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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