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Name

As of 12/17/2024

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 Community Municipal Bond ETF

GMUN | ETF

$49.61

$9.97 M

2.76%

$1.37

0.25%

Vitals

YTD Return

0.9%

1 yr return

1.3%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$9.97 M

Holdings in Top 10

6.1%

52 WEEK LOW AND HIGH

$49.7
$48.82
$50.74

Expenses

OPERATING FEES

Expense Ratio 0.25%

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 12/17/2024

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 Community Municipal Bond ETF

GMUN | ETF

$49.61

$9.97 M

2.76%

$1.37

0.25%

GMUN - Profile

Distributions

  • YTD Total Return 0.9%
  • 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 2.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Goldman Sachs Community Municipal Bond ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Mar 09, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

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 Fund also has a policy to invest, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in municipal securities, the interest on which is exempt from regular federal income tax (i.e., excluded from gross income for federal income tax purposes).The Index is a rules-based index that is designed to measure the performance of the municipal securities market with remaining maturities between one and fifteen years with screens that take into account certain social or environmental factors. Negative screens may include sectors, sources of funds and use of proceeds, while positive screens include pre-refunded securities or those with potentially environmentally or socially beneficial outcomes. Municipal securities include fixed income securities issued by or on behalf of states, territories and possessions of the United States (including the District of Columbia) and the political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax (i.e., excluded from gross income for federal income tax purposes). As of December 1, 2023, there were 24,613 constituents in the Index and the Index had a weighted average maturity of 6.30 years.The Index is owned and calculated by Bloomberg Professional Services (the “Index Provider”). The components of the Index are market value-weighted.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 3 steps.Step 1In the first step, the Index Provider defines a universe of potential index constituents (the “Universe”) by identifying municipal securities that are constituents of the Bloomberg 1-10 Year Blend Index (the “Reference Index”). The Reference Index covers the intermediate-term segment of the USD-denominated tax-exempt municipal bond market. Securities must be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody’s, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used.Step 2In the second step, exclusionary screens are applied. The Index attempts to create a subset of sectors within the Reference Index that focus on fostering community and investing in essential services (including education, healthcare, and clean water). This is done by applying the exclusionary screens below –absent re-inclusion in Step 3:◼1st screen, based on specific sources of funds and specific uses of proceeds: Sources of funds, such as auto parking revenue; casino revenues; fuel sales tax; highway tolls; lottery revenue; natural gas revenue; nuclear revenue; pari-mutuel betting revenues; port, airport and marina revenues; tobacco and liquor taxes; tobacco settlements; and severance tax. Uses of proceeds, such as bridges; casinos; correctional facilities; highways; lawsuits/settlements; natural gas utilities; parking facilities; nuclear power plants; port, airport & marinas; swap terminations; oil, gas, coal; and steel manufacturing.◼2nd screen, based on “sector codes” (another way Bloomberg uses to classify bonds), such as GARVEE, airports, jails, gas forwards, lottery, nuclear power, parking facilities, ports, and tolls.◼3rd screen, (1) Texas Permanent School Fund bonds, which are financed primarily through royalties on oil and gas extraction, and (2) any refunding bond where the refunded bond’s purpose is a value on the exclusion list from the 1st screen, which helps ensure that any bond that had originally financed a project with use of proceeds excluded in the 1st screen, but was later refunded, would not be overlooked.Step 3In the third step, the Index incorporates securities labeled green, social or sustainable (“GSS”), as well as pre-refunded bonds with a maximum maturity of 15 years. A bond can receive a GSS classification from Bloomberg even if unlabeled by the issuer if 100% of the use of proceeds is applied to an eligible green, social or sustainability project as defined by the International Capital Market Association (ICMA) Principles. Bloomberg sources the supporting data for classification from bond offering statements. A bond receives a GSS classification based on its offering statement if: 1) the issuer “self-labels” the bond as defined under the ICMA Principles, 2) the issuer cites an independent Environmental, Social and Governance assurance provider who has verified that the bonds are in alignment with ICMA Principles, or 3) Bloomberg analysts verify that the offering statement clearly shows that 100% of the use of proceeds will be used to finance or refinance ICMA eligible projects, even though the bond is not self-labeled or third-party verified. GSS bonds are also benchmark eligible (within the Bloomberg indices suite) and ultimately come from the Bloomberg US Municipal Impact Index.The Index is normally rebalanced monthly on the last business day of each month, to account for indicative changes to securities (including credit rating change, sector reclassification, amount outstanding changes, corporate actions, and ticker changes, for example).Goldman Sachs Asset Management, L.P. (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, 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

GMUN - Performance

Return Ranking - Trailing

Period GMUN Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% N/A N/A N/A
1 Yr 1.3% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period GMUN Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period GMUN Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% N/A N/A N/A
1 Yr 1.3% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period GMUN Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

GMUN - Holdings

Concentration Analysis

GMUN Category Low Category High GMUN % Rank
Net Assets 9.97 M N/A N/A N/A
Number of Holdings 290 N/A N/A N/A
Net Assets in Top 10 604 K N/A N/A N/A
Weighting of Top 10 6.05% N/A N/A N/A

Top 10 Holdings

  1. State of California 0.70%
  2. Commonwealth of Pennsylvania 0.63%
  3. Commonwealth of Massachusetts 0.61%
  4. County of Fairfax VA 0.61%
  5. Los Angeles Department of Water Power 0.60%
  6. Southern California Public Power Authority 0.59%
  7. University of California 0.59%
  8. State of California 0.58%
  9. Colorado Health Facilities Authority 0.57%
  10. State of Illinois 0.56%

Asset Allocation

Weighting Return Low Return High GMUN % Rank
Bonds 		97.90% N/A N/A N/A
Cash 		2.10% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High GMUN % Rank
Cash & Equivalents 		0.39% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High GMUN % Rank
US 		97.90% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

GMUN - Expenses

Operational Fees

GMUN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% N/A N/A N/A
Management Fee 0.25% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

GMUN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

GMUN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

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

GMUN - Distributions

Dividend Yield Analysis

GMUN Category Low Category High GMUN % Rank
Dividend Yield 2.76% N/A N/A N/A

Dividend Distribution Analysis

GMUN Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

GMUN Category Low Category High GMUN % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

GMUN Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

GMUN - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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