<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

Brazil

Mexico

Turkey

Colombia

India

Ireland

Nigeria

Peru

Macao

Chile

South Africa

Indonesia

United Kingdom

Guatemala

Uzbekistan

Norway

Morocco

Kazakhstan

Paraguay

Israel

United Arab Emirates

Zambia

Argentina

Dominican Republic

Saudi Arabia

Ghana

Philippines

Netherlands

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 June 25 (2025-06-30 Maturity)

GS USD Treasury Liq Res X Inc

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

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

Seplat Energy PLC 9.125% (2030-03-21 Maturity)

US Treasury Bond Future June 25 (2025-06-18 Maturity)

DNO ASA 8.5% (2030-03-27 Maturity)

Transnet SOC Limited 8.25% (2028-02-06 Maturity)

Ultra US Treasury Bond Future June 25 (2025-06-18 Maturity)

Samarco Mineracao SA 0% (2031-06-30 Maturity)

Goldman Sachs Asset Management Fund Services Ltd