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 qualifies as a feeder fund, meaning that the fund invests substantially all of its assets in Goldman Sachs Euro Short Duration Bond (the master fund). The residual assets of the fund (up to 15%) are exclusively invested in ancillary liquid assets (e.g. money market instruments) or held as cash, as may be required from time to time for dealing, for liquidity purposes and the payment of costs and expenses of the fund. The fund has the same investment objectives and policy as the master fund. However, the performance of both the fund and the master fund may not be equal due, in particular, to costs and expenses incurred by the fund and residual assets investments. The master fund offers an alternative to short term money markets funds and to fixed income funds (funds that invest in fixed income instruments) as it has a weighted average maturity (duration) of its investments between 1 and 3 years. The master fund uses active management to invest in short term fixed income instruments such as Government (guaranteed) bonds, bonds with variable interest rates and corporate bonds with bond, sector and country deviation limits maintained relative to the benchmark. The master fund positioning can therefore materially deviate from the benchmark. Measured over a period of several years the master fund aims to beat the performance of the benchmark JPMorgan EMU Government Investment Grade Index 1-3 years. The benchmark is a broad representation of our investment universe. The master fund may also include investments into securities that are not part of the benchmark universe. All instruments have a high quality (investment grade rating) and are denominated in Euro. The master fund adds value by forming a view on the evolution of interest rates, and acting on that view. In addition the master fund selectively takes positions in attractively priced credit instruments. You can sell or buy 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.