Goldman Sachs Paris-Aligned Climate World Equity UCITS Key Investor Information ETF (the “Sub-Fund”) This document provides you with key investorinformation about this fund. It is not marketing material. CLASS USD (Acc) The information is required by law to help you understandthe nature and the risks of investing in this fund. You are (ISIN: IE000HPBRE54) advised to read it so you can make an informed decisionabout whether to invest. 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. Objectives and Investment Policy ▪ The Sub-Fund is passively managed and seeks to provide capital growthsignificant negative impact on the United Nations Sustainable over the longer term and aims to achieve investment results that closely Development Goals and United Nations Global Compact Principles. correspond, before fees and expenses, to the performance of the Solactive ▪ The Sub-Fund aims to replicate the index by holding all of its securities in ISS ESG Developed Markets Paris-Aligned Benchmark USD Index NTR a similar proportion to their weightings in the Index. (the “Index”). ▪ The Sub-Fund may use derivatives for efficient portfolio management ▪ The Fund promotes environmental and/or social characteristics and, while purposes, to help manage risks and for investment purposes in order to it does not have a sustainable investment objective, it will hold a minimum seek to increase return. A derivative instrument is a contract between two proportion of sustainable investments as further detailed in the pre or more parties whose value depends on the rise and fall of other contractual disclosure for the Fund contained within the Prospectus. underlying assets. ▪ The Index is designed to deliver exposure to a sub-set of equity securities▪ The Sub-Fund will not invest more than one-tenth of its assets in other issued by developed market companies within the Solactive GBScollective investment schemes. Developed Markets Large & Mid Cap Index PR (the “Parent Index”), which ▪ Shares in the Sub-Fund may be redeemed daily on demand. are selected and weighted in such a manner that the resulting Index portfolio's Green House Gas emissions are aligned with the long-term ▪ Income is rolled up into the value of your investment. global warming target of the Paris Climate Agreement, including only companies operating in accordance with market standards for responsible▪ The Sub-Fund currency is USD. The share class currency is USD. business conduct. Those standards are based on established norms such ▪ In normal circumstances, only authorised participants (e.g. select financial as the United Nations Global Compact and the OECD Guidelines for institutions) may deal in shares (or interests in shares) directly with the Multinational Enterprises and the exclusion of significant involvement inSub-Fund. Other investors can deal in shares (or interests in shares) daily defined sectors such as controversial weapons. In addition, the Indexthrough an intermediary on stock exchange(s) on which the shares are excludes companies that generate revenues from certain activities such traded. as tobacco, coal, and fossil fuels. ▪ For full investment objective and policy details see the Prospectus. ▪ The Index seeks to exclude companies that are generating significant revenues from business practices linked to: coal mining and power generation, fossil fuel production, exploration, distribution, and services, electric power generation from fossil fuel sources as well as those with a Risk and Reward Profile Lower risk Higher risk ▪Custodian risk - insolvency, breaches of duty of care or misconduct of a custodian or sub-custodian responsible for the safekeeping of the Potentially lower reward Potentially higher rewardSub-Fund's assets can result in loss to the Sub-Fund. ▪Derivatives risk - derivative instruments are highly sensitive to 1 2 3 4 5 6 7 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. This risk profile is based on historical data and may not be a reliable ▪Counterparty risk - a party that the Sub-Fund transacts with may fail indication of the future risk profile of the Sub-Fund. The risk category shownto meet its obligations which could cause losses. is not guaranteed and may change over time. The lowest category does not mean risk free. It is possible that a sub-fund stated to have a lower risk profile ▪Sustainability risk - an environmental, social or governance event or may in fact fall in value more than a sub-fund with a higher risk profile.condition that could cause the value of the portfolio to go down. Examples of sustainability risks include physical environmental risks, The Sub-Fund is in category 6 as it mostly invests in shares and similar climate change transition risks, supply chain disruptions, improper instruments which typically experience higher levels of price fluctuations than labour practices, lack of board diversity and corruption. fixed income securities. ▪Index tracking error risk - the performance of the Sub-Fund may not The capital is not guaranteed.generally follow and may be very different from the performance of the Other Material Risks: Index. The anticipated tracking error has been calculated using historical data and therefore may not capture all factors that will impact ▪ Market risk - the value of assets in the Sub-Fund is typically dictateda Sub-Fund's actual performance against its reference index.by a number of factors, including the confidence levels of the market inwhich they are traded.▪Equity Securities Risk - The value of equity securities varies in response to many factors, including those specific to an issuer or ▪ Operational risk - material losses to the Sub-Fund may arise as a industry. The value of an issuer's stock can also be adversely affectedresult of human error, system and/or process failures, inadequate by changes in financial markets generally. In addition, certain optionsprocedures or controls.and other equity-related instruments may be subject to additional risks, ▪ Liquidity risk - the Sub-Fund may not always find another party willingincluding liquidity risk, counterparty credit risk, legal risk and operationsto purchase an asset that the Sub-Fund wants to sell which could impactrisk.the Sub-Fund's ability to meet redemption requests on demand. ▪For more detailed information on the risks associated with an ▪ Exchange rate risk - changes in exchange rates may reduce or investment in the Sub-Fund, please refer to the section in theincrease the returns an investor might expect to receive independent ofProspectus entitled “Risk Considerations” and discuss with yourthe performance of such assets. Hedging of this risk may not be fully professional advisers.effective and may increase other risks (e.g. derivative risk). Charges The charges you pay are used to pay the cost of running the Sub-Fund, Where applicable, the entry and exit charges shown are maximum figures including the costs of marketing and distributing it. These charges reduce the and in some cases you might pay less - please contact your professional potential growth of your investment.advisers for more information. One-off charges taken before or after you investThe ongoing charges figure is based on expenses for the year ending December 2024. This figure may vary from year to year. It excludes Entry charge none* transaction costs (including taxes and brokerage commissions) and any borrowing costs, which are payable from the assets of the Portfolio and may Exit charge none* impact returns on your investment, and performance fees (where applicable). This is the maximum that might be taken out of your money before it is *Not applicable to secondary market investors. Investors dealing on a stock invested / before the proceeds of your investment are paid out. exchange will pay fees charged by their stock brokers. Such charges are Charges taken over a year publicly available on exchanges on which the shares are listed and traded, or can be obtained from stock brokers. Ongoing charges 0.24% *Authorised participants dealing directly with the Sub-Fund will pay related Charges taken under certain specific conditions transaction costs. Performance fee none For more information about charges, please refer to the Fund's Prospectus, section entitled “Fees and Expenses” and the relevant supplement for the Sub-Fund. Past Performance CLASS USD (Acc) (IE000HPBRE54)The Sub-Fund was launched in October 2022. The share class was launched Solactive ISS ESG Developed Markets Paris-Aligned Benchmark in October 2022. USD Index NTR Where applicable, past performance has been calculated in USD and is expressed as a percentage change of the Sub-Fund''s Net Asset Value at each year end (net of all fees). Where past performance is not shown there 25 is insufficient data to provide a useful indication of past performance. Please be aware that past performance is not indicative of future performance which may vary. 20 15 % 10 5 0 2020 2021 2022 2023 2024 22.9 14.3 23.1 14.3Practical Information Depositary: The Bank of New York Mellon SA/NV Dublin Branch to be converted into any share class of another Sub-Fund, subject to the Further Information: The Prospectus, annual and semi-annual reports and conditions set out in the Prospectus (charges may apply). latest share price are available free of charge from the Fund's registered Liability Statement: The Fund may be held liable solely on the basis of any office, the Manager, administrator or the Sub-Fund's distributors. statement contained in this document that is misleading, inaccurate or This document is for a single Sub-Fund of the Fund and the Prospectus, inconsistent with the relevant parts of the Prospectus for the Fund. annual and semi-annual reports are for the entire Fund. Tax Legislation: This Sub-Fund's investments may be subject to tax in the The Fund is an Irish collective asset-management vehicle with segregatedcountries in which it invests. In addition, this Sub-Fund is subject to the tax liability between Sub-Funds under Irish law. Therefore, the assets of the Sub- law and regulation of Ireland which may have an impact on your personal tax Fund you have invested in will not be used to pay the liabilities of other Sub- position and impact your investment. For further details, please speak to your Funds. However, this has not been tested in other jurisdictions.professional advisers. Remuneration Policy: Details of the up-to-date remuneration policy of the The Index is calculated and published by Solactive AG. The Sub-Fund is not Manager, including, but not limited to, a description of how the remuneration sponsored, endorsed, promoted or sold by Solactive in any way and and benefits are determined and governed by the Manager, are available at Solactive makes no express or implied representation, guarantee or https://www.gsam.com/sm/remunerationpolicy and a paper copy is made assurance with regard to: (a) the advisability in investing in the financialavailable free of charge upon request. instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from The Sub-Fund will publicly disclose its complete holdings on a daily basis. the use of the Index. Details of the Sub-Fund's holdings and full disclosure policy are available at Switching between Sub-Funds: Shares are available in other sharewww.gsam.com. The indicative net asset values (iNAVs) are disseminated and are displayed on major market data vendor terminals, including classes and in other currencies as may be specified in the Prospectus. Bloomberg, Reuters. Shareholders may apply for their shares in any share class of any Sub-Fund 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 07/02/2025.