GOLDMAN SACHS INSTITUTIONAL LIQUID ASSETS TREASURY INSTRUMENTS PORTFOLIO

Fund Inception: August, 2000

Fund Objective

The portfolio seeks to maximize current income-consistent with preserving capital and maintaining daily liquidity. The portfolio invests in high quality money market instruments and is a diversified, rated alternative to investing in individual U.S.Treasury bills, notes, and bonds.^†† The portfolio does not invest in repurchasing agreements.

Fund Manager

John T. Olivo

John Olivo is currently a member of the short-term taxable portfolio management team and is responsible for sixteen taxable portfolios. John joined Goldman Sachs Asset Management (GSAM) in 1995 as a portfolio trading assistant and was responsible for the daily compliance of all of the taxable money market funds.

^†† Unlike those direct investments, an investment in the Fund is not backed by the full faith and credit of the U.S. government or by its agencies, instrumentalities, or sponsored enterprises.

For more complete information, including charges and expenses, call or write for a free prospectus. Read it carefully before you invest or send money.

Past performance is no guarantee of future results. Yield will vary and an investor's shares, when redeemed, may be worth more or less than their original cost.

S&P® is a registered service mark of The McGraw-Hill Companies, Inc., and has been licensed for use by Fidelity Distributors Corporation and its affiliates.

Back to Funds Summary