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's objective is to achieve returns higher than EURIBOR 1-month, measured over a rolling 3 - 5 years period. This index is not used for portfolio construction but for performance measurement purposes only. The fund is actively managed. The fund invests in a diversified portfolio of predominantly investment and non-investment grade corporate and sovereign bonds in both developed and emerging markets and aims to generate returns from dynamic asset allocation decisions and security selection. The fund focuses on investments in companies and issuers pursuing policies of sustainable development while observing environmental, social and governance principles. For direct investments in corporate bonds the fund also aims to achieve a carbon intensity that is lower than the relevant corporate bond index designated as a reference benchmark under SFDR. The fund investments in investment grade fixed income instruments, money market instruments and cash or cash equivalents will be at least 50% of the fund’s net assets. The fund may hold bank deposits at sight, such as cash held in current accounts with a bank accessible at any time. Such holdings may not exceed 20% of the fund's net assets under normal market conditions. Investments in money market instruments and cash equivalents are for the purpose of achieving the fund’s investment objective. The investments in sovereign bonds is limited to 50% of the fund’s net assets. The fund can also invest in other fixed income instruments not being corporate and sovereign bonds such as, but not limited to, covered bonds and asset backed securities. At least annually, the corporate bond portfolio’s initial investment universes are reduced by at least 20%, as a result of the application of a “Best-in-Universe” approach and the below mentioned exclusions and restrictions. When applying the “Best-in-Universe” approach, the appropriateness of investments in corporate bonds is assessed. Issuers that meet the ESG requirements of the Management Company are prioritized and similarly, issuers that do not are not eligible for investment. The ESG requirements in this context are assessed by taking into account, amongst others, the issuer’s ESG Rating, economic activities and behavior. The selection process involves both financial analysis and ESG (Environmental, Social and Governance) analysis which may be limited by the quality and availability of the data disclosed by issuers or provided by third parties. Examples of non-financial criteria assessed in the ESG analysis are carbon intensity, human right policy and environmental impact. In the selection process, the focus of the analysis is on companies that pursue a policy of sustainable development and that combine the respect of social principles and environmental principles with their focus on financial targets (positive screening). The abovementioned selection process is applied to at least 90% of the corporate bond investments. When selecting investments, we analyse, maintain and update the credit rating of future investments and ensure that the average rating of the portfolio is BBB - or better. As the fund may use different criteria for company or issuer analysis and/or a different approach to improve the non-financial indicator compared to the initial investment universes, this may potentially lead to inconsistency between company or issuer selection within the different sub-asset classes of the fund. The fund uses derivatives and can take long and short positions (short positions via derivative instruments only) in order to achieve its objectives. 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 does not aim to provide you with a dividend. It will reinvest all earnings.