GUSE vs TSEL

GUSEAGoldman Sachs Enhanced U.S. Equity ETF

TSELDTouchstone Sands Capital US Select 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.

TSEL Sands Capital has run its Select Growth playbook since 1992; TSEL puts it in an ETF. Twenty-five to thirty-five US growth names, 0.67% net of a waiver through April 29, 2027, and a mandate that prizes conviction over diversification.

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.

TSEL The Fund seeks long-term capital appreciation. It invests primarily in common stocks of U.S. companies with above-average potential for revenue or earnings growth, emphasizing large- and mid-capitalization growth companies.

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.

• TSEL The wrapper is new; the playbook isn't. Sands Capital has run Select Growth since February 1992, and Touchstone hired Sands to sub-advise rather than build a growth desk.sandscapital.combusinesswire.com
• High conviction by design: typically 25 to 35 US large- and mid-cap growth names, generally nothing under $2 billion in market cap at purchase. Best ideas, not a closet index.businesswire.comwesternsouthern.com
• Touchstone covers part of the tab: gross expenses are 0.96%, but a waiver holds the net at 0.67% through April 29, 2027.

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.

• TSEL At 0.67% it prices above the category median, where the quant-enhanced crowd lives much cheaper: JUSA and FELG at 0.18%, GUSE at 0.30%, none of them waiver-dependent.
• Concentration cuts both ways: with 25 to 35 growth names, a handful of positions drive results and the fund can sit far from a broad large-cap index.businesswire.com
• It launched in January 2025 and trades thinly, so fund-level history is short and the spread is a real cost. Limit orders are the standard tool in this corner of the market.

Full GUSE profile⁠

Full TSEL profile⁠