| Ticker: | GREAX |
| Manager: | Timothy Ryan |
| Manager Since: | 10/10 |
| NAV (05/22/2013): | 17.63 |
| Objective: | Equity - Sector Real Est |
| Peer: | RE MB |
| Net Assets ($mil): | 68.43 |
| Inception: | 07/27/1998 |
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.
| Stocks | 98.09% |
| Foreign Stocks | 1.18% |
| Cash | 0.00% |
| Bonds | 0.00% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | 1.91% |
| Foreign Hedged | 0.00% |
| Large Growth | 11.52% |
| Large Value | 0.00% |
| Small Growth | 0.00% |
| Small Value | 5.05% |
| Foreign Stock | 11.52% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 18.02% |
| Foreign Bond | 18.73% |
| Beta v. S&P 500 | 1.07 |
| Beta v. EAFE | 0.04 |
| Beta v. Barclays Agg Bond | 2.50 |
| Alpha 3 Yr | 4.48 |
| Alpha 5 Yr | 0.94 |
| R-Sq 3 Yr | 0.68 |
| R-Sq 5 Yr | 0.69 |
| Std Dev 3 Yr | 17.21 |
| Std Dev 5 Yr | 32.04 |
| Sharpe 3 Yr | 1.05 |
| Sharpe 5 Yr | 0.34 |
| Expense Ratio | 1.44 |
| % Max Load | 5.50 |
| % Min Load | 0.00 |
| % Deferred Load | NA |
| % Redemption | NA |
| % Max 12 B1 Fee | 0.25 |
| % Max Mgt Fee | 1.00 |
| Min Initial Investment | 1000 |
| Min Subsequent Investment | 50 |
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 13.98 | 17.29 | 18.04 | 22.40 | 15.50 | 8.25 | 9.99 | 12.47 | 13.48 | 15.44 | 17.63 |
| Total Return (%) | 39.25 | 36.12 | 13.48 | 34.23 | -15.96 | -40.97 | 26.53 | 27.06 | 9.78 | 16.15 | 13.71 |
| Annual Dividend Yield (%) | 2.85 | 2.88 | 2.20 | 1.29 | 1.56 | 4.05 | 2.78 | 1.48 | 1.39 | 1.27 | 1.22 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 105.62 | 252.47 | 85.90 | 184.39 | -214.62 | -39.65 | 1.16 | 120.05 | 76.87 | 1.62 | 9.69 |
| Rel Performance-Obj.Ret.(%) | 30.46 | 43.04 | 20.91 | 15.22 | 1.46 | -2.00 | -52.37 | 37.18 | 92.83 | -62.53 | 15.49 |
| Ret.Quintile vs Obj(1 is best) | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 2 | 1 | 4 | 2 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 188 | 40 | 281 | 443 | 317 | 130 | 138 | 161 | 167 | 63 | 68 |
| Annual Turnover (%) | 17.00 | 30.00 | 0.00 | 30.00 | 42.00 | 39.00 | 114.00 | 59.00 | 46.00 | 40.00 | 0.00 |
| Annual Dividend Paid ($) | 0.42 | 0.55 | 0.44 | 0.32 | 0.30 | 0.37 | 0.29 | 0.19 | 0.19 | 0.20 | 0.10 |
| Annual Capital Gains Paid($) | 0.16 | 1.03 | 1.09 | 1.45 | 3.14 | 0.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 7.05% | 10.14% | 17.43% | 13.71% | 16.18% | 16.60% | 5.24% | 12.12% | NA | NA |
| Ret. Percentile vs. Obj. (1 is best) | 17 | 31 | 45 | 22 | 72 | 13 | 46 | 34 | NA | NA |
| Average Price/Earnings | 28.98 |
| Average Price/Book | 2.47 |
| Average EPS Growth | 27.10 |
| Average Market Value | 12,169.00 |
| Name | Weight | Shares |
|---|---|---|
| SIMON PROPERTY GROUP INC | 12.08 | 354,926 |
| AVALONBAY COMMUNITIES | 5.22 | 178,839 |
| VENTAS INC | 4.98 | 357,521 |
| PUBLIC STORAGE | 4.78 | 153,263 |
| VORNADO REALTY TRUST | 2.95 | 170,968 |
| HCP INC | 3.87 | 397,885 |
| BOSTON PROPERTIES INC | 3.75 | 164,448 |
| DIGITAL REALTY TRUST INC | 3.09 | 211,537 |
| HEALTH CARE REIT INC | 4.46 | 338,100 |