Goldman Sachs Municipal Income ETF (GMUB) 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 16, 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 Municipal Income ETF (GMUB) trades at $48.85. The Goldman Sachs Municipal Income ETF aims to provide a high level of current income exempt from regular federal income tax. Sector: Financials.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for GMUB: GMUB 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 Municipal Income ETF (GMUB) Financial Services Profile
Goldman Sachs Municipal Income ETF (GMUB) seeks to deliver high current income exempt from federal income tax through strategic investment in municipal bonds. With a low beta of 0.19 and a market cap of $0.05 billion, the fund caters to investors prioritizing tax-advantaged income streams within the asset management sector.
What Is the Investment Thesis for GMUB?
GMUB offers a focused approach to tax-exempt income generation through municipal bond investments. With a beta of 0.19, it demonstrates lower volatility compared to the broader market, potentially appealing to risk-averse investors. However, the absence of a dividend yield may deter income-focused investors seeking regular payouts. The fund's success hinges on Goldman Sachs' ability to navigate the complexities of the municipal bond market and identify opportunities for yield enhancement while effectively managing credit and interest rate risks. Ongoing monitoring of macroeconomic conditions and municipal bond market dynamics is crucial for assessing GMUB's future performance.
Based on FMP financials and quantitative analysis
GMUB Key Highlights
Market Cap: $0.05B, indicating a relatively small size compared to other ETFs in the asset management sector.
- Beta: 0.19, suggesting lower volatility compared to the broader market, potentially attractive to risk-averse investors.
- Dividend Yield: None, meaning the fund does not distribute regular income payments to shareholders.
- Investment Focus: Seeks high current income exempt from regular federal income tax through municipal bond investments.
- Management: Managed by Goldman Sachs Asset Management, a well-established investment manager.
Who Are GMUB's Competitors?
GMUB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AGGA EA Astoria Dynamic Core US Fixed Income ETF | $24.39 | -0.59% | $52.4M | — |
| BBBI BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | $48.52 | +0.10% | $51.4M | — |
| CATF American Century California Municipal Bond ETF | $47.27 | -0.17% | $79.8M | — |
| CGHY Capital Group High Yield Bond ETF | $24.43 | +0.08% | $54.8M | — |
| DEEF Xtrackers FTSE Developed ex US Multifactor ETF | $38.88 | -0.16% | $52.8M | — |
| BLK BlackRock, Inc. | $1066.45 | +0.64% | $165B | 51 5-pillar |
| BX Blackstone Inc. | $111.64 | -0.09% | $136B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | 0.00% | $74.8B | 56 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GMUB's Key Strengths?
Tax-exempt income stream.
- Diversified portfolio of municipal bonds.
- Managed by Goldman Sachs Asset Management.
- Low beta indicates lower volatility.
What Are GMUB's Weaknesses?
Absence of dividend yield may deter income-focused investors.
- Performance is sensitive to interest rate changes.
- Credit risk associated with municipal bonds.
- Relatively small market cap compared to larger ETFs.
What Are the Key Risks for GMUB?
Rising interest rates could negatively impact the value of existing municipal bonds in the portfolio.
- Credit downgrades of municipal bonds could lead to losses.
- Changes in tax laws could reduce the attractiveness of municipal bonds.
- Economic downturns could negatively impact the financial health of state and local governments, increasing credit risk.
What Threats Does GMUB Face?
- Rising interest rates negatively impacting bond values.
- Credit downgrades of municipal bonds.
- Changes in tax laws affecting the attractiveness of municipal bonds.
- Competition from other fixed-income investments.
What Are GMUB's Competitive Advantages?
- Expertise of Goldman Sachs Asset Management in fixed-income investing.
- Diversified portfolio of municipal bonds.
- Tax-exempt income stream for investors.
- ETF structure provides liquidity and transparency.
What Does GMUB Do?
The Goldman Sachs Municipal Income ETF (GMUB) is designed to provide investors with a high level of current income that is exempt from regular federal income tax. The fund focuses its investments on municipal bonds, which are debt securities issued by state and local governments to finance public projects. These bonds offer the advantage of being exempt from federal income tax, making them attractive to investors seeking tax-efficient income. GMUB's investment strategy involves actively selecting municipal bonds that Goldman Sachs believes will provide attractive yields while managing risk. The ETF structure allows investors to gain exposure to a diversified portfolio of municipal bonds through a single investment vehicle. This diversification helps to mitigate the risks associated with investing in individual bonds. The fund's performance is influenced by factors such as interest rate movements, credit quality of the underlying bonds, and the overall health of the municipal bond market. As an ETF, GMUB offers daily liquidity, allowing investors to buy or sell shares on the open market. The fund is managed by Goldman Sachs Asset Management, a well-established and experienced investment manager.
What Products and Services Does GMUB Offer?
- Invests in municipal bonds to generate income.
- Seeks to provide income exempt from federal income tax.
- Offers a diversified portfolio of municipal bonds.
- Manages credit and interest rate risk.
- Provides daily liquidity through ETF structure.
- Actively selects municipal bonds based on yield and risk.
How Does GMUB Make Money?
- Generates income from interest payments on municipal bonds.
- Passes income to shareholders after deducting expenses.
- Manages a portfolio of municipal bonds with varying maturities and credit ratings.
What Industry Does GMUB Operate In?
The asset management industry is characterized by intense competition and evolving investor preferences. ETFs like GMUB compete with other fixed-income funds, mutual funds, and individual bond investments. The demand for tax-advantaged investment options has driven growth in the municipal bond market. Interest rate movements, credit spreads, and regulatory changes significantly impact the performance of municipal bond funds. The industry is also adapting to technological advancements and increasing demand for sustainable and socially responsible investment products.
Who Are GMUB's Key Customers?
- Individual investors seeking tax-exempt income.
- Financial advisors managing client portfolios.
- Institutions looking for diversified municipal bond exposure.
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 · 42 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 |
| 2026-10-05 | 47 |
What changed?
The score has stayed at 47.
Over the same 30 days the stock moved -2.8%.
GMUB Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income stream.
- Diversified portfolio of municipal bonds.
- Managed by Goldman Sachs Asset Management.
- Low beta indicates lower volatility.
Bear Case
- Absence of dividend yield may deter income-focused investors.
- Performance is sensitive to interest rate changes.
- Credit risk associated with municipal bonds.
- Relatively small market cap compared to larger ETFs.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
GMUB Latest News
No recent news available for GMUB.
GMUB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for GMUB.
Price Targets
Wall Street price target analysis for GMUB.
GMUB MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for GMUB; grades run from A+ (80-100) to F (below 30).
What Investors Ask About Goldman Sachs Municipal Income ETF (GMUB) — Financials
What are the main risks for GMUB?
The primary risks associated with GMUB include interest rate risk, credit risk, and market risk. Rising interest rates can negatively impact the value of the municipal bonds held in the portfolio, potentially leading to losses. Credit risk refers to the possibility that issuers of municipal bonds may default on their debt 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.
- Information is based on available data and may not be exhaustive.
- Investment decisions should be based on individual circumstances and consultation with a financial advisor.