0000822977
2011-03-01
2012-02-28
0000822977
gst8:S000018301Member
2011-03-01
2012-02-28
Other
2011-10-31
GOLDMAN SACHS TRUST
0000822977
false
2012-10-11
2012-10-11
2012-02-28
<p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="3"><b>GOLDMAN SACHS TRUST </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Goldman Sachs Structured International Equity Funds </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">Class A, Class C, Institutional and Class IR Shares </font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">of the </font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">Goldman Sachs Structured Emerging Markets Equity Fund </font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">(the "Fund") </font></p> <p style="margin-top: 6px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Supplement dated October 11, 2012 to the </i></font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><i><u>Prospectus dated February 28, 2012, as amended to date (the "Prospectus") </u></i></font></p> <p style="margin-top: 18px; margin-bottom: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Effective immediately, the Fund's Prospectus is revised as follows: </font></p> <p style="margin-top: 6px; margin-bottom: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>The following replaces in its entirety the third paragraph in the "Goldman Sachs Structured Emerging Markets Equity Fund—Summary—Principal Strategy" in the Prospectus: </b></font></p> <p style="margin-top: 6px; margin-bottom: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Fund uses a "structured" quantitative style of management that emphasizes fundamentally-based stock and country/currency selection, careful portfolio construction and efficient implementation. The Fund's investments are selected using both a variety of quantitative techniques and fundamental research, including, but not limited to, such investment themes as: Valuation, Profitability, Quality, Management, Momentum and Sentiment. The Valuation theme attempts to capture potential mispricings of securities, typically by comparing a measure of the company's intrinsic value to its market value. Profitability assesses whether the company is earning more than its cost of capital. Quality evaluates whether the company's earnings are coming from more persistent, cash based sources, as opposed to accruals. Management assesses the characteristics, policies and strategic decisions of company management. Momentum seeks to predict drifts in stock prices caused by delayed investor reaction to company-specific information and information about related companies. Finally, the Sentiment theme reflects selected investment views and decisions of individuals and financial intermediaries. </font></p>
<p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="3"><b>GOLDMAN SACHS TRUST </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Goldman Sachs Structured International Equity Funds </b></font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">Class A, Class C, Institutional and Class IR Shares </font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">of the </font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">Goldman Sachs Structured Emerging Markets Equity Fund </font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2">(the "Fund") </font></p> <p style="margin-top: 6px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Supplement dated October 11, 2012 to the </i></font></p> <p style="margin-top: 0px; margin-bottom: 0px" align="center"><font style="FONT-FAMILY: Times New Roman" size="2"><i><u>Prospectus dated February 28, 2012, as amended to date (the "Prospectus") </u></i></font></p> <p style="margin-top: 18px; margin-bottom: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Effective immediately, the Fund's Prospectus is revised as follows: </font></p> <p style="margin-top: 6px; margin-bottom: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>The following replaces in its entirety the third paragraph in the "Goldman Sachs Structured Emerging Markets Equity Fund—Summary—Principal Strategy" in the Prospectus: </b></font></p> <p style="margin-top: 6px; margin-bottom: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Fund uses a "structured" quantitative style of management that emphasizes fundamentally-based stock and country/currency selection, careful portfolio construction and efficient implementation. The Fund's investments are selected using both a variety of quantitative techniques and fundamental research, including, but not limited to, such investment themes as: Valuation, Profitability, Quality, Management, Momentum and Sentiment. The Valuation theme attempts to capture potential mispricings of securities, typically by comparing a measure of the company's intrinsic value to its market value. Profitability assesses whether the company is earning more than its cost of capital. Quality evaluates whether the company's earnings are coming from more persistent, cash based sources, as opposed to accruals. Management assesses the characteristics, policies and strategic decisions of company management. Momentum seeks to predict drifts in stock prices caused by delayed investor reaction to company-specific information and information about related companies. Finally, the Sentiment theme reflects selected investment views and decisions of individuals and financial intermediaries. </font></p>