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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$113.60

$177 M

0.00%

0.45%

Vitals

YTD Return

18.5%

1 yr return

30.3%

3 Yr Avg Return

4.0%

5 Yr Avg Return

13.9%

Net Assets

$177 M

Holdings in Top 10

21.0%

52 WEEK LOW AND HIGH

$113.4
$81.73
$113.60

Expenses

OPERATING FEES

Expense Ratio 0.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 136.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$113.60

$177 M

0.00%

0.45%

GVIP - Profile

Distributions

  • YTD Total Return 18.5%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 13.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Goldman Sachs Hedge Industry VIP ETF
  • Fund Family Name
    Goldman Sachs Fund Complex
  • Inception Date
    Nov 01, 2016
  • Shares Outstanding
    1900000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Raj Garigipati

Fund Description

The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index.The Index is designed to deliver exposure to equity securities whose performance is expected to influence the long portfolios of hedge funds. Such equity securities are defined as those that appear most frequently among the top ten equity holdings of U.S. hedge fund managers that select their investments based upon fundamental analysis. Goldman Sachs Asset Management, L.P. (the “Index Provider”) is the provider of the Index, which is constructed in accordance with a rules-based methodology. Hedge fund managers report their U.S. equity holdings, which are made public 45 days after the end of each calendar quarter. The Index is normally reconstituted and rebalanced on a quarterly basis once the information has been fully disseminated. The construction of the Index involves accessing the identifiers and share counts of U.S. equity holdings disclosed by hedge fund managers in their quarterly 13F filings with the Securities and Exchange Commission (“SEC”). The Index is constructed to then apply share prices at the time of data collection to the numbers of shares listed in each 13F disclosure filing to calculate the dollar market value of each reported position. U.S. hedge fund managers that select their investments based upon fundamental analysis are assumed to be U.S. hedge fund managers with no fewer than 10 and no more than 200 distinct U.S. equity positions, as reported in the hedge fund managers’ most recent Form 13F filings. Managers with less than $10 million of disclosed equity assets are excluded. The equity positions are then ranked within each individual hedge fund manager’s portfolio by descending market value. The approximately 50 stocks that appear most frequently in the top 10 holdings of this universe then become the Index constituents. Constituents are equal dollar-weighted at each rebalance. Given the Fund’s investment objective of attempting to track the Index, the Fund does not follow traditional methods of active investment management, which may involve buying and selling securities based upon analysis of economic and market factors.The Index does not include hedge funds (i.e., unlisted, privately offered funds) and is not designed to approximate the performance of any hedge fund manager, hedge fund or group of hedge fund managers or hedge funds. The Index should not be considered a hedge fund replication strategy. As December 1, 2023, the Index consisted of 49 securities with a market capitalization range of between approximately $5.5 billion and $3 trillion. The components of the Index may change over time. The percentage of the portfolio exposed to any asset class will vary from time to time as the weightings of the securities within the Index change, and the Fund may not be invested in each asset class at all times.The Fund seeks to invest in the Index components in approximately the same weighting that such components have within the Index at the applicable time. However, under various circumstances, it may not be possible or practicable to purchase all of the securities in the Index in the approximate Index weight. In these circumstances, the Fund may purchase a sample of securities in the Index. There may also be instances in which the Investment Adviser may choose to underweight or overweight a security in the Fund’s Index, purchase securities not in the Fund’s Index that the Investment Adviser believes are appropriate to substitute for certain securities in such Index or utilize various combinations of other available investment techniques.The Fund may concentrate its investments (i.e., hold more than 25% of its total assets) in a particular industry or group of industries to the extent that the Index is concentrated. The degree to which components of the Index represent certain sectors or industries may change over time.THE FUND IS NOT A HEDGE FUND AND DOES NOT INVEST IN HEDGE FUNDS.
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GVIP - Performance

Return Ranking - Trailing

Period GVIP Return Category Return Low Category Return High Rank in Category (%)
YTD 18.5% -5.6% 37.7% 65.88%
1 Yr 30.3% -14.9% 63.9% 51.32%
3 Yr 4.0%* -30.8% 24.7% 77.07%
5 Yr 13.9%* -15.7% 29.0% 66.57%
10 Yr N/A* -5.6% 20.0% 78.67%

* Annualized

Return Ranking - Calendar

Period GVIP Return Category Return Low Category Return High Rank in Category (%)
2023 38.1% -74.1% 72.4% 33.33%
2022 -32.0% -85.9% 4.7% 37.01%
2021 11.9% -52.4% 60.5% 36.17%
2020 43.8% -34.3% 145.0% 13.80%
2019 29.1% -21.8% 49.4% 23.47%

Total Return Ranking - Trailing

Period GVIP Return Category Return Low Category Return High Rank in Category (%)
YTD 18.5% -5.6% 37.7% 65.88%
1 Yr 30.3% -14.9% 63.9% 51.32%
3 Yr 4.0%* -30.8% 24.7% 77.07%
5 Yr 13.9%* -15.7% 29.0% 66.57%
10 Yr N/A* -5.6% 20.0% N/A

* Annualized

Total Return Ranking - Calendar

Period GVIP Return Category Return Low Category Return High Rank in Category (%)
2023 39.1% -4.6% 72.4% 45.50%
2022 -31.9% -61.7% 5.6% 60.13%
2021 11.9% -39.8% 118.1% 85.68%
2020 44.1% 2.8% 149.2% 23.66%
2019 30.2% -5.2% 49.4% 73.87%

GVIP - Holdings

Concentration Analysis

GVIP Category Low Category High GVIP % Rank
Net Assets 177 M 242 K 269 B 81.52%
Number of Holdings 52 2 3211 62.40%
Net Assets in Top 10 36 M 109 K 129 B 90.45%
Weighting of Top 10 21.00% 0.7% 205.0% 98.86%

Top 10 Holdings

  1. CRH PLC 2.22%
  2. Advanced Micro Devices Inc 2.12%
  3. Tempur Sealy International Inc 2.11%
  4. General Electric Co 2.10%
  5. NVIDIA Corp 2.10%
  6. Salesforce Inc 2.10%
  7. Tenet Healthcare Corp 2.08%
  8. First Citizens BancShares Inc/NC 2.07%
  9. Builders FirstSource Inc 2.05%
  10. Pioneer Natural Resources Co 2.05%

Asset Allocation

Weighting Return Low Return High GVIP % Rank
Stocks
99.93% 0.00% 134.69% 7.71%
Cash
0.07% 0.00% 173.52% 86.42%
Preferred Stocks
0.00% 0.00% 8.99% 25.77%
Other
0.00% -44.39% 49.06% 34.09%
Convertible Bonds
0.00% 0.00% 1.94% 16.20%
Bonds
0.00% 0.00% 104.29% 19.89%

Stock Sector Breakdown

Weighting Return Low Return High GVIP % Rank
Technology
29.38% 0.00% 65.70% 71.39%
Communication Services
19.99% 0.00% 66.40% 3.70%
Consumer Cyclical
10.31% 0.00% 62.57% 83.19%
Financial Services
10.23% 0.00% 43.06% 40.85%
Energy
10.17% 0.00% 41.09% 2.90%
Industrials
10.11% 0.00% 30.65% 11.18%
Healthcare
9.80% 0.00% 39.76% 77.55%
Utilities
0.00% 0.00% 16.07% 38.82%
Real Estate
0.00% 0.00% 16.05% 72.62%
Consumer Defense
0.00% 0.00% 25.50% 87.24%
Basic Materials
0.00% 0.00% 18.91% 76.94%

Stock Geographic Breakdown

Weighting Return Low Return High GVIP % Rank
US
99.93% 0.00% 134.69% 6.05%
Non US
0.00% 0.00% 74.83% 40.58%

GVIP - Expenses

Operational Fees

GVIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.01% 28.71% 90.33%
Management Fee 0.45% 0.00% 1.50% 18.80%
12b-1 Fee 0.00% 0.00% 1.00% 3.19%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

GVIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GVIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GVIP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 136.00% 0.00% 316.74% 94.73%

GVIP - Distributions

Dividend Yield Analysis

GVIP Category Low Category High GVIP % Rank
Dividend Yield 0.00% 0.00% 27.58% 27.11%

Dividend Distribution Analysis

GVIP Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

GVIP Category Low Category High GVIP % Rank
Net Income Ratio -0.08% -6.13% 3.48% 30.97%

Capital Gain Distribution Analysis

GVIP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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GVIP - Fund Manager Analysis

Managers

Raj Garigipati


Start Date

Tenure

Tenure Rank

Nov 01, 2016

5.58

5.6%

Mr. Garigipati joined the ETF Portfolio Management team in 2015. Mr. Garigipati joined Goldman Sachs in 2003 as a Technology audit analyst in the Internal Audit department covering the Investment Management Division and later was the global audit lead for GSAM before joining the QIS team in 2011 as the Chief Risk Officer. Prior to joining the ETF Portfolio Management team, he had been the Chief Risk Officer of the Quantitative Investment Strategies team since 2011. He joined Goldman Sachs in 2003.

Matthew Maillet


Start Date

Tenure

Tenure Rank

Apr 04, 2022

0.16

0.2%

Mr. Maillet is a portfolio manager on the ETF Portfolio Management team within GSAM’s QIS platform. He joined QIS in 2015 as a deputy chief operating officer where he was named a vice president in 2016, and subsequently joined the ETF Portfolio Management team in 2018.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.23 3.08