GSLC has found success in a densely populated, highly competitive corner of the ETF market -- that being domestic large-cap multi-factor funds.
As of the end of August, GSLC was sporting a slight year-to-date advantage over cap-weighted S&P 500 ETFs.
"If the positive differential holds it would be the third consecutive year of outperformance as the smart-beta ETF declined less in 2018 and rose more in 2017 than the market-cap weighted SPY; we note GSLC did lag in 2016, its first calendar year," said CFRA Director of ETF & Mutual Fund Research Todd Rosenbluth in a Tuesday note.
GSLC holds 442 stocks, less than the 500-plus found in the S&P 500.
"From a fund perspective, GSLC is also highly appealing," said Rosenbluth.