# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-26-002729
**Filing Date:** 2026-1
**Character Count:** 84904
**Document Hash:** d452d10d08a4b48a935289c5431df48f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002729.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002729

**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:** 26565541

**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 Enhanced U.S. Equity ETF (Series ID: S000094964)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000263543 | Goldman Sachs Enhanced U.S. Equity ETF | GUSE            |

## Nport-Ex

Goldman

Sachs

Enhanced

U.S.

Equity

ETF

Schedule

of

Investments

November

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –

#### 99.7%

#### Aerospace

#### &

#### Defense

#### –

#### 1.3%
8,621

L3Harris

Technologies,

Inc.

$

2,402,586

7,154

Woodward,

Inc.

2,146,415

4,549,001

#### Automobile

#### Components

#### –

#### 0.6%
25,873

Aptiv

PLC\*

2,006,451

#### Automobiles

#### –

#### 1.7%
13,361

Tesla,

Inc.\*

5,747,501

#### Banks

#### –

#### 3.4%
81,019

Bank

of

America

Corp.

4,346,669

17,647

JPMorgan

Chase &

Co.

5,524,923

13,569

Wintrust

Financial

Corp.

1,818,517

11,690,109

#### Beverages

#### –

#### 0.4%
16,804

Coca-Cola

Europacific

Partners

PLC

(United

Kingdom)

1,540,759

#### Biotechnology

#### –

#### 1.8%
14,710

AbbVie,

Inc.

3,349,467

2,343

Argenx

SE

ADR

(Netherlands)\*

2,136,769

6,134

Neurocrine

Biosciences,

Inc.\*

933,350

6,419,586

#### Broadline

#### Retail

#### –

#### 4.4%
66,214

Amazon.com,

Inc.\*

15,442,429

#### Building

#### Products

#### –

#### 0.8%
5,930

Advanced

Drainage

Systems,

Inc.

903,613

16,935

Builders

FirstSource,

Inc.\*

1,900,615

2,804,228

#### Capital

#### Markets

#### –

#### 3.6%
58,525

Blue

Owl

Capital,

Inc.

877,875

18,656

Charles

Schwab

Corp.

(The)

1,729,971

77,020

Invesco

Ltd.

1,883,139

17,623

Morgan

Stanley

2,989,918

3,506

MSCI,

Inc.

1,976,402

13,747

Nasdaq,

Inc.

1,249,877

11,875

Raymond

James

Financial,

Inc.

1,858,913

12,566,095

#### Chemicals

#### –

#### 1.5%
12,555

RPM

International,

Inc.

1,346,524

6,159

Sherwin-Williams

Co.

(The)

2,116,786

19,207

Solstice

Advanced

Materials,

Inc.\*

915,790

13,296

Westlake

Corp.

888,306

5,267,406

#### Communications

#### Equipment

#### –

#### 0.3%
2,911

Motorola

Solutions,

Inc.

1,076,138

#### Consumer

#### Staples

#### Distribution

#### &

#### Retail

#### –

#### 2.4%
1,515

Casey's

General

Stores,

Inc.

864,247

806

Costco

Wholesale

Corp.

736,353

18,252

Performance

Food

Group

Co.\*

1,771,722

44,613

Walmart,

Inc.

4,930,183

8,302,505

#### Containers

#### &

#### Packaging

#### –

#### 0.6%
49,349

International

Paper

Co.

1,948,299

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Diversified

#### Telecommunication

#### Services

#### –

#### 0.5%
73,041

AT&T,

Inc.

$

1,900,527

#### Electric

#### Utilities

#### –

#### 0.8%
68,190

PG&E

Corp.

1,099,223

47,936

PPL

Corp.

1,768,838

2,868,061

#### Electrical

#### Equipment

#### –

#### 2.2%
11,442

AMETEK,

Inc.

2,264,257

4,526

GE

Vernova,

Inc.

2,714,559

6,586

Rockwell

Automation,

Inc.

2,607,134

7,585,950

#### Electronic

#### Equipment,

#### Instruments

#### &

#### Components

#### –

#### 0.5%
8,055

Jabil,

Inc.

1,697,269

#### Entertainment

#### –

#### 1.3%
12,835

Live

Nation

Entertainment,

Inc.\*

1,687,160

11,786

Netflix,

Inc.\*

1,267,938

2,471

Spotify

Technology

SA\*

1,479,808

4,434,906

#### Financial

#### Services

#### –

#### 3.7%
7,727

Berkshire

Hathaway,

Inc.,

Class

B\*

3,970,210

5,105

Corpay,

Inc.\*

1,510,059

16,778

Fidelity

National

Information

Services,

Inc.

1,103,489

8,751

Mastercard,

Inc.,

Class

A

4,817,688

4,630

Visa,

Inc.,

Class

A

1,548,457

12,949,903

#### Ground

#### Transportation

#### –

#### 0.5%
13,803

Old

Dominion

Freight

Line,

Inc.

1,867,408

#### Health

#### Care

#### Equipment

#### &

#### Supplies

#### –

#### 2.2%
24,443

Abbott

Laboratories

3,150,702

24,191

Boston

Scientific

Corp.\*

2,457,322

29,774

Dexcom,

Inc.\*

1,889,756

7,497,780

#### Health

#### Care

#### Providers

#### &

#### Services

#### –

#### 1.1%
5,309

Cencora,

Inc.

1,958,649

10,364

Quest

Diagnostics,

Inc.

1,960,662

3,919,311

#### Health

#### Care

#### REITs

#### –

#### 0.4%
15,408

Ventas,

Inc.

REIT

1,242,347

#### Hotels,

#### Restaurants

#### &

#### Leisure

#### –

#### 1.3%
3,553

Domino's

Pizza,

Inc.

1,490,945

26,465

Starbucks

Corp.

2,305,366

5,155

Texas

Roadhouse,

Inc.

903,414

4,699,725

#### Household

#### Durables

#### –

#### 0.6%
12,667

D.R.

Horton,

Inc.

2,014,180

#### Household

#### Products

#### –

#### 0.8%
19,743

Procter &

Gamble

Co.

(The)

2,925,123

#### Independent

#### Power

#### and

#### Renewable

#### Electricity

#### Producers

#### –

#### 0.6%
12,099

Vistra

Corp.

2,164,027

#### Industrial

#### Conglomerates

#### –

#### 0.6%
10,661

Honeywell

International,

Inc.

2,048,938

Goldman

Sachs

Enhanced

U.S.

Equity

ETF

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Insurance

#### –

#### 2.1%
4,993

Allstate

Corp.

(The)

$

1,063,409

12,361

American

Financial

Group,

Inc.

1,702,357

7,046

Globe

Life,

Inc.

949,308

7,233

Marsh

&

McLennan

Cos.,

Inc.

1,326,894

7,564

Travelers

Cos.,

Inc.

(The)

2,215,193

7,257,161

#### Interactive

#### Media

#### &

#### Services

#### –

#### 8.1%
35,000

Alphabet,

Inc.,

Class

A

11,206,300

20,742

Alphabet,

Inc.,

Class

C

6,639,929

16,091

Meta

Platforms,

Inc.,

Class

A

10,426,163

28,272,392

#### IT

#### Services

#### –

#### 0.5%
7,105

Snowflake,

Inc.\*

1,785,060

#### Life

#### Sciences

#### Tools

#### &

#### Services

#### –

#### 1.3%
15,840

Agilent

Technologies,

Inc.

2,431,440

1,371

Mettler-Toledo

International,

Inc.\*

2,024,583

4,456,023

#### Machinery

#### –

#### 2.3%
4,258

Caterpillar,

Inc.

2,451,586

22,809

Ingersoll

Rand,

Inc.

1,832,475

10,419

ITT,

Inc.

1,918,763

23,727

Stanley

Black

&

Decker,

Inc.

1,696,955

7,899,779

#### Media

#### –

#### 0.3%
16,497

New

York

Times

Co.

(The),

Class

A

1,064,057

#### Multi-Utilities

#### –

#### 1.1%
18,002

Ameren

Corp.

1,914,513

23,923

CMS

Energy

Corp.

1,804,751

3,719,264

#### Oil,

#### Gas

#### &

#### Consumable

#### Fuels

#### –

#### 2.8%
29,020

Devon

Energy

Corp.

1,075,481

16,212

Expand

Energy

Corp.

1,976,729

38,589

Exxon

Mobil

Corp.

4,473,237

16,215

Phillips

2,220,807

9,746,254

#### Passenger

#### Airlines

#### –

#### 0.7%
23,681

United

Airlines

Holdings,

Inc.\*

2,414,515

#### Pharmaceuticals

#### –

#### 3.2%
10,248

AstraZeneca

PLC

ADR

(United

Kingdom)

950,194

4,746

Eli

Lilly

&

Co.

5,104,181

23,862

Johnson &

Johnson

4,937,525

10,991,900

#### Real

#### Estate

#### Management

#### &

#### Development

#### –

#### 0.3%
7,473

CBRE

Group,

Inc.,

Class

A\*

1,209,356

#### Residential

#### REITs

#### –

#### 1.1%
10,628

AvalonBay

Communities,

Inc.

REIT

1,933,659

11,298

Equity

LifeStyle

Properties,

Inc.

REIT

710,305

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Residential

#### REITs

#### –
(continued)

7,569

Mid-America

Apartment

Communities,

Inc.

REIT

$

1,028,551

3,672,515

#### Semiconductors

#### &

#### Semiconductor

#### Equipment

#### –

#### 14.9%
29,521

Broadcom,

Inc.

11,895,782

1,538

KLA

Corp.

1,807,873

19,581

Lam

Research

Corp.

3,054,636

19,685

Marvell

Technology,

Inc.

1,759,839

11,151

Micron

Technology,

Inc.

2,636,989

152,725

NVIDIA

Corp.

27,032,325

5,977

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

ADR

(Taiwan)

1,742,355

10,437

Teradyne,

Inc.

1,898,386

51,828,185

#### Software

#### –

#### 9.7%
4,839

AppLovin

Corp.,

Class

A\*

2,900,884

14,292

Datadog,

Inc.,

Class

A\*

2,286,863

29,867

Dynatrace,

Inc.\*

1,330,873

46,881

Microsoft

Corp.

23,065,921

3,559

Oracle

Corp.

718,740

2,698

Palantir

Technologies,

Inc.,

Class

A\*

454,478

12,434

Salesforce,

Inc.

2,866,534

33,624,293

#### Specialized

#### REITs

#### –

#### 0.4%
52,238

VICI

Properties,

Inc.

REIT

1,505,499

#### Specialty

#### Retail

#### –

#### 2.1%

AutoZone,

Inc.\*

1,965,302

8,173

Home

Depot,

Inc.

(The)

2,917,107

13,346

Ross

Stores,

Inc.

2,353,701

7,236,110

#### Technology

#### Hardware,

#### Storage

#### &

#### Peripherals

#### –

#### 7.4%
81,543

Apple,

Inc.

22,738,266

7,430

Dell

Technologies,

Inc.,

Class

C

990,790

13,409

Western

Digital

Corp.

2,190,092

25,919,148

#### Textiles,

#### Apparel

#### &

#### Luxury

#### Goods

#### –

#### 0.5%
16,295

Tapestry,

Inc.

1,780,718

#### Trading

#### Companies

#### &

#### Distributors

#### –

#### 0.6%
48,770

Fastenal

Co.

1,970,308

#### Wireless

#### Telecommunication

#### Services

#### –

#### 0.4%
7,091

T-Mobile

US,

Inc.

1,482,090

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $202,563,435)
347,010,589

Goldman

Sachs

Enhanced

U.S.

Equity

ETF

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

#### \*\*End

#### swaps

#### header\*\*

#### Shares

#### Dividend

#### Rate

#### Value
aa

#### Investment

#### Company

#### –

#### 0.2%
(a) Goldman

Sachs

Financial

Square

Government

Fund

-

Institutional

Shares

644,835

3.928%

$

644,835

(Cost

$644,835)

#### TOTAL

#### INVESTMENTS

#### –

#### 99.9%

#### (Cost

#### $203,208,270)
$

347,655,424

#### OTHER

#### ASSETS

#### IN

#### EXCESS

#### OF

#### LIABILITIES

#### –

#### 0.1%
228,360

#### NET

#### ASSETS

#### –

#### 100.0%
$

347,883,784

&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

REIT

—

Real

Estate

Investment

Trust

Goldman

Sachs

Growth

Opportunities

ETF

Schedule

of

Investments

November

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –

#### 97.7%

#### Aerospace

#### &

#### Defense

#### –

#### 1.5%
8,122

General

Electric

Co.

$

2,424,011

#### Automobiles

#### –

#### 2.2%
8,225

Tesla,

Inc.\*

3,538,148

#### Banks

#### –

#### 2.1%
24,919

Bank

of

America

Corp.

1,336,905

6,615

JPMorgan

Chase &

Co.

2,071,024

3,407,929

#### Biotechnology

#### –

#### 1.7%
1,166

Argenx

SE

ADR

(Netherlands)\*

1,063,369

8,119

Insmed,

Inc.\*

1,686,884

2,750,253

#### Broadline

#### Retail

#### –

#### 5.4%
37,464

Amazon.com,

Inc.\*

8,737,354

#### Chemicals

#### –

#### 0.8%
3,651

Sherwin-Williams

Co.

(The)

1,254,812

#### Commercial

#### Services

#### &

#### Supplies

#### –

#### 0.4%
3,554

Waste

Connections,

Inc.

627,459

#### Construction

#### Materials

#### –

#### 0.8%
2,095

Martin

Marietta

Materials,

Inc.

1,305,688

#### Consumer

#### Staples

#### Distribution

#### &

#### Retail

#### –

#### 2.1%
3,738

Costco

Wholesale

Corp.

3,414,999

#### Electrical

#### Equipment

#### –

#### 3.3%
4,457

Eaton

Corp.

PLC

1,541,632

3,348

GE

Vernova,

Inc.

2,008,030

4,733

Rockwell

Automation,

Inc.

1,873,605

5,423,267

#### Entertainment

#### –

#### 3.3%
29,666

Netflix,

Inc.\*

3,191,468

2,222

Spotify

Technology

SA\*

1,330,689

4,746

TKO

Group

Holdings,

Inc.

920,202

5,442,359

#### Financial

#### Services

#### –

#### 2.5%
6,748

Klarna

Group

PLC

(United

Kingdom)\*

212,360

7,215

Mastercard,

Inc.,

Class

A

3,972,074

4,184,434

#### Ground

#### Transportation

#### –

#### 0.4%
4,530

Old

Dominion

Freight

Line,

Inc.

612,864

#### Health

#### Care

#### Equipment

#### &

#### Supplies

#### –

#### 2.1%
10,835

Boston

Scientific

Corp.\*

1,100,619

3,981

Intuitive

Surgical,

Inc.\*

2,283,024

3,383,643

#### Health

#### Care

#### Providers

#### &

#### Services

#### –

#### 0.7%
11,037

Guardant

Health,

Inc.\*

1,196,632

#### Hotels,

#### Restaurants

#### &

#### Leisure

#### –

#### 0.8%
6,822

DoorDash,

Inc.,

Class

A\*

1,353,280

#### Interactive

#### Media

#### &

#### Services

#### –

#### 8.9%
10,543

Alphabet,

Inc.,

Class

A

3,375,658

14,374

Alphabet,

Inc.,

Class

C

4,601,405

9,980

Meta

Platforms,

Inc.,

Class

A

6,466,541

14,443,604

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### IT

#### Services

#### –

#### 1.6%
4,987

Cloudflare,

Inc.,

Class

A\*

$

998,447

6,196

Snowflake,

Inc.\*

1,556,683

2,555,130

#### Oil,

#### Gas

#### &

#### Consumable

#### Fuels

#### –

#### 1.2%
10,817

Targa

Resources

Corp.

1,896,328

#### Pharmaceuticals

#### –

#### 5.0%
9,872

AstraZeneca

PLC

ADR

(United

Kingdom)

915,332

5,041

Eli

Lilly

&

Co.

5,421,444

8,845

Johnson &

Johnson

1,830,207

8,166,983

#### Semiconductors

#### &

#### Semiconductor

#### Equipment

#### –

#### 22.2%
22,138

Broadcom,

Inc.

8,920,729

847

KLA

Corp.

995,623

13,420

Lam

Research

Corp.

2,093,520

14,508

Marvell

Technology,

Inc.

1,297,015

4,723

Micron

Technology,

Inc.

1,116,895

121,941

NVIDIA

Corp.

21,583,557

36,007,339

#### Software

#### –

#### 17.8%
4,251

AppLovin

Corp.,

Class

A\*

2,548,389

7,962

Datadog,

Inc.,

Class

A\*

1,274,000

16,987

Dynatrace,

Inc.\*

756,941

1,535

Intuit,

Inc.

973,313

38,119

Microsoft

Corp.

18,754,929

11,175

Oracle

Corp.

2,256,791

8,947

Palantir

Technologies,

Inc.,

Class

A\*

1,507,122

23,240

Samsara,

Inc.,

Class

A\*

883,817

28,955,302

#### Specialty

#### Retail

#### –

#### 1.2%
3,129

Home

Depot,

Inc.

(The)

1,116,803

4,737

Ross

Stores,

Inc.

835,417

1,952,220

#### Technology

#### Hardware,

#### Storage

#### &

#### Peripherals

#### –

#### 9.2%
53,296

Apple,

Inc.

14,861,590

#### Textiles,

#### Apparel

#### &

#### Luxury

#### Goods

#### –

#### 0.5%
17,479

On

Holding

AG,

Class

A

(Switzerland)\*

768,901

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $55,504,293)
158,664,529

Goldman

Sachs

Growth

Opportunities

ETF

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

#### \*\*End

#### swaps

#### header\*\*

#### Shares

#### Dividend

#### Rate

#### Value
aa

#### Investment

#### Company

#### –

#### 2.2%
(a) Goldman

Sachs

Financial

Square

Government

Fund

-

Institutional

Shares

3,545,032

3.928%

$

3,545,032

(Cost

$3,545,032)

#### TOTAL

#### INVESTMENTS

#### –

#### 99.9%

#### (Cost

#### $59,049,325)
$

162,209,561

#### OTHER

#### ASSETS

#### IN

#### EXCESS

#### OF

#### LIABILITIES

#### –

#### 0.1%
98,870

#### NET

#### ASSETS

#### –

#### 100.0%
$

162,308,431

&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

Goldman

Sachs

Value

Opportunities

ETF

Schedule

of

Investments

November

30,

2025

(Unaudited)

#### \*\*End

#### swaps

#### header\*\*

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –

#### 98.4%

#### Aerospace

#### &

#### Defense

#### –

#### 3.3%
4,918

Woodward,

Inc.

$

1,475,548

#### Banks

#### –

#### 9.4%
39,039

Bank

of

America

Corp.

2,094,443

6,741

JPMorgan

Chase &

Co.

2,110,472

4,204,915

#### Broadline

#### Retail

#### –

#### 4.0%
7,741

Amazon.com,

Inc.\*

1,805,356

#### Capital

#### Markets

#### –

#### 7.2%
12,245

Morgan

Stanley

2,077,487

12,367

Nasdaq,

Inc.

1,124,407

3,201,894

#### Chemicals

#### –

#### 2.8%
3,586

Sherwin-Williams

Co.

(The)

1,232,472

#### Communications

#### Equipment

#### –

#### 2.0%
6,814

Arista

Networks,

Inc.\*

890,453

#### Consumer

#### Finance

#### –

#### 4.3%
8,813

Capital

One

Financial

Corp.

1,930,664

#### Consumer

#### Staples

#### Distribution

#### &

#### Retail

#### –

#### 4.1%
16,768

Walmart,

Inc.

1,853,032

#### Containers

#### &

#### Packaging

#### –

#### 1.8%
20,568

International

Paper

Co.

812,025

#### Electric

#### Utilities

#### –

#### 3.1%
16,060

NextEra

Energy,

Inc.

1,385,817

#### Electrical

#### Equipment

#### –

#### 4.9%
1,778

GE

Vernova,

Inc.

1,066,391

2,894

Rockwell

Automation,

Inc.

1,145,619

2,212,010

#### Ground

#### Transportation

#### –

#### 1.8%
6,113

Old

Dominion

Freight

Line,

Inc.

827,028

#### Health

#### Care

#### Equipment

#### &

#### Supplies

#### –

#### 5.6%
12,845

Abbott

Laboratories

1,655,720

8,246

Boston

Scientific

Corp.\*

837,629

2,493,349

#### Hotels,

#### Restaurants

#### &

#### Leisure

#### –

#### 2.5%
12,627

Starbucks

Corp.

1,099,938

#### Industrial

#### Conglomerates

#### –

#### 6.2%
7,008

3M

Co.

1,205,726

8,141

Honeywell

International,

Inc.

1,564,619

2,770,345

#### Insurance

#### –

#### 3.2%
4,898

Travelers

Cos.,

Inc.

(The)

1,434,428

#### Interactive

#### Media

#### &

#### Services

#### –

#### 7.0%
4,847

Alphabet,

Inc.,

Class

A

1,551,913

2,452

Meta

Platforms,

Inc.,

Class

A

1,588,773

3,140,686

#### Life

#### Sciences

#### Tools

#### &

#### Services

#### –

#### 3.9%
2,946

Thermo

Fisher

Scientific,

Inc.

1,740,585

#### Multi-Utilities

#### –

#### 4.1%
17,043

Ameren

Corp.

1,812,523

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Oil,

#### Gas

#### &

#### Consumable

#### Fuels

#### –

#### 5.1%
9,154

Chevron

Corp.

$

1,383,444

7,304

Expand

Energy

Corp.

890,577

2,274,021

#### Pharmaceuticals

#### –

#### 3.2%
6,905

Johnson &

Johnson

1,428,783

#### Residential

#### REITs

#### –

#### 2.1%
5,234

AvalonBay

Communities,

Inc.

REIT

952,274

#### Semiconductors

#### &

#### Semiconductor

#### Equipment

#### –

#### 2.2%
5,605

NVIDIA

Corp.

992,085

#### Software

#### –

#### 2.2%
4,348

Salesforce,

Inc.

1,002,388

#### Wireless

#### Telecommunication

#### Services

#### –

#### 2.4%
5,197

T-Mobile

US,

Inc.

1,086,225

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $37,768,780)
44,058,844

#### Shares

#### Dividend

#### Rate

#### Value
aa

#### Investment

#### Company

#### –

#### 2.7%
(a) Goldman

Sachs

Financial

Square

Government

Fund

-

Institutional

Shares

1,214,888

3.928%

1,214,888

(Cost

$1,214,888)

#### TOTAL

#### INVESTMENTS

#### –

#### 101.1%

#### (Cost

#### $38,983,668)
$

45,273,732

#### LIABILITIES

#### IN

#### EXCESS

#### OF

#### OTHER

#### ASSETS

#### –

#### (1.1)%
(478,663)

#### NET

#### ASSETS

#### –

#### 100.0%
$

44,795,069

&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:

REIT

—

Real

Estate

Investment

Trust

Goldman

Sachs

Equity

Active

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.

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. Goldman

Sachs

Equity

Active

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

Underlying

Funds

(including

Money

Market

Funds)

—

Underlying

funds

("Underlying

Funds")

include

exchange-traded

funds

("ETFs")

and

other

investment

companies.

Investments

in

the

Underlying

Funds

(except

ETFs)

are

valued

at

the

NAV

per

share

on

the

day

of

valuation.

ETFs

are

valued

daily

at

the

last

sale

price

or

official

closing

price

on

the

principal

exchange

or

system

on

which

the

investment

is

traded.

Because

the

Funds

invest

in

Underlying

Funds

that

fluctuate

in

value,

the

Funds'

shares

will

correspondingly

fluctuate

in

value.

Underlying

Funds

are

generally

classified

as

Level

of

the

fair

value

hierarchy.

To

the

extent

that

underlying

ETFs

are

actively

traded,

they

are

classified

as

Level

of

the

fair

value

hierarchy,

otherwise

they

are

generally

classified

as

Level

2. For

information

regarding

an

Underlying

Fund's

accounting

policies

and

investment

holdings,

please

see

the

Underlying

Fund's

shareholder

report.

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.

Fair

Value

Hierarchy

—

The

following

is

a

summary

of

the

Funds'

investments

classified

in

the

fair

value

hierarchy

as

of

November

30,

2025:

(a) #### Enhanced

#### U.S.

#### Equity

#### ETF

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) Asia

$

1,742,355

$

—

$

—

Europe

4,627,722

—

—

North

America

340,640,512

—

—

Investment

Company

644,835

—

—

#### Total
$

347,655,424

$

—

$

—

€

1.00 €

1.00 €

1.00 (a) #### Growth

#### Opportunities

#### ETF

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) Europe

$

2,959,962

$

—

$

—

North

America

155,704,567

—

—

Investment

Company

3,545,032

—

—

#### Total
$

162,209,561

$

—

$

—

€

1.00 €

1.00 €

1.00 (a) #### Value

#### Opportunities

#### ETF

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) North

America

$

44,058,844

$

—

$

—

Investment

Company

1,214,888

—

—

#### Total
$

45,273,732

$

—

$

—

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Equity

Active

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

For

further

information

regarding

security

characteristics,

see

the

Schedules

of

Investments.

The

Funds'

risks

include,

but

are

not

limited

to,

the

following:

Depositary

Receipts

Risk

—

Foreign

securities

may

trade

in

the

form

of

depositary

receipts,

which

include

American

Depositary

Receipts

("ADRs")

and

Global

Depositary

Receipts

("GDRs")

(collectively

"Depositary

Receipts").

To

the

extent

a

Fund

acquires

Depositary

Receipts

through

banks

which

do

not

have

a

contractual

relationship

with

the

foreign

issuer

of

the

security

underlying

the

Depositary

Receipts

to

issue

and

service

such

unsponsored

Depositary

Receipts,

there

may

be

an

increased

possibility

that

a

Fund

would

not

become

aware

of

and

be

able

to

respond

to

corporate

actions

such

as

stock

splits

or

rights

offerings

involving

the

foreign

issuer

in

a

timely

manner.

In

addition,

the

lack

of

information

may

result

in

inefficiencies

in

the

valuation

of

such

instruments.

Investment

in

Depositary

Receipts

does

not

eliminate

all

the

risks

inherent

in

investing

in

securities

of

non-U.S.

issuers.

The

market

value

of

Depositary

Receipts

is

dependent

upon

the

market

value

of

the

underlying

securities

and

fluctuations

in

the

relative

value

of

the

currencies

in

which

the

Depositary

Receipts

and

the

underlying

securities

are

quoted.

The

issuers

of

Depositary

Receipts

may

discontinue

issuing

new

Depositary

Receipts

and

withdraw

existing

Depositary

Receipts

at

any

time,

which

may

result

in

costs

and

delays

in

the

distribution

of

the

underlying

assets

to

a

Fund

and

may

negatively

impact

a

Fund's

performance.

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.

€

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

Equity

Active

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

Geographic

and

Sector

Risk

—

If

a

Fund

invests

a

significant

portion

of

its

total

assets

in

certain

issuers

within

the

same

state,

geographic

region

or

economic

sector,

an

adverse

economic,

business,

political,

environmental

or

other

development

affecting

that

state,

region

or

sector

may

affect

the

value

of

the

Fund's

investments

more

than

if

its

investments

were

not

so

focused.

Industry

Concentration

Risk

—

Concentrating

Fund

investments

in

a

limited

number

of

issuers

conducting

business

in

the

same

industry

or

group

of

industries

will

subject

the

Fund

to

a

greater

risk

of

loss

as

a

result

of

adverse

economic,

business,

political,

environmental

or

other

developments

than

if

its

investments

were

diversified

across

different

industries.

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

Transactions

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

Cboe

or

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,

acts

of

terrorism,

social

unrest,

natural

disasters,

recessions,

inflation,

rapid

interest

rate

changes,

supply

chain

disruptions,

sanctions,

the

spread

of

infectious

illness

or

other

public

health

threats

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

Equity

Active

ETFs

Schedule

of

Investments

(continued)

November

30,

2025

(Unaudited)

Non-Diversification

Risk

—

The

North

American

Pipelines

&

Power

Equity

ETF

and

Small

Cap

Core

Equity

ETF

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

mutual

funds.

Thus,

the

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.

Stock

Risk

—

Stock

prices

have

historically

risen

and

fallen

in

periodic

cycles.

U.S.

and

foreign

stock

markets

have

experienced

periods

of

substantial

price

volatility

in

the

past

and

may

do

so

again

in

the

future.

Valuation

Risk

—

The

sale

price

the

Fund

could

receive

for

a

security

may

differ

from

the

Fund's

valuation

of

the

security,

particularly

for

securities

that

trade

in

low

volume

or

volatile

markets

or

that

are

valued

using

a

fair

value

methodology.

The

Fund

relies

on

various

sources

to

calculate

its

NAV.

The

information

may

be

provided

by

third

parties

that

are

believed

to

be

reliable,

but

the

information

may

not

be

accurate

due

to

errors

by

such

pricing

sources,

technological

issues

or

otherwise.

NAV

calculations

may

also

be

impacted

by

operational

risks

arising

form

factors

such

as

failures

in

systems

and

technology.

#### 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 Enhanced U.S. Equity ETF

- **b. EDGAR series identifier (if any):** S000094964

- **c. LEI of Series:** 984500FN492D6A6FA808

**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:** $347958486.86

**Total Liabilities:** $74702.85

**Net Assets:** $347883784.01

**Cash Not Reported:** $34084.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263543 | 3.11%                | 1.81%                | 0.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $13311071.71             | $144447154.08                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity National Information                  | Fidelity National Information Services Inc     | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     16778 | NS      | $1103489.06   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                              | Devon Energy Corp                              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     29020 | NS      | $1075481.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                        | Procter & Gamble Co/The                        | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     19743 | NS      | $2925122.88   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                          | Costco Wholesale Corp                          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       806 | NS      | $736353.54    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                     | Ventas Inc                                     | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     15408 | NS      | $1242347.04   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                  | DR Horton Inc                                  | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     12667 | NS      | $2014179.67   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                 | Starbucks Corp                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     26465 | NS      | $2305366.15   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                    | Raymond James Financial Inc                    | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     11875 | NS      | $1858912.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                          | Spotify Technology SA                          | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      2471 | NS      | $1479807.77   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     23862 | NS      | $4937525.04   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                              | Allstate Corp/The                              | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      4993 | NS      | $1063409.14   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     38589 | NS      | $4473236.88   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                    | Vistra Corp                                    | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     12099 | NS      | $2164027.14   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                       | KLA Corp                                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1538 | NS      | $1807872.86   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                     | AbbVie Inc                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     14710 | NS      | $3349467.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                | Caterpillar Inc                                | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      4258 | NS      | $2451586.08   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners                 | Coca-Cola Europacific Partners PLC             | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     16804 | NS      | $1540758.76   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                              | Lam Research Corp                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     19581 | NS      | $3054636.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                 | Mastercard Inc                                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8751 | NS      | $4817688.03   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | Jabil Inc                                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      8055 | NS      | $1697269.05   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                         | Boston Scientific Corp                         | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     24191 | NS      | $2457321.78   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                | Ross Stores Inc                                | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     13346 | NS      | $2353700.56   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                            | Texas Roadhouse Inc                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      5155 | NS      | $903413.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      5977 | NS      | $1742355.27   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix Inc                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     11786 | NS      | $1267937.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                   | United Airlines Holdings Inc                   | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     23681 | NS      | $2414514.76   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                      | L3Harris Technologies Inc                      | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      8621 | NS      | $2402586.49   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                    | Honeywell International Inc                    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     10661 | NS      | $2048937.59   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     35000 | NS      | $11206300.00  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                      | AvalonBay Communities Inc                      | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     10628 | NS      | $1933658.32   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                         | International Paper Co                         | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     49349 | NS      | $1948298.52   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                     | Dexcom Inc                                     | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     29774 | NS      | $1889755.78   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                           | Western Digital Corp                           | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     13409 | NS      | $2190091.97   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                        | Sherwin-Williams Co/The                        | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      6159 | NS      | $2116786.71   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                     | Nasdaq Inc                                     | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     13747 | NS      | $1249877.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                           | Blue Owl Capital Inc                           | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58525 | NS      | $877875.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                       | PPL Corp                                       | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     47936 | NS      | $1768838.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                            | JPMorgan Chase & Co                            | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     17647 | NS      | $5524922.76   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp                                | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     23923 | NS      | $1804751.12   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      4746 | NS      | $5104180.62   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                 | Globe Life Inc                                 | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      7046 | NS      | $949307.58    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                  | Westlake Corp                                  | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     13296 | NS      | $888305.76    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                       | Builders FirstSource Inc                       | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     16935 | NS      | $1900615.05   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                     | Corpay Inc                                     | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      5105 | NS      | $1510059.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                       | Visa Inc                                       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4630 | NS      | $1548457.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     66214 | NS      | $15442429.08  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                          | New York Times Co/The                          | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     16497 | NS      | $1064056.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                      | PG&E Corp                                      | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     68190 | NS      | $1099222.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                                   | Woodward Inc                                   | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      7154 | NS      | $2146414.62   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                | AstraZeneca PLC                                | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     10248 | NS      | $950194.56    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                            | VICI Properties Inc                            | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     52238 | NS      | $1505499.16   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                          | RPM International Inc                          | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     12555 | NS      | $1346523.75   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                             | Home Depot Inc/The                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      8173 | NS      | $2917107.16   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                        | Wintrust Financial Corp                        | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     13569 | NS      | $1818517.38   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                         | Motorola Solutions Inc                         | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2911 | NS      | $1076138.48   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                    | Fastenal Co                                    | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     48770 | NS      | $1970308.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                  | Advanced Drainage Systems Inc                  | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      5930 | NS      | $903613.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                        | Rockwell Automation Inc                        | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      6586 | NS      | $2607133.96   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                             | Expand Energy Corp                             | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     16212 | NS      | $1976729.16   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                      | Performance Food Group Co                      | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     18252 | NS      | $1771721.64   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    152725 | NS      | $27032325.00  | 7.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                      | Aptiv PLC                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     25873 | NS      | $2006451.15   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms Inc                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     16091 | NS      | $10426163.45  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                          | Travelers Cos Inc/The                          | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      7564 | NS      | $2215193.04   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                      | Apple Inc                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     81543 | NS      | $22738265.55  | 6.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                       | Agilent Technologies Inc                       | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     15840 | NS      | $2431440.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                     | AMETEK Inc                                     | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     11442 | NS      | $2264257.38   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/O                 | American Financial Group Inc/OH                | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     12361 | NS      | $1702356.92   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                        | Charles Schwab Corp/The                        | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     18656 | NS      | $1729970.88   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                    | Oracle Corp                                    | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3559 | NS      | $718740.05    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                    | Datadog Inc                                    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     14292 | NS      | $2286862.92   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                    | Invesco Ltd                                    | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | US        |     77020 | NS      | $1883139.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                   | AutoZone Inc                                   | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       497 | NS      | $1965302.01   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     24443 | NS      | $3150702.70   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     20742 | NS      | $6639929.04   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                    | Walmart Inc                                    | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     44613 | NS      | $4930182.63   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                           | Bank of America Corp                           | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     81019 | NS      | $4346669.35   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                          | Dell Technologies Inc                          | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      7430 | NS      | $990790.50    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                      | Palantir Technologies Inc                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      2698 | NS      | $454478.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                   | Teradyne Inc                                   | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     10437 | NS      | $1898385.93   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                  | Live Nation Entertainment Inc                  | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     12835 | NS      | $1687160.75   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials In                 | Solstice Advanced Materials Inc                | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |     19207 | NS      | $915789.76    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I                 | Mettler-Toledo International Inc               | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1371 | NS      | $2024583.12   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                          | Quest Diagnostics Inc                          | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     10364 | NS      | $1960661.52   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                   | Tapestry Inc                                   | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     16295 | NS      | $1780717.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                      | Argenx SE                                      | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      2343 | NS      | $2136769.14   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                  | AppLovin Corp                                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      4839 | NS      | $2900883.72   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                             | Domino's Pizza Inc                             | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      3553 | NS      | $1490945.39   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                    | Cencora Inc                                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      5309 | NS      | $1958649.37   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                             | Ingersoll Rand Inc                             | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     22809 | NS      | $1832475.06   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                 | Salesforce Inc                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     12434 | NS      | $2866534.36   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                         | Berkshire Hathaway Inc                         | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      7727 | NS      | $3970209.87   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                       | MSCI Inc                                       | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      3506 | NS      | $1976402.32   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                          | Micron Technology Inc                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     11151 | NS      | $2636988.48   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                       | AT&T Inc                                       | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     73041 | NS      | $1900526.82   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                    | Phillips 66                                    | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     16215 | NS      | $2220806.40   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                 | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     17623 | NS      | $2989918.18   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                      | Tesla Inc                                      | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     13361 | NS      | $5747501.37   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                     | Stanley Black & Decker Inc                     | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     23727 | NS      | $1696955.04   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                    | Ameren Corp                                    | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     18002 | NS      | $1914512.70   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                  | Dynatrace Inc                                  | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     29867 | NS      | $1330873.52   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                 | CBRE Group Inc                                 | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      7473 | NS      | $1209355.59   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                | T-Mobile US Inc                                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      7091 | NS      | $1482089.91   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     46881 | NS      | $23065920.81  | 6.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                 | GE Vernova Inc                                 | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      4526 | NS      | $2714559.02   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                     | Neurocrine Biosciences Inc                     | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      6134 | NS      | $933349.44    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom Inc                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     29521 | NS      | $11895782.16  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                         | Marvell Technology Inc                         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19685 | NS      | $1759839.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                       | Marsh & McLennan Cos Inc                       | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      7233 | NS      | $1326893.85   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties In                 | Equity LifeStyle Properties Inc                | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     11298 | NS      | $710305.26    | 0.20%             |  |  |  | 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        |    644835 | NS      | $644835.21    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                        | ITT Inc                                        | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     10419 | NS      | $1918763.04   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                  | Old Dominion Freight Line Inc                  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     13803 | NS      | $1867407.87   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                     | Casey's General Stores Inc                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      1515 | NS      | $864246.90    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit                 | Mid-America Apartment Communities Inc          | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      7569 | NS      | $1028551.41   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                  | Snowflake Inc                                  | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      7105 | NS      | $1785060.20   | 0.51%             |  |  |  | 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