An error in the accounting for the accrual of foreign capital gains taxes on net unrealized capital gains relating to Indian securities held by the GQG Partners International Opportunities Fund (the “Fund”) was identified. The error resulted in an overstatement of the Fund’s net assets and net unrealized gains (“NAV error”). For the period from December 5, 2023 through December 11, 2024 (the Remediation Period”), the NAV error exceeded the established threshold for reprocessing shareholder accounts under the Fund’s net asset value (“NAV”) error correction policy.

The Fund is in the process of remediating shareholder transactions effected during the Remediation Period. The Fund is in the process of issuing additional shares (“Remediation Shares”) to impacted shareholders who purchased shares of the Fund during the Remediation Period, net of any redemption proceeds overdistributed to such shareholders. The Fund intends to remediate impacted shareholder accounts beginning on or around November 21, 2025 (the “Reprocessing Date”), although this date may change without further notice.

Shareholder accounts for current shareholders that purchased shares in the Fund during the Remediation Period and still had shares in the Fund as of the Reprocessing Date, i.e., “Open Accounts”, will generally receive Remediation Shares in the Fund to remediate their account via fund direct accounts or through their intermediary accounts. Some Open Accounts will receive a check but only if they or their intermediary made a written election to redeem the Remediation Shares issued to the Open Account in exchange for a cash payment as of the Reprocessing Date.

Shareholder accounts that purchased shares in the Fund during the Remediation Period and fully redeemed their position in the Fund or fully transferred out of the Fund before Reprocessing Date, i.e., “Closed Accounts”, will generally receive a remediation payment in cash equal to the value of the Remediation Shares owed to the investor as of the date on which the Closed Account was closed, net of any over-distributed redemption proceeds during the Remediation Period, plus an interest component calculated as of the date the Closed Account was closed through the Reprocessing Date.

The determination of whether an account is an Open Account or a Closed Account is based on the trade information that was provided by intermediaries or using information available on the Fund transfer agent's records. If you have any questions about the status of your account or how it was remediated, please refer to the contact information located on the Contact Us section of this website.

This remediation is offered in satisfaction of any claim you may have in connection with this matter.

The trust and confidence of investors and advisors remain a priority for Goldman Sachs and the Fund, and we appreciate your patience as we resolve this matter.