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Name

As of 06/01/2026

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 Municipal Income ETF

GMUB | Active ETF

$51.23

$279 M

3.47%

$1.78

0.18%

Vitals

YTD Return

1.5%

1 yr return

7.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$279 M

Holdings in Top 10

9.4%

52 WEEK LOW AND HIGH

$51.3
$49.37
$52.08

Expenses

OPERATING FEES

Expense Ratio 0.18%

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 06/01/2026

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 Municipal Income ETF

GMUB | Active ETF

$51.23

$279 M

3.47%

$1.78

0.18%

GMUB - Profile

Distributions

  • YTD Total Return 1.5%
  • 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 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Goldman Sachs Municipal Income ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Jul 25, 2024
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund invests, 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 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 thereof (“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 Fund may invest up to 20% of its Net Assets in private activity bonds, the interest on which (including the Fund’s distributions of such interest) may be a preference item for purposes of the federal alternative minimum tax. 100% of the Fund’s portfolio will be invested in U.S. dollar-denominated securities. The Fund may invest up to 15% of its Net Assets in Municipal Securities that, at the time of purchase, are non-investment grade (commonly referred to as “junk bonds”). Non-investment grade securities are securities rated BB+, Ba1 or below by a nationally recognized statistical rating organization (“NRSRO”), or, if unrated, determined by Goldman Sachs Asset Management, L.P. (the “Investment Adviser” or “GSAM”) to be of comparable credit quality. The Fund may purchase the securities of issuers that are in default. The Fund may use derivatives instead of buying and selling fixed income securities directly to manage duration, to gain exposure to individual securities or to gain exposure to a credit or asset-backed index. The Fund’s investments in derivatives may include futures contracts (including interest rate futures and treasury futures), options (including options on futures contracts, swaps, bonds, and indexes), and swaps (including credit default, index, total return, and interest rate swaps). The Fund may also seek to obtain exposure to fixed income investments, such as municipal bonds and U.S. government securities, through investments in affiliated or unaffiliated investment companies, including exchange-traded funds (“ETFs”). The team uses a multi-faceted approach when evaluating whether to add or maintain exposure to any individual position. A top-down approach is used to assess broad macro trends while a bottom-up analysis is used to determine relative value between individual securities. As part of the team’s fundamental investment process, the team may integrate environmental, social and governance (“ESG”) factors alongside traditional fundamental factors. In addition, individual securities will be considered for purchase or sale based on credit profile, risk, structure, pricing, and portfolio impact, as well as duration management, restructuring, opportunistic trading and tax loss harvesting. No one factor or consideration is determinative in the fundamental investment process. Under normal interest rate conditions, the Fund’s duration is expected to range between three and six years.“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. For example, if market interest rates increase by 1%, the market price of a debt security with a positive duration of 3 years will generally decrease by approximately 3%. Conversely, a 1% decline in market interest rates will generally result in an increase of approximately 3% of that security’s market price. The Investment Adviser measures the Fund’s performance against the Bloomberg 1-15 Year Blend (1-17) Municipal Bond Index. THE FUND IS NON-DIVERSIFIED UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (“INVESTMENT COMPANY ACT”), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN ONE OR MORE ISSUERS OR IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS. The Fund is an actively managed 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.
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GMUB - Performance

Return Ranking - Trailing

Period GMUB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% N/A N/A N/A
1 Yr 7.4% 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 GMUB Return Category Return Low Category Return High Rank in Category (%)
2025 2.6% N/A N/A N/A
2024 N/A N/A N/A N/A
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

Total Return Ranking - Trailing

Period GMUB Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% N/A N/A N/A
1 Yr 7.4% 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 GMUB Return Category Return Low Category Return High Rank in Category (%)
2025 6.3% N/A N/A N/A
2024 N/A N/A N/A N/A
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

GMUB - Holdings

Concentration Analysis

GMUB Category Low Category High GMUB % Rank
Net Assets 279 M N/A N/A N/A
Number of Holdings 346 N/A N/A N/A
Net Assets in Top 10 11.6 M N/A N/A N/A
Weighting of Top 10 9.44% N/A N/A N/A

Top 10 Holdings

  1. Goldman Sachs Financial Square Treasury Instruments Fund 1.18%
  2. North Texas Higher Education Authority Inc 1.00%
  3. Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0.96%
  4. Snohomish County Public Utility District No 1 Electric System Revenue 0.94%
  5. City of Houston TX Airport System Revenue 0.91%
  6. Massachusetts Development Finance Agency 0.90%
  7. Dallas Fort Worth International Airport 0.89%
  8. Wilson School District 0.89%
  9. County of Phelps MO 0.88%
  10. Southeast Energy Authority A Cooperative District 0.88%

Asset Allocation

Weighting Return Low Return High GMUB % Rank
Bonds 		99.64% N/A N/A N/A
Cash 		1.18% 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 GMUB % Rank
Cash & Equivalents 		1.18% 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 GMUB % Rank
US 		99.64% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

GMUB - Expenses

Operational Fees

GMUB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% N/A N/A N/A
Management Fee 0.18% 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

GMUB 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

GMUB 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.

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

GMUB - Distributions

Dividend Yield Analysis

GMUB Category Low Category High GMUB % Rank
Dividend Yield 3.47% N/A N/A N/A

Dividend Distribution Analysis

GMUB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

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

Capital Gain Distribution Analysis

GMUB Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

GMUB - 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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