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. |
Investment
Objective |
Fees
and Expenses of the Fund |
|
Class
A |
Class
C |
Institutional |
Service |
Investor |
Class
R |
Class
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases
(as a percentage of offering price) |
5.50% |
None |
None |
None |
None |
None |
None |
Maximum
Deferred Sales Charge (Load) (as a
percentage
of the lower of original purchase
price
or sale proceeds)1
|
None |
1.00% |
None |
None |
None |
None |
None |
|
Class
A |
Class
C |
Institutional |
Service |
Investor |
Class
R |
Class
R6 |
Management
Fees |
0.87% |
0.87% |
0.87% |
0.87% |
0.87% |
0.87% |
0.87% |
Distribution
and/or Service (12b-1) Fees |
0.25% |
0.75% |
None |
0.25% |
None |
0.50% |
None |
Other
Expenses2
|
0.45% |
0.70% |
0.33% |
0.58% |
0.45% |
0.45% |
0.32% |
Service
Fees |
None |
0.25% |
None |
None |
None |
None |
None |
Shareholder
Administration Fees |
None |
None |
None |
0.25% |
None |
None |
None |
All
Other Expenses |
0.45% |
0.45% |
0.33% |
0.33% |
0.45% |
0.45% |
0.32% |
Total
Annual Fund Operating Expenses |
1.57% |
2.32% |
1.20% |
1.70% |
1.32% |
1.82% |
1.19% |
Fee
Waiver and Expense Limitation3
|
(0.36)% |
(0.36)% |
(0.33)% |
(0.33)% |
(0.36)% |
(0.36)% |
(0.33)% |
Total
Annual Fund Operating Expenses After
Fee
Waiver and Expense Limitation |
1.21% |
1.96% |
0.87% |
1.37% |
0.96% |
1.46% |
0.86% |
Expense
Example |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$667 |
$985 |
$1,326 |
$2,286 |
Class
C Shares |
$299 |
$690 |
$1,208 |
$2,628 |
Institutional
Shares |
$89 |
$348 |
$628 |
$1,425 |
Service
Shares |
$139 |
$504 |
$892 |
$1,981 |
Investor
Shares |
$98 |
$383 |
$689 |
$1,559 |
Class
R Shares |
$149 |
$538 |
$952 |
$2,108 |
Class
R6 Shares |
$88 |
$345 |
$623 |
$1,414 |
Class
C Shares – Assuming no redemption |
$199 |
$690 |
$1,208 |
$2,628 |
Portfolio
Turnover |
Principal
Strategy |
Principal
Risks of the Fund |
Performance |
During
the periods shown in the chart above: |
Returns |
Quarter
ended |
Best
Quarter Return |
16.75% |
December
31, 2021 |
Worst
Quarter Return |
-25.07% |
March
31, 2020 |
AVERAGE
ANNUAL TOTAL RETURN For
the period ended December 31, 2022 |
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Class
A Shares |
|
|
|
7/27/1998 |
Returns
Before Taxes |
-32.03% |
1.43% |
4.66% |
|
Returns
After Taxes on Distributions |
-32.94% |
-1.34% |
2.12% |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
-18.56% |
0.83% |
3.25% |
|
Class
C Shares |
|
|
|
7/27/1998 |
Returns
Before Taxes |
-29.25% |
1.82% |
4.47%* |
|
Institutional
Shares |
|
|
|
7/27/1998 |
Returns
Before Taxes |
-27.77% |
2.96% |
5.66% |
|
Service
Shares |
|
|
|
7/27/1998 |
Returns
Before Taxes |
-28.12% |
2.46% |
5.14% |
|
Investor
Shares |
|
|
|
11/30/2007 |
Returns
Before Taxes |
-27.90% |
2.82% |
5.51% |
|
Class
R Shares |
|
|
|
11/30/2007 |
Returns |
-28.22% |
2.32% |
4.99% |
|
Class
R6 Shares |
|
|
|
8/3/2015 |
Returns
Before Taxes |
-27.82% |
2.95% |
5.66%** |
|
Wilshire
U.S. Real Estate Securities Index (reflects no deduction for fees or
expenses) |
-26.76% |
3.34% |
6.48% |
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
Investment
Objective |
Fees
and Expenses of the Fund |
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R |
Class
R6 |
Maximum
Sales Charge (Load) Imposed on Purchases (as a
percentage
of offering price) |
5.50% |
None |
None |
None |
None |
None |
Maximum
Deferred Sales Charge (Load) (as a percentage of the
lower
of original purchase price or sale proceeds)1
|
None |
1.00% |
None |
None |
None |
None |
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R |
Class
R6 |
Management
Fees |
0.93% |
0.93% |
0.93% |
0.93% |
0.93% |
0.93% |
Distribution
and/or Service (12b-1) Fees |
0.25% |
0.75% |
None |
None |
0.50% |
None |
Other
Expenses2
|
0.47% |
0.72% |
0.35% |
0.47% |
0.47% |
0.34% |
Service
Fees |
None |
0.25% |
None |
None |
None |
None |
All
Other Expenses |
0.47% |
0.47% |
0.35% |
0.47% |
0.47% |
0.34% |
Total
Annual Fund Operating Expenses |
1.65% |
2.40% |
1.28% |
1.40% |
1.90% |
1.27% |
Expense
Limitation3
|
(0.31)% |
(0.31)% |
(0.31)% |
(0.31)% |
(0.31)% |
(0.31)% |
Total
Annual Fund Operating Expenses After Expense
Limitation |
1.34% |
2.09% |
0.97% |
1.09% |
1.59% |
0.96% |
Expense
Example |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$679 |
$1,013 |
$1,370 |
$2,372 |
Class
C Shares |
$312 |
$719 |
$1,253 |
$2,713 |
Institutional
Shares |
$99 |
$375 |
$673 |
$1,518 |
Investor
Shares |
$111 |
$413 |
$736 |
$1,653 |
Class
R Shares |
$162 |
$567 |
$998 |
$2,197 |
Class
R6 Shares |
$98 |
$372 |
$667 |
$1,507 |
Class
C Shares – Assuming no redemption |
$212 |
$719 |
$1,253 |
$2,713 |
Portfolio
Turnover |
Principal
Strategy |
Principal
Risks of the Fund |
Performance |
During
the periods shown in the chart above: |
Returns |
Quarter
ended |
Best
Quarter Return |
13.95% |
March
31, 2019 |
Worst
Quarter Return |
-26.84% |
March
31, 2020 |
AVERAGE
ANNUAL TOTAL RETURN For
the period ended December 31, 2022 |
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date | |
Class
A Shares |
|
|
|
8/31/2015 |
Returns
Before Taxes |
-31.97% |
-1.59% |
0.90% |
|
Returns
After Taxes on Distributions |
-32.44% |
-2.60% |
-0.27% |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
-18.75% |
-1.44% |
0.32% |
|
Class
C Shares |
|
|
|
8/31/2015 |
Returns
Before Taxes |
-29.27% |
-1.21% |
0.92% |
|
Institutional
Shares |
|
|
|
8/31/2015 |
Returns
Before Taxes |
-27.72% |
-0.09% |
2.07% |
|
Investor
Shares |
|
|
|
8/31/2015 |
Returns
Before Taxes |
-27.85% |
-0.22% |
1.93% |
|
Class
R Shares |
|
|
|
8/31/2015 |
Returns |
-28.21% |
-0.73% |
1.42% |
|
Class
R6 Shares |
|
|
|
8/31/2015 |
Returns
Before Taxes |
-27.76% |
-0.09% |
2.08% |
|
FTSE
EPRA Nareit Developed Index (Net, USD, Unhedged; reflects no deduction for
fees or
expenses) |
-24.97% |
-0.05% |
2.65% |
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
Investment
Objective |
Fees
and Expenses of the Fund |
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R |
Class
R6 |
Maximum
Sales Charge (Load) Imposed on Purchases (as a
percentage
of offering price) |
5.50% |
None |
None |
None |
None |
None |
Maximum
Deferred Sales Charge (Load) (as a percentage of the
lower
of original purchase price or sale proceeds)1
|
None |
1.00% |
None |
None |
None |
None |
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R |
Class
R6 |
Management
Fees |
0.90% |
0.90% |
0.90% |
0.90% |
0.90% |
0.90% |
Distribution
and/or Service (12b-1) Fees |
0.25% |
0.75% |
None |
None |
0.50% |
None |
Other
Expenses |
0.27% |
0.52% |
0.15% |
0.27% |
0.27% |
0.14% |
Service
Fees |
None |
0.25% |
None |
None |
None |
None |
All
Other Expenses |
0.27% |
0.27% |
0.15% |
0.27% |
0.27% |
0.14% |
Total
Annual Fund Operating Expenses |
1.42% |
2.17% |
1.05% |
1.17% |
1.67% |
1.04% |
Fee
Waiver and Expense Limitation2
|
(0.12)% |
(0.12)% |
(0.05)% |
(0.12)% |
(0.12)% |
(0.05)% |
Total
Annual Fund Operating Expenses After Fee Waiver and
Expense
Limitation |
1.30% |
2.05% |
1.00% |
1.05% |
1.55% |
0.99% |
Expense
Example |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$675 |
$963 |
$1,273 |
$2,149 |
Class
C Shares |
$308 |
$668 |
$1,153 |
$2,494 |
Institutional
Shares |
$102 |
$329 |
$575 |
$1,278 |
Investor
Shares |
$107 |
$360 |
$632 |
$1,410 |
Class
R Shares |
$158 |
$515 |
$896 |
$1,966 |
Class
R6 Shares |
$101 |
$326 |
$569 |
$1,266 |
Class
C Shares – Assuming no redemption |
$208 |
$668 |
$1,153 |
$2,494 |
Portfolio
Turnover |
Principal
Strategy |
Principal
Risks of the Fund |
Performance |
During
the periods shown in the chart above: |
Returns |
Quarter
ended |
Best
Quarter Return |
16.59% |
March
31, 2019 |
Worst
Quarter Return |
-17.20% |
March
31, 2020 |
AVERAGE
ANNUAL TOTAL RETURN For
the period ended December 31, 2022 |
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date | |
Class
A Shares |
|
|
|
6/28/2016 |
Returns
Before Taxes |
-12.68% |
2.99% |
4.23% |
|
Returns
After Taxes on Distributions |
-12.91% |
2.62% |
2.96% |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
-7.34% |
2.29% |
2.59% |
|
Class
C Shares |
|
|
|
6/28/2016 |
Returns
Before Taxes |
-9.21% |
3.38% |
4.36% |
|
Institutional
Shares |
|
|
|
6/28/2016 |
Returns
Before Taxes |
-7.24% |
4.55% |
5.53% |
|
Investor
Shares |
|
|
|
6/28/2016 |
Returns
Before Taxes |
-7.41% |
4.42% |
5.40% |
|
Class
R Shares |
|
|
|
6/28/2016 |
Returns |
-7.91% |
3.89% |
4.87% |
|
Class
R6 Shares |
|
|
|
6/28/2016 |
Returns
Before Taxes |
-7.25% |
4.55% |
5.54% |
|
Dow
Jones Brookfield Global Infrastructure Index (Net, USD, Unhedged; reflects
no deduction for
fees
or expenses) |
-6.62% |
4.30% |
6.00% |
|
Portfolio
Management |
Buying
and Selling Fund Shares |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
Tax
Information |
Payments
to Broker-Dealers and
Other
Financial Intermediaries |
INVESTMENT
OBJECTIVE |
PRINCIPAL
INVESTMENT STRATEGIES |
ADDITIONAL
FEES AND EXPENSES INFORMATION |
ADDITIONAL
PERFORMANCE INFORMATION |
OTHER
INVESTMENT PRACTICES AND
SECURITIES |
10
Percent of total assets (including securities lending collateral) (italic
type)
10 Percent
of net assets (excluding borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the strategies of
the Fund
— Not
permitted |
Real
Estate
Securities
Fund |
Global
Real
Estate
Securities
Fund |
Global
Infrastructure
Fund |
Investment
Practices |
|
|
|
Borrowings |
33 1∕3 |
33 1∕3 |
33 1∕3 |
Credit,
Currency, Equity, Index, Interest Rate, Total Return and Mortgage Swaps
and Options on Swaps |
• |
• |
• |
Cross
Hedging of Currencies
|
• |
• |
• |
Custodial
Receipts and Trust Certificates
|
• |
• |
• |
Foreign
Currency Transactions (including forward contracts)* |
• |
• |
• |
Futures
Contracts and Options and Swaps on Futures Contracts
|
• |
• |
• |
Illiquid
Investments** |
15 |
15 |
15 |
Initial
Public Offerings (“IPO”) |
• |
• |
• |
Interest
Rate Caps, Floors and Collars |
• |
• |
• |
Investment
Company Securities (including ETFs)*** |
10 |
10 |
10 |
Mortgage
Dollar Rolls |
• |
• |
• |
Options
on Foreign Currencies1
|
• |
• |
• |
Options2
|
• |
• |
• |
Preferred
Stock
|
• |
• |
• |
Repurchase
Agreements
|
• |
• |
• |
Securities
Lending
|
33 1∕3 |
33 1∕3 |
— |
Short
Sales Against the Box
|
— |
— |
• |
Unseasoned
Companies
|
• |
• |
• |
Warrants
and Stock Purchase Rights |
• |
• |
• |
When-Issued
Securities and Forward Commitments
|
• |
• |
• |
10 Percent
of total assets (excluding securities lending collateral) (italic
type)
10 Percent
of Net Assets (including borrowings for investment purposes) (roman
type)
• No
specific percentage limitation on usage; limited only by the objectives
and strategies of the Fund
— Not
permitted |
Real
Estate
Securities
Fund |
Global
Real
Estate
Securities
Fund |
Global
Infrastructure
Fund |
Investment
Securities |
|
|
|
American,
European and Global Depositary Receipts
|
• |
• |
• |
Asset-Backed
and Mortgage-Backed Securities1
|
• |
• |
• |
Bank
Obligations1,2
|
• |
• |
• |
Convertible
Securities3
|
• |
• |
• |
Corporate
Debt Obligations1
|
• |
• |
• |
Equity
Investments
|
80+ |
80+ |
• |
Emerging
Country Securities |
— |
• |
• |
Fixed
Income Securities |
20 |
20 |
• |
Foreign
Government Securities1
|
• |
• |
• |
Foreign
Securities |
154
|
40+5
|
• |
Master
Limited Partnerships |
• |
• |
20 |
Non-Investment
Grade Fixed Income Securities6
|
20 |
20 |
• |
Private
Investments in Public Equity (“PIPEs”) |
• |
• |
• |
Real
Estate Investment Trusts
|
• |
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
• |
• |
• |
Stripped
Mortgage-Backed Securities1
|
• |
• |
• |
Structured
Securities (which may include equity-linked notes)7
|
• |
• |
• |
Temporary
Investments
|
• |
• |
• |
U.S.
Government Securities1
|
• |
• |
• |
Yield
Curve Options and Inverse Floating Rate Securities |
• |
• |
• |
✓ Principal
Risk
• Additional
Risk |
Real
Estate
Securities
Fund |
Global
Real
Estate
Securities
Fund |
Global
Infrastructure
Fund |
Credit/Default |
• |
•
|
• |
Cybersecurity |
• |
• |
• |
Derivatives |
• |
• |
• |
Dividend-Paying
Investments |
✓ |
✓ |
✓ |
Emerging
Countries |
|
✓ |
✓ |
ESG
Integration |
• |
• |
• |
Foreign |
• |
✓ |
✓ |
Geographic |
✓ |
✓ |
• |
Industry
Concentration |
✓ |
✓ |
✓ |
Infrastructure
Company |
|
|
✓ |
Interest
Rate |
• |
• |
• |
Investment
Style |
• |
• |
• |
IPO |
• |
• |
• |
Large
Shareholder Transactions |
✓ |
✓ |
✓ |
Liquidity |
• |
• |
• |
Management |
• |
• |
• |
Market |
✓ |
✓ |
✓ |
Master
Limited Partnerships |
• |
• |
✓ |
Mid-Cap
and Small-Cap |
• |
• |
✓ |
Mortgage
Backed and Other Asset Backed Securities |
• |
• |
• |
NAV |
• |
• |
• |
Non-Diversification |
✓ |
|
✓ |
Non-Investment
Grade Fixed Income Securities |
• |
• |
• |
Private
Investments in Public Equity (“PIPEs”) |
• |
• |
• |
Real
Estate Industry |
✓ |
✓ |
• |
REIT |
✓ |
✓ |
✓ |
Sovereign
Default |
• |
• |
• |
Special
Purpose Acquisition Companies (“SPACs”) |
• |
• |
• |
Stock |
• |
• |
✓ |
U.S.
Government Securities |
• |
• |
• |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
Real
Estate Securities
Global
Real Estate Securities
Global
Infrastructure |
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund |
Contractual
Management
Fee
Annual
Rate |
Average
Daily
Net
Assets |
Actual
Rate
For
the Fiscal
Year
Ended
December
31, 2022* |
Real
Estate Securities |
0.87% |
First
$ 1 Billion |
0.87% |
|
0.78% |
Next
$1 Billion |
|
|
0.74% |
Next
$3 Billion |
|
|
0.73% |
Next
$3 Billion |
|
|
0.71% |
Over
$8 Billion |
|
Global
Real Estate Securities |
0.93% |
First
$ 1 Billion |
0.93% |
|
0.84% |
Next
$1 Billion |
|
|
0.80% |
Next
$3 billion |
|
|
0.78% |
Next
$3 Billion |
|
|
0.76% |
Over
$8 Billion |
|
Global
Infrastructure |
0.90% |
First
$ 1 Billion |
0.90% |
|
0.81% |
Next
$1 Billion |
|
|
0.77% |
Next
$3 Billion |
|
|
0.75% |
Next
$3 Billion |
|
|
0.74% |
Over
$8 Billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible
|
Five
Year Employment History |
Timothy
Ryan, CFA
Managing
Director |
Portfolio
Manager—
Real
Estate Securities |
Since
2010 |
Mr.
Ryan joined the Investment Adviser in 2010. |
Frankie
Chun Wah Lee
Vice
President |
Portfolio
Manager—
Global
Real Estate
Securities |
Since
2015 |
Mr.
Lee joined the Investment Adviser as a portfolio
manager
in 2010. |
Kristin
Kuney, CFA
Managing
Director |
Portfolio
Manager—
Real
Estate Securities
Global
Real Estate
Securities |
Since
2017
2021 |
Ms.
Kuney joined the Investment Adviser in 2000 and the
Real
Estate Team in 2004.
|
Abhinav
Zutshi, CFA
Vice
President |
Portfolio
Manager—
Real
Estate Securities |
Since
2023 |
Mr.
Zutshi joined the Investment Adviser in April
2009. |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible
|
Five
Year Employment History |
Kristin
Kuney, CFA
Managing
Director |
Portfolio
Manager—
Global
Infrastructure |
Since
2020
|
Ms.
Kuney joined the Investment Adviser in 2000. |
Abhinav
Zutshi, CFA
Vice
President |
Portfolio
Manager— Global
Infrastructure |
Since
2021
|
Mr.
Zutshi joined the Investment Adviser in April
2009. |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
Fund |
Investment
Income
Dividends |
Capital
Gains
Distributions |
Real
Estate Securities |
Quarterly |
Annually |
Global
Real Estate Securities |
Quarterly |
Annually |
Global
Infrastructure |
Quarterly |
Annually |
How
To Buy Shares |
|
Initial |
Additional* |
Regular
Accounts |
$1,000 |
$50 |
Employee
Benefit Plans |
No
Minimum |
No
Minimum |
Uniform
Gift/Transfer to Minors Accounts (UGMA/UTMA) |
$250 |
$50 |
Individual
Retirement Accounts and Coverdell ESAs |
$250 |
$50 |
Automatic
Investment Plan Accounts |
$250 |
$50 |
NAV
= |
(Value
of Assets of the Class)
–
(Liabilities of the Class) |
|
Number
of Outstanding Shares of the
Class |
Common
Questions Applicable to the Purchase of
Class
A Shares |
Amount
of Purchase
(including
sales charge, if any) |
Sales
Charge as
Percentage
of
Offering
Price |
Sales
Charge
as
Percentage
of
Net Amount
Invested |
Maximum
Dealer
Allowance
as
Percentage
of
Offering
Price* |
Less
than $50,000 |
5.50% |
5.82% |
5.00% |
$50,000
up to (but less than) $100,000 |
4.75 |
4.99 |
4.00 |
$100,000
up to (but less than) $250,000 |
3.75 |
3.90 |
3.00 |
$250,000
up to (but less than) $500,000 |
2.75 |
2.83 |
2.25 |
$500,000
up to (but less than) $1 million |
2.00 |
2.04 |
1.75 |
$1
million or more |
0.00** |
0.00** |
*** |
Common
Questions Applicable to the Purchase Of Class C
Shares |
Common
Questions Applicable to the Purchase Of
Class
A and C Shares |
How
To Sell Shares |
Shareholder
Services |
Distribution
and Service Fees |
Class
C Personal And Account Maintenance
Services
And Fees |
Service
Shares Service Plan And Shareholder
Administration
Plan |
Restrictions
on Excessive Trading
Practices |
DISTRIBUTIONS |
SALES
AND EXCHANGES |
OTHER
INFORMATION |
A. General
Portfolio Risks |
B.
Other Portfolio Risks |
C.
PORTFOLIO SECURITIES AND
TECHNIQUES |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$14.90 |
$11.03 |
$13.27 |
$12.61 |
$15.53
|
Net
investment income(a)
|
0.13 |
0.07 |
0.12 |
0.22 |
0.28 |
Net
realized and unrealized gain (loss) |
(4.29) |
4.75 |
(1.22) |
2.92 |
(0.94) |
Total
from investment operations |
(4.16) |
4.82 |
(1.10) |
3.14 |
(0.66) |
Distributions
to shareholders from net investment income |
(0.15) |
(0.13) |
(0.14) |
(0.22) |
(0.37) |
Distributions
to shareholders from net realized gains |
(0.36) |
(0.82) |
(1.00) |
(2.26) |
(1.89) |
Total distributions |
(0.51) |
(0.95) |
(1.14) |
(2.48) |
(2.26) |
Net
asset value, end of year |
$10.23 |
$14.90 |
$11.03 |
$13.27 |
$12.61
|
Total
Return(b) |
(28.07)% |
44.33% |
(7.85)% |
25.49% |
(5.39)% |
Net
assets, end of year (in 000’s) |
$14,224 |
$23,278 |
$19,177 |
$27,488 |
$26,002 |
Ratio
of net expenses to average net assets |
1.26% |
1.28% |
1.29% |
1.30% |
1.30% |
Ratio
of total expenses to average net assets |
1.57% |
1.55% |
1.62% |
1.57% |
1.50% |
Ratio
of net investment income to average net assets |
1.03% |
0.55% |
1.06% |
1.51% |
1.88% |
Portfolio
turnover rate(c)
|
35% |
37% |
57% |
37% |
43% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$13.82 |
$10.31
|
$12.50
|
$11.99
|
$14.88 |
Net
investment income (loss)(a)
|
0.03 |
(0.02) |
0.03 |
0.10 |
0.12 |
Net
realized and unrealized gain (loss) |
(3.96) |
4.41 |
(1.14) |
2.78 |
(0.85) |
Total
from investment operations |
(3.93) |
4.39 |
(1.11) |
2.88 |
(0.73) |
Distributions
to shareholders from net investment income |
(0.09) |
(0.06) |
(0.08) |
(0.11) |
(0.27) |
Distributions
to shareholders from net realized gains |
(0.36) |
(0.82) |
(1.00) |
(2.26) |
(1.89) |
Total distributions |
(0.45) |
(0.88) |
(1.08) |
(2.37) |
(2.16) |
Net
asset value, end of year |
$9.44 |
$13.82
|
$10.31
|
$12.50
|
$11.99 |
Total
Return(b) |
(28.54)% |
43.12% |
(8.50)% |
24.62% |
(6.12)% |
Net
assets, end of year (in 000’s) |
$807 |
$1,540 |
$1,332 |
$2,615 |
$3,568 |
Ratio
of net expenses to average net assets |
2.01% |
2.03% |
2.04% |
2.05% |
2.05% |
Ratio
of total expenses to average net assets |
2.32% |
2.29% |
2.37% |
2.32% |
2.25% |
Ratio
of net investment income (loss) to average
net assets |
0.24% |
(0.20)% |
0.26% |
0.69% |
0.83% |
Portfolio
turnover rate(c)
|
35% |
37% |
57% |
37% |
43% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$15.67 |
$11.56 |
$13.83 |
$13.05 |
$15.98
|
Net
investment income(a)
|
0.18 |
0.13 |
0.17 |
0.28 |
0.23 |
Net
realized and unrealized gain (loss) |
(4.51) |
4.97 |
(1.26) |
3.03 |
(0.86) |
Total
from investment operations |
(4.33) |
5.10 |
(1.09) |
3.31 |
(0.63) |
Distributions
to shareholders from net investment income |
(0.18) |
(0.17) |
(0.18) |
(0.27) |
(0.41) |
Distributions
to shareholders from net realized gains |
(0.36) |
(0.82) |
(1.00) |
(2.26) |
(1.89) |
Total distributions |
(0.54) |
(0.99) |
(1.18) |
(2.53) |
(2.30) |
Net
asset value, end of year |
$10.80 |
$15.67 |
$11.56 |
$13.83 |
$13.05
|
Total
Return(b) |
(27.77)% |
44.74% |
(7.48)% |
26.01% |
(5.04)% |
Net
assets, end of year (in 000’s) |
$24,348 |
$37,235 |
$23,409 |
$30,069 |
$31,337 |
Ratio
of net expenses to average net assets |
0.91% |
0.91% |
0.91% |
0.92% |
0.91% |
Ratio
of total expenses to average net assets |
1.20% |
1.17% |
1.24% |
1.19% |
1.12% |
Ratio
of net investment income to average net assets |
1.42% |
0.92% |
1.47% |
1.86% |
1.50% |
Portfolio
turnover rate(c)
|
35% |
37% |
57% |
37% |
43% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Service
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$15.07 |
$11.15
|
$13.40
|
$12.71
|
$15.65 |
Net
investment income(a)
|
0.08 |
0.05 |
0.11 |
0.21 |
0.26 |
Net
realized and unrealized gain (loss) |
(4.30) |
4.80 |
(1.23) |
2.94 |
(0.95) |
Total
from investment operations |
(4.22) |
4.85 |
(1.12) |
3.15 |
(0.69) |
Distributions
to shareholders from net investment income |
(0.13) |
(0.11) |
(0.13) |
(0.20) |
(0.36) |
Distributions
to shareholders from net realized gains |
(0.36) |
(0.82) |
(1.00) |
(2.26) |
(1.89) |
Total distributions |
(0.49) |
(0.93) |
(1.13) |
(2.46) |
(2.25) |
Net
asset value, end of year |
$10.36 |
$15.07
|
$11.15
|
$13.40
|
$12.71 |
Total
Return(b) |
(28.12)% |
44.13% |
(7.95)% |
25.40% |
(5.56)% |
Net
assets, end of year (in 000’s) |
$312 |
$893 |
$940 |
$1,608 |
$1,429 |
Ratio
of net expenses to average net assets |
1.41% |
1.41% |
1.41% |
1.42% |
1.41% |
Ratio
of total expenses to average net assets |
1.70% |
1.68% |
1.74% |
1.69% |
1.61% |
Ratio
of net investment income to average net assets |
0.66% |
0.42% |
0.95% |
1.43% |
1.73% |
Portfolio
turnover rate(c)
|
35% |
37% |
57% |
37% |
43% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$15.13 |
$11.19
|
$13.43
|
$12.73
|
$15.65 |
Net
investment income(a)
|
0.15 |
0.11 |
0.14 |
0.24 |
0.31 |
Net
realized and unrealized gain (loss) |
(4.35) |
4.81 |
(1.22) |
2.97 |
(0.94) |
Total
from investment operations |
(4.20) |
4.92 |
(1.08) |
3.21 |
(0.63) |
Distributions
to shareholders from net investment income |
(0.17) |
(0.16) |
(0.16) |
(0.25) |
(0.40) |
Distributions
to shareholders from net realized gains |
(0.36) |
(0.82) |
(1.00) |
(2.26) |
(1.89) |
Total distributions |
(0.53) |
(0.98) |
(1.16) |
(2.51) |
(2.29) |
Net
asset value, end of year |
$10.40 |
$15.13
|
$11.19
|
$13.43
|
$12.73 |
Total
Return(b) |
(27.90)% |
44.58% |
(7.59)% |
25.84% |
(5.18)% |
Net
assets, end of year (in 000’s) |
$1,428 |
$2,678 |
$2,289 |
$4,532 |
$7,969 |
Ratio
of net expenses to average net assets |
1.01% |
1.03% |
1.04% |
1.05% |
1.05% |
Ratio
of total expenses to average net assets |
1.32% |
1.30% |
1.36% |
1.32% |
1.25% |
Ratio
of net investment income to average net assets |
1.22% |
0.80% |
1.17% |
1.64% |
2.10% |
Portfolio
turnover rate(c)
|
35% |
37% |
57% |
37% |
43% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$15.67 |
$11.56
|
$13.83
|
$13.05
|
$15.98 |
Net
investment income(a)
|
0.30 |
0.12 |
0.18 |
0.30 |
0.16 |
Net
realized and unrealized gain (loss) |
(4.64) |
4.98 |
(1.27) |
3.01 |
(0.79) |
Total
from investment operations |
(4.34) |
5.10 |
(1.09) |
3.31 |
(0.63) |
Distributions
to shareholders from net investment income |
(0.18) |
(0.17) |
(0.18) |
(0.27) |
(0.41) |
Distributions
to shareholders from net realized gains |
(0.36) |
(0.82) |
(1.00) |
(2.26) |
(1.89) |
Total distributions |
(0.54) |
(0.99) |
(1.18) |
(2.53) |
(2.30) |
Net
asset value, end of year |
$10.79 |
$15.67
|
$11.56
|
$13.83
|
$13.05 |
Total
Return(b) |
(27.82)% |
44.74% |
(7.47)% |
26.02% |
(5.03)% |
Net
assets, end of year (in 000’s) |
$2,385 |
$443 |
$1,116 |
$973 |
$797 |
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 |
1.23% |
1.18% |
1.24% |
1.18% |
1.08% |
Ratio
of net investment income to average net assets |
2.47% |
0.93% |
1.52% |
1.98% |
1.02% |
Portfolio
turnover rate(c)
|
35% |
37% |
57% |
37% |
43% |
|
Goldman
Sachs Real Estate Securities Fund | ||||
|
Class
R Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data | |||||
Net
asset value, beginning of year |
$14.64 |
$10.87
|
$13.09
|
$12.47
|
$15.39 |
Net
investment income(a)
|
0.10 |
0.04 |
0.09 |
0.18 |
0.24 |
Net
realized and unrealized gain (loss) |
(4.21) |
4.66 |
(1.19) |
2.88 |
(0.93) |
Total
from investment operations |
(4.11) |
4.70 |
(1.10) |
3.06 |
(0.69) |
Distributions
to shareholders from net investment income |
(0.13) |
(0.11) |
(0.12) |
(0.18) |
(0.34) |
Distributions
to shareholders from net realized gains |
(0.36) |
(0.82) |
(1.00) |
(2.26) |
(1.89) |
Total distributions |
(0.49) |
(0.93) |
(1.12) |
(2.44) |
(2.23) |
Net
asset value, end of year |
$10.04 |
$14.64
|
$10.87
|
$13.09
|
$12.47 |
Total
Return(b) |
(28.22)% |
43.82% |
(8.00)% |
25.14% |
(5.62)% |
Net
assets, end of year (in 000’s) |
$841 |
$1,134 |
$910 |
$1,440 |
$1,770 |
Ratio
of net expenses to average net assets |
1.51% |
1.53% |
1.54% |
1.55% |
1.55% |
Ratio
of total expenses to average net assets |
1.82% |
1.79% |
1.87% |
1.82% |
1.75% |
Ratio
of net investment income to average net assets |
0.84% |
0.93% |
0.79% |
1.22% |
1.60% |
Portfolio
turnover rate(c)
|
35% |
37% |
57% |
37% |
43% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Class
A Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$12.65 |
$10.25
|
$11.14
|
$9.79 |
$10.64 |
Net
investment income(a)
|
0.19 |
0.09 |
0.12 |
0.17 |
0.19 |
Net
realized and unrealized gain (loss) |
(3.72) |
2.55 |
(0.88) |
2.01 |
(0.79) |
Total
from investment operations |
(3.53) |
2.64 |
(0.76) |
2.18 |
(0.60) |
Distributions
to shareholders from net investment income |
(0.05) |
(0.24) |
(0.10) |
(0.53) |
(0.20) |
Distributions
to shareholders from net realized gains |
(0.13) |
— |
(0.02) |
(0.30) |
— |
Distributions
to shareholders from return of capital |
(0.09) |
— |
(0.01) |
— |
(0.05) |
Total distributions |
(0.27) |
(0.24) |
(0.13) |
(0.83) |
(0.25) |
Net
asset value, end of year |
$8.85 |
$12.65
|
$10.25
|
$11.14
|
$9.79
|
Total
Return(b) |
(27.99)% |
25.92% |
(6.63)% |
22.47% |
(5.77)% |
Net
assets, end of year (in 000’s) |
$1,202 |
$54 |
$50 |
$54 |
$905 |
Ratio
of net expenses to average net assets |
1.34% |
1.34% |
1.35% |
1.36% |
1.37% |
Ratio
of total expenses to average net assets |
1.70% |
1.58% |
1.60% |
1.52% |
1.52% |
Ratio
of net investment income to average net assets |
1.93% |
0.80% |
1.21% |
1.55% |
1.85% |
Portfolio
turnover rate(c)
|
80% |
52% |
75% |
42% |
67% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Class
C Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$12.55 |
$10.18
|
$11.09
|
$9.79 |
$10.64 |
Net
investment income(a)
|
0.07 |
0.01 |
0.04 |
0.11 |
0.12 |
Net
realized and unrealized gain (loss) |
(3.65) |
2.53 |
(0.87) |
1.98 |
(0.80) |
Total
from investment operations |
(3.58) |
2.54 |
(0.83) |
2.09 |
(0.68) |
Distributions
to shareholders from net investment income |
(0.03) |
(0.17) |
(0.05) |
(0.49) |
(0.12) |
Distributions
to shareholders from net realized gains |
(0.13) |
— |
(0.02) |
(0.30) |
— |
Distributions
to shareholders from return of capital |
(0.05) |
— |
(0.01) |
— |
(0.05) |
Total distributions |
(0.21) |
(0.17) |
(0.08) |
(0.79) |
(0.17) |
Net
asset value, end of year |
$8.76 |
$12.55
|
$10.18
|
$11.09
|
$9.79
|
Total
Return(b) |
(28.55)% |
25.01% |
(7.39)% |
21.60% |
(6.45)% |
Net
assets, end of year (in 000’s) |
$52 |
$63 |
$50 |
$66 |
$27 |
Ratio
of net expenses to average net assets |
2.09% |
2.09% |
2.10% |
2.11% |
2.12% |
Ratio
of total expenses to average net assets |
2.41% |
2.33% |
2.34% |
2.29% |
2.27% |
Ratio
of net investment income to average net assets |
0.71% |
0.05% |
0.45% |
0.96% |
1.20% |
Portfolio
turnover rate(c)
|
80% |
52% |
75% |
42% |
67% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$12.65 |
$10.25
|
$11.13
|
$9.82 |
$10.66 |
Net
investment income (loss)(a)
|
0.22 |
0.13 |
0.15 |
0.22 |
(0.03) |
Net
realized and unrealized gain (loss) |
(3.71) |
2.55 |
(0.87) |
2.00 |
(0.54) |
Total
from investment operations |
(3.49) |
2.68 |
(0.72) |
2.22 |
(0.57) |
Distributions
to shareholders from net investment income |
(0.08) |
(0.28) |
(0.13) |
(0.61) |
(0.22) |
Distributions
to shareholders from net realized gains |
(0.13) |
— |
(0.02) |
(0.30) |
— |
Distributions
to shareholders from return of capital |
(0.09) |
— |
(0.01) |
— |
(0.05) |
Total distributions |
(0.30) |
(0.28) |
(0.16) |
(0.91) |
(0.27) |
Net
asset value, end of year |
$8.86 |
$12.65
|
$10.25
|
$11.13
|
$9.82
|
Total
Return(b) |
(27.72)% |
26.38% |
(6.26)% |
22.91% |
(5.41)% |
Net
assets, end of year (in 000’s) |
$4,225 |
$411 |
$2,150 |
$2,131 |
$1,855 |
Ratio
of net expenses to average net assets |
0.97% |
0.97% |
0.97% |
0.97% |
1.00% |
Ratio
of total expenses to average net assets |
1.32% |
1.21% |
1.22% |
1.15% |
1.18% |
Ratio
of net investment income (loss) to average
net assets |
2.26% |
1.17% |
1.60% |
1.98% |
(0.26)% |
Portfolio
turnover rate(c)
|
80% |
52% |
75% |
42% |
67% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$12.62 |
$10.23
|
$11.11
|
$9.80 |
$10.65 |
Net
investment income(a)
|
0.19 |
0.12 |
0.14 |
0.21 |
0.23 |
Net
realized and unrealized gain (loss) |
(3.69) |
2.54 |
(0.87) |
2.00 |
(0.81) |
Total
from investment operations |
(3.50) |
2.66 |
(0.73) |
2.21 |
(0.58) |
Distributions
to shareholders from net investment income |
(0.08) |
(0.27) |
(0.12) |
(0.60) |
(0.22) |
Distributions
to shareholders from net realized gains |
(0.13) |
— |
(0.02) |
(0.30) |
— |
Distributions
to shareholders from return of capital |
(0.08) |
— |
(0.01) |
— |
(0.05) |
Total distributions |
(0.29) |
(0.27) |
(0.15) |
(0.90) |
(0.27) |
Net
asset value, end of year |
$8.83 |
$12.62
|
$10.23
|
$11.11
|
$9.80
|
Total
Return(b) |
(27.85)% |
26.20% |
(6.37)% |
22.79% |
(5.50)% |
Net
assets, end of year (in 000’s) |
$63 |
$40 |
$32 |
$34 |
$27 |
Ratio
of net expenses to average net assets |
1.09% |
1.09% |
1.10% |
1.11% |
1.12% |
Ratio
of total expenses to average net assets |
1.42% |
1.33% |
1.34% |
1.29% |
1.27% |
Ratio
of net investment income to average net assets |
1.90% |
1.05% |
1.45% |
1.85% |
2.20% |
Portfolio
turnover rate(c)
|
80% |
52% |
75% |
42% |
67% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Class
R6 Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$12.63 |
$10.23 |
$11.11 |
$9.80 |
$10.66
|
Net
investment income(a)
|
0.18 |
0.14 |
0.15 |
0.21 |
0.29 |
Net
realized and unrealized gain (loss) |
(3.67) |
2.55 |
(0.87) |
2.01 |
(0.86) |
Total
from investment operations |
(3.49) |
2.69 |
(0.72) |
2.22 |
(0.57) |
Distributions
to shareholders from net investment income |
(0.11) |
(0.29) |
(0.13) |
(0.61) |
(0.24) |
Distributions
to shareholders from net realized gains |
(0.13) |
— |
(0.02) |
(0.30) |
— |
Distributions
to shareholders from return of capital |
(0.06) |
— |
(0.01) |
— |
(0.05) |
Total distributions |
(0.30) |
(0.29) |
(0.16) |
(0.91) |
(0.29) |
Net
asset value, end of year |
$8.84 |
$12.63 |
$10.23 |
$11.11 |
$9.80 |
Total
Return(b) |
(27.76)% |
26.45% |
(6.27)% |
22.97% |
(5.44)% |
Net
assets, end of year (in 000’s) |
$67,730 |
$126,806 |
$144,290 |
$193,139 |
$259,662 |
Ratio
of net expenses to average net assets |
0.96% |
0.96% |
0.96% |
0.96% |
0.97% |
Ratio
of total expenses to average net assets |
1.27% |
1.20% |
1.20% |
1.14% |
1.11% |
Ratio
of net investment income to average net assets |
1.71% |
1.18% |
1.58% |
1.90% |
2.76% |
Portfolio
turnover rate(c)
|
80% |
52% |
75% |
42% |
67% |
|
Goldman
Sachs Global Real Estate Securities
Fund | ||||
|
Class
R Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$12.59 |
$10.21
|
$11.10
|
$9.80 |
$10.65 |
Net
investment income(a)
|
0.12 |
0.06 |
0.09 |
0.15 |
0.18 |
Net
realized and unrealized gain (loss) |
(3.66) |
2.54 |
(0.87) |
1.99 |
(0.81) |
Total
from investment operations |
(3.54) |
2.60 |
(0.78) |
2.14 |
(0.63) |
Distributions
to shareholders from net investment income |
(0.06) |
(0.22) |
(0.08) |
(0.54) |
(0.17) |
Distributions
to shareholders from net realized gains |
(0.13) |
— |
(0.02) |
(0.30) |
— |
Distributions
to shareholders from return of capital |
(0.06) |
— |
(0.01) |
— |
(0.05) |
Total distributions |
(0.25) |
(0.22) |
(0.11) |
(0.84) |
(0.22) |
Net
asset value, end of year |
$8.80 |
$12.59
|
$10.21
|
$11.10
|
$9.80
|
Total
Return(b) |
(28.21)% |
25.56% |
(6.83)% |
22.10% |
(5.97)% |
Net
assets, end of year (in 000’s) |
$28 |
$39 |
$31 |
$33 |
$27 |
Ratio
of net expenses to average net assets |
1.59% |
1.59% |
1.60% |
1.61% |
1.62% |
Ratio
of total expenses to average net assets |
1.90% |
1.83% |
1.84% |
1.79% |
1.77% |
Ratio
of net investment income to average net assets |
1.16% |
0.55% |
0.95% |
1.35% |
1.70% |
Portfolio
turnover rate(c)
|
80% |
52% |
75% |
42% |
67% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Class A
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$13.45
|
$11.78
|
$12.47
|
$9.68 |
$10.85 |
Net
investment income(a)
|
0.18 |
0.15 |
0.14 |
0.18 |
0.19 |
Net
realized and unrealized gain (loss) |
(1.20) |
1.74 |
(0.64) |
2.83 |
(1.19) |
Total
from investment operations |
(1.02) |
1.89 |
(0.50) |
3.01 |
(1.00) |
Distributions
to shareholders from net investment income |
(0.14) |
(0.18) |
(0.16) |
(0.19) |
(0.17) |
Distributions
to shareholders from net realized gains |
— |
(0.04) |
— |
— |
— |
Distributions
to shareholders from return of capital |
(0.02) |
— |
(0.03) |
(0.03) |
— |
Total
distributions |
(0.16) |
(0.22) |
(0.19) |
(0.22) |
(0.17) |
Net
asset value, end of year |
$12.27
|
$13.45
|
$11.78
|
$12.47
|
$9.68
|
Total
Return(b) |
(7.62)% |
16.15% |
(3.97)% |
31.22% |
(9.31)% |
Net
assets, end of year (in 000’s) |
$296 |
$1,302 |
$357 |
$782 |
$1,376 |
Ratio
of net expenses to average net assets |
1.35% |
1.35% |
1.34% |
1.36% |
1.38% |
Ratio
of total expenses to average net assets |
1.41% |
1.45% |
1.56% |
1.51% |
1.51% |
Ratio
of net investment income to average net assets |
1.44% |
1.14% |
1.17% |
1.53% |
1.83% |
Portfolio
turnover rate(c)
|
36% |
50% |
57% |
39% |
67% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Class C
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$13.34
|
$11.70
|
$12.41
|
$9.65 |
$10.84 |
Net
investment income(a)
|
0.09 |
0.05 |
0.02 |
0.11 |
0.10 |
Net
realized and unrealized gain (loss) |
(1.20) |
1.73 |
(0.62) |
2.80 |
(1.17) |
Total
from investment operations |
(1.11) |
1.78 |
(0.60) |
2.91 |
(1.07) |
Distributions
to shareholders from net investment income |
(0.11) |
(0.10) |
(0.09) |
(0.13) |
(0.12) |
Distributions
to shareholders from net realized gains |
— |
(0.04) |
— |
— |
— |
Distributions
to shareholders from return of capital |
(0.01)
|
— |
(0.02) |
(0.02) |
— |
Total
distributions |
(0.12) |
(0.14) |
(0.11) |
(0.15) |
(0.12) |
Net
asset value, end of year |
$12.11
|
$13.34
|
$11.70
|
$12.41
|
$9.65
|
Total
Return(b) |
(8.29)% |
15.28% |
(4.78)% |
30.31% |
(9.96)% |
Net
assets, end of year (in 000’s) |
$454 |
$622 |
$868 |
$2,607 |
$1,383 |
Ratio
of net expenses to average net assets |
2.10% |
2.10% |
2.09% |
2.11% |
2.13% |
Ratio
of total expenses to average net assets |
2.17% |
2.20% |
2.30% |
2.26% |
2.26% |
Ratio
of net investment income to average net assets |
0.71% |
0.39% |
0.21% |
1.01% |
1.00% |
Portfolio
turnover rate(c)
|
36% |
50% |
57% |
39% |
67% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Institutional
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$13.47 |
$11.80
|
$12.50
|
$9.71 |
$10.85 |
Net
investment income(a)
|
0.25 |
0.19 |
0.21 |
0.19 |
0.06 |
Net
realized and unrealized gain (loss) |
(1.22) |
1.74 |
(0.68) |
2.87 |
(1.02) |
Total
from investment operations |
(0.97) |
1.93 |
(0.47) |
3.06 |
(0.96) |
Distributions
to shareholders from net investment income |
(0.23) |
(0.22) |
(0.17) |
(0.24) |
(0.18) |
Distributions
to shareholders from net realized gains |
— |
(0.04) |
— |
— |
— |
Distributions
to shareholders from return of capital |
(0.04)
|
— |
(0.06) |
(0.03) |
— |
Total
distributions |
(0.27) |
(0.26) |
(0.23) |
(0.27) |
(0.18) |
Net
asset value, end of year |
$12.23 |
$13.47
|
$11.80
|
$12.50
|
$9.71
|
Total
Return(b) |
(7.24)% |
16.50% |
(3.63)% |
31.66% |
(8.89)% |
Net
assets, end of year (in 000’s) |
$13,554 |
$8,983 |
$6,772 |
$1,264 |
$1,737 |
Ratio
of net expenses to average net assets |
0.99% |
0.99% |
0.99% |
1.00% |
0.99% |
Ratio
of total expenses to average net assets |
1.04% |
1.08% |
1.19% |
1.13% |
1.06% |
Ratio
of net investment income to average net assets |
1.94% |
1.50% |
1.82% |
1.70% |
0.54% |
Portfolio
turnover rate(c)
|
36% |
50% |
57% |
39% |
67% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Investor
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$13.46
|
$11.78
|
$12.47
|
$9.68 |
$10.85 |
Net
investment income(a)
|
0.27 |
0.18 |
0.10 |
0.22 |
0.20 |
Net
realized and unrealized gain (loss) |
(1.27) |
1.75 |
(0.58) |
2.82 |
(1.18) |
Total
from investment operations |
(1.00) |
1.93 |
(0.48) |
3.04 |
(0.98) |
Distributions
to shareholders from net investment income |
(0.21) |
(0.21) |
(0.19) |
(0.22) |
(0.19) |
Distributions
to shareholders from net realized gains |
— |
(0.04) |
— |
— |
— |
Distributions
to shareholders from return of capital |
(0.04) |
— |
(0.02) |
(0.03) |
— |
Total
distributions |
(0.25) |
(0.25) |
(0.21) |
(0.25) |
(0.19) |
Net
asset value, end of year |
$12.21
|
$13.46
|
$11.78
|
$12.47
|
$9.68
|
Total
Return(b) |
(7.41)% |
16.49% |
(3.80)% |
31.49% |
(9.00)% |
Net
assets, end of year (in 000’s) |
$1,720 |
$248 |
$181 |
$929 |
$279 |
Ratio
of net expenses to average net assets |
1.10% |
1.10% |
1.09% |
1.10% |
1.13% |
Ratio
of total expenses to average net assets |
1.16% |
1.20% |
1.29% |
1.26% |
1.25% |
Ratio
of net investment income to average net assets |
2.17% |
1.39% |
0.86% |
1.96% |
1.95% |
Portfolio
turnover rate(c)
|
36% |
50% |
57% |
39% |
67% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Class R6
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$13.44 |
$11.77 |
$12.47 |
$9.69 |
$10.85
|
Net
investment income(a)
|
0.24 |
0.19 |
0.18 |
0.23 |
0.22 |
Net
realized and unrealized gain (loss) |
(1.21) |
1.74 |
(0.65) |
2.82 |
(1.18) |
Total
from investment operations |
(0.97) |
1.93 |
(0.47) |
3.05 |
(0.96) |
Distributions
to shareholders from net investment income |
(0.24) |
(0.22) |
(0.19) |
(0.24) |
(0.20) |
Distributions
to shareholders from net realized gains |
— |
(0.04) |
— |
— |
— |
Distributions
to shareholders from return of capital |
(0.03) |
— |
(0.04) |
(0.03) |
— |
Total
distributions |
(0.27) |
(0.26) |
(0.23) |
(0.27) |
(0.20) |
Net
asset value, end of year |
$12.20 |
$13.44 |
$11.77 |
$12.47 |
$9.69 |
Total
Return(b) |
(7.25)% |
16.55% |
(3.64)% |
31.63% |
(8.88)% |
Net
assets, end of year (in 000’s) |
$128,064 |
$166,430 |
$160,304 |
$187,335 |
$183,306 |
Ratio
of net expenses to average net assets |
0.98% |
0.98% |
0.98% |
0.99% |
0.98% |
Ratio
of total expenses to average net assets |
1.04% |
1.07% |
1.18% |
1.11% |
1.10% |
Ratio
of net investment income to average net assets |
1.86% |
1.51% |
1.57% |
1.94% |
2.17% |
Portfolio
turnover rate(c)
|
36% |
50% |
57% |
39% |
67% |
|
Goldman
Sachs Global Infrastructure Fund | ||||
|
Class R
Shares | ||||
|
Year
Ended December 31, | ||||
|
2022 |
2021 |
2020 |
2019 |
2018 |
Per
Share Data: | |||||
Net
asset value, beginning of year |
$13.45
|
$11.78
|
$12.48
|
$9.69 |
$10.85 |
Net
investment income(a)
|
0.16 |
0.11 |
0.12 |
0.16 |
0.14 |
Net
realized and unrealized gain (loss) |
(1.22) |
1.75 |
(0.66) |
2.82 |
(1.16) |
Total
from investment operations |
(1.06) |
1.86 |
(0.54) |
2.98 |
(1.02) |
Distributions
to shareholders from net investment income |
(0.17) |
(0.15) |
(0.13) |
(0.17) |
(0.14) |
Distributions
to shareholders from net realized gains |
— |
(0.04) |
— |
— |
— |
Distributions
to shareholders from return of capital |
(0.02) |
— |
(0.03) |
(0.02) |
— |
Total
distributions |
(0.19) |
(0.19) |
(0.16) |
(0.19) |
(0.14) |
Net
asset value, end of year |
$12.20
|
$13.45
|
$11.78
|
$12.48
|
$9.69
|
Total
Return(b) |
(7.91)% |
15.84% |
(4.24)% |
30.94% |
(9.49)% |
Net
assets, end of year (in 000’s) |
$34 |
$37 |
$32 |
$33 |
$25 |
Ratio
of net expenses to average net assets |
1.60% |
1.60% |
1.59% |
1.61% |
1.63% |
Ratio
of total expenses to average net assets |
1.67% |
1.71% |
1.82% |
1.77% |
1.75% |
Ratio
of net investment income to average net assets |
1.26% |
0.89% |
1.01% |
1.42% |
1.30% |
Portfolio
turnover rate(c)
|
36% |
50% |
57% |
39% |
67% |
MERRILL
LYNCH |
AMERIPRISE
FINANCIAL |
MORGAN
STANLEY WEALTH MANAGEMENT |
RAYMOND
JAMES & ASSOCIATES, INC., RAYMOND JAMES FINANCIAL SERVICES, INC. AND
EACH ENTITY’S AFFILIATES
(“RAYMOND
JAMES”) |
JANNEY
MONTGOMERY SCOTT LLC |
EDWARD
D. JONES & CO., L.P. (“Edward
Jones”) |
OPPENHEIMER
& CO. INC. |
ROBERT
W. BAIRD & CO. (“BAIRD”) |
FOR
MORE INFORMATION |
|
Institutional,
Service & Class R6 |
Class
A, C, Investor & R |
◼ By
telephone: |
1-800-621-2550 |
1-800-526-7384 |
◼ By
mail: |
Goldman
Sachs Funds
P.O.
Box 806395
Chicago,
IL 60680-4125 |
Goldman
Sachs Funds
P.O.
Box 219711
Kansas
City, MO 64121 |
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|