Goldman Sachs JUST U.S. Large Cap Equity ETF

(the “Fund”)

IMPORTANT NOTICE REGARDING CHANGE IN INVESTMENT POLICY

Upon the recommendation of Goldman Sachs Asset Management, L.P., the Board of Trustees of Goldman Sachs ETF Trust recently approved changes to the Fund’s non‑fundamental policy to invest at least 80% of its assets (exclusive of collateral held from securities lending) 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 (“80% Policy”). The Fund’s 80% Policy will be revised to reflect that the Fund will invest at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. This change will be effective on June 17, 2025 (the “Effective Date”). This change will not materially impact (i) the way in which the Fund is managed, (ii) the portfolio holdings of the Fund, or (iii) the Fund’s investment objective to seek to provide investment results that closely correspond, before fees and expenses, to the performance of the JUST US Large Cap Diversified Index.

Accordingly, on the Effective Date, the Fund’s Prospectus and Summary Prospectus are revised as follows:

The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index.