Goldman Sachs Global Real Estate Securities Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-7.4%
1 yr return
2.7%
3 Yr Avg Return
-5.1%
5 Yr Avg Return
-0.7%
Net Assets
$149 M
Holdings in Top 10
34.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 52.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GARVX - Profile
Distributions
- YTD Total Return -7.4%
- 3 Yr Annualized Total Return -5.1%
- 5 Yr Annualized Total Return -0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.18%
- Dividend Yield 7.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGoldman Sachs Global Real Estate Securities Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateAug 31, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFrankie Lee
Fund Description
GARVX - Performance
Return Ranking - Trailing
Period | GARVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.4% | -14.0% | 5.2% | 81.77% |
1 Yr | 2.7% | -14.6% | 16.8% | 39.23% |
3 Yr | -5.1%* | -16.6% | 18.4% | 58.82% |
5 Yr | -0.7%* | -10.2% | 15.5% | 62.13% |
10 Yr | N/A* | -2.9% | 10.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | GARVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -16.8% | 16.7% | 2.79% |
2022 | -30.0% | -43.9% | 4.5% | 72.99% |
2021 | 23.5% | -13.9% | 30.7% | 18.82% |
2020 | -7.9% | -20.7% | 13.7% | 64.12% |
2019 | 13.4% | 1.0% | 26.5% | 61.54% |
Total Return Ranking - Trailing
Period | GARVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.4% | -14.0% | 5.2% | 81.77% |
1 Yr | 2.7% | -14.6% | 16.8% | 39.23% |
3 Yr | -5.1%* | -16.6% | 18.4% | 58.82% |
5 Yr | -0.7%* | -10.2% | 15.5% | 62.13% |
10 Yr | N/A* | -2.9% | 10.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GARVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.4% | -14.6% | 23.4% | 5.59% |
2022 | -27.8% | -39.5% | 10.1% | 94.25% |
2021 | 26.5% | 5.7% | 101.8% | 50.59% |
2020 | -6.3% | -17.8% | 14.7% | 72.94% |
2019 | 22.1% | 6.7% | 37.2% | 69.82% |
NAV & Total Return History
GARVX - Holdings
Concentration Analysis
GARVX | Category Low | Category High | GARVX % Rank | |
---|---|---|---|---|
Net Assets | 149 M | 4.31 M | 9.6 B | 70.56% |
Number of Holdings | 75 | 5 | 683 | 49.73% |
Net Assets in Top 10 | 51.4 M | 1.87 M | 6.34 B | 71.58% |
Weighting of Top 10 | 34.59% | 19.3% | 64.1% | 78.57% |
Top 10 Holdings
- Prologis Inc 8.45%
- Equinix Inc 5.15%
- Welltower Inc 3.39%
- VICI Properties Inc 2.84%
- CubeSmart 2.82%
- AvalonBay Communities Inc 2.74%
- Extra Space Storage Inc 2.66%
- Alexandria Real Estate Equities Inc 2.27%
- Invitation Homes Inc 2.24%
- Mitsui Fudosan Co Ltd 2.03%
Asset Allocation
Weighting | Return Low | Return High | GARVX % Rank | |
---|---|---|---|---|
Stocks | 98.26% | 2.78% | 126.54% | 70.49% |
Cash | 1.74% | 0.00% | 10.38% | 32.79% |
Preferred Stocks | 0.00% | 0.00% | 7.08% | 14.21% |
Other | 0.00% | -33.49% | 102.40% | 37.70% |
Convertible Bonds | 0.00% | 0.00% | 0.07% | 8.79% |
Bonds | 0.00% | 0.00% | 25.03% | 13.66% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GARVX % Rank | |
---|---|---|---|---|
Real Estate | 96.79% | 72.53% | 100.00% | 64.61% |
Technology | 1.34% | 0.00% | 4.92% | 16.29% |
Consumer Cyclical | 1.06% | 0.00% | 13.03% | 28.09% |
Communication Services | 0.81% | 0.00% | 10.08% | 41.57% |
Utilities | 0.00% | 0.00% | 0.96% | 10.67% |
Industrials | 0.00% | 0.00% | 4.91% | 24.16% |
Healthcare | 0.00% | 0.00% | 1.54% | 20.22% |
Financial Services | 0.00% | 0.00% | 9.53% | 25.28% |
Energy | 0.00% | 0.00% | 0.11% | 7.30% |
Consumer Defense | 0.00% | 0.00% | 0.18% | 8.99% |
Basic Materials | 0.00% | 0.00% | 1.63% | 11.80% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GARVX % Rank | |
---|---|---|---|---|
US | 62.16% | 0.00% | 99.38% | 51.37% |
Non US | 36.10% | 0.00% | 98.96% | 53.01% |
GARVX - Expenses
Operational Fees
GARVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.27% | 0.11% | 33.54% | 53.55% |
Management Fee | 0.93% | 0.09% | 1.50% | 87.91% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.25% | N/A |
Sales Fees
GARVX 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
GARVX 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.
GARVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 52.00% | 1.00% | 165.00% | 47.46% |
GARVX - Distributions
Dividend Yield Analysis
GARVX | Category Low | Category High | GARVX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.99% | 0.00% | 5.63% | 16.94% |
Dividend Distribution Analysis
GARVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
Net Income Ratio Analysis
GARVX | Category Low | Category High | GARVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.18% | -0.23% | 3.84% | 62.57% |
Capital Gain Distribution Analysis
GARVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.157 | OrdinaryDividend |
Sep 29, 2023 | $0.065 | OrdinaryDividend |
Jun 30, 2023 | $0.059 | OrdinaryDividend |
Mar 31, 2023 | $0.046 | OrdinaryDividend |
Dec 14, 2022 | $0.130 | OrdinaryDividend |
Sep 30, 2022 | $0.081 | OrdinaryDividend |
Jun 30, 2022 | $0.057 | OrdinaryDividend |
Mar 31, 2022 | $0.027 | OrdinaryDividend |
Dec 21, 2021 | $0.143 | OrdinaryDividend |
Sep 30, 2021 | $0.047 | OrdinaryDividend |
Jun 30, 2021 | $0.076 | OrdinaryDividend |
Mar 31, 2021 | $0.018 | OrdinaryDividend |
Sep 30, 2020 | $0.058 | OrdinaryDividend |
Jun 30, 2020 | $0.048 | OrdinaryDividend |
Mar 31, 2020 | $0.027 | OrdinaryDividend |
Dec 23, 2019 | $0.441 | OrdinaryDividend |
Dec 13, 2019 | $0.302 | OrdinaryDividend |
Sep 30, 2019 | $0.063 | OrdinaryDividend |
Mar 29, 2019 | $0.027 | OrdinaryDividend |
Dec 24, 2018 | $0.054 | OrdinaryDividend |
Jun 29, 2018 | $0.087 | OrdinaryDividend |
Mar 29, 2018 | $0.059 | OrdinaryDividend |
Dec 26, 2017 | $0.128 | OrdinaryDividend |
Sep 29, 2017 | $0.066 | OrdinaryDividend |
Jun 30, 2017 | $0.040 | OrdinaryDividend |
Mar 31, 2017 | $0.056 | OrdinaryDividend |
Dec 23, 2016 | $0.189 | OrdinaryDividend |
Sep 30, 2016 | $0.057 | OrdinaryDividend |
Jun 30, 2016 | $0.066 | OrdinaryDividend |
Mar 31, 2016 | $0.031 | OrdinaryDividend |
Dec 24, 2015 | $0.128 | OrdinaryDividend |
GARVX - 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 | 7.11 | 10.42 |