GSISX
Goldman Sachs International Equity ESG Fund
Goldman Sachs Trust
Expense ratio1
1.32%
Net assets2
$886.53M
Holdings2
43
Category
International Equity
2025 return3
25.23%

Investment objective & strategy

As of Feb. 26, 2026 · prospectus

Objective. The Goldman Sachs International Equity ESG Fund (the Fund) seeks long-term capital appreciation.

Strategy. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (Net Assets) in a diversified portfolio of equity investments in non-U.S. issuers that the Investment Adviser believes adhere to the Funds environmental, social and governance (ESG) criteria. Such equity investments may include exchange-traded funds (ETFs), futures and other instruments with similar economic exposures. The Fund intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in approximately 30-50 companies that are considered by the … The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (Net Assets) in a diversified portfolio of equity investments in non-U.S. issuers that the Investment Adviser believes adhere to the Funds environmental, social and governance (ESG) criteria. Such equity investments may include exchange-traded funds (ETFs), futures and other instruments with similar economic exposures. The Fund intends to have investments economically tied to at least three countries, not including the United States, and may invest in the securities of issuers in emerging market countries. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in approximately 30-50 companies that are considered by the Investment Adviser to be positioned for long-term capital appreciation. The Funds ESG criteria are generally designed to exclude companies that are directly engaged in, and/or derive significant revenue from, certain industries or product lines, including, but not limited to: ? alcohol; ? tobacco; ? gambling; ? adult entertainment; ? for-profit prisons; ? weapons; ? oil and gas exploration and production; ? thermal coal mining; and ? thermal coal power generation. In determining whether a company is directly engaged in, and/or derives significant revenue from, the industries or product lines listed above, the Fund will use revenue thresholds for certain industries or product lines (e.g., companies that derive more than 5% of revenue from tobacco) and categorical exclusions for other industries or product lines (e.g., companies that derive any revenue from controversial weapons) and apply such thresholds and exclusions to data provided by one or more third-party vendor(s). Generally, the highest revenue threshold used will be 5%. The Investment Adviser, in its sole discretion, retains the right not to use data provided by third-party vendors where it deems the data to be not representative of a companys current business operations. In such cases, or where data on specific companies may not be available from third-party vendors, the Investment Adviser may make reasonable estimates or otherwise exercise its discretion. The Funds ESG criteria may be updated periodically to, among other things, add or remove certain industries or product lines from the screening process, revise the revenue thresholds and categorical exclusions applicable to such activities, or change particular industries or product lines from a categorical exclusion to a revenue threshold, or vice versa. Once the Investment Adviser determines that an issuer meets the Funds ESG criteria, the Investment Adviser conducts a supplemental analysis of individual companies corporate governance factors and a range of environmental and social factors that may vary by sector. This supplemental analysis will be conducted alongside traditional fundamental, bottom-up financial analysis of individual companies, using traditional fundamental metrics. The Investment Adviser may engage in active dialogues with company management teams to further inform investment decision-making and to foster best corporate governance practices using its fundamental and ESG analysis. The Fund may invest in a company prior to completion of the supplemental analysis or without engaging with company management. Instances in which the supplemental analysis may not be completed prior to investment include but are not limited to initial public offerings (IPOs), in-kind transfers, corporate actions, and/or certain short-term holdings. The Investment Adviser may sell holdings for several reasons, including, among others, changes in a companys fundamentals or earnings, a company no longer meeting the Funds ESG criteria, or a company otherwise failing to conform to the Investment Advisers investment philosophy. The Fund expects to invest a substantial portion of its assets in the securities of issuers located in the developed countries of Western Europe and in Japan, but may also invest in securities of issuers located in emerging market countries. The Funds investments in a particular developed country may exceed 25% of its investment portfolio. The Fund may also invest up to 20% of its Net Assets in equity investments that may not adhere to the Funds ESG criteria and in fixed income securities, such as government, corporate and bank debt obligations. The Investment Adviser measures the Fund's performance against the MSCI EAFE Index (Net, USD, Unhedged).

Top holdings

As of April 30, 2026 · N-PORT
SecurityTickerValue% of fund
NATIONAL GRID PL $37.10M 4.18%
INFINEON TECH $32.91M 3.71%
ASTRAZENECA PLC $32.83M 3.70%
ZURICH INSURANCE $31.43M 3.55%
SCHNEIDER ELECTR $30.55M 3.45%
SUMITOMO MITSUI FINL GROUP INC $30.00M 3.38%
ASML Holding NV $28.58M 3.22%
IBERDROLA SA $28.14M 3.17%
KONINKLIJKE AHOL $27.75M 3.13%
AIA Group Ltd $26.91M 3.04%
View all holdings →

Allocation by sector

As of April 30, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Jan 31, 2026 → Apr 30, 2026
Opened
4
Exited
4
Increased
7
Decreased
32
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.
Goldman Sachs International Equity Income Fund · GSAKX, GSCKX, GSIKX, GSRKX, GSTKX, GSUKX, GSNPX 50% 0.80%
Calvert International Equity Fund · CWVGX, CWVCX, CWVIX, CIESX 37% 0.85%
Harbor International Compounders ETF · OSEA 34% 0.55%
View all similar funds →

Advisers

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

Footnotes

  1. Expense ratio as of February 26, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of April 30, 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).

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.