GARHX — Goldman Sachs Global Real Estate Securities Fund
Data updated: 2025-05-27
GARHX — Goldman Sachs Global Real Estate Securities Fund. Global (incl. US) Real Estate · $12.81M AUM. Holdings, fees, performance and SEC filings.
GARHX Fund Overview
GARHX — Goldman Sachs Global Real Estate Securities Fund is a US mutual fund managed by Goldman Sachs Trust, categorised as Global (incl. US) Real Estate. 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: Global (incl. US) Real Estate
- Assets under management: $12.81M
- 1-year return: -5.0%
- Ticker: GARHX
- SEC CIK: 0000822977
- SEC series ID: S000050578
- Share class ID: C000159647
GARHX Investment Objective and Strategy
Goldman Sachs Global 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 Global 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) 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 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 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. 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 Funds securities are denominated in foreign currencies and held outside the United States. 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 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 Index (Net, USD, Unhedged).
GARHX Holdings
Top 10 holdings of Goldman Sachs Global Real Estate Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Prologis Inc | 6.90% |
| Welltower Inc | 6.27% |
| Equinix Inc | 5.82% |
| Simon Property Group Inc | 3.73% |
| Digital Realty Trust Inc | 3.28% |
| VICI Properties Inc | 2.97% |
| Goodman Group | 2.71% |
| Mitsui Fudosan Co Ltd | 2.64% |
| AvalonBay Communities Inc | 2.63% |
| Extra Space Storage Inc | 2.57% |
GARHX Portfolio Allocation
Asset-class allocation of Goldman Sachs Global Real Estate Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 101.0% |
GARHX Performance
Total returns for GARHX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.0% |
| 3 years (annualised) | 2.1% |
GARHX Risk Information
Risk metrics for GARHX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.1%
GARHX Costs and Fees
GARHX costs about $159 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.59%
- Gross expense ratio: 1.90%
- Portfolio turnover: 47%
- Brokerage commissions: 10.20 bps of average net assets (SEC N-CEN)
GARHX Cashflows
Over the 12 months to 2025-03, Goldman Sachs Global Real Estate Securities Fund had net outflows of $118.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-03 | −$7.61M |
| 2025-02 | −$37.61M |
| 2025-01 | −$679.03K |
| 2024-12 | −$12.68M |
| 2024-11 | $8.68M |
| 2024-10 | $6.84M |
GARHX Debt Constituents
No individual debt constituents are reported in Goldman Sachs Global Real Estate Securities Fund's latest SEC N-PORT filing.
GARHX Prospectus and SEC Filings
Official Goldman Sachs Global Real Estate Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus supplement (497) — filed 2024-05-03
- Portfolio holdings (N-PORT) — filed 2025-05-27
- Portfolio holdings (N-PORT) — filed 2025-02-26
- Portfolio holdings (N-PORT) — filed 2024-11-22
- Annual census (N-CEN) — filed 2025-03-14
- Annual census (N-CEN) — filed 2024-03-13
Related Funds
Other Global (incl. US) Real Estate 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.