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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Goldman Sachs High Yield Municipal Fund

GHYIX | Fund

$9.07

$9.69 B

6.04%

$0.55

0.54%

Vitals

YTD Return

-15.2%

1 yr return

-8.0%

3 Yr Avg Return

1.5%

5 Yr Avg Return

3.8%

Net Assets

$9.69 B

Holdings in Top 10

8.3%

52 WEEK LOW AND HIGH

$9.1
$8.99
$10.75

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Muni

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Goldman Sachs High Yield Municipal Fund

GHYIX | Fund

$9.07

$9.69 B

6.04%

$0.55

0.54%

GHYIX - Profile

Distributions

  • YTD Total Return -15.2%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.21%
DIVIDENDS
  • Dividend Yield 6.0%
  • 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 -15.2% -23.2% -0.6% 54.05%
1 Yr -8.0% -14.0% 4.4% 58.22%
3 Yr 1.5%* -2.2% 4.1% 22.52%
5 Yr 3.8%* 0.2% 4.7% 8.13%
10 Yr 4.8%* 1.8% 5.9% 10.00%

* Annualized

Return Ranking - Calendar

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
2021 2.6% -1.9% 5.6% 32.73%
2020 1.3% -10.1% 4.2% 23.39%
2019 7.0% -0.7% 9.1% 10.85%
2018 0.7% -5.7% 95.6% 6.19%
2017 4.6% -0.7% 8.6% 31.61%

Total Return Ranking - Trailing

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.2% -23.2% -0.6% 53.60%
1 Yr -8.0% -14.0% 4.3% 42.22%
3 Yr 1.5%* -2.2% 3.6% 18.92%
5 Yr 3.8%* 0.2% 4.7% 6.70%
10 Yr 4.8%* 1.8% 5.9% 9.38%

* Annualized

Total Return Ranking - Calendar

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
2021 2.6% -1.9% 5.6% 32.73%
2020 1.3% -10.1% 4.2% 23.39%
2019 7.0% -0.7% 9.1% 12.74%
2018 0.7% -5.7% 95.6% 10.31%
2017 4.6% -0.7% 9.8% 35.06%

NAV & Total Return History

GHYIX - Holdings

Concentration Analysis

GHYIX Category Low Category High GHYIX % Rank
Net Assets 9.69 B 9.79 K 20.2 B 8.04%
Number of Holdings 2889 1 3950 5.80%
Net Assets in Top 10 883 M -102 M 3.41 B 7.14%
Weighting of Top 10 8.29% 1.1% 97.0% 89.69%

Top 10 Holdings

  1. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  2. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  3. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  4. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  5. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  6. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  7. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  8. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  9. Ultra 10 Year US Treasury Note Future Sept 21 4.02%
  10. Ultra 10 Year US Treasury Note Future Sept 21 4.02%

Asset Allocation

Weighting Return Low Return High GHYIX % Rank
Bonds 		99.32% 0.00% 146.69% 44.49%
Cash 		0.68% -3.16% 100.00% 56.25%
Stocks 		0.00% 0.00% 5.80% 96.92%
Preferred Stocks 		0.00% -47.61% 0.32% 95.98%
Other 		0.00% 0.00% 0.18% 97.32%
Convertible Bonds 		0.00% 0.00% 0.00% 96.88%

Bond Sector Breakdown

Weighting Return Low Return High GHYIX % Rank
Municipal 		98.31% 0.00% 100.00% 48.66%
Corporate 		1.01% 0.00% 4.15% 13.39%
Cash & Equivalents 		0.68% 0.00% 100.00% 57.59%
Derivative 		0.00% 0.00% 0.02% 96.88%
Securitized 		0.00% 0.00% 22.44% 96.88%
Government 		0.00% 0.00% 0.09% 96.88%

Bond Geographic Breakdown

Weighting Return Low Return High GHYIX % Rank
US 		90.73% 0.00% 139.84% 62.95%
Non US 		8.59% 0.00% 21.09% 26.79%

GHYIX - Expenses

Operational Fees

GHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.05% 2.63% 88.13%
Management Fee 0.50% 0.00% 1.41% 59.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 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% 4.50% 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 N/A N/A N/A 50.00%

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 13.00% 2.00% 121.00% 20.10%

GHYIX - Distributions

Dividend Yield Analysis

GHYIX Category Low Category High GHYIX % Rank
Dividend Yield 6.04% 0.00% 13.03% 31.72%

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 3.21% 1.11% 5.70% 49.78%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

GHYIX - Fund Manager Analysis

Managers

Scott Diamond

Start Date

Tenure

Tenure Rank

Dec 31, 2002

19.43

19.4%

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

2.84

2.8%

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

1.22

1.2%

TBD

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.34 2.52

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