GRETX: Goldman Sachs Real Estate Securities Inv

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GRETX Goldman Sachs Real Estate Securities Inv


Profile

GRETX - Profile

Vitals

  • YTD Return -18.8%
  • 3 Yr Annualized Return -15.6%
  • 5 Yr Annualized Return -10.8%
  • Net Assets $122 M
  • Holdings in Top 10 53.6%

52 WEEK LOW AND HIGH

$10.91
$8.12
$16.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return -18.8%
  • 3 Yr Annualized Total Return -6.1%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Real Estate Securities Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Nov 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Nora Creedon

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"). It 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 is non-diversified.


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Categories

Fund Company Quick Screens

GRETX - Fund Company Quick Screens


Performance

GRETX - Performance

Return Ranking - Trailing

Period GRETX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.8% -36.4% 5.5% 66.42%
1 Yr -28.4% -54.6% 21.5% 90.91%
3 Yr -15.6%* -23.8% 10.0% 91.45%
5 Yr -10.8%* -23.4% 8.3% 87.88%
10 Yr -0.1%* -8.3% 6.4% 78.13%

* Annualized

Return Ranking - Calendar

Period GRETX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -22.7% 43.1% 87.55%
2018 -18.7% -44.0% 2.2% 86.42%
2017 -15.4% -16.4% 25.4% 97.27%
2016 -6.0% -28.0% 12.5% 79.81%
2015 -1.1% -19.4% 2.4% 17.37%

Total Return Ranking - Trailing

Period GRETX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.8% -36.4% 5.5% 66.42%
1 Yr -28.4% -54.6% 21.5% 90.91%
3 Yr -6.1%* -23.0% 10.0% 81.20%
5 Yr -1.8%* -16.6% 8.3% 66.16%
10 Yr 5.7%* -4.4% 10.5% 50.78%

* Annualized

Total Return Ranking - Calendar

Period GRETX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -22.7% 43.1% 87.55%
2018 -6.6% -43.3% 2.2% 31.69%
2017 2.4% -13.6% 31.4% 71.36%
2016 5.7% -12.3% 12.5% 35.58%
2015 3.4% -15.2% 7.7% 22.63%

NAV & Total Return History


Holdings

GRETX - Holdings

Concentration Analysis

GRETX Category Low Category High GRETX % Rank
Net Assets 122 M 1.25 M 55.8 B 70.59%
Number of Holdings 40 21 632 63.77%
Net Assets in Top 10 61.6 M 621 K 27 B 71.01%
Weighting of Top 10 53.58% 11.0% 79.3% 33.83%

Top 10 Holdings

  1. Equinix Inc 12.25%
  2. Prologis Inc 11.78%
  3. Alexandria Real Estate Equities Inc 4.51%
  4. Duke Realty Corp 4.24%
  5. Essex Property Trust Inc 3.87%
  6. Equity Residential 3.79%
  7. AvalonBay Communities Inc 3.44%
  8. Healthpeak Properties Inc 3.39%
  9. Extra Space Storage Inc 3.27%
  10. Equity Lifestyle Properties Inc 3.05%

Asset Allocation

Weighting Return Low Return High GRETX % Rank
Stocks
98.70% 2.17% 104.60% 50.00%
Cash
1.30% -169.14% 37.65% 44.93%
Preferred Stocks
0.00% 0.00% 47.56% 79.35%
Other
0.00% -0.92% 93.58% 78.62%
Convertible Bonds
0.00% 0.00% 6.83% 77.54%
Bonds
0.00% -3.82% 153.60% 77.90%

Stock Sector Breakdown

Weighting Return Low Return High GRETX % Rank
Real Estate
100.00% 43.26% 100.00% 33.08%
Utilities
0.00% 0.00% 6.61% 76.69%
Technology
0.00% 0.00% 14.99% 78.57%
Industrials
0.00% 0.00% 9.95% 78.20%
Healthcare
0.00% 0.00% 0.33% 76.69%
Financial Services
0.00% 0.00% 37.05% 79.32%
Energy
0.00% 0.00% 1.84% 75.94%
Communication Services
0.00% 0.00% 2.48% 76.32%
Consumer Defense
0.00% 0.00% 0.24% 75.94%
Consumer Cyclical
0.00% 0.00% 27.49% 88.35%
Basic Materials
0.00% 0.00% 5.57% 76.32%

Stock Geographic Breakdown

Weighting Return Low Return High GRETX % Rank
US
98.70% 2.17% 103.97% 47.46%
Non US
0.00% 0.00% 28.71% 79.71%

Expenses

GRETX - Expenses

Operational Fees

GRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.07% 19.12% 51.15%
Management Fee 0.87% 0.00% 1.67% 75.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

GRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

GRETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 1.54% 257.00% 41.11%

Distributions

GRETX - Distributions

Dividend Yield Analysis

GRETX Category Low Category High GRETX % Rank
Dividend Yield 0.00% 0.00% 7.58% 77.54%

Dividend Distribution Analysis

GRETX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Quarterly

Net Income Ratio Analysis

GRETX Category Low Category High GRETX % Rank
Net Income Ratio 1.64% -0.10% 5.67% 52.40%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GRETX - Fund Manager Analysis

Managers

Nora Creedon


Start Date

Tenure

Tenure Rank

Oct 26, 2010

9.68

9.7%

Nora is a portfolio manager on the US Value Equity Team. Nora has research responsibilities over the Retail, Apartment, Self-storage and Hotel US REIT sectors across the Value and Real Estate Securities portfolios. Nora has 11 years of industry experience spanning both the public and private markets. Prior to joining GSAM, she worked at Fortress Investment Group where she facilitated many of the firm’s private real estate investments globally. Prior to that, Nora was a portfolio manager and research analyst at Fidelity Investments covering REITs and homebuilders. Nora has also worked as a REIT-dedicated research analyst in the Global Investment Research Division of Goldman Sachs. She received a BS in Foreign Service from Georgetown University.

Timothy Ryan


Start Date

Tenure

Tenure Rank

Oct 26, 2010

9.68

9.7%

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

3.18

3.2%

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
0.06 26.51 8.67 0.5