# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001193125-25-317335
**Filing Date:** 2025-12
**Character Count:** 7583
**Document Hash:** d2f734ceb20490d3e93f9db6f4f8fe1f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-317335.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0001193125-25-317335

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**EFFECTIVENESS DATE**: 20251212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS TRUST
- **CENTRAL INDEX KEY:** 0000822977

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17619
- **FILM NUMBER:** 251567506

**BUSINESS ADDRESS:**
- **STREET 1:** 71  SOUTH WACKER DRIVE
- **STREET 2:** C/O GOLDMAN SACHS & CO
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126554400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19910711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19900104

## Series and Classes Contracts Data

### Goldman Sachs Government Income Fund (Series ID: S000009304)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000025394 | Institutional   | GSOIX           |
| C000025395 | Service         | GSOSX           |
| C000025396 | Class A         | GSGOX           |
| C000025398 | Class C         | GSOCX           |
| C000058953 | Class R         | GSORX           |
| C000058954 | Investor Shares | GSOTX           |
| C000161287 | Class R6 Shares | GSOUX           |
| C000202035 | Class P Shares  | GGTPX           |

**GOLDMAN SACHS TRUST** 

**Goldman Sachs Short Duration, Government and Agency Fixed Income Funds** 

Class A, Class C, Institutional, Service, Investor, Class R, Class R6 and Class P Shares of the

**Goldman Sachs Government Income Fund** 

*Supplement dated December 12, 2025 to the* 

*<u>Prospectuses and Summary Prospectuses, each dated July 29, 2025, as supplemented to date</u>*

The Board of Trustees of the Goldman Sachs Trust ("Board") has approved an Agreement and Plan of Reorganization (the "Plan") which contemplates the reorganization of the Goldman Sachs Government Income Fund (the "Acquired Fund") with and into the Goldman Sachs U.S. Mortgages Fund (the "Surviving Fund" and, together with the Acquired Fund, the "Funds"). Prior to the reorganization, all outstanding Class C Shares will be automatically redeemed by the Acquired Fund. The reorganization was recommended by the Funds' investment adviser, Goldman Sachs Asset Management, L.P. (the "Investment Adviser"), because it believes that the reorganization: (i) would rationalize Funds that have a similar investment objective and were, until the recent introduction of a new category, classified within the same Morningstar category (Intermediate Government); (ii) may provide enhanced opportunities to realize greater efficiencies in the form of lower total operating expenses over time; and (iii) would enable the combined Fund to be better positioned for asset growth. Moreover, the Surviving Fund has lower gross expense and net expense ratios than the Acquired Fund.

Under the terms of the Plan, the Acquired Fund will transfer all of its assets to the Surviving Fund and the Surviving Fund will assume all of the liabilities of the Acquired Fund. Subsequently, the Acquired Fund will be liquidated and shareholders of the Acquired Fund (except Class C Shareholders) will become shareholders of the Surviving Fund. Instead of becoming shareholders of the Surviving Fund, all outstanding Class C Shares will be automatically redeemed by the Acquired Funds. Shareholders of the Acquired Fund will receive shares of the Surviving Fund that are equal in aggregate net asset value to the shares of the Acquired Fund held on the closing date of the reorganization. Shareholders of each class of shares of the Acquired Fund (except for Class C Shares) will receive the corresponding class of the Surviving Fund, as follows:

---

| | | |
|:---|:---|:---|
| **Acquired Fund** |  | **Surviving Fund** |
| Class A | → | Class A |
| Institutional | → | Institutional |
| Service | → | Service |
| Investor | → | Investor |
| Class R | → | Class R |
| Class R6 | → | Class R6 |
| Class P | → | Class P |

---

The reorganization is expected to close on or about February 27, 2026, or on such other date as the parties to the reorganization shall agree. The reorganization is intended to qualify as a tax-free reorganization for federal income tax purposes.

The Board, after careful consideration, unanimously approved the Plan. After considering the recommendation of the Investment Adviser, the Board concluded that: (i) the reorganization is in the best interests of each Fund; and (ii) the interests of the shareholders of each Fund will not be diluted as a result of the reorganization.

Completion of the reorganization is subject to a number of conditions, but shareholders of the Acquired Fund are not required to approve the Plan. Existing Acquired Fund shareholders will receive a combined information statement/prospectus describing in detail both the proposed reorganization and the Surviving Fund and summarizing the Board's considerations in approving the reorganization and Plan.

As of the close of business on December 12, 2025, the Acquired Fund may depart from its stated investment objectives and policies as it prepares to reorganize with and into the Surviving Fund. It is currently expected that a portion of the Acquired Fund's portfolio assets will be sold prior to the consummation of the reorganization, which will result in the Acquired Fund incurring transaction costs. The Acquired Fund does not expect to make taxable gains distributions to its shareholders as a result of the repositioning. Shareholders should contact their tax advisers concerning the tax consequences of the reorganization.

Accordingly, effective immediately, in anticipation of the automatic redemption of Class C Shares of the Acquired Fund will no longer be sold to new investors. Existing Class C shareholders as of December 12, 2025 may continue to purchase shares until close of business on February 23, 2026. All outstanding Class C Shares of the Acquired Fund will be automatically redeemed by on or about February 27, 2026.

After the close of business on January 16, 2026, the Acquired Fund will close to new shareholders. Existing shareholders of the Acquired Fund as of the close of business on January 16, 2026 may continue to purchase shares of, or exchange into, the Acquired Fund until the close of business on February 23, 2026. Additionally, existing shareholders of the Acquired Fund as of the close of business on January 16, 2026 may continue to reinvest dividends and distributions, if any. The Acquired Fund reserves the right to discontinue accepting orders for the purchase of Acquired Fund shares or exchanges into the Acquired Fund at any time prior to February 27, 2026.

Between December 12, 2025 and the effective time of the reorganization, Acquired Fund shareholders may continue to redeem and exchange shares of the Acquired Fund in the manner described in the Acquired Fund's applicable Prospectus under "Shareholder Guide" without the imposition of a Contingent Deferred Sales Charge.

**This Supplement should be retained with your Prospectuses and Summary Prospectuses for future reference.** 

SDFI4OPSSTK 12-25