Fund Evaluator:

Goldman Sachs International Eq ESG Inv Overview

Goldman Sachs International Eq ESG Inv (GIRNX) is an actively managed International Equity Foreign Large Blend fund. Goldman Sachs launched the fund in 2010.

The investment seeks long-term capital appreciation. The fund invests 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 fund's environmental, social and governance ("ESG") criteria. The Investment Adviser 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.

About Goldman Sachs International Eq ESG Inv (GIRNX)

There are 2 members of the management team with an average tenure of 11.16 years: Alexis Deladerrière (2012), Abhishek Periwal (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. Goldman Sachs International Eq ESG Inv has 44 securities in its portfolio. The top 10 holdings constitute 35.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.

Goldman Sachs International Eq ESG Inv is part of the Equity global asset class and is within the International Equity fund group. Goldman Sachs International Eq ESG Inv has 93.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.2%. There is 93.9% 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 International Eq ESG Inv has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $99 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.

GIRNX 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 International Eq ESG Inv expense ratio is high compared to funds in the Foreign Large Blend category. Goldman Sachs International Eq ESG Inv has an expense ratio of 0.91%, which is 3% lower than its category average, making the fund expense ratio grade a C. 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 International Eq ESG Inv has a portfolio turnover rate of 40%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Foreign Large Blend category.

Recently, in the month of June 2026, Goldman Sachs International Eq ESG Inv returned 1.6%, which earned it a grade of A, as the Foreign Large Blend category had an average return of 0.5%. 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 International Eq ESG Inv has a trailing yield of 1.97%, which is below the 2.19% category average. The fund normally distributes its income 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 International Eq ESG Inv Grades

Year to date, the fund has returned 8.3%, 2.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 13.1% over the past year (grade of F), 12.0% over the past three years (grade of F) and 7.1% per year over the past five years (grade of D) and 10.4% per year over the past 10 years (grade of B).

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