Goldman Sachs Small/Mid Cap Growth Fund Institutional is an open-end mutual fund focused on achieving long-term capital appreciation through investment in equities of small- and mid-capitalization companies. The fund deploys a growth-oriented strategy, seeking out businesses with strong innovation potential and significant opportunities for secular expansion. Its portfolio is diversified across sectors, with notable allocations in healthcare, technology, industrials, and consumer cyclical industries. The fund typically invests at least 80% of its assets in equity securities, with the flexibility to allocate up to 20% in fixed income instruments. With an equity portfolio that tends to highlight companies such as Natera Inc., Manhattan Associates Inc., and Texas Roadhouse Inc., the fund's holdings aim to capture early-stage and enduring growth trends. The institutional share class targets large-scale investors, reflected in its minimum investment requirement. Operating with moderate portfolio turnover and a competitive expense ratio, this fund plays a key role in offering institutional investors targeted exposure to the dynamic small- and mid-cap growth segment of the U.S. equity market, complementing broader asset allocation strategies.