Goldman Sachs JUST U.S. Large Cap Equity ETF

Shareclass
Goldman Sachs JUST US Large Cap Eq ETF (JUST)
Type
Exchange-traded fund
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, below the threshold of 0.5%. Assigned a grade of C.
How we track deforestation-risk investments
C
17.11%
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
42
holdings flagged
17%
of assets flagged
This fund contains
 $54.76 MILLION invested 
in holdings flagged for deforestation risk
Take action
producers
Commodity producers
5 holdings
0.24% of assets
$774,574 invested
banks
Banks and lenders
4 holdings
3.3% of assets
$10.57 MILLION invested
consumers
Major consumer brands
38 holdings
14% of assets
$44.19 MILLION invested
Commodity producers
Commodity producers
5 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%.
5 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Archer-Daniels Midland Co
    Soy producerPalm oil producer
    0.09%0.09% of portfolio
    $294,129$294,129 invested
    Soy producerPalm oil producer
  • 2. Tyson Foods Inc Class A
    Soy producerCattle producer
    0.05%0.05% of portfolio
    $159,352$159,352 invested
    Soy producerCattle producer
  • 3. Bunge Global SA
    Soy producerPaper/pulp producerPalm oil producer
    0.04%0.04% of portfolio
    $126,321$126,321 invested
    Soy producerPaper/pulp producerPalm oil producer
  • 4. WestRock Co
    Paper/pulp producer
    0.03%0.03% of portfolio
    $103,267$103,267 invested
    Paper/pulp producer
  • 5. Hormel Foods Corp
    Soy producerCattle producer
    0.03%0.03% of portfolio
    $91,505$91,505 invested
    Soy producerCattle producer
Banks and lenders
Banks and lenders
4 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).
4 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    1.75%1.75% of portfolio
    $5.6M$5.6M invested
  • 2. Bank of America Corp
    0.81%0.81% of portfolio
    $2.61M$2.61M invested
  • 3. Citigroup Inc
    0.37%0.37% of portfolio
    $1.2M$1.2M invested
  • 4. Morgan Stanley
    0.36%0.36% of portfolio
    $1.17M$1.17M invested
Major consumer brands
Major consumer brands
38 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).
38 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Amazon.com Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    4.7%4.7% of portfolio
    $15.03M$15.03M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. The Home Depot Inc
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
    1.19%1.19% of portfolio
    $3.8M$3.8M invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
  • 3. Procter & Gamble Co
    Paper/pulp major consumer brandPalm oil major consumer brand
    1.15%1.15% of portfolio
    $3.67M$3.67M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 4. Costco Wholesale Corp
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.04%1.04% of portfolio
    $3.32M$3.32M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. Walmart Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.79%0.79% of portfolio
    $2.54M$2.54M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
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DATA AS OF 31 Jan 2024
Financial performance
Performance data provided byMorningstarFind more financial data on JUST at Morningstar.com
Current fund
JUST
Goldman Sachs JUST U.S. Large Cap Equity ETF
Family
Goldman Sachs
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.2% less in annualized returns
More invested in commodity producers 
0.02% more invested
More invested in banks and lenders 
0.96% more invested
More invested in major consumer brands 
1.63% more invested
Current fund
JUST
Goldman Sachs JUST U.S. Large Cap Equity ETF
Family
Goldman Sachs
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.2% less in annualized returns
More invested in commodity producers 
0.02% more invested
More invested in banks and lenders 
0.96% more invested
More invested in major consumer brands 
1.63% more invested
Current fund
JUST
Goldman Sachs JUST U.S. Large Cap Equity ETF
Family
Goldman Sachs
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 1/31/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 5-yr returns 
-0.2% less in annualized returns
More invested in commodity producers 
0.02% more invested
More invested in banks and lenders 
0.96% more invested
More invested in major consumer brands 
1.63% more invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
JUST - Goldman Sachs JUST U.S. Large Cap Equity ETF
20%
10%
14%
/
0.24% 
Benchmark
IVV - iShares Core S&P 500 ETF
21%
11%
14%
13%
0.22% 
Fund compared to benchmark
 
-1.03%
-0.62%
-0.2%
/
0.02%  higher
Find more financial data on JUST at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
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