AN
INVESTMENT IN THE FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THE FUND
INVOLVES
INVESTMENT RISKS, AND YOU MAY LOSE MONEY IN THE
FUND. |
|
|
|
Class
A |
Class
C |
Institutional |
Service |
Investor |
Class
R |
Class
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases
(as a percentage of offering price) |
|
|
|
|
|
|
|
Maximum
Deferred Sales Charge (Load) (as a
percentage
of the lower of original purchase
price
or sale proceeds)1
|
|
|
|
|
|
|
|
|
Class
A |
Class
C |
Institutional |
Service |
Investor |
Class
R |
Class
R6 |
Management
Fees |
|
|
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
|
|
Other
Expenses2 |
|
|
|
|
|
|
|
Service
Fees |
|
|
|
|
|
|
|
Shareholder
Administration Fees |
|
|
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
|
|
Acquired
Fund Fees and Expenses |
|
|
|
|
|
|
|
Total
Annual Fund Operating Expenses3 |
|
|
|
|
|
|
|
Expense
Limitation4 |
( |
( |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After
Expense
Limitation3 |
|
|
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Service
Shares |
$ |
$ |
$ |
$ |
Investor
Shares |
$ |
$ |
$ |
$ |
Class
R Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Class
A Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Class
C Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Institutional
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Service
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Class
R Shares |
|
|
|
|
Returns |
|
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
MSCI®
ACWI Index (Net, USD, Unhedged; reflects no deduction for fees or
expenses) |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVE |
PRINCIPAL
INVESTMENT STRATEGIES |
ADDITIONAL
FEES AND EXPENSES INFORMATION |
ADDITIONAL
PERFORMANCE INFORMATION |
OTHER
INVESTMENT PRACTICES AND
SECURITIES |
10 Percent
of total assets (including securities lending collateral) (italic
type)
10 Percent
of net assets (excluding borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund |
Dynamic
Global
Equity
Fund |
Investment
Practices |
|
Borrowings |
33 1∕3 |
Credit,
Currency, Equity, Index, Interest Rate, Excess Return, Total Return and
Mortgage Swaps and Options on Swaps |
• |
Cross
Hedging of Currencies |
• |
Custodial
Receipts and Trust Certificates |
• |
Direct
Equity Investment |
• |
Foreign
Currency Transactions (including forward contracts) |
• |
Futures
Contracts and Options and Swaps on Futures Contracts |
• |
Illiquid
Investments* |
15 |
Interest
Rate Caps, Floors and Collars |
• |
Investment
Company Securities (including ETFs)1
|
10 |
Mortgage
Dollar Rolls |
• |
Options
on Foreign Currencies |
• |
Options
on Futures |
• |
Options
on Securities and Securities Indices2
|
• |
Repurchase
Agreements |
• |
Reverse
Repurchase Agreements (for investment purposes) |
• |
Short
Sales |
• |
Short
Sales Against the Box |
• |
Unseasoned
Companies |
• |
When-Issued
Securities and Forward Commitments |
• |
10 Percent
of total assets (including securities lending collateral) (italic
type)
10 Percent
of net assets (excluding borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund |
Dynamic
Global
Equity
Fund |
Investment
Securities |
|
American,
European and Global Depositary Receipts |
• |
Commodity-Linked
Derivative Instruments |
• |
Emerging
Country Securities |
• |
Equity
Investments |
• |
Fixed
Income Securities3
|
20 |
Foreign
Securities |
• |
Preferred
Stock, Warrants and Stock Purchase Rights |
• |
Real
Estate Investment Trusts |
• |
Temporary
Investments |
• |
U.S.
Government Securities3
|
• |
Yield
Curve Options and Inverse Floating Rate Securities |
• |
✓ Principal
Risk
• Additional
Risk |
Dynamic
Global
Equity
Fund |
Absence
of Regulation |
• |
Asset
Allocation |
✓ |
Counterparty |
✓ |
Cybersecurity |
• |
Derivatives |
✓ |
Emerging
Countries |
✓ |
Expenses |
✓ |
Foreign |
✓ |
Geographic |
✓ |
Investing
in the Underlying Funds |
✓ |
Investment
Style |
• |
Investments
in Affiliated Underlying Funds |
✓ |
Investments
in ETFs |
✓ |
Large
Shareholder Transactions |
✓ |
Leverage |
✓ |
Liquidity |
✓ |
Market |
✓ |
NAV |
• |
Non-Hedging
Foreign Currency Trading |
✓ |
Option
Writing |
• |
Swaps |
✓ |
Temporary
Investments |
✓ |
U.S.
Government Securities |
• |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P.
200
West Street
New
York, NY 10282 |
Dynamic
Global Equity Fund |
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund |
Contractual
Management
Fee
Annual
Rate |
Actual
Rate
for
the
Period
Ended
December
31, 2023 |
Dynamic
Global Equity Fund |
0.15% |
0.15% |
PORTFOLIO
MANAGERS |
Name
and Title |
Years
Primarily
Responsible |
Five
Year Employment History |
Neill
Nuttall
Managing
Director,
Chief
Investment Officer |
Since
2019 |
Mr.
Nuttall is a Managing Director and the Chief Investment Officer in the
Multi-Asset
Solutions
Group in GSAM. He joined Goldman Sachs in 2014. |
Siwen
Wu
Vice
President |
Since
2021 |
Mr.
Wu is a Vice President in the Multi-Asset Solutions Group. He is a
portfolio manager
focused
on multi-asset investment funds, institutional clients and alternative
risk premia
strategies.
Mr. Wu joined the firm in
2011. |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
|
Investment
Income
Distributions |
Capital
Gains
Distributions |
Fund |
Declared
and Paid |
Declared
and Paid |
Dynamic
Global Equity Fund |
Annually |
Annually |
How
To Buy Shares |
|
Initial |
Additional* |
Regular
Accounts |
$1,000 |
$50 |
Employee
Benefit Plans |
No
Minimum |
No
Minimum |
Uniform
Gift/Transfer to Minors Accounts (UGMA/UTMA) |
$250 |
$50 |
Individual
Retirement Accounts and Coverdell ESAs |
$250 |
$50 |
Automatic
Investment Plan Accounts |
$250 |
$50 |
NAV
= |
(Value
of Assets of the Class)
–
(Liabilities of the Class) |
|
Number
of Outstanding Shares of the
Class |
Common
Questions Applicable to the Purchase of
Class
A Shares |
Amount
of Purchase
(including
sales charge, if any) |
Sales
Charge as
Percentage
of
Offering
Price |
Sales
Charge
as
Percentage
of
Net Amount
Invested |
Maximum
Dealer
Allowance
as
Percentage
of
Offering
Price* |
Less
than $50,000 |
5.50% |
5.82% |
5.00% |
$50,000
up to (but less than) $100,000 |
4.75 |
4.99 |
4.00 |
$100,000
up to (but less than) $250,000 |
3.75 |
3.90 |
3.00 |
$250,000
up to (but less than) $500,000 |
2.75 |
2.83 |
2.25 |
$500,000
up to (but less than) $1 million |
2.00 |
2.04 |
1.75 |
$1
million or more |
0.00** |
0.00** |
*** |
Common
Questions Applicable to the Purchase Of Class C
Shares |
Common
Questions Applicable to the Purchase Of
Class
A and C Shares |
How
To Sell Shares |
Shareholder
Services |
Distribution
and Service Fees |
Class
C Personal And Account Maintenance
Services
And Fees |
Service
Shares Service Plan And Shareholder
Administration
Plan |
Restrictions
on Excessive Trading
Practices |
DISTRIBUTIONS |
SALES
AND EXCHANGES |
OTHER
INFORMATION |
A. General
Portfolio Risks |
B.
Other Portfolio Risks |
C.
Investment Securities and
Techniques |
|
Goldman
Sachs Dynamic Global Equity Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$17.31 |
$22.80 |
$21.36 |
$19.32 |
$16.26 | |||||
Net
investment income(a)(b) |
0.31 |
0.28 |
0.31 |
0.18 |
0.29 | |||||
Net
realized and unrealized gain (loss) |
3.16 |
(4.67
) |
3.96 |
2.36 |
3.86 | |||||
Total
from investment operations |
3.47 |
(4.39
) |
4.27 |
2.54 |
4.15 | |||||
Distributions
to shareholders from net investment income |
(0.31
) |
(0.52
) |
(1.01
) |
(0.18
) |
(0.27
) | |||||
Distributions
to shareholders from net realized gains |
(0.68
) |
(0.55
) |
(1.82
) |
(0.32
) |
(0.82
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.03
) |
— |
— |
— | |||||
Total
distributions |
(0.99
) |
(1.10
) |
(2.83
) |
(0.50
) |
(1.09
) | |||||
Net
asset value, end of year |
$19.79 |
$17.31 |
$22.80 |
$21.36 |
$19.32 | |||||
Total
return(c) |
20.22
% |
(19.31
)% |
20.07
% |
13.15
% |
25.66
% | |||||
Net
assets, end of year (in 000s) |
$155,912 |
$140,666 |
$185,213 |
$166,449 |
$162,028 | |||||
Ratio
of net expenses to average net assets(d) |
0.56
% |
0.56
% |
0.56
% |
0.57
% |
0.58
% | |||||
Ratio
of total expenses to average net assets(d) |
0.70
% |
0.70
% |
0.60
% |
0.64
% |
0.66
% | |||||
Ratio
of net investment income to average net assets(b) |
1.62
% |
1.42
% |
1.29
% |
0.98
% |
1.56
% | |||||
Portfolio
turnover rate(e) |
37
% |
12
% |
4
% |
12
% |
40
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Recognition
of net investment income by the Fund is affected by the timing of
declaration of dividends by the Underlying Funds in which the Fund
invests. |
(c) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the year and no sales or redemption charges (if any). Total
returns would be reduced if a sales or redemption charge was taken into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
Expense
ratios exclude the expenses of the Underlying Funds in which the Fund
invests. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Dynamic Global Equity Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$16.72 |
$22.04 |
$20.71 |
$18.74 |
$15.77 | |||||
Net
investment income(a)(b) |
0.15 |
0.11 |
0.10 |
0.02 |
0.10 | |||||
Net
realized and unrealized gain (loss) |
3.06 |
(4.49
) |
3.86 |
2.28 |
3.77 | |||||
Total
from investment operations |
3.21 |
(4.38
) |
3.96 |
2.30 |
3.87 | |||||
Distributions
to shareholders from net investment income |
(0.16
) |
(0.37
) |
(0.81
) |
(0.01
) |
(0.08
) | |||||
Distributions
to shareholders from net realized gains |
(0.68
) |
(0.55
) |
(1.82
) |
(0.32
) |
(0.82
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.02
) |
— |
— |
— | |||||
Total
distributions |
(0.84
) |
(0.94
) |
(2.63
) |
(0.33
) |
(0.90
) | |||||
Net
asset value, end of year |
$19.09 |
$16.72 |
$22.04 |
$20.71 |
$18.74 | |||||
Total
return(c) |
19.37
% |
(19.91
)% |
19.19
% |
12.29
% |
24.72
% | |||||
Net
assets, end of year (in 000s) |
$6,436 |
$6,659 |
$10,309 |
$13,716 |
$17,348 | |||||
Ratio
of net expenses to average net assets(d) |
1.31
% |
1.31
% |
1.31
% |
1.32
% |
1.33
% | |||||
Ratio
of total expenses to average net assets(d) |
1.45
% |
1.45
% |
1.35
% |
1.39
% |
1.41
% | |||||
Ratio
of net investment income to average net assets(b) |
0.81
% |
0.59
% |
0.45
% |
0.13
% |
0.58
% | |||||
Portfolio
turnover rate(e) |
37
% |
12
% |
4
% |
12
% |
40
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Recognition
of net investment income by the Fund is affected by the timing of
declaration of dividends by the Underlying Funds in which the Fund
invests. |
(c) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the year and no sales or redemption charges (if any). Total
returns would be reduced if a sales or redemption charge was taken into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
Expense
ratios exclude the expenses of the Underlying Funds in which the Fund
invests. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Dynamic Global Equity Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$17.58 |
$23.13 |
$21.63 |
$19.55 |
$16.43 | |||||
Net
investment income(a)(b) |
0.38 |
0.35 |
0.39 |
0.23 |
0.34 | |||||
Net
realized and unrealized gain (loss) |
3.22 |
(4.73
) |
4.03 |
2.42 |
3.93 | |||||
Total
from investment operations |
3.60 |
(4.38
) |
4.42 |
2.65 |
4.27 | |||||
Distributions
to shareholders from net investment income |
(0.38
) |
(0.58
) |
(1.10
) |
(0.25
) |
(0.33
) | |||||
Distributions
to shareholders from net realized gains |
(0.68
) |
(0.55
) |
(1.82
) |
(0.32
) |
(0.82
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.04
) |
— |
— |
— | |||||
Total
distributions |
(1.06
) |
(1.17
) |
(2.92
) |
(0.57
) |
(1.15
) | |||||
Net
asset value, end of year |
$20.12 |
$17.58 |
$23.13 |
$21.63 |
$19.55 | |||||
Total
return(c) |
20.65
% |
(18.98
)% |
20.50
% |
13.56
% |
26.18
% | |||||
Net
assets, end of year (in 000s) |
$16,692 |
$14,970 |
$19,052 |
$14,179 |
$13,423 | |||||
Ratio
of net expenses to average net assets(d) |
0.20
% |
0.19
% |
0.19
% |
0.19
% |
0.20
% | |||||
Ratio
of total expenses to average net assets(d) |
0.33
% |
0.33
% |
0.24
% |
0.26
% |
0.28
% | |||||
Ratio
of net investment income to average net assets(b) |
1.99
% |
1.80
% |
1.62
% |
1.25
% |
1.82
% | |||||
Portfolio
turnover rate(e) |
37
% |
12
% |
4
% |
12
% |
40
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Recognition
of net investment income by the Fund is affected by the timing of
declaration of dividends by the Underlying Funds in which the Fund
invests. |
(c) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the year and no sales or redemption charges (if any). Total
returns would be reduced if a sales or redemption charge was taken into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
Expense
ratios exclude the expenses of the Underlying Funds in which the Fund
invests. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Dynamic Global Equity Fund | |||||||||
|
Service
Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$17.30 |
$22.78 |
$21.35 |
$19.30 |
$16.20 | |||||
Net
investment income(a)(b) |
0.27 |
0.25 |
0.29 |
0.15 |
0.21 | |||||
Net
realized and unrealized gain (loss) |
3.18 |
(4.66
) |
3.94 |
2.37 |
3.89 | |||||
Total
from investment operations |
3.45 |
(4.41
) |
4.23 |
2.52 |
4.10 | |||||
Distributions
to shareholders from net investment income |
(0.28
) |
(0.52
) |
(0.98
) |
(0.15
) |
(0.18
) | |||||
Distributions
to shareholders from net realized gains |
(0.68
) |
(0.55
) |
(1.82
) |
(0.32
) |
(0.82
) | |||||
Total
distributions |
(0.96
) |
(1.07
) |
(2.80
) |
(0.47
) |
(1.00
) | |||||
Net
asset value, end of year |
$19.79 |
$17.30 |
$22.78 |
$21.35 |
$19.30 | |||||
Total
return(c) |
20.09
% |
(19.39
)% |
19.90
% |
13.04
% |
25.49
% | |||||
Net
assets, end of year (in 000s) |
$252 |
$244 |
$310 |
$269 |
$380 | |||||
Ratio
of net expenses to average net assets(d) |
0.70
% |
0.69
% |
0.69
% |
0.69
% |
0.70
% | |||||
Ratio
of total expenses to average net assets(d) |
0.83
% |
0.83
% |
0.74
% |
0.76
% |
0.78
% | |||||
Ratio
of net investment income to average net assets(b) |
1.45
% |
1.30
% |
1.21
% |
0.79
% |
1.16
% | |||||
Portfolio
turnover rate(e) |
37
% |
12
% |
4
% |
12
% |
40
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Recognition
of net investment income by the Fund is affected by the timing of
declaration of dividends by the Underlying Funds in which the Fund
invests. |
(c) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the year and no sales or redemption charges (if any). Total
returns would be reduced if a sales or redemption charge was taken into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
Expense
ratios exclude the expenses of the Underlying Funds in which the Fund
invests. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Dynamic Global Equity Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$17.01 |
$22.43 |
$21.05 |
$19.04 |
$16.03 | |||||
Net
investment income(a)(b) |
0.35 |
0.33 |
0.38 |
0.23 |
0.30 | |||||
Net
realized and unrealized gain (loss) |
3.11 |
(4.60
) |
3.89 |
2.33 |
3.84 | |||||
Total
from investment operations |
3.46 |
(4.27
) |
4.27 |
2.56 |
4.14 | |||||
Distributions
to shareholders from net investment income |
(0.36
) |
(0.56
) |
(1.07
) |
(0.23
) |
(0.31
) | |||||
Distributions
to shareholders from net realized gains |
(0.68
) |
(0.55
) |
(1.82
) |
(0.32
) |
(0.82
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.04
) |
— |
— |
— | |||||
Total
distributions |
(1.04
) |
(1.15
) |
(2.89
) |
(0.55
) |
(1.13
) | |||||
Net
asset value, end of year |
$19.43 |
$17.01 |
$22.43 |
$21.05 |
$19.04 | |||||
Total
return(c) |
20.52
% |
(19.08
)% |
20.36
% |
13.44
% |
25.97
% | |||||
Net
assets, end of year (in 000s) |
$5,682 |
$4,888 |
$5,797 |
$4,908 |
$4,517 | |||||
Ratio
of net expenses to average net assets(d) |
0.31
% |
0.31
% |
0.31
% |
0.32
% |
0.33
% | |||||
Ratio
of total expenses to average net assets(d) |
0.45
% |
0.45
% |
0.35
% |
0.39
% |
0.41
% | |||||
Ratio
of net investment income to average net assets(b) |
1.90
% |
1.72
% |
1.61
% |
1.24
% |
1.66
% | |||||
Portfolio
turnover rate(e) |
37
% |
12
% |
4
% |
12
% |
40
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Recognition
of net investment income by the Fund is affected by the timing of
declaration of dividends by the Underlying Funds in which the Fund
invests. |
(c) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the year and no sales or redemption charges (if any). Total
returns would be reduced if a sales or redemption charge was taken into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
Expense
ratios exclude the expenses of the Underlying Funds in which the Fund
invests. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Dynamic Global Equity Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$17.63 |
$23.14 |
$21.63 |
$19.55 |
$16.44 | |||||
Net
investment income(a)(b) |
0.39 |
0.01 |
0.40 |
0.25 |
0.49 | |||||
Net
realized and unrealized gain (loss) |
3.22 |
(4.39
) |
4.03 |
2.40 |
3.78 | |||||
Total
from investment operations |
3.61 |
(4.38
) |
4.43 |
2.65 |
4.27 | |||||
Distributions
to shareholders from net investment income |
(0.38
) |
(0.54
) |
(1.10
) |
(0.25
) |
(0.34
) | |||||
Distributions
to shareholders from net realized gains |
(0.68
) |
(0.55
) |
(1.82
) |
(0.32
) |
(0.82
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.04
) |
— |
— |
— | |||||
Total
distributions |
(1.06
) |
(1.13
) |
(2.92
) |
(0.57
) |
(1.16
) | |||||
Net
asset value, end of year |
$20.18 |
$17.63 |
$23.14 |
$21.63 |
$19.55 | |||||
Total
return(c) |
20.66
% |
(18.99
)% |
20.55
% |
13.57
% |
26.14
% | |||||
Net
assets, end of year (in 000s) |
$4,139 |
$2,980 |
$544,796 |
$490,832 |
$478,073 | |||||
Ratio
of net expenses to average net assets(d) |
0.19
% |
0.18
% |
0.18
% |
0.18
% |
0.19
% | |||||
Ratio
of total expenses to average net assets(d) |
0.32
% |
0.23
% |
0.23
% |
0.25
% |
0.26
% | |||||
Ratio
of net investment income to average net assets(b) |
2.00
% |
0.04
% |
1.66
% |
1.36
% |
2.55
% | |||||
Portfolio
turnover rate(e) |
37
% |
12
% |
4
% |
12
% |
40
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Recognition
of net investment income by the Fund is affected by the timing of
declaration of dividends by the Underlying Funds in which the Fund
invests. |
(c) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the year and no sales or redemption charges (if any). Total
returns would be reduced if a sales or redemption charge was taken into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
Expense
ratios exclude the expenses of the Underlying Funds in which the Fund
invests. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs Dynamic Global Equity Fund | |||||||||
|
Class
R Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$17.12 |
$22.56 |
$21.17 |
$19.15 |
$16.13 | |||||
Net
investment income(a)(b) |
0.26 |
0.23 |
0.23 |
0.13 |
0.24 | |||||
Net
realized and unrealized gain (loss) |
3.13 |
(4.61
) |
3.94 |
2.34 |
3.82 | |||||
Total
from investment operations |
3.39 |
(4.38
) |
4.17 |
2.47 |
4.06 | |||||
Distributions
to shareholders from net investment income |
(0.27
) |
(0.48
) |
(0.96
) |
(0.13
) |
(0.22
) | |||||
Distributions
to shareholders from net realized gains |
(0.68
) |
(0.55
) |
(1.82
) |
(0.32
) |
(0.82
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.03
) |
— |
— |
— | |||||
Total
distributions |
(0.95
) |
(1.06
) |
(2.78
) |
(0.45
) |
(1.04
) | |||||
Net
asset value, end of year |
$19.56 |
$17.12 |
$22.56 |
$21.17 |
$19.15 | |||||
Total
return(c) |
19.95
% |
(19.49
)% |
19.76
% |
12.88
% |
25.36
% | |||||
Net
assets, end of year (in 000s) |
$5,887 |
$5,292 |
$6,611 |
$5,700 |
$5,922 | |||||
Ratio
of net expenses to average net assets(d) |
0.81
% |
0.81
% |
0.81
% |
0.82
% |
0.83
% | |||||
Ratio
of total expenses to average net assets(d) |
0.95
% |
0.95
% |
0.85
% |
0.89
% |
0.91
% | |||||
Ratio
of net investment income to average net assets(b) |
1.38
% |
1.19
% |
0.97
% |
0.70
% |
1.31
% | |||||
Portfolio
turnover rate(e) |
37
% |
12
% |
4
% |
12
% |
40
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Recognition
of net investment income by the Fund is affected by the timing of
declaration of dividends by the Underlying Funds in which the Fund
invests. |
(c) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
at the end of the year and no sales or redemption charges (if any). Total
returns would be reduced if a sales or redemption charge was taken into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
Expense
ratios exclude the expenses of the Underlying Funds in which the Fund
invests. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
MERRILL
LYNCH |
AMERIPRISE
FINANCIAL |
MORGAN
STANLEY WEALTH MANAGEMENT |
RAYMOND
JAMES & ASSOCIATES, INC., RAYMOND JAMES FINANCIAL SERVICES, INC. AND
EACH ENTITY’S AFFILIATES
(“RAYMOND
JAMES”) |
JANNEY
MONTGOMERY SCOTT LLC |
EDWARD
D. JONES & CO., L.P. (“Edward
Jones”) |
OPPENHEIMER
& CO. INC. |
ROBERT
W. BAIRD & CO. (“BAIRD”) |
J.P.
MORGAN SECURITIES LLC |
FOR
MORE INFORMATION |
|
Institutional,
Service & Class R6 |
Class
A, C, Investor & R |
◼ By
telephone: |
1-800-621-2550 |
1-800-526-7384 |
◼ By
mail: |
Goldman
Sachs,
71
South Wacker Drive, Suite 1200
Chicago,
IL 60606 |
Goldman
Sachs Funds
P.O.
Box 219711
Kansas
City, MO 64121 |
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|