Goldman Sachs High Yield Muni Instl (GHYIX)
| Fund Assets | 11.55B |
| Expense Ratio | 0.54% |
| Min. Investment | $1,000,000 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.72% |
| Dividend Growth | 3.40% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.75 |
| YTD Return | -3.94% |
| 1-Year Return | -2.71% |
| 5-Year Return | 2.50% |
| 52-Week Low | 8.69 |
| 52-Week High | 9.51 |
| Beta (5Y) | 0.34 |
| Holdings | 3332 |
| 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 -2.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.17%.
Top 10 Holdings
8.84% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.63% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.12% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2046 | 1.05% |
| FLORIDA DEV FIN CORP REV 12% | FL.FLSDEV 07.15.2032 | 0.96% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 0.90% |
| DETROIT MICH 4% | MI.DET 04.01.2044 | 0.73% |
| SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 5% | AL.SOUUTL 06.01.2049 | 0.71% |
| NEW JERSEY ST TRANSN TR FD AUTH 0% | NJ.NJSTRN 0 12.15.2035 | 0.64% |
| TOBACCO SETTLEMENT FING CORP VA 0% | VA.TOBGEN 0 06.01.2047 | 0.55% |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 5.5% | TX.NHPFAC 5.5 01.01.2057 | 0.54% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Feb 28, 2025 | $0.03118 | Feb 28, 2025 |