AN
INVESTMENT IN A FUND IS NOT A BANK ACCOUNT OR A BANK DEPOSIT AND IS NOT
INSURED OR
GUARANTEED
BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT
AGENCY. |
|
|
|
Treasury
Obligations
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Premier
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Premier
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Treasury
Instruments
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Premier
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Premier
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Treasury
Solutions
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Premier
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Premier
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Government
Fund |
Maximum
Sales Charge (Load) Imposed on Purchases |
|
Maximum
Deferred Sales Charge (Load) |
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends |
|
Redemption
Fees |
|
Exchange
Fees |
|
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Administration
Fees |
|
All
Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Premier
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Premier
Shares |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVEs |
PRINCIPAL
INVESTMENT STRATEGIES |
INVESTMENT
PRACTICES AND SECURITIES |
|
Financial
Square Funds | |||
|
Financial
Square
Treasury
Obligations |
Financial
Square
Treasury
Instruments |
Financial
Square
Treasury
Solutions |
Financial
Square
Government |
U.S.
Treasury Obligations1
|
◼ |
◼ |
◼ |
◼ |
U.S.
Government Securities |
|
|
|
◼ |
Repurchase
Agreements |
◼ |
|
◼2 |
◼ |
Investment
Companies |
|
|
|
◼
Up to 10% of total
assets in other
investment
companies3 |
Credit
Quality |
First
Tier4 |
First Tier4 |
First
Tier4 |
First Tier4 |
Summary
of Taxation for Distributions5 |
Taxable
federal and
state6 |
Taxable federal and
generally exempt
from state
taxation |
Taxable
federal and
state6 |
Taxable federal and
state6 |
Miscellaneous |
Reverse
repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
Under extraordinary
circumstances, may
hold U.S.
Government
Securities subject to
state taxation.
Reverse repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
Reverse
repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
Reverse repurchase
agreements
(i.e.,
where the Fund is
the borrower of
cash) not
permitted. |
|
Financial
Square Funds | |||
|
Government
Funds | |||
✓ Principal
Risk
• Additional
Risk |
Treasury
Obligations
Fund |
Treasury
Instruments
Fund |
Treasury
Solutions
Fund |
Government
Fund |
Credit/Default |
✓ |
✓ |
✓ |
✓ |
Cybersecurity |
• |
• |
• |
• |
Floating
and Variable Rate Obligations |
• |
• |
• |
• |
Interest
Rate |
✓ |
✓ |
✓ |
✓ |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
✓ |
Liquidity |
✓ |
✓ |
✓ |
✓ |
Management |
• |
• |
• |
• |
Market |
✓ |
✓ |
✓ |
✓ |
Regulatory |
• |
• |
• |
• |
Stable
NAV |
✓ |
✓ |
✓ |
✓ |
U.S.
Government Securities |
|
|
|
✓ |
INVESTMENT
ADVISERS |
Investment
Adviser |
Financial
Square Funds |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, New York 10282 |
Treasury
Obligations
Treasury
Instruments
Treasury
Solutions
Government |
MANAGEMENT
FEES AND OTHER EXPENSES |
Financial
Square Funds |
Contractual
Rate |
Actual
Rate
For
the Fiscal
Year
Ended
November
30, 2023* |
Treasury
Obligations |
0.18% |
0.18% |
Treasury
Instruments |
0.18% |
0.18% |
Treasury
Solutions |
0.18% |
0.18% |
Government |
0.16% |
0.16% |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
Financial
Square Funds |
Dividend
Declaration Time
(Eastern
Time) |
Treasury
Obligations |
5:00
p.m. |
Treasury
Instruments |
3:00
p.m. |
Treasury
Solutions |
3:00
p.m. |
Government |
5:00
p.m. |
Financial
Square Funds |
Government
Funds |
◼ Government
Money Market Fund |
◼ Treasury
Instruments Fund |
◼ Treasury
Obligations Fund |
◼ Treasury
Solutions Fund |
How
to Buy Shares |
Minimum
initial investment |
$10
million in Premier Shares of a Fund alone or in combination with other
assets
under the management of GSAM and its affiliates |
Minimum
additional investment |
No
minimum |
NAV
= |
(Value
of Assets of the Class)
–
(Liabilities of the Class) |
|
Number
of Outstanding Shares of the
Class |
Fund |
Daily
NAV
Calculation
Time(s) |
◼ Financial
Square Treasury Instruments |
3:00 p.m. Eastern
Time |
◼ Financial
Square Treasury Solutions |
|
◼ Financial
Square Government |
5:00 p.m. Eastern
Time |
◼ Financial
Square Treasury Obligations |
|
Fund |
Deadline
for Same Business Day
Dividend
Accrual |
◼ Financial
Square Treasury Instruments |
3:00
p.m. Eastern Time |
◼ Financial
Square Treasury Solutions |
|
◼ Financial
Square Government |
5:00
p.m. Eastern Time |
◼ Financial
Square Treasury Obligations |
|
How
to Sell Shares |
Fund
Receives Redemption Request |
Redemption
Proceeds |
Dividends |
|
|
|
|
Checks
sent next business day |
Earned
on day request is accepted |
◼ Financial
Square Treasury Instruments |
|
|
◼ Financial
Square Treasury Solutions |
|
|
◼ By
3:00 p.m. Eastern Time |
Wired
same business day |
Not
earned on day request is accepted |
|
|
|
|
Checks
sent next business day |
Earned
on day request is accepted |
◼ Financial
Square Government |
|
|
◼ Financial
Square Treasury Obligations |
|
|
◼ By
5:00 p.m. Eastern Time |
Wired
same business day |
Not
earned on day request is accepted |
|
|
|
|
Checks
sent next business day |
Earned
on day request is accepted |
DISTRIBUTIONS |
SALES |
OTHER
INFORMATION |
Government
Fund — Premier Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November
30, 2020† |
Year
Ended August 31, | |||
2023 |
2022 |
2021 |
2020 |
2019 | ||
Per
Share Data | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.044 |
0.010 |
—
(b) |
—
(b) |
0.007 |
0.019 |
Net
realized gain |
0.001 |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
Total
from investment operations |
0.045 |
0.010 |
—
(b) |
—
(b) |
0.007 |
0.019 |
Distributions
to shareholders from net investment
income |
(0.045
) |
(0.010
) |
—
(b) |
—
(b) |
(0.007
) |
(0.019
) |
Distributions
to shareholders from net realized
gains |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
Total
distributions(c) |
(0.045
) |
(0.010
) |
—
(b) |
—
(b) |
(0.007
) |
(0.019
) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
Return(d) |
4.56
% |
1.01
% |
0.03
% |
—
%(e) |
0.70
% |
1.87
% |
Net
assets, end of year (in 000’s) |
$119,784 |
$365,028 |
$9,922,502 |
$219,114 |
$195,822 |
$190,633 |
Ratio
of net expenses to average net assets |
0.53
% |
0.33
% |
0.07
% |
0.20
%(f) |
0.46
% |
0.53
% |
Ratio
of total expenses to average net assets |
0.53
% |
0.53
% |
0.53
% |
0.53
%(f) |
0.53
% |
0.53
% |
Ratio
of net investment income (loss) to average
net
assets |
4.39
% |
0.33
% |
0.03
% |
(0.01
)%(f) |
0.70
% |
1.85
% |
Treasury
Instruments Fund — Premier Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November
30, 2020† |
Year
Ended August 31, | |||
2023 |
2022 |
2021 |
2020 |
2019 | ||
Per
Share Data | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.046 |
0.009 |
—
(b) |
—
(b) |
0.007 |
0.018 |
Net
realized loss |
(0.002
) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
Total
from investment operations |
0.044 |
0.009 |
—
(b) |
—
(b) |
0.007 |
0.018 |
Distributions
to shareholders from net investment
income |
(0.044
) |
(0.009
) |
—
(b) |
—
(b) |
(0.007
) |
(0.018
) |
Distributions
to shareholders from net realized gains |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
Total
distributions(c) |
(0.044
) |
(0.009
) |
—
(b) |
—
(b) |
(0.007
) |
(0.018
) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
Return(d) |
4.47
% |
0.90
% |
0.01
% |
—
%(e) |
0.69
% |
1.80
% |
Net
assets, end of year (in 000’s) |
$694,503 |
$215,864 |
$204,641 |
$162,524 |
$161,117 |
$151,939 |
Ratio
of net expenses to average net assets |
0.55
% |
0.39
% |
0.07
% |
0.16
%(f) |
0.45
% |
0.55
% |
Ratio
of total expenses to average net assets |
0.55
% |
0.55
% |
0.55
% |
0.55
%(f) |
0.55
% |
0.55
% |
Ratio
of net investment income to average net assets |
4.59
% |
0.87
% |
0.01
% |
—
%(e)(f) |
0.65
% |
1.76
% |
Treasury
Obligations Fund — Premier Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November
30, 2020† |
Year
Ended August 31, | |||
2023 |
2022 |
2021 |
2020 |
2019 | ||
Per
Share Data | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.044 |
0.010 |
—
(b) |
—
(b) |
0.006 |
0.018 |
Net
realized gain |
— |
—
(b) |
—
(b) |
—
(b) |
0.001 |
—
(b) |
Total
from investment operations |
0.044 |
0.010 |
—
(b) |
—
(b) |
0.007 |
0.018 |
Distributions
to shareholders from net investment income |
(0.044
) |
(0.010
) |
—
(b) |
—
(b) |
(0.007
) |
(0.018
) |
Distributions
to shareholders from net realized gains |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
Total
distributions(c) |
(0.044
) |
(0.010
) |
—
(b) |
—
(b) |
(0.007
) |
(0.018
) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
Return(d) |
4.55
% |
1.00
% |
0.02
% |
—
%(e) |
0.68
% |
1.84
% |
Net
assets, end of year (in 000’s) |
$15,290 |
$42,003 |
$13,495 |
$13,573 |
$17,568 |
$17,485 |
Ratio
of net expenses to average net assets |
0.55
% |
0.45
% |
0.07
% |
0.15
%(f) |
0.46
% |
0.55
% |
Ratio
of total expenses to average net assets |
0.55
% |
0.55
% |
0.55
% |
0.55
%(f) |
0.55
% |
0.55
% |
Ratio
of net investment income to average net assets |
4.38
% |
1.45
% |
0.01
% |
—
%(e)(f) |
0.62
% |
1.82
% |
Treasury
Solutions Fund — Premier Shares |
Year
Ended
November
30, |
For
the
Period
Ended
November
30, 2020† |
Year
Ended August 31, | |||
2023 |
2022 |
2021 |
2020 |
2019 | ||
Per
Share Data | ||||||
Net
asset value, beginning of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Net
investment income(a) |
0.044 |
0.010 |
—
(b) |
—
(b) |
0.006 |
0.018 |
Net
realized gain |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
0.001 |
—
(b) |
Total
from investment operations |
0.044 |
0.010 |
—
(b) |
—
(b) |
0.007 |
0.018 |
Distributions
to shareholders from net investment
income |
(0.044
) |
(0.010
) |
—
(b) |
—
(b) |
(0.007
) |
(0.018
) |
Distributions
to shareholders from net realized gains |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
—
(b) |
Total
distributions(c) |
(0.044
) |
(0.010
) |
—
(b) |
—
(b) |
(0.007
) |
(0.018
) |
Net
asset value, end of period |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
$1.00 |
Total
Return(d) |
4.55
% |
1.00
% |
0.01
% |
—
%(e) |
0.71
% |
1.82
% |
Net
assets, end of year (in 000’s) |
$66,816 |
$91,667 |
$122,233 |
$79,208 |
$127,497 |
$161,003 |
Ratio
of net expenses to average net assets |
0.55
% |
0.39
% |
0.09
% |
0.17
%(f) |
0.45
% |
0.55
% |
Ratio
of total expenses to average net assets |
0.55
% |
0.55
% |
0.55
% |
0.55
%(f) |
0.55
% |
0.55
% |
Ratio
of net investment income to average net assets |
4.40
% |
0.85
% |
—
%(e) |
—
%(e)(f) |
0.63
% |
1.77
% |
FOR
MORE INFORMATION |
◼ By
telephone: |
1-800-621-2550 |
|
◼ By
mail: |
Goldman
Sachs Funds
71
South Wacker Drive, Suite 1200
Chicago,
IL 60606 |
|
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|