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GUMI ETF — Holdings & Analysis

The Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is a fixed-income ETF managed by Goldman Sachs, seeking a high level of current income exempt from regular federal income tax, while maintaining relatively low principal volatility. Launched in 2024, GUMI has a small AUM of $0.03 billion and an expense ratio of 0.16%. The fund's strategy focuses on municipal securities, with its current allocation entirely in cash and other holdings, distinguishing it from broader fixed-income ETFs.

Goldman Sachs Ultra Short Municipal Income ETF (GUMI) ETF — Price, Holdings & Analysis

The Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is a fixed-income ETF managed by Goldman Sachs, seeking a high level of current income exempt from regular federal income tax, while maintaining relatively low principal volatility. Launched in 2024, GUMI has a small AUM of $0.03 billion and an expense ratio of 0.16%. The fund's strategy focuses on municipal securities, with its current allocation entirely in cash and other holdings, distinguishing it from broader fixed-income ETFs.

ETF Overview

The Goldman Sachs Ultra Short Municipal Income ETF (the “Fund”) seeks a high level of current income, consistent with relatively low volatility of principal, that is exempt from regular federal income tax.
GUMI aims to provide investors with tax-exempt income by investing in ultra-short-term municipal securities. The fund's primary objective is to deliver a high level of current income while minimizing principal volatility. As of 2026-03-15, the fund's sector allocation is 100% in cash and other holdings, reflecting a highly conservative approach. This focus on cash positions allows the fund to maintain liquidity and minimize credit risk associated with longer-term municipal bonds. The ETF's strategy may appeal to investors seeking a stable, tax-advantaged income stream with minimal exposure to market fluctuations. However, the current allocation means investors are not exposed to the typical benefits of municipal bonds. The fund's holdings consist of 159 different assets. The fund is relatively new, incepted in July 2024.

Risk Metrics

GUMI's risk profile is shaped by its ultra-short-term focus and current allocation. The fund's beta of 0.00 indicates very low volatility relative to the broader market. However, the concentration of 100% of its assets in cash and other holdings introduces concentration risk, as the fund's performance is entirely dependent on the management of these assets. The 0.16% expense ratio can create a slight drag on performance, especially in a low-yield environment. Investors should be aware that while the fund aims for low volatility, its returns may be limited by its conservative investment approach. Past performance does not guarantee future results.

Expense Ratio

0.16%

Sector Allocation

  • Cash & Others: 100.0%
  • Other: 100.0%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is GUMI and what does it track?

GUMI, the Goldman Sachs Ultra Short Municipal Income ETF, is designed to provide a high level of current income that is exempt from regular federal income tax, while maintaining relatively low volatility of principal. It achieves this by investing in a portfolio of ultra-short-term municipal securities. However, as of 2026-03-15, the fund's allocation is 100% in cash and other holdings. The fund's net asset value (NAV) is $50.34, and it manages approximately $0.03 billion in assets.

What is the expense ratio for GUMI?

The expense ratio for GUMI is 0.16%. This means that for every $10,000 invested in the fund, $16 is used to cover the fund's operating expenses. While it's difficult to find a direct category average for ultra-short municipal bond ETFs, the expense ratio is relatively low compared to the broader fixed-income ETF category, where expense ratios can range from 0.30% to 0.50% or higher.

What are the top holdings in GUMI?

As of 2026-03-15, GUMI's portfolio is allocated 100% to cash and other holdings. This means that the fund does not currently have specific municipal bond holdings. The fund's strategy may involve holding cash equivalents to maintain liquidity and minimize risk. Investors should review the fund's holdings periodically to understand its current investment strategy.

Is GUMI a good long-term investment?

Whether GUMI is a suitable long-term investment depends on an investor's individual financial goals and risk tolerance. The fund's objective is to provide tax-exempt income with low principal volatility, which may appeal to conservative investors seeking stability. However, the fund's current allocation to cash and other holdings may limit its potential for long-term growth. GUMI may be worth researching's investment strategy, expense ratio, and risk profile in the context of their overall portfolio. Past performance does not guarantee future results.

How does GUMI compare to similar ETFs?

GUMI differentiates itself through its focus on ultra-short-term municipal securities and its objective of providing tax-exempt income. However, its current allocation to cash and other holdings sets it apart from other municipal bond ETFs that invest directly in municipal bonds. GUMI's expense ratio of 0.16% is competitive. With AUM of $0.03 billion, GUMI is smaller than some of the more established players in the municipal bond ETF space.

Does GUMI pay dividends?

As of 2026-03-15, GUMI's dividend yield is 0.00%. This indicates that the fund is not currently distributing income to shareholders. The lack of dividend payments may be attributed to the fund's current allocation to cash and other holdings, which may not generate significant income. Investors seeking current income may want to consider other fixed-income ETFs with a higher dividend yield.