<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)

2023

2022

2021

2020

2019

CashEquivalents

Japan

Unclassified

Technology

Consumer Cyclical

Industrials

Financial Services

Healthcare

Consumer Defensive

Communication Services

Basic Materials

Hitachi Ltd

Sony Group Corp

Tokio Marine Holdings Inc

Shin-Etsu Chemical Co Ltd

Fast Retailing Co Ltd

NEC Corp

Mitsubishi UFJ Financial Group Inc

Capcom Co Ltd

Nitori Holdings Co Ltd

Pan Pacific International Holdings Corp

Goldman Sachs Asset Management Fund Services Ltd