The Goldman Sachs ActiveBeta® International Equity Index (“the Index”) is designed to deliver exposure to equity securities of developed market issuers outside of the United States. The Index seeks to capture common sources of active equity returns, including value (i.e., how attractively a stock is priced relative to its “fundamentals”, such as book value or free cash flow), momentum (i.e., whether a company’s share price is trending up or down), quality (i.e., profitability) and volatility (i.e., the degree of variability of a company’s share price over time). The Index is reconstituted and rebalanced quarterly. It is not possible to invest directly in an unmanaged index.

The MSCI World ex USA Index captures large and mid cap representation across 22 of 23 Developed Markets DM countries. It is not possible to invest directly in an unmanaged index.

The returns represent past performance. The Fund’s investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Past performance does not guarantee future results, which may vary. Please visit our Web site at: www.GSAMFUNDS.com/ETFs to obtain the most recent month-end returns.

Performance reflects cumulative total returns for periods of less than one year and average annual total returns for periods of greater than one year. Since inception returns for periods of less than one year are cumulative. All Fund performance data reflect the reinvestment of distributions.

Total returns are calculated assuming purchase of a share at the market price or NAV on the first day and sale of a share at the market price or NAV on the last day of each period reported. Dividends and distributions, if any, are assumed, for purposes of this calculation, to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. The Total Returns Based on NAV and Market Price does not reflect brokerage commissions or sales charges in connection with the purchase or sale of Fund shares, which if included would lower the performance shown above. The NAV used in the Total Return calculation assumes all management fees and operating expenses incurred by the Fund. Operating expenses include custody, accounting and administrative services, professional fees, transfer agency fees, registration, printing and mailing costs and Trustee fees. Total returns for periods less than one full year are not annualized.

The expense ratios of the Fund, both current (net of any fee waivers or expense limitations) and before waivers (gross of any fee waivers or expense limitations) are as set forth above. Pursuant to a contractual arrangement, the Fund’s waivers and/or expense limitations will remain in place through at least September 14, 2016, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Fund’s Board of Trustees.

Net Asset Value is the market value of one share of the Fund. This amount is derived by dividing the total value of all the securities in the fund’s portfolio, less any liabilities, by the number of fund shares outstanding.

The NAV used in the Total Return calculation assumes all management fees and operating expenses incurred by the Fund. Market Price returns are based upon the midpoint of the bid/ask spread (last trade) at 4:00pm EST and do not reflect the returns you would receive if you traded shares at other times. The first day of secondary market trading is typically several days after the fund inception of investment operations date; therefore, the NAV of the Fund is used as a proxy for the period from inception of investment operations to the first day of secondary market trading to calculate the Market Price returns.

[2]As of April 8, 2016. Please note that the fund managers of the Goldman Sachs ActiveBeta® ETFs are Raj Garigipati and Jamie McGregor. Please refer to the Prospectus for further information.

Fund shares 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.

[1]The rates of return are hypothetical and do not represent the returns of any particular investment. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. Fund holdings and allocations may not include the Fund’s entire investment portfolio, which may change at any time. Fund holdings should not be relied on in making investment decisions and should not be construed as research or investment advice regarding particular securities. Current and future holdings are subject to risk. Percentages may not sum to 100% due to rounding.

Diversification does not protect an investor from market risk and does not ensure a profit. We note that neither ActiveBeta nor Traditional ETFs are riskless investments, so investors can lose money. For additional risk considerations, please see the disclosures at the end of this document.

ActiveBeta® ETFs use a preset investing strategy like traditional ETFs to keep costs competitive. “Smart beta” refers to quantitative index-based strategies. Source: Morningstar, as of June 30, 2015. The fee for the largest ETF by AUM, the SPDR S&P 500 ETF Trust (SPY), and the Goldman Sachs ActiveBeta® US Large Cap Equity ETF is 9 bps. 38 bps is the average fund fee for the Morningstar US ETF Large Blend Strategic Beta and 36 bps is the average fund fee in the Morningstar US ETF Large Blend Index.

The 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 the Fund’s investment objective of attempting to track its Index, the Fund does not follow traditional methods of active investment management, which may involve buying and selling securities based upon analysis of economic and market factors.

The Indexes are trademarks of Goldman Sachs Asset Management, L.P. and have been licensed for use by Goldman Sachs ETF Trust. Goldman Sachs Asset Management, L.P., the Goldman Sachs Group, Inc., and Goldman, Sachs & Co. (collectively, “Goldman Sachs”) does not guarantee nor make any representation or warranty, express or implied, to the owners or shareholders of the fund or any member of the public regarding the advisability of investing in securities generally or in the fund particularly or the ability of the index to track general market performance. Goldman Sachs, in its capacity as the index provider of the index, licenses certain trademarks and trade names to the fund. Goldman Sachs has no obligation to take the needs of the fund or the shareholders of the fund into consideration in determining, composing or calculating the index. Goldman Sachs or any of its affiliates may hold long or short positions in securities held by the fund or in related derivatives Goldman Sachs does not guarantee the adequacy, timeliness, accuracy and/or the completeness of the index or any data related thereto. Goldman Sachs hereby expressly disclaims any and all liability for any errors, omissions, or interruptions therein or in the calculation thereof. Goldman Sachs makes no warranty, express or implied, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the marks, the index or any data included therein as to the results to be obtained by the fund, the shareholders, or any other person or entity from use of the index or any data included therein. Without limiting any of the foregoing, Goldman Sachs hereby expressly disclaims any and all liability for any special, punitive, indirect, or consequential damages (including lost profits), even if advised of the possibility of and such damages.

The Funds are newly organized and do not have an operating history.

Exchange-Traded Funds are subject to risks similar to those of stocks. Investment returns may fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed, or sold, may be worth more or less than their original cost. ETFs may yield investment results that, before expenses, generally correspond to the price and yield of a particular index. There is no assurance that the price and yield performance of the index can be fully matched.

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. 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 Fund.

Basis points (bps) are equal to .01% (or 1/100th) of a percent.

Book value is the value of a company’s total assets minus total liabilities as they appear on a balance sheet.

Free cash flow is a measure of financial performance that measures a company’s total cash after paying business expenses.

Goldman Sachs does not provide legal, tax or accounting advice to its clients. All investors are strongly urged to consult with their legal, tax, or accounting advisors regarding any potential transactions or investments. There is no assurance that the tax status or treatment of a proposed transaction or investment will continue in the future. Tax treatment or status may be changed by law or government action in the future or on a retroactive basis.

Investments in foreign securities entail special risks such as currency, political, economic, and market risks. These risks are heightened in emerging markets.

Morningstar US ETF Large -blend Index: Morningstar classifies Largeblend portfolios are fairly representative of the overall U.S. stock market in size, growth rates, and price. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of U.S. industries, and owing to their broad exposure, the portfolios’ returns are often similar to those of the S&P 500 Index. Category Group Index: S&P 500 TR Category Index: Russell 1000 TR USD. Please note that one cannot invest directly into an index.

Morningstar classifies Strategic Beta—widely referred to as “smart beta”—as referring broadly to a growing group of indexes and the exchange-traded products and other funds and investment products that track them. Please refer to the full definitions and parameters at: http://corporate.morningstar.com/US/documents/Indexes/Strategic-Beta-Landscape.pdf.

The website links provided are for your convenience only and are not an endorsement or recommendation by GSAM of any of these websites or the products or services offered. GSAM is not responsible for the accuracy and validity of the content of these websites.

ActiveBeta® is a registered trademark of GSAM.

ALPS Distributors, Inc. is the distributor for SPDR S&P 500 ETF Trust (SPY).

ALPS Distributors, Inc. is the distributor of the Goldman Sachs ETF Funds. ALPS Distributors, Inc. is unaffiliated with Goldman Sachs Asset Management.

Ordinary brokerage commissions apply. Brokerage commissions will reduce returns.

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).