GCALGoldman Sachs Dynamic California Municipal Income ETF
Seeks a high level of current income exempt from federal and California personal income tax.
By Goldman Sachs · Launched 2024
Annual Cost
0.30%
#1,396 of 5,861 · low cost
Fund Size
$173M
#2,471 of 5,861 · mid-size
Dividend YieldGoal
3.31%
Track Record
2 years
#3,609 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,531+5.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 10.5% of fund✓ well diversified
LOS ANGELES CNTY CALIF PUB WKS FING AUTH
1.7%
GUAM GOVT WTRWKS AUTH
1.1%
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK
1.1%
MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS
1.0%
CALIFORNIA MUN FIN AUTH
1.0%
REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) (CA)
0.9%
CALIFORNIA CMNTY CHOICE FING AUTH
0.9%
PUERTO RICO SALES TAX FINANCING CORP
0.9%
PUERTO RICO COMWLTH
0.9%
SUNOL GLEN UNI SCH DIST CALIF
0.9%
Asset allocation
Bonds
98.8%
Cash
1.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.5%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
3.0%
AA
42.0%
A
21.0%
BBB
13.0%
BB
3.0%
Other
18.0%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks a high level of current income exempt from federal and California personal income tax.
- Strategy
- Actively manages a portfolio primarily invested in fixed income securities issued by California and its political subdivisions, targeting high current income. May invest in non-investment grade municipal securities and utilizes a multi-faceted approach for security selection, integrating ESG factors alongside traditional analysis.
- Inception date
- July 23, 2024
- Fund family
- Goldman Sachs
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Data updated on 2026-08-04