GCAL — Goldman Sachs Dynamic California Municipal Income ETF
Data updated: 2026-07-24
GCAL — Goldman Sachs Dynamic California Municipal Income ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $171.98M AUM · 0.30% expense ratio · 6.8% 1-yr return. From SEC regulatory filings.
GCAL Fund Overview
GCAL — Goldman Sachs Dynamic California Municipal Income ETF is a US ETF managed by Goldman Sachs ETF Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Goldman Sachs ETF Trust
- Category: Long Municipal - National Bond
- Assets under management: $171.98M
- 1-year return: 6.8%
- Ticker: GCAL
- SEC CIK: 0001479026
- SEC series ID: S000085812
- Share class ID: C000251207
GCAL Holdings
Top 10 holdings of Goldman Sachs Dynamic California Municipal Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Goldman Sachs Trust | 3.26% |
| Los Angeles County Public Works Financing Authority (ca) | 1.52% |
| California Municipal Finance Authority (ca) | 1.16% |
| Guam Govt Wtrwks Auth | 1.01% |
| California Infrastructure & Economic Dev Bk | 0.99% |
| Burbank Glendale Pasadena Arpt | 0.94% |
| Matching Fund Special Purpose Securitization Corp. | 0.91% |
| Puerto Rico Sales Tax Financing Corp. | 0.89% |
| California Pollution Control Financing Authority (ca) | 0.87% |
| Puerto Rico Sales Tax Financing Corp. | 0.86% |
GCAL Portfolio Allocation
Asset-class allocation of Goldman Sachs Dynamic California Municipal Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.3% |
| Cash & Equivalents | 3.3% |
GCAL Performance
Total returns for GCAL (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.5% |
| 1 year | 6.8% |
GCAL Risk Information
Risk metrics for GCAL, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.1%
GCAL Costs and Fees
GCAL costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.35%
- Portfolio turnover: 134%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
GCAL Cashflows
Over the 12 months to 2026-02, Goldman Sachs Dynamic California Municipal Income ETF had net inflows of $141.84M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $3.85M |
| 2026-01 | $12.78M |
| 2025-12 | $6.37M |
| 2025-11 | $8.92M |
| 2025-10 | $3.81M |
| 2025-09 | $7.57M |
GCAL Debt Constituents
Largest debt holdings of Goldman Sachs Dynamic California Municipal Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Los Angeles County Public Works Financing Authority (ca) | 1.52% |
| California Municipal Finance Authority (ca) | 1.16% |
| Guam Govt Wtrwks Auth | 1.01% |
| California Infrastructure & Economic Dev Bk | 0.99% |
| Burbank Glendale Pasadena Arpt | 0.94% |
| Matching Fund Special Purpose Securitization Corp. | 0.91% |
| Puerto Rico Sales Tax Financing Corp. | 0.89% |
| California Pollution Control Financing Authority (ca) | 0.87% |
| Puerto Rico Sales Tax Financing Corp. | 0.86% |
| California Municipal Finance Authority (ca) | 0.86% |
GCAL Prospectus and SEC Filings
Official Goldman Sachs Dynamic California Municipal Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.