Goldman Sachs MLP and Energy Rena. Fund:GER

    Manage Alerts

    Overview

    As of 3/24/2023

     Share
    Price    		NAVPremium/
    Discount
    Current$12.20$15.18-19.63%
    52 Wk Avg$12.82$15.78-18.76%
    52 Wk High$14.17$17.05-16.66%
    52 Wk Low$10.41$13.33-21.69%
    Regular Distribution Type†Income Only
    Distribution Rate7.21%
    Distribution Amount$0.2200
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks a high level of total return with an emphasis on current distributions to shareholders. The Fund seeks to achieve its investment objective by investing primarily in master limited partnership (“MLP”) and other energy investments. The Fund intends to selectively use leverage to seek to achieve its investment objective. It concentrates its investments in the energy sector, with an emphasis on midstream MLP investments. Under normal market conditions, the Fund will invest at least 80% of its managed assets in MLPs and other energy investments.

    Capital Structure

    As of 3/24/2023

    Total Investment Exposure:$259.985M
    Total Common Assets:$232.485M
    Common Shares Outstanding:15,315,219
    Leverage

    As of 3/24/2023

    Preferred Share Assets:
    Total Debt (USD): $27.500M
    Regulatory Leverage (USD): $27.500M
    Effective Leverage (USD): $27.500M
    Effective Leverage (%): 10.58%
    Annual Expense Ratios

    As of 11/30/2022

      Per Common Share
    Management Fees1.11%
    Other Expenses:0.41%
    Baseline Expense: N/A
    Interest Expense:0.28%
    Total: 1.81%
    Fund Management

    Fund Sponsor
    Goldman Sachs Asset Management, L.P.

    Portfolio Managers
    Matthew Cooper, Kyri Loupis

    Basics
    Category: Equity-MLP
    Ticker: GER
    NAV Ticker: XGERX
    Average Daily Volume (shares): 64,150
    Average Daily Volume (USD): $0.821M
    Inception Date: 9/26/2014
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 3/24/2023

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 11/30/2022    		 -$0.0791
    Annualized Distribution Rate on NAV:
    As of 3/24/2023    		5.80%
    Total Return on NAV (12 months):
    As of 3/24/2023    		14.74%
    Total % Portfolio Effectively Leveraged:
    As of 3/24/2023     		10.58%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 3/27/2023

    PeriodAvg Discount
    6 Month-18.63%
    1 Year-18.76%
    3 Year-18.80%
    5 Year-13.56%
    Z-Score

    As of 3/24/2023

    PeriodZStat
    3 Month-1.57
    6 Month-1.31
    1 Year-0.90
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 2/28/2023
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD5.96%2.69%4.32%0.42%
    202231.42%28.67%25.20%21.74%
    202143.92%37.30%56.43%44.11%
    2020-78.21%-74.25%-61.23%-56.67%
    201911.44%10.86%17.37%14.66%
    2018-20.80%-18.60%-22.71%-17.74%
    2017-6.13%-11.44%-0.99%-6.10%
    201645.36%50.66%34.01%32.63%
    2015-56.43%-54.76%-44.56%-43.51%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 2/28/2023
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 12/31/2022    		32
    Annual Portfolio Turnover:
    As of 11/30/2022    		79.00%
    Asset Allocation

    As of 12/31/2022

    Top Sectors

    As of 12/31/2022

    Sector%Portfolio
    Energy97.18%
    Sensitive (Super Sector)97.18%
    Utilities2.08%
    Defensive (Super Sector)2.08%
    Cash Equivalents0.74%
    Cash Equivalents (Super Sector)0.74%
    Top Holdings

    As of 12/31/2022

    HoldingValue% Portfolio
    Energy Transfer LP$22.37M8.31%
    MPLX LP Partnership Units$22.18M8.23%
    Western Midstream Partners LP$21.30M7.91%
    Magellan Midstream Partners LP$19.08M7.08%
    DCP Midstream LP$17.69M6.57%
    Plains All American Pipeline LP$16.07M5.97%
    Targa Resources Corp$16.01M5.95%
    Enterprise Products Partners LP$15.61M5.80%
    Crestwood Equity Partners LP$14.42M5.35%
    Williams Companies Inc$13.01M4.83%
    Country Allocation

    As of 12/31/2022

    Country% Portfolio
    United States - Equity92.58%
    Canada - Equity5.89%
    United Kingdom - Equity0.79%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X

    Powered by Morningstar

    View Morningstar Notice and Disclaimer