- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 71 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Apr 17, 2023
- Business
- Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund (FGTXX) is a money market fund that seeks to maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity by investing exclusively in U.S. government securities, including Treasury bills, notes, and bonds, as well as repurchase agreements collateralized by such securities. The fund offers multiple share classes for institutional and other investors, including Institutional Shares (FGTXX), Administration Shares (FOAXX), Capital Shares (GCGXX), Cash Management Shares (GVCXX), Class A Shares (FSOXX), Class C Shares (FSGXX), Class D Shares (GSAXX), Drexel Hamilton Class Shares (VETXX), Loop Class Shares (LDIXX), Preferred Shares (GPGXX), Premier Shares (GGPXX), Resource Shares (GVRXX), Class R6 Shares (FGGXX), Select Shares (GSGXX), and Service Shares (FOSXX). It operates within the taxable money market fund segment, targeting institutional investors, cash managers, and intermediaries seeking high-quality, liquid short-term investments backed by the full faith and credit of the U.S. government.
Established in 1993 as part of Goldman Sachs Trust, a Delaware statutory trust with administrative offices at 71 South Wacker Drive, Chicago, Illinois 60606, and investment advisory services provided by Goldman Sachs Asset Management, L.P. at 200 West Street, New York, New York 10282, the fund maintains a global investor base while focusing on U.S. domestic securities. The Trust, successor to a Massachusetts business trust combined on April 30, 1997, oversees various money market series with Goldman Sachs & Co. LLC serving as distributor and transfer agent.
In recent developments, the Board of Trustees approved the liquidation of the related Goldman Sachs Financial Square Money Market Fund in April 2024, reflecting ongoing portfolio rationalization amid regulatory and market shifts in money market fund structures. Updated prospectuses and statements of additional information dated March 30, 2025, incorporate compliance with SEC Rule 2a-7 reforms, including enhanced liquidity requirements and removal of redemption gates for institutional funds, ensuring continued emphasis on high-quality, short-duration U.S. government holdings. No major acquisitions, funding rounds, or strategic alliances specific to FGTXX were reported in the last 1-2 years, with operations remaining stable under management team oversight since inception.