Goldman SachsBonds & CashUltra-Short#158 of 786 by YTD

Goldman Sachs Ultra Short Municipal Income ETFGUMI

$50.40+0.1%

+$0.03 · Nov 9 close

AUM: $105M
Fee: 0.16%
Yield: 2.6%

Bumpy · 1Y: 0.1×S&P
Volume: 39K
NAV: $50.38

CONNECTICUT HEALTH AND ED 2.65% 07/01/2042 2.9%MISSISSIPPI BUSINESS FINA 2.50% 12/01/2030 2.7%CITY OF SEATTLE, CITY LIG 2.65% 08/01/2056 2.4%MONTGOMERY, MARYLAND (COU 2.60% 11/01/2037 2.4%

52-week range1% below the high

$50.04$51.00

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+0.1%	+0.1%	+0.7%	+0.8%	+2.4%	+3.1%	—	—	+7.5%
Peer average	0.0%	+0.1%	+0.5%	+0.7%	+2.9%	+3.6%	+15.4%	+18.5%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

GUMI in One Breath

GUMI Among Ultra-Short ETFs

YTD

#1FUSIAmerican Century+4.1%$75.5M

#2RBILF/m+3.7%$176M

#3TUSBThrivent+3.6%$199M

#4MINTPIMCO+3.5%$18.3B

#5GMOCGMO+3.5%$31.0M

#6PULSPGIM+3.4%$19.8B

#7TUSITouchstone+3.4%$859M

#8KCSHKraneShares+3.4%$174M

#39GUMIGoldman Sachs+2.4%$105M

End-of-day Nov 9, 2026 · 50 Ultra-short ETFs by YTD

$10,000 in GUMI

$10,000 in GUMI became

$10,749

In the S&P 500 (VOO)

$14,369

Total return, dividends in · Jul 25, 2024 – Nov 9, 2026 · S&P 500 uses VOO

GUMI’s Top Holdings

Today

CONNECTICUT HEConnecticut Health And Ed 2.65% 07/01/20422.9%MISSISSIPPI 2.7%CITY OF SEAT2.4%MONTGOMERY, 2.4%NEW YORK CIT1.9%GULF COAST I1.9%KING, WASHIN1.9%LOUISVILLE &1.8%PHILADELPHIA1.5%CHICAGO, ILL1.5%NORTHERN ILL1.5%PUBLIC ENERG1.5%TARRANT COUN1.2%NEW JERSEY T1.2%BONNEVILLE J1.2%JEA 2.33% 101.1%MARYLAND ECO1.1%SARASOTA COU1.1%EAGLE COUNTY1.1%ALLEGHENY CO1.0%BOARD OF REG1.0%STATE OF OHI1.0%

Goldman Sachs GUMI · 222 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026

What GUMI Holds

Today

All holdings100.0%

CONNECTICU 2.9 · MISSISSIPP 2.7 · CITY OF SE 2.4 · MONTGOMERY 2.4 · NEW YORK C 1.9 · GULF COAST 1.9 · KING, WASH 1.9

Goldman Sachs GUMI · share of the fund · as of Nov 9, 2026

Connecticut’s Share of GUMI

Today

2.9%

$29 of every $1,000 in GUMI is Connecticut

Connecticut held by GUMI

$3.0M

Goldman Sachs GUMI · each square = $10 of $1,000 · as of Nov 9, 2026

GUMI’s Share of Ultra-Short ETFs

Today

0.1%

of the $153B in 56 Ultra-short ETFs

GUMI$105M0.1%

JPST$42.4B27.7%

PULS$19.8B13.0%

53 others$90.6B59.2%

Ultra-short ETF AUM · Nov 9, 2026

GUMI Fee per $100 vs Peers

Today

$0.16a year
per $100

$16 a year on $10,000

ICSH$0.08

VUSB$0.10

PULS$0.15

GUMI$0.16

JPST$0.18

MINT$0.36

Expense ratio · Ultra-short peers · Nov 9, 2026

Inside GUMI

222 holdings · as of Nov 9, 2026

GUMI

Goldman Sachs Ultra Short Municipal Income ETF

Today

All holdings100.0%Connecticu2.9%Mississipp2.7%City OF Se2.4%Montgomery2.4%NEW York C1.9%Gulf Coast1.9%King, Wash1.9%Louisville1.8%208 more holdings73.7% of the fund

All holdings100.0%Connecticu2.9%Mississipp2.7%216 more holdings85.8% of the fund

#	Ticker	Company	Weight ▼
1	—	Connecticut Health AND ED 2.65% 07/01/2042	2.87%
2	—	Mississippi Business Fina 2.50% 12/01/2030	2.73%
3	—	City OF Seattle, City LIG 2.65% 08/01/2056	2.39%
4	—	Montgomery, Maryland (cou 2.60% 11/01/2037	2.39%
5	—	NEW York City Transitiona 2.65% 08/01/2045	1.91%
6	—	Gulf Coast Industrial DEV 2.65% 11/01/2041	1.91%
7	—	King, Washington (county 2.65% 01/01/2065	1.91%
8	—	Louisville & Jefferson 2.70% 10/01/2056	1.82%
9	—	Philadelphia Pennsylvania 5.00% 06/30/2027	1.47%
10	—	Chicago, Illinois (city O 5.00% 01/01/2034	1.46%

See all 224 holdings ↓

Goldman Sachs GUMI · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 33.0%

All GUMI Holdings

224 holdings · as of Nov 9, 2026

GUMI

GUMI’s Holdings

Today

#
1	—Connecticut Health AND ED 2.65% 07/01/2042	2.87%	$287.10	3.0M	$3.0M
2	—City OF Seattle, City LIG 2.65% 08/01/2056	2.39%	$239.25	2.5M	$2.5M
3	—Montgomery, Maryland (cou 2.60% 11/01/2037	2.39%	$239.25	2.5M	$2.5M
4	—NEW York City Transitiona 2.65% 08/01/2045	1.91%	$191.40	2.0M	$2.0M
5	—Gulf Coast Industrial DEV 2.65% 11/01/2041	1.91%	$191.40	2.0M	$2.0M
6	—King, Washington (county 2.65% 01/01/2065	1.91%	$191.40	2.0M	$2.0M
7	—Louisville & Jefferson 2.70% 10/01/2056	1.82%	$181.83	1.9M	$1.9M
8	—Mississippi Business Fina 2.50% 12/01/2030	1.77%	$177.04	1.9M	$1.9M
9	—Philadelphia Pennsylvania 5.00% 06/30/2027	1.47%	$146.88	1.5M	$1.5M
10	—Chicago, Illinois (city O 5.00% 01/01/2034	1.46%	$146.43	1.5M	$1.5M
11	—Northern Illinois Municip 4.00% 12/01/2033	1.46%	$146.10	1.5M	$1.5M
12	—Public Energy Authority O 4.00% 02/01/2050	1.46%	$145.66	1.5M	$1.5M
13	—Tarrant County Cultural E 2.29% 11/15/2047	1.24%	$124.41	1.3M	$1.3M
14	—NEW Jersey Transportation 5.00% 06/15/2028	1.24%	$124.39	1.3M	$1.3M
15	—Bonneville Joint School D 5.00% 09/15/2028	1.23%	$122.66	1.2M	$1.3M

Goldman Sachs GUMI · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

GUMI

Goldman Sachs Ultra Short Municipal Income ETF’s Peers

YTD


JPST	J.P. MorganRead Desk	0.18%	+2.9%	+3.6%	$42.4B
PULS	PGIMRead Desk	0.15%	+3.4%	+4.1%	$19.8B
MINT	PIMCORead Desk	0.36%	+3.5%	+4.3%	$18.3B
VUSB	VanguardRead Desk	0.10%	+3.0%	+3.7%	$9.9B
ICSH	iSharesRead Desk	0.08%	+3.0%	+3.7%	$8.9B
GUMI	Goldman SachsThis fundRead Desk	0.16%	+2.4%	+3.1%	$105M

Ultra-short peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put GUMI head to head with JPST →

JPST vs GUMI

YTD

JPSTJ.P. Morgan · Ultra-shortGUMIGoldman Sachs · Ultra-short

Year to date

+2.9%

+2.4%

JPST wins+0.5 pts

Past year

+3.6%

+3.1%

JPST wins+0.5 pts

Fee

0.18%

0.16%

GUMI winslower fee

Yield

4.1%

2.6%

JPST wins+1.6 pts

AUM

$42.4B

$105M

JPST405.7× more

3–1JPST wins

J.P. Morgan JPST and Goldman Sachs GUMI · year-to-date · as of Nov 10, 2026 · AUM not scored

GUMI vs VOO

YTD

GUMI · Goldman Sachs Ultra Short Municipal Income

+2.4%

VOO · S&P 500

+11.3%

Gap

8.9 pts

Goldman Sachs GUMI and Vanguard VOO · YTD total return · as of Nov 10, 2026

GUMI vs Its Peer Average

YTD

GUMIAvsBPeer average

1D+0.1%0.0%

1M+0.7%+0.5%

3M+0.8%+0.7%

YTD+2.4%+2.9%

1Y+3.1%+3.6%

3Y[…]+15.4%

5Y[…]+18.5%

3–2GUMI wins

55 Ultra-short peers · each row scaled to its leader

How Bumpy Is GUMI?

View

GUMI

How Bumpy

0.1×the S&P 500’s swings

CalmerBumpierS&P 1×GUMI

Bumpiest of 7 ultra-short fundsGUMI

Other ultra-short funds0.0× to 0.1×

Goldman Sachs GUMI · daily swings over the past year vs the S&P 500

GUMI

Worst Drop

−0.4%from its Sep 4 high

Still below the high−0.1%

$10,000 at the high is now$9,990

Goldman Sachs GUMI · fall from the highest close, past year

GUMI

On a Bad Day

−0.0×rose, on average, when the S&P 500 fell

GUMI’s worst day: Wednesday, Jul 22

GUMI

−0.2%

S&P 500

−0.1%

Up days52 of every 100

S&P 500 up days52 of every 100

Goldman Sachs GUMI · average move on days the S&P 500 fell

GUMI

Return for the Bumps

1Y#6 of 7 ultra-short funds

#1MINTPIMCO

most for the bumps

#2PULSPGIM

#3VUSBVanguard

less than cash

#4ICSHiShares

less than cash

#5JPSTJ.P. Morgan

less than cash

#6GUMIGoldman Sachs

less than cash

#7JMSTJ.P. Morgan

less than cash

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

GUMI

Cost

Today

$16a year per $10,000

ICSH

VUSB

$10

PULS

$15

GUMI

$16

JPST

$18

JMST

$18

MINT

$36

Expense ratio 0.16%, taken from the fund’s value

GUMI

Volatility & Beta

0.9%annual volatility

S&P 500 volatility13.7%

Downside volatility0.5%

Beta vs SPY0.01

Correlation vs SPY0.10

Beta rank, lowest first, of 7#3

Daily total returns × √252 · past 254 trading days

GUMI

Max Drawdown

−0.4%peak to trough

Peak closeSep 4, 2026

Current drawdown−0.1%

Worst day−0.16% · Jul 22

Closing prices, dividends in

GUMI

Up / Down Capture

−1%down capture vs SPY

Down days

−1%

Up days

S&P 500

100%

Up ÷ down capture[…]

Up days52.4% (S&P 52.4%)

Average daily move on SPY up days and down days

GUMI

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
MINT	1.56	3.85	0.3%	−0.1%	0.00	$36
PULS	0.90	2.19	0.4%	−0.1%	0.01	$15
VUSB	−0.07	−0.12	0.7%	−0.4%	0.02	$10
ICSH	−0.17	−0.34	0.4%	−0.1%	0.01	$8
JPST	−0.35	−0.68	0.5%	−0.2%	0.01	$18
GUMI	−0.78	−1.35	0.9%	−0.4%	0.01	$16
JMST	−1.70	−2.84	0.7%	−0.6%	0.01	$18

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

GUMI

Trading

Today

+0.04%above its holdings’ value

Close$50.40

NAV$50.38

Fee per $10,000$16 a year

Avg. volume 30D53K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

GUMI

Fund Facts

Today

2024launched Jul 23

Tracks[…]

Exchange · CUSIPAMEX · 38149W572

StructureETF

Leverage1x

Cost on $10,000$16 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Goldman Sachs GUMI · fund facts · as of Nov 10, 2026

GUMI

Payouts by Year

$0.0915per share, Nov 2026

Distribution yield2.6%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 6, 2026

12 payouts added up$1.30 a share

Goldman Sachs GUMI · distributions by ex-date · 2024–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$50.38

Premium / discount[…]

Median spread · 30D[…]

Volume today39K

Average volume · 30D53K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.16%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$16.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 6, 2026	$0.0915
Oct 1, 2026	Oct 7, 2026	$0.11
Sep 1, 2026	Sep 8, 2026	$0.11
Aug 3, 2026	Aug 7, 2026	$0.0935
Jul 1, 2026	Jul 8, 2026	$0.12
Jun 1, 2026	Jun 5, 2026	$0.11
May 1, 2026	May 7, 2026	$0.12
Apr 1, 2026	Apr 8, 2026	$0.0980
Mar 2, 2026	Mar 6, 2026	$0.11
Feb 2, 2026	Feb 6, 2026	$0.10
Dec 31, 2025	Jan 7, 2026	$0.12
Dec 1, 2025	Dec 5, 2025	$0.10

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