GEBAX Performance — Goldman Sachs ESG Emerging Markets Equity Fund, Class A
Data updated: 2026-03-31
GEBAX returned +8.87% year to date and +41.35% over one year to Jan 2026. Annualised returns are +13.97% over 3 years and +1.32% over 5 years. The fund beat its Emerging Markets Thematic Equity category average: $100 invested three years ago grew to $148, against $148 for the category, and to $141 over one year, against $141. Volatility over the past three years was 12.92% a year. In the 12 months to Jan 2026 the fund lost a net $7.3M, and assets reached $22.88M.
GEBAX Growth of $100
What $100 invested in Goldman Sachs ESG Emerging Markets Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Thematic Equity category average over the same months.
| Period | GEBAX | Category average |
|---|---|---|
| 1 year (Feb 2025 – Jan 2026) | $141 | $141 |
| 3 years (Feb 2023 – Jan 2026) | $148 | $148 |
| 5 years (Feb 2021 – Jan 2026) | $107 | $122 |
| Since data start (Aug 2019 – Jan 2026) | $161 | $170 |
GEBAX Trailing Returns
Total returns to Jan 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.87% |
| 1 year | +41.35% |
| 3 years (annualised) | +13.97% |
| 5 years (annualised) | +1.32% |
GEBAX Annual Returns
Calendar-year total returns of Goldman Sachs ESG Emerging Markets Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jan) | +8.87% |
| 2025 | +31.02% |
| 2024 | +9.64% |
| 2023 | +4.44% |
| 2022 | −30.21% |
| 2021 | −3.18% |
| 2020 | +31.83% |
| 2019 (Aug–Dec) | +10.52% |
GEBAX 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 | +8.9% | — | — | — | — | — | — | — | — | — | — | — |
| 2025 | +0.9% | +1.6% | −0.1% | +0.7% | +4.1% | +5.3% | +1.0% | +2.9% | +6.5% | +3.8% | −2.3% | +3.2% |
| 2024 | −3.3% | +5.2% | +3.1% | −0.4% | +1.2% | +3.9% | +0.6% | +1.7% | +5.9% | −3.8% | −3.4% | −0.9% |
| 2023 | +10.3% | −7.3% | +2.2% | −1.7% | −2.2% | +4.0% | +3.9% | −6.3% | −3.0% | −2.6% | +6.0% | +2.6% |
| 2022 | −3.3% | −5.9% | −3.7% | −8.5% | +0.9% | −7.3% | +0.4% | −1.9% | −11.7% | −4.7% | +15.7% | −3.0% |
| 2021 | +3.4% | +0.3% | −2.8% | +1.7% | +2.0% | +2.2% | −5.5% | +3.3% | −4.9% | +1.1% | −4.4% | +1.1% |
| 2020 | −2.7% | −3.0% | −16.8% | +8.6% | +3.4% | +9.2% | +9.8% | +2.3% | −0.3% | +2.4% | +9.3% | +9.2% |
| 2019 | — | — | — | — | — | — | — | −3.0% | +1.9% | +4.2% | +0.5% | +6.8% |
GEBAX Risk
Risk measures from monthly returns over Feb 2023 – Jan 2026.
- 3-year volatility (annualised): 12.92%
- 3-year Sharpe ratio: 0.73 (vs 4.5% risk-free rate)
- Best month: +8.87% (Jan 2026)
- Worst month: −7.31% (Feb 2023)
GEBAX Fund Flows
Monthly money in and out of Goldman Sachs ESG Emerging Markets Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$7.3M
- 12-month gross sales (incl. reinvestments): $6.1M
- Sales ÷ redemptions: 0.45×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2026 | $47K | $4.4M | −$4.3M |
| Dec 2025 | $1.7M | $2.3M | −$676K |
| Nov 2025 | $2.3M | $2.0M | $288K |
| Oct 2025 | $133K | $1.1M | −$984K |
| Sep 2025 | $50K | $270K | −$220K |
| Aug 2025 | $1.1M | $304K | $826K |
| Jul 2025 | $124K | $140K | −$17K |
| Jun 2025 | $41K | $156K | −$115K |
| May 2025 | $58K | $1.0M | −$947K |
| Apr 2025 | $21K | $315K | −$294K |
| Mar 2025 | $76K | $911K | −$835K |
| Feb 2025 | $414K | $480K | −$66K |
GEBAX Assets Under Management
Net assets of Goldman Sachs ESG Emerging Markets Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-01-31 | $22.88M |
| 2025-10-31 | $25.66M |
| 2025-07-31 | $22.77M |
| 2025-04-30 | $21.58M |
| 2025-01-31 | $22.26M |
| 2024-10-31 | $22.90M |
| 2024-07-31 | $22.65M |
| 2024-04-30 | $22.90M |
| 2024-01-31 | $22.21M |
| 2023-10-31 | $25.32M |
| 2023-07-31 | $36.95M |
| 2023-04-28 | $34.98M |
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.