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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.47

$149 M

0.00%

$0.00

1.28%

Vitals

YTD Return

-3.8%

1 yr return

11.3%

3 Yr Avg Return

-2.2%

5 Yr Avg Return

0.0%

Net Assets

$149 M

Holdings in Top 10

34.6%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 52.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.47

$149 M

0.00%

$0.00

1.28%

GARSX - Profile

Distributions

  • YTD Total Return -3.8%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Goldman Sachs Global Real Estate Securities Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Aug 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Frankie Lee

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at time of purchase) (“Net Assets”) in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry (“real estate industry companies”) within and outside the United States. An issuer is primarily engaged in or related to the real estate industry if it derives at least 50% of its gross revenues or net profits from the ownership, development, construction, financing, management or sale of commercial, industrial or residential real estate or interests therein. Real estate industry companies may include real estate investment trusts (“REITs”), REIT-like structures, or real estate operating companies whose businesses and services are related to the real estate industry.The Fund’s investment strategy is based on the premise that property market fundamentals are the primary determinant of growth, underlying the success of companies in the real estate industry. The Investment Adviser focuses on companies that can achieve sustainable growth in cash flow and dividend paying capability over time. The Investment Adviser attempts to purchase securities so that its underlying portfolio will be varied geographically and by property type.The Fund will invest in securities of real estate industry companies that are economically tied to at least three countries, including the United States. The Fund will also invest, under normal circumstances, at least 40% of its Net Assets in securities of real estate industry companies that are economically tied to countries outside the United States (or, if less, at least the percentage of Net Assets that is 5% less than the percentage of the FTSE EPRA Nareit Developed Index, represented by real estate industry companies that are economically tied to countries outside the United States, as determined by the provider of the index). Although the Fund will invest, under normal circumstances, primarily in securities of real estate industry companies that are economically tied to the United States, Japan, the United Kingdom, Australia, Hong Kong, Singapore, Canada and Continental Europe, the Fund may invest in securities of real estate industry companies that are economically tied to countries with emerging markets or economies (“emerging countries”), including Central American, South American, African, Middle Eastern, and certain Asian and Eastern European countries.The Fund may invest without restriction as to issuer capitalization, currency, maturity or credit rating. A portion of the Fund’s securities are denominated in foreign currencies and held outside the United States.The Investment Adviser employs a fundamental investment process that may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors. No one factor or consideration is determinative in the stock selection process.The Fund may also invest up to 20% of its Net Assets (measured at the time of purchase) in issuers that are not real estate industry companies, or fixed income investments, such as government, corporate and bank debt obligations.The Fund concentrates its investments in securities of issuers in the real estate industry.The Fund’s benchmark index is the FTSE EPRA Nareit Developed Index (Net, USD, Unhedged).
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GARSX - Performance

Return Ranking - Trailing

Period GARSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -10.2% 9.4% 66.84%
1 Yr 11.3% -13.8% 28.1% 27.42%
3 Yr -2.2%* -13.3% 20.9% 58.52%
5 Yr 0.0%* -8.8% 15.6% 62.29%
10 Yr N/A* -2.0% 10.6% N/A

* Annualized

Return Ranking - Calendar

Period GARSX Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -16.8% 16.7% 4.32%
2022 -30.0% -43.9% 4.5% 70.00%
2021 23.4% -13.9% 30.7% 19.32%
2020 -7.9% -20.7% 13.7% 64.20%
2019 13.3% 1.0% 26.5% 60.57%

Total Return Ranking - Trailing

Period GARSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.8% -10.2% 9.4% 66.84%
1 Yr 11.3% -13.8% 28.1% 27.42%
3 Yr -2.2%* -13.3% 20.9% 58.52%
5 Yr 0.0%* -8.8% 15.6% 62.29%
10 Yr N/A* -2.0% 10.6% N/A

* Annualized

Total Return Ranking - Calendar

Period GARSX Return Category Return Low Category Return High Rank in Category (%)
2023 13.2% -14.6% 23.4% 5.95%
2022 -27.7% -39.5% 10.1% 92.78%
2021 26.4% 5.7% 101.8% 51.70%
2020 -6.3% -17.8% 14.7% 73.30%
2019 22.0% 6.7% 37.2% 68.00%

NAV & Total Return History


GARSX - Holdings

Concentration Analysis

GARSX Category Low Category High GARSX % Rank
Net Assets 149 M 3.72 M 9.6 B 68.82%
Number of Holdings 75 5 695 51.85%
Net Assets in Top 10 51.4 M 1.79 M 6.34 B 69.84%
Weighting of Top 10 34.59% 19.3% 64.1% 79.79%

Top 10 Holdings

  1. Prologis Inc 8.45%
  2. Equinix Inc 5.15%
  3. Welltower Inc 3.39%
  4. VICI Properties Inc 2.84%
  5. CubeSmart 2.82%
  6. AvalonBay Communities Inc 2.74%
  7. Extra Space Storage Inc 2.66%
  8. Alexandria Real Estate Equities Inc 2.27%
  9. Invitation Homes Inc 2.24%
  10. Mitsui Fudosan Co Ltd 2.03%

Asset Allocation

Weighting Return Low Return High GARSX % Rank
Stocks
98.26% 2.78% 126.54% 65.08%
Cash
1.74% 0.00% 10.38% 32.80%
Preferred Stocks
0.00% 0.00% 7.08% 20.11%
Other
0.00% -33.49% 102.40% 33.33%
Convertible Bonds
0.00% 0.00% 0.07% 14.36%
Bonds
0.00% 0.00% 25.03% 17.46%

Stock Sector Breakdown

Weighting Return Low Return High GARSX % Rank
Real Estate
96.79% 72.53% 100.00% 66.30%
Technology
1.34% 0.00% 4.92% 16.30%
Consumer Cyclical
1.06% 0.00% 13.03% 27.72%
Communication Services
0.81% 0.00% 10.08% 40.76%
Utilities
0.00% 0.00% 0.96% 15.22%
Industrials
0.00% 0.00% 4.91% 26.09%
Healthcare
0.00% 0.00% 1.54% 21.74%
Financial Services
0.00% 0.00% 9.53% 26.63%
Energy
0.00% 0.00% 0.11% 11.96%
Consumer Defense
0.00% 0.00% 0.18% 13.59%
Basic Materials
0.00% 0.00% 1.63% 16.30%

Stock Geographic Breakdown

Weighting Return Low Return High GARSX % Rank
US
62.16% 0.00% 99.38% 56.08%
Non US
36.10% 0.00% 98.93% 58.20%

GARSX - Expenses

Operational Fees

GARSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.11% 33.54% 53.97%
Management Fee 0.93% 0.09% 1.50% 85.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% N/A

Sales Fees

GARSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GARSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GARSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 1.00% 165.00% 46.45%

GARSX - Distributions

Dividend Yield Analysis

GARSX Category Low Category High GARSX % Rank
Dividend Yield 0.00% 0.00% 5.34% 70.90%

Dividend Distribution Analysis

GARSX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

GARSX Category Low Category High GARSX % Rank
Net Income Ratio 1.17% -0.23% 3.84% 64.32%

Capital Gain Distribution Analysis

GARSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GARSX - Fund Manager Analysis

Managers

Frankie Lee


Start Date

Tenure

Tenure Rank

Aug 31, 2015

6.75

6.8%

Frankie Lee joined the Goldman Sachs Group Inc as a portfolio manager in 2010. Mr. Lee joined Henderson Global Investors in 2006 as a Fund Manager for Asian Property Equities and in 2008 became co-head of Asia-Pacific Equities with Chris Reilly. He began his career in 1994 as a senior auditor with Deloitte & Touche LLP. In 1997 Frankie moved to New World China Land as a Finance & Project Manager, and then in 2000 onto SG Securities in Hong Kong as a local market property analyst. Further moves followed, to Lehman Brothers in 2002 and CLSA in 2004, where he continued to develop as a regional property analyst. Frankie graduated from The University of Texas with degrees in Japanese and Accounting. He is a Certified Public Accountant in the State of New York, USA.

Kristin Kuney


Start Date

Tenure

Tenure Rank

Apr 08, 2021

1.15

1.2%

Ms. Kuney joined the Investment Adviser in 2000 and has research responsibilities across the US Value Equity, Real Estate Securities, and Global Infrastructure portfolios. Ms. Kuney joined the Real Estate Team in 2004 as a research analyst and later joined the Value Team in 2009. Prior to that, Ms. Kuney worked in the Global Risk and Performance Analytics group focusing on quantitative and risk analysis of the Goldman Sachs Mutual Funds

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 20.42 7.0 10.42