CAML vs GUSE

CAMLCCongress Large Cap Growth ETF

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

In short

CAML An active large-cap growth picker that blends growth, momentum and value signals and treats the Russell 1000 Growth as a yardstick, not a blueprint. Launched in 2023, and priced above most of its peer group for that human judgment.

GUSE Goldman's fundamental stock pickers hunting long-term growth in US companies, for 0.30% a year. The strategy dates to 2008 and charges well under the typical active US growth fund.

Stated mandate

CAML Its stated objective is long-term capital appreciation.

GUSE The Fund seeks long-term growth of capital by investing in companies that the Investment Adviser believes are positioned for long-term growth.

Why people hold it

• CAML Genuinely active: holdings come from Congress's own multi-factor screen spanning growth, momentum and value, with the Russell 1000 Growth as the reference point rather than a template.
• Past the fragile startup stage. Since its 2023 launch it has gathered hundreds of millions, which is more than most young active ETFs manage.
• Simple plumbing: a standard 1940 Act stock fund. No leverage resets, no K-1 at tax time, no derivatives wrapper to decode.

• GUSE Charges 0.30% a year, against a 0.54% median for its active US growth cohort. Cheap, for stock picking.
• Actively run with no index to shadow. Managers hold companies they judge positioned for long-term growth, so the portfolio can look different from a large-cap benchmark.
• Inception dates to 2008, so the strategy has run through multiple market cycles, not one long rally.
• One of the stronger implementations in a crowded field of active US growth funds.

Worth knowing

• CAML At 0.65% it runs above the typical fund in its peer group, and rivals benchmarked to the same index charge less (ACGR 0.39%, PGRO 0.50%, FFOG 0.41%).
• Thinly traded next to the category's heavyweights, so wider bid-ask spreads come with the territory, especially around the open and in fast markets.
• Distributions arrive annually or semiannually. The mandate is capital appreciation, not a regular income stream.

• GUSE Trades thinly next to the category's heavyweights. Spreads can be wider, which bites most on large or hurried orders.
• Two peers in the same top tier undercut it on fee: JUSA at 0.12% and FELG at 0.18%. Price is not where this one stands out.
• Distributions land once or twice a year, not monthly. Growth of capital is the stated goal, not an income stream.

Full CAML profile⁠

Full GUSE profile⁠