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Goldman Sachs High Yield Muni A (GHYAX) Fund Ranking and Research

Ranking, Research and Recommendation of Goldman Sachs High Yield Muni A (GHYAX) Fund

    Last Trade: $9.71 on 7/25/2016, Change: +0.00 (0%)

 

Graph of Goldman Sachs High Yield Muni A Fund (GHYAX) ManagerFund Manager - Ben Barber

Fund Manager Information

Fund Manager Tenure: 16.3 years
Similar Funds: GHYCX  GHYIX 
Fund Family: Goldman Sachs
Fund Category: High Yield Muni
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.58)     (What does this score mean?)
Barber is managing director and portfolio manager with Goldman Sachs Asset Management, his employer since 1999. Prior to joining the firm, he was with Franklin Advisers from 1991 to 1999. Barber is a member of the National Federation of Municipal Analysts, the California Society of Municipal Analysts and the Municipal Bond Club of San Francisco.  Get more insights on Ben Barber

 

Graph of Goldman Sachs High Yield Muni A Fund (GHYAX) ProfileGoldman Sachs High Yield Muni A Fund (GHYAX) Profile

Fund Profile and Description

Goldman Sachs High Yield Muni A Fund seeks a high level of current income that is exempt from regular federal income tax. Goldman Sachs High Yield Muni A Fund invests, under normal circumstances, a majority of total assets (not including securities lending collateral and any investment of that collateral) measured at time of purchase in high yield Municipal Securities that, at the time of purchase, are medium quality or non-investment grade. Medium quality securities are rated BBB or Baa by a NRSRO, and non-investment grade securities are securities rated BB, BA or below by a NRSRO. It may also invest in higher grade fixed-income securities. Goldman Sachs High Yield Muni A Fund is non-diversified.

 

Goldman Sachs High Yield Muni A (GHYAX) Fund Strength What we like about Goldman Sachs High Yield Muni A (GHYAX) Fund

Data for Goldman Sachs High Yield Muni A Fund (GHYAX) as of May 30, 2016

  • Goldman Sachs High Yield Muni A Fund (GHYAX) management has been with Goldman Sachs High Yield Muni A Fund for 16.3 years
  • Goldman Sachs High Yield Muni A Fund (GHYAX) has good short-term performance (1-year return 7.66% vs 7.20% High Yield Muni category median performance)
  • Goldman Sachs High Yield Muni A Fund (GHYAX) has good Long-term performance (5-year return 7.67% vs 7.24% High Yield Muni category median performance)
  • Goldman Sachs High Yield Muni A Fund (GHYAX) ratio of up-years vs down years is greater than 2
  • Asset base in Goldman Sachs High Yield Muni A Fund (GHYAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Goldman Sachs High Yield Muni A Fund (GHYAX) has an annual stock turnover rate of 14.00% vs High Yield Muni average of 21.59%. It is good that Goldman Sachs High Yield Muni A management does not trade extensively for its return.
  • Goldman Sachs High Yield Muni A Fund (GHYAX) has a lower expense ratio than its High Yield Muni average: 0.86% vs 0.94%

Goldman Sachs High Yield Muni A Fund (GHYAX) Weakness What we are cautious about Goldman Sachs High Yield Muni A (GHYAX) Fund

Data for Goldman Sachs High Yield Muni A Fund (GHYAX) as of May 30, 2016

  • Goldman Sachs High Yield Muni A Fund (GHYAX) has a less-than-ideal mid-term performance (3-year return 4.53% vs 4.69% High Yield Muni category median performance)
  • Goldman Sachs High Yield Muni A Fund (GHYAX) has a Morningstar rating of 3 and below
  • Goldman Sachs High Yield Muni A Fund (GHYAX) is less safe compared to its High Yield Muni peers
  • Goldman Sachs High Yield Muni A Fund (GHYAX) is more volatile than its peers as it has a 3-year Standard Deviation of 5.7 that is higher than category average of 5.19
  • Goldman Sachs High Yield Muni A Fund (GHYAX) carries a 4.5% load
See Goldman Sachs High Yield Muni A Fund (GHYAX) performance details as of May 30, 2016

 

What do you think?

 

Compare Goldman Sachs High Yield Muni A Fund (GHYAX)Compare with other top High Yield Muni category mutual funds

Aadditional top High Yield Muni mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Goldman Sachs High Yield Muni A4.727.664.537.67
American High-Income Municipal Bond A (AMHIX)3.957.345.437.81Compare
Columbia High Yield Muni Z (SRHMX)2.966.485.407.65Compare
Federated Municipal High Yield Adv F (FHTFX)3.767.205.267.52Compare

See top fund managers for High Yield Muni Category Funds

 

Compare Goldman Sachs High Yield Muni A Fund (GHYAX)Compare with High Yield Muni category ETFs

Some High Yield Muni ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors High-Yield Municipal ETF (HYD)4.66%8.12%4.07%
SPDR Nuveen S&P High Yield Muni Bd ETF (HYMB)4.17%7.38%4.98%

 

Graph of Goldman Sachs High Yield Muni A Fund (GHYAX) Net Asset TrackingGoldman Sachs High Yield Muni A (GHYAX) Fund Net Asset

Track net asset change of Goldman Sachs High Yield Muni A fund (GHYAX)

DateNet Asset
05/2016$4.33B
03/2016$4.11B
02/2016$3.99B
More historic net asset information on Goldman Sachs High Yield Muni A Fund (GHYAX)

  

Graph of Goldman Sachs High Yield Muni A Fund (GHYAX) Portfolio TrackingGoldman Sachs High Yield Muni A (GHYAX) Fund Portfolio Allocation

Track portfolio allocation change of Goldman Sachs High Yield Muni A fund (GHYAX)

DateCashStockBondOther
03/20163.53%0%96.13%0.34%
12/20152.09%0%96.63%1.28%
09/20153.12%0%96.43%0.45%
Click here to see more historic asset allocation information on Goldman Sachs High Yield Muni A Fund (GHYAX)

 

graph of Goldman Sachs High Yield Muni A Fund (GHYAX) Top 10 Position TrackingTop 10 Holdings in Goldman Sachs High Yield Muni A (GHYAX) Fund

Discover what Goldman Sachs High Yield Muni A Fund (GHYAX) manager is buying

Mar 30, 2016
Jefferson Cnty Ala Swr Rev Swr Rev 6.5% [2.07%]
Chicago Ill Brd Ed Ult Tax G 7% [1.99%]
Golden St Tob Securitization C Enh 0.01% [1.57%]
Buckeye Ohio Tob Settlement Fi To 5.875% [1.48%]
Buckeye Ohio Tob Settlement Fi To 5.125% [1.17%]
Buckeye Ohio Tob Settlement Fi Toba 6.5% [1.12%]
Milledgeville-Baldwin Cnty Ga Var Ref R [1.07%]
Geisinger Auth [1.06%]
Metropolitan Wash D C Arpts Au Second Li [1.01%]
Puerto Rico Comwlth Aqueduct & Rev Bd 6% [0.94%]

Dec 30, 2015
Jefferson Cnty Ala Swr Rev Swr Rev 6.5% [2.25%]
Buckeye Ohio Tob Settlement Fi To 5.875% [1.3%]
Milledgeville-Baldwin Cnty Ga Var Ref R [1.28%]
Geisinger Auth [1.23%]
Buckeye Ohio Tob Settlement Fi Toba 6.5% [1.17%]
Metropolitan Wash D C Arpts Au Second Li [1.11%]
Puerto Rico Comwlth Aqueduct & Rev Bd 6% [1.06%]
Golden St Tob Securitization C Enh 0.01% [1.05%]
Durbin Crossing Cmnty Dev Dist 5.5% [1.03%]
New Orleans La Aviation Brd Re Ge 0.123% [0.98%]

Sep 29, 2015
Jefferson Cnty Ala Swr Rev Swr Rev 6.5% [2.33%]
Milledgeville-Baldwin Cnty Ga Var Ref R [1.33%]
Geisinger Auth [1.26%]
Buckeye Ohio Tob Settlement Fi To 5.875% [1.25%]
Buckeye Ohio Tob Settlement Fi Toba 6.5% [1.23%]
Puerto Rico Comwlth Aqueduct & Rev Bd 6% [1.2%]
Durbin Crossing Cmnty Dev Dist 5.5% [1.17%]
Metropolitan Wash D C Arpts Au Second Li [1.16%]
New Jersey Health Care Facs Fi Re 6.625% [1.07%]
North Tex Twy Auth 0.02% [1.07%]
Click here for Stock Holding Change Map in Goldman Sachs High Yield Muni A Fund (GHYAX)

  

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