The U.S. economy is showing a mixed picture this month, with the labor market losing momentum even as some indicators remain resilient. July nonfarm payrolls fell by 23,000, far below expectations for an 83,000 gain, while previous months were revised sharply lower. The unemployment rate came in at 4.1% in July compared to June’s metric of 4.2%. Wage growth slowed to 0.1% for the month, and labor-force participation fell to 61.4%. Meanwhile, the labor force participation rate edged down 0.1 percentage point sequentially to 61.4%, while the employment-population ratio fell 0.1 percentage point to 58.9%. The labor market is not flashing weakness everywhere.
On the inflation front, however, the picture looks more encouraging. July CPI rose 0.1% month over month and 3.4% year over year, easing from 3.5% in June. Core CPI increased 0.2% month over month and 2.5% year over year, down from June. The NFIB Small Business Index climbed to 99.8, its highest level since August 2025, while 20% of small-business owners planned to create jobs. The trade deficit also narrowed to $73.3 billion in June from $77.6 billion in May. Overall, the data suggest an economy that is cooling rather than collapsing, potentially giving the Federal Reserve more room to keep interest rates unchanged in September.
Amid such market conditions, investors who wish to diversify into various asset classes but lack professional expertise in managing funds, especially in a volatile market, can consider these four mutual funds — Goldman Sachs International Equity Insights Fund GGFPX, Goldman Sachs Small Cap Equity Insights Fund GMAPX, Goldman Sachs Large Cap Growth Insights Fund GMZPX and Goldman Sachs U.S. Equity Dividend and Premium Fund GVIRX. These have not only preserved investors’ wealth but also generated excellent returns in the past.
These funds have the majority of their investments in sectors such as technology, finance, retail trade, energy, utilities and industrial cyclical, which help in long-term growth and preservation of wealth.
Why Invest in Goldman Sachs Asset Management Mutual Funds?
Founded in 1988, Goldman Sachs Asset Management (GSAM) is a world-renowned investment management company. GSAM provides portfolio management, design and advisory services to individual and institutional investors worldwide.
As of June 30, 2026, GSAM had approximately $4 trillion in assets under supervision worldwide. With more than 1700 professionals across 34 offices worldwideto serve customers’ needs. The company has a team of more than 800 investment professionals who capitalize on Goldman Sachs’ technology, risk-management skills and market insights. The house aids individuals who wish to increase their wealth through various strategic investment funds.
GSAM offers investment solutions, including fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate, through proprietary strategies, strategic partnerships and open architecture programs. The company’s strategies cover various asset classes, industries and geographies.
These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Goldman Sachs International Equity Insights Fund invests most of its assets, along with borrowings, if any, in a diversified equity portfolio of non-U.S. companies. GGFPX advisors preferably invest in issues of large-cap and mid-cap companies from major countries and sectors of the international economy.
Philip Yan has been the lead manager of GGFPX since Feb. 29, 2024. Most of the fund’s exposure was in companies like ASML Holding N.V. (3.1%), Nestlé S.A.(1.6%) and AstraZeneca (1.3%) as of April 30, 2026.
GGFPX’s three-year and five-year annualized returns are almost 21% and 11.7%, respectively. GGFPX has an annual expense ratio of 0.75%.
To see how this fund performed compared to its category and other 1, 2 (Buy), and 3 (Hold) Ranked Mutual Funds, please click here.
Goldman Sachs Small Cap Equity Insights Fund invests most of its assets, along with borrowings, if any, in a diversified portfolio of equity securities in small-cap U.S. companies. GMAPX advisors also invest in foreign issues that are traded in the United States.
Joseph Kogan has been the lead manager of GMAPX since Feb. 29, 2024. Most of the fund’s exposure is in companies like Bloom Energy (2%), TTM Technologies (1.1%) and Fabrinet (1%) as of April 30, 2026.
GMAPX’s three-year and five-year annualized returns are almost 19.6% and 10.9%, respectively. GMAPX has an annual expense ratio of 0.83%.
Goldman Sachs Large Cap Growth Insights Fund invests most of its assets, along with borrowings, if any, in a broadly diversified portfolio of large-cap domestic and foreign equity investments that are traded in the United States. GMZPX advisors may also invest in fixed-income securities.
Sharanya Srinivasan has been one of the lead managers of GMZPX since Feb. 29, 2024. Most of the fund’s exposure was in companies like NVIDIA (13%), Apple (12.5%) and Microsoft (7.9%) as of April 30, 2026.
GMZPX’s three-year and five-year annualized returns are almost 17.4% and 10.1%, respectively. GMZPX has an annual expense ratio of 0.53%.
Goldman Sachs U.S. Equity Dividend and Premium Fund invests most of its assets, along with borrowings, if any, in dividend-paying common stocks of large-cap domestic issuers. GVIRX advisors consider large-cap stocks as those that generally have public stock market capitalizations between $2.8 billion and $4.4 trillion.
John Sienkiewicz has been the lead manager of GVIRX since Apr 23, 2020. Most of the fund’s exposure was in companies like NVIDIA (7.5%), Apple (6.9%) and Microsoft (5%) as of March 31, 2026.
GVIRX’s three-year and five-year annualized returns are almost 16.8% and 11.4%, respectively. GVIRX has an annual expense ratio of 0.75%.
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