Canada markets close in 30 minutes
  • S&P/TSX

    20,341.39
    -24.46 (-0.12%)
     
  • S&P 500

    4,408.09
    -15.06 (-0.34%)
     
  • DOW

    34,847.50
    -268.90 (-0.77%)
     
  • CAD/USD

    0.7969
    -0.0011 (-0.14%)
     
  • CRUDE OIL

    67.94
    -2.62 (-3.71%)
     
  • BTC-CAD

    49,847.62
    +1,501.26 (+3.11%)
     
  • CMC Crypto 200

    976.77
    +50.00 (+5.40%)
     
  • GOLD FUTURES

    1,809.60
    -0.50 (-0.03%)
     
  • RUSSELL 2000

    2,196.59
    -26.99 (-1.21%)
     
  • 10-Yr Bond

    1.1840
    +0.0080 (+0.68%)
     
  • NASDAQ

    14,779.40
    +18.11 (+0.12%)
     
  • VOLATILITY

    17.95
    -0.09 (-0.50%)
     
  • FTSE

    7,123.86
    +18.14 (+0.26%)
     
  • NIKKEI 225

    27,584.08
    -57.75 (-0.21%)
     
  • CAD/EUR

    0.6728
    +0.0006 (+0.09%)
     

3 Goldman Sachs Mutual Funds for a Stable Portfolio

·3 min read

Goldman Sachs Asset Management (GSAM) has been offering financial services including investment and advisory solutions, and risk-management expertise to institutional and individual investors throughout the world since 1988. With more than $1 trillion assets under management, GSAM is considered one of the world’s leading financial management companies.

The fund has more than 2,000 professionals across 31 offices worldwide. Its teams have more than 700 investment professionals, who capitalize on Goldman Sachs’ technology, risk-management skills and market insights. 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 Growth and Income Strategy Portfolio Class A GOIAX fund aims for long-term capital appreciation and current income. The fund invests the majority of its assets in underlying equity funds. While 15% of its assets are invested in the underlying dynamic funds, approximately 30% of its assets are invested in fixed income funds. GOIAX has three-year annualized returns of 9.5%.

Neill Nuttall continues to be one of the fund managers of GOIAX since 2019.

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%.

Goldman Sachs International Equity ESG Fund Investor Class GIRNX targets long-term capital appreciation. The fund invests the majority of assets in a diversified portfolio of equity investments in non-U.S. issuers that the Investment Adviser believes adhere to the fund's environmental, social and governance criteria. GIRNX has three-year annualized returns of 14.5%.

GIRNX has an expense ratio of 0.93% compared with the category average of 0.94%.

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 >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Get Your Free (GSMIX): Fund Analysis Report
 
Get Your Free (GOIAX): Fund Analysis Report
 
Get Your Free (GIRNX): Fund Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting