GSMMX Performance — Goldman Sachs Multi-Strategy Alternatives Fund, Institutional Shares
Data updated: 2026-09-22
GSMMX returned +6.79% year to date and +14.33% over one year to Jul 2026. Annualised returns are +6.96% over 3 years and +3.15% over 5 years. Against its Market Neutral category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $122, against $138 for the category, and to $114 over one year, against $113. Volatility over the past three years was 5.68% a year. In the 12 months to Jul 2026 the fund lost a net $2.4M, and assets reached $56.55M.
GSMMX Growth of $100
What $100 invested in Goldman Sachs Multi-Strategy Alternatives Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Market Neutral category average over the same months.
| Period | GSMMX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $114 | $113 |
| 3 years (Aug 2023 – Jul 2026) | $122 | $138 |
| 5 years (Aug 2021 – Jul 2026) | $117 | $142 |
| Since data start (Aug 2019 – Jul 2026) | $131 | $171 |
GSMMX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.79% |
| 1 year | +14.33% |
| 3 years (annualised) | +6.96% |
| 5 years (annualised) | +3.15% |
GSMMX Annual Returns
Calendar-year total returns of Goldman Sachs Multi-Strategy Alternatives Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +6.79% |
| 2025 | +15.42% |
| 2024 | −4.73% |
| 2023 | +2.72% |
| 2022 | −4.62% |
| 2021 | +6.20% |
| 2020 | +6.51% |
| 2019 (Aug–Dec) | +0.76% |
GSMMX 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 | +2.6% | +0.3% | −2.5% | +4.9% | +1.8% | −0.9% | +0.7% | — | — | — | — | — |
| 2025 | +0.7% | +1.2% | +3.5% | +1.1% | −0.2% | +0.6% | +0.6% | +1.9% | +2.9% | +1.2% | +0.4% | +0.4% |
| 2024 | −1.4% | −1.8% | −0.9% | −2.6% | −1.0% | −1.8% | +1.8% | +1.3% | +0.9% | +1.2% | +0.1% | −0.5% |
| 2023 | +0.4% | −0.3% | −0.5% | +0.8% | −1.1% | +0.4% | −1.1% | +0.2% | +0.2% | +0.1% | +3.0% | +0.7% |
| 2022 | −2.0% | −1.5% | +0.7% | −0.6% | −0.4% | −0.8% | −0.5% | +0.3% | −0.2% | +0.4% | −0.5% | +0.6% |
| 2021 | −1.5% | +1.2% | −0.3% | +2.5% | +0.9% | +0.8% | +1.0% | +1.8% | −2.2% | +2.5% | −1.2% | +0.8% |
| 2020 | +0.4% | +0.7% | −5.7% | +3.2% | +1.3% | +1.5% | +1.4% | +0.5% | −0.5% | −0.8% | +3.2% | +1.4% |
| 2019 | — | — | — | — | — | — | — | +0.6% | −0.8% | +0.1% | +0.7% | +0.2% |
GSMMX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.68%
- 3-year Sharpe ratio: 0.43 (vs 4.5% risk-free rate)
- Best month: +4.85% (Apr 2026)
- Worst month: −2.58% (Apr 2024)
GSMMX Fund Flows
Monthly money in and out of Goldman Sachs Multi-Strategy Alternatives Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.4M
- 12-month gross sales (incl. reinvestments): $6.2M
- Sales ÷ redemptions: 0.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $139K | $697K | −$558K |
| Jun 2026 | $64K | $636K | −$572K |
| May 2026 | $288K | $215K | $73K |
| Apr 2026 | $68K | $251K | −$183K |
| Mar 2026 | $90K | $707K | −$617K |
| Feb 2026 | $179K | $945K | −$766K |
| Jan 2026 | $181K | $475K | −$294K |
| Dec 2025 | $4.5M | $2.0M | $2.5M |
| Nov 2025 | $244K | $663K | −$419K |
| Oct 2025 | $232K | $732K | −$500K |
| Sep 2025 | $8K | $661K | −$653K |
| Aug 2025 | $147K | $580K | −$433K |
GSMMX Assets Under Management
Net assets of Goldman Sachs Multi-Strategy Alternatives Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $56.55M |
| 2026-04-30 | $56.75M |
| 2026-01-31 | $56.92M |
| 2025-10-31 | $57.61M |
| 2025-07-31 | $55.83M |
| 2025-04-30 | $57.23M |
| 2025-01-31 | $57.56M |
| 2024-10-31 | $64.70M |
| 2024-07-31 | $66.96M |
| 2024-04-30 | $82.76M |
| 2024-01-31 | $96.87M |
| 2023-10-31 | $100.74M |
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.