- CEO
- Raj Garigipati
- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 200 West Street New York NY United States of America 10282
- IPO Date
- Jun 13, 2023
- Business
- Goldman Sachs ETF Trust II - Goldman Sachs MarketBeta Total International Equity ETF (GXUS) is an exchange-traded fund that seeks to provide investment results corresponding to the performance, before fees and expenses, of the Solactive GBS Global Markets ex United States Large & Mid Cap Index. The fund employs a full replication technique to track the index, which measures equity securities of large- and mid-capitalization issuers covering approximately the largest 85% of the free-float market capitalization in developed and emerging markets outside the United States; it invests primarily in growth and value stocks across diversified sectors and market capitalizations, with approximately 2,848 holdings including top positions in Taiwan Semiconductor Manufacturing Co Ltd, Novo Nordisk A/S, ASML Holding NV, Tencent Holdings Ltd, and Samsung Electronics Co Ltd. Assets under management stand at around $550 million, with a net expense ratio of 0.18%, a 30-day SEC yield of 2.18%, and sector allocations led by financials (21.0%), Europe ex-UK (29.6%), and Asia ex-Japan (30.5%).
Launched on May 31, 2023, and domiciled in the United States, GXUS lists on the NYSE Arca exchange and forms part of the Goldman Sachs ETF Trust II, an open-end management investment company organized as a Delaware statutory trust under Goldman Sachs Asset Management, L.P., the investment adviser and affiliate of The Goldman Sachs Group, Inc., headquartered in New York. The fund targets investors seeking broad, cost-effective exposure to non-U.S. equities in the foreign large blend category, with geographic focus on regions such as Asia ex-Japan, Europe ex-UK, Japan, and North America (ex-U.S.), spanning developed and emerging markets.
In recent developments, Goldman Sachs Asset Management expanded its ETF capabilities through the December 2025 agreement to acquire Innovator Capital Management for approximately $2 billion, adding over 150 defined-outcome ETFs managing $28 billion in assets and positioning the combined entity among the top ten active ETF providers globally with more than 215 strategies and $75 billion in assets under supervision; the deal, expected to close in Q2 2026, follows the October 2025 acquisition of Industry Ventures to bolster venture capital and alternatives platforms, as well as a September 2025 $1 billion strategic investment in T. Rowe Price for retirement and wealth products. Additionally, in December 2025, Goldman Sachs Asset Management launched three actively managed UCITS ETFs in EMEA—targeting government bonds, EUR-denominated strategies, and emerging markets—further diversifying its active ETF offerings amid ETF market growth. These moves reflect Goldman Sachs' strategic shift toward durable revenue streams in asset and wealth management, enhancing distribution of passive products like GXUS.