GOLDMAN SACHS TRUST
Class A, Class C, Institutional, Service, Investor, Class R, Class R6 and Class P Shares of the
Goldman Sachs Equity Income Fund
(the Fund)
Supplement dated July 17, 2019 to the
Prospectuses, Summary Prospectuses and Statement of Additional Information (the SAI),
each dated December 28, 2018, as supplemented to date
Effective immediately, Daniel Lochner will no longer serve as a portfolio manager for the Fund. Charles Brook Dane will continue to serve as a portfolio manager for the Fund.
Accordingly, effective immediately, all references to Mr. Lochner in the Prospectuses, Summary Prospectuses and SAI will be deleted in their entirety.
This Supplement should be retained with your Prospectuses, Summary Prospectuses and SAI for future reference.
STICKERTBD2 07-19