GCCIX Performance — Goldman Sachs Commodity Strategy Fund, Institutional Shares
Data updated: 2026-08-26
GCCIX returned +9.16% year to date and +19.03% over one year to Jun 2026. Annualised returns are +10.34% over 3 years and +8.29% over 5 years. The fund trailed its Commodities category average: $100 invested three years ago grew to $134, against $165 for the category, and to $119 over one year, against $130. Volatility over the past three years was 10.90% a year. In the 12 months to Jun 2026 the fund lost a net $748K, and assets reached $346.20M.
GCCIX Growth of $100
What $100 invested in Goldman Sachs Commodity Strategy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Commodities category average over the same months.
| Period | GCCIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $119 | $130 |
| 3 years (Jul 2023 – Jun 2026) | $134 | $165 |
| 5 years (Jul 2021 – Jun 2026) | $149 | $171 |
| Since data start (Jul 2019 – Jun 2026) | $148 | $213 |
GCCIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.16% |
| 1 year | +19.03% |
| 3 years (annualised) | +10.34% |
| 5 years (annualised) | +8.29% |
GCCIX Annual Returns
Calendar-year total returns of Goldman Sachs Commodity Strategy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.16% |
| 2025 | +15.25% |
| 2024 | +5.89% |
| 2023 | −9.73% |
| 2022 | +15.84% |
| 2021 | +33.45% |
| 2020 | −23.02% |
| 2019 (Jul–Dec) | +3.41% |
GCCIX 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 | +7.1% | +1.0% | +5.5% | +4.8% | −1.4% | −7.4% | — | — | — | — | — | — |
| 2025 | +4.0% | +1.1% | +3.9% | −5.5% | +0.2% | +2.1% | −0.6% | +2.1% | +2.0% | +2.4% | +2.3% | +0.5% |
| 2024 | +0.4% | −1.2% | +3.9% | +2.5% | +1.8% | −1.4% | −3.8% | −0.9% | +4.3% | −1.2% | +0.4% | +1.1% |
| 2023 | −1.2% | −4.6% | −1.5% | −1.4% | −6.4% | +4.3% | +7.1% | −0.7% | −0.4% | −0.2% | −2.3% | −2.3% |
| 2022 | +8.9% | +5.4% | +10.6% | +3.6% | +1.5% | −9.2% | +3.6% | 0.0% | −8.9% | +1.2% | +3.8% | −3.5% |
| 2021 | +5.3% | +6.9% | −2.4% | +7.6% | +3.2% | +2.3% | +2.1% | +0.6% | +4.4% | +2.6% | −7.0% | +4.4% |
| 2020 | −10.9% | −8.5% | −28.3% | −9.8% | +16.4% | +5.0% | +3.8% | +4.5% | −3.6% | −3.6% | +11.9% | +5.9% |
| 2019 | — | — | — | — | — | — | −0.4% | −5.7% | +1.8% | +1.1% | 0.0% | +6.9% |
GCCIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.90%
- 3-year Sharpe ratio: 0.54 (vs 4.5% risk-free rate)
- Best month: +7.12% (Jan 2026)
- Worst month: −7.38% (Jun 2026)
GCCIX Fund Flows
Monthly money in and out of Goldman Sachs Commodity Strategy Fund, from SEC Form N-PORT.
- 12-month net flow: −$748K
- 12-month gross sales (incl. reinvestments): $90.3M
- Sales ÷ redemptions: 0.99×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.7M | $6.9M | $2.8M |
| May 2026 | $2.4M | $5.4M | −$2.9M |
| Apr 2026 | $3.9M | $6.4M | −$2.6M |
| Mar 2026 | $4.3M | $15.6M | −$11.4M |
| Feb 2026 | $5.6M | $4.3M | $1.4M |
| Jan 2026 | $4.5M | $9.2M | −$4.6M |
| Dec 2025 | $40.4M | $10.8M | $29.5M |
| Nov 2025 | $2.6M | $5.4M | −$2.9M |
| Oct 2025 | $4.4M | $11.5M | −$7.1M |
| Sep 2025 | $3.8M | $5.1M | −$1.3M |
| Aug 2025 | $4.8M | $4.2M | $620K |
| Jul 2025 | $4.0M | $6.3M | −$2.3M |
GCCIX Assets Under Management
Net assets of Goldman Sachs Commodity Strategy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $346.20M |
| 2026-03-31 | $370.01M |
| 2025-12-31 | $337.33M |
| 2025-09-30 | $344.27M |
| 2025-06-30 | $335.28M |
| 2025-03-31 | $350.88M |
| 2024-12-31 | $333.33M |
| 2024-09-30 | $353.78M |
| 2024-06-30 | $394.65M |
| 2024-03-31 | $408.80M |
| 2023-12-31 | $584.92M |
| 2023-09-30 | $712.11M |
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.