Goldman Sachs Pathfinder Index

An excess return index that provides dynamic exposure to the combination of a US equity basket (rebalanced monthly to reflect a low-volatility basket selected from 9 eligible equity sector ETFs) and US Treasury bonds (represented by 10-Year and 2-Year U.S. Treasury futures, with relative exposures determined by a 10-Year US Treasury futures momentum signal), subject to potential leverage of up to 400%, a 15% volatility target, month-over-month return caps of 4.00% (with returns measured on both the 14th and 27th of each month) and deductions (linked to leverage over 0%).

Please visit https://www.goldmansachsindices.com/products/GSPATFDR for complete disclosure.