Goldman Sachs
Financial Square^SMFunds

GS Investor Tax-Exempt Money Market Fund - Institutional Shares

Inception Date:07/19/1994

Fund Profile	Fund Performance	Historical Rates [PDF]	Daily Rates [PDF]	Portfolio Holdings [PDF]	Commentary
Fund Fact Card	Daily Market Net Asset Value (MNAV) [PDF]	Weekly Holdings [PDF]	Weekly Country Exposure [PDF]	Country Exposure - Previous Month	Access GLM

Investor Goals

Maximize current income
Preserve capital
Maintain daily liquidity

The Fund pursues these goals by investing exclusively in high-quality money market instruments.

Fund Objective

Seeks to maximize current income, to the extent consistent with the preservation of capital, and maintain liquidity.
Intends to invest in municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies, authorities and instrumentalities, and the District of Columbia.
The Fund can invest up to 20% of its assets in private activity bonds. Currently, the Fund does not intend to invest in AMT securities, and shareholders will be notified as to changes in this policy.

Credit Ratings

NAIC¹ Approved List Class I
Moody's Investor Services, Inc.: Aaa²

Portfolio Assets^*
As of 05/31/2022

1,973.30 MM USD

Fund Manager

GSAM Liquidity Solutions Team

Fund Facts

Symbol:	FTXXX
Fund Number:	477
CUSIP:	38141W182

Portfolio Composition (%) ‐ Information as of 05/31/2022


Variable Rate Demand Note	76.8
Non-Financial Company Commercial Paper	20.8
Other Municipal Debt	1.9
Other Instrument	0.6

Holdings and allocations shown are unaudited, and may not be representative of current or future investments. Holdings and allocations may not include the Fund's entire investment portfolio, which may change at any time. Fund holdings should not be relied on in making investment decisions and should not be construed as research or investment advice regarding particular securities.

Prospectus [PDF]

Semi-Annual Report [PDF]

Annual Report [PDF]

An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Income received from the fund may be subject to alternative minimum tax on state and local taxes.

You agree to receive the following prospectus electronically and to carefully read and agree to its terms before investing or sending money. Please consider a Fund's objectives, risks, charges and expenses before investing. The prospectus contains this and other information about the Fund. If you would like a preprinted copy of the prospectus, please contact a Citibank representative.

¹NAIC is the acronym for the National Association of Insurance Commissioners which lists rated money market funds as eligible investments for insurance companies. Exempt funds do not require a capital reserve; Class 1 funds require insurance companies to set aside a risk-based capital charge when purchasing Class 1 Funds.

²Definition of Moody's Aaa rating: Money Market Funds and Bond Funds rated Aaa are judged to be of an investment quality similar to Aaa-rated fixed income obligations, that is, they are judged to be of the best quality.
Ratings are subject to change and do not imply the elimination of risk.
^*Portfolio Assets figure represents the total assets for all share classes of the Financial Square Treasury Instruments Fund. Goldman Sachs Financial Square Funds^(SM) is a registered service mark of Goldman, Sachs & Co.

Goldman, Sachs & Co., distributor of the Goldman Sachs Money Market Funds, is not a bank, and funds shares distributed by Goldman, Sachs & Co. are not deposits or obligations of, or endorsed or guaranteed by, any bank or other insured depository institution, nor are they insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other government agency. An investment in a mutual fund involves risk, including the possible loss of principal.
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