Goldman Sachs Funds Pricing Guide and Fund Summary
Transcript of Goldman Sachs Funds Pricing Guide and Fund Summary
Goldman Sachs Funds
Pricing Guide and Fund Summary
September 2021
Goldman Sachs Asset Management | 1
SUMMARY OF PRICING FEATURES
Please see prospectus and the following charts for more information.
Contact your Financial Advisor for more information on Goldman Sachs Funds.
MaximumFront-End Sales Load
ContingentDeferredSales Charge
Conversion toA Shares
Maximum DealerReallowance
Class Fee toIntermediary (bps)
Up-frontCommissions
Minimum /MaximumInvestment
Class A
(front-end load)
5.50% on equity
funds, Specialty and
Total Portfolio
Solutions portfolios;
4.50% on most fixed
income funds†
None on purchases
with front-end sales
load*
N/A 5.00% on equity
funds, Specialty and
Total Portfolio
Solutions portfolios;
4.00% on most fixed
income funds
0.25% (0.15% on
certain fixed income
funds†) accrues
immediately, paid
quarterly;
None on purchases
with front-end sales
load**
$1,000 / none
Class C
(level load)
N/A 1% if shares are
redeemed within
12 months of
purchase
For GS Short
Duration Government
Fund, GS Short
Duration Tax-Free
Fund & GS Short
Duration Bond Fund
the CDSC is 0.65 for
shares redeemed
within 12 months
of purchase
Effective July 30,
2018, Class C shares
will automatically be
converted to Class A
shares ten years after
the purchase date.
Please see the Funds’
prospectus for
complete details.
N/A 1.00% begins
accruing in month
13, paid quarterly
For GS Short
Duration
Government GS
Short Duration
Tax-Free Fund &
GS Short Duration
Bond Fund Tax
Free the Annual
Trail Commissions
is 0.65% of
average daily net
assets
1%
For GS Short
Duration Government
Fund, GS Short
Duration Tax-Free
Fund & GS Short
Duration Bond Fund
the Up-front
Commissions is
0.65
$1,000 / 1,000,000
(except for GS
Short Duration
Government, GS
Short Duration
Tax-Free Fund & GS
Short Duration Bond
Fund Maximum
investment $500,000
and Dynamic
Municipal Income
Fund Maximum
investment $250,000)
Institutional N/A N/A N/A N/A N/A N/A $1,000,000/none
Service N/A N/A N/A N/A 0.50% (applicable
where prior
agreements with
Intermediaries exist)
N/A N/A
Class Investor†† N/A N/A N/A N/A N/A N/A N/A
Class P††† N/A N/A N/A N/A N/A N/A N/A
Class R†† N/A N/A N/A N/A 0.50% accrues
immediately,
paid quarterly
N/A N/A
Class R6†† N/A N/A N/A N/A N/A N/A N/A
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Pricing Guide
* Outside of the exceptions noted below, clients who purchase shares at NAV will be charged a 1.00% CDSC on shares redeemed within 18 months, effective at the time of purchase. In instances where an Authorized Institution agrees to waive its receipt of the one-time commission, the CDSC on Class A Shares, generally, will be waived. 0.75% CDSC in the case of GS High Yield Floating Rate Fund, 18-month redemption period. 0.50% CDSC in the case of the Change to GS Short Duration Government, GS Short
Duration Tax-Free Funds and GS Short Duration Income Funds; 9-month redemption period.
** Outside the exceptions noted below, Goldman Sachs may pay a one-time commission to Authorized Dealers who initiate or are responsible for purchases of $1 million, ($250,000 in the case of Dynamic Municipal Income, and Income Builder; $500,000 in the case of High Yield Municipal Income) or more of shares (Class A) of the Funds equal to 1.00% of the amount under $3 million (0.75% in the case of the High Yield Floating Rate Fund), 0.50% of the next $2 million, and 0.25% thereafter and for purchases of $500,000 or more shares of Short Duration Tax Free, Short Duration Government and Short Duration Income equal to 0.50% of the amount under $3 million and 0.25% thereafter. Restrictions may apply. Please see the Funds’ prospectus for complete details.
† For the Enhanced Income Fund, the High Quality Floating Rate and the Short-Term Conservative Income Fund, Class A shares reflects no initial sales charge. Prior to July 30, 2018, the maximum initial sales charge applicable to Class A Shares was 1.50%. In addition, the 12b-1 Distribution Fee for Class A shares has been reduced to 0.15% from 0.25%.
†† R6, R and Inv. shares are generally available to retirement plans only. Investor and R6 Shares may also be made available to certain eligible fee-based programs that are approved by Goldman Sachs.
††† Class P Shares generally are available to the following investors:
• Clients of the Goldman Sachs Private Wealth Management that custody their positions at Goldman Sachs;
• Clients of The Goldman Sachs Trust Company, N.A. or The Goldman Sachs Trust Company of Delaware that custody their positions at Goldman Sachs;
• Clients of The Ayco Company, L.P. that either custody their positions at Goldman Sachs or with certain intermediaries that are authorized to offer Class P Shares; or
• Other investors at the discretion of Goldman Sachs Trust’s officers.
1. Effective January 22, 2021 the Goldman Sachs Imprint Emerging Markets Opportunities Fund was reorganized with and into the Goldman Sachs ESG Emerging Markets Equity Fund.
Effective July, 29, 2021 the Goldman Sachs Short Duration Income Fund was renamed the Goldman Sachs Short Duration Bond Fund.
Equity Funds, Specialty Funds and Total Portfolio Solutions
Breakpoint Sales Charge Dealer Allowance
Up to $49,999 5.50% 5.00%
$50,000 to $99,999 4.75% 4.00%
$100,000 to $249,999 3.75% 3.00%
$250,000 to $499,999 2.75% 2.25%
$500,000 to $999,999 2.00% 1.75%
$1 million and over 0.00* **
Fixed Income Funds
Breakpoint Sales Charge Dealer Allowance
Up to $99,999 4.50% 4.00%
$100,000 to $249,999 3.00% 2.50%
$250,000 to $499,999 2.50% 2.00%
$500,000 to $999,999 2.00% 1.75%
$1 million and over 0.00* **
• Commodity Strategy Fund• Emerging Markets Debt Fund
• Local Emerging Markets Debt Fund• High Yield Fund
Breakpoint Sales Charge Dealer Allowance
Up to $99,999 3.75% 3.25%
$100,000 to $249,999 2.00% 1.75%
$250,000 and over 0.00%* **
Breakpoint Sales Charge Dealer Allowance
Up to $99,999 3.75% 3.25%
$100,000 to $249,999 3.00% 2.50%
$250,000 to $499,999 2.50% 2.00%
$500,000 to $999,999 2.00% 1.75%
$1 million and over 0.00* **
• Bond Fund• Core Fixed Income Fund• Government Income Fund• Global Core Fixed Income Fund• Income Fund
• Long Short Credit Strategies Fund• Strategic Income Fund• Investment Grade Credit Fund• Inflation Protection Securities Fund• US Mortgages Fund
Dynamic Municipal Income Fund
High Yield Floating Rate Fund
Breakpoint Sales Charge Dealer Allowance
Up to $99,999 2.25% 2.00%
$100,000 to $249,999 1.75% 1.50%
$250,000 to $499,999 1.25% 1.00%
$500,000 to $999,999 1.00% 0.85%
$1 million and over 0.00* **
Breakpoint Sales Charge Dealer Allowance
Up to $499,999 1.50% 1.25%
$500,000 and over 0.00* **
• Short Duration Government Fund• Short Duration Bond Fund
CLASS A BREAKPOINTS AND C EXCEPTIONS
• Short Duration Tax-Free Fund
Breakpoint Sales Charge Dealer Allowance
Up to $49,999 5.50% 5.00%
$50,000 to $99,999 4.75% 4.00%
$100,000 to $249,999 3.75% 3.00%
$250,000 or more 0.00* **
Fixed Income Funds (continued)
High Yield Municipal Fund
Breakpoint Sales Charge Dealer Allowance
Up to $99,999 4.50% 4.00%
$100,000 to $249,999 3.00% 2.50%
$250,000 to $499,999 2.50% 2.00%
$500,000 or more 0.00* **
Income Builder Fund
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2. 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.
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Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS GROWTH EQUITY FUNDS
Capital Growth Fund A 807 GSCGX 38141W638
C 837 GSPCX 38142B344
Inst. 865 GSPIX 38142B146
Svc. 635 GSPSX 38142B138
Inv. 3199 GSPTX 38144N452
P 7196 GGGPX 38150B608
R 3198 GSPRX 38144N460
R6 4647 GSPUX 38147X390
Concentrated Growth Fund A 1528 GCGAX 38142Y187
C 1530 GCGCX 38142Y161
Inst. 1533 GCRIX 38142Y153
Inv. 3197 GGCTX 38145N667
P 7197 GACPX 38150B806
R 3196 GGCRX 38145N675
R6 4648 GCGUX 38147X382
Growth Opportunities Fund A 1129 GGOAX 38142Y104
C 1131 GGOCX 38142Y302
Inst. 1132 GGOIX 38142Y401
Svc. 1133 GGOSX 38142Y500
Inv. 3201 GGOTX 38144N346
P 7202 GGQPX 38150B699
R 3200 GGORX 38144N353
R6 4655 GGOUX 38148U601
Large Cap Growth A 851 GLCGX 38142B435
Insights Fund C 853 GLCCX 38142B260
Inst. 653 GCGIX 38142B385
Svc. 743 GSCLX 38142V377
Inv. 3209 GLCTX 38145N592
P 7203 GMZPX 38150B541
R 3208 GLCRX 38145N618
R6 4660 GLCUX 38147X523
Small Cap Growth Fund A 7154 GSBDX 38145C182
C 7155 GSBAX 38145C174
Inst. 7158 GSAJX 38145C141
Inv. 7157 GSAHX 38145C133
P 7160 GSADX 38145C125
R 7156 GSANX 38145C166
R6 7159 GSBEX 38145C158
Small Cap Growth A 2679 GSAOX 38143H225
Insights Fund C 2681 GSCOX 38143H191
Inst. 2682 GSIOX 38143H183
Inv. 3215 GSTOX 38145N535
P 7224 GSZPX 38150B350
R 3214 GSROX 38145N543
R6 4667 GINUX 38147X481
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS GROWTH EQUITY FUNDS (continued)
Small/Mid Cap Growth Fund A 2516 GSMAX 38143H779
C 2518 GSMGX 38143H753
Inst. 2519 GSMYX 38143H746
Svc. 2520 GSMQX 38143H738
Inv. 3203 GTMTX 38144N320
P 7207 GSWPX 38150B327
R 3202 GTMRX 38144N338
R6 4670 GTMUX 38148U700
Strategic Growth Fund A 1124 GGRAX 38142Y609
C 1126 GGRCX 38142Y807
Inst. 1127 GSTIX 38142Y880
Svc. 1128 GSTSX 38142Y872
Inv. 3369 GSTTX 38144N387
P 7209 GSPPX 38150B285
R 3368 GSTRX 38144N395
R6 4672 GGRUX 38147X358
Technology Opportunities A 1179 GITAX 38142Y823
Fund C 1181 GITCX 38142Y849
Inst. 1182 GITIX 38142Y856
Svc. 1183 GITSX 38142Y864
Inv. 3733 GISTX 38145C489
P 7211 GSJPX 38150B228
R6 7148 GTORX 38148U148
GOLDMAN SACHS CORE EQUITY FUNDS
Rising Dividend A 3827 GSRAX 38145C315
Growth Fund C 3828 GSRCX 38145C299
Inst. 3831 GSRLX 38145C281
Inv. 3830 GSRIX 38145C273
P 7222 GMHPX 38150B426
R 3829 GSRRX 38145C265
R6 7163 GSRFX 38148U114
U.S. Equity ESG Fund A 3619 GAGVX 38144N288
C 3620 GCGVX 38144N270
I 3623 GINGX 38144N247
Inv. 3622 GIRGX 38144N254
P 7195 GALPX 38150C101
R 3621 GRGVX 38144N262
R6 4674 GDEUX 38147X341
Flexible Cap Fund A 3280 GALLX 38145C109
C 3281 GCLLX 38145C208
Inst. 3284 GILLX 38145C307
Inv. 3283 GSLLX 38145C505
P 7200 GGZPX 38150B780
R 3282 GRLLX 38145C406
R6 4651 GFCUX 38147X374
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Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS CORE EQUITY FUNDS (continued)
Small Cap Equity A 071 GCSAX 38142V506
Insights Fund C 081 GCSCX 38142V704
Inst. 862 GCSIX 38142V803
Svc. 632 GCSSX 38141V886
Inv. 3211 GDSTX 38145N576
P 7223 GMAPX 38150B368
R 3210 GDSRX 38145N584
R6 4666 GCSUX 38147X499
US Equity Insights Fund A 817 GSSQX 38141W620
C 847 GSUSX 38142B278
Inst. 868 GSELX 38141W372
Svc. 638 GSESX 38141W463
Inv. 3205 GSUTX 38145N642
P 7227 GSEPX 38150B186
R 3204 GSURX 38145N659
R6 4675 GSEUX 38147X465
US Equity Dividend and A 2528 GSPAX 38143H712
Premium Fund C 2529 GSPQX 38143H696
Inst. 2530 GSPKX 38143H720
Inv. 3736 GVIRX 38145C513
P 7245 GSFPX 38150B194
Defensive Equity Fund A 7361 GDEAX 38150C598
C 7362 GDECX 38150C580
Inst. 7358 GDEIX 38150C572
Inv. 7364 GDEJX 38150C564
P 7360 GDEPX 38150C556
R 7363 GDERX 38150C549
R6 7359 GDESX 38150C531
GOLDMAN SACHS VALUE EQUITY FUNDS
Equity Income Fund A 814 GSGRX 38141W588
C 844 GSGCX 38142B310
Inst. 866 GSIIX 38141W414
Svc. 636 GSGSX 38141W422
Inv. 3192 GRGTX 38144N437
P 7199 GABPX 38150B798
R 3191 GRGRX 38144N445
R6 4654 GRGUX 38147X457
Large Cap Value Fund A 1213 GSLAX 38142Y815
C 1215 GSVCX 38142Y781
Inst. 1216 GSLIX 38142Y773
Svc. 1217 GSVSX 38142Y765
Inv. 3190 GSVTX 38144N411
P 7204 GMYPX 38150B533
R 3189 GSVRX 38144N429
R6 4661 GSVUX 38147X440
Large Cap Value A 456 GCVAX 38142V225
Insights Fund C 471 GCVCX 38142V191
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS VALUE EQUITY FUNDS (continued)
Large Cap Value Inst. 641 GCVIX 38142V183
Insights Fund (cont.) Svc. 796 GCLSX 38141V175
Inv. 3207 GCVTX 38145N626
P 7220 GMXPX 38150B525
R 3206 GCVRX 38145N634
R6 4662 GCVUX 38147X515
Mid Cap Value Fund A 078 GCMAX 38142V720
C 080 GCMCX 38142V696
Inst. 864 GSMCX 38141W398
Svc. 634 GSMSX 38141W380
Inv. 3193 GCMTX 38144N361
P 7205 GMPPX 38150B475
R 3367 GCMRX 38144N379
R6 4663 GCMUX 38147X432
Small Cap Value Fund A 819 GSSMX 38141W612
C 849 GSSCX 38142B336
Inst. 651 GSSIX 38142V209
Svc. 741 GSSSX 38142V308
Inv. 3195 GSQTX 38144N296
P 7206 GSYPX 38150B343
R 3194 GSQRX 38144N312
R6 4668 GSSUX 38147X424
Small Cap Value A 2683 GSATX 38143H282
Insights Fund C 2685 GSCTX 38143H266
Inst. 2686 GSITX 38143H241
Inv. 3213 GTTTX 38145N550
P 7225 GSXPX 38150B335
R 3212 GTTRX 38145N568
R6 4669 GTTUX 38147X473
Small/Mid Cap Value Fund A 3922 GMVAX 38147X101
C 3923 GMVCX 38147X200
Inst. 3926 GSMVX 38147X309
Inv. 3925 GMVIX 38147X408
P 7208 GSVPX 38150B319
R 3924 GMVRX 38147X507
R6 4671 GMCUX 38147X416
Focused Value Fund A 4007 GFVAX 38147X689
C 4008 GFVCX 38147X671
Inst. 4619 GFVSX 38147X630
Inv. 4010 GFVIX 38147X663
P 7201 GGYPX 38150B772
R 4009 GFVRX 38147X655
R6 4620 GFVUX 38147X648
GOLDMAN SACHS INTERNATIONAL EQUITY FUNDS
International Equity A 2675 GSAKX 38144N502
Income Fund C 2677 GSCKX 38144N700
Inst. 2678 GSIKX 38144N809
Inv. 3223 GSTKX 38145N444
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Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS INTERNATIONAL EQUITY FUNDS (continued)
International Equity P 7226 GSNPX 38150B269
Income Fund (cont.) R 3222 GSRKX 38145N451
R6 4673 GSUKX 38148U478
International Equity Dividend A 3295 GIDAX 38144N486
and Premium Fund C 3296 GIDCX 38144N478
Inst. 3297 GIDHX 38144N494
Inv. 3737 GIRVX 38145C547
P 7239 GGHPX 38150B616
International Equity ESG A 815 GSIFX 38141W596
Fund C 845 GSICX 38142B328
Inst. 867 GSIEX 38141W448
Svc. 637 GSISX 38141W430
Inv. 3726 GIRNX 38145C588
P 7216 GTFPX 38150B152
R6 4653 GSIWX 38148U486
International Equity A 073 GCIAX 38142V878
Insights Fund C 083 GCICX 38142V852
Inst. 863 GCIIX 38142V845
Svc. 633 GCISX 38142V837
Inv. 3217 GCITX 38145N519
P 7218 GGFPX 38150B590
R 3216 GCIRX 38145N527
R6 4657 GCIUX 38147X242
International Small Cap A 3170 GICAX 38144N627
Insights Fund C 3171 GICCX 38144N619
Inst. 3172 GICIX 38144N593
Inv. 3730 GIRLX 38145C554
P 7219 GGDPX 38150B574
R6 4659 GICUX 38147X234
GQG Partners International A 4941 GSIHX 38147N327
Opportunities Fund C 4942 GSILX 38147N319
Inst. 4945 GSIMX 38147N293
Inv. 4944 GSINX 38147N285
P 7252 GGIPX 38147N228
R 4943 GSIQX 38147N277
R6 4946 GSIYX 38147N269
GOLDMAN SACHS EMERGING MARKETS EQUITY FUNDS
China Equity Fund A 880 GSAGX 38141W570
C 850 GSACX 38142B294
Inst. 654 GSAIX 38141W455
Inv. 3937 GSAEX 38147X804
P 7213 GMEPX 38150B400
R6 7161 GSAFX 38148U130
Emerging Markets A 831 GEMAX 38142B450
Equity Fund C 833 GEMCX 38142B252
Inst. 652 GEMIX 38142B369
Svc. 742 GEMSX 38142B351
Inv. 3729 GIRMX 38145C596
P 7214 GAHPX 38150B855
R6 4649 GEMUX 38147X226
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS EMERGING MARKETS EQUITY FUNDS
(continued)
Emerging Markets Equity A 3167 GERAX 38144N585
Insights Fund C 3168 GERCX 38144N577
Inst. 3169 GERIX 38144N569
Inv. 3731 GIRPX 38145C562
P 7215 GAGPX 38150B848
ESG Emerging Markets A 7261 GEBAX 38150C861
Equity Fund1 C 7262 GEBCX 38150C853
Inst. 7265 GEBIX 38150C846
Inv. 7264 GEBNX 38150C838
P 7279 GEPPX 38150C796
R 7263 GEBRX 38150C820
R6 7266 GEBSX 38150C812
Imprint Emerging Markets A 3800 GSYAX 38145L869
Opportunities Fund1 C 3801 GSYCX 38145L851
Inst. 3803 GSYIX 38145L844
Inv. 3802 GSYRX 38145L836
P 7221 GMKPX 38150B442
R6 7162 GSYFX 38148U122
GOLDMAN SACHS TAX AWARE PORTFOLIOS
International Tax-Managed A 3292 GATMX 38144N528
Equity Fund C 3293 GCTMX 38144N510
Inst. 3294 GHTMX 38144N536
Inv. 3735 GITRX 38145C539
P 7241 GGCPX 38150B566
US Tax-Managed A 1250 GCTAX 38142Y674
Equity Fund C 1252 GCTCX 38142Y658
Inst. 1253 GCTIX 38142Y641
Svc. 1254 GCTSX 38142Y633
Inv. 3734 GQIRX 38145C521
P 7246 GSDPX 38150B178
GOLDMAN SACHS FIXED INCOME SHORT DURATION AND
GOVERNMENT FUNDS
Enhanced Income Fund† A 1996 GEIAX 38142Y534
Admin. 1279 GEADX 38142Y526
Inst. 1999 GEIIX 38142Y518
Inv. 3721 GHIRX 38145L877
P 7176 GAEPX 38150B822
R6 4630 GEIUX 38147X622
Government Income Fund A 812 GSGOX 38141W604
C 842 GSOCX 38142B211
Inst. 657 GSOIX 38142V761
Svc. 658 GSOSX 38142V753
Inv. 3244 GSOTX 38145N345
P 7178 GGTPX 38150B723
R 3243 GSORX 38145N352
R6 4633 GSOUX 38147X572
High Quality Floating A 677 GSAMX 38141W703
Rate Fund† Inst. 450 GSARX 38141W208
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Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS FIXED INCOME SHORT DURATION AND
GOVERNMENT FUNDS (continued)
High Quality Floating Svc. 452 GSASX 38141W877
Rate Fund† (cont.) Inv. 3241 GTATX 38145N378
P 7179 GGOPX 38150B673
R6 4636 GTAUX 38147X614
Inflation Protected A 3153 GSAPX 38144N866
Securities Fund C 3154 GSCFX 38144N858
Inst. 3155 GSIPX 38144N841
Inv. 3252 GSTPX 38145N253
P 7183 GGJPX 38150B624
R 3251 GSRPX 38145N261
R6 4638 GSRUX 38147X580
Short Duration Bond Fund1 A 3832 GDIAX 38145L646
C 3833 GDICX 38145L638
Inst. 3836 GDFIX 38145L620
Inv. 3835 GSSRX 38145L612
P 7187 GMCPX 38150B384
R 3834 GIFRX 38145L596
R6 4644 GDIUX 38147X564
Short Duration A 809 GSSDX 38142B476
Government Fund C 839 GSDCX 38142B237
Inst. 447 GSTGX 38141W307
Svc. 449 GSDSX 38141W869
Inv. 3242 GTDTX 38145N360
P 7186 GMDPX 38150B392
R6 4643 GSTUX 38147X598
Short-Term Conservative A 4043 GPAPX 38148U288
Income Fund† Admin 3929 GPPAX 38147X606
Inst. 3928 GPPIX 38147X705
Inv. 7268 GPPOX 38147X218
P 7146 GMBPX 38150B376
R6 7189 GPPSX 38145L133
Pref. 4044 GPPPX 38148U270
GOLDMAN SACHS FIXED INCOME MULTI-SECTOR FUNDS
Core Fixed Income Fund A 811 GCFIX 38142B419
C 841 GCFCX 38142B229
Inst. 459 GSFIX 38141W810
Svc. 461 GSCSX 38141W786
Inv. 3246 GDFTX 38145N329
P 7173 GAKPX 38150B889
R 3245 GDFRX 38145N337
R6 4627 GCFUX 38147X333
Bond Fund A 2670 GSFAX 38143H449
C 2672 GSFCX 38143H423
Inst. 2650 GSNIX 38143H415
Svc. 2651 GSNSX 38143H399
Inv. 3248 GSNTX 38145N295
P 7172 GMVPX 38150B509
R 3247 GSNRX 38145N311
R6 4625 GSFUX 38147X556
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS FIXED INCOME MULTI-SECTOR FUNDS
(continued)
Global Core Fixed A 818 GSGIX 38141W109
Income Fund C 848 GSLCX 38142B187
Inst. 869 GSGLX 38141W737
Svc. 639 GGISX 38141W729
Inv. 3718 GBIRX 38144N155
P 7177 GGXPX 38150B764
R6 4632 GBIUX 38147X549
Income Fund A 2494 GSCHX 38150C754
C 2495 GSCJX 38150C747
Inst. 2491 GSNCX 38150C739
Inv. 2497 GSCMX 38150C721
P 2493 GSCUX 38150C689
R 2496 GSCNX 38150C713
R6 2492 GSCRX 38150C697
Strategic Income Fund A 3712 GSZAX 38145C661
C 3713 GSZCX 38145C653
Inst. 3716 GSZIX 38145C646
Inv. 3715 GZIRX 38145C638
P 7190 GSOPX 38150B277
R 3714 GSZRX 38145C620
R6 4645 GSZUX 38147X531
GOLDMAN SACHS FIXED INCOME MUNICIPAL/TAX-FREE FUNDS
High Yield Municipal Fund A 1255 GHYAX 38142Y625
C 1257 GHYCX 38142Y591
Inst. 1258 GHYIX 38142Y583
Inv. 3720 GYIRX 38144N213
P 7181 GGLPX 38150B640
R6 7142 GHYSX 38145L216
Dynamic Municipal A 816 GSMIX 38141W828
Income Fund C 846 GSMUX 38142B195
Inst. 144 GSMTX 38142V746
Svc. 145 GSMEX 38142V738
Inv. 3719 GUIRX 38144N221
P 7174 GAJPX 38150B871
R6 7140 GYISX 38145L190
Short Duration A 810 GSDTX 38142B492
Tax Free Fund C 840 GSTCX 38142B245
Inst. 453 GSDUX 38141W406
Svc. 455 GSFSX 38141W885
Inv. 3717 GDIRX 38144N239
P 7188 GANPX 38150C309
R6 7141 GDUSX 38145L182
GOLDMAN SACHS FIXED INCOME SINGLE-SECTOR FUNDS
Emerging Markets A 2050 GSDAX 38143H803
Debt Fund C 2609 GSCDX 38143H456
Inst. 2051 GSDIX 38143H886
Inv. 3722 GSIRX 38144N171
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Goldman Sachs Asset Management | 8
September 2021
Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS FIXED INCOME SINGLE-SECTOR FUNDS
(continued)
Emerging Markets P 7175 GAIPX 38150B863
Debt Fund (cont) R6 4629 GSIUX 38148U882
High Yield Fund A 808 GSHAX 38141W653
C 838 GSHCX 38142B179
Inst. 527 GSHIX 38141W679
Svc. 528 GSHSX 38141W661
Inv. 3250 GSHTX 38145N279
P 7182 GGMPX 38150B657
R 3249 GSHRX 38145N287
R6 4637 GSHUX 38148U874
High Yield Floating A 3707 GFRAX 38145C471
Rate Fund C 3708 GFRCX 38145C463
Inst. 3711 GSFRX 38145C455
Inv. 3710 GFRIX 38145C448
P 7180 GGNPX 38150B665
R6 7144 GFRSX 38145L166
Investment Grade CreditFund A 2054 GSGAX 38143H852
Inst. 2055 GSGDX 38143H845
Inv. 3724 GTIRX 38144N189
P 7192 GGBPX 38150B558
R6 4640 GTIUX 38148U866
Local Emerging Markets A 3285 GPAPX 38145N105
Debt Fund C 3286 GCMDX 38145N204
Inst. 3287 GIMDX 38145N303
Inv. 3725 GLIRX 38144N163
P 7184 GMWPX 38150B517
R6 7145 GIMSX 38145L174
US Mortgages Fund A 2052 GSUAX 38143H878
Inst. 2053 GSUIX 38143H860
Inv. 3723 GGIRX 38144N197
P 7193 GSBPX 38150B160
R6 4646 GGIUX 38148U858
GOLDMAN SACHS DAILY LIQUID ALTERNATIVES FUNDS
Absolute Return A 3275 GARTX 38145N246
Tracker Fund C 3276 GCRTX 38145N238
Inst. 3279 GJRTX 38145N220
Inv. 3278 GSRTX 38145N113
P 7230 GSGPX 38150B202
R 3277 GRRTX 381415N121
R6 4623 GRRTX 38147X325
Alternative Premia Fund A 3624 GDAFX 38145L505
C 3625 GDCFX 38145L604
Inst. 3628 GDIFX 38145L885
Inv. 3627 GDHFX 38145L802
P 7231 GSSPX 38150B301
R 3626 GDRFX 38145L703
R6 4628 GDHUX 38147X291
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS DAILY LIQUID ALTERNATIVES FUNDS
(continued)
Long Short Credit A 3917 GSAUX 38145L273
Strategies Fund C 3918 GSAVX 38145L265
Inst. 3921 GSAWX 38145L257
Inv. 3920 GSAYX 38145L240
P 7185 GMUPX 38150B491
R6 7147 GSSAX 38145L141
ManagedFuture A 3817 GMSAX 38145C422
Strategy Fund C 3818 GMSCX 38145C414
Inst. 3821 GMSSX 38145C398
Inv. 3820 GFIRX 38145C380
P 7242 GMQPX 38150B483
R 3819 GFFRX 38145C372
Multi-Manager A 3881 GMAMX 38147N103
Alternatives Fund C 3882 GMCMX 38147N202
Inst. 3880 GSMMX 38147N301
Inv. 3884 GIMMX 38147N400
P 7253 GMMPX 38147N210
R 3883 GRMMX 38147N509
R6 7171 GSMFX 38147N236
GOLDMAN SACHS ALTERNATIVE COMMODITIES FUNDS
Commodity Strategy Fund A 2673 GSCAX 38143H373
C 2674 GSCCX 38143H365
Inst. 2653 GCCIX 38143H381
Inv. 3240 GCCTX 38145N386
P 7233 GGRPX 38150B707
R 3239 GCCRX 38145N394
R6 4626 GCCUX 38147X317
GOLDMAN SACHS ALTERNATIVES REAL ESTATE/
INFRASTRUCTURE FUNDS
Clean Energy Income Fund A 7294 GCEBX 38150C671
C 7295 GCEGX 38150C663
Inst. 7298 GCEDX 38150C655
Inv. 7297 GCEJX 38150C648
P 7350 GCEPX 38150C614
R 7296 GCEHX 38150C630
R6 7299 GCEEX 38150C622
Global Infrastructure Fund A 4017 GGIAX 38148U833
C 4018 GGICX 38148U825
Inst. 4021 GGIDX 38148U817
Inv. 4020 GGINX 38148U79
P 7235 GGWPX 38150B756
R 4019 GGIEX 38148U783
R6 4022 GGIJX 38148U775
Global Real Estate A 4011 GARGX 38148U767
Securities Fund C 4012 GARKX 38148U759
Inst. 4015 GARSX 38148U742
Inv. 4014 GARJX 38148U734
June 2021Pricing Guide and Fund Summary
Goldman Sachs Asset Management | 9
September 2021
Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS TOTAL PORTFOLIO SOLUTIONS FUNDS
Balanced Strategy Portfolio A 076 GIPAX 38142V688
C 086 GIPCX 38142V662
Inst. 647 GIPIX 38142V548
Svc. 747 GIPSX 38142V530
Inv. 3225 GIPTX 38145N790
P 7232 GAOPX 38150C408
R 3224 GIPRX 38145N816
R6 4624 GIPUX 38148U106
Growth and Income A 074 GOIAX 38142V654
Strategy Portfolio C 084 GOICX 38142V639
Inst. 655 GOIIX 38142V522
Svc. 745 GOISX 38142V514
Inv. 3227 GPITX 38145N774
P 7237 GGSPX 38150B715
R 3226 GPIRX 38145N782
R6 4634 GOIUX 38148U205
Growth Strategy Portfolio A 075 GGSAX 38142V621
C 085 GGSCX 38142V597
Inst. 656 GGSIX 38142V498
Svc. 746 GGSSX 38142V480
Inv. 3229 GGSTX 38145N758
P 7238 GGPPX 38150B681
R 3228 GGSRX 38145N766
R6 4631 GGSUX 38148U304
Dynamic Global Equity A 077 GAPAX 38142V571
Fund C 087 GAXCX 38142V555
Inst. 645 GAPIX 38142V472
Svc. 825 GAPSX 38142V464
Inv. 3231 GAPTX 38145N733
P 7234 GADPX 38150B814
R 3230 GAPRX 38145N741
R6 4631 GAPUX 38148U403
Goldman Sachs Target Date A 7024 GTAHX 38147N855
Retirement Portfolio Inst. 7000 GTIHX 38147N848
Svc. 7001 GTVHX 38147N830
Inv. 7026 GTMHX 38147N822
R 7025 GTRHX 38147N814
R6 7002 GTZHX 38147N798
Goldman Sachs Target Date A 7027 GTADX 38147N780
2025 Portfolio Inst. 7003 GTIFX 38147N772
Svc. 7004 GTVFX 38147N764
Inv. 7029 GTMFX 38147N756
R 7028 GTRDX 38147N749
R6 7005 GTZFX 38147N731
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS ALTERNATIVES REAL ESTATE/
INFRASTRUCTURE FUNDS (continued)
Global Real Estate P 7236 GGUPX 38150B731
Securities Fund (cont.) R 4013 GARHX 38148U726
R6 4016 GARVX 38148U718
International Real Estate A 2617 GIRAX 38143H589
Securities Fund C 2618 GIRCX 38143H571
Inst. 2607 GIRIX 38143H563
Inv. 3238 GIRTX 38145N410
P 7240 GGEPX 38150B582
R6 4639 GIRUX 38147X283
Energy Infrastructure Fund A 7129 GLEAX 38148U262
C 7130 GLECX 38148U254
Inst. 7133 GLESX 38148U221
Inv. 7132 GLESX 38148U213
P 7228 GAMPX 38150C200
R 7131 GLESX 38148U247
R6 7134 GLESX 38148U239
MLP Energy A 7129 GLEAX 38148U262
Infrastructure Fund C 7130 GLECX 38148U254
Inst. 7133 GLESX 38148U221
Inv. 7132 GLESX 38148U213
P 7229 GMNPX 38150B459
R 7131 GLESX 38148U247
R6 7164 GLPSX 38150C887
Real Estate Securities Fund A 072 GREAX 38142V829
C 082 GRECX 38142V795
Inst. 649 GREIX 38142V787
Svc. 829 GRESX 38142V779
Inv. 3237 GRETX 38145N428
P 7243 GMJPX 38150B434
R 3236 GRERX 38145N436
GOLDMAN SACHS PORTFOLIO SOLUTIONS DIVERSIFICATION/
COMPLETION FUNDS
Satellite Strategies Portfolio A 2400 GXSAX 38143H357
C 2401 GXSCX 38143H340
Inst. 2402 GXSIX 38143H332
Svc. 3350 GXSSX 38145L406
Inv. 3235 GXSTX 38145N683
P 7244 GMFPX 38150B418
R 3234 GXSRX 38145N691
R6 4642 GXSUX 38148U502
GOLDMAN SACHS PORTFOLIO SOLUTIONS INCOME FUNDS
Income Builder Fund A 070 GSBFX 38141W562
C 830 GSBCX 38142B286
Inst. 861 GSBIX 38142B161
Inv. 3727 GKIRX 38145C497
P 7217 GGKPX 38150B632
R6 4656 GSBUX 38148U809
June 2021Pricing Guide and Fund Summary
Goldman Sachs Asset Management | 10
September 2021
Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS TOTAL PORTFOLIO SOLUTIONS FUNDS
(continued)
Goldman Sachs Target Date A 7030 GTAJX 38147N723
2030 Portfolio Inst. 7006 GTIJX 38147N715
Svc. 7007 GTVJX 38147N699
Inv. 7032 GTMJX 38147N681
R 7031 GTRJX 38147N673
R6 7008 GTZJX 38147N665
Goldman Sachs Target Date A 7033 GTALX 38147N657
2035 Portfolio Inst. 7009 GTIOX 38147N640
Svc. 7010 GTVOX 38147N632
Inv. 7035 GTMPX 38147N624
R 7034 GTROX 38147N616
R6 7011 GTZLX 38147N590
Goldman Sachs Target Date A 7036 GTAMX 38147N582
2040 Portfolio Inst. 7012 GTIMX 38147N566
Svc. 7013 GTVMX 38147N566
Inv. 7038 GTMMX 38147N558
R 7037 GTRMX 38147N541
R6 7014 GTZMX 38147N533
Goldman Sachs Target Date A 7039 GTAQX 38147N525
2045 Portfolio Inst. 7015 GTIQX 38147N517
Svc. 7016 GTVEX 38147N491
Inv. 7041 GTMQX 38147N483
R 7040 GTREX 38147N475
R6 7017 GTZQX 38147N467
Goldman Sachs Target Date A 7042 GTASX 38147N459
2050 Portfolio Inst. 7018 GTIPX 38147N442
Svc. 7019 GTVSX 38147N434
Inv. 7044 GTMAX 38147N426
R 7043 GTRSX 38147N418
R6 7020 GTZSX 38147N392
Goldman Sachs Target Date A 7045 GTANX 38147N384
2055 Portfolio Inst. 7021 GTIWX 38147N376
Svc. 7022 GTVIX 38147N368
Inv. 7047 GTMWX 38147N350
R 7046 GTRZX 38147N343
R6 7023 GTZWX 38147N335
Goldman Sachs Target Date A 7255 GTBAX 38147N194
2060 Portfolio Inst. 7258 GTBCX 38147N186
Svc. 7259 GTBSX 38147N178
Inv. 7257 GTBIX 38147N145
R 7256 GTBRX 38147N160
R6 7260 GTBBX 38147N152
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS TAX/AWARE PORTFOLIOS
Goldman Sachs Enhanced A 3322 GADGX 38143H167
Dividend Global Equity Inst. 3323 GIDGX 38143H175
R6 7153 GRGDX 38148U197
P 7198 GAFPX 38150B830
Goldman Sachs Tax- A 3320 TAGGX 38142B120
Advantaged Global Equity Inst. 3321 TIGGX 38142B112
R6 7152 TRGGX 38148U189
P 7210 GSKPX 38150B236
GOLDMAN SACHS MONEY MARKET FUNDS
Goldman Sachs Financial Inst. 4683 FIRXX 38148U692
Square Federal Instruments Select 4687 FIJXX 38148U635
Fund Pref. 4686 FIHXX 38148U650
Capital 4688 FIKXX 38148U676
Admin. 4684 FIOXX 38148U684
Prem. 4689 FIQXX 38148U643
Svc. 4685 FILXX 38148U627
CMS 4690 FIWXX 38148U668
Goldman Sachs Financial Inst. 465 FGTXX 38141W273
Square Government Fund Select 1237 GSGXX 38142Y716
Pref. 488 GPGXX 38141W240
Capital 1859 GCGXX 38143H506
Admin. 466 FOAXX 38141W265
Prem. 3511 GGPXX 38145C836
Svc. 467 FOSXX 38141W257
Res. 3518 GVRXX 38145C810
CMS 3525 GVCXX 38145C828
R6 4676 FGGXX 38148U619
A 4023 FSOXX 38148U452
C 4024 FSGXX 38148U445
Goldman Sachs Financial Inst. 474 FSMXX 38141W232
Square Money Market Fund Select 1238 GSMXX 38142Y740
Pref. 490 GPMXX 38141W190
Capital 1860 GCKXX 38143H209
Admin. 475 FADXX 38141W224
Prem. 3513 GPRXX 38145C802
Svc. 476 FSVXX 38141W216
Res. 3520 GREXX 38145C885
CMS 3527 GSCXX 38145C877
Goldman Sachs Financial Inst. 462 FPOXX 38141W364
Square Prime Obligations Select 1235 GSPXX 38142Y757
Fund Pref. 487 GPPXX 38141W331
Capital 1857 GCPXX 38143H100
Admin. 463 FBAXX 38141W356
Prem. 3510 GOPXX 38145C869
Svc. 464 FBSXX 38141W349
Res. 3517 GBRXX 38145C844
CMS 3524 GFOXX 38145C851
June 2021Pricing Guide and Fund Summary
Goldman Sachs Asset Management | 11
September 2021
Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS MONEY MARKET FUNDS (continued)
Goldman Sachs Financial Inst. 520 FTIXX 38142B500
Square Treasury Instruments Select 1242 GSIXX 38142Y724
Fund Pref. 523 GPIXX 38142B807
Capital 1863 GCIXX 38143H407
Admin. 521 FRAXX 38142B609
Prem. 3516 GIPXX 38145C737
Svc. 522 FYSXX 38142B708
Res. 3523 GIRXX 38145C711
CMS 3530 GICXX 38145C729
Goldman Sachs Financial Inst. 468 FTOXX 38141W323
Square Treasury Obligations Select 1236 GSOXX 38142Y732
Fund Pref. 489 GPOXX 38141W281
Capital 1858 GCTXX 38143H308
Admin. 469 FGAXX 38141W315
Prem. 3512 GTPXX 38145C794
Svc. 470 FYAXX 38141W299
Res. 3519 GTRXX 38145C778
CMS 3526 GTOXX 38145C786
Goldman Sachs Financial Inst. 520 FEDXX 38142B880
Square Treasury Solutions Select 1242 GSFXX 38142Y690
Fund Pref. 523 GPFXX 38142B856
Capital 1863 GCFXX 38143H605
Admin. 521 FVAXX 38142B872
Prem. 3516 GFPXX 38145C760
Svc. 522 FVSXX 38142B864
Res. 3523 GFRXX 38145C745
CMS 3530 GFCXX 38145C752
Goldman Sachs Investor Inst. 4694 FMJXX 38148U577
Money Market Fund Admin. 4695 FMKXX 38148U569
Svc. 4792 FHSXX 38148U296
Res. 4793 FHRXX 38148U312
CMS 4794 FHMXX 38148U320
A 4696 FMEXX 38148U593
C 4697 FMGXX 38148U585
Government Funds Institutional Funds Retail Funds
GS Financial Square Government Fund
GS Financial Square Federal Instruments Fund
GS Financial Square Treasury Instruments Fund
GS Financial Square Treasury Obligations Fund
GS Financial Square Treasury Solutions Fund
GS Financial Square Money Market Fund
GS Financial Square Prime Obligations Fund
GS Investor Money Market Fund
GS Investor Tax-Exempt Money Market
Fund
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS MONEY MARKET FUNDS (continued)
Goldman Sachs Investor Inst. 477 FTXXX 38141W182
Tax-Exempt Money Market Select 1239 GSTXX 38142Y682
Fund Pref. 491 GPTXX 38141W158
Capital 1861 GCXXX 38143H704
Admin. 478 FEAXX 38141W174
Prem. 3514 GXPXX 38145C695
Svc. 479 FESXX 38141W166
Res. 3521 GXRXX 38145C679
CMS 3528 GXCXX 38145C687
A 4025 FKIXX 38148U353
C 4026 FCYXX 38148U346
Goldman Sachs Funds
Pricing Guide and Fund Summary
September 2021
Goldman Sachs Asset Management | 12
SUMMARY OF PRICING FEATURES
Please see prospectus and the following charts for more information.
Contact your Financial Advisor for more information on Goldman Sachs Interval Funds.
MaximumFront-End Sales Load
ContingentDeferredSales Charge
Conversion toA Shares
Maximum DealerReallowance
Class Fee toIntermediary (bps)
Up-frontCommissions
Minimum /MaximumInvestment
Share RepurchaseFrequency
Class A
(front-end load)
5.75% N/A N/A 5.50% 0.25% accrues
immediately, paid
monthly
N/A $2,500 / None Quarterly
Class C
(level load)
N/A 1% if shares are
tendered for
repurchase within
12 months of
purchase
N/A N/A 1.00% begins
accruing in month
13, paid monthly
1.00% $2,500 / None Quarterly
Class I N/A N/A N/A N/A N/A N/A $2,500 / None Quarterly
Class L 4.25% N/A N/A N/A 0.50% accrues
immediately, paid
monthly
N/A $2,500 / None Quarterly
Class W N/A N/A N/A N/A 0.25% accrues
immediately, paid
monthly
N/A $2,500 / None Quarterly
Class P N/A N/A N/A N/A N/A N/A None / None Quarterly
June 2021Pricing Guide and Fund Summary
Goldman Sachs Asset Management | 13
September 2021
Pricing Guide
Interval Fund
Breakpoint Sales Charge Dealer Allowance
Up to $99,999 5.75% 5.50%
$100,000 to $249,999 4.75% 4.50%
$250,000 to $499,999 3.75% 3.50%
$500,000 to $999,999 2.50% 2.25%
$1 million and over 1.00% 1.00%
• Real Estate Diversified Income Fund
CLASS A BREAKPOINTS
Interval Fund
Breakpoint Sales Charge Dealer Allowance
Up to $249,999 4.25% 3.50%
$250,000 to $499,999 3.25% 2.50%
$500,000 to $999,999 2.00% 1.50%
$1 million and over 1.00% 1.00%
• Real Estate Diversified Income Fund
CLASS L BREAKPOINTS
Interval Funds Summary
Fund Name Class Fund # NASDAQ CUSIP
GOLDMAN SACHS INTERVAL FUNDS
Real Estate Diversified Income Fund A 7280 GSRDX 38149R102
C 7281 GSREX 38149R201
I 7282 GSRHX 38149R409
W 7283 GSRQX 38149R805
L 7284 GSRJX 38149R508
P 7411 GCADX 38149R888
June 2021Pricing Guide and Fund Summary
Goldman Sachs Asset Management | 14
September 2021
NOT FDIC-INSURED May Lose Value No Bank GuaranteePRICINGQFU/10-21
For more information about Goldman Sachs Target Date Portfolios please visit GSAMFUNDS.com/TargetDate.
Target Date Funds are subject to the risks associated with the underlying funds in which they invest. These risks change over time as the
fund’s asset allocation strategy adjusts as it approaches its target date. There is no assurance any target date fund will achieve its
investment objective. The principal value of an investment in a target date fund is not guaranteed at any time including at its target date.
GQG Partners is the sub-adviser to the GS GQG Partners International Opportunities Fund.
You may also visit our web site at www.GSAMFUNDS.com
A summary prospectus, if available, or a Prospectus for the Fund containing more information may be obtained from your Authorized
Institution or from Goldman Sachs & Co. LLC by calling (retail – 1-800-526-7384) (institutional – 1-800-621-2550). Please consider a fund’s
objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing.
The summary prospectus, if available, and the Prospectus contains this and other information about the Fund.
Goldman Sachs & Co. LLC is the distributor of the Goldman Sachs Funds.
© 2021 Goldman Sachs. All Rights Reserved. Date of first use: October 1, 2021. 218297-TMPL-10/2020.