# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001752724-25-203943
**Filing Date:** 2025-8
**Character Count:** 21530
**Document Hash:** b62dbb7bd250c693e1cf30642f2be104
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203943.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203943

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS TRUST
- **CENTRAL INDEX KEY:** 0000822977

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05349
- **FILM NUMBER:** 251253753

**BUSINESS ADDRESS:**
- **STREET 1:** 71  SOUTH WACKER DRIVE
- **STREET 2:** C/O GOLDMAN SACHS & CO
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126554400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19910711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19900104

## Series and Classes Contracts Data

### Goldman Sachs Global Infrastructure Fund (Series ID: S000050577)

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Goldman Sachs Trust

- **b. Investment Company Act file number:** 811-05349

- **c. CIK number of Registrant:** 0000822977

- **d. LEI of Registrant:** S2FHCT8U6D2VORP0J605

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

  - **Street Address 1:** 71 South Wacker Drive

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

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

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

- **a. Name of Series:** Goldman Sachs Global Infrastructure Fund

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

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

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $100635045.05

**Total Liabilities:** $52998.46

**Net Assets:** $100582046.59

**Cash Not Reported:** $367348.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000159643 | 3.60%                | 0.53%                | 1.21%                |
| Class ID C000159641 | 3.55%                | 0.38%                | 1.19%                |
| Class ID C000159642 | 3.59%                | 0.45%                | 1.21%                |
| Class ID C000159645 | 3.68%                | 0.45%                | 1.22%                |
| Class ID C000159640 | 3.66%                | 0.45%                | 1.15%                |
| Class ID C000201776 | 3.60%                | 0.53%                | 1.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $935173.37               | $2468418.23                                |
| Month 2  | $990846.11               | $-1032812.33                               |
| Month 3  | $152546.13               | $648876.71                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fraport AG Frankfurt Airport S                 | Fraport AG Frankfurt Airport Services Worldwide | CUSIP: 000000000<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |     17905 | NS      | $1350745.67   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                                 | TC Energy Corp                                  | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     56138 | NS      | $2740630.98   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                           | Targa Resources Corp                            | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     17763 | NS      | $3092183.04   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                         | CenterPoint Energy Inc                          | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     52080 | NS      | $1913419.20   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                           | Kinetik Holdings Inc                            | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10734 | NS      | $472832.70    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                           | Williams Cos Inc/The                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     57307 | NS      | $3599452.67   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                              | National Grid PLC                               | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    470764 | NS      | $6910189.42   | 6.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                             | Cellnex Telecom SA                              | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     79209 | NS      | $3084260.55   | 3.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                       | Snam SpA                                        | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |    340780 | NS      | $2062978.42   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E Corp                                      | PG&E Corp                                       | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    174041 | NS      | $2426131.54   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                | Xcel Energy Inc                                 | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     15590 | NS      | $1061679.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                              | Eversource Energy                               | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     10918 | NS      | $694603.16    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                        | Consolidated Edison Inc                         | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      9728 | NS      | $976204.80    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                    | American Water Works Co Inc                     | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      6990 | NS      | $972378.90    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Gas Co Ltd                               | Osaka Gas Co Ltd                                | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     22400 | NS      | $574558.39    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                                    | Aena SME SA                                     | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     23650 | NS      | $631308.26    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                       | Engie SA                                        | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     44341 | NS      | $1042138.38   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc                                   | Enbridge Inc                                    | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    182645 | NS      | $8282231.50   | 8.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd                        | ENN Energy Holdings Ltd                         | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |    142600 | NS      | $1144795.57   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA Communications Corp                        | SBA Communications Corp                         | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     10166 | NS      | $2387383.44   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hydro One Ltd                                  | Hydro One Ltd                                   | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     40623 | NS      | $1463830.08   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc/Canada                              | Fortis Inc/Canada                               | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |     17079 | NS      | $815477.57    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                              | Atmos Energy Corp                               | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     12209 | NS      | $1881528.99   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifi                 | Grupo Aeroportuario del Pacifico SAB de CV      | CUSIP: 000000000<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     52165 | NS      | $1197422.28   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                              | Kinder Morgan Inc                               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     53848 | NS      | $1583131.20   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Transurban Group                               | Transurban Group                                | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    138338 | NS      | $1272843.08   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp                          | Pembina Pipeline Corp                           | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     54820 | NS      | $2058341.55   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | Vinci SA                                        | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     45151 | NS      | $6658439.09   | 6.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                            | Cheniere Energy Inc                             | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     16930 | NS      | $4122793.60   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                        | Veolia Environnement SA                         | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     21447 | NS      | $765698.56    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp                                    | Exelon Corp                                     | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     42564 | NS      | $1848128.88   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                       | Digital Realty Trust Inc                        | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      5586 | NS      | $973807.38    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                    | Ameren Corp                                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      6514 | NS      | $625604.56    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Group                                      | APA Group                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    312207 | NS      | $1678664.59   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp                                 | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     19206 | NS      | $1330591.68   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                   | Ferrovial SE                                    | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     56101 | NS      | $2992580.47   | 2.98%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp                            | American Tower Corp                             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     30939 | NS      | $6838137.78   | 6.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy Inc                              | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     16672 | NS      | $1157370.24   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                           | Edison International                            | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     10954 | NS      | $565226.40    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                               | Severn Trent PLC                                | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |     45376 | NS      | $1704876.57   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| NiSource Inc                                   | NiSource Inc                                    | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     37756 | NS      | $1523077.04   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corp                                       | BKV Corp                                        | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |     23328 | NS      | $562671.36    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                      | ONEOK Inc                                       | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     21365 | NS      | $1744024.95   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Enav SpA                                       | Enav SpA                                        | CUSIP: 000000000<br>LEI: 81560048ECF8D2059980 | Long             | EC               | CORP              | IT        |    252484 | NS      | $1167583.69   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sempra                                         | Sempra                                          | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     29116 | NS      | $2206119.32   | 2.19%             |  |  |  | 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        |    896220 | NS      | $896220.41    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                               | DT Midstream Inc                                | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20431 | NS      | $2245571.21   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Airport Terminal Co Ltd                  | Japan Airport Terminal Co Ltd                   | CUSIP: 000000000<br>LEI: 353800W9WEQSGUY2EO26 | Long             | EC               | CORP              | JP        |     27600 | NS      | $881327.48    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Castle Inc                               | Crown Castle Inc                                | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     11651 | NS      | $1196907.23   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Goldman Sachs Trust

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President Assistant Treasurer