Goldman Sachs Dynamic Municipal Inc Svc (GSMEX)

Fund Assets	11.69B
Expense Ratio	0.935%
Min. Investment	$0.00
Turnover	24.00%
Dividend (ttm)	0.51
Dividend Yield	3.49%
Dividend Growth	1.96%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	14.59
YTD Return	-2.42%
1-Year Return	-1.54%
5-Year Return	0.83%
52-Week Low	14.40
52-Week High	15.54
Beta (5Y)	0.25
Holdings	4776
Inception Date	Aug 15, 1997

About GSMEX

Goldman Sachs Dynamic Municipal Income Fund Service Shares is an open-end mutual fund focused on providing a high level of current income that is exempt from regular federal income tax. The core strategy involves investing primarily in municipal securities, such as bonds issued by state and local governments across the United States, which fund public infrastructure and community projects. The fund seeks to maintain an intermediate duration, typically targeting portfolios with an effective duration between four and six years, balancing income generation with interest rate risk management. With a broad allocation across regions and sectors, it diversifies exposure and aims to reduce single-issuer risk. The fund is managed by a team at Goldman Sachs Asset Management with significant experience in municipal fixed income markets. The income earned from its holdings is generally free from federal taxes, making it especially relevant for investors seeking tax-efficient income solutions. Its positioning within the muni national intermediate fund category reflects its focus on general and insured municipal debt instruments, catering to investors with moderate risk profiles and emphasizing stability and tax-exempt yield within the broader fixed income market context.

• Fund Family: Goldman Sachs
• Category: Muni National Interm
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: GSMEX
• Share Class: Service
• Index: Bloomberg Municipal Bond 1-10 Y Blend TR

Performance

GSMEX had a total return of -1.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.35%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
GAJPX	Class P Shares	0.38%
GYISX	Class R6 Shares	0.38%
GSMTX	Institutional	0.39%
GUIRX	Investor Shares	0.47%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04216	Sep 30, 2026
Aug 31, 2026	$0.04328	Aug 31, 2026
Jul 31, 2026	$0.04274	Jul 31, 2026
Jun 30, 2026	$0.04099	Jun 30, 2026
May 29, 2026	$0.04235	May 29, 2026
Apr 30, 2026	$0.04261	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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