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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
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Goldman Sachs Asset Management LP
Distributor
Alps Distributors, Inc.
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%
Corporate98.44%
Mutual fund1.07%
Structured0.49%
Top 10 holdings
Dividends
Dividend payout history