ETF Evaluator:
Goldman Sachs ActiveBeta® Intl Eq ETF (GSIE)
Follow This ETF
(as of Jul 31)
Best Performing in Foreign Large Blend Over the Last Year
| 61.4% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.4% | Harbor International Equity ETF (EPIN) |
| 35.9% | iShares Currency Hdgd MSCI ACWI exUS ETF (HAWX) |
| 34.5% | Xtrackers MSCI All World exUS Hdg Eq ETF (DBAW) |
| 33.6% | NYLI FTSE International Eq Ccy Netrl ETF (HFXI) |
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ETF Details
Goldman Sachs ActiveBeta® Intl Eq ETF Overview
Goldman Sachs ActiveBeta® Intl Eq ETF (GSIE) is a passively managed International Equity Foreign 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® International Equity Index.
The index is designed to deliver exposure to equity securities of developed market issuers outside of the United States. The fund invests 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® Intl Eq ETF (GSIE)
There are 2 members of the management team with an average tenure of 6.43 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: MSCI World ex USA NR USD index with a weighting of 100% and Goldman Sachs ActiveBeta Inter NR USD index with a weighting of 100%. Goldman Sachs ActiveBeta® Intl Eq ETF has 661 securities in its portfolio. The top 10 holdings constitute 11.5% 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® Intl Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. Goldman Sachs ActiveBeta® Intl Eq ETF has 98.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5% There is 98.2% 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® Intl Eq ETF has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is below the $9 billion average for the Foreign 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.
GSIE 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® Intl Eq ETF expense ratio is below average compared to funds in the Foreign Large Blend category. Goldman Sachs ActiveBeta® Intl Eq ETF has an expense ratio of 0.25%, which is 37% 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 ActiveBeta® Intl Eq ETF has a portfolio turnover rate of 22%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Foreign Large Blend category.
Recently, in the month of June 2026, Goldman Sachs ActiveBeta® Intl Eq ETF returned 0.2%, which earned it a grade of C, as the Foreign Large Blend category had an average return of -0.1%. 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 ActiveBeta® Intl Eq ETF has a trailing yield of 2.58%, which is below the 2.63% 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® Intl Eq ETF Grades
Year to date, the ETF has returned 7.8%, 3.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 18.3% over the past year (grade of D), 16.6% over the past three years (grade of C) and 8.7% per year over the past five years (grade of D) and 9.6% per year over the past 10 years (grade of D).
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GSIE Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GSIE Return (NAV) | 0.2% | 9.1% | 18.3% | 16.6% | 8.7% | 9.6% |
| GSIE Return (Price) | 0.7% | 7.3% | 18.4% | 16.6% | 8.7% | 9.6% |
| NAV +/- Price Return | -0.569% | 1.747% | -0.060% | 0.022% | 0.022% | 0.076% |
| Foreign Large Blend Avg | -0.1% | 10.5% | 22.3% | 17.2% | 9.0% | 9.7% |
| GSIE Grade (NAV) | C | D | D | C | D | D |
| +/- Category (NAV) | 0.2% | -1.4% | -4.0% | -0.6% | -0.3% | -0.1% |
| GSIE Tax-Cost Ratio | na | na | 1.1% | 1.1% | 1.2% | 1.1% |
GSIE Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GSIE Return (NAV) | 7.8% | 32.3% | 5.2% | 17.3% | -15.9% | 13.1% | 8.0% | 22.2% | -12.9% | 25.7% | 1.7% |
| GSIE Return (Price) | 8.2% | 32.5% | 5.2% | 17.0% | -15.9% | 13.3% | 7.5% | 22.8% | -13.4% | 26.2% | 2.4% |
| NAV +/- Price Ret | 0.045% | 0.008% | 0.007% | -0.017% | -0.002% | 0.016% | -0.069% | 2.7% | 3.5% | 1.8% | 41.4% |
| Foreign Large Blend Avg | 10.9% | 31.3% | 5.3% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| GSIE Grade (NAV) | F | C | C | C | D | A | C | C | B | C | C |
| +/- Category | -3.1% | 1.0% | -0.1% | 0.4% | -1.2% | 2.8% | -0.8% | 0.2% | 0.3% | 1.1% | -0.2% |
| Risk Measures | |
| Beta: | 0.87 |
| R-Squared: | 90% |
| Standard Deviation: | 12.7% |
| Category Risk Index: | 0.97 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.04 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 5,800 Mil |
| Share Class Assets: | $ 5,800 Mil |
| Turnover: | 22.0% |
| Expense Ratio: | 0.25% |
| Index Fund: | Yes |
| Index Tracked: | MSCI World ex USA NR USD |
| 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: 10.7 years | |||
| Average Tenure: 6.4 years | |||
| Managers (Year): Garigipati Raj (2015), Sekaria Gauri (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 661 |
| % in Top 10 Holdings: | 11.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.5% |
| Foreign Stock: | 98.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Goldman Sachs |
| Phone Number: | 800-621-2550 |
| Website: | am.gs.com |
| Inception Date: | November 6, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.39% |
