Goldman Sachs
Financial Square^SMFunds

Financial Square^SM Treasury Solutions Fund - Institutional Shares

Inception Date:02/28/1997

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
A diversified alternative to investing in individual U.S. government and U.S. treasury securities

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 achieve objectives by investing, directly or indirectly, in U.S. government securities and U.S. treasury securities.

Credit Ratings

NAIC capital reserve requirement exempt¹
Standard & Poor's Ratings Service: AAAm²
Moody's Investor Services, Inc.: Aaa³

Portfolio Assets^*
As of 05/31/2022

11,040.80 MM USD

Fund Manager

GSAM Liquidity Solutions Team

Fund Facts

Symbol:	FEDXX
Fund Number:	520
CUSIP:	38142B880

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


U.S. Treasury Repurchase Agreement	73.6
Treasury Debt	26.4

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.

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.

¹The National Association of Insurance Commissions (NAIC) designated this Goldman Sachs Financial Square fund as U.S. Direct Obligations / Full Faith & Credit Exempt and is therefore exempt from NAIC capital reserve requirements

²Definition of Standard & Poor's AAAm rating: Safety is excellent. Superior capacity to maintain principal value and limit exposure to loss.

³Definition 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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