| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Document Type | dei_DocumentType | Other |
| Document Period End Date | dei_DocumentPeriodEndDate | Mar. 31, 2011 |
| Registrant Name | dei_EntityRegistrantName | GOLDMAN SACHS TRUST |
| Central Index Key | dei_EntityCentralIndexKey | 0000822977 |
| Amendment Flag | dei_AmendmentFlag | false |
| Document Creation Date | dei_DocumentCreationDate | Jan. 24, 2012 |
| Document Effective Date | dei_DocumentEffectiveDate | Jan. 24, 2012 |
| Prospectus Date | rr_ProspectusDate | Jul. 29, 2011 |
|
Goldman Sachs Multi Sector Fixed Income Funds | Goldman Sachs Strategic Income Fund
|
||
| Risk/Return: | rr_RiskReturnAbstract | |
| Supplement [Text Block] | gst822977_SupplementTextBlock | GOLDMAN
SACHS TRUST
Goldman
Sachs Multi Sector Fixed Income Funds
Class A, Class C, Institutional, Class IR and Class R Shares of the Goldman Sachs Strategic Income Fund (the “Fund”) Supplement dated January 24, 2012 to the Prospectus dated July 29, 2011 (the “Prospectus”) The following replaces the fifth paragraph of the “Goldman Sachs
Strategic Income Fund—Summary—Principal Strategy” and “Investment Management
Approach—Principal Investment Strategies—Strategic Income Fund” sections of the
Prospectus:
The Fund may implement short positions and may do so by using swaps
or futures, or through short sales of any instrument that the Fund may purchase
for investment. For example, the Fund may enter into a futures contract pursuant
to which it agrees to sell an asset (that it does not currently own) at a
specified price at a specified point in the future. This gives the Fund a short
position with respect to that asset. The Fund will benefit to the extent the
asset decreases in value (and will be harmed to the extent the asset increases
in value) between the time it enters into the futures contract and the agreed
date of sale. Alternatively, the Fund may sell an instrument (e.g., a
bond, or a futures contract) it does not own in anticipation of a decline in the
market value of the instrument, and then borrow the instrument to make delivery
to the buyer. In these transactions, the Fund is obligated to replace the
instrument borrowed by purchasing it at the market price at the time of
replacement.
The following replaces the third paragraph in the “Goldman Sachs
Strategic Income Fund—Summary—Principal Risks of the Fund” section of the
Prospectus:
Derivatives Risk. Loss may result from the Fund’s
investments in options, futures, forwards, swaps, structured securities and
other derivative instruments. These instruments may be illiquid, difficult to
price and leveraged so that small changes may produce disproportionate losses to
the Fund. Derivatives are also subject to counterparty risk, which is the risk
that the other party in the transaction will not fulfill its contractual
obligation. Foreign exchange rates can be extremely volatile and a variance in
the degree of volatility of the market or in the direction of the market from
the Investment Adviser’s expectations for speculative forward foreign currency
transactions may produce significant losses to the Fund.
The following is added after the eleventh paragraph in the
“Goldman Sachs Strategic Income Fund—Summary—Principal Risks of the Fund”
section of the Prospectus:
Short Position Risk. The Fund may use derivatives,
including futures and swaps, to implement short positions, and may engage in
short selling. Taking short positions and short selling involve leverage of the Fund’s assets and present
various risks. If the price of the instrument or market which the Fund has taken
a short derivative position on increases, then the Fund will incur a loss equal
to the increase in price from the time that the short position was entered into
plus any premiums and interest paid to a third party. Therefore, taking short
derivative positions involves the risk that losses may be exaggerated,
potentially losing more money than the actual cost of the investment. Also,
there is the risk that the third party to the short derivative transaction may
fail to honor its contract terms, causing a loss to the Fund.
In order to sell an instrument short, the Fund must first borrow the
instrument from a lender, such as a broker or other institution. The Fund may
not always be able to borrow the instrument at a particular time or at an
acceptable price. Thus, there is risk that the Fund may be unable to implement
its investment strategy due to the lack of available instruments or for other
reasons. In short sales, the Fund is obligated to replace the instrument
borrowed by purchasing it at the market price at the time of replacement. The
price at such time may be more or less than the price at which the instrument
was sold by the Fund, which may result in a loss or gain, respectively. Unlike
purchasing a bond, where potential losses are limited to the purchase price and
there is no upside limit on potential gain, short sales involve no cap on
maximum losses, while gains are limited to the price of the bond at the time of
the short sale. |
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| Goldman Sachs Multi Sector Fixed Income Funds | Goldman Sachs Strategic Income Fund |
GOLDMAN
SACHS TRUST
Goldman
Sachs Multi Sector Fixed Income Funds
Class A, Class C, Institutional, Class IR and Class R Shares of the Goldman Sachs Strategic Income Fund (the “Fund”) Supplement dated January 24, 2012 to the Prospectus dated July 29, 2011 (the “Prospectus”) The following replaces the fifth paragraph of the “Goldman Sachs
Strategic Income Fund—Summary—Principal Strategy” and “Investment Management
Approach—Principal Investment Strategies—Strategic Income Fund” sections of the
Prospectus:
The Fund may implement short positions and may do so by using swaps
or futures, or through short sales of any instrument that the Fund may purchase
for investment. For example, the Fund may enter into a futures contract pursuant
to which it agrees to sell an asset (that it does not currently own) at a
specified price at a specified point in the future. This gives the Fund a short
position with respect to that asset. The Fund will benefit to the extent the
asset decreases in value (and will be harmed to the extent the asset increases
in value) between the time it enters into the futures contract and the agreed
date of sale. Alternatively, the Fund may sell an instrument (e.g., a
bond, or a futures contract) it does not own in anticipation of a decline in the
market value of the instrument, and then borrow the instrument to make delivery
to the buyer. In these transactions, the Fund is obligated to replace the
instrument borrowed by purchasing it at the market price at the time of
replacement.
The following replaces the third paragraph in the “Goldman Sachs
Strategic Income Fund—Summary—Principal Risks of the Fund” section of the
Prospectus:
Derivatives Risk. Loss may result from the Fund’s
investments in options, futures, forwards, swaps, structured securities and
other derivative instruments. These instruments may be illiquid, difficult to
price and leveraged so that small changes may produce disproportionate losses to
the Fund. Derivatives are also subject to counterparty risk, which is the risk
that the other party in the transaction will not fulfill its contractual
obligation. Foreign exchange rates can be extremely volatile and a variance in
the degree of volatility of the market or in the direction of the market from
the Investment Adviser’s expectations for speculative forward foreign currency
transactions may produce significant losses to the Fund.
The following is added after the eleventh paragraph in the
“Goldman Sachs Strategic Income Fund—Summary—Principal Risks of the Fund”
section of the Prospectus:
Short Position Risk. The Fund may use derivatives,
including futures and swaps, to implement short positions, and may engage in
short selling. Taking short positions and short selling involve leverage of the Fund’s assets and present
various risks. If the price of the instrument or market which the Fund has taken
a short derivative position on increases, then the Fund will incur a loss equal
to the increase in price from the time that the short position was entered into
plus any premiums and interest paid to a third party. Therefore, taking short
derivative positions involves the risk that losses may be exaggerated,
potentially losing more money than the actual cost of the investment. Also,
there is the risk that the third party to the short derivative transaction may
fail to honor its contract terms, causing a loss to the Fund.
In order to sell an instrument short, the Fund must first borrow the
instrument from a lender, such as a broker or other institution. The Fund may
not always be able to borrow the instrument at a particular time or at an
acceptable price. Thus, there is risk that the Fund may be unable to implement
its investment strategy due to the lack of available instruments or for other
reasons. In short sales, the Fund is obligated to replace the instrument
borrowed by purchasing it at the market price at the time of replacement. The
price at such time may be more or less than the price at which the instrument
was sold by the Fund, which may result in a loss or gain, respectively. Unlike
purchasing a bond, where potential losses are limited to the purchase price and
there is no upside limit on potential gain, short sales involve no cap on
maximum losses, while gains are limited to the price of the bond at the time of
the short sale. |