GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF ETF

The investment seeks to provide current income with preservation of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (Net Assets) in a broad range of U.S. dollar denominated bonds. It will concentrate its investments in the financial services group of industries. Under normal circumstances, the fund's effective duration is expected to be one year or less.