Goldman Sachs Ultra Short Municipal Income ETF
$50.11−0.10 (−0.20%)
- Expense ratio
- 0.16%
- Fund size
- $60M
- 1Y return
- +2.4%
- Yield · Last 12 months
- 2.66%
- Holdings
- 201
- Volume · 30D
- 0M sh
- NAV per share
- $50.21
- 52W range
The ETF.net GUMI Grade
Score 75 of 100 sits in the A 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.AScore 80Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 76Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 50Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 33Category rank
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
- 201
- 19%
- PHILADELPHIA PENNSYLVANIA 5.00% 06/30/2027
Sectors
- Financials100.0%
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.
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 | GUMI |
|---|---|
| Year to date | +1.6% |
| 1 month | −0.0% |
| 3 months | +0.3% |
| 1 year | +2.4% |
| 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 | +1.6% | |
| 2025 | +3.4% | |
| 2024 | +1.5% |
GUMI in the news
ETF.net Research hasn’t filed on GUMI yet — coverage lands here as it’s written.
GUMI Dividends
- 2.66%
- $1.33
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.11 |
| Aug 3, 2026 | Aug 7, 2026 | $0.09 |
| Jul 1, 2026 | Jul 8, 2026 | $0.12 |
| Jun 1, 2026 | Jun 5, 2026 | $0.11 |
| May 1, 2026 | May 7, 2026 | $0.12 |
| Apr 1, 2026 | Apr 8, 2026 | $0.10 |
| Mar 2, 2026 | Mar 6, 2026 | $0.11 |
| Feb 2, 2026 | Feb 6, 2026 | $0.10 |
| Dec 31, 2025 | Jan 7, 2026 | $0.12 |
| Dec 1, 2025 | Dec 5, 2025 | $0.10 |
| Nov 3, 2025 | Nov 7, 2025 | $0.11 |
| Oct 1, 2025 | Oct 7, 2025 | $0.13 |
GUMI Risk
- 0.4%
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.
- −2.93
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
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
6 of the 27 Short-Duration Municipal Bonds funds charge less.