Fossil fuel companiesare fueling the climate crisis.


Goldman Sachs Clean Energy Income Fund

Shareclass
Goldman Sachs Clean Energy Income P (GCEPX)
Type
Open-end mutual fund
Sustainability mandate
Fossil fuel exposure of 43.34% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
RWE AG Class A
Carbon Underground 200Top 200 carbon reservesMacroclimate 30Top 30 coal-fired power
$3.06 MILLION
Enel SpA
Macroclimate 30Top 30 coal-fired power
$1.76 MILLION
Xcel Energy Inc
Macroclimate 30Top 30 coal-fired power
$950,628
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
1
holdings
$3.06M
invested
3.64%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
5
holdings
$11.38M
invested
14%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
11
holdings
$23.64M
invested
28%
of portfolio
Utility sector
Top 30 coal-fired utilities
Top 30 coal-fired utilities
Macroclimate 30
3
holdings
$5.77M
invested
6.86%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
19
holdings
$36.47M
invested
43%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
19 holdings
19 holdings
  • 1. NextEra Energy Inc
    Oil/gas industryFossil-fired utility
    $5.56M
    6.6%
  • 2. The AES Corp
    Coal industryOil/gas industryFossil-fired utility
    $4.68M
    5.56%
  • 3. Edison International
    Fossil-fired utility
    $4.42M
    5.25%
  • 4. RWE AG Class A
    Carbon Underground 200Coal industryOil/gas industryMacroclimate 30Fossil-fired utility
    $3.06M
    3.64%
  • 5. SSE PLC
    Oil/gas industryFossil-fired utility
    $2.39M
    2.84%
See all
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Business as usual is fueling climate destruction.
Goldman Sachs Clean Energy Income Fund $GCEPX is 43% ($36.47 MILLION) invested in fossil fuel stocks
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Financial performance
Performance data provided byMorningstarFind more financial data on GCEPX at Morningstar.com
Current fund
GCEPX
Goldman Sachs Clean Energy Income Fund
Family
Goldman Sachs
Category
Miscellaneous Sector
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/29/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 3-yr returns 
-18.38% less in annualized returns
More invested in fossil fuels 
34% more invested
Lower fossil finance risk score 
21 points lower
Lower fossil insurance risk score 
16 points lower
More invested in Clean200 
6.55% more invested
Current fund
GCEPX
Goldman Sachs Clean Energy Income Fund
Family
Goldman Sachs
Category
Miscellaneous Sector
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/29/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 3-yr returns 
-18.38% less in annualized returns
More invested in fossil fuels 
34% more invested
Lower fossil finance risk score 
21 points lower
Lower fossil insurance risk score 
16 points lower
More invested in Clean200 
6.55% more invested
Current fund
GCEPX
Goldman Sachs Clean Energy Income Fund
Family
Goldman Sachs
Category
Miscellaneous Sector
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 2/29/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 3-yr returns 
-18.38% less in annualized returns
More invested in fossil fuels 
34% more invested
Lower fossil finance risk score 
21 points lower
Lower fossil insurance risk score 
16 points lower
More invested in Clean200 
6.55% more invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
GCEPX - Goldman Sachs Clean Energy Income Fund
-22.13%
-11.57%
/
/
43% 
Benchmark
ACWI - iShares MSCI ACWI ETF
23%
6.8%
11%
8.54%
9.32% 
Fund compared to benchmark
 
-45.44%
-18.38%
/
/
34%  higher
Find more financial data on GCEPX at Morningstar.com
What's next?
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