Goldman Sachs Technology Opportunities Fund (GITIX)
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in equity investments in technology companies. It seeks to achieve its investment objective by investing, under normal circumstances, in companies that are considered by the Investment Adviser to benefit from the proliferation of technology. The fund may invest up to 25% of its total assets measured at the time of purchase ("Total Assets") in foreign securities.
Fund Info
US38142Y8562
Sep 30, 1999
$1,000,000
Large-Cap
Growth
Expense Ratio
GITIX has a high expense ratio of 0.97%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs Technology Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Goldman Sachs Technology Opportunities Fund had a return of 7.40% year-to-date (YTD) and 28.80% in the last 12 months. Over the past 10 years, Goldman Sachs Technology Opportunities Fund had an annualized return of 6.88%, while the S&P 500 had an annualized return of 11.26%, indicating that Goldman Sachs Technology Opportunities Fund did not perform as well as the benchmark.
GITIX
7.40%
3.32%
17.52%
28.80%
7.46%
6.88%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of GITIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.72% | 7.40% | |||||||||||
| 2024 | 4.37% | 5.72% | 1.04% | -4.82% | 4.84% | 6.97% | -2.94% | 1.39% | 1.94% | 0.94% | 7.51% | -2.32% | 26.55% |
| 2023 | 12.55% | -1.77% | 8.55% | -1.34% | 11.06% | 5.38% | 4.39% | -1.34% | -6.58% | -1.82% | 14.99% | 5.14% | 58.26% |
| 2022 | -10.04% | -5.13% | 1.57% | -14.16% | -3.31% | -8.71% | 12.64% | -4.08% | -11.94% | 1.92% | 5.05% | -24.40% | -49.41% |
| 2021 | -1.30% | 3.53% | -0.06% | 5.99% | -0.98% | 6.48% | 2.33% | 4.73% | -5.22% | 6.01% | -2.55% | -11.79% | 5.64% |
| 2020 | 3.47% | -5.20% | -7.44% | 15.24% | 8.00% | 5.05% | 5.88% | 9.68% | -5.47% | -2.17% | 10.89% | -4.51% | 34.97% |
| 2019 | 9.81% | 4.36% | 3.55% | 6.69% | -6.35% | 6.09% | 2.66% | -2.63% | 0.38% | 2.12% | 3.79% | -10.30% | 20.00% |
| 2018 | 9.13% | 0.47% | -2.51% | 0.63% | 5.63% | -0.18% | 1.83% | 6.25% | -0.32% | -9.84% | 0.65% | -24.93% | -16.67% |
| 2017 | 5.78% | 4.15% | 3.00% | 3.46% | 5.45% | -2.46% | 4.36% | 3.03% | 0.08% | 6.36% | 0.90% | -7.15% | 29.48% |
| 2016 | -8.89% | -2.83% | 8.32% | -0.22% | 5.77% | -1.92% | 6.57% | 0.90% | 2.12% | 0.58% | -2.06% | -5.10% | 1.89% |
| 2015 | -3.05% | 9.38% | -2.38% | 0.96% | 0.90% | -1.69% | 4.31% | -6.61% | -1.72% | 10.27% | 1.20% | -9.82% | -0.11% |
| 2014 | 0.32% | 4.89% | -3.99% | -5.39% | 4.45% | 4.32% | -0.31% | 4.62% | -2.28% | 3.05% | 2.51% | -8.55% | 2.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GITIX is 62, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs Technology Opportunities Fund (GITIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs Technology Opportunities 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 Technology Opportunities Fund was 83.29%, occurring on Oct 9, 2002. Recovery took 3654 trading sessions.
The current Goldman Sachs Technology Opportunities Fund drawdown is 8.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.29% | Mar 13, 2000 | 644 | Oct 9, 2002 | 3654 | Apr 24, 2017 | 4298 |
| -58.67% | Nov 10, 2021 | 290 | Jan 5, 2023 | — | — | — |
| -37.22% | Aug 30, 2018 | 80 | Dec 24, 2018 | 386 | Jul 8, 2020 | 466 |
| -12.19% | Sep 3, 2020 | 14 | Sep 23, 2020 | 48 | Dec 1, 2020 | 62 |
| -11.08% | Feb 16, 2021 | 15 | Mar 8, 2021 | 25 | Apr 13, 2021 | 40 |
Volatility
Volatility Chart
The current Goldman Sachs Technology Opportunities Fund volatility is 6.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.