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
US38141W5702
38141W570
Jul 7, 1994
$1,000
Large-Cap
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 12.17% year-to-date (YTD) and 13.96% in the last 12 months. Over the past 10 years, Goldman Sachs China Equity Fund had an annualized return of 0.26%, while the S&P 500 had an annualized return of 11.01%, indicating that Goldman Sachs China Equity Fund did not perform as well as the benchmark.
GSAGX
12.17%
-1.10%
8.05%
13.96%
-6.19%
0.26%
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of GSAGX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -9.50% | 7.79% | 0.76% | 4.51% | 1.16% | -2.74% | -1.80% | 1.78% | 18.98% | -3.88% | -3.15% | 12.17% | |
| 2023 | 11.45% | -10.60% | 0.74% | -5.16% | -9.04% | 3.23% | 8.81% | -7.77% | -3.83% | -3.98% | 0.50% | -2.43% | -18.78% |
| 2022 | -3.43% | -4.73% | -11.52% | -7.83% | 2.49% | 9.69% | -10.19% | -3.18% | -14.45% | -16.03% | 27.03% | 3.51% | -30.71% |
| 2021 | 6.86% | -2.41% | -6.87% | 2.97% | 2.12% | 3.02% | -11.45% | -1.53% | -3.62% | 3.29% | -4.05% | -8.24% | -19.59% |
| 2020 | -4.67% | 3.31% | -11.70% | 9.49% | 2.56% | 11.03% | 12.58% | 4.88% | -0.50% | 4.23% | 4.27% | 1.63% | 40.70% |
| 2019 | 7.21% | 3.57% | 2.03% | 1.91% | -7.92% | 6.95% | -1.82% | -2.26% | 2.19% | 4.53% | -0.31% | 8.65% | 26.22% |
| 2018 | 5.43% | -5.12% | -0.27% | -2.45% | 0.95% | -4.62% | -0.22% | -2.39% | -2.56% | -10.63% | 6.27% | -9.51% | -23.57% |
| 2017 | 6.42% | 2.61% | 5.13% | 2.15% | 3.24% | 1.87% | 5.54% | 2.65% | 1.81% | 4.61% | 3.39% | 1.64% | 49.54% |
| 2016 | -7.40% | -2.74% | 9.05% | -1.72% | -0.36% | 2.07% | 4.35% | 3.25% | 2.25% | -3.17% | -3.94% | -3.90% | -3.33% |
| 2015 | 3.91% | 2.20% | 0.96% | 6.53% | -0.71% | -2.06% | -4.39% | -8.41% | -0.68% | 6.51% | 0.15% | -0.89% | 2.13% |
| 2014 | -2.82% | 4.43% | -0.66% | -2.39% | 4.68% | 2.78% | 0.05% | 0.34% | -4.10% | 0.70% | 0.70% | -2.33% | 0.97% |
| 2013 | -0.32% | -0.27% | -1.98% | 3.16% | -1.11% | -6.25% | 1.31% | -3.26% | 6.68% | 4.63% | 0.68% | 1.35% | 4.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GSAGX is 27, 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 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 provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 |
Dividend yield | 0.00% | 0.89% | 0.00% | 0.00% | 0.00% | 0.57% | 0.18% | 0.00% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $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 | $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 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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 | $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 | $0.04 | $0.04 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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 | $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 | $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 | $0.00 |
| 2013 | $0.08 | $0.08 |
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 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 71.80%, occurring on Nov 20, 2008. Recovery took 2209 trading sessions.
The current Goldman Sachs China Equity Fund drawdown is 57.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -71.8% | Nov 1, 2007 | 266 | Nov 20, 2008 | 2209 | Sep 1, 2017 | 2475 |
| -66.22% | Feb 18, 2021 | 745 | Feb 2, 2024 | — | — | — |
| -65.49% | May 30, 1996 | 589 | Sep 1, 1998 | 1926 | Apr 19, 2006 | 2515 |
| -30.9% | Jan 29, 2018 | 235 | Jan 3, 2019 | 377 | Jul 2, 2020 | 612 |
| -21.14% | May 9, 2006 | 25 | Jun 13, 2006 | 121 | Dec 5, 2006 | 146 |
Volatility
Volatility Chart
The current Goldman Sachs China Equity Fund volatility is 7.82%, 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.