GSEU vs. VGK ETF Comparison

Comparison of Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) to Vanguard FTSE European ETF (VGK)

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF

GSEU Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Europe Equity Index (the "index"). 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 of developed markets issuers in Europe.

Grade (RS Rating)

Last Trade

$37.68

Average Daily Volume

20,342

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VGK

Vanguard FTSE European ETF

VGK Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. The fund employs an indexing investment approach by investing all, or substantially all, of its assets in the common stocks included in the FTSE Developed Europe Index. The FTSE Developed Europe Index is made up of approximately 497 common stocks of companies located in 17 European countries-mostly companies in the United Kingdom, France, Switzerland, and Germany (which made up approximately 34%, 15%, 14%, and 13%, respectively, of the index's market capitalization as of May 31, 2013).

Grade (RS Rating)

Last Trade

$69.67

Average Daily Volume

1,639,365

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GSEU	VGK
30 Days	0.32%	0.60%
60 Days	7.35%	7.34%
90 Days	1.81%	2.12%
12 Months	24.15%	26.12%

10 Overlapping Holdings

Symbol	Grade	Weight in GSEU	Weight in VGK	Overlap
ABBV	C	0.55%	0.7%	0.55%
BCS	B	0.39%	0.35%	0.35%
DEO	C	0.29%	0.56%	0.29%
E	C	0.36%	0.28%	0.28%
LOGI	D	0.38%	0.11%	0.11%
LYG	C	0.24%	0.37%	0.24%
NVS	D	1.9%	1.89%	1.89%
QGEN	F	0.21%	0.08%	0.08%
STLA	F	0.24%	0.27%	0.24%
UL	D	0.87%	1.22%	0.87%

GSEU Overweight 2 Positions Relative to VGK

	Symbol	Grade	Weight
	AER	C	0.14%
	CCEP	C	0.13%

GSEU Underweight 8 Positions Relative to VGK

Symbol	Grade	Weight
FLUT	B	-0.29%
SW	C	-0.19%
FRO	B	-0.03%
HAFN	B	-0.02%
FLNG	B	-0.01%
TRMD	D	-0.01%
GOGL	C	-0.01%
GEN	A	-0.0%