EX-99.(D)(8) 3 d672389dex99d8.htm MANAGEMENT AGREEMENT DATED APRIL 30, 1997 Management Agreement dated April 30, 1997

EX-99.(d)(8)

AMENDED ANNEX A

The compensation payable under Paragraph 5 of the Management Agreement between Goldman Sachs Trust and each of the undersigned shall be as follows:

Goldman Sachs Asset Management, L.P.

 

    

Annual Rate

Goldman Sachs Financial Square Prime Obligations Fund1    0.16%
Goldman Sachs Financial Square Money Market Fund2    0.16%
Goldman Sachs Financial Square Treasury Obligations Fund3    0.18%
Goldman Sachs Financial Square Treasury Instruments Fund4    0.18%
Goldman Sachs Financial Square Government Fund5    0.16%
Goldman Sachs Financial Square Treasury Solutions Fund6    0.18%
Goldman Sachs Investor Tax-Exempt Money Market Fund7    0.16%
Goldman Sachs Financial Square Federal Instruments Fund8    0.18%
Goldman Sachs Investor Money Market Fund9    0.16%
Goldman Sachs Government Income Fund10    0.53% on first $1 billion
   0.48% over $1 billion up to $2 billion
   0.45% over $2 billion up to $5 billion
   0.44% over $5 billion up to $8 billion
   0.44% over $8 billion
Goldman Sachs Dynamic Municipal Income Fund11    0.40% on first $1 billion
   0.36% over $1 billion up to $2 billion
   0.34% over $2 billion up to $5 billion
   0.34% over $5 billion up to $8 billion
   0.33% over $8 billion
Goldman Sachs High Yield Fund    0.70% on first $2 billion
   0.63% over $2 billion up to $5 billion
   0.60% over $5 billion up to $8 billion
   0.59% over $8 billion
Goldman Sachs Income Builder Fund12    0.54% on first $1 billion
   0.49% over $1 billion up to $2 billion
   0.46% over $2 billion up to $5 billion
   0.45% over $5 billion up to $8 billion
   0.44% over $8 billion
Goldman Sachs Equity Income Fund13    0.69% on first $1 billion
   0.62% over $1 billion up to $2 billion
   0.59% over $2 billion up to $5 billion
   0.58% over $5 billion up to $8 billion
   0.57% over $8 billion
Goldman Sachs Mid Cap Value Fund    0.75% on first $2 billion
   0.68% over $2 billion up to $5 billion
   0.65% over $5 billion up to $8 billion
   0.64% over $8 billion

    

Annual Rate

Goldman Sachs Small Cap Value Fund14    0.98% on first $2 billion
   0.88% over $2 billion up to $5 billion
   0.84% over $5 billion up to $8 billion
   0.82% over $8 billion
Goldman Sachs Capital Growth Fund15    0.71% on first $1 billion
   0.64% over $1 billion up to $2 billion
   0.61% over $2 billion
Goldman Sachs U.S. Equity Insights Fund16    0.52% on first $1 billion
   0.47% over $1 billion up to $2 billion
   0.44% over $2 billion up to $5 billion
   0.44% over $5 billion up to $8 billion
   0.43% over $8 billion
Goldman Sachs Large Cap Growth Insights Fund17    0.52% on first $1 billion
   0.47% over $1 billion up to $2 billion
   0.44% over $2 billion up to $5 billion
   0.44% over $5 billion up to $8 billion
   0.43% over $8 billion
Goldman Sachs Small Cap Equity Insights Fund18    0.80% on first $2 billion
   0.72% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs International Equity Insights Fund19    0.81% on first $1 billion
   0.73% over $1 billion up to $2 billion
   0.69% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs Real Estate Securities Fund20    0.87% on first $1 billion
   0.78% over $1 billion up to $2 billion
   0.74% over $2 billion up to $5 billion
   0.73% over $5 billion up to $8 billion
   0.71% over $8 billion
Goldman Sachs Large Cap Value Insights Fund21    0.52% on first $1 billion
   0.47% over $1 billion up to $2 billion
   0.44% over $2 billion up to $5 billion
   0.44% over $5 billion up to $8 billion
   0.43% over $8 billion
Goldman Sachs Strategic Growth Fund22    0.71% on first $1 billion
   0.64% over $1 billion up to $2 billion
   0.61% over $2 billion up to $5 billion
   0.59% over $5 billion up to $8 billion
   0.58% over $8 billion
Goldman Sachs Growth Opportunities Fund23    0.92% on first $2 billion
   0.83% over $2 billion up to $5 billion
   0.79% over $5 billion up to $8 billion
   0.77% over $8 billion

    

Annual Rate

Goldman Sachs Technology Opportunities Fund24    0.94% on first $1 billion
   0.85% over $1 billion up to $2 billion
   0.80% over $2 billion up to $5 billion
   0.79% over $5 billion up to $8 billion
   0.77% over $8 billion
Goldman Sachs Large Cap Value Fund25    0.75% on first $1 billion
   0.68% over $1 billion up to $2 billion
   0.65% over $2 billion up to $5 billion
   0.64% over $5 billion up to $8 billion
   0.63% over $8 billion
Goldman Sachs High Yield Municipal Fund26    0.55% on first $2 billion
   0.50% over $2 billion up to $5 billion
   0.48% over $5 billion up to $8 billion
   0.47% over $8 billion
Goldman Sachs U.S. Tax–Managed Equity Fund27    0.70% on first $1 billion
   0.63% over $1 billion up to $2 billion
   0.60% over $2 billion up to $5 billion
   0.59% over $5 billion up to $8 billion
   0.58% over $8 billion
Goldman Sachs Enhanced Income Fund28    0.25% on first $1 billion
   0.23% over $1 billion up to $2 billion
   0.22% over $2 billion up to $5 billion
   0.22% over $5 billion up to $8 billion
   0.22% over $8 billion
Goldman Sachs Concentrated Growth Fund29    0.76% on first $1 billion
   0.68% over $1 billion up to $2 billion
   0.65% over $2 billion up to $5 billion
   0.64% over $5 billion up to $8 billion
   0.62% over $8 billion
Goldman Sachs Emerging Markets Debt Fund30    0.80% on first $2 billion
   0.72% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs U.S. Mortgages Fund31    0.34% on first $1 billion
   0.31% over $1 billion up to $2 billion
   0.29% over $2 billion up to $5 billion
   0.28% over $5 billion up to $8 billion
   0.28% over $8 billion
Goldman Sachs Investment Grade Credit Fund32    0.34% on first $1 billion
   0.31% over $1 billion up to $2 billion
   0.29% over $2 billion up to $5 billion
   0.28% over $5 billion up to $8 billion
   0.28% over $8 billion
Goldman Sachs Small/Mid-Cap Growth Fund33    0.85% on the first $2 billion
   0.77% over $2 billion up to $5 billion
   0.73% over $5 billion up to $8 billion
   0.71% over $8 billion

    

Annual Rate

Goldman Sachs U.S. Equity Dividend and Premium Fund34    0.75% on first $1 billion
   0.68% over $1 billion up to $2 billion
   0.65% over $2 billion up to $5 billion
   0.64% over $5 billion up to $8 billion
   0.63% over $8 billion
Goldman Sachs International Real Estate Securities Fund35    0.95% on first $2 billion
   0.86% over $2 billion up to $5 billion
   0.81% over $5 billion up to $8 billion
   0.80% over $8 billion
Goldman Sachs Bond Fund36    0.41% on first $1 billion
   0.37% over $1 billion up to $2 billion
   0.35% over $2 billion up to $5 billion
   0.34% over $5 billion up to $8 billion
   0.34% over $8 billion
Goldman Sachs Small Cap Value Insights Fund37    0.80% on first $2 billion
   0.72% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs Small Cap Growth Insights Fund38    0.80% on first $2 billion
   0.72% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs Commodity Strategy Fund39    0.50%up to $2 billion
   0.45% over $2 billion up to $5 billion
   0.43% over $5 billion up to $8 billion
   0.42% over $8 billion
Goldman Sachs Emerging Markets Equity Insights Fund40    1.00% on first $2 billion
   0.90% over $2 billion up to $5 billion
   0.86% over $5 billion up to $8 billion
   0.84% over $8 billion
Goldman Sachs International Small Cap Insights Fund41    0.85% on first $2 billion
   0.77% over $2 billion up to $5 billion
   0.73% over $5 billion up to $8 billion
   0.72% over $8 billion
Goldman Sachs International Tax-Managed Equity Fund42    0.85% on first $1 billion
   0.77% over $1 billion up to $2 billion
   0.73% over $2 billion up to $5 billion
   0.72% over $5 billion up to $8 billion
   0.71% over $8 billion
Goldman Sachs International Equity Dividend and Premium    0.81% on first $1 billion
Fund43    0.73%over$1billion up to$2billion
   0.69% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs Inflation Protected Securities Fund44    0.26% on first $1 billion
   0.23% over $1 billion up to $2 billion
   0.22% over $2 billion up to $5 billion
   0.22% over $5 billion up to $8 billion
   0.21% over $8 billion

    

Annual Rate

Goldman Sachs Absolute Return Tracker Fund45    0.70% on first $1 billion
   0.63% over $1 billion up to $2 billion
   0.60% over $2 billion up to $5 billion
   0.59% over $5 billion up to $8 billion
   0.53% over $8 billion
Goldman Sachs Local Emerging Markets Debt Fund46    0.80% on first $2 billion
   0.72% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs Flexible Cap Fund47    0.55% on first $1 billion
   0.50% over $1 billion up to $2 billion
   0.47% over $2 billion up to $5 billion
   0.46% over $5 billion up to $8 billion
   0.45% over $8 billion
Goldman Sachs Blue Chip Fund48    0.55% on first $1 billion
   0.50% over $1 billion up to $2 billion
   0.47% over $2 billion up to $5 billion
   0.46% over $5 billion up to $8 billion
   0.45% over $8 billion)
Goldman Sachs Alternative Premia Fund49    0.79% on first $1 billion
   0.71% over $1 billion up to $2 billion
   0.68% over $2 billion up to $5 billion
   0.66% over $5 billion up to $8 billion
   0.65% over $8 billion
Goldman Sachs Strategic Income Fund50    0.60% on first $1 billion
   0.54% over $1 billion up to $2 billion
   0.51% over $2 billion up to $5 billion
   0.50% over $5 billion up to $8 billion
   0.49% over $8 billion
Goldman Sachs High Yield Floating Rate Fund51    0.60% on first $1 billion
   0.54% over $1 billion up to $2 billion
   0.51% over $2 billion up to $5 billion
   0.50% over $5 billion up to $8 billion
   0.49% over $8 billion
Goldman Sachs Managed Futures Strategy Fund52    1.00% on first $1 billion
   0.90% over $1 billion up to $2 billion
   0.86% over $2 billion up to $5 billion
   0.84% over $5 billion up to $8 billion
   0.82% over $8 billion
Goldman Sachs Rising Dividend Growth Fund53    0.75% on first $1 billion
   0.68% over $1 billion up to $2 billion
   0.64% over $2 billion up to $5 billion
   0.63% over $5 billion up to $8 billion
   0.62% over $8 billion
Goldman Sachs Short Duration Income Fund54    0.40% on first $1 billion
   0.36% over $1 billion up to $2 billion
   0.34% over $2 billion up to $5 billion
   0.33% over $5 billion up to $8 billion
   0.32% over $8 billion

    

Annual Rate

Goldman Sachs MLP Energy Infrastructure Fund55    1.00% on first $1 billion
   0.90% over $1 billion up to $2 billion
   0.86% over $2 billion up to $5 billion
   0.84% over $5 billion up to $8 billion
   0.82% over $8 billion
Goldman Sachs Total Emerging Markets Income Fund56    0.80% on first $2 billion
   0.72% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs Strategic Macro Fund57    0.95% on first $2 billion
   0.86% over $2 billion up to $5 billion
   0.81% over $5 billion up to $8 billion
   0.80% over $8 billion
Goldman Sachs Long Short Credit Strategies Fund58    1.00% on first $1 billion
   0.90% over $1 billion up to $2 billion
   0.86% over $2 billion up to $5 billion
   0.84% over $5 billion up to $8 billion
   0.82% over $8 billion
Goldman Sachs Short-Term Conservative Income Fund59    0.25%
Goldman Sachs Small/Mid Cap Value Fund60    0.80% on first $2 billion
   0.72% over $2 billion up to $5 billion
   0.68% over $5 billion up to $8 billion
   0.67% over $8 billion
Goldman Sachs Tactical Tilt Overlay Fund61    0.75% on first $2 billion
   0.68% over $2 billion up to $5 billion
   0.64% over $5 billion up to $8 billion
   0.62% over $8 billion
Goldman Sachs Global Managed Beta Fund62    0.30%
Goldman Sachs Focused Value Fund63    0.69% on first $1 billion
   0.62% over $1 billion up to $2 billion
   0.59% over $2 billion up to $5 billion
   0.58% over $5 billion up to $8 billion
   0.57% over $8 billion
Goldman Sachs Absolute Return Multi-Asset Fund64    0.85% on first $1 billion
   0.85% over $1 billion up to $2 billion
   0.77% over $2 billion up to $5 billion
   0.73% over $5 billion up to $8 billion
   0.71% over $8 billion
Goldman Sachs Global Infrastructure Fund65    0.90% on first $1 billion
   0.81% over $1 billion up to $2 billion
   0.77% over $2 billion up to $5 billion
   0.75% over $5 billion up to $8 billion
   0.74% over $8 billion
Goldman Sachs Global Real Estate Securities Fund66    0.93% on first $1 billion
   0.84% over $1 billion up to $2 billion
   0.80% over $2 billion up to $5 billion
   0.78% over $5 billion up to $8 billion
   0.76% over $8 billion

    

Annual Rate

Goldman Sachs Strategic Factor Allocation Fund67    0.75% on first $2 billion
   0.68% over $2 billion up to $5 billion
   0.64% over $5 billion up to $8 billion
   0.62% over $8 billion
Goldman Sachs MLP & Energy Fund68    1.00% on first $1 billion
   0.90% over $1 billion up to $2 billion
   0.86% over $2 billion up to $5 billion
   0.84% over $5 billion up to $8 billion
   0.82% over $8 billion
Goldman Sachs Tactical Exposure Fund69    0.75% on first $2 billion
   0.68% over $2 billion up to $5 billion
   0.64% over $5 billion up to $8 billion
   0.63% over $8 billion
Goldman Sachs ESG Emerging Markets Equity Fund70    0.98% on first $2 billion
   0.88% over $2 billion up to $5 billion
   0.84% over $5 billion up to $8 billion
   0.82% over $8 billion
Goldman Sachs Small Cap Growth Fund71    0.85% on first $2 billion
   0.77% over $2 billion up to $5 billion
   0.73% over $5 billion up to $8 billion
   0.71% over $8 billion
Goldman Sachs Municipal Income Completion Fund72    0.00%
Goldman Sachs Asset Management International   
Goldman Sachs Global Income Fund    0.65% on first $1 billion
   0.59% over $1 billion up to $2 billion
   0.56% over $2 billion up to $5 billion
   0.55% over $5 billion up to $8 billion
   0.54% over $8 billion
Goldman Sachs International Equity ESG Fund*,73    0.85% on first $1 billion
   0.77% over $1 billion up to $2 billion
   0.73% over $2 billion up to $5 billion
   0.71% over $5 billion up to $8 billion
   0.70% over $8 billion
Goldman Sachs Emerging Markets Equity Fund*,74    1.02% on first $2 billion
   0.92% over $2 billion up to $5 billion
   0.87% over $5 billion up to $8 billion
   0.85% over $8 billion
Goldman Sachs Asia Equity Fund*    1.00% on first $1 billion
   0.90% over $1 billion up to $2 billion
   0.86% over $2 billion up to $5 billion
   0.84% over $5 billion up to $8 billion
   0.82% over $8 billion

    

Annual Rate

Goldman Sachs International Equity Income Fund*,75    0.80% on first $1 billion
   0.72% over $1 billion up to $2 billion
   0.68% over $2 billion up to $5 billion
   0.67% over $5 billion up to $8 billion
   0.66% over $8 billion
Goldman Sachs N-11 Equity Fund*,76    1.13% on first $2 billion
   1.02% over $2 billion up to $5 billion
   0.97% over $5 billion up to $8 billion
   0.95% over $8 billion

PURSUANT TO AN EXEMPTION FROM THE COMMODITIES FUTURES TRADING COMMISSION (“CFTC”) IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE CLIENTS, THIS ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN FILED WITH THE CFTC. THE CFTC DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OR COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE CFTC HAS NOT REVIEWED OR APPROVED THE TRADING PROGRAM ADOPTED HEREUNDER OR ANY BROCHURE OR ACCOUNT DOCUMENT.

 

Dated: February 13, 2019       GOLDMAN SACHS TRUST
      By:   

/s/ James A. McNamara

      Name:    James A. McNamara
      Title:    President

 

GOLDMAN SACHS ASSET MANAGEMENT,    GOLDMAN SACHS ASSET MANAGEMENT
L.P.       INTERNATIONAL
By:   

/s/ Scott M. McHugh

    By:   

/s/ Karl Wianecki

Name:    Scott M. McHugh    Name:    Karl Wianecki
Title:    Managing Director    Title:    Managing Director

 

* 

Goldman Sachs Asset Management, L.P. has assumed all rights and obligations of Goldman Sachs Asset Management International under the Management Agreement with respect to the Fund.

1 

This Management Agreement on behalf of the Financial Square Prime Obligations Fund was amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

2 

This Management Agreement on behalf of the Financial Square Money Market Fund was amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

3 

This Management Agreement on behalf of the Financial Square Treasury Obligations Fund was amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

4 

This Management Agreement on behalf of the Financial Square Treasury Instruments Fund was amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

5 

This Management Agreement on behalf of the Financial Square Government Fund was amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

6 

This Management Agreement on behalf of the Financial Square Treasury Solutions Fund was amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

7 

This Management Agreement on behalf of the Investor Tax-Exempt Money Market Fund was amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

8 

This Management Agreement was approved on behalf of the Financial Square Federal Instruments Fund at the August 13, 2015 Goldman Sachs Trust Board Meeting and amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

9 

This Management Agreement was approved on behalf of the Investor Money Market Fund at the December 17, 2015 Goldman Sachs Trust Board Meeting and amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

10 

This Management Agreement on behalf of the Government Income Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

11 

This Management Agreement on behalf of the Dynamic Municipal Income Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

12 

This Management Agreement on behalf of the Income Builder Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

13 

This Management Agreement on behalf of the Equity Income Fund (formerly, Growth and Income Fund) was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

14 

This Management Agreement on behalf of the Small Cap Value Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

15 

This Management Agreement on behalf of the Capital Growth Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

16 

This Management Agreement on behalf of the U.S. Equity Insights Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

17 

This Management Agreement on behalf of the Large Cap Growth Insights Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

18 

This Management Agreement was approved on behalf of the Small Cap Equity Insights Fund (formerly, CORE Small Cap Equity Fund and Structured Small Cap Equity Fund) at the July 21, 1997 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

19 

This Management Agreement was approved on behalf of the International Equity Insights Fund (formerly, CORE International Equity Fund and Structured International Equity Fund) at the July 21, 1997 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

20 

This Management Agreement was approved on behalf of the Real Estate Securities Fund at the July 21, 1997 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

21 

This Management Agreement was approved on behalf of the Large Cap Value Insights Fund (formerly, CORE Large Cap Value Fund and Structured Large Cap Value Fund) at the November 3, 1998 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

22 

This Management Agreement was approved on behalf of the Strategic Growth Fund at the April 28, 1999 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

23 

This Management Agreement was approved on behalf of the Growth Opportunities Fund at the April 28, 1999 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

24 

This Management Agreement was approved on behalf of the Technology Opportunities Fund (formerly, Technology Tollkeeper Fund) at the July 27, 1999 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

25 

This Management Agreement was approved on behalf of the Large Cap Value Fund at the October 26, 1999 Goldman Sachs Trust Board Meeting.

26 

This Management Agreement was approved on behalf of the High Yield Municipal Fund at the February 3, 2000 Goldman Sachs Trust Board Meeting.

27 

This Management Agreement was approved on behalf of the U.S. Tax-Managed Equity Fund (formerly, Structured Tax-Managed Equity Fund and CORE Tax-Managed Equity Fund) at the February 3, 2000 Goldman Sachs Trust Board Meeting.

28 

This Management Agreement was approved on behalf of the Enhanced Income Fund at the April 26, 2000 Goldman Sachs Trust Board Meeting.

29 

This Management Agreement was approved on behalf of the Concentrated Growth Fund at the August 1, 2002 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

30 

This Management Agreement was approved on behalf of the Emerging Markets Debt Fund at the July 31, 2003 Goldman Sachs Trust Board Meeting.

31 

This Management Agreement was approved on behalf of the U.S. Mortgages Fund at the October 30, 2003 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

32 

This Management Agreement was approved on behalf of the Investment Grade Credit Fund at the October 30, 2003 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

33 

This Management Agreement was approved on behalf of the Small/Mid-Cap Growth Fund at the May 12, 2005 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

34 

This Management Agreement was approved on behalf of the U.S. Equity Dividend and Premium Fund at the June 16, 2005 Goldman Sachs Trust Board Meeting.

35 

This Management Agreement was approved on behalf of the International Real Estate Securities Fund at the May 11, 2006 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

36 

This Management Agreement was approved on behalf of the Bond Fund (formerly, Core Plus Fixed Income Fund) at the August 10, 2006 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

37 

This Management Agreement was approved on behalf of the Small Cap Value Insights Fund (formerly, Structured Small Cap Value Fund) at the November 9, 2006 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

38 

This Management Agreement was approved on behalf of the Small Cap Growth Insights Fund (formerly, Structured Small Cap Growth Fund) at the November 9, 2006 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

39 

This Management Agreement was approved on behalf of the Commodity Strategy Fund (formerly, Commodity Exposure Fund) at the December 14, 2006 Goldman Sachs Trust Board Meeting.

40 

This Management Agreement was approved on behalf of the Emerging Markets Equity Insights Fund (formerly, Structured Emerging Markets Equity Fund) at the May 10, 2007 Goldman Sachs Trust Board Meeting.

41 

This Management Agreement was approved on behalf of the International Small Cap Insights Fund (formerly, Structured International Small Cap Fund) at the May 10, 2007 Goldman Sachs Trust Board Meeting.

42 

This Management Agreement was approved on behalf of the International Tax-Managed Equity Fund (formerly, Structured International Tax-Managed Equity Fund) at the May 10, 2007 Goldman Sachs Trust Board Meeting.

43 

This Management Agreement was approved on behalf of the International Equity Dividend and Premium Fund at the May 10, 2007 Goldman Sachs Trust Board Meeting.

44 

This Management Agreement was approved on behalf of the Inflation Protected Securities Fund at the June 14, 2007 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

45 

This Management Agreement was approved on behalf of the Absolute Return Tracker Fund at the November 8, 2007 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

46 

This Management Agreement was approved on behalf of the Local Emerging Markets Debt Fund at the December 13, 2007 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

47 

This Management Agreement was approved on behalf of the Flexible Cap Fund (formerly, Flexible Cap Growth Fund and All Cap Growth Fund) at the December 13, 2007 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

48 

This Management Agreement was approved on behalf of the Blue Chip Fund (formerly, Dynamic U.S. Equity and U.S. Equity Fund) at the November 19, 2009 Goldman Sachs Trust Board Meeting and amended at the August 17, 2017 Goldman Sachs Trust Board Meeting.

49 

This Management Agreement was approved on behalf of the Alternative Premia Fund (formerly, Dynamic Allocation Fund) at the November 19, 2009 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

50 

This Management Agreement was approved on behalf of the Strategic Income Fund at the June 17, 2010 Goldman Sachs Trust Board Meeting.

51 

This Management Agreement was approved on behalf of the High Yield Floating Rate Fund at the February 10, 2011 Goldman Sachs Trust Board Meeting.

52 

This Management Agreement was approved on behalf of the Managed Futures Strategy Fund at the October 20, 2011 Goldman Sachs Trust Board Meeting.

53 

This Management Agreement was approved on behalf of the Rising Dividend Growth Fund at the October 20, 2011 Goldman Sachs Trust Board Meeting.

54 

This Management Agreement was approved on behalf of the Short Duration Income Fund at the February 16, 2012 Goldman Sachs Trust Board Meeting.

55 

This Management Agreement was approved on behalf of the MLP Energy Infrastructure Fund at the February 12, 2013 Goldman Sachs Trust Board Meeting.

56 

This Management Agreement was approved on behalf of the Total Emerging Markets Income Fund (formerly, Dynamic Emerging Markets Debt Fund) at the April 18, 2013 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

57 

This Management Agreement was approved on behalf of the Strategic Macro Fund (formerly, Fixed Income Macro Strategies Fund) at the October 17, 2013 Goldman Sachs Trust Board Meeting and amended at the April 19, 2017 Goldman Sachs Trust Board Meeting.

58 

This Management Agreement was approved on behalf of the Long Short Credit Strategies Fund at the October 17, 2013 Goldman Sachs Trust Board Meeting.

59 

This Management Agreement was approved on behalf of the Short-Term Conservative Income Fund (formerly, Limited Maturity Obligations Fund) at the December 19, 2013 Goldman Sachs Trust Board Meeting.

60 

This Management Agreement was approved on behalf of the Small/Mid Cap Value Fund at the December 19, 2013 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

61 

This Management Agreement was approved on behalf of the Tactical Tilt Overlay Fund (formerly, Tactical Tilt Implementation Fund) at the June 12, 2014 Goldman Sachs Trust Board Meeting.

62 

This Management Agreement was approved on behalf of the Global Managed Beta Fund at the December 17, 2014 Goldman Sachs Trust Board Meeting.

63 

This Management Agreement was approved on behalf of the Focused Value Fund at the June 11, 2015 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

64 

This Management Agreement was approved on behalf of the Absolute Return Multi-Asset Fund at the August 13, 2015 Goldman Sachs Trust Board Meeting.

65 

This Management Agreement was approved on behalf of the Global Infrastructure Fund at the August 13, 2015 Goldman Sachs Trust Board Meeting.

66 

This Management Agreement was approved on behalf of the Global Real Estate Securities Fund at the August 13, 2015 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

67 

This Management Agreement was approved on behalf of the Strategic Factor Allocation Fund at the April 14, 2016 Goldman Sachs Trust Board Meeting.

68 

This Management Agreement was approved on behalf of the MLP & Energy Fund at the August 17, 2017 Goldman Sachs Trust Board Meeting.

69 

This Management Agreement was approved on behalf of the Tactical Exposure Fund at the August 17, 2017 Goldman Sachs Trust Board Meeting.

70 

This Management Agreement was approved on behalf of the ESG Emerging Markets Equity Fund at the February 15, 2018 Goldman Sachs Trust Board Meeting.

71 

This Management Agreement was approved on behalf of the Small Cap Growth Fund at the October 11, 2018 Goldman Sachs Trust Board Meeting.

72 

This Management Agreement was approved on behalf of the Goldman Sachs Municipal Income Completion Fund at the February 13, 2019 Goldman Sachs Trust Board Meeting.

73 

This Management Agreement on behalf of the International Equity ESG Fund (formerly, Focused International Equity Fund) was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

74 

This Management Agreement on behalf of the Emerging Markets Equity Fund was amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.

75 

This Management Agreement was approved on behalf of the International Equity Income Fund (formerly, Strategic International Equity Fund) at the November 9, 2006 Goldman Sachs Trust Board Meeting and amended at the February 15, 2018 Goldman Sachs Trust Board Meeting.

76 

This Management Agreement was approved on behalf of the N-11 Equity Fund at the February 10, 2011 Goldman Sachs Trust Board Meeting and amended at the June 15, 2017 Goldman Sachs Trust Board Meeting.