Goldman Sachs High Yield Municipal is managed by experienced leaders, though supporting municipal research resources are thin. The process employed is sensible for this strategy's historically aggressive profile, though it doesn't stand out relative to peers. It earns a Morningstar Analyst Rating of Neutral across all but the most expensive share class, which earns a Negative.
Will GHYCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of GHYCX’s parent organization’s priorities and whether they’re in line with investors’ interests.