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GLPAX Goldman Sachs MLP Energy Infras A

  • Fund
  • GLPAX
  • Price as of: Mar 22, 2019
  • $6.68
  • - $0.11
  • - 1.62%
  • Category
  • MLPs

GLPAX - Profile

Vitals

  • YTD Return 15.8%
  • 3 Yr Annualized Return -0.9%
  • 5 Yr Annualized Return -10.5%
  • Net Assets $2.12 B
  • Holdings in Top 10 69.0%

52 WEEK LOW AND HIGH

$6.68
$5.48
$7.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

MLPs
  • Fund Type Open End Mutual Fund
  • Investment Style Energy Limited Partnership

Distributions

  • YTD Total Return 15.8%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -8.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.34%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Goldman Sachs MLP Energy Infrastructure Fund
  • Fund Family Name Goldman Sachs
  • Inception Date Mar 28, 2013
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Matthew Cooper

Fund Description

The fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in energy infrastructure master limited partnership ("MLP") investments. The advisor intends to concentrate its investments in the energy sector, with a focus on "midstream" energy infrastructure MLPs. It may also invest in "upstream" and "downstream" MLPs. Upstream MLPs are primarily engaged in the exploration, recovery, development and production of crude oil, natural gas and natural gas liquids. The fund is non-diversified.

GLPAX - Performance

Return Ranking - Trailing

Period GLPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.8% -32.1% 27.1% 48.61% 3
1 Yr 4.2% -69.5% 10.2% 30.56% 2
3 Yr -0.9% * -28.3% 14.1% 47.14% 3
5 Yr -10.5% * -22.1% -1.1% 57.81% 3
10 Yr N/A * N/A N/A N/A N/A

* Annualized


Return Ranking - Calendar

Period GLPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -20.4% -57.5% 110.3% 35.71% 2
2017 -12.0% -25.3% 54.6% 42.03% 3
2016 11.1% -36.6% 39.2% 59.42% 4
2015 -35.8% -57.7% 8.5% 39.13% 2
2014 2.9% -4.8% 10.5% 52.38% 3

Total Return Ranking - Trailing

Period GLPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.8% -32.1% 27.1% 48.61% 3
1 Yr 4.2% -69.5% 10.2% 29.17% 2
3 Yr 0.4% * -28.3% 14.1% 51.43% 3
5 Yr -8.4% * -20.2% -1.1% 70.31% 4
10 Yr N/A * N/A N/A N/A N/A

* Annualized


Total Return Ranking - Calendar

Period GLPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -20.4% -57.5% 110.3% 35.71% 2
2017 -12.0% -25.3% 54.6% 42.03% 3
2016 16.9% -33.5% 43.1% 68.12% 4
2015 -34.1% -57.2% 13.5% 39.13% 2
2014 8.4% 2.9% 23.1% 65.08% 4

NAV & Total Return History

GLPAX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

GLPAX Category Low Category High GLPAX % Rank Quintile
Net Assets 2.12 B 329 K 4.19 B 6.94% 2
Number of Holdings 35 16 58 11.11% 3
Net Assets in Top 10 1.24 B 240 K 2.61 B 8.33% 2
Weighting of Top 10 69.0% 37.5% 112.2% 12.50% 2

Top 10 Holdings

  1. Enterprise Products Partners LP 12.17%
  2. Magellan Midstream Partners LP 10.11%
  3. MPLX LP Partnership Units 8.42%
  4. Plains All American Pipeline LP 7.15%
  5. Targa Resources Corp 2.82%
  6. Energy Transfer LP 13.26%
  7. Williams Companies Inc 3.08%
  8. EQM Midstream Partners LP 4.84%
  9. Western Gas Partners, LP 3.76%
  10. Buckeye Partners LP 3.33%

Asset Allocation

Weighting Category Low Category High GLPAX % Rank Quintile
Stocks
99.75% 62.61% 132.36% 8.33% 2
Cash
0.25% -24.95% 27.88% 22.22% 4
Preferred Stocks
0.00% 0.00% 2.78% 5.56% 5
Other
0.00% -35.31% 4.40% 9.72% 4
Convertible Bonds
0.00% 0.00% 0.05% 2.78% 4
Bonds
0.00% 0.00% 21.36% 6.94% 4

Stock Sector Breakdown

Weighting Category Low Category High GLPAX % Rank Quintile
Energy
97.97% 3.33% 128.15% 11.11% 2
Basic Materials
0.80% 0.00% 4.22% 8.33% 2
Industrials
0.50% 0.00% 7.58% 15.28% 3
Utilities
0.48% 0.00% 4.10% 19.44% 3
Technology
0.00% 0.00% 11.74% 2.78% 4
Real Estate
0.00% 0.00% 3.41% 2.78% 4
Healthcare
0.00% 0.00% 8.87% 2.78% 4
Financial Services
0.00% 0.00% 11.25% 2.78% 4
Communication Services
0.00% 0.00% 0.98% 2.78% 4
Consumer Defense
0.00% 0.00% 3.59% 2.78% 4
Consumer Cyclical
0.00% 0.00% 7.11% 2.78% 4

Stock Geographic Breakdown

Weighting Category Low Category High GLPAX % Rank Quintile
US
97.82% 55.02% 132.36% 9.72% 2
Non US
1.93% 0.00% 24.03% 20.83% 4

GLPAX - Expenses

Operational Fees

GLPAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.40% 0.81% 7.62% 61.11% 2
Management Fee 0.93% 0.70% 1.25% 8.33% 2
12b-1 Fee 0.25% 0.00% 1.00% 10.42% 2
Administrative Fee N/A 0.03% 0.20% N/A N/A

Sales Fees

GLPAX Fees (% of AUM) Category Low Category High GLPAX Rank Quintile
Front Load 5.50% 4.50% 5.75% 9.09% 2
Deferred Load N/A 1.00% 1.00% N/A N/A

Trading Fees

GLPAX Fees (% of AUM) Category Low Category High GLPAX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover 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.

GLPAX Fees (% of AUM) Category Low Category High GLPAX Rank Quintile
Turnover 68.00% 0.00% 75.00% 4.17% 5

GLPAX - Distributions

Dividend Yield Analysis

GLPAX Category Low Category High GLPAX % Rank Quintile
Dividend Yield 0.5% 0.04% 1.69% 16.67% 3

Dividend Distribution Analysis

GLPAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

GLPAX Category Low Category High GLPAX % Rank Quintile
Net Income Ratio -0.34% -7.28% 8.30% 38.89% 2

Capital Gain Distribution Analysis

GLPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Annually Annually

GLPAX - Managers

Matthew Cooper

Manager

Start Date

Mar 28, 2014

Tenure

4.93

Tenure Rank

9.7%

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.


Kyri Loupis

Manager

Start Date

Mar 28, 2013

Tenure

5.93

Tenure Rank

5.9%

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.


Ganesh V. Jois

Manager

Start Date

Mar 28, 2013

Tenure

5.93

Tenure Rank

5.9%

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.


Tenure Analysis

Category Low

1.1

Category High

8.9

Category Average

5.96

Category Mode

4.2