Goldman Sachs Large Cap Value Fund (GSLIX) Diversifiers

The fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a diversified portfolio of equity investments in large-cap U.S. issuers with public stock market capitalizations within the range of the market capitalization of companies constituting the Russell 1000 Value Index at the time of investment. Although it will invest primarily in publicly traded U.S. securities, the fund may invest in foreign securities including securities of issuers in countries with emerging markets or economies and securities quoted in foreign currencies.