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 in a portfolio of government and government related 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 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 determine 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 with severe environmental, social and governance (ESG) controversies or poor ESG ratings and policies are excluded. We do not invest in issuers involved in activities including but not limited to, the development, production, maintenance or trade of controversial weapons, the production of tobacco products, thermal coal mining and/or oil sands produc-tion. Further, more stringent restrictions are applicable for investments in issuers involved in activities related to gambling, weap-ons, adult entertainment, fur & specialty leather, Arctic drilling and shale oil & gas. The Fund is actively managed. Measured over a period of 5 years we aim to beat the performance of the Bloomberg MSCI Euro Green Bond Treasury and Government-Related 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. In order to achieve that goal, we take active management decisions that will result in over- and underweight positions as compared to the benchmark as well as in investments into securities that are not part of the bench-mark. For portfolio construction and risk management, we use measures widely used in the industry and relevant for the asset class that allow us to assess and manage the Fund’s risk compared to the benchmark. We actively manage this 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 positioning can materially deviate from the benchmark. As issuer specific risk is an im-portant 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.