Key stats
About Innovate Equity ETF
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Inception date
Nov 6, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Goldman Sachs Asset Management LP
Distributor
ALPS Distributors, Inc.
ISIN
US38149W8203
GINN launches out of the consolidation of five thematic ETFs: New Age Consumer, Data-Driven World, Human Evolution, Finance Reimagined, and Manufacturing Revolution. Total assets at launch date were $307,712,434 with shares outstanding 6,150,000. An algorithm screens public information and company filings for keywords tied to any sub-theme related to the five key themes. For each sub-theme, securities are scored for thematic relevance, and the 50 highest-scoring securities are eligible for index inclusion. Relevance scores for all sub-themes are combined to calculate each eligible companys overall score. The top 100 companies in each theme are included in the underlying index. Holdings are weighted in the index according to a combination of market cap and thematic beta calculation, subject to a capping methodology. The objective is to give more weight to stocks with higher relevance while providing equal weighting to each theme. The index is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Health Technology
Electronic Technology
Stocks99.71%
Technology Services25.62%
Health Technology18.71%
Electronic Technology16.56%
Finance9.61%
Retail Trade7.36%
Consumer Durables4.43%
Commercial Services4.05%
Producer Manufacturing3.61%
Consumer Services3.49%
Utilities1.80%
Consumer Non-Durables1.07%
Health Services0.97%
Energy Minerals0.59%
Transportation0.53%
Miscellaneous0.36%
Industrial Services0.35%
Communications0.31%
Process Industries0.17%
Non-Energy Minerals0.07%
Distribution Services0.05%
Bonds, Cash & Other0.29%
Mutual fund0.28%
Miscellaneous0.01%
Stock breakdown by region
North America71.72%
Asia14.97%
Europe11.27%
Latin America0.82%
Middle East0.78%
Oceania0.43%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GINN invests in stocks. The fund's major sectors are Technology Services, with 25.62% stocks, and Health Technology, with 18.71% of the basket. The assets are mostly located in the North America region.
GINN top holdings are Alphabet Inc. Class A and Apple Inc., occupying 2.33% and 2.28% of the portfolio correspondingly.
GINN last dividends amounted to 0.77 USD. The year before, the issuer paid 0.53 USD in dividends, which shows a 31.37% increase.
GINN assets under management is 240.14 M USD. It's risen 4.62% over the last month.
GINN fund flows account for −66.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, GINN pays dividends to its holders with the dividend yield of 1.05%. The last dividend (Dec 30, 2024) amounted to 0.77 USD. The dividends are paid annually.
GINN shares are issued by The Goldman Sachs Group, Inc. under the brand Goldman Sachs. The ETF was launched on Nov 6, 2020, and its management style is Passive.
GINN expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
GINN follows the Solactive Innovative Global Equity Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GINN invests in stocks.
GINN price has risen by 5.50% over the last month, and its yearly performance shows a 21.83% increase. See more dynamics on GINN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.08% over the last month, showed a 9.77% increase in three-month performance and has increased by 22.27% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.08% over the last month, showed a 9.77% increase in three-month performance and has increased by 22.27% in a year.
GINN trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.