GYISX Fees and Costs — Goldman Sachs Dynamic Municipal Income Fund, Class R6
Data updated: 2026-08-26
The net expense ratio is 0.38%: a 0.34% management fee plus 0.05% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $32K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 24%.
GYISX Fees and Expenses
Annual operating expenses and sales charges of GYISX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.38% |
| 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 |
GYISX Costs Over Time
On $10,000 invested in GYISX, assuming 5% a year before costs, total costs come to $241 over 5 years, cutting the return by 0.40% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $241 |
| Value after costs | $10,460 | $11,445 | $12,522 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
GYISX 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): 0.0003%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $4.5B
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
GYISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $32K | 100.00% |
GYISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $751.4M | 22.14% |
| MORGAN STANLEY & CO. LLC | $591.1M | 17.41% |
| FMSBONDS, INC. | $402.9M | 11.87% |
| BOFA SECURITIES, INC. | $320.7M | 9.45% |
| PIPER SANDLER & CO. | $297.9M | 8.78% |
| RBC CAPITAL MARKETS, LLC | $278.1M | 8.19% |
| Wells Fargo Securities LLC | $269.0M | 7.93% |
| JEFFERIES LLC | $190.7M | 5.62% |
| BARCLAYS CAPITAL, INC. | $155.3M | 4.58% |
| TRB CAPITAL MARKETS, LLC | $137.1M | 4.04% |
Goldman Sachs Dynamic Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GAJPX | Class P | 0.38% | — |
| GYISX | Class R6 | 0.38% | none |
| GSMTX | Institutional Class | 0.39% | none |
| GUIRX | Investor Shares | 0.47% | none |
| GSMIX | Class A | 0.72% | 3.75% |
| GSMEX | Service Class | 0.89% | none |
| GSMUX | Class C | 1.47% | 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.