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The Goldman Sachs TreasuryAccess 0-1 Year ETF (Ticker: GBIL) Offers Efficient Access to Short-term Treasuries by One of the Market’s Fastest Growing ETF Providers

NEW YORK, September 8, 2016 – GSAM today announced the launch of GBIL, the first ETF to offer same-day settlement of creations and redemptions in the short-term US Treasury market.

The Fund will begin trading on the NYSE Arca on September 8 with $20 million in assets. The cost to investors is 14 basis points (bps), placing it among the most competitively priced ultrashort duration ETFs on the market.¹

"The bond trading environment has become more complicated. We wanted our first fixed-income ETF to provide investors a low cost way to obtain the credit quality and income they look for in the Treasury markets, but with greater transparency and ease of use,” said Michael Crinieri, GSAM's Global Head of ETF Strategies.

GBIL will be jointly managed by GSAM’s Liquidity Solutions team and its Quantitative Investment Strategies team. The Liquidity Solutions team has managed money market and short-duration strategies since 1988 and has over $350 billion under management globally. The Quantitative Investment Strategies team was founded in 1989 and manages over $83 billion globally.

“We believe ETFs will continue to become a preferred vehicle for Treasury investing given the unprecedented level of demand for Treasuries as a result of recent regulation,” said Christina Kopec, Head of Product Strategy for Global Fixed Income.

GBIL seeks to track the Citi US Treasury 0-1 Year Composite Select Index (the “Index”), which is designed to measure the performance of US Treasury Obligations² with a maximum remaining maturity of one year.

“Investors continue to seek opportunities to capture specific sectors in their portfolios in the most effective way,” said Arom Pathammavong, Global Head of Citi Fixed Income Indices. “We are pleased to have worked with GSAM to develop a short-term Treasury index that has been used to bring this innovative ETF to market.”

GBIL offers flexibility to the ETF market’s key liquidity providers, called “authorized participants”- creations or redemptions of shares may settle within hours instead of days. This innovation adds to the standard intraday trading ease of ETFs and can therefore broaden the range of investment applications.

Since entering the ETF space in September 2015 with the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (Ticker: GSLC), GSAM has launched a full suite of ActiveBeta® ETFs that follow GSAM’s proprietary equity indices that utilize a methodology designed to offer the potential to outperform the market. In March 2016, GSAM was named the Most Innovative Issuer by ETF.com and GSLC was recognized as the Best New U.S. Equity ETF and the Best New Smart Beta/Factor ETF.³ GSAM’s ETF platform has reached $2.37 billion in assets under management as of September 2, 2016.