GSBFX: Goldman Sachs Income Builder A

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GSBFX Goldman Sachs Income Builder A


Profile

GSBFX - Profile

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $1.89 B
  • Holdings in Top 10 56.4%

52 WEEK LOW AND HIGH

$24.57
$22.19
$24.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.63%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Income Builder Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Oct 12, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ronald Arons

Fund Description

The fund seeks to provide income through investments in fixed income securities (bonds) and high dividend paying equities, preferred equities and other similar securities (stocks). It seeks to achieve capital appreciation primarily through equity securities. The fund has a baseline allocation to fixed income securities of 60% and to equity securities of 40%.


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Categories

Performance

GSBFX - Performance

Return Ranking - Trailing

Period GSBFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -18.3% 9.4% 44.05%
1 Yr 10.4% -48.7% 27.2% 22.80%
3 Yr 3.2%* -37.6% 12.4% 28.96%
5 Yr 1.4%* -39.4% 10.9% 32.88%
10 Yr 3.7%* -38.6% 17.3% 40.95%

* Annualized

Return Ranking - Calendar

Period GSBFX Return Category Return Low Category Return High Rank in Category (%)
2019 15.1% -50.4% 46.8% 23.19%
2018 -8.4% -31.8% 19.0% 43.41%
2017 4.2% -44.7% 46.3% 67.61%
2016 5.1% -84.5% 146.1% 33.04%
2015 -7.4% -40.7% 14.6% 71.88%

Total Return Ranking - Trailing

Period GSBFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -18.3% 9.4% 44.05%
1 Yr 10.4% -48.7% 27.2% 22.80%
3 Yr 5.7%* -37.6% 12.4% 27.90%
5 Yr 4.5%* -39.4% 10.9% 28.63%
10 Yr 7.3%* -38.6% 18.2% 34.39%

* Annualized

Total Return Ranking - Calendar

Period GSBFX Return Category Return Low Category Return High Rank in Category (%)
2019 15.4% -50.4% 46.8% 21.04%
2018 -5.2% -27.4% 19.0% 37.21%
2017 7.9% -44.7% 46.3% 64.31%
2016 9.3% -84.5% 146.1% 17.09%
2015 -3.6% -36.9% 14.6% 57.34%

NAV & Total Return History


Holdings

GSBFX - Holdings

Concentration Analysis

GSBFX Category Low Category High GSBFX % Rank
Net Assets 1.89 B 178 K 161 B 23.00%
Number of Holdings 452 2 13691 30.39%
Net Assets in Top 10 43.9 M -39.4 M 33.7 B 68.03%
Weighting of Top 10 56.43% 9.4% 371.8% 38.80%

Top 10 Holdings

  1. Sr213863 Irs Usd R F 2.00000 13.13%
  2. Sr213863 Irs Usd P V 03mlibor 13.01%
  3. Sr213861 Irs Usd R F 1.75000 10.27%
  4. Sr213861 Irs Usd P V 03mlibor 10.26%
  5. Br213704 Irs Usd R V 03mlibor 1.91%
  6. Sr213703 Irs Usd P V 03mlibor 1.85%
  7. Sr213703 Irs Usd R F 1.65387 1.81%
  8. Br213704 Irs Usd P F 1.84219 1.81%
  9. Johnson & Johnson 1.28%
  10. Chevron Corp 1.12%

Asset Allocation

Weighting Return Low Return High GSBFX % Rank
Bonds
53.77% -3.79% 79.18% 27.66%
Stocks
36.87% -41.01% 79.55% 59.73%
Cash
7.29% -102.09% 77.18% 33.33%
Convertible Bonds
1.47% -0.84% 71.85% 14.51%
Preferred Stocks
0.57% 0.00% 44.10% 23.13%
Other
0.04% -41.44% 154.72% 43.95%

Stock Sector Breakdown

Weighting Return Low Return High GSBFX % Rank
Financial Services
15.73% 0.00% 67.69% 61.23%
Healthcare
14.62% 0.00% 61.80% 30.34%
Industrials
12.31% 0.00% 99.44% 23.33%
Energy
10.93% 0.00% 100.00% 7.23%
Technology
10.39% 0.00% 72.78% 78.64%
Consumer Cyclical
8.41% 0.00% 32.07% 61.66%
Consumer Defense
7.89% 0.00% 25.21% 35.38%
Real Estate
5.64% -2.05% 100.00% 32.20%
Utilities
5.17% 0.00% 100.00% 23.55%
Basic Materials
4.51% 0.00% 100.00% 20.26%
Communication Services
4.39% 0.00% 32.16% 76.56%

Stock Geographic Breakdown

Weighting Return Low Return High GSBFX % Rank
US
28.97% -41.02% 77.06% 60.04%
Non US
7.90% -2.63% 32.14% 30.39%

Bond Sector Breakdown

Weighting Return Low Return High GSBFX % Rank
Corporate
60.64% 0.00% 100.00% 15.67%
Government
31.16% -0.45% 93.76% 33.86%
Cash & Equivalents
8.08% -3.87% 100.00% 60.99%
Securitized
0.13% 0.00% 59.50% 75.60%
Derivative
0.00% -3.25% 64.96% 59.31%
Municipal
0.00% 0.00% 99.77% 65.72%

Bond Geographic Breakdown

Weighting Return Low Return High GSBFX % Rank
US
37.33% -5.05% 84.24% 52.05%
Non US
16.44% -12.68% 26.09% 0.63%

Expenses

GSBFX - Expenses

Operational Fees

GSBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.02% 5.91% 54.60%
Management Fee 0.52% 0.00% 2.00% 44.32%
12b-1 Fee 0.25% 0.00% 1.00% 32.05%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

GSBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 1.00% 5.75% 45.24%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GSBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GSBFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 1504.00% 46.24%

Distributions

GSBFX - Distributions

Dividend Yield Analysis

GSBFX Category Low Category High GSBFX % Rank
Dividend Yield 0.64% 0.00% 9.25% 12.20%

Dividend Distribution Analysis

GSBFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

GSBFX Category Low Category High GSBFX % Rank
Net Income Ratio 3.63% -4.40% 6.65% 6.40%

Capital Gain Distribution Analysis

GSBFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GSBFX - Fund Manager Analysis

Managers

Ronald Arons


Start Date

Tenure

Tenure Rank

Jan 28, 2013

7.01

7.0%

Mr. Arons joined the Investment Adviser as a fixed income portfolio manager in 2010. From 1994 to 2010 he was a portfolio manager at J.P. Morgan Asset Management. Ronald holds a B.B.A. in accounting from George Washington University and an M.B.A. in finance from New York University. He is a CFA charterholder.

Charles (Brook) Dane


Start Date

Tenure

Tenure Rank

Feb 26, 2016

3.93

3.9%

Mr. Dane joined the Goldman Sachs Asset Management, L.P. in 2010 as a portfolio manager for the Value Team. Prior to joining the Investment Adviser, Mr. Dane spent 13 years at Putnam Investments as a research analyst and more recently as a portfolio manager.

Collin Bell


Start Date

Tenure

Tenure Rank

Feb 26, 2016

3.93

3.9%

Collin Bell, is a Managing Director with GSAM. Prior to joining GSAM in 2008, he was a research analyst and senior relationship manager within affiliates of Goldman, Sachs & Co. Mr. Bell holds a B.A. from Amherst College.

Christopher Lvoff


Start Date

Tenure

Tenure Rank

Feb 19, 2019

0.95

1.0%

Christopher Lvoff is a managing director in the Global Portfolio Solution Group (GPS), based in New York, where he is a senior portfolio manager. The GPS Group provides multi-asset class products and solutions, focusing on customized asset allocation, tactical implementation, risk management, and portfolio construction. Previously, Christopher was a member of the Multi-Product Investment Group of the Investment Management Division, where he focused on portfolio management and implementation for customized multi-asset institutional portfolios as well as commingled investment vehicles. Christopher joined Goldman Sachs in 2007 and was named managing director in 2016. Prior to joining Goldman Sachs, Christopher worked as an actuarial consultant at Towers Perrin, focusing on retirement plan design and defined benefit plan asset liability valuation. Christopher received a BS in economics from the University of Pennsylvania. He is an Associate of the Society of Actuaries and a CFA charterholder.

Ashish Shah


Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.92

0.9%

Mr. Shah is Co-Chief Investment Officer of Global Fixed Income, Global Head of Corporate Credit and Head of the Cross-Sector Strategy within Fixed Income. Mr. Shah joined Goldman Sachs Asset Management, L.P. in 2018. Mr. Shah was previously at AllianceBernstein from 2010 to 2018, where he was most recently the Head of Fixed Income and Chief Investment Officer of Global Credit. Prior to AB, he was a managing director and head of Global Credit Strategy at Barclays Capital (2008–2010), where he was responsible for the High Grade, High Yield, Structured Credit and Municipal Strategy groups and the Special Situations Research team. From 2003 to 2008, Shah was the head of Credit Strategy at Lehman Brothers, leading the Structured Credit/CDO and Credit Strategy groups and covering the cash bond, credit derivatives and CDO product areas for global credit investors. He holds a BS in economics from the Wharton School of the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.11 6.63 0.08