Goldman Sachs Emerging Markets Corporate Bond Portfolio I Acc GBP-Hedged 

The Portfolio seeks total returns consisting of income and capital appreciation by investing primarily in fixed income securities of Emerging Markets corporate issuers. The Portfolio will, under normal circumstances, invest at least two thirds of its net assets (excluding cash and cashequivalents) in fixed income Transferable Securities issued by companies that are domiciled in, or which derive the predominant proportion of their revenues or profits from Emerging Markets.