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
|
|
Expense
Limitation1
|
( |
Total
Annual Fund Operating Expenses After Expense Limitation
|
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date |
ActiveBeta®
Emerging Markets Equity ETF |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Goldman
Sachs ActiveBeta® Emerging
Markets Equity Index (reflects no deduction for fees or
expenses) |
|
|
|
|
MSCI
Emerging Markets Index (Net, Unhedged; 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
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Goldman
Sachs ActiveBeta Europe Equity ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Goldman
Sachs ActiveBeta® Europe
Equity Index (reflects no deduction for fees or
expenses) |
|
|
|
MSCI Europe
Index (Net, Unhedged; 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
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date |
ActiveBeta®
International Equity ETF |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Goldman
Sachs ActiveBeta®
International Equity Index (reflects no deduction for fees or
expenses) |
|
|
|
|
MSCI World
ex USA Index (Net, Unhedged, USD; 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
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Goldman
Sachs ActiveBeta®
Japan Equity ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Goldman
Sachs ActiveBeta® Japan
Equity Index (reflects no deduction for fees or
expenses) |
|
|
|
MSCI Japan
Index (Unhedged; 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
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date |
ActiveBeta®
U.S. Large Cap Equity ETF |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Goldman
Sachs ActiveBeta® U.S. Large
Cap Equity Index (reflects no deduction for fees or
expenses) |
|
|
|
|
S&P 500
Index (Total Return, USD; 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
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
ActiveBeta®
U.S. Small Cap Equity ETF |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
Goldman
Sachs ActiveBeta® U.S. Small
Cap Equity Index (reflects no deduction for fees or
expenses) |
|
|
|
Russell
2000® 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
|
Tax
Information
|
Payments
to Broker-Dealers and
Other
Financial Intermediaries
|
INVESTMENT
OBJECTIVE
|
PRINCIPAL
INVESTMENT STRATEGIES
|
INDEX
DISCLAIMERS
|
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.
|
ActiveBeta®
Emerging
Markets
ETF |
ActiveBeta®
Europe
Equity
ETF |
ActiveBeta®
International
Equity
ETF |
ActiveBeta®
Japan
Equity
ETF |
ActiveBeta®
U.S.
Large
Cap
ETF |
ActiveBeta®
U.S.
Small
Cap
ETF |
Investment
Practices |
|
|
|
|
|
|
Borrowings
|
33 1∕3
|
33 1∕3
|
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
|
15
|
15
|
Investment
Company Securities (including ETFs)** |
10
|
10
|
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
|
33 1∕3
|
33 1∕3
|
• No
specific percentage limitation on usage;
limited
only by the objective and strategies of the Fund
|
ActiveBeta®
Emerging
Markets
Equity
ETF |
ActiveBeta®
Europe
Equity
ETF |
ActiveBeta®
International
Equity
ETF |
ActiveBeta®
Japan
Equity
ETF |
ActiveBeta®
U.S.
Large
Cap
Equity
ETF
|
ActiveBeta®
U.S.
Small
Cap
Equity
ETF
|
Investment
Securities |
|
|
|
|
|
|
Emerging
Country Securities |
•
|
|
|
|
|
|
Equity
Investments |
•
|
•
|
•
|
•
|
•
|
•
|
Foreign
Securities |
•
|
•
|
•
|
•
|
|
|
✓ Principal
Risk
• Additional
Risk |
ActiveBeta®
Emerging
Markets
Equity
ETF |
ActiveBeta®
Europe
Equity
ETF |
ActiveBeta®
International
Equity
ETF |
ActiveBeta®
Japan
Equity
ETF |
ActiveBeta®
U.S.
Large
Cap
Equity
ETF
|
ActiveBeta®
U.S.
Small
Cap
Equity
ETF
|
Absence
of Active Market Risk |
•
|
•
|
•
|
•
|
•
|
•
|
Asian
Investment Risk |
•
|
|
•
|
•
|
|
|
Authorized
Participant Concentration Risk |
•
|
•
|
•
|
•
|
•
|
•
|
Calculation
Methodology Risk |
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
Cash
Transactions Risk |
✓
|
|
|
|
|
|
Depositary
Receipts Risk |
✓
|
✓
|
✓
|
✓
|
|
|
Derivatives
Risk |
•
|
•
|
•
|
•
|
•
|
•
|
Emerging
Countries Risk |
✓
|
|
|
|
|
|
European
Investment Risk |
|
✓
|
•
|
|
|
|
Expenses
Risk |
✓
|
•
|
•
|
•
|
•
|
•
|
Foreign
Risk |
✓
|
✓
|
✓
|
✓
|
|
|
Foreign
Custody Risk |
•
|
•
|
•
|
•
|
|
|
Geographic
Risk |
✓
|
✓
|
✓
|
✓
|
|
|
Index
Risk |
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
Industry
Concentration Risk |
✓
|
✓
|
✓
|
✓
|
✓
|
✓
|
Investment
Style 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 |
ActiveBeta®
Emerging Markets Equity ETF
ActiveBeta®
Europe Equity ETF
ActiveBeta®
International Equity ETF
ActiveBeta®
Japan Equity ETF
ActiveBeta®
U.S. Large Cap Equity ETF
ActiveBeta®
U.S. Small Cap Equity ETF |
MANAGEMENT
FEE AND OTHER EXPENSES
|
Fund
|
Fee
as a
Percentage
of
Average
Daily
Net
Assets |
ActiveBeta®
Emerging Markets Equity ETF |
0.40%
|
ActiveBeta®
Europe Equity ETF |
0.25%
|
ActiveBeta®
International Equity ETF |
0.25%
|
ActiveBeta®
Japan Equity ETF |
0.25%
|
ActiveBeta®
U.S. Large Cap Equity ETF |
0.09%
|
ActiveBeta®
U.S. Small Cap Equity ETF |
0.20%
|
FUND
MANAGERS
|
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible
|
Five
Year Employment History |
Raj
Garigipati
Managing
Director |
Portfolio
Manager—
ActiveBeta®
Emerging Markets
Equity
ETF
ActiveBeta®
Europe Equity ETF
ActiveBeta®
International
Equity
ETF
ActiveBeta®
Japan Equity ETF
ActiveBeta®
U.S. Large Cap
Equity
ETF
ActiveBeta®
U.S. Small Cap
Equity
ETF |
Since
2015 2016 2015 2016 2015 2017
|
Mr.
Garigipati joined the ETF Portfolio Management team in 2015.
He
joined Goldman Sachs in 2003 and became the Chief Risk
Officer
in 2011. |
Jamie
McGregor
Vice
President |
Portfolio
Manager—
ActiveBeta®
Emerging Markets
Equity
ETF
ActiveBeta®
Europe Equity ETF
ActiveBeta®
International
Equity
ETF
ActiveBeta®
Japan Equity ETF
ActiveBeta®
U.S. Large Cap
Equity
ETF
ActiveBeta®
U.S. Small Cap
Equity
ETF |
Since
2016 2016 2016 2016 2016 2017
|
Mr.
McGregor is a portfolio manager on the ETF Portfolio
Management
team. He joined GSAM in 2015. Prior to joining
GSAM,
he was a portfolio manager at Guggenheim Investments
since
2007. |
DISTRIBUTOR
|
TRANSFER
AGENT, CUSTODIAN AND
PROVIDER
OF ADMINISTRATIVE SERVICES
|