Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc)
ISIN IE000UZO4IC7
|Valor Number 148377917
|Ticker GAEB
ETF Actively managed strategy
TER
0.45% p.a.
Distribution policy
Accumulating
Replication
Physical
Fund size
CHF 16 m
Inception Date
8 December 2025
Holdings
94
Overview
Description
The Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc) is an actively managed ETF.
The ETF tracks ESG (environmental, social and governance) screened bonds issued by government, government-related and private issuers from emerging markets. All maturities are included. Currency hedged to Euro (EUR).
Chart
Basics
Data
| Index | Goldman Sachs Emerging Markets Hard Currency Bond Active (EUR Hedged) |
| Investment focus | Bonds, Emerging Markets, Aggregate, All maturities, Social/Environmental |
| Fund size | CHF 16 m |
| Total expense ratio | 0.45% p.a. |
| Replication | Physical (Full replication) |
| Legal structure | ETF |
| Investment approach | Actively managed |
| Sustainability | Yes |
| Fund currency | EUR |
| Currency risk | Currency hedged |
| Volatility 1 year (in CHF) | - |
| Inception/ Listing Date | 8 December 2025 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | Goldman Sachs |
| Fund Structure | Open-ended Investment Company (OEIC) |
| UCITS compliance | Yes |
| Administrator | BNY Mellon Fund Services (Ireland) |
| Investment Advisor | Goldman Sachs Asset Management International |
| Custodian Bank | The Bank of New York Mellon SA/NV, Dublin Branch |
| Revision Company | PricewaterhouseCoopers |
| Fiscal Year End | 31 December |
| Swiss representative | FIRST INDEPENDENT FUND SERVICES AG |
| Swiss paying agent | Goldman Sachs Bank AG |
| Germany | Unknown |
| Switzerland | Unknown |
| Austria | Tax Reporting Fund |
| UK | UK Reporting |
| Italy | 26.0% |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc).
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Holdings
Below you find information about the composition of the Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc).
Top 10 Holdings
Weight of top 10 holdings
out of 94
23.94%
As of 26/08/2026
Performance
Returns overview
| YTD | -1.07% |
| 1 month | -2.73% |
| 3 months | -2.42% |
| 6 months | -1.28% |
| 1 year | - |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | -0.86% |
| 2025 | - |
| 2024 | - |
| 2023 | - |
| 2022 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | - |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | - |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | - |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -5.39% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| Borsa Italiana | EUR | GEME | - - | - - | - |
| XETRA | EUR | GAEB |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| UBS J.P. Morgan USD EM IG Screened Diversified Bond UCITS ETF hEUR acc | 448 | 0.43% p.a. | Accumulating | Sampling |
| UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hEUR acc | 309 | 0.38% p.a. | Accumulating | Sampling |
| UBS J.P. Morgan USD EM IG Screened Diversified Bond UCITS ETF USD acc | 237 | 0.40% p.a. | Accumulating | Sampling |
| iShares USD Sukuk UCITS ETF USD (Dist) | 181 | 0.40% p.a. | Distributing | Sampling |
| UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hEUR dis | 36 | 0.38% p.a. | Distributing | Sampling |
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Frequently asked questions
What is the name of GAEB?
The name of GAEB is Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc).
What is the ticker of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc)?
The primary ticker of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc) is GAEB.
What is the ISIN of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc)?
The ISIN of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc) is IE000UZO4IC7.
What are the costs of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc)?
The total expense ratio (TER) of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc) amounts to 0.45% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
What's the fund size of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc)?
The fund size of Goldman Sachs Emerging Markets Hard Currency Bond Active UCITS ETF Class EUR Hedged (Acc) is 16m CHF. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable).
There is no warranty for completeness, accuracy and correctness for the displayed information. (en-CH)