At a glance
GGUS charges 0.12% a year, above the 0.1% average of the 8 funds most like it (the 6th cheapest of 9). It has $477.6M in assets, the 9th largest of that group; it paid 0.41% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +2.2% with distributions reinvested (S&P 500: +11.5%), 6th of those 9 funds. Its ten largest positions make up 49.4% of the fund, out of 359 in all.
The short version
Marketbeta Russell 1000 Growth Equity ETF (GGUS) is a Goldman Sachs index fund. It tracks the Russell 1000 Growth 40 Act Daily Capped Index, which held about 390 large and mid-sized US growth companies as of December 1, 2025. The index limits how much its biggest companies can weigh. At 0.12% a year, GGUS costs more than Vanguard Russell 1000 Growth ETF (VONG, 0.07%) but less than iShares Russell 1000 Growth ETF (IWF, 0.19%).
Price history
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GGUS +2.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GGUS official prospectus, to Dec 31, 2024 | — | +33.26% | — | — | — | — |
| GGUS price data to Oct 27, 2026 | +4.8% | +2.2% | — | — | — | +19.7% |
- Over the year to Oct 27, 2026, GGUS returned +2.2%, 6th of 9 among similar funds.
- Its worst full calendar year was 2025 (+17.3%); its best was 2024 (+31.3%).
- The deepest fall in its price history was 22.6% (Dec 16, 2024 to Apr 8, 2025), recovered by Jun 25, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +4.8% | — |
| 2025 | +17.3% | — |
| 2024 | +31.3% | +30.84% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.2100 | |
| 2025 | $0.2800 | -44.6% |
| 2024 | $0.5055 |
What's inside
As of Aug 31, 2026, the fund held 359 securities; the ten largest made up 49.43% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORP | 13.31% | |
| ALPHABET INC Class A | 5.20% | |
| MICROSOFT CORP | 4.77% | |
| ALPHABET INC Class C | 4.19% | |
| APPLE INC | 3.90% | |
| MICRON TECHNOLOGY INC | 3.81% | |
| TESLA INC | 3.79% | |
| BROADCOM INC | 3.78% | |
| META PLATFORMS INC | 3.43% | |
| ELI LILLY & COMPANY | 3.25% | |
| ADVANCED MICRO DEVICES INC | 2.70% | |
| VISA INC | 2.21% | |
| MASTERCARD INC | 1.68% | |
| PALANTIR TECHNOLOGIES INC | 1.46% | |
| LAM RESEARCH CORP | 1.33% |
By country
United States 97.85%Ireland 0.48%Cayman Islands 0.44%Luxembourg 0.3%United Kingdom 0.22%By asset type
Stocks 99.7%By sector
Sectors of the companies held, for the 90% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $29.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -0.75%, -5.79%, +3.92%.
How it works
GGUS tracks an index owned and calculated by FTSE Russell. The index starts with the Russell 1000 Index, which covers large and mid-sized US companies. It keeps the ones with growth traits: higher price-to-book ratios (a stock's price compared with the company's net worth on its books), higher forecast medium-term growth and faster past sales growth per share. As of December 1, 2025, it held 390 stocks. Each stock is weighted by free-float market value, so bigger companies count for more. Only shares available to the public are counted.
The "capped" part matters. At each quarterly rebalance, all companies weighing more than 4.5% can make up no more than 22.5% of the index combined. No single company can exceed 22.5%. Between rebalances the index is checked daily against looser limits of 4.8% and 24%. These caps keep the fund "diversified" under the Investment Company Act of 1940. Even so, NVIDIA alone made up 13.3% of the fund as of August 31, 2026.
Goldman Sachs does not pick stocks. It aims to hold the index's stocks in roughly the index's weights, though it may hold a sample or use substitutes. Portfolio turnover was 45%. The fund uses no leverage or options. As of August 31, 2026, its only derivative was a tiny position in E-mini Russell 1000 Growth Index futures.
What it really costs
- GGUS charges 0.12% a year, versus an average of 0.1% for the similar funds below (6th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $12 in the first year and $154 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GGUS | $12 | $39 | $68 | $154 |
In a retirement portfolio
Technology made up 47% of assets and the top 10 positions about 49%, so GGUS works better as a growth add-on than as a portfolio's foundation.
GGUS could add low-cost exposure to large US growth companies alongside broader stock and bond funds. Its record is short. It launched on November 28, 2023, so it has no history from the 2008, 2020 or 2022 downturns. Its deepest drop was 22.6%, from December 16, 2024, to April 8, 2025. It got back to its old high by June 25, 2025, about 2.6 months after the low. Its weakest full calendar year, 2025, still gained 17.3% based on market price. Anyone who had to sell shares near the April 2025 low would have locked in that loss.
Income is slim. The trailing yield was 0.41% as of October 27, 2026, paid quarterly. Costs are low: under the SEC's standard example, $10,000 invested would cost $154 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting large US growth stocks. NVIDIA, Alphabet and Microsoft together made up about 27% of assets as of August 31, 2026.
- People who like an index that caps the combined weight of its biggest companies at 22.5% at each quarterly rebalance.
- Holders looking for a growth add-on beside broader funds who can accept swings: beta was 1.31 over the year to October 27, 2026.
Look elsewhere if
- Cost-focused investors: VUG, SPYG and IUSG charged 0.04% and VONG charged 0.07%, compared with 0.12% for GGUS.
- Retirees who need income from their funds: the trailing yield was just 0.41% as of October 27, 2026, paid quarterly.
- Anyone wary of concentration: technology was 47% of the fund and NVIDIA alone 13.3% as of August 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GGUS this fund | — | 0.12% | $477.6M | +2.2% | — |
| IWF iShares Russell 1000 Growth ETF | 91% | 0.19% | $128.90B | -3.7% | +20.3% |
| VONG Vanguard Russell 1000 Growth ETF | 91% | 0.07% | $54.28B | -2.3% | +22.4% |
| IWY iShares Russell Top 200 Growth ETF | 84% | 0.2% | $16.96B | -3.4% | +20.7% |
| VUG Vanguard Growth ETF | 74% | 0.04% | $379.29B | +3.8% | +25.1% |
| IUSG iShares Core S&P U.S. Growth ETF | 72% | 0.04% | $32.22B | +7.6% | +24.8% |
| SPYG SPDR Portfolio S&P 500 Growth ETF | 72% | 0.04% | $52.99B | +7.2% | +25.3% |
| IVW iShares S&P 500 Growth ETF | 72% | 0.18% | $74.97B | +7.0% | +25.2% |
Questions investors ask
What is GGUS ETF and what does it hold?
GGUS is a Goldman Sachs index ETF that tracks the Russell 1000 Growth 40 Act Daily Capped Index from FTSE Russell. The index picks large and mid-sized US companies with higher price-to-book ratios (share price compared with accounting value) and stronger sales growth. As of August 31, 2026, the fund held 359 holdings, with 49.4% in the top 10. NVIDIA led at 13.3%, followed by Alphabet's two share classes (5.2% and 4.2%), Microsoft (4.8%) and Apple (3.9%). Technology made up about 47% of assets.
What's the difference between GGUS and VONG?
The main differences are cost and size. The two funds share about 91% of their holdings. VONG, the Vanguard Russell 1000 Growth ETF, charges 0.07% a year, compared with 0.12% for GGUS. VONG had about $54.3 billion in net assets and GGUS had about $477.6 million, both as of August 31, 2026. GGUS's index also limits the combined weight of its biggest companies. That cap helps keep the fund classified as diversified under the Investment Company Act of 1940.
What is the GGUS expense ratio?
GGUS has an expense ratio of 0.12%, according to its prospectus filed December 29, 2025. The expense ratio is the yearly fee taken out of fund assets. The SEC's standard example assumes $10,000 invested, a 5% yearly return and a sale at the end. On that basis, costs would be about $12 after one year and $154 after 10 years. GGUS costs less than IWF (0.19%) but more than VONG (0.07%) and VUG (0.04%). The similar funds averaged 0.10%, and GGUS ranked 6th of 9 on cost.
How has GGUS performed since launch?
GGUS returned 30.84% in 2024, its first full calendar year, according to its prospectus. Based on market price, it gained 17.33% in 2025 and 4.75% year to date through October 27, 2026. Its 1-year price return was 2.2% as of October 27, 2026. The fund launched on November 28, 2023, so it has no record through a long bear market like 2022's. Its largest drop was 22.6%, from December 16, 2024 to April 8, 2025. It had recovered by June 25, 2025.
Is GGUS good for retirement income?
GGUS is built for growth, not income. It pays dividends quarterly, but the payouts are small. Its trailing 12-month yield (the past year's payouts divided by the share price) was 0.41% as of October 27, 2026, or about $0.27 per share. It also swings more than the market. Its 1-year beta, a measure of how strongly it moves with the market, was 1.31. It may suit retirees who want a growth portion alongside steadier, higher-yielding holdings and can accept sharp declines.