The firm’s ample resources and Goldman Sachs Income Builder’s consistent team-driven approach help mitigate concerns around its shifting management lineup. Ashish Shah and Aakash Thombre manage the fund’s credit-heavy fixed income sleeve. Shah was added here a few months after joining the firm in the fall of 2018, while Thombre officially joined the roster in October 2024 when former bond manager Ron Arons left the firm. Stock selection is overseen by Brook Dane and Kevin Martens. Dane has more than 30 years of experience managing equity strategies, including 15 years at Goldman Sachs; Martens, a long-time contributor, was formally added to the roster in August 2022. Co-CIO of the multi-asset solutions team Alexandra Wilson-Elizondo joined the firm from MacKay Shields in 2021 and was named on the strategy alongside co-CIO Neill Nuttall in January 2022. Then in early 2025, the firm announced that Nuttall will no longer serve as portfolio manager, though he’ll remain co-CIO for the broader MAS team.
Goldman Sachs Income Builder Fund Class C GSBCX
- NAV / 1-Day Return 26.95 / +0.30 %
- Total Assets 2.8B
-
Adj. Expense Ratio
1.560%
- Expense Ratio 1.530%
- Distribution Fee Level Below Average
- Share Class Type Level Load
- Category Moderately Conservative Allocation
- Investment Style Large Value
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 3.28%
- Turnover 33%
USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:22 AM GMT+0
Morningstar’s Analysis GSBCX
Will GSBCX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the GSBCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of GSBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.1
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Sr232920 Irs Usd R F 3.25000 | 6.62 | 167M | Government |
Sr232917 Irs Usd R F 3.25000 | 5.57 | 141M | Government |
Goldman Sachs Nasdaq-100 Premium Inc ETF | 3.46 | 87M | — |
Us Ultra Bond Cbt Jun25 | 2.80 | 71M | Government |
S+p500 Emini Fut Jun25 | 1.95 | 49M | — |
Us Long Bond(Cbt) Jun25 | 1.88 | 47M | Government |
Long Gilt Future Jun25 | 1.71 | 43M | Government |
Goldman Sachs MLP Energy Infras R6 | 1.59 | 40M | — |
Goldman Sachs FS Government Instl | 1.37 | 35M | Cash and Equivalents |
JPMorgan Chase & Co | 1.31 | 33M | Financial Services |
United States