GUMIGoldman Sachs Ultra Short Municipal Income ETF

Get income1y track recordRanked #862 of 1,622 in this goal

Seeks a high level of current income with low volatility of principal, exempt from federal income tax.

By Goldman Sachs · Launched 2024

Annual Cost

0.16%

#821 of 5,562 · low cost

Fund Size

$40M

#3,764 of 5,562 · small

Dividend YieldGoal

2.80%

Track Record

1 year

#3,700 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,321+3.2%

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

What it actually holds

By weight

Concentration

Top 10 holdings = 18.7% of fund✓ well diversified

MISSISSIPPI ST BUSINESS FIN CO

3.1%

MASSACHUSETTS ST HLTH & EDUCTN

2.2%

WEST VIRGINIA ST ECON DEV AUTH

2.2%

CALIFORNIA ST MUNI FIN AUTH SO

2.0%

PENNSYLVANIA ST ECON DEV FING

1.8%

NEW JERSEY ST HSG & MTGE FIN A

1.8%

FEDERAL HOME LOAN MTGE CORP MF

1.7%

FRANKLIN CNTY TN HLTH & EDUCTN

1.3%

NEW JERSEY ST HGR EDU ASSISTAN

1.3%

PORT OF PORT ARTHUR TX NAV DIS

1.3%

Asset allocation

Bonds

68.3%

Cash

31.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.1%Low

Year-on-year price swings

Max drawdown

-0.5%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

4.0 years

Avg maturity

10.1 years

Credit ratings

AAA

10.0%

59.0%

19.0%

BBB

1.0%

Other

11.0%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of current income with low volatility of principal, exempt from federal income tax.
Strategy: Invests primarily in municipal securities, focusing on those with short-term credit ratings of at least investment grade. Uses a multi-faceted approach, integrating macro trends and individual security analysis, while maintaining a portfolio duration of approximately 0.5 years.
Inception date: July 23, 2024
Fund family: Goldman Sachs