# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001193125-25-271555
**Filing Date:** 2025-11
**Character Count:** 61619
**Document Hash:** ed0534183c0ab6f8fae9a37d0c56a8c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-271555.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0001193125-25-271555

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**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:** 251461287

**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):** 2025-10-31

**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:** 48 days

- **WAL:** 48 days

- **Total Value of Portfolio Securities:** $8586443.81

- **Amortized Cost of Portfolio Securities:** $8583733.08

- **Cash:** $46084.09

- **Total Other Assets:** $35831.96

- **Total Liabilities:** $80761.74

- **Net Assets of Series:** $8584887.39

- **Number of Shares Outstanding (Series):** 8584957.1900

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-10-01 | $1737407.00               | $6258242.53                | 18.7700%                  | 67.6000%                   |
| 2025-10-02 | $1608202.74               | $5603509.66                | 18.6900%                  | 65.1400%                   |
| 2025-10-03 | $1708224.36               | $5503531.98                | 20.0900%                  | 64.7200%                   |
| 2025-10-06 | $1703069.96               | $5498377.81                | 20.0400%                  | 64.7000%                   |
| 2025-10-07 | $1563561.31               | $5098903.94                | 19.5500%                  | 63.7500%                   |
| 2025-10-08 | $2097438.11               | $5097505.07                | 26.2300%                  | 63.7600%                   |
| 2025-10-09 | $3232963.02               | $6133029.98                | 35.8000%                  | 67.9100%                   |
| 2025-10-10 | $2798137.57               | $6258343.54                | 30.5500%                  | 68.3400%                   |
| 2025-10-13 | $2798282.73               | $6258488.70                | 30.5500%                  | 68.3300%                   |
| 2025-10-14 | $2140096.69               | $5500235.70                | 25.4700%                  | 65.4700%                   |
| 2025-10-15 | $2081411.31               | $5431550.32                | 24.9800%                  | 65.1900%                   |
| 2025-10-16 | $2080982.52               | $5431121.53                | 24.9800%                  | 65.1800%                   |
| 2025-10-17 | $2182898.60               | $5433053.83                | 26.1900%                  | 65.1900%                   |
| 2025-10-20 | $2183186.28               | $5433341.51                | 26.1900%                  | 65.1900%                   |
| 2025-10-21 | $2083293.89               | $5333449.12                | 24.9900%                  | 63.9900%                   |
| 2025-10-22 | $2070089.84               | $5320245.07                | 24.8700%                  | 63.9300%                   |
| 2025-10-23 | $2169981.43               | $5619981.43                | 25.7500%                  | 66.7000%                   |
| 2025-10-24 | $2067058.46               | $5517058.46                | 24.8300%                  | 66.2800%                   |
| 2025-10-27 | $2065169.21               | $5515169.21                | 24.8100%                  | 66.2600%                   |
| 2025-10-28 | $2065219.36               | $5515219.36                | 24.8100%                  | 66.2600%                   |
| 2025-10-29 | $2365109.78               | $5615109.78                | 28.4100%                  | 67.4600%                   |
| 2025-10-30 | $2566023.04               | $6266023.04                | 29.0800%                  | 71.0000%                   |
| 2025-10-31 | $2405996.55               | $6105996.55                | 27.7600%                  | 70.4500%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-10-01 | 2.4500%             |
| 2025-10-02 | 2.4200%             |
| 2025-10-03 | 2.4000%             |
| 2025-10-06 | 2.3200%             |
| 2025-10-07 | 2.2800%             |
| 2025-10-08 | 2.2800%             |
| 2025-10-09 | 2.3000%             |
| 2025-10-10 | 2.3200%             |
| 2025-10-13 | 2.3800%             |
| 2025-10-14 | 2.3800%             |
| 2025-10-15 | 2.3600%             |
| 2025-10-16 | 2.3200%             |
| 2025-10-17 | 2.2800%             |
| 2025-10-20 | 2.1800%             |
| 2025-10-21 | 2.1800%             |
| 2025-10-22 | 2.2000%             |
| 2025-10-23 | 2.2400%             |
| 2025-10-24 | 2.2800%             |
| 2025-10-27 | 2.4100%             |
| 2025-10-28 | 2.4300%             |
| 2025-10-29 | 2.4500%             |
| 2025-10-30 | 2.4700%             |
| 2025-10-31 | 2.5200%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-10-01 | 1.0005                      |
|  |  |
| 2025-10-02 | 1.0005                      |
|  |  |
| 2025-10-03 | 1.0004                      |
|  |  |
| 2025-10-06 | 1.0005                      |
|  |  |
| 2025-10-07 | 1.0005                      |
|  |  |
| 2025-10-08 | 1.0005                      |
|  |  |
| 2025-10-09 | 1.0005                      |
|  |  |
| 2025-10-10 | 1.0004                      |
|  |  |
| 2025-10-13 | 1.0004                      |
|  |  |
| 2025-10-14 | 1.0004                      |
|  |  |
| 2025-10-15 | 1.0004                      |
|  |  |
| 2025-10-16 | 1.0004                      |
|  |  |
| 2025-10-17 | 1.0005                      |
|  |  |
| 2025-10-20 | 1.0005                      |
|  |  |
| 2025-10-21 | 1.0004                      |
|  |  |
| 2025-10-22 | 1.0004                      |
|  |  |
| 2025-10-23 | 1.0004                      |
|  |  |
| 2025-10-24 | 1.0004                      |
|  |  |
| 2025-10-27 | 1.0004                      |
|  |  |
| 2025-10-28 | 1.0004                      |
|  |  |
| 2025-10-29 | 1.0004                      |
|  |  |
| 2025-10-30 | 1.0003                      |
|  |  |
| 2025-10-31 | 1.0003                      |
|  |  |

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

### Class: Administration Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $51172.96

- **Number of Shares Outstanding:** 51173.3800

- **Expense Reimbursement/Waiver:** 14.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0005          |
|  |  |
| 2025-10-02 | 1.0005          |
|  |  |
| 2025-10-03 | 1.0004          |
|  |  |
| 2025-10-06 | 1.0005          |
|  |  |
| 2025-10-07 | 1.0005          |
|  |  |
| 2025-10-08 | 1.0005          |
|  |  |
| 2025-10-09 | 1.0005          |
|  |  |
| 2025-10-10 | 1.0004          |
|  |  |
| 2025-10-13 | 1.0004          |
|  |  |
| 2025-10-14 | 1.0004          |
|  |  |
| 2025-10-15 | 1.0004          |
|  |  |
| 2025-10-16 | 1.0004          |
|  |  |
| 2025-10-17 | 1.0005          |
|  |  |
| 2025-10-20 | 1.0005          |
|  |  |
| 2025-10-21 | 1.0004          |
|  |  |
| 2025-10-22 | 1.0004          |
|  |  |
| 2025-10-23 | 1.0004          |
|  |  |
| 2025-10-24 | 1.0004          |
|  |  |
| 2025-10-27 | 1.0004          |
|  |  |
| 2025-10-28 | 1.0004          |
|  |  |
| 2025-10-29 | 1.0004          |
|  |  |
| 2025-10-30 | 1.0003          |
|  |  |
| 2025-10-31 | 1.0003          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $82.63                    | $0.00                   |

**Total Gross Subscriptions (Month):** $82.63

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

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 2.0100%           |
| 2025-10-02 | 1.9900%           |
| 2025-10-03 | 1.9600%           |
| 2025-10-06 | 1.8900%           |
| 2025-10-07 | 1.8400%           |
| 2025-10-08 | 1.8500%           |
| 2025-10-09 | 1.8700%           |
| 2025-10-10 | 1.8900%           |
| 2025-10-13 | 1.9500%           |
| 2025-10-14 | 1.9500%           |
| 2025-10-15 | 1.9300%           |
| 2025-10-16 | 1.8800%           |
| 2025-10-17 | 1.8400%           |
| 2025-10-20 | 1.7400%           |
| 2025-10-21 | 1.7400%           |
| 2025-10-22 | 1.7600%           |
| 2025-10-23 | 1.8100%           |
| 2025-10-24 | 1.8500%           |
| 2025-10-27 | 1.9700%           |
| 2025-10-28 | 1.9900%           |
| 2025-10-29 | 2.0100%           |
| 2025-10-30 | 2.0400%           |
| 2025-10-31 | 2.0900%           |

**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:** $51152.03

- **Number of Shares Outstanding:** 51152.4600

- **Expense Reimbursement/Waiver:** 14.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0005          |
|  |  |
| 2025-10-02 | 1.0005          |
|  |  |
| 2025-10-03 | 1.0004          |
|  |  |
| 2025-10-06 | 1.0005          |
|  |  |
| 2025-10-07 | 1.0005          |
|  |  |
| 2025-10-08 | 1.0005          |
|  |  |
| 2025-10-09 | 1.0005          |
|  |  |
| 2025-10-10 | 1.0004          |
|  |  |
| 2025-10-13 | 1.0004          |
|  |  |
| 2025-10-14 | 1.0004          |
|  |  |
| 2025-10-15 | 1.0004          |
|  |  |
| 2025-10-16 | 1.0004          |
|  |  |
| 2025-10-17 | 1.0005          |
|  |  |
| 2025-10-20 | 1.0005          |
|  |  |
| 2025-10-21 | 1.0004          |
|  |  |
| 2025-10-22 | 1.0004          |
|  |  |
| 2025-10-23 | 1.0004          |
|  |  |
| 2025-10-24 | 1.0004          |
|  |  |
| 2025-10-27 | 1.0004          |
|  |  |
| 2025-10-28 | 1.0004          |
|  |  |
| 2025-10-29 | 1.0004          |
|  |  |
| 2025-10-30 | 1.0003          |
|  |  |
| 2025-10-31 | 1.0003          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $82.64                    | $0.00                   |

**Total Gross Subscriptions (Month):** $82.64

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

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 2.0100%           |
| 2025-10-02 | 1.9900%           |
| 2025-10-03 | 1.9600%           |
| 2025-10-06 | 1.8900%           |
| 2025-10-07 | 1.8400%           |
| 2025-10-08 | 1.8500%           |
| 2025-10-09 | 1.8700%           |
| 2025-10-10 | 1.8900%           |
| 2025-10-13 | 1.9500%           |
| 2025-10-14 | 1.9500%           |
| 2025-10-15 | 1.9300%           |
| 2025-10-16 | 1.8800%           |
| 2025-10-17 | 1.8400%           |
| 2025-10-20 | 1.7400%           |
| 2025-10-21 | 1.7400%           |
| 2025-10-22 | 1.7600%           |
| 2025-10-23 | 1.8100%           |
| 2025-10-24 | 1.8500%           |
| 2025-10-27 | 1.9700%           |
| 2025-10-28 | 1.9900%           |
| 2025-10-29 | 2.0100%           |
| 2025-10-30 | 2.0400%           |
| 2025-10-31 | 2.0900%           |

**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:** $51233.07

- **Number of Shares Outstanding:** 51233.4900

- **Expense Reimbursement/Waiver:** 14.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0005          |
|  |  |
| 2025-10-02 | 1.0005          |
|  |  |
| 2025-10-03 | 1.0004          |
|  |  |
| 2025-10-06 | 1.0005          |
|  |  |
| 2025-10-07 | 1.0005          |
|  |  |
| 2025-10-08 | 1.0005          |
|  |  |
| 2025-10-09 | 1.0005          |
|  |  |
| 2025-10-10 | 1.0004          |
|  |  |
| 2025-10-13 | 1.0004          |
|  |  |
| 2025-10-14 | 1.0004          |
|  |  |
| 2025-10-15 | 1.0004          |
|  |  |
| 2025-10-16 | 1.0004          |
|  |  |
| 2025-10-17 | 1.0005          |
|  |  |
| 2025-10-20 | 1.0005          |
|  |  |
| 2025-10-21 | 1.0004          |
|  |  |
| 2025-10-22 | 1.0004          |
|  |  |
| 2025-10-23 | 1.0004          |
|  |  |
| 2025-10-24 | 1.0004          |
|  |  |
| 2025-10-27 | 1.0004          |
|  |  |
| 2025-10-28 | 1.0004          |
|  |  |
| 2025-10-29 | 1.0004          |
|  |  |
| 2025-10-30 | 1.0003          |
|  |  |
| 2025-10-31 | 1.0003          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $89.08                    | $0.00                   |

**Total Gross Subscriptions (Month):** $89.08

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

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 2.1600%           |
| 2025-10-02 | 2.1400%           |
| 2025-10-03 | 2.1100%           |
| 2025-10-06 | 2.0400%           |
| 2025-10-07 | 1.9900%           |
| 2025-10-08 | 2.0000%           |
| 2025-10-09 | 2.0200%           |
| 2025-10-10 | 2.0400%           |
| 2025-10-13 | 2.1000%           |
| 2025-10-14 | 2.1000%           |
| 2025-10-15 | 2.0800%           |
| 2025-10-16 | 2.0300%           |
| 2025-10-17 | 1.9900%           |
| 2025-10-20 | 1.8900%           |
| 2025-10-21 | 1.8900%           |
| 2025-10-22 | 1.9100%           |
| 2025-10-23 | 1.9600%           |
| 2025-10-24 | 2.0000%           |
| 2025-10-27 | 2.1200%           |
| 2025-10-28 | 2.1400%           |
| 2025-10-29 | 2.1600%           |
| 2025-10-30 | 2.1900%           |
| 2025-10-31 | 2.2400%           |

**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:** $51017.35

- **Number of Shares Outstanding:** 51017.7600

- **Expense Reimbursement/Waiver:** 14.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0005          |
|  |  |
| 2025-10-02 | 1.0005          |
|  |  |
| 2025-10-03 | 1.0004          |
|  |  |
| 2025-10-06 | 1.0005          |
|  |  |
| 2025-10-07 | 1.0005          |
|  |  |
| 2025-10-08 | 1.0005          |
|  |  |
| 2025-10-09 | 1.0005          |
|  |  |
| 2025-10-10 | 1.0004          |
|  |  |
| 2025-10-13 | 1.0004          |
|  |  |
| 2025-10-14 | 1.0004          |
|  |  |
| 2025-10-15 | 1.0004          |
|  |  |
| 2025-10-16 | 1.0004          |
|  |  |
| 2025-10-17 | 1.0005          |
|  |  |
| 2025-10-20 | 1.0005          |
|  |  |
| 2025-10-21 | 1.0004          |
|  |  |
| 2025-10-22 | 1.0004          |
|  |  |
| 2025-10-23 | 1.0004          |
|  |  |
| 2025-10-24 | 1.0004          |
|  |  |
| 2025-10-27 | 1.0004          |
|  |  |
| 2025-10-28 | 1.0004          |
|  |  |
| 2025-10-29 | 1.0004          |
|  |  |
| 2025-10-30 | 1.0003          |
|  |  |
| 2025-10-31 | 1.0003          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $72.00                    | $0.00                   |

**Total Gross Subscriptions (Month):** $72.00

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

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 1.7600%           |
| 2025-10-02 | 1.7400%           |
| 2025-10-03 | 1.7100%           |
| 2025-10-06 | 1.6400%           |
| 2025-10-07 | 1.5900%           |
| 2025-10-08 | 1.6000%           |
| 2025-10-09 | 1.6200%           |
| 2025-10-10 | 1.6400%           |
| 2025-10-13 | 1.7000%           |
| 2025-10-14 | 1.7000%           |
| 2025-10-15 | 1.6800%           |
| 2025-10-16 | 1.6300%           |
| 2025-10-17 | 1.5900%           |
| 2025-10-20 | 1.4900%           |
| 2025-10-21 | 1.4900%           |
| 2025-10-22 | 1.5100%           |
| 2025-10-23 | 1.5600%           |
| 2025-10-24 | 1.6000%           |
| 2025-10-27 | 1.7200%           |
| 2025-10-28 | 1.7400%           |
| 2025-10-29 | 1.7600%           |
| 2025-10-30 | 1.7900%           |
| 2025-10-31 | 1.8400%           |

**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:** $8380311.98

- **Number of Shares Outstanding:** 8380380.1000

- **Expense Reimbursement/Waiver:** 2300.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0005          |
|  |  |
| 2025-10-02 | 1.0005          |
|  |  |
| 2025-10-03 | 1.0004          |
|  |  |
| 2025-10-06 | 1.0005          |
|  |  |
| 2025-10-07 | 1.0005          |
|  |  |
| 2025-10-08 | 1.0005          |
|  |  |
| 2025-10-09 | 1.0005          |
|  |  |
| 2025-10-10 | 1.0004          |
|  |  |
| 2025-10-13 | 1.0004          |
|  |  |
| 2025-10-14 | 1.0004          |
|  |  |
| 2025-10-15 | 1.0004          |
|  |  |
| 2025-10-16 | 1.0004          |
|  |  |
| 2025-10-17 | 1.0005          |
|  |  |
| 2025-10-20 | 1.0005          |
|  |  |
| 2025-10-21 | 1.0004          |
|  |  |
| 2025-10-22 | 1.0004          |
|  |  |
| 2025-10-23 | 1.0004          |
|  |  |
| 2025-10-24 | 1.0004          |
|  |  |
| 2025-10-27 | 1.0004          |
|  |  |
| 2025-10-28 | 1.0004          |
|  |  |
| 2025-10-29 | 1.0004          |
|  |  |
| 2025-10-30 | 1.0003          |
|  |  |
| 2025-10-31 | 1.0003          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $33509.13                 | $0.01                   |
| 2025-10-02 | $20000.89                 | $500000.00              |
| 2025-10-06 | $0.00                     | $0.24                   |
| 2025-10-07 | $0.00                     | $700000.00              |
| 2025-10-09 | $1235573.72               | $0.00                   |
| 2025-10-14 | $0.00                     | $633194.07              |
| 2025-10-15 | $0.00                     | $69000.00               |
| 2025-10-23 | $0.00                     | $16.69                  |
| 2025-10-27 | $0.00                     | $1504.87                |
| 2025-10-31 | $341558.03                | $0.00                   |

**Total Gross Subscriptions (Month):** $1630641.77

**Total Gross Redemptions (Month):** $1903715.88

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 2.2600%           |
| 2025-10-02 | 2.2400%           |
| 2025-10-03 | 2.2100%           |
| 2025-10-06 | 2.1400%           |
| 2025-10-07 | 2.0900%           |
| 2025-10-08 | 2.1000%           |
| 2025-10-09 | 2.1200%           |
| 2025-10-10 | 2.1400%           |
| 2025-10-13 | 2.2000%           |
| 2025-10-14 | 2.2000%           |
| 2025-10-15 | 2.1800%           |
| 2025-10-16 | 2.1300%           |
| 2025-10-17 | 2.0900%           |
| 2025-10-20 | 1.9900%           |
| 2025-10-21 | 1.9900%           |
| 2025-10-22 | 2.0100%           |
| 2025-10-23 | 2.0600%           |
| 2025-10-24 | 2.1000%           |
| 2025-10-27 | 2.2200%           |
| 2025-10-28 | 2.2400%           |
| 2025-10-29 | 2.2600%           |
| 2025-10-30 | 2.2900%           |
| 2025-10-31 | 2.3400%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 41.2500%         | 0.0000%              |
| Broker-dealer |  | 58.7500%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: BAY AREA TOLL AUTHORITY

- **C.1 - Title:** BAY AREA TOLL AUTHORITY 2.450000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 072024YX4, C.4 - ISIN: US072024YX46, C.3 - LEI: 5493001FUZGUQMIP5D78
- **C.18 - Value (incl. sponsor support):** $255000.00
- **C.18.a - Value (excl. sponsor support):** $255000.00
- **C.19 - Percentage of Net Assets:** 2.9700%
- **C.17 - Yield as of Reporting Date:** 2.4500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 2: BAY AREA TOLL AUTHORITY

- **C.1 - Title:** BAY AREA TOLL AUTHORITY 1.999999%
- **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:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 2.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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: 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):** $237838.00
- **C.18.a - Value (excl. sponsor support):** $237838.00
- **C.19 - Percentage of Net Assets:** 2.7700%
- **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 4: BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC (FORMERLY BLACKR

- **C.1 - Title:** BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC (FORMERLY BLACKR 3.360000%
- **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:** 2.3300%
- **C.17 - Yield as of Reporting Date:** 3.3600%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 5: CALIFORNIA INSTITUTE OF TECHNOLOGY

- **C.1 - Title:** CALIFORNIA INSTITUTE OF TECHNOLOGY 2.020001%
- **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:** 3.4900%
- **C.17 - Yield as of Reporting Date:** 2.0200%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 6: 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):** $300130.50
- **C.18.a - Value (excl. sponsor support):** $300130.50
- **C.19 - Percentage of Net Assets:** 3.5000%
- **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 7: CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY

- **C.1 - Title:** CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 3.000001%
- **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:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 3.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **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 8: CHEVRON CORPORATION

- **C.1 - Title:** CHEVRON CORPORATION 2.900002%
- **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):** $320000.00
- **C.18.a - Value (excl. sponsor support):** $320000.00
- **C.19 - Percentage of Net Assets:** 3.7300%
- **C.17 - Yield as of Reporting Date:** 2.9000%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **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 9: HOAG MEMORIAL HOSPITAL PRESBYTERIAN

- **C.1 - Title:** HOAG MEMORIAL HOSPITAL PRESBYTERIAN 3.080001%
- **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):** $340000.00
- **C.18.a - Value (excl. sponsor support):** $340000.00
- **C.19 - Percentage of Net Assets:** 3.9600%
- **C.17 - Yield as of Reporting Date:** 3.0800%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **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 10: 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):** $155160.81
- **C.18.a - Value (excl. sponsor support):** $155160.81
- **C.19 - Percentage of Net Assets:** 1.8100%
- **C.17 - Yield as of Reporting Date:** 2.6700%
- **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 11: 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):** $100780.36
- **C.18.a - Value (excl. sponsor support):** $100780.36
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 2.5800%
- **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 12: DEPARTMENT OF WATER RESOURCES OF THE STATE OF CALIFORNIA

- **C.1 - Title:** DEPARTMENT OF WATER RESOURCES OF THE STATE OF CALIFORNIA 2.500000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13069KEX0, C.3 - LEI: 549300X618YEC5LGBQ98
- **C.18 - Value (incl. sponsor support):** $149991.44
- **C.18.a - Value (excl. sponsor support):** $149991.44
- **C.19 - Percentage of Net Assets:** 1.7500%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2025-12-09
- **C.12 - Maturity Date (WAL):** 2025-12-09
- **C.13 - Final Legal Maturity Date:** 2025-12-09
- **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 13: 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):** $99998.83
- **C.18.a - Value (excl. sponsor support):** $99998.83
- **C.19 - Percentage of Net Assets:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 2.5500%
- **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 14: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY

- **C.1 - Title:** CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 3.000001%
- **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:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 3.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **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 15: RADY CHILDREN'S HOSPITAL-SAN DIEGO

- **C.1 - Title:** RADY CHILDREN'S HOSPITAL-SAN DIEGO 3.049998%
- **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):** $300000.00
- **C.18.a - Value (excl. sponsor support):** $300000.00
- **C.19 - Percentage of Net Assets:** 3.4900%
- **C.17 - Yield as of Reporting Date:** 3.0500%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **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 16: KAISER FOUNDATION HOSPITALS

- **C.1 - Title:** KAISER FOUNDATION HOSPITALS 2.680000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13080MER4, C.3 - LEI: DW4Z57L3G4IRMHYZYK62
- **C.18 - Value (incl. sponsor support):** $300046.14
- **C.18.a - Value (excl. sponsor support):** $300046.14
- **C.19 - Percentage of Net Assets:** 3.5000%
- **C.17 - Yield as of Reporting Date:** 2.6800%
- **C.11 - Maturity Date (WAM):** 2026-01-08
- **C.12 - Maturity Date (WAL):** 2026-01-08
- **C.13 - Final Legal Maturity Date:** 2026-01-08
- **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 17: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY

- **C.1 - Title:** CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 2.600000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13080QEM6, C.3 - LEI: 549300KTNI2GCJNX2U48
- **C.18 - Value (incl. sponsor support):** $100014.94
- **C.18.a - Value (excl. sponsor support):** $100014.94
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2026-01-06
- **C.13 - Final Legal Maturity Date:** 2026-01-06
- **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 18: SCRIPPS HEALTH

- **C.1 - Title:** SCRIPPS HEALTH 1.400001%
- **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):** $150000.00
- **C.18.a - Value (excl. sponsor support):** $150000.00
- **C.19 - Percentage of Net Assets:** 1.7500%
- **C.17 - Yield as of Reporting Date:** 1.4000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 19: DEUTSCHE BANK SPEARS/LIFERS TRUST

- **C.1 - Title:** DEUTSCHE BANK SPEARS/LIFERS TRUST 3.309999%
- **C.6 - Investment Category:** Tender Option Bond
- **Identifiers:** C.3 - CUSIP: 25156SHV2, C.4 - ISIN: US25156SHV25, 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:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 3.3100%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2050-05-15
- **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? 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 20: 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):** $305029.29
- **C.18.a - Value (excl. sponsor support):** $305029.29
- **C.19 - Percentage of Net Assets:** 3.5500%
- **C.17 - Yield as of Reporting Date:** 2.3200%
- **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 21: 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):** $167845.29
- **C.18.a - Value (excl. sponsor support):** $167845.29
- **C.19 - Percentage of Net Assets:** 1.9600%
- **C.17 - Yield as of Reporting Date:** 2.3000%
- **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 22: ORANGE COUNTY WATER DISTRICT

- **C.1 - Title:** ORANGE COUNTY WATER DISTRICT 2.780001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 684421CB4, C.4 - ISIN: US684421CB49, C.3 - LEI: 549300KBQTX6CMJ3U708
- **C.18 - Value (incl. sponsor support):** $225000.00
- **C.18.a - Value (excl. sponsor support):** $225000.00
- **C.19 - Percentage of Net Assets:** 2.6200%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2042-08-01
- **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 23: RIVERSIDE CALIFORNIA (CITY OF)

- **C.1 - Title:** RIVERSIDE CALIFORNIA (CITY OF) 3.000001%
- **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:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 3.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **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 24: 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):** $259705.49
- **C.18.a - Value (excl. sponsor support):** $259705.49
- **C.19 - Percentage of Net Assets:** 3.0300%
- **C.17 - Yield as of Reporting Date:** 2.1200%
- **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 25: HOUSING AUTHORITY OF THE COUNTY OF SACRAMENTO

- **C.1 - Title:** HOUSING AUTHORITY OF THE COUNTY OF SACRAMENTO 3.049998%
- **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):** $245000.00
- **C.18.a - Value (excl. sponsor support):** $245000.00
- **C.19 - Percentage of Net Assets:** 2.8500%
- **C.17 - Yield as of Reporting Date:** 3.0500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2029-07-15
- **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? 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 26: SAN DIEGO COUNTY WATER AUTHORITY

- **C.1 - Title:** SAN DIEGO COUNTY WATER AUTHORITY 2.700000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 79741WAS6, C.4 - ISIN: US79741WAS61, C.3 - LEI: 549300Y0QN5OFKA1G520
- **C.18 - Value (incl. sponsor support):** $250001.45
- **C.18.a - Value (excl. sponsor support):** $250001.45
- **C.19 - Percentage of Net Assets:** 2.9100%
- **C.17 - Yield as of Reporting Date:** 2.7000%
- **C.11 - Maturity Date (WAM):** 2025-11-13
- **C.12 - Maturity Date (WAL):** 2025-11-13
- **C.13 - Final Legal Maturity Date:** 2025-11-13
- **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 27: AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO

- **C.1 - Title:** AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO 1.999999%
- **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):** $400000.00
- **C.18.a - Value (excl. sponsor support):** $400000.00
- **C.19 - Percentage of Net Assets:** 4.6600%
- **C.17 - Yield as of Reporting Date:** 2.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 28: SAN FRANCISCO AIRPORT COMMISSION

- **C.1 - Title:** SAN FRANCISCO AIRPORT COMMISSION 2.650000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 79768KAZ4, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $149998.59
- **C.18.a - Value (excl. sponsor support):** $149998.59
- **C.19 - Percentage of Net Assets:** 1.7500%
- **C.17 - Yield as of Reporting Date:** 2.7500%
- **C.11 - Maturity Date (WAM):** 2025-11-06
- **C.12 - Maturity Date (WAL):** 2025-11-06
- **C.13 - Final Legal Maturity Date:** 2025-11-06
- **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? Yes, C.23 Categorized at Level 3? No

### Security 29: SAN MATEO COUNTY JOINT POWERS FINANCING AUTHORITY

- **C.1 - Title:** SAN MATEO COUNTY JOINT POWERS FINANCING AUTHORITY 2.300000%
- **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:** 3.9600%
- **C.17 - Yield as of Reporting Date:** 2.3000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 30: SANTA CLARA VALLEY TRANSPORTATION AUTHORITY

- **C.1 - Title:** SANTA CLARA VALLEY TRANSPORTATION AUTHORITY 2.300000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 80168NJU4, C.4 - ISIN: US80168NJU46, C.3 - LEI: 549300R6Q7T4MD3V9H68
- **C.18 - Value (incl. sponsor support):** $385000.00
- **C.18.a - Value (excl. sponsor support):** $385000.00
- **C.19 - Percentage of Net Assets:** 4.4800%
- **C.17 - Yield as of Reporting Date:** 2.3000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 31: SANTA CLARITA VALLEY WATER AGENCY

- **C.1 - Title:** SANTA CLARITA VALLEY WATER AGENCY 2.680000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 80169FAA3, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $99999.01
- **C.18.a - Value (excl. sponsor support):** $99999.01
- **C.19 - Percentage of Net Assets:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 2.6800%
- **C.11 - Maturity Date (WAM):** 2025-11-05
- **C.12 - Maturity Date (WAL):** 2025-11-05
- **C.13 - Final Legal Maturity Date:** 2025-11-05
- **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? Yes, C.23 Categorized at Level 3? No

### Security 32: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.239999%
- **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:** 2.3300%
- **C.17 - Yield as of Reporting Date:** 3.2400%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 33: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.800000%
- **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):** $150000.00
- **C.18.a - Value (excl. sponsor support):** $150000.00
- **C.19 - Percentage of Net Assets:** 1.7500%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **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 34: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.250000%
- **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:** 1.7500%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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 35: UNITED STATES DEPARTMENT OF THE TREASURY

- **C.1 - Title:** UNITED STATES DEPARTMENT OF THE TREASURY 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RM1, C.4 - ISIN: US912797RM16, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $849909.59
- **C.18.a - Value (excl. sponsor support):** $849909.59
- **C.19 - Percentage of Net Assets:** 9.9000%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2025-11-04
- **C.12 - Maturity Date (WAL):** 2025-11-04
- **C.13 - Final Legal Maturity Date:** 2025-11-04
- **C.10 - Ratings:** Fitch, Inc.: F1+
- **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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 36: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 3.150001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 913366BB5, C.4 - ISIN: US913366BB57, 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:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 3.1500%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-01
- **C.13 - Final Legal Maturity Date:** 2032-05-15
- **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? 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 37: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 3.220001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 91412HTH6, C.4 - ISIN: US91412HTH65, 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:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 3.2200%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **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

### Security 38: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 3.520002%
- **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):** $300000.00
- **C.18.a - Value (excl. sponsor support):** $300000.00
- **C.19 - Percentage of Net Assets:** 3.4900%
- **C.17 - Yield as of Reporting Date:** 3.5200%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2054-05-15
- **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 39: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 2.500000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 91412YCR5, C.3 - LEI: RRR42I7GG51DB5HDQR14
- **C.18 - Value (incl. sponsor support):** $99994.08
- **C.18.a - Value (excl. sponsor support):** $99994.08
- **C.19 - Percentage of Net Assets:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 2.5500%
- **C.11 - Maturity Date (WAM):** 2025-12-11
- **C.12 - Maturity Date (WAL):** 2025-12-11
- **C.13 - Final Legal Maturity Date:** 2025-12-11
- **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

## N-MFP: Signatures

**Registrant:** Goldman Sachs Trust

**Date:** 2025-11-07

**By:** Peter W. Fortner

**Name of Signing Officer:** Peter W. Fortner

**Title of Signing Officer:** Assistant Treasurer