0001046292 2020-04-29 2020-04-29 0001046292 gsvit:S000009353Member 2020-04-29 2020-04-29 2020-04-29 497 2019-12-31 GOLDMAN SACHS VARIABLE INSURANCE TRUST 0001046292 false 2021-02-26 2021-02-26 GOLDMAN SACHS VARIABLE INSURANCE TRUST Institutional and Service Shares of the Goldman Sachs Core Fixed Income Fund (the Fund) Supplement dated February 26, 2021 to the Prospectuses, Summary Prospectuses and Statement of Additional Information (SAI), each dated April 29, 2020, as supplemented to date The Board of Trustees of the Goldman Sachs Variable Insurance Trust has recently approved a change in the investment objectives of the Fund. These changes will become effective on April 30, 2021. The Funds current investment objective is to seek a total return consisting of capital appreciation and income that exceeds the total return of the Bloomberg Barclays U.S. Aggregate Bond Index. The Funds new investment objective will be to seek a total return consisting of capital appreciation and income. Accordingly, on April 30, 2021, the Funds Prospectuses, Summary Prospectuses and SAI are revised as follows: The following replaces in its entirety the paragraph under Goldman Sachs Core Fixed Income FundSummaryInvestment Objective in the Prospectuses and the paragraph under Investment Objective in the Summary Prospectuses: The Goldman Sachs Core Fixed Income Fund (the Fund) seeks a total return consisting of capital appreciation and income. GOLDMAN SACHS VARIABLE INSURANCE TRUST Institutional and Service Shares of the Goldman Sachs Core Fixed Income Fund (the Fund) Supplement dated February 26, 2021 to the Prospectuses, Summary Prospectuses and Statement of Additional Information (SAI), each dated April 29, 2020, as supplemented to date The Board of Trustees of the Goldman Sachs Variable Insurance Trust has recently approved a change in the investment objectives of the Fund. These changes will become effective on April 30, 2021. The Funds current investment objective is to seek a total return consisting of capital appreciation and income that exceeds the total return of the Bloomberg Barclays U.S. Aggregate Bond Index. The Funds new investment objective will be to seek a total return consisting of capital appreciation and income. Accordingly, on April 30, 2021, the Funds Prospectuses, Summary Prospectuses and SAI are revised as follows: The following replaces in its entirety the paragraph under Goldman Sachs Core Fixed Income FundSummaryInvestment Objective in the Prospectuses and the paragraph under Investment Objective in the Summary Prospectuses: The Goldman Sachs Core Fixed Income Fund (the Fund) seeks a total return consisting of capital appreciation and income. N-1A