Goldman Sachs Emerging Markets Green and Social Bond Active UCITS ETF - Class USD (Dist)

The Sub-Fund seeks total returns consisting of income and capital appreciation by actively investing primarily in fixed income securities of emerging markets government, government-related and corporate issuers where issuers intend to make use of proceeds for green and/or social contributions. ▪ The Sub-Fund promotes environmental and/or social characteristics and, while it does not have a sustainable investment objective, it will hold a minimum proportion of sustainable investments as further detailed in the pre contractual disclosure for the Sub-Fund contained within the Supplement. The Investment Manager implements a multi-faceted approach to the promotion of environmental, social and governance considerations in the Sub-Fund’s fundamental investment process. ▪ The Sub-Fund is actively managed and will, under normal circumstances, invest at least 80% of its net assets (excluding cash and cash equivalents) in emerging markets labelled bonds. Labelled bonds are fixed income securities where the use of proceeds is earmarked for funding projects that are categorised as green, social and/or sustainable. ▪ The Sub-Fund may use derivatives for efficient portfolio management purposes, to help manage risks and for investment purposes in order to seek to increase return. A derivative instrument is a contract between two or more parties whose value depends on the rise and fall of the underlying asset. ▪ The Sub-Fund is actively managed and references the J.P Morgan EM Credit Green, Social and Sustainability Bond Diversified Index (the “Benchmark”) as a performance comparator. ▪ The Sub-Fund will seek to use the Benchmark as a performance comparator and aims to achieve a return in excess of the Benchmark, however, Sub-Fund positions may meaningfully differ relative to the performance Benchmark. The Benchmark consists of labelled bonds issued by emerging markets governments or by companies with proceeds dedicated to green and/or social activities, assets, projects or expenditure, and denominated in hard currencies (“Benchmark Securities”). The constituents of the Benchmark and geographical exposure of Benchmark Securities may be subject to change over time. ▪ In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Sub-Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange(s) on which the shares are traded. ▪ Income (net of expenses) is distributed on a semi-annual basis. ▪ The Sub-Fund currency is USD. The share class currency is USD. ▪ Investment in the Sub-Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. Please refer to the “Risk Information” section of the Prospectus for further information. ▪ For full investment objective and policy details see the Supplement