Goldman Sachs Activebeta Japan Equity Index

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Goldman Sachs ActiveBeta Japan Equity Index Hypothetical Weights Generated for 9/29/2021 24Sep21

The below Hypothetical Weights are shown for information purposes only and do not reflect the constituents of the Goldman Sachs ActiveBeta Japan Equity Index. The Hypothetical Weights are a hypothetical indication of what the weightings and constituents of the Goldman Sachs ActiveBeta Japan Equity Index would be if the Goldman Sachs ActiveBeta Japan Equity Index were rebalanced daily using current market data. These hypothetical weights do not reflect actual current or future changes to the Goldman Sachs ActiveBeta Japan Equity Index and the constituents at the next actual rebalance (typically quarterly) may differ substantially. Neither Goldman Sachs Asset Management, L.P. ("GSAM") nor any of its affiliates guarantees the quality, accuracy and/or the completeness of this information nor any data included therein or on which this information is based, and neither GSAM nor any of its affiliates shall be liable to any third party for any loss or damage, direct, indirect or consequential, arising from (i) any inaccuracy or incompleteness in, or delays, interruptions, errors or omissions in this information or any data included therein or on which any of this information is based or (ii) any decision made or action taken by any third party in reliance upon this information or any data.

Goldman Sachs ActiveBeta Japan Equity Index Hypothetical Weights for 9/29/2021 Name Weight ABC-MART 0.001649 ACOM CO 0.001369 ADVANTEST CORP 0.006650 AEON CO 0.004577 AGC 0.003191 AISIN CORP 0.003337 AJINOMOTO CO 0.003761 ANA HOLDINGS 0.000475 ASAHI GROUP HOLDINGS 0.004396 ASAHI INTECC CO 0.002231 ASAHI KASEI CORP 0.001856 ASTELLAS PHARMA 0.008868 AZBIL CORP 0.001959 BANDAI NAMCO HOLDINGS 0.003504 BRIDGESTONE CORP 0.005538 BROTHER INDUSTRIES 0.002913 CANON INC 0.006134 CAPCOM CO 0.002889 CASIO COMPUTER CO 0.000889 CENTRAL JAPAN RAILWAY CO 0.002016 CHIBA BANK 0.000456 CHUBU ELECTRIC POWER CO 0.009094 CHUGAI PHARMACEUTICAL CO 0.005375 CONCORDIA FINANCIAL GRP 0.000483 COSMOS PHARMACEUTICAL 0.001885 CYBER AGENT 0.003960 DAI ICHI LIFE HOLDINGS 0.006968 DAI NIPPON PRINTING CO 0.000880 DAIFUKU CO 0.000653 DAIICHI SANKYO CO 0.009136 DAIKIN INDUSTRIES 0.010524 DAITO TRUST CONSTRUCTION 0.003269 DAIWA HOUSE INDUSTRY 0.003778 DAIWA HOUSE REIT INV CO 0.002547 DAIWA SECURITIES GROUP 0.001827 DENSO CORP 0.005189 DENTSU GROUP 0.001726 DISCO CORP 0.002459 EAST JAPAN RAILWAY CO 0.002239 EISAI CO 0.004136 ENEOS HOLDINGS 0.002931 FANUC 0.005050 FAST RETAILING CO 0.007846 FUJI ELECTRIC CO 0.001509 FUJI FILM HOLDINGS CO 0.008933 FUJITSU 0.012215 GLP J REIT 0.002214 GMO PAYMENT GATEWAY 0.000550 HAKUHODO DY HOLDINGS 0.002595 HAMAMATSU PHOTONICS K.K 0.002478 HANKYU HANSHIN HOLDINGS 0.001294 HARMONIC DRIVE SYSTEMS 0.000271 HIKARI TSUSHIN 0.000994 HINO MOTORS 0.004129 HIROSE ELECTRIC CO 0.002267 HISAMITSU PHARMACEUTICAL 0.000677 HITACHI 0.011890 HITACHI CONST MACHINERY 0.000262 HITACHI METALS 0.001487 HONDA MOTOR CO 0.012669 HOSHIZAKI CORP 0.001029 HOYA CORP 0.012908 HULIC CO (NEW) 0.000543 IBIDEN CO 0.002012 IDEMITSU KOSAN CO 0.000878 IIDA GROUP HOLDINGS CO 0.007093 INPEX CORP 0.004030 ISUZU MOTORS 0.000447 ITO EN 0.002778 ITOCHU CORP 0.008518 ITOCHU TECHNO-SOLUTIONS 0.001903 JAPAN AIRLINES CO 0.000448 JAPAN EXCHANGE GROUP 0.003214 JAPAN METROPOLITAN FUND 0.002105

Generated: 9/24/2021 1 [refer to disclaimer on first page] Goldman Sachs ActiveBeta Japan Equity Index Hypothetical Weights Generated for 9/29/2021 24Sep21

Goldman Sachs ActiveBeta Japan Equity Index Hypothetical Weights for 9/29/2021 Name Weight JAPAN POST BANK CO 0.000831 JAPAN POST HOLDINGS CO 0.007021 JAPAN POST INSURANCE CO 0.005612 JAPAN REAL ESTATE INV 0.002165 JAPAN TOBACCO 0.004875 JFE HOLDINGS 0.001973 JSR CORP 0.003047 KAJIMA CORP 0.005986 KAKAKU.COM 0.002053 KANSAI ELECTRIC POWER CO 0.000689 KANSAI PAINT CO 0.000931 KAO CORP 0.006147 KDDI 0.013003 KEIO CORP 0.000546 KEISEI ELECTRIC RAILWAY 0.000534 KEYENCE CORP 0.023006 KIKKOMAN CORP 0.003429 KINTETSU GROUP HOLDINGS 0.000767 KIRIN HOLDINGS CO 0.003389 KOBAYASHI PHARMA CO 0.002010 KOBE BUSSAN CO 0.001001 KOEI TECMO HOLDINGS CO 0.001424 KOITO MANUFACTURING CO 0.000579 KOMATSU 0.002848 KONAMI HOLDINGS CORP 0.001701 KOSE CORPORATION 0.002312 KUBOTA CORP 0.002868 KURITA WATER INDUSTRIES 0.002476 KYOCERA CORP 0.003550 KYOWA KIRIN CO 0.002819 LASERTEC CORP 0.005715 LAWSON 0.002810 LION CORP 0.001725 LIXIL CORPORATION 0.003079 M3 0.006413 MAKITA CORP 0.001690 MARUBENI CORP 0.003387 MAZDA MOTOR CORP 0.004170 MCDONALD'S HLDGS CO JP 0.001596 MEDIPAL HOLDINGS CORP 0.001130 MEIJI HOLDINGS CO 0.002760 MERCARI INC 0.001262 MINEBEA MITSUMI 0.002631 MISUMI GROUP 0.003997 MITSUBISHI CHEMICAL HLDG 0.007572 MITSUBISHI CORP 0.011791 MITSUBISHI ELECTRIC CORP 0.004280 MITSUBISHI ESTATE CO 0.002504 MITSUBISHI GAS CHEMICAL 0.000514 MITSUBISHI HC CAPITAL 0.000674 MITSUBISHI HEAVY IND 0.000564 MITSUBISHI UFJ FIN GRP 0.012125 MITSUI & CO 0.010269 MITSUI CHEMICALS 0.002248 MITSUI FUDOSAN CO 0.002114 MIURA CO 0.001259 MIZUHO FINANCIAL GROUP 0.006354 MONOTARO CO 0.002483 MS&AD INSURANCE GROUP 0.002109 MURATA MANUFACTURING CO 0.010573 NABTESCO CORP 0.000510 NEC CORP 0.007196 NEXON CO 0.001609 NGK INSULATORS 0.000466 NH FOODS 0.001357 NIDEC CORP 0.008365 NIHON M&A CENTER 0.002577 NINTENDO CO 0.012496 NIPPON BUILDING FUND 0.001571 NIPPON EXPRESS CO 0.001255 NIPPON PAINT HOLDINGS CO 0.000300 NIPPON PROLOGIS REIT 0.001297 NIPPON SANSO HOLDINGS 0.001418 NIPPON SHINYAKU CO 0.001679

Generated: 9/24/2021 2 [refer to disclaimer on first page] Goldman Sachs ActiveBeta Japan Equity Index Hypothetical Weights Generated for 9/29/2021 24Sep21

Goldman Sachs ActiveBeta Japan Equity Index Hypothetical Weights for 9/29/2021 Name Weight NIPPON STEEL CORP 0.002652 NIPPON YUSEN K.K 0.006409 NISSAN CHEMICAL 0.002163 NISSAN MOTOR CO 0.004315 NISSHIN SEIFUN GROUP 0.001194 NISSIN FOODS HOLDINGS CO 0.002153 NITORI HOLDINGS CO 0.004058 NITTO DENKO CORP 0.002230 NOMURA HOLDINGS 0.001592 NOMURA REAL EST MF (NEW) 0.002504 NOMURA REAL ESTATE HLDG 0.001822 NOMURA RESEARCH INST 0.004278 NSK 0.000204 NTT CORP 0.011961 NTT DATA CORP 0.004385 OBAYASHI CORP 0.000809 OBIC CO 0.001826 ODAKYU ELECTRIC RAILWAY 0.000571 OJI HOLDINGS CORP 0.000548 OLYMPUS CORP 0.005005 OMRON CORP 0.005385 ONO PHARMACEUTICAL CO 0.002843 ORACLE CORP JAPAN 0.001688 ORIENTAL LAND CO 0.003021 ORIX CORP 0.003212 ORIX JREIT 0.001871 OSAKA GAS CO 0.001377 OTSUKA CORP 0.002354 OTSUKA HOLDINGS CO 0.004951 PAN PACIFIC INTL HLDGS 0.001985 PANASONIC CORP 0.009562 PEPTIDREAM 0.001184 PERSOL HOLDINGS CO 0.002248 PIGEON CORP 0.001464 POLA ORBIS HOLDINGS 0.001918 RAKUTEN GROUP 0.000491 RECRUIT HOLDINGS CO 0.016314 RENESAS ELECTRONICS CORP 0.003981 RESONA HOLDINGS 0.001109 RICOH CO 0.007608 RINNAI CORP 0.001328 ROHM CO 0.002171 RYOHIN KEIKAKU CO 0.002216 SANTEN PHARMACEUTICAL CO 0.001748 SBI HOLDINGS 0.001638 SCSK CORP 0.000674 SECOM CO 0.002112 SEIKO EPSON CORPORATION 0.002863 SEKISUI CHEMICAL CO 0.001922 SEKISUI HOUSE 0.001677 SEVEN & I HOLDINGS CO 0.008438 SG HOLDINGS CO 0.002222 SHARP CORP 0.000347 SHIMADZU CORP 0.003620 SHIMANO 0.004563 SHIMIZU CORP 0.000567 SHIN-ETSU CHEMICAL CO 0.010069 SHIONOGI & CO 0.003999 SHISEIDO CO 0.005399 SHIZUOKA BANK 0.000871 SMC CORP 0.005266 SOFTBANK CORP 0.009415 SOFTBANK GROUP CORP 0.013128 SOHGO SECURITY SVCS CO 0.000854 SOMPO HOLDINGS 0.004122 SONY GROUP CORP 0.028360 SQUARE ENIX HOLDINGS CO 0.002528 STANLEY ELECTRIC CO 0.000540 SUBARU CORPORATION 0.002114 SUMCO 0.002022 SUMITOMO CHEMICAL CO 0.008526 SUMITOMO CORP 0.008528 SUMITOMO DAINIPPON PHARM 0.002259 SUMITOMO ELECTRIC IND 0.001068

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Goldman Sachs ActiveBeta Japan Equity Index Hypothetical Weights for 9/29/2021 Name Weight SUMITOMO METAL MINING CO 0.000841 SUMITOMO MITSUI FINL GRP 0.008731 SUMITOMO MITSUI TRUST 0.001980 SUMITOMO REALTY & DEV CO 0.001166 SUNTORY BEVERAGE & FOOD 0.003048 SUZUKI MOTOR CORP 0.002023 SYSMEX CORP 0.005182 T&D HOLDINGS 0.000987 TAISEI CORP 0.000768 TAISHO PHARM HOLDINGS CO 0.001361 TAKEDA PHARMACEUTICAL 0.010603 TDK CORP 0.002295 TERUMO CORP 0.004816 THK CO 0.000263 TIS 0.001898 TOBU RAILWAY CO 0.000988 TOHO CO 0.001252 TOHO GAS CO 0.001390 TOHOKU ELECTRIC POWER CO 0.000797 TOKIO MARINE HOLDINGS 0.004835 TOKYO CENTURY CORP 0.000240 TOKYO ELECTRON 0.017283 TOKYO GAS CO 0.002659 TOKYU CORP 0.001162 TOPPAN 0.000692 TORAY INDUSTRIES 0.001643 TOSHIBA CORP 0.002996 TOSOH CORP 0.000521 TOTO 0.002022 TOYO SUISAN KAISHA 0.002239 TOYOTA INDUSTRIES CORP 0.003315 TOYOTA MOTOR CORP 0.034678 TOYOTA TSUSHO 0.003158 TREND MICRO 0.002505 TSURUHA HOLDINGS 0.003018 UNI-CHARM CORP 0.003714 UNITED URBAN INVESTMENT 0.002238 USS CO 0.000871 WELCIA HOLDINGS CO 0.003214 WEST JAPAN RAILWAY CO 0.000948 YAKULT HONSHA CO 0.001439 YAMADA HOLDINGS CO 0.007993 YAMAHA CORP 0.001698 YAMAHA MOTOR CO 0.002156 YAMATO HOLDINGS CO 0.003686 YASKAWA ELECTRIC CORP 0.002549 YOKOGAWA ELECTRIC CORP 0.001510 Z HOLDINGS CORP 0.002409 ZOZO 0.003234

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GOLDMAN SACHS ASSET MANAGEMENT, L.P., THE GOLDMAN SACHS GROUP, INC., AND GOLDMAN, SACHS & CO. (collectively, "GOLDMAN SACHS") DOES NOT GUARANTEE NOR MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE OWNERS OR SHAREHOLDERS OF THE FUND OR ANY MEMBER OF THE PUBLIC REGARDING THE ADVISABILITY OF INVESTING IN SECURITIES GENERALLY OR IN THE FUND PARTICULARLY OR THE ABILITY OF THE INDEX OR THE ABOVE HYPOTHETICAL WEIGHTS TO TRACK GENERAL MARKET PERFORMANCE. GOLDMAN SACHS, IN ITS CAPACITY AS THE INDEX PROVIDER OF THE INDEX, LICENSES CERTAIN TRADEMARKS AND TRADE NAMES TO THE FUND. GOLDMAN SACHS HAS NO OBLIGATION TO TAKE THE NEEDS OF THE FUND OR THE SHAREHOLDERS OF THE FUND INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE INDEX OR THE ABOVE HYPOTHETICAL WEIGHTS. GOLDMAN SACHS OR ANY OF ITS AFFILIATES MAY HOLD LONG OR SHORT POSITIONS IN SECURITIES HELD BY THE FUND OR IN RELATED DERIVATIVES. GOLDMAN SACHS DOES NOT GUARANTEE THE ADEQUACY, TIMELINESS, ACCURACY AND/OR THE COMPLETENESS OF THE INDEX, THE ABOVE HYPOTHETICAL WEIGHTS OR ANY DATA RELATED THERETO. GOLDMAN SACHS HEREBY EXPRESSLY DISCLAIM ANY AND ALL LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN OR IN THE CALCULATION THEREOF. GOLDMAN SACHS MAKES NO WARRANTY, EXPRESS OR IMPLIED, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MARKS, THE INDEX, THE ABOVE HYPOTHETICAL WEIGHTS OR ANY DATA INCLUDED THEREIN AS TO THE RESULTS TO BE OBTAINED BY THE FUND, THE SHAREHOLDERS, OR ANY OTHER PERSON OR ENTITY FROM USE OF THE INDEX, THE ABOVE HYPOTHETICAL WEIGHTS OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING GOLDMAN SACHS HEREBY EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. The Goldman Sachs ActiveBeta Equity Indexes are owned by Goldman Sachs Asset Management (the Index Sponsor) and were developed to capture the performance of diversified exposure to the equity common factors: value, momentum, volatility, and quality. ActiveBeta is a registered trademark of GSAM in the United States, Europe, and Japan. Smart Momentum and Smart Value are registered trademarks of GSAM in the United States. 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). THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO. 2015 Goldman Sachs. All rights reserved. Date of First Use: 14 September 2015 Compliance Code: 169278.OTHER.MED.TMPL/9/2015

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