Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the FTSE Goldman Sachs High Yield Corporate Bond Index, before fees and expenses. The ETF primarily invests at least 80% of its assets in U.S. dollar-denominated high yield corporate bonds rated between C/Ca (minimum) and Ba1/BB+ (maximum) by Moody's or S&P, with maturities ranging from one to 15 years; it employs a representative sampling technique to track the index while aiming to mitigate risks from issuers with deteriorating fundamentals. Issued by Goldman Sachs ETF Trust, the fund operates in the high yield bond segment of the fixed income market, targeting income-seeking investors such as financial advisors and institutions, with a net expense ratio of 0.15% and total assets under management of approximately $93-98 million.
The ETF's portfolio is heavily weighted toward U.S. corporate bonds (91.11%), supplemented by non-U.S. bonds (8.48%) and minimal cash equivalents (0.40%), with top sectors dominated by corporate bonds (99.60%); key holdings include 1261229 B.C. Ltd. 10.00% due 2032, DISH DBS Corporation 7.38% due 2028, and Medline Borrower LP 3.88% due 2029. Launched on September 5, 2017, and domiciled in the United States, GHYB trades on NYSE Arca and is managed by Goldman Sachs Asset Management professionals including David Westbrook (since July 2018) and Todd Henry (since December 2021). The fund delivers monthly distributions, with recent payouts including $0.27809 per share (ex-date November 3, 2025), $0.25166 (ex-date September 2, 2025), and $0.2695 declared earlier in the year.
In recent developments, Goldman Sachs Asset Management has expanded its broader ETF lineup significantly in 2025, launching multiple active fixed income and equity UCITS ETFs in Europe, increasing its global ETF strategies to 68, and announcing an agreement on December 1, 2025, to acquire Innovator Capital Management, a pioneer in defined outcome ETFs managing $28 billion in assets as of September 30, 2025. While GHYB itself has maintained steady performance with year-to-date gains around 8.84% and one-year returns of 7.72%, the issuer's options-based ETFs like GPIX and GPIQ doubled assets to over $1 billion and $987 million, respectively, attracting $600 million in new inflows amid ETF market growth. These strategic expansions and acquisitions position Goldman Sachs Asset Management, which oversees $1.75 trillion globally in fixed income assets, to enhance its passive and active ETF offerings, including high yield strategies like GHYB.