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Goldman Sachs announces simplified pricing structure for ActiveBeta ETFs


Goldman Sachs Asset Management (GSAM) has implemented changes to its fee and fee waiver arrangements for its ActiveBeta Exchange-Traded Funds (ETFs). 

Effective 1 May , 2016, a unitary management fee structure, together with a reduction in the management fee rate, will be implemented for the Goldman Sachs ActiveBeta ETFs. Under the unitary fee structure, Goldman Sachs Asset Management (GSAM) will be responsible for paying substantially all the expenses of each Fund. The total annual Fund operating expenses are as follows: Goldman Sachs ActiveBeta US Large Cap Equity ETF (GSLC), 0.09%; Goldman Sachs ActiveBeta Europe Equity ETF (GSEU), 0.25%; Goldman Sachs ActiveBeta International Equity ETF (GSIE), 0.25%; Goldman Sachs ActiveBeta Japan Equity ETF (GSJY), 0.25%.

Additionally, the current expense limitation arrangement for the Goldman Sachs ActiveBeta Emerging Markets Equity ETF (Ticker: GEM) will be made permanent. Under this arrangement, the Fund’s expenses are capped, subject to certain exclusions, at 0.45%. Effective 1 May, 2016, GSAM may not terminate this arrangement without the approval of the Board of Trustees of the Goldman Sachs ETF Trust.

These moves, approved by the Board of Trustees of the Goldman Sachs ETF Trust, are intended to benefit current and future shareholders by reinforcing our effort to continue offering advanced investment solutions at a competitive price point.

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