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.
Fund Family Goldman Sachs
Category High Yield Muni
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol GHYIX
Share Class Institutional
Index Bloomberg Municipal Bond High Yield TR
GHYIX had a total return of 6.63% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.38%.
