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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.11%
Futures−0.11%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GCAL last dividends amounted to 0.06 USD. The month before, the issuer paid 0.13 USD in dividends, which shows a 130.15% decrease.
GCAL assets under management is 102.67 M USD. It's risen 453.33% over the last month.
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.
Yes, GCAL pays dividends to its holders with the dividend yield of 3.05%. The last dividend (Aug 7, 2025) amounted to 0.06 USD. The dividends are paid monthly.
GCAL shares are issued by The Goldman Sachs Group, Inc. under the brand Goldman Sachs. The ETF was launched on Jul 23, 2024, and its management style is Active.
GCAL expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
GCAL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GCAL invests in bonds.
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 trades at a premium (0.36%) meaning the ETF is trading at a higher price than the calculated NAV.