Goldman Sachs High Yield Municipal Fund Class C GHYCX

Medalist Rating as of Oct 9, 2026 See Goldman Sachs Investment Hub

NAV / 1-Day Return$8.69 / −0.69%
Fund Size$11.4B
Adjusted Expense Ratio1.590%
Net Expense Ratio1.600%
Fee Level: DistributionAverage
Share Class TypeLevel Load
Morningstar CategoryHigh Yield Muni
Fixed-Income Style Box (Funds)—
Minimum Initial Investment$1,000
Investment StatusOpen
TTM Yield3.68%
Average Effective Duration8.27 yrs

NAV and 1-Day Return as of Nov 14, 2026, 1:11:04 AM

Will GHYCX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GHYCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GHYCX 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 GHYCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong team that doesn’t shy away from risk taking.

Tom Murphy

Associate Director

Summary

Goldman Sachs High Yield Municipal's experienced managers and strong supporting analyst group help this team stand out from its high-yield muni peers.

by Tom Murphy

Rated on Oct 9, 2026 Published on Oct 9, 2026

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Portfolio Holdings GHYCX

More GHYCX Holdings

Current Portfolio DateSep 30, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings6.8

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%	1.49	190M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%	0.82	104M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%	0.71	90M	municipal
DETROIT MICH 4%	0.66	84M	municipal
NEW JERSEY ST TRANSN TR FD AUTH 0%	0.59	75M	municipal
NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 5.5%	0.58	74M	municipal
SKYFALL INFRASTRUCTURE FING DIST UTAH SPL ASSMT 7%	0.52	67M	municipal
CHICAGO ILL BRD ED 6.5%	0.48	61M	municipal
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%	0.46	59M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%	0.46	58M	municipal

Goldman Sachs High Yield Municipal Fund Class C GHYCX

Morningstar’s Analysis GHYCX

Will GHYCX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

A strong team that doesn’t shy away from risk taking.

Summary

Portfolio Holdings GHYCX

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

DETROIT MICH 4%

NEW JERSEY ST TRANSN TR FD AUTH 0%

NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 5.5%

SKYFALL INFRASTRUCTURE FING DIST UTAH SPL ASSMT 7%

CHICAGO ILL BRD ED 6.5%

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

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