GCALGoldman Sachs Dynamic California Municipal Income ETF

Get income1y track recordRanked #712 of 1,622 in this goal

Seeks a high level of current income exempt from federal and California personal income tax.

By Goldman Sachs · Launched 2024

Annual Cost

0.30%

#1,472 of 5,562 · low cost

Fund Size

$172M

#2,427 of 5,562 · mid-size

Dividend YieldGoal

3.30%

Track Record

1 year

#3,700 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,670+6.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Focus

ESG

What it actually holds

By weight

Concentration

Top 10 holdings = 11.6% of fund✓ well diversified

CALIFORNIA HSG FIN AGY LTD OBL

1.5%

GUAM GOVT WTRWKS AUTH WTR & WS

1.3%

BAY AREA CA TOLL AUTH TOLL BRI

1.3%

CALIFORNIA ST INFRASTRUCTURE &

1.3%

MATCHING FUND SPL PURPOSE SECU

1.2%

PUERTO RICO SALES TAX FING COR

1.1%

PUERTO RICO CMWLTH

1.0%

GLENDALE CA ELEC WKS REVENUE

1.0%

CHINO CA CMNTY FACS DIST SPL T

1.0%

SANTA RITA CA UNION SCH DIST S

1.0%

Asset allocation

Bonds

95.8%

Cash

4.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.4%Low

Year-on-year price swings

Max drawdown

-4.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.7 years

Avg maturity

10.1 years

Credit ratings

AAA

5.0%

40.4%

21.2%

BBB

13.1%

3.0%

Other

17.2%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of current income exempt from federal and California personal income tax.
Strategy: Invests primarily in California municipal securities, including private activity bonds, with up to 30% in non-investment grade bonds. Uses a multi-faceted approach for security selection, integrating ESG factors and focusing on credit quality and duration management.
Inception date: July 23, 2024
Fund family: Goldman Sachs