Goldman Sachs Ultra Short Municipal Income ETF
$50.19+0.04 (+0.08%)
- 0.16%
- $63M
- +2.5%
- 2.62%
- 0M sh
- $50.13
- low $50.04high $51.00
The ETF.net GUMI Grade
A
Score 75 out of 100
- 4 of 28
Score 75 of 100 falls in the A 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.A80 out of 100Rank 6 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A83 out of 100Rank 1 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C54 out of 100Rank 14 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C43 out of 100Rank 19 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D32 out of 100Rank 22 of 28
Our read on GUMI
AGoldman keeps this muni portfolio on a six-month leash: active management, tax-exempt income, and minimal rate sensitivity. In a cohort of short-term muni funds, it sits at the ultra-short end and costs less than the typical rival.
The Fund seeks high current income with relatively low principal volatility, aiming for income exempt from regular federal income tax. It normally invests at least 80% of its assets plus investment borrowings in tax-exempt municipal securities.
Why people hold it
- Duration target of about half a year, plus or minus three months, so price moves from rate swings are far smaller than in longer muni funds.sec.gov
- Cheap for an actively run muni fund: 0.16% a year, below the 0.25% median for its short-term muni peer group.
- At least 80% of assets in tax-exempt munis, with income exempt from regular federal income tax and paid out monthly.
- Human managers, not an index: credit work, relative-value trades and tax-loss harvesting across roughly 200 positions.sec.gov
Worth knowing
- Up to 100% of net assets can sit in private activity bonds, whose income may be subject to the federal alternative minimum tax.am.gs.com
- Thinly traded next to cohort heavyweights like SUB and VTES, which makes limit orders the sane way in and out.
- Launched in 2024, so the track record is short by muni-fund standards.
GUMI Holdings
- Bonds
- 185
- 21%
- Chicago, Illinois (City O 5.00% 01/01/2034
Geography
- United States100.00%
GUMI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GUMI$10,255
Returns run to the Oct 12, 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 | GUMI |
|---|---|
| Year to date | +1.7% |
| 1 month | 0.0% |
| 3 months | +0.3% |
| 1 year | +2.5% |
| 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 | GUMI |
|---|---|---|
| 2026 YTD | +1.7% | |
| 2025 | +3.4% | |
| 2024 | +1.5% |
GUMI in the news
GUMI Dividends
- 2.62%
- $1.32
- $0.11 per share
- Monthly
Distribution history
GUMI Risk
- 0.5%
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.
- −2.89
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.
- −0.5%
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.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GUMI Cost
0.16%
GUMI0.16%
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
6 of the 27 Short-Duration Municipal Bonds funds charge less.
Other funds in Short-Duration Municipal Bonds
- ASUBiShares Short-Term National Muni Bond ETFExpense ratio 0.07%1 year return +0.9%
- ATAXSNorthern Trust Short-Term Tax-Exempt Bond ETFExpense ratio 0.05%1 year return +1.2%
- AVSDMVanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETFExpense ratio 0.12%1 year return +0.7%
- AJMSTJPMorgan Ultra-Short Municipal Income ETFExpense ratio 0.18%1 year return +2.0%
- ASHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETFExpense ratio 0.20%1 year return +0.1%