0001193125-14-450176.txt : 20141222 0001193125-14-450176.hdr.sgml : 20141222 20141222125541 ACCESSION NUMBER: 0001193125-14-450176 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20141222 DATE AS OF CHANGE: 20141222 EFFECTIVENESS DATE: 20141222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS TRUST CENTRAL INDEX KEY: 0000822977 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-17619 FILM NUMBER: 141302294 BUSINESS ADDRESS: STREET 1: 71 SOUTH WACKER DRIVE STREET 2: C/O GOLDMAN SACHS & CO CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126554400 MAIL ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 FORMER COMPANY: FORMER CONFORMED NAME: GOLDMAN SACHS SHORT INTERMEDIATE GOVERNMENT FUND DATE OF NAME CHANGE: 19910711 FORMER COMPANY: FORMER CONFORMED NAME: SHORT INTERMEDIATE GOVERNMENT FUND DATE OF NAME CHANGE: 19900104 0000822977 S000009306 Goldman Sachs Core Fixed Income Fund C000025404 Institutional GSFIX C000025405 Service GSCSX C000025406 Class A GCFIX C000025408 Class C GCFCX C000058955 Class R GDFRX C000058956 Class IR GDFTX 0000822977 S000013795 Goldman Sachs Bond Fund C000037818 Class A GSFAX C000037819 Class C GSFCX C000037820 Institutional GSNIX C000041010 Service GSNSX C000058984 Class R GSNRX C000058985 Class IR GSNTX 497 1 d828315d497.htm GOLDMAN SACHS TRUST Goldman Sachs Trust

RULE 497 FILING

On behalf of Goldman Sachs Core Fixed Income Fund and Goldman Sachs Bond Fund (the “Funds”), each a series of Goldman Sachs Trust, and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing is an exhibit containing interactive data format risk/return summary information. The interactive data file included as an exhibit to this filing relates to the supplement filed with the Securities and Exchange Commission on behalf of the Funds pursuant to Rule 497(e) on December 1, 2014 (Accession No. 0001193125-14-429470), which is incorporated by reference into this Rule 497 Filing.

EX-101.INS 2 gst-20141201.xml XBRL INSTANCE DOCUMENT 0000822977 2013-07-30 2014-07-29 0000822977 gst:S000009306Member 2013-07-30 2014-07-29 0000822977 gst:S000013795Member 2013-07-30 2014-07-29 0000822977 gst:S000009306Member gst:C000025406Member 2013-07-30 2014-07-29 0000822977 gst:S000009306Member gst:C000025408Member 2013-07-30 2014-07-29 0000822977 gst:S000009306Member gst:C000025404Member 2013-07-30 2014-07-29 0000822977 gst:S000009306Member gst:C000025405Member 2013-07-30 2014-07-29 0000822977 gst:S000009306Member gst:C000058955Member 2013-07-30 2014-07-29 0000822977 gst:S000009306Member gst:C000058956Member 2013-07-30 2014-07-29 0000822977 gst:S000013795Member gst:C000037818Member 2013-07-30 2014-07-29 0000822977 gst:S000013795Member gst:C000037819Member 2013-07-30 2014-07-29 0000822977 gst:S000013795Member gst:C000037820Member 2013-07-30 2014-07-29 0000822977 gst:S000013795Member gst:C000041010Member 2013-07-30 2014-07-29 0000822977 gst:S000013795Member gst:C000058985Member 2013-07-30 2014-07-29 0000822977 gst:S000013795Member gst:C000058984Member 2013-07-30 2014-07-29 pure iso4217:USD 2014-07-29 Other 2014-03-31 GOLDMAN SACHS TRUST 0000822977 false 2014-12-01 2014-12-01 <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>GOLDMAN SACHS TRUST </b></p> <p style="margin-top:6pt; margin-bottom:0pt; " align="center"><b>Goldman Sachs Multi Sector Fixed Income Funds </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A Shares, Class C Shares, Institutional Shares, Service Shares, Class&nbsp;IR&nbsp;Shares&nbsp;and&nbsp;Class R Shares </p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">of&nbsp;the Goldman Sachs Core Fixed Income Fund </p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">and Class&nbsp;A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares of the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund)</p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">(each, a &#8220;Fund&#8221; and, collectively, the &#8220;Funds&#8221;) </p> <p style="margin-top:6pt; margin-bottom:0pt; " align="center">Supplement dated December&nbsp;1, 2014 to the </p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Prospectus dated July&nbsp;29, 2014, as supplemented to date (the &#8220;Prospectus&#8221;) </p> <p style="margin-top:18pt; margin-bottom:0pt; ">Goldman Sachs Asset Management, L.P., the Funds&#8217; Investment Adviser (the &#8220;Investment Adviser&#8221;), has agreed to (i)&nbsp;with respect to the Goldman Sachs Core Fixed Income Fund, reduce or limit &#8220;Other Expenses&#8221; (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund&#8217;s average daily net assets; and (ii)&nbsp;with respect to the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund), waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund. </p> <p style="margin-top:6pt; margin-bottom:0pt; ">Effective December&nbsp;1, 2014, the Funds&#8217; Prospectus is revised as follows: </p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>The following table replaces the &#8220;Annual Fund Operating Expenses&#8221; table under the </b>&#8220;<b></b>Goldman Sachs Core Fixed Income Fund&#8212;Summary&#8212;Fees and Expenses of the Fund<b></b>&#8221; <b>section of the Prospectus: </b></p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class A</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class C</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Institutional</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Service</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class IR</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class R</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Management Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Distribution and Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.00%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.50%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.10%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.59%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Service Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Shareholder Administration Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">All Other Expenses</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.10</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.09</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.83%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.58%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.49%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.98%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.58%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.08%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Expense Limitation<sup>3</sup></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses After Expense Limitation</b><sup>4</sup><b></b></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.78%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.53%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.44%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.93%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.53%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.03%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top">The differences in the &#8220;Other Expenses&#8221; ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top">The Investment Adviser has agreed to reduce or limit &#8220;Other Expenses&#8221; (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund&#8217;s average daily net assets through at least December&nbsp;1, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>4</sup>&nbsp;</td> <td align="left" valign="top">The Fund&#8217;s &#8220;Total Annual Fund Operating Expenses After Expense Limitation&#8221; have been restated to reflect the expense limitation currently in effect. </td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; "><b>The &#8220;</b>Goldman Sachs Core Fixed Income Fund&#8212;Summary&#8212;Expense Example<b>&#8221; section of the Prospectus is replaced with the following: </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </p> <p style="margin-top:6pt; margin-bottom:0pt; ">The Example assumes that you invest $10,000 in Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same (except that the Example incorporates the fee waiver for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; "> <tr> <td width="52%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td></tr> <tr style=""> <td height="9"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>1&nbsp;Year</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>5&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class A Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">452</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">625</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">814</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,357</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class C Shares</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming complete redemption at end of period</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">256</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">494</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">856</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,874</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming no redemption</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">156</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">494</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">856</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,874</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Institutional Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">45</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">152</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">269</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">611</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Service Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">95</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">307</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">537</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,197</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class IR Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">54</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">181</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">319</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">721</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class R Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">105</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">339</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">591</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,313</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> </table> <p style="margin-top:0pt; margin-bottom:0pt; "><b>The following table replaces the &#8220;Annual Fund Operating Expenses&#8221; table under the </b>&#8220;<b></b>Goldman Sachs Bond Fund&#8212;Summary&#8212;Fees and Expenses of the Fund<b></b>&#8221; <b>section of the Prospectus: </b></p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class A</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class C</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Institutional</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Service</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class IR</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class R</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Management Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Distribution and Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.00%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.50%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.76%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.33%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Service Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Shareholder Administration Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">All Other Expenses</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.35</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.35</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.25</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.26</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.35</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.33</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.05%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.80%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.70%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.21%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.80%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.28%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Fee Waiver and Expense Limitation<sup>3</sup></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.25)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.24)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation</b><sup>4</sup><b></b></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.79%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.54%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.45%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.95%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.54%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.04%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top">The differences in the &#8220;Other Expenses&#8221; ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top">The Investment Adviser has agreed to (i)&nbsp;waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund, and (ii)&nbsp;reduce or limit &#8220;Other Expenses&#8221; (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.004% of the Fund&#8217;s average daily net assets. These arrangements will remain in effect through at least December&nbsp;1, 2015, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Board of Trustees. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>4</sup>&nbsp;</td> <td align="left" valign="top">The Fund&#8217;s &#8220;Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation&#8221; have been restated to reflect the expense limitation currently in effect. </td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; "><b>The &#8220;</b>Goldman Sachs Bond Fund&#8212;Summary&#8212;Expense Example<b>&#8221; section of the Prospectus is replaced with the following: </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </p> <p style="margin-top:6pt; margin-bottom:0pt; ">The Example assumes that you invest $10,000 in Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; "> <tr> <td width="52%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td></tr> <tr style=""> <td height="9"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>1&nbsp;Year</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>5&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class A Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">453</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">672</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">908</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,587</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class C Shares</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming complete redemption at end of period</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">257</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">541</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">951</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,095</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming no redemption</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">157</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">541</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">951</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">2,095</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Institutional Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">46</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">199</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">365</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">847</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Service Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">97</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">358</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">640</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,443</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class IR Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">55</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">229</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">419</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">966</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class R Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">106</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">382</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">679</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,524</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> </table> <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>GOLDMAN SACHS TRUST </b></p> <p style="margin-top:6pt; margin-bottom:0pt; " align="center"><b>Goldman Sachs Multi Sector Fixed Income Funds </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A Shares, Class C Shares, Institutional Shares, Service Shares, Class&nbsp;IR&nbsp;Shares&nbsp;and&nbsp;Class R Shares </p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">of&nbsp;the Goldman Sachs Core Fixed Income Fund </p><p style="margin-top:0pt; margin-bottom:0pt; " align="center">(each, a &#8220;Fund&#8221; and, collectively, the &#8220;Funds&#8221;) </p> <p style="margin-top:6pt; margin-bottom:0pt; " align="center">Supplement dated December&nbsp;1, 2014 to the </p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Prospectus dated July&nbsp;29, 2014, as supplemented to date (the &#8220;Prospectus&#8221;) </p> <p style="margin-top:18pt; margin-bottom:0pt; ">Goldman Sachs Asset Management, L.P., the Funds&#8217; Investment Adviser (the &#8220;Investment Adviser&#8221;), has agreed to (i)&nbsp;with respect to the Goldman Sachs Core Fixed Income Fund, reduce or limit &#8220;Other Expenses&#8221; (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund&#8217;s average daily net assets; and (ii)&nbsp;with respect to the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund), waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund. </p> <p style="margin-top:6pt; margin-bottom:0pt; ">Effective December&nbsp;1, 2014, the Funds&#8217; Prospectus is revised as follows: </p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>The following table replaces the &#8220;Annual Fund Operating Expenses&#8221; table under the </b>&#8220;<b></b>Goldman Sachs Core Fixed Income Fund&#8212;Summary&#8212;Fees and Expenses of the Fund<b></b>&#8221; <b>section of the Prospectus: </b></p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class A</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class C</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Institutional</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Service</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class IR</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class R</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Management Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.39%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Distribution and Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.00%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.50%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.10%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.59%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.19%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Service Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Shareholder Administration Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">All Other Expenses</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.10</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.09</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.19</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.83%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.58%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.49%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.98%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.58%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.08%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Expense Limitation<sup>3</sup></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.05)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses After Expense Limitation</b><sup>4</sup><b></b></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.78%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.53%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.44%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.93%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.53%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.03%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top">The differences in the &#8220;Other Expenses&#8221; ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top">The Investment Adviser has agreed to reduce or limit &#8220;Other Expenses&#8221; (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund&#8217;s average daily net assets through at least December&nbsp;1, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>4</sup>&nbsp;</td> <td align="left" valign="top">The Fund&#8217;s &#8220;Total Annual Fund Operating Expenses After Expense Limitation&#8221; have been restated to reflect the expense limitation currently in effect. </td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; "><b>The &#8220;</b>Goldman Sachs Core Fixed Income Fund&#8212;Summary&#8212;Expense Example<b>&#8221; section of the Prospectus is replaced with the following: </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </p> <p style="margin-top:6pt; margin-bottom:0pt; ">The Example assumes that you invest $10,000 in Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same (except that the Example incorporates the fee waiver for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; "> <tr> <td width="52%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td></tr> <tr style=""> <td height="9"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>1&nbsp;Year</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>5&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class A Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">452</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">625</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">814</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,357</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class C Shares</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming complete redemption at end of period</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">256</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">494</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">856</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,874</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming no redemption</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">156</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">494</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">856</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,874</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Institutional Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">45</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">152</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">269</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">611</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Service Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">95</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">307</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">537</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,197</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class IR Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">54</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">181</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">319</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">721</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class R Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">105</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">339</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">591</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,313</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> </table> <p style="margin-top:0pt; margin-bottom:0pt; " align="center"><b>GOLDMAN SACHS TRUST </b></p> <p style="margin-top:6pt; margin-bottom:0pt; " align="center"><b>Goldman Sachs Multi Sector Fixed Income Funds </b></p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Class&nbsp;A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares of the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund)</p><p style="margin-top:0pt; margin-bottom:0pt; " align="center">(each, a &#8220;Fund&#8221; and, collectively, the &#8220;Funds&#8221;) </p> <p style="margin-top:6pt; margin-bottom:0pt; " align="center">Supplement dated December&nbsp;1, 2014 to the </p> <p style="margin-top:0pt; margin-bottom:0pt; " align="center">Prospectus dated July&nbsp;29, 2014, as supplemented to date (the &#8220;Prospectus&#8221;) </p> <p style="margin-top:18pt; margin-bottom:0pt; ">Goldman Sachs Asset Management, L.P., the Funds&#8217; Investment Adviser (the &#8220;Investment Adviser&#8221;), has agreed to (i)&nbsp;with respect to the Goldman Sachs Core Fixed Income Fund, reduce or limit &#8220;Other Expenses&#8221; (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund&#8217;s average daily net assets; and (ii)&nbsp;with respect to the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund), waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund. </p> <p style="margin-top:6pt; margin-bottom:0pt; ">Effective December&nbsp;1, 2014, the Funds&#8217; Prospectus is revised as follows: </p> <p style="margin-top:18pt; margin-bottom:0pt; "><b>The following table replaces the &#8220;Annual Fund Operating Expenses&#8221; table under the </b>&#8220;<b></b>Goldman Sachs Bond Fund&#8212;Summary&#8212;Fees and Expenses of the Fund<b></b>&#8221; <b>section of the Prospectus: </b></p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; " align="center"> <tr> <td width="40%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class A</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class C</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Institutional</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Service</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class IR</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>Class R</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Management Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.45%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Distribution and Service (12b-1) Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.00%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">None</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.50%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Other Expenses<sup>2</sup></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.76%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.35%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.33%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Service Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">Shareholder Administration Fees</div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.25</td> <td valign="bottom">%&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">Non</td> <td valign="bottom">e&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">All Other Expenses</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.35</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.35</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.25</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.26</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.35</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.33</td> <td valign="bottom" style="border-bottom:1px solid #000000">%&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses</b></div></td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.05%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.80%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.70%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.21%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">0.80%</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom">&nbsp;</td> <td valign="bottom" align="right">1.28%</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Fee Waiver and Expense Limitation<sup>3</sup></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.25)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.26)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">(0.24)%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; "><b>Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation</b><sup>4</sup><b></b></div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.79%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.54%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.45%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.95%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">0.54%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1.04%</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> </table> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>2</sup>&nbsp;</td> <td align="left" valign="top">The differences in the &#8220;Other Expenses&#8221; ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>3</sup>&nbsp;</td> <td align="left" valign="top">The Investment Adviser has agreed to (i)&nbsp;waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund, and (ii)&nbsp;reduce or limit &#8220;Other Expenses&#8221; (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.004% of the Fund&#8217;s average daily net assets. These arrangements will remain in effect through at least December&nbsp;1, 2015, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Board of Trustees. </td></tr></table> <table style="border-collapse:collapse; " border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><sup>4</sup>&nbsp;</td> <td align="left" valign="top">The Fund&#8217;s &#8220;Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation&#8221; have been restated to reflect the expense limitation currently in effect. </td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; "><b>The &#8220;</b>Goldman Sachs Bond Fund&#8212;Summary&#8212;Expense Example<b>&#8221; section of the Prospectus is replaced with the following: </b></p> <p style="margin-top:6pt; margin-bottom:0pt; ">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </p> <p style="margin-top:6pt; margin-bottom:0pt; ">The Example assumes that you invest $10,000 in Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class&nbsp;A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p style="margin-top:0pt;margin-bottom:0pt">&nbsp;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; "> <tr> <td width="52%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td valign="bottom" width="5%"></td></tr> <tr style=""> <td height="9"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td> <td height="9" colspan="4" ></td> <td height="9" colspan="4"></td></tr> <tr style=" "> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>1&nbsp;Year</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>3&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000" ><b>5&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><b>10&nbsp;Years</b></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class A Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">453</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">672</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">908</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,587</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class C Shares</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> <tr style=" "> <td valign="top"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming complete redemption at end of period</div></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">257</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">541</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" >$</td> <td valign="bottom" align="right">951</td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,095</td> <td valign="bottom">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:2.00em; text-indent:-1.00em; ">&#8211;&nbsp;&nbsp;Assuming no redemption</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">157</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">541</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">951</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">2,095</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Institutional Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">46</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">199</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">365</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">847</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Service Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">97</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">358</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">640</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,443</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class IR Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">55</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">229</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">419</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">966</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr style=" "> <td valign="top" style="border-bottom:1px solid #000000"> <div style="margin-left:1.00em; text-indent:-1.00em; ">Class R Shares</div></td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">106</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">382</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000" >$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">679</td> <td valign="bottom" style="border-bottom:1px solid #000000" >&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td> <td valign="bottom" style="border-bottom:1px solid #000000">$</td> <td valign="bottom" style="border-bottom:1px solid #000000" align="right">1,524</td> <td valign="bottom" style="border-bottom:1px solid #000000">&nbsp;&nbsp;</td></tr> <tr> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom" >&nbsp;&nbsp;</td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom" ></td> <td valign="bottom">&nbsp;&nbsp;</td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td></tr> </table> <b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b> 0.0039 0.0039 0.0039 0.0039 0.0039 0.0039 0.0025 0.01 0 0 0 0.005 0.0019 0.0019 0.001 0.0059 0.0019 0.0019 0 0 0 0.0025 0 0 0 0 0 0.0025 0 0 0.0019 0.0019 0.001 0.0009 0.0019 0.0019 0.0083 0.0158 0.0049 0.0098 0.0058 0.0108 -0.0005 -0.0005 -0.0005 -0.0005 -0.0005 -0.0005 0.0078 0.0153 0.0044 0.0093 0.0053 0.0103 This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.<br /><br />The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same (except that the Example incorporates the fee waiver for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be: Assuming complete redemption at end of period Assuming no redemption 452 256 45 95 54 105 625 494 152 307 181 339 814 856 269 537 319 591 1357 1874 611 1197 721 1313 The Fund&#8217;s &#8220;Total Annual Fund Operating Expenses After Expense Limitation&#8221; have been restated to reflect the expense limitation currently in effect. <b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b> 0.0045 0.0045 0.0045 0.0045 0.0045 0.0045 0.0025 0.01 0 0 0 0.005 0.0035 0.0035 0.0025 0.0076 0.0035 0.0033 0 0 0 0.0025 0 0 0 0 0 0.0025 0 0 0.0035 0.0035 0.0025 0.0026 0.0035 0.0033 0.0105 0.018 0.007 0.0121 0.008 0.0128 -0.0026 -0.0026 -0.0025 -0.0026 -0.0026 -0.0024 0.0079 0.0154 0.0045 0.0095 0.0054 0.0104 December 1, 2015 December 1, 2015 The Fund&#8217;s &#8220;Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation&#8221; have been restated to reflect the expense limitation currently in effect. The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be: Assuming complete redemption at end of period Assuming no redemption 156 494 856 1874 453 257 46 97 55 106 672 541 199 358 229 382 908 951 365 640 419 679 1587 2095 847 1443 966 1524 157 541 951 2095 The differences in the "Other Expenses" ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes. The Investment Adviser has agreed to reduce or limit "Other Expenses" (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund's average daily net assets through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees. The Fund's "Total Annual Fund Operating Expenses After Expense Limitation" have been restated to reflect the expense limitation currently in effect. After Expense Limitation The Investment Adviser has agreed to (i) waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund, and (ii) reduce or limit "Other Expenses" (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.004% of the Fund's average daily net assets. These arrangements will remain in effect through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Board of Trustees. The Fund's "Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation" have been restated to reflect the expense limitation currently in effect. 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GOLDMAN SACHS TRUST

Goldman Sachs Multi Sector Fixed Income Funds

Class A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares

of the Goldman Sachs Core Fixed Income Fund

and Class A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares of the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund)

(each, a “Fund” and, collectively, the “Funds”)

Supplement dated December 1, 2014 to the

Prospectus dated July 29, 2014, as supplemented to date (the “Prospectus”)

Goldman Sachs Asset Management, L.P., the Funds’ Investment Adviser (the “Investment Adviser”), has agreed to (i) with respect to the Goldman Sachs Core Fixed Income Fund, reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund’s average daily net assets; and (ii) with respect to the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund), waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund.

Effective December 1, 2014, the Funds’ Prospectus is revised as follows:

The following table replaces the “Annual Fund Operating Expenses” table under the Goldman Sachs Core Fixed Income Fund—Summary—Fees and Expenses of the Fundsection of the Prospectus:

 

     Class A     Class C     Institutional     Service     Class IR     Class R  
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
           
Management Fees
    0.39%        0.39%        0.39%        0.39%        0.39%        0.39%   
Distribution and Service (12b-1) Fees
    0.25%        1.00%        None        None        None        0.50%   
Other Expenses2
    0.19%        0.19%        0.10%        0.59%        0.19%        0.19%   
Service Fees
    Non     Non     Non     0.25     Non     Non
Shareholder Administration Fees
    Non     Non     Non     0.25     Non     Non
All Other Expenses
    0.19     0.19     0.10     0.09     0.19     0.19
Total Annual Fund Operating Expenses
    0.83%        1.58%        0.49%        0.98%        0.58%        1.08%   
Expense Limitation3
    (0.05)%        (0.05)%        (0.05)%        (0.05)%        (0.05)%        (0.05)%   
Total Annual Fund Operating Expenses After Expense Limitation4
    0.78%        1.53%        0.44%        0.93%        0.53%        1.03%   

 

2  The differences in the “Other Expenses” ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes.
3  The Investment Adviser has agreed to reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund’s average daily net assets through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
4  The Fund’s “Total Annual Fund Operating Expenses After Expense Limitation” have been restated to reflect the expense limitation currently in effect.

The “Goldman Sachs Core Fixed Income Fund—Summary—Expense Example” section of the Prospectus is replaced with the following:

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

      1 Year      3 Years      5 Years      10 Years  
Class A Shares
   $ 452       $ 625       $ 814       $ 1,357   
Class C Shares
           
–  Assuming complete redemption at end of period
   $ 256       $ 494       $ 856       $ 1,874   
–  Assuming no redemption
   $ 156       $ 494       $ 856       $ 1,874   
Institutional Shares
   $ 45       $ 152       $ 269       $ 611   
Service Shares
   $ 95       $ 307       $ 537       $ 1,197   
Class IR Shares
   $ 54       $ 181       $ 319       $ 721   
Class R Shares
   $ 105       $ 339       $ 591       $ 1,313   
           

The following table replaces the “Annual Fund Operating Expenses” table under the Goldman Sachs Bond Fund—Summary—Fees and Expenses of the Fundsection of the Prospectus:

 

     Class A     Class C     Institutional     Service     Class IR     Class R  
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
           
Management Fees
    0.45%        0.45%        0.45%        0.45%        0.45%        0.45%   
Distribution and Service (12b-1) Fees
    0.25%        1.00%        None        None        None        0.50%   
Other Expenses2
    0.35%        0.35%        0.25%        0.76%        0.35%        0.33%   
Service Fees
    Non     Non     Non     0.25     Non     Non
Shareholder Administration Fees
    Non     Non     Non     0.25     Non     Non
All Other Expenses
    0.35     0.35     0.25     0.26     0.35     0.33
Total Annual Fund Operating Expenses
    1.05%        1.80%        0.70%        1.21%        0.80%        1.28%   
Fee Waiver and Expense Limitation3
    (0.26)%        (0.26)%        (0.25)%        (0.26)%        (0.26)%        (0.24)%   
Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation4
    0.79%        1.54%        0.45%        0.95%        0.54%        1.04%   

 

2  The differences in the “Other Expenses” ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes.
3  The Investment Adviser has agreed to (i) waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund, and (ii) reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. These arrangements will remain in effect through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Board of Trustees.
4  The Fund’s “Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation” have been restated to reflect the expense limitation currently in effect.

The “Goldman Sachs Bond Fund—Summary—Expense Example” section of the Prospectus is replaced with the following:

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

      1 Year      3 Years      5 Years      10 Years  
Class A Shares
   $ 453       $ 672       $ 908       $ 1,587   
Class C Shares
           
–  Assuming complete redemption at end of period
   $ 257       $ 541       $ 951       $ 2,095   
–  Assuming no redemption
   $ 157       $ 541       $ 951       $ 2,095   
Institutional Shares
   $ 46       $ 199       $ 365       $ 847   
Service Shares
   $ 97       $ 358       $ 640       $ 1,443   
Class IR Shares
   $ 55       $ 229       $ 419       $ 966   
Class R Shares
   $ 106       $ 382       $ 679       $ 1,524   
           

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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Jul. 29, 2014
Supplement [Text Block] gst_SupplementTextBlock

GOLDMAN SACHS TRUST

Goldman Sachs Multi Sector Fixed Income Funds

Class A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares

of the Goldman Sachs Core Fixed Income Fund

and Class A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares of the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund)

(each, a “Fund” and, collectively, the “Funds”)

Supplement dated December 1, 2014 to the

Prospectus dated July 29, 2014, as supplemented to date (the “Prospectus”)

Goldman Sachs Asset Management, L.P., the Funds’ Investment Adviser (the “Investment Adviser”), has agreed to (i) with respect to the Goldman Sachs Core Fixed Income Fund, reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund’s average daily net assets; and (ii) with respect to the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund), waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund.

Effective December 1, 2014, the Funds’ Prospectus is revised as follows:

The following table replaces the “Annual Fund Operating Expenses” table under the Goldman Sachs Core Fixed Income Fund—Summary—Fees and Expenses of the Fundsection of the Prospectus:

 

     Class A     Class C     Institutional     Service     Class IR     Class R  
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
           
Management Fees
    0.39%        0.39%        0.39%        0.39%        0.39%        0.39%   
Distribution and Service (12b-1) Fees
    0.25%        1.00%        None        None        None        0.50%   
Other Expenses2
    0.19%        0.19%        0.10%        0.59%        0.19%        0.19%   
Service Fees
    Non     Non     Non     0.25     Non     Non
Shareholder Administration Fees
    Non     Non     Non     0.25     Non     Non
All Other Expenses
    0.19     0.19     0.10     0.09     0.19     0.19
Total Annual Fund Operating Expenses
    0.83%        1.58%        0.49%        0.98%        0.58%        1.08%   
Expense Limitation3
    (0.05)%        (0.05)%        (0.05)%        (0.05)%        (0.05)%        (0.05)%   
Total Annual Fund Operating Expenses After Expense Limitation4
    0.78%        1.53%        0.44%        0.93%        0.53%        1.03%   

 

2  The differences in the “Other Expenses” ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes.
3  The Investment Adviser has agreed to reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund’s average daily net assets through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
4  The Fund’s “Total Annual Fund Operating Expenses After Expense Limitation” have been restated to reflect the expense limitation currently in effect.

The “Goldman Sachs Core Fixed Income Fund—Summary—Expense Example” section of the Prospectus is replaced with the following:

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

      1 Year      3 Years      5 Years      10 Years  
Class A Shares
   $ 452       $ 625       $ 814       $ 1,357   
Class C Shares
           
–  Assuming complete redemption at end of period
   $ 256       $ 494       $ 856       $ 1,874   
–  Assuming no redemption
   $ 156       $ 494       $ 856       $ 1,874   
Institutional Shares
   $ 45       $ 152       $ 269       $ 611   
Service Shares
   $ 95       $ 307       $ 537       $ 1,197   
Class IR Shares
   $ 54       $ 181       $ 319       $ 721   
Class R Shares
   $ 105       $ 339       $ 591       $ 1,313   
           

The following table replaces the “Annual Fund Operating Expenses” table under the Goldman Sachs Bond Fund—Summary—Fees and Expenses of the Fundsection of the Prospectus:

 

     Class A     Class C     Institutional     Service     Class IR     Class R  
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
           
Management Fees
    0.45%        0.45%        0.45%        0.45%        0.45%        0.45%   
Distribution and Service (12b-1) Fees
    0.25%        1.00%        None        None        None        0.50%   
Other Expenses2
    0.35%        0.35%        0.25%        0.76%        0.35%        0.33%   
Service Fees
    Non     Non     Non     0.25     Non     Non
Shareholder Administration Fees
    Non     Non     Non     0.25     Non     Non
All Other Expenses
    0.35     0.35     0.25     0.26     0.35     0.33
Total Annual Fund Operating Expenses
    1.05%        1.80%        0.70%        1.21%        0.80%        1.28%   
Fee Waiver and Expense Limitation3
    (0.26)%        (0.26)%        (0.25)%        (0.26)%        (0.26)%        (0.24)%   
Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation4
    0.79%        1.54%        0.45%        0.95%        0.54%        1.04%   

 

2  The differences in the “Other Expenses” ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes.
3  The Investment Adviser has agreed to (i) waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund, and (ii) reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. These arrangements will remain in effect through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Board of Trustees.
4  The Fund’s “Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation” have been restated to reflect the expense limitation currently in effect.

The “Goldman Sachs Bond Fund—Summary—Expense Example” section of the Prospectus is replaced with the following:

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

      1 Year      3 Years      5 Years      10 Years  
Class A Shares
   $ 453       $ 672       $ 908       $ 1,587   
Class C Shares
           
–  Assuming complete redemption at end of period
   $ 257       $ 541       $ 951       $ 2,095   
–  Assuming no redemption
   $ 157       $ 541       $ 951       $ 2,095   
Institutional Shares
   $ 46       $ 199       $ 365       $ 847   
Service Shares
   $ 97       $ 358       $ 640       $ 1,443   
Class IR Shares
   $ 55       $ 229       $ 419       $ 966   
Class R Shares
   $ 106       $ 382       $ 679       $ 1,524   
           
Goldman Sachs Core Fixed Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] gst_SupplementTextBlock

GOLDMAN SACHS TRUST

Goldman Sachs Multi Sector Fixed Income Funds

Class A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares

of the Goldman Sachs Core Fixed Income Fund

(each, a “Fund” and, collectively, the “Funds”)

Supplement dated December 1, 2014 to the

Prospectus dated July 29, 2014, as supplemented to date (the “Prospectus”)

Goldman Sachs Asset Management, L.P., the Funds’ Investment Adviser (the “Investment Adviser”), has agreed to (i) with respect to the Goldman Sachs Core Fixed Income Fund, reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund’s average daily net assets; and (ii) with respect to the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund), waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund.

Effective December 1, 2014, the Funds’ Prospectus is revised as follows:

The following table replaces the “Annual Fund Operating Expenses” table under the Goldman Sachs Core Fixed Income Fund—Summary—Fees and Expenses of the Fundsection of the Prospectus:

 

     Class A     Class C     Institutional     Service     Class IR     Class R  
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
           
Management Fees
    0.39%        0.39%        0.39%        0.39%        0.39%        0.39%   
Distribution and Service (12b-1) Fees
    0.25%        1.00%        None        None        None        0.50%   
Other Expenses2
    0.19%        0.19%        0.10%        0.59%        0.19%        0.19%   
Service Fees
    Non     Non     Non     0.25     Non     Non
Shareholder Administration Fees
    Non     Non     Non     0.25     Non     Non
All Other Expenses
    0.19     0.19     0.10     0.09     0.19     0.19
Total Annual Fund Operating Expenses
    0.83%        1.58%        0.49%        0.98%        0.58%        1.08%   
Expense Limitation3
    (0.05)%        (0.05)%        (0.05)%        (0.05)%        (0.05)%        (0.05)%   
Total Annual Fund Operating Expenses After Expense Limitation4
    0.78%        1.53%        0.44%        0.93%        0.53%        1.03%   

 

2  The differences in the “Other Expenses” ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes.
3  The Investment Adviser has agreed to reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund’s average daily net assets through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
4  The Fund’s “Total Annual Fund Operating Expenses After Expense Limitation” have been restated to reflect the expense limitation currently in effect.

The “Goldman Sachs Core Fixed Income Fund—Summary—Expense Example” section of the Prospectus is replaced with the following:

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

      1 Year      3 Years      5 Years      10 Years  
Class A Shares
   $ 452       $ 625       $ 814       $ 1,357   
Class C Shares
           
–  Assuming complete redemption at end of period
   $ 256       $ 494       $ 856       $ 1,874   
–  Assuming no redemption
   $ 156       $ 494       $ 856       $ 1,874   
Institutional Shares
   $ 45       $ 152       $ 269       $ 611   
Service Shares
   $ 95       $ 307       $ 537       $ 1,197   
Class IR Shares
   $ 54       $ 181       $ 319       $ 721   
Class R Shares
   $ 105       $ 339       $ 591       $ 1,313   
           
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 1, 2015
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The Fund’s “Total Annual Fund Operating Expenses After Expense Limitation” have been restated to reflect the expense limitation currently in effect.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Assuming complete redemption at end of period
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Assuming no redemption
Goldman Sachs Core Fixed Income Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.39%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%rr_DistributionAndService12b1FeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.19%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
Other Expenses rr_OtherExpensesOverAssets 0.19%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.83%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.05%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
[2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.78%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
[3],[4]
1 Year rr_ExpenseExampleYear01 452rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
3 Years rr_ExpenseExampleYear03 625rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
5 Years rr_ExpenseExampleYear05 814rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
10 Years rr_ExpenseExampleYear10 1,357rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025406Member
Goldman Sachs Core Fixed Income Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.39%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%rr_DistributionAndService12b1FeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.19%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
Other Expenses rr_OtherExpensesOverAssets 0.19%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.58%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.05%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
[2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.53%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
[3],[4]
1 Year rr_ExpenseExampleYear01 256rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
3 Years rr_ExpenseExampleYear03 494rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
5 Years rr_ExpenseExampleYear05 856rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
10 Years rr_ExpenseExampleYear10 1,874rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
1 Year rr_ExpenseExampleNoRedemptionYear01 156rr_ExpenseExampleNoRedemptionYear01
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
3 Years rr_ExpenseExampleNoRedemptionYear03 494rr_ExpenseExampleNoRedemptionYear03
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
5 Years rr_ExpenseExampleNoRedemptionYear05 856rr_ExpenseExampleNoRedemptionYear05
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
10 Years rr_ExpenseExampleNoRedemptionYear10 1,874rr_ExpenseExampleNoRedemptionYear10
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025408Member
Goldman Sachs Core Fixed Income Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.39%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.10%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
Other Expenses rr_OtherExpensesOverAssets 0.10%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.49%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.05%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
[2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.44%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
[3],[4]
1 Year rr_ExpenseExampleYear01 45rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
3 Years rr_ExpenseExampleYear03 152rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
5 Years rr_ExpenseExampleYear05 269rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
10 Years rr_ExpenseExampleYear10 611rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025404Member
Goldman Sachs Core Fixed Income Fund | Service  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.39%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets 0.25%rr_Component1OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets 0.25%rr_Component2OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
All Other Expenses rr_Component3OtherExpensesOverAssets 0.09%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
Other Expenses rr_OtherExpensesOverAssets 0.59%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.98%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.05%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
[2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.93%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
[3],[4]
1 Year rr_ExpenseExampleYear01 95rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
3 Years rr_ExpenseExampleYear03 307rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
5 Years rr_ExpenseExampleYear05 537rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
10 Years rr_ExpenseExampleYear10 1,197rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000025405Member
Goldman Sachs Core Fixed Income Fund | Class IR  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.39%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.19%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
Other Expenses rr_OtherExpensesOverAssets 0.19%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.58%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.05%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
[2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.53%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
[3],[4]
1 Year rr_ExpenseExampleYear01 54rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
3 Years rr_ExpenseExampleYear03 181rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
5 Years rr_ExpenseExampleYear05 319rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
10 Years rr_ExpenseExampleYear10 721rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058956Member
Goldman Sachs Core Fixed Income Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.39%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%rr_DistributionAndService12b1FeesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.19%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
Other Expenses rr_OtherExpensesOverAssets 0.19%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.08%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.05%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
[2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.03%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
[3],[4]
1 Year rr_ExpenseExampleYear01 105rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
3 Years rr_ExpenseExampleYear03 339rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
5 Years rr_ExpenseExampleYear05 591rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
10 Years rr_ExpenseExampleYear10 1,313rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000009306Member
/ rr_ProspectusShareClassAxis
= gst_C000058955Member
Goldman Sachs Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] gst_SupplementTextBlock

GOLDMAN SACHS TRUST

Goldman Sachs Multi Sector Fixed Income Funds

Class A Shares, Class C Shares, Institutional Shares, Service Shares, Class IR Shares and Class R Shares of the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund)

(each, a “Fund” and, collectively, the “Funds”)

Supplement dated December 1, 2014 to the

Prospectus dated July 29, 2014, as supplemented to date (the “Prospectus”)

Goldman Sachs Asset Management, L.P., the Funds’ Investment Adviser (the “Investment Adviser”), has agreed to (i) with respect to the Goldman Sachs Core Fixed Income Fund, reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund’s average daily net assets; and (ii) with respect to the Goldman Sachs Bond Fund (formerly, the Goldman Sachs Core Plus Fixed Income Fund), waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund.

Effective December 1, 2014, the Funds’ Prospectus is revised as follows:

The following table replaces the “Annual Fund Operating Expenses” table under the Goldman Sachs Bond Fund—Summary—Fees and Expenses of the Fundsection of the Prospectus:

 

     Class A     Class C     Institutional     Service     Class IR     Class R  
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
           
Management Fees
    0.45%        0.45%        0.45%        0.45%        0.45%        0.45%   
Distribution and Service (12b-1) Fees
    0.25%        1.00%        None        None        None        0.50%   
Other Expenses2
    0.35%        0.35%        0.25%        0.76%        0.35%        0.33%   
Service Fees
    Non     Non     Non     0.25     Non     Non
Shareholder Administration Fees
    Non     Non     Non     0.25     Non     Non
All Other Expenses
    0.35     0.35     0.25     0.26     0.35     0.33
Total Annual Fund Operating Expenses
    1.05%        1.80%        0.70%        1.21%        0.80%        1.28%   
Fee Waiver and Expense Limitation3
    (0.26)%        (0.26)%        (0.25)%        (0.26)%        (0.26)%        (0.24)%   
Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation4
    0.79%        1.54%        0.45%        0.95%        0.54%        1.04%   

 

2  The differences in the “Other Expenses” ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes.
3  The Investment Adviser has agreed to (i) waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund, and (ii) reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. These arrangements will remain in effect through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Board of Trustees.
4  The Fund’s “Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation” have been restated to reflect the expense limitation currently in effect.

The “Goldman Sachs Bond Fund—Summary—Expense Example” section of the Prospectus is replaced with the following:

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 

      1 Year      3 Years      5 Years      10 Years  
Class A Shares
   $ 453       $ 672       $ 908       $ 1,587   
Class C Shares
           
–  Assuming complete redemption at end of period
   $ 257       $ 541       $ 951       $ 2,095   
–  Assuming no redemption
   $ 157       $ 541       $ 951       $ 2,095   
Institutional Shares
   $ 46       $ 199       $ 365       $ 847   
Service Shares
   $ 97       $ 358       $ 640       $ 1,443   
Class IR Shares
   $ 55       $ 229       $ 419       $ 966   
Class R Shares
   $ 106       $ 382       $ 679       $ 1,524   
           
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 1, 2015
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The Fund’s “Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation” have been restated to reflect the expense limitation currently in effect.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Class IR and/or Class R Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Class IR and/or Class R Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Assuming complete redemption at end of period
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Assuming no redemption
Goldman Sachs Bond Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%rr_DistributionAndService12b1FeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.35%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
Other Expenses rr_OtherExpensesOverAssets 0.35%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.05%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.26%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
[5]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.79%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
[6],[7]
1 Year rr_ExpenseExampleYear01 453rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
3 Years rr_ExpenseExampleYear03 672rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
5 Years rr_ExpenseExampleYear05 908rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
10 Years rr_ExpenseExampleYear10 1,587rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037818Member
Goldman Sachs Bond Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%rr_DistributionAndService12b1FeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.35%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
Other Expenses rr_OtherExpensesOverAssets 0.35%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.80%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.26%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
[5]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.54%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
[6],[7]
1 Year rr_ExpenseExampleYear01 257rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
3 Years rr_ExpenseExampleYear03 541rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
5 Years rr_ExpenseExampleYear05 951rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
10 Years rr_ExpenseExampleYear10 2,095rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
1 Year rr_ExpenseExampleNoRedemptionYear01 157rr_ExpenseExampleNoRedemptionYear01
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
3 Years rr_ExpenseExampleNoRedemptionYear03 541rr_ExpenseExampleNoRedemptionYear03
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
5 Years rr_ExpenseExampleNoRedemptionYear05 951rr_ExpenseExampleNoRedemptionYear05
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
10 Years rr_ExpenseExampleNoRedemptionYear10 2,095rr_ExpenseExampleNoRedemptionYear10
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037819Member
Goldman Sachs Bond Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.25%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
Other Expenses rr_OtherExpensesOverAssets 0.25%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.70%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.25%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
[5]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.45%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
[6],[7]
1 Year rr_ExpenseExampleYear01 46rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
3 Years rr_ExpenseExampleYear03 199rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
5 Years rr_ExpenseExampleYear05 365rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
10 Years rr_ExpenseExampleYear10 847rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000037820Member
Goldman Sachs Bond Fund | Service  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets 0.25%rr_Component1OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets 0.25%rr_Component2OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
All Other Expenses rr_Component3OtherExpensesOverAssets 0.26%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
Other Expenses rr_OtherExpensesOverAssets 0.76%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.21%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.26%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
[5]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.95%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
[6],[7]
1 Year rr_ExpenseExampleYear01 97rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
3 Years rr_ExpenseExampleYear03 358rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
5 Years rr_ExpenseExampleYear05 640rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
10 Years rr_ExpenseExampleYear10 1,443rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000041010Member
Goldman Sachs Bond Fund | Class IR  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.35%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
Other Expenses rr_OtherExpensesOverAssets 0.35%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.80%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.26%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
[5]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.54%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
[6],[7]
1 Year rr_ExpenseExampleYear01 55rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
3 Years rr_ExpenseExampleYear03 229rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
5 Years rr_ExpenseExampleYear05 419rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
10 Years rr_ExpenseExampleYear10 966rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058985Member
Goldman Sachs Bond Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%rr_ManagementFeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%rr_DistributionAndService12b1FeesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.33%rr_Component3OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
Other Expenses rr_OtherExpensesOverAssets 0.33%rr_OtherExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
[1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.28%rr_ExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.24%)rr_FeeWaiverOrReimbursementOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
[5]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.04%rr_NetExpensesOverAssets
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
[6],[7]
1 Year rr_ExpenseExampleYear01 106rr_ExpenseExampleYear01
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
3 Years rr_ExpenseExampleYear03 382rr_ExpenseExampleYear03
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
5 Years rr_ExpenseExampleYear05 679rr_ExpenseExampleYear05
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
10 Years rr_ExpenseExampleYear10 1,524rr_ExpenseExampleYear10
/ dei_LegalEntityAxis
= gst_S000013795Member
/ rr_ProspectusShareClassAxis
= gst_C000058984Member
[1] The differences in the "Other Expenses" ratios across the share classes are the result of, among other things, contractual differences in transfer agency fees and the effect of mathematical rounding on the daily accrual of certain expenses, particularly in respect of small share classes.
[2] The Investment Adviser has agreed to reduce or limit "Other Expenses" (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.014% of the Fund's average daily net assets through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
[3] The Fund's "Total Annual Fund Operating Expenses After Expense Limitation" have been restated to reflect the expense limitation currently in effect.
[4] After Expense Limitation
[5] The Investment Adviser has agreed to (i) waive a portion of the management fee in order to achieve a net management fee rate of 0.41% as an annual percentage of average daily net assets of the Fund, and (ii) reduce or limit "Other Expenses" (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, shareholder administration fees, taxes, interest, brokerage fees, shareholder meeting, litigation and extraordinary expenses) to 0.004% of the Fund's average daily net assets. These arrangements will remain in effect through at least December 1, 2015, and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Board of Trustees.
[6] The Fund's "Total Annual Fund Operating Expenses After Fee Waiver and Expense Limitation" have been restated to reflect the expense limitation currently in effect.
[7] After Fee Waiver and Expense Limitation
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Prospectus Date rr_ProspectusDate Jul. 29, 2014
Document Creation Date dei_DocumentCreationDate Dec. 01, 2014
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