AN
INVESTMENT IN A FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN A FUND
INVOLVES
INVESTMENT
RISKS, AND YOU MAY LOSE MONEY IN A
FUND. |
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R6 |
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering
price) |
|
|
|
|
|
Maximum
Deferred Sales Charge (Load) (as a percentage of the lower of original
purchase
price or sale proceeds)1
|
|
|
|
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
Other
Expenses2
|
|
|
|
|
|
Service
Fees |
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
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 |
10
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 |
- |
- |
|
|
|
MSCI
China All Shares Index (Net, USD, Unhedged; reflects no deduction for fees
or
expenses)*** |
- |
|
|
|
|
Class
C Shares |
|
|
|
|
|
Returns
Before Taxes |
- |
- |
|
|
|
MSCI
China All Shares Index (Net, USD, Unhedged; reflects no deduction for fees
or
expenses)*** |
- |
|
|
|
|
Institutional
Shares |
|
|
|
|
|
Returns
Before Taxes |
- |
- |
|
|
|
MSCI
China All Shares Index (Net, USD, Unhedged; reflects no deduction for fees
or
expenses)*** |
- |
|
|
|
|
Investor
Shares |
|
|
|
|
|
Returns
Before Taxes |
- |
- |
|
|
|
MSCI
China All Shares Index (Net, USD, Unhedged; reflects no deduction for fees
or
expenses)*** |
- |
|
|
|
|
Class
R6 Shares |
|
|
|
|
|
Returns
Before Taxes |
- |
- |
|
|
|
MSCI
China All Shares 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 |
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 |
|
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
|
Fee
Waiver2
|
( |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waiver |
|
|
|
|
|
|
|
|
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 |
|
|
|
|
MSCI
Emerging Markets 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
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
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
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 |
|
|
|
MSCI®
Emerging Markets ex China 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
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
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
R 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
R Shares |
|
|
|
|
Returns |
|
|
- |
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
MSCI
Emerging Markets Index (Net, USD, Unhedged) |
|
|
|
|
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 |
◼ Argentina |
◼ Egypt |
◼ Malaysia |
◼ Qatar |
◼ Turkey |
◼ Brazil |
◼ Georgia |
◼ Mexico |
◼ Saudi
Arabia |
◼ United
Arab
Emirates
(Abu Dhabi
and
Dubai) |
◼ Chile |
◼ Greece |
◼ Pakistan |
◼ South
Africa |
◼ Vietnam |
◼ China |
◼ Hungary |
◼ Peru |
◼ South
Korea |
|
◼ Colombia |
◼ India |
◼ Philippines |
◼ Taiwan |
◼ |
◼ Czech
Republic |
◼ Indonesia |
◼ Poland |
◼ Thailand |
|
◼ Brazil |
◼ Greece |
◼ Peru |
◼ Slovenia |
◼ United
Arab
Emirates
(Abu Dhabi
and
Dubai) |
◼ Chile |
◼ Hungary |
◼ Philippines |
◼ South
Africa |
◼ Vietnam |
◼ Colombia |
◼ India |
◼ Poland |
◼ South
Korea | |
◼ Czech
Republic |
◼ Indonesia |
◼ Qatar |
◼ Taiwan | |
◼ Egypt |
◼ Malaysia |
◼ Saudi
Arabia |
◼ Thailand |
|
◼ Georgia |
◼ Mexico |
◼ Singapore |
◼ Turkey |
|
◼ Argentina |
◼ Egypt |
◼ Malaysia |
◼ Qatar |
◼ Turkey |
◼ Brazil |
◼ Georgia |
◼ Mexico |
◼ Saudi
Arabia |
◼ United
Arab
Emirates
(Abu Dhabi
and
Dubai) |
◼ Chile |
◼ Greece |
◼ Pakistan |
◼ South
Africa |
◼ Vietnam |
◼ China |
◼ Hungary |
◼ Peru |
◼ South
Korea |
|
◼ Colombia |
◼ India |
◼ Philippines |
◼ Taiwan |
◼ |
◼ Czech
Republic |
◼ Indonesia |
◼ Poland |
◼ Thailand |
|
Belief |
How
the Investment Adviser Acts on This Belief |
Excess
returns may be generated by conducting thorough fundamental
research
and individual stock selection |
Seeks
to generate excess returns through an intensive research culture and a
strong
commitment to on-the-ground research resources around the
world.
|
Differentiated
portfolios provide potential to generate excess
returns |
Builds
portfolios that are reflective of the team’s most compelling investment
ideas
so
that
the majority of excess returns is driven by stock
selection. |
Accountability
at the portfolio management level is critical |
By
ensuring the portfolio managers are empowered to make decisions
and
are
fully accountable for the performance of the Funds, we believe we
can
build
portfolios that reflect compelling risk reward opportunities from
our
research
teams globally. |
Belief |
How
the Investment Adviser Acts on This Belief |
◼ Companies
that employ sustainable
practices
and adhere to ESG principles can be
more
responsive and adaptive to change,
better
preserve competitive advantages and
maintain
financial resiliency |
Seeks
to identify sound companies by conducting proprietary ESG research and
bottom-up company analysis. |
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 |
China
Equity
Fund |
Emerging
Markets
Equity
Fund |
Emerging
Markets
Equity
ex. China
Fund |
ESG
Emerging
Markets
Equity
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,
Index and Currency Swaps |
• |
• |
• |
• |
Foreign
Currency Transactions (including forward contracts) |
• |
• |
• |
• |
Futures
Contracts and Options and Swaps on Futures Contracts |
• |
• |
• |
• |
Illiquid
Investments* |
15 |
15 |
15 |
15 |
Initial
Public Offerings (“IPOs”) |
• |
• |
• |
• |
Investment
Company Securities (including ETFs)** |
10 |
10 |
10 |
10 |
Options
on Foreign Currencies1
|
• |
• |
• |
• |
Options2 |
• |
• |
• |
• |
Preferred
Stock, Warrants and Stock Purchase Rights |
• |
• |
• |
• |
Repurchase
Agreements |
• |
• |
• |
• |
Securities
Lending |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Unseasoned
Companies |
• |
• |
• |
• |
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 |
China
Equity
Fund |
Emerging
Markets
Equity
Fund |
Emerging
Markets
Equity
ex. China
Fund |
ESG
Emerging
Markets
Equity
Fund |
Investment
Securities |
|
|
|
|
Asset-Backed
and Mortgage-Backed Securities1
|
• |
• |
• |
• |
Bank
Obligations1,2
|
• |
• |
• |
• |
Convertible
Securities |
• |
• |
• |
• |
Corporate
Debt Obligations1
|
• |
• |
• |
• |
Depositary
Receipts |
• |
• |
• |
• |
Emerging
Country Securities |
• |
• |
• |
• |
Equity
Investments |
80+ |
80+ |
80+ |
80+ |
Fixed
Income Securities |
204
|
205
|
206
|
205
|
Foreign
Government Securities1
|
• |
• |
• |
• |
Foreign
Securities |
• |
• |
• |
• |
Non-Investment
Grade Fixed Income Securities1,3
|
• |
• |
• |
• |
Participation
Notes |
• |
• |
• |
• |
Private
Investments in Public Equity (“PIPEs”)
|
• |
• |
• |
• |
Real
Estate Investment Trusts |
• |
• |
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
• |
• |
• |
• |
Structured
Securities (which may include equity linked notes) |
• |
• |
• |
• |
Temporary
Investments |
• |
• |
• |
• |
U.S.
Government Securities1
|
• |
• |
• |
• |
✓ Principal
Risk
• Additional
Risk |
China
Equity
Fund |
Emerging
Markets
Equity
Fund |
Emerging
Markets
Equity
ex. China
Fund |
ESG
Emerging
Markets
Equity
Fund |
Asian
Investment |
• |
• |
• |
• |
Banking
Industry |
• |
• |
• |
• |
Credit/Default
|
• |
• |
• |
• |
Cybersecurity |
• |
• |
• |
• |
Currency |
✓ |
• |
• |
• |
Depositary
Receipts |
✓ |
• |
• |
• |
Derivatives
|
• |
• |
• |
• |
Emerging
and Frontier Countries Risk |
✓ |
✓ |
✓ |
✓ |
ESG
Integration |
• |
• |
• |
|
ESG
Standards |
|
|
|
✓ |
Foreign
|
✓ |
✓ |
✓ |
✓ |
Foreign
Custody |
• |
• |
• |
• |
Geographic
|
• |
• |
• |
• |
Greater
China |
✓ |
• |
|
• |
Interest
Rate
|
• |
• |
• |
• |
Investing
Through Stock Connect |
✓ |
|
|
|
Investment
Style |
• |
• |
• |
• |
IPO |
• |
• |
• |
• |
Large
Shareholder Transactions
|
✓ |
✓ |
✓ |
✓ |
Liquidity
|
✓ |
✓ |
✓ |
✓ |
Management
|
• |
• |
• |
• |
Market
|
✓ |
✓ |
✓ |
✓ |
Mid-Cap
and Small-Cap |
✓ |
✓ |
✓ |
✓ |
Net
Asset Value
|
• |
• |
• |
• |
Non-Diversification
|
|
✓ |
✓ |
✓ |
Non-Investment
Grade Fixed Income Securities |
• |
|
|
• |
Participation
Notes |
• |
• |
• |
• |
Private
Investments in Public Equity (“PIPEs”)
|
• |
• |
• |
• |
RMB |
✓ |
|
|
|
Regulatory
Risk (Volcker Rule) |
|
|
• |
|
Sector |
• |
✓ |
✓ |
✓ |
Special
Purpose Acquisition Companies (“SPACs”)
|
• |
• |
• |
• |
Stock |
✓ |
✓ |
✓ |
✓ |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
China
Equity
Emerging
Markets Equity
Emerging
Markets Equity ex. China
ESG
Emerging Markets Equity
|
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund |
Contractual
Management
Fee
Annual
Rate |
Average
Daily
Net
Assets |
Actual
Rate
For
the Fiscal Year
Ended
October
31, 2023* |
China
Equity
|
1.00%
|
First
$1 Billion
|
1.00% |
|
0.90%
|
Next
$1 Billion |
|
|
0.86%
|
Next
$3 Billion |
|
|
0.84%
|
Next
$3 Billion
|
|
|
0.82%
|
Over
$8 Billion |
|
Emerging
Markets Equity |
1.02% |
First
$2 Billion |
0.90% |
|
0.92% |
Next
$3 Billion |
|
|
0.87% |
Next
$3 Billion |
|
|
0.85% |
Over
$8 Billion |
|
Emerging
Markets Equity ex. China |
0.90% |
First
$2 Billion |
0.90% |
|
0.81% |
Next
$3 Billion |
|
|
0.77% |
Next
$3 Billion |
|
|
0.75% |
Over
$8 Billion |
|
ESG
Emerging Markets Equity |
0.98% |
First
$2 Billion
|
0.92% |
|
0.88% |
Next
$3 Billion |
|
|
0.84% |
Next
$3 Billion |
|
|
0.82% |
Over
$8 Billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible
|
Five
Year Employment History |
Basak
Yavuz
Managing
Director |
Portfolio
Manager—
China
Equity
Emerging
Markets Equity
Emerging
Markets Equity ex.
China
ESG
Emerging Markets Equity |
Since
2019
2015
2022
2018 |
Ms.
Yavuz is the co-head of GSAM’s Emerging Markets Equity team
and
a portfolio manager for GSAM’s Emerging Markets Equity. Ms.
Yavuz
joined the Investment Adviser in September 2011 from HSBC
Asset
Management, where she spent three and a half years as a
portfolio
manager for frontier markets. Prior to joining HSBC, she
was
a research analyst at AllianceBernstein in London from 2001 to
2008. |
Hiren
Dasani, CFA
Managing
Director |
Portfolio
Manager
China
Equity
Emerging
Markets Equity
Emerging
Markets Equity ex.
China
ESG
Emerging Markets Equity |
Since
2019
2017
2022
2018 |
Mr.
Dasani is the co-head of GSAM’s Emerging Markets Equity team
and
a portfolio manager for GSAM’s Emerging Markets Equity and
India
Equity strategies. Mr. Dasani joined GSAM’s India Equity
Research
team in January 2007 from SSKI Securities. |
Christine
Pu, CFA
Vice
President |
Portfolio
Manager—
China
Equity |
Since
2019 |
Ms.
Pu is a portfolio manager within the Greater China Equity
Research
Team. She joined the Investment Adviser in November
2007. |
Nathan
Lin
Managing
Director |
Portfolio
Manager—China
Equity |
Since
2023 |
Mr.
Lin is a co-head of the China Equity team and portfolio manager
for
the Goldman Sachs Asset Management China Equity Strategies.
Mr.
Lin joined the Investment Adviser in
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 China Equity Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$16.62 |
$35.80 |
$36.99 |
$25.87 |
$23.13 |
Net
investment income (loss)(a)
|
0.02 |
(0.15
) |
(0.15
) |
(0.07
) |
0.04 |
Net
realized and unrealized gain (loss) |
1.45 |
(16.89
) |
0.93 |
11.35 |
4.23 |
Total
from investment operations |
1.47 |
(17.04
) |
0.78 |
11.28 |
4.27 |
Distributions
to shareholders from net investment income |
– |
– |
– |
(0.16
) |
(0.04
) |
Distributions
to shareholders from net realized gains |
– |
(2.14
) |
(1.97
) |
– |
(1.49
) |
Total
distributions |
– |
(2.14
) |
(1.97
) |
(0.16
) |
(1.53
) |
Net
asset value, end of year |
$18.09 |
$16.62 |
$35.80 |
$36.99 |
$25.87 |
Total
Return(b) |
8.91
% |
(50.53
)% |
1.96
% |
43.67
% |
19.54
% |
Net
assets, end of year (in 000's) |
$9,149 |
$9,664 |
$22,002 |
$18,617 |
$13,397 |
Ratio
of net expenses to average net assets |
1.48
% |
1.47
% |
1.45
% |
1.47
% |
1.51
% |
Ratio
of total expenses to average net assets |
1.92
% |
1.81
% |
1.77
% |
2.11
% |
2.10
% |
Ratio
of net investment income (loss) to average net
assets |
0.11
% |
(0.55
)% |
(0.38
)% |
(0.24
)% |
0.17
% |
Portfolio
turnover rate(c)
|
73
% |
37
% |
46
% |
106
% |
20
% |
|
Goldman
Sachs China Equity Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$14.39 |
$31.53 |
$33.03 |
$23.14 |
$20.95 |
Net
investment loss(a)
|
(0.12
) |
(0.36
) |
(0.40
) |
(0.26
) |
(0.14
) |
Net
realized and unrealized gain (loss) |
1.28 |
(14.64
) |
0.87 |
10.15 |
3.82 |
Total
from investment operations |
1.16 |
(15.00
) |
0.47 |
9.89 |
3.68 |
Distributions
to shareholders from net realized gains |
– |
(2.14
) |
(1.97
) |
– |
(1.49
) |
Net
asset value, end of year |
$15.55 |
$14.39 |
$31.53 |
$33.03 |
$23.14 |
Total
Return(b) |
8.06
% |
(50.89
)% |
1.22
% |
42.60
% |
18.66
% |
Net
assets, end of year (in 000's) |
$831 |
$1,042 |
$1,737 |
$973 |
$896 |
Ratio
of net expenses to average net assets |
2.23
% |
2.22
% |
2.20
% |
2.21
% |
2.27
% |
Ratio
of total expenses to average net assets |
2.68
% |
2.56
% |
2.54
% |
2.85
% |
2.85
% |
Ratio
of net investment loss to average net assets |
(0.67
)% |
(1.56
)% |
(1.17
)% |
(0.98
)% |
(0.63
)% |
Portfolio
turnover rate(c)
|
73
% |
37
% |
46
% |
106
% |
20
% |
|
Goldman
Sachs China Equity Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$18.01 |
$38.50 |
$39.52 |
$27.63 |
$24.56 |
Net
investment income(a)
|
0.10 |
0.01 |
0.03 |
0.05 |
0.14 |
Net
realized and unrealized gain (loss) |
1.57 |
(18.36
) |
0.92 |
12.09 |
4.50 |
Total
from investment operations |
1.67 |
(18.35
) |
0.95 |
12.14 |
4.64 |
Distributions
to shareholders from net investment income |
(0.05
) |
– |
– |
(0.25
) |
(0.08
) |
Distributions
to shareholders from net realized gains |
– |
(2.14
) |
(1.97
) |
– |
(1.49
) |
Total
distributions |
(0.05
) |
(2.14
) |
(1.97
) |
(0.25
) |
(1.57
) |
Net
asset value, end of year |
$19.63 |
$18.01 |
$38.50 |
$39.52 |
$27.63 |
Total
Return(b) |
9.24
% |
(50.35
)% |
2.28
% |
44.13
% |
19.98
% |
Net
assets, end of year (in 000's) |
$6,778 |
$8,320 |
$23,762 |
$10,824 |
$6,327 |
Ratio
of net expenses to average net assets |
1.16
% |
1.15
% |
1.15
% |
1.15
% |
1.15
% |
Ratio
of total expenses to average net assets |
1.56
% |
1.44
% |
1.40
% |
1.74
% |
1.71
% |
Ratio
of net investment income to average net assets |
0.46
% |
0.03
% |
0.07
% |
0.17
% |
0.54
% |
Portfolio
turnover rate(c)
|
73
% |
37
% |
46
% |
106
% |
20
% |
|
Goldman
Sachs China Equity Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$17.87 |
$38.24 |
$39.28 |
$27.46 |
$24.41 |
Net
investment income (loss)(a)
|
0.08 |
(0.06
) |
(0.01
) |
0.01 |
0.09 |
Net
realized and unrealized gain (loss) |
1.56 |
(18.17
) |
0.94 |
12.03 |
4.50 |
Total
from investment operations |
1.64 |
(18.23
) |
0.93 |
12.04 |
4.59 |
Distributions
to shareholders from net investment income |
(0.04
) |
– |
– |
(0.22
) |
(0.05
) |
Distributions
to shareholders from net realized gains |
– |
(2.14
) |
(1.97
) |
– |
(1.49
) |
Total
distributions |
(0.04
) |
(2.14
) |
(1.97
) |
(0.22
) |
(1.54
) |
Net
asset value, end of year |
$19.47 |
$17.87 |
$38.24 |
$39.28 |
$27.46 |
Total
Return(b) |
9.19
% |
(50.40
)% |
2.22
% |
44.01
% |
19.86
% |
Net
assets, end of year (in 000's) |
$262 |
$298 |
$636 |
$762 |
$226 |
Ratio
of net expenses to average net assets |
1.23
% |
1.22
% |
1.20
% |
1.22
% |
1.27
% |
Ratio
of total expenses to average net assets |
1.68
% |
1.56
% |
1.49
% |
1.86
% |
1.85
% |
Ratio
of net investment income (loss) to average net
assets |
0.37
% |
(0.20
)% |
(0.02
)% |
0.04
% |
0.35
% |
Portfolio
turnover rate(c)
|
73
% |
37
% |
46
% |
106
% |
20
% |
|
Goldman
Sachs China Equity Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$17.95 |
$38.37 |
$39.39 |
$27.54 |
$24.56 |
Net
investment income (loss)(a)
|
0.11 |
(0.05
) |
0.03 |
(0.02
) |
0.15 |
Net
realized and unrealized gain (loss) |
1.56 |
(18.23
) |
0.92 |
12.13 |
4.48 |
Total
from investment operations |
1.67 |
(18.28
) |
0.95 |
12.11 |
4.63 |
Distributions
to shareholders from net investment income |
(0.06
) |
– |
– |
(0.26
) |
(0.16
) |
Distributions
to shareholders from net realized gains |
– |
(2.14
) |
(1.97
) |
– |
(1.49
) |
Total
distributions |
(0.06
) |
(2.14
) |
(1.97
) |
(0.26
) |
(1.65
) |
Net
asset value, end of year |
$19.56 |
$17.95 |
$38.37 |
$39.39 |
$27.54 |
Total
Return(b) |
9.32
% |
(50.37
)% |
2.29
% |
44.15
% |
19.96
% |
Net
assets, end of year (in 000's) |
$659 |
$734 |
$1,389 |
$631 |
$432 |
Ratio
of net expenses to average net assets |
1.15
% |
1.14
% |
1.14
% |
1.14
% |
1.15
% |
Ratio
of total expenses to average net assets |
1.55
% |
1.43
% |
1.38
% |
1.71
% |
1.70
% |
Ratio
of net investment income (loss) to average net
assets |
0.51
% |
(0.18
)% |
0.08
% |
(0.07
)% |
0.57
% |
Portfolio
turnover rate(c)
|
73
% |
37
% |
46
% |
106
% |
20
% |
|
Goldman
Sachs Emerging Markets Equity Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$16.80 |
$28.53 |
$23.76 |
$20.35 |
$17.18 |
Net
investment income (loss)(a)
|
0.13 |
0.08 |
(0.02
) |
0.11 |
0.07 |
Net
realized and unrealized gain (loss) |
1.44 |
(11.63
) |
4.81 |
3.49 |
3.18 |
Total
from investment operations |
1.57 |
(11.55
) |
4.79 |
3.60 |
3.25 |
Distributions
to shareholders from net investment income |
– |
(0.18
) |
(0.02
) |
(0.19
) |
(0.08
) |
Net
asset value, end of year |
$18.37 |
$16.80 |
$28.53 |
$23.76 |
$20.35 |
Total
Return(b) |
9.35
% |
(40.71
)% |
20.11
% |
17.77
% |
19.03
% |
Net
assets, end of year (in 000's) |
$104,938 |
$165,155 |
$265,040 |
$247,765 |
$230,234 |
Ratio
of net expenses to average net assets |
1.33
% |
1.31
% |
1.34
% |
1.49
% |
1.55
% |
Ratio
of total expenses to average net assets |
1.48
% |
1.47
% |
1.48
% |
1.54
% |
1.58
% |
Ratio
of net investment income (loss) to average net
assets |
0.66
% |
0.37
% |
(0.08
)% |
0.51
% |
0.39
% |
Portfolio
turnover rate(c)
|
32
% |
51
% |
52
% |
31
% |
33
% |
|
Goldman
Sachs Emerging Markets Equity Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$14.80 |
$25.23 |
$21.16 |
$18.12 |
$15.34 |
Net
investment loss(a)
|
(0.01
) |
(0.07
) |
(0.21
) |
(0.06
) |
(0.06
) |
Net
realized and unrealized gain (loss) |
1.27 |
(10.28
) |
4.28 |
3.12 |
2.84 |
Total
from investment operations |
1.26 |
(10.35
) |
4.07 |
3.06 |
2.78 |
Distributions
to shareholders from net investment income |
– |
(0.08
) |
– |
(0.02
) |
– |
Net
asset value, end of year |
$16.06 |
$14.80 |
$25.23 |
$21.16 |
$18.12 |
Total
Return(b) |
8.51
% |
(41.14
)% |
19.23
% |
16.85
% |
18.12
% |
Net
assets, end of year (in 000's) |
$14,191 |
$18,128 |
$36,367 |
$23,425 |
$30,115 |
Ratio
of net expenses to average net assets |
2.08
% |
2.06
% |
2.09
% |
2.24
% |
2.30
% |
Ratio
of total expenses to average net assets |
2.23
% |
2.22
% |
2.23
% |
2.29
% |
2.33
% |
Ratio
of net investment loss to average net assets |
(0.07
)% |
(0.36
)% |
(0.81
)% |
(0.34
)% |
(0.33
)% |
Portfolio
turnover rate(c)
|
32
% |
51
% |
52
% |
31
% |
33
% |
|
Goldman
Sachs Emerging Markets Equity Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$18.07 |
$30.67 |
$25.54 |
$21.85 |
$18.43 |
Net
investment income(a)
|
0.21 |
0.17 |
0.07 |
0.21 |
0.17 |
Net
realized and unrealized gain (loss) |
1.53 |
(12.49
) |
5.15 |
3.73 |
3.40 |
Total
from investment operations |
1.74 |
(12.32
) |
5.22 |
3.94 |
3.57 |
Distributions
to shareholders from net investment income |
(0.04
) |
(0.28
) |
(0.09
) |
(0.25
) |
(0.15
) |
Net
asset value, end of year |
$19.77 |
$18.07 |
$30.67 |
$25.54 |
$21.85 |
Total
Return(b) |
9.65
% |
(40.52
)% |
20.51
% |
18.11
% |
19.51
% |
Net
assets, end of year (in 000's) |
$1,804,776 |
$1,798,319 |
$2,699,332 |
$1,479,859 |
$940,632 |
Ratio
of net expenses to average net assets |
1.03
% |
1.00
% |
1.03
% |
1.16
% |
1.17
% |
Ratio
of total expenses to average net assets |
1.12
% |
1.10
% |
1.11
% |
1.17
% |
1.19
% |
Ratio
of net investment income to average net assets |
1.00
% |
0.70
% |
0.24
% |
0.93
% |
0.84
% |
Portfolio
turnover rate(c)
|
32
% |
51
% |
52
% |
31
% |
33
% |
|
Goldman
Sachs Emerging Markets Equity Fund | ||||
|
Service
Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$16.17 |
$27.54 |
$22.97 |
$19.68 |
$16.60 |
Net
investment income (loss)(a)
|
0.09 |
0.04 |
(0.07
) |
0.07 |
0.06 |
Net
realized and unrealized gain (loss) |
1.38 |
(11.20
) |
4.64 |
3.38 |
3.06 |
Total
from investment operations |
1.47 |
(11.16
) |
4.57 |
3.45 |
3.12 |
Distributions
to shareholders from net investment income |
– |
(0.21
) |
– |
(0.16
) |
(0.04
) |
Net
asset value, end of year |
$17.64 |
$16.17 |
$27.54 |
$22.97 |
$19.68 |
Total
Return(b) |
9.09
% |
(40.80
)% |
19.90
% |
17.55
% |
18.85
% |
Net
assets, end of year (in 000's) |
$17,321 |
$19,903 |
$32,940 |
$26,329 |
$24,183 |
Ratio
of net expenses to average net assets |
1.53
% |
1.50
% |
1.53
% |
1.65
% |
1.67
% |
Ratio
of total expenses to average net assets |
1.62
% |
1.60
% |
1.61
% |
1.67
% |
1.69
% |
Ratio
of net investment income (loss) to average net
assets |
0.49
% |
0.19
% |
(0.26
)% |
0.35
% |
0.32
% |
Portfolio
turnover rate(c)
|
32
% |
51
% |
52
% |
31
% |
33
% |
|
Goldman
Sachs Emerging Markets Equity Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$17.92 |
$30.43 |
$25.33 |
$21.66 |
$18.28 |
Net
investment income(a)
|
0.19 |
0.17 |
0.06 |
0.16 |
0.12 |
Net
realized and unrealized gain (loss) |
1.53 |
(12.42
) |
5.11 |
3.73 |
3.38 |
Total
from investment operations |
1.72 |
(12.25
) |
5.17 |
3.89 |
3.50 |
Distributions
to shareholders from net investment income |
(0.02
) |
(0.26
) |
(0.07
) |
(0.22
) |
(0.12
) |
Net
asset value, end of year |
$19.62 |
$17.92 |
$30.43 |
$25.33 |
$21.66 |
Total
Return(b) |
9.60
% |
(40.56
)% |
20.43
% |
18.02
% |
19.31
% |
Net
assets, end of year (in 000's) |
$107,702 |
$140,457 |
$295,910 |
$147,386 |
$135,484 |
Ratio
of net expenses to average net assets |
1.08
% |
1.06
% |
1.08
% |
1.24
% |
1.30
% |
Ratio
of total expenses to average net assets |
1.23
% |
1.22
% |
1.23
% |
1.29
% |
1.33
% |
Ratio
of net investment income to average net assets |
0.93
% |
0.69
% |
0.20
% |
0.70
% |
0.58
% |
Portfolio
turnover rate(c)
|
32
% |
51
% |
52
% |
31
% |
33
% |
|
Goldman
Sachs Emerging Markets Equity Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$18.15 |
$30.81 |
$25.65 |
$21.94 |
$18.51 |
Net
investment income(a)
|
0.21 |
0.14 |
0.07 |
0.16 |
0.17 |
Net
realized and unrealized gain (loss) |
1.55 |
(12.52
) |
5.19 |
3.80 |
3.41 |
Total
from investment operations |
1.76 |
(12.38
) |
5.26 |
3.96 |
3.58 |
Distributions
to shareholders from net investment income |
(0.05
) |
(0.28
) |
(0.10
) |
(0.25
) |
(0.15
) |
Net
asset value, end of year |
$19.86 |
$18.15 |
$30.81 |
$25.65 |
$21.94 |
Total
Return(b) |
9.64
% |
(40.51
)% |
20.51
% |
18.13
% |
19.52
% |
Net
assets, end of year (in 000's) |
$112,783 |
$132,040 |
$141,786 |
$53,424 |
$25,387 |
Ratio
of net expenses to average net assets |
1.02
% |
0.99
% |
1.02
% |
1.15
% |
1.16
% |
Ratio
of total expenses to average net assets |
1.11
% |
1.09
% |
1.10
% |
1.16
% |
1.18
% |
Ratio
of net investment income to average net assets |
1.00
% |
0.59
% |
0.22
% |
0.71
% |
0.82
% |
Portfolio
turnover rate(c)
|
32
% |
51
% |
52
% |
31
% |
33
% |
|
Goldman
Sachs
Emerging
Markets
Equity
ex. China
Fund |
|
Class
A Shares |
|
Period
Ended
October
31, 2023(a)
|
Per
Share Data | |
Net
asset value, beginning of period |
$10.00 |
Net
investment income(b)
|
0.10 |
Net
realized and unrealized loss |
(0.08
) |
Total
from investment operations |
0.02 |
Distributions
to shareholders from net investment income |
(0.03
) |
Net
asset value, end of period |
$9.99 |
Total
Return(c) |
0.17
% |
Net
assets, end of period (in 000's) |
$58 |
Ratio
of net expenses to average net assets |
1.41
%(d) |
Ratio
of total expenses to average net assets |
10.78
%(d) |
Ratio
of net investment income to average net assets |
1.03
%(d) |
Portfolio
turnover rate(e)
|
26
% |
|
Goldman
Sachs
Emerging
Markets
Equity
ex. China
Fund |
|
Class
C Shares |
|
Period
Ended
October
31, 2023(a)
|
Per
Share Data | |
Net
asset value, beginning of period |
$10.00 |
Net
investment income(b)
|
0.02 |
Net
realized and unrealized loss |
(0.06
) |
Total
from investment operations |
(0.04
) |
Distributions
to shareholders from net investment income |
(0.03
) |
Net
asset value, end of period |
$9.93 |
Total
Return(c) |
(0.54
)% |
Net
assets, end of period (in 000's) |
$50 |
Ratio
of net expenses to average net assets |
2.21
%(d) |
Ratio
of total expenses to average net assets |
11.66
%(d) |
Ratio
of net investment income to average net assets |
0.25
%(d) |
Portfolio
turnover rate(e)
|
26
% |
|
Goldman
Sachs
Emerging
Markets
Equity
ex. China
Fund |
|
Institutional
Shares |
|
Period
Ended
October
31, 2023(a)
|
Per
Share Data | |
Net
asset value, beginning of period |
$10.00 |
Net
investment income(b)
|
0.13 |
Net
realized and unrealized loss |
(0.07
) |
Total
from investment operations |
0.06 |
Distributions
to shareholders from net investment income |
(0.03
) |
Net
asset value, end of period |
$10.03 |
Total
Return(c) |
0.46
% |
Net
assets, end of period (in 000's) |
$5,056 |
Ratio
of net expenses to average net assets |
1.05
%(d) |
Ratio
of total expenses to average net assets |
10.46
%(d) |
Ratio
of net investment income to average net assets |
1.41
%(d) |
Portfolio
turnover rate(e)
|
26
% |
|
Goldman
Sachs
Emerging
Markets
Equity
ex. China
Fund |
|
Investor
Shares |
|
Period
Ended
October
31, 2023(a)
|
Per
Share Data | |
Net
asset value, beginning of period |
$10.00 |
Net
investment income(b)
|
0.12 |
Net
realized and unrealized loss |
(0.09
) |
Total
from investment operations |
0.03 |
Distributions
to shareholders from net investment income |
(0.02
) |
Net
asset value, end of period |
$10.01 |
Total
Return(c) |
0.33
% |
Net
assets, end of period (in 000's) |
$50 |
Ratio
of net expenses to average net assets |
1.17
%(d) |
Ratio
of total expenses to average net assets |
10.62
%(d) |
Ratio
of net investment income to average net assets |
1.29
%(d) |
Portfolio
turnover rate(e)
|
26
% |
|
Goldman
Sachs
Emerging
Markets
Equity
ex. China
Fund |
|
Class
R6 Shares |
|
Period
Ended
October
31, 2023(a)
|
Per
Share Data | |
Net
asset value, beginning of period |
$10.00 |
Net
investment income(b)
|
0.13 |
Net
realized and unrealized loss |
(0.07
) |
Total
from investment operations |
0.06 |
Distributions
to shareholders from net investment income |
(0.03
) |
Net
asset value, end of period |
$10.03 |
Total
Return(c) |
0.48
% |
Net
assets, end of period (in 000's) |
$50 |
Ratio
of net expenses to average net assets |
1.04
%(d) |
Ratio
of total expenses to average net assets |
10.49
%(d) |
Ratio
of net investment income to average net assets |
1.42
%(d) |
Portfolio
turnover rate(e)
|
26
% |
|
Goldman
Sachs
Emerging
Markets
Equity
ex. China
Fund |
|
Class
R Shares |
|
Period
Ended
October
31, 2023(a)
|
Per
Share Data | |
Net
asset value, beginning of period |
$10.00 |
Net
investment income(b)
|
0.07 |
Net
realized and unrealized loss |
(0.07
) |
Total
from investment operations |
–
(c) |
Distributions
to shareholders from net investment income |
(0.03
) |
Net
asset value, end of period |
$9.97 |
Total
Return(d) |
(0.03
)% |
Net
assets, end of period (in 000's) |
$50 |
Ratio
of net expenses to average net assets |
1.67
%(e) |
Ratio
of total expenses to average net assets |
11.12
%(e) |
Ratio
of net investment income to average net assets |
0.79
%(e) |
Portfolio
turnover rate(f)
|
26
% |
|
Goldman
Sachs ESG Emerging Markets Equity Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$7.84 |
$14.02 |
$11.73 |
$9.95 |
$8.40 |
Net
investment income (loss)(a)
|
0.06 |
0.04 |
(0.02
) |
–
(b) |
0.04 |
Net
realized and unrealized gain (loss) |
0.55 |
(5.28
) |
2.31 |
1.84 |
1.53 |
Total
from investment operations |
0.61 |
(5.24
) |
2.29 |
1.84 |
1.57 |
Distributions
to shareholders from net investment income |
–
(b) |
(0.04
) |
– |
(0.06
) |
(0.02
) |
Distributions
to shareholders from net realized gains |
– |
(0.90
) |
– |
– |
– |
Total
distributions |
–
(b) |
(0.94
) |
– |
(0.06
) |
(0.02
) |
Net
asset value, end of year |
$8.45 |
$7.84 |
$14.02 |
$11.73 |
$9.95 |
Total
Return(c) |
7.79
% |
(39.89
)% |
19.52
% |
18.46
% |
18.74
% |
Net
assets, end of year (in 000's) |
$1,841 |
$1,979 |
$4,072 |
$92 |
$50 |
Ratio
of net expenses to average net assets |
1.41
% |
1.44
% |
1.47
% |
1.49
% |
1.60
% |
Ratio
of total expenses to average net assets |
3.04
% |
2.89
% |
3.64
% |
6.33
% |
7.73
% |
Ratio
of net investment income (loss) to average net
assets |
0.62
% |
0.39
% |
(0.17
)% |
0.02
% |
0.44
% |
Portfolio
turnover rate(d)
|
54
% |
65
% |
116
% |
28
% |
57
% |
|
Goldman
Sachs ESG Emerging Markets Equity Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$7.66 |
$13.77 |
$11.61 |
$9.87 |
$8.37 |
Net
investment loss(a)
|
(0.01
) |
(0.07
) |
(0.14
) |
(0.09
) |
(0.03
) |
Net
realized and unrealized gain (loss) |
0.54 |
(5.14
) |
2.30 |
1.83 |
1.53 |
Total
from investment operations |
0.53 |
(5.21
) |
2.16 |
1.74 |
1.50 |
Distributions
to shareholders from net realized gains |
– |
(0.90
) |
– |
– |
– |
Net
asset value, end of year |
$8.19 |
$7.66 |
$13.77 |
$11.61 |
$9.87 |
Total
Return(b) |
6.92
% |
(40.29
)% |
18.60
% |
17.58
% |
17.92
% |
Net
assets, end of year (in 000's) |
$74 |
$117 |
$137 |
$58 |
$49 |
Ratio
of net expenses to average net assets |
2.16
% |
2.19
% |
2.20
% |
2.24
% |
2.35
% |
Ratio
of total expenses to average net assets |
3.80
% |
3.65
% |
3.64
% |
6.94
% |
8.49
% |
Ratio
of net investment loss to average net assets |
(0.07
)% |
(0.64
)% |
(0.96
)% |
(0.84
)% |
(0.31
)% |
Portfolio
turnover rate(c)
|
54
% |
65
% |
116
% |
28
% |
57
% |
|
Goldman
Sachs ESG Emerging Markets Equity Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$7.87 |
$14.06 |
$11.77 |
$9.98 |
$8.41 |
Net
investment income(a)
|
0.08 |
0.09 |
0.01 |
0.03 |
0.08 |
Net
realized and unrealized gain (loss) |
0.57 |
(5.31
) |
2.32 |
1.85 |
1.53 |
Total
from investment operations |
0.65 |
(5.22
) |
2.33 |
1.88 |
1.61 |
Distributions
to shareholders from net investment income |
(0.04
) |
(0.07
) |
(0.04
) |
(0.09
) |
(0.04
) |
Distributions
to shareholders from net realized gains |
– |
(0.90
) |
– |
– |
– |
Total
distributions |
(0.04
) |
(0.97
) |
(0.04
) |
(0.09
) |
(0.04
) |
Net
asset value, end of year |
$8.48 |
$7.87 |
$14.06 |
$11.77 |
$9.98 |
Total
Return(b) |
8.20
% |
(39.66
)% |
19.81
% |
18.91
% |
19.26
% |
Net
assets, end of year (in 000's) |
$16,404 |
$10,245 |
$5,008 |
$8,631 |
$6,912 |
Ratio
of net expenses to average net assets |
1.08
% |
1.10
% |
1.14
% |
1.14
% |
1.21
% |
Ratio
of total expenses to average net assets |
2.65
% |
2.27
% |
3.16
% |
5.83
% |
7.31
% |
Ratio
of net investment income to average net assets |
0.90
% |
0.86
% |
0.06
% |
0.26
% |
0.85
% |
Portfolio
turnover rate(c)
|
54
% |
65
% |
116
% |
28
% |
57
% |
|
Goldman
Sachs ESG Emerging Markets Equity Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$7.87 |
$14.06 |
$11.76 |
$9.97 |
$8.41 |
Net
investment income(a)
|
0.08 |
0.06 |
0.01 |
0.02 |
0.06 |
Net
realized and unrealized gain (loss) |
0.55 |
(5.28
) |
2.32 |
1.85 |
1.53 |
Total
from investment operations |
0.63 |
(5.22
) |
2.33 |
1.87 |
1.59 |
Distributions
to shareholders from net investment income |
(0.03
) |
(0.07
) |
(0.03
) |
(0.08
) |
(0.03
) |
Distributions
to shareholders from net realized gains |
– |
(0.90
) |
– |
– |
– |
Total
distributions |
(0.03
) |
(0.97
) |
(0.03
) |
(0.08
) |
(0.03
) |
Net
asset value, end of year |
$8.47 |
$7.87 |
$14.06 |
$11.76 |
$9.97 |
Total
Return(b) |
8.00
% |
(39.70
)% |
19.82
% |
18.79
% |
19.03
% |
Net
assets, end of year (in 000's) |
$503 |
$829 |
$1,088 |
$59 |
$50 |
Ratio
of net expenses to average net assets |
1.16
% |
1.19
% |
1.22
% |
1.24
% |
1.35
% |
Ratio
of total expenses to average net assets |
2.75
% |
2.64
% |
3.33
% |
5.94
% |
7.49
% |
Ratio
of net investment income to average net assets |
0.93
% |
0.61
% |
0.08
% |
0.15
% |
0.69
% |
Portfolio
turnover rate(c)
|
54
% |
65
% |
116
% |
28
% |
57
% |
|
Goldman
Sachs ESG Emerging Markets Equity Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$7.87 |
$14.07 |
$11.77 |
$9.98 |
$8.41 |
Net
investment income(a)
|
0.09 |
0.11 |
0.02 |
0.03 |
0.08 |
Net
realized and unrealized gain (loss) |
0.56 |
(5.33
) |
2.32 |
1.85 |
1.53 |
Total
from investment operations |
0.65 |
(5.22
) |
2.34 |
1.88 |
1.61 |
Distributions
to shareholders from net investment income |
(0.03
) |
(0.08
) |
(0.04
) |
(0.09
) |
(0.04
) |
Distributions
to shareholders from net realized gains |
– |
(0.90
) |
– |
– |
– |
Total
distributions |
(0.03
) |
(0.98
) |
(0.04
) |
(0.09
) |
(0.04
) |
Net
asset value, end of year |
$8.49 |
$7.87 |
$14.07 |
$11.77 |
$9.98 |
Total
Return(b) |
8.19
% |
(39.69
)% |
19.90
% |
18.92
% |
19.26
% |
Net
assets, end of year (in 000's) |
$19 |
$57 |
$17 |
$65 |
$50 |
Ratio
of net expenses to average net assets |
1.08
% |
1.09
% |
1.13
% |
1.13
% |
1.20
% |
Ratio
of total expenses to average net assets |
3.00
% |
2.05
% |
3.00
% |
5.84
% |
7.34
% |
Ratio
of net investment income to average net assets |
0.97
% |
1.09
% |
0.13
% |
0.26
% |
0.84
% |
Portfolio
turnover rate(c)
|
54
% |
65
% |
116
% |
28
% |
57
% |
|
Goldman
Sachs ESG Emerging Markets Equity Fund | ||||
|
Class
R Shares | ||||
|
Year
Ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$7.78 |
$13.92 |
$11.68 |
$9.94 |
$8.39 |
Net
investment income (loss)(a)
|
0.04 |
0.02 |
(0.07
) |
(0.03
) |
0.01 |
Net
realized and unrealized gain (loss) |
0.55 |
(5.25
) |
2.31 |
1.83 |
1.55 |
Total
from investment operations |
0.59 |
(5.23
) |
2.24 |
1.80 |
1.56 |
Distributions
to shareholders from net investment income |
– |
(0.01
) |
– |
(0.06
) |
(0.01
) |
Distributions
to shareholders from net realized gains |
– |
(0.90
) |
– |
– |
– |
Total
distributions |
– |
(0.91
) |
– |
(0.06
) |
(0.01
) |
Net
asset value, end of year |
$8.37 |
$7.78 |
$13.92 |
$11.68 |
$9.94 |
Total
Return(b) |
7.58
% |
(40.03
)% |
19.18
% |
18.11
% |
18.57
% |
Net
assets, end of year (in 000's) |
$214 |
$199 |
$267 |
$255 |
$167 |
Ratio
of net expenses to average net assets |
1.65
% |
1.69
% |
1.72
% |
1.74
% |
1.92
% |
Ratio
of total expenses to average net assets |
3.29
% |
3.10
% |
4.12
% |
6.53
% |
7.68
% |
Ratio
of net investment income (loss) to average net
assets |
0.39
% |
0.15
% |
(0.47
)% |
(0.34
)% |
0.06
% |
Portfolio
turnover rate(c)
|
54
% |
65
% |
116
% |
28
% |
57
% |
MERRILL
LYNCH |
AMERIPRISE
FINANCIAL |
MORGAN
STANLEY WEALTH MANAGEMENT |
RAYMOND
JAMES & ASSOCIATES, INC., RAYMOND JAMES FINANCIAL SERVICES, INC. AND
EACH ENTITY’S AFFILIATES
(“RAYMOND
JAMES”) |
J.P.
MORGAN SECURITIES LLC |
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
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 |
|