Goldman Sachs Dynamic Municipal Inc A (GSMIX)
| Fund Assets | 11.06B |
| Expense Ratio | 0.73% |
| Min. Investment | $1,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.52 |
| Dividend Yield | 3.31% |
| Dividend Growth | 3.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 15.10 |
| YTD Return | -1.49% |
| 1-Year Return | -1.14% |
| 5-Year Return | 3.04% |
| 52-Week Low | 14.63 |
| 52-Week High | 15.60 |
| Beta (5Y) | n/a |
| Holdings | 4682 |
| Inception Date | Jul 20, 1993 |
About GSMIX
Goldman Sachs Dynamic Municipal Income Fund Class A is an open‑end municipal bond fund designed to deliver a high level of current income that is exempt from regular federal income tax. It primarily invests in a diversified portfolio of tax‑exempt municipal securities across states and sectors, positioning in the intermediate segment of the market to balance income with interest‑rate sensitivity typical of muni national intermediate peers. The strategy employs active management, using dynamic sector and credit allocation—such as special assessment, hospital, airport, and sales tax revenue bonds—to capture opportunities while managing risk through broad diversification. The fund targets an intermediate duration profile consistent with portfolios in the four‑to‑six‑year range, aiming to preserve capital while generating tax‑advantaged distributions. It offers monthly income and features a front‑load share class structure with an expense ratio in the low‑to‑mid 0.7% range, alongside a modest minimum initial investment. By focusing on federally tax‑exempt income and multi‑state exposure, Goldman Sachs Dynamic Municipal Income Fund Class A serves investors seeking diversified municipal bond exposure and consistent, tax‑efficient cash flows.
Performance
GSMIX had a total return of -1.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.36%.
Top 10 Holdings
5.06% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING COR - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 4.33 07.01.2040 | 1.06% |
| ARIZONA ST HLTH FACS AUTH - Arizona Health Facilities Authority | AZ.AZSMED 01.01.2037 | 0.58% |
| TEXAS ST MUNI GAS ACQUISITION - Texas Municipal Gas Acquisition and Supply Corp II | TX.TXSUTL 09.15.2027 | 0.56% |
| S E ALABAMA ST GAS SPLY DIST G - Southeast Alabama Gas Supply District/The | AL.SOUUTL 06.01.2049 | 0.48% |
| MASSACHUSETTS ST - Commonwealth of Massachusetts | n/a | 0.46% |
| FLORIDA ST DEV FIN CORP - Florida Development Finance Corp | FL.FLSDEV 07.15.2032 | 0.42% |
| EAST CNTY ADVANCED WTR PURIFIC - East County Advanced Water Purification Joint Powers Authority | CA.EAWWTR 3.12 09.01.2026 | 0.41% |
| KENTUCKY ST PUBLIC ENERGY AUTH - Kentucky Public Energy Authority | KY.KYSPWR 12.01.2050 | 0.39% |
| City of Detroit MI | MI.DET 04.01.2044 | 0.36% |
| PUERTO RICO SALES TAX FING COR - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 5 07.01.2058 | 0.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.04578 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04537 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04358 | Jun 30, 2025 |
| May 30, 2025 | $0.04536 | May 30, 2025 |
| Apr 30, 2025 | $0.04344 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04416 | Mar 31, 2025 |