GOLDMAN SACHS TRUST
Goldman Sachs Alternative Funds
Class A, Class C, Institutional, Investor, Class P, Class R, and Class R6 of the
Goldman Sachs Absolute Return Tracker Fund
Goldman Sachs Defensive Equity Fund
(the Funds)
Supplement dated June 23, 2022 to the
Prospectuses, Summary Prospectuses and Statement of Additional Information (SAI), each dated April 29, 2022
Effective at the close of business on June 23, 2022 (the Effective Date), Federico Gilly will no longer serve as a portfolio manager for the Funds. Oliver Bunn will continue to serve as a portfolio manager for the Goldman Sachs Absolute Return Tracker Fund and Jorge Murillo will continue to serve as a portfolio manager for the Goldman Sachs Defensive Equity Fund.
Additionally, effective at the close of business on the Effective Date, James Park will begin serving as portfolio manager for the Goldman Sachs Absolute Return Tracker Fund and Patrick Hartnett will begin serving as portfolio manager for the Goldman Sachs Defensive Equity Fund.
Accordingly, as of the close of business on the Effective Date, the Funds disclosures are modified as follows:
All references to Mr. Gilly in his capacity as a portfolio manager to the Funds in the Prospectuses, Summary Prospectuses and SAI are deleted in their entirety.
The following replaces in its entirety the Portfolio Managers subsection of the Goldman Sachs Alternative FundsGoldman Sachs Absolute Return Tracker FundSummaryPortfolio Management section of the Prospectuses and the Portfolio Managers subsection of the Portfolio Management section of the Summary Prospectuses:
Portfolio Managers: James Park, Managing Director, has managed the fund since 2022; and Oliver Bunn, Vice President, has managed the Fund since 2017.
The following replaces in its entirety the Portfolio Managers subsection of the Goldman Sachs Alternative FundsGoldman Sachs Defensive Equity FundSummaryPortfolio Management section of the Prospectuses and the Portfolio Managers subsection of the Portfolio Management section of the Summary Prospectuses:
Portfolio Managers: Patrick Hartnett, Vice President, has managed the fund since 2022; and Jorge Murillo, Vice President, has managed the Fund since 2020.
The following row replaces the row for James Park in the table under the Quantitative Investment Strategies (QIS) Team subsection of the Service ProvidersFund Managers section of the Prospectuses:
Name and Title | Portfolio Responsibility | Years Primarily Responsible |
Five Year Employment History | |||
James Park Managing Director |
Portfolio Manager Absolute Return Tracker Managed Futures Strategy |
Since 2022 2014 |
Mr. Park is a senior portfolio manager on the Alternative Investment Strategies (AIS) team within Goldman Sachs Asset Managements Quantitative Investment Strategies (QIS) platform. He joined Goldman Sachs in 2004. | |||
The following row is added to the table under the Quantitative Investment Strategies (QIS) Team subsection of the Service ProvidersFund Managers section of the Prospectuses:
Name and Title | Portfolio Responsibility | Years Primarily Responsible |
Five Year Employment History | |||
Patrick Hartnett Vice President |
Portfolio Manager Defensive Equity Fund |
Since 2022 |
Mr. Hartnett is a portfolio manager on the Alternative Investment Strategies (AIS) team within Goldman Sachs Asset Managements Quantitative Investment Strategies (QIS) platform. He joined Goldman Sachs in 2019. Previously, he worked at Jefferies and PNC Bank. | |||
This Supplement should be retained with your Prospectuses, Summary Prospectuses and SAI for future reference.
SELSAT14TBDSTK 06-22