GAIPX Performance — Goldman Sachs Emerging Markets Debt Fund, Class P
Data updated: 2026-08-26
GAIPX returned +3.62% year to date and +12.67% over one year to Jun 2026. Annualised returns are +10.96% over 3 years and +2.47% over 5 years. The fund beat its International Intermediate Core Bond category average: $100 invested three years ago grew to $137, against $124 for the category, and to $113 over one year, against $107. Volatility over the past three years was 6.17% a year. In the 12 months to Jun 2026 the fund took in a net $5.7M, and assets reached $411.38M.
GAIPX Growth of $100
What $100 invested in Goldman Sachs Emerging Markets Debt Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Intermediate Core Bond category average over the same months.
| Period | GAIPX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $113 | $107 |
| 3 years (Jul 2023 – Jun 2026) | $137 | $124 |
| 5 years (Jul 2021 – Jun 2026) | $113 | $110 |
| Since data start (Jul 2019 – Jun 2026) | $121 | $115 |
GAIPX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.62% |
| 1 year | +12.67% |
| 3 years (annualised) | +10.96% |
| 5 years (annualised) | +2.47% |
GAIPX Annual Returns
Calendar-year total returns of Goldman Sachs Emerging Markets Debt Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.62% |
| 2025 | +14.58% |
| 2024 | +6.65% |
| 2023 | +13.16% |
| 2022 | −20.04% |
| 2021 | −3.12% |
| 2020 | +7.68% |
| 2019 (Jul–Dec) | +1.52% |
GAIPX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.0% | +1.3% | −3.6% | +3.1% | +1.0% | +0.7% | — | — | — | — | — | — |
| 2025 | +1.7% | +1.4% | −1.2% | −0.7% | +1.3% | +2.8% | +1.3% | +1.8% | +1.9% | +2.2% | +0.5% | +0.7% |
| 2024 | −0.9% | +1.0% | +1.7% | −1.2% | +1.5% | +0.5% | +1.8% | +2.2% | +1.8% | −1.9% | +1.3% | −1.1% |
| 2023 | +3.5% | −2.9% | +1.2% | 0.0% | −0.7% | +3.9% | +1.9% | −0.8% | −2.8% | +0.5% | +4.6% | +4.6% |
| 2022 | −2.9% | −7.5% | +0.3% | −5.6% | −0.5% | −7.4% | +3.0% | −1.1% | −7.2% | −0.3% | +8.7% | −0.5% |
| 2021 | −1.4% | −2.6% | −1.8% | +2.3% | +1.1% | +0.7% | +0.3% | +1.4% | −2.0% | −0.1% | −2.5% | +1.5% |
| 2020 | +1.9% | −0.5% | −16.6% | +3.0% | +7.1% | +3.9% | +4.0% | +1.1% | −1.8% | 0.0% | +5.1% | +2.4% |
| 2019 | — | — | — | — | — | — | +1.2% | −0.9% | −0.2% | +0.3% | −1.2% | +2.3% |
GAIPX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.17%
- 3-year Sharpe ratio: 1.05 (vs 4.5% risk-free rate)
- Best month: +4.61% (Dec 2023)
- Worst month: −3.60% (Mar 2026)
GAIPX Fund Flows
Monthly money in and out of Goldman Sachs Emerging Markets Debt Fund, from SEC Form N-PORT.
- 12-month net flow: $5.7M
- 12-month gross sales (incl. reinvestments): $254.1M
- Sales ÷ redemptions: 1.02×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.0M | $27.5M | −$18.5M |
| May 2026 | $8.0M | $6.8M | $1.2M |
| Apr 2026 | $14.5M | $39.5M | −$25.0M |
| Mar 2026 | $7.7M | $7.4M | $345K |
| Feb 2026 | $10.0M | $11.3M | −$1.2M |
| Jan 2026 | $12.3M | $96.6M | −$84.3M |
| Dec 2025 | $11.6M | $22.7M | −$11.1M |
| Nov 2025 | $12.8M | $6.7M | $6.1M |
| Oct 2025 | $9.5M | $7.7M | $1.8M |
| Sep 2025 | $6.3M | $6.5M | −$202K |
| Aug 2025 | $10.3M | $9.7M | $597K |
| Jul 2025 | $142.1M | $6.0M | $136.0M |
GAIPX Assets Under Management
Net assets of Goldman Sachs Emerging Markets Debt Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $411.38M |
| 2026-03-31 | $438.33M |
| 2025-12-31 | $534.94M |
| 2025-09-30 | $526.99M |
| 2025-06-30 | $372.45M |
| 2025-03-31 | $380.13M |
| 2024-12-31 | $421.13M |
| 2024-09-30 | $406.21M |
| 2024-06-30 | $398.26M |
| 2024-03-31 | $423.53M |
| 2023-12-31 | $437.21M |
| 2023-09-30 | $509.59M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.