ETF Evaluator: Goldman Sachs Data Enhanced EM EquityETF (GEMQ) Follow This ETF

Goldman Sachs Data Enhanced EM EquityETF Overview

Goldman Sachs Data Enhanced EM EquityETF (GEMQ) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). Goldman Sachs launched the ETF in 2026.

The investment seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by emerging country issuers. Equity securities include common stock, preferred stock, rights, warrants, convertible securities and other instruments with similar economic exposures, including depositary receipts, open-end investment funds (including ETFs), REITs, unit investment trusts or other collective investment funds, including funds for which GSAM or an affiliate now or in the future acts as investment adviser. It is non-diversified.

About Goldman Sachs Data Enhanced EM EquityETF (GEMQ)

There are 5 members of the management team with an average tenure of 0.06 years: Len Ioffe (2026), Nellie Bronner (2026), Takashi Suwabe (2026), Raj Garigipati (2026) and Raphael Shen (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

Goldman Sachs Data Enhanced EM EquityETF has 150 securities in its portfolio. The top 10 holdings constitute 42.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Goldman Sachs Data Enhanced EM EquityETF is part of the Equity global asset class and is within the International Equity ETF group. Goldman Sachs Data Enhanced EM EquityETF has 98.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.2% There is 98.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Goldman Sachs Data Enhanced EM EquityETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $9 million in total assets, which is below the $4 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GEMQ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Goldman Sachs Data Enhanced EM EquityETF expense ratio is average compared to funds in the Diversified Emerging Mkts category. Goldman Sachs Data Enhanced EM EquityETF has an expense ratio of 0.40%, which is 21% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Goldman Sachs Data Enhanced EM EquityETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 46% for the Diversified Emerging Mkts category.

Recently, in the month of September 2026, Goldman Sachs Data Enhanced EM EquityETF returned 0.0%, which earned it a grade of NA, as the Diversified Emerging Mkts category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Goldman Sachs Data Enhanced EM EquityETF has a trailing yield of 0.00%, which is below the 2.44% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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