Symbols

GTIP

Goldman Sachs Access Inflation Protected USD Bond ETF·CBOE

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Key Stats

Assets Under Management

207.51MUSD

Fund Flows (1Y)

67.69MUSD

Dividend Yield

4.57%

Discount/Premium to NAV

0.09%

Shares Outstanding

4.20M

Expense Ratio

0.12%

About Goldman Sachs Access Inflation Protected USD Bond ETF

Issuer

Goldman Sachs Asset Management, L.P.

Brand

Goldman Sachs

Home Page

https://am.gs.com/en-us/individual/funds/detail/PV102998/381430362/goldman-sachs-access-inflation-protected-usd-bond-etf

Inception Date

Oct 2, 2018

Structure

Open-Ended Fund

Index Tracked

FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Goldman Sachs Asset Management LP

Distributor

ALPS Distributors, Inc.

GTIP seeks to take advantage of persistent liquidity effects in the TIPS market. Typically, the most actively traded TIPS are the most recently issued ("on-the-run”) securities in each term series. In contrast, all other ("off-the-run”) TIPS tend to trade at a small discount due to their lower liquidity. In addition, many rules-based strategies are required to buy the on-the-run issues, potentially driving up their price. Therefore, GTIP aims to outperform by simply excluding the on-the-run issues from its portfolio, which otherwise includes all TIPS with at least one year left to maturity. The fund is designed to replace a broad-market TIPS fund in an investor's portfolio—it's weighted so that portfolio duration is equal to that of the complete TIPS market, although fund documents do not state exactly how this works.