Goldman Sachs Dynamic Municipal Inc Inst (GSMTX)

Fund Assets	11.69B
Expense Ratio	0.407%
Min. Investment	$1,000,000
Turnover	24.00%
Dividend (ttm)	0.58
Dividend Yield	4.01%
Dividend Growth	1.74%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	14.52
YTD Return	-2.01%
1-Year Return	-1.01%
5-Year Return	3.36%
52-Week Low	14.33
52-Week High	15.46
Beta (5Y)	0.12
Holdings	4776
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.

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

Performance

GSMTX had a total return of -1.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.87%.

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%
GUIRX	Investor Shares	0.47%
GSMIX	Class A	0.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04796	Sep 30, 2026
Aug 31, 2026	$0.04906	Aug 31, 2026
Jul 31, 2026	$0.04891	Jul 31, 2026
Jun 30, 2026	$0.0472	Jun 30, 2026
May 29, 2026	$0.0485	May 29, 2026
Apr 30, 2026	$0.04855	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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