ETF.​com published "Goldman Launches Ultra Short Bond ETF," which says, "Goldman Sachs has added an ultra-​short-​term bond fund to its ETF lineup. The Goldman Sachs Access Ultra Short Bond ETF (​GSST) aims to offer investors current income and preservation of capital, according to its prospectus. The fund comes with an expense ratio of 0.​16%.... GSST'​s portfolio mainly includes a wide variety of mostly investment-​grade U.​S. dollar-​denominated debt in its portfolio. The portfolio targets an effective duration of one year or less. It is also expected to have significant concentrations of more than 25% in debt issued by financial services companies, the prospectus says." They explain, "The fund is very similar to the JPMorgan Ultra-​Short Income ETF (​JPST), which is also actively managed and takes a broad focus. JPST launched in May 2017 and currently has $​6.​6 billion in assets under management (​AUM). Goldman already has an ultra-​short-​term bond ETF in its lineup, but the Goldman Sachs Access Treasury 0-​1 Year ETF (​GBIL) tracks an index and focuses on Treasury debt. It currently has $​3.​1 billion in AUM after launching in September 2016."

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