Fund Evaluator:

Goldman Sachs Clean Energy Income Inv Overview

Goldman Sachs Clean Energy Income Inv (GCEJX) is an actively managed Sector Equity Miscellaneous Sector fund. Goldman Sachs launched the fund in 2020.

The investment seeks total return through current income and capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in U.S. and non-U.S. equity securities issued by clean energy companies. It may invest up to 25% of its total assets (measured at time of purchase) in master limited partnerships ("MLPs") that are taxed as partnerships and may invest up to 20% of its Net Assets in securities of companies that are not clean energy companies. The fund is non-diversified.

About Goldman Sachs Clean Energy Income Inv (GCEJX)

There are 1 members of the management team with an average tenure of 4.25 years: Kristin Kuney (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Eagle Global Rene Infra TR USD index with a weighting of 50% and S&P Global Clean Energy Trnsitn TR USD index with a weighting of 50%. Goldman Sachs Clean Energy Income Inv has 48 securities in its portfolio. The top 10 holdings constitute 48.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is considered to have an ESG focus with its investment selection and management.

Goldman Sachs Clean Energy Income Inv is part of the Equity global asset class and is within the Sector Equity fund group. Goldman Sachs Clean Energy Income Inv has 64.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 33.2%. There is 64.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Goldman Sachs Clean Energy Income Inv has 2.3% of the portfolio in cash.

Assets Under Management

The fund has $907 million in total assets, which is below the $95 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GCEJX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Clean Energy Income Inv expense ratio is high compared to funds in the Miscellaneous Sector category. Goldman Sachs Clean Energy Income Inv has an expense ratio of 1.01%, which is 30% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Clean Energy Income Inv has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 21% for the Miscellaneous Sector category.

Recently, in the month of June 2026, Goldman Sachs Clean Energy Income Inv returned -5.3%, which earned it a grade of C, as the Miscellaneous Sector category had an average return of -1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Goldman Sachs Clean Energy Income Inv has a trailing yield of 1.10%, which is above the 0.52% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Goldman Sachs Clean Energy Income Inv Grades

Year to date, the fund has returned 20.8%, 0.8 percentage points better than the category, which translates into a grade of C. The fund has returned 41.1% over the past year (grade of B), 9.7% over the past three years (grade of D) and 3.0% per year over the past five years (grade of D).

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