Goldman Sachs U.S. Equity Dividend and Premium Fund Class A GSPAX Strategy

The investment seeks to maximize income and total return. The fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) (“Net Assets”) in dividend-paying equity investments in large-cap U.S. issuers. Large-cap issuers are companies with relatively large market capitalizations. Large-cap issuers generally have public stock market capitalizations between $2.8 billion and $4.4 trillion (or above $2.8 billion); however, this capitalization threshold will change over time and with market conditions. The fund is non-diversified.