December 15th, 2015

Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF Cited as One of the Best New ETFs in 2015 by Morningstar

In an increasingly crowded field of new exchange-traded products, the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (Ticker: GSLC) was noted one of two “Best New ETFs of 2015” by Morningstar ETFInvestor1.

Selected from 261 ETFs launched as of December 3, 2015, the December issue of ETFInvestor article reviewed the “The Best and Worst New ETFs of 2015” and highlighted that the “low fee and relatively modest factor bets make GSLC a potential low-risk, medium-reward (relative to a cap-weighted U.S. large-cap exposure) proposition.”

“We are honored that GSLC has been mentioned as one of the best new ETFs of 2015 by Morningstar ETFInvestor. This recognition underscores our team’s commitment to producing unique investment solutions that not only meet but exceed the needs of our clients, and we look forward to being at the forefront of continued innovation in the ETF space,” said Michael Crinieri, Global Head of ETF Strategies at Goldman Sachs Asset Management (GSAM).

GSAM entered the ETF market in September with the launch of GSLC and the ActiveBeta® Emerging Markets Equity ETF (Ticker: GEM), followed by the Goldman Sachs ActiveBeta® International Equity ETF (Ticker: GSIE) in November. Unlike traditional ETFs that track a market cap-weighted index, GSAM’s ActiveBeta® ETFs track the firm’s proprietary ActiveBeta® indices, which utilize a methodology that offers the potential to outperform the market.

GSAM’s Quantitative Investment Strategies team, with approximately $65 billion in assets under management and more than 15 years of experience in managing smart beta strategies, oversees the management of the Goldman Sachs ActiveBeta® ETFs2. Since launching in September 2015, the assets of the three Goldman Sachs ActiveBeta® ETF Funds have grown to $820 million as of December 16, 2015.

GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE:GS), which supervises $1.19 trillion in assets as of September 30, 20153. Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

1 Source: Morningstar ETFInvestor, Vol. 10 No 4, December 2015.

2 Source: GSAM, as of September 30, 2015

3 Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

The Goldman Sachs ActiveBeta® US Large Cap Equity ETF is priced competitively at 9 basis points (bps) after expense limitation, based on a universe of funds that include traditional market cap-weighted ETFs and smart beta ETFs. For example, the fee for the largest ETF by AUM, the SPDR S&P 500 ETF Trust (SPY), is priced at 9 bps. Additionally, the average fund fee for the Morningstar US ETF Large Blend Category is 35 bps, and the average fund fee for the Morningstar US ETF Large Blend Strategic Beta Classification is 37 bps. “Smart beta” refers to quantitative index-based strategies. Source: Morningstar, as of November 11, 2015. This data only includes ETFs.

Ordinary brokerage commissions apply. Brokerage commissions will reduce returns.

Please note that the fund managers of the Goldman Sachs ActiveBeta® ETFs are Steve Jeneste and Raj Garigipati. Please refer to the Prospectus for further information.

ActiveBeta® is a registered trademark of GSAM and has been licensed for use by Goldman Sachs ETF Trust. The ActiveBeta® Portfolio Construction and Maintenance Methodology is the patent-protected property of GSAM (U.S. Patent Numbers 8,285,620 and 8,473,398).

Fund Risk Considerations

Goldman Sachs ActiveBeta® International Equity ETF

The Goldman Sachs ActiveBeta® International Equity ETF(the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® International Equity Index (the “Index”), which delivers exposure to equity securities of developed markets issuers outside of the United States. The Fund’s equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. Foreign investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic or political developments. Because the Fund may concentrate its investments in an industry or group of industries to the extent that the Index is concentrated, the Fund may be subject to greater risk of loss as a result of adverse economic, business or other developments affecting that industry or group of industries. The securities of mid- and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is not actively managed, and therefore the Fund will not generally dispose of a security unless the security is removed from the Index. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund nor its investment adviser can guarantee the accuracy of the methodology’s assessment of included issuers. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors.

Goldman Sachs ActiveBeta® Emerging Markets Equity ETF

The Goldman Sachs ActiveBeta® Emerging Markets Equity ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index (the “Index”), which delivers exposure to equity securities of emerging market issuers. The Fund’s equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. Foreign and emerging markets investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic or political developments. Because the Fund may concentrate its investments in an industry or group of industries to the extent that the Index is concentrated, the Fund may be subject to greater risk of loss as a result of adverse economic, business or other developments affecting that industry or group of industries. The securities of mid- and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund effects creation and redemption transactions partially for cash, which means an investment in the Fund may be less tax-efficient than an investment in a conventional exchange-traded fund. The Fund is not actively managed, and therefore the Fund will not generally dispose of a security unless the security is removed from the Index. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund nor its investment adviser can guarantee the accuracy of the methodology’s assessment of included issuers. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors.

Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF

The Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index (the “Index”), which delivers exposure to equity securities of large-capitalization U.S. issuers. The Fund’s equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. Because the Fund may concentrate its investments in an industry or group of industries to the extent that the Index is concentrated, the Fund may be subject to greater risk of loss as a result of adverse economic, business or other developments affecting that industry or group of industries. The Fund is not actively managed, and therefore the Fund will not generally dispose of a security unless the security is removed from the Index. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund nor its investment adviser can guarantee the accuracy of the methodology’s assessment of included issuers. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors

Shares of each fund are not individually redeemable and are issued and redeemed by the Fund at their net asset value (“NAV”) only in large, specified blocks of shares called creation units. Shares otherwise can be bought and sold only through exchange trading at market price (not NAV). Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Each Fund is recently or newly organized and has limited or no operating history.

Investors can lose money by investing in the Funds. For additional risk considerations, please see the above disclosures.

Given each Fund’s investment objective of attempting to track its respective Index, the Funds do not follow traditional methods of active investment management, which may involve buying and selling securities based upon analysis of economic and market factors.

Please note that one may not invest directly into an index.

ALPS Distributors, Inc. is the distributor of the Goldman Sachs ETFs.

ADI is the distributor for SPDR S&P 500 ETF Trust (SPY).

SPDR S&P 500 ETF Trust (SPY) is a Unit Investment Trust (UIT).

ALPS Distributors, Inc. is unaffiliated with Goldman Sachs Asset Management.

Please consider a Fund's objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing. A summary prospectus, if available, or a Prospectus for the Fund containing more information may be obtained from your authorized dealer or from Goldman, Sachs & Co. by calling (1-800-621-2550).

Compliance code: 25801.OPU.GST167

Date of first use: 12/22/15

ALPS Control: GST 167 ED 12/22/2016

© 2015 Goldman Sachs. All rights reserved.

Contacts:

Media:
Andrew Williams, 212-902-5400
Hillary Yaffe, 212-279-3115

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