Goldman Sachs GQG Partners International Opportunities Fund
Actively managed developed international stock fund
As of its 2026 Q2 report, Goldman Sachs GQG Partners International Opportunities Fund held 64 positions with $56.95B in net assets. Its ten largest holdings made up 41.6% of the fund. The GSIHX share class costs 1.14% a year. Over the 12 months to May 2026, GSIHX returned 13.1%, with dividends reinvested. In 2026 Q3 it added 24 new positions and exited 15.
The Goldman Sachs GQG Partners International Opportunities Fund (the Fund) seeks long-term capital appreciation.
The fund is managed by Goldman Sachs as adviser, with day-to-day investment decisions delegated to sub-adviser GQG Partners, which selects non-U.S. equity securities it believes offer favorable long-term economic prospects and sustainable earnings growth at reasonable valuations. The fund invests across at least three countries outside the United States, including emerging markets, and may hold common stock, depositary receipts, convertible securities, derivatives for market access, and fixed income. GQG Partners' approach seeks to identify companies with strong fundamentals expected to outperform peers over a full market cycle while providing downside protection during declines.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
6.46% | $3.68B | 22.3M | $165.07 | |
Goldman Sachs Financial Square Government Fund | 5.61% | $3.19B | — | — |
TotalEnergies SE | 4.46% | $2.54B | 27.3M | $92.97 |
British American Tobacco PLC | 4.25% | $2.42B | 41.1M | $58.89 |
Chubb Ltd | 4.20% | $2.39B | 7.3M | $327.00 |
ENBEnbridge Inc | 3.50% | $1.99B | 35.9M | $55.46 |
Iberdrola SA | 3.41% | $1.94B | 82.9M | $23.44 |
Novartis AG | 3.40% | $1.94B | 13.1M | $147.79 |
AstraZeneca PLC | 3.35% | $1.91B | 10.1M | $189.72 |
Nestle SA | 2.98% | $1.70B | 16.8M | $101.24 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 64 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 100.15% |
| Cash & short-term | 0.68% |
By sector
- International
- 83.8%
- Consumer Staples
- 6.5%
- Other
- 3.6%
- Energy
- 3.2%
- 3 other sectors
- 2.9%
- International
- 83.8%
- Consumer Staples
- 6.5%
- Other
- 3.6%
- Energy
- 3.2%
- Financials
- 1.7%
- Information Technology
- 1.1%
- Cash
- 0.1%
How it has done
GSIHX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.09%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.14% | +13.11% | +55.31% | +45.34% | -11.93% | |
| 1.89% | +12.31% | +51.89% | +39.91% | -12.23% | |
| 0.78% | +13.55% | +57.06% | +48.05% | -11.85% | |
| 0.89% | +13.44% | +56.60% | +47.19% | -11.90% | |
| 1.39% | +12.91% | +54.28% | +43.61% | -12.05% | |
| 0.76% | +13.58% | +57.12% | +48.17% | -11.83% | |
| 0.76% | +13.58% | +57.19% | +48.23% | -11.84% |
These classes hold the same portfolio, so the 8.32pp spread over 5 years is the cost difference between them — roughly 1.66pp a year — not a difference in what they own.
Fees & fund details
Goldman Sachs GQG Partners International Opportunities Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.76% – 1.89%· GSIHX 1.14%
- Portfolio turnover
- 68.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
24 new· the largest 8
15 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — GSIHX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”