GEBCX Performance — Goldman Sachs ESG Emerging Markets Equity Fund, Class C
Data updated: 2026-03-31
GEBCX returned +8.79% year to date and +40.32% over one year to Jan 2026. Annualised returns are +13.14% over 3 years and +0.58% over 5 years. The fund trailed its Emerging Markets Thematic Equity category average: $100 invested three years ago grew to $145, against $148 for the category, and to $140 over one year, against $141. Volatility over the past three years was 12.97% a year. In the 12 months to Jan 2026 the fund lost a net $7.3M, and assets reached $22.88M.
GEBCX 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 | GEBCX | Category average |
|---|---|---|
| 1 year (Feb 2025 – Jan 2026) | $140 | $141 |
| 3 years (Feb 2023 – Jan 2026) | $145 | $148 |
| 5 years (Feb 2021 – Jan 2026) | $103 | $122 |
| Since data start (Aug 2019 – Jan 2026) | $153 | $170 |
GEBCX Trailing Returns
Total returns to Jan 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.79% |
| 1 year | +40.32% |
| 3 years (annualised) | +13.14% |
| 5 years (annualised) | +0.58% |
GEBCX 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) | +8.79% |
| 2025 | +30.05% |
| 2024 | +8.87% |
| 2023 | +3.67% |
| 2022 | −30.69% |
| 2021 | −3.98% |
| 2020 | +30.81% |
| 2019 (Aug–Dec) | +10.21% |
GEBCX 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 | +8.8% | — | — | — | — | — | — | — | — | — | — | — |
| 2025 | +0.8% | +1.4% | 0.0% | +0.5% | +4.0% | +5.2% | +0.9% | +2.9% | +6.4% | +3.8% | −2.5% | +3.2% |
| 2024 | −3.4% | +5.1% | +3.1% | −0.4% | +1.1% | +3.9% | +0.4% | +1.6% | +5.9% | −3.9% | −3.4% | −0.9% |
| 2023 | +10.3% | −7.4% | +2.3% | −1.8% | −2.4% | +4.0% | +3.9% | −6.5% | −3.0% | −2.7% | +6.0% | +2.5% |
| 2022 | −3.2% | −6.0% | −3.8% | −8.5% | +0.8% | −7.4% | +0.4% | −1.9% | −11.7% | −4.7% | +15.5% | −3.1% |
| 2021 | +3.3% | +0.2% | −2.8% | +1.6% | +1.9% | +2.2% | −5.5% | +3.1% | −5.0% | +1.0% | −4.4% | +1.0% |
| 2020 | −2.8% | −3.1% | −16.8% | +8.6% | +3.3% | +9.1% | +9.8% | +2.2% | −0.4% | +2.3% | +9.3% | +9.1% |
| 2019 | — | — | — | — | — | — | — | −3.1% | +1.9% | +4.1% | +0.4% | +6.8% |
GEBCX Risk
Risk measures from monthly returns over Feb 2023 – Jan 2026.
- 3-year volatility (annualised): 12.97%
- 3-year Sharpe ratio: 0.67 (vs 4.5% risk-free rate)
- Best month: +8.79% (Jan 2026)
- Worst month: −7.40% (Feb 2023)
GEBCX 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 |
GEBCX 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.