Goldman Sachs High Yield Municipal Fund Class A (GHYAX)
| Fund Assets | 13.05B |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.12% |
| Dividend Growth | 4.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.10 |
| YTD Return | -3.77% |
| 1-Year Return | -2.70% |
| 5-Year Return | -2.06% |
| 52-Week Low | 8.79 |
| 52-Week High | 9.54 |
| Beta (5Y) | n/a |
| Holdings | 3500 |
| Inception Date | Apr 3, 2000 |
About GHYAX
Goldman Sachs High Yield Municipal Fund Class A is a mutual fund specializing in high yield municipal bonds. Its primary purpose is to generate a high level of current income that is exempt from regular federal income tax, with a secondary consideration for capital appreciation. The fund focuses on municipal securities that are rated medium quality or below investment grade at the time of purchase, resulting in higher yields but also greater credit and liquidity risks compared to traditional investment-grade municipal funds. It may allocate up to 100% of its assets to private activity bonds, whose interest could be subject to the federal alternative minimum tax. The portfolio is broadly diversified, often holding thousands of individual bonds across sectors such as transportation, healthcare, and housing, with significant positions in issuers like Puerto Rico Sales Tax Financing Corporation and Buckeye Tobacco Settlement Financing Authority. As of recent reports, the fund had over $9 billion in assets under management and maintained a moderate expense ratio. Investors benefit from monthly dividend distributions, making the fund a key vehicle for those seeking regular, tax-advantaged income. The fund plays a notable role within the municipal bond market, providing financing for a wide array of public projects while serving investors looking to balance higher income potential against greater market risks.
Performance
GHYAX had a total return of -2.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.54%.
Top 10 Holdings
7.56% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.54% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.03% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 0.83% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 0.76% |
| DETROIT MICH 4% | MI.DET 04.01.2044 | 0.66% |
| NEW JERSEY ST TRANSN TR FD AUTH 0% | NJ.NJSTRN 0 12.15.2035 | 0.65% |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 5.5% | TX.NHPFAC 5.5 01.01.2057 | 0.62% |
| NEW JERSEY ST TRANSN TR FD AUTH 0% | NJ.NJSTRN 0 12.15.2036 | 0.50% |
| CHICAGO ILL BRD ED 6.5% | IL.CHIEDU 6.5 12.01.2046 | 0.49% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 0.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03376 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03325 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03242 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03313 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03245 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03415 | Aug 29, 2025 |