GCTMX Performance — Goldman Sachs International Tax-Managed Equity Fund, Class C
Data updated: 2026-08-26
GCTMX returned +12.93% year to date and +26.31% over one year to Jun 2026. Annualised returns are +20.42% over 3 years and +11.03% over 5 years. The fund beat its International Large Blend category average: $100 invested three years ago grew to $175, against $155 for the category, and to $126 over one year, against $119. Volatility over the past three years was 13.20% a year. In the 12 months to Jun 2026 the fund lost a net $163.5M, and assets reached $957.93M.
GCTMX Growth of $100
What $100 invested in Goldman Sachs International Tax-Managed Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Blend category average over the same months.
| Period | GCTMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $126 | $119 |
| 3 years (Jul 2023 – Jun 2026) | $175 | $155 |
| 5 years (Jul 2021 – Jun 2026) | $169 | $146 |
| Since data start (Jul 2019 – Jun 2026) | $211 | $189 |
GCTMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.93% |
| 1 year | +26.31% |
| 3 years (annualised) | +20.42% |
| 5 years (annualised) | +11.03% |
GCTMX Annual Returns
Calendar-year total returns of Goldman Sachs International Tax-Managed Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +12.93% |
| 2025 | +38.00% |
| 2024 | +5.23% |
| 2023 | +18.98% |
| 2022 | −15.96% |
| 2021 | +11.19% |
| 2020 | +8.91% |
| 2019 (Jul–Dec) | +6.12% |
GCTMX 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 | +5.8% | +6.7% | −8.6% | +5.3% | +3.6% | +0.3% | — | — | — | — | — | — |
| 2025 | +4.6% | +3.2% | +0.8% | +4.6% | +5.3% | +2.8% | −2.4% | +5.2% | +3.7% | +0.5% | +1.7% | +2.8% |
| 2024 | +0.9% | +3.6% | +4.4% | −4.4% | +5.0% | −2.4% | +3.1% | +3.1% | −0.1% | −4.7% | +0.6% | −3.4% |
| 2023 | +7.6% | −2.4% | +2.3% | +2.4% | −4.1% | +5.9% | +2.6% | −3.2% | −2.8% | −2.6% | +8.9% | +4.0% |
| 2022 | −4.8% | −2.3% | +1.4% | −6.6% | +1.6% | −10.0% | +4.6% | −5.8% | −9.2% | +5.9% | +12.5% | −2.1% |
| 2021 | −1.1% | +1.4% | +1.8% | +3.0% | +3.5% | −0.7% | +1.7% | +2.3% | −4.2% | +2.6% | −4.0% | +4.8% |
| 2020 | −1.6% | −7.9% | −15.2% | +7.5% | +5.8% | +3.0% | +3.6% | +4.4% | −1.3% | −3.7% | +11.1% | +5.7% |
| 2019 | — | — | — | — | — | — | −2.5% | −1.6% | +2.8% | +3.5% | +0.8% | +3.1% |
GCTMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.20%
- 3-year Sharpe ratio: 1.21 (vs 4.5% risk-free rate)
- Best month: +8.87% (Nov 2023)
- Worst month: −8.59% (Mar 2026)
GCTMX Fund Flows
Monthly money in and out of Goldman Sachs International Tax-Managed Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$163.5M
- 12-month gross sales (incl. reinvestments): $190.5M
- Sales ÷ redemptions: 0.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.0M | $2.3M | $6.7M |
| May 2026 | $10.4M | $2.2M | $8.3M |
| Apr 2026 | $24.9M | $190.5M | −$165.5M |
| Mar 2026 | $9.1M | $3.6M | $5.6M |
| Feb 2026 | $14.7M | $3.5M | $11.2M |
| Jan 2026 | $26.3M | $84.5M | −$58.3M |
| Dec 2025 | $64.4M | $2.3M | $62.2M |
| Nov 2025 | $5.6M | $5.1M | $477K |
| Oct 2025 | $10.9M | $57.1M | −$46.2M |
| Sep 2025 | $4.3M | $611K | $3.7M |
| Aug 2025 | $4.2M | $754K | $3.4M |
| Jul 2025 | $6.7M | $1.7M | $5.1M |
GCTMX Assets Under Management
Net assets of Goldman Sachs International Tax-Managed Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $957.93M |
| 2026-03-31 | $1.02B |
| 2025-12-31 | $1.03B |
| 2025-09-30 | $984.34M |
| 2025-06-30 | $910.29M |
| 2025-03-31 | $797.27M |
| 2024-12-31 | $912.66M |
| 2024-09-30 | $1.02B |
| 2024-06-30 | $885.25M |
| 2024-03-31 | $868.51M |
| 2023-12-31 | $791.33M |
| 2023-09-29 | $716.97M |
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.