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Morningstar

Goldman Sachs Dynamic Municipal Inc C GSMUX

Morningstar Medalist Rating
Medalist Rating as of | See Goldman Sachs Investment Hub
  • NAV / 1-Day Return 14.48  /  0.68 %
  • Total Assets 8.2 Bil
  • Adj. Expense Ratio
    1.470%
  • Expense Ratio 1.470%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.25%
  • Effective Duration 5.61 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 12:24 AM GMT+0

Morningstar’s Analysis GSMUX

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

People Pillar

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

Flexible, but at the cost of higher risk.

Analyst Thomas Murphy

Thomas Murphy

Analyst

Summary

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.

by Thomas Murphy
Rated on Published on

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Portfolio Holdings GSMUX

More GSMUX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 3924
  • Other Holdings 19
  • % Assets in Top 10 Holdings 5.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.53
127,767,670
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 4.354%

0.79
65,524,938
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.60
49,830,521
municipal

ILLINOIS ST 5%

0.59
49,390,838
municipal

DETROIT MICH 4%

0.46
38,374,401
municipal

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25%

0.40
33,038,405
municipal

TOBACCO SETTLEMENT FING CORP VA 0%

0.39
32,206,602
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4%

0.38
32,091,451
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%

0.38
31,955,245
municipal

NORTH SUMTER CNTY UTIL DEPENDENT DIST FLA UTIL REV 5%

0.38
31,453,300
municipal