GCMDX Performance — Goldman Sachs Emerging Markets Credit Fund, Class C
Data updated: 2026-08-26
GCMDX returned +1.83% year to date and +6.54% over one year to Jun 2026. Annualised returns are +5.91% over 3 years and +1.47% over 5 years. The fund trailed its International Intermediate Core Bond category average: $100 invested three years ago grew to $119, against $124 for the category, and to $107 over one year, against $107. Volatility over the past three years was 5.06% a year. In the 12 months to Jun 2026 the fund lost a net $5.9M, and assets reached $20.33M.
GCMDX Growth of $100
What $100 invested in Goldman Sachs Emerging Markets Credit 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 | GCMDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $107 |
| 3 years (Jul 2023 – Jun 2026) | $119 | $124 |
| 5 years (Jul 2021 – Jun 2026) | $108 | $110 |
| Since data start (Jul 2019 – Jun 2026) | $107 | $115 |
GCMDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.83% |
| 1 year | +6.54% |
| 3 years (annualised) | +5.91% |
| 5 years (annualised) | +1.47% |
GCMDX Annual Returns
Calendar-year total returns of Goldman Sachs Emerging Markets Credit Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.83% |
| 2025 | +8.88% |
| 2024 | +6.10% |
| 2023 | +8.36% |
| 2022 | −11.68% |
| 2021 | −8.97% |
| 2020 | +2.79% |
| 2019 (Jul–Dec) | +2.03% |
GCMDX 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 | +0.7% | +0.7% | −2.2% | +2.0% | +0.5% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.8% | +1.8% | −0.2% | −0.8% | +1.0% | +1.5% | +1.2% | +1.2% | +1.0% | +0.2% | +0.2% | +0.7% |
| 2024 | +0.7% | +0.7% | +0.5% | −0.5% | +1.0% | +0.7% | +1.5% | +1.5% | +1.2% | −1.0% | +0.2% | −0.5% |
| 2023 | +4.0% | −4.0% | +3.8% | +0.6% | −1.6% | +4.5% | +2.4% | −2.9% | −3.7% | −1.1% | +3.2% | +3.4% |
| 2022 | +0.2% | −5.9% | −0.4% | −4.9% | +1.4% | −4.5% | +0.8% | −0.8% | −5.2% | +0.2% | +6.9% | +0.5% |
| 2021 | −1.7% | −2.9% | −3.2% | +1.8% | +2.5% | −1.1% | −1.0% | +0.9% | −3.1% | −1.0% | −2.1% | +1.8% |
| 2020 | −1.6% | −2.9% | −13.6% | +4.0% | +6.2% | 0.0% | +3.3% | +0.1% | −2.2% | +0.6% | +6.6% | +4.0% |
| 2019 | — | — | — | — | — | — | +0.8% | −4.3% | +1.3% | +2.6% | −2.3% | +4.2% |
GCMDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.06%
- 3-year Sharpe ratio: 0.28 (vs 4.5% risk-free rate)
- Best month: +3.36% (Dec 2023)
- Worst month: −3.71% (Sep 2023)
GCMDX Fund Flows
Monthly money in and out of Goldman Sachs Emerging Markets Credit Fund, from SEC Form N-PORT.
- 12-month net flow: −$5.9M
- 12-month gross sales (incl. reinvestments): $3.0M
- Sales ÷ redemptions: 0.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $198K | $196K | $2K |
| May 2026 | $190K | $208K | −$18K |
| Apr 2026 | $119K | $64K | $56K |
| Mar 2026 | $155K | $105K | $50K |
| Feb 2026 | $178K | $232K | −$54K |
| Jan 2026 | $185K | $220K | −$35K |
| Dec 2025 | $212K | $3.9M | −$3.7M |
| Nov 2025 | $146K | $473K | −$326K |
| Oct 2025 | $217K | $736K | −$519K |
| Sep 2025 | $229K | $2.2M | −$1.9M |
| Aug 2025 | $527K | $355K | $172K |
| Jul 2025 | $662K | $206K | $456K |
GCMDX Assets Under Management
Net assets of Goldman Sachs Emerging Markets Credit Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $20.33M |
| 2026-03-31 | $20.04M |
| 2025-12-31 | $20.56M |
| 2025-09-30 | $25.19M |
| 2025-06-30 | $25.98M |
| 2025-03-31 | $26.52M |
| 2024-12-31 | $25.85M |
| 2024-09-30 | $31.38M |
| 2024-06-30 | $30.03M |
| 2024-03-31 | $34.33M |
| 2023-12-31 | $34.62M |
| 2023-09-30 | $61.17M |
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.