Goldman Sachs MLP and Energy Rena. Fund:GER

    Manage Alerts

    Overview

    As of 7/26/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$10.62$13.15-19.24%
    52 Wk Avg$8.80$11.00-20.58%
    52 Wk High$12.58$14.47-13.13%
    52 Wk Low$5.70$8.06-28.50%
    Regular Distribution TypeIncome Only
    Distribution Rate6.21%
    Distribution Amount$0.1650
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in MLPs and other energy investments. The Fund may invest up to 20% of its Managed Assets in U.S. and non-U.S. equity and fixed income securities and derivative instruments that are not MLP or other energy investments. The Fund currently expects to concentrate its investments in the energy sector, with an emphasis on midstream MLP investments. The Fund will invest in investments across the energy value chain, including upstream, midstream and downstream investments.

    Capital Structure

    As of 7/26/2021

    Total Investment Exposure:$226.437M
    Total Common Assets:$226.437M
    Common Shares Outstanding:17,219,530
    Leverage

    As of 5/29/2020

    Preferred Share Assets:
    Total Debt (USD): $202.500M
    Regulatory Leverage (USD): $202.500M
    Effective Leverage (USD): $202.500M
    Effective Leverage (%): 69.40%
    Annual Expense Ratios

    As of 11/30/2020

      Per Common Share
    Management Fees1.36%
    Other Expenses:1.76%
    Baseline Expense: N/A
    Interest Expense:23.15%
    Total: 26.27%
    Fund Management

    Fund Sponsor
    Goldman Sachs

    Portfolio Managers
    Matthew Cooper, Kyri Loupis, Ganesh V. Jois

    Basics
    Category: Equity-MLP
    Ticker: GER
    NAV Ticker: XGERX
    Average Daily Volume (shares): 90,197
    Average Daily Volume (USD): $0.775M
    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 7/26/2021

    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.

    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 11/30/2020
    -$0.1487
    Annualized Distribution Rate on NAV:
    As of 7/26/2021
    5.02%
    Total Return on NAV (12 months):
    As of 7/26/2021
    56.95%
    Total % Portfolio Effectively Leveraged:
    As of 7/26/2021
    69.40%

    Pricing Information

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

    As of 7/26/2021

    PeriodAvg Discount
    6 Month-17.50%
    1 Year-20.58%
    3 Year-12.22%
    5 Year-8.59%
    Z-Score

    As of 7/26/2021

    PeriodZStat
    3 Month-1.79
    6 Month-0.81
    1 Year0.36
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2021
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD56.09%40.85%58.51%45.29%
    2020-78.21%-74.25%-61.07%-56.46%
    201911.44%10.86%16.44%13.89%
    2018-20.80%-18.60%-22.39%-17.44%
    2017-6.13%-11.44%-0.56%-5.69%
    201645.36%50.66%34.69%33.32%
    2015-56.43%-54.76%-44.89%-43.81%
    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 6/30/2021
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2021
    36
    Annual Portfolio Turnover:
    As of 11/30/2020
    61.00%
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Energy92.87%
    Sensitive (Super Sector)92.87%
    Utilities3.41%
    Defensive (Super Sector)3.41%
    Cyclical (Super Sector)2.43%
    Financial Services2.43%
    Cash Equivalents (Super Sector)1.17%
    Cash Equivalents1.17%
    Bank Loan0.07%
    Corporate (Super Sector)0.07%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    MPLX LP Partnership Units$22.96M11.30%
    Enterprise Products Partners LP$20.06M9.87%
    Magellan Midstream Partners LP$18.03M8.88%
    Energy Transfer LP$15.86M7.81%
    Plains All American Pipeline LP$14.88M7.32%
    Western Midstream Partners LP$14.22M7.00%
    Crestwood Equity Partners LP$8.23M4.05%
    Phillips 66 Partners LP$7.26M3.58%
    Williams Companies Inc$6.35M3.13%
    Pembina Pipeline Corp$5.97M2.94%
    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity90.28%
    Canada - Equity6.03%
    United Kingdom - Equity2.41%

    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.

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