# EDGAR Filing Document

**Accession Number:** 0001612875
**File Stem:** 0001193125-23-026988
**Filing Date:** 2023-2
**Character Count:** 133559
**Document Hash:** 9cea4ab4cdc06fe482bfac65dd476669
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-026988.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001193125-23-026988

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20230323

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS MLP & ENERGY RENAISSANCE FUND
- **CENTRAL INDEX KEY:** 0001612875
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-22979
- **FILM NUMBER:** 23595523

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** (212) 902-1000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS MLP ENERGY RENAISSANCE FUND
- **DATE OF NAME CHANGE:** 20140707

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**SCHEDULE 14A** 

**Proxy Statement Pursuant to Section 14(a) of the** 

**Securities Exchange Act of 1934** 

**(Amendment No.)** 

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Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☒ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Under Rule 14a-12

**GOLDMAN SACHS MLP AND ENERGY RENAISSANCE FUND** 

**(Name of Registrant as Specified In Its Charter)** 

**(none)** 

**(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)** 

Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

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![LOGO](g455810g01n02.jpg)

**Goldman Sachs MLP and Energy Renaissance Fund** 

200 West Street

New York, New York 10282

**NOTICE OF ANNUAL MEETING** 

**To Be Held On March 23, 2023** 

February 7, 2023

To the Shareholders of the Goldman Sachs MLP and Energy Renaissance Fund ("GER" or the "Fund"):

A virtual Annual Meeting (the "Meeting") of the Fund will be held on March 23, 2023, at 9:30 a.m. (Eastern time), and any adjournments or postponements thereof, for the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1)** **To elect two Class II Trustees of the Fund, Linda A. Lang and James A. McNamara (the "Proposal").** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)** **To transact such other business as may properly come before the Meeting or any postponement or adjournment thereof.** 

The matters referred to above are discussed in the Proxy Statement attached to this Notice. The Board of the Fund believes that the Proposal is in the best interests of the Fund and its Shareholders, and unanimously recommends that you vote "**<u>FOR</u>**" the election of Trustees of the Fund as set forth in the Proposal included in this Notice and the Proxy Statement.

Shareholders of record at the close of business on February 1, 2023, the record date for the Meeting, are entitled to receive notice of and to vote at the Meeting and at any postponements or adjournments thereof. The Meeting will be conducted as a virtual meeting. Each shareholder is invited to attend the Meeting virtually. You or your proxyholder will be able to attend the Meeting online, vote and submit questions by visiting meetnow.global/MU79PDU and using a control number assigned by Computershare Fund Services, which is included on the proxy card that you received. No additional password is required to attend the Meeting.

If your shares are held through a stock brokerage account or by a bank or other holder of record you will need to request a legal proxy in order to receive access to the Meeting. To do so, you must submit proof of your proxy power (legal proxy) reflecting your holdings along with your name and email address to Computershare Fund Services. Requests for registration must be labeled as "Legal Proxy" and be received no later than 5:00 p.m. (Eastern Time) on March 20, 2023. You will receive a confirmation of your registration by email that includes the control number necessary to access and vote at the Meeting. Requests for registration should be directed to Computershare Fund Services at shareholdermeetings@computershare.com.

The Meeting will begin promptly at 9:30 a.m. (Eastern Time) on March 23, 2023. We encourage you to access the meeting prior to the start time. For additional information on how you can attend and participate in the Meeting, please see the instructions beginning on page 2 of the Proxy Statement. Because the Meeting will be a completely virtual meeting, there will be no physical location for stockholders to attend.

**If you will not be present at the Meeting, we urge you to sign, date and promptly return the enclosed proxy card or voting instruction form in the envelope provided, which is addressed for your convenience and needs no postage if mailed in the United States. You may also vote easily and quickly by Internet or by telephone. In order to avoid the additional expense to the Fund of further solicitation, we ask your cooperation in returning your proxy promptly.** 

By Order of the Board of Trustees

of Goldman Sachs MLP and Energy

Renaissance Fund

Caroline L. Kraus

*Secretary* 

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**YOUR VOTE IS IMPORTANT** 

**NO MATTER HOW MANY SHARES YOU OWN** 

To secure the largest possible representation at the Meeting, please mark your proxy card or voting instruction form, sign it, date it, and return it in the postage paid envelope provided (unless you are voting by Internet or by telephone). **If you sign, date and return a proxy card or voting instruction form but give no voting instructions, your shares will be voted "FOR" all of the proposals indicated on the card.** If you prefer, you may instead vote via the Internet or by telephone. To vote in this manner, you should refer to the directions below.

To vote via the Internet, please access the website found on your proxy card or voting instruction form and follow the on-screen instructions on the website.

To vote by telephone from within the United States, please call the toll-free number found on your proxy card or voting instruction form, and follow the recorded instructions. Shareholders outside the United States should vote via the Internet or by submitting a proxy card or voting instruction form instead.

You may revoke your proxy or voting instruction form at any time at or before the Meeting, by submitting to the Secretary of the Fund, c/o Goldman Sachs Funds, P.O. Box 806395, Chicago, Illinois 60680-4125, a written notice of revocation or subsequently executed proxy or voting instruction form or by virtually attending and voting at the Meeting.

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**INSTRUCTIONS FOR SIGNING PROXY CARDS** 

The following general guidelines for signing proxy cards may be of assistance to you and will help avoid the time and expense to a Fund involved in validating your vote if you fail to sign your proxy card properly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Individual Accounts:** Sign your name exactly as it appears in the registration on the proxy card or
voting instruction form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Joint Accounts:** Either party may sign, but the name of the party signing should conform exactly to the
name shown in the registration on the proxy card or voting instruction form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **All Other Accounts:** The capacity of the individual signing the proxy card or voting instruction form
should be indicated unless it is reflected in the form of registration. For example:

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| | |
|:---|:---|
| **Registration** | **Valid Signature** |
|  **Corporate Accounts** |  |
| (1) ABC Corp. | ABC Corp. |
|  | John Doe, Treasurer |
| (2) ABC Corp. | John Doe, Treasurer |
| (3) ABC Corp. c/o John Doe, Treasurer | John Doe |
| (4) ABC Corp. Profit Sharing Plan | John Doe, Trustee |
|  **Partnership Accounts** |  |
| (1) The XYZ Partnership | Jane B. Smith, Partner |
| (2) Smith and Jones, Limited Partnership | Jane B. Smith, General Partner |
|  **Trust Accounts** |  |
| (1) ABC Trust Account | Jane B. Doe, Trustee |
| (2) Jane B. Doe, Trustee u/t/d 12/18/98 | Jane B. Doe |
|  **Custodial or Estate Accounts** |  |
| (1) John B. Smith, Cust. f/b/o |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John B. Smith Jr. UGMA/UTMA | John B. Smith |
| (2) Estate of John B. Smith | John B. Smith, Jr., Executor |

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![LOGO](g455810g01n02.jpg)

**ANNUAL MEETING OF** 

**GOLDMAN SACHS MLP AND ENERGY RENAISSANCE FUND** 

200 West Street

New York, New York 10282

**PROXY STATEMENT** 

February 7, 2023

This Proxy Statement is furnished in connection with the solicitation of proxies by and on behalf of the Board of Trustees of the Goldman Sachs MLP and Energy Renaissance Fund ("GER" or the "Fund") for use at the Fund's virtual Annual Meeting on March 23, 2023, at 9:30 a.m. (Eastern time), or any postponement or adjournment thereof, for the purposes set forth in the accompanying Notice of Annual Meeting. Such meeting and any postponement or adjournment thereof is referred to as the "Meeting." Please note that if you plan to attend the Meeting or any adjournment thereof, please see the instructions set forth below. If you are unable to attend the Meeting or any adjournment thereof, the Board of Trustees of the Fund (the "Board") requests that you vote your shares by completing and returning the enclosed proxy card or by recording your voting instructions by telephone or via the Internet. This Proxy Statement, the accompanying Notice of Annual Meeting, and the accompanying proxy card and voting instruction form (or, if applicable, the appropriate notice of where to access these materials) are being mailed to Shareholders on or about February 17, 2023.

The Trustees have fixed the close of business on February 1, 2023 as the record date for the determination of Shareholders entitled to notice of, and to vote at, the Meeting (the "Record Date"). Shareholders of record of the Fund on the Record Date are entitled to one vote per share at the Meeting. As of the Record Date, the number of outstanding shares of beneficial interest of the Fund was 15,052,195.

It is expected that the solicitation of proxies will be primarily by mail. The Fund's officers, and personnel of the Fund's investment adviser and transfer agent and any authorized proxy solicitation agent, may also solicit proxies by telephone, facsimile, Internet or in person. If the Fund records votes through the Internet or by telephone, it will use procedures designed to authenticate shareholders' identities, to allow shareholders to authorize the voting of their shares in accordance with their instructions, and to confirm that their identities have been properly recorded.

The Fund will pay all expenses associated with this Proxy Statement and solicitation, in a manner agreed upon by the Board of Trustees. The Fund has engaged Computershare Fund Services ("CFS"), an independent proxy solicitation firm, to assist in the proxy solicitation. The cost of proxy solicitation services (which include printing, distribution, solicitation and tabulation services) is estimated to be approximately $43,967, plus reasonable out-of-pocket expenses.

To vote by mail, sign, date and promptly return the enclosed proxy card or voting instruction form in the accompanying postage pre-paid envelope. To vote by Internet or telephone, please use the control number on your proxy card or voting instruction form and follow the instructions as described on your proxy card or voting instruction form. If you have any questions regarding the proxy materials, please contact the Fund at 1-866-864-3926. **If the enclosed proxy card or voting instruction form is properly executed and received**

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 **prior to the Meeting and has not been revoked, the shares represented thereby will be voted in accordance with the instructions marked on the returned proxy card or voting instruction form or, if no instructions are marked on the returned proxy card or voting instruction form, the proxy card or voting instruction form will be voted "FOR" the election of the Nominees described in this Proxy Statement, and in the discretion of the persons named as proxies in connection with any other matter that may properly come before the Meeting or any adjournment(s) or postponement(s) thereof.**

Any person giving a proxy may revoke it at any time before it is exercised by submitting to the Secretary of the Fund, c/o Goldman Sachs Funds, P.O. Box 806395, Chicago, Illinois 60680-4125, a written notice of revocation or subsequently executed proxy or voting instruction form or by virtually attending and voting at the Meeting.

If (i) you are a member of a household in which multiple Shareholders of the Fund share the same address, (ii) your shares are held in "street name" and (iii) your broker or bank has received consent to household material, then your broker or bank may have sent to your household only one copy of this Proxy Statement, unless your broker or bank previously received contrary instructions from a Shareholder in your household. If you are part of a household that has received only one copy of this Proxy Statement, the Fund will deliver promptly a separate copy of this Proxy Statement to you upon written or oral request. To receive a separate copy of this Proxy Statement, please contact the Fund by calling toll free 1-866-864-3926 or by mail at such Fund, c/o Goldman Sachs Funds, P.O. Box 806395, Chicago, Illinois 60680-4125. If your shares are held with certain banks, trust companies, brokers, dealers, investment advisers and other financial intermediaries (each, an "Authorized Institution") and you would like to receive a separate copy of future proxy statements, prospectuses or annual reports or you are now receiving multiple copies of these documents and would like to receive a single copy in the future, please contact your Authorized Institution.

**IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING TO BE HELD ON MARCH 23, 2023** 

This Proxy Statement is available online at https://www.proxy-direct.com/gld-33132 (please have the control number found on your proxy card or voting instruction form ready when you visit this website).

**In addition, copies of the Fund's most recent annual and semi-annual report, including financial statements, have previously been mailed to Shareholders. The Fund will furnish to any Shareholder upon request, without charge, an additional copy of the Fund's most recent annual report and semi-annual report to Shareholders. Annual reports and semi-annual reports to Shareholders may be obtained by writing to: the Fund, c/o Goldman Sachs Funds, P.O. Box 806395, Chicago, Illinois 60680-4125; or by telephone toll-free at 1-800-621-2550.** 

**INFORMATION REGARDING ATTENDING THE MEETING** 

The Meeting will be a virtual meeting starting at 9:30 a.m. (Eastern Time) on March 23, 2023. You will be able to attend the Meeting online, submit your questions during the meeting and vote your shares electronically at the meeting by going to meetnow.global/MU79PDU and entering your control number, which is included on the proxy card that you received. No additional password is required to attend the Meeting. Because the Meeting is completely virtual, shareholders will not be able to attend the meeting in person.

If your shares are held through a stock brokerage account or by a bank or other holder of record you will need to request a legal proxy in order to receive access to the virtual Meeting. To do so, you must submit proof of your proxy power (legal proxy) reflecting your holdings along with your name and email address to CFS. Requests for registration must be labeled as "Legal Proxy" and be received no later than 5:00 p.m. (Eastern

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Time) on March 20, 2023. You will receive a confirmation of your registration by email that includes the control number necessary to access and vote at the Meeting. Requests for registration should be directed to Computershare at shareholdermeetings@computershare.com.

We are pleased to offer our shareholders a completely virtual Meeting, which provides worldwide access and communication. We are committed to ensuring that shareholders will be afforded the same rights and opportunities to participate as they would at an in-person meeting. We will try to answer as many questions submitted by shareholders as time permits that comply with the Meeting rules of conduct. However, we reserve the right to edit profanity or other inappropriate language, or to exclude questions that are not pertinent to meeting matters or that are otherwise inappropriate. If substantially similar questions are received, we will group such questions together and provide a single response to avoid repetition.

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**THE PROPOSAL** 

**ELECTION OF TRUSTEES** 

The Proposal relates to the election of Trustees to the Board of Trustees of the Fund (the "Board"). Shareholders of the Fund are being asked to elect two Class II Trustees, Linda A. Lang and James A. McNamara (each, a "Nominee" and together, the "Nominees").

The Board is divided into three classes. For every class, a Trustee holds office for a three-year term (or for an initial period that is consistent with the election schedule of his or her respective classes) and until his or her successor is duly elected and qualifies, or until his or her earlier death, resignation, retirement, removal or disqualification. Each Nominee has indicated his or her willingness to serve if elected.

Information concerning the Nominees and other relevant factors is provided below. Using the enclosed proxy card or voting instruction form or voting by the Internet or by telephone, a Shareholder may authorize proxies to vote his or her shares for the Nominees or may withhold from the proxies authority to vote his or her shares for the Nominees. If the enclosed proxy card or voting instruction form is properly executed and received prior to the Meeting (and has not been revoked) but no instructions are marked, the proxies will vote "FOR" the Nominees. Each Nominee has consented to his or her nomination and has agreed to serve if elected. If, at the time of the Meeting, for any reason, any Nominee is not available for election or able to serve as a Trustee, the proxies will exercise their voting power in favor of such substitute Nominee, if any, as the Trustees may designate. The Fund has no reason to believe that it will be necessary to designate a substitute Nominee.

The Fund's Governance and Nominating Committee, which is responsible for reviewing and making recommendations to the Board with respect to the composition of the Board, reviewed the requisite skills of the Nominees and criteria for new Trustees. The Board believes that this Proposal is in the best interests of the Fund and its Shareholders, and unanimously recommends that you vote "**<u>FOR</u>**" the election of all Nominees.

The following table sets forth the names of the Nominees and the current Trustees and their addresses, ages, terms of office (including length of time served as a Trustee, as applicable), principal occupations for at least the past five years, any other directorships they hold in companies which are subject to the reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or are registered as investment companies under the Investment Company Act of 1940, as amended (the "1940 Act"), and the number of portfolios in the Goldman Sachs Fund Complex (as defined below) that they oversee (or will oversee if elected). The Nominees and Trustees who are not deemed to be "interested persons" of the Fund are referred to as

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"Independent Trustees." The Trustee who is deemed to be an "interested person" of the Fund is referred to as "Interested Trustee."

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Trustees** | **Independent Trustees** | | | | |
| **Name,**<br> **Address and<br>Age <sup>(1)</sup>** | **Position Held with<br>the Fund** | <br>**Term of Office and<br>Length of Time<br>Served <sup>(2)</sup>** | <br>**Principal Occupation(s) <br>During Past 5 Years** | <br>**Number of<br>Portfolios in<br>Fund Complex<br>Overseen by<br>Trustee <sup>(3)</sup>** | <br>**Other**<br>**Directorships <br>Held by**<br>**Trustee <sup>(4)</sup>** |
| Cheryl K. Beebe<br> Age: 67 | Chair of the Board<br>of Trustees | Class I<br> Since 2021; Chair of the Board of Trustees Since 2022 | Ms. Beebe is retired. She is Director, Packaging Corporation of America (2008–Present); Director, The Mosaic Company (2019–Present); Director, HanesBrands Inc. (2020–Present); and was formerly Director, Convergys Corporation (a global leader in customer experience outsourcing) (2015–2018); and formerly held the position of Executive Vice President, (2010–2014); and Chief Financial Officer, Ingredion, Inc. (a leading global ingredient solutions company) (2004–2014).<br>Trustee—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund. | 68 | Packaging<br>Corporation<br>of America<br>(producer of<br>container<br>board); The<br>Mosaic<br>Company<br>(producer of<br>phosphate<br>and potash<br>fertilizer);<br>HanesBrands<br>Inc. (a<br>multinational<br>clothing<br>company) |
| Lawrence Hughes<br> Age: 64 | Trustee | Class I<br> Since 2021 | Mr. Hughes is retired. Formerly, he held senior management positions with BNY Mellon Wealth Management, a division of The Bank of New York Mellon Corporation (a financial services company) (1991–2015), most recently as Chief Executive Officer (2010–2015). He serves as a Member of the Board of Directors, (2012–Present) and formerly served as Chairman (2012-2019), Ellis Memorial and Eldredge | 68 |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Trustees** | **Independent Trustees** | | | | |
| **Name,**<br> **Address and<br>Age <sup>(1)</sup>** | **Position Held with<br>the Fund** | <br>**Term of Office and<br>Length of Time<br>Served <sup>(2)</sup>** | <br>**Principal Occupation(s) <br>During Past 5 Years** | <br>**Number of<br>Portfolios in<br>Fund Complex<br>Overseen by<br>Trustee <sup>(3)</sup>** | <br>**Other**<br>**Directorships <br>Held by**<br>**Trustee <sup>(4)</sup>** |
|  |  |  | House (a not-for-profit organization). Previously, Mr. Hughes served as an Advisory Board Member of Goldman Sachs Trust II (February 2016 – April 2016).<br>Trustee—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund. |  |  |
| John F. Killian<br> Age: 68 | Trustee | Class III<br> Since 2021 | Mr. Killian is retired. He is Director, Consolidated Edison, Inc. (2007–Present); and was formerly Director, Houghton Mifflin Harcourt Publishing Company (2011–2022). Previously, he held senior management positions with Verizon Communications, Inc., including Executive Vice President and Chief Financial Officer (2009–2010); and President, Verizon Business, Verizon Communications, Inc. (2005–2009).<br>Trustee—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund. | 68 | Consolidated<br>Edison, Inc.<br>(a utility<br>holding<br>company) |
| Steven D.<br>Krichmar<br> Age: 64 | Trustee | Class III<br> Since 2021 | Mr. Krichmar is retired. Formerly, he held senior management and governance positions with | 68 |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Trustees** | **Independent Trustees** | | | | |
| **Name,**<br> **Address and<br>Age <sup>(1)</sup>** | **Position Held with<br>the Fund** | <br>**Term of Office and<br>Length of Time<br>Served <sup>(2)</sup>** | <br>**Principal Occupation(s) <br>During Past 5 Years** | <br>**Number of<br>Portfolios in<br>Fund Complex<br>Overseen by<br>Trustee <sup>(3)</sup>** | <br>**Other**<br>**Directorships <br>Held by**<br>**Trustee <sup>(4)</sup>** |
|  |  |  | Putnam Investments, LLC, a financial services company (2001–2016). He was most recently Chief of Operations and a member of the Operating Committee of Putnam Investments, LLC and Principal Financial Officer of The Putnam Funds. Previously, Mr. Krichmar served as an Audit Partner with PricewaterhouseCoopers LLP and its predecessor company (1990 – 2001).<br>Trustee—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund. |  |  |
| Linda A. Lang<br> Age: 64 | Trustee/Nominee | Class II<br>Since 2016 | Ms. Lang is retired. She was formerly Chair of the Board of Directors, (2016–2019) and Member of the Board of Directors, WD-40 Company (a global consumer products company) (2004–2019); Chairman and Chief Executive Officer (2005–2014); and Director, President and Chief Operating Officer, Jack in the Box, Inc. (a restaurant company) (2003–2005). Previously, Ms. Lang served as an Advisory Board Member of Goldman Sachs MLP and Energy Renaissance Fund (February 2016 – March 2016).<br>Trustee—Goldman Sachs MLP and Energy | 69 |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Trustees** | **Independent Trustees** | | | | |
| **Name,**<br> **Address and<br>Age <sup>(1)</sup>** | **Position Held with<br>the Fund** | <br>**Term of Office and<br>Length of Time<br>Served <sup>(2)</sup>** | <br>**Principal Occupation(s) <br>During Past 5 Years** | <br>**Number of<br>Portfolios in<br>Fund Complex<br>Overseen by<br>Trustee <sup>(3)</sup>** | <br>**Other**<br>**Directorships <br>Held by**<br>**Trustee <sup>(4)</sup>** |
|  |  |  | Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |  |  |
| Michael Latham<br> Age: 57 | Trustee | Class I<br> Since 2015 | Mr. Latham is retired. He currently serves as Chief Operating Officer and Director of FinTech Evolution Acquisition Group (a special purpose acquisition company) (2021-Present). Formerly, Mr. Latham held senior management positions with the iShares exchange-traded fund business owned by BlackRock, Inc., including Chairman (2011–2014); Global Head (2010–2011); U.S. Head (2007–2010); and Chief Operating Officer (2003–2007).<br>Trustee—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. | 69 | FinTech<br>Evolution<br>Acquisition<br>Group (a<br>special<br>purpose<br>acquisition<br>company) |
| Lawrence W. Stranghoener<br> Age: 68 | Trustee | Class III<br> Since 2015 | Mr. Stranghoener is retired. He is Chairman, Kennametal, Inc. (a global manufacturer and distributor of tooling and industrial materials) (2003-Present); and was formerly Director, Aleris Corporation and Aleris International, Inc. (a | 69 | Kennametal,<br>Inc. (a global<br>manufacturer<br>and<br>distributor of<br>tooling and<br>industrial<br>materials) |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Trustees** | **Independent Trustees** | | | | |
| **Name,**<br> **Address and<br>Age <sup>(1)</sup>** | **Position Held with**<br>**the Fund** | <br>**Term of Office and<br>Length of Time<br>Served <sup>(2)</sup>** | <br>**Principal Occupation(s) <br>During Past 5 Years** | <br>**Number of<br>Portfolios in<br>Fund Complex<br>Overseen by<br>Trustee <sup>(3)</sup>** | <br>**Other**<br>**Directorships <br>Held by**<br>**Trustee <sup>(4)</sup>** |
|  |  |  | producer of aluminum rolled products) (2011-2020); Interim Chief Executive Officer (2014) and Executive Vice President and Chief Financial Officer (2004–2014), Mosaic Company (a fertilizer manufacturing company).<br>Trustee—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund.<br>Chair of the Board of Trustees—Goldman Sachs Credit Income Fund. |  |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Interested Trustee** | **Interested Trustee** | | | | |
| **Name,**<br> **Address and<br>Age <sup>(1)</sup>** | **Positions Held<br>with the Fund** | <br>**Term of Office and<br>Length of Time<br>Served <sup>(2)</sup>** | <br>**Principal Occupation(s) <br>During Past 5 Years** | <br>**Number of<br>Portfolios in<br>Fund Complex<br>Overseen by<br>Trustee <sup>(3)</sup>** | <br>**Other**<br>**Directorships<br>Held by**<br>**Trustee <sup>(4)</sup>** |
| James A. McNamara\*<br> Age: 60 | President<br>and<br>Trustee/<br>Nominee | Class II<br> Since 2014 | Advisory Director, Goldman Sachs (January 2018–Present); Managing Director, Goldman Sachs (January 2000–December 2017); Director of Institutional Fund Sales, GSAM (April 1998–December 2000); and Senior Vice President and Manager, Dreyfus Institutional Service Corporation (January 1993–April 1998).<br>President and Trustee—Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. | 172 |  |

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\* Mr. McNamara is considered to be an "Interested Trustee" because he holds positions with Goldman Sachs and/or owns securities issued by The Goldman Sachs Group, Inc. He also holds comparable positions with certain other companies of which Goldman Sachs, GSAM or an affiliate thereof is the investment adviser, administrator and/or distributor. 

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(1) Each Trustee may be contacted by writing to the Trustee, c/o Goldman Sachs Funds, P.O. Box 806395, Chicago,
Illinois 60680-4125.

(2) After a Trustee's initial term, each Trustee is eligible to serve for successive three-year terms
concurrent with the class of Trustees in which he or she serves, subject to such policies as may be adopted by the Board from time-to-time.

• Class I Trustee currently serves a three-year term ending in 2025.

• Class II Trustees currently serve a three-year term ending in 2023.

• Class III Trustee currently serves a three-year term ending in 2024.

The Board has adopted polices which provide a Trustee shall retire as of December 31<sup>st</sup> of the calendar year in which he or she reaches (a) his or her 74<sup>th</sup> birthday or (b) the 15<sup>th</sup> anniversary of the date he or she became a Trustee, whichever comes earlier, unless a waiver of such requirement shall have been adopted by a majority of the other Trustees. These policies may be changed by the Trustees without shareholder vote. <br>

(3) The Goldman Sachs Fund Complex includes certain other companies listed above for each respective Trustee. As of
February 1, 2023, Goldman Sachs MLP and Energy Renaissance Fund consisted of one portfolio; Goldman Sachs Trust consisted of 88 portfolios (87 of which offered shares to the public); Goldman Sachs Variable Insurance Trust consisted of 15
portfolios (12 of which offered shares to the public); Goldman Sachs Trust II consisted of 18 portfolios (7 of which offered shares to the public); Goldman Sachs ETF Trust consisted of 46 portfolios (29 of which offered shares to the public);
Goldman Sachs ETF Trust II consisted of 2 portfolios (1 of which offered shares to the public); and Goldman Sachs Credit Income Fund and Goldman Sachs Real Estate Diversified Income Fund each consisted of one portfolio. Goldman Sachs Credit Income
Fund did not offer shares to the public.

(4) This column includes only directorships of companies required to report to the SEC under the Exchange Act
(*i.e*., "public companies") or other investment companies registered under the 1940 Act.

No Trustee or Nominee who is not an interested person of the Fund, or any immediate family member of such person, owns securities in the Investment Adviser, or a person directly or indirectly controlling, controlled by, or under common control with the Investment Adviser.

The significance or relevance of a Trustee's particular experience, qualifications, attributes and/or skills is considered by the Board on an individual basis. Experience, qualifications, attributes and/or skills common to all Trustees include the ability to critically review, evaluate and discuss information provided to them and to interact effectively with the other Trustees and with representatives of the Investment Adviser and its affiliates, other service providers, legal counsel and the Fund's independent registered public accounting firm, the capacity to address financial and legal issues and exercise reasonable business judgment, and a commitment to the representation of the interests of the Fund and its shareholders. The Governance and Nominating Committee's charter contains certain other factors that are considered by the Governance and Nominating Committee in identifying and evaluating potential nominees to serve as Independent Trustees. Based on the Nominees' experience, qualifications, attributes and/or skills, considered individually and with respect to the experience, qualifications, attributes and/or skills of the current Trustees, the Board has concluded that the Nominees should serve as Trustees. Below is a brief discussion of the experience, qualifications, attributes and/or skills of the Nominees and each of the current Trustees as of February 1, 2022 that led the Board to conclude that such individual should serve as a Trustee.

**Cheryl K. Beebe.** Ms. Beebe has served as a Class I Trustee of the Fund since 2021 and Chair of the Board of Trustees since 2022. Ms. Beebe is retired. She is a member of the Board of Directors of Packaging Corporation of America, a producer of container board, where she serves as Chair of the Audit Committee. She is also a member of the Board of Directors of The Mosaic Company, a producer of phosphate and potash fertilizer, and serves as Chair of the Audit Committee. In addition, Ms. Beebe is a member of the Board of Directors of HanesBrands Inc., a multinational clothing company. Further, she serves on the Board of Trustees of Fairleigh Dickinson University, where she is Chair of the Governance Committee. Ms. Beebe was a member of the Board of Directors of Convergys Corporation, a global leader in customer experience outsourcing, where she served as Chair of the Audit Committee. Previously, she held several senior management positions at Ingredion, Inc.

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(formerly Corn Products International, Inc.), a leading global ingredient solutions company. Ms. Beebe also worked at Ingredion, Inc. and predecessor companies for 34 years, most recently as Executive Vice President and Chief Financial Officer. In that capacity, she was responsible for overseeing the company's controller, treasury, tax, investor relations, internal audit, financial planning, corporate communications and global supply chain functions. Based on the foregoing, Ms. Beebe is experienced with financial, accounting and investment matters.

**Lawrence Hughes.** Mr. Hughes has served as a Class I Trustee of the Fund since 2021. Mr. Hughes is retired. Mr. Hughes is a member of the Board of Directors of Ellis Memorial and Eldredge House, a not-for-profit organization and previously served as Chairman. Previously, he held several senior management positions at BNY Mellon Wealth Management, a division of The Bank of New York Mellon Corporation that provides wealth planning, investment management and banking services to individuals, families, family offices and charitable gift programs through a nationwide network of offices. Mr. Hughes worked at BNY Mellon Wealth Management for 24 years, most recently as Chief Executive Officer. In that capacity, he was ultimately responsible for the division's operations and played an active role in multiple acquisitions. Based on the foregoing, Mr. Hughes is experienced with financial and investment matters.

**John F. Killian.** Mr. Killian has served as a Class III Trustee of the Fund since 2021. Mr. Killian is retired. Mr. Killian is a member of the Board of Directors of Consolidated Edison, Inc., a utility holding company, where he serves as Chair of the Audit Committee and as a member of the Corporate Governance and Nominating, and Management Development and Compensation Committees. Formerly, he was a member of the Board of Directors of Houghton Mifflin Harcourt Publishing Company, where he served as Chair of the Audit Committee and a member of the Compensation Committee. Previously, Mr. Killian worked for 31 years at Verizon Communications, Inc. and predecessor companies, most recently as Executive Vice President and Chief Financial Officer. Based on the foregoing, Mr. Killian is experienced with accounting, financial and investment matters.

**Steven D. Krichmar.** Mr. Krichmar has served as a Class III Trustee of the Fund since 2021. Mr. Krichmar is retired. He previously worked for fifteen years at Putnam Investments, LLC, a financial services company. Most recently, he served as Chief of Operations and a member of the Operating Committee of Putnam Investments, LLC. He was also involved in the governance of The Putnam Funds, serving as Principal Financial Officer. Before joining Putnam, Mr. Krichmar worked for PricewaterhouseCoopers LLP and its predecessor company for 20 years, most recently as Audit Partner and Investment Management Industry Leader (Assurance) for the northeast U.S. region. Currently, Mr. Krichmar is a member of the Board of Trustees of Boston Children's Hospital, where he serves as Chairman of the Audit & Compliance Committee, the Co-Chairman of the Finance Committee, a member of the Executive Committee and the Technology and Innovation Committee, and a member of the Physicians' Organization Board. He is also a member of the Board of Directors of The Risk Management Foundation of the Harvard Medical Institutions, a member of the Board of Trustees of Boys & Girls Clubs of Boston, a member of the Board of Directors of the Combined Jewish Philanthropies, and a member of the Board of Advisors of the University of North Carolina Kenan-Flagler Business School. Based on the foregoing, Mr. Krichmar is experienced with accounting, financial and investment matters.

**Linda A. Lang.** Ms. Lang has served as a Class II Trustee of the Fund since 2016. Ms. Lang is retired. Ms. Lang was formerly Chair of the Board of Directors of WD-40 Company, a global consumer products company, where she served on the Compensation and Finance Committees. Ms. Lang also previously held several senior management positions at Jack in the Box, Inc., a restaurant company listed on The NASDAQ Stock Market, where she worked for 30 years, most recently as Chairman and Chief Executive Officer. Over that time, she was involved in the areas of strategic planning, capital structure and deployment, and enterprise risk management. Based on the foregoing, Ms. Lang is experienced with financial and investment matters.

**Michael Latham.** Mr. Latham has served as a Class I Trustee of the Fund since 2015. Mr. Latham is retired. Mr. Latham has been designated as the Board's "audit committee financial expert" given his extensive accounting and finance experience. He currently serves as Chief Operating Officer and Director of FinTech

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Evolution Acquisition Group, a special purpose acquisition company established for the purpose of completing a business combination with a private company. Previously, Mr. Latham held several senior management positions for 15 years with the iShares exchange-traded fund business owned by BlackRock, Inc. and previously owned by Barclays Global Investors, most recently as Chairman and Global Head of the business. In that capacity he was one of the lead executives responsible for the growth of the business. He was also involved in governance of the iShares funds, serving initially as Principal Financial Officer and later as President and Principal Executive Officer and a member of the Board of Directors. Mr. Latham is a certified public accountant, and before joining Barclays Global Investors, he worked at Ernst and Young for over five years. Based on the foregoing, Mr. Latham is experienced with accounting, financial and investment matters.

**Lawrence W. Stranghoener.** Mr. Stranghoener has served as a Class III Trustee of the Fund since 2015 and was formerly Chairman of the Board of Trustees from 2017 to 2022. Mr. Stranghoener is retired. Mr. Stranghoener is Chairman of the Board of Directors of Kennametal, Inc., a global manufacturer and distributor of tooling and industrial materials. Previously, he was a member of the Board of Directors of Aleris Corporation and Aleris International, Inc., which provided aluminum rolled products and extrusions, aluminum recycling, and specification alloy production, where he served as Chair of the Audit Committee and also served on the Compensation Committee. Mr. Stranghoener also held several senior management positions at Mosaic Company, a fertilizer manufacturing company, where he worked for 10 years, most recently as Interim Chief Executive Officer, Executive Vice President and Chief Financial Officer. As Executive Vice President and Chief Financial Officer at Mosaic Company, Mr. Stranghoener implemented public company processes, policies and performance standards to transition the company from private to public ownership and oversaw the company's controller, treasury, tax, investor relations, strategy and business development, and internal audit functions. He also led the integration of Mosaic Company with IMC Global, Inc. during their merger. Previously, Mr. Stranghoener served for three years as Executive Vice President and Chief Financial Officer for Thrivent Financial, a non-profit, financial services organization and Techies.com, an internet-based professional services company. Mr. Stranghoener also held several senior management positions at Honeywell International, Inc. where he worked for 17 years, most recently as Vice President and Chief Financial Officer. Based on the foregoing, Mr. Stranghoener is experienced with financial and investment matters.

**James A. McNamara.** Mr. McNamara has served as a Class II Trustee and President of the Goldman Sachs MLP and Energy Renaissance Fund since 2014. He has also served as a Trustee and President of the Goldman Sachs Fund Complex since 2007 and has served as an officer of the Goldman Sachs Fund Complex since 2001. Mr. McNamara is an Advisory Director to Goldman Sachs. Prior to retiring as Managing Director at Goldman Sachs in 2017, Mr. McNamara was head of Global Third Party Distribution at GSAM and was previously head of U.S. Third Party Distribution. Prior to that role, Mr. McNamara served as Director of Institutional Fund Sales. Prior to joining Goldman Sachs, Mr. McNamara was Vice President and Manager at Dreyfus Institutional Service Corporation. Based on the foregoing, Mr. McNamara is experienced with financial and investment matters.

**Information Concerning Meetings of Trustees and Standing Board Committees** 

The Trustees held eight meetings during the fiscal year ended November 30, 2022. No Trustee attended fewer than seventy-five percent of the meetings held by the Board or by any committee of which he or she was a member while he or she was a Trustee during such year. None of the Trustees attended the 2022 Annual Meeting of Shareholders.

The Board has established five standing committees in connection with their governance of the Fund – Audit, Governance and Nominating, Compliance, Board Valuation and Contract Review.

***Audit Committee***

The Audit Committee oversees the audit process and provides assistance to the Board in fulfilling its responsibilities in overseeing financial reporting. The Audit Committee also assists its Board with the oversight

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of the Fund's compliance with regulatory requirements that relate to the Fund's accounting and financial reporting, internal control over financial reporting and independent audits. The Committee has been established by and among the Trustees for the purpose of, among other things, assisting the Board with oversight of (1) the integrity of the Fund's financial statements, (2) the Fund's compliance with legal and regulatory requirements, (3) the independent auditor's qualifications and independence (in connection with evaluation and selection of the independent auditor), (4) the performance of the Fund's internal audit function and independent auditor, and (5) preparation of the Audit Committee report required to be included in the Fund's proxy statement. All of the Independent Trustees serve on the Audit Committee, and Mr. Latham serves as the Chair of the Audit Committee. None of the members of the Audit Committee has any relationship to the Fund that may interfere with the exercise of his or her independence from management or the Fund, and each is independent as defined under the listing standards of the New York Stock Exchange ("NYSE") applicable to closed-end funds. Michael Latham has been designated as the Board's "audit committee financial expert." The Board has also determined that Ms. Beebe's simultaneous service on the audit committees of Packaging Corporation of America, The Mosaic Company and HanesBrand Inc. does not impair her ability to effectively serve on the Audit Committee. The Audit Committee held five meetings during the fiscal year ended November 30, 2022. The Audit Committee acts according to the Audit Committee charter, a copy of which is attached hereto as <u>Exhibit A</u>.

<u>Audit Committee Report</u> 

The Audit Committee has: (a) reviewed and discussed the Fund's audited financial statements with the management of the Fund; (b) discussed with the independent auditor the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board ("PCAOB") and the SEC; and (c) received the written disclosures and the letter from the independent auditor required by applicable requirements of the PCAOB regarding the independent auditor's communications with the Audit Committee concerning independence, and has discussed with the independent auditor the auditor's independence.

The members of the Audit Committee are not, and do not represent themselves to be, professionally engaged in the practice of auditing or accounting and are not employed by the Fund for accounting, financial management or internal control purposes. Moreover, the Audit Committee relies on and makes no independent verification of the facts presented to it or representations made by management or the Fund's independent auditor. Accordingly, the Audit Committee's oversight does not provide an independent basis to determine that management has maintained appropriate accounting and/or financial reporting principles and policies, or internal controls and procedures designed to assure compliance with accounting standards and applicable laws and regulations. Furthermore, the Audit Committee's considerations and discussions referred to above do not provide assurance that the audit of the Fund's financial statements has been carried out in accordance with the standards of the PCAOB or that the financial statements are presented in accordance with generally accepted accounting principles.

Based on its consideration of the audited financial statements and the discussions referred to above with management and the Fund's independent auditor, and subject to the limitations on the responsibilities and role of the Audit Committee set forth in the charter and those discussed above, the Audit Committee of the Fund recommended to the Board that the Fund's audited financial statements be included in the Fund's Annual Report for the fiscal year ended November 30, 2022.

SUBMITTED BY THE AUDIT COMMITTEE OF THE FUND'S BOARD OF TRUSTEES

Cheryl K. Beebe

Lawrence Hughes

Linda A. Lang

Michael Latham

John F. Killian

Steven D. Krichmar

Lawrence W. Stranghoener

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***Governance and Nominating Committee***

The Governance and Nominating Committee has been established to: (i) assist the Board in matters involving fund governance and industry best practices; (ii) with respect to the selection and nomination of Independent Trustees, satisfying certain regulatory requirements adopted by the SEC; and (iii) advise the Board from time to time on ways to improve its effectiveness. All of the Independent Trustees serve on the Governance and Nominating Committee. The Governance and Nominating Committee held three meetings during the fiscal year ended November 30, 2022. The Governance and Nominating Committee acts pursuant to a written charter, a copy of which is attached hereto as <u>Exhibit B</u>.

In connection with the selection and nomination of candidates to the Board, the Governance and Nominating Committee evaluates the qualifications of candidates for Board membership and their independence from the Fund's investment adviser and other principal service providers. Persons selected as Independent Trustee candidates must be independent under the provisions of the 1940 Act. In this regard, with respect to the Independent Trustee Nominee, the Governance and Nominating Committee considers the effect of any relationships beyond those delineated in the 1940 Act that might impair independence (for example, business, financial or family relationships with the investment adviser or other service providers). Without limiting the foregoing, the Governance and Nominating Committee considers, among other criteria, a candidate's: (i) experience in business, financial or investment matters or in other fields of endeavor; (ii) financial literacy and/or whether he or she is an "audit committee financial expert" as defined in Item 3 of Form N-CSR; (iii) reputation; (iv) ability to attend scheduled Board and committee meetings; (v) general availability to attend to Board business on short notice; (vi) actual or potential business, family or other conflicts bearing on either the candidate's independence or the business of the Fund; (vii) length of potential service; (viii) commitment to the representation of the interests of the Fund and its shareholders; (ix) commitment to maintaining and improving Trustee skills and education; and (x) experience in corporate governance and best business practices. The Governance and Nominating Committee will also consider the diversity of the Board's composition as part of the selection and nomination process. In considering the selection and nomination of the Independent Trustee candidate, it is expected that the Governance and Nominating Committee will consult with the Interested Trustee of the Fund and such other persons as the Governance and Nominating Committee deems appropriate.

While the Governance and Nominating Committee is solely responsible for the selection and nomination of the Fund's Trustees, the Governance and Nominating Committee shall review and consider nominations for the office of Trustee made by management and by Fund shareholders who have sent nominations (which includes the information required by the Fund's By-Laws) to the Secretary of the Fund, as the Trustees deem appropriate. Nominee recommendations should be submitted to the Fund at its mailing address stated in the Fund's prospectus and should be directed to the attention of the Fund's Governance and Nominating Committee. The Fund will furnish, without charge, a copy of its By-Laws to any Shareholder requesting such By-Laws. Requests for the Fund's By-Laws should be made in writing to the Fund, c/o Goldman Sachs Funds, P.O. Box 806395, Chicago, Illinois 60680-4125.

***Board Valuation Committee***

The Board Valuation Committee, which is composed of Ms. Beebe, Mr. Latham and Mr. McNamara, has been established for the purpose of reviewing valuation matters requiring prompt notification from the valuation designee in accordance with the valuation procedures approved by the Trustees. The Committee will not have regular, standing meetings. The Board Valuation Committee was established on December 2, 2022 and thus did not meet during the fiscal year ended November 30, 2022.

***Compliance Committee***

The Compliance Committee has been established for the purpose of overseeing the compliance processes: (i) of the Fund; and (ii) insofar as they relate to services provided to the Fund, of the Fund's investment adviser,

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principal underwriter, administrator (if any), and transfer agent, except that compliance processes relating to the accounting and financial reporting processes, and certain related matters, are overseen by the Fund's Audit Committee. In addition, the Compliance Committee provides assistance to the full Board with respect to compliance matters. All of the Independent Trustees serve on the Compliance Committee. The Compliance Committee held five meetings during the fiscal year ended November 30, 2022.

***Contract Review Committee***

The Contract Review Committee has been established for the purpose of overseeing the processes of the Board for reviewing and monitoring performance under the Fund's investment management, transfer agency, and certain other agreements with the Fund's investment adviser and its affiliates. The Contract Review Committee is also responsible for overseeing the Board's processes for considering and reviewing performance under the operation of the Fund's service, shareholder administration and other plans, and any agreements related to the plans. The Contract Review Committee also provides appropriate assistance to the Board in connection with the Board's approval, oversight and review of the Fund's other service providers including, without limitation, the Fund's custodian/accounting agent, sub-transfer agents, professional (legal and accounting) firms and printing firms. All of the Independent Trustees serve on the Contract Review Committee. The Contract Review Committee held four meetings during the fiscal year ended November 30, 2022.

**Shareholder Communications** 

Shareholders may send communications to the Board. Shareholders should send written communications intended for the Board by addressing the communication to the individual Trustee, c/o Goldman Sachs Funds, P.O. Box 806395, Chicago, Illinois 60680-4125.

**Risk Oversight** 

The Board is responsible for the oversight of the activities of the Fund, including oversight of risk management. Day-to-day risk management with respect to the Fund is the responsibility of GSAM, or other service providers (depending on the nature of the risk) subject to supervision by GSAM. The risks of the Fund include, but are not limited to, investment risk, compliance risk, operational risk, reputational risk, credit risk and counterparty risk. Each of GSAM and the other service providers have their own independent interest in risk management and their policies and methods of risk management may differ from the Fund and each other's in the setting of priorities, the resources available or the effectiveness of relevant controls. As a result, the Boards recognize that it is not possible to identify all of the risks that may affect the Fund or to develop processes and controls to eliminate or mitigate their occurrence or effects, and that some risks are simply beyond the control of the Fund or GSAM, its affiliates or other service providers.

The Board effectuates its oversight role primarily through regular and special meetings of the Board and Board committees. In certain cases, risk management issues are specifically addressed in presentations and discussions. For example, GSAM has an independent dedicated Market Risk Group that assists GSAM in managing investment risk. Representatives from the Market Risk Group regularly meet with the Board to discuss their analysis and methodologies. In addition, investment risk is discussed in the context of regular presentations to the Board on Fund strategy and performance. Other types of risk are addressed as part of presentations on related topics (e.g. compliance policies) or in the context of presentations focused specifically on one or more risks. The Board also receives reports from GSAM management on operational risks, reputational risks and counterparty risks relating to the Fund.

Board oversight of risk management is also performed by various Board committees. For example, the Audit Committee meets with both the Fund's Management and GSAM's internal audit group to review risk controls in place that support the Fund as well as test results, and the Compliance Committee meets with the Chief Compliance Officer and representatives of GSAM's compliance group to review testing results of the

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Fund's compliance policies and procedures and other compliance issues. Board oversight of risk is also performed as needed between meetings through communications between GSAM and the Board. The Board may, at any time and in its discretion, change the manner in which it conducts risk oversight. The Board's oversight role does not make the Board a guarantor of the Fund's investments or activities.

**Board Compensation** 

Each Independent Trustee is compensated with an annual fee for his or her services as a Trustee of the Fund and as a member of the Fund's Governance and Nominating Committee, Compliance Committee, Contract Review Committee and Audit Committee. The Chair and "audit committee financial expert" receive additional compensation for their services. The Independent Trustees are also reimbursed for travel expenses incurred in connection with attending meetings. The Fund may also pay the incidental costs of a Trustee to attend training or other types of conferences relating to the investment company industry.

The following table sets forth certain information with respect to the compensation of each Trustee of the Fund for the fiscal year ended November 30, 2022:

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| | | | |
|:---|:---|:---|:---|
| **Name of Trustee** | **Goldman Sachs<br>MLP and Energy<br>Renaissance<br>Fund** | **Pension or<br>Retirement<br>Benefits Accrued as<br>Part of the Fund's<br>Expenses** | **Total Compensation<br>From Fund Complex<br>(including the Fund)<sup>(5)</sup>** |
|  Cheryl K. Beebe<sup>(1),(2)</sup> | $6368 |  | $329647 |
|  Lawrence Hughes<sup>(1)</sup> | $5091 |  | $263668 |
|  John F. Killian<sup>(1)</sup> | $5122 |  | $265380 |
|  Steven D. Krichmar<sup>(1)</sup> | $5091 |  | $263668 |
|  Linda A. Lang | $4982 |  | $257677 |
|  Michael Latham<sup>(4)</sup> | $5573 |  | $288217 |
|  Lawrence W. Stranghoener<sup>(2)</sup> | $5068 |  | $262385 |
|  James A. McNamara<sup>(3)</sup> |  |  |  |

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1 Ms. Beebe and Messrs. Hughes, Killian, and Krichmar began serving as Trustees of the Trust effective December 3, 2021.

2 Includes compensation as Board Chair.

3 Mr. McNamara is an Interested Trustee, and as such, receives no compensation from the Fund or the Goldman Sachs Fund Complex.

4 Includes compensation as "audit committee financial expert," as defined in Item 3 of Form N-CSR.

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| | |
|:---|:---|
| 5 | The Goldman Sachs Fund Complex includes certain other companies listed above for each respective Trustee. As of February 1, 2023, Goldman Sachs MLP and Energy Renaissance Fund consisted of one portfolio; Goldman Sachs Trust consisted of 88 portfolios (87 of which offered shares to the public); Goldman Sachs Variable Insurance Trust consisted of 15 portfolios (12 of which offered shares to the public); Goldman Sachs Trust II consisted of 18 portfolios (7 of which offered shares to the public); Goldman Sachs ETF Trust consisted of 46 portfolios (29 of which offered shares to the public); Goldman Sachs ETF Trust II consisted of 2 portfolios (1 of which offered shares to the public); and Goldman Sachs Credit Income Fund and Goldman Sachs Real Estate Diversified Income Fund each consisted of one portfolio. Goldman Sachs Credit Income Fund did not offer shares to the public.  |

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**NOMINEE/TRUSTEE OWNERSHIP OF FUND SHARES** 

The following table shows the dollar range of shares beneficially owned by each Nominee/Trustee in the investment portfolios of the Fund and the Goldman Sachs Fund Complex as of December 31, 2022:

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| | | |
|:---|:---|:---|
| **Name of Nominee/Trustee** | **Dollar Range of Equity**<br>**Securities in the Fund<sup>(1)</sup>** | **Aggregate Dollar Range of<br>Equity Securities in All<br>Portfolios in Fund<br>Complex Overseen By<br>Nominee/Trustee** |
|  **<u>Independent Trustee/Nominee</u>** |  |  |
|  Cheryl K. Beebe | $0 | Over $100,000 |
|  Lawrence Hughes | $0 | Over $100,000 |
|  John F. Killian | $0 | Over $100,000 |
|  Steven D. Krichmar | $0 | Over $100,000 |
|  Linda A. Lang | Over $100,000 | Over $100,000 |
|  Michael Latham | $10001 – $50000 | Over $100,000 |
|  Lawrence W. Stranghoener | Over $100,000 | Over $100,000 |
|  **<u>Interested Trustee/Nominee</u>** |  |  |
|  James A. McNamara | $10001 – $50000 | Over $100,000 |

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(1) Includes the value of shares beneficially owned by each Nominee/Trustee in the Fund.

As of December 31, 2022, the Nominees, Trustees and Officers of the Fund as a group owned less than 1% of the outstanding shares of beneficial interest of the Fund.

**THE TRUSTEES UNANIMOUSLY RECOMMEND THAT YOU VOTE IN FAVOR OF THE NOMINEES LISTED ABOVE.** 

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**OFFICERS OF THE FUND** 

The following table sets forth the names of the Fund's officers and their ages, terms of office, including length of time served as officer, and principal occupations for the past five years. As a result of the responsibilities assumed by the Fund's investment adviser, custodian and distributor, the Fund has no employees. The Fund's officers do not receive any compensation from the Fund for serving as such.

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| | | | |
|:---|:---|:---|:---|
| **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** |
| **Name, Age And Address** | **Position(s) Held**<br> **With the Fund** | **Term of Office<br>and Length of<br>Time Served<sup>1</sup>** | **Principal Occupation(s) During Past 5 Years** |
| James A. McNamara<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 60 | Trustee and<br> President | Since 2014 | Advisory Director, Goldman Sachs (January 2018 – Present); Managing Director, Goldman Sachs (January 2000 – December 2017); Director of Institutional Fund Sales, GSAM (April 1998 – December 2000); and Senior Vice President and Manager, Dreyfus Institutional Service Corporation (January 1993 – April 1998).<br>President and Trustee—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Joseph F. DiMaria<br> 30 Hudson Street<br> Jersey City, NJ<br> 07302<br> Age: 54 | Treasurer, Principal Financial Officer and Principal Accounting Officer | Since 2017 (Treasurer and Principal Financial Officer since 2019) | Managing Director, Goldman Sachs (November 2015 – Present) and Vice President – Mutual Fund Administration, Columbia Management Investment Advisers, LLC (May 2010 – October 2015).<br>Treasurer, Principal Financial Officer and Principal Accounting Officer—Goldman Sachs MLP and Energy Renaissance Fund (previously Assistant Treasurer (2017)); Goldman Sachs Trust (previously Assistant Treasurer (2016)); Goldman Sachs Variable Insurance Trust (previously Assistant Treasurer (2016)); Goldman Sachs Trust II (previously Assistant Treasurer (2017)); Goldman Sachs ETF Trust (previously Assistant Treasurer (2017)); Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Julien Yoo<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 51 | Chief Compliance Officer | Since 2016 | Managing Director, Goldman Sachs (January 2020–Present); Vice President, Goldman Sachs (December 2014–December 2019); and Vice President, Morgan Stanley Investment Management (2005–2010).<br>Chief Compliance Officer—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs BDC, Inc.; Goldman Sachs Private Middle Market Credit LLC; Goldman Sachs Private Middle Market Credit II LLC; Goldman Sachs Middle Market Lending Corp.; Goldman Sachs Middle Market Lending LLC II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |

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| | | | |
|:---|:---|:---|:---|
| **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** |
| **Name, Age And Address** | **Position(s) Held**<br> **With the Fund** | **Term of Office<br>and Length of<br>Time Served<sup>1</sup>** | **Principal Occupation(s) During Past 5 Years** |
| Peter W. Fortner 30 Hudson Street Jersey City, NJ<br> 07302<br> Age: 65 | Assistant Treasurer | Since 2014 | Vice President, Goldman Sachs (July 2000–Present); Principal Accounting Officer and Treasurer, Commerce Bank Mutual Fund Complex (2008–Present); Treasurer of Goldman Sachs Philanthropy Fund (2019–Present); and Treasurer of Ayco Charitable Foundation (2020–Present).<br>Assistant Treasurer—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Allison Fracchiolla<br> 30 Hudson Street<br> Jersey City, NJ<br> 07302<br> Age: 39 | Assistant Treasurer | Since 2021 | Vice President, Goldman Sachs (January 2013–Present).<br>Assistant Treasurer—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund. |
| Tyler Hanks<br> 222 S. Main St<br> Salt Lake City, UT<br> 84101<br> Age: 40 | Assistant Treasurer | Since 2019 | Vice President, Goldman Sachs (January 2016 — Present); and Associate, Goldman Sachs (January 2014 — January 2016).<br>Assistant Treasurer—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Kirsten Frivold Imohiosen<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 52 | Assistant Treasurer | Since 2019 | Managing Director, Goldman Sachs (January 2018 – Present); and Vice President, Goldman Sachs (May 1999 – December 2017).<br>Assistant Treasurer—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs BDC, Inc.; Goldman Sachs Private Middle Market Credit LLC; Goldman Sachs Private Middle Market Credit II LLC; Goldman Sachs Middle Market Lending Corp.; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Steven Z. Indich<br> 30 Hudson Street<br> Jersey City, NJ<br> 07302<br> Age: 53 | Assistant Treasurer | Since 2019 | Vice President, Goldman Sachs (February 2010 – Present).<br>Assistant Treasurer—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; |

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| | | | |
|:---|:---|:---|:---|
| **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** |
| **Name, Age And Address** | **Position(s) Held**<br> **With the Fund** | **Term of Office<br>and Length of<br>Time Served<sup>1</sup>** | **Principal Occupation(s) During Past 5 Years** |
|  |  |  | Goldman Sachs BDC, Inc.; Goldman Sachs Private Middle Market Credit LLC; Goldman Sachs Private Middle Market Credit II LLC; Goldman Sachs Middle Market Lending Corp.; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Carol Liu<br> 30 Hudson Street<br> Jersey City, NJ<br> 07302<br> Age: 48 | Assistant Treasurer | Since 2019 | Vice President, Goldman Sachs (October 2017 – Present); Tax Director, The Raine Group LLC (August 2015 – October 2017); and Tax Director, Icon Investments LLC (January 2012 – August 2015).<br>Assistant Treasurer—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs BDC, Inc.; Goldman Sachs Private Middle Market Credit LLC; Goldman Sachs Private Middle Market Credit II LLC; Goldman Sachs Middle Market Lending Corp.; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Christopher Bradford<br> 200 West Street<br> New York, NY 10282<br> Age: 41 | Vice President | Since 2020 | Vice President, Goldman Sachs (January 2014–Present).<br>Vice President—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Anney Chi<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 39 | Vice President | Since 2022 | Vice President, Goldman Sachs (2014–Present).<br>Vice President—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund. |
| TP Enders<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 54 | Vice President | Since 2021 | Managing Director, Goldman Sachs (January 2012–Present); Vice President, Goldman Sachs (April 2004–December 2011)<br>Vice President—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |

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| | | | |
|:---|:---|:---|:---|
| **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** | **Officers of the Fund** |
| **Name, Age And Address** | **Position(s) Held**<br> **With the Fund** | **Term of Office<br>and Length of<br>Time Served<sup>1</sup>** | **Principal Occupation(s) During Past 5 Years** |
| Michael Twohig<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 57 | Vice President | Since 2019 | Vice President, Goldman Sachs (2014 – Present).<br>Vice President—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Caroline L. Kraus<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 45 | Secretary | Since 2014 | Managing Director, Goldman Sachs (January 2016–Present); Vice President, Goldman Sachs (August 2006–December 2015); Senior Counsel, Goldman Sachs (January 2020–Present); Associate General Counsel, Goldman Sachs (2012–December 2019); Assistant General Counsel, Goldman Sachs (August 2006–December 2011); and Associate, Weil, Gotshal & Manges, LLP (2002–2006).<br>Secretary—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust (previously Assistant Secretary (2012)); Goldman Sachs Variable Insurance Trust (previously Assistant Secretary (2012)); Goldman Sachs Trust II; Goldman Sachs BDC, Inc.; Goldman Sachs Private Middle Market Credit LLC; Goldman Sachs Private Middle Market Credit II LLC; Goldman Sachs Middle Market Lending Corp.; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; Goldman Sachs Credit Income Fund; and Goldman Sachs Real Estate Diversified Income Fund. |
| Robert Griffith<br> 200 West Street<br> New York, NY<br> 10282<br> Age: 48 | Assistant Secretary | Since 2022 | Managing Director, Goldman Sachs (September 2022 – Present); General Counsel, Exchange Traded Concepts, LLC (October 2021 – September 2022); Vice President, Goldman Sachs (August 2011 – October 2021); Associate General Counsel, Goldman Sachs (December 2014 – Present); Assistant General Counsel, Goldman Sachs (August 2011 – December 2014); Vice President and Counsel, Nomura Holding America, Inc. (2010 – 2011); and Associate, Simpson Thacher & Bartlett LLP (2005 – 2010).<br>Assistant Secretary—Goldman Sachs MLP and Energy Renaissance Fund; Goldman Sachs Trust; Goldman Sachs Variable Insurance Trust; Goldman Sachs Trust II; Goldman Sachs ETF Trust; Goldman Sachs ETF Trust II; and Goldman Sachs Real Estate Diversified Income Fund. |

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<sup>1</sup> Officers hold office at the pleasure of the Board until the next election of officers or until his or her successor is chosen and qualified or in each case, until his or her sooner death, retirement, resignation or removal from office. Each officer holds comparable positions with certain other companies of which Goldman Sachs, GSAM or an affiliate thereof is the investment adviser, administrator and/or distributor. 

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**INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS** 

At a meeting of the Board held on December 2, 2022, the Audit Committee selected and recommended, and the Board, including a majority of the Independent Trustees, approved, the selection of PricewaterhouseCoopers LLP to act as independent registered public accountant for the Fund for the fiscal year ending November 30, 2022.

Representatives of PricewaterhouseCoopers LLP are expected to be present at the Meeting and will be available to respond to appropriate questions from shareholders if necessary. Representatives of PricewaterhouseCoopers LLP will be given the opportunity to make statements at the Meeting, if they so desire.

**Audit Fees** 

The aggregate fees billed by PricewaterhouseCoopers LLP for professional services for the audit of the annual financial statements for the Fund's fiscal years ended November 30, 2021 and November 30, 2022 were $66,300 and $68,563, respectively.

Fees included in the audit fees category are those associated with the annual audits of financial statements and services that are normally provided in connection with statutory and regulatory filings.

**Audit-Related Fees** 

The aggregate audit-related fees billed by PricewaterhouseCoopers LLP to the Fund for the fiscal years ended November 30, 2021 and November 30, 2022 were $1,531 and $10,300, respectively.

Audit-related fees are for any services rendered to the Fund that are reasonably related to the performance of the audits of the financial statements (but not reported as audit fees above). These services include attestation services that are not required by statute or regulation and consultations concerning financial accounting and reporting standards.

The aggregate audit-related fees billed by PricewaterhouseCoopers LLP to GSAM and any entity controlling, controlled by, or under common control with GSAM, that provides ongoing services to the Fund, for engagements directly related to the Fund's operations and financial reporting, for the fiscal years ended November 30, 2021 and November 30, 2022, was $1,356,748 and $1,345,890, respectively. These amounts represent fees PricewaterhouseCoopers LLP billed to GSAM for services related to the SSAE 16 report and semiannual updates related to withholding tax accrual for non-US jurisdictions.

**Tax Fees** 

The aggregate fees billed by PricewaterhouseCoopers LLP to the Fund for services rendered to the Fund for tax compliance, tax advice and tax planning for the Fund's fiscal years ended November 30, 2021 and November 30, 2022 were $15,000 and $0, respectively.

Fees included in the tax fees category comprise all services performed by professional staff in the independent registered public accountant's tax division except those services related to the audits. This category comprises fees for tax compliance services provided in connection with the preparation and review of the Fund's tax returns.

**All Other Fees** 

No fees were billed by PricewaterhouseCoopers LLP for products and services provided to the Fund, other than the services reported in "Audit Fees," "Audit Related Fees," and "Tax Fees" above, in the Fund's fiscal years ended November 30, 2021 and November 30, 2022.

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No other fees were billed by PricewaterhouseCoopers LLP to GSAM and any entity controlling, controlled by, or under common control with GSAM, that provides ongoing services to the Fund, for engagements directly related to the Fund's operations and financial reporting, in the Fund's fiscal years ended November 30, 2021 and November 30, 2022.

**Aggregate Non-Audit Fees** 

The aggregate non-audit fees billed by PricewaterhouseCoopers LLP to the Fund in the fiscal years ended November 30, 2021 and November 30, 2022 were $16,531 and $10,300, respectively.

The aggregate non-audit fees billed by PricewaterhouseCoopers LLP to GSAM and any entity controlling, controlled by, or under common control with GSAM, that provides ongoing services to the Fund, for engagements directly related to the Fund's operations and financial reporting, for non-audit services for the Fund's fiscal years ended November 30, 2021 and November 30, 2022 were $1,356,748 and $1,345,890, respectively. This includes any non-audit services required to be pre-approved but excludes non-audit services that did not require pre-approval since they did not directly relate to the Fund's operations or financial reporting.

**Pre-Approval of Audit and Non-Audit Services Provided to the Fund** 

The Audit and Non-Audit Services Pre-Approval Policy (the "Policy") adopted by the Audit Committee of the Board of Trustees of the Fund sets forth the procedures and the conditions pursuant to which services performed by an independent auditor for the Fund may be pre-approved. Services may be pre-approved specifically by the Audit Committee as a whole or, in certain circumstances, by the Audit Committee Chair or the person designated as the audit committee financial expert. In addition, subject to specified cost limitations, certain services may be pre-approved under the provisions of the Policy. The Policy provides that the Audit Committee will consider whether the services provided by an independent auditor are consistent with the Securities and Exchange Commission's rules on auditor independence. The Policy provides for periodic review and pre-approval by the Audit Committee of the services that may be provided by the independent auditor.

<u>De Minimis Waiver.</u> The pre-approval requirements of the Policy may be waived with respect to the provision of non-audit services that are permissible for an independent auditor to perform, provided (1) the aggregate amount of all such services provided constitutes no more than five percent of the total amount of revenues subject to pre-approval that was paid to the independent auditors during the fiscal year in which the services are provided; (2) such services were not recognized by the Fund at the time of the engagement to be non-audit services; and (3) such services are promptly brought to the attention of the Audit Committee and approved prior to the completion of the audit by the Audit Committee or by one or more members of the Audit Committee to whom authority to grant such approvals has been delegated by the Audit Committee, pursuant to the pre-approval provisions of the Policy.

<u>Pre-Approval</u> <u>of</u> <u>Non-Audit</u> <u>Services Provided to the Fund's Investment Adviser.</u> The Policy provides that, in addition to requiring pre-approval of audit and non-audit services provided to the Fund, the Audit Committee will pre-approve those non-audit services provided to the Fund's investment adviser (and entities controlling, controlled by or under common control with the investment adviser that provide ongoing services to the Fund) where the engagement relates directly to the operations or financial reporting of the Fund.

The Audit Committee has considered these fees and the nature of the services rendered, and has concluded that they are compatible with maintaining the independence of PricewaterhouseCoopers LLP. The Audit Committee did not approve any of the audit-related, tax, or other non-audit fees described above pursuant to the "*de minimis* exceptions" set forth in Rule 2-01(c)(7)(i)(C) and Rule 2-01(c)(7)(ii) of Regulation S-X. PricewaterhouseCoopers LLP did not provide any audit-related services, tax services or other non-audit services to GSAM or any entity controlling, controlled by or under common control with GSAM that provides ongoing services to the Fund that the Audit Committee was required to approve pursuant to Rule 2-01(c)(7)(ii) of

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Regulation S-X. The Audit Committee considered whether the provision of non-audit services rendered to GSAM and any entity controlling, controlled by, or under common control with GSAM that provides ongoing services to the Fund that were not pre-approved by the Audit Committee because the engagement did not relate directly to the operations and financial reporting of the Fund is compatible with maintaining PricewaterhouseCoopers LLP's independence.

**VOTE REQUIRED FOR THE ELECTION OF THE TRUSTEES AND APPROVAL OF OTHER MATTERS AT THE MEETING** 

A quorum for the transaction of business at the Meeting is established by the presence, in person or by proxy, of holders representing a majority or more of all shares entitled vote at the Meeting, but any lesser number will be sufficient to attain a quorum for the purpose of voting on adjournment (as further detailed below).

Provided a quorum is present, the election of the Nominees of the Fund (the Proposal) shall be decided by a majority of the shares outstanding and entitled to vote thereon present in person or by proxy. Cumulative voting is not permitted. If a proxy card is properly executed and returned accompanied by instructions to withhold authority, the shares represented thereby will be considered to be present at the Meeting for purposes of determining the existence of a quorum, but will not be counted in favor of the Proposal.

Abstentions will be treated as shares that are present, and thereby included for purposes of determining whether a quorum is present at the Meeting, but will not be treated as a vote cast. Abstentions (which are treated as shares present and entitled to vote) will have the same effect as a vote "against" the Proposal.

If at the time the Meeting is called to order a quorum is not present in person or by proxy, or if a quorum is present but sufficient votes in favor of the Proposal have not been received, the Meeting may be adjourned to a later date by the chair of the meeting, or by a vote of shareholders. In the event of a shareholder vote on adjournment, any such adjournment will require the affirmative vote of a majority of the shares of a Fund present in person or by proxy at the session of the Meeting to be adjourned. The persons named as proxies will vote those proxies which they are entitled to vote in favor of the Proposal in favor of such an adjournment, and will vote those proxies required to be voted against the Proposal against any such adjournment. Abstentions effectively will be a vote "against" adjournment. Subject to the foregoing, the Meeting may be adjourned and re-adjourned without further notice to shareholders. However, if, after adjournment, a new record date is fixed for the adjourned meeting, the Secretary or an Assistant Secretary shall give notice of the adjourned meeting to Shareholders of record entitled to vote at such meeting.

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**BENEFICIAL OWNERSHIP OF SHARES** 

To the knowledge of the management of the Fund, the following persons owned beneficially more than 5% of the Fund's outstanding shares at February 1, 2023. This information is based on publicly available Schedule 13D and 13G disclosures filed with the Commission.

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| | | |
|:---|:---|:---|
| **Title of Class** | **Name and Address of Beneficial Owner(s)** | **Percent<br>of<br>Class** |
| GER—Common Shares | Saba Capital Management, L.P.;<br> Boaz R. Weinstein;<br> Saba Capital Management GP,<br>LLC<br>405 Lexington Avenue, 58th Floor<br> New York, NY 10174<br> 846,698 shares with shared<br>voting and dispositive<br>power<sup>(1)</sup> | 5.3% |
| GER—Common Shares | First Trust Portfolios L.P.;<br> First Trust Advisors L.P.;<br> The Charger Corporation<br>120 East Liberty Drive,<br> Suite 400<br> Wheaton, IL 6018<br> 1,564,451 shares with<br>shared dispositive power<sup>(2)</sup> | 9.19% |

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1 Based on a Schedule 13G filed with the SEC on August 4, 2022.

2 Based on a Schedule 13G/A filed with the SEC on January 10, 2023.

**DELINQUENT SECTION 16(a) REPORTS** 

Pursuant to Section 16(a) of the 1934 Act, our Trustees and executive officers, and any persons holding more than 10% of the Fund's common shares, are required to report their beneficial ownership and any changes therein to the SEC and to the Fund. There was one late Section 16(a) filing for the fiscal year ended November 3, 2022, Mr. Hughes' initial statement of beneficial ownership on a Form 3 was filed one day after the time period allowed due to delays in receipt of Mr. Hughes' EDGAR codes from the SEC.

**SHAREHOLDER PROPOSALS** 

Any shareholder who wishes to submit proposals for inclusion in the Fund's proxy materials for a subsequent shareholders meeting should give notice in writing to the Secretary of the Fund, and such proposed business must be a proper matter for action by the Fund's shareholders. For such proposals to be timely for the Fund's 2024 annual meeting, a shareholder's notice must be received by the Secretary at the Fund, c/o Goldman Sachs Asset Management, L.P., 200 West Street, New York, New York, 10282, no earlier than September 10, 2023 and no later than 5:00 p.m., Eastern Time, on October 10, 2022; provided, however, that in the event that the date of the Fund's 2023 annual meeting of shareholders is advanced or delayed by more than 30 days from the date of the preceding year's annual meeting, notice by the shareholder to be timely must be delivered not earlier than the 150<sup>th</sup> day prior to the date of such annual meeting and not later than 5:00 p.m., Eastern Time, on the later of the 120<sup>th</sup> day prior to the date of such annual meeting or the tenth day following the day on which public announcement of the date of such meeting is first made.

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Shareholder proposals that are submitted in a timely manner will not necessarily be included in the Fund's proxy materials or be able to be presented at the 2024 annual meeting of shareholders. Inclusion of such proposals is subject to limitations under the federal securities laws and informational and other requirements of the Fund's current By-Laws, as in effect from time to time.

**ADDITIONAL INFORMATION** 

**Investment Adviser** 

Goldman Sachs Asset Management, L.P.

200 West Street

New York, New York 10282

February 7, 2023

**Shareholders who do not expect to attend the Meeting and who wish to have their shares voted are requested to vote by mail, Internet or telephone. If you choose to vote by mail, please sign and date the enclosed proxy card or voting instruction form and return it in the enclosed envelope. No postage is required if mailed in the United States. If you choose to vote by Internet or telephone, please use the control number on the proxy card or voting instruction form and follow the instructions on the proxy card or voting instruction form. If you have any questions regarding the proxy materials please contact the Fund at 1-866-864-3926.** 

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**EXHIBIT A** 

**Goldman Sachs ETF Trust** 

**Goldman Sachs ETF Trust II** 

**Goldman Sachs MLP and Energy Renaissance Fund** 

**Goldman Sachs Real Estate Diversified Income Fund** 

**Goldman Sachs Trust II** 

**Audit Committee Charter** 

**<u>Organization and Purpose</u>** 

The Board of Trustees (the "Board") of each of Goldman Sachs ETF Trust, Goldman Sachs ETF Trust II, Goldman Sachs MLP and Energy Renaissance Fund, Goldman Sachs Real Estate Diversified Income Fund, Goldman Sachs Trust II (the "Fund") has established an Audit Committee (the "Committee"), comprised of each of the Funds' Independent Trustees. Independent Trustees are those Trustees who meet the independence standards set forth in the Funds' Governance and Nominating Committee Charters and (with respect to Goldman Sachs ETF Trust, Goldman Sachs ETF Trust II, and Goldman Sachs MLP and Energy Renaissance Fund) Rule 10A-3(b)(1)(iii)<sup>1</sup> under the Securities Exchange Act of 1934, as amended (the "1934 Act") and other applicable listing exchange rules, and who do not receive, directly or indirectly, any consulting, advisory or other compensatory fee from the Funds except compensation for service as a member of the Board or a committee of the Board.

The Committee has been established by and among the Trustees for the purpose of, among other things as set forth below, assisting the Board with oversight of (1) the integrity of the Funds' financial statements, (2) the Funds' compliance with legal and regulatory requirements, (3) the independent auditor's qualifications and independence, (4) the performance of the Funds' internal audit function and independent auditor, and (5) (with respect to Goldman Sachs MLP and Energy Renaissance Fund) preparation of the Audit Committee report required to be included in the Fund's proxy statement.

With respect to Goldman Sachs MLP and Energy Renaissance Fund, each member of the Committee must be financially literate, or become financially literate within a reasonable period of time after his or her appointment to the Committee, as such qualification is interpreted by the Funds' Board in its business judgment. The Committee's composition shall meet such other regulatory requirements relating to audit committees established from time to time by the Securities and Exchange Commission ("SEC") and any other applicable governmental entity or self-regulatory organization or law to which the Funds are subject. The Board, with the assistance of the Committee, shall determine whether any member of the Committee is an "audit committee financial expert" ("ACFE")<sup>2</sup> as defined by the applicable regulations of the SEC, and the Board may presume that the ACFE satisfies the financial literacy requirement. The Committee will select one of its members to be its chair. With respect to Goldman Sachs MLP and Energy Renaissance Fund, if a member simultaneously serves on

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<sup>1</sup> In order to be considered to be independent for purposes of Rule 10A-3(b)(i), a member of an audit committee of a listed issuer that is an investment company may not, other than in his or her capacity as a member of the audit committee, the board of trustees, or any other board committee: 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accept directly or indirectly any consulting, advisory, or other compensatory fee from the issuer or any
subsidiary thereof, provided that, unless the rules of the national securities exchange or national securities association provide otherwise, compensatory fees do not include the receipt of fixed amounts of compensation under a retirement plan
(including deferred compensation) for prior service with the listed issuer (provided that such compensation is not contingent in any way on continued service); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Be an "interested person" of the issuer as defined in section 2(a)(19) of the Investment Company Act of
1940. <sup>2</sup> The Board or the Committee will report its determination to Management so that appropriate disclosure can be included in each Fund's annual report consistent with Item 3 of Form N-CSR.

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the audit committees of more than three public companies, the Board must determine that such simultaneous service will not impair the ability of such member to effectively serve on the Committee, and must disclose such determination either on or through the Fund's website, in its annual proxy statement, or in the Fund's annual report.<sup>3</sup>

The Committee will set its agenda and the places and times of its meetings. A majority of the Committee shall constitute a quorum. Except as otherwise required by applicable law, the Committee shall act by a vote of a majority of the Committee members at a Committee meeting, including a meeting held by conference telephone, teleconference or other electronic media or communication equipment, or by written consent of a majority of the Committee members without a meeting. Any written consent or waiver may be provided and delivered to the Committee chair by e-mail, facsimile or other similar electronic mechanism.

**<u>Statement of Policy</u>** 

The Committee shall oversee the audit process and provide assistance to the Board in fulfilling its responsibilities in overseeing financial reporting. The Committee will also assist the Board with the oversight of the Funds' compliance with regulatory requirements that relate to the fund accounting and financial reporting, internal control over financial reporting and independent audits. In so doing, the Committee will endeavor to facilitate free and open means of communication among the Funds' Trustees, independent registered public accounting firm (the "independent auditor"), and management. A primary objective of the Committee is to help set the "tone at the top" for quality financial reporting and a sound system of internal controls over financial reporting. The Committee will regularly report its activities, observations, and recommendations to the Board. The Committee's activities and effectiveness will be assessed periodically and reviewed with the Board.

**<u>Summary of Responsibilities</u>** 

The function of the Committee is oversight. Management of the Funds ("Management") is responsible for the preparation, presentation, and integrity of the Funds' financial statements. Management draws upon different parts of The Goldman Sachs Group, Inc. ("Goldman Sachs") corporate structure in fulfilling this role — the Fund Controllers department (within the Finance Division) and the Operations Division (working in conjunction with GSAM Global Fund Services) are responsible for applying appropriate accounting and financial reporting principles and maintaining policies and internal controls and procedures designed to assure compliance with generally accepted accounting principles (GAAP) and applicable laws and regulations. In fulfilling its role under this Charter, Management also delegates certain functions to the Funds' accounting and tax agents, but remains responsible for those functions. The independent auditor for the Funds is responsible for planning and executing audits consistent with applicable professional standards and in accordance with the terms of the engagement letter(s). The independent auditor will report directly to the Committee. The Committee shall provide for appropriate funding for the payment of compensation to the independent auditor, any other counsel or advisors engaged by the Committee at its discretion, and the ordinary administrative expenses of the Committee as necessary or appropriate in carrying out its duties.

The Committee performs its functions under this Audit Committee Charter on the basis of information provided or representations made to it by the Funds' independent auditor, Management, and/or other service providers, and/or by legal counsel and/or other experts or consultants. Nothing in this Charter is intended to impose, or should be interpreted as imposing, on any member of the Committee (including any member designated as an ACFE) any additional duties or responsibilities over and above those placed on the member in his or her capacity as a Board member of the Funds under applicable federal and state law.

Subject to regulatory mandates, the policies and procedures of the Committee should remain flexible in order to react to changing conditions and to assist the Committee in providing assurance to the Board and shareholders that the Funds' accounting and reporting practices are in accordance with applicable requirements.

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<sup>3</sup> For purposes of this requirement, where a Trustee serves on multiple boards in the same fund complex, such service will be counted as one board.

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The following are the duties and responsibilities of the Committee:

***<u>Primarily Related to the Independent Auditor</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Evaluate and select (subject to ratification by the Board) the Funds' independent auditor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Participate in the selection process and approve the new lead audit partner(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Be responsible for the appointment, compensation, retention and oversight of the work of the independent
auditor engaged (including resolution of disagreements between Management and the auditor regarding financial reporting) for the purpose of rendering or issuing an audit report or performing other audit or attest services for the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. At least annually, obtain and review a report by the independent auditor describing the auditor's internal
quality-control procedures, as well as any material issues raised by the most recent internal quality-control review or peer review of the auditor, or by any inquiry or investigation by governmental or professional authorities, including the Public
Company Accounting Oversight Board ("PCAOB"), within the preceding five years, with respect to one or more independent audits carried out by the auditor, and any steps taken to deal with any such issues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Review and approve the compensation of any advisers employed by the Committee as described herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Evaluate the qualifications, performance and independence (including the process to remain independent) of the
auditor in light of the report identified in Item 3 above and its work throughout the year, as well as the auditor's lead partner, and request an annual representation from the independent auditor regarding its independence under applicable
professional and regulatory standards. As part of its evaluation of the independence of the auditor, the Committee may inquire into and consider the opinions of Management and Internal Audit (or other personnel responsible for the internal audit
function), and may consider such items as: (1) the audit and non-audit services performed by the auditor and related fees; (2) the hiring of partners or employees or former partners or employees of
the auditor by the Funds and its affiliates; (3) whether any non-audit services provided by the auditor to the Funds' investment adviser(s) or any adviser affiliate that provides ongoing services to
the Funds are compatible with maintaining the auditor's independence; (4) the rotation of the auditor's partners who participate in providing auditing services to the Funds and (5) other relationships, if any, between the Funds
and the auditor that may bear on the independence or objectivity of the auditor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. With respect to Goldman Sachs MLP and Energy Renaissance Fund, set policies governing the hiring by entities
within the Funds' Investment Company Complex<sup>4</sup> of any current or former employee of the Funds' independent auditor, and to assess compliance with these policies. These policies provide,
among other things, that no former employee of the independent auditor who was a member of the Funds' audit engagement team may undertake any financial reporting role at the Funds within one year of the date of the commencement of procedures
for a review or audit.

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<sup>4</sup> "Investment company complex" includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Funds and their investment adviser or sponsor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any entity controlling, controlled by or under common control with the investment adviser or sponsor, if the
entity: (i) is an investment adviser or sponsor; or (ii) is engaged in the business of providing administrative, custodian, underwriting or transfer agent services to any investment company, investment adviser or sponsor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any investment company, hedge fund or unregistered fund that has an investment adviser included in the definition
set forth in either of the two bullet points above.

An investment adviser, for these purposes, does not include a sub-adviser whose role is primarily portfolio management and that is subcontracted with or overseen by another investment adviser. Sponsor refers to the sponsor of a unit investment trust.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Meet with the independent auditor and financial and accounting personnel of the Funds to review the scope of
the proposed audits for the current year, the audit procedures to be utilized, and the key risk considerations, and at the conclusion thereof, review the results of such audit, including the independent auditor's opinions on the Funds'
financial statements and any management letters, comments, or recommendations of the independent auditor and consider Management's response to such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Meet, periodically (or more frequently if circumstances dictate), with Management and with the independent
auditor and at least annually with the independent auditor (or more frequently if circumstances dictate) alone and outside the presence of Management personnel in executive session, to discuss any problems or difficulties the independent auditor
encountered in the course of the audit work, including any restrictions on the scope of the independent auditor's activities or access to requested information and any significant disagreements with Management, as well as any other matters that
individually or in the aggregate could be significant to the Funds' financial statements, the effectiveness of internal controls, including internal controls over financial reporting and the audit report(s) of the independent auditor, whether
or not satisfactorily resolved, and Management's response.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. With respect to Goldman Sachs MLP and Energy Renaissance Fund, review and discuss with Management and the
Fund's independent auditor the Fund's audited annual financial statements, including the Fund's disclosure of management's discussion of Fund performance and the effect of regulatory and accounting initiatives, as well as off-balance sheet structures, on the financial statements of the Fund. Review and discuss with Management the Fund's unaudited semi-annual financial statements, including the Fund's disclosure of
management's discussion of Fund performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. With respect to Goldman Sachs MLP and Energy Renaissance Fund, oversee the preparation of the Audit Committee
report required to be included in the Fund's proxy statement for its annual meeting of shareholders (if such meeting is required by law). The report shall indicate whether the Committee has (i) reviewed and discussed the financial
statements with Management; (ii) discussed with the independent auditor the matters required to be discussed by the PCAOB Standard No. 16, as modified or supplemented; and (iii) received written disclosures and the letter from the
independent auditor required by applicable requirements of the PCAOB Ethics and Independence Rule 3526 regarding the independent auditor's communications with the Committee concerning independence, and has discussed with the independent auditor
the auditor's independence. The Committee's report should also indicate whether the Committee, based on its review and its discussions with Management and the independent auditor, recommends to the Board that the financial statements be
included in the Fund's annual report for the last fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Review and discuss with Management and the Funds' independent auditor any major issues regarding
accounting principles and financial statement presentations, including any significant changes in the Funds' selection or application of accounting principles, and major issues as to the adequacy of the Funds' internal controls over
financial reporting and any special audit steps adopted in light of material control deficiencies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. With respect to Goldman Sachs MLP and Energy Renaissance Fund, consider and, if appropriate, recommend to the
Board the publication of the Fund's annual audited financial statements in the Fund's annual report in advance of the printing and publication of the annual report, based on its review and discussions of such annual report with the
independent auditor and Management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Meet (as circumstances dictate) with any certified public accountant and audit firm rendering reports to the
Committee or the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Receive from the Funds' independent auditor timely communications discussing any matters of concern
relating to the Funds' financial statements, including any adjustments to such statements recommended by the auditor, or other results of said audit(s), including matters required to be discussed under the PCAOB Standard No. 16.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Review with financial and accounting personnel and the independent auditor the quality, not just the
acceptability, of accounting principles and financial disclosure practices used or proposed to be used by the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. Review with the independent auditor and financial and accounting personnel the adequacy and effectiveness of
the accounting and financial controls of the Funds, and consider any recommendations for the improvement of the Funds' internal control procedures or particular areas where new or more detailed controls or procedures are desirable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. Review with the independent auditor and financial and accounting personnel the risk of fraud and the adequacy
of internal controls to identify any payments, transactions or procedures that might be deemed fraudulent, illegal or otherwise improper.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. Review with the independent auditor and financial and accounting personnel, issues arising under the valuation
and compliance procedures used for the Funds.

***<u>Primarily Related to Management and/or Internal Audit</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. Review with the financial and accounting personnel the performance of the fund accounting and tax agents in
providing accounting and financial reporting services to the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. Review and discuss with Internal Audit the internal audit function and responsibilities and any scope
restrictions encountered during the execution of internal audit responsibilities, normally on at least an annual basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. Discuss with representatives of Internal Audit the scope and staffing of the internal audit plan to be
performed by Internal Audit as it relates to the Funds' control environment. After the conclusion of these audits, discuss the significant results of the audits and Management's responses thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. With respect to Goldman Sachs MLP and Energy Renaissance Fund, discuss with Management earnings press releases
and review generally the type and presentation of information to be included in earnings press releases. Review any financial information and earnings guidance provided to analysts and rating agencies; however, the Committee need not discuss in
advance each instance in which a listed company may provide earnings guidance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. Review and discuss with Internal Audit its Charter, normally on an annual basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Review and discuss with Internal Audit the adequacy of the Funds' internal controls (including the fraud
risk), at least on an annual basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. Meet with representatives of Internal Audit at least annually in executive session, or more frequently as
circumstances dictate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. Meet at least annually with the Funds' principal financial officer in executive session, or more
frequently as circumstances dictate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. Receive, in accordance with applicable regulations, communications from the Funds' principal executive
officer and principal financial officer, based on their periodic evaluations, regarding: (a) any significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably
likely to adversely affect the Funds' ability to record, process, summarize, and report financial information; and (b) any fraud, whether or not material, that involves Management or other employees who have a significant role in the
Funds' internal control over financial reporting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. Review analyses prepared by Management and/or the independent auditor setting forth significant financial
reporting issues and judgments made in connection with the preparation of the financial statements, including analyses of the effects of alternative GAAP methods on the financial statements.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. Review with Management (and if necessary, the independent auditor) periodically any tax matters or developments
that could affect the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. Review Management's periodic reports concerning any organizational or personnel changes that could affect
the nature or quality of the Funds' accounting, financial reporting and internal controls.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. As the Committee deems appropriate, inquire into the internal control over financial reporting of the
Funds' service providers.

***<u>Other</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. Investigate any circumstance that comes to the attention of the Committee that indicates that any officer,
director or Board member of the Funds or its investment adviser or principal underwriter or distributor, or any person acting under their direction, may have violated applicable regulatory provisions prohibiting: (a) materially false or
misleading statements or omissions in connection with any audit of the Funds' financial statements or the preparation of any document or report required to be filed with a regulatory body; or (b) actions to fraudulently influence, coerce,
manipulate or mislead the Funds' independent auditor in connection with their opining on the Funds' financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34. Review periodically the procedures for the receipt, retention, and treatment of complaints regarding:
(a) accounting, internal controls, or auditing matters relating to the Funds; (b) other legal, compliance, and ethical issues relating to the Funds; and (c) instances of suspected financial statement or other fraud relating to the
Funds. The Committee shall confirm annually whether the procedures provide for the confidential, anonymous submission of concerns regarding questionable accounting or auditing matters by officers and Trustees of the Funds, employees of The Goldman
Sachs Group, Inc. and its affiliates and, as applicable, other persons covered by the procedures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35. Confirm that the Board is engaged in periodic discussions regarding policies with respect to risk assessment
and risk management and guidelines and policies to govern the process by which the Funds' exposure to risk is assessed and managed as well as the Funds' major financial risk exposures and the steps management has taken to monitor and
control such exposures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36. Submit the minutes of all meetings of the Committee to, or discuss the matters discussed at each Committee
meeting with, the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37. Review with the Board any issues that arise with respect to the quality or integrity of the Funds'
financial statements, the Funds' compliance with legal or regulatory requirements, the performance and independence of the independent auditor, or the performance of the Internal Audit function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38. Evaluate the performance of the Committee at least annually, or more frequently if circumstances dictate. Such
evaluation should include a comparison of the performance of the Committee with the requirements of this Charter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39. Review the provisions of this Audit Committee Charter at least annually, or more frequently if circumstances
dictate. This Charter may be amended by a majority of the Independent Trustees.

***<u>Pre-Approval of Audit and Non-Audit Services</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. The Committee will pre-approve, pursuant to pre-approval policies established from time to time by the Committee, all engagements of the Funds' independent auditor that are required to be pre-approved under federal
securities regulations, subject to any de minimis or other exceptions permitted by such regulations.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. The Committee will review with the independent auditor, and financial, accounting and appropriate GSAM
personnel, the controls applied by the independent auditor and Management to assure that all items requiring pre-approval by the Committee are identified and referred to the Committee in a timely fashion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. The Committee may delegate any portion of its authority, including the authority to grant pre-approvals of audit and permitted non-audit services rendered by the Funds' independent auditor, to a subcommittee of one or more members. Any decision of the
subcommittee, including pre-approvals, shall be presented to the full Committee at its next regularly scheduled meeting. The Committee shall communicate any pre-approval made by it or a delegate to Management, who will ensure that the appropriate disclosure is made in the Funds' periodic reports required by Section 13(a) of the Securities Exchange Act of 1934, as amended, and other documents as required
under the federal securities laws.

***<u>Additional Matters</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. The Committee is authorized to investigate any matter brought to its attention within the scope of its duties,
and is authorized to meet with the internal audit or compliance personnel of Management as the Committee deems appropriate in connection with the performance of its responsibilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. The Committee may request to meet with internal legal and compliance personnel, including the Funds' chief
compliance officer. The Committee may also request to meet with entities that provide significant accounting or administrative services to the Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. The Committee is authorized to engage independent counsel and other advisers as it deems necessary to carry out
its duties.

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**EXHIBIT B** 

**<u>Governance and Nominating Committee Charter</u>**

**Goldman Sachs MLP and Energy Renaissance Fund** 

**Organization and Purpose** 

The Board of Trustees (the "Board") of the Goldman Sachs MLP and Energy Renaissance Fund (the "Fund") has established a Governance and Nominating Committee (the "Committee"), comprising all of the Fund's Independent Trustees. "Independent Trustees" are those Trustees who: (a) are independent of the management of Goldman Sachs & Co. LLC; (b) are not "interested persons" of the Fund or any investment adviser or principal underwriter of the Fund within the meaning of Section 2(a)(19) of the Investment Company Act of 1940, as amended (the "1940 Act"); and (c) do not accept any consulting, advisory or other compensatory fee from the Fund except in their capacities as members of the Board or committees thereof (Board and committee members serving the Fund in additional capacities, *e.g.*, as Chairman of the Board or as Audit Committee Financial Expert, may receive additional compensation). The Committee has been established for the following purposes: (1) assisting the Board in matters involving fund governance and industry best practices; (2) with respect to the selection and nomination of Independent Trustees, satisfying certain regulatory requirements adopted by the Securities and Exchange Commission (the "SEC"); and (3) advising the Board from time to time on ways to improve its effectiveness.

**Statement of Policy** 

The mission of the Board is to represent and protect the interests of the Fund and its shareholders. In doing so, the Board has the legal responsibility for overseeing the affairs of the Fund. It is the policy of the Board that in fulfilling its mission and meeting its responsibilities, the Trustees will seek high standards of integrity, commitment and independence of thought and judgment in a manner that is consistent with best practices of fund governance.

**Summary of Responsibilities** 

The Committee will have the following responsibilities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Making recommendations to the Board with respect to the effectiveness of the Board in carrying out its
responsibilities in governing the Fund and overseeing its management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Monitoring the governance policies set forth in the Trustee Charter adopted by the Board, and recommending such
changes to those policies as the Committee deems appropriate from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Making recommendations to the Board regarding its size, structure and composition as well as qualifications for
Board membership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Making recommendations to the Board with respect to the Board's committee structure, committee membership
and chairmanship.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Monitoring the Fund's standards of Trustee independence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Overseeing and reviewing the Board and committee evaluations performed from time to time in accordance with the
Trustee Charter and, based on its review, recommending such actions as the Committee deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Keeping informed of regulatory changes and industry practices relating to fund governance and recommending such
changes as the Committee deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Overseeing the process for setting Independent Trustee compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Overseeing the continuing education of incumbent and new Independent Trustees.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Reviewing periodically the investments made by the Trustees in the Fund pursuant to the policies set forth in
the Trustee Charter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Selecting and nominating candidates for election or appointment as non-interested members of the Board and the retention of such members, as discussed below.

In carrying out its responsibilities under this Governance and Nominating Committee Charter (the "Charter"), the policies and procedures of the Committee should remain flexible in order to best react to changing conditions and to provide assurance to the full Board and shareholders that the Fund's governance practices are in accordance with applicable requirements and are of the highest quality.

The Committee performs its functions under this Charter on the basis of information or advice provided or representations made to it by the management of the Fund, or by service providers, or by legal counsel or other experts or consultants, without independent verification. Nothing in this Charter is intended to impose, or should be interpreted as imposing, on any member of the Committee any additional duties or responsibilities over and above those placed on the member in his or her capacity as a Trustee of the Fund under applicable federal and state law.

**Selection, Nomination and Retention of Independent Trustees** 

The Committee will be responsible for the selection and nomination of the candidates for election or appointment as Independent Trustees of the Fund. In connection with the selection and nomination of candidates to the Board, the Committee will evaluate the qualifications of candidates for Board membership and their independence from the Fund's investment adviser, principal underwriter(s), and other principal service providers. Persons selected must be independent under the provisions of the 1940 Act. The Committee will also consider the effect of any relationships beyond those delineated in the 1940 Act that might impair independence (for example, business, financial or family relationships with the investment adviser or other service providers). Candidates should have the capacity to address financial and legal issues and to exercise reasonable business judgment. Without limiting the foregoing, the Committee will also consider, among other criteria, a candidate's:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) experience in business, financial or investment matters or in other fields of endeavor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) financial literacy and/or whether he or she is an "audit committee financial expert" as defined in
Item 3 of Form N-CSR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) reputation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ability to attend scheduled Board and Committee meetings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) general availability to attend to Board business on short notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) actual or potential business, family or other conflicts bearing on either the candidate's independence or
the business of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) length of potential service;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) commitment to the representation of the interests of the Fund and its shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) commitment to maintaining and improving Trustee skills and education; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) experience in corporate governance and best business practices.

The Committee will also consider the diversity of the Board's composition as part of the selection and nomination process.

In considering the selection and nomination of Independent Trustee candidates, it is expected that the Committee will consult with the interested Trustees and Officers of the Fund and such other persons as the Committee deems appropriate.

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In addition, the Committee shall work to retain high performing Independent Trustees, once elected or appointed as the case may be

While the Committee is solely responsible for the selection and nomination of the Fund's Trustees, the Committee shall review and consider nominations for the office of Trustee made by management and by Trust shareholders who have sent nominations (which include the information required by the Fund's By-Laws) to the Secretary of the Fund, as the Trustees deem appropriate.

**Additional Matters** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. The Committee will meet at such times as it deems appropriate. The Committee will set its agenda and the places
of its meetings. The Committee may meet alone and outside the presence of management personnel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. The Committee will submit the minutes of all of its meetings to, or discuss the matters discussed at each
Committee meeting with, the full Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. The Committee may delegate any portion of its authority to a subcommittee of one or more members. Any decision
of the subcommittee shall be presented to the full Committee at its next regularly scheduled meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. The Committee is authorized to investigate any matter brought to its attention within the scope of its duties,
and is authorized to meet with the compliance personnel of management as the Committee deems appropriate in connection with the performance of its responsibilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. The Committee is authorized to engage independent counsel and other advisers as it deems necessary to carry out
its duties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. The Committee shall provide for appropriate funding, as determined by the Committee, for payment of
compensation to any advisers employed by the Committee as described above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. Except as otherwise provided by the Board or required by applicable law, the Committee shall act by a vote of a
majority of the Committee members at a Committee meeting, including a meeting held by conference telephone, teleconference or other electronic media or communication equipment, or by written consent of all of the Committee members without a meeting.
Any written consent or waiver may be provided and delivered to the Committee chair by e-mail, facsimile or other similar electronic mechanism.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. The Committee will periodically review the provisions of this Governance and Nominating Committee Charter.

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MLPCEFANNPRXYSTMT2023

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| | | |
|:---|:---|:---|
| **GOLDMAN SACHS MLP AND ENERGY RENAISSANCE FUND**<br> **PO Box 43131**<br> **Providence, RI 02940-3131** | **EVERY VOTE IS IMPORTANT**<br>**EASY VOTING OPTIONS:** | **EVERY VOTE IS IMPORTANT**<br>**EASY VOTING OPTIONS:** |
|  | ![LOGO](g455810dsp38a.jpg) | **VOTE ON THE INTERNET**<br> **Log on to:**<br> **www.proxy-direct.com**<br> **or scan the QR code**<br> **Follow the on-screen instructions**<br> ***available 24 hours*** |
|  | ![LOGO](g455810dsp38b.jpg) | **VOTE BY PHONE**<br> **Call 1-800-337-3503**<br> **Follow the recorded instructions**<br> ***available 24 hours*** |
|  | ![LOGO](g455810dsp38c.jpg) | **VOTE BY MAIL**<br> **Vote, sign and date this Proxy**<br> **Card and return in the**<br> **postage-paid envelope** |
|  | ![LOGO](g455810dsp38d.jpg) | **VIRTUAL MEETING**<br> **at the following Website:**<br> **http://www.meetnow.global/MU79PDU**<br> **on March 23, 2023 at 9:30 a.m. Eastern Time**<br> **To Participate in the Virtual Meeting, enter**<br> **the 14-digit control number from the shaded**<br> **box on this card** |

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**Please detach at perforation before mailing.** 

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|:---|:---|
| **PROXY** | **GOLDMAN SACHS MLP AND ENERGY RENAISSANCE FUND**<br> **ANNUAL MEETING OF SHAREHOLDERS**<br> **TO BE HELD ON MARCH 23, 2023** |

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**THIS PROXY IS BEING SOLICITED BY THE BOARD OF TRUSTEES**. The undersigned shareholder(s) of Goldman Sachs MLP and Energy Renaissance Fund, revoking previous proxies, hereby appoints Joseph F. DiMaria and Caroline L. Kraus, or any one of them, true and lawful attorneys with power of substitution of each, to vote all shares of Goldman Sachs MLP and Energy Renaissance Fund which the undersigned is entitled to vote, at the Annual Meeting of Shareholders ("Annual Meeting") to be held virtually at the following Website: **http://www.meetnow.global/MU79PDU** on March 23, 2023, at 9:30 a.m. Eastern Time, at any postponement or any adjournment thereof as indicated on the reverse side of this card, and to otherwise represent the undersigned at the Annual Meeting with all powers possessed by the undersigned if personally present at the Annual Meeting. To participate in the Virtual Meeting enter the 14-digit control number from the shaded box on this card.

**Receipt of the Notice of Annual Meeting and the accompanying Proxy Statement is hereby acknowledged by the undersigned. If this Proxy is executed but no instructions are given, the votes entitled to be cast by the undersigned will be cast "FOR" the Proposal. Additionally, in their discretion, the proxy holders named above are authorized to vote upon such other matters as may properly come before the Annual Meeting or any adjournment or postponement thereof.** 

**VOTE VIA THE INTERNET: www.proxy-direct.com** 

**VOTE VIA THE TELEPHONE: 1-800-337-3503** 

**GER_33132_011923** 

**PLEASE SIGN, DATE AND RETURN THE PROXY PROMPTLY USING THE ENCLOSED ENVELOPE.** 

xxxxxxxxxxxxxx   <u> code </u>

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**EVERY SHAREHOLDER'S VOTE IS IMPORTANT** 

**Important Notice Regarding the Availability of Proxy Materials for the** 

**Goldman Sachs MLP and Energy Renaissance Fund** 

**Shareholders Meeting to Be Held Virtually on March 23, 2023, at 9:30 a.m. (Eastern Time)** 

**The Proxy Statement for this meeting is available at: https://www.proxy-direct.com/gld-33132** 

**IF YOU VOTE ON THE INTERNET OR BY TELEPHONE,** 

**YOU NEED NOT RETURN THIS PROXY CARD** 

**Please detach at perforation before mailing.** 

**TO VOTE MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE:** ☒

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|:---|:---|
| A | **Proposal THE TRUSTEES UNANIMOUSLY RECOMMEND THAT YOU VOTE "FOR" THE NOMINEES FOR TRUSTEES IN THE PROPOSAL.** |

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|:---|:---|:---|:---|:---|:---|
| 1. | To elect two Class II Trustees of the Fund: | To elect two Class II Trustees of the Fund: | FOR ALL | WITHHOLD ALL | FOR ALL EXCEPT |
|  | 01. Linda A. Lang | 02. James A. McNamara | ☐ | ☐ | ☐ |
|  | <u>**INSTRUCTIONS:**</u> To withhold authority to vote for any individual nominee(s), mark the box | <u>**INSTRUCTIONS:**</u> To withhold authority to vote for any individual nominee(s), mark the box |  |  |  |
|  | "FOR ALL EXCEPT" and write the nominee's number on the line provided below. | "FOR ALL EXCEPT" and write the nominee's number on the line provided below. |  |  |  |
| 2. | To transact such other business as may properly come before the Meeting or any adjournment or postponement thereof. | To transact such other business as may properly come before the Meeting or any adjournment or postponement thereof. |  |  |  |

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|:---|:---|
| B | **Authorized Signatures – This section must be completed for your vote to be counted.– Sign and Date Below** |

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|:---|:---|
| Note: | Please sign exactly as your name(s) appear(s) on this proxy card, and date it. When shares are held jointly, each holder should sign. When signing as attorney, executor, guardian, administrator, trustee, officer of corporation or other entity or in another representative capacity, please give the full title under the signature.  |

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|:---|:---|:---|
| **Date (mm/dd/yyyy) – Please print date below** | **Signature 1 – Please keep signature within the box** | **Signature 2 – Please keep signature within the box** |
|  **/ /** | | |

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