Goldman Sachs High Yield Municipal is managed by experienced leaders, though supporting municipal research resources are thin. The process employed is sensible for this strategy's historically aggressive profile, though it doesn't stand out relative to peers. It earns a Morningstar Analyst Rating of Neutral across all but the most expensive share class, which earns a Negative.
Goldman Sachs High Yield Muni Inv GYIRX
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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 GYIRX 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 GYIRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the GYIRX 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 GYIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
An adventurous high-yield municipal offering.
