GMVRX Performance — Goldman Sachs Small/Mid Cap Equity Fund, Class R
Data updated: 2026-07-24
GMVRX returned +16.51% year to date and +29.66% over one year to May 2026. Annualised returns are +15.70% over 3 years and +6.17% over 5 years. The fund beat its US Mid-Cap Value category average: $100 invested three years ago grew to $155, against $154 for the category, and to $130 over one year, against $121. Volatility over the past three years was 17.27% a year. In the 12 months to May 2026 the fund lost a net $19.6M, and assets reached $151.84M.
GMVRX Growth of $100
What $100 invested in Goldman Sachs Small/Mid Cap Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | GMVRX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $130 | $121 |
| 3 years (Jun 2023 – May 2026) | $155 | $154 |
| 5 years (Jun 2021 – May 2026) | $135 | $148 |
| Since data start (Sep 2019 – May 2026) | $194 | $211 |
GMVRX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.51% |
| 1 year | +29.66% |
| 3 years (annualised) | +15.70% |
| 5 years (annualised) | +6.17% |
GMVRX Annual Returns
Calendar-year total returns of Goldman Sachs Small/Mid Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +16.51% |
| 2025 | +5.08% |
| 2024 | +10.51% |
| 2023 | +11.10% |
| 2022 | −16.00% |
| 2021 | +30.07% |
| 2020 | +7.41% |
| 2019 (Sep–Dec) | +9.81% |
GMVRX 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 | +4.3% | +4.1% | −5.3% | +9.8% | +3.2% | — | — | — | — | — | — | — |
| 2025 | +3.1% | −5.2% | −4.7% | −3.5% | +5.0% | +4.6% | +0.6% | +2.6% | +0.4% | +0.7% | +2.3% | −0.4% |
| 2024 | −2.1% | +5.2% | +5.0% | −6.1% | +3.9% | −2.3% | +8.0% | 0.0% | +0.4% | −1.5% | +8.8% | −7.7% |
| 2023 | +8.5% | −2.6% | −3.6% | −1.2% | −3.6% | +8.8% | +4.3% | −4.1% | −5.6% | −5.4% | +7.9% | +9.1% |
| 2022 | −5.1% | +1.6% | +0.7% | −7.1% | +0.8% | −10.7% | +9.2% | −3.5% | −9.8% | +10.3% | +4.2% | −5.3% |
| 2021 | 0.0% | +9.4% | +4.6% | +5.6% | +0.8% | −1.8% | −0.6% | +2.9% | −2.1% | +5.5% | −2.1% | +5.1% |
| 2020 | −2.8% | −9.5% | −23.1% | +12.3% | +5.5% | +0.8% | +3.5% | +4.8% | −3.5% | +2.4% | +16.2% | +6.8% |
| 2019 | — | — | — | — | — | — | — | — | +2.9% | +1.1% | +2.7% | +2.8% |
GMVRX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 17.27%
- 3-year Sharpe ratio: 0.65 (vs 4.5% risk-free rate)
- Best month: +9.77% (Apr 2026)
- Worst month: −7.65% (Dec 2024)
GMVRX Fund Flows
Monthly money in and out of Goldman Sachs Small/Mid Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$19.6M
- 12-month gross sales (incl. reinvestments): $22.5M
- Sales ÷ redemptions: 0.54×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.0M | $1.6M | $348K |
| Apr 2026 | $2.0M | $3.5M | −$1.4M |
| Mar 2026 | $884K | $1.4M | −$515K |
| Feb 2026 | $2.1M | $1.1M | $1.0M |
| Jan 2026 | $1.6M | $5.0M | −$3.4M |
| Dec 2025 | $7.7M | $10.4M | −$2.6M |
| Nov 2025 | $748K | $2.2M | −$1.5M |
| Oct 2025 | $1.7M | $3.3M | −$1.6M |
| Sep 2025 | $811K | $1.4M | −$550K |
| Aug 2025 | $939K | $3.8M | −$2.8M |
| Jul 2025 | $1.4M | $6.7M | −$5.3M |
| Jun 2025 | $643K | $1.8M | −$1.2M |
GMVRX Assets Under Management
Net assets of Goldman Sachs Small/Mid Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $151.84M |
| 2026-02-28 | $143.01M |
| 2025-11-30 | $144.15M |
| 2025-08-31 | $142.78M |
| 2025-05-31 | $140.87M |
| 2025-02-28 | $143.23M |
| 2024-11-30 | $160.74M |
| 2024-08-31 | $155.15M |
| 2024-05-31 | $148.87M |
| 2024-02-29 | $148.87M |
| 2023-11-30 | $143.85M |
| 2023-08-31 | $220.86M |
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.