GSMIX: Goldman Sachs Dynamic Municipal Income Fund - MutualFunds.com
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Goldman Sachs Dynamic Municipal Inc A

GSMIX - Snapshot

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $8.63 B
  • Holdings in Top 10 6.0%

52 WEEK LOW AND HIGH

$16.69
$14.45
$16.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.76%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jun 19, 2020
  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Compare GSMIX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.85

0.00%

$81.84 B

-

$0.00

-0.07%

-

$11.26

0.00%

$33.32 B

-

$0.00

0.00%

-

$13.63

0.00%

$24.55 B

-

$0.00

0.07%

-

$15.95

0.00%

$20.79 B

-

$0.00

0.00%

-

$117.10

+0.04%

$20.43 B

-

-

-0.09%

-

GSMIX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Dynamic Municipal Income Fund
  • Fund Family Name
    Goldman Sachs
  • Inception Date
    Jul 20, 1993
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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. It may invest up to 100% of its net assets in private activity bonds, the interest on which may be a preference item for purposes of the federal alternative minimum tax.


GSMIX - Performance

Return Ranking - Trailing

Period GSMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -1.1% 1.0% 5.55%
1 Yr 3.6% -1.0% 10.1% 71.67%
3 Yr 4.5%* -0.4% 9.8% 18.58%
5 Yr 4.0%* -0.3% 7.8% 15.43%
10 Yr 4.8%* -0.1% 10.2% 23.89%

* Annualized

Return Ranking - Calendar

Period GSMIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 65.60%
2019 4.7% -0.3% 15.4% 19.81%
2018 0.0% -10.3% 97.2% 5.79%
2017 2.4% -100.0% 7.6% 22.97%
2016 -2.2% -7.9% 96.8% 20.88%

Total Return Ranking - Trailing

Period GSMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -1.1% 1.0% 5.55%
1 Yr -0.3% -5.0% 10.1% 92.98%
3 Yr 3.2%* -2.4% 9.8% 58.44%
5 Yr 3.2%* -1.4% 7.8% 38.40%
10 Yr 4.4%* -0.1% 10.2% 32.34%

* Annualized

Total Return Ranking - Calendar

Period GSMIX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 65.60%
2019 4.7% -0.3% 15.4% 20.23%
2018 0.2% -10.3% 11.0% 6.11%
2017 2.4% -100.0% 7.6% 27.41%
2016 -2.2% -7.9% 3.0% 25.58%

NAV & Total Return History


GSMIX - Holdings

Concentration Analysis

GSMIX Category Low Category High GSMIX % Rank
Net Assets 8.63 B 582 K 81.8 B 3.23%
Number of Holdings 3103 3 10805 1.53%
Net Assets in Top 10 493 M -199 M 4.13 B 5.99%
Weighting of Top 10 6.03% 2.4% 100.0% 95.01%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33% 0.95%
  2. ILLINOIS ST 5% 0.71%
  3. METROPOLITAN TRANSN AUTH N Y REV 5% 0.70%
  4. LOS ANGELES CALIF UNI SCH DIST 5.72% 0.70%
  5. NORTH CAROLINA CAP FACS FIN AGY REV 5% 0.51%
  6. PUERTO RICO COMWLTH 8% 0.51%
  7. ILLINOIS ST 5.1% 0.49%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 0.49%
  9. NEW YORK N Y 0.13% 0.49%
  10. PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25% 0.48%

Asset Allocation

Weighting Return Low Return High GSMIX % Rank
Bonds
98.91% 15.80% 147.66% 50.06%
Cash
1.09% -47.66% 84.20% 48.90%
Stocks
0.00% 0.00% 1.92% 99.72%
Preferred Stocks
0.00% -0.96% 1.04% 98.47%
Other
0.00% -13.14% 12.83% 97.68%
Convertible Bonds
0.00% 0.00% 1.50% 98.76%

Bond Sector Breakdown

Weighting Return Low Return High GSMIX % Rank
Municipal
98.68% 15.02% 100.00% 50.48%
Cash & Equivalents
1.09% 0.00% 84.20% 51.05%
Corporate
0.16% 0.00% 15.75% 7.01%
Government
0.07% 0.00% 84.56% 5.14%
Derivative
0.00% 0.00% 0.85% 98.76%
Securitized
0.00% 0.00% 6.51% 98.76%

Bond Geographic Breakdown

Weighting Return Low Return High GSMIX % Rank
US
93.54% 15.80% 141.34% 76.65%
Non US
5.37% 0.00% 28.07% 12.61%

GSMIX - Expenses

Operational Fees

GSMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.01% 16.95% 52.39%
Management Fee 0.35% 0.00% 1.10% 29.00%
12b-1 Fee 0.25% 0.00% 1.00% 61.37%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

GSMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 57.68%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

GSMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

GSMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 299.40% 57.81%

GSMIX - Distributions

Dividend Yield Analysis

GSMIX Category Low Category High GSMIX % Rank
Dividend Yield 0.00% 0.00% 3.00% 99.66%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GSMIX Category Low Category High GSMIX % Rank
Net Income Ratio 2.25% -1.65% 6.48% 57.81%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

GSMIX - Fund Manager Analysis

Managers

Scott Diamond


Start Date

Tenure

Tenure Rank

Mar 01, 2002

18.85

18.9%

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

1.43

1.4%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 35.78 6.93 0.16