Fund Description: Goldman Sachs JUST U.S. Large Cap Equity ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Goldman Sachs ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Goldman Sachs JUST U.S. Large Cap Equity ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the JUST U.S. Large Cap Diversified Index. INDEX DESCRIPTION: The JUST U.S. Large Cap Diversified Index is designed to deliver exposure to equity securities of large capitalization U.S. issuers that engage in just business behavior based on rankings produced by JUST Capital Foundation, Inc. (the Index Provider). The Index Provider publishes an annual ranking of issuers in the Russell 1000 Index (the Reference Index) based on their quantitative performance assessment of seven issue areas: how they treat their workers, their customers, the communities they interact with, the environment, and their shareholders, their commitment to making quality and beneficial products, and job creation. The Index is a market capitalization-weighted index that consists of the top-ranked 50% of companies in the Reference Index by industry, based on the most recent rankings by the Index Provider. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its index, in depositary receipts representing securities included in its index and in underlying stocks in respect of depositary receipts included in its index. The Fund seeks to invest in the Index components in approximately the same weighting that such components have within the Index at the applicable time. However, under various circumstances, it may not be possible or practicable to purchase all of the securities in the Index in the approximate Index weight. In these circumstances, the Fund may purchase a sample of securities in the Index. There may also be instances in which the Investment Adviser may choose to underweight or overweight a security in the Fund’s Index, purchase securities not in the Fund’s Index that the Investment Adviser believes are appropriate to substitute for certain securities in such Index or utilize various combinations of other available investment techniques. FUND MANAGEMENT: Goldman Sachs Asset Management, L.P. (GSAM) serves as the investment adviser for the Fund.