Investment objective & strategy
As of March 27, 2026 · prospectusObjective. The Goldman Sachs Clean Energy Income Fund (the "Fund") seeks total return through current income and capital appreciation.
Strategy. 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. For purposes of the Funds 80% policy discussed above, the Funds investments in clean energy companies may include: U.S. and non-U.S. companies that (i) are constituents of one or more of the Funds stated performance benchmarks; (ii) are classified by the Global Industry Classification Standard (GICS) as part of the Renewable Electricity sub-industry; or (iii) have at least 50% of their assets, income, earnings, sales or profits committed to, or derived from, renewable energy electricity generation (wind, solar, hydrogen, geothermal, biomass, etc.), … 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. For purposes of the Funds 80% policy discussed above, the Funds investments in clean energy companies may include: U.S. and non-U.S. companies that (i) are constituents of one or more of the Funds stated performance benchmarks; (ii) are classified by the Global Industry Classification Standard (GICS) as part of the Renewable Electricity sub-industry; or (iii) have at least 50% of their assets, income, earnings, sales or profits committed to, or derived from, renewable energy electricity generation (wind, solar, hydrogen, geothermal, biomass, etc.), renewable storage and transmission, renewable energy equipment development manufacturing, electrified transport, biofuel production or energy efficiency solutions (including smart grid). Some of the clean energy companies in which the Fund invests, including companies that the Investment Adviser believes are involved in the transition to a more sustainable energy sector, may have operations that involve traditional energy facilities (including oil, gas or other hydrocarbons). The Fund will concentrate its investments in companies in the clean energy group of industries. The Fund intends to focus its investments on clean energy infrastructure companies. The Investment Adviser expects that the Funds investments will be weighted in favor of companies that pay dividends or other current distributions. The Funds investment strategy combines bottom-up company analysis with fundamental real asset research. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations or for risk management purposes. The Investment Adviser may integrate environmental, social and governance (ESG) factors alongside traditional fundamental factors as part of its fundamental research process. No one factor or consideration is determinative in the stock selection process. The Funds investments in U.S. and non-U.S. equity securities may include common stock, preferred stock and depositary receipts. The Fund may invest without restriction as to issuer capitalization (including small- and mid-capitalization companies). A portion of the Funds securities may be denominated in foreign currencies and held outside the United States. The Fund 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 Funds investments in other investment companies (including exchange-traded funds (ETFs)), real estate investment trusts (REITs) and other instruments are counted towards the Funds 80% investment policy to the extent they have economic characteristics similar to the investments included within that policy. The Fund may also invest in privately held companies and companies that only recently began to trade publicly. The Fund may invest in stock, warrants and other securities of special purpose acquisition companies (SPACs). THE FUND IS NON-DIVERSIFIED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (INVESTMENT COMPANY ACT), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS. The Investment Adviser measures the Funds performance against the Clean Energy Income Composite Index, which is comprised of two indices: Eagle Global Renewables Infrastructure Index (Total Return, USD, Unhedged) (50%) and S&P Global Clean Energy Index (Total Return, USD, Unhedged) (50%).
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| RWE AG | — | $3.80M | 8.74% |
| SSE PLC | — | $3.53M | 8.12% |
| EDP SA | — | $2.55M | 5.87% |
| BLOOM ENERGY CORP CL A | — | $2.08M | 4.79% |
| IBERDROLA SA | — | $2.05M | 4.71% |
| TERNA-RETE ELETT | — | $1.89M | 4.35% |
| ORSTED A/S | — | $1.77M | 4.07% |
| ORMAT TECHNOLOGIES INC | — | $1.67M | 3.84% |
| FIRST SOLAR INC | — | $1.63M | 3.75% |
| NEXTRACKER INC CL A | — | $1.59M | 3.66% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| TrueShares Eagle Global Renewable Energy Income ETF · RNWZ | 37% | 0.75% |
| iShares Global Clean Energy ETF · ICLN | 36% | 0.39% |
| Fidelity Clean Energy ETF · FRNW | 35% | 0.39% |
Advisers
| Firm | Role |
|---|---|
| Goldman Sachs Asset Management, L.P. | Adviser |
Footnotes
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.