Goldman Sachs Emerging Markets Equity Fund Class A (GEMAX)

Fund Assets	3.30B
Expense Ratio	1.34%
Min. Investment	$1,000
Turnover	43.00%
Dividend (ttm)	0.12
Dividend Yield	0.34%
Dividend Growth	-35.78%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	36.03
YTD Return	25.05%
1-Year Return	27.99%
5-Year Return	28.47%
52-Week Low	26.79
52-Week High	38.22
Beta (5Y)	0.85
Holdings	123
Inception Date	Dec 15, 1997

About GEMAX

The Goldman Sachs Emerging Markets Equity Fund Class A is an open-end equity mutual fund managed by Goldman Sachs Asset Management. Its primary objective is to achieve long-term capital appreciation by investing at least 80% of its net assets in equities of issuers located in emerging market countries. The fund strategically maintains exposure to a minimum of six different emerging markets and invests across various sectors and company sizes, balancing both growth and value opportunities. Notable portfolio holdings often include major firms in technology, consumer, and financial sectors, such as Taiwan Semiconductor Manufacturing Co. and Tencent Holdings. The fund employs a fundamental analysis approach and benchmarks its performance against the MSCI Emerging Markets Index. It may allocate up to 20% of its assets to fixed income securities from emerging and developed markets, offering modest diversification beyond equities. With a robust portfolio of over 120 holdings and a turnover ratio near 36%, this fund plays a significant role in providing investors access to the growth potential of dynamic emerging economies within a globally diversified investment strategy.

• Fund Family: Goldman Sachs
• Category: Diversified Emerging Mkts
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: GEMAX
• Share Class: Class A
• Index: MSCI EM (Emerging Markets) NR USD

Performance

GEMAX had a total return of 27.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.95%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FGOMX	Fidelity	Strategic Advisers Fidelity Emerging Markets Fund	0.30%
FPADX	Fidelity	Fidelity Emerging Markets Index Fund	0.08%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
GEMUX	Class R6 Shares	1.03%
GAHPX	Class P Shares	1.03%
GEMIX	Institutional	1.04%
GIRMX	Investor Shares	1.09%

Top 10 Holdings

44.89% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	2330	12.05%
Samsung Electronics Co., Ltd.	005930	9.49%
SK hynix Inc.	000660	8.60%
Tencent Holdings Limited	0700	3.12%
MediaTek Inc.	2454	2.63%
Alibaba Group Holding Limited	9988	2.03%
Delta Electronics, Inc.	2308	1.97%
SK Square Co., Ltd.	402340	1.84%
ICICI Bank Limited	ICICIBANK	1.61%
ASE Technology Holding Co., Ltd.	3711	1.55%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 18, 2025	$0.1206	Dec 19, 2025
Dec 19, 2024	$0.1878	Dec 20, 2024
Dec 20, 2023	$0.211	Dec 21, 2023
Dec 20, 2021	$0.1819	Dec 21, 2021
Dec 18, 2020	$0.0184	Dec 21, 2020
Dec 20, 2019	$0.1874	Dec 23, 2019

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 8, 2026

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