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Name

As of 09/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Access Emerging Markets USD Bond ETF

GEMD | ETF

$41.94

$57.5 M

5.06%

$2.11

0.45%

Vitals

YTD Return

6.6%

1 yr return

14.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$57.5 M

Holdings in Top 10

10.6%

52 WEEK LOW AND HIGH

$41.8
$36.95
$42.14

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 09/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs Access Emerging Markets USD Bond ETF

GEMD | ETF

$41.94

$57.5 M

5.06%

$2.11

0.45%

GEMD - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Access Emerging Markets USD Bond ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Feb 17, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Todd Henry

Fund Description

The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index.The Index is a rules-based index that is designed to measure the performance of investment grade and high yield bonds issued by emerging market governments or quasi-government entities denominated in U.S. dollars (“USD”) that meet certain liquidity, governance and fundamental screening criteria. As of November 30, 2023, there were 548 constituents in the Index and the Index had a weighted average maturity of 11.97 years.The Index is a custom index that is owned and calculated by FTSE Fixed Income LLC (“FTSE”), a trading name of the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group” or the “Index Provider”). The Index is based on the government and quasi-government bonds of the FTSE Emerging Markets Broad Bond Index (the “Reference Index”) using concepts developed with Goldman Sachs Asset Management, L.P. (“GSAM”).Given the Fund’s investment objective of attempting to track the Index, the Fund does not follow traditional methods of active investment management, which may involve buying and selling securities based upon analysis of economic and market factors.The Index Provider constructs the Index in accordance with a rules-based methodology that involves two steps.Step 1In the first step, the Index Provider defines a universe of potential index constituents (the “Universe”) by applying specified criteria to the constituents of the Reference Index. The Reference Index includes sovereign and quasi-sovereign debt issued in USD with a minimum of $500 million and $250 million outstanding, respectively, that is rated at least C by S&P Global Ratings (“S&P”) or Ca by Moody’s Investors Service, Inc. (“Moody’s”). Only constituents of the Reference Index that have a minimum issue equivalent of $500 million outstanding, a minimum issuer size of $1 billion, and are rated at least B- by S&P or B3 by Moody’s are included in the Universe. The weight of each country within the Universe is capped at 5%. A maturity bucketing process is used to approximate the average effective duration of the Reference Index.Step 2In the second step, the Index Provider applies both governance and fundamental screens to the Universe. First, issuers are ranked by improvement or deterioration in governance based on the Worldwide Governance Indicators. Based on this ranking, the bottom 10% of issuing countries are excluded from the Universe. Second, issuers are ranked by improvement or deterioration in two fundamental factors, import coverage and inflation. Based on this second ranking, the bottom 5% of issuing countries are excluded from the Universe. Inclusion or exclusion of quasi-government bonds is based on the country of domicile.The Index is normally rebalanced (i) monthly on the last business day of each month, to account for changes in liquidity (minimum issue and issuer size), maturities or ratings migration, and duration, and (ii) quarterly, to account for updates to the constituents on the basis of the governance and fundamental screens.As of November 30, 2023, issuers from 39 emerging market countries were included in the Index. The majority of these countries are likely to be located in Africa, Asia, the Middle East, Eastern and Central Europe and Central and South America. The countries included in the Index may change over time. The percentage of the portfolio exposed to any country or geographic region will vary from time to time as the weightings of the securities within the Index change, and the Fund may not be invested in each country or geographic region at all times.The securities included in the Index include non-investment grade fixed income securities (commonly known as “junk bonds”). Non-investment grade fixed income securities in the Index are securities rated below BBB- by S&P or Baa3 by Moody’s.The Investment Adviser uses a representative sampling strategy to manage the Fund. “Representative sampling” is an indexing strategy in which the Fund invests in a representative sample of constituent securities that has a collective investment profile similar to that of the Index. The securities selected for investment by the Fund are expected to have, in the aggregate, investment characteristics, governance characteristics, fundamental characteristics and liquidity measures similar to those of the Index. The Fund may or may not hold all of the securities in the Index.The Fund may concentrate its investments (i.e., hold more than 25% of its total assets) in a particular industry or group of industries to the extent that the Index is concentrated. The degree to which components of the Index represent certain sectors or industries may change over time.
Read More

GEMD - Performance

Return Ranking - Trailing

Period GEMD Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -23.5% 4.6% N/A
1 Yr 14.2% -24.3% 3.5% N/A
3 Yr N/A* -18.9% 13.6% N/A
5 Yr N/A* -21.4% 6.5% N/A
10 Yr N/A* -15.8% 5.6% N/A

* Annualized

Return Ranking - Calendar

Period GEMD Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -58.7% 15.1% N/A
2022 N/A -12.8% 25.4% N/A
2021 N/A -12.0% 25.9% N/A
2020 N/A -19.2% 4.2% N/A
2019 N/A -7.2% 9.9% N/A

Total Return Ranking - Trailing

Period GEMD Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -23.5% 4.6% N/A
1 Yr 14.2% -24.3% 3.5% N/A
3 Yr N/A* -18.9% 13.6% N/A
5 Yr N/A* -21.4% 6.5% N/A
10 Yr N/A* -15.8% 9.6% N/A

* Annualized

Total Return Ranking - Calendar

Period GEMD Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -58.7% 15.1% N/A
2022 N/A -12.8% 25.4% N/A
2021 N/A -7.1% 25.9% N/A
2020 N/A -19.2% 10.9% N/A
2019 N/A -7.2% 9.9% N/A

GEMD - Holdings

Concentration Analysis

GEMD Category Low Category High GEMD % Rank
Net Assets 57.5 M 49.1 K 15.5 B 70.14%
Number of Holdings 234 4 2121 46.42%
Net Assets in Top 10 6.22 M -134 M 1.25 B 82.23%
Weighting of Top 10 10.59% 2.2% 95.0% 93.02%

Top 10 Holdings

  1. Republic of Poland Government International Bond 1.65%
  2. Brazilian Government International Bond 1.29%
  3. Philippine Government International Bond 1.15%
  4. Hungary Government International Bond 1.06%
  5. Mexico Government International Bond 0.95%
  6. Bahrain Government International Bond 0.95%
  7. Philippine Government International Bond 0.89%
  8. China Government International Bond 0.88%
  9. Chile Government International Bond 0.88%
  10. Qatar Government International Bond 0.88%

Asset Allocation

Weighting Return Low Return High GEMD % Rank
Bonds 		98.36% -0.02% 116.66% 10.32%
Cash 		1.64% -16.66% 101.67% 84.53%
Stocks 		0.00% -0.47% 2.07% 25.50%
Preferred Stocks 		0.00% 0.00% 0.00% 2.01%
Other 		0.00% -3.28% 3.53% 7.45%
Convertible Bonds 		0.00% 0.00% 26.58% 59.31%

Bond Sector Breakdown

Weighting Return Low Return High GEMD % Rank
Cash & Equivalents 		0.20% 0.00% 99.89% 87.39%
Derivative 		0.00% 0.00% 64.87% 51.58%
Securitized 		0.00% 0.00% 1.31% 13.75%
Corporate 		0.00% 0.00% 93.26% 86.25%
Municipal 		0.00% 0.00% 0.00% 2.01%
Government 		0.00% 0.00% 99.79% 2.29%

Bond Geographic Breakdown

Weighting Return Low Return High GEMD % Rank
US 		98.36% -74.21% 36.99% 45.27%
Non US 		0.00% 0.00% 159.42% 18.62%

GEMD - Expenses

Operational Fees

GEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 2.87% 94.89%
Management Fee 0.45% 0.00% 1.10% 7.30%
12b-1 Fee N/A 0.00% 1.00% 0.61%
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

GEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 302.00% N/A

GEMD - Distributions

Dividend Yield Analysis

GEMD Category Low Category High GEMD % Rank
Dividend Yield 5.06% 0.00% 30.37% 91.01%

Dividend Distribution Analysis

GEMD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GEMD Category Low Category High GEMD % Rank
Net Income Ratio N/A -2.28% 9.04% N/A

Capital Gain Distribution Analysis

GEMD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

GEMD - Fund Manager Analysis

Managers

Todd Henry

Start Date

Tenure

Tenure Rank

Feb 15, 2022

0.29

0.3%

Mr. Henry is a portfolio manager on the Fixed Income team within GSAM. He joined GSAM in 2012.

David Westbrook

Start Date

Tenure

Tenure Rank

Feb 15, 2022

0.29

0.3%

David is head of Stable Value Portfolio Management at GSAM. He is a member of both the Stable Value Executive Leadership and Management teams.  Prior to joining GSAM, David was a fixed income portfolio manager at Dwight, responsible for portfolio construction and risk management, as well as Treasury and Agency trading. While at Dwight, he also held roles in client relationship management, stable value portfolio management, and third-party manager selection and oversight. David earned a BS from the University of Vermont and is a member of the Vermont CFA Society.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.36 6.11

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