About GGKPX
Goldman Sachs Income Builder Fund Class P is a balanced mutual fund designed to pursue long-term capital growth while consistently providing current income. Its core strategy centers on a diversified allocation between equity and fixed income securities, typically positioning 30% to 50% of assets in equities, with the remainder in bonds, preferred equities, and other income-focused instruments. The fund targets a steady payout, offering monthly distributions drawn from a mix of sources such as high-dividend stocks, government and corporate bonds, and specialty income assets. Notable features include a competitive expense ratio, a below-average distribution fee, and a relatively moderate minimum investment requirement. The fund is managed by Goldman Sachs Asset Management and is recognized for its large and diverse holdings—over 600 positions—across multiple sectors and credit qualities. It serves investors seeking balanced exposure to both growth and income-generating assets, and plays a role in portfolios as a core allocation for those prioritizing regular income with potential for capital appreciation within a risk-mitigated, moderately conservative framework.
Fund Family Goldman Sachs
Category Allocation--30% to 50% Equity
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol GGKPX
Share Class Class P Shares
Index Russell 1000 Value TR
GGKPX had a total return of 8.39% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.25%.
