Investment objective & strategy
As of Feb. 26, 2026 · prospectusObjective. The Goldman Sachs International Equity Income Fund (the Fund) seeks long-term capital appreciation and growth of income.
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 of dividend-paying non-U.S. issuers. 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 expects to invest a substantial portion of its assets in the securities of issuers located in the developed countries of Western Europe and in Australia, Japan and New Zealand. In addition, the Fund may … 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 of dividend-paying non-U.S. issuers. 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 expects to invest a substantial portion of its assets in the securities of issuers located in the developed countries of Western Europe and in Australia, Japan and New Zealand. In addition, the Fund may also invest in the securities of issuers located in emerging countries. The Funds investments in a particular developed country may exceed 25% of its investment portfolio. The Funds investments are selected using an investment philosophy and a valuation discipline designed to identify what the Investment Adviser believes are well-positioned, cash-generating businesses run by shareholder-oriented management teams. The Investment Adviser employs a fundamental investment process that may integrate environmental, social and governance (ESG) factors alongside traditional fundamental factors. No one factor or consideration is determinative in the stock selection process. The Fund may also invest 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| Security | Ticker | Value | % of fund |
|---|---|---|---|
| HSBC HOLDINGS PL | — | $125.66M | 3.59% |
| NATIONAL GRID PL | — | $119.12M | 3.40% |
| SUMITOMO MITSUI FINL GROUP INC | — | $111.48M | 3.19% |
| SCHNEIDER ELECTR | — | $110.36M | 3.15% |
| RIO TINTO PLC | — | $110.05M | 3.15% |
| SIEMENS AG-REG | — | $109.45M | 3.13% |
| ING GROEP NV | — | $108.96M | 3.11% |
| ASTRAZENECA PLC | — | $105.84M | 3.03% |
| COCA-COLA EUROPA | — | $103.00M | 2.94% |
| KONINKLIJKE AHOL | — | $102.78M | 2.94% |
Portfolio moves
Jan 31, 2026 → Apr 30, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| International Value Fund · VCFVX | 52% | 0.81% |
| Goldman Sachs International Equity ESG Fund · GSIEX, GSISX, GSIFX, GSICX, GIRNX, GSIWX, GTFPX | 50% | 0.81% |
| Allspring International Equity Fund · WFEAX, WFEFX, WFEDX, WFENX, WFEHX | 36% | 0.79% |
Advisers
| Firm | Role |
|---|---|
| Goldman Sachs Asset Management, L.P. | Adviser |
Footnotes
- Expense ratio as of February 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- 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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