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3 Goldman Sachs Mutual Funds for Spectacular Returns

Zacks Equity Research
·3 min read

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) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

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 five-year annualized returns of 3.7%.

Scott Diamond is one of the fund managers of GSMIX since 2002.

Goldman Sachs High Yield Municipal Fund Investor Class GYIRX seeks growth of income, which is free from regular federal income tax. GYIRX 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 five-year annualized returns of 5.7%.

GYIRX has an expense ratio of 0.60% as compared to the category average of 0.92%.

Goldman Sachs Tax-Advantaged Global Equity Portfolio Class A TAGGX seeks long-term capital appreciation. The fund aims to attain its investment objective by investing in instruments or securities and a blend of underlying funds that exist at present or that may be available for investment in the future. It invests the lion’s share of its net assets and any borrowings for investment purposes in underlying equity securities and funds that are a combination of U.S. small-cap, large-cap companies and international exposure to attain capital growth. TAGGX has five-year annualized returns of 7.9%.

As of the end of September 2020, TAGGX held 29 issues, with 51.73% of its assets invested in Goldman Sachs US Tax-Managed Eq R6.    

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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Zacks Investment Research