April 19, 2010
|1.||What is the relationship of the Goldman Sachs Mutual Funds to Goldman Sachs?|
The Goldman Sachs Mutual Funds are separate legal entities from Goldman Sachs. The Funds have hired different service providers, including parts of Goldman Sachs, to provide services to the Funds. For example, the Funds contract with Goldman Sachs Asset Management, L.P. ("GSAM") for advisory services and Goldman, Sachs & Co. ("GS&Co") for distribution services.
The activities of the Funds are generally overseen by a Board that has fiduciary duties, and is accountable, to the shareholders of the Funds, not to Goldman Sachs. Those boards include non-Goldman Sachs directors on them. For the US-based mutual funds, currently three-quarters of the members of the board are independent of Goldman Sachs.
|2.||Who owns the assets of the Goldman Sachs Mutual Funds?|
The assets of each Goldman Sachs mutual fund are owned by that particular Fund, and the Fund itself its owned by its shareholders. The assets of the Fund are not owned directly or indirectly by Goldman Sachs, except to the extent a Goldman Sachs entity owns shares in the Funds like any other shareholder.
A prospectus for the Fund containing more complete information may be obtained from your investment representative or from Goldman, Sachs & Co. Please call 1-800-526-7384 for Goldman Sachs Funds and 1-800-762-5035 for the Goldman Sachs Variable Insurance Trust Funds. Please consider a fund's objectives, risks, and charges and expenses, and read the prospectus carefully before investing. The prospectus contains this and other important information about the Fund.
Shares of the Goldman Sachs VIT Funds are offered to separate accounts of participating life insurance companies for the purpose of funding variable annuity contracts and variable life insurance policies. Shares of the Fund are not offered directly to the general public. The variable annuity contracts and variable life insurance policies are described in the separate prospectuses issued by participating insurance companies. You should refer to those prospectuses for information about surrender charges, mortality and expense risk fees and other charges that may be assessed by participating insurance companies under the variable annuity contracts or variable life insurance policies. Such fees or charges, if any, may affect the return you may realize with respect to your investments. Please contact your insurance carrier for a variable product
prospectus and for the standardized performance data of the variable product.
Opinions expressed are current opinions as of the date appearing in this material only.
Date of First Use: April 19, 2010.
08-13505.MF / EI-231