Goldman Sachs Asset Management Announces "R&I Fund Award 2026" Win

Goldman Sachs Asset Management is pleased to announce that its netWIN GS Technology Stock Fund B Course has received the R&I Fund Award 2026, selected by Rating and Investment Information, Inc. (R&I), for the fourth consecutive year.

Goldman Sachs Asset Management will take this award as encouragement and continue to make further efforts to help our clients build their assets. We appreciate your continued patronage.

netWIN GS Technology Stock Fund B Course (unhedged against currency fluctuations)

Category: Investment Trust 20-Year / North American Equity Growth

Award: Excellence Award

Details of the fund can be found here.

Since its establishment in 1996, Goldman Sachs Asset Management Co., Ltd. has provided various asset management services across a wide range of global asset classes, including domestic and international equities, bonds, foreign exchange, as well as alternative investments such as real estate and hedge funds. As the investment management division of the Goldman Sachs Group, Goldman Sachs Asset Management, which operates globally, utilizes its extensive expertise backed by a long track record, a global network, the latest investment technology, and global research capabilities to provide asset management services to individual investors, institutional investors, and government agencies worldwide.

R&I Fund Award

The "R&I Fund Award" aims to provide reference information based on past data that R&I deems reliable (however, R&I does not guarantee its accuracy and completeness), and does not recommend the purchase, sale, or holding of specific products, nor does it guarantee future performance. This award is not a credit rating business, but rather other business (business other than credit rating business and business other than related business) as stipulated in Article 299, Paragraph 1, Item 28 of the Cabinet Office Ordinance on Financial Instruments Business, etc. Regarding this business, measures are legally required to prevent undue influence on credit rating activities. All intellectual property rights, including copyrights, related to this award belong to R&I, and unauthorized reproduction or reprinting is prohibited.

Overview of the R&I Fund Award

The "Investment Trust Category" covers a selection period of the past 3 years, the "Investment Trust 10-Year Category" covers the past 10 years, and the "Investment Trust 20-Year Category" covers the past 20 years. The selection is based on rankings by Sharpe Ratio*1, with consideration given to maximum drawdown*2, period until redemption date, and fund size. Eligible funds are publicly offered domestic open-end equity investment trusts, excluding those exclusively for defined contribution pensions and SMA/wrap accounts. The evaluation reference date is March 31, 2026.

*1 Sharpe Ratio is the excess return of a fund over a short-term fixed-income product divided by the standard deviation (risk) of its return. It indicates the excess return per unit of risk.

*2 Drawdown refers to the percentage decline from the maximum asset value, and the maximum value of these drawdowns is called the maximum drawdown.

The above evaluation is the result of analyzing certain past information and does not imply or guarantee future investment performance.

Investment Risks and Fees of This Fund

Investment Risks

Investment trusts invest in securities with fluctuating prices (foreign securities also have exchange rate risks), so the net asset value fluctuates. Therefore, investors' principal is not guaranteed, and they may incur losses and their principal may fall below the initial investment due to a decline in the net asset value. Also, investment trusts are different from deposits. All profits and losses generated in the trust assets belong to the investors. The main fluctuation factors for this fund are stock investment risk (price fluctuation risk, credit risk) and foreign exchange fluctuation risk. Please refer to the "Investment Risks" section of the investment trust prospectus (delivery prospectus) for details.

Fees related to this fund

● Fees directly borne by investors

Purchase fee: Up to 3.3% (3% excluding tax)

Trust asset retention amount: None

● Fees indirectly borne by investors through trust assets

Management fee (trust remuneration): Up to 2.09% per annum (1.9% excluding tax)

* The management fee is calculated daily and reflected in the fund's net asset value. It is paid from the trust assets at the end of each accounting period or at the termination of the trust.

Miscellaneous trust administration expenses: Miscellaneous trust administration expenses, such as audit fees paid to auditing firms for fund audits and printing costs, are calculated daily at a fixed rate up to 0.05% of the total net assets of the trust assets and are paid from the trust assets at the end of each accounting period or at the termination of the trust.

Other fees and charges: In addition to the above, there are fees that you will bear depending on the holding period, etc. Please check the investment trust prospectus (delivery prospectus), etc., for details.