# EDGAR Filing Document

**Accession Number:** 0001089915
**File Stem:** 0000950103-25-010657
**Filing Date:** 2025-8
**Character Count:** 2955
**Document Hash:** 9fbdc476403e6084a2a1e525625b6fe3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-010657.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0000950103-25-010657

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANDATORILY EXCHANGEABLE SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0001089915

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09433
- **FILM NUMBER:** 251251886

**BUSINESS ADDRESS:**
- **STREET 1:** C/O GOLDMAN SACHS & CO
- **STREET 2:** 85 BROAD STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 2129021000

**MAIL ADDRESS:**
- **STREET 1:** C/O GOLDMAN SACHS & CO
- **STREET 2:** 85 BROAD STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FOURTEENTH AUTOMATIC COMMON EXCHANGE SECURITY TRUST
- **DATE OF NAME CHANGE:** 19990702

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001089915

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** MANDATORILY EXCHANGEABLE SECURITIES TRUST

**Address:** C/O GOLDMAN SACHS  CO, NEW YORK, NY 10004

**Telephone number:** 212-902-1000

**Name of agent for service:** Lin Yu

**Agent Address:** 200 West Street, New York, NY 10282-2198

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-09433

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [x] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [ ] No

- [x] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** —

**Included Institutional Managers:** —

## N-PX: Signature Block

**Reporting Person:** MANDATORILY EXCHANGEABLE SECURITIES TRUST

**By (Signature):** /s/ Jonathan Armstrong

**By (Printed Signature):** /s/ Jonathan Armstrong

**By (Title):** Trustee

**Date:** 08/25/2025