Morningstar

Goldman Sachs Dynamic Municipal Income Fund Institutional Class GSMTX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $14.62  /  0.00
  • Fund Size $11.8B
  • Adjusted Expense Ratio 0.390%
  • Net Expense Ratio 0.390%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 4.03%
  • Average Effective Duration 5.19 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis GSMTX

Will GSMTX outperform in the 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 GSMTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A steady team but a flexible strategy.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Goldman Sachs Dynamic Municipal Income’s experienced managers and a strong supporting analyst group help this strategy stand out, but the managers’ willingness to take above-average credit risk warrants caution.

by Tom Murphy
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Portfolio Holdings GSMTX

More GSMTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 1.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.18 141M
municipal

Goldman Sachs FS Treasury Intms Instl

1.06 126M
Cash and Equivalents

MASSACHUSETTS ST 5%

0.58 68M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.50 59M
municipal

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 5%

0.44 53M
municipal

CHICAGO ILL BRD ED DEDICATED CAP IMPT 6%

0.41 49M
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 3.281%

0.38 45M
municipal

ST JOHN BAPTIST PARISH LA REV 0.00001%

0.36 43M
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

0.35 42M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.35 41M
municipal

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