Goldman Sachs Short Duration Opportunistic Corporate Bond Portfolio Class P Shares/  LU0727290305  /

The Portfolio seeks to provide income and capital growth over the longer term. The Portfolio will mostly invest in fixed income securities of companies anywhere in the world. The Portfolio will have an average duration of 3.5 years or less. The Portfolio will not invest more than 33% of its assets in other securities and instruments. Additionally, it will not invest more than 25% in convertibles (securities that can be converted into other types of securities). The Portfolio may invest up to one-tenth of its assets in equity or equity related securities. The Portfolio promotes environmental and/or social characteristics, however, does not commit to making any sustainable investments.

The Portfolio seeks to provide income and capital growth over the longer term.