<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

India

Ireland

Colombia

Turkey

Peru

Nigeria

Macao

Chile

South Africa

United Kingdom

Guatemala

Indonesia

Uzbekistan

Zambia

Other countries

Unclassified

Bond - Corporate Bond

Interest Rate Swap

Bond - Treasury Future

Bond - Gov't Agency Debt

Bond - Gov't/Treasury

Credit Default Swap

Bond - Supranational

LCH IR USD D 7May25 FLT Receive (2025-05-07 Maturity)

2 Year Treasury Note Future June 25 (2025-06-30 Maturity)

GS USD Treasury Liq Res X Inc

CBOT/CBT 5-YR TNOTE 6/2025 (2025-06-30 Maturity)

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

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

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

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

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

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

Goldman Sachs Asset Management Fund Services Ltd