At a glance
GIGB charges 0.08% a year, below the 0.14% average of the 7 funds most like it (the 4th cheapest of 8). It has $1.01B in assets, the 6th largest of that group; it paid 4.77% of its price in distributions over the past 12 months, monthly. Over the past year it returned −1.7% with distributions reinvested, 5th of those 8 funds; over three years it returned +6.1% a year. At its worst it fell 19.6% in the 2020 crash (S&P 500: 33.7%) and 18.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 3 months and 35 months after the lows. Its ten largest positions make up 2.3% of the fund, out of 2,619 in all.
The short version
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) tracks the FTSE Goldman Sachs Investment Grade Corporate Bond Index. The index is a rules-based mix of US-dollar corporate bonds rated BBB- or higher. Its twist is a light screen: issuers in the bottom 10% on operating-margin and debt trends get their weight cut in half. It charges 0.08% a year, below the 0.14% average of similar funds. Broad index funds such as USIG charge 0.04%.
Price history
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GIGB -1.7% 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 | |
|---|---|---|---|---|---|---|
| GIGB official prospectus, to Dec 31, 2024 | — | +1.79% | — | +0.18% | — | +1.88% |
| GIGB price data to Oct 27, 2026 | -0.9% | -1.7% | +6.1% | -0.2% | — | +2.2% |
- Over the year to Oct 27, 2026, GIGB returned -1.7%, 5th of 8 among similar funds.
- Its 5-year annualized return was -0.2%.
- In the 2020 COVID crash it fell 19.6% and regained its old high 2.7 months after the low.
- Its worst full calendar year was 2022 (-15.8%); its best was 2019 (+15.1%).
- The deepest fall in its price history was 22.3% (Sep 22, 2021 to Oct 20, 2022), recovered by Feb 26, 2026.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -0.9% | — |
| 2025 | +7.6% | — |
| 2024 | +1.7% | +1.79% |
| 2023 | +8.8% | +8.65% |
| 2022 | -15.8% | -15.78% |
| 2021 | -1.6% | -1.57% |
| 2020 | +9.8% | +10.00% |
| 2019 | +15.1% | +14.90% |
| 2018 | -2.7% | -2.84% |
| 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 | Lost 12.3% over that stretch · deepest drop along the way 19.6%, back to its old high 2.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 18.8% over that stretch · deepest drop along the way 18.9%, back to its old high 34.8 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.5800 | |
| 2025 | $2.1600 | +6.9% |
| 2024 | $2.0200 | +19.5% |
| 2023 | $1.6900 | +23.4% |
| 2022 | $1.3700 | +12.3% |
| 2021 | $1.2200 | -16.4% |
| 2020 | $1.4600 | -14.6% |
| 2019 | $1.7100 | +8.9% |
| 2018 | $1.5700 |
What's inside
As of Aug 31, 2026, the fund held 2,619 securities; the ten largest made up 2.3% of assets.
| Holding | Weight | |
|---|---|---|
| MORGAN STANLEY Bonds and notes | 0.29% | |
| UBS GROUP AG Bonds and notes | 0.28% | |
| NATIONAL BANK OF CANADA Bonds and notes | 0.25% | |
| BOEING COMPANY (THE) Bonds and notes | 0.24% | |
| APPLE INC Bonds and notes | 0.22% | |
| ORACLE CORP Bonds and notes | 0.21% | |
| CITIGROUP INC Bonds and notes | 0.21% | |
| HSBC HOLDINGS PLC Bonds and notes | 0.20% | |
| BANCO SANTANDER SA Bonds and notes | 0.20% | |
| JP MORGAN CHASE & COMPANY Bonds and notes | 0.20% | |
| JP MORGAN CHASE & COMPANY Bonds and notes | 0.20% | |
| EATON CORP Bonds and notes | 0.19% | |
| EXELON CORP Bonds and notes | 0.19% | |
| MARRIOTT INTERNATIONAL INC Bonds and notes | 0.19% | |
| JP MORGAN CHASE & COMPANY Bonds and notes | 0.18% |
By country
United States 84.47%Canada 3.81%United Kingdom 3.2%Japan 2.01%Australia 0.68%By issuer
Companies 98.46%The bonds mature in 11 years on average (weighted by size), with an average coupon of 4.61%.
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 $49.5M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.13%, -1.62%, +0.45%.
How it works
GIGB is a Goldman Sachs index fund that aims to match, before fees, the FTSE Goldman Sachs Investment Grade Corporate Bond Index, a custom index calculated by FTSE Fixed Income. It starts from FTSE's broad index of US dollar corporate bonds with at least a year to maturity and investment-grade ratings (at least BBB- from S&P or Baa3 from Moody's), meaning lower default risk. Each bond needs $250 million or more outstanding, and its issuer at least two eligible bonds.
Then comes a tilt designed with Goldman Sachs Asset Management. Issuers are grouped into financials, industrials and utilities and ranked on one-year improvement in operating margin and leverage (debt load). The lowest-scoring 10% count at half their market value, shrinking their weight. Maturity bucketing keeps the index's interest-rate sensitivity near the broad index's. As of November 30, 2025, the index had 8,807 bonds and a weighted average maturity of 10.47 years.
The index rebalances monthly, for changes in liquidity, ratings and maturity, and quarterly to refresh the rankings. The fund uses representative sampling, buying a subset of bonds with similar overall traits rather than all of them; it held 2,619 holdings as of August 31, 2026. Being rule-bound, it generally won't sell a struggling issuer's bonds unless the index drops them.
What it really costs
- GIGB charges 0.08% a year, versus an average of 0.14% for the similar funds below (4th of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $8 in the first year and $103 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GIGB | $8 | $26 | $45 | $103 |
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 pays monthly income from a broad basket of investment-grade corporate bonds at a low cost, but its price swings more than short-term bonds do.
GIGB's trailing 12-month yield was 4.77% as of October 27, 2026, paid monthly. It costs 0.08% a year, or $8 in the first year on $10,000 under the SEC's standard example. The tradeoff is interest-rate and credit risk. The average maturity was 11 years as of August 31, 2026. The fund launched in 2017, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 19.6% in two weeks and recovered in about 2.7 months. The 2022 decline lasted much longer. The fund lost 15.78% that year, its worst calendar year. Its deepest drop was 22.3%, from September 2021 to October 2022, and it took about 40 months to recover, until February 2026. Anyone selling shares to cover spending during that stretch would have locked in losses. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking monthly income from about 2,600 investment-grade corporate bonds, with a 4.77% trailing yield as of October 27, 2026.
- Those comfortable with an 11-year average maturity and the bigger price swings from interest-rate changes that come with it.
- Investors who like a mild quality tilt that halves the weight of issuers with weakening margins or leverage, for 0.08% a year.
Look elsewhere if
- Cost-focused investors: broad corporate bond funds such as USIG (0.04%), IGIB (0.04%) and VCIT (0.03%) charge less.
- Anyone who may need the money within a few years: its 22.3% drop from 2021 to 2022 took about 40 months to recover.
- Investors wanting government-backed bonds: these are corporate bonds that can default, and many of the largest positions are bank bonds, such as Morgan Stanley and JPMorgan.
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 |
|---|---|---|---|---|---|
| GIGB this fund | 11 yrs | 0.08% | $1.01B | -1.7% | +6.1% |
| FLCO Franklin Investment Grade Corporate ETF | 10.9 yrs | 0.35% | $586.5M | -1.9% | +6.0% |
| JAAA Janus Henderson AAA CLO ETF | 11.4 yrs | 0.2% | $29.21B | +4.9% | +6.1% |
| USIG iShares Broad USD Investment Grade Corporat… | 10.3 yrs | 0.04% | $17.85B | -0.9% | +5.7% |
| IG Principal Investment Grade Corporate Active… | 12.7 yrs | 0.19% | $199.1M | -1.7% | +6.3% |
| LQD iShares iBoxx $ Investment Grade Corporate … | 13 yrs | 0.14% | $32.04B | -2.3% | +5.2% |
| VCIT Vanguard Intermediate-Term Corporate Bond E… | 8.2 yrs | 0.03% | $72.04B | -0.6% | +7.1% |
| IGIB iShares 5-10 Year Investment Grade Corporat… | 8.3 yrs | 0.04% | $18.72B | -1.0% | +6.4% |
Questions investors ask
Does GIGB pay monthly dividends?
Yes. GIGB pays distributions monthly. Over the 12 months to October 27, 2026, it paid $2.11 per share, a trailing yield of 4.77%. The payments come from interest on the bonds it holds, which had an average coupon of 4.61% as of August 31, 2026. Monthly amounts can change as bonds mature, get called or are replaced at different rates.
What's the difference between GIGB and USIG?
Both hold broad baskets of investment-grade US-dollar corporate bonds. USIG costs 0.04% a year and GIGB costs 0.08%. GIGB also cuts in half the weight of the bottom 10% of issuers ranked on operating-margin and leverage trends. GIGB's average maturity is 11 years, against 10.3 for USIG. Over one year, GIGB returned -1.7% and USIG -0.6%. Over three years, GIGB returned 6.1% a year and USIG 6.5% (as of October 27 and October 30, 2026).
What is GIGB's expense ratio?
GIGB's expense ratio is 0.08%, according to its prospectus filed December 29, 2025. The SEC's standard example assumes $10,000 invested with a 5% annual return. On that basis, costs come to about $8 after one year, $26 after three, $45 after five and $103 after ten. That's below the 0.14% average of similar funds but more than USIG (0.04%), IGIB (0.04%) and VCIT (0.03%).
What are GIGB's top holdings?
GIGB is spread across about 2,600 bonds, so no single bond matters much. The 10 largest positions made up just 2.3% of assets as of August 31, 2026. The biggest were bonds from Morgan Stanley (0.29%), UBS Group (0.28%), National Bank of Canada (0.25%), Boeing (0.24%) and Apple (0.22%), followed by Oracle, Citigroup and HSBC. US issuers made up about 84% of assets, with Canada and the UK next.
How much did GIGB lose in 2022?
GIGB lost 15.78% in 2022, according to its prospectus. That was its worst calendar year. Bond prices fall when interest rates rise, and longer maturities, like this fund's 11-year average, react more. Its deepest drop was 22.3%, from September 2021 to October 2022, and it didn't fully recover until February 2026, about 40 months later. In the 2020 COVID crash it fell 19.6% but recovered in under three months.