0001193125-19-016664.txt : 20190125 0001193125-19-016664.hdr.sgml : 20190125 20190125105030 ACCESSION NUMBER: 0001193125-19-016664 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 32 FILED AS OF DATE: 20190125 DATE AS OF CHANGE: 20190125 EFFECTIVENESS DATE: 20190125 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: 19541620 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 S000009316 Goldman Sachs Equity Income Fund C000025459 Institutional GSIIX C000025460 Service GSGSX C000025461 Class A GSGRX C000025463 Class C GSGCX C000055745 Class R GRGRX C000055746 Investor Shares GRGTX C000159653 Class R6 Shares GRGUX 0000822977 S000009317 Goldman Sachs Large Cap Value Fund C000025465 Institutional GSLIX C000025466 Service GSVSX C000025467 Class A GSLAX C000025469 Class C GSVCX C000055747 Class R GSVRX C000055748 Investor Shares GSVTX C000159654 Class R6 Shares GSVUX 0000822977 S000009320 Goldman Sachs Mid Cap Value Fund C000025483 Institutional GSMCX C000025484 Service GSMSX C000025485 Class A GCMAX C000025487 Class C GCMCX C000055751 Investor Shares GCMTX C000055752 Class R GCMRX C000159657 Class R6 Shares GCMUX 0000822977 S000009323 Goldman Sachs Small Cap Value Fund C000025501 Institutional GSSIX C000025502 Service GSSSX C000025503 Class A GSSMX C000025505 Class C GSSCX C000055757 Class R GSQRX C000055758 Investor Shares GSQTX C000159658 Class R6 Shares GSSUX 0000822977 S000044015 Goldman Sachs Small/Mid Cap Value Fund C000136623 Class A GMVAX C000136624 Class C GMVCX C000136625 Institutional GSMVX C000136626 Investor Shares GMVIX C000136627 Class R GMVRX C000161556 Class R6 Shares GMCUX 0000822977 S000050285 Goldman Sachs Focused Value Fund C000158768 Class A Shares GFVAX C000158769 Class C Shares GFVCX C000158770 Institutional Shares GFVSX C000158771 Investor Shares GFVIX C000158772 Class R Shares GFVRX C000158773 Class R6 Shares GFVUX 497 1 d497634d497.htm GOLDMAN SACHS TRUST Goldman Sachs Trust

RULE 497 FILING

On behalf of the Goldman Sachs Equity Income Fund, Goldman Sachs Focused Value Fund, Goldman Sachs Large Cap Value Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs Small Cap Value Fund and Goldman Sachs Small/Mid Cap Value 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 are exhibits containing interactive data format risk/return summary information. The interactive data files included as exhibits to this filing relate to the supplement filed with the Securities and Exchange Commission on behalf of the Funds pursuant to Rule 497(e) on January 4, 2019 (Accession No. 0001193125-19-002369), which is incorporated by reference into this Rule 497 Filing.

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long-term capital appreciation and growth of income. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page 53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). <b>Shareholder Fees<br/> (fees paid directly from your investment)</b> <b>Annual Fund Operating Expenses<br/> (expenses that you pay each year as a percentage of the value of your investment)</b> <b>Expense Example </b> 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/> This Example assumes that you invest $10,000 in Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and/or Class&nbsp;R6 Shares of the Fund for the time periods indicated and then redeem all of your Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and/or Class&nbsp;R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover </b> The Fund pays transaction costs when it buys and sells securities or instruments (i.e., &#8220;turns over&#8221; its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund&#8217;s performance. The Fund&#8217;s portfolio turnover rate for the fiscal year ended August&nbsp;31, 2018 was 69% of the average value of its portfolio. <b>Principal&nbsp;Strategy </b> The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (&#8220;Net Assets&#8221;) in equity investments. The Fund will generally invest in equity securities that the Investment Adviser believes have favorable prospects for capital appreciation and/or dividend-paying ability. Although the Fund will invest primarily in publicly traded U.S. securities, including preferred and convertible securities, master limited partnerships (&#8220;MLPs&#8221;) and real estate investment trusts (&#8220;REITs&#8221;), it may invest up to 25% of its Net Assets in foreign securities, including securities of issuers in countries with emerging markets or economies (&#8220;emerging countries&#8221;) and securities quoted in foreign currencies. The Investment Adviser expects that the Fund&#8217;s investments will be weighted in favor of companies that pay dividends or other current distributions. <br/><br/>The Fund&#8217;s equity investment process involves: (1)&nbsp;using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2)&nbsp;conducting in-depth company research and assessing overall business quality; and (3)&nbsp;buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser&#8217;s outlook based on subsequent events, the Investment Adviser&#8217;s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions. <br/><br/>The Fund may also invest up to 20% of its Net Assets in fixed income securities, such as government, corporate and bank debt obligations. <br/><br/>The Fund seeks to generate additional cash flow and may reduce volatility by the sale of call options on the S&amp;P 500<sup>&#174;</sup> Index or other regional stock market indices (or related exchange-traded funds (&#8220;ETFs&#8221;)). <br/><br/>The Fund expects that, under normal circumstances, it will sell call options in an amount that is between 0% and 30% of the value of the Fund&#8217;s portfolio. As the seller of the call options, the Fund will receive cash (the &#8220;premium&#8221;) from the purchaser. If the purchaser exercises the option, the Fund pays the purchaser the difference between the price of the index and the exercise price of the option. The premium, the exercise price and the market price of the index determine the gain or loss realized by the Fund as the seller of the call option. <br/><br/>During periods in which the U.S. equity markets are generally unchanged or falling, or in a modestly rising market where the income from premiums exceeds the aggregate appreciation of the underlying index over its exercise price, a diversified portfolio receiving premiums from its call option writing strategy may outperform the same portfolio without such an options strategy. However, in rising markets where the aggregate appreciation of the underlying index over its exercise price exceeds the income from premiums, a portfolio with a call writing strategy could significantly underperform the same portfolio without the options. <br/><br/>The Fund&#8217;s benchmark index is the Russell 1000<sup>&#174;</sup> Value Index. <b>Principal Risks of the Fund </b> Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing. <br/><br/> <b>Foreign and Emerging Countries Risk.</b>&nbsp;&nbsp;Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information and less economic, political and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs) and other government restrictions by the United States and other governments, or from problems in share registration, settlement or custody, may also result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. These risks may be more pronounced in connection with the Fund&#8217;s investments in securities of issuers located in emerging countries. <br/><br/> <b>Investment Style Risk.</b>&nbsp;&nbsp;Different investment styles (e.g., &#8220;growth&#8221;, &#8220;value&#8221; or &#8220;quantitative&#8221;) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors. <br/><br/><b>Large Shareholder Transactions Risk.</b>&nbsp;&nbsp;The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund&#8217;s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund&#8217;s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund&#8217;s current expenses being allocated over a smaller asset base, leading to an increase in the Fund&#8217;s expense ratio. <br/><br/> <b>Market Risk.</b>&nbsp;&nbsp;The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. <br/><br/> <b>Master Limited Partnership Risk.</b>&nbsp;&nbsp;Investments in securities of an MLP involve risks that differ from investments in common stock, including risks related to limited control and limited rights to vote on matters affecting the MLP. Certain MLP securities may trade in lower volumes due to their smaller capitalizations, and may be subject to more abrupt or erratic price movements and lower market liquidity. MLPs are generally considered interest-rate sensitive investments. During periods of interest rate volatility, these investments may not provide attractive returns.<br/><br/> Investments in securities of an MLP also include tax-related risks. For example, to the extent a distribution received by the Fund from an MLP is treated as a return of capital, the Fund&#8217;s adjusted tax basis in the interests of the MLP may be reduced, which will result in an increase in an amount of income or gain (or decrease in the amount of loss) that will be recognized by the Fund for tax purposes upon the sale of any such interests or upon subsequent distributions in respect of such interests. <br/><br/> <b>Option Writing Risk.</b>&nbsp;&nbsp;Writing (selling) call options limits the opportunity to profit from an increase in the market value of stocks in exchange for up-front cash (the premium) at the time of selling the call option. In a rising market, the Fund could significantly underperform the market. Furthermore, the Fund&#8217;s call option writing strategies may not fully protect it against market declines because the Fund will continue to bear the risk of a decline in the value of its portfolio securities. In a sharply-falling equity market, the Fund will likely also experience sharp declines in its net asset value (&#8220;NAV&#8221;).<br/><br/> <b>REIT Risk.</b>&nbsp;&nbsp;Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.<br/><br/> <b>Stock Risk.</b>&nbsp;&nbsp;Stock prices have historically risen and fallen in periodic cycles. U.S.&nbsp;and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. <b>Performance </b> The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. Prior to June 20, 2017, the Fund had been known as the Goldman Sachs Growth and Income Fund, and certain of its principal investment strategies differed. Performance information set forth below prior to June 20, 2017 reflects the performance resulting from the Fund&#8217;s former strategies. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus. <br/><br/> The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class&nbsp;A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown. <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b> The total return for Class A Shares for the nine-month period ended September 30, 2018 was 4.00%.<br/><br/>Best Quarter<br/>Q3 &#8216;09 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+15.28%<br/><br/>Worst Quarter<br/>Q4 &#8216;08 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;20.47% AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017</b> The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page 53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. December 28, 2019 Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.gsamfunds.com/performance The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class&nbsp;A Shares. If the sales loads were reflected, returns would be less. The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.055 0 0 0 0 0 0 0 0.01 0 0 0 0 0 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0025 0.0075 0 0.0025 0 0.005 0 0.0033 0.0058 0.0019 0.0044 0.0033 0.0033 0.0018 0 0.0025 0 0 0 0 0 0 0 0 0.0025 0 0 0 0.0033 0.0033 0.0019 0.0019 0.0033 0.0033 0.0018 0.0127 0.0202 0.0088 0.0138 0.0102 0.0152 0.0087 -0.0019 -0.0019 -0.0015 -0.0015 -0.0019 -0.0019 -0.0015 0.0108 0.0183 0.0073 0.0123 0.0083 0.0133 0.0072 654 913 1191 1984 286 615 1071 2333 75 266 473 1071 125 422 741 1644 85 306 545 1231 135 462 811 1796 74 263 468 1059 186 615 1071 2333 0.043 0.1103 0.0471 0.0706 0.0387 0.1061 0.0438 0.062 0.0277 0.0873 0.037 0.0568 0.1366 0.1403 0.071 0.098 0.0853 0.1145 0.0451 0.0352 0.1366 0.1403 0.071 0.0771 0.1081 0.1274 0.0571 0.0639 0.1366 0.1403 0.071 0.0896 0.1028 0.1219 0.0519 0.0593 0.1366 0.1403 0.071 0.0892 0.1065 0.1258 0.0556 0.0547 0.1366 0.1403 0.071 0.0693 0.1011 0.1202 0.0504 0.0495 0.1366 0.1403 0.071 0.0693 0.1082 0.1274 0.0571 0.0639 0.1366 0.1403 0.071 0.0896 50000 0.69 total return 2018-09-30 0.04 Best Quarter 2009-09-30 0.1528 Worst Quarter 2008-12-31 -0.2047 <b>Goldman Sachs Focused Value Fund&#8212;Summary </b> <b>Investment Objective </b> The Goldman Sachs Focused Value Fund (the &#8220;Fund&#8221;) seeks long-term capital appreciation. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page&nbsp;53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). <b>Shareholder Fees<br/>(fees paid directly from your investment):</b> <b>Annual Fund Operating Expenses<br/>(expenses that you pay each year as a percentage of the value of your investment)</b> <b>Expense Example </b> 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, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Investor, Class R and/or Class R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Assumingcomplete redemption at end of period Assumingno redemption <b>Portfolio Turnover </b> The Fund pays transaction costs when it buys and sells securities or instruments (i.e., &#8220;turns over&#8221; its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund&#8217;s performance. The Fund&#8217;s portfolio turnover rate for the fiscal year ended August 31, 2018 was 204% of the average value of its portfolio. <b>Principal Strategy </b> The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (&#8220;Net Assets&#8221;) in a portfolio of equity investments, including common stocks, preferred stocks, and other securities and instruments having equity characteristics. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in approximately 20-40 companies that are considered value opportunities, which the Investment Adviser defines as companies with identifiable competitive advantages whose intrinsic value is not reflected in the stock price. The Fund may invest in securities of companies of any capitalization. Although the Fund will invest primarily in publicly traded U.S. securities, it may invest up to 20% of its total assets in foreign securities, including securities of issuers in countries with emerging markets or economies (&#8220;emerging countries&#8221;) and securities quoted in foreign currencies.<br /><br />The Fund's equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser's outlook based on subsequent events, the Investment Adviser's ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.<br /><br />The Fund may invest in fixed income securities, such as government, corporate and bank debt obligations.<br /><br />The Fund's benchmark index is the Russell 1000<sup>&#174;</sup> Value Index.<br /><br />THE FUND IS "NON-DIVERSIFIED" UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT"), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS. <b>Principal Risks of the Fund </b> Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.<br /><br /> <b>Foreign and Emerging Countries Risk.</b> &nbsp;Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information and less economic, political and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs) and other government restrictions by the United States and other governments, or from problems in share registration, settlement or custody, may also result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. These risks may be more pronounced in connection with the Fund's investments in securities of issuers located in emerging countries.<br /><br /> <b>Investment Style Risk.</b> &nbsp;Different investment styles (e.g., "growth," "value" or "quantitative") tend to shift in and out of favor depending upon market and economic conditions as well as investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value investing is an example of an investment style. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.<br /><br /> <b>Large Shareholder Transactions Risk.</b> &nbsp;The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund&#8217;s net asset value (&#8220;NAV&#8221;) and liquidity. Similarly, large Fund share purchases may adversely affect the Fund&#8217;s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund&#8217;s current expenses being allocated over a smaller asset base, leading to an increase in the Fund&#8217;s expense ratio.<br /><br /><b>Market Risk.</b> &nbsp;The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.<br /><br /><b>Mid-Cap and Small-Cap Risk.</b> &nbsp;Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.<br /><br /><b>Non-Diversification Risk.</b> &nbsp;The Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in fewer issuers than diversified mutual funds. Thus, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio, and may be more susceptible to greater losses because of these developments. Under normal circumstances, the Fund intends to invest in approximately 20-40 companies.<br /><br /><b>Portfolio Turnover Rate Risk.</b> &nbsp;A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.<br /><br /><b>Stock Risk.</b> &nbsp;Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. <b>Performance </b> The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund&#8217;s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund&#8217;s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.<br/><br/>Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown. <b>TOTAL RETURN CALENDAR YEAR (Institutional)</b> The total return for Institutional Shares for the nine-month period ended September 30, 2018 was 3.70%.<br/><br/>Best Quarter<br/>Q4 &#8216;16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+6.96%<br/><br/>Worst Quarter<br/>Q1 &#8216;16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;2.61% AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December&nbsp;31, 2017</b> The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#151;Common Questions Applicable to the Purchase of Class A Shares&#8221; beginning on page 53 and in Appendix D&#151;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1% is imposed on Class C Shares redeemed within 12&nbsp;months of purchase. The &#8220;Other Expenses&#8221; have been restated to reflect expenses expected to be incurred during the current fiscal year. December&nbsp;28, 2019 Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. <b>Non-Diversification Risk.</b> &nbsp;The Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in fewer issuers than diversified mutual funds. Thus, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio, and may be more susceptible to greater losses because of these developments. Under normal circumstances, the Fund intends to invest in approximately 20-40 companies. The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Institutional Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.gsamfunds.com/performance The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.055 0 0 0 0 0 0 0.01 0 0 0 0 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0025 0.0075 0 0 0.005 0 0.0486 0.0511 0.0472 0.0486 0.0486 0.0471 0 0.0025 0 0 0 0 0.0486 0.0486 0.0472 0.0486 0.0486 0.0471 0.058 0.0655 0.0541 0.0555 0.0605 0.054 -0.0472 -0.0472 -0.0468 -0.0472 -0.0472 -0.0468 0.0108 0.0183 0.0073 0.0083 0.0133 0.0072 654 1784 2896 5599 286 1517 2806 5860 75 1198 2313 5059 85 1235 2372 5161 135 1377 2592 5520 74 1195 2308 5051 186 1517 2806 5860 0.1492 0.1292 0.0627 0.05 0.0365 0.0378 0.0466 0.0359 0.1366 0.109 0.1061 0.0669 0.1366 0.109 0.1292 0.0788 0.1366 0.109 0.1277 0.0773 0.1366 0.109 0.1228 0.0721 0.1366 0.109 0.1302 0.0794 0.1366 0.109 50000 2.04 total return 2018-09-30 0.037 Best&nbsp;Quarter 2016-12-31 0.0696 Worst&nbsp;Quarter 2016-03-31 -0.0261 <b>Goldman Sachs Large Cap Value Fund&#8212;Summary </b> <b>Investment Objective </b> The Goldman Sachs Large Cap Value Fund (the &#8220;Fund&#8221;) seeks long-term capital appreciation. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page 53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). <b>Shareholder Fees<br/>(fees paid directly from your investment)</b> <b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b> <b>Expense Example </b> 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/>This Example assumes that you invest $10,000 in Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and/or Class&nbsp;R6 Shares of the Fund for the time periods indicated and then redeem all of your Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and/or Class&nbsp;R6 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). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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 <b>Portfolio Turnover </b> The Fund pays transaction costs when it buys and sells securities or instruments (i.e., &#8220;turns over&#8221; its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund&#8217;s performance. The Fund&#8217;s portfolio turnover rate for the fiscal year ended August&nbsp;31, 2018 was 171% of the average value of its portfolio. <b>Principal&nbsp;Strategy </b> The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (&#8220;Net Assets&#8221;) in a diversified portfolio of equity investments in large-cap U.S.&nbsp;issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 1000&#174; Value Index at the time of investment. As of September&nbsp;30, 2018, the capitalization range of the Russell&nbsp;1000&#174; Value Index was between $604&nbsp;million and $878.36&nbsp;billion. Although the Fund will invest primarily in publicly traded U.S.&nbsp;securities, it may invest in foreign securities, including securities of issuers in countries with emerging markets or economies (&#8220;emerging countries&#8221;) and securities quoted in foreign currencies. <br/><br/> The Fund seeks its investment objective by investing in value opportunities that the Investment Adviser defines as companies with identifiable competitive advantages whose intrinsic value is not reflected in the stock price. The Fund&#8217;s equity investment process involves: (1)&nbsp;using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2)&nbsp;conducting in-depth company research and assessing overall business quality; and (3)&nbsp;buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser&#8217;s outlook based on subsequent events, the Investment Adviser&#8217;s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions. <br/><br/>The Fund may also invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 1000<sup>&#174;</sup> Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations. <br/><br/>The Fund&#8217;s benchmark index is the Russell 1000<sup>&#174;</sup> Value Index. <b>Principal Risks of the Fund </b> Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing. <br/><br/> <b>Investment Style Risk.</b>&nbsp;&nbsp;Different investment styles (e.g., &#8220;growth&#8221;, &#8220;value&#8221; or &#8220;quantitative&#8221;) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors. <br/><br/> <b>Large Shareholder Transactions Risk.</b>&nbsp;&nbsp;The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund&#8217;s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund&#8217;s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund&#8217;s current expenses being allocated over a smaller asset base, leading to an increase in the Fund&#8217;s expense ratio. <br/><br/><b> Market Risk.</b>&nbsp;&nbsp;The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.<br/><br/> <b>Portfolio Turnover Rate Risk.</b>&nbsp;&nbsp;A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders. <br/><br/><b>Stock Risk.</b>&nbsp;&nbsp;Stock prices have historically risen and fallen in periodic cycles. U.S.&nbsp;and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. <b>Performance </b> The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus. <br/><br/>The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class&nbsp;A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown. <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b> The total return for Class A Shares for the nine-month period ended September 30, 2018 was 3.90%.<br/><br/>Best Quarter<br/>Q3 &#8216;09&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+15.37%<br/><br/>Worst Quarter<br/>Q4 &#8216;08&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;21.77% AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017 </b> The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. December 28, 2019 Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.gsamfunds.com/performance The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class&nbsp;A Shares. If the sales loads were reflected, returns would be less. The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.055 0 0 0 0 0 0 0 0.01 0 0 0 0 0 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0.0075 0.0025 0.0075 0 0.0025 0 0.005 0 0.0024 0.0049 0.001 0.0035 0.0024 0.0024 0.0009 0 0.0025 0 0 0 0 0 0 0 0 0.0025 0 0 0 0.0024 0.0024 0.001 0.001 0.0024 0.0024 0.0009 0.0124 0.0199 0.0085 0.0135 0.0099 0.0149 0.0084 -0.0013 -0.0013 -0.0006 -0.0006 -0.0013 -0.0013 -0.0006 0.0111 0.0186 0.0079 0.0129 0.0086 0.0136 0.0078 657 910 1182 1957 289 612 1061 2306 81 265 465 1043 131 422 734 1619 88 302 534 1201 138 458 801 1768 80 262 460 1032 189 612 1061 2306 1999-12-15 0.0332 0.1028 0.0464 0.058 1999-12-15 -0.0067 0.0841 0.0367 0.0497 1999-12-15 0.0429 0.0785 0.0353 0.0465 1999-12-15 0.1366 0.1403 0.071 0.0704 1999-12-15 0.075 0.1072 0.0445 0.0534 1999-12-15 0.1366 0.1403 0.071 0.0704 1999-12-15 0.0973 0.1198 0.0564 0.0654 1999-12-15 0.1366 0.1403 0.071 0.0704 1999-12-15 0.0919 0.1141 0.0511 0.0605 1999-12-15 0.1366 0.1403 0.071 0.0704 2007-11-30 0.0963 0.1182 0.0549 0.0547 2007-11-30 0.1366 0.1403 0.071 0.0693 2007-11-30 0.0909 0.1127 0.0498 0.0496 2007-11-30 0.1366 0.1403 0.071 0.0693 2015-07-31 0.0995 0.1204 0.0567 0.0656 2015-07-31 0.1366 0.1403 0.071 0.0704 50000 1.71 total return 2018-09-30 0.039 Best Quarter 2009-09-30 0.1537 Worst Quarter 2008-12-31 -0.2177 <b>Goldman Sachs Mid Cap Value Fund&#8212;Summary </b> <b>Investment Objective </b> The Goldman Sachs Mid Cap Value Fund (the &#8220;Fund&#8221;) seeks long-term capital appreciation. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page&nbsp;53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). <b>Shareholder Fees<br/> (fees paid directly from your investment)</b> <b>Annual Fund Operating Expenses<br/> (expenses that you pay each year as a percentage of the value of your investment)</b> <b>Expense Example </b> 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/>This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 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. The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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 <b>Portfolio Turnover </b> The Fund pays transaction costs when it buys and sells securities or instruments (i.e., &#8220;turns over&#8221; its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund&#8217;s performance. The Fund&#8217;s portfolio turnover rate for the fiscal year ended August&nbsp;31, 2018 was 137% of the average value of its portfolio. <b>Principal&nbsp;Strategy </b> The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (&#8220;Net Assets&#8221;) in a diversified portfolio of equity investments in mid-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap&#174; Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell Midcap&#174; Value Index was between $604 million and $37.1 billion. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (&#8220;REITs&#8221;), it may invest in foreign securities, including securities of issuers in countries with emerging markets or economies (&#8220;emerging countries&#8221;) and securities quoted in foreign currencies. <br/><br/>The Fund&#8217;s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser&#8217;s outlook based on subsequent events, the Investment Adviser&#8217;s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions. <br/><br/>The Fund may also invest in companies with public stock market capitalizations outside the range of companies constituting the Russell Midcap&#174; Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations. <br/><br/>The Fund&#8217;s benchmark index is the Russell Midcap<sup>&#174;</sup> Value Index. <b>Principal Risks of the Fund </b> Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing. <br/><br/><b>Investment Style Risk.</b>&nbsp;&nbsp;Different investment styles (e.g., &#8220;growth&#8221;, &#8220;value&#8221; or &#8220;quantitative&#8221;) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors. <br/><br/><b>Large Shareholder Transactions Risk.</b>&nbsp;&nbsp;The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund&#8217;s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund&#8217;s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund&#8217;s current expenses being allocated over a smaller asset base, leading to an increase in the Fund&#8217;s expense ratio. <br/><br/><b>Market Risk.</b>&nbsp;&nbsp;The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. <br/><br/><b>Mid-Cap and Small-Cap Risk.</b>&nbsp;&nbsp;Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks. <br/><br/><b>Portfolio Turnover Rate Risk.</b>&nbsp;&nbsp;A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders. <br/><br/><b>REIT Risk.</b>&nbsp;&nbsp;Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price. <br/><br/><b>Stock Risk.</b>&nbsp;&nbsp;Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. <b>Performance </b> The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus. <br/><br/>The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown. <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b> The total return for Class A Shares for the nine-month period ended September 30, 2018 was 3.84%.<br/><br/>Best Quarter<br/>Q3 &#8216;09&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+19.51%<br/><br/>Worst Quarter<br/>Q4 &#8216;08&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;23.79% AVERAGE ANNUAL TOTAL RETURN<br/><br/> <b>For the period ended December&nbsp;31, 2017</b> The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page&nbsp;53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.gsamfunds.com/performance The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class&nbsp;A Shares. If the sales loads were reflected, returns would be less. The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.055 0 0 0 0 0 0 0 0.01 0 0 0 0 0 0.0074 0.0074 0.0074 0.0074 0.0074 0.0074 0.0074 0.0025 0.0075 0 0.0025 0 0.005 0 0.0023 0.0048 0.0009 0.0034 0.0023 0.0023 0.0008 0 0.0025 0 0 0 0 0 0 0 0 0.0025 0 0 0 0.0023 0.0023 0.0009 0.0009 0.0023 0.0023 0.0008 0.0122 0.0197 0.0083 0.0133 0.0097 0.0147 0.0082 667 916 1183 1946 300 618 1062 2296 85 265 460 1025 135 421 729 1601 99 309 536 1190 150 465 803 1757 84 262 455 1014 200 618 1062 2296 1997-08-15 0.0458 0.0988 0.0631 0.0848 1997-08-15 0.012 0.065 0.0459 0.0682 1997-08-15 0.0532 0.0719 0.0475 0.0667 1997-08-15 0.1334 0.1467 0.0909 0.0998 1997-08-15 0.0876 0.1031 0.0611 0.0799 1997-08-15 0.1334 0.1467 0.0909 0.0998 1995-08-01 0.1114 0.1158 0.0734 0.1093 1995-08-01 0.1334 0.1467 0.0909 0.1133 1997-07-18 0.1057 0.1102 0.068 0.088 1997-07-18 0.1334 0.1467 0.0909 0.1004 2007-11-30 0.1096 0.1142 0.0717 0.0723 2007-11-30 0.1334 0.1467 0.0909 0.0889 2009-01-06 0.1041 0.1086 0.1261 2009-01-06 0.1334 0.1467 0.157 2015-07-31 0.1111 0.1159 0.0734 0.1093 2015-07-31 0.1334 0.1467 0.0909 0.1133 50000 1.37 total return 2018-09-30 0.0384 Best Quarter 2009-09-30 0.1951 Worst Quarter 2008-12-31 -0.2379 <b>Goldman Sachs Small Cap Value Fund&#8212;Summary </b> <b>Investment Objective </b> The Goldman Sachs Small Cap Value Fund (the &#8220;Fund&#8221;) seeks long-term capital appreciation. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page&nbsp;53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). <b>Shareholder Fees <br/>(fees paid directly from your investment)</b> <b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b> <b>Expense Example </b> 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/>This Example assumes that you invest $10,000 in Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and/or Class&nbsp;R6 Shares of the Fund for the time periods indicated and then redeem all of your Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and/or Class&nbsp;R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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 <b>Portfolio Turnover </b> The Fund pays transaction costs when it buys and sells securities or instruments (i.e., &#8220;turns over&#8221; its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund&#8217;s performance. The Fund&#8217;s portfolio turnover rate for the fiscal year ended August 31, 2018 was 55% of the average value of its portfolio. <b>Principal&nbsp;Strategy </b> The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (&#8220;Net Assets&#8221;) in a diversified portfolio of equity investments in small-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 2000&#174; Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell 2000&#174; Value Index was between $75 million and $6.035&nbsp;billion. Under normal circumstances, the Fund&#8217;s investment horizon for ownership of stocks will be two to three years. Although the Fund will invest primarily in publicly traded U.S.&nbsp;securities, including real estate investment trusts (&#8220;REITs&#8221;), it may also invest in foreign securities, including securities of issuers in countries with emerging markets or economies (&#8220;emerging countries&#8221;) and securities quoted in foreign currencies. <br/><br/> The Fund&#8217;s equity investment process involves: (1)&nbsp;using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2)&nbsp;conducting in-depth company research and assessing overall business quality; and (3)&nbsp;buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser&#8217;s outlook based on subsequent events, the Investment Adviser&#8217;s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions. <br/><br/>The Fund may invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 2000&#174; Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations. <br/><br/>The Fund&#8217;s benchmark index is the Russell 2000<sup>&#174;</sup> Value Index. <b>Principal Risks of the Fund </b> Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing. <br/><br/> <b>Investment Style Risk.</b>&nbsp;&nbsp;Different investment styles (e.g., &#8220;growth&#8221;, &#8220;value&#8221; or &#8220;quantitative&#8221;) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.<br/><br/> <b>Large Shareholder Transactions Risk</b>.&nbsp;&nbsp;The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund&#8217;s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund&#8217;s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund&#8217;s current expenses being allocated over a smaller asset base, leading to an increase in the Fund&#8217;s expense ratio. <br/><br/><b>Market Risk</b>.&nbsp;&nbsp;The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.<br/><br/><b>Mid-Cap and Small-Cap Risk</b>.&nbsp;&nbsp;Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks. <br/><br/><b>REIT Risk</b>.&nbsp;&nbsp;Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.<br/><br/><b>Stock Risk</b>.&nbsp;&nbsp;Stock prices have historically risen and fallen in periodic cycles. U.S.&nbsp;and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. <b>Performance </b> The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus. <br/><br/>The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class&nbsp;A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown. <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b> The total return for Class A Shares for the nine-month period ended September 30, 2018 was 4.66%.<br/><br/>Best Quarter<br/>Q3 &#8216;09&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+19.78%<br/><br/>Worst Quarter<br/>Q4 &#8216;08&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;24.77% AVERAGE ANNUAL TOTAL RETURN <br/><br/><b>For the period ended December&nbsp;31, 2017</b> The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. December 28, 2019 Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Class&nbsp;A Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class&nbsp;C, Institutional, Service, Investor, Class&nbsp;R and Class&nbsp;R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.gsamfunds.com/performance The bar chart (including &#8220;Best Quarter&#8221; and &#8220;Worst Quarter&#8221; information) does not reflect the sales loads applicable to Class&nbsp;A Shares. If the sales loads were reflected, returns would be less. The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class&nbsp;C, Institutional, Service, Investor and Class&nbsp;R6 Shares, and returns for Class&nbsp;R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.055 0 0 0 0 0 0 0 0.01 0 0 0 0 0 0.009 0.009 0.009 0.009 0.009 0.009 0.009 0.0025 0.0075 0 0.0025 0 0.005 0 0.0021 0.0046 0.0007 0.0032 0.0021 0.0021 0.0006 0 0.0025 0 0 0 0 0 0 0 0 0.0025 0 0 0 0.0021 0.0021 0.0007 0.0007 0.0021 0.0021 0.0006 0.0136 0.0211 0.0097 0.0147 0.0111 0.0161 0.0096 -0.0003 -0.0003 -0.0003 -0.0003 -0.0003 -0.0003 -0.0003 0.0133 0.0208 0.0094 0.0144 0.0108 0.0158 0.0093 678 954 1251 2093 311 658 1131 2439 96 306 533 1187 147 462 800 1755 110 350 609 1349 161 505 873 1909 95 303 528 1175 211 658 1131 2439 1992-10-22 0.0572 0.1281 0.0955 0.1066 1992-10-22 0.0297 0.1075 0.0837 0.0935 1992-10-22 0.0518 0.0983 0.0762 0.0886 1992-10-22 0.0784 0.13 0.0817 0.1119 1997-08-15 0.0995 0.1324 0.0936 0.0888 1997-08-15 0.0784 0.13 0.0817 0.0898 1997-08-15 0.1234 0.1455 0.1063 0.1014 1997-08-15 0.0784 0.13 0.0817 0.0898 1997-08-15 0.1178 0.1398 0.1008 0.096 1997-08-15 0.0784 0.13 0.0817 0.0898 2007-11-30 0.1216 0.1438 0.1045 0.1021 2007-11-30 0.0784 0.13 0.0817 0.08 2007-11-30 0.116 0.1381 0.0992 0.0967 2007-11-30 0.0784 0.13 0.0817 0.08 2015-07-31 0.1237 0.1456 0.1063 0.1016 2015-07-31 0.0784 0.13 0.0817 0.0898 50000 0.55 total return 2018-09-30 0.0466 Best Quarter 2009-09-30 0.1978 Worst Quarter 2008-12-31 -0.2477 <b>Goldman Sachs Small/Mid Cap Value Fund&#8212;Summary </b> <b>Investment Objective </b> The Goldman Sachs Small/Mid Cap Value Fund (the &#8220;Fund&#8221;) seeks long-term capital appreciation. <b>Fees and Expenses of the Fund </b> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page&nbsp;53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). <b>Shareholder Fees <br/>(fees paid directly from your investment):</b> <b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b> <b>Expense Example </b> 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/>This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Investor, Class R and/or Class R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be: Assuming complete redemption at end of period <b>Portfolio Turnover </b> The Fund pays transaction costs when it buys and sells securities or instruments (i.e., &#8220;turns over&#8221; its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund&#8217;s performance. The Fund&#8217;s portfolio turnover rate for the fiscal year ended August 31, 2018 was 105% of the average value of its portfolio. <b>Principal Strategy </b> The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (&#8220;Net Assets&#8221;) in a diversified portfolio of equity investments in small- and mid-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 2000<sup>&#174;</sup> Value Index and the Russell Midcap<sup>&#174;</sup> Value Index, respectively, at the time of investment. As of September 30, 2018, the capitalization range of the companies in these indices was between $75 million and $37.1 billion. Under normal circumstances, the Fund&#8217;s investment horizon for ownership of stocks will be two to three years. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (&#8220;REITs&#8221;), it may also invest in foreign securities, including securities of issuers in countries with emerging markets or economies (&#8220;emerging countries&#8221;) and securities quoted in foreign currencies.<br/><br/> The Fund&#8217;s equity investment process involves: (1)&nbsp;using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2)&nbsp;conducting in-depth company research and assessing overall business quality; and (3)&nbsp;buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser&#8217;s outlook based on subsequent events, the Investment Adviser&#8217;s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions. <br/><br/> The Fund may invest in companies with public stock market capitalizations outside the range of companies constituting the Russell&nbsp;2000<sup>&#174;</sup> Value Index and the Russell Midcap<sup>&#174;</sup> Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.<br/><br/>The Fund&#8217;s benchmark index is the Russell 2500<sup>&#174;</sup> Value Index. <b>Principal Risks of the Fund </b> Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing. <br/><br/><b>Investment Style Risk.</b>&nbsp;&nbsp;Different investment styles (e.g., &#8220;growth&#8221;, &#8220;value&#8221; or &#8220;quantitative&#8221;) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.<br/><br/><b>Large Shareholder Transactions Risk.</b>&nbsp;&nbsp;The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund&#8217;s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund&#8217;s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund&#8217;s current expenses being allocated over a smaller asset base, leading to an increase in the Fund&#8217;s expense ratio.<br/><br/><b>Market Risk.</b>&nbsp;&nbsp;The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.<br/><br/><b>Mid-Cap and Small-Cap Risk.</b>&nbsp;&nbsp;Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.<br/><br/><b>Portfolio Turnover Rate Risk.</b>&nbsp;&nbsp;A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.<br/><br/><b>REIT Risk.</b>&nbsp;&nbsp;Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price. <br/><br/><b>Stock Risk.</b>&nbsp;&nbsp;Stock prices have historically risen and fallen in periodic cycles. U.S.&nbsp;and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future. <b>Performance </b> The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund&#8217;s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund&#8217;s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.<br/><br/>Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown. <b>TOTAL RETURN CALENDAR YEAR (INSTITUTIONAL)</b> The total return for Institutional Shares for the nine-month period ended September 30, 2018 was 2.03%.<br/><br/>Best Quarter<br/>Q4 &#8216;16 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;+8.05%<br/><br/>Worst Quarter<br/>Q3 &#8216;15 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#8211;9.29% AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December&nbsp;31, 2017</b> The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#151;Common Questions Applicable to the Purchase of Class A Shares&#8221; beginning on page 53 and in Appendix D&#151;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1% is imposed on Class&nbsp;C Shares redeemed within 12&nbsp;months of purchase. The &#8220;Other Expenses&#8221; have been restated to reflect expenses expected to be incurred during the current fiscal year. December 28, 2019 Assuming no redemption Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) or any government agency. The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a)&nbsp;changes in the performance of the Fund&#8217;s Institutional Shares from year to year; and (b)&nbsp;how the average annual total returns of the Fund&#8217;s Class&nbsp;A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund&#8217;s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. www.gsamfunds.com/performance The after-tax returns are for Class&nbsp;A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.055 0 0 0 0 0 0 0.01 0 0 0 0 0.008 0.008 0.008 0.008 0.008 0.008 0.0025 0.0075 0 0 0.005 0 0.0041 0.0066 0.0027 0.0041 0.0041 0.0026 0 0.0025 0 0 0 0 0.0041 0.0041 0.0027 0.0041 0.0041 0.0026 0.0146 0.0221 0.0107 0.0121 0.0171 0.0106 -0.0023 -0.0023 -0.0023 -0.0023 -0.0023 -0.0023 0.0123 0.0198 0.0084 0.0098 0.0148 0.0083 668 965 1283 2182 301 669 1164 2526 86 317 568 1285 100 361 643 1446 151 516 907 2000 85 314 562 1273 201 669 1164 2526 -0.0436 0.1738 0.153 0.0855 0.0772 0.0748 0.0719 0.0568 0.0592 0.1036 0.0969 0.1304 0.0852 0.1036 0.0969 0.153 0.0977 0.1036 0.0969 0.1526 0.0958 0.1036 0.0969 0.1461 0.0904 0.1036 0.0969 2015-07-31 2015-07-31 0.154 0.0981 0.1036 0.0969 50000 1.05 N-1A Assuming complete redemption at end of period Assuming no redemption -0.3543 0.1826 0.1148 -0.0769 0.1953 0.3247 0.113 -0.0308 0.1321 0.1037 -0.3721 0.2476 0.1213 -0.3665 -0.0781 0.1915 0.327 0.3259 0.2436 0.1226 -0.0466 -0.0661 0.1129 0.0932 0.1798 0.3243 0.1325 -0.0946 0.1281 0.1066 A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. 1993-02-05 1993-02-05 1993-02-05 1993-02-05 1997-08-15 1997-08-15 1996-06-03 1996-06-03 1996-03-06 1996-03-06 2007-11-30 2007-11-30 2007-11-30 2007-11-30 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 2015-07-31 A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. A contingent deferred sales charge (&#8220;CDSC&#8221;) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. -0.2715 0.277 0.2588 0.0042 0.1602 0.3828 0.0686 -0.0577 0.2408 0.1189 You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in "Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class A Shares" beginning on page 53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and "Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends" beginning on page B-108 of the Fund's Statement of Additional Information ("SAI"). Previously, the bar chart above showed the Fund's annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares. You may qualify for sales charge discounts on purchases of Class&nbsp;A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in &#8220;Shareholder Guide&#8212;Common Questions Applicable to the Purchase of Class&nbsp;A Shares&#8221; beginning on page&nbsp;53 and in Appendix D&#8212;Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and &#8220;Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends&#8221; beginning on page&nbsp;B-108 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;). 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 2014-01-31 total return 2018-09-30 0.0203 Best Quarter 2016-12-31 0.0805 Worst Quarter 2015-09-30 -0.0929 Previously, the bar chart above showed the Fund's annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares. <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleShareholderFees000042 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualFundOperatingExpenses000043 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleTransposed000044 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposed000045 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualTotalReturnsBarChart000046 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposed000047 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleShareholderFees000012 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualFundOperatingExpenses000013 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleTransposed000014 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposed000015 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposed000017 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleShareholderFees000032 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualFundOperatingExpenses000033 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleTransposed000034 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposed000035 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualTotalReturnsBarChart000036 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposed000037 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleShareholderFees000052 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualFundOperatingExpenses000053 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleTransposed000054 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleShareholderFees000062 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposed000055 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualFundOperatingExpenses000063 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualTotalReturnsBarChart000056 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleTransposed000064 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposed000065 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposed000057 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualTotalReturnsBarChart000066 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposed000067 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualTotalReturnsBarChart000016 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleShareholderFees000022 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualFundOperatingExpenses000023 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleTransposed000024 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleExpenseExampleNoRedemptionTransposed000025 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAnnualTotalReturnsBarChart000026 column period compact * ~</div> <div style="display:none">~ http://www.gsamfunds.com/role/ScheduleAverageAnnualTotalReturnsTransposed000027 column period compact * ~</div> A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. 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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund's average daily net assets. Additionally, Goldman Sachs & Co. LLC ("Goldman Sachs"), the Fund's transfer agent, has agreed to waive a portion of its transfer agency fee (a component of "Other Expenses") equal to 0.04% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees. Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance. Previously, the bar chart above showed the Fund’s annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares. After Expense Limitation Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares' inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses. After Fee Waiver and Expense Limitation Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares' inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses. Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses. A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year. The Investment Adviser has agreed to reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, taxes, interest, brokerage fees, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. Additionally, Goldman Sachs & Co. LLC (“Goldman Sachs”), the Fund’s transfer agent, has agreed to waive a portion of its transfer agency fee (a component of “Other Expenses”) equal to 0.04% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees. Previously, the bar chart above showed the Fund’s annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares. A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. 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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. Additionally, Goldman Sachs & Co. (“Goldman Sachs”), the Fund’s transfer agent, has agreed to waive a portion of its transfer agency fee (a component of “Other Expenses”) equal to 0.07% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees. Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance. A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance. Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses. A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. 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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. This arrangement will remain in effect through at least December 28, 2019, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees. Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance. Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses. A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase. The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year. The Investment Adviser has agreed to reduce or limit “Other Expenses” (excluding acquired fund fees and expenses, transfer agency fees and expenses, service fees, taxes, interest, brokerage fees, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. This arrangement will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees. 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Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund
<b>Goldman Sachs Equity Income Fund—Summary </b>
<b>Investment Objective </b>
The Goldman Sachs Equity Income Fund (the “Fund”) seeks long-term capital appreciation and growth of income.
<b>Fees and Expenses of the Fund </b>
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
<b>Shareholder Fees<br/> (fees paid directly from your investment)</b>
Shareholder Fees - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Equity Income Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) [1] none 1.00% none none none none none
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
<b>Annual Fund Operating Expenses<br/> (expenses that you pay each year as a percentage of the value of your investment)</b>
Annual Fund Operating Expenses - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Equity Income Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Management Fees 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69%
Distribution and/or Service (12b-1) Fees 0.25% 0.75% none 0.25% none 0.50% none
Other Expenses 0.33% 0.58% 0.19% 0.44% 0.33% 0.33% 0.18%
Service Fees none 0.25% none none none none none
Shareholder Administration Fees none none none 0.25% none none none
All Other Expenses 0.33% 0.33% 0.19% 0.19% 0.33% 0.33% 0.18%
Total Annual Fund Operating Expenses 1.27% 2.02% 0.88% 1.38% 1.02% 1.52% 0.87%
Expense Limitation [1] (0.19%) (0.19%) (0.15%) (0.15%) (0.19%) (0.19%) (0.15%)
Total Annual Fund Operating Expenses [2] 1.08% 1.83% 0.73% 1.23% 0.83% 1.33% 0.72%
[1] 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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund's average daily net assets. Additionally, Goldman Sachs & Co. LLC ("Goldman Sachs"), the Fund's transfer agent, has agreed to waive a portion of its transfer agency fee (a component of "Other Expenses") equal to 0.04% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees.
[2] After Expense Limitation
<b>Expense Example </b>
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Assuming complete redemption at end of period
Expense Example - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Equity Income Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A Shares 654 913 1,191 1,984
Class C Shares 286 615 1,071 2,333
Institutional Shares 75 266 473 1,071
Service Shares 125 422 741 1,644
Investor Shares 85 306 545 1,231
Class R Shares 135 462 811 1,796
Class R6 Shares 74 263 468 1,059
Assuming no redemption
Expense Example, No Redemption
1 Year
3 Years
5 Years
10 Years
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Class C Shares | USD ($) 186 615 1,071 2,333
<b>Portfolio Turnover </b>
The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 69% of the average value of its portfolio.
<b>Principal Strategy </b>
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in equity investments. The Fund will generally invest in equity securities that the Investment Adviser believes have favorable prospects for capital appreciation and/or dividend-paying ability. Although the Fund will invest primarily in publicly traded U.S. securities, including preferred and convertible securities, master limited partnerships (“MLPs”) and real estate investment trusts (“REITs”), it may invest up to 25% of its Net Assets in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies. The Investment Adviser expects that the Fund’s investments will be weighted in favor of companies that pay dividends or other current distributions.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may also invest up to 20% of its Net Assets in fixed income securities, such as government, corporate and bank debt obligations.

The Fund seeks to generate additional cash flow and may reduce volatility by the sale of call options on the S&P 500® Index or other regional stock market indices (or related exchange-traded funds (“ETFs”)).

The Fund expects that, under normal circumstances, it will sell call options in an amount that is between 0% and 30% of the value of the Fund’s portfolio. As the seller of the call options, the Fund will receive cash (the “premium”) from the purchaser. If the purchaser exercises the option, the Fund pays the purchaser the difference between the price of the index and the exercise price of the option. The premium, the exercise price and the market price of the index determine the gain or loss realized by the Fund as the seller of the call option.

During periods in which the U.S. equity markets are generally unchanged or falling, or in a modestly rising market where the income from premiums exceeds the aggregate appreciation of the underlying index over its exercise price, a diversified portfolio receiving premiums from its call option writing strategy may outperform the same portfolio without such an options strategy. However, in rising markets where the aggregate appreciation of the underlying index over its exercise price exceeds the income from premiums, a portfolio with a call writing strategy could significantly underperform the same portfolio without the options.

The Fund’s benchmark index is the Russell 1000® Value Index.
<b>Principal Risks of the Fund </b>
Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Foreign and Emerging Countries Risk.  Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information and less economic, political and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs) and other government restrictions by the United States and other governments, or from problems in share registration, settlement or custody, may also result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. These risks may be more pronounced in connection with the Fund’s investments in securities of issuers located in emerging countries.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Master Limited Partnership Risk.  Investments in securities of an MLP involve risks that differ from investments in common stock, including risks related to limited control and limited rights to vote on matters affecting the MLP. Certain MLP securities may trade in lower volumes due to their smaller capitalizations, and may be subject to more abrupt or erratic price movements and lower market liquidity. MLPs are generally considered interest-rate sensitive investments. During periods of interest rate volatility, these investments may not provide attractive returns.

Investments in securities of an MLP also include tax-related risks. For example, to the extent a distribution received by the Fund from an MLP is treated as a return of capital, the Fund’s adjusted tax basis in the interests of the MLP may be reduced, which will result in an increase in an amount of income or gain (or decrease in the amount of loss) that will be recognized by the Fund for tax purposes upon the sale of any such interests or upon subsequent distributions in respect of such interests.

Option Writing Risk.  Writing (selling) call options limits the opportunity to profit from an increase in the market value of stocks in exchange for up-front cash (the premium) at the time of selling the call option. In a rising market, the Fund could significantly underperform the market. Furthermore, the Fund’s call option writing strategies may not fully protect it against market declines because the Fund will continue to bear the risk of a decline in the value of its portfolio securities. In a sharply-falling equity market, the Fund will likely also experience sharp declines in its net asset value (“NAV”).

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
<b>Performance </b>
The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. Prior to June 20, 2017, the Fund had been known as the Goldman Sachs Growth and Income Fund, and certain of its principal investment strategies differed. Performance information set forth below prior to June 20, 2017 reflects the performance resulting from the Fund’s former strategies. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
<b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart
The total return for Class A Shares for the nine-month period ended September 30, 2018 was 4.00%.

Best Quarter
Q3 ‘09          +15.28%

Worst Quarter
Q4 ‘08          –20.47%
AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017</b>
Average Annual Total Returns - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Equity Income Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A Shares 4.30% 11.03% 4.71% 7.06% Feb. 05, 1993
Class A Shares | Returns After Taxes on Distributions 3.87% 10.61% 4.38% 6.20% Feb. 05, 1993
Class A Shares | Returns After Taxes on Distributions and Sale of Fund Shares 2.77% 8.73% 3.70% 5.68% Feb. 05, 1993
Class A Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 9.80% Feb. 05, 1993
Class C Shares 8.53% 11.45% 4.51% 3.52% [1] Aug. 15, 1997
Class C Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 7.71% Aug. 15, 1997
Institutional Shares 10.81% 12.74% 5.71% 6.39% Jun. 03, 1996
Institutional Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 8.96% Jun. 03, 1996
Service Shares 10.28% 12.19% 5.19% 5.93% Mar. 06, 1996
Service Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 8.92% Mar. 06, 1996
Investor Shares 10.65% 12.58% 5.56% 5.47% Nov. 30, 2007
Investor Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 6.93% Nov. 30, 2007
Class R Shares 10.11% 12.02% 5.04% 4.95% Nov. 30, 2007
Class R Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 6.93% Nov. 30, 2007
Class R6 Shares [2] 10.82% 12.74% 5.71% 6.39% Jul. 31, 2015
Class R6 Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) [2] 13.66% 14.03% 7.10% 8.96% Jul. 31, 2015
[1] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[2] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares' inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
XML 13 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Dec. 28, 2018
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <b>Goldman Sachs Equity Income Fund—Summary </b>
Objective [Heading] rr_ObjectiveHeading <b>Investment Objective </b>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Goldman Sachs Equity Income Fund (the “Fund”) seeks long-term capital appreciation and growth of income.
Expense [Heading] rr_ExpenseHeading <b>Fees and Expenses of the Fund </b>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <b>Shareholder Fees<br/> (fees paid directly from your investment)</b>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses<br/> (expenses that you pay each year as a percentage of the value of your investment)</b>
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 28, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <b>Portfolio Turnover </b>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 69% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 69.00%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example </b>
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.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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
Strategy [Heading] rr_StrategyHeading <b>Principal Strategy </b>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in equity investments. The Fund will generally invest in equity securities that the Investment Adviser believes have favorable prospects for capital appreciation and/or dividend-paying ability. Although the Fund will invest primarily in publicly traded U.S. securities, including preferred and convertible securities, master limited partnerships (“MLPs”) and real estate investment trusts (“REITs”), it may invest up to 25% of its Net Assets in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies. The Investment Adviser expects that the Fund’s investments will be weighted in favor of companies that pay dividends or other current distributions.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may also invest up to 20% of its Net Assets in fixed income securities, such as government, corporate and bank debt obligations.

The Fund seeks to generate additional cash flow and may reduce volatility by the sale of call options on the S&P 500® Index or other regional stock market indices (or related exchange-traded funds (“ETFs”)).

The Fund expects that, under normal circumstances, it will sell call options in an amount that is between 0% and 30% of the value of the Fund’s portfolio. As the seller of the call options, the Fund will receive cash (the “premium”) from the purchaser. If the purchaser exercises the option, the Fund pays the purchaser the difference between the price of the index and the exercise price of the option. The premium, the exercise price and the market price of the index determine the gain or loss realized by the Fund as the seller of the call option.

During periods in which the U.S. equity markets are generally unchanged or falling, or in a modestly rising market where the income from premiums exceeds the aggregate appreciation of the underlying index over its exercise price, a diversified portfolio receiving premiums from its call option writing strategy may outperform the same portfolio without such an options strategy. However, in rising markets where the aggregate appreciation of the underlying index over its exercise price exceeds the income from premiums, a portfolio with a call writing strategy could significantly underperform the same portfolio without the options.

The Fund’s benchmark index is the Russell 1000® Value Index.
Risk [Heading] rr_RiskHeading <b>Principal Risks of the Fund </b>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Foreign and Emerging Countries Risk.  Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information and less economic, political and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs) and other government restrictions by the United States and other governments, or from problems in share registration, settlement or custody, may also result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. These risks may be more pronounced in connection with the Fund’s investments in securities of issuers located in emerging countries.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Master Limited Partnership Risk.  Investments in securities of an MLP involve risks that differ from investments in common stock, including risks related to limited control and limited rights to vote on matters affecting the MLP. Certain MLP securities may trade in lower volumes due to their smaller capitalizations, and may be subject to more abrupt or erratic price movements and lower market liquidity. MLPs are generally considered interest-rate sensitive investments. During periods of interest rate volatility, these investments may not provide attractive returns.

Investments in securities of an MLP also include tax-related risks. For example, to the extent a distribution received by the Fund from an MLP is treated as a return of capital, the Fund’s adjusted tax basis in the interests of the MLP may be reduced, which will result in an increase in an amount of income or gain (or decrease in the amount of loss) that will be recognized by the Fund for tax purposes upon the sale of any such interests or upon subsequent distributions in respect of such interests.

Option Writing Risk.  Writing (selling) call options limits the opportunity to profit from an increase in the market value of stocks in exchange for up-front cash (the premium) at the time of selling the call option. In a rising market, the Fund could significantly underperform the market. Furthermore, the Fund’s call option writing strategies may not fully protect it against market declines because the Fund will continue to bear the risk of a decline in the value of its portfolio securities. In a sharply-falling equity market, the Fund will likely also experience sharp declines in its net asset value (“NAV”).

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
Risk Lose Money [Text] rr_RiskLoseMoney Loss of money is a risk of investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <b>Performance </b>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. Prior to June 20, 2017, the Fund had been known as the Goldman Sachs Growth and Income Fund, and certain of its principal investment strategies differed. Performance information set forth below prior to June 20, 2017 reflects the performance resulting from the Fund’s former strategies. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.gsamfunds.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The total return for Class A Shares for the nine-month period ended September 30, 2018 was 4.00%.

Best Quarter
Q3 ‘09          +15.28%

Worst Quarter
Q4 ‘08          –20.47%
Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017</b>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.33%
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.27%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.08% [3]
1 Year rr_ExpenseExampleYear01 $ 654
3 Years rr_ExpenseExampleYear03 913
5 Years rr_ExpenseExampleYear05 1,191
10 Years rr_ExpenseExampleYear10 $ 1,984
2008 rr_AnnualReturn2008 (35.43%)
2009 rr_AnnualReturn2009 18.26%
2010 rr_AnnualReturn2010 11.48%
2011 rr_AnnualReturn2011 (7.69%)
2012 rr_AnnualReturn2012 19.53%
2013 rr_AnnualReturn2013 32.47%
2014 rr_AnnualReturn2014 11.30%
2015 rr_AnnualReturn2015 (3.08%)
2016 rr_AnnualReturn2016 13.21%
2017 rr_AnnualReturn2017 10.37%
Year to Date Return, Label rr_YearToDateReturnLabel total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 4.00%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.28%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.47%)
1 Year rr_AverageAnnualReturnYear01 4.30%
5 Years rr_AverageAnnualReturnYear05 11.03%
10 Years rr_AverageAnnualReturnYear10 4.71%
Since Inception rr_AverageAnnualReturnSinceInception 7.06%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 05, 1993
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.33%
Other Expenses rr_OtherExpensesOverAssets 0.58%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.02%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.83% [3]
1 Year rr_ExpenseExampleYear01 $ 286
3 Years rr_ExpenseExampleYear03 615
5 Years rr_ExpenseExampleYear05 1,071
10 Years rr_ExpenseExampleYear10 2,333
1 Year rr_ExpenseExampleNoRedemptionYear01 186
3 Years rr_ExpenseExampleNoRedemptionYear03 615
5 Years rr_ExpenseExampleNoRedemptionYear05 1,071
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,333
1 Year rr_AverageAnnualReturnYear01 8.53%
5 Years rr_AverageAnnualReturnYear05 11.45%
10 Years rr_AverageAnnualReturnYear10 4.51%
Since Inception rr_AverageAnnualReturnSinceInception 3.52% [4]
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or 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%
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.88%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.15%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.73% [3]
1 Year rr_ExpenseExampleYear01 $ 75
3 Years rr_ExpenseExampleYear03 266
5 Years rr_ExpenseExampleYear05 473
10 Years rr_ExpenseExampleYear10 $ 1,071
1 Year rr_AverageAnnualReturnYear01 10.81%
5 Years rr_AverageAnnualReturnYear05 12.74%
10 Years rr_AverageAnnualReturnYear10 5.71%
Since Inception rr_AverageAnnualReturnSinceInception 6.39%
Inception Date rr_AverageAnnualReturnInceptionDate Jun. 03, 1996
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Service  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets 0.25%
All Other Expenses rr_Component3OtherExpensesOverAssets 0.19%
Other Expenses rr_OtherExpensesOverAssets 0.44%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.38%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.15%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.23% [3]
1 Year rr_ExpenseExampleYear01 $ 125
3 Years rr_ExpenseExampleYear03 422
5 Years rr_ExpenseExampleYear05 741
10 Years rr_ExpenseExampleYear10 $ 1,644
1 Year rr_AverageAnnualReturnYear01 10.28%
5 Years rr_AverageAnnualReturnYear05 12.19%
10 Years rr_AverageAnnualReturnYear10 5.19%
Since Inception rr_AverageAnnualReturnSinceInception 5.93%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 1996
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Investor  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.33%
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.02%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.83% [3]
1 Year rr_ExpenseExampleYear01 $ 85
3 Years rr_ExpenseExampleYear03 306
5 Years rr_ExpenseExampleYear05 545
10 Years rr_ExpenseExampleYear10 $ 1,231
1 Year rr_AverageAnnualReturnYear01 10.65%
5 Years rr_AverageAnnualReturnYear05 12.58%
10 Years rr_AverageAnnualReturnYear10 5.56%
Since Inception rr_AverageAnnualReturnSinceInception 5.47%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.33%
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.52%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.33% [3]
1 Year rr_ExpenseExampleYear01 $ 135
3 Years rr_ExpenseExampleYear03 462
5 Years rr_ExpenseExampleYear05 811
10 Years rr_ExpenseExampleYear10 $ 1,796
1 Year rr_AverageAnnualReturnYear01 10.11%
5 Years rr_AverageAnnualReturnYear05 12.02%
10 Years rr_AverageAnnualReturnYear10 5.04%
Since Inception rr_AverageAnnualReturnSinceInception 4.95%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.18%
Other Expenses rr_OtherExpensesOverAssets 0.18%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.87%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.15%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.72% [3]
1 Year rr_ExpenseExampleYear01 $ 74
3 Years rr_ExpenseExampleYear03 263
5 Years rr_ExpenseExampleYear05 468
10 Years rr_ExpenseExampleYear10 $ 1,059
1 Year rr_AverageAnnualReturnYear01 10.82% [5]
5 Years rr_AverageAnnualReturnYear05 12.74% [5]
10 Years rr_AverageAnnualReturnYear10 5.71% [5]
Since Inception rr_AverageAnnualReturnSinceInception 6.39% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [5]
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Returns After Taxes on Distributions | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.87%
5 Years rr_AverageAnnualReturnYear05 10.61%
10 Years rr_AverageAnnualReturnYear10 4.38%
Since Inception rr_AverageAnnualReturnSinceInception 6.20%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 05, 1993
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Returns After Taxes on Distributions and Sale of Fund Shares | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.77%
5 Years rr_AverageAnnualReturnYear05 8.73%
10 Years rr_AverageAnnualReturnYear10 3.70%
Since Inception rr_AverageAnnualReturnSinceInception 5.68%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 05, 1993
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 9.80%
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 05, 1993
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class C  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 7.71%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Institutional  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 8.96%
Inception Date rr_AverageAnnualReturnInceptionDate Jun. 03, 1996
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Service  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 8.92%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 1996
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Investor  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 6.93%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class R  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 6.93%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Equity Income Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class R6  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66% [5]
5 Years rr_AverageAnnualReturnYear05 14.03% [5]
10 Years rr_AverageAnnualReturnYear10 7.10% [5]
Since Inception rr_AverageAnnualReturnSinceInception 8.96% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [5]
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
[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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund's average daily net assets. Additionally, Goldman Sachs & Co. LLC ("Goldman Sachs"), the Fund's transfer agent, has agreed to waive a portion of its transfer agency fee (a component of "Other Expenses") equal to 0.04% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees.
[3] After Expense Limitation
[4] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[5] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares' inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
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Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund
<b>Goldman Sachs Focused Value Fund—Summary </b>
<b>Investment Objective </b>
The Goldman Sachs Focused Value Fund (the “Fund”) seeks long-term capital appreciation.
<b>Fees and Expenses of the Fund </b>
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
<b>Shareholder Fees<br/>(fees paid directly from your investment):</b>
Shareholder Fees - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Focused Value Fund
Class A
Class C
Institutional
Investor
Class R
Class R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) [1] none 1.00% none none none none
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
<b>Annual Fund Operating Expenses<br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Annual Fund Operating Expenses - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Focused Value Fund
Class A
Class C
Institutional
Investor
Class R
Class R6
Management Fees 0.69% 0.69% 0.69% 0.69% 0.69% 0.69%
Distribution and/or Service (12b-1) Fees 0.25% 0.75% none none 0.50% none
Other Expenses [1] 4.86% 5.11% 4.72% 4.86% 4.86% 4.71%
Service Fees none 0.25% none none none none
All Other Expenses 4.86% 4.86% 4.72% 4.86% 4.86% 4.71%
Total Annual Fund Operating Expenses 5.80% 6.55% 5.41% 5.55% 6.05% 5.40%
Expense Limitation [2] (4.72%) (4.72%) (4.68%) (4.72%) (4.72%) (4.68%)
Total Annual Fund Operating Expenses [3] 1.08% 1.83% 0.73% 0.83% 1.33% 0.72%
[1] The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year.
[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, taxes, interest, brokerage fees, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. Additionally, Goldman Sachs & Co. LLC (“Goldman Sachs”), the Fund’s transfer agent, has agreed to waive a portion of its transfer agency fee (a component of “Other Expenses”) equal to 0.04% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees.
[3] After Expense Limitation
<b>Expense Example </b>
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 $10,000 in Class A, Class C, Institutional, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Investor, Class R and/or Class R6 Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Assumingcomplete redemption at end of period
Expense Example - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Focused Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A Shares 654 1,784 2,896 5,599
Class C Shares 286 1,517 2,806 5,860
Institutional Shares 75 1,198 2,313 5,059
Investor Shares 85 1,235 2,372 5,161
Class R Shares 135 1,377 2,592 5,520
Class R6 Shares 74 1,195 2,308 5,051
Assumingno redemption
Expense Example, No Redemption
1 Year
3 Years
5 Years
10 Years
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Class C Shares | USD ($) 186 1,517 2,806 5,860
<b>Portfolio Turnover </b>
The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 204% of the average value of its portfolio.
<b>Principal Strategy </b>
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a portfolio of equity investments, including common stocks, preferred stocks, and other securities and instruments having equity characteristics. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in approximately 20-40 companies that are considered value opportunities, which the Investment Adviser defines as companies with identifiable competitive advantages whose intrinsic value is not reflected in the stock price. The Fund may invest in securities of companies of any capitalization. Although the Fund will invest primarily in publicly traded U.S. securities, it may invest up to 20% of its total assets in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund's equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser's outlook based on subsequent events, the Investment Adviser's ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may invest in fixed income securities, such as government, corporate and bank debt obligations.

The Fund's benchmark index is the Russell 1000® Value Index.

THE FUND IS "NON-DIVERSIFIED" UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT"), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS.
<b>Principal Risks of the Fund </b>
Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Foreign and Emerging Countries Risk.  Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information and less economic, political and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs) and other government restrictions by the United States and other governments, or from problems in share registration, settlement or custody, may also result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. These risks may be more pronounced in connection with the Fund's investments in securities of issuers located in emerging countries.

Investment Style Risk.  Different investment styles (e.g., "growth," "value" or "quantitative") tend to shift in and out of favor depending upon market and economic conditions as well as investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value investing is an example of an investment style. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s net asset value (“NAV”) and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

Non-Diversification Risk.  The Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in fewer issuers than diversified mutual funds. Thus, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio, and may be more susceptible to greater losses because of these developments. Under normal circumstances, the Fund intends to invest in approximately 20-40 companies.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
<b>Performance </b>
The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
<b>TOTAL RETURN CALENDAR YEAR (Institutional)</b>
Bar Chart
[1] Previously, the bar chart above showed the Fund’s annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares.
The total return for Institutional Shares for the nine-month period ended September 30, 2018 was 3.70%.

Best Quarter
Q4 ‘16            +6.96%

Worst Quarter
Q1 ‘16            –2.61%
AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017</b>
Average Annual Total Returns - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Focused Value Fund
1 Year
Since Inception
Inception Date
Class A Shares 6.27% 5.00% Jul. 31, 2015
Class A Shares | Returns After Taxes on Distributions 3.65% 3.78% Jul. 31, 2015
Class A Shares | Returns After Taxes on Distributions and Sale of Fund Shares 4.66% 3.59% Jul. 31, 2015
Class A Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 10.90% Jul. 31, 2015
Class C Shares 10.61% 6.69% Jul. 31, 2015
Class C Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 10.90% Jul. 31, 2015
Institutional Shares 12.92% 7.88% Jul. 31, 2015
Institutional Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 10.90% Jul. 31, 2015
Investor Shares 12.77% 7.73% Jul. 31, 2015
Investor Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 10.90% Jul. 31, 2015
Class R Shares 12.28% 7.21% Jul. 31, 2015
Class R Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 10.90% Jul. 31, 2015
Class R6 Shares 13.02% 7.94% Jul. 31, 2015
Class R6 Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 10.90% Jul. 31, 2015
The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
XML 16 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Dec. 28, 2018
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <b>Goldman Sachs Focused Value Fund—Summary </b>
Objective [Heading] rr_ObjectiveHeading <b>Investment Objective </b>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Goldman Sachs Focused Value Fund (the “Fund”) seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading <b>Fees and Expenses of the Fund </b>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <b>Shareholder Fees<br/>(fees paid directly from your investment):</b>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses<br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 28, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <b>Portfolio Turnover </b>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 204% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 204.00%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example </b>
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, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Investor, Class R and/or Class R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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 Assumingcomplete redemption at end of period
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Assumingno redemption
Strategy [Heading] rr_StrategyHeading <b>Principal Strategy </b>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a portfolio of equity investments, including common stocks, preferred stocks, and other securities and instruments having equity characteristics. The Fund seeks to achieve its investment objective by investing, under normal circumstances, in approximately 20-40 companies that are considered value opportunities, which the Investment Adviser defines as companies with identifiable competitive advantages whose intrinsic value is not reflected in the stock price. The Fund may invest in securities of companies of any capitalization. Although the Fund will invest primarily in publicly traded U.S. securities, it may invest up to 20% of its total assets in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund's equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser's outlook based on subsequent events, the Investment Adviser's ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may invest in fixed income securities, such as government, corporate and bank debt obligations.

The Fund's benchmark index is the Russell 1000® Value Index.

THE FUND IS "NON-DIVERSIFIED" UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT"), AND MAY INVEST A LARGER PERCENTAGE OF ITS ASSETS IN FEWER ISSUERS THAN DIVERSIFIED MUTUAL FUNDS.
Risk [Heading] rr_RiskHeading <b>Principal Risks of the Fund </b>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Foreign and Emerging Countries Risk.  Foreign securities may be subject to risk of loss because of more or less foreign government regulation, less public information and less economic, political and social stability in the countries in which the Fund invests. The imposition of exchange controls, sanctions, confiscations, trade restrictions (including tariffs) and other government restrictions by the United States and other governments, or from problems in share registration, settlement or custody, may also result in losses. Foreign risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. These risks may be more pronounced in connection with the Fund's investments in securities of issuers located in emerging countries.

Investment Style Risk.  Different investment styles (e.g., "growth," "value" or "quantitative") tend to shift in and out of favor depending upon market and economic conditions as well as investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value investing is an example of an investment style. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s net asset value (“NAV”) and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

Non-Diversification Risk.  The Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in fewer issuers than diversified mutual funds. Thus, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio, and may be more susceptible to greater losses because of these developments. Under normal circumstances, the Fund intends to invest in approximately 20-40 companies.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
Risk Lose Money [Text] rr_RiskLoseMoney Loss of money is a risk of investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus <b>Non-Diversification Risk.</b>  The Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in fewer issuers than diversified mutual funds. Thus, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio, and may be more susceptible to greater losses because of these developments. Under normal circumstances, the Fund intends to invest in approximately 20-40 companies.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <b>Performance </b>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.gsamfunds.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <b>TOTAL RETURN CALENDAR YEAR (Institutional)</b>
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The total return for Institutional Shares for the nine-month period ended September 30, 2018 was 3.70%.

Best Quarter
Q4 ‘16            +6.96%

Worst Quarter
Q1 ‘16            –2.61%
Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod Previously, the bar chart above showed the Fund's annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares.
Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017</b>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 4.86%
Other Expenses rr_OtherExpensesOverAssets 4.86% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.80%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (4.72%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.08% [4]
1 Year rr_ExpenseExampleYear01 $ 654
3 Years rr_ExpenseExampleYear03 1,784
5 Years rr_ExpenseExampleYear05 2,896
10 Years rr_ExpenseExampleYear10 $ 5,599
1 Year rr_AverageAnnualReturnYear01 6.27%
Since Inception rr_AverageAnnualReturnSinceInception 5.00%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Service Fees rr_Component1OtherExpensesOverAssets 0.25%
All Other Expenses rr_Component3OtherExpensesOverAssets 4.86%
Other Expenses rr_OtherExpensesOverAssets 5.11% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 6.55%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (4.72%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.83% [4]
1 Year rr_ExpenseExampleYear01 $ 286
3 Years rr_ExpenseExampleYear03 1,517
5 Years rr_ExpenseExampleYear05 2,806
10 Years rr_ExpenseExampleYear10 5,860
1 Year rr_ExpenseExampleNoRedemptionYear01 186
3 Years rr_ExpenseExampleNoRedemptionYear03 1,517
5 Years rr_ExpenseExampleNoRedemptionYear05 2,806
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 5,860
1 Year rr_AverageAnnualReturnYear01 10.61%
Since Inception rr_AverageAnnualReturnSinceInception 6.69%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 4.72%
Other Expenses rr_OtherExpensesOverAssets 4.72% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.41%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (4.68%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.73% [4]
1 Year rr_ExpenseExampleYear01 $ 75
3 Years rr_ExpenseExampleYear03 1,198
5 Years rr_ExpenseExampleYear05 2,313
10 Years rr_ExpenseExampleYear10 $ 5,059
2016 rr_AnnualReturn2016 14.92% [5]
2017 rr_AnnualReturn2017 12.92% [5]
Year to Date Return, Label rr_YearToDateReturnLabel total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 3.70%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 6.96%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Mar. 31, 2016
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (2.61%)
1 Year rr_AverageAnnualReturnYear01 12.92%
Since Inception rr_AverageAnnualReturnSinceInception 7.88%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Investor  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 4.86%
Other Expenses rr_OtherExpensesOverAssets 4.86% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.55%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (4.72%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.83% [4]
1 Year rr_ExpenseExampleYear01 $ 85
3 Years rr_ExpenseExampleYear03 1,235
5 Years rr_ExpenseExampleYear05 2,372
10 Years rr_ExpenseExampleYear10 $ 5,161
1 Year rr_AverageAnnualReturnYear01 12.77%
Since Inception rr_AverageAnnualReturnSinceInception 7.73%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 4.86%
Other Expenses rr_OtherExpensesOverAssets 4.86% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 6.05%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (4.72%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.33% [4]
1 Year rr_ExpenseExampleYear01 $ 135
3 Years rr_ExpenseExampleYear03 1,377
5 Years rr_ExpenseExampleYear05 2,592
10 Years rr_ExpenseExampleYear10 $ 5,520
1 Year rr_AverageAnnualReturnYear01 12.28%
Since Inception rr_AverageAnnualReturnSinceInception 7.21%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.69%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 4.71%
Other Expenses rr_OtherExpensesOverAssets 4.71% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.40%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (4.68%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.72% [4]
1 Year rr_ExpenseExampleYear01 $ 74
3 Years rr_ExpenseExampleYear03 1,195
5 Years rr_ExpenseExampleYear05 2,308
10 Years rr_ExpenseExampleYear10 $ 5,051
1 Year rr_AverageAnnualReturnYear01 13.02%
Since Inception rr_AverageAnnualReturnSinceInception 7.94%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Returns After Taxes on Distributions | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.65%
Since Inception rr_AverageAnnualReturnSinceInception 3.78%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Returns After Taxes on Distributions and Sale of Fund Shares | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.66%
Since Inception rr_AverageAnnualReturnSinceInception 3.59%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
Since Inception rr_AverageAnnualReturnSinceInception 10.90%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class C  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
Since Inception rr_AverageAnnualReturnSinceInception 10.90%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Institutional  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
Since Inception rr_AverageAnnualReturnSinceInception 10.90%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Investor  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
Since Inception rr_AverageAnnualReturnSinceInception 10.90%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class R  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
Since Inception rr_AverageAnnualReturnSinceInception 10.90%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Focused Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class R6  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
Since Inception rr_AverageAnnualReturnSinceInception 10.90%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
[2] The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year.
[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, taxes, interest, brokerage fees, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. Additionally, Goldman Sachs & Co. LLC (“Goldman Sachs”), the Fund’s transfer agent, has agreed to waive a portion of its transfer agency fee (a component of “Other Expenses”) equal to 0.04% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees.
[4] After Expense Limitation
[5] Previously, the bar chart above showed the Fund’s annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares.
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Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund
<b>Goldman Sachs Large Cap Value Fund—Summary </b>
<b>Investment Objective </b>
The Goldman Sachs Large Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
<b>Fees and Expenses of the Fund </b>
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
<b>Shareholder Fees<br/>(fees paid directly from your investment)</b>
Shareholder Fees - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Large Cap Value Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) [1] none 1.00% none none none none none
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
<b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Annual Fund Operating Expenses - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Large Cap Value Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Management Fees 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 0.75% none 0.25% none 0.50% none
Other Expenses 0.24% 0.49% 0.10% 0.35% 0.24% 0.24% 0.09%
Service Fees none 0.25% none none none none none
Shareholder Administration Fees none none none 0.25% none none none
All Other Expenses 0.24% 0.24% 0.10% 0.10% 0.24% 0.24% 0.09%
Total Annual Fund Operating Expenses 1.24% 1.99% 0.85% 1.35% 0.99% 1.49% 0.84%
Fee Waiver and Expense Limitation [1] (0.13%) (0.13%) (0.06%) (0.06%) (0.13%) (0.13%) (0.06%)
Total Annual Fund Operating Expenses [2] 1.11% 1.86% 0.79% 1.29% 0.86% 1.36% 0.78%
[1] 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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. Additionally, Goldman Sachs & Co. (“Goldman Sachs”), the Fund’s transfer agent, has agreed to waive a portion of its transfer agency fee (a component of “Other Expenses”) equal to 0.07% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees.
[2] After Fee Waiver and Expense Limitation
<b>Expense Example </b>
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the fee waiver and expense limitation arrangements for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Assuming complete redemption at end of period
Expense Example - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Large Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A Shares 657 910 1,182 1,957
Class C Shares 289 612 1,061 2,306
Institutional Shares 81 265 465 1,043
Service Shares 131 422 734 1,619
Investor Shares 88 302 534 1,201
Class R Shares 138 458 801 1,768
Class R6 Shares 80 262 460 1,032
Assuming no redemption
Expense Example, No Redemption
1 Year
3 Years
5 Years
10 Years
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Class C Shares | USD ($) 189 612 1,061 2,306
<b>Portfolio Turnover </b>
The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 171% of the average value of its portfolio.
<b>Principal Strategy </b>
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in large-cap U.S. issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 1000® Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell 1000® Value Index was between $604 million and $878.36 billion. Although the Fund will invest primarily in publicly traded U.S. securities, it may invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund seeks its investment objective by investing in value opportunities that the Investment Adviser defines as companies with identifiable competitive advantages whose intrinsic value is not reflected in the stock price. The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may also invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 1000® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell 1000® Value Index.
<b>Principal Risks of the Fund </b>
Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
<b>Performance </b>
The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
<b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart
The total return for Class A Shares for the nine-month period ended September 30, 2018 was 3.90%.

Best Quarter
Q3 ‘09            +15.37%

Worst Quarter
Q4 ‘08            –21.77%
AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017 </b>
Average Annual Total Returns - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Large Cap Value Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A Shares 3.32% 10.28% 4.64% 5.80% Dec. 15, 1999
Class A Shares | Returns After Taxes on Distributions (0.67%) 8.41% 3.67% 4.97% Dec. 15, 1999
Class A Shares | Returns After Taxes on Distributions and Sale of Fund Shares 4.29% 7.85% 3.53% 4.65% Dec. 15, 1999
Class A Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 7.04% Dec. 15, 1999
Class C Shares 7.50% 10.72% 4.45% 5.34% [1] Dec. 15, 1999
Class C Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 7.04% Dec. 15, 1999
Institutional Shares 9.73% 11.98% 5.64% 6.54% Dec. 15, 1999
Institutional Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 7.04% Dec. 15, 1999
Service Shares 9.19% 11.41% 5.11% 6.05% Dec. 15, 1999
Service Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 7.04% Dec. 15, 1999
Investor Shares 9.63% 11.82% 5.49% 5.47% Nov. 30, 2007
Investor Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 6.93% Nov. 30, 2007
Class R Shares 9.09% 11.27% 4.98% 4.96% Nov. 30, 2007
Class R Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) 13.66% 14.03% 7.10% 6.93% Nov. 30, 2007
Class R6 Shares [2] 9.95% 12.04% 5.67% 6.56% Jul. 31, 2015
Class R6 Shares | Russell 1000® Value Index (reflects no deduction for fees or expenses) [2] 13.66% 14.03% 7.10% 7.04% Jul. 31, 2015
[1] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[2] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
XML 19 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Dec. 28, 2018
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <b>Goldman Sachs Large Cap Value Fund—Summary </b>
Objective [Heading] rr_ObjectiveHeading <b>Investment Objective </b>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Goldman Sachs Large Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading <b>Fees and Expenses of the Fund </b>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <b>Shareholder Fees<br/>(fees paid directly from your investment)</b>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 28, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <b>Portfolio Turnover </b>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 171% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 171.00%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in "Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares" beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and "Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends" beginning on page B-108 of the Fund's Statement of Additional Information ("SAI").
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example </b>
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.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 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). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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
Strategy [Heading] rr_StrategyHeading <b>Principal Strategy </b>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in large-cap U.S. issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 1000® Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell 1000® Value Index was between $604 million and $878.36 billion. Although the Fund will invest primarily in publicly traded U.S. securities, it may invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund seeks its investment objective by investing in value opportunities that the Investment Adviser defines as companies with identifiable competitive advantages whose intrinsic value is not reflected in the stock price. The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may also invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 1000® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell 1000® Value Index.
Risk [Heading] rr_RiskHeading <b>Principal Risks of the Fund </b>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
Risk Lose Money [Text] rr_RiskLoseMoney Loss of money is a risk of investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <b>Performance </b>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.gsamfunds.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The total return for Class A Shares for the nine-month period ended September 30, 2018 was 3.90%.

Best Quarter
Q3 ‘09            +15.37%

Worst Quarter
Q4 ‘08            –21.77%
Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017 </b>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.24%
Other Expenses rr_OtherExpensesOverAssets 0.24%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.24%
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.13%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.11% [3]
1 Year rr_ExpenseExampleYear01 $ 657
3 Years rr_ExpenseExampleYear03 910
5 Years rr_ExpenseExampleYear05 1,182
10 Years rr_ExpenseExampleYear10 $ 1,957
2008 rr_AnnualReturn2008 (37.21%)
2009 rr_AnnualReturn2009 24.76%
2010 rr_AnnualReturn2010 12.13%
2011 rr_AnnualReturn2011 (7.81%)
2012 rr_AnnualReturn2012 19.15%
2013 rr_AnnualReturn2013 32.59%
2014 rr_AnnualReturn2014 12.26%
2015 rr_AnnualReturn2015 (4.66%)
2016 rr_AnnualReturn2016 11.29%
2017 rr_AnnualReturn2017 9.32%
Year to Date Return, Label rr_YearToDateReturnLabel total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 3.90%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.37%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.77%)
1 Year rr_AverageAnnualReturnYear01 3.32%
5 Years rr_AverageAnnualReturnYear05 10.28%
10 Years rr_AverageAnnualReturnYear10 4.64%
Since Inception rr_AverageAnnualReturnSinceInception 5.80%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.24%
Other Expenses rr_OtherExpensesOverAssets 0.49%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.99%
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.13%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.86% [3]
1 Year rr_ExpenseExampleYear01 $ 289
3 Years rr_ExpenseExampleYear03 612
5 Years rr_ExpenseExampleYear05 1,061
10 Years rr_ExpenseExampleYear10 2,306
1 Year rr_ExpenseExampleNoRedemptionYear01 189
3 Years rr_ExpenseExampleNoRedemptionYear03 612
5 Years rr_ExpenseExampleNoRedemptionYear05 1,061
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,306
1 Year rr_AverageAnnualReturnYear01 7.50%
5 Years rr_AverageAnnualReturnYear05 10.72%
10 Years rr_AverageAnnualReturnYear10 4.45%
Since Inception rr_AverageAnnualReturnSinceInception 5.34% [4]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or 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%
Other Expenses rr_OtherExpensesOverAssets 0.10%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.85%
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.79% [3]
1 Year rr_ExpenseExampleYear01 $ 81
3 Years rr_ExpenseExampleYear03 265
5 Years rr_ExpenseExampleYear05 465
10 Years rr_ExpenseExampleYear10 $ 1,043
1 Year rr_AverageAnnualReturnYear01 9.73%
5 Years rr_AverageAnnualReturnYear05 11.98%
10 Years rr_AverageAnnualReturnYear10 5.64%
Since Inception rr_AverageAnnualReturnSinceInception 6.54%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Service  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets 0.25%
All Other Expenses rr_Component3OtherExpensesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.35%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.35%
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.29% [3]
1 Year rr_ExpenseExampleYear01 $ 131
3 Years rr_ExpenseExampleYear03 422
5 Years rr_ExpenseExampleYear05 734
10 Years rr_ExpenseExampleYear10 $ 1,619
1 Year rr_AverageAnnualReturnYear01 9.19%
5 Years rr_AverageAnnualReturnYear05 11.41%
10 Years rr_AverageAnnualReturnYear10 5.11%
Since Inception rr_AverageAnnualReturnSinceInception 6.05%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Investor  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.24%
Other Expenses rr_OtherExpensesOverAssets 0.24%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99%
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.13%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.86% [3]
1 Year rr_ExpenseExampleYear01 $ 88
3 Years rr_ExpenseExampleYear03 302
5 Years rr_ExpenseExampleYear05 534
10 Years rr_ExpenseExampleYear10 $ 1,201
1 Year rr_AverageAnnualReturnYear01 9.63%
5 Years rr_AverageAnnualReturnYear05 11.82%
10 Years rr_AverageAnnualReturnYear10 5.49%
Since Inception rr_AverageAnnualReturnSinceInception 5.47%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.24%
Other Expenses rr_OtherExpensesOverAssets 0.24%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.49%
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.13%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.36% [3]
1 Year rr_ExpenseExampleYear01 $ 138
3 Years rr_ExpenseExampleYear03 458
5 Years rr_ExpenseExampleYear05 801
10 Years rr_ExpenseExampleYear10 $ 1,768
1 Year rr_AverageAnnualReturnYear01 9.09%
5 Years rr_AverageAnnualReturnYear05 11.27%
10 Years rr_AverageAnnualReturnYear10 4.98%
Since Inception rr_AverageAnnualReturnSinceInception 4.96%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.09%
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84%
Fee Waiver and Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.78% [3]
1 Year rr_ExpenseExampleYear01 $ 80
3 Years rr_ExpenseExampleYear03 262
5 Years rr_ExpenseExampleYear05 460
10 Years rr_ExpenseExampleYear10 $ 1,032
1 Year rr_AverageAnnualReturnYear01 9.95% [5]
5 Years rr_AverageAnnualReturnYear05 12.04% [5]
10 Years rr_AverageAnnualReturnYear10 5.67% [5]
Since Inception rr_AverageAnnualReturnSinceInception 6.56% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [5]
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Returns After Taxes on Distributions | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (0.67%)
5 Years rr_AverageAnnualReturnYear05 8.41%
10 Years rr_AverageAnnualReturnYear10 3.67%
Since Inception rr_AverageAnnualReturnSinceInception 4.97%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Returns After Taxes on Distributions and Sale of Fund Shares | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.29%
5 Years rr_AverageAnnualReturnYear05 7.85%
10 Years rr_AverageAnnualReturnYear10 3.53%
Since Inception rr_AverageAnnualReturnSinceInception 4.65%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 7.04%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class C  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 7.04%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Institutional  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 7.04%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Service  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 7.04%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 15, 1999
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Investor  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 6.93%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class R  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66%
5 Years rr_AverageAnnualReturnYear05 14.03%
10 Years rr_AverageAnnualReturnYear10 7.10%
Since Inception rr_AverageAnnualReturnSinceInception 6.93%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Large Cap Value Fund | Russell 1000® Value Index (reflects no deduction for fees or expenses) | Class R6  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.66% [5]
5 Years rr_AverageAnnualReturnYear05 14.03% [5]
10 Years rr_AverageAnnualReturnYear10 7.10% [5]
Since Inception rr_AverageAnnualReturnSinceInception 7.04% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [5]
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
[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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. Additionally, Goldman Sachs & Co. (“Goldman Sachs”), the Fund’s transfer agent, has agreed to waive a portion of its transfer agency fee (a component of “Other Expenses”) equal to 0.07% as an annual percentage rate of the average daily net assets attributable to Class A, Class C, Investor and Class R Shares of the Fund. These arrangements will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser and Goldman Sachs may not terminate the arrangements without the approval of the Board of Trustees.
[3] After Fee Waiver and Expense Limitation
[4] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[5] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
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Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund
<b>Goldman Sachs Mid Cap Value Fund—Summary </b>
<b>Investment Objective </b>
The Goldman Sachs Mid Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
<b>Fees and Expenses of the Fund </b>
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
<b>Shareholder Fees<br/> (fees paid directly from your investment)</b>
Shareholder Fees - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Mid Cap Value Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) [1] none 1.00% none none none none none
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
<b>Annual Fund Operating Expenses<br/> (expenses that you pay each year as a percentage of the value of your investment)</b>
Annual Fund Operating Expenses - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Mid Cap Value Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Management Fees 0.74% 0.74% 0.74% 0.74% 0.74% 0.74% 0.74%
Distribution and/or Service (12b-1) Fees 0.25% 0.75% none 0.25% none 0.50% none
Other Expenses 0.23% 0.48% 0.09% 0.34% 0.23% 0.23% 0.08%
Service Fees none 0.25% none none none none none
Shareholder Administration Fees none none none 0.25% none none none
All Other Expenses 0.23% 0.23% 0.09% 0.09% 0.23% 0.23% 0.08%
Total Annual Fund Operating Expenses 1.22% 1.97% 0.83% 1.33% 0.97% 1.47% 0.82%
<b>Expense Example </b>
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Assuming complete redemption at end of period
Expense Example - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Mid Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A Shares 667 916 1,183 1,946
Class C Shares 300 618 1,062 2,296
Institutional Shares 85 265 460 1,025
Service Shares 135 421 729 1,601
Investor Shares 99 309 536 1,190
Class R Shares 150 465 803 1,757
Class R6 Shares 84 262 455 1,014
Assuming no redemption
Expense Example, No Redemption
1 Year
3 Years
5 Years
10 Years
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Class C Shares | USD ($) 200 618 1,062 2,296
<b>Portfolio Turnover </b>
The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 137% of the average value of its portfolio.
<b>Principal Strategy </b>
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in mid-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap® Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell Midcap® Value Index was between $604 million and $37.1 billion. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (“REITs”), it may invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may also invest in companies with public stock market capitalizations outside the range of companies constituting the Russell Midcap® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell Midcap® Value Index.
<b>Principal Risks of the Fund </b>
Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
<b>Performance </b>
The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
<b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart
The total return for Class A Shares for the nine-month period ended September 30, 2018 was 3.84%.

Best Quarter
Q3 ‘09            +19.51%

Worst Quarter
Q4 ‘08            –23.79%
AVERAGE ANNUAL TOTAL RETURN<br/><br/> <b>For the period ended December 31, 2017</b>
Average Annual Total Returns - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Mid Cap Value Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A Shares 4.58% 9.88% 6.31% 8.48% Aug. 15, 1997
Class A Shares | Returns After Taxes on Distributions 1.20% 6.50% 4.59% 6.82% Aug. 15, 1997
Class A Shares | Returns After Taxes on Distributions and Sale of Fund Shares 5.32% 7.19% 4.75% 6.67% Aug. 15, 1997
Class A Shares | Russell Midcap® Value Index (reflects no deduction for fees or expenses) 13.34% 14.67% 9.09% 9.98% Aug. 15, 1997
Class C Shares 8.76% 10.31% 6.11% 7.99% [1] Aug. 15, 1997
Class C Shares | Russell Midcap® Value Index (reflects no deduction for fees or expenses) 13.34% 14.67% 9.09% 9.98% Aug. 15, 1997
Institutional Shares 11.14% 11.58% 7.34% 10.93% Aug. 01, 1995
Institutional Shares | Russell Midcap® Value Index (reflects no deduction for fees or expenses) 13.34% 14.67% 9.09% 11.33% Aug. 01, 1995
Service Shares 10.57% 11.02% 6.80% 8.80% Jul. 18, 1997
Service Shares | Russell Midcap® Value Index (reflects no deduction for fees or expenses) 13.34% 14.67% 9.09% 10.04% Jul. 18, 1997
Investor Shares 10.96% 11.42% 7.17% 7.23% Nov. 30, 2007
Investor Shares | Russell Midcap® Value Index (reflects no deduction for fees or expenses) 13.34% 14.67% 9.09% 8.89% Nov. 30, 2007
Class R Shares 10.41% 10.86% 12.61% Jan. 06, 2009
Class R Shares | Russell Midcap® Value Index (reflects no deduction for fees or expenses) 13.34% 14.67% 15.70% Jan. 06, 2009
Class R6 Shares [2] 11.11% 11.59% 7.34% 10.93% Jul. 31, 2015
Class R6 Shares | Russell Midcap® Value Index (reflects no deduction for fees or expenses) [2] 13.34% 14.67% 9.09% 11.33% Jul. 31, 2015
[1] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[2] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
XML 22 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Dec. 28, 2018
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <b>Goldman Sachs Mid Cap Value Fund—Summary </b>
Objective [Heading] rr_ObjectiveHeading <b>Investment Objective </b>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Goldman Sachs Mid Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading <b>Fees and Expenses of the Fund </b>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <b>Shareholder Fees<br/> (fees paid directly from your investment)</b>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses<br/> (expenses that you pay each year as a percentage of the value of your investment)</b>
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <b>Portfolio Turnover </b>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 137% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 137.00%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example </b>
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.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 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. The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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
Strategy [Heading] rr_StrategyHeading <b>Principal Strategy </b>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in mid-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell Midcap® Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell Midcap® Value Index was between $604 million and $37.1 billion. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (“REITs”), it may invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may also invest in companies with public stock market capitalizations outside the range of companies constituting the Russell Midcap® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell Midcap® Value Index.
Risk [Heading] rr_RiskHeading <b>Principal Risks of the Fund </b>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
Risk Lose Money [Text] rr_RiskLoseMoney Loss of money is a risk of investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <b>Performance </b>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.gsamfunds.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The total return for Class A Shares for the nine-month period ended September 30, 2018 was 3.84%.

Best Quarter
Q3 ‘09            +19.51%

Worst Quarter
Q4 ‘08            –23.79%
Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURN<br/><br/> <b>For the period ended December 31, 2017</b>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.23%
Other Expenses rr_OtherExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.22%
1 Year rr_ExpenseExampleYear01 $ 667
3 Years rr_ExpenseExampleYear03 916
5 Years rr_ExpenseExampleYear05 1,183
10 Years rr_ExpenseExampleYear10 $ 1,946
2008 rr_AnnualReturn2008 (36.65%)
2009 rr_AnnualReturn2009 32.70%
2010 rr_AnnualReturn2010 24.36%
2011 rr_AnnualReturn2011 (6.61%)
2012 rr_AnnualReturn2012 17.98%
2013 rr_AnnualReturn2013 32.43%
2014 rr_AnnualReturn2014 13.25%
2015 rr_AnnualReturn2015 (9.46%)
2016 rr_AnnualReturn2016 12.81%
2017 rr_AnnualReturn2017 10.66%
Year to Date Return, Label rr_YearToDateReturnLabel total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 3.84%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 19.51%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.79%)
1 Year rr_AverageAnnualReturnYear01 4.58%
5 Years rr_AverageAnnualReturnYear05 9.88%
10 Years rr_AverageAnnualReturnYear10 6.31%
Since Inception rr_AverageAnnualReturnSinceInception 8.48%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.23%
Other Expenses rr_OtherExpensesOverAssets 0.48%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.97%
1 Year rr_ExpenseExampleYear01 $ 300
3 Years rr_ExpenseExampleYear03 618
5 Years rr_ExpenseExampleYear05 1,062
10 Years rr_ExpenseExampleYear10 2,296
1 Year rr_ExpenseExampleNoRedemptionYear01 200
3 Years rr_ExpenseExampleNoRedemptionYear03 618
5 Years rr_ExpenseExampleNoRedemptionYear05 1,062
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,296
1 Year rr_AverageAnnualReturnYear01 8.76%
5 Years rr_AverageAnnualReturnYear05 10.31%
10 Years rr_AverageAnnualReturnYear10 6.11%
Since Inception rr_AverageAnnualReturnSinceInception 7.99% [2]
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.09%
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.83%
1 Year rr_ExpenseExampleYear01 $ 85
3 Years rr_ExpenseExampleYear03 265
5 Years rr_ExpenseExampleYear05 460
10 Years rr_ExpenseExampleYear10 $ 1,025
1 Year rr_AverageAnnualReturnYear01 11.14%
5 Years rr_AverageAnnualReturnYear05 11.58%
10 Years rr_AverageAnnualReturnYear10 7.34%
Since Inception rr_AverageAnnualReturnSinceInception 10.93%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 01, 1995
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Service  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets 0.25%
All Other Expenses rr_Component3OtherExpensesOverAssets 0.09%
Other Expenses rr_OtherExpensesOverAssets 0.34%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.33%
1 Year rr_ExpenseExampleYear01 $ 135
3 Years rr_ExpenseExampleYear03 421
5 Years rr_ExpenseExampleYear05 729
10 Years rr_ExpenseExampleYear10 $ 1,601
1 Year rr_AverageAnnualReturnYear01 10.57%
5 Years rr_AverageAnnualReturnYear05 11.02%
10 Years rr_AverageAnnualReturnYear10 6.80%
Since Inception rr_AverageAnnualReturnSinceInception 8.80%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 18, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Investor  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.23%
Other Expenses rr_OtherExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.97%
1 Year rr_ExpenseExampleYear01 $ 99
3 Years rr_ExpenseExampleYear03 309
5 Years rr_ExpenseExampleYear05 536
10 Years rr_ExpenseExampleYear10 $ 1,190
1 Year rr_AverageAnnualReturnYear01 10.96%
5 Years rr_AverageAnnualReturnYear05 11.42%
10 Years rr_AverageAnnualReturnYear10 7.17%
Since Inception rr_AverageAnnualReturnSinceInception 7.23%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.23%
Other Expenses rr_OtherExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.47%
1 Year rr_ExpenseExampleYear01 $ 150
3 Years rr_ExpenseExampleYear03 465
5 Years rr_ExpenseExampleYear05 803
10 Years rr_ExpenseExampleYear10 $ 1,757
1 Year rr_AverageAnnualReturnYear01 10.41%
5 Years rr_AverageAnnualReturnYear05 10.86%
10 Years rr_AverageAnnualReturnYear10
Since Inception rr_AverageAnnualReturnSinceInception 12.61%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 06, 2009
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.74%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.08%
Other Expenses rr_OtherExpensesOverAssets 0.08%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.82%
1 Year rr_ExpenseExampleYear01 $ 84
3 Years rr_ExpenseExampleYear03 262
5 Years rr_ExpenseExampleYear05 455
10 Years rr_ExpenseExampleYear10 $ 1,014
1 Year rr_AverageAnnualReturnYear01 11.11% [3]
5 Years rr_AverageAnnualReturnYear05 11.59% [3]
10 Years rr_AverageAnnualReturnYear10 7.34% [3]
Since Inception rr_AverageAnnualReturnSinceInception 10.93% [3]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [3]
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Returns After Taxes on Distributions | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 1.20%
5 Years rr_AverageAnnualReturnYear05 6.50%
10 Years rr_AverageAnnualReturnYear10 4.59%
Since Inception rr_AverageAnnualReturnSinceInception 6.82%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Returns After Taxes on Distributions and Sale of Fund Shares | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.32%
5 Years rr_AverageAnnualReturnYear05 7.19%
10 Years rr_AverageAnnualReturnYear10 4.75%
Since Inception rr_AverageAnnualReturnSinceInception 6.67%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Russell Midcap® Value Index (reflects no deduction for fees or expenses) | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.34%
5 Years rr_AverageAnnualReturnYear05 14.67%
10 Years rr_AverageAnnualReturnYear10 9.09%
Since Inception rr_AverageAnnualReturnSinceInception 9.98%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Russell Midcap® Value Index (reflects no deduction for fees or expenses) | Class C  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.34%
5 Years rr_AverageAnnualReturnYear05 14.67%
10 Years rr_AverageAnnualReturnYear10 9.09%
Since Inception rr_AverageAnnualReturnSinceInception 9.98%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Russell Midcap® Value Index (reflects no deduction for fees or expenses) | Institutional  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.34%
5 Years rr_AverageAnnualReturnYear05 14.67%
10 Years rr_AverageAnnualReturnYear10 9.09%
Since Inception rr_AverageAnnualReturnSinceInception 11.33%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 01, 1995
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Russell Midcap® Value Index (reflects no deduction for fees or expenses) | Service  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.34%
5 Years rr_AverageAnnualReturnYear05 14.67%
10 Years rr_AverageAnnualReturnYear10 9.09%
Since Inception rr_AverageAnnualReturnSinceInception 10.04%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 18, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Russell Midcap® Value Index (reflects no deduction for fees or expenses) | Investor  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.34%
5 Years rr_AverageAnnualReturnYear05 14.67%
10 Years rr_AverageAnnualReturnYear10 9.09%
Since Inception rr_AverageAnnualReturnSinceInception 8.89%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Russell Midcap® Value Index (reflects no deduction for fees or expenses) | Class R  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.34%
5 Years rr_AverageAnnualReturnYear05 14.67%
10 Years rr_AverageAnnualReturnYear10
Since Inception rr_AverageAnnualReturnSinceInception 15.70%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 06, 2009
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Mid Cap Value Fund | Russell Midcap® Value Index (reflects no deduction for fees or expenses) | Class R6  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.34% [3]
5 Years rr_AverageAnnualReturnYear05 14.67% [3]
10 Years rr_AverageAnnualReturnYear10 9.09% [3]
Since Inception rr_AverageAnnualReturnSinceInception 11.33% [3]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [3]
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
[2] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[3] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
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Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund
<b>Goldman Sachs Small Cap Value Fund—Summary </b>
<b>Investment Objective </b>
The Goldman Sachs Small Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
<b>Fees and Expenses of the Fund </b>
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
<b>Shareholder Fees <br/>(fees paid directly from your investment)</b>
Shareholder Fees - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Small Cap Value Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) [1] none 1.00% none none none none none
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
<b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Annual Fund Operating Expenses - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Small Cap Value Fund
Class A
Class C
Institutional
Service
Investor
Class R
Class R6
Management Fees 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90%
Distribution and/or Service (12b-1) Fees 0.25% 0.75% none 0.25% none 0.50% none
Other Expenses 0.21% 0.46% 0.07% 0.32% 0.21% 0.21% 0.06%
Service Fees none 0.25% none none none none none
Shareholder Administration Fees none none none 0.25% none none none
All Other Expenses 0.21% 0.21% 0.07% 0.07% 0.21% 0.21% 0.06%
Total Annual Fund Operating Expenses 1.36% 2.11% 0.97% 1.47% 1.11% 1.61% 0.96%
Expense Limitation [1] (0.03%) (0.03%) (0.03%) (0.03%) (0.03%) (0.03%) (0.03%)
Total Annual Fund Operating Expenses [2] 1.33% 2.08% 0.94% 1.44% 1.08% 1.58% 0.93%
[1] 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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. This arrangement will remain in effect through at least December 28, 2019, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
[2] After Expense Limitation
<b>Expense Example </b>
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Assuming complete redemption at end of period
Expense Example - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Small Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A Shares 678 954 1,251 2,093
Class C Shares 311 658 1,131 2,439
Institutional Shares 96 306 533 1,187
Service Shares 147 462 800 1,755
Investor Shares 110 350 609 1,349
Class R Shares 161 505 873 1,909
Class R6 Shares 95 303 528 1,175
Assuming no redemption
Expense Example, No Redemption
1 Year
3 Years
5 Years
10 Years
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Class C Shares | USD ($) 211 658 1,131 2,439
<b>Portfolio Turnover </b>
The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 55% of the average value of its portfolio.
<b>Principal Strategy </b>
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in small-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 2000® Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell 2000® Value Index was between $75 million and $6.035 billion. Under normal circumstances, the Fund’s investment horizon for ownership of stocks will be two to three years. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (“REITs”), it may also invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 2000® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell 2000® Value Index.
<b>Principal Risks of the Fund </b>
Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
<b>Performance </b>
The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
<b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart
The total return for Class A Shares for the nine-month period ended September 30, 2018 was 4.66%.

Best Quarter
Q3 ‘09           +19.78%

Worst Quarter
Q4 ‘08           –24.77%
AVERAGE ANNUAL TOTAL RETURN <br/><br/><b>For the period ended December 31, 2017</b>
Average Annual Total Returns - Class A, C, Inst, Serv, Inv, R, R6 Shares - Goldman Sachs Small Cap Value Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A Shares 5.72% 12.81% 9.55% 10.66% Oct. 22, 1992
Class A Shares | Returns After Taxes on Distributions 2.97% 10.75% 8.37% 9.35% Oct. 22, 1992
Class A Shares | Returns After Taxes on Distributions and Sale of Fund Shares 5.18% 9.83% 7.62% 8.86% Oct. 22, 1992
Class A Shares | Russell 2000® Value Index (reflects no deduction for fees or expenses) 7.84% 13.00% 8.17% 11.19% Oct. 22, 1992
Class C Shares 9.95% 13.24% 9.36% 8.88% [1] Aug. 15, 1997
Class C Shares | Russell 2000® Value Index (reflects no deduction for fees or expenses) 7.84% 13.00% 8.17% 8.98% Aug. 15, 1997
Institutional Shares 12.34% 14.55% 10.63% 10.14% Aug. 15, 1997
Institutional Shares | Russell 2000® Value Index (reflects no deduction for fees or expenses) 7.84% 13.00% 8.17% 8.98% Aug. 15, 1997
Service Shares 11.78% 13.98% 10.08% 9.60% Aug. 15, 1997
Service Shares | Russell 2000® Value Index (reflects no deduction for fees or expenses) 7.84% 13.00% 8.17% 8.98% Aug. 15, 1997
Investor Shares 12.16% 14.38% 10.45% 10.21% Nov. 30, 2007
Investor Shares | Russell 2000® Value Index (reflects no deduction for fees or expenses) 7.84% 13.00% 8.17% 8.00% Nov. 30, 2007
Class R Shares 11.60% 13.81% 9.92% 9.67% Nov. 30, 2007
Class R Shares | Russell 2000® Value Index (reflects no deduction for fees or expenses) 7.84% 13.00% 8.17% 8.00% Nov. 30, 2007
Class R6 Shares [2] 12.37% 14.56% 10.63% 10.16% Jul. 31, 2015
Class R6 Shares | Russell 2000® Value Index (reflects no deduction for fees or expenses) [2] 7.84% 13.00% 8.17% 8.98% Jul. 31, 2015
[1] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[2] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
XML 25 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Dec. 28, 2018
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <b>Goldman Sachs Small Cap Value Fund—Summary </b>
Objective [Heading] rr_ObjectiveHeading <b>Investment Objective </b>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Goldman Sachs Small Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading <b>Fees and Expenses of the Fund </b>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <b>Shareholder Fees <br/>(fees paid directly from your investment)</b>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 28, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <b>Portfolio Turnover </b>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 55% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 55.00%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example </b>
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.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Service, Investor, Class R and/or Class R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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
Strategy [Heading] rr_StrategyHeading <b>Principal Strategy </b>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in small-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 2000® Value Index at the time of investment. As of September 30, 2018, the capitalization range of the Russell 2000® Value Index was between $75 million and $6.035 billion. Under normal circumstances, the Fund’s investment horizon for ownership of stocks will be two to three years. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (“REITs”), it may also invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 2000® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell 2000® Value Index.
Risk [Heading] rr_RiskHeading <b>Principal Risks of the Fund </b>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
Risk Lose Money [Text] rr_RiskLoseMoney Loss of money is a risk of investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <b>Performance </b>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less. Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Class A Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Service, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.gsamfunds.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <b>TOTAL RETURN CALENDAR YEAR (CLASS A)</b>
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart (including “Best Quarter” and “Worst Quarter” information) does not reflect the sales loads applicable to Class A Shares. If the sales loads were reflected, returns would be less.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The total return for Class A Shares for the nine-month period ended September 30, 2018 was 4.66%.

Best Quarter
Q3 ‘09           +19.78%

Worst Quarter
Q4 ‘08           –24.77%
Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURN <br/><br/><b>For the period ended December 31, 2017</b>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Service, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.21%
Other Expenses rr_OtherExpensesOverAssets 0.21%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.36%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.33% [3]
1 Year rr_ExpenseExampleYear01 $ 678
3 Years rr_ExpenseExampleYear03 954
5 Years rr_ExpenseExampleYear05 1,251
10 Years rr_ExpenseExampleYear10 $ 2,093
2008 rr_AnnualReturn2008 (27.15%)
2009 rr_AnnualReturn2009 27.70%
2010 rr_AnnualReturn2010 25.88%
2011 rr_AnnualReturn2011 0.42%
2012 rr_AnnualReturn2012 16.02%
2013 rr_AnnualReturn2013 38.28%
2014 rr_AnnualReturn2014 6.86%
2015 rr_AnnualReturn2015 (5.77%)
2016 rr_AnnualReturn2016 24.08%
2017 rr_AnnualReturn2017 11.89%
Year to Date Return, Label rr_YearToDateReturnLabel total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 4.66%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 19.78%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.77%)
1 Year rr_AverageAnnualReturnYear01 5.72%
5 Years rr_AverageAnnualReturnYear05 12.81%
10 Years rr_AverageAnnualReturnYear10 9.55%
Since Inception rr_AverageAnnualReturnSinceInception 10.66%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 22, 1992
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Service Fees rr_Component1OtherExpensesOverAssets 0.25%
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.21%
Other Expenses rr_OtherExpensesOverAssets 0.46%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.11%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 2.08% [3]
1 Year rr_ExpenseExampleYear01 $ 311
3 Years rr_ExpenseExampleYear03 658
5 Years rr_ExpenseExampleYear05 1,131
10 Years rr_ExpenseExampleYear10 2,439
1 Year rr_ExpenseExampleNoRedemptionYear01 211
3 Years rr_ExpenseExampleNoRedemptionYear03 658
5 Years rr_ExpenseExampleNoRedemptionYear05 1,131
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,439
1 Year rr_AverageAnnualReturnYear01 9.95%
5 Years rr_AverageAnnualReturnYear05 13.24%
10 Years rr_AverageAnnualReturnYear10 9.36%
Since Inception rr_AverageAnnualReturnSinceInception 8.88% [4]
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.07%
Other Expenses rr_OtherExpensesOverAssets 0.07%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.97%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.94% [3]
1 Year rr_ExpenseExampleYear01 $ 96
3 Years rr_ExpenseExampleYear03 306
5 Years rr_ExpenseExampleYear05 533
10 Years rr_ExpenseExampleYear10 $ 1,187
1 Year rr_AverageAnnualReturnYear01 12.34%
5 Years rr_AverageAnnualReturnYear05 14.55%
10 Years rr_AverageAnnualReturnYear10 10.63%
Since Inception rr_AverageAnnualReturnSinceInception 10.14%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Service  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets 0.25%
All Other Expenses rr_Component3OtherExpensesOverAssets 0.07%
Other Expenses rr_OtherExpensesOverAssets 0.32%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.47%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.44% [3]
1 Year rr_ExpenseExampleYear01 $ 147
3 Years rr_ExpenseExampleYear03 462
5 Years rr_ExpenseExampleYear05 800
10 Years rr_ExpenseExampleYear10 $ 1,755
1 Year rr_AverageAnnualReturnYear01 11.78%
5 Years rr_AverageAnnualReturnYear05 13.98%
10 Years rr_AverageAnnualReturnYear10 10.08%
Since Inception rr_AverageAnnualReturnSinceInception 9.60%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Investor  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.21%
Other Expenses rr_OtherExpensesOverAssets 0.21%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.11%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.08% [3]
1 Year rr_ExpenseExampleYear01 $ 110
3 Years rr_ExpenseExampleYear03 350
5 Years rr_ExpenseExampleYear05 609
10 Years rr_ExpenseExampleYear10 $ 1,349
1 Year rr_AverageAnnualReturnYear01 12.16%
5 Years rr_AverageAnnualReturnYear05 14.38%
10 Years rr_AverageAnnualReturnYear10 10.45%
Since Inception rr_AverageAnnualReturnSinceInception 10.21%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.21%
Other Expenses rr_OtherExpensesOverAssets 0.21%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.61%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.58% [3]
1 Year rr_ExpenseExampleYear01 $ 161
3 Years rr_ExpenseExampleYear03 505
5 Years rr_ExpenseExampleYear05 873
10 Years rr_ExpenseExampleYear10 $ 1,909
1 Year rr_AverageAnnualReturnYear01 11.60%
5 Years rr_AverageAnnualReturnYear05 13.81%
10 Years rr_AverageAnnualReturnYear10 9.92%
Since Inception rr_AverageAnnualReturnSinceInception 9.67%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
Shareholder Administration Fees rr_Component2OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.06%
Other Expenses rr_OtherExpensesOverAssets 0.06%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.96%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.03%) [2]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.93% [3]
1 Year rr_ExpenseExampleYear01 $ 95
3 Years rr_ExpenseExampleYear03 303
5 Years rr_ExpenseExampleYear05 528
10 Years rr_ExpenseExampleYear10 $ 1,175
1 Year rr_AverageAnnualReturnYear01 12.37% [5]
5 Years rr_AverageAnnualReturnYear05 14.56% [5]
10 Years rr_AverageAnnualReturnYear10 10.63% [5]
Since Inception rr_AverageAnnualReturnSinceInception 10.16% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [5]
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Returns After Taxes on Distributions | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.97%
5 Years rr_AverageAnnualReturnYear05 10.75%
10 Years rr_AverageAnnualReturnYear10 8.37%
Since Inception rr_AverageAnnualReturnSinceInception 9.35%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 22, 1992
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Returns After Taxes on Distributions and Sale of Fund Shares | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.18%
5 Years rr_AverageAnnualReturnYear05 9.83%
10 Years rr_AverageAnnualReturnYear10 7.62%
Since Inception rr_AverageAnnualReturnSinceInception 8.86%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 22, 1992
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees or expenses) | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 13.00%
10 Years rr_AverageAnnualReturnYear10 8.17%
Since Inception rr_AverageAnnualReturnSinceInception 11.19%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 22, 1992
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees or expenses) | Class C  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 13.00%
10 Years rr_AverageAnnualReturnYear10 8.17%
Since Inception rr_AverageAnnualReturnSinceInception 8.98%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees or expenses) | Institutional  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 13.00%
10 Years rr_AverageAnnualReturnYear10 8.17%
Since Inception rr_AverageAnnualReturnSinceInception 8.98%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees or expenses) | Service  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 13.00%
10 Years rr_AverageAnnualReturnYear10 8.17%
Since Inception rr_AverageAnnualReturnSinceInception 8.98%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 15, 1997
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees or expenses) | Investor  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 13.00%
10 Years rr_AverageAnnualReturnYear10 8.17%
Since Inception rr_AverageAnnualReturnSinceInception 8.00%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees or expenses) | Class R  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 13.00%
10 Years rr_AverageAnnualReturnYear10 8.17%
Since Inception rr_AverageAnnualReturnSinceInception 8.00%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Class A, C, Inst, Serv, Inv, R, R6 Shares | Goldman Sachs Small Cap Value Fund | Russell 2000® Value Index (reflects no deduction for fees or expenses) | Class R6  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84% [5]
5 Years rr_AverageAnnualReturnYear05 13.00% [5]
10 Years rr_AverageAnnualReturnYear10 8.17% [5]
Since Inception rr_AverageAnnualReturnSinceInception 8.98% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [5]
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
[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, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. This arrangement will remain in effect through at least December 28, 2019, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
[3] After Expense Limitation
[4] Class C Shares automatically convert into Class A Shares ten years after the purchase date. The Since Inception performance for Class C Shares does not reflect the conversion to Class A Shares after the first ten years of performance.
[5] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares’ inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
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Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund
<b>Goldman Sachs Small/Mid Cap Value Fund—Summary </b>
<b>Investment Objective </b>
The Goldman Sachs Small/Mid Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
<b>Fees and Expenses of the Fund </b>
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
<b>Shareholder Fees <br/>(fees paid directly from your investment):</b>
Shareholder Fees - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Small/Mid Cap Value Fund
Class A
Class C
Institutional
Investor
Class R
Class R6
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) [1] none 1.00% none none none none
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
<b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Annual Fund Operating Expenses - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Small/Mid Cap Value Fund
Class A
Class C
Institutional
Investor
Class R
Class R6
Management Fees 0.80% 0.80% 0.80% 0.80% 0.80% 0.80%
Distribution and/or Service (12b-1) Fees 0.25% 0.75% none none 0.50% none
Other Expenses [1] 0.41% 0.66% 0.27% 0.41% 0.41% 0.26%
Service Fees none 0.25% none none none none
All Other Expenses 0.41% 0.41% 0.27% 0.41% 0.41% 0.26%
Total Annual Fund Operating Expenses 1.46% 2.21% 1.07% 1.21% 1.71% 1.06%
Expense Limitation [2] (0.23%) (0.23%) (0.23%) (0.23%) (0.23%) (0.23%)
Total Annual Fund Operating Expenses [3] 1.23% 1.98% 0.84% 0.98% 1.48% 0.83%
[1] The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year.
[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, taxes, interest, brokerage fees, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. This arrangement will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
[3] After Expense Limitation
<b>Expense Example </b>
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Investor, Class R and/or Class R6 Shares at the end of those periods, unless otherwise stated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (except that the Example incorporates the expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Assuming complete redemption at end of period
Expense Example - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Small/Mid Cap Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A Shares 668 965 1,283 2,182
Class C Shares 301 669 1,164 2,526
Institutional Shares 86 317 568 1,285
Investor Shares 100 361 643 1,446
Class R Shares 151 516 907 2,000
Class R6 Shares 85 314 562 1,273
Assuming no redemption
Expense Example, No Redemption
1 Year
3 Years
5 Years
10 Years
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Class C Shares | USD ($) 201 669 1,164 2,526
<b>Portfolio Turnover </b>
The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 105% of the average value of its portfolio.
<b>Principal Strategy </b>
The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in small- and mid-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 2000® Value Index and the Russell Midcap® Value Index, respectively, at the time of investment. As of September 30, 2018, the capitalization range of the companies in these indices was between $75 million and $37.1 billion. Under normal circumstances, the Fund’s investment horizon for ownership of stocks will be two to three years. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (“REITs”), it may also invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 2000® Value Index and the Russell Midcap® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell 2500® Value Index.
<b>Principal Risks of the Fund </b>
Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
<b>Performance </b>
The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
<b>TOTAL RETURN CALENDAR YEAR (INSTITUTIONAL)</b>
Bar Chart
[1] Previously, the bar chart above showed the Fund’s annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares.
The total return for Institutional Shares for the nine-month period ended September 30, 2018 was 2.03%.

Best Quarter
Q4 ‘16            +8.05%

Worst Quarter
Q3 ‘15            –9.29%
AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017</b>
Average Annual Total Returns - Class A, C, Inst, Inv, R, R6 Shares - Goldman Sachs Small/Mid Cap Value Fund
1 Year
Since Inception
Inception Date
Class A Shares 8.55% 7.72% Jan. 31, 2014
Class A Shares | Returns After Taxes on Distributions 7.48% 7.19% Jan. 31, 2014
Class A Shares | Returns After Taxes on Distributions and Sale of Fund Shares 5.68% 5.92% Jan. 31, 2014
Class A Shares | Russell 2500® Value Index (reflects no deduction for fees or expenses) 10.36% 9.69% Jan. 31, 2014
Class C Shares 13.04% 8.52% Jan. 31, 2014
Class C Shares | Russell 2500® Value Index (reflects no deduction for fees or expenses) 10.36% 9.69% Jan. 31, 2014
Institutional Shares 15.30% 9.77% Jan. 31, 2014
Institutional Shares | Russell 2500® Value Index (reflects no deduction for fees or expenses) 10.36% 9.69% Jan. 31, 2014
Investor Shares 15.26% 9.58% Jan. 31, 2014
Investor Shares | Russell 2500® Value Index (reflects no deduction for fees or expenses) 10.36% 9.69% Jan. 31, 2014
Class R Shares 14.61% 9.04% Jan. 31, 2014
Class R Shares | Russell 2500® Value Index (reflects no deduction for fees or expenses) 10.36% 9.69% Jan. 31, 2014
Class R6 Shares [1] 15.40% 9.81% Jul. 31, 2015
Class R6 Shares | Russell 2500® Value Index (reflects no deduction for fees or expenses) [1] 10.36% 9.69% Jul. 31, 2015
[1] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares' inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
XML 28 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Dec. 28, 2018
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <b>Goldman Sachs Small/Mid Cap Value Fund—Summary </b>
Objective [Heading] rr_ObjectiveHeading <b>Investment Objective </b>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Goldman Sachs Small/Mid Cap Value Fund (the “Fund”) seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading <b>Fees and Expenses of the Fund </b>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <b>Shareholder Fees <br/>(fees paid directly from your investment):</b>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <b>Annual Fund Operating Expenses <br/>(expenses that you pay each year as a percentage of the value of your investment)</b>
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 28, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <b>Portfolio Turnover </b>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs when it buys and sells securities or instruments (i.e., “turns over” its portfolio). A high rate of portfolio turnover may result in increased transaction costs, including brokerage commissions, which must be borne by the Fund and its shareholders, and is also likely to result in higher short-term capital gains for taxable shareholders. These costs are not reflected in the annual fund operating expenses or in the expense example above, but are reflected in the Fund’s performance. The Fund’s portfolio turnover rate for the fiscal year ended August 31, 2018 was 105% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 105.00%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts on purchases of Class A Shares if you invest at least $50,000 in Goldman Sachs Funds. More information about these and other discounts is available from your financial professional and in “Shareholder Guide—Common Questions Applicable to the Purchase of Class A Shares” beginning on page 53 and in Appendix D—Additional Information About Sales Charge Variations, Waivers and Discounts on page 124 of the Prospectus and “Other Information Regarding Maximum Sales Charge, Purchases, Redemptions, Exchanges and Dividends” beginning on page B-108 of the Fund’s Statement of Additional Information (“SAI”).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading <b>Expense Example </b>
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.

This Example assumes that you invest $10,000 in Class A, Class C, Institutional, Investor, Class R and/or Class R6 Shares of the Fund for the time periods indicated and then redeem all of your Class A, Class C, Institutional, Investor, Class R and/or Class R6 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 expense limitation arrangement for only the first year). The Example does not take into account brokerage commissions that you may pay on your purchases and sales of Institutional Shares of the Fund. 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
Strategy [Heading] rr_StrategyHeading <b>Principal Strategy </b>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in a diversified portfolio of equity investments in small- and mid-cap issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 2000® Value Index and the Russell Midcap® Value Index, respectively, at the time of investment. As of September 30, 2018, the capitalization range of the companies in these indices was between $75 million and $37.1 billion. Under normal circumstances, the Fund’s investment horizon for ownership of stocks will be two to three years. Although the Fund will invest primarily in publicly traded U.S. securities, including real estate investment trusts (“REITs”), it may also invest in foreign securities, including securities of issuers in countries with emerging markets or economies (“emerging countries”) and securities quoted in foreign currencies.

The Fund’s equity investment process involves: (1) using multiple industry-specific valuation metrics to identify real economic value and company potential in stocks, screened by valuation, profitability and business characteristics; (2) conducting in-depth company research and assessing overall business quality; and (3) buying those securities that a sector portfolio manager recommends, taking into account feedback from the rest of the portfolio management team. The Investment Adviser may decide to sell a position for various reasons, including valuation and price considerations, readjustment of the Investment Adviser’s outlook based on subsequent events, the Investment Adviser’s ongoing assessment of the quality and effectiveness of management, if new investment ideas offer the potential for better risk/reward profiles than existing holdings, or for risk management purposes. In addition, the Investment Adviser may sell a position in order to meet shareholder redemptions.

The Fund may invest in companies with public stock market capitalizations outside the range of companies constituting the Russell 2000® Value Index and the Russell Midcap® Value Index at the time of investment and in fixed income securities, such as government, corporate and bank debt obligations.

The Fund’s benchmark index is the Russell 2500® Value Index.
Risk [Heading] rr_RiskHeading <b>Principal Risks of the Fund </b>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Loss of money is a risk of investing in the Fund. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency. The Fund should not be relied upon as a complete investment program. There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve substantial risks which prospective investors should consider carefully before investing.

Investment Style Risk.  Different investment styles (e.g., “growth”, “value” or “quantitative”) tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Fund may outperform or underperform other funds that invest in similar asset classes but employ different investment styles. Value stocks are those believed to be undervalued in comparison to their peers, due to market, company-specific or other factors.

Large Shareholder Transactions Risk.  The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of shares of the Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause the Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact the Fund’s NAV and liquidity. Similarly, large Fund share purchases may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in the Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio.

Market Risk.  The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets.

Mid-Cap and Small-Cap Risk.  Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

Portfolio Turnover Rate Risk.  A high rate of portfolio turnover (100% or more) involves correspondingly greater expenses which must be borne by the Fund and its shareholders, and is also likely to result in short-term capital gains taxable to shareholders.

REIT Risk.  Risks associated with investments such as REITs in the real estate industry include, among others: possible declines in the value of real estate; risks related to general and local economic conditions; possible lack of availability of mortgage financing, variations in rental income, neighborhood values or the appeal of property to tenants; interest rates; overbuilding; extended vacancies of properties; increases in competition, property taxes and operating expenses; and changes in zoning laws. REITs whose underlying properties are concentrated in a particular industry or geographic region are subject to risks affecting such industries and regions. The securities of REITs involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements because of interest rate changes, economic conditions and other factors. Securities of such issuers may lack sufficient market liquidity to enable the Fund to effect sales at an advantageous time or without a substantial drop in price.

Stock Risk.  Stock prices have historically risen and fallen in periodic cycles. U.S. and foreign stock markets have experienced periods of substantial price volatility in the past and may do so again in the future.
Risk Lose Money [Text] rr_RiskLoseMoney Loss of money is a risk of investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <b>Performance </b>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available at no cost at www.gsamfunds.com/performance or by calling the appropriate phone number on the back cover of the Prospectus.

Performance reflects applicable fee waivers and/or expense limitations in effect during the periods shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide an indication of the risks of investing in the Fund by showing: (a) changes in the performance of the Fund’s Institutional Shares from year to year; and (b) how the average annual total returns of the Fund’s Class A, Class C, Institutional, Investor, Class R and Class R6 Shares compare to those of a broad-based securities market index.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.gsamfunds.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <b>TOTAL RETURN CALENDAR YEAR (INSTITUTIONAL)</b>
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The total return for Institutional Shares for the nine-month period ended September 30, 2018 was 2.03%.

Best Quarter
Q4 ‘16            +8.05%

Worst Quarter
Q3 ‘15            –9.29%
Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod Previously, the bar chart above showed the Fund's annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares.
Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURN<br/><br/><b>For the period ended December 31, 2017</b>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock The after-tax returns are for Class A Shares only. The after-tax returns for Class C, Institutional, Investor and Class R6 Shares, and returns for Class R Shares (which are offered exclusively to employee benefit plans), will vary. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In addition, the after-tax returns shown are not relevant to investors who hold Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.41%
Other Expenses rr_OtherExpensesOverAssets 0.41% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.46%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.23%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.23% [4]
1 Year rr_ExpenseExampleYear01 $ 668
3 Years rr_ExpenseExampleYear03 965
5 Years rr_ExpenseExampleYear05 1,283
10 Years rr_ExpenseExampleYear10 $ 2,182
1 Year rr_AverageAnnualReturnYear01 8.55%
Since Inception rr_AverageAnnualReturnSinceInception 7.72%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Service Fees rr_Component1OtherExpensesOverAssets 0.25%
All Other Expenses rr_Component3OtherExpensesOverAssets 0.41%
Other Expenses rr_OtherExpensesOverAssets 0.66% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.21%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.23%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.98% [4]
1 Year rr_ExpenseExampleYear01 $ 301
3 Years rr_ExpenseExampleYear03 669
5 Years rr_ExpenseExampleYear05 1,164
10 Years rr_ExpenseExampleYear10 2,526
1 Year rr_ExpenseExampleNoRedemptionYear01 201
3 Years rr_ExpenseExampleNoRedemptionYear03 669
5 Years rr_ExpenseExampleNoRedemptionYear05 1,164
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,526
1 Year rr_AverageAnnualReturnYear01 13.04%
Since Inception rr_AverageAnnualReturnSinceInception 8.52%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Institutional  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.27%
Other Expenses rr_OtherExpensesOverAssets 0.27% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.07%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.23%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.84% [4]
1 Year rr_ExpenseExampleYear01 $ 86
3 Years rr_ExpenseExampleYear03 317
5 Years rr_ExpenseExampleYear05 568
10 Years rr_ExpenseExampleYear10 $ 1,285
2015 rr_AnnualReturn2015 (4.36%) [5]
2016 rr_AnnualReturn2016 17.38% [5]
2017 rr_AnnualReturn2017 15.30% [5]
Year to Date Return, Label rr_YearToDateReturnLabel total return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 2.03%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 8.05%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.29%)
1 Year rr_AverageAnnualReturnYear01 15.30%
Since Inception rr_AverageAnnualReturnSinceInception 9.77%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Investor  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.41%
Other Expenses rr_OtherExpensesOverAssets 0.41% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.21%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.23%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.98% [4]
1 Year rr_ExpenseExampleYear01 $ 100
3 Years rr_ExpenseExampleYear03 361
5 Years rr_ExpenseExampleYear05 643
10 Years rr_ExpenseExampleYear10 $ 1,446
1 Year rr_AverageAnnualReturnYear01 15.26%
Since Inception rr_AverageAnnualReturnSinceInception 9.58%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.41%
Other Expenses rr_OtherExpensesOverAssets 0.41% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.71%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.23%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.48% [4]
1 Year rr_ExpenseExampleYear01 $ 151
3 Years rr_ExpenseExampleYear03 516
5 Years rr_ExpenseExampleYear05 907
10 Years rr_ExpenseExampleYear10 $ 2,000
1 Year rr_AverageAnnualReturnYear01 14.61%
Since Inception rr_AverageAnnualReturnSinceInception 9.04%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Service Fees rr_Component1OtherExpensesOverAssets none
All Other Expenses rr_Component3OtherExpensesOverAssets 0.26%
Other Expenses rr_OtherExpensesOverAssets 0.26% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06%
Expense Limitation rr_FeeWaiverOrReimbursementOverAssets (0.23%) [3]
Total Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.83% [4]
1 Year rr_ExpenseExampleYear01 $ 85
3 Years rr_ExpenseExampleYear03 314
5 Years rr_ExpenseExampleYear05 562
10 Years rr_ExpenseExampleYear10 $ 1,273
1 Year rr_AverageAnnualReturnYear01 15.40% [6]
Since Inception rr_AverageAnnualReturnSinceInception 9.81% [6]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [6]
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Returns After Taxes on Distributions | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.48%
Since Inception rr_AverageAnnualReturnSinceInception 7.19%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Returns After Taxes on Distributions and Sale of Fund Shares | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.68%
Since Inception rr_AverageAnnualReturnSinceInception 5.92%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Russell 2500® Value Index (reflects no deduction for fees or expenses) | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.36%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Russell 2500® Value Index (reflects no deduction for fees or expenses) | Class C  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.36%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Russell 2500® Value Index (reflects no deduction for fees or expenses) | Institutional  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.36%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Russell 2500® Value Index (reflects no deduction for fees or expenses) | Investor  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.36%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Russell 2500® Value Index (reflects no deduction for fees or expenses) | Class R  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.36%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 31, 2014
Class A, C, Inst, Inv, R, R6 Shares | Goldman Sachs Small/Mid Cap Value Fund | Russell 2500® Value Index (reflects no deduction for fees or expenses) | Class R6  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.36% [6]
Since Inception rr_AverageAnnualReturnSinceInception 9.69% [6]
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 31, 2015 [6]
[1] A contingent deferred sales charge (“CDSC”) of 1% is imposed on Class C Shares redeemed within 12 months of purchase.
[2] The “Other Expenses” have been restated to reflect expenses expected to be incurred during the current fiscal year.
[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, taxes, interest, brokerage fees, expenses of shareholder meetings, litigation and indemnification, and extraordinary expenses) to 0.004% of the Fund’s average daily net assets. This arrangement will remain in effect through at least December 28, 2019, and prior to such date, the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees.
[4] After Expense Limitation
[5] Previously, the bar chart above showed the Fund’s annual returns for Class A Shares. Institutional Shares were selected because Institutional Shares have more assets than Class A Shares.
[6] Class R6 Shares commenced operations on July 31, 2015. Prior to that date, the performance of Class R6 Shares shown in the table above is that of Institutional Shares, including since inception performance as of Institutional Shares' inception date. Performance has not been adjusted to reflect the lower expenses of Class R6 Shares. Class R6 Shares would have had higher returns because: (i) Institutional Shares and Class R6 Shares represent interests in the same portfolio of securities; and (ii) Class R6 Shares have lower expenses.
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Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GOLDMAN SACHS TRUST
Prospectus Date rr_ProspectusDate Dec. 28, 2018
Document Creation Date dei_DocumentCreationDate Jan. 04, 2019
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