The Fund is classified as a financial product under Article 9 of the EU Sustainable Finance Disclosure Regulation. The Fund has sustainable investments as it objective and it will invest in economic activities that qualify as environmentally sustainable under the EU Taxonomy. Detailed information on the sustainability related disclosures of the Sub-fund can be found in the Pre-Contractual Document (annex of the prospectus) on https://www.gsam.com/responsible-investing/en-INT/non-professional/funds/documents. The fund invests at least 85% of its net assets in a portfolio of green bonds of high quality (with a rating of AAA to BBB-) mainly denominated in Euro. Green bonds are bond instruments where the proceeds will be applied to finance or re-finance in part or in full new and/or existing projects that are beneficial to the environment. The fund may invest in bonds with a higher risk (with a quality rating lower than BBB-) up to 10% of its net assets. To determina our eligible universe, we check if the selected bonds adhere to the Green Bond Principles as formulated by the International Capital Market Association. Furthermore issuers are screened using exclusionary screening. We do not invest in issuers involved in activities including but not limited to, the development, production, maintenance or trade of controversial weapons, the produc-tion of tobacco products, thermal coal mining and/or oil sands production. Further, more stringent restrictions are applicable for investments in issuers involved in activities related to gambling, weapons, adult entertainment, fur & specialty leather, Arctic drilling and shale oil & gas. Issuers with severe environmental, social and governance (ESG) controversies or poor ESG ratings and poli-cies are excluded. Measured over a period of 5 years we aim to beat the performance of the benchmark Bloomberg MSCI Euro Green Bond 10% Capped Index. The benchmark is a broad representation of our investment universe. The fund can also include bonds that are not part of the benchmark universe. We actively manage the fund with a focus on bond selection. To construct the optimal portfolio we combine our analysis on specific issuers of bonds with a broader ESG and market analysis, which may be limited by the quality and availability of the data disclosed by issuers or provided by third parties. Example of non-financial criteria assessed in the ESG analysis is annual greenhouse gas (GHG) emissions avoided. We aim to exploit differences in valuations of issuers of bonds within sectors and differences in valuations between sectors and different quality segments (ratings). Therefore the fund position-ing can materially deviate from the benchmark. As issuer specific risk is an important driver of performance, we subject all issuers in the investable universe to an in-depth analysis of business and financial risk. For risk management purposes, sector and country deviation limits are maintained relative to the benchmark. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.