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Trending ETFs

Goldman Sachs Clean Energy Income Fund

mutual fund
GCEEX
Payout Change
Pending
Price as of:
$8.46 -0.13 -1.51%
primary theme
Infrastructure Industry Equity
share class
Investor (GCEJX) A (GCEBX) C (GCEGX) R6 (GCEEX) Instl (GCEDX) P (GCEPX)
GCEEX (Mutual Fund)

Goldman Sachs Clean Energy Income Fund

Payout Change
Pending
Price as of:
$8.46 -0.13 -1.51%
primary theme
Infrastructure Industry Equity
share class
Investor (GCEJX) A (GCEBX) C (GCEGX) R6 (GCEEX) Instl (GCEDX) P (GCEPX)
GCEEX (Mutual Fund)

Goldman Sachs Clean Energy Income Fund

Payout Change
Pending
Price as of:
$8.46 -0.13 -1.51%
primary theme
Infrastructure Industry Equity
share class
Investor (GCEJX) A (GCEBX) C (GCEGX) R6 (GCEEX) Instl (GCEDX) P (GCEPX)

Name

As of 12/12/2024

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 Clean Energy Income Fund

GCEEX | Fund

$8.46

$85.5 M

1.69%

$0.15

1.01%

Vitals

YTD Return

-10.5%

1 yr return

-8.3%

3 Yr Avg Return

-11.4%

5 Yr Avg Return

N/A

Net Assets

$85.5 M

Holdings in Top 10

51.4%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.01%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 75.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/12/2024

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 Clean Energy Income Fund

GCEEX | Fund

$8.46

$85.5 M

1.69%

$0.15

1.01%

GCEEX - Profile

Distributions

  • YTD Total Return -10.5%
  • 3 Yr Annualized Total Return -11.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.75%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Goldman Sachs Clean Energy Income Fund
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Jun 26, 2020
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Okin

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 securities issued by clean energy companies.For purposes of the Fund’s 80% policy discussed above, the Fund’s investments in clean energy companies may include: U.S. and non-U.S. companies that (i) are constituents of one or more of the Fund’s stated benchmarks; (ii) are classified by the Global Industry Classification Standard (“GICS”) as part of the Renewable Electricity sub-industry; or (iii) have at least 50% of their assets, income, earnings, sales or profits committed to, or derived from, renewable energy electricity generation (wind, solar, hydrogen, geothermal, biomass, etc.), renewable storage and transmission, renewable energy equipment development manufacturing, electrified transport, biofuel production or energy efficiency solutions (including smart grid). Some of the clean energy companies in which the Fund invests, including companies that the Investment Adviser believes are involved in the transition to a more sustainable energy sector, may have operations that involve traditional energy facilities (including oil, gas or other hydrocarbons).The Fund will concentrate its investments in companies in the clean energy group of industries. The Fund intends to focus its investments on clean energy infrastructure companies. The Investment Adviser expects that the Fund’s investments will be weighted in favor of companies that pay dividends or other current distributions.The Fund’s investment strategy combines bottom-up company analysis with fundamental real asset research. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations or for risk management purposes. The Investment Adviser may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors as part of its fundamental research process. No one factor or consideration is determinative in the stock selection process.The Fund’s investments in U.S. and non-U.S. equity securities may include common stock, preferred stock and depositary receipts. The Fund may invest without restriction as to issuer capitalization (including small- and mid-capitalization companies). A portion of the Fund’s securities may be denominated in foreign currencies and held outside the United States.The Fund may invest up to 25% of its total assets (measured at time of purchase) in master limited partnerships (“MLPs”) that are taxed as partnerships and may invest up to 20% of its Net Assets in securities of companies that are not clean energy companies. The Fund’s investments in other investment companies (including exchange-traded funds (“ETFs”)), real estate investment trusts (“REITs”) and other instruments are counted towards the Fund’s 80% investment 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 blended benchmark is the Clean Energy Income Composite Index which is comprised of three indices: Eagle North American Renewables Infrastructure Index (50%), Indxx Yieldco and Renewable Energy Income Index (35%), and Eagle Global Renewables Infrastructure Index (15%).
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GCEEX - Performance

Return Ranking - Trailing

Period GCEEX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.5% -9.5% 27.9% 94.57%
1 Yr -8.3% -4.0% 35.9% 94.57%
3 Yr -11.4%* -11.8% 16.3% 94.57%
5 Yr N/A* -1.1% 20.6% N/A
10 Yr N/A* 3.0% 8.8% N/A

* Annualized

Return Ranking - Calendar

Period GCEEX Return Category Return Low Category Return High Rank in Category (%)
2023 -17.5% -17.5% 30.1% 98.91%
2022 -11.9% -28.1% -3.4% 61.96%
2021 -8.5% -28.7% 35.7% 93.10%
2020 N/A -12.5% 28.8% N/A
2019 N/A 9.9% 33.6% N/A

Total Return Ranking - Trailing

Period GCEEX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.5% -9.5% 27.9% 94.57%
1 Yr -8.3% -4.0% 35.9% 94.57%
3 Yr -11.4%* -11.8% 16.3% 94.57%
5 Yr N/A* -1.1% 20.6% N/A
10 Yr N/A* 3.0% 8.8% N/A

* Annualized

Total Return Ranking - Calendar

Period GCEEX Return Category Return Low Category Return High Rank in Category (%)
2023 -14.7% -15.6% 31.0% 94.57%
2022 -10.2% -27.1% -0.5% 81.52%
2021 -2.4% -3.5% 36.4% 95.40%
2020 N/A -11.2% 29.9% N/A
2019 N/A 16.7% 35.3% N/A

NAV & Total Return History

GCEEX - Holdings

Concentration Analysis

GCEEX Category Low Category High GCEEX % Rank
Net Assets 85.5 M 1.83 M 8.77 B 78.26%
Number of Holdings 42 26 233 75.00%
Net Assets in Top 10 33.3 M 823 K 5.61 B 78.26%
Weighting of Top 10 51.41% 8.2% 62.5% 18.48%

Top 10 Holdings

  1. NextEra Energy Inc 7.94%
  2. Iberdrola SA 7.64%
  3. RWE AG 5.81%
  4. SSE PLC 5.14%
  5. First Solar Inc 5.01%
  6. Enphase Energy Inc 4.25%
  7. Enel SpA 4.11%
  8. Orsted AS 3.90%
  9. EDP SA 3.89%
  10. AES Corp 3.73%

Asset Allocation

Weighting Return Low Return High GCEEX % Rank
Stocks 		98.63% 86.92% 101.95% 38.04%
Cash 		1.37% 0.00% 8.62% 52.17%
Preferred Stocks 		0.00% 0.00% 2.81% 91.30%
Other 		0.00% -0.22% 3.96% 81.52%
Convertible Bonds 		0.00% 0.00% 2.46% 91.30%
Bonds 		0.00% 0.00% 6.41% 91.30%

Stock Sector Breakdown

Weighting Return Low Return High GCEEX % Rank
Utilities 		88.43% 3.71% 96.19% 9.78%
Technology 		4.39% 0.00% 25.65% 13.04%
Real Estate 		2.79% 0.00% 23.51% 83.70%
Basic Materials 		1.93% 0.00% 25.54% 11.96%
Consumer Defense 		0.99% 0.00% 0.99% 5.43%
Industrials 		0.98% 0.00% 68.24% 96.74%
Energy 		0.48% 0.00% 32.46% 85.87%
Healthcare 		0.00% 0.00% 6.54% 91.30%
Financial Services 		0.00% 0.00% 17.28% 91.30%
Communication Services 		0.00% 0.00% 27.53% 95.65%
Consumer Cyclical 		0.00% 0.00% 10.02% 91.30%

Stock Geographic Breakdown

Weighting Return Low Return High GCEEX % Rank
Non US 		53.58% 0.00% 97.95% 23.91%
US 		45.06% 1.96% 99.99% 79.35%

GCEEX - Expenses

Operational Fees

GCEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.30% 10.15% 75.00%
Management Fee 0.80% 0.30% 1.00% 46.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

GCEEX 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

GCEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 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.

GCEEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 75.00% 13.00% 128.00% 88.73%

GCEEX - Distributions

Dividend Yield Analysis

GCEEX Category Low Category High GCEEX % Rank
Dividend Yield 1.69% 0.00% 5.50% 7.61%

Dividend Distribution Analysis

GCEEX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Monthly Quarterly

Net Income Ratio Analysis

GCEEX Category Low Category High GCEEX % Rank
Net Income Ratio 0.75% -0.39% 4.38% 81.82%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GCEEX - Fund Manager Analysis

Managers

Ben Okin

Start Date

Tenure

Tenure Rank

Jun 26, 2020

1.93

1.9%

Vikrum Vora

Start Date

Tenure

Tenure Rank

Jun 26, 2020

1.93

1.9%

Kristin Kuney

Start Date

Tenure

Tenure Rank

Mar 30, 2022

0.17

0.2%

Ms. Kuney joined the Investment Adviser in 2000 and has research responsibilities across the US Value Equity, Real Estate Securities, and Global Infrastructure portfolios. Ms. Kuney joined the Real Estate Team in 2004 as a research analyst and later joined the Value Team in 2009. Prior to that, Ms. Kuney worked in the Global Risk and Performance Analytics group focusing on quantitative and risk analysis of the Goldman Sachs Mutual Funds

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 18.18 5.81 8.08

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