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Name

As of 11/21/2024

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 Investment Grade Corporate 1-5 Year Bond ETF

GSIG | ETF

$46.96

$9.33 M

4.70%

$2.21

0.14%

Vitals

YTD Return

4.3%

1 yr return

6.7%

3 Yr Avg Return

1.5%

5 Yr Avg Return

N/A

Net Assets

$9.33 M

Holdings in Top 10

11.0%

52 WEEK LOW AND HIGH

$47.0
$46.10
$47.83

Expenses

OPERATING FEES

Expense Ratio 0.14%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 32.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

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 Investment Grade Corporate 1-5 Year Bond ETF

GSIG | ETF

$46.96

$9.33 M

4.70%

$2.21

0.14%

GSIG - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.82%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Jul 07, 2020
  • Shares Outstanding
    400000
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Westbrook

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, corporate bonds denominated in U.S. dollars (“USD”) with remaining maturities between one and five years that meet certain liquidity and fundamental screening criteria.As of November 30, 2023, there were 2,340 constituents in the Index and the Index had a weighted average maturity of 2.89 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 FTSE US Broad Investment-Grade (USBIG®) Corporate Bond Index (the “Reference Index”) using concepts developed with Goldman Sachs Asset Management, L.P. (the “Investment Adviser” or “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 investment grade corporate bonds that have a minimum of a minimum of one year to maturity and are rated at least BBB- by S&P Global Ratings (“S&P”) or Baa3 by Moody’s Investors Service, Inc. (“Moody’s”). Only corporate bond constituents of the Reference Index that have a minimum of $250 million outstanding, remaining maturities between one and five years, and from issuers with at least two eligible bonds outstanding are included in the Universe. A maturity bucketing process is used to approximate the average effective duration of constituents of the Reference Index with remaining maturities between one and five years.Step 2In the second step, the Index Provider applies a fundamental screen to the Universe. Issuers are first grouped into three broad industry groups: financials, industrials and utilities. Within each industry group, issuers are measured by two fundamental factors, operating margin and leverage, subject to certain exceptions. The Index Provider ranks each issuer based on the two fundamental factors, equally weighted. The Index is constructed by including the highest ranking eligible securities in each industry group, screening out lowest ranking eligible securities. An issuer weight cap is applied to each Index constituent.The Index is normally rebalanced (i) monthly on the last business day of each month, to account for changes in maturities, duration, corporate actions or ratings migration, and (ii) quarterly, to account for updates to the constituents on the basis of the fundamental factors (as described above).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

GSIG - Performance

Return Ranking - Trailing

Period GSIG Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -0.2% 18.6% 55.05%
1 Yr 6.7% 2.3% 22.9% 34.29%
3 Yr 1.5%* -5.6% 5.3% 52.61%
5 Yr N/A* -4.1% 5.6% 6.93%
10 Yr N/A* -18.8% 170.4% 7.38%

* Annualized

Return Ranking - Calendar

Period GSIG Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -1.6% 7.6% 35.50%
2022 -7.8% -17.7% -2.6% 70.87%
2021 -1.8% -4.0% 4.4% 68.46%
2020 N/A -7.1% 7.6% N/A
2019 N/A -2.3% 9.3% N/A

Total Return Ranking - Trailing

Period GSIG Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -0.2% 18.6% 55.05%
1 Yr 6.7% 2.3% 22.9% 34.29%
3 Yr 1.5%* -5.6% 5.3% 52.61%
5 Yr N/A* -4.1% 5.6% N/A
10 Yr N/A* -18.8% 170.4% N/A

* Annualized

Total Return Ranking - Calendar

Period GSIG Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% 1.8% 15.2% 35.31%
2022 -5.8% -17.3% -1.3% 71.46%
2021 -0.8% -2.7% 7.7% 79.44%
2020 N/A -2.4% 14.5% N/A
2019 N/A 0.6% 12.6% N/A

GSIG - Holdings

Concentration Analysis

GSIG Category Low Category High GSIG % Rank
Net Assets 9.33 M 14.5 K 57.3 B 99.62%
Number of Holdings 311 2 8314 67.87%
Net Assets in Top 10 1.05 M 1.05 M 6.81 B 100.00%
Weighting of Top 10 11.02% 1.9% 112.6% 87.45%

Top 10 Holdings

  1. HSBC Holdings PLC 2.20%
  2. Deutsche Bank AG/New York NY 1.63%
  3. Morgan Stanley 1.08%
  4. Citigroup Inc 1.03%
  5. Citigroup Inc 1.00%
  6. Toronto-Dominion Bank/The 1.00%
  7. JPMorgan Chase Co 0.86%
  8. Bank of America Corp 0.85%
  9. Bank of New York Mellon Corp/The 0.70%
  10. T-Mobile USA Inc 0.68%

Asset Allocation

Weighting Return Low Return High GSIG % Rank
Bonds 		98.44% 0.00% 129.40% 12.55%
Convertible Bonds 		9.74% 0.00% 27.71% 1.33%
Cash 		1.56% -20.59% 71.38% 61.41%
Stocks 		0.00% 0.00% 99.96% 92.78%
Preferred Stocks 		0.00% 0.00% 24.12% 92.59%
Other 		0.00% -0.97% 71.57% 92.21%

Bond Sector Breakdown

Weighting Return Low Return High GSIG % Rank
Corporate 		98.51% 0.00% 99.82% 1.90%
Securitized 		0.31% 0.00% 97.27% 90.67%
Derivative 		0.00% -0.44% 27.90% 76.43%
Cash & Equivalents 		0.00% 0.00% 71.38% 99.43%
Municipal 		0.00% 0.00% 14.41% 95.05%
Government 		0.00% 0.00% 73.63% 99.62%

Bond Geographic Breakdown

Weighting Return Low Return High GSIG % Rank
US 		98.44% 0.00% 126.86% 10.27%
Non US 		0.00% 0.00% 82.20% 91.44%

GSIG - Expenses

Operational Fees

GSIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.14% 0.01% 3.29% 94.85%
Management Fee 0.14% 0.00% 1.19% 12.17%
12b-1 Fee 0.00% 0.00% 1.00% 13.65%
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

GSIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

GSIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

GSIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 2.00% 500.00% 14.38%

GSIG - Distributions

Dividend Yield Analysis

GSIG Category Low Category High GSIG % Rank
Dividend Yield 4.70% 0.00% 11.11% 27.19%

Dividend Distribution Analysis

GSIG Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

GSIG Category Low Category High GSIG % Rank
Net Income Ratio 0.82% -1.27% 4.98% 70.02%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GSIG - Fund Manager Analysis

Managers

David Westbrook

Start Date

Tenure

Tenure Rank

Jul 07, 2020

1.9

1.9%

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.

Todd Henry

Start Date

Tenure

Tenure Rank

Dec 29, 2021

0.42

0.4%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.19 2.41

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