<p><span style="font-size: 8pt;font-family: Arial;">The Fund seeks long-term capital appreciation by investing primarily in the equity securities of Emerging Markets issuers.</span></p>


Goldman Sachs Asset Management B.V.

Goldman Sachs Asset Management International

Global Emerging Markets Equity

Morningstar EM TME NR USD

Equity

MSCI EM NR USD

GS Emerging Markets Eq Base Acc USD

GS Emerging Markets Eq Base Inc USD

2024

2023

2022

2021

2020

China

India

Taiwan

South Korea

Saudi Arabia

Brazil

Mexico

Indonesia

Greece

South Africa

United Arab Emirates

Philippines

Other countries

Unclassified

Technology

Financial Services

Consumer Cyclical

Communication Services

Healthcare

Consumer Defensive

Basic Materials

Industrials

Real Estate

Energy

Utilities

Taiwan Semiconductor Manufacturing Co Ltd

Tencent Holdings Ltd

Alibaba Group Holding Ltd Ordinary Shares

ICICI Bank Ltd

Meituan Class B

Samsung Electronics Co Ltd

Xiaomi Corp Class B

SK Hynix Inc

China Merchants Bank Co Ltd Class H

MediaTek Inc