GSANX — Goldman Sachs Small Cap Growth Fund
Data updated: 2026-07-24
GSANX — Goldman Sachs Small Cap Growth Fund. United States Small Cap Growth Equity · $458.62M AUM. Holdings, fees, performance and SEC filings.
GSANX Fund Overview
GSANX — Goldman Sachs Small Cap Growth Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as United States Small Cap Growth 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: United States Small Cap Growth Equity
- Assets under management: $458.62M
- 1-year return: 18.7%
- Ticker: GSANX
- SEC CIK: 0000822977
- SEC series ID: S000061413
- Share class ID: C000198885
GSANX Investment Objective and Strategy
Goldman Sachs Small Cap Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Trust.
Investment objective
The Goldman Sachs Small Cap Growth Fund (the Fund) seeks long-term growth of capital.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (Net Assets) in a diversified portfolio of equity investments in small-cap issuers. Small-cap issuers are companies with relatively small market capitalizations. As of November 28, 2025, small-cap issuers generally have public stock market capitalizations between $11 million and $31 billion; however, this capitalization range will change over time and with market conditions. The Fund may also invest in securities outside of the then-existing small-cap issuer capitalization range at the time of investment. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in companies that are considered by the Investment Adviser to be positioned for long-term growth.
Although the Fund invests primarily in publicly traded U.S. securities, it may invest up to 25% of its Net Assets in foreign securities, including securities of issuers in countries with emerging markets or economies (emerging countries) and securities quoted in foreign currencies. The Fund may also invest in privately held companies and companies that only recently began to trade publicly. The Funds fundamental equity growth investment process involves evaluating potential investments based on specific characteristics believed to indicate a high-quality business with sustainable growth, including strong business franchises, favorable long-term prospects, and excellent management. The Investment Adviser will also consider valuation of companies when determining whether to buy and/or sell securities.
The Investment Adviser may integrate environmental, social and governance (ESG) factors alongside traditional fundamental factors as part of its fundamental research process. No one factor or consideration is determinative in the stock selection process. The Investment Adviser may decide to sell a position for various reasons, including when a companys fundamental outlook deteriorates, because of valuation and price considerations, for risk management purposes, or when a company is deemed to be misallocating capital or a company no longer fits within the Funds definition of a small-cap company. The Fund may invest up to 20% of its Net Assets in fixed income securities, such as government, corporate and bank debt obligations. The Investment Adviser measures the Funds performance against the Russell 2000 Growth Index.
GSANX Holdings
Top 10 holdings of Goldman Sachs Small Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Spx Technologies, Inc. | 2.17% |
| Dycom Industries, Inc. | 2.16% |
| Credo Technology Group Holding Ltd. | 2.12% |
| Enpro, Inc. | 2.07% |
| Nextpower, Inc. | 1.87% |
| Sitime Corp. | 1.84% |
| Digitalocean Holdings, Inc. | 1.83% |
| Lattice Semiconductor Corp. | 1.75% |
| Myr Group, Inc. | 1.69% |
| Fabrinet | 1.56% |
GSANX Portfolio Allocation
Asset-class allocation of Goldman Sachs Small Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 1.4% |
GSANX Performance
Total returns for GSANX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 18.7% |
| 3 years (annualised) | 7.5% |
GSANX Risk Information
Risk metrics for GSANX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.1%
GSANX Costs and Fees
GSANX costs about $149 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.49%
- Gross expense ratio: 2.38%
- Portfolio turnover: 73%
- Brokerage commissions: 10.44 bps of average net assets (SEC N-CEN)
GSANX Cashflows
Over the 12 months to 2026-05, Goldman Sachs Small Cap Growth Fund had net inflows of $6.73M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$21.79M |
| 2026-04 | −$8.39M |
| 2026-03 | $8.60M |
| 2026-02 | $8.99M |
| 2026-01 | −$4.81M |
| 2025-12 | $1.28M |
GSANX Debt Constituents
No individual debt constituents are reported in Goldman Sachs Small Cap Growth Fund's latest SEC N-PORT filing.
GSANX Prospectus and SEC Filings
Official Goldman Sachs Small Cap Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-26
- Prospectus (485BPOS) — filed 2023-12-27
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2025-11-13
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other United States Small Cap Growth 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.