AN
INVESTMENT IN A FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED OR
GUARANTEED BY THE
FEDERAL
DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT
AGENCY. |
|
|
|
Prime
Obligations
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Limitation1 |
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
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|
|
|
|
|
|
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|
|
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|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Money
Market
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Limitation1
|
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Treasury
Obligations
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Treasury
Instruments
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Treasury
Solutions
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Government
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Federal
Instruments
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Limitation1
|
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Money
Market
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Limitation1 |
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Tax-Exempt
Money
Market
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Limitation1 |
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Administration
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Administration
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVEs |
PRINCIPAL
INVESTMENT STRATEGIES |
INVESTMENT
PRACTICES AND SECURITIES |
|
Financial
Square Funds | |||
|
Financial
Square
Prime
Obligations |
Financial
Square
Money
Market |
Financial
Square
Treasury
Obligations |
Financial
Square
Treasury
Instruments |
U.S.
Treasury Obligations1
|
◼ |
◼ |
◼ |
◼ |
U.S.
Government Securities |
◼ |
◼ |
|
|
Bank
Obligations |
◼
Over 25% of total
assets may be
invested in U.S. and
foreign (US$)
banks2 |
◼
Over 25% of total
assets may be
invested in U.S. and
foreign (US$)
banks2 |
|
|
Commercial
Paper |
◼
U.S. and foreign
(US$) commercial
paper |
◼
U.S. and foreign
(US$) commercial
paper |
|
|
Short-Term
Obligations of Corporations and Other Entities |
◼
U.S. and foreign
(US$)
entities |
◼
U.S. and foreign
(US$)
entities |
|
|
Repurchase
Agreements |
◼ |
◼ |
◼ |
|
Asset-Backed
and Receivables-Backed Securities |
◼ |
◼ |
|
|
Foreign
Government Obligations (US$) |
◼4
|
◼4
|
|
|
Municipals |
◼5
|
◼5
|
|
|
Custodial
Receipts |
◼ |
◼ |
|
|
Investment
Companies |
◼
Up to 10% of total
assets in other
investment
companies7
|
◼
Up to 10% of total
assets in other
investment
companies7
|
|
|
Private
Activity Bonds |
◼ |
◼ |
|
|
Credit
Quality |
First
Tier10
|
First Tier10
|
First
Tier10
|
First Tier10
|
Summary
of Taxation for Distributions11
|
Taxable
federal and
state12
|
Taxable federal and
state12
|
Taxable
federal and
state12
|
Taxable federal and
generally exempt
from state
taxation |
Miscellaneous |
May
invest in
obligations of the
International Bank
for Reconstruction
and Development.
Reverse repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
May invest in
obligations of the
International Bank
for Reconstruction
and Development.
Reverse repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
Reverse
repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
Under extraordinary
circumstances, may
hold U.S.
Government
Securities subject to
state taxation.
Reverse repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
|
Financial
Square Funds |
Investor
Funds | |||
|
Financial
Square
Treasury
Solutions |
Financial
Square
Government |
Financial
Square
Federal
Instruments |
Investor
Money
Market |
Investor
Tax-Exempt
Money
Market |
U.S.
Treasury Obligations1
|
◼ |
◼ |
◼ |
◼ |
|
U.S.
Government Securities |
|
◼ |
◼ |
◼ |
|
Bank
Obligations |
|
|
|
◼
Over
25% of total
assets
may be
invested
in U.S. and
foreign
(US$) banks |
|
Commercial
Paper |
|
|
|
◼
U.S.
and foreign
(US$)
commercial
paper |
◼
Tax-exempt
only |
Short-Term
Obligations of Corporations
and
Other Entities |
|
|
|
◼
U.S.
and foreign
(US$)
entities |
|
Repurchase
Agreements |
◼3
|
◼ |
|
◼ |
◼ |
Asset-Backed
and Receivables-Backed
Securities |
|
|
|
◼ |
|
Foreign
Government Obligations (US$) |
|
|
|
◼4
|
|
Municipals |
|
|
|
◼5
|
◼
At
least 80% of net
assets
in
tax-exempt
municipal
obligations
(except
in
extraordinary
circumstances)6
|
Custodial
Receipts |
|
|
|
◼ |
◼ |
Investment
Companies |
|
◼
Up to
10% of total
assets
in other
investment
companies7
|
|
◼
Up to
10% of total
assets
in other
investment
companies7
|
◼
Up to
10% of total
assets
in other
investment
companies7
|
Private
Activity Bonds |
|
|
|
◼ |
◼
Does
not intend to
invest
if subject to
AMT8,9
|
Credit
Quality |
First
Tier10
|
First
Tier10
|
First
Tier10
|
First
Tier10
|
First
Tier10
|
Summary
of Taxation for Distributions11
|
Taxable
federal and
state12
|
Taxable
federal and
state12
|
Taxable
federal and
generally
exempt
from
state taxation |
Taxable
federal and
state12
|
Tax-exempt
federal
and
taxable state13
|
Miscellaneous |
Reverse
repurchase
agreements
(i.e.,
where
the Fund is
the
borrower of
cash)
not permitted. |
Reverse
repurchase
agreements
(i.e.,
where
the Fund is
the
borrower of
cash)
not permitted. |
Under
extraordinary
circumstances,
may
hold
U.S.
Government
Securities
subject to
state
taxation.
Reverse
repurchase
agreements
(i.e.,
where
the Fund is
the
borrower of
cash)
not permitted. |
May
invest in
obligations
of the
International
Bank
for
Reconstruction
and
Development.
Reverse
repurchase
agreements
(i.e.,
where
the Fund is
the
borrower of
cash)
not permitted. |
May
(but does not
currently
intend to)
invest
up to 20% of
net
assets in
securities
subject to
AMT
and may
temporarily
invest
in the
taxable
money
market
instruments
described
herein.
Reverse
repurchase
agreements
(i.e.,
where
the Fund is
the
borrower of
cash)
not permitted. |
|
Financial
Square Funds |
Investor
Funds | |||||||
|
Institutional
Funds |
Government
Funds |
Retail
Funds | ||||||
✓ Principal
Risk
• Additional
Risk |
Prime
Obligations
Fund |
Money
Market
Fund |
Treasury
Obligations
Fund |
Treasury
Instruments
Fund |
Treasury
Solutions
Fund |
Government
Fund |
Federal
Instruments
Fund |
Money
Market
Fund |
Tax-Exempt
Money
Market
Fund |
Banking
Industry |
✓ |
✓ |
|
|
|
|
|
✓ |
|
Credit/Default |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Cybersecurity |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Floating
and Variable Rate
Obligations |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Floating
NAV |
✓ |
✓ |
|
|
|
|
|
|
|
Foreign |
✓ |
✓ |
|
|
|
|
|
✓ |
|
Geographic
and Sector |
|
|
|
|
|
|
|
|
✓ |
Interest
Rate |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Liquidity |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Management |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Market |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Municipal |
✓ |
✓ |
|
|
|
|
|
✓ |
✓ |
Regulatory |
• |
• |
• |
• |
• |
• |
• |
• |
• |
Stable
NAV |
|
|
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Tax |
|
|
|
|
|
|
|
|
✓ |
U.S.
Government Securities |
✓ |
✓ |
|
|
|
✓ |
✓ |
✓ |
|
INVESTMENT
ADVISERS |
Investment
Adviser |
Financial
Square Funds |
Investor
Funds |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, New York 10282 |
Prime
Obligations
Money
Market
Treasury
Obligations
Treasury
Instruments
Treasury
Solutions
Government
Federal
Instruments |
Money
Market
Tax-Exempt
Money Market
|
MANAGEMENT
FEES AND OTHER EXPENSES |
Financial
Square Funds |
Contractual
Rate |
Actual
Rate
For
the Fiscal
Year
Ended
November
30, 2022* |
Prime
Obligations |
0.16% |
0.16% |
Money
Market |
0.16% |
0.15% |
Treasury
Obligations |
0.18% |
0.16% |
Treasury
Instruments |
0.18% |
0.15% |
Treasury
Solutions |
0.18% |
0.16% |
Government |
0.16% |
0.13% |
Federal
Instruments |
0.18% |
0.15% |
Investor
Funds |
|
|
Money
Market Fund |
0.16% |
0.16% |
Tax-Exempt
Money Market Fund |
0.16% |
0.14% |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
Financial
Square Funds |
Dividend
Declaration Time
(Eastern
Time) |
Prime
Obligations |
3:00
p.m. |
Money
Market |
3:00
p.m. |
Treasury
Obligations |
5:00
p.m. |
Treasury
Instruments |
3:00
p.m. |
Treasury
Solutions |
3:00
p.m. |
Government |
5:00
p.m. |
Federal
Instruments |
3:00
p.m. |
Investor
Funds |
|
Money
Market |
5:00
p.m. |
Tax-Exempt
Money Market |
2:00
p.m. |
Financial
Square Funds |
Investor
Funds | |
Institutional
Funds |
Government
Funds |
Retail
Funds |
◼ Money
Market Fund |
◼ Federal
Instruments Fund |
◼ Money
Market Fund |
◼ Prime
Obligations Fund |
◼ Government
Money Market Fund |
◼ Tax-Exempt
Money Market Fund |
|
◼ Treasury
Instruments Fund |
|
|
◼ Treasury
Obligations Fund |
|
|
◼ Treasury
Solutions Fund |
|
How
to Buy Shares |
Minimum
initial investment |
$10
million in Administration Shares of a Fund alone or in combination with
other
assets under the management of GSAM and its
affiliates |
Minimum
additional investment |
No
minimum |
NAV
= |
(Value
of Assets of the Class)
–
(Liabilities of the Class) |
|
Number
of Outstanding Shares of the
Class |
Fund |
Daily
NAV
Calculation
Time(s) |
◼ Investor
Tax-Exempt Money Market |
2:00
p.m. Eastern Time |
◼ Financial
Square Prime Obligations |
3:00
p.m. Eastern Time |
◼ Financial
Square Federal Instruments |
|
◼ Financial
Square Treasury Instruments |
|
◼ Financial
Square Treasury Solutions |
|
◼ Financial
Square Government |
5:00
p.m. Eastern Time |
◼ Financial
Square Treasury Obligations |
|
◼ Investor
Money Market |
|
◼ Financial
Square Money Market |
8:00
a.m., 12:00 p.m. and 3:00 p.m. Eastern
Time |
Fund |
Deadline
for Same Business Day
Dividend
Accrual |
◼ Investor
Tax-Exempt Money Market |
2:00
p.m. Eastern Time |
◼ Financial
Square Money Market |
3:00
p.m. Eastern Time |
◼ Financial
Square Prime Obligations |
|
◼ Financial
Square Federal Instruments |
|
◼ Financial
Square Treasury Instruments |
|
◼ Financial
Square Treasury Solutions |
|
◼ Financial
Square Government |
5:00
p.m. Eastern Time |
◼ Financial
Square Treasury Obligations |
|
◼ Investor
Money Market |
|
How
to Sell Shares |
Fund
Receives Redemption Request |
Redemption
Proceeds |
Dividends |
◼ Investor
Tax-Exempt Money Market |
|
|
◼ By
2:00 p.m. Eastern Time |
Wired
same business day |
Not
earned on day request is accepted |
|
|
|
|
Checks
sent next business day |
Earned
on day request is accepted |
◼ Financial
Square Money Market |
|
|
◼ Financial
Square Prime Obligations |
|
|
◼ Financial
Square Federal Instruments |
|
|
◼ Financial
Square Treasury Instruments |
|
|
◼ Financial
Square Treasury Solutions |
|
|
◼ By
3:00 p.m. Eastern Time |
Wired
same business day |
Not
earned on day request is accepted |
|
|
|
|
Checks
sent next business day |
Earned
on day request is accepted |
◼ Financial
Square Government |
|
|
◼ Financial
Square Treasury Obligations |
|
|
◼ Investor
Money Market |
|
|
◼ By
5:00 p.m. Eastern Time |
Wired
same business day |
Not
earned on day request is accepted |
|
|
|
|
Checks
sent next business day |
Earned
on day request is accepted |
DISTRIBUTIONS |
SALES |
OTHER
INFORMATION |
Financial
Square Federal Instruments Fund —
Administration Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.010 |
—(b) |
—(b) |
0.007 |
0.019 |
0.011 |
Net
realized gain |
—(b) |
—(b) |
—(b) |
0.001 |
—(b) |
—(b) |
Total
from investment operations |
0.010 |
—(b) |
—(b) |
0.008 |
0.019 |
0.011 |
Distributions
to shareholders from net investment income |
(0.010) |
—(b) |
—(b) |
(0.008) |
(0.019) |
(0.011) |
Distributions
to shareholders from net realized gains |
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
Total
distributions(c) |
(0.010) |
—(b) |
—(b) |
(0.008) |
(0.019) |
(0.011) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
return(d) |
$1.01 |
0.01% |
—%(e) |
0.78% |
1.93% |
1.09% |
Net
assets, end of period (in 000’s) |
$79,251 |
$63,937 |
$76,144 |
$73,011 |
$61,267 |
$59,447 |
Ratio
of net expenses to average net assets |
0.36% |
0.09% |
0.15%(f) |
0.35% |
0.43% |
0.45% |
Ratio
of total expenses to average net assets |
0.46% |
0.45% |
0.46%(f) |
0.46% |
0.47% |
0.50% |
Ratio
of net investment income (loss) to average net
assets |
1.19% |
—%(e) |
(0.01)%(f) |
0.69% |
1.89% |
1.08% |
Financial
Square Government Fund —
Administration
Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.011 |
—(b) |
—(b) |
0.008 |
0.020 |
0.011 |
Net
realized gain |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
Total
from investment operations |
0.011 |
—(b) |
—(b) |
0.008 |
0.020 |
0.011 |
Distributions
to shareholders from net
investment
income |
(0.011) |
—(b) |
—(b) |
(0.008) |
(0.020) |
(0.011) |
Distributions
to shareholders from net
realized
gains |
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
Total
distributions(c) |
(0.011) |
—(b) |
—(b) |
(0.008) |
(0.020) |
(0.011) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
return(d) |
1.07% |
0.03% |
—%(e) |
0.76% |
1.97% |
1.12% |
Net
assets, end of period (in 000’s) |
$9,178,619 |
$7,904,302 |
$5,706,517 |
$5,421,224 |
$4,862,853 |
$4,454,065 |
Ratio
of net expenses to average net assets |
0.32% |
0.07% |
0.20%(f) |
0.39% |
0.43% |
0.42% |
Ratio
of total expenses to average net
assets |
0.43% |
0.43% |
0.43%(f) |
0.43% |
0.43% |
0.44% |
Ratio
of net investment income (loss) to
average
net assets |
1.07% |
0.02% |
(0.01)%(f) |
0.76% |
1.95% |
1.13% |
Financial
Square Money Market Fund — Administration Shares |
Year
Ended
November
30 |
For
the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.0004 |
$1.0007 |
$1.0010 |
$1.0005 |
$1.0003 |
$1.0003 |
Net
investment income(a) |
0.0117 |
0.0001 |
—(b) |
0.0094 |
0.0214 |
0.0140 |
Net
realized and unrealized gain (loss) |
— |
0.0002 |
(0.0001) |
0.0007 |
0.0008 |
0.0003 |
Total
from investment operations |
0.0117 |
0.0003 |
(0.0001) |
0.0101 |
0.0222 |
0.0143 |
Distributions
to shareholders from net investment
income |
(0.0117) |
(0.0001) |
—(b) |
(0.0096) |
(0.0220) |
(0.0143) |
Distributions
to shareholders from net realized gains |
—(b) |
(0.0005) |
(0.0002)(b) |
—(b) |
—(b) |
—(b) |
Total
distributions(c) |
(0.0117) |
(0.0006) |
(0.0002) |
(0.0096) |
(0.0220) |
(0.0143) |
Net
asset value, end of period |
$1.0004 |
$1.0004 |
$1.0007 |
$1.0010 |
$1.0005 |
$1.0003 |
Total
return(d) |
1.18% |
0.03% |
(0.03)% |
1.01% |
2.25% |
1.43% |
Net
assets, end of period (in 000’s) |
$2,916 |
$1,652 |
$4,270 |
$4,506 |
$4,493 |
$3,218 |
Ratio
of net expenses to average net assets |
0.37% |
0.11% |
0.24%(e) |
0.38% |
0.38% |
0.36% |
Ratio
of total expenses to average net assets |
0.44% |
0.44% |
0.44%(e) |
0.43% |
0.43% |
0.45% |
Ratio
of net investment income (loss) to average net
assets |
1.27% |
0.01% |
(0.05)%(e) |
0.93% |
2.14% |
1.40% |
Financial
Square Prime Obligations Fund —
Administration Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.0008 |
$1.0010 |
$1.0012 |
$1.0005 |
$1.0002 |
$1.0003 |
Net
investment income(a) |
0.0115 |
(0.0002) |
—(b) |
0.0121 |
0.0222 |
0.0139 |
Net
realized and unrealized gain (loss) |
0.0001 |
0.0002 |
—(b) |
(0.0017) |
— |
0.0003 |
Total
from investment operations |
0.0116 |
— |
—(b) |
0.0104 |
0.0222 |
0.0142 |
Distributions
to shareholders from net investment
income |
(0.0115) |
— |
—(b) |
(0.0097) |
(0.0219) |
(0.0143) |
Distributions
to shareholders from net realized gains |
—(b) |
(0.0002) |
(0.0002) |
—(b) |
—(b) |
—(b) |
Total
distributions(c) |
(0.0115) |
(0.0002) |
(0.0002) |
(0.0097) |
(0.0219) |
(0.0143) |
Net
asset value, end of period |
$1.0009 |
$1.0008 |
$1.0010 |
$1.0012 |
$1.0005 |
$1.0002 |
Total
return(d) |
1.16% |
—%(e) |
(0.02)% |
1.03% |
2.25% |
1.43% |
Net
assets, end of period (in 000’s) |
$6,306 |
$5,407 |
$81,920 |
$8,736 |
$9,748 |
$7,474 |
Ratio
of net expenses to average net assets |
0.37% |
0.14% |
0.21%(f) |
0.41% |
0.38% |
0.36% |
Ratio
of total expenses to average net assets |
0.47% |
0.45% |
0.44%(f) |
0.43% |
0.43% |
0.46% |
Ratio
of net investment income (loss) to average net
assets |
1.16% |
(0.02)% |
(0.04)%(f) |
1.21% |
2.22% |
1.39% |
Financial
Square Treasury Instruments Fund —
Administration
Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.010 |
—(b) |
—(b) |
0.008 |
0.019 |
0.011 |
Net
realized gain |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
Total
from investment operations |
0.010 |
—(b) |
—(b) |
0.008 |
0.019 |
0.011 |
Distributions
to shareholders from net
investment
income |
(0.010) |
—(b) |
—(b) |
(0.008) |
(0.019) |
(0.011) |
Distributions
to shareholders from net
realized
gains |
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
Total
distributions(c) |
(0.010) |
—(b) |
—(b) |
(0.008) |
(0.019) |
(0.011) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
return(d) |
0.96% |
0.01% |
—%(e) |
0.75% |
1.91% |
1.09% |
Net
assets, end of period (in 000’s) |
$2,188,569 |
$2,038,029 |
$1,578,689 |
$1,493,968 |
$1,716,942 |
$2,361,026 |
Ratio
of net expenses to average net assets |
0.34% |
0.07% |
0.16%(f) |
0.40% |
0.45% |
0.45% |
Ratio
of total expenses to average net
assets |
0.45% |
0.45% |
0.45%(f) |
0.45% |
0.45% |
0.46% |
Ratio
of net investment income to average
net
assets |
0.95% |
0.01% |
—%(e)(f) |
0.72% |
1.86% |
1.07% |
Financial
Square Treasury Obligations Fund —
Administration
Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.011 |
—(b) |
—(b) |
0.007 |
0.019 |
0.011 |
Net
realized gain |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
Total
from investment operations |
0.011 |
—(b) |
—(b) |
0.007 |
0.019 |
0.011 |
Distributions
to shareholders from net
investment
income |
(0.011) |
—(b) |
—(b) |
(0.007) |
(0.019) |
(0.011) |
Distributions
to shareholders from net
realized
gains |
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
Total
distributions(c) |
(0.011) |
—(b) |
—(b) |
(0.007) |
(0.019) |
(0.011) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
return(d) |
1.06% |
0.02% |
—%(e) |
0.73% |
1.95% |
1.11% |
Net
assets, end of period (in 000’s) |
$1,986,064 |
$2,923,435 |
$2,380,299 |
$2,088,737 |
$2,034,113 |
$1,810,200 |
Ratio
of net expenses to average net assets |
0.36% |
0.07% |
0.15%(f) |
0.40% |
0.45% |
0.45% |
Ratio
of total expenses to average net
assets |
0.45% |
0.45% |
0.45%(f) |
0.45% |
0.45% |
0.46% |
Ratio
of net investment income to average
net
assets |
1.15% |
0.01% |
—%(e)(f) |
0.65% |
1.91% |
1.14% |
Financial
Square Treasury Solutions Fund —
Administration Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.011 |
—(b) |
—(b) |
0.006 |
0.019 |
0.011 |
Net
realized loss |
—(b) |
—(b) |
—(b) |
0.002 |
—(b) |
—(b) |
Total
from investment operations |
0.011 |
—(b) |
—(b) |
0.008 |
0.019 |
0.011 |
Distributions
to shareholders from net investment
income |
(0.011) |
—(b) |
—(b) |
(0.008) |
(0.019) |
(0.011) |
Distributions
to shareholders from net realized gains |
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
Total
distributions(c) |
(0.011) |
—(b) |
—(b) |
(0.008) |
(0.019) |
(0.011) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
return(d) |
1.06% |
0.01% |
—%(e) |
0.77% |
1.92% |
1.09% |
Net
assets, end of period (in 000’s) |
$803,909 |
$375,220 |
$610,539 |
$443,470 |
$473,937 |
$360,817 |
Ratio
of net expenses to average net assets |
0.37% |
0.09% |
0.17%(f) |
0.38% |
0.45% |
0.45% |
Ratio
of total expenses to average net assets |
0.45% |
0.45% |
0.45%(f) |
0.45% |
0.45% |
0.46% |
Ratio
of net investment income to average net assets |
1.16% |
—%(e) |
—%(e)(f) |
0.61% |
1.85% |
1.09% |
Investor
Money Market Fund — Administration Shares |
Year
Ended
November
30, |
For the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income (loss)(a) |
0.012 |
—(b) |
—(b) |
0.009 |
0.021 |
0.014 |
Net
realized gain (loss) |
—(b) |
—(b) |
—(b) |
0.001 |
—(b) |
(0.001) |
Total
from investment operations |
0.012 |
—(b) |
—(b) |
0.010 |
0.021 |
0.013 |
Distributions
to shareholders from net investment income |
(0.012) |
— |
—(b) |
(0.010) |
(0.021) |
(0.013) |
Distributions
to shareholders from net realized gains |
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
—(b)
|
Total
distributions(c) |
(0.012) |
—(b) |
—(b) |
(0.010) |
(0.021) |
(0.013) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
return(d) |
1.17% |
0.03% |
—%(e) |
0.98% |
2.14% |
1.36% |
Net
assets, end of period (in 000’s) |
$130,172 |
$40,662 |
$31,792 |
$33,860 |
$31,188 |
$132,200 |
Ratio
of net expenses to average net assets |
0.39% |
0.12% |
0.24%(f) |
0.42% |
0.43% |
0.43% |
Ratio
of total expenses to average net assets |
0.45% |
0.45% |
0.47%(f) |
0.46% |
0.46% |
0.54% |
Ratio
of net investment income (loss) to average net
assets |
1.64% |
(0.01)% |
(0.08)%(f) |
0.90% |
2.12% |
1.37% |
Investor
Tax-Exempt Money Market Fund — Administration Shares |
Year
Ended
November
30, |
For the
Period
Ended
November 30, 2020†
|
Year
Ended August 31, | |||
2022 |
2021 |
2020 |
2019 |
2018 | ||
Per
Share Data: | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.006 |
—(b) |
—(b) |
0.006 |
0.012 |
0.008 |
Net
realized gain |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
—(b) |
Total
from investment operations |
0.006 |
—(b) |
—(b) |
0.006 |
0.012 |
0.008 |
Distributions
to shareholders from net investment income |
(0.006) |
—(b) |
—(b) |
(0.006) |
(0.012) |
(0.008) |
Distributions
to shareholders from net realized gains |
— |
—(b) |
— |
— |
—(b) |
—(b) |
Total
distributions(c) |
(0.006) |
—(b) |
—(b) |
(0.006) |
(0.012) |
(0.008) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
return(d) |
0.58% |
0.01% |
—%(e) |
0.55% |
1.16% |
0.78% |
Net
assets, end of period (in 000’s) |
$20,022 |
$314 |
$305 |
$305 |
$298 |
$2 |
Ratio
of net expenses to average net assets |
0.38% |
0.04% |
0.13%(f) |
0.37% |
0.43% |
0.43% |
Ratio
of total expenses to average net assets |
0.46% |
0.45% |
0.48%(f) |
0.45% |
0.45% |
0.47% |
Ratio
of net investment income to average net assets |
0.70% |
0.01% |
0.01%(f) |
0.55% |
1.18% |
0.75% |
FOR
MORE INFORMATION |
◼ By
telephone: |
1-800-621-2550 |
|
◼ By
mail: |
Goldman
Sachs Funds
P.O.
Box 806395
Chicago,
IL 60680-4125 |
|
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|