GTEK
Goldman Sachs Future Tech Leaders Equity ETF
GTEK actively invests in potentially growing technology companies that are believed to drive tech innovation around the world.
Global
EQUITY
Active
MANAGEMENT STYLE
167.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Goldman Sachs |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 14, 2021 |
| Assets (mns) | $168 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MARVELL TECHNOLOGY, INC. | 3.6 % |
| KLA CORPORATION | 3.5 % |
| MOTOROLA SOLUTIONS | 2.9 % |
| MICRON TECHNOLOGY INC | 2.5 % |
| CADENCE DESIGN SYS INC | 2.4 % |
| MERCADOLIBRE INC | 2.4 % |
| ANALOG DEVICES INC | 2.4 % |
| DATADOG INC CLASS A | 2.4 % |
| WORKDAY INC-CLASS A | 2.3 % |
| UNITED MICROELECTRONICS CORP | 2.3 % |
Constituent Breakdown
| Number of holdings | 65 |
| Herfindahl-Hirschman Index | 183 |
| Wgt avg mkt cap (mns) | $44,642 |
| Large cap (>$10bn) | 85.4% |
| Mid cap ($2-10bn) | 13.4% |
| Small cap (<$2bn) | 1.2% |
| Developed mkts. | 76.5% |
| Emerging mkts. | 23.5% |
Country Exposure
 |
UNITED STATES | 54.8 % |
 |
TAIWAN | 13.0 % |
 |
JAPAN | 9.6 % |
 |
CHINA | 6.1 % |
 |
INDIA | 2.9 % |
 |
ARGENTINA | 2.4 % |
 |
NETHERLANDS | 1.9 % |
 |
ISRAEL | 1.8 % |
 |
SPAIN | 1.5 % |
 |
GERMANY | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.4% | 27.6% | 21.8% | -- | -- | -- | -5.4% | Volatility | 21.3% | 21.0% | 23.3% | 28.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.29 | 75% |
| MSCI EAFE | 1.11 | 54% |
| MSCI Emg Mkts | 1.04 | 48% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.39% |
| ADV of underlying (mns) | $23,125 |
Technical Indicators
| Recent close | $32.71 |
| 30d moving avg. | $33.63 |
| Annualized volatility | 26.4% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.1% |
| 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. GTEK |
Expenses vs. GTEK |
ALTAR Score™ vs. GTEK |
|---|---|---|---|---|
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 24.1% | -18 bp | +2.0% |
| QNXT | iShares Nasdaq-100 ex Top 30 ETF | 21.3% | -55 bp | +2.6% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 21.0% | -27 bp | -0.9% |
| FDTX | Fidelity Disruptive Technology ETF | 18.9% | -25 bp | -0.1% |
| CLOD | Themes Cloud Computing ETF | 18.1% | -40 bp | -0.2% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 17.8% | -26 bp | +1.9% |
| AIVC | Amplify Bloomberg AI Value Chain ETF | 17.0% | -16 bp | +1.9% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 16.9% | -30 bp | +0.2% |
| IDAT | iShares Future Cloud 5G and Tech ETF | 16.8% | -28 bp | +1.2% |
| TRFK | Pacer Data and Digital Revolution ETF | 16.4% | -15 bp | +0.7% |
Risk and Returns: GTEK 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 12/18/2024
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
GTEK
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
GTEK
2.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. GTEK's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places GTEK in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GTEKSELL
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 |
| GTEK (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) |
|
|---|---|---|---|
| GTEK | 75.0 | 39.0 | 114 |
| Peer Avg. | 67.7 | 31.7 | 99.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .