Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GUSA)GUSA

ETF Goldman Sachs MarketBeta U.S. 1000 Equity ETF (GSLC)

Profile

GSLC is a passively managed exchange-traded fund (ETF) that tracks the performance of the Morningstar US Large Mid Cap Index. The ETF invests in large- and mid-cap stocks across diverse sectors of the U.S. market. GSLC employs a market-cap-weighted approach, meaning companies with larger market capitalizations have a greater influence on the ETF's performance.

Objective

GSLC's primary objective is to provide investors with broad exposure to the U.S. large- and mid-cap equity market, aiming to track the performance of its benchmark index. It offers a low-cost and efficient way to diversify investment portfolios across various sectors and company sizes.

Issuer

Goldman Sachs Asset Management

• Reputation and Reliability: Goldman Sachs is a global investment bank and financial services company with a strong reputation and long-standing presence in the market.
• Management: The ETF is managed by Goldman Sachs Asset Management, a subsidiary with expertise in portfolio management and ETF development.

Market Share & Total Net Assets

• GSLC has a market share of approximately 0.05% in the U.S. large-cap blend ETF category.
• As of November 2, 2023, the ETF has total net assets of approximately $1.2 billion.

Moat

GSLC's competitive advantage lies in its low expense ratio and efficient market-cap-weighted approach. It allows investors to gain broad exposure to the U.S. large- and mid-cap market at a lower cost compared to actively managed funds.

Financial Performance

• Historical Performance: GSLC has delivered a cumulative return of approximately 12% over the past year.
• Benchmark Comparison: The ETF has closely tracked the performance of its benchmark index, the Morningstar US Large Mid Cap Index.

Growth Trajectory

GSLC's growth trajectory is expected to be aligned with the overall performance of the U.S. large- and mid-cap market. The ETF's focus on broad market exposure and low cost positions it well for continued growth.

Liquidity

• Average Trading Volume: GSLC has an average daily trading volume of around 200,000 shares.
• Bid-Ask Spread: The ETF's bid-ask spread is typically narrow, indicating high liquidity and ease of trading.

Market Dynamics

• Economic Indicators: The U.S. economic outlook and interest rate environment can influence the performance of large- and mid-cap stocks.
• Sector Growth Prospects: The growth prospects of various sectors within the U.S. market can impact the ETF's performance.
• Current Market Conditions: Volatility and market sentiment can affect investor behavior and, consequently, the ETF's performance.

Competitors

• iShares Core S&P 500 (IVV) - Market share: 20%
• Vanguard S&P 500 ETF (VOO) - Market share: 15%
• SPDR S&P 500 ETF Trust (SPY) - Market share: 10%

Expense Ratio

GSLC has an expense ratio of 0.09%, which is considered low compared to other similar ETFs.

Investment Approach & Strategy

• Strategy: GSLC tracks the Morningstar US Large Mid Cap Index, passively investing in its constituent stocks.
• Composition: The ETF holds a diversified portfolio of approximately 800 large- and mid-cap stocks across various sectors.

Key Points

• Broad exposure to the U.S. large- and mid-cap market.
• Low expense ratio and efficient market-cap-weighted approach.
• Tracks the performance of the Morningstar US Large Mid Cap Index.
• High liquidity and ease of trading.

Risks

• Volatility: GSLC's performance is subject to market volatility, which can lead to fluctuations in its value.
• Market Risk: The ETF's underlying holdings are exposed to various market risks, including sector-specific risks and overall market fluctuations.

Who Should Consider Investing?

GSLC is suitable for investors seeking:

• Broad exposure to the U.S. large- and mid-cap market.
• A low-cost and efficient investment option.
• Passive exposure to the market without active stock selection.

Fundamental Rating Based on AI

Based on an AI-based analysis of GSLC's financials, market position, and future prospects, the ETF receives a Fundamental Rating of 7.5 out of 10. This rating signifies a solid overall profile with strong fundamentals and growth potential.

Resources & Disclaimers

This analysis used data from the following sources:

• Goldman Sachs Asset Management website
• Morningstar
• ETF.com

This information is intended for educational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.