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Morningstar

Goldman Sachs Dynamic Municipal Inc Inst GSMTX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 15.26  /  0.01 %
  • Total Assets 8.0 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.390%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.84%
  • Effective Duration 5.38 years

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 11:14 PM GMT+00:00

Morningstar’s Analysis GSMTX

Will GSMTX 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 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.

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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