Goldman Sachs Dynamic New York Municipal Income ETF
The ETF.net GMNY Grade
B
Score 58 out of 100
- 29 of 63
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C48 out of 100Rank 30 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A88 out of 100Rank 33 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B68 out of 100Rank 4 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D32 out of 100Rank 49 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 40 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 42 of 63
Our read on GMNY
In short
BNew York paper, actively picked: income aimed at being exempt from regular federal tax plus New York State and City personal income taxes, at 0.30% net of a waiver through December 29, 2026. No index to copy.
Stated mandate
The fund seeks a high level of current income exempt from regular federal income tax and New York State and City personal income taxes. Normally, at least 80% of net assets plus investment borrowings is invested in qualifying municipal fixed-income securities issued by New York and other U.S. public entities.
Why people hold it
Worth knowing
GMNY Holdings
- Bonds
- 243
- 14%
- FTIXX
Geography
- United States88.54%
- Puerto Rico8.11%
- Guam2.44%
- U.S. Virgin Islands0.54%
- American Samoa0.37%
GMNY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
GMNY$10,150
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GMNY |
|---|---|
| Year to date | +0.9% |
| 1 month | +3.1% |
| 3 months | −0.1% |
| 1 year | +1.5% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GMNY |
|---|---|---|
| 2026 YTD | +0.9% | |
| 2025 | +3.8% | |
| 2024 | +102.0% |
GMNY in the news
GMNY Dividends
- 3.45%
- $1.69
- $0.13 per share
- Monthly
GMNY Risk
- 4.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.40
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
GMNY Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$5,511
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
GMNY 0.30%
$6,149
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | GMNY | VTEB | Overpaying |
|---|---|---|---|
| 10 | $545 | $55 | $490 |
| 20 | $2,113 | $216 | $1,897 |
| 30 | $6,149 | $638 | $5,511 |
You pay 0.30%Waived by Goldman Sachs 0.05%
Full fee 0.35% waiver 0.05% you pay 0.30%
Other funds in Other Municipal Bond
- BMUSTColumbia Multi-Sector Municipal Income ETFExpense ratio 0.23%1 year return −1.1%
- BBABInvesco Taxable Municipal Bond ETFExpense ratio 0.28%1 year return −1.3%
- BJHMUJohn Hancock Dynamic Municipal Bond ETFExpense ratio 0.39%1 year return +1.2%
- BNUMINuveen Municipal IncomeExpense ratio 0.30%1 year return +0.1%
- BFTNJFranklin New Jersey Municipal Income ETFExpense ratio 0.35%1 year return