Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Frequently Asked Questions About GPRF

What does GPRF invest in?

The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index measures the performance of preferred stock and other hybrid instruments issued in the U.S. and denominated in USD.

What is the expense ratio of GPRF?

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

What is GPRF's dividend yield?

GPRF's trailing-twelve-month yield is 5.88%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GPRF?

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

What is the credit quality of GPRF?

GPRF'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 GPRF?

Yield to maturity (YTM) is the total return you'd earn from GPRF if every bond in the portfolio is held to maturity at the current price. GPRF'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.