Obbligazione GOLDMAN SACHS CAPITAL III 0% ( LU0119216801 ) in USD

GOLDMAN SACHS CAPITAL III

100 USD ⇌

Lussemburgo

LU0119216801 ( in USD )

31/12/2013 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione GOLDMAN SACHS FUNDS III LU0119216801 in USD 0%, scaduta

Goldman Sachs Funds III è un fondo di investimento alternativo gestito da Goldman Sachs Asset Management, focalizzato su strategie di investimento diversificate a livello globale.

The Obbligazione issued by GOLDMAN SACHS CAPITAL III ( Luxembourg ) , in USD, with the ISIN code LU0119216801, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 31/12/2013

Prospectus

6 March 2023

GOLDMAN SACHS FUNDS III
VISA 2023/172546-1363-0-PC
L'apposition du visa ne peut en aucun cas servir
d'argument de publicité
Luxembourg, le 2023-03-03
Commission de Surveillance du Secteur Financier

Prospectus

TABLE OF CONTENTS
NOTE
5
GLOSSARY
6
PART I: ESSENTIAL INFORMATION REGARDING THE COMPANY
10
I.
Brief overview of the Company
10
II.
Information on investments
11
III.
Subscriptions, redemptions and conversions
12
IV.
Fees, expenses and taxation
14
V.
Risk factors
18
PART II: SUB-FUND FACTSHEETS
19
Goldman Sachs AAA ABS
23
Goldman Sachs Alternative Beta
26
Goldman Sachs Asia Equity Growth & Income
29
Goldman Sachs Asian Debt (Hard Currency)
32
Goldman Sachs Asia High Yield (Former NN)
35
Goldman Sachs Global Banking & Insurance Equity
38
Goldman Sachs Belgium Government Bond
41
Goldman Sachs Global Climate & Environment Equity
44
Goldman Sachs Commodity Enhanced
47
Goldman Sachs Corporate Green Bond
50
Goldman Sachs Corporate Green Bond
53
Goldman Sachs Emerging Markets Corporate Debt (Former NN)
56
Goldman Sachs Emerging Markets Debt (Hard Currency)
59
Goldman Sachs Emerging Markets Debt (Local Bond)
62
Goldman Sachs Emerging Markets Debt (Local Currency)
65
Goldman Sachs Emerging Markets Debt Short Duration (Hard Currency)
68
Goldman Sachs Emerging Markets Enhanced Index Sustainable Equity
71
Goldman Sachs Emerging Markets Equity Income
74
Gold/man Sachs Global Energy Equity
77
Goldman Sachs Euro Covered Bond
80
Goldman Sachs Euro Credit
83
Goldman Sachs Eurozone Equity
86
Goldman Sachs Eurozone Equity Growth & Income
89
Goldman Sachs Euro Bond
92
Goldman Sachs Eurozone Equity Income
95
Goldman Sachs Euro Liquidity
98
Goldman Sachs Euro Long Duration Bond
101
Goldman Sachs Euro Short Duration Bond
104
Goldman Sachs Euro Sustainable Credit
107
Goldman Sachs Euro Sustainable Credit (ex- Financials)
110
Goldman Sachs Euromix Bond
113
Goldman Sachs European ABS
116
Goldman Sachs Europe Enhanced Index Sustainable Equity
119
Goldman Sachs Europe Equity
122
Goldman Sachs Europe Equity Income
125
Goldman Sachs Europe High Yield (Former NN)
128
Goldman Sachs Europe Real Estate Equity
131

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Goldman Sachs Europe Sustainable Equity
134
Goldman Sachs Europe Sustainable Small Cap Equity
137
Goldman Sachs Global Flexible Multi-Asset
140
Goldman Sachs Global Flexible Multi-Asset Premium
143
Goldman Sachs Protection
146
Goldman Sachs Sustainable Yield Opportunities
149
Goldman Sachs Global Yield Opportunities (Former NN)
152
Goldman Sachs Global Food & Beverages Equity
155
Goldman Sachs Frontier Markets Debt (Hard Currency)
158
Goldman Sachs Global Bond Opportunities (Former NN)
161
Goldman Sachs Global Convertible Bond
165
Goldman Sachs Global Convertible Bond Opportunities
168
Goldman Sachs Global Enhanced Index Sustainable Equity
171
Goldman Sachs Global Equity Impact Opportunities
174
Goldman Sachs Global Equity Income
177
Goldman Sachs Global High Yield (Former NN)
180
Goldman Sachs Global Impact Corporate Bond
183
Goldman Sachs Global Inflation Linked Bond
186
Goldman Sachs Global Investment Grade Credit (Former NN)
189
Goldman Sachs Global Real Estate Equity (Former NN)
192
Goldman Sachs Global Sustainable Equity
195
Goldman Sachs Greater China Equity
198
Goldman Sachs Green Bond
201
Goldman Sachs Green Bond Short Duration
204
Goldman Sachs Global Health Care Equity
207
Goldman Sachs Global Health & Well-being Equity
210
Goldman Sachs Japan Equity (Former NN)
213
Goldman Sachs Multi Asset Factor Opportunities
216
Goldman Sachs North America Enhanced Index Sustainable Equity
219
Goldman Sachs Global Smart Connectivity Equity
222
Goldman Sachs Social Bond
225
Goldman Sachs Sovereign Green Bond
228
Goldman Sachs US Dollar Credit
231
Goldman Sachs US Enhanced Equity
234
Goldman Sachs US Factor Credit
237
Goldman Sachs US Equity Income
240
Goldman Sachs US High Yield
243
Goldman Sachs USD Green Bond
246
PART III: ADDITIONAL INFORMATION
249
I.
The Company
249
II.
Risks linked to the investment universe: detailed description
249
III.
Investment restrictions
258
IV.
Techniques and instruments
269
V.
Management of the Company
275
VI.
(Sub-) Investment Managers
276
VII. Depositary, Registrar and Transfer Agent, Paying Agent and Central Administrative Agent
277
VIII. Distributors
279
IX.
Shares
279
X.
Net Asset Value
280
XI.
Temporary suspension of the calculation of the Net Asset Value and resulting suspension of dealing
283

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XII. Periodic reports
284
XIII. General meetings
284
XIV. Dividends
284
XV. Liquidations, mergers and contributions of Sub- Funds or Share-Classes and share splits and consolidations

284
XVI. Dissolution of the Company
285
XVII. Prevention of money laundering and the financing of terrorism
286
XVIII. Conflicts of Interests
286
XIX. Nominees
286
XX. Stock Exchange Listing
287
Appendix I: Assets subject to TRS and SFT - Table
288
Appendix II: Overview of Indices of the Company's Sub-Funds - Table
293
Appendix III: SFDR pre-contractual disclosures for article 8 and 9 SFDR Sub-Funds Templates
298

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advisor or accountant on any issue relating to the contents
NOTE
of this prospectus.
The Company confirms that it fulfils all the legal and
Subscriptions to the Company's Shares are only valid if they
regulatory requirements applicable to Luxembourg regarding
are made in accordance with the provisions of the most
the prevention of money laundering and the financing of
recent prospectus accompanied by the most recent annual
terrorism.
report available and, in addition, by the most recent semi-
annual report if this was published after the most recent
The Company's Board of Directors is responsible for the
annual report. No parties are authorised to provide
information contained in this prospectus on the date of its
information other than that which appears in the prospectus
publication. Insofar as it can reasonably be aware, the
or in the documents referred to in the prospectus as being
Company's Board of Directors certifies that the information
available to the public for consultation.
contained in the prospectus has been correctly and
accurately represented and that no information has been
This prospectus details the general framework applicable to
omitted which, if it had been included, would have altered
all the Sub-Funds and should be read in conjunction with the
the significance of this document.
factsheets for each Sub-Fund. These factsheets are inserted
each time a new Sub-Fund is created and form an integral
The value of the Company's Shares is subject to fluctuations
part of the prospectus. Potential investors are requested to
in a large number of elements. Any return estimates given or
refer to these factsheets prior to making any investment.
indications of past performance are provided for information
purposes only and in no way constitute a guarantee of future
The prospectus wil be regularly updated to include any
performance. The Company's Board of Directors therefore
significant modifications. Investors are advised to confirm
warns that, under normal circumstances and taking into
with the Company that they are in possession of the most
consideration the fluctuation in the prices of the securities
recent prospectus which can be obtained from the webpage
held in the portfolio, the redemption price of Shares may be
www.gsam.com/responsible-investing. In addition, the
higher or lower than the subscription price.
Company wil provide upon request, free of charge, the most
recent version of the prospectus to any Shareholder or
The official language of this prospectus is English. It may be
potential investor.
translated into other languages. In the event of a
discrepancy between the English version of the prospectus
The Company is established in Luxembourg and has
and versions written in other languages, the English version
obtained the approval of the competent Luxembourg
wil take precedence, except in the event (and in this event
authority. This approval should in no way be interpreted as
alone) that the law of a jurisdiction where the Shares are
an approval by the competent Luxembourg authority of
available to the public stipulates otherwise. In this case, the
either the contents of the prospectus or the quality of the
prospectus wil nevertheless be interpreted according to
Shares of the Company or the quality of the investments that
Luxembourg law. Any settlement of disputes or
it holds. The Company's operations are subject to the
disagreements with regard to investments in the Company
prudential supervision of the competent Luxembourg
shall also be subject to Luxembourg law.
Authority.
THIS PROSPECTUS IN NO WAY CONSTITUTES AN
The Company has not been registered under the United
OFFER OR SOLICITATION TO THE PUBLIC IN
States Investment Company Act of 1940 as amended (the
JURISDICTIONS IN WHICH SUCH AN OFFER OR
"Investment Company Act"). The Shares of the Company
SOLICITATION TO THE PUBLIC IS ILLEGAL. THIS
have not been registered under the United States Securities
PROSPECTUS IN NO WAY CONSTITUTES AN OFFER
Act of 1933 as amended (the "Securities Act") or under the
OR SOLICITATION TO A PERSON TO WHOM IT WOULD
securities laws of any state of the United States of America
BE ILLEGAL TO MAKE SUCH AN OFFER OR
and such Shares may be offered, sold or otherwise
SOLICITATION.
transferred only in compliance with the Securities Act and
such state or other securities laws. The Shares of the

Company may not be offered or sold to or for the account of
any US Person as defined in Rule 902 of Regulation S under
the Securities Act.
Applicants may be required to declare that they are not US
Persons and that they are neither acquiring Shares on
behalf of US Persons nor acquiring Shares with the intent to
sell them to US Persons.
The Shares of the Company may, however, be offered to
investors that qualify as US Persons as defined under the
Foreign Account Tax Compliance Act ("FATCA") under the
condition that such investors do not qualify as US Persons
according to Rule 902 of Regulation S under the Securities
Act.
It is recommended that investors obtain information on the
laws and regulations applicable in their country of origin,
residence or domicile as regards an investment in the
Company and that they consult their own financial or legal

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companies from an extra-financial point of view, regardless
GLOSSARY
of their sector of activity.
Bond Connect: Bond Connect is a mutual market access
Active Ownership refers to dialogue and engagement with
scheme that allows investors from mainland China and
issuers and the exercise of voting rights to promote the long
overseas to trade in each other's respective bond markets.
term success of companies, by holding management
Northbound trading allows overseas investors from Hong
accountable on behalf of the end beneficiary. The
Kong and other regions to invest in the China interbank bond
Stewardship Policy of the Management Company provides
market through mutual access arrangements in respect of
an overview of the roles and responsibilities as an active
trading, custody and settlement.
investor towards clients, including how the Management
Company exercises voting rights at shareholder meetings
Business Day: Every weekday (Monday to Friday), except
worldwide and guide the engagement activities with investee
New Year's day (January 1st), Good Friday, Easter Monday,
companies.
Christmas (December 25th) and Boxing Day (December
26th).
Advisers Act: the U.S. Investment Advisers Act of 1940, as
amended from time to time.
CDSC: Contingent Deferred Sales Charge.
Articles: The Articles of Association of the Company as
CET: Central European Time.
amended from time to time.
China A-Shares or A-Shares: Renminbi-denominated "A"
AUM: Assets under management attributable to a particular
Shares of companies listed on stock exchanges in mainland
Sub-Fund.
China. CNH: Chinese offshore RMB traded outside the PRC.
CNY: Chinese onshore RMB traded within the PRC.
Average weighted ESG Rating: A sustainability indicator
that measures how E, S and G factors are taken into
Company: Goldman Sachs Funds III including all existing
account in the investment decision- making process.
and future Sub-Funds.
Benchmark/Index (collectively "Indices"): The benchmark
CSRC: China Securities Regulatory Commission.
is a point of reference against which the performance of the
CSSF: Commission de Surveil ance du Secteur Financier is
Sub- Fund may be measured, unless otherwise stated. A
the regulatory and Supervisory Authority of the Company in
Sub-Fund may have different Share-Classes and
Luxembourg.
corresponding benchmarks and these benchmarks may be
amended from time to time. Additional information on the
Cut-off: Cut-off time for receipt of subscription, redemption
respective Share-Classes is available for consultation on the
and conversion request: before 15.30 p.m. CET each
website www.gsam.com/responsible-investing. The
Valuation Day, unless otherwise stated in the relevant Sub-
benchmark may also be a guide to market capitalization of
Fund factsheet under "additional information".
the targeted underlying companies and where applicable,
this wil be stated in the Sub-Fund's investment objective
Depositary: The assets of the Company are held under the
safekeeping, cash flow monitoring and oversight duties of
and policy. The degree of correlation with the benchmark
Brown Brothers Harriman (Luxembourg) S.C.A.
may vary from Sub-Fund to Sub-Fund, depending on factors
such as the risk profile, investment objective and investment
Distributor: Each distributor appointed by the Company
restrictions of the Sub-Fund, and the concentration of
which distributes or arranges for the distribution of Shares.
constituents in the benchmark. When a Sub-Fund invests
into an Index, such Index should satisfy the requirements
Dividend: Distribution of part or the whole of the net income,
applicable to "financial indices" as defined in article 9 of the
capital gain and/or capital attributable to a Share-Class of
Luxembourg Grand Ducal Regulation of 8 February 2008
the Sub- Fund.
and in CSSF Circular 14/592.
ESG Rating: The ESG Rating is a quantitative measure that
assesses risks or performance related to environmental,
Benchmark Regulation: Regulation (EU) 2016/1011 of the
European Parliament and of the Council of 8 June 2016 on
social and governance parameters and the issuer's ability to
indices used as benchmarks in financial instruments and
control and mitigate these risks, and is assigned at issuer
financial contracts or to measure the performance of
level. The ESG rating is based on analysis of external and/or
investment funds and amending Directives 2008/48/EC and
internal data and information in order to identify material
2014/17/EU and Regulation (EU) No 596/2014. According to
ESG risks and their possible financial impact on the outlook
the Benchmark Regulation, the Management Company has
of the issuer, relevant for investment decision process and
produced and maintains written plans setting out the actions
ongoing monitoring.
that it would take in the event that a benchmark is materially
Exclusion List: This list gives a comprehensive overview of
changed or ceases to be provided. Those written plans may
all excluded issuers, including the reason for exclusion, as
be obtained free of charge at the Company's registered
assessed by the Management Company.
office. An overview of indices of the Company's Sub-Funds,
including confirmation of the administrators of the indices'
Green, Social & Sustainability Bond Methodology: The
registration with the competent authority under the
Green, Social & Sustainability Bond Methodology as applied
Benchmark Regulation, is available in the Appendix II of the
by the Management Company details the technical
Company's Prospectus.
screening criteria for each economic activity that appears in
green bonds. Each economic activity should meet these
Best-in-Universe: The "Best-in-Universe" approach is an
technical screening criteria which are formed from the EU
environmental, social and governance (ESG) selection of
Taxonomy, Climate Bonds Initiative and internal
companies that consists in favoring the best rated
environmental screening criteria.

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GSAMI: Goldman Sachs Asset Management International,
Mémorial: The Luxembourg Mémorial C, Recueil des
which is an indirect subsidiary of The Goldman Sachs
Sociétés et Associations, as replaced since 1st June 2016
Group, Inc..
by the RESA, as defined below.
GDPR: Regulation (EU) 2016/679 of the European
MiFID II: Directive 2014/65/EU of the European Parliament
Parliament and of the council of 27 April 2016 on the
and of the Council of 15 May 2014 on markets in financial
protection of natural persons with regard to the processing of
instruments and amending Directive 2002/92/EC and
personal data and on the free movement of such data, and
Directive 2011/61/EU.
repealing Directive 95/46/EC.
Minimum Subscription and Holding Amount: The
H-Share: Share of companies incorporated in the Chinese
minimum investment levels for initial investments as well as
mainland that is listed on the Hong Kong Stock Exchange or
minimum holding levels.
other foreign exchange.
MIT Criteria: Criteria used to assess corporate issuers,
Historical Performance: Past performance information
consisting of:
relating to each Sub-Fund is set out on
www.gsam.com/responsible-investing. Past performance
Material The company's positive impact arising from their
should not be seen as an indication of how a Sub-Fund will
business is significant
perform in the future and cannot in any way provide a
Intentional The company's impact is part of its mission,
guarantee of future returns.
strategy and purpose
Institutional Investors: An investor, within the meaning of
Transformational The company's solution is unique or
Article 174 of the Luxembourg Law of 2010, which currently
innovative
includes insurance companies, pension funds, credit
establishments and other professionals in the financial
Money Market Fund Regulation or MMF Regulation:
sector investing either on their own behalf or on behalf of
Regulation (EU) N°2017/1131 of the European Parliament
their clients who are also investors within the meaning of this
and of the Council of 14 June 2017 on money market funds
definition or under discretionary management, Luxembourg
and related delegated acts, implementing acts and
and foreign collective investment schemes and qualified
guidelines.
holding companies.
Money Market Instruments: Instruments as defined in
Article 2(1)(o) of Directive 2009/65/EC, and instruments as
Investment Manager: The Management Company and/or
the Investment Manager(s) appointed by the Company or by
referred to in Article 3 of Commission Directive 2007/16/EC,
the Management Company on behalf of the Company.
normally dealt on the money market that are liquid and
whose value can be accurately determined at any time.
Key Information Document: A standardized document, for
each Share-Class, summarizing key information for
Net Asset Value per Share: In relation to any Shares of any
Shareholders according to Regulation (EU) 1286/2014.
Share- Class, the value per Share determined in accordance
with the relevant provisions described under the Chapter X
Law of 2010: The Luxembourg law of 17 December 2010
"Net Asset Value" in Part III.
relating to undertakings for collective investment, as
amended and supplemented from time to time, including by
Nominees: Any Distributor which registers Shares in their
the Luxembourg law of 10 May 2016 transposing Directive
own name while holding them for the benefit of the rightful
2014/91/EU of the European Parliament and of the Council
owner.
of 23 July 2014 amending Directive 2009/65/EC on the
OECD: Organisation for Economic Co-operation and
coordination of laws, regulations and administrative
Development.
provisions relating to undertakings for collective investment
in Transferable Securities (UCITS) as regards depositary
PAI Indicator(s): The principal adverse impact indicators as
functions, remuneration policies and sanctions.
listed in annex I of the delegated regulation EU 2022/1288
supplementing SFDR.
Legal maturity: The date when the principal of a security is
to be repaid in full and which is not subject to any optionality.
Paris Climate Agreement: The Paris Climate Agreement is
a treaty on climate change with a goal to limit global
Low Volatility Net Asset Value Money Market Fund or
warming to well below 2, preferably 1.5 degrees Celsius,
"LVNAV MMF": A Money Market Fund (MMF) that complies
compared to pre-industrial levels.
with specific requirements laid down in the Money Market
Fund Regulation.
Paying Agent: Each Paying Agent appointed by the
Company.
Leverage: A method by which the Management Company
may increase the exposure of a fund it manages whether
Payment Date of subscription, redemption and
through borrowing or use of financial derivative instruments.
conversion requests: Normally within three Business Days
after the applicable Valuation Day, unless otherwise stated
Management Company: The entity acting as designated
in the relevant Sub-Fund factsheet. This period may be
Management Company of the Company within the meaning
extended or reduced upon approval of the Management
of the Law of 2010 and to which responsibility for investment
Company.
management, administration and marketing has been
delegated.
Performance Fee: The performance related fee payable by
a Sub- Fund to the Investment Manager.
Member State: A member state of the European Union.
PRC: People's Republic of China.

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Principal Adverse Impact or PAI: Negative, material, or
RQFII: Renminbi Qualified Foreign Institutional Investor as
potentially material effects on sustainability factors that result
approved under and subject to the applicable Chinese
from, worsen, or are directly related to investment choices or
regulations.
advice performed by a legal entity.
Securities Financing Transaction (or "SFT"): A securities
Public debt Constant Net Asset Value Money Market Fund
financing transaction as defined in Regulation (EU)
or "public debt CNAV MMF": A MMF that (i) seeks to
2015/2365, as it may be amended and supplemented from
maintain an unchanging Net Asset Value per unit or share;
time to time. The SFTs selected by the Board of Directors
(ii) where the income in the fund is accrued daily and can
are the repurchase transactions, the reverse repurchase
either be paid out to the investor or used to purchase more
transactions and the securities lending transactions.
units or shares in the fund; (iii) where assets are generally
valued according to the amortised cost method and where
Securities Lending Agent: The entity appointed by the
the Net Asset Value is rounded to the nearest percentage
Company to act as the intermediary in securities lending
point or its equivalent in currency terms; and (iv) that invests
transactions.
at least 99,5% of its assets in instruments referred in MMF
Securities Lending Transaction: A transaction by which a
Regulation, reverse repurchase agreements secured with
Sub- Fund transfers securities subject to a commitment that
government debt as described in MMF Regulation and cash.
the borrower wil return equivalent securities on a future date
or when requested to do so by the transferor.
QFII: Qualified Foreign Institutional Investor as approved
under and subject to the applicable Chinese regulations.
Securitisation: Securitisation as defined in article 4(1)(61) of
Regulation (EU) N° 575/2013.
Reference Currency: The currency used for a Sub-Fund's
performance measurement and accounting purposes.
SEHK: Stock Exchange of Hong Kong Limited.
Registrar and Transfer Agent: Each Registrar and Transfer
Shares: Shares of each Sub-Fund wil be offered in
Agent appointed by the Company.
registered form, unless otherwise decided by the Board of
Directors. All Shares must be fully paid for and fractions wil
REIT: Real Estate Investment Trust, either set up as a
closed-end investment fund or qualifying as a company
be issued up to 3 decimal places.
under applicable local laws.
Share-Class: One, some or all of the Share-Classes offered
by a Sub-Fund, whose assets wil be invested in common
Regulated Market: The market defined in item 14 of Article
4 of the European Parliament and the Council Directive
with those of other Share-Classes, but which may have its
2004/39/EC of 21 April 2004 on markets in financial
own fee structure, Minimum Subscription and Holding
instruments, as well as any other market in an Eligible State
Amount, Dividend policy, Reference Currency or other
which is regulated, operates regularly and is recognised and
features.
open to the public.
Share-Class Overlay: A portfolio management technique
applied on a Share-Class for Currency Hedged Share-
Regulation (EU) N° 1286/2014: Regulation (EU) No
1286/2014 of the European Parliament and of the Council of
Classes and Duration Hedged Share-Classes. The purpose
26 November 2014 on key information documents for
of the Share-Class
packaged retail and insurance-based investment products
Overlay is to group all types of techniques that can be
(PRIIPs).
applied at Share-Class level.
Repurchase Transaction: A transaction by which a Sub-
Shareholder: Any person or entity owning Shares of a Sub-
Fund sells portfolio securities to a counterparty and
Fund.
simultaneously agrees to repurchase those securities back
from the counterparty at mutual y agreed time and price
Short-term Money Market Fund: A MMF that invests in
including a mutually agreed interest payment.
eligible Money Market Instruments referred in MMF
Regulation and is subject to the portfolio rules set out in
Residual maturity: The length of time remaining until the
MMF Regulation.
legal maturity of a security.
SSE: Shanghai Stock Exchange.
RESA: the Recueil électronique des sociétés et
associations, the Luxembourg central electronic platform for
Standard Money Market Fund: A MMF that invests in
legal publications replacing the Mémorial as of 1st June
eligible Money Market Instruments referred in MMF
2016.
Regulation and is subject to the portfolio rules set out in
MMF Regulation.
Responsible Investment Policy: The responsible
investment policy of the Management Company.
Stock Connect: The mutual market access programme
through which investors can deal in selected securities. At
Reverse Repurchase Transaction: A transaction by which
the time of the release of the prospectus the Shanghai
a Sub- Fund purchases portfolio securities from a seller
Hong Kong Stock Connect and the Shenzhen Hong Kong
which undertakes to repurchase the securities at mutually
Stock Connect programmes are operational. Stock Connect
agreed time and price, thereby pre-determining the yield to
consists of a Northbound Trading link, through which Hong
the Sub-Fund during the period when the Sub-Fund holds
Kong and overseas investors may purchase and hold China
the instrument.
A-Shares listed on the SSE and SZSE, and the Southbound
Trading link, through which investors in Mainland China may
RMB: Renminbi, legal currency of the PRC. It is used to
designate Chinese currency traded in the onshore (CNY)
purchase and hold Shares listed on the SEHK.
renminbi and the offshore (CNH) renminbi markets.

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Sub-Fund: Umbrella funds are single legal entities
UCITS Directive: Directive 2009/65/EC of the European
comprising one or more Sub-Funds. Each Sub-Fund has its
Parliament and of the Council on the coordination of laws,
own investment objective and policy and consists of its own
regulations and administrative provisions relating to
specific portfolio of assets and liabilities.
undertakings for collective investment in transferable
securities (UCITS), as amended and supplemented from
Sub-Investment Advisor: Each of the Sub-Investment
time to time, including by Directive 2014/91/EU of the
Advisor that the Investment Manager hired to assist with the
European Parliament and of the Council of 23 July 2014.
management of a client's particular investment portfolio.
UN SDGs: The Sustainable Development Goals as adopted
Sub-Investment Manager: Each of the Sub-Investment
by the United Nations in 2015. These goals are a universal
Manager to which the Investment Manager delegated the
set of targets and indicators to provide guidance and
investment management of the respective portfolio in full or
designed to contribute to the transition to a sustainable
part.
world.
Supervisory Authority: The Commission de Surveil ance
du Secteur Financier in Luxembourg or the relevant
Valuation Day: Each Business Day, unless otherwise stated
in the relevant fund factsheet.
Supervisory Authority in the jurisdictions where the
Company is registered for public offering.
Variable Net Asset Value Money Market Fund or "VNAV
MMF": A MMF that complies with the specific requirements
Sustainability Factors: As defined by the SFDR in Article 2
laid down in MMF Regulation.
(24), mean environmental, social and employee matters,
respect for human rights, anti-corruption and anti-bribery
Weighted Average Life or "WAL": The average length of
matters.
time to legal maturity of all the underlying assets in the MMF
reflecting the relative holdings in each asset.
Sustainability Risk: As defined by the SFDR in Article 2
(22), means an environmental, social or governance event
Weighted Average Maturity or "WAM": The average
or condition that, if it occurs, could cause an actual or
length of time to legal maturity or, if shorter, to the next
potential material negative impact on the value of the
interest rate reset to a money market rate, of all of the
investment.
underlying assets in the MMF reflecting the relative holdings
in each asset.
Sustainable Finance Disclosures Regulation or SFDR:
Regulation (EU) 2019/2088 of the European Parliament and

of the Council of 27 November 2019 on sustainabilityrelated
disclosures in the financial services sector as amended from
time to time.
Sustainable Investment(s): Investment(s) determined as
sustainable based on the Management Company's
Sustainable Investment Framework.
Sustainable Investment Framework: The Management
Company's framework used to determine whether an
investment is a Sustainable Investment under article 2 (17)
SFDR.
SZSE: Shenzhen Stock Exchange.
Taxonomy Regulation or TR: Regulation (EU) 2020/852 of
the European Parliament and of the Council of 18 June 2020
on the establishment of a framework facilitating sustainable
investment and amending Regulation (EU) 2019/2088 as
amended from time to time.
Total Return Swap (including swaps referenced to as
performance swap): A derivative contract as defined in
Regulation (EU) 648/2012, as it may be amended and
supplemented from time to time, in which one counterparty
transfers the total economic performance, including income
from interest and fees, gains and losses from price
movements, and credit losses, of a reference obligation to
another counterparty.
Transferable Securities: Transferable Securities as defined
in Art. 1 (34) of the Law of 2010.
UCI: An undertaking for collective investment.
UCITS: An undertaking for collective investment in
transferable securities within the meaning of the UCITS
Directive.

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Prospectus

PART I: ESSENTIAL INFORMATION REGARDING THE COMPANY
I. BRIEF OVERVIEW OF THE
Investment Managers
COMPANY
· American Century Investment Management Inc.
4500 Main Street
Place, form and date of establishment
Kansas City, Missouri, MO 64141-6786,
United States
Established in Luxembourg, Grand Duchy of Luxembourg,

as a public limited liability company ("Société Anonyme")
qualifying as an open-ended investment company with
· Irish Life Investment Managers Limited
Beresford Court
variable Share capital (Société d'investissement à capital
Beresford Place Dublin 1,
variable ("SICAV")) with multiple sub-funds, on 6 September
Ireland
1993

Registered office
· Nomura Asset Management Co. Ltd.
2-2-1, Toyosu, Koto-ku,
80, route d'Esch, L-1470 Luxembourg Trade and Companies
Tokyo 135-0061,
Register No. B 44.873
Japan

Supervisory Authority
· Nomura Asset Management Taiwan Ltd.
Commission de Surveil ance du Secteur Financier (CSSF)
30F, 7 Xin Yi Road, Section 5,
Taipei 101,
Board of Directors
Taiwan, R.O.C.
Chairman:

· Mr Dirk Buggenhout
· Voya Investment Management Co. LLC
Head of Operations
230 Park Avenue, 14th Floor
Goldman Sachs Asset Management
New York, NY 10169, United States
Prinses Beatrixlaan 35,

2595AK, The Hague,
Affiliated Investment Managers
The Netherlands

· NN Investment Partners North America LLC
230 Park Avenue, Suite 1800
Directors:
New York, NY 10169
· Mr Benoît De Belder
United States
Independent Director

71, Chemin de Ponchau
· NN Investment Partners Towarzystwo Funduszy
7811 Arbre
Inwestycyjnych S.A.
Belgium
12, Topiel

Warsaw 00-342,
· Mr Jan Jaap Hazenberg
Poland
Goldman Sachs Asset Management

Prinses Beatrixlaan 35,
· Goldman Sachs Investment Management
2595AK, The Hague
(Singapore)
The Netherlands
MBFC Tower 2

# 31-01, 10 Marina Boulevard
· Ms Sophie Mosnier
018983 Singapore
Independent Director

41, rue du Cimetière
· Goldman Sachs Advisors B.V.
L--3350 Leudelange
Prinses Beatrixlaan
35 2595AK, The Hague
Independent Auditors
The Netherlands
PriceWaterhouseCoopers

2, rue Gerhard Mercator,
· Goldman Sachs Asset Management International
L-2182 Luxembourg
Plumtree Court
25 Shoe Lane
Management Company
London,EC4A 4AU,
United Kingdom
Goldman Sachs Asset Management B.V.
Prinses Beatrixlaan 35,

2595AK, The Hague,
The Netherlands

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