Goldman Sachs Future Tech Leaders Equity ETF

Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an actively managed fund. Its managers pick about 60 U.S. and foreign technology stocks and focus on companies worth less than $100 billion, not the giants that lead most tech funds. As of August 31, 2026, about 21% of the fund was in Taiwan. It charges 0.75% a year, more than the 0.52% average of similar funds, and it fell about 47% in 2022.

• Over the year to Oct 27, 2026, GTEK returned +31.2%, 2nd of 7 among similar funds.
• Its 5-year annualized return was +6.3%.
• Its worst full calendar year was 2022 (-46.7%); its best was 2023 (+33.6%).
• The deepest fall in its price history was 53.8% (Nov 16, 2021 to Oct 14, 2022), recovered by Jan 12, 2026.

As of Aug 31, 2026, the fund held 60 securities; the ten largest made up 29.46% of assets.

• Over the three months to Aug 31, 2026, investors added a net $4.0M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +4.68%, -13.05%, +5.52%.

GTEK is an actively managed ETF. Goldman Sachs Asset Management picks stocks rather than tracking an index, but measures results against the MSCI ACWI Select Information Technology + Communication Services (excluding >$100B Market Cap) Index. At least 80% of assets go into U.S. and foreign technology companies, defined as information technology, communication services, internet retail and healthcare technology businesses. The focus is companies whose freely traded shares are worth less than $100 billion, which steers it away from the biggest tech giants.

Selection rests on company research. The team studies profits, free cash flow, net cash and return on invested capital (profit earned on the money put into a business), and weighs valuation. It may also consider environmental, social and governance (ESG) factors. Position sizes and trade timing are the managers' call, with no index rebalancing schedule. The December 29, 2025 prospectus reports 59% portfolio turnover, meaning it replaced holdings worth more than half the portfolio's average value in a year.

The fund is non-diversified, so it can hold bigger stakes in fewer companies, and it keeps more than 25% of assets in information technology industries. As of August 31, 2026, it had 60 holdings and no derivatives. Marvell Technology (3.6%), Taiwan's Jentech Precision Industrial (3.5%) and Cloudflare (3.3%) were the largest. U.S. stocks were 46% of assets and Taiwanese stocks 21%.

• GTEK charges 0.75% a year, versus an average of 0.52% for the similar funds below (6th of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).

GTEK is a concentrated, non-diversified tech fund that pays no income and has lost more than half its value at one point, so it fits best as a small add-on to a broader portfolio.

GTEK could add exposure to technology companies below the $100 billion mark, many of them outside the U.S. The cost of that exposure is sharp swings. The fund launched in September 2021, so it has no record from the 2008 or 2020 crashes. In the 2022 bear market it fell 48.7%. Its deepest drop was 53.8%, from November 2021 to October 2022, and it took 39 months to get back to its old high, on January 12, 2026. Its one-year beta was 2.07 as of October 27, 2026, so it moved about twice as much as the market. Anyone who had to sell shares during 2022 would have locked in steep losses.

GTEK made no distributions in the year to October 27, 2026, so it provides no income. Its 0.75% fee works out to $77 after one year and $930 after 10 years in the SEC's standard $10,000 example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).