Goldman Sachs Dynamic New York Municipal Income ETF (GMNY)
ARCA ARCA Primary Summary
GMNY Chart
Goldman Sachs Dynamic New York Municipal Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 44,979 | $2.24M | $2.25M | $11,194.48 | 0.5% |
Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) FAQ
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Goldman Sachs Dynamic New York Municipal Income ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates a fund that primarily focuses on investing in fixed income securities, which include bonds and other debt instruments issued by various entities within the United States. These entities comprise states, territories, and their political subdivisions, agencies, and instrumentalities. A key feature of these investments is that the interest earned on them is generally exempt from regular federal income tax, making them an attractive option for investors seeking tax-efficient income. The fund is categorized as non-diversified, which means it may concentrate its investments in a smaller number of issuers or sectors, potentially increasing its risk and volatility compared to diversified funds.
Products and Services
- Fixed Income Securities Investment
The fund specializes in investing in fixed income securities that are issued by or on behalf of U.S. states, territories, and possessions along with their political subdivisions, agencies, and instrumentalities. This product is designed for investors looking to earn income that is generally exempt from federal income taxes, providing a tax-efficient investment option.
- Non-Diversified Fund Strategy
As a non-diversified fund, this investment vehicle concentrates its assets in fewer issuers compared to diversified funds. This strategy is tailored for investors who are seeking potentially higher returns and are willing to accept the higher risk associated with a less diversified investment portfolio.
