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About Goldman Sachs Hedge Industry VIP ETF
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Inception date
Nov 1, 2016
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
US3814305450
GVIP does not invest in hedge funds. Rather, it uses public filings to select stocks from the portfolios of hedge funds. Looking at the disclosed equity assets of hedge funds, the fund selects the 50 US stocks most frequently appearing in the top 10 of individual hedge fund`s assets by market value. GVIP does not limit itself to stocks of any particular market cap size. It is worth noting that hedge funds publicly release their holdings only quarterly, with a 45-day lag, and do not disclose short positions. At times, it may not be possible or practical for GVIP to purchase a specific stock in the underlying index, and in these circumstances, the fund will buy a sample of securities in the index.
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
Finance
Technology Services
Electronic Technology
Retail Trade
Stocks99.93%
Finance19.78%
Technology Services17.25%
Electronic Technology16.03%
Retail Trade12.84%
Consumer Durables6.25%
Health Technology6.14%
Utilities4.07%
Transportation4.06%
Health Services2.34%
Non-Energy Minerals1.91%
Communications1.89%
Producer Manufacturing1.88%
Consumer Services1.86%
Consumer Non-Durables1.82%
Energy Minerals1.78%
Bonds, Cash & Other0.07%
Mutual fund0.07%
Stock breakdown by region
North America85.39%
Asia6.69%
Europe5.93%
Latin America2.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GVIP invests in stocks. The fund's major sectors are Finance, with 19.78% stocks, and Technology Services, with 17.25% of the basket. The assets are mostly located in the North America region.
GVIP top holdings are AppLovin Corp. Class A and Western Digital Corporation, occupying 2.83% and 2.64% of the portfolio correspondingly.
GVIP last dividends amounted to 0.35 USD. The year before, the issuer paid 0.74 USD in dividends, which shows a 109.00% decrease.
GVIP assets under management is 404.20 M USD. It's risen 9.95% over the last month.
GVIP fund flows account for 22.10 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, GVIP pays dividends to its holders with the dividend yield of 0.23%. The last dividend (Dec 30, 2024) amounted to 0.35 USD. The dividends are paid annually.
GVIP shares are issued by The Goldman Sachs Group, Inc. under the brand Goldman Sachs. The ETF was launched on Nov 1, 2016, and its management style is Passive.
GVIP expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
GVIP follows the Goldman Sachs Hedge Fund VIP Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GVIP invests in stocks.
GVIP price has risen by 10.22% over the last month, and its yearly performance shows a 30.69% increase. See more dynamics on GVIP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.54% over the last month, showed a 15.66% increase in three-month performance and has increased by 30.67% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.54% over the last month, showed a 15.66% increase in three-month performance and has increased by 30.67% in a year.
GVIP trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.