<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

United States

Mexico

Brazil

Colombia

Turkey

India

South Africa

Nigeria

Peru

Chile

Israel

Macao

United Arab Emirates

Uzbekistan

Guatemala

United Kingdom

Argentina

Indonesia

Saudi Arabia

Kazakhstan

Morocco

Paraguay

Hungary

Zambia

Dominican Republic

Czech Republic

Philippines

Norway

Netherlands

Romania

Other countries

Bond - Corporate Bond

Bond - Treasury Future

Bond - Capital Contingent Debt

Bond - Gov't/Treasury

Bond - Gov't Agency Debt

Bond - Short-term Government Bills

Credit Default Swap

Bond - Supranational

Bond - Sub-sovereign Government Debt

Muni Bond - Revenue

Muni Bond - General Obligation

Interest Rate Swap

2 Year Treasury Note Future Sept 25 (2025-09-30 Maturity)

CBOT/CBT 5-YR TNOTE 9/2025 (2025-09-30 Maturity)

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

US Treasury Bond Future Sept 25 (2025-09-19 Maturity)

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

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

Ultra US Treasury Bond Future Sept 25 (2025-09-19 Maturity)

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

Acu Petroleo Luxembourg S.a.r.l 7.5% (2035-07-13 Maturity)

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

Goldman Sachs Asset Management Fund Services Ltd