Form 497 GOLDMAN SACHS TRUST
GOLDMAN SACHS TRUST
Goldman Sachs Short Duration and Government Fixed Income Funds
Class A, Institutional, Service, Investor, Class R6 and Class P Shares of the
Goldman Sachs High Quality Floating Rate Fund (the Fund)
Supplement dated December 18, 2020 to the
Prospectuses dated July 29, 2020, as supplemented to date (the Prospectuses)
The Funds distributions from net investment income are currently declared daily and paid monthly.
Effective February 1, 2021, the Funds distributions from net investment income will be declared and paid monthly. Distributions from net capital gains, if any, will continue to be declared and paid annually.
This Supplement should be retained with your Prospectuses for future reference.