GSBAX Performance — Goldman Sachs Small Cap Growth Fund, Class C
Data updated: 2026-07-24
GSBAX returned +20.32% year to date and +34.20% over one year to May 2026. Annualised returns are +20.46% over 3 years and +6.41% over 5 years. The fund beat its US Small Growth category average: $100 invested three years ago grew to $175, against $157 for the category, and to $134 over one year, against $130. Volatility over the past three years was 19.12% a year. In the 12 months to May 2026 the fund took in a net $6.7M, and assets reached $458.62M.
GSBAX 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 | GSBAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $134 | $130 |
| 3 years (Jun 2023 – May 2026) | $175 | $157 |
| 5 years (Jun 2021 – May 2026) | $136 | $124 |
| Since data start (Nov 2019 – May 2026) | $228 | $194 |
GSBAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.32% |
| 1 year | +34.20% |
| 3 years (annualised) | +20.46% |
| 5 years (annualised) | +6.41% |
GSBAX 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 |
|---|---|
| 2026 (Jan–May) | +20.32% |
| 2025 | +8.04% |
| 2024 | +20.44% |
| 2023 | +17.68% |
| 2022 | −29.54% |
| 2021 | +7.47% |
| 2020 | +52.94% |
| 2019 (Nov–Dec) | +7.04% |
GSBAX 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 | +3.2% | +3.2% | −5.2% | +13.8% | +4.7% | — | — | — | — | — | — | — |
| 2025 | +4.9% | −6.7% | −8.6% | +1.0% | +7.2% | +3.8% | +0.1% | +5.3% | +0.9% | +1.1% | +0.7% | −0.8% |
| 2024 | −1.1% | +9.2% | +1.5% | −4.6% | +5.3% | +1.1% | +5.2% | +0.4% | +1.4% | −0.9% | +10.5% | −7.7% |
| 2023 | +10.2% | −1.7% | −1.2% | −1.2% | −0.5% | +7.5% | +2.0% | −2.4% | −6.7% | −6.5% | +8.7% | +10.0% |
| 2022 | −16.1% | +0.2% | +0.5% | −12.8% | −3.4% | −4.9% | +12.1% | −1.9% | −7.0% | +7.8% | +1.6% | −7.0% |
| 2021 | +3.9% | +2.1% | −3.0% | +3.8% | −4.2% | +5.0% | −1.2% | +3.4% | −3.5% | +5.5% | −4.5% | +0.9% |
| 2020 | +1.3% | −6.5% | −16.8% | +17.3% | +10.8% | +4.7% | +5.0% | +5.6% | −1.8% | +2.4% | +15.1% | +10.9% |
| 2019 | — | — | — | — | — | — | — | — | — | — | +4.7% | +2.2% |
GSBAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 19.12%
- 3-year Sharpe ratio: 0.83 (vs 4.5% risk-free rate)
- Best month: +13.80% (Apr 2026)
- Worst month: −8.64% (Mar 2025)
GSBAX 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 |
GSBAX 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.