ETF Evaluator:
Goldman Sachs ActiveBeta® US LgCp Eq ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
| 62.5% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 35.7% | Mohr Company Nav ETF (CNAV) |
| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
Risk
Index
Risk
Index
ETF Details
Goldman Sachs ActiveBeta® US LgCp Eq ETF Overview
Goldman Sachs ActiveBeta® US LgCp Eq ETF (GSLC) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Goldman Sachs launched the ETF in 2015.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index.
The index is designed to deliver exposure to equity securities of large capitalization U.S. issuers. 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.
About Goldman Sachs ActiveBeta® US LgCp Eq ETF (GSLC)
There are 2 members of the management team with an average tenure of 6.59 years: Gauri Sekaria (2024) and Raj Garigipati (2015). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Goldman Sachs ActiveBeta U.S. LC TR USD index with a weighting of 100%. Goldman Sachs ActiveBeta® US LgCp Eq ETF has 438 securities in its portfolio. The top 10 holdings constitute 35.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Goldman Sachs ActiveBeta® US LgCp Eq ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Goldman Sachs ActiveBeta® US LgCp Eq ETF has 0.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.6% There is 0.4% 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 ActiveBeta® US LgCp Eq ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $15 billion in total assets, which is above the $13 billion average for the Large Blend 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.
GSLC 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 ActiveBeta® US LgCp Eq ETF expense ratio is low compared to funds in the Large Blend category. Goldman Sachs ActiveBeta® US LgCp Eq ETF has an expense ratio of 0.09%, which is 78% lower than its category average, making the fund expense ratio grade a A. 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 ActiveBeta® US LgCp Eq ETF has a portfolio turnover rate of 19%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Goldman Sachs ActiveBeta® US LgCp Eq ETF returned 0.6%, which earned it a grade of B, as the Large Blend category had an average return of -0.8%. 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 ActiveBeta® US LgCp Eq ETF has a trailing yield of 0.94%, which is below the 1.16% category average.
The fund normally distributes its income quarterly.
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.
Goldman Sachs ActiveBeta® US LgCp Eq ETF Grades
Year to date, the ETF has returned 8.4%, 1.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 16.2% over the past year (grade of D), 18.0% over the past three years (grade of C) and 11.5% per year over the past five years (grade of C) and 14.2% per year over the past 10 years (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Goldman Sachs ActiveBeta® US LgCp Eq ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GSLC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GSLC Return (NAV) | 0.6% | 4.4% | 16.2% | 18.0% | 11.5% | 14.2% |
| GSLC Return (Price) | 0.6% | 4.5% | 16.3% | 18.0% | 11.5% | 14.2% |
| NAV +/- Price Return | -0.071% | -0.074% | -0.086% | 0.005% | -0.009% | -0.002% |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| GSLC Grade (NAV) | B | C | D | C | C | C |
| +/- Category (NAV) | 1.4% | 0.7% | -1.4% | 0.5% | 0.3% | 0.5% |
| GSLC Tax-Cost Ratio | na | na | 0.4% | 0.5% | 0.5% | 0.6% |
GSLC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GSLC Return (NAV) | 8.4% | 16.1% | 24.2% | 25.0% | -18.7% | 27.2% | 18.9% | 30.9% | -4.0% | 22.5% | 8.7% |
| GSLC Return (Price) | 8.4% | 16.2% | 24.2% | 25.1% | -18.7% | 27.2% | 19.0% | 30.8% | -4.0% | 22.5% | 8.7% |
| NAV +/- Price Ret | 0.001% | 0.003% | 0.000% | 0.002% | 0.003% | 0.000% | 0.006% | -0.5% | 0.8% | 0.0% | 0.8% |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| GSLC Grade (NAV) | D | C | B | C | C | C | C | C | B | B | F |
| +/- Category | -1.1% | 0.8% | 2.3% | 2.2% | -1.6% | 0.3% | 0.6% | 1.3% | 1.1% | 0.9% | -2.7% |
| Risk Measures | |
| Beta: | 0.99 |
| R-Squared: | 99% |
| Standard Deviation: | 13.0% |
| Category Risk Index: | 0.96 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.06 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 15,002 Mil |
| Share Class Assets: | $ 15,002 Mil |
| Turnover: | 19.0% |
| Expense Ratio: | 0.09% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.9 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Garigipati Raj (2015), Sekaria Gauri (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 438 |
| % in Top 10 Holdings: | 35.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.4% |
Portfolio Allocation |
|
| Domestic Stock: | 99.6% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-621-2550 |
| Website: | am.gs.com |
| Inception Date: | September 17, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.09% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.41% |
