GSCZX Performance — Small Cap Equity Fund, Investor Class
Data updated: 2026-09-18
GSCZX returned +19.46% year to date and +30.48% over one year to Jun 2026. Annualised returns are +14.41% over 3 years and +6.10% over 5 years. The fund trailed its US Small Blend category average: $100 invested three years ago grew to $150, against $156 for the category, and to $130 over one year, against $133. Volatility over the past three years was 18.57% a year. In the 12 months to Jun 2026 the fund took in a net $43.6M, and assets reached $1.05B.
GSCZX Growth of $100
What $100 invested in Small Cap Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | GSCZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $130 | $133 |
| 3 years (Jul 2023 – Jun 2026) | $150 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $134 | $141 |
| Since data start (Jul 2019 – Jun 2026) | $199 | $209 |
GSCZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.46% |
| 1 year | +30.48% |
| 3 years (annualised) | +14.41% |
| 5 years (annualised) | +6.10% |
GSCZX Annual Returns
Calendar-year total returns of Small Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +19.46% |
| 2025 | +5.76% |
| 2024 | +10.32% |
| 2023 | +14.55% |
| 2022 | −18.05% |
| 2021 | +21.76% |
| 2020 | +19.75% |
| 2019 (Jul–Dec) | +4.29% |
GSCZX 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 | +4.8% | +1.1% | −6.1% | +11.3% | +2.9% | +4.9% | — | — | — | — | — | — |
| 2025 | +3.9% | −5.9% | −6.8% | −2.7% | +4.6% | +4.5% | +0.7% | +5.8% | 0.0% | +0.2% | +2.4% | 0.0% |
| 2024 | −3.4% | +4.2% | +3.6% | −6.1% | +4.2% | −0.6% | +7.8% | −0.5% | +0.2% | −1.5% | +10.7% | −7.1% |
| 2023 | +9.4% | −0.9% | −5.0% | −1.7% | −3.1% | +8.7% | +5.7% | −4.7% | −5.4% | −6.8% | +8.9% | +11.1% |
| 2022 | −8.5% | +1.0% | +0.3% | −7.9% | −0.5% | −7.6% | +9.2% | −2.2% | −9.1% | +9.8% | +4.0% | −5.9% |
| 2021 | +2.5% | +8.6% | +1.3% | +3.9% | +0.1% | +1.1% | −2.0% | +2.8% | −2.7% | +4.5% | −3.4% | +3.8% |
| 2020 | −2.8% | −8.9% | −20.0% | +14.3% | +7.0% | +3.2% | +3.4% | +4.3% | −4.8% | +2.5% | +17.4% | +8.4% |
| 2019 | — | — | — | — | — | — | +0.4% | −5.4% | +1.4% | +1.6% | +4.6% | +1.9% |
GSCZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.57%
- 3-year Sharpe ratio: 0.53 (vs 4.5% risk-free rate)
- Best month: +11.31% (Apr 2026)
- Worst month: −7.15% (Dec 2024)
GSCZX Fund Flows
Monthly money in and out of Small Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $43.6M
- 12-month gross sales (incl. reinvestments): $313.1M
- Sales ÷ redemptions: 1.16×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.8M | $7.0M | −$2.2M |
| May 2026 | $74.4M | $10.1M | $64.3M |
| Apr 2026 | $7.6M | $15.3M | −$7.7M |
| Mar 2026 | $32.6M | $48.5M | −$15.9M |
| Feb 2026 | $19.4M | $18.0M | $1.4M |
| Jan 2026 | $10.6M | $14.2M | −$3.6M |
| Dec 2025 | $93.6M | $17.0M | $76.6M |
| Nov 2025 | $12.5M | $10.6M | $1.9M |
| Oct 2025 | $12.0M | $88.9M | −$76.8M |
| Sep 2025 | $8.2M | $11.4M | −$3.1M |
| Aug 2025 | $12.0M | $19.5M | −$7.5M |
| Jul 2025 | $25.3M | $9.1M | $16.3M |
GSCZX Assets Under Management
Net assets of Small Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.05B |
| 2026-03-31 | $823.49M |
| 2025-12-31 | $843.26M |
| 2025-09-30 | $905.91M |
| 2025-06-30 | $843.76M |
| 2025-03-31 | $794.92M |
| 2024-12-31 | $854.99M |
| 2024-09-30 | $864.08M |
| 2024-06-28 | $747.02M |
| 2024-03-28 | $758.73M |
| 2023-12-29 | $741.17M |
| 2023-09-29 | $701.25M |
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.