Goldman Sachs Dynamic New York Municipal Income ETF
$47.97−0.48 (−1.00%)
- Expense ratio
- 0.35%
- Fund size
- $48M
- 1Y return
- +0.9%
- Yield · Last 12 months
- 3.55%
- Holdings
- 218
- Volume · 30D
- 0M sh
- NAV per share
- $48.42
- 52W range
The ETF.net GMNY Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 36Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 90Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 29Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 45Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
Our read on GMNY
CGoldman's bond desk hand-picking New York munis: income exempt from regular federal tax plus New York State and City personal income taxes, paid monthly. Launched in 2024, it is the active answer to a shelf of index NY muni trackers.
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
- The tax angle is narrow on purpose: it targets income exempt from regular federal tax and New York State and New York City personal income taxes, which lands hardest for people paying all three.
- Actively managed and compact, roughly 60 positions, so the team can lean into specific credits and maturities rather than mirror a broad New York index the way NYF does.
- The mandate is written down, not implied: normally at least 80% of net assets plus borrowings sits in qualifying municipal bonds, and the portfolio matches that label closely.
- Distributions come monthly, which suits people who treat muni income as a paycheck rather than a year-end surprise.
Worth knowing
- At 0.35% a year it runs above the typical muni ETF and well above index New York options like NYF at 0.09%. Active security selection is what the extra buys.
- Small asset base and thin trading volume, so spreads can widen and limit orders are the usual tool for getting in and out cleanly.
- A single-state book concentrates New York issuer and state tax-law risk, and with a 2024 launch there is not yet a long record across a full rate cycle.
GMNY Holdings
- Bonds
- 218
- 18%
- FTIXX
Sectors
- Financials100.0%
Geography
- United States100.00%
GMNY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −0.7% |
| 1 month | −2.0% |
| 3 months | −2.7% |
| 1 year | +0.9% |
| 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 | −0.7% | |
| 2025 | +3.8% | |
| 2024 | +102.0% |
GMNY in the news
ETF.net Research hasn’t filed on GMNY yet — coverage lands here as it’s written.
GMNY Dividends
- 3.55%
- $1.72
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.14 |
| Aug 3, 2026 | Aug 7, 2026 | $0.14 |
| Jul 1, 2026 | Jul 8, 2026 | $0.15 |
| Jun 1, 2026 | Jun 5, 2026 | $0.13 |
| May 1, 2026 | May 7, 2026 | $0.14 |
| Apr 1, 2026 | Apr 8, 2026 | $0.15 |
| Mar 2, 2026 | Mar 6, 2026 | $0.13 |
| Feb 2, 2026 | Feb 6, 2026 | $0.14 |
| Dec 31, 2025 | Jan 7, 2026 | $0.15 |
| Dec 1, 2025 | Dec 5, 2025 | $0.13 |
| Nov 3, 2025 | Nov 7, 2025 | $0.15 |
| Oct 1, 2025 | Oct 7, 2025 | $0.15 |
GMNY Risk
- 3.4%
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.
- −0.48
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.
- −4.0%
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.
GMNY Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
35 of the 62 Other Municipal Bond funds charge less.