GSJY: GOLDMAN SACHS ACTIVEBETA(R) JAPAN EQUITY ETF
ETF Education Report: Goldman Sachs ActiveBeta(R) Japan Equity ETF (GSJY)
What this ETF is trying to do
The Goldman Sachs ActiveBeta(R) Japan Equity ETF (GSJY) is an exchange-traded fund that focuses on Japanese stocks. It holds a variety of companies from Japan to provide investors with exposure to that country's stock 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 measures only the change in the share price.
• Total Return: This includes both the change in share price and any cash distributions (dividends) paid out.
For GSJY, the numbers show growth over different time periods:
• Year-to-Date (YTD): The price return is approximately 21.93%, while the total return is approximately 22.90%.
• One Year: The price return was approximately 22.12%, and the total return was approximately 24.82%.
• Three Years: The price return was approximately 72.04%, and the total return was approximately 82.25%.
Based on data from roughly one year ago, the estimated price was $46.52. The current price is $56.81.
Top Holdings
This ETF holds 160 different companies. Because the list provided is partial, these are only the largest holdings in the portfolio:
• Mitsubishi UFJ Financial Group Inc (4.53%)
• Advantest Corp (3.27%)
• Toyota Motor Corp (2.88%)
• Tokyo Electron Ltd (2.81%)
• Hitachi Ltd (2.71%)
• Sumitomo Mitsui Financial Group Inc (2.69%)
• Recruit Holdings Co Ltd (2.60%)
• Mizuho Financial Group Inc (2.34%)
• Sony Group Corp (2.33%)
• Softbank Group Corp (2.10%)
Please note that holdings can change over time.
Income and distribution explanation
Some investors look for "income," which is cash paid out by the ETF. The distribution yield for GSJY is approximately 1.88%. This represents the cash distributions relative to the ETF's price. The fund has an irregular distribution frequency, meaning it does not pay out on a set schedule. In the last 12 months, there were two payouts.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). It is important to remember that a falling share price is not the same thing as NAV erosion. For this ETF, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this fund.
Pros
• The ETF has shown positive price returns and total returns over the one-year and three-year periods.
• The erosion-risk measurement is rated as "good."
Cons
• Distributions are irregular and less frequent.
• The distribution yield is relatively low at approximately 1.88%.
Beginner takeaway
GSJY provides exposure to Japanese companies like Toyota and Sony. When reviewing this ETF, remember that total return is the most complete picture because it includes both price changes and cash distributions. Always look at both numbers to see how the investment has performed overall.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MITSUBISHI UFJ FINANCIAL GROUP INC | n/a | 4.53% |
| 2 | ADVANTEST CORP | n/a | 3.27% |
| 3 | TOYOTA MOTOR CORP | n/a | 2.88% |
| 4 | TOKYO ELECTRON LTD | n/a | 2.81% |
| 5 | HITACHI LTD | n/a | 2.71% |
| 6 | SUMITOMO MITSUI FINANCIAL GROUP INC | n/a | 2.69% |
| 7 | RECRUIT HOLDINGS CO LTD | n/a | 2.60% |
| 8 | MIZUHO FINANCIAL GROUP INC | n/a | 2.34% |
| 9 | SONY GROUP CORP | n/a | 2.33% |
| 10 | SOFTBANK GROUP CORP | n/a | 2.10% |