Goldman Sachs Ultra Short Municipal Income ETF (GUMI)

The Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is an actively managed fixed income fund from Goldman Sachs Asset Management. It seeks to provide current income that is generally exempt from regular federal income tax, while emphasizing preservation of capital and liquidity.

The fund invests primarily in municipal securities issued by U.S. states, cities and other local government entities, focusing on very short maturities and floating- or variable-rate instruments. Keeping duration very short helps limit sensitivity to changes in interest rates.

Portfolio managers select holdings based on credit research and their outlook for the municipal market, rather than tracking a benchmark index.