GSORX Performance — Goldman Sachs Government Income Fund, Class R
Data updated: 2026-02-23
GSORX returned +6.25% over one year to Dec 2025. Annualised returns are +3.45% over 3 years and −1.31% over 5 years. The fund trailed its Intermediate Government Bond category average: $100 invested three years ago grew to $111, against $114 for the category, and to $106 over one year, against $107. Volatility over the past three years was 6.02% a year. In the 12 months to Dec 2025 the fund took in a net $12.9M, and assets reached $133.56M.
GSORX Growth of $100
What $100 invested in Goldman Sachs Government Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Government Bond category average over the same months.
| Period | GSORX | Category average |
|---|---|---|
| 1 year (Jan 2025 – Dec 2025) | $106 | $107 |
| 3 years (Jan 2023 – Dec 2025) | $111 | $114 |
| 5 years (Jan 2021 – Dec 2025) | $94 | $102 |
| Since data start (Jul 2019 – Dec 2025) | $101 | $113 |
GSORX Trailing Returns
Total returns to Dec 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.25% |
| 3 years (annualised) | +3.45% |
| 5 years (annualised) | −1.31% |
GSORX Annual Returns
Calendar-year total returns of Goldman Sachs Government Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 | +6.25% |
| 2024 | +0.26% |
| 2023 | +3.93% |
| 2022 | −13.03% |
| 2021 | −2.78% |
| 2020 | +6.06% |
| 2019 (Jul–Dec) | +1.32% |
GSORX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.5% | +2.2% | 0.0% | +0.4% | −1.1% | +1.4% | −0.4% | +1.3% | +0.9% | +0.6% | +0.5% | −0.3% |
| 2024 | −0.1% | −1.6% | +0.7% | −2.7% | +1.6% | +0.9% | +2.3% | +1.3% | +1.2% | −2.7% | +1.0% | −1.6% |
| 2023 | +3.0% | −2.5% | +2.3% | +0.5% | −1.0% | −0.5% | −0.2% | −0.8% | −2.7% | −1.8% | +4.2% | +3.7% |
| 2022 | −1.6% | −0.9% | −2.9% | −3.3% | +0.3% | −1.2% | +2.1% | −2.9% | −4.3% | −1.6% | +3.4% | −0.6% |
| 2021 | −0.5% | −1.6% | −1.1% | +0.6% | +0.1% | +0.3% | +1.0% | −0.2% | −0.9% | −0.4% | +0.3% | −0.5% |
| 2020 | +1.7% | +1.9% | +1.2% | +0.7% | 0.0% | +0.2% | +0.8% | −0.6% | +0.1% | −0.5% | +0.4% | −0.1% |
| 2019 | — | — | — | — | — | — | +0.1% | +2.3% | −0.6% | 0.0% | −0.2% | −0.3% |
GSORX Risk
Risk measures from monthly returns over Jan 2023 – Dec 2025.
- 3-year volatility (annualised): 6.02%
- 3-year Sharpe ratio: -0.17 (vs 4.5% risk-free rate)
- Best month: +4.24% (Nov 2023)
- Worst month: −2.72% (Sep 2023)
GSORX Fund Flows
Monthly money in and out of Goldman Sachs Government Income Fund, from SEC Form N-PORT.
- 12-month net flow: $12.9M
- 12-month gross sales (incl. reinvestments): $48.5M
- Sales ÷ redemptions: 1.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2025 | $5.2M | $1.9M | $3.3M |
| Nov 2025 | $3.2M | $2.5M | $710K |
| Oct 2025 | $3.2M | $2.8M | $393K |
| Sep 2025 | $3.1M | $4.9M | −$1.8M |
| Aug 2025 | $3.2M | $1.5M | $1.7M |
| Jul 2025 | $1.8M | $2.7M | −$942K |
| Jun 2025 | $1.9M | $1.5M | $463K |
| May 2025 | $2.7M | $5.5M | −$2.8M |
| Apr 2025 | $12.6M | $2.4M | $10.3M |
| Mar 2025 | $3.7M | $3.7M | $8K |
| Feb 2025 | $4.9M | $3.1M | $1.8M |
| Jan 2025 | $3.1M | $3.2M | −$85K |
GSORX Assets Under Management
Net assets of Goldman Sachs Government Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-12-31 | $133.56M |
| 2025-09-30 | $128.94M |
| 2025-06-30 | $128.89M |
| 2025-03-31 | $120.88M |
| 2024-12-31 | $116.69M |
| 2024-09-30 | $125.47M |
| 2024-06-30 | $121.88M |
| 2024-03-31 | $125.15M |
| 2023-12-31 | $131.77M |
| 2023-09-30 | $130.39M |
| 2023-06-30 | $162.11M |
| 2023-03-31 | $217.49M |
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.