GHYIX: Goldman Sachs High Yield Municipal Fund - MutualFunds.com
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Goldman Sachs High Yield Muni Instl

GHYIX - Snapshot

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 7.2%
  • 5 Yr Annualized Return 6.2%
  • Net Assets $11.3 B
  • Holdings in Top 10 9.1%

52 WEEK LOW AND HIGH

$10.85
$9.99
$10.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

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

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare GHYIX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$18.63

-0.05%

$23.53 B

0.00%

$0.00

5.67%

0.99%

$13.79

0.00%

$11.60 B

0.00%

$0.00

4.55%

0.87%

$10.86

+0.09%

$11.27 B

-

$0.00

4.22%

0.54%

$10.56

0.00%

$11.24 B

-

$0.00

3.83%

1.07%

$17.21

0.00%

$9.64 B

-

$0.00

3.86%

0.67%

GHYIX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.54%
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 4.2% -1.4% 7.1% 30.45%
1 Yr 12.6% 0.4% 18.1% 22.52%
3 Yr 7.2%* 2.3% 9.4% 11.21%
5 Yr 6.2%* 2.0% 7.7% 5.45%
10 Yr 7.2%* 3.8% 9.5% 15.69%

* Annualized

Return Ranking - Calendar

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -10.1% 4.2% 21.50%
2019 7.0% -0.7% 11.7% 10.53%
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 4.2% -1.4% 7.1% 30.45%
1 Yr 12.6% 0.4% 18.1% 17.57%
3 Yr 7.2%* 2.3% 9.4% 8.88%
5 Yr 6.2%* 1.9% 7.7% 4.95%
10 Yr 7.2%* 3.8% 9.5% 14.38%

* Annualized

Total Return Ranking - Calendar

Period GHYIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -10.1% 4.2% 21.50%
2019 7.0% -0.7% 12.0% 12.44%
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 11.3 B 10.5 K 23.5 B 6.73%
Number of Holdings 2423 1 3784 6.70%
Net Assets in Top 10 680 M -39.5 M 3.27 B 15.18%
Weighting of Top 10 9.13% 1.1% 100.0% 87.50%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% 1.34%
  2. Ultra 10 Year US Treasury Note Future June 21 1.30%
  3. Ultra 10 Year US Treasury Note Future June 21 1.30%
  4. Ultra 10 Year US Treasury Note Future June 21 1.30%
  5. Ultra 10 Year US Treasury Note Future June 21 1.30%
  6. Ultra 10 Year US Treasury Note Future June 21 1.30%
  7. Ultra 10 Year US Treasury Note Future June 21 1.30%
  8. Ultra 10 Year US Treasury Note Future June 21 1.30%
  9. Ultra 10 Year US Treasury Note Future June 21 1.30%
  10. Ultra 10 Year US Treasury Note Future June 21 1.30%

Asset Allocation

Weighting Return Low Return High GHYIX % Rank
Bonds
96.69% 0.00% 141.48% 61.16%
Cash
3.30% -1.83% 99.53% 37.50%
Stocks
0.00% -0.08% 3.64% 84.38%
Preferred Stocks
0.00% -42.79% 0.35% 82.14%
Other
0.00% -1.36% 100.00% 83.04%
Convertible Bonds
0.00% 0.00% 0.06% 85.27%

Bond Sector Breakdown

Weighting Return Low Return High GHYIX % Rank
Municipal
96.35% 0.47% 100.00% 61.88%
Cash & Equivalents
3.24% 0.00% 99.53% 42.15%
Corporate
0.40% 0.00% 9.67% 30.94%
Derivative
0.01% 0.00% 1.40% 5.83%
Securitized
0.00% 0.00% 18.80% 85.65%
Government
0.00% 0.00% 0.39% 86.10%

Bond Geographic Breakdown

Weighting Return Low Return High GHYIX % Rank
US
88.85% 0.00% 134.95% 68.75%
Non US
7.84% 0.00% 17.11% 33.93%

GHYIX - Expenses

Operational Fees

GHYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.07% 3.70% 89.00%
Management Fee 0.51% 0.00% 1.60% 61.16%
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% 5.75% 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 N/A 1.00% 1.00% 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 7.00% 7.00% 314.00% 4.55%

GHYIX - Distributions

Dividend Yield Analysis

GHYIX Category Low Category High GHYIX % Rank
Dividend Yield 0.00% 0.00% 0.74% 83.93%

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 3.54% 0.00% 6.78% 47.06%

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

18.51

18.5%

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

1.92

1.9%

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

0.3

0.3%

TBD

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 23.27 7.35 1.61