0001193125-15-348376.txt : 20151020 0001193125-15-348376.hdr.sgml : 20151020 20151020173042 ACCESSION NUMBER: 0001193125-15-348376 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151020 DATE AS OF CHANGE: 20151020 EFFECTIVENESS DATE: 20151020 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: 151166995 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 S000009334 Goldman Sachs International Small Cap Fund C000025565 Institutional GISIX C000025566 Service GISSX C000025567 Class A GISAX C000025569 Class C GISCX C000091957 Class IR GIRSX 497 1 d75623d497.htm GOLDMAN SACHS TRUST Goldman Sachs Trust

GOLDMAN SACHS TRUST

Goldman Sachs Fundamental International Equity Funds

Class A, Class C, Institutional, Service and Class IR Shares of the

Goldman Sachs International Small Cap Fund

Supplement dated October 20, 2015 to the

Prospectus and Summary Prospectus, each dated February 27, 2015, as supplemented to date

The Board of Trustees of the Goldman Sachs Trust (“Board”) has approved an Agreement and Plan of Reorganization (the “Plan”) which contemplates the reorganization of the Goldman Sachs International Small Cap Fund (the “Acquired Fund”) with and into the Goldman Sachs International Small Cap Insights Fund (the “Surviving Fund” and, together with the Acquired Fund, the “Funds”). The reorganization was recommended by the Funds’ investment advisers, Goldman Sachs Asset Management, L.P. and Goldman Sachs Asset Management International (together, the “Investment Advisers”). The reorganization was recommended in connection with an effort to optimize the Goldman Sachs Funds and eliminate overlapping products.

Under the terms of the Plan, the Acquired Fund will transfer all of its assets to the Surviving Fund and the Surviving Fund will assume all of the liabilities of the Acquired Fund. Subsequently, the Acquired Fund will be liquidated and shareholders of the Acquired Fund will become shareholders of the Surviving Fund. Shareholders of the Acquired Fund will receive shares of the Surviving Fund that are equal in aggregate net asset value to the shares of the Acquired Fund held immediately prior to the closing date. Shareholders of Service Class Shares of the Acquired Fund will receive Class A Shares of the Surviving Fund and shareholders of each other class of shares of the Acquired Fund will receive the corresponding class of the Surviving Fund, as follows:

 

Acquired Fund       Surviving Fund
Class A   g   Class A
Class C   g   Class C
Institutional   g   Institutional
Service   g   Class A
Class IR   g   Class IR

The reorganization is expected to close during February 2016 or on such other date as the parties to the reorganization shall agree. The reorganization is intended to qualify as a tax-free reorganization for federal income tax purposes.

The Board, after careful consideration, unanimously approved the Plan. After considering the recommendation of the Investment Advisers, the Board concluded that: (i) the reorganization is in the best interests of each Fund; and (ii) the interests of the shareholders of each Fund will not be diluted as a result of the reorganization.

Completion of the reorganization is subject to a number of conditions, but shareholders of the Acquired Fund are not required to approve the Plan. Existing Acquired Fund

shareholders will receive an information statement describing in detail both the proposed reorganization and the Surviving Fund, and summarizing the Board’s considerations in approving the reorganization and Plan. As of the close of business on October 16, 2015, the Acquired Fund may depart from its stated investment objectives and policies as it prepares to reorganize with and into the Surviving Fund.

After the close of business on October 26, 2015, the Acquired Fund will discontinue accepting orders for the purchase of Acquired Fund shares or exchanges into the Acquired Fund from other Goldman Sachs Funds; provided, however, that existing shareholders of the Acquired Fund may continue to reinvest dividends and distributions, if any. Additionally, certain employee benefit plans and certain financial institutions providing services to employee benefit plans that hold shares of the Acquired Fund as of the close of business on October 20, 2015 may continue to purchase shares of the Acquired Fund, including 401(k) plans, profit sharing plans and money purchase pension plans, 403(b) plans, 457 plans and SIMPLE plans.

Until the effective time of the reorganization, Acquired Fund shareholders may continue to redeem (sell) their shares of that Fund and exchange those shares at net asset value without imposition of a contingent deferred sales charge for shares of the same class or an equivalent class of other Goldman Sachs Funds. Redemptions of Class A and Class C Shares by Acquired Fund shareholders between October 26, 2015 and the effective date of the reorganization will not be subject to any applicable contingent deferred sales charge. Redemption and exchange orders should be submitted in the manner described in the Acquired Fund’s Prospectus under “Shareholder Guide.”

This Supplement should be retained with your Prospectus and Summary Prospectus for future reference.

 

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