Goldman Sachs Municipal Income ETF
GMUB
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 25, 2024
- Website
- am.gs.com
- Similar Companies
- Business
- Goldman Sachs Municipal Income ETF (GMUB) is an actively managed exchange-traded fund that seeks a high level of current income exempt from regular federal income tax by investing primarily in a diversified portfolio of U.S. dollar-denominated investment-grade municipal securities issued by states, territories, political subdivisions, agencies, and instrumentalities; the fund may allocate up to 15% of net assets to non-investment grade municipal bonds and up to 100% to private activity bonds, whose interest may be subject to the federal alternative minimum tax, with a target duration range of three to six years. It employs fundamental analysis combining bottom-up and top-down security selection, focusing on credit quality, structure, and tax benefits across sectors such as water/sewer, state appropriation, sales tax, hospitals, universities, and airports; the fund benchmarks against the Bloomberg 1-15 Year (1-17) Municipal Bond Index and trades on NYSE Arca with a net expense ratio of 0.18%. Launched on July 23, 2024, as part of Goldman Sachs ETF Trust and domiciled in the United States, GMUB is managed by Goldman Sachs Asset Management, L.P., a division of The Goldman Sachs Group, Inc. headquartered in New York, with a tenured municipal fixed income team including co-head Scott Diamond. In July 2024, Goldman Sachs Asset Management launched GMUB alongside three complementary municipal bond ETFs—Goldman Sachs Ultra Short Municipal Income ETF (GUMI), Goldman Sachs Dynamic California Municipal Income ETF (GCAL), and Goldman Sachs Dynamic New York Municipal Income ETF (GMNY)—to enhance its fixed income ETF lineup, bringing the total to 42 U.S. ETF strategies managing over $35 billion in assets as of June 30, 2024. This expansion leverages Goldman Sachs' 30+ years of expertise in municipal bonds, providing investors cost-efficient access to tax-exempt income amid shifting interest rate environments and municipal market dynamics. As of May 31, 2025, the fund holds approximately 133 securities with net assets of $22.19 million, a 30-day SEC yield of 3.81%, and an option-adjusted duration of 4.84 years.