GCTCX Performance — Goldman Sachs U.S. Tax-Managed Equity Fund, Class C
Data updated: 2026-08-26
GCTCX returned +8.03% year to date and +19.06% over one year to Jun 2026. Annualised returns are +17.87% over 3 years and +10.29% over 5 years. The fund beat its US Large Blend category average: $100 invested three years ago grew to $164, against $157 for the category, and to $119 over one year, against $118. Volatility over the past three years was 13.47% a year. In the 12 months to Jun 2026 the fund lost a net $67.5M, and assets reached $4.78B.
GCTCX Growth of $100
What $100 invested in Goldman Sachs U.S. Tax-Managed Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | GCTCX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $119 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $164 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $163 | $161 |
| Since data start (Jul 2019 – Jun 2026) | $239 | $229 |
GCTCX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.03% |
| 1 year | +19.06% |
| 3 years (annualised) | +17.87% |
| 5 years (annualised) | +10.29% |
GCTCX Annual Returns
Calendar-year total returns of Goldman Sachs U.S. Tax-Managed Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +8.03% |
| 2025 | +14.12% |
| 2024 | +24.65% |
| 2023 | +22.50% |
| 2022 | −21.12% |
| 2021 | +27.82% |
| 2020 | +16.30% |
| 2019 (Jul–Dec) | +8.46% |
GCTCX 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 | +1.8% | −0.3% | −6.0% | +9.1% | +4.8% | −0.9% | — | — | — | — | — | — |
| 2025 | +3.1% | −2.6% | −6.7% | −0.9% | +6.6% | +4.6% | +1.6% | +2.6% | +3.4% | +2.1% | +0.4% | −0.3% |
| 2024 | +2.3% | +6.7% | +2.8% | −4.6% | +5.0% | +3.6% | +1.1% | +1.7% | +1.4% | −1.1% | +6.6% | −2.6% |
| 2023 | +6.5% | −2.0% | +1.7% | +0.3% | +0.9% | +7.0% | +2.8% | −2.1% | −4.9% | −2.0% | +8.2% | +5.0% |
| 2022 | −7.6% | −2.3% | +2.9% | −8.5% | −0.9% | −8.7% | +8.7% | −3.2% | −8.5% | +8.7% | +3.9% | −5.8% |
| 2021 | −0.6% | +3.0% | +3.3% | +6.1% | +1.0% | +2.6% | +1.9% | +3.0% | −5.1% | +7.0% | −1.1% | +4.2% |
| 2020 | −1.5% | −7.5% | −14.2% | +13.7% | +6.0% | +2.4% | +6.4% | +5.8% | −4.3% | −2.2% | +9.9% | +4.0% |
| 2019 | — | — | — | — | — | — | +1.6% | −2.7% | +1.4% | +2.1% | +3.9% | +2.2% |
GCTCX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.47%
- 3-year Sharpe ratio: 0.99 (vs 4.5% risk-free rate)
- Best month: +9.07% (Apr 2026)
- Worst month: −6.67% (Mar 2025)
GCTCX Fund Flows
Monthly money in and out of Goldman Sachs U.S. Tax-Managed Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$67.5M
- 12-month gross sales (incl. reinvestments): $160.9M
- Sales ÷ redemptions: 0.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.0M | $2.5M | −$479K |
| May 2026 | $1.0M | $3.3M | −$2.3M |
| Apr 2026 | $77.7M | $3.0M | $74.7M |
| Mar 2026 | $1.8M | $3.2M | −$1.4M |
| Feb 2026 | $5.0M | $3.6M | $1.4M |
| Jan 2026 | $3.5M | $5.4M | −$1.9M |
| Dec 2025 | $25.5M | $4.0M | $21.5M |
| Nov 2025 | $3.8M | $1.7M | $2.1M |
| Oct 2025 | $28.8M | $186.9M | −$158.1M |
| Sep 2025 | $2.2M | $6.3M | −$4.1M |
| Aug 2025 | $6.3M | $5.5M | $795K |
| Jul 2025 | $3.2M | $3.0M | $108K |
GCTCX Assets Under Management
Net assets of Goldman Sachs U.S. Tax-Managed Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $4.78B |
| 2026-03-31 | $4.14B |
| 2025-12-31 | $4.33B |
| 2025-09-30 | $4.38B |
| 2025-06-30 | $4.06B |
| 2025-03-31 | $3.21B |
| 2024-12-31 | $3.55B |
| 2024-09-30 | $3.45B |
| 2024-06-30 | $3.24B |
| 2024-03-31 | $3.09B |
| 2023-12-31 | $2.81B |
| 2023-09-29 | $2.48B |
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.