GCAL Performance — Goldman Sachs Dynamic California Municipal Income ETF
Data updated: 2026-07-24
GCAL returned +1.50% year to date and +6.84% over one year to May 2026. Over one year the fund beat its Intermediate Municipal Bond category average: $100 grew to $107, against $106 for the category. Volatility over the past 12 months was 3.10% a year. In the 12 months to May 2026 the fund took in a net $153.4M, and assets reached $171.98M.
GCAL Growth of $100
What $100 invested in Goldman Sachs Dynamic California Municipal Income ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | GCAL | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $106 |
| Since data start (Jul 2024 – May 2026) | $108 | $107 |
GCAL Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.50% |
| 1 year | +6.84% |
GCAL Annual Returns
Calendar-year total returns of Goldman Sachs Dynamic California Municipal Income ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.50% |
| 2025 | +4.40% |
| 2024 (Jul–Dec) | +1.81% |
GCAL Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.1% | −1.8% | +0.9% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.3% | +1.1% | −1.4% | −0.9% | +0.1% | +0.8% | 0.0% | +0.8% | +1.9% | +1.0% | +0.4% | +0.2% |
| 2024 | — | — | — | — | — | — | +0.3% | +1.0% | +1.1% | −1.1% | +1.3% | −0.7% |
GCAL Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 3.10%
- Best month: +1.89% (Sep 2025)
- Worst month: −1.84% (Mar 2026)
GCAL Fund Flows
Monthly money in and out of Goldman Sachs Dynamic California Municipal Income ETF, from SEC Form N-PORT.
- 12-month net flow: $153.4M
- 12-month gross sales (incl. reinvestments): $153.4M
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $6.3M | $0 | $6.3M |
| Apr 2026 | $8.9M | $0 | $8.9M |
| Mar 2026 | $1.3M | $0 | $1.3M |
| Feb 2026 | $3.9M | $0 | $3.9M |
| Jan 2026 | $12.8M | $0 | $12.8M |
| Dec 2025 | $6.4M | $0 | $6.4M |
| Nov 2025 | $8.9M | $0 | $8.9M |
| Oct 2025 | $3.8M | $0 | $3.8M |
| Sep 2025 | $7.6M | $0 | $7.6M |
| Aug 2025 | $6.2M | $0 | $6.2M |
| Jul 2025 | $84.9M | $0 | $84.9M |
| Jun 2025 | $2.5M | $0 | $2.5M |
GCAL Assets Under Management
Net assets of Goldman Sachs Dynamic California Municipal Income ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $171.98M |
| 2026-02-28 | $157.52M |
| 2025-11-30 | $132.59M |
| 2025-08-31 | $109.56M |
| 2025-05-31 | $14.79M |
| 2025-02-28 | $10.15M |
| 2024-11-30 | $6.35M |
| 2024-08-31 | $5.07M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.