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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs ActiveBeta® International Equity ETF

GSIE | ETF

$34.46

$3.62 B

2.67%

$0.92

0.25%

Vitals

YTD Return

8.0%

1 yr return

17.5%

3 Yr Avg Return

1.6%

5 Yr Avg Return

5.9%

Net Assets

$3.62 B

Holdings in Top 10

11.6%

52 WEEK LOW AND HIGH

$34.4
$29.76
$36.45

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 21.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Goldman Sachs ActiveBeta® International Equity ETF

GSIE | ETF

$34.46

$3.62 B

2.67%

$0.92

0.25%

GSIE - Profile

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Goldman Sachs ActiveBeta® International Equity ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Nov 06, 2015
  • Shares Outstanding
    96800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Raj Garigipati

Fund Description

The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index.The Index is designed to deliver exposure to equity securities of developed market issuers outside of the United States. The Index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the “factors” (or characteristics) that are commonly tied to a stock’s outperformance relative to market returns. These factors include value (i.e., how attractively a stock is priced relative to its “fundamentals,” such as book value and free cash flow), momentum (i.e., whether a company’s share price is trending up or down), quality (i.e., profitability) and low volatility (i.e., a relatively low degree of fluctuation in a company’s share price over time). Given the Fund’s investment objective of attempting to track its Index, the Fund does not follow traditional methods of active investment management, which may involve buying and selling securities based upon analysis of economic and market factors.Goldman Sachs Asset Management, L.P. (the “Index Provider”) constructs the Index in accordance with a rules-based methodology that involves two steps.Step 1In the first step, individual factor subindexes for value, momentum, quality and low volatility (the “ActiveBeta® Factor Subindexes”) are created from the constituents of the MSCI World ex USA Index (the “Reference Index”), a market capitalization-weighted index. To construct each ActiveBeta® Factor Subindex, all constituents in the Reference Index are assigned a “factor score” based on certain specified measurements (for example, in the case of the value factor, the factor score is based on a composite of book value-to-price, sales-to-price and free cash flow-to-price). Securities with a factor score that is above a fixed “Cut-off Score” receive an overweight in the applicable ActiveBeta® Factor Subindex relative to the Reference Index and securities with a factor score that is below the Cut-off Score receive an underweight in the ActiveBeta® Factor Subindex relative to the Reference Index. Accordingly, the magnitude of overweight or underweight that a security receives in constructing the applicable ActiveBeta® Factor Subindex is determined by its attractiveness when evaluated based on the relevant factor. The Index only includes long positions (i.e., short positions are impermissible), so the smallest weight for any given security is zero.Step 2The ActiveBeta® Factor Subindexes are combined in equal weights to form the Index.The Index is normally rebalanced on a quarterly basis in accordance with the published rebalancing schedule of the Reference Index. The rules-based process used to construct the Index incorporates the ActiveBeta® Turnover Minimization Technique, which seeks to reduce turnover within the Index.As of December 1, 2023, the Index consisted of 723 securities with a market capitalization range of between approximately $2.82 billion and $448.5 billion from issuers in the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The components of the Index may change over time. The percentage of the portfolio exposed to any asset class, country or geographic region will vary from time to time as the weightings of the securities within the Index change, and the Fund may not be invested in each asset class, country or geographic region at all times. The Index Provider determines whether an issuer is located in a particular country by reference to the Reference Index methodology. MSCI Inc., which constructs the Reference Index, will generally deem an issuer to be located in a particular country if it is organized under the laws of the particular country and it is primarily listed in the particular country; in the event that these factors point to more than one country, the Reference Index methodology provides for consideration of certain additional factors.The Index is comprised of equity securities, including American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”). The Fund seeks to invest in the Index components in approximately the same weighting that such components have within the Index at the applicable time. The Fund may purchase a sample of securities in its Index. There may also be instances in which the Investment Adviser may choose to underweight or overweight a security in the Fund’s Index, purchase securities not in the Fund’s Index that the Investment Adviser believes are appropriate to substitute for certain securities in such Index or utilize various combinations of other available investment techniques.The Fund may concentrate its investments (i.e., hold more than 25% of its total assets) in a particular industry or group of industries to the extent that its Index is concentrated. The degree to which components of the Index represent certain sectors or industries may change over time.
Read More

GSIE - Performance

Return Ranking - Trailing

Period GSIE Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -4.5% 30.0% 46.38%
1 Yr 17.5% -1.8% 42.7% 54.70%
3 Yr 1.6%* -17.0% 46.5% 41.18%
5 Yr 5.9%* -34.2% 75.0% 50.08%
10 Yr N/A* 0.8% 32.0% 80.95%

* Annualized

Return Ranking - Calendar

Period GSIE Return Category Return Low Category Return High Rank in Category (%)
2023 13.5% -1.4% 22.0% 47.77%
2022 -18.4% -43.6% 71.3% 54.79%
2021 10.6% -28.5% 18.9% 5.59%
2020 5.5% -90.1% 992.1% 77.83%
2019 19.3% -1.9% 38.8% 49.91%

Total Return Ranking - Trailing

Period GSIE Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -4.5% 30.0% 46.38%
1 Yr 17.5% -1.8% 42.7% 54.70%
3 Yr 1.6%* -17.0% 46.5% 41.18%
5 Yr 5.9%* -34.2% 75.0% 50.08%
10 Yr N/A* 0.8% 32.0% N/A

* Annualized

Total Return Ranking - Calendar

Period GSIE Return Category Return Low Category Return High Rank in Category (%)
2023 17.0% 3.2% 23.8% 41.91%
2022 -15.9% -43.6% 144.8% 53.22%
2021 13.3% -22.6% 56.0% 12.94%
2020 7.5% -89.7% 1010.8% 77.50%
2019 22.8% 4.3% 38.8% 43.83%

GSIE - Holdings

Concentration Analysis

GSIE Category Low Category High GSIE % Rank
Net Assets 3.62 B 3.3 M 425 B 23.89%
Number of Holdings 686 1 10481 19.91%
Net Assets in Top 10 440 M 1.01 M 47.5 B 32.47%
Weighting of Top 10 11.62% 4.6% 147.7% 95.07%

Top 10 Holdings

  1. Novo Nordisk A/S 2.14%
  2. GOLDMAN SACHS FINANCIAL SQUARE FUNDS PRIME OBLIGATIONS FUND 1.45%
  3. ASML Holding NV 1.36%
  4. Novartis AG 1.10%
  5. Nestle SA 1.05%
  6. Roche Holding AG 1.04%
  7. AstraZeneca PLC 1.01%
  8. SAP SE 0.85%
  9. LVMH Moet Hennessy Louis Vuitton SE 0.82%
  10. Shell PLC 0.80%

Asset Allocation

Weighting Return Low Return High GSIE % Rank
Stocks 		99.39% 0.00% 102.63% 8.42%
Cash 		1.84% 0.00% 44.84% 49.92%
Preferred Stocks 		0.13% -0.05% 6.57% 51.61%
Other 		0.02% -2.12% 69.93% 34.30%
Convertible Bonds 		0.00% 0.00% 4.18% 44.09%
Bonds 		0.00% -0.46% 79.43% 47.01%

Stock Sector Breakdown

Weighting Return Low Return High GSIE % Rank
Financial Services 		17.77% 0.00% 47.75% 50.71%
Industrials 		14.38% 5.17% 99.49% 56.36%
Consumer Defense 		12.78% 0.00% 32.29% 11.62%
Healthcare 		12.26% 0.00% 20.35% 46.62%
Consumer Cyclical 		10.65% 0.00% 36.36% 37.99%
Basic Materials 		8.46% 0.00% 23.86% 44.11%
Technology 		7.44% 0.00% 36.32% 89.64%
Energy 		5.98% 0.00% 16.89% 24.33%
Communication Services 		5.15% 0.00% 21.69% 71.43%
Utilities 		3.25% 0.00% 13.68% 37.36%
Real Estate 		1.88% 0.00% 14.59% 51.49%

Stock Geographic Breakdown

Weighting Return Low Return High GSIE % Rank
Non US 		98.12% 0.00% 99.44% 6.74%
US 		1.27% 0.00% 102.01% 77.49%

GSIE - Expenses

Operational Fees

GSIE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.01% 19.62% 89.57%
Management Fee 0.25% 0.00% 1.65% 15.10%
12b-1 Fee 0.00% 0.00% 1.00% 7.82%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

GSIE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GSIE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GSIE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 2.00% 247.00% 26.03%

GSIE - Distributions

Dividend Yield Analysis

GSIE Category Low Category High GSIE % Rank
Dividend Yield 2.67% 0.00% 17.49% 36.75%

Dividend Distribution Analysis

GSIE Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly SemiAnnual

Net Income Ratio Analysis

GSIE Category Low Category High GSIE % Rank
Net Income Ratio 2.31% -0.93% 6.38% 25.12%

Capital Gain Distribution Analysis

GSIE Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

View More +

GSIE - Fund Manager Analysis

Managers

Raj Garigipati

Start Date

Tenure

Tenure Rank

Nov 06, 2015

6.57

6.6%

Mr. Garigipati joined the ETF Portfolio Management team in 2015. Mr. Garigipati joined Goldman Sachs in 2003 as a Technology audit analyst in the Internal Audit department covering the Investment Management Division and later was the global audit lead for GSAM before joining the QIS team in 2011 as the Chief Risk Officer. Prior to joining the ETF Portfolio Management team, he had been the Chief Risk Officer of the Quantitative Investment Strategies team since 2011. He joined Goldman Sachs in 2003.

Matthew Maillet

Start Date

Tenure

Tenure Rank

Apr 04, 2022

0.16

0.2%

Mr. Maillet is a portfolio manager on the ETF Portfolio Management team within GSAM’s QIS platform. He joined QIS in 2015 as a deputy chief operating officer where he was named a vice president in 2016, and subsequently joined the ETF Portfolio Management team in 2018.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.35 3.25

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