Goldman Sachs US$ Standard VNAV Fund X Accumulation Class/  IE00BDFK3397  /

The investment objective of the US$ Standard VNAV Fund is to maintain its principal and provide a return in line with the interest rates of money market instruments while maintaining an emphasis on liquidity and generating, to the extent possible, current income by investing in a diversified portfolio of high quality money market securities. The Fund will invest in a diversified range of securities, with remaining maturities of 2 years or less at the time of purchase, provided that the time remaining until the next interest rate reset date is less than or equal to 397 days. The Fund will invest in debt securities and debt instruments issued by local and national governments, supranational organisations, banks and other financial firms so long as they are considered to be high quality securities as determined by the Investment Manager. The Fund will invest at least two thirds of its portfolio in securities denominated in USD. Investment in non-Base Currency securities will be hedged to the Base Currency of the Fund. The Fund will invest in debt securities and debt instruments issued by local and national governments, supranational organisations, banks and other financial firms so long as they are considered to be high quality securities as determined by the Investment Manager. The Fund will invest at least two thirds of its portfolio in securities denominated in USD. Investment in non-Base Currency securities will be hedged to the Base Currency of the Fund. The Fund may utilise derivative instruments for hedging purposes only. The Fund has been authorised as a "Standard Money Market Fund" under Regulation 2017/1131 and has a variable NAV per share. The Fund will not invest more than one tenth of its assets in other collective investment schemes. The Fund will consider Environmental Social Governance (ESG) factors and as such will not invest in debt securities issued by companies that are, in the opinion of the Investment Manager, directly engaged and/or generating significant revenues from the following activities: production of, and/or involvement in controversial weapons (including nuclear weapons); production or sale of tobacco; extraction, production or generation of certain fossil fuels (including thermal coal, shale gas and oil, oil sands, and arctic oil and gas); production or sale of civilian firearms; and operation of private prisons. The Investment Manager may periodically update the types of activities that are excluded.

The investment objective of the US$ Standard VNAV Fund is to maintain its principal and provide a return in line with the interest rates of money market instruments while maintaining an emphasis on liquidity and generating, to the extent possible, current income by investing in a diversified portfolio of high quality money market securities. The Fund will invest in a diversified range of securities, with remaining maturities of 2 years or less at the time of purchase, provided that the time remaining until the next interest rate reset date is less than or equal to 397 days. The Fund will invest in debt securities and debt instruments issued by local and national governments, supranational organisations, banks and other financial firms so long as they are considered to be high quality securities as determined by the Investment Manager. The Fund will invest at least two thirds of its portfolio in securities denominated in USD. Investment in non-Base Currency securities will be hedged to the Base Currency of the Fund.