Goldman Sachs Asset Management, begun trading a new ETF, the Goldman Sachs TreasuryAccess 0-1 Year ETF (Nyse Arca: GBIL) on Friday, September 09, 2016. Here is a synopsis of the new ETF:

FUND INFORMATION:

Symbol: GBIL	Exchange: NYSE ARCA
Name: Goldman Sachs TreasuryAccess 0-1 Year ETF	Net Expense Ratio: 0.14%

 

FUND OBJECTIVE:
The Goldman Sachs TreasuryAccess 0-1 Year ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Citi US Treasury 0-1 Year Composite Select Index.

REFERENCE INDEX:
The Citi US Treasury 0-1 Year Composite Select Index is designed to measure the performance of U.S. Treasury Obligations with a maximum remaining maturity of 12 months.
“U.S. Treasury Obligations” refer to securities issued or guaranteed by the U.S. Treasury where the payment of principal and interest is backed by the full faith and credit of the U.S. government. U.S. Treasury Obligations include U.S. Treasury notes, U.S. Treasury bills and U.S. Treasury floating rate bonds.
As of August 1, 2016, there were 75 issues in the Index and the Index had a weighted average maturity of 0.41 years. The Index includes all publicly-issued U.S. Treasury Obligations that have a minimum remaining maturity of 1 month and a maximum remaining maturity of 12 months at the time of rebalance and that have a minimum issue size of $5 billion. In addition, the securities in the Index must be non-convertible and denominated in U.S. dollars. The Index excludes certain special issues, such as targeted investor notes, state and local government series bonds and coupon issues that have been stripped from bonds. 10-year and 30-year U.S. Treasury bonds are not eligible for inclusion in the Index. The Index is rebalanced monthly on the last day of the month.

 

 

Fund Top Holdings (09/08/16):

US GOVT 0.625% 15 OCT 2016	20.0%
US GOVT 0.5% 30 NOV 2016	15.5%
US GOVT 0.75% 15 JAN 2017	11.9%
US GOVT 0.875% 28 FEB 2017	10.4%
USTRB 0.625 12/15/2016	10.3%
US GOVT 0.875% 30 APR 2017	6.9%
US GOVT 0.875% 15 JUL 2017	6.7%
US GOVT 0.75% 15 MAR 2017	6.1%
US GOVT 0.875% 15 MAY 2017	5.2%
US GOVT 0.875% 15 JUN 2017	5.1%

 

 

Useful Links:
GBIL Home Page

 

 

Category: Bonds> US Bonds> US Treasury

 

 

ETFtrack comment:
Here is a comment from Michael Crinieri, GSAM’s Global Head of ETF Strategies:
“The bond trading environment has become more complicated. We wanted our first fixed-income ETF to provide investors a low cost way to obtain the credit quality and income they look for in the Treasury markets, but with greater transparency and ease of use.”