Goldman Sachs Dynamic Municipal Income’s flexible mandate is still relatively new, and while it is managed by experienced leaders, the group is modestly sized and lost a key manager earlier this year. All of its shares carry Morningstar Analyst Ratings of Neutral except for its pricey, Negative-rated C class.
Goldman Sachs Dynamic Municipal Inc Inst GSMTX
NAV / 1-Day Return
16.55
/
0.01
%
Total Assets
9.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.390%
Expense Ratio
0.390%
Fee Level
Low
Longest Manager Tenure
19.01
years
Category
Muni National Interm
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
1,000,000
Status
Open
TTM Yield
2.45%
Effective Duration
5.95
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
Unusually flexible and newly tested.
