GLERX Performance — Goldman Sachs Energy Infrastructure Fund, Class R
Data updated: 2026-07-22
GLERX returned +20.72% year to date and +24.72% over one year to May 2026. Annualised returns are +27.89% over 3 years and +20.88% over 5 years. Against its Commodities category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $209, against $184 for the category, and to $125 over one year, against $147. Volatility over the past three years was 15.00% a year. In the 12 months to May 2026 the fund lost a net $46.5M, and assets reached $473.77M.
GLERX Growth of $100
What $100 invested in Goldman Sachs Energy Infrastructure Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Commodities category average over the same months.
| Period | GLERX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $125 | $147 |
| 3 years (Jun 2023 – May 2026) | $209 | $184 |
| 5 years (Jun 2021 – May 2026) | $258 | $183 |
| Since data start (Sep 2019 – May 2026) | $286 | $228 |
GLERX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.72% |
| 1 year | +24.72% |
| 3 years (annualised) | +27.89% |
| 5 years (annualised) | +20.88% |
GLERX Annual Returns
Calendar-year total returns of Goldman Sachs Energy Infrastructure Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +20.72% |
| 2025 | +4.76% |
| 2024 | +40.30% |
| 2023 | +14.44% |
| 2022 | +20.51% |
| 2021 | +37.54% |
| 2020 | −17.75% |
| 2019 (Sep–Dec) | +3.15% |
GLERX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.5% | +10.0% | +3.5% | +2.5% | −3.6% | — | — | — | — | — | — | — |
| 2025 | +4.2% | +0.7% | +0.8% | −6.4% | +2.5% | +2.9% | −1.1% | +1.1% | +1.1% | −5.5% | +5.4% | −0.2% |
| 2024 | +0.1% | +4.1% | +7.0% | −0.6% | +2.9% | +3.0% | +2.5% | +3.9% | +0.3% | +3.7% | +14.7% | −6.1% |
| 2023 | +4.5% | −3.8% | −1.0% | +1.9% | −4.3% | +7.2% | +5.2% | −0.3% | −0.4% | −0.7% | +6.7% | −0.8% |
| 2022 | +7.9% | +5.1% | +6.2% | −2.0% | +6.3% | −13.3% | +10.7% | +0.6% | −9.8% | +13.0% | +3.8% | −6.1% |
| 2021 | +4.1% | +4.5% | +6.9% | +6.3% | +5.5% | +4.1% | −3.7% | −1.4% | +5.9% | +6.4% | −6.9% | +1.6% |
| 2020 | −4.8% | −10.4% | −34.9% | +30.0% | +6.7% | −3.9% | 0.0% | +1.9% | −10.3% | +1.6% | +17.1% | +2.2% |
| 2019 | — | — | — | — | — | — | — | — | +2.8% | −4.4% | −2.5% | +7.6% |
GLERX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 15.00%
- 3-year Sharpe ratio: 1.56 (vs 4.5% risk-free rate)
- Best month: +14.72% (Nov 2024)
- Worst month: −6.41% (Apr 2025)
GLERX Fund Flows
Monthly money in and out of Goldman Sachs Energy Infrastructure Fund, from SEC Form N-PORT.
- 12-month net flow: −$46.5M
- 12-month gross sales (incl. reinvestments): $99.2M
- Sales ÷ redemptions: 0.68×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.2M | $2.4M | $783K |
| Apr 2026 | $1.7M | $9.8M | −$8.2M |
| Mar 2026 | $3.0M | $4.7M | −$1.7M |
| Feb 2026 | $5.5M | $18.9M | −$13.5M |
| Jan 2026 | $5.0M | $35.9M | −$30.9M |
| Dec 2025 | $46.0M | $22.7M | $23.3M |
| Nov 2025 | $10.8M | $16.1M | −$5.3M |
| Oct 2025 | $5.8M | $9.9M | −$4.1M |
| Sep 2025 | $2.5M | $7.5M | −$5.0M |
| Aug 2025 | $2.1M | $4.1M | −$2.0M |
| Jul 2025 | $2.1M | $8.5M | −$6.5M |
| Jun 2025 | $11.4M | $5.1M | $6.4M |
GLERX Assets Under Management
Net assets of Goldman Sachs Energy Infrastructure Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $473.77M |
| 2026-02-28 | $471.90M |
| 2025-11-30 | $442.05M |
| 2025-08-31 | $461.00M |
| 2025-05-31 | $457.81M |
| 2025-02-28 | $478.65M |
| 2024-11-30 | $476.34M |
| 2024-08-31 | $398.36M |
| 2024-05-31 | $373.42M |
| 2024-02-29 | $332.68M |
| 2023-11-30 | $350.08M |
| 2023-08-31 | $400.62M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.