0000822977 2025-12-31 2025-12-31 0000822977 gst:S000009324Member 2025-12-31 2025-12-31 0000822977 gst:S000009340Member 2025-12-31 2025-12-31 false 2025-12-31 497 0000822977 N-1A <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13pt; font-family: times new roman; font-weight: bold; text-align: center;">GOLDMAN SACHS TRUST</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;">Class A, Class C, Institutional, Service, Investor, Class R6 and Class P Shares (as applicable) of the</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; font-weight: bold; text-align: center;">Goldman Sachs U.S. Tax‑Managed Equity Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;">(the “Funds”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">Supplement dated June 12, 2026 to the </span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">Prospectuses, Summary Prospectuses and Statement of Additional Information (“SAI”), </span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">each dated April 30, 2026, as supplemented to date </span></div> <div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">At a special meeting of the shareholders of the Goldman Sachs Trust held on June 12, 2026, the respective shareholders of the Funds approved a proposal to change the Funds’ sub‑classification under the Investment Company Act of 1940, as amended, from “diversified” to “non‑diversified” and eliminated any related fundamental investment restrictions.</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">Accordingly, effective immediately, the Funds are “non‑diversified” and may invest a greater portion of their assets in one or more issuers or in fewer issuers than “diversified” mutual funds.</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">As a “non‑diversified” fund, each Fund would be more susceptible to adverse developments affecting any single issuer held in its portfolio to the extent that each Fund accumulates a larger position in that issuer, and would be more susceptible to greater losses because of these developments.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13pt; font-family: times new roman; font-weight: bold; text-align: center;">GOLDMAN SACHS TRUST</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;">Class A, Class C, Institutional, Service, Investor, Class R6 and Class P Shares (as applicable) of the</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; font-weight: bold; text-align: center;">Goldman Sachs U.S. Equity Dividend and Premium Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;">(the “Funds”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">Supplement dated June 12, 2026 to the </span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">Prospectuses, Summary Prospectuses and Statement of Additional Information (“SAI”), </span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">each dated April 30, 2026, as supplemented to date </span></div> <div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">At a special meeting of the shareholders of the Goldman Sachs Trust held on June 12, 2026, the respective shareholders of the Funds approved a proposal to change the Funds’ sub‑classification under the Investment Company Act of 1940, as amended, from “diversified” to “non‑diversified” and eliminated any related fundamental investment restrictions.</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">Accordingly, effective immediately, the Funds are “non‑diversified” and may invest a greater portion of their assets in one or more issuers or in fewer issuers than “diversified” mutual funds.</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">As a “non‑diversified” fund, each Fund would be more susceptible to adverse developments affecting any single issuer held in its portfolio to the extent that each Fund accumulates a larger position in that issuer, and would be more susceptible to greater losses because of these developments.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 13pt; font-family: times new roman; font-weight: bold; text-align: center;">GOLDMAN SACHS TRUST</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;">Class A, Class C, Institutional, Service, Investor, Class R6 and Class P Shares (as applicable) of the</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; font-weight: bold; text-align: center;">Goldman Sachs U.S. Tax‑Managed Equity Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; font-weight: bold; text-align: center;">Goldman Sachs U.S. Equity Dividend and Premium Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;">(the “Funds”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">Supplement dated June 12, 2026 to the </span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">Prospectuses, Summary Prospectuses and Statement of Additional Information (“SAI”), </span></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">each dated April 30, 2026, as supplemented to date </span></div> <div style="margin-top: 18pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">At a special meeting of the shareholders of the Goldman Sachs Trust held on June 12, 2026, the respective shareholders of the Funds approved a proposal to change the Funds’ sub‑classification under the Investment Company Act of 1940, as amended, from “diversified” to “non‑diversified” and eliminated any related fundamental investment restrictions.</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">Accordingly, effective immediately, the Funds are “non‑diversified” and may invest a greater portion of their assets in one or more issuers or in fewer issuers than “diversified” mutual funds.</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 9pt; font-family: times new roman;">As a “non‑diversified” fund, each Fund would be more susceptible to adverse developments affecting any single issuer held in its portfolio to the extent that each Fund accumulates a larger position in that issuer, and would be more susceptible to greater losses because of these developments.</div> GOLDMAN SACHS TRUST 2026-04-30