GMNYGoldman Sachs Dynamic New York Municipal Income ETF

Get income1y track recordRanked #1,002 of 1,624 in this goal

Seeks a high level of current income exempt from federal and New York State and City personal income taxes.

By Goldman Sachs · Launched 2024

Annual Cost

0.30%

#1,473 of 5,568 · low cost

Fund Size

$39M

#3,795 of 5,568 · small

Dividend YieldGoal

3.32%

Track Record

1 year

#3,702 of 5,568 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,639+6.4%

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 = 15.1% of fund✓ well diversified

NEW YORK CITY NY MUNI WTR FIN

1.9%

TROY NY CAPITAL RESOURCE CORP

1.7%

NEW YORK ST THRUWAY AUTH

1.7%

GUAM GOVT WTRWKS AUTH WTR & WS

1.5%

NEW YORK ST DORM AUTH REVENUES

1.5%

NEW YORK ST DORM AUTH SALES TA

1.4%

NEW YORK ST ENVRNMNTL FACS COR

1.4%

NEW YORK ST DORM AUTH REVENUES

1.3%

WESTCHESTER CNTY NY LOCAL DEV

1.3%

NEW YORK CITY NY INDL DEV AGY

1.3%

Asset allocation

Bonds

91.8%

Cash

8.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-4.0%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

4.5 years

Avg maturity

10.0 years

Credit ratings

AAA

6.9%

34.6%

21.8%

BBB

17.8%

4.0%

1.0%

Other

13.9%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of current income exempt from federal and New York State and City personal income taxes.
Strategy: Invests primarily in fixed income securities issued by New York and its subdivisions, focusing on municipal securities. May include non-investment grade bonds and utilize a multi-faceted approach for security selection, integrating ESG factors and managing duration between two and eight years.
Inception date: July 23, 2024
Fund family: Goldman Sachs