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Goldman Sachs Global Real Estate Securities Fund
mutual fund
GARVX
Payout Change
Pending
Price as of:
$9.86
-0.12
-1.2%
primary theme
International Real Estate
share class
GARVX (Mutual Fund)
Goldman Sachs Global Real Estate Securities Fund
Payout Change
Pending
Price as of:
$9.86
-0.12
-1.2%
primary theme
International Real Estate
share class
GARVX (Mutual Fund)
Goldman Sachs Global Real Estate Securities Fund
Payout Change
Pending
Price as of:
$9.86
-0.12
-1.2%
primary theme
International Real Estate
share class
Name
As of 12/10/2024Price
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
3.5%
1 yr return
9.9%
3 Yr Avg Return
-4.3%
5 Yr Avg Return
0.4%
Net Assets
$149 M
Holdings in Top 10
35.1%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.32%
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 12/10/2024Price
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
GARVX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return -4.3%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.18%
- Dividend Yield 3.4%
- 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
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 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 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. The Fund will also invest, under normal circumstances, at least 40% of its Net Assets in securities of real estate industry companies that are economically tied to countries outside the United States (or, if less, at least the percentage of Net Assets that is 5% less than the percentage of the FTSE EPRA Nareit Developed Index, represented by real estate industry companies that are economically tied to countries outside the United States, as determined by the provider of the index). 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 Fund’s securities are denominated in foreign currencies and held outside the United States.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.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’s benchmark index is the FTSE EPRA Nareit Developed Index (Net, USD, Unhedged).
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GARVX - Performance
Return Ranking - Trailing
| Period | GARVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -10.2% | 31.9% | 63.58% |
| 1 Yr | 9.9% | -8.5% | 35.7% | 60.12% |
| 3 Yr | -4.3%* | -17.7% | 17.0% | 61.68% |
| 5 Yr | 0.4%* | -10.3% | 14.9% | 70.55% |
| 10 Yr | N/A* | -2.9% | 10.5% | 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% | 2.91% |
| 2022 | -30.0% | -39.5% | 4.5% | 76.05% |
| 2021 | 23.5% | -0.9% | 30.7% | 19.63% |
| 2020 | -7.9% | -19.7% | 13.7% | 67.48% |
| 2019 | 13.4% | 1.0% | 26.5% | 62.96% |
Total Return Ranking - Trailing
| Period | GARVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.5% | -10.2% | 31.9% | 63.58% |
| 1 Yr | 9.9% | -8.5% | 35.7% | 60.12% |
| 3 Yr | -4.3%* | -17.7% | 17.0% | 61.68% |
| 5 Yr | 0.4%* | -10.3% | 14.9% | 70.55% |
| 10 Yr | N/A* | -2.9% | 10.5% | 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% | 5.81% |
| 2022 | -27.8% | -39.5% | 10.1% | 94.01% |
| 2021 | 26.5% | 5.7% | 101.8% | 52.76% |
| 2020 | -6.3% | -17.8% | 14.7% | 76.07% |
| 2019 | 22.1% | 4.3% | 37.2% | 72.22% |
NAV & Total Return History
GARVX - Holdings
Concentration Analysis
| GARVX | Category Low | Category High | GARVX % Rank | |
|---|---|---|---|---|
| Net Assets | 149 M | 4.27 M | 7.48 B | 72.51% |
| Number of Holdings | 65 | 5 | 691 | 52.87% |
| Net Assets in Top 10 | 21.5 M | 2.13 M | 4.55 B | 79.31% |
| Weighting of Top 10 | 35.07% | 20.1% | 63.7% | 75.72% |
Top 10 Holdings
- Prologis Inc 7.26%
- Equinix Inc 5.61%
- Welltower Inc 4.77%
- AvalonBay Communities Inc 2.87%
- VICI Properties Inc 2.67%
- Extra Space Storage Inc 2.61%
- Goodman Group 2.58%
- Public Storage 2.37%
- Invitation Homes Inc 2.25%
- Ventas Inc 2.08%
Asset Allocation
| Weighting | Return Low | Return High | GARVX % Rank | |
|---|---|---|---|---|
| Stocks | 98.32% | 3.62% | 126.54% | 69.54% |
| Cash | 1.68% | 0.00% | 11.23% | 41.38% |
| Preferred Stocks | 0.00% | 0.00% | 7.25% | 33.91% |
| Other | 0.00% | -33.49% | 101.32% | 52.30% |
| Convertible Bonds | 0.00% | 0.00% | 0.07% | 27.17% |
| Bonds | 0.00% | 0.00% | 22.09% | 31.03% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GARVX % Rank | |
|---|---|---|---|---|
| Real Estate | 96.79% | 72.53% | 100.00% | 61.54% |
| Technology | 1.34% | 0.00% | 4.92% | 11.83% |
| Consumer Cyclical | 1.06% | 0.00% | 13.03% | 23.67% |
| Communication Services | 0.81% | 0.00% | 10.08% | 42.60% |
| Utilities | 0.00% | 0.00% | 0.96% | 30.18% |
| Industrials | 0.00% | 0.00% | 4.91% | 42.01% |
| Healthcare | 0.00% | 0.00% | 1.54% | 36.09% |
| Financial Services | 0.00% | 0.00% | 9.53% | 40.24% |
| Energy | 0.00% | 0.00% | 0.11% | 27.22% |
| Consumer Defense | 0.00% | 0.00% | 0.18% | 28.99% |
| Basic Materials | 0.00% | 0.00% | 1.63% | 31.95% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GARVX % Rank | |
|---|---|---|---|---|
| US | 63.71% | 0.00% | 102.76% | 43.10% |
| Non US | 34.61% | 0.00% | 99.07% | 64.37% |
GARVX - Expenses
Operational Fees
| GARVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.32% | 0.10% | 36.96% | 52.30% |
| Management Fee | 0.93% | 0.09% | 1.50% | 86.13% |
| 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% | 47.62% |
GARVX - Distributions
Dividend Yield Analysis
| GARVX | Category Low | Category High | GARVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.35% | 0.00% | 5.52% | 15.52% |
Dividend Distribution Analysis
| GARVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| GARVX | Category Low | Category High | GARVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.18% | -0.23% | 3.84% | 62.94% |
Capital Gain Distribution Analysis
| GARVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 27, 2024 | $0.084 | OrdinaryDividend |
| Mar 27, 2024 | $0.157 | OrdinaryDividend |
| Sep 28, 2023 | $0.065 | OrdinaryDividend |
| Jun 29, 2023 | $0.059 | OrdinaryDividend |
| Mar 30, 2023 | $0.046 | OrdinaryDividend |
| Dec 13, 2022 | $0.130 | OrdinaryDividend |
| Sep 29, 2022 | $0.081 | OrdinaryDividend |
| Jun 29, 2022 | $0.057 | OrdinaryDividend |
| Mar 30, 2022 | $0.027 | OrdinaryDividend |
| Dec 20, 2021 | $0.143 | OrdinaryDividend |
| Sep 29, 2021 | $0.047 | OrdinaryDividend |
| Jun 29, 2021 | $0.076 | OrdinaryDividend |
| Mar 30, 2021 | $0.018 | OrdinaryDividend |
| Dec 14, 2020 | $0.022 | OrdinaryDividend |
| Sep 29, 2020 | $0.060 | OrdinaryDividend |
| Jun 29, 2020 | $0.049 | OrdinaryDividend |
| Mar 30, 2020 | $0.028 | OrdinaryDividend |
| Dec 20, 2019 | $0.441 | OrdinaryDividend |
| Dec 12, 2019 | $0.076 | CapitalGainShortTerm |
| Dec 12, 2019 | $0.226 | CapitalGainLongTerm |
| Sep 27, 2019 | $0.063 | OrdinaryDividend |
| Mar 28, 2019 | $0.027 | OrdinaryDividend |
| Dec 21, 2018 | $0.054 | OrdinaryDividend |
| Jun 28, 2018 | $0.087 | OrdinaryDividend |
| Mar 28, 2018 | $0.059 | OrdinaryDividend |
| Dec 22, 2017 | $0.128 | OrdinaryDividend |
| Dec 11, 2017 | $0.001 | CapitalGainLongTerm |
| Sep 28, 2017 | $0.065 | OrdinaryDividend |
| Jun 29, 2017 | $0.040 | OrdinaryDividend |
| Mar 30, 2017 | $0.056 | OrdinaryDividend |
| Dec 22, 2016 | $0.189 | OrdinaryDividend |
| Dec 09, 2016 | $0.155 | CapitalGainShortTerm |
| Dec 09, 2016 | $0.024 | CapitalGainLongTerm |
| Sep 29, 2016 | $0.057 | OrdinaryDividend |
| Jun 29, 2016 | $0.066 | OrdinaryDividend |
| Mar 30, 2016 | $0.031 | OrdinaryDividend |
| Dec 23, 2015 | $0.128 | OrdinaryDividend |
| Dec 10, 2015 | $0.014 | CapitalGainShortTerm |
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 | 7.12 | 10.42 |
