The Fund is classified as a financial product under Article 8 of the EU Sustainable Finance Disclosure Regulation. The Fund promotes environmental or social characteristics but does not have a sustainable investment objective. The Fund integrates ESG factors and risk in the investment process alongside traditional factors. Detailed information on the sustainability related disclosures of the Fund can be found in the Template Pre-contractual disclosure (annex of the prospectus) on https://www.gsam.com/responsible-investing/en-INT/non-professional/funds/documents. The objective of the fund is to realize long-term capital growth by mainly investing in a diversified portfolio of equities of companies established, listed or traded in Romania. In order to diversify investments across sectors, the fund is also allowed to invest in companies established, listed or traded in, amongst others: Poland, Hungary, Czech Republic, Russia and Turkey. We select these markets because we expect them to evolve in more or less the same way as the Romanian market in the long run. The fund uses active management to target the most promising companies offering stable and relatively high dividends in the Romanian market, with stock and country deviation limits monitored relative to the benchmark. Its stock-level composition will therefore materially deviate from the benchmark. Measured over a period of several years, we aim to beat the performance of the following combined benchmark: 60% Romanian (BET-XT) TR, 25% Warsaw (WIG30) TR, 5% Budapest (BUX) TR and 10% Prague (PX) TR. The benchmark is a broad representation of our investment universe. The fund may also include investments into securities that are not part of the benchmark universe. 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.