GGIDX
Goldman Sachs Global Infrastructure Fund
Goldman Sachs Trust
Expense ratio1
0.97%
Net assets2
$130.11M
Holdings2
50
Category
International Equity
2025 return3
15.36%

Investment objective & strategy

As of April 29, 2025 · prospectus

Objective. The Goldman Sachs Global Infrastructure Fund (the "Fund") seeks total return comprised of long-term growth of capital and income.

Strategy. 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 investments in issuers that are engaged in or related to the infrastructure group of industries (infrastructure companies). The Fund will invest primarily in the common stock of infrastructure companies. An issuer is engaged in or related to the infrastructure group of industries if it is involved in the ownership, development, construction, renovation, financing, management, sale or operation of infrastructure assets, or that provide the services and raw materials necessary for the construction and maintenance of infrastructure assets. Infrastructure assets include, but are not limited to, utilities, energy, transportation, real estate, … 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 investments in issuers that are engaged in or related to the infrastructure group of industries (infrastructure companies). The Fund will invest primarily in the common stock of infrastructure companies. An issuer is engaged in or related to the infrastructure group of industries if it is involved in the ownership, development, construction, renovation, financing, management, sale or operation of infrastructure assets, or that provide the services and raw materials necessary for the construction and maintenance of infrastructure assets. Infrastructure assets include, but are not limited to, utilities, energy, transportation, real estate, media, telecommunications and capital goods. The Fund will invest in the securities of infrastructure companies that are economically tied to at least three countries, including the United States. Although the Fund will invest, under normal circumstances, primarily in the securities of infrastructure companies that are economically tied to developed countries (namely developed countries in North America and Europe), the Fund may also invest in the securities of infrastructure companies that are economically tied to countries with emerging markets or economies (emerging countries). The Fund may invest without restriction as to issuer capitalization (including small- and mid-capitalization companies). A portion of the Funds securities are denominated in foreign currencies and held outside the United States. The Fund may invest in real estate investment trusts (REITs). The Fund may also invest up to 20% of its total assets (measured at time of purchase) in master limited partnerships (MLPs) that are taxed as partnerships and up to 20% of its Net Assets (measured at time of purchase) in issuers that are not infrastructure companies. Exchange-traded funds (ETFs) that provide exposure to infrastructure companies and derivative instruments, such as futures, that have similar economic exposures to infrastructure companies will be counted towards the Funds 80% policy discussed above. The Funds investment strategy combines bottom-up company analysis with fundamental real asset research. The Investment Adviser may integrate environmental, social and governance (ESG) factors alongside traditional fundamental factors as part of its fundamental research process. No one factor or consideration is determinative in the stock selection process. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations or for risk management purposes. The Fund concentrates its investments in the securities of issuers in the infrastructure group of industries. The Investment Adviser measures the Funds performance against the Dow Jones Brookfield Global Infrastructure Index (Net, USD, Unhedged). 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.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
ENBRIDGE INC $10.53M 8.09%
NATIONAL GRID PL $8.37M 6.43%
AMERICAN TOWER CORP $7.16M 5.50%
VINCI SA $6.93M 5.33%
CHENIERE ENERGY INC $5.28M 4.06%
TARGA RESOURCES CORP $5.19M 3.99%
WILLIAMS COS INC $4.82M 3.70%
TC ENERGY CORP $3.84M 2.95%
PG&E CORP $3.81M 2.93%
SEMPRA ENERGY $3.67M 2.82%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
1
Exited
4
Increased
44
Decreased
5
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
ProShares DJ Brookfield Global Infrastructure ETF · TOLZ 65% 0.46%
DWS RREEF Global Infrastructure Fund · TOLLX, TOLCX, TOLSX, TOLIX, TOLZX 61% 0.95%
PGIM Jennison Global Infrastructure Fund · PGJAX, PGJCX, PGJZX, PGJQX 43% 1.17%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Goldman Sachs Asset Management, L.P. Adviser

Footnotes

  1. Expense ratio as of April 29, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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