Goldman Sachs International Real Estate Securities Fund
Data updated: 2022-05-26
C000034661 — Goldman Sachs International Real Estate Securities Fund. Commodity · $44.83M AUM. Holdings, fees, performance and SEC filings.
C000034661 Fund Overview
Goldman Sachs International Real Estate Securities Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Goldman Sachs Trust
- Category: Commodity
- Assets under management: $44.83M
- 1-year return: -1.5%
- SEC CIK: 0000822977
- SEC series ID: S000012820
- Share class ID: C000034661
C000034661 Investment Objective and Strategy
Goldman Sachs International Real Estate Securities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs Trust.
Investment objective
The Goldman Sachs International Real Estate Securities Fund (the “Fund”) seeks total return comprised of long-term growth of capital and dividend income.
Principal investment strategy
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) 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 Funds 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. The Fund invests primarily in real estate industry companies organized outside the United States or whose securities are principally traded outside the United States. The Fund expects to invest a substantial portion of its assets in the securities of issuers located in Japan, the United Kingdom, Australia, Hong Kong, Singapore, Canada and Continental Europe.
The Fund may also invest a portion of its assets in securities of issuers located in emerging market countries, such as Central American, South American, African, Middle Eastern, and certain Asian and Eastern European countries. From time to time, the Funds investments in a particular country may exceed 25% of its investment portfolio. The Fund may also invest up to 20% of its total assets in REITs or other real estate industry companies organized or principally traded in the United States, other equity investments, and 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 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.
The Funds benchmark index is the FTSE EPRA/NAREIT Developed Ex US Real Estate Index (Net, USD, Unhedged).
C000034661 Performance
Total returns for C000034661 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.5% |
| 3 years (annualised) | 0.7% |
C000034661 Risk Information
Risk metrics for C000034661, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.3%
C000034661 Costs and Fees
C000034661 costs about $211 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.11%
- Gross expense ratio: 2.90%
- Portfolio turnover: 55%
- Brokerage commissions: 7.49 bps of average net assets (SEC N-CEN)
C000034661 Cashflows
Over the 12 months to 2022-03, Goldman Sachs International Real Estate Securities Fund had net inflows of $7.37M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $686.69K |
| 2022-02 | $1.07M |
| 2022-01 | $2.26M |
| 2021-12 | $4.78M |
| 2021-11 | $388.42K |
| 2021-10 | $709.48K |
C000034661 Debt Constituents
No individual debt constituents are reported in Goldman Sachs International Real Estate Securities Fund's latest SEC N-PORT filing.
C000034661 Prospectus and SEC Filings
Official Goldman Sachs International Real Estate Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-30
- Prospectus (485BPOS) — filed 2019-05-21
- Prospectus supplement (497) — filed 2020-05-22
- Portfolio holdings (N-PORT) — filed 2022-05-26
- Portfolio holdings (N-PORT) — filed 2022-02-24
- Portfolio holdings (N-PORT) — filed 2021-11-23
- Annual census (N-CEN) — filed 2022-03-14
- Annual census (N-CEN) — filed 2021-03-15
Related Funds
Other Commodity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.