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The Growth of US Energy

We believe that innovations in energy extraction may continue to support the United States as a leader in energy production and creation of investment opportunities.


 

Enhancements in oil and gas production have revolutionized the US energy industry


Hydraulic fracturing "fracking,” horizontal directional drilling and seismic imaging of shale rock provide access to new supplies of oil and natural gas.

enhancements

The Five Major Shale Plays in the US


Productive shale and basin sites are helping the US become more energy independent.

usMap

Source: GSAM. For illustrative purposes only

Master Limited Partnerships

A Master Limited Partnership (MLP) is a publicly traded partnership that is predominantly involved in energy infrastructure, and as a result, exposed to the growing production of US energy sources. Generally, an investor may purchase MLPs on established US security exchanges, like publicly traded stock.

The History of MLPs


GS MLP Energy Infrastructure Fund

The first MLP was launched in 1981 and aimed to attract smaller investors who typically could not allocate capital to partnership investments.

Over the past decade, MLPs have gained considerable interest from energy-related companies and investors due to a renaissance in US energy production and the differentiated investment characteristics of MLPs.

Today, retail investors can gain access to the MLP market through mutual funds that invest in MLPs and the energy sector.

Source: National Association of Publicly Traded Partnerships, June 30, 2014

The Majority of MLPs in the Alerian Index are not in the Crude Oil Business


GS MLP Energy Infrastructure Fund
67.6%

Natural Gas and Non-oil Focused

32.4%

Oil Focused

alerianHolding

alerianTitle

Source: Bloomberg; GSAM. As of 06/30/16. The economic and market forecasts presented herein are for informational purposes as of the date of this presentation.
There can be no assurance that the forecasts will be achieved. Please see additional disclosures at the end of this presentation.

Midstream Companies Are Often Formed As MLPs


Companies and industries (Midstream) that efficiently connect the producers (Upstream) to the consumers (Downstream) may be poised to profit. 

midstream



 

Power Your Portfolio

The Goldman Sachs MLP Energy Infrastructure Fund offers pure-play MLP exposure at an attractive cost with a history of competitive performance.

GS MLP Energy Infrastructure Fund


GS MLP Energy Infrastructure Fund

★★★

GLPAX

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Overall Morningstar Ratings out of 67 Energy Limited Partnership Funds as of 6/30/20161

★★★

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Institutional

Overall Morningstar Ratings out of 67 Energy Limited Partnership Funds as of 6/30/20161

 

 

Three Reasons to Consider The Goldman Sachs MLP Energy Infrastructure Fund