GUSE vs TLG

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

TLGCTouchstone Large Company Growth ETF

In short

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.

TLG A 25-to-35 stock growth portfolio run by DSM Capital Partners since 2009, now in an ETF shell. Conviction over coverage: the Russell 1000 Growth Index is the yardstick, not the blueprint.

Stated mandate

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

TLG The Fund seeks long-term capital appreciation. It invests at least 80% of its net assets in equity securities of large-capitalization issuers, using a bottom-up, idea-driven growth approach with a long-term investment horizon.

Why people hold it

• 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.

• TLG Built to be concentrated: the portfolio generally holds 25 to 35 stocks, so the manager's best ideas carry real weight.westernsouthern.com
• Same adviser, same sub-adviser, same strategy as the predecessor mutual fund, with a track record running back to the 2009 inception.westernsouthern.com
• DSM Capital Partners, founded in 2001 and employee-owned, specializes in concentrated growth and picks bottom-up on fundamentals and profitability.westernsouthern.com
• Up to 20% can sit in foreign names, including ADRs and emerging markets, so a good idea listed abroad is not off the table.westernsouthern.com

Worth knowing

• 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.

• TLG Fee is 0.67% net of a waiver through April 29, 2027 (0.82% gross), above the category median; same-benchmark peers like LGDS at 0.40% charge less.
• Non-diversified by charter: one position can grow into a large slice of the fund, which cuts both ways.westernsouthern.com
• Seasoned strategy, new ETF wrapper, and it trades thinly, so spreads can be wider than at the category's heavyweights.

Full GUSE profile⁠

Full TLG profile⁠