Goldman Sachs Asset Management Announces Liquidation of Two Exchange-Traded Funds

NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management (“GSAM”), the investment adviser for the Goldman Sachs Access Municipal Bond ETF and Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (each, a “Fund” and together, the “Funds”), announced today that the Funds’ Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation for each Fund (collectively, the “Plans”). Under the Plans, which are effective today, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval.

Shareholders of the Funds may sell their shares on the Funds’ listing exchange, NYSE Arca, Inc. (“NYSE Arca”), until market close on June 3, 2026, and may incur transaction fees from their broker-dealer. The Funds’ shares will no longer trade on NYSE Arca after market close on June 3, 2026, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of a Fund on the Funds’ liquidation date, which is expected to be on or about June 10, 2026, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value (“NAV”) of their shares. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. The Funds will stop accepting creation orders from Authorized Participants on June 3, 2026.

About Goldman Sachs Asset Management

GSAM is the primary investing area within Goldman Sachs, delivering investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. GSAM is a leading investor across fixed income, liquidity, equity, alternatives, and multi-asset solutions. Goldman Sachs oversees approximately $3.7 trillion in assets under supervision as of March 31, 2026.¹ Follow us on LinkedIn.

The Goldman Sachs Access Municipal Bond ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Municipal 1-17 Year ex AMT Index (the “Index”), which is designed to measure the performance of the municipal securities market with remaining maturities between one and seventeen years. The Fund may be more sensitive to adverse economic, business or political developments if it invests a substantial portion of its assets in bonds of similar projects or in particular types of municipal securities. The Fund’s investments are subject to the risks associated with debt securities generally, including credit, liquidity and interest rate. 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 Fund’s 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, governments or countries and/or general economic conditions in the U.S. or throughout the world. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund, the index provider nor the investment adviser can guarantee the accuracy of the methodology’s assessment of issuers or valuation of securities or the availability or timeliness of the production of the Index. The Fund may invest in non-investment grade fixed income securities, which involve greater price volatility and present greater risks than higher rated fixed income securities. Because the Fund may invest a large percentage of its assets in particular states and sectors, the Fund is subject to greater risk of loss as a result of adverse economic, business or other developments affecting those states and sectors than if its investments were not so focused. The Fund may invest in bonds whose income may be subject to the federal alternative minimum tax. The Fund may be adversely impacted by changes in tax rates and policies, and is not suited for IRAs or other tax-exempt or deferred accounts. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors.

The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (the “Fund”) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index (the “Index”), which is designed to measure the performance of investment grade, corporate bonds denominated in U.S. dollars with remaining maturities between one and five years that meet certain liquidity and fundamental screening criteria. The Fund’s investments are subject to the risks associated with debt securities generally, including credit, liquidity, interest rate, call and extension risk. 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. Investments in foreign issuers may be more volatile and less liquid than investments in securities of U.S. issuers and are subject to the risks of currency fluctuations and adverse economic, social or political developments, including sanctions, counter-sanctions and other retaliatory actions. 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 Fund’s investments are also 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 or governments and/or general economic conditions. The Index calculation methodology may rely on information based on assumptions and estimates and neither the Fund, the index provider nor the investment adviser can guarantee the accuracy of the methodology’s valuation of securities or the availability or timeliness of the production of the Index. Performance may vary substantially from the performance of the Index as a result of transaction costs, expenses and other factors.

Fund shares are not individually redeemable and are issued and redeemed by a Fund at their 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.

A summary prospectus, if available, or a Prospectus for each Fund containing more information may be obtained from your authorized dealer or from Goldman Sachs & Co. LLC by calling 1-800-621-2550. Please consider a Fund's objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing. The summary prospectus, if available, and the Prospectus contains this and other information about the Funds.

The Investment Company Act of 1940 (the “Act”) imposes certain limits on investment companies purchasing or acquiring any security issued by another registered investment company. For these purposes the definition of “investment company” includes funds that are unregistered because they are excepted from the definition of investment company by sections 3(c)(1) and 3(c)(7) of the Act. You should consult your legal counsel for more information.

Goldman Sachs does not provide accounting, tax or legal advice.

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

ALPS Control: GST 3639

Compliance Code: 506079-OTU-2519504

Date of first use: 4/23/2026

¹ Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.