Obbligazione GOLDMAN SACHS SICAV FUNDS 0% ( LU0234684172 ) in EUR

Emittente GOLDMAN SACHS SICAV FUNDS
Prezzo di mercato 100 EUR  ▲ 
Paese  Lussemburgo
Codice isin  LU0234684172 ( in EUR )
Tasso d'interesse 0%
Scadenza 04/04/2011 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione GOLDMAN SACHS FUNDS SICAV LU0234684172 in EUR 0%, scaduta


Importo minimo /
Importo totale /
Descrizione dettagliata Goldman Sachs Funds SICAV è una società di investimento a capitale variabile lussemburghese che offre una gamma di fondi comuni di investimento in diverse classi di attività.

Un'analisi dettagliata di uno specifico strumento obbligazionario rivela che l'obbligazione di tipo **Zero-Coupon**, identificata dal codice ISIN **LU0234684172**, emessa da **GOLDMAN SACHS FUNDS SICAV** con paese di emissione il Lussemburgo, è giunta a scadenza e ha completato il suo ciclo di vita finanziario. GOLDMAN SACHS FUNDS SICAV, l'emittente di questo titolo, è una Società d'Investimento a Capitale Variabile (SICAV), una struttura di fondi d'investimento molto comune in Europa, gestita da una delle più influenti e prestigiose istituzioni finanziarie globali, Goldman Sachs. Quest'ultima è rinomata per la sua vasta esperienza nel settore bancario d'investimento, nella gestione patrimoniale e nel trading di titoli a livello mondiale, conferendo all'obbligazione in questione una controparte di elevato standing. Il titolo, denominato in Euro (EUR), presentava un tasso d'interesse pari a zero, rendendolo un'obbligazione che non prevedeva pagamenti di cedole periodiche; nonostante una frequenza di pagamento nominale pari a 1, l'assenza di un tasso cedolare implicava il rimborso integrale del capitale a scadenza come unica forma di rendimento per l'investitore, tipico dei titoli zero-coupon. La sua data di scadenza, fissata per il **04/04/2011**, è stata pienamente onorata, con il rimborso avvenuto al **100%** del valore nominale, corrispondente al prezzo attuale di mercato, confermando il regolare adempimento degli impegni da parte dell'emittente al momento della maturità.







VISA 2023/174530-1204-0-PC
L'apposition du visa ne peut en aucun cas servir

d'argument de publicité
Luxembourg, le 2023-10-31
Commission de Surveillance du Secteur Financier
Prospectus










Goldman Sachs Funds SICAV
An undertaking for collective investment organised under the laws of the Grand Duchy of Luxembourg organised as
a société d'investissement à capital variable (S.I.C.A.V.)



November 2023






This Prospectus is only valid if accompanied by the relevant Supplement(s) referable to the Portfolio in which an
investment is to be made. As at the date of this Prospectus there are five Supplements (Supplements I ­ V) which
are dated November 2023.

November 2023




Goldman Sachs Asset Management


Goldman Sachs Funds SICAV
Important Information
About this Prospectus ­ The Prospectus provides information about the Fund and the Portfolios and contains
information which prospective investors ought to know before investing in the Fund and should therefore be retained
for future reference. Prospective investors are required as part of the Original Account Agreement to confirm they
have read and understood the Prospectus. Further copies of the Prospectus may be obtained from the Fund or from
the Management Company, at their respective addresses which are set out in the "Directory" of the Prospectus.
Copies of the most recent annual report and any subsequent semi-annual report of the Fund are available free of
charge on request.
The Fund is offering Shares of its Portfolios on the basis of the information contained in the Prospectus and
in the documents referred to herein. No person has been authorised to give any information or to make any
representation other than those contained in the Prospectus, and, if given or made, such information or
representation must not be relied upon as having been authorised. Neither the delivery of the Prospectus
nor any sale made hereunder shall, under any circumstances, create any implication that the information
contained herein is correct as of any time subsequent to the date of the Prospectus or that there will be no
change in the affairs of the Fund after such date.
The Board of Directors has taken reasonable care to ensure that the facts stated herein are true and accurate in all
material respects and that there are no other material facts the omission of which makes any statement contained
herein misleading. The Board of Directors accepts responsibility accordingly. Statements made in this Prospectus
are, except where otherwise stated, based on the law and practice currently in force in Luxembourg and are subject
to changes therein. The Prospectus may be translated into other languages provided that such translation shall be a
direct translation of the English text and in the event of a dispute, the English language version shall prevail. All
disputes as to the terms thereof shall be governed by, and construed in accordance with, the law of the Grand Duchy
of Luxembourg.
This information must not be construed as investment or tax advice. Prospective investors should consult their
financial and tax adviser before investing in order to determine whether an investment would be suitable for them.
About the Fund ­ The Fund is an umbrella structure enabling investors to choose between one or more investment
objectives by investing in one or more separate Portfolios offered by the Fund. As of the date of the Prospectus, the
Fund is offering Shares in the Portfolios described in the most recent Supplements in force at the date of the
Prospectus. The Board of Directors may from time to time decide to offer additional separate investment Portfolios
and/or additional Share Classes in any existing Portfolio. In such an event, the Prospectus will be updated and
amended so as to include detailed information on the new Portfolios and/or Share Classes, and/or a separate
supplement or Addendum with respect to such Portfolios and/or Share Classes will be prepared and distributed. The
updated and amended prospectus and/or new separate supplement or Addendum will not be circulated to existing
Shareholders except in connection with their subscription for Shares of such Portfolios.
The Fund represents and warrants on a continuing basis that the Fund is the sole legal owner of all its assets, and
that no restrictions exist on the transfer, sale or other disposition of any of those assets and that no option, lien,
charge, security interest or encumbrance exists or will exist, due to any act or omission of the Fund, other than may
normally be found in the custody arrangements between a Depositary and the Fund or as may be permitted under
or contemplated by the Fund documentation.
Information for Investors ­ Prospective investors should conduct an independent investigation and analysis as
they deem appropriate to evaluate the merits and risks of an investment in the Portfolios. A loss of capital may occur.
An investor should only invest if it has the necessary financial resources to bear a complete loss of this investment.
Investors may, subject to applicable law, invest in any Portfolio offered by the Fund. Investors should choose the
Portfolio that best suits their specific risk and return expectations as well as their diversification needs and are
encouraged to seek independent advice in that regard. A separate pool of assets will be maintained for each Portfolio
and will be invested in accordance with the investment policy applicable to the relevant Portfolio in seeking to achieve
its investment objective. The net asset value and the performance of the Shares of the different Portfolios and Share
Classes thereof are expected to differ. It should be remembered that the price of Shares and the income (if any) from
them may fall as well as rise and there is no guarantee or assurance that the stated investment objective of a Portfolio
will be achieved.
November 2023
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Goldman Sachs Funds SICAV
Shareholders Rights ­ The Fund draws the investors' attention to the fact that any investor wil only be able to ful y
exercise its investor rights directly against the Fund, if the investor is registered itself and in its own name in the
Shareholders' register. In cases where an investor invests in the Fund through an intermediary investing into the
Fund in its own name but on behalf of the investor, it may not always be possible for the investor to exercise certain
Shareholders' rights directly against the Fund. Investors are advised to take advice on their rights.
Investment in a Pooled Vehicle ­ The Fund is an umbrella structure and each of its Portfolios is a pooled investment
vehicle. Investment in an umbrella structure with pooled portfolios has certain characteristics of which investors
should be aware.
Subscription monies will be pooled with those of other investors and the Portfolio in which an investor invests has
not been established or designed with any one particular investor in mind. This means that it has not been tailored
to an investor's specific circumstances and every investor needs to determine whether an investment in the Portfolio
is suitable in the context of his own circumstances.
In addition, investors will have no discretion over the investments made for the Portfolio; the Investment Adviser will
have complete discretion for selecting investments for purchase and sale by the Portfolio. The Portfolio's success
therefore depends, to a large extent, on the services of the Investment Adviser and investors will not have any direct
contractual claim against the Investment Adviser with respect to the services it provides to the Portfolio.
In each year an annual report and a semi-annual report will be prepared. In addition, the Fund may, but is not obliged
to, make available to the Shareholders, upon request and subject to certain policies and conditions, reports that
contain estimates of a Portfolio's performance, list a Portfolio's investment positions and/or col ateral holdings and
activities or contain other information about the Portfolio. Unless otherwise indicated in the context of a particular
report, no report will be tailored specifically for investors or with their particular circumstances in mind. In addition,
other than in the context of the annual report and semi-annual report, the Fund and the Investment Adviser make no
representation as to the accuracy, completeness, fitness for a particular purpose or timeliness of any information
contained in any report, and the Fund, the Investment Adviser and their respective Affiliates will not be liable for any
loss suffered by investors as a result of reliance on any such report.
The Fund is an umbrella vehicle with more than one Portfolio. Pursuant to Luxembourg law, the Fund should not be
liable as a whole to third parties and there should not be the potential for cross contamination of liabilities between
different Portfolios. However, there can be no categorical assurance that, should an action be brought against the
Fund in the courts of another jurisdiction, the segregated nature of the Portfolios will necessarily be upheld.
Accordingly, it is not free from doubt that the assets of the Portfolio in which an investor invests may not be exposed
to the liabilities of other Portfolios.
Data Protection ­ The Fund will control and protect personal data in accordance with the requirements of Regulation
(EU) 2016/679, the General Data Protection Regulation or "GDPR", as described in greater detail in the Company's
data privacy statement. A copy of this data privacy statement is available on www.gs.com/privacy-notices. The data
privacy statement provides information on: (i) the entity or entities responsible for processing investors' personal
data; (ii) the personal data collected from investors and from third parties about investors; (iii) the purposes for which
personal data is processed and the reasons for doing so; (iv) how investor personal data is shared; and (v) investor
rights in relation to processing of personal data and how investors can exercise these rights.
Outsourcing and transfer of data ­ The Registrar and Transfer Agent may disclose and transfer information related
to investors, including confidential and personal data to its affiliates and/or other service providers established in
Belgium, Canada, Hong Kong, Hungary, India, Ireland, Jersey, Luxembourg, Malaysia, Poland, Singapore, the
United Kingdom and in the United States of America while retaining full responsibility and overall control of all
outsourced tasks and all data stored outside of Luxembourg. The outsourced functions are transfer
agent/shareholder services, IT services, reporting and client services activities.
Use of benchmarks ­ Certain Portfolios offered by GSAMBV use benchmarks in accordance with the Benchmarks
Regulation (EU) 2016/1011. The benchmarks listed in the table below are being provided by the entity specified
below in their capacity as administrators (as defined in the Benchmarks Regulation) of the relevant benchmark (each
a "Benchmark Administrator"). The status of each Benchmark Administrator in relation to the register referred to
November 2023
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Goldman Sachs Asset Management


Goldman Sachs Funds SICAV
in article 36 of the Benchmarks Regulation as of the date of this visa-stamped Prospectus is set out next to the name
of the relevant Benchmark Administrator in the table below.
Benchmark
Status of the Benchmark
Portfolio
Benchmark
Administrator
Administrator
Not listed in the register
referred to in article 36 of the
Benchmarks Regulation, as it is
an entity located in a country
outside of the European Union
FTSE
Goldman Sachs US Small Cap
Russell 2000 Index
and does not comply with the
International
Equity Portfolio
(Total Return Net)
conditions laid down in article
Limited
30(1) of the Benchmarks
Regulation nor has it acquired
recognition in accordance with
article 32 of the Benchmarks
Regulation.
Not listed in the register
referred to in article 36 of the
Benchmarks Regulation, as it is
an entity located in a country
outside of the European Union
FTSE
Goldman Sachs US Small Cap
Russell 2500 Index
and does not comply with the
International
CORE® Equity Portfolio
(Total Return Net)
conditions laid down in article
Limited
30(1) of the Benchmarks
Regulation nor has it acquired
recognition in accordance with
article 32 of the Benchmarks
Regulation.
The index is listed in the
register referred to in article 36
of the Benchmarks Regulation
as it has been endorsed under
S&P Dow
Goldman Sachs Global Small
S&P Developed Small
Article 33 of the Benchmarks
Jones Indices
Cap CORE® Equity Portfolio
Cap
Regulation by S&P DJI
LLC
Netherlands B.V., an
administrator registered
pursuant to Article 34 of the
Benchmarks Regulation.
The index is listed in the
register referred to in article 36
of the Benchmarks Regulation
as it has been endorsed under
SIX Financial
CHF: Swiss Average
Article 33 of the Benchmarks
Information
Rate 3M (SARON 3M)
Regulation by SIX Financial
AG
Goldman Sachs Emerging
Information Nordic AB, an
Markets Total Return Bond
administrator registered
Portfolio
pursuant to Article 34 of the
Goldman Sachs Global
Benchmarks Regulation.
Strategic Macro Bond Portfolio
Not listed in the register

referred to in article 36 of the
EUR: ICE BofA 3 month
ICE Data
Benchmarks Regulation, as it is
German Treasury Bill
Services
an entity located in a country
index
outside of the European Union

and does not comply with the
conditions laid down in article
30(1) of the Benchmarks
November 2023
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Regulation nor has it acquired
recognition in accordance with
article 32 of the Benchmarks
Regulation.
Not listed in the register
referred to in article 36 of the
Benchmarks Regulation, as it is
an entity located in a country
Bloomberg
GBP:
UK
Generic
outside of the European Union
Index Services
Treasury Bills 3M
and does not comply with the
Limited
conditions laid down in article
30(1) of the Benchmarks

Regulation nor has it acquired
recognition in accordance with
article 32 of the Benchmarks
Regulation.
Not listed in the register
referred to in article 36 of the
Benchmarks Regulation, as it is
an entity located in a country
Japan
outside of the European Union
JPY: 3 month TIBOR
Bankers
and does not comply with the
Association
conditions laid down in article
TIBOR
30(1) of the Benchmarks
Administration
Regulation nor has it acquired
recognition in accordance with
article 32 of the Benchmarks
Regulation.
Not yet listed in the register
referred to in article 36 of the
Swedish
SEK: 3 Month STIBOR
Benchmarks Regulation, as it
Financial
has not yet obtained
Benchmark
authorisation or registration
Facility
pursuant to Article 34 of the
Benchmarks Regulation.
Not listed in the register
referred to in article 36 of the
Benchmarks Regulation, as it is
an entity located in a country
USD: ICE BofA 3 month
outside of the European Union
US T-Bill
ICE Data
and does not comply with the
Services
conditions laid down in article
30(1) of the Benchmarks
Regulation nor has it acquired
recognition in accordance with
article 32 of the Benchmarks
Regulation.
In accordance with Article 28(2) of the Benchmarks Regulation, GSAMBV has adopted written plans setting out
actions that it will take in the event that a benchmark used by a Portfolio materially changes or ceases to be provided
(the "Contingency Plans"). Actions taken by GSAMBV as a result of implementing the Contingency Plans may result
in changes to the investment objectives or investment policies of a Portfolio or the manner in which performance fees
are calculated, each of which may have an adverse impact on the value of an investment in the Portfolio.
Shareholders may access the Contingency Plans free of charge upon request at the registered office of the
Management Company.
Prevention of money laundering ­ The Fund must comply with applicable international and Luxembourg laws and
regulations regarding the prevention of money laundering and terrorist financing including but not limited to, the law
November 2023
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Goldman Sachs Funds SICAV
of 12 November 2004 on the fight against money laundering and terrorist financing, as may be amended from time
to time (the "2004 Law"), the Grand-Ducal Regulation of 10 February 2010 providing detail on certain provisions of
the 2004 Law, CSSF Regulation No 12-02 of 14 December 2012 on the fight against money laundering and terrorist
financing and relevant CSSF circulars in the field of the prevention of money laundering and terrorist financing. In
particular, anti-money laundering and counter terrorist financing measures in force in Luxembourg require the Fund,
on a risk sensitive basis, to establish and verify the identity of subscribers for Shares (as well as the identity of any
intended beneficial owners of the Shares if they are not the subscribers and any agents (if applicable)) and the origin
of subscription proceeds and to monitor the business relationship on an ongoing basis.
Luxembourg ­ The Fund is registered pursuant to Part I of the Law of 17 December 2010. However, such registration
does not require any Luxembourg authority to approve or disapprove either the adequacy or accuracy of the
Prospectus or the assets held in the various Portfolios. Any representations to the contrary are unauthorised and
unlawful. The Fund has appointed the Management Company to act as its designated management company in
accordance with the Law of 17 December 2010.
Selling Restrictions ­ The distribution of the Prospectus and the offering of the Shares are restricted in certain
jurisdictions. The Prospectus does not constitute an offer to sell or solicitation of an offer to buy any other than the
Shares to which it relates or an offer to sell or the solicitation of an offer to buy Shares by any person in any
circumstances in which such offer or solicitation is unlawful or in any jurisdiction where to do so is unlawful or the
person making the offer or solicitation is not qualified to do so or a person receiving the offer or solicitation may not
lawfully do so. It is the responsibility of any person in possession of the Prospectus and of any person wishing to
apply for Shares to inform themselves about and to observe all applicable laws and regulations of all relevant
jurisdictions. Investors should inform themselves and should take appropriate advice as to the legal requirements,
possible tax consequences, foreign exchange restrictions and/or exchange control requirements that may be
applicable under the laws of the countries of their citizenship, residence, or domicile and that might be relevant to
the subscription, purchase, holding, exchange, redemption or disposal of Shares.
European Union ­ The Fund qualifies as a UCITS under the UCITS Directive, for marketing to the public in certain
Member States and certain countries in the EEA, further details of which are available from the Distributor whose
address is set out in the Directory of the Prospectus.
U.S. ­ The Shares offered hereunder have not been and will not be registered under the 1933 Act for offer or sale
as part of their distribution and the Fund has not been and will not be registered under the 1940 Act. Therefore,
subject to the ultimate discretion of the Board of Directors, the Shares may not be offered or sold to or for the benefit
of a U.S. Person as such term is defined herein. The Articles provide that the Fund may mandatorily redeem any
Shares that are transferred, or attempted to be transferred, to or for the benefit of any U.S. Person. Investors may
be required to certify to the Fund that, among other things, the Shares are not being acquired and will not at any time
be held for the account or benefit, directly or indirectly, of any U.S. Person except as otherwise authorised by the
Board of Directors as set out in Section 15 "Transfer of Shares" (under the heading "Subscriptions by and Transfers
to U.S. Persons") in the Prospectus. It is the responsibility of each Shareholder to verify that it is not a U.S. Person
that would be prohibited from owning Shares. The offering and sale of the Shares to Non-U.S. Persons will be exempt
from registration pursuant to Regulation S promulgated under the 1933 Act. If permitted by the Board of Directors,
any purchaser of Shares that is a U.S. Person must be a "qualified purchaser" as defined in the 1940 Act and the
rules promulgated thereunder and an "accredited investor" as defined in Regulation D under the 1933 Act.
Although the Investment Adviser is, and certain of its advisory Affiliates may be, registered under the Advisers Act,
because the Portfolios are non-U.S. investment entities, the Portfolios' investors wil not have the benefit of the
substantive provisions of U.S. law, including the Advisers Act, except to the extent the Investment Adviser has
delegated any of its obligations to the Fund to an Affiliate located in the U.S. that is registered under the Advisers
Act.
Notwithstanding anything in the foregoing or anything else contained in this Prospectus to the contrary, except as
reasonably necessary to comply with applicable securities laws, each prospective investor (and any employee,
representative or other agent thereof) may disclose to any and all persons, without limitation of any kind, the tax
treatment and tax structure of the offering, the ownership of Shares, and any potential transaction described herein
and all materials of any kind (including opinions and other tax analyses) that are provided to the prospective investor
relating to such tax treatment and tax structure. For this purpose, "tax structure" means any facts relevant to the U.S.
November 2023
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federal and state income tax treatment of the offering, the ownership of Shares and any potential transaction
described herein, and does not include information relating to the identity of the issuer or its Affiliates.
Hong Kong ­ This Prospectus has not been delivered for registration to the Registrar of Companies in Hong Kong
nor has its content been reviewed or authorized by any regulatory authority in Hong Kong. Accordingly, unless
permitted by the securities laws of Hong Kong, (i) the Shares of the Fund may not be offered or sold in Hong Kong
by means of any document other than to persons that are considered "professional investors" within the meaning of
the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and any rules made thereunder or in
other circumstances which do not result in this document being a "prospectus" as defined in the Companies (Winding
Up and Miscellaneous Provisions) Ordinance (Cap. 32 of the Laws of Hong Kong) or which do not constitute an offer
to the public within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32
of the Laws of Hong Kong) and as permitted under the Securities and Futures Ordinance (Cap. 571 of the Laws of
Hong Kong); and (ii) no person may issue or have in its possession for the purposes of issue, this Prospectus, or any
advertisement, invitation or document relating to the Shares in the Fund, whether in Hong Kong or elsewhere, which
is directed at, or the contents of which are likely to be accessed by, the public in Hong Kong, other than with respect
to the Shares in the Fund which are intended to be disposed of only to persons outside Hong Kong or only to
"professional investors" within the meaning of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong
Kong) and any rules made thereunder.
WARNING: The content of this Prospectus has not been reviewed by any regulatory authority in Hong Kong. You
are advised to exercise caution in relation to the offering. If you are in any doubt about any content of this Prospectus,
you should obtain independent professional advice.
Japan ­ Some of the Share Classes of certain Portfolios of the Fund may be registered in Japan. The Prospectus is
not for distribution in Japan. If a Share Class of a Portfolio is registered in Japan, a separate prospectus will be
prepared for use in Japan and such prospectus will be distributed pursuant to the Financial Instruments and
Exchange Law of Japan and will include substantially all of the information in respect of the relevant Share Classes
of those registered Portfolios referred to in the Prospectus.
PRC ­ The Prospectus does not constitute a public offer of the Shares, whether by sale or subscription, in the PRC.
The Fund is not being offered or sold directly or indirectly in the PRC to or for the benefit of legal or natural persons
in the PRC.
Further, no legal or natural persons of the PRC may directly or indirectly purchase any of the Shares or any beneficial
interest therein without obtaining all prior PRC's governmental approvals that are required, whether statutorily or
otherwise. Persons who come into possession of this document are required by the issuer and its representatives to
observe these restrictions.
Uruguay ­ Certain Portfolios of the Fund described in the Prospectus may only be offered to those persons to whom
it may be lawfully offered for sale. This Prospectus does not constitute an offer or solicitation to the general public in
Uruguay or in any jurisdiction where or to any person to whom it would be unauthorised or unlawful to do so.
CERTAIN PORTFOLIOS OF THE FUND MAY BE PRIVATELY PLACED AND HAVE NOT BEEN CREATED UNDER
THE REGIME SET FORTH BY LAW N° 16,774 OF SEPTEMBER 27, 1996, AND ARE NOT REGISTERED BEFORE
THE CENTRAL BANK OF URUGUAY.
Chile ­ Date of commencement of the offer: December 2012. The present offer is subject to General Rule N° 336
(Norma de Carácter General N° 336) of the Chilean securities and insurance regulator ("Superintendencia de Valores
y Seguros" or "SVS"). The present offer deals with securities that are not registered in the Securities Registry
(Registro de Valores) nor in the Foreign Securities Registry (Registro de Valores Extranjeros) kept by the SVS, and,
therefore, the securities which this offer refers to are not subject to the supervision of the SVS. Given the fact that
the securities of the present offer are not registered with the SVS, there is no obligation for the issuer to disclose in
Chile public information about said securities. These securities may not be publicly offered as long as they are not
registered in the corresponding Securities Registry kept by the SVS.


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Table of Contents
Important Information ................................................................................................................................................. i
Table of Contents ................................................................................................................................................... vii
Directory ................................................................................................................................................................ 1
Definitions ................................................................................................................................................................ 3
Currencies ............................................................................................................................................................. 13
1.
The Fund .............................................................................................................................................. 14
2.
Investment Objectives and Policies ...................................................................................................... 15
3.
Description of Share Classes ................................................................................................................ 19
4.
Risk Considerations .............................................................................................................................. 26
5.
Board of Directors ................................................................................................................................. 98
6.
Management Company......................................................................................................................... 99
7.
Investment Adviser ............................................................................................................................. 101
8.
The Valuer .......................................................................................................................................... 103
9.
Depositary, Administrator, Paying Agent, Domiciliary and Corporate Agent and Listing Agent .......... 104
10.
Registrar and Transfer Agent .............................................................................................................. 108
11.
Distributor ........................................................................................................................................... 109
12.
Auditor ................................................................................................................................................ 112
13.
Purchase of Shares ............................................................................................................................ 113
14.
Redemption of Shares ........................................................................................................................ 117
15.
Transfer of Shares .............................................................................................................................. 120
16.
Exchange of Shares ........................................................................................................................... 122
17.
Determination of Net Asset Value ....................................................................................................... 124
18.
Dividend Policy ................................................................................................................................... 130
19.
Fees and Expenses ............................................................................................................................ 133
20.
Additional Information on the Fund ..................................................................................................... 137
21.
Meetings of and Reports to Shareholders .......................................................................................... 141
22.
Taxation .............................................................................................................................................. 142
Appendix A: UCITS Investment Restrictions ....................................................................................................... 149
Appendix B: Overall Risk Exposure and Risk Management ................................................................................ 156
Appendix C: Derivatives and Efficient Portfolio Management Techniques .......................................................... 157
Appendix D: Certain ERISA Considerations ........................................................................................................ 166
Appendix E: Definitions of U.S. Person and Non-U.S. Person ............................................................................ 171
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Appendix F: Potential Conflicts of Interest ........................................................................................................... 173
Supplement I Equity Portfolios / Fixed Income Portfolios / Flexible Portfolios ..................................................... 189
Supplement II Specialist Portfolios ..................................................................................................................... 441
Supplement III Global Manager Strategies Portfolios .......................................................................................... 478
Supplement IV Alternative Portfolios ................................................................................................................... 492
Supplement V Pre-contractual disclosures for the Portfolios referred to in article 8 SFDR ................................. 518

November 2023
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Goldman Sachs Funds SICAV
Directory
Goldman Sachs Funds:
Directors of the Fund:
c/o State Street Bank International GmbH, Luxembourg
Gráinne Alexander
Branch
Jonathan Beinner
49, avenue J-F Kennedy
Hilary Lopez
L-1855 Luxembourg
Sophie Mosnier
Grand-Duchy of Luxembourg
Jan Jaap Hazenberg
RCS B41 751
Dirk Buggenhout



Management Company and Distributor:
Directors of the Management Company:
Goldman Sachs Asset Management B.V.
Martijn Canisius
Prinses Beatrixlaan 35,
Gerald Cartigny
2595AK, The Hague,
Valentijn van Nieuwenhuijzen
The Netherlands
Hester Borrie
Marieke Grobbe
Bob van Overbeek
Patrick den Besten


Investment Adviser:
Depositary,
Administrator,
Paying
Agent,
Goldman Sachs Asset Management International
Domiciliary and Corporate Agent and Listing
Plumtree Court
Agent:
25 Shoe Lane
State
Street
Bank
International
GmbH,
London, EC4A 4AU
Luxembourg Branch
United Kingdom
49, Avenue J-F Kennedy
L-1855 Luxembourg
Grand-Duchy of Luxembourg


Registrar and Transfer Agent:
Legal Advisers to the Fund:
CACEIS Investor Services Bank S.A.
Arendt & Medernach S.A.
14, Porte de France
41A, Avenue J.F. Kennedy
L-4360 Esch-sur-Alzette
L-1855 Luxembourg
Grand-Duchy of Luxembourg
Grand-Duchy of Luxembourg


Auditor:

PricewaterhouseCoopers, Société Coopérative
Reviseur d'entreprises
2, rue Gerhard Mercator
L-2182 Luxembourg
Grand-Duchy of Luxembourg


Valuer:

Goldman Sachs & Co. LLC
200 West Street
New York, NY 10282
U.S.

November 2023
1



Goldman Sachs Asset Management


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