GMUN

Goldman Sachs Access Municipal Bond ETF

$50.61

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Goldman Sachs Access Municipal Bond ETF (GMUN) seeks to provide current income that is exempt from regular federal income taxes by investing primarily in investment-grade municipal bonds.

Overview

ETF tracking Goldman Sachs Access Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-03-09

Market Cap $10.1M

Average Volume N/A

Dividend Yield 2.44%

52-Week Range $48.18 - $50.80

VWAP $50.62

Performance

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Investment Summary

📎 Investment Objective

The Goldman Sachs Access Municipal Bond ETF (GMUN) seeks to provide current income that is exempt from regular federal income taxes by investing primarily in investment-grade municipal bonds.

🎯 Investment Strategy

GMUN invests in a diversified portfolio of municipal bonds, focusing on those with investment-grade credit ratings. The fund's portfolio is actively managed, with the goal of generating tax-exempt income while maintaining a low-to-moderate risk profile.

✨ Key Features

Exposure to a broad range of investment-grade municipal bonds
Actively managed portfolio to optimize risk-adjusted returns
Potential for tax-exempt income generation
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The risk of default or downgrade by municipal bond issuers
Liquidity risk: Potential difficulty in selling municipal bonds during times of market stress
Concentration risk: The fund's focus on municipal bonds may make it more susceptible to economic and political factors affecting that sector

👤 Best For

GMUN may be suitable for investors seeking tax-exempt income and a low-to-moderate risk investment in the municipal bond market. It may be particularly appealing to investors in higher tax brackets who are looking to maximize their after-tax returns.