# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0001193125-25-291359
**Filing Date:** 2025-11
**Character Count:** 4947
**Document Hash:** 695e121d917df8d4c1900e1dd7a79043
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-291359.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001193125-25-291359

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**EFFECTIVENESS DATE**: 20251121

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-200933
- **FILM NUMBER:** 251507991

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs U.S. Large Cap Buffer 3 ETF (Series ID: S000088428)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                | Ticker Symbol | Class ID   |
| Goldman Sachs U.S. Large Cap Buffer 3 ETF | GBXC          | C000254695 |

---

## Series and Classes Contracts Data

### Goldman Sachs U.S. Large Cap Buffer 3 ETF (Series ID: S000088428)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000254695 | Goldman Sachs U.S. Large Cap Buffer 3 ETF | GBXC            |

**GOLDMAN SACHS ETF TRUST** 

**Goldman Sachs U.S. Large Cap Buffer 3 ETF** 

(the "Fund")

*Supplement dated November 21, 2025 to the* 

*<u>Prospectus and Summary Prospectus dated December 17, 2024, as supplemented to date</u>*

*Capitalized terms and certain other terms used in this supplement, unless otherwise defined in this supplement, have the meanings assigned to them in the Fund's Prospectus.* 

As described in the Fund's Prospectus, the Fund's performance is subject to a Cap that represents the maximum percentage return the Fund can achieve for the duration of a three-month Outcome Period. The Fund also seeks to provide (i) a downside Buffer against certain losses over an Outcome Period and (ii) Deep Downside Protection for extreme market conditions over an Outcome Period.

The Fund's current Outcome Period will end on November 30, 2025, and the Fund's next Outcome Period will commence on December 1, 2025 and end on February 28, 2026. The Fund's Cap is based on the cost of providing the Buffer and Deep Downside Protection and will differ from one Outcome Period to the next. The final Cap, Buffer and Deep Downside Protection will be set on or before the first day of an Outcome Period.

As of November 21, 2025, the Cap, Buffer and Deep Downside Protection for the next Outcome Period are expected to be within the ranges shown in the tables below. The tables show the expected Cap, Buffer and Deep Downside Protection ranges before and after Fund Fees and Expenses. The Fund's returns will be further reduced by any brokerage commissions, trading fees, taxes and non-routine or extraordinary expenses incurred by the Fund.

---

| | |
|:---|:---|
| **Estimated Cap Range<br>(*before* Fund Fees and Expenses)\*** | **Estimated Cap Range<br>(*after* Fund Fees and Expenses)\*** |
|  4.50% to 6.00% | 4.38% to 5.88% |

---

---

| | |
|:---|:---|
| **Estimated Buffer Range<br>(*before* Fund Fees and Expenses)\*** | **Estimated Buffer Range<br>(*after* Fund Fees and Expenses)\*** |
|  Starting between 4.75% and 5.25%<br>Ending between 14.75% and 15.25%<br>| Starting between 4.75% and 5.25%<br>Ending between 14.63% and 15.13% |

---

---

| | |
|:---|:---|
| **Estimated Deep Downside Protection Range<br>(*before* Fund Fees and Expenses)\*** | **Estimated Deep Downside Protection Range<br>(*after* Fund Fees and Expenses)\*** |
|  25.00% to 27.00% | 25.13% to 27.13% |

---

\* Fund Fees and Expenses are derived from the "*Annual Fund Operating Expenses*" table included in the Fund's Prospectus dated December 17, 2024. Actual Fund Fees and Expenses may differ over the next Outcome Period.

The above estimated Cap, Buffer and Deep Downside Protection ranges are based on market conditions as of November 21, 2025. The final Cap, Buffer and Deep Downside Protection could fall outside of these ranges if there is a material change in market conditions between the date of this Supplement and the date on which the final Cap, Buffer or Deep Downside Protection is established. The Cap, Buffer and Deep Downside Protection will be set on or before the first day of an Outcome Period, and a supplement to the Fund's Prospectus and Summary Prospectus will be filed on or about the commencement of the next Outcome Period to provide the Fund's final Cap, Buffer and Deep Downside Protection information.

**This Supplement should be retained with your Prospectus and Summary Prospectus for future reference.** 

INITIALGBXCSTK 11-25