Core Viewpoint - The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is a passively managed fund designed to provide broad exposure to the Large Cap Blend segment of the U.S. equity market, with significant assets under management and low operating costs [1][3]. Group 1: Fund Overview - GSLC was launched on September 17, 2015, and has accumulated over $14.42 billion in assets, making it one of the largest ETFs in its category [1]. - The fund is sponsored by Goldman Sachs Funds and aims to match the performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index [6]. Group 2: Investment Characteristics - Large cap companies typically have market capitalizations above $10 billion, offering more predictable cash flows and lower volatility compared to mid and small cap companies [2]. - Blend ETFs hold a mix of growth and value stocks, exhibiting characteristics of both types of equities [2]. Group 3: Cost Structure - GSLC has annual operating expenses of 0.09%, positioning it as one of the least expensive options in the ETF space [3]. - The ETF offers a 12-month trailing dividend yield of 1.05% [3]. Group 4: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising about 33.6% of the portfolio, followed by Financials and Consumer Discretionary [4]. - Nvidia Corp (NVDA) is the largest holding at approximately 7.04% of total assets, with Microsoft Corp (MSFT) and Apple Inc (AAPL) also among the top holdings [5]. Group 5: Performance Metrics - GSLC has increased by roughly 10.41% year-to-date and is up about 19.62% over the past year as of August 15, 2025 [6]. - The ETF has traded between $97.68 and $126.60 in the past 52 weeks [6]. Group 6: Risk Profile - The ETF has a beta of 0.99 and a standard deviation of 16.45% over the trailing three-year period, indicating a medium risk profile [7]. - With around 444 holdings, GSLC effectively diversifies company-specific risk [7]. Group 7: Competitive Landscape - GSLC holds a Zacks ETF Rank of 2 (Buy), indicating strong potential based on expected returns, expense ratio, and momentum [8]. - Other comparable ETFs include the SPDR S&P 500 ETF (SPY) and the Vanguard S&P 500 ETF (VOO), which have significantly larger assets under management [9]. Group 8: Market Trends - Passively managed ETFs are gaining popularity among both institutional and retail investors due to their low cost, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10].