Goldman Sachs Emerging Markets Equity Fund
Goldman Sachs Trust · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Goldman Sachs Emerging Markets Equity Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q1
The Goldman Sachs Emerging Markets Equity Fund (the Fund) seeks long-term capital appreciation.
The fund invests at least 80% of assets in equities of emerging-market issuers selected through fundamental analysis emphasizing valuation, cash generation, and management quality, with integration of environmental, social and governance factors. The fund is non-diversified and may concentrate a larger percentage of assets in one or more issuers than diversified funds. Performance is measured against the MSCI Emerging Markets Index.
| Share class | Gross | Net |
|---|---|---|
| GEMIX | 1.12% | 1.03% |
| GEMSX | 1.62% | 1.53% |
| GEMAX | 1.48% | 1.33% |
| GEMCX | 2.23% | 2.08% |
| GIRMX | 1.23% | 1.08% |
| GEMUX | 1.11% | 1.02% |
| GAHPX | 1.11% | 1.02% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 43.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 100.05% |
| Cash & short-term | 0.44% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: PETROLEO BRASILEIRO SA, CHINA CONSTRUCTION BANK CORP, SHENZHEN INOVANCE TECHNOLOGY CO LTD, JIANGSU ZHONGTIAN TECHNOLOGY CO LTD, YUMC, BANCO BTG PACTUAL SA, SUNGROW POWER SUPPLY CO LTD, CATHAY FINANCIAL HOLDING COMPANY LTD
Largest exited: SCCO, Pop Mart International Group L, CTSH, Spring Airlines Co Ltd, LG CNS Co Ltd, Aldar Properties PJSC, Tencent Music Entertainment Gr, Beijing Roborock Technology Co
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +54.84% | +78.93% | +21.72% | 21.73% | -11.35% | |
| +54.03% | +76.21% | +18.69% | 21.72% | -11.45% | |
| +54.40% | +77.36% | +19.90% | 21.75% | -11.38% | |
| +53.21% | +73.36% | +15.43% | 21.72% | -11.56% | |
| +54.73% | +78.65% | +21.39% | 21.76% | -11.38% | |
| +54.82% | +78.97% | +21.76% | 21.71% | -11.38% | |
| +54.85% | +78.94% | +21.76% | 21.71% | -11.38% |
These classes hold the same portfolio, so the 6.33pp spread over 5 years is the cost difference between them — roughly 1.27pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 12.06% | $69.42 | $398.40M | 5.7M |
| — | SAMSUNG ELECTRONICS CO LTD | 7.34% | $150.59 | $242.40M | 1.6M |
| — | SK HYNIX INC | 4.96% | $891.77 | $163.78M | 183.7K |
| — | TENCENT HOLDINGS LTD | 3.84% | $60.73 | $126.82M | 2.1M |
| — | ALIBABA GROUP HOLDING LTD | 3.12% | $16.48 | $102.94M | 6.2M |
| — | DELTA ELECTRONICS INC | 2.61% | $70.13 | $86.32M | 1.2M |
| — | MEDIATEK INC | 1.89% | $83.48 | $62.36M | 747.0K |
| — | ICICI BANK LTD | 1.52% | $13.42 | $50.08M | 3.7M |
| — | KB FINANCIAL GROUP INC | 1.46% | $109.51 | $48.15M | 439.7K |
| — | ASE TECHNOLOGY HOLDING CO LTD | 1.36% | $15.67 | $45.05M | 2.9M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 40.14% of net assets, top 25 57.12%, across 127 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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