GBIL | Goldman Sachs Access Treasury 0-1 Year ETF

GBIL ISSUER

The Goldman Sachs Complex, issuer of the GBIL, maintains a focused investment strategy aimed at tracking its underlying index, which consists primarily of U.S. Treasury Securities with a maximum remaining maturity of 12 months. This strategy aligns with the fund's objective of achieving its investment goals. As of November 30, 2023, the index included 86 issues with a weighted average maturity of 0.35 years. The index, sponsored by FTSE Fixed Income LLC, operates on a market capitalization-weighted basis and undergoes monthly rebalancing. In managing the fund, the Investment Adviser employs a representative sampling strategy, selecting securities that collectively mirror the index's investment profile. This approach allows the fund to maintain similar investment characteristics, fundamental attributes, and liquidity measures as the index, though it may not hold all index securities. Notably, the fund does not adhere to traditional active management methods, instead focusing on passive tracking of the index. It is important to note that the GBIL is not classified as a money market fund and does not strive to maintain a stable net asset value.

GBIL DIVIDEND

The GBIL Dividend represents an income distribution paid out by the Goldman Sachs, specifically tied to the performance of the GBIL fund. Investors who hold shares in GBIL may receive periodic dividends based on the fund's investment activities and the yields generated by its underlying assets, primarily U.S. Treasury Securities with short remaining maturities. The dividend payouts are reflective of the interest income earned by the fund's holdings, in accordance with its investment strategy aimed at tracking a designated index of U.S. Treasury Securities. As GBIL does not attempt to maintain a stable net asset value and is not structured as a money market fund, dividend amounts may fluctuate based on prevailing market conditions and the performance of the underlying securities. Investors should consult the fund's prospectus and relevant financial statements for more information on dividend policies and historical payouts.

GBIL TRACKING

GBIL Tracking denotes the ability of the Goldman Sachs Complex's GBIL fund to closely mirror the performance of its designated index, which primarily consists of U.S. Treasury Securities with short remaining maturities. The fund employs a passive investment strategy aimed at replicating the investment profile of the index, rather than actively managing its holdings based on economic or market factors. Through a representative sampling approach, the fund selects a subset of securities that collectively emulate the characteristics and composition of the index, striving to achieve similar investment returns. GBIL's tracking performance is monitored against its benchmark index, with deviations typically minimized through regular rebalancing and adjustments. Investors seeking exposure to short-term U.S. Treasury Securities may consider GBIL for its potential to effectively track the performance of its underlying index over time.

GBIL CORRELATION

GBIL Correlation refers to the degree to which the performance of the Goldman Sachs Complex's GBIL fund aligns with movements in its designated index, composed mainly of short-term U.S. Treasury Securities. Investors analyze the correlation between GBIL's returns and those of its benchmark index to gauge the fund's effectiveness in tracking its underlying assets. A high correlation indicates that GBIL closely follows the performance of its index, reflecting its ability to replicate the investment profile of the designated securities. Conversely, a lower correlation suggests that GBIL's returns may deviate more significantly from those of its benchmark, potentially due to factors such as tracking error or differences in the fund's holdings. Understanding the correlation between GBIL and its index aids investors in assessing the fund's performance consistency and its suitability within their investment strategies.

GBIL SECTOR

GBIL Sector refers to the specific segment of the financial market in which the Goldman Sachs Complex's GBIL fund operates. As a fund primarily invested in short-term U.S. Treasury Securities, GBIL belongs to the fixed-income sector, specifically focusing on government bonds issued or guaranteed by the U.S. Treasury. These securities form the core of GBIL's portfolio, with a maximum remaining maturity of 12 months, reflecting the fund's commitment to providing investors with exposure to short-duration assets. While GBIL does not concentrate on individual sectors within the broader fixed-income market, its holdings predominantly comprise U.S. Treasury Securities, distinguishing it within the government bond segment. Investors seeking stability and income from government-backed securities, particularly those with short maturities, may consider GBIL as a potential component of their investment portfolios within the fixed-income sector.

GBIL EXPOSURE

GBIL Exposure signifies the level of investment in specific financial instruments or asset classes within the Goldman Sachs Fund Complex's GBIL fund. With its primary focus on short-term U.S. Treasury Securities, GBIL offers investors exposure to the U.S. government bond market with maturities of up to 12 months. By investing in these securities, GBIL provides exposure to the credit quality and interest rate movements of U.S. Treasuries, which are generally considered low-risk assets due to their backing by the full faith and credit of the U.S. government. GBIL's exposure to short-duration securities aims to mitigate interest rate risk, making it an attractive option for investors seeking stable returns and capital preservation in a low-duration fixed-income portfolio. Additionally, GBIL's exposure to U.S. Treasury Securities aligns with investors' preferences for safe-haven assets and diversification within their overall investment strategies.