Goldman Sachs Dynamic New York Municipal Income ETF
GMNY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 200 West Street New York NY United States of America 10282
- IPO Date
- Jul 23, 2024
- Website
- am.gs.com
- Similar Companies
- Business
- Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) is an actively managed exchange-traded fund that seeks a high level of current income exempt from regular federal income tax and New York State and City personal income taxes by investing primarily in municipal securities issued by or on behalf of the state of New York and its political subdivisions, agencies, and instrumentalities, as well as other U.S. states, territories, and possessions; the fund dynamically allocates along the municipal yield curve and credit quality spectrum with duration flexibility between 2 and 8 years, and may hold up to 30% of net assets in non-investment grade municipal bonds, private activity bonds, and affiliated or unaffiliated investment companies. It offers exposure to a diversified portfolio including investment-grade and high-yield New York municipal bonds across sectors such as state general obligation, income tax, transportation, airport, corporate, school district general obligation, sales tax, hospital, special tax, and university bonds, with a net expense ratio of 0.35% and typical holdings numbering around 65 securities. The fund targets investors in higher tax brackets seeking tax-efficient income and portfolio diversification within fixed income strategies, particularly those focused on Muni New York Intermediate categories. Launched on July 23, 2024, and listed on NYSE Arca, GMNY forms part of Goldman Sachs Asset Management's expanded fixed income ETF suite, which oversees more than 42 strategies representing over $35 billion in U.S. assets as of June 30, 2024; it is managed by a tenured team including Scott Diamond, Joseph Wenzel, David Westbrook, Todd Henry, and Sylvia Yeh, drawing on Goldman Sachs' 30+ years of municipal fixed income expertise. Headquartered in New York, the fund operates within Goldman Sachs ETF Trust and is available for sale in the United States, with total net assets recently around $19.55 million to $26.23 million and a 30-day SEC yield of approximately 3.69%. In July 2024, Goldman Sachs Asset Management strategically launched GMNY alongside three companion municipal bond ETFs—Ultra Short Municipal Income ETF (GUMI), Municipal Income ETF (GMUB), and Dynamic California Municipal Income ETF (GCAL)—to enhance its active fixed income offerings and provide cost-efficient access to municipal bonds amid anticipated shifts in the Federal Reserve's rate cycle, leveraging the firm's disciplined risk management in the changing municipal bond landscape. No subsequent major acquisitions, funding rounds, partnerships, or reorganizations specific to GMNY have been reported as of late 2025, reflecting its recent establishment and focus on organic portfolio growth.