GS Asia High Yield Bond Pf.O.C.H/  LU2435153197  /

The Portfolio seeks to provide income and capital growth over the longer term. The Portfolio will mostly invest in below investment grade fixed income securities of Asian companies (including up to 10% in distressed securities). Such companies are either based in or earn most of their profits or revenues from Asia. The Portfolio may invest up to 30% in mainland China debt securities via the China Interbank Bond Market initiative. The Portfolio may invest in convertibles (securities that can be converted into other type of securities). These convertibles may include up to 25% of contingent convertible bonds ("CoCos") of banks, finance and insurance companies which have a particular risk profile as set out below. The Portfolio promotes environmental and/or social characteristics, however, does not commit to making any sustainable investments. As part of its investment process, the Investment Adviser will implement a multi-strategy approach to ESG which may consist of the application of exclusionary screens and the integration of ESG factors alongside traditional factors. The Portfolio will use derivative instruments 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 other underlying assets. The Portfolio may invest in up to 20% in mortgage and asset-backed securities. Shares in the Portfolio may be redeemed daily (on each business day) on demand.

The Portfolio seeks to provide income and capital growth over the longer term.