Goldman Sachs Asset Management (“GSAM”) today announced the expansion of its ActiveBeta® suite of exchange-traded funds (“ETFs”) with the launch of the Goldman Sachs ActiveBeta® Europe Equity ETF (Ticker: GSEU) and the Goldman Sachs ActiveBeta® Japan Equity ETF (Ticker: GSJY). The funds will provide additional developed equities exposure across the globe, tracking investment opportunities in Europe and Japan, respectively. GSEU and GSJY will seek to track GSAM’s proprietary Goldman Sachs ActiveBeta® Europe Equity Index and Goldman Sachs ActiveBeta® Japan Equity Index, respectively.

“The Goldman Sachs ActiveBeta® Europe Equity ETF and the Goldman Sachs ActiveBeta® Japan Equity ETF leverage our global expertise to deliver access to slices of the European and Japanese markets in a sophisticated yet cost-effective manner,” said Michael Crinieri, GSAM’s Global Head of ETF Strategies. “We see continued investor interest in our existing ActiveBeta® ETFs, and with the launch of GSEU and GSJY, we are even better equipped to deliver investors diversified core exposure to these key markets.”

The Goldman Sachs ActiveBeta® Europe Equity ETF and the Goldman Sachs ActiveBeta® Japan Equity ETF began trading on the NYSE Arca today, each with $25 million in assets, respectively. Both are priced competitively at a cost to investors of 25 basis points (“bps”), or 0.25%.

GSAM also announced it has agreed to waive a portion of its management fee for the Goldman Sachs ActiveBeta® International Equity ETF (Ticker: GSIE), so the total annual fund operating expenses (after fee waiver and expense limitation) have decreased to 25 bps from 35 bps, which is aligned with the pricing of these two new products.

“The expansion of our ActiveBeta® suite of ETFs demonstrates our commitment to providing ETF investors true diversification through multi-factor solutions across the globe,” said Gary Chropuvka, Head of Customized Beta Strategies within the Quantitative Investment Strategies team. “As investors continue to demand a shift away from traditional exposures, we continue to look for opportunities abroad. We have been following the European recovery story, which in our view may provide a growth opportunity for long-term investors, and despite recent volatility, we believe that Japanese equities may be able to offer value to the market. The additions of GSEU and GSJY to our lineup are the latest additions to the next generation of ETF investing.”

Since their launch, the funds have collectively grown to more than $1 billion in assets, as of March 2, 2016. In December 2015, Morningstar ETFInvestor named the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF one of two “Best New ETFs of 2015.”2

GSAM’s current ActiveBeta® ETF line-up is outlined below.

GSEU seeks to track the Goldman Sachs ActiveBeta® Europe Equity Index, which is constructed using a performance-seeking methodology. This index consisted of 391 securities from issuers across 15 developed market countries in Europe, as of March 2, 2016. GSJY seeks to track the Goldman Sachs ActiveBeta® Japan Equity Index, which is constructed using a performance-seeking methodology and consisted of 309 securities as of March 2, 2016.

Each index weights stocks based on four well-established attributes of performance:

1. Value — The index identifies stocks from companies that may be undervalued by the rest of the market. This can help investors to gain exposure to high potential stocks that others may have overlooked.

2. Momentum — The index identifies stocks with prices that have been growing. This allows investors to participate in market trends.

3. Quality — The index identifies stocks from companies that demonstrate sustainable profitability over time. This enables investors to gain exposure to companies with strong fundamentals and potential for consistent returns.

4. Low volatility — The index identifies stocks from companies that are expected to avoid extreme price swings. This aims to smooth out the ride, so investors can stay invested for the long term.

GSAM is dedicated to consistently providing unique and sophisticated investment solutions to clients.

GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which supervises $1.08 trillion in assets as of December 31, 20154. 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 After fee waiver and expense limitation.

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

3 Morningstar classifies an index fund as: A fund that tracks a particular index and attempts to match returns. While an index typically has a much larger portfolio than a fund, the fund's management may study the index's movements to develop a representative sampling, and match sectors proportionately. Source: Morningstar as of January 4, 2016.

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

ActiveBeta® ETFs use a preset investing strategy like traditional ETFs to keep costs competitive. “Strategic Beta” refers to quantitative index-based strategies. Source: Morningstar, as of December 31, 2015.

The Goldman Sachs ActiveBeta® Europe Equity ETF is priced at 25 basis points (bps) (after fee waiver and expense limitation). GSEU’s expense ratio is 51% lower cost than the Strategic Beta average in the Europe Stock ETF Morningstar Category and 43% lower than the Index Fund average in the category, as of February 21, 2016. The Goldman Sachs ActiveBeta® Japan Equity ETF is priced at 25 basis points (bps) (after fee waiver and expense limitation). GSJY’s expense ratio is 44% lower cost than the Strategic Beta average in the Japan Stock ETF Morningstar Category and 44% lower than the Index Fund average in the category, as of February 21, 2016. This is based on Morningstar’s definition of Strategic Beta as well as Morningstar’s definition of the Multi-factor Strategic Beta Attribute as of February 21, 2016. 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® Europe Equity ETF

The Goldman Sachs ActiveBeta® Europe Equity ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Europe Equity Index (the “Index”), which delivers exposure to equity securities of developed market issuers in Europe. 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. The Fund may invest heavily in investments in Europe and may be subject to greater losses than if it were less concentrated in Europe. 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® Japan Equity ETF

The Goldman Sachs ActiveBeta® Japan Equity ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Japan Equity Index (the “Index”), which delivers exposure to equity securities of Japanese 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 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 of its exposure to Japan, the Fund is subject to greater risk of loss as a result of adverse securities markets, exchange rates and social, political, regulatory or economic events which may occur in Japan. 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® 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.

The Goldman Sachs ActiveBeta® Japan Equity Index is designed to deliver exposure to equity securities of Japanese issuers.

The Goldman Sachs ActiveBeta® Europe Equity Index is designed to deliver exposure to equity securities of developed markets issuers in Europe.

The Goldman Sachs ActiveBeta® International Equity Index is designed to deliver exposure to equity securities of developed markets issuers outside the United States.

The Goldman Sachs ActiveBeta® Emerging Markets Equity Index is designed to deliver exposure to equity securities of emerging market issuers.

The Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index is designed to deliver exposure to equity securities of large capitalization U.S. issuers.

Each Index is constructed using the patented ActiveBeta® Portfolio Construction Methodology, which was developed to provide exposure to the “factors” (or characteristics) that are commonly tied to a stock’s outperformance relative to market returns. These factors include value (i.e., how attractively a stock is priced relative to its “fundamentals,” such as book value and free cash flow), momentum (i.e., whether a company’s share price is trending up or down), quality (i.e., profitability) and low volatility (i.e., a relatively low degree of fluctuation in a company’s share price over time). 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.

Diversification does not protect an investor from market risk and does not ensure a profit.

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

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: 32680-OUT-198779

Date of first use: 3/4/2016

ALPS Control: GST 190 ED 3/04/2017

© 2016 Goldman Sachs. All rights reserved.

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

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