Goldman SachsCommoditiesGold#49 of 106 by YTD

Goldman Sachs ActiveBeta Europe Equity ETFGSEU

1D 1M 3M YTD 1Y 3Y 5Y MAX

S&P 500 Bucket avg Compare

$48.10−1.3%

−$0.64 · Nov 6 close

Buy

AUM: $174M
Fee: 0.25%
Yield: 2.8%

Bumpy · 1Y: 1.2×S&P
Volume: 4K
NAV: $49.03

What's insideAll 346 →

ASML.AS 3.6%ROP.SW 2.2%NOVN.SW 2.0%HSBA.L 1.8%

52-week range5% below the high

$42.38$50.82

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−1.3%	+2.5%	−4.5%	+7.3%	+13.7%	+68.5%	+48.5%	+155.4%
Peer average	+0.1%	−4.2%	−7.1%	+1.4%	+5.2%	+96.3%	+84.4%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

GSEU in One Breath

GSEU Among Gold ETFs

YTD

#1GVUSGoldman Sachs+23.7%$451M

#2GVLEGoldman Sachs+18.5%$40.3M

#3GTEKGoldman Sachs+14.3%$193M

#4GSCGoldman Sachs+13.3%$296M

#5GSSCGoldman Sachs+13.2%$1.0B

#6GTOPGoldman Sachs+11.8%$633M

#7GSJYGoldman Sachs+9.5%$95.2M

#8GEMGoldman Sachs+9.2%$1.6B

#18GSEUGoldman Sachs+7.3%$174M

End-of-day Nov 8, 2026 · 41 Gold ETFs by YTD

$10,000 in GSEU

$10,000 in GSEU became

$14,855

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

GSEU’s Top Holdings

Today

ASML.ASAsml3.6%ROP.SW2.2%NOVN.SW2.0%HSBA.L1.8%AZN.L1.7%SHEL.L1.6%SAP.DE1.3%NESN.SW1.3%SAN.MC1.2%SIE.DE1.2%ALV.DE1.2%TTE.PA0.9%

Financial ServicesIndustrialsHealthcareTechnologyConsumer DefensiveConsumer CyclicalOther

Goldman Sachs GSEU · 339 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What GSEU Holds

Today

Financial Services25.4%

HSBA.L 1.8 · SAN.MC 1.2 · ALV.DE 1.2 · BBVA.MC · BNP.PA · UBSG.SW · BARC.L

Industrials18.0%

SIE.DE 1.2 · DHL.DE · SU.PA · SGSN.SW · RR.L · EN.PA · ABBN.SW

Healthcare13.9%

ROP.SW 2.2 · NOVN.SW 2.0 · AZN.L 1.7 · NOVO-B.CO · GSK.L · BAYN.DE · ORNBV.HE

Technology9.4%

ASML.AS 3.6 · SAP.DE 1.3 · SGE.L · CAP.PA · LOGN.SW

Consumer Defensive8.2%

NESN.SW 1.3 · AD.AS · OR.PA · ULVR.L · HEIO.AS · CA.PA · BATS.L

Consumer Cyclical7.0%

KGF.L · ZAL.DE · PNDORA.CO · MBG.DE · NXT.L · ADS.DE · ITX.MC

Energy5.2%

SHEL.L 1.6 · TTE.PA · BP.L · ENI.MI

Goldman Sachs GSEU · share of the fund by sector · as of Nov 6, 2026

Asml’s Share of GSEU

Today

3.6%

$36 of every $1,000 in GSEU is Asml

Asml held by GSEU

$6.2M

Most Asml per dollar

EWN19.5%

FEZ8.5%

IDMO7.8%

HEZU7.4%

Goldman Sachs GSEU · each square = $10 of $1,000 · as of Nov 6, 2026

GSEU’s Share of Gold ETFs

Today

0.1%

of the $272B in 47 Gold ETFs

GSEU$174M0.1%

GLD$136B49.9%

IAU$60.0B22.1%

44 others$75.8B27.9%

Gold ETF AUM · Nov 8, 2026

GSEU Fee per $100 vs Peers

Today

$0.25a year
per $100

$25 a year on $10,000

IAUM$0.09

GLDM$0.10

SGOL$0.17

GSEU$0.25

IAU$0.25

GLD$0.40

Expense ratio · Gold peers · Nov 8, 2026

Inside GSEU

339 holdings · as of Nov 6, 2026

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF

Today

Financial Services25.4%HSBA.LSAN.MCALV.DEBBVA.23 more holdings18.9% of the fundIndustrials18.0%SIE.DEDHL.D13 moreHealthcare13.9%ROP.SWNOVN.SAZN.L7 moreTechnology9.4%ASML.ASAP.DSGE.LConsumer Defensive8.2%NESN.AD.ASOR.PAULVR.5 moreConsumer Cyclical7.0%KGF.LZAL.D4 moreEnergy5.2%SHEL.TTE.PBP.LBasic Materials4.8%Utilities4.3%IBE.MCommunication Services2.7%

#	Ticker	Company	Weight ▼
1	ASML.AS	Asml	3.56%
2	ROP.SW	Roche AG	2.19%
3	NOVN.SW	Novartis AG	2.01%
4	HSBA.L	Hsbc	1.82%
5	AZN.L	Astrazeneca ORD	1.74%
6	SHEL.L	Shell	1.64%
7	SAP.DE	SAP SE	1.29%
8	NESN.SW	Nestle	1.28%
9	SAN.MC	Banco Santander	1.24%
10	SIE.DE	Siemens AG REG	1.20%

See all 346 holdings ↓

Financial ServicesIndustrialsHealthcareTechnologyConsumer DefensiveConsumer CyclicalEnergyBasic MaterialsUtilitiesCommunication ServicesReal EstateOther

Goldman Sachs GSEU · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 26.6%

All GSEU Holdings

346 holdings · as of Nov 6, 2026

GSEU

GSEU’s Holdings

Today

#
1	ASML.ASAsml	Technology	3.56%	$355.66	4,410	$6.2M
2	ROP.SWRoche AG	Healthcare	2.19%	$218.59	7,910	$3.8M
3	NOVN.SWNovartis AG	Healthcare	2.01%	$200.68	21K	$3.5M
4	HSBA.LHsbc	Financial Services	1.82%	$181.77	180K	$3.2M
5	AZN.LAstrazeneca ORD	Healthcare	1.74%	$173.71	16K	$3.0M
6	SHEL.LShell	Energy	1.64%	$163.75	56K	$2.8M
7	SAP.DESAP SE	Technology	1.29%	$128.95	9,264	$2.2M
8	NESN.SWNestle	Consumer Defensive	1.28%	$127.51	21K	$2.2M
9	SAN.MCBanco Santander	Financial Services	1.24%	$124.04	178K	$2.2M
10	SIE.DESiemens AG REG	Industrials	1.20%	$120.48	6,834	$2.1M
11	ALV.DEAllianz SE	Financial Services	1.18%	$117.87	3,928	$2.1M
12	TTE.PATotalenergies SE	Energy	0.94%	$94.01	18K	$1.6M
13	IBE.MCIberdrola Sociedad Anonima	Utilities	0.93%	$93.28	63K	$1.6M
14	BBVA.MCBanco Bilbao Vizcaya	Financial Services	0.92%	$91.64	62K	$1.6M
15	AD.ASKoninklijke Ahold Delhaize	Consumer Defensive	0.79%	$79.05	35K	$1.4M

Goldman Sachs GSEU · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF’s Peers

YTD


GLD	SPDRRead Desk	0.40%	−6.0%	+1.6%	$135.5B
IAU	iSharesRead Desk	0.25%	−5.9%	+1.8%	$60.0B
GLDM	SPDRRead Desk	0.10%	−5.8%	+2.0%	$30.8B
IAUM	iSharesRead Desk	0.09%	−5.0%	+3.9%	$8.1B
SGOL	AberdeenRead Desk	0.17%	−5.8%	+1.9%	$6.9B
GSEU	Goldman SachsThis fundRead Desk	0.25%	+7.3%	+13.7%	$174M

Gold peers · YTD and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put GSEU head to head with GLD →

GLD vs GSEU

YTD

GLDSPDR · GoldGSEUGoldman Sachs · Gold

Year to date

−6.0%

+7.3%

GSEU wins+13.3 pts

Past year

+1.6%

+13.7%

GSEU wins+12.1 pts

Fee

0.40%

0.25%

GSEU winslower fee

Yield

0.0%

2.8%

GSEU wins+2.8 pts

AUM

$136B

$174M

GLD778.6× more

4–0GSEU wins

SPDR GLD and Goldman Sachs GSEU · year-to-date · as of Nov 9, 2026 · AUM not scored

GSEU vs VOO

YTD

GSEU · Goldman Sachs ActiveBeta Europe Equity

+7.3%

VOO · S&P 500

+8.7%

Gap

1.4 pts

Goldman Sachs GSEU and Vanguard VOO · YTD total return · as of Nov 9, 2026

GSEU vs Its Peer Average

YTD

GSEUAvsBPeer average

1D−1.3%+0.1%

1M+2.5%−4.2%

3M−4.5%−7.1%

YTD+7.3%+1.4%

1Y+13.7%+5.2%

3Y+68.5%+96.3%

5Y+48.5%+84.4%

4–3GSEU wins

46 Gold peers · each row scaled to its leader

How Bumpy Is GSEU?

View

GSEU

How Bumpy

1.2×the S&P 500’s swings

CalmerBumpierS&P 1×GSEU

Calm rank among 7 gold funds#2

Other gold funds1.1× to 2.1×

Goldman Sachs GSEU · daily swings over the past year vs the S&P 500

GSEU

Worst Drop

−11.9%from its Feb 25 high

Still below the high−5.2%

$10,000 at the high is now$9,480

Goldman Sachs GSEU · fall from the highest close, past year

GSEU

On a Bad Day

0.9×the S&P 500’s fall

GSEU’s worst day: Friday, Mar 20

GSEU

−3.4%

S&P 500

−1.4%

Up days52 of every 100

S&P 500 up days52 of every 100

Goldman Sachs GSEU · average move on days the S&P 500 fell

GSEU

Return for the Bumps

1Y#2 of 7 gold funds

#1GSIEGoldman Sachs

most for the bumps

#2GSEUGoldman Sachs

#3IAUMiShares

less than cash

#4GLDMSPDR

less than cash

#5SGOLAberdeen

less than cash

#6IAUiShares

less than cash

#7GLDSPDR

less than cash

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

GSEU

Cost

Today

$25a year per $10,000

IAUM

GLDM

$10

SGOL

$17

IAU

$25

GSIE

$25

GSEU

$25

GLD

$40

Expense ratio 0.25%, taken from the fund’s value

GSEU

Volatility & Beta

16.0%annual volatility

S&P 500 volatility13.6%

Downside volatility10.7%

Beta vs SPY0.85

Correlation vs SPY0.72

Beta rank, lowest first, of 7#6

Daily total returns × √252 · past 254 trading days

GSEU

Max Drawdown

−11.9%peak to trough

Peak closeFeb 25, 2026

Current drawdown−5.2%

Worst day−3.40% · Mar 20

Closing prices, dividends in

GSEU

Up / Down Capture

87%down capture vs SPY

Down days

87%

Up days

93%

S&P 500

100%

Up ÷ down capture1.08

Up days52.4% (S&P 52.0%)

Average daily move on SPY up days and down days

GSEU

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
GSIE	0.62	0.93	15.2%	−10.8%	0.87	$25
GSEU	0.60	0.90	16.0%	−11.9%	0.85	$25
IAUM	−0.06	−0.08	28.5%	−28.1%	0.78	$9
GLDM	−0.09	−0.12	28.6%	−28.0%	0.78	$10
SGOL	−0.09	−0.12	28.5%	−28.1%	0.78	$17
IAU	−0.09	−0.13	28.6%	−28.2%	0.78	$25
GLD	−0.10	−0.13	28.7%	−28.3%	0.79	$40

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

GSEU

Trading

Today

−1.90%below its holdings’ value

Close$48.10

NAV$49.03

Fee per $10,000$25 a year

Avg. volume 30D9K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

GSEU

Fund Facts

Today

2016launched Mar 2

Tracks[…]

Exchange · CUSIPAMEX · 381430305

StructureETF

Leverage1x

Cost on $10,000$25 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Goldman Sachs GSEU · fund facts · as of Nov 9, 2026

GSEU

Payouts by Year

11Y

$0.93per share, Jun 2026

Distribution yield2.8%

PaidTwice a year

Latest ex-date · paidJun 24 · Jun 30, 2026

12 payouts added up$5.17 a share

Goldman Sachs GSEU · distributions by ex-date · 2016–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$49.03

Premium / discount[…]

Median spread · 30D[…]

Volume today4K

Average volume · 30D9K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.25%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$25.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Jun 24, 2026	Jun 30, 2026	$0.93
Dec 23, 2025	Dec 30, 2025	$0.42
Jun 24, 2025	Jun 30, 2025	$0.83
Dec 31, 2024	Jan 7, 2025	$0.0571
Dec 23, 2024	Dec 30, 2024	$0.16
Jun 24, 2024	Jun 28, 2024	$0.59
Dec 26, 2023	Jan 2, 2024	$0.27
Jun 26, 2023	Jun 30, 2023	$0.91
Dec 27, 2022	Dec 30, 2022	$0.0890
Sep 26, 2022	Sep 30, 2022	$0.0200
Jun 24, 2022	Jun 30, 2022	$0.67
Mar 25, 2022	Mar 31, 2022	$0.22

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