Fund Evaluator:
Goldman Sachs Global Infras Inv (GGINX)
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Best Performing in Infrastructure Over the Last Year
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| 14.9% | Northern Multi-Mgr Glbl Listed Infra (NMFIX) |
| 12.9% | Goldman Sachs Global Infras Inv (GGINX) |
Fund Details
Goldman Sachs Global Infras Inv Overview
Goldman Sachs Global Infras Inv (GGINX) is an actively managed Sector Equity Infrastructure fund. Goldman Sachs launched the fund in 2016.
The investment seeks total return comprised of long-term growth of capital and income. The fund invests normally at least 80% of its net assets plus any borrowings for investment purposes in a portfolio of investments in issuers that are engaged in or related to the infrastructure group of industries ("infrastructure companies"). It may also invest up to 20% of its total assets in master limited partnerships ("MLPs") and up to 20% of its net assets in issuers that are not infrastructure companies. The fund is non-diversified.
About Goldman Sachs Global Infras Inv (GGINX)
There are 3 members of the management team with an average tenure of 4.19 years: Matthew Cooper (2025), Kristin Kuney (2020), Abhinav Zutshi (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and DJ Brookfld Global Infra NR USD index with a weighting of 100%. Goldman Sachs Global Infras Inv has 50 securities in its portfolio. The top 10 holdings constitute 46.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Goldman Sachs Global Infras Inv is part of the Equity global asset class and is within the Sector Equity fund group. Goldman Sachs Global Infras Inv has 49.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 50.2%. There is 49.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Goldman Sachs Global Infras Inv has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $448 million in total assets, which is below the $318 million average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GGINX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Global Infras Inv expense ratio is high compared to funds in the Infrastructure category. Goldman Sachs Global Infras Inv has an expense ratio of 0.97%, which is 18% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Global Infras Inv has a portfolio turnover rate of 19%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of June 2026, Goldman Sachs Global Infras Inv returned 0.2%, which earned it a grade of D, as the Infrastructure category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Goldman Sachs Global Infras Inv has a trailing yield of 2.14%, which is above the 1.96% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Goldman Sachs Global Infras Inv Grades
Year to date, the fund has returned 10.7%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 12.9% over the past year (grade of F), 13.8% over the past three years (grade of C) and 7.9% per year over the past five years (grade of D) and 7.2% per year over the past 10 years (grade of D).
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GGINX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GGINX Return (NAV) | 0.2% | -0.4% | 12.9% | 13.8% | 7.9% | 7.2% |
| GGINX Grade | D | D | F | C | D | D |
| +/- Category | -0.6% | -1.4% | -2.3% | 0.5% | -0.4% | -0.6% |
| Infrastructure Avg | 0.8% | 1.0% | 15.2% | 13.3% | 8.3% | 7.8% |
| GGINX Tax Cost Ratio | na | na | 2.0% | 2.3% | 1.7% | 1.3% |
GGINX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GGINX Return (NAV) | 10.7% | 15.5% | 11.3% | 5.0% | -7.4% | 16.5% | -3.8% | 31.5% | -9.0% | 12.6% | na |
| GGINX Grade | C | D | B | B | D | B | F | A | D | F | na |
| +/- Category | 0.0% | -2.8% | 2.3% | 0.7% | -0.8% | 2.0% | -3.2% | 4.3% | -1.5% | -4.5% | na |
| Infrastructure Avg | 10.7% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 13.5% |
| Total Risk Index: | 1.11 - Above Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (68% Rank) |
| Beta: | 0.51 |
| R-Squared: | 23% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 2.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $133 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 19% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 6.2 years | |||
| Average Tenure: 4.2 years | |||
| Managers (Year): Kuney Kristin (2020), Zutshi Abhinav (2021), Cooper Matthew (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 50 |
| % in Top 10 Holdings: | 46.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 49.8% |
Portfolio Allocation |
|
| Domestic Stock: | 50.2% |
| Foreign Stock: | 49.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-526-7384 |
| Website: | www.goldmansachsfunds.com |
| Status: | Open |
| Inception Date: | June 27, 2016 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.97% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Goldman Sachs Global Infras R6 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
