Goldman Sachs Real Estate Securities Fund
Fund
GRERX
Price as of:
$8.45
+ $0.03
+ 0.36%
Primary Theme
fund company
Name
As of 06/02/2026Price
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
Vitals
YTD Return
9.5%
1 yr return
8.4%
3 Yr Avg Return
8.8%
5 Yr Avg Return
2.5%
Net Assets
$53.6 M
Holdings in Top 10
60.7%
52 WEEK LOW AND HIGH
$8.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 37.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/02/2026Price
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
GRERX - Profile
Distributions
- YTD Total Return 9.5%
- 3 Yr Annualized Total Return 8.8%
- 5 Yr Annualized Total Return 2.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.93%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGoldman Sachs Real Estate Securities Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateNov 30, 2007
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Ryan
Fund Description
span style="color:#000000;font-family:Times New Roman;font-size:9pt;"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”)./spanspan style="color:#000000;font-family:Times New Roman;font-size:9pt;" An issuer is primarily engaged in or related to the real estate industry if it derives at least /spanspan style="color:#000000;font-family:Times New Roman;font-size:9pt;"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. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9pt;"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 diversified geographically and by property type. Although the Fund will invest primarily in publicly traded U.S. securities, it may invest up to 15% of its total assets in foreign securities, including securities quoted in foreign currencies. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9pt;"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. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9pt;"The Fund may also invest up to 20% of its total assets in fixed income investments, such as government, corporate and bank debt obligations and in other equity investments. The Fund concentrates its investments in securities of issuers in the real estate industry. /spanspan style="color:#000000;font-family:Times New Roman;font-size:9pt;"The Investment Adviser measures the Fund’s performance against the FTSE NAREIT All Equity REITs Index (Total Return, USD, Unhedged). /spanspan style="color:#000000;font-family:Times New Roman;font-size:9pt;"THE FUND IS “NON-DIVERSIFIED” UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (“INVESTMENT COMPANY ACT”), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS./span
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GRERX - Performance
Return Ranking - Trailing
| Period | GRERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.5% | -5.8% | 20.9% | 41.05% |
| 1 Yr | 8.4% | -3.3% | 21.1% | 64.63% |
| 3 Yr | 8.8%* | -4.7% | 14.0% | 44.10% |
| 5 Yr | 2.5%* | -5.7% | 7.8% | 51.77% |
| 10 Yr | 3.9%* | -0.5% | 11.1% | 82.39% |
* Annualized
Return Ranking - Calendar
| Period | GRERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -29.6% | -32.0% | 8.8% | 99.56% |
| 2024 | -1.5% | -33.3% | 15.6% | 70.31% |
| 2023 | 11.7% | -16.2% | 39.0% | 12.28% |
| 2022 | -31.4% | -51.3% | 2.5% | 60.79% |
| 2021 | 34.7% | -7.7% | 52.3% | 34.51% |
Total Return Ranking - Trailing
| Period | GRERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.5% | -5.8% | 20.9% | 41.05% |
| 1 Yr | 8.4% | -3.3% | 21.1% | 64.63% |
| 3 Yr | 8.8%* | -4.7% | 14.0% | 44.10% |
| 5 Yr | 2.5%* | -5.7% | 7.8% | 51.77% |
| 10 Yr | 3.9%* | -0.5% | 11.1% | 82.39% |
* Annualized
Total Return Ranking - Calendar
| Period | GRERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -0.7% | -9.4% | 18.5% | 82.10% |
| 2024 | 5.7% | -29.6% | 17.7% | 49.34% |
| 2023 | 16.3% | -12.7% | 43.3% | 9.21% |
| 2022 | -28.2% | -40.1% | 7.8% | 84.58% |
| 2021 | 43.8% | 8.9% | 54.6% | 26.11% |
NAV & Total Return History
GRERX - Holdings
Concentration Analysis
| GRERX | Category Low | Category High | GRERX % Rank | |
|---|---|---|---|---|
| Net Assets | 53.6 M | 2.03 M | 69.9 B | 90.13% |
| Number of Holdings | 35 | 23 | 692 | 84.72% |
| Net Assets in Top 10 | 29.9 M | 886 K | 34.9 B | 88.21% |
| Weighting of Top 10 | 60.74% | 18.8% | 82.2% | 18.78% |
Top 10 Holdings
- Welltower Inc. COM 10.70%
- Prologis Inc. COM 10.11%
- Equinix, Inc. COM 8.37%
- American Tower Corporation COM 7.30%
- Simon Property Group Inc COM 5.31%
- Digital Realty Trust Inc. COM 5.26%
- Ventas Inc. COM 3.86%
- Extra Space Storage Inc. COM 3.47%
- Realty Income Corporation COM 3.37%
- Vici Properties Inc COM 3.00%
Asset Allocation
| Weighting | Return Low | Return High | GRERX % Rank | |
|---|---|---|---|---|
| Stocks | 98.17% | 0.00% | 180.99% | 60.26% |
| Cash | 1.83% | -42.50% | 20.67% | 40.61% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 93.45% |
| Other | 0.00% | -81.05% | 97.12% | 84.72% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 92.98% |
| Bonds | 0.00% | 0.00% | 148.40% | 93.01% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GRERX % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 34.46% | 100.00% | 35.78% |
| Utilities | 0.00% | 0.00% | 3.55% | 92.66% |
| Technology | 0.00% | 0.00% | 12.02% | 94.04% |
| Industrials | 0.00% | 0.00% | 7.39% | 93.58% |
| Healthcare | 0.00% | 0.00% | 0.53% | 92.66% |
| Financial Services | 0.00% | 0.00% | 37.05% | 93.12% |
| Energy | 0.00% | 0.00% | 33.11% | 92.66% |
| Communication Services | 0.00% | 0.00% | 11.61% | 94.50% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 92.66% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 94.50% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 93.58% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GRERX % Rank | |
|---|---|---|---|---|
| US | 98.17% | 0.00% | 180.99% | 55.90% |
| Non US | 0.00% | 0.00% | 41.39% | 95.20% |
GRERX - Expenses
Operational Fees
| GRERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.95% | 0.07% | 8.91% | 20.80% |
| Management Fee | 0.87% | 0.00% | 1.50% | 76.42% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 74.77% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| GRERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| GRERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| GRERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 37.00% | 0.11% | 380.00% | 45.79% |
GRERX - Distributions
Dividend Yield Analysis
| GRERX | Category Low | Category High | GRERX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.65% | 0.00% | 13.03% | 65.94% |
Dividend Distribution Analysis
| GRERX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| GRERX | Category Low | Category High | GRERX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.93% | -1.07% | 6.05% | 62.39% |
Capital Gain Distribution Analysis
| GRERX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 30, 2026 | $0.057 | OrdinaryDividend |
| Dec 11, 2025 | $2.975 | CapitalGainLongTerm |
| Sep 29, 2025 | $0.066 | OrdinaryDividend |
| Jun 27, 2025 | $0.077 | OrdinaryDividend |
| Mar 28, 2025 | $0.068 | OrdinaryDividend |
| Dec 12, 2024 | $0.597 | CapitalGainLongTerm |
| Sep 27, 2024 | $0.061 | OrdinaryDividend |
| Mar 27, 2024 | $0.100 | OrdinaryDividend |
| Dec 13, 2023 | $0.294 | CapitalGainLongTerm |
| Sep 28, 2023 | $0.057 | OrdinaryDividend |
| Jun 29, 2023 | $0.064 | OrdinaryDividend |
| Mar 30, 2023 | $0.023 | OrdinaryDividend |
| Dec 13, 2022 | $0.361 | OrdinaryDividend |
| Sep 29, 2022 | $0.088 | OrdinaryDividend |
| Jun 29, 2022 | $0.037 | OrdinaryDividend |
| Mar 30, 2022 | $0.002 | OrdinaryDividend |
| Dec 14, 2021 | $0.817 | OrdinaryDividend |
| Sep 29, 2021 | $0.039 | OrdinaryDividend |
| Jun 29, 2021 | $0.040 | OrdinaryDividend |
| Mar 30, 2021 | $0.030 | OrdinaryDividend |
| Dec 14, 2020 | $0.009 | CapitalGainShortTerm |
| Dec 14, 2020 | $0.989 | CapitalGainLongTerm |
| Sep 29, 2020 | $0.023 | OrdinaryDividend |
| Jun 29, 2020 | $0.045 | OrdinaryDividend |
| Mar 30, 2020 | $0.054 | OrdinaryDividend |
| Dec 20, 2019 | $0.014 | OrdinaryDividend |
| Dec 12, 2019 | $0.056 | CapitalGainShortTerm |
| Dec 12, 2019 | $2.204 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.068 | OrdinaryDividend |
| Mar 28, 2019 | $0.028 | OrdinaryDividend |
| Dec 11, 2018 | $0.005 | CapitalGainShortTerm |
| Dec 11, 2018 | $1.885 | CapitalGainLongTerm |
| Jun 28, 2018 | $0.086 | OrdinaryDividend |
| Mar 28, 2018 | $0.041 | OrdinaryDividend |
| Dec 11, 2017 | $0.135 | CapitalGainShortTerm |
| Dec 11, 2017 | $2.805 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.104 | OrdinaryDividend |
| Jun 29, 2017 | $0.042 | OrdinaryDividend |
| Mar 30, 2017 | $0.108 | OrdinaryDividend |
| Dec 22, 2016 | $0.059 | OrdinaryDividend |
| Dec 09, 2016 | $0.278 | CapitalGainShortTerm |
| Dec 09, 2016 | $1.553 | CapitalGainLongTerm |
| Sep 29, 2016 | $0.089 | OrdinaryDividend |
| Jun 29, 2016 | $0.112 | OrdinaryDividend |
| Mar 30, 2016 | $0.101 | OrdinaryDividend |
| Dec 10, 2015 | $0.516 | CapitalGainLongTerm |
| Sep 29, 2015 | $0.096 | OrdinaryDividend |
| Jun 29, 2015 | $0.067 | OrdinaryDividend |
| Mar 30, 2015 | $0.119 | OrdinaryDividend |
| Sep 29, 2014 | $0.068 | OrdinaryDividend |
| Jun 27, 2014 | $0.085 | OrdinaryDividend |
| Mar 28, 2014 | $0.095 | OrdinaryDividend |
| Sep 27, 2013 | $0.062 | OrdinaryDividend |
| Jun 27, 2013 | $0.057 | OrdinaryDividend |
| Mar 27, 2013 | $0.090 | OrdinaryDividend |
| Sep 27, 2012 | $0.054 | OrdinaryDividend |
| Jun 29, 2012 | $0.057 | OrdinaryDividend |
| Mar 30, 2012 | $0.074 | OrdinaryDividend |
| Sep 29, 2011 | $0.056 | OrdinaryDividend |
| Jun 29, 2011 | $0.055 | OrdinaryDividend |
| Mar 30, 2011 | $0.062 | OrdinaryDividend |
| Sep 29, 2010 | $0.045 | OrdinaryDividend |
| Jun 29, 2010 | $0.041 | OrdinaryDividend |
| Mar 30, 2010 | $0.092 | OrdinaryDividend |
| Sep 29, 2009 | $0.050 | OrdinaryDividend |
| Jun 29, 2009 | $0.074 | OrdinaryDividend |
| Mar 30, 2009 | $0.085 | OrdinaryDividend |
| Dec 09, 2008 | $0.589 | CapitalGainLongTerm |
| Sep 29, 2008 | $0.118 | OrdinaryDividend |
| Jun 27, 2008 | $0.090 | OrdinaryDividend |
| Mar 28, 2008 | $0.141 | OrdinaryDividend |
| Dec 13, 2007 | $0.007 | CapitalGainShortTerm |
| Dec 13, 2007 | $3.132 | CapitalGainLongTerm |
GRERX - Fund Manager Analysis
Managers
Timothy Ryan
Start Date
Tenure
Tenure Rank
Oct 26, 2010
11.6
11.6%
Timothy Ryan is a Managing Director of Goldman Sachs Asset Management, L.P.Tim is a portfolio manager for the US Value Equity Team. Tim has research responsibilities over the Office, Diversified, Healthcare and Industrial US REIT sectors, in addition to his Regional Bank coverage across the Value portfolios. Tim has 16 years of industry experience. Before joining GSAM, he spent six years at Oppenheimer Funds where he had research responsibility for the Financial Services sector across all market capitalizations. Prior to that, he was a Financials research analyst at Credit Suisse Asset Management and JP Morgan Investment Management Company. He received a BA in Mathematics and Economics from Boston College and an MBA from Columbia Business School.
Kristin Kuney
Start Date
Tenure
Tenure Rank
Apr 28, 2017
5.09
5.1%
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 |
|---|---|---|---|
| 0.01 | 28.42 | 8.31 | 2.68 |