GSEE

Goldman Sachs MarketBeta Emerging Markets Equity ETF

GSEE tracks an index of emerging markets equities, selected and weighted by market capitalization.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

124.8 M

ASSETS UNDER MGMT

36 bp

EXPENSES
Fund Basics
Fund sponsorGoldman Sachs
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateMay 12, 2020
Assets (mns)$125
Expense ratio36 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC 8.3 %
SAMSUNG ELECTRONICS CO LTD 3.5 %
TENCENT HOLDINGS LTD 3.4 %
RELIANCE INDS-SPONS GDR 144A 2.4 %
ALIBABA GROUP HOLDING LTD. 1.8 %
HDFC BANK LIMITED 1.3 %
PINDUODUO, INC. SPONSORED ADR CLASS A 1.0 %
INTERNATIONAL HOLDINGS COMPANY PJSC 1.0 %
INFOSYS TECHNOLOGIES LTD 1.0 %
HYNIX SEMICONDUCTOR INC 0.9 %
Constituent Breakdown
Number of holdings1860
Herfindahl-Hirschman Index 122
Wgt avg mkt cap (mns)$148,192
Large cap (>$10bn)78.3%
Mid cap ($2-10bn)19.8%
Small cap (<$2bn)1.1%
Developed mkts.6.0%
Emerging mkts.94.0%
Country Exposure
INDIA 20.5 %
CHINA 20.3 %
TAIWAN 18.1 %
SOUTH KOREA 11.4 %
BRAZIL 4.1 %
SAUDI ARABIA 3.6 %
SOUTH AFRICA 2.2 %
UAE 2.1 %
MEXICO 1.9 %
INDONESIA 1.6 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 11.0% 21.0% 15.8% -0.4% -- -- 5.5%
Volatility 12.9% 13.9% 16.4% 17.6% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.6446%
MSCI EAFE0.7764%
MSCI Emg Mkts0.9899%
Liquidity Measures
Avg. volume (000)8
Turnover0.3%
Avg. Bid/Ask (% of price)0.73%
ADV of underlying (mns)$233,710
Technical Indicators
Recent close$48.95
30d moving avg.$45.78
Annualized volatility16.9%
Relative strength (RSI)55
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: GSEE 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 --%
1.3 12.1 1.6 2.6% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GSEE



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™

GSEE

7.4%

Cat. Avg

7.3%


ALTAR Score™ Calculation

Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.3% and a standard deviation of 4.0%. GSEE's ALTAR Score™ is approximately 0.0 standard deviations above the category average. This places GSEE in the 51st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
GSEE (36 bp) Percentile rank 16
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GSEE 36.0 72.7 108.7
Peer Avg. 46.3 38.1 84.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .