GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity

GSLC tracks an index of US large-cap stocks comprising 4 subindexes: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each subindex receives equal weight.


6.5%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 59th

NEUTRAL

Recommendation
 
Fund Basics
Fund sponsorGoldman Sachs
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 21, 2015
Assets (mns)$4,912
Expense ratio9 bp
CurrencyUSD
Constituent Breakdown
No. of constituents449
Herfindahl-Hirschman Index 62
Wgt avg mkt cap (mns)$185,147
Large cap (>$10bn)97.2%
Mid cap ($2-10bn)2.8%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Smart-betaYes
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 3.4 %
APPLE INC 2.9 %
AMAZON.COM INC 2.5 %
FACEBOOK 1.5 %
JOHNSON & JOHNSON 1.3 %
JPMORGAN CHASE & CO 1.2 %
ALPHABET INC. CLASS C 1.1 %
ALPHABET INC. CLASS A 1.1 %
EXXON MOBIL CORP 0.9 %
HOME DEPOT INC 0.9 %
Sector Breakdown
Country Exposure
UNITED STATES 97.5 %
IRELAND 1.3 %
SWITZERLAND 0.5 %
BRITAIN 0.2 %
BERMUDA 0.1 %
Historical Performance


Standardized Annual Returns (as of 04/30/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
17.8% 12.4% 13.7% 14.3% 0.0% 0.0% 14.0%
Market Correlations
versus...BetaR-squared
S&P 5000.9999%
MSCI EAFE0.7857%
MSCI Emg Mkts0.4935%
Liquidity Measures
Avg. volume (000)268
Turnover0.3%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$157,155
Technical Indicators
Recent close$56.59
30d moving avg.$57.94
Annualized volatility10.9%
Relative strength (RSI)43
Short interest (ETF)0.0%
Short interest (underlying)3.0%
Distributions
Total Cost of Ownership Detail
  GSLC Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. GSLC
Expenses
vs. GSLC
ALTAR Score™
vs. GSLC
VV Vanguard Large-Cap ETF 74.4% -4 bp -0.4%
PBUS Invesco PureBeta MSCI USA 74.3% -5 bp -0.3%
BBUS JP Morgan Betabuilders U.S. Equity 74.1% -7 bp -0.4%
JHML John Hancock Multifactor Large Cap 73.9% +26 bp -0.3%
SCHX Schwab U.S. Large-Cap 73.8% -6 bp -0.4%
VOO Vanguard S&P 500 ETF 73.4% -5 bp -0.3%
SPY S&P 500 SPDR 73.3% +0 bp -0.4%
PBP Invesco S&P 500 Buy/Write 73.3% +40 bp -0.9%
IVV iShares Core S&P 500 73.3% -5 bp -0.4%
HSPX Global X S&P 500 Covered Call 73.2% +56 bp -0.9%
VONE Vanguard Russell 1000 72.8% +3 bp -0.5%
IWB iShares Russell 1000 72.8% +6 bp -0.5%
SCHK Schwab 1000 Index 72.7% -4 bp -0.4%
IYY iShares DJ US Total Market 72.2% +11 bp -0.6%
SPXE ProShares S&P 500 Ex-Energy 72.0% +18 bp -0.4%
SFY SoFi Select 500 71.5% -9 bp -0.7%
SPLG SPDR Portfolio Large Cap 71.0% -6 bp -0.5%
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 70.8% +11 bp -0.3%
SCHB Schwab U.S. Broad Market 70.7% -6 bp -0.5%
VTI Vanguard Total Market 70.6% -5 bp -0.6%

Content on this tab for Individual & Professional subscribers only

Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

GSLC

6.5%

Cat. Avg

6.0%

Fund Category: US Equities

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

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.

Category Overview
There are 678 funds in the US Equities category, with an average ALTAR Score™ of 6.0% and a standard deviation of 2.4%. GSLC's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places GSLC in the 59th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
GSLC
Peer Average
SELL
U/W
HOLD
O/W
BUY



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

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Where to Trade GSLC
Commission
on GSLC1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$1.00 54
$4.95 500
$4.95 357
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.