Goldman Sachs China Equity Fund (GSAGX)
The investment seeks long-term capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes ("Net Assets") in a diversified portfolio of equity investments in issuers economically tied to China. The manager expects to invest primarily in common stocks, but may also invest in depositary receipts. This may include securities that trade in local Chinese, Hong Kong, or other foreign exchanges and securities that trade in Renminbi (“RMB”), the official currency of China.
Fund Info
| ISIN | US38141W5702 |
|---|---|
| CUSIP | 38141W570 |
| Issuer | Goldman Sachs |
| Inception Date | Jul 7, 1994 |
| Category | China Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
GSAGX has a high expense ratio of 1.47%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs China Equity 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 China Equity Fund had a return of 7.51% year-to-date (YTD) and -7.30% in the last 12 months. Over the past 10 years, Goldman Sachs China Equity Fund had an annualized return of 1.86%, while the S&P 500 had an annualized return of 10.41%, indicating that Goldman Sachs China Equity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.51% | 6.17% |
| 1 month | 6.59% | -2.72% |
| 6 months | 4.06% | 17.29% |
| 1 year | -7.30% | 23.80% |
| 5 years (annualized) | -3.79% | 11.47% |
| 10 years (annualized) | 1.86% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -8.83% | 7.79% | 0.29% | 5.00% | ||||||||
| 2023 | -3.98% | 0.50% | -3.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GSAGX is 2, indicating that it is in the bottom 2% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Goldman Sachs China Equity Fund(GSAGX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs China Equity Fund (GSAGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs China Equity Fund granted a 0.83% dividend yield in the last twelve months. The annual payout for that period amounted to $0.16 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.16 | $0.00 | $2.14 | $1.97 | $0.16 | $1.54 | $0.39 | $0.00 | $0.00 | $0.00 | $0.08 |
Dividend yield | 0.83% | 0.90% | 0.00% | 6.78% | 5.02% | 0.57% | 6.92% | 1.35% | 0.00% | 0.00% | 0.00% | 0.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs China 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.14 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.97 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.54 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs China 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 China Equity Fund was 70.74%, occurring on Nov 20, 2008. Recovery took 2176 trading sessions.
The current Goldman Sachs China Equity Fund drawdown is 57.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.74% | Nov 1, 2007 | 266 | Nov 20, 2008 | 2176 | Jul 18, 2017 | 2442 |
| -65.52% | May 30, 1996 | 589 | Sep 1, 1998 | 1926 | Apr 19, 2006 | 2515 |
| -63.66% | Feb 18, 2021 | 743 | Jan 31, 2024 | — | — | — |
| -28.23% | Jan 29, 2018 | 191 | Oct 29, 2018 | 302 | Jan 13, 2020 | 493 |
| -22.27% | Jan 14, 2020 | 48 | Mar 23, 2020 | 62 | Jun 19, 2020 | 110 |
Volatility
Volatility Chart
The current Goldman Sachs China Equity Fund volatility is 4.80%, 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.