Goldman Sachs India Equity ETF

Goldman Sachs India Equity ETF (GIND) is an actively managed fund that picks stocks of companies tied to India and measures itself against the MSCI India IMI Index. Index-tracking peers such as iShares MSCI India ETF (INDA) copy a benchmark. GIND's managers choose and weight the stocks themselves, and the fund held 127 of them as of August 31, 2026. That costs 0.75% a year, compared with 0.62% for INDA and 0.19% for Franklin FTSE India ETF (FLIN).

• Over the year to Oct 27, 2026, GIND returned -14.6%, 3rd of 6 among similar funds.
• The deepest fall in its price history was 23% (Jul 1, 2025 to Mar 30, 2026), not yet recovered.

As of Aug 31, 2026, the fund held 127 securities; the ten largest made up 26.14% of assets.

• Over the three months to Aug 31, 2026, investors added a net $2.9M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.80%, +2.35%, +2.30%.

GIND is not an index fund. Goldman Sachs's managers decide what to own, and they compare results with the MSCI India IMI Index, a broad index of large, mid-size and small Indian companies. At least 80% of the fund must be in stocks of companies economically tied to India, of any size. That can include depositary receipts, which are certificates traded outside India that stand for local shares. Up to 20% can go outside India, up to 15% into new stock offerings (IPOs), and some can go into real estate investment trusts (REITs) or other ETFs.

The managers research companies one by one. They weigh each company's upside against its downside risk, how attractive it looks next to other holdings, and how it would change sector weights. The largest bets against the benchmark go to stocks with the most expected upside for the risk they add. As of August 31, 2026, the fund held 127 stocks and the top ten made up 26.1%. ICICI Bank was the largest at 5.5%. The fund is non-diversified, meaning it may put more money into fewer companies. Portfolio turnover was 22%.

The fund may use futures, options and forwards to try to add return or to hedge. As of August 31, 2026, it held one small Nifty 50 futures position. The benchmark is unhedged, so a weaker rupee lowers returns in dollars. The fund also creates and redeems shares mainly for cash, which can make it less tax-efficient than many other ETFs.

• GIND charges 0.75% a year, versus an average of 0.67% for the similar funds below (3rd of 6, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $— over 10 years (assuming a 5% annual return).

GIND is a single-country, non-diversified emerging-market stock fund with a short record, so it fits as a small add-on rather than a foundation.

GIND could add India exposure to a portfolio built mostly on US stocks. Its one-year beta was 0.78 and its volatility 17.4% as of October 27, 2026. The record is short. The fund launched April 1, 2025, so it missed the 2008, 2020 and 2022 downturns and has no full calendar year yet. Its deepest drop was 23%, from July 1, 2025 to March 30, 2026, and it had not recovered by October 27, 2026. Someone who had to sell shares during that stretch would have locked in losses. Income is small: the yield was 0.74% as of October 27, 2026, paid once a year. In the SEC's standard example, $10,000 invested would cost about $77 in fees in the first year and $240 over three years. Past results don't predict the future, and a retirement plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.