GSMQX Performance — Goldman Sachs Small/Mid Cap Growth Fund, Service Class
Data updated: 2026-07-24
GSMQX returned +16.31% year to date and +28.99% over one year to May 2026. Annualised returns are +13.47% over 3 years and +2.25% over 5 years. Against its US Mid-Cap Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $146, against $157 for the category, and to $129 over one year, against $119. Volatility over the past three years was 19.78% a year. In the 12 months to May 2026 the fund lost a net $351.4M, and assets reached $1.25B.
GSMQX Growth of $100
What $100 invested in Goldman Sachs Small/Mid Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | GSMQX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $129 | $119 |
| 3 years (Jun 2023 – May 2026) | $146 | $157 |
| 5 years (Jun 2021 – May 2026) | $112 | $129 |
| Since data start (Sep 2019 – May 2026) | $190 | $197 |
GSMQX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.31% |
| 1 year | +28.99% |
| 3 years (annualised) | +13.47% |
| 5 years (annualised) | +2.25% |
GSMQX Annual Returns
Calendar-year total returns of Goldman Sachs Small/Mid Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +16.31% |
| 2025 | +1.45% |
| 2024 | +11.97% |
| 2023 | +13.69% |
| 2022 | −28.79% |
| 2021 | +7.54% |
| 2020 | +52.22% |
| 2019 (Sep–Dec) | +8.26% |
GSMQX 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 | +3.0% | +3.8% | −7.1% | +11.7% | +4.9% | — | — | — | — | — | — | — |
| 2025 | +4.8% | −8.5% | −10.4% | +1.6% | +4.7% | +4.4% | +0.8% | +2.3% | −0.4% | +2.0% | +2.6% | −1.1% |
| 2024 | −0.2% | +10.7% | +2.9% | −6.3% | +2.4% | −1.4% | +2.4% | +1.1% | +2.5% | −2.3% | +9.3% | −8.1% |
| 2023 | +7.2% | −1.2% | +0.8% | −2.2% | −1.5% | +8.0% | +1.8% | −4.1% | −5.9% | −7.2% | +9.7% | +9.6% |
| 2022 | −16.4% | −0.8% | +1.0% | −10.9% | −4.6% | −6.7% | +12.6% | −2.3% | −7.5% | +7.9% | +3.4% | −5.6% |
| 2021 | +0.9% | +3.5% | −3.1% | +5.5% | −3.5% | +5.0% | 0.0% | +3.6% | −3.5% | +5.8% | −5.8% | −0.2% |
| 2020 | +1.6% | −4.4% | −15.3% | +16.2% | +12.4% | +3.9% | +5.7% | +4.1% | −0.1% | +1.9% | +13.4% | +7.4% |
| 2019 | — | — | — | — | — | — | — | — | −2.5% | +2.4% | +6.4% | +1.8% |
GSMQX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 19.78%
- 3-year Sharpe ratio: 0.45 (vs 4.5% risk-free rate)
- Best month: +11.69% (Apr 2026)
- Worst month: −10.37% (Mar 2025)
GSMQX Fund Flows
Monthly money in and out of Goldman Sachs Small/Mid Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$351.4M
- 12-month gross sales (incl. reinvestments): $293.9M
- Sales ÷ redemptions: 0.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $7.1M | $46.3M | −$39.3M |
| Apr 2026 | $6.1M | $23.8M | −$17.7M |
| Mar 2026 | $8.1M | $28.1M | −$20.1M |
| Feb 2026 | $8.5M | $31.9M | −$23.4M |
| Jan 2026 | $27.1M | $51.1M | −$24.0M |
| Dec 2025 | $181.8M | $157.7M | $24.0M |
| Nov 2025 | $6.2M | $48.9M | −$42.7M |
| Oct 2025 | $9.1M | $85.3M | −$76.2M |
| Sep 2025 | $8.4M | $41.1M | −$32.7M |
| Aug 2025 | $11.8M | $48.0M | −$36.2M |
| Jul 2025 | $9.9M | $46.6M | −$36.7M |
| Jun 2025 | $9.9M | $36.5M | −$26.6M |
GSMQX Assets Under Management
Net assets of Goldman Sachs Small/Mid Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.25B |
| 2026-02-28 | $1.23B |
| 2025-11-30 | $1.36B |
| 2025-08-31 | $1.45B |
| 2025-05-31 | $1.44B |
| 2025-02-28 | $1.64B |
| 2024-11-30 | $1.91B |
| 2024-08-31 | $1.80B |
| 2024-05-31 | $1.82B |
| 2024-02-29 | $1.96B |
| 2023-11-30 | $1.73B |
| 2023-08-31 | $1.90B |
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.