GOLDMAN SACHS TRUST
Supplement dated June 16, 2017 to the current
Summary Prospectuses, Statutory Prospectuses and Statements of Additional Information
for each applicable Goldman Sachs Fund that has Class IR Shares, as listed on Exhibit A
(each, a Fund and, collectively, the Funds)
At a meeting held on June 14-15, 2017, the Board of Trustees of the Goldman Sachs Trust approved the renaming of the Funds Class IR Shares to Investor Shares.
Effective August 15, 2017, all references to Class IR Shares in the Funds Summary Prospectuses, Statutory Prospectuses and Statements of Additional Information are hereby replaced with Investor Shares.
This Supplement should be retained with your Summary Prospectus, Statutory Prospectus and Statement of Additional Information for future reference.
CLASSIRSHRES 06-17
EXHIBIT A
Goldman Sachs Municipal Fixed Income Funds
Goldman Sachs High Yield Municipal Fund
Goldman Sachs Dynamic Municipal Income Fund
Goldman Sachs Short Duration Tax-Free Fund
Goldman Sachs Single Sector Fixed Income Funds
Goldman Sachs Dynamic Emerging Markets Debt Fund
Goldman Sachs Emerging Markets Debt Fund
Goldman Sachs High Yield Fund
Goldman Sachs High Yield Floating Rate Fund
Goldman Sachs Investment Grade Credit Fund
Goldman Sachs Local Emerging Markets Debt Fund
Goldman Sachs U.S. Mortgages Fund
Goldman Sachs Multi Sector Fixed Income Funds
Goldman Sachs Bond Fund
Goldman Sachs Core Fixed Income Fund
Goldman Sachs Global Income Fund
Goldman Sachs Strategic Income Fund
Goldman Sachs Short Duration and Government Fixed Income Funds
Goldman Sachs Enhanced Income Fund
Goldman Sachs High Quality Floating Rate Fund
Goldman Sachs Short Duration Government Fund
Goldman Sachs Inflation Protected Securities Fund
Goldman Sachs Government Income Fund
Goldman Sachs Short Duration Income Fund
Goldman Sachs Fixed Income Alternatives Funds
Goldman Sachs Fixed Income Macro Strategies Fund (effective June 20, 2017, Goldman Sachs Strategic Macro Fund)
Goldman Sachs Long Short Credit Strategies Fund
Goldman Sachs Fundamental Equity Growth Funds
Goldman Sachs Capital Growth Fund
Goldman Sachs Concentrated Growth Fund
Goldman Sachs Dynamic U.S. Equity 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 (effective June 20, 2017, Goldman Sachs Equity 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 Tax-Advantaged Equity Funds
Goldman Sachs International Equity Dividend and Premium Fund
Goldman Sachs International Tax-Managed Equity Fund
Goldman Sachs U.S. Tax-Managed Equity Fund
Goldman Sachs U.S. Equity Dividend and Premium Fund
Goldman Sachs Dividend Focus Funds
Goldman Sachs Income Builder Fund
Goldman Sachs Rising Dividend Growth Fund
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 Fundamental Emerging Markets Equity Funds
Goldman Sachs Asia Equity Fund
Goldman Sachs Emerging Markets Equity Fund
Goldman Sachs N-11 Equity Fund
Goldman Sachs Fundamental International Equity Funds
Goldman Sachs Focused International Equity Fund
Goldman Sachs Strategic International Equity Fund
Goldman Sachs Domestic Equity Insights Funds
Goldman Sachs Large Cap Growth Insights Fund
Goldman Sachs Large Cap Value Insights Fund
Goldman Sachs Small Cap Equity Insights Fund
Goldman Sachs Small Cap Growth Insights Fund
Goldman Sachs Small Cap Value Insights Fund
Goldman Sachs U.S. Equity Insights Fund
Goldman Sachs International Equity Insights Funds
Goldman Sachs Emerging Markets Equity Insights Fund
Goldman Sachs International Equity Insights Fund
Goldman Sachs International Small Cap Insights Fund
Goldman Sachs Long Short Fund
Goldman Sachs MLP Energy Infrastructure Fund
Goldman Sachs Absolute Return Multi-Asset Fund
Goldman Sachs Fund of Funds Portfolios
Goldman Sachs Balanced Strategy Portfolio
Goldman Sachs Growth and Income Strategy Portfolio
Goldman Sachs Growth Strategy Portfolio
Goldman Sachs Equity Growth Strategy Portfolio
Goldman Sachs Satellite Strategies Portfolio