Goldman Sachs lowers Short Duration Tax-Free Fund's deferred sales fee

By Toni Weeks

San Diego, Jan. 6 - Goldman Sachs Trust said it reduced the contingent deferred sales charge for the class A shares of its Short Duration Tax-Free Fund, a series of the Goldman Sachs Municipal Fixed-Income Funds, according to a 497 filing with the Securities and Exchange Commission.

Effective Jan. 20 at the close of business, the contingent deferred sales charge will be reduced to 0.5% of shares redeemed within nine months of purchase. Previously, the charge was 1% of redemptions of class A shares made within 18 months of purchase. The redemption fee will only apply to certain redemptions.

In addition, Goldman Sachs will reduce the commission paid to authorized institutions associated with purchases of $500,000 or more to 0.5% of the amount under $3 million and 0.25% thereafter.

Previously, the commission was 1% of the amount under $3 million, 0.5% of the next $2 million and 0.25% thereafter.

The fund's investment adviser is New York-based Goldman Sachs Asset Management, LP.

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