Mutual Fund Insights: Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

In-depth Analysis of Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

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See Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) performance details as of January 31, 2010

  

Last Trade: $6.01 on 3/18/2010, Change: -0.02 (-0.33%)

  

Fund Manager - David Kruth

Fund Manager Tenure: 3.6 years   [Similar Funds: GIRCX  GIRIX  GIRTX ]
Fundmojo Fund Grade: D (Score: 0.46)     (What does this score mean?)

Kruth is a senior portfolio manager with Goldman Sachs, his employer since April 2005. Previously, he worked for nearly 8 years at Citigroup and AllianceBernstein as portfolio manager and senior equity analyst for the global real estate securities funds. For 9 years prior to this, David worked at Lend Lease Real Estate Investments (aka. The Yarmouth Group) where he made investments in commercial and retail property directly and through private operating companies.  Get more insights on David Kruth

  

 What we like about Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

Data for Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) as of January 31, 2010

• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) management has been with Goldman Sachs Intl Real Estate Sec A Fund for 3.6 years
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) is less volatile than its peers as it has a 3-year Standard Deviation of 27.38, lower than category average of 29.8
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) has a lower management fee than its Global Real Estate average: 1.53% vs 1.54%

  

 What we are cautious about Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

Data for Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) as of January 31, 2010

• Goldman Sachs Intl Real Estate Sec A Fund is a focused fund with 42.66% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) has a less-than-ideal short-term performance (1-year return 41.64% vs 47.97% Global Real Estate category average)
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) has a less-than-ideal mid-term performance (3-year return -16.96% vs -15.77% Global Real Estate category average)
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) ratio of up-years vs down years can be improved
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) has a Morningstar rating of 3 and below
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) is less safe compared to its Global Real Estate peers
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) has an annual stock turnover rate of 96.00% that is higher than the Global Real Estate average of 69.72%. This could mean Goldman Sachs Intl Real Estate Sec A is more nimble, but also signal potential high tax impact and high trading fees
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) does not have a good risk adjusted return as its 3-year Alpha of -9.09 is worse than category average of -6.74, and its 3-year Sharpe ratio is -0.61
• Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) carries a 5.5% load

See Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) performance details as of January 31, 2010

  

  

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Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) Net Asset

Track net asset change of Goldman Sachs Intl Real Estate Sec A fund (GIRAX)

Date	Net Asset
01/2010	$121.63M
11/2009	$129.91M
10/2009	$129.61M

More historic net asset information on Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

  

Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) Portfolio Allocation

Track portfolio allocation change of Goldman Sachs Intl Real Estate Sec A fund (GIRAX)

Date	Cash	Stock	Bond	Other
09/2009	5.75%	92.77%	0%	1.49%
06/2009	0.32%	97.8%	0%	1.88%
03/2009	1.21%	98.52%	0%	0.27%

Click here to see more historic asset allocation information on Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

  

Most Recent Top 10 Holdings in Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

Discover what Goldman Sachs Intl Real Estate Sec A Fund (GIRAX) manager is buying

30-Sep-09 UNILEVER PLC AMER [7.19%] Sun Hung Kai Properties, Ltd. [6.63%] Mitsui Fudosan Co., Ltd. [5.27%] WESTERN DIGITAL CP [4.47%] Mitsubishi Estate [3.71%] Henderson Land Development Co. Ltd. [3.56%] Sumitomo Realty & Development Co., Ltd. [3.25%] LAND SECURITIES GROUP PLC [3.05%] CapitaLand Limited [2.95%] Dexus Ppty Grp [2.58%]

30-Jun-09 Sun Hung Kai Properties, Ltd. [9.03%] Mitsui Fudosan Co., Ltd. [7.82%] UNILEVER PLC AMER [7.12%] Mitsubishi Estate [4.91%] Sumitomo Realty & Development Co., Ltd. [3.99%] WESTERN DIGITAL CP [3.36%] Henderson Land Development Co. Ltd. [3.3%] LAND SECURITIES GROUP PLC [2.86%] COLFAX CORPORATION [2.84%] Dexus Ppty Grp [2.69%]

31-Mar-09 Unibail-rodamco [9.95%] Sun Hung Kai Properties, Ltd. [8.52%] Mitsui Fudosan Co., Ltd. [6.74%] CapitaMall Tr [3.86%] Mitsubishi Estate [3.8%] CFS Retail Property Trust [3.55%] Commonwealth Property Office Fund [3.53%] Hysan Development Co. Ltd. [3.29%] Nippon Building Fund [3.23%] Hufvudstaden AB [3.12%]

Click here for Stock Holding Change Map in Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

  

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See more information on Goldman Sachs Intl Real Estate Sec A Fund (GIRAX)

• Goldman Sachs Intl Real Estate Sec A Fund Insights
• Goldman Sachs Intl Real Estate Sec A Fund Performance Data
• Goldman Sachs Intl Real Estate Sec A Fund News
• Goldman Sachs Intl Real Estate Sec A Fund Score Explaination
• Goldman Sachs Intl Real Estate Sec A Fund Manager Information
• Historic Goldman Sachs Intl Real Estate Sec A Fund Asset Allocation Report
• Historic Goldman Sachs Intl Real Estate Sec A Fund Top 10 Holding Tracking
• Historic Goldman Sachs Intl Real Estate Sec A Fund Asset Under Management Tracking