GMNPX Performance — Goldman Sachs MLP Energy Infrastructure Fund, Class P
Data updated: 2026-07-22
GMNPX returned +15.85% year to date and +19.04% over one year to May 2026. Annualised returns are +23.01% over 3 years and +19.51% 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 $186, against $184 for the category, and to $119 over one year, against $147. Volatility over the past three years was 13.34% a year. In the 12 months to May 2026 the fund lost a net $13.6M, and assets reached $1.79B.
GMNPX Growth of $100
What $100 invested in Goldman Sachs MLP 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 | GMNPX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $119 | $147 |
| 3 years (Jun 2023 – May 2026) | $186 | $184 |
| 5 years (Jun 2021 – May 2026) | $244 | $183 |
| Since data start (Sep 2019 – May 2026) | $222 | $228 |
GMNPX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.85% |
| 1 year | +19.04% |
| 3 years (annualised) | +23.01% |
| 5 years (annualised) | +19.51% |
GMNPX Annual Returns
Calendar-year total returns of Goldman Sachs MLP Energy Infrastructure Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +15.85% |
| 2025 | +4.58% |
| 2024 | +28.12% |
| 2023 | +19.82% |
| 2022 | +26.18% |
| 2021 | +40.29% |
| 2020 | −31.06% |
| 2019 (Sep–Dec) | −2.11% |
GMNPX 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 | +6.4% | +7.2% | +1.6% | +3.3% | −3.1% | — | — | — | — | — | — | — |
| 2025 | +6.4% | +1.7% | −0.6% | −7.0% | +1.8% | +2.2% | +0.9% | −0.5% | −1.8% | −1.5% | +4.0% | −0.5% |
| 2024 | +2.3% | +5.2% | +5.5% | −0.8% | −0.3% | +5.0% | +1.2% | +1.1% | −0.2% | +0.2% | +12.4% | −5.5% |
| 2023 | +5.3% | −2.4% | −1.1% | +1.8% | −3.5% | +5.5% | +6.7% | +0.8% | +1.9% | −0.4% | +6.3% | −2.1% |
| 2022 | +8.6% | +5.8% | +4.6% | −1.6% | +5.4% | −13.5% | +11.8% | +2.6% | −8.4% | +14.2% | +2.5% | −5.0% |
| 2021 | +5.1% | +5.7% | +6.1% | +6.9% | +7.1% | +4.5% | −5.5% | −1.8% | +5.4% | +6.4% | −6.3% | +2.0% |
| 2020 | −6.3% | −13.2% | −44.0% | +37.5% | +6.9% | −8.0% | −2.5% | +0.5% | −10.8% | +4.0% | +19.0% | +3.5% |
| 2019 | — | — | — | — | — | — | — | — | +0.8% | −6.0% | −5.0% | +8.7% |
GMNPX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 13.34%
- 3-year Sharpe ratio: 1.39 (vs 4.5% risk-free rate)
- Best month: +12.40% (Nov 2024)
- Worst month: −7.03% (Apr 2025)
GMNPX Fund Flows
Monthly money in and out of Goldman Sachs MLP Energy Infrastructure Fund, from SEC Form N-PORT.
- 12-month net flow: −$13.6M
- 12-month gross sales (incl. reinvestments): $236.9M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $39.6M | $16.4M | $23.3M |
| Apr 2026 | $9.5M | $12.4M | −$2.9M |
| Mar 2026 | $11.7M | $14.1M | −$2.4M |
| Feb 2026 | $42.1M | $20.2M | $21.9M |
| Jan 2026 | $15.3M | $28.2M | −$13.0M |
| Dec 2025 | $12.4M | $35.6M | −$23.2M |
| Nov 2025 | $31.2M | $28.9M | $2.3M |
| Oct 2025 | $12.0M | $30.1M | −$18.2M |
| Sep 2025 | $6.3M | $14.0M | −$7.8M |
| Aug 2025 | $36.8M | $18.9M | $17.8M |
| Jul 2025 | $8.3M | $15.8M | −$7.4M |
| Jun 2025 | $11.7M | $15.8M | −$4.1M |
GMNPX Assets Under Management
Net assets of Goldman Sachs MLP Energy Infrastructure Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.79B |
| 2026-02-28 | $1.78B |
| 2025-11-30 | $1.61B |
| 2025-08-31 | $1.65B |
| 2025-05-31 | $1.63B |
| 2025-02-28 | $1.77B |
| 2024-11-30 | $1.76B |
| 2024-08-31 | $1.60B |
| 2024-05-31 | $1.56B |
| 2024-02-29 | $1.60B |
| 2023-11-30 | $1.65B |
| 2023-08-31 | $1.57B |
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.