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
|
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
|
|
ActiveBeta® Emerging
Markets Equity ETF | ||||
|
For the
Fiscal
Year Ended
August 31, | ||||
|
2021 |
2020 |
2019 |
2018 |
2017
|
Per
Share Operating Performance:
| |||||
Net asset
value, beginning of year |
$33.28 |
$31.12 |
$32.98 |
$33.73 |
$
28.03 |
Net
investment income(a)
|
0.67 |
(b)0.80
|
0.75 |
0.77 |
0.63 |
Net
realized and unrealized gain (loss) |
6.07 |
2.17 |
(1.79) |
(0.84) |
5.58 |
Total gain
(loss) from investment operations |
6.74 |
2.97 |
(1.04) |
(0.07) |
6.21 |
Distributions
to shareholders from net investment income |
(0.69) |
(0.81) |
(0.82) |
(0.68) |
(0.51) |
Net asset
value, end of year |
$39.33 |
$33.28 |
$31.12 |
$32.98 |
$
33.73 |
Market
price, end of year |
$39.16 |
$33.28 |
$31.14 |
$32.87 |
$
33.74 |
Total
Return at Net Asset Value
(c)
|
20.49% |
9.55% |
(3.21)% |
(0.28)% |
22.49% |
Net assets,
end of year (in 000’s) |
$1,388,289 |
$1,710,477 |
$1,699,201 |
$1,688,540 |
$
1,490,683 |
Ratio of
net expenses to average net assets |
0.45% |
0.45% |
0.45% |
0.45% |
0.45% |
Ratio of
total expenses to average net assets |
0.51% |
0.52% |
0.51% |
0.51% |
0.53% |
Ratio of
net investment income to average net assets |
1.76% |
(b)2.55%
|
2.37% |
2.19% |
2.13% |
Portfolio
turnover rate(d)
|
46% |
38% |
28% |
28% |
27% |
|
ActiveBeta® Europe
Equity ETF | ||||
|
For the
Fiscal
Year Ended
August 31, | ||||
|
2021 |
2020 |
2019 |
2018 |
2017 |
Per
Share Operating Performance: | |||||
Net asset
value, beginning of year |
$29.85 |
$28.59 |
$30.82 |
$30.39 |
$26.12 |
Net
investment income(a)
|
0.84 |
0.58 |
0.89 |
0.95 |
0.75 |
Net
realized and unrealized gain (loss) |
8.15 |
1.27 |
(1.84) |
0.37 |
4.26 |
Total gain
(loss) from investment operations |
8.99 |
1.85 |
(0.95) |
1.32 |
5.01 |
Distributions
to shareholders from net investment income |
(0.85) |
(0.59) |
(1.28) |
(0.89) |
(0.74) |
Net asset
value, end of year |
$37.99 |
$29.85 |
$28.59 |
$30.82 |
$30.39 |
Market
price, end of year |
$38.05 |
$29.81 |
$28.62 |
$30.73 |
$30.54 |
Total
Return at Net Asset Value(b) |
30.45% |
6.69% |
(3.15)% |
4.40% |
19.46% |
Net assets,
end of year (in 000’s) |
$20,893 |
$16,416 |
$18,584 |
$73,963 |
$44,062 |
Ratio of
total expenses to average net assets |
0.25% |
0.25% |
0.25% |
0.25% |
0.25% |
Ratio of
net investment income to average net assets |
2.47% |
2.01% |
3.07% |
3.02% |
2.71% |
Portfolio
turnover rate(c)
|
19% |
18% |
17% |
23% |
17% |
|
ActiveBeta®
International Equity ETF | ||||
|
For the
Fiscal
Year Ended
August 31, | ||||
|
2021 |
2020 |
2019 |
2018 |
2017 |
Per
Share Operating Performance: | |||||
Net asset
value, beginning of year |
$28.72 |
$27.70 |
$29.42 |
$28.38 |
$24.67 |
Net
investment income(a)
|
0.75 |
0.57 |
0.86 |
0.76 |
0.69 |
Net
realized and unrealized gain (loss) |
6.97 |
1.05 |
(1.78) |
1.02 |
3.61 |
Total gain
(loss) from investment operations |
7.72 |
1.62 |
(0.92) |
1.78 |
4.30 |
Distributions
to shareholders from net investment income |
(0.68) |
(0.60) |
(0.80) |
(0.74) |
(0.59) |
Net asset
value, end of year |
$35.76 |
$28.72 |
$27.70 |
$29.42 |
$28.38 |
Market
price, end of year |
$35.75 |
$28.63 |
$27.73 |
$29.45 |
$28.53 |
Total
Return at Net Asset Value(b) |
27.12% |
5.96% |
(3.09)% |
6.30% |
17.66% |
Net assets,
end of year (in 000’s) |
$3,093,235 |
$1,743,562 |
$1,545,601 |
$1,094,462 |
$593,129 |
Ratio of
total expenses to average net assets |
0.25% |
0.25% |
0.25% |
0.25% |
0.25% |
Ratio of
net investment income to average net assets |
2.31% |
2.08% |
3.10% |
2.56% |
2.64% |
Portfolio
turnover rate(c)
|
21% |
20% |
17% |
16% |
23% |
|
ActiveBeta® Japan
Equity ETF | ||||
|
For the
Fiscal
Year Ended
August 31, | ||||
|
2021 |
2020 |
2019 |
2018 |
2017 |
Per
Share Operating Performance: | |||||
Net asset
value, beginning of year |
$32.60 |
$30.59 |
$32.99 |
$30.71 |
$27.33 |
Net
investment income(a)
|
0.60 |
0.66 |
0.82 |
0.54 |
0.48 |
Net
realized and unrealized gain (loss) |
5.25 |
2.15 |
(2.29) |
2.36 |
3.50 |
Total gain
(loss) from investment operations |
5.85 |
2.81 |
(1.47) |
2.90 |
3.98 |
Distributions
to shareholders from net investment income |
(0.54) |
(0.80) |
(0.93) |
(0.62) |
(0.60) |
Net asset
value, end of year |
$37.91 |
$32.60 |
$30.59 |
$32.99 |
$30.71 |
Market
price, end of year |
$37.75 |
$32.51 |
$30.52 |
$32.90 |
$30.79 |
Total
Return at Net Asset Value(b) |
18.02% |
9.15% |
(4.32)% |
9.42% |
14.74% |
Net assets,
end of year (in 000’s) |
$15,163 |
$19,561 |
$24,468 |
$52,778 |
$42,992 |
Ratio of
total expenses to average net assets |
0.25% |
0.25% |
0.25% |
0.25% |
0.25% |
Ratio of
net investment income to average net assets |
1.64% |
2.09% |
2.64% |
1.62% |
1.68% |
Portfolio
turnover rate(c)
|
21% |
18% |
33% |
23% |
22% |
|
ActiveBeta® U.S.
Large Cap Equity ETF | ||||
|
For the
Fiscal
Year Ended
August 31, | ||||
|
2021 |
2020 |
2019 |
2018 |
2017 |
Per
Share Operating Performance: | |||||
Net asset
value, beginning of year |
$70.70 |
$59.09 |
$58.75 |
$49.16 |
$43.83 |
Net
investment income(a)
|
0.96 |
1.06 |
1.03 |
0.96 |
0.97 |
Net
realized and unrealized gain |
20.21 |
11.62 |
0.30 |
9.56 |
5.17 |
Total gain
from investment operations |
21.17 |
12.68 |
1.33 |
10.52 |
6.14 |
Distributions
to shareholders from net investment income |
(0.92) |
(1.07) |
(0.99) |
(0.93) |
(0.81) |
Net asset
value, end of year |
$90.95 |
$70.70 |
$59.09 |
$58.75 |
$49.16 |
Market
price, end of year |
$90.91 |
$70.61 |
$59.07 |
$58.75 |
$49.15 |
Total
Return at Net Asset Value(b) |
30.21% |
21.81% |
2.42% |
21.65% |
14.15% |
Net assets,
end of year (in 000’s) |
$13,769,847 |
$10,427,895 |
$6,606,050 |
$3,980,297 |
$2,396,490 |
Ratio of
total expenses to average net assets |
0.09% |
0.09% |
0.09% |
0.09% |
0.09% |
Ratio of
net investment income to average net assets |
1.22% |
1.72% |
1.82% |
1.78% |
2.08% |
Portfolio
turnover rate(c)
|
16% |
17% |
16% |
16% |
20% |
|
ActiveBeta® U.S.
Small Cap Equity ETF | ||||
|
For the
Fiscal
Year Ended
August 31, |
For the
Period
June 28,
2017*
to
August 31,
2017 | |||
|
2021 |
2020 |
2019 |
2018 | |
Per
Share Operating Performance: | |||||
Net asset
value, beginning of period |
$43.57 |
$42.84 |
$49.49 |
$39.65 |
$40.36 |
Net
investment income(a)
|
(b)0.53
|
0.51 |
0.57 |
0.56 |
0.07 |
Net
realized and unrealized gain (loss) |
21.35 |
0.78 |
(6.66) |
9.79 |
(0.78) |
Total gain
(loss) from investment operations |
21.88 |
1.29 |
(6.09) |
10.35 |
(0.71) |
Distributions
to shareholders from net investment income |
(0.48) |
(0.56) |
(0.56) |
(0.51) |
— |
Net asset
value, end of period |
$64.97 |
$43.57 |
$42.84 |
$49.49 |
$39.65 |
Market
price, end of period |
$64.94 |
$43.63 |
$42.84 |
$49.55 |
$38.95 |
Total
Return at Net Asset Value(c) |
50.45% |
3.13% |
(12.28)% |
26.28% |
(1.76)% |
Net assets,
end of period (in 000’s) |
$412,543 |
$152,484 |
$96,399 |
$47,014 |
$11,896 |
Ratio of
total expenses to average net assets |
0.20% |
0.20% |
0.20% |
0.20% |
(d)0.20%
|
Ratio of
net investment income to average net assets |
(b)0.90%
|
1.21% |
1.32% |
1.24% |
(d)0.96%
|
Portfolio
turnover rate(e)
|
25% |
20% |
20% |
27% |
(f)0%
|
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 |
|