Please note that no proxy voting information is provided on behalf of the Goldman Sachs Financial Square money market funds and the Goldman Sachs Institutional Liquid Assets money market portfolios because they invest exclusively in non-voting securities. In addition, no proxy voting information is provided on behalf of the Goldman Sachs Asset Allocation Portfolios because none of the securities the portfolios held solicited proxy votes for the year ended June 30, 2014.

The proxy votes listed in the Goldman Sachs Funds' Form N-PX filings and on this website represent votes taken on various issues for the one year period ended June 30, 2014. The votes should not be considered an indicator of how the Goldman Sachs Trust, Goldman Sachs Trust II, and Goldman Sachs Variable Insurance Trust or their investment advisers will vote in the future on the same or similar issues. See the attached description of our proxy voting policies and procedures.