GSEE

Goldman Sachs MarketBeta Emerging Markets Equity ETF

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


Passive, Diverse

MANAGEMENT MATRIX

DBEM

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGoldman Sachs
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateMay 12, 2020
Assets (mns)$35
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 6.3 %
TENCENT HOLDINGS LTD 4.7 %
SAMSUNG ELECTRONICS CO LTD 3.6 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 3.2 %
MEITUAN DIANPING 1.7 %
RELIANCE INDUSTRIES LTD 1.2 %
ISHARES MSCI MALAYSIA ETF 1.1 %
INFOSYS TECHNOLOGIES LTD 1.0 %
NASPERS LTD-N SHS 1.0 %
JD.COM INC-ADR 0.9 %
Constituent Breakdown
Number of holdings1328
Herfindahl-Hirschman Index 111
Wgt avg mkt cap (mns)$124,277
Large cap (>$10bn)76.8%
Mid cap ($2-10bn)17.5%
Small cap (<$2bn)1.0%
Developed mkts.7.0%
Emerging mkts.92.3%
Country Exposure
CHINA 30.3 %
TAIWAN 14.6 %
INDIA 13.3 %
SOUTH KOREA 11.9 %
BRAZIL 5.0 %
SAUDI ARABIA 3.6 %
RUSSIA 3.6 %
SOUTH AFRICA 3.3 %
MEXICO 2.0 %
HONG KONG 2.0 %
Historical Performance


Standardized Annual Returns (as of 09/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-1.4% 15.7% -- -- -- -- 21.1%
Market Correlations
versus...BetaR-squared
S&P 5000.5230%
MSCI EAFE0.5135%
MSCI Emg Mkts0.9096%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.19%
ADV of underlying (mns)$98,972
Technical Indicators
Recent close$53.90
30d moving avg.$53.44
Annualized volatility14.0%
Relative strength (RSI)43
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)

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
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
  2020 2021E Fwd Est 2022E
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 --%
1.4 13.3 1.7 2.8% --
Based on closing prices from 10/21/2021
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

GSEE

6.5%

Cat. Avg

7.7%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.5%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 170 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.7% and a standard deviation of 4.2%. GSEE's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places GSEE in the 39th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
GSEE
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GSEE 36.0 19.4 55.4
Peer Avg. 33.1 12.6 45.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.