- ISIN
- US38142Y6418
- Issuer
- BlackRock
- Inception Date
- Apr 3, 2000
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GCTIX Performance Chart
Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) is up 10.0% since the beginning of the year. GCTIX is currently trading at $60 per share. Investors who bought $1,000 worth of GCTIX shares 5 years ago would now be looking at an investment worth $1,819.
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Returns By Period
Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) has returned 9.95% so far this year and 26.22% over the past 12 months. Over the last decade, GCTIX has posted an annualized return of 13.94%, slightly higher than the S&P 500 Index benchmark’s 13.66%.
Goldman Sachs U.S. Tax-Managed Equity Fund
- 1D
- -0.12%
- 1M
- 5.48%
- YTD
- 9.95%
- 6M
- 10.08%
- 1Y
- 26.22%
- 3Y*
- 21.74%
- 5Y*
- 12.71%
- 10Y*
- 13.94%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
GCTIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2001, GCTIX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jan 2001 with a return of +15.0%, while the worst month was Oct 2008 at -16.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GCTIX closed higher 52% of trading days. The best single day was Jan 3, 2001 with a return of +13.4%, while the worst single day was Mar 16, 2020 at -13.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.89% | -0.23% | -5.98% | 9.17% | 4.91% | 0.45% | 9.95% | ||||||
| 2025 | 3.18% | -2.49% | -6.58% | -0.83% | 6.71% | 4.66% | 1.66% | 2.67% | 3.55% | 2.15% | 0.55% | -0.19% | 15.35% |
| 2024 | 2.38% | 6.78% | 2.70% | -4.37% | 5.11% | 3.70% | 1.20% | 1.79% | 1.52% | -1.02% | 6.73% | -1.29% | 27.60% |
| 2023 | 6.56% | -1.87% | 1.81% | 0.39% | 0.96% | 7.09% | 2.87% | -1.97% | -4.80% | -1.91% | 8.27% | 5.08% | 23.80% |
| 2022 | -7.51% | -2.17% | 2.98% | -8.39% | -0.81% | -8.60% | 8.78% | -3.14% | -8.40% | 8.83% | 4.01% | -5.69% | -20.26% |
| 2021 | -0.46% | 3.09% | 3.38% | 6.17% | 1.08% | 2.70% | 1.99% | 3.10% | -5.01% | 7.09% | -1.00% | 4.34% | 29.22% |
Benchmark Metrics
Goldman Sachs U.S. Tax-Managed Equity Fund has an annualized alpha of 2.01%, beta of 1.02, and R2 of 0.96 versus S&P 500 Index. Calculated based on daily prices since January 03, 2001.
- This fund captured 109.53% of S&P 500 Index gains but only 99.51% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.01% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.02 and R2 of 0.96, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.01%
- Beta
- 1.02
- R²
- 0.96
- Upside Capture
- 109.53%
- Downside Capture
- 99.51%
Expense Ratio
GCTIX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GCTIX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs U.S. Tax-Managed Equity Fund (GCTIX) and compare them to S&P 500 Index.
| GCTIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.93 | -0.20 |
| Martin ratioReturn relative to average drawdown | 12.36 | 13.52 | -1.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Goldman Sachs U.S. Tax-Managed Equity Fund provided a 0.47% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.28 | $1.45 | $0.20 | $0.22 | $0.16 | $0.21 | $0.18 | $0.02 | $0.19 | $0.18 | $0.18 |
Dividend yield | 0.47% | 0.51% | 3.06% | 0.52% | 0.71% | 0.42% | 0.70% | 0.68% | 0.10% | 0.86% | 0.96% | 1.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs U.S. Tax-Managed Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $1.45 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs U.S. Tax-Managed Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs U.S. Tax-Managed Equity Fund was 56.62%, occurring on Mar 9, 2009. Recovery took 963 trading sessions.
The current Goldman Sachs U.S. Tax-Managed Equity Fund drawdown is 0.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.62%Mar 2009 | 1y 7mo | 3y 10mo | 5y 5moJul 2007 - Jan 2013 |
Dot-com crash2000–2002 | -38.76%Oct 2002 | 1y 8mo | 2y 1mo | 3y 9moJan 2001 - Nov 2004 |
COVID crash2020 | -35.54%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 |
Bear market2022 | -25.86%Oct 2022 | 9mo 18d | 1y 3mo | 2y 20dDec 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -22.56%Dec 2018 | 3mo 26d | 10mo 26d | 1y 2moAug 2018 - Nov 2019 |
Drawdown Indicators
| GCTIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.62% | -56.78% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -9.10% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -18.90% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -25.43% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -33.92% | -1.62% |
Current DrawdownCurrent decline from peak | -0.12% | -0.74% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -10.72% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.97% | +0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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