Fund Finder

See Glossary for definition of terms used in reference to Products

The expense ratios of the funds, both with and without any waivers and expense limitations, are as set forth above. The waivers and expense limitations are voluntary and may be modified or terminated at any time at the option of the Investment Adviser. If this occurs, the expense ratio may increase without shareholder approval. In February, the Investment Adviser implemented a voluntary fee waiver of 10 basis points for the Financial Square Money Market and Financial Square Prime Obligations Funds. On July 2nd, 2018, the fee waiver will be reduced to 8 basis points.

The Standardized Total Returns are average annual total returns or cumulative total returns (only if the performance period is one year or less) as of the most recent calendar quarter-end. They assume reinvestment of all distributions at net asset value. These returns reflect the maximum initial sales charge for Class A shares and CDSC for class B and C shares. Because Institutional, Service, Administration, Class R, CLass R6 and Class IR Shares do not involve a sales charge, such a charge is not applied to their Standardized Total Returns. Shares of some of the funds may be subject to a redemption fee. Please refer to the shareholder guide and current prospectus for the Fund, accessible from the literature section, for additional pricing information.

The returns represent past performance. Past performance does not guarantee future results. The Fund's investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Please visit our Web site at: www.GSAMFUNDS.com to obtain the most recent month-end returns.

*The maximum sales charge has been applied, please visit the fund facts tab in order to view sales charges for a specific asset class.

The yields represent past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance quoted above. Yields will fluctuate as market conditions change. The yield quotations more closely reflect the current earnings of the Fund.

The expense ratios of the Fund, both current (net of any fee waivers or expense limitations) and before waivers (gross of any fee waivers or expense limitations) are as set forth below. Pursuant to a contractual arrangement, the Fund’s waivers and/or expense limitations will remain in place at least through the dates found below and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Fund’s Board of Trustees.

• October 31, 2017: Short-Term Conservative Income

• December 29, 2017: Enhanced Dividend Global Equity Portfolio, Strategic Factor Allocation and Tax-Advantaged Global Equity Portfolio

• February 28, 2018: Absolute Return Multi-Asset , Asia Equity, Emerging Markets Equity, Emerging Markets Equity Insights, Focused International Equity, Global Managed Beta, GQG Partners International Opportunities, Income Builder, International Equity Insights, International Small Cap Insights, Large Cap Growth Insights, Large Cap Value Insights, Multi-Manager Alternatives, Multi-Manager Global Equity, Multi-Manager International Equity, Multi-Manager Non-Core Fixed Income, Multi-Manager Real Assets Strategy, Multi-Manager U.S. Dynamic Equity, Multi-Manager U.S. Small Cap Equity, N-11, Rising Dividend Growth, Small Cap Equity Insights, Small Cap Growth Insights, Small Cap Value Insights, Strategic International Equity, Tactical Tilt Overlay, Target Date 2020, Target Date 2025, Target Date 2030, Target Date 2035, Target Date 2040, Target Date 2045, Target Date 2050, Target Date 2055 and U.S. Equity Insights

• April 28, 2018: Absolute Return Tracker, Balanced Strategy Portfolio, Capital Growth, Commodity Strategy, Concentrated Growth, Dynamic Allocation, Dynamic U.S. Equity, Equity Growth Strategy Portfolio, Flexible Cap Growth, Focused Growth, Focused Value, Global Infrastructure, Global Real Estate Securities, Growth and Income, Growth and Income Strategy Portfolio, Growth Opportunities, Growth Strategy Portfolio, International Equity Dividend and Premium, International Real Estate Securities, International Tax-Managed Equity, Large Cap Value, Long Short, Managed Futures Strategy, Real Estate Securities, Small Cap Value, Small/Mid Cap Growth, Small/Mid Cap Value, Strategic Growth, Technology Opportunities, Satellite Strategies Portfolio and U.S. Equity Dividend and Premium

• July 28, 2018: Bond, Core Fixed Income, Dynamic Emerging Markets Debt, Dynamic Municipal Income, Emerging Markets Debt, Enhanced Income, Fixed Income Macro Strategies, Global Income, Government Income, High Quality Floating Rate, High Yield, High Yield Floating Rate, High Yield Municipal, Inflation Protected Securities, Investment Grade Credit, Local Emerging Markets Debt, Long Short Credit Strategies, Short Duration Government, Short Duration Income, Short Duration Tax-Free, Short-Term Conservative Income and U.S. Mortgages

• August 31, 2018: Flexible Cap

• September 29, 2018: MLP & Energy

Mid Cap Value, MLP Energy Infrastructure, Strategic Income and U.S. Tax-Managed Equity: The expense ratios of the Fund, both current (net of applicable fee waivers and/or expense limitations) and before waivers (gross of applicable fee waivers and/or expense limitations), are as set forth below according to the most recent publicly available Prospectus.

The calculation of the 30-Day Standardized Subsidized Yield is mandated by the SEC and is determined by dividing the net investment income per share earned during the period by the maximum public offering price of the Fund (“POP”) per share on the last day of the period. This number is then annualized. The 30-Day Standardized Subsidized Yield reflects fee waivers and/or expense reimbursements recorded by the Fund during the period. Without waivers and/or reimbursements, yields would be reduced. This yield does not necessarily reflect income actually earned and distributed by the Fund and, therefore, may not be correlated with the dividends or other distributions paid to shareholders. The 30-Day Standardized Unsubsidized Yield does not adjust for any fee waivers and/or expense reimbursements in effect. If the Fund does not incur any fee waivers and/or expense reimbursements during the period, the 30-Day Standard Subsidized Yield and 30-Day Standardized Unsubsidized Yield will be identical.

For Inflation Protected Securities Fund ONLY
The 30-Day Standardized Subsidized Yield of the Fund is calculated by dividing the net investment income per share (as defined by the SEC) earned by the Fund over a 30-day period (ending on the stated month-end date) by the maximum public offering price ("POP") per share of the Fund on the last day of the period. This number is then annualized. This yield does not necessarily reflect income actually earned and distributed by the Fund and, therefore, may not be correlated with the dividends or other distributions paid to shareholders. The Fund invests in US TIPS bonds and similar inflation protected securities, and the 30-Day Standardized Yield of the Fund, as quoted above, includes the positive or negative income effect on those bonds of changes in the rate of inflation. When inflation factors increase, we expect the Fund's 30-Day Standardized Yield to be higher than if the effects of inflation were excluded, and when the inflation factors decrease, we expect the Fund's 30-Day Standardized Yield to be lower than if the effects of inflation were excluded. Relatively small changes in the rate of inflation can have significant positive or negative impacts on the 30-Day Standardized Yield of the Fund. To the extent the Yield shown above includes the positive effect of a rise in inflation, it may not be repeated. The 30-Day Standardized Unsubsidized Yield does not reflect any applicable expense reductions.

Government Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Retail Funds: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Institutional Funds: You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

¹GROWTH OF $10,000: A graphical measurement of a portfolio's gross return that simulates the performance of an initial investment of $10,000 over the given time period. The example provided does not reflect the deduction of investment advisory fees which would reduce an investor's return. Please be advised that since this example is calculated gross of fees the compounding effect of an investment manager's fees are not taken into consideration and the deduction of such fees would have a significant impact on the returns the greater the time period and as such the value of the $10,000, if calculated on a net basis, would be significantly lower than shown in this example.

²Market Value NAV: Net asset value per share based on available market quotations of the Funds’ securities as provided by a third party pricing vendor or broker as of 3:00 p.m. Eastern Time on the date stated. The mark to market valuation methodology includes marking to market all securities of the Funds, including securities with remaining maturities of 60 days or less.

³NAV: The NAV (Net Asset Value) represents the net assets of the Fund (ex-dividend) divided by the total number of shares. The expense ratios of the funds, both with and without any waivers and expense limitations, are as set forth above. The waivers and expense limitations are voluntary and may be modified or terminated at any time at the option of the Investment Adviser. If this occurs, the expense ratio may increase without shareholder approval.

⁴Daily Liquid Assets are presented as a percentage of the fund’s total assets as of 5:00 p.m. Eastern Time on the date stated. Daily Liquid Assets includes (i) Cash; (ii) Direct obligations of the U.S. Government; or (iii) Securities that will mature, or are subject to a demand feature that is exercisable and payable, within one business day.; or (iv) Amounts receivable and due unconditionally within one business day on pending sales of portfolio securities.

⁵Weekly Liquid Assets are presented as a percentage of the fund’s total assets as of 5:00 p.m. Eastern Time on the date stated. Weekly Liquid Assets includes (i) Cash; (ii) Direct obligations of the U.S. Government; (iii) Government securities that are issued by a person controlled or supervised by and acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States that: (A) Are issued at a discount to the principal amount to be repaid at maturity without provision for the payment of interest; and (B) Have a remaining maturity date of 60 days or less; or. (iv) Securities that will mature, or are subject to a demand feature that is exercisable and payable, within five business days.; or (v) Amounts receivable and due unconditionally within five business days on pending sales of portfolio securities.

Equity funds are subject to the risk of rising and falling stock prices and have tended to be more volatile than funds that invest in fixed income securities. Bond funds fluctuate in value with changes in interest rates, and lower-rated bonds involve higher credit risk and may be speculative investments. Funds concentrated in non-US investments may be more volatile than US investments and involve special political and currency risks. A fund concentrated in an economic sector or geographical region will also be more volatile.

For some investors, income from municipal bonds may be subject to the Alternative Minimum Tax. Income may be subject to state and local taxes. Capital gains, if any, are federally taxable.

The information and services provided on this web site are intended for persons in the US only. Non-US persons are directed to our audience selection page.

In an effort to distinguish funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed the Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).

This material is not authorized for distribution to prospective investors unless preceded or accompanied by a current Prospectus or summary prospectus, if applicable. Investors should consider a Fund’s objective, risks, and charges and expenses, and read the summary prospectus, if available, and/or the Prospectus carefully before investing or sending money. The summary prospectus, if available, and the Prospectus contain this and other information about a Fund and may be obtained from your authorized dealer or from Goldman Sachs & Co. LLC by calling (retail—1-800-526-7384) (institutional—1-800-621-2550).

Goldman Sachs & Co. LLC is the distributor of the Goldman Sachs Funds.

- No Bank Guarantee

- May Lose Value

- NOT FDIC-INSURED

Effective November 2, 2009, Class B shares of all Goldman Sachs Funds will no longer be available for purchase.

THIS MATERIAL IS FOR INFORMATIONAL PURPOSES ONLY AND IS PROVIDED SOLELY ON THE BASIS THAT IT WILL NOT CONSTITUTE INVESTMENT OR OTHER ADVICE OR A RECOMMENDATION RELATING TO ANY PERSON’S OR PLAN’S INVESTMENT OR OTHER DECISIONS, AND GOLDMAN SACHS IS NOT A FIDUCIARY OR ADVISOR WITH RESPECT TO ANY PERSON OR PLAN BY REASON OF PROVIDING THE MATERIAL OR CONTENT HEREIN INCLUDING UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 OR DEPARTMENT OF LABOR REGULATIONS. PLAN SPONSORS AND OTHER FIDUCIARIES SHOULD CONSIDER THEIR OWN CIRCUMSTANCES IN ASSESSING ANY POTENTIAL COURSE OF ACTION.

Learn More About Privacy & Cookies
Delete Cookies
Learn More About Security
Terms of Use

Mutual Funds

Market Insights

Products

Resources

Literature

Our Firm