GCAL ETF Holdings: Goldman Sachs Dynamic California Municipal Income ETF

Every listed position with its portfolio weight, plus sector breakdown and geographic exposure for this Fixed Income ETF. Analyze fund diversification and concentration.

Total Holdings

375

As of Oct 4, 2026

Top 10 Holdings

17.3%

Share of fund assets

Assets (AUM)

$185.28M

Total fund assets

Expense Ratio

0.30%

Annual management fee

Portfolio Allocations

Distribution breakdown by sector, asset type, and geographic region. Understand the fund's diversification strategy across markets and asset classes.

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Top 26 of 375 GCAL Holdings by Portfolio Weight

Holdings as of Oct 4, 2026. Ticker, name, asset type and portfolio weight for each position. Fund disclosures available to us list the largest 26 positions.

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GCAL ETF holdings table showing rank, ticker symbol, company name, asset type, and portfolio weight percentage, sorted by portfolio weight, as of Oct 4, 2026.
#	Symbol	Name	Type	Weight
1	MUTF:FTIXX	Goldman Sachs FS Treasury Intms Instl	Stock	4.69%
2	NMFQS:FTIXX	Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund	Cash	3.28%
3	CA.BAYTRN 04.01.2059	BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.15%	Stock	1.76%
4	CA.CAS 5 12.01.2028	CALIFORNIA ST 5%	Stock	1.56%
5	PR.PRCGEN 4.33 07.01.2040	PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%	Stock	1.33%
6	CA.BURAPT 5.25 07.01.2045	BURBANK GLENDALE PASADENA ARPT AUTH CALIF ARPT REV 5.25%	Stock	1.13%
7	CA.SACAPT 5 07.01.2038	SACRAMENTO CNTY CALIF ARPT SYS REV 5%	Stock	0.99%
8	CA.CASMFH 06.01.2045	CALIFORNIA MUN FIN AUTH MULTIFAMILY HSG REV 3%	Stock	0.98%
9	CA.CASEDU 5 11.01.2049	CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK NATL CHARTER SCH REVOLVING LN F	Stock	0.80%
10	CA.CASMFH 03.01.2046	CALIFORNIA MUN FIN AUTH MULTIFAMILY HSG REV 3.1%	Stock	0.79%
11	CA.CCEDEV 02.01.2055	CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%	Stock	0.75%
12	VI.MFCFAC 5 10.01.2039	MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS 5%	Stock	0.75%
13	PR.PRCGEN 0 07.01.2029	PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%	Stock	0.73%
14	CA.CASPOL 5 11.21.2045	CALIFORNIA POLLUTION CTL FING AUTH WTR FURNISHING REV 5%	Stock	0.71%
15	CA.AMAWTR 5 12.01.2030	AMADOR WTR AGY CALIF CTFS PARTN 5%	Stock	0.69%
16	CA.SUOSCD 0 02.01.2031	SUNOL GLEN UNI SCH DIST CALIF 0%	Stock	0.67%
17	PR.PRC 4 07.01.2037	PUERTO RICO COMWLTH 4%	Stock	0.66%
18	CA.OXNSCD 0 02.01.2031	OXNARD CALIF SCH DIST 0%	Stock	0.64%
19	CA.SNTSCD 0 08.01.2030	SANTA RITA CALIF UN ELEM SCH DIST SCH FACS IMPT DIST NO 2022-1 0%	Stock	0.64%
20	CA.LOSTRN 5 06.01.2045	LOS ANGELES CNTY CALIF MET TRANSN AUTH TOLL REV 5%	Stock	0.63%
21	CA.CHNFAC 4 09.01.2032	CHINO CALIF CMNTY FACS DIST SPL TAX 4%	Stock	0.63%
22	CA.LOSUTL 5 07.01.2048	LOS ANGELES CALIF DEPT WTR & PWR REV 5%	Stock	0.63%
23	CA.GLEPWR 5 02.01.2049	GLENDALE CALIF ELEC REV 5%	Stock	0.63%
24	CA.CASDEV 5 09.02.2040	CALIFORNIA STATEWIDE CMNTYS DEV AUTH STATEWIDE CMNTY INFRASTRUCTURE PROGRAM	Stock	0.62%
25	CA.TJPDEV 5 10.01.2037	TRANSBAY JT PWRS AUTH TAX ALLOCATION CALIF 5%	Stock	0.61%
26	CA.CASHGR 11.01.2051	CALIFORNIA ST UNIV REV 3.15%	Stock	0.60%

Source: Fund holdings disclosures. Data as of Oct 4, 2026. Data sources and methodology

Frequently Asked Questions About Goldman Sachs Dynamic California Municipal Income ETF Holdings

What are the top holdings in GCAL?

As of Oct 4, 2026, Goldman Sachs Dynamic California Municipal Income ETF (GCAL) holds 375 securities. The largest are Goldman Sachs FS Treasury Intms Instl (4.69%), Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund (3.28%), BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.15% (1.76%). The holdings table lists each position by portfolio weight with its ticker, name and asset type.

How concentrated is GCAL's portfolio?

As of Oct 4, 2026, the 10 largest positions make up 17.3% of GCAL's assets. A concentrated portfolio has fewer large positions with higher individual weights, while a diversified portfolio distributes holdings more evenly.

What is GCAL's sector allocation?

The Sector Allocation chart shows how GCAL distributes investments across different industries like Technology, Healthcare, Financials, and more. This sector exposure helps understand the fund's industry diversification strategy.

What countries does GCAL invest in?

GCAL's geographic exposure is shown in the Countries tab under Portfolio Allocations. This reveals the fund's international diversification and exposure to different regions and global markets.

How diversified is GCAL ETF?

GCAL's diversification can be assessed by reviewing its 375 holdings (as of Oct 4, 2026), sector allocation, and geographic exposure. A well-diversified ETF spreads investments across multiple securities, sectors, and regions to reduce concentration risk.