GOLDMAN SACHS VARIABLE INSURANCE TRUST

Form Type: 497

Filing Date: 2024-12-13

Corporate Action: Liquidation

Type: New

Accession Number: 000119312524278195

Comments: The Board of Trustees of Goldman Sachs Variable Insurance Trust approved a proposal to liquidate the Goldman Sachs Multi-Strategy Alternatives Portfolio on December 11-12, 2024. The liquidation is scheduled to occur on or about April 11, 2025. The decision is in the best interest of the Fund and its shareholders. As of January 16, 2025, new purchases by separate accounts and new shareholders will be suspended, but existing shareholders can continue to buy shares until April 7, 2025. The Fund will transition its investment portfolio to cash or liquid assets before the Liquidation Date, and redemptions of outstanding shares will automatically occur on that date. Shareholders will receive their proportionate interest in the Fund's net assets and accrued earnings upon liquidation, although increased transaction costs due to liquidation may impact shareholders. The liquidation is not expected to trigger taxable events for the Fund or its variable annuity or insurance policy holders. Shareholders are advised to consult their tax advisers regarding potential tax implications.

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Form Type: 497K

Filing Date: 2024-12-13

Corporate Action: Liquidation

Type: New

Accession Number: 000119312524278209

Comments: The Board of Trustees of Goldman Sachs Variable Insurance Trust approved the liquidation of the Goldman Sachs Multi-Strategy Alternatives Portfolio, determined to be in the best interest of the Fund and its shareholders. The liquidation is scheduled for on or about April 11, 2025. Sales of Fund shares will cease for new investors on January 16, 2025, while existing shareholders can continue purchasing shares until April 7, 2025. The Fund is permitted to deviate from its stated investment policies in preparation for the liquidation, primarily transitioning to cash or liquid assets. Upon liquidation, all outstanding shares will be redeemed automatically, with proceeds distributed based on shareholders' proportionate interests in the net assets. The liquidation is expected to avoid being a taxable event for the Fund and holders of certain insurance contracts. Shareholders are advised to consult tax advisors regarding implications of the liquidation.

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