Goldman Sachs Dynamic Municipal Income Fund Class C (GSMUX)

Fund Assets	11.69B
Expense Ratio	1.53%
Min. Investment	$1,000
Turnover	24.00%
Dividend (ttm)	0.42
Dividend Yield	2.88%
Dividend Growth	2.29%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	14.53
YTD Return	-2.86%
1-Year Return	-2.07%
5-Year Return	-2.02%
52-Week Low	14.34
52-Week High	15.47
Beta (5Y)	0.12
Holdings	4776
Inception Date	Aug 15, 1997

About GSMUX

Goldman Sachs Dynamic Municipal Income Fund Class C is an actively managed municipal bond mutual fund focused on delivering a high level of current income that is generally exempt from regular federal income tax. The strategy invests primarily in a diversified portfolio of investment-grade and selectively non-investment-grade municipal securities across states and sectors, targeting the intermediate portion of the muni curve to balance income with interest rate sensitivity. The fund resides in the Muni National Intermediate category, which typically spans durations of roughly four to six years and disperses holdings to mitigate single-state or sector concentration risk. Management employs credit research and dynamic allocation to adjust exposures as market and policy conditions evolve, including shifts in municipal credit fundamentals and the interest rate environment. The vehicle plays a role in taxable accounts seeking tax-advantaged cash flows from state and local government financing—such as infrastructure, education, and healthcare—while maintaining diversified municipal exposure. Class C shares feature a distribution and service fee structure that differs from other share classes, which can affect net returns and holding period considerations.

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

Performance

GSMUX had a total return of -2.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.73%.

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	$0.03488	Sep 30, 2026
Aug 31, 2026	$0.03523	Aug 31, 2026
Jul 31, 2026	$0.03497	Jul 31, 2026
Jun 30, 2026	$0.03367	Jun 30, 2026
May 29, 2026	$0.03458	May 29, 2026
Apr 30, 2026	$0.03505	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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