Since its inception in 1869, Goldman Sachs, & Co. has played a crucial role in the growth of some of the world’s leading companies and institutions. Goldman Sachs continues to maintain this tradition of excellence by catering to the investment management needs of institutional and individual investors worldwide through institutional strategies, mutual funds and sub-advisory services. With more than $822 billion in assets under management across geographic borders, investment styles, and asset classes, Goldman Sachs ranks among the top 15 asset management firms worldwide.
Below we will share with you 5 top rated Goldman Sachs funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Goldman Sachs funds, then click here.
Goldman Sachs Growth Opportunities (GGOSX) invests at least 90% of its companies in stocks, focusing on mid-cap companies. It concentrates on publicly traded domestic securities. Up to 25% of its assets may be used to purchase foreign securities. The fund has a ten year annualized return of 6.1%.
The Goldman Sachs fund has an expense ratio of 1.48% compared to a category average of 1.46%.
Goldman Sachs High Yield Municipal A (GHYAX) seeks current income exempt form federal income tax. It invests a large share of its assets in high yield municipal securities. It is non-diversified and may also invest up to 35% of its assets in higher rated fixed income instruments. The fund returned 25.11% over the last one year period.
Ben Barber is the fund manager and he has managed this Goldman Sachs fund since 2000.
Goldman Sachs Balanced A (GSBFX) invests a large portion of its assets in stocks. Since it seeks total return, a relatively smaller portion of its assets are used to purchase fixed income securities. Up to 25% of its assets may be invested in foreign securities. The fund has returned 29.87% in 2009 and has a five year annualized return of 2.8%.
The fund has an expense ratio of 1.05% compared to a category average of 0.86%.
Goldman Sachs Emerging Markets Equity A (GEMAX) seeks capital growth by investing in companies from emerging markets. It does not invest more than 35% of its assets in any one country. It may also invest a smaller share of its assets in fixed income securities from emerging markets. The fund has a five year annualized return of 11.16%
As of December 2009, this fund held 179 issues, with 2.96% of its total assets invested in Gazprom OAO (EDR).
Goldman Sachs Capital Growth A (GSCGX) invests the majority of its assets in equity securities. Common stocks, convertible securities and warrants make up a large share of its investments. It may also invest in assets of foreign securities. The fund returned 47.62% over the last one year period.
David G. Shell is the fund manager and he has managed this Goldman Sachs fund since 1997.
To view the Zacks Rank and past performance of all Goldman Sachs funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/