GS US Small Cap Equity Portfolio R/  LU1829251013  /

The Portfolio will mostly hold shares or similar instruments relating to US companies which have a market capitalisation smaller than that of the company with the largest market capital value in the Russell 2000 index at the time the investment is made. Such companies are either based in or earn most of their profits or revenues from the US. The Portfolio will not invest more than 33% of its assets in shares or similar instruments of other companies or in bonds issued by corporate or government entities, convertibles (securities that can be converted into other types of securities), money market instruments and non-share related instruments. The Portfolio may use derivative instruments for efficient portfolio management purposes, to help manage risks and for investment purposes in order to seek to increase return. A derivative instrument is a contract between two or more parties whose value depends on the rise and fall of other underlying assets.

The Portfolio will mostly hold shares or similar instruments relating to US companies which have a market capitalisation smaller than that of the company with the largest market capital value in the Russell 2000 index at the time the investment is made. Such companies are either based in or earn most of their profits or revenues from the US. The Portfolio will not invest more than 33% of its assets in shares or similar instruments of other companies or in bonds issued by corporate or government entities, convertibles (securities that can be converted into other types of securities), money market instruments and non-share related instruments.