Summary
- The Goldman Sachs Mid Cap Value Fund outperformed its benchmark, the Russell Midcap Value Index (net), during the quarter.
- Easing trade tensions and renewed investor optimism toward the artificial intelligence growth theme served as key tailwinds.
- > The S&P 500 Index increased by 10.94% (total return, in USD) in the second quarter of 2025.
Market Overview
The S&P 500 ((SP500), (SPX)) Index increased by 10.94% (total return, in USD) in the second guarter of 2025, whereas the Russell 2000 Index increased by 8.50% (total return, in USD). Despite an initial selloff prompted by concern regarding new US tariff policies, the

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