About GMNPX
The Goldman Sachs MLP Energy Infrastructure Fund Class P is a mutual fund focused on delivering total return through a combination of current income and capital appreciation. Its strategy centers on investing at least 80% of its assets in master limited partnerships (MLPs) and other companies operating within the energy infrastructure sector, such as pipelines, storage facilities, and production handling systems. The fund primarily targets midstream energy firms specializing in the transportation, storage, and processing of oil, natural gas, and refined products, resulting in a portfolio highly concentrated in the energy sector—most notably in leading MLPs like Energy Transfer LP, MPLX LP, and Enterprise Products Partners LP.
With a typical yield around 6%, the fund emphasizes steady income, appealing to investors seeking exposure to the essential infrastructure that underpins North American energy markets. The fund benchmarks its performance against the Alerian MLP Index, reflecting its focus on midstream energy assets. Managed with a mid-value investment style, it is characterized by significant holdings in large-cap energy partnerships, offering diversification within a specialized industry niche and playing a vital role in providing access to infrastructure assets within a portfolio.
Fund Family Goldman Sachs
Category Energy Limited Partnership
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol GMNPX
Share Class Class P Shares
Index Alerian MLP TR
GMNPX had a total return of 25.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 33.18%.
