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Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
ETF
GSEW
Payout Change
Pending
Price as of:
$68.68
-0.03
-0.04%
primary theme
U.S. Large-Cap Blend Equity
GSEW (ETF)
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
Payout Change
Pending
Price as of:
$68.68
-0.03
-0.04%
primary theme
U.S. Large-Cap Blend Equity
GSEW (ETF)
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
Payout Change
Pending
Price as of:
$68.68
-0.03
-0.04%
primary theme
U.S. Large-Cap Blend Equity
Name
As of 04/18/2024Price
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
2.7%
1 yr return
15.6%
3 Yr Avg Return
3.6%
5 Yr Avg Return
10.1%
Net Assets
$606 M
Holdings in Top 10
2.6%
52 WEEK LOW AND HIGH
$68.7
$56.58
$72.81
Expenses
OPERATING FEES
Expense Ratio 0.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/18/2024Price
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
GSEW - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 10.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.39%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGoldman Sachs Equal Weight U.S. Large Cap Equity ETF
-
Fund Family NameGoldman Sachs Fund Complex
-
Inception DateSep 12, 2017
-
Shares Outstanding11450000
-
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.The Index is designed to measure the performance of equity securities of large capitalization U.S. issuers. The Index is an equal-weight version of the Solactive US Large Cap Index, a market capitalization-weighted index that includes equity securities of approximately 500 of the largest U.S. companies. The Index includes the same constituents as the Solactive US Large Cap Index. However, unlike the Solactive US Large Cap Index, in which each security is weighted based on its market value, each security in the Index is given the same weight, approximately 0.2% of the Index, at each rebalance.As of December 1, 2023, the Index consisted of 497 securities with a market capitalization range of between approximately $277.8million and $3 trillion, and an average market capitalization of approximately $83.8 billion. The Index is reconstituted on a semi-annual basis in May and November to reflect changes in the constituents of the Solactive US Large Cap Index. New securities from initial public offerings are also added on a semi-annual basis in February and August, subject to fulfillment of certain eligibility criteria. The Index is normally rebalanced on a monthly basis to weight all constituents equally.Given the Fund’s investment objective of attempting to track the 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.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. However, under various circumstances, it may not be possible or practicable to purchase all of the securities in the Index in the approximate Index weight. In these circumstances, the Fund may purchase a sample of securities in the 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 Index is owned and calculated by Solactive AG (“Solactive” or the “Index Provider”).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 the Index is concentrated. The degree to which components of the Index represent certain sectors or industries may change over time.
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GSEW - Performance
Return Ranking - Trailing
| Period | GSEW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -47.2% | 13.6% | 85.79% |
| 1 Yr | 15.6% | -38.4% | 43.3% | 80.43% |
| 3 Yr | 3.6%* | -15.0% | 26.8% | 88.77% |
| 5 Yr | 10.1%* | -2.7% | 106.3% | 82.08% |
| 10 Yr | N/A* | 2.2% | 20.5% | 79.91% |
* Annualized
Return Ranking - Calendar
| Period | GSEW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.7% | -42.6% | 47.4% | 62.62% |
| 2022 | -19.0% | -56.3% | -4.2% | 24.28% |
| 2021 | 23.7% | -27.2% | 53.7% | 20.54% |
| 2020 | 14.0% | -36.2% | 2181.7% | 36.58% |
| 2019 | 28.7% | -22.7% | 40.4% | 14.29% |
Total Return Ranking - Trailing
| Period | GSEW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -47.2% | 13.6% | 85.79% |
| 1 Yr | 15.6% | -38.4% | 43.3% | 80.43% |
| 3 Yr | 3.6%* | -15.0% | 26.8% | 88.77% |
| 5 Yr | 10.1%* | -2.7% | 106.3% | 82.08% |
| 10 Yr | N/A* | 2.2% | 20.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GSEW Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.8% | -5.0% | 47.4% | 78.67% |
| 2022 | -17.6% | -36.8% | -2.2% | 43.83% |
| 2021 | 25.4% | 3.0% | 124.3% | 63.81% |
| 2020 | 16.3% | -15.8% | 2266.0% | 54.78% |
| 2019 | 31.0% | -0.4% | 241.3% | 34.43% |
GSEW - Holdings
Concentration Analysis
| GSEW | Category Low | Category High | GSEW % Rank | |
|---|---|---|---|---|
| Net Assets | 606 M | 2.34 M | 1.55 T | 62.09% |
| Number of Holdings | 499 | 1 | 4053 | 20.72% |
| Net Assets in Top 10 | 12.5 M | 885 K | 387 B | 94.98% |
| Weighting of Top 10 | 2.61% | 0.3% | 112.0% | 99.68% |
Top 10 Holdings
- Goldman Sachs Financial Square Treasury Obligations Fund 0.29%
- Block Inc 0.29%
- Datadog Inc 0.27%
- Expedia Group Inc 0.27%
- Cloudflare Inc 0.26%
- Insulet Corp 0.25%
- DraftKings Inc 0.25%
- GoDaddy Inc 0.25%
- Palantir Technologies Inc 0.25%
- KKR Co Inc 0.25%
Asset Allocation
| Weighting | Return Low | Return High | GSEW % Rank | |
|---|---|---|---|---|
| Stocks | 99.50% | 0.00% | 124.03% | 25.82% |
| Cash | 0.50% | 0.00% | 99.06% | 71.43% |
| Preferred Stocks | 0.00% | 0.00% | 2.38% | 73.39% |
| Other | 0.00% | -13.91% | 100.00% | 81.71% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 73.07% |
| Bonds | 0.00% | -0.50% | 93.78% | 74.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GSEW % Rank | |
|---|---|---|---|---|
| Technology | 17.91% | 0.00% | 48.94% | 84.58% |
| Healthcare | 13.57% | 0.00% | 60.70% | 73.40% |
| Financial Services | 13.33% | 0.00% | 55.59% | 55.67% |
| Industrials | 12.35% | 0.00% | 29.90% | 15.89% |
| Consumer Cyclical | 9.47% | 0.00% | 30.33% | 68.05% |
| Consumer Defense | 6.53% | 0.00% | 47.71% | 59.58% |
| Real Estate | 6.21% | 0.00% | 31.91% | 3.83% |
| Utilities | 5.70% | 0.00% | 20.91% | 5.83% |
| Energy | 5.40% | 0.00% | 41.64% | 19.09% |
| Communication Services | 4.78% | 0.00% | 27.94% | 86.90% |
| Basic Materials | 4.75% | 0.00% | 25.70% | 13.50% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GSEW % Rank | |
|---|---|---|---|---|
| US | 99.50% | 0.00% | 124.03% | 20.02% |
| Non US | 0.00% | 0.00% | 62.81% | 77.00% |
GSEW - Expenses
Operational Fees
| GSEW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.09% | 0.01% | 16.07% | 95.18% |
| Management Fee | 0.09% | 0.00% | 1.89% | 9.31% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 14.89% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| GSEW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GSEW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| GSEW Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 43.00% | 0.00% | 496.00% | 71.07% |
GSEW - Distributions
Dividend Yield Analysis
| GSEW | Category Low | Category High | GSEW % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.55% | 0.00% | 25.99% | 41.70% |
Dividend Distribution Analysis
| GSEW | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Annual | Annual |
Net Income Ratio Analysis
| GSEW | Category Low | Category High | GSEW % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.39% | -54.00% | 6.06% | 8.57% |
Capital Gain Distribution Analysis
| GSEW | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.184 | OrdinaryDividend |
| Jan 02, 2024 | $0.438 | OrdinaryDividend |
| Sep 29, 2023 | $0.228 | OrdinaryDividend |
| Jun 30, 2023 | $0.281 | OrdinaryDividend |
| Mar 31, 2023 | $0.153 | OrdinaryDividend |
| Jan 03, 2023 | $0.471 | OrdinaryDividend |
| Dec 30, 2022 | $0.471 | OrdinaryDividend |
| Sep 30, 2022 | $0.115 | OrdinaryDividend |
| Jun 30, 2022 | $0.265 | OrdinaryDividend |
| Mar 31, 2022 | $0.154 | OrdinaryDividend |
| Dec 31, 2021 | $0.365 | OrdinaryDividend |
| Sep 30, 2021 | $0.198 | OrdinaryDividend |
| Jun 30, 2021 | $0.218 | OrdinaryDividend |
| Mar 31, 2021 | $0.176 | OrdinaryDividend |
| Dec 31, 2020 | $0.205 | OrdinaryDividend |
| Sep 30, 2020 | $0.204 | OrdinaryDividend |
| Jun 30, 2020 | $0.198 | OrdinaryDividend |
| Mar 31, 2020 | $0.278 | OrdinaryDividend |
| Dec 31, 2019 | $0.223 | OrdinaryDividend |
| Sep 30, 2019 | $0.193 | OrdinaryDividend |
| Jun 28, 2019 | $0.196 | OrdinaryDividend |
| Mar 29, 2019 | $0.229 | OrdinaryDividend |
| Dec 31, 2018 | $0.130 | OrdinaryDividend |
| Sep 28, 2018 | $0.181 | OrdinaryDividend |
| Jun 29, 2018 | $0.163 | OrdinaryDividend |
| Mar 29, 2018 | $0.141 | OrdinaryDividend |
| Dec 29, 2017 | $0.234 | OrdinaryDividend |
GSEW - Fund Manager Analysis
Managers
Raj Garigipati
Start Date
Tenure
Tenure Rank
Sep 12, 2017
4.72
4.7%
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 |
|---|---|---|---|
| 0.04 | 39.02 | 7.23 | 2.42 |
