ETF Evaluator:
Goldman Sachs Acs US Pref Stk &HySecETF ()
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(as of Aug 26)
Best Performing in Preferred Stock Over the Last Year
| 9.0% | Global X SuperIncome™ Preferred ETF (SPFF) |
| 7.3% | VanEck Pref Secs ex Fincls ETF (PFXF) |
| 6.5% | Cohen & Steers Pref & Inc Opps Act ETF (CSPF) |
| 6.1% | First Trust Instl Pref Secs and Inc ETF (FPEI) |
| 5.9% | Virtus InfraCap US Preferred Stock ETF (PFFA) |
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ETF Details
Goldman Sachs Acs US Pref Stk &HySecETF Overview
Goldman Sachs Acs US Pref Stk &HySecETF (GPRF) is a passively managed Taxable Bond Preferred Stock exchange-traded fund (ETF). Goldman Sachs launched the ETF in 2024.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs US Preferred Stock and Hybrids Index.
The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index measures the performance of preferred stock and other hybrid instruments issued in the U.S. and denominated in USD.
About Goldman Sachs Acs US Pref Stk &HySecETF (GPRF)
There are 3 members of the management team with an average tenure of 2.00 years: David Westbrook (2024), Todd Henry (2024) and Gary Kessler (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: FTSE GS US Pref Stock Hybrids TR USD index with a weighting of 100%. Goldman Sachs Acs US Pref Stk &HySecETF has 515 securities in its portfolio. The top 10 holdings constitute 7.9% 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 Acs US Pref Stk &HySecETF is part of the Hybrid Securities global asset class and is within the Taxable Bond ETF group. Goldman Sachs Acs US Pref Stk &HySecETF has 10.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 56.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 40.4% (29.6% domestic bond, 10.8% foreign bond and 2.4% convertible bond). Goldman Sachs Acs US Pref Stk &HySecETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $131 million in total assets, which is below the $1 billion average for the Preferred Stock 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.
GPRF 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 Acs US Pref Stk &HySecETF expense ratio is average compared to funds in the Preferred Stock category. Goldman Sachs Acs US Pref Stk &HySecETF has an expense ratio of 0.45%, which is 23% lower than its category average, making the fund expense ratio grade a A. 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 Acs US Pref Stk &HySecETF has a portfolio turnover rate of 25%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Preferred Stock category.
Recently, in the month of July 2026, Goldman Sachs Acs US Pref Stk &HySecETF returned -0.3%, which earned it a grade of C, as the Preferred Stock category had an average return of -0.0%. 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 Acs US Pref Stk &HySecETF has a trailing yield of 5.65%, which is below the 6.18% category average.
The fund normally distributes its income monthly and its capital gains annually.
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 Acs US Pref Stk &HySecETF Grades
Year to date, the ETF has returned 1.1%, 0.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.7% over the past year (grade of D).
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GPRF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GPRF Return (NAV) | -0.3% | -0.0% | 3.7% | na | na | na |
| GPRF Return (Price) | -0.4% | -0.3% | 3.7% | na | na | na |
| NAV +/- Price Return | 0.191% | 0.211% | 0.004% | na | na | na |
| Preferred Stock Avg | -0.0% | -0.3% | 4.3% | 6.9% | 1.5% | 3.0% |
| GPRF Grade (NAV) | C | C | D | na | na | na |
| +/- Category (NAV) | -0.2% | 0.2% | -0.6% | na | na | na |
| GPRF Tax-Cost Ratio | na | na | 2.2% | na | na | na |
GPRF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GPRF Return (NAV) | 1.1% | 6.0% | na | na | na | na | na | na | na | na | na |
| GPRF Return (Price) | 0.9% | 6.1% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.172% | 0.022% | na | na | na | na | na | na | na | na | na |
| Preferred Stock Avg | 1.3% | 6.2% | 9.3% | 9.7% | -16.0% | 5.8% | 5.6% | 18.4% | -4.7% | 9.0% | 3.2% |
| GPRF Grade (NAV) | D | D | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.1% | -0.2% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 5.7% |
| Total Assets: | $ 132 Mil |
| Share Class Assets: | $ 132 Mil |
| Turnover: | 25.0% |
| Expense Ratio: | 0.45% |
| Index Fund: | Yes |
| Index Tracked: | FTSE GS US Pref Stock Hybrids TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.0 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Westbrook David (2024), Henry Todd (2024), Kessler Gary (2024) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 515 |
| % in Top 10 Holdings: | 7.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 56.7% |
| Domestic Bond: | 29.6% |
| Foreign Bond: | 10.8% |
| Convertible Bond: | 2.4% |
| Other: | 0.3% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-621-2550 |
| Website: | am.gs.com |
| Inception Date: | July 30, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.58% |
