Goldman Sachs High Yield Muni Instl (GHYIX)
| Fund Assets | 11.61B |
| Expense Ratio | 0.54% |
| Min. Investment | $1,000,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 4.60% |
| Dividend Growth | 3.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.04 |
| YTD Return | -1.09% |
| 1-Year Return | -0.83% |
| 5-Year Return | 5.86% |
| 52-Week Low | 8.69 |
| 52-Week High | 9.51 |
| Beta (5Y) | 0.35 |
| Holdings | 3392 |
| Inception Date | Apr 3, 2000 |
About GHYIX
Goldman Sachs High Yield Municipal Fund Institutional Class is a mutual fund centered on generating a high level of current income that is exempt from regular federal income tax. This fund primarily invests in a diversified portfolio of high-yield municipal securities, which are predominantly rated below investment grade or are unrated, positioning it within the high-yield municipal bond category. With an institutional share class and a relatively high minimum investment, the fund caters to larger investors seeking tax-advantaged income streams. The fund actively manages exposure to various sectors within the municipal bond market, including transportation, hospitals, and housing, often targeting credits that offer above-average yield potential relative to traditional municipal bonds. Its portfolio typically consists of hundreds of holdings, helping to mitigate issuer-specific risk. Because it invests in lower-rated securities, the fund is subject to higher credit risk, but it provides the opportunity for enhanced yields compared to investment-grade municipal bond funds. Managed by Goldman Sachs Asset Management, this fund holds a notable position in the high-yield municipal space and may serve institutions or sophisticated investors seeking to diversify fixed income holdings while gaining access to potentially higher, federally tax-exempt income.
Performance
GHYIX had a total return of -0.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.29%.
Top 10 Holdings
8.49% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING COR - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 5 07.01.2058 | 1.54% |
| BUCKEYE OH TOBACCO SETTLEMENT - Buckeye Tobacco Settlement Financing Authority | OH.BUCGEN 5 06.01.2055 | 1.13% |
| PUERTO RICO SALES TAX FING COR - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 0 07.01.2046 | 1.03% |
| FLORIDA ST DEV FIN CORP - Florida Development Finance Corp | FL.FLSDEV 07.15.2032 | 0.95% |
| PUERTO RICO SALES TAX FING COR - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 4.33 07.01.2040 | 0.83% |
| City of Detroit MI | MI.DET 04.01.2044 | 0.71% |
| NEW JERSEY ST TRANSPRTN TRUST - New Jersey Transportation Trust Fund Authority | NJ.NJSTRN 0 12.15.2035 | 0.65% |
| NEW HOPE CULTURAL EDU FACS FIN - New Hope Cultural Education Facilities Finance Corp | TX.NHPFAC 5.5 01.01.2057 | 0.60% |
| CHICAGO IL BRD OF EDU - Chicago Board of Education | IL.CHIEDU 6.5 12.01.2046 | 0.53% |
| CALIFORNIA ST INFRASTRUCTURE & - California Infrastructure & Economic Development Bank | CA.CASDEV 01.01.2065 | 0.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03647 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03608 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03463 | Jun 30, 2025 |
| May 30, 2025 | $0.03538 | May 30, 2025 |
| Apr 30, 2025 | $0.03414 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03566 | Mar 31, 2025 |