# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001752724-25-192148
**Filing Date:** 2025-8
**Character Count:** 29119
**Document Hash:** 2b5ae063d6ef024f3e5e1d879fcc6227
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-192148.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001752724-25-192148

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250819

**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:** 251230029

**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 Commodity Strategy Fund (Series ID: S000015787)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000043358 | Class A Shares       | GSCAX           |
| C000043359 | Class C Shares       | GSCCX           |
| C000043360 | Institutional Shares | GCCIX           |
| C000058992 | Class R              | GCCRX           |
| C000058993 | Investor Shares      | GCCTX           |
| C000161523 | Class R6 Shares      | GCCUX           |
| C000201770 | Class P Shares       | GGRPX           |

## 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 Commodity Strategy Fund

- **b. EDGAR series identifier (if any):** S000015787

- **c. LEI of Series:** KSLHF8U0UKNUMV03EB51

**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:** $335627083.64

**Total Liabilities:** $350060.19

**Net Assets:** $335277023.45

**Amount of Assets Invested in Other Investment Companies:** $66106584.29

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161523 | -5.48%               | 0.23%                | 2.14%                |
| Class ID C000201770 | -5.48%               | 0.23%                | 2.14%                |
| Class ID C000043360 | -5.49%               | 0.23%                | 2.14%                |
| Class ID C000058993 | -5.48%               | 0.23%                | 2.09%                |
| Class ID C000043359 | -5.66%               | 0.13%                | 2.12%                |
| Class ID C000058992 | -5.52%               | 0.24%                | 2.08%                |
| Class ID C000043358 | -5.59%               | 0.24%                | 2.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-16225.09                                 |
| Month 2  | $0.00                    | $6045.71                                   |
| Month 3  | $173.53                  | $-9070.03                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ICE Futures U.S., Inc.                         | COTTON NO.2 FUTR DEC25                                                                             | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        46 | NC      | $-21044.19    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                   | NATURAL GAS FUTR OCT25                                                                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       195 | NC      | $-422218.85   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                             | BRENT CRUDE FUTR JAN26                                                                             | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       140 | NC      | $133837.23    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                                                | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2400000 | PA      | $2360829.29   | 0.70%             | 2025-11-20      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME NICKEL FUTURE JUL25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        20 | NC      | $-46439.11    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                    | Long: 610094853 TRS USD R E BCOMF3T INDEX / Short: 610094853 TRS USD P V 01MTBILL USB3MTA + 11 BPS | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |   2800000 | OU      | $-16070.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                         | SOYBEAN FUTURE NOV25                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       128 | NC      | $-2867.15     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                                                | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        | 105100000 | PA      | $104291789.41 | 31.11%            | 2025-09-04      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                                                | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  67300000 | PA      | $67176213.10  | 20.04%            | 2025-07-17      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Citibank NA                                    | Long: 530153561 TRS USD R E BCOMF3T INDEX / Short: 530153561 TRS USD P V 01MTBILL USB3MTA  +11 BPS | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  94432067 | OU      | $2184062.83   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                    | GOLD 100 OZ FUTR DEC25                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        51 | NC      | $970389.46    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                         | COCOA FUTURE DEC25                                                                                 | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        -2 | NC      | $-3630.24     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | SOYBEAN OIL FUTR DEC25                                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        81 | NC      | $444273.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                             | LOW SU GASOIL G NOV25                                                                              | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        39 | NC      | $220191.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME NICKEL FUTURE SEP25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        54 | NC      | $-481349.12   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                         | COFFEE 'C' FUTURE DEC25                                                                            | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        27 | NC      | $-800893.72   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                    | Long: 530153577 TRS USD R E CRBFTR INDEX / Short: 530153577 TRS USD P V 01MTBILL USB3MTA +24BPS    | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |   3786292 | OU      | $89980.63     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                                                | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  78600000 | PA      | $77248259.21  | 23.04%            | 2025-11-28      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| UBS Switzerland AG                             | Long: 610094845 TRS USD R E CRBFTR INDEX / Short: 610094845 TRS USD P V 01MTBILL USB3MTA + 24 BPS  | CUSIP: 000000000<br>LEI: 549300WOIFUSNYH0FL22 | N/A              | DCO              |  | US        |    500000 | OU      | $-3957.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                          | LME ZINC FUTURE SEP25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -26 | NC      | $-79762.15    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | LEAN HOGS FUTURE DEC25                                                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        44 | NC      | $27498.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                   | WTI CRUDE FUTURE NOV25                                                                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |      -100 | NC      | $-495464.37   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME NICKEL FUTURE JUL25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -20 | NC      | $187428.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | KC HRW WHEAT FUT DEC25                                                                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        40 | NC      | $-39133.11    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME LEAD FUTURE JUL25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -12 | NC      | $8752.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                         | SUGAR 11 (WORLD) MAR26                                                                             | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       142 | NC      | $-93018.64    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                         | FCOJ-A FUTURE SEP25                                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         1 | NC      | $-7380.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | WHEAT FUTURE(CBT) DEC25                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        64 | NC      | $-38248.47    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | LIVE CATTLE FUTR DEC25                                                                             | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        30 | NC      | $-4169.10     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME ZINC FUTURE JUL25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        27 | NC      | $-111668.07   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                         | SUGAR 11 (WORLD) OCT25                                                                             | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        94 | NC      | $-55676.91    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                                                | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25400000 | PA      | $25312228.02  | 7.55%             | 2025-07-31      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | CORN FUTURE DEC25                                                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       424 | NC      | $-377249.04   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund                                                     | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | EC               | RF                | US        |  24110140 | NS      | $24110140.12  | 7.19%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                   | WTI CRUDE FUTURE AUG25                                                                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       125 | NC      | $334376.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International                    | Long: 530153578 TRS USD R E CRBFTR INDEX / Short: 530153578 TRS USD P V 01MTBILL USB3MTA  +25 BPS  | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | US        |   3020397 | OU      | $71779.25     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                   | NATURAL GAS FUTR JAN26                                                                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |      -199 | NC      | $470668.17    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME PRI ALUM FUTR SEP25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -85 | NC      | $-347118.25   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                   | GASOLINE RBOB FUT NOV25                                                                            | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        27 | NC      | $95429.06     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME PRI ALUM FUTR NOV25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        89 | NC      | $328195.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME LEAD FUTURE JUL25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        12 | NC      | $16871.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                                                | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  32000000 | PA      | $31430326.08  | 9.37%             | 2025-12-04      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME PRI ALUM FUTR JUL25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        90 | NC      | $185406.51    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                   | NATURAL GAS FUTR AUG25                                                                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       344 | NC      | $-1197101.72  | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | SOYBEAN MEAL FUTR DEC25                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        67 | NC      | $-191413.17   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                    | SILVER FUTURE DEC25                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        26 | NC      | $414543.85    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Switzerland AG                             | Long: 530153579 TRS USD R E CRBFTR INDEX / Short: 530153579 TRS USD P V 01MTBILL USB3MTA  +25BPS   | CUSIP: 000000000<br>LEI: 549300WOIFUSNYH0FL22 | N/A              | DCO              |  | US        |  25976604 | OU      | $617329.82    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                          | LME PRI ALUM FUTR SEP25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        85 | NC      | $-218112.00   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME ZINC FUTURE SEP25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        26 | NC      | $-98119.65    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME ZINC FUTURE JUL25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -27 | NC      | $98734.45     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                    | COPPER FUTURE DEC25                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        44 | NC      | $371027.79    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME LEAD FUTURE SEP25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -11 | NC      | $-29324.15    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                   | NY HARB ULSD FUT NOV25                                                                             | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        21 | NC      | $173051.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME LEAD FUTURE NOV25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        11 | NC      | $28469.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME NICKEL FUTURE SEP25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -54 | NC      | $357581.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME LEAD FUTURE SEP25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        11 | NC      | $-7598.90     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| RBC Dominion Securities, Inc.                  | Long: 530153563 TRS USD R E BCOMF3T INDEX / Short: 530153563 TRS USD P V 01MTBILL USB3MTA  +12 BPS | CUSIP: 000000000<br>LEI: 549300QJJX6CVVUXLE15 | N/A              | DCO              |  | US        |  26312141 | OU      | $608557.77    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| London Metal Exchange                          | LME ZINC FUTURE NOV25                                                                              | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        27 | NC      | $81844.95     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME PRI ALUM FUTR JUL25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -90 | NC      | $221611.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International                    | Long: 530153562 TRS USD R E BCOMF3T INDEX / Short: 530153562 TRS USD P V 01MTBILL USB3MTA  +12BPS  | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | US        |  65961896 | OU      | $1525593.28   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                         | FCOJ-A FUTURE NOV25                                                                                | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |         2 | NC      | $-7863.99     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                          | LME NICKEL FUTURE NOV25                                                                            | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        20 | NC      | $-58069.14    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** GOLDMAN SACHS TRUST

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President