Investments in securities of MLPs involve risks that differ from investments in common stock, including among others risks related to limited control and limited rights to vote on matters affecting MLPs, potential conflicts of interest risk, cash flow risks, dilution risks and trading risks.The Fund'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. Past performance does not guarantee future results. Please see the Fund’s prospectus for more risk information. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Fund’s investment objective, risks, charges and expenses before investing. The prospectus , which contains this and other information about the Fund, should be read carefully before investing. A copy of the prospectus can be obtained from the Fund’s website by visiting www.goldmansachsfunds.com , by contacting your financial advisor or by calling (855) 807-2742. This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. Compliance code: 115431.MF.MED.OTU 1 Source: International Energy Agency, World Energy Outlook 2012. There is no guarantee that current US energy production is sustainable nor that current production growth will continue. 2 Source: FactSet, September 30, 2013 and United States Department of Labor, December 31, 2012.