Goldman Sachs Dynamic California Municipal Income ETF

Frequently Asked Questions About GCAL

What does GCAL invest in?

The Goldman Sachs Dynamic California Municipal Income ETF is designed to provide investors with a substantial stream of ongoing income. Notably, the income generated by this fund is exempt from both standard federal income tax and California's individual income tax obligations.

What is the expense ratio of GCAL?

Goldman Sachs Dynamic California Municipal Income ETF (GCAL) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is GCAL's dividend yield?

GCAL's trailing-twelve-month yield is 3.66%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GCAL?

Effective duration measures GCAL's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GCAL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GCAL?

GCAL's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of GCAL?

Yield to maturity (YTM) is the total return you'd earn from GCAL if every bond in the portfolio is held to maturity at the current price. GCAL's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.