Registry rank 1216 · Portfolio as of 2026-03-31

Goldman Sachs U.S. Tax-Managed Equity Fund

GCTAX · GCTCX · GCTIX · GCTRX · GCTSX · GQIRX · GSDPX

Best-fit active share50.4%vs IVV · fund as of 2026-03-31 · proxy as of 2026-03-31
Declared-benchmark active share51.9%Russell 3000® Index · benchmark mismatch · fund as of 2026-03-31 · proxy as of 2026-03-31 · declared source as of 2025-12-31
GCTAX expense ratio1.01%SEC expense filing · as of 2025-12-31
GCTAX fee per active unit2.00%expense as of 2025-12-31; fund as of 2026-03-31; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing10 years20 years30 years
GCTAX1.01% · SEC expense filing · as of 2025-12-31$14,852$46,134$107,556
GCTCX1.76% · SEC expense filing · as of 2025-12-31$25,178$75,608$170,682
GCTIX0.69% · SEC expense filing · as of 2025-12-31$10,238$32,273$76,329
GCTRX0.68% · SEC expense filing · as of 2025-12-31$10,092$31,827$75,307
GCTSX1.19% · SEC expense filing · as of 2025-12-31$17,392$53,581$123,935
GQIRX0.76% · SEC expense filing · as of 2025-12-31$11,258$35,375$83,399
GSDPX0.68% · SEC expense filing · as of 2025-12-31$10,092$31,827$75,307

Real trailing windows

Computed on licensed market-return history

Trailing windows use IVV adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing10 years20 years30 years
GCTAXFiled fee as of 2025-12-31$33,474Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$137,628Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
GCTCXFiled fee as of 2025-12-31$56,900Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$226,360Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
GCTIXFiled fee as of 2025-12-31$23,047Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$96,131Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
GCTRXFiled fee as of 2025-12-31$22,717Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$94,797Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
GCTSXFiled fee as of 2025-12-31$39,224Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$159,985Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
GQIRXFiled fee as of 2025-12-31$25,351Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$105,404Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
GSDPXFiled fee as of 2025-12-31$22,717Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$94,797Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. GCTAX SEC expense filing, as of 2025-12-31. Methodology.

SEC-convention illustration for GCTAX; expense ratio filed as of 2025-12-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$218,691
Difference attributed to fee drag$46,134

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IVV

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

HoldingFundIVVDifference
NVIDIA Corp.6.09%7.58%-1.49%
Southern Copper Corporation1.30%0.00%+1.30%
Johnson & Johnson2.34%1.05%+1.29%
Exxon Mobil Corp.0.08%1.27%-1.19%
Amazon.com, Inc.2.48%3.64%-1.16%
CME Group, Inc.1.30%0.19%+1.11%
JPMorgan Chase & Co.0.33%1.42%-1.09%
Mettler-Toledo International, Inc.1.13%0.05%+1.08%
Microsoft Corp.3.86%4.92%-1.05%
Kirby Corp1.05%0.00%+1.05%

Source and verification

SEC N-PORT filing · filed 2026-05-29 · period 2026-03-31

SEC expense filing · period 2025-12-31

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Goldman Sachs U.S. Tax-Managed Equity Fund — best-fit active share,” 50.4% versus IVV, fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/gctax/as-of/363649da-fcfb-4007-87ef-de06de7710ca

GCTAX filed expense ratio

Sensible Investor, “Goldman Sachs U.S. Tax-Managed Equity Fund — filed expense ratio,” 1.01% for GCTAX, as of 2025-12-31. https://sensible-investor.com/registry/gctax/as-of/363649da-fcfb-4007-87ef-de06de7710ca

GCTAX fee per active unit

Sensible Investor, “Goldman Sachs U.S. Tax-Managed Equity Fund — fee per unit of active management,” 2.00% using the GCTAX expense ratio as of 2025-12-31 and fund portfolio as of 2026-03-31. https://sensible-investor.com/registry/gctax/as-of/363649da-fcfb-4007-87ef-de06de7710ca