GMNY

Goldman Sachs Dynamic New York Municipal Income ETF

$49.92

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) seeks to provide current income exempt from federal and New York state and local income taxes.

Overview

ETF tracking Goldman Sachs Dynamic New York Municipal Income ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-07-25

Market Cap $20.0M

Average Volume N/A

Dividend Yield 2.78%

52-Week Range $48.12 - $50.71

VWAP $49.94

Performance

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Investment Summary

📎 Investment Objective

The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) seeks to provide current income exempt from federal and New York state and local income taxes.

🎯 Investment Strategy

The ETF invests primarily in municipal bonds and other municipal securities that pay interest exempt from federal and New York state and local 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 New York
Actively managed portfolio to optimize tax-exempt income and manage risk
Expense ratio of 0.00%
Low assets under management as a newly launched ETF

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit risk if municipal issuers experience financial difficulties
Concentration risk as the fund is focused on New York municipal securities
Liquidity risk for the ETF shares due to the low asset base

👤 Best For

This ETF may be suitable for New York-based investors seeking tax-exempt income and willing to accept the risks associated with municipal bond investments. Due to the fund's small asset size and limited performance history, it may be more appropriate for experienced investors as part of a diversified portfolio.