# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001193125-26-040928
**Filing Date:** 2026-2
**Character Count:** 61957
**Document Hash:** b4230f9cf0fdebda63665d169ea931c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-040928.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001193125-26-040928

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**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:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05349
- **FILM NUMBER:** 26606861

**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 Investor Tax-Exempt California Money Market Fund (Series ID: S000086404)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000251955 | Administration Shares | ICBXX           |
| C000251956 | Class A Shares        | INCXX           |
| C000251957 | Preferred Shares      | ICPXX           |
| C000251958 | Service Shares        | ICSXX           |
| C000251959 | Class I Shares        | ICIXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000822977

### General Information

**Report for (YYYY-MM-DD):** 2026-01-30

**Registrant Full Name:** Goldman Sachs Trust

**CIK Number of Registrant:** 0000822977

**LEI of Registrant:** S2FHCT8U6D2VORP0J605

**Name of Series:** Goldman Sachs Investor Tax-Exempt California Money Market Fund

**LEI of Series:** 9845002G2F8C7A7WFD39

**EDGAR Series Identifier:** S000086404

**Total number of share classes in the series:** 5

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                                 | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Goldman Sachs Asset Management, L.P.                    | 801-37591         |
| Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: Boston<br>State: MA |  |
| Administrator                 | Goldman Sachs Asset Management, L.P.                    |  |
| Transfer Agent                | Goldman Sachs & Co. LLC<br>CIK: 0000734700              | 084-01100         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-17619

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Single State

- **Is this a Retail Money Market Fund?:** Yes

- **Is this a Government Money Market Fund?:** No

- **WAM:** 42 days

- **WAL:** 42 days

- **Total Value of Portfolio Securities:** $8251895.03

- **Amortized Cost of Portfolio Securities:** $8248446.29

- **Cash:** $0.00

- **Total Other Assets:** $47520.87

- **Total Liabilities:** $78550.56

- **Net Assets of Series:** $8217416.60

- **Number of Shares Outstanding (Series):** 8217361.6400

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2026-01-02 | $2512911.08               | $5467911.08                | 31.4900%                  | 68.5200%                   |
| 2026-01-05 | $2778951.81               | $5633951.81                | 34.1100%                  | 69.1600%                   |
| 2026-01-06 | $2580062.91               | $5435062.91                | 31.6700%                  | 66.7100%                   |
| 2026-01-07 | $2880677.31               | $5435677.31                | 35.3600%                  | 66.7200%                   |
| 2026-01-08 | $2583254.05               | $5138254.05                | 31.7100%                  | 63.0700%                   |
| 2026-01-09 | $2583336.97               | $5288336.97                | 31.7000%                  | 64.9000%                   |
| 2026-01-12 | $2583403.53               | $5288403.53                | 31.7000%                  | 64.9000%                   |
| 2026-01-13 | $2447457.47               | $5352457.47                | 30.5400%                  | 66.8000%                   |
| 2026-01-14 | $2447487.88               | $5352487.88                | 30.5400%                  | 66.7900%                   |
| 2026-01-15 | $2607948.91               | $5352948.91                | 32.5400%                  | 66.8000%                   |
| 2026-01-16 | $3050251.37               | $5965251.37                | 34.7500%                  | 67.9700%                   |
| 2026-01-20 | $3250350.16               | $5965350.16                | 37.0300%                  | 67.9600%                   |
| 2026-01-21 | $2898970.63               | $5613970.63                | 33.0400%                  | 63.9700%                   |
| 2026-01-22 | $2616890.15               | $5331890.15                | 30.8100%                  | 62.7700%                   |
| 2026-01-23 | $2556182.87               | $5271182.87                | 30.3100%                  | 62.5000%                   |
| 2026-01-26 | $2556171.43               | $5271171.43                | 30.3100%                  | 62.5000%                   |
| 2026-01-27 | $2556068.45               | $5271068.45                | 30.3000%                  | 62.4900%                   |
| 2026-01-28 | $2553257.49               | $5268257.49                | 30.2800%                  | 62.4700%                   |
| 2026-01-29 | $2422488.20               | $5137488.20                | 29.1800%                  | 61.8800%                   |
| 2026-01-30 | $2361336.40               | $5076336.40                | 28.6500%                  | 61.5800%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2026-01-02 | 2.4000%             |
| 2026-01-05 | 2.1700%             |
| 2026-01-06 | 2.0900%             |
| 2026-01-07 | 2.0200%             |
| 2026-01-08 | 1.9200%             |
| 2026-01-09 | 1.8800%             |
| 2026-01-12 | 1.7600%             |
| 2026-01-13 | 1.7200%             |
| 2026-01-14 | 1.6900%             |
| 2026-01-15 | 1.6800%             |
| 2026-01-16 | 1.6900%             |
| 2026-01-20 | 1.7000%             |
| 2026-01-21 | 1.7000%             |
| 2026-01-22 | 1.7000%             |
| 2026-01-23 | 1.7200%             |
| 2026-01-26 | 1.7800%             |
| 2026-01-27 | 1.8300%             |
| 2026-01-28 | 1.8900%             |
| 2026-01-29 | 2.0000%             |
| 2026-01-30 | 2.0900%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2026-01-02 | 1.0004                      |
|  |  |
| 2026-01-05 | 1.0004                      |
|  |  |
| 2026-01-06 | 1.0004                      |
|  |  |
| 2026-01-07 | 1.0004                      |
|  |  |
| 2026-01-08 | 1.0005                      |
|  |  |
| 2026-01-09 | 1.0005                      |
|  |  |
| 2026-01-12 | 1.0005                      |
|  |  |
| 2026-01-13 | 1.0005                      |
|  |  |
| 2026-01-14 | 1.0005                      |
|  |  |
| 2026-01-15 | 1.0005                      |
|  |  |
| 2026-01-16 | 1.0005                      |
|  |  |
| 2026-01-20 | 1.0004                      |
|  |  |
| 2026-01-21 | 1.0005                      |
|  |  |
| 2026-01-22 | 1.0005                      |
|  |  |
| 2026-01-23 | 1.0005                      |
|  |  |
| 2026-01-26 | 1.0005                      |
|  |  |
| 2026-01-27 | 1.0005                      |
|  |  |
| 2026-01-28 | 1.0004                      |
|  |  |
| 2026-01-29 | 1.0004                      |
|  |  |
| 2026-01-30 | 1.0004                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: Administration Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $51427.47

- **Number of Shares Outstanding:** 51427.1300

- **Expense Reimbursement/Waiver:** 150.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-01-02 | 1.0004          |
|  |  |
| 2026-01-05 | 1.0004          |
|  |  |
| 2026-01-06 | 1.0004          |
|  |  |
| 2026-01-07 | 1.0004          |
|  |  |
| 2026-01-08 | 1.0005          |
|  |  |
| 2026-01-09 | 1.0005          |
|  |  |
| 2026-01-12 | 1.0005          |
|  |  |
| 2026-01-13 | 1.0005          |
|  |  |
| 2026-01-14 | 1.0005          |
|  |  |
| 2026-01-15 | 1.0005          |
|  |  |
| 2026-01-16 | 1.0005          |
|  |  |
| 2026-01-20 | 1.0004          |
|  |  |
| 2026-01-21 | 1.0005          |
|  |  |
| 2026-01-22 | 1.0005          |
|  |  |
| 2026-01-23 | 1.0005          |
|  |  |
| 2026-01-26 | 1.0005          |
|  |  |
| 2026-01-27 | 1.0005          |
|  |  |
| 2026-01-28 | 1.0004          |
|  |  |
| 2026-01-29 | 1.0004          |
|  |  |
| 2026-01-30 | 1.0004          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-01-02 | $86.89                    | $0.00                   |

**Total Gross Subscriptions (Month):** $86.89

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-01-02 | 1.9700%           |
| 2026-01-05 | 1.7400%           |
| 2026-01-06 | 1.6600%           |
| 2026-01-07 | 1.5800%           |
| 2026-01-08 | 1.4800%           |
| 2026-01-09 | 1.4400%           |
| 2026-01-12 | 1.3300%           |
| 2026-01-13 | 1.2900%           |
| 2026-01-14 | 1.2600%           |
| 2026-01-15 | 1.2500%           |
| 2026-01-16 | 1.2500%           |
| 2026-01-20 | 1.2600%           |
| 2026-01-21 | 1.2700%           |
| 2026-01-22 | 1.2700%           |
| 2026-01-23 | 1.2800%           |
| 2026-01-26 | 1.3500%           |
| 2026-01-27 | 1.3900%           |
| 2026-01-28 | 1.4500%           |
| 2026-01-29 | 1.5700%           |
| 2026-01-30 | 1.6600%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 99.9600%         | 0.0000%              |

### Class: Class A Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $51406.59

- **Number of Shares Outstanding:** 51406.2500

- **Expense Reimbursement/Waiver:** 150.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-01-02 | 1.0004          |
|  |  |
| 2026-01-05 | 1.0004          |
|  |  |
| 2026-01-06 | 1.0004          |
|  |  |
| 2026-01-07 | 1.0004          |
|  |  |
| 2026-01-08 | 1.0005          |
|  |  |
| 2026-01-09 | 1.0005          |
|  |  |
| 2026-01-12 | 1.0005          |
|  |  |
| 2026-01-13 | 1.0005          |
|  |  |
| 2026-01-14 | 1.0005          |
|  |  |
| 2026-01-15 | 1.0005          |
|  |  |
| 2026-01-16 | 1.0005          |
|  |  |
| 2026-01-20 | 1.0004          |
|  |  |
| 2026-01-21 | 1.0005          |
|  |  |
| 2026-01-22 | 1.0005          |
|  |  |
| 2026-01-23 | 1.0005          |
|  |  |
| 2026-01-26 | 1.0005          |
|  |  |
| 2026-01-27 | 1.0005          |
|  |  |
| 2026-01-28 | 1.0004          |
|  |  |
| 2026-01-29 | 1.0004          |
|  |  |
| 2026-01-30 | 1.0004          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-01-02 | $86.90                    | $0.00                   |

**Total Gross Subscriptions (Month):** $86.90

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-01-02 | 1.9700%           |
| 2026-01-05 | 1.7400%           |
| 2026-01-06 | 1.6600%           |
| 2026-01-07 | 1.5800%           |
| 2026-01-08 | 1.4800%           |
| 2026-01-09 | 1.4400%           |
| 2026-01-12 | 1.3300%           |
| 2026-01-13 | 1.2900%           |
| 2026-01-14 | 1.2600%           |
| 2026-01-15 | 1.2500%           |
| 2026-01-16 | 1.2500%           |
| 2026-01-20 | 1.2600%           |
| 2026-01-21 | 1.2700%           |
| 2026-01-22 | 1.2700%           |
| 2026-01-23 | 1.2800%           |
| 2026-01-26 | 1.3500%           |
| 2026-01-27 | 1.3900%           |
| 2026-01-28 | 1.4500%           |
| 2026-01-29 | 1.5700%           |
| 2026-01-30 | 1.6600%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

### Class: Preferred Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $51507.47

- **Number of Shares Outstanding:** 51507.1300

- **Expense Reimbursement/Waiver:** 151.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-01-02 | 1.0004          |
|  |  |
| 2026-01-05 | 1.0004          |
|  |  |
| 2026-01-06 | 1.0004          |
|  |  |
| 2026-01-07 | 1.0004          |
|  |  |
| 2026-01-08 | 1.0005          |
|  |  |
| 2026-01-09 | 1.0005          |
|  |  |
| 2026-01-12 | 1.0005          |
|  |  |
| 2026-01-13 | 1.0005          |
|  |  |
| 2026-01-14 | 1.0005          |
|  |  |
| 2026-01-15 | 1.0005          |
|  |  |
| 2026-01-16 | 1.0005          |
|  |  |
| 2026-01-20 | 1.0004          |
|  |  |
| 2026-01-21 | 1.0005          |
|  |  |
| 2026-01-22 | 1.0005          |
|  |  |
| 2026-01-23 | 1.0005          |
|  |  |
| 2026-01-26 | 1.0005          |
|  |  |
| 2026-01-27 | 1.0005          |
|  |  |
| 2026-01-28 | 1.0004          |
|  |  |
| 2026-01-29 | 1.0004          |
|  |  |
| 2026-01-30 | 1.0004          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-01-02 | $93.61                    | $0.00                   |

**Total Gross Subscriptions (Month):** $93.61

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-01-02 | 2.1200%           |
| 2026-01-05 | 1.8900%           |
| 2026-01-06 | 1.8100%           |
| 2026-01-07 | 1.7300%           |
| 2026-01-08 | 1.6300%           |
| 2026-01-09 | 1.5900%           |
| 2026-01-12 | 1.4800%           |
| 2026-01-13 | 1.4400%           |
| 2026-01-14 | 1.4100%           |
| 2026-01-15 | 1.4000%           |
| 2026-01-16 | 1.4000%           |
| 2026-01-20 | 1.4100%           |
| 2026-01-21 | 1.4200%           |
| 2026-01-22 | 1.4200%           |
| 2026-01-23 | 1.4300%           |
| 2026-01-26 | 1.5000%           |
| 2026-01-27 | 1.5400%           |
| 2026-01-28 | 1.6000%           |
| 2026-01-29 | 1.7200%           |
| 2026-01-30 | 1.8100%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

### Class: Service Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $51238.98

- **Number of Shares Outstanding:** 51238.6400

- **Expense Reimbursement/Waiver:** 149.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-01-02 | 1.0004          |
|  |  |
| 2026-01-05 | 1.0004          |
|  |  |
| 2026-01-06 | 1.0004          |
|  |  |
| 2026-01-07 | 1.0004          |
|  |  |
| 2026-01-08 | 1.0005          |
|  |  |
| 2026-01-09 | 1.0005          |
|  |  |
| 2026-01-12 | 1.0005          |
|  |  |
| 2026-01-13 | 1.0005          |
|  |  |
| 2026-01-14 | 1.0005          |
|  |  |
| 2026-01-15 | 1.0005          |
|  |  |
| 2026-01-16 | 1.0005          |
|  |  |
| 2026-01-20 | 1.0004          |
|  |  |
| 2026-01-21 | 1.0005          |
|  |  |
| 2026-01-22 | 1.0005          |
|  |  |
| 2026-01-23 | 1.0005          |
|  |  |
| 2026-01-26 | 1.0005          |
|  |  |
| 2026-01-27 | 1.0005          |
|  |  |
| 2026-01-28 | 1.0004          |
|  |  |
| 2026-01-29 | 1.0004          |
|  |  |
| 2026-01-30 | 1.0004          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-01-02 | $75.79                    | $0.00                   |

**Total Gross Subscriptions (Month):** $75.79

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-01-02 | 1.7200%           |
| 2026-01-05 | 1.4900%           |
| 2026-01-06 | 1.4100%           |
| 2026-01-07 | 1.3300%           |
| 2026-01-08 | 1.2300%           |
| 2026-01-09 | 1.1900%           |
| 2026-01-12 | 1.0800%           |
| 2026-01-13 | 1.0400%           |
| 2026-01-14 | 1.0100%           |
| 2026-01-15 | 1.0000%           |
| 2026-01-16 | 1.0000%           |
| 2026-01-20 | 1.0100%           |
| 2026-01-21 | 1.0200%           |
| 2026-01-22 | 1.0200%           |
| 2026-01-23 | 1.0300%           |
| 2026-01-26 | 1.1000%           |
| 2026-01-27 | 1.1400%           |
| 2026-01-28 | 1.2000%           |
| 2026-01-29 | 1.3200%           |
| 2026-01-30 | 1.4100%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

### Class: Class I Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $8011836.09

- **Number of Shares Outstanding:** 8011782.4900

- **Expense Reimbursement/Waiver:** 23602.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2026-01-02 | 1.0004          |
|  |  |
| 2026-01-05 | 1.0004          |
|  |  |
| 2026-01-06 | 1.0004          |
|  |  |
| 2026-01-07 | 1.0004          |
|  |  |
| 2026-01-08 | 1.0005          |
|  |  |
| 2026-01-09 | 1.0005          |
|  |  |
| 2026-01-12 | 1.0005          |
|  |  |
| 2026-01-13 | 1.0005          |
|  |  |
| 2026-01-14 | 1.0005          |
|  |  |
| 2026-01-15 | 1.0005          |
|  |  |
| 2026-01-16 | 1.0005          |
|  |  |
| 2026-01-20 | 1.0004          |
|  |  |
| 2026-01-21 | 1.0005          |
|  |  |
| 2026-01-22 | 1.0005          |
|  |  |
| 2026-01-23 | 1.0005          |
|  |  |
| 2026-01-26 | 1.0005          |
|  |  |
| 2026-01-27 | 1.0005          |
|  |  |
| 2026-01-28 | 1.0004          |
|  |  |
| 2026-01-29 | 1.0004          |
|  |  |
| 2026-01-30 | 1.0004          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2026-01-02 | $15359.04                 | $0.00                   |
| 2026-01-05 | $165932.19                | $0.00                   |
| 2026-01-08 | $0.10                     | $727.96                 |
| 2026-01-13 | $0.00                     | $136000.00              |
| 2026-01-16 | $596273.31                | $0.00                   |
| 2026-01-22 | $0.00                     | $112000.00              |
| 2026-01-23 | $0.00                     | $60883.00               |
| 2026-01-28 | $0.00                     | $2405.75                |
| 2026-01-29 | $0.00                     | $150000.00              |
| 2026-01-30 | $0.00                     | $60376.35               |

**Total Gross Subscriptions (Month):** $777564.64

**Total Gross Redemptions (Month):** $522393.06

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2026-01-02 | 2.2200%           |
| 2026-01-05 | 1.9900%           |
| 2026-01-06 | 1.9100%           |
| 2026-01-07 | 1.8300%           |
| 2026-01-08 | 1.7300%           |
| 2026-01-09 | 1.6900%           |
| 2026-01-12 | 1.5800%           |
| 2026-01-13 | 1.5400%           |
| 2026-01-14 | 1.5100%           |
| 2026-01-15 | 1.5000%           |
| 2026-01-16 | 1.5000%           |
| 2026-01-20 | 1.5100%           |
| 2026-01-21 | 1.5200%           |
| 2026-01-22 | 1.5200%           |
| 2026-01-23 | 1.5300%           |
| 2026-01-26 | 1.6000%           |
| 2026-01-27 | 1.6400%           |
| 2026-01-28 | 1.7000%           |
| 2026-01-29 | 1.8200%           |
| 2026-01-30 | 1.9100%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 38.2000%         | 0.0000%              |
| Broker-dealer |  | 61.8000%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: BAY AREA TOLL AUTHORITY

- **C.1 - Title:** BAY AREA TOLL AUTHORITY 2.600001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 072024YF3, C.4 - ISIN: US072024YF30, C.3 - LEI: 5493001FUZGUQMIP5D78
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 2.6000%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2055-04-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: BAY AREA TOLL AUTHORITY

- **C.1 - Title:** BAY AREA TOLL AUTHORITY 1.350000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 072024ZD7, C.4 - ISIN: US072024ZD72, C.3 - LEI: 5493001FUZGUQMIP5D78
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 1.3500%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2059-04-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: BAY AREA TOLL AUTHORITY

- **C.1 - Title:** BAY AREA TOLL AUTHORITY 2.700000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 072024ZH8, C.4 - ISIN: US072024ZH86, C.3 - LEI: 5493001FUZGUQMIP5D78
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.7000%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2059-04-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: BERKELEY, CALIFORNIA (CITY OF)

- **C.1 - Title:** BERKELEY, CALIFORNIA (CITY OF) 4.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 084113F95, C.4 - ISIN: US084113F956, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $237414.53
- **C.18.a - Value (excl. sponsor support):** $237414.53
- **C.19 - Percentage of Net Assets:** 2.8900%
- **C.17 - Yield as of Reporting Date:** 4.0000%
- **C.11 - Maturity Date (WAM):** 2026-07-28
- **C.12 - Maturity Date (WAL):** 2026-07-28
- **C.13 - Final Legal Maturity Date:** 2026-07-28
- **C.10 - Ratings:** Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 5: BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC (FORMERLY BLACKR

- **C.1 - Title:** BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC (FORMERLY BLACKR 2.420001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 09254L800, C.4 - ISIN: US09254L8000, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 2.4200%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2054-09-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: CALIFORNIA INSTITUTE OF TECHNOLOGY

- **C.1 - Title:** CALIFORNIA INSTITUTE OF TECHNOLOGY 1.250001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 130178EY8, C.4 - ISIN: US130178EY80, C.3 - LEI: 549300CITPNHOTVPHC04
- **C.18 - Value (incl. sponsor support):** $300000.00
- **C.18.a - Value (excl. sponsor support):** $300000.00
- **C.19 - Percentage of Net Assets:** 3.6500%
- **C.17 - Yield as of Reporting Date:** 1.2500%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2036-10-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: LELAND STANFORD JUNIOR UNIVERSITY (THE)

- **C.1 - Title:** LELAND STANFORD JUNIOR UNIVERSITY (THE) 2.460000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13017RBR4, C.4 - ISIN: US13017RBR49, C.3 - LEI: JIUV0DC2REIJXQ26CR37
- **C.18 - Value (incl. sponsor support):** $300283.44
- **C.18.a - Value (excl. sponsor support):** $300283.44
- **C.19 - Percentage of Net Assets:** 3.6500%
- **C.17 - Yield as of Reporting Date:** 2.4600%
- **C.11 - Maturity Date (WAM):** 2026-05-05
- **C.12 - Maturity Date (WAL):** 2026-05-05
- **C.13 - Final Legal Maturity Date:** 2026-05-05
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 8: CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY

- **C.1 - Title:** CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 2.319998%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13032UZ92, C.4 - ISIN: US13032UZ920, C.3 - LEI: 5493007RI8BUDOGHZ546
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.3200%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2045-02-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: CHEVRON CORPORATION

- **C.1 - Title:** CHEVRON CORPORATION 2.500002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13048TGU1, C.4 - ISIN: US13048TGU16, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2035-11-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 10: CHEVRON CORPORATION

- **C.1 - Title:** CHEVRON CORPORATION 2.750001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13048TGV9, C.4 - ISIN: US13048TGV98, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $180000.00
- **C.18.a - Value (excl. sponsor support):** $180000.00
- **C.19 - Percentage of Net Assets:** 2.1900%
- **C.17 - Yield as of Reporting Date:** 2.7500%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2035-11-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 11: HOAG MEMORIAL HOSPITAL PRESBYTERIAN

- **C.1 - Title:** HOAG MEMORIAL HOSPITAL PRESBYTERIAN 2.700000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13057EFQ2, C.4 - ISIN: US13057EFQ26, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $260000.00
- **C.18.a - Value (excl. sponsor support):** $260000.00
- **C.19 - Percentage of Net Assets:** 3.1600%
- **C.17 - Yield as of Reporting Date:** 2.7000%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2062-07-15
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 12: HOAG MEMORIAL HOSPITAL PRESBYTERIAN

- **C.1 - Title:** HOAG MEMORIAL HOSPITAL PRESBYTERIAN 2.700000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13057EFR0, C.4 - ISIN: US13057EFR09, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $150000.00
- **C.18.a - Value (excl. sponsor support):** $150000.00
- **C.19 - Percentage of Net Assets:** 1.8300%
- **C.17 - Yield as of Reporting Date:** 2.7000%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2062-07-15
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: CENTRAL CALIFORNIA PUBLIC FINANCING AUTHORITY

- **C.1 - Title:** CENTRAL CALIFORNIA PUBLIC FINANCING AUTHORITY 2.500002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13057EHL1, C.4 - ISIN: US13057EHL11, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2051-08-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 14: STATE OF CALIFORNIA

- **C.1 - Title:** STATE OF CALIFORNIA 3.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 13063DUG1, C.4 - ISIN: US13063DUG14, C.3 - LEI: 9845007J7054602FF597
- **C.18 - Value (incl. sponsor support):** $155091.51
- **C.18.a - Value (excl. sponsor support):** $155091.51
- **C.19 - Percentage of Net Assets:** 1.8900%
- **C.17 - Yield as of Reporting Date:** 2.2400%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 15: STATE OF CALIFORNIA

- **C.1 - Title:** STATE OF CALIFORNIA 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 13063EMG8, C.4 - ISIN: US13063EMG88, C.3 - LEI: 9845007J7054602FF597
- **C.18 - Value (incl. sponsor support):** $100244.69
- **C.18.a - Value (excl. sponsor support):** $100244.69
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 1.9200%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 16: STATE OF CALIFORNIA

- **C.1 - Title:** STATE OF CALIFORNIA 3.900000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13068FFF0, C.3 - LEI: 9845007J7054602FF597
- **C.18 - Value (incl. sponsor support):** $150042.89
- **C.18.a - Value (excl. sponsor support):** $150042.89
- **C.19 - Percentage of Net Assets:** 1.8300%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **C.11 - Maturity Date (WAM):** 2026-03-18
- **C.12 - Maturity Date (WAL):** 2026-03-18
- **C.13 - Final Legal Maturity Date:** 2026-03-18
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 17: DEPARTMENT OF WATER RESOURCES OF THE STATE OF CALIFORNIA

- **C.1 - Title:** DEPARTMENT OF WATER RESOURCES OF THE STATE OF CALIFORNIA 2.330000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13069KGU4, C.3 - LEI: 549300X618YEC5LGBQ98
- **C.18 - Value (incl. sponsor support):** $149999.73
- **C.18.a - Value (excl. sponsor support):** $149999.73
- **C.19 - Percentage of Net Assets:** 1.8300%
- **C.17 - Yield as of Reporting Date:** 2.3300%
- **C.11 - Maturity Date (WAM):** 2026-03-11
- **C.12 - Maturity Date (WAL):** 2026-03-11
- **C.13 - Final Legal Maturity Date:** 2026-03-11
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 18: DEPARTMENT OF WATER RESOURCES OF THE STATE OF CALIFORNIA

- **C.1 - Title:** DEPARTMENT OF WATER RESOURCES OF THE STATE OF CALIFORNIA 2.330000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13069KGW0, C.3 - LEI: 549300X618YEC5LGBQ98
- **C.18 - Value (incl. sponsor support):** $199989.54
- **C.18.a - Value (excl. sponsor support):** $199989.54
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 2.3300%
- **C.11 - Maturity Date (WAM):** 2026-03-11
- **C.12 - Maturity Date (WAL):** 2026-03-11
- **C.13 - Final Legal Maturity Date:** 2026-03-11
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 19: CALIFORNIA STATEWIDE CMNTYS DEV AUTH

- **C.1 - Title:** CALIFORNIA STATEWIDE CMNTYS DEV AUTH 2.550000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13078GXW9, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100023.19
- **C.18.a - Value (excl. sponsor support):** $100023.19
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.2500%
- **C.11 - Maturity Date (WAM):** 2026-03-04
- **C.12 - Maturity Date (WAL):** 2026-03-04
- **C.13 - Final Legal Maturity Date:** 2026-03-04
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 20: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY

- **C.1 - Title:** CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 2.850000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 130795VL8, C.4 - ISIN: US130795VL87, C.3 - LEI: 549300KTNI2GCJNX2U48
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.8500%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2047-08-15
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 21: RADY CHILDREN'S HOSPITAL-SAN DIEGO

- **C.1 - Title:** RADY CHILDREN'S HOSPITAL-SAN DIEGO 2.750001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 130795W29, C.4 - ISIN: US130795W298, C.3 - LEI: 549300KTNI2GCJNX2U48
- **C.18 - Value (incl. sponsor support):** $175000.00
- **C.18.a - Value (excl. sponsor support):** $175000.00
- **C.19 - Percentage of Net Assets:** 2.1300%
- **C.17 - Yield as of Reporting Date:** 2.7500%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2047-08-15
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 22: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY

- **C.1 - Title:** CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 2.350000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13080MEV5, C.3 - LEI: 549300KTNI2GCJNX2U48
- **C.18 - Value (incl. sponsor support):** $300059.94
- **C.18.a - Value (excl. sponsor support):** $300059.94
- **C.19 - Percentage of Net Assets:** 3.6500%
- **C.17 - Yield as of Reporting Date:** 2.3500%
- **C.11 - Maturity Date (WAM):** 2026-07-09
- **C.12 - Maturity Date (WAL):** 2026-07-09
- **C.13 - Final Legal Maturity Date:** 2026-07-09
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 23: CALIFORNIA STATEWIDE CMNTYS DEV AUTH

- **C.1 - Title:** CALIFORNIA STATEWIDE CMNTYS DEV AUTH 2.350000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13080QES3, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $200081.10
- **C.18.a - Value (excl. sponsor support):** $200081.10
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 2.2500%
- **C.11 - Maturity Date (WAM):** 2026-07-07
- **C.12 - Maturity Date (WAL):** 2026-07-07
- **C.13 - Final Legal Maturity Date:** 2026-07-07
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 24: SCRIPPS HEALTH

- **C.1 - Title:** SCRIPPS HEALTH 1.250001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 1309116Y1, C.4 - ISIN: US1309116Y11, C.3 - LEI: 5493007MZOLMF0LSHI96
- **C.18 - Value (incl. sponsor support):** $350000.00
- **C.18.a - Value (excl. sponsor support):** $350000.00
- **C.19 - Percentage of Net Assets:** 4.2600%
- **C.17 - Yield as of Reporting Date:** 1.2500%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2035-08-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 25: LOS ANGELES, CALIFORNIA (CITY OF)

- **C.1 - Title:** LOS ANGELES, CALIFORNIA (CITY OF) 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 544351SF7, C.4 - ISIN: US544351SF70, C.3 - LEI: 549300E7TO710PTXPJ65
- **C.18 - Value (incl. sponsor support):** $303437.97
- **C.18.a - Value (excl. sponsor support):** $303437.97
- **C.19 - Percentage of Net Assets:** 3.6900%
- **C.17 - Yield as of Reporting Date:** 2.0300%
- **C.11 - Maturity Date (WAM):** 2026-06-25
- **C.12 - Maturity Date (WAL):** 2026-06-25
- **C.13 - Final Legal Maturity Date:** 2026-06-25
- **C.10 - Ratings:** Moody's Investors Service, Inc.: MIG1; Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 26: LOS ANGELES, CALIFORNIA (COUNTY OF)

- **C.1 - Title:** LOS ANGELES, CALIFORNIA (COUNTY OF) 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 544657JC4, C.4 - ISIN: US544657JC42, C.3 - LEI: 254900NGUPWO7FB6II89
- **C.18 - Value (incl. sponsor support):** $166969.47
- **C.18.a - Value (excl. sponsor support):** $166969.47
- **C.19 - Percentage of Net Assets:** 2.0300%
- **C.17 - Yield as of Reporting Date:** 2.0100%
- **C.11 - Maturity Date (WAM):** 2026-06-30
- **C.12 - Maturity Date (WAL):** 2026-06-30
- **C.13 - Final Legal Maturity Date:** 2026-06-30
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: MIG1; Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 27: RIVERSIDE CALIFORNIA (CITY OF)

- **C.1 - Title:** RIVERSIDE CALIFORNIA (CITY OF) 2.500002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 769076UH1, C.4 - ISIN: US769076UH14, C.3 - LEI: 549300FG48YQF1N4C302
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2035-10-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 28: RIVERSIDE, CALIFORNIA (COUNTY OF)

- **C.1 - Title:** RIVERSIDE, CALIFORNIA (COUNTY OF) 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 769110CZ8, C.4 - ISIN: US769110CZ87, C.3 - LEI: 254900CB5HEOBAVTY629
- **C.18 - Value (incl. sponsor support):** $258162.89
- **C.18.a - Value (excl. sponsor support):** $258162.89
- **C.19 - Percentage of Net Assets:** 3.1400%
- **C.17 - Yield as of Reporting Date:** 1.9000%
- **C.11 - Maturity Date (WAM):** 2026-06-30
- **C.12 - Maturity Date (WAL):** 2026-06-30
- **C.13 - Final Legal Maturity Date:** 2026-06-30
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 29: HOUSING AUTHORITY OF THE COUNTY OF SACRAMENTO

- **C.1 - Title:** HOUSING AUTHORITY OF THE COUNTY OF SACRAMENTO 1.800001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 786111EW0, C.4 - ISIN: US786111EW08, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $235000.00
- **C.18.a - Value (excl. sponsor support):** $235000.00
- **C.19 - Percentage of Net Assets:** 2.8600%
- **C.17 - Yield as of Reporting Date:** 1.8000%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2029-07-15
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 30: SAN DIEGO COUNTY WATER AUTHORITY

- **C.1 - Title:** SAN DIEGO COUNTY WATER AUTHORITY 2.350000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 79741UQT1, C.3 - LEI: 549300Y0QN5OFKA1G520
- **C.18 - Value (incl. sponsor support):** $149999.10
- **C.18.a - Value (excl. sponsor support):** $149999.10
- **C.19 - Percentage of Net Assets:** 1.8300%
- **C.17 - Yield as of Reporting Date:** 2.3500%
- **C.11 - Maturity Date (WAM):** 2026-06-03
- **C.12 - Maturity Date (WAL):** 2026-06-03
- **C.13 - Final Legal Maturity Date:** 2026-06-03
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 31: SAN DIEGO COUNTY WATER AUTHORITY

- **C.1 - Title:** SAN DIEGO COUNTY WATER AUTHORITY 2.550000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 79741WAZ0, C.4 - ISIN: US79741WAZ05, C.3 - LEI: 549300Y0QN5OFKA1G520
- **C.18 - Value (incl. sponsor support):** $250070.73
- **C.18.a - Value (excl. sponsor support):** $250070.73
- **C.19 - Percentage of Net Assets:** 3.0400%
- **C.17 - Yield as of Reporting Date:** 2.5500%
- **C.11 - Maturity Date (WAM):** 2026-03-10
- **C.12 - Maturity Date (WAL):** 2026-03-10
- **C.13 - Final Legal Maturity Date:** 2026-03-10
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 32: AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO

- **C.1 - Title:** AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO 1.400001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 79766DLB3, C.4 - ISIN: US79766DLB37, C.3 - LEI: 54930055TIDYHNDP4F84
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 1.4000%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2058-05-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 33: SAN MATEO COUNTY JOINT POWERS FINANCING AUTHORITY

- **C.1 - Title:** SAN MATEO COUNTY JOINT POWERS FINANCING AUTHORITY 1.500000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 799002AA8, C.4 - ISIN: US799002AA86, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $340000.00
- **C.18.a - Value (excl. sponsor support):** $340000.00
- **C.19 - Percentage of Net Assets:** 4.1400%
- **C.17 - Yield as of Reporting Date:** 1.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2039-04-01
- **C.10 - Ratings:** Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 34: SANTA CLARA VALLEY TRANSPORTATION AUTHORITY

- **C.1 - Title:** SANTA CLARA VALLEY TRANSPORTATION AUTHORITY 3.720000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 80168NJW0, C.4 - ISIN: US80168NJW02, C.3 - LEI: 549300R6Q7T4MD3V9H68
- **C.18 - Value (incl. sponsor support):** $370000.00
- **C.18.a - Value (excl. sponsor support):** $370000.00
- **C.19 - Percentage of Net Assets:** 4.5000%
- **C.17 - Yield as of Reporting Date:** 3.7200%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2055-06-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 35: SANTA CLARITA VALLEY WATER AGENCY

- **C.1 - Title:** SANTA CLARITA VALLEY WATER AGENCY 2.500000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 80169FAB1, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100024.31
- **C.18.a - Value (excl. sponsor support):** $100024.31
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-03-05
- **C.12 - Maturity Date (WAL):** 2026-03-05
- **C.13 - Final Legal Maturity Date:** 2026-03-05
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 36: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 2.300000%
- **C.6 - Investment Category:** Tender Option Bond
- **Identifiers:** C.3 - CUSIP: 88035P6K9, C.4 - ISIN: US88035P6K91, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 2.3000%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2056-11-01
- **C.10 - Ratings:** Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 37: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.199999%
- **C.6 - Investment Category:** Tender Option Bond
- **Identifiers:** C.3 - CUSIP: 88035RK52, C.4 - ISIN: US88035RK525, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $300000.00
- **C.18.a - Value (excl. sponsor support):** $300000.00
- **C.19 - Percentage of Net Assets:** 3.6500%
- **C.17 - Yield as of Reporting Date:** 3.2000%
- **C.11 - Maturity Date (WAM):** 2026-02-02
- **C.12 - Maturity Date (WAL):** 2026-02-02
- **C.13 - Final Legal Maturity Date:** 2054-09-01
- **C.10 - Ratings:** Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 38: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 2.310001%
- **C.6 - Investment Category:** Tender Option Bond
- **Identifiers:** C.3 - CUSIP: 88035RVU5, C.4 - ISIN: US88035RVU57, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $150000.00
- **C.18.a - Value (excl. sponsor support):** $150000.00
- **C.19 - Percentage of Net Assets:** 1.8300%
- **C.17 - Yield as of Reporting Date:** 2.3100%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2054-12-01
- **C.10 - Ratings:** Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 39: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 3.749999%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 91412GEX9, C.4 - ISIN: US91412GEX97, C.3 - LEI: RRR42I7GG51DB5HDQR14
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 3.7500%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2041-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 40: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 2.850000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 91412GSK2, C.4 - ISIN: US91412GSK21, C.3 - LEI: RRR42I7GG51DB5HDQR14
- **C.18 - Value (incl. sponsor support):** $450000.00
- **C.18.a - Value (excl. sponsor support):** $450000.00
- **C.19 - Percentage of Net Assets:** 5.4800%
- **C.17 - Yield as of Reporting Date:** 2.8500%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2048-05-15
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 41: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 1.989998%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 91412HTJ2, C.4 - ISIN: US91412HTJ22, C.3 - LEI: RRR42I7GG51DB5HDQR14
- **C.18 - Value (incl. sponsor support):** $170000.00
- **C.18.a - Value (excl. sponsor support):** $170000.00
- **C.19 - Percentage of Net Assets:** 2.0700%
- **C.17 - Yield as of Reporting Date:** 1.9900%
- **C.11 - Maturity Date (WAM):** 2026-02-06
- **C.12 - Maturity Date (WAL):** 2026-02-06
- **C.13 - Final Legal Maturity Date:** 2054-05-15
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** Goldman Sachs Trust

**Date:** 2026-02-06

**By:** Allison Fracchiolla

**Name of Signing Officer:** Allison Fracchiolla

**Title of Signing Officer:** Assistant Treasurer