GVIP Stock, Goldman Sachs Hedge Industry VIP Information

The investment seeks to provide investment results that closely correspond before fees and expenses to the performance of the Goldman Sachs Hedge Fund VIP IndexTM. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities whose performance is expected to influence the longportfolios of hedge funds. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index.