Goldman Sachs Dynamic Municipal Income Fund Class A (GSMIX)
| Fund Assets | 11.50B |
| Expense Ratio | 0.73% |
| Min. Investment | $1,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 3.32% |
| Dividend Growth | 4.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 15.23 |
| YTD Return | -1.22% |
| 1-Year Return | -1.63% |
| 5-Year Return | 1.35% |
| 52-Week Low | 14.86 |
| 52-Week High | 15.88 |
| Beta (5Y) | n/a |
| Holdings | 4642 |
| 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 -1.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.56%.
Top 10 Holdings
5.32% 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 | 1.04% |
| Goldman Sachs Financial Square Treasury Instruments Fund | FTIXX | 0.71% |
| MASSACHUSETTS ST - Commonwealth of Massachusetts | MA.MAS 5 08.01.2052 | 0.61% |
| ARIZONA ST HLTH FACS AUTH - Arizona Health Facilities Authority | AZ.AZSMED 01.01.2037 | 0.58% |
| S E ALABAMA ST GAS SPLY DIST G - Southeast Alabama Gas Supply District/The | AL.SOUUTL 06.01.2049 | 0.48% |
| EAST CNTY ADVANCED WTR PURIFIC - East County Advanced Water Purification Joint Powers Authority | CA.EAWWTR 3.12 09.01.2026 | 0.40% |
| TEXAS ST MUNI GAS ACQUISITION - Texas Municipal Gas Acquisition and Supply Corp II | TX.TXSUTL 09.15.2027 | 0.40% |
| KENTUCKY ST PUBLIC ENERGY AUTH - Kentucky Public Energy Authority | KY.KYSPWR 12.01.2050 | 0.39% |
| NEW YORK ST DORM AUTH ST PERSO - New York State Dormitory Authority | NY.NYSGEN 5 03.15.2047 | 0.36% |
| PUERTO RICO SALES TAX FING COR - Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | PR.PRCGEN 5 07.01.2058 | 0.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.04403 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04474 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04392 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04578 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04537 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04358 | Jun 30, 2025 |