Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.19: the stock has moved about 81% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 15, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerGoldman Sachs Dynamic New York Municipal Income ETF (GMNY) trades at $47.70. The Goldman Sachs Dynamic New York Municipal Income ETF aims to provide high current income exempt from federal, New York State, and City personal income taxes. Sector: Financials.
Price as of · Last analyzed: Mar 15, 2026Analyst Coverage for GMNY: GMNY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) Financial Services Profile
Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) offers tax-exempt income to investors, specializing in New York municipal bonds. As a passively managed fund within Goldman Sachs' asset management division, GMNY targets high current income for individuals seeking state and local tax advantages in the New York area.
What Is the Investment Thesis for GMNY?
GMNY presents a focused investment opportunity for individuals seeking tax-exempt income primarily from New York municipal bonds. With a beta of 0.19, the fund exhibits lower volatility compared to the broader market. However, the absence of a dividend yield may deter some income-focused investors. Growth catalysts include potential increases in demand for tax-advantaged investments due to changes in tax laws or rising income levels in New York. The fund's value driver is its ability to generate consistent tax-exempt income, which is particularly attractive to high-income earners in New York. A potential risk is the fund's sensitivity to interest rate changes and credit risk within the New York municipal bond market. As of 2026, the fund's relatively small market cap of $0.01 billion could impact liquidity and trading volumes.
Based on FMP financials and quantitative analysis
GMNY Key Highlights
GMNY's primary objective is to provide current income exempt from federal, New York State, and City personal income taxes.
- The fund invests primarily in municipal bonds issued within New York, targeting tax-advantaged income for residents.
- GMNY has a beta of 0.19, indicating lower volatility compared to the broader market.
- The fund's performance is influenced by interest rate movements, credit spreads, and the health of the New York municipal bond market.
- GMNY's market cap is $0.01 billion as of March 15, 2026.
Who Are GMNY's Competitors?
GMNY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| COIG Leverage Shares 2x Long COIN Daily ETF | $5.73 | +7.35% | $9.45M | — |
| IBGB iShares iBonds Dec 2045 Term Treasury ETF | $22.05 | -0.59% | $8.87M | — |
| IQRA NYLI CBRE Real Assets ETF | $30.40 | -1.15% | $6.75M | — |
| MYCK State Street My2031 Corporate Bond ETF | $23.79 | -0.10% | $5.95M | — |
| BLK BlackRock, Inc. | $1058.95 | -0.06% | $164B | — |
| BX Blackstone Inc. | $112.04 | +0.26% | $135B | — |
| APOS Apollo Global Management, Inc. | $25.56 | -0.12% | $74.8B | — |
| BAM Brookfield Asset Management | $44.52 | -0.74% | $71.6B | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GMNY's Key Strengths?
Tax-exempt income for New York residents.
- Goldman Sachs brand and expertise.
- Focus on New York municipal bonds.
- Actively managed portfolio.
What Are GMNY's Weaknesses?
Small market capitalization.
- Lack of dividend yield.
- Concentrated investment in New York municipal bonds.
- Sensitivity to interest rate changes.
What Are the Key Risks for GMNY?
Changes in tax laws that could reduce the attractiveness of tax-exempt investments.
- Economic downturn in New York, leading to credit risk in the municipal bond market.
- Interest rate increases, which could negatively impact bond values.
- Competition from other municipal bond funds, potentially impacting market share.
What Are GMNY's Competitive Advantages?
- Tax-Exempt Income: Offers income exempt from federal, New York State, and City personal income taxes, a significant advantage for New York residents.
- Goldman Sachs Brand: Benefits from the reputation and expertise of Goldman Sachs in asset management.
- Focus on New York: Specializes in New York municipal bonds, providing local market expertise.
What Does GMNY Do?
The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) is designed to provide investors with a high level of current income that is exempt from regular federal income tax, as well as New York State and City personal income taxes. The fund focuses its investments primarily on municipal bonds issued within New York, aiming to capitalize on the tax advantages offered by these securities for residents of the state and city. Launched as part of Goldman Sachs' broader suite of exchange-traded funds, GMNY caters to investors seeking tax-efficient income streams. The fund's strategy involves actively managing its portfolio to optimize income while maintaining a focus on credit quality and risk management. By investing in a diversified portfolio of New York municipal bonds, GMNY seeks to provide a stable and reliable source of tax-exempt income for its shareholders. The fund's performance is influenced by factors such as interest rate movements, credit spreads, and the overall health of the New York municipal bond market. As an ETF, GMNY offers investors the flexibility to buy and sell shares throughout the trading day, providing liquidity and ease of access to the New York municipal bond market. The fund's investment objective and strategy are aligned with the needs of income-seeking investors who are looking to minimize their tax burden while generating a steady stream of income.
What Products and Services Does GMNY Offer?
- Invests in a portfolio of New York municipal bonds.
- Seeks to provide a high level of current income.
- Offers income that is exempt from federal, New York State, and City personal income taxes.
- Actively manages its portfolio to optimize income and manage risk.
- Provides investors with exposure to the New York municipal bond market.
- Offers daily liquidity through exchange-traded shares.
How Does GMNY Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Invests in New York municipal bonds to generate tax-exempt income.
- Manages credit risk and interest rate risk to protect investor capital.
What Industry Does GMNY Operate In?
GMNY operates within the asset management industry, specifically focusing on municipal bond ETFs. The municipal bond market is influenced by factors such as interest rates, credit ratings, and tax policies. Demand for municipal bonds often increases during periods of economic uncertainty or when tax rates rise, as investors seek tax-advantaged income. The competitive landscape includes other municipal bond ETFs, such as CARU, COIG, IBGB, IQRA and MYCK, each with varying investment strategies and expense ratios. GMNY's focus on New York municipal bonds differentiates it from broader national municipal bond funds.
Who Are GMNY's Key Customers?
- Individual investors seeking tax-exempt income.
- High-net-worth individuals in New York.
- Financial advisors and wealth managers.
- Institutions seeking tax-advantaged investments.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 47 |
| 2026-08-31 | 47 |
| 2026-09-08 | 47 |
| 2026-09-16 | 47 |
| 2026-09-24 | 47 |
| 2026-10-04 | 47 |
What changed?
The score has stayed at 47.
Over the same 30 days the stock moved -2.7%.
GMNY Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income for New York residents.
- Goldman Sachs brand and expertise.
- Focus on New York municipal bonds.
- Actively managed portfolio.
Bear Case
- Small market capitalization.
- Lack of dividend yield.
- Concentrated investment in New York municipal bonds.
- Sensitivity to interest rate changes.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
GMNY Latest News
-
As Midterms Loom, Here Are the Opportunities in Muni Bonds
etftrends.com · Sep 17, 2026
GMNY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for GMNY.
Price Targets
Wall Street price target analysis for GMNY.
GMNY MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for GMNY; grades run from A+ (80-100) to F (below 30).
What Investors Ask About Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) — Financials
What are the main risks for GMNY?
The main risks for GMNY include interest rate risk, credit risk, and concentration risk. Interest rate risk refers to the potential for bond values to decline as interest rates rise. Credit risk is the risk that issuers of municipal bonds may default on their obligations.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on available data and may be subject to change.
- Investment decisions should be based on individual risk tolerance and financial circumstances.