GEM vs. GXUS ETF Comparison

Comparison of Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) to Goldman Sachs MarketBeta Total International Equity ETF (GXUS)

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

$33.16

Average Daily Volume

68,074

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GXUS

Goldman Sachs MarketBeta Total International Equity ETF

GXUS Description

GXUS is a passively managed fund that offers broad-based, vanilla exposure to the global ex-US equity space. The fund holds large- and mid-cap stocks, representing 85% of the free-float market capitalization of developed and emerging markets, excluding the US. Constituents are selected and weighted based on their market capitalization. The funds adviser employs tax management strategies such as in-kind redemptions and tax lot selection, to generally minimize taxable capital gain distributions. The index reconstitutes on a semi-annual basis in May and November. Since the objective of the fund is to track an index, buy and sell decisions do not take into consideration analysis of economic or market factors. The portfolio may become concentrated at times. However, the funds adviser may over- or underweight positions in the index if considered to be appropriate.

Grade (RS Rating)

Last Trade

$44.72

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GEM	GXUS
30 Days	-3.80%	-2.48%
60 Days	-1.37%	-4.10%
90 Days	-1.13%	-3.75%
12 Months	12.15%	11.23%

36 Overlapping Holdings

Symbol	Grade	Weight in GEM	Weight in GXUS	Overlap
ABEV	F	0.07%	0.04%	0.04%
ASAI	F	0.04%	0.03%	0.03%
ATHM	D	0.07%	0.01%	0.01%
BABA	D	1.93%	0.67%	0.67%
BCH	F	0.09%	0.02%	0.02%
BEKE	D	0.05%	0.05%	0.05%
BGNE	D	0.11%	0.04%	0.04%
BIDU	F	0.15%	0.09%	0.09%
BRFS	D	0.04%	0.01%	0.01%
BZ	F	0.03%	0.01%	0.01%
CHT	D	0.06%	0.05%	0.05%
CSAN	F	0.04%	0.01%	0.01%
ERJ	B	0.05%	0.02%	0.02%
GGB	C	0.09%	0.02%	0.02%
HDB	C	0.46%	0.42%	0.42%
IBN	C	0.8%	0.29%	0.29%
IQ	F	0.03%	0.0%	0.0%
KB	B	0.27%	0.09%	0.09%
KEP	B	0.04%	0.02%	0.02%
KT	A	0.09%	0.01%	0.01%
LI	F	0.06%	0.05%	0.05%
LPL	F	0.04%	0.01%	0.01%
NU	C	0.14%	0.18%	0.14%
PAGS	F	0.03%	0.01%	0.01%
PDD	F	0.75%	0.27%	0.27%
QFIN	B	0.2%	0.01%	0.01%
SHG	D	0.2%	0.07%	0.07%
SKM	D	0.22%	0.01%	0.01%
TAL	F	0.06%	0.02%	0.02%
TCOM	B	0.18%	0.13%	0.13%
TME	D	0.1%	0.03%	0.03%
UMC	F	0.18%	0.06%	0.06%
VALE	F	0.41%	0.14%	0.14%
VIPS	F	0.2%	0.02%	0.02%
WIT	A	0.21%	0.04%	0.04%
XP	F	0.05%	0.02%	0.02%

GEM Overweight 4 Positions Relative to GXUS

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

GEM Underweight 57 Positions Relative to GXUS

Symbol	Grade	Weight
NVS	D	-0.74%
TM	D	-0.71%
HSBH	B	-0.61%
UL	D	-0.52%
MUFG	B	-0.49%
SHOP	B	-0.47%
SONY	B	-0.42%
TD	F	-0.37%
SMFG	B	-0.33%
ABBV	D	-0.33%
DEO	F	-0.25%
CNI	D	-0.23%
MFG	B	-0.21%
NXPI	D	-0.21%
BCS	C	-0.18%
WCN	A	-0.17%
LYG	F	-0.16%
SE	B	-0.14%
HMC	F	-0.14%
ARGX	A	-0.13%
E	F	-0.12%
GOLD	D	-0.11%
STLA	F	-0.1%
NMR	B	-0.07%
AER	B	-0.07%
CHKP	D	-0.06%
CCEP	C	-0.06%
ICLR	D	-0.06%
RBA	A	-0.06%
CYBR	B	-0.05%
XRX	F	-0.05%
WIX	B	-0.04%
BNTX	D	-0.04%
GRAB	B	-0.04%
HTHT	D	-0.03%
XPEV	C	-0.03%
OTEX	D	-0.03%
MNDY	C	-0.03%
WFG	D	-0.02%
MMYT	B	-0.02%
BILI	D	-0.02%
NIO	F	-0.02%
AGCO	D	-0.02%
FUTU	D	-0.02%
YMM	C	-0.02%
SBLK	F	-0.01%
ATAT	C	-0.01%
STNE	F	-0.01%
ZIM	C	-0.01%
GDS	C	-0.01%
TIGO	D	-0.01%
SBSW	D	-0.01%
FRO	F	-0.01%
MBAVU	D	-0.01%
GLBE	B	-0.01%
WB	D	-0.0%
CLBT	B	-0.0%