Key stats
About GOLDMAN SACHS ETF TRUST ACTIVEBETA PARIS-ALIGNED CLIMATE US LARG
Expense ratio
0.20%
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Inception date
Dec 13, 2021
Goldman Sachs ActiveBeta Paris-Aligned U.S. Large Cap Equity Index - Benchmark TR Gross
The security was delisted. The last day of trading on an exchange is January 12, 2024. GPAL is a passively managed fund that combines Goldman Sachs ActiveBeta strategy with ESG screens that are aligned with the goals of the Paris Climate Agreement, that is to combat climate change and its long-term effects. To construct the portfolio, the fund initially narrows down its reference index (Solactive US Large Cap Index) by removing companies involved in controversial industries such as weapons, tobacco, and fossil fuels. In addition, firms that are deemed non-compliant with the UN Global Compact principles are also excluded. Remaining securities are assigned with a factor score in order to create four sub-indices focusing on: value, momentum, quality, and low volatility. These four sub-indices are then combined in equal weights to form the Factor Diversity Portfolio. Final security weights are adjusted in accordance with the funds target greenhouse gas emission intensity, low carbon impact, and overall factor exposures. The index rebalances quarterly.
Classification
What's in the fund
Exposure type
Mutual fund
Stock breakdown by region