Strengths and weaknesses exist at Goldman Sachs Income Builder, but two key factors dwarf the rest: continued manager departures and a large high-yield stake that carries significant risk. We maintain a Below Average rating for People and an Average rating for Process. This drives a Morningstar Analyst Rating of Neutral for most share classes but Negative for the C share class.
Will GSBFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GSBFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the GSBFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of GSBFX’s parent organization’s priorities and whether they’re in line with investors’ interests.