Fund Evaluator:

Goldman Sachs Tax-Advntgd Gbl Eq P Overview

Goldman Sachs Tax-Advntgd Gbl Eq P (GSKPX) is an actively managed International Equity Global Large-Stock Blend fund. Goldman Sachs launched the fund in 2018.

The investment seeks long-term growth of capital. The fund seeks to achieve its investment objective by investing in securities or instruments and a combination of underlying funds that currently exist or that may become available for investment in the future. The advisor intends to invest at least 80% of its net assets plus any borrowings for investment purposes in underlying equity funds and equity securities with a blend of domestic large cap, small cap and international exposure to seek capital appreciation.

About Goldman Sachs Tax-Advntgd Gbl Eq P (GSKPX)

There are 4 members of the management team with an average tenure of 5.63 years: Sergey Kraytman (2022), Aron Kershner (2014), Siwen Wu (2026), John Sienkiewicz (2019). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: MSCI ACWI IMI NR USD index with a weighting of 100%, MSCI ACWI IMI Dev Mar FX 50% Hgd TR USD index with a weighting of 90% and Bloomberg Interm US Treasury TR USD index with a weighting of 10%. Goldman Sachs Tax-Advntgd Gbl Eq P has 42 securities in its portfolio. The top 10 holdings constitute 100.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Goldman Sachs Tax-Advntgd Gbl Eq P is part of the Equity global asset class and is within the International Equity fund group. Goldman Sachs Tax-Advntgd Gbl Eq P has 29.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 60.4%. There is 29.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.5% (0.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Goldman Sachs Tax-Advntgd Gbl Eq P has 8.3% of the portfolio in cash.

Assets Under Management

The fund has $5 billion in total assets, which is above the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GSKPX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Tax-Advntgd Gbl Eq P expense ratio is high compared to funds in the Global Large-Stock Blend category. Goldman Sachs Tax-Advntgd Gbl Eq P has an expense ratio of 0.85%, which is 19% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Tax-Advntgd Gbl Eq P has a portfolio turnover rate of 28%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.

Recently, in the month of June 2026, Goldman Sachs Tax-Advntgd Gbl Eq P returned -0.3%, which earned it a grade of C, as the Global Large-Stock Blend category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Goldman Sachs Tax-Advntgd Gbl Eq P has a trailing yield of 0.83%, which is below the 0.96% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Goldman Sachs Tax-Advntgd Gbl Eq P Grades

Year to date, the fund has returned 9.9%, 0.9 percentage points better than the category, which translates into a grade of C. The fund has returned 21.5% over the past year (grade of C), 18.4% over the past three years (grade of B) and 11.0% per year over the past five years (grade of B) and 11.9% per year over the past 10 years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Goldman Sachs Tax-Advntgd Gbl Eq P, including its riskiness, submit your email to unlock the rest of the article.