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About Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF
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Inception date
Jul 30, 2024
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US38149W1273
GPRF aims to provide broad exposure to the US preferred and hybrid securities market. Such securities share investment characteristics of both stocks and bonds. Preferred securities have priority claims over common stock but are subordinate to all other forms of corporate debt. While the underlying index aims to provide broad exposure, the preferred and hybrid securities market is heavily concentrated by financial firms. The index tends to focus on the higher credit quality issuers, but securities may be rated below investment grade. Typically, preferred stock is perpetual in nature, meaning no maturity date, and pay fixed or variable coupons that are eligible for qualified dividend income (QDI). Hybrid securities pay coupons as interest. As a result, distributions from GPRF will be taxed proportionally.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.34%
Structured0.41%
Mutual fund0.25%
Stock breakdown by region
North America96.28%
Europe3.72%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GPRF top holdings are Wells Fargo & Company Depositary Shs Repr 1/25th Non-Cum Perp Pfd Shs Series -EE- and JPMorgan Chase & Co. 6.5% PERP, occupying 0.97% and 0.93% of the portfolio correspondingly.
GPRF last dividends amounted to 0.21 USD. The month before, the issuer paid 0.21 USD in dividends, which shows a 1.31% decrease.
GPRF assets under management is 121.12 M USD. It's risen 7.82% over the last month.
GPRF fund flows account for 24.69 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, GPRF pays dividends to its holders with the dividend yield of 5.31%. The last dividend (Oct 7, 2025) amounted to 0.27 USD. The dividends are paid monthly.
GPRF shares are issued by The Goldman Sachs Group, Inc. under the brand Goldman Sachs. The ETF was launched on Jul 30, 2024, and its management style is Passive.
GPRF expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
GPRF follows the FTSE Goldman Sachs US Preferred Stock and Hybrids Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GPRF invests in bonds.
GPRF price has risen by 0.85% over the last month, and its yearly performance shows a −1.66% decrease. See more dynamics on GPRF price chart.
NAV returns, another gauge of an ETF dynamics, showed a 3.61% increase in three-month performance and has increased by 5.85% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 3.61% increase in three-month performance and has increased by 5.85% in a year.
GPRF trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.