Key stats
About Goldman Sachs Access Inflation Protected USD Bond ETF
Expense ratio
0.12%
Home page
Inception date
Oct 2, 2018
ISIN
US3814303620
GTIP seeks to take advantage of persistent liquidity effects in the TIPS market. Typically, the most actively traded TIPS are the most recently issued (on-the-run) securities in each term series. In contrast, all other (off-the-run) TIPS tend to trade at a small discount due to their lower liquidity. In addition, many rules-based strategies are required to buy the on-the-run issues, potentially driving up their price. Therefore, GTIP aims to outperform by simply excluding the on-the-run issues from its portfolio, which otherwise includes all TIPS with at least one year left to maturity. The fund is designed to replace a broad-market TIPS fund in an investors portfolioits weighted so that portfolio duration is equal to that of the complete TIPS market, although fund documents do not state exactly how this works.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.68%
Mutual fund0.32%