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 fund primarily invests in a diversified portfolio of bonds denominated in Euro or hedged back to Euro. We invest in asset backed securities, which are bonds backed by collateral, e.g. residential mortgages, commercial real estate debt, consumer loans or credit card receivables. Other eligible investments include, amongst others, deposits and money market paper. The team uses active management to generate long-term investment performance. The main driver of our performance is based on our top down approach, whereby we select in which sectors we want to be over- and underweight based on macro, fundamentals, valuation and momentum. Next to the top down approach we also use a bottom up approach in a later stage when it comes down to security selection. The fund positioning can materially deviate from the benchmark. Measured over a period of several years we aim to preserve capital and beat the performance of the Bloomberg Euro Floating AAA ABS benchmark. The benchmark is a broad representation of our investment universe. The fund may also include investments into instruments that are not part of the benchmark universe. For this specific hedged share class we apply a currency hedging strategy. The sub-fund's base currency is Euro (EUR) and the subfund can be exposed to non-EUR currencies. By hedging this share class we aim to exchange the base currency of the sub-fund (EUR) with the base currency of this share class US Dollar (USD). A currency hedge consists of taking an offsetting position in another currency.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 seeks to provide you with capital growth and does not aim to provide a dividend. It will re-invest all earnings.