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Goldman Sachs ActiveBeta® Europe Equity ETF
ETF
GSEU
Payout Change
Pending
Price as of:
$35.1278
-0.04
-0.11%
primary theme
Europe Equity
GSEU (ETF)
Goldman Sachs ActiveBeta® Europe Equity ETF
Payout Change
Pending
Price as of:
$35.1278
-0.04
-0.11%
primary theme
Europe Equity
GSEU (ETF)
Goldman Sachs ActiveBeta® Europe Equity ETF
Payout Change
Pending
Price as of:
$35.1278
-0.04
-0.11%
primary theme
Europe Equity
Name
As of 11/21/2024Price
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
Vitals
YTD Return
2.8%
1 yr return
9.1%
3 Yr Avg Return
0.9%
5 Yr Avg Return
6.0%
Net Assets
$10.6 M
Holdings in Top 10
20.2%
52 WEEK LOW AND HIGH
$35.2
$33.32
$38.83
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/21/2024Price
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
GSEU - Profile
Distributions
- YTD Total Return 2.8%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 6.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.47%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGoldman Sachs ActiveBeta® Europe Equity ETF
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateMar 02, 2016
-
Shares Outstanding600000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRaj 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 markets issuers in Europe. 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 Europe 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 376 securities with a market capitalization range of between approximately $2.82 billion and $448.55 billion from issuers in the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, 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 or country 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 or country at all times. The Index Provider determines whether an issuer is located in a European 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 European country if it is organized under the laws of the European country and it is primarily listed in the European 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.
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GSEU - Performance
Return Ranking - Trailing
| Period | GSEU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | -3.2% | 20.3% | 55.17% |
| 1 Yr | 9.1% | 3.3% | 26.2% | 63.22% |
| 3 Yr | 0.9%* | -12.0% | 7.4% | 46.51% |
| 5 Yr | 6.0%* | -0.5% | 10.6% | 58.33% |
| 10 Yr | N/A* | 1.8% | 8.7% | 71.64% |
* Annualized
Return Ranking - Calendar
| Period | GSEU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.5% | 2.0% | 24.1% | 42.53% |
| 2022 | -20.6% | -45.1% | -3.8% | 52.33% |
| 2021 | 14.1% | -8.7% | 23.4% | 47.06% |
| 2020 | 4.2% | -19.4% | 44.5% | 58.33% |
| 2019 | 19.8% | 7.4% | 44.8% | 59.04% |
Total Return Ranking - Trailing
| Period | GSEU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.8% | -3.2% | 20.3% | 55.17% |
| 1 Yr | 9.1% | 3.3% | 26.2% | 63.22% |
| 3 Yr | 0.9%* | -12.0% | 7.4% | 46.51% |
| 5 Yr | 6.0%* | -0.5% | 10.6% | 58.33% |
| 10 Yr | N/A* | 1.8% | 8.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GSEU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.7% | 3.7% | 27.2% | 17.24% |
| 2022 | -18.0% | -45.1% | -0.6% | 56.98% |
| 2021 | 17.3% | -1.2% | 24.7% | 47.06% |
| 2020 | 6.6% | -19.4% | 55.6% | 57.14% |
| 2019 | 24.6% | 13.5% | 46.3% | 44.58% |
GSEU - Holdings
Concentration Analysis
| GSEU | Category Low | Category High | GSEU % Rank | |
|---|---|---|---|---|
| Net Assets | 10.6 M | 5.07 M | 24.7 B | 94.32% |
| Number of Holdings | 358 | 18 | 1834 | 17.24% |
| Net Assets in Top 10 | 8.5 M | 1.46 M | 5.23 B | 93.10% |
| Weighting of Top 10 | 20.22% | 7.7% | 102.0% | 89.66% |
Top 10 Holdings
- Novo Nordisk A/S 3.83%
- ASML Holding NV 2.73%
- Novartis AG 2.00%
- AstraZeneca PLC 1.97%
- Nestle SA 1.97%
- Roche Holding AG 1.93%
- SAP SE 1.64%
- Shell PLC 1.55%
- LVMH Moet Hennessy Louis Vuitton SE 1.44%
- TotalEnergies SE 1.16%
Asset Allocation
| Weighting | Return Low | Return High | GSEU % Rank | |
|---|---|---|---|---|
| Stocks | 99.53% | 0.00% | 108.46% | 17.24% |
| Cash | 0.79% | 0.05% | 26.39% | 74.71% |
| Preferred Stocks | 0.22% | 0.00% | 5.14% | 27.59% |
| Other | 0.01% | -12.19% | 11.18% | 17.24% |
| Convertible Bonds | 0.00% | 0.00% | 0.81% | 70.11% |
| Bonds | 0.00% | 0.00% | 80.40% | 64.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSEU % Rank | |
|---|---|---|---|---|
| Healthcare | 16.57% | 0.00% | 28.53% | 20.00% |
| Consumer Defense | 14.31% | 0.00% | 23.04% | 9.41% |
| Industrials | 14.29% | 2.47% | 34.57% | 72.94% |
| Financial Services | 13.60% | 0.00% | 36.14% | 60.00% |
| Consumer Cyclical | 12.03% | 0.00% | 37.84% | 34.12% |
| Basic Materials | 7.58% | 0.00% | 19.84% | 48.24% |
| Technology | 6.30% | 0.00% | 27.53% | 70.59% |
| Energy | 5.64% | 0.00% | 73.53% | 54.12% |
| Communication Services | 4.49% | 0.00% | 10.93% | 82.35% |
| Utilities | 4.33% | 0.00% | 15.55% | 23.53% |
| Real Estate | 0.86% | 0.00% | 12.81% | 61.18% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSEU % Rank | |
|---|---|---|---|---|
| Non US | 99.25% | 0.00% | 106.03% | 3.45% |
| US | 0.28% | 0.00% | 101.92% | 56.32% |
GSEU - Expenses
Operational Fees
| GSEU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.07% | 3.85% | 89.66% |
| Management Fee | 0.25% | 0.06% | 1.19% | 11.36% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.53% |
| Administrative Fee | N/A | 0.01% | 0.25% | N/A |
Sales Fees
| GSEU 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% | 1.00% | N/A |
Trading Fees
| GSEU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| GSEU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 1.68% | 184.00% | 31.82% |
GSEU - Distributions
Dividend Yield Analysis
| GSEU | Category Low | Category High | GSEU % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.89% | 20.45% |
Dividend Distribution Analysis
| GSEU | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Monthly | Annual |
Net Income Ratio Analysis
| GSEU | Category Low | Category High | GSEU % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.47% | -1.72% | 4.06% | 20.69% |
Capital Gain Distribution Analysis
| GSEU | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 24, 2024 | $0.593 | OrdinaryDividend |
| Dec 26, 2023 | $0.272 | OrdinaryDividend |
| Jun 26, 2023 | $0.913 | OrdinaryDividend |
| Dec 27, 2022 | $0.089 | OrdinaryDividend |
| Sep 26, 2022 | $0.020 | OrdinaryDividend |
| Jun 24, 2022 | $0.671 | OrdinaryDividend |
| Mar 25, 2022 | $0.217 | OrdinaryDividend |
| Dec 27, 2021 | $0.016 | OrdinaryDividend |
| Sep 24, 2021 | $0.334 | OrdinaryDividend |
| Jun 24, 2021 | $0.468 | OrdinaryDividend |
| Mar 25, 2021 | $0.199 | OrdinaryDividend |
| Dec 24, 2020 | $0.062 | OrdinaryDividend |
| Sep 24, 2020 | $0.125 | OrdinaryDividend |
| Jun 24, 2020 | $0.259 | OrdinaryDividend |
| Mar 25, 2020 | $0.162 | OrdinaryDividend |
| Dec 24, 2019 | $0.168 | OrdinaryDividend |
| Jun 24, 2019 | $0.726 | OrdinaryDividend |
| Mar 25, 2019 | $0.272 | OrdinaryDividend |
| Dec 24, 2018 | $0.104 | OrdinaryDividend |
| Sep 24, 2018 | $0.174 | OrdinaryDividend |
| Jun 25, 2018 | $0.507 | OrdinaryDividend |
| Mar 23, 2018 | $0.112 | OrdinaryDividend |
| Dec 21, 2017 | $0.172 | OrdinaryDividend |
| Sep 22, 2017 | $0.103 | OrdinaryDividend |
| Jun 23, 2017 | $0.399 | OrdinaryDividend |
| Mar 24, 2017 | $0.122 | OrdinaryDividend |
| Dec 22, 2016 | $0.107 | OrdinaryDividend |
| Sep 23, 2016 | $0.115 | OrdinaryDividend |
| Jun 23, 2016 | $0.480 | OrdinaryDividend |
GSEU - Fund Manager Analysis
Managers
Raj Garigipati
Start Date
Tenure
Tenure Rank
Mar 02, 2016
6.25
6.3%
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 |
|---|---|---|---|
| 0.09 | 24.59 | 7.25 | 0.64 |
