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Goldman Sachs Income Builder A GSBFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
26.92  /  0.19 %
Total Assets
2.3 Bil
Adj. Expense Ratio
0.810%
Expense Ratio
0.810%
Fee Level
Low
Longest Manager Tenure
8.49 years
Category
Allocation--30% to 50% Equity
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Low / Limited
Status
Open
TTM Yield
2.97%
Turnover
46%

USD | NAV as of Jul 26, 2021 | 1-Day Return as of Jul 26, 2021, 10:44 PM GMT+00:00

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Morningstar’s Analysis

Will GSBFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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.

People Pillar

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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.

Parent Pillar

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The Parent Pillar is our rating of GSBFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

While the portfolio’s rewards largely balance the risks, the manager roster remains unstable.

Senior Analyst

Summary

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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.

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