GHYIX Fees and Costs — Goldman Sachs High Yield Municipal Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.53%: a 0.49% management fee plus 0.06% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 22%.
GHYIX Fees and Expenses
Annual operating expenses and sales charges of GHYIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.55% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GHYIX Costs Over Time
On $10,000 invested in GHYIX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
GHYIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $5.6B
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
GHYIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $7K | 100.00% |
GHYIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.3B | 28.37% |
| FMSBONDS, INC. | $748.8M | 16.82% |
| WELLS FARGO SECURITIES, LLC | $525.8M | 11.81% |
| RBC CAPITAL MARKETS, LLC | $426.8M | 9.59% |
| MORGAN STANLEY & CO. LLC | $389.2M | 8.74% |
| BOFA SECURITIES, INC. | $353.5M | 7.94% |
| PIPER SANDLER & CO. | $230.9M | 5.19% |
| BARCLAYS CAPITAL, INC. | $205.4M | 4.61% |
| JEFFERIES LLC | $154.8M | 3.48% |
| B. C. ZIEGLER AND COMPANY | $153.9M | 3.46% |
Goldman Sachs High Yield Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GGLPX | Class P | 0.52% | — |
| GHYSX | Class R6 | 0.52% | none |
| GHYIX | Institutional Class | 0.53% | none |
| GYIRX | Investor Shares | 0.59% | none |
| GHYAX | Class A | 0.84% | 4.50% |
| GHYCX | Class C | 1.59% | none |
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.