Fund Evaluator:

Goldman Sachs Income Builder Inv Overview

Goldman Sachs Income Builder Inv (GKIRX) is an actively managed Allocation Moderately Conservative Allocation fund. Goldman Sachs launched the fund in 2010.

The investment seeks to provide income and capital appreciation. 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%.

About Goldman Sachs Income Builder Inv (GKIRX)

There are 5 members of the management team with an average tenure of 4.18 years: Charles (Brook) Dane (2016), John McClain (2026), Kevin Martens (2022), Alexandra Wilson-Elizondo (2022), Aakash Thombre (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Goldman Sachs Income Builder Inv has 929 securities in its portfolio. The top 10 holdings constitute 21.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Goldman Sachs Income Builder Inv is part of the Allocation global asset class and is within the Allocation fund group. Goldman Sachs Income Builder Inv has 24.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 36.6%. There is 6.8% allocated to foreign stock, and 3.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 51.0% (33.4% domestic bond, 17.7% foreign bond and 0.0% convertible bond). Goldman Sachs Income Builder Inv has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $566 million in total assets, which is above the $563 million average for the Moderately Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GKIRX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Income Builder Inv expense ratio is average compared to funds in the Moderately Conservative Allocation category. Goldman Sachs Income Builder Inv has an expense ratio of 0.56%, which is 44% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Income Builder Inv has a portfolio turnover rate of 33%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Moderately Conservative Allocation category.

Recently, in the month of June 2026, Goldman Sachs Income Builder Inv returned 1.3%, which earned it a grade of A, as the Moderately Conservative Allocation category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Goldman Sachs Income Builder Inv has a trailing yield of 4.00%, which is above the 3.33% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Goldman Sachs Income Builder Inv Grades

Year to date, the fund has returned 6.3%, 1.2 percentage points better than the category, which translates into a grade of A. The fund has returned 12.4% over the past year (grade of B), 11.3% over the past three years (grade of B) and 6.2% per year over the past five years (grade of A) and 7.5% per year over the past 10 years (grade of A).

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