Symbols

GGUS

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF·ARCA

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Key Stats

Assets Under Management

400.90MUSD

Fund Flows (1Y)

41.98MUSD

Dividend Yield

0.46%

Discount/Premium to NAV

0.06%

Shares Outstanding

6.30M

Expense Ratio

0.12%

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Issuer

Goldman Sachs Asset Management, L.P.

Brand

Goldman Sachs

Home Page

https://am.gs.com/en-us/individual/funds/detail/PV105434/38149W598/goldman-sachs-market-beta-russell-1000-growth-equity-etf

Inception Date

Nov 28, 2023

Structure

Open-Ended Fund

Index Tracked

Russell 1000 Growth 40 Act Daily Capped Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Goldman Sachs Asset Management LP

Distributor

ALPS Distributors, Inc.

GGUS is passively managed to provide capped exposure to US large-cap stocks with growth characteristics. The underlying index screens the Russell 1000 for companies with higher I/B/E/S forecasts for medium-term growth and higher sales per share historical growth. The portfolio selection starts by ranking each stock's growth factors and book-to-price ratio (B/P) to produce a composite value score (CVS). Growth stocks are determined based on their CVS and are given proportional index weights. At each quarterly rebalance, regulatory capping targets are applied such that the index caps single issuer weights at 22.5% and the aggregate weight of all companies with weight exceeding 4.5% at 22.5%. The index is monitored daily to ensure that companies with weight greater than 4.8%, in aggregate, are no more than 24%. While GGUS is considered a large-cap fund, it allocates a sizable portion of the portfolio to mid-caps due to its expansive Russell 1000 parent.