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 |
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 |
|
|
|
|
Russell
Midcap®
Growth 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 |
|
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
|
Expense
Limitation and Fee Waiver3 |
( |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After Expense
Limitation
and Fee Waiver |
|
|
|
|
|
|
|
|
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 |
Since
Inception |
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 |
|
|
|
Russell
2000®
Growth 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 |
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 |
|
|
|
|
Russell
2500®
Growth 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 |
Service |
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 |
Service |
Investor |
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
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
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
NASDAQ
Composite Total Return 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 |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVE |
PRINCIPAL
INVESTMENT STRATEGIES |
ADDITIONAL
FEES AND EXPENSES INFORMATION |
ADDITIONAL
PERFORMANCE INFORMATION |
OTHER
INVESTMENT PRACTICES AND
SECURITIES |
10
Percent of total assets (including securities lending collateral) (italic
type)
10 Percent
of net assets (excluding borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund |
Mid
Cap
Growth
Fund |
Small
Cap
Growth
Fund |
Small/Mid
Cap
Growth
Fund |
Technology
Opportunities
Fund |
Investment
Practices |
|
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Cross
Hedging of Currencies |
• |
• |
• |
• |
Custodial
Receipts and Trust Certificates |
• |
• |
• |
• |
Equity
Swaps |
• |
• |
• |
15 |
Foreign
Currency Transactions (including forward contracts)* |
• |
• |
• |
• |
Futures
Contracts and Options and Swaps on Futures Contracts |
• |
• |
• |
• |
Illiquid
Investments** |
15 |
15 |
15 |
15 |
Investment
Company Securities (including ETFs)1
|
10 |
10 |
10 |
10 |
Options
on Foreign Currencies2
|
• |
• |
• |
• |
Options3
|
• |
• |
• |
• |
Preferred
Stock, Warrants and Stock Purchase Rights |
• |
• |
• |
• |
Repurchase
Agreements |
• |
• |
• |
• |
Securities
Lending |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Short
Sales Against the Box |
25 |
25 |
25 |
• |
Unseasoned
Companies |
• |
• |
• |
• |
When-Issued
Securities and Forward Commitments |
• |
• |
• |
• |
10 Percent
of total assets (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 |
Mid
Cap Growth
Fund |
Small
Cap
Growth
Fund |
Small/Mid
Cap
Growth
Fund |
Technology
Opportunities
Fund |
Investment
Securities |
|
|
|
|
American,
European and Global Depositary Receipts |
• |
• |
• |
• |
Asset-Backed
and Mortgage-Backed Securities4
|
• |
• |
• |
• |
Bank
Obligations4
|
• |
• |
• |
• |
Convertible
Securities5
|
• |
— |
— |
• |
Corporate
Debt Obligations4
|
• |
• |
• |
• |
Equity
Investments |
80+ |
80+ |
80+ |
80+ |
Emerging
Country Securities6
|
10 |
25 |
25 |
25 |
Fixed
Income Securities7
|
10 |
20 |
20 |
20 |
Foreign
Securities6
|
25 |
25 |
25 |
25 |
Initial
Public Offerings (“IPOs”) |
• |
• |
• |
• |
Master
Limited Partnerships |
• |
• |
• |
• |
Non-Investment
Grade Fixed Income Securities4,8
|
10 |
20 |
20 |
20 |
Pre-IPO
Investments (including late-stage private equity
securities) |
• |
• |
• |
• |
Private
Investments in Public Equity (“PIPEs”) |
• |
• |
• |
• |
Real
Estate Investment Trusts (“REITs”) |
• |
• |
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
• |
• |
• |
• |
Structured
Securities (which may include equity linked notes)9
|
• |
• |
• |
• |
Temporary
Investments |
• |
• |
• |
• |
U.S.
Government Securities4
|
• |
• |
• |
• |
✓ Principal
Risk
• Additional
Risk |
Mid
Cap
Growth
Fund |
Small
Cap
Growth
Fund |
Small/Mid
Cap
Growth
Fund |
Technology
Opportunities
Fund |
Credit/Default |
• |
• |
• |
• |
Cybersecurity |
• |
• |
• |
• |
Derivatives |
• |
• |
• |
• |
Emerging
Countries |
✓ |
• |
✓ |
✓ |
ESG
Integration |
• |
• |
• |
• |
Foreign |
✓ |
• |
✓ |
✓ |
Geographic |
• |
• |
• |
• |
Industry
Concentration |
|
|
|
✓ |
Initial
Public Offering (“IPO”) |
• |
• |
• |
• |
Interest
Rate |
• |
• |
• |
• |
Investment
Style |
✓ |
✓ |
✓ |
✓ |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
✓ |
Liquidity |
• |
• |
• |
• |
Management |
• |
• |
• |
• |
Market |
✓ |
✓ |
✓ |
✓ |
Master
Limited Partnerships |
• |
• |
• |
• |
Mid-Cap
and Small-Cap |
✓ |
✓ |
✓ |
✓ |
NAV |
• |
• |
• |
• |
Non-Investment
Grade Fixed Income Investments |
• |
• |
• |
• |
Pre-IPO
Investments |
• |
• |
• |
• |
Private
Investments in Public Equity (“PIPEs”) |
• |
• |
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
• |
• |
• |
• |
Stock |
✓ |
✓ |
✓ |
✓ |
Technology
Sector |
|
|
|
✓ |
U.S.
Government Securities |
• |
• |
• |
• |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
Mid
Cap Growth
Small
Cap Growth
Small/Mid
Cap Growth
Technology
Opportunities |
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund |
Contractual
Management
Fee
Annual
Rate |
Average
Daily
Net
Assets |
Actual
Rate
For
the Fiscal
Year
Ended
August
31, 2022* |
Mid
Cap Growth |
0.92% |
First $2
Billion |
0.86% |
|
0.83% |
Next $3
Billion |
|
|
0.79% |
Next $3
Billion |
|
|
0.77% |
Over $8
Billion |
|
Small
Cap Growth |
0.85% |
First $2
Billion |
0.85% |
|
0.77% |
Next $3
Billion |
|
|
0.73% |
Next $3
Billion |
|
|
0.71% |
Over $8
Billion |
|
Small/Mid
Cap Growth |
0.85% |
First $2
Billion |
0.83% |
|
0.77% |
Next $3
Billion |
|
|
0.73% |
Next $3
Billion |
|
|
0.71% |
Over $8
Billion |
|
Technology
Opportunities |
0.94% |
First $1
Billion |
0.92% |
|
0.85% |
Next $1
Billion |
|
|
0.80% |
Next $3
Billion |
|
|
0.79% |
Next $3
Billion |
|
|
0.77% |
Over $8
Billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible |
Five
Year Employment History |
Steven
M. Barry
Managing
Director
Co-Chief
Investment Officer,
Fundamental
Equity U.S. Equity |
Portfolio
Manager—
Mid
Cap Growth,
Small/Mid
Cap Growth
Technology
Opportunities |
Since
1999
1999 |
Mr.
Barry joined the Investment Adviser as a portfolio manager in
1999.
He is Managing Director and Co-Chief Investment Officer of
Fundamental
Equity U.S. Equity. Mr. Barry became Chief Investment
Officer
of Fundamental Equity U.S. Equity in 2009. |
Sung
Cho, CFA
Managing
Director |
Portfolio
Manager—
Technology
Opportunities |
Since
2018 |
Mr.
Cho joined the Investment Adviser in 2004. He is a portfolio
manager
on the Fundamental Equity U.S. Equity Team, where he has
broad
research responsibilities. |
Charles
“Brook” Dane, CFA
Vice
President |
Portfolio
Manager—
Technology
Opportunities |
Since
2018 |
Mr.
Dane joined the Investment Adviser in 2010 as a portfolio
manager
for the Fundamental Equity U.S. Equity Team. |
Jenny
Chang
Vice
President |
Portfolio
Manager—
Mid
Cap Growth |
Since
2019 |
Ms.
Chang is a portfolio manager on the Fundamental Equity Team
focused
on the Mid Cap Growth strategy. She joined GSAM in
2016.
Prior to joining the Investment Adviser, she was an
investment
analyst at Franklin Templeton for five years. |
Jessica
Katz
Vice
President |
Portfolio
Manager—
Small/Mid
Cap Growth
Small
Cap Growth |
Since
2019
2019 |
Ms.
Katz is a Portfolio Manager for the Fundamental Equity U.S.
Equity
Team. She has primary research responsibilities for the
Energy
and Industrials sectors across the U.S. Equity Strategies. Prior
to
joining the Investment Adviser, she spent over seven years as a
Research
Analyst at Eaton Vance Management. |
Gregory
Tuorto
Managing
Director |
Portfolio
Manager—
Small/Mid
Cap Growth
Small
Cap Growth |
Since
2019
2019 |
Mr.
Tuorto is a portfolio manager on the Fundamental Equity Team
focused
on the Small/Mid Cap Growth strategy. He joined the
Investment
Adviser in 2019. Prior to joining the Investment Adviser,
Mr.
Tuorto had worked at JPMorgan Asset Management since
2008. |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
How
To Buy Shares |
|
Initial |
Additional* |
Regular
Accounts |
$1,000 |
$50 |
Employee
Benefit Plans |
No
Minimum |
No
Minimum |
Uniform
Gift/Transfer to Minors Accounts (UGMA/UTMA) |
$250 |
$50 |
Individual
Retirement Accounts and Coverdell ESAs |
$250 |
$50 |
Automatic
Investment Plan Accounts |
$250 |
$50 |
NAV
= |
(Value
of Assets of the Class)
–
(Liabilities of the Class) |
|
Number
of Outstanding Shares of the
Class |
Common
Questions Applicable to the Purchase of
Class
A Shares |
Amount
of Purchase
(including
sales charge, if any) |
Sales
Charge as
Percentage
of
Offering
Price |
Sales
Charge
as
Percentage
of
Net Amount
Invested |
Maximum
Dealer
Allowance
as
Percentage
of
Offering
Price* |
Less
than $50,000 |
5.50% |
5.82% |
5.00% |
$50,000
up to (but less than) $100,000 |
4.75 |
4.99 |
4.00 |
$100,000
up to (but less than) $250,000 |
3.75 |
3.90 |
3.00 |
$250,000
up to (but less than) $500,000 |
2.75 |
2.83 |
2.25 |
$500,000
up to (but less than) $1 million |
2.00 |
2.04 |
1.75 |
$1
million or more |
0.00** |
0.00** |
***,
**** |
Common
Questions Applicable to the Purchase Of Class C
Shares |
Common
Questions Applicable to the Purchase Of
Class
A and C Shares |
How
To Sell Shares |
Shareholder
Services |
Distribution
and Service Fees |
Class
C Personal And Account Maintenance
Services
And Fees |
Service
Shares Service Plan And Shareholder
Administration
Plan |
Restrictions
on Excessive Trading
Practices |
DISTRIBUTIONS |
SALES
AND EXCHANGES |
OTHER
INFORMATION |
A. General
Portfolio Risks |
B.
Other Portfolio Risks |
C.
Portfolio Securities and
Techniques |
|
Goldman
Sachs Mid Cap Growth Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
| |||||
Net
asset value, beginning of year |
$18.20 |
$17.14 |
$18.14 |
$23.42 |
$23.97 |
Net
investment loss(a) |
(0.10) |
(0.15) |
(0.10) |
(0.09) |
(0.14) |
Net
realized and unrealized gain (loss) |
(3.93) |
5.26 |
4.13 |
0.69 |
4.20 |
Total
from investment operations |
(4.03) |
5.11 |
4.03 |
0.60 |
4.06 |
Distributions
to shareholders from net realized gains |
(3.14) |
(4.05) |
(5.03) |
(5.88) |
(4.61) |
Net
asset value, end of year |
$11.03 |
$18.20 |
$17.14 |
$18.14 |
$23.42 |
Total
Return(b) |
(25.93)% |
33.85% |
28.84% |
8.00% |
19.37% |
Net
assets, end of year (in 000’s) |
$262,404 |
$404,921 |
$347,644 |
$331,433 |
$421,605 |
Ratio
of net expenses to average net assets |
1.24% |
1.24% |
1.25% |
1.27% |
1.30% |
Ratio
of total expenses to average net assets |
1.37% |
1.37% |
1.41% |
1.39% |
1.40% |
Ratio
of net investment loss to average net assets |
(0.73)% |
(0.87)% |
(0.64)% |
(0.51)% |
(0.60)% |
Portfolio
turnover rate(c) |
50% |
57% |
65% |
69% |
60% |
|
Goldman
Sachs Mid Cap Growth Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data* | |||||
Net
asset value, beginning of year |
$102.96 |
$162.72 |
$243.84 |
$386.64 |
$430.80 |
Net
investment loss(a) |
(0.48) |
(1.68) |
(2.16) |
(3.12) |
(5.28) |
Net
realized and unrealized gain (loss) |
(9.97) |
39.12 |
41.76 |
1.44 |
71.76 |
Total
from investment operations |
(10.45) |
37.44 |
39.60 |
(1.68) |
66.48 |
Distributions
to shareholders from net realized gains |
(75.36) |
(97.20) |
(120.72) |
(141.12) |
(110.64) |
Net
asset value, end of year |
$17.15 |
$102.96 |
$162.72 |
$243.84 |
$386.64 |
Total
Return(b) |
(26.40)% |
32.89% |
27.86% |
7.24% |
18.52% |
Net
assets, end of year (in 000’s) |
$13,261 |
$23,337 |
$28,894 |
$40,072 |
$77,990 |
Ratio
of net expenses to average net assets |
1.99% |
1.99% |
2.00% |
2.02% |
2.05% |
Ratio
of total expenses to average net assets |
2.12% |
2.12% |
2.16% |
2.14% |
2.15% |
Ratio
of net investment loss to average net assets |
(1.48)% |
(1.62)% |
(1.38)% |
(1.25)% |
(1.35)% |
Portfolio
turnover rate(c) |
50% |
57% |
65% |
69% |
60% |
|
Goldman
Sachs Mid Cap Growth Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$26.68 |
$23.41 |
$22.93 |
$27.78 |
$27.54 |
Net
investment loss(a) |
(0.08) |
(0.13) |
(0.06) |
(0.04) |
(0.07) |
Net
realized and unrealized gain (loss) |
(6.09) |
7.45 |
5.57 |
1.07 |
4.92 |
Total
from investment operations |
(6.17) |
7.32 |
5.51 |
1.03 |
4.85 |
Distributions
to shareholders from net realized gains |
(3.14) |
(4.05) |
(5.03) |
(5.88) |
(4.61) |
Net
asset value, end of year |
$17.37 |
$26.68 |
$23.41 |
$22.93 |
$27.78 |
Total
Return(b) |
(25.69)% |
34.27% |
29.33% |
8.34% |
19.78% |
Net
assets, end of year (in 000’s) |
$313,137 |
$478,127 |
$442,693 |
$491,659 |
$1,178,239 |
Ratio
of net expenses to average net assets |
0.90% |
0.90% |
0.91% |
0.93% |
0.96% |
Ratio
of total expenses to average net assets |
1.00% |
1.00% |
1.03% |
1.00% |
1.01% |
Ratio
of net investment loss to average net assets |
(0.39)% |
(0.53)% |
(0.29)% |
(0.17)% |
(0.26)% |
Portfolio
turnover rate(c) |
50% |
57% |
65% |
69% |
60% |
|
Goldman
Sachs Mid Cap Growth Fund | ||||
|
Service
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$15.97 |
$15.50 |
$16.89 |
$22.29 |
$23.05 |
Net
investment loss(a) |
(0.10) |
(0.16) |
(0.11) |
(0.11) |
(0.17) |
Net
realized and unrealized gain (loss) |
(3.37) |
4.68 |
3.75 |
0.59 |
4.02 |
Total
from investment operations |
(3.47) |
4.52 |
3.64 |
0.48 |
3.85 |
Distributions
to shareholders from net realized gains |
(3.14) |
(4.05) |
(5.03) |
(5.88) |
(4.61) |
Net
asset value, end of year |
$9.36 |
$15.97 |
$15.50 |
$16.89 |
$22.29 |
Total
Return(b) |
(26.06)% |
33.59% |
28.64% |
7.82% |
19.21% |
Net
assets, end of year (in 000’s) |
$21,107 |
$33,114 |
$27,723 |
$27,094 |
$34,211 |
Ratio
of net expenses to average net assets |
1.40% |
1.40% |
1.41% |
1.43% |
1.46% |
Ratio
of total expenses to average net assets |
1.50% |
1.50% |
1.53% |
1.51% |
1.51% |
Ratio
of net investment loss to average net assets |
(0.90)% |
(1.03)% |
(0.79)% |
(0.67)% |
(0.76)% |
Portfolio
turnover rate(c) |
50% |
57% |
65% |
69% |
60% |
|
Goldman
Sachs Mid Cap Growth Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$20.61 |
$18.90 |
$19.47 |
$24.59 |
$24.90 |
Net
investment loss(a) |
(0.07) |
(0.12) |
(0.07) |
(0.05) |
(0.08) |
Net
realized and unrealized gain (loss) |
(4.56) |
5.88 |
4.53 |
0.81 |
4.38 |
Total
from investment operations |
(4.63) |
5.76 |
4.46 |
0.76 |
4.30 |
Distributions
to shareholders from net realized gains |
(3.14) |
(4.05) |
(5.03) |
(5.88) |
(4.61) |
Net
asset value, end of year |
$12.84 |
$20.61 |
$18.90 |
$19.47 |
$24.59 |
Total
Return(b) |
(25.79)% |
34.19% |
29.15% |
8.33% |
19.64% |
Net
assets, end of year (in 000’s) |
$70,759 |
$105,878 |
$81,928 |
$77,012 |
$93,889 |
Ratio
of net expenses to average net assets |
0.99% |
0.99% |
1.00% |
1.01% |
1.05% |
Ratio
of total expenses to average net assets |
1.12% |
1.12% |
1.16% |
1.15% |
1.15% |
Ratio
of net investment loss to average net assets |
(0.48)% |
(0.62)% |
(0.39)% |
(0.25)% |
(0.35)% |
Portfolio
turnover rate(c) |
50% |
57% |
65% |
69% |
60% |
|
Goldman
Sachs Mid Cap Growth Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$26.72 |
$23.44 |
$22.95 |
$27.80 |
$27.55 |
Net
investment loss(a) |
(0.08) |
(0.13) |
(0.06) |
(0.04) |
(0.07) |
Net
realized and unrealized gain (loss) |
(6.10) |
7.46 |
5.58 |
1.07 |
4.93 |
Total
from investment operations |
(6.18) |
7.33 |
5.52 |
1.03 |
4.86 |
Distributions
to shareholders from net realized gains |
(3.14) |
(4.05) |
(5.03) |
(5.88) |
(4.61) |
Net
asset value, end of year |
$17.40 |
$26.72 |
$23.44 |
$22.95 |
$27.80 |
Total
Return(b) |
(25.69)% |
34.27% |
29.35% |
8.35% |
19.80% |
Net
assets, end of year (in 000’s) |
$199,472 |
$283,233 |
$211,480 |
$181,988 |
$231,077 |
Ratio
of net expenses to average net assets |
0.89% |
0.89% |
0.90% |
0.92% |
0.95% |
Ratio
of total expenses to average net assets |
0.99% |
0.99% |
1.02% |
1.00% |
0.99% |
Ratio
of net investment loss to average net assets |
(0.38)% |
(0.53)% |
(0.28)% |
(0.16)% |
(0.25)% |
Portfolio
turnover rate(c) |
50% |
57% |
65% |
69% |
60% |
|
Goldman
Sachs Mid Cap Growth Fund | ||||
|
Class
R Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$15.99 |
$15.53 |
$16.92 |
$22.33 |
$23.11 |
Net
investment loss(a) |
(0.11) |
(0.17) |
(0.12) |
(0.13) |
(0.19) |
Net
realized and unrealized gain (loss) |
(3.37) |
4.68 |
3.76 |
0.60 |
4.02 |
Total
from investment operations |
(3.48) |
4.51 |
3.64 |
0.47 |
3.83 |
Distributions
to shareholders from net realized gains |
(3.14) |
(4.05) |
(5.03) |
(5.88) |
(4.61) |
Net
asset value, end of year |
$9.37 |
$15.99 |
$15.53 |
$16.92 |
$22.33 |
Total
Return(b) |
(26.10)% |
33.44% |
28.58% |
7.75% |
19.06% |
Net
assets, end of year (in 000’s) |
$33,397 |
$54,987 |
$48,780 |
$45,005 |
$54,359 |
Ratio
of net expenses to average net assets |
1.49% |
1.49% |
1.50% |
1.51% |
1.55% |
Ratio
of total expenses to average net assets |
1.62% |
1.62% |
1.66% |
1.64% |
1.65% |
Ratio
of net investment loss to average net assets |
(0.98)% |
(1.12)% |
(0.89)% |
(0.76)% |
(0.85)% |
Portfolio
turnover rate(c) |
50% |
57% |
65% |
69% |
60% |
|
Goldman
Sachs Small Cap Growth Fund | ||
|
Class
A Shares | ||
|
Year
Ended August 31, |
Period
Ended
August
31, 2020(a)
| |
|
2022 |
2021 | |
Per
Share Data | |||
Net
asset value, beginning of period |
$16.89 |
$12.81 |
$10.00 |
Net
investment loss(b) |
(0.10)(c) |
(0.16)(d) |
(0.09) |
Net
realized and unrealized gain (loss) |
(4.04) |
5.36 |
2.92 |
Total
from investment operations |
(4.14) |
5.20 |
2.83 |
Distributions
to shareholders from net investment income |
— |
(0.02) |
(0.02) |
Distributions
to shareholders from net realized gains |
(1.59) |
(1.10) |
— |
Total
distributions |
(1.59) |
(1.12) |
(0.02) |
Net
asset value, end of period |
$11.16 |
$16.89 |
$12.81 |
Total
Return(e) |
(26.55)% |
41.87% |
28.30% |
Net
assets, end of period (in 000’s) |
$451 |
$669 |
$175 |
Ratio
of net expenses to average net assets |
1.28% |
1.28% |
1.30%(f) |
Ratio
of total expenses to average net assets |
2.16% |
3.50% |
8.30%(f) |
Ratio
of net investment loss to average net assets |
(0.74)%(c) |
(1.01)% |
(0.94)%(f) |
Portfolio
turnover rate(g) |
81% |
101% |
70% |
|
Goldman
Sachs Small Cap Growth Fund | ||
|
Class
C Shares | ||
|
Year
Ended August 31, |
Period
Ended
August
31, 2020(a)
| |
|
2022 |
2021 | |
Per
Share Data | |||
Net
asset value, beginning of period |
$16.69 |
$12.74 |
$10.00 |
Net
investment loss(b) |
(0.20)(c) |
(0.27)(d) |
(0.15) |
Net
realized and unrealized gain (loss) |
(3.97) |
5.32 |
2.89 |
Total
from investment operations |
(4.17) |
5.05 |
2.74 |
Distributions
to shareholders from net investment income |
— |
— |
—(e) |
Distributions
to shareholders from net realized gains |
(1.59) |
(1.10) |
— |
Total
distributions |
(1.59) |
(1.10) |
—(e) |
Net
asset value, end of period |
$10.93 |
$16.69 |
$12.74 |
Total
Return(f) |
(27.08)% |
40.86% |
27.44% |
Net
assets, end of period (in 000’s) |
$72 |
$119 |
$91 |
Ratio
of net expenses to average net assets |
2.03% |
2.03% |
2.06%(g) |
Ratio
of total expenses to average net assets |
2.92% |
4.09% |
9.80%(g) |
Ratio
of net investment loss to average net assets |
(1.48)%(c) |
(1.78)% |
(1.70)%(g) |
Portfolio
turnover rate(h) |
81% |
101% |
70% |
|
Goldman
Sachs Small Cap Growth Fund | ||
|
Institutional
Shares | ||
|
Year
Ended August 31, |
Period
Ended
August
31, 2020(a)
| |
|
2022 |
2021 | |
Per
Share Data | |||
Net
asset value, beginning of period |
$16.98 |
$12.84 |
$10.00 |
Net
investment loss(b) |
(0.04)(c) |
(0.10)(d) |
(0.05) |
Net
realized and unrealized gain (loss) |
(4.07) |
5.37 |
2.91 |
Total
from investment operations |
(4.11) |
5.27 |
2.86 |
Distributions
to shareholders from net investment income |
— |
(0.03) |
(0.02) |
Distributions
to shareholders from net realized gains |
(1.59) |
(1.10) |
— |
Total
distributions |
(1.59) |
(1.13) |
(0.02) |
Net
asset value, end of period |
$11.28 |
$16.98 |
$12.84 |
Total
Return(e) |
(26.21)% |
42.36% |
28.68% |
Net
assets, end of period (in 000’s) |
$18,661 |
$14,313 |
$10,516 |
Ratio
of net expenses to average net assets |
0.91% |
0.91% |
0.93%(f) |
Ratio
of total expenses to average net assets |
1.75% |
2.93% |
8.24%(f) |
Ratio
of net investment loss to average net assets |
(0.34)%(c) |
(0.66)% |
(0.58)%(f) |
Portfolio
turnover rate(g) |
81% |
101% |
70% |
|
Goldman
Sachs Small Cap Growth Fund | ||
|
Investor
Shares | ||
|
Year
Ended August 31, |
Period
Ended
August
31, 2020(a)
| |
|
2022 |
2021 | |
Per
Share Data | |||
Net
asset value, beginning of period |
$16.96 |
$12.83 |
$10.00 |
Net
investment loss(b) |
(0.06)(c) |
(0.12)(d) |
(0.06) |
Net
realized and unrealized gain (loss) |
(4.07) |
5.37 |
2.91 |
Total
from investment operations |
(4.13) |
5.25 |
2.85 |
Distributions
to shareholders from net investment income |
— |
(0.02) |
(0.02) |
Distributions
to shareholders from net realized gains |
(1.59) |
(1.10) |
— |
Total
distributions |
(1.59) |
(1.12) |
(0.02) |
Net
asset value, end of period |
$11.24 |
$16.96 |
$12.83 |
Total
Return(e) |
(26.37)% |
42.21% |
28.55% |
Net
assets, end of period (in 000’s) |
$67 |
$91 |
$64 |
Ratio
of net expenses to average net assets |
1.03% |
1.03% |
1.06%(f) |
Ratio
of total expenses to average net assets |
1.90% |
3.13% |
9.22%(f) |
Ratio
of net investment loss to average net assets |
(0.48)%(c) |
(0.78)% |
(0.69)%(f) |
Portfolio
turnover rate(g) |
81% |
101% |
70% |
|
Goldman
Sachs Small Cap Growth Fund | ||
|
Class
R6 Shares | ||
|
Year
Ended August 31, |
Period
Ended
August
31, 2020(a)
| |
|
2022 |
2021 | |
Per
Share Data | |||
Net
asset value, beginning of period |
$16.99 |
$12.84 |
$10.00 |
Net
investment loss(b) |
(0.05)(c) |
(0.10)(d) |
(0.05) |
Net
realized and unrealized gain (loss) |
(4.07) |
5.38 |
2.91 |
Total
from investment operations |
(4.12) |
5.28 |
2.86 |
Distributions
to shareholders from net investment income |
— |
(0.03) |
(0.02) |
Distributions
to shareholders from net realized gains |
(1.59) |
(1.10) |
— |
Total
distributions |
(1.59) |
(1.13) |
(0.02) |
Net
asset value, end of period |
$11.28 |
$16.99 |
$12.84 |
Total
Return(e) |
(26.25)% |
42.44% |
28.68% |
Net
assets, end of period (in 000’s) |
$68 |
$92 |
$64 |
Ratio
of net expenses to average net assets |
0.90% |
0.90% |
0.93%(f) |
Ratio
of total expenses to average net assets |
1.77% |
3.00% |
9.08%(f) |
Ratio
of net investment loss to average net assets |
(0.35)%(c) |
(0.65)% |
(0.55)%(f) |
Portfolio
turnover rate(g) |
81% |
101% |
70% |
|
Goldman
Sachs Small Cap Growth Fund | ||
|
Class
R Shares | ||
|
Year
Ended August 31, |
Period
Ended
August
31, 2020(a)
| |
|
2022 |
2021 | |
Per
Share Data | |||
Net
asset value, beginning of period |
$16.84 |
$12.79 |
$10.00 |
Net
investment loss(b) |
(0.13)(c) |
(0.20)(d) |
(0.11) |
Net
realized and unrealized gain (loss) |
(4.03) |
5.35 |
2.91 |
Total
from investment operations |
(4.16) |
5.15 |
2.80 |
Distributions
to shareholders from net investment income |
— |
— |
(0.01) |
Distributions
to shareholders from net realized gains |
(1.59) |
(1.10) |
— |
Total
distributions |
(1.59) |
(1.10) |
(0.01) |
Net
asset value, end of period |
$11.09 |
$16.84 |
$12.79 |
Total
Return(e) |
(26.76)% |
41.51% |
28.05% |
Net
assets, end of period (in 000’s) |
$66 |
$91 |
$64 |
Ratio
of net expenses to average net assets |
1.53% |
1.53% |
1.56%(f) |
Ratio
of total expenses to average net assets |
2.41% |
3.62% |
9.73%(f) |
Ratio
of net investment loss to average net assets |
(0.98)%(c) |
(1.28)% |
(1.19)%(f) |
Portfolio
turnover rate(g) |
81% |
101% |
70% |
|
Goldman
Sachs Small/Mid Cap Growth Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$28.31 |
$23.56 |
$20.53 |
$23.94 |
$21.81 |
Net
investment loss(a) |
(0.17) |
(0.25) |
(0.15) |
(0.12)(b) |
(0.14)(c) |
Net
realized and unrealized gain (loss) |
(7.31) |
8.84 |
6.20 |
0.36 |
5.15 |
Total
from investment operations |
(7.48) |
8.59 |
6.05 |
0.24 |
5.01 |
Distributions
to shareholders from net realized gains |
(3.74) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Distributions
to shareholders from return of capital |
(0.03) |
— |
— |
— |
— |
Total
distributions |
(3.77) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Net
asset value, end of year |
$17.06 |
$28.31 |
$23.56 |
$20.53 |
$23.94 |
Total
Return(d) |
(29.64)% |
39.05% |
33.09% |
4.33% |
25.22% |
Net
assets, end of year (in 000’s) |
$276,714 |
$470,941 |
$309,715 |
$295,072 |
$346,289 |
Ratio
of net expenses to average net assets |
1.22% |
1.21% |
1.27% |
1.26% |
1.28% |
Ratio
of total expenses to average net assets |
1.27% |
1.26% |
1.32% |
1.32% |
1.35% |
Ratio
of net investment loss to average net assets |
(0.79)% |
(0.94)% |
(0.74)% |
(0.59)%(b) |
(0.64)%(c) |
Portfolio
turnover rate(e) |
65% |
60% |
76% |
76% |
59% |
|
Goldman
Sachs Small/Mid Cap Growth Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$21.23 |
$18.59 |
$16.90 |
$20.60 |
$19.27 |
Net
investment loss(a) |
(0.24) |
(0.34) |
(0.25) |
(0.22)(b) |
(0.27)(c) |
Net
realized and unrealized gain (loss) |
(5.24) |
6.82 |
4.96 |
0.17 |
4.48 |
Total
from investment operations |
(5.48) |
6.48 |
4.71 |
(0.05) |
4.21 |
Distributions
to shareholders from net realized gains |
(3.74) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Distributions
to shareholders from return of capital |
(0.03) |
— |
— |
— |
— |
Total
distributions |
(3.77) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Net
asset value, end of year |
$11.98 |
$21.23 |
$18.59 |
$16.90 |
$20.60 |
Total
Return(d) |
(30.18)% |
38.00% |
32.18% |
3.50% |
24.30% |
Net
assets, end of year (in 000’s) |
$76,089 |
$145,721 |
$153,835 |
$166,172 |
$232,881 |
Ratio
of net expenses to average net assets |
1.97% |
1.96% |
2.02% |
2.01% |
2.03% |
Ratio
of total expenses to average net assets |
2.02% |
2.01% |
2.08% |
2.07% |
2.10% |
Ratio
of net investment loss to average net assets |
(1.54)% |
(1.69)% |
(1.55)% |
(1.35)%(b) |
(1.38)%(c) |
Portfolio
turnover rate(e) |
65% |
60% |
76% |
76% |
59% |
|
Goldman
Sachs Small/Mid Cap Growth Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$31.94 |
$26.09 |
$22.36 |
$25.63 |
$23.08 |
Net
investment loss(a) |
(0.11) |
(0.18) |
(0.09) |
(0.06)(b) |
(0.07)(c) |
Net
realized and unrealized gain (loss) |
(8.38) |
9.87 |
6.84 |
0.44 |
5.50 |
Total
from investment operations |
(8.49) |
9.69 |
6.75 |
0.38 |
5.43 |
Distributions
to shareholders from net realized gains |
(3.74) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Distributions
to shareholders from return of capital |
(0.03) |
— |
— |
— |
— |
Total
distributions |
(3.77) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Net
asset value, end of year |
$19.68 |
$31.94 |
$26.09 |
$22.36 |
$25.63 |
Total
Return(d) |
(29.42)% |
39.51% |
33.55% |
4.62% |
25.69% |
Net
assets, end of year (in 000’s) |
$824,359 |
$1,303,226 |
$921,412 |
$853,375 |
$1,067,540 |
Ratio
of net expenses to average net assets |
0.90% |
0.89% |
0.94% |
0.93% |
0.92% |
Ratio
of total expenses to average net assets |
0.90% |
0.89% |
0.95% |
0.93% |
0.96% |
Ratio
of net investment loss to average net assets |
(0.47)% |
(0.63)% |
(0.39)% |
(0.26)%(b) |
(0.27)%(c) |
Portfolio
turnover rate(e) |
65% |
60% |
76% |
76% |
59% |
|
Goldman
Sachs Small/Mid Cap Growth Fund | ||||
|
Service
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$26.92 |
$22.60 |
$19.84 |
$23.32 |
$21.33 |
Net
investment loss(a) |
(0.27) |
(0.27) |
(0.18) |
(0.15)(b) |
(0.17)(c) |
Net
realized and unrealized gain (loss) |
(6.83) |
8.43 |
5.96 |
0.32 |
5.04 |
Total
from investment operations |
(7.10) |
8.16 |
5.78 |
0.17 |
4.87 |
Distributions
to shareholders from net realized gains |
(3.74) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Distributions
to shareholders from return of capital |
(0.03) |
— |
— |
— |
— |
Total
distributions |
(3.77) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Net
asset value, end of year |
$16.05 |
$26.92 |
$22.60 |
$19.84 |
$23.32 |
Total
Return(d) |
(29.78)% |
38.78% |
32.87% |
4.13% |
25.12% |
Net
assets, end of year (in 000’s) |
$1,267 |
$22,781 |
$32,215 |
$18,395 |
$18,210 |
Ratio
of net expenses to average net assets |
1.39% |
1.39% |
1.44% |
1.43% |
1.42% |
Ratio
of total expenses to average net assets |
1.39% |
1.40% |
1.45% |
1.44% |
1.46% |
Ratio
of net investment loss to average net assets |
(1.10)% |
(1.12)% |
(0.92)% |
(0.75)%(b) |
(0.77)%(c) |
Portfolio
turnover rate(e) |
65% |
60% |
76% |
76% |
59% |
|
Goldman
Sachs Small/Mid Cap Growth Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$30.33 |
$24.96 |
$21.53 |
$24.85 |
$22.48 |
Net
investment loss(a) |
(0.13) |
(0.19) |
(0.10) |
(0.07)(b) |
(0.09)(c) |
Net
realized and unrealized gain (loss) |
(7.90) |
9.40 |
6.55 |
0.40 |
5.34 |
Total
from investment operations |
(8.03) |
9.21 |
6.45 |
0.33 |
5.25 |
Distributions
to shareholders from net realized gains |
(3.74) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Distributions
to shareholders from return of capital |
(0.03) |
— |
— |
— |
— |
Total
distributions |
(3.77) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Net
asset value, end of year |
$18.53 |
$30.33 |
$24.96 |
$21.53 |
$24.85 |
Total
Return(d) |
(29.47)% |
39.37% |
33.44% |
4.57% |
25.57% |
Net
assets, end of year (in 000’s) |
$428,149 |
$815,104 |
$495,629 |
$409,019 |
$529,670 |
Ratio
of net expenses to average net assets |
0.97% |
0.96% |
1.02% |
1.01% |
1.03% |
Ratio
of total expenses to average net assets |
1.02% |
1.01% |
1.07% |
1.07% |
1.10% |
Ratio
of net investment loss to average net assets |
(0.55)% |
(0.69)% |
(0.47)% |
(0.34)%(b) |
(0.38)%(c) |
Portfolio
turnover rate(e) |
65% |
60% |
76% |
76% |
59% |
|
Goldman
Sachs Small/Mid Cap Growth Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$31.98 |
$26.12 |
$22.38 |
$25.64 |
$23.09 |
Net
investment loss(a) |
(0.10) |
(0.18) |
(0.08) |
(0.05)(b) |
(0.06)(c) |
Net
realized and unrealized gain (loss) |
(8.40) |
9.88 |
6.84 |
0.44 |
5.49 |
Total
from investment operations |
(8.50) |
9.70 |
6.76 |
0.39 |
5.43 |
Distributions
to shareholders from net realized gains |
(3.74) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Distributions
to shareholders from return of capital |
(0.03) |
— |
— |
— |
— |
Total
distributions |
(3.77) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Total
Return(d) |
(29.41)% |
39.51% |
33.56% |
4.67% |
25.68% |
Net
assets, end of year (in 000’s) |
$156,599 |
$139,453 |
$73,863 |
$54,916 |
$39,263 |
Ratio
of net expenses to average net assets |
0.89% |
0.88% |
0.93% |
0.92% |
0.91% |
Ratio
of total expenses to average net assets |
0.89% |
0.88% |
0.94% |
0.93% |
0.95% |
Ratio
of net investment loss to average net assets |
(0.43)% |
(0.61)% |
(0.38)% |
(0.23)%(b) |
(0.25)%(c) |
Portfolio
turnover rate(e) |
65% |
60% |
76% |
76% |
59% |
|
Goldman
Sachs Small/Mid Cap Growth Fund | ||||
|
Class
R Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$26.41 |
$22.24 |
$19.58 |
$23.08 |
$21.17 |
Net
investment loss(a) |
(0.20) |
(0.29) |
(0.19) |
(0.16)(b) |
(0.19)(c) |
Net
realized and unrealized gain (loss) |
(6.76) |
8.30 |
5.87 |
0.31 |
4.98 |
Total
from investment operations |
(6.96) |
8.01 |
5.68 |
0.15 |
4.79 |
Distributions
to shareholders from net realized gains |
(3.74) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Distributions
to shareholders from return of capital |
(0.03) |
— |
— |
— |
— |
Total
distributions |
(3.77) |
(3.84) |
(3.02) |
(3.65) |
(2.88) |
Total
Return(d) |
(29.82)% |
38.72% |
32.78% |
4.07% |
24.92% |
Net
assets, end of year (in 000’s) |
$9,301 |
$14,818 |
$13,209 |
$15,856 |
$24,215 |
Ratio
of net expenses to average net assets |
1.47% |
1.46% |
1.52% |
1.51% |
1.53% |
Ratio
of total expenses to average net assets |
1.52% |
1.51% |
1.57% |
1.57% |
1.61% |
Ratio
of net investment loss to average net assets |
(1.04)% |
(1.20)% |
(1.00)% |
(0.85)%(b) |
(0.90)%(c) |
Portfolio
turnover rate(e) |
65% |
60% |
76% |
76% |
59% |
|
Goldman
Sachs Technology Opportunities Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$35.07 |
$29.76 |
$23.17 |
$27.91 |
$23.04 |
Net
investment loss(a) |
(0.18) |
(0.22) |
(0.13) |
(0.12) |
(0.16) |
Net
realized and unrealized gain (loss) |
(8.75) |
8.18 |
10.43 |
0.44 |
6.79 |
Total
from investment operations |
(8.93) |
7.96 |
10.30 |
0.32 |
6.63 |
Distributions
to shareholders from net realized gains |
(5.30) |
(2.65) |
(3.71) |
(5.06) |
(1.76) |
Net
asset value, end of year |
$20.84 |
$35.07 |
$29.76 |
$23.17 |
$27.91 |
Total
Return(b) |
(29.60)% |
29.05% |
51.05% |
4.73% |
30.46% |
Net
assets, end of year (in 000’s) |
$324,628 |
$503,553 |
$429,267 |
$305,666 |
$312,289 |
Ratio
of net expenses to average net assets |
1.25% |
1.26% |
1.28% |
1.34% |
1.38% |
Ratio
of total expenses to average net assets |
1.41% |
1.41% |
1.46% |
1.48% |
1.48% |
Ratio
of net investment loss to average net assets |
(0.67)% |
(0.72)% |
(0.55)% |
(0.53)% |
(0.65)% |
Portfolio
turnover rate(c) |
51% |
41% |
41% |
27% |
46% |
|
Goldman
Sachs Technology Opportunities Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$24.46 |
$21.68 |
$17.94 |
$23.05 |
$19.45 |
Net
investment loss(a) |
(0.25) |
(0.31) |
(0.23) |
(0.24) |
(0.29) |
Net
realized and unrealized gain (loss) |
(5.65) |
5.74 |
7.68 |
0.19 |
5.65 |
Total
from investment operations |
(5.90) |
5.43 |
7.45 |
(0.05) |
5.36 |
Distributions
to shareholders from net realized gains |
(5.30) |
(2.65) |
(3.71) |
(5.06) |
(1.76) |
Net
asset value, end of year |
$13.26 |
$24.46 |
$21.68 |
$17.94 |
$23.05 |
Total
Return(b) |
(30.13)% |
28.13% |
49.93% |
3.97% |
29.49% |
Net
assets, end of year (in 000’s) |
$16,950 |
$27,866 |
$30,011 |
$24,948 |
$57,207 |
Ratio
of net expenses to average net assets |
2.00% |
2.01% |
2.03% |
2.10% |
2.13% |
Ratio
of total expenses to average net assets |
2.16% |
2.16% |
2.21% |
2.23% |
2.23% |
Ratio
of net investment loss to average net assets |
(1.43)% |
(1.47)% |
(1.31)% |
(1.31)% |
(1.40)% |
Portfolio
turnover rate(c) |
51% |
41% |
41% |
27% |
46% |
|
Goldman
Sachs Technology Opportunities Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$41.40 |
$34.57 |
$26.28 |
$30.78 |
$25.15 |
Net
investment loss(a) |
(0.13) |
(0.16) |
(0.07) |
(0.04) |
(0.07) |
Net
realized and unrealized gain (loss) |
(10.59) |
9.64 |
12.07 |
0.60 |
7.46 |
Total
from investment operations |
(10.72) |
9.48 |
12.00 |
0.56 |
7.39 |
Distributions
to shareholders from net realized gains |
(5.30) |
(2.65) |
(3.71) |
(5.06) |
(1.76) |
Net
asset value, end of year |
$25.38 |
$41.40 |
$34.57 |
$26.28 |
$30.78 |
Total
Return(b) |
(29.38)% |
29.42% |
51.49% |
5.12% |
30.95% |
Net
assets, end of year (in 000’s) |
$97,095 |
$190,705 |
$157,267 |
$74,728 |
$87,522 |
Ratio
of net expenses to average net assets |
0.97% |
0.98% |
0.99% |
0.98% |
0.99% |
Ratio
of total expenses to average net assets |
1.04% |
1.04% |
1.08% |
1.09% |
1.09% |
Ratio
of net investment loss to average net assets |
(0.40)% |
(0.44)% |
(0.27)% |
(0.17)% |
(0.26)% |
Portfolio
turnover rate(c) |
51% |
41% |
41% |
27% |
46% |
|
Goldman
Sachs Technology Opportunities Fund | ||||
|
Service
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$33.72 |
$28.77 |
$22.56 |
$27.35 |
$22.64 |
Net
investment loss(a) |
(0.25) |
(0.27) |
(0.17) |
(0.15) |
(0.18) |
Net
realized and unrealized gain (loss) |
(8.33) |
7.87 |
10.09 |
0.42 |
6.65 |
Total
from investment operations |
(8.58) |
7.60 |
9.92 |
0.27 |
6.47 |
Distributions
to shareholders from net realized gains |
(5.30) |
(2.65) |
(3.71) |
(5.06) |
(1.76) |
Net
asset value, end of year |
$19.84 |
$33.72 |
$28.77 |
$22.56 |
$27.35 |
Total
Return(b) |
(29.76)% |
28.78% |
50.71% |
4.62% |
30.28% |
Net
assets, end of year (in 000’s) |
$8,259 |
$38,670 |
$41,024 |
$29,084 |
$33,109 |
Ratio
of net expenses to average net assets |
1.47% |
1.48% |
1.49% |
1.48% |
1.49% |
Ratio
of total expenses to average net assets |
1.54% |
1.54% |
1.58% |
1.59% |
1.59% |
Ratio
of net investment loss to average net assets |
(0.93)% |
(0.94)% |
(0.77)% |
(0.67)% |
(0.75)% |
Portfolio
turnover rate(c) |
51% |
41% |
41% |
27% |
46% |
|
Goldman
Sachs Technology Opportunities Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended August 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$40.39 |
$33.79 |
$25.78 |
$30.33 |
$24.84 |
Net
investment loss(a) |
(0.13) |
(0.16) |
(0.08) |
(0.07) |
(0.11) |
Net
realized and unrealized gain (loss) |
(10.31) |
9.41 |
11.80 |
0.58 |
7.36 |
Total
from investment operations |
(10.44) |
9.25 |
11.72 |
0.51 |
7.25 |
Distributions
to shareholders from net realized gains |
(5.30) |
(2.65) |
(3.71) |
(5.06) |
(1.76) |
Net
asset value, end of year |
$24.65 |
$40.39 |
$33.79 |
$25.78 |
$30.33 |
Total
Return(b) |
(29.42)% |
29.42% |
51.40% |
5.01% |
30.76% |
Net
assets, end of year (in 000’s) |
$26,044 |
$41,403 |
$48,387 |
$19,207 |
$22,520 |
Ratio
of net expenses to average net assets |
1.00% |
1.01% |
1.02% |
1.09% |
1.13% |
Ratio
of total expenses to average net assets |
1.16% |
1.16% |
1.21% |
1.23% |
1.23% |
Ratio
of net investment loss to average net assets |
(0.42)% |
(0.47)% |
(0.31)% |
(0.29)% |
(0.40)% |
Portfolio
turnover rate(c) |
51% |
41% |
41% |
27% |
46% |
|
Goldman
Sachs Technology Opportunities Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended August 31, |
Period
Ended
August
31, 2018(a)
| |||
|
2022 |
2021 |
2020 |
2019 | |
Per
Share Data | |||||
Net
asset value, beginning of period |
$41.43 |
$34.59 |
$26.29 |
$30.78 |
$25.08 |
Net
investment loss(b) |
(0.06) |
(0.15) |
(0.08) |
(0.02) |
(0.04) |
Net
realized and unrealized gain (loss) |
(10.67) |
9.64 |
12.09 |
0.59 |
5.74 |
Total
from investment operations |
(10.73) |
9.49 |
12.01 |
0.57 |
5.70 |
Distributions
to shareholders from net realized gains |
(5.30) |
(2.65) |
(3.71) |
(5.06) |
— |
Net
asset value, end of period |
$25.40 |
$41.43 |
$34.59 |
$26.29 |
$30.78 |
Total
Return(c) |
(29.38)% |
29.44% |
51.51% |
5.15% |
22.73% |
Net
assets, end of period (in 000’s) |
$50,264 |
$3,134 |
$1,330 |
$138 |
$12 |
Ratio
of net expenses to average net assets |
0.94% |
0.97% |
0.97% |
0.97% |
0.98%(d) |
Ratio
of total expenses to average net assets |
1.04% |
1.03% |
1.06% |
1.09% |
1.08%(d) |
Ratio
of net investment loss to average net assets |
(0.23)% |
(0.43)% |
(0.28)% |
(0.07)% |
(0.20)%(d) |
Portfolio
turnover rate(e) |
51% |
41% |
41% |
27% |
46% |
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 & Class R6 |
Class
A, C, Investor & R |
◼ By
telephone: |
1-800-621-2550 |
1-800-526-7384 |
◼ By
mail: |
Goldman
Sachs Funds
P.O.
Box 806395
Chicago,
IL 60680-4125 |
Goldman
Sachs Funds
P.O.
Box 219711
Kansas
City, MO 64121 |
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|