Goldman Sachs ActiveBeta® International Equity ETF

Shareclass
Goldman Sachs ActiveBeta® Intl Eq ETF (GSIE)
Type
Exchange-traded fund
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 1.5%. Assigned a grade of F.
How we track deforestation-risk investments
F
17.38%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
73
holdings flagged
17%
of assets flagged
This fund contains
 $663.81 MILLION invested 
in holdings flagged for deforestation risk
Take action
producers
Commodity producers
11 holdings
1.87% of assets
$71.48 MILLION invested
banks
Banks and lenders
20 holdings
6.78% of assets
$258.76 MILLION invested
consumers
Major consumer brands
46 holdings
9.58% of assets
$365.92 MILLION invested
Commodity producers
Commodity producers
11 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
11 HOLDINGS
  • % of portfolio
    $ invested
  • 1. WH Group Ltd Shs Unitary 144A/Reg S
    Cattle producer
    0.34%0.34% of portfolio
    $12.9M$12.9M invested
    Cattle producer
  • 2. Mitsubishi Corp
    Palm oil producer
    0.31%0.31% of portfolio
    $11.69M$11.69M invested
    Palm oil producer
  • 3. ITOCHU Corp
    Timber producerRubber producerPaper/pulp producerPalm oil producer
    0.25%0.25% of portfolio
    $9.5M$9.5M invested
    Timber producerRubber producerPaper/pulp producerPalm oil producer
  • 4. Jardine Matheson Holdings Ltd
    Palm oil producer
    0.23%0.23% of portfolio
    $8.81M$8.81M invested
    Palm oil producer
  • 5. Associated British Foods PLC
    Soy producerPalm oil producer
    0.18%0.18% of portfolio
    $6.76M$6.76M invested
    Soy producerPalm oil producer
View next 5
Banks and lenders
Banks and lenders
20 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
20 HOLDINGS
  • % of portfolio
    $ invested
  • 1. HSBC Holdings PLC
    0.81%0.81% of portfolio
    $30.97M$30.97M invested
  • 2. Commonwealth Bank of Australia
    0.66%0.66% of portfolio
    $25.38M$25.38M invested
  • 3. Deutsche Bank AG
    0.49%0.49% of portfolio
    $18.83M$18.83M invested
  • 4. Mitsubishi UFJ Financial Group Inc
    0.44%0.44% of portfolio
    $16.66M$16.66M invested
  • 5. Banco Bilbao Vizcaya Argentaria SA
    0.41%0.41% of portfolio
    $15.6M$15.6M invested
View next 5
Major consumer brands
Major consumer brands
46 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
46 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Nestle SA
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.96%0.96% of portfolio
    $36.61M$36.61M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Shell PLC
    Soy major consumer brandPalm oil major consumer brand
    0.64%0.64% of portfolio
    $24.59M$24.59M invested
    Soy major consumer brandPalm oil major consumer brand
  • 3. Lvmh Moet Hennessy Louis Vuitton SE
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.53%0.53% of portfolio
    $20.13M$20.13M invested
    Cattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 4. Koninklijke Ahold Delhaize NV
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.48%0.48% of portfolio
    $18.42M$18.42M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. L'Oreal SA
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.47%0.47% of portfolio
    $17.91M$17.91M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
View next 5
View more info
DATA AS OF 30 Apr 2025
Financial performance
Performance data provided byMorningstarFind more financial data on GSIE at Morningstar.com
Current fund
GSIE
Goldman Sachs ActiveBeta® International Equity ETF
Family
Goldman Sachs
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
1.51% more in annualized returns
More invested in commodity producers 
0.69% more invested
More invested in banks and lenders 
0.98% more invested
More invested in major consumer brands 
2.12% more invested
Current fund
GSIE
Goldman Sachs ActiveBeta® International Equity ETF
Family
Goldman Sachs
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
1.51% more in annualized returns
More invested in commodity producers 
0.69% more invested
More invested in banks and lenders 
0.98% more invested
More invested in major consumer brands 
2.12% more invested
Current fund
GSIE
Goldman Sachs ActiveBeta® International Equity ETF
Family
Goldman Sachs
Category
Foreign Large Blend
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
1.51% more in annualized returns
More invested in commodity producers 
0.69% more invested
More invested in banks and lenders 
0.98% more invested
More invested in major consumer brands 
2.12% more invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
GSIE - Goldman Sachs ActiveBeta® International Equity ETF
15%
9.87%
12%
/
1.87% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
13%
8.32%
10%
4.72%
1.19% 
Fund compared to benchmark
 
2.56%
1.55%
1.51%
/
0.69%  higher
Find more financial data on GSIE at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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