Goldman Sachs ETF Trust Goldman Sachs Dynamic California Municipal Income ETF
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About Goldman Sachs ETF Trust Goldman Sachs Dynamic California Municipal Income ETF
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Inception date
Jul 23, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Goldman Sachs Asset Management LP
Distributor
ALPS Distributors, Inc.
GCAL utilizes an active approach to a niche segment of the US muni bond space. The fund generally holds USD-denominated muni bonds issued by the state of California and its political subdivisions, seeking interest income exempt from federal and California state income tax. The fund may allocate its assets entirely to private activity bonds, whose interest may be a preference item for the federal alternative minimum tax. It may also get exposure through affiliated or unaffiliated investment companies, including other ETFs. Despite its focus on investment grade bonds, the fund can invest up to 30% in non-investment-grade bonds and may purchase securities of issuers in default. In constructing the portfolio, the fund adviser incorporates both a top-down approach and a bottom-up analysis. As part of its fundamental selection process, the adviser may integrate ESG factors alongside traditional fundamental metrics. Typically, the portfolio duration will range between two and eight years.
Related funds
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.11%
Futures−0.11%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GCAL trades at 49.75 USD today, its price has risen 0.33% in the past 24 hours. Track more dynamics on GCAL price chart.
GCAL net asset value is 49.57 today — it's risen 0.14% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
GCAL assets under management is 102.67 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GCAL price has risen by 0.48% over the last month, and its yearly performance shows a −1.29% decrease. See more dynamics on GCAL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.17% increase in three-month performance and has increased by 0.25% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.17% increase in three-month performance and has increased by 0.25% in a year.
GCAL fund flows account for 97.29 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GCAL invests in bonds. See more details in our Analysis section.
GCAL expense ratio is 0.35%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GCAL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, GCAL technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GCAL shows the neutral signal. See more of GCAL technicals for a more comprehensive analysis.
Today, GCAL technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GCAL shows the neutral signal. See more of GCAL technicals for a more comprehensive analysis.
Yes, GCAL pays dividends to its holders with the dividend yield of 3.05%.
GCAL trades at a premium (0.36%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GCAL shares are issued by The Goldman Sachs Group, Inc.
GCAL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 23, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.