Goldman Sachs Rising Dividend Growth Fund Q3 2025 Commentary (GSRAX)

Mutual Fund Commentaries 65 Follower s Follow 5 Share Save Play ( 11min ) Comments Summary Equities and credit markets experienced a robust third quarter of 2025, driven mainly by a notable reduction in trade policy uncertainty and sustained healthy corporate earnings. Over the third quarter of 2025, the Fund returned 4.05% (I-Shares, net) while the benchmark (S&P 500) returned 8.12%, resulting in a negative excess return. The 10-10 sleeve's underperformance was largely attributable to stock selection within the Information Technology, Communication Services and Consumer Staples sectors. In Q3 2025, midstream energy infrastructure maintained steady performance, supported by strong U.S. natural gas production and record LNG export demand. Looking ahead, we believe energy equities will continue to perform well, particularly those tied to the growth in natural gas markets. Andreas Balg/iStock via Getty Images Market Overview Equities and credit markets experienced a robust third quarter of 2025, driven mainly by a notable reduction in trade policy uncertainty, sustained healthy corporate earnings, and the Federal Reserve's resumption of its easing cycle. Global equities This article was written by Mutual Fund Commentaries 65 Follower s Follow Select quarterly mutual fund commentaries.

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