# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-25-011090
**Filing Date:** 2025-11
**Character Count:** 101349
**Document Hash:** ab8af1e8fdfda7e4fd4d4013036ffe98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011090.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011090

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23013
- **FILM NUMBER:** 251529616

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs Nasdaq-100 Premium Income ETF (Series ID: S000081510)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000244420 | Goldman Sachs Nasdaq-100 Premium Income ETF | GPIQ            |

## Nport-Ex

Goldman

Sachs

Core

Premium

Income

ETF

Schedule

of

Investments

September

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –

#### 100.4%

#### Communication

#### Services

#### –

#### 15

#### .4

#### %
223,500

Alphabet,

Inc.,

Class

A

$

54,332,850

208,638

Alphabet,

Inc.,

Class

C

50,813,785

12,627

Charter

Communications,

Inc.,

Class

A\*

3,473,751

344,408

Comcast

Corp.,

Class

A

10,821,299

23,839

Electronic

Arts,

Inc.

4,808,326

83,394

Meta

Platforms,

Inc.,

Class

A

61,242,886

40,176

Netflix,

Inc.\*

48,167,810

17,537

Take-Two

Interactive

Software,

Inc.\*

4,530,859

106,539

T-Mobile

US,

Inc.

25,503,306

40,469

Trade

Desk,

Inc.

(The),

Class

A\*

1,983,386

234,646

Warner

Bros

Discovery,

Inc.\*

4,582,636

270,260,894

#### Consumer

#### Discretionary

#### –

#### 13

#### .4

#### %
40,684

Airbnb,

Inc.,

Class

A\*

4,939,851

410,504

Amazon.com,

Inc.\*

90,134,363

3,084

Booking

Holdings,

Inc.

16,651,349

38,151

DoorDash,

Inc.,

Class

A\*

10,376,690

10,549

Lululemon

Athletica,

Inc.\*

1,876,984

25,963

Marriott

International,

Inc.,

Class

A

6,761,804

4,728

MercadoLibre,

Inc.

(Brazil)\*

11,049,052

80,908

O'Reilly

Automotive,

Inc.\*

8,722,691

63,704

PDD

Holdings,

Inc.

ADR

(China)\*

8,419,758

31,126

Ross

Stores,

Inc.

4,743,291

107,801

Starbucks

Corp.

9,119,965

140,132

Tesla,

Inc.\*

62,319,503

235,115,301

#### Consumer

#### Staples

#### –

#### 4

#### .6

#### %
43,701

Coca-Cola

Europacific

Partners

PLC

(United

Kingdom)

3,951,007

41,641

Costco

Wholesale

Corp.

38,544,159

117,795

Keurig

Dr

Pepper,

Inc.

3,004,950

108,939

Kraft

Heinz

Co.

(The)

2,836,772

122,079

Mondelez

International,

Inc.,

Class

A

7,626,275

93,199

Monster

Beverage

Corp.\*

6,273,225

129,458

PepsiCo,

Inc.

18,181,082

80,417,470

#### Energy

#### –

#### 0

#### .5

#### %
94,035

Baker

Hughes

Co.

4,581,385

27,011

Diamondback

Energy,

Inc.

3,865,274

8,446,659

#### Financials

#### –

#### 0

#### .3

#### %
91,094

PayPal

Holdings,

Inc.\*

6,108,764

#### Health

#### Care

#### –

#### 4

#### .2

#### %
50,800

Amgen,

Inc.

14,335,760

56,110

AstraZeneca

PLC

ADR

(United

Kingdom)

4,304,759

13,944

Biogen,

Inc.\*

1,953,276

35,605

Dexcom,

Inc.\*

2,395,860

43,556

GE

HealthCare

Technologies,

Inc.

3,271,056

118,290

Gilead

Sciences,

Inc.

13,130,190

7,565

IDEXX

Laboratories,

Inc.\*

4,833,203

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Health

#### Care

#### –
(continued)

33,341

Intuitive

Surgical,

Inc.\*

14,911,095

9,860

Regeneron

Pharmaceuticals,

Inc.

5,543,982

23,901

Vertex

Pharmaceuticals,

Inc.\*

9,360,588

74,039,769

#### Industrials

#### –

#### 4

#### .2

#### %
38,511

Automatic

Data

Processing,

Inc.

11,302,979

7,337

Axon

Enterprise,

Inc.\*

5,265,325

38,152

Cintas

Corp.

7,831,080

86,862

Copart,

Inc.\*

3,906,184

177,832

CSX

Corp.

6,314,814

109,319

Fastenal

Co.

5,361,004

60,091

Honeywell

International,

Inc.

12,649,155

19,346

Old

Dominion

Freight

Line,

Inc.

2,723,530

50,107

PACCAR,

Inc.

4,926,520

32,719

Paychex,

Inc.

4,147,460

41,153

Thomson

Reuters

Corp.

(Canada)

6,392,295

12,600

Verisk

Analytics,

Inc.

3,169,026

73,989,372

#### Information

#### Technology

#### –

#### 55

#### .0

#### %
39,579

Adobe,

Inc.\*

13,961,492

153,695

Advanced

Micro

Devices,

Inc.\*

24,866,314

46,851

Analog

Devices,

Inc.

11,511,291

570,717

Apple,

Inc.

145,321,670

75,692

Applied

Materials,

Inc.

15,497,180

29,073

AppLovin

Corp.,

Class

A\*

20,890,113

12,670

ARM

Holdings

PLC

ADR\*

1,792,678

7,982

ASML

Holding

NV

(Netherlands)

7,727,294

15,336

Atlassian

Corp.,

Class

A\*

2,449,159

20,393

Autodesk,

Inc.\*

6,478,244

298,828

Broadcom,

Inc.

98,586,346

26,054

Cadence

Design

Systems,

Inc.\*

9,151,728

12,569

CDW

Corp.

2,001,990

375,113

Cisco

Systems,

Inc.

25,665,232

44,842

Cognizant

Technology

Solutions

Corp.,

Class

A

3,007,553

23,901

Crowdstrike

Holdings,

Inc.,

Class

A\*

11,720,572

30,790

Datadog,

Inc.,

Class

A\*

4,384,496

71,359

Fortinet,

Inc.\*

5,999,865

53,126

GLOBALFOUNDRIES,

Inc.\*

1,904,036

414,501

Intel

Corp.\*

13,906,509

26,318

Intuit,

Inc.

17,972,825

12,505

KLA

Corp.

13,487,893

119,601

Lam

Research

Corp.

16,014,574

81,889

Marvell

Technology,

Inc.

6,884,408

50,606

Microchip

Technology,

Inc.

3,249,917

105,855

Micron

Technology,

Inc.

17,711,659

286,051

Microsoft

Corp.

148,160,116

934,141

NVIDIA

Corp.

174,292,028

24,008

NXP

Semiconductors

NV

(Netherlands)

5,467,342

38,216

ON

Semiconductor

Corp.\*

1,884,431

214,890

Palantir

Technologies,

Inc.,

Class

A\*

39,200,234

63,802

Palo

Alto

Networks,

Inc.\*

12,991,363

102,686

QUALCOMM,

Inc.

17,082,843

9,793

Roper

Technologies,

Inc.

4,883,671

115,667

Shopify,

Inc.,

Class

A

(Canada)\*

17,189,273

Goldman

Sachs

Core

Premium

Income

ETF

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

#### Additional

#### Investment

#### Information

#### \*\*End

#### swaps

#### header\*\*

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Information

#### Technology

#### –
(continued)

24,763

Strategy,

Inc.,

Class

A\*

7,978,886

17,395

Synopsys,

Inc.\*

8,582,519

85,748

Texas

Instruments,

Inc.

15,754,480

20,640

Workday,

Inc.,

Class

A\*

4,968,667

14,748

Zscaler,

Inc.\*

4,419,386

965,000,277

#### Materials

#### –

#### 1

#### .2

#### %
44,648

Linde

PLC

21,207,800

#### Real

#### Estate

#### –

#### 0

#### .2

#### %
40,107

CoStar

Group,

Inc.\*

3,383,828

#### Utilities

#### –

#### 1

#### .4

#### %
50,338

American

Electric

Power

Co.,

Inc.

5,663,025

29,665

Constellation

Energy

Corp.

9,761,861

94,604

Exelon

Corp.

4,258,126

56,135

Xcel

Energy,

Inc.

4,527,288

24,210,300

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $1,504,266,175)
1,762,180,434

#### Shares

#### Dividend

#### Rate

#### Value
aa

#### Investment

#### Company

#### –

#### 0.1%
(a) Goldman

Sachs

Financial

Square

Treasury

Obligations

Fund

–

Institutional

Shares

1,817,624

4.017%

1,817,624

(Cost

$1,817,624)

#### TOTAL

#### INVESTMENTS

#### –

#### 100.5%

#### (Cost

#### $1,506,083,799)
$

1,763,998,058

#### LIABILITIES

#### IN

#### EXCESS

#### OF

#### OTHER

#### ASSETS

#### –

#### (0.5)%
(8,141,930)

#### NET

#### ASSETS

#### –

#### 100.0%
$

1,755,856,128

&nbsp;&nbsp;&nbsp;&nbsp;a

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) Represents

an

affiliated

issuer.

Investment

Abbreviations:

ADR

—

American

Depositary

Receipt

PLC

—

Public

Limited

Company

#### WRITTEN

#### OPTIONS

#### CONTRACTS
—

At

September

30,

2025,

the

Fund

had

the

following

written

option

contracts:

#### OVER-THE-COUNTER

#### OPTIONS

#### ON

#### EQUITIES

#### Description

#### Counterparty

#### Exercise

#### Rate

#### Expiration

#### Date

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Market

#### Value

#### Premiums

#### Paid
(Received)

#### by

#### the

#### Fund

#### Unrealized

#### Appreciation/
(Depreciation)

Written

Option

Contracts:

Calls

Invesco

QQQ

Trust

Series

Morgan

Stanley

and

Co.

$

599.10 11/03/2025

(301) $

(18,033)

$

(408,683)

$

(408,683)

$

–

Invesco

QQQ

Trust

Series

Morgan

Stanley

and

Co.

596.00 11/03/2025

(871) (51,912)

(1,423,867)

(1,251,409)

(172,458)

Invesco

QQQ

Trust

Series

Morgan

Stanley

and

Co.

600.00 10/24/2025

(2,690)

(161,400)

(3,085,171)

(3,302,648)

217,477

Invesco

QQQ

Trust

Series

Morgan

Stanley

and

Co.

589.00 10/20/2025

(2,499)

(147,191)

(4,277,736)

(2,810,750)

(1,466,986)

Invesco

QQQ

Trust

Series

Morgan

Stanley

and

Co.

576.00 10/13/2025

(2,130)

(122,688)

(5,610,076)

(2,517,128)

(3,092,948)

Invesco

QQQ

Trust

Series

Morgan

Stanley

and

Co.

572.00 10/06/2025

(2,891)

(165,365)

(8,331,284)

(3,404,875)

(4,926,409)

Total

written

option

contracts

(11,382)

$

(666,589)

$

(23,136,817)

$

(13,695,493)

$

(9,441,324)

Goldman

Sachs

S&P

500

Core

Premium

Income

ETF

Schedule

of

Investments

September

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –

#### 100.1%

#### Communication

#### Services

#### –

#### 10.1%
180,925

Alphabet,

Inc.,

Class

A

$

43,982,867

136,347

Alphabet,

Inc.,

Class

C

33,207,312

222,788

AT&T,

Inc.

6,291,533

3,036

Charter

Communications,

Inc.,

Class

A\*

835,219

113,228

Comcast

Corp.,

Class

A

3,557,624

6,838

Electronic

Arts,

Inc.

1,379,225

7,024

Fox

Corp.,

Class

A

442,933

4,438

Fox

Corp.,

Class

B

254,253

11,018

Interpublic

Group

of

Cos.,

Inc.

(The)

307,512

5,328

Live

Nation

Entertainment,

Inc.\*

870,595

7,603

Match

Group,

Inc.

268,538

67,819

Meta

Platforms,

Inc.,

Class

A

49,804,917

13,281

Netflix,

Inc.\*

15,922,857

12,046

News

Corp.,

Class

A

369,933

4,048

News

Corp.,

Class

B

139,858

6,151

Omnicom

Group,

Inc.

501,491

10,504

Paramount

Skydance

Corp.,

Class

B

198,736

5,529

Take-Two

Interactive

Software,

Inc.\*

1,428,472

2,132

TKO

Group

Holdings,

Inc.

430,579

15,039

T-Mobile

US,

Inc.

3,600,036

8,427

Trade

Desk,

Inc.

(The),

Class

A\*

413,007

130,468

Verizon

Communications,

Inc.

5,734,069

56,411

Walt

Disney

Co.

(The)

6,459,059

78,303

Warner

Bros

Discovery,

Inc.\*

1,529,258

177,929,883

#### Consumer

#### Discretionary

#### –

#### 10.6%
12,697

Airbnb,

Inc.,

Class

A\*

1,541,670

302,707

Amazon.com,

Inc.\*

66,465,376

8,179

Aptiv

PLC

(Jersey)\*

705,193

AutoZone,

Inc.\*

2,102,218

5,868

Best

Buy

Co.,

Inc.

443,738

947

Booking

Holdings,

Inc.

5,113,109

2,011

CarMax,

Inc.\*

90,234

35,550

Carnival

Corp.\*

1,027,751

35,384

Chipotle

Mexican

Grill,

Inc.\*

1,386,699

9,081

D.R.

Horton,

Inc.

1,538,957

3,514

Darden

Restaurants,

Inc.

668,925

4,287

Deckers

Outdoor

Corp.\*

434,573

950

Domino's

Pizza,

Inc.

410,124

11,675

DoorDash,

Inc.,

Class

A\*

3,175,483

14,517

eBay,

Inc.

1,320,321

3,676

Expedia

Group,

Inc.

785,745

122,824

Ford

Motor

Co.

1,468,975

5,251

Garmin

Ltd.

1,292,901

29,713

General

Motors

Co.

1,811,602

4,219

Genuine

Parts

Co.

584,753

4,291

Hasbro,

Inc.

325,472

7,614

Hilton

Worldwide

Holdings,

Inc.

1,975,376

31,199

Home

Depot,

Inc.

(The)

12,641,523

9,716

Las

Vegas

Sands

Corp.

522,624

7,472

Lennar

Corp.,

Class

A

941,771

7,491

LKQ

Corp.

228,775

17,655

Lowe's

Cos.,

Inc.

4,436,878

2,743

Lululemon

Athletica,

Inc.\*

488,062

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Consumer

#### Discretionary

#### –
(continued)

6,998

Marriott

International,

Inc.,

Class

A

$

1,822,559

22,432

McDonald's

Corp.

6,816,860

7,945

MGM

Resorts

International\*

275,374

1,714

Mohawk

Industries,

Inc.\*

220,969

35,004

NIKE,

Inc.,

Class

B

2,440,829

15,524

Norwegian

Cruise

Line

Holdings

Ltd.\*

382,356

NVR,

Inc.\*

546,357

26,214

O'Reilly

Automotive,

Inc.\*

2,826,131

907

Pool

Corp.

281,233

6,484

PulteGroup,

Inc.

856,731

1,237

Ralph

Lauren

Corp.

387,874

9,816

Ross

Stores,

Inc.

1,495,860

8,068

Royal

Caribbean

Cruises

Ltd.

2,610,643

35,741

Starbucks

Corp.

3,023,689

6,909

Tapestry,

Inc.

782,237

87,371

Tesla,

Inc.\*

38,855,631

34,393

TJX

Cos.,

Inc.

(The)

4,971,164

16,109

Tractor

Supply

Co.

916,119

1,322

Ulta

Beauty,

Inc.\*

722,804

3,755

Williams-Sonoma,

Inc.

733,915

2,813

Wynn

Resorts

Ltd.

360,824

8,943

Yum!

Brands,

Inc.

1,359,336

186,618,323

#### Consumer

#### Staples

#### –

#### 4.9%
52,598

Altria

Group,

Inc.

3,474,624

15,071

Archer-Daniels-Midland

Co.

900,342

4,847

Brown-Forman

Corp.,

Class

B

131,257

4,427

Bunge

Global

SA

359,694

5,265

Campbell's

Company

(The)

(a) 166,269

4,497

Church

&

Dwight

Co.,

Inc.

394,072

3,722

Clorox

Co.

(The)

458,923

121,828

Coca-Cola

Co.

(The)

8,079,633

25,711

Colgate-Palmolive

Co.

2,055,337

14,171

Conagra

Brands,

Inc.

259,471

3,623

Constellation

Brands,

Inc.,

Class

A

487,909

13,483

Costco

Wholesale

Corp.

12,480,269

6,745

Dollar

General

Corp.

697,096

5,154

Dollar

Tree,

Inc.\*

486,383

7,799

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

687,248

15,345

General

Mills,

Inc.

773,695

4,427

Hershey

Co.

(The)

828,070

6,968

Hormel

Foods

Corp.

172,388

3,285

J

M

Smucker

Co.

(The)

356,751

7,766

Kellanova

636,967

38,038

Kenvue,

Inc.

617,357

28,379

Keurig

Dr

Pepper,

Inc.

723,948

9,514

Kimberly-Clark

Corp.

1,182,971

27,432

Kraft

Heinz

Co.

(The)

714,329

18,407

Kroger

Co.

(The)

1,240,816

4,193

Lamb

Weston

Holdings,

Inc.

243,529

7,179

McCormick

&

Co.,

Inc.

480,347

4,383

Molson

Coors

Beverage

Co.,

Class

B

198,331

40,181

Mondelez

International,

Inc.,

Class

A

2,510,107

Goldman

Sachs

S&P

500

Core

Premium

Income

ETF

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Consumer

#### Staples

#### –
(continued)

21,519

Monster

Beverage

Corp.\*

$

1,448,444

42,573

PepsiCo,

Inc.

5,978,952

48,823

Philip

Morris

International,

Inc.

7,919,091

72,882

Procter &

Gamble

Co.

(The)

11,198,319

14,674

Sysco

Corp.

1,208,257

14,009

Target

Corp.

1,256,607

8,323

Tyson

Foods,

Inc.,

Class

A

451,939

137,165

Walmart,

Inc.

14,136,225

85,395,967

#### Energy

#### –

#### 2.9%
11,332

APA

Corp.

275,141

30,685

Baker

Hughes

Co.

1,494,973

60,314

Chevron

Corp.

9,366,161

37,098

ConocoPhillips

3,509,100

21,476

Coterra

Energy,

Inc.

507,907

19,527

Devon

Energy

Corp.

684,617

5,316

Diamondback

Energy,

Inc.

760,720

15,363

EOG

Resources,

Inc.

1,722,499

19,924

EQT

Corp.

1,084,463

7,687

Expand

Energy

Corp.

816,667

133,129

Exxon

Mobil

Corp.

15,010,295

26,890

Halliburton

Co.

661,494

61,315

Kinder

Morgan,

Inc.

1,735,828

9,586

Marathon

Petroleum

Corp.

1,847,606

22,132

Occidental

Petroleum

Corp.

1,045,737

18,313

ONEOK,

Inc.

1,336,300

12,766

Phillips

1,736,431

46,434

Schlumberger

NV

1,595,936

7,026

Targa

Resources

Corp.

1,177,136

620

Texas

Pacific

Land

Corp.

578,857

9,710

Valero

Energy

Corp.

1,653,225

38,252

Williams

Cos.,

Inc.

(The)

2,423,264

51,024,357

#### Financials

#### –

#### 13.6%
15,045

Aflac,

Inc.

1,680,526

8,313

Allstate

Corp.

(The)

1,784,385

17,080

American

Express

Co.

5,673,293

18,488

American

International

Group,

Inc.

1,452,047

3,512

Ameriprise

Financial,

Inc.

1,725,270

6,784

Aon

PLC,

Class

A

2,419,039

14,595

Apollo

Global

Management,

Inc.

1,945,076

11,233

Arch

Capital

Group

Ltd.

1,019,170

7,897

Arthur

J

Gallagher

&

Co.

2,446,017

1,557

Assurant,

Inc.

337,246

215,726

Bank

of

America

Corp.

11,129,304

26,509

Bank

of

New

York

Mellon

Corp.

(The)

2,888,421

57,660

Berkshire

Hathaway,

Inc.,

Class

B\*

28,987,988

4,957

Blackrock,

Inc.

5,779,218

24,271

Blackstone,

Inc.

4,146,700

17,470

Block,

Inc.\*

1,262,557

8,372

Brown

&

Brown,

Inc.

785,210

20,448

Capital

One

Financial

Corp.

4,346,836

3,471

Cboe

Global

Markets,

Inc.

851,263

56,836

Charles

Schwab

Corp.

(The)

5,426,133

11,732

Chubb

Ltd.

3,311,357

4,652

Cincinnati

Financial

Corp.

735,481

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Financials

#### –
(continued)

59,589

Citigroup,

Inc.

$

6,048,283

13,646

Citizens

Financial

Group,

Inc.

725,421

11,811

CME

Group,

Inc.

3,191,214

7,334

Coinbase

Global,

Inc.,

Class

A\*

2,475,152

2,156

Corpay,

Inc.\*

621,057

515

Erie

Indemnity

Co.,

Class

A

163,852

1,252

Everest

Group

Ltd.

438,488

FactSet

Research

Systems,

Inc.

142,958

14,533

Fidelity

National

Information

Services,

Inc.

958,306

16,620

Fifth

Third

Bancorp

740,421

14,364

Fiserv,

Inc.\*

1,851,950

20,310

Franklin

Resources,

Inc.

469,770

7,929

Global

Payments,

Inc.

658,741

2,712

Globe

Life,

Inc.

387,735

8,649

Hartford

Insurance

Group,

Inc.

(The)

1,153,690

43,330

Huntington

Bancshares,

Inc.

748,309

15,506

Interactive

Brokers

Group,

Inc.,

Class

A

1,066,968

19,401

Intercontinental

Exchange,

Inc.

3,268,680

23,211

Invesco

Ltd.

532,460

1,435

Jack

Henry

&

Associates,

Inc.

213,715

86,288

JPMorgan

Chase &

Co.

27,217,824

29,574

KeyCorp

552,738

22,899

KKR

&

Co.,

Inc.

2,975,725

5,974

Loews

Corp.

599,730

3,888

M&T

Bank

Corp.

768,347

14,786

Marsh

&

McLennan

Cos.,

Inc.

2,979,823

25,865

Mastercard,

Inc.,

Class

A

14,712,271

18,218

MetLife,

Inc.

1,500,617

5,608

Moody's

Corp.

2,672,100

41,944

Morgan

Stanley

6,667,418

2,821

MSCI,

Inc.

1,600,664

18,438

Nasdaq,

Inc.

1,630,841

7,995

Northern

Trust

Corp.

1,076,127

30,346

PayPal

Holdings,

Inc.\*

2,035,003

11,677

PNC

Financial

Services

Group,

Inc.

(The)

2,346,260

6,650

Principal

Financial

Group,

Inc.

551,351

17,538

Progressive

Corp.

(The)

4,331,009

11,336

Prudential

Financial,

Inc.

1,175,997

7,097

Raymond

James

Financial,

Inc.

1,224,942

24,943

Regions

Financial

Corp.

657,747

24,493

Robinhood

Markets,

Inc.,

Class

A\*

3,506,908

10,238

S&P

Global,

Inc.

4,982,937

12,330

State

Street

Corp.

1,430,403

12,433

Synchrony

Financial

883,365

7,871

T. Rowe

Price

Group,

Inc.

807,879

7,063

Travelers

Cos.,

Inc.

(The)

1,972,131

40,519

Truist

Financial

Corp.

1,852,529

48,160

US

Bancorp

2,327,573

53,368

Visa,

Inc.,

Class

A

18,218,768

7,935

W

R

Berkley

Corp.

607,980

101,223

Wells

Fargo &

Co.

8,484,512

2,979

Willis

Towers

Watson

PLC

1,029,096

239,370,322

Goldman

Sachs

S&P

500

Core

Premium

Income

ETF

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Health

#### Care

#### –

#### 8.8%
54,346

Abbott

Laboratories

$

7,279,103

55,208

AbbVie,

Inc.

12,782,860

8,408

Agilent

Technologies,

Inc.

1,079,167

2,099

Align

Technology,

Inc.\*

262,837

16,902

Amgen,

Inc.

4,769,744

14,848

Baxter

International,

Inc.

338,089

8,521

Becton

Dickinson

&

Co.

1,594,876

4,489

Biogen,

Inc.\*

628,819

4,315

Bio-Techne

Corp.

240,043

46,805

Boston

Scientific

Corp.\*

4,569,572

63,053

Bristol-Myers

Squibb

Co.

2,843,690

7,038

Cardinal

Health,

Inc.

1,104,684

5,987

Cencora,

Inc.

1,871,117

14,659

Centene

Corp.\*

523,033

1,308

Charles

River

Laboratories

International,

Inc.\*

204,650

8,171

Cigna

Group

(The)

2,355,291

6,115

Cooper

Cos.,

Inc.

(The)\*

419,244

39,874

CVS

Health

Corp.

3,006,101

18,499

Danaher

Corp.

3,667,612

1,187

DaVita,

Inc.\*

157,717

9,651

Dexcom,

Inc.\*

649,416

18,152

Edwards

Lifesciences

Corp.\*

1,411,681

6,964

Elevance

Health,

Inc.

2,250,208

24,536

Eli

Lilly

&

Co.

18,720,968

14,801

GE

HealthCare

Technologies,

Inc.

1,111,555

38,790

Gilead

Sciences,

Inc.

4,305,690

5,089

HCA

Healthcare,

Inc.

2,168,932

2,940

Henry

Schein,

Inc.\*

195,128

6,477

Hologic,

Inc.\*

437,133

3,748

Humana,

Inc.

975,117

2,553

IDEXX

Laboratories,

Inc.\*

1,631,086

4,909

Incyte

Corp.\*

416,332

2,293

Insulet

Corp.\*

707,918

10,290

Intuitive

Surgical,

Inc.\*

4,601,997

5,272

IQVIA

Holdings,

Inc.\*

1,001,364

74,964

Johnson &

Johnson

13,899,825

2,675

Labcorp

Holdings,

Inc.

767,885

3,747

McKesson

Corp.

2,894,707

40,430

Medtronic

PLC

3,850,553

73,905

Merck &

Co.,

Inc.

6,202,847

603

Mettler-Toledo

International,

Inc.\*

740,249

10,752

Moderna,

Inc.\*

277,724

1,498

Molina

Healthcare,

Inc.\*

286,657

178,816

Pfizer,

Inc.

4,556,232

3,523

Quest

Diagnostics,

Inc.

671,413

3,144

Regeneron

Pharmaceuticals,

Inc.

1,767,777

4,606

ResMed,

Inc.

1,260,800

3,495

Revvity,

Inc.

306,337

4,740

Solventum

Corp.\*

346,020

2,911

STERIS

PLC

720,298

10,815

Stryker

Corp.

3,997,981

11,920

Thermo

Fisher

Scientific,

Inc.

5,781,438

27,009

UnitedHealth

Group,

Inc.

9,326,208

1,683

Universal

Health

Services,

Inc.,

Class

B

344,073

7,658

Vertex

Pharmaceuticals,

Inc.\*

2,999,179

35,840

Viatris,

Inc.

354,816

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Health

#### Care

#### –
(continued)

1,873

Waters

Corp.\*

$

561,544

2,217

West

Pharmaceutical

Services,

Inc.

581,586

6,274

Zimmer

Biomet

Holdings,

Inc.

617,989

12,845

Zoetis,

Inc.

1,879,480

155,276,392

#### Industrials

#### –

#### 8.2%
16,583

3M

Co.

2,573,350

2,388

A

O

Smith

Corp.

175,303

2,562

Allegion

PLC

454,371

6,549

AMETEK,

Inc.

1,231,212

12,489

Automatic

Data

Processing,

Inc.

3,665,521

2,375

Axon

Enterprise,

Inc.\*

1,704,395

23,444

Boeing

Co.

(The)\*

5,059,919

3,595

Broadridge

Financial

Solutions,

Inc.

856,221

3,331

Builders

FirstSource,

Inc.\*

403,884

3,554

C.H.

Robinson

Worldwide,

Inc.

470,550

22,771

Carrier

Global

Corp.

1,359,429

14,916

Caterpillar,

Inc.

7,117,169

10,501

Cintas

Corp.

2,155,435

23,252

Copart,

Inc.\*

1,045,642

58,279

CSX

Corp.

2,069,487

4,283

Cummins,

Inc.

1,809,011

4,947

Dayforce,

Inc.\*

340,799

7,914

Deere

&

Co.

3,618,756

20,470

Delta

Air

Lines,

Inc.

1,161,672

3,917

Dover

Corp.

653,473

12,298

Eaton

Corp.

PLC

4,602,526

1,297

EMCOR

Group,

Inc.

842,453

17,829

Emerson

Electric

Co.

2,338,808

3,874

Equifax,

Inc.

993,797

3,856

Expeditors

International

of

Washington,

Inc.

472,707

33,855

Fastenal

Co.

1,660,249

6,990

FedEx

Corp.

1,648,312

10,434

Fortive

Corp.

511,162

8,099

GE

Vernova,

Inc.

4,980,075

1,693

Generac

Holdings,

Inc.\*

283,408

7,632

General

Dynamics

Corp.

2,602,512

33,295

General

Electric

Co.

10,015,802

19,636

Honeywell

International,

Inc.

4,133,378

12,869

Howmet

Aerospace,

Inc.

2,525,284

1,483

Hubbell,

Inc.

638,150

1,119

Huntington

Ingalls

Industries,

Inc.

322,171

1,968

IDEX

Corp.

320,312

8,073

Illinois

Tool

Works,

Inc.

2,105,115

11,001

Ingersoll

Rand,

Inc.

908,903

2,117

J.B.

Hunt

Transport

Services,

Inc.

284,038

3,654

Jacobs

Solutions,

Inc.

547,588

20,708

Johnson

Controls

International

PLC

2,276,845

5,687

L3Harris

Technologies,

Inc.

1,736,867

3,936

Leidos

Holdings,

Inc.

743,747

883

Lennox

International,

Inc.

467,425

6,334

Lockheed

Martin

Corp.

3,161,996

6,602

Masco

Corp.

464,715

1,502

Nordson

Corp.

340,879

Goldman

Sachs

S&P

500

Core

Premium

Income

ETF

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Industrials

#### –
(continued)

7,103

Norfolk

Southern

Corp.

$

2,133,812

4,054

Northrop

Grumman

Corp.

2,470,183

5,197

Old

Dominion

Freight

Line,

Inc.

731,634

11,998

Otis

Worldwide

Corp.

1,096,977

16,111

PACCAR,

Inc.

1,584,034

4,026

Parker-Hannifin

Corp.

3,052,312

8,416

Paychex,

Inc.

1,066,812

1,416

Paycom

Software,

Inc.

294,726

4,989

Pentair

PLC

552,582

4,663

Quanta

Services,

Inc.

1,932,440

6,295

Republic

Services,

Inc.

1,444,577

3,505

Rockwell

Automation,

Inc.

1,225,103

6,298

Rollins,

Inc.

369,944

41,917

RTX

Corp.

7,013,972

1,429

Snap-on,

Inc.

495,191

15,619

Southwest

Airlines

Co.

498,402

4,799

Stanley

Black

&

Decker,

Inc.

356,710

5,338

Textron,

Inc.

451,008

6,945

Trane

Technologies

PLC

2,930,512

1,627

TransDigm

Group,

Inc.

2,144,419

65,188

Uber

Technologies,

Inc.\*

6,386,468

18,770

Union

Pacific

Corp.

4,436,665

10,605

United

Airlines

Holdings,

Inc.\*

1,023,382

23,154

United

Parcel

Service,

Inc.,

Class

B

1,934,054

1,958

United

Rentals,

Inc.

1,869,224

7,117

Veralto

Corp.

758,743

4,107

Verisk

Analytics,

Inc.

1,032,952

1,212

W.W.

Grainger,

Inc.

1,154,988

11,793

Waste

Management,

Inc.

2,604,248

5,150

Westinghouse

Air

Brake

Technologies

Corp.

1,032,420

7,052

Xylem,

Inc.

1,040,170

144,973,487

#### Information

#### Technology

#### –

#### 34.9%
17,895

Accenture

PLC,

Class

A

(Ireland)

4,412,907

12,651

Adobe,

Inc.\*

4,462,640

50,696

Advanced

Micro

Devices,

Inc.\*

8,202,106

4,228

Akamai

Technologies,

Inc.\*

320,313

38,677

Amphenol

Corp.,

Class

A

4,786,279

15,509

Analog

Devices,

Inc.

3,810,561

460,746

Apple,

Inc.

117,319,754

24,982

Applied

Materials,

Inc.

5,114,815

8,412

AppLovin

Corp.,

Class

A\*

6,044,358

32,382

Arista

Networks,

Inc.\*

4,718,381

6,549

Autodesk,

Inc.\*

2,080,421

145,274

Broadcom,

Inc.

47,927,345

8,599

Cadence

Design

Systems,

Inc.\*

3,020,485

3,892

CDW

Corp.

619,918

125,006

Cisco

Systems,

Inc.

8,552,911

12,879

Cognizant

Technology

Solutions

Corp.,

Class

A

863,795

24,697

Corning,

Inc.

2,025,895

7,914

Crowdstrike

Holdings,

Inc.,

Class

A\*

3,880,867

10,047

Datadog,

Inc.,

Class

A\*

1,430,693

9,622

Dell

Technologies,

Inc.,

Class

C

1,364,111

1,746

EPAM

Systems,

Inc.\*

263,279

1,730

F5,

Inc.\*

559,119

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Information

#### Technology

#### –
(continued)

711

Fair

Isaac

Corp.\*

$

1,064,033

3,307

First

Solar,

Inc.\*

729,293

17,746

Fortinet,

Inc.\*

1,492,084

2,205

Gartner,

Inc.\*

579,628

18,358

Gen

Digital,

Inc.

521,184

4,044

GoDaddy,

Inc.,

Class

A\*

553,340

42,800

Hewlett

Packard

Enterprise

Co.

1,051,168

28,201

HP,

Inc.

767,913

136,738

Intel

Corp.\*

4,587,560

29,124

International

Business

Machines

Corp.

8,217,628

8,753

Intuit,

Inc.

5,977,511

3,493

Jabil,

Inc.

758,575

5,298

Keysight

Technologies,

Inc.\*

926,726

4,056

KLA

Corp.

4,374,802

39,700

Lam

Research

Corp.

5,315,830

16,824

Microchip

Technology,

Inc.

1,080,437

35,108

Micron

Technology,

Inc.

5,874,271

231,370

Microsoft

Corp.

119,838,091

1,586

Monolithic

Power

Systems,

Inc.

1,460,135

5,312

Motorola

Solutions,

Inc.

2,429,124

6,001

NetApp,

Inc.

710,878

755,207

NVIDIA

Corp.

140,906,522

7,989

NXP

Semiconductors

NV

(Netherlands)

1,819,335

12,665

ON

Semiconductor

Corp.\*

624,511

51,679

Oracle

Corp.

14,534,202

69,978

Palantir

Technologies,

Inc.,

Class

A\*

12,765,387

20,956

Palo

Alto

Networks,

Inc.\*

4,267,061

3,580

PTC,

Inc.\*

726,812

33,710

QUALCOMM,

Inc.

5,607,996

3,217

Roper

Technologies,

Inc.

1,604,286

28,251

Salesforce,

Inc.

6,695,487

6,675

Seagate

Technology

Holdings

PLC

1,575,700

6,490

ServiceNow,

Inc.\*

5,972,617

4,241

Skyworks

Solutions,

Inc.

326,472

15,751

Super

Micro

Computer,

Inc.\*

755,103

5,461

Synopsys,

Inc.\*

2,694,403

9,460

TE

Connectivity

PLC

(Switzerland)

2,076,754

1,339

Teledyne

Technologies,

Inc.\*

784,708

4,862

Teradyne,

Inc.

669,206

27,430

Texas

Instruments,

Inc.

5,039,714

7,702

Trimble,

Inc.\*

628,868

1,309

Tyler

Technologies,

Inc.\*

684,816

2,743

VeriSign,

Inc.

766,860

11,153

Western

Digital

Corp.

1,339,029

6,601

Workday,

Inc.,

Class

A\*

1,589,059

1,458

Zebra

Technologies

Corp.,

Class

A\*

433,259

614,979,331

#### Materials

#### –

#### 1.8%
6,993

Air

Products

and

Chemicals,

Inc.

1,907,131

3,690

Albemarle

Corp.

299,185

71,133

Amcor

PLC

581,868

2,018

Avery

Dennison

Corp.

327,259

8,122

Ball

Corp.

409,511

Goldman

Sachs

S&P

500

Core

Premium

Income

ETF

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Materials

#### –
(continued)

4,817

CF

Industries

Holdings,

Inc.

$

432,085

21,354

Corteva,

Inc.

1,444,171

22,097

Dow,

Inc.

506,684

13,427

DuPont

de

Nemours,

Inc.

1,045,963

3,635

Eastman

Chemical

Co.

229,187

7,909

Ecolab,

Inc.

2,165,959

41,915

Freeport-McMoRan,

Inc.

1,643,906

6,651

International

Flavors

&

Fragrances,

Inc.

409,303

16,773

International

Paper

Co.

778,267

14,728

Linde

PLC

6,995,800

8,030

LyondellBasell

Industries

NV,

Class

A

393,791

1,961

Martin

Marietta

Materials,

Inc.

1,235,979

10,343

Mosaic

Co.

(The)

358,695

34,562

Newmont

Corp.

2,913,922

7,307

Nucor

Corp.

989,587

2,826

Packaging

Corp.

of

America

615,870

6,950

PPG

Industries,

Inc.

730,515

7,282

Sherwin-Williams

Co.

(The)

2,521,465

15,838

Smurfit

WestRock

PLC

674,224

4,471

Steel

Dynamics,

Inc.

623,392

4,246

Vulcan

Materials

Co.

1,306,155

31,539,874

#### Real

#### Estate

#### –

#### 1.9%
4,966

Alexandria

Real

Estate

Equities,

Inc.

REIT

413,866

14,953

American

Tower

Corp.

REIT

2,875,761

3,884

AvalonBay

Communities,

Inc.

REIT

750,272

4,732

BXP,

Inc.

REIT

351,777

2,792

Camden

Property

Trust

REIT

298,130

9,818

CBRE

Group,

Inc.,

Class

A\*

1,546,924

13,332

CoStar

Group,

Inc.\*

1,124,821

14,642

Crown

Castle,

Inc.

REIT

1,412,807

10,075

Digital

Realty

Trust,

Inc.

REIT

1,741,766

2,982

Equinix,

Inc.

REIT

2,335,622

9,628

Equity

Residential

REIT

623,220

1,935

Essex

Property

Trust,

Inc.

REIT

517,922

6,416

Extra

Space

Storage,

Inc.

REIT

904,271

2,212

Federal

Realty

Investment

Trust

REIT

224,098

19,865

Healthpeak

Properties,

Inc.

REIT

380,415

21,617

Host

Hotels

&

Resorts,

Inc.

REIT

367,921

12,547

Invitation

Homes,

Inc.

REIT

368,003

9,277

Iron

Mountain,

Inc.

REIT

945,697

21,465

Kimco

Realty

Corp.

REIT

469,010

3,176

Mid-America

Apartment

Communities,

Inc.

REIT

443,782

29,464

Prologis,

Inc.

REIT

3,374,217

4,634

Public

Storage

REIT

1,338,531

27,172

Realty

Income

Corp.

REIT

1,651,786

4,124

Regency

Centers

Corp.

REIT

300,640

3,038

SBA

Communications

Corp.

REIT

587,397

11,319

Simon

Property

Group,

Inc.

REIT

2,124,237

7,698

UDR,

Inc.

REIT

286,827

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Real

#### Estate

#### –
(continued)

13,041

Ventas,

Inc.

REIT

$

912,740

32,093

VICI

Properties,

Inc.

REIT

1,046,553

21,019

Welltower,

Inc.

REIT

3,744,325

21,020

Weyerhaeuser

Co.

REIT

521,086

33,984,424

#### Utilities

#### –

#### 2.4%
23,064

AES

Corp.

(The)

303,522

7,872

Alliant

Energy

Corp.

530,652

7,864

Ameren

Corp.

820,844

16,992

American

Electric

Power

Co.,

Inc.

1,911,600

4,766

American

Water

Works

Co.,

Inc.

663,380

4,215

Atmos

Energy

Corp.

719,711

20,411

CenterPoint

Energy,

Inc.

791,947

7,972

CMS

Energy

Corp.

584,029

10,672

Consolidated

Edison,

Inc.

1,072,749

9,841

Constellation

Energy

Corp.

3,238,378

27,232

Dominion

Energy,

Inc.

1,665,781

6,289

DTE

Energy

Co.

889,453

24,719

Duke

Energy

Corp.

3,058,976

12,399

Edison

International

685,417

14,718

Entergy

Corp.

1,371,570

7,991

Evergy,

Inc.

607,476

11,451

Eversource

Energy

814,624

31,420

Exelon

Corp.

1,414,214

15,074

FirstEnergy

Corp.

690,691

64,628

NextEra

Energy,

Inc.

4,878,768

16,603

NiSource,

Inc.

718,910

6,384

NRG

Energy,

Inc.

1,033,889

69,765

PG&E

Corp.

1,052,056

3,600

Pinnacle

West

Capital

Corp.

322,776

21,779

PPL

Corp.

809,308

15,643

Public

Service

Enterprise

Group,

Inc.

1,305,565

21,854

Sempra

1,966,423

35,224

Southern

Co.

(The)

3,338,178

10,296

Vistra

Corp.

2,017,192

9,774

WEC

Energy

Group,

Inc.

1,120,003

18,670

Xcel

Energy,

Inc.

1,505,735

41,903,817

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $1,539,414,404)
1,762,996,177

#### Shares

#### Dividend

#### Rate

#### Value
aa

#### Investment

#### Company

#### –

#### 0.1%
(b) Goldman

Sachs

Financial

Square

Treasury

Obligations

Fund

–

Institutional

Shares

2,559,669

4.017%

2,559,669

(Cost

$2,559,669)

#### TOTAL

#### INVESTMENTS

#### BEFORE

#### SECURITIES

#### LENDING

#### REINVESTMENT

#### VEHICLE

#### (Cost

#### $1,541,974,073)
1,765,555,846

Goldman

Sachs

S&P

500

Core

Premium

Income

ETF

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

#### Additional

#### Investment

#### Information

#### \*\*End

#### swaps

#### header\*\*

#### Shares

#### Dividend

#### Rate

#### Value
a

#### Securities

#### Lending

#### Reinvestment

#### Vehicle

#### –

#### 0.0%
(b) Goldman

Sachs

Financial

Square

Government

Fund

-

Institutional

Shares

160,871

4.040%

$

160,871

(Cost

$160,871)

#### TOTAL

#### INVESTMENTS

#### –

#### 100.2%

#### (Cost

#### $1,542,134,944)
$

1,765,716,717

#### LIABILITIES

#### IN

#### EXCESS

#### OF

#### OTHER

#### ASSETS

#### –

#### (0.2)%
(3,080,734)

#### NET

#### ASSETS

#### –

#### 100.0%
$

1,762,635,983

&nbsp;&nbsp;&nbsp;&nbsp;a

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) All

or

a

portion

of

security

is

on

loan.

(b) Represents

an

affiliated

issuer.

Investment

Abbreviations:

PLC

—

Public

Limited

Company

REIT

—

Real

Estate

Investment

Trust

#### WRITTEN

#### OPTIONS

#### CONTRACTS
—

At

September

30,

2025,

the

Fund

had

the

following

written

option

contracts:

#### OVER-THE-COUNTER

#### OPTIONS

#### ON

#### EQUITIES

#### Description

#### Counterparty

#### Exercise

#### Rate

#### Expiration

#### Date

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Market

#### Value

#### Premiums

#### Paid
(Received)

#### by

#### the

#### Fund

#### Unrealized

#### Appreciation/
(Depreciation)

Written

Option

Contracts:

Calls

SPDR

S&P

500

ETF

Trust

Morgan

Stanley

and

Co.

$

664.47 11/03/2025

(243) $

(24,300)

$

(284,978)

$

(284,978)

$

–

SPDR

S&P

500

ETF

Trust

Morgan

Stanley

and

Co.

663.00 11/03/2025

(610) (61,000)

(841,033)

(712,937)

(128,095)

SPDR

S&P

500

ETF

Trust

Morgan

Stanley

and

Co.

665.00 10/27/2025

(2,652)

(265,200)

(2,764,479)

(2,794,545)

30,066

SPDR

S&P

500

ETF

Trust

Morgan

Stanley

and

Co.

660.00 10/20/2025

(2,245)

(224,500)

(2,733,825)

(2,081,228)

(652,598)

SPDR

S&P

500

ETF

Trust

Morgan

Stanley

and

Co.

647.00 10/13/2025

(2,074)

(207,400)

(4,430,146)

(2,011,262)

(2,418,884)

SPDR

S&P

500

ETF

Trust

Morgan

Stanley

and

Co.

647.00 10/06/2025

(2,045)

(204,500)

(4,068,485)

(1,788,864)

(2,279,621)

Total

written

option

contracts

(9,869)

$

(986,900)

$

(15,122,946)

$

(9,673,814)

$

(5,449,132)

Goldman

Sachs

Premium

Income

ETFs

Schedule

of

Investments

September

30,

2025

(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

Funds'

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

measurements)

and

the

lowest

priority

to

unobservable

inputs

(Level

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

—

Unadjusted

quoted

prices

in

active

markets

that

are

accessible

at

the

measurement

date

for

identical,

unrestricted

assets

or

liabilities;

Level

—

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

—

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

the

Adviser

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.

A. Level

and

Level

Fair

Value

Investments

—

The

valuation

techniques

and

significant

inputs

used

in

determining

the

fair

values

for

investments

classified

as

Level

and

Level

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

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. Goldman

Sachs

Premium

Income

ETFs

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

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

Statement

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

Schedule

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

last

bid

price

for

long

positions

and

the

last

ask

price

for

short

positions

on

the

exchange

where

they

are

principally

traded.

Exchange

traded

derivatives

typically

fall

within

Level

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

of

the

fair

value

hierarchy

when

significant

inputs

are

corroborated

by

market

evidence.

i. 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.

Money

Market

Funds

—

Investments

in

the

Goldman

Sachs

Financial

Square

Treasury

Obligations

Fund

("Underlying

Money

Market

Fund")

are

valued

at

the

NAV

per

share

of

the

Institutional

Share

class

on

the

day

of

valuation.

These

investments

are

generally

classified

as

Level

of

the

fair

value

hierarchy.

For

information

regarding

the

Underlying

Money

Market

Fund's

accounting

policies

and

investment

holdings,

please

see

the

Underlying

Money

Market

Fund's

shareholder

report.

B. Level

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

investments.

C. Fair

Value

Hierarchy

—

The

following

is

a

summary

of

the

Funds'

investments

classified

in

the

fair

value

hierarchy

as

of

September

30,

2025:

(a) #### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Premium

Income

ETFs

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

For

further

information

regarding

security

characteristics,

see

the

Schedules

of

Investments.

D. Securities

Lending

—

The

Funds

may

lend

their

securities

through

a

securities

lending

agent,

the

Bank

of

New

York

Mellon

("BNYM"),

to

certain

qualified

borrowers.

In

accordance

with

the

Funds'

securities

lending

procedures,

the

Funds

receive

cash

collateral

at

least

equal

to

the

market

value

of

the

securities

on

loan.

The

market

value

of

the

loaned

securities

is

determined

at

the

close

of

business

of

the

Funds,

at

their

last

sale

price

or

official

closing

price

on

the

principal

exchange

or

system

on

which

they

are

traded,

and

any

additional

required

collateral

is

delivered

to

the

Funds

on

the

next

business

day.

As

with

other

extensions

of

credit,

the

Funds

may

experience

delay

in

the

recovery

of

their

securities

or

incur

a

loss

should

the

borrower

of

the

securities

breach

its

agreement

with

the

Funds

or

become

insolvent

at

a

time

when

the

collateral

is

insufficient

to

cover

the

cost

of

repurchasing

securities

on

loan.

Dividend

income

received

from

securities

on

loan

may

not

be

subject

to

withholding

taxes

and

therefore

withholding

taxes

paid

may

differ

from

the

amounts

listed

in

the

Statements

of

Operations.

Loans

of

securities

are

terminable

at

any

time

and

as

such

1)

the

remaining

contractual

maturities

of

the

outstanding

securities

lending

transactions

are

considered

to

be

overnight

and

continuous

and

2)

the

#### Nasdaq-100

#### Premium

#### Income

#### ETF

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) Asia

$

8,419,758

$

—

$

—

Europe

21,450,402

—

—

North

America

1,721,261,222

—

—

South

America

11,049,052

—

—

Investment

Company

1,817,624

—

—

#### Total
$

1,763,998,058

$

—

$

—

€

1.00 €

1.00 €

1.00 #### Derivative

#### Type

#### Liabilities
Written

Options

Contracts

$

—

$

(23,136,817)

$

—

€

1.00 €

1.00 €

1.00 (a) #### S&P

#### 500

#### Core

#### Premium

#### Income

#### ETF

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) Europe

$

9,014,189

$

—

$

—

North

America

1,753,981,988

—

—

Investment

Company

2,559,669

—

—

Securities

Lending

Reinvestment

Vehicle

160,871

—

—

#### Total
$

1,765,716,717

$

—

$

—

€

1.00 €

1.00 €

1.00 #### Derivative

#### Type

#### Liabilities
Written

Options

Contracts

$

—

$

(15,122,946)

$

—

€

1.00 €

1.00 €

1.00 (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

noted

in

table.

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Premium

Income

ETFs

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

borrower,

after

notice,

is

required

to

return

borrowed

securities

within

the

standard

time

period

for

settlement

of

securities

transactions.

The

Funds

invest

the

cash

collateral

received

in

connection

with

securities

lending

transactions

in

the

Goldman

Sachs

Financial

Square

Government

Fund

("Government

Money

Market

Fund"),

an

affiliated

series

of

the

Goldman

Sachs

Trust.

The

Government

Money

Market

Fund

is

registered

under

the

Act

as

an

open

end

investment

company,

is

subject

to

Rule

2a-7

under

the

Act,

and

is

managed

by

GSAM,

for

which

GSAM

may

receive

a

management

fee

of

up

to

0.16%

on

an

annualized

basis

of

the

average

daily

net

assets

of

the

Government

Money

Market

Fund.

In

the

event

of

a

default

by

a

borrower

with

respect

to

any

loan,

BNYM

may

exercise

any

and

all

remedies

provided

under

the

applicable

borrower

agreement

to

make

the

Funds

whole.

These

remedies

include

purchasing

replacement

securities

by

applying

the

collateral

held

from

the

defaulting

broker

against

the

purchase

cost

of

the

replacement

securities.

If

BNYM

is

unable

to

purchase

replacement

securities,

BNYM

will

indemnify

the

Funds

by

paying

the

Funds

an

amount

equal

to

the

market

value

of

the

securities

loaned

minus

the

value

of

cash

collateral

received

from

the

borrower

for

the

loan,

subject

to

an

exclusion

for

any

shortfalls

resulting

from

a

loss

of

value

in

such

cash

collateral

due

to

reinvestment

risk.

The

Funds'

master

netting

agreements

with

certain

borrowers

provide

the

right,

in

the

event

of

a

default

(including

bankruptcy

or

insolvency),

for

the

non-defaulting

party

to

liquidate

the

collateral

and

calculate

net

exposure

to

the

defaulting

party

or

request

additional

collateral.

However,

in

the

event

of

a

default

by

a

borrower,

a

resolution

authority

could

determine

that

such

rights

are

not

enforceable

due

to

the

restrictions

or

prohibitions

against

the

right

of

set-off

that

may

be

imposed

in

accordance

with

a

particular

jurisdiction's

bankruptcy

or

insolvency

laws.

The

Funds'

loaned

securities

were

all

subject

to

enforceable

Securities

Lending

Agreements,

and

the

value

of

the

collateral

was

at

least

equal

to

the

value

of

the

cash

received.

The

Funds'

risks

include,

but

are

not

limited

to,

the

following:

Industry

Concentration

Risk

—

Concentrating

Fund

investments

in

a

limited

number

of

issuers

conducting

business

in

the

same

industry

or

group

of

industries

will

subject

the

Fund

to

a

greater

risk

of

loss

as

a

result

of

adverse

economic,

business,

political,

environmental

or

other

developments

than

if

its

investments

were

diversified

across

different

industries.

Large

Shareholder

Transactions

Risk

—

Certain

shareholders,

including

other

funds

advised

by

the

Investment

Adviser,

may

from

time

to

time

own

a

substantial

amount

of

the

Fund's

Shares.

In

addition,

a

third

party

investor,

the

Investment

Adviser

or

an

affiliate

of

the

Investment

Adviser,

an

authorized

participant,

a

lead

market

maker,

or

another

entity

(i.e.,

a

seed

investor)

may

invest

in

the

Fund

and

hold

its

investment

solely

to

facilitate

commencement

of

the

Fund

or

to

facilitate

the

Fund's

achieving

a

specified

size

or

scale.

Any

such

investment

may

be

held

for

a

limited

period

of

time.

There

can

be

no

assurance

that

any

large

shareholder

would

not

redeem

its

investment,

that

the

size

of

the

Fund

would

be

maintained

at

such

levels

or

that

the

Fund

would

continue

to

meet

applicable

listing

requirements.

Redemptions

by

large

shareholders

could

have

a

significant

negative

impact

on

the

Fund,

including

on

the

Fund's

liquidity.

In

addition,

transactions

by

large

shareholders

may

account

for

a

large

percentage

of

the

trading

volume

on

NASDAQ

and

may,

therefore,

have

a

material

upward

or

downward

effect

on

the

market

price

of

the

Shares.

Market

Risk

—

The

value

of

the

securities

in

which

the

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.

Market

Trading

Risk

—

Each

Fund

faces

numerous

market

trading

risks,

including

disruptions

to

creations

and

redemptions,

the

existence

of

extreme

market

volatility

or

potential

lack

of

an

active

trading

market

for

Shares.

If

a

shareholder

purchases

Shares

at

a

time

when

the

market

price

is

at

a

premium

to

the

NAV

or

sells

Shares

at

a

time

when

the

market

price

is

at

a

discount

to

the

NAV,

the

shareholder

may

pay

more

for,

or

receive

less

than,

the

underlying

value

of

the

Shares,

respectively.

The

Investment

Adviser

cannot

predict

whether

Shares

will

trade

below,

at

or

above

their

NAV.

Price

differences

may

be

due,

in

large

part,

to

the

fact

that

supply

and

demand

forces

at

work

in

the

secondary

trading

market

for

Shares

will

be

closely

related

to,

but

not

identical

to,

the

same

forces

influencing

the

prices

of

the

securities

of

a

Fund's

Index

trading

individually

or

in

the

aggregate

at

any

point

in

time.

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Premium

Income

ETFs

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

Non-Diversification

Risk

—

The

Core

Premium

Income

ETF

is

non-diversified,

meaning

that

it

is

permitted

to

invest

a

larger

percentage

of

its

assets

in

one

or

more

issuers

or

in

fewer

issuers

than

diversified

funds.

Thus,

a

Fund

may

be

more

susceptible

to

adverse

developments

affecting

any

single

issuer

held

in

its

portfolio,

and

may

be

more

susceptible

to

greater

losses

because

of

these

developments.

Option

Writing

Risk

—

Writing

(selling)

options

may

limit

the

opportunity

to

profit

from

an

increase

or

decrease

in

the

market

value

of

a

reference

security

in

exchange

for

up-front

cash

(the

premium)

at

the

time

of

selling

the

option.

In

a

sharp

rising

or

falling

market,

the

Fund

could

significantly

underperform

the

market

or

other

portfolios

without

an

option

writing

strategy.

The

Fund

could

also

experience

a

sudden,

significant

permanent

loss

due

to

dramatic

movements

in

the

market

value

of

reference

security,

which

may

far

exceed

the

premiums

received

for

writing

the

option.

Such

significant

losses

could

cause

significant

deteriorations

in

the

Fund's

NAV.

Furthermore,

the

premium

received

from

the

Fund's

option

writing

strategies

may

not

fully

protect

it

against

market

movements

because

the

Fund

will

continue

to

bear

the

risk

of

movements

in

the

value

of

its

portfolio

investments.

Tracking

Error/Index

Risk

—

Tracking

error

is

the

divergence

of

the

Fund's

performance

(without

regard

to

the

options

overwrite

strategy)

from

that

of

the

benchmark.

The

performance

of

the

Fund's

equity

investments

may

diverge

from

that

of

the

benchmark

for

a

number

of

reasons.

Tracking

error

may

occur

because

of

transaction

costs,

the

Fund's

holding

of

cash,

differences

in

accrual

of

dividends,

changes

to

the

benchmark

or

the

need

to

meet

new

or

existing

regulatory

requirements.

Unlike

the

Fund,

the

returns

of

the

benchmark

are

not

reduced

by

investment

and

other

operating

expenses,

including

the

trading

costs

associated

with

implementing

changes

to

its

portfolio

of

investments.

Tracking

error

risk

may

be

heightened

during

times

of

market

volatility

or

other

unusual

market

conditions.

The

Fund

will

be

negatively

affected

by

general

declines

in

the

securities

and

asset

classes

represented

in

the

benchmark.

In

addition,

unless

a

specific

security

is

removed

from

the

benchmark,

the

Fund

generally

would

not

sell

a

security

because

the

security's

issuer

was

in

financial

trouble.

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

## 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 ETF Trust

- **b. Investment Company Act file number:** 811-23013

- **c. CIK number of Registrant:** 0001479026

- **d. LEI of Registrant:** 549300VEZF7K2ES5WL82

- **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:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Nasdaq-100 Premium Income ETF

- **b. EDGAR series identifier (if any):** S000081510

- **c. LEI of Series:** 984500CAFEAB347DZ871

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1779107388.60

**Total Liabilities:** $23251260.35

**Net Assets:** $1755856128.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244420 | 2.16%                | 1.32%                | 4.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2084276.94             | $28237436.02                               |
| Month 2  | $-2413844.74             | $11188380.74                               |
| Month 3  | $-4024203.39             | $86697044.40                               |

**Designated Index Information**

- **Index Name:** Nasdaq 100 (Total Return, Unhedged, USD)

- **Index Identifier:** NANAXXX4SM

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mondelez International Inc                               | Mondelez International Inc                               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    122079 | NS      | $7626275.13   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                                  | Lululemon Athletica Inc                                  | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |     10549 | NS      | $1876983.57   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                        | Cisco Systems Inc                                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    375113 | NS      | $25665231.46  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                                   | Roper Technologies Inc                                   | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      9793 | NS      | $4883671.17   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                              | Cintas Corp                                              | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38152 | NS      | $7831079.52   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                                 | Crowdstrike Holdings Inc                                 | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     23901 | NS      | $11720572.38  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners                           | Coca-Cola Europacific Partners PLC                       | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     43701 | NS      | $3951007.41   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                              | Netflix Inc                                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     40176 | NS      | $48167809.92  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                           | Microsoft Corp                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    286051 | NS      | $148160115.45 | 8.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                     | Booking Holdings Inc                                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3084 | NS      | $16651348.68  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                                    | Micron Technology Inc                                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    105855 | NS      | $17711658.60  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                           | American Electric Power Co Inc                           | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     50338 | NS      | $5663025.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                            | Automatic Data Processing Inc                            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     38511 | NS      | $11302978.50  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                        | Lam Research Corp                                        | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    119601 | NS      | $16014573.90  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc                                         | PDD Holdings Inc                                         | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |     63704 | NS      | $8419757.68   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                                    | ON Semiconductor Corp                                    | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     38216 | NS      | $1884430.96   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                              | Datadog Inc                                              | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     30790 | NS      | $4384496.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                          | Ross Stores Inc                                          | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     31126 | NS      | $4743291.14   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                               | PACCAR Inc                                               | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     50107 | NS      | $4926520.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                               | Copart Inc                                               | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     86862 | NS      | $3906184.14   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                   | Diamondback Energy Inc                                   | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     27011 | NS      | $3865274.10   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                                   | Marvell Technology Inc                                   | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81889 | NS      | $6884408.23   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                                  | O'Reilly Automotive Inc                                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     80908 | NS      | $8722691.48   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                          | ASML Holding NV                                          | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      7982 | NS      | $7727294.38   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                             | Alphabet Inc                                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    223500 | NS      | $54332850.00  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                          | T-Mobile US Inc                                          | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    106539 | NS      | $25503305.82  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                | Apple Inc                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    570717 | NS      | $145321669.71 | 8.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financial Square Treasury Obligations Fund | Goldman Sachs Financial Square Treasury Obligations Fund | CUSIP: 38141W323<br>LEI: 549300C0TCI4VJPGCS21 | Long             | STIV             | RF                | US        |   1817624 | NS      | $1817624.07   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                              | Shopify Inc                                              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    115667 | NS      | $17189272.87  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | INVESCO QQQ TRUST SERIES 1                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -2499 | NC      | $-4277735.99  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                          | Xcel Energy Inc                                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     56135 | NS      | $4527287.75   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                      | Axon Enterprise Inc                                      | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      7337 | NS      | $5265324.68   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                                       | Trade Desk Inc/The                                       | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     40469 | NS      | $1983385.69   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                       | Meta Platforms Inc                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     83394 | NS      | $61242885.72  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                             | Fortinet Inc                                             | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     71359 | NS      | $5999864.72   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                         | MercadoLibre Inc                                         | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      4728 | NS      | $11049052.32  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                             | Alphabet Inc                                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    208638 | NS      | $50813784.90  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                               | Advanced Micro Devices Inc                               | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    153695 | NS      | $24866314.05  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions                           | Cognizant Technology Solutions Corp                      | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     44842 | NS      | $3007552.94   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                             | Synopsys Inc                                             | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     17395 | NS      | $8582519.05   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc                                      | GLOBALFOUNDRIES Inc                                      | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | US        |     53126 | NS      | $1904035.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                              | Workday Inc                                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     20640 | NS      | $4968667.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                             | Broadcom Inc                                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    298828 | NS      | $98586345.48  | 5.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                                | Amgen Inc                                                | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     50800 | NS      | $14335760.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                               | Intel Corp                                               | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    414501 | NS      | $13906508.55  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                   | Intuitive Surgical Inc                                   | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     33341 | NS      | $14911095.43  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                                           | Atlassian Corp                                           | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |     15336 | NS      | $2449159.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                                   | IDEXX Laboratories Inc                                   | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      7565 | NS      | $4833202.85   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                                    | Monster Beverage Corp                                    | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     93199 | NS      | $6273224.69   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                              | NVIDIA Corp                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    934141 | NS      | $174292027.78 | 9.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                                             | Strategy Inc                                             | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     24763 | NS      | $7978886.23   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CITADEL SECURITIES INSTITUTIONAL LLC                     | INVESCO QQQ TRUST SERIES 1                               | CUSIP: 000000000<br>LEI: 549300MLQ1S3715IUK04 | N/A              | DE               | CORP              | US        |     -2130 | NC      | $-5610075.74  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo Inc                                              | PepsiCo Inc                                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    129458 | NS      | $18181081.52  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                                       | Kraft Heinz Co/The                                       | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    108939 | NS      | $2836771.56   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                              | Exelon Corp                                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     94604 | NS      | $4258126.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                              | Zscaler Inc                                              | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |     14748 | NS      | $4419385.68   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                | Tesla Inc                                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    140132 | NS      | $62319503.04  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                             | Comcast Corp                                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    344408 | NS      | $10821299.36  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                               | Intuit Inc                                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     26318 | NS      | $17972825.38  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                    | Applied Materials Inc                                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     75692 | NS      | $15497180.08  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                              | Honeywell International Inc                              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     60091 | NS      | $12649155.50  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                              | CDW Corp/DE                                              | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     12569 | NS      | $2001990.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                               | Dexcom Inc                                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     35605 | NS      | $2395860.45   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                                 | KLA Corp                                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     12505 | NS      | $13487893.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                                | Constellation Energy Corp                                | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     29665 | NS      | $9761861.55   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                    | Costco Wholesale Corp                                    | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     41641 | NS      | $38544158.83  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                            | Old Dominion Freight Line Inc                            | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     19346 | NS      | $2723529.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                               | Airbnb Inc                                               | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     40684 | NS      | $4939851.28   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                   | Palo Alto Networks Inc                                   | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     63802 | NS      | $12991363.24  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                 | Microchip Technology Inc                                 | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     50606 | NS      | $3249917.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                      | PayPal Holdings Inc                                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     91094 | NS      | $6108763.64   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                             | QUALCOMM Inc                                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    102686 | NS      | $17082842.96  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                                     | Verisk Analytics Inc                                     | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     12600 | NS      | $3169026.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                               | Vertex Pharmaceuticals Inc                               | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     23901 | NS      | $9360587.64   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                             | Autodesk Inc                                             | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     20393 | NS      | $6478244.31   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                                 | CSX Corp                                                 | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    177832 | NS      | $6314814.32   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                             | DoorDash Inc                                             | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     38151 | NS      | $10376690.49  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                    | Texas Instruments Inc                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     85748 | NS      | $15754480.04  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | INVESCO QQQ TRUST SERIES 1                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -2690 | NC      | $-3085170.99  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                           | Amazon.com Inc                                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    410504 | NS      | $90134363.28  | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                              | Fastenal Co                                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    109319 | NS      | $5361003.76   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp                                     | Thomson Reuters Corp                                     | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     41153 | NS      | $6392295.49   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                      | Gilead Sciences Inc                                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    118290 | NS      | $13130190.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                              | Paychex Inc                                              | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     32719 | NS      | $4147460.44   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC                                         | ARM Holdings PLC                                         | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |     12670 | NS      | $1792678.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                          | AstraZeneca PLC                                          | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     56110 | NS      | $4304759.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                               | Charter Communications Inc                               | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     12627 | NS      | $3473750.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software                            | Take-Two Interactive Software Inc                        | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     17537 | NS      | $4530859.32   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                | Linde PLC                                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |     44648 | NS      | $21207800.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc                           | GE HealthCare Technologies Inc                           | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     43556 | NS      | $3271055.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                 | INVESCO QQQ TRUST SERIES 1                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               | CORP              | US        |     -2891 | NC      | $-8331284.37  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| Starbucks Corp                                           | Starbucks Corp                                           | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    107801 | NS      | $9119964.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                                | Warner Bros Discovery Inc                                | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    234646 | NS      | $4582636.38   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                                     | Keurig Dr Pepper Inc                                     | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    117795 | NS      | $3004950.45   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                | Adobe Inc                                                | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     39579 | NS      | $13961492.25  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                       | Analog Devices Inc                                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     46851 | NS      | $11511290.70  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                                         | CoStar Group Inc                                         | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     40107 | NS      | $3383827.59   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                            | Marriott International Inc/MD                            | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     25963 | NS      | $6761803.72   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CITADEL SECURITIES INSTITUTIONAL LLC                     | INVESCO QQQ TRUST SERIES 1                               | CUSIP: 000000000<br>LEI: 549300MLQ1S3715IUK04 | N/A              | DE               | CORP              | US        |      -871 | NC      | $-1423867.02  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| AppLovin Corp                                            | AppLovin Corp                                            | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     29073 | NS      | $20890113.42  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                                      | Electronic Arts Inc                                      | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     23839 | NS      | $4808326.30   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                               | Biogen Inc                                               | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     13944 | NS      | $1953275.52   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                    | NXP Semiconductors NV                                    | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     24008 | NS      | $5467341.84   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                          | Baker Hughes Co                                          | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94035 | NS      | $4581385.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                               | Cadence Design Systems Inc                               | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     26054 | NS      | $9151728.04   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                                | Palantir Technologies Inc                                | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    214890 | NS      | $39200233.80  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                            | Regeneron Pharmaceuticals Inc                            | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      9860 | NS      | $5543982.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

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

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer