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 U.S. Mortgages Fund Class A Shares (GSUAX – Free Report) 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 4.2%
Christopher J. Creed continues to be one of the fund managers of GSUAX since 2009.
Goldman Sachs Dynamic Municipal Income Fund Class A (GSMIX – Free Report) 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 4.5%.
GSMIXhas an expense ratio of 0.72% compared with the category average of 0.73%.
Goldman Sachs High Yield Municipal Fund Investor Class (GYIRX – Free Report) 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 three-year annualized returns of 6.8%.
As of the end of December 2020, GYIRX held 2,266 issues with 1.44% 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.
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