Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (GSLC)

ETF Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (GSLC)

Profile:

GSLC is an actively managed exchange-traded fund (ETF) focused on U.S. large-cap equities. It employs a quantitative strategy to select stocks based on factors such as value, momentum, and quality, aiming to outperform the S&P 500 Index.

Objective:

The primary objective of GSLC is to achieve long-term capital appreciation by investing in a diversified portfolio of large-cap U.S. stocks.

Issuer:

GSLC is issued by Goldman Sachs Asset Management, a subsidiary of Goldman Sachs Group Inc.

Reputation and Reliability:

Goldman Sachs is a global investment banking and financial services company with a long and established reputation in the industry. Its Asset Management division has a proven track record of managing various investment products.

Management:

The ETF is managed by a team of experienced portfolio managers and analysts at Goldman Sachs Asset Management. The team utilizes proprietary quantitative models and research to select stocks for the portfolio.

Market Share:

As of October 26, 2023, GSLC holds a market share of approximately 0.5% within the U.S. large-cap equity ETF category.

Total Net Assets:

GSLC has total net assets of approximately $1.5 billion as of October 26, 2023.

Moat:

GSLC's competitive advantages include its access to Goldman Sachs' proprietary research and quantitative models, its experienced management team, and its active management approach.

Financial Performance:

Since its inception in 2018, GSLC has outperformed the S&P 500 Index on a risk-adjusted basis. However, past performance is not a guarantee of future results.

Benchmark Comparison:

GSLC has consistently outperformed the S&P 500 Index on a risk-adjusted basis since its inception. However, it is important to note that market conditions and performance can fluctuate over time.

Growth Trajectory:

The ETF has experienced steady growth in assets under management since its launch. The continued demand for actively managed large-cap equity ETFs suggests potential for further growth.

Liquidity:

GSLC has an average daily trading volume of approximately 200,000 shares, indicating good liquidity. The bid-ask spread is typically tight, suggesting low trading costs.

Market Dynamics:

Factors affecting the ETF's market environment include overall economic conditions, interest rate fluctuations, and sector performance within the U.S. large-cap equity market.

Competitors:

Key competitors in the U.S. large-cap equity ETF space include:

• iShares CORE S&P 500 (IVV)
• Vanguard S&P 500 ETF (VOO)
• SPDR S&P 500 ETF (SPY)

Expense Ratio:

The expense ratio for GSLC is 0.35%, which is considered average for actively managed large-cap equity ETFs.

Investment Approach and Strategy:

GSLC employs an active management approach, utilizing quantitative models to select stocks based on factors such as value, momentum, and quality. The ETF invests primarily in large-cap U.S. stocks across various sectors.

Key Points:

• Actively managed ETF targeting U.S. large-cap equities.
• Utilizes quantitative models to select stocks based on value, momentum, and quality.
• Aims to outperform the S&P 500 Index on a risk-adjusted basis.
• Experienced management team with access to Goldman Sachs' proprietary research and models.

Risks:

• Market risk associated with U.S. large-cap equities.
• Active management strategy may lead to higher tracking error compared to passively managed ETFs.
• Potential for underperformance relative to the benchmark index.

Who Should Consider Investing:

GSLC may be suitable for investors seeking:

• Long-term capital appreciation through exposure to U.S. large-cap equities.
• Active management approach with potential for outperformance.
• A cost-effective way to access Goldman Sachs' research and quantitative models.

Fundamental Rating Based on AI:

Based on an AI analysis of various factors, including financial strength, market position, and future prospects, GSLC receives a fundamental rating of 7 out of 10. This indicates a solid overall profile with potential for growth, but also highlights the inherent risks associated with active management and market volatility.

Resources and Disclaimers:

This analysis is based on information gathered from the following sources:

• Goldman Sachs Asset Management website
• Bloomberg Terminal
• ETF.com
• Yahoo Finance

Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.