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
Expenses2
|
|
|
|
|
|
|
|
Service
Fees |
|
|
|
|
|
|
|
Shareholder
Administration Fees |
|
|
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
|
|
Fee
Waiver and Expense Limitation3
|
( |
( |
( |
( |
( |
( |
( |
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 |
|
|
|
|
Wilshire
U.S. Real Estate Securities 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
Expenses2
|
|
|
|
|
|
Service
Fees |
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
Fee
Waiver and Expense Limitation3
|
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After 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 |
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
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
FTSE
EPRA Nareit Developed Index (Net, USD, Unhedged; reflects no deduction for
fees or expenses) |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
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 |
|
|
|
|
|
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 |
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
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Dow
Jones Brookfield Global Infrastructure Index (Net, USD, Unhedged; reflects
no deduction for fees
or
expenses) |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
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 strategies of
the Fund
— Not
permitted |
Real
Estate
Securities
Fund |
Global
Real
Estate
Securities
Fund |
Global
Infrastructure
Fund |
Investment
Practices |
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Credit,
Currency, Equity, Index, Interest Rate, Total Return and Mortgage Swaps
and Options on Swaps |
• |
• |
• |
Cross
Hedging of Currencies
|
• |
• |
• |
Custodial
Receipts and Trust Certificates
|
• |
• |
• |
Foreign
Currency Transactions (including forward contracts)* |
• |
• |
• |
Futures
Contracts and Options and Swaps on Futures Contracts
|
• |
• |
• |
Illiquid
Investments** |
15 |
15 |
15 |
Initial
Public Offerings (“IPO”) |
• |
• |
• |
Interest
Rate Caps, Floors and Collars |
• |
• |
• |
Investment
Company Securities (including ETFs)*** |
10 |
10 |
10 |
Mortgage
Dollar Rolls |
• |
• |
• |
Options
on Foreign Currencies1
|
• |
• |
• |
Options2
|
• |
• |
• |
Preferred
Stock
|
• |
• |
• |
Repurchase
Agreements
|
• |
• |
• |
Securities
Lending
|
33 1∕3 |
33 1∕3 |
— |
Unseasoned
Companies
|
• |
• |
• |
Warrants
and Stock Purchase Rights |
• |
• |
• |
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 |
Real
Estate
Securities
Fund |
Global
Real
Estate
Securities
Fund |
Global
Infrastructure
Fund |
Investment
Securities |
|
|
|
American,
European and Global Depositary Receipts
|
• |
• |
• |
Asset-Backed
and Mortgage-Backed Securities1
|
• |
• |
• |
Bank
Obligations1,2
|
• |
• |
• |
Convertible
Securities3
|
• |
• |
• |
Corporate
Debt Obligations1
|
• |
• |
• |
Equity
Investments
|
80+ |
80+ |
• |
Emerging
Country Securities |
— |
• |
• |
Fixed
Income Securities |
20 |
20 |
• |
Foreign
Government Securities1
|
• |
• |
• |
Foreign
Securities |
154
|
40+5
|
• |
Master
Limited Partnerships |
• |
• |
20 |
Non-Investment
Grade Fixed Income Securities6
|
20 |
20 |
• |
Private
Investments in Public Equity (“PIPEs”) |
• |
• |
• |
Real
Estate Investment Trusts
|
• |
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
• |
• |
• |
Stripped
Mortgage-Backed Securities1
|
• |
• |
• |
Structured
Securities (which may include equity-linked notes)7
|
• |
• |
• |
Temporary
Investments
|
• |
• |
• |
U.S.
Government Securities1
|
• |
• |
• |
Yield
Curve Options and Inverse Floating Rate Securities |
• |
• |
• |
✓ Principal
Risk
• Additional
Risk |
Real
Estate
Securities
Fund |
Global
Real
Estate
Securities
Fund |
Global
Infrastructure
Fund |
Credit/Default |
• |
•
|
• |
Cybersecurity |
• |
• |
• |
Derivatives |
• |
• |
• |
Dividend-Paying
Investments |
✓ |
✓ |
✓ |
Emerging
Countries |
|
✓ |
✓ |
ESG
Integration |
• |
• |
• |
Foreign |
• |
✓ |
✓ |
Geographic |
✓ |
✓ |
• |
Industry
Concentration |
✓ |
✓ |
✓ |
Infrastructure
Company |
|
|
✓ |
Interest
Rate |
• |
• |
• |
Investment
Style |
• |
• |
• |
IPO |
• |
• |
• |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
Liquidity |
• |
• |
• |
Management |
• |
• |
• |
Market |
✓ |
✓ |
✓ |
Master
Limited Partnerships |
• |
• |
✓ |
Mid-Cap
and Small-Cap |
• |
• |
✓ |
Mortgage
Backed and Other Asset Backed Securities |
• |
• |
• |
NAV |
• |
• |
• |
Non-Diversification |
✓ |
|
✓ |
Non-Investment
Grade Fixed Income Securities |
• |
• |
• |
Private
Investments in Public Equity (“PIPEs”) |
• |
• |
• |
Real
Estate Industry |
✓ |
✓ |
• |
REIT |
✓ |
✓ |
✓ |
Sovereign
Default |
• |
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
• |
• |
• |
Stock |
• |
• |
✓ |
U.S.
Government Securities |
• |
• |
• |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
Real
Estate Securities
Global
Real Estate Securities
Global
Infrastructure |
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund |
Contractual
Management
Fee
Annual
Rate |
Average
Daily
Net
Assets |
Actual
Rate
For
the Fiscal
Year
Ended
December
31, 2023* |
Real
Estate Securities |
0.87% |
First
$1 Billion |
0.84% |
|
0.78% |
Next
$1 Billion |
|
|
0.74% |
Next
$3 Billion |
|
|
0.73% |
Next
$3 Billion |
|
|
0.71% |
Over
$8 Billion |
|
Global
Real Estate Securities |
0.93% |
First
$1 Billion |
0.93% |
|
0.84% |
Next
$1 Billion |
|
|
0.80% |
Next
$3 billion |
|
|
0.78% |
Next
$3 Billion |
|
|
0.76% |
Over
$8 Billion |
|
Global
Infrastructure |
0.90% |
First
$1 Billion |
0.90% |
|
0.81% |
Next
$1 Billion |
|
|
0.77% |
Next
$3 Billion |
|
|
0.75% |
Next
$3 Billion |
|
|
0.74% |
Over
$8 Billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible
|
Five
Year Employment History |
Timothy
Ryan, CFA
Managing
Director |
Portfolio
Manager—
Real
Estate Securities |
Since
2010 |
Mr.
Ryan joined the Investment Adviser in 2010. |
Frankie
Chun Wah Lee
Vice
President |
Portfolio
Manager—
Global
Real Estate
Securities |
Since
2015 |
Mr.
Lee joined the Investment Adviser as a portfolio manager
in
2010. |
Kristin
Kuney, CFA
Managing
Director |
Portfolio
Manager—
Real
Estate Securities
Global
Real Estate
Securities |
Since
2017
2021 |
Ms.
Kuney joined the Investment Adviser in 2000 and the
Real
Estate Team in 2004.
|
Abhinav
Zutshi, CFA
Vice
President |
Portfolio
Manager—
Real
Estate Securities |
Since
2023 |
Mr.
Zutshi joined the Investment Adviser in April
2009. |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible
|
Five
Year Employment History |
Kristin
Kuney, CFA
Managing
Director |
Portfolio
Manager—
Global
Infrastructure |
Since
2020
|
Ms.
Kuney joined the Investment Adviser in 2000. |
Abhinav
Zutshi, CFA
Vice
President |
Portfolio
Manager— Global
Infrastructure |
Since
2021
|
Mr.
Zutshi joined the Investment Adviser in April
2009. |
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 |
Real
Estate Securities |
Quarterly |
Annually |
Global
Real Estate Securities |
Quarterly |
Annually |
Global
Infrastructure |
Quarterly |
Annually |
How
To Buy Shares |
|
Initial |
Additional* |
Regular
Accounts |
$1,000 |
$50 |
Employee
Benefit Plans |
No
Minimum |
No
Minimum |
Uniform
Gift/Transfer to Minors Accounts (UGMA/UTMA) |
$250 |
$50 |
Individual
Retirement Accounts and Coverdell ESAs |
$250 |
$50 |
Automatic
Investment Plan Accounts |
$250 |
$50 |
NAV
= |
(Value
of Assets of the Class)
–
(Liabilities of the Class) |
|
Number
of Outstanding Shares of the
Class |
Common
Questions Applicable to the Purchase of
Class
A Shares |
Amount
of Purchase
(including
sales charge, if any) |
Sales
Charge as
Percentage
of
Offering
Price |
Sales
Charge
as
Percentage
of
Net Amount
Invested |
Maximum
Dealer
Allowance
as
Percentage
of
Offering
Price* |
Less
than $50,000 |
5.50% |
5.82% |
5.00% |
$50,000
up to (but less than) $100,000 |
4.75 |
4.99 |
4.00 |
$100,000
up to (but less than) $250,000 |
3.75 |
3.90 |
3.00 |
$250,000
up to (but less than) $500,000 |
2.75 |
2.83 |
2.25 |
$500,000
up to (but less than) $1 million |
2.00 |
2.04 |
1.75 |
$1
million or more |
0.00** |
0.00** |
*** |
Common
Questions Applicable to the Purchase Of Class C
Shares |
Common
Questions Applicable to the Purchase Of
Class
A and C Shares |
How
To Sell Shares |
Shareholder
Services |
Distribution
and Service Fees |
Class
C Personal And Account Maintenance
Services
And Fees |
Service
Shares Service Plan And Shareholder
Administration
Plan |
Restrictions
on Excessive Trading
Practices |
DISTRIBUTIONS |
SALES
AND EXCHANGES |
OTHER
INFORMATION |
A. General
Portfolio Risks |
B.
Other Portfolio Risks |
C.
PORTFOLIO SECURITIES AND
TECHNIQUES |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.23 |
$14.90 |
$11.03 |
$13.27 |
$12.61 |
Net
investment income(a)
|
0.21 |
0.13 |
0.07 |
0.12 |
0.22 |
Net
realized and unrealized gain (loss) |
1.45 |
(4.29
) |
4.75 |
(1.22
) |
2.92 |
Total
from investment operations |
1.66 |
(4.16
) |
4.82 |
(1.10
) |
3.14 |
Distributions
to shareholders from net investment income |
(0.16
) |
(0.15
) |
(0.13
) |
(0.14
) |
(0.22
) |
Distributions
to shareholders from net realized gains |
(0.29
) |
(0.36
) |
(0.82
) |
(1.00
) |
(2.26
) |
Total
distributions |
(0.45
) |
(0.51
) |
(0.95
) |
(1.14
) |
(2.48
) |
Net
asset value, end of year |
$11.44 |
$10.23 |
$14.90 |
$11.03 |
$13.27 |
Total
Return(b) |
16.58
% |
(28.07
)% |
44.33
% |
(7.85
)% |
25.49
% |
Net
assets, end of year (in 000’s) |
$14,175 |
$14,224 |
$23,278 |
$19,177 |
$27,488 |
Ratio
of net expenses to average net assets |
1.22
% |
1.26
% |
1.28
% |
1.29
% |
1.30
% |
Ratio
of total expenses to average net assets |
1.55
% |
1.57
% |
1.55
% |
1.62
% |
1.57
% |
Ratio
of net investment income to average net assets |
1.94
% |
1.03
% |
0.55
% |
1.06
% |
1.51
% |
Portfolio
turnover rate(c)
|
35
% |
35
% |
37
% |
57
% |
37
% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$9.44 |
$13.82 |
$10.31 |
$12.50 |
$11.99 |
Net
investment income (loss)(a)
|
0.12 |
0.03 |
(0.02
) |
0.03 |
0.10 |
Net
realized and unrealized gain (loss) |
1.33 |
(3.96
) |
4.41 |
(1.14
) |
2.78 |
Total
from investment operations |
1.45 |
(3.93
) |
4.39 |
(1.11
) |
2.88 |
Distributions
to shareholders from net investment income |
(0.11
) |
(0.09
) |
(0.06
) |
(0.08
) |
(0.11
) |
Distributions
to shareholders from net realized gains |
(0.29
) |
(0.36
) |
(0.82
) |
(1.00
) |
(2.26
) |
Total
distributions |
(0.40
) |
(0.45
) |
(0.88
) |
(1.08
) |
(2.37
) |
Net
asset value, end of year |
$10.49 |
$9.44 |
$13.82 |
$10.31 |
$12.50 |
Total
Return(b) |
15.63
% |
(28.54
)% |
43.12
% |
(8.50
)% |
24.62
% |
Net
assets, end of year (in 000’s) |
$730 |
$807 |
$1,540 |
$1,332 |
$2,615 |
Ratio
of net expenses to average net assets |
1.97
% |
2.01
% |
2.03
% |
2.04
% |
2.05
% |
Ratio
of total expenses to average net assets |
2.30
% |
2.32
% |
2.29
% |
2.37
% |
2.32
% |
Ratio
of net investment income (loss) to average net
assets |
1.18
% |
0.24
% |
(0.20
)% |
0.26
% |
0.69
% |
Portfolio
turnover rate(c)
|
35
% |
35
% |
37
% |
57
% |
37
% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.80 |
$15.67 |
$11.56 |
$13.83 |
$13.05 |
Net
investment income(a)
|
0.27 |
0.18 |
0.13 |
0.17 |
0.28 |
Net
realized and unrealized gain (loss) |
1.52 |
(4.51
) |
4.97 |
(1.26
) |
3.03 |
Total
from investment operations |
1.79 |
(4.33
) |
5.10 |
(1.09
) |
3.31 |
Distributions
to shareholders from net investment income |
(0.19
) |
(0.18
) |
(0.17
) |
(0.18
) |
(0.27
) |
Distributions
to shareholders from net realized gains |
(0.29
) |
(0.36
) |
(0.82
) |
(1.00
) |
(2.26
) |
Total
distributions |
(0.48
) |
(0.54
) |
(0.99
) |
(1.18
) |
(2.53
) |
Net
asset value, end of year |
$12.11 |
$10.80 |
$15.67 |
$11.56 |
$13.83 |
Total
Return(b) |
16.92
% |
(27.77
)% |
44.74
% |
(7.48
)% |
26.01
% |
Net
assets, end of year (in 000’s) |
$26,104 |
$24,348 |
$37,235 |
$23,409 |
$30,069 |
Ratio
of net expenses to average net assets |
0.89
% |
0.91
% |
0.91
% |
0.91
% |
0.92
% |
Ratio
of total expenses to average net assets |
1.19
% |
1.20
% |
1.17
% |
1.24
% |
1.19
% |
Ratio
of net investment income to average net assets |
2.38
% |
1.42
% |
0.92
% |
1.47
% |
1.86
% |
Portfolio
turnover rate(c)
|
35
% |
35
% |
37
% |
57
% |
37
% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Service
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.36 |
$15.07 |
$11.15 |
$13.40 |
$12.71 |
Net
investment income(a)
|
0.20 |
0.08 |
0.05 |
0.11 |
0.21 |
Net
realized and unrealized gain (loss) |
1.46 |
(4.30
) |
4.80 |
(1.23
) |
2.94 |
Total
from investment operations |
1.66 |
(4.22
) |
4.85 |
(1.12
) |
3.15 |
Distributions
to shareholders from net investment income |
(0.15
) |
(0.13
) |
(0.11
) |
(0.13
) |
(0.20
) |
Distributions
to shareholders from net realized gains |
(0.29
) |
(0.36
) |
(0.82
) |
(1.00
) |
(2.26
) |
Total
distributions |
(0.44
) |
(0.49
) |
(0.93
) |
(1.13
) |
(2.46
) |
Net
asset value, end of year |
$11.58 |
$10.36 |
$15.07 |
$11.15 |
$13.40 |
Total
Return(b) |
16.34
% |
(28.12
)% |
44.13
% |
(7.95
)% |
25.40
% |
Net
assets, end of year (in 000’s) |
$362 |
$312 |
$893 |
$940 |
$1,608 |
Ratio
of net expenses to average net assets |
1.39
% |
1.41
% |
1.41
% |
1.41
% |
1.42
% |
Ratio
of total expenses to average net assets |
1.69
% |
1.70
% |
1.68
% |
1.74
% |
1.69
% |
Ratio
of net investment income to average net assets |
1.84
% |
0.66
% |
0.42
% |
0.95
% |
1.43
% |
Portfolio
turnover rate(c)
|
35
% |
35
% |
37
% |
57
% |
37
% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.40 |
$15.13 |
$11.19 |
$13.43 |
$12.73 |
Net
investment income(a)
|
0.22 |
0.15 |
0.11 |
0.14 |
0.24 |
Net
realized and unrealized gain (loss) |
1.50 |
(4.35
) |
4.81 |
(1.22
) |
2.97 |
Total
from investment operations |
1.72 |
(4.20
) |
4.92 |
(1.08
) |
3.21 |
Distributions
to shareholders from net investment income |
(0.18
) |
(0.17
) |
(0.16
) |
(0.16
) |
(0.25
) |
Distributions
to shareholders from net realized gains |
(0.29
) |
(0.36
) |
(0.82
) |
(1.00
) |
(2.26
) |
Total
distributions |
(0.47
) |
(0.53
) |
(0.98
) |
(1.16
) |
(2.51
) |
Net
asset value, end of year |
$11.65 |
$10.40 |
$15.13 |
$11.19 |
$13.43 |
Total
Return(b) |
16.91
% |
(27.90
)% |
44.58
% |
(7.59
)% |
25.84
% |
Net
assets, end of year (in 000’s) |
$843 |
$1,428 |
$2,678 |
$2,289 |
$4,532 |
Ratio
of net expenses to average net assets |
0.98
% |
1.01
% |
1.03
% |
1.04
% |
1.05
% |
Ratio
of total expenses to average net assets |
1.31
% |
1.32
% |
1.30
% |
1.36
% |
1.32
% |
Ratio
of net investment income to average net assets |
2.03
% |
1.22
% |
0.80
% |
1.17
% |
1.64
% |
Portfolio
turnover rate(c)
|
35
% |
35
% |
37
% |
57
% |
37
% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.79 |
$15.67 |
$11.56 |
$13.83 |
$13.05 |
Net
investment income(a)
|
0.26 |
0.30 |
0.12 |
0.18 |
0.30 |
Net
realized and unrealized gain (loss) |
1.54 |
(4.64
) |
4.98 |
(1.27
) |
3.01 |
Total
from investment operations |
1.80 |
(4.34
) |
5.10 |
(1.09
) |
3.31 |
Distributions
to shareholders from net investment income |
(0.19
) |
(0.18
) |
(0.17
) |
(0.18
) |
(0.27
) |
Distributions
to shareholders from net realized gains |
(0.29
) |
(0.36
) |
(0.82
) |
(1.00
) |
(2.26
) |
Total
distributions |
(0.48
) |
(0.54
) |
(0.99
) |
(1.18
) |
(2.53
) |
Net
asset value, end of year |
$12.11 |
$10.79 |
$15.67 |
$11.56 |
$13.83 |
Total
Return(b) |
17.04
% |
(27.82
)% |
44.74
% |
(7.47
)% |
26.02
% |
Net
assets, end of year (in 000’s) |
$2,564 |
$2,385 |
$443 |
$1,116 |
$973 |
Ratio
of net expenses to average net assets |
0.88
% |
0.90
% |
0.90
% |
0.90
% |
0.90
% |
Ratio
of total expenses to average net assets |
1.18
% |
1.23
% |
1.18
% |
1.24
% |
1.18
% |
Ratio
of net investment income to average net assets |
2.31
% |
2.47
% |
0.93
% |
1.52
% |
1.98
% |
Portfolio
turnover rate(c)
|
35
% |
35
% |
37
% |
57
% |
37
% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
R Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.04 |
$14.64 |
$10.87 |
$13.09 |
$12.47 |
Net
investment income(a)
|
0.17 |
0.10 |
0.04 |
0.09 |
0.18 |
Net
realized and unrealized gain (loss) |
1.43 |
(4.21
) |
4.66 |
(1.19
) |
2.88 |
Total
from investment operations |
1.60 |
(4.11
) |
4.70 |
(1.10
) |
3.06 |
Distributions
to shareholders from net investment income |
(0.14
) |
(0.13
) |
(0.11
) |
(0.12
) |
(0.18
) |
Distributions
to shareholders from net realized gains |
(0.29
) |
(0.36
) |
(0.82
) |
(1.00
) |
(2.26
) |
Total
distributions |
(0.43
) |
(0.49
) |
(0.93
) |
(1.12
) |
(2.44
) |
Net
asset value, end of year |
$11.21 |
$10.04 |
$14.64 |
$10.87 |
$13.09 |
Total
Return(b) |
16.26
% |
(28.22
)% |
43.82
% |
(8.00
)% |
25.14
% |
Net
assets, end of year (in 000’s) |
$512 |
$841 |
$1,134 |
$910 |
$1,440 |
Ratio
of net expenses to average net assets |
1.47
% |
1.51
% |
1.53
% |
1.54
% |
1.55
% |
Ratio
of total expenses to average net assets |
1.81
% |
1.82
% |
1.79
% |
1.87
% |
1.82
% |
Ratio
of net investment income to average net assets |
1.63
% |
0.84
% |
0.93
% |
0.79
% |
1.22
% |
Portfolio
turnover rate(c)
|
35
% |
35
% |
37
% |
57
% |
37
% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$8.85 |
$12.65 |
$10.25 |
$11.14 |
$9.79 |
Net
investment income(a)
|
0.20 |
0.19 |
0.09 |
0.12 |
0.17 |
Net
realized and unrealized gain (loss) |
0.93 |
(3.72
) |
2.55 |
(0.88
) |
2.01 |
Total
from investment operations |
1.13 |
(3.53
) |
2.64 |
(0.76
) |
2.18 |
Distributions
to shareholders from net investment income |
(0.15
) |
(0.05
) |
(0.24
) |
(0.10
) |
(0.53
) |
Distributions
to shareholders from net realized gains |
— |
(0.13
) |
— |
(0.02
) |
(0.30
) |
Distributions
to shareholders from return of capital |
— |
(0.09
) |
— |
(0.01
) |
— |
Total distributions |
(0.15
) |
(0.27
) |
(0.24
) |
(0.13
) |
(0.83
) |
Net
asset value, end of year |
$9.83 |
$8.85 |
$12.65 |
$10.25 |
$11.14 |
Total
Return(b) |
12.92
% |
(27.99
)% |
25.92
% |
(6.63
)% |
22.47
% |
Net
assets, end of year (in 000’s) |
$1,178 |
$1,202 |
$54 |
$50 |
$54 |
Ratio
of net expenses to average net assets |
1.34
% |
1.34
% |
1.34
% |
1.35
% |
1.36
% |
Ratio
of total expenses to average net assets |
1.70
% |
1.70
% |
1.58
% |
1.60
% |
1.52
% |
Ratio
of net investment income to average net assets |
2.17
% |
1.93
% |
0.80
% |
1.21
% |
1.55
% |
Portfolio
turnover rate(c)
|
47
% |
80
% |
52
% |
75
% |
42
% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$8.76 |
$12.55 |
$10.18 |
$11.09 |
$9.79 |
Net
investment income(a)
|
0.12 |
0.07 |
0.01 |
0.04 |
0.11 |
Net
realized and unrealized gain (loss) |
0.92 |
(3.65
) |
2.53 |
(0.87
) |
1.98 |
Total
from investment operations |
1.04 |
(3.58
) |
2.54 |
(0.83
) |
2.09 |
Distributions
to shareholders from net investment income |
(0.08
) |
(0.03
) |
(0.17
) |
(0.05
) |
(0.49
) |
Distributions
to shareholders from net realized gains |
— |
(0.13
) |
— |
(0.02
) |
(0.30
) |
Distributions
to shareholders from return of capital |
— |
(0.05
) |
— |
(0.01
) |
— |
Total distributions |
(0.08
) |
(0.21
) |
(0.17
) |
(0.08
) |
(0.79
) |
Net
asset value, end of year |
$9.72 |
$8.76 |
$12.55 |
$10.18 |
$11.09 |
Total
Return(b) |
12.03
% |
(28.55
)% |
25.01
% |
(7.39
)% |
21.60
% |
Net
assets, end of year (in 000’s) |
$35 |
$52 |
$63 |
$50 |
$66 |
Ratio
of net expenses to average net assets |
2.09
% |
2.09
% |
2.09
% |
2.10
% |
2.11
% |
Ratio
of total expenses to average net assets |
2.46
% |
2.41
% |
2.33
% |
2.34
% |
2.29
% |
Ratio
of net investment income to average net assets |
1.36
% |
0.71
% |
0.05
% |
0.45
% |
0.96
% |
Portfolio
turnover rate(c)
|
47
% |
80
% |
52
% |
75
% |
42
% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$8.86 |
$12.65 |
$10.25 |
$11.13 |
$9.82 |
Net
investment income (loss)(a)
|
0.17 |
0.22 |
0.13 |
0.15 |
0.22 |
Net
realized and unrealized gain (loss) |
0.98 |
(3.71
) |
2.55 |
(0.87
) |
2.00 |
Total
from investment operations |
1.15 |
(3.49
) |
2.68 |
(0.72
) |
2.22 |
Distributions
to shareholders from net investment income |
(0.17
) |
(0.08
) |
(0.28
) |
(0.13
) |
(0.61
) |
Distributions
to shareholders from net realized gains |
— |
(0.13
) |
— |
(0.02
) |
(0.30
) |
Distributions
to shareholders from return of capital |
— |
(0.09
) |
— |
(0.01
) |
— |
Total distributions |
(0.17
) |
(0.30
) |
(0.28
) |
(0.16
) |
(0.91
) |
Net
asset value, end of year |
$9.84 |
$8.86 |
$12.65 |
$10.25 |
$11.13 |
Total
Return(b) |
13.21
% |
(27.72
)% |
26.38
% |
(6.26
)% |
22.91
% |
Net
assets, end of year (in 000’s) |
$1,155 |
$4,225 |
$411 |
$2,150 |
$2,131 |
Ratio
of net expenses to average net assets |
0.97
% |
0.97
% |
0.97
% |
0.97
% |
0.97
% |
Ratio
of total expenses to average net assets |
1.32
% |
1.32
% |
1.21
% |
1.22
% |
1.15
% |
Ratio
of net investment income (loss) to average
net assets |
1.84
% |
2.26
% |
1.17
% |
1.60
% |
1.98
% |
Portfolio
turnover rate(c)
|
47
% |
80
% |
52
% |
75
% |
42
% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$8.83 |
$12.62 |
$10.23 |
$11.11 |
$9.80 |
Net
investment income(a)
|
0.23 |
0.19 |
0.12 |
0.14 |
0.21 |
Net
realized and unrealized gain (loss) |
0.91 |
(3.69
) |
2.54 |
(0.87
) |
2.00 |
Total
from investment operations |
1.14 |
(3.50
) |
2.66 |
(0.73
) |
2.21 |
Distributions
to shareholders from net investment income |
(0.16
) |
(0.08
) |
(0.27
) |
(0.12
) |
(0.60
) |
Distributions
to shareholders from net realized gains |
— |
(0.13
) |
— |
(0.02
) |
(0.30
) |
Distributions
to shareholders from return of capital |
— |
(0.08
) |
— |
(0.01
) |
— |
Total distributions |
(0.16
) |
(0.29
) |
(0.27
) |
(0.15
) |
(0.90
) |
Net
asset value, end of year |
$9.81 |
$8.83 |
$12.62 |
$10.23 |
$11.11 |
Total
Return(b) |
13.18
% |
(27.85
)% |
26.20
% |
(6.37
)% |
22.79
% |
Net
assets, end of year (in 000’s) |
$137 |
$63 |
$40 |
$32 |
$34 |
Ratio
of net expenses to average net assets |
1.09
% |
1.09
% |
1.09
% |
1.10
% |
1.11
% |
Ratio
of total expenses to average net assets |
1.48
% |
1.42
% |
1.33
% |
1.34
% |
1.29
% |
Ratio
of net investment income to average net assets |
2.60
% |
1.90
% |
1.05
% |
1.45
% |
1.85
% |
Portfolio
turnover rate(c)
|
47
% |
80
% |
52
% |
75
% |
42
% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$8.84 |
$12.63 |
$10.23 |
$11.11 |
$9.80 |
Net
investment income(a)
|
0.24 |
0.18 |
0.14 |
0.15 |
0.21 |
Net
realized and unrealized gain (loss) |
0.92 |
(3.67
) |
2.55 |
(0.87
) |
2.01 |
Total
from investment operations |
1.16 |
(3.49
) |
2.69 |
(0.72
) |
2.22 |
Distributions
to shareholders from net investment income |
(0.17
) |
(0.11
) |
(0.29
) |
(0.13
) |
(0.61
) |
Distributions
to shareholders from net realized gains |
— |
(0.13
) |
— |
(0.02
) |
(0.30
) |
Distributions
to shareholders from return of capital |
— |
(0.06
) |
— |
(0.01
) |
— |
Total distributions |
(0.17
) |
(0.30
) |
(0.29
) |
(0.16
) |
(0.91
) |
Net
asset value, end of year |
$9.83 |
$8.84 |
$12.63 |
$10.23 |
$11.11 |
Total
Return(b) |
13.38
% |
(27.76
)% |
26.45
% |
(6.27
)% |
22.97
% |
Net
assets, end of year (in 000’s) |
$95,978 |
$67,730 |
$126,806 |
$144,290 |
$193,139 |
Ratio
of net expenses to average net assets |
0.96
% |
0.96
% |
0.96
% |
0.96
% |
0.96
% |
Ratio
of total expenses to average net assets |
1.32
% |
1.27
% |
1.20
% |
1.20
% |
1.14
% |
Ratio
of net investment income to average net assets |
2.64
% |
1.71
% |
1.18
% |
1.58
% |
1.90
% |
Portfolio
turnover rate(c)
|
47
% |
80
% |
52
% |
75
% |
42
% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Class A
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$12.27 |
$13.45 |
$11.78 |
$12.47 |
$9.68 |
Net
investment income(a)
|
0.25 |
0.18 |
0.15 |
0.14 |
0.18 |
Net
realized and unrealized gain (loss) |
0.32 |
(1.20
) |
1.74 |
(0.64
) |
2.83 |
Total
from investment operations |
0.57 |
(1.02
) |
1.89 |
(0.50
) |
3.01 |
Distributions
to shareholders from net investment income |
(0.29
) |
(0.14
) |
(0.18
) |
(0.16
) |
(0.19
) |
Distributions
to shareholders from net realized gains |
— |
— |
(0.04
) |
— |
— |
Distributions
to shareholders from return of capital |
(0.01
) |
(0.02
) |
— |
(0.03
) |
(0.03
) |
Total
distributions |
(0.30
) |
(0.16
) |
(0.22
) |
(0.19
) |
(0.22
) |
Net
asset value, end of year |
$12.54 |
$12.27 |
$13.45 |
$11.78 |
$12.47 |
Total
Return(b) |
4.78
% |
(7.62
)% |
16.15
% |
(3.97
)% |
31.22
% |
Net
assets, end of year (in 000’s) |
$185 |
$296 |
$1,302 |
$357 |
$782 |
Ratio
of net expenses to average net assets |
1.31
% |
1.35
% |
1.35
% |
1.34
% |
1.36
% |
Ratio
of total expenses to average net assets |
1.49
% |
1.41
% |
1.45
% |
1.56
% |
1.51
% |
Ratio
of net investment income to average net assets |
2.06
% |
1.44
% |
1.14
% |
1.17
% |
1.53
% |
Portfolio
turnover rate(c)
|
26
% |
36
% |
50
% |
57
% |
39
% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Class C
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$12.11 |
$13.34 |
$11.70 |
$12.41 |
$9.65 |
Net
investment income(a)
|
0.16 |
0.09 |
0.05 |
0.02 |
0.11 |
Net
realized and unrealized gain (loss) |
0.31 |
(1.20
) |
1.73 |
(0.62
) |
2.80 |
Total
from investment operations |
0.47 |
(1.11
) |
1.78 |
(0.60
) |
2.91 |
Distributions
to shareholders from net investment income |
(0.19
) |
(0.11
) |
(0.10
) |
(0.09
) |
(0.13
) |
Distributions
to shareholders from net realized gains |
— |
— |
(0.04
) |
— |
— |
Distributions
to shareholders from return of capital |
(0.01
) |
(0.01
) |
— |
(0.02
) |
(0.02
) |
Total
distributions |
(0.20
) |
(0.12
) |
(0.14
) |
(0.11
) |
(0.15
) |
Net
asset value, end of year |
$12.38 |
$12.11 |
$13.34 |
$11.70 |
$12.41 |
Total
Return(b) |
3.95
% |
(8.29
)% |
15.28
% |
(4.78
)% |
30.31
% |
Net
assets, end of year (in 000’s) |
$257 |
$454 |
$622 |
$868 |
$2,607 |
Ratio
of net expenses to average net assets |
2.06
% |
2.10
% |
2.10
% |
2.09
% |
2.11
% |
Ratio
of total expenses to average net assets |
2.24
% |
2.17
% |
2.20
% |
2.30
% |
2.26
% |
Ratio
of net investment income to average net assets |
1.35
% |
0.71
% |
0.39
% |
0.21
% |
1.01
% |
Portfolio
turnover rate(c)
|
26
% |
36
% |
50
% |
57
% |
39
% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$12.23 |
$13.47 |
$11.80 |
$12.50 |
$9.71 |
Net
investment income(a)
|
0.27 |
0.25 |
0.19 |
0.21 |
0.19 |
Net
realized and unrealized gain (loss) |
0.34 |
(1.22
) |
1.74 |
(0.68
) |
2.87 |
Total
from investment operations |
0.61 |
(0.97
) |
1.93 |
(0.47
) |
3.06 |
Distributions
to shareholders from net investment income |
(0.32
) |
(0.23
) |
(0.22
) |
(0.17
) |
(0.24
) |
Distributions
to shareholders from net realized gains |
— |
— |
(0.04
) |
— |
— |
Distributions
to shareholders from return of capital |
(0.02
) |
(0.04
) |
— |
(0.06
) |
(0.03
) |
Total
distributions |
(0.34
) |
(0.27
) |
(0.26
) |
(0.23
) |
(0.27
) |
Net
asset value, end of year |
$12.50 |
$12.23 |
$13.47 |
$11.80 |
$12.50 |
Total
Return(b) |
5.13
% |
(7.24
)% |
16.50
% |
(3.63
)% |
31.66
% |
Net
assets, end of year (in 000’s) |
$8,591 |
$13,554 |
$8,983 |
$6,772 |
$1,264 |
Ratio
of net expenses to average net assets |
0.99
% |
0.99
% |
0.99
% |
0.99
% |
1.00
% |
Ratio
of total expenses to average net assets |
1.12
% |
1.04
% |
1.08
% |
1.19
% |
1.13
% |
Ratio
of net investment income to average net assets |
2.25
% |
1.94
% |
1.50
% |
1.82
% |
1.70
% |
Portfolio
turnover rate(c)
|
26
% |
36
% |
50
% |
57
% |
39
% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$12.21 |
$13.46 |
$11.78 |
$12.47 |
$9.68 |
Net
investment income(a)
|
0.29 |
0.27 |
0.18 |
0.10 |
0.22 |
Net
realized and unrealized gain (loss) |
0.30 |
(1.27
) |
1.75 |
(0.58
) |
2.82 |
Total
from investment operations |
0.59 |
(1.00
) |
1.93 |
(0.48
) |
3.04 |
Distributions
to shareholders from net investment income |
(0.31
) |
(0.21
) |
(0.21
) |
(0.19
) |
(0.22
) |
Distributions
to shareholders from net realized gains |
— |
— |
(0.04
) |
— |
— |
Distributions
to shareholders from return of capital |
(0.02
) |
(0.04
) |
— |
(0.02
) |
(0.03
) |
Total
distributions |
(0.33
) |
(0.25
) |
(0.25
) |
(0.21
) |
(0.25
) |
Net
asset value, end of year |
$12.47 |
$12.21 |
$13.46 |
$11.78 |
$12.47 |
Total
Return(b) |
5.00
% |
(7.41
)% |
16.49
% |
(3.80
)% |
31.49
% |
Net
assets, end of year (in 000’s) |
$1,195 |
$1,720 |
$248 |
$181 |
$929 |
Ratio
of net expenses to average net assets |
1.06
% |
1.10
% |
1.10
% |
1.09
% |
1.10
% |
Ratio
of total expenses to average net assets |
1.24
% |
1.16
% |
1.20
% |
1.29
% |
1.26
% |
Ratio
of net investment income to average net assets |
2.41
% |
2.17
% |
1.39
% |
0.86
% |
1.96
% |
Portfolio
turnover rate(c)
|
26
% |
36
% |
50
% |
57
% |
39
% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Class R6
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$12.20 |
$13.44 |
$11.77 |
$12.47 |
$9.69 |
Net
investment income(a)
|
0.31 |
0.24 |
0.19 |
0.18 |
0.23 |
Net
realized and unrealized gain (loss) |
0.29 |
(1.21
) |
1.74 |
(0.65
) |
2.82 |
Total
from investment operations |
0.60 |
(0.97
) |
1.93 |
(0.47
) |
3.05 |
Distributions
to shareholders from net investment income |
(0.32
) |
(0.24
) |
(0.22
) |
(0.19
) |
(0.24
) |
Distributions
to shareholders from net realized gains |
— |
— |
(0.04
) |
— |
— |
Distributions
to shareholders from return of capital |
(0.02
) |
(0.03
) |
— |
(0.04
) |
(0.03
) |
Total
distributions |
(0.34
) |
(0.27
) |
(0.26
) |
(0.23
) |
(0.27
) |
Net
asset value, end of year |
$12.46 |
$12.20 |
$13.44 |
$11.77 |
$12.47 |
Total
Return(b) |
5.09
% |
(7.25
)% |
16.55
% |
(3.64
)% |
31.63
% |
Net
assets, end of year (in 000’s) |
$112,270 |
$128,064 |
$166,430 |
$160,304 |
$187,335 |
Ratio
of net expenses to average net assets |
0.98
% |
0.98
% |
0.98
% |
0.98
% |
0.99
% |
Ratio
of total expenses to average net assets |
1.12
% |
1.04
% |
1.07
% |
1.18
% |
1.11
% |
Ratio
of net investment income to average net assets |
2.55
% |
1.86
% |
1.51
% |
1.57
% |
1.94
% |
Portfolio
turnover rate(c)
|
26
% |
36
% |
50
% |
57
% |
39
% |
MERRILL
LYNCH |
AMERIPRISE
FINANCIAL |
MORGAN
STANLEY WEALTH MANAGEMENT |
RAYMOND
JAMES & ASSOCIATES, INC., RAYMOND JAMES FINANCIAL SERVICES, INC. AND
EACH ENTITY’S AFFILIATES
(“RAYMOND
JAMES”) |
JANNEY
MONTGOMERY SCOTT LLC |
EDWARD
D. JONES & CO., L.P. (“Edward
Jones”) |
OPPENHEIMER
& CO. INC. |
ROBERT
W. BAIRD & CO. (“BAIRD”) |
J.P.
MORGAN SECURITIES LLC |
FOR
MORE INFORMATION |
|
Institutional,
Service & Class R6 |
Class
A, C, Investor & R |
◼ By
telephone: |
1-800-621-2550 |
1-800-526-7384 |
◼ By
mail: |
Goldman
Sachs,
71
South Wacker Drive, Suite 1200
Chicago,
IL 60606 |
Goldman
Sachs Funds
P.O.
Box 219711
Kansas
City, MO 64121 |
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|