Goldman Sachs Dynamic Municipal Inc Inst (GSMTX)
| Fund Assets | 11.06B |
| Expense Ratio | 0.40% |
| Min. Investment | $1,000,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 3.78% |
| Dividend Growth | 3.52% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 15.09 |
| YTD Return | -1.20% |
| 1-Year Return | -0.62% |
| 5-Year Return | 4.75% |
| 52-Week Low | 14.62 |
| 52-Week High | 15.60 |
| Beta (5Y) | n/a |
| Holdings | 4682 |
| Inception Date | Aug 15, 1997 |
About GSMTX
Goldman Sachs Dynamic Municipal Income Fund Institutional Class is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is exempt from regular federal income tax. The strategy invests primarily across the U.S. municipal market, spanning general obligation and revenue bonds, and may allocate up to the full portfolio to private activity bonds, whose interest can be subject to the alternative minimum tax. The portfolio targets the intermediate segment of the muni curve, aligning with the Muni National Intermediate category, where typical durations range roughly from four to six years. Management dynamically adjusts sector, credit quality, and curve positioning as valuations and issuance cycles shift, seeking resilient tax-exempt income while managing interest-rate and credit risks inherent to municipal securities. The fund has a long operating history dating to 1997 and institutional share class features oriented to professional allocators. Its benchmark reference includes the Bloomberg Municipal Bond 1–10 Year Blend Index, reflecting its intermediate focus within the investment-grade muni universe.
Performance
GSMTX had a total return of -0.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.88%.
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 | $0.04994 | Aug 29, 2025 |
| Jul 31, 2025 | $0.04952 | Jul 31, 2025 |
| Jun 30, 2025 | $0.04761 | Jun 30, 2025 |
| May 30, 2025 | $0.04953 | May 30, 2025 |
| Apr 30, 2025 | $0.04747 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04842 | Mar 31, 2025 |