Date of First Use: January 19, 2008 Goldman Sachs Institutional Liquid Assets Tax-Exempt Diversified Portfolio High Quality Portfolio for Tax Sensitive Investors SEEKS MAXIMUM CURRENT INCOME PROVEN For over 25 years, Goldman Sachs Asset Management has delivered world class cash management solutions to institutional and individual investors worldwide. TAX-SENSITIVE The Portfolio offers tax-aware investors high after-tax returns through an investment in short- term municipal securities. FOCUSED Our intensive research process carefully monitors liquidity, credit and interest rate risk. Total Fund Net Assets (MM) $891.4 7-Day Current Yield - Class I 2.99% Weighted Average Maturity (days) 37 7-Day Effective Yield - Class I 3.04% TOTAL RETURNS AT NAV (%) 0 1 2 3 4 0.79 3 Months 3.13 3.31 YTD 3.28 3.31 1 Year 3.28 2.80 3 Years 2.79 1.97 5 Years 1.98 2.32 10 Years 2.36 3.45 Since Inception 3.3.83 N/A Class I iMoneynet T-F National Instit Average 1 Yr: +3.33% 5 Yrs: +1.87% 10 Yrs: +2.33% Yields and returns represent past performance. Past performance does not guarantee future results. The Portfolio’s investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. Yields and returns will fluctuate as market conditions change. The yield quotations more closely reflect the current earnings of the Portfolio than the total return quotations. Performance reflects cumulative total returns for periods of less than one year and average annual total returns for periods of greater than one year. Since inception returns for periods of less than one year are cumulative. All Fund performance data reflect the reinvestment of distributions. The Quarter-End Total Returns are average annual total returns or cumulative total returns (only if the performance period is one year or less) as of the most recent calendar quarter-end. They assume reinvestment of all distributions at net asset value. The Standardized 7-Day Current Yield and Standardized 7-Day Effective Yield of a fund are calculated in accordance with securities industry regulations and do not include capital gains. “Standardized 7-Day Current Yield” may differ slightly from the actual distribution rate of a given portfolio because of the exclusion of distributed capital gains, which are non-recurring. The “Standardized 7-Day Effective Yield” assumes reinvestment of dividends for one year. An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Portfolio seeks to preserve the value of your investment at $1.00 per unit, it is possible to lose money by investing in the Portfolio. As of 12.31.07 Class I: ITEXX Goldman Sachs Asset Management, the asset management arm of The Goldman Sachs Group, Inc., is among the world’s largest asset managers, with over $737.0 billion in assets under management as of 9.30.07. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Date of First Use: January 19, 2008
Goldman Sachs Institutional Liquid Assets Tax-Exempt Diversified Portfolio
High Quality Portfolio for Tax Sensitive Investors
SEEKS MAXIMUM CURRENT INCOME
PROVEN
For over 25 years, Goldman Sachs
Asset Management has delivered
world class cash management
solutions to institutional and
individual investors worldwide.
TAX-SENSITIVE
The Portfolio offers tax-aware
investors high after-tax returns
through an investment in short-
term municipal securities.
FOCUSED
Our intensive research process
carefully monitors liquidity, credit
and interest rate risk.
Total Fund Net Assets (MM) $891.4 7-Day Current Yield - Class I 2.99%
Weighted Average Maturity (days) 37 7-Day Effective Yield - Class I 3.04%
TOTAL RETURNS AT NAV (%)
0
1
2
3
4
0.79
3 Months
3.13 3.31
YTD
3.28 3.31
1 Year
3.28
2.80
3 Years
2.79
1.97
5 Years
1.982.32
10 Years
2.36
3.45
Since Inception3.3.83
N/A
Class I iMoneynet T-F National Instit Average
1 Yr: +3.33% 5 Yrs: +1.87% 10 Yrs: +2.33%
Yields and returns represent past performance. Past performance does not guarantee future results. The Portfolio’s investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above.Yields and returns will fluctuate as market conditions change. The yield quotations more closely reflect the current earnings of the Portfolio than the total return quotations.
Performance reflects cumulative total returns for periods of less than one year and average annual total returns for periods of greater than one year. Since inception returns for periods of less than one year are cumulative. All Fund performance data reflect the reinvestment of distributions.
The Quarter-End Total Returns are average annual total returns or cumulative total returns (only if the performance period is one year or less) as of the most recent calendar quarter-end. They assume reinvestment of all distributions atnet asset value.
The Standardized 7-Day Current Yield and Standardized 7-Day Effective Yield of a fund are calculated in accordance with securities industry regulations and do not include capital gains. “Standardized 7-Day Current Yield” may differ slightly from the actual distribution rate of a given portfolio because of the exclusion of distributed capital gains, which are non-recurring. The “Standardized 7-Day Effective Yield” assumes reinvestment of dividends for one year.
An investment in the Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Portfolio seeks to preserve the value of your investment at $1.00 per unit, it is possible to lose money by investing in the Portfolio.
As of 12.31.07
Class I: ITEXX
Goldman Sachs Asset
Management, the asset
management arm of The
Goldman Sachs Group, Inc.,
is among the world’s largest
asset managers, with over
$737.0 billion in assets under
management as of 9.30.07.
Founded in 1869, Goldman Sachs
is a leading global investment
banking, securities and
investment management firm.
Date of First Use: January 19, 2008
Goldman Sachs Institutional Liquid Assets Tax-Exempt Diversified Portfolio
Leverage the solid track
record of the Global
Money Market Team
Our team includes 10 professionals with an average of over 10 years of industry experience.
Ranked in the top 3 of the largest global institutional money market fund managers.*
We offer taxable, tax-advantaged, onshore and offshore, and US dollar, Euro and Sterling denominated money market funds.
Beth Anderson
Co-Head; Global Money
Market Team
15 Years of
Investment Experience
Dave Fishman
Co-Head; Global Money
Market Team
19 Years of
Investment Experience
CALENDAR YEAR TOTAL RETURNS (%)
Calendar Year Returns (%) 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
Goldman Sachs Institutional
Liquid Assets Tax-Exempt
Diversified Portfolio3.17 2.89 3.73 2.44 1.11 0.68 0.82 2.02 3.08 3.31
PORTFOLIO COMPOSITION (%)
Variable Rate-Weekly Put 67.5
Commercial Paper 11.7
Variable Rate-Daily Put 8.7
Tax Anticipation Note 5.3
Municipal Put Bonds 2.2
Tax and Revenue Anticipation Note 1.9
Revenue Anticipation Note 1.6
General Obligation Bond 0.8
Revenue Bonds 0.3
FUND YEAR END ASSETS ($MM)
0
500
1,000
1,500
2,000
$2,500
1,891
03
2,197
04
2,145
05
701
06
891
07
Goldman Sachs Institutional Liquid Assets Portfolios offer certain qualified institutional investors three other classes of Units including Administration and Service Units and Cash Management Shares, which are subject to different fees and expenses (which affect performance) and are entitled to different services.
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.
*Source: iMoneyNet, Inc. December 2005, as ranked by assets in domestic and offshore funds.
A prospectus for the Fund containing more complete information may be obtained from your authorized dealer or from Goldman, Sachs Co. by calling 1–800–526–7384. Please consider a fund’s objectives, risks, and charges and expenses, and read the prospectus carefully before investing. The prospectus contains this and other information about the Fund. Visit our Web site www.goldmansachsfunds.com to obtain month-end returns.Please see the glossary of terms. Goldman Sachs Co. is the distributor of the Goldman Sachs Funds.Copyright 2008 Goldman, Sachs & Co. All Rights Reserved. Date of First Use: August 1, 2007 1-08
NOT FDIC-INSURED May Lose Value No Bank Guarantee
Related Documents
