<p><span style="font-size: 8pt;font-family: Arial;">The Fund aims to provide income with some capital appreciation by investing primarily in investment and sub-investment grade corporate bonds issued by companies based in or earning most of their revenues from emerging markets. </span></p>


Goldman Sachs Asset Management B.V.

Goldman Sachs Asset Management International

Global Emerging Markets Corporate Bond

Morningstar EM Crp 10% CN Cap GR USD

Fixed Income

JPM CEMBI Broad Diversified TR USD

GS EM Corp Bd OC HKD Inc

GS EM Corp Bd Base Acc USD

2024

2023

2022

2021

2020

FixedIncome

CashEquivalents

United States

Mexico

Colombia

Brazil

India

Turkey

Ireland

Macao

Peru

Chile

Nigeria

Indonesia

United Kingdom

South Africa

Guatemala

Uzbekistan

Netherlands

Kazakhstan

Ghana

Paraguay

Israel

Philippines

Dominican Republic

Romania

Zambia

United Arab Emirates

Morocco

Saudi Arabia

Other countries

Unclassified

Bond - Corporate Bond

Bond - Treasury Future

Bond - Gov't Agency Debt

Bond - Gov't/Treasury

Credit Default Swap

Bond - Supranational

Interest Rate Swap

2 Year Treasury Note Future Mar 25 (2025-03-31 Maturity)

GS USD Treasury Liq Res X Inc

CBOT/CBT 5-YR TNOTE 3/2025 (2025-03-31 Maturity)

Banco de Bogota SA 6.25% (2026-05-12 Maturity)

Aeropuertos Dominicanos Siglo XXI SA 7% (2034-06-30 Maturity)

Seplat Energy PLC 7.75% (2026-04-01 Maturity)

US Treasury Bond Future Mar 25 (2025-03-20 Maturity)

ICE CD COLOM 20Dec29 Q O (2029-12-20 Maturity)

Mersin Uluslararasi Liman Isletmeciligi A.S. 8.25% (2028-11-15 Maturity)

Hunt Oil Co of Peru LLC, Sucursal del Peru 8.55% (2033-09-18 Maturity)

Goldman Sachs Asset Management Fund Services Ltd