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Morningstar

Goldman Sachs High Yield Muni Instl GHYIX

Morningstar Analyst Rating
Analyst rating as of | See Goldman Sachs Investment Hub
  • NAV / 1-Day Return 9.18  /  0.31 %
  • Total Assets 9.0 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.540%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.98%
  • Effective Duration 7.72 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis GHYIX

Will GHYIX 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 GHYIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the GHYIX 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 GHYIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Encouraging developments still need to bear fruit.

Analyst

Summary

| by Thomas Murphy

Goldman Sachs High Yield Municipal’s experienced leaders lean on a supporting analyst group that has undergone some reshuffling in recent years. The process lacks a competitive edge, but an enhanced approach to risk and liquidity management is encouraging. The strategy earns a Morningstar Analyst Rating of Neutral across all but the most expensive share class which earns a Negative.

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