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 invests in longer duration debt instruments (i.e. notes, bonds, certificates, etc) issued and/or denominated in the currencies of developing countries ("emerging markets") in Latin America, Asia, Central Europe, Eastern Europe and Africa. The fund may enter in emerging market currency forward contracts (a currency market transaction in which a seller agrees to deliver a specific currency to a buyer at some point in the future). The fund may also invest in Chinese onshore debt securities through Bond Connect, a market facilitating investment to the Chinese bond market. Measured over a period of several years we aim to beat the performance of the benchmark JP Morgan GBI-EM Global Diversified. The benchmark is a broad representation of the investment universe. We actively manage the fund via currency allocation, curve positioning and instrument selection. The portfolio is diversified across countries and instruments. The portfolio composition can materially deviate from 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.