ETF Research

GSEU: GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF

Generated from StockValueFinder data · Updated Oct 11, 2026 3:34 AM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

ETF Education Report: Goldman Sachs ActiveBeta(R) Europe Equity ETF (GSEU)

What this ETF is trying to do

The Goldman Sachs ActiveBeta(R) Europe Equity ETF (GSEU) is an exchange-traded fund that focuses on European stocks. It holds a variety of different companies, which helps spread out its exposure across the European market.

What the numbers show

When looking at an ETF, it is important to understand two different types of returns: price return and total return.

• Price Return: This only measures how much the share price itself has changed.

• Total Return: This includes both the change in share price *and* any cash distributions (dividends) paid out to investors.

For GSEU, the numbers show growth in both areas:

• Year-to-Date (YTD): The price return is approximately 3.64%, while the total return is higher at approximately 5.67%.

• One Year: The price return was approximately 6.83%, and the total return was approximately 9.91%.

• Three Years: The price return was approximately 52.32%, and the total return was approximately 64.74%.

To give you an idea of price movement, the current price is $47.36. The estimated price from roughly one year ago was approximately $44.33.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. GSEU has a distribution yield of approximately 2.84%. This means the cash paid out is about 2.84% of the ETF's price. Over the last 12 months, there were two payouts. It is important to remember that a high distribution yield is not the same thing as total return, and receiving cash does not guarantee your original investment will stay the same value.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases significantly. StockValueFinder uses an "erosion-risk score" to help monitor this. For GSEU, the erosion score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Top Holdings

The following are the top holdings in this fund (note that this is a partial list):

• ASML Holding NV: 4.70%

• HSBC Holdings PLC: 2.10%

• Roche Holding AG: 1.94%

• Novartis AG: 1.80%

• Shell PLC: 1.56%

• AstraZeneca PLC: 1.54%

• Banco Santander SA: 1.48%

• Siemens AG: 1.28%

• SAP SE: 1.14%

• Nestle SA: 1.11%

Pros

• The ETF has shown positive price returns and total returns over the one-year and three-year periods.

• The erosion-risk measurement is considered "good."

Cons

• Distributions are described as irregular or less frequent.

Beginner takeaway

When studying GSEU, notice that the total return is higher than the price return. This happens because the total return accounts for the cash distributions paid to investors. Always look at both numbers to get a full picture of how an ETF has performed.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

300 holdings available
# Holding Ticker Weight
1 ASML HOLDING NV n/a 4.70%
2 HSBC HOLDINGS PLC n/a 2.10%
3 ROCHE HOLDING AG ORDINARY SHARES NEW n/a 1.94%
4 NOVARTIS AG REGISTERED SHARES n/a 1.80%
5 SHELL PLC n/a 1.56%
6 ASTRAZENECA PLC AZN:XLON 1.54%
7 BANCO SANTANDER SA n/a 1.48%
8 SIEMENS AG n/a 1.28%
9 SAP SE n/a 1.14%
10 NESTLE SA n/a 1.11%
Show all 300 holdings
1. ASML HOLDING NV n/a 4.70%
2. HSBC HOLDINGS PLC n/a 2.10%
3. ROCHE HOLDING AG ORDINARY SHARES NEW n/a 1.94%
4. NOVARTIS AG REGISTERED SHARES n/a 1.80%
5. SHELL PLC n/a 1.56%
6. ASTRAZENECA PLC AZN:XLON 1.54%
7. BANCO SANTANDER SA n/a 1.48%
8. SIEMENS AG n/a 1.28%
9. SAP SE n/a 1.14%
10. NESTLE SA n/a 1.11%
11. ALLIANZ SE n/a 1.10%
12. BANCO BILBAO VIZCAYA ARGENTARIA SA n/a 1.04%
13. TOTALENERGIES SE TTE 0.94%
14. SCHNEIDER ELECTRIC SE n/a 0.89%
15. IBERDROLA SA n/a 0.87%
16. GSK PLC n/a 0.77%
17. BNP PARIBAS ACT. CAT.A n/a 0.75%
18. KONINKLIJKE AHOLD DELHAIZE NV n/a 0.75%
19. NOVO NORDISK AS CLASS B n/a 0.75%
20. ROLLS-ROYCE HOLDINGS PLC n/a 0.72%
21. A P MOLLER MAERSK AS CLASS A n/a 0.44%
22. ADMIRAL GROUP PLC n/a 0.43%
23. LLOYDS BANKING GROUP PLC n/a 0.43%
24. SAGE GROUP (THE) PLC n/a 0.42%
25. CVC CAPITAL PARTNERS PLC n/a 0.40%
26. LVMH MOET HENNESSY LOUIS VUITTON SE n/a 0.40%
27. n/a n/a 0.40%
28. VINCI SA n/a 0.40%
29. HEINEKEN HOLDING NV n/a 0.39%
30. ADIDAS AG n/a 0.38%
31. INVESTOR AB CLASS B n/a 0.38%
32. n/a n/a 0.38%
33. SAFRAN SA n/a 0.37%
34. AGEAS SA/ NV n/a 0.36%
35. AVOLTA AG n/a 0.36%
36. CAPGEMINI SE n/a 0.36%
37. NORDEA BANK ABP n/a 0.36%
38. DEUTSCHE TELEKOM AG n/a 0.35%
39. LOGITECH INTERNATIONAL SA n/a 0.35%
40. ARGENX SE n/a 0.34%
41. ASR NEDERLAND NV n/a 0.34%
42. CREDIT AGRICOLE SA n/a 0.34%
43. GLENCORE PLC n/a 0.34%
44. IPSEN SA n/a 0.34%
45. SANOFI SA n/a 0.34%
46. BRITISH AMERICAN TOBACCO PLC n/a 0.33%
47. FRESENIUS SE & CO KGAA REGISTERED SHARES n/a 0.33%
48. INFINEON TECHNOLOGIES AG n/a 0.33%
49. n/a n/a 0.33%
50. NEBIUS GROUP NV SHS CLASS-A- NBIS 0.33%
51. POSTE ITALIANE SPA n/a 0.33%
52. VAT GROUP AG n/a 0.33%
53. AIRBUS SE n/a 0.32%
54. BANCA MEDIOLANUM n/a 0.32%
55. COMPAGNIE DE SAINT-GOBAIN SA n/a 0.32%
56. MAPFRE SA n/a 0.32%
57. SWEDBANK AB CLASS A n/a 0.32%
58. ENI SPA n/a 0.31%
59. FRESNILLO PLC n/a 0.31%
60. H & M HENNES & MAURITZ AB CLASS B n/a 0.31%
61. JERONIMO MARTINS SGPS SA n/a 0.31%
62. SAINSBURY (J) PLC n/a 0.31%
63. SMITHS GROUP PLC n/a 0.31%
64. INDUSTRIVARDEN AB CLASS C n/a 0.30%
65. RAIFFEISEN BANK INTERNATIONAL AG n/a 0.30%
66. ABN AMRO BANK NV n/a 0.29%
67. FINECOBANK SPA n/a 0.29%
68. GEA GROUP AG n/a 0.29%
69. INDUSTRIVARDEN AB CLASS A n/a 0.29%
70. KNORR-BREMSE AG BEARER SHARES n/a 0.29%
71. NOKIA OYJ n/a 0.29%
72. RECORDATI SPA AZ NOM POST RAGGRUPPAMENTO n/a 0.29%
73. BARRY CALLEBAUT AG n/a 0.28%
74. BUREAU VERITAS SA n/a 0.28%
75. CAIXABANK SA n/a 0.28%
76. PARTNERS GROUP HOLDING AG n/a 0.28%
77. REPSOL SA n/a 0.28%
78. STANDARD LIFE PLC n/a 0.28%
79. TELEFONAKTIEBOLAGET L M ERICSSON CLASS B n/a 0.28%
80. TESCO PLC n/a 0.28%
81. YARA INTERNATIONAL ASA n/a 0.28%
82. MARKS & SPENCER GROUP PLC n/a 0.27%
83. SONOVA HOLDING AG n/a 0.27%
84. SWISS LIFE HOLDING AG n/a 0.27%
85. UNIPOL ASSICURAZIONI SPA n/a 0.27%
86. ASSOCIATED BRITISH FOODS PLC n/a 0.26%
87. BUNZL PLC n/a 0.26%
88. GETLINK SE ACT. PROVENANT REGROUPEMENT n/a 0.26%
89. OMV AG n/a 0.26%
90. EMS-CHEMIE HOLDING AG n/a 0.25%
91. ENDESA SA n/a 0.25%
92. ENGIE SA n/a 0.25%
93. HALMA PLC n/a 0.25%
94. KESKO OYJ CLASS B n/a 0.25%
95. NATIONAL GRID PLC n/a 0.25%
96. PRYSMIAN SPA n/a 0.25%
97. SCHINDLER HOLDING AG NON VOTING n/a 0.25%
98. SWISS RE AG n/a 0.25%
99. DANSKE BANK AS n/a 0.24%
100. GJENSIDIGE FORSIKRING ASA n/a 0.24%
101. GROUPE BRUXELLES LAMBERT SA n/a 0.24%
102. HOLCIM LTD n/a 0.24%
103. n/a n/a 0.24%
104. n/a n/a 0.24%
105. VEOLIA ENVIRONNEMENT SA n/a 0.24%
106. n/a n/a 0.23%
107. RELX PLC n/a 0.23%
108. ANGLO AMERICAN PLC n/a 0.22%
109. ASM INTERNATIONAL NV n/a 0.22%
110. BUZZI SPA n/a 0.22%
111. GENERALI n/a 0.22%
112. GOLDMAN SACHS FS TREASURY OBLIGS INSTL FTOXX 0.22%
113. HEIDELBERG MATERIALS AG n/a 0.22%
114. NEMETSCHEK SE n/a 0.22%
115. SCHINDLER HOLDING AG n/a 0.22%
116. SNAM SPA n/a 0.22%
117. STRAUMANN HOLDING AG n/a 0.22%
118. ANHEUSER-BUSCH INBEV SA/NV n/a 0.21%
119. HERMES INTERNATIONAL SA n/a 0.21%
120. INFORMA PLC n/a 0.21%
121. ITALGAS SPA n/a 0.21%
122. L E LUNDBERGFORETAGEN AB CLASS B n/a 0.21%
123. MICHELIN n/a 0.21%
124. n/a n/a 0.21%
125. RWE AG CLASS A n/a 0.21%
126. SANDVIK AB n/a 0.21%
127. AEGON LTD n/a 0.20%
128. ENDEAVOUR MINING PLC n/a 0.20%
129. HALEON PLC n/a 0.20%
130. HELVETIA BALOISE HOLDING AG n/a 0.20%
131. HENKEL AG & CO KGAA n/a 0.20%
132. SKANSKA AB CLASS B n/a 0.20%
133. SWISSCOM AG n/a 0.20%
134. ALSTOM SA n/a 0.19%
135. KONINKLIJKE PHILIPS NV n/a 0.19%
136. SKANDINAVISKA ENSKILDA BANKEN AB CLASS A n/a 0.19%
137. SPOTIFY TECHNOLOGY SA SPOT 0.19%
138. TELECOM ITALIA SPA n/a 0.19%
139. TERNA SPA n/a 0.19%
140. ACCOR SA n/a 0.18%
141. AVIVA PLC n/a 0.18%
142. BAE SYSTEMS PLC n/a 0.18%
143. DAIMLER TRUCK HOLDING AG ORDINARY SHARES n/a 0.18%
144. ERSTE GROUP BANK AG. n/a 0.18%
145. RENAULT SA n/a 0.18%
146. SAMPO OYJ CLASS A n/a 0.18%
147. STMICROELECTRONICS NV n/a 0.18%
148. ATLAS COPCO AB CLASS A n/a 0.17%
149. BPER BANCA SPA n/a 0.17%
150. EQUINOR ASA n/a 0.17%
151. FERROVIAL NV n/a 0.17%
152. HOCHTIEF AG n/a 0.17%
153. KONINKLIJKE KPN NV n/a 0.17%
154. LONZA GROUP LTD n/a 0.17%
155. n/a n/a 0.17%
156. n/a n/a 0.17%
157. REXEL SA n/a 0.17%
158. SPIRAX GROUP PLC n/a 0.17%
159. SVENSKA CELLULOSA AB CLASS B n/a 0.17%
160. AIB GROUP PLC n/a 0.16%
161. ARCELORMITTAL SA NEW REG.SHS EX-ARCELOR n/a 0.16%
162. BAWAG GROUP AG ORDINARY SHARES n/a 0.16%
163. DEMANT AS n/a 0.16%
164. MERCK KGAA n/a 0.16%
165. MOWI ASA n/a 0.16%
166. NESTE OYJ n/a 0.16%
167. REDEIA CORPORACION SA n/a 0.16%
168. ROCHE HOLDING AG BEARER SHARES n/a 0.16%
169. SIKA AG n/a 0.16%
170. SVENSKA HANDELSBANKEN AB CLASS A n/a 0.16%
171. 3I GROUP ORD n/a 0.15%
172. ELISA OYJ CLASS A n/a 0.15%
173. IMPERIAL BRANDS PLC n/a 0.15%
174. n/a n/a 0.15%
175. PRUDENTIAL PLC n/a 0.15%
176. VESTAS WIND SYSTEMS AS n/a 0.15%
177. ASSA ABLOY AB CLASS B n/a 0.14%
178. BANCO BPM SPA n/a 0.14%
179. BELIMO HOLDING AG n/a 0.14%
180. COCA-COLA HBC AG n/a 0.14%
181. INDRA SISTEMAS SA SHS CLASS -A- n/a 0.14%
182. KBC GROUPE NV n/a 0.14%
183. RECKITT BENCKISER GROUP PLC n/a 0.14%
184. WOLTERS KLUWER NV n/a 0.14%
185. BANCO DE SABADELL SA n/a 0.13%
186. BANK OF IRELAND GROUP PLC n/a 0.13%
187. BIOMERIEUX SA n/a 0.13%
188. BOLIDEN AB n/a 0.13%
189. DNB BANK ASA n/a 0.13%
190. E.ON SE n/a 0.13%
191. GENMAB AS n/a 0.13%
192. LEGRAND SA n/a 0.13%
193. MILLICOM INTERNATIONAL CELLULAR SA TIGO 0.13%
194. ORANGE SA n/a 0.13%
195. SECURITAS AB CLASS B n/a 0.13%
196. ACCIONA SA n/a 0.12%
197. AKER BP ASA n/a 0.12%
198. AKZO NOBEL NV n/a 0.12%
199. ALFA LAVAL AB n/a 0.12%
200. BE SEMICONDUCTOR INDUSTRIES NV n/a 0.12%
201. CENTRICA PLC n/a 0.12%
202. INTERCONTINENTAL HOTELS GROUP PLC n/a 0.12%
203. n/a n/a 0.12%
204. ORKLA ASA n/a 0.12%
205. PEARSON PLC n/a 0.12%
206. SANDOZ GROUP AG REGISTERED SHARES n/a 0.12%
207. SEVERN TRENT PLC n/a 0.12%
208. SWISS PRIME SITE AG n/a 0.12%
209. TENARIS SA n/a 0.12%
210. TRYG AS n/a 0.12%
211. WISE GROUP PLC CLASS A WSE 0.12%
212. AYVENS SA n/a 0.11%
213. BEIJER REF AB CLASS B n/a 0.11%
214. BRENNTAG SE n/a 0.11%
215. EDP-ENERGIAS DE PORTUGAL SA n/a 0.11%
216. ESSITY AB CLASS B n/a 0.11%
217. EUROFINS SCIENTIFIC SE n/a 0.11%
218. GECINA NOM n/a 0.11%
219. HEXAGON AB CLASS B n/a 0.11%
220. TALANX AG n/a 0.11%
221. VAR ENERGI ASA n/a 0.11%
222. AMUNDI SA n/a 0.10%
223. BANKINTER SA n/a 0.10%
224. BKW AG n/a 0.10%
225. EVONIK INDUSTRIES AG n/a 0.10%
226. EXPERIAN PLC n/a 0.10%
227. KLEPIERRE n/a 0.10%
228. KONE OYJ CLASS B n/a 0.10%
229. NATURGY ENERGY GROUP SA n/a 0.10%
230. TELIA COMPANY AB n/a 0.10%
231. TRELLEBORG AB CLASS B n/a 0.10%
232. ALCON INC ALC 0.09%
233. ATLAS COPCO AB CLASS B n/a 0.09%
234. BEIERSDORF AG n/a 0.09%
235. DEUTSCHE BOERSE AG n/a 0.09%
236. ESSILORLUXOTTICA n/a 0.09%
237. GALP ENERGIA SGPS SA n/a 0.09%
238. MELROSE INDUSTRIES PLC n/a 0.09%
239. n/a n/a 0.09%
240. RHEINMETALL AG n/a 0.09%
241. SSE PLC n/a 0.09%
242. SWEDISH ORPHAN BIOVITRUM AB n/a 0.09%
243. THE MAGNUM ICE CREAM CO NV n/a 0.09%
244. VOLVO AB CLASS B n/a 0.09%
245. DANONE SA n/a 0.08%
246. DELIVERY HERO SE n/a 0.08%
247. FORTUM OYJ n/a 0.08%
248. JULIUS BAER GRUPPE AG n/a 0.08%
249. MONCLER SPA n/a 0.08%
250. PUBLICIS GROUPE SA n/a 0.08%
251. TELE2 AB CLASS B n/a 0.08%
252. UNITED UTILITIES GROUP PLC CLASS A n/a 0.08%
253. WARTSILA CORP n/a 0.08%
254. ADDTECH AB CLASS B n/a 0.07%
255. AIRTEL AFRICA PLC ORDINARY SHARES n/a 0.07%
256. ANTOFAGASTA PLC n/a 0.07%
257. CONTINENTAL AG n/a 0.07%
258. ELIA GROUP SA/NV n/a 0.07%
259. GALDERMA GROUP AG REGISTERED SHARES n/a 0.07%
260. INDUTRADE AB n/a 0.07%
261. NORSK HYDRO ASA n/a 0.07%
262. QIAGEN NV QGEN 0.07%
263. SOFINA SA n/a 0.07%
264. TELEFONICA SA n/a 0.07%
265. UCB SA n/a 0.07%
266. ABIVAX SA n/a 0.06%
267. AERCAP HOLDINGS NV AER 0.06%
268. INTERTEK GROUP PLC n/a 0.06%
269. KINGSPAN GROUP PLC n/a 0.06%
270. LAND SECURITIES GROUP PLC n/a 0.06%
271. SCHRODERS PLC n/a 0.06%
272. UPM-KYMMENE OYJ n/a 0.06%
273. ADYEN NV n/a 0.05%
274. AENA SME SA n/a 0.05%
275. BANCA MONTE DEI PASCHI DI SIENA n/a 0.05%
276. BASF SE n/a 0.05%
277. COVIVIO SA n/a 0.05%
278. EXOR NV n/a 0.05%
279. SARTORIUS AG PARTICIPATING PREFERRED n/a 0.05%
280. SMITH & NEPHEW PLC n/a 0.05%
281. SYENSQO SA n/a 0.05%
282. HEINEKEN NV n/a 0.04%
283. ORSTED AS n/a 0.04%
284. VOLKSWAGEN AG PARTICIPATING PREFERRED n/a 0.04%
285. CARLSBERG AS CLASS B n/a 0.03%
286. COLOPLAST AS CLASS B n/a 0.03%
287. COMPASS GROUP PLC n/a 0.03%
288. D'IETEREN GROUP n/a 0.03%
289. DIPLOMA PLC n/a 0.03%
290. EDP RENEWABLES SA n/a 0.03%
291. MTU AERO ENGINES AG n/a 0.03%
292. NIBE INDUSTRIER AB CLASS B n/a 0.03%
293. AMADEUS IT GROUP SA n/a 0.02%
294. COMMERZBANK AG n/a 0.02%
295. DASSAULT SYSTEMES SE n/a 0.02%
296. LEONARDO SPA AZ NOM POST RAGGRUPPAMENTO n/a 0.02%
297. LOTUS BAKERIES NV n/a 0.02%
298. PROSUS NV ORDINARY SHARES CLASS N n/a 0.02%
299. SEGRO PLC n/a 0.02%
300. STORA ENSO OYJ CLASS R n/a 0.02%
Holdings data last updated Oct 7, 2026 5:31 AM . Provider-reported weights may not sum exactly to 100%.
Scroll to Top