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Morningstar

Goldman Sachs Dynamic Municipal Inc Svc GSMEX

Morningstar Analyst Rating
Analyst rating as of | See Goldman Sachs Investment Hub
  • NAV / 1-Day Return 15.38  /  0.11 %
  • Total Assets 8.1 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.890%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.31%
  • Effective Duration 5.38 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:11 PM GMT+00:00

Morningstar’s Analysis GSMEX

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

People Pillar

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

Flexible, but at the cost of higher risk.

Analyst

Summary

| by Thomas Murphy

Goldman Sachs Dynamic Municipal Income’s flexible mandate is managed by experienced leaders, but the analyst team has undergone some reshuffling that has left the group with only a few veterans on the bench. The strategy earns a Morningstar Analyst Ratings of Neutral except for the two most expensive share classes, which are rated Negative.

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