Goldman Sachs Commodity Strategy Fund Class A (GSCAX)

Fund Assets	404.84M
Expense Ratio	0.95%
Min. Investment	$1,000
Turnover	83.00%
Dividend (ttm)	1.32
Dividend Yield	12.87%
Dividend Growth	428.77%
Payout Frequency	Semi-Annual
Ex-Dividend Date	Jun 29, 2026

Previous Close	10.25
YTD Return	27.78%
1-Year Return	33.55%
5-Year Return	48.46%
52-Week Low	8.11
52-Week High	10.43
Beta (5Y)	0.19
Holdings	104
Inception Date	Mar 30, 2007

About GSCAX

Goldman Sachs Commodity Strategy Fund Class A is a mutual fund designed to offer investors substantial economic exposure to a broad range of commodities markets. Its primary objective is long-term total return, achieved by investing primarily in commodity-related derivative instruments, such as commodity futures and swaps, rather than holding physical commodities. The fund serves as a diversifier within traditional portfolios by providing access to the commodities asset class, which can help hedge against inflation and balance equity and bond risk. The portfolio is structured to maintain a high notional allocation to commodities, often using U.S. Treasury bills and cash equivalents as collateral while using derivatives to achieve exposure to sectors like energy, metals, agriculture, and livestock. This approach gives investors indirect participation in global commodity price movements without direct commodity ownership. Managed by Goldman Sachs Asset Management, the fund is notable for its alternative investment strategy and its role in providing diversified, commodities-based exposure to institutional and retail investors seeking to broaden their portfolio allocations beyond equities and fixed income.

• Fund Family: Goldman Sachs
• Category: Commodities Broad Basket
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: GSCAX
• Share Class: Class A Shares
• Index: Bloomberg Commodity TR

Performance

GSCAX had a total return of 33.55% in the past year, including dividends. Since the fund's inception, the average annual return has been -4.67%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FCSSX	Fidelity	Fidelity Series Commodity Strategy Fund	n/a
FIFGX	Fidelity	Fidelity SAI Inflation-Focused Fund	0.28%
FYHTX	Fidelity	Fidelity Commodity Strategy Fund	0.62%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
GGRPX	Class P Shares	0.61%
GCCUX	Class R6 Shares	0.61%
GCCIX	Institutional Shares	0.62%
GCCTX	Investor Shares	0.70%

Top 10 Holdings

104.21% of assets

Name	Symbol	Weight
United States Treasury - U.S. Treasury Bills	B.0 07.16.26	24.26%
United States Treasury - U.S. Treasury Bills	WIB.0 10.20.26	20.84%
United States Treasury - U.S. Treasury Bills	B.0 10.01.26	18.42%
United States Treasury - U.S. Treasury Bills	B.0 11.19.26	12.81%
Goldman Sachs FS Government Instl	FGTXX	12.70%
United States Treasury - U.S. Treasury Bills	B.0 09.17.26	9.28%
United States Treasury - U.S. Treasury Bills	B.0 10.15.26	2.86%
United States Treasury - U.S. Treasury Bills	B.0 08.27.26	1.46%
United States Treasury - U.S. Treasury Bills	B.0 07.09.26	0.87%
New York Mercantile Exchange - WTI CRUDE FUTURE NOV26	n/a	0.70%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 29, 2026	$0.124	Jun 30, 2026
Dec 30, 2025	$1.1921	Dec 31, 2025
Jun 27, 2025	$0.1113	Jun 30, 2025
Dec 23, 2024	$0.1376	Dec 24, 2024
Jun 27, 2024	$0.1744	Jun 28, 2024
Dec 22, 2023	$0.168	Dec 26, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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