At a glance
GCOR charges 0.08% a year, below the 0.09% average of the 7 funds most like it (the 5th cheapest of 8). It has $833.9M in assets, the 6th largest of that group; it paid 4.29% of its price in distributions over the past 12 months, monthly. Over the past year it returned −1.4% with distributions reinvested, the weakest of those 8 funds; over three years it returned +5.1% a year. At its worst it fell 15.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 41 months after the low. Its ten largest positions make up 22.9% of the fund, out of 1,834 in all.
The short version
Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) is an index fund that tracks the FTSE Goldman Sachs US Broad Bond Market Index, a broad mix of investment-grade US Treasuries, corporate bonds and mortgage-backed securities. Unlike a plain aggregate bond fund, its index halves the weight of the corporate issuers whose finances improved least and of the least rate-friendly mortgage bonds. Its 0.08% expense ratio is above the 0.03% that AGG, SCHZ, SPAB and BBAG charge.
Price history
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GCOR -1.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GCOR official prospectus, to Dec 31, 2024 | — | +0.81% | — | — | — | -2.35% |
| GCOR price data to Oct 27, 2026 | -1.0% | -1.4% | +5.1% | -0.6% | — | -0.7% |
- Over the year to Oct 27, 2026, GCOR returned -1.4%, 8th of 8 among similar funds.
- Its 5-year annualized return was -0.6%.
- Its worst full calendar year was 2022 (-13.8%); its best was 2025 (+7.2%).
- The deepest fall in its price history was 18.9% (Jan 4, 2021 to Oct 24, 2022), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -1.0% | — |
| 2025 | +7.2% | — |
| 2024 | +0.5% | +0.81% |
| 2023 | +5.8% | +5.35% |
| 2022 | -13.8% | -13.61% |
| 2021 | -1.9% | -1.98% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 15.2% over that stretch · deepest drop along the way 15.2%, back to its old high 40.6 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.2700 | |
| 2025 | $1.6800 | -5.1% |
| 2024 | $1.7700 | +15.7% |
| 2023 | $1.5300 | +77.9% |
| 2022 | $0.8600 | +87.0% |
| 2021 | $0.4600 |
What's inside
As of Aug 31, 2026, the fund held 1,834 securities; the ten largest made up 22.89% of assets, and 9.94% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 5.02% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 3.73% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 2.58% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 2.56% | |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 1.74% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 1.49% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 1.46% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 1.46% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 1.43% | |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 1.42% | |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 0.93% | |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION Mortgage-backed securities | 0.92% | |
| FEDERAL HOME LOAN BANKS Mortgage-backed securities | 0.87% | |
| FEDERAL HOME LOAN MORTGAGE CORP Mortgage-backed securities | 0.72% | |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT Bonds and notes | 0.71% |
By country
United States 92.11%Canada 1.06%United Kingdom 0.82%Japan 0.62%Mexico 0.51%By issuer
US Treasury 46.95%Companies 26.06%US government-sponsored enterprises 17.43%US government agencies 5.57%Foreign governments 2.95%The bonds mature in 12.7 years on average (weighted by size), with an average coupon of 3.67%.
Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $26.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.22%, -1.32%, +0.39%.
How it works
GCOR is an index fund. It puts at least 80% of its assets into bonds from the FTSE Goldman Sachs US Broad Bond Market Index. That share can include "to-be-announced" (TBA) mortgage trades, which are agreements to buy pools of home loans that are delivered later. FTSE Fixed Income, part of the London Stock Exchange Group, owns and calculates the index. It starts from the broader FTSE US Broad Investment-Grade (USBIG) Index. It keeps only bonds with at least one year left to maturity, an investment-grade rating of BBB- or better, and enough debt outstanding to trade easily, such as $250 million for a corporate bond.
Next, the index applies tilts designed with Goldman Sachs Asset Management. It splits corporate issuers into financials, industrials and utilities and ranks them on how much their operating margins and debt levels improved over the past year. The bottom 10% have their weight cut in half. Mortgage bonds are ranked by "negative convexity", which means they gain little or even lose value when rates fall. The worst 10% are also halved. Weights are then adjusted so the index's sensitivity to interest rates stays close to that of the broader index.
As of November 30, 2025, the index held 10,359 bonds: 45.85% Treasuries, 24.64% corporates and 23.84% mortgage-backed securities. Portfolio turnover was 306%. Regularly rolling TBA mortgage trades over can push that figure up.
What it really costs
- GCOR charges 0.08% a year, versus an average of 0.09% for the similar funds below (5th of 8, cheapest first).
- The fee includes a 0.01% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $8 in the first year and $114 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GCOR | $8 | $28 | $50 | $114 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
It tracks a broad index of investment-grade US Treasuries, corporate bonds and mortgage-backed securities, the kind of fund often used as a portfolio's main bond holding.
GCOR offers broad, mostly government-backed bond exposure that has moved little with stocks; its one-year beta was 0.12. It launched in September 2020, so it has no record through the 2008 crisis or the 2020 COVID crash. Its big test was 2022. Rising rates drove a 15.2% drop between January 3 and September 27, and the fund took about 41 months, until February 13, 2026, to get back to that level. Its deepest fall, 18.9% from its January 2021 peak, still had not fully recovered as of October 27, 2026. Anyone who had to sell in a year like that would have locked in losses.
It pays income monthly, with a trailing yield of 4.29% as of October 27, 2026. In the SEC's standard example, $10,000 invested costs $8 in fees the first year and $114 over 10 years. That is more than rivals charging 0.03%. Past results don't predict the future, and a plan should weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want one broad investment-grade bond fund: about 47% US Treasuries and 26% corporate bonds as of August 31, 2026.
- People who want monthly income; the trailing 12-month yield was 4.29% as of October 27, 2026.
- Those who like an index that halves the weight of corporate issuers that improved least and of the most negatively convex mortgage bonds.
Look elsewhere if
- Cost-focused investors: AGG, SCHZ, SPAB and BBAG each charge 0.03%, compared with GCOR's 0.08%.
- Anyone who may need to sell in a rising-rate year: GCOR lost 13.61% in 2022 and was still below its 2021 peak in October 2026.
- Investors who want a long track record or a large fund: GCOR launched in September 2020 and had $834 million in net assets.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GCOR this fund | 12.7 yrs | 0.08% | $833.9M | -1.4% | +5.1% |
| EAGG iShares ESG Aware US Aggregate Bond ETF | 12.7 yrs | 0.1% | $5.09B | -1.2% | +5.1% |
| SPAB SPDR Portfolio Aggregate Bond ETF | 12.7 yrs | 0.03% | $9.63B | -1.2% | +5.2% |
| AGZD WisdomTree Interest Rate Hedged U.S. Aggreg… | 12.6 yrs | 0.23% | $144.5M | +4.3% | +5.8% |
| BBAG JPMorgan BetaBuilders U.S. Aggregate Bond E… | 12.5 yrs | 0.03% | $1.03B | -0.8% | +5.3% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 12.5 yrs | 0.03% | $10.60B | -1.1% | +5.2% |
| AGG iShares Core U.S. Aggregate Bond ETF | 12.4 yrs | 0.03% | $138.32B | -0.4% | +4.7% |
| NUBD Nuveen ESG U.S. Aggregate Bond ETF | 12.3 yrs | 0.16% | $463.2M | -1.3% | +5.1% |
Questions investors ask
Is GCOR good for retirement income?
GCOR can provide monthly income and broad, high-quality bond exposure, but it can lose money. Its trailing 12-month yield was 4.29% as of October 27, 2026, paid monthly. It has moved little with stocks, with a one-year beta of 0.12. Rising rates hit it hard, though: it lost 13.61% in 2022. A retiree drawing on it in a year like that would be selling at lower prices.
What's the difference between GCOR and AGG?
Both hold broad baskets of investment-grade US bonds, but they follow different indexes and charge different fees. AGG, the iShares Core U.S. Aggregate Bond ETF, charges 0.03%, against GCOR's 0.08%. AGG is also far larger: about $138 billion in net assets as of August 31, 2026, compared with GCOR's $834 million. GCOR's index trims weight from weaker corporate issuers and from the most negatively convex mortgage bonds. Over one year, AGG returned -0.3% (through October 30, 2026) and GCOR -1.4% (through October 27, 2026).
Does GCOR pay monthly dividends?
Yes. GCOR pays distributions every month. Over the 12 months to October 27, 2026, it paid $1.71 per share, a trailing yield of 4.29%. The money comes from interest on the fund's bonds, so the amount can change from month to month as interest rates and holdings shift. A trailing yield looks backward and does not promise future income.
What does GCOR invest in?
GCOR held 1,834 investment-grade bonds as of August 31, 2026. US Treasuries made up about 47% of the portfolio, company bonds 26%, debt from government-sponsored enterprises such as Fannie Mae and Freddie Mac 17%, and US government agency debt about 6%. The largest single position was a Treasury note paying 3.875% that matures in November 2029, at 5.0% of assets. About 92% came from US issuers, with small amounts from Canada, the UK, Japan and Mexico.
How much did GCOR lose in 2022?
GCOR lost 13.61% in calendar 2022, according to its prospectus. That is its worst year since it launched in September 2020. Between January 3 and September 27, 2022, it fell 15.2% as rising interest rates pushed bond prices down. It did not get back to that level until February 13, 2026, about 41 months later. Measured from its January 4, 2021 peak, its deepest drop was 18.9%, and it had not fully recovered as of October 27, 2026.