AN
INVESTMENT IN A FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN A FUND
INVOLVES
INVESTMENT
RISKS, AND YOU MAY LOSE MONEY IN A
FUND. |
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
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 |
Investor |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
Acquired
Fund Fees and Expenses |
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
Fee
Waiver and Expense Limitation2 |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and Expense
Limitation |
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Investor
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 |
- |
- |
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
- |
- |
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
- |
- |
|
|
J.P.Morgan
Emerging Markets Bond Index (EMBI™) Global Diversified Index (Gross, USD,
Unhedged)
(reflects no deduction for fees, expenses or taxes) |
- |
- |
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
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
Expenses |
|
|
|
|
|
|
|
Service
Fees |
|
|
|
|
|
|
|
Shareholder
Administration Fees |
|
|
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
|
|
Fee
Waiver and Expense Limitation2 |
( |
( |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After
Fee
Waiver and Expense Limitation |
|
|
|
|
|
|
|
|
|
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 |
- |
|
|
|
Bloomberg
U.S. High-Yield 2% Issuer Capped Bond Index (reflects no deduction for
fees or
expenses) |
- |
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
A |
Class
C |
Institutional |
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 |
Investor |
Class
R |
Class
R6 |
Management
Fees |
|
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
|
Other
Expenses2 |
|
|
|
|
|
|
Service
Fees |
|
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
|
Acquired
Fund Fees and Expenses |
|
|
|
|
|
|
Total
Annual Fund Operating Expenses3 |
|
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
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 |
- |
|
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Class
R Shares |
|
|
|
|
Returns |
- |
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Credit
Suisse Leveraged Loan Index (reflects no deduction for fees or
expenses) |
- |
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
A |
Institutional |
Investor |
Separate
Account
Institutional |
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) |
|
|
|
|
|
|
Class
A |
Institutional |
Investor |
Separate
Account
Institutional |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
and Service (12b-1) Fees |
|
|
|
|
|
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 |
Class
A Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Investor
Shares |
$ |
$ |
$ |
$ |
Separate
Account Institutional 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 |
- |
- |
|
|
Institutional
Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Separate
Account Institutional Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Bloomberg
U.S. Credit Index (reflects no deduction for fees or
expenses) |
- |
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
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 |
Investor |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
Acquired
Fund Fees and Expenses |
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
Fee
Waiver and Expense Limitation2 |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and Expense
Limitation |
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Investor
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 |
- |
- |
- |
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
- |
- |
- |
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
- |
- |
- |
|
J.P.
Morgan Government Bond Index—Emerging Markets (GBI-EMSM) Global
Diversified Index
(Gross,
USD, Unhedged) (reflects no deduction for fees, expenses or
taxes) |
- |
- |
- |
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVEs |
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
— Not
permitted |
Emerging
Markets
Debt
Fund |
High
Yield
Fund |
High
Yield
Floating
Rate |
Investment
Grade
Credit
Fund |
Local
Emerging
Markets
Debt
Fund |
Investment
Practices |
|
|
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33
1⁄2 |
33 1∕3 |
33 1∕3 |
Credit,
Interest Rate and Total Return Swaps |
• |
• |
• |
• |
• |
Cross
Hedging of Currencies |
• |
• |
• |
• |
• |
Currency
Swaps |
• |
• |
• |
• |
• |
Custodial
Receipts and Trust Certificates |
• |
• |
• |
• |
• |
Foreign
Currency Transactions |
• |
• |
• |
•5 |
• |
Futures
Contracts |
• |
• |
• |
• |
• |
Illiquid
Investments* |
15 |
15 |
15 |
15 |
15 |
Interest
Rate Caps, Floors and Collars |
• |
• |
• |
• |
• |
Investment
Company Securities (including ETFs)1 |
10 |
10 |
10 |
10 |
10 |
Mortgage
Dollar Rolls |
— |
— |
— |
• |
— |
Mortgage
Swaps |
— |
• |
• |
• |
— |
Options2 |
• |
• |
• |
• |
• |
Options
on Foreign Currencies3 |
• |
• |
• |
• |
• |
Repurchase
Agreements |
• |
• |
• |
• |
• |
Reverse
Repurchase Agreements |
• |
• |
• |
• |
• |
Short
Sales4 |
— |
— |
— |
— |
— |
Securities
Lending |
— |
33 1∕3 |
33 1∕3 |
— |
— |
When-Issued
Securities and Forward Commitments |
• |
• |
• |
• |
• |
10 Percent
of total assets (excluding securities lending collateral) (italic
type)
10 Percent
of Net Assets (including borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund
— Not
permitted* |
Emerging
Markets
Debt
Fund |
High
Yield
Fund |
High
Yield
Floating
Rate
Fund |
Investment
Grade
Credit
Fund |
Local
Emerging
Markets
Debt
Fund |
Investment
Securities |
|
|
|
|
|
Asset-Backed
Securities |
• |
• |
— |
• |
• |
Bank
Obligations |
• |
• |
• |
• |
• |
Collateralized
Loan Obligations |
• |
• |
• |
• |
• |
Convertible
Securities |
• |
• |
• |
• |
• |
Corporate
Debt Obligations
and
Trust Preferred Securities |
• |
• |
• |
• |
• |
Emerging
Country Securities |
• |
253 |
• |
103 |
• |
Floating
and Variable Rate Obligations |
• |
• |
80+8 |
• |
• |
Foreign
Securities1 |
• |
•4 |
• |
•4 |
• |
Loans
and Loan Participations |
• |
• |
• |
• |
• |
Mortgage-Related
Securities |
|
|
|
|
|
Adjustable
Rate Mortgage Loans |
— |
• |
— |
• |
— |
Collateralized
Mortgage Obligations |
— |
• |
— |
• |
— |
Fixed
Rate Mortgage Loans |
— |
• |
— |
• |
— |
Government
Issued Mortgage-Backed Securities |
— |
• |
— |
• |
— |
Multiple
Class Mortgage-Backed Securities |
— |
• |
— |
• |
— |
Privately
Issued Mortgage-Backed Securities |
— |
• |
— |
• |
— |
Stripped
Mortgage-Backed Securities |
— |
• |
— |
• |
— |
Non-Investment
Grade Fixed Income Securities |
• |
80+5 |
• |
—6 |
• |
Preferred
Stock, Warrants and Rights |
• |
• |
• |
• |
• |
Second
Lien Loans |
• |
• |
• |
• |
• |
Senior
Loans |
• |
• |
• |
• |
• |
Structured
Securities (which may include credit linked notes)2 |
• |
• |
• |
• |
• |
Taxable
Municipal Securities |
• |
• |
— |
• |
• |
Tax-Free
Municipal Securities |
• |
• |
— |
• |
• |
Temporary
Investments |
•7 |
•7 |
• |
• |
•7 |
U.S.
Government Securities |
• |
• |
• |
• |
• |
✓ Principal
Risk
• Additional
Risk |
Emerging
Markets
Debt
Fund |
High
Yield
Fund |
High
Yield
Floating
Rate
Fund |
Investment
Grade
Credit
Fund |
Local
Emerging
Markets
Debt
Fund |
Call/Prepayment |
• |
• |
• |
• |
• |
Collateralized
Loan Obligations and Other Collateralized Debt
Obligations |
• |
• |
• |
• |
• |
Conflict
of Interest |
|
|
✓ |
|
|
Counterparty |
✓ |
|
|
|
✓ |
Credit/Default |
✓ |
✓ |
✓ |
✓ |
✓ |
Currency |
|
|
|
|
• |
Cybersecurity |
• |
• |
• |
• |
• |
Derivatives |
✓ |
✓ |
✓ |
✓ |
✓ |
Distressed
Debt |
• |
• |
• |
|
• |
Emerging
Countries |
✓ |
• |
• |
• |
✓ |
ESG
Integration |
• |
• |
• |
• |
• |
Extension |
• |
• |
• |
• |
• |
Floating
and Variable Rate Obligations |
• |
• |
✓ |
• |
• |
Foreign |
✓ |
✓ |
✓ |
✓ |
✓ |
Geographic |
• |
|
|
|
• |
Interest
Rate |
✓ |
✓ |
• |
✓ |
✓ |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
✓ |
✓ |
Leverage |
• |
• |
• |
• |
• |
Liquidity |
✓ |
✓ |
✓ |
• |
✓ |
Loan-Related
Investments |
• |
✓ |
✓ |
• |
• |
Management |
• |
• |
• |
• |
• |
Market |
✓ |
✓ |
✓ |
✓ |
✓ |
Mortgage-Backed
and Other Asset-Backed Securities |
|
• |
• |
• |
|
Municipal
Securities |
• |
• |
|
✓ |
• |
NAV |
• |
• |
• |
• |
• |
Non-Diversification |
|
|
|
|
✓ |
Non-Hedging
Foreign Currency Trading |
• |
• |
• |
• |
✓ |
Non-Investment
Grade Fixed Income Securities |
✓ |
✓ |
✓ |
• |
✓ |
Other
Investment Companies |
✓ |
✓ |
✓ |
✓ |
✓ |
Reverse
Repurchase Agreements |
• |
• |
• |
• |
• |
Sector |
• |
|
|
|
• |
Sovereign
Default |
|
|
|
|
|
Economic |
✓ |
• |
• |
• |
✓ |
Political |
✓ |
• |
• |
• |
✓ |
Repayment |
✓ |
• |
• |
• |
✓ |
U.S.
Government Securities |
• |
• |
• |
• |
• |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P.
200
West Street
New
York, NY 10282 |
Emerging
Markets Debt
High
Yield
High
Yield Floating Rate
Investment
Grade Credit
Local
Emerging Markets Debt
|
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund |
Contractual
Management
Fee
Annual
Rate |
Average
Daily
Net
Assets |
Actual
Rate
For
the Fiscal
Year
Ended
March
31, 2023* |
Emerging
Markets Debt |
0.80% |
First $ 2
Billion |
0.79% |
|
0.72% |
Next $3
Billion |
|
|
0.68% |
Next $3
Billion |
|
|
0.67% |
Over $8
Billion |
|
High
Yield |
0.70% |
First $ 2
Billion |
0.67% |
|
0.63% |
Next $3
Billion |
|
|
0.60% |
Next $3
Billion |
|
|
0.59% |
Over $8
Billion |
|
High
Yield Floating Rate |
0.60% |
First $ 1
Billion |
0.53% |
|
0.54% |
Next $1
Billion |
|
|
0.51% |
Next $3
Billion |
|
|
0.50% |
Next $3
Billion |
|
|
0.49% |
Over $8
Billion |
|
Investment
Grade Credit |
0.34% |
First $ 1
Billion |
0.34% |
|
0.31% |
Next $1
Billion |
|
|
0.29% |
Next $3
Billion |
|
|
0.28% |
Next $3
Billion |
|
|
0.28% |
Over $8
Billion |
|
Local
Emerging Markets Debt |
0.80% |
First $ 2
Billion |
0.78% |
|
0.72% |
Next $3
Billion |
|
|
0.68% |
Next $3
Billion |
|
|
0.67% |
Over $8
Billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible |
Five
Year Employment History |
Kay
Haigh
Managing
Director,
Global
Co-Head of Emerging
Markets |
Portfolio
Manager—
Emerging
Markets Debt Fund
Local
Emerging Markets Debt
Fund |
Since
2020 |
Mr.
Haigh is the Global Co-Head of Emerging Markets. Prior to
joining
the Investment Adviser, he was an emerging markets
portfolio
manager at Stone Milliner Asset Management, and he was
global
head of emerging markets at Morgan Stanley Investment
Management. |
Nicholas
Saunders
Managing
Director |
Portfolio
Manager—
Emerging
Markets Debt Fund |
Since
2023 |
Mr.
Saunders is Head of the Emerging Markets Corporate Debt team
and
a member of the Fixed Income Portfolio Management team. He
joined
the Investment Adviser in 2001. |
Angus
Bell
Managing
Director |
Portfolio
Manager—
Local
Emerging Markets Debt
Fund |
Since
2023 |
Mr.
Bell is a Portfolio Manager on the Emerging Markets Debt team.
He
joined the Investment Adviser in 2005. |
Benjamin
Johnson, CFA
Managing
Director |
Portfolio
Manager—
Investment
Grade Credit Fund |
Since
2003 |
Mr.
Johnson is Head of the Global Investment Grade Credit team
and
Global Head of Corporate Credit. He joined the Investment
Adviser
in 1998 and specializes in credit research. |
Robert
Magnuson
Managing
Director
|
Portfolio
Manager—
High
Yield Fund |
Since
2014 |
Mr.
Magnuson is a Portfolio Manager for High Yield Strategies. He
joined
the Investment Adviser in 2006. |
Peter
Campo
Managing
Director,
Global
Co-Head of High Yield and
Bank
Loans |
Portfolio
Manager—
High
Yield Fund
High
Yield Floating Rate Fund |
Since
2023
2018 |
Mr.
Campo is Global Co-Head of High Yield and Bank Loans. He
joined
the Investment Adviser in 2018. Prior to joining the
Investment
Adviser, he worked at Eaton Vance from 2003 to 2018
as a
portfolio manager and research analyst. |
Aakash
Thombre, CFA
Managing
Director,
Global
Co-Head of High Yield and
Bank
Loans |
Portfolio
Manager—
High
Yield Fund
High
Yield Floating Rate Fund |
Since
2023
2023 |
Mr.
Thombre is Global Co-Head of High Yield and Bank Loans. He
joined
the Investment Adviser in 2007. |
Ashish
Shah
Managing
Director,
Global
Chief Investment Officer of
Public
Investing |
Portfolio
Manager—
High
Yield Fund
High
Yield Floating Rate Fund |
Since
2021
2021 |
Mr.
Shah is Global Chief Investment Officer of Public Investing. He
joined
the Investment Adviser in 2018. Mr. Shah was previously at
AllianceBernstein
from 2010 to 2018, where he was most recently
the
Head of Fixed Income and Chief Investment Officer of Global
Credit. |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
Fund |
Investment
Income
Dividends |
Capital
Gains
Distributions | |
Declared |
Paid |
Declared
and Paid | |
Emerging
Markets Debt |
Daily |
Monthly |
Annually |
High
Yield |
Daily |
Monthly |
Annually |
High
Yield Floating Rate |
Daily |
Monthly |
Annually |
Investment
Grade Credit |
Daily |
Monthly |
Annually |
Local
Emerging Markets Debt |
Daily |
Monthly |
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 $100,000 |
4.50% |
4.71% |
4.00% |
$100,000
up to (but less than) $250,000 |
3.00 |
3.09 |
2.50 |
$250,000
up to (but less than) $500,000 |
2.50 |
2.56 |
2.00 |
$500,000
up to (but less than) $1 million |
2.00 |
2.04 |
1.75 |
$1
million or more |
0.00** |
0.00** |
*** |
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 $100,000 |
3.75% |
3.90% |
3.25% |
$100,000
up to (but less than) $250,000 |
3.00 |
3.09 |
2.50 |
$250,000
up to (but less than) $500,000 |
2.50 |
2.56 |
2.00 |
$500,000
up to (but less than) $1 million |
2.00 |
2.04 |
1.75 |
$1
million or more |
0.00** |
0.00** |
*** |
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 $100,000 |
2.25% |
2.30% |
2.00% |
$100,000
to $249,999 |
1.75 |
1.78 |
1.50 |
$250,000
to $499,999 |
1.25 |
1.27 |
1.00 |
$500,000
to $999,999 |
1.00 |
1.01 |
0.85 |
$1
million and over |
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.
Portfolio Securities and
Techniques |
|
Goldman
Sachs Emerging Markets Debt Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$10.65 |
$11.98 |
$10.36 |
$12.20 |
$12.67 | |||||
Net
investment income (a) |
0.44 |
0.44 |
0.43 |
0.51 |
0.58 | |||||
Net
realized and unrealized gain (loss) |
(1.52
) |
(1.32
) |
1.61 |
(1.85
) |
(0.51
) | |||||
Total
from investment operations |
(1.08
) |
(0.88
) |
2.04 |
(1.34
) |
0.07 | |||||
Distributions
to shareholders from net investment income |
(0.68
) |
(0.45
) |
(0.42
) |
(0.26
) |
(0.50
) | |||||
Distributions
to shareholders from return of capital |
— |
— |
— |
(0.24
) |
(0.04
) | |||||
Total
distributions |
(0.68
) |
(0.45
) |
(0.42
) |
(0.50
) |
(0.54
) | |||||
Net
asset value, end of year |
$8.89 |
$10.65 |
$11.98 |
$10.36 |
$12.20 | |||||
Total
return(b) |
(10.08
)% |
(7.64
)% |
19.75
% |
(11.48
)% |
0.77
% | |||||
Net
assets, end of year (in 000s) |
$23,037 |
$29,940 |
$43,340 |
$46,179 |
$61,408 | |||||
Ratio
of net expenses to average net assets |
1.16
% |
1.16
% |
1.17
% |
1.19
% |
1.20
% | |||||
Ratio
of total expenses to average net assets |
1.29
% |
1.22
% |
1.25
% |
1.26
% |
1.24
% | |||||
Ratio
of net investment income to average net assets |
4.73
% |
3.62
% |
3.60
% |
4.17
% |
4.84
% | |||||
Portfolio
turnover rate(c) |
53
% |
32
% |
79
% |
87
% |
80
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Emerging Markets Debt Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$10.64 |
$11.97 |
$10.35 |
$12.19 |
$12.67 | |||||
Net
investment income(a) |
0.37 |
0.35 |
0.34 |
0.42 |
0.48 | |||||
Net
realized and unrealized gain (loss) |
(1.53
) |
(1.32
) |
1.61 |
(1.85
) |
(0.51
) | |||||
Total
from investment operations |
(1.16
) |
(0.97
) |
1.95 |
(1.43
) |
(0.03
) | |||||
Distributions
to shareholders from net investment income |
(0.61
) |
(0.36
) |
(0.33
) |
(0.22
) |
(0.41
) | |||||
Distributions
to shareholders from return of capital |
— |
— |
— |
(0.19
) |
(0.04
) | |||||
Total
distributions |
(0.61
) |
(0.36
) |
(0.33
) |
(0.41
) |
(0.45
) | |||||
Net
asset value, end of year |
$8.87 |
$10.64 |
$11.97 |
$10.35 |
$12.19 | |||||
Total
return(b) |
(10.76
)% |
(8.34
)% |
18.76
% |
(12.07
)% |
(0.06
)% | |||||
Net
assets, end of year (in 000s) |
$5,112 |
$8,088 |
$10,192 |
$13,742 |
$21,871 | |||||
Ratio
of net expenses to average net assets |
1.91
% |
1.91
% |
1.92
% |
1.94
% |
1.95
% | |||||
Ratio
of total expenses to average net assets |
2.04
% |
1.97
% |
2.00
% |
2.01
% |
1.99
% | |||||
Ratio
of net investment income to average net assets |
3.95
% |
2.88
% |
2.86
% |
3.42
% |
4.08
% | |||||
Portfolio
turnover rate(c) |
53
% |
32
% |
79
% |
87
% |
80
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Emerging Markets Debt Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$10.66 |
$11.99 |
$10.37 |
$12.21 |
$12.69 | |||||
Net
investment income(a) |
0.46 |
0.47 |
0.47 |
0.55 |
0.62 | |||||
Net
realized and unrealized gain (loss) |
(1.53
) |
(1.31
) |
1.61 |
(1.85
) |
(0.52
) | |||||
Total
from investment operations |
(1.07
) |
(0.84
) |
2.08 |
(1.30
) |
0.10 | |||||
Distributions
to shareholders from net investment income |
(0.70
) |
(0.49
) |
(0.46
) |
(0.29
) |
(0.53
) | |||||
Distributions
to shareholders from return of capital |
— |
— |
— |
(0.25
) |
(0.05
) | |||||
Total
distributions |
(0.70
) |
(0.49
) |
(0.46
) |
(0.54
) |
(0.58
) | |||||
Net
asset value, end of year |
$8.89 |
$10.66 |
$11.99 |
$10.37 |
$12.21 | |||||
Total
return(b) |
(9.90
)% |
(7.35
)% |
19.99
% |
(11.10
)% |
1.04
% | |||||
Net
assets, end of year (in 000s) |
$407,041 |
$726,607 |
$916,157 |
$825,481 |
$1,087,407 | |||||
Ratio
of net expenses to average net assets |
0.86
% |
0.86
% |
0.86
% |
0.87
% |
0.86
% | |||||
Ratio
of total expenses to average net assets |
0.96
% |
0.89
% |
0.92
% |
0.92
% |
0.90
% | |||||
Ratio
of net investment income to average net assets |
4.98
% |
3.94
% |
3.92
% |
4.48
% |
5.18
% | |||||
Portfolio
turnover rate(c) |
53
% |
32
% |
79
% |
87
% |
80
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Emerging Markets Debt Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$10.67 |
$12.00 |
$10.38 |
$12.21 |
$12.69 | |||||
Net
investment income(a) |
0.47 |
0.47 |
0.46 |
0.54 |
0.61 | |||||
Net
realized and unrealized gain (loss) |
(1.55
) |
(1.32
) |
1.61 |
(1.83
) |
(0.52
) | |||||
Total
from investment operations |
(1.08
) |
(0.85
) |
2.07 |
(1.29
) |
0.09 | |||||
Distributions
to shareholders from net investment income |
(0.70
) |
(0.48
) |
(0.45
) |
(0.29
) |
(0.52
) | |||||
Distributions
to shareholders from return of capital |
— |
— |
— |
(0.25
) |
(0.05
) | |||||
Total
distributions |
(0.70
) |
(0.48
) |
(0.45
) |
(0.54
) |
(0.57
) | |||||
Net
asset value, end of year |
$8.89 |
$10.67 |
$12.00 |
$10.38 |
$12.21 | |||||
Total
return(b) |
(9.84
)% |
(7.47
)% |
20.02
% |
(11.16
)% |
0.95
% | |||||
Net
assets, end of year (in 000s) |
$119,488 |
$38,862 |
$75,617 |
$70,616 |
$103,473 | |||||
Ratio
of net expenses to average net assets |
0.89
% |
0.91
% |
0.92
% |
0.94
% |
0.95
% | |||||
Ratio
of total expenses to average net assets |
1.04
% |
0.97
% |
1.00
% |
1.01
% |
0.99
% | |||||
Ratio
of net investment income to average net assets |
5.15
% |
3.86
% |
3.85
% |
4.42
% |
5.09
% | |||||
Portfolio
turnover rate(c) |
53
% |
32
% |
79
% |
87
% |
80
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Emerging Markets Debt Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$10.66 |
$11.99 |
$10.37 |
$12.21 |
$12.69 | |||||
Net
investment income(a) |
0.47 |
0.47 |
0.47 |
0.55 |
0.60 | |||||
Net
realized and unrealized gain (loss) |
(1.53
) |
(1.31
) |
1.61 |
(1.85
) |
(0.50
) | |||||
Total
from investment operations |
(1.06
) |
(0.84
) |
2.08 |
(1.30
) |
0.10 | |||||
Distributions
to shareholders from net investment income |
(0.71
) |
(0.49
) |
(0.46
) |
(0.28
) |
(0.53
) | |||||
Distributions
to shareholders from return of capital |
— |
— |
— |
(0.26
) |
(0.05
) | |||||
Total
distributions |
(0.71
) |
(0.49
) |
(0.46
) |
(0.54
) |
(0.58
) | |||||
Net
asset value, end of year |
$8.89 |
$10.66 |
$11.99 |
$10.37 |
$12.21 | |||||
Total
return(b) |
(9.89
)% |
(7.34
)% |
20.12
% |
(11.17
)% |
1.05
% | |||||
Net
assets, end of year (in 000s) |
$161,802 |
$183,368 |
$214,558 |
$184,389 |
$332,270 | |||||
Ratio
of net expenses to average net assets |
0.85
% |
0.85
% |
0.85
% |
0.86
% |
0.85
% | |||||
Ratio
of total expenses to average net assets |
0.95
% |
0.88
% |
0.91
% |
0.91
% |
0.90
% | |||||
Ratio
of net investment income to average net assets |
5.01
% |
3.94
% |
3.92
% |
4.50
% |
5.10
% | |||||
Portfolio
turnover rate(c) |
53
% |
32
% |
79
% |
87
% |
80
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 High Yield Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$6.00 |
$6.39 |
$5.47 |
$6.32 |
$6.34 | |||||
Net
investment income (a) |
0.28 |
0.26 |
0.31 |
0.33 |
0.33 | |||||
Net
realized and unrealized gain (loss) |
(0.56
) |
(0.36
) |
0.93 |
(0.83
) |
(0.01
) | |||||
Total
from investment operations |
(0.28
) |
(0.10
) |
1.24 |
(0.50
) |
0.32 | |||||
Distributions
to shareholders from net investment income |
(0.28
) |
(0.26
) |
(0.32
) |
(0.35
) |
(0.34
) | |||||
Distributions
to shareholders from return of capital |
(0.02
) |
(0.03
) |
— |
—
(b) |
— | |||||
Total
distributions |
(0.30
) |
(0.29
) |
(0.32
) |
(0.35
) |
(0.34
) | |||||
Net
asset value, end of year |
$5.42 |
$6.00 |
$6.39 |
$5.47 |
$6.32 | |||||
Total
return(c) |
(4.51
)% |
(1.77
)% |
23.07
% |
(8.50
)% |
5.20
% | |||||
Net
assets, end of year (in 000s) |
$96,399 |
$111,249 |
$126,459 |
$120,003 |
$163,355 | |||||
Ratio
of net expenses to average net assets |
0.99
% |
1.00
% |
1.03
% |
1.03
% |
1.04
% | |||||
Ratio
of total expenses to average net assets |
1.11
% |
1.10
% |
1.11
% |
1.11
% |
1.11
% | |||||
Ratio
of net investment income to average net assets |
5.18
% |
4.15
% |
5.04
% |
5.26
% |
5.31
% | |||||
Portfolio
turnover rate(d) |
39
% |
56
% |
71
% |
80
% |
59
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Amount
is less than $0.005 per share. |
(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) |
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 High Yield Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$6.01 |
$6.40 |
$5.47 |
$6.32 |
$6.34 | |||||
Net
investment income(a) |
0.24 |
0.22 |
0.26 |
0.29 |
0.29 | |||||
Net
realized and unrealized gain (loss) |
(0.57
) |
(0.37
) |
0.95 |
(0.84
) |
(0.02
) | |||||
Total
from investment operations |
(0.33
) |
(0.15
) |
1.21 |
(0.55
) |
0.27 | |||||
Distributions
to shareholders from net investment income |
(0.24
) |
(0.22
) |
(0.28
) |
(0.30
) |
(0.29
) | |||||
Distributions
to shareholders from return of capital |
(0.02
) |
(0.02
) |
— |
—
(b) |
— | |||||
Total
distributions |
(0.26
) |
(0.24
) |
(0.28
) |
(0.30
) |
(0.29
) | |||||
Net
asset value, end of year |
$5.42 |
$6.01 |
$6.40 |
$5.47 |
$6.32 | |||||
Total
return(c) |
(5.38
)% |
(2.50
)% |
22.12
% |
(9.02
)% |
4.41
% | |||||
Net
assets, end of year (in 000s) |
$3,721 |
$5,607 |
$6,448 |
$9,942 |
$15,532 | |||||
Ratio
of net expenses to average net assets |
1.74
% |
1.75
% |
1.78
% |
1.78
% |
1.79
% | |||||
Ratio
of total expenses to average net assets |
1.86
% |
1.85
% |
1.86
% |
1.86
% |
1.85
% | |||||
Ratio
of net investment income to average net assets |
4.41
% |
3.40
% |
4.27
% |
4.52
% |
4.53
% | |||||
Portfolio
turnover rate(d) |
39
% |
56
% |
71
% |
80
% |
59
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Amount
is less than $0.005 per share. |
(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) |
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 High Yield Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$6.02 |
$6.41 |
$5.48 |
$6.33 |
$6.35 | |||||
Net
investment income(a) |
0.30 |
0.28 |
0.33 |
0.35 |
0.35 | |||||
Net
realized and unrealized gain (loss) |
(0.57
) |
(0.36
) |
0.94 |
(0.83
) |
(0.01
) | |||||
Total
from investment operations |
(0.27
) |
(0.08
) |
1.27 |
(0.48
) |
0.34 | |||||
Distributions
to shareholders from net investment income |
(0.30
) |
(0.28
) |
(0.34
) |
(0.37
) |
(0.36
) | |||||
Distributions
to shareholders from return of capital |
(0.02
) |
(0.03
) |
— |
—
(b) |
— | |||||
Total
distributions |
(0.32
) |
(0.31
) |
(0.34
) |
(0.37
) |
(0.36
) | |||||
Net
asset value, end of year |
$5.43 |
$6.02 |
$6.41 |
$5.48 |
$6.33 | |||||
Total
return(c) |
(4.38
)% |
(1.48
)% |
23.34
% |
(8.05
)% |
5.50
% | |||||
Net
assets, end of year (in 000s) |
$178,298 |
$263,256 |
$295,209 |
$250,926 |
$338,503 | |||||
Ratio
of net expenses to average net assets |
0.71
% |
0.72
% |
0.75
% |
0.75
% |
0.75
% | |||||
Ratio
of total expenses to average net assets |
0.78
% |
0.77
% |
0.78
% |
0.77
% |
0.75
% | |||||
Ratio
of net investment income to average net assets |
5.44
% |
4.43
% |
5.29
% |
5.55
% |
5.52
% | |||||
Portfolio
turnover rate(d) |
39
% |
56
% |
71
% |
80
% |
59
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Amount
is less than $0.005 per share. |
(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) |
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 High Yield Fund | |||||||||
|
Service
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$6.00 |
$6.39 |
$5.46 |
$6.31 |
$6.33 | |||||
Net
investment income(a) |
0.27 |
0.25 |
0.30 |
0.32 |
0.32 | |||||
Net
realized and unrealized gain (loss) |
(0.57
) |
(0.37
) |
0.94 |
(0.84
) |
(0.02
) | |||||
Total
from investment operations |
(0.30
) |
(0.12
) |
1.24 |
(0.52
) |
0.30 | |||||
Distributions
to shareholders from net investment income |
(0.27
) |
(0.24
) |
(0.31
) |
(0.33
) |
(0.32
) | |||||
Distributions
to shareholders from return of capital |
(0.02
) |
(0.03
) |
— |
—
(b) |
— | |||||
Total
distributions |
(0.29
) |
(0.27
) |
(0.31
) |
(0.33
) |
(0.32
) | |||||
Net
asset value, end of year |
$5.41 |
$6.00 |
$6.39 |
$5.46 |
$6.31 | |||||
Total
return(c) |
(4.89
)% |
(1.99
)% |
22.80
% |
(8.56
)% |
4.97
% | |||||
Net
assets, end of year (in 000s) |
$4,258 |
$6,867 |
$8,331 |
$5,563 |
$10,858 | |||||
Ratio
of net expenses to average net assets |
1.21
% |
1.22
% |
1.25
% |
1.25
% |
1.25
% | |||||
Ratio
of total expenses to average net assets |
1.28
% |
1.27
% |
1.28
% |
1.27
% |
1.27
% | |||||
Ratio
of net investment income to average net assets |
4.92
% |
3.94
% |
4.80
% |
5.05
% |
5.10
% | |||||
Portfolio
turnover rate(d) |
39
% |
56
% |
71
% |
80
% |
59
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Amount
is less than $0.005 per share. |
(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) |
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 High Yield Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$6.02 |
$6.40 |
$5.48 |
$6.33 |
$6.35 | |||||
Net
investment income(a) |
0.30 |
0.28 |
0.33 |
0.35 |
0.35 | |||||
Net
realized and unrealized gain (loss) |
(0.57
) |
(0.36
) |
0.93 |
(0.83
) |
(0.02
) | |||||
Total
from investment operations |
(0.27
) |
(0.08
) |
1.26 |
(0.48
) |
0.33 | |||||
Distributions
to shareholders from net investment income |
(0.30
) |
(0.27
) |
(0.34
) |
(0.37
) |
(0.35
) | |||||
Distributions
to shareholders from return of capital |
(0.02
) |
(0.03
) |
— |
—
(b) |
— | |||||
Total
distributions |
(0.32
) |
(0.30
) |
(0.34
) |
(0.37
) |
(0.35
) | |||||
Net
asset value, end of year |
$5.43 |
$6.02 |
$6.40 |
$5.48 |
$6.33 | |||||
Total
return(c) |
(4.25
)% |
(1.52
)% |
23.34
% |
(8.25
)% |
5.46
% | |||||
Net
assets, end of year (in 000s) |
$7,715 |
$16,174 |
$14,217 |
$13,268 |
$18,830 | |||||
Ratio
of net expenses to average net assets |
0.74
% |
0.75
% |
0.78
% |
0.78
% |
0.79
% | |||||
Ratio
of total expenses to average net assets |
0.86
% |
0.85
% |
0.86
% |
0.86
% |
0.86
% | |||||
Ratio
of net investment income to average net assets |
5.40
% |
4.40
% |
5.29
% |
5.52
% |
5.56
% | |||||
Portfolio
turnover rate(d) |
39
% |
56
% |
71
% |
80
% |
59
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Amount
is less than $0.005 per share. |
(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) |
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 High Yield Fund | |||||||||
|
Class
R Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$6.00 |
$6.38 |
$5.47 |
$6.31 |
$6.33 | |||||
Net
investment income(a) |
0.27 |
0.25 |
0.30 |
0.32 |
0.32 | |||||
Net
realized and unrealized gain (loss) |
(0.57
) |
(0.36
) |
0.92 |
(0.83
) |
(0.02
) | |||||
Total
from investment operations |
(0.30
) |
(0.11
) |
1.22 |
(0.51
) |
0.30 | |||||
Distributions
to shareholders from net investment income |
(0.27
) |
(0.24
) |
(0.31
) |
(0.33
) |
(0.32
) | |||||
Distributions
to shareholders from return of capital |
(0.02
) |
(0.03
) |
— |
—
(b) |
— | |||||
Total
distributions |
(0.29
) |
(0.27
) |
(0.31
) |
(0.33
) |
(0.32
) | |||||
Net
asset value, end of year |
$5.41 |
$6.00 |
$6.38 |
$5.47 |
$6.31 | |||||
Total
return(c) |
(4.92
)% |
(1.87
)% |
22.57
% |
(8.58
)% |
4.93
% | |||||
Net
assets, end of year (in 000s) |
$3,816 |
$4,551 |
$6,089 |
$9,899 |
$12,560 | |||||
Ratio
of net expenses to average net assets |
1.24
% |
1.25
% |
1.28
% |
1.28
% |
1.29
% | |||||
Ratio
of total expenses to average net assets |
1.36
% |
1.35
% |
1.36
% |
1.36
% |
1.36
% | |||||
Ratio
of net investment income to average net assets |
4.93
% |
3.90
% |
4.84
% |
5.01
% |
5.06
% | |||||
Portfolio
turnover rate(d) |
39
% |
56
% |
71
% |
80
% |
59
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Amount
is less than $0.005 per share. |
(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) |
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 High Yield Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$6.03 |
$6.42 |
$5.49 |
$6.34 |
$6.36 | |||||
Net
investment income(a) |
0.29 |
0.28 |
0.33 |
0.35 |
0.35 | |||||
Net
realized and unrealized gain (loss) |
(0.56
) |
(0.36
) |
0.94 |
(0.83
) |
(0.01
) | |||||
Total
from investment operations |
(0.27
) |
(0.08
) |
1.27 |
(0.48
) |
0.34 | |||||
Distributions
to shareholders from net investment income |
(0.30
) |
(0.28
) |
(0.34
) |
(0.37
) |
(0.36
) | |||||
Distributions
to shareholders from return of capital |
(0.02
) |
(0.03
) |
— |
—
(b) |
— | |||||
Total
distributions |
(0.32
) |
(0.31
) |
(0.34
) |
(0.37
) |
(0.36
) | |||||
Net
asset value, end of year |
$5.44 |
$6.03 |
$6.42 |
$5.49 |
$6.34 | |||||
Total
return(c) |
(4.36
)% |
(1.46
)% |
23.32
% |
(8.02
)% |
5.51
% | |||||
Net
assets, end of year (in 000s) |
$16,748 |
$70,219 |
$41,825 |
$49,791 |
$81,751 | |||||
Ratio
of net expenses to average net assets |
0.70
% |
0.71
% |
0.74
% |
0.74
% |
0.74
% | |||||
Ratio
of total expenses to average net assets |
0.77
% |
0.76
% |
0.77
% |
0.76
% |
0.75
% | |||||
Ratio
of net investment income to average net assets |
5.31
% |
4.45
% |
5.31
% |
5.55
% |
5.58
% | |||||
Portfolio
turnover rate(d) |
39
% |
56
% |
71
% |
80
% |
59
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Amount
is less than $0.005 per share. |
(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) |
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 High Yield Floating Rate Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$9.23 |
$9.36 |
$7.89 |
$9.36 |
$9.65 | |||||
Net
investment income (a) |
0.52 |
0.29 |
0.32 |
0.45 |
0.44 | |||||
Net
realized and unrealized gain (loss) |
(0.46
) |
(0.13
) |
1.48 |
(1.47
) |
(0.29
) | |||||
Total
from investment operations |
0.06 |
0.16 |
1.80 |
(1.02
) |
0.15 | |||||
Distributions
to shareholders from net investment income |
(0.58
) |
(0.29
) |
(0.33
) |
(0.45
) |
(0.44
) | |||||
Net
asset value, end of year |
$8.71 |
$9.23 |
$9.36 |
$7.89 |
$9.36 | |||||
Total
return(b) |
0.77
% |
1.83
% |
22.96
% |
(11.44
)% |
1.57
% | |||||
Net
assets, end of year (in 000s) |
$2,959 |
$3,623 |
$3,583 |
$2,788 |
$3,802 | |||||
Ratio
of net expenses to average net assets after interest
expense |
1.06
% |
0.96
% |
1.06
% |
1.04
% |
0.97
% | |||||
Ratio
of net expenses to average net assets before interest
expense |
0.99
% |
0.94
% |
1.01
% |
1.03
% |
0.97
% | |||||
Ratio
of total expenses to average net assets after interest
expense |
1.07
% |
0.98
% |
1.11
% |
1.04
% |
0.97
% | |||||
Ratio
of net investment income to average net assets |
5.89
% |
3.05
% |
3.62
% |
4.86
% |
4.57
% | |||||
Portfolio
turnover rate(c) |
24
% |
26
% |
53
% |
39
% |
69
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 High Yield Floating Rate Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$9.23 |
$9.36 |
$7.89 |
$9.36 |
$9.65 | |||||
Net
investment income(a) |
0.44 |
0.22 |
0.26 |
0.38 |
0.36 | |||||
Net
realized and unrealized gain (loss) |
(0.45
) |
(0.13
) |
1.47 |
(1.47
) |
(0.28
) | |||||
Total
from investment operations |
(0.01
) |
0.09 |
1.73 |
(1.09
) |
0.08 | |||||
Distributions
to shareholders from net investment income |
(0.51
) |
(0.22
) |
(0.26
) |
(0.38
) |
(0.37
) | |||||
Net
asset value, end of year |
$8.71 |
$9.23 |
$9.36 |
$7.89 |
$9.36 | |||||
Total
return(b) |
0.02
% |
0.96
% |
22.18
% |
(12.10
)% |
0.81
% | |||||
Net
assets, end of year (in 000s) |
$731 |
$1,178 |
$578 |
$673 |
$1,126 | |||||
Ratio
of net expenses to average net assets after interest
expense |
1.80
% |
1.71
% |
1.81
% |
1.79
% |
1.71
% | |||||
Ratio
of net expenses to average net assets before interest
expense |
1.74
% |
1.69
% |
1.76
% |
1.77
% |
1.71
% | |||||
Ratio
of total expenses to average net assets after interest
expense |
1.81
% |
1.73
% |
1.87
% |
1.79
% |
1.72
% | |||||
Ratio
of net investment income to average net assets |
5.01
% |
2.31
% |
2.93
% |
4.12
% |
3.74
% | |||||
Portfolio
turnover rate(c) |
24
% |
26
% |
53
% |
39
% |
69
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 High Yield Floating Rate Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$9.23 |
$9.36 |
$7.90 |
$9.36 |
$9.66 | |||||
Net
investment income(a) |
0.58 |
0.32 |
0.36 |
0.48 |
0.43 | |||||
Net
realized and unrealized gain (loss) |
(0.49
) |
(0.13
) |
1.46 |
(1.45
) |
(0.26
) | |||||
Total
from investment operations |
0.09 |
0.19 |
1.82 |
(0.97
) |
0.17 | |||||
Distributions
to shareholders from net investment income |
(0.61
) |
(0.32
) |
(0.36
) |
(0.49
) |
(0.47
) | |||||
Net
asset value, end of year |
$8.71 |
$9.23 |
$9.36 |
$7.90 |
$9.36 | |||||
Total
return(b) |
1.10
% |
2.06
% |
23.34
% |
(11.03
)% |
1.81
% | |||||
Net
assets, end of year (in 000s) |
$131,964 |
$71,792 |
$75,149 |
$79,977 |
$89,465 | |||||
Ratio
of net expenses to average net assets after interest
expense |
0.75
% |
0.63
% |
0.72
% |
0.70
% |
0.61
% | |||||
Ratio
of net expenses to average net assets before interest
expense |
0.67
% |
0.61
% |
0.67
% |
0.68
% |
0.61
% | |||||
Ratio
of total expenses to average net assets after interest
expense |
0.75
% |
0.65
% |
0.76
% |
0.70
% |
0.62
% | |||||
Ratio
of net investment income to average net assets |
6.58
% |
3.38
% |
3.99
% |
5.16
% |
4.51
% | |||||
Portfolio
turnover rate(c) |
24
% |
26
% |
53
% |
39
% |
69
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 High Yield Floating Rate Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$9.25 |
$9.38 |
$7.91 |
$9.38 |
$9.67 | |||||
Net
investment income(a) |
0.57 |
0.31 |
0.34 |
0.48 |
0.45 | |||||
Net
realized and unrealized gain (loss) |
(0.49
) |
(0.13
) |
1.48 |
(1.47
) |
(0.28
) | |||||
Total
from investment operations |
0.08 |
0.18 |
1.82 |
(0.99
) |
0.17 | |||||
Distributions
to shareholders from net investment income |
(0.60
) |
(0.31
) |
(0.35
) |
(0.48
) |
(0.46
) | |||||
Net
asset value, end of year |
$8.73 |
$9.25 |
$9.38 |
$7.91 |
$9.38 | |||||
Total
return(b) |
1.04
% |
1.98
% |
23.35
% |
(11.18
)% |
1.83
% | |||||
Net
assets, end of year (in 000s) |
$6,217 |
$6,293 |
$3,825 |
$705 |
$1,431 | |||||
Ratio
of net expenses to average net assets after interest
expense |
0.83
% |
0.71
% |
0.80
% |
0.78
% |
0.71
% | |||||
Ratio
of net expenses to average net assets before interest
expense |
0.75
% |
0.69
% |
0.75
% |
0.77
% |
0.71
% | |||||
Ratio
of total expenses to average net assets after interest
expense |
0.83
% |
0.73
% |
0.84
% |
0.78
% |
0.72
% | |||||
Ratio
of net investment income to average net assets |
6.45
% |
3.30
% |
3.74
% |
5.14
% |
4.69
% | |||||
Portfolio
turnover rate(c) |
24
% |
26
% |
53
% |
39
% |
69
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 High Yield Floating Rate Fund | |||||||||
|
Class
R Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$9.23 |
$9.35 |
$7.89 |
$9.36 |
$9.65 | |||||
Net
investment income(a) |
0.59 |
0.26 |
0.30 |
0.44 |
0.42 | |||||
Net
realized and unrealized gain (loss) |
(0.56
) |
(0.11
) |
1.47 |
(1.48
) |
(0.30
) | |||||
Total
from investment operations |
0.03 |
0.15 |
1.77 |
(1.04
) |
0.12 | |||||
Distributions
to shareholders from net investment income |
(0.55
) |
(0.27
) |
(0.31
) |
(0.43
) |
(0.41
) | |||||
Net
asset value, end of year |
$8.71 |
$9.23 |
$9.35 |
$7.89 |
$9.36 | |||||
Total
return(b) |
0.52
% |
1.58
% |
22.69
% |
(11.64
)% |
1.31
% | |||||
Net
assets, end of year (in 000s) |
$249 |
$68 |
$13 |
$11 |
$100 | |||||
Ratio
of net expenses to average net assets after interest
expense |
1.38
% |
1.18
% |
1.29
% |
1.27
% |
1.22
% | |||||
Ratio
of net expenses to average net assets before interest
expense |
1.27
% |
1.17
% |
1.25
% |
1.26
% |
1.22
% | |||||
Ratio
of total expenses to average net assets after interest
expense |
1.39
% |
1.20
% |
1.34
% |
1.27
% |
1.23
% | |||||
Ratio
of net investment income to average net assets |
6.68
% |
2.79
% |
3.38
% |
4.75
% |
4.40
% | |||||
Portfolio
turnover rate(c) |
24
% |
26
% |
53
% |
39
% |
69
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 High Yield Floating Rate Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$9.24 |
$9.36 |
$7.90 |
$9.37 |
$9.67 | |||||
Net
investment income(a) |
0.43 |
0.32 |
0.33 |
0.49 |
0.45 | |||||
Net
realized and unrealized gain (loss) |
(0.34
) |
(0.12
) |
1.49 |
(1.47
) |
(0.28
) | |||||
Total
from investment operations |
0.09 |
0.20 |
1.82 |
(0.98
) |
0.17 | |||||
Distributions
to shareholders from net investment income |
(0.61
) |
(0.32
) |
(0.36
) |
(0.49
) |
(0.47
) | |||||
Net
asset value, end of year |
$8.72 |
$9.24 |
$9.36 |
$7.90 |
$9.37 | |||||
Total
return(b) |
1.12
% |
2.18
% |
23.35
% |
(11.11
)% |
1.82
% | |||||
Net
assets, end of year (in 000s) |
$17,687 |
$355,784 |
$143,999 |
$24,486 |
$26,552 | |||||
Ratio
of net expenses to average net assets after interest
expense |
0.63
% |
0.62
% |
0.70
% |
0.69
% |
0.60
% | |||||
Ratio
of net expenses to average net assets before interest
expense |
0.62
% |
0.62
% |
0.57
% |
0.67
% |
0.60
% | |||||
Ratio
of total expenses to average net assets after interest
expense |
0.64
% |
0.64
% |
0.75
% |
0.69
% |
0.61
% | |||||
Ratio
of net investment income to average net assets |
4.84
% |
3.41
% |
3.59
% |
5.20
% |
4.69
% | |||||
Portfolio
turnover rate(c) |
24
% |
26
% |
53
% |
39
% |
69
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Investment Grade Credit Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.76 |
$9.59 |
$8.96 |
$9.16 |
$9.01 | |||||
Net
investment income (a) |
0.24 |
0.20 |
0.24 |
0.27 |
0.28 | |||||
Net
realized and unrealized gain (loss) |
(0.76
) |
(0.58
) |
0.77 |
(0.06
) |
0.16 | |||||
Total
from investment operations |
(0.52
) |
(0.38
) |
1.01 |
0.21 |
0.44 | |||||
Distributions
to shareholders from net investment income |
(0.24
) |
(0.17
) |
(0.25
) |
(0.29
) |
(0.29
) | |||||
Distributions
to shareholders from net realized gains |
— |
(0.22
) |
(0.13
) |
(0.12
) |
— | |||||
Distributions
to shareholders from return of capital |
(0.03
) |
(0.06
) |
— |
— |
— | |||||
Total
distributions |
(0.27
) |
(0.45
) |
(0.38
) |
(0.41
) |
(0.29
) | |||||
Net
asset value, end of year |
$7.97 |
$8.76 |
$9.59 |
$8.96 |
$9.16 | |||||
Total
return(b) |
(5.71
)% |
(4.42
)% |
11.23
% |
1.98
% |
5.14
% | |||||
Net
assets, end of year (in 000s) |
$6,130 |
$8,652 |
$9,743 |
$9,832 |
$7,895 | |||||
Ratio
of net expenses to average net assets |
0.71
% |
0.71
% |
0.72
% |
0.72
% |
0.72
% | |||||
Ratio
of total expenses to average net assets |
0.79
% |
0.79
% |
0.79
% |
0.81
% |
0.84
% | |||||
Ratio
of net investment income to average net assets |
3.02
% |
2.04
% |
2.40
% |
2.86
% |
3.19
% | |||||
Portfolio
turnover rate(c) |
58
% |
31
% |
69
% |
76
% |
82
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Investment Grade Credit Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.76 |
$9.59 |
$8.96 |
$9.17 |
$9.01 | |||||
Net
investment income(a) |
0.27 |
0.23 |
0.27 |
0.30 |
0.31 | |||||
Net
realized and unrealized gain (loss) |
(0.76
) |
(0.58
) |
0.78 |
(0.07
) |
0.17 | |||||
Total
from investment operations |
(0.49
) |
(0.35
) |
1.05 |
0.23 |
0.48 | |||||
Distributions
to shareholders from net investment income |
(0.27
) |
(0.20
) |
(0.29
) |
(0.32
) |
(0.32
) | |||||
Distributions
to shareholders from net realized gains |
— |
(0.22
) |
(0.13
) |
(0.12
) |
— | |||||
Distributions
to shareholders from return of capital |
(0.03
) |
(0.06
) |
— |
— |
— | |||||
Total
distributions |
(0.30
) |
(0.48
) |
(0.42
) |
(0.44
) |
(0.32
) | |||||
Net
asset value, end of year |
$7.97 |
$8.76 |
$9.59 |
$8.96 |
$9.17 | |||||
Total
return(b) |
(5.50
)% |
(4.00
)% |
11.47
% |
2.44
% |
5.50
% | |||||
Net
assets, end of year (in 000s) |
$64,706 |
$66,925 |
$123,553 |
$51,976 |
$40,548 | |||||
Ratio
of net expenses to average net assets |
0.38
% |
0.38
% |
0.38
% |
0.38
% |
0.38
% | |||||
Ratio
of total expenses to average net assets |
0.46
% |
0.46
% |
0.45
% |
0.47
% |
0.48
% | |||||
Ratio
of net investment income to average net assets |
3.38
% |
2.38
% |
2.69
% |
3.19
% |
3.49
% | |||||
Portfolio
turnover rate(c) |
58
% |
31
% |
69
% |
76
% |
82
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Investment Grade Credit Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.76 |
$9.59 |
$8.96 |
$9.17 |
$9.02 | |||||
Net
investment income(a) |
0.27 |
0.22 |
0.26 |
0.30 |
0.31 | |||||
Net
realized and unrealized gain (loss) |
(0.77
) |
(0.58
) |
0.78 |
(0.07
) |
0.15 | |||||
Total
from investment operations |
(0.50
) |
(0.36
) |
1.04 |
0.23 |
0.46 | |||||
Distributions
to shareholders from net investment income |
(0.26
) |
(0.19
) |
(0.28
) |
(0.32
) |
(0.31
) | |||||
Distributions
to shareholders from net realized gains |
— |
(0.22
) |
(0.13
) |
(0.12
) |
— | |||||
Distributions
to shareholders from return of capital |
(0.03
) |
(0.06
) |
— |
— |
— | |||||
Total
distributions |
(0.29
) |
(0.47
) |
(0.41
) |
(0.44
) |
(0.31
) | |||||
Net
asset value, end of year |
$7.97 |
$8.76 |
$9.59 |
$8.96 |
$9.17 | |||||
Total
return(b) |
(5.58
)% |
(4.07
)% |
11.38
% |
2.35
% |
5.28
% | |||||
Net
assets, end of year (in 000s) |
$11,844 |
$3,815 |
$5,364 |
$4,628 |
$3,164 | |||||
Ratio
of net expenses to average net assets |
0.46
% |
0.46
% |
0.46
% |
0.47
% |
0.47
% | |||||
Ratio
of total expenses to average net assets |
0.54
% |
0.54
% |
0.54
% |
0.56
% |
0.58
% | |||||
Ratio
of net investment income to average net assets |
3.39
% |
2.30
% |
2.63
% |
3.10
% |
3.45
% | |||||
Portfolio
turnover rate(c) |
58
% |
31
% |
69
% |
76
% |
82
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Investment Grade Credit Fund | |||||||||
|
Separate
Account Institutional Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.76 |
$9.60 |
$8.97 |
$9.17 |
$9.02 | |||||
Net
investment income(a) |
0.27 |
0.23 |
0.27 |
0.31 |
0.31 | |||||
Net
realized and unrealized gain (loss) |
(0.76
) |
(0.59
) |
0.78 |
(0.07
) |
0.16 | |||||
Total
from investment operations |
(0.49
) |
(0.36
) |
1.05 |
0.24 |
0.47 | |||||
Distributions
to shareholders from net investment income |
(0.27
) |
(0.20
) |
(0.29
) |
(0.32
) |
(0.32
) | |||||
Distributions
to shareholders from net realized gains |
— |
(0.22
) |
(0.13
) |
(0.12
) |
— | |||||
Distributions
to shareholders from return of capital |
(0.03
) |
(0.06
) |
— |
— |
— | |||||
Total
distributions |
(0.30
) |
(0.48
) |
(0.42
) |
(0.44
) |
(0.32
) | |||||
Net
asset value, end of year |
$7.97 |
$8.76 |
$9.60 |
$8.97 |
$9.17 | |||||
Total
return(b) |
(5.38
)% |
(4.09
)% |
11.60
% |
2.45
% |
5.39
% | |||||
Net
assets, end of year (in 000s) |
$102,580 |
$123,397 |
$176,606 |
$226,962 |
$228,692 | |||||
Ratio
of net expenses to average net assets |
0.37
% |
0.37
% |
0.37
% |
0.37
% |
0.37
% | |||||
Ratio
of total expenses to average net assets |
0.45
% |
0.45
% |
0.45
% |
0.46
% |
0.49
% | |||||
Ratio
of net investment income to average net assets |
3.38
% |
2.39
% |
2.75
% |
3.21
% |
3.55
% | |||||
Portfolio
turnover rate(c) |
58
% |
31
% |
69
% |
76
% |
82
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Investment Grade Credit Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.76 |
$9.59 |
$8.96 |
$9.17 |
$9.02 | |||||
Net
investment income(a) |
0.27 |
0.22 |
0.27 |
0.31 |
0.33 | |||||
Net
realized and unrealized gain (loss) |
(0.76
) |
(0.57
) |
0.78 |
(0.08
) |
0.14 | |||||
Total
from investment operations |
(0.49
) |
(0.35
) |
1.05 |
0.23 |
0.47 | |||||
Distributions
to shareholders from net investment income |
(0.27
) |
(0.20
) |
(0.29
) |
(0.32
) |
(0.32
) | |||||
Distributions
to shareholders from net realized gains |
— |
(0.22
) |
(0.13
) |
(0.12
) |
— | |||||
Distributions
to shareholders from return of capital |
(0.03
) |
(0.06
) |
— |
— |
— | |||||
Total
distributions |
(0.30
) |
(0.48
) |
(0.42
) |
(0.44
) |
(0.32
) | |||||
Net
asset value, end of year |
$7.97 |
$8.76 |
$9.59 |
$8.96 |
$9.17 | |||||
Total
return(b) |
(5.38
)% |
(3.99
)% |
11.48
% |
2.45
% |
5.39
% | |||||
Net
assets, end of year (in 000s) |
$274,325 |
$320,086 |
$1,228 |
$978 |
$675 | |||||
Ratio
of net expenses to average net assets |
0.37
% |
0.37
% |
0.37
% |
0.37
% |
0.37
% | |||||
Ratio
of total expenses to average net assets |
0.45
% |
0.45
% |
0.45
% |
0.46
% |
0.54
% | |||||
Ratio
of net investment income to average net assets |
3.38
% |
2.35
% |
2.74
% |
3.20
% |
3.63
% | |||||
Portfolio
turnover rate(c) |
58
% |
31
% |
69
% |
76
% |
82
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
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. |
(c) |
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 Local Emerging Markets Debt Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$5.00 |
$5.56 |
$4.98 |
$5.76 |
$6.89 | |||||
Net
investment income (a) |
0.23 |
0.19 |
0.20 |
0.24 |
0.34 | |||||
Net
realized and unrealized gain (loss) |
(0.33
) |
(0.55
) |
0.58 |
(0.79
) |
(1.17
) | |||||
Total
from investment operations |
(0.10
) |
(0.36
) |
0.78 |
(0.55
) |
(0.83
) | |||||
Distributions
to shareholders from net investment income |
(0.35
) |
(0.20
) |
— |
—
(b) |
— | |||||
Distributions
to shareholders from return of capital |
— |
— |
(0.20
) |
(0.23
) |
(0.30
) | |||||
Total
distributions |
(0.35
) |
(0.20
) |
(0.20
) |
(0.23
) |
(0.30
) | |||||
Net
asset value, end of year |
$4.55 |
$5.00 |
$5.56 |
$4.98 |
$5.76 | |||||
Total
return(c) |
(1.79
)% |
(6.51
)% |
15.65
% |
(10.05
)% |
(12.08
)% | |||||
Net
assets, end of year (in 000s) |
$2,794 |
$3,842 |
$4,795 |
$4,808 |
$5,465 | |||||
Ratio
of net expenses to average net assets |
1.22
% |
1.21
% |
1.21
% |
1.23
% |
1.21
% | |||||
Ratio
of total expenses to average net assets |
2.49
% |
1.74
% |
1.84
% |
1.63
% |
1.53
% | |||||
Ratio
of net investment income to average net assets |
5.08
% |
3.44
% |
3.56
% |
4.13
% |
5.75
% | |||||
Portfolio
turnover rate(d) |
168
% |
123
% |
111
% |
84
% |
117
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Rounds
to less than $0.005 per share. |
(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) |
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 Local Emerging Markets Debt Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$5.00 |
$5.55 |
$4.98 |
$5.75 |
$6.88 | |||||
Net
investment income(a) |
0.20 |
0.15 |
0.16 |
0.20 |
0.29 | |||||
Net
realized and unrealized gain (loss) |
(0.34
) |
(0.54
) |
0.57 |
(0.78
) |
(1.17
) | |||||
Total
from investment operations |
(0.14
) |
(0.39
) |
0.73 |
(0.58
) |
(0.88
) | |||||
Distributions
to shareholders from net investment income |
(0.32
) |
(0.16
) |
— |
—
(b) |
— | |||||
Distributions
to shareholders from return of capital |
— |
— |
(0.16
) |
(0.19
) |
(0.25
) | |||||
Total
distributions |
(0.32
) |
(0.16
) |
(0.16
) |
(0.19
) |
(0.25
) | |||||
Net
asset value, end of year |
$4.54 |
$5.00 |
$5.55 |
$4.98 |
$5.75 | |||||
Total
return(c) |
(2.54
)% |
(7.39
)% |
15.02
% |
(10.74
)% |
(12.76
)% | |||||
Net
assets, end of year (in 000s) |
$1,651 |
$1,879 |
$2,055 |
$2,526 |
$4,457 | |||||
Ratio
of net expenses to average net assets |
1.97
% |
1.96
% |
1.96
% |
1.98
% |
1.96
% | |||||
Ratio
of total expenses to average net assets |
3.24
% |
2.50
% |
2.58
% |
2.38
% |
2.27
% | |||||
Ratio
of net investment income to average net assets |
4.34
% |
2.69
% |
2.82
% |
3.44
% |
4.99
% | |||||
Portfolio
turnover rate(d) |
168
% |
123
% |
111
% |
84
% |
117
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Rounds
to less than $0.005 per share. |
(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) |
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 Local Emerging Markets Debt Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$4.99 |
$5.54 |
$4.97 |
$5.74 |
$6.87 | |||||
Net
investment income(a) |
0.24 |
0.20 |
0.22 |
0.26 |
0.38 | |||||
Net
realized and unrealized gain (loss) |
(0.33
) |
(0.53
) |
0.57 |
(0.78
) |
(1.20
) | |||||
Total
from investment operations |
(0.09
) |
(0.33
) |
0.79 |
(0.52
) |
(0.82
) | |||||
Distributions
to shareholders from net investment income |
(0.37
) |
(0.22
) |
— |
—
(b) |
— | |||||
Distributions
to shareholders from return of capital |
— |
— |
(0.22
) |
(0.25
) |
(0.31
) | |||||
Total
distributions |
(0.37
) |
(0.22
) |
(0.22
) |
(0.25
) |
(0.31
) | |||||
Net
asset value, end of year |
$4.53 |
$4.99 |
$5.54 |
$4.97 |
$5.74 | |||||
Total
return(c) |
(1.31
)% |
(6.43
)% |
16.26
% |
(9.82
)% |
(11.86
)% | |||||
Net
assets, end of year (in 000s) |
$6,569 |
$11,750 |
$11,320 |
$16,667 |
$32,419 | |||||
Ratio
of net expenses to average net assets |
0.92
% |
0.92
% |
0.91
% |
0.93
% |
0.91
% | |||||
Ratio
of total expenses to average net assets |
2.14
% |
1.41
% |
1.51
% |
1.29
% |
1.10
% | |||||
Ratio
of net investment income to average net assets |
5.36
% |
3.72
% |
3.86
% |
4.48
% |
6.33
% | |||||
Portfolio
turnover rate(d) |
168
% |
123
% |
111
% |
84
% |
117
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Rounds
to less than $0.005 per share. |
(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) |
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 Local Emerging Markets Debt Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$4.99 |
$5.55 |
$4.97 |
$5.74 |
$6.87 | |||||
Net
investment income(a) |
0.24 |
0.20 |
0.21 |
0.26 |
0.35 | |||||
Net
realized and unrealized gain (loss) |
(0.32
) |
(0.55
) |
0.58 |
(0.79
) |
(1.17
) | |||||
Total
from investment operations |
(0.08
) |
(0.35
) |
0.79 |
(0.53
) |
(0.82
) | |||||
Distributions
to shareholders from net investment income |
(0.37
) |
(0.21
) |
— |
—
(b) |
— | |||||
Distributions
to shareholders from return of capital |
— |
— |
(0.21
) |
(0.24
) |
(0.31
) | |||||
Total
distributions |
(0.37
) |
(0.21
) |
(0.21
) |
(0.24
) |
(0.31
) | |||||
Net
asset value, end of year |
$4.54 |
$4.99 |
$5.55 |
$4.97 |
$5.74 | |||||
Total
return(c) |
(1.56
)% |
(6.29
)% |
15.97
% |
(9.69
)% |
(11.91
)% | |||||
Net
assets, end of year (in 000s) |
$6,364 |
$8,364 |
$4,781 |
$5,557 |
$6,057 | |||||
Ratio
of net expenses to average net assets |
0.97
% |
0.96
% |
0.96
% |
0.98
% |
0.96
% | |||||
Ratio
of total expenses to average net assets |
2.24
% |
1.50
% |
1.60
% |
1.38
% |
1.25
% | |||||
Ratio
of net investment income to average net assets |
5.31
% |
3.70
% |
3.80
% |
4.35
% |
6.03
% | |||||
Portfolio
turnover rate(d) |
168
% |
123
% |
111
% |
84
% |
117
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Rounds
to less than $0.005 per share. |
(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) |
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 Local Emerging Markets Debt Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$4.99 |
$5.55 |
$4.97 |
$5.74 |
$6.87 | |||||
Net
investment income(a) |
0.25 |
0.21 |
0.22 |
0.27 |
0.34 | |||||
Net
realized and unrealized gain (loss) |
(0.34
) |
(0.55
) |
0.58 |
(0.79
) |
(1.16
) | |||||
Total
from investment operations |
(0.09
) |
(0.34
) |
0.80 |
(0.52
) |
(0.82
) | |||||
Distributions
to shareholders from net investment income |
(0.37
) |
(0.22
) |
— |
—
(b) |
— | |||||
Distributions
to shareholders from return of capital |
— |
— |
(0.22
) |
(0.25
) |
(0.31
) | |||||
Total
distributions |
(0.37
) |
(0.22
) |
(0.22
) |
(0.25
) |
(0.31
) | |||||
Net
asset value, end of year |
$4.53 |
$4.99 |
$5.55 |
$4.97 |
$5.74 | |||||
Total
return(c) |
(1.52
)% |
(6.42
)% |
16.27
% |
(9.82
)% |
(11.86
)% | |||||
Net
assets, end of year (in 000s) |
$25,147 |
$4,672 |
$24,800 |
$30,325 |
$92,937 | |||||
Ratio
of net expenses to average net assets |
0.90
% |
0.90
% |
0.90
% |
0.91
% |
0.90
% | |||||
Ratio
of total expenses to average net assets |
2.14
% |
1.36
% |
1.48
% |
1.28
% |
1.18
% | |||||
Ratio
of net investment income to average net assets |
5.56
% |
3.72
% |
3.87
% |
4.60
% |
5.91
% | |||||
Portfolio
turnover rate(d) |
168
% |
123
% |
111
% |
84
% |
117
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Rounds
to less than $0.005 per share. |
(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) |
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”) |
FOR
MORE INFORMATION |
|
Institutional,
Service, Separate Account Institutional & Class
R6 |
Class
A, C, Investor & R |
◼ By
telephone: |
1-800-621-2550 |
1-800-526-7384 |
◼ By
mail: |
Goldman
Sachs Funds
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 |
|