GSFP
Goldman Sachs Future Planet Equity ETF
GSFP is an actively-managed fund of global companies that seek to address environmental problems.
Global
EQUITY
Active
MANAGEMENT STYLE
42.8 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2021 |
| Assets (mns) | $43 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NEXTERA ENERGY GROUP | 5.2 % |
| DSM-FIRMENICH AG | 4.7 % |
| WASTE MANAGEMENT INC | 4.5 % |
| NOVOZYMES A/S-B SHARES | 4.4 % |
| DS SMITH PLC | 4.4 % |
| SCHNEIDER ELECTRIC SA | 4.4 % |
| IBERDROLA SA | 4.3 % |
| ENEL SPA | 4.1 % |
| SMURFIT KAPPA GROUP PLC | 3.0 % |
| INFINEON TECHNOLOGIES AG | 3.0 % |
Constituent Breakdown
| Number of holdings | 45 |
| Herfindahl-Hirschman Index | 300 |
| Wgt avg mkt cap (mns) | $51,935 |
| Large cap (>$10bn) | 79.2% |
| Mid cap ($2-10bn) | 16.5% |
| Small cap (<$2bn) | 2.9% |
| Developed mkts. | 92.0% |
| Emerging mkts. | 8.0% |
Country Exposure
 |
UNITED STATES | 27.5 % |
 |
SWITZERLAND | 10.4 % |
 |
IRELAND | 9.3 % |
 |
FRANCE | 8.3 % |
 |
JAPAN | 7.6 % |
 |
DENMARK | 7.5 % |
 |
BRITAIN | 4.4 % |
 |
CHINA | 4.3 % |
 |
SPAIN | 4.3 % |
 |
ITALY | 4.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.9% | 21.5% | 6.7% | -- | -- | -- | -8.5% | Volatility | 13.8% | 14.5% | 16.7% | 20.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 80% |
| MSCI EAFE | 1.20 | 86% |
| MSCI Emg Mkts | 1.03 | 61% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $8,045 |
Technical Indicators
| Recent close | $32.90 |
| 30d moving avg. | $32.76 |
| Annualized volatility | 22.9% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GSFP |
Expenses vs. GSFP |
ALTAR Score™ vs. GSFP |
|---|---|---|---|---|
| TEMP | JPMorgan Climate Change Solutions ETF | 27.9% | -26 bp | +1.2% |
| OCEN | IQ Clean Oceans ETF | 27.1% | -30 bp | +1.8% |
| SOLR | Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund | 24.9% | +4 bp | +0.8% |
| BECO | BlackRock Future Climate and Sustainable Economy ETF | 23.7% | -5 bp | +7.8% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 21.4% | -30 bp | +1.5% |
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 21.2% | -20 bp | -1.4% |
| SMOG | VanEck Low Carbon Energy ETF | 20.5% | -14 bp | -1.8% |
| CLNR | IQ Cleaner Transport ETF | 17.3% | -30 bp | +2.6% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 15.0% | -16 bp | -0.4% |
| JXI | iShares Global Utilities ETF | 13.0% | -32 bp | +1.7% |
Risk and Returns: GSFP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
GSFP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
GSFP
4.1%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. GSFP's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places GSFP in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GSFPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| GSFP (75 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GSFP | 75.0 | 27.1 | 102.1 |
| Peer Avg. | 67.8 | 30.0 | 97.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .