VEA vs. GSEU ETF Comparison

Comparison of Vanguard FTSE Developed Markets ETF (VEA) to Goldman Sachs ActiveBeta Europe Equity ETF (GSEU)

VEA

Vanguard FTSE Developed Markets ETF

VEA Description

The investment seeks to provide a tax-efficient investment return consisting of long-term capital appreciation. The fund purchases stocks included in the FTSE Developed ex North America Index, which includes approximately 1,385 common stocks of companies located in developed countries of Europe, Australia, Asia, and the Far East. It uses statistical methods to "sample" the index, aiming to closely track its investment performance while limiting investments in Index securities that have undesirable tax characteristics in an attempt to minimize taxable income distributions.

Grade (RS Rating)

Last Trade

$50.37

Average Daily Volume

7,935,313

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF

GSEU Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Europe Equity Index (the "index"). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of developed markets issuers in Europe.

Grade (RS Rating)

Last Trade

$37.05

Average Daily Volume

24,660

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VEA	GSEU
30 Days	5.13%	5.09%
60 Days	0.22%	0.50%
90 Days	0.57%	-0.82%
12 Months	15.78%	17.49%

10 Overlapping Holdings

Symbol	Grade	Weight in VEA	Weight in GSEU	Overlap
ABBV	B	0.37%	0.53%	0.37%
BCS	B	0.19%	0.4%	0.19%
DEO	C	0.29%	0.27%	0.27%
E	D	0.15%	0.39%	0.15%
LOGI	D	0.06%	0.37%	0.06%
LYG	C	0.2%	0.23%	0.2%
NVS	B	0.96%	1.98%	0.96%
QGEN	B	0.04%	0.22%	0.04%
STLA	F	0.15%	0.24%	0.15%
UL	A	0.64%	0.9%	0.64%

VEA Overweight 51 Positions Relative to GSEU

Symbol	Grade	Weight
TM	F	0.96%
MUFG	D	0.53%
SONY	B	0.45%
TD	A	0.44%
SMFG	D	0.38%
SHOP	C	0.32%
CNI	D	0.28%
MFG	D	0.25%
HMC	D	0.22%
WCN	B	0.19%
FLUT	A	0.15%
GOLD	C	0.14%
SW	D	0.1%
KB	C	0.09%
SHG	B	0.09%
NMR	D	0.07%
XRX	D	0.06%
RBA	B	0.06%
OTEX	C	0.04%
AGCO	F	0.03%
WFG	B	0.03%
KEP	B	0.02%
MBAVU	B	0.02%
AEI	D	0.02%
SPNS	D	0.01%
GOGL	D	0.01%
TRMD	D	0.01%
LSPD	F	0.01%
HAFN	D	0.01%
LIF	B	0.01%
TAC	A	0.01%
IAG	B	0.01%
DOOO	D	0.01%
LPL	F	0.01%
PRMW	A	0.01%
FRO	D	0.01%
CALX	D	0.0%
CTS	D	0.0%
VGR	B	0.0%
SLDB	D	0.0%
IONR	C	0.0%
GCBC	D	0.0%
AUDC	F	0.0%
CHGX	C	0.0%
VMAR	F	0.0%
RENB	F	0.0%
SSBI	F	0.0%
ELBM	B	0.0%
FLNG	D	0.0%
PIXY	F	0.0%
MNTX	F	0.0%

VEA Underweight 2 Positions Relative to GSEU

	Symbol	Grade	Weight
	CCEP	A	-0.14%
	AER	C	-0.14%