Title: Key Investor Information

URL Source: https://docs.oppl.io/etf/IE000GZD8ME7_13-02-2026.pdf

Published Time: Thu, 11 Jun 2026 17:10:34 GMT

Number of Pages: 2

Markdown Content:
# Objectives and Investment Policy 

▪ The Sub -Fund seeks total returns consisting of income and capital 

appreciation by actively investing primarily in fixed income securities of 

emerging markets government, government -related and corporate issuers 

where issuers intend to make use of proceeds for green and/or social 

contributions. 

▪ The Sub -Fund promotes environmental and/or social characteristics and, 

while it does not have a sustainable investment objective, it will hold a 

minimum proportion of sustainable investments as further detailed in th e

pre contractual disclosure for the Sub -Fund contained within the 

Supplement. The Investment Manager implements a multi -faceted 

approach to the promotion of environmental, social and governance 

considerations in the Sub -Fund’s fundamental investment proce ss. 

▪ The Sub -Fund is actively managed and will, under normal circumstances, 

invest at least 80% of its net assets (excluding cash and cash equivalents) 

in emerging markets labelled bonds. Labelled bonds are fixed income 

securities where the use of proceeds is earmarked for funding projects that 

are categorised as green, social and/or sustainable. 

▪ The Sub -Fund may use derivatives for efficient portfolio management 

purposes, to help manage risks and for investment purposes in order to 

seek to increase return. A derivative instrument is a contract between two 

or more parties whose value depends on the rise and fall of the underlying 

asset. 

▪ The Sub -Fund is actively managed and references the J.P Morgan EM 

Credit Green, Social and Sustainability Bond Diversified Index (the 

“Benchmark”) as a performance comparator. 

▪ The Sub -Fund will seek to use the Benchmark as a performance 

comparator and aims to achieve a return in excess of the Benchmark in 

the long term, however, Sub -Fund positions may meaningfully differ 

relative to the performance Benchmark which may cause the return of the 

Sub -Fund to not exceed the return of the Benchmark or underperform the 

Benchmark. The Benchmark consists of labelled bonds issued by 

emerging markets governments or by companies with proceeds dedicated 

to green and/or social activities, asset s, projects or expenditure, and 

denominated in hard currencies (“Benchmark Securities”). The 

constituents of the Benchmark and geographical exposure of Benchmark 

Securities may be subject to change over time. 

▪ In normal circumstances, only authorised partic ipants (e.g. select financial 

institutions) may deal in shares (or interests in shares) directly with the 

Sub -Fund. Other investors can deal in shares (or interests in shares) daily 

through an intermediary on stock exchange(s) on which the shares are 

trade d. 

▪ Income (net of expenses) is distributed on a semi -annual basis. 

▪ The Sub -Fund currency is USD. The share class currency is EUR. 

▪ Investment in the Sub -Fund should not constitute a substantial proportion 

of an investment portfolio and may not be appropriat e for all investors. 

Please refer to the “Risk Information” section of the Prospectus for further 

information. 

▪ For full investment objective and policy details see the Supplement. 

# Risk and Reward Profile 

# 1 2 3 4 5 6 7

This risk profile is based on historical data and may not be a reliable 

indication of the future risk profile of the Sub -Fund. The risk category shown 

is not guaranteed and may change over time. The lowest category does not 

mean risk free. It is possible t hat a sub -fund stated to have a lower risk profile 

may in fact fall in value more than a sub -fund with a higher risk profile. 

The Sub -Fund is in category 4 as it mostly invests in fixed income securities 

which typically experience lower levels of price fluctuation than shares and 

similar instruments. 

The capital is not guaranteed. 

Other Material Risks: 

▪ Market risk - the value of assets in the Sub -Fund is typically dictated 

by a number of factors, including the confidence levels of the market in 

which they are traded. 

▪ Operational risk - material losses to the Sub -Fund may arise as a 

result of human error, system and/or process fail ures, inadequate 

procedures or controls. 

▪ Liquidity risk - the Sub -Fund may not always find another party willing 

to purchase an asset that the Sub -Fund wants to sell which could impact 

the Sub -Fund's ability to meet redemption requests on demand. 

▪ Custodian risk - insolvency, breaches of duty of care or misconduct of 

a custodian or sub -custodian responsible for the safekeeping of the 

Sub -Fund's assets can result in loss to the Sub -Fund. 

▪ Interest rate risk - when interest rates rise, bond prices fall, reflect ing 

the ability of investors to obtain a more attractive rate of interest on their 

money elsewhere. Bond prices are therefore subject to movements in 

interest rates which may move for a number of reasons, political as well 

as economic. 

▪ Credit risk - The fa ilure of a counterparty or an issuer of a financial 

asset held within the Sub -Fund to meet its payment obligations will have 

a negative impact on the Sub -Fund. 

▪ Derivatives risk - derivative instruments are highly sensitive to 

changes in the value of the underlying asset that they are based on. 

Certain derivatives may result in losses greater than the amount 

originally invested. 

▪ Exchange rate risk - changes in exchange rates may reduce or 

increase the returns an investor might expect to receive independent of 

the performance of such assets. If applicable, investment techniques 

used to attempt to reduce the risk of currency movements (hedging), 

may not be effective. Hedging also in volves additional risks associated 

with derivatives. 

▪ Counterparty risk - a party that the Sub -Fund transacts with may fail 

to meet its obligations which could cause losses. 

▪ High yield risk - high -yield instruments, meaning investments which 

pay a high amou nt of income generally involve greater credit risk and 

sensitivity to economic developments, giving rise to greater price 

movement than lower yielding instruments. 

▪ Emerging markets risk - emerging markets are likely to bear higher 

risk due to lower liquidi ty and possible lack of adequate financial, legal, 

social, political and economic structures, protection and stability as well 

as uncertain tax positions. 

▪ Sustainability risk - an environmental, social or governance event or 

condition that could cause the value of the Sub -Fund to go down. 

Examples of sustainability risks include physical environmental risks, 

climate change transition risks, supply chain disruptions, improper 

labour practices, lack of board diversity and corruption. 

▪ For more detailed informa tion on the risks associated with an 

investment in the Sub -Fund, please refer to the section in the 

Prospectus entitled “Risk Considerations” and discuss with your 

professional advisers. 

Lower risk Higher risk 

Potentially lower reward Potentially higher reward 

# Goldman Sachs Emerging Markets Green and Social Bond 

# Active UCITS ETF (the “Sub -Fund”) 

# Class EUR Hedged (Dist) 

# (ISIN: IE000GZD8ME7) 

# a sub -fund of Goldman Sachs ETF ICAV (the “Fund”) 

## The Sub -Fund is managed by Goldman Sachs Asset Management Fund 

## Services Limited (the “Manager”), part of the Goldman Sachs group of 

## companies. 

# Key Investor Information 

This document provides you with key investor 

information about this fund. It is not marketing material. 

The information is required by law to help you understand 

the nature and the risks of investing in this fund. You are 

advised to read it so you can make an informed decision 

about whether to invest. This Fund is authorised in Ireland and regulated by the Central Bank of Ireland. The Manager is authorised in Ireland and 

regulated by the Central Bank of Ireland. This key investor information is accurate as at 13/02/2026. 

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The charges you pay are used to pa y the cost of running the Sub -Fund, 

including the costs of marketing and distributing it. These charges reduce the 

potential growth of your investment. 

One -off charges taken before or after you invest 

Entry charge none* 

Exit charge none* 

This is the maximum that might be taken out of your money before it is 

invested / before the proceeds of your investment are paid out. 

Charges taken over a year 

Ongoing charges 0.55% 

Charges taken under certain specific conditions 

Performance fee none 

Where applicable, the entry and exit charges shown are maximum figures 

and in some cases you might pay less - please contact your professional 

advisers for more information. 

The ongoing charges figure is based on an estimate because there is no data 

availa ble for the previous year. The Fund's annual report for each financial 

year will include details of the exact charges made. This figure may vary from 

year to year. It excludes transaction costs (including taxes and brokerage 

commissions) and any borrowing costs, which are payable from the assets 

of the Sub -Fund and may impact returns on your investment, and 

performance fees (where applicable). 

*Not applicable to secondary market investors. Investors dealing on a stock 

exchange will pay fees charged by their stock brokers. Such charges are 

publicly available on exchanges on which the shares are listed and traded, 

or can be obtained from stock bro kers. 

*Authorised participants dealing directly with the Sub -Fund will pay related 

transaction costs. 

For more information about charges, please refer to the Fund's 

Prospectus, section entitled “Fees and Expenses” and the relevant 

supplement for the Sub -Fu nd. 

# Past Performance 

# ◼ Class EUR Hedged (Dist) (IE000GZD8ME7) 

# ◼ J.P Morgan - EM Credit Green, Social and Sustainability Bond 

Diversified Index (Eur Hedged)     

> 2021 2022 2023 2024 2025

The Sub -Fund was launched in June 2025. The share class was launched in 

June 2025. 

Please be aware that past performance is not indicative of future 

performance which may vary. 

# Practical Information 

Depositary: The Bank of New York Mellon SA/NV Dublin Branch 

Further Information: The Prospectus, annual and semi -annual reports and 

latest share price are available free of charge from the Fund's registered 

office, the Manager, administrator or the Sub -Fund's distributors. 

This document is for a single Sub -Fund of the Fund and the Pro spectus, 

annual and semi -annual reports are for the entire Fund. 

The Fund is an Irish collective asset -management vehicle with segregated 

liability between Sub -Funds under the laws of Ireland. Therefore, the assets 

of the Sub -Fund you have invested in will not be used to pay the liabilities of 

other Sub -Funds of the Fund. However, this has not been tested in other 

jurisdictions. 

Switching between Sub -Funds: Shares are available in other share 

classes and in other currencies as may be specified in the Prospe ctus. 

Shareholders may apply for their shares in any share class of any Sub -Fund 

to be converted into any share class of another Sub -Fund, subject to the 

conditions set out in the Prospectus (charges may apply). 

Liability Statement: The Manager may be held liable solely on the basis of 

any statement contained in this document that is misleading, inaccurate or 

inconsistent with the relevant parts of the Prospectus for the Fund. 

Tax Legislation: This Sub -Fund's investments may be subje ct to tax in the 

countries in which it invests. In addition, this Sub -Fund is subject to the tax 

law and regulation of Ireland which may have an impact on your personal tax 

position and impact your investment. For further details, please speak to your 

prof essional advisers. 

Remuneration Policy: Details of the up -to -date remuneration policy of the 

Manager, including, but not limited to, a description of how the remuneration 

and benefits are determined and governed by the Manager, are available at 

https://www .gsam.com/sm/remunerationpolicy and a paper copy is made 

available free of charge upon request. 

The Sub -Fund will publicly disclose its complete holdings on a daily basis. 

Details of the Sub -Fund's holdings and full disclosure policy are available at 

www.g sam.com. The indicative net asset values (iNAVs) are disseminated 

and are displayed on major market data vendor terminals, including 

Bloomberg, Reuters. 

# Charges