Goldman Sachs Funds – Closure of Class B Shares
Effective November 2, 2009 (the “Effective Date”), Class B shares of the Goldman Sachs Funds will no longer be available for purchase by new or existing shareholders.
Shareholders who invest in Class B shares prior to the Effective Date may continue to hold their Class B shares until they convert automatically to Class A shares, as described in each Fund’s Prospectus. Class B shareholders may also continue to reinvest dividends and capital gains into their accounts after the Effective Date. Class B shareholders with automatic investment plans into Class B Shares will no longer be able to make automatic investments into Class B shares after the Effective Date. Class B shareholders may continue to exchange their shares for Class B shares of certain other Goldman Sachs Funds after the Effective Date, with the exception of the Enhanced Income Fund, Short Duration Government Fund and Short-Duration Tax-Free Fund, which do not accept exchanges.
Additional purchase requests for a Fund’s Class B shares received by the Funds after the Effective Date will be rejected. Class B shareholders or representatives who wish to purchase an alternative share class of Goldman Sachs Funds will need to provide such instructions to Goldman Sachs (including for automatic investment programs). Goldman Sachs will not automatically invest B share purchases into another share class after the Effective Date. Please note that any purchases into alternative share classes may be subject to additional sales charges, as outlined in the corresponding Fund’s prospectus.
A prospectus supplement containing this information was sent to all impacted shareholders on June 29, 2009. Additional correspondence has been sent to impacted plan sponsors and representatives of certain 401(k) and SIMPLE IRA plans invested in Class B Shares of the Goldman Sachs Funds.
