GCSAX Performance — Goldman Sachs Small Cap Equity Insights Fund, Class A
Data updated: 2026-09-24
GCSAX returned +21.01% year to date and +39.34% over one year to Jul 2026. Annualised returns are +19.12% over 3 years and +10.52% over 5 years. The fund beat its US Small Blend category average: $100 invested three years ago grew to $169, against $146 for the category, and to $139 over one year, against $129. Volatility over the past three years was 20.18% a year. In the 12 months to Jul 2026 the fund took in a net $417.8M, and assets reached $1.01B.
GCSAX Growth of $100
What $100 invested in Goldman Sachs Small Cap Equity Insights Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | GCSAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $139 | $129 |
| 3 years (Aug 2023 – Jul 2026) | $169 | $146 |
| 5 years (Aug 2021 – Jul 2026) | $165 | $141 |
| Since data start (Aug 2019 – Jul 2026) | $219 | $204 |
GCSAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +21.01% |
| 1 year | +39.34% |
| 3 years (annualised) | +19.12% |
| 5 years (annualised) | +10.52% |
GCSAX Annual Returns
Calendar-year total returns of Goldman Sachs Small Cap Equity Insights Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +21.01% |
| 2025 | +15.10% |
| 2024 | +18.68% |
| 2023 | +19.29% |
| 2022 | −20.30% |
| 2021 | +23.44% |
| 2020 | +6.56% |
| 2019 (Aug–Dec) | +6.09% |
GCSAX 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 | +5.5% | +3.0% | −5.9% | +12.7% | +3.5% | +4.7% | −3.1% | — | — | — | — | — |
| 2025 | +3.4% | −6.0% | −7.3% | −2.2% | +6.4% | +5.3% | +1.3% | +8.6% | +3.1% | +0.8% | +2.4% | −0.4% |
| 2024 | −1.9% | +8.2% | +2.7% | −6.6% | +5.7% | −0.8% | +11.1% | −0.7% | +0.3% | −1.8% | +10.7% | −7.7% |
| 2023 | +9.7% | −1.3% | −4.1% | −1.3% | −0.6% | +8.4% | +5.7% | −4.5% | −5.0% | −6.5% | +8.5% | +11.1% |
| 2022 | −8.2% | +0.1% | +0.4% | −9.1% | +1.1% | −9.0% | +9.8% | −3.4% | −9.5% | +11.6% | +2.4% | −5.9% |
| 2021 | +3.4% | +7.0% | +3.3% | +3.5% | +2.0% | +1.3% | −3.7% | +3.5% | −2.8% | +4.7% | −3.7% | +3.4% |
| 2020 | −4.8% | −9.2% | −22.5% | +13.7% | +5.0% | +4.0% | +2.9% | +3.1% | −3.5% | +0.5% | +15.6% | +7.6% |
| 2019 | — | — | — | — | — | — | — | −5.1% | +2.7% | +3.9% | +3.1% | +1.7% |
GCSAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 20.18%
- 3-year Sharpe ratio: 0.72 (vs 4.5% risk-free rate)
- Best month: +12.66% (Apr 2026)
- Worst month: −7.71% (Dec 2024)
GCSAX Fund Flows
Monthly money in and out of Goldman Sachs Small Cap Equity Insights Fund, from SEC Form N-PORT.
- 12-month net flow: $417.8M
- 12-month gross sales (incl. reinvestments): $554.6M
- Sales ÷ redemptions: 4.06×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $103.4M | $10.8M | $92.6M |
| Jun 2026 | $147.3M | $11.1M | $136.2M |
| May 2026 | $23.9M | $9.9M | $14.0M |
| Apr 2026 | $25.7M | $12.5M | $13.1M |
| Mar 2026 | $39.1M | $16.6M | $22.6M |
| Feb 2026 | $55.0M | $12.3M | $42.7M |
| Jan 2026 | $33.4M | $8.3M | $25.1M |
| Dec 2025 | $72.8M | $12.8M | $60.0M |
| Nov 2025 | $9.8M | $13.8M | −$4.0M |
| Oct 2025 | $11.4M | $15.5M | −$4.1M |
| Sep 2025 | $18.9M | $8.0M | $10.9M |
| Aug 2025 | $13.8M | $5.1M | $8.6M |
GCSAX Assets Under Management
Net assets of Goldman Sachs Small Cap Equity Insights Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.01B |
| 2026-04-30 | $730.28M |
| 2026-01-31 | $591.28M |
| 2025-10-31 | $521.84M |
| 2025-07-31 | $447.29M |
| 2025-04-30 | $394.90M |
| 2025-01-31 | $441.67M |
| 2024-10-31 | $433.62M |
| 2024-07-31 | $443.28M |
| 2024-04-30 | $394.49M |
| 2024-01-31 | $397.18M |
| 2023-10-31 | $323.95M |
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.