EX-99.(A)(111) 2 f4081d2.htm AMENDMENT NO. 110 TO THE DECLARATION OF TRUST OF GOLDMAN SACHS TRUST PDFtoHTML Conversion Output

                                                                                                EX-99.(a)(111)

 

 

AMENDMENT NO. 110

TO THE

DECLARATION OF TRUST

OF

GOLDMAN SACHS TRUST

This AMENDMENT NO. 110 to the AGREEMENT AND DECLARATION OF TRUST (the "Declaration") as amended, dated the 28th day of January, 1997 of Goldman Sachs Trust (the "Trust") is made by the Trustees named below as of April 15, 2020:

WHEREAS, the Trustees have established the Trust for the investment and reinvestment of funds contributed thereto; and

WHEREAS, the Trustees divided the beneficial interest in the Trust assets into transferable shares of beneficial interest and divided such shares of beneficial interest into separate Series and Classes; and

WHEREAS, the Trustees desire to rename the Goldman Sachs MLP & Energy Fund the "Goldman Sachs Energy Infrastructure Fund," effective on or about June 26, 2020; and

NOW, THEREFORE, in consideration of the foregoing premises and the agreements contained herein, the undersigned, being all of the Trustees of the Trust and acting in accordance with Article V, Section 1 of the Declaration, hereby amend Article V, Section 1 of the Declaration in its entirety as follows:

The Trust shall consist of one or more Series. Without limiting the authority of the Trustees to establish and designate any further Series, the Trustees hereby establish the following 90 Series: Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs Income Fund, Goldman Sachs Municipal Income Completion Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Small Cap Growth Fund, Goldman Sachs MLP & Energy Fund (effective on or about June 26, 2020, "Goldman Sachs Energy Infrastructure Fund"), Goldman Sachs Strategic Factor Allocation Fund, Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Global Real Estate Securities Fund, Goldman Sachs Global Infrastructure Fund, Goldman Sachs Focused Value Fund, Goldman Sachs Investor Money Market Fund, Goldman Sachs Global Managed Beta Fund, Goldman Sachs Tactical Tilt Overlay Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs Short-Term Conservative Income Fund, Goldman Sachs Long Short Credit Strategies Fund, Goldman Sachs MLP Energy Infrastructure Fund, Goldman Sachs Short Duration Income Fund, Goldman Sachs Rising Dividend Growth Fund, Goldman Sachs Managed Futures Strategy Fund, Goldman Sachs High Yield Floating Rate Fund, Goldman Sachs Imprint Emerging Markets Opportunities Fund, Goldman Sachs Strategic Income Fund, Goldman Sachs Alternative Premia Fund, Goldman Sachs Blue Chip Fund, Goldman Sachs Flexible Cap Fund, Goldman Sachs Local Emerging Markets Debt Fund, Goldman Sachs Absolute Return Tracker Fund, Goldman Sachs Inflation Protected Securities Fund, Goldman Sachs Tax-Advantaged Global Equity Portfolio, Goldman Sachs Enhanced Dividend Global Equity Portfolio, Goldman Sachs International Tax-Managed Equity Fund, Goldman Sachs International Small Cap Insights Fund, Goldman Sachs Emerging Markets Equity Insights Fund, Goldman Sachs International Equity Dividend and Premium Fund, Goldman Sachs Satellite Strategies Portfolio, Goldman Sachs Small Cap Value Insights Fund, Goldman Sachs Small Cap Growth Insights Fund, Goldman Sachs International Equity Income Fund, Goldman Sachs Commodity Strategy Fund, Goldman Sachs Bond Fund, Goldman Sachs International Real Estate Securities Fund, Goldman Sachs U.S. Equity Dividend and Premium Fund, Goldman Sachs

 

Small/Mid Cap Growth Fund, Goldman Sachs U.S. Mortgages Fund, Goldman Sachs Investment Grade Credit Fund, Goldman Sachs Emerging Markets Debt Fund, Goldman Sachs High Quality Floating Rate Fund, Goldman Sachs Short Duration Government Fund, Goldman Sachs Short Duration Tax-Free Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs Global Income Fund (effective on or about April 30, 2020, "Goldman Sachs Global Core Fixed Income Fund"), Goldman Sachs Government Income Fund, Goldman Sachs Dynamic Municipal Income Fund, Goldman Sachs High Yield Fund, Goldman Sachs High Yield Municipal Fund, Goldman Sachs Enhanced Income Fund, Goldman Sachs Income Builder Fund, Goldman Sachs Large Cap Growth Insights Fund, Goldman Sachs U.S. Equity Insights Fund, Goldman Sachs Small Cap Equity Insights Fund, Goldman Sachs International Equity Insights Fund, Goldman Sachs Equity Income Fund, Goldman Sachs Capital Growth Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs Small Cap Value Fund, Goldman Sachs International Equity ESG Fund, Goldman Sachs China Equity Fund, Goldman Sachs Emerging Markets Equity Fund, Goldman Sachs Real Estate Securities Fund, Goldman Sachs Large Cap Value Insights Fund, Goldman Sachs Strategic Growth Fund, Goldman Sachs Growth Opportunities Fund, Goldman Sachs Technology Opportunities Fund, Goldman Sachs Large Cap Value Fund, Goldman Sachs Concentrated Growth Fund, Goldman Sachs U.S. Tax-Managed Equity Fund, Goldman Sachs Growth Strategy Portfolio, Goldman Sachs Dynamic Global Equity Fund, Goldman Sachs Balanced Strategy Portfolio, Goldman Sachs Growth and Income Strategy Portfolio, Goldman Sachs Financial Square Prime Obligations Fund, Goldman Sachs Financial Square Government Fund, Goldman Sachs Financial Square Treasury Obligations Fund, Goldman Sachs Financial Square Money Market Fund, Goldman Sachs Investor Tax-Exempt Money Market Fund, Goldman Sachs Financial Square Treasury Solutions Fund and Goldman Sachs Financial Square Treasury Instruments Fund (the "Existing Series"). Each additional Series shall be established and is effective upon the adoption of a resolution of a majority of the Trustees or any alternative date specified in such resolution. The Trustees may designate the relative rights and preferences of the Shares of each Series. The Trustees may divide the Shares of any Series into Classes. Without limiting the authority of the Trustees to establish and designate any further Classes, the Trustees hereby establish the following classes of shares with respect to the series set forth below:

Class A Shares: Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs Income Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Small Cap Growth Fund, Goldman Sachs MLP & Energy Fund (effective on or about June 26, 2020, "Goldman Sachs Energy Infrastructure Fund"), Goldman Sachs Financial Square Government Fund, Goldman Sachs Investor Tax-Exempt Money Market Fund, Goldman Sachs Investor Money Market Fund, Goldman Sachs Global Real Estate Securities Fund, Goldman Sachs Global Infrastructure Fund, Goldman Sachs Focused Value Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs Long Short Credit Strategies Fund, Goldman Sachs MLP Energy Infrastructure Fund, Goldman Sachs Short Duration Income Fund, Goldman Sachs Rising Dividend Growth Fund, Goldman Sachs Managed Futures Strategy Fund, Goldman Sachs High Yield Floating Rate Fund, Goldman Sachs Imprint Emerging Markets Opportunities Fund, Goldman Sachs Strategic Income Fund, Goldman Sachs Alternative Premia Fund, Goldman Sachs Blue Chip Fund, Goldman Sachs Flexible Cap Fund, Goldman Sachs Local Emerging Markets Debt Fund, Goldman Sachs Absolute Return Tracker Fund, Goldman Sachs Inflation Protected Securities Fund, Goldman Sachs Tax-Advantaged Global Equity Portfolio, Goldman Sachs Enhanced Dividend Global Equity Portfolio, Goldman Sachs International Tax-Managed Equity Fund, Goldman Sachs International Small Cap Insights Fund, Goldman Sachs Emerging Markets Equity Insights Fund, Goldman Sachs International Equity Dividend and Premium Fund, Goldman Sachs Satellite Strategies Portfolio, Goldman Sachs Small Cap Value Insights Fund, Goldman Sachs Small Cap Growth Insights Fund, Goldman Sachs International Equity Income Fund, Goldman Sachs Commodity Strategy Fund, Goldman Sachs Bond Fund, Goldman Sachs International Real Estate Securities Fund, Goldman Sachs U.S. Equity Dividend and Premium Fund, Goldman Sachs Small/Mid Cap Growth Fund, Goldman Sachs U.S. Mortgages Fund, Goldman Sachs Investment Grade Credit Fund, Goldman Sachs Emerging Markets Debt Fund, Goldman Sachs High Quality Floating Rate Fund, Goldman Sachs Global Income Fund (effective on or about April 30, 2020, "Goldman Sachs Global Core Fixed Income Fund"), Goldman Sachs Government Income Fund, Goldman Sachs Dynamic Municipal Income Fund, Goldman Sachs High Yield Fund, Goldman Sachs Short Duration Government Fund, Goldman Sachs Short Duration Tax-Free Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs High Yield Municipal Fund, Goldman Sachs Enhanced Income Fund, Goldman Sachs Income Builder Fund, Goldman

2

 

 

Sachs U.S. Equity Insights Fund, Goldman Sachs Small Cap Equity Insights Fund, Goldman Sachs

 

International Equity Insights Fund, Goldman Sachs Large Cap Growth Insights Fund, Goldman

 

Sachs Equity Income Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs Capital Growth

 

Fund, Goldman Sachs Small Cap Value Fund, Goldman Sachs Concentrated Growth Fund, Goldman

 

Sachs International Equity ESG Fund, Goldman Sachs Emerging Markets Equity Fund, Goldman

 

Sachs China Equity Fund, Goldman Sachs Real Estate Securities Fund, Goldman Sachs Large Cap

 

Value Insights Fund, Goldman Sachs Strategic Growth Fund, Goldman Sachs Growth Opportunities

 

Fund, Goldman Sachs Technology Opportunities Fund, Goldman Sachs Large Cap Value Fund,

 

Goldman Sachs U.S. Tax-Managed Equity Fund, Goldman Sachs Growth Strategy Portfolio,

 

Goldman Sachs Dynamic Global Equity Fund, Goldman Sachs Balanced Strategy Portfolio,

 

Goldman Sachs Growth and Income Strategy Portfolio, and Goldman Sachs Short-Term

 

Conservative Income Fund.

Class C Shares:

Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs

 

Income Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Small Cap

 

Growth Fund, Goldman Sachs MLP & Energy Fund (effective on or about June 26, 2020, "Goldman

 

Sachs Energy Infrastructure Fund"), Goldman Sachs Financial Square Government Fund, Goldman

 

Sachs Investor Tax-Exempt Money Market Fund, Goldman Sachs Investor Money Market Fund,

 

Goldman Sachs Global Real Estate Securities Fund, Goldman Sachs Global Infrastructure Fund,

 

Goldman Sachs Focused Value Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs

 

Long Short Credit Strategies Fund, Goldman Sachs MLP Energy Infrastructure Fund, Goldman

 

Sachs Short Duration Income Fund, Goldman Sachs Rising Dividend Growth Fund, Goldman Sachs

 

Managed Futures Strategy Fund, Goldman Sachs High Yield Floating Rate Fund, Goldman Sachs

 

Imprint Emerging Markets Opportunities Fund, Goldman Sachs Strategic Income Fund, Goldman

 

Sachs Financial Square Prime Obligations Fund, Goldman Sachs Alternative Premia Fund, Goldman

 

Sachs Blue Chip Fund, Goldman Sachs Flexible Cap Fund, Goldman Sachs Local Emerging Markets

 

Debt Fund, Goldman Sachs Absolute Return Tracker Fund, Goldman Sachs Inflation Protected

 

Securities Fund, Goldman Sachs International Tax-Managed Equity Fund, Goldman Sachs

 

International Small Cap Insights Fund, Goldman Sachs Emerging Markets Equity Insights Fund,

 

Goldman Sachs International Equity Dividend and Premium Fund, Goldman Sachs Satellite

 

Strategies Portfolio, Goldman Sachs Small Cap Value Insights Fund, Goldman Sachs Small Cap

 

Growth Insights Fund, Goldman Sachs International Equity Income Fund, Goldman Sachs Emerging

 

Markets Debt Fund, Goldman Sachs Commodity Strategy Fund, Goldman Sachs Bond Fund,

 

Goldman Sachs International Real Estate Securities Fund, Goldman Sachs U.S. Equity Dividend and

 

Premium Fund, Goldman Sachs Small/Mid Cap Growth Fund, Goldman Sachs Global Income Fund

 

(effective on or about April 30, 2020, "Goldman Sachs Global Core Fixed Income Fund"), Goldman

 

Sachs Government Income Fund, Goldman Sachs Dynamic Municipal Income Fund, Goldman Sachs

 

High Yield Fund, Goldman Sachs Short Duration Government Fund, Goldman Sachs Short Duration

 

Tax-Free Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs High Yield Municipal

 

Fund, Goldman Sachs Income Builder Fund, Goldman Sachs U.S. Equity Insights Fund, Goldman

 

Sachs Small Cap Equity Insights Fund, Goldman Sachs International Equity Insights Fund, Goldman

 

Sachs Large Cap Growth Insights Fund, Goldman Sachs Equity Income Fund, Goldman Sachs Mid

 

Cap Value Fund, Goldman Sachs Capital Growth Fund, Goldman Sachs Small Cap Value Fund,

 

Goldman Sachs Concentrated Growth Fund, Goldman Sachs International Equity ESG Fund,

 

Goldman Sachs Emerging Markets Equity Fund, Goldman Sachs China Equity Fund, Goldman

 

Sachs Real Estate Securities Fund, Goldman Sachs Large Cap Value Insights Fund, Goldman Sachs

 

Strategic Growth Fund, Goldman Sachs Growth Opportunities Fund, Goldman Sachs Technology

 

Opportunities Fund, Goldman Sachs Large Cap Value Fund, Goldman Sachs U.S. Tax-Managed

 

Equity Fund, Goldman Sachs Growth Strategy Portfolio, Goldman Sachs Dynamic Global Equity

 

Fund, Goldman Sachs Balanced Strategy Portfolio, and Goldman Sachs Growth and Income Strategy

 

Portfolio.

Institutional

Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs

Shares:

Income Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Small Cap

 

Growth Fund, Goldman Sachs MLP & Energy Fund (effective on or about June 26, 2020, "Goldman

 

Sachs Energy Infrastructure Fund"), Goldman Sachs Strategic Factor Allocation Fund, Goldman

3

 

 

Sachs Financial Square Federal Instruments Fund, Goldman Sachs Global Real Estate Securities

 

Fund, Goldman Sachs Global Infrastructure Fund, Goldman Sachs Focused Value Fund, Goldman

 

Sachs Investor Money Market Fund, Goldman Sachs Global Managed Beta Fund, Goldman Sachs

 

Tactical Tilt Overlay Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs Short-Term

 

Conservative Income Fund, Goldman Sachs Long Short Credit Strategies Fund, Goldman Sachs

 

MLP Energy Infrastructure Fund, Goldman Sachs Short Duration Income Fund, Goldman Sachs

 

Rising Dividend Growth Fund, Goldman Sachs Managed Futures Strategy Fund, Goldman Sachs

 

High Yield Floating Rate Fund, Goldman Sachs Imprint Emerging Markets Opportunities Fund,

 

Goldman Sachs Strategic Income Fund, Goldman Sachs Alternative Premia Fund, Goldman Sachs

 

Blue Chip Fund, Goldman Sachs Flexible Cap Fund, Goldman Sachs Local Emerging Markets Debt

 

Fund, Goldman Sachs Absolute Return Tracker Fund, Goldman Sachs Inflation Protected Securities

 

Fund, Goldman Sachs Tax-Advantaged Global Equity Portfolio, Goldman Sachs Enhanced Dividend

 

Global Equity Portfolio, Goldman Sachs International Tax-Managed Equity Fund, Goldman Sachs

 

International Small Cap Insights Fund, Goldman Sachs Emerging Markets Equity Insights Fund,

 

Goldman Sachs International Equity Dividend and Premium Fund, Goldman Sachs Satellite

 

Strategies Portfolio, Goldman Sachs Small Cap Value Insights Fund, Goldman Sachs Small Cap

 

Growth Insights Fund, Goldman Sachs International Equity Income Fund, Goldman Sachs

 

Commodity Strategy Fund, Goldman Sachs Bond Fund, Goldman Sachs International Real Estate

 

Securities Fund, Goldman Sachs U.S. Equity Dividend and Premium Fund, Goldman Sachs

 

Small/Mid Cap Growth Fund, Goldman Sachs U.S. Mortgages Fund, Goldman Sachs Investment

 

Grade Credit Fund, Goldman Sachs Emerging Markets Debt Fund, Goldman Sachs High Quality

 

Floating Rate Fund, Goldman Sachs Short Duration Government Fund, Goldman Sachs Short

 

Duration Tax-Free Fund, Goldman Sachs Government Income Fund, Goldman Sachs Dynamic

 

Municipal Income Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs High Yield

 

Municipal Fund, Goldman Sachs Global Income Fund (effective on or about April 30, 2020,

 

"Goldman Sachs Global Core Fixed Income Fund"), Goldman Sachs High Yield Fund, Goldman

 

Sachs Enhanced Income Fund, Goldman Sachs Income Builder Fund, Goldman Sachs Small Cap

 

Value Fund, Goldman Sachs Concentrated Growth Fund, Goldman Sachs Capital Growth Fund,

 

Goldman Sachs Cap Large Growth Insights Fund, Goldman Sachs U.S. Equity Insights Fund,

 

Goldman Sachs Small Cap Equity Insights Fund, Goldman Sachs International Equity Insights Fund,

 

Goldman Sachs Equity Income Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs

 

International Equity ESG Fund, Goldman Sachs Emerging Markets Equity Fund, Goldman Sachs

 

China Equity Fund, Goldman Sachs Real Estate Securities Fund, Goldman Sachs Large Cap Value

 

Insights Fund, Goldman Sachs Growth Opportunities Fund, Goldman Sachs Strategic Growth Fund,

 

Goldman Sachs Technology Opportunities Fund, Goldman Sachs Large Cap Value Fund, Goldman

 

Sachs U.S. Tax-Managed Equity Fund, Goldman Sachs Financial Square Prime Obligations Fund,

 

Goldman Sachs Financial Square Government Fund, Goldman Sachs Financial Square Treasury

 

Obligations Fund, Goldman Sachs Financial Square Money Market Fund, Goldman Sachs Investor

 

Tax-Exempt Money Market Fund, Goldman Sachs Financial Square Treasury Solutions Fund,

 

Goldman Sachs Financial Square Treasury Instruments Fund, Goldman Sachs Growth Strategy

 

Portfolio, Goldman Sachs Dynamic Global Equity Fund, Goldman Sachs Balanced Strategy

 

Portfolio, and Goldman Sachs Growth and Income Strategy Portfolio.

Service Shares:

Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Investor Money Market

 

Fund, Goldman Sachs Bond Fund, Goldman Sachs Small/Mid Cap Growth Fund, Goldman Sachs

 

High Quality Floating Rate Fund, Goldman Sachs Short Duration Government Fund, Goldman Sachs

 

Short Duration Tax-Free Fund, Goldman Sachs Government Income Fund, Goldman Sachs Dynamic

 

Municipal Income Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs High Yield

 

Municipal Fund, Goldman Sachs Global Income Fund (effective on or about April 30, 2020,

 

"Goldman Sachs Global Core Fixed Income Fund"), Goldman Sachs High Yield Fund, Goldman

 

Sachs Small Cap Value Fund, Goldman Sachs Capital Growth Fund, Goldman Sachs U.S. Equity

 

Insights Fund, Goldman Sachs Large Cap Growth Insights Fund, Goldman Sachs Small Cap Equity

 

Insights Fund, Goldman Sachs International Equity Insights Fund, Goldman Sachs Equity Income

 

Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs International Equity ESG Fund,

 

Goldman Sachs Emerging Markets Equity Fund, Goldman Sachs China Equity Fund, Goldman

 

Sachs Real Estate Securities Fund, Goldman Sachs Large Cap Value Insights Fund, Goldman Sachs

4

 

 

Strategic Growth Fund, Goldman Sachs Growth Opportunities Fund, Goldman Sachs Technology

 

Opportunities Fund, Goldman Sachs Large Cap Value Fund, Goldman Sachs U.S. Tax-Managed

 

Equity Fund, Goldman Sachs Financial Square Prime Obligations Fund, Goldman Sachs Financial

 

Square Government Fund, Goldman Sachs Financial Square Treasury Obligations Fund, Goldman

 

Sachs Financial Square Money Market Fund, Goldman Sachs Investor Tax-Exempt Money Market

 

Fund, Goldman Sachs Financial Square Treasury Solutions Fund, Goldman Sachs Financial Square

 

Treasury Instruments Fund, Goldman Sachs Growth Strategy Portfolio, Goldman Sachs Dynamic

 

Global Equity Fund, Goldman Sachs Balanced Strategy Portfolio, Goldman Sachs Growth and

 

Income Strategy Portfolio, and Goldman Sachs Satellite Strategies Portfolio.

Administration

Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Investor Money Market

Shares:

Fund, Goldman Sachs Short-Term Conservative Income Fund, Goldman Sachs Financial Square

 

Prime Obligations Fund, Goldman Sachs Financial Square Government Fund, Goldman Sachs

 

Financial Square Treasury Obligations Fund, Goldman Sachs Financial Square Money Market Fund,

 

Goldman Sachs Investor Tax-Exempt Money Market Fund, Goldman Sachs Financial Square

 

Treasury Solutions Fund, Goldman Sachs Financial Square Treasury Instruments Fund, and

 

Goldman Sachs Enhanced Income Fund.

Preferred

Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Investor Money Market

Administration

Fund, Goldman Sachs Financial Square Prime Obligations Fund, Goldman Sachs Financial Square

Shares:

Government Fund, Goldman Sachs Financial Square Treasury Obligations Fund, Goldman Sachs

 

Financial Square Money Market Fund, Goldman Sachs Investor Tax-Exempt Money Market Fund,

 

Goldman Sachs Financial Square Treasury Solutions Fund, Goldman Sachs Financial Square

 

Treasury Instruments Fund, and Goldman Sachs Short-Term Conservative Income Fund.

Cash

Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Investor Money

Management

Market Fund, Goldman Sachs Financial Square Treasury Solutions Fund, Goldman Sachs Financial

Shares:

Square Money Market Fund, Goldman Sachs Financial Square Prime Obligations Fund, Goldman

 

Sachs Financial Square Government Fund, Goldman Sachs Investor Tax-Exempt Money Market

 

Fund, Goldman Sachs Financial Square Treasury Instruments Fund and Goldman Sachs Financial

 

Square Treasury Obligations Fund.

Select Shares:

Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Investor Money Market

 

Fund, Goldman Sachs Financial Square Prime Obligations Fund, Goldman Sachs Financial Square

 

Government Fund, Goldman Sachs Financial Square Treasury Obligations Fund, Goldman Sachs

 

Financial Square Money Market Fund, Goldman Sachs Investor Tax-Exempt Money Market Fund,

 

Goldman Sachs Financial Square Treasury Solutions Fund, and Goldman Sachs Financial Square

 

Treasury Instruments Fund.

Capital Shares:

Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Investor Money Market

 

Fund, Goldman Sachs Financial Square Prime Obligations Fund, Goldman Sachs Financial Square

 

Government Fund, Goldman Sachs Financial Square Treasury Obligations Fund, Goldman Sachs

 

Financial Square Money Market Fund, Goldman Sachs Investor Tax-Exempt Money Market Fund,

 

Goldman Sachs Financial Square Treasury Solutions Fund, and Goldman Sachs Financial Square

 

Treasury Instruments Fund.

Separate

Goldman Sachs U.S. Mortgages Fund, Goldman Sachs Investment Grade Credit Fund, and

Account

Goldman Sachs Municipal Income Completion Fund.

Institutional

 

Shares:

 

Class R Shares:

Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs

 

Income Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Small Cap

 

Growth Fund, Goldman Sachs MLP & Energy Fund (effective on or about June 26, 2020, "Goldman

 

Sachs Energy Infrastructure Fund"), Goldman Sachs Global Real Estate Securities Fund, Goldman

 

Sachs Global Infrastructure Fund, Goldman Sachs Focused Value Fund, Goldman Sachs Emerging

5

 

Markets Equity Insights Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs Long Short Credit Strategies Fund, Goldman Sachs MLP Energy Infrastructure Fund, Goldman Sachs Short Duration Income Fund, Goldman Sachs Rising Dividend Growth Fund, Goldman Sachs Managed Futures Strategy Fund, Goldman Sachs High Yield Floating Rate Fund, Goldman Sachs Strategic Income Fund, Goldman Sachs Strategic Growth Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs Flexible Cap Fund, Goldman Sachs Large Cap Value Fund, Goldman Sachs Equity Income Fund, Goldman Sachs Small Cap Value Fund, Goldman Sachs Concentrated Growth Fund, Goldman Sachs Capital Growth Fund, Goldman Sachs Growth Opportunities Fund, Goldman Sachs Small/Mid Cap Growth Fund, Goldman Sachs U.S. Equity Insights Fund, Goldman Sachs Large Cap Value Insights Fund, Goldman Sachs Large Cap Growth Insights Fund, Goldman Sachs Small Cap Equity Insights Fund, Goldman Sachs Small Cap Value Insights Fund, Goldman Sachs Small Cap Growth Insights Fund, Goldman Sachs International Equity Insights Fund, Goldman Sachs International Equity Income Fund, Goldman Sachs Balanced Strategy Portfolio, Goldman Sachs Growth and Income Strategy Portfolio, Goldman Sachs Growth Strategy Portfolio, Goldman Sachs Dynamic Global Equity Fund, Goldman Sachs Satellite Strategies Portfolio, Goldman Sachs Real Estate Securities Fund, Goldman Sachs Commodity Strategy Fund, Goldman Sachs Government Income Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs Bond Fund, Goldman Sachs High Yield Fund, Goldman Sachs Inflation Protected Securities Fund, Goldman Sachs Absolute Return Tracker Fund, Goldman Sachs Alternative Premia Fund, and Goldman Sachs Blue Chip Fund.

Investor Shares: Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs Income Fund, Goldman Sachs Short-Term Conservative Income Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Small Cap Growth Fund, Goldman Sachs MLP & Energy Fund (effective on or about June 26, 2020, "Goldman Sachs Energy Infrastructure Fund"), Goldman Sachs Global Real Estate Securities Fund, Goldman Sachs Global Infrastructure Fund, Goldman Sachs Focused Value Fund, Goldman Sachs China Equity Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs Long Short Credit Strategies Fund, Goldman Sachs MLP Energy Infrastructure Fund, Goldman Sachs Short Duration Income Fund, Goldman Sachs Rising Dividend Growth Fund, Goldman Sachs Managed Futures Strategy Fund, Goldman Sachs High Yield Floating Rate Fund, Goldman Sachs Imprint Emerging Markets Opportunities Fund, Goldman Sachs Strategic Income Fund, Goldman Sachs Strategic Growth Fund, Goldman Sachs Flexible Cap Fund, Goldman Sachs Large Cap Value Fund, Goldman Sachs Equity Income Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs Small Cap Value Fund, Goldman Sachs Concentrated Growth Fund, Goldman Sachs Capital Growth Fund, Goldman Sachs Growth Opportunities Fund, Goldman Sachs Small/Mid Cap Growth Fund, Goldman Sachs U.S. Equity Insights Fund, Goldman Sachs Large Cap Value Insights Fund, Goldman Sachs Large Cap Growth Insights Fund, Goldman Sachs Small Cap Equity Insights Fund, Goldman Sachs Small Cap Value Insights Fund, Goldman Sachs Small Cap Growth Insights Fund, Goldman Sachs International Equity Insights Fund, Goldman Sachs International Equity Income Fund, Goldman Sachs Balanced Strategy Portfolio, Goldman Sachs Growth and Income Strategy Portfolio, Goldman Sachs Growth Strategies Portfolio, Goldman Sachs Dynamic Global Equity Fund, Goldman Sachs Income Strategy Portfolio, Goldman Sachs Satellite Strategies Portfolio, Goldman Sachs Real Estate Securities Fund, Goldman Sachs International Real Estate Securities Fund, Goldman Sachs Commodity Strategy Fund, Goldman Sachs Government Income Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs High Quality Floating Rate Fund, Goldman Sachs Short Duration Government Fund, Goldman Sachs Bond Fund, Goldman Sachs High Yield Fund, Goldman Sachs Inflation Protected Securities Fund, Goldman Sachs Absolute Return Tracker Fund, Goldman Sachs Alternative Premia Fund, Goldman Sachs Blue Chip Fund, Goldman Sachs International Equity ESG Fund, Goldman Sachs Emerging Markets Equity Fund, Goldman Sachs Technology Opportunities Fund, Goldman Sachs U.S. Tax-Managed Equity Fund, Goldman Sachs International Tax-Managed Equity Fund, Goldman Sachs Emerging Markets Equity Insights Fund, Goldman Sachs International Small Cap Insights Fund, Goldman Sachs Income Builder Fund, Goldman Sachs U.S. Equity Dividend and Premium Fund, Goldman Sachs International Equity Dividend and Premium Fund, Goldman Sachs Enhanced Income Fund, Goldman Sachs Short Duration Tax-Free Fund, Goldman Sachs Dynamic Municipal Income Fund, Goldman Sachs High

6

 

 

Yield Municipal Fund, Goldman Sachs U.S. Mortgages Fund, Goldman Sachs Investment Grade

 

Credit Fund, Goldman Sachs Emerging Markets Debt Fund, Goldman Sachs Local Emerging

 

Markets Debt Fund, and Goldman Sachs Global Income Fund (effective on or about April 30, 2020,

 

"Goldman Sachs Global Core Fixed Income Fund").

Premier Shares:

Goldman Sachs Financial Square Federal Instruments Fund, Goldman Sachs Investor Money Market

 

Fund, Goldman Sachs Financial Square Treasury Solutions Fund, Goldman Sachs Financial Square

 

Money Market Fund, Goldman Sachs Financial Square Prime Obligations Fund, Goldman Sachs

 

Financial Square Government Fund, Goldman Sachs Investor Tax-Exempt Money Market Fund,

 

Goldman Sachs Financial Square Treasury Instruments Fund, and Goldman Sachs Financial

 

Square Treasury Obligations Fund.

Resource

Goldman Sachs Investor Money Market Fund, Goldman Sachs Financial Square Treasury Solutions

Shares:

Fund, Goldman Sachs Financial Square Money Market Fund, Goldman Sachs Financial Square

 

Prime Obligations Fund, Goldman Sachs Financial Square Government Fund, Goldman Sachs

 

Investor Tax-Exempt Money Market Fund, Goldman Sachs Financial Square Treasury Instruments

 

Fund, and Goldman Sachs Financial Square Treasury Obligations Fund.

Class R6 Shares:

Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs

 

Income Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Small Cap

 

Growth Fund, Goldman Sachs China Equity Fund, Goldman Sachs Dynamic Municipal Income

 

Fund, Goldman Sachs Enhanced Dividend Global Equity Portfolio, Goldman Sachs High Yield

 

Floating Rate Fund, Goldman Sachs High Yield Municipal Fund, Goldman Sachs International

 

Equity Dividend and Premium Fund, Goldman Sachs International Tax-Managed Equity Fund,

 

Goldman Sachs Local Emerging Markets Debt Fund, Goldman Sachs Long Short Credit Strategies

 

Fund, Goldman Sachs Global Managed Beta Fund, Goldman Sachs Managed Futures Strategy Fund,

 

Goldman Sachs MLP Energy Infrastructure Fund, Goldman Sachs Imprint Emerging Markets

 

Opportunities Fund, Goldman Sachs Rising Dividend Growth Fund, Goldman Sachs Short Duration

 

Tax-Free Fund, Goldman Sachs Strategic Factor Allocation Fund, Goldman Sachs Tactical Tilt

 

Overlay Fund, Goldman Sachs Tax-Advantaged Global Equity Fund, Goldman Sachs Technology

 

Opportunities Fund, Goldman Sachs U.S. Equity Dividend and Premium Fund, Goldman Sachs U.S.

 

Tax-Managed Equity Fund, Goldman Sachs MLP & Energy Fund (effective on or about June 26,

 

2020, "Goldman Sachs Energy Infrastructure Fund"), Goldman Sachs Global Real Estate Securities

 

Fund, Goldman Sachs Global Infrastructure Fund, Goldman Sachs Focused Value Fund, Goldman

 

Sachs Absolute Return Tracker Fund, Goldman Sachs International Real Estate Securities Fund,

 

Goldman Sachs Balanced Strategy Portfolio, Goldman Sachs Bond Fund, Goldman Sachs

 

International Small Cap Insights Fund, Goldman Sachs Capital Growth Fund, Goldman Sachs

 

Investment Grade Credit Fund, Goldman Sachs Commodity Strategy Fund, Goldman Sachs Investor

 

Money Market Fund, Goldman Sachs Concentrated Growth Fund, Goldman Sachs Large Cap

 

Growth Insights Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs Large Cap Value

 

Fund, Goldman Sachs Alternative Premia Fund, Goldman Sachs Large Cap Value Insights Fund,

 

Goldman Sachs Emerging Markets Debt Fund, Goldman Sachs Short-Term Conservative Income

 

Fund, Goldman Sachs Emerging Markets Equity Fund, Goldman Sachs Mid Cap Value Fund,

 

Goldman Sachs Emerging Markets Equity Insights Fund, Goldman Sachs Enhanced Income Fund,

 

Goldman Sachs Real Estate Securities Fund, Goldman Sachs Dynamic Global Equity Fund,

 

Goldman Sachs Financial Square Government Fund, Goldman Sachs Satellite Strategies Portfolio,

 

Goldman Sachs Flexible Cap Fund, Goldman Sachs Short Duration Government Fund, Goldman

 

Sachs Short Duration Income Fund, Goldman Sachs International Equity ESG Fund, Goldman Sachs

 

Small Cap Equity Insights Fund, Goldman Sachs Global Income Fund (effective on or about April

 

30, 2020, "Goldman Sachs Global Core Fixed Income Fund"), Goldman Sachs Small Cap Growth

 

Insights Fund, Goldman Sachs Government Income Fund, Goldman Sachs Small Cap Value Fund,

 

Goldman Sachs Growth & Income Strategy Portfolio, Goldman Sachs Small Cap Value Insights

 

Fund, Goldman Sachs Equity Income Fund, Goldman Sachs Small/Mid Cap Growth Fund, Goldman

 

Sachs Growth Opportunities Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs

 

Growth Strategy Portfolio, Goldman Sachs Strategic Growth Fund, Goldman Sachs High Quality

 

Floating Rate Fund, Goldman Sachs Strategic Income Fund, Goldman Sachs High Yield Fund,

7

 

 

Goldman Sachs International Equity Income Fund, Goldman Sachs Income Builder Fund, Goldman

 

Sachs Blue Chip Fund, Goldman Sachs Inflation Protected Securities Fund, Goldman Sachs U.S.

 

Equity Insights Fund, Goldman Sachs International Equity Insights Fund, and Goldman Sachs U.S.

 

Mortgages Fund.

Class P Shares:

Goldman Sachs Clean Energy Income Fund, Goldman Sachs Hedged Equity Fund, Goldman Sachs

 

Income Fund, Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs Absolute

 

Return Tracker Fund, Goldman Sachs Alternative Premia Fund, Goldman Sachs China Equity Fund,

 

Goldman Sachs Balanced Strategy Portfolio, Goldman Sachs Blue Chip Fund, Goldman Sachs Bond

 

Fund, Goldman Sachs Capital Growth Fund, Goldman Sachs Commodity Strategy Fund, Goldman

 

Sachs Concentrated Growth Fund, Goldman Sachs Core Fixed Income Fund, Goldman Sachs

 

Dynamic Municipal Income Fund, Goldman Sachs Emerging Markets Debt Fund, Goldman Sachs

 

Emerging Markets Equity Fund, Goldman Sachs Emerging Markets Equity Insights Fund, Goldman

 

Sachs Enhanced Dividend Global Equity Portfolio, Goldman Sachs Enhanced Income Fund,

 

Goldman Sachs Dynamic Global Equity Fund, Goldman Sachs Equity Income Fund, Goldman Sachs

 

Financial Square Government Fund, Goldman Sachs Flexible Cap Fund, Goldman Sachs

 

International Equity ESG Fund, Goldman Sachs Focused Value Fund, Goldman Sachs Global

 

Income Fund (effective on or about April 30, 2020, "Goldman Sachs Global Core Fixed Income

 

Fund"), Goldman Sachs Global Infrastructure Fund, Goldman Sachs Global Real Estate Securities

 

Fund, Goldman Sachs Government Income Fund, Goldman Sachs Growth and Income Strategy

 

Portfolio, Goldman Sachs Growth Opportunities Fund, Goldman Sachs Growth Strategy Portfolio,

 

Goldman Sachs High Quality Floating Rate Fund, Goldman Sachs High Yield Fund, Goldman Sachs

 

High Yield Floating Rate Fund, Goldman Sachs High Yield Municipal Fund, Goldman Sachs Income

 

Builder Fund, Goldman Sachs Inflation Protected Securities Fund, Goldman Sachs International

 

Equity Dividend and Premium Fund, Goldman Sachs International Equity Insights Fund, Goldman

 

Sachs International Real Estate Securities Fund, Goldman Sachs International Small Cap Insights

 

Fund, Goldman Sachs International Tax-Managed Equity Fund, Goldman Sachs Investment Grade

 

Credit Fund, Goldman Sachs Large Cap Growth Insights Fund, Goldman Sachs Large Cap Value

 

Fund, Goldman Sachs Large Cap Value Insights Fund, Goldman Sachs Local Emerging Markets

 

Debt Fund, Goldman Sachs Long Short Credit Strategies Fund, Goldman Sachs Managed Futures

 

Strategy Fund, Goldman Sachs Mid Cap Value Fund, Goldman Sachs MLP & Energy Fund

 

(effective on or about June 26, 2020, "Goldman Sachs Energy Infrastructure Fund"), Goldman Sachs

 

MLP Energy Infrastructure Fund, Goldman Sachs Imprint Emerging Markets Opportunities Fund,

 

Goldman Sachs Real Estate Securities Fund, Goldman Sachs Rising Dividend Growth Fund,

 

Goldman Sachs Satellite Strategies Portfolio, Goldman Sachs Short Duration Government Fund,

 

Goldman Sachs Short Duration Income Fund, Goldman Sachs Short Duration Tax-Free Fund,

 

Goldman Sachs Short-Term Conservative Income Fund, Goldman Sachs Small Cap Equity Insights

 

Fund, Goldman Sachs Small Cap Growth Fund, Goldman Sachs Small Cap Growth Insights Fund,

 

Goldman Sachs Small Cap Value Fund, Goldman Sachs Small Cap Value Insights Fund, Goldman

 

Sachs Small/Mid Cap Growth Fund, Goldman Sachs Small/Mid Cap Value Fund, Goldman Sachs

 

Strategic Factor Allocation Fund, Goldman Sachs Strategic Growth Fund, Goldman Sachs Strategic

 

Income Fund, Goldman Sachs International Equity Income Fund, Goldman Sachs Tactical Tilt

 

Overlay Fund, Goldman Sachs Tax-Advantaged Global Equity Portfolio, Goldman Sachs

 

Technology Opportunities Fund, Goldman Sachs U.S. Equity Dividend and Premium Fund,

 

Goldman Sachs U.S. Equity Insights Fund, Goldman Sachs U.S. Mortgages Fund and Goldman

 

Sachs U.S. Tax-Managed Equity Fund.

Drexel Hamilton

Goldman Sachs Financial Square Government Fund and Goldman Sachs Financial Square Prime

Class Shares:

Obligations Fund.

8

 

/s/ Dwight L. Bush

Dwight L. Bush

as Trustee and not individually

/s/ Diana M. Daniels

Diana M. Daniels

as Trustee and not individually

/s/ James A. McNamara

James A. McNamara

as Trustee and not individually

/s/ Roy W. Templin

Roy W. Templin

as Trustee and not individually

/s/ Kathryn A. Cassidy

Kathryn A. Cassidy

as Trustee and not individually

/s/ Joaquin Delgado

Joaquin Delgado

as Trustee and not individually

/s/ Jessica Palmer

Jessica Palmer

as Trustee and not individually

/s/ Gregory G. Weaver

Gregory G. Weaver

as Trustee and not individually

9