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Name

As of 11/04/2024

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 Inflation Protected USD Bond ETF

GTIP | ETF

$48.90

$119 M

2.01%

$0.98

0.12%

Vitals

YTD Return

2.7%

1 yr return

6.1%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

2.0%

Net Assets

$119 M

Holdings in Top 10

60.3%

52 WEEK LOW AND HIGH

$48.8
$47.20
$50.25

Expenses

OPERATING FEES

Expense Ratio 0.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 56.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

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 Inflation Protected USD Bond ETF

GTIP | ETF

$48.90

$119 M

2.01%

$0.98

0.12%

GTIP - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.96%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Access Inflation Protected USD Bond ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Oct 02, 2018
  • Shares Outstanding
    3050000
  • Share Class
    N/A
  • 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 designed to track the performance of inflation-protected, fixed rate U.S. Treasury Securities denominated in U.S. dollars (“USD”) that meet certain screening criteria. “U.S. Treasury Securities” refer to securities issued or guaranteed by the U.S. Treasury where the payment of principal and interest is backed by the full faith and credit of the U.S. government. U.S. Treasury Securities include U.S. Treasury notes, U.S. Treasury bills and U.S. Treasury floating rate bonds.As of November 30, 2023, there were 43 issues in the Index and the Index had a weighted average maturity of 7.05 years and a weighted average Macaulay, Modified, Effective, and Real Yield durations of 6.67, 6.51,5.39 and 6.59years, respectively.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 theU.S. sleeve of the FTSE World Inflation-Linked Securities Index (the “Reference Index”) using concepts developed with 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 fixed-rate, sovereign bonds denominated in USD that are linked to an inflation index. Only constituents of the Reference Index that are U.S. Treasury Inflation-Protected Securities (“TIPS”), have a minimum of 1 year to maturity and a minimum issue size of $5 billion outstanding (before taking into account the Federal Reserve System Open Market Account (“SOMA”) holdings) are included in the Universe.Step 2In the second step, the Index Provider screens the Universe to exclude securities that are unseasoned. The Index excludes “on-the-run” bonds, or the newest issues for each security term. The Index is constructed by weighting each constituent to match the weighted average real yield duration of the Universe.The Index is normally rebalanced monthly on the last business day of the month to account for changes in maturities (i.e., removing securities with less than 1 year to maturity), new issues and duration to closely match the weighted average real yield duration of the Universe.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 IS NOT A MONEY MARKET FUND AND DOES NOT ATTEMPT TO MAINTAIN A STABLE NET ASSET VALUE.
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GTIP - Performance

Return Ranking - Trailing

Period GTIP Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -8.8% 8.7% 47.29%
1 Yr 6.1% -10.2% 20.5% 31.03%
3 Yr -1.9%* -16.1% 4.2% 50.51%
5 Yr 2.0%* -7.3% 4.9% 51.83%
10 Yr N/A* -2.4% 3.2% 11.03%

* Annualized

Return Ranking - Calendar

Period GTIP Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -8.7% 5.1% 24.88%
2022 -17.1% -52.3% -4.0% 59.60%
2021 1.9% -7.9% 7.7% 23.71%
2020 9.6% -29.4% 23.0% 15.71%
2019 5.8% 0.8% 16.7% 36.32%

Total Return Ranking - Trailing

Period GTIP Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -8.8% 8.7% 47.29%
1 Yr 6.1% -10.2% 20.5% 31.03%
3 Yr -1.9%* -16.1% 4.2% 50.51%
5 Yr 2.0%* -7.3% 4.9% 51.83%
10 Yr N/A* -2.4% 3.2% N/A

* Annualized

Total Return Ranking - Calendar

Period GTIP Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -5.2% 9.5% 44.78%
2022 -12.1% -40.1% 9.2% 67.17%
2021 5.9% -2.7% 37.6% 27.84%
2020 10.8% -0.5% 27.5% 31.94%
2019 8.3% 2.8% 19.3% 24.21%

GTIP - Holdings

Concentration Analysis

GTIP Category Low Category High GTIP % Rank
Net Assets 119 M 968 K 51.8 B 88.67%
Number of Holdings 27 2 1463 87.68%
Net Assets in Top 10 82.6 M 891 K 24.2 B 77.34%
Weighting of Top 10 60.31% 9.4% 100.0% 35.64%

Top 10 Holdings

  1. United States Treasury Inflation Indexed Bonds 8.42%
  2. United States Treasury Inflation Indexed Bonds 7.31%
  3. United States Treasury Inflation Indexed Bonds 6.69%
  4. United States Treasury Inflation Indexed Bonds 6.39%
  5. United States Treasury Inflation Indexed Bonds 5.95%
  6. United States Treasury Inflation Indexed Bonds 5.85%
  7. United States Treasury Inflation Indexed Bonds 5.58%
  8. United States Treasury Inflation Indexed Bonds 5.41%
  9. United States Treasury Inflation Indexed Bonds 4.46%
  10. United States Treasury Inflation Indexed Bonds 4.25%

Asset Allocation

Weighting Return Low Return High GTIP % Rank
Bonds 		99.31% 0.00% 198.42% 38.42%
Cash 		0.69% -42.00% 15.77% 53.20%
Stocks 		0.00% 0.00% 100.03% 29.06%
Preferred Stocks 		0.00% 0.00% 0.78% 27.59%
Other 		0.00% -58.58% 68.12% 67.98%
Convertible Bonds 		0.00% 0.00% 3.96% 47.29%

Bond Sector Breakdown

Weighting Return Low Return High GTIP % Rank
Government 		99.67% 6.70% 112.97% 8.87%
Cash & Equivalents 		0.16% 0.00% 11.92% 57.64%
Derivative 		0.00% -26.67% 16.13% 68.47%
Securitized 		0.00% 0.00% 58.03% 74.38%
Corporate 		0.00% 0.00% 50.64% 72.91%
Municipal 		0.00% 0.00% 1.28% 36.45%

Bond Geographic Breakdown

Weighting Return Low Return High GTIP % Rank
US 		99.31% 0.00% 174.44% 33.00%
Non US 		0.00% 0.00% 42.19% 54.19%

GTIP - Expenses

Operational Fees

GTIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.03% 22.29% 93.53%
Management Fee 0.12% 0.00% 0.99% 14.29%
12b-1 Fee 0.00% 0.00% 1.00% 3.30%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

GTIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GTIP 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.

GTIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 56.00% 0.00% 246.00% 45.36%

GTIP - Distributions

Dividend Yield Analysis

GTIP Category Low Category High GTIP % Rank
Dividend Yield 2.01% 0.00% 14.25% 50.74%

Dividend Distribution Analysis

GTIP Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

GTIP Category Low Category High GTIP % Rank
Net Income Ratio 4.96% -0.06% 6.71% 21.00%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GTIP - Fund Manager Analysis

Managers

David Westbrook

Start Date

Tenure

Tenure Rank

Oct 02, 2018

3.66

3.7%

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
0.17 20.51 6.55 11.1

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