# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-26-002566
**Filing Date:** 2026-1
**Character Count:** 62380
**Document Hash:** e8a56447e119f5dc1920cd9aebeaf5a9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002566.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002566

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23013
- **FILM NUMBER:** 26564504

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs Future Tech Leaders Equity ETF (Series ID: S000071430)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000226526 | Goldman Sachs Future Tech Leaders Equity ETF | GTEK            |

## Nport-Ex

GOLDMAN

SACHS

FUTURE

HEALTH

CARE

EQUITY

ETF

Schedule

of

Investments

November

30,

2025

(Unaudited)

#### \*\*End

#### swaps

#### header\*\*

#### Shares

#### Description

#### Value
a

#### Common

#### Stocks

#### –

#### 98.9%

#### Canada

#### –

#### 1.0%
5,226

Xenon

Pharmaceuticals,

Inc.

(Health

Care)\*

$

233,707

#### Denmark

#### –

#### 1.5%
6,936

Novo

Nordisk

A/S,

Class

B

(Health

Care)

341,653

#### France

#### –

#### 1.7%
1,587

Sartorius

Stedim

Biotech

(Health

Care)

381,804

#### Japan

#### –

#### 2.9%
4,273

Hoya

Corp.

(Health

Care)

642,114

#### Netherlands

#### –

#### 4.1%
1,014

Argenx

SE

ADR

(Health

Care)\*

924,748

#### Switzerland

#### –

#### 2.8%
903

Lonza

Group

AG

(Health

Care)

618,531

#### United

#### Kingdom

#### –

#### 5.5%
6,564

AstraZeneca

PLC

(Health

Care)

1,215,361

#### United

#### States

#### –

#### 79.4%
7,995

Abbott

Laboratories

(Health

Care)

1,030,555

5,110

Agilent

Technologies,

Inc.

(Health

Care)

784,385

Alnylam

Pharmaceuticals,

Inc.

(Health

Care)\*

217,042

3,782

Apogee

Therapeutics,

Inc.

(Health

Care)\*

272,190

1,501

Arcellx,

Inc.

(Health

Care)\*

109,138

15,320

Boston

Scientific

Corp.

(Health

Care)\*

1,556,206

1,950

Cencora,

Inc.

(Health

Care)

719,413

2,634

CG

oncology,

Inc.

(Health

Care)\*

118,109

3,282

Cytokinetics,

Inc.

(Health

Care)\*

223,603

1,673

Danaher

Corp.

(Health

Care)

379,403

4,794

Dexcom,

Inc.

(Health

Care)\*

304,275

2,483

Eli

Lilly

&

Co.

(Health

Care)

2,670,392

1,540

GeneDx

Holdings

Corp.

(Health

Care)\*

257,103

7,253

Guardant

Health,

Inc.

(Health

Care)\*

786,370

1,767

Insmed,

Inc.

(Health

Care)\*

367,130

2,593

Insulet

Corp.

(Health

Care)\*

848,404

1,899

Intuitive

Surgical,

Inc.

(Health

Care)\*

1,089,038

883

iRhythm

Technologies,

Inc.

(Health

Care)\*

166,013

6,602

Johnson &

Johnson

(Health

Care)

1,366,086

664

Madrigal

Pharmaceuticals,

Inc.

(Health

Care)\*

396,395

Mettler-Toledo

International,

Inc.

(Health

Care)\*

417,912

1,104

Natera,

Inc.

(Health

Care)\*

263,646

#### Shares

#### Description

#### Value
a

#### Common

#### Stocks

#### –
(continued)

#### United

#### States

#### –
(continued)

3,468

Neurocrine

Biosciences,

Inc.

(Health

Care)\*

$

527,691

2,505

REVOLUTION

Medicines,

Inc.

(Health

Care)\*

194,789

948

Rhythm

Pharmaceuticals,

Inc.

(Health

Care)\*

103,417

16,724

Roivant

Sciences

Ltd.

(Health

Care)\*

348,026

2,088

Thermo

Fisher

Scientific,

Inc.

(Health

Care)

1,233,653

3,347

Ultragenyx

Pharmaceutical,

Inc.

(Health

Care)\*

116,308

752

UnitedHealth

Group,

Inc.

(Health

Care)

247,987

1,793

Veeva

Systems,

Inc.,

Class

A

(Health

Care)\*

430,840

555

West

Pharmaceutical

Services,

Inc.

(Health

Care)

153,874

17,699,393

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $16,208,172)
22,057,311

#### Shares

#### Dividend

#### Rate

#### Value
aa

a

#### Investment

#### Company

#### –

#### 1.0%
(a) Goldman

Sachs

Financial

Square

Treasury

Obligations

Fund

–

Institutional

Shares

213,017

3.900%

213,017

(Cost

$213,017)

#### TOTAL

#### INVESTMENTS

#### –

#### 99.9%

#### (Cost

#### $16,421,189)
$

22,270,328

#### OTHER

#### ASSETS

#### IN

#### EXCESS

#### OF

#### LIABILITIES

#### –

#### 0.1%
15,816

#### NET

#### ASSETS

#### –

#### 100.0%
$

22,286,144

&nbsp;&nbsp;&nbsp;&nbsp;a

The

percentage

shown

for

each

investment

category

reflects

the

value

of

investments

in

that

category

as

a

percentage

of

net

assets.

\*

Non-income

producing

security.

(a) Represents

an

affiliated

issuer.

Investment

Abbreviations:

ADR

—

American

Depositary

Receipt

PLC

—

Public

Limited

Company

#### Sector

#### Name

#### %

#### of

#### Market

#### Value
Health

Care

99.0 %

Investment

Company

1.0 #### TOTAL

#### INVESTMENTS
100.0%

GOLDMAN

SACHS

FUTURE

TECH

LEADERS

EQUITY

ETF

Schedule

of

Investments

November

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –

#### 97.4%

#### Communication

#### Services

#### –

#### 9.1%
66,925

Capcom

Co.

Ltd.

(Japan)

$

1,639,566

54,589

Cellnex

Telecom

SA

(Spain)\*

(a) 1,638,316

251,835

Kuaishou

Technology

(China)

(a) 2,193,076

123,698

NetEase,

Inc.

(China)

3,400,043

21,805

ROBLOX

Corp.,

Class

A\*

2,072,129

6,535

Spotify

Technology

SA\*

3,913,616

80,152

Tencent

Music

Entertainment

Group

ADR

(China)

1,478,804

16,335,550

#### Consumer

#### Discretionary

#### –

#### 5.2%
11,024

DoorDash,

Inc.,

Class

A\*

2,186,831

758,112

Eternal

Ltd.

(India)\*

2,543,496

1,042

MercadoLibre,

Inc.

(Brazil)\*

2,158,795

36,363

Trip.com

Group

Ltd.

(China)

2,498,742

9,387,864

#### Financials

#### –

#### 3.1%
22,134

Fidelity

National

Information

Services,

Inc.

1,455,753

7,187

Jack

Henry

&

Associates,

Inc.

1,253,988

49,595

Klarna

Group

PLC

(United

Kingdom)\*

(b) 1,560,755

38,124

Toast,

Inc.,

Class

A\*

1,303,460

5,573,956

#### Health

#### Care

#### –

#### 1.3%
16,045

Hoya

Corp.

(Japan)

2,411,120

#### Industrials

#### –

#### 5.1%
118,531

Daifuku

Co.

Ltd.

(Japan)

3,753,038

135,833

Ebara

Corp.

(Japan)

3,558,381

9,817

SK

Square

Co.

Ltd.

(South

Korea)\*

1,989,233

9,300,652

#### Information

#### Technology

#### –

#### 73.6%
115,363

Accton

Technology

Corp.

(Taiwan)

3,767,630

33,047

Advantest

Corp.

(Japan)

4,357,206

40,581

Amphenol

Corp.,

Class

A

5,717,863

36,590

Anji

Microelectronics

Technology

Shanghai

Co.

Ltd.,

Class

A

(China)

1,044,549

7,618

AppLovin

Corp.,

Class

A\*

4,566,839

3,184

ASM

International

NV

(Netherlands)

1,752,999

17,609

Cadence

Design

Systems,

Inc.\*

5,491,191

6,726

Cambricon

Technologies

Corp.

Ltd.,

Class

A

(China)\*

1,266,427

59,013

Chroma

ATE,

Inc.

(Taiwan)

1,539,960

7,083

Ciena

Corp.\*

1,446,419

17,495

Cloudflare,

Inc.,

Class

A\*

3,502,674

102,446

Coforge

Ltd.

(India)

2,186,072

12,120

Coherent

Corp.\*

1,990,831

13,472

CoreWeave,

Inc.,

Class

A\*

985,073

24,168

Datadog,

Inc.,

Class

A\*

3,867,122

165,709

Delta

Electronics,

Inc.

(Taiwan)

4,920,847

80,656

Dynatrace,

Inc.\*

3,594,031

239,395

E

Ink

Holdings,

Inc.

(Taiwan)

1,464,516

11,615

Elastic

NV\*

819,206

39,704

Elite

Material

Co.

Ltd.

(Taiwan)

1,929,221

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Information

#### Technology

#### –
(continued)

6,214

HubSpot,

Inc.\*

$

2,282,526

82,615

Infineon

Technologies

AG

(Germany)

3,483,280

39,123

IsuPetasys

Co.

Ltd.

(South

Korea)

3,830,763

53,063

Jentech

Precision

Industrial

Co.

Ltd.

(Taiwan)

4,911,519

3,406

KLA

Corp.

4,003,651

59,748

Lotes

Co.

Ltd.

(Taiwan)

2,493,863

51,024

Marvell

Technology,

Inc.

4,561,546

102,417

MediaTek,

Inc.

(Taiwan)

4,552,229

33,247

Microchip

Technology,

Inc.

1,781,374

11,381

Micron

Technology,

Inc.

2,691,379

9,512

Monday.com

Ltd.\*

1,368,396

8,943

MongoDB,

Inc.\*

2,972,385

8,455

Motorola

Solutions,

Inc.

3,125,644

45,259

NAURA

Technology

Group

Co.

Ltd.,

Class

A

(China)

2,739,633

43,342

Netskope,

Inc.,

Class

A\*

796,626

42,723

Persistent

Systems

Ltd.

(India)

3,034,397

97,117

Samsara,

Inc.,

Class

A\*

3,693,359

20,971

SCREEN

Holdings

Co.

Ltd.

(Japan)

1,727,537

17,323

Shopify,

Inc.,

Class

A

(Canada)\*

2,748,121

19,427

SK

hynix,

Inc.

(South

Korea)

7,001,197

21,551

Snowflake,

Inc.\*

5,414,473

18,317

Teradyne,

Inc.

3,331,679

3,566

Tyler

Technologies,

Inc.\*

1,674,665

9,420

Zscaler,

Inc.\*

2,369,130

132,800,048

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $129,481,117)
175,809,190

#### Shares

#### Dividend

#### Rate

#### Value
aa

#### Investment

#### Company

#### –

#### 2.8%
(c) Goldman

Sachs

Financial

Square

Treasury

Obligations

Fund

–

Institutional

Shares

5,006,935

3.902%

5,006,935

(Cost

$5,006,935)

#### TOTAL

#### INVESTMENTS

#### BEFORE

#### SECURITIES

#### LENDING

#### REINVESTMENT

#### VEHICLE

#### (Cost

#### $134,488,052)
180,816,125

GOLDMAN

SACHS

FUTURE

TECH

LEADERS

EQUITY

ETF

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

#### \*\*End

#### swaps

#### header\*\*

#### Shares

#### Dividend

#### Rate

#### Value
a

#### Securities

#### Lending

#### Reinvestment

#### Vehicle

#### –

#### 0.4%
(c) Goldman

Sachs

Financial

Square

Government

Fund

-

Institutional

Shares

715,328

3.928%

$

715,328

(Cost

$715,328)

#### TOTAL

#### INVESTMENTS

#### –

#### 100.6%

#### (Cost

#### $135,203,380)
$

181,531,453

#### LIABILITIES

#### IN

#### EXCESS

#### OF

#### OTHER

#### ASSETS

#### –

#### (0.6)%
(1,150,995)

#### NET

#### ASSETS

#### –

#### 100.0%
$

180,380,458

&nbsp;&nbsp;&nbsp;&nbsp;a

The

percentage

shown

for

each

investment

category

reflects

the

value

of

investments

in

that

category

as

a

percentage

of

net

assets.

\*

Non-income

producing

security.

(a) Exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933. (b) All

or

a

portion

of

security

is

on

loan.

(c) Represents

an

affiliated

issuer.

Investment

Abbreviations:

ADR

—

American

Depositary

Receipt

PLC

—

Public

Limited

Company

Goldman

Sachs

Future

Thematic

Equity

ETFs

Schedule

of

Investments

November

30,

2025

(Unaudited)

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
Investment

Valuation

—

The

Funds'

valuation

policy

is

to

value

investments

at

fair

value.

Investments

and

Fair

Value

Measurements

—

U.S.

GAAP

defines

the

fair

value

of

a

financial

instrument

as

the

amount

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(i.e.,

the

exit

price);

the

Funds'

policy

is

to

use

the

market

approach.

GAAP

establishes

a

fair

value

hierarchy

that

prioritizes

the

inputs

to

valuation

techniques

used

to

measure

fair

value.

The

hierarchy

gives

the

highest

priority

to

unadjusted

quoted

prices

in

active

markets

for

identical

assets

or

liabilities

(Level

measurements)

and

the

lowest

priority

to

unobservable

inputs

(Level

measurements).

The

level

in

the

fair

value

hierarchy

within

which

the

fair

value

measurement

in

its

entirety

falls

shall

be

determined

based

on

the

lowest

level

input

that

is

significant

to

the

fair

value

measurement

in

its

entirety.

The

levels

used

for

classifying

investments

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

these

investments.

The

three

levels

of

the

fair

value

hierarchy

are

described

below:

Level

—

Unadjusted

quoted

prices

in

active

markets

that

are

accessible

at

the

measurement

date

for

identical,

unrestricted

assets

or

liabilities;

Level

—

Quoted

prices

in

markets

that

are

not

active

or

financial

instruments

for

which

significant

inputs

are

observable

(including,

but

not

limited

to,

quoted

prices

for

similar

investments,

interest

rates,

foreign

exchange

rates,

volatility

and

credit

spreads),

either

directly

or

indirectly;

Level

—

Prices

or

valuations

that

require

significant

unobservable

inputs

(including

GSAM's

assumptions

in

determining

fair

value

measurement).

The

Board

of

Trustees

("Trustees")

has

approved

Valuation

Procedures

that

govern

the

valuation

of

the

portfolio

investments

held

by

the

Funds,

including

investments

for

which

market

quotations

are

not

readily

available.

With

respect

to

the

Funds'

investments

that

do

not

have

readily

available

market

quotations,

the

Trustees

have

designated

GSAM

as

the

valuation

designee

to

perform

fair

valuations

pursuant

to

Rule

2a-5

under

the

Act

(the

"Valuation

Designee").

GSAM

has

day-to-day

responsibility

for

implementing

and

maintaining

internal

controls

and

procedures

related

to

the

valuation

of

the

Funds'

investments.

To

assess

the

continuing

appropriateness

of

pricing

sources

and

methodologies,

GSAM

regularly

performs

price

verification

procedures

and

issues

challenges

as

necessary

to

third

party

pricing

vendors

or

brokers,

and

any

differences

are

reviewed

in

accordance

with

the

Valuation

Procedures.

A. Level

and

Level

Fair

Value

Investments

—

The

valuation

techniques

and

significant

inputs

used

in

determining

the

fair

values

for

investments

classified

as

Level

and

Level

are

as

follows:

Equity

Securities

—

Equity

securities

traded

on

a

United

States

("U.S.")

securities

exchange

or

the

NASDAQ

system,

or

those

located

on

certain

foreign

exchanges,

including

but

not

limited

to

the

Americas,

are

valued

daily

at

their

last

sale

price

or

official

closing

price

on

the

principal

exchange

or

system

on

which

they

are

traded.

If

there

is

no

sale

or

official

closing

price

or

such

price

is

believed

by

GSAM

to

not

represent

fair

value,

equity

securities

will

be

valued

at

the

valid

closing

bid

price

for

long

positions

and

at

the

valid

closing

ask

price

for

short

positions

(i.e.

where

there

is

sufficient

volume,

during

normal

exchange

trading

hours).

If

no

valid

bid/ask

price

is

available,

the

equity

security

will

be

valued

pursuant

to

the

Valuation

Procedures

and

consistent

with

applicable

regulatory

guidance.

To

the

extent

these

investments

are

actively

traded,

they

are

classified

as

Level

of

the

fair

value

hierarchy,

otherwise

they

are

generally

classified

as

Level

2. Certain

equity

securities

containing

unique

attributes

may

be

classified

as

Level

2. Unlisted

equity

securities

for

which

market

quotations

are

available

are

valued

at

the

last

sale

price

on

the

valuation

date,

or

if

no

sale

occurs,

at

the

last

bid

price

for

long

positions

or

the

last

ask

price

for

short

positions,

and

are

generally

classified

as

Level

2. Money

Market

Funds

—

Investments

in

the

Goldman

Sachs

Financial

Square

Treasury

Obligations

Fund

and

Goldman

Sachs

Financial

Square

Government

Fund

("Underlying

Money

Market

Funds")

are

valued

at

the

NAV

per

share

of

the

Institutional

Share

class

on

the

day

of

valuation.

These

investments

are

generally

classified

as

Level

of

the

fair

value

hierarchy.

For

information

regarding

the

Underlying

Money

Market

Funds'

accounting

policies

and

investment

holdings,

please

see

the

Underlying

Money

Market

Funds'

shareholder

report.

Goldman

Sachs

Future

Thematic

Equity

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

B. Level

Fair

Value

Investments

—

To

the

extent

that

significant

inputs

to

valuation

models

and

other

alternative

pricing

sources

are

unobservable,

or

if

quotations

are

not

readily

available,

or

if

GSAM

believes

that

such

quotations

do

not

accurately

reflect

fair

value,

the

fair

value

of

a

Fund's

investments

may

be

determined

under

the

Valuation

Procedures.

GSAM,

consistent

with

its

procedures

and

applicable

regulatory

guidance,

may

make

an

adjustment

to

the

most

recent

valuation

prices

of

either

domestic

or

foreign

securities

in

light

of

significant

events

to

reflect

what

it

believes

to

be

the

fair

value

of

the

securities

at

the

time

of

determining

a

Fund's

NAV.

To

the

extent

investments

are

valued

using

single

source

broker

quotations

obtained

directly

from

the

broker

or

passed

through

from

third

party

pricing

vendors,

such

investments

are

classified

as

Level

investments.

C. Fair

Value

Hierarchy

—

The

following

is

a

summary

of

the

Funds'

investments

classified

in

the

fair

value

hierarchy

as

of

November

30,

2025:

For

further

information

regarding

security

characteristics,

see

the

Schedules

of

Investments.

D. Securities

Lending

—

The

Funds

may

lend

their

securities

through

a

securities

lending

agent,

the

Bank

of

New

York

Mellon

("BNYM"),

to

certain

qualified

borrowers.

In

accordance

with

the

Funds'

securities

lending

procedures,

the

Funds

receive

cash

collateral

at

least

equal

to

the

market

value

of

the

securities

on

loan.

The

market

value

of

the

loaned

securities

is

determined

at

the

close

of

business

of

the

Funds,

at

their

last

sale

price

or

official

closing

price

on

the

principal

exchange

or

system

on

which

they

are

traded,

and

any

additional

required

collateral

is

delivered

to

the

Funds

on

the

next

business

day.

As

with

other

extensions

of

credit,

the

Funds

may

experience

delay

in

the

recovery

of

their

securities

or

incur

a

loss

should

the

borrower

of

the

securities

breach

its

agreement

with

the

Funds

or

become

insolvent

at

a

time

when

the

collateral

is

insufficient

to

cover

the

cost

of

repurchasing

securities

on

loan.

Dividend

income

received

from

securities

on

loan

may

not

be

subject

to

withholding

taxes

and

therefore

withholding

taxes

paid

may

differ

from

the

amounts

listed

in

the

Statements

of

Operations.

Loans

of

securities

are

terminable

at

any

time

and

as

such

1)

the

remaining

contractual

maturities

of

the

outstanding

securities

lending

transactions

are

considered

to

be

overnight

and

continuous

and

2)

the

(a) #### Future

#### Health

#### Care

#### Equity

#### ETF

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) Asia

$

642,114

$

—

$

—

Europe

3,482,097

—

—

North

America

17,933,100

—

—

Investment

Company

213,017

—

—

#### Total
$

22,270,328

$

—

$

—

€

1.00 €

1.00 €

1.00 (a) #### Future

#### Tech

#### Leaders

#### Equity

#### ETF

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) Asia

$

78,233,065

$

—

$

—

Europe

8,435,350

—

—

North

America

86,981,980

—

—

South

America

2,158,795

—

—

Investment

Company

5,006,935

—

—

Securities

Lending

Reinvestment

Vehicle

715,328

—

—

#### Total
$

181,531,453

$

—

$

—

€

1.00 €

1.00 €

1.00 (a) Amounts

are

disclosed

by

continent

to

highlight

the

impact

of

time

zone

differences

between

local

market

close

and

the

calculation

of

NAV.

Security

valuations

are

based

on

the

principal

exchange

or

system

on

which

they

are

traded,

which

may

differ

from

country

of

domicile

noted

in

table.

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Future

Thematic

Equity

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

borrower,

after

notice,

is

required

to

return

borrowed

securities

within

the

standard

time

period

for

settlement

of

securities

transactions.

The

Funds

invest

the

cash

collateral

received

in

connection

with

securities

lending

transactions

in

the

Goldman

Sachs

Financial

Square

Government

Fund

("Government

Money

Market

Fund"),

an

affiliated

series

of

the

Goldman

Sachs

Trust.

The

Government

Money

Market

Fund

is

registered

under

the

Act

as

an

open

end

investment

company,

is

subject

to

Rule

2a-7

under

the

Act,

and

is

managed

by

GSAM,

for

which

GSAM

may

receive

a

management

fee

of

up

to

0.16%

on

an

annualized

basis

of

the

average

daily

net

assets

of

the

Government

Money

Market

Fund.

In

the

event

of

a

default

by

a

borrower

with

respect

to

any

loan,

BNYM

may

exercise

any

and

all

remedies

provided

under

the

applicable

borrower

agreement

to

make

the

Funds

whole.

These

remedies

include

purchasing

replacement

securities

by

applying

the

collateral

held

from

the

defaulting

broker

against

the

purchase

cost

of

the

replacement

securities.

If

BNYM

is

unable

to

purchase

replacement

securities,

BNYM

will

indemnify

the

Funds

by

paying

the

Funds

an

amount

equal

to

the

market

value

of

the

securities

loaned

minus

the

value

of

cash

collateral

received

from

the

borrower

for

the

loan,

subject

to

an

exclusion

for

any

shortfalls

resulting

from

a

loss

of

value

in

such

cash

collateral

due

to

reinvestment

risk.

The

Funds'

master

netting

agreements

with

certain

borrowers

provide

the

right,

in

the

event

of

a

default

(including

bankruptcy

or

insolvency),

for

the

non-defaulting

party

to

liquidate

the

collateral

and

calculate

net

exposure

to

the

defaulting

party

or

request

additional

collateral.

However,

in

the

event

of

a

default

by

a

borrower,

a

resolution

authority

could

determine

that

such

rights

are

not

enforceable

due

to

the

restrictions

or

prohibitions

against

the

right

of

set-off

that

may

be

imposed

in

accordance

with

a

particular

jurisdiction's

bankruptcy

or

insolvency

laws.

The

Funds'

loaned

securities

were

all

subject

to

enforceable

Securities

Lending

Agreements

and

the

value

of

the

collateral

was

at

least

equal

to

the

value

of

the

cash

received.

The

Funds'

risks

include,

but

are

not

limited

to,

the

following:

Foreign

and

Emerging

Countries

Risk

—

Investing

in

foreign

markets

may

involve

special

risks

and

considerations

not

typically

associated

with

investing

in

the

U.S.

Foreign

securities

may

be

subject

to

risk

of

loss

because

of

more

or

less

foreign

government

regulation;

less

public

information;

less

stringent

investor

protections;

less

stringent

accounting,

corporate

governance,

financial

reporting

and

disclosure

standards;

and

less

economic,

political

and

social

stability

in

the

countries

in

which

a

Fund

invests.

The

imposition

of

sanctions,

exchange

controls

(including

repatriation

restrictions),

confiscation

of

assets

and

property,

trade

restrictions

(including

tariffs)

and

other

government

restrictions

by

the

U.S.

or

other

governments,

or

from

problems

in

registration,

settlement

or

custody,

may

also

result

in

losses.

The

type

and

severity

of

sanctions

and

other

similar

measures,

including

counter

sanctions

and

other

retaliatory

actions,

that

may

be

imposed

could

vary

broadly

in

scope,

and

their

impact

is

impossible

to

predict.

For

example,

the

imposition

of

sanctions

and

other

similar

measures

could,

among

other

things,

cause

a

decline

in

the

value

and/or

liquidity

of

securities

issued

by

the

sanctioned

country

or

companies

located

in

or

economically

tied

to

the

sanctioned

country

and

increase

market

volatility

and

disruption

in

the

sanctioned

country

and

throughout

the

world.

Sanctions

and

other

similar

measures

could

limit

or

prevent

a

Fund

from

buying

and

selling

securities

(in

the

sanctioned

country

and

other

markets),

significantly

delay

or

prevent

the

settlement

of

securities

transactions,

and

significantly

impact

a

Fund's

liquidity

and

performance.

Foreign

risk

also

involves

the

risk

of

negative

foreign

currency

exchange

rate

fluctuations,

which

may

cause

the

value

of

securities

denominated

in

such

foreign

currency

(or

other

instruments

through

which

a

Fund

has

exposure

to

foreign

currencies)

to

decline

in

value.

Currency

exchange

rates

may

fluctuate

significantly

over

short

periods

of

time.

To

the

extent

that

a

Fund

also

invests

in

securities

of

issuers

located

in,

or

economically

tied

to,

emerging

markets,

these

risks

may

be

more

pronounced.

Foreign

Custody

Risk

—

The

Funds

invest

in

foreign

securities,

and

as

such

the

Funds

may

hold

such

securities

and

cash

with

foreign

banks,

agents,

and

securities

depositories

appointed

by

a

Fund's

custodian

(each

a

"Foreign

Custodian").

Some

foreign

custodians

may

be

recently

organized

or

new

to

the

foreign

custody

business.

In

some

countries,

Foreign

Custodians

may

be

subject

to

little

or

no

regulatory

oversight

over,

or

independent

evaluation

of,

their

operations.

Further,

the

laws

of

certain

countries

may

place

limitations

on

a

Fund's

ability

to

recover

its

assets

if

a

Foreign

Custodian

enters

bankruptcy.

Investments

in

emerging

markets

may

be

subject

to

even

greater

custody

risks

than

investments

in

more

developed

markets.

Custody

services

in

emerging

market

countries

are

very

often

undeveloped

and

may

be

considerably

less

well

regulated

than

in

more

developed

countries,

and

thus

may

not

afford

the

same

level

of

investor

protection

as

would

apply

in

developed

countries.

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Future

Thematic

Equity

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

Geographic

Risk

—

If

a

Fund

focuses

its

investments

in

securities

of

issuers

located

in

a

particular

country

or

geographic

region,

the

Fund

may

be

subjected,

to

a

greater

extent

than

if

its

investments

were

less

focused,

to

the

risks

of

volatile

economic

cycles

and/

or

conditions

and

developments

that

may

be

particular

to

that

country

or

region,

such

as:

adverse

securities

markets;

adverse

exchange

rates;

adverse

social,

political,

regulatory,

economic,

business,

environmental

or

other

developments;

or

natural

disasters.

Investment

Style

Risk

—

Different

investment

styles

(e.g.,

growth,

value

or

quantitative)

tend

to

shift

in

and

out

of

favor

depending

upon

market

and

economic

conditions

and

investor

sentiment.

The

Fund

may

outperform

or

underperform

other

funds

that

invest

in

similar

asset

classes

but

employ

different

investment

styles.

Issuer

Concentration

Risk

—

The

Funds

may

invest

in

a

relatively

small

number

of

issuers.

As

a

result,

they

may

be

subject

to

greater

risks

than

a

fund

that

invests

in

a

greater

number

of

issuers.

A

change

in

the

value

of

any

single

investment

held

by

the

Funds

may

affect

the

overall

value

of

the

Funds

more

than

it

would

affect

a

mutual

fund

that

holds

more

investments.

In

particular,

the

Funds

may

be

more

susceptible

to

adverse

developments

affecting

any

single

issuer

in

the

Funds

and

may

be

susceptible

to

greater

losses

because

of

these

developments.

Large

Shareholder

Transaction

Risk

—

Certain

shareholders,

including

other

funds

advised

by

the

Investment

Adviser,

may

from

time

to

time

own

a

substantial

amount

of

the

Fund's

Shares.

In

addition,

a

third

party

investor,

the

Investment

Adviser

or

an

affiliate

of

the

Investment

Adviser,

an

authorized

participant,

a

lead

market

maker,

or

another

entity

(i.e.,

a

seed

investor)

may

invest

in

the

Fund

and

hold

its

investment

solely

to

facilitate

commencement

of

the

Fund

or

to

facilitate

the

Fund's

achieving

a

specified

size

or

scale.

Any

such

investment

may

be

held

for

a

limited

period

of

time.

There

can

be

no

assurance

that

any

large

shareholder

would

not

redeem

its

investment,

that

the

size

of

the

Fund

would

be

maintained

at

such

levels

or

that

the

Fund

would

continue

to

meet

applicable

listing

requirements.

Redemptions

by

large

shareholders

could

have

a

significant

negative

impact

on

the

Fund,

including

on

the

Fund's

liquidity.

In

addition,

transactions

by

large

shareholders

may

account

for

a

large

percentage

of

the

trading

volume

on

NYSE

Arca

and

may,

therefore,

have

a

material

upward

or

downward

effect

on

the

market

price

of

the

Shares.

Market

and

Credit

Risks

—

In

the

normal

course

of

business,

a

Fund

trades

financial

instruments

and

enters

into

financial

transactions

where

risk

of

potential

loss

exists

due

to

changes

in

the

market

(market

risk).

The

value

of

the

securities

in

which

a

Fund

invests

may

go

up

or

down

in

response

to

the

prospects

of

individual

companies,

particular

sectors

or

governments

and/or

general

economic

conditions

throughout

the

world

due

to

increasingly

interconnected

global

economies

and

financial

markets.

Events

such

as

war,

military

conflict,

geopolitical

disputes,

acts

of

terrorism,

social

or

political

unrest,

natural

disasters,

recessions,

inflation,

rapid

interest

rate

changes,

supply

chain

disruptions,

tariffs

and

other

restrictions

on

trade,

sanctions

or

the

spread

of

infectious

illness

or

other

public

health

threats,

or

the

threat

or

potential

of

one

or

more

such

events

and

developments,

could

also

significantly

impact

a

Fund

and

its

investments.

Additionally,

a

Fund

may

also

be

exposed

to

credit

risk

in

the

event

that

an

issuer

or

guarantor

fails

to

perform

or

that

an

institution

or

entity

with

which

the

Fund

has

unsettled

or

open

transactions

defaults.

Market

Trading

Risk

—

Each

Fund

faces

numerous

market

trading

risks,

including

disruptions

to

creations

and

redemptions,

the

existence

of

extreme

market

volatility

or

potential

lack

of

an

active

trading

market

for

Shares.

If

a

shareholder

purchases

Shares

at

a

time

when

the

market

price

is

at

a

premium

to

the

NAV

or

sells

Shares

at

a

time

when

the

market

price

is

at

a

discount

to

the

NAV,

the

shareholder

may

pay

more

for,

or

receive

less

than,

the

underlying

value

of

the

Shares,

respectively.

The

Investment

Adviser

cannot

predict

whether

Shares

will

trade

below,

at

or

above

their

NAV.

Price

differences

may

be

due,

in

large

part,

to

the

fact

that

supply

and

demand

forces

at

work

in

the

secondary

trading

market

for

Shares

will

be

closely

related

to,

but

not

identical

to,

the

same

forces

influencing

the

prices

of

the

securities

of

a

Fund's

Index

trading

individually

or

in

the

aggregate

at

any

point

in

time.

Mid-Cap

and

Small-Cap

Risk

—

Investments

in

mid-capitalization

and

small-capitalization

companies

involve

greater

risks

than

those

associated

with

larger,

more

established

companies.

These

securities

may

be

subject

to

more

abrupt

or

erratic

price

movements

and

may

lack

sufficient

market

liquidity,

and

these

issuers

often

face

greater

business

risks.

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Future

Thematic

Equity

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

Non-Diversification

Risk

—

The

Funds

are

non-diversified,

meaning

that

they

are

permitted

to

invest

a

larger

percentage

of

their

assets

in

one

or

more

issuers

or

in

fewer

issuers

than

diversified

funds.

Thus,

a

Fund

may

be

more

susceptible

to

adverse

developments

affecting

any

single

issuer

held

in

its

portfolio,

and

may

be

more

susceptible

to

greater

losses

because

of

these

developments.

Seed

Investor

Risk

—

GSAM

and/or

its

affiliates

may

make

payments

to

one

or

more

investors

that

contribute

seed

capital

to

the

Fund.

Such

payments

may

continue

for

a

specified

period

of

time

and/or

until

a

specified

dollar

amount

is

reached.

Those

payments

will

be

made

from

the

assets

of

GSAM

and/or

such

affiliates

(and

not

the

Fund).

There

is

a

risk

that

such

seed

investors

may

redeem

their

investments

in

the

Fund,

particularly

after

payments

from

GSAM

and/or

its

affiliates

have

ceased.

As

with

redemptions

by

other

large

shareholders,

such

redemptions

could

have

a

significant

negative

impact

on

the

Fund,

including

on

the

Fund's

liquidity

and

the

market

price

of

the

Fund's

Shares.

Thematic

Investing

Risk

—

The

Fund's

thematic

investment

strategy

limits

the

universe

of

investment

opportunities

available

to

the

Fund

and

will

affect

the

Fund's

exposure

to

certain

companies,

sectors,

regions,

and

countries,

which

may

result

in

the

Fund

forgoing

opportunities

to

buy

or

sell

certain

securities

when

it

might

otherwise

be

advantageous

to

do

so.

Adhering

to

the

Fund's

thematic

investment

strategy

may

also

affect

the

Fund's

performance

relative

to

similar

funds

that

do

not

seek

to

invest

in

companies

exposed

to

certain

themes.

There

is

no

guarantee

that

the

Investment

Adviser's

views,

security

selection

criteria

or

investment

judgment

will

reflect

the

beliefs

or

values

of

any

particular

investor.

In

addition,

the

Investment

Adviser

is

not

required

to

monitor

on

an

ongoing

basis

whether

a

current

holding

continues

to

be

aligned

with

one

or

more

themes

or

otherwise

associated

with

certain

themes.

The

Fund

is

not

required

to

sell,

and

may

instead

add

to,

positions

in

holdings

that

no

longer

continue

to

be

aligned

with

one

or

more

of

the

Key

Themes

or

associated

with

these

themes.

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

## 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 ETF Trust

- **b. Investment Company Act file number:** 811-23013

- **c. CIK number of Registrant:** 0001479026

- **d. LEI of Registrant:** 549300VEZF7K2ES5WL82

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

  - **Street Address 1:** 200 West Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

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

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

- **a. Name of Series:** Goldman Sachs Future Tech Leaders Equity ETF

- **b. EDGAR series identifier (if any):** S000071430

- **c. LEI of Series:** 5493006CYH2RTI9MVP51

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $181145813.61

**Total Liabilities:** $765355.33

**Net Assets:** $180380458.28

**Cash Not Reported:** $11068.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226526 | 6.06%                | 5.94%                | -5.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $839249.83               | $9739387.05                                |
| Month 2  | $-1805179.29             | $13048999.01                               |
| Month 3  | $3169919.34              | $-13061018.79                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Accton Technology Corp                                      | Accton Technology Corp                                      | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    115363 | NS      | $3767630.24   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                                 | MongoDB Inc                                                 | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      8943 | NS      | $2972384.91   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc                                               | CoreWeave Inc                                               | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |     13472 | NS      | $985072.64    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                               | AppLovin Corp                                               | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      7618 | NS      | $4566838.64   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                    | Microchip Technology Inc                                    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     33247 | NS      | $1781374.26   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                                                   | Hoya Corp                                                   | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     16045 | NS      | $2411119.83   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                                 | Samsara Inc                                                 | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97117 | NS      | $3693359.51   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                                 | Zscaler Inc                                                 | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      9420 | NS      | $2369130.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                                       | Micron Technology Inc                                       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     11381 | NS      | $2691378.88   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Elite Material Co Ltd                                       | Elite Material Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     39704 | NS      | $1929220.97   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                                  | Elastic NV                                                  | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | US        |     11615 | NS      | $819205.95    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                                 | NetEase Inc                                                 | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |    123698 | NS      | $3400042.64   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                                 | Jack Henry & Associates Inc                                 | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      7187 | NS      | $1253987.76   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                                 | ROBLOX Corp                                                 | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21805 | NS      | $2072129.15   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Coforge Ltd                                                 | Coforge Ltd                                                 | CUSIP: 000000000<br>LEI: 3358004YL9JGBNP4KF72 | Long             | EC               | CORP              | IN        |    102446 | NS      | $2186072.06   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc                                                | SK hynix Inc                                                | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     19427 | NS      | $7001196.75   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                               | Amphenol Corp                                               | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     40581 | NS      | $5717862.90   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Jentech Precision Industrial C                              | Jentech Precision Industrial Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     53063 | NS      | $4911518.72   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                               | Dynatrace Inc                                               | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     80656 | NS      | $3594031.36   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuaishou Technology                                         | Kuaishou Technology                                         | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | CN        |    251835 | NS      | $2193076.06   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambricon Technologies Corp Lt                              | Cambricon Technologies Corp Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6726 | NS      | $1266426.56   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                 | Shopify Inc                                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     17323 | NS      | $2748120.72   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                                                 | Eternal Ltd                                                 | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    758112 | NS      | $2543496.59   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                                  | Cadence Design Systems Inc                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     17609 | NS      | $5491190.56   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                                      | Tyler Technologies Inc                                      | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      3566 | NS      | $1674664.92   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                                          | Cellnex Telecom SA                                          | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     54589 | NS      | $1638316.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                                      | Marvell Technology Inc                                      | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51024 | NS      | $4561545.60   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                               | Coherent Corp                                               | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     12120 | NS      | $1990831.20   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ebara Corp                                                  | Ebara Corp                                                  | CUSIP: 000000000<br>LEI: 353800UV8U3SOMCDTI49 | Long             | EC               | CORP              | JP        |    135833 | NS      | $3558380.67   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV                                        | ASM International NV                                        | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      3184 | NS      | $1752999.56   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE FUNDS PRIME OBLIGATIONS FUND | GOLDMAN SACHS FINANCIAL SQUARE FUNDS PRIME OBLIGATIONS FUND | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    715322 | NS      | $715321.56    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc                                       | Delta Electronics Inc                                       | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    165709 | NS      | $4920847.16   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Square Co Ltd                                            | SK Square Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9817 | NS      | $1989233.33   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information                               | Fidelity National Information Services Inc                  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     22134 | NS      | $1455753.18   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Gr                              | Tencent Music Entertainment Group                           | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |     80152 | NS      | $1478804.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Anji Microelectronics Technolo                              | Anji Microelectronics Technology Shanghai Co Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     36590 | NS      | $1044548.62   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Capcom Co Ltd                                               | Capcom Co Ltd                                               | CUSIP: 000000000<br>LEI: 529900JJWQKXS3TC8744 | Long             | EC               | CORP              | JP        |     66925 | NS      | $1639566.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Daifuku Co Ltd                                              | Daifuku Co Ltd                                              | CUSIP: 000000000<br>LEI: 3538006FG1W4X3MYHL36 | Long             | EC               | CORP              | JP        |    118531 | NS      | $3753038.58   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                              | Chroma ATE Inc                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     59013 | NS      | $1539960.08   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NAURA Technology Group Co Ltd                               | NAURA Technology Group Co Ltd                               | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |     45259 | NS      | $2739632.63   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                                   | Toast Inc                                                   | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     38124 | NS      | $1303459.56   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Klarna Group PLC                                            | Klarna Group PLC                                            | CUSIP: 000000000<br>LEI: 636700HER4JIK7GZUN17 | Long             | EC               | CORP              | GB        |     49595 | NS      | $1560754.65   | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Snowflake Inc                                               | Snowflake Inc                                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     21551 | NS      | $5414473.24   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                      | Motorola Solutions Inc                                      | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      8455 | NS      | $3125644.40   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotes Co Ltd                                                | Lotes Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     59748 | NS      | $2493862.67   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                                | MediaTek Inc                                                | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    102417 | NS      | $4552229.25   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                                 | HubSpot Inc                                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      6214 | NS      | $2282526.48   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                                                | Netskope Inc                                                | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |     43342 | NS      | $796625.96    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                            | MercadoLibre Inc                                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1042 | NS      | $2158794.76   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Treasury Obligations Fund    | Goldman Sachs Financial Square Treasury Obligations Fund    | CUSIP: 38141W323<br>LEI: 549300C0TCI4VJPGCS21 | Long             | STIV             | RF                | US        |   5006935 | NS      | $5006934.90   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                                              | Cloudflare Inc                                              | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     17495 | NS      | $3502673.95   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc                                          | E Ink Holdings Inc                                          | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |    239395 | NS      | $1464516.17   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Persistent Systems Ltd                                      | Persistent Systems Ltd                                      | CUSIP: 000000000<br>LEI: 3358006QYD77Z66S1J89 | Long             | EC               | CORP              | IN        |     42723 | NS      | $3034396.93   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp                                              | Advantest Corp                                              | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     33047 | NS      | $4357206.18   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                                | DoorDash Inc                                                | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     11024 | NS      | $2186830.88   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                                  | Ciena Corp                                                  | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      7083 | NS      | $1446419.43   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                       | Spotify Technology SA                                       | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      6535 | NS      | $3913615.45   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                                    | KLA Corp                                                    | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3406 | NS      | $4003650.82   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                                          | Trip.com Group Ltd                                          | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |     36363 | NS      | $2498741.91   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co Ltd                                      | SCREEN Holdings Co Ltd                                      | CUSIP: 000000000<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |     20971 | NS      | $1727537.36   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                                 | Datadog Inc                                                 | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     24168 | NS      | $3867121.68   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                                    | Infineon Technologies AG                                    | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     82615 | NS      | $3483279.89   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                                              | Monday.com Ltd                                              | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      9512 | NS      | $1368396.32   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                                | Teradyne Inc                                                | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     18317 | NS      | $3331679.13   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| IsuPetasys Co Ltd                                           | IsuPetasys Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     39123 | NS      | $3830763.27   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** Goldman Sachs ETF Trust

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer