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Goldman Sachs MLP Energy Infrastructure Fund
mutual fund
GLPRX
Payout Change
Pending
Price as of:
$34.74
-0.26
-0.74%
primary theme
MLP Industry Equity
GLPRX (Mutual Fund)
Goldman Sachs MLP Energy Infrastructure Fund
Payout Change
Pending
Price as of:
$34.74
-0.26
-0.74%
primary theme
MLP Industry Equity
GLPRX (Mutual Fund)
Goldman Sachs MLP Energy Infrastructure Fund
Payout Change
Pending
Price as of:
$34.74
-0.26
-0.74%
primary theme
MLP Industry Equity
Name
As of 12/10/2024Price
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
Vitals
YTD Return
28.3%
1 yr return
31.5%
3 Yr Avg Return
24.8%
5 Yr Avg Return
13.8%
Net Assets
$1.6 B
Holdings in Top 10
80.6%
52 WEEK LOW AND HIGH
$35.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 166.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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
GLPRX - Profile
Distributions
- YTD Total Return 28.3%
- 3 Yr Annualized Total Return 24.8%
- 5 Yr Annualized Total Return 13.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.85%
- Dividend Yield 7.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGoldman Sachs MLP Energy Infrastructure Fund
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateMar 28, 2013
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGanesh Jois
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 consist of at least 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 other 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 treated as a regular corporation, or “C” corporation, for U.S. federal income tax purposes. Accordingly, unlike traditional open-end mutual funds, the Fund is subject to U.S. federal income tax on its taxable income at the rates applicable to corporations (at a rate of 21%) as well as state and local income taxes.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 MLP Index (Total Return, Unhedged, USD). The Alerian MLP Index (Total Return, Unhedged, USD) is the leading gauge of energy infrastructure MLPs and is a capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities.
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GLPRX - Performance
Return Ranking - Trailing
| Period | GLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.3% | 10.2% | 51.6% | 80.00% |
| 1 Yr | 31.5% | 12.9% | 53.2% | 79.00% |
| 3 Yr | 24.8%* | 10.5% | 39.6% | 65.63% |
| 5 Yr | 13.8%* | 0.5% | 38.5% | 77.89% |
| 10 Yr | 2.3%* | -4.4% | 13.7% | 86.89% |
* Annualized
Return Ranking - Calendar
| Period | GLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.3% | -14.9% | 18.2% | 35.29% |
| 2022 | 17.7% | -7.0% | 29.9% | 33.67% |
| 2021 | 30.0% | 4.2% | 42.7% | 51.02% |
| 2020 | -37.6% | -57.4% | 155.1% | 70.10% |
| 2019 | -2.1% | -8.9% | 18.9% | 72.41% |
Total Return Ranking - Trailing
| Period | GLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.3% | 10.2% | 51.6% | 80.00% |
| 1 Yr | 31.5% | 12.9% | 53.2% | 79.00% |
| 3 Yr | 24.8%* | 10.5% | 39.6% | 65.63% |
| 5 Yr | 13.8%* | 0.5% | 38.5% | 77.89% |
| 10 Yr | 2.3%* | -4.4% | 13.7% | 86.89% |
* Annualized
Total Return Ranking - Calendar
| Period | GLPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.1% | -9.3% | 25.5% | 33.33% |
| 2022 | 25.4% | -1.2% | 38.8% | 38.78% |
| 2021 | 39.3% | 14.5% | 56.2% | 52.04% |
| 2020 | -31.3% | -53.9% | 155.1% | 87.63% |
| 2019 | 2.1% | -3.4% | 22.4% | 95.40% |
NAV & Total Return History
GLPRX - Holdings
Concentration Analysis
| GLPRX | Category Low | Category High | GLPRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.6 B | 22 M | 53.1 B | 19.44% |
| Number of Holdings | 27 | 17 | 89 | 45.10% |
| Net Assets in Top 10 | 1.29 B | 23.7 M | 3.63 B | 13.73% |
| Weighting of Top 10 | 80.65% | 39.1% | 116.1% | 34.31% |
Top 10 Holdings
- Energy Transfer LP 12.08%
- MPLX LP 11.87%
- Sunoco LP 10.48%
- Plains All American Pipeline LP 10.17%
- Enterprise Products Partners LP 9.49%
- Western Midstream Partners LP 8.22%
- EnLink Midstream LLC 5.89%
- Hess Midstream LP 5.43%
- Cheniere Energy Inc 3.88%
- Enbridge Inc 3.14%
Asset Allocation
| Weighting | Return Low | Return High | GLPRX % Rank | |
|---|---|---|---|---|
| Stocks | 103.86% | 53.33% | 136.34% | 29.41% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 16.67% |
| Other | 0.00% | -36.30% | 5.12% | 16.67% |
| Convertible Bonds | 0.00% | 0.00% | 5.29% | 14.71% |
| Cash | 0.00% | 0.00% | 13.09% | 91.18% |
| Bonds | 0.00% | 0.00% | 40.73% | 16.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GLPRX % Rank | |
|---|---|---|---|---|
| Energy | 95.05% | 53.73% | 100.00% | 58.82% |
| Utilities | 4.21% | 0.00% | 41.78% | 37.25% |
| Industrials | 0.47% | 0.00% | 4.54% | 16.67% |
| Consumer Defense | 0.26% | 0.00% | 0.82% | 3.92% |
| Technology | 0.00% | 0.00% | 2.43% | 36.27% |
| Real Estate | 0.00% | 0.00% | 0.00% | 10.78% |
| Healthcare | 0.00% | 0.00% | 0.00% | 10.78% |
| Financial Services | 0.00% | 0.00% | 0.66% | 15.69% |
| Communication Services | 0.00% | 0.00% | 0.00% | 10.78% |
| Consumer Cyclical | 0.00% | 0.00% | 1.07% | 22.55% |
| Basic Materials | 0.00% | 0.00% | 6.40% | 54.90% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GLPRX % Rank | |
|---|---|---|---|---|
| US | 103.86% | 48.92% | 136.34% | 29.41% |
| Non US | 0.00% | 0.00% | 39.30% | 56.86% |
GLPRX - Expenses
Operational Fees
| GLPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.69% | 0.35% | 8.81% | 32.67% |
| Management Fee | 0.97% | 0.35% | 1.38% | 47.22% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 56.90% |
| Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
| GLPRX 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
| GLPRX 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.
| GLPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 166.00% | 6.00% | 166.00% | 95.83% |
GLPRX - Distributions
Dividend Yield Analysis
| GLPRX | Category Low | Category High | GLPRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.13% | 0.00% | 15.34% | 24.07% |
Dividend Distribution Analysis
| GLPRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| GLPRX | Category Low | Category High | GLPRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.85% | -2.83% | 5.84% | 78.22% |
Capital Gain Distribution Analysis
| GLPRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 27, 2024 | $0.624 | OrdinaryDividend |
| Aug 29, 2024 | $0.610 | OrdinaryDividend |
| May 30, 2024 | $0.643 | OrdinaryDividend |
| Feb 28, 2024 | $0.617 | OrdinaryDividend |
| Nov 29, 2023 | $0.551 | OrdinaryDividend |
| Aug 30, 2023 | $0.525 | OrdinaryDividend |
| May 30, 2023 | $0.544 | OrdinaryDividend |
| Feb 27, 2023 | $0.502 | OrdinaryDividend |
| Nov 29, 2022 | $0.456 | OrdinaryDividend |
| Aug 30, 2022 | $0.446 | OrdinaryDividend |
| May 27, 2022 | $0.420 | OrdinaryDividend |
| Feb 25, 2022 | $0.380 | OrdinaryDividend |
| Nov 29, 2021 | $0.411 | OrdinaryDividend |
| Aug 30, 2021 | $0.363 | OrdinaryDividend |
| May 27, 2021 | $0.352 | OrdinaryDividend |
| Feb 25, 2021 | $0.372 | OrdinaryDividend |
| Nov 27, 2020 | $0.349 | ReturnOfCapital |
| Aug 28, 2020 | $0.384 | ReturnOfCapital |
| May 28, 2020 | $0.431 | ReturnOfCapital |
| Feb 27, 2020 | $0.608 | ReturnOfCapital |
| Nov 27, 2019 | $0.039 | OrdinaryDividend |
| Aug 29, 2019 | $0.038 | OrdinaryDividend |
| May 30, 2019 | $0.634 | OrdinaryDividend |
| Feb 28, 2019 | $0.601 | OrdinaryDividend |
| Nov 29, 2018 | $0.668 | OrdinaryDividend |
| Aug 30, 2018 | $0.592 | OrdinaryDividend |
| May 30, 2018 | $0.548 | OrdinaryDividend |
| Feb 27, 2018 | $0.545 | OrdinaryDividend |
| Nov 10, 2017 | $0.531 | OrdinaryDividend |
| Aug 10, 2017 | $0.561 | OrdinaryDividend |
| May 10, 2017 | $0.555 | OrdinaryDividend |
| Feb 10, 2017 | $0.547 | OrdinaryDividend |
| Nov 10, 2016 | $0.520 | OrdinaryDividend |
| Aug 10, 2016 | $0.649 | OrdinaryDividend |
| May 06, 2016 | $0.652 | OrdinaryDividend |
| Feb 04, 2016 | $0.566 | OrdinaryDividend |
| Nov 27, 2015 | $0.508 | OrdinaryDividend |
| Aug 28, 2015 | $0.575 | OrdinaryDividend |
| May 28, 2015 | $0.687 | OrdinaryDividend |
| Feb 03, 2015 | $0.705 | OrdinaryDividend |
| Nov 26, 2014 | $0.666 | OrdinaryDividend |
| Aug 28, 2014 | $0.641 | OrdinaryDividend |
| May 29, 2014 | $0.627 | OrdinaryDividend |
| Feb 27, 2014 | $0.565 | OrdinaryDividend |
| Nov 27, 2013 | $0.607 | OrdinaryDividend |
| Aug 29, 2013 | $0.601 | OrdinaryDividend |
| May 30, 2013 | $0.740 | OrdinaryDividend |
GLPRX - Fund Manager Analysis
Managers
Ganesh Jois
Start Date
Tenure
Tenure Rank
Mar 28, 2013
9.18
9.2%
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
Mar 28, 2013
9.18
9.2%
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.
Matthew Cooper
Start Date
Tenure
Tenure Rank
Mar 28, 2014
8.18
8.2%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 15.78 | 7.75 | 12.18 |
