About GYIRX
The Goldman Sachs High Yield Municipal Fund Investor Class is a mutual fund focused on providing investors with a high level of current income that is generally exempt from regular federal income tax. The fund primarily invests in high yield, or non-investment grade, municipal bonds issued by U.S. state and local governments or their agencies. By targeting bonds rated below investment grade, the fund aims to deliver superior income relative to traditional municipal bond funds, albeit with higher credit risk. Portfolio holdings typically span a variety of sectors, with recent strengths observed in transportation, hospital, and housing credits. As of mid-2025, the fund maintains a substantial allocation to miscellaneous bonds and actively manages credit exposure to optimize risk-adjusted returns within the high yield municipal landscape. The fund’s role in the market is to offer diversified access to the high yield municipal sector, appealing to investors seeking income with the added benefit of federal tax exemption, while also providing exposure to segments of the municipal market not typically emphasized in investment-grade-focused funds.
Fund Family Goldman Sachs
Category High Yield Muni
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol GYIRX
Share Class Investor Shares
Index Bloomberg Municipal Bond High Yield TR
GYIRX had a total return of 3.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.64%.
