AN
INVESTMENT IN A FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN A FUND
INVOLVES
INVESTMENT
RISKS, AND YOU MAY LOSE MONEY IN A
FUND. |
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R6 |
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering
price) |
|
|
|
|
|
Maximum
Deferred Sales Charge (Load) (as a percentage of the lower of original
purchase
price or sale proceeds)1
|
|
|
|
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
Fee
Waiver and Expense Limitation2 |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and Expense
Limitation |
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Investor
Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Class
A Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Class
C Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Institutional
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
MSCI
EAFE Index (Net, USD, Unhedged; reflects no deduction for fees or
expenses) |
|
|
|
|
Bloomberg
Global Aggregate Bond Index (Gross, USD, Unhedged; reflects no deduction
for fees,
expenses
or taxes)*** |
|
- |
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
A |
Class
C |
Institutional |
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 |
10
Years |
Inception
Date | |
Class
A Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Class
C Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Institutional
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
MSCI
EAFE 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 |
|
|
|
|
|
|
Shareholder
Administration Fees |
|
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
|
Fee
Waiver2 |
( |
( |
|
|
( |
|
Total
Annual Fund Operating Expenses After Fee Waiver and
Expense
Limitation |
|
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Service
Shares |
$ |
$ |
$ |
$ |
Investor
Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Class
A Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Class
C Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Institutional
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Service
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Russell
3000®
Index (reflects no deduction for fees or expenses) |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R6 |
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering
price) |
|
|
|
|
|
Maximum
Deferred Sales Charge (Load) (as a percentage of the lower of original
purchase
price or sale proceeds)1
|
|
|
|
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R6 |
Management
Fees |
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
Other
Expenses |
|
|
|
|
|
Service
Fees |
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
Fee
Waiver and Expense Limitation2 |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and Expense
Limitation3 |
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Investor
Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Class
A Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Returns
After Taxes on Distributions |
|
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
Class
C Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Institutional
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
|
|
|
|
S&P
500®
Index (reflects no deduction for fees or expenses) |
|
|
|
|
Bloomberg
U.S. Aggregate Bond Index (reflects no deduction for fees or
expenses)*** |
|
|
|
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVES |
PRINCIPAL
INVESTMENT STRATEGIES |
ADDITIONAL
FEES AND EXPENSES INFORMATION |
ADDITIONAL
PERFORMANCE INFORMATION |
OTHER
INVESTMENT PRACTICES AND
SECURITIES |
10
Percent of total assets (including securities lending collateral) (italic
type)
10
Percent of net assets (excluding borrowings for investment purposes)
(roman type)
•
No specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund
— Not
permitted |
International
Equity
Dividend
and
Premium
Fund |
International
Tax-Managed
Equity
Fund |
U.S.
Tax-Managed
Equity
Fund |
U.S.
Equity
Dividend
and
Premium
Fund |
Investment
Practices |
|
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Credit,
Currency, Index, Interest Rate, Total Return and Mortgage Swaps and
Options on
Swaps |
• |
• |
— |
— |
Cross
Hedging of Currencies |
• |
• |
— |
— |
Custodial
Receipts and Trust Certificates |
• |
• |
• |
• |
Equity
Swaps |
• |
• |
• |
• |
Foreign
Currency Transactions (including forward contracts)* |
• |
• |
— |
— |
Futures
Contracts and Options and Swaps on Futures Contracts |
• |
• |
•3
|
•3
|
Illiquid
Investments** |
15 |
15 |
15 |
15 |
Interest
Rate Caps, Floors and Collars |
• |
• |
• |
— |
Investment
Company Securities (including ETFs)*** |
10 |
10 |
10 |
10 |
Mortgage
Dollar Rolls |
— |
• |
— |
— |
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— Not
permitted |
International
Equity
Dividend
and
Premium
Fund |
International
Tax-Managed
Equity
Fund |
U.S.
Tax-Managed
Equity
Fund |
U.S.
Equity
Dividend
and
Premium
Fund |
Investment
Securities |
|
|
|
|
American,
European and Global Depositary Receipts |
• |
• |
•1
|
•1
|
Bank
Obligations2
|
• |
• |
• |
• |
Convertible
Securities3
|
• |
• |
• |
• |
Corporate
Debt Obligations2
|
• |
• |
• |
• |
Equity
Investments |
80+ |
80+ |
80+ |
80+ |
Emerging
Country Securities |
• |
• |
— |
— |
Fixed
Income Securities2
|
20 |
20 |
20 |
20 |
Foreign
Securities |
• |
• |
•4
|
•4
|
Real
Estate Investment Trusts |
• |
• |
• |
• |
Structured
Securities2,5
|
• |
• |
• |
• |
Temporary
Investments |
• |
• |
35 |
35 |
U.S.
Government Securities2
|
• |
• |
• |
• |
✓ Principal
Risk
• Additional
Risk |
International
Equity
Dividend
and
Premium
Fund |
International
Tax-Managed
Equity
Fund |
U.S.
Tax-Managed
Equity
Fund |
U.S.
Equity
Dividend
and
Premium
Fund |
Asian
Investment |
• |
• |
|
|
Credit/Default |
• |
• |
• |
• |
Cybersecurity |
• |
• |
• |
• |
Derivatives |
• |
• |
• |
• |
Dividend-Paying
Investments Risk |
✓ |
|
|
✓ |
Emerging
Countries |
• |
• |
|
|
ESG
Integration Risk |
|
• |
• |
|
Foreign |
✓ |
✓ |
• |
• |
Investment
Style |
✓ |
✓ |
✓ |
✓ |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
✓ |
Liquidity |
• |
• |
• |
• |
Management |
✓ |
✓ |
✓ |
✓ |
Market |
✓ |
✓ |
✓ |
✓ |
Mid-Cap
and Small-Cap |
• |
• |
• |
• |
Net
Asset Value (“NAV”) |
• |
• |
• |
• |
Option
Writing |
✓ |
|
|
✓ |
Portfolio
Turnover Rate |
|
✓ |
✓ |
|
Stock |
✓ |
✓ |
✓ |
✓ |
Tax-Managed
Investment |
✓ |
✓ |
✓ |
✓ |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
International
Equity Dividend and Premium
International
Tax-Managed Equity
U.S.
Tax-Managed Equity
U.S.
Equity Dividend and Premium |
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* |
International
Equity Dividend and Premium |
0.81% |
First $1
billion |
0.81% |
|
0.73% |
Next $1
billion |
|
|
0.69% |
Next $3
billion |
|
|
0.68% |
Next $3
billion |
|
|
0.67% |
Over $8
billion |
|
International
Tax-Managed Equity |
0.85% |
First $1
billion |
0.85% |
|
0.77% |
Next $1
billion |
|
|
0.73% |
Next $3
billion |
|
|
0.72% |
Next $3
billion |
|
|
0.71% |
Over $8
billion |
|
U.S.
Tax-Managed Equity |
0.70% |
First $1
billion |
0.65% |
|
0.63% |
Next $1
billion |
|
|
0.60% |
Next $3
billion |
|
|
0.59% |
Next $3
billion |
|
|
0.58% |
Over $8
billion |
|
U.S.
Equity Dividend and Premium |
0.75% |
First $1
billion |
0.64% |
|
0.68% |
Next $1
billion |
|
|
0.65% |
Next $3
billion |
|
|
0.64% |
Next $3
billion |
|
|
0.63% |
Over $8
billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible |
Five
Year Employment History |
John
Sienkiewicz
Managing
Director |
Portfolio
Manager—
International
Equity
Dividend
and Premium International Tax-Managed Equity
U.S.
Tax-Managed Equity
U.S.
Equity Dividend and Premium |
Since
2020
2020
2020
2020 |
John
Sienkiewicz joined the Investment Adviser in
2009. |
Osman
Ali, CFA
Managing
Director |
Portfolio
Manager—
International
Tax-Managed Equity
U.S.
Tax-Managed Equity |
Since
2014
2014 |
Mr.
Ali joined the Investment Adviser as an analyst
in
2005 and has been a portfolio manager since
2009. |
Monali
Vora, CFA
Managing
Director |
Portfolio
Manager—
International
Equity
Dividend
and Premium International Tax-Managed Equity
U.S.
Tax-Managed Equity
U.S.
Equity Dividend and Premium |
Since
2010
2010
2010
2010 |
Ms.
Vora is a member of the Customized Beta
Strategies
team. Prior to working in the
Customized
Beta Strategies team, she spent six
years
as a member of the QIS Equity Portfolio
team.
She joined the Investment Adviser in 2000. |
Aron
Kershner
Managing
Director |
Portfolio
Manager—
International
Equity Dividend and Premium
U.S.
Equity Dividend and Premium |
Since
2015
2015 |
Mr.
Kershner is a portfolio manager on the QIS
team
and joined the Investment Adviser in 2005. |
Len
Ioffe
Managing
Director |
Portfolio
Manager—
International
Tax-Managed Equity
U.S.
Tax-Managed Equity |
Since
2021
2021 |
Mr.
Ioffe joined the Investment Adviser as an
associate
in 1995 and has been a portfolio
manager
since 1996. |
Dennis
Walsh
Managing
Director |
Portfolio
Manager—
International
Tax-Managed Equity
U.S.
Tax-Managed Equity |
Since
2021
2021 |
Mr.
Walsh joined the Investment Adviser as an
associate
in 2009 and has been a portfolio
manager
since 2012. |
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 |
International
Equity Dividend and Premium |
Quarterly |
Annually |
International
Tax-Managed Equity |
Annually |
Annually |
U.S.
Tax-Managed Equity |
Annually |
Annually |
U.S.
Equity Dividend and Premium |
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 International Equity Dividend and Premium
Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$6.55 |
$7.59 |
$7.16 |
$7.28 |
$6.55 | |||||
Net
investment income(a) |
0.24
(b) |
0.24 |
0.21 |
0.15 |
0.20 | |||||
Net
realized and unrealized gain (loss) |
0.77 |
(1.02
) |
0.42 |
(0.11
) |
0.73 | |||||
Total
from investment operations |
1.01 |
(0.78
) |
0.63 |
0.04 |
0.93 | |||||
Distributions
to shareholders from net investment income |
(0.23
) |
(0.23
) |
(0.20
) |
(0.16
) |
(0.20
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.03
) |
— |
—
(c) |
— | |||||
Total
distributions |
(0.23
) |
(0.26
) |
(0.20
) |
(0.16
) |
(0.20
) | |||||
Net
asset value, end of period |
$7.33 |
$6.55 |
$7.59 |
$7.16 |
$7.28 | |||||
Total
return(d) |
15.91
% |
(10.29
)% |
8.94
% |
0.93
% |
14.42
% | |||||
Net
assets, end of period (in 000s) |
$1,667 |
$1,576 |
$2,170 |
$2,050 |
$2,424 | |||||
Ratio
of net expenses to average net assets |
1.21
% |
1.23
% |
1.23
% |
1.27
% |
1.33
% | |||||
Ratio
of total expenses to average net assets |
1.43
% |
1.58
% |
1.39
% |
1.48
% |
1.44
% | |||||
Ratio
of net investment income to average net assets |
3.45
% |
3.63
% |
2.85
% |
2.39
% |
2.86
% | |||||
Portfolio
turnover rate(e) |
18
% |
26
% |
17
% |
34
% |
9
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Reflects
income recognized from withholding tax reclaims which amounted to $0.01
per share and 0.20% of average net assets. |
(c) |
Amount
is less than $0.005 per share. |
(d) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs International Equity Dividend and Premium
Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$6.30 |
$7.32 |
$6.90 |
$7.02 |
$6.32 | |||||
Net
investment income(a) |
0.19
(b) |
0.18 |
0.14 |
0.10 |
0.14 | |||||
Net
realized and unrealized gain (loss) |
0.73 |
(0.98
) |
0.42 |
(0.11
) |
0.71 | |||||
Total
from investment operations |
0.92 |
(0.80
) |
0.56 |
(0.01
) |
0.85 | |||||
Distributions
to shareholders from net investment income |
(0.18
) |
(0.20
) |
(0.14
) |
(0.11
) |
(0.15
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.02
) |
— |
—
(c) |
— | |||||
Total
distributions |
(0.18
) |
(0.22
) |
(0.14
) |
(0.11
) |
(0.15
) | |||||
Net
asset value, end of period |
$7.04 |
$6.30 |
$7.32 |
$6.90 |
$7.02 | |||||
Total
return(d) |
14.99
% |
(10.99
)% |
8.22
% |
0.18
% |
13.54
% | |||||
Net
assets, end of period (in 000s) |
$180 |
$206 |
$362 |
$621 |
$815 | |||||
Ratio
of net expenses to average net assets |
1.96
% |
1.98
% |
1.98
% |
2.02
% |
2.08
% | |||||
Ratio
of total expenses to average net assets |
2.18
% |
2.33
% |
2.16
% |
2.23
% |
2.19
% | |||||
Ratio
of net investment income to average net assets |
2.85
% |
2.77
% |
1.91
% |
1.63
% |
2.11
% | |||||
Portfolio
turnover rate(e) |
18
% |
26
% |
17
% |
34
% |
9
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Reflects
income recognized from withholding tax reclaims which amounted to $0.01
per share and 0.20% of average net assets. |
(c) |
Amount
is less than $0.005 per share. |
(d) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs International Equity Dividend and Premium
Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$6.41 |
$7.43 |
$7.01 |
$7.14 |
$6.42 | |||||
Net
investment income(a) |
0.25
(b) |
0.25 |
0.24 |
0.16 |
0.22 | |||||
Net
realized and unrealized gain (loss) |
0.75 |
(1.00
) |
0.41 |
(0.10
) |
0.73 | |||||
Total
from investment operations |
1.00 |
(0.75
) |
0.65 |
0.06 |
0.95 | |||||
Distributions
to shareholders from net investment income |
(0.25
) |
(0.24
) |
(0.23
) |
(0.19
) |
(0.23
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.03
) |
— |
—
(c) |
— | |||||
Total
distributions |
(0.25
) |
(0.27
) |
(0.23
) |
(0.19
) |
(0.23
) | |||||
Net
asset value, end of period |
$7.16 |
$6.41 |
$7.43 |
$7.01 |
$7.14 | |||||
Total
return(d) |
16.15
% |
(9.99
)% |
9.38
% |
1.18
% |
14.82
% | |||||
Net
assets, end of period (in 000s) |
$4,248 |
$3,391 |
$4,417 |
$4,897 |
$12,005 | |||||
Ratio
of net expenses to average net assets |
0.89
% |
0.89
% |
0.89
% |
0.92
% |
0.95
% | |||||
Ratio
of total expenses to average net assets |
1.06
% |
1.21
% |
1.04
% |
1.10
% |
1.06
% | |||||
Ratio
of net investment income to average net assets |
3.71
% |
3.90
% |
3.19
% |
2.51
% |
3.28
% | |||||
Portfolio
turnover rate(e) |
18
% |
26
% |
17
% |
34
% |
9
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Reflects
income recognized from withholding tax reclaims which amounted to $0.01
per share and 0.20% of average net assets. |
(c) |
Amount
is less than $0.005 per share. |
(d) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs International Equity Dividend and Premium
Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$6.39 |
$7.41 |
$7.00 |
$7.12 |
$6.41 | |||||
Net
investment income(a) |
0.26
(b) |
0.25 |
0.23 |
0.15 |
0.21 | |||||
Net
realized and unrealized gain (loss) |
0.74 |
(1.00
) |
0.40 |
(0.09
) |
0.72 | |||||
Total
from investment operations |
1.00 |
(0.75
) |
0.63 |
0.06 |
0.93 | |||||
Distributions
to shareholders from net investment income |
(0.25
) |
(0.24
) |
(0.22
) |
(0.18
) |
(0.22
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.03
) |
— |
—
(c) |
— | |||||
Total
distributions |
(0.25
) |
(0.27
) |
(0.22
) |
(0.18
) |
(0.22
) | |||||
Net
asset value, end of period |
$7.14 |
$6.39 |
$7.41 |
$7.00 |
$7.12 | |||||
Total
return(d) |
16.13
% |
(10.09
)% |
9.15
% |
1.20
% |
14.71
% | |||||
Net
assets, end of period (in 000s) |
$1,296 |
$1,362 |
$5,313 |
$4,288 |
$8,915 | |||||
Ratio
of net expenses to average net assets |
0.96
% |
0.98
% |
0.98
% |
1.03
% |
1.08
% | |||||
Ratio
of total expenses to average net assets |
1.18
% |
1.33
% |
1.14
% |
1.23
% |
1.19
% | |||||
Ratio
of net investment income to average net assets |
3.82
% |
3.81
% |
3.09
% |
2.39
% |
3.14
% | |||||
Portfolio
turnover rate(e) |
18
% |
26
% |
17
% |
34
% |
9
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Reflects
income recognized from withholding tax reclaims which amounted to $0.01
per share and 0.20% of average net assets. |
(c) |
Amount
is less than $0.005 per share. |
(d) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs International Equity Dividend and Premium
Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$6.41 |
$7.43 |
$7.01 |
$7.13 |
$6.42 | |||||
Net
investment income(a) |
0.25
(b) |
0.25 |
0.23 |
0.17 |
0.22 | |||||
Net
realized and unrealized gain (loss) |
0.76 |
(1.00
) |
0.42 |
(0.10
) |
0.72 | |||||
Total
from investment operations |
1.01 |
(0.75
) |
0.65 |
0.07 |
0.94 | |||||
Distributions
to shareholders from net investment income |
(0.26
) |
(0.24
) |
(0.23
) |
(0.19
) |
(0.23
) | |||||
Distributions
to shareholders from return of capital |
— |
(0.03
) |
— |
—
(c) |
— | |||||
Total
distributions |
(0.26
) |
(0.27
) |
(0.23
) |
(0.19
) |
(0.23
) | |||||
Net
asset value, end of period |
$7.16 |
$6.41 |
$7.43 |
$7.01 |
$7.13 | |||||
Total
return(d) |
16.17
% |
(9.99
)% |
9.38
% |
1.34
% |
14.85
% | |||||
Net
assets, end of period (in 000s) |
$76,462 |
$68,864 |
$91,208 |
$102,041 |
$136,241 | |||||
Ratio
of net expenses to average net assets |
0.88
% |
0.88
% |
0.88
% |
0.90
% |
0.94
% | |||||
Ratio
of total expenses to average net assets |
1.05
% |
1.20
% |
1.02
% |
1.10
% |
1.05
% | |||||
Ratio
of net investment income to average net assets |
3.77
% |
3.90
% |
3.14
% |
2.70
% |
3.23
% | |||||
Portfolio
turnover rate(e) |
18
% |
26
% |
17
% |
34
% |
9
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Reflects
income recognized from withholding tax reclaims which amounted to $0.01
per share and 0.20% of average net assets. |
(c) |
Amount
is less than $0.005 per share. |
(d) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(e) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs International Tax-Managed Equity Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.07 |
$12.28 |
$11.32 |
$10.43 |
$8.93 |
Net
investment income(a) |
0.24
(b),(c) |
0.29 |
0.28 |
0.10 |
0.18 |
Net
realized and unrealized gain (loss) |
1.76 |
(2.18
) |
1.07 |
0.92 |
1.49 |
Total
from investment operations |
2.00 |
(1.89
) |
1.35 |
1.02 |
1.67 |
Distributions
to shareholders from net investment income |
(0.23
) |
(0.32
) |
(0.39
) |
(0.13
) |
(0.17
) |
Net
asset value, end of year |
$11.84 |
$10.07 |
$12.28 |
$11.32 |
$10.43 |
Total
Return(d) |
19.96
% |
(15.36
)% |
12.02
% |
9.75
% |
18.66
% |
Net
assets, end of year (in 000’s) |
$4,852 |
$5,139 |
$7,235 |
$6,662 |
$8,419 |
Ratio
of net expenses to average net assets |
1.22
% |
1.22
% |
1.22
% |
1.23
% |
1.25
% |
Ratio
of total expenses to average net assets |
1.35
% |
1.32
% |
1.33
% |
1.36
% |
1.37
% |
Ratio
of net investment income to average net assets |
2.15
%(b),(c) |
2.74
% |
2.33
% |
1.07
% |
1.81
% |
Portfolio
turnover rate(e) |
132
% |
226
% |
162
% |
177
% |
231
% |
|
Goldman
Sachs International Tax-Managed Equity Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$9.87 |
$12.03 |
$11.04 |
$10.18 |
$8.68 |
Net
investment income(a) |
0.16
(b),(c) |
0.21 |
0.20 |
0.03 |
0.12 |
Net
realized and unrealized gain (loss) |
1.72 |
(2.13
) |
1.03 |
0.88 |
1.42 |
Total
from investment operations |
1.88 |
(1.92
) |
1.23 |
0.91 |
1.54 |
Distributions
to shareholders from net investment income |
(0.15
) |
(0.24
) |
(0.24
) |
(0.05
) |
(0.04
) |
Net
asset value, end of year |
$11.60 |
$9.87 |
$12.03 |
$11.04 |
$10.18 |
Total
Return(d) |
18.98
% |
(15.96
)% |
11.19
% |
8.89
% |
17.74
% |
Net
assets, end of year (in 000’s) |
$696 |
$728 |
$1,009 |
$1,060 |
$1,308 |
Ratio
of net expenses to average net assets |
1.97
% |
1.97
% |
1.96
% |
1.98
% |
2.01
% |
Ratio
of total expenses to average net assets |
2.10
% |
2.07
% |
2.07
% |
2.11
% |
2.12
% |
Ratio
of net investment income to average net assets |
1.46
%(b),(c) |
2.01
% |
1.59
% |
0.33
% |
1.25
% |
Portfolio
turnover rate(e) |
132
% |
226
% |
162
% |
177
% |
231
% |
|
Goldman
Sachs International Tax-Managed Equity Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.10 |
$12.31 |
$11.29 |
$10.40 |
$8.91 |
Net
investment income(a) |
0.27
(b),(c) |
0.32 |
0.32 |
0.13 |
0.21 |
Net
realized and unrealized gain (loss) |
1.77 |
(2.17
) |
1.07 |
0.92 |
1.48 |
Total
from investment operations |
2.04 |
(1.85
) |
1.39 |
1.05 |
1.69 |
Distributions
to shareholders from net investment income |
(0.28
) |
(0.36
) |
(0.37
) |
(0.16
) |
(0.20
) |
Net
asset value, end of year |
$11.86 |
$10.10 |
$12.31 |
$11.29 |
$10.40 |
Total
Return(d) |
20.23
% |
(15.02
)% |
12.42
% |
10.11
% |
19.01
% |
Net
assets, end of year (in 000’s) |
$12,638 |
$9,934 |
$11,247 |
$9,998 |
$15,783 |
Ratio
of net expenses to average net assets |
0.90
% |
0.90
% |
0.90
% |
0.90
% |
0.90
% |
Ratio
of total expenses to average net assets |
0.99
% |
0.95
% |
0.96
% |
0.99
% |
0.99
% |
Ratio
of net investment income to average net assets |
2.45
%(b),(c) |
3.01
% |
2.65
% |
1.36
% |
2.11
% |
Portfolio
turnover rate(e) |
132
% |
226
% |
162
% |
177
% |
231
% |
|
Goldman
Sachs International Tax-Managed Equity Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.10 |
$12.32 |
$11.30 |
$10.40 |
$8.91 |
Net
investment income(a) |
0.26
(b),(c) |
0.32 |
0.31 |
0.13 |
0.20 |
Net
realized and unrealized gain (loss) |
1.78 |
(2.19
) |
1.07 |
0.92 |
1.48 |
Total
from investment operations |
2.04 |
(1.87
) |
1.38 |
1.05 |
1.68 |
Distributions
to shareholders from net investment income |
(0.27
) |
(0.35
) |
(0.36
) |
(0.15
) |
(0.19
) |
Net
asset value, end of year |
$11.87 |
$10.10 |
$12.32 |
$11.30 |
$10.40 |
Total
Return(d) |
20.26
% |
(15.15
)% |
12.31
% |
10.09
% |
18.90
% |
Net
assets, end of year (in 000’s) |
$11,560 |
$8,699 |
$7,290 |
$9,085 |
$18,290 |
Ratio
of net expenses to average net assets |
0.97
% |
0.97
% |
0.97
% |
0.98
% |
1.00
% |
Ratio
of total expenses to average net assets |
1.10
% |
1.08
% |
1.08
% |
1.11
% |
1.12
% |
Ratio
of net investment income to average net assets |
2.33
%(b),(c) |
3.08
% |
2.58
% |
1.38
% |
2.06
% |
Portfolio
turnover rate(e) |
132
% |
226
% |
162
% |
177
% |
231
% |
|
Goldman
Sachs International Tax-Managed Equity Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$10.02 |
$12.23 |
$11.22 |
$10.33 |
$8.85 |
Net
investment income(a) |
0.27
(b),(c) |
0.32 |
0.32 |
0.14 |
0.21 |
Net
realized and unrealized gain (loss) |
1.77 |
(2.17
) |
1.06 |
0.92 |
1.47 |
Total
from investment operations |
2.04 |
(1.85
) |
1.38 |
1.06 |
1.68 |
Distributions
to shareholders from net investment income |
(0.28
) |
(0.36
) |
(0.37
) |
(0.17
) |
(0.20
) |
Net
asset value, end of year |
$11.78 |
$10.02 |
$12.23 |
$11.22 |
$10.33 |
Total
Return(d) |
20.30
% |
(15.11
)% |
12.43
% |
10.20
% |
19.05
% |
Net
assets, end of year (in 000’s) |
$692,952 |
$630,799 |
$730,126 |
$640,212 |
$660,555 |
Ratio
of net expenses to average net assets |
0.89
% |
0.89
% |
0.89
% |
0.89
% |
0.89
% |
Ratio
of total expenses to average net assets |
0.98
% |
0.94
% |
0.95
% |
0.97
% |
0.98
% |
Ratio
of net investment income to average net assets |
2.44
%(b),(c) |
3.06
% |
2.66
% |
1.42
% |
2.12
% |
Portfolio
turnover rate(e) |
132
% |
226
% |
162
% |
177
% |
231
% |
|
Goldman
Sachs U.S. Tax-Managed Equity Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$30.32 |
$38.29 |
$29.78 |
$25.54 |
$20.43 |
Net
investment income(a) |
0.10 |
0.10 |
0.05 |
0.06 |
0.11 |
Net
realized and unrealized gain (loss) |
7.00 |
(7.95
) |
8.52 |
4.31 |
5.09 |
Total
from investment operations |
7.10 |
(7.85
) |
8.57 |
4.37 |
5.20 |
Distributions
to shareholders from net investment income |
(0.09
) |
(0.12
) |
(0.06
) |
(0.09
) |
(0.09
) |
Distributions
to shareholders from net realized gains |
— |
— |
— |
(0.04
) |
— |
Total
distributions |
(0.09
) |
(0.12
) |
(0.06
) |
(0.13
) |
(0.09
) |
Net
asset value, end of year |
$37.33 |
$30.32 |
$38.29 |
$29.78 |
$25.54 |
Total
Return(b) |
23.41
% |
(20.51
)% |
28.80
% |
17.06
% |
25.48
% |
Net
assets, end of year (in 000’s) |
$87,893 |
$90,164 |
$111,821 |
$75,584 |
$68,427 |
Ratio
of net expenses to average net assets |
1.03
% |
1.03
% |
1.06
% |
1.08
% |
1.10
% |
Ratio
of total expenses to average net assets |
1.07
% |
1.10
% |
1.11
% |
1.12
% |
1.13
% |
Ratio
of net investment income to average net assets |
0.29
% |
0.29
% |
0.16
% |
0.24
% |
0.47
% |
Portfolio
turnover rate(c) |
184
% |
246
% |
116
% |
177
% |
205
% |
|
Goldman
Sachs U.S. Tax-Managed Equity Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$28.27 |
$35.84 |
$28.04 |
$24.11 |
$19.36 |
Net
investment loss(a) |
(0.14
) |
(0.14
) |
(0.19
) |
(0.13
) |
(0.06
) |
Net
realized and unrealized gain (loss) |
6.50 |
(7.43
) |
7.99 |
4.06 |
4.81 |
Total
from investment operations |
6.36 |
(7.57
) |
7.80 |
3.93 |
4.75 |
Net
asset value, end of year |
$34.63 |
$28.27 |
$35.84 |
$28.04 |
$24.11 |
Total
Return(b) |
22.50
% |
(21.12
)% |
27.82
% |
16.25
% |
24.54
% |
Net
assets, end of year (in 000’s) |
$15,604 |
$16,096 |
$21,720 |
$19,502 |
$18,341 |
Ratio
of net expenses to average net assets |
1.78
% |
1.78
% |
1.81
% |
1.83
% |
1.85
% |
Ratio
of total expenses to average net assets |
1.82
% |
1.85
% |
1.86
% |
1.87
% |
1.88
% |
Ratio
of net investment loss to average net assets |
(0.46
)% |
(0.46
)% |
(0.59
)% |
(0.53
)% |
(0.28
)% |
Portfolio
turnover rate(c) |
184
% |
246
% |
116
% |
177
% |
205
% |
|
Goldman
Sachs U.S. Tax-Managed Equity Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$31.10 |
$39.28 |
$30.53 |
$26.16 |
$20.91 |
Net
investment income(a) |
0.21 |
0.21 |
0.17 |
0.15 |
0.20 |
Net
realized and unrealized gain (loss) |
7.19 |
(8.17
) |
8.74 |
4.43 |
5.23 |
Total
from investment operations |
7.40 |
(7.96
) |
8.91 |
4.58 |
5.43 |
Distributions
to shareholders from net investment income |
(0.20
) |
(0.22
) |
(0.16
) |
(0.17
) |
(0.18
) |
Distributions
to shareholders from net realized gains |
— |
— |
— |
(0.04
) |
— |
Total
distributions |
(0.20
) |
(0.22
) |
(0.16
) |
(0.21
) |
(0.18
) |
Net
asset value, end of year |
$38.30 |
$31.10 |
$39.28 |
$30.53 |
$26.16 |
Total
Return(b) |
23.81
% |
(20.26
)% |
29.23
% |
17.48
% |
25.90
% |
Net
assets, end of year (in 000’s) |
$55,767 |
$60,342 |
$56,035 |
$47,997 |
$45,718 |
Ratio
of net expenses to average net assets |
0.71
% |
0.70
% |
0.74
% |
0.74
% |
0.74
% |
Ratio
of total expenses to average net assets |
0.71
% |
0.72
% |
0.75
% |
0.75
% |
0.75
% |
Ratio
of net investment income to average net assets |
0.62
% |
0.64
% |
0.48
% |
0.56
% |
0.83
% |
Portfolio
turnover rate(c) |
184
% |
246
% |
116
% |
177
% |
205
% |
|
Goldman
Sachs U.S. Tax-Managed Equity Fund | ||||
|
Service
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$30.48 |
$38.52 |
$29.96 |
$25.70 |
$20.57 |
Net
investment income(a) |
0.04 |
0.04 |
—
(b) |
0.02 |
0.08 |
Net
realized and unrealized gain (loss) |
7.02 |
(7.99
) |
8.56 |
4.33 |
5.13 |
Total
from investment operations |
7.06 |
(7.95
) |
8.56 |
4.35 |
5.21 |
Distributions
to shareholders from net investment income |
(0.04
) |
(0.09
) |
—
(b) |
(0.05
) |
(0.08
) |
Distributions
to shareholders from return of capital |
— |
— |
— |
(0.04
) |
— |
Total
distributions |
(0.04
) |
(0.09
) |
—
(b) |
(0.09
) |
(0.08
) |
Net
asset value, end of year |
$37.50 |
$30.48 |
$38.52 |
$29.96 |
$25.70 |
Total
Return(c) |
23.17
% |
(20.65
)% |
28.58
% |
16.87
% |
25.31
% |
Net
assets, end of year (in 000’s) |
$3,499 |
$2,568 |
$2,476 |
$1,932 |
$1,649 |
Ratio
of net expenses to average net assets |
1.21
% |
1.22
% |
1.23
% |
1.24
% |
1.24
% |
Ratio
of total expenses to average net assets |
1.21
% |
1.25
% |
1.24
% |
1.25
% |
1.25
% |
Ratio
of net investment income to average net assets |
0.12
% |
0.13
% |
0.01
% |
0.08
% |
0.33
% |
Portfolio
turnover rate(d) |
184
% |
246
% |
116
% |
177
% |
205
% |
|
Goldman
Sachs U.S. Tax-Managed Equity Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$30.83 |
$38.93 |
$30.26 |
$25.93 |
$20.73 |
Net
investment income(a) |
0.19 |
0.18 |
0.14 |
0.12 |
0.17 |
Net
realized and unrealized gain (loss) |
7.12 |
(8.09
) |
8.67 |
4.40 |
5.18 |
Total
from investment operations |
7.31 |
(7.91
) |
8.81 |
4.52 |
5.35 |
Distributions
to shareholders from net investment income |
(0.18
) |
(0.19
) |
(0.14
) |
(0.15
) |
(0.15
) |
Distributions
to shareholders from net realized gains |
— |
— |
— |
(0.04
) |
— |
Total
distributions |
(0.18
) |
(0.19
) |
(0.14
) |
(0.19
) |
(0.15
) |
Net
asset value, end of year |
$37.96 |
$30.83 |
$38.93 |
$30.26 |
$25.93 |
Total
Return(b) |
23.71
% |
(20.31
)% |
29.13
% |
17.38
% |
25.82
% |
Net
assets, end of year (in 000’s) |
$19,127 |
$15,645 |
$20,599 |
$15,938 |
$21,591 |
Ratio
of net expenses to average net assets |
0.78
% |
0.78
% |
0.82
% |
0.83
% |
0.85
% |
Ratio
of total expenses to average net assets |
0.82
% |
0.85
% |
0.87
% |
0.87
% |
0.88
% |
Ratio
of net investment income to average net assets |
0.54
% |
0.54
% |
0.40
% |
0.46
% |
0.72
% |
Portfolio
turnover rate(c) |
184
% |
246
% |
116
% |
177
% |
205
% |
|
Goldman
Sachs U.S. Tax-Managed Equity Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended December 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$30.82 |
$38.93 |
$30.26 |
$25.93 |
$20.73 |
Net
investment income(a) |
0.21 |
0.21 |
0.17 |
0.15 |
0.20 |
Net
realized and unrealized gain (loss) |
7.14 |
(8.10
) |
8.67 |
4.40 |
5.18 |
Total
from investment operations |
7.35 |
(7.89
) |
8.84 |
4.55 |
5.38 |
Distributions
to shareholders from net investment income |
(0.21
) |
(0.22
) |
(0.17
) |
(0.18
) |
(0.18
) |
Distributions
to shareholders from net realized gains |
— |
— |
— |
(0.04
) |
— |
Total
distributions |
(0.21
) |
(0.22
) |
(0.17
) |
(0.22
) |
(0.18
) |
Net
asset value, end of year |
$37.96 |
$30.82 |
$38.93 |
$30.26 |
$25.93 |
Total
Return(b) |
23.85
% |
(20.26
)% |
29.24
% |
17.49
% |
25.96
% |
Net
assets, end of year (in 000’s) |
$2,407,118 |
$1,975,694 |
$2,111,315 |
$1,536,722 |
$1,575,990 |
Ratio
of net expenses to average net assets |
0.70
% |
0.69
% |
0.73
% |
0.73
% |
0.73
% |
Ratio
of total expenses to average net assets |
0.70
% |
0.72
% |
0.74
% |
0.74
% |
0.74
% |
Ratio
of net investment income to average net assets |
0.63
% |
0.65
% |
0.49
% |
0.57
% |
0.84
% |
Portfolio
turnover rate(c) |
184
% |
246
% |
116
% |
177
% |
205
% |
|
Goldman
Sachs U.S. Equity Dividend and Premium Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$13.12 |
$16.43 |
$14.20 |
$13.38 |
$11.46 | |||||
Net
investment income(a) |
0.18 |
0.17 |
0.15 |
0.18 |
0.21 | |||||
Net
realized and unrealized gain (loss) |
2.56 |
(2.59
) |
3.01 |
1.61 |
2.57 | |||||
Total
from investment operations |
2.74 |
(2.42
) |
3.16 |
1.79 |
2.78 | |||||
Distributions
to shareholders from net investment income |
(0.19
) |
(0.17
) |
(0.15
) |
(0.19
) |
(0.21
) | |||||
Distributions
to shareholders from net realized gains |
(0.73
) |
(0.72
) |
(0.78
) |
(0.78
) |
(0.65
) | |||||
Distributions
to shareholders from return of capital |
—
(b) |
— |
— |
—
(b) |
— | |||||
Total
distributions |
(0.92
) |
(0.89
) |
(0.93
) |
(0.97
) |
(0.86
) | |||||
Net
asset value, end of period |
$14.94 |
$13.12 |
$16.43 |
$14.20 |
$13.38 | |||||
Total
return(c) |
21.04
% |
(14.84
)% |
22.42
% |
13.62
% |
24.62
% | |||||
Net
assets, end of period (in 000s) |
$176,352 |
$151,973 |
$183,895 |
$135,937 |
$195,689 | |||||
Ratio
of net expenses to average net assets |
1.02
% |
1.05
% |
1.06
% |
1.09
% |
1.12
% | |||||
Ratio
of total expenses to average net assets |
1.12
% |
1.14
% |
1.13
% |
1.15
% |
1.16
% | |||||
Ratio
of net investment income to average net assets |
1.24
% |
1.18
% |
0.97
% |
1.41
% |
1.65
% | |||||
Portfolio
turnover rate(d) |
30
% |
38
% |
19
% |
39
% |
26
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Amount
is less than ($0.005) per share. |
(c) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(d) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs U.S. Equity Dividend and Premium Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$13.07 |
$16.36 |
$14.14 |
$13.33 |
$11.41 | |||||
Net
investment income(a) |
0.07 |
0.06 |
0.04 |
0.08 |
0.12 | |||||
Net
realized and unrealized gain (loss) |
2.55 |
(2.57
) |
2.99 |
1.60 |
2.57 | |||||
Total
from investment operations |
2.62 |
(2.51
) |
3.03 |
1.68 |
2.69 | |||||
Distributions
to shareholders from net investment income |
(0.08
) |
(0.06
) |
(0.03
) |
(0.09
) |
(0.12
) | |||||
Distributions
to shareholders from net realized gains |
(0.73
) |
(0.72
) |
(0.78
) |
(0.78
) |
(0.65
) | |||||
Distributions
to shareholders from return of capital |
—
(b) |
— |
— |
—
(b) |
— | |||||
Total
distributions |
(0.81
) |
(0.78
) |
(0.81
) |
(0.87
) |
(0.77
) | |||||
Net
asset value, end of period |
$14.88 |
$13.07 |
$16.36 |
$14.14 |
$13.33 | |||||
Total
return(c) |
20.12
% |
(15.48
)% |
21.48
% |
12.83
% |
23.72
% | |||||
Net
assets, end of period (in 000s) |
$70,396 |
$72,831 |
$109,023 |
$118,819 |
$141,029 | |||||
Ratio
of net expenses to average net assets |
1.77
% |
1.80
% |
1.81
% |
1.84
% |
1.87
% | |||||
Ratio
of total expenses to average net assets |
1.87
% |
1.89
% |
1.88
% |
1.90
% |
1.91
% | |||||
Ratio
of net investment income to average net assets |
0.50
% |
0.42
% |
0.23
% |
0.64
% |
0.90
% | |||||
Portfolio
turnover rate(d) |
30
% |
38
% |
19
% |
39
% |
26
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Amount
is less than ($0.005) per share. |
(c) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(d) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs U.S. Equity Dividend and Premium Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$13.08 |
$16.37 |
$14.16 |
$13.35 |
$11.43 | |||||
Net
investment income(a) |
0.23 |
0.22 |
0.21 |
0.23 |
0.26 | |||||
Net
realized and unrealized gain (loss) |
2.53 |
(2.57
) |
2.99 |
1.60 |
2.57 | |||||
Total
from investment operations |
2.76 |
(2.35
) |
3.20 |
1.83 |
2.83 | |||||
Distributions
to shareholders from net investment income |
(0.23
) |
(0.22
) |
(0.21
) |
(0.24
) |
(0.26
) | |||||
Distributions
to shareholders from net realized gains |
(0.73
) |
(0.72
) |
(0.78
) |
(0.78
) |
(0.65
) | |||||
Distributions
to shareholders from return of capital |
—
(b) |
— |
— |
—
(b) |
— | |||||
Total
distributions |
(0.96
) |
(0.94
) |
(0.99
) |
(1.02
) |
(0.91
) | |||||
Net
asset value, end of period |
$14.88 |
$13.08 |
$16.37 |
$14.16 |
$13.35 | |||||
Total
return(c) |
21.34
% |
(14.53
)% |
22.82
% |
14.12
% |
25.06
% | |||||
Net
assets, end of period (in 000s) |
$1,325,844 |
$1,122,307 |
$1,329,450 |
$1,252,383 |
$1,242,858 | |||||
Ratio
of net expenses to average net assets |
0.69
% |
0.71
% |
0.71
% |
0.72
% |
0.75
% | |||||
Ratio
of total expenses to average net assets |
0.76
% |
0.77
% |
0.76
% |
0.78
% |
0.77
% | |||||
Ratio
of net investment income to average net assets |
1.57
% |
1.52
% |
1.33
% |
1.73
% |
2.02
% | |||||
Portfolio
turnover rate(d) |
30
% |
38
% |
19
% |
39
% |
26
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Amount
is less than ($0.005) per share. |
(c) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(d) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs U.S. Equity Dividend and Premium Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$13.09 |
$16.38 |
$14.17 |
$13.36 |
$11.44 | |||||
Net
investment income(a) |
0.21 |
0.21 |
0.19 |
0.21 |
0.25 | |||||
Net
realized and unrealized gain (loss) |
2.54 |
(2.57
) |
2.99 |
1.60 |
2.57 | |||||
Total
from investment operations |
2.75 |
(2.36
) |
3.18 |
1.81 |
2.82 | |||||
Distributions
to shareholders from net investment income |
(0.22
) |
(0.21
) |
(0.19
) |
(0.22
) |
(0.25
) | |||||
Distributions
to shareholders from net realized gains |
(0.73
) |
(0.72
) |
(0.78
) |
(0.78
) |
(0.65
) | |||||
Distributions
to shareholders from return of capital |
—
(b) |
— |
— |
—
(b) |
— | |||||
Total
distributions |
(0.95
) |
(0.93
) |
(0.97
) |
(1.00
) |
(0.90
) | |||||
Net
asset value, end of period |
$14.89 |
$13.09 |
$16.38 |
$14.17 |
$13.36 | |||||
Total
return(c) |
21.23
% |
(14.60
)% |
22.78
% |
13.90
% |
25.00
% | |||||
Net
assets, end of period (in 000s) |
$479,421 |
$409,319 |
$473,054 |
$402,711 |
$468,254 | |||||
Ratio
of net expenses to average net assets |
0.77
% |
0.80
% |
0.81
% |
0.83
% |
0.87
% | |||||
Ratio
of total expenses to average net assets |
0.87
% |
0.89
% |
0.88
% |
0.90
% |
0.91
% | |||||
Ratio
of net investment income to average net assets |
1.49
% |
1.44
% |
1.23
% |
1.64
% |
1.90
% | |||||
Portfolio
turnover rate(d) |
30
% |
38
% |
19
% |
39
% |
26
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Amount
is less than ($0.005) per share. |
(c) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account. Returns
do not reflect the impact of taxes to shareholders relating to Fund
distributions or the redemption of Fund shares. |
(d) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
|
Goldman
Sachs U.S. Equity Dividend and Premium Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended December 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of period |
$13.07 |
$16.36 |
$14.15 |
$13.34 |
$11.42 | |||||
Net
investment income(a) |
0.23 |
0.22 |
0.21 |
0.23 |
0.26 | |||||
Net
realized and unrealized gain (loss) |
2.54 |
(2.57
) |
2.99 |
1.60 |
2.57 | |||||
Total
from investment operations |
2.77 |
(2.35
) |
3.20 |
1.83 |
2.83 | |||||
Distributions
to shareholders from net investment income |
(0.24
) |
(0.22
) |
(0.21
) |
(0.24
) |
(0.26
) | |||||
Distributions
to shareholders from net realized gains |
(0.73
) |
(0.72
) |
(0.78
) |
(0.78
) |
(0.65
) | |||||
Distributions
to shareholders from return of capital |
—
(b) |
— |
— |
—
(b) |
— | |||||
Total
distributions |
(0.97
) |
(0.94
) |
(0.99
) |
(1.02
) |
(0.91
) | |||||
Net
asset value, end of period |
$14.87 |
$13.07 |
$16.36 |
$14.15 |
$13.34 | |||||
Total
return(c) |
21.36
% |
(14.53
)% |
22.85
% |
14.13
% |
25.09
% | |||||
Net
assets, end of period (in 000s) |
$331,528 |
$304,083 |
$336,827 |
$208,584 |
$275,973 | |||||
Ratio
of net expenses to average net assets |
0.68
% |
0.70
% |
0.70
% |
0.72
% |
0.74
% | |||||
Ratio
of total expenses to average net assets |
0.75
% |
0.76
% |
0.75
% |
0.77
% |
0.76
% | |||||
Ratio
of net investment income to average net assets |
1.58
% |
1.54
% |
1.33
% |
1.77
% |
2.03
% | |||||
Portfolio
turnover rate(d) |
30
% |
38
% |
19
% |
39
% |
26
% |
(a) |
Calculated
based on the average shares outstanding methodology.
|
(b) |
Amount
is less than ($0.005) per share. |
(c) |
Assumes
investment at the net asset value at the beginning of the year,
reinvestment of all distributions, a complete redemption of the investment
at the net
asset
value at the end of the year and no sales or redemption charges (if any).
Total returns would be reduced if a sales or redemption charge was taken
into
account.
Returns do not reflect the impact of taxes to shareholders relating to
Fund distributions or the redemption of Fund
shares. |
(d) |
The
Fund's portfolio turnover rate is calculated in accordance with regulatory
requirements, without regard to transactions involving short term
investments
and
certain derivatives. If such transactions were included, the Fund's
portfolio turnover rate may be
higher. |
MERRILL
LYNCH |
AMERIPRISE
FINANCIAL |
MORGAN
STANLEY WEALTH MANAGEMENT |
RAYMOND
JAMES & ASSOCIATES, INC., RAYMOND JAMES FINANCIAL SERVICES, INC. AND
EACH ENTITY’S AFFILIATES
(“RAYMOND
JAMES”) |
JANNEY
MONTGOMERY SCOTT LLC |
EDWARD
D. JONES & CO., L.P. (“Edward
Jones”) |
OPPENHEIMER
& CO. INC. |
ROBERT
W. BAIRD & CO. (“BAIRD”) |
J.P.
MORGAN SECURITIES LLC |
FOR
MORE INFORMATION |
|
Institutional,
Service & Class R6 |
Class
A, C & Investor |
◼ 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 |
|