# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0000940400-25-002038
**Filing Date:** 2025-9
**Character Count:** 50301
**Document Hash:** 3df4c492b64ddc8871c3d05f30ce682c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002038.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0000940400-25-002038

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS TRUST
- **CENTRAL INDEX KEY:** 0000822977

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05349
- **FILM NUMBER:** 251334287

**BUSINESS ADDRESS:**
- **STREET 1:** 71  SOUTH WACKER DRIVE
- **STREET 2:** C/O GOLDMAN SACHS & CO
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126554400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19910711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19900104

## Series and Classes Contracts Data

### Goldman Sachs Emerging Markets Equity Fund (Series ID: S000009335)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000025571 | Institutional   | GEMIX           |
| C000025572 | Service         | GEMSX           |
| C000025573 | Class A         | GEMAX           |
| C000025575 | Class C         | GEMCX           |
| C000091958 | Investor Shares | GIRMX           |
| C000161505 | Class R6 Shares | GEMUX           |
| C000201742 | Class P Shares  | GAHPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Goldman Sachs Trust

- **b. Investment Company Act file number:** 811-05349

- **c. CIK number of Registrant:** 0000822977

- **d. LEI of Registrant:** S2FHCT8U6D2VORP0J605

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 71 South Wacker Drive

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-655-4400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Goldman Sachs Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000009335

- **c. LEI of Series:** BWG4TKY1KCT8ICDTBC46

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2831797982.24

**Total Liabilities:** $7699248.32

**Net Assets:** $2824098733.92

**Cash Not Reported:** $14934133.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025572 | 4.49%                | 5.93%                | 0.94%                |
| Class ID C000025573 | 4.50%                | 5.96%                | 0.99%                |
| Class ID C000025571 | 4.56%                | 5.98%                | 0.95%                |
| Class ID C000201742 | 4.54%                | 5.99%                | 0.99%                |
| Class ID C000161505 | 4.54%                | 5.99%                | 0.95%                |
| Class ID C000091958 | 4.51%                | 6.02%                | 0.96%                |
| Class ID C000025575 | 4.45%                | 5.90%                | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19156188.39             | $92707412.81                               |
| Month 2  | $10252751.09             | $148332405.22                              |
| Month 3  | $34096880.39             | $-11386202.03                              |

### Schedule of Portfolio Investments

| Name                                           | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Marcopolo SA                                   | Marcopolo SA                                     | CUSIP: 000000000<br>LEI: 254900XL58LF2D2QUX37 | Long             | EP               | CORP              | BR        |    6358900 | NS      | $9380131.26   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Coforge Ltd                                    | Coforge Ltd                                      | CUSIP: 000000000<br>LEI: 3358004YL9JGBNP4KF72 | Long             | EC               | CORP              | IN        |     770970 | NS      | $15276667.62  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                                 | Dino Polska SA                                   | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |    1339740 | NS      | $17668683.67  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                        | Sberbank of Russia PJSC                          | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    4327745 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sun Pharmaceutical Industries                  | Sun Pharmaceutical Industries Ltd                | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |    1522363 | NS      | $29564351.87  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd                          | Godrej Properties Ltd                            | CUSIP: 000000000<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |     820392 | NS      | $19561318.43  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services                 | Bangkok Dusit Medical Services PCL               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   24514400 | NS      | $16129978.61  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                   | MediaTek Inc                                     | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     876000 | NS      | $39669286.58  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Cartrade Tech Ltd                              | Cartrade Tech Ltd                                | CUSIP: 000000000<br>LEI: 984500F5CDO5D86C1326 | Long             | EC               | CORP              | IN        |     495846 | NS      | $12323188.71  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                          | Delta Electronics Inc                            | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    2406000 | NS      | $45324492.24  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Info Edge India Ltd                            | Info Edge India Ltd                              | CUSIP: 000000000<br>LEI: 335800MXUVHTBF9DEC78 | Long             | EC               | CORP              | IN        |     928488 | NS      | $14661792.88  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd        | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    7323883 | NS      | $281964277.32 | 9.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Anji Microelectronics Technolo                 | Anji Microelectronics Technology Shanghai Co Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     501846 | NS      | $10395030.26  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical E                 | Shenzhen Mindray Bio-Medical Electronics Co Ltd  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     418229 | NS      | $13381873.84  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Nusantara Sejahtera Raya Tbk P                 | Nusantara Sejahtera Raya Tbk PT                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  313707800 | NS      | $2649977.77   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp                                       | Kia Corp                                         | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     383018 | NS      | $28025729.85  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Life Insurance Co Ltd                      | SBI Life Insurance Co Ltd                        | CUSIP: 000000000<br>LEI: 335800WMVIESQUO95586 | Long             | EC               | CORP              | IN        |     977731 | NS      | $20454593.80  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                     | Samsung Electronics Co Ltd                       | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    1971868 | NS      | $100494229.82 | 3.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                  | Credicorp Ltd                                    | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |     109743 | NS      | $26009091.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Merida Industry Co Ltd                         | Merida Industry Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    1311000 | NS      | $5064938.81   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd                                    | Eternal Ltd                                      | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |   12527281 | NS      | $43721624.25  | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Jentech Precision Industrial C                 | Jentech Precision Industrial Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     347000 | NS      | $16509418.83  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Lt                 | Apollo Hospitals Enterprise Ltd                  | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     256457 | NS      | $21864452.29  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Aluminium Co Ltd                        | Yunnan Aluminium Co Ltd                          | CUSIP: 000000000<br>LEI: 3003008AXWSVMLG3MX37 | Long             | EC               | CORP              | CN        |    8210292 | NS      | $17641210.95  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| 360 ONE WAM Ltd                                | 360 ONE WAM Ltd                                  | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |     701640 | NS      | $8398184.41   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzlon Energy Ltd                              | Suzlon Energy Ltd                                | CUSIP: 000000000<br>LEI: 724500ZW9AZP283ZN723 | Long             | EC               | CORP              | IN        |   10002861 | NS      | $6978891.31   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                       | Samsung Biologics Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      27966 | NS      | $21366803.08  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| JSHL                                           | Jiangsu Hengli Hydraulic Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     867700 | NS      | $8843531.16   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                                        | Ping An Insurance Group Co of China Ltd          | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    4999000 | NS      | $34319956.29  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Five-Star Business Finance Ltd                 | Five-Star Business Finance Ltd                   | CUSIP: 000000000<br>LEI: 335800SDB5FANSP25Z85 | Long             | EC               | CORP              | IN        |     752600 | NS      | $5071182.30   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Marine Solution Co                  | HD Hyundai Marine Solution Co Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      73845 | NS      | $10800852.71  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank Inc                                | BDO Unibank Inc                                  | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |    4758256 | NS      | $11615503.14  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Map Aktif Adiperkasa PT                        | Map Aktif Adiperkasa PT                          | CUSIP: 000000000<br>LEI: 254900N3WK9AC24SVF17 | Long             | EC               | CORP              | ID        |  205008500 | NS      | $8592061.91   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Mao Geping Cosmetics Co LTD                    | Mao Geping Cosmetics Co LTD                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     467000 | NS      | $5936911.75   | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| Al Rajhi Bank                                  | Al Rajhi Bank                                    | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |    1141958 | NS      | $28793407.13  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanofilm Technologies Internat                 | Nanofilm Technologies International Ltd          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    7221393 | NS      | $4062328.33   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| True Corp PCL                                  | True Corp PCL                                    | CUSIP: 000000000<br>LEI: 894500HQD71STX0DQK07 | Long             | EC               | CORP              | TH        |   28156600 | NS      | $8933185.38   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| H World Group Ltd                              | H World Group Ltd                                | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | CN        |     353207 | NS      | $11027122.54  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissance Insurance Group JS                 | Renaissance Insurance Group JSC                  | CUSIP: 000000000<br>LEI: 2534004ERNZEU8P2HW17 | Long             | EC               | CORP              | RU        |    2495750 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BYD Co Ltd                                     | BYD Co Ltd                                       | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     719500 | NS      | $10505317.21  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Alinma Bank                                    | Alinma Bank                                      | CUSIP: 000000000<br>LEI: 558600HPAUTN6XSVBK93 | Long             | EC               | CORP              | SA        |     675267 | NS      | $4643483.04   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consumer Products Ltd                     | Tata Consumer Products Ltd                       | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |    2167811 | NS      | $26471413.10  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS                                    | Fuyao Glass Industry Group Co Ltd                | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |    1954400 | NS      | $14090387.72  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co Ltd                    | Nien Made Enterprise Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     635000 | NS      | $9064442.24   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Netweb Technologies India Ltd                  | Netweb Technologies India Ltd                    | CUSIP: 000000000<br>LEI: 335800OOUVFL1RE5GY79 | Long             | EC               | CORP              | IN        |     389178 | NS      | $8954486.46   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                           | Weichai Power Co Ltd                             | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |   10019000 | NS      | $21238942.43  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                 | Chroma ATE Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     132000 | NS      | $1890146.33   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                               | MercadoLibre Inc                                 | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       8293 | NS      | $19686669.77  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd                    | China Merchants Bank Co Ltd                      | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    6966500 | NS      | $45206643.51  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Clicks Group Ltd                               | Clicks Group Ltd                                 | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |     611835 | NS      | $12827333.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Co for Cooperative Insurance/T                 | Co for Cooperative Insurance/The                 | CUSIP: 000000000<br>LEI: 549300J2GTNKWJRJ8581 | Long             | EC               | CORP              | SA        |     201982 | NS      | $7223896.00   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                       | Bank Central Asia Tbk PT                         | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   60596000 | NS      | $30370448.80  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                             | Midea Group Co Ltd                               | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    1272300 | NS      | $12356622.45  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                        | Meituan                                          | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    1766300 | NS      | $27249678.75  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd                      | Capitec Bank Holdings Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     100165 | NS      | $19416832.49  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                         | Accton Technology Corp                           | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     869000 | NS      | $25665230.15  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                         | KB Financial Group Inc                           | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     337335 | NS      | $26800668.87  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| JYP Entertainment Corp                         | JYP Entertainment Corp                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     149278 | NS      | $7777354.53   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                                        | Ping An Insurance Group Co of China Ltd          | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     775500 | NS      | $5324090.04   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nusantara Sejahtera Raya Tbk P                 | Nusantara Sejahtera Raya Tbk PT                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    8565600 | NS      | $72356.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                    | Bank Mandiri Persero Tbk PT                      | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |   45811600 | NS      | $12471333.92  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                   | SK Hynix Inc                                     | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     297108 | NS      | $57584274.70  | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Rasan Information Technology C                 | Rasan Information Technology Co                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     405833 | NS      | $9720312.92   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Nova Ljubljanska Banka dd                      | Nova Ljubljanska Banka dd                        | CUSIP: 66980N203<br>LEI: 5493001BABFV7P27OW30 | Long             | EC               | CORP              | SI        |     563737 | NS      | $20908455.73  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Mutual Ltd                                 | Old Mutual Ltd                                   | CUSIP: 000000000<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |   28423656 | NS      | $19925620.65  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                 | MakeMyTrip Ltd                                   | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | IN        |     104866 | NS      | $9814408.94   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund   | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    2740859 | NS      | $2740858.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Torrent Pharmaceuticals Ltd                    | Torrent Pharmaceuticals Ltd                      | CUSIP: 000000000<br>LEI: 335800NA6HK275RIJE13 | Long             | EC               | CORP              | IN        |     445305 | NS      | $18954678.24  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| JSE Ltd                                        | JSE Ltd                                          | CUSIP: 000000000<br>LEI: 213800MZ1VUQEBWRFO39 | Long             | EC               | CORP              | ZA        |    1158922 | NS      | $8650108.81   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd                                   | Lotes Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     317000 | NS      | $14822894.91  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings Inc                                | KE Holdings Inc                                  | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |     635264 | NS      | $11701562.88  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco del Bajio SA                             | Banco del Bajio SA                               | CUSIP: 000000000<br>LEI: 4469000001BD95FFLY16 | Long             | EC               | CORP              | MX        |    2505900 | NS      | $5633459.79   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp Ltd                                   | Bid Corp Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     409535 | NS      | $10296687.30  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Grasim Industries Ltd                          | Grasim Industries Ltd                            | CUSIP: 000000000<br>LEI: 335800WLY7FOIT3ERV21 | Long             | EC               | CORP              | IN        |     264771 | NS      | $8272364.04   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Talabat Holding PLC                            | Talabat Holding PLC                              | CUSIP: 000000000<br>LEI: 529900MAA20AIKRXOA24 | Long             | EC               | CORP              | AE        |   27999546 | NS      | $9578755.94   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Almarai Co JSC                                 | Almarai Co JSC                                   | CUSIP: 000000000<br>LEI: 549300B4EDUXYD2G6098 | Long             | EC               | CORP              | SA        |    1037353 | NS      | $13230084.51  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Telecom Co                               | Saudi Telecom Co                                 | CUSIP: 000000000<br>LEI: 21380028ATJ79OTA9W17 | Long             | EC               | CORP              | SA        |    1174438 | NS      | $13146296.91  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Property Mexico SA de                 | Prologis Property Mexico SA de CV                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    2815714 | NS      | $10583741.31  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Jollibee Foods Corp                            | Jollibee Foods Corp                              | CUSIP: 000000000<br>LEI: 2138009XN3KTAAKUPR35 | Long             | EC               | CORP              | PH        |    2716500 | NS      | $10090275.13  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                      | Alibaba Group Holding Ltd                        | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    6667124 | NS      | $100238734.08 | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                              | Bajaj Finance Ltd                                | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    3092110 | NS      | $30943885.40  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Navin Fluorine International L                 | Navin Fluorine International Ltd                 | CUSIP: 000000000<br>LEI: 335800OVIUAAKYG44C59 | Long             | EC               | CORP              | IN        |     336213 | NS      | $19325846.04  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                                           | Contemporary Amperex Technology Co Ltd           | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     753371 | NS      | $27513418.80  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                        | Saudi National Bank/The                          | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    2411683 | NS      | $24066408.46  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Gr                 | Tencent Music Entertainment Group                | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |     929672 | NS      | $19513815.28  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Archean Chemical Industries Lt                 | Archean Chemical Industries Ltd                  | CUSIP: 000000000<br>LEI: 335800SM3YUC83D34P94 | Long             | EC               | CORP              | IN        |     733513 | NS      | $5548043.84   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Computer Age Management Servic                 | Computer Age Management Services Ltd             | CUSIP: 000000000<br>LEI: 33580012MDHMBHWN5Z06 | Long             | EC               | CORP              | IN        |     412686 | NS      | $17485324.49  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Amber Enterprises India Ltd                    | Amber Enterprises India Ltd                      | CUSIP: 000000000<br>LEI: 3358009JZU4XT3666G06 | Long             | EC               | CORP              | IN        |     206394 | NS      | $18634313.54  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                           | Tencent Holdings Ltd                             | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    2880900 | NS      | $201698260.75 | 7.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                               | Raia Drogasil SA                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    4492000 | NS      | $10805732.60  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BFI Finance Indonesia Tbk PT                   | BFI Finance Indonesia Tbk PT                     | CUSIP: 000000000<br>LEI: 254900NOWNL3CGA4WS37 | Long             | EC               | CORP              | ID        |  137390200 | NS      | $6387329.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pop Mart International Group L                 | Pop Mart International Group Ltd                 | CUSIP: 000000000<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | CN        |     441800 | NS      | $13781452.53  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd                  | NAURA Technology Group Co Ltd                    | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |     314955 | NS      | $14591572.55  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                  | Piraeus Financial Holdings SA                    | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    3118922 | NS      | $23982775.72  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                   | Wal-Mart de Mexico SAB de CV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    4840600 | NS      | $14269057.30  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                 | ICICI Bank Ltd                                   | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    4072390 | NS      | $68576233.61  | 2.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                   | Techtronic Industries Co Ltd                     | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     760000 | NS      | $9087816.47   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd                       | ANTA Sports Products Ltd                         | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | CN        |    1601800 | NS      | $18385600.58  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| GCC SAB de CV                                  | GCC SAB de CV                                    | CUSIP: 000000000<br>LEI: 254900WY9XL8033CKX68 | Long             | EC               | CORP              | MX        |     709492 | NS      | $6629697.84   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC P&C                                       | PICC Property & Casualty Co Ltd                  | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |   12382000 | NS      | $25699874.15  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd                                  | Axis Bank Ltd                                    | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |    2260139 | NS      | $27447302.61  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co Ltd                     | China Yangtze Power Co Ltd                       | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |    2556480 | NS      | $9873563.32   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                     | National Bank of Greece SA                       | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    1302650 | NS      | $18170107.03  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                     | Bank Polska Kasa Opieki SA                       | CUSIP: 000000000<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     298792 | NS      | $16225422.24  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Electronics Inc                             | LG Electronics Inc                               | CUSIP: 000000000<br>LEI: 988400RMQFTGZIOG0609 | Long             | EC               | CORP              | KR        |     311094 | NS      | $17218838.37  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                          | Aldar Properties PJSC                            | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    4766024 | NS      | $12316059.73  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| GoTo Gojek Tokopedia Tbk PT                    | GoTo Gojek Tokopedia Tbk PT                      | CUSIP: 000000000<br>LEI: 254900MT2CH1Y5Y7OX69 | Long             | EC               | CORP              | ID        | 1235498600 | NS      | $4855077.02   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Rotem Co Ltd                           | Hyundai Rotem Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     107089 | NS      | $15480594.06  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceutical                 | Jiangsu Hengrui Pharmaceuticals Co Ltd           | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |    1958600 | NS      | $19673326.11  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV                     | Arca Continental SAB de CV                       | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    1341799 | NS      | $13984867.18  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                    | Infosys Ltd                                      | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    2004757 | NS      | $34094798.64  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| IsuPetasys Co Ltd                              | IsuPetasys Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     167037 | NS      | $7699888.74   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp                                    | NCSoft Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      75895 | NS      | $10537367.21  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd                                    | LG Chem Ltd                                      | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |      42799 | NS      | $9201997.24   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                      | Zijin Mining Group Co Ltd                        | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |   10838000 | NS      | $28738686.94  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Feihe Ltd                                | China Feihe Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   17702000 | NS      | $10523859.30  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                    | Abu Dhabi Islamic Bank PJSC                      | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    2483963 | NS      | $16309583.86  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi Ve T                 | Aselsan Elektronik Sanayi Ve Ticaret AS          | CUSIP: 000000000<br>LEI: 7890008XT4M710MU8714 | Long             | EC               | CORP              | TR        |    3658375 | NS      | $16825863.50  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                 | NU Holdings Ltd/Cayman Islands                   | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |    2205005 | NS      | $26945161.10  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunresin New Materials Co Ltd                  | Sunresin New Materials Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    1764520 | NS      | $12637805.26  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp                                    | Xiaomi Corp                                      | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | CN        |    7490400 | NS      | $50395050.52  | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Monde Nissin Corp                              | Monde Nissin Corp                                | CUSIP: 000000000<br>LEI: 549300CUOTXJCLZ00K49 | Long             | EC               | CORP              | PH        |   99724400 | NS      | $12787700.03  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentera SAB de CV                              | Gentera SAB de CV                                | CUSIP: 000000000<br>LEI: 4469000001ECOWXFNE33 | Long             | EC               | CORP              | MX        |    6767050 | NS      | $15291775.32  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc                             | E Ink Holdings Inc                               | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |    2245000 | NS      | $15286685.36  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS Motor Co Ltd                               | TVS Motor Co Ltd                                 | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |     443178 | NS      | $14115842.61  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                    | NetEase Inc                                      | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |    1411000 | NS      | $36886721.67  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                         | Kweichow Moutai Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     102151 | NS      | $20103023.40  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Pakuwon Jati Tbk PT                            | Pakuwon Jati Tbk PT                              | CUSIP: 000000000<br>LEI: 254900GUXQAQB065PM73 | Long             | EC               | CORP              | ID        |  188956300 | NS      | $4042091.62   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                       | JUMBO SA                                         | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |     492013 | NS      | $16642433.63  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd                  | ASE Technology Holding Co Ltd                    | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |    4241000 | NS      | $20566261.42  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                       | Itau Unibanco Holding SA                         | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    3279090 | NS      | $20589655.31  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Elm Co                                         | Elm Co                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      55828 | NS      | $13525809.30  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** Goldman Sachs Trust

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President Assistant Treasurer