EX-99.(h)(5)
GOLDMAN SACHS TRUST
TRANSFER AGENCY AGREEMENT FEE SCHEDULE
Amended and Restated as of April 22, 2026
Pursuant to paragraph 6.01 of the Transfer Agency Agreement (the “Agreement”) between Goldman Sachs & Co. LLC (“Goldman Sachs”) and Goldman Sachs Trust (the “Trust”), for the services provided and expenses assumed by Goldman Sachs, the Trust shall pay to Goldman Sachs as full compensation therefor a fee payable monthly at the following respective annual rates as a percentage of the average daily net asset value of each share class (as applicable) of each series of the Trust (each, a “Fund”):
| Fund |
Annual Rate Applicable to Each Share Class | |
| Goldman Sachs Financial Square Federal Instruments Fund | 0.01% for each share class | |
| Goldman Sachs Financial Square Government Fund | ||
| Goldman Sachs Financial Square Treasury Instruments Fund | ||
| Goldman Sachs Financial Square Treasury Obligations Fund | ||
| Goldman Sachs Financial Square Treasury Solutions Fund | ||
| Goldman Sachs Investor Money Market Fund | ||
| Goldman Sachs Investor Tax-Exempt Money Market Fund | ||
| Goldman Sachs Investor Tax-Exempt California Money Market Fund | ||
| Goldman Sachs Investor Tax-Exempt New York Money Market Fund Stablecoin Reserves Fund Goldman Sachs Central Government Fund Goldman Sachs Government Fund Series II |
| Fund |
Annual Rate Applicable to Each Share Class | |
| Goldman Sachs Absolute Return Tracker Fund | 0.15% for Class A, Class C, Class R and Investor Shares; 0.03% for Class R6 and Class P Shares; and 0.04% for Institutional and Service Shares | |
| Goldman Sachs Balanced Strategy Portfolio | ||
| Goldman Sachs China Equity Fund Goldman Sachs Clean Energy Income Fund | ||
| Goldman Sachs Dynamic Global Equity Fund | ||
| Goldman Sachs Emerging Markets Equity Fund | ||
| Goldman Sachs Emerging Markets Equity Insights Fund Goldman Sachs Emerging Markets Equity ex. China Fund Goldman Sachs Energy Infrastructure Fund | ||
| Goldman Sachs Enhanced Dividend Global Equity Portfolio | ||
| Goldman Sachs Equity Income Fund | ||
| Goldman Sachs ESG Emerging Markets Equity Fund | ||
| Goldman Sachs Global Infrastructure Fund | ||
| Goldman Sachs Growth and Income Strategy Portfolio | ||
| Goldman Sachs Growth Strategy Portfolio | ||
| Goldman Sachs International Equity Dividend and Premium Fund | ||
| Goldman Sachs International Equity ESG Fund | ||
| Goldman Sachs International Equity Income Fund | ||
| Goldman Sachs International Equity Insights Fund | ||
| Goldman Sachs International Small Cap Insights Fund | ||
| Goldman Sachs International Tax-Managed Equity Fund | ||
| Goldman Sachs Large Cap Equity Fund Goldman Sachs Large Cap Growth Insights Fund | ||
| Goldman Sachs Large Cap Value Fund |
| Goldman Sachs Large Cap Value Insights Fund | ||
| Goldman Sachs Managed Futures Strategy Fund | ||
| Goldman Sachs Mid Cap Growth Fund Goldman Sachs Mid Cap Value Fund | ||
| Goldman Sachs MLP Energy Infrastructure Fund | ||
| Goldman Sachs Real Estate Securities Fund | ||
| Goldman Sachs Rising Dividend Growth 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 Equity Fund | ||
| Goldman Sachs Small/Mid Cap Growth Fund | ||
| Goldman Sachs Tactical Tilt Overlay Fund | ||
| Goldman Sachs Tax-Advantaged Global Equity Portfolio | ||
| Goldman Sachs U.S. Equity Dividend and Premium Fund | ||
| Goldman Sachs U.S. Equity Insights Fund | ||
| Goldman Sachs U.S. Tax-Managed Equity Fund |
| Fund |
Annual Rate Applicable to Each Share Class | |
| Goldman Sachs Bond Fund | 0.12% for Class A, Class C, Class R and Investor Shares; 0.03% for Class R6, Separate Account Institutional and Class P Shares; 0.04% for Institutional, Administration, Service and Preferred Shares | |
| Goldman Sachs Commodity Strategy Fund | ||
| Goldman Sachs Core Fixed Income Fund Goldman Sachs Dynamic Bond Fund | ||
| Goldman Sachs Dynamic Municipal Income Fund | ||
| Goldman Sachs Emerging Markets Credit Fund | ||
| Goldman Sachs Emerging Markets Debt Fund | ||
| Goldman Sachs Enhanced Income Fund | ||
| Goldman Sachs Global Core Fixed Income Fund | ||
| Goldman Sachs Government Income Fund | ||
| Goldman Sachs High Yield Floating Rate Fund | ||
| Goldman Sachs High Yield Fund | ||
| Goldman Sachs High Yield Municipal Fund Goldman Sachs Income Fund | ||
| Goldman Sachs Income Builder Fund | ||
| Goldman Sachs Inflation Protected Securities Fund | ||
| Goldman Sachs Investment Grade Credit Fund | ||
| Goldman Sachs Short Duration High Yield Fund | ||
| Goldman Sachs Short Duration Bond Fund | ||
| Goldman Sachs Short Duration Government Fund | ||
| Goldman Sachs Short Duration Tax-Free Fund | ||
| Goldman Sachs Short-Term Conservative Income Fund | ||
| Goldman Sachs Strategic Factor Allocation Fund Goldman Sachs Strategic Volatility Premium Fund |
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| Goldman Sachs U.S. Mortgages Fund |
| Fund |
Annual Rate Applicable to Each Share Class | |
| Goldman Sachs Global Managed Beta Fund | 0.02% for Institutional Shares; and 0.15% for Investor Shares |
| Fund |
Annual Rate Applicable to Each Share Class | |
| Goldman Sachs Municipal Income Completion Fund | 0.02% for Separate Account Institutional Shares |
Except as stated in the next paragraph below, all expenses that exceed such annual fee rate payable by a Fund and a class of shares as described above shall be borne by Goldman Sachs, including the expenses referred to in paragraph 6.02 thereof.
The following expenses borne by the Funds shall not reduce the fee payable to Goldman Sachs stated above, and shall not be subject to the limitation on expenses borne by the Funds stated in the second paragraph above: (a) all reimbursements made by the Trust to Indemnified Parties, in accordance with paragraph 7.01 of the Agreement, and any other extraordinary expenses incurred by the Trust under the Agreement; and (b) all charges and costs borne by the Trust associated with bank accounts maintained to support the settlement of shareholder activity, in accordance with paragraph 6.03 of the Agreement.
Except as amended hereby, the Agreement is reconfirmed, and its provisions shall remain in full force and effect.
| Goldman Sachs & Co. LLC | Goldman Sachs Trust | |||||||
| By: | /s/ Kenneth Cawley |
By: | /s/ James A. McNamara | |||||
| Name: Kenneth Cawley | Name: James A. McNamara | |||||||
| Title: Managing Director | Title: President of the Trust | |||||||