AN
INVESTMENT IN THE FUND IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT
INSURANCE
CORPORATION OR ANY OTHER GOVERNMENT AGENCY. AN INVESTMENT IN THE FUND
INVOLVES
INVESTMENT RISKS, AND YOU MAY LOSE MONEY IN 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) |
|
|
|
|
|
|
Maximum
Deferred Sales Charge (Load) (as a percentage of the
lower
of original purchase price or sale proceeds)1
|
|
|
|
|
|
|
|
Class
A |
Class
C |
Institutional |
Investor |
Class
R |
Class
R6 |
Management
Fees |
|
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
|
Other
Expenses2 |
|
|
|
|
|
|
Service
Fees |
|
|
|
|
|
|
All
Other Expenses |
|
|
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
|
|
Expense
Limitation3 |
( |
( |
( |
( |
( |
( |
Total
Annual Fund Operating Expenses After Expense
Limitation |
|
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Institutional
Shares |
$ |
$ |
$ |
$ |
Investor
Shares |
$ |
$ |
$ |
$ |
Class
R Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date | |
Class
A Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Class
C Shares |
|
|
|
|
Returns
Before Taxes |
- |
- |
|
|
Institutional
Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Returns
After Taxes on Distributions |
- |
- |
- |
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
- |
- |
|
|
Investor
Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
Class
R Shares |
|
|
|
|
Returns |
- |
|
|
|
Class
R6 Shares |
|
|
|
|
Returns
Before Taxes |
- |
|
|
|
ICE
Bank of America Merrill Lynch Three-Month US Treasury Bill 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 |
INVESTMENT
OBJECTIVE |
PRINCIPAL
INVESTMENT STRATEGIES |
ADDITIONAL
FEES AND EXPENSES INFORMATION |
ADDITIONAL
PERFORMANCE INFORMATION |
OTHER
INVESTMENT PRACTICES AND
SECURITIES |
10
Percent of total assets (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 |
Long
Short
Credit
Strategies
Fund |
Investment
Practices |
|
Borrowings |
33 1∕3 |
Credit,
Correlation, Currency, Equity, Index, Inflation, Inflation Asset, Interest
Rate, Mortgage, Total Return, Variance and Volatility Swaps (and
options
on swaps)1
|
• |
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 |
Interest
Rate Caps, Floors and Collars |
• |
Investment
Company Securities (including ETFs)2
|
10 |
Mortgage
Dollar Rolls |
• |
Options3
|
• |
Options
on Foreign Currencies4
|
• |
Preferred
Stock |
• |
Repurchase
Agreements |
• |
Reverse
Repurchase Agreements |
• |
Short
Sales |
• |
Standby
Commitments and Tender Bond Options |
• |
When-Issued
Securities and Forward Commitments |
• |
10 Percent
of total assets (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 |
Long
Short
Credit
Strategies
Fund |
Investment
Securities |
|
Asset-Backed
Securities |
• |
Bank
Obligations |
• |
Collateralized
Debt Obligations |
• |
Commodity-Linked
Derivative Instruments |
• |
Convertible
Securities |
• |
Corporate
Debt Obligations and Trust Preferred Securities |
• |
Emerging
Country Securities |
• |
Equity
Investments |
• |
Fixed
Income Securities |
• |
Floating
and Variable Rate Obligations |
• |
Foreign
Government Securities |
• |
Foreign
Securities1
|
• |
Loans
and Loan Participations |
• |
Mortgage-Related
Securities |
|
Adjustable
Rate Mortgage Loans |
• |
Collateralized
Mortgage Obligations |
• |
Fixed
Rate Mortgage Loans |
• |
Government
Issued Mortgage-Backed Securities |
• |
Multiple
Class Mortgage-Backed Securities |
• |
Privately
Issued Mortgage-Backed Securities |
• |
Stripped
Mortgage-Backed Securities |
• |
Municipal
Securities |
• |
Non-Investment
Grade Fixed Income Securities |
• |
Preferred
Stock, Warrants and Rights |
• |
Real
Estate Investment Trusts |
• |
Structured
Securities (which may include credit linked notes) |
• |
Temporary
Investments |
• |
U.S.
Government Securities |
• |
Yield
Curve Options and Inverse Floating Rate Securities |
• |
✓ Principal
Risk
• Additional
Risk |
Long
Short
Credit
Strategies
Fund |
Call/Prepayment |
✓ |
Collateralized
Loan Obligations and Other Collateralized Debt
Obligations |
✓ |
Commodity
Sector |
• |
Contingent
Convertible Instruments |
• |
Counterparty |
✓ |
Credit/Default |
✓ |
Cybersecurity |
• |
Derivatives |
✓ |
Distressed
Debt |
• |
Emerging
Countries |
• |
ESG
Integration |
• |
Extension |
• |
Floating
and Variable Rate Obligations |
✓ |
Foreign |
✓ |
Interest
Rate |
✓ |
Large
Shareholder Transactions |
✓ |
Leverage |
✓ |
Liquidity |
✓ |
Loan-Related
Investments |
✓ |
Management |
✓ |
Market |
✓ |
Mortgage-Backed
and Other Asset-Backed Securities |
• |
Municipal
Securities |
• |
NAV |
• |
Non-Hedging
Foreign Currency Trading |
• |
Non-Investment
Grade Fixed Income Securities |
✓ |
Other
Investment Companies |
✓ |
Portfolio
Turnover Rate |
✓ |
Short
Position |
✓ |
Sovereign
Default |
• |
Economic |
• |
Political |
• |
Repayment |
• |
Special
Situations Investments |
✓ |
Stock |
• |
Swaps |
✓ |
U.S.
Government Securities |
✓ |
INVESTMENT
ADVISER |
Investment
Adviser |
Fund |
Goldman
Sachs Asset Management, L.P. (“GSAM”)
200
West Street
New
York, NY 10282 |
Long
Short Credit Strategies |
MANAGEMENT
FEES AND OTHER EXPENSES |
Fund: |
Contractual
Management
Fee
Annual Rate |
Average
Daily
Net
Assets |
Actual
Rate For the Fiscal
Year
Ended March 31, 2023* |
Long
Short Credit Strategies |
1.00% |
First $1
Billion |
0.99% |
|
0.90% |
Next $1
Billion |
|
|
0.86% |
Next $3
Billion |
|
|
0.84% |
Next $3
Billion |
|
Fund: |
Contractual
Management
Fee
Annual Rate |
Average
Daily
Net
Assets |
Actual
Rate For the Fiscal
Year
Ended March 31, 2023* |
|
0.82% |
Over $8
Billion |
|
FUND
MANAGERS |
Name
and Title |
Fund
Responsibility |
Years
Primarily
Responsible |
Five
Year Employment History |
Aakash
Thombre
Vice
President |
Portfolio
Manager—
Long
Short Credit Strategies |
Since
2021 |
Mr.
Thombre is a portfolio manager specializing in multi-sector
credit,
high yield, bank loan, and emerging market corporate debt.
He
joined the Investment Adviser in 2007. |
Michael
McGuiness
Vice
President,
Head
of Opportunistic Corporate
Credit
within Global Fixed Income |
Portfolio
Manager—
Long
Short Credit Strategies |
Since
2019 |
Mr.
McGuiness is the Head of Opportunistic Corporate Credit and a
portfolio
manager within Global Fixed Income. Prior to joining the
Investment
Adviser in 2015, Mr. McGuiness was a partner and
portfolio
manager with a focus on credit selection at Taurasi Capital
Management,
Battleground Capital Management, Ore Hill Partners,
and
W.R. Huff Asset Management. |
Ashish
Shah
Managing
Director,
Co-Chief
Investment Officer, Global
Fixed
Income |
Portfolio
Manager—
Long
Short Credit Strategies |
Since
2019 |
Mr.
Shah is Co-Chief Investment Officer of Global Fixed Income,
Global
Head of Corporate Credit and Head of the Cross-Sector
Strategy
within Fixed Income. Mr. Shah joined the Investment
Adviser
in 2018. Mr. Shah was previously at AllianceBernstein
from
2010 to 2018, where he was most recently the Head of Fixed
Income
and Chief Investment Officer of Global
Credit. |
DISTRIBUTOR
AND TRANSFER AGENT |
ACTIVITIES
OF GOLDMAN SACHS AND ITS AFFILIATES AND OTHER
ACCOUNTS
MANAGED BY GOLDMAN SACHS |
|
Investment
Income
Dividends |
Capital
Gains
Distributions | |
Fund |
Declared |
Paid |
Declared
and Paid |
Long
Short Credit Strategies |
Daily |
Monthly |
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 $100,000 |
3.75% |
3.90% |
3.25% |
$100,000
up to (but less than) $250,000 |
3.00 |
3.09 |
2.50 |
$250,000
up to (but less than) $500,000 |
2.50 |
2.56 |
2.00 |
$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 |
RESTRICTIONS
ON EXCESSIVE TRADING
PRACTICES |
DISTRIBUTIONS |
SALES
AND EXCHANGES |
OTHER
INFORMATION |
A.
General Portfolio Risks |
B.
Other Portfolio Risks |
|
Goldman
Sachs Long Short Credit Strategies Fund | |||||||||
|
Class
A Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.52 |
$8.92 |
$7.93 |
$8.71 |
$9.19 | |||||
Net
investment income (a) |
0.37 |
0.28 |
0.28 |
0.33 |
0.38 | |||||
Net
realized and unrealized gain (loss) |
(0.73
) |
(0.35
) |
0.99 |
(0.73
) |
(0.34
) | |||||
Total
from investment operations |
(0.36
) |
(0.07
) |
1.27 |
(0.40
) |
0.04 | |||||
Distributions
to shareholders from net investment income |
(0.42
) |
(0.33
) |
(0.28
) |
(0.38
) |
(0.52
) | |||||
Net
asset value, end of year |
$7.74 |
$8.52 |
$8.92 |
$7.93 |
$8.71 | |||||
Total
return(b) |
(4.11
)% |
(0.91
)% |
16.07
% |
(4.90
)% |
0.61
% | |||||
Net
assets, end of year (in 000s) |
$818 |
$1,486 |
$1,894 |
$978 |
$3,169 | |||||
Ratio
of net expenses to average net assets |
1.45
% |
1.46
% |
1.46
% |
1.47
% |
1.47
% | |||||
Ratio
of total expenses to average net assets |
1.88
% |
1.70
% |
1.72
% |
1.84
% |
1.74
% | |||||
Ratio
of net investment income to average net assets |
4.67
% |
3.14
% |
3.19
% |
3.74
% |
4.15
% | |||||
Portfolio
turnover rate(c) |
22
% |
56
% |
112
% |
164
% |
220
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
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. |
(c) |
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 Long Short Credit Strategies Fund | |||||||||
|
Class
C Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.52 |
$8.91 |
$7.93 |
$8.70 |
$9.19 | |||||
Net
investment income(a) |
0.31 |
0.21 |
0.22 |
0.26 |
0.31 | |||||
Net
realized and unrealized gain (loss) |
(0.74
) |
(0.34
) |
0.97 |
(0.72
) |
(0.34
) | |||||
Total
from investment operations |
(0.43
) |
(0.13
) |
1.19 |
(0.46
) |
(0.03
) | |||||
Distributions
to shareholders from net investment income |
(0.36
) |
(0.26
) |
(0.21
) |
(0.31
) |
(0.46
) | |||||
Net
asset value, end of year |
$7.73 |
$8.52 |
$8.91 |
$7.93 |
$8.70 | |||||
Total
return(b) |
(4.95
)% |
(1.54
)% |
15.08
% |
(5.50
)% |
(0.25
)% | |||||
Net
assets, end of year (in 000s) |
$112 |
$179 |
$423 |
$543 |
$1,092 | |||||
Ratio
of net expenses to average net assets |
2.21
% |
2.20
% |
2.21
% |
2.22
% |
2.22
% | |||||
Ratio
of total expenses to average net assets |
2.64
% |
2.45
% |
2.51
% |
2.60
% |
2.52
% | |||||
Ratio
of net investment income to average net assets |
3.93
% |
2.36
% |
2.52
% |
3.00
% |
3.39
% | |||||
Portfolio
turnover rate(c) |
22
% |
56
% |
112
% |
164
% |
220
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
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. |
(c) |
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 Long Short Credit Strategies Fund | |||||||||
|
Institutional
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.51 |
$8.91 |
$7.92 |
$8.70 |
$9.18 | |||||
Net
investment income(a) |
0.40 |
0.31 |
0.31 |
0.35 |
0.41 | |||||
Net
realized and unrealized gain (loss) |
(0.73
) |
(0.36
) |
0.99 |
(0.72
) |
(0.34
) | |||||
Total
from investment operations |
(0.33
) |
(0.05
) |
1.30 |
(0.37
) |
0.07 | |||||
Distributions
to shareholders from net investment income |
(0.45
) |
(0.35
) |
(0.31
) |
(0.41
) |
(0.55
) | |||||
Net
asset value, end of year |
$7.73 |
$8.51 |
$8.91 |
$7.92 |
$8.70 | |||||
Total
return(b) |
(3.80
)% |
(0.59
)% |
16.47
% |
(4.59
)% |
0.84
% | |||||
Net
assets, end of year (in 000s) |
$8,574 |
$15,884 |
$14,905 |
$14,592 |
$22,611 | |||||
Ratio
of net expenses to average net assets |
1.12
% |
1.12
% |
1.13
% |
1.13
% |
1.13
% | |||||
Ratio
of total expenses to average net assets |
1.55
% |
1.37
% |
1.42
% |
1.50
% |
1.30
% | |||||
Ratio
of net investment income to average net assets |
4.98
% |
3.46
% |
3.57
% |
4.07
% |
4.45
% | |||||
Portfolio
turnover rate(c) |
22
% |
56
% |
112
% |
164
% |
220
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
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. |
(c) |
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 Long Short Credit Strategies Fund | |||||||||
|
Investor
Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.52 |
$8.92 |
$7.93 |
$8.70 |
$9.19 | |||||
Net
investment income(a) |
0.39 |
0.30 |
0.31 |
0.35 |
0.40 | |||||
Net
realized and unrealized gain (loss) |
(0.74
) |
(0.35
) |
0.98 |
(0.72
) |
(0.34
) | |||||
Total
from investment operations |
(0.35
) |
(0.05
) |
1.29 |
(0.37
) |
0.06 | |||||
Distributions
to shareholders from net investment income |
(0.44
) |
(0.35
) |
(0.30
) |
(0.40
) |
(0.55
) | |||||
Net
asset value, end of year |
$7.73 |
$8.52 |
$8.92 |
$7.93 |
$8.70 | |||||
Total
return(b) |
(4.00
)% |
(0.66
)% |
16.36
% |
(4.56
)% |
0.75
% | |||||
Net
assets, end of year (in 000s) |
$1,414 |
$2,633 |
$2,406 |
$2,187 |
$4,261 | |||||
Ratio
of net expenses to average net assets |
1.20
% |
1.20
% |
1.21
% |
1.22
% |
1.22
% | |||||
Ratio
of total expenses to average net assets |
1.63
% |
1.45
% |
1.49
% |
1.59
% |
1.50
% | |||||
Ratio
of net investment income to average net assets |
4.91
% |
3.38
% |
3.49
% |
3.99
% |
4.41
% | |||||
Portfolio
turnover rate(c) |
22
% |
56
% |
112
% |
164
% |
220
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
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. |
(c) |
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 Long Short Credit Strategies Fund | |||||||||
|
Class
R6 Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.52 |
$8.91 |
$7.93 |
$8.70 |
$9.18 | |||||
Net
investment income(a) |
0.40 |
0.31 |
0.31 |
0.35 |
0.40 | |||||
Net
realized and unrealized gain (loss) |
(0.74
) |
(0.34
) |
0.98 |
(0.71
) |
(0.33
) | |||||
Total
from investment operations |
(0.34
) |
(0.03
) |
1.29 |
(0.36
) |
0.07 | |||||
Distributions
to shareholders from net investment income |
(0.45
) |
(0.36
) |
(0.31
) |
(0.41
) |
(0.55
) | |||||
Net
asset value, end of year |
$7.73 |
$8.52 |
$8.91 |
$7.93 |
$8.70 | |||||
Total
return(b) |
(3.91
)% |
(0.46
)% |
16.33
% |
(4.46
)% |
0.85
% | |||||
Net
assets, end of year (in 000s) |
$6,984 |
$5,353 |
$1,654 |
$2,218 |
$1,823 | |||||
Ratio
of net expenses to average net assets |
1.11
% |
1.11
% |
1.12
% |
1.12
% |
1.12
% | |||||
Ratio
of total expenses to average net assets |
1.55
% |
1.36
% |
1.39
% |
1.50
% |
1.43
% | |||||
Ratio
of net investment income to average net assets |
5.06
% |
3.51
% |
3.57
% |
4.07
% |
4.49
% | |||||
Portfolio
turnover rate(c) |
22
% |
56
% |
112
% |
164
% |
220
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
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. |
(c) |
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 Long Short Credit Strategies Fund | |||||||||
|
Class
R Shares | |||||||||
|
Year
Ended March 31, | |||||||||
|
2023 |
2022 |
2021 |
2020 |
2019 | |||||
Per
Share Data |
|
|
|
|
| |||||
Net
asset value, beginning of year |
$8.52 |
$8.91 |
$7.93 |
$8.70 |
$9.19 | |||||
Net
investment income(a) |
0.36 |
0.26 |
0.26 |
0.30 |
0.35 | |||||
Net
realized and unrealized gain (loss) |
(0.75
) |
(0.35
) |
0.98 |
(0.71
) |
(0.34
) | |||||
Total
from investment operations |
(0.39
) |
(0.09
) |
1.24 |
(0.41
) |
0.01 | |||||
Distributions
to shareholders from net investment income |
(0.40
) |
(0.30
) |
(0.26
) |
(0.36
) |
(0.50
) | |||||
Net
asset value, end of year |
$7.73 |
$8.52 |
$8.91 |
$7.93 |
$8.70 | |||||
Total
return(b) |
(4.48
)% |
(1.04
)% |
15.65
% |
(5.03
)% |
0.24
% | |||||
Net
assets, end of year (in 000s) |
$27 |
$28 |
$29 |
$24 |
$26 | |||||
Ratio
of net expenses to average net assets |
1.70
% |
1.70
% |
1.71
% |
1.72
% |
1.72
% | |||||
Ratio
of total expenses to average net assets |
2.16
% |
1.94
% |
1.98
% |
2.09
% |
2.01
% | |||||
Ratio
of net investment income to average net assets |
4.53
% |
2.88
% |
2.98
% |
3.48
% |
3.88
% | |||||
Portfolio
turnover rate(c) |
22
% |
56
% |
112
% |
164
% |
220
% |
(a) |
Calculated
based on the average shares outstanding
methodology. |
(b) |
Assumes
investment at the NAV at the beginning of the year, reinvestment of all
dividends and distributions, a complete redemption of the investment at
the
NAV
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. |
(c) |
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”) |
FOR
MORE INFORMATION |
|
Institutional
& Class R6 |
Class
A, C, Investor & R |
◼ By
telephone: |
1-800-621-2550 |
1-800-526-7384 |
◼ By
mail: |
Goldman
Sachs Funds
71
South Wacker Drive, Suite 1200
Chicago,
IL 60606 |
Goldman
Sachs Funds
P.O.
Box 219711
Kansas
City, MO 64121 |
◼ On
the Internet: |
SEC
EDGAR database – http://www.sec.gov |
|