Articles from Goldman Sachs Asset Management

Goldman Sachs Asset Management (“GSAM”), the investment adviser for the Goldman Sachs U.S. Large Cap Buffer 1 ETF, Goldman Sachs U.S. Large Cap Buffer 2 ETF and Goldman Sachs U.S. Large Cap Buffer 3 ETF (each, a “Fund” and collectively, the “Funds”), announced today that the Funds’ Board of Trustees (the “Board”), at the recommendation of GSAM, has approved a plan of liquidation for each Fund (collectively, the “Plans”). GSAM sought Board approval of the liquidations following the announcement that Goldman Sachs Group, Inc. entered into an agreement to acquire Innovator Capital Management, a pioneer in the Defined Outcome space offering several similar products. Under the Plans, which are effective today, at the conclusion of each Fund’s final three-month Outcome Period ending on the dates specified below, a Fund will not start a new Outcome Period and will instead begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plans are not subject to shareholder approval.

Goldman Sachs Asset Management (“GSAM”), the investment adviser for the Goldman Sachs Future Consumer Equity ETF and Goldman Sachs Future Planet Equity ETF (each, a “Fund” and collectively, the “Funds”), announced today that the Funds’ Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation for each Fund (collectively, the “Plans”). Under the Plans, which are effective today, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval.

Goldman Sachs Asset Management, the investment adviser for the Goldman Sachs Bloomberg Clean Energy Equity ETF, Goldman Sachs North American Pipelines & Power Equity ETF and Goldman Sachs Future Real Estate and Infrastructure Equity ETF (each, a “Fund” and collectively, the “Funds”), announced today that the Funds’ Board of Trustees, at the recommendation of Goldman Sachs Asset Management, has approved a plan of liquidation for each Fund (collectively, the “Plans”). Under the Plans, which are effective today, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval.

Goldman Sachs Asset Management (“GSAM”), the investment adviser for the Goldman Sachs Defensive Equity ETF (the “Fund”), is updating the plan of liquidation (the “Plan”) for the Fund. Under the Plan, which was originally announced June 12th, 2024, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder approval.

Goldman Sachs Asset Management (“GSAM”), the investment adviser for the Goldman Sachs Defensive Equity ETF (the “Fund”), announced today that the Fund’s Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation (the “Plan”) for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder approval.

Goldman Sachs Asset Management L.P. (“GSAM”), the investment adviser for the Goldman Sachs ActiveBeta® Paris-Aligned Climate U.S. Large Cap Equity ETF (the “Fund”), announced today that the Fund’s Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation (the “Plan”) for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder approval.

Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (GER) (the “Fund”), announced the results from the Fund’s annual shareholder meeting held today.

Goldman Sachs MLP and Energy Renaissance Fund (the “Fund”) (NYSE: GER) is announcing its quarterly distribution of $0.220 per common share, which represents a 10% increase over the distribution amount for the previous quarter. The distribution is payable on the date noted below.

Goldman Sachs Asset Management today launched its asset management and distribution platform for the State of Arizona’s AZ529, Advisor Plan, the Goldman Sachs 529 Plan. Ascensus College Savings Recordkeeping Services, LLC (Ascensus) will serve as the new program manager.

Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (“the Fund”) (NYSE: GER) announced today that the Fund’s Board of Trustees has approved a share repurchase program for the Fund effective from May 15, 2022, through April 30, 2023. Under the share repurchase program, GER intends to purchase in the open market, up to $10 million of its outstanding common shares, if trading at a discount to net asset value (“NAV”) per share in excess of 10%. The share repurchase program seeks to enhance shareholder value by purchasing the Fund’s shares trading at a discount to NAV per share, which could result in NAV and Net Investment Income per share accretion.

Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (GER) (the “Fund”), announced the results from the Fund’s annual shareholder meeting held today.

Goldman Sachs Renewable Power, an affiliate of Goldman Sachs Asset Management that owns more than 850 solar and storage projects across the United States (GSRP), today announced that its Slate solar and energy storage project is now in operation and serving five California-based organizations. The 390 MW solar plus 561 MWh storage project was originally developed by Recurrent Energy, a wholly owned subsidiary of Canadian Solar.

Goldman Sachs Asset Management, the sponsor of the Goldman Sachs Physical Gold ETF (“AAAU” or the “Trust”) today announced the transfer of the listing of the Trust from NYSE Arca to the Cboe BZX Exchange on or about February 3, 2022.

Goldman Sachs Asset Management, investment adviser for the Goldman Sachs MLP and Energy Renaissance Fund (GER) and the funds within Goldman Sachs ETF Trust (collectively, the “Funds”) announced the results of the Funds’ Special Joint Meeting of Shareholders held today.

Goldman Sachs Asset Management today announced the launch of the Goldman Sachs Future Planet Equity ETF (“GSFP” or the “Fund”). GSFP is the first transparent, actively managed equity ETF launched by Goldman Sachs and expands the firm’s existing suite of thematic ETFs designed to help investors position their portfolios on the right side of disruption by providing focused exposure to long-term secular growth trends. Goldman Sachs intends to invest in the Fund alongside its clients.

Goldman Sachs Asset Management Division (“Goldman Sachs”) and Altor Fund IV (“Altor”) today announced that they have agreed to sell Navico, a global leader in marine electronics, to Brunswick Corporation (NYSE: BC), the largest recreational marine company in the world.