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 and has partial sustainable investments as its 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 Pre-Contractual Document (annex of the prospectus) on https://www.gsam.com/responsible-investing/en-INT/non-professional/funds/documents. The fund predominantly invests in a diversified portfolio comprised of equities issued by companies established, listed or traded in any European country. Selection of these companies combines the analysis of environmental, social (e.g. human rights, non-discrimination, the issue of child labour) and governance factors with a financial performance. The fund uses active management to target companies whose market capitalisations are relatively small in size (i.e. ‘small caps’), while observing environmental, social and governance principles, with deviation limits relative to the benchmark. The fund also aims for lower carbon intensity than the benchmark. The fund may also include investments into securities that are not part of the benchmark universe. Its stock level composition will therefore materially deviate from the benchmark. In the stock selection process the fund makes use of financial and ESG analysis and also restricts investment in issuers involved in controversial activities. Measured over a period of several years we aim to beat the performance of the benchmark MSCI Europe Small Cap (NR). The benchmark is a broad representation of our investment 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.