GHTMX Performance — Goldman Sachs International Tax-Managed Equity Fund, Institutional Class
Data updated: 2026-08-26
GHTMX returned +13.54% year to date and +27.64% over one year to Jun 2026. Annualised returns are +21.71% over 3 years and +12.23% over 5 years. The fund beat its International Large Blend category average: $100 invested three years ago grew to $180, against $155 for the category, and to $128 over one year, against $119. Volatility over the past three years was 13.19% a year. In the 12 months to Jun 2026 the fund lost a net $163.5M, and assets reached $957.93M.
GHTMX 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 | GHTMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $128 | $119 |
| 3 years (Jul 2023 – Jun 2026) | $180 | $155 |
| 5 years (Jul 2021 – Jun 2026) | $178 | $146 |
| Since data start (Jul 2019 – Jun 2026) | $227 | $189 |
GHTMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +13.54% |
| 1 year | +27.64% |
| 3 years (annualised) | +21.71% |
| 5 years (annualised) | +12.23% |
GHTMX 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) | +13.54% |
| 2025 | +39.48% |
| 2024 | +6.31% |
| 2023 | +20.23% |
| 2022 | −15.02% |
| 2021 | +12.42% |
| 2020 | +10.14% |
| 2019 (Jul–Dec) | +6.68% |
GHTMX 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 | +5.9% | +6.8% | −8.5% | +5.3% | +3.8% | +0.4% | — | — | — | — | — | — |
| 2025 | +4.8% | +3.2% | +0.9% | +4.8% | +5.4% | +3.0% | −2.3% | +5.3% | +3.7% | +0.6% | +1.8% | +2.9% |
| 2024 | +0.9% | +3.7% | +4.4% | −4.2% | +5.0% | −2.3% | +3.2% | +3.2% | +0.1% | −4.6% | +0.7% | −3.3% |
| 2023 | +7.7% | −2.3% | +2.4% | +2.5% | −3.9% | +5.9% | +2.7% | −3.0% | −2.8% | −2.6% | +9.0% | +4.1% |
| 2022 | −4.7% | −2.2% | +1.6% | −6.5% | +1.7% | −9.9% | +4.7% | −5.7% | −9.0% | +5.9% | +12.6% | −2.0% |
| 2021 | −1.0% | +1.5% | +1.9% | +3.1% | +3.6% | −0.7% | +1.8% | +2.5% | −4.1% | +2.7% | −4.0% | +5.0% |
| 2020 | −1.4% | −7.8% | −15.0% | +7.6% | +5.9% | +3.1% | +3.7% | +4.6% | −1.2% | −3.7% | +11.2% | +5.8% |
| 2019 | — | — | — | — | — | — | −2.3% | −1.5% | +2.9% | +3.6% | +0.9% | +3.2% |
GHTMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.19%
- 3-year Sharpe ratio: 1.31 (vs 4.5% risk-free rate)
- Best month: +8.97% (Nov 2023)
- Worst month: −8.50% (Mar 2026)
GHTMX 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 |
GHTMX 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.