Goldman Sachs Data-Driven World ETF

Data updated: 2020-11-13

C000205321 — Goldman Sachs Data-Driven World ETF. Commodity · $41.33M AUM · 0.50% expense ratio. Holdings, fees, performance and SEC filings.

C000205321 Fund Overview

Goldman Sachs Data-Driven World ETF is a US ETF managed by Goldman Sachs ETF Trust, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US ETF
  • Manager: Goldman Sachs ETF Trust
  • Category: Commodity
  • Assets under management: $41.33M
  • 1-year return: 41.6%
  • SEC CIK: 0001479026
  • SEC series ID: S000063325
  • Share class ID: C000205321

C000205321 Investment Objective and Strategy

Goldman Sachs Data-Driven World ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Goldman Sachs ETF Trust.

Investment objective

"The Goldman Sachs Motif Data-Driven World ETF (the ""Fund"") seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Motif Data-Driven World Index (the ""Index"")."

Principal investment strategy

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. The Index is designed to deliver exposure to companies with common equity securities listed on exchanges in certain developed markets that may benefit from the on-going rapid increase in electronically recorded data in the world and its impact on the lifecycle of data delivery and processing (the Data-Driven World Theme). This lifecycle includes the recording, transmission, storage and processing, securing and analysis of data. The focus of the Index is to identify and weight companies that originate data solutions, as well as companies that deploy data solutions to solve business problems.

The Data-Driven World Theme is separated into multiple sub-themes (each a Sub-Theme, and collectively, the Sub-Themes), each of which relates to a part of the data lifecycle. The Sub-Themes are: Internet of Things Sub-Theme: the Sub-Theme represents companies that may benefit from the development of the Internet of Things. For the purposes of the Index, Internet of Things refers to the collection of consumer and industrial network-connected devices beyond traditional appliances. Data Infrastructure Sub-Theme: the Sub-Theme represents companies that may benefit from the expansion in physical infrastructure to transmit and store data. For the purposes of the Index, Data Infrastructure refers to the range of hardware components needed for transmission and storage of large quantities of data, such as routers and switches, wired and wireless transmission networks, and high-density storage.

Big Data Sub-Theme: the Sub-Theme represents companies that may benefit from the development of Big Data technologies. For the purposes of the Index, Big Data refers to the set of software technologies associated with the storage, processing and analytics of large-scale structured and unstructured data. Cybersecurity Sub-Theme: the Sub-Theme represents companies that may benefit from the need to secure data in an online world. For the purposes of the Index, Cybersecurity refers to the practice of ensuring the integrity, confidentiality and availability of information. Artificial Intelligence Sub-Theme: the Sub-Theme represents companies that may benefit from the development of Artificial Intelligence. For the purposes of the Index, Artificial Intelligence refers to the ability of a machine to perform cognitive tasks typically associated with human brains, such as perception, reasoning, learning, interacting with the environment and problem solving.

The eligible universe of stocks is comprised of common equity securities, including depositary receipts, of companies located across developed and emerging markets worldwide, listed and traded on major exchanges in certain developed markets, including: Australia, Canada, France, Germany, Hong Kong, Japan, South Korea, Switzerland, the Netherlands, the United Kingdom and the United States. In addition, company and stock screens are applied to set minimum liquidity and investability requirements for stocks in the eligible universe. Motif Capital Management, Inc. (the Index Provider) determines the components of the Index based on their exposure to the Data-Driven World Theme, and their weights in the Index in accordance with a rules-based methodology that involves five steps. Step 1 In the first step, a quantitative measurement is made of the exposure of companies in the eligible universe to each Sub-Theme (a Sub-Theme Thematic Beta).

To calculate a Sub-Theme Thematic Beta, the Index Provider applies automated semantic search algorithms to multiple datasets and documents to score the relevance of a Sub-Theme to a company. The datasets and documents used include one or more of (1) regulatory filings filed with the applicable regulators or major stock exchanges in certain developed markets, (2) academic journals, and (3) patent filings (the Search Corpus). Each dataset and document in the Search Corpus is scored for the relevance of the Sub-Theme by applying an automated semantic search algorithm. This algorithm assigns a score to the dataset or document based on the topic, document length, and number of mentions of the topic, among other factors. Datasets and documents with a non-zero score are then mapped, if possible, to a company.

Multiple entries within a type of Search Corpus for each company are then combined to make a single score. This results in up to three quantitative measurements of the relevance of the Sub-Theme to a company: the Filing Search Beta, sourced from the regulatory filings; the Academic Beta, sourced from academic journals; and the Patent Beta, sourced from patent filings. The three quantitative measurements are then combined to give a company an overall Sub-Theme Thematic Beta. Step 2 In the second step, a companys Sub-Theme Thematic Betas for all Sub-Themes are combined to give the company a single Data-Driven World Thematic Beta. The Index Universe consists of all companies with a non-zero Data-Driven World Thematic Beta (the Index Universe). Step 3 In the third step, each company in the Index Universe is mapped, if possible, to one or more common equity securities listed on major stock exchanges in certain developed markets.

If no relevant security is found, the company is removed from the Index Universe. Step 4 In the fourth step, liquidity, investability and theme relevance screens are applied to the Index Universe. Stocks of companies with any of the following characteristics are removed from the Index Universe: An average daily trading volume over the most recent 30-day period (ADTV) of less than $1,000,000 in U.S. dollars; A total market capitalization of less than $500,000,000 in U.S. dollars; Less than 50 days of historical returns data over the most recent 90-day period; or A Data-Driven World Thematic Beta below a fixed threshold. All remaining stocks are included in the Index. In addition, if the size of the remaining Index Universe is greater than 120 stocks, the final Index Universe is reduced to 120 stocks based on a function of Data-Driven World Thematic Beta, market variables and the weight of the stock from the previous rebalancing, if any.

Step 5 In the fifth step, stocks are weighted according to a function of a companys market capitalization and Data-Driven World Thematic Beta. A minimum weight of 0.1% and a maximum weight of the lesser of 5% or the ADTV of such stock multiplied by 10 -9 (for example, an ADTV of $10 million would correspond to a maximum weight of 1%) are applied to each stock to reduce concentration in individual securities and increase diversification of the Index. The Index is reconstituted and rebalanced quarterly on the third Friday of each February, May, August and November. As of November 15, 2019, the Index consisted of 120 securities with a market capitalization range of between approximately $602 million and $1.18 billion from issuers primarily located in Asia, North America, South America, and Western Europe.

The components of the Index may change over time. The percentage of the portfolio exposed to any industry, country or geographic region will vary from time to time as the weightings of the securities within the Index change, and the Fund may not be invested in each industry, country or geographic region at all times. Given the Funds investment objective of attempting to track its Index, the Fund does not follow traditional methods of active investment management, which may involve buying and selling securities based upon analysis of economic and market factors. The Index is comprised of equity securities, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The Fund seeks to invest in the Index components in approximately the same weighting that such components have within the Index at the applicable time.

The Fund may purchase a sample of securities in its Index. There may also be instances in which the Investment Adviser may choose to underweight or overweight a security in the Funds Index, purchase securities not in the Funds Index that the Investment Adviser believes are appropriate to substitute for certain securities in such Index or utilize various combinations of other available investment techniques. The Fund may also invest up to 20% of its assets in securities and other instruments not included in its Index but which the Investment Adviser believes are correlated to its Index, as well as in, among other instruments, futures (including index futures), swaps, other derivatives, investment companies (including exchange-traded funds (ETFs)), preferred stocks, warrants and rights, cash and cash equivalents and money market instruments.

The Fund may concentrate its investments (i.e., hold more than 25% of its total assets) in a particular industry or group of industries to the extent that the Index is concentrated. The degree to which components of the Index represent certain sectors or industries may change over time.

C000205321 Performance

Total returns for C000205321 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year41.6%

C000205321 Risk Information

Risk metrics for C000205321, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 21.6%

C000205321 Costs and Fees

C000205321 costs about $50 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.50%
  • Gross expense ratio: 0.50%
  • Portfolio turnover: 17%
  • Brokerage commissions: 1.05 bps of average net assets (SEC N-CEN)

C000205321 Cashflows

Over the 12 months to 2020-08, Goldman Sachs Data-Driven World ETF had net inflows of $21.50M, from monthly SEC N-PORT filings.

MonthNet flow
2020-08$0
2020-07$3.35M
2020-06$4.47M
2020-05$0
2020-04$1.29M
2020-03$6.51M

C000205321 Debt Constituents

No individual debt constituents are reported in Goldman Sachs Data-Driven World ETF's latest SEC N-PORT filing.

C000205321 Prospectus and SEC Filings

Official Goldman Sachs Data-Driven World ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Commodity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.