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 aims to generate returns through investing mainly in a wide range of bonds mostly denominated in Euro, primarily investing in government bonds and corporate bonds of high quality (with a rating of AAA to BBB-). Measured over a period of several years we aim to beat the performance of the benchmark 84% Bloomberg Euro-Aggregate, 8% JP Morgan Emerging Local Market Plus (ELMI+) EUR (hedged), 4% JP Morgan Emerging Market Bond (EMBI) Global Diversified EUR (hedged), 2.8% Bloomberg US Aggregate Corporate High Yield EUR (hedged), 1.2% Bloomberg Pan-European High Yield EUR (hedged). The Sub-Fund is actively managed with deviation limits maintained relative to the benchmark. The Sub-fund’s investments can therefore materially deviate from the benchmark. The benchmark is a broad representation of the Sub-Fund’s investment universe. The Sub-Fund can also include investments into fixed income securities that are not part of the benchmark universe. The investment decisions are based on our view on interest rate developments, our outlook on different countries and our view on corporate bonds. The investment process is based on extensive analysis of the macro economy, the market situation and on data from our models. In order to control the risk in the fund, we apply strict risk monitoring measures. 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 aims at providing you with a regular dividend.