Title: Key Investor Information

URL Source: https://docs.oppl.io/etf/IE000UZO4IC7_13-02-2026.pdf

Published Time: Thu, 11 Jun 2026 15:39:23 GMT

Number of Pages: 2

Markdown Content:
# Objectives and Investment Policy 

▪ The Sub -Fund seeks to achieve a long -term return by actively investing 

primarily in fixed income securities of emerging markets governments, 

government -related and corporate issuers. 

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

pa rt of its investment process, the Investment Manager will implement an 

ESG approach which consists of the application of minimum inclusion 

criteria based on proprietary ESG ratings. 

▪ The Sub -Fund will, under normal circumstances, invest at least two thirds 

of its net assets (excluding cash and cash equivalents) in fixed income 

transferable securities of emerging markets governments, government -

related and corporate issuers both investment and non -investment grade 

denominated in hard currencies such as USD, EUR, GBP and JPY. 

▪ 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 va lue depends on the rise and fall of the underlying 

asset. 

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

Global Index (Total Return Gross) (USD) (the “Benchmark”) as a

performance comparator. 

▪ The Investment Manager has full discretion over the composition of the 

assets in the Sub -Fund. While the Sub -Fund will generally hold assets that 

are components of the Benchmark, it can invest in such components in 

different proportions, and it can hold as sets which are not components of 

the Benchmark. Therefore, returns may deviate materially from the 

performance of the specified reference Benchmark and this includes 

where the return of the Sub -Fund may not exceed the return of the 

Benchmark or underperfor m the Benchmark. 

▪ In normal circumstances, only authorised participants (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 a n intermediary on stock exchange(s) on which the shares are 

traded. 

▪ 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 h edging which involves 

additional risks and there is no assurance or guarantee that such hedging 

will be successful. 

▪ Income is rolled up into the value of your investment. 

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

▪ For full investment ob jective and policy details see the Prospectus. 

# 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 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 failures, 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 d emand. 

▪ 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 pric es fall, reflecting 

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. 

▪ Cred it risk - The failure 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 - certain derivatives may result in losses greater than 

the amo unt originally invested. 

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

to meet its obligations which could cause losses. 

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

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

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

as uncertain tax positions. 

▪ High yield risk - high -yield i nstruments, meaning investments which 

pay a high amount of income generally involve greater credit risk and 

sensitivity to economic developments, giving rise to greater price 

movement than lower yielding instruments. 

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

condition that could cause the value of the portfolio to go down. 

Examples of sustainability risks include physical environmental risks, 

climate change transition risks, supply chain disruptions, improper 

labour practices, la ck of board diversity and corruption. 

▪ For more detailed information 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 Hard Currency Bond 

# Active UCITS ETF (the “Sub -Fund”) 

# Class EUR Hedged (Acc) 

# (ISIN: IE000UZO4IC7) 

# 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 pay 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 af ter you invest 

Entry charge 0.00% 

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 0.45% 

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 ongoin g charges figure is based on an estimate because there is no data 

available 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 transact ion 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 investo rs. 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 brokers. 

*Authorised participants dealing dire ctly 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. 

# Pas t Performance 

# ◼ Class EUR Hedged (Acc) (IE000UZO4IC7) 

# ◼ J.P. Morgan EMBI Global Index     

> 2021 2022 2023 2024 2025

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

launched in November 2025. 

Please be aware that past performance is not indicative of future 

performance which may vary. 

# Practical Information 

Deposita ry: 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 dist ributors. 

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

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 Irish law. T herefore, the assets of the Sub -

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

Funds. 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 Prospectus. 

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 ap ply). 

Liability Statement: The Fund 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 i nvestments may be subject 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, pl ease speak to your 

professional 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 p aper 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.gsam.com. The indicative net asset value s (iNAVs) are disseminated 

and are displayed on major market data vendor terminals, including 

Bloomberg, Reuters. 

# Charges