# Goldman Sachs Mid Cap Value Fund Class A (GCMAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gcmax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Goldman Sachs · Asset class: Equity - Strategy: Actively Managed · Inception: 1997-08-15 The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in a diversified portfolio of equity investments in mid-cap issuers. Although it will invest primarily in publicly traded U.S. securities, the fund may invest in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies. ## Key Facts | Metric | Value | |---|---| | Price | $39.56 | | Expense Ratio | 1.19% | | Assets Under Management | $1.76B | | NAV | $39.56 | | Holdings Count | — | | Distribution Yield (TTM) | 0.75% | | Annual Distribution (TTM) | $0.30 /share | | Distribution Frequency | Irregular | | 52-Week Range | $34.06 – $41.67 | | Beta | 0.97 | ## Latest Distribution - Amount: $0.2973 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-17 ## Frequently Asked Questions ### What does GCMAX invest in? The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in a diversified portfolio of equity investments in mid-cap issuers. Although it will invest primarily in publicly traded U.S. securities, the fund may invest in foreign securities, including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies. ### What is the expense ratio of GCMAX? Goldman Sachs Mid Cap Value Fund Class A (GCMAX) charges an expense ratio of 1.19%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is GCMAX? Goldman Sachs Mid Cap Value Fund Class A (GCMAX) manages $1.76B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is GCMAX actively managed or an index fund? GCMAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (GCMAX's is 1.19%) in exchange for the discretion to over- or under-weight positions. ### When was GCMAX launched? Goldman Sachs Mid Cap Value Fund Class A (GCMAX) launched in August 1997 and is managed by Goldman Sachs. ### How has GCMAX performed? GCMAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does GCMAX pay a dividend? Goldman Sachs Mid Cap Value Fund Class A (GCMAX) currently distributes little or no income. Trailing-twelve-month yield is 0.75%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does GCMAX pay dividends? Goldman Sachs Mid Cap Value Fund Class A pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is GCMAX's dividend yield? GCMAX's trailing-twelve-month yield is 0.75%, calculated from the sum of dividends over the past year divided by the current price. ### When is GCMAX's next ex-dividend date? The most recently announced ex-dividend date for GCMAX was 2025-12-16. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will GCMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GCMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from GCMAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GCMAX cost more than a fund like VOO? GCMAX is actively managed (current expense ratio 1.19%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether GCMAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to GCMAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GCMAX (1.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gcmax - Distribution history: https://www.dividenddata.com/funds/gcmax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gcmax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gcmax/expenses - Peer comparison: https://www.dividenddata.com/funds/gcmax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.