Goldman Sachs (NYSE:GS) Mid Cap Value A Fund (GCMAX) a Zacks Rank #2 (Buy) was incepted in August 1997 and is managed by Goldman Sachs Asset Management. The objective of GCMAX is to seek long-term capital appreciation. GCMAX normally invests at least 80% of its net assets in a diversified portfolio of equity investments in midcap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap Value Index at the time of investment. GCMAX may also invest up to 25% of its net assets in foreign securities, including securities of issuers in emerging countries and securities quoted in foreign currencies.
This Mid Value product, as of the last filing, allocates their fund in four major groups; Large Value, Intermediate Bond, Large Growth and Small Value. Further, as of the last filing, Citizens Financial Group, Inc, Goldman Sachs Financial Square (NYSE:SQ) and Huntington Bancshares (NASDAQ:HBAN) Inc were the top holdings for GCMAX.
The Goldman Sachs Mid Cap Value A fund, managed by Goldman Sachs, carries an expense ratio of 1.14%. Moreover, GCMAX requires a minimal initial investment of $1,000.
GCMAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6.4% and 5 year 9.76%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
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Zacks Investment Research