A Look at the Goldman Sachs Small/Mid-Cap Growth Fund

Photo by Austin Distel on Unsplash

A resident of Monmouth Beach, Daniel Zimmerman is a financial professional and executive who holds a degree in finance and accounting from the University of Richmond. Until recently, Daniel Zimmerman served as the managing director at Goldman, Sachs & Company in New York City, close to his home in Monmouth Beach.

As a managing director, Mr. Zimmerman co-managed the firm’s small/mid-cap growth fund (GSMYX). The GSMYX fund pursues long-term capital growth through a diversified mix of equity investments in the small and mid-cap market sectors. However, the fund also invests up to 20 percent of its assets in government bonds, corporate and bank debt, and other fixed-income securities.

The GSMYX currently manages $2 billion in total assets. Top holdings include firms such as Bright Horizons Family Solutions, West Pharmaceutical Services, and GoDaddy Inc., and assets turn over at a rate of 59 percent. The GSMYX carries an expense ratio of 0.920 percent and requires a minimum initial investment of $1 million.