<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

Turkey

India

Peru

Chile

Macao

Nigeria

South Africa

United Kingdom

Indonesia

Ireland

Guatemala

Netherlands

Uzbekistan

Romania

Ghana

Kazakhstan

Dominican Republic

Paraguay

Israel

Philippines

United Arab Emirates

Saudi Arabia

Zambia

Malaysia

Morocco

Vietnam

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 Dec 24 (2024-12-31 Maturity)

5 Year Treasury Note Future Dec 24 (2024-12-31 Maturity)

GS USD Treasury Liq Res X Inc

Ultra US Treasury Bond Future Dec 24 (2024-12-19 Maturity)

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

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

US Treasury Bond Future Dec 24 (2024-12-19 Maturity)

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

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

Anadolu Efes Biracilik ve Malt Sanayii A.S. 3.375% (2028-06-29 Maturity)

Goldman Sachs Asset Management Fund Services Ltd