Fund Description

The fund was incepted in January 1998 and is managed by Goldman Sachs Asset Management. The objective of the fund is to seek current income and long-term capital appreciation. Under normal conditions, approximately 60% of the portfolio's total assets are allocated among underlying fixed-income funds. Allocation to the underlying equity funds adds diversification and enhances returns. However, it also adds some volatility. The investment adviser invests a relatively significant percentage of its equity allocation in the CORE SM Large Cap Growth, CORE Large Cap Value and CORE SM International Equity Funds and invests a relatively significant percentage of its assets in the Global Income Fund. The fund may invest more than 25% of its assets in the Short Duration Government Fund. Dividends are distributed quarterly. Capital gains are distributed annually.