Goldman Sachs Emerging Markets Equity Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, Goldman Sachs Emerging Markets Equity Fund held 128 positions with $3.30B in net assets. Its ten largest holdings made up 40.1% of the fund. The GEMIX share class costs 1.03% a year. Over the 12 months to May 2026, GEMIX returned 59.5%, with dividends reinvested. In 2026 Q3 it added 16 new positions and exited 17.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 12.06% | $398.40M | 5.7M | $69.42 |
SAMSUNG ELECTRONICS CO LTD | 7.34% | $242.40M | 1.6M | $150.59 |
SK HYNIX INC | 4.96% | $163.78M | 183.7K | $891.77 |
TENCENT HOLDINGS LTD | 3.84% | $126.82M | 2.1M | $60.73 |
ALIBABA GROUP HOLDING LTD | 3.12% | $102.94M | 6.2M | $16.48 |
DELTA ELECTRONICS INC | 2.61% | $86.32M | 1.2M | $70.13 |
MEDIATEK INC | 1.89% | $62.36M | 747.0K | $83.48 |
ICICI BANK LTD | 1.52% | $50.08M | 3.7M | $13.42 |
KB FINANCIAL GROUP INC | 1.46% | $48.15M | 439.7K | $109.51 |
ASE TECHNOLOGY HOLDING CO LTD | 1.36% | $45.05M | 2.9M | $15.67 |
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.
All 128 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 100.05% |
| Cash & short-term | 0.44% |
Derivatives are shown at market value, not notional exposure.
How it has done
GEMIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 22.07%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.03% | +59.53% | +97.18% | +28.21% | -11.35% | |
| 1.53% | +58.77% | +94.24% | +25.04% | -11.45% | |
| 1.33% | +59.11% | +95.39% | +26.29% | -11.38% | |
| 2.08% | +57.93% | +91.12% | +21.65% | -11.56% | |
| 1.08% | +59.50% | +96.79% | +27.88% | -11.38% | |
| 1.02% | +59.57% | +97.24% | +28.29% | -11.38% | |
| 1.02% | +59.60% | +97.19% | +28.28% | -11.38% |
These classes hold the same portfolio, so the 6.65pp spread over 5 years is the cost difference between them — roughly 1.33pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 1.02% – 2.08%· GEMIX 1.03%
- Portfolio turnover
- 43.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
16 new· the largest 8
17 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — GEMIX, QQQ and the fund in my 401(k)?”
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