---
ticker: "GSEU"
name: "Goldman Sachs ActiveBeta Europe Equity ETF"
url: "https://etf.net/etf/GSEU"
grade: "C"
score: 53
graded_at: "2026-10-12"
category: "International Multifactor"
category_rank: "14 of 30"
methodology: "https://etf.net/methodology"
---

# GSEU: Goldman Sachs ActiveBeta Europe Equity ETF

Grade **C**, Score 53 of 100. Rank 14 of 30 in International Multifactor.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 74 | 8 of 30 |
| Mission | Not scored | — |
| Risk | 41 | 19 of 30 |
| Tradability | 29 | 25 of 30 |
| Holdings | 48 | 21 of 30 |
| Durability | 54 | 18 of 30 |

## Top holdings

The fund holds 344 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | ASML.AS | Asml Holding N.v. | 4.75% |
| 2 | ROP.SW | Roche Holding AG | 2.05% |
| 3 | HSBA.L | Hsbc Holdings PLC | 1.99% |
| 4 | NOVN.SW | Novartis AG Shs | 1.83% |
| 5 | SHEL.L | Shell PLC | 1.68% |
| 6 | AZN.L | Astrazeneca PLC Ord | 1.52% |
| 7 | SAN.MC | Banco Santander, S.a. | 1.44% |
| 8 | SIE.DE | Siemens AG Reg Shs | 1.25% |
| 9 | SAP.DE | Sap SE | 1.19% |
| 10 | NESN.SW | Nestle S.a. | 1.14% |
| 11 | ALV.DE | Allianz SE | 1.10% |
| 12 | BBVA.MC | Banco Bilbao Vizcaya | 0.96% |
| 13 | TTE.PA | Totalenergies SE | 0.95% |
| 14 | IBE.MC | Iberdrola Sociedad Anonima | 0.91% |
| 15 | SU.PA | Schneider Electric | 0.81% |
| 16 | BP.L | Bp PLC | 0.79% |
| 17 | NOVO-B.CO | Novo Nordisk A/S | 0.77% |
| 18 | AD.AS | Koninklijke Ahold Delhaize NV | 0.77% |
| 19 | GSK.L | Gsk PLC | 0.75% |
| 20 | ENR.DE | Siemens Energy AG | 0.73% |
| 21 | DHL.DE | Dhl Group | 0.71% |
| 22 | ABBN.SW | Abb Ltd | 0.71% |
| 23 | BNP.PA | Bnp Paribas | 0.70% |
| 24 | UBSG.SW | Ubs Group AG | 0.70% |
| 25 | RR.L | Rolls-Royce Holdings PLC | 0.69% |
| 26 | KGF.L | Kingfisher PLC | 0.68% |
| 27 | BARC.L | Barclays PLC | 0.66% |
| 28 | OR.PA | L'oreal | 0.66% |
| 29 | BAYN.DE | Bayer Aktiengesellschaft | 0.63% |
| 30 | INGA.AS | Ing Groep N.v. | 0.63% |

Source: etf.net, https://etf.net/etf/GSEU. Please cite the page URL.