GEM vs. GSEE ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE)

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests 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 of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.15

Average Daily Volume

67,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GSEE

Goldman Sachs MarketBeta Emerging Markets Equity ETF

GSEE Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive GBS Emerging Markets Large & Mid Cap Index. The fund invests at least 80% of its assets 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 consists of equity securities of large and mid-capitalization issuers covering approximately the largest 85% of the free-float market capitalization in emerging markets.

Grade (RS Rating)

Last Trade

$45.40

Average Daily Volume

8,295

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GEM	GSEE
30 Days	-4.28%	-4.50%
60 Days	-0.55%	-1.03%
90 Days	-1.04%	-1.31%
12 Months	12.25%	11.91%

36 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in GSEE	Overlap
ABEV	F	0.07%	0.12%	0.07%
ASAI	F	0.04%	0.11%	0.04%
ATHM	C	0.07%	0.02%	0.02%
BABA	D	1.93%	2.16%	1.93%
BCH	C	0.09%	0.06%	0.06%
BEKE	D	0.05%	0.17%	0.05%
BGNE	D	0.11%	0.12%	0.11%
BIDU	F	0.15%	0.28%	0.15%
BRFS	C	0.04%	0.04%	0.04%
BZ	F	0.03%	0.05%	0.03%
CHT	C	0.06%	0.17%	0.06%
CSAN	F	0.04%	0.03%	0.03%
ERJ	A	0.05%	0.08%	0.05%
GGB	C	0.09%	0.06%	0.06%
HDB	C	0.46%	1.38%	0.46%
IBN	C	0.8%	0.94%	0.8%
IQ	F	0.03%	0.01%	0.01%
KB	B	0.27%	0.29%	0.27%
KEP	B	0.04%	0.05%	0.04%
KT	A	0.09%	0.02%	0.02%
LI	F	0.06%	0.16%	0.06%
LPL	D	0.04%	0.03%	0.03%
NU	C	0.14%	0.53%	0.14%
PAGS	F	0.03%	0.02%	0.02%
PDD	F	0.75%	0.94%	0.75%
QFIN	A	0.2%	0.03%	0.03%
SHG	C	0.2%	0.21%	0.2%
SKM	C	0.22%	0.03%	0.03%
TAL	F	0.06%	0.05%	0.05%
TCOM	B	0.18%	0.43%	0.18%
TME	D	0.1%	0.1%	0.1%
UMC	F	0.18%	0.2%	0.18%
VALE	F	0.41%	0.48%	0.41%
VIPS	F	0.2%	0.06%	0.06%
WIT	B	0.21%	0.11%	0.11%
XP	F	0.05%	0.08%	0.05%

GEM Overweight 4 Positions Relative to GSEE

Symbol	Grade	Weight
YUMC	C	0.24%
SCCO	F	0.09%
BAP	A	0.08%
BVN	D	0.03%

GEM Underweight 12 Positions Relative to GSEE

Symbol	Grade	Weight
YMM	C	-0.08%
NIO	F	-0.08%
HTHT	D	-0.08%
XPEV	C	-0.08%
MMYT	B	-0.07%
BILI	D	-0.06%
SBSW	D	-0.04%
STNE	F	-0.03%
GDS	C	-0.03%
ATAT	C	-0.02%
SBLK	F	-0.02%
WB	D	-0.01%