ETF Evaluator:
Goldman Sachs Income ETF (GINC)
Follow This ETF
(as of Sep 18)
Best Performing in Multisector Bond Over the Last Year
| 6.5% | Bluemonte Diversified Income ETF (BLUI) |
| 6.4% | Eaton Vance Income Opportunities ETF (XAGG) |
| 5.4% | Rareview Dynamic Fixed Income ETF (RDFI) |
| 5.3% | Neuberger Flexible Credit Income ETF (NBFC) |
| 5.3% | FolioBeyond Enhanced Fixed Inc Prm ETF (FIXP) |
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ETF Details
Goldman Sachs Income ETF Overview
Goldman Sachs Income ETF (GINC) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). Goldman Sachs launched the ETF in 2019.
The investment seeks a high level of current income, and secondarily, capital appreciation.
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (“Net Assets”) in fixed income securities. A fixed income security is a debt instrument issued by a company, government or other entity to borrow money.
About Goldman Sachs Income ETF (GINC)
There are 6 members of the management team with an average tenure of 1.62 years: Ben Johnson (2026), John McClain (2026), David Westbrook (2026), Aakash Thombre (2020), Todd Henry (2026) and Lindsay Rosner (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Goldman Sachs Income ETF has 483 securities in its portfolio. The top 10 holdings constitute 38.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Goldman Sachs Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Goldman Sachs Income ETF has 17.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.2% There is 0.1% allocated to foreign stock, and 4.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.7% (77.3% domestic bond, 17.4% foreign bond and 0.0% convertible bond). Goldman Sachs Income ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $152 million in total assets, which is below the $1 billion average for the Multisector Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GINC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Income ETF expense ratio is average compared to funds in the Multisector Bond category. Goldman Sachs Income ETF has an expense ratio of 0.40%, which is 38% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Income ETF has a portfolio turnover rate of 427%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of August 2026, Goldman Sachs Income ETF returned 0.7%, which earned it a grade of A, as the Multisector Bond category had an average return of 0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Goldman Sachs Income ETF has a trailing yield of 5.56%, which is below the 5.57% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Goldman Sachs Income ETF Grades
Year to date, the ETF has returned 1.0%, 0.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.9% over the past year (grade of D), 7.3% over the past three years (grade of B) and 2.9% per year over the past five years (grade of B).
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GINC Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GINC Return (NAV) | 0.7% | 0.2% | 2.9% | 7.3% | 2.9% | na |
| GINC Return (Price) | 0.7% | 0.2% | 2.9% | 7.3% | 2.9% | na |
| NAV +/- Price Return | -0.030% | -0.030% | -0.031% | -0.011% | -0.006% | na |
| Multisector Bond Avg | 0.6% | 0.3% | 3.8% | 6.5% | 1.9% | 3.1% |
| GINC Grade (NAV) | A | C | D | B | B | na |
| +/- Category (NAV) | 0.1% | -0.1% | -0.9% | 0.8% | 1.0% | na |
| GINC Tax-Cost Ratio | na | na | 2.2% | 2.2% | 2.4% | na |
GINC Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GINC Return (NAV) | 1.0% | 8.8% | 6.7% | 11.7% | -11.7% | 1.4% | 9.3% | na | na | na | na |
| GINC Return (Price) | 1.0% | 8.8% | 6.7% | 11.7% | -11.7% | 1.4% | 9.3% | na | na | na | na |
| NAV +/- Price Ret | 0.031% | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% | na | na | na | na |
| Multisector Bond Avg | 1.8% | 7.7% | 5.5% | 8.4% | -10.9% | 2.9% | 5.2% | 10.6% | -1.8% | 5.9% | 7.4% |
| GINC Grade (NAV) | D | B | B | A | D | D | A | na | na | na | na |
| +/- Category | -0.8% | 1.1% | 1.2% | 3.3% | -0.8% | -1.5% | 4.2% | na | na | na | na |
| Risk Measures | |
| Beta: | 0.68 |
| R-Squared: | 83% |
| Standard Deviation: | 4.2% |
| Category Risk Index: | 0.89 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.34 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.6% |
| Total Assets: | $ 152 Mil |
| Share Class Assets: | $ 152 Mil |
| Turnover: | 427.0% |
| Expense Ratio: | 0.40% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 6.1 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Thombre Aakash (2020), Rosner Lindsay (2024), Johnson Ben (2026), McClain John (2026), Westbrook David (2026), Henry Todd (2026) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 483 |
| % in Top 10 Holdings: | 38.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 17.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.2% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 4.1% |
| Domestic Bond: | 77.3% |
| Foreign Bond: | 17.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-526-7384 |
| Website: | am.gs.com |
| Inception Date: | December 3, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.65% |
