# Portfolio overlap — GSMIX vs RTHAX Comparing **Goldman Sachs Dynamic Municipal Income Fund** (2026-03-31) and **Tax-Exempt High Yield Bond Fund** (2026-04-30). - Shared positions: 551 - Goldman Sachs Dynamic Municipal Income Fund covered by Tax-Exempt High Yield Bond Fund: 0.1507962120712356530362164818 - Tax-Exempt High Yield Bond Fund covered by Goldman Sachs Dynamic Municipal Income Fund: 0.1507962120712356530362164813 ## Goldman Sachs Dynamic Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | RESTRUCTURED-SER A-2 | 0.010778 | ✓ | | Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund | 0.007555 | | | MASSACHUSETTS ST | 0.005764 | | | BANNER HEALTH OBLIGATED GROUP (MPT) FRN 01-01-37 | 0.005350 | ✓ | | SOUTHEAST ENERGY-E | 0.005063 | | | SOUTHEAST ALA PREP 5% MT | 0.004517 | | | CHICAGO ILLIN 6% 4/1/2046 | 0.004232 | ✓ | | TX ST MUNI GAS-C | 0.003842 | | | NEW YORK ST DORM AUTH ST PERSO NEW YORK STATE DORMITORY AUTHORITY | 0.003491 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.003371 | ✓ | | Detroit, Wayne County, Michigan, General Obligation Bonds, Financial Recovery Series 2014B-1 | 0.003341 | ✓ | | RESTRUCTURED-SER A-2- | 0.003202 | ✓ | | MAIN STR NAT GA 5% MT | 0.003139 | ✓ | | MIATRN 5 10/1/2038 | 0.002976 | | | PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | 0.002924 | ✓ | | DENVER CO UAL LEASE AMT 5.0% 10-01-32 | 0.002779 | ✓ | | Main Street Natural Gas, Inc., Series 2025B | 0.002703 | ✓ | | TOBACCO SETTLEMENT FING CORP V TOBGEN 06/47 ZEROCPNOID 0 | 0.002618 | ✓ | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.002486 | ✓ | | Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | 0.002460 | | | NYC TRANSITIONAL-C-1 | 0.002319 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.002296 | ✓ | | TX TAREDU 11/15/2055 | 0.002283 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A | 0.002271 | | | State of Illinois, Series D | 0.002268 | ✓ | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB | 0.002263 | ✓ | | TRIBOROUGH NY BRIDGE TUNNEL TRBTRN 03/28 FIXED 5 | 0.002244 | | | TRIBOROUGH NY BRIDGE & TUNNEL TRIBOROUGH BRIDGE & TUNNEL AUTHORITY | 0.002237 | | | BATTERY PARK-REF | 0.002229 | | | MAIN STR NAT GA(RCC) 5% 9/1/30MT 53 | 0.002211 | | | STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 4.0% 03-15-43 | 0.002206 | | | STATE OF HAWAII DEPARTMENT OF BUDGET & FINANCE 3.1% 05-01-26 | 0.002175 | | | ST LUKE'S HOSPITAL OBLIGATED GROUP 5.0% 08-15-46 | 0.002134 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2025B | 0.002094 | | | SOUTHEAST ENERGY AUTH VAR | 0.002088 | ✓ | | MI STRAT FND 4.25% 12/31/2038@ | 0.002074 | | | NY NYCDEV 5 11/15/2044 | 0.002048 | ✓ | | PIEDMONT SC MUNI PWR AGY ELEC REVENUE | 0.002006 | | | STHRN CALIFORNIA ST PUBLIC PWR SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY | 0.001955 | | | MUNIBOND | 0.001922 | | | FLORIDA ST DEV FIN CORP REGD V/R B/E AMT 10.00000000 | 0.001902 | ✓ | | Miami-Dade (County of), FL, Series 2017 B, Ref. RB | 0.001891 | | | SALT LAKE CITY UT PUBLIC UTILS REVENUE | 0.001874 | | | RESTRUCTURED-SER A-2 | 0.001869 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.001856 | ✓ | | NY TRANS CORP 5% 7/1/46 @ | 0.001839 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.001833 | ✓ | | NORTHWESTERN MEMORIAL HEALTHCARE OBLIGATED GROUP 4.0% 07-15-47 | 0.001833 | | | California Community Choice Financing Authority, Series 2026 A-1 | 0.001815 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.001798 | | ## Tax-Exempt High Yield Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | U.S. Cash Management Fund | 0.022721 | | | OH BUCGEN 5 06/01/2055 | 0.011235 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.009425 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.009146 | ✓ | | WI PUBTRN 6.5 12/31/2065 | 0.005632 | ✓ | | New York State Dormitory Authority | 0.005206 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.004997 | ✓ | | NY NYCDEV 5 11/15/2044 | 0.004638 | ✓ | | Salt River Project Agricultural Improvement & Power District, Series 2025, RB | 0.004476 | | | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025D | 0.004451 | | | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE | 0.004126 | | | NY TRANS CORP 5.50% 6/30/2054 @ | 0.004044 | | | RESTRUCTURED-SER A-2 | 0.004019 | ✓ | | TUSCLSA AL GOZ 5.25% 5/1/2044 | 0.004011 | | | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018 | 0.004008 | ✓ | | RESTRUCTURED-SER A1 | 0.003644 | ✓ | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.003642 | ✓ | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.003507 | ✓ | | City of Orlando, Series 2026B | 0.003504 | | | TX TRANSPRTN FIN-A | 0.003486 | | | City of New York, Series 2026G | 0.003459 | | | Harris County, Texas, Toll Road Revenue Bonds, Refunding First Lien Series 2024A | 0.003456 | | | Weatherford College of the Parker County Junior College District, Series 2025, RB | 0.003422 | | | UNITED STATES VIRGIN ISLANDS FEDERAL EXCISE TAX 5.0% 10-01-30 | 0.003390 | | | AR ARSDEV 09/01/2046 | 0.003371 | | | MISSOURI ST HLTH & EDUCTNL FACS AUTH | 0.003294 | | | STATE OF NEW JERSEY 4.0% 06-15-45 | 0.003139 | ✓ | | CHICAGO IL BRD OF EDU REGD OID B/E 5.75000000 | 0.002855 | ✓ | | NEW HOPE EDU FACS-A-1 | 0.002847 | ✓ | | CA STWD 5% 12/1/2046 | 0.002792 | ✓ | | NY TRANS CORP 5.375% 6/30/2060 @ | 0.002764 | | | RESTRUCTURED-SER A-2 | 0.002739 | ✓ | | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB | 0.002707 | ✓ | | George L. Smith II GA World Congress Center Auth. Rev. (Convention Center Hotel) A | 0.002650 | | | SOUTH JERSEY PORT NJ 17B AMT SF 5.0% 01-01-42 | 0.002623 | | | Jefferson (County of), AL, Series 2024, Ref. RB | 0.002598 | ✓ | | Toll Road Sr Lien Refunding RB Series 2021A | 0.002579 | ✓ | | MWAA DULLES TOL 4% 10/1/2049 | 0.002497 | ✓ | | NH NFAUTL 6.89 04/01/2034 | 0.002418 | | | PROJECTNEW YORK TRANS | 0.002357 | ✓ | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 4.0% 06-15-52 | 0.002298 | ✓ | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.002280 | ✓ | | BALTIMORE MD WASTEWATER SUB 14C SF 5.0% 07-01-44 | 0.002265 | | | PROMEDICA HEALTHCARE OBLIGATED GROUP 5.25% 11-15-48 | 0.002256 | ✓ | | NJ TRANSPRTN TRUST-CC | 0.002185 | ✓ | | LONGWOOD HOUSING FOUNDATION LLC 5.0% 01-01-40 | 0.002180 | ✓ | | Black Belt Energy Gas District | 0.002161 | ✓ | | Travis County Healthcare District | 0.002157 | | | IL CHITRN 5.25 01/01/2061 | 0.002134 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.002131 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-022103` (as of 2026-03-31) - N-PORT (fund B) — accession `0001410368-26-063588` (as of 2026-04-30) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _