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. It has 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 funds.
Goldman Sachs Blue Chip Fund Class C (GCGVX - Free Report) seeks appreciation of capital in the long run. The fund invests the lion’s share of its assets in a diverse portfolio of blue-chip companies. Additionally, the fund may invest up to a fifth of its assets in securities of foreign companies. Goldman Sachs Blue Chip Fund Class C has three-year annualized returns of 13.7%.
As of September 2019, GCGVX held 48 issues, with 5.11% of its assets invested in Microsoft Corp.
GS High Yield Municipal Fund Investor Class (GYIRX - 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. GYIRX has three-year annualized returns of 8.4%.
GYIRX has an expense ratio of 0.61% as compared to the category average of 0.94%.
Goldman Sachs Small Cap Growth Insights Fund Investor Class (GSTOX - Free Report) seeks appreciation of capital in the long run. The fund invests the lion’s share of its assets in a diverse portfolio of small-cap domestic companies as well as foreign companies that are traded within the United States. Small-cap companies are those that have market capitalization similar to those constituting the Russell 2000 Index. GSTOX has three-year annualized returns of 11.5%.
Len Ioffe is one of the fund managers of GXSAX since 2011.
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.
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 >>