long-term growth and preservation of wealth.
These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000 and carry a low expense ratio compared to the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Goldman Sachs Flexible Cap Investor (GSLLX - Free Report) fund invests most of its assets, along with borrowings, if any, in publicly traded U.S. securities, irrespective of their market capitalization. GSLLX advisors also invest a small portion of their net assets in foreign securities, which include issues from emerging markets quoted in foreign currencies.
Steven M. Barry has been the lead manager of GSLLX since Jan 30, 2008. Most of the fund’s exposure was in companies like Apple (6.6%), Microsoft (6.4%), and Amazon.com (2.8%) as of Aug 31, 2023.
GSLLX’s three-year and five-year annualized returns are almost 10.1% and 13.2%, respectively. GSLLX has an annual expense ratio of 0.72% compared to the category average of 0.84%.
To see how this fund performed compared to its category and other 1, 2, and 3 Ranked Mutual Funds, please click here.
Goldman Sachs Focused Value (GGYPX - Free Report) fund invests most of its assets along with borrowings, if any, in a diversified portfolio of common stocks, preferred stocks and other instruments with equity characteristics. GGYPX advisors choose to invest in quality companies that are undervalued with competitive advantages over the industry peers and have sustainable growth potential.
Kevin Martens has been the lead manager of GGYPX since Dec 26, 2019. Most of the fund’s exposure was in companies like Exxon Mobil (6.1%), Ameren (5.0%) and Salesforce (4.7%) as of Aug 31, 2023.
GGYPX’s three-year and five-year annualized returns are almost 9.8% and 10.4%, respectively. GGYPX has an annual expense ratio of 0.70% compared to the category average of 0.94%.
Goldman Sachs Small-Cap Value (GSXPX - Free Report) fund invests most of its assets along with borrowings, if any, in a diversified portfolio of equity securities in small-cap U.S. companies. GSXPX advisors also invest in foreign issues.
Takashi Suwabe has been the lead manager of GSXPX since Feb 27, 2021, and most of the fund’s exposure is in companies like American Equity Investment Life (1.0%), M/I Homes (0.9%) and Asbury Automotive Group (0.9%) as of Jul 31, 2023.
GSXPX’s three-year and five-year annualized returns are almost 9.2% and 6.0%, respectively. GSXPX has an annual expense ratio of 0.83% compared to the category average of 1.16%.
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3 Goldman Sachs Mutual Funds to Buy for 2024 & Beyond
Goldman Sachs Asset Management (GSAM) is a world-renowned investment management company. As of Sep 30, 2023, it had $2.6 trillion in assets under supervision. GSAM has provided portfolio management, design and advisory services to individual and institutional investors worldwide since 1988.
GSAM offers investment solutions, including fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate, through proprietary strategies, strategic partnerships and open architecture programs. The company’s strategies cover various asset classes, industries and geographies.
GSAM has more than 2,000 employees across 31 offices all over the world. The company has a team of more than 800 investment professionals who capitalize on Goldman Sachs’ technology, risk-management skills and market insights. The fund house provides individuals who wish to increase their wealth through various strategic investment funds.
The fund house has a reputation as a trusted partner and has long-term financial success. Uncertainties over the Federal Reserve’s interest decision could impact corporate performance. Investors who wish to diversify in various asset classes but lack professional expertise in managing funds can consider Goldman Sachs mutual funds.
We have thus selected three Goldman Sachs mutual funds that have not only preserved investors’ wealth but also generated excellent returns amid market uncertainties. These funds have the majority of their investments in sectors such as technology, finance, retail trade and industrial cyclical, which will help in long-term growth and preservation of wealth.
These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000 and carry a low expense ratio compared to the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Goldman Sachs Flexible Cap Investor (GSLLX - Free Report) fund invests most of its assets, along with borrowings, if any, in publicly traded U.S. securities, irrespective of their market capitalization. GSLLX advisors also invest a small portion of their net assets in foreign securities, which include issues from emerging markets quoted in foreign currencies.
Steven M. Barry has been the lead manager of GSLLX since Jan 30, 2008. Most of the fund’s exposure was in companies like Apple (6.6%), Microsoft (6.4%), and Amazon.com (2.8%) as of Aug 31, 2023.
GSLLX’s three-year and five-year annualized returns are almost 10.1% and 13.2%, respectively. GSLLX has an annual expense ratio of 0.72% compared to the category average of 0.84%.
To see how this fund performed compared to its category and other 1, 2, and 3 Ranked Mutual Funds, please click here.
Goldman Sachs Focused Value (GGYPX - Free Report) fund invests most of its assets along with borrowings, if any, in a diversified portfolio of common stocks, preferred stocks and other instruments with equity characteristics. GGYPX advisors choose to invest in quality companies that are undervalued with competitive advantages over the industry peers and have sustainable growth potential.
Kevin Martens has been the lead manager of GGYPX since Dec 26, 2019. Most of the fund’s exposure was in companies like Exxon Mobil (6.1%), Ameren (5.0%) and Salesforce (4.7%) as of Aug 31, 2023.
GGYPX’s three-year and five-year annualized returns are almost 9.8% and 10.4%, respectively. GGYPX has an annual expense ratio of 0.70% compared to the category average of 0.94%.
Goldman Sachs Small-Cap Value (GSXPX - Free Report) fund invests most of its assets along with borrowings, if any, in a diversified portfolio of equity securities in small-cap U.S. companies. GSXPX advisors also invest in foreign issues.
Takashi Suwabe has been the lead manager of GSXPX since Feb 27, 2021, and most of the fund’s exposure is in companies like American Equity Investment Life (1.0%), M/I Homes (0.9%) and Asbury Automotive Group (0.9%) as of Jul 31, 2023.
GSXPX’s three-year and five-year annualized returns are almost 9.2% and 6.0%, respectively. GSXPX has an annual expense ratio of 0.83% compared to the category average of 1.16%.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>