Liquidation: GOLDMAN SACHS TRUST

Form Type: 497

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525026998

Filing Summary: On February 14, 2025, Goldman Sachs Trust filed a supplement detailing the liquidation of the Goldman Sachs Global Real Estate Securities Fund. The Board of Trustees approved the proposal after careful consideration, determining that liquidation is in the best interest of the Fund and its shareholders. The liquidation is expected to take place on or about April 14, 2025. Shares will be suspended from purchase after March 14, 2025, though existing shareholders can buy shares until March 28, 2025. The Fund will transition to liquid assets prior to the Liquidation Date, with shareholders receiving proceeds from the automatic redemption of shares based on their proportionate interest in the Fund's net assets. There are provisions for shareholders to redeem or exchange their shares before the Liquidation Date without incurring certain fees, but they should consult tax advisers regarding potential tax consequences. This document serves as a critical notice that should be kept with other fund documents for reference.

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Form Type: 497K

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525027003

Filing Summary: The Board of Trustees of Goldman Sachs Trust approved the liquidation of the Goldman Sachs Global Real Estate Securities Fund at a meeting held on February 11-12, 2025. This decision was made upon the recommendation of Goldman Sachs Asset Management, L.P., after careful consideration of various factors deemed to be in the best interest of the Fund and its shareholders. The Fund is scheduled to be liquidated on or about April 14, 2025. As of March 14, 2025, shares of the Fund will no longer be available for purchase, although existing shareholders may continue to buy shares until March 28, 2025. The Fund may depart from its investment objectives and policies leading up to the liquidation to prepare for asset distribution. Following the Liquidation Date, all outstanding shares will be automatically redeemed, with shareholders receiving proceeds corresponding to their interest in the Fund’s net assets along with accrued earnings at that time. Shares in custodial IRA accounts will be exchanged for shares of the Goldman Sachs Financial Square Government Fund unless otherwise directed. It is noted that asset liquidation may incur increased transaction costs and potential capital gains implications, which shareholders should consider with their tax advisors. Shareholders have the option to redeem their shares for cash or exchange for other Goldman Sachs Funds prior to the Liquidation Date. Redemptions occurring before this date may adversely affect the Fund’s net asset value per share.

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