GREAX : GOLDMAN SACHS REAL ESTATE SEC A

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ZACKS RANK: 1 - STRONG BUY

Ticker: GREAX
Manager: Timothy Ryan
Manager Since: 01/10
NAV (07/28/2014): 18.45
Objective: Real Estate - Equity
Peer: RE MB
Net Assets ($mil): 51.60
Inception: 07/27/1998
GREAX : Description

The fund was incepted in July 1998 and is managed by Goldman Sachs Asset Management. The objective of the fund is to seek total return comprised of long-term growth of capital and dividend income. The fund invests, under normal circumstances, substantially all and at least 80% of its net assets in a diversified portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry. The fund expects that a substantial portion of its assets will be invested in REITs and real estate industry companies. Although the fund invests primarily in publicly traded U.S. securities, it may invest up to 15% of its total assets in foreign securities, including securities of issuers in emerging countries and securities quoted in foreign currencies. Dividends are distributed quarterly. Capital gains are distributed annually.

GREAX : Composition - 07/14
Stocks 97.52%
Foreign Stocks 0.00%
Cash 0.00%
Bonds 0.00%
Foreign Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 2.48%
Foreign Hedged 0.00%
Composition Horizontal Bar Chart
GREAX : Style Analysis - 07/14
Large Growth 0.00%
Large Value 0.00%
Small Growth 0.00%
Small Value 7.16%
Foreign Stock 0.00%
Emerging Market 0.00%
Precious Metals 0.00%
Intermediate Bond 19.69%
High Yield Bond 0.00%
Foreign Bond 0.00%
Style Analysis Horizontal Bar Chart
GREAX : Risk Analysis
Beta v. S&P 500 0.87
Beta v. EAFE 0.17
Beta v. Barclays Agg Bond 2.48
Alpha 3 Yr -2.61
Alpha 5 Yr 4.52
R-Sq 3 Yr 0.48
R-Sq 5 Yr 0.56
Std Dev 3 Yr 16.38
Std Dev 5 Yr 17.80
Sharpe 3 Yr 0.79
Sharpe 5 Yr 1.40
GREAX : Fees
Expense Ratio 1.41
% Max Load 5.50
% Min Load 0.00
% Deferred Load NA
% Redemption NA
% Max 12 B1 Fee 0.25
% Max Mgt Fee 1.00
GREAX : Purchase Choices:
Min Initial Investment 1000
Min Subsequent Investment 50
GREAX : Returns Analysis - Annual

Line chart

  2004200520062007200820092010201120122013YTD
NAV ($) 17.2918.0422.4015.508.259.9912.4713.4815.4415.5418.45
Total Return (%) 36.1213.4834.23-15.96-40.9726.5327.069.7816.152.1217.48
Annual Dividend Yield (%) 2.882.201.291.564.052.781.481.391.271.431.40
Relative Performance
Rel Performance-S&P500(%) 252.4785.90184.39-214.62-39.651.16120.0576.871.62-302.53103.74
Rel Performance-Obj.Ret.(%) 43.0420.9115.221.46-2.00-52.3737.1892.83-62.533.1537.57
Ret.Quintile vs Obj(1 is best) 12333421431
Turnover, Yields, and Gains
Fund Assets Net($mil) 40281443317130138161167635252
Annual Turnover (%) 30.000.0030.0042.0039.00114.0059.0046.0040.0061.000.00
Annual Dividend Paid ($) 0.550.440.320.300.370.290.190.190.200.230.19
Annual Capital Gains Paid($) 1.031.091.453.140.580.000.000.000.000.000.00
GREAX : Returns Analysis - Trailing Total Return
  1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year
Total Return (through 07/14) 1.20% 7.30% 17.48% 17.48% 13.76% 11.56% 23.12% 8.98% 10.75% NA
Ret. Percentile vs. Obj. (1 is best) 48 35 15 15 38 10 17 39 34 NA
GREAX : Stock Portfolio Snapshot - 07/14
Average Price/Earnings 34.37
Average Price/Book 5.27
Average EPS Growth 16.50
Average Market Value 22,272.00
GREAX : Stock Sector Breakout - 07/14
Stock Sector Breakout
GREAX : Top Holdings - 07/14
Name Weight Shares
SIMON PROPERTY GROUP INC 11.58 378,973
AVALONBAY COMMUNITIES INC 5.55 226,681
PROLOGIS INC 4.71 618,523
VENTAS INC 4.57 405,331
SL GREEN REALTY CORP 2.56 136,693
BOSTON PROPERTIES INC 3.82 179,111
VORNADO REALTY TRUST 2.88 156,824
CAMDEN PROPERTY TRUST 2.68 213,811
PUBLIC STORAGE 4.34 138,137