<p><span style="font-size: 8pt;font-family: Arial;">The Fund seeks to achieve long-term capital appreciation (over 3-5 years) by investing primarily in equities of Japanese companies.</span></p>


Goldman Sachs Asset Management B.V.

Goldman Sachs Asset Management International

Japan Large-Cap Equity

Morningstar Japan TME NR JPY

Equity

TOPIX NR JPY

GS Japan Eq PtnrsOthCcyShrsAccUSD(Snap)

GS Japan Equity Ptnrs I Acc JPY (Snap)

2024

2023

2022

2021

2020

CashEquivalents

Japan

Unclassified

Technology

Healthcare

Financial Services

Industrials

Consumer Cyclical

Consumer Defensive

Communication Services

Basic Materials

Sony Group Corp

Mitsubishi UFJ Financial Group Inc

Hitachi Ltd

Tokio Marine Holdings Inc

NEC Corp

Fast Retailing Co Ltd

Pan Pacific International Holdings Corp

Shin-Etsu Chemical Co Ltd

Recruit Holdings Co Ltd

ASICS Corp

Goldman Sachs Asset Management Fund Services Ltd