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    EXPLORE SOCIAL BONDS

    What are Social Bonds?
     

    Social bonds are fixed income securities whose proceeds are earmarked to finance or re-finance new and existing social impact projects, especially for identified target populations such as low-income groups, unemployed, or otherwise vulnerable.

     

    Social bonds have financial characteristics similar to those of conventional bonds—such as a range of maturities, credit quality, and the same credit profile as traditional bonds from the same issuer.

     

    As an important source of financing for the transition to a more inclusive economy, social bonds can complement investors’ fixed income portfolios.

     

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    Download the Goldman Sachs Asset Management Social Bonds Survey

    The Social Bonds Survey by Goldman Sachs Asset Management incorporates the views of 722 professional investors across 14 European countries to gauge their interest in social bonds and the benefits and barriers they see to investing.

     

     

     

    Discover: Social Bonds Survey

    Learn more about social bonds and market insights.

    Learn More about Our Social Bond Offering

    We actively manage with a focus on bond selection. We combine the analysis on specific bond issuers with a broader market analysis to construct the optimal portfolio. As issuer-specific risk is an important driver of performance, we subject all issuers in the investable universe to an in-depth analysis of business and financial risk.

     

     

    The fund mainly invests in a portfolio of social bonds and money market instruments, with a rating of AAA to BBB-, mainly denominated in Euro. The fund may also invest in sustainability bonds that allocate at least half of the proceeds to projects that aim to provide social benefits.

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    There is no guarantee that objectives will be met.

    This material is provided for educational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities.

    Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Goldman Sachs Asset Management to buy, sell, or hold any security. Views and opinions are current as of the date of this presentation and may be subject to change, they should not be construed as investment advice.

    Environmental, Social and Governance (“ESG”) strategies may take risks or eliminate exposures found in other strategies or broad market benchmarks that may cause performance to diverge from the performance of these other strategies or market benchmarks. ESG strategies will be subject to the risks associated with their underlying investments’ asset classes. Further, the demand within certain markets or sectors that an ESG strategy targets may not develop as forecasted or may develop more slowly than anticipated.

    Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. These forecasts do not take into account the specific investment objectives, restrictions, tax and financial situation or other needs of any specific client. Actual data will vary and may not be reflected here. These forecasts are subject to high levels of uncertainty that may affect actual performance. Accordingly, these forecasts should be viewed as merely representative of a broad range of possible outcomes. These forecasts are estimated, based on assumptions, and are subject to significant revision and may change materially as economic and market conditions change. Goldman Sachs has no obligation to provide updates or changes to these forecasts. Case studies and examples are for illustrative purposes only.

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    Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant.

    Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.

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