Define your goals, we ll do the rest

The GS Wealthbuilder Multi-Asset Portfolios can help you achieve your goals, whether you are looking to preserve, enhance or create wealth

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS SUB-FUNDS OF GOLDMAN SACHS FUNDS, SICAV

Define your goals, we’ll do the rest

1 There is no guarantee that these objectives will be met.

This marketing communication is issued on 31-July-14 for use with retail investors in the United Kingdom.

Portfolio Objectives

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GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

Preserve Wealth

GS Wealthbuilder Multi-Asset

Conservative Portfolio

Enhance Wealth

GS Wealthbuilder Multi-Asset Balanced Portfolio

Create Wealth

GS Wealthbuilder Multi-Asset Growth Portfolio

Portfolio Objectives

The portfolios seek to provide long-term capital growth and income by investing across a broad range of global markets. At Goldman Sachs Asset Management (GSAM), we understand that investors have different goals when it comes to investing their money. We have customised our fund range to achieve three distinct objectives:

A financial advisor can help you determine which Wealthbuilder portfolio could be an appropriate solution for you.

Please remember that the value of investments may go down as well as

up and you may not get back the amount invested. For more information

about the suitability of this investment to meet your individual goals,

please speak to your financial adviser.

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

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About Goldman Sachs Asset Management ²

• As one of the world’s leading asset management firms, we manage and advise over US$ 1 trillion in assets under supervision on behalf of our clients.

• Building on Goldman Sachs’ 146-year history of excellence, GSAM’s global portfolio management teams work together to serve the needs of our clients.

• We have a global presence of over 700 investment

professionals based in 33 locations worldwide which enables us to provide a global perspective to our clients and gain local market insights.

2 All data on this page as of March 2015.

Locations of GSAM Professionals

San Francisco Salt Lake City

Los Angeles

Boston Greenwich New York Miami

São Paulo Toronto

Chicago

Kuala Lumpur Singapore

Melbourne Sydney Bangalore

Mumbai

Tokyo Hong Kong Shanghai

Beijing

Dubai Riyadh

London

Paris Geneva Madrid

Stockholm Amsterdam Frankfurt

Zurich Milan

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GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

Access multiple asset classes…

Investing all your savings in a single asset class is risky. Spreading

risk across multiple asset classes can create a stronger foundation for building wealth over the long term.

While investors are best served by expanding their opportunity set, it is difficult to know what to own and when to own it. Yesterday’s best performing asset class may be tomorrow’s worst. Multi-asset investing aims to navigate moving markets to help perform well across various environments.

…in one solution

Investors may want to consider delegating these investment decisions

to a team of experts with the skill and resources to analyse and compare

investment opportunities on a global basis. Multi-asset funds provide

access to a range of markets and opportunities in one solution.

Variability of returns

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

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3 Source GSAM, data as of December 2014. Past performance does not guarantee future results, which may vary.

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

38% 36% 43% 33% -27% 59% 24% 5% 24% 34% 22%

17% 26% 28% 33% -38% 57% 16% 1% 16% 8% 13%

16% 12% 15% 5% -46% 36% 15% 0% 16% 3% 2%

15% 8% 11% 2% -46% 28% 12% -2% 14% 1% -2%

14% 4% -18% -14% -49% 12% 8% -14% -1% -1% -33%

Real Estate

Emerging Markets Equity Commodities

US Equity

US High Yield Bonds

BetterWorse

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GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

Three reasons to consider the

GS Wealthbuilder Multi-Asset Portfolios

Global

Access to a wide range of investment opportunities across the globe.

Selecting and sizing asset classes are key considerations when looking to achieve your investment goals. The Goldman Sachs Wealthbuilder Multi- Asset Portfolios can invest across all asset classes in order to effectively spread risk across different sources of return. The team has access to the broad GSAM investment platform which includes asset classes beyond traditional equities and bonds.

1

Dynamic

Ability to navigate changing markets.

Markets don’t stand still. Having the resources to successfully capture opportunities and identify near-term risks is crucial in the management of any portfolio. We believe our nimble approach to investing provides us with the flexibility to account for changing market conditions.

2

Risk Managed

Focused on delivering long-term returns.

Taking risk is necessary to generate returns; we seek to identify, understand and size risk appropriately. We consider the potential losses associated with every investment we make, since an investor who loses 50% of their holdings requires a 100% gain just to get back to the initial amount invested.

3

4 Whilst the name of the team responsible for fiduciary management at GSAM has changed over the course of the past several years, any historical references to this group of investment professionals who offer this service at GSAM is presented under the name of Global Portfolio Solutions.

5 Data as of March 2015.

Financial investments carry a market risk. The value of assets in the

portfolio is typically dictated by a number of factors, including the

confidence levels of the market in which they are traded.

7

The Wealthbuilder portfolio managers are part of Goldman Sachs Asset Management’s multi-asset class investment team, Global Portfolio Solutions (GPS), which specialises in designing intelligent investment solutions for a diverse set of clients globally. The team consists of 90+

investment professionals with deep and varied backgrounds. GPS has two decades of experience managing multi-asset class portfolios and the group’s senior investment professionals average 14 years of experience.

The team currently manages over $33 billion in assets.

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

Who are they managed by?

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GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

Three solutions

We appreciate that investors have different goals. Because we understand that, we offer a choice of three multi-asset portfolios, each of which is constructed to meet a different investment objective. You simply define your goals and we’ll take it from there.

The three GS Wealthbuilder Multi-Asset Portfolios offer different combinations of investments, across equities, fixed income and other asset classes.

Conservative

Balanced

Growth

Fixed Income Equity Other

Lower ReturnHigher Return

Lower Risk Higher Risk

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

9 GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

• The GS Wealthbuilder Multi-Asset Conservative Portfolio is designed for investors seeking to preserve wealth over the medium term

• The GS Wealthbuilder Multi-Asset Balanced Portfolio is designed for investors looking to enhance wealth over the medium to the long term

• The GS Wealthbuilder Multi-Asset

Growth Portfolio is designed for

investors willing to accept higher

levels of risk to create wealth over

the long term

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GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

6 Diversification does not protect an investor from market risk and does not ensure a profit.

7 Source: Bloomberg, Goldman Sachs & Co. Fixed Income Plot Tool, S&P. Plot Tool is a proprietary analytical tool and database representing developed and emerging markets including the US, Europe, Asia, and Latin America for their respective Fixed Income, Equity, Foreign Exchange, Commodities, and Credit Markets covering thousands of cash, forward, futures, options, and swap instruments. Plot tool houses over 20 years of economic data. Yearly Returns. As at 31-Dec-2014. Past performance does not guarantee future results, which may vary. Indices are unmanaged and do not reflect the deduction of management fees, brokerage or other commissions, exchange fees or any other expenses a client would have to pay. Investors cannot invest directly in indices. Past correlations are not indicative of future correlations, which may vary.

Past performance does not guarantee future results, which may vary.

How do we invest?

Three main sources of return in our investment process:

At a glance:

GS Wealthbuilder Multi-Asset Portfolios

Strategic Asset Allocation

Tactical Asset Allocation

Security Selection

The Wealthbuilder portfolio managers select the long-term weights of asset classes

The Wealthbuilder portfolio managers make short- to medium-term over- weights and underweights relative to the strategic asset allocation

Active selection of individual companies and issuers by security selection experts

On-going risk management

Financial investments carry an operational risk. Material losses to the

portfolio may arise as a result of human error, system and/or process

failures, inadequate procedures or controls.

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

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process starts with selecting and sizing asset classes. The main aim of this stage is to spread risk among multiple sources of potential return (‘Diversification’) and combine investments.

2. Tactical Asset Allocation. Market cycles

drive materially different returns across asset classes. In 2014, Real Estate returned 22%, while US High Yield Bonds returned 2%.

As the market environment changes, the portfolio management team nimbly adjusts the portfolios’ holdings to capture shorter-term market opportunities across asset classes.

3. Security Selection. Once the asset

allocation has been decided, the GSAM

asset class specialists select which

securities to invest in. Based in 33 locations

around the world, the teams have the benefit

of local presence to conduct research and

gain local insights.

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

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KEY FACTS

Goldman Sachs

Wealthbuilder Multi-Asset Conservative Portfolio Domiciled in: Luxembourg Geographical reach: Global Launch date: 30 June 2014 Available currencies: USD, GBP, EUR Legal form: A sub-fund of

Goldman Sachs Funds SICAV, which is an investment company with segregated portfolios under Luxembourg law

R share class

Currency: GBP

Income: Annual Distribution

Minimum investment: 3,000 GBP Ongoing charge: 0.85% p.a.

Initial sales charge: Up to 5.5%

ISIN code: LU1057461300

Before making an investment in the fund, please ensure that you read the fund’s Key Investor Information Document (KIID), which is available at www.gsam.com/kiids.

Goldman Sachs

Wealthbuilder Multi-Asset Balanced Portfolio Domiciled in: Luxembourg Geographical reach: Global Launch date: 30 June 2014 Available currencies: USD, GBP, EUR Legal form: A sub-fund of

Goldman Sachs Funds SICAV, which is an investment company with segregated portfolios under Luxembourg law

R share class

Currency: GBP

Income: Annual Distribution

Minimum investment: 3,000 GBP Ongoing charge: 0.90% p.a.

Initial sales charge: Up to 5.5%

ISIN code: LU1057462530

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

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Goldman Sachs

Wealthbuilder Multi-Asset Growth Portfolio Domiciled in: Luxembourg Geographical reach: Global Launch date: 30 June 2014 Available currencies: USD, GBP, EUR Legal form: A sub-fund of

Goldman Sachs Funds SICAV, which is an investment company with segregated portfolios under Luxembourg law

R share class

Currency: GBP

Income: Annual Distribution

Minimum investment: 3,000 GBP Ongoing charge: 1.00% p.a.

Initial sales charge: Up to 5.5%

ISIN code: LU1057463777

Before making an investment in the fund, please ensure that you read the fund’s Key Investor Information Document (KIID), which is available at www.gsam.com/kiids.

GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

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GOLDMAN SACHS WEALTHBUILDER MULTI-ASSET PORTFOLIOS

To find out more about the Goldman Sachs Wealthbuilder Multi-Asset Portfolios or to access the latest fund information, please contact your financial adviser.

Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.

This document has been issued by Goldman Sachs International, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

This material is provided at your request for informational purposes only and does not constitute a solicitation in any jurisdiction in which such a solicitation is unlawful or to any person to whom it is unlawful. It only contains selected information with regards to the fund and does not constitute an offer to buy shares in the fund. Prior to an investment, prospective investors should carefully read the latest Key Investor Information Document (KIID) as well as the offering documentation, including but not limited to the fund’s prospectus which contains inter alia a comprehensive disclosure of applicable risks. The relevant articles of association, prospectus, supplement, KIID and latest annual/semi-annual report are available free of charge from the fund’s paying and information agent and/or from your financial adviser.

Shares of the fund may not be registered for public distribution in a number of jurisdictions (including but not limited to any Latin American, African or Asian countries).

Therefore, the shares of the fund must not be marketed or offered in or to residents of any such jurisdictions unless such marketing or offering is made in compliance with applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules and regulations.

Financial advisers generally suggest a diversified portfolio of investments. The fund described herein does not represent a diversified investment by itself. An investor should only invest if he/she has the necessary financial resources to bear a complete loss of this investment.

This material must not be construed as investment or tax advice. Prospective investors should consult their financial and tax adviser before investing in order to determine whether an investment would be suitable for them.

This material is not financial research and was not prepared by the Goldman Sachs Global Investment Research. It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed herein are valid as of the date of this publication only and may differ from the views and opinions expressed by the Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. Goldman Sachs International has no obligation to provide any updates.

© 2014 Goldman Sachs. All rights reserved. 132345.GPS.TMPL/6/2014

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GSAM – the key facts ⁸

• GSAM is one of the world’s leading investment managers with more than 2,000 professionals across 33 offices worldwide

• GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries and geographies

• GSAM has more than $1 trillion in assets under supervision

8 Data as of March 2015.