AN
INVESTMENT IN THE FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THE FUND
INVOLVES
INVESTMENT RISKS, AND YOU MAY LOSE MONEY IN THE
FUND. |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date | |
Goldman
Sachs Equal Weight U.S. Large Cap Equity ETF |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Returns
After Taxes on Distributions |
- |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Solactive
US Large Cap Equal Weight Index (GTR) (reflects no deduction for fees or
expenses) |
- |
|
|
|
S&P
500 Index (Total Return, unhedged, USD) (reflects no deduction for fees or
expenses) |
- |
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date | |
Goldman
Sachs Hedge Industry VIP ETF |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Returns
After Taxes on Distributions |
- |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Goldman
Sachs Hedge Fund VIP Index™ (reflects no deduction for fees or
expenses) |
- |
|
|
|
S&P
500 Index (Unhedged; reflects no deduction for fees or
expenses) |
- |
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses |
|
Acquired
Fund Fees and Expenses1 |
|
Total
Annual Fund Operating Expenses |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Goldman
Sachs Innovate Equity ETF |
|
|
|
Returns
Before Taxes |
- |
- |
|
Returns
After Taxes on Distributions |
- |
- |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
- |
|
Solactive
Innovative Global Equity Index |
- |
- |
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Goldman
Sachs JUST U.S. Large Cap Equity ETF |
|
|
|
Returns
Before Taxes |
- |
|
|
Returns
After Taxes on Distributions |
- |
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
JUST
U.S. Large Cap Diversified Index (reflects no deduction for fees or
expenses) |
- |
|
|
Russell
1000®
Index (Total Return, Unhedged, USD) (reflects no deduction for fees or
expenses) |
- |
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses1 |
|
Total
Annual Fund Operating Expenses |
|
|
1
Year |
3
Years |
$ |
$ |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date | |
Institutional
Shares |
|
|
|
Returns
Before Taxes |
- |
|
|
Returns
After Taxes on Distributions |
- |
- |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
S&P
500 (TR, unhedged, USD) |
- |
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
Management
Fee |
|
Distribution
and Service (12b-1) Fee |
|
Other
Expenses1 |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waiver2 |
( |
Total
Annual Fund Operating Expenses After Fee Waiver |
|
|
1
Year |
3
Years |
$ |
$ |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVE |
PRINCIPAL
INVESTMENT STRATEGIES |
ADDITIONAL
INFORMATION ABOUT THE INNOVATE EQUITY ETF THEMES AND
SUB-THEMES |
OTHER
INVESTMENT PRACTICES AND
SECURITIES |
10Percent
of total assets (including securities lending collateral) (italic
type)
10Percent
of net assets (excluding borrowings for investment
purposes)
(roman type)
•No
specific percentage limitation on usage; limited only by the
objective
and strategies of the Fund. The Fund may only invest up to
20%
of its assets in securities and other instruments not included in its
underlying
index. |
Bloomberg
Clean
Energy
Equity ETF |
Equal
Weight U.S.
Large
Cap
Equity
ETF |
Hedge
Industry
VIP
ETF |
Innovate
Equity
ETF |
JUST
U.S.
Large
Cap
Equity
ETF |
North
American
Pipelines
& Power
Equity
ETF |
Defensive
Equity
ETF |
Small
Cap
Core
Equity ETF |
Investment
Practices |
|
|
|
|
|
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Credit,
Currency, Equity, Index, Interest Rate, Total Return
and
Mortgage Swaps and Options on Swaps |
|
|
|
|
|
|
• |
|
Cross
Hedging of Currencies |
|
|
|
|
|
|
• |
• |
Custodial
Receipts and Trust Certificates |
|
|
|
|
|
|
• |
• |
Derivatives,
including futures, options and swaps |
• |
• |
• |
• |
• |
• |
|
|
Direct
Equity Investments |
|
• |
• |
• |
• |
|
|
|
Equity
Swaps |
|
|
|
|
|
|
• |
• |
Foreign
Currency Transactions (including forward
contracts)* |
|
|
|
• |
|
|
• |
• |
Futures |
|
20 |
20 |
20 |
20 |
|
|
|
Futures
Contracts and Options and Swaps on Futures
Contracts |
|
|
|
|
|
|
|
• |
Illiquid
Investments** |
15 |
15 |
15 |
15 |
15 |
15 |
15 |
15 |
Interest
Rate Caps, Floors and Collars |
|
|
|
|
|
|
• |
|
Investment
Company Securities (including ETFs)*** |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
Mortgage
Dollar Rolls |
|
|
|
|
|
|
• |
|
Options
on Foreign Currencies1
|
|
|
|
|
|
|
• |
• |
Options
on Futures2
|
|
|
|
|
|
|
• |
|
Options
on Securities and Securities Indices |
|
|
|
|
|
|
• |
|
Options2
|
|
|
|
|
|
|
• |
• |
Preferred
Stock |
|
|
|
|
|
|
• |
|
Preferred
Stock, Warrants and Stock Purchase Rights |
• |
• |
• |
• |
• |
|
|
• |
Repurchase
Agreements |
• |
• |
• |
• |
• |
• |
• |
• |
Reverse
Repurchase Agreements (for investment purposes) |
|
|
|
|
|
|
• |
|
Securities
Lending |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Short
Sales |
|
|
|
|
|
|
• |
|
Short
Sales Against the Box |
|
|
|
|
|
|
|
25 |
Unseasoned
Companies |
|
|
|
|
|
|
• |
• |
Warrants
and Stock Purchase Rights |
|
• |
• |
• |
• |
|
• |
|
When-Issued
Securities and Forward Commitments |
|
|
|
|
|
|
• |
• |
10Percent
of net assets (excluding borrowings for investment
purposes)
(roman type)
•No
specific percentage limitation on usage; limited only by the
objective
and strategies of the Fund. |
Bloomberg
Clean
Energy
Equity ETF |
Equal
Weight U.S.
Large
Cap
Equity
ETF |
Hedge
Industry
VIP
ETF |
Innovate
Equity
ETF |
JUST
U.S.
Large
Cap
Equity
ETF |
North
American
Pipelines
& Power
EquityETF |
Defensive
Equity
ETF |
Small
Cap
Core
Equity ETF |
Investment
Securities |
|
|
|
|
|
|
|
|
American
Depositary Receipts |
|
|
|
|
|
• |
• |
|
American,
European, and Global Depositary Receipts |
|
|
|
• |
|
|
|
• |
Asset-Backed
and Mortgage-Backed Securities1 |
|
|
|
|
|
|
• |
• |
Bank
Obligations1
|
|
|
|
|
|
|
20 |
• |
Commodity-Linked
Derivative Instruments3
|
|
|
|
|
|
• |
• |
|
Convertible
Securities4
|
|
|
|
|
|
|
• |
• |
Corporate
Debt Obligations1
|
|
|
|
|
|
|
• |
• |
Corporate
Debt Obligations and Trust Preferred Securities |
|
|
|
|
|
|
20 |
|
Emerging
Country Securities2 |
• |
|
|
• |
|
|
• |
25 |
Equity
Investments |
• |
• |
• |
• |
• |
• |
80+ |
80+ |
Fixed
Income Securities |
|
|
|
|
|
|
20 |
20 |
Foreign
Government Securities1 |
|
|
|
|
|
|
• |
|
Foreign
Securities2 |
• |
|
• |
• |
|
• |
• |
• |
Initial
Public Offerings (“IPOs”) |
|
|
|
|
|
|
|
25 |
Master
Limited Partnerships |
|
|
|
|
|
• |
|
• |
Municipal
Securities1
|
|
|
|
|
|
|
• |
|
Non-Investment
Grade Fixed Income Securities5
|
|
|
|
|
|
|
• |
• |
Pre-IPO
Investments (including late-stage private equity
securities) |
|
|
|
|
|
|
|
20 |
Preferred
Stock, Warrants, and Stock Purchase Rights |
• |
• |
• |
• |
• |
• |
|
|
Private
Investments in Public Equity (“PIPEs”) |
|
|
|
|
|
|
|
• |
Real
Estate Investment Trusts (“REITs”) |
|
|
|
|
|
|
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
|
|
|
|
|
|
|
• |
Stripped
Mortgage-Backed Securities1
|
|
|
|
|
|
|
• |
|
Structured
Securities (which may include equity-linked
notes)6
|
|
|
|
|
|
• |
• |
• |
Subsidiary
Shares |
|
|
|
|
|
|
• |
|
Temporary
Investments |
|
|
|
|
|
|
• |
• |
U.S.
Government Securities1
|
|
|
|
|
|
• |
• |
• |
Yield
Curve Options and Inverse Floating Rate Securities |
|
|
|
|
|
|
• |
|
✓Principal
Risk
•Additional
Risk |
Bloomberg
Clean
Energy
Equity
ETF |
Equal
Weight
U.S.
Large Cap
Equity
ETF |
Hedge
Industry
VIP
ETF |
Innovate
Equity
ETF |
JUST
U.S.
Large
Cap
Equity
ETF |
North
American
Pipelines
& Power
Equity
ETF |
Defensive
Equity
ETF |
Small
Cap
Core
Equity ETF |
Absence
of Active Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
Asian
Investment Risk |
|
|
|
✓ |
|
|
|
|
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
• |
• |
• |
• |
Calculation
Methodology Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
Clean
Energy Sector Risk |
✓ |
|
|
|
|
|
|
|
Commodity
Sector Risk |
|
|
|
|
|
• |
|
|
Counterparty
Risk |
|
|
|
|
|
|
✓ |
|
Credit/Default
Risk |
|
|
|
|
|
|
• |
• |
Cybersecurity
Risk |
• |
• |
• |
• |
• |
• |
• |
• |
Depositary
Receipts Risk |
✓ |
|
✓ |
✓ |
|
|
|
|
Derivatives
Risk |
• |
• |
• |
• |
• |
• |
✓ |
• |
Emerging
Countries Risk |
✓ |
|
|
• |
|
|
|
✓ |
Energy
Sector Risk |
|
|
|
|
|
✓ |
|
|
ESG
Integration |
|
|
|
|
|
|
|
• |
European
Investment Risk |
|
|
|
✓ |
|
|
|
|
Expenses
Risk |
• |
|
|
• |
|
|
|
|
Financial
Services Industry Group Risk |
|
|
|
• |
|
|
|
|
Foreign
Risk |
✓ |
|
• |
✓ |
|
✓ |
• |
✓ |
Foreign
Custody Risk |
• |
|
• |
• |
|
• |
|
• |
Form
Filings and Public Data Risk |
|
|
✓ |
|
|
|
|
|
Geographic
Risk |
• |
|
|
✓ |
|
|
|
• |
Index
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
Industry
Concentration Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
Infrastructure
Company Risk |
|
|
|
|
|
✓ |
|
|
Initial
Public Offering (“IPO”) Risk |
• |
|
|
|
|
|
|
• |
Interest
Rate Risk |
|
|
|
|
|
|
|
• |
“Just”
Investing Risk |
|
|
|
|
✓ |
|
|
|
Investment
Style Risk |
|
✓ |
✓ |
|
|
✓ |
✓ |
✓ |
Large
Shareholder Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Liquidity
Risk |
• |
• |
• |
• |
• |
✓ |
• |
• |
Management
Risk |
|
|
|
|
|
|
✓ |
• |
Market
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Market
Trading Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Master
Limited Partnership Risk |
|
|
|
|
|
✓ |
|
• |
Mid-Cap
and Small-Cap Risk |
✓ |
|
• |
✓ |
|
• |
• |
|
Non-Diversification
Risk |
|
|
|
|
|
✓ |
|
✓ |
Non-Investment
Grade Fixed Income Investments Risk |
|
|
|
|
|
|
|
• |
Options
Risk |
|
|
|
|
|
|
✓ |
|
PIPEs
Risk |
|
|
|
|
|
|
|
• |
Portfolio
Turnover Rate Risk |
|
|
✓ |
|
|
|
✓ |
|
Pre-IPO
Investments Risk |
|
|
|
|
|
|
|
• |
REIT
Risk |
|
|
|
|
|
|
• |
✓ |
Secondary
Listing Risk |
• |
• |
• |
• |
• |
• |
• |
• |
Seed
Investor Risk |
✓ |
|
|
|
|
✓ |
✓ |
|
Small-Cap
Risk |
|
|
|
|
|
|
|
✓ |
SPACs
Risk |
|
|
|
|
|
|
|
• |
Stock
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Swaps
Risk |
|
|
|
|
|
|
✓ |
|
Tax
Risk |
|
|
|
|
|
✓ |
|
|
Technology
Industry Group Risk |
|
|
|
✓ |
|
|
|
|
Thematic
Investing Risk |
|
|
|
✓ |
|
|
|
|
Tracking
Error Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
Trading
Issues Risk |
• |
• |
• |
• |
• |
• |
• |
|
U.S.
Government Securities Risk |
• |
|
|
|
|
• |
✓ |
• |
Valuation
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
Goldman
Sachs Bloomberg Clean Energy Equity ETF
Goldman
Sachs Equal Weight U.S. Large Cap Equity ETF
Goldman
Sachs Hedge Industry VIP ETF
Goldman
Sachs Innovate Equity ETF
Goldman
Sachs JUST U.S. Large Cap Equity ETF
Goldman
Sachs North American Pipelines & Power Equity ETF
Goldman
Sachs Defensive Equity ETF
Goldman
Sachs Small Cap Core Equity
ETF |
MANAGEMENT
FEE AND OTHER EXPENSES |
Fund |
Fee
as a
Percentage
of
Average
Daily
Net
Assets |
Goldman
Sachs Bloomberg Clean Energy Equity ETF |
0.45% |
Goldman
Sachs Equal Weight U.S. Large Cap Equity ETF |
0.09% |
Goldman
Sachs Hedge Industry VIP ETF |
0.45% |
Goldman
Sachs Innovate Equity ETF |
0.50% |
Goldman
Sachs JUST U.S. Large Cap Equity ETF |
0.20% |
Goldman
Sachs North American Pipelines & Power Equity
ETF |
0.55% |
Goldman
Sachs Defensive Equity ETF1
|
0.55% |
Goldman
Sachs Small Cap Core Equity ETF |
0.80% |
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible |
Five
Year
Employment
History |
Raj
Garigipati
Managing
Director |
Portfolio
Manager—
Bloomberg
Clean Energy
Equity
ETF
Equal
Weight U.S. Large Cap
Equity
ETF
Hedge
Industry VIP ETF
Innovate
Equity ETF
JUST
U.S. Large Cap Equity ETF
North
American Pipelines &
Power
Equity ETF |
Since
2021
2017
2016
2020
2018
2023 |
Mr.
Garigipati is the global head of the ETF Portfolio Management
team.
He joined Quantitative Investment Strategies (QIS) in 2011 as
Chief
Risk Officer and subsequently became head of the ETF PM
team
in 2016. |
Greg
Tuorto
Managing
Director |
Portfolio
Manager—
Small
Cap Core Equity ETF |
Since
2023 |
Mr.
Tuorto is a portfolio manager on the Fundamental Equity Team
focused
on the Small/Mid Cap Growth strategy. He joined the
Investment
Adviser in 2019. Prior to joining the Investment Adviser,
Mr.
Tuorto had worked at JPMorgan Asset Management since
2008. |
Robert
Crystal
Managing
Director |
Portfolio
Manager—
Small
Cap Core Equity ETF |
Since
2023 |
Mr.
Crystal joined the Investment Adviser as a portfolio manager in
March
2006. |
Oliver
Bunn
Vice
President |
Portfolio
Manager—
Defensive
Equity ETF |
Since
2023 |
Mr.
Bunn is head of the Quantitative Investment Strategies (QIS)
Alternatives
team within GSAM. He joined Goldman Sachs in
2014. |
Patrick
Hartnett
Vice
President |
Portfolio
Manager—
Defensive
Equity ETF |
Since
2023 |
Mr.
Hartnett is a portfolio manager and researcher on the
Quantitative
Investment Strategies (QIS) Alternatives team within
GSAM.
He joined Goldman Sachs in 2019. Previously, he worked at
Jefferies
and PNC bank. |
Sergio
Calvo de Leon
Vice
President |
Portfolio
Manager—
Defensive
Equity ETF |
Since
2023 |
Mr.
Calvo de Leon is a portfolio manager and researcher on the
Quantitative
Investment Strategies (QIS) Alternatives team within
GSAM.
He joined Goldman Sachs in 2021. Previously, he worked at
The
McKinsey Investment Office (MIO Partners) and Investec
Bank. |
DISTRIBUTOR |
TRANSFER
AGENT, CUSTODIAN AND
PROVIDER
OF ADMINISTRATIVE SERVICES |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
Buying
and Selling Shares |
Payments
to Broker-Dealers and Other Financial
Intermediaries |
Net
Asset Value |
NAV
= |
(Value
of Assets of the Fund)
–
(Liabilities of the Fund) |
|
Number
of Outstanding Shares of the
Fund |
Book
Entry |
Creations
and Redemptions |
DISTRIBUTIONS |
TAXES
ON CREATIONS AND REDEMPTIONS OF CREATION
UNITS |
SALES
OF FUND SHARES |
OTHER
INFORMATION |
PREMIUM/DISCOUNT
INFORMATION |
CONTINUOUS
OFFERING |
DISTRIBUTION
AND SERVICE PLAN |
A. General
Portfolio Risks |
B.
Other Portfolio Risks |
C.
Portfolio Securities and
Techniques |
|
Bloomberg
Clean Energy Equity ETF | |
|
For the Fiscal
Year
Ended
August 31, 2023 |
For
the Period
February 8, 2022*
to
August
31, 2022 |
Per
Share Operating Performance: | ||
Net
asset value, beginning of period |
$39.57 |
$39.60 |
Net
investment income(a) |
0.58 |
0.32 |
Net
realized and unrealized loss |
(4.56
) |
(0.15
) |
Total
gain (loss) from investment operations |
(3.98
) |
0.17 |
Distributions
to shareholders from net investment income |
(0.55
) |
(0.20
) |
Net
asset value, end of period |
$35.04 |
$39.57 |
Market
price, end of period |
$35.22 |
$39.52 |
Total
Return at Net Asset Value(b) |
(10.11
)% |
0.45
% |
Net
assets, end of period (in 000’s) |
$8,760 |
$7,915 |
Ratio
of total expenses to average net assets |
0.45
% |
0.45
%(c) |
Ratio
of net investment income to average net assets |
1.56
% |
1.43
%(c) |
Portfolio
turnover rate(d) |
23
% |
19
% |
|
Equal
Weight U.S. Large Cap Equity ETF | ||||
|
For
the Fiscal
Year
Ended August 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Operating Performance: | |||||
Net
asset value, beginning of year |
$58.98 |
$70.00 |
$50.86 |
$46.30 |
$46.33 |
Net
investment income(a) |
1.03 |
0.94 |
0.85 |
0.93 |
0.81 |
Net
realized and unrealized gain (loss) |
3.94 |
(10.98
) |
19.09 |
4.52 |
(0.10
) |
Total
gain (loss) from investment operations |
4.97 |
(10.04
) |
19.94 |
5.45 |
0.71 |
Distributions
to shareholders from net investment income |
(1.02
) |
(0.98
) |
(0.80
) |
(0.89
) |
(0.74
) |
Net
asset value, end of year |
$62.93 |
$58.98 |
$70.00 |
$50.86 |
$46.30 |
Market
price, end of year |
$62.93 |
$58.99 |
$69.99 |
$50.95 |
$46.32 |
Total
Return at Net Asset Value(b) |
8.58
% |
(14.48
)% |
39.56
% |
12.08
% |
1.62
% |
Net
assets, end of year (in 000’s) |
$462,534 |
$613,410 |
$857,504 |
$320,433 |
$168,989 |
Ratio
of total expenses to average net assets |
0.09
% |
0.09
% |
0.09
% |
0.09
% |
0.09
% |
Ratio
of net investment income to average net assets |
1.72
% |
1.43
% |
1.39
% |
1.98
% |
1.81
% |
Portfolio
turnover rate(c) |
44
% |
47
% |
43
% |
48
% |
39
% |
|
Hedge
Industry VIP ETF | ||||
|
For
the Fiscal
Year
Ended August 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Operating Performance: | |||||
Net
asset value, beginning of year |
$75.37 |
$103.18 |
$79.37 |
$56.86 |
$57.98 |
Net
investment income (loss)(a) |
0.17 |
(0.04
)(b) |
(0.07
) |
0.16
(c) |
0.51 |
Net
realized and unrealized gain (loss) |
13.32 |
(27.77
) |
23.88 |
22.59 |
(1.11
) |
Total
gain (loss) from investment operations |
13.49 |
(27.81
) |
23.81 |
22.75 |
(0.60
) |
Distributions
to shareholders from net investment income |
(0.01
) |
— |
—
(d) |
(0.24
) |
(0.52
) |
Distributions
to shareholders from return of capital |
— |
— |
— |
—
(d) |
— |
Total
distributions to shareholders |
(0.01
) |
— |
—
(d) |
(0.24
) |
(0.52
) |
Net
asset value, end of year |
$88.85 |
$75.37 |
$103.18 |
$79.37 |
$56.86 |
Market
price, end of year |
$88.90 |
$75.47 |
$103.21 |
$79.50 |
$57.03 |
Total
Return at Net Asset Value(e) |
17.90
% |
(26.95
)% |
30.00
% |
40.07
% |
(0.99
)% |
Net
assets, end of year (in 000’s) |
$142,164 |
$145,084 |
$221,834 |
$115,085 |
$79,608 |
Ratio
of total expenses to average net assets |
0.45
% |
0.45
% |
0.45
% |
0.45
% |
0.45
% |
Ratio
of net investment income (loss) to average net
assets |
0.23
% |
(0.05
)%(b) |
(0.08
)% |
0.26
%(c) |
0.91
% |
Portfolio
turnover rate(f) |
120
% |
117
% |
136
% |
124
% |
103
% |
|
Innovate
Equity ETF | ||
|
For
the Fiscal
Year
Ended August 31, |
For
the Period
November 6, 2020*
to
August
31, 2021 | |
|
2023 |
2022 | |
Per
Share Operating Performance: | |||
Net
asset value, beginning of period |
$43.67 |
$63.23 |
$50.03 |
Net
investment income(a) |
0.43 |
0.33 |
0.24 |
Net
realized and unrealized gain (loss) |
5.39 |
(19.43
) |
13.15 |
Total
gain (loss) from investment operations |
5.82 |
(19.10
) |
13.39 |
Distributions
to shareholders from net investment income |
(0.07
) |
(0.46
) |
(0.19
) |
Net
asset value, end of period |
$49.42 |
$43.67 |
$63.23 |
Market
price, end of period |
$49.42 |
$43.62 |
$63.34 |
Total
Return at Net Asset Value(b) |
13.38
% |
(30.35
)% |
26.80
% |
Net
assets, end of period (in 000’s) |
$336,076 |
$327,530 |
$493,184 |
Ratio
of total expenses to average net assets |
0.50
% |
0.50
% |
0.50
%(c) |
Ratio
of net investment income to average net assets |
0.97
% |
0.62
% |
0.50
%(c) |
Portfolio
turnover rate(d) |
45
% |
38
% |
38
% |
|
JUST
U.S. Large Cap Equity ETF | ||||
|
For
the Fiscal
Year
Ended August 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Operating Performance: | |||||
Net
asset value, beginning of year |
$56.72 |
$65.65 |
$50.92 |
$42.04 |
$42.13 |
Net
investment income(a) |
0.89 |
0.82 |
0.74 |
0.74 |
0.72 |
Net
realized and unrealized gain (loss) |
7.49 |
(8.97
) |
14.70 |
8.90 |
0.08 |
Total
gain (loss) from investment operations |
8.38 |
(8.15
) |
15.44 |
9.64 |
0.80 |
Distributions
to shareholders from net investment income |
(0.88
) |
(0.78
) |
(0.71
) |
(0.76
) |
(0.89
) |
Net
asset value, end of year |
$64.22 |
$56.72 |
$65.65 |
$50.92 |
$42.04 |
Market
price, end of year |
$64.27 |
$56.84 |
$65.68 |
$50.88 |
$42.06 |
Total
Return at Net Asset Value(b) |
15.00
% |
(12.53
)% |
30.61
% |
23.29
% |
2.06
% |
Net
assets, end of year (in 000’s) |
$277,747 |
$269,428 |
$264,240 |
$152,754 |
$129,275 |
Ratio
of total expenses to average net assets |
0.20
% |
0.20
% |
0.20
% |
0.20
% |
0.20
% |
Ratio
of net investment income to average net assets |
1.52
% |
1.31
% |
1.29
% |
1.69
% |
1.79
% |
Portfolio
turnover rate(c) |
9
% |
12
% |
11
% |
14
% |
17
% |
|
North American
Pipelines & Power
Equity
ETF |
|
For
the Period
July
11, 2023*
to
August
31, 2023 |
Per
Share Operating Performance: | |
Net
asset value, beginning of period |
$40.46 |
Net
investment income(a) |
0.13 |
Net
realized and unrealized gain |
0.34 |
Total
gain from investment operations |
0.47 |
Net
asset value, end of period |
$40.93 |
Market
price, end of period |
$40.96 |
Total
Return at Net Asset Value(b) |
1.16
% |
Net
assets, end of period (in 000’s) |
$8,186 |
Ratio
of total expenses to average net assets |
0.55
%(c) |
Ratio
of net investment income to average net assets |
2.25
%(c) |
Portfolio
turnover rate(d) |
—
% |
|
Defensive
Equity ETF(a)(b) | |||
|
For the Period
January 1, 2023
to†
August 31, 2023 |
For
the Fiscal
Year
Ended
December 31, |
For the Period
September 30, 2020*
to
December 31, 2020 | |
2022 |
2021 | |||
Per
Share Operating Performance: | ||||
Net
asset value, beginning of period |
$41.72 |
$48.24 |
$45.86 |
$45.00 |
Net
investment income(c) |
0.24 |
0.35 |
0.27 |
0.09 |
Net
realized and unrealized gain (loss) |
2.78 |
(6.49
) |
6.26 |
0.86 |
Total
gain (loss) from investment operations |
3.02 |
(6.14
) |
6.53 |
0.95 |
Distributions
to shareholders from net investment income |
(0.22
) |
(0.38
) |
(0.23
) |
(0.09
) |
Distributions
to shareholders from net realized gains |
— |
— |
(3.92
) |
—(d
) |
Total
distributions to shareholders |
(0.22
) |
(0.38
) |
(4.15
) |
(0.09
) |
Net
asset value, end of period |
$44.52 |
$41.72 |
$48.24 |
$45.86 |
Market
price, end of period |
$44.53 |
$— |
$— |
$— |
Total
Return at Net Asset Value(e) |
7.25
% |
(12.57
)% |
14.24
% |
2.11
% |
Net
assets, end of period (in 000’s) |
$6,793 |
$5,031 |
$6,283 |
$5,201 |
Ratio
of net expenses to average net assets |
0.56
%(f) |
0.57
% |
0.57
% |
0.57
%(f) |
Ratio
of total expenses to average net assets |
2.26
%(f) |
6.01
% |
9.46
% |
10.45
%(f) |
Ratio
of net investment income to average net assets |
1.01
%(f) |
0.82
% |
0.52
% |
0.84
%(f) |
Portfolio
turnover rate(g) |
160
% |
178
% |
305
% |
26
% |
FOR
MORE INFORMATION |
|
Shareholders/Authorized
Participants |
Financial
Advisors |
◼ By
telephone: |
1-800-621-2550 |
1-800-292-4726 |
◼ By
mail: |
Goldman
Sachs Funds
71
South Wacker Drive, Suite 1200
Chicago,
IL 60606 |
|
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|