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 U.S. Mortgages Fund Class A Shares GSUAX aims for a high level of total return consisting of income and capital appreciation. The fund invests the majority of its net assets in securities representing direct or indirect interests or that are collateralized by adjustable rate and fixed rate mortgage loans or other mortgage-related securities of U.S. issuers. GSUAX has three-year annualized returns of 3.8%.
Christopher J. Hogan is one of the fund managers of GSUAX since 2009.
Goldman Sachs Strategic Growth Fund Investor Class GSTTX seeks long-term appreciation of capital. GSTTX invests the lion’s share of its assets, measured at the time of purchase, in equity investments. The fund may invest up to a fourth of its total assets in foreign securities, including securities of issuers in countries with emerging markets or economies. GSTTX has three-year annualized returns of 24.5%.
GSTTX has an expense ratio of 0.87% compared with the category average of 0.99%.
Goldman Sachs Dynamic Municipal Income Fund Class A GSMIX seeks a high level of current income that is exempted from the regular federal income tax. GSMIX invests the majority of its assets in fixed income securities issued by or on behalf of states, territories and possessions of the United States. The fund may also invest in private activity bonds, whose interest may be a preference for the purpose of federal alternative minimum tax. GSMIX has three-year annualized returns of 4.6%.
As of the end of March 2021, GSMIX held 3,448 issues with 0.87% of its assets invested in Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329%.
To view the Zacks Rank and the 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 >>