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Trending ETFs

Goldman Sachs Real Estate Securities Fund

mutual fund
GRERX
Payout Change
Pending
Price as of:
$12.09 -0.15 -1.23%
primary theme
Real Estate Sector Equity
share class
C (GRECX) R6 (GREUX) P (GMJPX) A (GREAX) S (GRESX) R (GRERX) Investor (GRETX) Instl (GREIX)
GRERX (Mutual Fund)

Goldman Sachs Real Estate Securities Fund

Payout Change
Pending
Price as of:
$12.09 -0.15 -1.23%
primary theme
Real Estate Sector Equity
share class
C (GRECX) R6 (GREUX) P (GMJPX) A (GREAX) S (GRESX) R (GRERX) Investor (GRETX) Instl (GREIX)
GRERX (Mutual Fund)

Goldman Sachs Real Estate Securities Fund

Payout Change
Pending
Price as of:
$12.09 -0.15 -1.23%
primary theme
Real Estate Sector Equity
share class
C (GRECX) R6 (GREUX) P (GMJPX) A (GREAX) S (GRESX) R (GRERX) Investor (GRETX) Instl (GREIX)

Name

As of 12/10/2024

Price

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

Goldman Sachs Real Estate Securities Fund

GRERX | Fund

$12.09

$99 M

1.98%

$0.24

1.79%

Vitals

YTD Return

10.1%

1 yr return

17.1%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

4.3%

Net Assets

$99 M

Holdings in Top 10

61.5%

52 WEEK LOW AND HIGH

$12.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.79%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/10/2024

Price

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

Goldman Sachs Real Estate Securities Fund

GRERX | Fund

$12.09

$99 M

1.98%

$0.24

1.79%

GRERX - Profile

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.93%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Goldman Sachs Real Estate Securities Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Nov 30, 2007
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy Ryan

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”). 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 diversified geographically and by property type. Although the Fund will invest primarily in publicly traded U.S. securities, it may invest up to 15% of its total assets in foreign securities, including securities quoted in foreign currencies.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 total assets in fixed income investments, such as government, corporate and bank debt obligations and in other equity investments. 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 Fund’s benchmark index is the Wilshire U.S. Real Estate Securities Index.
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GRERX - Performance

Return Ranking - Trailing

Period GRERX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -6.4% 22.4% 51.26%
1 Yr 17.1% -7.5% 30.3% 44.96%
3 Yr -1.2%* -12.5% 5.4% 48.31%
5 Yr 4.3%* -12.1% 14.8% 56.76%
10 Yr 4.3%* -2.0% 14.2% 76.25%

* Annualized

Return Ranking - Calendar

Period GRERX Return Category Return Low Category Return High Rank in Category (%)
2023 11.7% -16.2% 24.6% 10.97%
2022 -31.4% -51.3% 2.5% 58.05%
2021 34.7% -7.7% 52.3% 33.19%
2020 -17.0% -42.2% 35.0% 86.94%
2019 5.0% 0.0% 43.1% 92.09%

Total Return Ranking - Trailing

Period GRERX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -6.4% 22.4% 51.26%
1 Yr 17.1% -7.5% 30.3% 44.96%
3 Yr -1.2%* -12.5% 5.4% 48.31%
5 Yr 4.3%* -12.1% 14.8% 56.76%
10 Yr 4.3%* -2.0% 14.2% 76.25%

* Annualized

Total Return Ranking - Calendar

Period GRERX Return Category Return Low Category Return High Rank in Category (%)
2023 16.3% -13.7% 25.0% 6.75%
2022 -28.2% -40.7% 7.8% 81.36%
2021 43.8% 7.8% 54.6% 23.83%
2020 -8.0% -36.6% 44.3% 79.28%
2019 24.5% 4.1% 46.4% 71.16%

NAV & Total Return History

GRERX - Holdings

Concentration Analysis

GRERX Category Low Category High GRERX % Rank
Net Assets 99 M 2.26 M 61.4 B 81.82%
Number of Holdings 35 22 548 77.73%
Net Assets in Top 10 59.3 M 1.29 M 32.8 B 79.41%
Weighting of Top 10 61.46% 13.2% 82.2% 12.18%

Top 10 Holdings

  1. Prologis Inc 12.80%
  2. Equinix Inc 9.77%
  3. Welltower Inc 7.91%
  4. Public Storage 6.31%
  5. Extra Space Storage Inc 4.86%
  6. AvalonBay Communities Inc 4.85%
  7. Simon Property Group Inc 4.58%
  8. Digital Realty Trust Inc 3.84%
  9. Ventas Inc 3.38%
  10. Invitation Homes Inc 3.16%

Asset Allocation

Weighting Return Low Return High GRERX % Rank
Stocks 		98.79% 0.00% 100.25% 58.82%
Cash 		1.21% -42.50% 24.34% 42.86%
Preferred Stocks 		0.00% 0.00% 31.13% 71.01%
Other 		0.00% -82.45% 106.21% 69.33%
Convertible Bonds 		0.00% 0.00% 10.95% 67.09%
Bonds 		0.00% 0.00% 149.68% 69.33%

Stock Sector Breakdown

Weighting Return Low Return High GRERX % Rank
Real Estate 		100.00% 34.46% 100.00% 25.66%
Utilities 		0.00% 0.00% 3.55% 64.16%
Technology 		0.00% 0.00% 12.02% 72.12%
Industrials 		0.00% 0.00% 7.39% 69.03%
Healthcare 		0.00% 0.00% 0.53% 65.04%
Financial Services 		0.00% 0.00% 37.05% 70.35%
Energy 		0.00% 0.00% 33.11% 65.93%
Communication Services 		0.00% 0.00% 11.61% 69.47%
Consumer Defense 		0.00% 0.00% 0.93% 64.60%
Consumer Cyclical 		0.00% 0.00% 45.29% 78.32%
Basic Materials 		0.00% 0.00% 13.69% 66.37%

Stock Geographic Breakdown

Weighting Return Low Return High GRERX % Rank
US 		98.79% 0.00% 100.25% 54.62%
Non US 		0.00% 0.00% 37.90% 68.07%

GRERX - Expenses

Operational Fees

GRERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.79% 0.07% 8.91% 25.11%
Management Fee 0.87% 0.00% 1.50% 77.73%
12b-1 Fee 0.50% 0.00% 1.00% 71.55%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GRERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GRERX 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.

GRERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.11% 380.00% 44.59%

GRERX - Distributions

Dividend Yield Analysis

GRERX Category Low Category High GRERX % Rank
Dividend Yield 1.98% 0.00% 13.03% 66.39%

Dividend Distribution Analysis

GRERX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

GRERX Category Low Category High GRERX % Rank
Net Income Ratio 0.93% -1.14% 6.05% 59.57%

Capital Gain Distribution Analysis

GRERX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

GRERX - Fund Manager Analysis

Managers

Timothy Ryan

Start Date

Tenure

Tenure Rank

Oct 26, 2010

11.6

11.6%

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

5.09

5.1%

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
0.01 28.42 8.32 16.42

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