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. With 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 three 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 Goldman Sachs mutual funds.
Goldman Sachs High Yield Muni IR (GYIRX - Free Report) invests a large share of its assets in high yield municipal securities that provide interest income free from regular federal income tax. GYIRX focuses on acquiring securities that are rated non-investment grade or medium quality. Goldman Sachs High Yield Muni IR has one-year annualized returns of 6.6%.
Annual expense ratio of 0.60% is lower than the category average of 0.92%.
Goldman Sachs Dynamic Municipal Income Investor (GUIRX - Free Report) seeks growth of income, which is free from regular federal income tax. GUIRX invests a large chunk of its assets in fixed income securities, which are issued by or on behalf of U.S. territories and states. These fixed income securities offer regular federal income tax-exempted interest. Goldman Sachs Dynamic Municipal Income Investor has one-year annualized returns of 4.1%.
Scott Diamond is one of the fund managers of GUIRX since 2002.
Goldman Sachs Small Cap Growth Insights Investor (GSTOX - Free Report) maintains a diversified portfolio by investing primarily in equity securities of companies whose market-cap is similar to those on the Russell 2000 index. The fund may also invest in fixed income securities believed to be cash equivalents. Goldman Sachs Small Cap Growth Insights Investor has one-year annualized returns of 32.9%.
As of July 2018, GSTOX held 422 issues, with 2.83% of its assets invested in E-Mini Russ 2000 Sep18 Xcme 20180921.
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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