GSANX Performance — Goldman Sachs Small Cap Growth Fund, Class R
Data updated: 2026-07-24
GSANX returned +18.65% over one year to Jun 2023. The annualised 3-year return is +7.46%. The fund beat its US Small Growth category average: $100 invested three years ago grew to $124, against $124 for the category, and to $119 over one year, against $115. Volatility over the past three years was 22.64% a year. In the 12 months to May 2026 the fund took in a net $6.7M, and assets reached $458.62M.
GSANX Growth of $100
What $100 invested in Goldman Sachs Small Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | GSANX | Category average |
|---|---|---|
| 1 year (Jul 2022 – Jun 2023) | $119 | $115 |
| 3 years (Jul 2020 – Jun 2023) | $124 | $124 |
| Since data start (Nov 2019 – Jun 2023) | $143 | $133 |
GSANX Trailing Returns
Total returns to Jun 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +18.65% |
| 3 years (annualised) | +7.46% |
GSANX Annual Returns
Calendar-year total returns of Goldman Sachs Small Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jun) | +13.58% |
| 2022 | −29.14% |
| 2021 | +7.95% |
| 2020 | +53.79% |
| 2019 (Nov–Dec) | +7.12% |
GSANX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +10.3% | −1.6% | −1.1% | −1.2% | −0.4% | +7.6% | — | — | — | — | — | — |
| 2022 | −16.1% | +0.2% | +0.6% | −12.7% | −3.5% | −4.8% | +12.1% | −1.9% | −7.0% | +7.9% | +1.8% | −7.0% |
| 2021 | +3.9% | +2.2% | −3.0% | +3.8% | −4.2% | +5.0% | −1.2% | +3.4% | −3.5% | +5.5% | −4.5% | +1.0% |
| 2020 | +1.3% | −6.4% | −16.7% | +17.3% | +10.9% | +4.7% | +5.0% | +5.7% | −1.8% | +2.5% | +15.2% | +11.0% |
| 2019 | — | — | — | — | — | — | — | — | — | — | +4.8% | +2.2% |
GSANX Risk
Risk measures from monthly returns over Jul 2020 – Jun 2023.
- 3-year volatility (annualised): 22.64%
- 3-year Sharpe ratio: 0.13 (vs 4.5% risk-free rate)
- Best month: +15.15% (Nov 2020)
- Worst month: −16.08% (Jan 2022)
GSANX Fund Flows
Monthly money in and out of Goldman Sachs Small Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $6.7M
- 12-month gross sales (incl. reinvestments): $135.7M
- Sales ÷ redemptions: 1.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.5M | $29.2M | −$21.8M |
| Apr 2026 | $13.2M | $21.6M | −$8.4M |
| Mar 2026 | $13.9M | $5.3M | $8.6M |
| Feb 2026 | $14.0M | $5.1M | $9.0M |
| Jan 2026 | $9.9M | $14.7M | −$4.8M |
| Dec 2025 | $6.9M | $5.6M | $1.3M |
| Nov 2025 | $8.9M | $5.4M | $3.5M |
| Oct 2025 | $15.5M | $9.0M | $6.5M |
| Sep 2025 | $16.9M | $9.5M | $7.4M |
| Aug 2025 | $7.4M | $2.8M | $4.6M |
| Jul 2025 | $14.5M | $9.6M | $4.9M |
| Jun 2025 | $7.2M | $11.2M | −$4.0M |
GSANX Assets Under Management
Net assets of Goldman Sachs Small Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $458.62M |
| 2026-02-28 | $423.74M |
| 2025-11-30 | $394.28M |
| 2025-08-31 | $365.40M |
| 2025-05-31 | $328.08M |
| 2025-02-28 | $304.76M |
| 2024-11-30 | $160.22M |
| 2024-08-31 | $133.61M |
| 2024-05-31 | $109.05M |
| 2024-02-29 | $63.80M |
| 2023-11-30 | $36.42M |
| 2023-08-31 | $40.74M |
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.