GVIP | Goldman Sachs Hedge Industry VIP ETF

GVIP ISSUER

The Goldman Sachs Fund Complex, issuer of the GVIP fund, aims to achieve its investment objective by primarily investing in securities from its underlying index, alongside depositary receipts representing these securities and underlying stocks related to the receipts. This index, provided by Goldman Sachs Asset Management, L.P., focuses on delivering exposure to equity securities that significantly impact the long portfolios of hedge funds, as determined by their fundamental analysis-based investment selections. The index's construction relies on quarterly 13F filings by U.S. hedge fund managers, with approximately 50 stocks frequently appearing among their top 10 holdings becoming index constituents. Reconstitution and rebalancing occur quarterly, with constituents being equally dollar-weighted. Despite tracking this index, the fund doesn't employ traditional active management strategies but rather aims to mirror the index's performance closely. It's notable that the fund doesn't mimic hedge funds or their strategies and can concentrate investments in specific industries akin to the index's composition. Furthermore, while the fund seeks to align with the index's weightings, it may deviate under certain circumstances, including the purchase of a sample of securities or the use of other investment techniques. Importantly, the fund explicitly states that it's not a hedge fund and does not invest in hedge funds.

GVIP DIVIDEND

GVIP Dividend, as part of the Goldman Sachs Fund Complex, operates with a focus on delivering returns through dividends. The fund's investment strategy revolves around seeking income from dividend-paying securities while also considering capital appreciation. It invests in a diversified portfolio of dividend-paying stocks, aiming to capture the potential for dividend growth and stability. Managed by Goldman Sachs Asset Management, L.P., GVIP Dividend aligns with the broader objectives of the fund complex, utilizing a disciplined approach to security selection and risk management. By targeting companies with a history of consistent dividend payments and potential for future growth, GVIP Dividend offers investors an opportunity for regular income generation while also participating in the potential appreciation of underlying assets.

GVIP TRACKING

GVIP Tracking, a component of the Goldman Sachs Fund Complex, is designed to closely follow the performance of its underlying index. Managed by Goldman Sachs Asset Management, L.P., GVIP Tracking employs a passive investment strategy, aiming to replicate the returns of its designated index rather than actively selecting securities. The fund invests at least 80% of its assets in securities included in the index, along with depositary receipts representing these securities and underlying stocks associated with the receipts. Rebalancing occurs quarterly based on information derived from hedge fund managers' quarterly 13F filings with the Securities and Exchange Commission. While GVIP Tracking strives to mirror the index's composition and weightings, deviations may occur due to practical constraints or the utilization of sampling techniques. By maintaining a high correlation with its benchmark index, GVIP Tracking offers investors a transparent and cost-effective means of gaining exposure to a specific market segment's performance.

GVIP CORRELATION

GVIP Correlation, part of the Goldman Sachs Fund Complex, focuses on maintaining a strong correlation with its designated benchmark index. Managed by Goldman Sachs Asset Management, L.P., GVIP Correlation employs a strategic approach to ensure its investment portfolio closely tracks the movements of the index it aims to replicate. The fund primarily invests in securities included in the index, alongside depositary receipts representing these securities and underlying stocks related to the receipts. Reconstitution and rebalancing are conducted quarterly based on publicly available information from hedge fund managers' 13F filings with the Securities and Exchange Commission. While GVIP Correlation seeks to align its holdings with those of the index, variations may occur due to practical considerations or the utilization of sampling techniques. By prioritizing correlation with its benchmark, GVIP Correlation offers investors the potential to achieve investment returns closely tied to the performance of the targeted market segment, thereby providing a reliable tool for portfolio diversification and risk management.

GVIP SECTOR

GVIP Sector, an integral component of the Goldman Sachs Fund Complex, is dedicated to strategic sector investing. Managed by Goldman Sachs Asset Management, L.P., GVIP Sector employs a focused approach to capitalize on opportunities within specific industries or sectors. The fund aims to achieve its investment objectives by allocating its assets to sectors poised for growth or demonstrating favorable market conditions, as identified through rigorous research and analysis. By targeting sectors with promising outlooks, GVIP Sector seeks to enhance potential returns while effectively managing risks. Rebalancing occurs periodically to adapt to evolving market dynamics and to ensure alignment with the fund's sector-focused investment strategy. By providing exposure to targeted sectors, GVIP Sector offers investors the opportunity to diversify their portfolios and potentially benefit from sector-specific growth opportunities.

GVIP EXPOSURE

GVIP Exposure, a crucial element within the Goldman Sachs Fund Complex, is dedicated to providing investors with strategic exposure to various asset classes and market segments. Managed by Goldman Sachs Asset Management, L.P., GVIP Exposure employs a dynamic investment approach that seeks to capitalize on opportunities across different asset classes, including equities, fixed income, and alternative investments. The fund aims to achieve its investment objectives by allocating its assets strategically among these asset classes based on market conditions, economic outlook, and risk considerations. Rebalancing occurs regularly to maintain the desired exposure levels and adapt to changing market dynamics. By offering diversified exposure to multiple asset classes within a single investment vehicle, GVIP Exposure aims to help investors achieve their long-term investment goals while effectively managing risk.