Sylvia Yeh’s appointment to the management roster on Goldman Sachs’ municipal funds effective March 12, 2021, does not have a material impact on the strategies’ ratings; Goldman Sachs Short Duration Tax-Free, Goldman Sachs Dynamic Municipal Income, and Goldman Sachs High Yield Municipal retain their People Pillar ratings of Average as well as their current Morningstar Analyst Ratings.
Goldman Sachs High Yield Muni A GHYAX
NAV / 1-Day Return
10.75
/
0.07
%
Total Assets
11.2 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.850%
Expense Ratio
0.850%
Fee Level
Average
Longest Manager Tenure
18.47
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
1,000
Status
Open
TTM Yield
2.91%
Effective Duration
7.31
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will GHYAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GHYAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GHYAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of GHYAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
New Manager Addition Does Not Affect Ratings on Goldman Sachs Municipal Fund Offerings
