About GLECX
Goldman Sachs MLP Energy Infrastructure Fund Class C is a mutual fund focused on providing total return through a combination of current income and capital appreciation. The fund primarily invests in energy infrastructure companies, with a significant allocation to master limited partnerships (MLPs) and C-Corporations involved in the midstream segment of the North American energy sector. These midstream assets typically include pipelines, storage facilities, and processing plants that support the movement and storage of oil, natural gas, and other energy products. By allocating at least 80% of its assets to these types of investments, the fund aims to capture income streams that are often underpinned by long-term, contracted cash flows. The strategy is designed to offer investors attractive income potential, exposure to the energy infrastructure industry, and potential portfolio diversification, given the unique risk-return profile and tax characteristics of MLPs and related securities. The fund's concentrated focus on energy infrastructure also means its performance is closely tied to trends and developments in energy markets and the broader energy sector.
Fund Family Goldman Sachs
Category Energy Limited Partnership
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol GLECX
Share Class Class C Shares
Index Index is not available on Lipper Database
GLECX had a total return of 26.79% in the past year, including dividends.
Since the fund's inception, the average annual return has been 13.99%.
