GREI
Goldman Sachs Future Real Estate and Infrastructure Equity ETF
GREI is an actively-managed portfolio that seeks long-term capital growth by investing in global real estate and infrastructure companies.
Global
EQUITY
Active
MANAGEMENT STYLE
16.2 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 09, 2021 |
| Assets (mns) | $16 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PROLOGIS INC | 6.5 % |
| NEXTERA ENERGY GROUP | 4.4 % |
| NATIONAL GRID PLC | 4.4 % |
| EQUINIX INC | 3.8 % |
| TRANSURBAN GROUP | 3.5 % |
| AMERICAN TOWER CORP-CL A | 3.3 % |
| WELLTOWER, INC. | 3.1 % |
| EXTRA SPACE STORAGE INC | 2.9 % |
| AVALONBAY COMMUNITIES INC | 2.8 % |
| SBA COMMUNICATIONS CORP. CLASS A | 2.7 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 274 |
| Wgt avg mkt cap (mns) | $40,748 |
| Large cap (>$10bn) | 86.9% |
| Mid cap ($2-10bn) | 13.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 65.4 % |
 |
BRITAIN | 11.8 % |
 |
AUSTRALIA | 5.3 % |
 |
FRANCE | 4.4 % |
 |
SPAIN | 3.9 % |
 |
GERMANY | 2.0 % |
 |
ITALY | 1.9 % |
 |
CANADA | 1.5 % |
 |
JAPAN | 1.4 % |
 |
NETHERLANDS | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.4% | 21.4% | 9.2% | -- | -- | -- | -4.6% | Volatility | 12.9% | 14.1% | 17.5% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 76% |
| MSCI EAFE | 1.07 | 86% |
| MSCI Emg Mkts | 0.86 | 55% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $7,431 |
Technical Indicators
| Recent close | $35.95 |
| 30d moving avg. | $36.88 |
| Annualized volatility | 20.5% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 1.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GREI |
Expenses vs. GREI |
ALTAR Score™ vs. GREI |
|---|---|---|---|---|
| ICF | iShares Cohen & Steers REIT ETF | 37.2% | -42 bp | +1.2% |
| ROOF | IQ CBRE NextGen Real Estate ETF | 36.6% | -15 bp | +3.6% |
| BLLD | JPMorgan Sustainable Infrastructure ETF | 36.3% | -26 bp | +1.1% |
| DFAR | Dimensional US Real Estate ETF | 35.6% | -56 bp | +1.7% |
| AVRE | Avantis Real Estate ETF | 35.6% | -58 bp | +1.3% |
| IYR | iShares U.S. Real Estate ETF | 35.5% | -35 bp | +1.4% |
| JPRE | JPMorgan Realty Income ETF | 35.2% | -25 bp | +0.8% |
| SCHH | Schwab U.S. REIT ETF | 35.1% | -68 bp | +1.9% |
| XLRE | Real Estate Select Sector SPDR Fund | 35.0% | -66 bp | +1.3% |
| FREL | Fidelity MSCI Real Estate Index ETF | 34.3% | -67 bp | +1.5% |
Risk and Returns: GREI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GREI
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GREI
4.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. GREI's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places GREI in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GREISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| GREI (75 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GREI | 75.0 | 29.3 | 104.3 |
| Peer Avg. | 66.9 | 30.0 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .