Claymore CEF GS Connect ETN
GCE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Dec 10, 2007
- Similar Companies
- Business
- Claymore CEF GS Connect ETN (GCE) is an exchange-traded note that seeks to replicate, net of expenses, the performance of the Claymore CEF Index, which measures the performance of a basket of closed-end funds selected based on predefined criteria including market capitalization, liquidity, and diversification across sectors; it provides investors with exposure to a portfolio of closed-end funds without direct ownership of the underlying CEFs. Issued by GS Finance Corp., a wholly-owned subsidiary of The Goldman Sachs Group, Inc., the ETN offers a cash payment at maturity or upon early redemption based on the index value, with an expense ratio of 0.95%. Headquartered in New York, New York, the product was launched on December 10, 2007, and primarily targets institutional and retail investors seeking leveraged or synthetic exposure to the closed-end fund market in the United States. The ETN operates within the exchange-traded products segment of the asset management industry, focusing on U.S.-listed closed-end funds that span equity, fixed income, and alternative investment strategies; it does not engage in direct lending, underwriting, or advisory services but serves as a structured debt instrument linked to the index. GS Finance Corp. maintains no disclosed subsidiaries specific to this ETN, though it leverages Goldman Sachs' broader infrastructure for issuance and distribution. In recent developments, Goldman Sachs announced in August 2020 its intention to delist the GCE ETN from NYSE Arca due to low trading activity, with approximately $1.70 million in aggregate indicative value outstanding at that time based on a closing indicative value of $14.77; despite this, limited trading persists on over-the-counter markets or alternative venues as evidenced by price quotes around $12.70 in late 2025 and volume spikes such as 4,132 shares at $54.18 in October 2025 under variant ticker GSCE. No major partnerships, acquisitions, funding rounds, new product launches, or strategic expansions related to GCE have been reported in the last 1-2 years. The ETN remains active for redemption until its scheduled maturity on December 10, 2037, with no indications of early termination or reorganization.