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Is Goldman Sachs Income Builder C Fund (GSBCX) Worth Another Look?

GSBCX

Trades from $3

Goldman Sachs Income Builder C (GSBCX - Free Report) a Zacks Rank #2 (Buy) was incepted in May 1996 and is managed by Goldman Sachs Asset Management. The objective of GSBCX is to provide long-term growth of capital and current income. GSBCX seeks growth of capital primarily through equity investments. The fund seeks to provide current income through investment in fixed-income securities (bonds). Dividends are distributed quarterly. Capital gains are distributed annually.

This fund, as of the last filing, allocates their fund in six major groups; High Yield Bond, Large Value, Foreign Bond, Intermediate Bond, Foreign Stock and Large Growth. Further, as of the last filing, Wells Fargo, Verizon and Exxon Mobil were the top holdings for GSBCX.

Goldman Sachs Income Builder C, managed by Goldman Sachs, carries an expense ratio of 1.73%. Moreover, GSBCX requires a minimal initial investment of $1,000.

GSBCX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 2.26%, 3 year 2.29% and 5 year 6.51%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

GSBCX’s performance, as of the last filing, when compared to funds in its category was in the top 57% in 1 year, top 77% over the past 3 years, and in the 59% over the past 5 years.

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