Goldman Sachs U.S. Tax-Managed Equity Fund
Goldman Sachs Trust · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Goldman Sachs U.S. Tax-Managed Equity Fund is an actively managed U.S. equity fund. 20% of GCTIX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The Goldman Sachs U.S. Tax-Managed Equity Fund (the Fund) seeks to provide long-term after-tax growth of capital through tax-sensitive participation in a broadly diversified portfolio of U.S. equity securities.
The fund invests in a diversified U.S. equity portfolio across large-cap, mid-cap, and small-cap stocks, selected through quantitative models that screen for fundamental mispricings, high-quality business models, positive sentiment shifts, and favorable market themes. The strategy prioritizes after-tax returns by harvesting capital losses to offset gains, managing turnover, and directing returns toward price appreciation rather than distributions. Because investment decisions may deviate from the models' output at the adviser's discretion, fund performance may diverge from its Russell 3000 benchmark.
| Share class | Gross | Net |
|---|---|---|
| GCTIX | 0.69% | 0.69% |
| GCTSX | 1.19% | 1.19% |
| GCTAX | 1.05% | 1.01% |
| GCTCX | 1.80% | 1.76% |
| GQIRX | 0.80% | 0.76% |
| GCTRX | 0.68% | 0.68% |
| GSDPX | 0.68% | — |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 188.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.37% |
| Cash & short-term | 0.11% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 32.2% |
| Financials | 11.6% |
| Health Care | 11.4% |
| Consumer Discretionary | 11.2% |
| 10 smaller | 33.6% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
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 |
|---|---|---|---|---|---|
| +29.11% | +75.64% | +71.72% | 13.16% | -9.66% | |
| +28.49% | +73.03% | +67.51% | 13.15% | -9.78% | |
| +28.73% | +73.97% | +68.99% | 13.16% | -9.75% | |
| +27.75% | +70.11% | +62.76% | 13.14% | -9.89% | |
| +29.03% | +75.26% | +71.14% | 13.15% | -9.67% | |
| +29.14% | +75.67% | +71.86% | 13.17% | -9.67% | |
| +29.16% | +75.67% | +71.86% | 13.15% | -9.67% |
These classes hold the same portfolio, so the 9.10pp spread over 5 years is the cost difference between them — roughly 1.82pp a year — not a difference in what they own.
May 2026 and Jun 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.
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 |
|---|---|---|---|---|---|
| AAPL | APPLE INCAAPL | 6.82% | $289.36 | $326.10M | 1.1M |
| NVDA | NVIDIA CORPNVDA | 6.00% | $200.09 | $286.93M | 1.4M |
| GOOGL | ALPHABET INCGOOGL | 4.84% | $357.37 | $231.23M | 647.0K |
| AVGO | BROADCOM INCAVGO | 3.14% | $377.75 | $150.10M | 397.4K |
| MSFT | MICROSOFT CORPMSFT | 2.84% | $373.02 | $135.78M | 364.0K |
| AMZN | AMAZON.COM INCAMZN | 2.42% | $238.34 | $115.50M | 484.6K |
| TSLA | TESLA INCTSLA | 2.25% | $420.60 | $107.60M | 255.8K |
| JNJ | JOHNSON & JOHNSONJNJ | 2.07% | $253.97 | $98.97M | 389.7K |
| MU | MICRON TECHNOLOGY INCMU | 1.77% | $1,154.29 | $84.66M | 73.3K |
| DELL | DELL TECHNOLOGIES INCDELL | 1.73% | $431.46 | $82.68M | 191.6K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 33.87% of net assets, top 25 51.63%, across 242 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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