We have qualitatively reviewed this strategy and reaffirmed its Average Process and People ratings. Goldman Sachs Access Investment Grade Corporate Bond ETF GIGB excludes a portion of its opportunity set to limit credit risk, but it’s unclear the trade-off is advantageous. The following text is from June 14, 2023.
Goldman Sachs Acss Invmt Grd Corp Bd ETF GIGB
Morningstar’s Analysis GIGB
Will GIGB outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 3.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Goldman Sachs FS Government Instl | 0.55 | 4.7 Mil | Cash and Equivalents |
UBS Group AG 4.194% | 0.43 | 3.7 Mil | Corporate |
Morgan Stanley 2.943% | 0.40 | 3.4 Mil | Corporate |
Morgan Stanley 2.802% | 0.39 | 3.3 Mil | Corporate |
United Air Lines, Inc. 5.45% | 0.37 | 3.1 Mil | Securitized |
Ares Capital Corp. 3.875% | 0.35 | 3.0 Mil | Corporate |
Sumitomo Mitsui Financial Group Inc. 5.808% | 0.32 | 2.8 Mil | Corporate |
JPMorgan Chase & Co. 5.294% | 0.32 | 2.7 Mil | Corporate |
Morgan Stanley 6.627% | 0.30 | 2.6 Mil | Corporate |
JPMorgan Chase & Co. 4.452% | 0.29 | 2.5 Mil | Corporate |