Every indexed document

the sales charge would reduce the mutual fund’s performance.

estimated income figures and estimated private equity future cash flows are estimates of future activity

and does not include private equity positions. Performance for alternative investments is calculated using the

or asset classification schema information

a copy of the GIR Report used for GIR forecasts is available upon request.

and should not be taken as an indication or

we may also reflect certain investments unrelated to services provided by GS

or serve as a director of any companies mentioned herein. In addition

may from time to time have long or short positions in

“rolling”) and disparities between near term future prices and long term future prices for the underlying

which can cause losses to your investment. Commodities futures-linked ETFs may perform differently than the spot price for the commodity itself

ETFs can trade at a discount or premium to the net asset value and are not directly redeemable by the fund. Leveraged or inverse ETFs

as they contain this and other relevant information. You may

and for each investment you should consider 1) the possibility that at expiration you may be forced to own the reference asset at a depressed price; 2) limits on the ability to

involve risk and are not suitable for all investors. Investors in structured investments assume the credit risk of the issuer or

such as sensitivities to temporary or permanent reductions in property values for the

such as spreads. Supporting documentation for any comparisons

investors in securities such as ADRs/GDRs

and such tax treatment could be disadvantageous to certain types of retirement accounts or charitable entities.

and the small size of the securities markets in such countries coupled with a low volume of trading