Goldman Sachs Short-Term Conservative Income Fund Class R6 Shares GPPSX

The investment seeks to generate current income and secondarily maintain an emphasis on preservation of capital and liquidity. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in short-term, investment grade fixed income securities. The fund may also invest in U.S. dollar-denominated obligations issued or guaranteed by foreign banks, companies and governments or their agencies, authorities, instrumentalities or sponsored enterprises.