GOLDMAN SACHS TRUST
Supplement dated April 28, 2017 to the
Summary Prospectuses, Statutory Prospectuses and Statements of Additional Information,
each dated April 28, 2017, for each applicable Goldman Sachs Fund that has
Class T Shares, as listed on Exhibit A (each, a Fund and, collectively, the Funds)
Class T Shares for the Funds listed in Exhibit A are not currently offered by the Goldman Sachs Trust.
This Supplement should be retained with your Summary Prospectus, Statutory Prospectus or Statement of Additional Information for future reference.
CLASSTGRWTHVAL 04-17
EXHIBIT A
Goldman Sachs Fundamental Equity Growth Funds
Goldman Sachs Capital Growth Fund
Goldman Sachs Concentrated Growth Fund
Goldman Sachs Flexible Cap Growth Fund
Goldman Sachs Focused Growth Fund
Goldman Sachs Strategic Growth Fund
Goldman Sachs Growth Opportunities Fund
Goldman Sachs Small/Mid Cap Growth Fund
Goldman Sachs Technology Opportunities Fund
Goldman Sachs Fundamental Equity Value Funds
Goldman Sachs Focused Value Fund
Goldman Sachs Growth and Income Fund
Goldman Sachs Large Cap Value Fund
Goldman Sachs Mid Cap Value Fund
Goldman Sachs Small Cap Value Fund
Goldman Sachs Small/Mid Cap Value Fund
Goldman Sachs Long Short Fund
Goldman Sachs Funds of Funds Portfolios
Goldman Sachs Balanced Strategy Portfolio
Goldman Sachs Equity Growth Strategy Portfolio
Goldman Sachs Growth and Income Strategy Portfolio
Goldman Sachs Growth Strategy Portfolio
Goldman Sachs Satellite Strategies Portfolio
Goldman Sachs Select Satellite Funds
Goldman Sachs Absolute Return Tracker Fund
Goldman Sachs Commodity Strategy Fund
Goldman Sachs Dynamic Allocation Fund
Goldman Sachs Managed Futures Strategy Fund
Goldman Sachs Real Estate Securities and Global Infrastructure Funds
Goldman Sachs International Real Estate Securities Fund
Goldman Sachs Real Estate Securities Fund
Goldman Sachs Global Real Estate Securities Fund
Goldman Sachs Global Infrastructure Fund
Goldman Sachs Tax-Advantaged Equity Funds
Goldman Sachs U.S. Equity Dividend and Premium Fund
Goldman Sachs International Equity Dividend and Premium Fund
Goldman Sachs U.S. Tax-Managed Equity Fund
Goldman Sachs International Tax-Managed Equity Fund