Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX)
The investment seeks a high level of current income that is exempt from regular federal income tax and may also consider the potential for capital appreciation. The fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in fixed income securities issued by or on behalf of states, territories and possessions of the United States and the political subdivisions, agencies and instrumentalities thereof, the interest on which is exempt from regular federal income tax.
Fund Info
| ISIN | US38142Y5832 |
|---|---|
| CUSIP | 38142Y583 |
| Issuer | Goldman Sachs |
| Inception Date | Apr 3, 2000 |
| Category | High Yield Muni |
| Min. Investment | $1,000,000 |
| Home Page | www.gsam.com |
| Asset Class | Bond |
Expense Ratio
The Goldman Sachs High Yield Municipal Fund Institutional Class has a high expense ratio of 0.54%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: GHYIX vs. HIMYX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Goldman Sachs High Yield Municipal Fund Institutional Class, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Goldman Sachs High Yield Municipal Fund Institutional Class had a return of -0.24% year-to-date (YTD) and 4.56% in the last 12 months. Over the past 10 years, Goldman Sachs High Yield Municipal Fund Institutional Class had an annualized return of 4.08%, while the S&P 500 had an annualized return of 10.52%, indicating that Goldman Sachs High Yield Municipal Fund Institutional Class did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.24% | 6.92% |
| 1 month | -1.59% | -2.83% |
| 6 months | 11.53% | 23.86% |
| 1 year | 4.56% | 23.33% |
| 5 years (annualized) | 1.52% | 11.66% |
| 10 years (annualized) | 4.08% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.59% | 0.56% | 0.69% | |||||||||
| 2023 | -3.81% | -2.19% | 7.89% | 3.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Goldman Sachs High Yield Municipal Fund Institutional Class(GHYIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Goldman Sachs High Yield Municipal Fund Institutional Class (GHYIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Goldman Sachs High Yield Municipal Fund Institutional Class granted a 4.03% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.39 | $0.36 | $0.33 | $0.36 | $0.21 | $0.40 | $0.42 | $0.44 | $0.45 | $0.45 | $0.44 |
Dividend yield | 4.03% | 4.31% | 4.07% | 3.06% | 3.43% | 2.01% | 4.12% | 4.36% | 4.84% | 4.90% | 4.84% | 5.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs High Yield Municipal Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.04 | $0.03 | $0.05 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2013 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Goldman Sachs High Yield Municipal Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Goldman Sachs High Yield Municipal Fund Institutional Class was 32.25%, occurring on Dec 29, 2008. Recovery took 416 trading sessions.
The current Goldman Sachs High Yield Municipal Fund Institutional Class drawdown is 7.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.25% | May 14, 2007 | 412 | Dec 29, 2008 | 416 | Aug 24, 2010 | 828 |
| -19.01% | Aug 4, 2021 | 310 | Oct 25, 2022 | — | — | — |
| -18.04% | Mar 2, 2020 | 15 | Mar 20, 2020 | 192 | Dec 22, 2020 | 207 |
| -11.91% | May 20, 2013 | 78 | Sep 9, 2013 | 171 | May 14, 2014 | 249 |
| -10.14% | Nov 2, 2010 | 52 | Jan 14, 2011 | 135 | Jul 29, 2011 | 187 |
Volatility
Volatility Chart
The current Goldman Sachs High Yield Municipal Fund Institutional Class volatility is 1.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.