<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

Other Equity

Equity

TOPIX NR JPY

GS Japan EquityPtnrsOthCcyAccHKD H(Snap)

GS Japan Equity Ptnrs I Acc JPY (Snap)

2023

2022

2021

2020

2019

CashEquivalents

Japan

Unclassified

Technology

Industrials

Healthcare

Consumer Cyclical

Financial Services

Consumer Defensive

Communication Services

Basic Materials

Hitachi Ltd

Sony Group Corp

Tokio Marine Holdings Inc

Mitsubishi UFJ Financial Group Inc

Fast Retailing Co Ltd

Shin-Etsu Chemical Co Ltd

NEC Corp

Pan Pacific International Holdings Corp

Advantest Corp

Recruit Holdings Co Ltd

Goldman Sachs Asset Management Fund Services Ltd