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Morningstar

Goldman Sachs High Yield Muni Inv GYIRX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 9.20  /  0.01 %
  • Total Assets 8.9 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.600%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.01%
  • Effective Duration 7.72 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis GYIRX

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.

Encouraging developments still need to bear fruit.

Analyst

Summary

| by Thomas Murphy

Goldman Sachs High Yield Municipal’s experienced leaders lean on a supporting analyst group that has undergone some reshuffling in recent years. The process lacks a competitive edge, but an enhanced approach to risk and liquidity management is encouraging. The strategy earns a Morningstar Analyst Rating of Neutral across all but the most expensive share class which earns a Negative.

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