@kim_harding Self-plagiarizing here, but...

While this looks interesting to different folks for different reasons, it's worth considering that this is likely not motivated because GS thinks that there is a demand among its customers for more responsible and ethical use of computers, environmental concerns, etc. This is purely a risk exposure play.

Composition is private, and I am (surprise surprise) not a GS customer so don't have access. But I'd bet the reason this could be a compelling offering to the market of today is high net-worth customers are concerned about the concentration of a specific theme which is driving a lot of anxiety. It's a defensive option for people who wish to redirect their passive investment to a comparably less risky regime, while still having SP500 companies included, without having to think too much.

What it is probably _not_ going to be is a fund that vets composition candidates for how much they use AI in their operations, their stance on the externalities of datacenters and GPU/HBM shortages, or whether they care about plagiarism, deepfakes, or nazis.

It will likely underperform in the short and long term, but have some downside protection in the event of a severe ai-huffer correction in the mid-term. THAT is just a big guess, do not take my advice in managing your own money. Really, don't. I'm not qualified. Seriously. Fer realz.