The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is Goldman’s contribution to the crowded universe of large-cap equity ETFs. GSLC tracks a proprietary index that takes a multi-factor approach, looking for stocks that exhibit good value, strong momentum, high quality, and low volatility.
GSLC’s 2015 debut made a splash by charging an ultra-low management fee. At just 9 basis points, it was significantly cheaper than the smart-beta competition, and exactly the same price as the plain-vanilla SPDR S&P 500 ETF Trust (SPY), the first and largest ETF on the market. It was a cheeky publicity move — and it worked. GSLC quickly picked up considerable assets, a notable success for a late-mover. Other multi-factor funds come with a higher price tag, which could be a turn-off for cost conscious investors. GSLC’s low management fee makes it contender for a core portfolio allocation to U.S. large-cap stocks.
Top holdings include Microsoft, Apple, Amazon, and Johnson & Johnson. Like most U.S. large-cap funds, the portfolio tilts toward tech stocks. Though past performance is no guarantee of future results, GSLC has had higher returns than plain-vanilla U.S. equity funds like SPY and the cheaper iShares S&P 500 ETF (IVV). Investors can also run comparisons against other multi-factor ETFs, like the Invesco S&P 500 High Dividend Low Volatility ETF (SPHD).
| Segment | Equity: U.S. - Large Cap |
| Category | Size and Style |
| Focus | Large Cap |
| Niche | Broad-based |
| Strategy | Multi-factor |
| Weighting Scheme | Tiered |
This section compares how balanced and deep this ETF is relative to its peers.
| GSLC | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 444 | 372 | 143 |
| % of Assets in Top 10 | 25.64% | 40.14% | 56.59% |
| % of Assets in Top 15 | 29.78% | 48.15% | 60.96% |
| % of Assets in Top 50 | 48.20% | 74.77% | 77.40% |
| GSLC | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 96.59% | 85.00% | 48.81% |
| Mid (>2.7B) | 3.41% | 7.30% | 4.54% |
| Small (>600M) | 0.00% | 0.75% | 0.10% |
| Micro (<600M) | 0.00% | 0.11% | 0.00% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| GSLC | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.28 | $ 0.32 | $ 0.17 |
| Dividend Date | 2023-03-27 | N/A | N/A |
| Annual Dividend Rate | $ 1.22 | $ 0.94 | $ 0.61 |
| Annual Dividend Yield | 1.47% | 1.31% | 1.30% |
View charts featuring GSLC price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -16.3 M 1 Month Net Flows: -100.46 M 3 Month Net Flows: -239.59 M 6 Month Net Flows: -303.85 M 1 Year Net Flows: -1.19 B 3 Year Net Flows: -164.05 M 5 Year Net Flows: 4.05 B 10 Year Net Flows: 6.77 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -12.6 MThe adjacent table gives investors an individual Realtime Rating for GSLC on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Large Cap Growth Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| GSLC |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 0.46% | 1.95% | 0.22% |
| 3 Month Return | 4.88% | 6.34% | 2.88% |
| YTD Return | 9.06% | 11.87% | 5.37% |
| 1 Year Return | 2.07% | 2.43% | 1.54% |
| 3 Year Return | 11.70% | 8.23% | 4.72% |
| 5 Year Return | 10.44% | 5.80% | 2.36% |
The following charts reflect the geographic spread of GSLC's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.67% |
| Europe | 0.37% |
| Country | Percentage |
|---|---|
| United States | 97.4% |
| Ireland | 1.47% |
| Netherlands | 0.37% |
| United Kingdom | 0.34% |
| Switzerland | 0.24% |
| Bermuda | 0.22% |
The following charts reflect the allocation of GSLC's underlying holdings.
| Sector | Percentage |
|---|---|
| Technology Services | 19.08% |
| Electronic Technology | 16.94% |
| Retail Trade | 10.49% |
| Health Technology | 10.35% |
| Finance | 9.86% |
| Consumer Non-Durables | 6.24% |
| Producer Manufacturing | 3.67% |
| Energy Minerals | 3.36% |
| Consumer Services | 3.32% |
| Health Services | 2.84% |
| Utilities | 2.8% |
| Commercial Services | 2.17% |
| Consumer Durables | 2.02% |
| Distribution Services | 1.88% |
| Process Industries | 1.64% |
| Transportation | 1.45% |
| Industrial Services | 0.66% |
| Communications | 0.66% |
| Non-Energy Minerals | 0.56% |
| Miscellaneous | 0.05% |
| Market Cap | Percentage |
|---|---|
| Large | 96.59% |
| Mid | 3.41% |
| Small | 0.0% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 100.04% |
| Sector | Percentage |
|---|---|
| Technology Services | 19.08% |
| Electronic Technology | 16.94% |
| Retail Trade | 10.49% |
| Health Technology | 10.35% |
| Finance | 9.86% |
| Consumer Non-Durables | 6.24% |
| Producer Manufacturing | 3.67% |
| Energy Minerals | 3.36% |
| Consumer Services | 3.32% |
| Health Services | 2.84% |
| Utilities | 2.8% |
| Commercial Services | 2.17% |
| Consumer Durables | 2.02% |
| Distribution Services | 1.88% |
| Process Industries | 1.64% |
| Transportation | 1.45% |
| Industrial Services | 0.66% |
| Communications | 0.66% |
| Non-Energy Minerals | 0.56% |
| Miscellaneous | 0.05% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 191.44% |
| 20 Day Volatility | 12.42% |
| 50 Day Volatility | 12.51% |
| 200 Day Volatility | 14.67% |
| Beta | 0.98 |
| Standard Deviation | 3.16% |
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