GEMAX — Goldman Sachs Emerging Markets Equity Fund
Data updated: 2026-06-22
GEMAX — Goldman Sachs Emerging Markets Equity Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Emerging Markets Mid Cap Blend / Core Equity · $3.30B AUM · 1.33% expense ratio · 54.4% 1-yr return. From SEC regulatory filings.
GEMAX Fund Overview
GEMAX — Goldman Sachs Emerging Markets Equity Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as Emerging Markets Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Goldman Sachs Trust
- Category: Emerging Markets Mid Cap Blend / Core Equity
- Assets under management: $3.30B
- 1-year return: 54.4%
- Ticker: GEMAX
- SEC CIK: 0000822977
- SEC series ID: S000009335
- Share class ID: C000025573
GEMAX Holdings
Top 10 holdings of Goldman Sachs Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd. | 12.06% |
| Samsung Electronics Co. Ltd. | 7.34% |
| Sk Hynix, Inc. | 4.96% |
| Tencent Holdings Ltd. | 3.84% |
| Alibaba Group Holding Ltd. | 3.12% |
| Delta Electronics, Inc. | 2.61% |
| Mediatek, Inc. | 1.89% |
| Icici Bank Ltd. | 1.52% |
| Kb Financial Group, Inc. | 1.46% |
| Ase Technology Holding Co. Ltd. | 1.36% |
GEMAX Portfolio Allocation
Asset-class allocation of Goldman Sachs Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
| Cash & Equivalents | 0.4% |
GEMAX Performance
Total returns for GEMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 19.2% |
| 1 year | 54.4% |
| 3 years (annualised) | 21.0% |
| 5 years (annualised) | 3.7% |
GEMAX Risk Information
Risk metrics for GEMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.7%
GEMAX Costs and Fees
GEMAX costs about $133 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.33%
- Gross expense ratio: 1.48%
- Portfolio turnover: 43%
- Brokerage commissions: 10.75 bps of average net assets (SEC N-CEN)
GEMAX Cashflows
Over the 12 months to 2026-04, Goldman Sachs Emerging Markets Equity Fund had net outflows of $594.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$32.72M |
| 2026-03 | −$13.83M |
| 2026-02 | −$59.03M |
| 2026-01 | −$59.48M |
| 2025-12 | −$24.76M |
| 2025-11 | −$70.38M |
GEMAX Debt Constituents
No individual debt constituents are reported in Goldman Sachs Emerging Markets Equity Fund's latest SEC N-PORT filing.
GEMAX Prospectus and SEC Filings
Official Goldman Sachs Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Emerging Markets Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.