Goldman Sachs International Equity Income Fund
Actively managed developed international stock fund
As of its 2026 Q2 report, Goldman Sachs International Equity Income Fund held 46 positions with $3.50B in net assets. Its ten largest holdings made up 31.6% of the fund. The GSAKX share class costs 1.14% a year. Over the 12 months to May 2026, GSAKX returned 27.0%, with dividends reinvested. In 2026 Q3 it added 4 new positions and exited 6.
The Goldman Sachs International Equity Income Fund (the Fund) seeks long-term capital appreciation and growth of income.
The fund invests at least 80% of assets in dividend-paying equities of non-U.S. issuers across at least three countries, with a substantial portion in developed Western Europe, Australia, Japan, and New Zealand. The manager uses fundamental analysis integrated with environmental, social, and governance factors to identify cash-generating businesses with shareholder-oriented management, and measures performance against the MSCI EAFE Index. The fund may also hold fixed income securities and may invest in emerging markets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
HSBC HOLDINGS PLC | 3.59% | $125.66M | 6.8M | $18.40 |
NATIONAL GRID PLC | 3.40% | $119.12M | 6.7M | $17.90 |
SUMITOMO MITSUI FINANCIAL GROUP INC | 3.19% | $111.48M | 3.2M | $35.31 |
SCHNEIDER ELECTRIC SE | 3.15% | $110.36M | 346.8K | $318.21 |
RIO TINTO PLC | 3.15% | $110.05M | 1.1M | $100.74 |
SIEMENS AG | 3.13% | $109.45M | 368.3K | $297.16 |
ING GROEP NV | 3.12% | $108.96M | 3.8M | $28.94 |
ASTRAZENECA PLC | 3.02% | $105.84M | 557.9K | $189.72 |
COCA-COLA EUROPACIFIC PARTNERS PLC | 2.94% | $103.00M | 1.1M | $94.57 |
KONINKLIJKE AHOLD DELHAIZE NV | 2.94% | $102.78M | 2.2M | $46.97 |
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 46 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 | 98.29% |
| Cash & short-term | 3.07% |
How it has done
GSAKX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.37%. 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% | +27.04% | +74.80% | +78.31% | -8.27% | |
| 1.89% | +26.06% | +70.87% | +71.81% | -8.28% | |
| 0.81% | +27.44% | +76.46% | +81.36% | -8.20% | |
| 1.39% | +26.73% | +73.45% | +76.10% | -8.26% | |
| 0.89% | +27.37% | +76.00% | +80.55% | -8.23% | |
| 0.80% | +27.45% | +76.50% | +81.43% | -8.22% | |
| 0.80% | +27.47% | +76.53% | +81.45% | -8.22% |
These classes hold the same portfolio, so the 9.64pp spread over 5 years is the cost difference between them — roughly 1.93pp a year — not a difference in what they own.
Fees & fund details
Goldman Sachs International Equity Income 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
- 0.80% – 1.89%· GSAKX 1.14%
- Portfolio turnover
- 49.00% 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.
4 new
6 exited
Understand how this fund fits with the rest.
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