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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Energy Infrastructure Fund

GLEIX | Fund

$11.94

$336 M

0.00%

1.28%

Vitals

YTD Return

8.2%

1 yr return

22.2%

3 Yr Avg Return

20.3%

5 Yr Avg Return

10.3%

Net Assets

$336 M

Holdings in Top 10

62.3%

52 WEEK LOW AND HIGH

$11.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Energy Infrastructure Fund

GLEIX | Fund

$11.94

$336 M

0.00%

1.28%

GLEIX - Profile

Distributions

  • YTD Total Return 8.2%
  • 3 Yr Annualized Total Return 20.3%
  • 5 Yr Annualized Total Return 10.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.96%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs Energy Infrastructure Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Sep 29, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Cooper

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in U.S. and non-U.S. equity or fixed income securities issued by energy infrastructure companies, including master limited partnerships (“MLPs”) and “C” corporations (“C-Corps”). The Fund’s investments in MLPs will not exceed 25% of the Fund’s total assets as measured at the time of purchase. The Fund intends to concentrate its investments in the energy sector.For purposes of the Fund’s 80% policy discussed above, the Fund’s investments in energy infrastructure companies include U.S. and non-U.S. issuers that: (i) are classified by a third party as operating within the oil and gas storage and transportation sub-industries; (ii) are part of the Fund’s stated benchmark; or (iii) have at least 50% of their assets, income, sales or profits committed to, or derived from, traditional or alternative midstream (energy infrastructure) businesses, which include businesses that are engaged in the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage, terminalling, wholesale marketing, liquefaction/regasification of natural gas, natural gas liquids, crude oil, refined products or ether energy sources as well as businesses engaged in owning, storing and transporting alternative energy sources, such as renewables (wind, solar, hydrogen, geothermal, biomass) and alternative fuels (ethanol, hydrogen, biodiesel).The Fund’s MLP investments may include MLPs structured as limited partnerships (“LPs”) or limited liability companies (“LLCs”); MLPs that are taxed as C-Corps; institutional units (“I-Units”) issued by MLP affiliates; private investments in public equities (“PIPEs”) issued by MLPs; and other U.S. and non-U.S. equity and fixed income securities and derivative instruments, including pooled investment vehicles and exchange-traded notes (“ETNs”), that provide exposure to MLPs.The Fund may also invest up to 20% of its Net Assets in non-energy infrastructure investments, including equity and fixed income securities of U.S. and non-U.S. companies. Such investments may include issuers in the upstream and downstream sectors of the energy value chain. Upstream energy companies are primarily engaged in the exploration, recovery, development and production of crude oil, natural gas and natural gas liquids. Downstream energy companies are primarily engaged in the refining and retail distribution of natural gas liquids and crude oil.The Fund’s investments may be of any credit quality, duration or capitalization size. The Fund may also invest in derivatives, including options, futures, forwards, swaps, options on swaps, structured securities and other derivative instruments. While the Fund may invest in derivatives for hedging purposes, the Fund generally does not intend to hedge its exposures. The Fund’s investments in derivatives, pooled investment vehicles, and other investments are counted towards the Fund’s 80% policy to the extent they have economic characteristics similar to the investments included within that policy. The Fund may also invest in privately held companies and companies that only recently began to trade publicly. The Fund may invest in stock, warrants and other securities of special purpose acquisition companies (“SPACs”).THE FUND IS NON-DIVERSIFIED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (“INVESTMENT COMPANY ACT”), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS.The Fund’s benchmark index is the Alerian Midstream Energy Select Index (Total Return, Unhedged, USD). The Alerian Midstream Energy Select Index (Total Return, Unhedged, USD) is a composite of North American energy infrastructure companies and is a capped, float-adjusted, capitalization-weighted index, whose constituents are engaged in midstream activities involving energy commodities.
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GLEIX - Performance

Return Ranking - Trailing

Period GLEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% 1.2% 14.6% 72.38%
1 Yr 22.2% -1.6% 33.2% 63.81%
3 Yr 20.3%* 4.5% 34.4% 61.39%
5 Yr 10.3%* -8.5% 33.0% 27.78%
10 Yr N/A* -6.4% 10.8% N/A

* Annualized

Return Ranking - Calendar

Period GLEIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -14.9% 18.2% 79.44%
2022 13.7% -7.0% 29.9% 60.58%
2021 27.4% 4.2% 55.3% 72.12%
2020 -20.9% -57.4% 155.1% 18.45%
2019 11.4% -8.9% 20.8% 18.48%

Total Return Ranking - Trailing

Period GLEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.2% 1.2% 14.6% 72.38%
1 Yr 22.2% -1.6% 33.2% 63.81%
3 Yr 20.3%* 4.5% 34.4% 61.39%
5 Yr 10.3%* -8.5% 33.0% 27.78%
10 Yr N/A* -6.4% 10.8% N/A

* Annualized

Total Return Ranking - Calendar

Period GLEIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.9% -9.3% 25.5% 52.34%
2022 21.1% -1.2% 38.8% 59.62%
2021 38.4% 11.1% 56.2% 69.23%
2020 -17.5% -53.9% 155.1% 20.39%
2019 14.0% -3.4% 34.1% 38.04%

NAV & Total Return History

GLEIX - Holdings

Concentration Analysis

GLEIX Category Low Category High GLEIX % Rank
Net Assets 336 M 22 M 53.1 B 57.39%
Number of Holdings 38 16 175 34.86%
Net Assets in Top 10 218 M 19.6 M 3.1 B 64.22%
Weighting of Top 10 62.27% 40.8% 111.7% 66.97%

Top 10 Holdings

  1. Cheniere Energy Inc 8.78%
  2. Targa Resources Corp 8.23%
  3. Plains GP Holdings LP 6.58%
  4. Enbridge Inc 6.51%
  5. Energy Transfer LP 6.29%
  6. ONEOK Inc 5.90%
  7. Enterprise Products Partners LP 5.68%
  8. Williams Cos Inc/The 4.80%
  9. DT Midstream Inc 4.78%
  10. MPLX LP 4.72%

Asset Allocation

Weighting Return Low Return High GLEIX % Rank
Stocks 		101.27% 53.33% 133.88% 37.61%
Preferred Stocks 		0.00% 0.00% 2.34% 85.32%
Other 		0.00% -36.30% 4.52% 77.06%
Convertible Bonds 		0.00% 0.00% 5.29% 84.40%
Cash 		0.00% -58.21% 13.58% 97.25%
Bonds 		0.00% -0.01% 44.12% 81.65%

Stock Sector Breakdown

Weighting Return Low Return High GLEIX % Rank
Energy 		97.51% 53.73% 100.00% 30.28%
Utilities 		2.44% 0.00% 41.78% 57.80%
Technology 		0.05% 0.00% 2.43% 26.61%
Real Estate 		0.00% 0.00% 3.96% 84.40%
Industrials 		0.00% 0.00% 4.54% 88.99%
Healthcare 		0.00% 0.00% 0.00% 84.40%
Financial Services 		0.00% 0.00% 0.66% 84.40%
Communication Services 		0.00% 0.00% 0.00% 84.40%
Consumer Defense 		0.00% 0.00% 0.82% 84.40%
Consumer Cyclical 		0.00% 0.00% 13.46% 84.40%
Basic Materials 		0.00% 0.00% 6.40% 89.91%

Stock Geographic Breakdown

Weighting Return Low Return High GLEIX % Rank
US 		80.83% 48.92% 132.40% 81.65%
Non US 		20.44% 0.00% 26.09% 12.84%

GLEIX - Expenses

Operational Fees

GLEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.35% 8.81% 80.56%
Management Fee 1.00% 0.35% 1.38% 62.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

GLEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GLEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GLEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 6.00% 166.00% 73.79%

GLEIX - Distributions

Dividend Yield Analysis

GLEIX Category Low Category High GLEIX % Rank
Dividend Yield 0.00% 0.00% 17.27% 6.96%

Dividend Distribution Analysis

GLEIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

GLEIX Category Low Category High GLEIX % Rank
Net Income Ratio 0.96% -6.38% 9.57% 28.70%

Capital Gain Distribution Analysis

GLEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

GLEIX - Fund Manager Analysis

Managers

Matthew Cooper

Start Date

Tenure

Tenure Rank

Sep 13, 2017

4.72

4.7%

Mr. Cooper joined Goldman Sachs Asset Management, L.P. in 2013 and is a portfolio manager for the Energy & Infrastructure Team. Prior to joining the Goldman Sachs , he worked in the Commodities Origination and Structuring group at Merrill Lynch beginning in 2011. Between 2007 and 2009 he worked as a research analyst in the Private Equity Group at Lehman Brothers covering the energy sector. Prior to that he worked as an Investment Banker in the Energy and Power Group at Merrill Lynch & Co.

Ganesh Jois

Start Date

Tenure

Tenure Rank

Sep 13, 2017

4.72

4.7%

Mr. Jois joined Goldman Sachs Asset Management, L.P. in 2009 and is a portfolio manager for the Energy & Infrastructure Team. Prior to joining the Goldman Sachs, he was an associate at Citigroup Investment Research covering MLPs, where he helped initiate coverage on several MLPs and had coverage responsibility for nearly 20 MLPs.

Kyri Loupis

Start Date

Tenure

Tenure Rank

Sep 13, 2017

4.72

4.7%

Mr. Loupis joined Goldman Sachs Asset Management, L.P in 2009 and is a portfolio manager and head of the Energy & Infrastructure team. Prior to joining the Goldman Sachs he spent over eight years at Lehman Brothers covering the energy sector, from 2000-2006 in the Investment Banking Division, and from 2006-2009 in the Private Equity group, where he co-founded an energy investment fund with a focus in MLPs.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 15.78 7.75 12.18

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