Goldman Sachs Small Cap Equity ETF (GSC) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing, under normal circumstances, at least 80% of its net assets in equity securities issued by small-cap companies, which are defined as those with relatively small market capitalizations; the portfolio primarily comprises U.S. small-cap equities across sectors including financial services, industrials, healthcare, technology, and consumer cyclical, with top holdings such as Moog Inc., Halozyme Therapeutics Inc., Federal Signal Corp., SPX Technologies Inc., and Piper Sandler Companies; the fund is non-diversified, may invest up to 25% in international and emerging market stocks, and exhibits higher volatility associated with small-cap securities. Launched on October 3, 2023, and listed on NYSE Arca, GSC is managed by Goldman Sachs Asset Management, a division of The Goldman Sachs Group, Inc., with headquarters in New York, New York, and operates primarily in U.S. markets while serving global investors through exchange-traded accessibility. As of late 2025, the fund maintains assets under management of approximately $142 million to $152 million, a net expense ratio of 0.75%, and around 98 to 103 holdings, positioning it within the small blend category benchmarked against the Russell 2000 Index. In recent developments, Goldman Sachs Asset Management has expanded its ETF platform significantly, including the completion of conversions of four mutual funds to ETFs in December 2025 with combined $1.5 billion in assets under supervision, enhancing tax efficiency and trading flexibility; an agreement announced in December 2025 to acquire Innovator Capital Management, managing $28 billion in defined outcome ETFs, to bolster its active ETF offerings; and ongoing launches of new active ETFs across equities and fixed income in 2025, reflecting strategic growth in the ETF segment without specific changes directly impacting GSC.