Goldman Sachs New Age Consumer ETF

Data updated: 2020-11-13

C000205325 — Goldman Sachs New Age Consumer ETF. Commodity · $62.14M AUM · 0.50% expense ratio. Holdings, fees, performance and SEC filings.

C000205325 Fund Overview

Goldman Sachs New Age Consumer 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: $62.14M
  • 1-year return: 57.6%
  • SEC CIK: 0001479026
  • SEC series ID: S000063329
  • Share class ID: C000205325

C000205325 Investment Objective and Strategy

Goldman Sachs New Age Consumer 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 New Age Consumer ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Motif New Age Consumer 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 structural shifts in the consumer market due to changes in demographics, technology and preferences (the New Age Consumer Theme). The focus of the Index is to identify and weight companies that are originating and monetizing new consumer products, as well as those creating and supporting the infrastructure to produce them.

The New Age Consumer Theme is separated into multiple sub-themes (each a Sub-Theme, and collectively, the Sub-Themes). The Sub-Themes are: E-commerce Sub-Theme: the Sub-Theme represents companies that may benefit from the expansion of e-commerce. For the purposes of the Index, E-commerce refers to the purchase and delivery of goods and services over the internet. Social Media Sub-Theme: the Sub-Theme represents companies that may benefit from the development of social media. For the purposes of the Index, Social Media refers to online platforms that connect people and allow members to interact with one another. Online Gaming Sub-Theme: the Sub-Theme represents companies that may benefit from the popularity of online gaming. For the purposes of the Index, Online Gaming refers to a game that is either partially or primarily played through the internet, including video games and games that may have traditionally been delivered in person, such as betting.

Online Music and Video Sub-Theme: the Sub-Theme represents companies that may benefit from demand for music and video delivered over the internet. For the purposes of the Index, Online Music and Video refers to the digital distribution of music and video. Experiences over Goods Sub-Theme: the Sub-Theme represents companies that may benefit from demand by consumers for experiences relative to goods. For the purposes of the Index, Experiences over Goods refers to demand for experiences, and the goods that relate to those experiences, relative to the demand for physical goods unrelated to those experiences. Evolution of Education Sub-Theme: the Sub-Theme represents companies that may benefit from the evolution of education. For the purposes of the Index, Evolution of Education refers to the delivery of educational materials over the internet, such as interactive and non-interactive multimedia content, the streaming of lectures and the delivery of teaching and tutoring services online, and for-profit education services in emerging markets.

Health and Wellness Sub-Theme: the Sub-Theme represents companies that may benefit from consumer interest in health and wellness. For the purposes of the Index, Health and Wellness refers to consumer health-related goods and services outside of traditional healthcare, for example relating to nutrition, exercise and health tracking. 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 New Age Consumer 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 the Sub-Theme Thematic Beta, the Index Provider applies automated semantic search algorithms to multiple regulatory filings filed with the applicable regulators or major stock exchanges in certain developed markets to score the relevance of a Sub-Theme to a company. Each regulatory filing is scored for the relevance of the Sub-Theme by applying an automated semantic search algorithm.

This algorithm assigns a score to the regulatory filing based on the topic, document length, and number of mentions of the topic, among other factors. Regulatory filings scoring above a fixed theme relevance threshold are then mapped, if possible, to a company. For each company that has a total market capitalization of at least $500,000,000 in U.S. dollars, a stock with an average daily trading volume over the most recent 30-day period (ADTV) of at least $1,000,000 in U.S. dollars and at least 50 days of historical returns data over the most recent 90-day period, the companys reported revenue streams are examined to determine whether each revenue stream is relevant to the Sub-Theme. The companys Sub-Theme Thematic Beta is equal to the sum of all revenue streams of such company that are theme-relevant divided by the companys total revenue.

Step 2 In the second step, a companys Sub-Theme Thematic Betas for all Sub-Themes are combined to give the company a single New Age Consumer Thematic Beta. The Index Universe consists of all companies with a non-zero New Age Consumer 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 characteristics below fixed ADTV, market capitalization, performance history and New Age Consumer Thematic Beta thresholds are removed from the Index Universe.

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 New Age Consumer 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 New Age Consumer 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 $808 million and $862 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.

C000205325 Performance

Total returns for C000205325 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year57.6%

C000205325 Risk Information

Risk metrics for C000205325, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 27.1%

C000205325 Costs and Fees

C000205325 costs about $50 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.50%
  • Gross expense ratio: 0.50%
  • Portfolio turnover: 7%
  • Brokerage commissions: 1.86 bps of average net assets (SEC N-CEN)

C000205325 Cashflows

Over the 12 months to 2020-08, Goldman Sachs New Age Consumer ETF had net inflows of $42.86M, from monthly SEC N-PORT filings.

MonthNet flow
2020-08$0
2020-07$16.92M
2020-06$11.92M
2020-05$4.32M
2020-04$0
2020-03$6.65M

C000205325 Debt Constituents

No individual debt constituents are reported in Goldman Sachs New Age Consumer ETF's latest SEC N-PORT filing.

C000205325 Prospectus and SEC Filings

Official Goldman Sachs New Age Consumer ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

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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.