AN
INVESTMENT IN A FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN A FUND
INVOLVES
INVESTMENT
RISKS, AND YOU MAY LOSE MONEY IN THE FUND.
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Goldman
Sachs Access High Yield Corporate Bond ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
FTSE
Goldman Sachs High Yield Corporate Bond Index (reflects no deduction for
fees or expenses) |
|
|
|
Bloomberg
Barclays High Yield Very Liquid Index (Total Return, Unhedged,
USD) |
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Goldman
Sachs Access Inflation Protected USD Bond ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
FTSE
Goldman Sachs Treasury Inflation Protected USD Bond Index (reflects no
deduction for fees or expenses) |
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Goldman
Sachs Access Investment Grade Corporate Bond ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
FTSE
Goldman Sachs Investment Grade Corporate Bond Index (reflects no deduction
for fees or expenses) |
|
|
|
Bloomberg
Barclays US Corporate Investment Grade Index (Total Return,
Unhedged) |
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
Fee
Waiver1
|
( |
Total
Annual Fund Operating Expenses After Fee Waiver
|
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Goldman
Sachs Access Treasury 0-1 Year ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
FTSE US
Treasury 0-1 Year Composite Select Index (reflects no deduction for fees
or expenses) |
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses
|
|
Acquired
Fund Fees and Expenses |
|
Total
Annual Fund Operating Expenses1
|
|
Fee
Waiver |
( |
Total
Annual Fund Operating Expenses After Fee Waiver |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses1
|
|
Total
Annual Fund Operating Expenses
|
|
|
1
Year
|
3
Years
|
$ |
$ |
|
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses1
|
|
Total
Annual Fund Operating Expenses
|
|
Fee
Waiver2
|
( |
Total
Annual Fund Operating Expenses After Fee Waiver
|
|
|
1
Year
|
3
Years
|
$ |
$ |
|
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses1
|
|
Total
Annual Fund Operating Expenses
|
|
|
1
Year
|
3
Years
|
$ |
$ |
|
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses1
|
|
Total
Annual Fund Operating Expenses
|
|
|
1
Year
|
3
Years
|
$ |
$ |
|
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
|
|
Management
Fee
|
|
Distribution
and Service (12b-1) Fee
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
Fee
Waiver1
|
( |
Total
Annual Fund Operating Expenses After Fee Waiver
|
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Goldman
Sachs Access Ultra Short Bond ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
FTSE
Three-Month U.S. Treasury Bill Index |
|
|
|
Portfolio
Management
|
Buying
and Selling Fund Shares
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
INVESTMENT
OBJECTIVEs
|
PRINCIPAL
INVESTMENT STRATEGIES
|
OTHER
INVESTMENT PRACTICES AND SECURITIES
|
10 Percent
of total assets (including
securities
lending collateral) (italic
type)
10 Percent
of net assets (excluding
borrowings
for investment purposes)
(roman
type)
• No
specific percentage limitation on
usage;
limited only by the objective
and
strategies of the Fund.
The
Fund (except the Goldman Sachs
Access
Ultra Short Bond ETF) may
only
invest up to 20% of its assets in
securities
and other instruments not
included
in its underlying index.
|
Goldman
Sachs
Access
High
Yield
Corporate
Bond
ETF |
Goldman
Sachs
Access
Inflation
Protected
USD
Bond
ETF |
Goldman
Sachs
Access
Investment
Grade
Corporate
1-5
Year
Bond
ETF
|
Goldman
Sachs
Access
Investment
Grade
Corporate
Bond
ETF |
Goldman
Sachs
Access
Treasury
0-1
Year
ETF
|
Goldman
Sachs
Access
U.S.
Aggregate
Bond
ETF |
Goldman
Sachs
Access
Emerging
Markets
Local
Currency
Bond
ETF |
Goldman
Sachs
Access
Emerging
Markets
USD
Bond
ETF
|
Goldman
Sachs
Access
Investment
Grade
Corporate
10+
Year
Bond
ETF |
Goldman
Sachs
Access
U.S.
Treasury
Bond
ETF |
Goldman
Sachs
Access
Ultra
Short
Bond
ETF
|
Investment
Practices |
|
|
|
|
|
|
|
|
|
|
|
Borrowings
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
33
1/3
|
Custodial
Receipts and
Trust
Certificates
|
•
|
|
•
|
•
|
|
•
|
•
|
•
|
•
|
|
|
Derivatives,
including
futures,
options and
swaps
|
•
|
•
|
•
|
•
|
|
•
|
•
|
•
|
•
|
|
|
Foreign
Currency
Transactions
(including
forward
contracts)
|
•
|
|
•
|
•
|
|
|
•
|
|
•
|
|
|
Illiquid
Investments* |
15
|
15
|
15
|
15
|
15
|
15
|
15
|
15
|
15
|
15
|
15
|
Investment
Company
Securities
(including
ETFs)**
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
|
Repurchase
Agreements |
•
|
•
|
•
|
•
|
|
•
|
•
|
•
|
•
|
•
|
•
|
Reverse
Repurchase
Agreements***
|
•
|
•
|
•
|
•
|
|
•
|
•
|
•
|
•
|
•
|
•
|
When-Issued
Securities
and
Forward
Commitments
|
|
•
|
|
|
|
•
|
|
|
|
|
|
• No
specific percentage limitation on
usage;
limited
only by the objective and
strategies
of the Fund.
|
Goldman
Sachs
Access
High
Yield
Corporate
Bond
ETF |
Goldman
Sachs
Access
Inflation
Protected
USD
Bond
ETF |
Goldman
Sachs
Access
Investment
Grade
Corporate
1-5
Year
Bond
ETF |
Goldman
Sachs
Access
Investment
Grade
Corporate
Bond
ETF |
Goldman
Sachs
Access
Treasury
0-1
Year
ETF
|
Goldman
Sachs
Access
U.S.
Aggregate
Bond
ETF |
Goldman
Sachs
Access
Emerging
Markets
Local
Currency
Bond
ETF |
Goldman
Sachs
Access
Emerging
Markets
USD
Bond
ETF |
Goldman
Sachs
Access
Investment
Grade
Corporate
10+
Year
Bond
ETF |
Goldman
Sachs
Access
U.S.
Treasury
Bond
ETF |
Goldman
Sachs
Access
Ultra
Short
Bond
ETF |
Investment
Securities |
|
|
|
|
|
|
|
|
|
|
|
Asset-Backed
and
Mortgage-Backed
Securities
|
|
|
|
|
|
•
|
|
|
|
|
•
|
Bank
Obligations |
|
|
•
|
•
|
|
•
|
|
|
•
|
|
•
|
Collateralized
Loan
Obligations
|
|
|
|
|
|
•
|
|
|
|
|
•
|
Commercial
Paper |
|
|
|
|
|
•
|
|
|
|
|
•
|
Corporate
Debt
Obligations
|
•
|
|
•
|
•
|
|
•
|
|
•
|
•
|
|
•
|
Custodial
Receipts |
|
|
|
|
|
•
|
|
|
|
|
•
|
Emerging
Country
Securities
|
|
|
•
|
•
|
|
•
|
•
|
•
|
•
|
|
|
Fixed
Income Securities |
•
|
•
|
•
|
•
|
•
|
•
|
•
|
•
|
•
|
•
|
•
|
Floating
and Variable Rate
Obligations
|
•
|
|
•
|
•
|
|
•
|
|
|
•
|
|
•
|
Foreign
Government
Securities
|
|
|
|
|
|
•
|
•
|
•
|
|
|
•
|
Foreign
Securities |
•
|
|
•
|
•
|
|
•
|
•
|
•
|
•
|
|
•
|
Mortgage-Backed
Securities
|
|
|
|
|
|
|
|
|
|
|
|
Adjustable
Rate Mortgage
Loans
|
|
|
|
|
|
•
|
|
|
|
|
•
|
Collateralized
Mortgage
Obligations
|
|
|
|
|
|
•
|
|
|
|
|
•
|
Fixed
Rate Mortgage
Loans
|
|
|
|
|
|
•
|
|
|
|
|
•
|
Government
Issued
Mortgage
Backed
Securities
|
|
|
|
|
|
•
|
|
|
|
|
•
|
Multiple
Class
Mortgage-Backed
Securities
|
|
|
|
|
|
•
|
|
|
|
|
•
|
Municipal
Securities |
|
|
|
|
|
|
|
|
|
|
•
|
Non-Investment
Grade
Fixed
Income Securities
|
•
|
|
|
|
|
|
•
|
•
|
|
|
|
Repurchase
Agreements |
|
|
|
|
|
|
|
|
|
|
•
|
Short-Term
Obligations of
Corporate
or Other
Entities
|
|
|
|
|
|
|
|
|
|
|
|
Structured
Securities (may
include
equity or credit
linked
notes)
|
|
|
|
|
|
|
|
|
|
|
•
|
Temporary
Investments |
|
|
|
|
|
|
|
|
|
|
•
|
U.S.
Government Securities |
•
|
•
|
•
|
•
|
|
•
|
•
|
•
|
•
|
|
•
|
U.S.
Treasury Securities |
|
•
|
|
|
•
|
•
|
|
|
|
•
|
•
|
When-Issued
Securities
and
Forward
Commitments
|
|
|
|
|
|
|
|
|
|
|
•
|
Zero
Coupon, Deferred
Interest,
Pay-In-Kind
and
Capital
Appreciation
Bonds
|
|
|
|
|
|
•
|
|
|
|
|
|
✓Principal
Risk •Additional
Risk |
Goldman
Sachs
Access
High
Yield
Corporate
Bond ETF
|
Goldman
Sachs
Access
Inflation
Protected
USD
Bond ETF
|
Goldman
Sachs
Access
Investment
Grade
Corporate
1-5
Year
Bond ETF
|
Goldman
Sachs
Access
Investment
Grade
Corporate
Bond ETF
|
Goldman
Sachs
Access
Treasury
0-1
Year
ETF
|
Goldman
Sachs
Access
U.S.
Aggregate
Bond ETF
|
Goldman
Sachs
Access
Emerging
Markets
Local
Currency
Bond ETF
|
Goldman
Sachs
Access
Emerging
Markets
USD
Bond ETF
|
Goldman
Sachs
Access
Investment
Grade
Corporate
10+
Year
Bond ETF
|
Goldman
Sachs
Access
U.S.
Treasury
Bond ETF
|
Goldman
Sachs
Access
Ultra
Short
Bond ETF
|
Absence of
Active Market Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Asset-Backed
and Receivables-Backed Securities Risk |
|
|
|
|
|
|
|
|
|
|
• |
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Calculation
Methodology Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
Call/Prepayment
Risk |
✓ |
• |
✓ |
✓ |
|
• |
✓ |
✓ |
✓ |
|
• |
Cash
Transactions Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Collateralized
Loan Obligations and Other Collateralized
Debt
Obligations |
|
|
|
|
|
|
|
|
|
|
✓ |
CPIU
Measurement Risk |
|
✓ |
|
|
|
|
|
|
|
|
|
Counterparty
Risk |
|
|
|
|
|
• |
|
|
|
|
|
Credit/Default
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Currency
Risk |
|
|
|
|
|
|
✓ |
|
|
|
|
Deflation
Risk |
|
✓ |
|
|
|
|
|
|
|
|
|
Derivatives
Risk |
• |
• |
• |
• |
|
• |
• |
• |
• |
• |
|
Emerging
Countries Risk |
|
|
• |
• |
|
• |
✓ |
✓ |
• |
|
|
Extension
Risk |
✓ |
• |
✓ |
✓ |
|
• |
✓ |
✓ |
✓ |
|
• |
Financial
Services Industry Group Risk |
✓ |
|
✓ |
✓ |
|
✓ |
|
|
✓ |
|
✓ |
Floating
and Variable Rate Obligations Risk |
• |
|
• |
• |
|
• |
|
|
• |
|
✓ |
Foreign
Risk |
✓ |
|
✓ |
✓ |
|
✓ |
✓ |
✓ |
✓ |
|
✓ |
Geographic
Risk |
• |
|
• |
• |
|
• |
✓ |
✓ |
• |
|
|
Index Risk
|
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
Industrial
Industry Group Risk |
✓ |
|
✓ |
✓ |
|
✓ |
|
|
✓ |
|
|
Industry
Concentration Risk |
✓ |
|
✓ |
✓ |
|
✓ |
✓ |
✓ |
✓ |
|
✓ |
Interest
Rate Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Large
Shareholder Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Liquidity
Risk |
✓ |
• |
✓ |
✓ |
• |
• |
✓ |
✓ |
✓ |
• |
✓ |
Management
Risk |
|
|
|
|
|
|
|
|
|
|
• |
Market Risk
|
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Market
Trading Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Mortgage-Backed
and Other Asset-Backed Securities Risk |
|
|
|
|
|
✓ |
|
|
|
|
✓ |
Municipal
Securities Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Non-Diversification
Risk |
|
|
|
|
|
|
✓ |
|
|
|
|
Non-Investment
Grade Fixed Income Securities Risk |
✓ |
|
|
|
|
|
✓ |
✓ |
|
|
|
Portfolio
Turnover Rate Risk |
|
|
|
|
|
✓ |
|
|
|
|
|
Sampling
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
Secondary
Listing Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Sector
Risk |
|
|
|
|
|
• |
|
|
|
|
|
Seed
Investor Risk |
|
|
|
|
|
|
✓ |
✓ |
✓ |
✓ |
|
Sovereign
and Quasi- Sovereign Default Risk |
|
|
|
|
|
|
|
|
|
|
|
Economic
Risk |
|
|
|
|
|
✓ |
✓ |
✓ |
|
|
• |
Political
Risk |
|
|
|
|
|
✓ |
✓ |
✓ |
|
|
• |
Repayment
Risk |
|
|
|
|
|
✓ |
✓ |
✓ |
|
|
• |
Tax
Consequences Risk |
|
✓ |
|
|
|
|
|
|
|
|
|
Tracking
Error Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
Trading
Issues Risk |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Treasury
Inflation Protected Securities Risk |
|
✓ |
|
|
|
|
|
|
|
|
|
U.S.
Government Securities Risk |
• |
|
• |
• |
|
✓ |
• |
• |
• |
|
✓ |
U.S.
Treasury Securities Risk |
|
✓ |
|
|
✓ |
✓ |
|
|
|
✓ |
• |
Utilities
Industry Group Risk |
✓ |
|
✓ |
✓ |
|
✓ |
|
|
✓ |
|
|
Valuation
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓
|
INVESTMENT
ADVISER
|
Investment
Adviser |
Fund
|
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
Goldman
Sachs Access High Yield Corporate Bond ETF
Goldman
Sachs Access Inflation Protected USD Bond ETF
Goldman
Sachs Access Investment Grade Corporate 1-5 Year Bond ETF
Goldman
Sachs Access Investment Grade Corporate Bond ETF
Goldman
Sachs Access Treasury 0-1 Year ETF
Goldman
Sachs Access U.S. Aggregate Bond ETF
Goldman
Sachs Access Emerging Markets Local Currency Bond ETF
Goldman
Sachs Access Emerging Markets USD Bond ETF
Goldman
Sachs Access Investment Grade Corporate 10+ Year Bond ETF
Goldman
Sachs Access U.S. Treasury Bond ETF
Goldman
Sachs Access Ultra Short Bond ETF
|
MANAGEMENT
FEE AND OTHER EXPENSES
|
|
Fee
as a
Percentage
of
Average
Daily
Net
Assets |
Goldman
Sachs Access High Yield Corporate Bond ETF |
0.34%
|
Goldman
Sachs Access Inflation Protected USD Bond ETF |
0.12%
|
Goldman
Sachs Access Investment Grade Corporate 1-5 Year Bond ETF
|
0.14%
|
Goldman
Sachs Access Investment Grade Corporate Bond ETF |
0.14%
|
Goldman
Sachs Access Treasury 0-1 Year ETF |
0.14%
|
Goldman
Sachs Access U.S. Aggregate Bond ETF |
0.14%
|
Goldman
Sachs Access Emerging Markets Local Currency Bond ETF
|
0.45%
|
Goldman
Sachs Access Emerging Markets USD Bond ETF |
0.45%
|
Goldman
Sachs Access Investment Grade Corporate 10+ Year Bond ETF
|
0.14%
|
Goldman
Sachs Access U.S. Treasury Bond ETF |
0.14%
|
Goldman
Sachs Access Ultra Short Bond ETF |
0.20%
|
FUND
MANAGERS
|
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible
|
Five
Year Employment History |
David
Fishman
Managing
Director |
Portfolio
Manager—
Goldman
Sachs Access Treasury 0-1 Year ETF
Goldman
Sachs Access Ultra Short Bond ETF |
Since
2016
2019 |
Mr. Fishman
is the co-head of the
Global
Liquidity Management business
with GSAM.
He joined Goldman Sachs
in 1997.
|
Todd
Henry
Vice
President |
Portfolio
Manager—
Goldman
Sachs Access High Yield Corporate Bond ETF
Goldman
Sachs Access Inflation Protected USD Bond ETF
Goldman
Sachs Access Investment Grade Corporate 1-5 Year Bond ETF
Goldman
Sachs Access Investment Grade Corporate Bond ETF
Goldman
Sachs Access Treasury 0-1 Year ETF
Goldman
Sachs Access U.S. Aggregate Bond ETF
Goldman
Sachs Access Emerging Markets Local Currency Bond ETF
Goldman
Sachs Access Emerging Markets USD Bond ETF
Goldman
Sachs Access Investment Grade Corporate 10+ Year Bond ETF
Goldman
Sachs Access U.S. Treasury Bond ETF
Goldman
Sachs Access Ultra Short Bond ETF |
Since
2021 |
Mr. Henry
is a portfolio manager on the
Fixed
Income team within GSAM. He
joined GSAM
in 2012. |
David
Westbrook
Vice
President |
Portfolio
Manager—
Goldman
Sachs Access High Yield Corporate Bond ETF
Goldman
Sachs Access Inflation Protected USD Bond ETF
Goldman
Sachs Access Investment Grade Corporate 1-5 Year Bond ETF
Goldman
Sachs Access Investment Grade Corporate Bond ETF
Goldman
Sachs Access Treasury 0-1 Year ETF
Goldman
Sachs Access U.S. Aggregate Bond ETF
Goldman
Sachs Access Emerging Markets Local Currency Bond ETF
Goldman
Sachs Access Emerging Markets USD Bond ETF
Goldman
Sachs Access Investment Grade Corporate 10+ Year Bond ETF
Goldman
Sachs Access U.S. Treasury Bond ETF
Goldman
Sachs Access Ultra Short Bond ETF |
Since
2018
2018
2020
2018
2018
2020
2018
2019
2020
2020
2019 |
Mr.
Westbrook is a portfolio manager
on the U.S.
Fixed Income team within
GSAM. He
joined GSAM in 2012. |
DISTRIBUTOR
|
TRANSFER
AGENT, CUSTODIAN AND
PROVIDER
OF ADMINISTRATIVE SERVICES
|
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS
|
Buying
and Selling Shares
|
Payments
to Broker-Dealers and Other Financial Intermediaries
|
Net
Asset Value
|
NAV
= |
(Value
of Assets of the Fund)
–
(Liabilities of the Fund) |
|
Number
of Outstanding Shares of the Fund
|
Book
Entry
|
Creations
and Redemptions
|
DISTRIBUTIONS
|
TAXES
ON CREATIONS AND REDEMPTIONS OF CREATION UNITS
|
SALES
OF FUND SHARES
|
OTHER
INFORMATION
|
PREMIUM/DISCOUNT
INFORMATION
|
CONTINUOUS
OFFERING
|
DISTRIBUTION
AND SERVICE PLAN
|
A. General
Portfolio Risks
|
B.
Other Portfolio Risks
|
C.
Portfolio Securities and Techniques
|
|
Access
High Yield Corporate Bond ETF | |||
|
For the
Fiscal
Year Ended
August 31, |
For the
Period
September
5, 2017*
to
August 31,
2018 | ||
|
2021 |
2020 |
2019 | |
Per
Share Operating Performance: | ||||
Net asset
value, beginning of period |
$49.29 |
$49.42 |
$48.86 |
$49.92 |
Net
investment income(a)
|
2.24 |
2.49 |
2.75 |
2.41 |
Net
realized and unrealized gain (loss) |
1.15 |
(0.15) |
0.61 |
(1.21) |
Total gain
from investment operations |
3.39 |
2.34 |
3.36 |
1.20 |
Distributions
to shareholders from net investment income |
(2.28) |
(2.47) |
(2.80) |
(2.26) |
Net asset
value, end of period |
$50.40 |
$49.29 |
$49.42 |
$48.86 |
Market
price, end of period |
$50.38 |
$49.23 |
$49.24 |
$48.82 |
Total
Return at Net Asset Value(b) |
7.05% |
4.94% |
7.20% |
2.58% |
Net assets,
end of period (in 000’s) |
$231,834 |
$150,347 |
$76,602 |
$46,413 |
Ratio of
total expenses to average net assets |
0.34% |
0.34% |
0.34% |
(c)0.34%
|
Ratio of
net investment income to average net assets |
4.49% |
5.15% |
5.67% |
(c)4.93%
|
Portfolio
turnover rate(d)
|
22% |
22% |
23% |
69% |
|
Access
Inflation Protected USD Bond ETF | ||
|
For the
Fiscal
Year Ended
August 31, |
| |
|
2021 |
2020 |
For the
Period
October 2,
2018*
to
August 31,
2019 |
Per
Share Operating Performance: | |||
Net asset
value, beginning of period |
$56.96 |
$53.11 |
$50.00 |
Net
investment income(a)
|
2.85 |
0.33 |
1.27 |
Net
realized and unrealized gain |
0.30 |
4.18 |
2.98 |
Total gain
from investment operations |
3.15 |
4.51 |
4.25 |
Distributions
to shareholders from net investment income |
(1.59) |
(0.61) |
(1.14) |
Distributions
to shareholders from realized gains |
— |
(0.04) |
— |
Distributions
to shareholders from return of capital |
— |
(0.01) |
— |
Total
distributions to shareholders |
(1.59) |
(0.66) |
(1.14) |
Net asset
value, end of period |
$58.52 |
$56.96 |
$53.11 |
Market
price, end of period |
$58.54 |
$57.00 |
$53.08 |
Total
Return at Net Asset Value(b) |
5.62% |
8.57% |
8.61% |
Net assets,
end of period (in 000’s) |
$146,311 |
$31,330 |
$7,966 |
Ratio of
total expenses to average net assets |
0.12% |
0.12% |
(c)0.12%
|
Ratio of
net investment income to average net assets |
4.96% |
0.61% |
(c)2.74%
|
Portfolio
turnover rate(d)
|
56% |
43% |
36% |
|
Access
Investment Grade Corporate
1-5 Year
Bond ETF | |
|
For the
Fiscal
Year
Ended
August 31,
2021 |
For the
Period
July 7,
2020*
to
August 31,
2020 |
Per
Share Operating Performance: | ||
Net asset
value, beginning of period |
$50.21 |
$49.89 |
Net
investment income(a)
|
0.41 |
0.06 |
Net
realized and unrealized gain |
0.14 |
0.29 |
Total gain
from investment operations |
0.55 |
0.35 |
Distributions
to shareholders from net investment income |
(0.48) |
(0.03) |
Net asset
value, end of period |
$50.28 |
$50.21 |
Market
price, end of period |
$50.30 |
$50.28 |
Total
Return at Net Asset Value(b) |
1.10% |
0.70% |
Net assets,
end of period (in 000’s) |
$30,168 |
$27,617 |
Ratio of
total expenses to average net assets |
0.14% |
(c)0.14%
|
Ratio of
net investment income to average net assets |
0.82% |
(c)0.73%
|
Portfolio
turnover rate(d)
|
32% |
3% |
|
Access
Investment Grade Corporate Bond ETF | ||||
|
For the
Fiscal
Year Ended
August 31, |
For the
Period
June 6,
2017*
to
August 31,
2017 | |||
2021 |
2020 |
2019 |
2018 | ||
Per
Share Operating Performance: | |||||
Net asset
value, beginning of period |
$55.39 |
$52.87 |
$48.31 |
$50.28 |
$49.90 |
Net
investment income(a)
|
1.26 |
1.59 |
1.74 |
1.55 |
0.32 |
Net
realized and unrealized gain (loss) |
(0.14) |
2.54 |
4.52 |
(2.09) |
0.27 |
Total gain
(loss) from investment operations |
1.12 |
4.13 |
6.26 |
(0.54) |
0.59 |
Distributions
to shareholders from net investment income |
(1.27) |
(1.61) |
(1.70) |
(1.43) |
(0.21) |
Net asset
value, end of period |
$55.24 |
$55.39 |
$52.87 |
$48.31 |
$50.28 |
Market
price, end of period |
$55.19 |
$55.47 |
$52.90 |
$48.28 |
$50.24 |
Total
Return at Net Asset Value(b) |
2.07% |
7.95% |
13.35% |
(1.04)% |
1.19% |
Net assets,
end of period (in 000’s) |
$776,118 |
$642,578 |
$526,049 |
$258,462 |
$180,997 |
Ratio of
net expenses to average net assets |
0.14% |
0.14% |
0.14% |
0.14% |
(c)0.13%
|
Ratio of
total expenses to average net assets |
0.14% |
0.14% |
0.14% |
0.14% |
(c)0.14%
|
Ratio of
net investment income to average net assets |
2.30% |
3.00% |
3.54% |
3.18% |
(c)2.65%
|
Portfolio
turnover rate(d)
|
11% |
9% |
13% |
22% |
(e)0% |
|
Access
Treasury 0-1 Year ETF | ||||
|
For the
Fiscal
Year Ended
August 31, |
For the
Period
September
6, 2016*
to
August 31,
2017 | |||
2021 |
2020 |
2019 |
2018 | ||
Per
Share Operating Performance: | |||||
Net asset
value, beginning of period |
$100.44 |
$100.38 |
$100.16 |
$100.10 |
$100.00 |
Net
investment income (loss)(a)
|
(0.02) |
1.13 |
2.23 |
1.48 |
0.82 |
Net
realized and unrealized gain (loss) |
(0.01) |
0.29 |
0.15 |
(0.13) |
(0.29) |
Total gain
(loss) from investment operations |
(0.03) |
1.42 |
2.38 |
1.35 |
0.53 |
Distributions
to shareholders from net investment income |
(0.27) |
(1.36) |
(2.16) |
(1.29) |
(0.43) |
Distributions
to shareholders from return of capital |
(0.05) |
— |
— |
— |
— |
Total
distributions to shareholders |
(0.32) |
(1.36) |
(2.16) |
(1.29) |
(0.43) |
Net asset
value, end of period |
$100.09 |
$100.44 |
$100.38 |
$100.16 |
$100.10 |
Market
price, end of period |
$100.08 |
$100.45 |
$100.40 |
$100.18 |
$100.10 |
Total
Return at Net Asset Value(b) |
(0.03)% |
1.42% |
2.40% |
1.37% |
0.53% |
Net assets,
end of period (in 000’s) |
$1,857,660 |
$3,045,396 |
$3,174,026 |
$1,642,627 |
$815,829 |
Ratio of
net expenses to average net assets |
0.12% |
0.12% |
0.12% |
0.12% |
(c)0.13%
|
Ratio of
total expenses to average net assets |
0.14% |
0.14% |
0.14% |
0.14% |
(c)0.14%
|
Ratio of
net investment income (loss) to average net assets |
(0.02)% |
1.13% |
2.22% |
1.48% |
(c)0.83%
|
Portfolio
turnover rate(d)
|
—% |
—% |
—% |
—% |
—% |
|
Access
U.S.
Aggregate
Bond
ETF |
|
For the
Period
September
8, 2020*
to
August 31,
2021 |
Per
Share Operating Performance: |
|
Net
asset value, beginning of period |
$50.03 |
Net
investment income(a)
|
0.37 |
Net
realized and unrealized gain |
(0.63) |
Total gain
from investment operations |
(0.26) |
Distributions
to shareholders from net investment income |
(0.37) |
Net asset
value, end of period |
$49.40 |
Market
price, end of period |
$49.38 |
Total
Return at Net Asset Value(b) |
(0.52)% |
Net assets,
end of period (in 000’s) |
$219,827 |
Ratio of
net expenses to average net assets |
(c)0.11%
|
Ratio of
total expenses to average net assets |
(c)0.14%
|
Ratio of
net investment income to average net assets |
(c)0.77%
|
Portfolio
turnover rate(d)
|
525% |
|
Access
Ultra Short Bond ETF | ||
|
For the
Fiscal
Year Ended
August 31, |
For the
Period
April 15,
2019*
to
August 31,
2019 | |
|
2021 |
2020 | |
Per
Share Operating Performance: | |||
Net asset
value, beginning of period |
$50.77 |
$50.49 |
$50.00 |
Net
investment income(a)
|
0.28 |
0.73 |
0.52 |
Net
realized and unrealized gain |
0.02 |
0.42 |
0.34 |
Total gain
from investment operations |
0.30 |
1.15 |
0.86 |
Distributions
to shareholders from net investment income |
(0.36) |
(0.87) |
(0.37) |
Net asset
value, end of period |
$50.71 |
$50.77 |
$50.49 |
Market
price, end of period |
$50.71 |
$50.78 |
$50.51 |
Total
Return at Net Asset Value(b) |
0.59% |
2.28% |
1.75% |
Net assets,
end of period (in 000’s) |
$330,874 |
$149,765 |
$15,148 |
Ratio of
net expenses to average net assets |
0.16% |
0.16% |
(c)0.16%
|
Ratio of
total expenses to average net assets |
0.20% |
0.20% |
(c)0.20%
|
Ratio of
net investment income to average net assets |
0.55% |
1.45% |
(c)2.72%
|
Portfolio
turnover rate(d)
|
51% |
63% |
66% |
FOR
MORE INFORMATION
|
|
Shareholders/Authorized
Participants |
Financial
Advisors |
◼ By
telephone: |
1-800-621-2550
|
1-800-292-4726
|
◼ By
mail: |
Goldman
Sachs Funds
P.O.
Box 06050
Chicago,
IL 60606-6306 |
|
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|