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ETFs

Goldman Sachs Community Municipal Bond ETF

GMUN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 07 2023
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Goldman Sachs
Volume (1m avg. daily)
—
AUM
$20,205,252
Associated Index
Bloomberg Goldman Sachs Community Municipal Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPRINGFIELD SCHOOL DISTRI
1.05%
n/a
COMMONWEALTH OF PENNSYLVA
0.79%
n/a
King County Wash 5 % Bonds 2014-01.07.28 Refunding Series B
0.67%
n/a
FAIRFAX VIRGINIA (COUNTY
0.63%
n/a
Hlth & Edu Fac 5 % Bonds 2014-1.6.30 SSM Health Care Series 2014A
0.62%
n/a
STATE OF HAWAII
0.61%
n/a
ALABAMA FED AID HWY
0.60%
n/a
STATE OF CALIFORNIA
0.58%
n/a
COMMONWEALTH OF PENNSYLVA
0.54%
n/a
STATE OF ILLINOIS
0.54%
Invest with GMUN

What is GMUN?

The Goldman Sachs Community Municipal Bond ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Goldman Sachs Community Municipal Index. The Index is a rules-based index that is designed to measure the performance of the municipal securities market with remaining maturities between one and fifteen years with screens that take into account certain social or environmental factors. These screens may exclude negative sectors, sources of funds and use of proceeds and include securities with potentially environmentally or socially beneficial outcomes. Municipal securities include fixed income securities issued by or on behalf of states, territories and possessions of the United States (including the District of Columbia) and the political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax (i.e., excluded from gross income for federal income tax purposes). As of December 2, 2022, there were 24,323 constituents in the Index and the Index had a weighted average maturity of 6.04 years.

ETFs related toGMUN

ETFs correlated to GMUN include SUB, IBMO, MBB

GMUN
Goldman Sachs ETF Trust - Goldman Sachs Community Municipal Bond ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
MUST
Columbia ETF Trust I - Columbia Multi-Sector Municipal Income ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
FSMB
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGMUN

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with GMUN using Composer

FAQ

GMUN is a US Bonds ETF. The Goldman Sachs Community Municipal Bond ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Goldman Sachs Community Municipal Index. The Index is a rules-based index that is designed to measure the performance of the municipal securities market with remaining maturities between one and fifteen years with screens that take into account certain social or environmental factors. These screens may exclude negative sectors, sources of funds and use of proceeds and include securities with potentially environmentally or socially beneficial outcomes. Municipal securities include fixed income securities issued by or on behalf of states, territories and possessions of the United States (including the District of Columbia) and the political subdivisions, agencies and instrumentalities, the interest on which is exempt from regular federal income tax (i.e., excluded from gross income for federal income tax purposes). As of December 2, 2022, there were 24,323 constituents in the Index and the Index had a weighted average maturity of 6.04 years.

GMUN tracks the Bloomberg Goldman Sachs Community Municipal Index.

No, GMUN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GMUN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GMUN is %. This is the percent change in the value of GMUN over the most recent 1-month period. The 3-month return on GMUN is %. This is the percent change in the value of GMUN over the most recent 3-month period.

ETFs similar to GMUN include PZA, CMF, and HYD.

ETFs correlated to GMUN include SUB, IBMO, and MBB.

ETFs that are inversely correlated to GMUN include DJD, FNDC, and PPA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.