ETF Evaluator: Goldman Sachs Enhanced U.S. Equity ETF () Follow This ETF

Goldman Sachs Enhanced U.S. Equity ETF Overview

Goldman Sachs Enhanced U.S. Equity ETF (GUSE) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Goldman Sachs launched the ETF in 2008.

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 (measured at the time of purchase) (“Net Assets”) in equity securities issued by small-, mid- and large-cap U.S. companies. The fund is non-diversified.

About Goldman Sachs Enhanced U.S. Equity ETF (GUSE)

There are 3 members of the management team with an average tenure of 1.50 years: Raj Garigipati (2025), Kevin Martens (2024) and Jenny Chang (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Goldman Sachs Enhanced U.S. Equity ETF has 122 securities in its portfolio. The top 10 holdings constitute 37.9% 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 Enhanced U.S. Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Goldman Sachs Enhanced U.S. Equity ETF has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.2% There is 1.1% 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 Enhanced U.S. Equity ETF has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $353 million in total assets, which is below 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.

GUSE 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 Enhanced U.S. Equity ETF expense ratio is below average compared to funds in the Large Blend category. Goldman Sachs Enhanced U.S. Equity ETF has an expense ratio of 0.30%, which is 28% lower than its category average, making the fund expense ratio grade a C. 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 Enhanced U.S. Equity ETF has a portfolio turnover rate of 73%, which indicates that it holds its assets around / 0.0 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 Enhanced U.S. Equity ETF returned -0.3%, which earned it a grade of C, 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 Enhanced U.S. Equity ETF has a trailing yield of 0.63%, which is below the 1.16% 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.

Goldman Sachs Enhanced U.S. Equity ETF Grades

Year to date, the ETF has returned 11.2%, 1.7 percentage points better than the category, which translates into a grade of B. The fund has returned 19.5% over the past year (grade of B), 18.0% over the past three years (grade of C) and 12.5% per year over the past five years (grade of B) and 15.3% per year over the past 10 years (grade of A).

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