# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0000940400-26-007148
**Filing Date:** 2026-2
**Character Count:** 22907
**Document Hash:** e54dabfdf186142d1c1b9ae9f4955bdb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007148.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000940400-26-007148

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**PERIOD START**: 20251231

**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:** 26664266

**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 Global Infrastructure Fund (Series ID: S000050577)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000159640 | Class A Shares       | GGIAX           |
| C000159641 | Class C Shares       | GGICX           |
| C000159642 | Institutional Shares | GGIDX           |
| C000159643 | Investor Shares      | GGINX           |
| C000159645 | Class R6 Shares      | GGIJX           |
| C000201776 | Class P Shares       | GGWPX           |

## 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 Global Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000050577

- **c. LEI of Series:** 54930073G57DO7G34278

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $101199972.83

**Total Liabilities:** $856626.24

**Net Assets:** $100343346.59

**Cash Not Reported:** $75984.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000159640 | -2.14%               | 3.77%                | -0.83%               |
| Class ID C000159641 | -2.25%               | 3.76%                | -0.92%               |
| Class ID C000159642 | -2.15%               | 3.79%                | -0.84%               |
| Class ID C000159643 | -2.15%               | 3.87%                | -0.84%               |
| Class ID C000159645 | -2.15%               | 3.80%                | -0.83%               |
| Class ID C000201776 | -2.16%               | 3.88%                | -0.83%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $489841.92               | $-2753488.29                               |
| Month 2  | $767799.99               | $2704168.36                                |
| Month 3  | $496331.03               | $-1605463.24                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| STANDARD CHARTERED BANK                        | CURRENCY CONTRACT - USD                         | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1.07         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co Ltd                               | Osaka Gas Co Ltd                                | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |      8600 | NS      | $298823.14    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                              | National Grid PLC                               | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    419434 | NS      | $6433487.67   | 6.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Arteria Ltd                              | Atlas Arteria Ltd                               | CUSIP: 000000000<br>LEI: 254900SGF4ZQDBH2YC59 | Long             | EC               | CORP              | AU        |    274430 | NS      | $892592.09    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro One Ltd                                  | Hydro One Ltd                                   | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     40006 | NS      | $1592603.43   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd                        | ENN Energy Holdings Ltd                         | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |    132800 | NS      | $1181240.82   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Rockpoint Gas Storage Inc                      | Rockpoint Gas Storage Inc                       | CUSIP: 773915103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     26892 | NS      | $548596.41    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                        | E.ON SE                                         | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     90359 | NS      | $1710941.53   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                           | Williams Cos Inc/The                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     56123 | NS      | $3373553.53   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                           | Targa Resources Corp                            | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     17379 | NS      | $3206425.50   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                    | Ameren Corp                                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     10390 | NS      | $1037545.40   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp                          | Pembina Pipeline Corp                           | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     54285 | NS      | $2068094.17   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                   | NiSource Inc                                    | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     18297 | NS      | $764082.72    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp                                 | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     19827 | NS      | $1386502.11   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                        | SBA Communications Corp                         | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     11960 | NS      | $2313422.80   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam SpA                                       | Snam SpA                                        | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |    331505 | NS      | $2202810.03   | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fraport AG Frankfurt Airport S                 | Fraport AG Frankfurt Airport Services Worldwide | CUSIP: 000000000<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |     11407 | NS      | $932780.80    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                             | Cellnex Telecom SA                              | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     77054 | NS      | $2481268.32   | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Edison International                           | Edison International                            | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     10717 | NS      | $643234.34    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | Vinci SA                                        | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     41142 | NS      | $5787987.46   | 5.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                | Xcel Energy Inc                                 | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     13346 | NS      | $985735.56    | 0.98%             |  |  |  | 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        |   2740872 | NS      | $2740872.03   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Group                                      | APA Group                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    247007 | NS      | $1475919.34   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK Inc                                      | ONEOK Inc                                       | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     21105 | NS      | $1551217.50   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                      | PG&E Corp                                       | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    179221 | NS      | $2880081.47   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                         | CenterPoint Energy Inc                          | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     53446 | NS      | $2049119.64   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enav SpA                                       | Enav SpA                                        | CUSIP: 000000000<br>LEI: 81560048ECF8D2059980 | Long             | EC               | CORP              | IT        |    220870 | NS      | $1220613.37   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Airports of Thailand PCL                       | Airports of Thailand PCL                        | CUSIP: 000000000<br>LEI: 5299006VS4CU6LW0TY22 | Long             | EC               | CORP              | TH        |    194700 | NS      | $326640.28    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Inc/Canada                              | Fortis Inc/Canada                               | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     16747 | NS      | $870690.26    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corp                                       | BKV Corp                                        | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |     17007 | NS      | $461740.05    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                               | Severn Trent PLC                                | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |     44143 | NS      | $1657618.26   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| American Water Works Co Inc                    | American Water Works Co Inc                     | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      6987 | NS      | $911803.50    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                       | Engie SA                                        | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     36438 | NS      | $957203.18    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                                 | TC Energy Corp                                  | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     50651 | NS      | $2789117.03   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                               | Crown Castle Inc                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     11419 | NS      | $1014806.53   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                            | Cheniere Energy Inc                             | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     15762 | NS      | $3063975.18   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                                    | Aena SME SA                                     | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     23461 | NS      | $655520.97    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                               | Transurban Group                                | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    137236 | NS      | $1298747.05   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SE                                   | Ferrovial SE                                    | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     46655 | NS      | $3022811.68   | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sempra                                         | Sempra                                          | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     32419 | NS      | $2862273.51   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                   | Enbridge Inc                                    | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    166496 | NS      | $7967256.04   | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                           | Kinetik Holdings Inc                            | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13311 | NS      | $479861.55    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                              | Kinder Morgan Inc                               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     68402 | NS      | $1880370.98   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                            | American Tower Corp                             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     35114 | NS      | $6164964.98   | 6.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                              | Atmos Energy Corp                               | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     12689 | NS      | $2127057.07   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                        | Consolidated Edison Inc                         | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     12780 | NS      | $1269309.60   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                    | Exelon Corp                                     | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     41725 | NS      | $1818792.75   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                               | DT Midstream Inc                                | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18866 | NS      | $2257882.88   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                              | Eversource Energy                               | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     10706 | NS      | $720834.98    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                    | Equinix Inc                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1297 | NS      | $993709.52    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy Inc                              | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     12226 | NS      | $981503.28    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                        | Veolia Environnement SA                         | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     25116 | NS      | $873974.46    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifi                 | Grupo Aeroportuario del Pacifico SAB de CV      | CUSIP: 000000000<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     50290 | NS      | $1321126.61   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-21

**Name of Applicant:** Goldman Sachs Trust

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer