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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 Ultra Short Bond ETF

GSST | Active ETF

$50.36

$610 M

5.42%

$2.73

0.20%

Vitals

YTD Return

5.4%

1 yr return

6.4%

3 Yr Avg Return

3.8%

5 Yr Avg Return

2.7%

Net Assets

$610 M

Holdings in Top 10

15.7%

52 WEEK LOW AND HIGH

$50.4
$49.90
$50.66

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 51.00%

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 Ultra Short Bond ETF

GSST | Active ETF

$50.36

$610 M

5.42%

$2.73

0.20%

GSST - Profile

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.55%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Goldman Sachs Access Ultra Short Bond ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Apr 15, 2019
  • Shares Outstanding
    9375000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Westbrook

Fund Description

The Fund seeks to achieve its investment objective by investing, 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 a broad range of U.S. dollar denominated bonds. The Fund primarily invests in obligations issued or guaranteed by the U.S. Government, its agencies, authorities, instrumentalities or sponsored enterprises (“U.S. Government Securities”), obligations of U.S. banks, corporate notes, commercial paper and other short-term obligations of U.S. companies, states, municipalities and other entities, fixed and floating rate mortgage-backed securities, asset-backed securities, collateralized loan obligations (“CLOs”) and repurchase agreements. The Fund may also invest in U.S. dollar-denominated obligations issued or guaranteed by foreign banks, companies and governments or their agencies, authorities, instrumentalities or sponsored enterprises.The Fund will generally focus its investments in securities of issuers that, at the time of purchase, have a short-term credit rating of at least investment grade by at least one nationally recognized statistical rating organization (“NRSRO”) (at least A-2, P-2, or F2 by S&P Global Ratings (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch Ratings, Inc. (“Fitch”), respectively), have a long-term credit rating of at least investment grade by at least one NRSRO (at least BBB-, Baa3, or BBB by S&P, Moody’s or Fitch, respectively) if such securities only maintain long-term ratings, or, if unrated, are determined by the Investment Adviser to be of comparable credit quality at the time of purchase. The Fund may also rely on the credit quality of a guarantee or demand feature in determining the credit quality of a security supported by the guarantee or demand feature.The Fund will concentrate its investments in the financial services group of industries. Therefore, under normal circumstances, the Fund will invest more than 25% of its total assets in securities issued by companies in the financial services group of industries and repurchase agreements secured by such obligations.Under normal circumstances, the Fund’s effective duration is expected to be one year or less. “Duration” is a measure of a debt security’s price sensitivity to changes in interest rates. The longer the duration of the Fund (or an individual debt security), the more sensitive its market price to changes in interest rates. In computing duration, the Fund will estimate the duration of obligations that are subject to prepayment or redemption by the issuer, taking into account the influence of interest rates on prepayments and coupon flows. This method of computing duration is known as “option-adjusted” duration.The Fund is an actively managed exchange-traded fund (“ETF”), which is a fund that trades like other publicly-traded securities. The Fund is not an index fund and does not seek to replicate the performance of a specified index.THE FUND IS NOT A MONEY MARKET FUND AND DOES NOT ATTEMPT TO MAINTAIN A STABLE NET ASSET VALUE.
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GSST - Performance

Return Ranking - Trailing

Period GSST Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -0.5% 7.6% 37.56%
1 Yr 6.4% 1.7% 9.3% 26.76%
3 Yr 3.8%* -1.2% 7.0% 27.80%
5 Yr 2.7%* -0.9% 4.7% 28.95%
10 Yr N/A* -4.2% 27.9% 31.71%

* Annualized

Return Ranking - Calendar

Period GSST Return Category Return Low Category Return High Rank in Category (%)
2023 0.9% -2.3% 4.3% 62.44%
2022 -1.8% -6.5% 0.5% 44.66%
2021 -0.6% -2.1% 0.3% 78.00%
2020 0.6% -3.1% 1.8% 27.08%
2019 N/A -1.2% 6.1% N/A

Total Return Ranking - Trailing

Period GSST Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -0.5% 7.6% 37.56%
1 Yr 6.4% 1.7% 9.3% 26.76%
3 Yr 3.8%* -1.2% 7.0% 27.80%
5 Yr 2.7%* -0.9% 4.7% 28.95%
10 Yr N/A* -4.2% 27.9% N/A

* Annualized

Total Return Ranking - Calendar

Period GSST Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% 0.8% 12.1% 35.68%
2022 0.1% -5.1% 2.5% 41.75%
2021 0.1% -2.1% 14.5% 56.00%
2020 1.7% -1.0% 3.6% 43.23%
2019 N/A 0.3% 9.6% N/A

GSST - Holdings

Concentration Analysis

GSST Category Low Category High GSST % Rank
Net Assets 610 M 26.6 K 22.6 B 51.64%
Number of Holdings 336 2 1258 42.72%
Net Assets in Top 10 96.7 M 27.7 K 22.7 B 62.44%
Weighting of Top 10 15.71% 6.3% 159.6% 61.97%

Top 10 Holdings

  1. Goldman Sachs Financial Square Government Fund 3.39%
  2. Fannie Mae Pool 2.39%
  3. Fannie Mae Pool 1.58%
  4. Capital One Multi-Asset Execution Trust 1.44%
  5. Fannie Mae Pool 1.27%
  6. United States Treasury Note/Bond 1.19%
  7. Fannie Mae Pool 1.17%
  8. Fannie Mae REMICS 1.10%
  9. United States Treasury Floating Rate Note 1.10%
  10. 1988 CLO 3 Ltd 1.07%

Asset Allocation

Weighting Return Low Return High GSST % Rank
Bonds 		79.55% 0.00% 129.63% 56.34%
Other 		15.75% -13.48% 99.96% 36.15%
Convertible Bonds 		7.36% 0.00% 15.25% 16.98%
Cash 		4.70% 0.00% 112.72% 50.23%
Stocks 		0.00% 0.00% 97.16% 91.55%
Preferred Stocks 		0.00% 0.00% 0.00% 90.61%

Bond Sector Breakdown

Weighting Return Low Return High GSST % Rank
Securitized 		50.03% 0.00% 100.00% 17.92%
Corporate 		37.28% 0.00% 99.91% 53.30%
Cash & Equivalents 		3.39% 0.00% 112.72% 53.05%
Government 		3.24% 0.00% 100.00% 42.92%
Municipal 		0.36% 0.00% 70.39% 27.36%
Derivative 		0.00% -13.48% 16.56% 72.30%

Bond Geographic Breakdown

Weighting Return Low Return High GSST % Rank
US 		79.55% 0.00% 129.63% 52.11%
Non US 		0.00% 0.00% 20.18% 91.08%

GSST - Expenses

Operational Fees

GSST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.08% 29.63% 90.95%
Management Fee 0.20% 0.00% 1.19% 31.46%
12b-1 Fee 0.00% 0.00% 1.00% 19.28%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

GSST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

GSST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

GSST Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 336.00% 26.26%

GSST - Distributions

Dividend Yield Analysis

GSST Category Low Category High GSST % Rank
Dividend Yield 5.42% 0.00% 8.76% 25.35%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GSST Category Low Category High GSST % Rank
Net Income Ratio 0.55% -1.30% 14.86% 42.93%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GSST - Fund Manager Analysis

Managers

David Westbrook

Start Date

Tenure

Tenure Rank

Apr 15, 2019

3.13

3.1%

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.

Dave Fishman

Start Date

Tenure

Tenure Rank

Apr 15, 2019

3.13

3.1%

Managing director of Goldman Sachs since 2001, and co-head of the Goldman Sachs global liquidity management team since 2008 as a result of a merger between the Goldman Sachs money market team with the Goldman Sachs short duration team. Mr. Fishman was head of the Goldman Sachs money market team since 2002. Mr. Fishman joined the Goldman Sachs Asset Management, L.P. in 1997 after working at Bankers Trust as a Portfolio Manager. He has over 22 years of investment experience. Mr. Fishman has a BS from The Wharton School of the University of Pennsylvania and an MBA from New York University, Stern School of Business.

Todd Henry

Start Date

Tenure

Tenure Rank

Apr 01, 2021

1.16

1.2%

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
0.08 32.44 6.52 0.13

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