Goldman Sachs Income Builder Fund
GOLDMAN SACHS TRUST · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Goldman Sachs Income Builder Fund is a moderate allocation fund.
- Asset class
- Allocation (multi-asset)
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Moderate
Fund profile
As filed in the prospectus · 2026 Q1
The Goldman Sachs Income Builder Fund (the Fund) seeks to provide income and capital appreciation.
The fund maintains a baseline 60% fixed income and 40% equity allocation, with flexibility to shift each by up to 15%, selecting dividend-paying stocks and investment-grade and non-investment-grade bonds for income and capital appreciation. It writes call options on stock indices to generate additional cash flow, expecting to sell put and call options in a strangle strategy up to 12% of portfolio value. In rising markets where index appreciation exceeds option premiums collected, the call-writing strategy may significantly underperform a portfolio without options overlay.
| Share class | Gross | Net |
|---|---|---|
| GSBIX | 0.61% | 0.48% |
| GSBFX | 0.94% | 0.81% |
| GSBCX | 1.69% | 1.56% |
| GKIRX | 0.69% | 0.56% |
| GSBUX | 0.60% | 0.47% |
| GGKPX | 0.60% | 0.47% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 33.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 47.09% |
| Bonds | 46.25% |
| Loans | 3.71% |
| Cash & short-term | 0.69% |
| Securitized | 0.00% |
| Derivatives | -0.42% |
Look-through blends 2 underlying funds; 4.357% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 34.0% |
| International | 16.0% |
| Financials | 12.0% |
| Industrials | 5.6% |
| 12 smaller | 32.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Goldman Sachs Central Government Fund, Robert Bosch Finance LLC, C, DELL, MET, MA, PANTHER ESCROW ISSUER, FAIR ISAAC CORP
Largest exited: Goldman Sachs Financial Square Government Fund ×2, iShares MSCI USA Quality Factor ETF, CFG, AstraZeneca PLC, SSB, iShares U.S. Technology ETF, PRU
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +15.15% | +35.94% | +35.02% | 5.66% | -5.66% | |
| +14.81% | +34.65% | +32.83% | 5.70% | -5.74% | |
| +13.96% | +31.63% | +27.99% | 5.67% | -5.90% | |
| +15.08% | +35.55% | +34.49% | 5.68% | -5.71% | |
| +15.18% | +35.99% | +35.14% | 5.66% | -5.67% | |
| +15.17% | +35.95% | +35.07% | 5.70% | -5.67% |
These classes hold the same portfolio, so the 7.15pp spread over 5 years is the cost difference between them — roughly 1.43pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 92.5% |
| Floating rate | 7.4% |
| Zero-coupon or unclassified | 0.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.4% |
| 1-3y | 15.9% |
| 3-5y | 34.4% |
| 5-10y | 42.1% |
| 10y+ | 5.2% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 64% |
| Credit spreads | 36% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +1.22 yr |
| Investment grade | +0.57 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 1 yr | 0.37 yr | 11% |
| 5 yr | 1.45 yr | 45% |
| 10 yr | 1.08 yr | 33% |
| 30 yr | 0.35 yr | 11% |
3 mo is NEGATIVE (-0.01 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.40 yr | 22% |
| 5 yr | 0.98 yr | 55% |
| 10 yr | 0.34 yr | 19% |
| 30 yr | 0.06 yr | 3% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.01 | +0.00 | +0.01 | $749 | $4.1k |
| 1 yr | +0.37 | +0.06 | +0.33 | $17.7k | $91.0k |
| 5 yr | +1.45 | +0.25 | +0.73 | $69.6k | $198.8k |
| 10 yr | +1.08 | +0.20 | +0.14 | $54.8k | $38.1k |
| 30 yr | +0.35 | +0.05 | +0.01 | $13.3k | $3.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 3.24 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| GCCXX | Goldman Sachs Central Government FundGCCXX | 4.36% | $1.00 | $119.36M | 119.4M |
| — | Goldman Sachs Nasdaq-100 Premium Income ETF | 3.47% | $55.29 | $95.13M | 1.7M |
| GLPSX | Goldman Sachs MLP Energy Infrastructure FundGLPSX | 1.71% | $44.60 | $46.74M | 1.0M |
| JPM | JPMorgan Chase & CoJPM | 1.38% | $313.23 | $37.75M | 120.5K |
| GOOGL | Alphabet IncGOOGL | 1.24% | $384.80 | $34.00M | 88.4K |
| CAT | Caterpillar IncCAT | 0.99% | $890.11 | $27.15M | 30.5K |
| XOM | Exxon Mobil CorpXOM | 0.98% | $154.33 | $26.98M | 174.8K |
| JNJ | Johnson & JohnsonJNJ | 0.96% | $229.85 | $26.30M | 114.4K |
| WMT | Walmart IncWMT | 0.90% | $131.93 | $24.58M | 186.3K |
| BAC | Bank of America CorpBAC | 0.72% | $53.46 | $19.67M | 368.0K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 16.71% of net assets, top 25 25.48%, across 673 issuers.
See more of this fund's book
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