Goldman Sachs ActiveBeta Paris-Aligned U.S. Large Cap Equity ETF (GPAL) is an exchange-traded fund that seeks to provide investment results corresponding to the Goldman Sachs ActiveBeta Paris-Aligned U.S. Large Cap Equity Index, which targets large capitalization U.S. issuers while aligning with Paris Agreement climate goals through low-carbon exposure, climate transition leadership, and fossil fuel screen exclusions. The ETF offers diversified equity exposure across sectors including technology services, electronic technology, finance, and health technology; it holds approximately 332 securities with 98.42% in large-cap stocks, emphasizing ESG criteria such as reduced carbon emissions intensity and improved climate solutions scores. Issued by Goldman Sachs ETF Trust under Goldman Sachs Asset Management, L.P., the fund was launched on December 13, 2021, and is headquartered in New York, with primary operations focused on the U.S. market for institutional and retail investors seeking sustainable large-cap blend equity strategies.
The ETF employs a tiered weighting scheme derived from multi-factor ActiveBeta methodology, combining value, momentum, quality, and low volatility factors to outperform traditional market-cap weighted benchmarks at similar risk levels, while maintaining Paris-aligned sustainability screens. It distributes dividends quarterly, with a trailing 12-month yield of approximately 1.24% as of recent data, and features an expense ratio in line with competitive ESG equity ETFs. GPAL primarily serves target markets in North America, with nearly all assets (99.98%) allocated to U.S.-domiciled equities.
In recent developments, Goldman Sachs Asset Management announced portfolio manager changes effective July 29, 2025, for certain ActiveBeta ETFs, alongside broader ETF expansions including the avoidance of liquidation plans previously considered in 2023. The firm pursued significant strategic growth through its November 30, 2025, agreement to acquire Innovator Capital Management for $2 billion, adding $28 billion in assets under supervision across 159 defined-outcome ETFs and bolstering its active ETF capabilities, with closure expected in Q2 2026. These moves reflect Goldman Sachs' ongoing expansion in sustainable and active ETFs amid rising demand for climate-aligned and outcome-oriented products.