# EDGAR Filing Document

**Accession Number:** 0001557156
**File Stem:** 0001410368-26-028332
**Filing Date:** 2026-3
**Character Count:** 812954
**Document Hash:** cceecea30de04aed235c538cb7046c24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-028332.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0001410368-26-028332

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs Trust II
- **CENTRAL INDEX KEY:** 0001557156

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22781
- **FILM NUMBER:** 26780411

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 212-902-1000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

## Series and Classes Contracts Data

### Goldman Sachs Multi-Manager Global Equity Fund (Series ID: S000049146)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000154942 | Class R6 Shares | GSEQX           |

## Nport-Ex

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 56.1%** | **Common Stocks – 56.1%** | **Common Stocks – 56.1%** |
| **Australia – 0.2%** | **Australia – 0.2%** | **Australia – 0.2%** |
| 17851 | AUB Group Ltd. (Insurance) | $374700 |
| 60133 | Flight Centre Travel Group Ltd. (Hotels, Restaurants & Leisure) | 674408 |
| 166109 | Genesis Minerals Ltd.\* (Metals & Mining) | 820245 |
| 458065 | Mirvac Group (Diversified REITs) | 636145 |
| 203303 | PLS Group Ltd.\* (Metals & Mining) | 596527 |
| 154329 | Stockland (Diversified REITs) | 577438 |
|  |  | 3679463 |
| **Austria – 0.1%** | **Austria – 0.1%** | **Austria – 0.1%** |
| 5048 | BAWAG Group AG<sup>(a)</sup> (Banks) | 821187 |
| 6505 | Erste Group Bank AG (Banks) | 845708 |
|  |  | 1666895 |
| **Belgium – 0.2%** | **Belgium – 0.2%** | **Belgium – 0.2%** |
| 31958 | Anheuser-Busch InBev SA (Beverages) | 2300433 |
| 16052 | Syensqo SA (Chemicals) | 1350996 |
|  |  | 3651429 |
| **Bermuda – 0.2%** | **Bermuda – 0.2%** | **Bermuda – 0.2%** |
| 24135 | Arch Capital Group Ltd.\* (Insurance) | 2317925 |
| 4967 | Assured Guaranty Ltd. (Insurance) | 421450 |
| 4560 | Axis Capital Holdings Ltd. (Insurance) | 470501 |
|  |  | 3209876 |
| **Brazil – 0.5%** | **Brazil – 0.5%** | **Brazil – 0.5%** |
| 136850 | Banco BTG Pactual SA (Capital Markets) | 1558911 |
| 32700 | Caixa Seguridade Participacoes SA (Insurance) | 107555 |
| 22435 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP (Water Utilities) | 602018 |
| 34400 | Cury Construtora e Incorporadora SA (Household Durables) | 225836 |
| 67800 | Cyrela Brazil Realty SA Empreendimentos e Participacoes (Household Durables) | 385202 |
| 101600 | Embraer SA (Aerospace & Defense) | 1871668 |
| 38600 | Hapvida Participacoes e Investimentos SA\*<sup>(a)</sup> (Health Care Providers & Services) | 95349 |
| 177753 | NU Holdings Ltd. Class A\* (Banks) | 3155116 |
| 20150 | Porto Seguro SA (Insurance) | 192359 |
| 39500 | Rede D'Or Sao Luiz SA<sup>(a)</sup> (Health Care Providers & Services) | 318161 |
| 27700 | TIM SA (Wireless Telecommunication Services) | 129059 |
| 33900 | TOTVS SA (Software) | 287098 |
|  |  | 8928332 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Canada – 1.3%** | **Canada – 1.3%** | **Canada – 1.3%** |
| 12650 | Alamos Gold, Inc. Class A (Metals & Mining) | $468783 |
| 91800 | Algonquin Power & Utilities Corp. (Multi-Utilities) | 602719 |
| 37700 | ARC Resources Ltd. (Oil, Gas & Consumable Fuels) | 699650 |
| 13950 | ATS Corp.\* (Machinery) | 396479 |
| 13775 | Barrick Mining Corp. (Metals & Mining) | 629645 |
| 5010 | Boyd Group, Inc. (Commercial Services & Supplies) | 821123 |
| 10819 | Canadian National Railway Co. (Ground Transportation) | 1041004 |
| 42535 | Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 1581572 |
| 62886 | Canadian Pacific Kansas City Ltd. (Ground Transportation) | 4674826 |
| 11380 | Capital Power Corp. (Independent Power and Renewable Electricity Producers) | 499361 |
| 50100 | Capstone Copper Corp.\* (Metals & Mining) | 555215 |
| 14183 | Descartes Systems Group, Inc.\* (Software) | 1059780 |
| 32200 | Gibson Energy, Inc. (Oil, Gas & Consumable Fuels) | 633997 |
| 10710 | Gildan Activewear, Inc. (Textiles, Apparel & Luxury Goods) | 695857 |
| 5063 | Intact Financial Corp. (Insurance) | 921800 |
| 8041 | Methanex Corp. (Chemicals) | 383716 |
| 28000 | NGEx Minerals Ltd.\* (Metals & Mining) | 579062 |
| 24755 | OR Royalties, Inc. (Metals & Mining) | 976138 |
| 155400 | Osisko Development Corp.\* (Metals & Mining) | 523839 |
| 19223 | Shopify, Inc. Class A\* (IT Services) | 2522634 |
| 47600 | Solaris Resources, Inc.\* (Metals & Mining) | 439417 |
| 10842 | South Bow Corp. (Oil, Gas & Consumable Fuels) | 307913 |
| 5260 | Stantec, Inc. (Construction & Engineering) | 521268 |
| 20353 | Toronto-Dominion Bank (Banks) | 1902194 |
| 71385 | Whitecap Resources, Inc. (Oil, Gas & Consumable Fuels) | 651123 |
|  |  | 24089115 |
| **Chile – 0.0%** | **Chile – 0.0%** | **Chile – 0.0%** |
| 47039 | Enel Chile SA ADR (Electric Utilities) | 204149 |
| 4162 | Latam Airlines Group SA ADR (Passenger Airlines) | 273901 |
|  |  | 478050 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – 3.0%** | **China – 3.0%** | **China – 3.0%** |
| 5969 | Advanced Micro-Fabrication Equipment, Inc. China Class A (Semiconductors & Semiconductor Equipment) | $297069 |
| 203400 | Agricultural Bank of China Ltd. Class H (Banks) | 142200 |
| 258950 | Alibaba Group Holding Ltd. (Broadline Retail) | 5508792 |
| 80950 | Aluminum Corp. of China Ltd. Class H (Metals & Mining) | 141344 |
| 24700 | Baidu, Inc. Class A\* (Interactive Media & Services) | 473438 |
| 3236250 | Bank of China Ltd. Class H (Banks) | 1932635 |
| 1344400 | Bank of Communications Co. Ltd. Class H (Banks) | 1154962 |
| 138200 | Baoshan Iron & Steel Co. Ltd. Class A (Metals & Mining) | 144387 |
| 64800 | Beijing Yanjing Brewery Co. Ltd. Class A (Beverages) | 112772 |
| 16650 | BeOne Medicines Ltd. Class H\* (Biotechnology) | 439109 |
| 1103800 | BOE Technology Group Co. Ltd. Class A (Electronic Equipment, Instruments & Components) | 693105 |
| 650650 | China CITIC Bank Corp. Ltd. Class H (Banks) | 606010 |
| 1816700 | China Construction Bank Corp. Class H (Banks) | 1834377 |
| 111600 | China Hongqiao Group Ltd. (Metals & Mining) | 510422 |
| 46500 | China Life Insurance Co. Ltd. Class H (Insurance) | 206936 |
| 217150 | China Mengniu Dairy Co. Ltd. (Food Products) | 453491 |
| 342150 | China Minsheng Banking Corp. Ltd. Class H (Banks) | 170245 |
| 327600 | China National Building Material Co. Ltd. Class H (Construction Materials) | 235642 |
| 24050 | China Pacific Insurance Group Co. Ltd. Class H (Insurance) | 121136 |
| 699700 | China Railway Group Ltd. Class H (Construction & Engineering) | 403779 |
| 514400 | China Resources Pharmaceutical Group Ltd.<sup>(a)</sup> (Pharmaceuticals) | 299474 |
| 320000 | CITIC Ltd. (Industrial Conglomerates) | 511418 |
| 59500 | CMOC Group Ltd. Class A (Metals & Mining) | 204833 |
| 27700 | Contemporary Amperex Technology Co. Ltd. Class A (Electrical Equipment) | 1395241 |
| 52300 | COSCO SHIPPING Holdings Co. Ltd. Class A (Marine Transportation) | 108145 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 33300 | Dongyue Group Ltd. (Chemicals) | $52203 |
| 12900 | Eastroc Beverage Group Co. Ltd. Class A (Beverages) | 463585 |
| 385700 | Geely Automobile Holdings Ltd. (Automobiles) | 793961 |
| 149900 | GF Securities Co. Ltd. Class H (Capital Markets) | 349800 |
| 2400 | GigaDevice Semiconductor, Inc. Class A (Semiconductors & Semiconductor Equipment) | 108046 |
| 179200 | Great Wall Motor Co. Ltd. Class H (Automobiles) | 303939 |
| 77800 | Guotai Haitong Securities Co. Ltd. Class H<sup>(a)</sup> (Capital Markets) | 165595 |
| 2734 | H World Group Ltd. ADR (Hotels, Restaurants & Leisure) | 129892 |
| 104900 | Hangzhou First Applied Material Co. Ltd. Class A (Semiconductors & Semiconductor Equipment) | 256363 |
| 32500 | Hansoh Pharmaceutical Group Co. Ltd.<sup>(a)</sup> (Pharmaceuticals) | 160166 |
| 114350 | HBM Holdings Ltd.\*<sup>(a)</sup> (Biotechnology) | 174457 |
| 106600 | Huatai Securities Co. Ltd. Class A (Capital Markets) | 351298 |
| 59500 | Innovent Biologics, Inc.\*<sup>(a)</sup> (Biotechnology) | 617614 |
| 161750 | JD Health International, Inc.\*<sup>(a)</sup> (Consumer Staples Distribution & Retail) | 1301381 |
| 95550 | JD.com, Inc. Class A (Broadline Retail) | 1362603 |
| 17900 | Jiangsu Hengli Hydraulic Co. Ltd. Class A (Machinery) | 278048 |
| 17600 | Jiangsu Hengrui Pharmaceuticals Co. Ltd. Class H\* (Pharmaceuticals) | 154285 |
| 56300 | Jiangxi Copper Co. Ltd. Class H (Metals & Mining) | 336346 |
| 2684 | JOYY, Inc. ADR (Interactive Media & Services) | 172715 |
| 41300 | Kuaishou Technology<sup>(a)</sup> (Interactive Media & Services) | 421966 |
| 4810 | Laopu Gold Co. Ltd. Class H (Textiles, Apparel & Luxury Goods) | 475378 |
| 348100 | Lenovo Group Ltd. (Technology Hardware, Storage & Peripherals) | 392209 |
| 33800 | Lens Technology Co. Ltd. Class A (Electronic Equipment, Instruments & Components) | 176054 |
| 5779 | Montage Technology Co. Ltd. Class A (Semiconductors & Semiconductor Equipment) | 150581 |
| 88500 | NetEase, Inc. (Entertainment) | 2294811 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 23100 | New China Life Insurance Co. Ltd. Class H (Insurance) | $187836 |
| 14800 | New Oriental Education & Technology Group, Inc. (Diversified Consumer Services) | 90237 |
| 151350 | Newborn Town, Inc.\* (Interactive Media & Services) | 222563 |
| 304050 | Orient Securities Co. Ltd. Class H<sup>(a)</sup> (Capital Markets) | 264777 |
| 8617 | PDD Holdings, Inc. ADR\* (Broadline Retail) | 870748 |
| 440850 | People's Insurance Co. Group of China Ltd. Class H (Insurance) | 383333 |
| 213650 | PICC Property & Casualty Co. Ltd. Class H (Insurance) | 442297 |
| 234600 | Ping An Bank Co. Ltd. Class A (Banks) | 364998 |
| 11856 | Piotech, Inc. Class A (Semiconductors & Semiconductor Equipment) | 599743 |
| 4100 | Rockchip Electronics Co. Ltd. Class A (Semiconductors & Semiconductor Equipment) | 112415 |
| 36600 | Ruijie Networks Co. Ltd. Class A (Communications Equipment) | 423832 |
| 247200 | SAIC Motor Corp. Ltd. Class A (Automobiles) | 501738 |
| 77800 | Sany Heavy Industry Co. Ltd. Class A (Machinery) | 245017 |
| 7578 | Shanghai Allist Pharmaceuticals Co. Ltd. Class A (Pharmaceuticals) | 107283 |
| 8000 | Shenzhen Goodix Technology Co. Ltd. Class A (Semiconductors & Semiconductor Equipment) | 92797 |
| 23700 | Sieyuan Electric Co. Ltd. Class A (Electrical Equipment) | 629410 |
| 523300 | Sino Biopharmaceutical Ltd. (Pharmaceuticals) | 444023 |
| 109250 | Sinopharm Group Co. Ltd. Class H (Health Care Providers & Services) | 291505 |
| 8831 | TAL Education Group ADR\* (Diversified Consumer Services) | 112154 |
| 196323 | Tencent Holdings Ltd. (Interactive Media & Services) | 15089739 |
| 11050 | Trip.com Group Ltd. (Hotels, Restaurants & Leisure) | 678201 |
| 17167 | Vipshop Holdings Ltd. ADR (Broadline Retail) | 293727 |
| 34275 | Weibo Corp. ADR (Interactive Media & Services) | 362630 |
| 146000 | Weichai Power Co. Ltd. Class H (Machinery) | 494886 |
| 26400 | WuXi AppTec Co. Ltd. Class H<sup>(a)</sup> (Life Sciences Tools & Services) | 375673 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 24900 | WuXi AppTec Co. Ltd. Class A (Life Sciences Tools & Services) | $340673 |
| 12800 | XD, Inc. (Entertainment) | 140569 |
| 49700 | Xiaomi Corp. Class B\*<sup>(a)</sup> (Technology Hardware, Storage & Peripherals) | 224970 |
| 143200 | Zhejiang China Commodities City Group Co. Ltd. Class A (Distributors) | 330534 |
| 48150 | Zhejiang Leapmotor Technology Co. Ltd. Class H\*<sup>(a)</sup> (Automobiles) | 261458 |
| 246900 | Zhejiang Zheneng Electric Power Co. Ltd. Class A (Independent Power and Renewable Electricity Producers) | 175495 |
| 82100 | Zijin Mining Group Co. Ltd. Class A (Metals & Mining) | 458611 |
|  |  | 55158130 |
| **Colombia\* – 0.0%** | **Colombia\* – 0.0%** | **Colombia\* – 0.0%** |
| 32300 | Aris Mining Corp. (Metals & Mining) | 558872 |
| **Denmark – 0.5%** | **Denmark – 0.5%** | **Denmark – 0.5%** |
| 1601 | Ascendis Pharma AS ADR\* (Biotechnology) | 361986 |
| 14943 | Carlsberg AS Class B (Beverages) | 2031488 |
| 5584 | NKT AS\* (Electrical Equipment) | 730311 |
| 99278 | Novo Nordisk AS Class B (Pharmaceuticals) | 5895050 |
| 6683 | Royal Unibrew AS (Beverages) | 629636 |
| 3737 | Zealand Pharma AS\* (Biotechnology) | 249921 |
|  |  | 9898392 |
| **Finland – 0.1%** | **Finland – 0.1%** | **Finland – 0.1%** |
| 9280 | Hiab OYJ (Machinery) | 551430 |
| 29909 | Kone OYJ Class B (Machinery) | 2149407 |
|  |  | 2700837 |
| **France – 3.4%** | **France – 3.4%** | **France – 3.4%** |
| 2047 | Abivax SA ADR\* (Biotechnology) | 227524 |
| 21377 | Air Liquide SA (Chemicals) | 4003105 |
| 174403 | Alstom SA\* (Machinery) | 5568405 |
| 66437 | BNP Paribas SA (Banks) | 7183993 |
| 32216 | Capgemini SE (IT Services) | 5005659 |
| 55472 | Cie de Saint-Gobain SA (Building Products) | 5475389 |
| 30214 | Cie Generale des Etablissements Michelin SCA (Automobile Components) | 1122016 |
| 23955 | Dassault Systemes SE (Software) | 658877 |
| 35672 | Edenred SE (Financial Services) | 747178 |
| 27534 | Elis SA (Commercial Services & Supplies) | 799434 |
| 106504 | Engie SA (Multi-Utilities) | 3179827 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **France – (continued)** | **France – (continued)** | **France – (continued)** |
| 263 | EssilorLuxottica SA (Health Care Equipment & Supplies) | $80398 |
| 5214 | Gecina SA (Office REITs) | 478912 |
| 19233 | Kering SA (Textiles, Apparel & Luxury Goods) | 6004113 |
| 10667 | Legrand SA (Electrical Equipment) | 1703070 |
| 5230 | LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | 3375464 |
| 17464 | Pernod Ricard SA (Beverages) | 1561572 |
| 17112 | Rexel SA (Trading Companies & Distributors) | 717088 |
| 10265 | Safran SA (Aerospace & Defense) | 3667594 |
| 27215 | Sanofi SA (Pharmaceuticals) | 2567018 |
| 14353 | Schneider Electric SE (Electrical Equipment) | 4115031 |
| 29752 | Societe Generale SA (Banks) | 2607151 |
| 2822 | Sopra Steria Group (IT Services) | 515481 |
| 11386 | Technip Energies NV (Energy Equipment & Services) | 446211 |
| 33593 | TotalEnergies SE (Oil, Gas & Consumable Fuels) | 2443175 |
| 109111 | Worldline SA\*<sup>(a)</sup> (Financial Services) | 184818 |
|  |  | 64438503 |
| **Germany – 2.3%** | **Germany – 2.3%** | **Germany – 2.3%** |
| 17596 | Beiersdorf AG (Personal Products) | 2098839 |
| 14708 | Daimler Truck Holding AG (Machinery) | 712146 |
| 37000 | Deutsche Bank AG (Capital Markets) | 1460060 |
| 17289 | Deutsche Boerse AG (Capital Markets) | 4378010 |
| 91640 | Deutsche Telekom AG (Diversified Telecommunication Services) | 3075278 |
| 40396 | E.ON SE (Multi-Utilities) | 855437 |
| 13121 | flatexDEGIRO SE (Capital Markets) | 640039 |
| 68077 | Infineon Technologies AG (Semiconductors & Semiconductor Equipment) | 3327773 |
| 10897 | KION Group AG (Machinery) | 769708 |
| 62285 | Lanxess AG (Chemicals) | 1286518 |
| 16355 | Merck KGaA (Pharmaceuticals) | 2436775 |
| 2216 | MTU Aero Engines AG (Aerospace & Defense) | 985178 |
| 4572 | Nemetschek SE (Software) | 399476 |
| 817 | Rheinmetall AG (Aerospace & Defense) | 1731097 |
| 39678 | SAP SE (Software) | 7926409 |
| 5976 | Scout24 SE<sup>(a)</sup> (Interactive Media & Services) | 594978 |
| 48859 | Siemens Energy AG\* (Electrical Equipment) | 8324597 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Germany – (continued)** | **Germany – (continued)** | **Germany – (continued)** |
| 36500 | TAG Immobilien AG (Real Estate Management & Development) | $619235 |
| 55982 | thyssenkrupp AG (Metals & Mining) | 746281 |
| 3784 | Tkms AG& Co. KGaA\* (Aerospace & Defense) | 443378 |
|  |  | 42811212 |
| **Greece – 0.2%** | **Greece – 0.2%** | **Greece – 0.2%** |
| 12650 | Alpha Bank SA (Banks) | 60555 |
| 199500 | Eurobank SA Class A (Banks) | 974952 |
| 13900 | Jumbo SA (Specialty Retail) | 412568 |
| 40602 | National Bank of Greece SA (Banks) | 716805 |
| 10200 | OPAP SA (Hotels, Restaurants & Leisure) | 205539 |
| 35831 | Piraeus Bank SA (Banks) | 361439 |
| 7800 | Public Power Corp. SA (Electric Utilities) | 184362 |
|  |  | 2916220 |
| **Hong Kong – 0.3%** | **Hong Kong – 0.3%** | **Hong Kong – 0.3%** |
| 307900 | AIA Group Ltd. (Insurance) | 3552388 |
| 20100 | Hong Kong Exchanges & Clearing Ltd. (Capital Markets) | 1108135 |
|  |  | 4660523 |
| **Hungary – 0.1%** | **Hungary – 0.1%** | **Hungary – 0.1%** |
| 19706 | OTP Bank Nyrt (Banks) | 2479645 |
| **India – 1.2%** | **India – 1.2%** | **India – 1.2%** |
| 29641 | Bajaj Finance Ltd. (Consumer Finance) | 299889 |
| 3450 | Bajaj Holdings & Investment Ltd. (Financial Services) | 405290 |
| 156700 | Bank of Baroda (Banks) | 510658 |
| 145900 | Bank of India (Banks) | 260664 |
| 258596 | Bharat Electronics Ltd. (Aerospace & Defense) | 1263362 |
| 40115 | Bharti Airtel Ltd. (Wireless Telecommunication Services) | 860345 |
| 14430 | BSE Ltd. (Capital Markets) | 438900 |
| 315050 | Canara Bank (Banks) | 505654 |
| 219100 | Coal India Ltd. (Oil, Gas & Consumable Fuels) | 1050997 |
| 7300 | Coromandel International Ltd. (Chemicals) | 181406 |
| 2093 | Divi's Laboratories Ltd. (Life Sciences Tools & Services) | 137889 |
| 6750 | Eicher Motors Ltd. (Automobiles) | 523132 |
| 50900 | Fortis Healthcare Ltd. (Health Care Providers & Services) | 471786 |
| 14200 | GE Vernova T&D India Ltd. (Electrical Equipment) | 498658 |
| 13702 | Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (Chemicals) | 69597 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **India – (continued)** | **India – (continued)** | **India – (continued)** |
| 149182 | HDFC Bank Ltd. (Banks) | $1508420 |
| 34900 | Hindalco Industries Ltd. (Metals & Mining) | 363285 |
| 50200 | Hindustan Petroleum Corp. Ltd. (Oil, Gas & Consumable Fuels) | 233007 |
| 62831 | ICICI Bank Ltd. ADR (Banks) | 1840320 |
| 116493 | ICICI Bank Ltd. (Banks) | 1717412 |
| 39050 | Indian Bank (Banks) | 387462 |
| 44825 | Indian Hotels Co. Ltd. (Hotels, Restaurants & Leisure) | 328829 |
| 421850 | Indian Oil Corp. Ltd. (Oil, Gas & Consumable Fuels) | 749173 |
| 33750 | Infosys Ltd. (IT Services) | 603662 |
| 110150 | ITC Ltd. (Tobacco) | 386123 |
| 33950 | L&T Finance Ltd. (Financial Services) | 105847 |
| 19000 | Laurus Labs Ltd.<sup>(a)</sup> (Pharmaceuticals) | 199618 |
| 26400 | Lupin Ltd. (Pharmaceuticals) | 618659 |
| 21362 | Mahindra & Mahindra Ltd. (Automobiles) | 797651 |
| 3240 | MakeMyTrip Ltd.\* (Hotels, Restaurants & Leisure) | 202111 |
| 18900 | Narayana Hrudayalaya Ltd. (Health Care Providers & Services) | 363703 |
| 50900 | National Aluminium Co. Ltd. (Metals & Mining) | 212093 |
| 291450 | Oil & Natural Gas Corp. Ltd. (Oil, Gas & Consumable Fuels) | 854423 |
| 457500 | Punjab National Bank (Banks) | 623696 |
| 17205 | Reliance Industries Ltd. (Oil, Gas & Consumable Fuels) | 261429 |
| 10681 | Siemens Energy India Ltd. (Electrical Equipment) | 289339 |
| 1350 | Solar Industries India Ltd. (Chemicals) | 198077 |
| 12919 | Tata Consultancy Services Ltd. (IT Services) | 439350 |
| 31268 | TVS Motor Co. Ltd. (Automobiles) | 1251636 |
| 139650 | Union Bank of India Ltd. (Banks) | 274867 |
| 75150 | Vedanta Ltd. (Metals & Mining) | 555794 |
|  |  | 22844213 |
| **Indonesia – 0.0%** | **Indonesia – 0.0%** | **Indonesia – 0.0%** |
| 1160400 | Bank Mandiri Persero Tbk. PT (Banks) | 333901 |
| 87500 | United Tractors Tbk. PT (Oil, Gas & Consumable Fuels) | 136312 |
|  |  | 470213 |
| **Ireland – 0.8%** | **Ireland – 0.8%** | **Ireland – 0.8%** |
| 4193 | Accenture PLC Class A (IT Services) | 1105443 |
| 213871 | AIB Group PLC (Banks) | 2390678 |
| 11130 | Aon PLC Class A (Insurance) | 3891493 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Ireland – (continued)** | **Ireland – (continued)** | **Ireland – (continued)** |
| 52540 | Bank of Ireland Group PLC (Banks) | $1067479 |
| 4293 | Linde PLC (Chemicals) | 1961772 |
| 47174 | Ryanair Holdings PLC ADR (Passenger Airlines) | 3330484 |
| 3088 | Weatherford International PLC (Energy Equipment & Services) | 290519 |
|  |  | 14037868 |
| **Israel – 0.4%** | **Israel – 0.4%** | **Israel – 0.4%** |
| 39053 | Cellebrite DI Ltd.\* (Software) | 574470 |
| 11977 | Check Point Software Technologies Ltd.\* (Software) | 2149991 |
| 1444 | Nova Ltd.\* (Semiconductors & Semiconductor Equipment) | 661121 |
| 14941 | Phoenix Financial Ltd. (Insurance) | 725201 |
| 66186 | Teva Pharmaceutical Industries Ltd. ADR\* (Pharmaceuticals) | 2255619 |
| 6254 | Tower Semiconductor Ltd.\* (Semiconductors & Semiconductor Equipment) | 842601 |
| 7540 | Wix.com Ltd.\* (IT Services) | 654774 |
|  |  | 7863777 |
| **Italy – 0.6%** | **Italy – 0.6%** | **Italy – 0.6%** |
| 34644 | Banca Mediolanum SpA (Financial Services) | 812686 |
| 115338 | Enel SpA (Electric Utilities) | 1274317 |
| 89885 | Eni SpA (Oil, Gas & Consumable Fuels) | 1837169 |
| 2467 | Ferrari NV (Automobiles) | 822858 |
| 1403 | Generali (Insurance) | 57229 |
| 131218 | Hera SpA (Multi-Utilities) | 649359 |
| 398517 | Intesa Sanpaolo SpA (Banks) | 2821254 |
| 28857 | UniCredit SpA (Banks) | 2514773 |
| 18087 | Wizz Air Holdings PLC\*<sup>(a)</sup> (Passenger Airlines) | 350804 |
|  |  | 11140449 |
| **Japan – 4.1%** | **Japan – 4.1%** | **Japan – 4.1%** |
| 25200 | ADEKA Corp. (Chemicals) | 749053 |
| 17936 | Allegro MicroSystems, Inc.\* (Semiconductors & Semiconductor Equipment) | 662018 |
| 15300 | Amano Corp. (Electronic Equipment, Instruments & Components) | 388307 |
| 11300 | Canon Marketing Japan, Inc. (Electronic Equipment, Instruments & Components) | 493003 |
| 16700 | Credit Saison Co. Ltd. (Consumer Finance) | 450868 |
| 37300 | Dai Nippon Printing Co. Ltd. (Commercial Services & Supplies) | 669244 |
| 14600 | Daikin Industries Ltd. (Building Products) | 1749524 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Japan – (continued)** | **Japan – (continued)** |  |
| 116600 | Denso Corp. (Automobile Components) | $1617797 |
| 93300 | FANUC Corp. (Machinery) | 3746422 |
| 13300 | Food & Life Cos. Ltd. (Hotels, Restaurants & Leisure) | 726579 |
| 63500 | FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals) | 1268429 |
| 15700 | Fuso Chemical Co. Ltd. (Chemicals) | 756705 |
| 6900 | GMO Payment Gateway, Inc. (Financial Services) | 398516 |
| 131700 | Hitachi Ltd. (Industrial Conglomerates) | 4570004 |
| 6000 | Hoya Corp. (Health Care Equipment & Supplies) | 1006535 |
| 1154 | Invincible Investment Corp. (Hotel & Resort REITs) | 488740 |
| 9100 | Japan Steel Works Ltd. (Machinery) | 503709 |
| 9700 | JINS Holdings, Inc. (Specialty Retail) | 324697 |
| 14200 | JMDC, Inc. (Health Care Technology) | 311990 |
| 71800 | JVCKenwood Corp. (Household Durables) | 583583 |
| 19200 | Kamigumi Co. Ltd. (Transportation Infrastructure) | 671919 |
| 20400 | Kandenko Co. Ltd. (Construction & Engineering) | 734449 |
| 84800 | KDDI Corp. (Wireless Telecommunication Services) | 1431761 |
| 561 | KDX Realty Investment Corp. (Diversified REITs) | 606910 |
| 16400 | Kinden Corp. (Construction & Engineering) | 725699 |
| 13700 | Kose Holdings Corp. (Personal Products) | 488762 |
| 33800 | Kotobuki Spirits Co. Ltd. (Food Products) | 392548 |
| 21400 | Kyushu Railway Co. (Ground Transportation) | 545647 |
| 3100 | Lifedrink Co., Inc. (Beverages) | 32507 |
| 488900 | LY Corp. (Interactive Media & Services) | 1251789 |
| 110500 | Mebuki Financial Group, Inc. (Banks) | 833634 |
| 42300 | Menicon Co. Ltd. (Health Care Equipment & Supplies) | 443589 |
| 100800 | Mitsubishi Electric Corp. (Electrical Equipment) | 3151199 |
| 100545 | Mitsubishi Heavy Industries Ltd. (Machinery) | 2960440 |
| 19300 | Monogatari Corp. (Hotels, Restaurants & Leisure) | 518237 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Japan – (continued)** | **Japan – (continued)** |  |
| 4400 | Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components) | $89388 |
| 21800 | Nifco, Inc. (Automobile Components) | 678720 |
| 31739 | Nintendo Co. Ltd. (Entertainment) | 1965454 |
| 30600 | NOF Corp. (Chemicals) | 591023 |
| 117500 | Olympus Corp. (Health Care Equipment & Supplies) | 1403479 |
| 8200 | Organo Corp. (Machinery) | 865849 |
| 330600 | Renesas Electronics Corp.\* (Semiconductors & Semiconductor Equipment) | 5496375 |
| 5100 | SCREEN Holdings Co. Ltd. (Semiconductors & Semiconductor Equipment) | 649500 |
| 163100 | Seven & i Holdings Co. Ltd. (Consumer Staples Distribution & Retail) | 2335689 |
| 64700 | Shin-Etsu Chemical Co. Ltd. (Chemicals) | 2127631 |
| 8300 | SMC Corp. (Machinery) | 3226802 |
| 23900 | Sojitz Corp. (Trading Companies & Distributors) | 871521 |
| 123900 | Sompo Holdings, Inc. (Insurance) | 4272631 |
| 107100 | Sony Group Corp. (Household Durables) | 2361331 |
| 116900 | Sumitomo Mitsui Financial Group, Inc. (Banks) | 4113763 |
| 110500 | Suzuki Motor Corp. (Automobiles) | 1506675 |
| 8800 | SWCC Corp. (Electrical Equipment) | 655874 |
| 38200 | Synspective, Inc.\* (Professional Services) | 292307 |
| 69400 | Terumo Corp. (Health Care Equipment & Supplies) | 907839 |
| 14000 | TIS, Inc. (IT Services) | 407379 |
| 69000 | Tohoku Electric Power Co., Inc. (Electric Utilities) | 497688 |
| 33100 | Tokyo Tatemono Co. Ltd. (Real Estate Management & Development) | 778917 |
| 24200 | Toyo Seikan Group Holdings Ltd. (Containers & Packaging) | 607174 |
| 8800 | Toyo Suisan Kaisha Ltd. (Food Products) | 628289 |
| 35900 | TV Asahi Holdings Corp. (Media) | 830262 |
| 14200 | Yamazaki Baking Co. Ltd. (Food Products) | 300862 |
| 77600 | Yokohama Financial Group, Inc. (Banks) | 706760 |
| 125500 | ZOZO, Inc. (Specialty Retail) | 1036561 |
|  |  | 76460556 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Luxembourg – 0.0%** | **Luxembourg – 0.0%** |  |
| 10631 | ArcelorMittal SA (Metals & Mining) | $577349 |
| **Macau – 0.1%** | **Macau – 0.1%** |  |
| 82300 | Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure) | 418147 |
| 382400 | MGM China Holdings Ltd. (Hotels, Restaurants & Leisure) | 610641 |
|  |  | 1028788 |
| **Malaysia – 0.1%** | **Malaysia – 0.1%** |  |
| 372300 | AMMB Holdings Bhd. (Banks) | 608900 |
| 158700 | Malayan Banking Bhd. (Banks) | 474970 |
| 192200 | Press Metal Aluminium Holdings Bhd. (Metals & Mining) | 368434 |
| 310493 | RHB Bank Bhd. (Banks) | 665409 |
|  |  | 2117713 |
| **Mexico – 0.2%** | **Mexico – 0.2%** |  |
| 979000 | America Movil SAB de CV (Wireless Telecommunication Services) | 1008914 |
| 47167 | Cemex SAB de CV ADR (Construction Materials) | 588644 |
| 5550 | Gruma SAB de CV Class B (Food Products) | 99939 |
| 6200 | Grupo Aeroportuario del Centro Norte SAB de CV (Transportation Infrastructure) | 90236 |
| 32300 | Grupo Financiero Banorte SAB de CV Class O (Banks) | 365159 |
| 35700 | Grupo Mexico SAB de CV (Metals & Mining) | 396406 |
| 3200 | Industrias Penoles SAB de CV\* (Metals & Mining) | 185452 |
| 5295 | Southern Copper Corp. (Metals & Mining) | 1007744 |
|  |  | 3742494 |
| **Netherlands – 1.2%** | **Netherlands – 1.2%** |  |
| 2180 | Adyen NV\*<sup>(a)</sup> (Financial Services) | 3232599 |
| 25405 | Akzo Nobel NV (Chemicals) | 1779804 |
| 1538 | Argenx SE ADR\* (Biotechnology) | 1292689 |
| 2042 | ASM International NV (Semiconductors & Semiconductor Equipment) | 1714939 |
| 3098 | ASML Holding NV (Semiconductors & Semiconductor Equipment) | 4408454 |
| 7765 | ASR Nederland NV (Insurance) | 563977 |
| 29271 | Heineken NV (Beverages) | 2416309 |
| 141316 | ING Groep NV (Banks) | 4167536 |
| 102874 | Koninklijke Philips NV (Health Care Equipment & Supplies) | 2954110 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Netherlands – (continued)** | **Netherlands – (continued)** |  |
| 22667 | SBM Offshore NV (Energy Equipment & Services) | $814204 |
|  |  | 23344621 |
| **Philippines – 0.0%** | **Philippines – 0.0%** |  |
| 45270 | International Container Terminal Services, Inc. (Transportation Infrastructure) | 495839 |
| 66300 | Metropolitan Bank & Trust Co. (Banks) | 82199 |
|  |  | 578038 |
| **Poland – 0.1%** | **Poland – 0.1%** |  |
| 31700 | Allegro.eu SA\*<sup>(a)</sup> (Broadline Retail) | 260411 |
| 13000 | ORLEN SA (Oil, Gas & Consumable Fuels) | 395103 |
| 118200 | PGE Polska Grupa Energetyczna SA\* (Electric Utilities) | 333367 |
|  |  | 988881 |
| **Portugal – 0.1%** | **Portugal – 0.1%** |  |
| 729704 | Banco Comercial Portugues SA Class R (Banks) | 789833 |
| 58856 | Galp Energia SGPS SA (Oil, Gas & Consumable Fuels) | 1171095 |
|  |  | 1960928 |
| **Puerto Rico – 0.0%** | **Puerto Rico – 0.0%** |  |
| 5766 | EVERTEC, Inc. (Financial Services) | 173038 |
| **Qatar – 0.0%** | **Qatar – 0.0%** |  |
| 33700 | Ooredoo QPSC (Diversified Telecommunication Services) | 131431 |
| **Russia\*<sup>(b)</sup> – 0.0%** | **Russia\*<sup>(b)</sup> – 0.0%** |  |
| 61284 | Gazprom PJSC (Oil, Gas & Consumable Fuels) |  |
| 5200 | LUKOIL PJSC ADR (Oil, Gas & Consumable Fuels) |  |
| 2390 | Magnit PJSC (Consumer Staples Distribution & Retail) |  |
| 3393 | Novolipetsk Steel PJSC GDR (Metals & Mining) |  |
| 5614 | PhosAgro PJSC GDR (Chemicals) |  |
| 36 | PhosAgro PJSC (Chemicals) |  |
| 19000 | Surgutneftegas PJSC ADR (Oil, Gas & Consumable Fuels) |  |
| 23847 | VTB Bank PJSC GDR (Banks) |  |
| **Singapore – 0.5%** | **Singapore – 0.5%** |  |
| 46350 | DBS Group Holdings Ltd. (Banks) | 2154457 |
| 340300 | Keppel DC REIT (Specialized REITs) | 609785 |
| 49470 | Sea Ltd. ADR\* (Broadline Retail) | 5762760 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Singapore – (continued)** | **Singapore – (continued)** |  |
| 55700 | United Overseas Bank Ltd. (Banks) | $1678750 |
|  |  | 10205752 |
| **South Africa – 0.3%** | **South Africa – 0.3%** |  |
| 2837 | Capitec Bank Holdings Ltd. (Banks) | 761716 |
| 22413 | Gold Fields Ltd. ADR (Metals & Mining) | 1123340 |
| 12863 | Gold Fields Ltd. (Metals & Mining) | 636135 |
| 10100 | Impala Platinum Holdings Ltd. (Metals & Mining) | 188256 |
| 94600 | MTN Group Ltd. (Wireless Telecommunication Services) | 1050493 |
| 12371 | Naspers Ltd. Class N (Broadline Retail) | 757417 |
| 12100 | Remgro Ltd. (Financial Services) | 136933 |
| 37200 | Sanlam Ltd. (Insurance) | 232590 |
| 3600 | Valterra Platinum Ltd. (Metals & Mining) | 323453 |
|  |  | 5210333 |
| **South Korea – 2.3%** | **South Korea – 2.3%** |  |
| 2625 | APR Corp. (Personal Products) | 492393 |
| 29814 | Coupang, Inc.\* (Broadline Retail) | 601050 |
| 2100 | Doosan Enerbility Co. Ltd.\* (Electrical Equipment) | 131095 |
| 3800 | Hana Financial Group, Inc. (Banks) | 264032 |
| 1928 | Hanwha Aerospace Co. Ltd.\* (Aerospace & Defense) | 1735549 |
| 2450 | HD Hyundai Co. Ltd. (Oil, Gas & Consumable Fuels) | 397605 |
| 1759 | HD Hyundai Electric Co. Ltd. (Electrical Equipment) | 1077642 |
| 3415 | HD Hyundai Heavy Industries Co. Ltd. (Machinery) | 1359272 |
| 800 | HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (Machinery) | 229147 |
| 130 | Hyosung Heavy Industries Corp.\* (Electrical Equipment) | 233163 |
| 600 | Hyundai Glovis Co. Ltd. (Air Freight & Logistics) | 101159 |
| 4934 | Hyundai Motor Co. (Automobiles) | 1717552 |
| 10350 | Hyundai Steel Co. (Metals & Mining) | 224629 |
| 4500 | Kakao Corp. (Interactive Media & Services) | 191269 |
| 15787 | KB Financial Group, Inc. (Banks) | 1477650 |
| 12221 | Kia Corp. (Automobiles) | 1300353 |
| 4400 | Korea Investment Holdings Co. Ltd. (Capital Markets) | 658216 |
| 2200 | Krafton, Inc.\* (Entertainment) | 386223 |
| 1277 | KT&G Corp. (Tobacco) | 136536 |
| 14450 | LG Display Co. Ltd.\* (Electronic Equipment, Instruments & Components) | 116512 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **South Korea – (continued)** | **South Korea – (continued)** |  |
| 8700 | LG Electronics, Inc. (Household Durables) | $596504 |
| 800 | LS Corp. (Electrical Equipment) | 126156 |
| 381 | Samsung Biologics Co. Ltd.\*<sup>(a)</sup> (Life Sciences Tools & Services) | 460442 |
| 14050 | Samsung E&A Co. Ltd. (Construction & Engineering) | 299072 |
| 102160 | Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 11286097 |
| 1195 | Samsung Electronics Co. Ltd. GDR (Technology Hardware, Storage & Peripherals) | 3289740 |
| 2285 | Samsung Fire & Marine Insurance Co. Ltd. (Insurance) | 795321 |
| 24600 | Samsung Heavy Industries Co. Ltd.\* (Machinery) | 501377 |
| 34764 | Shinhan Financial Group Co. Ltd. (Banks) | 2031738 |
| 16483 | SK Hynix, Inc. (Semiconductors & Semiconductor Equipment) | 10291607 |
| 1 | SK Innovation Co. Ltd. (Oil, Gas & Consumable Fuels) | 78 |
| 1250 | SK, Inc. (Industrial Conglomerates) | 288665 |
| 25605 | Woori Financial Group, Inc. (Banks) | 535627 |
|  |  | 43333471 |
| **Spain – 0.2%** | **Spain – 0.2%** |  |
| 27402 | Amadeus IT Group SA (Hotels, Restaurants & Leisure) | 1837212 |
| 5117 | Laboratorios Farmaceuticos Rovi SA (Pharmaceuticals) | 436896 |
| 46397 | Merlin Properties Socimi SA (Diversified REITs) | 690536 |
|  |  | 2964644 |
| **Sweden – 0.2%** | **Sweden – 0.2%** |  |
| 157333 | Electrolux AB Class B\* (Household Durables) | 1270873 |
| 147213 | Hexagon AB Class B (Electronic Equipment, Instruments & Components) | 1659832 |
| 30169 | Securitas AB Class B (Commercial Services & Supplies) | 498902 |
| 12962 | Trelleborg AB Class B (Machinery) | 524523 |
|  |  | 3954130 |
| **Switzerland – 0.9%** | **Switzerland – 0.9%** |  |
| 17016 | Cie Financiere Richemont SA Class A (Textiles, Apparel & Luxury Goods) | 3302968 |
| 28790 | Novartis AG (Pharmaceuticals) | 4271566 |
| 2696 | Sonova Holding AG (Health Care Equipment & Supplies) | 737850 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Switzerland – (continued)** | **Switzerland – (continued)** |  |
| 37667 | Sportradar Group AG Class A\* (Hotels, Restaurants & Leisure) | $682150 |
| 117247 | UBS Group AG (Capital Markets) | 5547586 |
| 3370 | Zurich Insurance Group AG (Insurance) | 2397491 |
|  |  | 16939611 |
| **Taiwan – 3.0%** | **Taiwan – 3.0%** |  |
| 64700 | Accton Technology Corp. (Communications Equipment) | 2262122 |
| 23500 | ADATA Technology Co. Ltd. (Semiconductors & Semiconductor Equipment) | 265976 |
| 6900 | Asia Vital Components Co. Ltd. (Technology Hardware, Storage & Peripherals) | 313484 |
| 10800 | ASPEED Technology, Inc. (Semiconductors & Semiconductor Equipment) | 3020284 |
| 21950 | Asustek Computer, Inc. (Technology Hardware, Storage & Peripherals) | 344830 |
| 13100 | Chenbro Micom Co. Ltd. (Technology Hardware, Storage & Peripherals) | 373836 |
| 61600 | Chicony Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 227726 |
| 10500 | Chroma ATE, Inc. (Electronic Equipment, Instruments & Components) | 322417 |
| 134300 | Compal Electronics, Inc. (Technology Hardware, Storage & Peripherals) | 138607 |
| 154500 | Delta Electronics, Inc. (Electronic Equipment, Instruments & Components) | 5896077 |
| 21200 | Elite Material Co. Ltd. (Electronic Equipment, Instruments & Components) | 1149941 |
| 167750 | Far Eastern New Century Corp. (Industrial Conglomerates) | 147701 |
| 211047 | First Financial Holding Co. Ltd. (Banks) | 192669 |
| 193200 | Hon Hai Precision Industry Co. Ltd. (Electronic Equipment, Instruments & Components) | 1335479 |
| 2450 | King Slide Works Co. Ltd. (Technology Hardware, Storage & Peripherals) | 241190 |
| 71900 | Lite-On Technology Corp. (Technology Hardware, Storage & Peripherals) | 369579 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Taiwan – (continued)** | **Taiwan – (continued)** |  |
| 66600 | Macronix International Co. Ltd.\* (Semiconductors & Semiconductor Equipment) | $191598 |
| 18350 | MediaTek, Inc. (Semiconductors & Semiconductor Equipment) | 1017884 |
| 2300 | MPI Corp. (Semiconductors & Semiconductor Equipment) | 181767 |
| 22200 | Nanya Technology Corp.\* (Semiconductors & Semiconductor Equipment) | 224725 |
| 114650 | Pegatron Corp. (Technology Hardware, Storage & Peripherals) | 252826 |
| 381700 | Pou Chen Corp. (Textiles, Apparel & Luxury Goods) | 368945 |
| 18800 | Powertech Technology, Inc. (Semiconductors & Semiconductor Equipment) | 148869 |
| 36700 | Realtek Semiconductor Corp. (Semiconductors & Semiconductor Equipment) | 561502 |
| 577 | Silicon Motion Technology Corp. ADR (Semiconductors & Semiconductor Equipment) | 68623 |
| 46700 | Sunonwealth Electric Machine Industry Co. Ltd. (Machinery) | 210030 |
| 522678 | Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 28901952 |
| 17015 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Semiconductors & Semiconductor Equipment) | 5624478 |
| 11200 | Tripod Technology Corp. (Electronic Equipment, Instruments & Components) | 131996 |
| 17050 | United Integrated Services Co. Ltd. (Construction & Engineering) | 486201 |
| 250000 | Winbond Electronics Corp.\* (Semiconductors & Semiconductor Equipment) | 988585 |
| 82000 | Yang Ming Marine Transport Corp. (Marine Transportation) | 139130 |
|  |  | 56101029 |
| **Thailand – 0.2%** | **Thailand – 0.2%** |  |
| 51200 | Advanced Info Service PCL NVDR (Wireless Telecommunication Services) | 567829 |
| 189350 | Bangkok Bank PCL (Banks) | 949875 |
| 1246550 | Charoen Pokphand Foods PCL (Food Products) | 816552 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Thailand – (continued)** | **Thailand – (continued)** |  |
| 2162 | Fabrinet\* (Electronic Equipment, Instruments & Components) | $1058169 |
|  |  | 3392425 |
| **Turkey – 0.1%** | **Turkey – 0.1%** |  |
| 130137 | Aselsan Elektronik Sanayi Ve Ticaret AS (Aerospace & Defense) | 910621 |
| **United Arab Emirates – 0.2%** | **United Arab Emirates – 0.2%** |  |
| 75079 | Abu Dhabi Commercial Bank PJSC (Banks) | 311420 |
| 109650 | Abu Dhabi Islamic Bank PJSC (Banks) | 727215 |
| 59300 | Dubai Islamic Bank PJSC (Banks) | 156005 |
| 620242 | Emaar Properties PJSC (Real Estate Management & Development) | 2537220 |
| 85600 | Emirates NBD Bank PJSC (Banks) | 724890 |
| 5850 | Yalla Group Ltd. ADR\* (Interactive Media & Services) | 41242 |
|  |  | 4497992 |
| **United Kingdom – 4.5%** | **United Kingdom – 4.5%** |  |
| 56154 | 3i Group PLC (Capital Markets) | 2579665 |
| 9150 | Anglogold Ashanti PLC (Metals & Mining) | 824850 |
| 40561 | AstraZeneca PLC (Pharmaceuticals) | 7557087 |
| 68511 | Balfour Beatty PLC (Construction & Engineering) | 670881 |
| 639054 | Barclays PLC (Banks) | 4265090 |
| 51283 | Beazley PLC (Insurance) | 796709 |
| 10849 | Bellway PLC (Household Durables) | 403745 |
| 18958 | Berkeley Group Holdings PLC (Household Durables) | 1071105 |
| 437902 | BP PLC (Oil, Gas & Consumable Fuels) | 2776542 |
| 76585 | Breedon Group PLC (Construction Materials) | 352531 |
| 103671 | British American Tobacco PLC (Tobacco) | 6263139 |
| 94397 | Compass Group PLC (Hotels, Restaurants & Leisure) | 2830535 |
| 13748 | Computacenter PLC (IT Services) | 629216 |
| 153723 | Convatec Group PLC<sup>(a)</sup> (Health Care Equipment & Supplies) | 484891 |
| 8927 | Cranswick PLC (Food Products) | 642523 |
| 112267 | Diageo PLC (Beverages) | 2583297 |
| 4 | Flutter Entertainment PLC\* (Hotels, Restaurants & Leisure) | 661 |
| 41249 | Gamma Communications PLC (Diversified Telecommunication Services) | 513790 |
| 41950 | GSK PLC (Pharmaceuticals) | 1084897 |
| 24094 | ICG PLC (Capital Markets) | 599540 |
| 39045 | IG Group Holdings PLC (Capital Markets) | 724365 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **United Kingdom – (continued)** | **United Kingdom – (continued)** |  |
| 22430 | IMI PLC (Machinery) | $847008 |
| 370234 | Lloyds Banking Group PLC (Banks) | 552835 |
| 14766 | London Stock Exchange Group PLC (Capital Markets) | 1647030 |
| 43222 | Melrose Industries PLC (Aerospace & Defense) | 371620 |
| 152041 | National Grid PLC (Multi-Utilities) | 2583108 |
| 506752 | NatWest Group PLC (Banks) | 4618934 |
| 194861 | Prudential PLC (Insurance) | 3200640 |
| 48549 | Reckitt Benckiser Group PLC\* (Household Products) | 4047040 |
| 124325 | RELX PLC (Professional Services) | 4425072 |
| 16422 | Rio Tinto PLC (Metals & Mining) | 1498250 |
| 745837 | Rolls-Royce Holdings PLC (Aerospace & Defense) | 12468138 |
| 145317 | Segro PLC (Industrial REITs) | 1513996 |
| 119623 | Smith & Nephew PLC (Health Care Equipment & Supplies) | 2038766 |
| 21496 | Smiths Group PLC (Industrial Conglomerates) | 738212 |
| 60466 | Standard Chartered PLC (Banks) | 1547109 |
| 294796 | Tesco PLC (Consumer Staples Distribution & Retail) | 1715359 |
| 71277 | UNITE Group PLC (Residential REITs) | 554348 |
| 16488 | Weir Group PLC (Machinery) | 728254 |
| 119751 | WH Smith PLC (Specialty Retail) | 1106064 |
|  |  | 83856842 |
| **United States – 22.2%** | **United States – 22.2%** |  |
| 8980 | A10 Networks, Inc. (Software) | 156611 |
| 23952 | Abbott Laboratories (Health Care Equipment & Supplies) | 2617954 |
| 5759 | ABM Industries, Inc. (Commercial Services & Supplies) | 265144 |
| 6733 | Academy Sports & Outdoors, Inc. (Specialty Retail) | 370382 |
| 2774 | Addus HomeCare Corp.\* (Health Care Providers & Services) | 287054 |
| 25263 | Adeia, Inc. (Software) | 457008 |
| 4272 | Adobe, Inc.\* (Software) | 1252764 |
| 3776 | Adtalem Global Education, Inc.\* (Diversified Consumer Services) | 391005 |
| 5575 | Advanced Energy Industries, Inc. (Electronic Equipment, Instruments & Components) | 1423632 |
| 295 | Advanced Micro Devices, Inc.\* (Semiconductors & Semiconductor Equipment) | 69835 |
| 2055 | AeroVironment, Inc.\* (Aerospace & Defense) | 572091 |
| 19256 | Agios Pharmaceuticals, Inc.\* (Biotechnology) | 528385 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 27263 | Alkami Technology, Inc.\* (Software) | $577703 |
| 51904 | Alphabet, Inc. Class A (Interactive Media & Services) | 17543552 |
| 53172 | Amazon.com, Inc.\* (Broadline Retail) | 12724060 |
| 40659 | American International Group, Inc. (Insurance) | 3044546 |
| 11379 | Ameris Bancorp (Banks) | 917375 |
| 8376 | AMN Healthcare Services, Inc.\* (Health Care Providers & Services) | 178409 |
| 24372 | Amphenol Corp. Class A (Electronic Equipment, Instruments & Components) | 3511518 |
| 29355 | Amrize Ltd.\* (Construction Materials) | 1544660 |
| 3363 | Appfolio, Inc. Class A\* (Software) | 638566 |
| 62701 | Apple, Inc. (Technology Hardware, Storage & Peripherals) | 16269655 |
| 1861 | AppLovin Corp. Class A\* (Software) | 880458 |
| 10565 | Archrock, Inc. (Energy Equipment & Services) | 312618 |
| 22194 | Arcutis Biotherapeutics, Inc.\* (Biotechnology) | 563062 |
| 18660 | Arista Networks, Inc.\* (Communications Equipment) | 2644868 |
| 2286 | Arrow Electronics, Inc.\* (Electronic Equipment, Instruments & Components) | 302872 |
| 16441 | Artivion, Inc.\* (Health Care Equipment & Supplies) | 670300 |
| 2566 | Asbury Automotive Group, Inc.\* (Specialty Retail) | 601753 |
| 20138 | AtriCure, Inc.\* (Health Care Equipment & Supplies) | 743696 |
| 28239 | Aveanna Healthcare Holdings, Inc.\* (Health Care Providers & Services) | 237208 |
| 24943 | Avient Corp. (Chemicals) | 901689 |
| 6455 | Avnet, Inc. (Electronic Equipment, Instruments & Components) | 402727 |
| 3765 | Axcelis Technologies, Inc.\* (Semiconductors & Semiconductor Equipment) | 331584 |
| 3557 | Axos Financial, Inc.\* (Banks) | 352107 |
| 16880 | Azenta, Inc.\* (Life Sciences Tools & Services) | 656294 |
| 2044 | AZZ, Inc. (Building Products) | 254049 |
| 4786 | Balchem Corp. (Chemicals) | 814434 |
| 5749 | Baldwin Insurance Group, Inc.\* (Insurance) | 126018 |
| 34141 | Bank of America Corp. (Banks) | 1816301 |
| 1659 | Bar Harbor Bankshares (Banks) | 56257 |
| 2822 | Belden, Inc. (Electronic Equipment, Instruments & Components) | 331613 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 5229 | Benchmark Electronics, Inc. (Electronic Equipment, Instruments & Components) | $272640 |
| 9851 | Berkshire Hathaway, Inc. Class B\* (Financial Services) | 4733701 |
| 42093 | BGC Group, Inc. Class A (Capital Markets) | 383467 |
| 67494 | BioCryst Pharmaceuticals, Inc.\* (Biotechnology) | 444111 |
| 58174 | Block, Inc.\* (Financial Services) | 3515455 |
| 15078 | Boeing Co.\* (Aerospace & Defense) | 3524030 |
| 356 | Booking Holdings, Inc. (Hotels, Restaurants & Leisure) | 1780655 |
| 3705 | Boot Barn Holdings, Inc.\* (Specialty Retail) | 661268 |
| 3494 | Boyd Gaming Corp. (Hotels, Restaurants & Leisure) | 295383 |
| 9810 | Bridgebio Pharma, Inc.\* (Biotechnology) | 758019 |
| 4537 | Brink's Co. (Commercial Services & Supplies) | 576380 |
| 4736 | Bristow Group, Inc.\* (Energy Equipment & Services) | 208195 |
| 28467 | Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 9431117 |
| 7489 | Builders FirstSource, Inc.\* (Building Products) | 856742 |
| 10961 | Byline Bancorp, Inc. (Banks) | 349985 |
| 18519 | Cadre Holdings, Inc. (Aerospace & Defense) | 740945 |
| 10044 | Capital One Financial Corp. (Consumer Finance) | 2198933 |
| 11224 | Cargurus, Inc.\* (Interactive Media & Services) | 363658 |
| 19201 | CarMax, Inc.\* (Specialty Retail) | 855213 |
| 92934 | Carnival Corp.\* (Hotels, Restaurants & Leisure) | 2789879 |
| 13722 | Carrier Global Corp. (Building Products) | 817557 |
| 13025 | Catalyst Pharmaceuticals, Inc.\* (Biotechnology) | 316508 |
| 15962 | Cathay General Bancorp (Banks) | 816935 |
| 544 | Cavco Industries, Inc.\* (Household Durables) | 267659 |
| 13129 | CBIZ, Inc.\* (Professional Services) | 516626 |
| 25233 | Central Garden & Pet Co. Class A\* (Household Products) | 773896 |
| 12715 | Champion Homes, Inc.\* (Household Durables) | 996602 |
| 22310 | Charles Schwab Corp. (Capital Markets) | 2318455 |
| 27066 | Chipotle Mexican Grill, Inc.\* (Hotels, Restaurants & Leisure) | 1052055 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 5209 | Chord Energy Corp. (Oil, Gas & Consumable Fuels) | $522150 |
| 3728 | Ciena Corp.\* (Communications Equipment) | 938748 |
| 2653 | Cigna Group (Health Care Providers & Services) | 727214 |
| 1731 | Cirrus Logic, Inc.\* (Semiconductors & Semiconductor Equipment) | 225619 |
| 9290 | Cohen & Steers, Inc. (Capital Markets) | 596975 |
| 38052 | Colgate-Palmolive Co. (Household Products) | 3435715 |
| 10561 | Columbia Banking System, Inc. (Banks) | 310916 |
| 4174 | Commercial Metals Co. (Metals & Mining) | 320855 |
| 4906 | Commvault Systems, Inc.\* (Software) | 420444 |
| 4972 | Concentrix Corp. (Professional Services) | 185704 |
| 6508 | ConnectOne Bancorp, Inc. (Banks) | 173243 |
| 22090 | ConocoPhillips (Oil, Gas & Consumable Fuels) | 2302441 |
| 13721 | Cooper Cos., Inc.\* (Health Care Equipment & Supplies) | 1116615 |
| 9300 | Cousins Properties, Inc. (Office REITs) | 234732 |
| 3270 | Credo Technology Group Holding Ltd.\* (Semiconductors & Semiconductor Equipment) | 409666 |
| 12669 | Crinetics Pharmaceuticals, Inc.\* (Pharmaceuticals) | 632690 |
| 3206 | CSW Industrials, Inc. (Building Products) | 865556 |
| 4100 | Cummins, Inc. (Machinery) | 2373162 |
| 6836 | Cytokinetics, Inc.\* (Biotechnology) | 431967 |
| 4088 | Danaher Corp. (Life Sciences Tools & Services) | 894822 |
| 8790 | Datadog, Inc. Class A\* (Software) | 1136723 |
| 2798 | Deere & Co. (Machinery) | 1477344 |
| 11184 | Diamondback Energy, Inc. (Oil, Gas & Consumable Fuels) | 1833617 |
| 10409 | DNOW, Inc.\* (Trading Companies & Distributors) | 158113 |
| 5399 | DoorDash, Inc. Class A\* (Hotels, Restaurants & Leisure) | 1104743 |
| 14671 | DoubleVerify Holdings, Inc.\* (Media) | 158740 |
| 3822 | Dover Corp. (Machinery) | 770095 |
| 7337 | Ducommun, Inc.\* (Aerospace & Defense) | 831649 |
| 6550 | Eaton Corp. PLC (Electrical Equipment) | 2301801 |
| 8899 | Element Solutions, Inc. (Chemicals) | 258961 |
| 7466 | Eli Lilly & Co. (Pharmaceuticals) | 7743362 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 4211 | Employers Holdings, Inc. (Insurance) | $183684 |
| 20168 | Enerpac Tool Group Corp. (Machinery) | 813980 |
| 3506 | EnerSys (Electrical Equipment) | 631746 |
| 16357 | Entegris, Inc. (Semiconductors & Semiconductor Equipment) | 1931271 |
| 19136 | EQT Corp. (Oil, Gas & Consumable Fuels) | 1104721 |
| 19565 | Equitable Holdings, Inc. (Financial Services) | 907816 |
| 7665 | Essent Group Ltd. (Financial Services) | 482282 |
| 6372 | Essential Properties Realty Trust, Inc. (Diversified REITs) | 193454 |
| 2567 | Euronet Worldwide, Inc.\* (Financial Services) | 186005 |
| 85313 | Experian PLC (Professional Services) | 3231207 |
| 11536 | Extra Space Storage, Inc. (Specialized REITs) | 1591622 |
| 24115 | Exxon Mobil Corp. (Oil, Gas & Consumable Fuels) | 3409861 |
| 9566 | FB Financial Corp. (Banks) | 550332 |
| 2314 | Federal Agricultural Mortgage Corp. Class C (Financial Services) | 391760 |
| 3238 | FedEx Corp. (Air Freight & Logistics) | 1043445 |
| 12258 | Ferguson Enterprises, Inc. (Trading Companies & Distributors) | 3094655 |
| 22862 | First Advantage Corp.\* (Professional Services) | 308637 |
| 6862 | First American Financial Corp. (Insurance) | 433541 |
| 5558 | First Bancorp/Southern Pines NC (Banks) | 321975 |
| 4310 | First Industrial Realty Trust, Inc. (Industrial REITs) | 250109 |
| 3474 | First Mid Bancshares, Inc. (Banks) | 146255 |
| 51850 | First Watch Restaurant Group, Inc.\* (Hotels, Restaurants & Leisure) | 829081 |
| 5261 | FirstCash Holdings, Inc. (Consumer Finance) | 897000 |
| 10277 | Frontdoor, Inc.\* (Diversified Consumer Services) | 607473 |
| 800 | FTI Consulting, Inc.\* (Professional Services) | 139736 |
| 23100 | Gates Industrial Corp. PLC\* (Machinery) | 531762 |
| 36332 | General Mills, Inc. (Food Products) | 1680718 |
| 9440 | General Motors Co. (Automobiles) | 792960 |
| 3987 | Gibraltar Industries, Inc.\* (Building Products) | 204374 |
| 11001 | Glacier Bancorp, Inc. (Banks) | 557531 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 12386 | Globus Medical, Inc. Class A\* (Health Care Equipment & Supplies) | $1123162 |
| 7600 | Grand Canyon Education, Inc.\* (Diversified Consumer Services) | 1321184 |
| 5125 | Granite Construction, Inc. (Construction & Engineering) | 618792 |
| 2348 | Green Brick Partners, Inc.\* (Household Durables) | 162928 |
| 4688 | Griffon Corp. (Building Products) | 381838 |
| 1152 | Group 1 Automotive, Inc. (Specialty Retail) | 408108 |
| 12350 | Guardian Pharmacy Services, Inc. Class A\* (Health Care Providers & Services) | 372970 |
| 2916 | Gulfport Energy Corp.\* (Oil, Gas & Consumable Fuels) | 595360 |
| 3644 | Haemonetics Corp.\* (Health Care Equipment & Supplies) | 242909 |
| 14993 | Halozyme Therapeutics, Inc.\* (Biotechnology) | 1075148 |
| 6560 | Hancock Whitney Corp. (Banks) | 451328 |
| 8151 | Harmony Biosciences Holdings, Inc.\* (Pharmaceuticals) | 297675 |
| 7839 | HealthEquity, Inc.\* (Health Care Providers & Services) | 671567 |
| 6176 | Helix Energy Solutions Group, Inc.\* (Energy Equipment & Services) | 49037 |
| 19005 | Heritage Commerce Corp. (Banks) | 241934 |
| 7684 | Heritage Financial Corp. (Banks) | 198324 |
| 61789 | Hillman Solutions Corp.\* (Machinery) | 578963 |
| 5731 | HNI Corp. (Commercial Services & Supplies) | 273884 |
| 11520 | Home BancShares, Inc. (Banks) | 332928 |
| 15243 | Horace Mann Educators Corp. (Insurance) | 683039 |
| 5603 | Houlihan Lokey, Inc. (Capital Markets) | 943097 |
| 9820 | Howmet Aerospace, Inc. (Aerospace & Defense) | 2043346 |
| 8484 | HubSpot, Inc.\* (Software) | 2375520 |
| 2656 | Huron Consulting Group, Inc.\* (Professional Services) | 448864 |
| 3064 | ICON PLC\* (Life Sciences Tools & Services) | 552286 |
| 5432 | IDACORP, Inc. (Electric Utilities) | 721315 |
| 15855 | Illumina, Inc.\* (Life Sciences Tools & Services) | 2295963 |
| 36597 | Independence Realty Trust, Inc. (Residential REITs) | 611170 |
| 7764 | Independent Bank Corp. (Banks) | 627176 |
| 10053 | Ingersoll Rand, Inc. (Machinery) | 865463 |
| 2664 | Ingredion, Inc. (Food Products) | 314618 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 1475 | Insight Enterprises, Inc.\* (Electronic Equipment, Instruments & Components) | $123930 |
| 469 | Installed Building Products, Inc. (Household Durables) | 135138 |
| 20526 | Intapp, Inc.\* (Software) | 696858 |
| 11770 | Intercontinental Exchange, Inc. (Capital Markets) | 2045391 |
| 1174 | InterDigital, Inc. (Software) | 383241 |
| 28565 | International Paper Co. (Containers & Packaging) | 1151741 |
| 6029 | Intuit, Inc. (Software) | 3007989 |
| 6096 | Intuitive Surgical, Inc.\* (Health Care Equipment & Supplies) | 3073725 |
| 6155 | ITT, Inc. (Machinery) | 1122056 |
| 31055 | Janus International Group, Inc.\* (Building Products) | 213037 |
| 40625 | JBS NV BDR\* (Food Products) | 635534 |
| 9265 | JPMorgan Chase & Co. (Banks) | 2834071 |
| 7132 | KBR, Inc. (Professional Services) | 305321 |
| 36262 | KeyCorp (Banks) | 780358 |
| 12368 | Kimberly-Clark Corp. (Household Products) | 1236676 |
| 3369 | Korn Ferry (Professional Services) | 234044 |
| 3190 | L3Harris Technologies, Inc. (Aerospace & Defense) | 1093691 |
| 4573 | Labcorp Holdings, Inc. (Health Care Providers & Services) | 1241661 |
| 1355 | Landstar System, Inc. (Ground Transportation) | 202383 |
| 15949 | Lattice Semiconductor Corp.\* (Semiconductors & Semiconductor Equipment) | 1284213 |
| 21473 | Laureate Education, Inc.\* (Diversified Consumer Services) | 736524 |
| 9705 | La-Z-Boy, Inc. (Household Durables) | 353359 |
| 1652 | LCI Industries (Automobile Components) | 242332 |
| 2059 | Lear Corp. (Automobile Components) | 241088 |
| 27812 | Legalzoom.com, Inc.\* (Professional Services) | 247249 |
| 13737 | Legence Corp. Class A\* (Construction & Engineering) | 644403 |
| 3159 | Ligand Pharmaceuticals, Inc.\* (Pharmaceuticals) | 606844 |
| 583 | Littelfuse, Inc. (Electronic Equipment, Instruments & Components) | 188752 |
| 10907 | LiveRamp Holdings, Inc.\* (Software) | 265585 |
| 7104 | MACOM Technology Solutions Holdings, Inc.\* (Semiconductors & Semiconductor Equipment) | 1556202 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 34463 | Magnite, Inc.\* (Media) | $498680 |
| 27547 | Magnolia Oil & Gas Corp. Class A (Oil, Gas & Consumable Fuels) | 702724 |
| 1774 | Martin Marietta Materials, Inc. (Construction Materials) | 1156559 |
| 19804 | Masterbrand, Inc.\* (Building Products) | 240024 |
| 8662 | Mastercard, Inc. Class A (Financial Services) | 4666999 |
| 15643 | Matador Resources Co. (Oil, Gas & Consumable Fuels) | 707689 |
| 2606 | Matson, Inc. (Marine Transportation) | 417742 |
| 4011 | Maximus, Inc. (Professional Services) | 378799 |
| 24425 | Medtronic PLC (Health Care Equipment & Supplies) | 2514798 |
| 10813 | Meta Platforms, Inc. Class A (Interactive Media & Services) | 7747514 |
| 19032 | MetLife, Inc. (Insurance) | 1501244 |
| 37344 | Microsoft Corp. (Software) | 16068750 |
| 8430 | Minerals Technologies, Inc. (Chemicals) | 554357 |
| 913 | Modine Manufacturing Co.\* (Building Products) | 168595 |
| 5424 | Monday.com Ltd.\* (Software) | 622404 |
| 2984 | MongoDB, Inc.\* (IT Services) | 1108049 |
| 2807 | Monolithic Power Systems, Inc. (Semiconductors & Semiconductor Equipment) | 3155489 |
| 784 | Murphy USA, Inc. (Specialty Retail) | 331248 |
| 6830 | Natera, Inc.\* (Biotechnology) | 1578686 |
| 8895 | National Health Investors, Inc. (Health Care REITs) | 730457 |
| 18036 | NCR Voyix Corp.\* (Software) | 178917 |
| 38638 | NeoGenomics, Inc.\* (Health Care Providers & Services) | 465974 |
| 22562 | Nestle SA (Food Products) | 2153013 |
| 18832 | Netflix, Inc.\* (Entertainment) | 1572284 |
| 2938 | Nicolet Bankshares, Inc. (Banks) | 428889 |
| 3395 | Northeast Bank (Banks) | 391206 |
| 14278 | Northwestern Energy Group, Inc. (Multi-Utilities) | 968905 |
| 7604 | Novanta, Inc.\* (Electronic Equipment, Instruments & Components) | 1023042 |
| 16806 | Nucor Corp. (Metals & Mining) | 2986762 |
| 123923 | NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 23685403 |
| 124 | NVR, Inc.\* (Household Durables) | 946831 |
| 5753 | Oceaneering International, Inc.\* (Energy Equipment & Services) | 173165 |
| 29496 | OceanFirst Financial Corp. (Banks) | 553050 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 4003 | OGE Energy Corp. (Electric Utilities) | $174851 |
| 17212 | Old Second Bancorp, Inc. (Banks) | 341486 |
| 5040 | Omnicell, Inc.\* (Health Care Equipment & Supplies) | 244440 |
| 10276 | Option Care Health, Inc.\* (Health Care Providers & Services) | 349384 |
| 990 | OSI Systems, Inc.\* (Electronic Equipment, Instruments & Components) | 247639 |
| 6432 | Oxford Industries, Inc. (Textiles, Apparel & Luxury Goods) | 237019 |
| 7032 | PAR Technology Corp.\* (Software) | 184309 |
| 8283 | Patrick Industries, Inc. (Automobile Components) | 1045066 |
| 9575 | Pediatrix Medical Group, Inc.\* (Health Care Providers & Services) | 204714 |
| 2992 | PennyMac Financial Services, Inc. (Financial Services) | 298961 |
| 17219 | PennyMac Mortgage Investment Trust (Mortgage Real Estate Investment Trusts (REITs)) | 203701 |
| 27851 | Perella Weinberg Partners (Capital Markets) | 621356 |
| 45905 | Pfizer, Inc. (Pharmaceuticals) | 1213728 |
| 21835 | Philip Morris International, Inc. (Tobacco) | 3918072 |
| 8769 | Photronics, Inc.\* (Semiconductors & Semiconductor Equipment) | 303144 |
| 28095 | Phreesia, Inc.\* (Health Care Technology) | 377316 |
| 10060 | PNC Financial Services Group, Inc. (Banks) | 2246398 |
| 3590 | Preferred Bank (Banks) | 307914 |
| 1603 | PriceSmart, Inc. (Consumer Staples Distribution & Retail) | 227963 |
| 11441 | Primoris Services Corp. (Construction & Engineering) | 1696128 |
| 20998 | Qiagen NV (Life Sciences Tools & Services) | 1113286 |
| 2007 | Qorvo, Inc.\* (Semiconductors & Semiconductor Equipment) | 156767 |
| 6907 | Range Resources Corp. (Oil, Gas & Consumable Fuels) | 261430 |
| 2607 | RBC Bearings, Inc.\* (Machinery) | 1302640 |
| 1987 | Red River Bancshares, Inc. (Banks) | 165040 |
| 31548 | Redwood Trust, Inc. (Mortgage Real Estate Investment Trusts (REITs)) | 172883 |
| 6142 | Regal Rexnord Corp. (Electrical Equipment) | 991933 |
| 10236 | Revolve Group, Inc.\* (Specialty Retail) | 283025 |
| 16096 | ROBLOX Corp. Class A\* (Entertainment) | 1058473 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 18547 | Roche Holding AG (Pharmaceuticals) | $8434055 |
| 25092 | Rocket Cos., Inc. Class A (Financial Services) | 449900 |
| 8327 | Ryman Hospitality Properties, Inc. (Hotel & Resort REITs) | 788567 |
| 6385 | Salesforce, Inc. (Software) | 1355472 |
| 5500 | Samsara, Inc. Class A\* (Software) | 154275 |
| 8770 | SBA Communications Corp. (Specialized REITs) | 1614645 |
| 28285 | Seacoast Banking Corp. of Florida (Banks) | 945850 |
| 8062 | Seagate Technology Holdings PLC (Technology Hardware, Storage & Peripherals) | 3286797 |
| 10795 | Semtech Corp.\* (Semiconductors & Semiconductor Equipment) | 860901 |
| 11216 | Sensata Technologies Holding PLC (Electrical Equipment) | 387961 |
| 24032 | ServiceNow, Inc.\* (Software) | 2811984 |
| 4130 | Shake Shack, Inc. Class A\* (Hotels, Restaurants & Leisure) | 365794 |
| 12903 | Skyward Specialty Insurance Group, Inc.\* (Insurance) | 575732 |
| 53869 | Smurfit WestRock PLC (Containers & Packaging) | 2242566 |
| 16164 | Solaris Energy Infrastructure, Inc. (Energy Equipment & Services) | 892091 |
| 9711 | Solventum Corp.\* (Health Care Equipment & Supplies) | 747456 |
| 4452 | Spotify Technology SA\* (Entertainment) | 2227558 |
| 6579 | SPX Technologies, Inc.\* (Machinery) | 1371129 |
| 8870 | SS&C Technologies Holdings, Inc. (Professional Services) | 726364 |
| 26033 | STAG Industrial, Inc. (Industrial REITs) | 976498 |
| 43954 | Stagwell, Inc.\* (Media) | 264164 |
| 26906 | StandardAero, Inc.\* (Aerospace & Defense) | 831126 |
| 13148 | Starbucks Corp. (Hotels, Restaurants & Leisure) | 1208959 |
| 4205 | Sterling Infrastructure, Inc.\* (Construction & Engineering) | 1505012 |
| 5433 | Steven Madden Ltd. (Textiles, Apparel & Luxury Goods) | 238400 |
| 7974 | Stifel Financial Corp. (Capital Markets) | 983194 |
| 5409 | StoneX Group, Inc.\* (Capital Markets) | 607214 |
| 5420 | Stryker Corp. (Health Care Equipment & Supplies) | 2003015 |
| 22192 | Supernus Pharmaceuticals, Inc.\* (Pharmaceuticals) | 1068767 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 4415 | Synopsys, Inc.\* (Software) | $2053483 |
| 25417 | Sysco Corp. (Consumer Staples Distribution & Retail) | 2131215 |
| 25535 | Tandem Diabetes Care, Inc.\* (Health Care Equipment & Supplies) | 507891 |
| 4724 | Taylor Morrison Home Corp.\* (Household Durables) | 287928 |
| 5807 | Texas Capital Bancshares, Inc.\* (Banks) | 587494 |
| 12455 | Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 2684675 |
| 3973 | Texas Roadhouse, Inc. (Hotels, Restaurants & Leisure) | 714584 |
| 1869 | Thermo Fisher Scientific, Inc. (Life Sciences Tools & Services) | 1081422 |
| 22259 | Thermon Group Holdings, Inc.\* (Electrical Equipment) | 1007220 |
| 5086 | Tidewater, Inc.\* (Energy Equipment & Services) | 317824 |
| 1800 | T-Mobile U.S., Inc. (Wireless Telecommunication Services) | 354978 |
| 13345 | Tradeweb Markets, Inc. Class A (Capital Markets) | 1375469 |
| 18394 | Tri Pointe Homes, Inc.\* (Household Durables) | 613440 |
| 8181 | U.S. Physical Therapy, Inc. (Health Care Providers & Services) | 686140 |
| 5415 | UFP Industries, Inc. (Building Products) | 559261 |
| 15696 | Ultragenyx Pharmaceutical, Inc.\* (Biotechnology) | 377803 |
| 6873 | UMB Financial Corp. (Banks) | 873833 |
| 7286 | Union Pacific Corp. (Ground Transportation) | 1712939 |
| 3440 | United Rentals, Inc. (Trading Companies & Distributors) | 2690286 |
| 6691 | UnitedHealth Group, Inc. (Health Care Providers & Services) | 1919849 |
| 20870 | Upwork, Inc.\* (Professional Services) | 418026 |
| 39777 | Utz Brands, Inc. (Food Products) | 419250 |
| 6959 | Valvoline, Inc.\* (Specialty Retail) | 227698 |
| 20243 | Veracyte, Inc.\* (Biotechnology) | 770853 |
| 51196 | Viavi Solutions, Inc.\* (Communications Equipment) | 1252254 |
| 5433 | Viper Energy, Inc. Class A (Oil, Gas & Consumable Fuels) | 230033 |
| 14943 | Visa, Inc. Class A (Financial Services) | 4809106 |
| 2008 | Visteon Corp. (Automobile Components) | 182447 |
| 14131 | Vita Coco Co., Inc.\* (Beverages) | 753889 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| 5631 | Vontier Corp. (Electronic Equipment, Instruments & Components) | $211163 |
| 7760 | Voya Financial, Inc. (Financial Services) | 594882 |
| 30611 | Walt Disney Co. (Entertainment) | 3452921 |
| 7559 | Waste Connections, Inc. (Commercial Services & Supplies) | 1266888 |
| 11023 | Waste Management, Inc. (Commercial Services & Supplies) | 2449752 |
| 1913 | WEX, Inc.\* (Financial Services) | 294411 |
| 2989 | Wintrust Financial Corp. (Banks) | 440848 |
| 14403 | World Kinect Corp. (Oil, Gas & Consumable Fuels) | 387585 |
| 3160 | Wyndham Hotels & Resorts, Inc. (Hotels, Restaurants & Leisure) | 230016 |
| 13409 | Zoetis, Inc. (Pharmaceuticals) | 1673711 |
|  |  | 414920780 |
| **Uruguay\* – 0.2%** | **Uruguay\* – 0.2%** | **Uruguay\* – 0.2%** |
| 1949 | MercadoLibre, Inc. (Broadline Retail) | 4186043 |
| **TOTAL COMMON STOCKS<br>(Cost $739,288,729)** | **TOTAL COMMON STOCKS<br>(Cost $739,288,729)** | $1049259524 |
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Preferred Stocks – 0.2%** | **Preferred Stocks – 0.2%** |  |
| **Brazil – 0.2%** | **Brazil – 0.2%** | **Brazil – 0.2%** |
| Axia Energia (Electric Utilities) | Axia Energia (Electric Utilities) | Axia Energia (Electric Utilities) |
| 10300 | 7.132% | $113143 |
| Axia Energia (Electric Utilities) | Axia Energia (Electric Utilities) | Axia Energia (Electric Utilities) |
| 2707 | 0.000 | 27159 |
| Banco Bradesco SA (Banks) | Banco Bradesco SA (Banks) | Banco Bradesco SA (Banks) |
| 293300 | 6.739 | 1187634 |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes<br>(Household Durables) | Cyrela Brazil Realty SA Empreendimentos e Participacoes<br>(Household Durables) | Cyrela Brazil Realty SA Empreendimentos e Participacoes<br>(Household Durables) |
| 6800 | 0.000 | 36373 |
| Itau Unibanco Holding SA (Banks) | Itau Unibanco Holding SA (Banks) | Itau Unibanco Holding SA (Banks) |
| 23700 | 9.784 | 204902 |
| Itausa SA (Banks) | Itausa SA (Banks) | Itausa SA (Banks) |
| 509071 | 12.596 | 1321345 |
| Petroleo Brasileiro SA - Petrobras (Oil, Gas & Consumable Fuels) | Petroleo Brasileiro SA - Petrobras (Oil, Gas & Consumable Fuels) | Petroleo Brasileiro SA - Petrobras (Oil, Gas & Consumable Fuels) |
| 197100 | 7.682 | 1414184 |
|  |  | 4304740 |
| **India<sup>(b)</sup> – 0.0%** | **India<sup>(b)</sup> – 0.0%** |  |
| TVS Motor Co. Ltd. (Automobiles) | TVS Motor Co. Ltd. (Automobiles) | TVS Motor Co. Ltd. (Automobiles) |
| 50336 | 6.000 | 5472 |
| **TOTAL PREFERRED STOCKS<br>(Cost $3,273,747)** | **TOTAL PREFERRED STOCKS<br>(Cost $3,273,747)** | $4310212 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Exchange Traded Funds – 36.0%** | **Exchange Traded Funds – 36.0%** | **Exchange Traded Funds – 36.0%** |
| 31000 | iShares Core MSCI Emerging Markets ETF | $2249360 |
| 25155 | iShares MSCI Saudi Arabia ETF | 1002678 |
| 5592772 | State Street SPDR Portfolio S&P 500 ETF | 455251641 |
| 781998 | Vanguard Russell 1000 Value | 75447167 |
| 219412 | Vanguard S&P 500 ETF | 139594303 |
| **TOTAL EXCHANGE TRADED FUNDS<br>(Cost $602,092,579)** | **TOTAL EXCHANGE TRADED FUNDS<br>(Cost $602,092,579)** | $673545149 |
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Companies<sup>(c)</sup> – 6.7%** | **Investment Companies<sup>(c)</sup> – 6.7%** | **Investment Companies<sup>(c)</sup> – 6.7%** |
| Goldman Sachs Financial Square Government Fund — Class R6 | Goldman Sachs Financial Square Government Fund — Class R6 | Goldman Sachs Financial Square Government Fund — Class R6 |
| 61660274 | 3.590% | $61660274 |
| Goldman Sachs Financial Square Government Fund — Institutional<br>Shares | Goldman Sachs Financial Square Government Fund — Institutional<br>Shares | Goldman Sachs Financial Square Government Fund — Institutional<br>Shares |
| 62482810 | 3.590 | 62482810 |
| **TOTAL INVESTMENT COMPANIES – 6.7%<br>(Cost $124,143,084)** | **TOTAL INVESTMENT COMPANIES – 6.7%<br>(Cost $124,143,084)** | $124143084 |
| **TOTAL INVESTMENTS – 99.0%<br>(Cost $1,468,798,139)** | **TOTAL INVESTMENTS – 99.0%<br>(Cost $1,468,798,139)** | $1851257969 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.0%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.0%** | 18598036 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $1869856005 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |
| (a) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (b) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e., Level 3. |
| (c) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **SECTOR ALLOCATION AS OF JANUARY 31, 2026** | **SECTOR ALLOCATION AS OF JANUARY 31, 2026** |
| **Sector** | **% of Total<br>Market Value** |
| Exchange Traded Funds | 36.4% |
| Information Technology | 13.3 |
| Financials | 10.8 |
| Industrials | 9.2 |
| Investment Companies | 6.7 |
| Consumer Discretionary | 5.6 |
| Health Care | 5.6 |
| Communication Services | 3.7 |
| Consumer Staples | 2.8 |
| Materials | 2.5 |
| Energy | 1.8 |
| Real Estate | 0.9 |
| Utilities | 0.7 |
|  | 100.0% |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

**ADDITIONAL INVESTMENT INFORMATION** 

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** — At January 31, 2026, the Fund had the following forward foreign currency exchange contracts:

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Currency**<br> **Purchased** | **Currency**<br> **Purchased** | **Currency**<br> **Sold** | **Currency**<br> **Sold** | **Settlement<br>Date** | **Unrealized<br>Gain** |
|  BNP Paribas SA | AUD | 14950000 | USD | 10405819 | 02/03/26 | $4549 |
|  | ILS | 2720000 | USD | 875197 | 02/03/26 | 2340 |
|  | NOK | 9100000 | USD | 941527 | 02/03/26 | 3374 |
|  | NZD | 450000 | USD | 270040 | 02/03/26 | 946 |
|  | USD | 14829927 | CHF | 11340000 | 03/03/26 | 111080 |
|  | USD | 3543749 | DKK | 22110000 | 03/03/26 | 27981 |
|  | USD | 52857886 | EUR | 44160000 | 03/03/26 | 435039 |
|  | USD | 21567823 | GBP | 15670000 | 03/03/26 | 126525 |
|  | USD | 2614608 | HKD | 20310000 | 02/03/26 | 14291 |
|  | USD | 2606373 | HKD | 20310000 | 03/03/26 | 3693 |
|  | USD | 29319894 | JPY | 4468000000 | 03/03/26 | 372448 |
|  | USD | 4803316 | SEK | 42450000 | 03/03/26 | 30076 |
|  | USD | 1926890 | SGD | 2430000 | 03/03/26 | 12466 |
|  JPMorgan Securities, Inc. | AUD | 6960000 | USD | 4844448 | 02/03/26 | 2118 |
|  | ILS | 1400000 | USD | 450469 | 02/03/26 | 1205 |
|  | NOK | 3950000 | USD | 408685 | 02/03/26 | 1465 |
|  | NZD | 210000 | USD | 126019 | 02/03/26 | 441 |
|  | USD | 6669544 | CHF | 5100000 | 03/03/26 | 49957 |
|  | USD | 1344733 | DKK | 8390000 | 03/03/26 | 10618 |
|  | USD | 24489863 | EUR | 20460000 | 03/03/26 | 201560 |
|  | USD | 10047550 | GBP | 7300000 | 03/03/26 | 58943 |
|  | USD | 1260316 | HKD | 9790000 | 02/03/26 | 6889 |
|  | USD | 1256346 | HKD | 9790000 | 03/03/26 | 1780 |
|  | USD | 15007743 | JPY | 2287000000 | 03/03/26 | 190642 |
|  | USD | 2231930 | SEK | 19725000 | 03/03/26 | 13975 |
|  | USD | 935691 | SGD | 1180000 | 03/03/26 | 6054 |
|  Northern Trust Co. | USD | 83935 | ZAR | 1326020 | 02/03/26 | 1873 |
|  **TOTAL** |  |  |  |  |  | $1692328 |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

**ADDITIONAL INVESTMENT INFORMATION (continued)** 

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Currency**<br> **Purchased** | **Currency**<br> **Purchased** | **Currency**<br> **Sold** | **Currency**<br> **Sold** | **Settlement<br>Date** | **Unrealized<br>Loss** |
|  BNP Paribas SA | CHF | 11340000 | USD | 14785300 | 02/03/26 | $(109895) |
|  | DKK | 22110000 | USD | 3537912 | 02/03/26 | (27758) |
|  | EUR | 44160000 | USD | 52787760 | 02/03/26 | (432934) |
|  | GBP | 15670000 | USD | 21568415 | 02/03/26 | (126510) |
|  | HKD | 20310000 | USD | 2604161 | 02/03/26 | (3844) |
|  | JPY | 4468000000 | USD | 29249816 | 02/03/26 | (369533) |
|  | SEK | 42450000 | USD | 4796399 | 02/03/26 | (29811) |
|  | SGD | 2430000 | USD | 1923092 | 02/03/26 | (12332) |
|  | USD | 10049548 | AUD | 14950000 | 02/03/26 | (360819) |
|  | USD | 10405423 | AUD | 14950000 | 03/03/26 | (4394) |
|  | USD | 14414753 | CHF | 11340000 | 02/03/26 | (260652) |
|  | USD | 3496770 | DKK | 22110000 | 02/03/26 | (13384) |
|  | USD | 52150390 | EUR | 44160000 | 02/03/26 | (204436) |
|  | USD | 21188466 | GBP | 15670000 | 02/03/26 | (253440) |
|  | USD | 851840 | ILS | 2720000 | 02/03/26 | (25698) |
|  | USD | 875337 | ILS | 2720000 | 03/04/26 | (2391) |
|  | USD | 28666734 | JPY | 4468000000 | 02/03/26 | (213549) |
|  | USD | 910978 | NOK | 9100000 | 02/03/26 | (33924) |
|  | USD | 941417 | NOK | 9100000 | 03/03/26 | (3369) |
|  | USD | 261235 | NZD | 450000 | 02/03/26 | (9750) |
|  | USD | 270333 | NZD | 450000 | 03/03/26 | (929) |
|  | USD | 4646524 | SEK | 42450000 | 02/03/26 | (120065) |
|  | USD | 1898138 | SGD | 2430000 | 02/03/26 | (12621) |
|  Brown Brothers Harriman & Co. | ZAR | 2459278 | USD | 154738 | 02/02/26 | (2532) |
|  | ZAR | 2294296 | USD | 142231 | 02/04/26 | (259) |
|  JPMorgan Securities, Inc. | CHF | 5100000 | USD | 6649474 | 02/03/26 | (49424) |
|  | DKK | 8390000 | USD | 1342519 | 02/03/26 | (10533) |
|  | EUR | 20460000 | USD | 24457373 | 02/03/26 | (200585) |
|  | GBP | 7300000 | USD | 10047826 | 02/03/26 | (58935) |
|  | HKD | 9790000 | USD | 1255280 | 02/03/26 | (1853) |
|  | JPY | 2287000000 | USD | 14971873 | 02/03/26 | (189150) |
|  | SEK | 19725000 | USD | 2228716 | 02/03/26 | (13852) |
|  | SGD | 1180000 | USD | 933847 | 02/03/26 | (5989) |
|  | USD | 4678586 | AUD | 6960000 | 02/03/26 | (167980) |
|  | USD | 4844264 | AUD | 6960000 | 03/03/26 | (2045) |
|  | USD | 6482826 | CHF | 5100000 | 02/03/26 | (117224) |
|  | USD | 1326906 | DKK | 8390000 | 02/03/26 | (5079) |
|  | USD | 24162069 | EUR | 20460000 | 02/03/26 | (94718) |
|  | USD | 9870823 | GBP | 7300000 | 02/03/26 | (118067) |
|  | USD | 438447 | ILS | 1400000 | 02/03/26 | (13227) |
|  | USD | 450541 | ILS | 1400000 | 03/04/26 | (1231) |
|  | USD | 14673415 | JPY | 2287000000 | 02/03/26 | (109307) |
|  | USD | 395424 | NOK | 3950000 | 02/03/26 | (14725) |
|  | USD | 408637 | NOK | 3950000 | 03/03/26 | (1462) |
|  | USD | 121910 | NZD | 210000 | 02/03/26 | (4550) |
|  | USD | 126155 | NZD | 210000 | 03/03/26 | (434) |
|  | USD | 2159074 | SEK | 19725000 | 02/03/26 | (55790) |
|  | USD | 921730 | SGD | 1180000 | 02/03/26 | (6129) |
|  **TOTAL** |  |  |  |  |  | $(3877118) |

---

------

GOLDMAN SACHS MULTI-MANAGER GLOBAL EQUITY FUND

*January 31, 2026 (Unaudited)* 

**ADDITIONAL INVESTMENT INFORMATION (continued)** 

**FUTURES CONTRACTS** — At January 31, 2026, the Fund had the following futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration<br>Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Long position contracts:** |  |  |  |  |
|  S&P 500 E-Mini Index | 288 | 03/20/26 | $100306800 | $(13876) |
|  S&P Toronto Stock Exchange 60 Index | 194 | 03/19/26 | 52792392 | (8639) |
|  **TOTAL FUTURES CONTRACTS** |  |  |  | $(22515) |

---

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| AUD | — Australian Dollar |
| CHF | — Swiss Franc |
| DKK | — Denmark Krone |
| EUR | — Euro |
| GBP | — British Pound |
| HKD | — Hong Kong Dollar |
| ILS | — Israeli Shekel |
| JPY | — Japanese Yen |
| NOK | — Norwegian Krone |
| NZD | — New Zealand Dollar |
| SEK | — Swedish Krona |
| SGD | — Singapore Dollar |
| USD | — U.S. Dollar |
| ZAR | — South African Rand |
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| ADR | — American Depositary Receipt |
| ETF | — Exchange Traded Fund |
| GDR | — Global Depository Receipt |
| MSCI | — Morgan Stanley Capital International |
| MTN | — Medium Term Note |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SPDR | — Standard and Poor's Depository Receipt |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – 55.5%** | **Corporate Obligations – 55.5%** | **Corporate Obligations – 55.5%** | **Corporate Obligations – 55.5%** | **Corporate Obligations – 55.5%** |
|  **Advertising<sup>(a)(b)</sup> – 0.3%** | **Advertising<sup>(a)(b)</sup> – 0.3%** | **Advertising<sup>(a)(b)</sup> – 0.3%** | **Advertising<sup>(a)(b)</sup> – 0.3%** | **Advertising<sup>(a)(b)</sup> – 0.3%** |
|  CMG Media Corp. | CMG Media Corp. | CMG Media Corp. | CMG Media Corp. | CMG Media Corp. |
|  $ | 3321025 | 8.875% | 06/18/29 | $2876373 |
|  Neptune Bidco U.S., Inc. | Neptune Bidco U.S., Inc. | Neptune Bidco U.S., Inc. | Neptune Bidco U.S., Inc. | Neptune Bidco U.S., Inc. |
|  | 1758000 | 9.290 | 04/15/29 | 1805343 |
|  | 1136000 | 9.500 | 02/15/33 | 1157027 |
|  Summer BC Holdco B SARL | Summer BC Holdco B SARL | Summer BC Holdco B SARL | Summer BC Holdco B SARL | Summer BC Holdco B SARL |
|  EUR | 300000 | 5.875 | 02/15/30 | 331449 |
|  |  |  |  | 6170192 |
|  **Aerospace & Defense<sup>(a)(b)</sup> – 0.4%** | **Aerospace & Defense<sup>(a)(b)</sup> – 0.4%** | **Aerospace & Defense<sup>(a)(b)</sup> – 0.4%** | **Aerospace & Defense<sup>(a)(b)</sup> – 0.4%** | **Aerospace & Defense<sup>(a)(b)</sup> – 0.4%** |
|  Bombardier, Inc. | Bombardier, Inc. | Bombardier, Inc. | Bombardier, Inc. | Bombardier, Inc. |
|  $ | 725000 | 7.250 | 07/01/31 | 769776 |
|  | 340000 | 7.000 | 06/01/32 | 357051 |
|  | 1295000 | 6.750 | 06/15/33 | 1361175 |
|  Goat Holdco LLC | Goat Holdco LLC | Goat Holdco LLC | Goat Holdco LLC | Goat Holdco LLC |
|  | 1498000 | 6.750 | 02/01/32 | 1539809 |
|  Rolls-Royce PLC | Rolls-Royce PLC | Rolls-Royce PLC | Rolls-Royce PLC | Rolls-Royce PLC |
|  GBP | 620000 | 5.750 | 10/15/27 | 867109 |
|  TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. |
|  $ | 2150000 | 7.125 | 12/01/31 | 2252534 |
|  |  |  |  | 7147454 |
|  **Agriculture<sup>(a)</sup> – 0.1%** | **Agriculture<sup>(a)</sup> – 0.1%** | **Agriculture<sup>(a)</sup> – 0.1%** | **Agriculture<sup>(a)</sup> – 0.1%** | **Agriculture<sup>(a)</sup> – 0.1%** |
|  MHP Lux SA<sup>(b)</sup>  | MHP Lux SA<sup>(b)</sup>  | MHP Lux SA<sup>(b)</sup>  | MHP Lux SA<sup>(b)</sup>  | MHP Lux SA<sup>(b)</sup>  |
|  | 280000 | 10.500 | 07/28/29 | 288400 |
|  Roquette Freres SA<sup>(c)</sup> (5 yr. EURIBOR ICE Swap + 3.252%) | Roquette Freres SA<sup>(c)</sup> (5 yr. EURIBOR ICE Swap + 3.252%) | Roquette Freres SA<sup>(c)</sup> (5 yr. EURIBOR ICE Swap + 3.252%) | Roquette Freres SA<sup>(c)</sup> (5 yr. EURIBOR ICE Swap + 3.252%) | Roquette Freres SA<sup>(c)</sup> (5 yr. EURIBOR ICE Swap + 3.252%) |
|  EUR | 800000 | 5.494 | 11/25/29 | 982532 |
|  |  |  |  | 1270932 |
|  **Airlines – 0.4%** | **Airlines – 0.4%** | **Airlines – 0.4%** | **Airlines – 0.4%** | **Airlines – 0.4%** |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  | American Airlines, Inc./AAdvantage Loyalty IP Ltd.<sup>(b)</sup>  |
|  $ | 208333 | 5.500 | 04/20/26 | 208613 |
|  Avianca Midco 2 PLC<sup>(a)</sup>  | Avianca Midco 2 PLC<sup>(a)</sup>  | Avianca Midco 2 PLC<sup>(a)</sup>  | Avianca Midco 2 PLC<sup>(a)</sup>  | Avianca Midco 2 PLC<sup>(a)</sup>  |
|  | 261302 | 9.000 | 12/01/28 | 266162 |
|  Gol Finance, Inc.<sup>(a)</sup>  | Gol Finance, Inc.<sup>(a)</sup>  | Gol Finance, Inc.<sup>(a)</sup>  | Gol Finance, Inc.<sup>(a)</sup>  | Gol Finance, Inc.<sup>(a)</sup>  |
|  | 250000 | 14.375 | 06/06/30 | 258235 |
|  JetBlue Airways Corp./JetBlue Loyalty LP<sup>(a)(b)</sup>  | JetBlue Airways Corp./JetBlue Loyalty LP<sup>(a)(b)</sup>  | JetBlue Airways Corp./JetBlue Loyalty LP<sup>(a)(b)</sup>  | JetBlue Airways Corp./JetBlue Loyalty LP<sup>(a)(b)</sup>  | JetBlue Airways Corp./JetBlue Loyalty LP<sup>(a)(b)</sup>  |
|  | 1676000 | 9.875 | 09/20/31 | 1683743 |
|  Latam Airlines Group SA<sup>(a)</sup>  | Latam Airlines Group SA<sup>(a)</sup>  | Latam Airlines Group SA<sup>(a)</sup>  | Latam Airlines Group SA<sup>(a)</sup>  | Latam Airlines Group SA<sup>(a)</sup>  |
|  | 750000 | 7.625 | 01/07/31 | 788250 |
|  United Airlines, Inc.<sup>(a)(b)</sup>  | United Airlines, Inc.<sup>(a)(b)</sup>  | United Airlines, Inc.<sup>(a)(b)</sup>  | United Airlines, Inc.<sup>(a)(b)</sup>  | United Airlines, Inc.<sup>(a)(b)</sup>  |
|  | 1250000 | 4.375 | 04/15/26 | 1249088 |
|  | 730000 | 4.625 | 04/15/29 | 729285 |
|  VistaJet Malta Finance PLC/Vista Management Holding, Inc.<sup>(a)(b)</sup>  | VistaJet Malta Finance PLC/Vista Management Holding, Inc.<sup>(a)(b)</sup>  | VistaJet Malta Finance PLC/Vista Management Holding, Inc.<sup>(a)(b)</sup>  | VistaJet Malta Finance PLC/Vista Management Holding, Inc.<sup>(a)(b)</sup>  | VistaJet Malta Finance PLC/Vista Management Holding, Inc.<sup>(a)(b)</sup>  |
|  | 771000 | 9.500 | 06/01/28 | 795340 |
|  | 2695000 | 6.375 | 02/01/30 | 2543891 |
|  |  |  |  | 8522607 |
|  **Apparel<sup>(a)(b)</sup> – 0.3%** | **Apparel<sup>(a)(b)</sup> – 0.3%** | **Apparel<sup>(a)(b)</sup> – 0.3%** | **Apparel<sup>(a)(b)</sup> – 0.3%** | **Apparel<sup>(a)(b)</sup> – 0.3%** |
|  Under Armour, Inc. | Under Armour, Inc. | Under Armour, Inc. | Under Armour, Inc. | Under Armour, Inc. |
|  | 2525000 | 7.250 | 07/15/30 | 2586130 |
|  William Carter Co. | William Carter Co. | William Carter Co. | William Carter Co. | William Carter Co. |
|  | 1446000 | 7.375 | 02/15/31 | 1495410 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Apparel<sup>(a)(b)</sup> – (continued)** | **Apparel<sup>(a)(b)</sup> – (continued)** | **Apparel<sup>(a)(b)</sup> – (continued)** | **Apparel<sup>(a)(b)</sup> – (continued)** |
| Wolverine World Wide, Inc. | Wolverine World Wide, Inc. | Wolverine World Wide, Inc. | Wolverine World Wide, Inc. |
| 1064000 | 4.000% | 08/15/29 | $993244 |
|  |  |  | 5074784 |
| **Automotive – 1.3%** | **Automotive – 1.3%** | **Automotive – 1.3%** | **Automotive – 1.3%** |
| American Axle & Manufacturing, Inc.<sup>(a)(b)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)(b)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)(b)</sup>  | American Axle & Manufacturing, Inc.<sup>(a)(b)</sup>  |
| 1750000 | 6.375 | 10/15/32 | 1786050 |
| 3554000 | 7.750 | 10/15/33 | 3653974 |
| Clarios Global LP/Clarios U.S. Finance Co.<sup>(a)(b)</sup>  | Clarios Global LP/Clarios U.S. Finance Co.<sup>(a)(b)</sup>  | Clarios Global LP/Clarios U.S. Finance Co.<sup>(a)(b)</sup>  | Clarios Global LP/Clarios U.S. Finance Co.<sup>(a)(b)</sup>  |
| 1411000 | 4.750 | 06/15/31 | 1698386 |
| Dealer Tire LLC/DT Issuer LLC<sup>(a)(b)</sup>  | Dealer Tire LLC/DT Issuer LLC<sup>(a)(b)</sup>  | Dealer Tire LLC/DT Issuer LLC<sup>(a)(b)</sup>  | Dealer Tire LLC/DT Issuer LLC<sup>(a)(b)</sup>  |
| 1416000 | 8.000 | 02/01/28 | 1410534 |
| Ford Motor Credit Co. LLC<sup>(c)</sup> (Secured Overnight Financing Rate + 2.030%) | Ford Motor Credit Co. LLC<sup>(c)</sup> (Secured Overnight Financing Rate + 2.030%) | Ford Motor Credit Co. LLC<sup>(c)</sup> (Secured Overnight Financing Rate + 2.030%) | Ford Motor Credit Co. LLC<sup>(c)</sup> (Secured Overnight Financing Rate + 2.030%) |
| 1836000 | 5.711 | 03/20/28 | 1855058 |
| Forvia SE<sup>(a)(b)</sup>  | Forvia SE<sup>(a)(b)</sup>  | Forvia SE<sup>(a)(b)</sup>  | Forvia SE<sup>(a)(b)</sup>  |
| 425000 | 5.625 | 06/15/30 | 527385 |
| 1496000 | 5.375 | 03/15/31 | 1833450 |
| Gestamp Automocion SA<sup>(a)(b)</sup>  | Gestamp Automocion SA<sup>(a)(b)</sup>  | Gestamp Automocion SA<sup>(a)(b)</sup>  | Gestamp Automocion SA<sup>(a)(b)</sup>  |
| 193000 | 4.375 | 10/15/30 | 232387 |
| Nissan Motor Co. Ltd.<sup>(a)(b)</sup>  | Nissan Motor Co. Ltd.<sup>(a)(b)</sup>  | Nissan Motor Co. Ltd.<sup>(a)(b)</sup>  | Nissan Motor Co. Ltd.<sup>(a)(b)</sup>  |
| 105000 | 7.500 | 07/17/30 | 110244 |
| 705000 | 7.750 | 07/17/32 | 745911 |
| 1804000 | 6.375 | 07/17/33 | 2215566 |
| 2405000 | 8.125 | 07/17/35 | 2571378 |
| Qnity Electronics, Inc.<sup>(a)(b)</sup>  | Qnity Electronics, Inc.<sup>(a)(b)</sup>  | Qnity Electronics, Inc.<sup>(a)(b)</sup>  | Qnity Electronics, Inc.<sup>(a)(b)</sup>  |
| 628000 | 5.750 | 08/15/32 | 639448 |
| 649000 | 6.250 | 08/15/33 | 670190 |
| Tenneco, Inc.<sup>(a)(b)</sup>  | Tenneco, Inc.<sup>(a)(b)</sup>  | Tenneco, Inc.<sup>(a)(b)</sup>  | Tenneco, Inc.<sup>(a)(b)</sup>  |
| 2290000 | 8.000 | 11/17/28 | 2302709 |
| ZF North America Capital, Inc.<sup>(a)(b)</sup>  | ZF North America Capital, Inc.<sup>(a)(b)</sup>  | ZF North America Capital, Inc.<sup>(a)(b)</sup>  | ZF North America Capital, Inc.<sup>(a)(b)</sup>  |
| 4023000 | 7.500 | 03/24/31 | 4123173 |
|  |  |  | 26375843 |
| **Banks – 2.7%** | **Banks – 2.7%** | **Banks – 2.7%** | **Banks – 2.7%** |
| Akbank TAS<sup>(a)(c)</sup> (5 yr. CMT + 3.726%) | Akbank TAS<sup>(a)(c)</sup> (5 yr. CMT + 3.726%) | Akbank TAS<sup>(a)(c)</sup> (5 yr. CMT + 3.726%) | Akbank TAS<sup>(a)(c)</sup> (5 yr. CMT + 3.726%) |
| 490000 | 7.875 | 09/04/35 | 500133 |
| Banca Transilvania SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.783%) | Banca Transilvania SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.783%) | Banca Transilvania SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.783%) | Banca Transilvania SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.783%) |
| 1446000 | 7.125 | 11/27/30 | 1768163 |
| Banco Bilbao Vizcaya Argentaria SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.246%) | Banco Bilbao Vizcaya Argentaria SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.246%) | Banco Bilbao Vizcaya Argentaria SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.246%) | Banco Bilbao Vizcaya Argentaria SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.246%) |
| 2000000 | 5.625 | 11/11/32 | 2394406 |
| Banco Davivienda SA<sup>(a)(c)</sup> (5 yr. CMT + 4.588%) | Banco Davivienda SA<sup>(a)(c)</sup> (5 yr. CMT + 4.588%) | Banco Davivienda SA<sup>(a)(c)</sup> (5 yr. CMT + 4.588%) | Banco Davivienda SA<sup>(a)(c)</sup> (5 yr. CMT + 4.588%) |
| 480000 | 8.125 | 07/02/35 | 500400 |
| Banco de Sabadell SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 6.830%) | Banco de Sabadell SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 6.830%) | Banco de Sabadell SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 6.830%) | Banco de Sabadell SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 6.830%) |
| 1200000 | 9.375 | 07/18/28 | 1599212 |
| Banco Mercantil del Norte SA<sup>(a)(c)</sup>  | Banco Mercantil del Norte SA<sup>(a)(c)</sup>  | Banco Mercantil del Norte SA<sup>(a)(c)</sup>  | Banco Mercantil del Norte SA<sup>(a)(c)</sup>  |
| (10 yr. CMT + 5.034%) | (10 yr. CMT + 5.034%) | (10 yr. CMT + 5.034%) | (10 yr. CMT + 5.034%) |
| 515000 | 6.625 | 01/24/32 | 507018 |
| (10 yr. CMT + 5.353%) | (10 yr. CMT + 5.353%) | (10 yr. CMT + 5.353%) | (10 yr. CMT + 5.353%) |
| 485000 | 7.625 | 01/10/28 | 497586 |
| (10 yr. CMT + 5.470%) | (10 yr. CMT + 5.470%) | (10 yr. CMT + 5.470%) | (10 yr. CMT + 5.470%) |
| 485000 | 7.500 | 06/27/29 | 499974 |
| (5 yr. CMT + 4.072%) | (5 yr. CMT + 4.072%) | (5 yr. CMT + 4.072%) | (5 yr. CMT + 4.072%) |
| 1652000 | 8.375 | 05/20/31 | 1743686 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Bancolombia SA<sup>(a)(c)</sup> (5 yr. CMT + 4.320%) | Bancolombia SA<sup>(a)(c)</sup> (5 yr. CMT + 4.320%) | Bancolombia SA<sup>(a)(c)</sup> (5 yr. CMT + 4.320%) | Bancolombia SA<sup>(a)(c)</sup> (5 yr. CMT + 4.320%) |
| 690000 | 8.625% | 12/24/34 | $737396 |
| Bank Negara Indonesia Persero Tbk. PT<sup>(a)(c)</sup> (5 yr. CMT + 3.466%) | Bank Negara Indonesia Persero Tbk. PT<sup>(a)(c)</sup> (5 yr. CMT + 3.466%) | Bank Negara Indonesia Persero Tbk. PT<sup>(a)(c)</sup> (5 yr. CMT + 3.466%) | Bank Negara Indonesia Persero Tbk. PT<sup>(a)(c)</sup> (5 yr. CMT + 3.466%) |
| 520000 | 4.300 | 03/24/27 | 509184 |
| Barclays PLC<sup>(a)(c)</sup>  | Barclays PLC<sup>(a)(c)</sup>  | Barclays PLC<sup>(a)(c)</sup>  | Barclays PLC<sup>(a)(c)</sup>  |
| (5 yr. GBP SONIA Linked ICE Swap + 4.881%) | (5 yr. GBP SONIA Linked ICE Swap + 4.881%) | (5 yr. GBP SONIA Linked ICE Swap + 4.881%) | (5 yr. GBP SONIA Linked ICE Swap + 4.881%) |
| 3202000 | 8.500 | 06/15/30 | 4742928 |
| (5 yr. GBP SONIA Linked ICE Swap + 5.639%) | (5 yr. GBP SONIA Linked ICE Swap + 5.639%) | (5 yr. GBP SONIA Linked ICE Swap + 5.639%) | (5 yr. GBP SONIA Linked ICE Swap + 5.639%) |
| 1148000 | 9.250 | 09/15/28 | 1706338 |
| BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico<sup>(a)(c)</sup>  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico<sup>(a)(c)</sup>  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico<sup>(a)(c)</sup>  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico<sup>(a)(c)</sup>  |
| (5 yr. CMT + 4.214%) | (5 yr. CMT + 4.214%) | (5 yr. CMT + 4.214%) | (5 yr. CMT + 4.214%) |
| 1355000 | 8.125 <sup>(b)</sup> | 01/08/39 | 1476306 |
| (5 yr. CMT + 4.661%) | (5 yr. CMT + 4.661%) | (5 yr. CMT + 4.661%) | (5 yr. CMT + 4.661%) |
| 1350000 | 8.450 | 06/29/38 | 1501200 |
| CaixaBank SA<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.857%) | CaixaBank SA<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.857%) | CaixaBank SA<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.857%) | CaixaBank SA<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.857%) |
| 2400000 | 3.625 | 09/14/28 | 2788312 |
| Citigroup, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.001%) | Citigroup, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.001%) | Citigroup, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.001%) | Citigroup, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.001%) |
| 2080000 | 6.625 | 02/15/31 | 2116234 |
| Commerzbank AG<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 5.129%) | Commerzbank AG<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 5.129%) | Commerzbank AG<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 5.129%) | Commerzbank AG<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 5.129%) |
| 1600000 | 7.875 | 10/09/31 | 2164809 |
| Deutsche Bank AG<sup>(a)(c)</sup>  | Deutsche Bank AG<sup>(a)(c)</sup>  | Deutsche Bank AG<sup>(a)(c)</sup>  | Deutsche Bank AG<sup>(a)(c)</sup>  |
| (5 yr. EURIBOR ICE Swap + 5.692%) | (5 yr. EURIBOR ICE Swap + 5.692%) | (5 yr. EURIBOR ICE Swap + 5.692%) | (5 yr. EURIBOR ICE Swap + 5.692%) |
| 1600000 | 6.750 | 10/30/28 | 1996186 |
| (5 yr. EURIBOR ICE Swap + 6.940%) | (5 yr. EURIBOR ICE Swap + 6.940%) | (5 yr. EURIBOR ICE Swap + 6.940%) | (5 yr. EURIBOR ICE Swap + 6.940%) |
| 1200000 | 10.000 | 12/01/27 | 1566482 |
| Eurobank SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.790%) | Eurobank SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.790%) | Eurobank SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.790%) | Eurobank SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.790%) |
| 1924000 | 6.250 | 11/10/33 | 2292837 |
| Freedom Mortgage Corp.<sup>(a)(b)</sup>  | Freedom Mortgage Corp.<sup>(a)(b)</sup>  | Freedom Mortgage Corp.<sup>(a)(b)</sup>  | Freedom Mortgage Corp.<sup>(a)(b)</sup>  |
| 2220000 | 6.625 | 01/15/27 | 2219911 |
| Intesa Sanpaolo SpA<sup>(a)(c)</sup>  | Intesa Sanpaolo SpA<sup>(a)(c)</sup>  | Intesa Sanpaolo SpA<sup>(a)(c)</sup>  | Intesa Sanpaolo SpA<sup>(a)(c)</sup>  |
| (1 yr. CMT + 2.750%) | (1 yr. CMT + 2.750%) | (1 yr. CMT + 2.750%) | (1 yr. CMT + 2.750%) |
| 1760000 | 4.950 <sup>(b)</sup> | 06/01/42 | 1544699 |
| (-1X 5 yr. EUR Swap + 6.086%) | (-1X 5 yr. EUR Swap + 6.086%) | (-1X 5 yr. EUR Swap + 6.086%) | (-1X 5 yr. EUR Swap + 6.086%) |
| 1020000 | 5.875 | 09/01/31 | 1281830 |
| Jscb Agrobank | Jscb Agrobank | Jscb Agrobank | Jscb Agrobank |
| 450000 | 9.250 | 10/02/29 | 492890 |
| Metro Bank Holdings PLC<sup>(a)(b)(c)</sup> (1 yr. U.K. Government Bond + 7.814%) | Metro Bank Holdings PLC<sup>(a)(b)(c)</sup> (1 yr. U.K. Government Bond + 7.814%) | Metro Bank Holdings PLC<sup>(a)(b)(c)</sup> (1 yr. U.K. Government Bond + 7.814%) | Metro Bank Holdings PLC<sup>(a)(b)(c)</sup> (1 yr. U.K. Government Bond + 7.814%) |
| 820000 | 12.000 | 04/30/29 | 1282365 |
| NBK Tier 1 Ltd.<sup>(a)(c)</sup> (6 yr. CMT + 2.403%) | NBK Tier 1 Ltd.<sup>(a)(c)</sup> (6 yr. CMT + 2.403%) | NBK Tier 1 Ltd.<sup>(a)(c)</sup> (6 yr. CMT + 2.403%) | NBK Tier 1 Ltd.<sup>(a)(c)</sup> (6 yr. CMT + 2.403%) |
| 975000 | 6.375 | 01/10/31 | 993895 |
| OTP Bank Nyrt<sup>(a)(c)</sup> (5 yr. CMT + 2.861%) | OTP Bank Nyrt<sup>(a)(c)</sup> (5 yr. CMT + 2.861%) | OTP Bank Nyrt<sup>(a)(c)</sup> (5 yr. CMT + 2.861%) | OTP Bank Nyrt<sup>(a)(c)</sup> (5 yr. CMT + 2.861%) |
| 470000 | 7.300 | 07/30/35 | 493053 |
| Riyad Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.250%) | Riyad Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.250%) | Riyad Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.250%) | Riyad Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.250%) |
| 1270000 | 6.209 | 07/14/35 | 1290244 |
| Scotiabank Peru SAA<sup>(a)(c)</sup> (1 yr. CMT + 2.309%) | Scotiabank Peru SAA<sup>(a)(c)</sup> (1 yr. CMT + 2.309%) | Scotiabank Peru SAA<sup>(a)(c)</sup> (1 yr. CMT + 2.309%) | Scotiabank Peru SAA<sup>(a)(c)</sup> (1 yr. CMT + 2.309%) |
| 480000 | 6.100 | 10/01/35 | 497292 |
| SNB Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 1.850%) | SNB Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 1.850%) | SNB Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 1.850%) | SNB Sukuk Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 1.850%) |
| 1035000 | 5.938 | 07/18/36 | 1051653 |
| Societe Generale SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 5.228%) | Societe Generale SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 5.228%) | Societe Generale SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 5.228%) | Societe Generale SA<sup>(a)(c)</sup> (5 yr. EUR Swap + 5.228%) |
| 2300000 | 7.875 | 01/18/29 | 2975843 |
| Societe Generale SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.779%) | Societe Generale SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.779%) | Societe Generale SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.779%) | Societe Generale SA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.779%) |
| 1100000 | 6.125 | 03/17/32 | 1346339 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
|  Standard Chartered PLC<sup>(a)(c)</sup> (5 yr. CMT + 3.805%) | Standard Chartered PLC<sup>(a)(c)</sup> (5 yr. CMT + 3.805%) | Standard Chartered PLC<sup>(a)(c)</sup> (5 yr. CMT + 3.805%) | Standard Chartered PLC<sup>(a)(c)</sup> (5 yr. CMT + 3.805%) | Standard Chartered PLC<sup>(a)(c)</sup> (5 yr. CMT + 3.805%) |
|  $ | 535000 | 4.750% | 01/14/31 | $507597 |
|  UBS Group AG<sup>(a)(b)(c)</sup> (5 yr. USD SOFR ICE Swap + 3.179%) | UBS Group AG<sup>(a)(b)(c)</sup> (5 yr. USD SOFR ICE Swap + 3.179%) | UBS Group AG<sup>(a)(b)(c)</sup> (5 yr. USD SOFR ICE Swap + 3.179%) | UBS Group AG<sup>(a)(b)(c)</sup> (5 yr. USD SOFR ICE Swap + 3.179%) | UBS Group AG<sup>(a)(b)(c)</sup> (5 yr. USD SOFR ICE Swap + 3.179%) |
|  | 2450000 | 7.125 | 08/10/34 | 2507379 |
|  UniCredit SpA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.299%) | UniCredit SpA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.299%) | UniCredit SpA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.299%) | UniCredit SpA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.299%) | UniCredit SpA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 3.299%) |
|  EUR | 1146000 | 5.625 | 12/03/32 | 1379126 |
|  UniCredit SpA<sup>(a)(b)(c)</sup> (5 yr. USD ICE Swap + 3.703%) | UniCredit SpA<sup>(a)(b)(c)</sup> (5 yr. USD ICE Swap + 3.703%) | UniCredit SpA<sup>(a)(b)(c)</sup> (5 yr. USD ICE Swap + 3.703%) | UniCredit SpA<sup>(a)(b)(c)</sup> (5 yr. USD ICE Swap + 3.703%) | UniCredit SpA<sup>(a)(b)(c)</sup> (5 yr. USD ICE Swap + 3.703%) |
|  $ | 1200000 | 5.861 | 06/19/32 | 1219836 |
|  |  |  |  | 54692742 |
|  **Biotechnology<sup>(a)</sup> – 0.3%** | **Biotechnology<sup>(a)</sup> – 0.3%** | **Biotechnology<sup>(a)</sup> – 0.3%** | **Biotechnology<sup>(a)</sup> – 0.3%** | **Biotechnology<sup>(a)</sup> – 0.3%** |
|  Biocon Biologics Global PLC<sup>(b)</sup>  | Biocon Biologics Global PLC<sup>(b)</sup>  | Biocon Biologics Global PLC<sup>(b)</sup>  | Biocon Biologics Global PLC<sup>(b)</sup>  | Biocon Biologics Global PLC<sup>(b)</sup>  |
|  | 2266000 | 6.670 | 10/09/29 | 2295458 |
|  Cidron Aida Finco SARL | Cidron Aida Finco SARL | Cidron Aida Finco SARL | Cidron Aida Finco SARL | Cidron Aida Finco SARL |
|  EUR | 2060000 | 7.000 | 10/27/31 | 2494734 |
|  GBP | 1220000 | 9.125 | 10/27/31 | 1719469 |
|  |  |  |  | 6509661 |
|  **Building Materials<sup>(a)(b)</sup> – 1.0%** | **Building Materials<sup>(a)(b)</sup> – 1.0%** | **Building Materials<sup>(a)(b)</sup> – 1.0%** | **Building Materials<sup>(a)(b)</sup> – 1.0%** | **Building Materials<sup>(a)(b)</sup> – 1.0%** |
|  AmeriTex HoldCo Intermediate LLC | AmeriTex HoldCo Intermediate LLC | AmeriTex HoldCo Intermediate LLC | AmeriTex HoldCo Intermediate LLC | AmeriTex HoldCo Intermediate LLC |
|  $ | 1984000 | 7.625 | 08/15/33 | 2086950 |
|  Builders FirstSource, Inc. | Builders FirstSource, Inc. | Builders FirstSource, Inc. | Builders FirstSource, Inc. | Builders FirstSource, Inc. |
|  | 1607000 | 6.375 | 03/01/34 | 1663631 |
|  CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. |
|  | 1696000 | 9.750 | 07/15/30 | 1764128 |
|  (PIK 5.750%, Cash 7.000%) | (PIK 5.750%, Cash 7.000%) | (PIK 5.750%, Cash 7.000%) | (PIK 5.750%, Cash 7.000%) | (PIK 5.750%, Cash 7.000%) |
|  | 1356234 | 12.750 <sup>(d)</sup> | 01/15/31 | 1249078 |
|  EMRLD Borrower LP/Emerald Co-Issuer, Inc. | EMRLD Borrower LP/Emerald Co-Issuer, Inc. | EMRLD Borrower LP/Emerald Co-Issuer, Inc. | EMRLD Borrower LP/Emerald Co-Issuer, Inc. | EMRLD Borrower LP/Emerald Co-Issuer, Inc. |
|  | 2542000 | 6.625 | 12/15/30 | 2635139 |
|  JH North America Holdings, Inc. | JH North America Holdings, Inc. | JH North America Holdings, Inc. | JH North America Holdings, Inc. | JH North America Holdings, Inc. |
|  | 1310000 | 6.125 | 07/31/32 | 1337458 |
|  Quikrete Holdings, Inc. | Quikrete Holdings, Inc. | Quikrete Holdings, Inc. | Quikrete Holdings, Inc. | Quikrete Holdings, Inc. |
|  | 1270000 | 6.375 | 03/01/32 | 1317206 |
|  | 725000 | 6.750 | 03/01/33 | 752506 |
|  Smyrna Ready Mix Concrete LLC | Smyrna Ready Mix Concrete LLC | Smyrna Ready Mix Concrete LLC | Smyrna Ready Mix Concrete LLC | Smyrna Ready Mix Concrete LLC |
|  | 1175000 | 8.875 | 11/15/31 | 1253713 |
|  Standard Building Solutions, Inc. | Standard Building Solutions, Inc. | Standard Building Solutions, Inc. | Standard Building Solutions, Inc. | Standard Building Solutions, Inc. |
|  | 800000 | 6.500 | 08/15/32 | 825096 |
|  Standard Industries, Inc. | Standard Industries, Inc. | Standard Industries, Inc. | Standard Industries, Inc. | Standard Industries, Inc. |
|  | 1730000 | 4.375 | 07/15/30 | 1670695 |
|  Wilsonart LLC | Wilsonart LLC | Wilsonart LLC | Wilsonart LLC | Wilsonart LLC |
|  | 3081000 | 11.000 | 08/15/32 | 2808609 |
|  |  |  |  | 19364209 |
|  **Chemicals<sup>(a)</sup> – 1.6%** | **Chemicals<sup>(a)</sup> – 1.6%** | **Chemicals<sup>(a)</sup> – 1.6%** | **Chemicals<sup>(a)</sup> – 1.6%** | **Chemicals<sup>(a)</sup> – 1.6%** |
|  ASP Unifrax Holdings, Inc.<sup>(b)(d)</sup> (PIK 1.250%, Cash 5.850%) | ASP Unifrax Holdings, Inc.<sup>(b)(d)</sup> (PIK 1.250%, Cash 5.850%) | ASP Unifrax Holdings, Inc.<sup>(b)(d)</sup> (PIK 1.250%, Cash 5.850%) | ASP Unifrax Holdings, Inc.<sup>(b)(d)</sup> (PIK 1.250%, Cash 5.850%) | ASP Unifrax Holdings, Inc.<sup>(b)(d)</sup> (PIK 1.250%, Cash 5.850%) |
|  | 2478806 | 7.100 | 09/30/29 | 179714 |
|  Avient Corp.<sup>(b)</sup>  | Avient Corp.<sup>(b)</sup>  | Avient Corp.<sup>(b)</sup>  | Avient Corp.<sup>(b)</sup>  | Avient Corp.<sup>(b)</sup>  |
|  | 1619000 | 6.250 | 11/01/31 | 1664170 |
|  Axalta Coating Systems Dutch Holding B BV<sup>(b)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(b)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(b)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(b)</sup>  | Axalta Coating Systems Dutch Holding B BV<sup>(b)</sup>  |
|  | 2595000 | 7.250 | 02/15/31 | 2732276 |
|  Axalta Coating Systems LLC<sup>(b)</sup>  | Axalta Coating Systems LLC<sup>(b)</sup>  | Axalta Coating Systems LLC<sup>(b)</sup>  | Axalta Coating Systems LLC<sup>(b)</sup>  | Axalta Coating Systems LLC<sup>(b)</sup>  |
|  | 5000 | 3.375 | 02/15/29 | 4812 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Chemicals<sup>(a)</sup> – (continued)** | **Chemicals<sup>(a)</sup> – (continued)** | **Chemicals<sup>(a)</sup> – (continued)** | **Chemicals<sup>(a)</sup> – (continued)** |
| Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding BBV<sup>(b)</sup>  | Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding BBV<sup>(b)</sup>  | Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding BBV<sup>(b)</sup>  | Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding BBV<sup>(b)</sup>  |
| 2456000 | 4.750% | 06/15/27 | $2450179 |
| Celanese U.S. Holdings LLC | Celanese U.S. Holdings LLC | Celanese U.S. Holdings LLC | Celanese U.S. Holdings LLC |
| 1324000 | 6.750 | 04/15/33 | 1340934 |
| 1480000 | 7.375 | 02/15/34 | 1506625 |
| Cerdia Finanz GmbH<sup>(b)</sup>  | Cerdia Finanz GmbH<sup>(b)</sup>  | Cerdia Finanz GmbH<sup>(b)</sup>  | Cerdia Finanz GmbH<sup>(b)</sup>  |
| 3280000 | 9.375 | 10/03/31 | 3366690 |
| Chemours Co.<sup>(b)</sup>  | Chemours Co.<sup>(b)</sup>  | Chemours Co.<sup>(b)</sup>  | Chemours Co.<sup>(b)</sup>  |
| 817000 | 5.750 | 11/15/28 | 810766 |
| 540000 | 4.625 | 11/15/29 | 503750 |
| Cornerstone Chemical Co. LLC<sup>(b)(d)(e)</sup>  | Cornerstone Chemical Co. LLC<sup>(b)(d)(e)</sup>  | Cornerstone Chemical Co. LLC<sup>(b)(d)(e)</sup>  | Cornerstone Chemical Co. LLC<sup>(b)(d)(e)</sup>  |
| 2946179 | 10.000 | 05/07/29 | 2946179 |
| FMC Corp.<sup>(c)</sup> (5 yr. CMT + 4.366%) | FMC Corp.<sup>(c)</sup> (5 yr. CMT + 4.366%) | FMC Corp.<sup>(c)</sup> (5 yr. CMT + 4.366%) | FMC Corp.<sup>(c)</sup> (5 yr. CMT + 4.366%) |
| 1316000 | 8.450 | 11/01/55 | 1060301 |
| INEOS Finance PLC<sup>(b)</sup>  | INEOS Finance PLC<sup>(b)</sup>  | INEOS Finance PLC<sup>(b)</sup>  | INEOS Finance PLC<sup>(b)</sup>  |
| 270000 | 5.625 | 08/15/30 | 259985 |
| Innophos Holdings, Inc.<sup>(b)</sup>  | Innophos Holdings, Inc.<sup>(b)</sup>  | Innophos Holdings, Inc.<sup>(b)</sup>  | Innophos Holdings, Inc.<sup>(b)</sup>  |
| 1121500 | 11.500 | 06/15/29 | 1107515 |
| Itelyum Regeneration SpA<sup>(b)</sup>  | Itelyum Regeneration SpA<sup>(b)</sup>  | Itelyum Regeneration SpA<sup>(b)</sup>  | Itelyum Regeneration SpA<sup>(b)</sup>  |
| 996000 | 5.750 | 04/15/30 | 1198731 |
| Rain Carbon, Inc.<sup>(b)</sup>  | Rain Carbon, Inc.<sup>(b)</sup>  | Rain Carbon, Inc.<sup>(b)</sup>  | Rain Carbon, Inc.<sup>(b)</sup>  |
| 1155000 | 12.250 | 09/01/29 | 1229059 |
| SCIH Salt Holdings, Inc.<sup>(b)</sup>  | SCIH Salt Holdings, Inc.<sup>(b)</sup>  | SCIH Salt Holdings, Inc.<sup>(b)</sup>  | SCIH Salt Holdings, Inc.<sup>(b)</sup>  |
| 2687000 | 4.875 | 05/01/28 | 2676601 |
| 318000 | 6.625 | 05/01/29 | 318006 |
| Solstice Advanced Materials, Inc.<sup>(b)</sup>  | Solstice Advanced Materials, Inc.<sup>(b)</sup>  | Solstice Advanced Materials, Inc.<sup>(b)</sup>  | Solstice Advanced Materials, Inc.<sup>(b)</sup>  |
| 985000 | 5.625 | 09/30/33 | 990270 |
| Tronox, Inc.<sup>(b)</sup>  | Tronox, Inc.<sup>(b)</sup>  | Tronox, Inc.<sup>(b)</sup>  | Tronox, Inc.<sup>(b)</sup>  |
| 3236000 | 4.625 | 03/15/29 | 2485280 |
| 725000 | 9.125 | 09/30/30 | 718446 |
| WR Grace Holdings LLC<sup>(b)</sup>  | WR Grace Holdings LLC<sup>(b)</sup>  | WR Grace Holdings LLC<sup>(b)</sup>  | WR Grace Holdings LLC<sup>(b)</sup>  |
| 668000 | 4.875 | 06/15/27 | 668000 |
| 693000 | 5.625 | 08/15/29 | 662806 |
| 666000 | 6.625 | 08/15/32 | 662763 |
|  |  |  | 31543858 |
| **Commercial Services<sup>(a)</sup> – 2.1%** | **Commercial Services<sup>(a)</sup> – 2.1%** | **Commercial Services<sup>(a)</sup> – 2.1%** | **Commercial Services<sup>(a)</sup> – 2.1%** |
| Aegis Lux 1a SARL<sup>(b)(d)</sup>  | Aegis Lux 1a SARL<sup>(b)(d)</sup>  | Aegis Lux 1a SARL<sup>(b)(d)</sup>  | Aegis Lux 1a SARL<sup>(b)(d)</sup>  |
| 1000000 | 5.625 | 10/29/31 | 1199728 |
| Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(b)</sup>  | Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(b)</sup>  | Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(b)</sup>  | Albion Financing 1 SARL/Aggreko Holdings, Inc.<sup>(b)</sup>  |
| 1587000 | 5.375 | 05/21/30 | 1942362 |
| Allied Universal Holdco LLC<sup>(b)</sup>  | Allied Universal Holdco LLC<sup>(b)</sup>  | Allied Universal Holdco LLC<sup>(b)</sup>  | Allied Universal Holdco LLC<sup>(b)</sup>  |
| 1200000 | 7.875 | 02/15/31 | 1260876 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(b)</sup>  | Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(b)</sup>  | Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(b)</sup>  | Allied Universal Holdco LLC/Allied Universal Finance Corp.<sup>(b)</sup>  |
| 115000 | 6.875 | 06/15/30 | 119422 |
| Amber Finco PLC<sup>(b)</sup>  | Amber Finco PLC<sup>(b)</sup>  | Amber Finco PLC<sup>(b)</sup>  | Amber Finco PLC<sup>(b)</sup>  |
| 1235000 | 6.625 | 07/15/29 | 1531554 |
| Avis Budget Finance PLC | Avis Budget Finance PLC | Avis Budget Finance PLC | Avis Budget Finance PLC |
| 1500000 | 7.250 | 07/31/30 | 1822759 |
| Belron U.K. Finance PLC<sup>(b)</sup>  | Belron U.K. Finance PLC<sup>(b)</sup>  | Belron U.K. Finance PLC<sup>(b)</sup>  | Belron U.K. Finance PLC<sup>(b)</sup>  |
| 2370000 | 4.625 | 10/15/29 | 2892883 |
| Boels Topholding BV<sup>(b)</sup>  | Boels Topholding BV<sup>(b)</sup>  | Boels Topholding BV<sup>(b)</sup>  | Boels Topholding BV<sup>(b)</sup>  |
| 1228000 | 5.750 | 05/15/30 | 1500820 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Commercial Services<sup>(a)</sup> – (continued)** | **Commercial Services<sup>(a)</sup> – (continued)** | **Commercial Services<sup>(a)</sup> – (continued)** | **Commercial Services<sup>(a)</sup> – (continued)** |
| Currenta Group Holdings SARL<sup>(b)</sup>  | Currenta Group Holdings SARL<sup>(b)</sup>  | Currenta Group Holdings SARL<sup>(b)</sup>  | Currenta Group Holdings SARL<sup>(b)</sup>  |
| 535000 | 5.500% | 05/15/30 | $648729 |
| Garda World Security Corp.<sup>(b)</sup>  | Garda World Security Corp.<sup>(b)</sup>  | Garda World Security Corp.<sup>(b)</sup>  | Garda World Security Corp.<sup>(b)</sup>  |
| 1594000 | 8.375 | 11/15/32 | 1635731 |
| ION Platform Finance SARL<sup>(b)</sup>  | ION Platform Finance SARL<sup>(b)</sup>  | ION Platform Finance SARL<sup>(b)</sup>  | ION Platform Finance SARL<sup>(b)</sup>  |
| 300000 | 7.875 | 05/01/29 | 346690 |
| 700000 | 6.500 | 09/30/30 | 758229 |
| Kapla Holding SAS<sup>(b)</sup>  | Kapla Holding SAS<sup>(b)</sup>  | Kapla Holding SAS<sup>(b)</sup>  | Kapla Holding SAS<sup>(b)</sup>  |
| 1500000 | 5.000 | 04/30/31 | 1803166 |
| Korn Ferry<sup>(b)</sup>  | Korn Ferry<sup>(b)</sup>  | Korn Ferry<sup>(b)</sup>  | Korn Ferry<sup>(b)</sup>  |
| 1305000 | 4.625 | 12/15/27 | 1302977 |
| Loxam SAS<sup>(b)</sup>  | Loxam SAS<sup>(b)</sup>  | Loxam SAS<sup>(b)</sup>  | Loxam SAS<sup>(b)</sup>  |
| 1255000 | 4.250 | 02/15/31 | 1495513 |
| Paysafe Finance PLC/Paysafe Holdings U.S. Corp. | Paysafe Finance PLC/Paysafe Holdings U.S. Corp. | Paysafe Finance PLC/Paysafe Holdings U.S. Corp. | Paysafe Finance PLC/Paysafe Holdings U.S. Corp. |
| 500000 | 3.000 <sup>(b)</sup> | 06/15/29 | 551027 |
| 256000 | 3.000 | 06/15/29 | 282126 |
| Q-Park Holding I BV<sup>(b)</sup>  | Q-Park Holding I BV<sup>(b)</sup>  | Q-Park Holding I BV<sup>(b)</sup>  | Q-Park Holding I BV<sup>(b)</sup>  |
| 735000 | 4.250 | 09/01/30 | 881469 |
| 539000 | 3.875 | 09/01/31 | 637140 |
| Raven Acquisition Holdings LLC<sup>(b)</sup>  | Raven Acquisition Holdings LLC<sup>(b)</sup>  | Raven Acquisition Holdings LLC<sup>(b)</sup>  | Raven Acquisition Holdings LLC<sup>(b)</sup>  |
| 1620000 | 6.875 | 11/15/31 | 1624066 |
| Sabre Financial Borrower LLC<sup>(b)</sup>  | Sabre Financial Borrower LLC<sup>(b)</sup>  | Sabre Financial Borrower LLC<sup>(b)</sup>  | Sabre Financial Borrower LLC<sup>(b)</sup>  |
| 3115000 | 11.125 | 06/15/29 | 3146929 |
| Service Corp. International | Service Corp. International | Service Corp. International | Service Corp. International |
| 1745000 | 5.750 | 10/15/32 | 1774839 |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.<sup>(b)</sup>  | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.<sup>(b)</sup>  | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.<sup>(b)</sup>  | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.<sup>(b)</sup>  |
| 2465000 | 6.750 | 08/15/32 | 2514645 |
| 1756000 | 5.500 | 05/15/33 | 2120002 |
| StoneMor, Inc.<sup>(b)</sup>  | StoneMor, Inc.<sup>(b)</sup>  | StoneMor, Inc.<sup>(b)</sup>  | StoneMor, Inc.<sup>(b)</sup>  |
| 975000 | 8.500 | 05/15/29 | 955412 |
| Techem Verwaltungsgesellschaft 675 GmbH<sup>(b)</sup>  | Techem Verwaltungsgesellschaft 675 GmbH<sup>(b)</sup>  | Techem Verwaltungsgesellschaft 675 GmbH<sup>(b)</sup>  | Techem Verwaltungsgesellschaft 675 GmbH<sup>(b)</sup>  |
| 987000 | 5.375 | 07/15/29 | 1204664 |
| 745000 | 4.625 | 07/15/32 | 888728 |
| United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. | United Rentals North America, Inc. |
| 750000 | 4.875 | 01/15/28 | 750060 |
| 595000 | 4.000 | 07/15/30 | 575270 |
| Verisure Holding AB<sup>(b)</sup>  | Verisure Holding AB<sup>(b)</sup>  | Verisure Holding AB<sup>(b)</sup>  | Verisure Holding AB<sup>(b)</sup>  |
| 2353000 | 5.500 | 05/15/30 | 2880416 |
| WEX, Inc.<sup>(b)</sup>  | WEX, Inc.<sup>(b)</sup>  | WEX, Inc.<sup>(b)</sup>  | WEX, Inc.<sup>(b)</sup>  |
| 265000 | 6.500 | 03/15/33 | 270764 |
| ZipRecruiter, Inc.<sup>(b)</sup>  | ZipRecruiter, Inc.<sup>(b)</sup>  | ZipRecruiter, Inc.<sup>(b)</sup>  | ZipRecruiter, Inc.<sup>(b)</sup>  |
| 125000 | 5.000 | 01/15/30 | 86735 |
|  |  |  | 41405731 |
| **Computers<sup>(a)(b)</sup> – 0.2%** | **Computers<sup>(a)(b)</sup> – 0.2%** | **Computers<sup>(a)(b)</sup> – 0.2%** | **Computers<sup>(a)(b)</sup> – 0.2%** |
| Lutech SpA | Lutech SpA | Lutech SpA | Lutech SpA |
| 500000 | 5.000 | 05/15/27 | 591786 |
| McAfee Corp. | McAfee Corp. | McAfee Corp. | McAfee Corp. |
| 1598000 | 7.375 | 02/15/30 | 1272248 |
| Science Applications International Corp. | Science Applications International Corp. | Science Applications International Corp. | Science Applications International Corp. |
| 1765000 | 4.875 | 04/01/28 | 1760287 |
|  |  |  | 3624321 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Cosmetics & Personal Care<sup>(a)</sup> – 0.2%** | **Cosmetics & Personal Care<sup>(a)</sup> – 0.2%** | **Cosmetics & Personal Care<sup>(a)</sup> – 0.2%** | **Cosmetics & Personal Care<sup>(a)</sup> – 0.2%** | **Cosmetics & Personal Care<sup>(a)</sup> – 0.2%** |
|  Opal Bidco SAS<sup>(b)</sup>  | Opal Bidco SAS<sup>(b)</sup>  | Opal Bidco SAS<sup>(b)</sup>  | Opal Bidco SAS<sup>(b)</sup>  | Opal Bidco SAS<sup>(b)</sup>  |
|  EUR | 3005000 | 5.500% | 03/31/32 | $3660428 |
|  Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. | Perrigo Finance Unlimited Co. |
|  $ | 700000 | 6.125 | 09/30/32 | 688443 |
|  |  |  |  | 4348871 |
|  **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** | **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** | **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** | **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** | **Distribution & Wholesale<sup>(a)(b)</sup> – 0.2%** |
|  American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc. | American Builders & Contractors Supply Co., Inc. |
|  | 3002000 | 4.000 | 01/15/28 | 2963604 |
|  **Diversified Financial Services – 2.8%** | **Diversified Financial Services – 2.8%** | **Diversified Financial Services – 2.8%** | **Diversified Financial Services – 2.8%** | **Diversified Financial Services – 2.8%** |
|  Arabian Centres Sukuk IV Ltd.<sup>(a)</sup>  | Arabian Centres Sukuk IV Ltd.<sup>(a)</sup>  | Arabian Centres Sukuk IV Ltd.<sup>(a)</sup>  | Arabian Centres Sukuk IV Ltd.<sup>(a)</sup>  | Arabian Centres Sukuk IV Ltd.<sup>(a)</sup>  |
|  | 766000 | 8.875 | 12/04/30 | 784824 |
|  Bread Financial Holdings, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 4.300%) | Bread Financial Holdings, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 4.300%) | Bread Financial Holdings, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 4.300%) | Bread Financial Holdings, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 4.300%) | Bread Financial Holdings, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 4.300%) |
|  | 1667000 | 8.375 | 06/15/35 | 1711109 |
|  CI Financial Corp.<sup>(a)(b)</sup>  | CI Financial Corp.<sup>(a)(b)</sup>  | CI Financial Corp.<sup>(a)(b)</sup>  | CI Financial Corp.<sup>(a)(b)</sup>  | CI Financial Corp.<sup>(a)(b)</sup>  |
|  | 2050000 | 7.500 | 05/30/29 | 2184808 |
|  Coinbase Global, Inc.<sup>(a)(b)</sup>  | Coinbase Global, Inc.<sup>(a)(b)</sup>  | Coinbase Global, Inc.<sup>(a)(b)</sup>  | Coinbase Global, Inc.<sup>(a)(b)</sup>  | Coinbase Global, Inc.<sup>(a)(b)</sup>  |
|  | 2095000 | 3.375 | 10/01/28 | 2000411 |
|  CrossCountry Intermediate HoldCo LLC<sup>(a)(b)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)(b)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)(b)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)(b)</sup>  | CrossCountry Intermediate HoldCo LLC<sup>(a)(b)</sup>  |
|  | 2876000 | 6.500 | 10/01/30 | 2919888 |
|  | 1785000 | 6.750 | 12/01/32 | 1799155 |
|  Encore Capital Group, Inc.<sup>(a)(b)</sup>  | Encore Capital Group, Inc.<sup>(a)(b)</sup>  | Encore Capital Group, Inc.<sup>(a)(b)</sup>  | Encore Capital Group, Inc.<sup>(a)(b)</sup>  | Encore Capital Group, Inc.<sup>(a)(b)</sup>  |
|  | 2255000 | 6.625 | 04/15/31 | 2276129 |
|  Finance of America Funding LLC<sup>(b)</sup>  | Finance of America Funding LLC<sup>(b)</sup>  | Finance of America Funding LLC<sup>(b)</sup>  | Finance of America Funding LLC<sup>(b)</sup>  | Finance of America Funding LLC<sup>(b)</sup>  |
|  | 796399 | 8.875 | 11/30/27 | 778576 |
|  | 775000 | 10.000 | 11/30/29 | 853855 |
|  Focus Financial Partners LLC<sup>(a)(b)</sup>  | Focus Financial Partners LLC<sup>(a)(b)</sup>  | Focus Financial Partners LLC<sup>(a)(b)</sup>  | Focus Financial Partners LLC<sup>(a)(b)</sup>  | Focus Financial Partners LLC<sup>(a)(b)</sup>  |
|  | 3130000 | 6.750 | 09/15/31 | 3204838 |
|  Freedom Funding Center LLC<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 12.000%) | Freedom Funding Center LLC<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 12.000%) | Freedom Funding Center LLC<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 12.000%) | Freedom Funding Center LLC<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 12.000%) | Freedom Funding Center LLC<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 12.000%) |
|  | 550000 | 12.000 | 10/01/37 | 590199 |
|  Freedom Mortgage Holdings LLC<sup>(a)(b)</sup>  | Freedom Mortgage Holdings LLC<sup>(a)(b)</sup>  | Freedom Mortgage Holdings LLC<sup>(a)(b)</sup>  | Freedom Mortgage Holdings LLC<sup>(a)(b)</sup>  | Freedom Mortgage Holdings LLC<sup>(a)(b)</sup>  |
|  | 1452000 | 9.250 | 02/01/29 | 1519852 |
|  | 944000 | 8.375 | 04/01/32 | 986980 |
|  | 2907000 | 7.875 | 04/01/33 | 2965431 |
|  Jefferies Finance LLC/JFIN Co-Issuer Corp.<sup>(a)(b)</sup>  | Jefferies Finance LLC/JFIN Co-Issuer Corp.<sup>(a)(b)</sup>  | Jefferies Finance LLC/JFIN Co-Issuer Corp.<sup>(a)(b)</sup>  | Jefferies Finance LLC/JFIN Co-Issuer Corp.<sup>(a)(b)</sup>  | Jefferies Finance LLC/JFIN Co-Issuer Corp.<sup>(a)(b)</sup>  |
|  | 4163000 | 5.000 | 08/15/28 | 4035571 |
|  | 820000 | 6.625 | 10/15/31 | 812710 |
|  Jerrold Finco PLC<sup>(a)</sup>  | Jerrold Finco PLC<sup>(a)</sup>  | Jerrold Finco PLC<sup>(a)</sup>  | Jerrold Finco PLC<sup>(a)</sup>  | Jerrold Finco PLC<sup>(a)</sup>  |
|  GBP | 1780000 | 7.500 | 06/15/31 | 2499405 |
|  | 575000 | 7.500 <sup>(b)</sup> | 06/15/31 | 807392 |
|  Kane Bidco Ltd.<sup>(a)(b)</sup>  | Kane Bidco Ltd.<sup>(a)(b)</sup>  | Kane Bidco Ltd.<sup>(a)(b)</sup>  | Kane Bidco Ltd.<sup>(a)(b)</sup>  | Kane Bidco Ltd.<sup>(a)(b)</sup>  |
|  | 1072000 | 7.750 | 07/15/31 | 1504350 |
|  Midcap Financial Issuer Trust<sup>(a)(b)</sup>  | Midcap Financial Issuer Trust<sup>(a)(b)</sup>  | Midcap Financial Issuer Trust<sup>(a)(b)</sup>  | Midcap Financial Issuer Trust<sup>(a)(b)</sup>  | Midcap Financial Issuer Trust<sup>(a)(b)</sup>  |
|  $ | 3143000 | 6.500 | 05/01/28 | 3147935 |
|  | 2565000 | 5.625 | 01/15/30 | 2541505 |
|  Muangthai Capital PCL | Muangthai Capital PCL | Muangthai Capital PCL | Muangthai Capital PCL | Muangthai Capital PCL |
|  | 480000 | 7.550 | 07/21/30 | 497568 |
|  Muthoot Finance Ltd.<sup>(b)</sup>  | Muthoot Finance Ltd.<sup>(b)</sup>  | Muthoot Finance Ltd.<sup>(b)</sup>  | Muthoot Finance Ltd.<sup>(b)</sup>  | Muthoot Finance Ltd.<sup>(b)</sup>  |
|  | 280000 | 5.750 | 08/04/30 | 279549 |
|  Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. | Navient Corp. |
|  | 1200000 | 5.625 | 08/01/33 | 1045716 |
|  OneMain Finance Corp.<sup>(a)</sup>  | OneMain Finance Corp.<sup>(a)</sup>  | OneMain Finance Corp.<sup>(a)</sup>  | OneMain Finance Corp.<sup>(a)</sup>  | OneMain Finance Corp.<sup>(a)</sup>  |
|  | 1337000 | 3.500 | 01/15/27 | 1320301 |
|  | 1805000 | 3.875 | 09/15/28 | 1755344 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** |
| OneMain Finance Corp.<sup>(a)</sup> – (continued) | OneMain Finance Corp.<sup>(a)</sup> – (continued) | OneMain Finance Corp.<sup>(a)</sup> – (continued) | OneMain Finance Corp.<sup>(a)</sup> – (continued) |
| 1565000 | 5.375% | 11/15/29 | $1560868 |
| 715000 | 4.000 | 09/15/30 | 670777 |
| 350000 | 7.500 | 05/15/31 | 366821 |
| 89000 | 6.750 | 09/15/33 | 90129 |
| Osaic Holdings, Inc.<sup>(a)(b)</sup>  | Osaic Holdings, Inc.<sup>(a)(b)</sup>  | Osaic Holdings, Inc.<sup>(a)(b)</sup>  | Osaic Holdings, Inc.<sup>(a)(b)</sup>  |
| 1311000 | 8.000 | 08/01/33 | 1359494 |
| PennyMac Financial Services, Inc.<sup>(a)(b)</sup>  | PennyMac Financial Services, Inc.<sup>(a)(b)</sup>  | PennyMac Financial Services, Inc.<sup>(a)(b)</sup>  | PennyMac Financial Services, Inc.<sup>(a)(b)</sup>  |
| 555000 | 4.250 | 02/15/29 | 533660 |
| 500000 | 5.750 | 09/15/31 | 494615 |
| Planet Financial Group LLC<sup>(a)(b)</sup>  | Planet Financial Group LLC<sup>(a)(b)</sup>  | Planet Financial Group LLC<sup>(a)(b)</sup>  | Planet Financial Group LLC<sup>(a)(b)</sup>  |
| 2643000 | 10.500 | 12/15/29 | 2743408 |
| PRA Group, Inc.<sup>(a)(b)</sup>  | PRA Group, Inc.<sup>(a)(b)</sup>  | PRA Group, Inc.<sup>(a)(b)</sup>  | PRA Group, Inc.<sup>(a)(b)</sup>  |
| 3216000 | 8.875 | 01/31/30 | 3237097 |
| Rocket Cos., Inc.<sup>(a)(b)</sup>  | Rocket Cos., Inc.<sup>(a)(b)</sup>  | Rocket Cos., Inc.<sup>(a)(b)</sup>  | Rocket Cos., Inc.<sup>(a)(b)</sup>  |
| 250000 | 6.125 | 08/01/30 | 256043 |
| 250000 | 6.375 | 08/01/33 | 259672 |
|  |  |  | 56395985 |
| **Electrical – 2.5%** | **Electrical – 2.5%** | **Electrical – 2.5%** | **Electrical – 2.5%** |
| Adani Electricity Mumbai Ltd. | Adani Electricity Mumbai Ltd. | Adani Electricity Mumbai Ltd. | Adani Electricity Mumbai Ltd. |
| 1605000 | 3.949 | 02/12/30 | 1504688 |
| AES Corp.<sup>(a)(c)</sup> (5 yr. CMT + 3.201%) | AES Corp.<sup>(a)(c)</sup> (5 yr. CMT + 3.201%) | AES Corp.<sup>(a)(c)</sup> (5 yr. CMT + 3.201%) | AES Corp.<sup>(a)(c)</sup> (5 yr. CMT + 3.201%) |
| 612000 | 7.600 | 01/15/55 | 620458 |
| Alpha Generation LLC<sup>(a)(b)</sup>  | Alpha Generation LLC<sup>(a)(b)</sup>  | Alpha Generation LLC<sup>(a)(b)</sup>  | Alpha Generation LLC<sup>(a)(b)</sup>  |
| 3025000 | 6.750 | 10/15/32 | 3136743 |
| Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy<sup>(a)</sup>  | Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy<sup>(a)</sup>  | Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy<sup>(a)</sup>  | Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy<sup>(a)</sup>  |
| 2127120 | 7.875 <sup>(b)</sup> | 02/15/39 | 2327580 |
| 462634 | 7.875 | 02/15/39 | 506232 |
| Calpine Corp.<sup>(a)(b)</sup>  | Calpine Corp.<sup>(a)(b)</sup>  | Calpine Corp.<sup>(a)(b)</sup>  | Calpine Corp.<sup>(a)(b)</sup>  |
| 1000000 | 5.125 | 03/15/28 | 999570 |
| Clearway Energy Operating LLC<sup>(a)(b)</sup>  | Clearway Energy Operating LLC<sup>(a)(b)</sup>  | Clearway Energy Operating LLC<sup>(a)(b)</sup>  | Clearway Energy Operating LLC<sup>(a)(b)</sup>  |
| 1345000 | 3.750 | 02/15/31 | 1259176 |
| Constellation Energy Generation LLC<sup>(a)(b)</sup>  | Constellation Energy Generation LLC<sup>(a)(b)</sup>  | Constellation Energy Generation LLC<sup>(a)(b)</sup>  | Constellation Energy Generation LLC<sup>(a)(b)</sup>  |
| 1080000 | 4.625 | 02/01/29 | 1080248 |
| Continuum Green Energy India Pvt/Co-Issuers<sup>(a)</sup>  | Continuum Green Energy India Pvt/Co-Issuers<sup>(a)</sup>  | Continuum Green Energy India Pvt/Co-Issuers<sup>(a)</sup>  | Continuum Green Energy India Pvt/Co-Issuers<sup>(a)</sup>  |
| 235187 | 7.500 | 06/26/33 | 245418 |
| EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA<sup>(a)(b)</sup> | EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA<sup>(a)(b)</sup> | EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA<sup>(a)(b)</sup> | EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA<sup>(a)(b)</sup> |
| 1229000 | 5.375 | 12/30/30 | 1145662 |
| EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU<sup>(a)(b)</sup>  | EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU<sup>(a)(b)</sup>  | EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU<sup>(a)(b)</sup>  | EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU<sup>(a)(b)</sup>  |
| 1229000 | 8.499 | 06/30/32 | 1277226 |
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple<sup>(a)</sup> | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple<sup>(a)</sup> | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple<sup>(a)</sup> | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple<sup>(a)</sup> |
| 945935 | 7.250 | 01/31/41 | 983876 |
| Limak Yenilenebilir Enerji AS<sup>(a)</sup>  | Limak Yenilenebilir Enerji AS<sup>(a)</sup>  | Limak Yenilenebilir Enerji AS<sup>(a)</sup>  | Limak Yenilenebilir Enerji AS<sup>(a)</sup>  |
| 990000 | 9.625 | 08/12/30 | 980100 |
| NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  | NRG Energy, Inc.<sup>(a)</sup>  |
| 1000000 | 5.750 | 01/15/28 | 1000560 |
| 5015000 | 3.625 <sup>(b)</sup> | 02/15/31 | 4691432 |
| 485000 | 6.250 <sup>(b)</sup> | 11/01/34 | 497401 |
| 750000 | 6.000 <sup>(b)</sup> | 01/15/36 | 757538 |
| Pattern Energy Operations LP/Pattern Energy Operations, Inc.<sup>(a)(b)</sup>  | Pattern Energy Operations LP/Pattern Energy Operations, Inc.<sup>(a)(b)</sup>  | Pattern Energy Operations LP/Pattern Energy Operations, Inc.<sup>(a)(b)</sup>  | Pattern Energy Operations LP/Pattern Energy Operations, Inc.<sup>(a)(b)</sup>  |
| 2000000 | 4.500 | 08/15/28 | 1980260 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electrical – (continued)** | **Electrical – (continued)** | **Electrical – (continued)** | **Electrical – (continued)** |
| PG&E Corp.<sup>(a)</sup>  | PG&E Corp.<sup>(a)</sup>  | PG&E Corp.<sup>(a)</sup>  | PG&E Corp.<sup>(a)</sup>  |
| 1300000 | 5.250% | 07/01/30 | $1291862 |
| (5 yr. CMT + 3.883%) | (5 yr. CMT + 3.883%) | (5 yr. CMT + 3.883%) | (5 yr. CMT + 3.883%) |
| 2408000 | 7.375 <sup>(c)</sup> | 03/15/55 | 2483900 |
| Saavi Energia SARL<sup>(a)</sup>  | Saavi Energia SARL<sup>(a)</sup>  | Saavi Energia SARL<sup>(a)</sup>  | Saavi Energia SARL<sup>(a)</sup>  |
| 1784000 | 8.875 <sup>(b)</sup> | 02/10/35 | 1931448 |
| 695000 | 8.875 | 02/10/35 | 752442 |
| SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL<sup>(a)</sup>  | SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL<sup>(a)</sup>  | SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL<sup>(a)</sup>  | SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL<sup>(a)</sup>  |
| 980096 | 7.800 | 07/31/31 | 1014889 |
| Threelands Energy Ltd. SARL<sup>(a)</sup>  | Threelands Energy Ltd. SARL<sup>(a)</sup>  | Threelands Energy Ltd. SARL<sup>(a)</sup>  | Threelands Energy Ltd. SARL<sup>(a)</sup>  |
| 765000 | 7.450 | 10/20/35 | 775442 |
| TXNM Energy, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 3.254%) | TXNM Energy, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 3.254%) | TXNM Energy, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 3.254%) | TXNM Energy, Inc.<sup>(a)(b)(c)</sup> (5 yr. CMT + 3.254%) |
| 1795000 | 7.000 | 07/31/56 | 1813776 |
| Vistra Corp.<sup>(a)(b)(c)</sup> (5 yr. CMT + 5.740%) | Vistra Corp.<sup>(a)(b)(c)</sup> (5 yr. CMT + 5.740%) | Vistra Corp.<sup>(a)(b)(c)</sup> (5 yr. CMT + 5.740%) | Vistra Corp.<sup>(a)(b)(c)</sup> (5 yr. CMT + 5.740%) |
| 1395000 | 7.000 | 12/15/26 | 1415590 |
| Vistra Operations Co. LLC<sup>(a)(b)</sup>  | Vistra Operations Co. LLC<sup>(a)(b)</sup>  | Vistra Operations Co. LLC<sup>(a)(b)</sup>  | Vistra Operations Co. LLC<sup>(a)(b)</sup>  |
| 2750000 | 5.000 | 07/31/27 | 2751788 |
| 1970000 | 4.375 | 05/01/29 | 1946754 |
| 29000 | 4.300 | 07/15/29 | 28854 |
| 800000 | 7.750 | 10/15/31 | 846928 |
| 1355000 | 6.875 | 04/15/32 | 1424268 |
| VoltaGrid LLC<sup>(a)(b)</sup>  | VoltaGrid LLC<sup>(a)(b)</sup>  | VoltaGrid LLC<sup>(a)(b)</sup>  | VoltaGrid LLC<sup>(a)(b)</sup>  |
| 2920000 | 7.375 | 11/01/30 | 2959040 |
| XPLR Infrastructure Operating Partners LP<sup>(a)(b)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)(b)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)(b)</sup>  | XPLR Infrastructure Operating Partners LP<sup>(a)(b)</sup>  |
| 1741000 | 8.375 | 01/15/31 | 1828398 |
| 2516000 | 8.625 | 03/15/33 | 2640089 |
|  |  |  | 50899636 |
| **Electronics<sup>(a)(b)</sup> – 0.1%** | **Electronics<sup>(a)(b)</sup> – 0.1%** | **Electronics<sup>(a)(b)</sup> – 0.1%** | **Electronics<sup>(a)(b)</sup> – 0.1%** |
| Coherent Corp. | Coherent Corp. | Coherent Corp. | Coherent Corp. |
| 675000 | 5.000 | 12/15/29 | 672664 |
| Sensata Technologies BV | Sensata Technologies BV | Sensata Technologies BV | Sensata Technologies BV |
| 1279000 | 4.000 | 04/15/29 | 1251911 |
|  |  |  | 1924575 |
| **Energy-Alternate Sources<sup>(a)</sup> – 0.4%** | **Energy-Alternate Sources<sup>(a)</sup> – 0.4%** | **Energy-Alternate Sources<sup>(a)</sup> – 0.4%** | **Energy-Alternate Sources<sup>(a)</sup> – 0.4%** |
| Cullinan Holdco SCSp<sup>(b)</sup>  | Cullinan Holdco SCSp<sup>(b)</sup>  | Cullinan Holdco SCSp<sup>(b)</sup>  | Cullinan Holdco SCSp<sup>(b)</sup>  |
| 890497 | 8.500 | 10/15/29 | 923902 |
| FS Luxembourg SARL<sup>(b)</sup>  | FS Luxembourg SARL<sup>(b)</sup>  | FS Luxembourg SARL<sup>(b)</sup>  | FS Luxembourg SARL<sup>(b)</sup>  |
| 2406000 | 8.625 | 06/25/33 | 2485061 |
| Greenko Wind Projects Mauritius Ltd. | Greenko Wind Projects Mauritius Ltd. | Greenko Wind Projects Mauritius Ltd. | Greenko Wind Projects Mauritius Ltd. |
| 480000 | 7.250 | 09/27/28 | 490450 |
| TerraForm Power Operating LLC<sup>(b)</sup>  | TerraForm Power Operating LLC<sup>(b)</sup>  | TerraForm Power Operating LLC<sup>(b)</sup>  | TerraForm Power Operating LLC<sup>(b)</sup>  |
| 2602000 | 5.000 | 01/31/28 | 2605252 |
| 1250000 | 4.750 | 01/15/30 | 1213013 |
|  |  |  | 7717678 |
| **Engineering & Construction<sup>(a)</sup> – 0.1%** | **Engineering & Construction<sup>(a)</sup> – 0.1%** | **Engineering & Construction<sup>(a)</sup> – 0.1%** | **Engineering & Construction<sup>(a)</sup> – 0.1%** |
| Artera Services LLC<sup>(b)</sup>  | Artera Services LLC<sup>(b)</sup>  | Artera Services LLC<sup>(b)</sup>  | Artera Services LLC<sup>(b)</sup>  |
| 953000 | 8.500 | 02/15/31 | 774436 |
| Assemblin Caverion Group AB<sup>(b)</sup>  | Assemblin Caverion Group AB<sup>(b)</sup>  | Assemblin Caverion Group AB<sup>(b)</sup>  | Assemblin Caverion Group AB<sup>(b)</sup>  |
| 944000 | 6.250 | 07/01/30 | 1165027 |
| (3 mo. EUR EURIBOR + 3.500%) | (3 mo. EUR EURIBOR + 3.500%) | (3 mo. EUR EURIBOR + 3.500%) | (3 mo. EUR EURIBOR + 3.500%) |
| 246000 | 5.526 <sup>(c)</sup> | 07/01/31 | 293503 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Engineering & Construction<sup>(a)</sup> – (continued)** | **Engineering & Construction<sup>(a)</sup> – (continued)** | **Engineering & Construction<sup>(a)</sup> – (continued)** | **Engineering & Construction<sup>(a)</sup> – (continued)** | **Engineering & Construction<sup>(a)</sup> – (continued)** |
|  IHS Holding Ltd. | IHS Holding Ltd. | IHS Holding Ltd. | IHS Holding Ltd. | IHS Holding Ltd. |
|  $ | 495000 | 6.250% | 11/29/28 | $492525 |
|  |  |  |  | 2725491 |
|  **Entertainment<sup>(a)</sup> – 1.9%** | **Entertainment<sup>(a)</sup> – 1.9%** | **Entertainment<sup>(a)</sup> – 1.9%** | **Entertainment<sup>(a)</sup> – 1.9%** | **Entertainment<sup>(a)</sup> – 1.9%** |
|  888 Acquisitions Ltd.<sup>(b)</sup>  | 888 Acquisitions Ltd.<sup>(b)</sup>  | 888 Acquisitions Ltd.<sup>(b)</sup>  | 888 Acquisitions Ltd.<sup>(b)</sup>  | 888 Acquisitions Ltd.<sup>(b)</sup>  |
|  EUR | 1153000 | 8.000 | 09/30/31 | 1182859 |
|  Allwyn Entertainment Financing U.K. PLC<sup>(b)</sup>  | Allwyn Entertainment Financing U.K. PLC<sup>(b)</sup>  | Allwyn Entertainment Financing U.K. PLC<sup>(b)</sup>  | Allwyn Entertainment Financing U.K. PLC<sup>(b)</sup>  | Allwyn Entertainment Financing U.K. PLC<sup>(b)</sup>  |
|  | 1978000 | 4.125 | 02/15/31 | 2287428 |
|  Banijay Entertainment SAS<sup>(b)</sup>  | Banijay Entertainment SAS<sup>(b)</sup>  | Banijay Entertainment SAS<sup>(b)</sup>  | Banijay Entertainment SAS<sup>(b)</sup>  | Banijay Entertainment SAS<sup>(b)</sup>  |
|  | 1237000 | 7.000 | 05/01/29 | 1520808 |
|  Boyne USA, Inc.<sup>(b)</sup>  | Boyne USA, Inc.<sup>(b)</sup>  | Boyne USA, Inc.<sup>(b)</sup>  | Boyne USA, Inc.<sup>(b)</sup>  | Boyne USA, Inc.<sup>(b)</sup>  |
|  $ | 2601000 | 4.750 | 05/15/29 | 2567421 |
|  Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  | Caesars Entertainment, Inc.<sup>(b)</sup>  |
|  | 600000 | 7.000 | 02/15/30 | 619728 |
|  Churchill Downs, Inc.<sup>(b)</sup>  | Churchill Downs, Inc.<sup>(b)</sup>  | Churchill Downs, Inc.<sup>(b)</sup>  | Churchill Downs, Inc.<sup>(b)</sup>  | Churchill Downs, Inc.<sup>(b)</sup>  |
|  | 247000 | 4.750 | 01/15/28 | 246173 |
|  Cirsa Finance International SARL<sup>(b)</sup>  | Cirsa Finance International SARL<sup>(b)</sup>  | Cirsa Finance International SARL<sup>(b)</sup>  | Cirsa Finance International SARL<sup>(b)</sup>  | Cirsa Finance International SARL<sup>(b)</sup>  |
|  EUR | 1266000 | 6.500 | 03/15/29 | 1557347 |
|  | 1391000 | 4.875 | 10/15/31 | 1686332 |
|  GENM Capital Labuan Ltd. | GENM Capital Labuan Ltd. | GENM Capital Labuan Ltd. | GENM Capital Labuan Ltd. | GENM Capital Labuan Ltd. |
|  $ | 443000 | 3.882 | 04/19/31 | 408911 |
|  Jacobs Entertainment, Inc.<sup>(b)</sup>  | Jacobs Entertainment, Inc.<sup>(b)</sup>  | Jacobs Entertainment, Inc.<sup>(b)</sup>  | Jacobs Entertainment, Inc.<sup>(b)</sup>  | Jacobs Entertainment, Inc.<sup>(b)</sup>  |
|  | 1220000 | 6.750 | 02/15/29 | 1204701 |
|  | 150000 | 6.750 | 02/15/29 | 147704 |
|  LHMC Finco 2 SARL<sup>(b)(d)</sup> (PIK 9.375%, Cash 8.625%) | LHMC Finco 2 SARL<sup>(b)(d)</sup> (PIK 9.375%, Cash 8.625%) | LHMC Finco 2 SARL<sup>(b)(d)</sup> (PIK 9.375%, Cash 8.625%) | LHMC Finco 2 SARL<sup>(b)(d)</sup> (PIK 9.375%, Cash 8.625%) | LHMC Finco 2 SARL<sup>(b)(d)</sup> (PIK 9.375%, Cash 8.625%) |
|  EUR | 2009390 | 9.375 | 05/15/30 | 2478723 |
|  Light & Wonder International, Inc.<sup>(b)</sup>  | Light & Wonder International, Inc.<sup>(b)</sup>  | Light & Wonder International, Inc.<sup>(b)</sup>  | Light & Wonder International, Inc.<sup>(b)</sup>  | Light & Wonder International, Inc.<sup>(b)</sup>  |
|  $ | 2587000 | 6.250 | 10/01/33 | 2622830 |
|  Live Nation Entertainment, Inc.<sup>(b)</sup>  | Live Nation Entertainment, Inc.<sup>(b)</sup>  | Live Nation Entertainment, Inc.<sup>(b)</sup>  | Live Nation Entertainment, Inc.<sup>(b)</sup>  | Live Nation Entertainment, Inc.<sup>(b)</sup>  |
|  | 2000000 | 4.750 | 10/15/27 | 1999520 |
|  Loarre Investments SARL<sup>(b)</sup>  | Loarre Investments SARL<sup>(b)</sup>  | Loarre Investments SARL<sup>(b)</sup>  | Loarre Investments SARL<sup>(b)</sup>  | Loarre Investments SARL<sup>(b)</sup>  |
|  EUR | 800000 | 6.500 | 05/15/29 | 973817 |
|  Lottomatica Group SpA<sup>(b)</sup>  | Lottomatica Group SpA<sup>(b)</sup>  | Lottomatica Group SpA<sup>(b)</sup>  | Lottomatica Group SpA<sup>(b)</sup>  | Lottomatica Group SpA<sup>(b)</sup>  |
|  | 1035000 | 4.875 | 01/31/31 | 1262108 |
|  Ontario Gaming GTA LP/OTG Co-Issuer, Inc.<sup>(b)</sup>  | Ontario Gaming GTA LP/OTG Co-Issuer, Inc.<sup>(b)</sup>  | Ontario Gaming GTA LP/OTG Co-Issuer, Inc.<sup>(b)</sup>  | Ontario Gaming GTA LP/OTG Co-Issuer, Inc.<sup>(b)</sup>  | Ontario Gaming GTA LP/OTG Co-Issuer, Inc.<sup>(b)</sup>  |
|  $ | 2178000 | 8.000 | 08/01/30 | 2091991 |
|  Pinewood Finco PLC<sup>(b)</sup>  | Pinewood Finco PLC<sup>(b)</sup>  | Pinewood Finco PLC<sup>(b)</sup>  | Pinewood Finco PLC<sup>(b)</sup>  | Pinewood Finco PLC<sup>(b)</sup>  |
|  GBP | 400000 | 6.000 | 03/27/30 | 553717 |
|  Resorts World Las Vegas LLC/RWLV Capital, Inc. | Resorts World Las Vegas LLC/RWLV Capital, Inc. | Resorts World Las Vegas LLC/RWLV Capital, Inc. | Resorts World Las Vegas LLC/RWLV Capital, Inc. | Resorts World Las Vegas LLC/RWLV Capital, Inc. |
|  $ | 1110000 | 4.625 <sup>(b)</sup> | 04/16/29 | 1012453 |
|  | 1100000 | 4.625 | 04/16/29 | 1003332 |
|  | 500000 | 4.625 <sup>(b)</sup> | 04/06/31 | 428175 |
|  Six Flags Entertainment Corp.<sup>(b)</sup>  | Six Flags Entertainment Corp.<sup>(b)</sup>  | Six Flags Entertainment Corp.<sup>(b)</sup>  | Six Flags Entertainment Corp.<sup>(b)</sup>  | Six Flags Entertainment Corp.<sup>(b)</sup>  |
|  | 2427000 | 7.250 | 05/15/31 | 2396104 |
|  Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp. | Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp. | Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp. | Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp. | Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp. |
|  | 232000 | 5.375 | 04/15/27 | 232000 |
|  Voyager Parent LLC<sup>(b)</sup>  | Voyager Parent LLC<sup>(b)</sup>  | Voyager Parent LLC<sup>(b)</sup>  | Voyager Parent LLC<sup>(b)</sup>  | Voyager Parent LLC<sup>(b)</sup>  |
|  | 1555000 | 9.250 | 07/01/32 | 1653136 |
|  Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. |
|  EUR | 2532000 | 4.693 | 05/17/33 | 2822277 |
|  $ | 4134000 | 5.050 | 03/15/42 | 2920588 |
|  Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup>  | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup>  | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup>  | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup>  | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup>  |
|  | 350000 | 7.125 | 02/15/31 | 377185 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Entertainment<sup>(a)</sup> – (continued)** | **Entertainment<sup>(a)</sup> – (continued)** | **Entertainment<sup>(a)</sup> – (continued)** | **Entertainment<sup>(a)</sup> – (continued)** | **Entertainment<sup>(a)</sup> – (continued)** |
|  Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup> – (continued) | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup> – (continued) | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup> – (continued) | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup> – (continued) | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<sup>(b)</sup> – (continued) |
|  $ | 500000 | 6.250% | 03/15/33 | $509490 |
|  |  |  |  | 38766858 |
|  **Environmental<sup>(a)(b)</sup> – 0.4%** | **Environmental<sup>(a)(b)</sup> – 0.4%** | **Environmental<sup>(a)(b)</sup> – 0.4%** | **Environmental<sup>(a)(b)</sup> – 0.4%** | **Environmental<sup>(a)(b)</sup> – 0.4%** |
|  Ambipar Lux SARL<sup>(f)</sup>  | Ambipar Lux SARL<sup>(f)</sup>  | Ambipar Lux SARL<sup>(f)</sup>  | Ambipar Lux SARL<sup>(f)</sup>  | Ambipar Lux SARL<sup>(f)</sup>  |
|  | 614000 | 10.875 | 02/05/33 | 89098 |
|  Clean Harbors, Inc. | Clean Harbors, Inc. | Clean Harbors, Inc. | Clean Harbors, Inc. | Clean Harbors, Inc. |
|  | 1300000 | 5.750 | 10/15/33 | 1329042 |
|  GFL Environmental, Inc. | GFL Environmental, Inc. | GFL Environmental, Inc. | GFL Environmental, Inc. | GFL Environmental, Inc. |
|  | 450000 | 3.500 | 09/01/28 | 441031 |
|  | 700000 | 4.375 | 08/15/29 | 685986 |
|  Madison IAQ LLC | Madison IAQ LLC | Madison IAQ LLC | Madison IAQ LLC | Madison IAQ LLC |
|  | 3382000 | 4.125 | 06/30/28 | 3340638 |
|  Waste Pro USA, Inc. | Waste Pro USA, Inc. | Waste Pro USA, Inc. | Waste Pro USA, Inc. | Waste Pro USA, Inc. |
|  | 1802000 | 7.000 | 02/01/33 | 1860259 |
|  |  |  |  | 7746054 |
|  **Food & Drug Retailing – 1.4%** | **Food & Drug Retailing – 1.4%** | **Food & Drug Retailing – 1.4%** |  |  |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons<br>LLC<sup>(a)(b)</sup>  | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons<br>LLC<sup>(a)(b)</sup>  | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons<br>LLC<sup>(a)(b)</sup>  | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons<br>LLC<sup>(a)(b)</sup>  | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons<br>LLC<sup>(a)(b)</sup>  |
|  | 2784000 | 3.500 | 03/15/29 | 2673030 |
|  | 805000 | 4.875 | 02/15/30 | 794752 |
|  Bellis Acquisition Co. PLC<sup>(a)(b)</sup>  | Bellis Acquisition Co. PLC<sup>(a)(b)</sup>  | Bellis Acquisition Co. PLC<sup>(a)(b)</sup>  | Bellis Acquisition Co. PLC<sup>(a)(b)</sup>  | Bellis Acquisition Co. PLC<sup>(a)(b)</sup>  |
|  GBP | 1807000 | 8.125 | 05/14/30 | 2257022 |
|  C&S Group Enterprises LLC<sup>(a)(b)</sup>  | C&S Group Enterprises LLC<sup>(a)(b)</sup>  | C&S Group Enterprises LLC<sup>(a)(b)</sup>  | C&S Group Enterprises LLC<sup>(a)(b)</sup>  | C&S Group Enterprises LLC<sup>(a)(b)</sup>  |
|  $ | 2263000 | 5.000 | 12/15/28 | 2126564 |
|  Chobani LLC/Chobani Finance Corp., Inc.<sup>(a)(b)</sup>  | Chobani LLC/Chobani Finance Corp., Inc.<sup>(a)(b)</sup>  | Chobani LLC/Chobani Finance Corp., Inc.<sup>(a)(b)</sup>  | Chobani LLC/Chobani Finance Corp., Inc.<sup>(a)(b)</sup>  | Chobani LLC/Chobani Finance Corp., Inc.<sup>(a)(b)</sup>  |
|  | 1751000 | 4.625 | 11/15/28 | 1743296 |
|  Darling Global Finance BV<sup>(a)(b)</sup>  | Darling Global Finance BV<sup>(a)(b)</sup>  | Darling Global Finance BV<sup>(a)(b)</sup>  | Darling Global Finance BV<sup>(a)(b)</sup>  | Darling Global Finance BV<sup>(a)(b)</sup>  |
|  EUR | 1200000 | 4.500 | 07/15/32 | 1448990 |
|  Flora Food Management BV<sup>(a)(b)</sup>  | Flora Food Management BV<sup>(a)(b)</sup>  | Flora Food Management BV<sup>(a)(b)</sup>  | Flora Food Management BV<sup>(a)(b)</sup>  | Flora Food Management BV<sup>(a)(b)</sup>  |
|  | 1338000 | 6.875 | 07/02/29 | 1571644 |
|  Froneri Lux FinCo SARL<sup>(a)(b)</sup>  | Froneri Lux FinCo SARL<sup>(a)(b)</sup>  | Froneri Lux FinCo SARL<sup>(a)(b)</sup>  | Froneri Lux FinCo SARL<sup>(a)(b)</sup>  | Froneri Lux FinCo SARL<sup>(a)(b)</sup>  |
|  | 1554000 | 4.750 | 08/01/32 | 1856272 |
|  Iceland Bondco PLC<sup>(a)(b)</sup>  | Iceland Bondco PLC<sup>(a)(b)</sup>  | Iceland Bondco PLC<sup>(a)(b)</sup>  | Iceland Bondco PLC<sup>(a)(b)</sup>  | Iceland Bondco PLC<sup>(a)(b)</sup>  |
|  GBP | 439000 | 4.375 | 05/15/28 | 589677 |
|  (3 mo. EUR EURIBOR + 5.500%) | (3 mo. EUR EURIBOR + 5.500%) | (3 mo. EUR EURIBOR + 5.500%) | (3 mo. EUR EURIBOR + 5.500%) | (3 mo. EUR EURIBOR + 5.500%) |
|  EUR | 200000 | 7.564 <sup>(c)</sup> | 12/15/27 | 239905 |
|  Lamb Weston Holdings, Inc.<sup>(a)(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)(b)</sup>  | Lamb Weston Holdings, Inc.<sup>(a)(b)</sup>  |
|  $ | 2000000 | 4.125 | 01/31/30 | 1933240 |
|  New Albertsons LP | New Albertsons LP | New Albertsons LP | New Albertsons LP | New Albertsons LP |
|  | 1050000 | 8.700 | 05/01/30 | 1173070 |
|  | 543000 | 8.000 | 05/01/31 | 594742 |
|  Nomad Foods Bondco PLC<sup>(a)(b)</sup>  | Nomad Foods Bondco PLC<sup>(a)(b)</sup>  | Nomad Foods Bondco PLC<sup>(a)(b)</sup>  | Nomad Foods Bondco PLC<sup>(a)(b)</sup>  | Nomad Foods Bondco PLC<sup>(a)(b)</sup>  |
|  EUR | 1074000 | 2.500 | 06/24/28 | 1246204 |
|  Performance Food Group, Inc.<sup>(a)(b)</sup>  | Performance Food Group, Inc.<sup>(a)(b)</sup>  | Performance Food Group, Inc.<sup>(a)(b)</sup>  | Performance Food Group, Inc.<sup>(a)(b)</sup>  | Performance Food Group, Inc.<sup>(a)(b)</sup>  |
|  $ | 1185000 | 4.250 | 08/01/29 | 1160222 |
|  | 1605000 | 6.125 | 09/15/32 | 1650438 |
|  Picard Groupe SAS<sup>(a)(b)</sup>  | Picard Groupe SAS<sup>(a)(b)</sup>  | Picard Groupe SAS<sup>(a)(b)</sup>  | Picard Groupe SAS<sup>(a)(b)</sup>  | Picard Groupe SAS<sup>(a)(b)</sup>  |
|  EUR | 980000 | 6.375 | 07/01/29 | 1208550 |
|  Post Holdings, Inc.<sup>(a)(b)</sup>  | Post Holdings, Inc.<sup>(a)(b)</sup>  | Post Holdings, Inc.<sup>(a)(b)</sup>  | Post Holdings, Inc.<sup>(a)(b)</sup>  | Post Holdings, Inc.<sup>(a)(b)</sup>  |
|  $ | 2621000 | 6.250 | 10/15/34 | 2641418 |
|  Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed<sup>(a)(b)</sup>  | Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed<sup>(a)(b)</sup>  | Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed<sup>(a)(b)</sup>  | Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed<sup>(a)(b)</sup>  | Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed<sup>(a)(b)</sup>  |
|  | 580000 | 4.625 | 03/01/29 | 559045 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Food & Drug Retailing – (continued)** | **Food & Drug Retailing – (continued)** | **Food & Drug Retailing – (continued)** | **Food & Drug Retailing – (continued)** |
| Tyson Foods, Inc.<sup>(a)</sup>  | Tyson Foods, Inc.<sup>(a)</sup>  | Tyson Foods, Inc.<sup>(a)</sup>  |  |
| 724000 | 5.100% | 09/28/48 | $669345 |
|  |  |  | 28137426 |
| **Forest Products & Paper<sup>(a)(b)</sup> – 0.3%** | **Forest Products & Paper<sup>(a)(b)</sup> – 0.3%** | **Forest Products & Paper<sup>(a)(b)</sup> – 0.3%** | **Forest Products & Paper<sup>(a)(b)</sup> – 0.3%** |
| Ahlstrom Holding 3 OYJ | Ahlstrom Holding 3 OYJ | Ahlstrom Holding 3 OYJ | Ahlstrom Holding 3 OYJ |
| 1259000 | 3.625 | 02/04/28 | 1485595 |
| Domtar Corp. |  |  |  |
| 3349000 | 6.750 | 10/01/28 | 2790923 |
| WEPA Hygieneprodukte GmbH | WEPA Hygieneprodukte GmbH | WEPA Hygieneprodukte GmbH | WEPA Hygieneprodukte GmbH |
| 783000 | 5.625 | 01/15/31 | 970015 |
|  |  |  | 5246533 |
| **Gas<sup>(a)</sup> – 0.4%** |  |  |  |
| AltaGas Ltd.<sup>(b)(c)</sup> (5 yr. CMT + 3.573%) | AltaGas Ltd.<sup>(b)(c)</sup> (5 yr. CMT + 3.573%) | AltaGas Ltd.<sup>(b)(c)</sup> (5 yr. CMT + 3.573%) | AltaGas Ltd.<sup>(b)(c)</sup> (5 yr. CMT + 3.573%) |
| 2969000 | 7.200 | 10/15/54 | 3089808 |
| AmeriGas Partners LP/AmeriGas Finance Corp.<sup>(b)</sup>  | AmeriGas Partners LP/AmeriGas Finance Corp.<sup>(b)</sup>  | AmeriGas Partners LP/AmeriGas Finance Corp.<sup>(b)</sup>  | AmeriGas Partners LP/AmeriGas Finance Corp.<sup>(b)</sup>  |
| 3185000 | 9.500 | 06/01/30 | 3415244 |
| Northwest Natural Holding Co.<sup>(c)</sup> (5 yr. CMT + 2.701%) | Northwest Natural Holding Co.<sup>(c)</sup> (5 yr. CMT + 2.701%) | Northwest Natural Holding Co.<sup>(c)</sup> (5 yr. CMT + 2.701%) | Northwest Natural Holding Co.<sup>(c)</sup> (5 yr. CMT + 2.701%) |
| 2288000 | 7.000 | 09/15/55 | 2391395 |
|  |  |  | 8896447 |
| **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** | **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** | **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** | **Hand/Machine Tools<sup>(a)(b)</sup> – 0.1%** |
| Dynamo Newco II GmbH | Dynamo Newco II GmbH |  |  |
| 1553000 | 6.250 | 10/15/31 | 1846260 |
| IMA Industria Macchine Automatiche SpA | IMA Industria Macchine Automatiche SpA | IMA Industria Macchine Automatiche SpA |  |
| 750000 | 3.750 | 01/15/28 | 887563 |
|  |  |  | 2733823 |
| **Health Care Providers & Services – 0.2%** | **Health Care Providers & Services – 0.2%** | **Health Care Providers & Services – 0.2%** | **Health Care Providers & Services – 0.2%** |
| Kedrion SpA<sup>(a)(b)</sup>  | Kedrion SpA<sup>(a)(b)</sup>  | Kedrion SpA<sup>(a)(b)</sup>  | Kedrion SpA<sup>(a)(b)</sup>  |
| 1985000 | 6.500 | 09/01/29 | 1961140 |
| Lantheus Holdings, Inc. | Lantheus Holdings, Inc. | Lantheus Holdings, Inc. | Lantheus Holdings, Inc. |
| 1750000 | 2.625 | 12/15/27 | 2000250 |
|  |  |  | 3961390 |
| **Healthcare Providers & Services – 2.8%** | **Healthcare Providers & Services – 2.8%** | **Healthcare Providers & Services – 2.8%** | **Healthcare Providers & Services – 2.8%** |
| Akumin, Inc.<sup>(a)(b)</sup>  | Akumin, Inc.<sup>(a)(b)</sup>  | Akumin, Inc.<sup>(a)(b)</sup>  | Akumin, Inc.<sup>(a)(b)</sup>  |
| 15000 | 8.000 | 08/01/28 | 14617 |
| (PIK 9.000%, Cash 8.000%) | (PIK 9.000%, Cash 8.000%) |  |  |
| 1590000 | 9.000 <sup>(d)</sup> | 08/01/27 | 1557469 |
| Avantor Funding, Inc.<sup>(a)(b)</sup>  | Avantor Funding, Inc.<sup>(a)(b)</sup>  |  |  |
| 753000 | 3.875 | 07/15/28 | 891774 |
| CAB SELAS<sup>(a)(b)</sup>  | CAB SELAS<sup>(a)(b)</sup>  | CAB SELAS<sup>(a)(b)</sup>  | CAB SELAS<sup>(a)(b)</sup>  |
| 1091000 | 3.375 | 02/01/28 | 1257653 |
| Centene Corp.<sup>(a)</sup>  |  |  |  |
| 2330000 | 4.625 | 12/15/29 | 2271191 |
| Cerba Healthcare SACA<sup>(a)</sup>  | Cerba Healthcare SACA<sup>(a)</sup>  |  |  |
| 2719000 | 3.500 | 05/31/28 | 2486937 |
| Charles River Laboratories International, Inc.<sup>(a)(b)</sup>  | Charles River Laboratories International, Inc.<sup>(a)(b)</sup>  | Charles River Laboratories International, Inc.<sup>(a)(b)</sup>  | Charles River Laboratories International, Inc.<sup>(a)(b)</sup>  |
| 850000 | 4.000 | 03/15/31 | 805732 |
| CHS/Community Health Systems, Inc.<sup>(a)(b)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)(b)</sup>  | CHS/Community Health Systems, Inc.<sup>(a)(b)</sup>  |  |
| 1108000 | 6.875 | 04/15/29 | 1018341 |
| 2141000 | 5.250 | 05/15/30 | 2018321 |
| 2401000 | 10.875 | 01/15/32 | 2586837 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Healthcare Providers & Services – (continued)** | **Healthcare Providers & Services – (continued)** | **Healthcare Providers & Services – (continued)** | **Healthcare Providers & Services – (continued)** |
| CHS/Community Health Systems, Inc.<sup>(a)(b)</sup> – (continued) | CHS/Community Health Systems, Inc.<sup>(a)(b)</sup> – (continued) | CHS/Community Health Systems, Inc.<sup>(a)(b)</sup> – (continued) | CHS/Community Health Systems, Inc.<sup>(a)(b)</sup> – (continued) |
| 1623000 | 9.750% | 01/15/34 | $1692140 |
| DaVita, Inc.<sup>(a)(b)</sup>  |  |  |  |
| 1350000 | 3.750 | 02/15/31 | 1240569 |
| Embecta Corp.<sup>(a)(b)</sup>  | Embecta Corp.<sup>(a)(b)</sup>  | Embecta Corp.<sup>(a)(b)</sup>  | Embecta Corp.<sup>(a)(b)</sup>  |
| 900000 | 5.000 | 02/15/30 | 843102 |
| 400000 | 6.750 | 02/15/30 | 388480 |
| Fortrea Holdings, Inc.<sup>(a)(b)</sup>  | Fortrea Holdings, Inc.<sup>(a)(b)</sup>  |  |  |
| 1311000 | 7.500 | 07/01/30 | 1333562 |
| Global Medical Response, Inc.<sup>(a)(b)</sup>  | Global Medical Response, Inc.<sup>(a)(b)</sup>  | Global Medical Response, Inc.<sup>(a)(b)</sup>  | Global Medical Response, Inc.<sup>(a)(b)</sup>  |
| 650000 | 7.375 | 10/01/32 | 671853 |
| HCA, Inc.<sup>(a)</sup>  |  |  |  |
| 725000 | 5.250 | 06/15/49 | 655277 |
| Integer Holdings Corp.<sup>(b)</sup>  | Integer Holdings Corp.<sup>(b)</sup>  |  |  |
| 2029000 | 1.875 | 03/15/30 | 1931608 |
| IQVIA, Inc.<sup>(a)(b)</sup>  |  |  |  |
| 1024000 | 2.250 | 03/15/29 | 1180685 |
| LifePoint Health, Inc.<sup>(a)(b)</sup>  | LifePoint Health, Inc.<sup>(a)(b)</sup>  |  |  |
| 5362000 | 9.875 | 08/15/30 | 5756268 |
| 1599000 | 8.375 | 02/15/32 | 1737169 |
| 1394000 | 10.000 | 06/01/32 | 1473151 |
| Medline Borrower LP<sup>(a)(b)</sup>  | Medline Borrower LP<sup>(a)(b)</sup>  |  |  |
| 840000 | 3.875 | 04/01/29 | 822276 |
| 300000 | 5.250 | 10/01/29 | 300492 |
| Mehilainen Yhtiot OYJ<sup>(a)(b)</sup>  | Mehilainen Yhtiot OYJ<sup>(a)(b)</sup>  |  |  |
| 2640000 | 5.125 | 06/30/32 | 3177170 |
| Molina Healthcare, Inc.<sup>(a)(b)</sup>  | Molina Healthcare, Inc.<sup>(a)(b)</sup>  |  |  |
| 2393000 | 4.375 | 06/15/28 | 2354281 |
| 950000 | 3.875 | 11/15/30 | 876527 |
| Radiology Partners, Inc.<sup>(a)(b)</sup>  | Radiology Partners, Inc.<sup>(a)(b)</sup>  |  |  |
| 1979452 | 9.781 <sup>(d)</sup> | 02/15/30 | 1979432 |
| 4030000 | 8.500 | 07/15/32 | 4242864 |
| RAY Financing LLC<sup>(a)(b)</sup>  | RAY Financing LLC<sup>(a)(b)</sup>  |  |  |
| 600000 | 6.500 | 07/15/31 | 729929 |
| Team Health Holdings, Inc.<sup>(a)(b)</sup> . | Team Health Holdings, Inc.<sup>(a)(b)</sup> . | Team Health Holdings, Inc.<sup>(a)(b)</sup> . | Team Health Holdings, Inc.<sup>(a)(b)</sup> . |
| 1590000 | 8.375 | 06/30/28 | 1608953 |
| (PIK 4.500%, Cash 9.000%) | (PIK 4.500%, Cash 9.000%) |  |  |
| 3450681 | 13.500 <sup>(d)</sup> | 06/30/28 | 3646162 |
| Tenet Healthcare Corp.<sup>(a)</sup>  | Tenet Healthcare Corp.<sup>(a)</sup>  |  |  |
| 1800000 | 6.750 | 05/15/31 | 1870416 |
|  |  |  | 55421238 |
| **Home Builders<sup>(a)(b)</sup> – 0.3%** | **Home Builders<sup>(a)(b)</sup> – 0.3%** | **Home Builders<sup>(a)(b)</sup> – 0.3%** | **Home Builders<sup>(a)(b)</sup> – 0.3%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co. | Ashton Woods USA LLC/Ashton Woods Finance Co. | Ashton Woods USA LLC/Ashton Woods Finance Co. | Ashton Woods USA LLC/Ashton Woods Finance Co. |
| 1690000 | 6.875 | 08/01/33 | 1705125 |
| Brookfield Residential Properties, Inc./Brookfield Residential U.S. | Brookfield Residential Properties, Inc./Brookfield Residential U.S. | Brookfield Residential Properties, Inc./Brookfield Residential U.S. | Brookfield Residential Properties, Inc./Brookfield Residential U.S. |
| LLC |  |  |  |
| 650000 | 5.000 | 06/15/29 | 629759 |
| K Hovnanian Enterprises, Inc. | K Hovnanian Enterprises, Inc. |  |  |
| 1537000 | 8.000 | 04/01/31 | 1574964 |
| 1758000 | 8.375 | 10/01/33 | 1798153 |
|  |  |  | 5708001 |
| **Home Furnishings<sup>(a)(b)</sup> – 0.1%** | **Home Furnishings<sup>(a)(b)</sup> – 0.1%** |  |  |
| Flos B&b Italia SpA | Flos B&b Italia SpA | Flos B&b Italia SpA | Flos B&b Italia SpA |
| 784800 | 10.000 | 11/15/28 | 976906 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Home Furnishings<sup>(a)(b)</sup> – (continued)** | **Home Furnishings<sup>(a)(b)</sup> – (continued)** | **Home Furnishings<sup>(a)(b)</sup> – (continued)** | **Home Furnishings<sup>(a)(b)</sup> – (continued)** |
| Versuni Group BV |  |  |  |
| 655000 | 3.125% | 06/15/28 | $765596 |
|  |  |  | 1742502 |
| **Household Products<sup>(a)</sup> – 0.0%** | **Household Products<sup>(a)</sup> – 0.0%** |  |  |
| Central Garden & Pet Co. | Central Garden & Pet Co. |  |  |
| 650000 | 4.125 | 10/15/30 | 624325 |
| **Housewares<sup>(a)(b)</sup> – 0.1%** | **Housewares<sup>(a)(b)</sup> – 0.1%** | **Housewares<sup>(a)(b)</sup> – 0.1%** | **Housewares<sup>(a)(b)</sup> – 0.1%** |
| Newell Brands, Inc. |  |  |  |
| 1676000 | 8.500 | 06/01/28 | 1758325 |
| **Insurance – 2.1%** | **Insurance – 2.1%** | **Insurance – 2.1%** | **Insurance – 2.1%** |
| Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup>  | Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup>  | Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup>  | Acrisure LLC/Acrisure Finance, Inc.<sup>(a)(b)</sup>  |
| 1408000 | 8.250 | 02/01/29 | 1460420 |
| 245000 | 8.500 | 06/15/29 | 256432 |
| 945000 | 7.500 | 11/06/30 | 978623 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(a)(b)</sup>  | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(a)(b)</sup>  | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(a)(b)</sup>  | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<sup>(a)(b)</sup>  |
| 1159000 | 4.250 | 10/15/27 | 1144559 |
| 3750000 | 6.750 | 10/15/27 | 3762900 |
| 2323000 | 7.000 | 01/15/31 | 2408440 |
| 3250000 | 7.375 | 10/01/32 | 3366805 |
| American National Group, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.183%) | American National Group, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.183%) | American National Group, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.183%) | American National Group, Inc.<sup>(a)(c)</sup> (5 yr. CMT + 3.183%) |
| 2411000 | 7.000 | 12/01/55 | 2434411 |
| AmWINS Group, Inc.<sup>(a)(b)</sup>  | AmWINS Group, Inc.<sup>(a)(b)</sup>  |  |  |
| 1020000 | 4.875 | 06/30/29 | 1005965 |
| APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Investor 2 LLC<sup>(a)(b)</sup>  | APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Investor 2 LLC<sup>(a)(b)</sup>  | APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Investor 2 LLC<sup>(a)(b)</sup>  | APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Investor 2 LLC<sup>(a)(b)</sup>  |
| 2552000 | 7.875 | 11/01/29 | 2589642 |
| Ardonagh Finco Ltd.<sup>(a)(b)</sup>  | Ardonagh Finco Ltd.<sup>(a)(b)</sup>  | Ardonagh Finco Ltd.<sup>(a)(b)</sup>  | Ardonagh Finco Ltd.<sup>(a)(b)</sup>  |
| 2370000 | 7.750 | 02/15/31 | 2449608 |
| Ardonagh Group Finance Ltd.<sup>(a)(b)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)(b)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)(b)</sup>  | Ardonagh Group Finance Ltd.<sup>(a)(b)</sup>  |
| 2209000 | 8.875 | 02/15/32 | 2277346 |
| Arthur J Gallagher & Co.<sup>(a)</sup>  | Arthur J Gallagher & Co.<sup>(a)</sup>  |  |  |
| 2377000 | 5.550 | 02/15/55 | 2275597 |
| Asurion LLC & Asurion Co-Issuer, Inc.<sup>(a)(b)</sup>  | Asurion LLC & Asurion Co-Issuer, Inc.<sup>(a)(b)</sup>  | Asurion LLC & Asurion Co-Issuer, Inc.<sup>(a)(b)</sup>  |  |
| 1250000 | 8.000 | 12/31/32 | 1306775 |
| 2300000 | 8.375 | 02/01/34 | 2326059 |
| Athora Holding Ltd.<sup>(a)</sup>  | Athora Holding Ltd.<sup>(a)</sup>  | Athora Holding Ltd.<sup>(a)</sup>  | Athora Holding Ltd.<sup>(a)</sup>  |
| 1792000 | 5.875 | 09/10/34 | 2274324 |
| Genworth Holdings, Inc. | Genworth Holdings, Inc. | Genworth Holdings, Inc. | Genworth Holdings, Inc. |
| 1940000 | 6.500 | 06/15/34 | 2000858 |
| (3 mo. USD Term SOFR + 2.264%) | (3 mo. USD Term SOFR + 2.264%) | (3 mo. USD Term SOFR + 2.264%) | (3 mo. USD Term SOFR + 2.264%) |
| 1000000 | 6.116 <sup>(a)(c)</sup> | 11/15/66 | 826850 |
| Hanwha Life Insurance Co. Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.292%) | Hanwha Life Insurance Co. Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.292%) | Hanwha Life Insurance Co. Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.292%) | Hanwha Life Insurance Co. Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.292%) |
| 475000 | 6.300 | 06/24/55 | 494000 |
| Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC<sup>(a)(b)</sup>  | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC<sup>(a)(b)</sup>  | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC<sup>(a)(b)</sup>  | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC<sup>(a)(b)</sup>  |
| 1960000 | 7.250 | 02/15/31 | 2026914 |
| HUB International Ltd.<sup>(a)(b)</sup>  | HUB International Ltd.<sup>(a)(b)</sup>  |  |  |
| 600000 | 7.250 | 06/15/30 | 626820 |
| Ryan Specialty LLC<sup>(a)(b)</sup>  | Ryan Specialty LLC<sup>(a)(b)</sup>  | Ryan Specialty LLC<sup>(a)(b)</sup>  | Ryan Specialty LLC<sup>(a)(b)</sup>  |
| 1580000 | 5.875 | 08/01/32 | 1606133 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** |
| SBL Holdings, Inc.<sup>(a)(b)</sup>  | SBL Holdings, Inc.<sup>(a)(b)</sup>  | SBL Holdings, Inc.<sup>(a)(b)</sup>  | SBL Holdings, Inc.<sup>(a)(b)</sup>  |
| 1852000 | 7.200% | 10/30/34 | $1783180 |
|  |  |  | 41682661 |
| **Internet – 1.3%** |  |  |  |
| Cerved Group SpA<sup>(a)</sup>  | Cerved Group SpA<sup>(a)</sup>  | Cerved Group SpA<sup>(a)</sup>  | Cerved Group SpA<sup>(a)</sup>  |
| 484000 | 6.000 <sup>(b)</sup> | 02/15/29 | 508937 |
| 300000 | 6.000 | 02/15/29 | 315457 |
| Engineering - Ingegneria Informatica - SpA<sup>(a)(b)</sup>  | Engineering - Ingegneria Informatica - SpA<sup>(a)(b)</sup>  | Engineering - Ingegneria Informatica - SpA<sup>(a)(b)</sup>  | Engineering - Ingegneria Informatica - SpA<sup>(a)(b)</sup>  |
| 900000 | 8.625 | 02/15/30 | 1114842 |
| Gen Digital, Inc.<sup>(a)(b)</sup>  | Gen Digital, Inc.<sup>(a)(b)</sup>  | Gen Digital, Inc.<sup>(a)(b)</sup>  | Gen Digital, Inc.<sup>(a)(b)</sup>  |
| 1297000 | 6.250 | 04/01/33 | 1303770 |
| Go Daddy Operating Co. LLC/GD Finance Co., Inc.<sup>(a)(b)</sup>  | Go Daddy Operating Co. LLC/GD Finance Co., Inc.<sup>(a)(b)</sup>  | Go Daddy Operating Co. LLC/GD Finance Co., Inc.<sup>(a)(b)</sup>  | Go Daddy Operating Co. LLC/GD Finance Co., Inc.<sup>(a)(b)</sup>  |
| 2655000 | 3.500 | 03/01/29 | 2524985 |
| GrubHub Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 7.000%, Cash 6.000%) | GrubHub Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 7.000%, Cash 6.000%) | GrubHub Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 7.000%, Cash 6.000%) | GrubHub Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 7.000%, Cash 6.000%) |
| 1480025 | 13.000 | 07/31/30 | 1219688 |
| HSE Investment SARL<sup>(b)(c)</sup> (6 mo. EUR EURIBOR + 6.000%) | HSE Investment SARL<sup>(b)(c)</sup> (6 mo. EUR EURIBOR + 6.000%) | HSE Investment SARL<sup>(b)(c)</sup> (6 mo. EUR EURIBOR + 6.000%) | HSE Investment SARL<sup>(b)(c)</sup> (6 mo. EUR EURIBOR + 6.000%) |
| 772706 | 8.124 | 10/15/29 | 900704 |
| Prosus NV<sup>(a)</sup>  | Prosus NV<sup>(a)</sup>  | Prosus NV<sup>(a)</sup>  | Prosus NV<sup>(a)</sup>  |
| 715000 | 4.027 | 08/03/50 | 498516 |
| 620000 | 4.987 | 01/19/52 | 495151 |
| Rakuten Group, Inc.<sup>(b)</sup>  | Rakuten Group, Inc.<sup>(b)</sup>  | Rakuten Group, Inc.<sup>(b)</sup>  | Rakuten Group, Inc.<sup>(b)</sup>  |
| 2824000 | 9.750 | 04/15/29 | 3163191 |
| Snap, Inc.<sup>(a)(b)</sup>  | Snap, Inc.<sup>(a)(b)</sup>  | Snap, Inc.<sup>(a)(b)</sup>  | Snap, Inc.<sup>(a)(b)</sup>  |
| 4620000 | 6.875 | 03/01/33 | 4739935 |
| United Group BV<sup>(a)</sup>  | United Group BV<sup>(a)</sup>  | United Group BV<sup>(a)</sup>  | United Group BV<sup>(a)</sup>  |
| 3232000 | 5.250 <sup>(b)</sup> | 02/01/30 | 3842543 |
| (3 mo. EUR EURIBOR + 4.250%) | (3 mo. EUR EURIBOR + 4.250%) | (3 mo. EUR EURIBOR + 4.250%) | (3 mo. EUR EURIBOR + 4.250%) |
| 1808000 | 6.314 <sup>(c)</sup> | 02/15/31 | 2141162 |
| United Group BV<sup>(a)(b)(c)</sup> (3 mo. EUR EURIBOR + 3.250%) | United Group BV<sup>(a)(b)(c)</sup> (3 mo. EUR EURIBOR + 3.250%) | United Group BV<sup>(a)(b)(c)</sup> (3 mo. EUR EURIBOR + 3.250%) | United Group BV<sup>(a)(b)(c)</sup> (3 mo. EUR EURIBOR + 3.250%) |
| 1954000 | 5.276 | 01/31/33 | 2313857 |
|  |  |  | 25082738 |
| **Investment Companies<sup>(a)</sup> – 0.2%** | **Investment Companies<sup>(a)</sup> – 0.2%** | **Investment Companies<sup>(a)</sup> – 0.2%** | **Investment Companies<sup>(a)</sup> – 0.2%** |
| HA Sustainable Infrastructure Capital, Inc.<sup>(c)</sup> (5 yr. CMT + 4.301%) | HA Sustainable Infrastructure Capital, Inc.<sup>(c)</sup> (5 yr. CMT + 4.301%) | HA Sustainable Infrastructure Capital, Inc.<sup>(c)</sup> (5 yr. CMT + 4.301%) | HA Sustainable Infrastructure Capital, Inc.<sup>(c)</sup> (5 yr. CMT + 4.301%) |
| 1659000 | 8.000 | 06/01/56 | 1736260 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | Icahn Enterprises LP/Icahn Enterprises Finance Corp. | Icahn Enterprises LP/Icahn Enterprises Finance Corp. | Icahn Enterprises LP/Icahn Enterprises Finance Corp. |
| 925000 | 5.250 | 05/15/27 | 914621 |
| 700000 | 9.000 | 06/15/30 | 682850 |
|  |  |  | 3333731 |
| **Iron/Steel – 0.6%** | **Iron/Steel – 0.6%** | **Iron/Steel – 0.6%** | **Iron/Steel – 0.6%** |
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP<sup>(a)(b)</sup>  | Baffinland Iron Mines Corp./Baffinland Iron Mines LP<sup>(a)(b)</sup>  | Baffinland Iron Mines Corp./Baffinland Iron Mines LP<sup>(a)(b)</sup>  | Baffinland Iron Mines Corp./Baffinland Iron Mines LP<sup>(a)(b)</sup>  |
| 735000 | 8.750 | 07/15/26 | 639575 |
| CAP SA<sup>(a)</sup>  | CAP SA<sup>(a)</sup>  | CAP SA<sup>(a)</sup>  | CAP SA<sup>(a)</sup>  |
| 605000 | 3.900 | 04/27/31 | 499500 |
| Cleveland-Cliffs, Inc.<sup>(a)(b)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)(b)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)(b)</sup>  | Cleveland-Cliffs, Inc.<sup>(a)(b)</sup>  |
| 750000 | 7.000 | 03/15/32 | 769890 |
| 350000 | 7.625 | 01/15/34 | 366513 |
| CSN Inova Ventures<sup>(a)</sup>  | CSN Inova Ventures<sup>(a)</sup>  | CSN Inova Ventures<sup>(a)</sup>  | CSN Inova Ventures<sup>(a)</sup>  |
| 200000 | 6.750 | 01/28/28 | 191480 |
| CSN Resources SA<sup>(a)</sup>  | CSN Resources SA<sup>(a)</sup>  | CSN Resources SA<sup>(a)</sup>  | CSN Resources SA<sup>(a)</sup>  |
| 2938000 | 8.875 | 12/05/30 | 2832967 |
| Mineral Resources Ltd.<sup>(a)(b)</sup>  | Mineral Resources Ltd.<sup>(a)(b)</sup>  |  |  |
| 800000 | 8.000 | 11/01/27 | 818520 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Iron/Steel – (continued)** | **Iron/Steel – (continued)** | **Iron/Steel – (continued)** | **Iron/Steel – (continued)** | **Iron/Steel – (continued)** |
|  Samarco Mineracao SA<sup>(a)(d)</sup> (PIK 9.049%, Cash 9.000%) | Samarco Mineracao SA<sup>(a)(d)</sup> (PIK 9.049%, Cash 9.000%) | Samarco Mineracao SA<sup>(a)(d)</sup> (PIK 9.049%, Cash 9.000%) | Samarco Mineracao SA<sup>(a)(d)</sup> (PIK 9.049%, Cash 9.000%) | Samarco Mineracao SA<sup>(a)(d)</sup> (PIK 9.049%, Cash 9.000%) |
|  $ | 4976372 | 9.500% | 06/30/31 | $5000756 |
|  Tacora Resources, Inc.<sup>(e)</sup>  | Tacora Resources, Inc.<sup>(e)</sup>  | Tacora Resources, Inc.<sup>(e)</sup>  | Tacora Resources, Inc.<sup>(e)</sup>  | Tacora Resources, Inc.<sup>(e)</sup>  |
|  | 27984 | 13.000 | 09/18/31 | 27984 |
|  Vale Overseas Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.431%) | Vale Overseas Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.431%) | Vale Overseas Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.431%) | Vale Overseas Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.431%) | Vale Overseas Ltd.<sup>(a)(c)</sup> (5 yr. CMT + 2.431%) |
|  | 643000 | 6.000 | 02/25/56 | 646151 |
|  |  |  |  | 11793336 |
|  **Leisure Time<sup>(a)(b)</sup> – 0.6%** | **Leisure Time<sup>(a)(b)</sup> – 0.6%** | **Leisure Time<sup>(a)(b)</sup> – 0.6%** | **Leisure Time<sup>(a)(b)</sup> – 0.6%** | **Leisure Time<sup>(a)(b)</sup> – 0.6%** |
|  Carnival Corp. | Carnival Corp. | Carnival Corp. | Carnival Corp. | Carnival Corp. |
|  | 1850000 | 4.000 | 08/01/28 | 1831333 |
|  Carnival PLC | Carnival PLC | Carnival PLC | Carnival PLC | Carnival PLC |
|  EUR | 1506000 | 4.125 | 07/15/31 | 1814663 |
|  Deuce Finco PLC | Deuce Finco PLC | Deuce Finco PLC | Deuce Finco PLC | Deuce Finco PLC |
|  GBP | 1215000 | 7.000 | 11/20/31 | 1690111 |
|  Kingpin Intermediate Holdings LLC | Kingpin Intermediate Holdings LLC | Kingpin Intermediate Holdings LLC | Kingpin Intermediate Holdings LLC | Kingpin Intermediate Holdings LLC |
|  $ | 1583000 | 7.250 | 10/15/32 | 1516181 |
|  NCL Corp. Ltd. | NCL Corp. Ltd. | NCL Corp. Ltd. | NCL Corp. Ltd. | NCL Corp. Ltd. |
|  | 1000000 | 6.250 | 09/15/33 | 1005690 |
|  Pinnacle Bidco PLC | Pinnacle Bidco PLC | Pinnacle Bidco PLC | Pinnacle Bidco PLC | Pinnacle Bidco PLC |
|  GBP | 350000 | 10.000 | 10/11/28 | 504780 |
|  Sabre GLBL, Inc. | Sabre GLBL, Inc. | Sabre GLBL, Inc. | Sabre GLBL, Inc. | Sabre GLBL, Inc. |
|  $ | 462000 | 10.750 | 11/15/29 | 376724 |
|  | 588000 | 10.750 | 03/15/30 | 472029 |
|  TUI Cruises GmbH | TUI Cruises GmbH | TUI Cruises GmbH | TUI Cruises GmbH | TUI Cruises GmbH |
|  EUR | 885000 | 5.000 | 05/15/30 | 1078093 |
|  Viking Ocean Cruises Ship VII Ltd. | Viking Ocean Cruises Ship VII Ltd. | Viking Ocean Cruises Ship VII Ltd. | Viking Ocean Cruises Ship VII Ltd. | Viking Ocean Cruises Ship VII Ltd. |
|  $ | 1825000 | 5.625 | 02/15/29 | 1824379 |
|  |  |  |  | 12113983 |
|  **Lodging<sup>(a)</sup> – 0.9%** | **Lodging<sup>(a)</sup> – 0.9%** |  |  |  |
|  Genting New York LLC/GENNY Capital, Inc.<sup>(b)</sup>  | Genting New York LLC/GENNY Capital, Inc.<sup>(b)</sup>  | Genting New York LLC/GENNY Capital, Inc.<sup>(b)</sup>  | Genting New York LLC/GENNY Capital, Inc.<sup>(b)</sup>  | Genting New York LLC/GENNY Capital, Inc.<sup>(b)</sup>  |
|  | 1450000 | 7.250 | 10/01/29 | 1497023 |
|  Hilton Domestic Operating Co., Inc.<sup>(b)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b)</sup>  | Hilton Domestic Operating Co., Inc.<sup>(b)</sup>  |
|  | 1215000 | 4.000 | 05/01/31 | 1159985 |
|  | 350000 | 5.750 | 09/15/33 | 356696 |
|  Melco Resorts Finance Ltd. | Melco Resorts Finance Ltd. | Melco Resorts Finance Ltd. | Melco Resorts Finance Ltd. | Melco Resorts Finance Ltd. |
|  | 1450000 | 5.375 <sup>(b)</sup> | 12/04/29 | 1434340 |
|  | 2908000 | 7.625 <sup>(b)</sup> | 04/17/32 | 3044312 |
|  | 700000 | 7.625 | 04/17/32 | 734041 |
|  | 250000 | 6.500 <sup>(b)</sup> | 09/24/33 | 249348 |
|  MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International | MGM Resorts International |
|  | 235000 | 6.500 | 04/15/32 | 240579 |
|  Station Casinos LLC<sup>(b)</sup>  | Station Casinos LLC<sup>(b)</sup>  | Station Casinos LLC<sup>(b)</sup>  | Station Casinos LLC<sup>(b)</sup>  | Station Casinos LLC<sup>(b)</sup>  |
|  | 1988000 | 4.625 | 12/01/31 | 1907864 |
|  | 1650000 | 6.625 | 03/15/32 | 1688725 |
|  Studio City Finance Ltd.<sup>(b)</sup>  | Studio City Finance Ltd.<sup>(b)</sup>  | Studio City Finance Ltd.<sup>(b)</sup>  | Studio City Finance Ltd.<sup>(b)</sup>  | Studio City Finance Ltd.<sup>(b)</sup>  |
|  | 1800000 | 5.000 | 01/15/29 | 1742130 |
|  Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.<sup>(b)</sup>  | Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.<sup>(b)</sup>  | Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.<sup>(b)</sup>  | Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.<sup>(b)</sup>  | Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.<sup>(b)</sup>  |
|  | 1905000 | 5.250 | 05/15/27 | 1915516 |
|  Wynn Macau Ltd.<sup>(b)</sup>  | Wynn Macau Ltd.<sup>(b)</sup>  | Wynn Macau Ltd.<sup>(b)</sup>  | Wynn Macau Ltd.<sup>(b)</sup>  | Wynn Macau Ltd.<sup>(b)</sup>  |
|  | 85000 | 5.625 | 08/26/28 | 84896 |
|  | 1090000 | 5.125 | 12/15/29 | 1080844 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Lodging<sup>(a)</sup> – (continued)** | **Lodging<sup>(a)</sup> – (continued)** | **Lodging<sup>(a)</sup> – (continued)** | **Lodging<sup>(a)</sup> – (continued)** |
| Wynn Macau Ltd.<sup>(b)</sup> – (continued) | Wynn Macau Ltd.<sup>(b)</sup> – (continued) | Wynn Macau Ltd.<sup>(b)</sup> – (continued) | Wynn Macau Ltd.<sup>(b)</sup> – (continued) |
| 1050000 | 6.750% | 02/15/34 | $1063839 |
|  |  |  | 18200138 |
| **Machinery - Construction & Mining<sup>(a)(b)</sup> – 0.1%** | **Machinery - Construction & Mining<sup>(a)(b)</sup> – 0.1%** | **Machinery - Construction & Mining<sup>(a)(b)</sup> – 0.1%** |  |
| BWX Technologies, Inc. | BWX Technologies, Inc. | BWX Technologies, Inc. | BWX Technologies, Inc. |
| 1334000 | 4.125 | 06/30/28 | 1314657 |
| **Machinery-Diversified<sup>(a)(b)</sup> – 0.2%** | **Machinery-Diversified<sup>(a)(b)</sup> – 0.2%** | **Machinery-Diversified<sup>(a)(b)</sup> – 0.2%** |  |
| Chart Industries, Inc. | Chart Industries, Inc. | Chart Industries, Inc. | Chart Industries, Inc. |
| 250000 | 7.500 | 01/01/30 | 260470 |
| 610000 | 9.500 | 01/01/31 | 642190 |
| Columbus McKinnon Corp. | Columbus McKinnon Corp. | Columbus McKinnon Corp. | Columbus McKinnon Corp. |
| 2115000 | 7.125 | 02/01/33 | 2125913 |
| King U.S. Bidco, Inc.<sup>(c)</sup> (3 mo. EUR EURIBOR + 3.250%) | King U.S. Bidco, Inc.<sup>(c)</sup> (3 mo. EUR EURIBOR + 3.250%) | King U.S. Bidco, Inc.<sup>(c)</sup> (3 mo. EUR EURIBOR + 3.250%) | King U.S. Bidco, Inc.<sup>(c)</sup> (3 mo. EUR EURIBOR + 3.250%) |
| EUR 1,450,000 | 5.240 | 12/01/32 | 1726491 |
|  |  |  | 4755064 |
| **Media – 4.0%** |  |  |  |
| Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  | Altice Financing SA<sup>(a)</sup>  |
| 625000 | 9.625 <sup>(b)</sup> | 07/15/27 | 483106 |
| 1649000 | 3.000 | 01/15/28 | 1403511 |
| 2030000 | 5.000 <sup>(b)</sup> | 01/15/28 | 1478226 |
| 767000 | 5.750 <sup>(b)</sup> | 08/15/29 | 550721 |
| AMC Networks, Inc.<sup>(a)(b)</sup>  | AMC Networks, Inc.<sup>(a)(b)</sup>  | AMC Networks, Inc.<sup>(a)(b)</sup>  | AMC Networks, Inc.<sup>(a)(b)</sup>  |
| 1797000 | 10.250 | 01/15/29 | 1873768 |
| Beasley Mezzanine Holdings LLC<sup>(a)(b)</sup>  | Beasley Mezzanine Holdings LLC<sup>(a)(b)</sup>  | Beasley Mezzanine Holdings LLC<sup>(a)(b)</sup>  | Beasley Mezzanine Holdings LLC<sup>(a)(b)</sup>  |
| 1112000 | 9.200 | 08/01/28 | 439051 |
| CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup>  | CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup>  | CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup>  | CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(a)(b)</sup>  |
| 995000 | 5.000 | 02/01/28 | 989030 |
| 1025000 | 5.375 | 06/01/29 | 1013592 |
| 1661000 | 6.375 | 09/01/29 | 1677610 |
| 3650000 | 4.500 | 08/15/30 | 3434869 |
| 900000 | 4.250 | 02/01/31 | 824670 |
| 1120000 | 4.250 | 01/15/34 | 945706 |
| 4600000 | 7.375 | 02/01/36 | 4611132 |
| Charter Communications Operating LLC/Charter Communications Operating Capital<sup>(a)</sup>  | Charter Communications Operating LLC/Charter Communications Operating Capital<sup>(a)</sup>  | Charter Communications Operating LLC/Charter Communications Operating Capital<sup>(a)</sup>  | Charter Communications Operating LLC/Charter Communications Operating Capital<sup>(a)</sup>  |
| 900000 | 3.900 | 06/01/52 | 584991 |
| CSC Holdings LLC<sup>(a)(b)</sup>  | CSC Holdings LLC<sup>(a)(b)</sup>  | CSC Holdings LLC<sup>(a)(b)</sup>  | CSC Holdings LLC<sup>(a)(b)</sup>  |
| 383000 | 5.500 | 04/15/27 | 337576 |
| 3024000 | 11.750 | 01/31/29 | 2207278 |
| 899000 | 5.750 | 01/15/30 | 351491 |
| 94000 | 4.125 | 12/01/30 | 57133 |
| Directv Financing LLC<sup>(a)(b)</sup>  | Directv Financing LLC<sup>(a)(b)</sup>  | Directv Financing LLC<sup>(a)(b)</sup>  | Directv Financing LLC<sup>(a)(b)</sup>  |
| 1905000 | 8.875 | 02/01/30 | 1930546 |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc.<sup>(a)(b)</sup>  | Directv Financing LLC/Directv Financing Co-Obligor, Inc.<sup>(a)(b)</sup>  | Directv Financing LLC/Directv Financing Co-Obligor, Inc.<sup>(a)(b)</sup>  | Directv Financing LLC/Directv Financing Co-Obligor, Inc.<sup>(a)(b)</sup>  |
| 1470000 | 10.000 | 02/15/31 | 1514423 |
| Discovery Communications LLC<sup>(a)</sup>  | Discovery Communications LLC<sup>(a)</sup>  | Discovery Communications LLC<sup>(a)</sup>  | Discovery Communications LLC<sup>(a)</sup>  |
| 3811000 | 5.000 | 09/20/37 | 2946094 |
| DISH DBS Corp.<sup>(a)(b)</sup>  | DISH DBS Corp.<sup>(a)(b)</sup>  | DISH DBS Corp.<sup>(a)(b)</sup>  | DISH DBS Corp.<sup>(a)(b)</sup>  |
| 5696000 | 5.250 | 12/01/26 | 5530303 |
| 1294000 | 5.750 | 12/01/28 | 1251932 |
| EW Scripps Co.<sup>(a)(b)</sup>  | EW Scripps Co.<sup>(a)(b)</sup>  | EW Scripps Co.<sup>(a)(b)</sup>  | EW Scripps Co.<sup>(a)(b)</sup>  |
| 1867000 | 9.875 | 08/15/30 | 1859215 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Media – (continued)** | **Media – (continued)** | **Media – (continued)** | **Media – (continued)** | **Media – (continued)** |
|  Fox Corp.<sup>(a)</sup>  | Fox Corp.<sup>(a)</sup>  | Fox Corp.<sup>(a)</sup>  | Fox Corp.<sup>(a)</sup>  | Fox Corp.<sup>(a)</sup>  |
|  $ | 660000 | 5.476% | 01/25/39 | $657802 |
|  | 680000 | 5.576 | 01/25/49 | 650685 |
|  Gray Media, Inc.<sup>(a)(b)</sup>  | Gray Media, Inc.<sup>(a)(b)</sup>  | Gray Media, Inc.<sup>(a)(b)</sup>  | Gray Media, Inc.<sup>(a)(b)</sup>  | Gray Media, Inc.<sup>(a)(b)</sup>  |
|  | 2464000 | 10.500 | 07/15/29 | 2646681 |
|  | 2409000 | 4.750 | 10/15/30 | 1858303 |
|  | 665000 | 5.375 | 11/15/31 | 492366 |
|  | 305000 | 9.625 | 07/15/32 | 314351 |
|  | 833000 | 7.250 | 08/15/33 | 852750 |
|  Grupo Televisa SAB | Grupo Televisa SAB | Grupo Televisa SAB | Grupo Televisa SAB | Grupo Televisa SAB |
|  | 887000 | 6.625 | 01/15/40 | 794309 |
|  McGraw-Hill Education, Inc.<sup>(a)(b)</sup>  | McGraw-Hill Education, Inc.<sup>(a)(b)</sup>  | McGraw-Hill Education, Inc.<sup>(a)(b)</sup>  | McGraw-Hill Education, Inc.<sup>(a)(b)</sup>  | McGraw-Hill Education, Inc.<sup>(a)(b)</sup>  |
|  | 850000 | 5.750 | 08/01/28 | 853697 |
|  Nexstar Media, Inc.<sup>(a)(b)</sup>  | Nexstar Media, Inc.<sup>(a)(b)</sup>  | Nexstar Media, Inc.<sup>(a)(b)</sup>  | Nexstar Media, Inc.<sup>(a)(b)</sup>  | Nexstar Media, Inc.<sup>(a)(b)</sup>  |
|  | 1211000 | 4.750 | 11/01/28 | 1203383 |
|  Paramount Global<sup>(a)(c)</sup> (3 mo. USD Term SOFR + 3.899%) | Paramount Global<sup>(a)(c)</sup> (3 mo. USD Term SOFR + 3.899%) | Paramount Global<sup>(a)(c)</sup> (3 mo. USD Term SOFR + 3.899%) | Paramount Global<sup>(a)(c)</sup> (3 mo. USD Term SOFR + 3.899%) | Paramount Global<sup>(a)(c)</sup> (3 mo. USD Term SOFR + 3.899%) |
|  | 1397000 | 6.250 | 02/28/57 | 1270795 |
|  (5 yr. CMT + 3.999%) | (5 yr. CMT + 3.999%) | (5 yr. CMT + 3.999%) | (5 yr. CMT + 3.999%) | (5 yr. CMT + 3.999%) |
|  | 3674000 | 6.375 | 03/30/62 | 3453340 |
|  Scripps Escrow II, Inc.<sup>(a)(b)</sup>  | Scripps Escrow II, Inc.<sup>(a)(b)</sup>  | Scripps Escrow II, Inc.<sup>(a)(b)</sup>  | Scripps Escrow II, Inc.<sup>(a)(b)</sup>  | Scripps Escrow II, Inc.<sup>(a)(b)</sup>  |
|  | 3302000 | 3.875 | 01/15/29 | 3051741 |
|  Sinclair Television Group, Inc.<sup>(a)(b)</sup>  | Sinclair Television Group, Inc.<sup>(a)(b)</sup>  | Sinclair Television Group, Inc.<sup>(a)(b)</sup>  | Sinclair Television Group, Inc.<sup>(a)(b)</sup>  | Sinclair Television Group, Inc.<sup>(a)(b)</sup>  |
|  | 2367000 | 5.500 | 03/01/30 | 2069255 |
|  | 1467000 | 8.125 | 02/15/33 | 1517582 |
|  Sirius XM Radio LLC<sup>(a)(b)</sup>  | Sirius XM Radio LLC<sup>(a)(b)</sup>  | Sirius XM Radio LLC<sup>(a)(b)</sup>  | Sirius XM Radio LLC<sup>(a)(b)</sup>  | Sirius XM Radio LLC<sup>(a)(b)</sup>  |
|  | 2642000 | 3.125 | 09/01/26 | 2625144 |
|  | 800000 | 4.125 | 07/01/30 | 756320 |
|  Spanish Broadcasting System, Inc.<sup>(a)(b)</sup>  | Spanish Broadcasting System, Inc.<sup>(a)(b)</sup>  | Spanish Broadcasting System, Inc.<sup>(a)(b)</sup>  | Spanish Broadcasting System, Inc.<sup>(a)(b)</sup>  | Spanish Broadcasting System, Inc.<sup>(a)(b)</sup>  |
|  | 1225000 | 9.750 | 03/01/26 | 806160 |
|  Sunrise FinCo I BV<sup>(a)(b)</sup>  | Sunrise FinCo I BV<sup>(a)(b)</sup>  | Sunrise FinCo I BV<sup>(a)(b)</sup>  | Sunrise FinCo I BV<sup>(a)(b)</sup>  | Sunrise FinCo I BV<sup>(a)(b)</sup>  |
|  EUR | 1004000 | 4.625 | 05/15/32 | 1202492 |
|  TEGNA, Inc.<sup>(a)</sup>  | TEGNA, Inc.<sup>(a)</sup>  |  |  |  |
|  $ | 2000000 | 4.625 | 03/15/28 | 1985180 |
|  Telenet Finance Luxembourg Notes SARL<sup>(a)(b)</sup>  | Telenet Finance Luxembourg Notes SARL<sup>(a)(b)</sup>  | Telenet Finance Luxembourg Notes SARL<sup>(a)(b)</sup>  | Telenet Finance Luxembourg Notes SARL<sup>(a)(b)</sup>  | Telenet Finance Luxembourg Notes SARL<sup>(a)(b)</sup>  |
|  | 1000000 | 5.500 | 03/01/28 | 997450 |
|  Urban One, Inc.<sup>(a)(b)</sup>  | Urban One, Inc.<sup>(a)(b)</sup>  | Urban One, Inc.<sup>(a)(b)</sup>  | Urban One, Inc.<sup>(a)(b)</sup>  | Urban One, Inc.<sup>(a)(b)</sup>  |
|  | 741000 | 7.625 | 04/01/31 | 332931 |
|  Virgin Media Finance PLC<sup>(a)(b)</sup>  | Virgin Media Finance PLC<sup>(a)(b)</sup>  | Virgin Media Finance PLC<sup>(a)(b)</sup>  | Virgin Media Finance PLC<sup>(a)(b)</sup>  | Virgin Media Finance PLC<sup>(a)(b)</sup>  |
|  | 1532000 | 5.000 | 07/15/30 | 1348589 |
|  Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VI DAC<sup>(a)(b)</sup>  |
|  | 863000 | 8.500 | 03/15/33 | 855682 |
|  Virgin Media O2 Vendor Financing Notes VII DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VII DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VII DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VII DAC<sup>(a)(b)</sup>  | Virgin Media O2 Vendor Financing Notes VII DAC<sup>(a)(b)</sup>  |
|  EUR | 854000 | 7.500 | 07/15/33 | 1007359 |
|  Virgin Media Secured Finance PLC<sup>(a)(b)</sup>  | Virgin Media Secured Finance PLC<sup>(a)(b)</sup>  | Virgin Media Secured Finance PLC<sup>(a)(b)</sup>  | Virgin Media Secured Finance PLC<sup>(a)(b)</sup>  | Virgin Media Secured Finance PLC<sup>(a)(b)</sup>  |
|  $ | 872000 | 4.500 | 08/15/30 | 806487 |
|  Virgin Media Vendor Financing Notes III DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes III DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes III DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes III DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes III DAC<sup>(a)(b)</sup>  |
|  GBP | 1719000 | 4.875 | 07/15/28 | 2348172 |
|  Virgin Media Vendor Financing Notes IV DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes IV DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes IV DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes IV DAC<sup>(a)(b)</sup>  | Virgin Media Vendor Financing Notes IV DAC<sup>(a)(b)</sup>  |
|  $ | 1845000 | 5.000 | 07/15/28 | 1845000 |
|  VZ Secured Financing BV<sup>(a)(b)</sup>  | VZ Secured Financing BV<sup>(a)(b)</sup>  | VZ Secured Financing BV<sup>(a)(b)</sup>  | VZ Secured Financing BV<sup>(a)(b)</sup>  | VZ Secured Financing BV<sup>(a)(b)</sup>  |
|  | 1679000 | 7.500 | 01/15/33 | 1685380 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Media – (continued)** | **Media – (continued)** | **Media – (continued)** | **Media – (continued)** |
| Ziggo BV<sup>(a)(b)</sup>  | Ziggo BV<sup>(a)(b)</sup>  | Ziggo BV<sup>(a)(b)</sup>  | Ziggo BV<sup>(a)(b)</sup>  |
| 1284000 | 2.875% | 01/15/30 | $1439193 |
|  |  |  | 80024553 |
| **Metal Fabricate & Hardware<sup>(a)(b)</sup> – 0.0%** | **Metal Fabricate & Hardware<sup>(a)(b)</sup> – 0.0%** | **Metal Fabricate & Hardware<sup>(a)(b)</sup> – 0.0%** | **Metal Fabricate & Hardware<sup>(a)(b)</sup> – 0.0%** |
| Vallourec SACA | Vallourec SACA | Vallourec SACA | Vallourec SACA |
| 895000 | 7.500 | 04/15/32 | 952352 |
| **Mining<sup>(a)</sup> – 1.5%** |  |  |  |
| Aris Mining Corp.<sup>(b)</sup>  | Aris Mining Corp.<sup>(b)</sup>  | Aris Mining Corp.<sup>(b)</sup>  | Aris Mining Corp.<sup>(b)</sup>  |
| 2650000 | 8.000 | 10/31/29 | 2772562 |
| Corp. Nacional del Cobre de Chile | Corp. Nacional del Cobre de Chile | Corp. Nacional del Cobre de Chile | Corp. Nacional del Cobre de Chile |
| 200000 | 6.780 | 01/13/55 | 214646 |
| Eldorado Gold Corp.<sup>(b)</sup>  | Eldorado Gold Corp.<sup>(b)</sup>  | Eldorado Gold Corp.<sup>(b)</sup>  | Eldorado Gold Corp.<sup>(b)</sup>  |
| 1750000 | 6.250 | 09/01/29 | 1760146 |
| Endeavour Mining PLC<sup>(b)</sup>  | Endeavour Mining PLC<sup>(b)</sup>  | Endeavour Mining PLC<sup>(b)</sup>  | Endeavour Mining PLC<sup>(b)</sup>  |
| 1151000 | 7.000 | 05/28/30 | 1188764 |
| First Quantum Minerals Ltd.<sup>(b)</sup>  | First Quantum Minerals Ltd.<sup>(b)</sup>  | First Quantum Minerals Ltd.<sup>(b)</sup>  | First Quantum Minerals Ltd.<sup>(b)</sup>  |
| 1450000 | 9.375 | 03/01/29 | 1520687 |
| 1150000 | 8.625 | 06/01/31 | 1205810 |
| 950000 | 8.000 | 03/01/33 | 1018001 |
| 1258000 | 7.250 | 02/15/34 | 1321705 |
| Fortescue Treasury Pty. Ltd.<sup>(b)</sup>  | Fortescue Treasury Pty. Ltd.<sup>(b)</sup>  | Fortescue Treasury Pty. Ltd.<sup>(b)</sup>  | Fortescue Treasury Pty. Ltd.<sup>(b)</sup>  |
| 879000 | 4.500 | 09/15/27 | 880204 |
| 777000 | 4.375 | 04/01/31 | 750263 |
| Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. |
| 795000 | 5.400 | 11/14/34 | 819709 |
| Mountain Province Diamonds, Inc.<sup>(b)(e)</sup>  | Mountain Province Diamonds, Inc.<sup>(b)(e)</sup>  | Mountain Province Diamonds, Inc.<sup>(b)(e)</sup>  | Mountain Province Diamonds, Inc.<sup>(b)(e)</sup>  |
| 2861000 | 9.000 | 12/15/27 | 2582911 |
| Nexa Resources SA | Nexa Resources SA | Nexa Resources SA | Nexa Resources SA |
| 475000 | 6.600 | 04/08/37 | 505961 |
| Nickel Industries Ltd. | Nickel Industries Ltd. | Nickel Industries Ltd. | Nickel Industries Ltd. |
| 500000 | 9.000 | 09/30/30 | 524850 |
| Northwest Acquisitions ULC/Dominion Finco, Inc.<sup>(b)(f)</sup>  | Northwest Acquisitions ULC/Dominion Finco, Inc.<sup>(b)(f)</sup>  | Northwest Acquisitions ULC/Dominion Finco, Inc.<sup>(b)(f)</sup>  | Northwest Acquisitions ULC/Dominion Finco, Inc.<sup>(b)(f)</sup>  |
| 1260000 | 7.125 | 11/01/22 | 13 |
| Novelis Corp.<sup>(b)</sup>  | Novelis Corp.<sup>(b)</sup>  | Novelis Corp.<sup>(b)</sup>  | Novelis Corp.<sup>(b)</sup>  |
| 2270000 | 6.375 | 08/15/33 | 2313107 |
| Novelis Sheet Ingot GmbH<sup>(b)</sup>  | Novelis Sheet Ingot GmbH<sup>(b)</sup>  | Novelis Sheet Ingot GmbH<sup>(b)</sup>  | Novelis Sheet Ingot GmbH<sup>(b)</sup>  |
| 700000 | 3.375 | 04/15/29 | 817722 |
| Stillwater Mining Co. | Stillwater Mining Co. | Stillwater Mining Co. | Stillwater Mining Co. |
| 548000 | 4.500 | 11/16/29 | 526080 |
| Vedanta Resources Finance II PLC | Vedanta Resources Finance II PLC | Vedanta Resources Finance II PLC | Vedanta Resources Finance II PLC |
| 1593000 | 11.250 <sup>(b)</sup> | 12/03/31 | 1764247 |
| 2292000 | 9.850 <sup>(b)</sup> | 04/24/33 | 2466765 |
| 1410000 | 9.850 | 04/24/33 | 1517513 |
| Volcan Cia Minera SAA<sup>(b)</sup>  | Volcan Cia Minera SAA<sup>(b)</sup>  | Volcan Cia Minera SAA<sup>(b)</sup>  | Volcan Cia Minera SAA<sup>(b)</sup>  |
| 2415000 | 8.500 | 10/28/32 | 2499525 |
| WE Soda Investments Holding PLC | WE Soda Investments Holding PLC | WE Soda Investments Holding PLC | WE Soda Investments Holding PLC |
| 350000 | 9.500 | 10/06/28 | 361249 |
| 390000 | 9.375 | 02/14/31 | 403486 |
|  |  |  | 29735926 |
| **Miscellaneous Manufacturing<sup>(a)(b)</sup> – 0.2%** | **Miscellaneous Manufacturing<sup>(a)(b)</sup> – 0.2%** | **Miscellaneous Manufacturing<sup>(a)(b)</sup> – 0.2%** | **Miscellaneous Manufacturing<sup>(a)(b)</sup> – 0.2%** |
| Amsted Industries, Inc. | Amsted Industries, Inc. | Amsted Industries, Inc. | Amsted Industries, Inc. |
| 1857000 | 4.625 | 05/15/30 | 1837334 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Miscellaneous Manufacturing<sup>(a)(b)</sup> – (continued)** | **Miscellaneous Manufacturing<sup>(a)(b)</sup> – (continued)** | **Miscellaneous Manufacturing<sup>(a)(b)</sup> – (continued)** | **Miscellaneous Manufacturing<sup>(a)(b)</sup> – (continued)** |
| Amsted Industries, Inc. – (continued) | Amsted Industries, Inc. – (continued) | Amsted Industries, Inc. – (continued) | Amsted Industries, Inc. – (continued) |
| 1901000 | 6.375% | 03/15/33 | $1966737 |
| LSB Industries, Inc. | LSB Industries, Inc. | LSB Industries, Inc. | LSB Industries, Inc. |
| 360000 | 6.250 | 10/15/28 | 360410 |
|  |  |  | 4164481 |
| **Oil Field Services – 4.3%** | **Oil Field Services – 4.3%** | **Oil Field Services – 4.3%** | **Oil Field Services – 4.3%** |
| Archrock Partners LP/Archrock Partners Finance Corp.<sup>(a)(b)</sup>  | Archrock Partners LP/Archrock Partners Finance Corp.<sup>(a)(b)</sup>  | Archrock Partners LP/Archrock Partners Finance Corp.<sup>(a)(b)</sup>  | Archrock Partners LP/Archrock Partners Finance Corp.<sup>(a)(b)</sup>  |
| 594000 | 6.250 | 04/01/28 | 595497 |
| 607000 | 6.625 | 09/01/32 | 629052 |
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)(b)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)(b)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)(b)</sup>  | Ascent Resources Utica Holdings LLC/ARU Finance Corp.<sup>(a)(b)</sup>  |
| 873000 | 6.625 | 10/15/32 | 905668 |
| 860000 | 6.625 | 07/15/33 | 890203 |
| Azule Energy Finance PLC<sup>(a)(b)</sup>  | Azule Energy Finance PLC<sup>(a)(b)</sup>  | Azule Energy Finance PLC<sup>(a)(b)</sup>  | Azule Energy Finance PLC<sup>(a)(b)</sup>  |
| 2140000 | 8.250 | 01/22/31 | 2142354 |
| 448000 | 8.625 | 01/22/33 | 447884 |
| Breakwater Energy Holdings SARL<sup>(a)(b)</sup>  | Breakwater Energy Holdings SARL<sup>(a)(b)</sup>  | Breakwater Energy Holdings SARL<sup>(a)(b)</sup>  | Breakwater Energy Holdings SARL<sup>(a)(b)</sup>  |
| 2130000 | 9.250 | 11/15/30 | 2233475 |
| California Resources Corp.<sup>(a)(b)</sup>  | California Resources Corp.<sup>(a)(b)</sup>  | California Resources Corp.<sup>(a)(b)</sup>  | California Resources Corp.<sup>(a)(b)</sup>  |
| 1332000 | 7.000 | 01/15/34 | 1344361 |
| Chesapeake Energy Corp.<sup>(g)(h)</sup>  | Chesapeake Energy Corp.<sup>(g)(h)</sup>  | Chesapeake Energy Corp.<sup>(g)(h)</sup>  | Chesapeake Energy Corp.<sup>(g)(h)</sup>  |
| 195000 | 0.000 | 10/01/24 | 20 |
| 935000 | 0.000 | 10/01/26 | 94 |
| CITGO Petroleum Corp.<sup>(a)(b)</sup>  | CITGO Petroleum Corp.<sup>(a)(b)</sup>  | CITGO Petroleum Corp.<sup>(a)(b)</sup>  | CITGO Petroleum Corp.<sup>(a)(b)</sup>  |
| 4225000 | 8.375 | 01/15/29 | 4390282 |
| CNX Resources Corp.<sup>(a)(b)</sup> | CNX Resources Corp.<sup>(a)(b)</sup> | CNX Resources Corp.<sup>(a)(b)</sup> | CNX Resources Corp.<sup>(a)(b)</sup> |
| 1175000 | 6.000 | 01/15/29 | 1182261 |
| 250000 | 7.250 | 03/01/32 | 261658 |
| Comstock Resources, Inc.<sup>(a)(b)</sup>  | Comstock Resources, Inc.<sup>(a)(b)</sup>  | Comstock Resources, Inc.<sup>(a)(b)</sup>  | Comstock Resources, Inc.<sup>(a)(b)</sup>  |
| 2657000 | 6.750 | 03/01/29 | 2666911 |
| CVR Energy, Inc.<sup>(a)(b)</sup>  | CVR Energy, Inc.<sup>(a)(b)</sup>  | CVR Energy, Inc.<sup>(a)(b)</sup>  | CVR Energy, Inc.<sup>(a)(b)</sup>  |
| 1631000 | 5.750 | 02/15/28 | 1629646 |
| 865000 | 8.500 | 01/15/29 | 901114 |
| 1502000 | 7.500 | 02/15/31 | 1500032 |
| 1096000 | 7.875 | 02/15/34 | 1087440 |
| Ecopetrol SA<sup>(a)</sup>  | Ecopetrol SA<sup>(a)</sup>  | Ecopetrol SA<sup>(a)</sup>  | Ecopetrol SA<sup>(a)</sup>  |
| 995000 | 5.875 | 11/02/51 | 718887 |
| Energean Israel Finance Ltd.<sup>(a)</sup>  | Energean Israel Finance Ltd.<sup>(a)</sup>  | Energean Israel Finance Ltd.<sup>(a)</sup>  | Energean Israel Finance Ltd.<sup>(a)</sup>  |
| 515000 | 5.875 | 03/30/31 | 500838 |
| Guara Norte SARL | Guara Norte SARL | Guara Norte SARL | Guara Norte SARL |
| 489872 | 5.198 | 06/15/34 | 474931 |
| Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(a)(b)</sup>  | Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(a)(b)</sup>  | Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(a)(b)</sup>  | Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(a)(b)</sup>  |
| 750000 | 5.750 | 02/01/29 | 750030 |
| KazMunayGas National Co. JSC | KazMunayGas National Co. JSC | KazMunayGas National Co. JSC | KazMunayGas National Co. JSC |
| 995000 | 6.375 | 10/24/48 | 995826 |
| Kodiak Gas Services LLC<sup>(a)(b)</sup>  | Kodiak Gas Services LLC<sup>(a)(b)</sup>  | Kodiak Gas Services LLC<sup>(a)(b)</sup>  | Kodiak Gas Services LLC<sup>(a)(b)</sup>  |
| 1000000 | 7.250 | 02/15/29 | 1037640 |
| 1505000 | 6.750 | 10/01/35 | 1554665 |
| Kosmos Energy Ltd.<sup>(a)</sup>  | Kosmos Energy Ltd.<sup>(a)</sup>  | Kosmos Energy Ltd.<sup>(a)</sup>  | Kosmos Energy Ltd.<sup>(a)</sup>  |
| 499000 | 7.750 | 05/01/27 | 481535 |
| Kraken Oil & Gas Partners LLC<sup>(a)(b)</sup>  | Kraken Oil & Gas Partners LLC<sup>(a)(b)</sup>  | Kraken Oil & Gas Partners LLC<sup>(a)(b)</sup>  | Kraken Oil & Gas Partners LLC<sup>(a)(b)</sup>  |
| 1535000 | 7.625 | 08/15/29 | 1533726 |
| Long Ridge Energy LLC<sup>(a)(b)</sup>  | Long Ridge Energy LLC<sup>(a)(b)</sup>  | Long Ridge Energy LLC<sup>(a)(b)</sup>  | Long Ridge Energy LLC<sup>(a)(b)</sup>  |
| 3372000 | 8.750 | 02/15/32 | 3581064 |
| Moss Creek Resources Holdings, Inc.<sup>(a)(b)</sup>  | Moss Creek Resources Holdings, Inc.<sup>(a)(b)</sup>  | Moss Creek Resources Holdings, Inc.<sup>(a)(b)</sup>  | Moss Creek Resources Holdings, Inc.<sup>(a)(b)</sup>  |
| 3077000 | 8.250 | 09/01/31 | 2991582 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Oil Field Services – (continued)** | **Oil Field Services – (continued)** | **Oil Field Services – (continued)** | **Oil Field Services – (continued)** |
| Nabors Industries, Inc.<sup>(a)(b)</sup>  | Nabors Industries, Inc.<sup>(a)(b)</sup>  | Nabors Industries, Inc.<sup>(a)(b)</sup>  | Nabors Industries, Inc.<sup>(a)(b)</sup>  |
| 1286000 | 9.125% | 01/31/30 | $1357733 |
| 258000 | 8.875 | 08/15/31 | 262616 |
| 34000 | 7.625 | 11/15/32 | 34622 |
| Northern Oil & Gas, Inc.<sup>(a)(b)</sup>  | Northern Oil & Gas, Inc.<sup>(a)(b)</sup>  | Northern Oil & Gas, Inc.<sup>(a)(b)</sup>  | Northern Oil & Gas, Inc.<sup>(a)(b)</sup>  |
| 1131000 | 7.875 | 10/15/33 | 1141156 |
| Permian Resources Operating LLC<sup>(a)(b)</sup>  | Permian Resources Operating LLC<sup>(a)(b)</sup>  | Permian Resources Operating LLC<sup>(a)(b)</sup>  | Permian Resources Operating LLC<sup>(a)(b)</sup>  |
| 500000 | 8.000 | 04/15/27 | 505000 |
| 323000 | 9.875 | 07/15/31 | 346611 |
| Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos | Petroleos Mexicanos |
| 310000 | 6.840 <sup>(a)</sup> | 01/23/30 | 316820 |
| 1030000 | 5.950 <sup>(a)</sup> | 01/28/31 | 1003632 |
| 860000 | 10.000 <sup>(a)</sup> | 02/07/33 | 1001109 |
| 2940000 | 6.750 | 09/21/47 | 2418562 |
| Raizen Fuels Finance SA<sup>(a)</sup>  | Raizen Fuels Finance SA<sup>(a)</sup>  | Raizen Fuels Finance SA<sup>(a)</sup>  | Raizen Fuels Finance SA<sup>(a)</sup>  |
| 1530000 | 6.450 | 03/05/34 | 1258425 |
| 1018000 | 6.950 | 03/05/54 | 773375 |
| Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  | Saudi Arabian Oil Co.<sup>(a)</sup>  |
| 1010000 | 5.750 | 07/17/54 | 955490 |
| SM Energy Co.<sup>(a)(b)</sup>  | SM Energy Co.<sup>(a)(b)</sup>  | SM Energy Co.<sup>(a)(b)</sup>  | SM Energy Co.<sup>(a)(b)</sup>  |
| 710000 | 8.625 | 11/01/30 | 751329 |
| 1525000 | 7.000 | 08/01/32 | 1528889 |
| 1751000 | 9.625 | 06/15/33 | 1914718 |
| Sonangol Finance Ltd.<sup>(a)(b)</sup>  | Sonangol Finance Ltd.<sup>(a)(b)</sup>  | Sonangol Finance Ltd.<sup>(a)(b)</sup>  | Sonangol Finance Ltd.<sup>(a)(b)</sup>  |
| 332000 | 10.000 | 01/29/31 | 329082 |
| Sunoco LP<sup>(a)(b)</sup>  | Sunoco LP<sup>(a)(b)</sup>  | Sunoco LP<sup>(a)(b)</sup>  | Sunoco LP<sup>(a)(b)</sup>  |
| 1700000 | 7.250 | 05/01/32 | 1798430 |
| 2238000 | 6.250 | 07/01/33 | 2300888 |
| (5 yr. CMT + 4.230%) | (5 yr. CMT + 4.230%) | (5 yr. CMT + 4.230%) | (5 yr. CMT + 4.230%) |
| 4960000 | 7.875 <sup>(c)</sup> | 09/18/30 | 5116538 |
| TGNR Intermediate Holdings LLC<sup>(a)(b)</sup>  | TGNR Intermediate Holdings LLC<sup>(a)(b)</sup>  | TGNR Intermediate Holdings LLC<sup>(a)(b)</sup>  | TGNR Intermediate Holdings LLC<sup>(a)(b)</sup>  |
| 2417000 | 5.500 | 10/15/29 | 2392467 |
| Thaioil Treasury Center Co. Ltd.<sup>(a)(b)(c)</sup> (5 yr. CMT + 2.375%) | Thaioil Treasury Center Co. Ltd.<sup>(a)(b)(c)</sup> (5 yr. CMT + 2.375%) | Thaioil Treasury Center Co. Ltd.<sup>(a)(b)(c)</sup> (5 yr. CMT + 2.375%) | Thaioil Treasury Center Co. Ltd.<sup>(a)(b)(c)</sup> (5 yr. CMT + 2.375%) |
| 207000 | 6.100 | 01/15/31 | 208039 |
| Transocean International Ltd. | Transocean International Ltd. | Transocean International Ltd. | Transocean International Ltd. |
| 1975000 | 8.250 <sup>(a)(b)</sup> | 05/15/29 | 2010649 |
| 562500 | 8.750 <sup>(a)(b)</sup> | 02/15/30 | 586552 |
| 1600000 | 8.500 <sup>(a)(b)</sup> | 05/15/31 | 1627792 |
| 1365000 | 7.875 <sup>(a)(b)</sup> | 10/15/32 | 1440321 |
| 2539000 | 6.800 | 03/15/38 | 2278270 |
| Trident Energy Finance PLC<sup>(a)</sup>  | Trident Energy Finance PLC<sup>(a)</sup>  | Trident Energy Finance PLC<sup>(a)</sup>  | Trident Energy Finance PLC<sup>(a)</sup>  |
| 465000 | 12.500 | 11/30/29 | 483828 |
| Uzbekneftegaz JSC | Uzbekneftegaz JSC | Uzbekneftegaz JSC | Uzbekneftegaz JSC |
| 460000 | 8.750 | 05/07/30 | 497260 |
| Valaris Ltd.<sup>(a)(b)</sup>  | Valaris Ltd.<sup>(a)(b)</sup>  | Valaris Ltd.<sup>(a)(b)</sup>  | Valaris Ltd.<sup>(a)(b)</sup>  |
| 2590000 | 8.375 | 04/30/30 | 2707068 |
| Var Energi ASA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.765%) | Var Energi ASA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.765%) | Var Energi ASA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.765%) | Var Energi ASA<sup>(a)(c)</sup> (5 yr. EURIBOR ICE Swap + 4.765%) |
| 1679000 | 7.862 | 11/15/83 | 2194815 |
| Wintershall Dea Finance 2 BV<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.319%) | Wintershall Dea Finance 2 BV<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.319%) | Wintershall Dea Finance 2 BV<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.319%) | Wintershall Dea Finance 2 BV<sup>(a)(c)</sup> (-1X 5 yr. EUR Swap + 3.319%) |
| 1100000 | 3.000 | 07/20/28 | 1260100 |
| Yinson Boronia Production BV<sup>(a)</sup>  | Yinson Boronia Production BV<sup>(a)</sup>  | Yinson Boronia Production BV<sup>(a)</sup>  | Yinson Boronia Production BV<sup>(a)</sup>  |
| 665449 | 8.947 | 07/31/42 | 739020 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Oil Field Services – (continued)** | **Oil Field Services – (continued)** | **Oil Field Services – (continued)** | **Oil Field Services – (continued)** |
| YPF SA<sup>(a)(b)</sup>  | YPF SA<sup>(a)(b)</sup>  | YPF SA<sup>(a)(b)</sup>  | YPF SA<sup>(a)(b)</sup>  |
| 3984000 | 9.500% | 01/17/31 | $4216466 |
|  |  |  | 85186348 |
| **Packaging<sup>(a)</sup> – 1.4%** | **Packaging<sup>(a)</sup> – 1.4%** | **Packaging<sup>(a)</sup> – 1.4%** | **Packaging<sup>(a)</sup> – 1.4%** |
| ARD Finance SA<sup>(b)(d)</sup> (PIK 5.750%, Cash 5.000%) | ARD Finance SA<sup>(b)(d)</sup> (PIK 5.750%, Cash 5.000%) | ARD Finance SA<sup>(b)(d)</sup> (PIK 5.750%, Cash 5.000%) | ARD Finance SA<sup>(b)(d)</sup> (PIK 5.750%, Cash 5.000%) |
| 1 | 5.000 | 06/30/27 | 0 |
| Ardagh Group SA<sup>(b)(d)</sup>  | Ardagh Group SA<sup>(b)(d)</sup>  | Ardagh Group SA<sup>(b)(d)</sup>  | Ardagh Group SA<sup>(b)(d)</sup>  |
| (PIK 4.500%, Cash 7.500%) | (PIK 4.500%, Cash 7.500%) | (PIK 4.500%, Cash 7.500%) | (PIK 4.500%, Cash 7.500%) |
| 1100000 | 12.000 | 12/01/30 | 1230697 |
| (PIK 6.500%, Cash 5.500%) | (PIK 6.500%, Cash 5.500%) | (PIK 6.500%, Cash 5.500%) | (PIK 6.500%, Cash 5.500%) |
| 2301000 | 12.000 | 12/01/30 | 2169797 |
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup>  | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup>  | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup>  | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC<sup>(b)</sup>  |
| 1024000 | 2.000 | 09/01/28 | 1185298 |
| Ball Corp. | Ball Corp. | Ball Corp. | Ball Corp. |
| 1065000 | 1.500 | 03/15/27 | 1246188 |
| 2544000 | 2.875 | 08/15/30 | 2341269 |
| 1000000 | 3.125 | 09/15/31 | 919060 |
| Canpack SA/Canpack U.S. LLC<sup>(b)</sup>  | Canpack SA/Canpack U.S. LLC<sup>(b)</sup>  | Canpack SA/Canpack U.S. LLC<sup>(b)</sup>  | Canpack SA/Canpack U.S. LLC<sup>(b)</sup>  |
| 1013000 | 2.375 | 11/01/27 | 1189328 |
| Crown Americas LLC<sup>(b)</sup>  | Crown Americas LLC<sup>(b)</sup>  | Crown Americas LLC<sup>(b)</sup>  | Crown Americas LLC<sup>(b)</sup>  |
| 2750000 | 5.875 | 06/01/33 | 2810665 |
| Fedrigoni SpA<sup>(b)</sup>  | Fedrigoni SpA<sup>(b)</sup>  | Fedrigoni SpA<sup>(b)</sup>  | Fedrigoni SpA<sup>(b)</sup>  |
| 969000 | 6.125 | 06/15/31 | 1109103 |
| (3 mo. EUR EURIBOR + 4.000%) | (3 mo. EUR EURIBOR + 4.000%) | (3 mo. EUR EURIBOR + 4.000%) | (3 mo. EUR EURIBOR + 4.000%) |
| 250000 | 6.019 <sup>(c)</sup> | 01/15/30 | 289373 |
| Graphic Packaging International LLC<sup>(b)</sup>  | Graphic Packaging International LLC<sup>(b)</sup>  | Graphic Packaging International LLC<sup>(b)</sup>  | Graphic Packaging International LLC<sup>(b)</sup>  |
| 1850000 | 3.750 | 02/01/30 | 1747732 |
| LABL, Inc.<sup>(b)(f)</sup>  | LABL, Inc.<sup>(b)(f)</sup>  | LABL, Inc.<sup>(b)(f)</sup>  | LABL, Inc.<sup>(b)(f)</sup>  |
| 968000 | 8.625 | 10/01/31 | 444370 |
| Sealed Air Corp.<sup>(b)</sup>  | Sealed Air Corp.<sup>(b)</sup>  | Sealed Air Corp.<sup>(b)</sup>  | Sealed Air Corp.<sup>(b)</sup>  |
| 1150000 | 4.000 | 12/01/27 | 1145826 |
| Sealed Air Corp./Sealed Air Corp. U.S.<sup>(b)</sup>  | Sealed Air Corp./Sealed Air Corp. U.S.<sup>(b)</sup>  | Sealed Air Corp./Sealed Air Corp. U.S.<sup>(b)</sup>  | Sealed Air Corp./Sealed Air Corp. U.S.<sup>(b)</sup>  |
| 1599000 | 6.125 | 02/01/28 | 1624184 |
| Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC | Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC | Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC | Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC |
| 1388000 | 8.250 | 05/15/30 | 1564236 |
| 2524000 | 9.500 <sup>(b)</sup> | 05/15/30 | 2435786 |
| Trident TPI Holdings, Inc.<sup>(b)</sup>  | Trident TPI Holdings, Inc.<sup>(b)</sup>  | Trident TPI Holdings, Inc.<sup>(b)</sup>  | Trident TPI Holdings, Inc.<sup>(b)</sup>  |
| 2206000 | 12.750 | 12/31/28 | 2215508 |
| Trivium Packaging Finance BV<sup>(b)</sup>  | Trivium Packaging Finance BV<sup>(b)</sup>  | Trivium Packaging Finance BV<sup>(b)</sup>  | Trivium Packaging Finance BV<sup>(b)</sup>  |
| 1506000 | 6.625 | 07/15/30 | 1881445 |
| 834000 | 8.250 | 07/15/30 | 890712 |
|  |  |  | 28440577 |
| **Pharmaceuticals – 1.4%** | **Pharmaceuticals – 1.4%** | **Pharmaceuticals – 1.4%** | **Pharmaceuticals – 1.4%** |
| 1261229 BC Ltd.<sup>(a)(b)</sup>  | 1261229 BC Ltd.<sup>(a)(b)</sup>  | 1261229 BC Ltd.<sup>(a)(b)</sup>  | 1261229 BC Ltd.<sup>(a)(b)</sup>  |
| 6096000 | 10.000 | 04/15/32 | 6256690 |
| Bausch Health Cos., Inc.<sup>(b)</sup>  | Bausch Health Cos., Inc.<sup>(b)</sup>  | Bausch Health Cos., Inc.<sup>(b)</sup>  | Bausch Health Cos., Inc.<sup>(b)</sup>  |
| 912000 | 4.875 <sup>(a)</sup> | 06/01/28 | 846828 |
| 652000 | 11.000 | 09/30/28 | 677441 |
| Cheplapharm Arzneimittel GmbH<sup>(a)</sup>  | Cheplapharm Arzneimittel GmbH<sup>(a)</sup>  | Cheplapharm Arzneimittel GmbH<sup>(a)</sup>  | Cheplapharm Arzneimittel GmbH<sup>(a)</sup>  |
| 1308000 | 7.500 <sup>(b)</sup> | 05/15/30 | 1604966 |
| 1840000 | 7.125 | 06/15/31 | 2236660 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** |
| Dolcetto Holdco SpA<sup>(a)(b)</sup>  | Dolcetto Holdco SpA<sup>(a)(b)</sup>  | Dolcetto Holdco SpA<sup>(a)(b)</sup>  | Dolcetto Holdco SpA<sup>(a)(b)</sup>  |
| 1498000 | 5.625% | 07/14/32 | $1807953 |
| Endo Finance Holdings LP<sup>(a)(b)</sup>  | Endo Finance Holdings LP<sup>(a)(b)</sup>  | Endo Finance Holdings LP<sup>(a)(b)</sup>  | Endo Finance Holdings LP<sup>(a)(b)</sup>  |
| 350000 | 8.500 | 04/15/31 | 370121 |
| Grifols SA<sup>(a)(b)</sup>  | Grifols SA<sup>(a)(b)</sup>  | Grifols SA<sup>(a)(b)</sup>  | Grifols SA<sup>(a)(b)</sup>  |
| 1515000 | 3.875 | 10/15/28 | 1776446 |
| 1773000 | 4.750 | 10/15/28 | 1747398 |
| 1479000 | 7.125 | 05/01/30 | 1833040 |
| Nidda Healthcare Holding GmbH<sup>(a)(b)</sup>  | Nidda Healthcare Holding GmbH<sup>(a)(b)</sup>  | Nidda Healthcare Holding GmbH<sup>(a)(b)</sup>  | Nidda Healthcare Holding GmbH<sup>(a)(b)</sup>  |
| 110000 | 5.625 | 02/21/30 | 134046 |
| 2378000 | 5.375 | 10/23/30 | 2907101 |
| (3 mo. EUR EURIBOR + 3.250%) | (3 mo. EUR EURIBOR + 3.250%) | (3 mo. EUR EURIBOR + 3.250%) | (3 mo. EUR EURIBOR + 3.250%) |
| 810000 | 5.276 <sup>(c)</sup> | 10/15/32 | 965347 |
| (3 mo. EUR EURIBOR + 3.750%) | (3 mo. EUR EURIBOR + 3.750%) | (3 mo. EUR EURIBOR + 3.750%) | (3 mo. EUR EURIBOR + 3.750%) |
| 1232000 | 5.814 <sup>(c)</sup> | 10/23/30 | 1473275 |
| Option Care Health, Inc.<sup>(a)(b)</sup>  | Option Care Health, Inc.<sup>(a)(b)</sup>  | Option Care Health, Inc.<sup>(a)(b)</sup>  | Option Care Health, Inc.<sup>(a)(b)</sup>  |
| 2700000 | 4.375 | 10/31/29 | 2643570 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV<sup>(a)(b)</sup>  | Organon & Co./Organon Foreign Debt Co-Issuer BV<sup>(a)(b)</sup>  | Organon & Co./Organon Foreign Debt Co-Issuer BV<sup>(a)(b)</sup>  | Organon & Co./Organon Foreign Debt Co-Issuer BV<sup>(a)(b)</sup>  |
| 985000 | 5.125 | 04/30/31 | 894183 |
| Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV | Teva Pharmaceutical Finance Netherlands III BV |
| 700000 | 3.150 | 10/01/26 | 694246 |
|  |  |  | 28869311 |
| **Pipelines<sup>(a)</sup> – 1.7%** | **Pipelines<sup>(a)</sup> – 1.7%** | **Pipelines<sup>(a)</sup> – 1.7%** | **Pipelines<sup>(a)</sup> – 1.7%** |
| Antero Midstream Partners LP/Antero Midstream Finance Corp.<sup>(b)</sup>  | Antero Midstream Partners LP/Antero Midstream Finance Corp.<sup>(b)</sup>  | Antero Midstream Partners LP/Antero Midstream Finance Corp.<sup>(b)</sup>  | Antero Midstream Partners LP/Antero Midstream Finance Corp.<sup>(b)</sup>  |
| 1850000 | 5.375 | 06/15/29 | 1852830 |
| CNX Midstream Partners LP<sup>(b)</sup>  | CNX Midstream Partners LP<sup>(b)</sup>  | CNX Midstream Partners LP<sup>(b)</sup>  | CNX Midstream Partners LP<sup>(b)</sup>  |
| 800000 | 4.750 | 04/15/30 | 777672 |
| Delek Logistics Partners LP/Delek Logistics Finance Corp.<sup>(b)</sup>  | Delek Logistics Partners LP/Delek Logistics Finance Corp.<sup>(b)</sup>  | Delek Logistics Partners LP/Delek Logistics Finance Corp.<sup>(b)</sup>  | Delek Logistics Partners LP/Delek Logistics Finance Corp.<sup>(b)</sup>  |
| 2899000 | 7.375 | 06/30/33 | 2984028 |
| Genesis Energy LP/Genesis Energy Finance Corp. | Genesis Energy LP/Genesis Energy Finance Corp. | Genesis Energy LP/Genesis Energy Finance Corp. | Genesis Energy LP/Genesis Energy Finance Corp. |
| 650000 | 8.875 | 04/15/30 | 683520 |
| 625000 | 7.875 | 05/15/32 | 652269 |
| Hess Midstream Operations LP<sup>(b)</sup>  | Hess Midstream Operations LP<sup>(b)</sup>  | Hess Midstream Operations LP<sup>(b)</sup>  | Hess Midstream Operations LP<sup>(b)</sup>  |
| 1201000 | 6.500 | 06/01/29 | 1243131 |
| ITT Holdings LLC<sup>(b)</sup>  | ITT Holdings LLC<sup>(b)</sup>  | ITT Holdings LLC<sup>(b)</sup>  | ITT Holdings LLC<sup>(b)</sup>  |
| 2765000 | 6.500 | 08/01/29 | 2665875 |
| NFE Financing LLC<sup>(b)</sup>  | NFE Financing LLC<sup>(b)</sup>  | NFE Financing LLC<sup>(b)</sup>  | NFE Financing LLC<sup>(b)</sup>  |
| 800000 | 12.000 | 11/15/29 | 282936 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| 71000 | 5.600 | 04/01/44 | 67348 |
| 549000 | 5.450 | 06/01/47 | 510537 |
| Summit Midstream Holdings LLC<sup>(b)</sup>  | Summit Midstream Holdings LLC<sup>(b)</sup>  | Summit Midstream Holdings LLC<sup>(b)</sup>  | Summit Midstream Holdings LLC<sup>(b)</sup>  |
| 1825000 | 8.625 | 10/31/29 | 1906103 |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(b)</sup>  | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(b)</sup>  | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(b)</sup>  | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<sup>(b)</sup>  |
| 1462000 | 7.375 | 02/15/29 | 1515188 |
| 2681000 | 6.000 | 12/31/30 | 2720732 |
| 743000 | 6.750 | 03/15/34 | 756173 |
| TransMontaigne Partners LLC<sup>(b)</sup>  | TransMontaigne Partners LLC<sup>(b)</sup>  | TransMontaigne Partners LLC<sup>(b)</sup>  | TransMontaigne Partners LLC<sup>(b)</sup>  |
| 1237000 | 8.500 | 06/15/30 | 1283313 |
| Venture Global Calcasieu Pass LLC<sup>(b)</sup>  | Venture Global Calcasieu Pass LLC<sup>(b)</sup>  | Venture Global Calcasieu Pass LLC<sup>(b)</sup>  | Venture Global Calcasieu Pass LLC<sup>(b)</sup>  |
| 750000 | 4.125 | 08/15/31 | 692130 |
| 1415000 | 3.875 | 11/01/33 | 1231064 |
| Venture Global LNG, Inc.<sup>(b)</sup>  | Venture Global LNG, Inc.<sup>(b)</sup>  | Venture Global LNG, Inc.<sup>(b)</sup>  | Venture Global LNG, Inc.<sup>(b)</sup>  |
| 200000 | 9.500 | 02/01/29 | 213072 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Pipelines<sup>(a)</sup> – (continued)** | **Pipelines<sup>(a)</sup> – (continued)** | **Pipelines<sup>(a)</sup> – (continued)** | **Pipelines<sup>(a)</sup> – (continued)** |
| Venture Global LNG, Inc.<sup>(b)</sup> – (continued) | Venture Global LNG, Inc.<sup>(b)</sup> – (continued) | Venture Global LNG, Inc.<sup>(b)</sup> – (continued) | Venture Global LNG, Inc.<sup>(b)</sup> – (continued) |
| 2627000 | 8.375% | 06/01/31 | $2687158 |
| 450000 | 9.875 | 02/01/32 | 476321 |
| (5 yr. CMT + 5.440%) | (5 yr. CMT + 5.440%) | (5 yr. CMT + 5.440%) | (5 yr. CMT + 5.440%) |
| 1917000 | 9.000 <sup>(c)</sup> | 09/30/29 | 1688206 |
| Venture Global Plaquemines LNG LLC<sup>(b)</sup>  | Venture Global Plaquemines LNG LLC<sup>(b)</sup>  | Venture Global Plaquemines LNG LLC<sup>(b)</sup>  | Venture Global Plaquemines LNG LLC<sup>(b)</sup>  |
| 2271000 | 7.500 | 05/01/33 | 2489879 |
| 1170000 | 6.500 | 01/15/34 | 1215103 |
| 500000 | 7.750 | 05/01/35 | 557650 |
| 2278000 | 6.750 | 01/15/36 | 2388529 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 1305000 | 5.250 | 02/01/50 | 1120356 |
|  |  |  | 34661123 |
| **Real Estate<sup>(a)</sup> – 0.5%** | **Real Estate<sup>(a)</sup> – 0.5%** | **Real Estate<sup>(a)</sup> – 0.5%** | **Real Estate<sup>(a)</sup> – 0.5%** |
| Adler Financing SARL<sup>(d)</sup>  | Adler Financing SARL<sup>(d)</sup>  | Adler Financing SARL<sup>(d)</sup>  | Adler Financing SARL<sup>(d)</sup>  |
| 1753713 | 8.250 | 12/31/28 | 2296638 |
| Aldar Properties PJSC<sup>(c)</sup> (5 yr. CMT + 2.042%) | Aldar Properties PJSC<sup>(c)</sup> (5 yr. CMT + 2.042%) | Aldar Properties PJSC<sup>(c)</sup> (5 yr. CMT + 2.042%) | Aldar Properties PJSC<sup>(c)</sup> (5 yr. CMT + 2.042%) |
| 705000 | 6.623 | 04/15/55 | 727913 |
| Howard Hughes Corp.<sup>(b)</sup>  | Howard Hughes Corp.<sup>(b)</sup>  | Howard Hughes Corp.<sup>(b)</sup>  | Howard Hughes Corp.<sup>(b)</sup>  |
| 710000 | 4.375 | 02/01/31 | 672512 |
| Kennedy-Wilson, Inc. | Kennedy-Wilson, Inc. | Kennedy-Wilson, Inc. | Kennedy-Wilson, Inc. |
| 535000 | 4.750 | 03/01/29 | 523701 |
| Neinor Homes SA<sup>(b)</sup>  | Neinor Homes SA<sup>(b)</sup>  | Neinor Homes SA<sup>(b)</sup>  | Neinor Homes SA<sup>(b)</sup>  |
| 143000 | 5.875 | 02/15/30 | 176202 |
| Samhallsbyggnadsbolaget I Norden Holding AB | Samhallsbyggnadsbolaget I Norden Holding AB | Samhallsbyggnadsbolaget I Norden Holding AB | Samhallsbyggnadsbolaget I Norden Holding AB |
| 4480000 | 2.250 | 07/12/27 | 5049786 |
| Via Celere Desarrollos Inmobiliarios SA<sup>(b)</sup>  | Via Celere Desarrollos Inmobiliarios SA<sup>(b)</sup>  | Via Celere Desarrollos Inmobiliarios SA<sup>(b)</sup>  | Via Celere Desarrollos Inmobiliarios SA<sup>(b)</sup>  |
| 1086000 | 4.875 | 04/15/31 | 1281381 |
|  |  |  | 10728133 |
| **Real Estate Investment Trust<sup>(a)</sup> – 2.1%** | **Real Estate Investment Trust<sup>(a)</sup> – 2.1%** | **Real Estate Investment Trust<sup>(a)</sup> – 2.1%** | **Real Estate Investment Trust<sup>(a)</sup> – 2.1%** |
| Apollo Commercial Real Estate Finance, Inc.<sup>(b)</sup>  | Apollo Commercial Real Estate Finance, Inc.<sup>(b)</sup>  | Apollo Commercial Real Estate Finance, Inc.<sup>(b)</sup>  | Apollo Commercial Real Estate Finance, Inc.<sup>(b)</sup>  |
| 2050000 | 4.625 | 06/15/29 | 2043071 |
| Arbor Realty SR, Inc.<sup>(b)</sup>  | Arbor Realty SR, Inc.<sup>(b)</sup>  | Arbor Realty SR, Inc.<sup>(b)</sup>  | Arbor Realty SR, Inc.<sup>(b)</sup>  |
| 1300000 | 8.500 | 12/15/28 | 1270763 |
| 960000 | 7.875 | 07/15/30 | 880848 |
| Blackstone Mortgage Trust, Inc.<sup>(b)</sup>  | Blackstone Mortgage Trust, Inc.<sup>(b)</sup>  | Blackstone Mortgage Trust, Inc.<sup>(b)</sup>  | Blackstone Mortgage Trust, Inc.<sup>(b)</sup>  |
| 1210000 | 7.750 | 12/01/29 | 1296007 |
| Brandywine Operating Partnership LP | Brandywine Operating Partnership LP | Brandywine Operating Partnership LP | Brandywine Operating Partnership LP |
| 1529000 | 8.875 | 04/12/29 | 1641825 |
| Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC<sup>(b)</sup>  | Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC<sup>(b)</sup>  | Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC<sup>(b)</sup>  | Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC<sup>(b)</sup>  |
| 3083000 | 4.500 | 04/01/27 | 3040948 |
| Diversified Healthcare Trust | Diversified Healthcare Trust | Diversified Healthcare Trust | Diversified Healthcare Trust |
| 1050000 | 4.750 | 02/15/28 | 1017607 |
| 3505000 | 4.375 | 03/01/31 | 3126285 |
| Iron Mountain, Inc.<sup>(b)</sup>  | Iron Mountain, Inc.<sup>(b)</sup>  | Iron Mountain, Inc.<sup>(b)</sup>  | Iron Mountain, Inc.<sup>(b)</sup>  |
| 1000000 | 4.875 | 09/15/27 | 998910 |
| 1935000 | 4.875 | 09/15/29 | 1908026 |
| 1175000 | 4.500 | 02/15/31 | 1121690 |
| 850000 | 4.750 | 01/15/34 | 982459 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.<sup>(b)</sup> | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.<sup>(b)</sup> | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.<sup>(b)</sup> | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.<sup>(b)</sup> |
| 200000 | 4.250 | 02/01/27 | 198858 |
| 1000000 | 4.750 | 06/15/29 | 991560 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Real Estate Investment Trust<sup>(a)</sup> – (continued)** | **Real Estate Investment Trust<sup>(a)</sup> – (continued)** | **Real Estate Investment Trust<sup>(a)</sup> – (continued)** | **Real Estate Investment Trust<sup>(a)</sup> – (continued)** | **Real Estate Investment Trust<sup>(a)</sup> – (continued)** |
|  Millrose Properties, Inc.<sup>(b)</sup>  | Millrose Properties, Inc.<sup>(b)</sup>  | Millrose Properties, Inc.<sup>(b)</sup>  | Millrose Properties, Inc.<sup>(b)</sup>  | Millrose Properties, Inc.<sup>(b)</sup>  |
|  $ | 2499000 | 6.250% | 09/15/32 | $2526789 |
|  MPT Operating Partnership LP/MPT Finance Corp. | MPT Operating Partnership LP/MPT Finance Corp. | MPT Operating Partnership LP/MPT Finance Corp. | MPT Operating Partnership LP/MPT Finance Corp. | MPT Operating Partnership LP/MPT Finance Corp. |
|  | 2555000 | 5.000 | 10/15/27 | 2496925 |
|  | 775000 | 8.500 <sup>(b)</sup> | 02/15/32 | 830064 |
|  RLJ Lodging Trust LP<sup>(b)</sup>  | RLJ Lodging Trust LP<sup>(b)</sup>  | RLJ Lodging Trust LP<sup>(b)</sup>  | RLJ Lodging Trust LP<sup>(b)</sup>  | RLJ Lodging Trust LP<sup>(b)</sup>  |
|  | 2257000 | 3.750 | 07/01/26 | 2244880 |
|  | 1229000 | 4.000 | 09/15/29 | 1167194 |
|  Service Properties Trust | Service Properties Trust | Service Properties Trust | Service Properties Trust | Service Properties Trust |
|  | 1480000 | 5.500 | 12/15/27 | 1468367 |
|  | 350000 | 3.950 | 01/15/28 | 331604 |
|  | 885000 | 4.375 | 02/15/30 | 767242 |
|  Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  | Starwood Property Trust, Inc.<sup>(b)</sup>  |
|  | 700000 | 3.625 | 07/15/26 | 695352 |
|  | 350000 | 6.500 | 07/01/30 | 364185 |
|  | 300000 | 6.500 | 10/15/30 | 312711 |
|  Trust 2401 | Trust 2401 | Trust 2401 | Trust 2401 | Trust 2401 |
|  | 690000 | 7.375 | 02/13/34 | 755136 |
|  | 533000 | 6.390 <sup>(b)</sup> | 01/15/50 | 510816 |
|  Trust Fibra Uno | Trust Fibra Uno | Trust Fibra Uno | Trust Fibra Uno | Trust Fibra Uno |
|  | 272000 | 6.390 | 01/15/50 | 255968 |
|  Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC<sup>(b)</sup>  |
|  | 1110000 | 6.000 | 01/15/30 | 1057264 |
|  Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC<sup>(b)</sup>  | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC<sup>(b)</sup>  |
|  | 2794000 | 6.500 | 02/15/29 | 2719680 |
|  | 2490000 | 8.625 | 06/15/32 | 2513954 |
|  |  |  |  | 41536988 |
|  **Retailing – 2.0%** | **Retailing – 2.0%** | **Retailing – 2.0%** | **Retailing – 2.0%** | **Retailing – 2.0%** |
|  1011778 BC ULC/New Red Finance, Inc.<sup>(a)(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)(b)</sup>  | 1011778 BC ULC/New Red Finance, Inc.<sup>(a)(b)</sup>  |
|  | 1000000 | 4.375 | 01/15/28 | 992910 |
|  | 1381000 | 5.625 | 09/15/29 | 1404974 |
|  Advance Auto Parts, Inc.<sup>(a)(b)</sup>  | Advance Auto Parts, Inc.<sup>(a)(b)</sup>  | Advance Auto Parts, Inc.<sup>(a)(b)</sup>  | Advance Auto Parts, Inc.<sup>(a)(b)</sup>  | Advance Auto Parts, Inc.<sup>(a)(b)</sup>  |
|  | 2175000 | 7.375 | 08/01/33 | 2204188 |
|  Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  | Asbury Automotive Group, Inc.<sup>(a)</sup>  |
|  | 2782000 | 4.500 | 03/01/28 | 2772736 |
|  | 678000 | 4.625 <sup>(b)</sup> | 11/15/29 | 667091 |
|  Bath & Body Works, Inc. | Bath & Body Works, Inc. | Bath & Body Works, Inc. | Bath & Body Works, Inc. | Bath & Body Works, Inc. |
|  | 325000 | 5.250 | 02/01/28 | 327798 |
|  | 2055000 | 6.875 | 11/01/35 | 2078489 |
|  | 485000 | 6.750 | 07/01/36 | 483613 |
|  BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<sup>(a)(b)</sup>  | BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<sup>(a)(b)</sup>  | BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<sup>(a)(b)</sup>  | BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<sup>(a)(b)</sup>  | BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<sup>(a)(b)</sup>  |
|  | 600000 | 9.500 | 07/01/32 | 572148 |
|  Bloomin' Brands, Inc./OSI Restaurant Partners LLC<sup>(a)(b)</sup>  | Bloomin' Brands, Inc./OSI Restaurant Partners LLC<sup>(a)(b)</sup>  | Bloomin' Brands, Inc./OSI Restaurant Partners LLC<sup>(a)(b)</sup>  | Bloomin' Brands, Inc./OSI Restaurant Partners LLC<sup>(a)(b)</sup>  | Bloomin' Brands, Inc./OSI Restaurant Partners LLC<sup>(a)(b)</sup>  |
|  | 1155000 | 5.125 | 04/15/29 | 1025998 |
|  Boots Group Finco LP<sup>(a)(b)</sup>  | Boots Group Finco LP<sup>(a)(b)</sup>  | Boots Group Finco LP<sup>(a)(b)</sup>  | Boots Group Finco LP<sup>(a)(b)</sup>  | Boots Group Finco LP<sup>(a)(b)</sup>  |
|  EUR | 2471000 | 5.375 | 08/31/32 | 3024660 |
|  Carvana Co.<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 11.000%) | Carvana Co.<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 11.000%) | Carvana Co.<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 11.000%) | Carvana Co.<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 11.000%) | Carvana Co.<sup>(a)(b)(d)</sup> (PIK 13.000%, Cash 11.000%) |
|  $ | 461000 | 9.000 | 06/01/30 | 480809 |
|  CD&R Firefly Bidco PLC<sup>(a)(b)</sup>  | CD&R Firefly Bidco PLC<sup>(a)(b)</sup>  | CD&R Firefly Bidco PLC<sup>(a)(b)</sup>  | CD&R Firefly Bidco PLC<sup>(a)(b)</sup>  | CD&R Firefly Bidco PLC<sup>(a)(b)</sup>  |
|  GBP | 697000 | 8.625 | 04/30/29 | 1000321 |
|  Cougar JV Subsidiary LLC<sup>(a)(b)</sup>  | Cougar JV Subsidiary LLC<sup>(a)(b)</sup>  | Cougar JV Subsidiary LLC<sup>(a)(b)</sup>  | Cougar JV Subsidiary LLC<sup>(a)(b)</sup>  | Cougar JV Subsidiary LLC<sup>(a)(b)</sup>  |
|  $ | 1781000 | 8.000 | 05/15/32 | 1902785 |
|  EG Global Finance PLC<sup>(a)(b)</sup>  | EG Global Finance PLC<sup>(a)(b)</sup>  | EG Global Finance PLC<sup>(a)(b)</sup>  | EG Global Finance PLC<sup>(a)(b)</sup>  | EG Global Finance PLC<sup>(a)(b)</sup>  |
|  EUR | 900000 | 11.000 | 11/30/28 | 1152565 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Retailing – (continued)** | **Retailing – (continued)** | **Retailing – (continued)** | **Retailing – (continued)** |
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.<sup>(a)(b)</sup> | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.<sup>(a)(b)</sup> | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.<sup>(a)(b)</sup> | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.<sup>(a)(b)</sup> |
| 1565000 | 4.625% | 01/15/29 | $1514357 |
| 1400000 | 6.750 | 01/15/30 | 1323028 |
| Gap, Inc.<sup>(a)(b)</sup>  | Gap, Inc.<sup>(a)(b)</sup>  | Gap, Inc.<sup>(a)(b)</sup>  | Gap, Inc.<sup>(a)(b)</sup>  |
| 1000000 | 3.625 | 10/01/29 | 950810 |
| LBM Acquisition LLC<sup>(a)(b)</sup>  | LBM Acquisition LLC<sup>(a)(b)</sup>  | LBM Acquisition LLC<sup>(a)(b)</sup>  | LBM Acquisition LLC<sup>(a)(b)</sup>  |
| 1279000 | 6.250 | 01/15/29 | 1182461 |
| 2927000 | 9.500 | 06/15/31 | 3084180 |
| LCM Investments Holdings II LLC<sup>(a)(b)</sup>  | LCM Investments Holdings II LLC<sup>(a)(b)</sup>  | LCM Investments Holdings II LLC<sup>(a)(b)</sup>  | LCM Investments Holdings II LLC<sup>(a)(b)</sup>  |
| 2359000 | 4.875 | 05/01/29 | 2324677 |
| Macy's Retail Holdings LLC<sup>(a)(b)</sup>  | Macy's Retail Holdings LLC<sup>(a)(b)</sup>  | Macy's Retail Holdings LLC<sup>(a)(b)</sup>  | Macy's Retail Holdings LLC<sup>(a)(b)</sup>  |
| 1653000 | 7.375 | 08/01/33 | 1746676 |
| Neiman Marcus Group Ltd. LLC<sup>(e)(g)(h)</sup>  | Neiman Marcus Group Ltd. LLC<sup>(e)(g)(h)</sup>  | Neiman Marcus Group Ltd. LLC<sup>(e)(g)(h)</sup>  | Neiman Marcus Group Ltd. LLC<sup>(e)(g)(h)</sup>  |
| 605000 | 0.000 | 10/15/21 |  |
| Papa John's International, Inc.<sup>(a)(b)</sup>  | Papa John's International, Inc.<sup>(a)(b)</sup>  | Papa John's International, Inc.<sup>(a)(b)</sup>  | Papa John's International, Inc.<sup>(a)(b)</sup>  |
| 404000 | 3.875 | 09/15/29 | 385881 |
| PetSmart LLC/PetSmart Finance Corp.<sup>(a)(b)</sup>  | PetSmart LLC/PetSmart Finance Corp.<sup>(a)(b)</sup>  | PetSmart LLC/PetSmart Finance Corp.<sup>(a)(b)</sup>  | PetSmart LLC/PetSmart Finance Corp.<sup>(a)(b)</sup>  |
| 1850000 | 7.500 | 09/15/32 | 1897119 |
| QXO Building Products, Inc.<sup>(a)(b)</sup>  | QXO Building Products, Inc.<sup>(a)(b)</sup>  | QXO Building Products, Inc.<sup>(a)(b)</sup>  | QXO Building Products, Inc.<sup>(a)(b)</sup>  |
| 375000 | 6.750 | 04/30/32 | 386771 |
| Rite Aid Corp.<sup>(e)(g)(h)</sup>  | Rite Aid Corp.<sup>(e)(g)(h)</sup>  | Rite Aid Corp.<sup>(e)(g)(h)</sup>  | Rite Aid Corp.<sup>(e)(g)(h)</sup>  |
| 34147 | 0.000 | 08/30/34 |  |
| Victoria's Secret & Co.<sup>(a)(b)</sup>  | Victoria's Secret & Co.<sup>(a)(b)</sup>  | Victoria's Secret & Co.<sup>(a)(b)</sup>  | Victoria's Secret & Co.<sup>(a)(b)</sup>  |
| 2002000 | 4.625 | 07/15/29 | 1959317 |
| White Cap Supply Holdings LLC<sup>(a)(b)</sup>  | White Cap Supply Holdings LLC<sup>(a)(b)</sup>  | White Cap Supply Holdings LLC<sup>(a)(b)</sup>  | White Cap Supply Holdings LLC<sup>(a)(b)</sup>  |
| 1754000 | 7.375 | 11/15/30 | 1822090 |
| Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. | Yum! Brands, Inc. |
| 650000 | 6.875 | 11/15/37 | 716040 |
|  |  |  | 39384492 |
| **Semiconductors<sup>(a)(b)</sup> – 0.5%** | **Semiconductors<sup>(a)(b)</sup> – 0.5%** | **Semiconductors<sup>(a)(b)</sup> – 0.5%** | **Semiconductors<sup>(a)(b)</sup> – 0.5%** |
| BE Semiconductor Industries NV | BE Semiconductor Industries NV | BE Semiconductor Industries NV | BE Semiconductor Industries NV |
| 1240000 | 4.500 | 07/15/31 | 1526936 |
| Entegris, Inc. | Entegris, Inc. | Entegris, Inc. | Entegris, Inc. |
| 673000 | 4.750 | 04/15/29 | 672892 |
| 345000 | 3.625 | 05/01/29 | 332494 |
| Kioxia Holdings Corp. | Kioxia Holdings Corp. | Kioxia Holdings Corp. | Kioxia Holdings Corp. |
| 1318000 | 6.250 | 07/24/30 | 1362417 |
| 2789000 | 6.625 | 07/24/33 | 2914923 |
| MKS, Inc. | MKS, Inc. | MKS, Inc. | MKS, Inc. |
| 500000 | 4.250 | 02/15/34 | 592272 |
| ON Semiconductor Corp. | ON Semiconductor Corp. | ON Semiconductor Corp. | ON Semiconductor Corp. |
| 1026000 | 3.875 | 09/01/28 | 1004967 |
| Synaptics, Inc. | Synaptics, Inc. | Synaptics, Inc. | Synaptics, Inc. |
| 2061000 | 4.000 | 06/15/29 | 1998552 |
|  |  |  | 10405453 |
| **Software – 1.6%** | **Software – 1.6%** | **Software – 1.6%** | **Software – 1.6%** |
| Asmodee Group AB<sup>(a)(b)</sup>  | Asmodee Group AB<sup>(a)(b)</sup>  | Asmodee Group AB<sup>(a)(b)</sup>  | Asmodee Group AB<sup>(a)(b)</sup>  |
| 613867 | 5.750 | 12/15/29 | 764415 |
| Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.<sup>(a)(b)</sup> | Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.<sup>(a)(b)</sup> | Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.<sup>(a)(b)</sup> | Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc.<sup>(a)(b)</sup> |
| 1025000 | 8.000 | 06/15/29 | 797153 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Software – (continued)** | **Software – (continued)** | **Software – (continued)** | **Software – (continued)** |
| Cloud Software Group, Inc.<sup>(a)(b)</sup>  | Cloud Software Group, Inc.<sup>(a)(b)</sup>  | Cloud Software Group, Inc.<sup>(a)(b)</sup>  | Cloud Software Group, Inc.<sup>(a)(b)</sup>  |
| 4925000 | 6.500% | 03/31/29 | $4894662 |
| 4813000 | 9.000 | 09/30/29 | 4867820 |
| 2448000 | 8.250 | 06/30/32 | 2491207 |
| CoreWeave, Inc.<sup>(a)(b)</sup>  | CoreWeave, Inc.<sup>(a)(b)</sup>  | CoreWeave, Inc.<sup>(a)(b)</sup>  | CoreWeave, Inc.<sup>(a)(b)</sup>  |
| 1323000 | 9.250 | 06/01/30 | 1302639 |
| 1327000 | 9.000 | 02/01/31 | 1290494 |
| Elastic NV<sup>(a)(b)</sup>  | Elastic NV<sup>(a)(b)</sup>  | Elastic NV<sup>(a)(b)</sup>  | Elastic NV<sup>(a)(b)</sup>  |
| 2069000 | 4.125 | 07/15/29 | 1989095 |
| Mavenir PLC<sup>(e)(h)</sup>  | Mavenir PLC<sup>(e)(h)</sup>  | Mavenir PLC<sup>(e)(h)</sup>  | Mavenir PLC<sup>(e)(h)</sup>  |
| 79863 | 0.000 | 12/31/25 | 188477 |
| Oracle Corp.<sup>(a)</sup>  | Oracle Corp.<sup>(a)</sup>  | Oracle Corp.<sup>(a)</sup>  | Oracle Corp.<sup>(a)</sup>  |
| 1329000 | 3.650 | 03/25/41 | 969798 |
| Pagaya U.S. Holdings Co. LLC<sup>(a)(b)</sup>  | Pagaya U.S. Holdings Co. LLC<sup>(a)(b)</sup>  | Pagaya U.S. Holdings Co. LLC<sup>(a)(b)</sup>  | Pagaya U.S. Holdings Co. LLC<sup>(a)(b)</sup>  |
| 1245000 | 8.875 | 08/01/30 | 1111499 |
| PTC, Inc.<sup>(a)(b)</sup>  | PTC, Inc.<sup>(a)(b)</sup>  | PTC, Inc.<sup>(a)(b)</sup>  | PTC, Inc.<sup>(a)(b)</sup>  |
| 1347000 | 4.000 | 02/15/28 | 1327105 |
| Rocket Software, Inc.<sup>(a)(b)</sup>  | Rocket Software, Inc.<sup>(a)(b)</sup>  | Rocket Software, Inc.<sup>(a)(b)</sup>  | Rocket Software, Inc.<sup>(a)(b)</sup>  |
| 3272000 | 9.000 | 11/28/28 | 3266830 |
| SS&C Technologies, Inc.<sup>(a)(b)</sup>  | SS&C Technologies, Inc.<sup>(a)(b)</sup>  | SS&C Technologies, Inc.<sup>(a)(b)</sup>  | SS&C Technologies, Inc.<sup>(a)(b)</sup>  |
| 2710000 | 6.500 | 06/01/32 | 2798915 |
| TeamSystem SpA<sup>(a)(b)</sup>  | TeamSystem SpA<sup>(a)(b)</sup>  | TeamSystem SpA<sup>(a)(b)</sup>  | TeamSystem SpA<sup>(a)(b)</sup>  |
| 1247000 | 5.000 | 07/01/31 | 1463350 |
| X.AI LLC/X.AI Co. Issuer Corp.<sup>(a)</sup>  | X.AI LLC/X.AI Co. Issuer Corp.<sup>(a)</sup>  | X.AI LLC/X.AI Co. Issuer Corp.<sup>(a)</sup>  | X.AI LLC/X.AI Co. Issuer Corp.<sup>(a)</sup>  |
| 2135000 | 12.500 | 06/30/30 | 2358406 |
|  |  |  | 31881865 |
| **Telecommunication Services – 2.8%** | **Telecommunication Services – 2.8%** | **Telecommunication Services – 2.8%** | **Telecommunication Services – 2.8%** |
| Africell Holding Ltd.<sup>(a)</sup>  | Africell Holding Ltd.<sup>(a)</sup>  | Africell Holding Ltd.<sup>(a)</sup>  | Africell Holding Ltd.<sup>(a)</sup>  |
| 515000 | 10.500 | 10/23/29 | 515304 |
| Altice France SA<sup>(a)(b)</sup>  | Altice France SA<sup>(a)(b)</sup>  | Altice France SA<sup>(a)(b)</sup>  | Altice France SA<sup>(a)(b)</sup>  |
| 359756 | 7.250 | 11/01/29 | 430761 |
| 950147 | 4.750 | 10/15/30 | 1087501 |
| 2973358 | 6.875 | 10/15/30 | 2910085 |
| 2218598 | 6.875 | 07/15/32 | 2164730 |
| APLD ComputeCo LLC<sup>(a)(b)</sup>  | APLD ComputeCo LLC<sup>(a)(b)</sup>  | APLD ComputeCo LLC<sup>(a)(b)</sup>  | APLD ComputeCo LLC<sup>(a)(b)</sup>  |
| 3290000 | 9.250 | 12/15/30 | 3418047 |
| C&W Senior Finance Ltd.<sup>(a)</sup>  | C&W Senior Finance Ltd.<sup>(a)</sup>  | C&W Senior Finance Ltd.<sup>(a)</sup>  | C&W Senior Finance Ltd.<sup>(a)</sup>  |
| 840000 | 9.000 <sup>(b)</sup> | 01/15/33 | 872416 |
| 950000 | 9.000 | 01/15/33 | 986660 |
| Connect Finco SARL/Connect U.S. Finco LLC<sup>(a)(b)</sup>  | Connect Finco SARL/Connect U.S. Finco LLC<sup>(a)(b)</sup>  | Connect Finco SARL/Connect U.S. Finco LLC<sup>(a)(b)</sup>  | Connect Finco SARL/Connect U.S. Finco LLC<sup>(a)(b)</sup>  |
| 1330000 | 9.000 | 09/15/29 | 1411915 |
| Digicel International Finance Ltd./Difl U.S. LLC<sup>(a)</sup>  | Digicel International Finance Ltd./Difl U.S. LLC<sup>(a)</sup>  | Digicel International Finance Ltd./Difl U.S. LLC<sup>(a)</sup>  | Digicel International Finance Ltd./Difl U.S. LLC<sup>(a)</sup>  |
| 2573000 | 8.625 <sup>(b)</sup> | 08/01/32 | 2675457 |
| 1000000 | 8.625 | 08/01/32 | 1039820 |
| EchoStar Corp.<sup>(a)(d)</sup> (PIK 6.750%, Cash 6.750%) | EchoStar Corp.<sup>(a)(d)</sup> (PIK 6.750%, Cash 6.750%) | EchoStar Corp.<sup>(a)(d)</sup> (PIK 6.750%, Cash 6.750%) | EchoStar Corp.<sup>(a)(d)</sup> (PIK 6.750%, Cash 6.750%) |
| 2247000 | 6.750 | 11/30/30 | 2283963 |
| Flash Compute LLC<sup>(a)(b)</sup>  | Flash Compute LLC<sup>(a)(b)</sup>  | Flash Compute LLC<sup>(a)(b)</sup>  | Flash Compute LLC<sup>(a)(b)</sup>  |
| 2357000 | 7.250 | 12/31/30 | 2365226 |
| Iliad Holding SAS<sup>(a)(b)</sup>  | Iliad Holding SAS<sup>(a)(b)</sup>  | Iliad Holding SAS<sup>(a)(b)</sup>  | Iliad Holding SAS<sup>(a)(b)</sup>  |
| EUR 500,000 | 5.625 | 10/15/28 | 600895 |
| 1300000 | 7.000 | 10/15/28 | 1313572 |
| 1001000 | 5.375 | 04/15/30 | 1224267 |
| Kaixo Bondco Telecom SA<sup>(a)(b)</sup>  | Kaixo Bondco Telecom SA<sup>(a)(b)</sup>  | Kaixo Bondco Telecom SA<sup>(a)(b)</sup>  | Kaixo Bondco Telecom SA<sup>(a)(b)</sup>  |
| 200000 | 5.125 | 09/30/29 | 239815 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Telecommunication Services – (continued)** | **Telecommunication Services – (continued)** | **Telecommunication Services – (continued)** | **Telecommunication Services – (continued)** |
| Level 3 Financing, Inc.<sup>(a)(b)</sup>  | Level 3 Financing, Inc.<sup>(a)(b)</sup>  | Level 3 Financing, Inc.<sup>(a)(b)</sup>  | Level 3 Financing, Inc.<sup>(a)(b)</sup>  |
| 985000 | 3.750% | 07/15/29 | $910258 |
| 1925000 | 7.000 | 03/31/34 | 1994897 |
| Liberty Costa Rica Senior Secured Finance<sup>(a)</sup>  | Liberty Costa Rica Senior Secured Finance<sup>(a)</sup>  | Liberty Costa Rica Senior Secured Finance<sup>(a)</sup>  | Liberty Costa Rica Senior Secured Finance<sup>(a)</sup>  |
| 419000 | 10.875 | 01/15/31 | 443222 |
| Lorca Telecom Bondco SA<sup>(a)(b)</sup>  | Lorca Telecom Bondco SA<sup>(a)(b)</sup>  | Lorca Telecom Bondco SA<sup>(a)(b)</sup>  | Lorca Telecom Bondco SA<sup>(a)(b)</sup>  |
| 67021 | 4.000 | 09/18/27 | 79453 |
| Lumen Technologies, Inc.<sup>(a)(b)</sup>  | Lumen Technologies, Inc.<sup>(a)(b)</sup>  | Lumen Technologies, Inc.<sup>(a)(b)</sup>  | Lumen Technologies, Inc.<sup>(a)(b)</sup>  |
| 750000 | 4.125 | 04/15/29 | 750000 |
| Odido Group Holding BV<sup>(a)(b)</sup>  | Odido Group Holding BV<sup>(a)(b)</sup>  | Odido Group Holding BV<sup>(a)(b)</sup>  | Odido Group Holding BV<sup>(a)(b)</sup>  |
| 700000 | 5.500 | 01/15/30 | 837304 |
| Odido Holding BV<sup>(a)(b)</sup>  | Odido Holding BV<sup>(a)(b)</sup>  | Odido Holding BV<sup>(a)(b)</sup>  | Odido Holding BV<sup>(a)(b)</sup>  |
| 1865000 | 3.750 | 01/15/29 | 2212313 |
| SoftBank Group Corp.<sup>(a)</sup>  | SoftBank Group Corp.<sup>(a)</sup>  | SoftBank Group Corp.<sup>(a)</sup>  | SoftBank Group Corp.<sup>(a)</sup>  |
| 1379000 | 3.375 | 07/06/29 | 1585870 |
| 4200000 | 7.250 | 07/10/32 | 4228854 |
| 3500000 | 6.375 | 07/10/33 | 4266423 |
| Telecom Argentina SA<sup>(a)</sup>  | Telecom Argentina SA<sup>(a)</sup>  | Telecom Argentina SA<sup>(a)</sup>  | Telecom Argentina SA<sup>(a)</sup>  |
| 270000 | 9.500 | 07/18/31 | 287550 |
| 643000 | 8.500 <sup>(b)</sup> | 01/20/36 | 646601 |
| Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  | Total Play Telecomunicaciones SA de CV<sup>(a)</sup>  |
| 295000 | 11.125 | 12/31/32 | 283893 |
| Turk Telekomunikasyon AS | Turk Telekomunikasyon AS | Turk Telekomunikasyon AS | Turk Telekomunikasyon AS |
| 560000 | 6.950 | 10/07/32 | 571374 |
| Turkcell Iletisim Hizmetleri AS<sup>(a)</sup>  | Turkcell Iletisim Hizmetleri AS<sup>(a)</sup>  | Turkcell Iletisim Hizmetleri AS<sup>(a)</sup>  | Turkcell Iletisim Hizmetleri AS<sup>(a)</sup>  |
| 204000 | 7.650 | 01/24/32 | 216622 |
| Vmed O2 U.K. Financing I PLC<sup>(a)(b)</sup>  | Vmed O2 U.K. Financing I PLC<sup>(a)(b)</sup>  | Vmed O2 U.K. Financing I PLC<sup>(a)(b)</sup>  | Vmed O2 U.K. Financing I PLC<sup>(a)(b)</sup>  |
| 1215000 | 4.250 | 01/31/31 | 1099235 |
| 3165000 | 7.750 | 04/15/32 | 3259539 |
| Windstream Services LLC/Windstream Escrow Finance Corp.<sup>(a)(b)</sup> | Windstream Services LLC/Windstream Escrow Finance Corp.<sup>(a)(b)</sup> | Windstream Services LLC/Windstream Escrow Finance Corp.<sup>(a)(b)</sup> | Windstream Services LLC/Windstream Escrow Finance Corp.<sup>(a)(b)</sup> |
| 800000 | 8.250 | 10/01/31 | 838248 |
| WULF Compute LLC<sup>(a)(b)</sup>  | WULF Compute LLC<sup>(a)(b)</sup>  | WULF Compute LLC<sup>(a)(b)</sup>  | WULF Compute LLC<sup>(a)(b)</sup>  |
| 2440000 | 7.750 | 10/15/30 | 2544578 |
| Zayo Group Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 5.750%, Cash 3.500%) | Zayo Group Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 5.750%, Cash 3.500%) | Zayo Group Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 5.750%, Cash 3.500%) | Zayo Group Holdings, Inc.<sup>(a)(b)(d)</sup> (PIK 5.750%, Cash 3.500%) |
| 3253848 | 9.250 | 03/09/30 | 3176634 |
|  |  |  | 55773302 |
| **Telecommunications<sup>(a)</sup> – 0.0%** | **Telecommunications<sup>(a)</sup> – 0.0%** | **Telecommunications<sup>(a)</sup> – 0.0%** | **Telecommunications<sup>(a)</sup> – 0.0%** |
| Telefonica Moviles Chile SA | Telefonica Moviles Chile SA | Telefonica Moviles Chile SA | Telefonica Moviles Chile SA |
| 830000 | 3.537 | 11/18/31 | 585482 |
| **Transportation<sup>(a)</sup> – 0.3%** | **Transportation<sup>(a)</sup> – 0.3%** | **Transportation<sup>(a)</sup> – 0.3%** | **Transportation<sup>(a)</sup> – 0.3%** |
| First Student Bidco, Inc./First Transit Parent, Inc.<sup>(b)</sup>  | First Student Bidco, Inc./First Transit Parent, Inc.<sup>(b)</sup>  | First Student Bidco, Inc./First Transit Parent, Inc.<sup>(b)</sup>  | First Student Bidco, Inc./First Transit Parent, Inc.<sup>(b)</sup>  |
| 1300000 | 4.000 | 07/31/29 | 1265277 |
| SGL Group ApS<sup>(c)</sup> (3 mo. EUR EURIBOR + 4.750%) | SGL Group ApS<sup>(c)</sup> (3 mo. EUR EURIBOR + 4.750%) | SGL Group ApS<sup>(c)</sup> (3 mo. EUR EURIBOR + 4.750%) | SGL Group ApS<sup>(c)</sup> (3 mo. EUR EURIBOR + 4.750%) |
| 340000 | 6.777 | 04/22/30 | 383488 |
| Yinson Bergenia Production BV<sup>(b)</sup>  | Yinson Bergenia Production BV<sup>(b)</sup>  | Yinson Bergenia Production BV<sup>(b)</sup>  | Yinson Bergenia Production BV<sup>(b)</sup>  |
| 4423000 | 8.498 | 01/31/45 | 4727745 |
|  |  |  | 6376510 |
| **Water<sup>(a)</sup> – 0.2%** | **Water<sup>(a)</sup> – 0.2%** | **Water<sup>(a)</sup> – 0.2%** | **Water<sup>(a)</sup> – 0.2%** |
| Aegea Finance SARL | Aegea Finance SARL | Aegea Finance SARL | Aegea Finance SARL |
| 2779000 | 9.000 <sup>(b)</sup> | 01/20/31 | 2948519 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Water<sup>(a)</sup> – (continued)** | **Water<sup>(a)</sup> – (continued)** | **Water<sup>(a)</sup> – (continued)** | **Water<sup>(a)</sup> – (continued)** |
| Aegea Finance SARL – (continued) | Aegea Finance SARL – (continued) | Aegea Finance SARL – (continued) | Aegea Finance SARL – (continued) |
| 1000000 | 7.625% | 01/20/36 | $976000 |
|  |  |  | 3924519 |
| **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $1,098,851,957)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $1,098,851,957)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $1,098,851,957)** | $1110328819 |
| **Bank Loans<sup>(i)</sup> – 29.9%** | **Bank Loans<sup>(i)</sup> – 29.9%** | **Bank Loans<sup>(i)</sup> – 29.9%** | **Bank Loans<sup>(i)</sup> – 29.9%** |
| **Aerospace & Defense – 0.7%** | **Aerospace & Defense – 0.7%** | **Aerospace & Defense – 0.7%** | **Aerospace & Defense – 0.7%** |
| Air Comm Corp. LLC | Air Comm Corp. LLC | Air Comm Corp. LLC | Air Comm Corp. LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 944552 | 6.440–6.572% | 12/11/31 | $944552 |
| Barnes Group, Inc. | Barnes Group, Inc. | Barnes Group, Inc. | Barnes Group, Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1208018 | 6.172 | 01/27/32 | 1206943 |
| Cobham Ultra SeniorCo SARL | Cobham Ultra SeniorCo SARL | Cobham Ultra SeniorCo SARL | Cobham Ultra SeniorCo SARL |
| (6 mo. USD Term SOFR + 3.750%) | (6 mo. USD Term SOFR + 3.750%) | (6 mo. USD Term SOFR + 3.750%) | (6 mo. USD Term SOFR + 3.750%) |
| 978449 | 8.370 | 08/03/29 | 977020 |
| Kaman Corp. | Kaman Corp. | Kaman Corp. | Kaman Corp. |
| (3 mo. USD Term SOFR + 2.500%)–(6 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%)–(6 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%)–(6 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%)–(6 mo. USD Term SOFR + 2.500%) |
| 1749590 | 6.322–6.543 | 02/26/32 | 1747158 |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 32434 | 6.146–6.150 | 02/26/32 | 32342 |
| Karman Holdings LLC | Karman Holdings LLC | Karman Holdings LLC | Karman Holdings LLC |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 498748 | 7.172 | 04/01/32 | 499685 |
| Karman Holdings, Inc. | Karman Holdings, Inc. | Karman Holdings, Inc. | Karman Holdings, Inc. |
| 625000 | 0.000 <sup>(j)</sup> | 04/01/32 | 626175 |
| Propulsion (BC) Finco SARL | Propulsion (BC) Finco SARL | Propulsion (BC) Finco SARL | Propulsion (BC) Finco SARL |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 830000 | 6.172 | 12/01/32 | 830523 |
| TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 730295 | 5.922 | 03/22/30 | 729478 |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1999484 | 6.172 | 02/28/31 | 1998164 |
| 1772805 | 6.172 | 01/19/32 | 1771387 |
| 1917500 | 6.172 | 08/19/32 | 1915832 |
|  |  |  | 13279259 |
| **Airlines – 0.1%** | **Airlines – 0.1%** | **Airlines – 0.1%** | **Airlines – 0.1%** |
| American Airlines, Inc. | American Airlines, Inc. | American Airlines, Inc. | American Airlines, Inc. |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 665423 | 5.918 | 04/20/28 | 665423 |
| Spirit Airlines, Inc. | Spirit Airlines, Inc. | Spirit Airlines, Inc. | Spirit Airlines, Inc. |
| 1401278 | 0.000 <sup>(f)</sup> | 07/14/26 | 953736 |
| (1 mo. USD Term SOFR + 8.000%) | (1 mo. USD Term SOFR + 8.000%) | (1 mo. USD Term SOFR + 8.000%) | (1 mo. USD Term SOFR + 8.000%) |
| 631636 | 11.680 | 07/14/26 | 622951 |
|  |  |  | 2242110 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Auto Parts & Equipment – 0.0%** | **Auto Parts & Equipment – 0.0%** | **Auto Parts & Equipment – 0.0%** | **Auto Parts & Equipment – 0.0%** |
| Clarios Global LP | Clarios Global LP | Clarios Global LP | Clarios Global LP |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 973785 | 6.172% | 05/06/30 | $971964 |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 80823 | 6.422 | 01/28/32 | 80848 |
|  |  |  | 1052812 |
| **Banks – 0.4%** | **Banks – 0.4%** | **Banks – 0.4%** | **Banks – 0.4%** |
| Ascensus Group Holdings, Inc. | Ascensus Group Holdings, Inc. | Ascensus Group Holdings, Inc. | Ascensus Group Holdings, Inc. |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 4654152 | 6.672 | 11/24/32 | 4634744 |
| Ascensus Holdings, Inc. | Ascensus Holdings, Inc. | Ascensus Holdings, Inc. | Ascensus Holdings, Inc. |
| (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) |
| 2670000 | 8.922 | 11/25/33 | 2723400 |
| Chrysaor Bidco SARL | Chrysaor Bidco SARL | Chrysaor Bidco SARL | Chrysaor Bidco SARL |
| 700000 | 0.000 <sup>(j)</sup> | 10/30/31 | 702100 |
|  |  |  | 8060244 |
| **Beverages – 0.0%** | **Beverages – 0.0%** | **Beverages – 0.0%** | **Beverages – 0.0%** |
| Pegasus BidCo BV | Pegasus BidCo BV | Pegasus BidCo BV | Pegasus BidCo BV |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 748120 | 6.602 | 07/12/29 | 748120 |
| **Biotechnology – 0.3%** | **Biotechnology – 0.3%** | **Biotechnology – 0.3%** | **Biotechnology – 0.3%** |
| BioMarin Pharmaceutical, Inc. | BioMarin Pharmaceutical, Inc. | BioMarin Pharmaceutical, Inc. | BioMarin Pharmaceutical, Inc. |
| 5000000 | 0.000 <sup>(j)</sup> | 01/28/33 | 5000000 |
| Genmab AS | Genmab AS | Genmab AS | Genmab AS |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 1315000 | 6.733 | 12/13/32 | 1319221 |
|  |  |  | 6319221 |
| **Building & Construction – 0.1%** | **Building & Construction – 0.1%** | **Building & Construction – 0.1%** | **Building & Construction – 0.1%** |
| AAL Delaware Holdco, Inc. | AAL Delaware Holdco, Inc. | AAL Delaware Holdco, Inc. | AAL Delaware Holdco, Inc. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 1364644 | 6.422 | 07/30/31 | 1364221 |
| **Building Materials – 0.6%** | **Building Materials – 0.6%** | **Building Materials – 0.6%** | **Building Materials – 0.6%** |
| Chamberlain Group, Inc. | Chamberlain Group, Inc. | Chamberlain Group, Inc. | Chamberlain Group, Inc. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 4302158 | 6.422 | 09/08/32 | 4295790 |
| CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. | CP Atlas Buyer, Inc. |
| (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) |
| 758738 | 8.922 | 07/08/30 | 743972 |
| Groundworks LLC | Groundworks LLC | Groundworks LLC | Groundworks LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1247468 | 6.673 | 03/14/31 | 1247855 |
| Icebox Holdco III, Inc. | Icebox Holdco III, Inc. | Icebox Holdco III, Inc. | Icebox Holdco III, Inc. |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 1892877 | 6.922 | 12/22/31 | 1896436 |
| (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) |
| 1625000 | 10.172 | 12/22/32 | 1641933 |
| JELD-WEN, Inc. | JELD-WEN, Inc. | JELD-WEN, Inc. | JELD-WEN, Inc. |
| 250000 | 0.000 <sup>(j)</sup> | 07/28/28 | 219765 |
| Quikrete Holdings, Inc. | Quikrete Holdings, Inc. | Quikrete Holdings, Inc. | Quikrete Holdings, Inc. |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 992500 | 5.922 | 02/10/32 | 991756 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Building Materials – (continued)** | **Building Materials – (continued)** | **Building Materials – (continued)** | **Building Materials – (continued)** |
| Wilsonart LLC | Wilsonart LLC | Wilsonart LLC | Wilsonart LLC |
| (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) |
| 712761 | 7.922% | 08/05/31 | $689240 |
|  |  |  | 11726747 |
| **Chemicals – 0.6%** | **Chemicals – 0.6%** | **Chemicals – 0.6%** | **Chemicals – 0.6%** |
| Aruba Investments Holdings LLC | Aruba Investments Holdings LLC | Aruba Investments Holdings LLC | Aruba Investments Holdings LLC |
| (1 mo. USD Term SOFR + 7.750%) | (1 mo. USD Term SOFR + 7.750%) | (1 mo. USD Term SOFR + 7.750%) | (1 mo. USD Term SOFR + 7.750%) |
| 329676 | 11.522 | 11/24/28 | 295060 |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 2722987 | 7.772 | 11/24/27 | 2515849 |
| (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) |
| 213994 | 8.422 | 11/24/27 | 198479 |
| Flexsys Holdings, Inc. | Flexsys Holdings, Inc. | Flexsys Holdings, Inc. | Flexsys Holdings, Inc. |
| (1 mo. USD Term SOFR + 6.250%) | (1 mo. USD Term SOFR + 6.250%) | (1 mo. USD Term SOFR + 6.250%) | (1 mo. USD Term SOFR + 6.250%) |
| 1007745 | 9.922 | 08/01/29 | 615732 |
| (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) |
| 1717813 | 9.036 | 08/01/29 | 139572 |
| Ineos U.S. Finance LLC | Ineos U.S. Finance LLC | Ineos U.S. Finance LLC | Ineos U.S. Finance LLC |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 334223 | 6.922 <sup>(e)</sup> | 02/18/30 | 240641 |
| Lonza Group AG | Lonza Group AG | Lonza Group AG | Lonza Group AG |
| (3 mo. USD Term SOFR + 3.925%) | (3 mo. USD Term SOFR + 3.925%) | (3 mo. USD Term SOFR + 3.925%) | (3 mo. USD Term SOFR + 3.925%) |
| 924211 | 7.697 | 07/03/28 | 779230 |
| Nouryon Finance BV | Nouryon Finance BV | Nouryon Finance BV | Nouryon Finance BV |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 748111 | 6.917 | 04/03/28 | 746473 |
| (6 mo. USD Term SOFR + 3.250%) | (6 mo. USD Term SOFR + 3.250%) | (6 mo. USD Term SOFR + 3.250%) | (6 mo. USD Term SOFR + 3.250%) |
| 2294663 | 7.036 | 04/03/28 | 2289890 |
| Paint Intermediate III LLC | Paint Intermediate III LLC | Paint Intermediate III LLC | Paint Intermediate III LLC |
| 588518 | 0.000 <sup>(j)</sup> | 10/09/31 | 585946 |
| SCIH Salt Holdings, Inc. | SCIH Salt Holdings, Inc. | SCIH Salt Holdings, Inc. | SCIH Salt Holdings, Inc. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1531418 | 6.522 | 01/31/29 | 1531418 |
| Tronox Finance LLC | Tronox Finance LLC | Tronox Finance LLC | Tronox Finance LLC |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 505918 | 5.922 | 04/04/29 | 432919 |
| 687905 | 0.000 <sup>(j)</sup> | 09/30/31 | 555676 |
| USALCO LLC | USALCO LLC | USALCO LLC | USALCO LLC |
| (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) |
| 1004919 | 7.172 | 09/30/31 | 1002096 |
|  |  |  | 11928981 |
| **Commercial Services – 2.6%** | **Commercial Services – 2.6%** | **Commercial Services – 2.6%** | **Commercial Services – 2.6%** |
| AlixPartners LLP | AlixPartners LLP | AlixPartners LLP | AlixPartners LLP |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 1771596 | 5.672 | 08/12/32 | 1760205 |
| Allied Universal Holdco LLC | Allied Universal Holdco LLC | Allied Universal Holdco LLC | Allied Universal Holdco LLC |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 6108438 | 6.922 | 08/20/32 | 6114424 |
| Amspec Parent LLC | Amspec Parent LLC | Amspec Parent LLC | Amspec Parent LLC |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 557312 | 7.172 | 12/22/31 | 556381 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Commercial Services – (continued)** | **Commercial Services – (continued)** | **Commercial Services – (continued)** | **Commercial Services – (continued)** |
| Anticimex International AB | Anticimex International AB | Anticimex International AB | Anticimex International AB |
| (3 mo. USD Term SOFR + 2.900%) | (3 mo. USD Term SOFR + 2.900%) | (3 mo. USD Term SOFR + 2.900%) | (3 mo. USD Term SOFR + 2.900%) |
| 1983589 | 7.310% | 11/17/31 | $1986426 |
| Archkey Solutions LLC | Archkey Solutions LLC | Archkey Solutions LLC | Archkey Solutions LLC |
| (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) |
| 885939 | 7.922 | 11/01/31 | 892309 |
| Armorica Lux SARL | Armorica Lux SARL | Armorica Lux SARL | Armorica Lux SARL |
| (3 mo. EUR EURIBOR + 4.925%) | (3 mo. EUR EURIBOR + 4.925%) | (3 mo. EUR EURIBOR + 4.925%) | (3 mo. EUR EURIBOR + 4.925%) |
| 1300000 | 6.951 | 07/28/28 | 1444645 |
| Belfor Holdings, Inc. | Belfor Holdings, Inc. | Belfor Holdings, Inc. | Belfor Holdings, Inc. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 947791 | 6.422 | 11/01/30 | 947203 |
| Belron Finance 2019 LLC | Belron Finance 2019 LLC | Belron Finance 2019 LLC | Belron Finance 2019 LLC |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 6269841 | 6.120 | 10/16/31 | 6283948 |
| Conservice Midco LLC | Conservice Midco LLC | Conservice Midco LLC | Conservice Midco LLC |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 1999423 | 6.422 | 05/13/30 | 1997344 |
| Creative Artists Agency LLC | Creative Artists Agency LLC | Creative Artists Agency LLC | Creative Artists Agency LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1193339 | 6.172 | 10/01/31 | 1190690 |
| Eagle Parent Corp. | Eagle Parent Corp. | Eagle Parent Corp. | Eagle Parent Corp. |
| (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) |
| 1150591 | 7.922 | 04/02/29 | 1142537 |
| Ensemble RCM LLC | Ensemble RCM LLC | Ensemble RCM LLC | Ensemble RCM LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 1885781 | 6.667 | 08/01/29 | 1868111 |
| Fugue Finance BV | Fugue Finance BV | Fugue Finance BV | Fugue Finance BV |
| 400000 | 0.000 <sup>(j)</sup> | 01/09/32 | 396500 |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1261366 | 6.572 | 01/09/32 | 1250329 |
| Garda World Security Corp. | Garda World Security Corp. | Garda World Security Corp. | Garda World Security Corp. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 847859 | 6.421 | 02/01/29 | 845739 |
| Grant Thornton Advisors LLC | Grant Thornton Advisors LLC | Grant Thornton Advisors LLC | Grant Thornton Advisors LLC |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 4130171 | 6.422 | 06/02/31 | 4063674 |
| Lernen Bidco Ltd. | Lernen Bidco Ltd. | Lernen Bidco Ltd. | Lernen Bidco Ltd. |
| (6 mo. USD Term SOFR + 3.500%) | (6 mo. USD Term SOFR + 3.500%) | (6 mo. USD Term SOFR + 3.500%) | (6 mo. USD Term SOFR + 3.500%) |
| 446633 | 7.410 | 10/27/31 | 446075 |
| Mavis Tire Express Services Corp. | Mavis Tire Express Services Corp. | Mavis Tire Express Services Corp. | Mavis Tire Express Services Corp. |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 3457057 | 6.672 | 05/04/28 | 3455052 |
| OMNIA Partners LLC | OMNIA Partners LLC | OMNIA Partners LLC | OMNIA Partners LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1210599 | 6.455 | 12/31/32 | 1210756 |
| Parexel International Corp. | Parexel International Corp. | Parexel International Corp. | Parexel International Corp. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 740123 | 6.422 | 12/12/31 | 739509 |
| PG Investment Co. 59 SARL | PG Investment Co. 59 SARL | PG Investment Co. 59 SARL | PG Investment Co. 59 SARL |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 2745785 | 5.922 | 03/26/31 | 2743835 |
| Pre-Paid Legal Services, Inc. | Pre-Paid Legal Services, Inc. | Pre-Paid Legal Services, Inc. | Pre-Paid Legal Services, Inc. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 1122293 | 6.922 | 12/15/28 | 1051454 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Commercial Services – (continued)** | **Commercial Services – (continued)** | **Commercial Services – (continued)** | **Commercial Services – (continued)** |
| Pye-Barker Fire & Safety LLC | Pye-Barker Fire & Safety LLC | Pye-Barker Fire & Safety LLC | Pye-Barker Fire & Safety LLC |
| 1000000 | 0.000 %<sup>(j)</sup> | 12/16/32 | $999580 |
| Raven Acquisition Holdings LLC | Raven Acquisition Holdings LLC | Raven Acquisition Holdings LLC | Raven Acquisition Holdings LLC |
| 23443 | 3.000 | 11/19/31 | 23021 |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1023744 | 6.672 | 11/19/31 | 1012483 |
| Spring Education Group, Inc. | Spring Education Group, Inc. | Spring Education Group, Inc. | Spring Education Group, Inc. |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 718200 | 6.922 | 10/04/30 | 718200 |
| United Talent Agency LLC | United Talent Agency LLC |  |  |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1101976 | 6.680 | 06/10/32 | 1101975 |
| Wand NewCo 3, Inc. | Wand NewCo 3, Inc. | Wand NewCo 3, Inc. | Wand NewCo 3, Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 4192784 | 6.172 | 01/30/31 | 4188298 |
| Wash Multifamily Parent, Inc. | Wash Multifamily Parent, Inc. | Wash Multifamily Parent, Inc. | Wash Multifamily Parent, Inc. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 851250 | 6.922 | 09/10/32 | 853021 |
| XPLOR T1 LLC | XPLOR T1 LLC | XPLOR T1 LLC | XPLOR T1 LLC |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 1436075 | 7.292 | 12/01/32 | 1403764 |
|  |  |  | 52687488 |
| **Computers – 0.8%** |  |  |  |
| Access CIG LLC | Access CIG LLC | Access CIG LLC | Access CIG LLC |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 2355373 | 7.672 | 08/19/30 | 2223872 |
| Idemia Group | Idemia Group | Idemia Group | Idemia Group |
| (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) |
| 699401 | 7.922 | 09/30/28 | 689784 |
| Imprivata, Inc. | Imprivata, Inc. | Imprivata, Inc. | Imprivata, Inc. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 986038 | 6.672 | 12/01/27 | 984805 |
| Ivanti Software, Inc. | Ivanti Software, Inc. | Ivanti Software, Inc. | Ivanti Software, Inc. |
| (3 mo. USD Term SOFR + 5.750%) | (3 mo. USD Term SOFR + 5.750%) | (3 mo. USD Term SOFR + 5.750%) | (3 mo. USD Term SOFR + 5.750%) |
| 1189261 | 9.639 <sup>(e)</sup> | 06/01/29 | 1207100 |
| McAfee LLC | McAfee LLC | McAfee LLC | McAfee LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 550307 | 6.672 | 03/01/29 | 485646 |
| Peraton Corp. | Peraton Corp. | Peraton Corp. | Peraton Corp. |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 675000 | 7.517 | 02/01/28 | 622478 |
| Tempo Acquisition LLC | Tempo Acquisition LLC | Tempo Acquisition LLC | Tempo Acquisition LLC |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 1233449 | 5.422 | 08/31/28 | 1128434 |
| Verifone Systems, Inc. | Verifone Systems, Inc. | Verifone Systems, Inc. | Verifone Systems, Inc. |
| (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) |
| 2859813 | 9.179 | 08/18/28 | 2626938 |
| X Corp. | X Corp. | X Corp. | X Corp. |
| (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) |
| 2603086 | 10.417 | 10/26/29 | 2597125 |
| (Fixed + 9.500%) | (Fixed + 9.500%) | (Fixed + 9.500%) | (Fixed + 9.500%) |
| 3300000 | 9.500 | 10/26/29 | 3411375 |
|  |  |  | 15977557 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Cosmetics & Personal Care – 0.1%** | **Cosmetics & Personal Care – 0.1%** | **Cosmetics & Personal Care – 0.1%** | **Cosmetics & Personal Care – 0.1%** |
| ACP Tara Holdings, Inc. | ACP Tara Holdings, Inc. | ACP Tara Holdings, Inc. | ACP Tara Holdings, Inc. |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 796667 | 6.973% | 12/15/32 | $799654 |
| Opal Bidco SAS | Opal Bidco SAS | Opal Bidco SAS | Opal Bidco SAS |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 2249624 | 6.686 | 04/28/32 | 2248229 |
|  |  |  | 3047883 |
| **Distribution & Wholesale – 0.6%** | **Distribution & Wholesale – 0.6%** | **Distribution & Wholesale – 0.6%** | **Distribution & Wholesale – 0.6%** |
| BCPE Empire Holdings, Inc. | BCPE Empire Holdings, Inc. | BCPE Empire Holdings, Inc. | BCPE Empire Holdings, Inc. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 4276394 | 6.922 | 12/11/30 | 4251463 |
| Core & Main LP | Core & Main LP | Core & Main LP | Core & Main LP |
| (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) |
| 303894 | 5.690 | 07/27/28 | 304274 |
| Fluid-Flow Products, Inc. | Fluid-Flow Products, Inc. | Fluid-Flow Products, Inc. | Fluid-Flow Products, Inc. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 5016788 | 6.922 | 03/31/28 | 5018895 |
| Openlane, Inc. | Openlane, Inc. | Openlane, Inc. | Openlane, Inc. |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 1270000 | 6.365 | 10/08/32 | 1268413 |
| Resideo Funding, Inc. | Resideo Funding, Inc. | Resideo Funding, Inc. | Resideo Funding, Inc. |
| (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) |
| 523688 | 5.723 | 08/13/32 | 522708 |
| Windsor Holdings III LLC | Windsor Holdings III LLC | Windsor Holdings III LLC | Windsor Holdings III LLC |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 1482685 | 6.422 | 08/01/30 | 1485472 |
|  |  |  | 12851225 |
| **Diversified Financial Services – 1.1%** | **Diversified Financial Services – 1.1%** | **Diversified Financial Services – 1.1%** | **Diversified Financial Services – 1.1%** |
| Apex Group Treasury LLC | Apex Group Treasury LLC | Apex Group Treasury LLC | Apex Group Treasury LLC |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 1336633 | 7.387 | 02/27/32 | 1229703 |
| Avolon TLB Borrower 1 (U.S.) LLC | Avolon TLB Borrower 1 (U.S.) LLC | Avolon TLB Borrower 1 (U.S.) LLC | Avolon TLB Borrower 1 (U.S.) LLC |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 487367 | 5.421 | 06/24/30 | 489043 |
| CFC Bidco 2022 Ltd. | CFC Bidco 2022 Ltd. | CFC Bidco 2022 Ltd. | CFC Bidco 2022 Ltd. |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 4224060 | 7.161 | 07/01/32 | 4012857 |
| Chicago U.S. Midco III LP | Chicago U.S. Midco III LP | Chicago U.S. Midco III LP | Chicago U.S. Midco III LP |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 731379 | 6.172 | 11/01/32 | 729097 |
| Ditech Holding Corp. | Ditech Holding Corp. | Ditech Holding Corp. | Ditech Holding Corp. |
| 183349 | 0.000 <sup>(e)(f)</sup> | 06/30/27 |  |
| Edelman Financial Center LLC | Edelman Financial Center LLC | Edelman Financial Center LLC | Edelman Financial Center LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 529172 | 6.672 | 04/07/28 | 528738 |
| (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) |
| 855226 | 8.922 | 10/06/28 | 855585 |
| Focus Financial Partners LLC | Focus Financial Partners LLC | Focus Financial Partners LLC | Focus Financial Partners LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 4991499 | 6.172 | 09/15/31 | 4956908 |
| GEN II Fund Services LLC | GEN II Fund Services LLC | GEN II Fund Services LLC | GEN II Fund Services LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 754420 | 6.422 | 11/26/31 | 753160 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** | **Diversified Financial Services – (continued)** |
| HighTower Holdings LLC | HighTower Holdings LLC | HighTower Holdings LLC | HighTower Holdings LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1342411 | 6.651% | 02/03/32 | $1337377 |
| Mariner Wealth Advisors LLC | Mariner Wealth Advisors LLC | Mariner Wealth Advisors LLC | Mariner Wealth Advisors LLC |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 918828 | 5.936 | 12/31/30 | 917450 |
| OID-OL Intermediate I LLC | OID-OL Intermediate I LLC | OID-OL Intermediate I LLC | OID-OL Intermediate I LLC |
| (3 mo. USD Term SOFR + 6.000%) | (3 mo. USD Term SOFR + 6.000%) | (3 mo. USD Term SOFR + 6.000%) | (3 mo. USD Term SOFR + 6.000%) |
| 1321128 | 9.667 | 02/01/29 | 1340126 |
| (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) |
| 3411184 | 8.067 | 02/01/29 | 2421940 |
| Orion U.S. Finco, Inc. | Orion U.S. Finco, Inc. | Orion U.S. Finco, Inc. | Orion U.S. Finco, Inc. |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 780000 | 7.150 | 10/08/32 | 779516 |
| Summit Acquisition, Inc. | Summit Acquisition, Inc. | Summit Acquisition, Inc. | Summit Acquisition, Inc. |
| (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) |
| 1495003 | 7.172 | 10/16/31 | 1498277 |
|  |  |  | 21849777 |
| **Electric – 0.4%** | **Electric – 0.4%** | **Electric – 0.4%** | **Electric – 0.4%** |
| Alpha Generation LLC | Alpha Generation LLC | Alpha Generation LLC | Alpha Generation LLC |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 897670 | 5.422 | 09/30/31 | 896288 |
| Carroll County Energy LLC | Carroll County Energy LLC | Carroll County Energy LLC | Carroll County Energy LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 712215 | 6.422 | 06/30/31 | 716310 |
| Cogentrix Finance Holdco I LLC | Cogentrix Finance Holdco I LLC | Cogentrix Finance Holdco I LLC | Cogentrix Finance Holdco I LLC |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 782910 | 5.922 | 02/26/32 | 782424 |
| CPV Fairview LLC | CPV Fairview LLC | CPV Fairview LLC | CPV Fairview LLC |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 873212 | 6.172 | 08/14/31 | 872557 |
| Hamilton Projects Acquiror LLC | Hamilton Projects Acquiror LLC | Hamilton Projects Acquiror LLC | Hamilton Projects Acquiror LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 559654 | 6.172 | 05/30/31 | 561652 |
| Lackawanna Energy Center LLC | Lackawanna Energy Center LLC | Lackawanna Energy Center LLC | Lackawanna Energy Center LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1096124 | 6.675 | 08/05/32 | 1101330 |
| Potomac Energy Center LLC | Potomac Energy Center LLC | Potomac Energy Center LLC | Potomac Energy Center LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 485599 | 6.667 | 08/05/32 | 487017 |
| South Field LLC | South Field LLC | South Field LLC | South Field LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 971492 | 6.672 | 08/29/31 | 975942 |
| Talen Energy Supply LLC | Talen Energy Supply LLC | Talen Energy Supply LLC | Talen Energy Supply LLC |
| (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) |
| 900000 | 5.672 | 11/25/32 | 899325 |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 126065 | 6.353 | 05/17/30 | 125998 |
|  |  |  | 7418843 |
| **Electronics – 0.3%** | **Electronics – 0.3%** | **Electronics – 0.3%** | **Electronics – 0.3%** |
| LSF12 Crown U.S. Commercial Bidco LLC | LSF12 Crown U.S. Commercial Bidco LLC | LSF12 Crown U.S. Commercial Bidco LLC | LSF12 Crown U.S. Commercial Bidco LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 812614 | 6.675 | 12/02/31 | 812817 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Electronics – (continued)** | **Electronics – (continued)** | **Electronics – (continued)** | **Electronics – (continued)** |
| Pinnacle Buyer LLC | Pinnacle Buyer LLC | Pinnacle Buyer LLC | Pinnacle Buyer LLC |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 1795929 | 6.161% | 10/01/32 | $1795929 |
| Resilience Parent LLC | Resilience Parent LLC | Resilience Parent LLC | Resilience Parent LLC |
| 1650500 | 0.000 <sup>(j)</sup> | 01/21/33 | 1648437 |
| Spectris PLC | Spectris PLC | Spectris PLC | Spectris PLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1750000 | 6.490 | 09/30/32 | 1751103 |
|  |  |  | 6008286 |
| **Energy-Alternate Sources – 0.1%** | **Energy-Alternate Sources – 0.1%** | **Energy-Alternate Sources – 0.1%** | **Energy-Alternate Sources – 0.1%** |
| Bayonne Energy Center LLC | Bayonne Energy Center LLC | Bayonne Energy Center LLC | Bayonne Energy Center LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 648375 | 6.672 | 10/01/32 | 649724 |
| Enviva Partners LP/Enviva Partners Finance Corp. | Enviva Partners LP/Enviva Partners Finance Corp. | Enviva Partners LP/Enviva Partners Finance Corp. | Enviva Partners LP/Enviva Partners Finance Corp. |
| (3 mo. USD Term SOFR + 6.875%) | (3 mo. USD Term SOFR + 6.875%) | (3 mo. USD Term SOFR + 6.875%) | (3 mo. USD Term SOFR + 6.875%) |
| 1661157 | 10.613 | 12/06/29 | 1680543 |
| Esdec Solar Group BV | Esdec Solar Group BV | Esdec Solar Group BV | Esdec Solar Group BV |
| (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) |
| 138952 | 8.934 | 08/30/28 | 56796 |
|  |  |  | 2387063 |
| **Engineering & Construction – 0.8%** | **Engineering & Construction – 0.8%** | **Engineering & Construction – 0.8%** | **Engineering & Construction – 0.8%** |
| Artera Services LLC | Artera Services LLC | Artera Services LLC | Artera Services LLC |
| (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) |
| 470238 | 8.172 | 02/15/31 | 377536 |
| Azuria Water Solutions, Inc. | Azuria Water Solutions, Inc. | Azuria Water Solutions, Inc. | Azuria Water Solutions, Inc. |
| 2000000 | 0.000 <sup>(e)(j)</sup> | 01/27/33 | 1985000 |
| Blackfin Pipeline LLC | Blackfin Pipeline LLC | Blackfin Pipeline LLC | Blackfin Pipeline LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1556100 | 6.672 | 09/29/32 | 1565172 |
| Brown Group Holding LLC | Brown Group Holding LLC | Brown Group Holding LLC | Brown Group Holding LLC |
| (1 mo. USD Term SOFR + 2.500%)–(3 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%)–(3 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%)–(3 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%)–(3 mo. USD Term SOFR + 2.500%) |
| 2986156 | 6.167–6.172 | 07/01/31 | 2984304 |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 2528615 | 6.172 | 07/01/31 | 2530511 |
| DG Investment Intermediate Holdings 2, Inc. | DG Investment Intermediate Holdings 2, Inc. | DG Investment Intermediate Holdings 2, Inc. | DG Investment Intermediate Holdings 2, Inc. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 2750000 | 6.922 | 07/09/32 | 2753438 |
| 250000 | 0.000 <sup>(j)</sup> | 07/31/33 | 250000 |
| Green Infrastructure Partners, Inc. | Green Infrastructure Partners, Inc. | Green Infrastructure Partners, Inc. | Green Infrastructure Partners, Inc. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 750000 | 6.422 | 09/24/32 | 749535 |
| Holding Socotec | Holding Socotec | Holding Socotec | Holding Socotec |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 539550 | 6.910 | 06/02/31 | 540057 |
| KKR Apple Bidco LLC | KKR Apple Bidco LLC | KKR Apple Bidco LLC | KKR Apple Bidco LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 2425066 | 6.172 | 09/23/31 | 2424509 |
| Salas O'brien, Inc. | Salas O'brien, Inc. | Salas O'brien, Inc. | Salas O'brien, Inc. |
| 571428 | 0.000 <sup>(j)</sup> | 01/21/33 | 571428 |
|  |  |  | 16731490 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Entertainment – 0.3%** | **Entertainment – 0.3%** | **Entertainment – 0.3%** | **Entertainment – 0.3%** |
| Delta 2 Lux SARL | Delta 2 Lux SARL | Delta 2 Lux SARL | Delta 2 Lux SARL |
| (3 mo. USD Term SOFR + 1.750%) | (3 mo. USD Term SOFR + 1.750%) | (3 mo. USD Term SOFR + 1.750%) | (3 mo. USD Term SOFR + 1.750%) |
| 645000 | 5.422% | 09/30/31 | $644194 |
| East Valley Tourist Development Authority | East Valley Tourist Development Authority | East Valley Tourist Development Authority | East Valley Tourist Development Authority |
| (1 mo. USD Term SOFR + 7.500%) | (1 mo. USD Term SOFR + 7.500%) | (1 mo. USD Term SOFR + 7.500%) | (1 mo. USD Term SOFR + 7.500%) |
| 957751 | 11.286 <sup>(e)</sup> | 11/23/26 | 951046 |
| ECL Entertainment LLC | ECL Entertainment LLC | ECL Entertainment LLC | ECL Entertainment LLC |
| 854369 | 0.000 <sup>(j)</sup> | 08/30/30 | 852661 |
| Motion Finco SARL | Motion Finco SARL | Motion Finco SARL | Motion Finco SARL |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 996130 | 7.172 | 11/12/29 | 848264 |
| Ontario Gaming GTA LP | Ontario Gaming GTA LP | Ontario Gaming GTA LP | Ontario Gaming GTA LP |
| (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) |
| 760528 | 7.922 | 08/01/30 | 709550 |
| OVG Business Services LLC | OVG Business Services LLC | OVG Business Services LLC | OVG Business Services LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1322740 | 6.672 | 06/25/31 | 1316960 |
| Route 66 Development Authority | Route 66 Development Authority | Route 66 Development Authority | Route 66 Development Authority |
| (1 mo. USD Term SOFR + 9.000%) | (1 mo. USD Term SOFR + 9.000%) | (1 mo. USD Term SOFR + 9.000%) | (1 mo. USD Term SOFR + 9.000%) |
| 1000000 | 12.672 | 01/24/31 | 990000 |
| TKO Worldwide Holdings LLC | TKO Worldwide Holdings LLC | TKO Worldwide Holdings LLC | TKO Worldwide Holdings LLC |
| (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) |
| 708937 | 5.869 | 11/21/31 | 709795 |
|  |  |  | 7022470 |
| **Environmental – 0.3%** | **Environmental – 0.3%** | **Environmental – 0.3%** | **Environmental – 0.3%** |
| Filtration Group Corp. | Filtration Group Corp. | Filtration Group Corp. | Filtration Group Corp. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 2777904 | 6.422 | 10/21/28 | 2779654 |
| Madison IAQ LLC | Madison IAQ LLC | Madison IAQ LLC | Madison IAQ LLC |
| (6 mo. USD Term SOFR + 2.500%) | (6 mo. USD Term SOFR + 2.500%) | (6 mo. USD Term SOFR + 2.500%) | (6 mo. USD Term SOFR + 2.500%) |
| 1444542 | 6.128 | 06/21/28 | 1443647 |
| (6 mo. USD Term SOFR + 2.750%) | (6 mo. USD Term SOFR + 2.750%) | (6 mo. USD Term SOFR + 2.750%) | (6 mo. USD Term SOFR + 2.750%) |
| 248260 | 6.378 | 11/08/32 | 248494 |
| WIN Waste Innovations Holdings, Inc. | WIN Waste Innovations Holdings, Inc. | WIN Waste Innovations Holdings, Inc. | WIN Waste Innovations Holdings, Inc. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 915510 | 6.536 | 03/24/28 | 917084 |
|  |  |  | 5388879 |
| **Food – 0.3%** | **Food – 0.3%** | **Food – 0.3%** | **Food – 0.3%** |
| Chobani LLC | Chobani LLC | Chobani LLC | Chobani LLC |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 1575000 | 5.922 | 10/28/32 | 1576969 |
| Froneri Lux Finco SARL | Froneri Lux Finco SARL | Froneri Lux Finco SARL | Froneri Lux Finco SARL |
| (6 mo. USD Term SOFR + 2.250%) | (6 mo. USD Term SOFR + 2.250%) | (6 mo. USD Term SOFR + 2.250%) | (6 mo. USD Term SOFR + 2.250%) |
| 1001785 | 5.885 | 09/30/31 | 999110 |
| 390000 | 5.877–5.885 | 09/30/32 | 389146 |
| Labeyrie Fine Foods SAS | Labeyrie Fine Foods SAS | Labeyrie Fine Foods SAS | Labeyrie Fine Foods SAS |
| (3 mo. EUR EURIBOR + 5.000%) | (3 mo. EUR EURIBOR + 5.000%) | (3 mo. EUR EURIBOR + 5.000%) | (3 mo. EUR EURIBOR + 5.000%) |
| 501556 | 7.019 | 07/30/29 | 535561 |
| Nomad Foods Europe Midco Ltd. | Nomad Foods Europe Midco Ltd. | Nomad Foods Europe Midco Ltd. | Nomad Foods Europe Midco Ltd. |
| (6 mo. USD Term SOFR + 2.500%) | (6 mo. USD Term SOFR + 2.500%) | (6 mo. USD Term SOFR + 2.500%) | (6 mo. USD Term SOFR + 2.500%) |
| 1005579 | 6.276 | 10/28/32 | 1004955 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Food – (continued)** | **Food – (continued)** | **Food – (continued)** | **Food – (continued)** |
| Snacking Investments Bidco Pty. Ltd. | Snacking Investments Bidco Pty. Ltd. | Snacking Investments Bidco Pty. Ltd. | Snacking Investments Bidco Pty. Ltd. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 1375000 | 6.667% | 10/29/32 | $1378094 |
|  |  |  | 5883835 |
| **Food Service – 0.1%** | **Food Service – 0.1%** | **Food Service – 0.1%** | **Food Service – 0.1%** |
| Aramark Services, Inc. | Aramark Services, Inc. | Aramark Services, Inc. | Aramark Services, Inc. |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 688476 | 5.422 | 06/22/30 | 689165 |
| Golden State Food LLC | Golden State Food LLC | Golden State Food LLC | Golden State Food LLC |
| 763041 | 0.000 <sup>(j)</sup> | 12/04/31 | 763712 |
|  |  |  | 1452877 |
| **Hand/Machine Tools – 0.1%** | **Hand/Machine Tools – 0.1%** | **Hand/Machine Tools – 0.1%** | **Hand/Machine Tools – 0.1%** |
| Alliance Laundry Systems LLC | Alliance Laundry Systems LLC | Alliance Laundry Systems LLC | Alliance Laundry Systems LLC |
| (1 mo. USD Term SOFR + 2.250%)–(3 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%)–(3 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%)–(3 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%)–(3 mo. USD Term SOFR + 2.250%) |
| 1053748 | 5.917–5.922 | 08/19/31 | 1053137 |
| Dynamo Newco II GmbH | Dynamo Newco II GmbH | Dynamo Newco II GmbH | Dynamo Newco II GmbH |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 641767 | 6.938 | 09/30/31 | 642171 |
| Madison Safety & Flow LLC | Madison Safety & Flow LLC | Madison Safety & Flow LLC | Madison Safety & Flow LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 775000 | 6.174 | 09/26/31 | 776163 |
|  |  |  | 2471471 |
| **Health Care Products – 1.3%** | **Health Care Products – 1.3%** |  |  |
| Agiliti Health, Inc. | Agiliti Health, Inc. | Agiliti Health, Inc. | Agiliti Health, Inc. |
| (6 mo. USD Term SOFR + 3.000%) | (6 mo. USD Term SOFR + 3.000%) | (6 mo. USD Term SOFR + 3.000%) | (6 mo. USD Term SOFR + 3.000%) |
| 1203425 | 6.576 | 05/01/30 | 1134229 |
| Bausch & Lomb Corp. | Bausch & Lomb Corp. | Bausch & Lomb Corp. | Bausch & Lomb Corp. |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 2478624 | 7.422 | 01/15/31 | 2494116 |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 1953633 | 7.716 | 09/29/28 | 1953633 |
| (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) |
| 905358 | 7.966 | 01/15/31 | 911016 |
| Carestream Health, Inc. | Carestream Health, Inc. | Carestream Health, Inc. | Carestream Health, Inc. |
| (3 mo. USD Term SOFR + 7.500%) | (3 mo. USD Term SOFR + 7.500%) | (3 mo. USD Term SOFR + 7.500%) | (3 mo. USD Term SOFR + 7.500%) |
| 1179677 | 11.272 | 09/30/27 | 591313 |
| Confluent Medical Technologies, Inc. | Confluent Medical Technologies, Inc. | Confluent Medical Technologies, Inc. | Confluent Medical Technologies, Inc. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 857343 | 6.672 | 02/16/29 | 856812 |
| Hopper Merger Sub, Inc. | Hopper Merger Sub, Inc. | Hopper Merger Sub, Inc. | Hopper Merger Sub, Inc. |
| 9325000 | 0.000 <sup>(j)</sup> | 01/14/33 | 9253943 |
| Lifescan Global Corp. | Lifescan Global Corp. | Lifescan Global Corp. | Lifescan Global Corp. |
| (3 mo. USD Term SOFR + 5.500%) | (3 mo. USD Term SOFR + 5.500%) | (3 mo. USD Term SOFR + 5.500%) | (3 mo. USD Term SOFR + 5.500%) |
| 2366733 | 9.238 | 12/08/30 | 2362781 |
| Maravai Intermediate Holdings LLC | Maravai Intermediate Holdings LLC | Maravai Intermediate Holdings LLC | Maravai Intermediate Holdings LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 2262751 | 6.670 | 10/19/27 | 2194868 |
| Medline Borrower LP | Medline Borrower LP | Medline Borrower LP | Medline Borrower LP |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 3041868 | 5.422 | 10/23/30 | 3048377 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Health Care Products – (continued)** | **Health Care Products – (continued)** | **Health Care Products – (continued)** | **Health Care Products – (continued)** |
| QuidelOrtho Corp. | QuidelOrtho Corp. | QuidelOrtho Corp. | QuidelOrtho Corp. |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 533662 | 7.672% | 08/20/32 | $530327 |
| Resonetics LLC | Resonetics LLC | Resonetics LLC | Resonetics LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1180955 | 6.421 | 06/18/31 | 1179478 |
|  |  |  | 26510893 |
| **Health Care Services – 0.8%** | **Health Care Services – 0.8%** | **Health Care Services – 0.8%** | **Health Care Services – 0.8%** |
| ADMI Corp. | ADMI Corp. | ADMI Corp. | ADMI Corp. |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 225000 | 7.536 | 12/23/27 | 214031 |
| Aveanna Healthcare LLC | Aveanna Healthcare LLC | Aveanna Healthcare LLC | Aveanna Healthcare LLC |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 1246875 | 7.422 | 09/17/32 | 1244618 |
| Charlotte Buyer, Inc. | Charlotte Buyer, Inc. | Charlotte Buyer, Inc. | Charlotte Buyer, Inc. |
| (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) |
| 327650 | 7.924 | 02/11/28 | 319560 |
| Electron BidCo, Inc. | Electron BidCo, Inc. | Electron BidCo, Inc. | Electron BidCo, Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1574493 | 6.172 | 11/01/28 | 1573517 |
| Envision Healthcare Operating, Inc. | Envision Healthcare Operating, Inc. | Envision Healthcare Operating, Inc. | Envision Healthcare Operating, Inc. |
| (1 mo. USD Term SOFR + 6.500%) | (1 mo. USD Term SOFR + 6.500%) | (1 mo. USD Term SOFR + 6.500%) | (1 mo. USD Term SOFR + 6.500%) |
| 1398305 | 10.172 | 06/25/30 | 1407925 |
| Global Medical Response, Inc. | Global Medical Response, Inc. | Global Medical Response, Inc. | Global Medical Response, Inc. |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 1684323 | 7.170 | 10/01/32 | 1688214 |
| LifePoint Health, Inc. | LifePoint Health, Inc. | LifePoint Health, Inc. | LifePoint Health, Inc. |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 91575 | 7.152 | 05/19/31 | 91271 |
| MDVIP, Inc. | MDVIP, Inc. | MDVIP, Inc. | MDVIP, Inc. |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1444636 | 6.673 | 10/14/31 | 1445011 |
| Option Care Health, Inc. | Option Care Health, Inc. | Option Care Health, Inc. | Option Care Health, Inc. |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 728739 | 5.422 | 09/22/32 | 729343 |
| Pluto Acquisition I, Inc. | Pluto Acquisition I, Inc. | Pluto Acquisition I, Inc. | Pluto Acquisition I, Inc. |
| (3 mo. USD Term SOFR + 5.500%) | (3 mo. USD Term SOFR + 5.500%) | (3 mo. USD Term SOFR + 5.500%) | (3 mo. USD Term SOFR + 5.500%) |
| 368343 | 9.189 | 06/20/28 | 370185 |
| Precision Medicine Group LLC | Precision Medicine Group LLC | Precision Medicine Group LLC | Precision Medicine Group LLC |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 927675 | 7.172 | 08/20/32 | 929994 |
| Radiology Partners, Inc. | Radiology Partners, Inc. | Radiology Partners, Inc. | Radiology Partners, Inc. |
| (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) |
| 428925 | 8.172 | 06/30/32 | 428848 |
| Radnet Management, Inc. | Radnet Management, Inc. | Radnet Management, Inc. | Radnet Management, Inc. |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 1070548 | 6.072 | 04/18/31 | 1072026 |
| Surgery Center Holdings, Inc. | Surgery Center Holdings, Inc. | Surgery Center Holdings, Inc. | Surgery Center Holdings, Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1547354 | 6.172 | 12/19/30 | 1548468 |
| Team Health Holdings, Inc. | Team Health Holdings, Inc. | Team Health Holdings, Inc. | Team Health Holdings, Inc. |
| (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) |
| 1438087 | 8.167 | 06/30/28 | 1438087 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Health Care Services – (continued)** | **Health Care Services – (continued)** | **Health Care Services – (continued)** | **Health Care Services – (continued)** |
| WCG Intermediate Corp. | WCG Intermediate Corp. | WCG Intermediate Corp. | WCG Intermediate Corp. |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 797995 | 6.672% | 02/25/32 | $796599 |
|  |  |  | 15297697 |
| **Home Furnishings – 0.3%** | **Home Furnishings – 0.3%** | **Home Furnishings – 0.3%** | **Home Furnishings – 0.3%** |
| AI Aqua Merger Sub, Inc. | AI Aqua Merger Sub, Inc. | AI Aqua Merger Sub, Inc. | AI Aqua Merger Sub, Inc. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 3285089 | 6.652– |  |  |
|  | 6.854 | 07/31/28 | 3284333 |
| Weber-Stephen Products LLC | Weber-Stephen Products LLC | Weber-Stephen Products LLC | Weber-Stephen Products LLC |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 3125000 | 7.411 | 10/01/32 | 3121094 |
|  |  |  | 6405427 |
| **Household Products & Wares – 0.0%** | **Household Products & Wares – 0.0%** | **Household Products & Wares – 0.0%** | **Household Products & Wares – 0.0%** |
| Lavender Dutch BorrowerCo BV | Lavender Dutch BorrowerCo BV | Lavender Dutch BorrowerCo BV | Lavender Dutch BorrowerCo BV |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 645000 | 6.935 | 12/30/32 | 646613 |
| **Insurance – 2.9%** | **Insurance – 2.9%** | **Insurance – 2.9%** | **Insurance – 2.9%** |
| Acrisure LLC | Acrisure LLC | Acrisure LLC | Acrisure LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 4110942 | 6.672 | 11/06/30 | 4095526 |
| Alera Group, Inc. | Alera Group, Inc. | Alera Group, Inc. | Alera Group, Inc. |
| 923000 | 0.000 <sup>(j)</sup> | 05/30/32 | 919539 |
| (1 mo. USD Term SOFR + 5.500%) | (1 mo. USD Term SOFR + 5.500%) | (1 mo. USD Term SOFR + 5.500%) | (1 mo. USD Term SOFR + 5.500%) |
| 7400000 | 9.172 | 05/30/33 | 7525800 |
| Alliant Holdings Intermediate LLC | Alliant Holdings Intermediate LLC | Alliant Holdings Intermediate LLC | Alliant Holdings Intermediate LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1111302 | 6.172 | 09/19/31 | 1107479 |
| AmWINS Group, Inc. | AmWINS Group, Inc. | AmWINS Group, Inc. | AmWINS Group, Inc. |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 511649 | 5.672 | 01/30/32 | 510436 |
| Amynta Agency Borrower, Inc. | Amynta Agency Borrower, Inc. | Amynta Agency Borrower, Inc. | Amynta Agency Borrower, Inc. |
| (1 mo. USD Term SOFR + 1.500%) | (1 mo. USD Term SOFR + 1.500%) | (1 mo. USD Term SOFR + 1.500%) | (1 mo. USD Term SOFR + 1.500%) |
| 700000 | 6.174 | 12/29/31 | 695408 |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 240975 | 6.421 | 12/29/31 | 239394 |
| Ardonagh Midco 3 PLC | Ardonagh Midco 3 PLC | Ardonagh Midco 3 PLC | Ardonagh Midco 3 PLC |
| (3 mo. USD Term SOFR + 2.750%)–(6 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%)–(6 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%)–(6 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%)–(6 mo. USD Term SOFR + 2.750%) |
| 2362524 | 6.370–6.422 | 02/15/31 | 2352200 |
| Asurion LLC | Asurion LLC | Asurion LLC | Asurion LLC |
| (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) |
| 260646 | 9.036 | 01/20/29 | 260239 |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 1371456 | 7.772 | 08/19/28 | 1372526 |
| (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) |
| 622115 | 8.022 | 08/19/28 | 622794 |
| 162438 | 7.922 | 09/19/30 | 162553 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** |
| Broadstreet Partners, Inc. | Broadstreet Partners, Inc. | Broadstreet Partners, Inc. | Broadstreet Partners, Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 5565823 | 6.172–6.213% | 06/13/31 | $5529757 |
| Cross Financial Corp. | Cross Financial Corp. | Cross Financial Corp. | Cross Financial Corp. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 637512 | 6.422 | 10/31/31 | 636715 |
| Goosehead Insurance Holdings LLC | Goosehead Insurance Holdings LLC | Goosehead Insurance Holdings LLC | Goosehead Insurance Holdings LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 2240011 | 6.680 | 01/08/32 | 2242811 |
| Howden Group Holdings Ltd. | Howden Group Holdings Ltd. | Howden Group Holdings Ltd. | Howden Group Holdings Ltd. |
| 1019480 | 0.000 <sup>(j)</sup> | 04/18/30 | 1023212 |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 2517852 | 6.422 | 02/15/31 | 2512615 |
| HUB International Ltd. | HUB International Ltd. | HUB International Ltd. | HUB International Ltd. |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 1224818 | 5.920 | 06/20/30 | 1223813 |
| Hyperion Insurance Group Ltd. | Hyperion Insurance Group Ltd. | Hyperion Insurance Group Ltd. | Hyperion Insurance Group Ltd. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 3446826 | 6.422 | 04/18/30 | 3442517 |
| IMA Financial Group, Inc. | IMA Financial Group, Inc. | IMA Financial Group, Inc. | IMA Financial Group, Inc. |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 5311054 | 6.672 | 11/01/28 | 5295546 |
| OneDigital Borrower LLC | OneDigital Borrower LLC | OneDigital Borrower LLC | OneDigital Borrower LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 569221 | 6.672 | 07/02/31 | 567326 |
| Ryan Specialty Group LLC | Ryan Specialty Group LLC | Ryan Specialty Group LLC | Ryan Specialty Group LLC |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 690015 | 5.672 | 09/15/31 | 689443 |
| Sedgwick Claims Management Services, Inc. | Sedgwick Claims Management Services, Inc. | Sedgwick Claims Management Services, Inc. | Sedgwick Claims Management Services, Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1290092 | 6.172 | 07/31/31 | 1284248 |
| Trucordia Insurance Holdings LLC | Trucordia Insurance Holdings LLC | Trucordia Insurance Holdings LLC | Trucordia Insurance Holdings LLC |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 5983125 | 6.922 | 06/17/32 | 5942021 |
| Truist Insurance Holdings LLC | Truist Insurance Holdings LLC | Truist Insurance Holdings LLC | Truist Insurance Holdings LLC |
| (3 mo. USD Term SOFR + 4.750%) | (3 mo. USD Term SOFR + 4.750%) | (3 mo. USD Term SOFR + 4.750%) | (3 mo. USD Term SOFR + 4.750%) |
| 7250000 | 8.422 | 05/06/32 | 7268125 |
| USI, Inc. | USI, Inc. | USI, Inc. | USI, Inc. |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 1213233 | 5.922 | 11/21/29 | 1211716 |
| 264773 | 5.922 | 09/29/30 | 263978 |
|  |  |  | 58997737 |
| **Internet – 1.1%** | **Internet – 1.1%** | **Internet – 1.1%** | **Internet – 1.1%** |
| Arches Buyer, Inc. | Arches Buyer, Inc. | Arches Buyer, Inc. | Arches Buyer, Inc. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 2891344 | 7.022 | 12/06/27 | 2877408 |
| BEP Intermediate Holdco LLC | BEP Intermediate Holdco LLC | BEP Intermediate Holdco LLC | BEP Intermediate Holdco LLC |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 703339 | 6.422 | 04/25/31 | 704218 |
| CNT Holdings I Corp. | CNT Holdings I Corp. | CNT Holdings I Corp. | CNT Holdings I Corp. |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 2180983 | 6.167 | 11/08/32 | 2177013 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Internet – (continued)** | **Internet – (continued)** | **Internet – (continued)** | **Internet – (continued)** |
| MH Sub I LLC | MH Sub I LLC | MH Sub I LLC | MH Sub I LLC |
| (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) | (1 mo. USD Term SOFR + 4.250%) |
| 748977 | 7.922% | 05/03/28 | $677292 |
| 1122166 | 7.922 | 12/31/31 | 915968 |
| Polaris Purchaser, Inc. | Polaris Purchaser, Inc. | Polaris Purchaser, Inc. | Polaris Purchaser, Inc. |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 1090833 | 7.167 | 03/03/31 | 1063563 |
| Proofpoint, Inc. | Proofpoint, Inc. | Proofpoint, Inc. | Proofpoint, Inc. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 9564776 | 6.672 | 08/31/28 | 9487110 |
| PUG LLC | PUG LLC | PUG LLC | PUG LLC |
| (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) |
| 1938904 | 8.422 | 03/15/30 | 1932855 |
| Speedster Bidco GmbH | Speedster Bidco GmbH | Speedster Bidco GmbH | Speedster Bidco GmbH |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 1027257 | 6.686 | 12/11/31 | 1022121 |
| team.blue Finco SARL | team.blue Finco SARL | team.blue Finco SARL | team.blue Finco SARL |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 999071 | 6.922 | 07/12/32 | 966601 |
|  |  |  | 21824149 |
| **Leisure Time – 0.7%** | **Leisure Time – 0.7%** | **Leisure Time – 0.7%** | **Leisure Time – 0.7%** |
| Alterra Mountain Co. | Alterra Mountain Co. | Alterra Mountain Co. | Alterra Mountain Co. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 4330544 | 6.172 | 08/17/28 | 4332362 |
| 3909695 | 6.172 | 05/31/30 | 3914583 |
| Bulldog Purchaser, Inc. | Bulldog Purchaser, Inc. | Bulldog Purchaser, Inc. | Bulldog Purchaser, Inc. |
| 2035000 | 0.000 <sup>(j)</sup> | 01/28/33 | 2027369 |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 1332036 | 7.396 | 06/27/31 | 1330703 |
| Life Time Fitness, Inc. | Life Time Fitness, Inc. | Life Time Fitness, Inc. | Life Time Fitness, Inc. |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 959825 | 5.688 | 11/05/31 | 962628 |
| Recess Holdings, Inc. | Recess Holdings, Inc. | Recess Holdings, Inc. | Recess Holdings, Inc. |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 1087307 | 7.418 | 02/20/30 | 1090362 |
|  |  |  | 13658007 |
| **Lodging – 0.3%** | **Lodging – 0.3%** | **Lodging – 0.3%** | **Lodging – 0.3%** |
| Fertitta Entertainment LLC | Fertitta Entertainment LLC | Fertitta Entertainment LLC | Fertitta Entertainment LLC |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 1572718 | 6.922 | 01/27/29 | 1568078 |
| Four Seasons Hotels Ltd. | Four Seasons Hotels Ltd. | Four Seasons Hotels Ltd. | Four Seasons Hotels Ltd. |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 711633 | 5.422 | 09/22/32 | 715668 |
| Station Casinos LLC | Station Casinos LLC | Station Casinos LLC | Station Casinos LLC |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 504037 | 5.672 | 03/14/31 | 503986 |
| Turquoise Topco Ltd. | Turquoise Topco Ltd. | Turquoise Topco Ltd. | Turquoise Topco Ltd. |
| 2343126 | 0.000 <sup>(j)</sup> | 12/30/32 | 2328482 |
|  |  |  | 5116214 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Machinery - Construction & Mining – 0.1%** | **Machinery - Construction & Mining – 0.1%** | **Machinery - Construction & Mining – 0.1%** | **Machinery - Construction & Mining – 0.1%** |
| WEC U.S. Holdings Ltd. | WEC U.S. Holdings Ltd. | WEC U.S. Holdings Ltd. | WEC U.S. Holdings Ltd. |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| $1166374 | 5.700% | 01/27/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164519 |
| **Machinery-Diversified – 1.7%** | **Machinery-Diversified – 1.7%** | **Machinery-Diversified – 1.7%** | **Machinery-Diversified – 1.7%** |
| Arcline FM Holdings LLC | Arcline FM Holdings LLC | Arcline FM Holdings LLC | Arcline FM Holdings LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1271460 | 6.422 | 06/23/30 | 1273252 |
| Bettcher Industries, Inc. | Bettcher Industries, Inc. | Bettcher Industries, Inc. | Bettcher Industries, Inc. |
| (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) |
| 1034042 | 7.672 | 12/14/28 | 1042448 |
| CD&R Hydra Buyer, Inc. | CD&R Hydra Buyer, Inc. | CD&R Hydra Buyer, Inc. | CD&R Hydra Buyer, Inc. |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 762994 | 7.772 | 03/25/31 | 759659 |
| Chart Industries, Inc. | Chart Industries, Inc. | Chart Industries, Inc. | Chart Industries, Inc. |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 6509463 | 6.161 | 03/15/30 | 6515582 |
| Columbus McKinnon Corp. | Columbus McKinnon Corp. | Columbus McKinnon Corp. | Columbus McKinnon Corp. |
| 2950000 | 0.000 <sup>(j)</sup> | 01/21/33 | 2927875 |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 1994181 | 6.172 | 05/14/28 | 1981718 |
| Engineered Machinery Holdings, Inc. | Engineered Machinery Holdings, Inc. | Engineered Machinery Holdings, Inc. | Engineered Machinery Holdings, Inc. |
| (3 mo. USD Term SOFR + 0.500%) | (3 mo. USD Term SOFR + 0.500%) | (3 mo. USD Term SOFR + 0.500%) | (3 mo. USD Term SOFR + 0.500%) |
| 66912 | 6.922 | 11/26/32 | 67127 |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 2540352 | 6.922 | 11/26/32 | 2548507 |
| (3 mo. USD Term SOFR + 6.000%) | (3 mo. USD Term SOFR + 6.000%) | (3 mo. USD Term SOFR + 6.000%) | (3 mo. USD Term SOFR + 6.000%) |
| 750000 | 9.934 | 05/21/29 | 753750 |
| INNIO Group Holding GmbH | INNIO Group Holding GmbH | INNIO Group Holding GmbH | INNIO Group Holding GmbH |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 1629162 | 5.925 | 11/02/28 | 1627837 |
| LSF12 Helix Parent LLC | LSF12 Helix Parent LLC | LSF12 Helix Parent LLC | LSF12 Helix Parent LLC |
| 1578000 | 0.000 <sup>(j)</sup> | 01/21/33 | 1572082 |
| Pro Mach Group, Inc. | Pro Mach Group, Inc. | Pro Mach Group, Inc. | Pro Mach Group, Inc. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 3100000 | 6.422 | 10/15/32 | 3098853 |
| Project Castle, Inc. | Project Castle, Inc. | Project Castle, Inc. | Project Castle, Inc. |
| (6 mo. USD Term SOFR + 5.500%) | (6 mo. USD Term SOFR + 5.500%) | (6 mo. USD Term SOFR + 5.500%) | (6 mo. USD Term SOFR + 5.500%) |
| 1408060 | 9.361 | 06/01/29 | 704030 |
| Roper Industrial Products Investment Co. LLC | Roper Industrial Products Investment Co. LLC | Roper Industrial Products Investment Co. LLC | Roper Industrial Products Investment Co. LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 3425695 | 6.422 | 11/22/29 | 3422372 |
| SPX Flow, Inc. | SPX Flow, Inc. | SPX Flow, Inc. | SPX Flow, Inc. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 1327947 | 6.422 | 04/05/29 | 1327602 |
| TK Elevator Midco GmbH | TK Elevator Midco GmbH | TK Elevator Midco GmbH | TK Elevator Midco GmbH |
| (6 mo. USD Term SOFR + 2.750%) | (6 mo. USD Term SOFR + 2.750%) | (6 mo. USD Term SOFR + 2.750%) | (6 mo. USD Term SOFR + 2.750%) |
| 3932734 | 6.377 | 04/30/30 | 3939420 |
| Victory Buyer LLC | Victory Buyer LLC | Victory Buyer LLC | Victory Buyer LLC |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 1454348 | 7.536 | 11/19/28 | 1460588 |
|  |  |  | 35022702 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Media – 0.4%** | **Media – 0.4%** | **Media – 0.4%** | **Media – 0.4%** |
| Century De Buyer LLC | Century De Buyer LLC | Century De Buyer LLC | Century De Buyer LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| $969916 | 6.667% | 10/30/30 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960945 |
| EW Scripps Co. | EW Scripps Co. | EW Scripps Co. | EW Scripps Co. |
| (1 mo. USD Term SOFR + 5.750%) | (1 mo. USD Term SOFR + 5.750%) | (1 mo. USD Term SOFR + 5.750%) | (1 mo. USD Term SOFR + 5.750%) |
| 538863 | 9.540 | 06/30/28 | 543131 |
| Gray Television, Inc. | Gray Television, Inc. | Gray Television, Inc. | Gray Television, Inc. |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 214494 | 6.814 | 12/01/28 | 213383 |
| (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) | (1 mo. USD Term SOFR + 5.250%) |
| 5300 | 8.950 | 06/04/29 | 5297 |
| NEP Group, Inc. | NEP Group, Inc. | NEP Group, Inc. | NEP Group, Inc. |
| (1 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) |
| 2137485 | 8.172 | 10/17/31 | 1951417 |
| Telenet Financing USD LLC | Telenet Financing USD LLC | Telenet Financing USD LLC | Telenet Financing USD LLC |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 2109231 | 5.795 | 04/28/28 | 2083751 |
| Virgin Media Bristol LLC | Virgin Media Bristol LLC | Virgin Media Bristol LLC | Virgin Media Bristol LLC |
| (6 mo. USD Term SOFR + 3.175%) | (6 mo. USD Term SOFR + 3.175%) | (6 mo. USD Term SOFR + 3.175%) | (6 mo. USD Term SOFR + 3.175%) |
| 642124 | 7.052 | 03/31/31 | 629615 |
| WideOpenWest Finance LLC | WideOpenWest Finance LLC | WideOpenWest Finance LLC | WideOpenWest Finance LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 283203 | 6.929 | 12/11/28 | 259697 |
| (3 mo. USD Term SOFR + 7.000%) | (3 mo. USD Term SOFR + 7.000%) | (3 mo. USD Term SOFR + 7.000%) | (3 mo. USD Term SOFR + 7.000%) |
| 397103 | 10.929 | 12/11/28 | 402778 |
|  |  |  | 7050014 |
| **Metal Fabricate & Hardware – 0.3%** | **Metal Fabricate & Hardware – 0.3%** | **Metal Fabricate & Hardware – 0.3%** | **Metal Fabricate & Hardware – 0.3%** |
| Crosby U.S. Acquisition Corp. | Crosby U.S. Acquisition Corp. | Crosby U.S. Acquisition Corp. | Crosby U.S. Acquisition Corp. |
| (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) |
| 5135382 | 7.172 | 08/16/29 | 5134560 |
| **Miscellaneous Manufacturing – 0.3%** | **Miscellaneous Manufacturing – 0.3%** | **Miscellaneous Manufacturing – 0.3%** | **Miscellaneous Manufacturing – 0.3%** |
| CoorsTek, Inc. | CoorsTek, Inc. | CoorsTek, Inc. | CoorsTek, Inc. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 655000 | 6.671 | 10/28/32 | 656362 |
| LTI Holdings, Inc. | LTI Holdings, Inc. | LTI Holdings, Inc. | LTI Holdings, Inc. |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 4198225 | 7.422 | 07/29/29 | 4203893 |
| Touchdown Acquirer, Inc. | Touchdown Acquirer, Inc. | Touchdown Acquirer, Inc. | Touchdown Acquirer, Inc. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 849222 | 6.572 | 02/21/31 | 848424 |
|  |  |  | 5708679 |
| **Oil & Gas – 0.2%** | **Oil & Gas – 0.2%** | **Oil & Gas – 0.2%** | **Oil & Gas – 0.2%** |
| Par Petroleum LLC | Par Petroleum LLC | Par Petroleum LLC | Par Petroleum LLC |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 646683 | 6.955 | 02/28/30 | 647220 |
| Pasadena Performance Products LLC | Pasadena Performance Products LLC | Pasadena Performance Products LLC | Pasadena Performance Products LLC |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 2820820 | 6.922 | 02/27/32 | 2817294 |
|  |  |  | 3464514 |
| **Packaging – 0.7%** | **Packaging – 0.7%** | **Packaging – 0.7%** | **Packaging – 0.7%** |
| Albea Beauty Holdings SA | Albea Beauty Holdings SA | Albea Beauty Holdings SA | Albea Beauty Holdings SA |
| 1000000 | 0.000 <sup>(j)</sup> | 12/31/27 | 1158679 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Packaging – (continued)** | **Packaging – (continued)** | **Packaging – (continued)** | **Packaging – (continued)** |
| BradyPlus Holdings LLC | BradyPlus Holdings LLC | BradyPlus Holdings LLC | BradyPlus Holdings LLC |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| $2535000 | 7.172% | 12/29/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2518092 |
| Brook & Whittle Holding Corp. | Brook & Whittle Holding Corp. | Brook & Whittle Holding Corp. | Brook & Whittle Holding Corp. |
| (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) |
| 1248461 | 8.494 | 12/14/30 | 724107 |
| (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) | (3 mo. USD Term SOFR + 6.500%) |
| 218787 | 10.344 | 12/14/30 | 220155 |
| Charter NEX U.S., Inc. | Charter NEX U.S., Inc. | Charter NEX U.S., Inc. | Charter NEX U.S., Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1478852 | 6.188 | 11/29/30 | 1478231 |
| Graham Packaging Co., Inc. | Graham Packaging Co., Inc. | Graham Packaging Co., Inc. | Graham Packaging Co., Inc. |
| 100000 | 0.000 <sup>(j)</sup> | 01/14/33 | 99833 |
| LABL, Inc. | LABL, Inc. | LABL, Inc. | LABL, Inc. |
| (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) |
| 4480482 | 8.767 | 10/30/28 | 2036917 |
| Pregis TopCo Corp. | Pregis TopCo Corp. | Pregis TopCo Corp. | Pregis TopCo Corp. |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 993568 | 7.672 | 02/01/29 | 995584 |
| Pretium Packaging LLC | Pretium Packaging LLC | Pretium Packaging LLC | Pretium Packaging LLC |
| (3 mo. USD Term SOFR + 4.600%) | (3 mo. USD Term SOFR + 4.600%) | (3 mo. USD Term SOFR + 4.600%) | (3 mo. USD Term SOFR + 4.600%) |
| 1790301 | 8.501 | 10/02/28 | 731231 |
| Proampac PG Borrower LLC | Proampac PG Borrower LLC | Proampac PG Borrower LLC | Proampac PG Borrower LLC |
| (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) |
| 1968194 | 7.878 | 09/15/28 | 1967367 |
| Trident TPI Holdings, Inc. | Trident TPI Holdings, Inc. | Trident TPI Holdings, Inc. | Trident TPI Holdings, Inc. |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 1485562 | 7.422 | 09/15/28 | 1397513 |
|  |  |  | 13327709 |
| **Pharmaceuticals – 1.3%** | **Pharmaceuticals – 1.3%** | **Pharmaceuticals – 1.3%** | **Pharmaceuticals – 1.3%** |
| Alkermes, Inc. | Alkermes, Inc. | Alkermes, Inc. | Alkermes, Inc. |
| 650000 | 0.000 <sup>(e)(j)</sup> | 01/28/31 | 651625 |
| Bausch Health Cos., Inc. | Bausch Health Cos., Inc. | Bausch Health Cos., Inc. | Bausch Health Cos., Inc. |
| (1 mo. USD Term SOFR + 6.250%) | (1 mo. USD Term SOFR + 6.250%) | (1 mo. USD Term SOFR + 6.250%) | (1 mo. USD Term SOFR + 6.250%) |
| 611925 | 9.922 | 10/08/30 | 595929 |
| Covetrus, Inc. | Covetrus, Inc. | Covetrus, Inc. | Covetrus, Inc. |
| (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) | (3 mo. USD Term SOFR + 5.000%) |
| 7419637 | 8.672 | 10/13/29 | 7096364 |
| Curium BidCo SARL | Curium BidCo SARL | Curium BidCo SARL | Curium BidCo SARL |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 2829231 | 6.672 | 08/04/31 | 2835116 |
| Gainwell Acquisition Corp. | Gainwell Acquisition Corp. | Gainwell Acquisition Corp. | Gainwell Acquisition Corp. |
| (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) |
| 10790715 | 7.772 | 10/01/27 | 10287113 |
| Grifols Worldwide Operations USA, Inc. | Grifols Worldwide Operations USA, Inc. | Grifols Worldwide Operations USA, Inc. | Grifols Worldwide Operations USA, Inc. |
| (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) |
| 562931 | 5.972 | 11/15/27 | 561974 |
| Lannett Co., Inc. | Lannett Co., Inc. | Lannett Co., Inc. | Lannett Co., Inc. |
| (Fixed + 2.000%) | (Fixed + 2.000%) | (Fixed + 2.000%) | (Fixed + 2.000%) |
| 302810 | 2.000 <sup>(e)</sup> | 06/16/30 | 302810 |
| Sharp Services LLC | Sharp Services LLC | Sharp Services LLC | Sharp Services LLC |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 1556604 | 6.672 | 09/29/32 | 1559530 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** |
| Southern Veterinary Partners LLC | Southern Veterinary Partners LLC | Southern Veterinary Partners LLC | Southern Veterinary Partners LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| $1517447 | 6.173% | 12/04/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1515398 |
|  |  |  | 25405859 |
| **Pipelines – 1.1%** | **Pipelines – 1.1%** | **Pipelines – 1.1%** | **Pipelines – 1.1%** |
| AL GCX Holdings LLC | AL GCX Holdings LLC | AL GCX Holdings LLC | AL GCX Holdings LLC |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 1040000 | 5.925 | 12/17/32 | 1037774 |
| AL NGPL Holdings LLC | AL NGPL Holdings LLC | AL NGPL Holdings LLC | AL NGPL Holdings LLC |
| 650000 | 0.000 <sup>(j)</sup> | 12/09/30 | 650540 |
| BCP Renaissance Parent LLC | BCP Renaissance Parent LLC | BCP Renaissance Parent LLC | BCP Renaissance Parent LLC |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 1583618 | 6.172 | 10/31/28 | 1576888 |
| BIP PipeCo Holdings LLC | BIP PipeCo Holdings LLC | BIP PipeCo Holdings LLC | BIP PipeCo Holdings LLC |
| 325000 | 0.000 <sup>(j)</sup> | 12/06/30 | 325000 |
| CPPIB OVM Member U.S. LLC | CPPIB OVM Member U.S. LLC | CPPIB OVM Member U.S. LLC | CPPIB OVM Member U.S. LLC |
| 310000 | 0.000 <sup>(j)</sup> | 08/20/31 | 309944 |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 1554489 | 6.172 | 08/20/31 | 1554209 |
| CQP Holdco LP | CQP Holdco LP | CQP Holdco LP | CQP Holdco LP |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 758919 | 5.422 | 12/31/32 | 755337 |
| Freeport LNG Investments LLLP | Freeport LNG Investments LLLP | Freeport LNG Investments LLLP | Freeport LNG Investments LLLP |
| 4107000 | 0.000 <sup>(j)</sup> | 01/29/33 | 4091599 |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 3889739 | 6.929 | 11/16/26 | 3886510 |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 145315 | 6.918 | 12/21/28 | 145314 |
| GIP Pilot Acquisition Partners LP | GIP Pilot Acquisition Partners LP | GIP Pilot Acquisition Partners LP | GIP Pilot Acquisition Partners LP |
| (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) |
| 985310 | 5.646 | 10/04/30 | 985005 |
| M6 ETX Holdings II Midco LLC | M6 ETX Holdings II Midco LLC | M6 ETX Holdings II Midco LLC | M6 ETX Holdings II Midco LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 799781 | 6.172 | 04/01/32 | 799445 |
| Oryx Midstream Services Permian Basin LLC | Oryx Midstream Services Permian Basin LLC | Oryx Midstream Services Permian Basin LLC | Oryx Midstream Services Permian Basin LLC |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 1307295 | 5.924 | 10/05/28 | 1306929 |
| Prairie ECI Acquiror LP | Prairie ECI Acquiror LP | Prairie ECI Acquiror LP | Prairie ECI Acquiror LP |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 1379249 | 7.422 | 08/01/29 | 1378959 |
| TransMontaigne Operating Co. LP | TransMontaigne Operating Co. LP | TransMontaigne Operating Co. LP | TransMontaigne Operating Co. LP |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 755022 | 6.172 | 11/17/28 | 753807 |
| Traverse Midstream Partners LLC | Traverse Midstream Partners LLC | Traverse Midstream Partners LLC | Traverse Midstream Partners LLC |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 1496573 | 6.167 | 02/16/28 | 1496573 |
| Whitewater Matterhorn Holdings LLC | Whitewater Matterhorn Holdings LLC | Whitewater Matterhorn Holdings LLC | Whitewater Matterhorn Holdings LLC |
| (3 mo. USD Term SOFR + 1.750%) | (3 mo. USD Term SOFR + 1.750%) | (3 mo. USD Term SOFR + 1.750%) | (3 mo. USD Term SOFR + 1.750%) |
| 957600 | 5.417 | 06/16/32 | 953262 |
|  |  |  | 22007095 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Real Estate – 0.4%** | **Real Estate – 0.4%** | **Real Estate – 0.4%** | **Real Estate – 0.4%** |
| CoreLogic, Inc. | CoreLogic, Inc. | CoreLogic, Inc. | CoreLogic, Inc. |
| (1 mo. USD Term SOFR + 6.500%) | (1 mo. USD Term SOFR + 6.500%) | (1 mo. USD Term SOFR + 6.500%) | (1 mo. USD Term SOFR + 6.500%) |
| $4225000 | 10.286% | 06/04/29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4172187 |
| (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) | (1 mo. USD Term SOFR + 3.500%) |
| 2928877 | 7.286 | 06/02/28 | 2919124 |
| Hill Top Energy Center LLC | Hill Top Energy Center LLC | Hill Top Energy Center LLC | Hill Top Energy Center LLC |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 762531 | 6.922 | 06/26/32 | 762767 |
|  |  |  | 7854078 |
| **Real Estate Investment Trust – 0.1%** | **Real Estate Investment Trust – 0.1%** | **Real Estate Investment Trust – 0.1%** | **Real Estate Investment Trust – 0.1%** |
| CHPPR Midco, Inc. | CHPPR Midco, Inc. | CHPPR Midco, Inc. | CHPPR Midco, Inc. |
| (3 mo. USD Term SOFR + 8.750%) | (3 mo. USD Term SOFR + 8.750%) | (3 mo. USD Term SOFR + 8.750%) | (3 mo. USD Term SOFR + 8.750%) |
| 847616 | 12.750 | 12/31/29 | 846556 |
| RLJ Lodging Trust LP | RLJ Lodging Trust LP | RLJ Lodging Trust LP | RLJ Lodging Trust LP |
| (1 mo. USD Term SOFR + 1.950%) | (1 mo. USD Term SOFR + 1.950%) | (1 mo. USD Term SOFR + 1.950%) | (1 mo. USD Term SOFR + 1.950%) |
| 596230 | 5.724 <sup>(e)</sup> | 05/10/26 | 575362 |
|  |  |  | 1421918 |
| **Retail – 0.8%** | **Retail – 0.8%** | **Retail – 0.8%** | **Retail – 0.8%** |
| 1011778 BC Unlimited Liability Co. | 1011778 BC Unlimited Liability Co. | 1011778 BC Unlimited Liability Co. | 1011778 BC Unlimited Liability Co. |
| (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) | (1 mo. USD Term SOFR + 1.750%) |
| 147519 | 5.422 | 09/20/30 | 147002 |
| Dominion Diamond<sup>(e)</sup>  | Dominion Diamond<sup>(e)</sup>  | Dominion Diamond<sup>(e)</sup>  | Dominion Diamond<sup>(e)</sup>  |
| (Fixed + 10.000%) | (Fixed + 10.000%) | (Fixed + 10.000%) | (Fixed + 10.000%) |
| 25308 | 10.000 | 02/02/26 | 25308 |
| (Fixed + 10.500%) | (Fixed + 10.500%) | (Fixed + 10.500%) | (Fixed + 10.500%) |
| 479091 | 10.000 | 06/30/26 | 363630 |
| Great Outdoors Group LLC | Great Outdoors Group LLC | Great Outdoors Group LLC | Great Outdoors Group LLC |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 989256 | 6.922 | 01/23/32 | 988020 |
| IRB Holding Corp. | IRB Holding Corp. | IRB Holding Corp. | IRB Holding Corp. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1051046 | 6.172 | 12/16/30 | 1050342 |
| Johnstone Supply LLC | Johnstone Supply LLC | Johnstone Supply LLC | Johnstone Supply LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 492601 | 6.177 | 06/09/31 | 492262 |
| K-Mac Holdings Corp. | K-Mac Holdings Corp. | K-Mac Holdings Corp. | K-Mac Holdings Corp. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 1116570 | 6.922 | 07/21/28 | 1117965 |
| Kodiak Building Partners, Inc. | Kodiak Building Partners, Inc. | Kodiak Building Partners, Inc. | Kodiak Building Partners, Inc. |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 584732 | 7.422 | 12/04/31 | 573844 |
| LBM Acquisition LLC | LBM Acquisition LLC | LBM Acquisition LLC | LBM Acquisition LLC |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 1040585 | 7.521 | 06/06/31 | 999565 |
| Pacific Bells LLC | Pacific Bells LLC | Pacific Bells LLC | Pacific Bells LLC |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 498750 | 7.422 | 11/13/28 | 499787 |
| Peer Holding III BV | Peer Holding III BV | Peer Holding III BV | Peer Holding III BV |
| 395000 | 0.000 <sup>(j)</sup> | 09/29/32 | 394506 |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 576210 | 6.172 | 10/28/30 | 575490 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Retail – (continued)** | **Retail – (continued)** | **Retail – (continued)** | **Retail – (continued)** |
| PetSmart, Inc. | PetSmart, Inc. | PetSmart, Inc. | PetSmart, Inc. |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| $125000 | 7.671% | 08/18/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124813 |
| Raising Cane's Restaurants LLC | Raising Cane's Restaurants LLC | Raising Cane's Restaurants LLC | Raising Cane's Restaurants LLC |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 845000 | 5.688 | 11/03/32 | 842364 |
| Specialty Building Products Holdings LLC | Specialty Building Products Holdings LLC | Specialty Building Products Holdings LLC | Specialty Building Products Holdings LLC |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 1898203 | 7.522 | 10/16/28 | 1797446 |
| Tacala LLC | Tacala LLC | Tacala LLC | Tacala LLC |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1984975 | 6.672 | 01/31/31 | 1986960 |
| Whatabrands LLC | Whatabrands LLC | Whatabrands LLC | Whatabrands LLC |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 2705443 | 6.172 | 08/03/28 | 2700573 |
| White Cap Buyer LLC | White Cap Buyer LLC | White Cap Buyer LLC | White Cap Buyer LLC |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 994962 | 6.922 | 10/19/29 | 991858 |
|  |  |  | 15671735 |
| **Software – 3.7%** | **Software – 3.7%** | **Software – 3.7%** | **Software – 3.7%** |
| Applied Systems, Inc. | Applied Systems, Inc. | Applied Systems, Inc. | Applied Systems, Inc. |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 1260625 | 6.172 | 02/24/31 | 1249393 |
| (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) | (3 mo. USD Term SOFR + 4.500%) |
| 3323000 | 8.172 | 02/23/32 | 3353638 |
| Athenahealth Group, Inc. | Athenahealth Group, Inc. | Athenahealth Group, Inc. | Athenahealth Group, Inc. |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 1877615 | 6.422 | 02/15/29 | 1851404 |
| Avalara, Inc. | Avalara, Inc. | Avalara, Inc. | Avalara, Inc. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1304041 | 6.422 | 03/26/32 | 1275782 |
| Avaya, Inc. | Avaya, Inc. | Avaya, Inc. | Avaya, Inc. |
| (1 mo. USD Term SOFR + 7.500%) | (1 mo. USD Term SOFR + 7.500%) | (1 mo. USD Term SOFR + 7.500%) | (1 mo. USD Term SOFR + 7.500%) |
| 1651865 | 11.172 | 08/01/28 | 1511968 |
| BCPE Pequod Buyer, Inc. | BCPE Pequod Buyer, Inc. | BCPE Pequod Buyer, Inc. | BCPE Pequod Buyer, Inc. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 2493438 | 6.417 | 11/25/31 | 2479923 |
| Bending Spoons U.S., Inc. | Bending Spoons U.S., Inc. | Bending Spoons U.S., Inc. | Bending Spoons U.S., Inc. |
| (1 mo. USD Term SOFR + 5.875%) | (1 mo. USD Term SOFR + 5.875%) | (1 mo. USD Term SOFR + 5.875%) | (1 mo. USD Term SOFR + 5.875%) |
| 1215165 | 9.550 | 03/07/31 | 1169597 |
| Calabrio, Inc. | Calabrio, Inc. | Calabrio, Inc. | Calabrio, Inc. |
| (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) | (3 mo. USD Term SOFR + 4.000%) |
| 276368 | 7.835 <sup>(e)</sup> | 11/26/32 | 253223 |
| Cast & Crew Payroll LLC | Cast & Crew Payroll LLC | Cast & Crew Payroll LLC | Cast & Crew Payroll LLC |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 1415362 | 7.417 | 12/29/28 | 871863 |
| CCC Intelligent Solutions, Inc. | CCC Intelligent Solutions, Inc. | CCC Intelligent Solutions, Inc. | CCC Intelligent Solutions, Inc. |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 857392 | 5.672 | 01/23/32 | 848818 |
| Central Parent, Inc. | Central Parent, Inc. | Central Parent, Inc. | Central Parent, Inc. |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 2660726 | 6.922 | 07/06/29 | 2122886 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Software – (continued)** | **Software – (continued)** | **Software – (continued)** | **Software – (continued)** |
| Clearwater Analytics LLC | Clearwater Analytics LLC | Clearwater Analytics LLC | Clearwater Analytics LLC |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 710719 | 5.673% | 04/21/32 | $708942 |
| Cloud Software Group, Inc. | Cloud Software Group, Inc. | Cloud Software Group, Inc. | Cloud Software Group, Inc. |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 268377 | 6.922 | 03/21/31 | 259907 |
| 1081696 | 6.922 | 08/13/32 | 1047893 |
| ConnectWise LLC | ConnectWise LLC | ConnectWise LLC | ConnectWise LLC |
| (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) | (3 mo. USD Term SOFR + 3.500%) |
| 1601820 | 7.434 | 09/29/28 | 1540422 |
| Cotiviti Corp. | Cotiviti Corp. | Cotiviti Corp. | Cotiviti Corp. |
| (Fixed + 7.625%) | (Fixed + 7.625%) | (Fixed + 7.625%) | (Fixed + 7.625%) |
| 800000 | 7.625 | 05/01/31 | 744504 |
| Darktrace PLC | Darktrace PLC | Darktrace PLC | Darktrace PLC |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 726195 | 6.898 | 10/09/31 | 706225 |
| (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) |
| 355000 | 8.898 | 10/09/32 | 349824 |
| Databricks, Inc. | Databricks, Inc. | Databricks, Inc. | Databricks, Inc. |
| (1 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) |
| 491572 | 8.188 <sup>(e)</sup> | 01/05/32 | 494030 |
| Dayforce, Inc. | Dayforce, Inc. | Dayforce, Inc. | Dayforce, Inc. |
| 1266000 | 0.000 <sup>(j)</sup> | 08/20/32 | 1228020 |
| (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) | (3 mo. USD Term SOFR + 2.000%) |
| 6226738 | 5.667 | 03/01/31 | 6211171 |
| Disco Parent, Inc. | Disco Parent, Inc. | Disco Parent, Inc. | Disco Parent, Inc. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 1290000 | 6.822 | 08/06/32 | 1280325 |
| DTI Holdco, Inc. | DTI Holdco, Inc. | DTI Holdco, Inc. | DTI Holdco, Inc. |
| (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
| 1058866 | 7.672 | 04/26/29 | 989712 |
| Ellucian Holdings, Inc. | Ellucian Holdings, Inc. | Ellucian Holdings, Inc. | Ellucian Holdings, Inc. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 1462695 | 6.172 | 10/08/29 | 1444777 |
| (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) | (1 mo. USD Term SOFR + 4.750%) |
| 8247888 | 8.422 | 11/22/32 | 8052001 |
| Entrata, Inc. | Entrata, Inc. | Entrata, Inc. | Entrata, Inc. |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 803385 | 6.672 | 09/30/32 | 799368 |
| Epicor Software Corp. | Epicor Software Corp. | Epicor Software Corp. | Epicor Software Corp. |
| (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) | (1 mo. USD Term SOFR + 2.500%) |
| 760456 | 6.172 | 05/30/31 | 754281 |
| EverCommerce, Inc. | EverCommerce, Inc. | EverCommerce, Inc. | EverCommerce, Inc. |
| (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) | (1 mo. USD Term SOFR + 2.250%) |
| 188315 | 5.922 | 07/07/31 | 187703 |
| Inmar, Inc. | Inmar, Inc. | Inmar, Inc. | Inmar, Inc. |
| (1 mo. USD Term SOFR + 4.500%) – (3 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) – (3 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) – (3 mo. USD Term SOFR + 4.500%) | (1 mo. USD Term SOFR + 4.500%) – (3 mo. USD Term SOFR + 4.500%) |
| 902379 | 8.167–8.172 | 10/30/31 | 888094 |
| Instructure Holdings, Inc. | Instructure Holdings, Inc. | Instructure Holdings, Inc. | Instructure Holdings, Inc. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1112136 | 6.411–6.444 | 11/13/31 | 1092673 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
| **Software – (continued)** | **Software – (continued)** | **Software – (continued)** | **Software – (continued)** |
| Marcel LUX IV SARL | Marcel LUX IV SARL | Marcel LUX IV SARL | Marcel LUX IV SARL |
| (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
| 1375921 | 6.660 %<sup>(e)</sup> | 11/12/30 | $1362162 |
| Mermaid Bidco, Inc. | Mermaid Bidco, Inc. | Mermaid Bidco, Inc. | Mermaid Bidco, Inc. |
| (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) | (3 mo. USD Term SOFR + 3.250%) |
| 1171735 | 7.151 | 07/03/31 | 1149765 |
| Modena Buyer LLC | Modena Buyer LLC | Modena Buyer LLC | Modena Buyer LLC |
| (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) | (3 mo. USD Term SOFR + 4.250%) |
| 365256 | 7.917 | 07/01/31 | 347296 |
| Motus LLC | Motus LLC | Motus LLC | Motus LLC |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 739818 | 7.422 <sup>(e)</sup> | 12/11/28 | 717624 |
| PointClickCare Technologies, Inc. | PointClickCare Technologies, Inc. | PointClickCare Technologies, Inc. | PointClickCare Technologies, Inc. |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 1339354 | 6.422 | 11/03/31 | 1329872 |
| Polaris Newco LLC | Polaris Newco LLC | Polaris Newco LLC | Polaris Newco LLC |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 6051326 | 7.679 | 06/02/28 | 5564981 |
| Project Boost Purchaser LLC | Project Boost Purchaser LLC | Project Boost Purchaser LLC | Project Boost Purchaser LLC |
| (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
| 913478 | 6.422 | 07/16/31 | 896186 |
| Project Ruby Ultimate Parent Corp. | Project Ruby Ultimate Parent Corp. | Project Ruby Ultimate Parent Corp. | Project Ruby Ultimate Parent Corp. |
| 540000 | 0.000 <sup>(e)(j)</sup> | 03/12/29 | 540000 |
| (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) | (1 mo. USD Term SOFR + 2.750%) |
| 2246092 | 6.536 | 03/10/28 | 2227854 |
| PushPay USA, Inc. | PushPay USA, Inc. | PushPay USA, Inc. | PushPay USA, Inc. |
| (6 mo. USD Term SOFR + 3.750%) | (6 mo. USD Term SOFR + 3.750%) | (6 mo. USD Term SOFR + 3.750%) | (6 mo. USD Term SOFR + 3.750%) |
| 1095840 | 7.622 | 08/15/31 | 1088991 |
| Quickbase, Inc. | Quickbase, Inc. | Quickbase, Inc. | Quickbase, Inc. |
| (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) | (1 mo. USD Term SOFR + 3.250%) |
| 536086 | 6.922 | 10/02/28 | 526035 |
| RealPage, Inc. | RealPage, Inc. | RealPage, Inc. | RealPage, Inc. |
| (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) | (3 mo. USD Term SOFR + 3.000%) |
| 1934029 | 6.934 | 04/24/28 | 1908132 |
| (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) | (3 mo. USD Term SOFR + 3.750%) |
| 4331731 | 7.422 | 04/24/28 | 4286854 |
| Skopima Merger Sub, Inc. | Skopima Merger Sub, Inc. | Skopima Merger Sub, Inc. | Skopima Merger Sub, Inc. |
| (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) | (1 mo. USD Term SOFR + 3.750%) |
| 559109 | 7.422 | 05/12/28 | 476920 |
| SS&C Technologies, Inc. | SS&C Technologies, Inc. | SS&C Technologies, Inc. | SS&C Technologies, Inc. |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 1017000 | 5.672 | 05/09/31 | 1016074 |
| UKG, Inc. | UKG, Inc. | UKG, Inc. | UKG, Inc. |
| (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
| 908610 | 6.167 | 02/10/31 | 884759 |
| VS Buyer LLC | VS Buyer LLC | VS Buyer LLC | VS Buyer LLC |
| (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) | (3 mo. USD Term SOFR + 2.250%) |
| 1227730 | 5.917 | 04/12/31 | 1212383 |
| Waystar Technologies, Inc. | Waystar Technologies, Inc. | Waystar Technologies, Inc. | Waystar Technologies, Inc. |
| (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) | (1 mo. USD Term SOFR + 2.000%) |
| 960606 | 5.672 | 10/22/29 | 954603 |
| X.AI Corp. | X.AI Corp. | X.AI Corp. | X.AI Corp. |
| 1005000 | 0.000 <sup>(j)</sup> | 06/28/30 | 1047880 |
|  |  |  | 73306738 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest Rate** | **Maturity<br>Date** | **Value** |
| **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** | **Bank Loans<sup>(i)</sup> – (continued)** |
|  **Telecommunications – 0.6%** | **Telecommunications – 0.6%** | **Telecommunications – 0.6%** | **Telecommunications – 0.6%** | **Telecommunications – 0.6%** |
|  Delta TopCo, Inc. | Delta TopCo, Inc. | Delta TopCo, Inc. | Delta TopCo, Inc. | Delta TopCo, Inc. |
|  (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
|  $ | 676811 | 6.402–6.440% | 11/30/29 | $658077 |
|  (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) | (3 mo. USD Term SOFR + 5.250%) |
|  | 681000 | 8.902–8.940 | 11/29/30 | 650069 |
|  Ensono LP | Ensono LP | Ensono LP | Ensono LP | Ensono LP |
|  (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) | (1 mo. USD Term SOFR + 4.000%) |
|  | 1658084 | 7.786 | 05/26/28 | 1633213 |
|  Lumen Technologies, Inc. | Lumen Technologies, Inc. | Lumen Technologies, Inc. | Lumen Technologies, Inc. | Lumen Technologies, Inc. |
|  (1 mo. USD Term SOFR + 6.000%) | (1 mo. USD Term SOFR + 6.000%) | (1 mo. USD Term SOFR + 6.000%) | (1 mo. USD Term SOFR + 6.000%) | (1 mo. USD Term SOFR + 6.000%) |
|  | 440951 | 9.716 | 06/01/28 | 441722 |
|  (1 mo. USD Term SOFR + 2.350%) | (1 mo. USD Term SOFR + 2.350%) | (1 mo. USD Term SOFR + 2.350%) | (1 mo. USD Term SOFR + 2.350%) | (1 mo. USD Term SOFR + 2.350%) |
|  | 433083 | 6.136 | 04/16/29 | 431675 |
|  | 823320 | 6.136 | 04/15/30 | 820644 |
|  Nuuday AS | Nuuday AS | Nuuday AS | Nuuday AS | Nuuday AS |
|  (3 mo. EUR EURIBOR + 6.500%) | (3 mo. EUR EURIBOR + 6.500%) | (3 mo. EUR EURIBOR + 6.500%) | (3 mo. EUR EURIBOR + 6.500%) | (3 mo. EUR EURIBOR + 6.500%) |
|  EUR | 400000 | 8.582 | 02/03/28 | 476411 |
|  Syniverse Holdings, Inc. | Syniverse Holdings, Inc. | Syniverse Holdings, Inc. | Syniverse Holdings, Inc. | Syniverse Holdings, Inc. |
|  (3 mo. USD Term SOFR + 7.000%) | (3 mo. USD Term SOFR + 7.000%) | (3 mo. USD Term SOFR + 7.000%) | (3 mo. USD Term SOFR + 7.000%) | (3 mo. USD Term SOFR + 7.000%) |
|  $ | 987245 | 10.672 | 05/13/27 | 953106 |
|  Zayo Group Holdings, Inc. | Zayo Group Holdings, Inc. | Zayo Group Holdings, Inc. | Zayo Group Holdings, Inc. | Zayo Group Holdings, Inc. |
|  (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) | (1 mo. USD Term SOFR + 3.000%) |
|  | 6308642 | 6.786 | 03/11/30 | 6065949 |
|  |  |  |  | 12130866 |
|  **Transportation – 0.1%** | **Transportation – 0.1%** | **Transportation – 0.1%** | **Transportation – 0.1%** | **Transportation – 0.1%** |
|  First Student Bidco, Inc. | First Student Bidco, Inc. | First Student Bidco, Inc. | First Student Bidco, Inc. | First Student Bidco, Inc. |
|  (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) | (3 mo. USD Term SOFR + 2.500%) |
|  | 1597253 | 6.172 | 08/15/30 | 1594041 |
|  Student Transportation of America Holdings, Inc. | Student Transportation of America Holdings, Inc. | Student Transportation of America Holdings, Inc. | Student Transportation of America Holdings, Inc. | Student Transportation of America Holdings, Inc. |
|  (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) | (3 mo. USD Term SOFR + 2.750%) |
|  | 651858 | 6.402 | 06/24/32 | 654504 |
|  |  |  |  | 2248545 |
| **TOTAL BANK LOANS**<br> **(Cost $608,313,842)** | **TOTAL BANK LOANS**<br> **(Cost $608,313,842)** | **TOTAL BANK LOANS**<br> **(Cost $608,313,842)** | **TOTAL BANK LOANS**<br> **(Cost $608,313,842)** | $597277127 |
| **Sovereign Debt Obligations – 2.5%** | **Sovereign Debt Obligations – 2.5%** | **Sovereign Debt Obligations – 2.5%** | **Sovereign Debt Obligations – 2.5%** | **Sovereign Debt Obligations – 2.5%** |
|  **Egyptian Pound – 0.2%** | **Egyptian Pound – 0.2%** | **Egyptian Pound – 0.2%** | **Egyptian Pound – 0.2%** | **Egyptian Pound – 0.2%** |
|  Egypt Government International Bonds | Egypt Government International Bonds | Egypt Government International Bonds | Egypt Government International Bonds | Egypt Government International Bonds |
|  $ | 2112000 | 8.500% | 01/31/47 | $2040562 |
|  Egypt Treasury Bills<sup>(h)</sup>  | Egypt Treasury Bills<sup>(h)</sup>  | Egypt Treasury Bills<sup>(h)</sup>  | Egypt Treasury Bills<sup>(h)</sup>  | Egypt Treasury Bills<sup>(h)</sup>  |
|  EGP | 25225000 | 26.400 | 03/10/26 | 523323 |
|  | 15150000 | 24.100 | 07/21/26 | 290171 |
|  | 15150000 | 24.100 | 07/28/26 | 288701 |
|  | 5775000 | 25.879 | 09/01/26 | 107867 |
|  | 22425000 | 25.880 | 09/08/26 | 417142 |
|  | 29950000 | 0.000 | 01/26/27 | 517010 |
|  |  |  |  | 4184776 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
|  **Euro – 0.3%** | **Euro – 0.3%** | **Euro – 0.3%** | **Euro – 0.3%** | **Euro – 0.3%** |
|  Ivory Coast Government International Bonds | Ivory Coast Government International Bonds | Ivory Coast Government International Bonds | Ivory Coast Government International Bonds | Ivory Coast Government International Bonds |
|  EUR | 830000 | 5.875% | 10/17/31 | $1007821 |
|  Mexico Government International Bonds<sup>(a)</sup>  | Mexico Government International Bonds<sup>(a)</sup>  | Mexico Government International Bonds<sup>(a)</sup>  | Mexico Government International Bonds<sup>(a)</sup>  | Mexico Government International Bonds<sup>(a)</sup>  |
|  | 880000 | 3.875 | 05/16/31 | 1042238 |
|  Republic of Uzbekistan International Bonds | Republic of Uzbekistan International Bonds | Republic of Uzbekistan International Bonds | Republic of Uzbekistan International Bonds | Republic of Uzbekistan International Bonds |
|  | 385000 | 5.100 | 02/25/29 | 471743 |
|  Romania Government International Bonds | Romania Government International Bonds | Romania Government International Bonds | Romania Government International Bonds | Romania Government International Bonds |
|  | 445000 | 5.625 | 05/30/37 | 531437 |
|  Senegal Government International Bonds | Senegal Government International Bonds | Senegal Government International Bonds | Senegal Government International Bonds | Senegal Government International Bonds |
|  | 2223000 | 4.750 | 03/13/28 | 1938409 |
|  |  |  |  | 4991648 |
|  **Nigerian Naira – 0.1%** | **Nigerian Naira – 0.1%** | **Nigerian Naira – 0.1%** | **Nigerian Naira – 0.1%** | **Nigerian Naira – 0.1%** |
|  Nigeria Government Bonds | Nigeria Government Bonds | Nigeria Government Bonds | Nigeria Government Bonds | Nigeria Government Bonds |
|  NGN | 1029472000 | 18.500 | 02/21/31 | 784524 |
|  **Turkish Lira – 0.0%** | **Turkish Lira – 0.0%** | **Turkish Lira – 0.0%** | **Turkish Lira – 0.0%** | **Turkish Lira – 0.0%** |
|  Turkiye Government Bonds | Turkiye Government Bonds | Turkiye Government Bonds | Turkiye Government Bonds | Turkiye Government Bonds |
|  TRY | 12477295 | 30.000 | 09/12/29 | 283405 |
|  | 12857249 | 27.700 | 09/27/34 | 294179 |
|  |  |  |  | 577584 |
|  **United States Dollar – 1.9%** | **United States Dollar – 1.9%** | **United States Dollar – 1.9%** | **United States Dollar – 1.9%** | **United States Dollar – 1.9%** |
|  Argentina Republic Government International Bonds<sup>(a)(k)</sup>  | Argentina Republic Government International Bonds<sup>(a)(k)</sup>  | Argentina Republic Government International Bonds<sup>(a)(k)</sup>  | Argentina Republic Government International Bonds<sup>(a)(k)</sup>  | Argentina Republic Government International Bonds<sup>(a)(k)</sup>  |
|  $ | 698973 | 0.750 | 07/09/30 | 592729 |
|  | 2625504 | 4.125 | 07/09/35 | 2037391 |
|  | 920000 | 3.500 | 07/09/41 | 667000 |
|  Bahamas Government International Bonds | Bahamas Government International Bonds | Bahamas Government International Bonds | Bahamas Government International Bonds | Bahamas Government International Bonds |
|  | 700000 | 8.250 | 06/24/36 | 783230 |
|  Bahrain Government International Bonds | Bahrain Government International Bonds | Bahrain Government International Bonds | Bahrain Government International Bonds | Bahrain Government International Bonds |
|  | 266000 | 5.250 | 01/25/33 | 247912 |
|  | 268000 | 5.625 | 05/18/34 | 250162 |
|  Bermuda Government International Bonds<sup>(a)</sup>  | Bermuda Government International Bonds<sup>(a)</sup>  | Bermuda Government International Bonds<sup>(a)</sup>  | Bermuda Government International Bonds<sup>(a)</sup>  | Bermuda Government International Bonds<sup>(a)</sup>  |
|  | 980000 | 5.000 | 07/15/32 | 986615 |
|  Brazil Government International Bonds | Brazil Government International Bonds | Brazil Government International Bonds | Brazil Government International Bonds | Brazil Government International Bonds |
|  | 1050000 | 7.125 | 05/13/54 | 1047900 |
|  Chile Government International Bonds<sup>(a)</sup>  | Chile Government International Bonds<sup>(a)</sup>  | Chile Government International Bonds<sup>(a)</sup>  | Chile Government International Bonds<sup>(a)</sup>  | Chile Government International Bonds<sup>(a)</sup>  |
|  | 514000 | 5.650 | 01/13/37 | 542594 |
|  | 853000 | 4.340 | 03/07/42 | 759170 |
|  Colombia Government International Bonds<sup>(a)</sup>  | Colombia Government International Bonds<sup>(a)</sup>  | Colombia Government International Bonds<sup>(a)</sup>  | Colombia Government International Bonds<sup>(a)</sup>  | Colombia Government International Bonds<sup>(a)</sup>  |
|  | 569000 | 6.500 | 01/21/33 | 565301 |
|  | 700000 | 8.500 | 04/25/35 | 771400 |
|  | 792000 | 8.375 | 11/07/54 | 837144 |
|  Costa Rica Government International Bonds | Costa Rica Government International Bonds | Costa Rica Government International Bonds | Costa Rica Government International Bonds | Costa Rica Government International Bonds |
|  | 250000 | 6.125 | 02/19/31 | 261250 |
|  | 250000 | 6.550 <sup>(a)</sup> | 04/03/34 | 270500 |
|  | 200000 | 7.000 | 04/04/44 | 217863 |
|  | 202000 | 7.158 | 03/12/45 | 221465 |
|  Dominican Republic International Bonds | Dominican Republic International Bonds | Dominican Republic International Bonds | Dominican Republic International Bonds | Dominican Republic International Bonds |
|  | 1387000 | 5.875 <sup>(a)</sup> | 10/28/35 | 1384226 |
|  | 740000 | 6.950 <sup>(a)</sup> | 03/15/37 | 791800 |
|  | 492000 | 6.850 | 01/27/45 | 511188 |
|  | 323000 | 5.875 | 01/30/60 | 287430 |
|  Ecuador Government International Bonds | Ecuador Government International Bonds | Ecuador Government International Bonds | Ecuador Government International Bonds | Ecuador Government International Bonds |
|  | 403000 | 8.750 <sup>(b)</sup> | 01/29/34 | 407223 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **United States Dollar – (continued)** | **United States Dollar – (continued)** | **United States Dollar – (continued)** | **United States Dollar – (continued)** |
| Ecuador Government International Bonds – (continued) | Ecuador Government International Bonds – (continued) | Ecuador Government International Bonds – (continued) | Ecuador Government International Bonds – (continued) |
| 112988 | 6.900 %<sup>(k)</sup> | 07/31/35 | $103384 |
| 280000 | 9.250 <sup>(b)</sup> | 01/29/39 | 287700 |
| 1095000 | 5.000 <sup>(k)</sup> | 07/31/40 | 904470 |
| El Salvador Government International Bonds<sup>(a)</sup>  | El Salvador Government International Bonds<sup>(a)</sup>  | El Salvador Government International Bonds<sup>(a)</sup>  | El Salvador Government International Bonds<sup>(a)</sup>  |
| 150000 | 9.500 | 07/15/52 | 170426 |
| 460000 | 9.650 | 11/21/54 | 524947 |
| Guatemala Government Bonds<sup>(a)</sup>  | Guatemala Government Bonds<sup>(a)</sup>  | Guatemala Government Bonds<sup>(a)</sup>  | Guatemala Government Bonds<sup>(a)</sup>  |
| 243000 | 6.600 | 06/13/36 | 260010 |
| Hungary Government International Bonds | Hungary Government International Bonds | Hungary Government International Bonds | Hungary Government International Bonds |
| 465000 | 6.750 | 09/25/52 | 493133 |
| Ivory Coast Government International Bonds | Ivory Coast Government International Bonds | Ivory Coast Government International Bonds | Ivory Coast Government International Bonds |
| 1440000 | 8.250 | 01/30/37 | 1547654 |
| Mexico Government International Bonds<sup>(a)</sup>  | Mexico Government International Bonds<sup>(a)</sup>  | Mexico Government International Bonds<sup>(a)</sup>  | Mexico Government International Bonds<sup>(a)</sup>  |
| 788000 | 5.625 | 02/09/34 | 786424 |
| Nigeria Government International Bonds<sup>(b)</sup>  | Nigeria Government International Bonds<sup>(b)</sup>  | Nigeria Government International Bonds<sup>(b)</sup>  | Nigeria Government International Bonds<sup>(b)</sup>  |
| 467000 | 8.631 | 01/13/36 | 498961 |
| 467000 | 9.130 | 01/13/46 | 500857 |
| Paraguay Government International Bonds<sup>(a)</sup>  | Paraguay Government International Bonds<sup>(a)</sup>  | Paraguay Government International Bonds<sup>(a)</sup>  | Paraguay Government International Bonds<sup>(a)</sup>  |
| 1435000 | 5.850 | 08/21/33 | 1501010 |
| Peru Government International Bonds<sup>(a)</sup>  | Peru Government International Bonds<sup>(a)</sup>  | Peru Government International Bonds<sup>(a)</sup>  | Peru Government International Bonds<sup>(a)</sup>  |
| 735000 | 5.375 | 02/08/35 | 748230 |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds |
| 2230000 | 6.300 | 06/22/48 | 1999195 |
| 1025000 | 7.300 | 04/20/52 | 1011675 |
| 990000 | 7.950 <sup>(b)</sup> | 11/19/54 | 1037832 |
| Republic of Uzbekistan International Bonds | Republic of Uzbekistan International Bonds | Republic of Uzbekistan International Bonds | Republic of Uzbekistan International Bonds |
| 455000 | 7.850 | 10/12/28 | 487137 |
| 200000 | 5.375 | 02/20/29 | 201026 |
| 540000 | 3.700 | 11/25/30 | 503634 |
| Romania Government International Bonds | Romania Government International Bonds | Romania Government International Bonds | Romania Government International Bonds |
| 1794000 | 6.000 | 05/25/34 | 1825395 |
| 524000 | 5.750 | 03/24/35 | 520070 |
| Saudi Government International Bonds | Saudi Government International Bonds | Saudi Government International Bonds | Saudi Government International Bonds |
| 1150000 | 4.500 | 10/26/46 | 968300 |
| 1250000 | 5.750 | 01/16/54 | 1212500 |
| Senegal Government International Bonds | Senegal Government International Bonds | Senegal Government International Bonds | Senegal Government International Bonds |
| 1450000 | 6.250 | 05/23/33 | 833467 |
| 750000 | 6.750 | 03/13/48 | 400313 |
| Trinidad & Tobago Government International Bonds<sup>(a)(b)</sup>  | Trinidad & Tobago Government International Bonds<sup>(a)(b)</sup>  | Trinidad & Tobago Government International Bonds<sup>(a)(b)</sup>  | Trinidad & Tobago Government International Bonds<sup>(a)(b)</sup>  |
| 1196000 | 6.500 | 01/28/36 | 1190642 |
| Turkiye Government International Bonds | Turkiye Government International Bonds | Turkiye Government International Bonds | Turkiye Government International Bonds |
| 435000 | 7.125 | 02/12/32 | 454358 |
| 955000 | 7.250 | 05/29/32 | 1000964 |
| Ukraine Government International Bonds<sup>(k)</sup>  | Ukraine Government International Bonds<sup>(k)</sup>  | Ukraine Government International Bonds<sup>(k)</sup>  | Ukraine Government International Bonds<sup>(k)</sup>  |
| 283473 | 4.500 | 02/01/29 | 219975 |
| 1235000 | 0.000 | 02/01/34 | 602062 |
| 225000 | 4.500 | 02/01/35 | 138600 |
| 230000 | 4.500 | 02/01/36 | 139610 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **United States Dollar – (continued)** | **United States Dollar – (continued)** | **United States Dollar – (continued)** | **United States Dollar – (continued)** |
| Zambia Government International Bonds | Zambia Government International Bonds | Zambia Government International Bonds | Zambia Government International Bonds |
| 1648741 | 0.500% | 12/31/53 | $1183796 |
|  |  |  | 38699250 |
| **TOTAL SOVEREIGN DEBT OBLIGATIONS**<br> **(Cost $48,622,492)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS**<br> **(Cost $48,622,492)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS**<br> **(Cost $48,622,492)** | $49237782 |
| **Asset-Backed Securities<sup>(a)(b</sup><sup>)(c)</sup> – 1.9%** | **Asset-Backed Securities<sup>(a)(b</sup><sup>)(c)</sup> – 1.9%** | **Asset-Backed Securities<sup>(a)(b</sup><sup>)(c)</sup> – 1.9%** | **Asset-Backed Securities<sup>(a)(b</sup><sup>)(c)</sup> – 1.9%** |
| **Collateralized Loan Obligations – 1.9%** | **Collateralized Loan Obligations – 1.9%** | **Collateralized Loan Obligations – 1.9%** | **Collateralized Loan Obligations – 1.9%** |
| AIMCO CLO 14 Ltd. Series 2021-14A, Class E1R (3 mo. USD Term SOFR + 4.800%) | AIMCO CLO 14 Ltd. Series 2021-14A, Class E1R (3 mo. USD Term SOFR + 4.800%) | AIMCO CLO 14 Ltd. Series 2021-14A, Class E1R (3 mo. USD Term SOFR + 4.800%) | AIMCO CLO 14 Ltd. Series 2021-14A, Class E1R (3 mo. USD Term SOFR + 4.800%) |
| 250000 | 8.468% | 10/20/38 | $252554 |
| AIMCO CLO 28 Ltd. Series 2025-28A, Class E (3 mo. USD Term SOFR + 4.600%) | AIMCO CLO 28 Ltd. Series 2025-28A, Class E (3 mo. USD Term SOFR + 4.600%) | AIMCO CLO 28 Ltd. Series 2025-28A, Class E (3 mo. USD Term SOFR + 4.600%) | AIMCO CLO 28 Ltd. Series 2025-28A, Class E (3 mo. USD Term SOFR + 4.600%) |
| 250000 | 8.347 | 01/16/39 | 251756 |
| Barings Loan Partners CLO Ltd. 5 Series LP-5A, Class A (3 mo. USD Term SOFR + 1.220%) | Barings Loan Partners CLO Ltd. 5 Series LP-5A, Class A (3 mo. USD Term SOFR + 1.220%) | Barings Loan Partners CLO Ltd. 5 Series LP-5A, Class A (3 mo. USD Term SOFR + 1.220%) | Barings Loan Partners CLO Ltd. 5 Series LP-5A, Class A (3 mo. USD Term SOFR + 1.220%) |
| 7000000 | 4.888 | 01/20/35 | 7012313 |
| Benefit Street Partners CLO XXI Ltd. Series 2020-21A, Class ER2 (3 mo. USD Term SOFR + 4.950%) | Benefit Street Partners CLO XXI Ltd. Series 2020-21A, Class ER2 (3 mo. USD Term SOFR + 4.950%) | Benefit Street Partners CLO XXI Ltd. Series 2020-21A, Class ER2 (3 mo. USD Term SOFR + 4.950%) | Benefit Street Partners CLO XXI Ltd. Series 2020-21A, Class ER2 (3 mo. USD Term SOFR + 4.950%) |
| 250000 | 8.622 | 01/15/39 | 253306 |
| Benefit Street Partners CLO XXXIII Ltd. Series 2023-33A, Class E (3 mo. USD Term SOFR + 6.980%) | Benefit Street Partners CLO XXXIII Ltd. Series 2023-33A, Class E (3 mo. USD Term SOFR + 6.980%) | Benefit Street Partners CLO XXXIII Ltd. Series 2023-33A, Class E (3 mo. USD Term SOFR + 6.980%) | Benefit Street Partners CLO XXXIII Ltd. Series 2023-33A, Class E (3 mo. USD Term SOFR + 6.980%) |
| 250000 | 10.648 | 01/25/36 | 250000 |
| Carlyle U.S. CLO Ltd. Series 2021-4A, Class E (3 mo. USD Term SOFR + 6.862%) | Carlyle U.S. CLO Ltd. Series 2021-4A, Class E (3 mo. USD Term SOFR + 6.862%) | Carlyle U.S. CLO Ltd. Series 2021-4A, Class E (3 mo. USD Term SOFR + 6.862%) | Carlyle U.S. CLO Ltd. Series 2021-4A, Class E (3 mo. USD Term SOFR + 6.862%) |
| 250000 | 10.529 | 04/20/34 | 251343 |
| Carlyle U.S. CLO Ltd. Series 2025-5A, Class E (3 mo. USD Term SOFR + 4.950%) | Carlyle U.S. CLO Ltd. Series 2025-5A, Class E (3 mo. USD Term SOFR + 4.950%) | Carlyle U.S. CLO Ltd. Series 2025-5A, Class E (3 mo. USD Term SOFR + 4.950%) | Carlyle U.S. CLO Ltd. Series 2025-5A, Class E (3 mo. USD Term SOFR + 4.950%) |
| 250000 | 8.600 | 01/15/39 | 253423 |
| CIFC Funding Ltd. Series 2021-3A, Class ER (3 mo. USD Term SOFR + 4.850%) | CIFC Funding Ltd. Series 2021-3A, Class ER (3 mo. USD Term SOFR + 4.850%) | CIFC Funding Ltd. Series 2021-3A, Class ER (3 mo. USD Term SOFR + 4.850%) | CIFC Funding Ltd. Series 2021-3A, Class ER (3 mo. USD Term SOFR + 4.850%) |
| 250000 | 8.522 | 10/15/38 | 252562 |
| CIFC Funding Ltd. Series 2023-1A, Class ER (3 mo. USD Term SOFR + 4.700%) | CIFC Funding Ltd. Series 2023-1A, Class ER (3 mo. USD Term SOFR + 4.700%) | CIFC Funding Ltd. Series 2023-1A, Class ER (3 mo. USD Term SOFR + 4.700%) | CIFC Funding Ltd. Series 2023-1A, Class ER (3 mo. USD Term SOFR + 4.700%) |
| 250000 | 8.372 | 10/15/38 | 252760 |
| CIFC Funding Ltd. Series 2021-2A, Class A1R (3 mo. USD Term SOFR + 1.200%) | CIFC Funding Ltd. Series 2021-2A, Class A1R (3 mo. USD Term SOFR + 1.200%) | CIFC Funding Ltd. Series 2021-2A, Class A1R (3 mo. USD Term SOFR + 1.200%) | CIFC Funding Ltd. Series 2021-2A, Class A1R (3 mo. USD Term SOFR + 1.200%) |
| 14000000 | 4.872 | 01/15/39 | 14043344 |
| CIFC Funding Ltd. Series 2025-8A, Class E (3 mo. USD Term SOFR + 4.750%) | CIFC Funding Ltd. Series 2025-8A, Class E (3 mo. USD Term SOFR + 4.750%) | CIFC Funding Ltd. Series 2025-8A, Class E (3 mo. USD Term SOFR + 4.750%) | CIFC Funding Ltd. Series 2025-8A, Class E (3 mo. USD Term SOFR + 4.750%) |
| 250000 | 8.421 | 01/24/39 | 252259 |
| Elmwood CLO 46 Ltd. Series 2025-9A, Class E (3 mo. USD Term SOFR + 5.000%) | Elmwood CLO 46 Ltd. Series 2025-9A, Class E (3 mo. USD Term SOFR + 5.000%) | Elmwood CLO 46 Ltd. Series 2025-9A, Class E (3 mo. USD Term SOFR + 5.000%) | Elmwood CLO 46 Ltd. Series 2025-9A, Class E (3 mo. USD Term SOFR + 5.000%) |
| 250000 | 8.683 | 01/17/39 | 253821 |
| GoldenTree Loan Management Eur CLO 7 DAC Series 7A, Class ER (-1X 3 mo. EUR EURIBOR + 4.500%) | GoldenTree Loan Management Eur CLO 7 DAC Series 7A, Class ER (-1X 3 mo. EUR EURIBOR + 4.500%) | GoldenTree Loan Management Eur CLO 7 DAC Series 7A, Class ER (-1X 3 mo. EUR EURIBOR + 4.500%) | GoldenTree Loan Management Eur CLO 7 DAC Series 7A, Class ER (-1X 3 mo. EUR EURIBOR + 4.500%) |
| 250000 | 0.000 | 07/20/37 | 296337 |
| KKR CLO 59 Ltd. Series 2025-59A, Class E (3 mo. USD Term SOFR + 5.350%) | KKR CLO 59 Ltd. Series 2025-59A, Class E (3 mo. USD Term SOFR + 5.350%) | KKR CLO 59 Ltd. Series 2025-59A, Class E (3 mo. USD Term SOFR + 5.350%) | KKR CLO 59 Ltd. Series 2025-59A, Class E (3 mo. USD Term SOFR + 5.350%) |
| 250000 | 9.029 | 01/15/39 | 253378 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset-Backed Securities<sup>(a)(b)(c)</sup> – (continued)** | **Asset-Backed Securities<sup>(a)(b)(c)</sup> – (continued)** | **Asset-Backed Securities<sup>(a)(b)(c)</sup> – (continued)** | **Asset-Backed Securities<sup>(a)(b)(c)</sup> – (continued)** | **Asset-Backed Securities<sup>(a)(b)(c)</sup> – (continued)** |
|  **Collateralized Loan Obligations – (continued)** | **Collateralized Loan Obligations – (continued)** | **Collateralized Loan Obligations – (continued)** | **Collateralized Loan Obligations – (continued)** | **Collateralized Loan Obligations – (continued)** |
|  Lighthouse Park CLO Ltd. Series 2025-1A, Class E (3 mo. USD Term SOFR + 4.650%) | Lighthouse Park CLO Ltd. Series 2025-1A, Class E (3 mo. USD Term SOFR + 4.650%) | Lighthouse Park CLO Ltd. Series 2025-1A, Class E (3 mo. USD Term SOFR + 4.650%) | Lighthouse Park CLO Ltd. Series 2025-1A, Class E (3 mo. USD Term SOFR + 4.650%) | Lighthouse Park CLO Ltd. Series 2025-1A, Class E (3 mo. USD Term SOFR + 4.650%) |
|  $ | 250000 | 8.571% | 10/24/37 | $250394 |
|  Madison Park Funding LXXV Ltd. Series 2025-75A, Class E (3 mo. USD Term SOFR + 5.100%) | Madison Park Funding LXXV Ltd. Series 2025-75A, Class E (3 mo. USD Term SOFR + 5.100%) | Madison Park Funding LXXV Ltd. Series 2025-75A, Class E (3 mo. USD Term SOFR + 5.100%) | Madison Park Funding LXXV Ltd. Series 2025-75A, Class E (3 mo. USD Term SOFR + 5.100%) | Madison Park Funding LXXV Ltd. Series 2025-75A, Class E (3 mo. USD Term SOFR + 5.100%) |
|  | 250000 | 8.762 | 01/17/39 | 251736 |
|  Magnetite XXVII Ltd. Series 2020-27A, Class ERR (3 mo. USD Term SOFR + 4.750%) | Magnetite XXVII Ltd. Series 2020-27A, Class ERR (3 mo. USD Term SOFR + 4.750%) | Magnetite XXVII Ltd. Series 2020-27A, Class ERR (3 mo. USD Term SOFR + 4.750%) | Magnetite XXVII Ltd. Series 2020-27A, Class ERR (3 mo. USD Term SOFR + 4.750%) | Magnetite XXVII Ltd. Series 2020-27A, Class ERR (3 mo. USD Term SOFR + 4.750%) |
|  | 250000 | 8.418 | 10/20/38 | 252912 |
|  Magnetite XXXVII Ltd. Series 2023-37A, Class ER (3 mo. USD Term SOFR + 4.700%) | Magnetite XXXVII Ltd. Series 2023-37A, Class ER (3 mo. USD Term SOFR + 4.700%) | Magnetite XXXVII Ltd. Series 2023-37A, Class ER (3 mo. USD Term SOFR + 4.700%) | Magnetite XXXVII Ltd. Series 2023-37A, Class ER (3 mo. USD Term SOFR + 4.700%) | Magnetite XXXVII Ltd. Series 2023-37A, Class ER (3 mo. USD Term SOFR + 4.700%) |
|  | 250000 | 8.368 | 10/25/38 | 253452 |
|  OHA Credit Funding 16-R Ltd. Series 2023-16RA, Class E (3 mo. USD Term SOFR + 4.600%) | OHA Credit Funding 16-R Ltd. Series 2023-16RA, Class E (3 mo. USD Term SOFR + 4.600%) | OHA Credit Funding 16-R Ltd. Series 2023-16RA, Class E (3 mo. USD Term SOFR + 4.600%) | OHA Credit Funding 16-R Ltd. Series 2023-16RA, Class E (3 mo. USD Term SOFR + 4.600%) | OHA Credit Funding 16-R Ltd. Series 2023-16RA, Class E (3 mo. USD Term SOFR + 4.600%) |
|  | 250000 | 8.268 | 10/20/38 | 251783 |
|  OHA Credit Funding 17 Ltd. Series 2024-17A, Class D1 (3 mo. USD Term SOFR + 3.300%) | OHA Credit Funding 17 Ltd. Series 2024-17A, Class D1 (3 mo. USD Term SOFR + 3.300%) | OHA Credit Funding 17 Ltd. Series 2024-17A, Class D1 (3 mo. USD Term SOFR + 3.300%) | OHA Credit Funding 17 Ltd. Series 2024-17A, Class D1 (3 mo. USD Term SOFR + 3.300%) | OHA Credit Funding 17 Ltd. Series 2024-17A, Class D1 (3 mo. USD Term SOFR + 3.300%) |
|  | 250000 | 6.968 | 04/20/37 | 250109 |
|  Palmer Square European CLO DAC Series 2026-1A, Class E (-1X 3 mo. EUR EURIBOR + 4.600%) | Palmer Square European CLO DAC Series 2026-1A, Class E (-1X 3 mo. EUR EURIBOR + 4.600%) | Palmer Square European CLO DAC Series 2026-1A, Class E (-1X 3 mo. EUR EURIBOR + 4.600%) | Palmer Square European CLO DAC Series 2026-1A, Class E (-1X 3 mo. EUR EURIBOR + 4.600%) | Palmer Square European CLO DAC Series 2026-1A, Class E (-1X 3 mo. EUR EURIBOR + 4.600%) |
|  EUR | 250000 | 0.000 | 04/15/39 | 296337 |
|  Penta CLO 21 DAC Series 2025-21A, Class E (3 mo. EUR EURIBOR + 5.300%) | Penta CLO 21 DAC Series 2025-21A, Class E (3 mo. EUR EURIBOR + 5.300%) | Penta CLO 21 DAC Series 2025-21A, Class E (3 mo. EUR EURIBOR + 5.300%) | Penta CLO 21 DAC Series 2025-21A, Class E (3 mo. EUR EURIBOR + 5.300%) | Penta CLO 21 DAC Series 2025-21A, Class E (3 mo. EUR EURIBOR + 5.300%) |
|  | 250000 | 7.362 | 02/16/39 | 297693 |
|  RR 18 Ltd. Series 2021-18A, Class DR (3 mo. USD Term SOFR + 4.900%) | RR 18 Ltd. Series 2021-18A, Class DR (3 mo. USD Term SOFR + 4.900%) | RR 18 Ltd. Series 2021-18A, Class DR (3 mo. USD Term SOFR + 4.900%) | RR 18 Ltd. Series 2021-18A, Class DR (3 mo. USD Term SOFR + 4.900%) | RR 18 Ltd. Series 2021-18A, Class DR (3 mo. USD Term SOFR + 4.900%) |
|  $ | 250000 | 8.572 | 07/15/40 | 252869 |
|  RR 42 Ltd. Series 2025-42A, Class DR (3 mo. USD Term SOFR + 5.100%) | RR 42 Ltd. Series 2025-42A, Class DR (3 mo. USD Term SOFR + 5.100%) | RR 42 Ltd. Series 2025-42A, Class DR (3 mo. USD Term SOFR + 5.100%) | RR 42 Ltd. Series 2025-42A, Class DR (3 mo. USD Term SOFR + 5.100%) | RR 42 Ltd. Series 2025-42A, Class DR (3 mo. USD Term SOFR + 5.100%) |
|  | 460000 | 8.772 | 10/15/40 | 463324 |
|  Sixth Street CLO 31 Ltd. Series 2025-31A, Class E (3 mo. USD Term SOFR + 4.700%) | Sixth Street CLO 31 Ltd. Series 2025-31A, Class E (3 mo. USD Term SOFR + 4.700%) | Sixth Street CLO 31 Ltd. Series 2025-31A, Class E (3 mo. USD Term SOFR + 4.700%) | Sixth Street CLO 31 Ltd. Series 2025-31A, Class E (3 mo. USD Term SOFR + 4.700%) | Sixth Street CLO 31 Ltd. Series 2025-31A, Class E (3 mo. USD Term SOFR + 4.700%) |
|  | 250000 | 8.374 | 01/17/39 | 251640 |
|  Trestles CLO VI Ltd. Series 2023-6A, Class A1R (3 mo. USD Term SOFR + 1.180%) | Trestles CLO VI Ltd. Series 2023-6A, Class A1R (3 mo. USD Term SOFR + 1.180%) | Trestles CLO VI Ltd. Series 2023-6A, Class A1R (3 mo. USD Term SOFR + 1.180%) | Trestles CLO VI Ltd. Series 2023-6A, Class A1R (3 mo. USD Term SOFR + 1.180%) | Trestles CLO VI Ltd. Series 2023-6A, Class A1R (3 mo. USD Term SOFR + 1.180%) |
|  | 10500000 | 4.848 | 04/25/38 | 10506289 |
|  Trimaran CAVU Ltd. Series 2025-3A, Class E (3 mo. USD Term SOFR + 5.750%) | Trimaran CAVU Ltd. Series 2025-3A, Class E (3 mo. USD Term SOFR + 5.750%) | Trimaran CAVU Ltd. Series 2025-3A, Class E (3 mo. USD Term SOFR + 5.750%) | Trimaran CAVU Ltd. Series 2025-3A, Class E (3 mo. USD Term SOFR + 5.750%) | Trimaran CAVU Ltd. Series 2025-3A, Class E (3 mo. USD Term SOFR + 5.750%) |
|  | 250000 | 9.323 | 01/22/39 | 250604 |
|  Voya CLO Ltd. Series 2022-3A, Class ER2 (3 mo. USD Term SOFR + 4.750%) | Voya CLO Ltd. Series 2022-3A, Class ER2 (3 mo. USD Term SOFR + 4.750%) | Voya CLO Ltd. Series 2022-3A, Class ER2 (3 mo. USD Term SOFR + 4.750%) | Voya CLO Ltd. Series 2022-3A, Class ER2 (3 mo. USD Term SOFR + 4.750%) | Voya CLO Ltd. Series 2022-3A, Class ER2 (3 mo. USD Term SOFR + 4.750%) |
|  | 271000 | 8.418 | 10/20/36 | 271370 |
|  |  |  |  | 38229668 |
|  **TOTAL ASSET-BACKED SECURITIES**<br> **(Cost $38,082,970)** | **TOTAL ASSET-BACKED SECURITIES**<br> **(Cost $38,082,970)** | **TOTAL ASSET-BACKED SECURITIES**<br> **(Cost $38,082,970)** | **TOTAL ASSET-BACKED SECURITIES**<br> **(Cost $38,082,970)** | $38229668 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 0.3%** | **Common Stocks – 0.3%** | **Common Stocks – 0.3%** |
| **Chemicals<sup>(e)(f)</sup> – 0.1%** | **Chemicals<sup>(e)(f)</sup> – 0.1%** | **Chemicals<sup>(e)(f)</sup> – 0.1%** |
| 80232 | Cornerstone Chemical Reorg Equity | $1470652 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Diversified Consumer Services<sup>(f)</sup> – 0.0%** | **Diversified Consumer Services<sup>(f)</sup> – 0.0%** |  |
| 7679 | Premier Brands Group Holding | $11042 |
| **Diversified Telecommunication Services – 0.0%** | **Diversified Telecommunication Services – 0.0%** |  |
| 14518 | Uniti Group, Inc. | 120790 |
| **Energy Equipment & Services<sup>(f)</sup> – 0.1%** | **Energy Equipment & Services<sup>(f)</sup> – 0.1%** |  |
| 73839 | Enviva, Inc. | 1052206 |
| **Financial Services<sup>(e)(f)</sup> – 0.0%** | **Financial Services<sup>(e)(f)</sup> – 0.0%** |  |
| 31117 | Ardagh Holdings SA | 217819 |
| 240 | Voyager Aviation Holdings LLC |  |
|  |  | 217819 |
| **Health Care Equipment & Supplies<sup>(f)</sup> – 0.0%** | **Health Care Equipment & Supplies<sup>(f)</sup> – 0.0%** |  |
| 47389 | Envision Parent, Inc. | 710835 |
| **Health Care Providers & Services<sup>(f)</sup> – 0.0%** | **Health Care Providers & Services<sup>(f)</sup> – 0.0%** |  |
| 4117 | Air Methods Corp. | 387855 |
| 6972 | Lifescan Global Corp. | 123753 |
|  |  | 511608 |
| **Media<sup>(f)</sup> – 0.0%** | **Media<sup>(f)</sup> – 0.0%** |  |
| 2505 | Audacy Capital LLC Class A | 9394 |
| 1128 | Beasley Broadcast Group, Inc. Class A | 5651 |
|  |  | 15045 |
| **Metals & Mining<sup>(e)(f)</sup> – 0.0%** | **Metals & Mining<sup>(e)(f)</sup> – 0.0%** |  |
| 627 | Arctic Canadian Diamond Co. Ltd. | 12180 |
| 1239530 | Burgundy Diamond Mines Ltd. | 14674 |
| 7732 | Tacora Restructure | 7732 |
|  |  | 34586 |
| **Passenger Airlines<sup>(f)</sup> – 0.0%** | **Passenger Airlines<sup>(f)</sup> – 0.0%** |  |
| 32972 | Spirit Aviation Holdings, Inc. | 9892 |
| **Pharmaceuticals<sup>(e)(f)</sup> – 0.0%** | **Pharmaceuticals<sup>(e)(f)</sup> – 0.0%** |  |
| 65267 | Lannett Co., Inc. | 776677 |
| **Professional Services<sup>(f)</sup> – 0.1%** | **Professional Services<sup>(f)</sup> – 0.1%** |  |
| 61506 | Avaya Holdings Corp. | 893375 |
| 865 | Skillsoft Corp. | 7828 |
|  |  | 901203 |
| **Real Estate Investment Trusts<sup>(f)</sup> – 0.0%** | **Real Estate Investment Trusts<sup>(f)</sup> – 0.0%** |  |
| 21767 | Luxco Co. Ltd. | 409676 |
| **Semiconductors & Semiconductor Equipment<sup>(f)</sup> – 0.0%** | **Semiconductors & Semiconductor Equipment<sup>(f)</sup> – 0.0%** | **Semiconductors & Semiconductor Equipment<sup>(f)</sup> – 0.0%** |
| 18377 | Bright Bidco BV | 6432 |
| **Software<sup>(e)(f)</sup> – 0.0%** | **Software<sup>(e)(f)</sup> – 0.0%** |  |
| 42 | Mavenir PLC |  |
| **Specialty Retail<sup>(e)(f)</sup> – 0.0%** | **Specialty Retail<sup>(e)(f)</sup> – 0.0%** |  |
| 7504 | GTRC Reorg Equity | 617129 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Specialty Retail<sup>(e)(f)</sup> – (continued)** | **Specialty Retail<sup>(e)(f)</sup> – (continued)** | **Specialty Retail<sup>(e)(f)</sup> – (continued)** |
| 343 | Rite Aid Corp.<sup>(g)</sup> | $— |
|  |  | 617129 |
| **Wireless Telecommunication Services<sup>(f)</sup> – 0.0%** | **Wireless Telecommunication Services<sup>(f)</sup> – 0.0%** | **Wireless Telecommunication Services<sup>(f)</sup> – 0.0%** |
| 5606 | IQOR US, Inc. | 8409 |
| 93 | Windstream Holdings II LLC<sup>(e)</sup> | 87989 |
| 2828 | Windstream Holdings, Inc.<sup>(e)</sup> | 18382 |
|  |  | 114780 |
| **TOTAL COMMON STOCKS**<br> **(Cost $7,178,024)** | **TOTAL COMMON STOCKS**<br> **(Cost $7,178,024)** | $6980372 |

---

---

| | | |
|:---|:---|:---|
| **Units** | **Expiration<br>Date** | **Value** |
| **Warrants<sup>(f)</sup> – 0.0%** | **Warrants<sup>(f)</sup> – 0.0%** | **Warrants<sup>(f)</sup> – 0.0%** |
|  Audacy, Inc.<sup>(e)</sup>  | Audacy, Inc.<sup>(e)</sup>  | Audacy, Inc.<sup>(e)</sup>  |
| 3036 | 12/31/99 | $30 |
|  Avation PLC | Avation PLC | Avation PLC |
| 20510 | 10/31/26 | 11226 |
|  Guitar Center, Inc.<sup>(e)</sup>  | Guitar Center, Inc.<sup>(e)</sup>  | Guitar Center, Inc.<sup>(e)</sup>  |
| 3972 | 12/31/99 | 81790 |
|  Spirit Aviation Holdings, Inc. | Spirit Aviation Holdings, Inc. | Spirit Aviation Holdings, Inc. |
| 3972 | 12/31/99 | 219 |
| **TOTAL WARRANTS**<br> **(Cost $207,713)** | **TOTAL WARRANTS**<br> **(Cost $207,713)** | $93265 |
| **Shares** | **Dividend<br>Rate** | **Value** |
| **Preferred Stocks<sup>(e)</sup> – 0.0%** | **Preferred Stocks<sup>(e)</sup> – 0.0%** | **Preferred Stocks<sup>(e)</sup> – 0.0%** |
|  **Financial Services – 0.0%** | **Financial Services – 0.0%** | **Financial Services – 0.0%** |
|  Voyager Aviation Holdings LLC | Voyager Aviation Holdings LLC | Voyager Aviation Holdings LLC |
| 1441 | 0.000% | $— |
|  **Specialty Retail – 0.0%** | **Specialty Retail – 0.0%** | **Specialty Retail – 0.0%** |
|  Guitar Center, Inc. | Guitar Center, Inc. | Guitar Center, Inc. |
| 103 | 0.000 | 4936 |
|  **TOTAL PREFERRED STOCKS**<br> **(Cost $84,145)** | **TOTAL PREFERRED STOCKS**<br> **(Cost $84,145)** | $4936 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Obligations – 1.2%** | **U.S. Treasury Obligations – 1.2%** | **U.S. Treasury Obligations – 1.2%** | **U.S. Treasury Obligations – 1.2%** | **U.S. Treasury Obligations – 1.2%** |
|  U.S. Treasury Bills<sup>(h)</sup> | U.S. Treasury Bills<sup>(h)</sup> | U.S. Treasury Bills<sup>(h)</sup> | U.S. Treasury Bills<sup>(h)</sup> | U.S. Treasury Bills<sup>(h)</sup> |
|  $ | 2000000 | 0.000% | 02/19/26 | $1996603 |
|  | 670000 | 0.000 | 02/19/26 | 668862 |
|  U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
|  | 4470000 | 4.625 | 03/15/26 | 4473317 |
|  | 6905000 | 0.875 | 06/30/26 | 6827319 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest<br>Rate** | **Maturity<br>Date** | |
| **U.S. Treasury Obligations – (continued)** | **U.S. Treasury Obligations – (continued)** | **U.S. Treasury Obligations – (continued)** | **U.S. Treasury Obligations – (continued)** | **Value** |
|  U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) |
|  $ | 9126000 | 3.750% | 06/30/27 | $9153449 |
| **TOTAL U.S. TREASURY OBLIGATIONS**<br> **(Cost $23,118,946)** | **TOTAL U.S. TREASURY OBLIGATIONS**<br> **(Cost $23,118,946)** | **TOTAL U.S. TREASURY OBLIGATIONS**<br> **(Cost $23,118,946)** | **TOTAL U.S. TREASURY OBLIGATIONS**<br> **(Cost $23,118,946)** | $23119550 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Exchange Traded Funds – 2.6%** | **Exchange Traded Funds – 2.6%** | **Exchange Traded Funds – 2.6%** |
| 640454 | iShares iBoxx $ High Yield Corporate Bond ETF | $51953629 |
| **(Cost $51,588,570)** | **(Cost $51,588,570)** | **(Cost $51,588,570)** |
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company<sup>(l)</sup> – 7.8%** | **Investment Company<sup>(l)</sup> – 7.8%** | **Investment Company<sup>(l)</sup> – 7.8%** |
|  Goldman Sachs Financial Square Government Fund — Institutional Shares | Goldman Sachs Financial Square Government Fund — Institutional Shares | Goldman Sachs Financial Square Government Fund — Institutional Shares |
| 156181812 | 3.590% | $156181812 |
| **(Cost $156,181,812)** | **(Cost $156,181,812)** | **(Cost $156,181,812)** |
| **TOTAL INVESTMENTS – 101.7%**<br> **(Cost $2,032,230,471)** | **TOTAL INVESTMENTS – 101.7%**<br> **(Cost $2,032,230,471)** | $2033406960 |
| **LIABILITIES IN EXCESS OF<br> OTHER ASSETS – (1.7)%** | **LIABILITIES IN EXCESS OF<br> OTHER ASSETS – (1.7)%** | (34563150) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $1998843810 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. Maturity dates disclosed are the final maturity dates. |
| (b) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (c) | Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on January 31, 2026. |
| (d) | Pay-in-kind securities. |
| (e) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e., Level 3. |
| (f) | Security is currently in default and/or non-income producing. |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

(g) Restricted securities are not registered under the Securities Act of 1933, as amended, and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the
public if the securities are subsequently registered. Disposal of these securities may involve time consuming negotiations and prompt sale at an acceptable price may be difficult. Total market value of Restricted securities amounts to $114, which
represents approximately 0.0% of the Fund's net assets as of January 31, 2026. See additional details below:

---

| | | |
|:---|:---|:---|
| **Restricted Security** | **Acquisition Date** | **Cost** |
|  Chesapeake Energy Corp. | 12/06/19 | $— |
|  Chesapeake Energy Corp. | 06/21/19 |  |
|  Neiman Marcus Group Ltd. LLC | 04/23/18 | 605000 |
|  Rite Aid Corp. | 09/04/24 | 3 |
|  Rite Aid Corp. | 09/04/24 | 21392 |

---

(h) Issued with a zero coupon. Income is recognized through the accretion of discount.

(i) Bank Loans often require prepayments from excess cash flows or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. As bank loan positions may involve multiple underlying tranches for which the aggregate position is presented, the stated interest rate represents the weighted average interest rate of all contracts on January 31, 2026. Bank Loans typically have rates of interest which are predetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the Secured Overnight Financing Rate ("SOFR"), and secondarily the prime rate offered by one or more major United States banks (the "Prime Rate") and the certificate of deposit ("CD") rate or other base lending rates used by commercial lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(j) This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

(k) Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on January 31, 2026.

(l) Represents an affiliated issuer.

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

**ADDITIONAL INVESTMENT INFORMATION** 

**UNFUNDED LOAN COMMITMENTS** — At January 31, 2026, the Fund had unfunded loan commitments which could be extended at the option of the borrowers, pursuant to the following loan agreements:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Principal<br>Amount** | **Current<br>Value** | **Unrealized<br>Gain (Loss)** |
|  Air Comm Corp. LLC due 12/11/31 | $46045 | $46045 | $— |
|  Archkey Solutions LLC due 11/01/31 | 102995 | 103735 | 1123 |
|  Chicago U.S. Midco III LP due 11/01/32 | 108621 | 108282 | (70) |
|  Databricks, Inc. due 01/03/31 | 108428 | 109241 | 601 |
|  Databricks, Inc. due 01/05/32 | 405000 | 407025 | 2025 |
|  Engineered Machinery Holdings, Inc. due 11/26/32 | 2909 | 2919 | 9 |
|  Kaman Corp. due 02/26/32 | 133372 | 133233 | (185) |
|  Pinnacle Buyer LLC due 10/01/32 | 346236 | 346236 | 71 |
|  Raven Acquisition Holdings LLC due 11/19/31 | 50234 | 49846 | (554) |
|  Student Transportation of America Holdings, Inc. due 06/24/32 | 45032 | 45215 | 183 |
|  USALCO LLC due 09/30/31 | 104690 | 104396 | (481) |
|  **TOTAL** | $1453562 | $1456173 | $2722 |

---

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** — At January 31, 2026, the Fund had the following forward foreign currency exchange contracts:

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Currency<br>Purchased** | **Currency<br>Purchased** | **Currency<br>Sold** | **Currency<br>Sold** | **Settlement<br>Date** | **Unrealized<br>Gain** |
|  Barclays Bank PLC | EUR | 454000 | USD | 535810 | 04/16/26 | $4320 |
|  | USD | 686277 | EUR | 572000 | 04/16/26 | 5760 |
|  Citibank NA | EUR | 245000 | USD | 289368 | 03/18/26 | 1713 |
|  | GBP | 2010000 | USD | 2718628 | 04/22/26 | 31425 |
|  | KZT | 1290010000 | USD | 2269945 | 02/27/26 | 270362 |
|  | NGN | 2127935117 | USD | 1265875 | 09/16/26 | 158605 |
|  | USD | 4621662 | EUR | 3850000 | 04/22/26 | 40112 |
|  HSBC Bank PLC | THB | 80199916 | USD | 2553780 | 03/18/26 | 3220 |
|  | TRY | 50000000 | USD | 1069488 | 03/18/26 | 40123 |
|  | TRY | 41897171 | USD | 852982 | 06/17/26 | 15726 |
|  MS & Co. Int. PLC | EUR | 1500000 | USD | 1765575 | 03/16/26 | 16361 |
|  | EUR | 269000 | USD | 316330 | 04/16/26 | 3703 |
|  Standard Chartered Bank | EUR | 442470 | USD | 523167 | 03/18/26 | 2526 |
|  | NGN | 1006025000 | USD | 596163 | 03/18/26 | 114056 |
|  | NGN | 1006025000 | USD | 572826 | 06/17/26 | 119155 |
|  | NGN | 2104374368 | USD | 1248887 | 09/16/26 | 159821 |
|  **TOTAL** |  |  |  |  |  | $986988 |

---

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Currency<br>Purchased** | **Currency<br>Purchased** | **Currency<br>Sold** | **Currency<br>Sold** | **Settlement<br>Date** | **Unrealized<br>Loss** |
|  Barclays Bank PLC | USD | 25283703 | EUR | 21532000 | 04/16/26 | $(333230) |
|  | USD | 3742353 | GBP | 2777000 | 04/16/26 | (57130) |
|  Citibank NA | USD | 69521963 | EUR | 59508824 | 04/22/26 | (1294316) |
|  | USD | 14274395 | GBP | 10643284 | 04/22/26 | (287588) |
|  | USD | 2236999 | KZT | 1290010000 | 02/27/26 | (303309) |
|  | USD | 1304705 | NGN | 2127935117 | 09/16/26 | (119774) |
|  | USD | 2525703 | THB | 80199916 | 03/18/26 | (31297) |
|  HSBC Bank PLC | EUR | 881725 | USD | 1051894 | 03/18/26 | (4327) |
|  | USD | 1118725 | EUR | 955717 | 03/18/26 | (16751) |
|  MS & Co. Int. PLC | EUR | 142000 | USD | 169701 | 04/16/26 | (762) |
|  | USD | 95556438 | EUR | 81093827 | 03/16/26 | (779570) |
|  | USD | 5771098 | EUR | 4917000 | 04/16/26 | (78730) |
|  | USD | 8734271 | GBP | 6537548 | 03/16/26 | (210844) |
|  Standard Chartered Bank | USD | 5598801 | EUR | 4792179 | 03/18/26 | (94727) |
|  | USD | 652416 | NGN | 1006025000 | 03/18/26 | (57803) |
|  | USD | 633517 | NGN | 1006025000 | 06/17/26 | (58464) |
|  | USD | 1283938 | NGN | 2104374368 | 09/16/26 | (124770) |
|  **TOTAL** |  |  |  |  |  | $(3853392) |

---

**FUTURES CONTRACTS** — At January 31, 2026, the Fund had the following futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration<br>Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Long position contracts:** | **Long position contracts:** | **Long position contracts:** |  |  |
|  5 Year German Euro-Bund | 97 | 03/06/26 | $14736846 | $47026 |

---

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

**ADDITIONAL INVESTMENT INFORMATION (continued)** 

**SWAP CONTRACTS** — At January 31, 2026, the Fund had the following swap contracts:

**OVER-THE-COUNTER CREDIT DEFAULT SWAP CONTRACTS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br>Obligation/Index** | **Financing Rate<br>Received/(Paid) by<br>the Fund<sup>(a)</sup>** | **Credit<br>Spread at<br>January 31,<br>2026<sup>(b)</sup>** | **Counterparty** | **Termination<br>Date** | **Notional<br>Amount<br>(000s)** | **Value** | **Upfront<br>Premiums<br>(Received)<br>Paid** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Protection Sold:** | **Protection Sold:** |  |  |  |  |  |  |  |
|  American Airlines Group, Inc., 3.750%, 03/01/25 | 5.000% | 1.943% | Citibank NA | 06/20/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 | $47071 | $(23664) | $70735 |
|  CDX.NA.IG Index 45 | 1.000 | 0.692 | MS & Co. Int. PLC | 12/20/30 | 112500 | 1692416 | 1499742 | 192674 |
|  ICE CD ITXEB 44 | 1.000 | 0.930 | MS & Co. Int. PLC | 12/20/30 | 50000 | 261908 | 213377 | 48531 |
|  ICE CD ITXEX 44 | 5.000 | 1.969 | MS & Co. Int. PLC | 12/20/30 | 30000 | 5132443 | 4669299 | 463144 |
|  **TOTAL** |  |  |  |  |  | $7133838 | $6358754 | $775084 |

---

(a) Payments made quarterly.

(b) Credit spread on the referenced obligation, together with the term of the swap contract, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its
counterparty to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and the term of the swap contract increase.

**CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Referenced<br>Obligation/Index** | **Financing Rate**<br> **Received/(Paid) by**<br> **the Fund<sup>(a)</sup>** | **Credit<br>Spread at<br>January 31,<br>2026<sup>(b)</sup>** | **Termination<br>Date** | **Notional<br>Amount<br>(000s)** | **Value** | **Upfront<br>Premiums<br>(Received)<br>Paid** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Protection Sold:** |  |  |  |  |  |  |  |
|  CDX.NA.HY Index 45 | 5.000% | 2.963% | 12/20/30 | $26275 | $2352156 | $1898496 | $453660 |

---

(a) Payments made quarterly.

(b) Credit spread on the referenced obligation, together with the term of the swap contract, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its
counterparty to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and the term of the swap contract increase.

------

GOLDMAN SACHS MULTI-MANAGER NON-CORE FIXED INCOME FUND

*January 31, 2026 (Unaudited)* 

**ADDITIONAL INVESTMENT INFORMATION (continued)** 

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| EGP | — Egypt Pound |
| EUR | — Euro |
| GBP | — British Pound |
| KZT | — Kazakhstan Tenge |
| NGN | — Nigeria Naira |
| THB | — Thailand Baht |
| TRY | — Turkish Lira |
| USD | — U.S. Dollar |
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| CLO | — Collateralized Loan Obligation |
| CMT | — Constant Maturity Treasury Indexes |
| ETF | — Exchange Traded Fund |
| EURIBOR | — Euro Interbank Offered Rate |
| ICE | — Inter-Continental Exchange |
| LLC | — Limited Liability Company |
| LP | — Limited Partnership |
| PIK | — Payment in kind |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SOFR | — Secured Overnight Financing Rate |
| SONIA | — Sterling Overnight Index Average |
| SpA | — Stand-by Purchase Agreement |
| **Abbreviations:** | **Abbreviations:** |
| CDX.NA.HY Ind 45 | — CDX North America High Yield Index 45 |
| CDX.NA.IG Ind 45 | — CDX North America Investment Grade Index 45 |
| ICE | — Inter-Continental Exchange |
| ICE CD ITXEB | — iTraxx Europe Index |
| ICE CD ITXEX | — iTraxx Europe Crossover Index |
| MS & Co. Int. PLC | — Morgan Stanley & Co. International PLC |

---

------

GOLDMAN SACHS MULTI-MANAGER REAL ASSETS STRATEGY FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 97.0%** | **Common Stocks – 97.0%** |  |
| **Australia – 4.6%** | **Australia – 4.6%** |  |
| 1274974 | Cleanaway Waste Management Ltd. (Commercial Services & Supplies) | $2185361 |
| 308700 | Dexus (Office REITs) | 1440168 |
| 196670 | DigiCo Infrastructure REIT (Specialized REITs) | 350583 |
| 103310 | Gemlife Communities Group\* (Real Estate Management & Development) | 361858 |
| 1100418 | Goodman Group (Industrial REITs) | 23376927 |
| 1666940 | Mirvac Group (Diversified REITs) | 2314990 |
| 679778 | NEXTDC Ltd.\* (IT Services) | 6280814 |
| 745576 | Qube Holdings Ltd. (Transportation Infrastructure) | 2466042 |
| 571636 | Region Group (Retail REITs) | 916872 |
| 1744494 | Scentre Group (Retail REITs) | 4943841 |
| 1559178 | Stockland (Diversified REITs) | 5833830 |
| 968062 | Transurban Group (Transportation Infrastructure) | 9363842 |
| 3314424 | Vicinity Ltd. (Retail REITs) | 5654565 |
|  |  | 65489693 |
| **Belgium – 1.0%** | **Belgium – 1.0%** |  |
| 69367 | Aedifica SA (Health Care REITs) | 6108321 |
| 4710 | Cofinimmo SA (Health Care REITs) | 489747 |
| 25199 | Elia Group SA (Electric Utilities) | 3648328 |
| 15730 | Shurgard Self Storage Ltd. (Specialized REITs) | 570963 |
| 125320 | Warehouses De Pauw CVA (Industrial REITs) | 3551022 |
|  |  | 14368381 |
| **Brazil – 0.5%** | **Brazil – 0.5%** |  |
| 92332 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP ADR (Water Utilities) | 2480038 |
| 1369343 | Cia Paranaense de Energia - Copel (Electric Utilities) | 3429374 |
| 71009 | Equatorial SA (Electric Utilities) | 552124 |
|  |  | 6461536 |
| **Canada – 6.9%** | **Canada – 6.9%** |  |
| 16110 | Allied Properties Real Estate Investment Trust (Office REITs) | 166229 |
| 52295 | Canadian Apartment Properties REIT (Residential REITs) | 1480920 |
| 7880 | Canadian National Railway Co. (Ground Transportation) | 758052 |
| 504619 | Chartwell Retirement Residences (Health Care Providers & Services) | 7493406 |
| 514262 | Enbridge, Inc. (Oil, Gas & Consumable Fuels) | 25104098 |
| 53850 | First Capital Real Estate Investment Trust (Retail REITs) | 782647 |
| 35928 | GFL Environmental, Inc. (Commercial Services & Supplies) | 1543108 |
| 39220 | H&R Real Estate Investment Trust (Diversified REITs) | 309635 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Canada – (continued)** | **Canada – (continued)** |  |
| 286477 | Keyera Corp. (Oil, Gas & Consumable Fuels) | $9570770 |
| 75323 | Pembina Pipeline Corp. (Oil, Gas & Consumable Fuels) | 3129861 |
| 125870 | RioCan Real Estate Investment Trust (Retail REITs) | 1803491 |
| 89623 | Rockpoint Gas Storage, Inc. Class A (Oil, Gas & Consumable Fuels) | 1810034 |
| 769530 | TC Energy Corp. (Oil, Gas & Consumable Fuels) | 45121195 |
|  |  | 99073446 |
| **China – 0.7%** | **China – 0.7%** |  |
| 398000 | China Merchants Port Holdings Co. Ltd. (Transportation Infrastructure) | 801390 |
| 1709100 | China Tower Corp. Ltd. Class H<sup>(a)</sup> (Diversified Telecommunication Services) | 2459013 |
| 637400 | ENN Energy Holdings Ltd. (Gas Utilities) | 5487211 |
| 1532000 | Zhejiang Expressway Co. Ltd. Class H (Transportation Infrastructure) | 1445302 |
|  |  | 10192916 |
| **France – 4.2%** | **France – 4.2%** |  |
| 39341 | Aeroports de Paris SA (Transportation Infrastructure) | 5197804 |
| 13080 | Gecina SA (Office REITs) | 1201414 |
| 53455 | Klepierre SA (Retail REITs) | 2059267 |
| 31550 | Mercialys SA (Retail REITs) | 396961 |
| 153370 | Unibail-Rodamco-Westfield\* (Retail REITs) | 16957341 |
| 232911 | Vinci SA (Construction & Engineering) | 33489016 |
|  |  | 59301803 |
| **Germany – 2.5%** | **Germany – 2.5%** |  |
| 791570 | E.ON SE (Multi-Utilities) | 16762500 |
| 27378 | Fraport AG Frankfurt Airport Services Worldwide\* (Transportation Infrastructure) | 2533156 |
| 56312 | LEG Immobilien SE (Real Estate Management & Development) | 4071785 |
| 65521 | RWE AG (Independent Power and Renewable Electricity Producers) | 4160836 |
| 368744 | TAG Immobilien AG (Real Estate Management & Development) | 6255868 |
| 84940 | Vonovia SE (Real Estate Management & Development) | 2486981 |
|  |  | 36271126 |
| **Hong Kong – 2.3%** | **Hong Kong – 2.3%** |  |
| 3488200 | Hong Kong & China Gas Co. Ltd. (Gas Utilities) | 3285357 |

---

------

GOLDMAN SACHS MULTI-MANAGER REAL ASSETS STRATEGY FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Hong Kong – (continued)** | **Hong Kong – (continued)** |  |
| 333429 | Hongkong Land Holdings Ltd. (Real Estate Management & Development) | $2829102 |
| 1636000 | Kunlun Energy Co. Ltd. (Gas Utilities) | 1676216 |
| 446100 | Link REIT (Retail REITs) | 2051061 |
| 870928 | Sun Hung Kai Properties Ltd. (Real Estate Management & Development) | 13986134 |
| 1961511 | Swire Properties Ltd. (Real Estate Management & Development) | 5945439 |
| 675000 | Wharf Real Estate Investment Co. Ltd. (Real Estate Management & Development) | 2343440 |
|  |  | 32116749 |
| **Ireland – 0.0%** | **Ireland – 0.0%** |  |
| 505260 | Irish Residential Properties REIT PLC (Residential REITs) | 604899 |
| **Italy – 0.3%** | **Italy – 0.3%** |  |
| 363626 | Terna - Rete Elettrica Nazionale (Electric Utilities) | 3940365 |
| **Japan – 5.5%** | **Japan – 5.5%** |  |
| 868 | Advance Residence Investment Corp. (Residential REITs) | 942033 |
| 61600 | Central Japan Railway Co. (Ground Transportation) | 1718521 |
| 2004 | Comforia Residential REIT, Inc. (Residential REITs) | 1447379 |
| 1467 | Daiwa House REIT Investment Corp. (Diversified REITs) | 1278241 |
| 182 | Daiwa Office Investment Corp. (Office REITs) | 433607 |
| 29400 | East Japan Railway Co. (Ground Transportation) | 738065 |
| 5907 | GLP J-Reit (Industrial REITs) | 5427600 |
| 4236 | Invincible Investment Corp. (Hotel & Resort REITs) | 1794023 |
| 1655 | Japan Real Estate Investment Corp. (Office REITs) | 1335244 |
| 1273 | KDX Realty Investment Corp. (Diversified REITs) | 1377177 |
| 555 | LaSalle Logiport REIT (Industrial REITs) | 563300 |
| 625170 | Mitsubishi Estate Co. Ltd. (Real Estate Management & Development) | 15933029 |
| 4188 | Mitsui Fudosan Accommodations Fund, Inc. (Residential REITs) | 3742572 |
| 778133 | Mitsui Fudosan Co. Ltd. (Real Estate Management & Development) | 8922775 |
| 9765 | Nippon Building Fund, Inc. (Office REITs) | 9057870 |
| 2588 | Nippon Prologis REIT, Inc. (Industrial REITs) | 1510156 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Japan – (continued)** | **Japan – (continued)** |  |
| 1506 | Nomura Real Estate Master Fund, Inc. (Diversified REITs) | $1627272 |
| 99100 | Osaka Gas Co. Ltd. (Gas Utilities) | 3720477 |
| 2443 | Sekisui House Reit, Inc. (Diversified REITs) | 1434589 |
| 410629 | Sumitomo Realty & Development Co. Ltd. (Real Estate Management & Development) | 11434778 |
| 83000 | Tokyo Gas Co. Ltd. (Gas Utilities) | 3682347 |
|  |  | 78121055 |
| **Malaysia – 0.2%** | **Malaysia – 0.2%** |  |
| 767600 | Tenaga Nasional Bhd. (Electric Utilities) | 2715857 |
| **Mexico – 0.8%** | **Mexico – 0.8%** |  |
| 30320 | Corp. Inmobiliaria Vesta SAB de CV ADR (Real Estate Management & Development) | 938101 |
| 14798 | Grupo Aeroportuario del Pacifico SAB de CV ADR (Transportation Infrastructure) | 4068118 |
| 111014 | Grupo Aeroportuario del Sureste SAB de CV Class B (Transportation Infrastructure) | 3840706 |
| 6586 | Grupo Aeroportuario del Sureste SAB de CV ADR (Transportation Infrastructure) | 2273026 |
| 132541 | Prologis Property Mexico SA de CV (Industrial REITs) | 609009 |
|  |  | 11728960 |
| **Netherlands<sup>(a)</sup> – 0.1%** | **Netherlands<sup>(a)</sup> – 0.1%** |  |
| 42821 | CTP NV (Real Estate Management & Development) | 933527 |
| **New Zealand – 0.2%** | **New Zealand – 0.2%** |  |
| 598944 | Auckland International Airport Ltd. (Transportation Infrastructure) | 2978755 |
| **Philippines – 0.2%** | **Philippines – 0.2%** |  |
| 251920 | International Container Terminal Services, Inc. (Transportation Infrastructure) | 2759265 |
| **Singapore – 1.7%** | **Singapore – 1.7%** |  |
| 299200 | CapitaLand Ascendas REIT (Industrial REITs) | 669567 |
| 1818300 | CapitaLand Integrated Commercial Trust (Diversified REITs) | 3413683 |
| 825700 | CapitaLand Investment Ltd. (Real Estate Management & Development) | 1999125 |
| 762700 | Centurion Accommodation REIT\* (Residential REITs) | 670446 |
| 880205 | City Developments Ltd. (Real Estate Management & Development) | 6413680 |
| 488200 | Frasers Centrepoint Trust (Retail REITs) | 859616 |

---

------

GOLDMAN SACHS MULTI-MANAGER REAL ASSETS STRATEGY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **Singapore – (continued)** | **Singapore – (continued)** |  |
| 527904 | Keppel DC REIT (Specialized REITs) | $945953 |
| 167200 | Keppel Ltd. (Industrial Conglomerates) | 1438392 |
| 898225 | Keppel REIT (Office REITs) | 696455 |
| 7644571 | Lendlease Global Commercial REIT (Retail REITs) | 3836149 |
| 753900 | Mapletree Logistics Trust (Industrial REITs) | 802104 |
| 661200 | NTT DC REIT\* (Specialized REITs) | 674580 |
| 289500 | UOL Group Ltd. (Real Estate Management & Development) | 2472496 |
|  |  | 24892246 |
| **Spain – 3.0%** | **Spain – 3.0%** |  |
| 381822 | Aena SME SA<sup>(a)</sup> (Transportation Infrastructure) | 11858455 |
| 429128 | Cellnex Telecom SA\*<sup>(a)</sup> (Diversified Telecommunication Services) | 13272990 |
| 282088 | Merlin Properties Socimi SA (Diversified REITs) | 4198373 |
| 49352 | Naturgy Energy Group SA (Gas Utilities) | 1549063 |
| 518065 | Redeia Corp. SA (Electric Utilities) | 8953166 |
| 570235 | Sacyr SA\* (Construction & Engineering) | 2683292 |
|  |  | 42515339 |
| **Sweden – 0.7%** | **Sweden – 0.7%** |  |
| 109850 | Castellum AB (Real Estate Management & Development) | 1357993 |
| 19500 | Catena AB (Real Estate Management & Development) | 1012238 |
| 1051331 | Fastighets AB Balder Class B\* (Real Estate Management & Development) | 7929773 |
|  |  | 10300004 |
| **Switzerland – 0.6%** | **Switzerland – 0.6%** |  |
| 9256 | Flughafen Zurich AG (Transportation Infrastructure) | 2874739 |
| 25968 | PSP Swiss Property AG (Real Estate Management & Development) | 5212272 |
| 4450 | Swiss Prime Site AG (Real Estate Management & Development) | 757571 |
|  |  | 8844582 |
| **United Kingdom – 5.4%** | **United Kingdom – 5.4%** |  |
| 844864 | British Land Co. PLC (Diversified REITs) | 4819043 |
| 32010 | Derwent London PLC (Office REITs) | 847837 |
| 2265631 | LondonMetric Property PLC (Industrial REITs) | 6219358 |
| 2220323 | National Grid PLC (Multi-Utilities) | 37722289 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **United Kingdom – (continued)** | **United Kingdom – (continued)** |  |
| 1061083 | Pennon Group PLC (Water Utilities) | $7953413 |
| 799090 | Primary Health Properties PLC (Health Care REITs) | 1134255 |
| 150347 | Safestore Holdings PLC (Specialized REITs) | 1701365 |
| 119152 | Segro PLC (Industrial REITs) | 1241394 |
| 125465 | Severn Trent PLC (Water Utilities) | 5039400 |
| 3607737 | Tritax Big Box REIT PLC (Industrial REITs) | 8189302 |
| 342497 | UNITE Group PLC (Residential REITs) | 2663730 |
|  |  | 77531386 |
| **United States – 55.6%** | **United States – 55.6%** |  |
| 216061 | Agree Realty Corp. (Retail REITs) | 15606086 |
| 28150 | Alexandria Real Estate Equities, Inc. (Health Care REITs) | 1538116 |
| 60446 | Alliant Energy Corp. (Electric Utilities) | 3983996 |
| 15652 | Ameren Corp. (Multi-Utilities) | 1616539 |
| 300046 | American Healthcare REIT, Inc. (Health Care REITs) | 14075158 |
| 239624 | American Homes 4 Rent Class A (Residential REITs) | 7505024 |
| 201026 | American Tower Corp. (Specialized REITs) | 36039941 |
| 35750 | American Water Works Co., Inc. (Water Utilities) | 4616398 |
| 32460 | Americold Realty Trust, Inc. (Industrial REITs) | 402829 |
| 90143 | Atmos Energy Corp. (Gas Utilities) | 14994387 |
| 40593 | AvalonBay Communities, Inc. (Residential REITs) | 7212158 |
| 26787 | Black Hills Corp. (Multi-Utilities) | 1954915 |
| 182920 | Brixmor Property Group, Inc. (Retail REITs) | 4900427 |
| 66340 | Broadstone Net Lease, Inc. (Diversified REITs) | 1227953 |
| 17110 | BXP, Inc. (Office REITs) | 1106504 |
| 42240 | Camden Property Trust (Residential REITs) | 4606272 |
| 368600 | CenterPoint Energy, Inc. (Multi-Utilities) | 14629734 |
| 19905 | Cheniere Energy, Inc. (Oil, Gas & Consumable Fuels) | 4210306 |
| 45740 | Consolidated Edison, Inc. (Multi-Utilities) | 4877256 |
| 34895 | COPT Defense Properties (Office REITs) | 1075115 |
| 172696 | Cousins Properties, Inc. (Office REITs) | 4358847 |
| 215371 | Crown Castle, Inc. (Specialized REITs) | 18696357 |
| 145566 | CSX Corp. (Ground Transportation) | 5496572 |
| 98052 | CubeSmart (Specialized REITs) | 3679892 |
| 384577 | Curbline Properties Corp. (Retail REITs) | 9325992 |

---

------

GOLDMAN SACHS MULTI-MANAGER REAL ASSETS STRATEGY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **United States – (continued)** | **United States – (continued)** |  |
| 135910 | DiamondRock Hospitality Co. (Hotel & Resort REITs) | $1247654 |
| 111114 | Digital Realty Trust, Inc. (Specialized REITs) | 18439368 |
| 54740 | Douglas Emmett, Inc. (Office REITs) | 578054 |
| 94113 | DT Midstream, Inc. (Oil, Gas & Consumable Fuels) | 11860120 |
| 31248 | DTE Energy Co. (Multi-Utilities) | 4199106 |
| 26582 | EastGroup Properties, Inc. (Industrial REITs) | 4828354 |
| 144678 | Empire State Realty Trust, Inc. Class A (Office REITs) | 959215 |
| 29626 | Entergy Corp. (Electric Utilities) | 2840837 |
| 45765 | Equinix, Inc. (Specialized REITs) | 37569861 |
| 84643 | Equity LifeStyle Properties, Inc. (Residential REITs) | 5346898 |
| 66384 | Equity Residential (Residential REITs) | 4137051 |
| 263600 | Essential Properties Realty Trust, Inc. (Diversified REITs) | 8002896 |
| 19580 | Essex Property Trust, Inc. (Residential REITs) | 4931615 |
| 39101 | Evergy, Inc. (Electric Utilities) | 3000220 |
| 179603 | Eversource Energy (Electric Utilities) | 12415955 |
| 315833 | Exelon Corp. (Electric Utilities) | 14143002 |
| 107545 | Extra Space Storage, Inc. (Specialized REITs) | 14837984 |
| 174532 | First Industrial Realty Trust, Inc. (Industrial REITs) | 10128092 |
| 94156 | FrontView REIT, Inc. (Retail REITs) | 1545100 |
| 62541 | Gaming & Leisure Properties, Inc. (Specialized REITs) | 2798710 |
| 34768 | H2O America (Water Utilities) | 1809327 |
| 112540 | Healthcare Realty Trust, Inc. (Health Care REITs) | 1889547 |
| 231353 | Healthpeak Properties, Inc. (Health Care REITs) | 3988526 |
| 4673 | Hilton Worldwide Holdings, Inc. (Hotels, Restaurants & Leisure) | 1394937 |
| 144540 | Host Hotels & Resorts, Inc. (Hotel & Resort REITs) | 2678326 |
| 43957 | Hudson Pacific Properties, Inc.\* (Office REITs) | 378909 |
| 9260 | Hyatt Hotels Corp. Class A (Hotels, Restaurants & Leisure) | 1447986 |
| 446521 | Independence Realty Trust, Inc. (Residential REITs) | 7456901 |
| 251588 | Invitation Homes, Inc. (Residential REITs) | 6724947 |
| 212151 | Iron Mountain, Inc. (Specialized REITs) | 19545472 |
| 3861 | Jones Lang LaSalle, Inc.\* (Real Estate Management & Development) | 1381891 |
| 45563 | Kilroy Realty Corp. (Office REITs) | 1571012 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** |  |
| **United States – (continued)** | **United States – (continued)** |  |
| 227184 | Kimco Realty Corp. (Retail REITs) | $4789039 |
| 517654 | Kinder Morgan, Inc. (Oil, Gas & Consumable Fuels) | 15783270 |
| 60210 | Kinetik Holdings, Inc. (Oil, Gas & Consumable Fuels) | 2463191 |
| 135970 | Kite Realty Group Trust (Retail REITs) | 3193935 |
| 8140 | Lineage, Inc. (Industrial REITs) | 290679 |
| 75355 | LXP Industrial Trust (Industrial REITs) | 3733840 |
| 103210 | Macerich Co. (Retail REITs) | 1953765 |
| 65374 | National Health Investors, Inc. (Health Care REITs) | 5368513 |
| 162572 | National Storage Affiliates Trust (Specialized REITs) | 5171415 |
| 57305 | NETSTREIT Corp. (Retail REITs) | 1079626 |
| 33477 | NextEra Energy, Inc. (Electric Utilities) | 2942628 |
| 321681 | NiSource, Inc. (Multi-Utilities) | 14247252 |
| 5245 | Norfolk Southern Corp. (Ground Transportation) | 1527554 |
| 30978 | OGE Energy Corp. (Electric Utilities) | 1353119 |
| 53351 | Omega Healthcare Investors, Inc. (Health Care REITs) | 2341042 |
| 11530 | ONE Gas, Inc. (Gas Utilities) | 917327 |
| 27009 | ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 2138843 |
| 1382185 | PG&E Corp. (Electric Utilities) | 21313293 |
| 312938 | Prologis, Inc. (Industrial REITs) | 40857185 |
| 19840 | Public Storage (Specialized REITs) | 5479610 |
| 53510 | Realty Income Corp. (Retail REITs) | 3272672 |
| 138090 | Regency Centers Corp. (Retail REITs) | 10062618 |
| 88553 | Rexford Industrial Realty, Inc. (Industrial REITs) | 3589053 |
| 15725 | Ryman Hospitality Properties, Inc. (Hotel & Resort REITs) | 1489158 |
| 232808 | Sabra Health Care REIT, Inc. (Health Care REITs) | 4360494 |
| 15740 | SBA Communications Corp. (Specialized REITs) | 2897891 |
| 328841 | Sempra (Multi-Utilities) | 28612455 |
| 99527 | Simon Property Group, Inc. (Retail REITs) | 19040510 |
| 151512 | SL Green Realty Corp. (Office REITs) | 6784707 |
| 110086 | Smartstop Self Storage REIT, Inc. (Specialized REITs) | 3461104 |
| 49435 | Spire, Inc. (Gas Utilities) | 4176763 |
| 267796 | Sunstone Hotel Investors, Inc. (Hotel & Resort REITs) | 2348571 |
| 108505 | Targa Resources Corp. (Oil, Gas & Consumable Fuels) | 21807335 |
| 238582 | UDR, Inc. (Residential REITs) | 8863321 |
| 218233 | Ventas, Inc. (Health Care REITs) | 16950157 |
| 173858 | Venture Global, Inc. Class A (Oil, Gas & Consumable Fuels) | 1703808 |

---

------

GOLDMAN SACHS MULTI-MANAGER REAL ASSETS STRATEGY FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** |  |
| 375455 | Veris Residential, Inc. (Residential REITs) | $5703161 |
| 56760 | VICI Properties, Inc. (Specialized REITs) | 1593821 |
| 100459 | Vornado Realty Trust (Office REITs) | 3202633 |
| 30810 | Waste Connections, Inc. (Commercial Services & Supplies) | 5159726 |
| 288750 | Welltower, Inc. (Health Care REITs) | 54388950 |
| 706129 | Williams Cos., Inc. (Oil, Gas & Consumable Fuels) | 47494237 |
|  |  | 795722918 |
| **TOTAL COMMON STOCKS<br>(Cost $1,194,598,972)** | **TOTAL COMMON STOCKS<br>(Cost $1,194,598,972)** | $1386864808 |
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company<sup>(b)</sup> – 2.6%** | **Investment Company<sup>(b)</sup> – 2.6%** |  |
| Goldman Sachs Financial Square Government Fund — Institutional<br>Shares | Goldman Sachs Financial Square Government Fund — Institutional<br>Shares | Goldman Sachs Financial Square Government Fund — Institutional<br>Shares |
| 38125136 | 3.590% | $38125136 |
| **(Cost $38,125,136)** | **(Cost $38,125,136)** | **(Cost $38,125,136)** |
| **TOTAL INVESTMENTS – 99.6%<br>(Cost $1,232,724,108)** | **TOTAL INVESTMENTS – 99.6%<br>(Cost $1,232,724,108)** | $1424989944 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.4%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.4%** | 5201459 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $1430191403 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |
| (a) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (b) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **SECTOR ALLOCATION AS OF JANUARY 31, 2026** | **SECTOR ALLOCATION AS OF JANUARY 31, 2026** |
| **Sector** | **% of Total<br>Market Value** |
| Real Estate | 54.6% |
| Utilities | 19.3 |
| Energy | 13.5 |
| Industrials | 7.7 |
| Investment Company | 2.7 |
| Communication Services | 1.1 |
| Health Care | 0.5 |
| Information Technology | 0.4 |
| Consumer Discretionary | 0.2 |
|  | 100.0% |

---

------

GOLDMAN SACHS MULTI-MANAGER REAL ASSETS STRATEGY FUND

*January 31, 2026 (Unaudited)* 

**ADDITIONAL INVESTMENT INFORMATION** 

**FUTURES CONTRACTS** — At January 31, 2026, the Fund had the following futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration<br>Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Long position contracts:** |  |  |  |  |
|  Dow Jones U.S. Real Estate Index | 768 | 03/20/26 | $28085760 | $459042 |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| ADR | — American Depositary Receipt |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS** 

**Investment Valuation** — The Funds' valuation policy is to value investments at fair value.

**Investments and Fair Value Measurements** — U.S. GAAP defines the fair value of a financial instrument as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price); the Fund' policy is to use the market approach. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three levels of the fair value hierarchy are described below:

Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 — Quoted prices in markets that are not active or financial instruments for which significant inputs are observable (including, but not limited to, quoted prices for similar investments, interest rates, foreign exchange rates, volatility and credit spreads), either directly or indirectly;

Level 3 — Prices or valuations that require significant unobservable inputs (including GSAM's assumptions in determining fair value measurement).

The Board of Trustees ("Trustees") has approved Valuation Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. With respect to the Funds' investments that do not have readily available market quotations, the Trustees have designated GSAM as the valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Investment Company Act of 1940 (the "Valuation Designee"). GSAM has day-to-day responsibility for implementing and maintaining internal controls and procedures related to the valuation of the Funds' investments. To assess the continuing appropriateness of pricing sources and methodologies, GSAM regularly performs price verification procedures and issues challenges as necessary to third party pricing vendors or brokers, and any differences are reviewed in accordance with the Valuation Procedures.

**Level 1 and Level 2 Fair Value Investments** — The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 1 and Level 2 are as follows:

**Equity Securities** — Equity securities traded on a United States ("U.S.") securities exchange or the NASDAQ system, or those located on certain foreign exchanges, including but not limited to the Americas, are valued daily at their last sale price or official closing price on the principal exchange or system on which they are traded. If there is no sale or official closing price or such price is believed by GSAM to not represent fair value, equity securities will be valued at the valid closing bid price for long positions and at the valid closing ask price for short positions (i.e., where there is sufficient volume, during normal exchange trading hours). If no valid bid/ask price is available, the equity security will be valued pursuant to the Valuation Procedures and consistent with applicable regulatory guidance. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. Certain equity securities containing unique attributes may be classified as Level 2.

Unlisted equity securities for which market quotations are available are valued at the last sale price on the valuation date, or if no sale occurs, at the last bid price for long positions or the last ask price for short positions, and are generally classified as Level 2. Securities traded on certain foreign securities exchanges are valued daily at fair value determined by an independent fair value service (if available) under the Valuation Procedures and consistent with applicable regulatory guidance. The independent fair value service takes into account multiple factors including, but not limited to, movements in the securities markets, certain depositary receipts, futures contracts and foreign currency exchange rates that have occurred subsequent to the close of the foreign securities exchange. These investments are generally classified as Level 2 of the fair value hierarchy.

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

**Underlying Funds (including Money Market Funds)** — Underlying funds ("Underlying Funds") include exchange-traded funds ("ETFs") and other investment companies. Investments in the Underlying Funds (except ETFs) are valued at the NAV per share on the day of valuation. ETFs are valued daily at the last sale price or official closing price on the principal exchange or system on which the investment is traded. Because the Funds invest in Underlying Funds that fluctuate in value, the Funds' shares will correspondingly fluctuate in value. Underlying Funds are generally classified as Level 1 of the fair value hierarchy. To the extent that underlying ETFs are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. For information regarding an Underlying Fund's accounting policies and investment holdings, please see the Underlying Fund's financial statements at SEC.gov.

**Debt Securities** — Debt securities for which market quotations are readily available are valued daily on the basis of quotations supplied by dealers or an independent pricing service. The pricing services may use valuation models or matrix pricing, which consider: (i) yield or price with respect to bonds that are considered comparable in characteristics such as rating, interest rate and maturity date or (ii) quotations from securities dealers to determine current value. With the exception of treasury securities of G7 countries, which are generally classified as Level 1, these investments are generally classified as Level 2 of the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i. Bank Loans** — Bank loans ("Loans") are interests in amounts owed by corporate, governmental, or other borrowers to lenders or lending syndicates. Loans are arranged through private negotiations between the borrower and one or more financial institutions ("Lenders"). A Fund's investments in Loans are in the form of either participations in Loans ("Participations") or assignments of all or a portion of Loans from third parties ("Assignments"). With respect to Participations, a Fund has the right to receive payments of principal, interest and any fees to which it is entitled from the Lender selling the Participations and only upon receipt by the Lender of the payments from the borrower. A Fund generally has no right to enforce compliance by the borrower with the terms of the loan agreement with respect to Participations. Conversely, assignments result in a Fund having a direct contractual relationship with the borrower, and the Fund may be permitted to enforce compliance by the borrower with the terms of the loan agreement.

**Derivative Contracts** — A derivative is an instrument whose value is derived from underlying assets, indices, reference rates or a combination of these factors. A Fund enters into derivative transactions to hedge against changes in interest rates, securities prices, and/or currency exchange rates, to increase total return, or to gain access to certain markets or attain exposure to other underliers. For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if any, is reported separately on the Statements of Assets and Liabilities as either due to broker/receivable for collateral on certain derivative contracts. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments.

Exchange-traded derivatives, including futures and options contracts, are generally valued at the last sale or settlement price on the exchange where they are principally traded. Exchange-traded options without settlement prices are generally valued at the midpoint of the bid and ask prices on the exchange where they are principally traded (or, in the absence of two-way trading, at the last bid price for long positions and the last ask price for short positions). Exchange-traded derivatives typically fall within Level 1 of the fair value hierarchy. Over-the-counter ("OTC") and centrally cleared derivatives are valued using market transactions and other market evidence, including market-based inputs to models, calibration to market-clearing transactions, broker or dealer quotations, or other alternative pricing sources. Where models are used, the selection of a particular model to value OTC and centrally cleared derivatives depends upon the contractual terms of, and specific risks inherent in, the instrument, as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit curves, measures of volatility, voluntary and involuntary prepayment rates, loss severity rates and correlations of such inputs. For OTC and centrally cleared derivatives that trade in liquid markets, model inputs can generally be verified and model selection does not involve significant management judgment. OTC and centrally cleared derivatives are classified within Level 2 of the fair value hierarchy when significant inputs are corroborated by market evidence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i. Forward Contracts** — A forward contract is a contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract settlement can occur on a cash or delivery basis. Forward contracts are marked-to-market daily using independent vendor prices, and the change in value, if any, is recorded as an unrealized gain or loss. Cash and certain investments may be used to collateralize forward contracts.

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

A *forward foreign currency exchange contract* is a forward contract in which a Fund agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. All forward foreign currency exchange contracts are marked to market daily by using the outright forward rates or interpolating based upon maturity dates, where available. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in cash without the delivery of foreign currency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii. Futures Contracts** — Futures contracts are contracts to buy or sell a standardized quantity of a specified commodity or security. Upon entering into a futures contract, a Fund deposits cash or securities in an account on behalf of the broker in an amount sufficient to meet the initial margin requirement. Subsequent payments are made or received by a Fund equal to the daily change in the contract value and are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iii. Options** — When a Fund writes call or put options, an amount equal to the premium received is recorded as a liability and is subsequently marked-to-market to reflect the current value of the option written. Swaptions are options on swap contracts.

Upon the purchase of a call option or a put option by a Fund, the premium paid is recorded as an investment and subsequently marked-to-market to reflect the current value of the option. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iv. Swap Contracts** — Bilateral swap contracts are agreements in which a Fund and a counterparty agree to exchange periodic payments on a specified notional amount or make a net payment upon termination. Bilateral swap transactions are privately negotiated in the OTC market and payments are settled through direct payments between a Fund and the counterparty. By contrast, certain swap transactions are subject to mandatory central clearing. These swaps are executed through a derivatives clearing member ("DCM"), acting in an agency capacity, and submitted to a central counterparty ("CCP") ("centrally cleared swaps"), in which case all payments are settled with the CCP through the DCM. Swaps are marked-to-market daily using pricing vendor quotations, counterparty or clearinghouse prices or model prices, and the change in value, if any, is recorded as an unrealized gain or loss. Upon entering into a swap contract, a Fund is required to satisfy an initial margin requirement by delivering cash or securities to the counterparty (or in some cases, segregated in a triparty account on behalf of the counterparty), which can be adjusted by any mark-to-market gains or losses pursuant to bilateral or centrally cleared arrangements. For centrally cleared swaps the daily change in valuation, if any, is recorded as a receivable or payable for variation margin.

An *interest rate swap* is an agreement that obligates two parties to exchange a series of cash flows at specified intervals, based upon or calculated by reference to changes in interest rates on a specified notional principal amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other.

A *credit default swap* is an agreement that involves one party (the buyer of protection) making a stream of payments to another party (the seller of protection) in exchange for the right to receive protection on a reference security or obligation, including a group of assets or exposure to the performance of an index. A Fund's investment in credit default swaps may involve greater risks than if the Fund had invested in the referenced obligation directly. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring and obligation acceleration. If a Fund buys protection through a credit default swap and no credit event occurs, its payments are limited to the periodic payments previously made to the counterparty. Upon the occurrence of a specified credit event, a Fund, as a buyer of credit protection, is entitled to receive an amount equal to the notional amount of the swap and deliver to the seller the defaulted reference obligation in a physically settled trade. A Fund may also receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade.

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

As a seller of protection, a Fund generally receives a payment stream throughout the term of the swap, provided that there is no credit event. In addition, if a Fund sells protection through a credit default swap, a Fund could suffer a loss because the value of the referenced obligation and the premium payments received may be less than the notional amount of the swap paid to the buyer of protection. Upon the occurrence of a specified credit event, a Fund, as a seller of credit protection, may be required to take possession of the defaulted reference obligation and pay the buyer an amount equal to the notional amount of the swap in a physically settled trade. A Fund may also pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade. Recovery values are at times established through the credit event auction process in which market participants are ensured that a transparent price has been set for the defaulted security or obligation. In addition, a Fund is entitled to a return of any assets, which have been pledged as collateral to the counterparty upon settlement.

The maximum potential amount of future payments (undiscounted) that a Fund as seller of protection could be required to make under a credit default swap would be an amount equal to the notional amount of the agreement. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or net amounts received from a settlement of a credit default swap for the same reference security or obligation where a Fund bought credit protection.

**Level 3 Fair Value Investments** — To the extent that significant inputs to valuation models and other alternative pricing sources are unobservable, or if quotations are not readily available, or if GSAM believes that such quotations do not accurately reflect fair value, the fair value of a Fund's investments may be determined under the Valuation Procedures. GSAM, consistent with its procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund's NAV. To the extent investments are valued using single source broker quotations obtained directly from the broker or passed through from third party pricing vendors, such investments are classified as Level 3 investments.

**Fair Value Hierarchy** — The following is a summary of the Funds' investments and derivatives classified in the fair value hierarchy as of January 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
| **MULTI-MANAGER GLOBAL EQUITY FUND**<br>**Investment Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Africa | $1355930 | $3854403 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia | 30021237 | 258383705 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia and Oceania |  | 3679463 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | 24873630 | 266365447 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 430568208 | 16006204 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; South America | 14151297 |  |  |
|  Preferred Stocks |  | 4304740 | 5472 |
|  Exchange Traded Funds | 673545149 |  |  |
|  Investment Companies | 124143084 |  |  |
| **Total** | $1298658535 | $552593962 | $5472 |
| **Derivative Type** |  |  |  |
| **Assets<sup>(b)</sup>** |  |  |  |
|  Forward Foreign Currency Exchange Contracts | $— | $1692328 | $— |

---

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

---

| | | | |
|:---|:---|:---|:---|
| **MULTI-MANAGER GLOBAL EQUITY FUND (continued)**<br>**Derivative Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Liabilities<sup>(b)</sup>** | | | |
|  Forward Foreign Currency Exchange Contracts | $— | $&nbsp;&nbsp;&nbsp;&nbsp;(3877118) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22515) |  |  |
| **Total** | $(22515) | $(3877118) | $— |

---

(a) Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of NAV. Security valuations are based on the principal exchange or system on which they
are traded, which may differ from country of domicile. The Funds utilize fair value model prices provided by an independent fair value service for international equities, resulting in a Level 2 classification.

(b) Amount shown represents unrealized gain (loss) at period end.

---

| | | | |
|:---|:---|:---|:---|
| **MULTI-MANAGER NON-CORE FIXED INCOME FUND**<br>**Investment Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations | $— | $1104583268 | $5745551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 587607566 | 9669561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Debt Obligations |  | 49237782 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities |  | 38229668 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | 23119550 |  |  |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia and Oceania |  |  | 14674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe |  | 409676 | 217819 |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 144161 | 3203301 | 2990741 |
|  Warrants |  | 11445 | 81820 |
|  Preferred Stocks |  |  | 4936 |
|  Exchange Traded Funds | 51953629 |  |  |
|  Investment Company | 156181812 |  |  |
| **Total** | $231399152 | $1783282706 | $18725102 |
| **Assets_UR** |  |  |  |
|  Fixed Income<sup>(b)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments | $— | $1987 | $2025 |
| **Total** | $— | $1987 | $2025 |
| **Liabilities** |  |  |  |
|  Fixed Income<sup>(b)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unfunded Loan Commitments | $— | $(1290) | $— |

---

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

---

| | | | |
|:---|:---|:---|:---|
| **MULTI-MANAGER NON-CORE FIXED INCOME FUND (continued)**<br>**Derivative Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets<sup>(b)</sup>** | | | |
|  Forward Foreign Currency Exchange Contracts | $— | $986988 | $— |
|  Futures Contracts | 47026 |  |  |
|  Credit Default Swap Contracts |  | 1228744 |  |
| **Total** | $47026 | $2215732 | $— |
| **Liabilities<sup>(b)</sup>** |  |  |  |
| Forward Foreign Currency Exchange Contracts | $— | $(3853392) | $— |

---

(a) Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of NAV. Security valuations are based on the principal exchange or system on which they
are traded, which may differ from country of domicile. The Funds utilize fair value model prices provided by an independent fair value service for international equities, resulting in a Level 2 classification.

(b) Amount shown represents unrealized gain (loss) at period end.

---

| | | | |
|:---|:---|:---|:---|
| **MULTI-MANAGER REAL ASSETS STRATEGY FUND**<br>**Investment Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia | $11416864 | $139381224 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia and Oceania | 3340613 | 65127835 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | 20617827 | 233993585 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 906525324 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; South America | 6461536 |  |  |
|  Investment Company | 38125136 |  |  |
| **Total** | $986487300 | $438502644 | $— |
| **Derivative Type** |  |  |  |
| **Assets<sup>(b)</sup>** |  |  |  |
|  Futures Contracts | $459042 | $— | $— |

---

(a) Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of NAV. Security valuations are based on the principal exchange or system on which they
are traded, which may differ from country of domicile. The Funds utilize fair value model prices provided by an independent fair value service for international equities, resulting in a Level 2 classification.

(b) Amount shown represents unrealized gain (loss) at period end.

For further information regarding security characteristics, see the Schedules of Investments.

The Funds' risks include, but are not limited to, the following:

**Asset Allocation Risk** — The Funds' allocations to the various asset classes and to the Underlying Managers may cause the Funds to underperform other funds with a similar investment objective.

**Derivatives Risk** — The Funds' use of derivatives and other similar instruments (collectively referred to in this paragraph as "derivatives") may result in loss, including due to adverse market movements. Derivatives, which may pose risks in addition to and greater than those associated with investing directly in securities, currencies or other assets and instruments, may increase market exposure and be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of the underlying

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

assets or instruments may produce disproportionate losses to the Funds. Certain derivatives are also subject to counterparty risk, which is the risk that the other party in the transaction will not, or lacks the capacity or authority to, fulfill its contractual obligations, liquidity risk, which includes the risk that the Funds will not be able to exit the derivative when it is advantageous to do so, and risks arising from margin requirements, which include the risk that the Funds will be required to pay additional margin or set aside additional collateral to maintain open derivative positions. The use of derivatives is a highly specialized activity that involves investment techniques and risks different from those associated with investments in more traditional securities and instruments. Losses from derivatives can also result from a lack of correlation between changes in the value of derivative instruments and the portfolio assets (if any) being hedged.

**Floating and Variable Rate Obligations Risk** — Floating rate and variable rate obligations are debt instruments issued by companies or other entities with interest rates that reset periodically (typically, daily, monthly, quarterly, or semi-annually) in response to changes in the market rate of interest on which the interest rate is based. Such market rates are generally the Secured Overnight Financing Rate ("SOFR"), a term SOFR rate published by CME Group Benchmark Administration Limited (CBA) calculated using certain derivatives markets ("Term SOFR"), the Prime Rate of a designated U.S. bank, the Federal Funds Rate, or another base lending rate used by commercial lenders. For floating and variable rate obligations, there may be a lag between an actual change in the underlying interest rate benchmark and the reset time for an interest payment of such an obligation, which could harm or benefit a Fund, depending on the interest rate environment or other circumstances. In a rising interest rate environment, for example, a floating or variable rate obligation that does not reset immediately would prevent a Fund from taking full advantage of rising interest rates in a timely manner. However, in a declining interest rate environment, a Fund may benefit from a lag due to an obligation's interest rate payment not being immediately impacted by a decline in interest rates.

**Foreign and Emerging Countries Risk** — Investing in foreign markets may involve special risks and considerations not typically associated with investing in the U.S. Foreign securities may be subject to risk of loss because of more or less foreign government regulation; less public information; less stringent investor protections; less stringent accounting, corporate governance, financial reporting and disclosure standards; and less economic, political and social stability in the countries in which a Fund invests. The imposition of sanctions, exchange controls (including repatriation restrictions), confiscation of assets and property, trade restrictions (including tariffs) and other government restrictions by the U.S. or other governments, or from problems in registration, settlement or custody, may also result in losses. The type and severity of sanctions and other similar measures, including counter sanctions and other retaliatory actions, that may be imposed could vary broadly in scope, and their impact is impossible to predict. For example, the imposition of sanctions and other similar measures could, among other things, cause a decline in the value and/or liquidity of securities issued by the sanctioned country or companies located in or economically tied to the sanctioned country and increase market volatility and disruption in the sanctioned country and throughout the world. Sanctions and other similar measures could limit or prevent a Fund from buying and selling securities (in the sanctioned country and other markets), significantly delay or prevent the settlement of securities transactions, and significantly impact a Fund's liquidity and performance. Foreign risk also involves the risk of negative foreign currency exchange rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which a Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. To the extent that a Fund also invests in securities of issuers located in, or economically tied to, emerging markets, these risks may be more pronounced.

**Geographic Risk** — If a Fund focuses its investments in securities of issuers located in a particular country or geographic region, the Fund may be subjected, to a greater extent than if its investments were less focused, to the risks of volatile economic cycles and/or conditions and developments that may be particular to that country or region, such as: adverse securities markets; adverse exchange rates; adverse social, political, regulatory, economic, business, environmental or other developments; or natural disasters.

**Index/Tracking Error Risk** — To the extent that an index-tracking strategy or implementation of a sub-strategy by a transition manager is used with respect to a portion of a Fund's assets, including through investment in an ETF that seeks to track an index or implementation of an index-tracking strategy, the Fund will be negatively affected by general declines in the securities and asset classes represented in the relevant index. There is no guarantee that the Fund, or relevant portion of the Fund, will achieve a high degree of correlation to the relevant index. Market disruptions and regulatory restrictions could have an adverse effect on the

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

Fund's ability, or the ability of an ETF in which it invests, to adjust its exposure to the required levels in order for the relevant portion of the Fund to track the relevant index. In addition, because that portion of the Fund is not "actively" managed, unless a specific security is removed from the relevant index, the Fund or an ETF in which it invests generally would not sell a security because the security's issuer was in financial trouble. At times when an index-tracking strategy is used with respect to a portion of the Fund's assets, the Fund's performance could be lower than funds that may actively shift all of their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers.

**Interest Rate Risk** — When interest rates increase, fixed income securities or instruments held by a Fund will generally decline in value. Long-term fixed income securities or instruments will normally have more price volatility because of this risk than short-term fixed income securities or instruments. A wide variety of market factors can cause interest rates to rise, including central bank monetary policy, rising inflation and changes in general economic conditions. Changing interest rates may have unpredictable effects on the markets, may result in heightened market volatility and may detract from Fund performance. In addition, changes in monetary policy may exacerbate the risks associated with changing interest rates. Funds with longer average portfolio durations will generally be more sensitive to changes in interest rates than funds with a shorter average portfolio duration. Fluctuations in interest rates may also affect the liquidity of fixed income securities and instruments held by the Funds. A sudden or unpredictable increase in interest rates may cause volatility in the market and may decrease the liquidity of a Fund's investments, which would make it harder for the Fund to sell its investments at an advantageous time.

**Investment Style Risk** — Different investment styles (e.g., "growth", "value" or "quantitative") tend to shift in and out of favor depending upon market and economic conditions and investor sentiment. The Funds may outperform or underperform other funds that invest in similar asset classes but employ different investment styles.

**Large Shareholder Transactions Risk** — A Fund may experience adverse effects when certain large shareholders, such as other funds, institutional investors (including those trading by use of non-discretionary mathematical formulas), financial intermediaries (who may make investment decisions on behalf of underlying clients and/or include a Fund in their investment model), individuals, accounts and Goldman Sachs affiliates, purchase or redeem large amounts of shares of a Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause a Fund to sell portfolio securities at times when it would not otherwise do so, which may negatively impact a Fund's NAV and liquidity. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction costs. In addition, a large redemption could result in a Fund's current expenses being allocated over a smaller asset base, leading to an increase in a Fund's expense ratio. Similarly, large Fund share purchases may adversely affect a Fund's performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would.

**Leverage Risk** — Leverage creates exposure to potential gains and losses in excess of the initial amount invested. Borrowing and the use of derivatives may result in leverage and may make a Fund more volatile. When a Fund uses leverage, the sum of that Fund's investment exposure may significantly exceed the amount of assets invested in the Fund, although these exposures may vary over time. Relatively small market movements may result in large changes in the value of a leveraged investment. The use of leverage may cause a Fund to liquidate portfolio positions to satisfy its obligations when it may not be advantageous to do so. The use of leverage by a Fund can substantially increase the adverse impact to which the Fund's investment portfolio may be subject.

**Liquidity Risk** — A Fund may make investments that are illiquid or that may become less liquid in response to market developments or adverse investor perceptions. Illiquid investments may be more difficult to value. Liquidity risk may also refer to the risk that a Fund will not be able to pay redemption proceeds within the allowable time period or without significant dilution to remaining investors' interests because of unusual market conditions, declining prices of the securities sold, an unusually high volume of redemption requests, or other reasons. To meet redemption requests, a Fund may be forced to sell investments at an unfavorable time and/or under unfavorable conditions. If a Fund is forced to sell securities at an unfavorable time and/or under unfavorable conditions, such sales may adversely affect a Fund's NAV and dilute remaining investors' interests. Liquidity risk may be the result of, among other things, the reduced number and capacity of traditional market participants to make a market in fixed income securities or the lack of an active market. The potential for liquidity risk may be magnified by a rising interest rate

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

environment or other circumstances where investor redemptions from fixed income funds may be higher than normal, potentially causing increased supply in the market due to selling activity. These risks may be more pronounced in connection with the Funds' investments in securities of issuers located in emerging market countries. Redemptions by large shareholders may have a negative impact on a Fund's liquidity.

**Loan-Related Investments Risk** — In addition to risks generally associated with debt investments (e.g., interest rate risk and default risk), loan-related investments such as loan participations and assignments are subject to other risks. Although a loan obligation may be fully collateralized at the time of acquisition, the collateral may decline in value, be or become illiquid or less liquid, or lose all or substantially all of its value subsequent to investment. Many loan investments are subject to legal or contractual restrictions on resale and certain loan investments may be or become illiquid or less liquid and more difficult to value, particularly in the event of a downgrade of the loan or the borrower. There is less readily available, reliable information about most loan investments than is the case for many other types of securities. Substantial increases in interest rates may cause an increase in loan obligation defaults. With respect to loan participations, a Fund may not always have direct recourse against a borrower if the borrower fails to pay scheduled principal and/or interest; may be subject to greater delays, expenses and risks than if a Fund had purchased a direct obligation of the borrower; and may be regarded as the creditor of the agent lender (rather than the borrower), subjecting a Fund to the creditworthiness of that lender as well. Investors in loans, such as a Fund, may not be entitled to rely on the anti-fraud protections of the federal securities laws, although they may be entitled to certain contractual remedies. The market for loan obligations may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods. Because transactions in many loans are subject to extended trade settlement periods, a Fund may not receive the proceeds from the sale of a loan for a period after the sale. As a result, sale proceeds related to the sale of loans may not be available to make additional investments or to meet the Fund's redemption obligations for a period after the sale of the loans, and, as a result, a Fund may have to sell other investments or engage in borrowing transactions, such as borrowing from its credit facility, if necessary to raise cash to meet its obligations.

Senior Loans hold the most senior position in the capital structure of a business entity, and are typically secured with specific collateral, but are nevertheless usually rated below investment grade. Because Second Lien Loans are subordinated or unsecured and thus lower in priority of payment to Senior Loans, they are subject to the additional risk that the cash flow of the borrower and property securing the loan or debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior secured obligations of the borrower. Second Lien Loans generally have greater price volatility than Senior Loans and may be less liquid.

**Market and Credit Risks** — In the normal course of business, a Fund trades financial instruments and enters into financial transactions where risk of potential loss exists due to changes in the market (market risk). The value of the securities in which a Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. Events such as war, military conflict, geopolitical disputes, acts of terrorism, social or political unrest, natural disasters, recessions, inflation, rapid interest rate changes, supply chain disruptions, tariffs and other restrictions on trade, sanctions or the spread of infectious illness or other public health threats, or the threat or potential of one or more such events and developments, could also significantly impact a Fund and its investments. Additionally, a Fund may also be exposed to credit risk in the event that an issuer or guarantor fails to perform or that an institution or entity with which a Fund has unsettled or open transactions defaults.

**MAS Transactions Risk** — MAS, a business unit within GSAM, currently provides investment advisory services to certain client accounts in respect of which it has discretionary authority to effect investment decisions, as well as client accounts in respect of which it provides investment advice but does not have the discretion to effect investment decisions without the specific instruction of the clients. It is currently expected that certain MAS client accounts will invest in the Fund. Investments by MAS client accounts in the Fund may be made at any time and from time to time, could be substantial and could represent a substantial proportion of a Fund's capital. As a result of GSAM's position as Investment Adviser to a Fund and the investment advisory services provided to client accounts through MAS, GSAM may possess information relating to the Fund and MAS client accounts that it would not otherwise possess. Discretionary client accounts advised by MAS may, to the extent permitted by applicable law, purchase and redeem shares from a Fund on the basis of such knowledge, and other shareholders of a Fund, including non-discretionary client

------

GOLDMAN SACHS STRATEGIC MULTI-ASSET CLASS FUNDS

*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

accounts advised by MAS, will not be informed of such purchases or redemptions. Redemptions by discretionary client accounts advised by MAS could have an adverse effect on a Fund and its other shareholders, including non-discretionary client accounts advised by MAS. In addition, MAS may effect subscriptions to and full or partial redemptions from a Fund for discretionary client accounts in advance of receiving directions from non-discretionary client accounts regarding such clients' investments in a Fund, and non-discretionary client accounts may be adversely affected. See also "Large Shareholder Transactions Risk".

**Mid-Cap and Small-Cap Risk** — Investments in mid-capitalization and small-capitalization companies involve greater risks than those associated with larger, more established companies. These securities may be subject to more abrupt or erratic price movements and may lack sufficient market liquidity, and these issuers often face greater business risks.

**Multi-Manager Approach Risk** — The Funds' performance depends on the ability of the Investment Adviser in selecting, overseeing, and allocating Fund assets to the Underlying Managers. The Underlying Managers' investment styles may not always be complementary. The Funds' multi-manager approach may result in the Fund investing a significant percentage of its assets in certain types of investments, which could be beneficial or detrimental to the Funds' performance depending on the performance of those investments and the overall market environment. The Funds' Underlying Managers may underperform the market generally or underperform other investment managers that could have been selected for the Funds. Because the Funds' Underlying Managers may trade with counterparties, prime brokers, clearing brokers or futures commission merchants on terms that are different than those on which the Investment Adviser would trade, and because each Underlying Manager applies its own risk analysis in evaluating potential counterparties for the Funds, the Funds may be subject to greater counterparty risk than if they were managed directly by the Investment Adviser.

## 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 II

- **b. Investment Company Act file number:** 811-22781

- **c. CIK number of Registrant:** 0001557156

- **d. LEI of Registrant:** 54930076LXUZ0NBAPG06

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

  - **Street Address 1:** 200 WEST STREET

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

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

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

- **a. Name of Series:** Goldman Sachs Multi-Manager Global Equity Fund

- **b. EDGAR series identifier (if any):** S000049146

- **c. LEI of Series:** 549300QI8S6T6W4LSL44

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $2876193335.93

**Total Liabilities:** $979054747.15

**Net Assets:** $1897138588.78

**Cash Not Reported:** $994319046.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154942 | 0.15%                | 0.92%                | 2.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8693000.21              | $-8590925.26                               |
| Month 2  | $13335317.76             | $2190904.49                                |
| Month 3  | $12849063.11             | $36710533.01                               |

**Designated Index Information**

- **Index Name:** MSCI ACWI IMI (Net Total Return, USD,

- **Index Identifier:** MSC1000756

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABM Industries Inc                                      | ABM Industries Inc                                      | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |      5627 | NS      | $259067.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                             | AMN Healthcare Services Inc                             | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      8184 | NS      | $174319.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARC Resources Ltd                                       | ARC Resources Ltd                                       | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     36200 | NS      | $671812.87    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                                        | A10 Networks Inc                                        | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |      8774 | NS      | $153018.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ATS Corp                                                | ATS Corp                                                | CUSIP: 00217Y104<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | EC               | CORP              | CA        |     14750 | NS      | $419215.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                                 | AZZ Inc                                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      1998 | NS      | $248331.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                     | Abbott Laboratories                                     | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     23952 | NS      | $2617953.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Abivax SA                                               | Abivax SA                                               | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |      1998 | NS      | $222077.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc                           | Academy Sports & Outdoors Inc                           | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |      6579 | NS      | $361910.79    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                                     | Addus HomeCare Corp                                     | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      2710 | NS      | $280430.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                                               | Adeia Inc                                               | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24684 | NS      | $446533.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                               | Adobe Inc                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4272 | NS      | $1252764.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                            | Adtalem Global Education Inc                            | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      3334 | NS      | $345235.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                              | Advanced Micro Devices Inc                              | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2487 | NS      | $588747.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                          | Advanced Energy Industries Inc                          | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      5425 | NS      | $1385328.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                       | AeroVironment Inc                                       | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      2000 | NS      | $556780.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                               | Agios Pharmaceuticals Inc                               | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     18741 | NS      | $514253.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellway PLC                                             | Bellway PLC                                             | CUSIP: 000000000<br>LEI: 213800CY4L3HST4FGZ98 | Long             | EC               | CORP              | GB        |     10596 | NS      | $394329.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Balfour Beatty PLC                                      | Balfour Beatty PLC                                      | CUSIP: 000000000<br>LEI: CT4UIJ3TUKGYYHMENQ17 | Long             | EC               | CORP              | GB        |     66118 | NS      | $647448.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alamos Gold Inc                                         | Alamos Gold Inc                                         | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     12250 | NS      | $453960.27    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corp                        | Algonquin Power & Utilities Corp                        | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |     88300 | NS      | $579739.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                                   | Alkami Technology Inc                                   | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     26534 | NS      | $562255.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                                | Allegro MicroSystems Inc                                | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17456 | NS      | $644300.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                            | Alphabet Inc                                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     52589 | NS      | $17775082.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                          | Amazon.com Inc                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     55991 | NS      | $13398646.30  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cranswick PLC                                           | Cranswick PLC                                           | CUSIP: 000000000<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |      8616 | NS      | $620138.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                              | Diageo PLC                                              | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    114023 | NS      | $2623703.39   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| American International Group Inc                        | American International Group Inc                        | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     40659 | NS      | $3044545.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                            | British American Tobacco PLC                            | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    104103 | NS      | $6289238.03   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameris Bancorp                                          | Ameris Bancorp                                          | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     11075 | NS      | $892866.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                           | Amphenol Corp                                           | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     25857 | NS      | $3725476.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                               | Apple Inc                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     63116 | NS      | $16377339.68  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                                            | Appfolio Inc                                            | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      3273 | NS      | $621477.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                           | AppLovin Corp                                           | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1861 | NS      | $880457.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                                            | Archrock Inc                                            | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     10322 | NS      | $305427.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics Inc                             | Arcutis Biotherapeutics Inc                             | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21601 | NS      | $548017.37    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                               | Argenx SE                                               | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      1704 | NS      | $1432212.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corp                                        | Aris Mining Corp                                        | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |     29100 | NS      | $503503.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                     | Arista Networks Inc                                     | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     18660 | NS      | $2644868.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                                  | Standard Chartered PLC                                  | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |     61466 | NS      | $1572695.58   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc                                   | Arrow Electronics Inc                                   | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      2234 | NS      | $295982.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                             | Asbury Automotive Group Inc                             | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      2498 | NS      | $585805.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                                     | Ascendis Pharma A/S                                     | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      1544 | NS      | $349098.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                                            | AtriCure Inc                                            | CUSIP: 04963C209<br>LEI: 254900B2I6GPHK2EXM59 | Long             | EC               | CORP              | US        |     19599 | NS      | $723791.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Aveanna Healthcare Holdings Inc                         | Aveanna Healthcare Holdings Inc                         | CUSIP: 05356F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27591 | NS      | $231764.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                             | Avient Corp                                             | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     24276 | NS      | $877577.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                               | Avnet Inc                                               | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      6307 | NS      | $393493.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                                | Axcelis Technologies Inc                                | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      3678 | NS      | $323921.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                                      | Axos Financial Inc                                      | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      3476 | NS      | $344089.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/The                         | Baldwin Insurance Group Inc/The                         | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5617 | NS      | $123124.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                            | Balchem Corp                                            | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      4658 | NS      | $792651.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                    | Bank of America Corp                                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     34141 | NS      | $1816301.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bar Harbor Bankshares                                   | Bar Harbor Bankshares                                   | CUSIP: 066849100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1612 | NS      | $54662.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                                     | Barrick Mining Corp                                     | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     16083 | NS      | $735141.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                                     | UNITE Group PLC/The                                     | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |     72601 | NS      | $564645.80    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential PLC                                          | Prudential PLC                                          | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    201627 | NS      | $3311773.15   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                           | Rio Tinto PLC                                           | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     16422 | NS      | $1498249.70   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Belden Inc                                              | Belden Inc                                              | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      2757 | NS      | $323975.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                  | BP PLC                                                  | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    445357 | NS      | $2823811.17   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Benchmark Electronics Inc                               | Benchmark Electronics Inc                               | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |      5110 | NS      | $266435.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                  | Berkshire Hathaway Inc                                  | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      9966 | NS      | $4788961.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                                | Lloyds Banking Group PLC                                | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |    363498 | NS      | $542776.70    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BGC Group Inc                                           | BGC Group Inc                                           | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |     41128 | NS      | $374676.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals Inc                            | BioCryst Pharmaceuticals Inc                            | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |     65689 | NS      | $432233.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                                      | Smith & Nephew PLC                                      | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    119953 | NS      | $2044390.21   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                                      | Weir Group PLC/The                                      | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |     15913 | NS      | $702856.79    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Boeing Co/The                                           | Boeing Co/The                                           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     16052 | NS      | $3751673.44   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                    | Booking Holdings Inc                                    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       389 | NS      | $1945715.76   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                         | AstraZeneca PLC                                         | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     40561 | NS      | $7557087.07   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Boot Barn Holdings Inc                                  | Boot Barn Holdings Inc                                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      3606 | NS      | $643598.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                                        | Boyd Gaming Corp                                        | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      3414 | NS      | $288619.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GROUP INC                                          | BOYD GROUP INC                                          | CUSIP: 103310108<br>LEI: 549300FVHMLW88VSTP09 | Long             | EC               | CORP              | CA        |      4810 | NS      | $788343.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                                    | Bridgebio Pharma Inc                                    | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |      9548 | NS      | $737773.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                          | Brink's Co/The                                          | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      4434 | NS      | $563295.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                                       | Bristow Group Inc                                       | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |      4627 | NS      | $203402.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                            | Broadcom Inc                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     28652 | NS      | $9492407.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                              | Azenta Inc                                              | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     16429 | NS      | $638759.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                                | Builders FirstSource Inc                                | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      7489 | NS      | $856741.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp Inc                                      | Byline Bancorp Inc                                      | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |     10709 | NS      | $341938.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                                | CBIZ Inc                                                | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     12777 | NS      | $502774.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                                         | Cigna Group/The                                         | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      3026 | NS      | $829456.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                                     | CSW Industrials Inc                                     | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      3120 | NS      | $842337.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc                                      | Cadre Holdings Inc                                      | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |     18024 | NS      | $721140.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co                            | Canadian National Railway Co                            | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     11281 | NS      | $1085457.82   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                          | Canadian Natural Resources Ltd                          | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     43617 | NS      | $1621803.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                        | Canadian Pacific Kansas City Ltd                        | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     31535 | NS      | $2344311.90   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                        | Canadian Pacific Kansas City Ltd                        | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     34433 | NS      | $2559621.24   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                              | Capital One Financial Corp                              | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     10044 | NS      | $2198932.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Power Corp                                      | Capital Power Corp                                      | CUSIP: 14042M102<br>LEI: 549300QRKTEXGXYVPO80 | Long             | EC               | CORP              | CA        |     12180 | NS      | $534465.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                    | Capstone Copper Corp                                    | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |     48300 | NS      | $535267.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                                            | Cargurus Inc                                            | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     10967 | NS      | $355330.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                              | CarMax Inc                                              | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19201 | NS      | $855212.54    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                           | Carnival Corp                                           | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     92934 | NS      | $2789878.68   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                                     | Carrier Global Corp                                     | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     13722 | NS      | $817556.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc                            | Catalyst Pharmaceuticals Inc                            | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     12727 | NS      | $309266.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                                  | Cathay General Bancorp                                  | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     15535 | NS      | $795081.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                                    | Cavco Industries Inc                                    | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       532 | NS      | $261754.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                                         | Cemex SAB de CV                                         | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |     47167 | NS      | $588644.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co                                 | Central Garden & Pet Co                                 | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     24558 | NS      | $753193.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                              | Chipotle Mexican Grill Inc                              | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |     30155 | NS      | $1172124.85   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                              | Ciena Corp                                              | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      4217 | NS      | $1061882.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                                        | Cirrus Logic Inc                                        | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      1691 | NS      | $220404.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                                      | Cohen & Steers Inc                                      | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      9041 | NS      | $580974.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                                    | Colgate-Palmolive Co                                    | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     38052 | NS      | $3435715.08   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                             | Columbia Banking System Inc                             | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     10319 | NS      | $303791.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                                    | Commercial Metals Co                                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      4078 | NS      | $313475.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                                   | Commvault Systems Inc                                   | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      4775 | NS      | $409217.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                                         | Concentrix Corp                                         | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      4858 | NS      | $181446.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc                                  | ConnectOne Bancorp Inc                                  | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |      6358 | NS      | $169249.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                          | ConocoPhillips                                          | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     22090 | NS      | $2302440.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |      6800 | NS      | $36372.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cooper Cos Inc/The                                      | Cooper Cos Inc/The                                      | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     13721 | NS      | $1116614.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     63700 | NS      | $361907.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                             | Coupang Inc                                             | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     34365 | NS      | $692798.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                                  | Cousins Properties Inc                                  | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |      9087 | NS      | $229355.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                           | Crinetics Pharmaceuticals Inc                           | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |     12330 | NS      | $615760.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                                            | Artivion Inc                                            | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     16002 | NS      | $652401.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                             | Cummins Inc                                             | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      4240 | NS      | $2454196.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                        | Cytokinetics Inc                                        | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      6653 | NS      | $420403.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                            | Danaher Corp                                            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      4587 | NS      | $1004048.43   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                             | Datadog Inc                                             | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      9780 | NS      | $1264749.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma SAB de CV                                         | Gruma SAB de CV                                         | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |      5550 | NS      | $99938.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                      | Grupo Financiero Banorte SAB de CV                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     30631 | NS      | $346290.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                              | Deere & Co                                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2798 | NS      | $1477344.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrias Penoles SAB de CV                            | Industrias Penoles SAB de CV                            | CUSIP: 000000000<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |      3200 | NS      | $185452.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                               | Itausa SA                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |    509071 | NS      | $1321345.28   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Descartes Systems Group Inc/The                         | Descartes Systems Group Inc/The                         | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      7098 | NS      | $530646.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The                         | Descartes Systems Group Inc/The                         | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      6590 | NS      | $492150.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                  | Diamondback Energy Inc                                  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     11184 | NS      | $1833616.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                      | Walt Disney Co/The                                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     31291 | NS      | $3529624.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                            | DoorDash Inc                                            | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      6013 | NS      | $1230380.06   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                               | DoubleVerify Holdings Inc                               | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14334 | NS      | $155093.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD DKK                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-13384.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-118067.19   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-55789.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD DKK                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-5078.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-167979.93   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-253440.12   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD NOK                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-33923.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-120064.61   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-360818.97   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-204435.92   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-94718.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD NOK                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-14725.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD HKD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $6888.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-4550.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-109307.43   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD SGD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-12621.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD ILS                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-13226.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-213548.56   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-9750.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD ILS                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-25697.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD CHF                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-117224.31   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD SGD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-6128.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD CHF                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-260651.71   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD HKD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $14290.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dover Corp                                              | Dover Corp                                              | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      3822 | NS      | $770094.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                                            | Ducommun Inc                                            | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      7141 | NS      | $809432.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                                  | Grupo Mexico SAB de CV                                  | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |     35700 | NS      | $396405.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                      | Petroleo Brasileiro SA - Petrobras                      | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |    197100 | NS      | $1414183.84   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp                                                | EQT Corp                                                | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     19136 | NS      | $1104721.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED SEK / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | SE        |         1 | NC      | $-29811.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-929.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED SGD / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | SG        |         1 | NC      | $-12332.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED NOK / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | NO        |         1 | NC      | $1464.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED HKD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | HK        |         1 | NC      | $-1853.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | GB        |         1 | NC      | $-58935.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED SEK / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | SE        |         1 | NC      | $-13852.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED CHF / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | CH        |         1 | NC      | $-109895.13   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | AU        |         1 | NC      | $4548.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $126525.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD HKD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $3693.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | XX        |         1 | NC      | $-200585.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD CHF                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $49956.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD DKK                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $27980.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD NOK                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-1462.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED AUD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | AU        |         1 | NC      | $2117.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | JP        |         1 | NC      | $-369533.17   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED NOK / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | NO        |         1 | NC      | $3374.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD HKD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $1780.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $435039.33    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $13975.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD SEK                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $30075.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD GBP                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $58942.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED DKK / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | DK        |         1 | NC      | $-27758.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD NOK                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-3368.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED SGD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | SG        |         1 | NC      | $-5988.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED JPY / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | JP        |         1 | NC      | $-189150.03   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED DKK / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | DK        |         1 | NC      | $-10533.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED HKD / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | HK        |         1 | NC      | $-3844.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $190641.79    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD SGD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $12466.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD DKK                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $10617.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD ILS                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-1230.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED NZD / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | NZ        |         1 | NC      | $441.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD NZD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-433.56      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD SGD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $6053.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED CHF / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | CH        |         1 | NC      | $-49423.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED EUR / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | XX        |         1 | NC      | $-432934.19   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD CHF                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $111079.97    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD ILS                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-2391.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED NZD / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | NZ        |         1 | NC      | $945.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-2044.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $201560.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED ILS / SOLD USD                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | IL        |         1 | NC      | $1204.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED GBP / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | GB        |         1 | NC      | $-126508.81   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED ILS / SOLD USD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | IL        |         1 | NC      | $2340.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD JPY                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $372447.53    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | PURCHASED USD / SOLD AUD                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $-4392.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Brown Brothers Harriman & Co.                           | PURCHASED ZAR / SOLD USD                                | CUSIP: 000000000<br>LEI: 5493006KMX1VFTPYPW14 | N/A              | DFE              |  | ZA        |         1 | NC      | $-2531.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Northern Trust Co.                                      | PURCHASED USD / SOLD ZAR                                | CUSIP: 000000000<br>LEI: 6PTKHDJ8HDUF78PFWH30 | N/A              | DFE              |  | US        |         1 | NC      | $1872.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Element Solutions Inc                                   | Element Solutions Inc                                   | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |      8695 | NS      | $253024.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                                  | Employers Holdings Inc                                  | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4114 | NS      | $179452.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                                 | EnerSys                                                 | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      3426 | NS      | $617330.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                                 | Enerpac Tool Group Corp                                 | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     19629 | NS      | $792226.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Chile SA                                           | Enel Chile SA                                           | CUSIP: 29278D105<br>LEI: 549300YM5CWCAUVOPB53 | Long             | EC               | CORP              | CL        |     47039 | NS      | $204149.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                            | Entegris Inc                                            | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     17853 | NS      | $2107903.71   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                  | Equitable Holdings Inc                                  | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     19565 | NS      | $907816.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc                   | Essential Properties Realty Trust Inc                   | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |      6226 | NS      | $189021.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                                   | Euronet Worldwide Inc                                   | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      2508 | NS      | $181729.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc                                             | EVERTEC Inc                                             | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |      5634 | NS      | $169076.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                                 | Extra Space Storage Inc                                 | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     11536 | NS      | $1591621.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                        | Exxon Mobil Corp                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     24945 | NS      | $3527223.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                                       | FB Financial Corp                                       | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |      9310 | NS      | $535604.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                                      | FTI Consulting Inc                                      | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |       782 | NS      | $136591.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                      | Meta Platforms Inc                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     11616 | NS      | $8322864.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp                      | Federal Agricultural Mortgage Corp                      | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |      2261 | NS      | $382787.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                            | Barclays PLC                                            | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    643987 | NS      | $4298013.37   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| FedEx Corp                                              | FedEx Corp                                              | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      3238 | NS      | $1043445.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                                | Ferguson Enterprises Inc                                | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     12473 | NS      | $3148933.58   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp                                    | First Advantage Corp                                    | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |     22338 | NS      | $301563.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                           | First American Financial Corp                           | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      6705 | NS      | $423621.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines NC                         | First Bancorp/Southern Pines NC                         | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5430 | NS      | $314559.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                       | First Industrial Realty Trust Inc                       | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |      4212 | NS      | $244422.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Mid Bancshares Inc                                | First Mid Bancshares Inc                                | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3250 | NS      | $136825.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc                        | First Watch Restaurant Group Inc                        | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50463 | NS      | $806903.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                                  | FirstCash Holdings Inc                                  | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5141 | NS      | $876540.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                           | Frontdoor Inc                                           | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     10042 | NS      | $593582.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                                       | General Mills Inc                                       | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     36332 | NS      | $1680718.32   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                       | General Motors Co                                       | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      9440 | NS      | $792960.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                                | Gibraltar Industries Inc                                | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3896 | NS      | $199708.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibson Energy Inc                                       | Gibson Energy Inc                                       | CUSIP: 374825206<br>LEI: 549300WYW5D9I3FR0643 | Long             | EC               | CORP              | CA        |     31000 | NS      | $610369.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc                                   | Gildan Activewear Inc                                   | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     10210 | NS      | $663370.69    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                                     | Glacier Bancorp Inc                                     | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     10707 | NS      | $542630.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                      | Globus Medical Inc                                      | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     12055 | NS      | $1093147.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                         | Gold Fields Ltd                                         | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     22413 | NS      | $1123339.56   | 0.06%             |  |  |  | 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        |  62287369 | NS      | $62287369.38  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund          | Goldman Sachs Financial Square Government Fund          | CUSIP: 38148U619<br>LEI: 549300BRJMXN4GUWZ402 | Long             | EC               | RF                | US        |  61460718 | NS      | $61460718.15  | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                              | Grand Canyon Education Inc                              | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      7408 | NS      | $1287806.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                                | Granite Construction Inc                                | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |      5007 | NS      | $604545.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc                                | Green Brick Partners Inc                                | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |      2293 | NS      | $159111.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                            | Griffon Corp                                            | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      4580 | NS      | $373041.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                                  | Group 1 Automotive Inc                                  | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      1126 | NS      | $398896.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc                          | Guardian Pharmacy Services Inc                          | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12067 | NS      | $364423.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                                    | Gulfport Energy Corp                                    | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      2838 | NS      | $579434.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                                | HNI Corp                                                | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |      5600 | NS      | $267624.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                                        | Haemonetics Corp                                        | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      3560 | NS      | $237309.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                     | LVMH Moet Hennessy Louis Vuitton SE                     | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      5276 | NS      | $3405152.94   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Halozyme Therapeutics Inc                               | Halozyme Therapeutics Inc                               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     14610 | NS      | $1047683.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                                     | Intesa Sanpaolo SpA                                     | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    398517 | NS      | $2821254.42   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hancock Whitney Corp                                    | Hancock Whitney Corp                                    | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      6409 | NS      | $440939.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc                        | Harmony Biosciences Holdings Inc                        | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7964 | NS      | $290845.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                            | Capgemini SE                                            | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     32216 | NS      | $5005659.29   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlsberg AS                                            | Carlsberg AS                                            | CUSIP: 000000000<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |     14943 | NS      | $2031487.98   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HealthEquity Inc                                        | HealthEquity Inc                                        | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      7629 | NS      | $653576.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc                        | Helix Energy Solutions Group Inc                        | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |      4293 | NS      | $34086.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp                                  | Heritage Commerce Corp                                  | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     18569 | NS      | $236383.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp/WA                              | Heritage Financial Corp/WA                              | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7283 | NS      | $187974.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                                  | Hillman Solutions Corp                                  | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60136 | NS      | $563474.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                                  | Home BancShares Inc/AR                                  | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11255 | NS      | $325269.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp                              | Horace Mann Educators Corp                              | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     14835 | NS      | $664756.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                      | Houlihan Lokey Inc                                      | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      5454 | NS      | $918017.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                    | Howmet Aerospace Inc                                    | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      9820 | NS      | $2043345.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| H World Group Ltd                                       | H World Group Ltd                                       | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |      2734 | NS      | $129892.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                             | HubSpot Inc                                             | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      9827 | NS      | $2751560.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                              | Huron Consulting Group Inc                              | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      2595 | NS      | $438555.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                                 | ITT Inc                                                 | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      5990 | NS      | $1091977.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                          | ICICI Bank Ltd                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     64429 | NS      | $1887125.41   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                             | IDACORP Inc                                             | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      5287 | NS      | $702060.73    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                            | Illumina Inc                                            | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     16405 | NS      | $2375608.05   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                           | Independence Realty Trust Inc                           | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |     35618 | NS      | $594820.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp                                   | Independent Bank Corp                                   | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      7556 | NS      | $610373.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                                      | Ingersoll Rand Inc                                      | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     11342 | NS      | $976432.78    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                           | Ingredion Inc                                           | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      2603 | NS      | $307414.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                                 | Insight Enterprises Inc                                 | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      1441 | NS      | $121072.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc                         | Installed Building Products Inc                         | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       458 | NS      | $131968.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corp                                   | Intact Financial Corp                                   | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      5063 | NS      | $921799.53    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                                              | Intapp Inc                                              | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19978 | NS      | $678253.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                           | Intercontinental Exchange Inc                           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     12245 | NS      | $2127936.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                                        | InterDigital Inc                                        | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1147 | NS      | $374426.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                                  | International Paper Co                                  | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     28565 | NS      | $1151740.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                              | Intuit Inc                                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      6503 | NS      | $3244476.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                  | Intuitive Surgical Inc                                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      6582 | NS      | $3318776.04   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                  | iShares Core MSCI Emerging Markets ETF                  | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |     26000 | NS      | $1886560.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Saudi Arabia ETF                           | iShares MSCI Saudi Arabia ETF                           | CUSIP: 46434V423<br>LEI: 5493004P512V6ELEIL59 | Long             | EC               | RF                | US        |     24655 | NS      | $982748.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JOYY Inc                                                | JOYY Inc                                                | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             | EC               | CORP              | KY        |      2684 | NS      | $172715.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                     | JPMorgan Chase & Co                                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      9265 | NS      | $2834070.85   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VTB Bank PJSC                                           | VTB Bank PJSC                                           | CUSIP: 46630Q202<br>LEI: 253400V1H6ART1UQ0N98 | Long             | EC               | CORP              | RU        |     23847 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Pernod Ricard SA                                        | Pernod Ricard SA                                        | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     17464 | NS      | $1561572.20   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Janus International Group Inc                           | Janus International Group Inc                           | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30343 | NS      | $208152.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                                              | Merck KGaA                                              | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |     16355 | NS      | $2436775.15   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KBR Inc                                                 | KBR Inc                                                 | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |      6969 | NS      | $298342.89    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                                   | Schneider Electric SE                                   | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     14353 | NS      | $4115031.43   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                  | SAP SE                                                  | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     39240 | NS      | $7838910.78   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Trelleborg AB                                           | Trelleborg AB                                           | CUSIP: 000000000<br>LEI: 213800XY16PAWG2PAD14 | Long             | EC               | CORP              | SE        |     12513 | NS      | $506353.85    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KeyCorp                                                 | KeyCorp                                                 | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     36262 | NS      | $780358.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                              | Samsung Electronics Co Ltd                              | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      1195 | NS      | $3289739.92   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                 | E.ON SE                                                 | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     40396 | NS      | $855436.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                                     | Kimberly-Clark Corp                                     | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     12368 | NS      | $1236676.32   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                              | Korn Ferry                                              | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |      3291 | NS      | $228625.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                          | LCI Industries                                          | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |      1614 | NS      | $236757.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                               | L3Harris Technologies Inc                               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      3190 | NS      | $1093691.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                                    | Labcorp Holdings Inc                                    | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4573 | NS      | $1241660.96   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                            | La-Z-Boy Inc                                            | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |      9446 | NS      | $343928.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                           | Beiersdorf AG                                           | CUSIP: 000000000<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |     17596 | NS      | $2098839.47   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Landstar System Inc                                     | Landstar System Inc                                     | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      1324 | NS      | $197752.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV                                    | ASM International NV                                    | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      2042 | NS      | $1714939.40   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Latam Airlines Group SA                                 | Latam Airlines Group SA                                 | CUSIP: 51817R205<br>LEI: 549300HX3UUDPEFTG707 | Long             | EC               | CORP              | CL        |      4162 | NS      | $273901.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                              | Lattice Semiconductor Corp                              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     16281 | NS      | $1310946.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc                                  | Laureate Education Inc                                  | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     20980 | NS      | $719614.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                               | Lear Corp                                               | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      2012 | NS      | $235585.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Legalzoom.com Inc                                       | Legalzoom.com Inc                                       | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     27174 | NS      | $241576.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                                            | Legence Corp                                            | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13370 | NS      | $627186.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                                     | Erste Group Bank AG                                     | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      6075 | NS      | $789804.07    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ligand Pharmaceuticals Inc                              | Ligand Pharmaceuticals Inc                              | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      3074 | NS      | $590515.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                          | Eli Lilly & Co                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      7892 | NS      | $8185187.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                          | Rheinmetall AG                                          | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       817 | NS      | $1731097.36   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Littelfuse Inc                                          | Littelfuse Inc                                          | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |       569 | NS      | $184219.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                                   | LiveRamp Holdings Inc                                   | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     10657 | NS      | $259497.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kering SA                                               | Kering SA                                               | CUSIP: 000000000<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |     19233 | NS      | $6004112.59   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc                 | MACOM Technology Solutions Holdings Inc                 | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6915 | NS      | $1514799.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Securitas AB                                            | Securitas AB                                            | CUSIP: 000000000<br>LEI: 635400TTYKE8EIWDS617 | Long             | EC               | CORP              | SE        |     29126 | NS      | $481653.66    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Steven Madden Ltd                                       | Steven Madden Ltd                                       | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |      5308 | NS      | $232915.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                             | Magnite Inc                                             | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     33673 | NS      | $487248.31    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                                 | Magnolia Oil & Gas Corp                                 | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26811 | NS      | $683948.61    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sopra Steria Group                                      | Sopra Steria Group                                      | CUSIP: 000000000<br>LEI: 96950020QIOHAAK9V551 | Long             | EC               | CORP              | FR        |      2756 | NS      | $503424.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                           | Nemetschek SE                                           | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |      4415 | NS      | $385757.73    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| thyssenkrupp AG                                         | thyssenkrupp AG                                         | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |     54028 | NS      | $720232.38    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                               | Sanofi SA                                               | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     28013 | NS      | $2642288.15   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                           | Martin Marietta Materials Inc                           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1774 | NS      | $1156559.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG Immobilien AG                                       | TAG Immobilien AG                                       | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |     36909 | NS      | $626173.75    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                        | Deutsche Bank AG                                        | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     37000 | NS      | $1460060.25   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                                          | Mastercard Inc                                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      9306 | NS      | $5013979.74   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                                         | Masterbrand Inc                                         | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     19350 | NS      | $234522.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                                    | Matador Resources Co                                    | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     15224 | NS      | $688733.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                              | Matson Inc                                              | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      2546 | NS      | $408123.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                             | Maximus Inc                                             | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      3919 | NS      | $370110.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ORLEN SA                                                | ORLEN SA                                                | CUSIP: 000000000<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |      6200 | NS      | $188433.99    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                     | Deutsche Telekom AG                                     | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     93800 | NS      | $3147764.17   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Pediatrix Medical Group Inc                             | Pediatrix Medical Group Inc                             | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9355 | NS      | $200009.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                        | MercadoLibre Inc                                        | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2053 | NS      | $4409412.87   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                                | Infineon Technologies AG                                | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     68077 | NS      | $3327773.13   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Methanex Corp                                           | Methanex Corp                                           | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |      7857 | NS      | $374936.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                             | MetLife Inc                                             | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     19032 | NS      | $1501244.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                          | Microsoft Corp                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     37564 | NS      | $16163413.56  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA                                     | Societe Generale SA                                     | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     27924 | NS      | $2446964.34   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                               | Zurich Insurance Group AG                               | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |      3370 | NS      | $2397491.34   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                                  | Koninklijke Philips NV                                  | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    102874 | NS      | $2954110.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangxi Copper Co Ltd                                   | Jiangxi Copper Co Ltd                                   | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |     56300 | NS      | $336346.27    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                             | Abu Dhabi Islamic Bank PJSC                             | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    109650 | NS      | $727214.65    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                                  | Accton Technology Corp                                  | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     56700 | NS      | $1982415.68   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Amano Corp                                              | Amano Corp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14700 | NS      | $373079.66    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Minerals Technologies Inc                               | Minerals Technologies Inc                               | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |      8204 | NS      | $539495.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMMB Holdings Bhd                                       | AMMB Holdings Bhd                                       | CUSIP: 000000000<br>LEI: 254900R0GQB7U67SCH62 | Long             | EC               | CORP              | MY        |    372300 | NS      | $608900.43    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Asustek Computer Inc                                    | Asustek Computer Inc                                    | CUSIP: 000000000<br>LEI: 254900B3WB4OGRB7HM13 | Long             | EC               | CORP              | TW        |     21950 | NS      | $344829.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp                              | Realtek Semiconductor Corp                              | CUSIP: 000000000<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |     36700 | NS      | $561502.17    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ADEKA Corp                                              | ADEKA Corp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24200 | NS      | $719328.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Bank PCL                                        | Bangkok Bank PCL                                        | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | EC               | CORP              | TH        |    189350 | NS      | $949875.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Modine Manufacturing Co                                 | Modine Manufacturing Co                                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      1299 | NS      | $239873.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LY Corp                                                 | LY Corp                                                 | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    488900 | NS      | $1251789.32   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MongoDB Inc                                             | MongoDB Inc                                             | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      3312 | NS      | $1229844.96   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                            | Monolithic Power Systems Inc                            | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      2913 | NS      | $3274648.95   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                                 | Reliance Industries Ltd                                 | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     16194 | NS      | $246066.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of India                                           | Bank of India                                           | CUSIP: 000000000<br>LEI: 21380058KMSRJIL8C294 | Long             | EC               | CORP              | IN        |    145900 | NS      | $260663.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                                 | Mahindra & Mahindra Ltd                                 | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     19946 | NS      | $744777.66    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Petroleum Corp Ltd                            | Hindustan Petroleum Corp Ltd                            | CUSIP: 000000000<br>LEI: 335800DWLXIP7HFFY564 | Long             | EC               | CORP              | IN        |     50200 | NS      | $233007.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd      | Gujarat Narmada Valley Fertilizers & Chemicals Ltd      | CUSIP: 000000000<br>LEI: 335800CLY1JH3J6OZH70 | Long             | EC               | CORP              | IN        |     13702 | NS      | $69597.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Integrated Services Co Ltd                       | United Integrated Services Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     17050 | NS      | $486200.57    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Holdings & Investment Ltd                         | Bajaj Holdings & Investment Ltd                         | CUSIP: 000000000<br>LEI: 335800NL7NWD9IPOHL48 | Long             | EC               | CORP              | IN        |      3450 | NS      | $405290.37    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunonwealth Electric Machine Industry Co Ltd            | Sunonwealth Electric Machine Industry Co Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     46700 | NS      | $210030.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd                                             | Vedanta Ltd                                             | CUSIP: 000000000<br>LEI: 335800XDKX9KB5EMCO07 | Long             | EC               | CORP              | IN        |     75150 | NS      | $555793.82    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil & Natural Gas Corp Ltd                              | Oil & Natural Gas Corp Ltd                              | CUSIP: 000000000<br>LEI: 335800FPDZ9MRSNO7N41 | Long             | EC               | CORP              | IN        |    291450 | NS      | $854423.46    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| National Aluminium Co Ltd                               | National Aluminium Co Ltd                               | CUSIP: 000000000<br>LEI: 335800OM1V78CX7SSC72 | Long             | EC               | CORP              | IN        |     50900 | NS      | $212093.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Vernova T&D India Ltd                                | GE Vernova T&D India Ltd                                | CUSIP: 000000000<br>LEI: 549300NMRD6VZDFLN355 | Long             | EC               | CORP              | IN        |     14200 | NS      | $498657.53    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lupin Ltd                                               | Lupin Ltd                                               | CUSIP: 000000000<br>LEI: 335800HHXTESDEE2FC65 | Long             | EC               | CORP              | IN        |     26400 | NS      | $618658.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Fire & Marine Insurance Co Ltd                  | Samsung Fire & Marine Insurance Co Ltd                  | CUSIP: 000000000<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |      2469 | NS      | $859364.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ooredoo QPSC                                            | Ooredoo QPSC                                            | CUSIP: 000000000<br>LEI: 549300D3EIDZJB62TR20 | Long             | EC               | CORP              | QA        |     33700 | NS      | $131430.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirvac Group                                            | Mirvac Group                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    442115 | NS      | $613994.31    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Canon Marketing Japan Inc                               | Canon Marketing Japan Inc                               | CUSIP: 000000000<br>LEI: 529900WMTZBIIROD5K97 | Long             | EC               | CORP              | JP        |     10800 | NS      | $471188.98    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G Corp                                               | KT&G Corp                                               | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |      1277 | NS      | $136536.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                                  | DBS Group Holdings Ltd                                  | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     46350 | NS      | $2154457.13   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakao Corp                                              | Kakao Corp                                              | CUSIP: 000000000<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |      4500 | NS      | $191269.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kose Holdings Corp                                      | Kose Holdings Corp                                      | CUSIP: 000000000<br>LEI: 353800NX4GGAVDHHY664 | Long             | EC               | CORP              | JP        |     13700 | NS      | $488762.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC Ltd                                               | CITIC Ltd                                               | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | EC               | CORP              | HK        |    320000 | NS      | $511417.60    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                             | Infosys Ltd                                             | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     33750 | NS      | $603661.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                          | Chroma ATE Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     10500 | NS      | $322417.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lenovo Group Ltd                                        | Lenovo Group Ltd                                        | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |    348100 | NS      | $392208.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Compal Electronics Inc                                  | Compal Electronics Inc                                  | CUSIP: 000000000<br>LEI: 529900ZPKWFDL21LW166 | Long             | EC               | CORP              | TW        |    134300 | NS      | $138606.63    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk PT                                  | United Tractors Tbk PT                                  | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |     87500 | NS      | $136312.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RHB Bank Bhd                                            | RHB Bank Bhd                                            | CUSIP: 000000000<br>LEI: 549300ZHRPSV7QIUJT80 | Long             | EC               | CORP              | MY        |    310493 | NS      | $665408.71    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                               | KDDI Corp                                               | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |     87500 | NS      | $1477347.90   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                                   | Daikin Industries Ltd                                   | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     14600 | NS      | $1749523.52   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai Nippon Printing Co Ltd                              | Dai Nippon Printing Co Ltd                              | CUSIP: 000000000<br>LEI: 529900S7NFNQ4FT6OP83 | Long             | EC               | CORP              | JP        |     35900 | NS      | $644125.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SCREEN Holdings Co Ltd                                  | SCREEN Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |      4900 | NS      | $624029.69    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp Ltd                                     | Indian Oil Corp Ltd                                     | CUSIP: 000000000<br>LEI: 335800J8OBWE4VFUDG88 | Long             | EC               | CORP              | IN        |    421850 | NS      | $749173.30    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                                   | Delta Electronics Inc                                   | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    140900 | NS      | $5377069.94   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd                      | Hong Kong Exchanges & Clearing Ltd                      | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     18700 | NS      | $1030951.08   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Murphy USA Inc                                          | Murphy USA Inc                                          | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |       766 | NS      | $323642.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                         | Gold Fields Ltd                                         | CUSIP: 000000000<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     11913 | NS      | $589153.06    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                                 | Dubai Islamic Bank PJSC                                 | CUSIP: 000000000<br>LEI: 5493003E7YRAQY3JGW88 | Long             | EC               | CORP              | AE        |     59300 | NS      | $156005.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanya Technology Corp                                   | Nanya Technology Corp                                   | CUSIP: 000000000<br>LEI: 254900STKVKJBRRO0835 | Long             | EC               | CORP              | TW        |     22200 | NS      | $224724.71    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TV Asahi Holdings Corp                                  | TV Asahi Holdings Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     34700 | NS      | $802509.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NCR Voyix Corp                                          | NCR Voyix Corp                                          | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     17623 | NS      | $174820.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Remgro Ltd                                              | Remgro Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     12100 | NS      | $136932.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NGEx Minerals Ltd                                       | NGEx Minerals Ltd                                       | CUSIP: 62930A102<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |     27100 | NS      | $560449.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                                 | NVR Inc                                                 | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       124 | NS      | $946830.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Enerbility Co Ltd                                | Doosan Enerbility Co Ltd                                | CUSIP: 000000000<br>LEI: 988400TK5NA3GLSTN506 | Long             | EC               | CORP              | KR        |      2100 | NS      | $131094.61    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tripod Technology Corp                                  | Tripod Technology Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     11200 | NS      | $131995.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd                                   | Elite Material Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     20400 | NS      | $1106546.92   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Natera Inc                                              | Natera Inc                                              | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |      7489 | NS      | $1731007.46   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Far Eastern New Century Corp                            | Far Eastern New Century Corp                            | CUSIP: 000000000<br>LEI: 254900CDLU5OS06M6K24 | Long             | EC               | CORP              | TW        |    167750 | NS      | $147701.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuso Chemical Co Ltd                                    | Fuso Chemical Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15100 | NS      | $727786.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Flight Centre Travel Group Ltd                          | Flight Centre Travel Group Ltd                          | CUSIP: 000000000<br>LEI: 254900BGNUI78EKEJY68 | Long             | EC               | CORP              | AU        |     58037 | NS      | $650900.93    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJIFILM Holdings Corp                                  | FUJIFILM Holdings Corp                                  | CUSIP: 000000000<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |     63500 | NS      | $1268428.99   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp                                              | FANUC Corp                                              | CUSIP: 000000000<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     93700 | NS      | $3762483.53   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| National Health Investors Inc                           | National Health Investors Inc                           | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               |  | US        |      8657 | NS      | $710912.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                            | MediaTek Inc                                            | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     18350 | NS      | $1017884.33   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LS Corp                                                 | LS Corp                                                 | CUSIP: 000000000<br>LEI: 988400SQWZ34LADYL505 | Long             | EC               | CORP              | KR        |       800 | NS      | $126155.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                          | Shinhan Financial Group Co Ltd                          | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |     36186 | NS      | $2114844.62   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NeoGenomics Inc                                         | NeoGenomics Inc                                         | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37605 | NS      | $453516.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                             | Netflix Inc                                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     20664 | NS      | $1725237.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Info Service PCL                               | Advanced Info Service PCL                               | CUSIP: 000000000<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |     47800 | NS      | $530121.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                              | Aluminum Corp of China Ltd                              | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |     80950 | NS      | $141344.40    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                                             | Hitachi Ltd                                             | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    131700 | NS      | $4570004.26   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Viper Energy Inc                                        | Viper Energy Inc                                        | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5308 | NS      | $224740.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd                       | Hon Hai Precision Industry Co Ltd                       | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |    181200 | NS      | $1252530.37   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd                               | Capitec Bank Holdings Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      2647 | NS      | $710702.58    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                               | Hoya Corp                                               | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      6000 | NS      | $1006534.90   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                                       | Bharti Airtel Ltd                                       | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     37494 | NS      | $804132.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd     | HD Korea Shipbuilding & Offshore Engineering Co Ltd     | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |       800 | NS      | $229146.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                            | SK hynix Inc                                            | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     16483 | NS      | $10291606.62  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co                                        | Hyundai Motor Co                                        | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      4485 | NS      | $1561252.99   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc           | International Container Terminal Services Inc           | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |     42970 | NS      | $470647.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Financial Ltd                                   | Phoenix Financial Ltd                                   | CUSIP: 000000000<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |     14420 | NS      | $699913.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Steel Co                                        | Hyundai Steel Co                                        | CUSIP: 000000000<br>LEI: 9884006EYA94IB2C3132 | Long             | EC               | CORP              | KR        |     10350 | NS      | $224628.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd                          | Galaxy Entertainment Group Ltd                          | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |     76700 | NS      | $389694.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Organo Corp                                             | Organo Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7900 | NS      | $834171.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Steel Works Ltd/The                               | Japan Steel Works Ltd/The                               | CUSIP: 000000000<br>LEI: 529900AWFTILIHHO0936 | Long             | EC               | CORP              | JP        |      8800 | NS      | $487103.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamigumi Co Ltd                                         | Kamigumi Co Ltd                                         | CUSIP: 000000000<br>LEI: 3538004KUWA3850MUC05 | Long             | EC               | CORP              | JP        |     18400 | NS      | $643922.55    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kandenko Co Ltd                                         | Kandenko Co Ltd                                         | CUSIP: 000000000<br>LEI: 35380080NSN7GCYZ3X14 | Long             | EC               | CORP              | JP        |     19700 | NS      | $709246.89    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotobuki Spirits Co Ltd                                 | Kotobuki Spirits Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32600 | NS      | $378611.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp                                                | Kia Corp                                                | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     12221 | NS      | $1300352.82   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinden Corp                                             | Kinden Corp                                             | CUSIP: 000000000<br>LEI: 35380008T6JUN5TU9T34 | Long             | EC               | CORP              | JP        |     15800 | NS      | $699149.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Bank & Trust Co                            | Metropolitan Bank & Trust Co                            | CUSIP: 000000000<br>LEI: 549300SQYI82RVWFN715 | Long             | EC               | CORP              | PH        |     66300 | NS      | $82198.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lite-On Technology Corp                                 | Lite-On Technology Corp                                 | CUSIP: 000000000<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |     71900 | NS      | $369578.79    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Electronics Inc                                      | LG Electronics Inc                                      | CUSIP: 000000000<br>LEI: 988400RMQFTGZIOG0609 | Long             | EC               | CORP              | KR        |      8700 | NS      | $596504.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd                           | Geely Automobile Holdings Ltd                           | CUSIP: 000000000<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |    385700 | NS      | $793960.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nicolet Bankshares Inc                                  | Nicolet Bankshares Inc                                  | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2870 | NS      | $418962.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Vital Components Co Ltd                            | Asia Vital Components Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      6900 | NS      | $313484.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                          | Abu Dhabi Commercial Bank PJSC                          | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | EC               | CORP              | AE        |     75079 | NS      | $311419.92    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd                                     | Malayan Banking Bhd                                     | CUSIP: 000000000<br>LEI: 5493004OT3TOY404V310 | Long             | EC               | CORP              | MY        |    158700 | NS      | $474969.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc                     | Sumitomo Mitsui Financial Group Inc                     | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    116900 | NS      | $4113763.32   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN Group Ltd                                           | MTN Group Ltd                                           | CUSIP: 000000000<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     94600 | NS      | $1050492.72   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MPI Corp                                                | MPI Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2300 | NS      | $181766.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Bank of India Ltd                                 | Union Bank of India Ltd                                 | CUSIP: 000000000<br>LEI: 5493000P4HD6132SQ711 | Long             | EC               | CORP              | IN        |    139650 | NS      | $274867.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| First Financial Holding Co Ltd                          | First Financial Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |    211047 | NS      | $192668.58    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Saison Co Ltd                                    | Credit Saison Co Ltd                                    | CUSIP: 000000000<br>LEI: 529900SV58ZWTGRH3A66 | Long             | EC               | CORP              | JP        |     16000 | NS      | $431969.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sojitz Corp                                             | Sojitz Corp                                             | CUSIP: 000000000<br>LEI: 5493004SE33MRLPB1W98 | Long             | EC               | CORP              | JP        |     23200 | NS      | $845995.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp                                | Mitsubishi Electric Corp                                | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |    100800 | NS      | $3151198.61   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Ltd                         | Mitsubishi Heavy Industries Ltd                         | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    105092 | NS      | $3094321.55   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Divi's Laboratories Ltd                                 | Divi's Laboratories Ltd                                 | CUSIP: 000000000<br>LEI: 335800C1DHFG1C9T1M03 | Long             | EC               | CORP              | IN        |      1956 | NS      | $128863.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co Ltd                             | Murata Manufacturing Co Ltd                             | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |      7700 | NS      | $156429.73    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Renesas Electronics Corp                                | Renesas Electronics Corp                                | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    332400 | NS      | $5526300.71   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Nifco Inc/Japan                                         | Nifco Inc/Japan                                         | CUSIP: 000000000<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |     21100 | NS      | $656926.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                         | Nintendo Co Ltd                                         | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     31739 | NS      | $1965453.66   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp                                              | Denso Corp                                              | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    116600 | NS      | $1617797.23   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NOF Corp                                                | NOF Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29600 | NS      | $571708.58    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Northeast Bank                                          | Northeast Bank                                          | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      3318 | NS      | $382333.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                             | Bank Mandiri Persero Tbk PT                             | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |   1160400 | NS      | $333900.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Investment Holdings Co Ltd                        | Korea Investment Holdings Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4400 | NS      | $658216.41    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                                            | Olympus Corp                                            | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    117500 | NS      | $1403479.29   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Northwestern Energy Group Inc                           | Northwestern Energy Group Inc                           | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     13896 | NS      | $942982.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pou Chen Corp                                           | Pou Chen Corp                                           | CUSIP: 000000000<br>LEI: 25490027LIXQ7W4PBH18 | Long             | EC               | CORP              | TW        |    381700 | NS      | $368944.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Novanta Inc                                             | Novanta Inc                                             | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7401 | NS      | $995730.54    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Press Metal Aluminium Holdings Bhd                      | Press Metal Aluminium Holdings Bhd                      | CUSIP: 000000000<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | EC               | CORP              | MY        |    192200 | NS      | $368433.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolipetsk Steel PJSC                                  | Novolipetsk Steel PJSC                                  | CUSIP: 67011E204<br>LEI: 213800913TPW32I84456 | Long             | EC               | CORP              | RU        |      3393 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DNOW Inc                                                | DNOW Inc                                                | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     10170 | NS      | $154482.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                              | Nucor Corp                                              | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     17151 | NS      | $3048075.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC Property & Casualty Co Ltd                         | PICC Property & Casualty Co Ltd                         | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |    211650 | NS      | $438157.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                             | NVIDIA Corp                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    125028 | NS      | $23896601.64  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                                         | OGE Energy Corp                                         | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      3911 | NS      | $170832.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                                         | OSI Systems Inc                                         | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |       967 | NS      | $241885.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chenbro Micom Co Ltd                                    | Chenbro Micom Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     13100 | NS      | $373836.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PLS Group Ltd                                           | PLS Group Ltd                                           | CUSIP: 000000000<br>LEI: 5299000VV1CZVF5K9C16 | Long             | EC               | CORP              | AU        |    196208 | NS      | $575709.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wall Motor Co Ltd                                 | Great Wall Motor Co Ltd                                 | CUSIP: 000000000<br>LEI: 254900CR8AHWTMFZHH60 | Long             | EC               | CORP              | CN        |    121700 | NS      | $206413.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADATA Technology Co Ltd                                 | ADATA Technology Co Ltd                                 | CUSIP: 000000000<br>LEI: 254900HGW1A8G9AY5447 | Long             | EC               | CORP              | TW        |     23500 | NS      | $265976.13    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co Ltd                             | China Life Insurance Co Ltd                             | CUSIP: 000000000<br>LEI: 549300J6TFLDXGH6S048 | Long             | EC               | CORP              | CN        |     46500 | NS      | $206936.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS Motor Co Ltd                                        | TVS Motor Co Ltd                                        | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |     30150 | NS      | $1206883.42   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chord Energy Corp                                       | Chord Energy Corp                                       | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      5070 | NS      | $508216.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co Ltd                                    | Weichai Power Co Ltd                                    | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |    146000 | NS      | $494885.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Oceaneering International Inc                           | Oceaneering International Inc                           | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |      5621 | NS      | $169192.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp                               | OceanFirst Financial Corp                               | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28708 | NS      | $538275.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd                                   | Valterra Platinum Ltd                                   | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      3600 | NS      | $323453.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                                | SMC Corp                                                | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      8300 | NS      | $3226801.47   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung E&A Co Ltd                                      | Samsung E&A Co Ltd                                      | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |     14050 | NS      | $299072.52    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                              | Samsung Electronics Co Ltd                              | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     93660 | NS      | $10347061.56  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Heavy Industries Co Ltd                         | Samsung Heavy Industries Co Ltd                         | CUSIP: 000000000<br>LEI: 988400OSK0T9LDTWNC20 | Long             | EC               | CORP              | KR        |     24600 | NS      | $501376.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co Ltd                                 | Hanwha Aerospace Co Ltd                                 | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |      1800 | NS      | $1620325.64   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Second Bancorp Inc                                  | Old Second Bancorp Inc                                  | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     16817 | NS      | $333649.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                               | Shin-Etsu Chemical Co Ltd                               | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     64700 | NS      | $2127630.97   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SWCC Corp                                               | SWCC Corp                                               | CUSIP: 000000000<br>LEI: 353800A7RNYOC4KL4T49 | Long             | EC               | CORP              | JP        |      8600 | NS      | $640967.72    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Omnicell Inc                                            | Omnicell Inc                                            | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      4924 | NS      | $238814.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                         | Sony Group Corp                                         | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    107100 | NS      | $2361330.82   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| OR Royalties Inc                                        | OR Royalties Inc                                        | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |      4499 | NS      | $177440.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc                                        | OR Royalties Inc                                        | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     19550 | NS      | $770858.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                                  | Option Care Health Inc                                  | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     10041 | NS      | $341394.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland                                               | Stockland                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    148970 | NS      | $557387.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp                                       | Suzuki Motor Corp                                       | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |    110500 | NS      | $1506675.07   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Osisko Development Corp                                 | Osisko Development Corp                                 | CUSIP: 68828E809<br>LEI: 984500A8CC57F67DJ124 | Long             | EC               | CORP              | CA        |    126900 | NS      | $427768.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp                                             | Terumo Corp                                             | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     69400 | NS      | $907838.78    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd               | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    515278 | NS      | $28492762.43  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Tohoku Electric Power Co Inc                            | Tohoku Electric Power Co Inc                            | CUSIP: 000000000<br>LEI: 353800KTF7EYIIYHY088 | Long             | EC               | CORP              | JP        |     66700 | NS      | $481098.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Tatemono Co Ltd                                   | Tokyo Tatemono Co Ltd                                   | CUSIP: 000000000<br>LEI: 529900RQA4JTW1869J86 | Long             | EC               | CORP              | JP        |     32000 | NS      | $753031.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                                  | Toyo Suisan Kaisha Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8600 | NS      | $614010.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Seikan Group Holdings Ltd                          | Toyo Seikan Group Holdings Ltd                          | CUSIP: 000000000<br>LEI: 5299004VWXGQPXR05T33 | Long             | EC               | CORP              | JP        |     23400 | NS      | $587102.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Oxford Industries Inc                                   | Oxford Industries Inc                                   | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |      6260 | NS      | $230681.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd                                | United Overseas Bank Ltd                                | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     55700 | NS      | $1678749.88   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                             | LUKOIL PJSC                                             | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      5200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PNC Financial Services Group Inc/The                    | PNC Financial Services Group Inc/The                    | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     10800 | NS      | $2411640.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Winbond Electronics Corp                                | Winbond Electronics Corp                                | CUSIP: 000000000<br>LEI: 254900STBMBTLA91J410 | Long             | EC               | CORP              | TW        |    250000 | NS      | $988585.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamazaki Baking Co Ltd                                  | Yamazaki Baking Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15600 | NS      | $330524.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PAR Technology Corp                                     | PAR Technology Corp                                     | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |      6844 | NS      | $179381.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                                      | Deutsche Boerse AG                                      | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     17289 | NS      | $4378010.18   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Patrick Industries Inc                                  | Patrick Industries Inc                                  | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      8061 | NS      | $1017056.37   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust                      | PennyMac Mortgage Investment Trust                      | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               |  | US        |     13727 | NS      | $162390.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc                         | PennyMac Financial Services Inc                         | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      2924 | NS      | $292166.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                             | Novartis AG                                             | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     28790 | NS      | $4271565.76   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| NKT A/S                                                 | NKT A/S                                                 | CUSIP: 000000000<br>LEI: 529900197LKWCEQ0NL18 | Long             | EC               | CORP              | DK        |      5390 | NS      | $704938.13    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                 | OPAP SA                                                 | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |     10200 | NS      | $205539.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                        | Roche Holding AG                                        | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     18702 | NS      | $8504539.30   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                               | Nestle SA                                               | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     22562 | NS      | $2153012.99   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Perella Weinberg Partners                               | Perella Weinberg Partners                               | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27107 | NS      | $604757.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                                | Enel SpA                                                | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    118379 | NS      | $1307915.97   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                                 | Eni SpA                                                 | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     89885 | NS      | $1837169.11   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                                       | Sonova Holding AG                                       | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      2696 | NS      | $737850.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Pfizer Inc                                              | Pfizer Inc                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     45905 | NS      | $1213728.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                         | Philip Morris International Inc                         | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     22391 | NS      | $4017841.04   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                                           | PhosAgro PJSC                                           | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |      5614 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PHOSAGRO PJSC                                           | PHOSAGRO PJSC                                           | CUSIP: 71922G407<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |        36 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Photronics Inc                                          | Photronics Inc                                          | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |      8568 | NS      | $296195.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                                            | Phreesia Inc                                            | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     27343 | NS      | $367216.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                                     | EssilorLuxottica SA                                     | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |       306 | NS      | $93542.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc                                        | PDD Holdings Inc                                        | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      7951 | NS      | $803448.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                                | JUMBO SA                                                | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |     13900 | NS      | $412568.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Power Corp SA                                    | Public Power Corp SA                                    | CUSIP: 000000000<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | EC               | CORP              | GR        |      7800 | NS      | $184361.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                          | BNP Paribas SA                                          | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     67228 | NS      | $7269526.18   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                                           | OTP Bank Nyrt                                           | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     19325 | NS      | $2431702.61   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                                  | Cie de Saint-Gobain SA                                  | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     55893 | NS      | $5516944.06   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Preferred Bank/Los Angeles CA                           | Preferred Bank/Los Angeles CA                           | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      3508 | NS      | $300881.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                                          | PriceSmart Inc                                          | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      1567 | NS      | $222843.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                                  | Primoris Services Corp                                  | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     11155 | NS      | $1653728.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                               | Qorvo Inc                                               | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      1961 | NS      | $153173.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                    | Range Resources Corp                                    | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      6748 | NS      | $255411.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                        | RBC Bearings Inc                                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2537 | NS      | $1267662.79   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Red River Bancshares Inc                                | Red River Bancshares Inc                                | CUSIP: 75686R202<br>LEI: 549300SO63STZV7UHM15 | Long             | EC               | CORP              | US        |      1941 | NS      | $161219.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                                       | Redwood Trust Inc                                       | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               |  | US        |     30825 | NS      | $168921.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                      | Regal Rexnord Corp                                      | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      6142 | NS      | $991933.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                                                | Hera SpA                                                | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    126646 | NS      | $626733.57    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Revolve Group Inc                                       | Revolve Group Inc                                       | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9962 | NS      | $275449.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                             | ROBLOX Corp                                             | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |     14996 | NS      | $986136.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                          | Rocket Cos Inc                                          | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25092 | NS      | $449899.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gecina SA                                               | Gecina SA                                               | CUSIP: 000000000<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               |  | FR        |      5033 | NS      | $462287.21    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                             | Heineken NV                                             | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     29787 | NS      | $2458904.67   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                                    | Ryanair Holdings PLC                                    | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     47174 | NS      | $3330484.40   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc                        | Ryman Hospitality Properties Inc                        | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |      8104 | NS      | $767448.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                 | SBA Communications Corp                                 | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      8770 | NS      | $1614644.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Portfolio S&P 500 ETF                 | State Street SPDR Portfolio S&P 500 ETF                 | CUSIP: 78464A854<br>LEI: 5493004K4F0RL72RIJ47 | Long             | EC               | RF                | US        |   5592772 | NS      | $455251640.80 | 24.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                          | SS&C Technologies Holdings Inc                          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      8870 | NS      | $726364.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                                    | SPX Technologies Inc                                    | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |      6403 | NS      | $1334449.23   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                          | Salesforce Inc                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      6385 | NS      | $1355471.65   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                             | Samsara Inc                                             | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5500 | NS      | $154275.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                 | Charles Schwab Corp/The                                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     23145 | NS      | $2405228.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                                 | Sea Ltd                                                 | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     49420 | NS      | $5756935.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida                        | Seacoast Banking Corp of Florida                        | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     27529 | NS      | $920569.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                            | Semtech Corp                                            | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     10506 | NS      | $837853.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                          | ServiceNow Inc                                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     27344 | NS      | $3199521.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                                         | Shake Shack Inc                                         | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |      4019 | NS      | $355962.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                             | Shopify Inc                                             | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     20378 | NS      | $2674204.94   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp                          | Silicon Motion Technology Corp                          | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |       577 | NS      | $68622.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                                      | Champion Homes Inc                                      | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12375 | NS      | $969952.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc                   | Skyward Specialty Insurance Group Inc                   | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     12558 | NS      | $560337.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc                       | Solaris Energy Infrastructure Inc                       | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     15732 | NS      | $868249.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Resources Inc                                   | Solaris Resources Inc                                   | CUSIP: 83419D201<br>LEI: 5299009LFMB5N4PVVZ93 | Long             | EC               | CORP              | CA        |     45900 | NS      | $423723.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp                                          | Solventum Corp                                          | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |      9711 | NS      | $747455.67    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp                                          | South Bow Corp                                          | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |     10593 | NS      | $300841.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                                    | Southern Copper Corp                                    | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      5135 | NS      | $977293.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                               | Block Inc                                               | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     60489 | NS      | $3655350.27   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                                     | STAG Industrial Inc                                     | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     25337 | NS      | $950390.87    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stagwell Inc                                            | Stagwell Inc                                            | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |     42946 | NS      | $258105.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                                        | StandardAero Inc                                        | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26906 | NS      | $831126.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc                                             | Stantec Inc                                             | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |      5160 | NS      | $511357.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                          | Starbucks Corp                                          | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     13148 | NS      | $1208958.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                             | Sterling Infrastructure Inc                             | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      4095 | NS      | $1465641.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                   | Stifel Financial Corp                                   | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      7761 | NS      | $956931.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                                        | StoneX Group Inc                                        | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      5285 | NS      | $593294.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                            | Stryker Corp                                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      5916 | NS      | $2186316.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                            | Supernus Pharmaceuticals Inc                            | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     21599 | NS      | $1040207.84   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Surgutneftegas PJSC                                     | Surgutneftegas PJSC                                     | CUSIP: 868861204<br>LEI: 2138002GZLU65FRAC894 | Long             | EC               | CORP              | RU        |     19000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Synopsys Inc                                            | Synopsys Inc                                            | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      4570 | NS      | $2125575.55   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                              | Sysco Corp                                              | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     25417 | NS      | $2131215.45   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                         | T-Mobile US Inc                                         | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1800 | NS      | $354978.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                                    | Tri Pointe Homes Inc                                    | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17903 | NS      | $597065.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd               | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     17685 | NS      | $5845953.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TAL Education Group                                     | TAL Education Group                                     | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |      8831 | NS      | $112153.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc                                | Tandem Diabetes Care Inc                                | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     24852 | NS      | $494306.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                               | Taylor Morrison Home Corp                               | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      4615 | NS      | $281284.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd                      | Teva Pharmaceutical Industries Ltd                      | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     68795 | NS      | $2344533.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc                            | Texas Capital Bancshares Inc                            | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      5652 | NS      | $571812.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                   | Texas Instruments Inc                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     12455 | NS      | $2684675.25   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                                     | Texas Roadhouse Inc                                     | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      3867 | NS      | $695518.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                            | Thermo Fisher Scientific Inc                            | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1869 | NS      | $1081422.09   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc                              | Thermon Group Holdings Inc                              | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     21663 | NS      | $980250.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                           | Tidewater Inc                                           | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      4969 | NS      | $310512.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank/The                               | Toronto-Dominion Bank/The                               | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     20353 | NS      | $1902194.23   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                    | Tradeweb Markets Inc                                    | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13345 | NS      | $1375469.15   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                      | UMB Financial Corp                                      | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      6690 | NS      | $850566.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                                      | UFP Industries Inc                                      | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      5270 | NS      | $544285.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                                 | US Physical Therapy Inc                                 | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      7963 | NS      | $667856.81    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc                           | Ultragenyx Pharmaceutical Inc                           | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     15276 | NS      | $367693.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                      | Union Pacific Corp                                      | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      7286 | NS      | $1712938.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                                      | United Rentals Inc                                      | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      3575 | NS      | $2795864.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                  | UnitedHealth Group Inc                                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7261 | NS      | $2083398.73   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                              | Upwork Inc                                              | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     20391 | NS      | $408431.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                                          | Utz Brands Inc                                          | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Long             | EC               | CORP              | US        |     38713 | NS      | $408035.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                           | Valvoline Inc                                           | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      6799 | NS      | $222463.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Russell 1000 Value                             | Vanguard Russell 1000 Value                             | CUSIP: 92206C714<br>LEI: N/A                  | Long             | EC               | RF                | US        |    799979 | NS      | $77181973.92  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P 500 ETF                                    | Vanguard S&P 500 ETF                                    | CUSIP: 922908363<br>LEI: 549300D8V8ZP5GRJOC71 | Long             | EC               | RF                | US        |    255864 | NS      | $162785794.08 | 8.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                            | Veracyte Inc                                            | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     19702 | NS      | $750252.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Narayana Hrudayalaya Ltd                                | Narayana Hrudayalaya Ltd                                | CUSIP: 000000000<br>LEI: 3358005539O9QRRIAM19 | Long             | EC               | CORP              | IN        |     18900 | NS      | $363703.18    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Viavi Solutions Inc                                     | Viavi Solutions Inc                                     | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |     49827 | NS      | $1218768.42   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vipshop Holdings Ltd                                    | Vipshop Holdings Ltd                                    | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |     17167 | NS      | $293727.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                | Visa Inc                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     15650 | NS      | $5036639.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                            | Visteon Corp                                            | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      1962 | NS      | $178267.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vita Coco Co Inc/The                                    | Vita Coco Co Inc/The                                    | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     13753 | NS      | $733722.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                            | Vontier Corp                                            | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      5501 | NS      | $206287.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                      | Voya Financial Inc                                      | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      7582 | NS      | $581236.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New Oriental Education & Technology Group Inc           | New Oriental Education & Technology Group Inc           | CUSIP: 000000000<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | KY        |     14800 | NS      | $90237.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Connections Inc                                   | Waste Connections Inc                                   | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      7752 | NS      | $1299235.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                    | Waste Management Inc                                    | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     11023 | NS      | $2449751.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Weibo Corp                                              | Weibo Corp                                              | CUSIP: 948596101<br>LEI: 549300Q9ID4640FE0422 | Long             | EC               | CORP              | KY        |     21364 | NS      | $226031.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                                 | WEX Inc                                                 | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      1869 | NS      | $287639.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                                  | Whitecap Resources Inc                                  | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |     68985 | NS      | $629231.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                                 | Wintrust Financial Corp                                 | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      2921 | NS      | $430818.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                                       | World Kinect Corp                                       | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     14073 | NS      | $378704.43    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                            | Wyndham Hotels & Resorts Inc                            | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      3088 | NS      | $224775.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yalla Group Ltd                                         | Yalla Group Ltd                                         | CUSIP: 98459U103<br>LEI: 254900JO9GJYWVJTAX89 | Long             | EC               | CORP              | KY        |      5850 | NS      | $41242.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                              | Zoetis Inc                                              | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     13409 | NS      | $1673711.38   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TVS MOTOR COMPANY                                       | TVS Motor Co Ltd                                        | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EP               | CORP              | IN        |     50336 | NS      | $5472.05      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Axia Energia                                            | Axia Energia                                            | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |      2707 | NS      | $27158.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pegatron Corp                                           | Pegatron Corp                                           | CUSIP: 000000000<br>LEI: 529900M87JQS8TUO0L66 | Long             | EC               | CORP              | TW        |    114650 | NS      | $252826.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Coal India Ltd                                          | Coal India Ltd                                          | CUSIP: 000000000<br>LEI: 335800NLJQZNHM9LBB31 | Long             | EC               | CORP              | IN        |    219100 | NS      | $1050997.21   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                             | Cie Financiere Richemont SA                             | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     17016 | NS      | $3302967.84   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                            | UBS Group AG                                            | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    117247 | NS      | $5547586.13   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Punjab National Bank                                    | Punjab National Bank                                    | CUSIP: 000000000<br>LEI: 335800LE3GBR6I412V82 | Long             | EC               | CORP              | IN        |    457500 | NS      | $623695.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                                          | Keppel DC REIT                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | SG        |    328400 | NS      | $588460.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Baroda                                          | Bank of Baroda                                          | CUSIP: 000000000<br>LEI: 549300CQ6M9Q0TJEZR23 | Long             | EC               | CORP              | IN        |    156700 | NS      | $510657.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                              | Ferrari NV                                              | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      2546 | NS      | $849207.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                                    | Banca Mediolanum SpA                                    | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     33429 | NS      | $784184.26    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokohama Financial Group Inc                            | Yokohama Financial Group Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     75000 | NS      | $683079.66    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ICG PLC                                                 | ICG PLC                                                 | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |     23254 | NS      | $578637.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hangzhou First Applied Material Co Ltd                  | Hangzhou First Applied Material Co Ltd                  | CUSIP: 000000000<br>LEI: 8368001FT238FD11Z218 | Long             | EC               | CORP              | CN        |    104900 | NS      | $256363.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Solar Industries India Ltd                              | Solar Industries India Ltd                              | CUSIP: 000000000<br>LEI: 3358002ANWRT2YJ79L60 | Long             | EC               | CORP              | IN        |      1350 | NS      | $198076.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                              | Anheuser-Busch InBev SA/NV                              | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     33137 | NS      | $2385300.94   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyushu Railway Co                                       | Kyushu Railway Co                                       | CUSIP: 000000000<br>LEI: 5299002CCI6HLWAN3K50 | Long             | EC               | CORP              | JP        |     20600 | NS      | $525249.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co Ltd                                | Samsung Biologics Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       356 | NS      | $430229.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BSE Ltd                                                 | BSE Ltd                                                 | CUSIP: 000000000<br>LEI: 335800UOTLCPTZQVDA19 | Long             | EC               | CORP              | IN        |     13473 | NS      | $409791.97    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Electronics Ltd                                  | Bharat Electronics Ltd                                  | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    242403 | NS      | $1184251.75   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co Ltd                              | HD Hyundai Electric Co Ltd                              | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      1643 | NS      | $1006575.36   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Co Ltd                                       | HD Hyundai Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2450 | NS      | $397605.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                        | ArcelorMittal SA                                        | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     10631 | NS      | $577348.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                                | RELX PLC                                                | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     65759 | NS      | $2348744.54   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                              | National Bank of Greece SA                              | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     37857 | NS      | $668344.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansoh Pharmaceutical Group Co Ltd                      | Hansoh Pharmaceutical Group Co Ltd                      | CUSIP: 000000000<br>LEI: 254900Q6MR00EBXTPF42 | Long             | EC               | CORP              | KY        |     30000 | NS      | $147845.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd                                       | Eicher Motors Ltd                                       | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |      6750 | NS      | $523132.32    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                       | Siemens Energy AG                                       | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |     48859 | NS      | $8324597.38   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Cury Construtora e Incorporadora SA                     | Cury Construtora e Incorporadora SA                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     34400 | NS      | $225836.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Health International Inc                             | JD Health International Inc                             | CUSIP: 000000000<br>LEI: 254900OM3MAXYK8PCC84 | Long             | EC               | CORP              | KY        |    158050 | NS      | $1271612.42   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                              | Hexagon AB                                              | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |    146245 | NS      | $1648917.92   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Krafton Inc                                             | Krafton Inc                                             | CUSIP: 000000000<br>LEI: 988400CE024EWSCICK17 | Long             | EC               | CORP              | KR        |      2200 | NS      | $386223.04    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Electrolux AB                                           | Electrolux AB                                           | CUSIP: 000000000<br>LEI: 549300Y3HHZB1ZGFPJ93 | Long             | EC               | CORP              | SE        |    160452 | NS      | $1296066.59   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd                      | HD Hyundai Heavy Industries Co Ltd                      | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |      3190 | NS      | $1269715.41   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                                | Daimler Truck Holding AG                                | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |     15291 | NS      | $740373.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                                 | America Movil SAB de CV                                 | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    979000 | NS      | $1008914.51   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| APR Corp/Korea                                          | APR Corp/Korea                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2454 | NS      | $460316.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Marine Solution Co Ltd                       | HD Hyundai Marine Solution Co Ltd                       | CUSIP: 000000000<br>LEI: 988400NV4TGR7O3GJM74 | Long             | EC               | CORP              | KR        |       625 | NS      | $79245.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                             | Canara Bank                                             | CUSIP: 000000000<br>LEI: 335800E4RH82Z8XC3C30 | Long             | EC               | CORP              | IN        |    315050 | NS      | $505654.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy India Ltd                                | Siemens Energy India Ltd                                | CUSIP: 000000000<br>LEI: 335800AEZO3CVXCSA716 | Long             | EC               | CORP              | IN        |      9973 | NS      | $270159.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS NV                                                  | JBS NV                                                  | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |     40625 | NS      | $635533.94    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd                                             | Naspers Ltd                                             | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |     11711 | NS      | $717008.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tkms AG& Co KGaA                                        | Tkms AG& Co KGaA                                        | CUSIP: 000000000<br>LEI: 529900W81B194B0E0078 | Long             | EC               | CORP              | DE        |      3654 | NS      | $428145.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Bank SA                                         | Piraeus Bank SA                                         | CUSIP: 000000000<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | EC               | CORP              | GR        |     33493 | NS      | $337854.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurobank SA                                             | Eurobank SA                                             | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | EC               | CORP              | GR        |    209998 | NS      | $1026255.13   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                             | S+P500 EMINI FUT MAR26                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       288 | NC      | $-13876.34    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange/Bourse De Montreal                | S+P/TSX 60 IX FUT MAR26                                 | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DE               |  | CA        |       194 | NC      | $-8638.61     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                       | Banco Bradesco SA                                       | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |    278000 | NS      | $1125681.44   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Invincible Investment Corp                              | Invincible Investment Corp                              | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |      1113 | NS      | $471375.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Biopharmaceutical Ltd                              | Sino Biopharmaceutical Ltd                              | CUSIP: 000000000<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | KY        |    523300 | NS      | $444023.07    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Mengniu Dairy Co Ltd                              | China Mengniu Dairy Co Ltd                              | CUSIP: 000000000<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |    217150 | NS      | $453491.37    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| King Slide Works Co Ltd                                 | King Slide Works Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2450 | NS      | $241190.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                           | Tata Consultancy Services Ltd                           | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     12919 | NS      | $439350.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                   | Emaar Properties PJSC                                   | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    607252 | NS      | $2484081.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Display Co Ltd                                       | LG Display Co Ltd                                       | CUSIP: 000000000<br>LEI: 988400P37K91W0SABO95 | Long             | EC               | CORP              | KR        |     14450 | NS      | $116512.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi Ve Ticaret AS                 | Aselsan Elektronik Sanayi Ve Ticaret AS                 | CUSIP: 000000000<br>LEI: 7890008XT4M710MU8714 | Long             | EC               | CORP              | TR        |    121483 | NS      | $850065.07    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Porto Seguro SA                                         | Porto Seguro SA                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     20150 | NS      | $192358.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                               | Safran SA                                               | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     10265 | NS      | $3667593.65   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| LANXESS AG                                              | LANXESS AG                                              | CUSIP: 000000000<br>LEI: 529900PTLRE72EMYIJ77 | Long             | EC               | CORP              | DE        |     62285 | NS      | $1286518.33   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO Payment Gateway Inc                                 | GMO Payment Gateway Inc                                 | CUSIP: 000000000<br>LEI: 353800Q6U21E2PM83F86 | Long             | EC               | CORP              | JP        |      6600 | NS      | $381189.04    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| IG Group Holdings PLC                                   | IG Group Holdings PLC                                   | CUSIP: 000000000<br>LEI: 2138003A5Q1M7ANOUD76 | Long             | EC               | CORP              | GB        |     37681 | NS      | $699059.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                                     | MTU Aero Engines AG                                     | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |      2216 | NS      | $985177.84    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kone Oyj                                                | Kone Oyj                                                | CUSIP: 000000000<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |     29909 | NS      | $2149406.44   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Communications Co Ltd                           | Bank of Communications Co Ltd                           | CUSIP: 000000000<br>LEI: 549300AX1UM10U30HK09 | Long             | EC               | CORP              | CN        |   1344400 | NS      | $1154961.80   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                                | Engie SA                                                | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |    108002 | NS      | $3224551.65   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| KDX Realty Investment Corp                              | KDX Realty Investment Corp                              | CUSIP: 000000000<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               |  | JP        |       542 | NS      | $586355.23    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alstom SA                                               | Alstom SA                                               | CUSIP: 000000000<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |    177092 | NS      | $5654260.04   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven & i Holdings Co Ltd                               | Seven & i Holdings Co Ltd                               | CUSIP: 000000000<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |    163100 | NS      | $2335689.32   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd                                 | Hindalco Industries Ltd                                 | CUSIP: 000000000<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |     34900 | NS      | $363284.82    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu Inc                                               | Baidu Inc                                               | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |     23200 | NS      | $444687.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd                                                 | ITC Ltd                                                 | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |    110150 | NS      | $386123.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlam Ltd                                              | Sanlam Ltd                                              | CUSIP: 000000000<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |     37200 | NS      | $232589.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp                            | China Construction Bank Corp                            | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   1537400 | NS      | $1552359.15   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| AUB Group Ltd                                           | AUB Group Ltd                                           | CUSIP: 000000000<br>LEI: 5493005X7SUBQF3OEG82 | Long             | EC               | CORP              | AU        |     17235 | NS      | $361769.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc                                | Hana Financial Group Inc                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3800 | NS      | $264031.92    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zealand Pharma A/S                                      | Zealand Pharma A/S                                      | CUSIP: 000000000<br>LEI: 549300ITBB1ULBL4CZ12 | Long             | EC               | CORP              | DK        |      3612 | NS      | $241561.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                         | London Stock Exchange Group PLC                         | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     14766 | NS      | $1647030.13   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd                                   | Hyundai Glovis Co Ltd                                   | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |       600 | NS      | $101159.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Coromandel International Ltd                            | Coromandel International Ltd                            | CUSIP: 000000000<br>LEI: 335800U73K3HJSQKT249 | Long             | EC               | CORP              | IN        |      7300 | NS      | $181406.26    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China National Building Material Co Ltd                 | China National Building Material Co Ltd                 | CUSIP: 000000000<br>LEI: 52990085PGF8YEPLBZ26 | Long             | EC               | CORP              | CN        |    327600 | NS      | $235642.11    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                                | TOTVS SA                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     33900 | NS      | $287097.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                              | Legrand SA                                              | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     10667 | NS      | $1703069.96   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd                                       | Bank of China Ltd                                       | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |   3236250 | NS      | $1932634.18   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SBM Offshore NV                                         | SBM Offshore NV                                         | CUSIP: 000000000<br>LEI: 549300RDGCRYZ5QE6513 | Long             | EC               | CORP              | NL        |     21875 | NS      | $785755.18    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                        | TotalEnergies SE                                        | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     33593 | NS      | $2443174.77   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| JINS Holdings Inc                                       | JINS Holdings Inc                                       | CUSIP: 000000000<br>LEI: 353800IG2NOMKC105309 | Long             | EC               | CORP              | JP        |      9400 | NS      | $314654.59    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                                            | Experian PLC                                            | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |     85313 | NS      | $3231207.34   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                            | Impala Platinum Holdings Ltd                            | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     10100 | NS      | $188256.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Hotels Co Ltd/The                                | Indian Hotels Co Ltd/The                                | CUSIP: 000000000<br>LEI: 33580076CH5SBY5HWA22 | Long             | EC               | CORP              | IN        |     41880 | NS      | $307224.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia SGPS SA                                    | Galp Energia SGPS SA                                    | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     58856 | NS      | $1171094.82   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV          | Grupo Aeroportuario del Centro Norte SAB de CV          | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      6200 | NS      | $90236.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Bank                                             | Indian Bank                                             | CUSIP: 000000000<br>LEI: 5493008JR8FCVQ6FJL94 | Long             | EC               | CORP              | IN        |     39050 | NS      | $387462.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel SA                                                | Rexel SA                                                | CUSIP: 000000000<br>LEI: 969500N6AVPA51648T62 | Long             | EC               | CORP              | FR        |     16515 | NS      | $692070.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp Ltd                               | China CITIC Bank Corp Ltd                               | CUSIP: 000000000<br>LEI: 300300C1030211000384 | Long             | EC               | CORP              | CN        |    650650 | NS      | $606010.17    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC                                        | Smiths Group PLC                                        | CUSIP: 000000000<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |     21496 | NS      | $738211.66    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Healthcare Ltd                                   | Fortis Healthcare Ltd                                   | CUSIP: 000000000<br>LEI: 3358001Q5ZJC4M83WH02 | Long             | EC               | CORP              | IN        |     50900 | NS      | $471786.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP  | Cia de Saneamento Basico do Estado de Sao Paulo SABESP  | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |     21435 | NS      | $575184.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                            | 3i Group PLC                                            | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     56154 | NS      | $2579665.32   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                          | Air Liquide SA                                          | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     21377 | NS      | $4003104.51   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Innovation Co Ltd                                    | SK Innovation Co Ltd                                    | CUSIP: 000000000<br>LEI: 988400PXP70BWVSJVF07 | Long             | EC               | CORP              | KR        |         1 | NS      | $77.58        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Genesis Minerals Ltd                                    | Genesis Minerals Ltd                                    | CUSIP: 000000000<br>LEI: 894500AK5BVRCNP0FP48 | Long             | EC               | CORP              | AU        |    160289 | NS      | $791505.48    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                             | Reckitt Benckiser Group PLC                             | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     48920 | NS      | $4077966.41   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates NBD Bank PJSC                                  | Emirates NBD Bank PJSC                                  | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |     85600 | NS      | $724890.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO Inc                                                | ZOZO Inc                                                | CUSIP: 000000000<br>LEI: 549300GC7XPQMZA0OW13 | Long             | EC               | CORP              | JP        |    125500 | NS      | $1036561.40   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| China Railway Group Ltd                                 | China Railway Group Ltd                                 | CUSIP: 000000000<br>LEI: 529900TFRLG8UDJ7QA89 | Long             | EC               | CORP              | CN        |    699700 | NS      | $403778.61    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Laboratorios Farmaceuticos Rovi SA                      | Laboratorios Farmaceuticos Rovi SA                      | CUSIP: 000000000<br>LEI: 95980020140005936480 | Long             | EC               | CORP              | ES        |      4940 | NS      | $421783.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongyue Group Ltd                                       | Dongyue Group Ltd                                       | CUSIP: 000000000<br>LEI: 529900EJNEZTJBHCHW95 | Long             | EC               | CORP              | KY        |     33300 | NS      | $52202.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                                | RELX PLC                                                | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     58396 | NS      | $2070255.96   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Smith PLC                                            | WH Smith PLC                                            | CUSIP: 000000000<br>LEI: 2138001KJNGUJ34G7X91 | Long             | EC               | CORP              | GB        |    119751 | NS      | $1106063.91   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Monogatari Corp/The                                     | Monogatari Corp/The                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18600 | NS      | $499440.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TIS Inc                                                 | TIS Inc                                                 | CUSIP: 000000000<br>LEI: 35380064HYEZXBQHDF07 | Long             | EC               | CORP              | JP        |     13600 | NS      | $395739.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Pacific Insurance Group Co Ltd                    | China Pacific Insurance Group Co Ltd                    | CUSIP: 000000000<br>LEI: 529900BA5ILEL308WX03 | Long             | EC               | CORP              | CN        |     24050 | NS      | $121135.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Inc                                                  | SK Inc                                                  | CUSIP: 000000000<br>LEI: 988400GMME8AOAFMDK34 | Long             | EC               | CORP              | KR        |      1250 | NS      | $288664.65    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JVCKenwood Corp                                         | JVCKenwood Corp                                         | CUSIP: 000000000<br>LEI: 529900GGYCEJXM5Y6961 | Long             | EC               | CORP              | JP        |     69200 | NS      | $562450.32    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                                  | KB Financial Group Inc                                  | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     15253 | NS      | $1427668.34   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                                     | Amadeus IT Group SA                                     | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     27402 | NS      | $1837212.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinopharm Group Co Ltd                                  | Sinopharm Group Co Ltd                                  | CUSIP: 000000000<br>LEI: 529900N54X78YH9JYK92 | Long             | EC               | CORP              | CN        |    109250 | NS      | $291505.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd                                | China Hongqiao Group Ltd                                | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |    111600 | NS      | $510421.69    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM China Holdings Ltd                                  | MGM China Holdings Ltd                                  | CUSIP: 000000000<br>LEI: 529900VZFN87OS7WJM66 | Long             | EC               | CORP              | KY        |    369200 | NS      | $589562.84    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                           | AIA Group Ltd                                           | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    303700 | NS      | $3503930.64   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PGE Polska Grupa Energetyczna SA                        | PGE Polska Grupa Energetyczna SA                        | CUSIP: 000000000<br>LEI: 259400MP9VXR0E69MJ89 | Long             | EC               | CORP              | PL        |     68300 | NS      | $192630.66    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| New China Life Insurance Co Ltd                         | New China Life Insurance Co Ltd                         | CUSIP: 000000000<br>LEI: 300300F2001111000095 | Long             | EC               | CORP              | CN        |     23100 | NS      | $187835.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China Minsheng Banking Corp Ltd                         | China Minsheng Banking Corp Ltd                         | CUSIP: 000000000<br>LEI: 549300HBUGSQD1VCXG94 | Long             | EC               | CORP              | CN        |    342150 | NS      | $170244.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                                             | Magnit PJSC                                             | CUSIP: 000000000<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |      2390 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gazprom PJSC                                            | Gazprom PJSC                                            | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |     61284 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| L&T Finance Ltd                                         | L&T Finance Ltd                                         | CUSIP: 000000000<br>LEI: 335800XGURT7JWGYNB41 | Long             | EC               | CORP              | IN        |     33950 | NS      | $105846.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Charoen Pokphand Foods PCL                              | Charoen Pokphand Foods PCL                              | CUSIP: 000000000<br>LEI: 529900FJ3AI2GKGIWK15 | Long             | EC               | CORP              | TH        |   1246550 | NS      | $816551.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                               | Segro PLC                                               | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    148028 | NS      | $1542241.11   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                          | Agricultural Bank of China Ltd                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    203400 | NS      | $142200.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SE                                              | Edenred SE                                              | CUSIP: 000000000<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     35672 | NS      | $747178.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc                                      | Sompo Holdings Inc                                      | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |    123900 | NS      | $4272630.79   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                                | Rolls-Royce Holdings PLC                                | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    745837 | NS      | $12468138.13  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc                                   | ASPEED Technology Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     10800 | NS      | $3020284.22   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Insurance Co Group of China Ltd/The            | People's Insurance Co Group of China Ltd/The            | CUSIP: 000000000<br>LEI: 3003000P2JHYHQ524P66 | Long             | EC               | CORP              | CN        |    440850 | NS      | $383332.56    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KION Group AG                                           | KION Group AG                                           | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     10516 | NS      | $742795.61    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                               | Bank of Ireland Group PLC                               | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |     52540 | NS      | $1067478.93   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Orient Securities Co Ltd/China                          | Orient Securities Co Ltd/China                          | CUSIP: 000000000<br>LEI: 300300E1005131000066 | Long             | EC               | CORP              | CN        |    304050 | NS      | $264777.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Convatec Group PLC                                      | Convatec Group PLC                                      | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    148401 | NS      | $468104.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co Ltd                                 | Sieyuan Electric Co Ltd                                 | CUSIP: 000000000<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |     23000 | NS      | $610820.32    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Yanjing Brewery Co Ltd                          | Beijing Yanjing Brewery Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     64800 | NS      | $112771.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lens Technology Co Ltd                                  | Lens Technology Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     33800 | NS      | $176054.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOE Technology Group Co Ltd                             | BOE Technology Group Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1103800 | NS      | $693104.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Bank Co Ltd                                     | Ping An Bank Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |    227600 | NS      | $354106.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                                       | Compass Group PLC                                       | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     94397 | NS      | $2830535.01   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyosung Heavy Industries Corp                           | Hyosung Heavy Industries Corp                           | CUSIP: 000000000<br>LEI: 988400IDLF9EQ95M0928 | Long             | EC               | CORP              | KR        |       130 | NS      | $233162.79    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                        | ASR Nederland NV                                        | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |      7494 | NS      | $544294.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                       | National Grid PLC                                       | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    158617 | NS      | $2694831.44   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                           | AIB Group PLC                                           | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    213871 | NS      | $2390678.01   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Food & Life Cos Ltd                                     | Food & Life Cos Ltd                                     | CUSIP: 000000000<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |     12900 | NS      | $704726.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hapvida Participacoes e Investimentos S/A               | Hapvida Participacoes e Investimentos S/A               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     38600 | NS      | $95349.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiaomi Corp                                             | Xiaomi Corp                                             | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |     46500 | NS      | $210485.47    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co Ltd                                      | WuXi AppTec Co Ltd                                      | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |     24600 | NS      | $350059.09    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Woori Financial Group Inc                               | Woori Financial Group Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     25605 | NS      | $535627.43    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                                 | IMI PLC                                                 | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |     21643 | NS      | $817288.98    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Innovent Biologics Inc                                  | Innovent Biologics Inc                                  | CUSIP: 000000000<br>LEI: 25490058ONL9SCIE1R22 | Long             | EC               | CORP              | KY        |     59500 | NS      | $617614.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mebuki Financial Group Inc                              | Mebuki Financial Group Inc                              | CUSIP: 000000000<br>LEI: 353800K1RXV3E3JAE812 | Long             | EC               | CORP              | JP        |    106600 | NS      | $804211.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd                  | Contemporary Amperex Technology Co Ltd                  | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     27100 | NS      | $1365019.40   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GigaDevice Semiconductor Inc                            | GigaDevice Semiconductor Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2400 | NS      | $108045.57    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co Ltd                                      | WuXi AppTec Co Ltd                                      | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |     24900 | NS      | $340673.04    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                           | Akzo Nobel NV                                           | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     31751 | NS      | $2224387.07   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Leapmotor Technology Co Ltd                    | Zhejiang Leapmotor Technology Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     48150 | NS      | $261457.64    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                           | HDFC Bank Ltd                                           | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    143336 | NS      | $1449309.05   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                               | Alibaba Group Holding Ltd                               | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    242050 | NS      | $5149268.51   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro-Fabrication Equipment Inc China          | Advanced Micro-Fabrication Equipment Inc China          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5969 | NS      | $297068.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co Ltd                               | Montage Technology Co Ltd                               | CUSIP: 000000000<br>LEI: 836800ZMWT5PAN574D81 | Long             | EC               | CORP              | CN        |      5779 | NS      | $150580.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JMDC Inc                                                | JMDC Inc                                                | CUSIP: 000000000<br>LEI: 3538002M2SQV6WJ6MQ67 | Long             | EC               | CORP              | JP        |     13600 | NS      | $298807.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| XD Inc                                                  | XD Inc                                                  | CUSIP: 000000000<br>LEI: 655600SO97YJOKFJGL95 | Long             | EC               | CORP              | KY        |     12800 | NS      | $140568.99    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                              | JD.com Inc                                              | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     95550 | NS      | $1362603.40   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Newborn Town Inc                                        | Newborn Town Inc                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    151350 | NS      | $222562.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Rockchip Electronics Co Ltd                             | Rockchip Electronics Co Ltd                             | CUSIP: 000000000<br>LEI: 8368002HC3QUMAKOPK03 | Long             | EC               | CORP              | CN        |      4100 | NS      | $112415.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                     | Kuaishou Technology                                     | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | KY        |     38600 | NS      | $394380.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                                               | Tesco PLC                                               | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |    294796 | NS      | $1715359.06   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                                    | Dassault Systemes SE                                    | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     23955 | NS      | $658877.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Breedon Group PLC                                       | Breedon Group PLC                                       | CUSIP: 000000000<br>LEI: 213800DQGNQE3X76WS92 | Long             | EC               | CORP              | GB        |     73962 | NS      | $340456.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                                       | NatWest Group PLC                                       | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    513632 | NS      | $4681643.36   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                             | NetEase Inc                                             | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     88500 | NS      | $2294811.09   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Synspective Inc                                         | Synspective Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     35400 | NS      | $270881.48    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                           | Allegro.eu SA                                           | CUSIP: 000000000<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |     31700 | NS      | $260410.99    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Caixa Seguridade Participacoes S/A                      | Caixa Seguridade Participacoes S/A                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     32700 | NS      | $107555.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                    | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    194523 | NS      | $14951387.97  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd                  | Jiangsu Hengrui Pharmaceuticals Co Ltd                  | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |     16400 | NS      | $143765.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Laurus Labs Ltd                                         | Laurus Labs Ltd                                         | CUSIP: 000000000<br>LEI: 335800S8HO8QRYP3VQ26 | Long             | EC               | CORP              | IN        |     19000 | NS      | $199617.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HBM Holdings Ltd                                        | HBM Holdings Ltd                                        | CUSIP: 000000000<br>LEI: 254900ZT5QBQG3JL9J21 | Long             | EC               | CORP              | KY        |    114350 | NS      | $174457.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wizz Air Holdings Plc                                   | Wizz Air Holdings Plc                                   | CUSIP: 000000000<br>LEI: 213800COXGZCORLJZA85 | Long             | EC               | CORP              | JE        |     19473 | NS      | $377686.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA/Brazil                                           | TIM SA/Brazil                                           | CUSIP: 000000000<br>LEI: 529900QI0CH1DN5ZCS77 | Long             | EC               | CORP              | BR        |     27700 | NS      | $129058.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                                 | GSK PLC                                                 | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     26278 | NS      | $679592.70    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies NV                                     | Technip Energies NV                                     | CUSIP: 000000000<br>LEI: 724500FLODI49NSCIP70 | Long             | EC               | CORP              | NL        |     10994 | NS      | $430848.33    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Piotech Inc                                             | Piotech Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11604 | NS      | $586995.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                   | Rede D'Or Sao Luiz SA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     37188 | NS      | $299539.09    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Worldline SA/France                                     | Worldline SA/France                                     | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | FR        |    109111 | NS      | $184818.47    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries PLC                                  | Melrose Industries PLC                                  | CUSIP: 000000000<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |     40968 | NS      | $352240.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi SA                             | Merlin Properties Socimi SA                             | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |     46745 | NS      | $695715.32    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Allist Pharmaceuticals Co Ltd                  | Shanghai Allist Pharmaceuticals Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7578 | NS      | $107283.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ruijie Networks Co Ltd                                  | Ruijie Networks Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     35500 | NS      | $411094.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd                                      | Trip.com Group Ltd                                      | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |     11050 | NS      | $678200.52    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings PLC                             | Berkeley Group Holdings PLC                             | CUSIP: 000000000<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |     19689 | NS      | $1112405.26   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SAIC Motor Corp Ltd                                     | SAIC Motor Corp Ltd                                     | CUSIP: 000000000<br>LEI: 30030001QBC7EXJJGT71 | Long             | EC               | CORP              | CN        |    247200 | NS      | $501737.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co Ltd                             | Baoshan Iron & Steel Co Ltd                             | CUSIP: 000000000<br>LEI: 300300PYAP4PEHORZT21 | Long             | EC               | CORP              | CN        |    138200 | NS      | $144386.74    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Huatai Securities Co Ltd                                | Huatai Securities Co Ltd                                | CUSIP: 000000000<br>LEI: 3003009ABT0UCWO79Q77 | Long             | EC               | CORP              | CN        |    106600 | NS      | $351298.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co Ltd                              | Sany Heavy Industry Co Ltd                              | CUSIP: 000000000<br>LEI: 3003001FS86S7NYOHV89 | Long             | EC               | CORP              | CN        |     77800 | NS      | $245016.70    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                               | Zijin Mining Group Co Ltd                               | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |     82100 | NS      | $458611.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd                          | COSCO SHIPPING Holdings Co Ltd                          | CUSIP: 000000000<br>LEI: 3003009XI0QGYYA29S17 | Long             | EC               | CORP              | CN        |     52300 | NS      | $108145.16    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd                                          | CMOC Group Ltd                                          | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |     59500 | NS      | $204832.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang China Commodities City Group Co Ltd            | Zhejiang China Commodities City Group Co Ltd            | CUSIP: 000000000<br>LEI: 300300UELW04DCUGGZ27 | Long             | EC               | CORP              | CN        |    138800 | NS      | $320377.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengli Hydraulic Co Ltd                         | Jiangsu Hengli Hydraulic Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     17400 | NS      | $270281.36    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                        | Novo Nordisk A/S                                        | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    100070 | NS      | $5942078.67   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co Ltd                           | Eastroc Beverage Group Co Ltd                           | CUSIP: 000000000<br>LEI: 836800LQ338417RCIL29 | Long             | EC               | CORP              | CN        |     12500 | NS      | $449210.19    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA            | Cie Generale des Etablissements Michelin SCA            | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     30214 | NS      | $1122015.75   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Syensqo SA                                              | Syensqo SA                                              | CUSIP: 000000000<br>LEI: 549300060XNJ90PLNS10 | Long             | EC               | CORP              | BE        |     16032 | NS      | $1349313.11   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Gamma Communications PLC                                | Gamma Communications PLC                                | CUSIP: 000000000<br>LEI: 213800LAQZXPRIZUEH50 | Long             | EC               | CORP              | GB        |     40293 | NS      | $501882.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglogold Ashanti Plc                                   | Anglogold Ashanti Plc                                   | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |      9150 | NS      | $824849.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Zheneng Electric Power Co Ltd                  | Zhejiang Zheneng Electric Power Co Ltd                  | CUSIP: 000000000<br>LEI: 3003007BB94AW2PBWC09 | Long             | EC               | CORP              | CN        |    246900 | NS      | $175494.61    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Laopu Gold Co Ltd                                       | Laopu Gold Co Ltd                                       | CUSIP: 000000000<br>LEI: 2549003X1NWK88OCWI97 | Long             | EC               | CORP              | CN        |      4500 | NS      | $444740.07    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                          | ICICI Bank Ltd                                          | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    113890 | NS      | $1679037.10   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiab Oyj                                                | Hiab Oyj                                                | CUSIP: 000000000<br>LEI: 5493002B0GOVF42KWX33 | Long             | EC               | CORP              | FI        |      8957 | NS      | $532237.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                                       | Bajaj Finance Ltd                                       | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |     27696 | NS      | $280210.24    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Bank SA                                           | Alpha Bank SA                                           | CUSIP: 000000000<br>LEI: 213800DBQIB6VBNU5C64 | Long             | EC               | CORP              | GR        |     12650 | NS      | $60555.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Embraer SA                                              | Embraer SA                                              | CUSIP: 000000000<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     95484 | NS      | $1758999.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                               | QIAGEN NV                                               | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |     20998 | NS      | $1113286.33   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Axia Energia                                            | Axia Energia                                            | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |     10300 | NS      | $113142.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Computacenter PLC                                       | Computacenter PLC                                       | CUSIP: 000000000<br>LEI: 549300XSXUZ1I19DB105 | Long             | EC               | CORP              | GB        |     13268 | NS      | $607247.21    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BeOne Medicines Ltd                                     | BeOne Medicines Ltd                                     | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |     16650 | NS      | $439109.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Elis SA                                                 | Elis SA                                                 | CUSIP: 000000000<br>LEI: 969500UX71LCE8MAY492 | Long             | EC               | CORP              | FR        |     26570 | NS      | $771445.14    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GF Securities Co Ltd                                    | GF Securities Co Ltd                                    | CUSIP: 000000000<br>LEI: 3003007E0Y3ZJ5HNA936 | Long             | EC               | CORP              | CN        |    149900 | NS      | $349800.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Unibrew A/S                                       | Royal Unibrew A/S                                       | CUSIP: 000000000<br>LEI: 529900D69KFL8IAP8Q63 | Long             | EC               | CORP              | DK        |      6451 | NS      | $607778.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Menicon Co Ltd                                          | Menicon Co Ltd                                          | CUSIP: 000000000<br>LEI: 3538000OOSRECSEX2327 | Long             | EC               | CORP              | JP        |     40900 | NS      | $428907.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                           | UniCredit SpA                                           | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     28857 | NS      | $2514772.86   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Pharmaceutical Group Ltd                | China Resources Pharmaceutical Group Ltd                | CUSIP: 000000000<br>LEI: 3003004H1KDKMJ8JD874 | Long             | EC               | CORP              | HK        |    514400 | NS      | $299474.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC                                             | Beazley PLC                                             | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |     49486 | NS      | $768791.30    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                              | Scout24 SE                                              | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |      5764 | NS      | $573870.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| flatexDEGIRO SE                                         | flatexDEGIRO SE                                         | CUSIP: 000000000<br>LEI: 529900IRBZTADXJB6757 | Long             | EC               | CORP              | DE        |     12654 | NS      | $617258.54    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Goodix Technology Co Ltd                       | Shenzhen Goodix Technology Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8000 | NS      | $92796.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                          | BAWAG Group AG                                          | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |      4870 | NS      | $792231.25    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                                | Adyen NV                                                | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      2180 | NS      | $3232599.38   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                            | ING Groep NV                                            | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    143293 | NS      | $4225838.95   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                                    | Banco BTG Pactual SA                                    | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |    132850 | NS      | $1513345.21   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Comercial Portugues SA                            | Banco Comercial Portugues SA                            | CUSIP: 000000000<br>LEI: JU1U6S0DG9YLT7N8ZV32 | Long             | EC               | CORP              | PT        |    704173 | NS      | $762198.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                                                 | Aon PLC                                                 | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     11225 | NS      | $3924709.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                                  | Arch Capital Group Ltd                                  | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     24749 | NS      | $2376893.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                                    | Assured Guaranty Ltd                                    | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |      4853 | NS      | $411777.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                               | Axis Capital Holdings Ltd                               | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      4455 | NS      | $459666.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                           | Accenture PLC                                           | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      4193 | NS      | $1105442.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd                      | Credo Technology Group Holding Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3182 | NS      | $398640.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                          | Eaton Corp PLC                                          | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      6800 | NS      | $2389656.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                        | Essent Group Ltd                                        | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      7489 | NS      | $471207.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                                | Fabrinet                                                | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      2422 | NS      | $1185423.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                               | Flutter Entertainment PLC                               | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |         4 | NS      | $660.60       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                               | Gates Industrial Corp PLC                               | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     22482 | NS      | $517535.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                                | ICON PLC                                                | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      2957 | NS      | $532999.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                           | Weatherford International PLC                           | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |      3017 | NS      | $283839.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                               | Linde PLC                                               | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      4548 | NS      | $2078299.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                           | Medtronic PLC                                           | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     23014 | NS      | $2369521.44   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                          | NU Holdings Ltd/Cayman Islands                          | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    179560 | NS      | $3187190.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                         | Seagate Technology Holdings PLC                         | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      8164 | NS      | $3328381.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC                        | Sensata Technologies Holding PLC                        | CUSIP: 000000000<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     10959 | NS      | $379071.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                                    | Smurfit WestRock PLC                                    | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |     53869 | NS      | $2242566.47   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd                     | White Mountains Insurance Group Ltd                     | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |        42 | NS      | $85887.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize Ltd                                              | Amrize Ltd                                              | CUSIP: 000000000<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |     30515 | NS      | $1605699.30   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                                     | Sportradar Group AG                                     | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |     34950 | NS      | $632944.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                   | Spotify Technology SA                                   | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      4565 | NS      | $2284097.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellebrite DI Ltd                                       | Cellebrite DI Ltd                                       | CUSIP: 000000000<br>LEI: 254900G03462YGP1IO36 | Long             | EC               | CORP              | IL        |     35077 | NS      | $515982.67    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd                   | Check Point Software Technologies Ltd                   | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     11977 | NS      | $2149991.27   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                                | Nova Ltd                                                | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      1392 | NS      | $637313.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                                          | Monday.com Ltd                                          | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      5437 | NS      | $623895.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                                 | Tower Semiconductor Ltd                                 | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |      7094 | NS      | $955774.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                             | Wix.com Ltd                                             | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      7540 | NS      | $654773.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                         | ASML Holding NV                                         | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3236 | NS      | $4604828.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                          | MakeMyTrip Ltd                                          | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |      3140 | NS      | $195873.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Goldman Sachs Trust II

**Signature:** Allison Fracchiolla

**Name of Signer:** Allison Fracchiolla

**Title:** Vice President