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 A
FUND. |
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Management
Fee |
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Distribution
and Service (12b-1) Fee |
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Other
Expenses |
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Total
Annual Fund Operating Expenses |
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Fee
Waiver1
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( |
Total
Annual Fund Operating Expenses After Fee Waiver |
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1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
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1
Year |
Since
Inception |
Inception
Date | |
Goldman
Sachs MarketBeta Emerging Markets Equity ETF |
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Returns
Before Taxes |
- |
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Returns
After Taxes on Distributions |
- |
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Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
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Solactive
GBS Emerging Markets Large & Mid Cap Index |
- |
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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 |
$ |
$ |
$ |
$ |
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1
Year |
Since
Inception |
Inception
Date | |
Goldman
Sachs MarketBeta International Equity ETF |
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Returns
Before Taxes |
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Returns
After Taxes on Distributions |
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Returns
After Taxes on Distributions and Sale of Fund Shares |
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|
Solactive
GBS Developed Markets ex North America Large & Mid Cap
Index |
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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 |
$ |
$ |
$ |
$ |
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1
Year |
Since
Inception |
Inception
Date | |
Goldman
Sachs MarketBeta U.S. Equity ETF |
|
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Returns
Before Taxes |
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Returns
After Taxes on Distributions |
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Returns
After Taxes on Distributions and Sale of Fund Shares |
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|
Solactive
GBS United States Large & Mid Cap Index |
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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 |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVE |
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.
A
Fund may only invest up to 20% of its assets in securities and other
instruments not included in its underlying index. |
MarketBeta®
Emerging
Markets
Equity
ETF |
MarketBeta®
International
Equity
ETF |
MarketBeta®
U.S.
Equity ETF |
MarketBeta®
International
Small
Cap
Equity
ETF |
Investment
Practices |
|
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Derivatives,
including futures, options and swaps |
• |
• |
• |
• |
Foreign
Currency Transactions (including forward contracts) |
• |
• |
|
• |
Illiquid
Investments* |
15 |
15 |
15 |
15 |
Investment
Company Securities (including ETFs)** |
10 |
10 |
10 |
10 |
Preferred
Stock, Warrants and Stock Purchase Rights |
• |
• |
• |
• |
Repurchase
Agreements |
• |
• |
• |
• |
Securities
Lending |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
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 may only invest up to 20% of its assets in securities and other
instruments not index. |
MarketBeta®
Emerging
Markets
Equity
ETF |
MarketBeta®
International
Equity
ETF |
MarketBeta®
U.S.
Equity ETF |
MarketBeta®
International
Small
Cap
Equity
ETF |
Investment
Securities |
|
|
|
|
Emerging
Country Securities |
• |
|
|
|
Equity
Investments |
• |
• |
• |
• |
Foreign
Securities |
• |
• |
|
• |
✓ Principal
Risk
• Additional
Risk |
MarketBeta®
Emerging
Markets
Equity
ETF |
MarketBeta®
International
Equity
ETF |
MarketBeta®
U.S.
Equity ETF |
MarketBeta®
International
Small
Cap
Equity
ETF |
Absence
of Active Market Risk |
• |
• |
• |
• |
Asian
Investment Risk |
• |
• |
|
• |
Authorized
Participant Concentration Risk |
• |
• |
• |
• |
Calculation
Methodology Risk |
✓ |
✓ |
✓ |
✓ |
Cash
Transactions Risk |
✓ |
|
|
|
China
Risk |
✓ |
|
|
|
Cybersecurity
Risk |
• |
• |
• |
• |
Depository
Receipts Risk |
✓ |
✓ |
|
✓ |
Derivatives
Risk |
• |
• |
• |
• |
Diversification
Risk |
✓ |
✓ |
✓ |
✓ |
Emerging
Countries Risk |
✓ |
|
|
|
European
Investment Risk |
|
✓ |
|
✓ |
Expenses
Risk |
✓ |
• |
|
• |
Foreign
Custody Risk |
• |
• |
|
• |
Foreign
Risk |
✓ |
✓ |
|
✓ |
Geographic
Risk |
✓ |
✓ |
✓ |
✓ |
Index
Risk |
✓ |
✓ |
✓ |
✓ |
Industry
Concentration Risk |
✓ |
✓ |
✓ |
✓ |
Japan
Risk |
|
✓ |
|
✓ |
Large
Shareholder Risk |
✓ |
✓ |
✓ |
✓ |
Liquidity
Risk |
• |
• |
• |
• |
Market
Risk |
✓ |
✓ |
✓ |
✓ |
Market
Trading Risk |
✓ |
✓ |
✓ |
✓ |
Mid-Cap
and Small-Cap Risk |
✓ |
✓ |
✓ |
✓ |
Secondary
Listing Risk |
• |
• |
• |
• |
Seed
Investor Risk |
|
|
|
✓ |
Stock
Risk |
✓ |
✓ |
✓ |
✓ |
Tracking
Error Risk |
✓ |
✓ |
✓ |
✓ |
Trading
Issues Risk |
• |
• |
• |
• |
Valuation
Risk |
✓ |
✓ |
✓ |
✓ |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
MarketBeta®
Emerging Markets Equity ETF
MarketBeta®
International Equity ETF
MarketBeta®
U.S. Equity ETF
MarketBeta®
International Small Cap Equity
ETF |
MANAGEMENT
FEE AND OTHER EXPENSES |
Fund |
Fee
as a
Percentage
of
Average
Daily
Net
Assets |
MarketBeta®
Emerging Markets Equity ETF |
0.45% |
MarketBeta®
International Equity ETF |
0.25% |
MarketBeta®
U.S. Equity ETF |
0.09% |
MarketBeta®
International Small Cap Equity ETF |
0.30% |
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Primarily
Responsible |
Five
Year Employment History |
Raj
Garigipati
Managing
Director |
Portfolio
Manager—
MarketBeta®
Emerging
Markets
Equity
ETFMarketBeta®
International
Equity
ETF
MarketBeta®
U.S. Equity
ETFMarketBeta®
International
Small
Cap Equity ETF |
Since
2020
2020
2020
Inception |
Mr.
Garigipati joined the ETF Portfolio Management team in 2015.
Prior
to joining the ETF Portfolio Management team, he had been
the
Chief Risk Officer of the Quantitative Investment Strategies
team
since 2011. He joined Goldman Sachs in
2003. |
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 |
|
MarketBeta®
Emerging Markets Equity ETF | ||
|
For
the Fiscal
Year
Ended August 31, |
For
the Period
May
12, 2020*
to
August
31, 2020 | |
|
2022 |
2021 | |
Per
Share Operating Performance: | |||
Net
asset value, beginning of period |
$55.68 |
$48.15 |
$39.60 |
Net
investment income(a) |
1.35(b) |
0.89 |
0.49 |
Net
realized and unrealized gain (loss) |
(11.93) |
8.14 |
8.06 |
Total
gain (loss) from investment operations |
(10.58) |
9.03 |
8.55 |
Distributions
to shareholders from net investment income |
(3.87) |
(1.50) |
— |
Net
asset value, end of period |
$41.23 |
$55.68 |
$48.15 |
Market
price, end of period |
$41.16 |
$55.72 |
$48.36 |
Total
Return at Net Asset Value(c) |
(20.01)% |
19.35% |
21.54% |
Net
assets, end of period (in 000’s) |
$32,981 |
$36,191 |
$38,517 |
Ratio
of net expenses to average net assets |
0.36% |
0.36% |
0.36%(d) |
Ratio
of total expenses to average net assets |
0.45% |
0.45% |
0.45%(d) |
Ratio
of net investment income to average net assets |
2.87%(b) |
1.63% |
3.60%(d) |
Portfolio
turnover rate(e) |
18% |
21% |
23% |
|
MarketBeta®
International Equity ETF | ||
|
For
the Fiscal
Year
Ended August 31, |
For
the Period
May
12, 2020*
to
August
31, 2020 | |
|
2022 |
2021 | |
Per
Share Operating Performance: | |||
Net
asset value, beginning of period |
$57.61 |
$46.79 |
$40.14 |
Net
investment income(a) |
1.63 |
1.28 |
0.30 |
Net
realized and unrealized gain (loss) |
(12.83) |
10.84 |
6.35 |
Total
gain (loss) from investment operations |
(11.20) |
12.12 |
6.65 |
Distributions
to shareholders from net investment income |
(1.78) |
(1.30) |
— |
Net
asset value, end of period |
$44.63 |
$57.61 |
$46.79 |
Market
price, end of period |
$44.33 |
$57.80 |
$46.82 |
Total
Return at Net Asset Value(b) |
(19.80)% |
26.20% |
16.57% |
Net
assets, end of period (in 000’s) |
$357,050 |
$357,192 |
$280,723 |
Ratio
of net expenses to average net assets |
0.20% |
0.20% |
0.20%(c) |
Ratio
of total expenses to average net assets |
0.25% |
0.25% |
0.25%(c) |
Ratio
of net investment income to average net assets |
3.15% |
2.41% |
2.15%(c) |
Portfolio
turnover rate(d) |
7% |
5% |
1% |
|
MarketBeta®
U.S. Equity ETF | ||
|
For
the Fiscal
Year
Ended August 31, |
For
the Period
May
12, 2020*
to
August
31, 2020 | |
|
2022 |
2021 | |
Per
Share Operating Performance: | |||
Net
asset value, beginning of period |
$63.07 |
$48.62 |
$39.20 |
Net
investment income(a) |
0.82 |
0.74 |
0.22 |
Net
realized and unrealized gain (loss) |
(9.20) |
14.46 |
9.20 |
Total
gain (loss) from investment operations |
(8.38) |
15.20 |
9.42 |
Distributions
to shareholders from net investment income |
(0.73) |
(0.75) |
— |
Net
asset value, end of period |
$53.96 |
$63.07 |
$48.62 |
Market
price, end of period |
$53.97 |
$63.09 |
$48.69 |
Total
Return at Net Asset Value(b) |
(13.41)% |
31.60% |
24.03% |
Net
assets, end of period (in 000’s) |
$685,236 |
$428,861 |
$257,663 |
Ratio
of net expenses to average net assets |
0.07% |
0.07% |
0.07%(c) |
Ratio
of total expenses to average net assets |
0.09% |
0.09% |
0.09%(c) |
Ratio
of net investment income to average net assets |
1.40% |
1.36% |
1.62%(c) |
Portfolio
turnover rate(d) |
3% |
4% |
1% |
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 806395
Chicago,
IL 60680-4125 |
|
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|