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Goldman Sachs ActiveBeta® U.S. Small Cap Equity ETF
ETF
GSSC
Payout Change
Pending
Price as of:
$73.8243
+1.35
+1.87%
primary theme
U.S. Small-Cap Blend Equity
GSSC (ETF)
Goldman Sachs ActiveBeta® U.S. Small Cap Equity ETF
Payout Change
Pending
Price as of:
$73.8243
+1.35
+1.87%
primary theme
U.S. Small-Cap Blend Equity
GSSC (ETF)
Goldman Sachs ActiveBeta® U.S. Small Cap Equity ETF
Payout Change
Pending
Price as of:
$73.8243
+1.35
+1.87%
primary theme
U.S. Small-Cap Blend 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
15.8%
1 yr return
30.4%
3 Yr Avg Return
3.3%
5 Yr Avg Return
11.1%
Net Assets
$509 M
Holdings in Top 10
4.6%
52 WEEK LOW AND HIGH
$72.5
$56.41
$75.96
Expenses
OPERATING FEES
Expense Ratio 0.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.00%
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
GSSC - Profile
Distributions
- YTD Total Return 15.8%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 11.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.90%
- Dividend Yield 0.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGoldman Sachs ActiveBeta® U.S. Small Cap Equity ETF
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateJun 28, 2017
-
Shares Outstanding7500000
-
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 small capitalization U.S. issuers. 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 Russell 2000® 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 1,316 securities with a market capitalization range of between approximately $38.21 million] and $14.63 billion. The components of the Index may change over time. The percentage of the portfolio exposed to any asset class 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 at all times. The Index Provider determines whether an issuer is a U.S. issuer by reference to the Reference Index methodology. FTSE Russell, which constructs the Reference Index, will deem an issuer to be a U.S. issuer if it is incorporated in, has a stated headquarters in, and trades in the U.S.; if any of these do not match, the Reference Index methodology provides for consideration of certain additional factors.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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GSSC - Performance
Return Ranking - Trailing
| Period | GSSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.8% | -3.6% | 37.7% | 38.68% |
| 1 Yr | 30.4% | 0.0% | 47.7% | 35.66% |
| 3 Yr | 3.3%* | -14.0% | 42.6% | 43.21% |
| 5 Yr | 11.1%* | -12.6% | 34.1% | 28.80% |
| 10 Yr | N/A* | -2.9% | 18.1% | 49.61% |
* Annualized
Return Ranking - Calendar
| Period | GSSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.6% | -19.9% | 29.0% | 33.33% |
| 2022 | -17.9% | -59.3% | 118.2% | 29.33% |
| 2021 | 22.9% | -31.6% | 39.3% | 12.19% |
| 2020 | 14.5% | -51.0% | 39.5% | 32.94% |
| 2019 | 21.6% | -5.6% | 37.8% | 42.65% |
Total Return Ranking - Trailing
| Period | GSSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.8% | -3.6% | 37.7% | 38.68% |
| 1 Yr | 30.4% | 0.0% | 47.7% | 35.66% |
| 3 Yr | 3.3%* | -14.0% | 42.6% | 43.21% |
| 5 Yr | 11.1%* | -12.6% | 34.1% | 28.80% |
| 10 Yr | N/A* | -2.9% | 18.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GSSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.3% | -11.7% | 31.8% | 37.88% |
| 2022 | -16.8% | -45.2% | 123.7% | 54.48% |
| 2021 | 24.1% | 0.0% | 45.6% | 44.68% |
| 2020 | 16.0% | -50.5% | 46.9% | 35.91% |
| 2019 | 23.2% | 2.2% | 40.9% | 67.08% |
GSSC - Holdings
Concentration Analysis
| GSSC | Category Low | Category High | GSSC % Rank | |
|---|---|---|---|---|
| Net Assets | 509 M | 555 K | 145 B | 48.02% |
| Number of Holdings | 1367 | 2 | 2445 | 9.60% |
| Net Assets in Top 10 | 23.5 M | 124 K | 9.87 B | 77.40% |
| Weighting of Top 10 | 4.56% | 3.1% | 100.1% | 97.35% |
Top 10 Holdings
- GOLDMAN SACHS FINANCIAL SQUARE FUNDS PRIME OBLIGATIONS FUND 1.08%
- Sprouts Farmers Market Inc 0.47%
- Mueller Industries Inc 0.44%
- Goldman Sachs Financial Square Treasury Obligations Fund 0.41%
- CommVault Systems Inc 0.38%
- UFP Industries Inc 0.36%
- Jackson Financial Inc 0.36%
- Abercrombie Fitch Co 0.36%
- FTAI Aviation Ltd 0.35%
- Boise Cascade Co 0.34%
Asset Allocation
| Weighting | Return Low | Return High | GSSC % Rank | |
|---|---|---|---|---|
| Stocks | 99.42% | 7.51% | 107.74% | 19.96% |
| Cash | 1.50% | 0.00% | 42.24% | 53.48% |
| Preferred Stocks | 0.00% | 0.00% | 6.06% | 50.66% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 50.19% |
| Bonds | 0.00% | 0.00% | 87.66% | 53.67% |
| Other | 0.00% | -0.07% | 49.08% | 97.93% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSSC % Rank | |
|---|---|---|---|---|
| Financial Services | 17.29% | 0.00% | 35.52% | 25.52% |
| Industrials | 15.96% | 2.46% | 37.42% | 56.57% |
| Technology | 13.07% | 0.00% | 43.95% | 63.05% |
| Healthcare | 12.15% | 0.00% | 26.53% | 56.95% |
| Consumer Cyclical | 10.65% | 0.99% | 47.79% | 60.19% |
| Real Estate | 8.38% | 0.00% | 29.43% | 36.00% |
| Energy | 7.21% | 0.00% | 37.72% | 26.29% |
| Consumer Defense | 4.61% | 0.00% | 18.87% | 37.14% |
| Basic Materials | 3.96% | 0.00% | 18.66% | 67.62% |
| Utilities | 3.60% | 0.00% | 18.58% | 18.29% |
| Communication Services | 3.12% | 0.00% | 14.85% | 38.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSSC % Rank | |
|---|---|---|---|---|
| US | 99.42% | 2.58% | 107.74% | 18.46% |
| Non US | 0.00% | 0.00% | 97.07% | 57.63% |
GSSC - Expenses
Operational Fees
| GSSC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.20% | 0.01% | 38.30% | 92.63% |
| Management Fee | 0.20% | 0.00% | 1.50% | 11.91% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.80% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| GSSC 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% | 5.00% | N/A |
Trading Fees
| GSSC 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.
| GSSC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.00% | 1.00% | 314.00% | 24.45% |
GSSC - Distributions
Dividend Yield Analysis
| GSSC | Category Low | Category High | GSSC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.64% | 0.00% | 42.47% | 40.11% |
Dividend Distribution Analysis
| GSSC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
| GSSC | Category Low | Category High | GSSC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.90% | -2.40% | 2.49% | 15.62% |
Capital Gain Distribution Analysis
| GSSC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 24, 2024 | $0.116 | OrdinaryDividend |
| Jun 24, 2024 | $0.230 | OrdinaryDividend |
| Mar 22, 2024 | $0.196 | OrdinaryDividend |
| Dec 26, 2023 | $0.315 | OrdinaryDividend |
| Sep 25, 2023 | $0.118 | OrdinaryDividend |
| Jun 26, 2023 | $0.230 | OrdinaryDividend |
| Mar 27, 2023 | $0.176 | OrdinaryDividend |
| Dec 27, 2022 | $0.301 | OrdinaryDividend |
| Sep 26, 2022 | $0.096 | OrdinaryDividend |
| Jun 24, 2022 | $0.156 | OrdinaryDividend |
| Mar 25, 2022 | $0.161 | OrdinaryDividend |
| Dec 27, 2021 | $0.331 | OrdinaryDividend |
| Sep 24, 2021 | $0.119 | OrdinaryDividend |
| Jun 24, 2021 | $0.106 | OrdinaryDividend |
| Mar 25, 2021 | $0.113 | OrdinaryDividend |
| Dec 24, 2020 | $0.145 | OrdinaryDividend |
| Sep 24, 2020 | $0.114 | OrdinaryDividend |
| Jun 24, 2020 | $0.092 | OrdinaryDividend |
| Mar 25, 2020 | $0.155 | OrdinaryDividend |
| Dec 24, 2019 | $0.196 | OrdinaryDividend |
| Sep 24, 2019 | $0.112 | OrdinaryDividend |
| Jun 24, 2019 | $0.155 | OrdinaryDividend |
| Mar 25, 2019 | $0.121 | OrdinaryDividend |
| Dec 24, 2018 | $0.161 | OrdinaryDividend |
| Sep 24, 2018 | $0.118 | OrdinaryDividend |
| Jun 25, 2018 | $0.105 | OrdinaryDividend |
| Mar 23, 2018 | $0.086 | OrdinaryDividend |
| Dec 21, 2017 | $0.221 | OrdinaryDividend |
| Sep 22, 2017 | $0.095 | OrdinaryDividend |
GSSC - Fund Manager Analysis
Managers
Raj Garigipati
Start Date
Tenure
Tenure Rank
Jun 28, 2017
4.93
4.9%
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 | 49.61 | 7.18 | 2.58 |
