GCAL

Goldman Sachs Dynamic California Municipal Income ETF

$50.88

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Goldman Sachs Dynamic California Municipal Income ETF (GCAL) seeks to provide current income exempt from federal and California state personal income taxes.

Overview

ETF tracking Goldman Sachs Dynamic California Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-07-25

Market Cap $117.0M

Average Volume N/A

Dividend Yield 2.48%

52-Week Range $48.50 - $51.07

VWAP $50.94

Performance

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Investment Summary

📎 Investment Objective

The Goldman Sachs Dynamic California Municipal Income ETF (GCAL) seeks to provide current income exempt from federal and California state personal income taxes.

🎯 Investment Strategy

The ETF invests primarily in municipal bonds and other municipal securities that pay interest exempt from federal and California state personal income taxes. The fund's portfolio is actively managed, with the goal of generating attractive tax-exempt income while managing interest rate and credit risk.

✨ Key Features

Focuses on municipal bonds issued in the state of California
Actively managed portfolio aiming to generate tax-exempt income
Seeks to manage interest rate and credit risk
No assets under management as of the provided information

⚠️ Primary Risks

Interest rate risk: The value of the fund's investments may decline when interest rates rise
Credit risk: The fund is exposed to the risk of issuers defaulting on their debt obligations
Concentration risk: As a single-state municipal bond fund, the fund is subject to greater risk from adverse economic, political, or regulatory developments in California
Liquidity risk: The fund may have difficulty selling certain securities, which could result in losses

👤 Best For

This ETF may be suitable for California-based investors seeking tax-exempt income and willing to accept the risks associated with municipal bond investments, including interest rate, credit, and concentration risks. Investors should have a medium-term investment horizon and be comfortable with the fund's active management approach.