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Trending ETFs

Goldman Sachs High Yield Municipal Fund

mutual fund
GHYIX
Dividend policy
Suspended
Price as of:
$10.56 +0.0 +0%
primary theme
High Yield Municipal Bond
GHYIX (Mutual Fund)

Goldman Sachs High Yield Municipal Fund

Dividend policy
Suspended
Price as of:
$10.56 +0.0 +0%
primary theme
High Yield Municipal Bond
GHYIX (Mutual Fund)
Goldman Sachs High Yield Municipal Fund
Dividend policy
Suspended
Price as of:
$10.56 +0.0 +0%
primary theme
High Yield Municipal Bond

GHYIX - Snapshot

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $10.3 B
  • Holdings in Top 10 8.4%

52 WEEK LOW AND HIGH

$10.56
$9.26
$10.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.57%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme High Yield Municipal Bond
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Compare GHYIX to Popular High Yield Municipal Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$17.98

+0.06%

$20.79 B

0.00%

$0.00

blocked
blocked
blocked

1.99%

0.99%

$13.39

0.00%

$10.61 B

0.00%

$0.00

blocked
blocked
blocked

1.52%

0.87%

$10.31

+0.10%

$10.57 B

-

$0.00

blocked
blocked
blocked

1.38%

1.13%

$10.56

0.00%

$10.34 B

-

$0.00

blocked
blocked
blocked

1.34%

0.57%

$16.77

+0.06%

$8.78 B

-

$0.00

blocked
blocked
blocked

1.21%

0.68%

Compare GHYIX to Popular High Yield Municipal Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

-

-

$3.32 B

-

$0.00

blocked
blocked
blocked

0.99%

0.35%

-

-

$282.39 M

-

$0.00

blocked
blocked
blocked

1.01%

0.35%

$54.87

+0.04%

$182.45 M

3.06%

$1.68

blocked
blocked
blocked

2.27%

0.70%

GHYIX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.91%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs High Yield Municipal Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Apr 03, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Diamond

Fund Description

The fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in fixed income securities issued by or on behalf of states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax.


GHYIX - Performance

Return Ranking - Trailing

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -2.7% 2.8% 27.91%
1 Yr 13.2% 0.4% 17.7% 22.58%
3 Yr 7.1%* 1.8% 9.4% 7.11%
5 Yr 6.5%* 1.9% 8.1% 4.46%
10 Yr 7.5%* 3.8% 9.9% 14.77%

* Annualized

Return Ranking - Calendar

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -10.1% 4.2% 19.62%
2019 7.0% -0.7% 11.7% 10.73%
2018 0.7% -5.7% 95.6% 5.76%
2017 4.6% -0.7% 8.6% 30.59%
2016 -1.3% -6.7% -0.8% 4.94%

Total Return Ranking - Trailing

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -2.7% 2.8% 27.91%
1 Yr 13.2% 0.4% 17.7% 16.13%
3 Yr 7.1%* 1.8% 9.4% 6.16%
5 Yr 6.5%* 1.9% 8.1% 3.96%
10 Yr 7.5%* 3.8% 9.9% 14.77%

* Annualized

Total Return Ranking - Calendar

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -10.1% 4.2% 19.62%
2019 7.0% -0.7% 12.0% 12.68%
2018 0.7% -5.7% 4.2% 9.42%
2017 4.6% -0.7% 9.8% 34.12%
2016 -1.3% -6.1% 1.1% 11.73%

NAV & Total Return History


GHYIX - Holdings

Concentration Analysis

GHYIX Category Low Category High GHYIX % Rank
Net Assets 10.3 B 10.2 K 20.8 B 9.17%
Number of Holdings 2266 6 3547 6.88%
Net Assets in Top 10 808 M -36.7 M 2.81 B 11.47%
Weighting of Top 10 8.43% 1.1% 99.8% 86.24%

Top 10 Holdings

  1. Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329% 1.44%
  2. Jefferson Cnty Ala Swr Rev 6.5% 1.02%
  3. New Jersey St Transn Tr Fd Auth 0% 0.97%
  4. Puerto Rico Sales Tax Fing Corp Sales Tax Rev 5% 0.85%
  5. Chicago Ill Brd Ed 6.5% 0.76%
  6. Illinois St 5% 0.70%
  7. Illinois St 5% 0.69%
  8. Chicago Ill Brd Ed 7% 0.68%
  9. ARIZONA HEALTH FACS AUTH REV 1.01% 0.67%
  10. Buckeye Ohio Tob Settlement Fing Auth 5% 0.65%

Asset Allocation

Weighting Return Low Return High GHYIX % Rank
Bonds
98.54% 0.47% 143.28% 46.79%
Cash
1.46% -6.77% 99.53% 53.21%
Stocks
0.00% 0.00% 3.26% 68.81%
Preferred Stocks
0.00% -43.44% 0.38% 62.84%
Other
0.00% 0.00% 2.43% 68.81%
Convertible Bonds
0.00% -0.98% 0.00% 60.09%

Bond Sector Breakdown

Weighting Return Low Return High GHYIX % Rank
Municipal
98.18% 0.47% 100.00% 52.75%
Cash & Equivalents
1.46% 0.00% 99.53% 52.75%
Government
0.21% 0.00% 0.83% 3.67%
Corporate
0.14% 0.00% 12.24% 24.31%
Derivative
0.01% 0.00% 0.01% 2.29%
Securitized
0.00% 0.00% 17.71% 61.93%

Bond Geographic Breakdown

Weighting Return Low Return High GHYIX % Rank
US
90.57% 0.47% 136.57% 63.76%
Non US
7.97% 0.00% 15.20% 31.19%

GHYIX - Expenses

Operational Fees

GHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.18% 42.32% 91.67%
Management Fee 0.51% 0.00% 1.60% 62.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

GHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 66.67%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 5.10% 314.00% 25.12%

GHYIX - Distributions

Dividend Yield Analysis

GHYIX Category Low Category High GHYIX % Rank
Dividend Yield 0.00% 0.00% 1.53% 64.38%

Dividend Distribution Analysis

GHYIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GHYIX Category Low Category High GHYIX % Rank
Net Income Ratio 3.91% -0.98% 6.78% 28.24%

Capital Gain Distribution Analysis

GHYIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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GHYIX - Fund Manager Analysis

Managers

Scott Diamond


Start Date

Tenure

Tenure Rank

Dec 31, 2002

18.26

18.3%

Mr. Diamond joined the Goldman Sachs Asset Management, L.P. in 2002 as a portfolio manager on the U.S. Municipals team. Before joining the Investment Adviser, Mr. Diamond worked for Prudential Financial for nine years where he served as the portfolio manager for national and state specific mutual funds, as well as managing the municipal portfolio of several institutional accounts.

Joseph Wenzel


Start Date

Tenure

Tenure Rank

Jul 29, 2019

1.67

1.7%

Mr. Wenzel is a member of the municipal fixed income portfolio management team. His current responsibilities include portfolio construction, security selection and trading for municipal separate accounts and mutual funds. Prior to joining the team in 2004, Mr. Wenzel worked for 2 years in the Goldman Sachs Asset Management Compliance Group.

Sylvia Yeh


Start Date

Tenure

Tenure Rank

Mar 12, 2021

0.05

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 23.02 7.27 1.36