Goldman Sachs ActiveBeta® Paris-Aligned Sustainable Key Investor Information US Large Cap Equity UCITS ETF (the “Sub-Fund”) This document provides you with key investor information about this fund. It is not marketing material. The information CLASS USD (Acc.)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: IE00BJ5CNR11)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 capital growthmanage risks. A derivative instrument is a contract between two or more over the longer term and aims to achieve investment results that closely parties whose value depends on the rise and fall of other underlying assets. correspond, before fees and expenses, to the performance of the Goldman1 Shares in the Sub-Fund may be redeemed daily on demand. Sachs ActiveBeta® Paris-Aligned Sustainable U.S. Large Cap Equity Index Net Total Return (the “Index”). 1 Income is rolled up into the value of your investment. 1 The Sub-Fund seeks to achieve its sustainable investment objective by 1 The Sub-Fund currency is USD. The share class currency is USD. tracking the performance of the Index. The Sub-Fund aims to achieve a 1 In normal circumstances, only authorised participants (e.g. select financial reduction in greenhouse gas (“GHG”) emissions which align with the long- institutions) may deal in shares (or interests in shares) directly with the term decarbonisation objectives and global warming target of the Paris Sub-Fund. Other investors can deal in shares (or interests in shares) daily Climate Agreement and the Index has been designed for this purpose. through an intermediary on stock exchange(s) on which the shares are 1 The Index is designed to deliver exposure to equity securities of large traded. capitalisation US issuers. The Index is constructed using the patented 1 For full investment objective and policy details see the Prospectus. ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the “factors” (or characteristics) that are commonly tied to a stock's outperformance relative to market returns. Goldman Sachs may act in several roles in relation to the Index and the services provided to the Sub-Fund which may give rise to potential conflicts of interest. 1 The Index aims to meet the minimum requirements to be an “EU Paris- Aligned Benchmark” as defined by the European Commission Delegated Regulation C(2020)4757. 1 The Sub-Fund aims to replicate the index by holding all of its securities in a similar proportion to their weightings in the Index. These securities are stocks of companies with large market capitalisation in the US. 1 The Sub-Fund may invest up to 10% of its assets in cash for liquidity purposes. The Sub-Fund may also use derivative instruments to help Risk and Reward Profile Lower risk Higher risk1 Derivatives risk - derivative instruments are highly sensitive to changes Potentially lower reward Potentially higher reward in the value of the underlying asset that they are based on. Certainderivatives may result in losses greater than the amount originallyinvested. 1 2 3 4 5 6 71 Counterparty risk - a party that the Sub-Fund transacts with may fail tomeet its obligations which could cause losses. This risk profile is based on historical data and may not be a reliable indication 1 Sustainability risk - an environmental, social or governance event or of the future risk profile of the Sub-Fund. The risk category shown is not condition that could cause the value of the portfolio to go down. Examples guaranteed and may change over time. The lowest category does not mean of sustainability risks include physical environmental risks, climate change risk free. It is possible that a sub-fund stated to have a lower risk profile may transition risks, supply chain disruptions, improper labour practices, lack in fact fall in value more than a sub-fund with a higher risk profile. of board diversity and corruption. The Sub-Fund is in category 6 as it mostly invests in shares and similar 1 Index tracking error risk - the performance of the Sub-Fund may not instruments which typically experience higher levels of price fluctuations generally follow and may be very different from the performance of the than fixed income securities. Index. The anticipated tracking error has been calculated using historicaldata and therefore may not capture all factors that will impact a Sub-Fund's The capital is not guaranteed. actual performance against its reference index. Other Material Risks:1 Equity Securities Risk - The value of equity securities varies in responseto many factors, including those specific to an issuer or industry. The value 1 Market risk - the value of assets in the Sub-Fund is typically dictated by of an issuer's stock can also be adversely affected by changes in financial a number of factors, including the confidence levels of the market in which markets generally. In addition, certain options and other equity-related they are traded. instruments may be subject to additional risks, including liquidity risk, 1 Operational risk - material losses to the Sub-Fund may arise as a result counterparty credit risk, legal risk and operations risk. of human error, system and/or process failures, inadequate procedures 1 For more detailed information on the risks associated with an or controls. investment in the Sub-Fund, please refer to the section in the 1 Liquidity risk - the Sub-Fund may not always find another party willing Prospectus entitled “Risk Considerations” and discuss with your to purchase an asset that the Sub-Fund wants to sell which could impact professional advisers. the Sub-Fund's ability to meet redemption requests on demand. 1 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. Hedging of this risk may not be fully effective and may increase other risks (e.g. derivative risk). 1 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. 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 expenses for the year ending December 2023. This figure may vary from year to year. It excludes Entry charge none*transaction costs (including taxes and brokerage commissions) and any Exit chargenone*borrowing costs, which are payable from the assets of the Portfolio and may impact returns on your investment, and performance fees (where This is the maximum that might be taken out of your money before it is invested / applicable). before the proceeds of your investment are paid out. Charges taken over a year *Not applicable to secondary market investors. Investors dealing on a stock exchange will pay fees charged by their stock brokers. Such charges are Ongoing charges 0.14% publicly available on exchanges on which the shares are listed and traded, Charges taken under certain specific conditions 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 (Acc.) (IE00BJ5CNR11) The Sub-Fund was launched in September 2019. The share class Goldman Sachs ActiveBeta® Paris-Aligned Sustainable U.S. Large was launched in September 2019. Cap Equity Index 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 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. % 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 The Index is calculated and published by Solactive AG. The Sub-Fund is and benefits are determined and governed by the Manager, are available not sponsored, endorsed, promoted or sold by Solactive in any way and at https://www.gsam.com/sm/remunerationpolicy and a paper copy is made Solactive makes no express or implied representation, guarantee or available free of charge upon request. assurance with regard to: (a) the advisability in investing in the financialThe Sub-Fund will publicly disclose its complete holdings on a daily basis. instruments; (b) the quality, accuracy and/or completeness of the Index; and/ Details of the Sub-Fund's holdings and full disclosure policy are available or (c) the results obtained or to be obtained by any person or entity from the at www.gsam.com. The indicative net asset values (iNAVs) are disseminated use of the Index. and are displayed on major market data vendor terminals, including Switching between Sub-Funds: Shares are available in other shareBloomberg, Reuters. 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 apply). 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 10/09/2024.