Goldman Sachs to liquidate two bond ETFs, trading ends June 3

Goldman Sachs Asset Management is winding down two bond ETFs, a small but telling move that shows how aggressively the firm is pruning products that no longer fit its shelf economics or client demand. The Goldman Sachs Access Municipal Bond ETF and the Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF will stop accepting creation orders after market close on June 3, will no longer trade on NYSE Arca after that close, and are expected to liquidate around June 10, with remaining shareholders paid cash equal to net asset value.

Goldman said the board approved the plans on April 23 and concluded that liquidation was advisable and in the best interest of each fund and its shareholders. Investors can still sell shares on NYSE Arca until June 3, though broker-dealer transaction fees may apply, and the firm said shareholders will generally recognize a capital gain or loss based on the cash they receive over adjusted basis. For holders, the process is straightforward: the ETF position becomes cash, but the tax bill or tax benefit still depends on each account’s cost basis.

The two funds were never major businesses by Goldman standards. GMUN, launched on March 7, 2023, had about $10.09 million in assets and 276 holdings as of April 27, with a net asset value of $50.47. GSIG, launched on July 7, 2020, targeted the FTSE Goldman Sachs U.S. Investment-Grade Corporate Bond 1-5 Years Index. Both funds carried an annual management fee of 0.08% in the December 29, 2025 summary prospectuses, while GMUN sought to track the Bloomberg Municipal 1-17 Year ex AMT Index and showed portfolio turnover of 27% for the fiscal year ended Aug. 31, 2025. GSIG posted 37% portfolio turnover for the same period.

For Goldman employees in asset management, ETF product, operations, distribution and client service, the shutdown is less about a marquee exit than about the work that follows a product being retired. Goldman reported about $3.7 trillion in assets under supervision as of March 31, 2026, so the liquidation is a margin decision inside a huge platform. Still, the notice will create real work for teams handling communications, transfer agency, trading cutoffs and client inquiries, especially in municipal and short-duration credit.

The broader signal is that Goldman’s product lineup is actively managed, not static. The firm still describes fixed income as a core investing business, but this decision shows it is willing to abandon products that no longer warrant continued support, even if that means cleaning up a tiny corner of the shelf rather than making a dramatic strategic retreat.