Goldman Sachs GQG Partners International Opportunities Fund
Goldman Sachs Trust II · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Gross | Net |
|---|---|---|
| GSIHX | 1.16% | 1.14% |
| GSILX | 1.91% | 1.89% |
| GSIMX | 0.80% | 0.78% |
| GSINX | 0.91% | 0.89% |
| GSIQX | 1.41% | 1.39% |
| GSIYX | 0.79% | 0.76% |
| GGIPX | 0.79% | 0.76% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 68.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 100.15% |
| Cash & short-term | 0.68% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 81.7% |
| Consumer Staples | 6.4% |
| Other | 4.9% |
| Energy | 4.6% |
| 2 smaller | 2.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: CVX, Suncor Energy Inc, BP PLC, Canadian Natural Resources Ltd, Cenovus Energy Inc, Roche Holding AG, Eni SpA, Chocoladefabriken Lindt & Spruengli AG
Largest exited: Taiwan Semiconductor Manufacturing Co Ltd, Roche Holding AG, UniCredit SpA, State Bank of India, L'Oreal SA, CTSH, Glencore PLC, Rolls-Royce Holdings PLC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +17.89% | +52.19% | +52.01% | 11.05% | -11.93% | |
| +17.05% | +48.80% | +46.34% | 11.00% | -12.23% | |
| +18.31% | +53.86% | +54.73% | 11.03% | -11.85% | |
| +18.16% | +53.38% | +53.92% | 11.02% | -11.90% | |
| +17.66% | +51.13% | +50.21% | 10.99% | -12.05% | |
| +18.35% | +54.00% | +54.92% | 11.03% | -11.83% | |
| +18.35% | +53.97% | +55.01% | 11.00% | -11.84% |
These classes hold the same portfolio, so the 8.67pp spread over 5 years is the cost difference between them — roughly 1.73pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| PM | Philip Morris International IncPM | 6.46% | $165.07 | $3.68B | 22.3M |
| — | Goldman Sachs Financial Square Government Fund | 5.61% | $1.0000 | $3.19B | 3.2B |
| — | TotalEnergies SE | 4.46% | $92.97 | $2.54B | 27.3M |
| — | British American Tobacco PLC | 4.25% | $58.89 | $2.42B | 41.1M |
| — | Chubb Ltd | 4.20% | $327.00 | $2.39B | 7.3M |
| ENB | Enbridge IncENB | 3.50% | $55.46 | $1.99B | 35.9M |
| — | Iberdrola SA | 3.41% | $23.44 | $1.94B | 82.9M |
| — | Novartis AG | 3.40% | $147.79 | $1.94B | 13.1M |
| — | AstraZeneca PLC | 3.35% | $189.72 | $1.91B | 10.1M |
| — | Nestle SA | 2.98% | $101.24 | $1.70B | 16.8M |
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.
Top 10 positions are 41.62% of net assets, top 25 70.76%, across 62 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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