GDOC

Goldman Sachs Future Health Care Equity ETF

GDOC is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally.


Global

EQUITY

Active

MANAGEMENT STYLE

22.8 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorGoldman Sachs
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateNov 09, 2021
Assets (mns)$23
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ELI LILLY & CO 10.4 %
ASTRAZENECA PLC 6.2 %
BOSTON SCIENTIFIC CORP 5.9 %
NOVO NORDISK A/S-B 5.8 %
INTUITIVE SURGICAL INC 5.0 %
ABBVIE INC 4.7 %
AMGEN INC 4.6 %
DANAHER CORP 3.8 %
METTLER-TOLEDO INTERNATIONAL 3.4 %
NEUROCRINE BIOSCIENCES INC 3.4 %
Constituent Breakdown
Number of holdings43
Herfindahl-Hirschman Index 420
Wgt avg mkt cap (mns)$199,147
Large cap (>$10bn)89.9%
Mid cap ($2-10bn)8.8%
Small cap (<$2bn)0.5%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 73.5 %
BRITAIN 6.8 %
DENMARK 6.6 %
AUSTRALIA 3.0 %
SWITZERLAND 3.0 %
JAPAN 2.9 %
NETHERLANDS 1.7 %
FRANCE 0.6 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 6.4% 15.4% 10.9% -- -- -- -2.9%
Volatility 12.3% 13.3% 17.4% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9068%
MSCI EAFE0.8255%
MSCI Emg Mkts0.5525%
Liquidity Measures
Avg. volume (000)2
Turnover0.3%
Avg. Bid/Ask (% of price)0.20%
ADV of underlying (mns)$12,381
Technical Indicators
Recent close$35.06
30d moving avg.$36.43
Annualized volatility19.8%
Relative strength (RSI)59
Short interest (ETF)0.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: GDOC vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
3.9 28.1 4.1 0.9% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GDOC



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

GDOC

3.4%

Cat. Avg

4.1%


ALTAR Score™ Calculation

Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.6%. GDOC's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places GDOC in the 44th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

GDOC
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Global Equity ETFs
# of ETFs 118
Avg. Expense Ratio 73.5 bp
Std. Deviation 29.8 bp
GDOC (75 bp) Percentile rank 54
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GDOC 75.0 20.0 95
Peer Avg. 75.5 38.1 113.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .