GHYCX Performance — Goldman Sachs High Yield Municipal Fund, Class C
Data updated: 2026-08-26
GHYCX returned +3.11% year to date and +6.56% over one year to Jun 2026. Annualised returns are +4.08% over 3 years and −0.04% over 5 years. Against its Long-Term Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $113, against $112 for the category, and to $107 over one year, against $108. Volatility over the past three years was 7.09% a year. In the 12 months to Jun 2026 the fund took in a net $1.7B, and assets reached $13.80B.
GHYCX Growth of $100
What $100 invested in Goldman Sachs High Yield Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | GHYCX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $100 | $103 |
| Since data start (Jul 2019 – Jun 2026) | $112 | $113 |
GHYCX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.11% |
| 1 year | +6.56% |
| 3 years (annualised) | +4.08% |
| 5 years (annualised) | −0.04% |
GHYCX Annual Returns
Calendar-year total returns of Goldman Sachs High Yield Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.11% |
| 2025 | +1.29% |
| 2024 | +4.59% |
| 2023 | +7.04% |
| 2022 | −14.85% |
| 2021 | +4.67% |
| 2020 | +3.84% |
| 2019 (Jul–Dec) | +3.13% |
GHYCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.4% | −2.2% | +1.3% | +0.7% | +1.3% | — | — | — | — | — | — |
| 2025 | +0.5% | +1.2% | −2.1% | −1.6% | −0.6% | +0.5% | −1.7% | +0.7% | +3.4% | +1.1% | +0.1% | −0.1% |
| 2024 | +0.5% | +0.5% | +0.6% | −1.7% | +0.4% | +2.5% | +1.0% | +0.8% | +1.3% | −1.5% | +1.7% | −1.5% |
| 2023 | +4.2% | −2.9% | +1.6% | +0.5% | −0.6% | +0.9% | +0.4% | −1.6% | −3.9% | −2.3% | +7.8% | +3.2% |
| 2022 | −2.8% | −1.0% | −3.6% | −4.0% | +1.1% | −3.8% | +3.7% | −2.4% | −5.8% | −1.9% | +5.6% | −0.5% |
| 2021 | +2.1% | −1.6% | +0.8% | +1.4% | +0.8% | +0.9% | +0.9% | −0.6% | −1.0% | −0.6% | +1.2% | +0.3% |
| 2020 | +2.1% | +2.3% | −10.2% | −3.2% | +3.3% | +3.8% | +2.5% | −0.1% | −0.2% | 0.0% | +2.7% | +1.7% |
| 2019 | — | — | — | — | — | — | +0.6% | +1.8% | −0.4% | +0.1% | +0.2% | +0.7% |
GHYCX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 7.09%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +7.80% (Nov 2023)
- Worst month: −3.90% (Sep 2023)
GHYCX Fund Flows
Monthly money in and out of Goldman Sachs High Yield Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: $1.7B
- 12-month gross sales (incl. reinvestments): $5.2B
- Sales ÷ redemptions: 1.50×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $345.9M | $217.0M | $128.9M |
| May 2026 | $368.7M | $260.8M | $108.0M |
| Apr 2026 | $309.6M | $261.8M | $47.8M |
| Mar 2026 | $333.3M | $258.1M | $75.2M |
| Feb 2026 | $428.1M | $177.2M | $250.9M |
| Jan 2026 | $447.4M | $255.9M | $191.4M |
| Dec 2025 | $442.4M | $440.3M | $2.1M |
| Nov 2025 | $316.7M | $336.1M | −$19.4M |
| Oct 2025 | $381.9M | $294.2M | $87.7M |
| Sep 2025 | $1.0B | $263.5M | $757.6M |
| Aug 2025 | $364.1M | $350.8M | $13.2M |
| Jul 2025 | $451.0M | $363.4M | $87.6M |
GHYCX Assets Under Management
Net assets of Goldman Sachs High Yield Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $13.80B |
| 2026-03-31 | $13.19B |
| 2025-12-31 | $12.82B |
| 2025-09-30 | $12.74B |
| 2025-06-30 | $11.71B |
| 2025-03-31 | $12.07B |
| 2024-12-31 | $11.73B |
| 2024-09-30 | $11.71B |
| 2024-06-30 | $11.10B |
| 2024-03-31 | $10.74B |
| 2023-12-31 | $9.40B |
| 2023-09-29 | $9.35B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.