Goldman Sachs (NYSE:GS) Income Builder A (GSBFX) a Zacks Rank #2 (Buy) seeks growth of capital primarily through equity investments. The fund seeks to provide current income through investment in fixed-income securities (bonds). Dividends are distributed quarterly. Capital gains are distributed annually.
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; High Yield Bond, Large Value and Foreign Bond. Further, as of the last filing, WELLS FARGO & CO, VERIZON COMMUNICATIONS INC and EXXON MOBIL CORP were the top holdings for GSBFX.
The Goldman Sachs Income Builder A fund, managed by Goldman Sachs, carries an expense ratio of 0.98%. Moreover, GSBFX requires a minimal initial investment of $1,000.
GSBFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.04%, 3 year 3.05% and 5 year 7.31%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
GSBFX’s performance, as of the last filing, when compared to funds in its category was in the top 39% in 1 year, top 63% over the past 3 years, and in the 46% over the past 5 years.
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Zacks Investment Research