Goldman Liquidates Tax-Exempt Shares
A Prospectus Supplement for the Goldman Sachs Investor Tax-Exempt Money Market Fund states, "At a meeting held on December 12-13, 2023, upon the recommendation of Goldman Sachs Asset Management, L.P., the Board of Trustees of the Goldman Sachs Trust approved, on behalf of the Fund, the termination of each of the Capital, Premier, Select and Cash Management Shares of the Fund. The Termination is expected to occur on or about January 12, 2024 or on such other date as the officers of the Trust determine. Accordingly, effective immediately, in anticipation of the Termination, Capital, Premier, Select and Cash Management Shares of the Fund will no longer be sold to new investors or existing shareholders (except through reinvested dividends) or be eligible for exchanges from other Goldman Sachs Funds. In addition, effective immediately, Capital, Premier, Select and Cash Management Shares of the Fund will be closed to all new accounts. In connection with the Termination, all outstanding shares of the terminating share classes on the Termination Date will be automatically redeemed by the Fund. At any time prior to the Termination Date, shareholders of the terminating share classes may redeem or exchange their shares, as provided in the Prospectuses." The liquidations include: Goldman Sachs Inv Tax-Ex MMF Cap, Goldman Sachs Inv Tax-Ex MMF Cash Mgt, Goldman Sachs Inv Tax-Ex MMF Prem and Goldman Sachs Inv Tax-Ex MMF Sel. For more recent Liquidations, see these Crane Data News articles: "Morgan Stanley Changing T-E to Retail" (1/4/24), "WSJ on Record Cash Sums: Bullish or Not? BlackRock Liquidating CA, NY"(11/28/23), "Morgan Stanley Liquidates Tax-Exempts" (9/21/23), "JPMorgan Liquidates E*Trade Shares" (9/7/23), "Morgan Stanley Latest to Abandon ESG MMFs" (8/16/23), "Goldman Liquidating Resource Shares" (7/19/23), "SSGA to Liquidate State Street ESG Liquid Reserves" (9/19/22), "DWS Liquidating Govt Cash Mgmt Fund" (7/7/22), "Morgan Stanley NY Muni MM Gone" (10/5/20) and "SEC's Blass on Push for More MMF Reforms; Vanguard Liquidating PA, NJ" (9/28/20).
