Goldman Sachs Global Green Bond UCITS ETF (the “Sub- Key Investor Information Fund”) This document provides you with key investor information about this fund. It is not marketing material. The information CLASS USD-HEDGED (Dist) is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it (ISIN: IE000REVDBO3) so you can make an informed decision about 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 1 The Sub-Fund is passively managed and seeks to provide investment 1 The Sub-Fund may invest up to 10% of its assets in cash for liquidity results that closely correspond, before fees and expenses to the purposes and/or derivatives for currency hedging. A derivative instrument performance of the Solactive Global Green Bond Select Index (the is a contract between two or more parties whose value depends on the “Index”).rise and fall of other underlying assets. 1 The Index is designed to measure the performance of global investment 1 Income (net of expenses) is distributed on a semi-annual basis. grade, fixed rate green bonds mainly issued across global markets by 1 The Sub-Fund currency is EUR. The share class currency is USD. supra-nationals, sub-sovereigns, agencies and corporates pursuing policies of sustainable development while observing environmental, social 1 In normal circumstances, only authorised participants (e.g. select financial and governance principles. Green bonds are fixed income securities institutions) may deal in shares (or interests in shares) directly with the whose proceeds are used to finance climate and environmental projectsSub-Fund. Other investors can deal in shares (or interests in shares) daily contributing to positive benefits to the environment.through an intermediary on stock exchange(s) on which the shares aretraded. 1 The Sub-Fund aims to contribute to creating a more sustainable future by investing in green bonds and seeks to achieve its sustainable investment 1 For full investment objective and policy details see the Prospectus. objective by tracking the performance of the Index. 1 The Sub-Fund invests in a representative sample of constituent securities that has a collective investment profile similar to that of the Index. The securities selected for investment by the Sub-Fund are expected to have, in the aggregate, investment characteristics, fundamental characteristics and liquidity measures similar to those of the Index. The Sub-Fund may or may not hold all of the securities in the Index. 1 The Share Class seeks to hedge the base currency exposure of the Sub- Fund to the Share Class currency. You should be aware that a variety of techniques may be used to effect the currency hedging which involves additional risks and there is no assurance or guarantee that such hedging will be successful. Risk and Reward Profile Lower risk Higher risk held within the Sub-Fund to meet its payment obligations will have anegative impact on the Sub-Fund. Potentially lower reward Potentially higher reward 1 Derivatives risk - derivative instruments are highly sensitive to changesin the value of the underlying asset that they are based on. Certain 1 2 3 4 5 6 7 derivatives may result in losses greater than the amount originallyinvested. 1 Counterparty risk - a party that the Sub-Fund transacts with may fail to This risk profile is based on historical data and may not be a reliable indication meet its obligations which could cause losses. 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 1 Sustainability risk - an environmental, social or governance event or risk free. It is possible that a sub-fund stated to have a lower risk profile may condition that could cause the value of the portfolio to go down. Examples in fact fall in value more than a sub-fund with a higher risk profile. of sustainability risks include physical environmental risks, climate changetransition risks, supply chain disruptions, improper labour practices, lack The Sub-Fund is in category 4 as it mostly invests in fixed income securities of board diversity and corruption. which typically experience lower levels of price fluctuation than shares and similar instruments. 1 Index tracking error risk - the performance of the Sub-Fund may notgenerally follow and may be very different from the performance of the The capital is not guaranteed. Index. The anticipated tracking error has been calculated using historical Other Material Risks: data and therefore may not capture all factors that will impact a Sub-Fund'sactual performance against its reference index. 1 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 which1 Fixed-Income Securities Risk - Investment by the Sub-Fund in these they are traded. securities exposes it to the risk of the issuer's or a guarantor's inability tomeet principal and interest payments on its obligations (i.e., credit risk). 1 Operational risk - material losses to the Sub-Fund may arise as a result These securities may also be subject to price volatility due to factors such of human error, system and/or process failures, inadequate proceduresas interest rate sensitivity, market perception of the creditworthiness of or controls. the issuer, and general market liquidity (i.e., market risk). A Sub-Fund's 1 Liquidity risk - the Sub-Fund may not always find another party willing investments in these securities may be subject to early redemption to purchase an asset that the Sub-Fund wants to sell which could impact features which may have a material adverse effect on the Sub-Fund's the Sub-Fund's ability to meet redemption requests on demand.investment objective and the profits on invested capital. 1 Exchange rate risk - changes in exchange rates may reduce or increase 1 Sampling Risk - The use of a representative sampling approach will result the returns an investor might expect to receive independent of the in the Sub-Fund holding a smaller number of securities than are in the performance of such assets. Hedging of this risk may not be fully effective Index. As a result, an adverse development with respect to a security held and may increase other risks (e.g. derivative risk). by the Sub-Fund could result in a greater decline in Net Asset Value thanwould be the case if the Sub-Fund held all of the securities in the respective 1 Custodian risk - insolvency, breaches of duty of care or misconduct of a Index. custodian or sub-custodian responsible for the safekeeping of the Sub- Fund's assets can result in loss to the Sub-Fund. 1 For more detailed information on the risks associated with aninvestment in the Sub-Fund, please refer to the section in the 1 Interest rate risk - when interest rates rise, bond prices fall, reflecting the Prospectus entitled “Risk Considerations” and discuss with your ability of investors to obtain a more attractive rate of interest on their money professional advisers. elsewhere. Bond prices are therefore subject to movements in interest rates which may move for a number of reasons, political as well as economic. 1 Credit risk - The failure of a counterparty or an issuer of a financial asset 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 and in some cases you might pay less - please contact your professional the potential growth of your investment.advisers for more information. One-off charges taken before or after you investThe ongoing charges figure is based on an estimate because there is no data available for the previous year. The Fund's annual report for each Entry chargenone* financial year will include details of the exact charges made. This figure may Exit charge none* vary from year to year. It excludes transaction costs (including taxes and brokerage commissions) and any borrowing costs, which are payable from This is the maximum that might be taken out of your money before it is invested / the assets of the Sub-Fund and may impact returns on your investment, and before the proceeds of your investment are paid out.performance fees (where applicable). Charges taken over a year *Not applicable to secondary market investors. Investors dealing on a stock Ongoing charges 0.22% exchange will pay fees charged by their stock brokers. Such charges are Charges taken under certain specific conditions publicly available on exchanges on which the shares are listed and traded, or can be obtained from stock brokers. Performance fee none *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-Fund. Past Performance CLASS USD-HEDGED (Dist) (IE000REVDBO3) The Sub-Fund was launched in January 2024. The share class was Solactive Global Green Bond Select Indexlaunched in January 2024.Please be aware that past performance is not indicative of future performance which may vary.There is insufficient data to provide a useful indication of past performance. % Practical Information Depositary: The Bank of New York Mellon SA/NV Dublin Branch Liability Statement: The Fund may be held liable solely on the basis of any Further Information: The Prospectus, annual and semi-annual reports and statement contained in this document that is misleading, inaccurate or latest share price are available free of charge from the Fund's registered inconsistent with the relevant parts of the Prospectus for the Fund. office, the Manager, administrator or the Sub-Fund's distributors. Tax Legislation: This Sub-Fund's investments may be subject to tax in the This document is for a single Sub-Fund of the Fund and the Prospectus, countries in which it invests. In addition, this Sub-Fund is subject to the tax annual and semi-annual reports are for the entire Fund. law and regulation of Ireland which may have an impact on your personal tax position and impact your investment. For further details, please speak The Fund is an Irish collective asset-management vehicle with segregatedto your professional advisers. liability between Sub-Funds under Irish law. Therefore, the assets of the Sub-Fund you have invested in will not be used to pay the liabilities of other Remuneration Policy: Details of the up-to-date remuneration policy of the Sub-Funds. However, this has not been tested in other jurisdictions.Manager, including, but not limited to, a description of how the remuneration and benefits are determined and governed by the Manager, are available Switching between Sub-Funds: Shares are available in other shareat https://www.gsam.com/sm/remunerationpolicy and a paper copy is made classes and in other currencies as may be specified in the Prospectus. available free of charge upon request. 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 theThe Sub-Fund will publicly disclose its complete holdings on a daily basis. conditions set out in the Prospectus (charges may apply). Details of the Sub-Fund's holdings and full disclosure policy are available at www.gsam.com. The indicative net asset values (iNAVs) are disseminated and are displayed on major market data vendor terminals, including Bloomberg, Reuters. 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 15/01/2024.