Goldman Sachs Files Active ETF Focused on Securitized Credit

The Goldman Sachs Securitized Income ETF will invest primarily in securitized fixed income markets, including asset-backed securities (ABS), commercial and residential mortgage-backed securities (CMBS and RMBS), collateralized loan obligations (CLOs), and collateralized mortgage obligations (CMOs). The actively-managed fund will invest at least 80% of assets in securitized securities, primarily U.S. dollar-denominated, and may use derivatives, TBAs, swaps, and short positions to manage duration, hedge risk, and enhance exposure. The strategy may hold both investment-grade and high-yield securities, with at least 25% of assets typically allocated to non-agency mortgage-backed and other asset-backed securities.