Goldman Sachs High Yield Municipal Fund Institutional Class is a mutual fund centered on generating a high level of current income that is exempt from regular federal income tax. This fund primarily invests in a diversified portfolio of high-yield municipal securities, which are predominantly rated below investment grade or are unrated, positioning it within the high-yield municipal bond category. With an institutional share class and a relatively high minimum investment, the fund caters to larger investors seeking tax-advantaged income streams. The fund actively manages exposure to various sectors within the municipal bond market, including transportation, hospitals, and housing, often targeting credits that offer above-average yield potential relative to traditional municipal bonds. Its portfolio typically consists of hundreds of holdings, helping to mitigate issuer-specific risk. Because it invests in lower-rated securities, the fund is subject to higher credit risk, but it provides the opportunity for enhanced yields compared to investment-grade municipal bond funds. Managed by Goldman Sachs Asset Management, this fund holds a notable position in the high-yield municipal space and may serve institutions or sophisticated investors seeking to diversify fixed income holdings while gaining access to potentially higher, federally tax-exempt income.
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