# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0001752724-23-012763
**Filing Date:** 2023-1
**Character Count:** 1296231
**Document Hash:** f20009f8365febe6d3127b3b9b0ed69a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012763.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012763

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026
- **IRS NUMBER:** 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:** 23552253

**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 Access Investment Grade Corporate Bond ETF (Series ID: S000057838)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000186809 | Goldman Sachs Access Investment Grade Corporate Bond ETF | GIGB            |

## Nport-Ex

GOLDMAN SACHS ACCESS EMERGING MARKETS USD BOND ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – 85.3%** | **Sovereign Debt Obligations – 85.3%** | **Sovereign Debt Obligations – 85.3%** | **Sovereign Debt Obligations – 85.3%** |
| **Angola – 1.5%** | **Angola – 1.5%** | **Angola – 1.5%** | **Angola – 1.5%** |
| Angolan Government International Bond (NR/B3) | Angolan Government International Bond (NR/B3) | Angolan Government International Bond (NR/B3) | Angolan Government International Bond (NR/B3) |
| 400000 | 8.250% | 05/09/28 | $373184 |
| 200000 | 9.375 | 05/08/48 | 167313 |
| 200000 | 9.125 | 11/26/49 | 164569 |
|  |  |  | 705066 |
| **Bahamas – 0.3%** | **Bahamas – 0.3%** | **Bahamas – 0.3%** | **Bahamas – 0.3%** |
| Bahamas Government International Bond (B+/B1) | Bahamas Government International Bond (B+/B1) | Bahamas Government International Bond (B+/B1) | Bahamas Government International Bond (B+/B1) |
| 200000 | 8.950 | 10/15/32 | 152000 |
| **Bahrain – 2.2%** | **Bahrain – 2.2%** | **Bahrain – 2.2%** | **Bahrain – 2.2%** |
| Bahrain Government International Bond (B+/NR) | Bahrain Government International Bond (B+/NR) | Bahrain Government International Bond (B+/NR) | Bahrain Government International Bond (B+/NR) |
| 350000 | 7.000 | 01/26/26 | 358624 |
| 225000 | 7.375 | 05/14/30 | 229354 |
| 200000 | 5.625 | 09/30/31 | 182171 |
| 325000 | 6.000 | 09/19/44 | 251050 |
|  |  |  | 1021199 |
| **Chile – 3.5%** | **Chile – 3.5%** | **Chile – 3.5%** | **Chile – 3.5%** |
| Chile Government International Bond (A/A2) | Chile Government International Bond (A/A2) | Chile Government International Bond (A/A2) | Chile Government International Bond (A/A2) |
| 610000 | 3.125 | 01/21/26 | 580715 |
| 400000 | 3.240 | 02/06/28 | 374967 |
| 600000 | 3.500 | 01/31/34 | 523709 |
| 200000 | 4.000 | 01/31/52 | 158974 |
|  |  |  | 1638365 |
| **China – 2.5%** | **China – 2.5%** | **China – 2.5%** | **China – 2.5%** |
| China Government International Bond (NR/NR) | China Government International Bond (NR/NR) | China Government International Bond (NR/NR) | China Government International Bond (NR/NR) |
| 400000 | 1.250 | 10/26/26 | 360907 |
| 400000 | 2.750 | 12/03/39 | 320578 |
| 250000 | 4.000 | 10/19/48 | 233533 |
| 400000 | 2.250 | 10/21/50 | 261160 |
|  |  |  | 1176178 |
| **Colombia – 5.8%** | **Colombia – 5.8%** | **Colombia – 5.8%** | **Colombia – 5.8%** |
| Colombia Government International Bond (BB+/Baa2) | Colombia Government International Bond (BB+/Baa2) | Colombia Government International Bond (BB+/Baa2) | Colombia Government International Bond (BB+/Baa2) |
| 300000 | 3.875 | 04/25/27 | 262489 |
| 460000 | 3.000 | 01/30/30 | 343972 |
| 500000 | 3.125 | 04/15/31 | 362714 |
| 250000 | 3.250 | 04/22/32 | 177608 |
| 380000 | 7.375 | 09/18/37 | 349640 |
| 300000 | 6.125 | 01/18/41 | 236086 |
| 275000 | 5.625 | 02/26/44 | 197617 |
| 550000 | 5.000 | 06/15/45 | 364511 |
| 400000 | 5.200 | 05/15/49 | 266424 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **Colombia – (continued)** | **Colombia – (continued)** | **Colombia – (continued)** | **Colombia – (continued)** |
| Colombia Government International Bond (BB+/Baa2) – (continued) | Colombia Government International Bond (BB+/Baa2) – (continued) | Colombia Government International Bond (BB+/Baa2) – (continued) | Colombia Government International Bond (BB+/Baa2) – (continued) |
| 200000 | 4.125% | 05/15/51 | $116709 |
|  |  |  | 2677770 |
| **Costa Rica – 0.9%** | **Costa Rica – 0.9%** | **Costa Rica – 0.9%** | **Costa Rica – 0.9%** |
| Costa Rica Government International Bond (B/B2) | Costa Rica Government International Bond (B/B2) | Costa Rica Government International Bond (B/B2) | Costa Rica Government International Bond (B/B2) |
| 250000 | 6.125 | 02/19/31 | 241875 |
| 200000 | 7.158 | 03/12/45 | 188750 |
|  |  |  | 430625 |
| **Croatia – 0.8%** | **Croatia – 0.8%** | **Croatia – 0.8%** | **Croatia – 0.8%** |
| Croatia Government International Bond (BBB+/Baa2) | Croatia Government International Bond (BBB+/Baa2) | Croatia Government International Bond (BBB+/Baa2) | Croatia Government International Bond (BBB+/Baa2) |
| 350000 | 6.000 | 01/26/24 | 352625 |
| **Dominican Republic – 4.2%** | **Dominican Republic – 4.2%** | **Dominican Republic – 4.2%** | **Dominican Republic – 4.2%** |
| Dominican Republic International Bond (BB-/Ba3) | Dominican Republic International Bond (BB-/Ba3) | Dominican Republic International Bond (BB-/Ba3) | Dominican Republic International Bond (BB-/Ba3) |
| 450000 | 5.950 | 01/25/27 | 437625 |
| 225000 | 6.000 | 07/19/28 | 216844 |
| 225000 | 4.500 | 01/30/30 | 190969 |
| 450000 | 4.875 | 09/23/32 | 373500 |
| 175000 | 7.450 | 04/30/44 | 163187 |
| 225000 | 6.850 | 01/27/45 | 195187 |
| 200000 | 6.400 | 06/05/49 | 161250 |
| 300000 | 5.875 | 01/30/60 | 221250 |
|  |  |  | 1959812 |
| **Ecuador – 1.8%** | **Ecuador – 1.8%** | **Ecuador – 1.8%** | **Ecuador – 1.8%** |
| Ecuador Government International Bond (B-/NR) | Ecuador Government International Bond (B-/NR) | Ecuador Government International Bond (B-/NR) | Ecuador Government International Bond (B-/NR) |
| 450000 | 5.500 <sup>(a)</sup> | 07/31/30 | 273937 |
| 850000 | 2.500 <sup>(a)</sup> | 07/31/35 | 374000 |
| 450000 | 1.500 <sup>(a)</sup> | 07/31/40 | 179438 |
|  |  |  | 827375 |
| **Egypt – 5.1%** | **Egypt – 5.1%** | **Egypt – 5.1%** | **Egypt – 5.1%** |
| Egypt Government International Bond (NR/B2) | Egypt Government International Bond (NR/B2) | Egypt Government International Bond (NR/B2) | Egypt Government International Bond (NR/B2) |
| 300000 | 5.750 | 05/29/24 | 288400 |
| 200000 | 5.875 | 06/11/25 | 184311 |
| 200000 | 3.875 | 02/16/26 | 164354 |
| 200000 | 7.500 | 01/31/27 | 178750 |
| 300000 | 5.800 | 09/30/27 | 247114 |
| 200000 | 6.588 | 02/21/28 | 164265 |
| 350000 | 7.625 | 05/29/32 | 265905 |
| 200000 | 7.300 | 09/30/33 | 145725 |
| 450000 | 8.500 | 01/31/47 | 302071 |
| 200000 | 8.700 | 03/01/49 | 136166 |

---

------

GOLDMAN SACHS ACCESS EMERGING MARKETS USD BOND ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **Egypt – (continued)** | **Egypt – (continued)** | **Egypt – (continued)** | **Egypt – (continued)** |
| Egypt Government International Bond (NR/B2) – (continued) | Egypt Government International Bond (NR/B2) – (continued) | Egypt Government International Bond (NR/B2) – (continued) | Egypt Government International Bond (NR/B2) – (continued) |
| 200000 | 8.875% | 05/29/50 | $137928 |
| 200000 | 7.500 | 02/16/61 | 127936 |
|  |  |  | 2342925 |
| **Guatemala – 0.8%** | **Guatemala – 0.8%** | **Guatemala – 0.8%** | **Guatemala – 0.8%** |
| Guatemala Government Bond (BB-/Ba1) | Guatemala Government Bond (BB-/Ba1) | Guatemala Government Bond (BB-/Ba1) | Guatemala Government Bond (BB-/Ba1) |
| 200000 | 3.700 | 10/07/33 | 164500 |
| 200000 | 6.125 | 06/01/50 | 185000 |
|  |  |  | 349500 |
| **Hungary – 3.1%** | **Hungary – 3.1%** | **Hungary – 3.1%** | **Hungary – 3.1%** |
| Hungary Government International Bond (BBB/Baa2) | Hungary Government International Bond (BBB/Baa2) | Hungary Government International Bond (BBB/Baa2) | Hungary Government International Bond (BBB/Baa2) |
| 200000 | 5.750 | 11/22/23 | 200750 |
| 400000 | 5.375 | 03/25/24 | 401002 |
| 200000 | 5.250 | 06/16/29 | 192617 |
| 200000 | 5.500 | 06/16/34 | 190650 |
| 400000 | 7.625 | 03/29/41 | 437101 |
|  |  |  | 1422120 |
| **Indonesia – 3.9%** | **Indonesia – 3.9%** | **Indonesia – 3.9%** | **Indonesia – 3.9%** |
| Indonesia Government International Bond (BBB/Baa2) | Indonesia Government International Bond (BBB/Baa2) | Indonesia Government International Bond (BBB/Baa2) | Indonesia Government International Bond (BBB/Baa2) |
| 330000 | 4.125 | 01/15/25 | 326612 |
| 350000 | 2.850 | 02/14/30 | 313504 |
| 400000 | 4.650 | 09/20/32 | 397377 |
| 125000 | 8.500 | 10/12/35 | 157185 |
| 325000 | 7.750 | 01/17/38 | 392041 |
| 275000 | 3.050 | 03/12/51 | 198654 |
|  |  |  | 1785373 |
| **Jamaica – 1.2%** | **Jamaica – 1.2%** | **Jamaica – 1.2%** | **Jamaica – 1.2%** |
| Jamaica Government International Bond (B+/B2) | Jamaica Government International Bond (B+/B2) | Jamaica Government International Bond (B+/B2) | Jamaica Government International Bond (B+/B2) |
| 200000 | 6.750 | 04/28/28 | 211250 |
| 100000 | 8.000 | 03/15/39 | 114250 |
| 200000 | 7.875 | 07/28/45 | 220500 |
|  |  |  | 546000 |
| **Jordan – 1.1%** | **Jordan – 1.1%** | **Jordan – 1.1%** | **Jordan – 1.1%** |
| Jordan Government International Bond (B+/B1) | Jordan Government International Bond (B+/B1) | Jordan Government International Bond (B+/B1) | Jordan Government International Bond (B+/B1) |
| 200000 | 6.125 | 01/29/26 | 198922 |
| 350000 | 5.850 | 07/07/30 | 310238 |
|  |  |  | 509160 |
| **Kazakhstan – 1.3%** | **Kazakhstan – 1.3%** | **Kazakhstan – 1.3%** | **Kazakhstan – 1.3%** |
| Kazakhstan Government International Bond (BBB-/Baa2) | Kazakhstan Government International Bond (BBB-/Baa2) | Kazakhstan Government International Bond (BBB-/Baa2) | Kazakhstan Government International Bond (BBB-/Baa2) |
| 400000 | 4.875 | 10/14/44 | 357492 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **Kazakhstan – (continued)** | **Kazakhstan – (continued)** | **Kazakhstan – (continued)** | **Kazakhstan – (continued)** |
| Kazakhstan Government International Bond (BBB-/Baa2) – (continued) | Kazakhstan Government International Bond (BBB-/Baa2) – (continued) | Kazakhstan Government International Bond (BBB-/Baa2) – (continued) | Kazakhstan Government International Bond (BBB-/Baa2) – (continued) |
| 225000 | 6.500% | 07/21/45 | $233020 |
|  |  |  | 590512 |
| **Kenya – 1.0%** | **Kenya – 1.0%** | **Kenya – 1.0%** | **Kenya – 1.0%** |
| Republic of Kenya Government International Bond (B/NR) | Republic of Kenya Government International Bond (B/NR) | Republic of Kenya Government International Bond (B/NR) | Republic of Kenya Government International Bond (B/NR) |
| 350000 | 7.000 | 05/22/27 | 313942 |
| 200000 | 8.250 | 02/28/48 | 157068 |
|  |  |  | 471010 |
| **Kuwait – 0.4%** | **Kuwait – 0.4%** | **Kuwait – 0.4%** | **Kuwait – 0.4%** |
| Kuwait International Government Bond (A+/NR) | Kuwait International Government Bond (A+/NR) | Kuwait International Government Bond (A+/NR) | Kuwait International Government Bond (A+/NR) |
| 200000 | 3.500 | 03/20/27 | 192703 |
| **Mexico – 3.5%** | **Mexico – 3.5%** | **Mexico – 3.5%** | **Mexico – 3.5%** |
| Mexico Government International Bond (BBB/Baa2) | Mexico Government International Bond (BBB/Baa2) | Mexico Government International Bond (BBB/Baa2) | Mexico Government International Bond (BBB/Baa2) |
| 200000 | 3.750 | 01/11/28 | 190546 |
| 325000 | 4.500 | 04/22/29 | 316768 |
| 600000 | 4.875 | 05/19/33 | 563756 |
| 50000 | 6.050 | 01/11/40 | 50410 |
| 150000 | 5.550 | 01/21/45 | 141064 |
| Mexico Government International Bond, MTN (BBB/Baa2) | Mexico Government International Bond, MTN (BBB/Baa2) | Mexico Government International Bond, MTN (BBB/Baa2) | Mexico Government International Bond, MTN (BBB/Baa2) |
| 50000 | 8.300 | 08/15/31 | 58676 |
| 175000 | 7.500 | 04/08/33 | 197090 |
| 150000 | 4.750 | 03/08/44 | 127485 |
|  |  |  | 1645795 |
| **Mongolia – 0.4%** | **Mongolia – 0.4%** | **Mongolia – 0.4%** | **Mongolia – 0.4%** |
| Mongolia Government International Bond (B/B3) | Mongolia Government International Bond (B/B3) | Mongolia Government International Bond (B/B3) | Mongolia Government International Bond (B/B3) |
| 200000 | 5.125 | 04/07/26 | 166249 |
| **Morocco – 0.5%** | **Morocco – 0.5%** | **Morocco – 0.5%** | **Morocco – 0.5%** |
| Morocco Government International Bond (BB+/NR) | Morocco Government International Bond (BB+/NR) | Morocco Government International Bond (BB+/NR) | Morocco Government International Bond (BB+/NR) |
| 350000 | 4.000 | 12/15/50 | 239375 |
| **Nigeria – 2.0%** | **Nigeria – 2.0%** | **Nigeria – 2.0%** | **Nigeria – 2.0%** |
| Nigeria Government International Bond (B-/B2) | Nigeria Government International Bond (B-/B2) | Nigeria Government International Bond (B-/B2) | Nigeria Government International Bond (B-/B2) |
| 200000 | 6.500 | 11/28/27 | 160731 |
| 275000 | 7.875 | 02/16/32 | 212359 |
| 200000 | 7.375 | 09/28/33 | 146476 |
| 200000 | 7.696 | 02/23/38 | 140027 |
| 200000 | 7.625 | 11/28/47 | 134206 |
| 200000 | 8.250 | 09/28/51 | 137199 |
|  |  |  | 930998 |

---

------

GOLDMAN SACHS ACCESS EMERGING MARKETS USD BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
|  **Pakistan – 0.6%** | **Pakistan – 0.6%** | **Pakistan – 0.6%** | **Pakistan – 0.6%** | **Pakistan – 0.6%** |
|  Pakistan Government International Bond (NR/Caa1) | Pakistan Government International Bond (NR/Caa1) | Pakistan Government International Bond (NR/Caa1) | Pakistan Government International Bond (NR/Caa1) | Pakistan Government International Bond (NR/Caa1) |
|  $ | 200000 | 8.250% | 04/15/24 | $105500 |
|  | 300000 | 7.375 | 04/08/31 | 110983 |
|  | 200000 | 8.875 | 04/08/51 | 74375 |
|  |  |  |  | 290858 |
|  **Panama – 4.5%** | **Panama – 4.5%** | **Panama – 4.5%** | **Panama – 4.5%** | **Panama – 4.5%** |
|  Panama Government International Bond (BBB/Baa2) | Panama Government International Bond (BBB/Baa2) | Panama Government International Bond (BBB/Baa2) | Panama Government International Bond (BBB/Baa2) | Panama Government International Bond (BBB/Baa2) |
|  | 260000 | 8.875 | 09/30/27 | 302900 |
|  | 200000 | 3.875 | 03/17/28 | 189500 |
|  | 50000 | 9.375 | 04/01/29 | 59875 |
|  | 410000 | 3.160 | 01/23/30 | 355675 |
|  | 400000 | 2.252 | 09/29/32 | 302000 |
|  | 150000 | 6.700 | 01/26/36 | 158812 |
|  | 250000 | 4.500 | 04/16/50 | 193750 |
|  | 200000 | 4.300 | 04/29/53 | 148500 |
|  | 275000 | 4.500 | 04/01/56 | 206250 |
|  | 245000 | 3.870 | 07/23/60 | 163844 |
|  |  |  |  | 2081106 |
|  **Paraguay – 1.0%** | **Paraguay – 1.0%** | **Paraguay – 1.0%** | **Paraguay – 1.0%** | **Paraguay – 1.0%** |
|  Paraguay Government International Bond (BB/Ba1) | Paraguay Government International Bond (BB/Ba1) | Paraguay Government International Bond (BB/Ba1) | Paraguay Government International Bond (BB/Ba1) | Paraguay Government International Bond (BB/Ba1) |
|  | 100000 | 5.000 | 04/15/26 | 99492 |
|  | 200000 | 4.950 | 04/28/31 | 193250 |
|  | 225000 | 5.400 | 03/30/50 | 188438 |
|  |  |  |  | 481180 |
|  **Peru – 4.7%** | **Peru – 4.7%** | **Peru – 4.7%** | **Peru – 4.7%** | **Peru – 4.7%** |
|  Peruvian Government International Bond (BBB/Baa1) | Peruvian Government International Bond (BBB/Baa1) | Peruvian Government International Bond (BBB/Baa1) | Peruvian Government International Bond (BBB/Baa1) | Peruvian Government International Bond (BBB/Baa1) |
|  | 410000 | 2.392 | 01/23/26 | 381151 |
|  | 200000 | 4.125 | 08/25/27 | 194762 |
|  | 350000 | 2.783 | 01/23/31 | 295082 |
|  | 100000 | 1.862 | 12/01/32 | 75086 |
|  | 200000 | 8.750 | 11/21/33 | 248261 |
|  | 150000 | 3.000 | 01/15/34 | 121772 |
|  | 75000 | 6.550 | 03/14/37 | 80224 |
|  | 450000 | 5.625 | 11/18/50 | 450942 |
|  | 150000 | 3.550 | 03/10/51 | 110271 |
|  | 340000 | 2.780 | 12/01/60 | 204110 |
|  | 60000 | 3.600 | 01/15/72 | 40076 |
|  |  |  |  | 2201737 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **Qatar – 3.6%** | **Qatar – 3.6%** | **Qatar – 3.6%** | **Qatar – 3.6%** |
| Qatar Government International Bond (AA/Aa3) | Qatar Government International Bond (AA/Aa3) | Qatar Government International Bond (AA/Aa3) | Qatar Government International Bond (AA/Aa3) |
| 200000 | 3.400% | 04/16/25 | $194744 |
| 350000 | 3.750 | 04/16/30 | 336992 |
| 200000 | 4.625 | 06/02/46 | 188834 |
| 220000 | 5.103 | 04/23/48 | 222275 |
| 350000 | 4.817 | 03/14/49 | 341163 |
| 400000 | 4.400 | 04/16/50 | 367491 |
|  |  |  | 1651499 |
| **Romania – 2.3%** | **Romania – 2.3%** | **Romania – 2.3%** | **Romania – 2.3%** |
| Romanian Government International Bond (BBB-/Baa3) | Romanian Government International Bond (BBB-/Baa3) | Romanian Government International Bond (BBB-/Baa3) | Romanian Government International Bond (BBB-/Baa3) |
| 170000 | 4.875 | 01/22/24 | 169746 |
| 460000 | 5.250 | 11/25/27 | 445708 |
| 170000 | 3.000 | 02/14/31 | 135486 |
| 180000 | 6.125 | 01/22/44 | 164013 |
| 180000 | 5.125 | 06/15/48 | 142965 |
|  |  |  | 1057918 |
| **Saudi Arabia – 4.0%** | **Saudi Arabia – 4.0%** | **Saudi Arabia – 4.0%** | **Saudi Arabia – 4.0%** |
| Saudi Government International Bond (NR/A1) | Saudi Government International Bond (NR/A1) | Saudi Government International Bond (NR/A1) | Saudi Government International Bond (NR/A1) |
| 400000 | 2.500 | 02/03/27 | 369018 |
| 225000 | 4.375 | 04/16/29 | 222294 |
| 225000 | 4.500 | 04/17/30 | 222847 |
| 400000 | 3.250 | 10/22/30 | 366116 |
| 350000 | 4.500 | 10/26/46 | 308830 |
| 200000 | 4.625 | 10/04/47 | 178924 |
| 200000 | 4.500 | 04/22/60 | 177616 |
|  |  |  | 1845645 |
| **Senegal – 0.3%** | **Senegal – 0.3%** | **Senegal – 0.3%** | **Senegal – 0.3%** |
| Senegal Government International Bond (B+/Ba3) | Senegal Government International Bond (B+/Ba3) | Senegal Government International Bond (B+/Ba3) | Senegal Government International Bond (B+/Ba3) |
| 200000 | 6.750 | 03/13/48 | 145000 |
| **South Africa – 4.9%** | **South Africa – 4.9%** | **South Africa – 4.9%** | **South Africa – 4.9%** |
| Republic of South Africa Government International Bond (BB-/Ba2) | Republic of South Africa Government International Bond (BB-/Ba2) | Republic of South Africa Government International Bond (BB-/Ba2) | Republic of South Africa Government International Bond (BB-/Ba2) |
| 350000 | 5.875 | 09/16/25 | 353300 |
| 335000 | 4.850 | 09/27/27 | 320946 |
| 350000 | 4.300 | 10/12/28 | 318387 |
| 350000 | 5.875 | 06/22/30 | 332667 |
| 200000 | 5.375 | 07/24/44 | 153689 |
| 600000 | 5.750 | 09/30/49 | 456642 |
| 400000 | 7.300 | 04/20/52 | 353570 |
|  |  |  | 2289201 |

---

------

GOLDMAN SACHS ACCESS EMERGING MARKETS USD BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **Trinidad and Tobago – 0.5%** | **Trinidad and Tobago – 0.5%** | **Trinidad and Tobago – 0.5%** | **Trinidad and Tobago – 0.5%** |
| Trinidad & Tobago Government International Bond (BBB-/Ba2) | Trinidad & Tobago Government International Bond (BBB-/Ba2) | Trinidad & Tobago Government International Bond (BBB-/Ba2) | Trinidad & Tobago Government International Bond (BBB-/Ba2) |
| 250000 | 4.375% | 01/16/24 | $247406 |
| **Turkey – 5.9%** | **Turkey – 5.9%** | **Turkey – 5.9%** | **Turkey – 5.9%** |
| Turkey Government International Bond (NR/B3) | Turkey Government International Bond (NR/B3) | Turkey Government International Bond (NR/B3) | Turkey Government International Bond (NR/B3) |
| 325000 | 6.350 | 08/10/24 | 323887 |
| 525000 | 5.600 | 11/14/24 | 512147 |
| 350000 | 7.375 | 02/05/25 | 352273 |
| 330000 | 4.250 | 03/13/25 | 308629 |
| 525000 | 4.875 | 10/09/26 | 468438 |
| 100000 | 11.875 | 01/15/30 | 117691 |
| 362000 | 6.875 | 03/17/36 | 301839 |
| 500000 | 5.750 | 05/11/47 | 340196 |
|  |  |  | 2725100 |
| **United Arab Emirates – 1.6%** | **United Arab Emirates – 1.6%** | **United Arab Emirates – 1.6%** | **United Arab Emirates – 1.6%** |
| UAE Government International Bond (NR/Aa2) | UAE Government International Bond (NR/Aa2) | UAE Government International Bond (NR/Aa2) | UAE Government International Bond (NR/Aa2) |
| 350000 | 2.000 | 10/19/31 | 291921 |
| 200000 | 2.875 | 10/19/41 | 151919 |
| 375000 | 3.250 | 10/19/61 | 274084 |
|  |  |  | 717924 |
| **Uruguay – 3.6%** | **Uruguay – 3.6%** | **Uruguay – 3.6%** | **Uruguay – 3.6%** |
| Uruguay Government International Bond (BBB/Baa2) | Uruguay Government International Bond (BBB/Baa2) | Uruguay Government International Bond (BBB/Baa2) | Uruguay Government International Bond (BBB/Baa2) |
| 150000 | 4.375 | 10/27/27 | 152063 |
| 408000 | 4.375 | 01/23/31 | 409530 |
| 200000 | 7.625 | 03/21/36 | 253500 |
| 200000 | 4.125 | 11/20/45 | 185250 |
| 450000 | 5.100 | 06/18/50 | 444656 |
| 240000 | 4.975 | 04/20/55 | 231600 |
|  |  |  | 1676599 |
| **TOTAL SOVEREIGN DEBT OBLIGATIONS**<br> **(Cost $42,320,143)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS**<br> **(Cost $42,320,143)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS**<br> **(Cost $42,320,143)** | $39543908 |
| **Corporate Obligations – 12.6%** | **Corporate Obligations – 12.6%** | **Corporate Obligations – 12.6%** | **Corporate Obligations – 12.6%** |
| **Chile – 2.2%** | **Chile – 2.2%** | **Chile – 2.2%** | **Chile – 2.2%** |
| Corp. Nacional del Cobre de Chile (A/A3) | Corp. Nacional del Cobre de Chile (A/A3) | Corp. Nacional del Cobre de Chile (A/A3) | Corp. Nacional del Cobre de Chile (A/A3) |
| 200000 | 3.625% | 08/01/27 | $188244 |
| 200000 | 3.000 | 09/30/29 | 175437 |
| 200000 | 3.150 | 01/14/30 | 177000 |
| 400000 | 4.500 | 08/01/47 | 336350 |
| 200000 | 3.700 | 01/30/50 | 146250 |
|  |  |  | 1023281 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **China – 1.5%** | **China – 1.5%** | **China – 1.5%** | **China – 1.5%** |
| China Development Bank, Series EMTN (A+/A1) | China Development Bank, Series EMTN (A+/A1) | China Development Bank, Series EMTN (A+/A1) | China Development Bank, Series EMTN (A+/A1) |
| 200000 | 3.000% | 06/01/26 | $190203 |
| China Development Bank Financial Leasing Co. Ltd.<sup>(b)</sup> (BBB+/NR) | China Development Bank Financial Leasing Co. Ltd.<sup>(b)</sup> (BBB+/NR) | China Development Bank Financial Leasing Co. Ltd.<sup>(b)</sup> (BBB+/NR) | China Development Bank Financial Leasing Co. Ltd.<sup>(b)</sup> (BBB+/NR) |
| (US 5 Year CMT T-Note + 2.750%) | (US 5 Year CMT T-Note + 2.750%) | (US 5 Year CMT T-Note + 2.750%) | (US 5 Year CMT T-Note + 2.750%) |
| 200000 | 2.875 | 09/28/30 | 182536 |
| Export-Import Bank of China (The) (A+/A1) | Export-Import Bank of China (The) (A+/A1) | Export-Import Bank of China (The) (A+/A1) | Export-Import Bank of China (The) (A+/A1) |
| 350000 | 3.625 | 07/31/24 | 343012 |
|  |  |  | 715751 |
| **India – 2.1%** | **India – 2.1%** | **India – 2.1%** | **India – 2.1%** |
| Export-Import Bank of India (BBB-/Baa3) | Export-Import Bank of India (BBB-/Baa3) | Export-Import Bank of India (BBB-/Baa3) | Export-Import Bank of India (BBB-/Baa3) |
| 200000 | 3.875 | 02/01/28 | 185271 |
| 250000 | 3.250 | 01/15/30 | 218863 |
| Export-Import Bank of India, GMTN (NR/Baa3) | Export-Import Bank of India, GMTN (NR/Baa3) | Export-Import Bank of India, GMTN (NR/Baa3) | Export-Import Bank of India, GMTN (NR/Baa3) |
| 275000 | 3.875 | 03/12/24 | 269258 |
| Indian Railway Finance Corp Ltd. (BBB-/Baa3) | Indian Railway Finance Corp Ltd. (BBB-/Baa3) | Indian Railway Finance Corp Ltd. (BBB-/Baa3) | Indian Railway Finance Corp Ltd. (BBB-/Baa3) |
| 350000 | 2.800 | 02/10/31 | 287555 |
|  |  |  | 960947 |
| **Indonesia – 1.8%** | **Indonesia – 1.8%** | **Indonesia – 1.8%** | **Indonesia – 1.8%** |
| Pertamina Persero PT (NR/Baa2) | Pertamina Persero PT (NR/Baa2) | Pertamina Persero PT (NR/Baa2) | Pertamina Persero PT (NR/Baa2) |
| 757000 | 3.100 | 08/27/30 | 652913 |
| 200000 | 6.450 | 05/30/44 | 202750 |
|  |  |  | 855663 |
| **Mexico – 2.7%** | **Mexico – 2.7%** | **Mexico – 2.7%** | **Mexico – 2.7%** |
| Petroleos Mexicanos (BBB/B1) | Petroleos Mexicanos (BBB/B1) | Petroleos Mexicanos (BBB/B1) | Petroleos Mexicanos (BBB/B1) |
| 100000 | 6.875 | 10/16/25 | 97736 |
| 200000 | 4.500 | 01/23/26 | 181644 |
| 180000 | 6.500 | 03/13/27 | 163550 |
| 25000 | 5.350 | 02/12/28 | 20782 |
| 50000 | 6.500 | 01/23/29 | 42421 |
| 100000 | 6.840 | 01/23/30 | 82410 |
| 250000 | 5.950 | 01/28/31 | 186213 |
| 25000 | 6.625 | 06/15/35 | 17641 |
| 25000 | 6.500 | 06/02/41 | 15933 |
| 50000 | 5.625 | 01/23/46 | 29030 |
| 428000 | 6.750 | 09/21/47 | 272897 |
| 75000 | 7.690 | 01/23/50 | 51649 |
| 100000 | 6.950 | 01/28/60 | 63042 |
|  |  |  | 1224948 |

---

------

GOLDMAN SACHS ACCESS EMERGING MARKETS USD BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Peru – 0.3%** | **Peru – 0.3%** | **Peru – 0.3%** | **Peru – 0.3%** |
| Petroleos del Peru SA (BB/NR) | Petroleos del Peru SA (BB/NR) | Petroleos del Peru SA (BB/NR) | Petroleos del Peru SA (BB/NR) |
| 200000 | 5.625% | 06/19/47 | $136090 |
| **Qatar – 0.5%** | **Qatar – 0.5%** | **Qatar – 0.5%** | **Qatar – 0.5%** |
| Qatar Energy (AA/Aa3) | Qatar Energy (AA/Aa3) | Qatar Energy (AA/Aa3) | Qatar Energy (AA/Aa3) |
| 300000 | 3.300 | 07/12/51 | 220170 |
| **Saudi Arabia – 1.1%** | **Saudi Arabia – 1.1%** | **Saudi Arabia – 1.1%** | **Saudi Arabia – 1.1%** |
| Saudi Arabian Oil Co. (NR/A1) | Saudi Arabian Oil Co. (NR/A1) | Saudi Arabian Oil Co. (NR/A1) | Saudi Arabian Oil Co. (NR/A1) |
| 375000 | 3.500 | 04/16/29 | 347927 |
| 200000 | 4.250 | 04/16/39 | 180648 |
|  |  |  | 528575 |
| **South Africa – 0.4%** | **South Africa – 0.4%** | **South Africa – 0.4%** | **South Africa – 0.4%** |
| Eskom Holdings SOC Ltd. (BB-/Ba2) | Eskom Holdings SOC Ltd. (BB-/Ba2) | Eskom Holdings SOC Ltd. (BB-/Ba2) | Eskom Holdings SOC Ltd. (BB-/Ba2) |
| 200000 | 4.314 | 07/23/27 | 176500 |
| **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $6,222,315)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $6,222,315)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $6,222,315)** | $5841925 |
| **Shares** | **Dividend**<br> **Rate** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 0.6%<sup>(c)</sup>** | **Investment Company – 0.6%<sup>(c)</sup>** | **Investment Company – 0.6%<sup>(c)</sup>** | **Investment Company – 0.6%<sup>(c)</sup>** |
| Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares |
| 276304 | 3.727% | 3.727% | $276304 |
| **(Cost $276,304)** | **(Cost $276,304)** | **(Cost $276,304)** | **(Cost $276,304)** |
| **TOTAL INVESTMENTS – 98.5%**<br> **(Cost $48,818,762)** | **TOTAL INVESTMENTS – 98.5%**<br> **(Cost $48,818,762)** | **TOTAL INVESTMENTS – 98.5%**<br> **(Cost $48,818,762)** | $45662137 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.5%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.5%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.5%** | 712603 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $46374740 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Step coupon. |
| (b) | Variable rate security. Interest rate or distribution rate disclosed is that which is in effect on November 30, 2022. |
| (c) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| CMT | — Constant Maturity Treasury Index |
| GMTN | — Global Medium Term Note |
| MTN | — Medium Term Note |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – 90.0%** | **Corporate Obligations – 90.0%** | **Corporate Obligations – 90.0%** | **Corporate Obligations – 90.0%** |
| **Advertising – 1.1%** | **Advertising – 1.1%** | **Advertising – 1.1%** | **Advertising – 1.1%** |
| Clear Channel Outdoor Holdings, Inc. (B/B1) | Clear Channel Outdoor Holdings, Inc. (B/B1) | Clear Channel Outdoor Holdings, Inc. (B/B1) | Clear Channel Outdoor Holdings, Inc. (B/B1) |
| 476000 | 5.125 %<sup>(a)</sup> | 08/15/27 | $412335 |
| 246000 | 7.500 <sup>(a)</sup> | 06/01/29 | 182963 |
| Lamar Media Corp. (BB/Ba3) | Lamar Media Corp. (BB/Ba3) | Lamar Media Corp. (BB/Ba3) | Lamar Media Corp. (BB/Ba3) |
| 179000 | 3.750 | 02/15/28 | 159310 |
| 476000 | 4.000 | 02/15/30 | 415310 |
| Outfront Media Capital LLC / Outfront Media Capital Corp.<sup>(a)</sup> (B+/B2) | Outfront Media Capital LLC / Outfront Media Capital Corp.<sup>(a)</sup> (B+/B2) | Outfront Media Capital LLC / Outfront Media Capital Corp.<sup>(a)</sup> (B+/B2) | Outfront Media Capital LLC / Outfront Media Capital Corp.<sup>(a)</sup> (B+/B2) |
| 365000 | 6.250 | 06/15/25 | 363631 |
|  |  |  | 1533549 |
| **Aerospace – 0.1%** | **Aerospace – 0.1%** | **Aerospace – 0.1%** | **Aerospace – 0.1%** |
| Triumph Group, Inc.<sup>(a)</sup> (B/B1) | Triumph Group, Inc.<sup>(a)</sup> (B/B1) | Triumph Group, Inc.<sup>(a)</sup> (B/B1) | Triumph Group, Inc.<sup>(a)</sup> (B/B1) |
| 194000 | 8.875 | 06/01/24 | 199335 |
| **Aerospace & Defense – 2.6%** | **Aerospace & Defense – 2.6%** | **Aerospace & Defense – 2.6%** | **Aerospace & Defense – 2.6%** |
| Howmet Aerospace, Inc. (BB+/Ba1) | Howmet Aerospace, Inc. (BB+/Ba1) | Howmet Aerospace, Inc. (BB+/Ba1) | Howmet Aerospace, Inc. (BB+/Ba1) |
| 590000 | 6.875 | 05/01/25 | 604013 |
| Spirit AeroSystems, Inc.<sup>(a)</sup> (BB-/Ba2) | Spirit AeroSystems, Inc.<sup>(a)</sup> (BB-/Ba2) | Spirit AeroSystems, Inc.<sup>(a)</sup> (BB-/Ba2) | Spirit AeroSystems, Inc.<sup>(a)</sup> (BB-/Ba2) |
| 500000 | 9.375 | 11/30/29 | 523125 |
| TransDigm, Inc. (B+/Ba3) | TransDigm, Inc. (B+/Ba3) | TransDigm, Inc. (B+/Ba3) | TransDigm, Inc. (B+/Ba3) |
| 93000 | 8.000 <sup>(a)</sup> | 12/15/25 | 94569 |
| 1271000 | 6.250 <sup>(a)</sup> | 03/15/26 | 1263056 |
| 170000 | 6.375 | 06/15/26 | 167025 |
| 46000 | 7.500 | 03/15/27 | 45828 |
| 550000 | 5.500 | 11/15/27 | 521125 |
| 530000 | 4.625 | 01/15/29 | 463750 |
|  |  |  | 3682491 |
| **Banks – 0.5%** | **Banks – 0.5%** | **Banks – 0.5%** | **Banks – 0.5%** |
| Freedom Mortgage Corp. (B/B2) | Freedom Mortgage Corp. (B/B2) | Freedom Mortgage Corp. (B/B2) | Freedom Mortgage Corp. (B/B2) |
| 556000 | 8.250 <sup>(a)</sup> | 04/15/25 | 496230 |
| 197000 | 7.625 <sup>(a)</sup> | 05/01/26 | 169913 |
|  |  |  | 666143 |
| **Basic Industry – 1.7%** | **Basic Industry – 1.7%** | **Basic Industry – 1.7%** | **Basic Industry – 1.7%** |
| Avient Corp.<sup>(a)</sup> (BB-/Ba3) | Avient Corp.<sup>(a)</sup> (BB-/Ba3) | Avient Corp.<sup>(a)</sup> (BB-/Ba3) | Avient Corp.<sup>(a)</sup> (BB-/Ba3) |
| 250000 | 7.125 | 08/01/30 | 244375 |
| Chemours Co. (The)<sup>(a)</sup> (BB/B1) | Chemours Co. (The)<sup>(a)</sup> (BB/B1) | Chemours Co. (The)<sup>(a)</sup> (BB/B1) | Chemours Co. (The)<sup>(a)</sup> (BB/B1) |
| 417000 | 5.750 | 11/15/28 | 366439 |
| Olin Corp. (BB+/Ba1) | Olin Corp. (BB+/Ba1) | Olin Corp. (BB+/Ba1) | Olin Corp. (BB+/Ba1) |
| 350000 | 5.625 | 08/01/29 | 329000 |
| 70000 | 5.000 | 02/01/30 | 63875 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Basic Industry – (continued)** | **Basic Industry – (continued)** | **Basic Industry – (continued)** | **Basic Industry – (continued)** |
| SCIH Salt Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) | SCIH Salt Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) | SCIH Salt Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) | SCIH Salt Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) |
| 279000 | 6.625% | 05/01/29 | $232616 |
| Tronox, Inc.<sup>(a)</sup> (BB-/B1) | Tronox, Inc.<sup>(a)</sup> (BB-/B1) | Tronox, Inc.<sup>(a)</sup> (BB-/B1) | Tronox, Inc.<sup>(a)</sup> (BB-/B1) |
| 519000 | 4.625 | 03/15/29 | 419092 |
| Valvoline, Inc.<sup>(a)</sup> (BB-/Ba3) | Valvoline, Inc.<sup>(a)</sup> (BB-/Ba3) | Valvoline, Inc.<sup>(a)</sup> (BB-/Ba3) | Valvoline, Inc.<sup>(a)</sup> (BB-/Ba3) |
| 302000 | 3.625 | 06/15/31 | 247263 |
| WR Grace Holdings LLC (B/B1) | WR Grace Holdings LLC (B/B1) | WR Grace Holdings LLC (B/B1) | WR Grace Holdings LLC (B/B1) |
| 320000 | 4.875 <sup>(a)</sup> | 06/15/27 | 287200 |
| 200000 | 5.625 <sup>(a)</sup> | 08/15/29 | 164000 |
|  |  |  | 2353860 |
| **Broadcasting – 4.1%** | **Broadcasting – 4.1%** | **Broadcasting – 4.1%** | **Broadcasting – 4.1%** |
| Audacy Capital Corp.<sup>(a)</sup> (CCC-/Caa3) | Audacy Capital Corp.<sup>(a)</sup> (CCC-/Caa3) | Audacy Capital Corp.<sup>(a)</sup> (CCC-/Caa3) | Audacy Capital Corp.<sup>(a)</sup> (CCC-/Caa3) |
| 90000 | 6.750 | 03/31/29 | 20700 |
| CMG Media Corp.<sup>(a)</sup> (CCC+/Caa1) | CMG Media Corp.<sup>(a)</sup> (CCC+/Caa1) | CMG Media Corp.<sup>(a)</sup> (CCC+/Caa1) | CMG Media Corp.<sup>(a)</sup> (CCC+/Caa1) |
| 273000 | 8.875 | 12/15/27 | 211575 |
| Diamond Sports Group LLC / Diamond Sports Finance Co. (CCC-/Caa2) | Diamond Sports Group LLC / Diamond Sports Finance Co. (CCC-/Caa2) | Diamond Sports Group LLC / Diamond Sports Finance Co. (CCC-/Caa2) | Diamond Sports Group LLC / Diamond Sports Finance Co. (CCC-/Caa2) |
| 974000 | 5.375 <sup>(a)</sup> | 08/15/26 | 158275 |
| 310000 | 6.625 <sup>(a)</sup> | 08/15/27 | 12400 |
| iHeartCommunications, Inc. (BB-/B1) | iHeartCommunications, Inc. (BB-/B1) | iHeartCommunications, Inc. (BB-/B1) | iHeartCommunications, Inc. (BB-/B1) |
| 229000 | 8.375 | 05/01/27 | 203810 |
| 566000 | 4.750 <sup>(a)</sup> | 01/15/28 | 489590 |
| Nexstar Media, Inc.<sup>(a)</sup> (B+/B2) | Nexstar Media, Inc.<sup>(a)</sup> (B+/B2) | Nexstar Media, Inc.<sup>(a)</sup> (B+/B2) | Nexstar Media, Inc.<sup>(a)</sup> (B+/B2) |
| 1076000 | 5.625 | 07/15/27 | 1018165 |
| Scripps Escrow II, Inc.<sup>(a)</sup> (BB/Ba3) | Scripps Escrow II, Inc.<sup>(a)</sup> (BB/Ba3) | Scripps Escrow II, Inc.<sup>(a)</sup> (BB/Ba3) | Scripps Escrow II, Inc.<sup>(a)</sup> (BB/Ba3) |
| 538000 | 3.875 | 01/15/29 | 451920 |
| Scripps Escrow, Inc.<sup>(a)</sup> (B/B3) | Scripps Escrow, Inc.<sup>(a)</sup> (B/B3) | Scripps Escrow, Inc.<sup>(a)</sup> (B/B3) | Scripps Escrow, Inc.<sup>(a)</sup> (B/B3) |
| 354000 | 5.875 | 07/15/27 | 316830 |
| Sinclair Television Group, Inc.<sup>(a)</sup> (BB-/Ba2) | Sinclair Television Group, Inc.<sup>(a)</sup> (BB-/Ba2) | Sinclair Television Group, Inc.<sup>(a)</sup> (BB-/Ba2) | Sinclair Television Group, Inc.<sup>(a)</sup> (BB-/Ba2) |
| 289000 | 4.125 | 12/01/30 | 223253 |
| Sirius XM Radio, Inc. (BB/Ba3) | Sirius XM Radio, Inc. (BB/Ba3) | Sirius XM Radio, Inc. (BB/Ba3) | Sirius XM Radio, Inc. (BB/Ba3) |
| 200000 | 5.000 <sup>(a)</sup> | 08/01/27 | 187000 |
| 778000 | 4.000 <sup>(a)</sup> | 07/15/28 | 684640 |
| 656000 | 3.875 <sup>(a)</sup> | 09/01/31 | 537920 |
| TEGNA, Inc. (BB/Ba3) | TEGNA, Inc. (BB/Ba3) | TEGNA, Inc. (BB/Ba3) | TEGNA, Inc. (BB/Ba3) |
| 126000 | 4.625 | 03/15/28 | 118755 |
| 361000 | 5.000 | 09/15/29 | 339340 |
| Univision Communications, Inc. (B+/B1) | Univision Communications, Inc. (B+/B1) | Univision Communications, Inc. (B+/B1) | Univision Communications, Inc. (B+/B1) |
| 144000 | 5.125 <sup>(a)</sup> | 02/15/25 | 139500 |
| 254000 | 6.625 <sup>(a)</sup> | 06/01/27 | 248920 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Broadcasting – (continued)** | **Broadcasting – (continued)** | **Broadcasting – (continued)** | **Broadcasting – (continued)** |
| Univision Communications, Inc. (B+/B1) – (continued) | Univision Communications, Inc. (B+/B1) – (continued) | Univision Communications, Inc. (B+/B1) – (continued) | Univision Communications, Inc. (B+/B1) – (continued) |
| 518000 | 4.500 %<sup>(a)</sup> | 05/01/29 | $445480 |
|  |  |  | 5808073 |
| **Brokerage – 0.5%** | **Brokerage – 0.5%** | **Brokerage – 0.5%** | **Brokerage – 0.5%** |
| Jefferies Finance LLC / JFIN Co.-Issuer Corp.<sup>(a)</sup> (BB-/B1) | Jefferies Finance LLC / JFIN Co.-Issuer Corp.<sup>(a)</sup> (BB-/B1) | Jefferies Finance LLC / JFIN Co.-Issuer Corp.<sup>(a)</sup> (BB-/B1) | Jefferies Finance LLC / JFIN Co.-Issuer Corp.<sup>(a)</sup> (BB-/B1) |
| 470000 | 5.000 | 08/15/28 | 395923 |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.<sup>(a)</sup> (BB-/Ba2) | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.<sup>(a)</sup> (BB-/Ba2) | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.<sup>(a)</sup> (BB-/Ba2) | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp.<sup>(a)</sup> (BB-/Ba2) |
| 347000 | 4.750 | 06/15/29 | 285408 |
|  |  |  | 681331 |
| **Building Materials – 1.2%** | **Building Materials – 1.2%** | **Building Materials – 1.2%** | **Building Materials – 1.2%** |
| American Builders & Contractors Supply Co., Inc.<sup>(a)</sup> (BB+/Ba2) | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup> (BB+/Ba2) | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup> (BB+/Ba2) | American Builders & Contractors Supply Co., Inc.<sup>(a)</sup> (BB+/Ba2) |
| 384000 | 4.000 | 01/15/28 | 348960 |
| Builders FirstSource, Inc. (BB-/Ba2) | Builders FirstSource, Inc. (BB-/Ba2) | Builders FirstSource, Inc. (BB-/Ba2) | Builders FirstSource, Inc. (BB-/Ba2) |
| 248000 | 5.000 <sup>(a)</sup> | 03/01/30 | 220720 |
| 341000 | 4.250 <sup>(a)</sup> | 02/01/32 | 277915 |
| Camelot Return Merger Sub, Inc.<sup>(a)</sup> (B/B2) | Camelot Return Merger Sub, Inc.<sup>(a)</sup> (B/B2) | Camelot Return Merger Sub, Inc.<sup>(a)</sup> (B/B2) | Camelot Return Merger Sub, Inc.<sup>(a)</sup> (B/B2) |
| 316000 | 8.750 | 08/01/28 | 285980 |
| Standard Industries, Inc. (BB/B1) | Standard Industries, Inc. (BB/B1) | Standard Industries, Inc. (BB/B1) | Standard Industries, Inc. (BB/B1) |
| 329000 | 4.375 <sup>(a)</sup> | 07/15/30 | 271040 |
| 387000 | 3.375 <sup>(a)</sup> | 01/15/31 | 298537 |
|  |  |  | 1703152 |
| **Capital Goods – 3.8%** | **Capital Goods – 3.8%** | **Capital Goods – 3.8%** | **Capital Goods – 3.8%** |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC<sup>(a)</sup> (B+/B3) | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC<sup>(a)</sup> (B+/B3) | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC<sup>(a)</sup> (B+/B3) | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC<sup>(a)</sup> (B+/B3) |
| 700000 | 4.000 | 09/01/29 | 557812 |
| Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (B-/Caa1) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (B-/Caa1) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (B-/Caa1) | Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (B-/Caa1) |
| 400000 | 5.250 <sup>(a)</sup> | 08/15/27 | 303890 |
| 200000 | 5.250 <sup>(a)</sup> | 08/15/27 | 151694 |
| ASP Unifrax Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) | ASP Unifrax Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) | ASP Unifrax Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) | ASP Unifrax Holdings, Inc.<sup>(a)</sup> (CCC+/Caa2) |
| 204000 | 7.500 | 09/30/29 | 135660 |
| Ball Corp. (BB+/Ba1) | Ball Corp. (BB+/Ba1) | Ball Corp. (BB+/Ba1) | Ball Corp. (BB+/Ba1) |
| 85000 | 4.000 | 11/15/23 | 83194 |
| 339000 | 4.875 | 03/15/26 | 330525 |
| 412000 | 3.125 | 09/15/31 | 328570 |
| Covanta Holding Corp.<sup>(a)</sup> (B/B2) | Covanta Holding Corp.<sup>(a)</sup> (B/B2) | Covanta Holding Corp.<sup>(a)</sup> (B/B2) | Covanta Holding Corp.<sup>(a)</sup> (B/B2) |
| 396000 | 4.875 | 12/01/29 | 335059 |
| Crown Americas LLC / Crown Americas Capital Corp V (BB+/Ba2) | Crown Americas LLC / Crown Americas Capital Corp V (BB+/Ba2) | Crown Americas LLC / Crown Americas Capital Corp V (BB+/Ba2) | Crown Americas LLC / Crown Americas Capital Corp V (BB+/Ba2) |
| 228000 | 4.250 | 09/30/26 | 218880 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** |
| Crown Americas LLC / Crown Americas Capital Corp. VI (BB+/Ba2) | Crown Americas LLC / Crown Americas Capital Corp. VI (BB+/Ba2) | Crown Americas LLC / Crown Americas Capital Corp. VI (BB+/Ba2) | Crown Americas LLC / Crown Americas Capital Corp. VI (BB+/Ba2) |
| 155000 | 4.750% | 02/01/26 | $149769 |
| Herc Holdings, Inc.<sup>(a)</sup> (B+/B1) | Herc Holdings, Inc.<sup>(a)</sup> (B+/B1) | Herc Holdings, Inc.<sup>(a)</sup> (B+/B1) | Herc Holdings, Inc.<sup>(a)</sup> (B+/B1) |
| 450000 | 5.500 | 07/15/27 | 421875 |
| LABL, Inc. (B-/B2) | LABL, Inc. (B-/B2) | LABL, Inc. (B-/B2) | LABL, Inc. (B-/B2) |
| 273000 | 6.750 <sup>(a)</sup> | 07/15/26 | 262080 |
| 152000 | 10.500 <sup>(a)</sup> | 07/15/27 | 140600 |
| Madison IAQ LLC<sup>(a)</sup> (CCC/Caa2) | Madison IAQ LLC<sup>(a)</sup> (CCC/Caa2) | Madison IAQ LLC<sup>(a)</sup> (CCC/Caa2) | Madison IAQ LLC<sup>(a)</sup> (CCC/Caa2) |
| 614000 | 5.875 | 06/30/29 | 457430 |
| Mauser Packaging Solutions Holding Co.<sup>(a)</sup> (B-/B2) | Mauser Packaging Solutions Holding Co.<sup>(a)</sup> (B-/B2) | Mauser Packaging Solutions Holding Co.<sup>(a)</sup> (B-/B2) | Mauser Packaging Solutions Holding Co.<sup>(a)</sup> (B-/B2) |
| 298000 | 5.500 | 04/15/24 | 295392 |
| Owens-Brockway Glass Container, Inc.<sup>(a)</sup> (B+/B2) | Owens-Brockway Glass Container, Inc.<sup>(a)</sup> (B+/B2) | Owens-Brockway Glass Container, Inc.<sup>(a)</sup> (B+/B2) | Owens-Brockway Glass Container, Inc.<sup>(a)</sup> (B+/B2) |
| 53000 | 5.875 | 08/15/23 | 52868 |
| Sealed Air Corp. (BB+/Ba2) | Sealed Air Corp. (BB+/Ba2) | Sealed Air Corp. (BB+/Ba2) | Sealed Air Corp. (BB+/Ba2) |
| 95000 | 5.125 <sup>(a)</sup> | 12/01/24 | 95237 |
| 120000 | 5.500 <sup>(a)</sup> | 09/15/25 | 119100 |
| 167000 | 6.875 <sup>(a)</sup> | 07/15/33 | 163869 |
| Sensata Technologies, Inc.<sup>(a)</sup> (BB+/Ba3) | Sensata Technologies, Inc.<sup>(a)</sup> (BB+/Ba3) | Sensata Technologies, Inc.<sup>(a)</sup> (BB+/Ba3) | Sensata Technologies, Inc.<sup>(a)</sup> (BB+/Ba3) |
| 500000 | 3.750 | 02/15/31 | 407500 |
| Stericycle, Inc.<sup>(a)</sup> (BB-/NR) | Stericycle, Inc.<sup>(a)</sup> (BB-/NR) | Stericycle, Inc.<sup>(a)</sup> (BB-/NR) | Stericycle, Inc.<sup>(a)</sup> (BB-/NR) |
| 322000 | 3.875 | 01/15/29 | 281750 |
|  |  |  | 5292754 |
| **Communications – 4.6%** | **Communications – 4.6%** | **Communications – 4.6%** | **Communications – 4.6%** |
| AMC Networks, Inc. (BB/Ba3) | AMC Networks, Inc. (BB/Ba3) | AMC Networks, Inc. (BB/Ba3) | AMC Networks, Inc. (BB/Ba3) |
| 93000 | 5.000 | 04/01/24 | 89047 |
| 429000 | 4.750 | 08/01/25 | 381810 |
| CCO Holdings LLC / CCO Holdings Capital Corp. (BB-/B1) | CCO Holdings LLC / CCO Holdings Capital Corp. (BB-/B1) | CCO Holdings LLC / CCO Holdings Capital Corp. (BB-/B1) | CCO Holdings LLC / CCO Holdings Capital Corp. (BB-/B1) |
| 296000 | 5.500 <sup>(a)</sup> | 05/01/26 | 286010 |
| 976000 | 5.125 <sup>(a)</sup> | 05/01/27 | 916220 |
| 760000 | 5.000 <sup>(a)</sup> | 02/01/28 | 698250 |
| 180000 | 5.375 <sup>(a)</sup> | 06/01/29 | 163575 |
| 400000 | 4.500 <sup>(a)</sup> | 08/15/30 | 339000 |
| 658000 | 4.750 <sup>(a)</sup> | 02/01/32 | 552720 |
| 938000 | 4.500 | 05/01/32 | 763298 |
| CSC Holdings LLC (B-/Caa1) | CSC Holdings LLC (B-/Caa1) | CSC Holdings LLC (B-/Caa1) | CSC Holdings LLC (B-/Caa1) |
| 500000 | 5.250 | 06/01/24 | 483750 |
| Directv Financing LLC / Directv Financing Co.-Obligor, Inc.<sup>(a)</sup> (BB/Ba3) | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.<sup>(a)</sup> (BB/Ba3) | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.<sup>(a)</sup> (BB/Ba3) | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.<sup>(a)</sup> (BB/Ba3) |
| 815000 | 5.875 | 08/15/27 | 744706 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** |
| Live Nation Entertainment, Inc.<sup>(a)</sup> (B/B3) | Live Nation Entertainment, Inc.<sup>(a)</sup> (B/B3) | Live Nation Entertainment, Inc.<sup>(a)</sup> (B/B3) | Live Nation Entertainment, Inc.<sup>(a)</sup> (B/B3) |
| 482000 | 4.750% | 10/15/27 | $431390 |
| Radiate Holdco LLC / Radiate Finance, Inc.<sup>(a)</sup> (CCC+/Caa1) | Radiate Holdco LLC / Radiate Finance, Inc.<sup>(a)</sup> (CCC+/Caa1) | Radiate Holdco LLC / Radiate Finance, Inc.<sup>(a)</sup> (CCC+/Caa1) | Radiate Holdco LLC / Radiate Finance, Inc.<sup>(a)</sup> (CCC+/Caa1) |
| 354000 | 6.500 | 09/15/28 | 197355 |
| WMG Acquisition Corp. (BB+/Ba3) | WMG Acquisition Corp. (BB+/Ba3) | WMG Acquisition Corp. (BB+/Ba3) | WMG Acquisition Corp. (BB+/Ba3) |
| 240000 | 3.875 <sup>(a)</sup> | 07/15/30 | 208800 |
| 345000 | 3.000 <sup>(a)</sup> | 02/15/31 | 281175 |
|  |  |  | 6537106 |
| **Consumer Cyclical – 17.9%** | **Consumer Cyclical – 17.9%** | **Consumer Cyclical – 17.9%** | **Consumer Cyclical – 17.9%** |
| ADT Security Corp. (The) (BB-/Ba3) | ADT Security Corp. (The) (BB-/Ba3) | ADT Security Corp. (The) (BB-/Ba3) | ADT Security Corp. (The) (BB-/Ba3) |
| 258000 | 4.125 <sup>(a)</sup> | 08/01/29 | 224460 |
| 169000 | 4.875 <sup>(a)</sup> | 07/15/32 | 146185 |
| Allison Transmission, Inc.<sup>(a)</sup> (NR/Ba2) | Allison Transmission, Inc.<sup>(a)</sup> (NR/Ba2) | Allison Transmission, Inc.<sup>(a)</sup> (NR/Ba2) | Allison Transmission, Inc.<sup>(a)</sup> (NR/Ba2) |
| 800000 | 3.750 | 01/30/31 | 668000 |
| AMC Entertainment Holdings, Inc.<sup>(a)(b)</sup> (PIK 12.000%, Cash 10.000%) (CCC-/Caa3) | AMC Entertainment Holdings, Inc.<sup>(a)(b)</sup> (PIK 12.000%, Cash 10.000%) (CCC-/Caa3) | AMC Entertainment Holdings, Inc.<sup>(a)(b)</sup> (PIK 12.000%, Cash 10.000%) (CCC-/Caa3) | AMC Entertainment Holdings, Inc.<sup>(a)(b)</sup> (PIK 12.000%, Cash 10.000%) (CCC-/Caa3) |
| 730000 | 10.000 | 06/15/26 | 270100 |
| American Axle & Manufacturing, Inc. (B+/B2) | American Axle & Manufacturing, Inc. (B+/B2) | American Axle & Manufacturing, Inc. (B+/B2) | American Axle & Manufacturing, Inc. (B+/B2) |
| 318000 | 6.875 | 07/01/28 | 299715 |
| 126000 | 5.000 | 10/01/29 | 109305 |
| APX Group, Inc.<sup>(a)</sup> (B/B1) | APX Group, Inc.<sup>(a)</sup> (B/B1) | APX Group, Inc.<sup>(a)</sup> (B/B1) | APX Group, Inc.<sup>(a)</sup> (B/B1) |
| 200000 | 6.750 | 02/15/27 | 199000 |
| Asbury Automotive Group, Inc.<sup>(a)</sup> (BB/B1) | Asbury Automotive Group, Inc.<sup>(a)</sup> (BB/B1) | Asbury Automotive Group, Inc.<sup>(a)</sup> (BB/B1) | Asbury Automotive Group, Inc.<sup>(a)</sup> (BB/B1) |
| 495000 | 4.625 | 11/15/29 | 426937 |
| Boyd Gaming Corp. (BB/B3) | Boyd Gaming Corp. (BB/B3) | Boyd Gaming Corp. (BB/B3) | Boyd Gaming Corp. (BB/B3) |
| 108000 | 4.750 | 12/01/27 | 100633 |
| 284000 | 4.750 <sup>(a)</sup> | 06/15/31 | 249210 |
| Caesars Entertainment, Inc. (B/B1) | Caesars Entertainment, Inc. (B/B1) | Caesars Entertainment, Inc. (B/B1) | Caesars Entertainment, Inc. (B/B1) |
| 530000 | 6.250 <sup>(a)</sup> | 07/01/25 | 523633 |
| 391000 | 8.125 <sup>(a)</sup> | 07/01/27 | 392162 |
| 175000 | 4.625 <sup>(a)</sup> | 10/15/29 | 147657 |
| Carnival Corp. (B/B3) | Carnival Corp. (B/B3) | Carnival Corp. (B/B3) | Carnival Corp. (B/B3) |
| 500000 | 10.500 <sup>(a)</sup> | 02/01/26 | 511250 |
| 500000 | 7.625 <sup>(a)</sup> | 03/01/26 | 422500 |
| 400000 | 5.750 <sup>(a)</sup> | 03/01/27 | 305500 |
| 1000000 | 6.000 <sup>(a)</sup> | 05/01/29 | 695000 |
| Carnival Holdings Bermuda Ltd.<sup>(a)</sup> (B+/B2) | Carnival Holdings Bermuda Ltd.<sup>(a)</sup> (B+/B2) | Carnival Holdings Bermuda Ltd.<sup>(a)</sup> (B+/B2) | Carnival Holdings Bermuda Ltd.<sup>(a)</sup> (B+/B2) |
| 610000 | 10.375 | 05/01/28 | 635925 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| Cedar Fair LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Op<sup>(a)</sup> (BB+/Ba2) | Cedar Fair LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Op<sup>(a)</sup> (BB+/Ba2) | Cedar Fair LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Op<sup>(a)</sup> (BB+/Ba2) | Cedar Fair LP / Canada's Wonderland Co. / Magnum Management Corp. / Millennium Op<sup>(a)</sup> (BB+/Ba2) |
| 229000 | 5.500% | 05/01/25 | $226424 |
| Churchill Downs, Inc. (B+/B1) | Churchill Downs, Inc. (B+/B1) | Churchill Downs, Inc. (B+/B1) | Churchill Downs, Inc. (B+/B1) |
| 217000 | 5.500 <sup>(a)</sup> | 04/01/27 | 206964 |
| 226000 | 4.750 <sup>(a)</sup> | 01/15/28 | 209050 |
| Clarios Global LP / Clarios US Finance Co.<sup>(a)</sup> (CCC+/Caa1) | Clarios Global LP / Clarios US Finance Co.<sup>(a)</sup> (CCC+/Caa1) | Clarios Global LP / Clarios US Finance Co.<sup>(a)</sup> (CCC+/Caa1) | Clarios Global LP / Clarios US Finance Co.<sup>(a)</sup> (CCC+/Caa1) |
| 500000 | 8.500 | 05/15/27 | 491250 |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. (B/B2) | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. (B/B2) | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. (B/B2) | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. (B/B2) |
| 378000 | 4.625 <sup>(a)</sup> | 01/15/29 | 334057 |
| 324000 | 6.750 <sup>(a)</sup> | 01/15/30 | 270540 |
| Ford Motor Co. (BB+/Ba2) | Ford Motor Co. (BB+/Ba2) | Ford Motor Co. (BB+/Ba2) | Ford Motor Co. (BB+/Ba2) |
| 387000 | 4.346 | 12/08/26 | 368404 |
| 308000 | 6.625 | 10/01/28 | 309841 |
| 253000 | 7.450 | 07/16/31 | 268310 |
| Ford Motor Credit Co. LLC (BB+/Ba2) | Ford Motor Credit Co. LLC (BB+/Ba2) | Ford Motor Credit Co. LLC (BB+/Ba2) | Ford Motor Credit Co. LLC (BB+/Ba2) |
| 200000 | 3.810 | 01/09/24 | 195199 |
| 200000 | 3.664 | 09/08/24 | 191195 |
| 200000 | 4.063 | 11/01/24 | 192606 |
| 200000 | 4.687 | 06/09/25 | 193028 |
| 460000 | 5.125 | 06/16/25 | 447934 |
| 364000 | 4.134 | 08/04/25 | 345866 |
| 200000 | 4.542 | 08/01/26 | 188875 |
| 380000 | 2.700 | 08/10/26 | 336498 |
| 200000 | 4.271 | 01/09/27 | 186080 |
| 240000 | 4.125 | 08/17/27 | 219278 |
| 540000 | 5.113 | 05/03/29 | 501172 |
| 200000 | 4.000 | 11/13/30 | 171422 |
| Ford Motor Credit Co. LLC, GMTN (BB+/Ba2) | Ford Motor Credit Co. LLC, GMTN (BB+/Ba2) | Ford Motor Credit Co. LLC, GMTN (BB+/Ba2) | Ford Motor Credit Co. LLC, GMTN (BB+/Ba2) |
| 200000 | 4.389 | 01/08/26 | 190694 |
| Goodyear Tire & Rubber Co. (The) (BB-/B2) | Goodyear Tire & Rubber Co. (The) (BB-/B2) | Goodyear Tire & Rubber Co. (The) (BB-/B2) | Goodyear Tire & Rubber Co. (The) (BB-/B2) |
| 421000 | 4.875 | 03/15/27 | 391004 |
| 296000 | 5.250 | 04/30/31 | 254560 |
| Hilton Domestic Operating Co., Inc. (BB+/Ba2) | Hilton Domestic Operating Co., Inc. (BB+/Ba2) | Hilton Domestic Operating Co., Inc. (BB+/Ba2) | Hilton Domestic Operating Co., Inc. (BB+/Ba2) |
| 145000 | 3.750 <sup>(a)</sup> | 05/01/29 | 127769 |
| 245000 | 4.875 | 01/15/30 | 226625 |
| 375000 | 4.000 <sup>(a)</sup> | 05/01/31 | 316162 |
| 299000 | 3.625 <sup>(a)</sup> | 02/15/32 | 243183 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc<sup>(a)</sup> (B/B2) | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc<sup>(a)</sup> (B/B2) | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc<sup>(a)</sup> (B/B2) | Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc<sup>(a)</sup> (B/B2) |
| 523000 | 5.000% | 06/01/29 | $455664 |
| Iron Mountain, Inc. (BB-/Ba3) | Iron Mountain, Inc. (BB-/Ba3) | Iron Mountain, Inc. (BB-/Ba3) | Iron Mountain, Inc. (BB-/Ba3) |
| 200000 | 4.875 <sup>(a)</sup> | 09/15/27 | 188500 |
| 334000 | 5.250 <sup>(a)</sup> | 03/15/28 | 313960 |
| 621000 | 5.250 <sup>(a)</sup> | 07/15/30 | 562005 |
| 479000 | 4.500 <sup>(a)</sup> | 02/15/31 | 401162 |
| Macy's Retail Holdings LLC<sup>(a)</sup> (BB+/Ba2) | Macy's Retail Holdings LLC<sup>(a)</sup> (BB+/Ba2) | Macy's Retail Holdings LLC<sup>(a)</sup> (BB+/Ba2) | Macy's Retail Holdings LLC<sup>(a)</sup> (BB+/Ba2) |
| 420000 | 6.125 | 03/15/32 | 366450 |
| MGM Resorts International (B+/B1) | MGM Resorts International (B+/B1) | MGM Resorts International (B+/B1) | MGM Resorts International (B+/B1) |
| 327000 | 5.750 | 06/15/25 | 321686 |
| 182000 | 4.625 | 09/01/26 | 168350 |
| 190000 | 5.500 | 04/15/27 | 180025 |
| 160000 | 4.750 | 10/15/28 | 142000 |
| Michaels Cos., Inc. (The)<sup>(a)</sup> (CCC/Caa1) | Michaels Cos., Inc. (The)<sup>(a)</sup> (CCC/Caa1) | Michaels Cos., Inc. (The)<sup>(a)</sup> (CCC/Caa1) | Michaels Cos., Inc. (The)<sup>(a)</sup> (CCC/Caa1) |
| 347000 | 7.875 | 05/01/29 | 206899 |
| Mohegan Gaming & Entertainment<sup>(a)</sup> (B-/Caa1) | Mohegan Gaming & Entertainment<sup>(a)</sup> (B-/Caa1) | Mohegan Gaming & Entertainment<sup>(a)</sup> (B-/Caa1) | Mohegan Gaming & Entertainment<sup>(a)</sup> (B-/Caa1) |
| 325000 | 8.000 | 02/01/26 | 305906 |
| NCL Corp Ltd.<sup>(a)</sup> (B-/Caa1) | NCL Corp Ltd.<sup>(a)</sup> (B-/Caa1) | NCL Corp Ltd.<sup>(a)</sup> (B-/Caa1) | NCL Corp Ltd.<sup>(a)</sup> (B-/Caa1) |
| 257000 | 3.625 | 12/15/24 | 224232 |
| NCL Corp. Ltd. (B-/Caa1) | NCL Corp. Ltd. (B-/Caa1) | NCL Corp. Ltd. (B-/Caa1) | NCL Corp. Ltd. (B-/Caa1) |
| 130000 | 5.875 <sup>(a)</sup> | 03/15/26 | 107575 |
| 339000 | 7.750 <sup>(a)</sup> | 02/15/29 | 272895 |
| Nordstrom, Inc. (BB+/Ba1) | Nordstrom, Inc. (BB+/Ba1) | Nordstrom, Inc. (BB+/Ba1) | Nordstrom, Inc. (BB+/Ba1) |
| 316000 | 4.375 | 04/01/30 | 255565 |
| PetSmart, Inc. / PetSmart Finance Corp. (CCC+/B3) | PetSmart, Inc. / PetSmart Finance Corp. (CCC+/B3) | PetSmart, Inc. / PetSmart Finance Corp. (CCC+/B3) | PetSmart, Inc. / PetSmart Finance Corp. (CCC+/B3) |
| 250000 | 4.750 <sup>(a)</sup> | 02/15/28 | 226250 |
| 250000 | 7.750 <sup>(a)</sup> | 02/15/29 | 232187 |
| Prime Security Services Borrower LLC / Prime Finance, Inc. (B-/B3) | Prime Security Services Borrower LLC / Prime Finance, Inc. (B-/B3) | Prime Security Services Borrower LLC / Prime Finance, Inc. (B-/B3) | Prime Security Services Borrower LLC / Prime Finance, Inc. (B-/B3) |
| 258000 | 3.375 <sup>(a)</sup> | 08/31/27 | 227685 |
| 802000 | 6.250 <sup>(a)</sup> | 01/15/28 | 749870 |
| QVC, Inc. (BB/Ba2) | QVC, Inc. (BB/Ba2) | QVC, Inc. (BB/Ba2) | QVC, Inc. (BB/Ba2) |
| 230000 | 4.750 | 02/15/27 | 170775 |
| RHP Hotel Properties LP / RHP Finance Corp.<sup>(a)</sup> (B+/B1) | RHP Hotel Properties LP / RHP Finance Corp.<sup>(a)</sup> (B+/B1) | RHP Hotel Properties LP / RHP Finance Corp.<sup>(a)</sup> (B+/B1) | RHP Hotel Properties LP / RHP Finance Corp.<sup>(a)</sup> (B+/B1) |
| 365000 | 4.500 | 02/15/29 | 318919 |
| Royal Caribbean Cruises Ltd. (B/B3) | Royal Caribbean Cruises Ltd. (B/B3) | Royal Caribbean Cruises Ltd. (B/B3) | Royal Caribbean Cruises Ltd. (B/B3) |
| 342000 | 11.500 <sup>(a)</sup> | 06/01/25 | 367223 |
| 500000 | 4.250 <sup>(a)</sup> | 07/01/26 | 413750 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| Royal Caribbean Cruises Ltd. (B/B3) – (continued) | Royal Caribbean Cruises Ltd. (B/B3) – (continued) | Royal Caribbean Cruises Ltd. (B/B3) – (continued) | Royal Caribbean Cruises Ltd. (B/B3) – (continued) |
| 386000 | 3.700% | 03/15/28 | $291430 |
| 605000 | 5.500 <sup>(a)</sup> | 04/01/28 | 496100 |
| Scientific Games International, Inc. (B+/B3) | Scientific Games International, Inc. (B+/B3) | Scientific Games International, Inc. (B+/B3) | Scientific Games International, Inc. (B+/B3) |
| 145000 | 7.000 <sup>(a)</sup> | 05/15/28 | 144456 |
| 258000 | 7.250 <sup>(a)</sup> | 11/15/29 | 253485 |
| Six Flags Entertainment Corp.<sup>(a)</sup> (B/B3) | Six Flags Entertainment Corp.<sup>(a)</sup> (B/B3) | Six Flags Entertainment Corp.<sup>(a)</sup> (B/B3) | Six Flags Entertainment Corp.<sup>(a)</sup> (B/B3) |
| 150000 | 5.500 | 04/15/27 | 135750 |
| Staples, Inc. (B/B3) | Staples, Inc. (B/B3) | Staples, Inc. (B/B3) | Staples, Inc. (B/B3) |
| 442000 | 7.500 <sup>(a)</sup> | 04/15/26 | 391723 |
| 176000 | 10.750 <sup>(a)</sup> | 04/15/27 | 128920 |
| Taylor Morrison Communities, Inc.<sup>(a)</sup> (BB/Ba3) | Taylor Morrison Communities, Inc.<sup>(a)</sup> (BB/Ba3) | Taylor Morrison Communities, Inc.<sup>(a)</sup> (BB/Ba3) | Taylor Morrison Communities, Inc.<sup>(a)</sup> (BB/Ba3) |
| 143000 | 5.125 | 08/01/30 | 123338 |
| Travel + Leisure Co.<sup>(a)</sup> (BB-/Ba3) | Travel + Leisure Co.<sup>(a)</sup> (BB-/Ba3) | Travel + Leisure Co.<sup>(a)</sup> (BB-/Ba3) | Travel + Leisure Co.<sup>(a)</sup> (BB-/Ba3) |
| 461000 | 6.625 | 07/31/26 | 452356 |
| Williams Scotsman International, Inc.<sup>(a)</sup> (B+/B2) | Williams Scotsman International, Inc.<sup>(a)</sup> (B+/B2) | Williams Scotsman International, Inc.<sup>(a)</sup> (B+/B2) | Williams Scotsman International, Inc.<sup>(a)</sup> (B+/B2) |
| 208000 | 6.125 | 06/15/25 | 208000 |
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.<sup>(a)</sup> (B+/B2) | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.<sup>(a)</sup> (B+/B2) | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.<sup>(a)</sup> (B+/B2) | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.<sup>(a)</sup> (B+/B2) |
| 470000 | 5.500 | 03/01/25 | 451788 |
| Yum! Brands, Inc. (BB/Ba3) | Yum! Brands, Inc. (BB/Ba3) | Yum! Brands, Inc. (BB/Ba3) | Yum! Brands, Inc. (BB/Ba3) |
| 417000 | 4.750 <sup>(a)</sup> | 01/15/30 | 381555 |
| 350000 | 3.625 | 03/15/31 | 294438 |
| 290000 | 5.375 | 04/01/32 | 269700 |
|  |  |  | 25133734 |
| **Consumer Noncyclical – 4.1%** | **Consumer Noncyclical – 4.1%** | **Consumer Noncyclical – 4.1%** | **Consumer Noncyclical – 4.1%** |
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (BB/Ba3) | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (BB/Ba3) | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (BB/Ba3) | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (BB/Ba3) |
| 490000 | 4.625 <sup>(a)</sup> | 01/15/27 | 453862 |
| 442000 | 3.500 <sup>(a)</sup> | 03/15/29 | 369623 |
| 393000 | 4.875 <sup>(a)</sup> | 02/15/30 | 352226 |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. (CCC+/Caa1) | Allied Universal Holdco LLC / Allied Universal Finance Corp. (CCC+/Caa1) | Allied Universal Holdco LLC / Allied Universal Finance Corp. (CCC+/Caa1) | Allied Universal Holdco LLC / Allied Universal Finance Corp. (CCC+/Caa1) |
| 199000 | 6.625 <sup>(a)</sup> | 07/15/26 | 189547 |
| 680000 | 6.000 <sup>(a)</sup> | 06/01/29 | 493000 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup> (B/B2) | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup> (B/B2) | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup> (B/B2) | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl<sup>(a)</sup> (B/B2) |
| 200000 | 4.625 | 06/01/28 | 169750 |
| Avantor Funding, Inc.<sup>(a)</sup> (BB-/B2) | Avantor Funding, Inc.<sup>(a)</sup> (BB-/B2) | Avantor Funding, Inc.<sup>(a)</sup> (BB-/B2) | Avantor Funding, Inc.<sup>(a)</sup> (BB-/B2) |
| 416000 | 4.625 | 07/15/28 | 384800 |
| Hologic, Inc. (BB+/Ba2) | Hologic, Inc. (BB+/Ba2) | Hologic, Inc. (BB+/Ba2) | Hologic, Inc. (BB+/Ba2) |
| 109000 | 4.625 <sup>(a)</sup> | 02/01/28 | 103278 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| Hologic, Inc. (BB+/Ba2) – (continued) | Hologic, Inc. (BB+/Ba2) – (continued) | Hologic, Inc. (BB+/Ba2) – (continued) | Hologic, Inc. (BB+/Ba2) – (continued) |
| 251000 | 3.250 %<sup>(a)</sup> | 02/15/29 | $217115 |
| Medline Borrower LP (B+/B1) | Medline Borrower LP (B+/B1) | Medline Borrower LP (B+/B1) | Medline Borrower LP (B+/B1) |
| 1349000 | 3.875 <sup>(a)</sup> | 04/01/29 | 1139905 |
| 106000 | 5.250 <sup>(a)</sup> | 10/01/29 | 86920 |
| Molina Healthcare, Inc.<sup>(a)</sup> (BB-/Ba3) | Molina Healthcare, Inc.<sup>(a)</sup> (BB-/Ba3) | Molina Healthcare, Inc.<sup>(a)</sup> (BB-/Ba3) | Molina Healthcare, Inc.<sup>(a)</sup> (BB-/Ba3) |
| 270000 | 4.375 | 06/15/28 | 246375 |
| Organon & Co. / Organon Foreign Debt Co.-Issuer BV (BB/Ba2) | Organon & Co. / Organon Foreign Debt Co.-Issuer BV (BB/Ba2) | Organon & Co. / Organon Foreign Debt Co.-Issuer BV (BB/Ba2) | Organon & Co. / Organon Foreign Debt Co.-Issuer BV (BB/Ba2) |
| 480000 | 4.125 <sup>(a)</sup> | 04/30/28 | 427200 |
| 450000 | 5.125 <sup>(a)</sup> | 04/30/31 | 397125 |
| Perrigo Finance Unlimited Co. (BB-/Ba2) | Perrigo Finance Unlimited Co. (BB-/Ba2) | Perrigo Finance Unlimited Co. (BB-/Ba2) | Perrigo Finance Unlimited Co. (BB-/Ba2) |
| 200000 | 3.900 | 12/15/24 | 189500 |
| RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc.<sup>(a)</sup> (CCC+/Caa1) | RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc.<sup>(a)</sup> (CCC+/Caa1) | RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc.<sup>(a)</sup> (CCC+/Caa1) | RegionalCare Hospital Partners Holdings, Inc. / LifePoint Health, Inc.<sup>(a)</sup> (CCC+/Caa1) |
| 314000 | 9.750 | 12/01/26 | 250415 |
| Vector Group Ltd.<sup>(a)</sup> (B-/Caa1) | Vector Group Ltd.<sup>(a)</sup> (B-/Caa1) | Vector Group Ltd.<sup>(a)</sup> (B-/Caa1) | Vector Group Ltd.<sup>(a)</sup> (B-/Caa1) |
| 230000 | 10.500 | 11/01/26 | 230575 |
|  |  |  | 5701216 |
| **Consumer Products – 0.5%** | **Consumer Products – 0.5%** | **Consumer Products – 0.5%** | **Consumer Products – 0.5%** |
| Coty, Inc.<sup>(a)</sup> (BB-/Ba3) | Coty, Inc.<sup>(a)</sup> (BB-/Ba3) | Coty, Inc.<sup>(a)</sup> (BB-/Ba3) | Coty, Inc.<sup>(a)</sup> (BB-/Ba3) |
| 360000 | 5.000 | 04/15/26 | 344700 |
| Mattel, Inc.<sup>(a)</sup> (BB+/Baa3) | Mattel, Inc.<sup>(a)</sup> (BB+/Baa3) | Mattel, Inc.<sup>(a)</sup> (BB+/Baa3) | Mattel, Inc.<sup>(a)</sup> (BB+/Baa3) |
| 332000 | 5.875 | 12/15/27 | 324945 |
|  |  |  | 669645 |
| **Distribution & Logistics – 0.4%** | **Distribution & Logistics – 0.4%** | **Distribution & Logistics – 0.4%** | **Distribution & Logistics – 0.4%** |
| WESCO Distribution, Inc.<sup>(a)</sup> (BB/Ba3) | WESCO Distribution, Inc.<sup>(a)</sup> (BB/Ba3) | WESCO Distribution, Inc.<sup>(a)</sup> (BB/Ba3) | WESCO Distribution, Inc.<sup>(a)</sup> (BB/Ba3) |
| 517000 | 7.250 | 06/15/28 | 522170 |
| **Electric – 3.0%** | **Electric – 3.0%** | **Electric – 3.0%** | **Electric – 3.0%** |
| Calpine Corp. (B+/B2) | Calpine Corp. (B+/B2) | Calpine Corp. (B+/B2) | Calpine Corp. (B+/B2) |
| 324000 | 5.250 <sup>(a)</sup> | 06/01/26 | 311040 |
| 486000 | 4.625 <sup>(a)</sup> | 02/01/29 | 421605 |
| 268000 | 5.000 <sup>(a)</sup> | 02/01/31 | 230480 |
| 161000 | 3.750 <sup>(a)</sup> | 03/01/31 | 132825 |
| Clearway Energy Operating LLC<sup>(a)</sup> (BB/Ba2) | Clearway Energy Operating LLC<sup>(a)</sup> (BB/Ba2) | Clearway Energy Operating LLC<sup>(a)</sup> (BB/Ba2) | Clearway Energy Operating LLC<sup>(a)</sup> (BB/Ba2) |
| 298000 | 3.750 | 02/15/31 | 251810 |
| FirstEnergy Corp. (BB+/Ba1) | FirstEnergy Corp. (BB+/Ba1) | FirstEnergy Corp. (BB+/Ba1) | FirstEnergy Corp. (BB+/Ba1) |
| 616000 | 2.650 | 03/01/30 | 516536 |
| FirstEnergy Corp., Series B (BB+/Ba1) | FirstEnergy Corp., Series B (BB+/Ba1) | FirstEnergy Corp., Series B (BB+/Ba1) | FirstEnergy Corp., Series B (BB+/Ba1) |
| 314000 | 4.400 | 07/15/27 | 296730 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** |
| NRG Energy, Inc. (BB+/Ba2) | NRG Energy, Inc. (BB+/Ba2) | NRG Energy, Inc. (BB+/Ba2) | NRG Energy, Inc. (BB+/Ba2) |
| 258000 | 5.250 %<sup>(a)</sup> | 06/15/29 | $238005 |
| 467000 | 3.625 <sup>(a)</sup> | 02/15/31 | 377862 |
| 222000 | 3.875 <sup>(a)</sup> | 02/15/32 | 179820 |
| PG&E Corp. (BB-/B1) | PG&E Corp. (BB-/B1) | PG&E Corp. (BB-/B1) | PG&E Corp. (BB-/B1) |
| 500000 | 5.250 | 07/01/30 | 454570 |
| Vistra Operations Co. LLC (BB/Ba2) | Vistra Operations Co. LLC (BB/Ba2) | Vistra Operations Co. LLC (BB/Ba2) | Vistra Operations Co. LLC (BB/Ba2) |
| 87000 | 5.625 <sup>(a)</sup> | 02/15/27 | 84173 |
| 318000 | 5.000 <sup>(a)</sup> | 07/31/27 | 298125 |
| 440000 | 4.375 <sup>(a)</sup> | 05/01/29 | 388300 |
|  |  |  | 4181881 |
| **Energy – 10.9%** | **Energy – 10.9%** | **Energy – 10.9%** | **Energy – 10.9%** |
| Antero Midstream Partners LP / Antero Midstream Finance Corp. (BB/Ba3) | Antero Midstream Partners LP / Antero Midstream Finance Corp. (BB/Ba3) | Antero Midstream Partners LP / Antero Midstream Finance Corp. (BB/Ba3) | Antero Midstream Partners LP / Antero Midstream Finance Corp. (BB/Ba3) |
| 478000 | 5.750 <sup>(a)</sup> | 03/01/27 | 459477 |
| 377000 | 5.750 <sup>(a)</sup> | 01/15/28 | 358150 |
| Antero Resources Corp.<sup>(a)</sup> (BB+/Ba2) | Antero Resources Corp.<sup>(a)</sup> (BB+/Ba2) | Antero Resources Corp.<sup>(a)</sup> (BB+/Ba2) | Antero Resources Corp.<sup>(a)</sup> (BB+/Ba2) |
| 126000 | 7.625 | 02/01/29 | 129465 |
| Apache Corp. (BB+/Ba1) | Apache Corp. (BB+/Ba1) | Apache Corp. (BB+/Ba1) | Apache Corp. (BB+/Ba1) |
| 165000 | 6.000 | 01/15/37 | 153037 |
| Archrock Partners LP / Archrock Partners Finance Corp.<sup>(a)</sup> (B+/B2) | Archrock Partners LP / Archrock Partners Finance Corp.<sup>(a)</sup> (B+/B2) | Archrock Partners LP / Archrock Partners Finance Corp.<sup>(a)</sup> (B+/B2) | Archrock Partners LP / Archrock Partners Finance Corp.<sup>(a)</sup> (B+/B2) |
| 287000 | 6.875 | 04/01/27 | 279107 |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp.<sup>(a)</sup> (B+/B3) | Ascent Resources Utica Holdings LLC / ARU Finance Corp.<sup>(a)</sup> (B+/B3) | Ascent Resources Utica Holdings LLC / ARU Finance Corp.<sup>(a)</sup> (B+/B3) | Ascent Resources Utica Holdings LLC / ARU Finance Corp.<sup>(a)</sup> (B+/B3) |
| 159000 | 5.875 | 06/30/29 | 143299 |
| Buckeye Partners LP (BB/B1) | Buckeye Partners LP (BB/B1) | Buckeye Partners LP (BB/B1) | Buckeye Partners LP (BB/B1) |
| 132000 | 3.950 | 12/01/26 | 117466 |
| 94000 | 4.125 | 12/01/27 | 82757 |
| 152000 | 4.500 <sup>(a)</sup> | 03/01/28 | 135850 |
| Callon Petroleum Co.<sup>(a)</sup> (B+/B3) | Callon Petroleum Co.<sup>(a)</sup> (B+/B3) | Callon Petroleum Co.<sup>(a)</sup> (B+/B3) | Callon Petroleum Co.<sup>(a)</sup> (B+/B3) |
| 251000 | 8.000 | 08/01/28 | 248490 |
| Cheniere Energy Partners LP (BBB-/Ba1) | Cheniere Energy Partners LP (BBB-/Ba1) | Cheniere Energy Partners LP (BBB-/Ba1) | Cheniere Energy Partners LP (BBB-/Ba1) |
| 295000 | 4.500 | 10/01/29 | 270662 |
| 521000 | 4.000 | 03/01/31 | 457178 |
| Cheniere Energy, Inc. (BBB-/Ba1) | Cheniere Energy, Inc. (BBB-/Ba1) | Cheniere Energy, Inc. (BBB-/Ba1) | Cheniere Energy, Inc. (BBB-/Ba1) |
| 385000 | 4.625 | 10/15/28 | 356606 |
| Comstock Resources, Inc. (B+/B2) | Comstock Resources, Inc. (B+/B2) | Comstock Resources, Inc. (B+/B2) | Comstock Resources, Inc. (B+/B2) |
| 238000 | 6.750 <sup>(a)</sup> | 03/01/29 | 230265 |
| 212000 | 5.875 <sup>(a)</sup> | 01/15/30 | 193450 |
| CQP Holdco LP / BIP-V Chinook Holdco LLC<sup>(a)</sup> (BB/B2) | CQP Holdco LP / BIP-V Chinook Holdco LLC<sup>(a)</sup> (BB/B2) | CQP Holdco LP / BIP-V Chinook Holdco LLC<sup>(a)</sup> (BB/B2) | CQP Holdco LP / BIP-V Chinook Holdco LLC<sup>(a)</sup> (BB/B2) |
| 500000 | 5.500 | 06/15/31 | 453750 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| CrownRock LP / CrownRock Finance, Inc.<sup>(a)</sup> (BB-/B1) | CrownRock LP / CrownRock Finance, Inc.<sup>(a)</sup> (BB-/B1) | CrownRock LP / CrownRock Finance, Inc.<sup>(a)</sup> (BB-/B1) | CrownRock LP / CrownRock Finance, Inc.<sup>(a)</sup> (BB-/B1) |
| 319000 | 5.625% | 10/15/25 | $313019 |
| DT Midstream, Inc.<sup>(a)</sup> (BB+/Ba2) | DT Midstream, Inc.<sup>(a)</sup> (BB+/Ba2) | DT Midstream, Inc.<sup>(a)</sup> (BB+/Ba2) | DT Midstream, Inc.<sup>(a)</sup> (BB+/Ba2) |
| 812000 | 4.375 | 06/15/31 | 701365 |
| Endeavor Energy Resources LP / EER Finance, Inc.<sup>(a)</sup> (BB+/Ba2) | Endeavor Energy Resources LP / EER Finance, Inc.<sup>(a)</sup> (BB+/Ba2) | Endeavor Energy Resources LP / EER Finance, Inc.<sup>(a)</sup> (BB+/Ba2) | Endeavor Energy Resources LP / EER Finance, Inc.<sup>(a)</sup> (BB+/Ba2) |
| 193000 | 5.750 | 01/30/28 | 188175 |
| EnLink Midstream LLC (BB+/Ba1) | EnLink Midstream LLC (BB+/Ba1) | EnLink Midstream LLC (BB+/Ba1) | EnLink Midstream LLC (BB+/Ba1) |
| 143000 | 5.375 | 06/01/29 | 136400 |
| EnLink Midstream Partners LP (BB+/Ba1) | EnLink Midstream Partners LP (BB+/Ba1) | EnLink Midstream Partners LP (BB+/Ba1) | EnLink Midstream Partners LP (BB+/Ba1) |
| 411000 | 4.850 | 07/15/26 | 391405 |
| EQM Midstream Partners LP (BB-/Ba3) | EQM Midstream Partners LP (BB-/Ba3) | EQM Midstream Partners LP (BB-/Ba3) | EQM Midstream Partners LP (BB-/Ba3) |
| 365000 | 6.000 <sup>(a)</sup> | 07/01/25 | 360437 |
| 210000 | 6.500 <sup>(a)</sup> | 07/01/27 | 206588 |
| 175000 | 5.500 | 07/15/28 | 161437 |
| 190000 | 4.500 <sup>(a)</sup> | 01/15/29 | 167438 |
| 296000 | 4.750 <sup>(a)</sup> | 01/15/31 | 251600 |
| Hess Midstream Operations LP (BB+/Ba2) | Hess Midstream Operations LP (BB+/Ba2) | Hess Midstream Operations LP (BB+/Ba2) | Hess Midstream Operations LP (BB+/Ba2) |
| 419000 | 5.125 <sup>(a)</sup> | 06/15/28 | 390718 |
| 100000 | 5.500 <sup>(a)</sup> | 10/15/30 | 92250 |
| Hilcorp Energy I LP / Hilcorp Finance Co. (BB+/Ba3) | Hilcorp Energy I LP / Hilcorp Finance Co. (BB+/Ba3) | Hilcorp Energy I LP / Hilcorp Finance Co. (BB+/Ba3) | Hilcorp Energy I LP / Hilcorp Finance Co. (BB+/Ba3) |
| 221000 | 6.250 <sup>(a)</sup> | 11/01/28 | 211607 |
| 277000 | 5.750 <sup>(a)</sup> | 02/01/29 | 255533 |
| ITT Holdings LLC<sup>(a)</sup> (B/B2) | ITT Holdings LLC<sup>(a)</sup> (B/B2) | ITT Holdings LLC<sup>(a)</sup> (B/B2) | ITT Holdings LLC<sup>(a)</sup> (B/B2) |
| 200000 | 6.500 | 08/01/29 | 172500 |
| Moss Creek Resources Holdings, Inc. (B/B3) | Moss Creek Resources Holdings, Inc. (B/B3) | Moss Creek Resources Holdings, Inc. (B/B3) | Moss Creek Resources Holdings, Inc. (B/B3) |
| 141000 | 7.500 <sup>(a)</sup> | 01/15/26 | 133245 |
| 137000 | 10.500 <sup>(a)</sup> | 05/15/27 | 134945 |
| Nabors Industries Ltd.<sup>(a)</sup> (CCC/B3) | Nabors Industries Ltd.<sup>(a)</sup> (CCC/B3) | Nabors Industries Ltd.<sup>(a)</sup> (CCC/B3) | Nabors Industries Ltd.<sup>(a)</sup> (CCC/B3) |
| 109000 | 7.250 | 01/15/26 | 104095 |
| Nabors Industries, Inc. (CCC/Caa1) | Nabors Industries, Inc. (CCC/Caa1) | Nabors Industries, Inc. (CCC/Caa1) | Nabors Industries, Inc. (CCC/Caa1) |
| 291000 | 5.750 | 02/01/25 | 280815 |
| New Fortress Energy, Inc.<sup>(a)</sup> (BB-/B1) | New Fortress Energy, Inc.<sup>(a)</sup> (BB-/B1) | New Fortress Energy, Inc.<sup>(a)</sup> (BB-/B1) | New Fortress Energy, Inc.<sup>(a)</sup> (BB-/B1) |
| 418000 | 6.500 | 09/30/26 | 402325 |
| Occidental Petroleum Corp. (BB+/Ba1) | Occidental Petroleum Corp. (BB+/Ba1) | Occidental Petroleum Corp. (BB+/Ba1) | Occidental Petroleum Corp. (BB+/Ba1) |
| 39000 | 6.950 | 07/01/24 | 39546 |
| 170000 | 6.375 | 09/01/28 | 173825 |
| 83000 | 8.875 | 07/15/30 | 95242 |
| 419000 | 6.625 | 09/01/30 | 437855 |
| 217000 | 6.125 | 01/01/31 | 220798 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Occidental Petroleum Corp. (BB+/Ba1) – (continued) | Occidental Petroleum Corp. (BB+/Ba1) – (continued) | Occidental Petroleum Corp. (BB+/Ba1) – (continued) | Occidental Petroleum Corp. (BB+/Ba1) – (continued) |
| 271000 | 7.500% | 05/01/31 | $295430 |
| 157000 | 7.875 | 09/15/31 | 172747 |
| 534000 | 6.450 | 09/15/36 | 539002 |
| 363000 | 0.000 <sup>(c)</sup> | 10/10/36 | 187028 |
| PBF Holding Co. LLC / PBF Finance Corp. (BB/B1) | PBF Holding Co. LLC / PBF Finance Corp. (BB/B1) | PBF Holding Co. LLC / PBF Finance Corp. (BB/B1) | PBF Holding Co. LLC / PBF Finance Corp. (BB/B1) |
| 90000 | 7.250 | 06/15/25 | 88875 |
| 399000 | 6.000 | 02/15/28 | 365085 |
| Range Resources Corp. (BB/Ba3) | Range Resources Corp. (BB/Ba3) | Range Resources Corp. (BB/Ba3) | Range Resources Corp. (BB/Ba3) |
| 199000 | 4.875 | 05/15/25 | 193030 |
| 164000 | 8.250 | 01/15/29 | 169740 |
| SM Energy Co. (BB-/B2) | SM Energy Co. (BB-/B2) | SM Energy Co. (BB-/B2) | SM Energy Co. (BB-/B2) |
| 90000 | 6.750 | 09/15/26 | 88650 |
| 239000 | 6.625 | 01/15/27 | 235415 |
| Southwestern Energy Co. (BB+/Ba2) | Southwestern Energy Co. (BB+/Ba2) | Southwestern Energy Co. (BB+/Ba2) | Southwestern Energy Co. (BB+/Ba2) |
| 71000 | 7.750 | 10/01/27 | 73308 |
| 250000 | 5.375 | 03/15/30 | 231875 |
| 232000 | 4.750 | 02/01/32 | 204160 |
| Sunoco LP / Sunoco Finance Corp. (BB/Ba3) | Sunoco LP / Sunoco Finance Corp. (BB/Ba3) | Sunoco LP / Sunoco Finance Corp. (BB/Ba3) | Sunoco LP / Sunoco Finance Corp. (BB/Ba3) |
| 130000 | 6.000 | 04/15/27 | 129675 |
| 200000 | 4.500 | 05/15/29 | 175000 |
| Transocean, Inc.<sup>(a)</sup> (CCC+/Caa1) | Transocean, Inc.<sup>(a)</sup> (CCC+/Caa1) | Transocean, Inc.<sup>(a)</sup> (CCC+/Caa1) | Transocean, Inc.<sup>(a)</sup> (CCC+/Caa1) |
| 297000 | 11.500 | 01/30/27 | 300713 |
| USA Compression Partners LP / USA Compression Finance Corp. (B+/B3) | USA Compression Partners LP / USA Compression Finance Corp. (B+/B3) | USA Compression Partners LP / USA Compression Finance Corp. (B+/B3) | USA Compression Partners LP / USA Compression Finance Corp. (B+/B3) |
| 380000 | 6.875 | 04/01/26 | 366700 |
| Venture Global Calcasieu Pass LLC (BB/Ba2) | Venture Global Calcasieu Pass LLC (BB/Ba2) | Venture Global Calcasieu Pass LLC (BB/Ba2) | Venture Global Calcasieu Pass LLC (BB/Ba2) |
| 588000 | 3.875 <sup>(a)</sup> | 08/15/29 | 513765 |
| 440000 | 3.875 <sup>(a)</sup> | 11/01/33 | 358050 |
| Weatherford International Ltd.<sup>(a)</sup> (B+/Ba3) | Weatherford International Ltd.<sup>(a)</sup> (B+/Ba3) | Weatherford International Ltd.<sup>(a)</sup> (B+/Ba3) | Weatherford International Ltd.<sup>(a)</sup> (B+/Ba3) |
| 489000 | 6.500 | 09/15/28 | 471885 |
|  |  |  | 15252305 |
| **Financial Company – 4.6%** | **Financial Company – 4.6%** | **Financial Company – 4.6%** | **Financial Company – 4.6%** |
| HUB International Ltd.<sup>(a)</sup> (CCC+/Caa2) | HUB International Ltd.<sup>(a)</sup> (CCC+/Caa2) | HUB International Ltd.<sup>(a)</sup> (CCC+/Caa2) | HUB International Ltd.<sup>(a)</sup> (CCC+/Caa2) |
| 390000 | 7.000 | 05/01/26 | 387562 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp. (BB/Ba3) | Icahn Enterprises LP / Icahn Enterprises Finance Corp. (BB/Ba3) | Icahn Enterprises LP / Icahn Enterprises Finance Corp. (BB/Ba3) | Icahn Enterprises LP / Icahn Enterprises Finance Corp. (BB/Ba3) |
| 402000 | 6.375 | 12/15/25 | 394054 |
| 887000 | 5.250 | 05/15/27 | 818258 |
| LD Holdings Group LLC<sup>(a)</sup> (CCC+/Caa1) | LD Holdings Group LLC<sup>(a)</sup> (CCC+/Caa1) | LD Holdings Group LLC<sup>(a)</sup> (CCC+/Caa1) | LD Holdings Group LLC<sup>(a)</sup> (CCC+/Caa1) |
| 289000 | 6.125 | 04/01/28 | 146667 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Financial Company – (continued)** | **Financial Company – (continued)** | **Financial Company – (continued)** | **Financial Company – (continued)** |
| Midcap Financial Issuer Trust<sup>(a)</sup> (B+/B1) | Midcap Financial Issuer Trust<sup>(a)</sup> (B+/B1) | Midcap Financial Issuer Trust<sup>(a)</sup> (B+/B1) | Midcap Financial Issuer Trust<sup>(a)</sup> (B+/B1) |
| 500000 | 6.500% | 05/01/28 | $438750 |
| Nationstar Mortgage Holdings, Inc. (B/B1) | Nationstar Mortgage Holdings, Inc. (B/B1) | Nationstar Mortgage Holdings, Inc. (B/B1) | Nationstar Mortgage Holdings, Inc. (B/B1) |
| 290000 | 6.000 <sup>(a)</sup> | 01/15/27 | 264987 |
| 554000 | 5.500 <sup>(a)</sup> | 08/15/28 | 468130 |
| Navient Corp. (B+/Ba3) | Navient Corp. (B+/Ba3) | Navient Corp. (B+/Ba3) | Navient Corp. (B+/Ba3) |
| 108000 | 5.875 | 10/25/24 | 106027 |
| 336000 | 6.750 | 06/25/25 | 327747 |
| 567000 | 6.750 | 06/15/26 | 537049 |
| Navient Corp., MTN (B+/Ba3) | Navient Corp., MTN (B+/Ba3) | Navient Corp., MTN (B+/Ba3) | Navient Corp., MTN (B+/Ba3) |
| 126000 | 6.125 | 03/25/24 | 125526 |
| 237000 | 5.625 | 08/01/33 | 167998 |
| NFP Corp.<sup>(a)</sup> (CCC+/Caa2) | NFP Corp.<sup>(a)</sup> (CCC+/Caa2) | NFP Corp.<sup>(a)</sup> (CCC+/Caa2) | NFP Corp.<sup>(a)</sup> (CCC+/Caa2) |
| 760000 | 6.875 | 08/15/28 | 646000 |
| PennyMac Financial Services, Inc.<sup>(a)</sup> (B+/Ba3) | PennyMac Financial Services, Inc.<sup>(a)</sup> (B+/Ba3) | PennyMac Financial Services, Inc.<sup>(a)</sup> (B+/Ba3) | PennyMac Financial Services, Inc.<sup>(a)</sup> (B+/Ba3) |
| 638000 | 5.375 | 10/15/25 | 586163 |
| Rocket Mortgage LLC<sup>(a)</sup> (BB/Ba1) | Rocket Mortgage LLC<sup>(a)</sup> (BB/Ba1) | Rocket Mortgage LLC<sup>(a)</sup> (BB/Ba1) | Rocket Mortgage LLC<sup>(a)</sup> (BB/Ba1) |
| 244000 | 5.250 | 01/15/28 | 208764 |
| Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.<sup>(a)</sup> (BB/Ba1) | Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.<sup>(a)</sup> (BB/Ba1) | Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.<sup>(a)</sup> (BB/Ba1) | Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc.<sup>(a)</sup> (BB/Ba1) |
| 711000 | 3.875 | 03/01/31 | 554352 |
| United Wholesale Mortgage LLC<sup>(a)</sup> (NR/Ba3) | United Wholesale Mortgage LLC<sup>(a)</sup> (NR/Ba3) | United Wholesale Mortgage LLC<sup>(a)</sup> (NR/Ba3) | United Wholesale Mortgage LLC<sup>(a)</sup> (NR/Ba3) |
| 336000 | 5.500 | 04/15/29 | 279720 |
|  |  |  | 6457754 |
| **Food and Beverage – 2.6%** | **Food and Beverage – 2.6%** | **Food and Beverage – 2.6%** | **Food and Beverage – 2.6%** |
| Aramark Services, Inc.<sup>(a)</sup> (B+/B1) | Aramark Services, Inc.<sup>(a)</sup> (B+/B1) | Aramark Services, Inc.<sup>(a)</sup> (B+/B1) | Aramark Services, Inc.<sup>(a)</sup> (B+/B1) |
| 370000 | 5.000 | 02/01/28 | 347338 |
| B&G Foods, Inc. (CCC+/Caa1) | B&G Foods, Inc. (CCC+/Caa1) | B&G Foods, Inc. (CCC+/Caa1) | B&G Foods, Inc. (CCC+/Caa1) |
| 310000 | 5.250 | 04/01/25 | 273331 |
| Darling Ingredients, Inc.<sup>(a)</sup> (BB+/Ba2) | Darling Ingredients, Inc.<sup>(a)</sup> (BB+/Ba2) | Darling Ingredients, Inc.<sup>(a)</sup> (BB+/Ba2) | Darling Ingredients, Inc.<sup>(a)</sup> (BB+/Ba2) |
| 464000 | 5.250 | 04/15/27 | 448630 |
| Lamb Weston Holdings, Inc.<sup>(a)</sup> (BB+/Ba3) | Lamb Weston Holdings, Inc.<sup>(a)</sup> (BB+/Ba3) | Lamb Weston Holdings, Inc.<sup>(a)</sup> (BB+/Ba3) | Lamb Weston Holdings, Inc.<sup>(a)</sup> (BB+/Ba3) |
| 615000 | 4.125 | 01/31/30 | 552731 |
| Performance Food Group, Inc.<sup>(a)</sup> (BB-/B2) | Performance Food Group, Inc.<sup>(a)</sup> (BB-/B2) | Performance Food Group, Inc.<sup>(a)</sup> (BB-/B2) | Performance Food Group, Inc.<sup>(a)</sup> (BB-/B2) |
| 668000 | 5.500 | 10/15/27 | 647960 |
| Post Holdings, Inc. (B+/B2) | Post Holdings, Inc. (B+/B2) | Post Holdings, Inc. (B+/B2) | Post Holdings, Inc. (B+/B2) |
| 162000 | 5.750 <sup>(a)</sup> | 03/01/27 | 157950 |
| 180000 | 5.625 <sup>(a)</sup> | 01/15/28 | 172575 |
| 480000 | 5.500 <sup>(a)</sup> | 12/15/29 | 442200 |
| 452000 | 4.500 <sup>(a)</sup> | 09/15/31 | 384200 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** |
| US Foods, Inc.<sup>(a)</sup> (B+/B3) | US Foods, Inc.<sup>(a)</sup> (B+/B3) | US Foods, Inc.<sup>(a)</sup> (B+/B3) | US Foods, Inc.<sup>(a)</sup> (B+/B3) |
| 200000 | 4.750% | 02/15/29 | $180000 |
|  |  |  | 3606915 |
| **Hardware – 1.4%** | **Hardware – 1.4%** | **Hardware – 1.4%** | **Hardware – 1.4%** |
| CommScope Technologies LLC<sup>(a)</sup> (CCC+/Caa1) | CommScope Technologies LLC<sup>(a)</sup> (CCC+/Caa1) | CommScope Technologies LLC<sup>(a)</sup> (CCC+/Caa1) | CommScope Technologies LLC<sup>(a)</sup> (CCC+/Caa1) |
| 620000 | 5.000 | 03/15/27 | 475075 |
| CommScope, Inc.<sup>(a)</sup> (B/B1) | CommScope, Inc.<sup>(a)</sup> (B/B1) | CommScope, Inc.<sup>(a)</sup> (B/B1) | CommScope, Inc.<sup>(a)</sup> (B/B1) |
| 800000 | 6.000 | 03/01/26 | 769556 |
| NCR Corp. (B/B3) | NCR Corp. (B/B3) | NCR Corp. (B/B3) | NCR Corp. (B/B3) |
| 208000 | 5.750 <sup>(a)</sup> | 09/01/27 | 203320 |
| 230000 | 5.000 <sup>(a)</sup> | 10/01/28 | 201250 |
| 150000 | 6.125 <sup>(a)</sup> | 09/01/29 | 145875 |
| 230000 | 5.250 <sup>(a)</sup> | 10/01/30 | 194350 |
|  |  |  | 1989426 |
| **Healthcare – 4.8%** | **Healthcare – 4.8%** | **Healthcare – 4.8%** | **Healthcare – 4.8%** |
| Catalent Pharma Solutions, Inc.<sup>(a)</sup> (BB-/B1) | Catalent Pharma Solutions, Inc.<sup>(a)</sup> (BB-/B1) | Catalent Pharma Solutions, Inc.<sup>(a)</sup> (BB-/B1) | Catalent Pharma Solutions, Inc.<sup>(a)</sup> (BB-/B1) |
| 390000 | 3.125 | 02/15/29 | 319800 |
| CHS/Community Health Systems, Inc. (B/B2) | CHS/Community Health Systems, Inc. (B/B2) | CHS/Community Health Systems, Inc. (B/B2) | CHS/Community Health Systems, Inc. (B/B2) |
| 490000 | 6.000 <sup>(a)</sup> | 01/15/29 | 409150 |
| 490000 | 5.250 <sup>(a)</sup> | 05/15/30 | 373625 |
| 490000 | 4.750 <sup>(a)</sup> | 02/15/31 | 360150 |
| DaVita, Inc. (B+/B1) | DaVita, Inc. (B+/B1) | DaVita, Inc. (B+/B1) | DaVita, Inc. (B+/B1) |
| 640000 | 4.625 <sup>(a)</sup> | 06/01/30 | 515200 |
| 240000 | 3.750 <sup>(a)</sup> | 02/15/31 | 176400 |
| Encompass Health Corp. (B+/B1) | Encompass Health Corp. (B+/B1) | Encompass Health Corp. (B+/B1) | Encompass Health Corp. (B+/B1) |
| 443000 | 4.750 | 02/01/30 | 384302 |
| IQVIA, Inc.<sup>(a)</sup> (BB/Ba3) | IQVIA, Inc.<sup>(a)</sup> (BB/Ba3) | IQVIA, Inc.<sup>(a)</sup> (BB/Ba3) | IQVIA, Inc.<sup>(a)</sup> (BB/Ba3) |
| 600000 | 5.000 | 05/15/27 | 573000 |
| Legacy LifePoint Health LLC<sup>(a)</sup> (B/B1) | Legacy LifePoint Health LLC<sup>(a)</sup> (B/B1) | Legacy LifePoint Health LLC<sup>(a)</sup> (B/B1) | Legacy LifePoint Health LLC<sup>(a)</sup> (B/B1) |
| 340000 | 4.375 | 02/15/27 | 283050 |
| MPH Acquisition Holdings LLC<sup>(a)</sup> (B-/B3) | MPH Acquisition Holdings LLC<sup>(a)</sup> (B-/B3) | MPH Acquisition Holdings LLC<sup>(a)</sup> (B-/B3) | MPH Acquisition Holdings LLC<sup>(a)</sup> (B-/B3) |
| 300000 | 5.750 | 11/01/28 | 213750 |
| Service Corp. International (BB/Ba3) | Service Corp. International (BB/Ba3) | Service Corp. International (BB/Ba3) | Service Corp. International (BB/Ba3) |
| 115000 | 4.625 | 12/15/27 | 107525 |
| 468000 | 5.125 | 06/01/29 | 444015 |
| 393000 | 3.375 | 08/15/30 | 329138 |
| Tenet Healthcare Corp. (B-/B3) | Tenet Healthcare Corp. (B-/B3) | Tenet Healthcare Corp. (B-/B3) | Tenet Healthcare Corp. (B-/B3) |
| 94000 | 4.625 | 07/15/24 | 91650 |
| 122000 | 4.625 <sup>(a)</sup> | 09/01/24 | 118950 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** |
| Tenet Healthcare Corp. (B-/B3) – (continued) | Tenet Healthcare Corp. (B-/B3) – (continued) | Tenet Healthcare Corp. (B-/B3) – (continued) | Tenet Healthcare Corp. (B-/B3) – (continued) |
| 397000 | 4.875 %<sup>(a)</sup> | 01/01/26 | $378142 |
| 290000 | 6.250 <sup>(a)</sup> | 02/01/27 | 279125 |
| 365000 | 5.125 <sup>(a)</sup> | 11/01/27 | 341275 |
| 397000 | 4.625 <sup>(a)</sup> | 06/15/28 | 356308 |
| 628000 | 6.125 <sup>(a)</sup> | 10/01/28 | 554995 |
| 220000 | 4.250 <sup>(a)</sup> | 06/01/29 | 190300 |
|  |  |  | 6799850 |
| **Insurance – 0.9%** | **Insurance – 0.9%** | **Insurance – 0.9%** | **Insurance – 0.9%** |
| Acrisure LLC / Acrisure Finance, Inc. (CCC+/Caa2) | Acrisure LLC / Acrisure Finance, Inc. (CCC+/Caa2) | Acrisure LLC / Acrisure Finance, Inc. (CCC+/Caa2) | Acrisure LLC / Acrisure Finance, Inc. (CCC+/Caa2) |
| 301000 | 7.000 <sup>(a)</sup> | 11/15/25 | 281764 |
| 165000 | 10.125 <sup>(a)</sup> | 08/01/26 | 162525 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer<sup>(a)</sup> (B/B2) | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer<sup>(a)</sup> (B/B2) | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer<sup>(a)</sup> (B/B2) | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer<sup>(a)</sup> (B/B2) |
| 899000 | 4.250 | 10/15/27 | 813595 |
|  |  |  | 1257884 |
| **Metals – 0.4%** | **Metals – 0.4%** | **Metals – 0.4%** | **Metals – 0.4%** |
| Novelis Corp. (BB/Ba3) | Novelis Corp. (BB/Ba3) | Novelis Corp. (BB/Ba3) | Novelis Corp. (BB/Ba3) |
| 450000 | 4.750 <sup>(a)</sup> | 01/30/30 | 407250 |
| 200000 | 3.875 <sup>(a)</sup> | 08/15/31 | 165000 |
|  |  |  | 572250 |
| **Metals and Mining – 0.4%** | **Metals and Mining – 0.4%** | **Metals and Mining – 0.4%** | **Metals and Mining – 0.4%** |
| Cleveland-Cliffs, Inc. (BB/Ba2) | Cleveland-Cliffs, Inc. (BB/Ba2) | Cleveland-Cliffs, Inc. (BB/Ba2) | Cleveland-Cliffs, Inc. (BB/Ba2) |
| 278000 | 6.750 <sup>(a)</sup> | 03/15/26 | 279042 |
| 306000 | 4.875 <sup>(a)</sup> | 03/01/31 | 265455 |
|  |  |  | 544497 |
| **Natural Gas – 2.2%** | **Natural Gas – 2.2%** | **Natural Gas – 2.2%** | **Natural Gas – 2.2%** |
| AmeriGas Partners LP / AmeriGas Finance Corp. (NR/B1) | AmeriGas Partners LP / AmeriGas Finance Corp. (NR/B1) | AmeriGas Partners LP / AmeriGas Finance Corp. (NR/B1) | AmeriGas Partners LP / AmeriGas Finance Corp. (NR/B1) |
| 310000 | 5.500 | 05/20/25 | 302250 |
| 347000 | 5.750 | 05/20/27 | 327047 |
| Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp. (BB/Ba3) | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp. (BB/Ba3) | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp. (BB/Ba3) | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp. (BB/Ba3) |
| 69000 | 5.625 <sup>(a)</sup> | 05/01/27 | 65205 |
| 132000 | 6.000 <sup>(a)</sup> | 02/01/29 | 122760 |
| Ferrellgas LP / Ferrellgas Finance Corp.<sup>(a)</sup> (B/B2) | Ferrellgas LP / Ferrellgas Finance Corp.<sup>(a)</sup> (B/B2) | Ferrellgas LP / Ferrellgas Finance Corp.<sup>(a)</sup> (B/B2) | Ferrellgas LP / Ferrellgas Finance Corp.<sup>(a)</sup> (B/B2) |
| 416000 | 5.375 | 04/01/26 | 384800 |
| Genesis Energy LP / Genesis Energy Finance Corp. (B/B2) | Genesis Energy LP / Genesis Energy Finance Corp. (B/B2) | Genesis Energy LP / Genesis Energy Finance Corp. (B/B2) | Genesis Energy LP / Genesis Energy Finance Corp. (B/B2) |
| 374000 | 8.000 | 01/15/27 | 359975 |
| NGL Energy Operating LLC / NGL Energy Finance Corp.<sup>(a)</sup> (B/B2) | NGL Energy Operating LLC / NGL Energy Finance Corp.<sup>(a)</sup> (B/B2) | NGL Energy Operating LLC / NGL Energy Finance Corp.<sup>(a)</sup> (B/B2) | NGL Energy Operating LLC / NGL Energy Finance Corp.<sup>(a)</sup> (B/B2) |
| 594000 | 7.500 | 02/01/26 | 537570 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Natural Gas – (continued)** | **Natural Gas – (continued)** | **Natural Gas – (continued)** | **Natural Gas – (continued)** |
| NGL Energy Partners LP / NGL Energy Finance Corp. (CCC-/Caa2) | NGL Energy Partners LP / NGL Energy Finance Corp. (CCC-/Caa2) | NGL Energy Partners LP / NGL Energy Finance Corp. (CCC-/Caa2) | NGL Energy Partners LP / NGL Energy Finance Corp. (CCC-/Caa2) |
| 100000 | 7.500% | 11/01/23 | $96500 |
| NuStar Logistics LP (BB-/Ba3) | NuStar Logistics LP (BB-/Ba3) | NuStar Logistics LP (BB-/Ba3) | NuStar Logistics LP (BB-/Ba3) |
| 100000 | 6.000 | 06/01/26 | 97500 |
| 100000 | 5.625 | 04/28/27 | 94750 |
| Rockies Express Pipeline LLC<sup>(a)</sup> (BB+/Ba2) | Rockies Express Pipeline LLC<sup>(a)</sup> (BB+/Ba2) | Rockies Express Pipeline LLC<sup>(a)</sup> (BB+/Ba2) | Rockies Express Pipeline LLC<sup>(a)</sup> (BB+/Ba2) |
| 324000 | 4.950 | 07/15/29 | 293220 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. (BB-/B1) | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. (BB-/B1) | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. (BB-/B1) | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp. (BB-/B1) |
| 153000 | 6.000 <sup>(a)</sup> | 03/01/27 | 146115 |
| 349000 | 5.500 <sup>(a)</sup> | 01/15/28 | 319335 |
|  |  |  | 3147027 |
| **Pharmaceuticals – 1.4%** | **Pharmaceuticals – 1.4%** | **Pharmaceuticals – 1.4%** | **Pharmaceuticals – 1.4%** |
| Bausch Health Americas, Inc.<sup>(a)</sup> (CCC/Ca) | Bausch Health Americas, Inc.<sup>(a)</sup> (CCC/Ca) | Bausch Health Americas, Inc.<sup>(a)</sup> (CCC/Ca) | Bausch Health Americas, Inc.<sup>(a)</sup> (CCC/Ca) |
| 550000 | 9.250 | 04/01/26 | 349250 |
| Bausch Health Cos., Inc. (B-/Caa1) | Bausch Health Cos., Inc. (B-/Caa1) | Bausch Health Cos., Inc. (B-/Caa1) | Bausch Health Cos., Inc. (B-/Caa1) |
| 715000 | 5.500 <sup>(a)</sup> | 11/01/25 | 593450 |
| 288000 | 5.750 <sup>(a)</sup> | 08/15/27 | 187200 |
| 961000 | 11.000 <sup>(a)</sup> | 09/30/28 | 737567 |
| 188000 | 14.000 <sup>(a)</sup> | 10/15/30 | 109040 |
|  |  |  | 1976507 |
| **REITs and Real Estate – 1.9%** | **REITs and Real Estate – 1.9%** | **REITs and Real Estate – 1.9%** | **REITs and Real Estate – 1.9%** |
| Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL<sup>(a)</sup> (BB+/B1) | Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL<sup>(a)</sup> (BB+/B1) | Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL<sup>(a)</sup> (BB+/B1) | Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL<sup>(a)</sup> (BB+/B1) |
| 320000 | 5.750 | 05/15/26 | 308310 |
| Diversified Healthcare Trust (BB/B3) | Diversified Healthcare Trust (BB/B3) | Diversified Healthcare Trust (BB/B3) | Diversified Healthcare Trust (BB/B3) |
| 333000 | 4.375 | 03/01/31 | 231714 |
| Howard Hughes Corp. (The)<sup>(a)</sup> (BB-/Ba3) | Howard Hughes Corp. (The)<sup>(a)</sup> (BB-/Ba3) | Howard Hughes Corp. (The)<sup>(a)</sup> (BB-/Ba3) | Howard Hughes Corp. (The)<sup>(a)</sup> (BB-/Ba3) |
| 378000 | 4.375 | 02/01/31 | 313267 |
| iStar, Inc. (BB/Ba2) | iStar, Inc. (BB/Ba2) | iStar, Inc. (BB/Ba2) | iStar, Inc. (BB/Ba2) |
| 377000 | 4.750 | 10/01/24 | 371515 |
| Kennedy-Wilson, Inc. (BB/B1) | Kennedy-Wilson, Inc. (BB/B1) | Kennedy-Wilson, Inc. (BB/B1) | Kennedy-Wilson, Inc. (BB/B1) |
| 546000 | 5.000 | 03/01/31 | 429634 |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer<sup>(a)</sup> (B+/B1) | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer<sup>(a)</sup> (B+/B1) | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer<sup>(a)</sup> (B+/B1) | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer<sup>(a)</sup> (B+/B1) |
| 374000 | 4.875 | 05/15/29 | 321640 |
| Service Properties Trust (B+/B1) | Service Properties Trust (B+/B1) | Service Properties Trust (B+/B1) | Service Properties Trust (B+/B1) |
| 337000 | 4.950 | 10/01/29 | 247274 |
| 278000 | 4.375 | 02/15/30 | 195990 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **REITs and Real Estate – (continued)** | **REITs and Real Estate – (continued)** | **REITs and Real Estate – (continued)** | **REITs and Real Estate – (continued)** |
| Starwood Property Trust, Inc. (BB-/Ba3) | Starwood Property Trust, Inc. (BB-/Ba3) | Starwood Property Trust, Inc. (BB-/Ba3) | Starwood Property Trust, Inc. (BB-/Ba3) |
| 220000 | 4.750% | 03/15/25 | $210650 |
|  |  |  | 2629994 |
| **Rental Equipment – 1.8%** | **Rental Equipment – 1.8%** | **Rental Equipment – 1.8%** | **Rental Equipment – 1.8%** |
| Avis Budget Car Rental LLC / Avis Budget Finance, Inc.<sup>(a)</sup> (BB-/B2) | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.<sup>(a)</sup> (BB-/B2) | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.<sup>(a)</sup> (BB-/B2) | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.<sup>(a)</sup> (BB-/B2) |
| 642000 | 5.375 | 03/01/29 | 568170 |
| H&E Equipment Services, Inc.<sup>(a)</sup> (BB-/B2) | H&E Equipment Services, Inc.<sup>(a)</sup> (BB-/B2) | H&E Equipment Services, Inc.<sup>(a)</sup> (BB-/B2) | H&E Equipment Services, Inc.<sup>(a)</sup> (BB-/B2) |
| 520000 | 3.875 | 12/15/28 | 450450 |
| Hertz Corp. (The)<sup>(a)</sup> (B+/Caa1) | Hertz Corp. (The)<sup>(a)</sup> (B+/Caa1) | Hertz Corp. (The)<sup>(a)</sup> (B+/Caa1) | Hertz Corp. (The)<sup>(a)</sup> (B+/Caa1) |
| 591000 | 5.000 | 12/01/29 | 463935 |
| United Rentals North America, Inc. (BB+/Ba2) | United Rentals North America, Inc. (BB+/Ba2) | United Rentals North America, Inc. (BB+/Ba2) | United Rentals North America, Inc. (BB+/Ba2) |
| 84000 | 5.500 | 05/15/27 | 82772 |
| 252000 | 4.875 | 01/15/28 | 240975 |
| 391000 | 5.250 | 01/15/30 | 368517 |
| 441000 | 3.875 | 02/15/31 | 381759 |
|  |  |  | 2556578 |
| **Software – 2.6%** | **Software – 2.6%** | **Software – 2.6%** | **Software – 2.6%** |
| Clarivate Science Holdings Corp.<sup>(a)</sup> (B/B1) | Clarivate Science Holdings Corp.<sup>(a)</sup> (B/B1) | Clarivate Science Holdings Corp.<sup>(a)</sup> (B/B1) | Clarivate Science Holdings Corp.<sup>(a)</sup> (B/B1) |
| 686000 | 3.875 | 07/01/28 | 604537 |
| Cloud Software Group Holdings, Inc.<sup>(a)</sup> (B/B2) | Cloud Software Group Holdings, Inc.<sup>(a)</sup> (B/B2) | Cloud Software Group Holdings, Inc.<sup>(a)</sup> (B/B2) | Cloud Software Group Holdings, Inc.<sup>(a)</sup> (B/B2) |
| 800000 | 6.500 | 03/31/29 | 704000 |
| Gartner, Inc.<sup>(a)</sup> (BB+/Ba1) | Gartner, Inc.<sup>(a)</sup> (BB+/Ba1) | Gartner, Inc.<sup>(a)</sup> (BB+/Ba1) | Gartner, Inc.<sup>(a)</sup> (BB+/Ba1) |
| 696000 | 4.500 | 07/01/28 | 657720 |
| MSCI, Inc. (BB+/Ba1) | MSCI, Inc. (BB+/Ba1) | MSCI, Inc. (BB+/Ba1) | MSCI, Inc. (BB+/Ba1) |
| 175000 | 3.625 <sup>(a)</sup> | 09/01/30 | 147875 |
| 557000 | 3.875 <sup>(a)</sup> | 02/15/31 | 485286 |
| 489000 | 3.250 <sup>(a)</sup> | 08/15/33 | 387533 |
| SS&C Technologies, Inc.<sup>(a)</sup> (B+/B2) | SS&C Technologies, Inc.<sup>(a)</sup> (B+/B2) | SS&C Technologies, Inc.<sup>(a)</sup> (B+/B2) | SS&C Technologies, Inc.<sup>(a)</sup> (B+/B2) |
| 635000 | 5.500 | 09/30/27 | 607851 |
|  |  |  | 3594802 |
| **Technology – 2.2%** | **Technology – 2.2%** | **Technology – 2.2%** | **Technology – 2.2%** |
| Arches Buyer, Inc. (CCC+/Caa1) | Arches Buyer, Inc. (CCC+/Caa1) | Arches Buyer, Inc. (CCC+/Caa1) | Arches Buyer, Inc. (CCC+/Caa1) |
| 160000 | 4.250 <sup>(a)</sup> | 06/01/28 | 132000 |
| 287000 | 6.125 <sup>(a)</sup> | 12/01/28 | 232470 |
| Condor Merger Sub, Inc.<sup>(a)</sup> (CCC+/Caa2) | Condor Merger Sub, Inc.<sup>(a)</sup> (CCC+/Caa2) | Condor Merger Sub, Inc.<sup>(a)</sup> (CCC+/Caa2) | Condor Merger Sub, Inc.<sup>(a)</sup> (CCC+/Caa2) |
| 542000 | 7.375 | 02/15/30 | 445795 |
| Entegris, Inc.<sup>(a)</sup> (BB/Ba2) | Entegris, Inc.<sup>(a)</sup> (BB/Ba2) | Entegris, Inc.<sup>(a)</sup> (BB/Ba2) | Entegris, Inc.<sup>(a)</sup> (BB/Ba2) |
| 440000 | 4.375 | 04/15/28 | 391600 |
| Imola Merger Corp.<sup>(a)</sup> (BB-/B1) | Imola Merger Corp.<sup>(a)</sup> (BB-/B1) | Imola Merger Corp.<sup>(a)</sup> (BB-/B1) | Imola Merger Corp.<sup>(a)</sup> (BB-/B1) |
| 733000 | 4.750 | 05/15/29 | 659700 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
| Seagate HDD Cayman (BB+/Ba2) | Seagate HDD Cayman (BB+/Ba2) | Seagate HDD Cayman (BB+/Ba2) | Seagate HDD Cayman (BB+/Ba2) |
| 332000 | 3.375% | 07/15/31 | $288607 |
| 321000 | 5.750 | 12/01/34 | 270042 |
| Uber Technologies, Inc.<sup>(a)</sup> (B-/B2) | Uber Technologies, Inc.<sup>(a)</sup> (B-/B2) | Uber Technologies, Inc.<sup>(a)</sup> (B-/B2) | Uber Technologies, Inc.<sup>(a)</sup> (B-/B2) |
| 500000 | 4.500 | 08/15/29 | 436250 |
| Verscend Escrow Corp.<sup>(a)</sup> (CCC+/Caa2) | Verscend Escrow Corp.<sup>(a)</sup> (CCC+/Caa2) | Verscend Escrow Corp.<sup>(a)</sup> (CCC+/Caa2) | Verscend Escrow Corp.<sup>(a)</sup> (CCC+/Caa2) |
| 215000 | 9.750 | 08/15/26 | 214626 |
|  |  |  | 3071090 |
| **Transportation – 1.9%** | **Transportation – 1.9%** | **Transportation – 1.9%** | **Transportation – 1.9%** |
| American Airlines, Inc.<sup>(a)</sup> (B/Ba3) | American Airlines, Inc.<sup>(a)</sup> (B/Ba3) | American Airlines, Inc.<sup>(a)</sup> (B/Ba3) | American Airlines, Inc.<sup>(a)</sup> (B/Ba3) |
| 463000 | 11.750 | 07/15/25 | 512486 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd. (NR/Ba2) | American Airlines, Inc./AAdvantage Loyalty IP Ltd. (NR/Ba2) | American Airlines, Inc./AAdvantage Loyalty IP Ltd. (NR/Ba2) | American Airlines, Inc./AAdvantage Loyalty IP Ltd. (NR/Ba2) |
| 605000 | 5.500 <sup>(a)</sup> | 04/20/26 | 588363 |
| 649000 | 5.750 <sup>(a)</sup> | 04/20/29 | 603839 |
| Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup> (B/Ba2) | Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup> (B/Ba2) | Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup> (B/Ba2) | Fortress Transportation and Infrastructure Investors LLC<sup>(a)</sup> (B/Ba2) |
| 240000 | 6.500 | 10/01/25 | 231600 |
| United Airlines, Inc. (BB-/Ba1) | United Airlines, Inc. (BB-/Ba1) | United Airlines, Inc. (BB-/Ba1) | United Airlines, Inc. (BB-/Ba1) |
| 474000 | 4.375 <sup>(a)</sup> | 04/15/26 | 438269 |
| 369000 | 4.625 <sup>(a)</sup> | 04/15/29 | 327881 |
|  |  |  | 2702438 |
| **Wireless – 0.3%** | **Wireless – 0.3%** | **Wireless – 0.3%** | **Wireless – 0.3%** |
| Ligado Networks LLC<sup>(a)(b)</sup> (PIK) (NR/Caa1) | Ligado Networks LLC<sup>(a)(b)</sup> (PIK) (NR/Caa1) | Ligado Networks LLC<sup>(a)(b)</sup> (PIK) (NR/Caa1) | Ligado Networks LLC<sup>(a)(b)</sup> (PIK) (NR/Caa1) |
| 698110 | 15.500 | 11/01/23 | 216414 |
| SBA Communications Corp. (BB/B1) | SBA Communications Corp. (BB/B1) | SBA Communications Corp. (BB/B1) | SBA Communications Corp. (BB/B1) |
| 300000 | 3.875 | 02/15/27 | 274154 |
|  |  |  | 490568 |
| **Wirelines – 3.6%** | **Wirelines – 3.6%** | **Wirelines – 3.6%** | **Wirelines – 3.6%** |
| Consolidated Communications, Inc.<sup>(a)</sup> (B-/B2) | Consolidated Communications, Inc.<sup>(a)</sup> (B-/B2) | Consolidated Communications, Inc.<sup>(a)</sup> (B-/B2) | Consolidated Communications, Inc.<sup>(a)</sup> (B-/B2) |
| 442000 | 6.500 | 10/01/28 | 365755 |
| Frontier Communications Holdings LLC (B/B3) | Frontier Communications Holdings LLC (B/B3) | Frontier Communications Holdings LLC (B/B3) | Frontier Communications Holdings LLC (B/B3) |
| 359000 | 5.875 <sup>(a)</sup> | 10/15/27 | 342172 |
| 710000 | 5.000 <sup>(a)</sup> | 05/01/28 | 633675 |
| 439000 | 6.750 <sup>(a)</sup> | 05/01/29 | 368211 |
| Level 3 Financing, Inc. (BB-/Ba3) | Level 3 Financing, Inc. (BB-/Ba3) | Level 3 Financing, Inc. (BB-/Ba3) | Level 3 Financing, Inc. (BB-/Ba3) |
| 240000 | 4.625 <sup>(a)</sup> | 09/15/27 | 202800 |
| 500000 | 3.625 <sup>(a)</sup> | 01/15/29 | 370000 |
| Lumen Technologies, Inc. (B+/B2) | Lumen Technologies, Inc. (B+/B2) | Lumen Technologies, Inc. (B+/B2) | Lumen Technologies, Inc. (B+/B2) |
| 400000 | 5.125 <sup>(a)</sup> | 12/15/26 | 344000 |
| 640000 | 4.500 <sup>(a)</sup> | 01/15/29 | 435200 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Wirelines – (continued)** | **Wirelines – (continued)** | **Wirelines – (continued)** | **Wirelines – (continued)** |
| Uniti Group LP / Uniti Fiber Holdings, Inc. / CSL Capital LLC<sup>(a)</sup> (B/B2) | Uniti Group LP / Uniti Fiber Holdings, Inc. / CSL Capital LLC<sup>(a)</sup> (B/B2) | Uniti Group LP / Uniti Fiber Holdings, Inc. / CSL Capital LLC<sup>(a)</sup> (B/B2) | Uniti Group LP / Uniti Fiber Holdings, Inc. / CSL Capital LLC<sup>(a)</sup> (B/B2) |
| 392000 | 7.875% | 02/15/25 | $393225 |
| Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC (B/B2) | Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC (B/B2) | Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC (B/B2) | Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC (B/B2) |
| 456000 | 4.750 <sup>(a)</sup> | 04/15/28 | 383040 |
| 141000 | 6.500 <sup>(a)</sup> | 02/15/29 | 103635 |
| Windstream Escrow LLC / Windstream Escrow Finance Corp.<sup>(a)</sup> (B-/B3) | Windstream Escrow LLC / Windstream Escrow Finance Corp.<sup>(a)</sup> (B-/B3) | Windstream Escrow LLC / Windstream Escrow Finance Corp.<sup>(a)</sup> (B-/B3) | Windstream Escrow LLC / Windstream Escrow Finance Corp.<sup>(a)</sup> (B-/B3) |
| 752000 | 7.750 | 08/15/28 | 661760 |
| Zayo Group Holdings, Inc. (B-/B2) | Zayo Group Holdings, Inc. (B-/B2) | Zayo Group Holdings, Inc. (B-/B2) | Zayo Group Holdings, Inc. (B-/B2) |
| 596000 | 4.000 <sup>(a)</sup> | 03/01/27 | 429865 |
| 73000 | 6.125 <sup>(a)</sup> | 03/01/28 | 39785 |
|  |  |  | 5073123 |
| **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $139,877,881)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $139,877,881)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $139,877,881)** | $126389448 |
| **Foreign Corporate Debt – 6.3%** | **Foreign Corporate Debt – 6.3%** | **Foreign Corporate Debt – 6.3%** | **Foreign Corporate Debt – 6.3%** |
| **Aerospace & Defense – 0.8%** | **Aerospace & Defense – 0.8%** | **Aerospace & Defense – 0.8%** | **Aerospace & Defense – 0.8%** |
| Bombardier, Inc. (Canada) (B-/B3) | Bombardier, Inc. (Canada) (B-/B3) | Bombardier, Inc. (Canada) (B-/B3) | Bombardier, Inc. (Canada) (B-/B3) |
| 272000 | 7.500 <sup>%(a)</sup> | 03/15/25 | $273020 |
| 547000 | 7.125 <sup>(a)</sup> | 06/15/26 | 538795 |
| 353000 | 7.875 <sup>(a)</sup> | 04/15/27 | 346822 |
|  |  |  | 1158637 |
| **Basic Industry – 0.6%** | **Basic Industry – 0.6%** | **Basic Industry – 0.6%** | **Basic Industry – 0.6%** |
| Methanex Corp. (Canada) (BB/Ba1) | Methanex Corp. (Canada) (BB/Ba1) | Methanex Corp. (Canada) (BB/Ba1) | Methanex Corp. (Canada) (BB/Ba1) |
| 395000 | 5.250 | 12/15/29 | 349087 |
| NOVA Chemicals Corp. (Canada) (BB/Ba3) | NOVA Chemicals Corp. (Canada) (BB/Ba3) | NOVA Chemicals Corp. (Canada) (BB/Ba3) | NOVA Chemicals Corp. (Canada) (BB/Ba3) |
| 255000 | 5.000 <sup>(a)</sup> | 05/01/25 | 243206 |
| 327000 | 5.250 <sup>(a)</sup> | 06/01/27 | 293483 |
|  |  |  | 885776 |
| **Capital Goods – 0.7%** | **Capital Goods – 0.7%** | **Capital Goods – 0.7%** | **Capital Goods – 0.7%** |
| ARD Finance SA<sup>(a)(b)</sup> (Luxembourg) (PIK 7.250%, Cash 6.500%) (B-/Caa3) | ARD Finance SA<sup>(a)(b)</sup> (Luxembourg) (PIK 7.250%, Cash 6.500%) (B-/Caa3) | ARD Finance SA<sup>(a)(b)</sup> (Luxembourg) (PIK 7.250%, Cash 6.500%) (B-/Caa3) | ARD Finance SA<sup>(a)(b)</sup> (Luxembourg) (PIK 7.250%, Cash 6.500%) (B-/Caa3) |
| 600000 | 6.500 | 06/30/27 | 445224 |
| GFL Environmental, Inc. (Canada) (B-/B3) | GFL Environmental, Inc. (Canada) (B-/B3) | GFL Environmental, Inc. (Canada) (B-/B3) | GFL Environmental, Inc. (Canada) (B-/B3) |
| 285000 | 4.250 <sup>(a)</sup> | 06/01/25 | 272531 |
| 340000 | 4.750 <sup>(a)</sup> | 06/15/29 | 299200 |
|  |  |  | 1016955 |
| **Consumer Cyclical – 1.1%** | **Consumer Cyclical – 1.1%** | **Consumer Cyclical – 1.1%** | **Consumer Cyclical – 1.1%** |
| 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) | 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) | 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) | 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) |
| 262000 | 3.875 <sup>(a)</sup> | 01/15/28 | 237765 |
| 162000 | 4.375 <sup>(a)</sup> | 01/15/28 | 148230 |
| 117000 | 3.500 <sup>(a)</sup> | 02/15/29 | 100181 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) – (continued) | 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) – (continued) | 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) – (continued) | 1011778 BC ULC / New Red Finance, Inc. (Canada) (B+/B2) – (continued) |
| 508000 | 4.000 %<sup>(a)</sup> | 10/15/30 | $426720 |
| Brookfield Residential Properties, Inc. / Brookfield Residential US LLC<sup>(a)</sup> (Canada) (B+/B2) | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC<sup>(a)</sup> (Canada) (B+/B2) | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC<sup>(a)</sup> (Canada) (B+/B2) | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC<sup>(a)</sup> (Canada) (B+/B2) |
| 170000 | 4.875 | 02/15/30 | 134087 |
| Garda World Security Corp. (Canada) (B/B2) | Garda World Security Corp. (Canada) (B/B2) | Garda World Security Corp. (Canada) (B/B2) | Garda World Security Corp. (Canada) (B/B2) |
| 167000 | 4.625 <sup>(a)</sup> | 02/15/27 | 150300 |
| 135000 | 9.500 <sup>(a)</sup> | 11/01/27 | 125213 |
| Mattamy Group Corp. (Canada) (BB/Ba3) | Mattamy Group Corp. (Canada) (BB/Ba3) | Mattamy Group Corp. (Canada) (BB/Ba3) | Mattamy Group Corp. (Canada) (BB/Ba3) |
| 206000 | 5.250 <sup>(a)</sup> | 12/15/27 | 185482 |
| 60000 | 4.625 <sup>(a)</sup> | 03/01/30 | 49350 |
|  |  |  | 1557328 |
| **Energy – 0.2%** | **Energy – 0.2%** | **Energy – 0.2%** | **Energy – 0.2%** |
| MEG Energy Corp.<sup>(a)</sup> (Canada) (BB-/B2) | MEG Energy Corp.<sup>(a)</sup> (Canada) (BB-/B2) | MEG Energy Corp.<sup>(a)</sup> (Canada) (BB-/B2) | MEG Energy Corp.<sup>(a)</sup> (Canada) (BB-/B2) |
| 200000 | 7.125 | 02/01/27 | 203500 |
| **Food – 0.3%** | **Food – 0.3%** | **Food – 0.3%** | **Food – 0.3%** |
| NBM US Holdings, Inc.<sup>(a)</sup> (Brazil) (BB+/NR) | NBM US Holdings, Inc.<sup>(a)</sup> (Brazil) (BB+/NR) | NBM US Holdings, Inc.<sup>(a)</sup> (Brazil) (BB+/NR) | NBM US Holdings, Inc.<sup>(a)</sup> (Brazil) (BB+/NR) |
| 400000 | 7.000 | 05/14/26 | 399500 |
| **Mining – 1.1%** | **Mining – 1.1%** | **Mining – 1.1%** | **Mining – 1.1%** |
| First Quantum Minerals Ltd. (Zambia) (B+/NR) | First Quantum Minerals Ltd. (Zambia) (B+/NR) | First Quantum Minerals Ltd. (Zambia) (B+/NR) | First Quantum Minerals Ltd. (Zambia) (B+/NR) |
| 351000 | 6.500 <sup>(a)</sup> | 03/01/24 | 345398 |
| 376000 | 7.500 <sup>(a)</sup> | 04/01/25 | 370554 |
| 410000 | 6.875 <sup>(a)</sup> | 03/01/26 | 393880 |
| Hudbay Minerals, Inc.<sup>(a)</sup> (Canada) (B/B2) | Hudbay Minerals, Inc.<sup>(a)</sup> (Canada) (B/B2) | Hudbay Minerals, Inc.<sup>(a)</sup> (Canada) (B/B2) | Hudbay Minerals, Inc.<sup>(a)</sup> (Canada) (B/B2) |
| 377000 | 4.500 | 04/01/26 | 347782 |
|  |  |  | 1457614 |
| **Natural Gas – 0.2%** | **Natural Gas – 0.2%** | **Natural Gas – 0.2%** | **Natural Gas – 0.2%** |
| Parkland Corp.<sup>(a)</sup> (Canada) (BB/Ba3) | Parkland Corp.<sup>(a)</sup> (Canada) (BB/Ba3) | Parkland Corp.<sup>(a)</sup> (Canada) (BB/Ba3) | Parkland Corp.<sup>(a)</sup> (Canada) (BB/Ba3) |
| 366000 | 4.625 | 05/01/30 | 305610 |
| **Pharmaceuticals – 0.4%** | **Pharmaceuticals – 0.4%** | **Pharmaceuticals – 0.4%** | **Pharmaceuticals – 0.4%** |
| 1375209 BC Ltd.<sup>(a)</sup> (Canada) (NR/NR) | 1375209 BC Ltd.<sup>(a)</sup> (Canada) (NR/NR) | 1375209 BC Ltd.<sup>(a)</sup> (Canada) (NR/NR) | 1375209 BC Ltd.<sup>(a)</sup> (Canada) (NR/NR) |
| 539000 | 9.000 | 01/30/28 | 532263 |
| **Software – 0.2%** | **Software – 0.2%** | **Software – 0.2%** | **Software – 0.2%** |
| Open Text Holdings, Inc.<sup>(a)</sup> (Canada) (BB-/Ba3) | Open Text Holdings, Inc.<sup>(a)</sup> (Canada) (BB-/Ba3) | Open Text Holdings, Inc.<sup>(a)</sup> (Canada) (BB-/Ba3) | Open Text Holdings, Inc.<sup>(a)</sup> (Canada) (BB-/Ba3) |
| 364000 | 4.125 | 12/01/31 | 288925 |

---

------

GOLDMAN SACHS ACCESS HIGH YIELD CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br>Amount** | **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
|  **Wireless – 0.7%** | **Wireless – 0.7%** | **Wireless – 0.7%** | **Wireless – 0.7%** | **Wireless – 0.7%** |
|  Intelsat Jackson Holdings SA<sup>(a)</sup> (Luxembourg) (B+/B3) | Intelsat Jackson Holdings SA<sup>(a)</sup> (Luxembourg) (B+/B3) | Intelsat Jackson Holdings SA<sup>(a)</sup> (Luxembourg) (B+/B3) | Intelsat Jackson Holdings SA<sup>(a)</sup> (Luxembourg) (B+/B3) | Intelsat Jackson Holdings SA<sup>(a)</sup> (Luxembourg) (B+/B3) |
|  $ | 1120000 | 6.500% | 03/15/30 | $1036000 |
| **TOTAL FOREIGN CORPORATE DEBT**<br> **(Cost $9,864,735)** | **TOTAL FOREIGN CORPORATE DEBT**<br> **(Cost $9,864,735)** | **TOTAL FOREIGN CORPORATE DEBT**<br> **(Cost $9,864,735)** | **TOTAL FOREIGN CORPORATE DEBT**<br> **(Cost $9,864,735)** | $8842108 |
| **Shares** | **Shares** | **Dividend**<br> **Rate** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 1.7%<sup>(d)</sup>** | **Investment Company – 1.7%<sup>(d)</sup>** | **Investment Company – 1.7%<sup>(d)</sup>** | **Investment Company – 1.7%<sup>(d)</sup>** | **Investment Company – 1.7%<sup>(d)</sup>** |
|  Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares |
|  | 2389120 | 3.727% | 3.727% | $2389120 |
| **(Cost $2,389,120)** | **(Cost $2,389,120)** | **(Cost $2,389,120)** | **(Cost $2,389,120)** | **(Cost $2,389,120)** |
| **TOTAL INVESTMENTS – 98.0%**<br> **(Cost $152,131,736)** | **TOTAL INVESTMENTS – 98.0%**<br> **(Cost $152,131,736)** | **TOTAL INVESTMENTS – 98.0%**<br> **(Cost $152,131,736)** | **TOTAL INVESTMENTS – 98.0%**<br> **(Cost $152,131,736)** | $137620676 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 2.0%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 2.0%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 2.0%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 2.0%** | 2795284 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $140415960 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (b) | Pay-in-kind securities. |
| (c) | Issued with a zero coupon. Income is recognized through the accretion of discount. |
| (d) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| GMTN | — Global Medium Term Note |
| LP | — Limited Partnership |
| MTN | — Medium Term Note |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |

---

------

GOLDMAN SACHS ACCESS INFLATION PROTECTED USD BOND ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br>Amount** | **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Inflation Indexed Bonds – 99.5%** | **U.S. Treasury Inflation Indexed Bonds – 99.5%** | **U.S. Treasury Inflation Indexed Bonds – 99.5%** | **U.S. Treasury Inflation Indexed Bonds – 99.5%** | **U.S. Treasury Inflation Indexed Bonds – 99.5%** |
|  U.S. Treasury Inflation Indexed Bonds | U.S. Treasury Inflation Indexed Bonds | U.S. Treasury Inflation Indexed Bonds | U.S. Treasury Inflation Indexed Bonds | U.S. Treasury Inflation Indexed Bonds |
|  $ | 6697343 | 0.625% | 01/15/24 | $6567990 |
|  | 1166248 | 0.500 | 04/15/24 | 1137400 |
|  | 9967420 | 0.125 | 10/15/24 | 9643935 |
|  | 8295721 | 0.250 | 01/15/25 | 8010027 |
|  | 9778751 | 0.375 | 07/15/25 | 9450557 |
|  | 11157601 | 0.125 | 10/15/25 | 10701693 |
|  | 10842448 | 0.625 | 01/15/26 | 10504992 |
|  | 7164832 | 0.375 | 07/15/27 | 6847092 |
|  | 12973765 | 0.500 | 01/15/28 | 12376978 |
|  | 7229316 | 0.750 | 07/15/28 | 6987678 |
|  | 3365396 | 3.875 | 04/15/29 | 3842475 |
|  | 5802860 | 0.250 | 07/15/29 | 5391964 |
|  | 9872680 | 0.125 | 01/15/30 | 9018346 |
|  | 5182754 | 0.125 | 07/15/30 | 4727319 |
|  | 4744144 | 0.125 | 07/15/31 | 4288554 |
|  | 5092392 | 0.125 | 01/15/32 | 4569436 |
|  | 8045696 | 2.125 | 02/15/40 | 8744861 |
|  | 5184542 | 0.750 | 02/15/42 | 4459984 |
|  | 4281363 | 0.875 | 02/15/47 | 3652965 |
|  | 3461611 | 1.000 | 02/15/48 | 3022518 |
|  | 1121724 | 1.000 | 02/15/49 | 982302 |
|  | 4084515 | 0.250 | 02/15/50 | 2915880 |
| **TOTAL U.S. TREASURY INFLATION INDEXED BONDS<br>(Cost $159,001,505)** | **TOTAL U.S. TREASURY INFLATION INDEXED BONDS<br>(Cost $159,001,505)** | **TOTAL U.S. TREASURY INFLATION INDEXED BONDS<br>(Cost $159,001,505)** | **TOTAL U.S. TREASURY INFLATION INDEXED BONDS<br>(Cost $159,001,505)** | $137844946 |

---

------

GOLDMAN SACHS ACCESS INFLATION PROTECTED USD BOND ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend<br>Rate** | **Value** |
| **Investment Company – 0.3%<sup>(a)</sup>** | **Investment Company – 0.3%<sup>(a)</sup>** | **Investment Company – 0.3%<sup>(a)</sup>** |
|  Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares |
| 478331 | 3.727% | $478331 |
| **(Cost $478,331)** | **(Cost $478,331)** | **(Cost $478,331)** |
| **TOTAL INVESTMENTS – 99.8%<br>(Cost $159,479,836)** | **TOTAL INVESTMENTS – 99.8%<br>(Cost $159,479,836)** | $138323277 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.2%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.2%** | 281940 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $138605217 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Represents an affiliated issuer. |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – 86.9%** | **Corporate Obligations – 86.9%** | **Corporate Obligations – 86.9%** | **Corporate Obligations – 86.9%** |
| **Aerospace & Defense – 2.4%** | **Aerospace & Defense – 2.4%** | **Aerospace & Defense – 2.4%** | **Aerospace & Defense – 2.4%** |
| Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
| 50000 | 5.040% | 05/01/27 | $49605 |
| General Dynamics Corp. | General Dynamics Corp. | General Dynamics Corp. | General Dynamics Corp. |
| 23000 | 3.500 | 05/15/25 | 22482 |
| 23000 | 1.150 | 06/01/26 | 20479 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. |
| 23000 | 3.850 | 12/15/26 | 22126 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| 11000 | 3.200 | 02/01/27 | 10366 |
| Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
| 23000 | 3.500 | 03/15/27 | 22032 |
| Textron, Inc. | Textron, Inc. | Textron, Inc. | Textron, Inc. |
| 18000 | 3.650 | 03/15/27 | 16859 |
|  |  |  | 163949 |
| **Banks – 26.1%** | **Banks – 26.1%** | **Banks – 26.1%** | **Banks – 26.1%** |
| American Express Co. | American Express Co. | American Express Co. | American Express Co. |
| 42000 | 3.125 | 05/20/26 | 39852 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| (SOFR + 0.960%) | (SOFR + 0.960%) | (SOFR + 0.960%) | (SOFR + 0.960%) |
| 47000 | 1.734 <sup>(a)</sup> | 07/22/27 | 41248 |
| (SOFR + 1.050%) | (SOFR + 1.050%) | (SOFR + 1.050%) | (SOFR + 1.050%) |
| 75000 | 2.551 <sup>(a)</sup> | 02/04/28 | 67289 |
| (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) |
| 47000 | 4.376 <sup>(a)</sup> | 04/27/28 | 44832 |
| Bank of America Corp., MTN | Bank of America Corp., MTN | Bank of America Corp., MTN | Bank of America Corp., MTN |
| 39000 | 4.200 | 08/26/24 | 38386 |
| 30000 | 4.000 | 01/22/25 | 29218 |
| (SOFR + 1.010%) | (SOFR + 1.010%) | (SOFR + 1.010%) | (SOFR + 1.010%) |
| 30000 | 1.197 <sup>(a)</sup> | 10/24/26 | 26655 |
| (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) |
| 36000 | 3.559 <sup>(a)</sup> | 04/23/27 | 33950 |
| Bank of America Corp.<sup>(a)</sup>, Series N | Bank of America Corp.<sup>(a)</sup>, Series N | Bank of America Corp.<sup>(a)</sup>, Series N | Bank of America Corp.<sup>(a)</sup>, Series N |
| (SOFR + 0.910%) | (SOFR + 0.910%) | (SOFR + 0.910%) | (SOFR + 0.910%) |
| 24000 | 1.658 | 03/11/27 | 21254 |
| Bank of New York Mellon Corp. (The)<sup>(a)</sup>, MTN | Bank of New York Mellon Corp. (The)<sup>(a)</sup>, MTN | Bank of New York Mellon Corp. (The)<sup>(a)</sup>, MTN | Bank of New York Mellon Corp. (The)<sup>(a)</sup>, MTN |
| (3M USD LIBOR + 1.069%) | (3M USD LIBOR + 1.069%) | (3M USD LIBOR + 1.069%) | (3M USD LIBOR + 1.069%) |
| 50000 | 3.442 | 02/07/28 | 47104 |
| Charles Schwab Corp. (The) | Charles Schwab Corp. (The) | Charles Schwab Corp. (The) | Charles Schwab Corp. (The) |
| 18000 | 3.000 | 03/10/25 | 17348 |
| 14000 | 3.850 | 05/21/25 | 13772 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| (SOFR + 0.686%) | (SOFR + 0.686%) | (SOFR + 0.686%) | (SOFR + 0.686%) |
| 50000 | 0.776 %<sup>(a)</sup> | 10/30/24 | $47584 |
| (3M USD LIBOR + 0.897%) | (3M USD LIBOR + 0.897%) | (3M USD LIBOR + 0.897%) | (3M USD LIBOR + 0.897%) |
| 50000 | 3.352 <sup>(a)</sup> | 04/24/25 | 48284 |
| (SOFR + 1.372%) | (SOFR + 1.372%) | (SOFR + 1.372%) | (SOFR + 1.372%) |
| 50000 | 4.140 <sup>(a)</sup> | 05/24/25 | 49117 |
| 50000 | 4.450 | 09/29/27 | 48224 |
| Comerica, Inc. | Comerica, Inc. | Comerica, Inc. | Comerica, Inc. |
| 19000 | 3.800 | 07/22/26 | 18282 |
| Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp |
| 23000 | 3.650 | 01/25/24 | 22654 |
| Huntington Bancshares, Inc. | Huntington Bancshares, Inc. | Huntington Bancshares, Inc. | Huntington Bancshares, Inc. |
| 26000 | 4.000 | 05/15/25 | 25260 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| 50000 | 3.875 | 09/10/24 | 49074 |
| (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) |
| 41000 | 2.005 <sup>(a)</sup> | 03/13/26 | 38131 |
| (SOFR + 1.850%) | (SOFR + 1.850%) | (SOFR + 1.850%) | (SOFR + 1.850%) |
| 30000 | 2.083 <sup>(a)</sup> | 04/22/26 | 27891 |
| 39000 | 3.200 | 06/15/26 | 37136 |
| 44000 | 2.950 | 10/01/26 | 41849 |
| (SOFR + 0.800%) | (SOFR + 0.800%) | (SOFR + 0.800%) | (SOFR + 0.800%) |
| 25000 | 1.045 <sup>(a)</sup> | 11/19/26 | 22074 |
| (SOFR + 0.885%) | (SOFR + 0.885%) | (SOFR + 0.885%) | (SOFR + 0.885%) |
| 37000 | 1.578 <sup>(a)</sup> | 04/22/27 | 32483 |
| (SOFR + 1.560%) | (SOFR + 1.560%) | (SOFR + 1.560%) | (SOFR + 1.560%) |
| 70000 | 4.323 <sup>(a)</sup> | 04/26/28 | 66618 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | Morgan Stanley |
| (SOFR + 1.990%) | (SOFR + 1.990%) | (SOFR + 1.990%) | (SOFR + 1.990%) |
| 29000 | 2.188 <sup>(a)</sup> | 04/28/26 | 26996 |
| (SOFR + 0.879%) | (SOFR + 0.879%) | (SOFR + 0.879%) | (SOFR + 0.879%) |
| 28000 | 1.593 <sup>(a)</sup> | 05/04/27 | 24665 |
| (SOFR + 1.610%) | (SOFR + 1.610%) | (SOFR + 1.610%) | (SOFR + 1.610%) |
| 50000 | 4.210 <sup>(a)</sup> | 04/20/28 | 47595 |
| (3M USD LIBOR + 1.340%) | (3M USD LIBOR + 1.340%) | (3M USD LIBOR + 1.340%) | (3M USD LIBOR + 1.340%) |
| 50000 | 3.591 <sup>(a)</sup> | 07/22/28 | 45744 |
| Morgan Stanley, GMTN | Morgan Stanley, GMTN | Morgan Stanley, GMTN | Morgan Stanley, GMTN |
| 50000 | 3.875 | 01/27/26 | 48548 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Morgan Stanley, GMTN – (continued) | Morgan Stanley, GMTN – (continued) | Morgan Stanley, GMTN – (continued) | Morgan Stanley, GMTN – (continued) |
| 40000 | 4.350% | 09/08/26 | $39077 |
| (SOFR + 0.858%) | (SOFR + 0.858%) | (SOFR + 0.858%) | (SOFR + 0.858%) |
| 30000 | 1.512 <sup>(a)</sup> | 07/20/27 | 26187 |
| Morgan Stanley, MTN | Morgan Stanley, MTN | Morgan Stanley, MTN | Morgan Stanley, MTN |
| 45000 | 3.125 | 07/27/26 | 42135 |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) |
| 35000 | 3.500 | 01/23/24 | 34457 |
| 55000 | 3.900 | 04/29/24 | 54162 |
| Santander Holdings USA, Inc. | Santander Holdings USA, Inc. | Santander Holdings USA, Inc. | Santander Holdings USA, Inc. |
| 18000 | 3.450 | 06/02/25 | 17160 |
| State Street Corp.<sup>(a)</sup> | State Street Corp.<sup>(a)</sup> | State Street Corp.<sup>(a)</sup> | State Street Corp.<sup>(a)</sup> |
| (SOFR + 2.600%) | (SOFR + 2.600%) | (SOFR + 2.600%) | (SOFR + 2.600%) |
| 18000 | 2.901 | 03/30/26 | 17154 |
| Synchrony Financial | Synchrony Financial | Synchrony Financial | Synchrony Financial |
| 45000 | 4.250 | 08/15/24 | 43974 |
| Truist Financial Corp., MTN | Truist Financial Corp., MTN | Truist Financial Corp., MTN | Truist Financial Corp., MTN |
| 44000 | 2.850 | 10/26/24 | 42300 |
| US Bancorp<sup>(a)</sup>, MTN | US Bancorp<sup>(a)</sup>, MTN | US Bancorp<sup>(a)</sup>, MTN | US Bancorp<sup>(a)</sup>, MTN |
| (SOFR + 0.730%) | (SOFR + 0.730%) | (SOFR + 0.730%) | (SOFR + 0.730%) |
| 14000 | 2.215 | 01/27/28 | 12556 |
| US Bancorp, Series X | US Bancorp, Series X | US Bancorp, Series X | US Bancorp, Series X |
| 30000 | 3.150 | 04/27/27 | 28416 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| 50000 | 4.480 | 01/16/24 | 49735 |
| 8000 | 3.000 | 04/22/26 | 7539 |
| (SOFR + 2.000%) | (SOFR + 2.000%) | (SOFR + 2.000%) | (SOFR + 2.000%) |
| 38000 | 2.188 <sup>(a)</sup> | 04/30/26 | 35426 |
| 33000 | 3.000 | 10/23/26 | 30825 |
| Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN |
| (3M USD LIBOR + 0.750%) | (3M USD LIBOR + 0.750%) | (3M USD LIBOR + 0.750%) | (3M USD LIBOR + 0.750%) |
| 75000 | 2.164 <sup>(a)</sup> | 02/11/26 | 69985 |
| (3M USD LIBOR + 1.170%) | (3M USD LIBOR + 1.170%) | (3M USD LIBOR + 1.170%) | (3M USD LIBOR + 1.170%) |
| 15000 | 3.196 <sup>(a)</sup> | 06/17/27 | 13986 |
| (SOFR + 1.510%) | (SOFR + 1.510%) | (SOFR + 1.510%) | (SOFR + 1.510%) |
| 23000 | 3.526 <sup>(a)</sup> | 03/24/28 | 21313 |
| (SOFR + 1.980%) | (SOFR + 1.980%) | (SOFR + 1.980%) | (SOFR + 1.980%) |
| 23000 | 4.808 <sup>(a)</sup> | 07/25/28 | 22370 |
|  |  |  | 1797874 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Basic Industry – 0.5%** | **Basic Industry – 0.5%** | **Basic Industry – 0.5%** | **Basic Industry – 0.5%** |
| Linde, Inc. | Linde, Inc. | Linde, Inc. | Linde, Inc. |
| 35000 | 3.200% | 01/30/26 | $33774 |
| **Broadcasting – 0.5%** | **Broadcasting – 0.5%** | **Broadcasting – 0.5%** | **Broadcasting – 0.5%** |
| Fox Corp. | Fox Corp. | Fox Corp. | Fox Corp. |
| 35000 | 4.030 | 01/25/24 | 34478 |
| **Brokerage – 0.8%** | **Brokerage – 0.8%** | **Brokerage – 0.8%** | **Brokerage – 0.8%** |
| Ameriprise Financial, Inc. | Ameriprise Financial, Inc. | Ameriprise Financial, Inc. | Ameriprise Financial, Inc. |
| 19000 | 4.000 | 10/15/23 | 18854 |
| BlackRock, Inc. | BlackRock, Inc. | BlackRock, Inc. | BlackRock, Inc. |
| 19000 | 3.500 | 03/18/24 | 18662 |
| Invesco Finance PLC | Invesco Finance PLC | Invesco Finance PLC | Invesco Finance PLC |
| 18000 | 3.750 | 01/15/26 | 17394 |
|  |  |  | 54910 |
| **Building Materials – 0.6%** | **Building Materials – 0.6%** | **Building Materials – 0.6%** | **Building Materials – 0.6%** |
| Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. | Fortune Brands Home & Security, Inc. |
| 23000 | 4.000 | 09/21/23 | 22821 |
| Owens Corning | Owens Corning | Owens Corning | Owens Corning |
| 23000 | 4.200 | 12/01/24 | 22493 |
|  |  |  | 45314 |
| **Capital Goods – 4.9%** | **Capital Goods – 4.9%** | **Capital Goods – 4.9%** | **Capital Goods – 4.9%** |
| Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. |
| 17000 | 2.242 | 02/15/25 | 16033 |
| Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. | Caterpillar Financial Services Corp. |
| 24000 | 0.900 | 03/02/26 | 21486 |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| 23000 | 3.650 | 10/12/23 | 22834 |
| John Deere Capital Corp., MTN | John Deere Capital Corp., MTN | John Deere Capital Corp., MTN | John Deere Capital Corp., MTN |
| 24000 | 2.350 | 03/08/27 | 21977 |
| Johnson Controls International PLC | Johnson Controls International PLC | Johnson Controls International PLC | Johnson Controls International PLC |
| 35000 | 3.900 | 02/14/26 | 34256 |
| Republic Services, Inc. | Republic Services, Inc. | Republic Services, Inc. | Republic Services, Inc. |
| 9000 | 2.500 | 08/15/24 | 8628 |
| 13000 | 2.900 | 07/01/26 | 12206 |
| Roper Technologies, Inc. | Roper Technologies, Inc. | Roper Technologies, Inc. | Roper Technologies, Inc. |
| 23000 | 3.650 | 09/15/23 | 22746 |
| 23000 | 1.000 | 09/15/25 | 20739 |
| 23000 | 3.850 | 12/15/25 | 22354 |
| Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. | Sonoco Products Co. |
| 23000 | 2.250 | 02/01/27 | 20660 |
| Waste Management, Inc. | Waste Management, Inc. | Waste Management, Inc. | Waste Management, Inc. |
| 75000 | 0.750 | 11/15/25 | 67483 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** |
| Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. |
| 23000 | 4.400% | 03/15/24 | $22529 |
| 23000 | 3.200 | 06/15/25 | 21583 |
|  |  |  | 335514 |
| **Communications – 4.0%** | **Communications – 4.0%** | **Communications – 4.0%** | **Communications – 4.0%** |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital |
| 24000 | 4.908 | 07/23/25 | 23647 |
| Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD |
| 36000 | 4.500 | 02/01/24 | 35561 |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 42000 | 3.150 | 03/01/26 | 40139 |
| 19000 | 3.300 | 02/01/27 | 18011 |
| Netflix, Inc. | Netflix, Inc. | Netflix, Inc. | Netflix, Inc. |
| 23000 | 5.750 | 03/01/24 | 23115 |
| 23000 | 5.875 | 02/15/25 | 23287 |
| 23000 | 4.375 | 11/15/26 | 22368 |
| Paramount Global | Paramount Global | Paramount Global | Paramount Global |
| 11000 | 4.750 | 05/15/25 | 10855 |
| TWDC Enterprises 18 Corp., MTN | TWDC Enterprises 18 Corp., MTN | TWDC Enterprises 18 Corp., MTN | TWDC Enterprises 18 Corp., MTN |
| 11000 | 1.850 | 07/30/26 | 10018 |
| Walt Disney Co. (The) | Walt Disney Co. (The) | Walt Disney Co. (The) | Walt Disney Co. (The) |
| 40000 | 1.750 | 08/30/24 | 38035 |
| 35000 | 3.350 | 03/24/25 | 34104 |
|  |  |  | 279140 |
| **Consumer Cyclical – 5.7%** | **Consumer Cyclical – 5.7%** | **Consumer Cyclical – 5.7%** | **Consumer Cyclical – 5.7%** |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| 49000 | 1.000 | 05/12/26 | 43769 |
| American Honda Finance Corp., MTN | American Honda Finance Corp., MTN | American Honda Finance Corp., MTN | American Honda Finance Corp., MTN |
| 18000 | 1.200 | 07/08/25 | 16425 |
| 18000 | 1.300 | 09/09/26 | 15992 |
| AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. | AutoNation, Inc. |
| 26000 | 3.500 | 11/15/24 | 24888 |
| Booking Holdings, Inc. | Booking Holdings, Inc. | Booking Holdings, Inc. | Booking Holdings, Inc. |
| 19000 | 3.600 | 06/01/26 | 18305 |
| DR Horton, Inc. | DR Horton, Inc. | DR Horton, Inc. | DR Horton, Inc. |
| 18000 | 2.500 | 10/15/24 | 17072 |
| 14000 | 1.300 | 10/15/26 | 12087 |
| Hyatt Hotels Corp. | Hyatt Hotels Corp. | Hyatt Hotels Corp. | Hyatt Hotels Corp. |
| 14000 | 5.625 | 04/23/25 | 13935 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. |
| 23000 | 3.200% | 08/08/24 | $21975 |
| 14000 | 3.500 | 08/18/26 | 12704 |
| Lennar Corp. | Lennar Corp. | Lennar Corp. | Lennar Corp. |
| 17000 | 4.750 | 05/30/25 | 16639 |
| Marriott International, Inc., Series EE | Marriott International, Inc., Series EE | Marriott International, Inc., Series EE | Marriott International, Inc., Series EE |
| 11000 | 5.750 | 05/01/25 | 11184 |
| Marriott International, Inc., Series Z | Marriott International, Inc., Series Z | Marriott International, Inc., Series Z | Marriott International, Inc., Series Z |
| 33000 | 4.150 | 12/01/23 | 32663 |
| Ross Stores, Inc. | Ross Stores, Inc. | Ross Stores, Inc. | Ross Stores, Inc. |
| 18000 | 4.600 | 04/15/25 | 17883 |
| Starbucks Corp. | Starbucks Corp. | Starbucks Corp. | Starbucks Corp. |
| 23000 | 2.000 | 03/12/27 | 20757 |
| Toll Brothers Finance Corp. | Toll Brothers Finance Corp. | Toll Brothers Finance Corp. | Toll Brothers Finance Corp. |
| 23000 | 4.875 | 11/15/25 | 22195 |
| Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN |
| 23000 | 0.800 | 01/09/26 | 20582 |
| Visa, Inc. | Visa, Inc. | Visa, Inc. | Visa, Inc. |
| 23000 | 1.900 | 04/15/27 | 20900 |
| Walmart, Inc. | Walmart, Inc. | Walmart, Inc. | Walmart, Inc. |
| 35000 | 1.050 | 09/17/26 | 31042 |
|  |  |  | 390997 |
| **Consumer Noncyclical – 5.1%** | **Consumer Noncyclical – 5.1%** | **Consumer Noncyclical – 5.1%** | **Consumer Noncyclical – 5.1%** |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 36000 | 2.600 | 11/21/24 | 34479 |
| 45000 | 3.600 | 05/14/25 | 43788 |
| Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
| 33000 | 4.000 | 01/31/24 | 32487 |
| 35000 | 3.800 | 02/14/24 | 34446 |
| Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. | Becton Dickinson and Co. |
| 26000 | 3.734 | 12/15/24 | 25386 |
| Equifax, Inc. | Equifax, Inc. | Equifax, Inc. | Equifax, Inc. |
| 28000 | 2.600 | 12/01/24 | 26634 |
| Laboratory Corp of America Holdings | Laboratory Corp of America Holdings | Laboratory Corp of America Holdings | Laboratory Corp of America Holdings |
| 35000 | 3.600 | 02/01/25 | 33915 |
| Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. |
| 23000 | 0.750 | 02/24/26 | 20644 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| 32000 | 2.875 | 05/01/24 | 31033 |
| Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. |
| 18000 | 3.950 | 06/15/26 | 16877 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. |
| 55000 | 3.800% | 11/18/24 | $54027 |
|  |  |  | 353716 |
| **Consumer Products – 0.7%** | **Consumer Products – 0.7%** | **Consumer Products – 0.7%** | **Consumer Products – 0.7%** |
| Hasbro, Inc. | Hasbro, Inc. | Hasbro, Inc. | Hasbro, Inc. |
| 18000 | 3.550 | 11/19/26 | 16937 |
| Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. | Newell Brands, Inc. |
| 23000 | 4.875 | 06/01/25 | 22336 |
| Procter & Gamble Co. (The) | Procter & Gamble Co. (The) | Procter & Gamble Co. (The) | Procter & Gamble Co. (The) |
| 11000 | 1.900 | 02/01/27 | 10058 |
|  |  |  | 49331 |
| **Electric – 4.0%** | **Electric – 4.0%** | **Electric – 4.0%** | **Electric – 4.0%** |
| AEP Transmission Co. LLC | AEP Transmission Co. LLC | AEP Transmission Co. LLC | AEP Transmission Co. LLC |
| 24000 | 3.100 | 12/01/26 | 22562 |
| AES Corp. (The) | AES Corp. (The) | AES Corp. (The) | AES Corp. (The) |
| 24000 | 1.375 | 01/15/26 | 21291 |
| CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. |
| 24000 | 1.450 | 06/01/26 | 21388 |
| CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. |
| 24000 | 3.000 | 05/15/26 | 22452 |
| Dominion Energy, Inc., Series A | Dominion Energy, Inc., Series A | Dominion Energy, Inc., Series A | Dominion Energy, Inc., Series A |
| 24000 | 1.450 | 04/15/26 | 21552 |
| DTE Energy Co., Series F | DTE Energy Co., Series F | DTE Energy Co., Series F | DTE Energy Co., Series F |
| 35000 | 1.050 | 06/01/25 | 31745 |
| Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. |
| 23000 | 2.650 | 09/01/26 | 21429 |
| Exelon Corp. | Exelon Corp. | Exelon Corp. | Exelon Corp. |
| 16000 | 3.400 | 04/15/26 | 15209 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 18000 | 1.875 | 01/15/27 | 15962 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 9000 | 3.450 | 07/01/25 | 8489 |
| 11000 | 3.300 | 03/15/27 | 9778 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 23000 | 3.250 | 07/01/26 | 21868 |
| Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. |
| 23000 | 3.875 | 11/15/25 | 22114 |
| Southwestern Electric Power Co., Series N | Southwestern Electric Power Co., Series N | Southwestern Electric Power Co., Series N | Southwestern Electric Power Co., Series N |
| 19000 | 1.650 | 03/15/26 | 17009 |
|  |  |  | 272848 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – 8.0%** | **Energy – 8.0%** | **Energy – 8.0%** | **Energy – 8.0%** |
| Chevron Corp. | Chevron Corp. | Chevron Corp. | Chevron Corp. |
| 36000 | 3.326% | 11/17/25 | $35087 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| 18000 | 7.600 | 02/01/24 | 18258 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| 23000 | 3.750 | 02/15/25 | 22482 |
| Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. |
| 14000 | 3.176 | 03/15/24 | 13764 |
| 35000 | 3.043 | 03/01/26 | 33638 |
| 18000 | 2.275 | 08/16/26 | 16806 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 35000 | 4.150 | 02/01/24 | 34537 |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. |
| 23000 | 4.300 | 06/01/25 | 22684 |
| Magellan Midstream Partners LP | Magellan Midstream Partners LP | Magellan Midstream Partners LP | Magellan Midstream Partners LP |
| 35000 | 5.000 | 03/01/26 | 35167 |
| Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. |
| 16000 | 4.700 | 05/01/25 | 15872 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 35000 | 4.875 | 12/01/24 | 34739 |
| 17000 | 1.750 | 03/01/26 | 15235 |
| National Fuel Gas Co. | National Fuel Gas Co. | National Fuel Gas Co. | National Fuel Gas Co. |
| 23000 | 5.500 | 01/15/26 | 23023 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| 21000 | 7.500 | 09/01/23 | 21140 |
| Phillips 66 | Phillips 66 | Phillips 66 | Phillips 66 |
| 9000 | 0.900 | 02/15/24 | 8563 |
| Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. |
| 23000 | 4.650 | 10/15/25 | 22594 |
| Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC |
| 14000 | 5.625 | 03/01/25 | 13996 |
| 46000 | 5.000 | 03/15/27 | 45138 |
| Spectra Energy Partners LP | Spectra Energy Partners LP | Spectra Energy Partners LP | Spectra Energy Partners LP |
| 25000 | 4.750 | 03/15/24 | 24877 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 23000 | 3.350 | 02/01/25 | 22022 |
| 23000 | 3.950 | 06/01/25 | 22080 |
| Williams Cos., Inc. (The) | Williams Cos., Inc. (The) | Williams Cos., Inc. (The) | Williams Cos., Inc. (The) |
| 50000 | 4.000 | 09/15/25 | 48563 |
|  |  |  | 550265 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Financial Company – 1.8%** | **Financial Company – 1.8%** | **Financial Company – 1.8%** | **Financial Company – 1.8%** |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| 25000 | 3.625% | 04/01/27 | $22956 |
| Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. |
| 24000 | 2.875 | 06/15/27 | 20692 |
| FS KKR Capital Corp. | FS KKR Capital Corp. | FS KKR Capital Corp. | FS KKR Capital Corp. |
| 18000 | 4.625 | 07/15/24 | 17379 |
| 23000 | 3.250 | 07/15/27 | 19540 |
| GATX Corp. | GATX Corp. | GATX Corp. | GATX Corp. |
| 23000 | 3.250 | 09/15/26 | 21277 |
| Sixth Street Specialty Lending, Inc. | Sixth Street Specialty Lending, Inc. | Sixth Street Specialty Lending, Inc. | Sixth Street Specialty Lending, Inc. |
| 23000 | 3.875 | 11/01/24 | 22009 |
|  |  |  | 123853 |
| **Food and Beverage – 0.9%** | **Food and Beverage – 0.9%** | **Food and Beverage – 0.9%** | **Food and Beverage – 0.9%** |
| Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. |
| 14000 | 3.130 | 12/15/23 | 13698 |
| McCormick & Co., Inc. | McCormick & Co., Inc. | McCormick & Co., Inc. | McCormick & Co., Inc. |
| 23000 | 0.900 | 02/15/26 | 20213 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| 16000 | 2.850 | 02/24/26 | 15294 |
| Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. |
| 14000 | 3.950 | 08/15/24 | 13748 |
|  |  |  | 62953 |
| **Hardware – 0.3%** | **Hardware – 0.3%** | **Hardware – 0.3%** | **Hardware – 0.3%** |
| Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. |
| 23000 | 4.185 | 02/15/27 | 22051 |
| **Healthcare – 2.9%** | **Healthcare – 2.9%** | **Healthcare – 2.9%** | **Healthcare – 2.9%** |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 36000 | 2.625 | 08/15/24 | 34797 |
| 19000 | 3.000 | 08/15/26 | 17849 |
| Evernorth Health, Inc. | Evernorth Health, Inc. | Evernorth Health, Inc. | Evernorth Health, Inc. |
| 19000 | 3.500 | 06/15/24 | 18605 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 35000 | 5.000 | 03/15/24 | 34805 |
| 14000 | 5.375 | 02/01/25 | 13920 |
| 23000 | 4.500 | 02/15/27 | 21979 |
| McKesson Corp. | McKesson Corp. | McKesson Corp. | McKesson Corp. |
| 14000 | 3.796 | 03/15/24 | 13764 |
| Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. |
| 23000 | 3.450 | 06/01/26 | 22067 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 23000 | 3.375% | 04/15/27 | $22011 |
|  |  |  | 199797 |
| **Insurance – 0.3%** | **Insurance – 0.3%** | **Insurance – 0.3%** | **Insurance – 0.3%** |
| CNA Financial Corp. | CNA Financial Corp. | CNA Financial Corp. | CNA Financial Corp. |
| 19000 | 3.950 | 05/15/24 | 18648 |
| **Pharmaceuticals – 0.3%** | **Pharmaceuticals – 0.3%** | **Pharmaceuticals – 0.3%** | **Pharmaceuticals – 0.3%** |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| 23000 | 2.300 | 06/22/27 | 19813 |
| **REITs and Real Estate – 2.9%** | **REITs and Real Estate – 2.9%** | **REITs and Real Estate – 2.9%** | **REITs and Real Estate – 2.9%** |
| Equinix, Inc. | Equinix, Inc. | Equinix, Inc. | Equinix, Inc. |
| 33000 | 1.800 | 07/15/27 | 28282 |
| ERP Operating LP | ERP Operating LP | ERP Operating LP | ERP Operating LP |
| 23000 | 3.375 | 06/01/25 | 22025 |
| GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. |
| 23000 | 5.375 | 11/01/23 | 22819 |
| 13000 | 5.375 | 04/15/26 | 12704 |
| Healthpeak Properties, Inc. | Healthpeak Properties, Inc. | Healthpeak Properties, Inc. | Healthpeak Properties, Inc. |
| 23000 | 3.250 | 07/15/26 | 21664 |
| Public Storage | Public Storage | Public Storage | Public Storage |
| 18000 | 1.500 | 11/09/26 | 16146 |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| 23000 | 3.500 | 09/01/25 | 22132 |
| 23000 | 3.300 | 01/15/26 | 21964 |
| Spirit Realty LP | Spirit Realty LP | Spirit Realty LP | Spirit Realty LP |
| 9000 | 3.200 | 01/15/27 | 8002 |
| Welltower, Inc. | Welltower, Inc. | Welltower, Inc. | Welltower, Inc. |
| 23000 | 4.000 | 06/01/25 | 22433 |
|  |  |  | 198171 |
| **Software – 0.6%** | **Software – 0.6%** | **Software – 0.6%** | **Software – 0.6%** |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| 46000 | 2.800 | 04/01/27 | 42076 |
| **Technology – 7.8%** | **Technology – 7.8%** | **Technology – 7.8%** | **Technology – 7.8%** |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| 23000 | 1.998 | 08/15/26 | 21434 |
| Apple, Inc. | Apple, Inc. | Apple, Inc. | Apple, Inc. |
| 53000 | 0.700 | 02/08/26 | 47360 |
| 36000 | 2.450 | 08/04/26 | 33777 |
| 24000 | 2.050 | 09/11/26 | 22124 |
| 47000 | 3.350 | 02/09/27 | 45477 |
| Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. |
| 24000 | 3.875 | 01/15/27 | 22734 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
| Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. |
| 25000 | 4.000% | 07/15/24 | $24516 |
| 14000 | 4.900 | 10/01/26 | 13777 |
| Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
| 17000 | 3.850 | 06/01/25 | 16532 |
| 35000 | 3.200 | 07/01/26 | 33028 |
| Genpact Luxembourg Sarl | Genpact Luxembourg Sarl | Genpact Luxembourg Sarl | Genpact Luxembourg Sarl |
| 23000 | 3.375 | 12/01/24 | 21994 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| 21000 | 4.900 | 10/15/25 | 20973 |
| HP, Inc. | HP, Inc. | HP, Inc. | HP, Inc. |
| 14000 | 2.200 | 06/17/25 | 13067 |
| Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
| 35000 | 3.400 | 03/25/25 | 34188 |
| Intuit, Inc. | Intuit, Inc. | Intuit, Inc. | Intuit, Inc. |
| 23000 | 1.350 | 07/15/27 | 19936 |
| Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. |
| 23000 | 4.250 | 09/01/25 | 22379 |
| Microsoft Corp. | Microsoft Corp. | Microsoft Corp. | Microsoft Corp. |
| 46000 | 3.300 | 02/06/27 | 44608 |
| Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. |
| 18000 | 7.500 | 05/15/25 | 18654 |
| NetApp, Inc. | NetApp, Inc. | NetApp, Inc. | NetApp, Inc. |
| 18000 | 3.300 | 09/29/24 | 17406 |
| QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. |
| 37000 | 2.900 | 05/20/24 | 36054 |
| 9000 | 3.450 | 05/20/25 | 8764 |
|  |  |  | 538782 |
| **Transportation – 2.5%** | **Transportation – 2.5%** | **Transportation – 2.5%** | **Transportation – 2.5%** |
| CSX Corp. | CSX Corp. | CSX Corp. | CSX Corp. |
| 24000 | 3.250 | 06/01/27 | 22647 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 23000 | 3.850 | 01/15/24 | 22696 |
| Ryder System, Inc., MTN | Ryder System, Inc., MTN | Ryder System, Inc., MTN | Ryder System, Inc., MTN |
| 7000 | 1.750 | 09/01/26 | 6243 |
| 11000 | 2.900 | 12/01/26 | 10061 |
| Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. |
| 23000 | 5.250 | 05/04/25 | 23117 |
| Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. |
| 25000 | 3.250 | 08/15/25 | 24260 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Transportation – (continued)** | **Transportation – (continued)** | **Transportation – (continued)** | **Transportation – (continued)** |
| United Airlines Pass Through Trust, Series A | United Airlines Pass Through Trust, Series A | United Airlines Pass Through Trust, Series A | United Airlines Pass Through Trust, Series A |
| 26089 | 4.150% | 04/11/24 | $25212 |
| United Airlines Pass Through Trust, Class A, Series 20-1 | United Airlines Pass Through Trust, Class A, Series 20-1 | United Airlines Pass Through Trust, Class A, Series 20-1 | United Airlines Pass Through Trust, Class A, Series 20-1 |
| 22131 | 5.875 | 10/15/27 | 21522 |
| United Airlines Pass-Through Trust, Series A | United Airlines Pass-Through Trust, Series A | United Airlines Pass-Through Trust, Series A | United Airlines Pass-Through Trust, Series A |
| 20506 | 4.300 | 08/15/25 | 19305 |
|  |  |  | 175063 |
| **Wireless – 3.3%** | **Wireless – 3.3%** | **Wireless – 3.3%** | **Wireless – 3.3%** |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 59000 | 5.000 | 02/15/24 | 58935 |
| 19000 | 3.375 | 10/15/26 | 17726 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 9000 | 0.900 | 03/25/24 | 8543 |
| 31000 | 1.700 | 03/25/26 | 27979 |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| 48000 | 3.200 | 09/01/24 | 46584 |
| Sprint LLC | Sprint LLC | Sprint LLC | Sprint LLC |
| 23000 | 7.625 | 03/01/26 | 24116 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| 23000 | 3.750 | 04/15/27 | 21788 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 23000 | 1.450 | 03/20/26 | 20790 |
|  |  |  | 226461 |
| **TOTAL CORPORATE OBLIGATIONS<br>(Cost $6,392,670)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $6,392,670)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $6,392,670)** | $5989778 |
| **Foreign Corporate Debt – 12.0%** | **Foreign Corporate Debt – 12.0%** | **Foreign Corporate Debt – 12.0%** | **Foreign Corporate Debt – 12.0%** |
| **Banks – 7.0%** | **Banks – 7.0%** | **Banks – 7.0%** | **Banks – 7.0%** |
| Bank of Montreal<sup>(a)</sup> (Canada) | Bank of Montreal<sup>(a)</sup> (Canada) | Bank of Montreal<sup>(a)</sup> (Canada) | Bank of Montreal<sup>(a)</sup> (Canada) |
| (5 Year USD Swap + 1.280%) | (5 Year USD Swap + 1.280%) | (5 Year USD Swap + 1.280%) | (5 Year USD Swap + 1.280%) |
| 25000 | 4.338% | 10/05/28 | $24531 |
| Bank of Montreal, Series E (Canada) | Bank of Montreal, Series E (Canada) | Bank of Montreal, Series E (Canada) | Bank of Montreal, Series E (Canada) |
| 30000 | 3.300 | 02/05/24 | 29401 |
| Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) |
| 24000 | 1.050 | 03/02/26 | 21258 |
| 24000 | 2.700 | 08/03/26 | 22328 |
| 30000 | 1.300 | 09/15/26 | 26340 |
| Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) |
| 24000 | 1.250 | 06/22/26 | 21111 |
| HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) |
| (SOFR + 1.100%) | (SOFR + 1.100%) | (SOFR + 1.100%) | (SOFR + 1.100%) |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) – (continued) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) – (continued) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) – (continued) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom) – (continued) |
| 200000 | 2.251% | 11/22/27 | $172138 |
| Royal Bank of Canada, MTN (Canada) | Royal Bank of Canada, MTN (Canada) | Royal Bank of Canada, MTN (Canada) | Royal Bank of Canada, MTN (Canada) |
| 34000 | 1.150 | 06/10/25 | 31140 |
| Toronto-Dominion Bank (The), MTN (Canada) | Toronto-Dominion Bank (The), MTN (Canada) | Toronto-Dominion Bank (The), MTN (Canada) | Toronto-Dominion Bank (The), MTN (Canada) |
| 50000 | 0.750 | 01/06/26 | 44218 |
| 23000 | 1.250 | 09/10/26 | 20150 |
| Toronto-Dominion Bank (The), GMTN (Canada) | Toronto-Dominion Bank (The), GMTN (Canada) | Toronto-Dominion Bank (The), GMTN (Canada) | Toronto-Dominion Bank (The), GMTN (Canada) |
| 41000 | 3.250 | 03/11/24 | 40089 |
| Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) |
| 34000 | 1.150 | 06/03/26 | 30218 |
|  |  |  | 482922 |
| **Brokerage – 0.2%** | **Brokerage – 0.2%** | **Brokerage – 0.2%** | **Brokerage – 0.2%** |
| Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) |
| 12000 | 4.000 | 04/01/24 | 11805 |
| **Consumer Cyclical – 0.5%** | **Consumer Cyclical – 0.5%** | **Consumer Cyclical – 0.5%** | **Consumer Cyclical – 0.5%** |
| Toyota Motor Corp. (Japan) | Toyota Motor Corp. (Japan) | Toyota Motor Corp. (Japan) | Toyota Motor Corp. (Japan) |
| 41000 | 1.339 | 03/25/26 | 37065 |
| **Consumer Noncyclical – 1.3%** | **Consumer Noncyclical – 1.3%** | **Consumer Noncyclical – 1.3%** | **Consumer Noncyclical – 1.3%** |
| BAT International Finance PLC (United Kingdom) | BAT International Finance PLC (United Kingdom) | BAT International Finance PLC (United Kingdom) | BAT International Finance PLC (United Kingdom) |
| 24000 | 1.668 | 03/25/26 | 21258 |
| Bayer US Finance II LLC<sup>(b)</sup> (Germany) | Bayer US Finance II LLC<sup>(b)</sup> (Germany) | Bayer US Finance II LLC<sup>(b)</sup> (Germany) | Bayer US Finance II LLC<sup>(b)</sup> (Germany) |
| 26000 | 3.375 | 07/15/24 | 25204 |
| GlaxoSmithKline Capital PLC (United Kingdom) | GlaxoSmithKline Capital PLC (United Kingdom) | GlaxoSmithKline Capital PLC (United Kingdom) | GlaxoSmithKline Capital PLC (United Kingdom) |
| 41000 | 3.000 | 06/01/24 | 40044 |
|  |  |  | 86506 |
| **Energy – 0.4%** | **Energy – 0.4%** | **Energy – 0.4%** | **Energy – 0.4%** |
| Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) |
| 9000 | 3.500 | 06/10/24 | 8766 |
| Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) |
| 23000 | 3.250 | 05/11/25 | 22371 |
|  |  |  | 31137 |
| **Metals – 0.1%** | **Metals – 0.1%** | **Metals – 0.1%** | **Metals – 0.1%** |
| ArcelorMittal SA (Luxembourg) | ArcelorMittal SA (Luxembourg) | ArcelorMittal SA (Luxembourg) | ArcelorMittal SA (Luxembourg) |
| 11000 | 3.600 | 07/16/24 | 10665 |
| **Oil Company-Integrated – 1.0%** | **Oil Company-Integrated – 1.0%** | **Oil Company-Integrated – 1.0%** | **Oil Company-Integrated – 1.0%** |
| Ecopetrol SA (Colombia) | Ecopetrol SA (Colombia) | Ecopetrol SA (Colombia) | Ecopetrol SA (Colombia) |
| 23000 | 5.875 | 09/18/23 | 22885 |
| 46000 | 4.125 | 01/16/25 | 43240 |
|  |  |  | 66125 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Technology – 0.2%** | **Technology – 0.2%** | **Technology – 0.2%** | **Technology – 0.2%** |
| NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) |
| 14000 | 4.875% | 03/01/24 | $13888 |
| **Wireless – 1.3%** | **Wireless – 1.3%** | **Wireless – 1.3%** | **Wireless – 1.3%** |
| Rogers Communications, Inc. (Canada) | Rogers Communications, Inc. (Canada) | Rogers Communications, Inc. (Canada) | Rogers Communications, Inc. (Canada) |
| 23000 | 4.100 | 10/01/23 | 22751 |
| 50000 | 3.200 <sup>(b)</sup> | 03/15/27 | 46808 |
| Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) |
| 18000 | 4.125 | 05/30/25 | 17745 |
|  |  |  | 87304 |
| **TOTAL FOREIGN CORPORATE DEBT**<br> **(Cost $890,064)** | **TOTAL FOREIGN CORPORATE DEBT**<br> **(Cost $890,064)** | **TOTAL FOREIGN CORPORATE DEBT**<br> **(Cost $890,064)** | $827417 |
| **TOTAL INVESTMENTS – 98.9%**<br> **(Cost $7,282,734)** | **TOTAL INVESTMENTS – 98.9%**<br> **(Cost $7,282,734)** | **TOTAL INVESTMENTS – 98.9%**<br> **(Cost $7,282,734)** | $6817195 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.1%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.1%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 1.1%** | 76487 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $6893682 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Variable rate security. Interest rate or distribution rate disclosed is that which is in effect on November 30, 2022. |
| (b) | Exempt from registration under Rule 144A of the Securities Act of 1933. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| GMTN | — Global Medium Term Note |
| LIBOR | — London Interbank Offered Rate |
| LP | — Limited Partnership |
| MTN | — Medium Term Note |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SOFR | — Secured Overnight Financing Rate |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – 79.0%** | **Corporate Obligations – 79.0%** | **Corporate Obligations – 79.0%** | **Corporate Obligations – 79.0%** | **Corporate Obligations – 79.0%** |
|  **Aerospace & Defense – 2.3%** | **Aerospace & Defense – 2.3%** | **Aerospace & Defense – 2.3%** | **Aerospace & Defense – 2.3%** | **Aerospace & Defense – 2.3%** |
|  Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) | Boeing Co. (The) |
|  $ | 100000 | 3.200% | 03/01/29 | $88358 |
|  | 2000000 | 2.950 | 02/01/30 | 1708152 |
|  | 1000000 | 3.600 | 05/01/34 | 804396 |
|  | 1740000 | 3.900 | 05/01/49 | 1247777 |
|  | 100000 | 5.805 | 05/01/50 | 94795 |
|  General Dynamics Corp. | General Dynamics Corp. | General Dynamics Corp. | General Dynamics Corp. | General Dynamics Corp. |
|  | 50000 | 3.250 | 04/01/25 | 48488 |
|  | 300000 | 3.500 | 04/01/27 | 287789 |
|  | 650000 | 3.750 | 05/15/28 | 622889 |
|  | 84000 | 4.250 | 04/01/50 | 76131 |
|  Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. |
|  | 781000 | 4.070 | 12/15/42 | 687436 |
|  | 380000 | 3.800 | 03/01/45 | 316534 |
|  | 100000 | 4.700 | 05/15/46 | 94742 |
|  | 168000 | 4.090 | 09/15/52 | 145667 |
|  | 100000 | 4.150 | 06/15/53 | 87508 |
|  Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
|  | 476000 | 2.930 | 01/15/25 | 457717 |
|  | 290000 | 3.200 | 02/01/27 | 273296 |
|  | 738000 | 3.250 | 01/15/28 | 684908 |
|  | 300000 | 4.400 | 05/01/30 | 294081 |
|  | 406000 | 4.030 | 10/15/47 | 346028 |
|  | 267000 | 5.250 | 05/01/50 | 270027 |
|  Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
|  | 1080000 | 3.950 | 08/16/25 | 1060334 |
|  | 100000 | 3.125 | 05/04/27 | 94158 |
|  | 300000 | 4.125 | 11/16/28 | 290528 |
|  | 243000 | 4.450 | 11/16/38 | 223737 |
|  | 500000 | 4.500 | 06/01/42 | 465884 |
|  | 100000 | 4.150 | 05/15/45 | 85945 |
|  | 208000 | 3.750 | 11/01/46 | 166171 |
|  | 304000 | 4.350 | 04/15/47 | 268055 |
|  | 292000 | 4.625 | 11/16/48 | 269423 |
|  | 406000 | 3.125 | 07/01/50 | 294247 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Aerospace & Defense – (continued)** | **Aerospace & Defense – (continued)** | **Aerospace & Defense – (continued)** | **Aerospace & Defense – (continued)** |
| Raytheon Technologies Corp. – (continued) | Raytheon Technologies Corp. – (continued) | Raytheon Technologies Corp. – (continued) | Raytheon Technologies Corp. – (continued) |
| 260000 | 2.820% | 09/01/51 | $178057 |
|  |  |  | 12033258 |
| **Agriculture – 0.0%** | **Agriculture – 0.0%** | **Agriculture – 0.0%** | **Agriculture – 0.0%** |
| Archer-Daniels-Midland Co. | Archer-Daniels-Midland Co. | Archer-Daniels-Midland Co. | Archer-Daniels-Midland Co. |
| 162000 | 3.250 | 03/27/30 | 147582 |
| **Banks – 18.8%** | **Banks – 18.8%** | **Banks – 18.8%** | **Banks – 18.8%** |
| American Express Co. | American Express Co. | American Express Co. | American Express Co. |
| 240000 | 3.400 | 02/22/24 | 235855 |
| 250000 | 2.500 | 07/30/24 | 240456 |
| 2912000 | 3.000 | 10/30/24 | 2822270 |
| 649000 | 4.200 | 11/06/25 | 642029 |
| 470000 | 3.125 | 05/20/26 | 445961 |
| 250000 | 1.650 | 11/04/26 | 220624 |
| (SOFR + 2.255%) | (SOFR + 2.255%) | (SOFR + 2.255%) | (SOFR + 2.255%) |
| 192000 | 4.989 <sup>(a)</sup> | 05/26/33 | 185475 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| (SOFR + 0.690%) | (SOFR + 0.690%) | (SOFR + 0.690%) | (SOFR + 0.690%) |
| 220000 | 0.976 <sup>(a)</sup> | 04/22/25 | 205663 |
| (3M USD LIBOR + 0.810%) | (3M USD LIBOR + 0.810%) | (3M USD LIBOR + 0.810%) | (3M USD LIBOR + 0.810%) |
| 584000 | 3.366 <sup>(a)</sup> | 01/23/26 | 558935 |
| (SOFR + 0.960%) | (SOFR + 0.960%) | (SOFR + 0.960%) | (SOFR + 0.960%) |
| 774000 | 1.734 <sup>(a)</sup> | 07/22/27 | 679268 |
| (3M USD LIBOR + 1.512%) | (3M USD LIBOR + 1.512%) | (3M USD LIBOR + 1.512%) | (3M USD LIBOR + 1.512%) |
| 548000 | 3.705 <sup>(a)</sup> | 04/24/28 | 511644 |
| (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) |
| 1148000 | 3.419 <sup>(a)</sup> | 12/20/28 | 1036521 |
| (SOFR + 2.150%) | (SOFR + 2.150%) | (SOFR + 2.150%) | (SOFR + 2.150%) |
| 759000 | 2.592 <sup>(a)</sup> | 04/29/31 | 625061 |
| (SOFR + 1.320%) | (SOFR + 1.320%) | (SOFR + 1.320%) | (SOFR + 1.320%) |
| 1130000 | 2.687 <sup>(a)</sup> | 04/22/32 | 912089 |
| (SOFR + 1.220%) | (SOFR + 1.220%) | (SOFR + 1.220%) | (SOFR + 1.220%) |
| 290000 | 2.299 <sup>(a)</sup> | 07/21/32 | 227134 |
| (SOFR + 1.210%) | (SOFR + 1.210%) | (SOFR + 1.210%) | (SOFR + 1.210%) |
| 500000 | 2.572 <sup>(a)</sup> | 10/20/32 | 398290 |
| (US 5 Year CMT T-Note + 1.200%) | (US 5 Year CMT T-Note + 1.200%) | (US 5 Year CMT T-Note + 1.200%) | (US 5 Year CMT T-Note + 1.200%) |
| 406000 | 2.482 <sup>(a)</sup> | 09/21/36 | 304674 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Bank of America Corp. – (continued) | Bank of America Corp. – (continued) | Bank of America Corp. – (continued) | Bank of America Corp. – (continued) |
| 560000 | 6.110% | 01/29/37 | $580399 |
| (3M USD LIBOR + 1.814%) | (3M USD LIBOR + 1.814%) | (3M USD LIBOR + 1.814%) | (3M USD LIBOR + 1.814%) |
| 475000 | 4.244 <sup>(a)</sup> | 04/24/38 | 414988 |
| 370000 | 7.750 | 05/14/38 | 444631 |
| (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) |
| 519000 | 3.311 <sup>(a)</sup> | 04/22/42 | 394737 |
| (SOFR + 1.560%) | (SOFR + 1.560%) | (SOFR + 1.560%) | (SOFR + 1.560%) |
| 517000 | 2.972 <sup>(a)</sup> | 07/21/52 | 342586 |
| Bank of America Corp., GMTN | Bank of America Corp., GMTN | Bank of America Corp., GMTN | Bank of America Corp., GMTN |
| 220000 | 3.500 | 04/19/26 | 211069 |
| (3M USD LIBOR + 1.370%) | (3M USD LIBOR + 1.370%) | (3M USD LIBOR + 1.370%) | (3M USD LIBOR + 1.370%) |
| 588000 | 3.593 <sup>(a)</sup> | 07/21/28 | 544344 |
| Bank of America Corp., Series L | Bank of America Corp., Series L | Bank of America Corp., Series L | Bank of America Corp., Series L |
| 110000 | 3.950 | 04/21/25 | 106642 |
| 658000 | 4.183 | 11/25/27 | 627323 |
| Bank of America Corp., MTN | Bank of America Corp., MTN | Bank of America Corp., MTN | Bank of America Corp., MTN |
| 390000 | 4.125 | 01/22/24 | 386670 |
| 380000 | 4.000 | 04/01/24 | 376459 |
| 836000 | 4.200 | 08/26/24 | 822843 |
| (SOFR + 0.740%) | (SOFR + 0.740%) | (SOFR + 0.740%) | (SOFR + 0.740%) |
| 555000 | 0.810 <sup>(a)</sup> | 10/24/24 | 531300 |
| 340000 | 4.000 | 01/22/25 | 331139 |
| (3M USD LIBOR + 0.970%) | (3M USD LIBOR + 0.970%) | (3M USD LIBOR + 0.970%) | (3M USD LIBOR + 0.970%) |
| 420000 | 3.458 <sup>(a)</sup> | 03/15/25 | 408594 |
| 215000 | 3.875 | 08/01/25 | 211999 |
| (3M USD LIBOR + 1.090%) | (3M USD LIBOR + 1.090%) | (3M USD LIBOR + 1.090%) | (3M USD LIBOR + 1.090%) |
| 320000 | 3.093 <sup>(a)</sup> | 10/01/25 | 305766 |
| (3M USD LIBOR + 0.870%) | (3M USD LIBOR + 0.870%) | (3M USD LIBOR + 0.870%) | (3M USD LIBOR + 0.870%) |
| 800000 | 2.456 <sup>(a)</sup> | 10/22/25 | 753316 |
| (3M USD LIBOR + 0.640%) | (3M USD LIBOR + 0.640%) | (3M USD LIBOR + 0.640%) | (3M USD LIBOR + 0.640%) |
| 450000 | 2.015 <sup>(a)</sup> | 02/13/26 | 417498 |
| 180000 | 4.450 | 03/03/26 | 177031 |
| (SOFR + 1.150%) | (SOFR + 1.150%) | (SOFR + 1.150%) | (SOFR + 1.150%) |
| 1718000 | 1.319 <sup>(a)</sup> | 06/19/26 | 1552322 |
| 236000 | 4.250 | 10/22/26 | 230536 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Bank of America Corp., MTN – (continued) | Bank of America Corp., MTN – (continued) | Bank of America Corp., MTN – (continued) | Bank of America Corp., MTN – (continued) |
| (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) |
| 490000 | 3.559 %<sup>(a)</sup> | 04/23/27 | $462102 |
| 760000 | 3.248 | 10/21/27 | 701534 |
| (3M USD LIBOR + 1.575%) | (3M USD LIBOR + 1.575%) | (3M USD LIBOR + 1.575%) | (3M USD LIBOR + 1.575%) |
| 462000 | 3.824 <sup>(a)</sup> | 01/20/28 | 434233 |
| (3M USD LIBOR + 1.070%) | (3M USD LIBOR + 1.070%) | (3M USD LIBOR + 1.070%) | (3M USD LIBOR + 1.070%) |
| 150000 | 3.970 <sup>(a)</sup> | 03/05/29 | 138166 |
| (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) |
| 710000 | 4.271 <sup>(a)</sup> | 07/23/29 | 662248 |
| (3M USD LIBOR + 1.210%) | (3M USD LIBOR + 1.210%) | (3M USD LIBOR + 1.210%) | (3M USD LIBOR + 1.210%) |
| 504000 | 3.974 <sup>(a)</sup> | 02/07/30 | 464988 |
| (3M USD LIBOR + 1.180%) | (3M USD LIBOR + 1.180%) | (3M USD LIBOR + 1.180%) | (3M USD LIBOR + 1.180%) |
| 200000 | 3.194 <sup>(a)</sup> | 07/23/30 | 175038 |
| (3M USD LIBOR + 1.190%) | (3M USD LIBOR + 1.190%) | (3M USD LIBOR + 1.190%) | (3M USD LIBOR + 1.190%) |
| 281000 | 2.884 <sup>(a)</sup> | 10/22/30 | 239191 |
| (3M USD LIBOR + 0.990%) | (3M USD LIBOR + 0.990%) | (3M USD LIBOR + 0.990%) | (3M USD LIBOR + 0.990%) |
| 345000 | 2.496 <sup>(a)</sup> | 02/13/31 | 284017 |
| (SOFR + 1.530%) | (SOFR + 1.530%) | (SOFR + 1.530%) | (SOFR + 1.530%) |
| 830000 | 1.898 <sup>(a)</sup> | 07/23/31 | 649870 |
| (SOFR + 1.370%) | (SOFR + 1.370%) | (SOFR + 1.370%) | (SOFR + 1.370%) |
| 500000 | 1.922 <sup>(a)</sup> | 10/24/31 | 388278 |
| (3M USD LIBOR + 1.320%) | (3M USD LIBOR + 1.320%) | (3M USD LIBOR + 1.320%) | (3M USD LIBOR + 1.320%) |
| 296000 | 4.078 <sup>(a)</sup> | 04/23/40 | 252211 |
| (SOFR + 1.930%) | (SOFR + 1.930%) | (SOFR + 1.930%) | (SOFR + 1.930%) |
| 800000 | 2.676 <sup>(a)</sup> | 06/19/41 | 556377 |
| 248000 | 5.875 | 02/07/42 | 259747 |
| 334000 | 5.000 | 01/21/44 | 315421 |
| (3M USD LIBOR + 1.990%) | (3M USD LIBOR + 1.990%) | (3M USD LIBOR + 1.990%) | (3M USD LIBOR + 1.990%) |
| 354000 | 4.443 <sup>(a)</sup> | 01/20/48 | 308603 |
| (3M USD LIBOR + 1.520%) | (3M USD LIBOR + 1.520%) | (3M USD LIBOR + 1.520%) | (3M USD LIBOR + 1.520%) |
| 540000 | 4.330 <sup>(a)</sup> | 03/15/50 | 458868 |
| (3M USD LIBOR + 3.150%) | (3M USD LIBOR + 3.150%) | (3M USD LIBOR + 3.150%) | (3M USD LIBOR + 3.150%) |
| 910000 | 4.083 <sup>(a)</sup> | 03/20/51 | 746793 |
| Bank of America Corp.<sup>(a)</sup>, Series N | Bank of America Corp.<sup>(a)</sup>, Series N | Bank of America Corp.<sup>(a)</sup>, Series N | Bank of America Corp.<sup>(a)</sup>, Series N |
| (SOFR + 1.220%) | (SOFR + 1.220%) | (SOFR + 1.220%) | (SOFR + 1.220%) |
| 500000 | 2.651 | 03/11/32 | 407005 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Bank of New York Mellon Corp. (The), MTN | Bank of New York Mellon Corp. (The), MTN | Bank of New York Mellon Corp. (The), MTN | Bank of New York Mellon Corp. (The), MTN |
| 120000 | 0.350% | 12/07/23 | $114619 |
| 100000 | 2.100 | 10/24/24 | 95390 |
| 50000 | 2.800 | 05/04/26 | 47151 |
| 636000 | 3.400 | 01/29/28 | 596207 |
| (3M USD LIBOR + 1.069%) | (3M USD LIBOR + 1.069%) | (3M USD LIBOR + 1.069%) | (3M USD LIBOR + 1.069%) |
| 998000 | 3.442 <sup>(a)</sup> | 02/07/28 | 940205 |
| 400000 | 3.850 | 04/28/28 | 384270 |
| 144000 | 3.300 | 08/23/29 | 130333 |
| Charles Schwab Corp. (The) | Charles Schwab Corp. (The) | Charles Schwab Corp. (The) | Charles Schwab Corp. (The) |
| 244000 | 0.750 | 03/18/24 | 231590 |
| 500000 | 2.300 | 05/13/31 | 414653 |
| 300000 | 1.950 | 12/01/31 | 237846 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| (SOFR + 2.107%) | (SOFR + 2.107%) | (SOFR + 2.107%) | (SOFR + 2.107%) |
| 500000 | 2.572 <sup>(a)</sup> | 06/03/31 | 410146 |
| (SOFR + 1.939%) | (SOFR + 1.939%) | (SOFR + 1.939%) | (SOFR + 1.939%) |
| 600000 | 3.785 <sup>(a)</sup> | 03/17/33 | 524472 |
| Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp |
| 712000 | 3.650 | 01/25/24 | 701284 |
| 572000 | 2.550 | 05/05/27 | 516101 |
| 190000 | 8.250 | 03/01/38 | 232162 |
| Fifth Third Bank NA | Fifth Third Bank NA | Fifth Third Bank NA | Fifth Third Bank NA |
| 560000 | 3.850 | 03/15/26 | 535961 |
| Huntington Bancshares, Inc. | Huntington Bancshares, Inc. | Huntington Bancshares, Inc. | Huntington Bancshares, Inc. |
| 870000 | 2.625 | 08/06/24 | 832025 |
| 328000 | 2.550 | 02/04/30 | 272234 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| 150000 | 3.875 | 02/01/24 | 148339 |
| 150000 | 3.625 | 05/13/24 | 147537 |
| 325000 | 3.875 | 09/10/24 | 318978 |
| (3M U.S. T-Bill MMY + 0.600%) | (3M U.S. T-Bill MMY + 0.600%) | (3M U.S. T-Bill MMY + 0.600%) | (3M U.S. T-Bill MMY + 0.600%) |
| 200000 | 0.653 <sup>(a)</sup> | 09/16/24 | 192207 |
| (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) |
| 389000 | 4.023 <sup>(a)</sup> | 12/05/24 | 385312 |
| 240000 | 3.125 | 01/23/25 | 233174 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) |
| (3M USD LIBOR + 1.155%) | (3M USD LIBOR + 1.155%) | (3M USD LIBOR + 1.155%) | (3M USD LIBOR + 1.155%) |
| 204000 | 3.220 %<sup>(a)</sup> | 03/01/25 | $198514 |
| 378000 | 3.900 | 07/15/25 | 373025 |
| (SOFR + 1.160%) | (SOFR + 1.160%) | (SOFR + 1.160%) | (SOFR + 1.160%) |
| 130000 | 2.301 <sup>(a)</sup> | 10/15/25 | 122793 |
| (SOFR + 0.915%) | (SOFR + 0.915%) | (SOFR + 0.915%) | (SOFR + 0.915%) |
| 150000 | 2.595 <sup>(a)</sup> | 02/24/26 | 141264 |
| (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) |
| 170000 | 2.005 <sup>(a)</sup> | 03/13/26 | 158105 |
| 760000 | 3.300 | 04/01/26 | 725664 |
| (SOFR + 1.850%) | (SOFR + 1.850%) | (SOFR + 1.850%) | (SOFR + 1.850%) |
| 840000 | 2.083 <sup>(a)</sup> | 04/22/26 | 780942 |
| 720000 | 3.200 | 06/15/26 | 685590 |
| 290000 | 4.125 | 12/15/26 | 284051 |
| (3M USD LIBOR + 1.245%) | (3M USD LIBOR + 1.245%) | (3M USD LIBOR + 1.245%) | (3M USD LIBOR + 1.245%) |
| 300000 | 3.960 <sup>(a)</sup> | 01/29/27 | 288338 |
| (SOFR + 0.885%) | (SOFR + 0.885%) | (SOFR + 0.885%) | (SOFR + 0.885%) |
| 600000 | 1.578 <sup>(a)</sup> | 04/22/27 | 526758 |
| 293000 | 4.250 | 10/01/27 | 285230 |
| 184000 | 3.625 | 12/01/27 | 172803 |
| (3M USD LIBOR + 1.337%) | (3M USD LIBOR + 1.337%) | (3M USD LIBOR + 1.337%) | (3M USD LIBOR + 1.337%) |
| 213000 | 3.782 <sup>(a)</sup> | 02/01/28 | 200863 |
| (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) |
| 1064000 | 3.540 <sup>(a)</sup> | 05/01/28 | 989101 |
| (SOFR + 1.890%) | (SOFR + 1.890%) | (SOFR + 1.890%) | (SOFR + 1.890%) |
| 550000 | 2.182 <sup>(a)</sup> | 06/01/28 | 482569 |
| (3M USD LIBOR + 0.945%) | (3M USD LIBOR + 0.945%) | (3M USD LIBOR + 0.945%) | (3M USD LIBOR + 0.945%) |
| 992000 | 3.509 <sup>(a)</sup> | 01/23/29 | 908190 |
| (3M USD LIBOR + 1.120%) | (3M USD LIBOR + 1.120%) | (3M USD LIBOR + 1.120%) | (3M USD LIBOR + 1.120%) |
| 518000 | 4.005 <sup>(a)</sup> | 04/23/29 | 486929 |
| (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) |
| 450000 | 4.452 <sup>(a)</sup> | 12/05/29 | 428451 |
| (3M USD LIBOR + 1.160%) | (3M USD LIBOR + 1.160%) | (3M USD LIBOR + 1.160%) | (3M USD LIBOR + 1.160%) |
| 114000 | 3.702 <sup>(a)</sup> | 05/06/30 | 104292 |
| (SOFR + 1.510%) | (SOFR + 1.510%) | (SOFR + 1.510%) | (SOFR + 1.510%) |
| 692000 | 2.739 <sup>(a)</sup> | 10/15/30 | 588660 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) |
| (SOFR + 3.790%) | (SOFR + 3.790%) | (SOFR + 3.790%) | (SOFR + 3.790%) |
| 400000 | 4.493 %<sup>(a)</sup> | 03/24/31 | $380461 |
| (SOFR + 2.040%) | (SOFR + 2.040%) | (SOFR + 2.040%) | (SOFR + 2.040%) |
| 1130000 | 2.522 <sup>(a)</sup> | 04/22/31 | 937783 |
| (SOFR + 2.515%) | (SOFR + 2.515%) | (SOFR + 2.515%) | (SOFR + 2.515%) |
| 422000 | 2.956 <sup>(a)</sup> | 05/13/31 | 350569 |
| (3M U.S. T-Bill MMY + 1.105%) | (3M U.S. T-Bill MMY + 1.105%) | (3M U.S. T-Bill MMY + 1.105%) | (3M U.S. T-Bill MMY + 1.105%) |
| 80000 | 1.764 <sup>(a)</sup> | 11/19/31 | 61472 |
| (SOFR + 1.065%) | (SOFR + 1.065%) | (SOFR + 1.065%) | (SOFR + 1.065%) |
| 752000 | 1.953 <sup>(a)</sup> | 02/04/32 | 585905 |
| (SOFR + 1.250%) | (SOFR + 1.250%) | (SOFR + 1.250%) | (SOFR + 1.250%) |
| 1104000 | 2.580 <sup>(a)</sup> | 04/22/32 | 897201 |
| (SOFR + 1.180%) | (SOFR + 1.180%) | (SOFR + 1.180%) | (SOFR + 1.180%) |
| 1067000 | 2.545 <sup>(a)</sup> | 11/08/32 | 856487 |
| (SOFR + 1.260%) | (SOFR + 1.260%) | (SOFR + 1.260%) | (SOFR + 1.260%) |
| 600000 | 2.963 <sup>(a)</sup> | 01/25/33 | 490313 |
| 582000 | 6.400 | 05/15/38 | 645642 |
| (3M USD LIBOR + 1.360%) | (3M USD LIBOR + 1.360%) | (3M USD LIBOR + 1.360%) | (3M USD LIBOR + 1.360%) |
| 485000 | 3.882 <sup>(a)</sup> | 07/24/38 | 412010 |
| 147000 | 5.500 | 10/15/40 | 150783 |
| (SOFR + 2.460%) | (SOFR + 2.460%) | (SOFR + 2.460%) | (SOFR + 2.460%) |
| 80000 | 3.109 <sup>(a)</sup> | 04/22/41 | 59712 |
| 126000 | 5.600 | 07/15/41 | 128976 |
| 370000 | 5.400 | 01/06/42 | 373874 |
| (SOFR + 1.460%) | (SOFR + 1.460%) | (SOFR + 1.460%) | (SOFR + 1.460%) |
| 100000 | 3.157 <sup>(a)</sup> | 04/22/42 | 74099 |
| 10000 | 5.625 | 08/16/43 | 10230 |
| 480000 | 4.850 | 02/01/44 | 449827 |
| 230000 | 4.950 | 06/01/45 | 212552 |
| (3M USD LIBOR + 1.580%) | (3M USD LIBOR + 1.580%) | (3M USD LIBOR + 1.580%) | (3M USD LIBOR + 1.580%) |
| 534000 | 4.260 <sup>(a)</sup> | 02/22/48 | 454121 |
| (3M USD LIBOR + 1.460%) | (3M USD LIBOR + 1.460%) | (3M USD LIBOR + 1.460%) | (3M USD LIBOR + 1.460%) |
| 304000 | 4.032 <sup>(a)</sup> | 07/24/48 | 252264 |
| (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) |
| 706000 | 3.964 <sup>(a)</sup> | 11/15/48 | 571113 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) |
| (3M USD LIBOR + 1.220%) | (3M USD LIBOR + 1.220%) | (3M USD LIBOR + 1.220%) | (3M USD LIBOR + 1.220%) |
| 140000 | 3.897 %<sup>(a)</sup> | 01/23/49 | $113187 |
| (SOFR + 2.440%) | (SOFR + 2.440%) | (SOFR + 2.440%) | (SOFR + 2.440%) |
| 848000 | 3.109 <sup>(a)</sup> | 04/22/51 | 585908 |
| (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) |
| 570000 | 3.328 <sup>(a)</sup> | 04/22/52 | 412883 |
| KeyCorp, MTN | KeyCorp, MTN | KeyCorp, MTN | KeyCorp, MTN |
| 530000 | 2.250 | 04/06/27 | 471919 |
| 516000 | 4.100 | 04/30/28 | 491029 |
| 274000 | 2.550 | 10/01/29 | 232066 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | Morgan Stanley |
| 640000 | 5.000 | 11/24/25 | 637652 |
| (SOFR + 0.720%) | (SOFR + 0.720%) | (SOFR + 0.720%) | (SOFR + 0.720%) |
| 500000 | 0.985 <sup>(a)</sup> | 12/10/26 | 438819 |
| 328000 | 3.625 | 01/20/27 | 311872 |
| 562000 | 3.950 | 04/23/27 | 542057 |
| (SOFR + 1.000%) | (SOFR + 1.000%) | (SOFR + 1.000%) | (SOFR + 1.000%) |
| 500000 | 2.475 <sup>(a)</sup> | 01/21/28 | 445653 |
| (3M USD LIBOR + 1.340%) | (3M USD LIBOR + 1.340%) | (3M USD LIBOR + 1.340%) | (3M USD LIBOR + 1.340%) |
| 85000 | 3.591 <sup>(a)</sup> | 07/22/28 | 77764 |
| 120000 | 7.250 | 04/01/32 | 137559 |
| (3M USD LIBOR + 1.455%) | (3M USD LIBOR + 1.455%) | (3M USD LIBOR + 1.455%) | (3M USD LIBOR + 1.455%) |
| 68000 | 3.971 <sup>(a)</sup> | 07/22/38 | 57844 |
| (SOFR + 1.485%) | (SOFR + 1.485%) | (SOFR + 1.485%) | (SOFR + 1.485%) |
| 290000 | 3.217 <sup>(a)</sup> | 04/22/42 | 218641 |
| 758000 | 6.375 | 07/24/42 | 840691 |
| 528000 | 4.300 | 01/27/45 | 458951 |
| 340000 | 4.375 | 01/22/47 | 297705 |
| Morgan Stanley, Series F | Morgan Stanley, Series F | Morgan Stanley, Series F | Morgan Stanley, Series F |
| 885000 | 3.875 | 04/29/24 | 870570 |
| Morgan Stanley, GMTN | Morgan Stanley, GMTN | Morgan Stanley, GMTN | Morgan Stanley, GMTN |
| 125000 | 3.700 | 10/23/24 | 122029 |
| 427000 | 4.000 | 07/23/25 | 417767 |
| 610000 | 3.875 | 01/27/26 | 592285 |
| 554000 | 4.350 | 09/08/26 | 541220 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Morgan Stanley, GMTN – (continued) | Morgan Stanley, GMTN – (continued) | Morgan Stanley, GMTN – (continued) | Morgan Stanley, GMTN – (continued) |
| (3M USD LIBOR + 1.628%) | (3M USD LIBOR + 1.628%) | (3M USD LIBOR + 1.628%) | (3M USD LIBOR + 1.628%) |
| 960000 | 4.431 %<sup>(a)</sup> | 01/23/30 | $901084 |
| (SOFR + 1.143%) | (SOFR + 1.143%) | (SOFR + 1.143%) | (SOFR + 1.143%) |
| 1613000 | 2.699 <sup>(a)</sup> | 01/22/31 | 1355626 |
| (SOFR + 1.178%) | (SOFR + 1.178%) | (SOFR + 1.178%) | (SOFR + 1.178%) |
| 350000 | 2.239 <sup>(a)</sup> | 07/21/32 | 270134 |
| (SOFR + 4.840%) | (SOFR + 4.840%) | (SOFR + 4.840%) | (SOFR + 4.840%) |
| 379000 | 5.597 <sup>(a)</sup> | 03/24/51 | 394369 |
| Morgan Stanley<sup>(a)</sup>, Series I | Morgan Stanley<sup>(a)</sup>, Series I | Morgan Stanley<sup>(a)</sup>, Series I | Morgan Stanley<sup>(a)</sup>, Series I |
| (SOFR + 0.745%) | (SOFR + 0.745%) | (SOFR + 0.745%) | (SOFR + 0.745%) |
| 770000 | 0.864 | 10/21/25 | 703530 |
| Morgan Stanley, MTN | Morgan Stanley, MTN | Morgan Stanley, MTN | Morgan Stanley, MTN |
| (SOFR + 1.152%) | (SOFR + 1.152%) | (SOFR + 1.152%) | (SOFR + 1.152%) |
| 500000 | 2.720 <sup>(a)</sup> | 07/22/25 | 476835 |
| (SOFR + 0.560%) | (SOFR + 0.560%) | (SOFR + 0.560%) | (SOFR + 0.560%) |
| 576000 | 1.164 <sup>(a)</sup> | 10/21/25 | 526945 |
| 950000 | 3.125 | 07/27/26 | 889510 |
| (SOFR + 3.120%) | (SOFR + 3.120%) | (SOFR + 3.120%) | (SOFR + 3.120%) |
| 380000 | 3.622 <sup>(a)</sup> | 04/01/31 | 335360 |
| (SOFR + 1.034%) | (SOFR + 1.034%) | (SOFR + 1.034%) | (SOFR + 1.034%) |
| 841000 | 1.794 <sup>(a)</sup> | 02/13/32 | 636265 |
| (SOFR + 1.020%) | (SOFR + 1.020%) | (SOFR + 1.020%) | (SOFR + 1.020%) |
| 175000 | 1.928 <sup>(a)</sup> | 04/28/32 | 132913 |
| (SOFR + 1.200%) | (SOFR + 1.200%) | (SOFR + 1.200%) | (SOFR + 1.200%) |
| 500000 | 2.511 <sup>(a)</sup> | 10/20/32 | 394140 |
| (SOFR + 1.430%) | (SOFR + 1.430%) | (SOFR + 1.430%) | (SOFR + 1.430%) |
| 500000 | 2.802 <sup>(a)</sup> | 01/25/52 | 322061 |
| PNC Bank NA | PNC Bank NA | PNC Bank NA | PNC Bank NA |
| 860000 | 3.100 | 10/25/27 | 802133 |
| 260000 | 2.700 | 10/22/29 | 220423 |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) |
| 100000 | 3.900 | 04/29/24 | 98476 |
| 568000 | 2.600 | 07/23/26 | 528369 |
| 290000 | 3.150 | 05/19/27 | 268929 |
| 100000 | 3.450 | 04/23/29 | 91879 |
| 410000 | 2.550 | 01/22/30 | 349067 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| PNC Financial Services Group, Inc. (The) – (continued) | PNC Financial Services Group, Inc. (The) – (continued) | PNC Financial Services Group, Inc. (The) – (continued) | PNC Financial Services Group, Inc. (The) – (continued) |
| (SOFR + 0.979%) | (SOFR + 0.979%) | (SOFR + 0.979%) | (SOFR + 0.979%) |
| 500000 | 2.307 %<sup>(a)</sup> | 04/23/32 | $408781 |
| Santander Holdings USA, Inc. | Santander Holdings USA, Inc. | Santander Holdings USA, Inc. | Santander Holdings USA, Inc. |
| 1310000 | 3.500 | 06/07/24 | 1266531 |
| 500000 | 3.450 | 06/02/25 | 476682 |
| (SOFR + 1.249%) | (SOFR + 1.249%) | (SOFR + 1.249%) | (SOFR + 1.249%) |
| 504000 | 2.490 <sup>(a)</sup> | 01/06/28 | 438914 |
| State Street Corp. | State Street Corp. | State Street Corp. | State Street Corp. |
| 339000 | 3.700 | 11/20/23 | 334532 |
| 40000 | 3.550 | 08/18/25 | 38977 |
| 160000 | 2.650 | 05/19/26 | 151426 |
| 100000 | 2.200 | 03/03/31 | 81044 |
| Synchrony Financial | Synchrony Financial | Synchrony Financial | Synchrony Financial |
| 770000 | 4.250 | 08/15/24 | 752452 |
| 392000 | 4.500 | 07/23/25 | 374310 |
| 224000 | 3.950 | 12/01/27 | 200868 |
| Truist Bank | Truist Bank | Truist Bank | Truist Bank |
| 594000 | 3.200 | 04/01/24 | 580027 |
| 500000 | 1.500 | 03/10/25 | 462560 |
| 550000 | 2.250 | 03/11/30 | 446544 |
| Truist Financial Corp., MTN | Truist Financial Corp., MTN | Truist Financial Corp., MTN | Truist Financial Corp., MTN |
| 971000 | 3.750 | 12/06/23 | 959271 |
| 250000 | 2.500 | 08/01/24 | 239868 |
| 605000 | 2.850 | 10/26/24 | 581625 |
| 280000 | 3.700 | 06/05/25 | 272702 |
| 150000 | 1.200 | 08/05/25 | 135535 |
| (SOFR + 0.609%) | (SOFR + 0.609%) | (SOFR + 0.609%) | (SOFR + 0.609%) |
| 550000 | 1.267 <sup>(a)</sup> | 03/02/27 | 486366 |
| 750000 | 1.950 | 06/05/30 | 604914 |
| US Bancorp | US Bancorp | US Bancorp | US Bancorp |
| 80000 | 2.400 | 07/30/24 | 77165 |
| 250000 | 1.450 | 05/12/25 | 232083 |
| (US 5 Year CMT T-Note + 0.950%) | (US 5 Year CMT T-Note + 0.950%) | (US 5 Year CMT T-Note + 0.950%) | (US 5 Year CMT T-Note + 0.950%) |
| 300000 | 2.491 <sup>(a)</sup> | 11/03/36 | 232960 |
| US Bancorp, MTN | US Bancorp, MTN | US Bancorp, MTN | US Bancorp, MTN |
| 520000 | 3.700 | 01/30/24 | 513741 |
| 290000 | 3.600 | 09/11/24 | 285214 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| US Bancorp, MTN – (continued) | US Bancorp, MTN – (continued) | US Bancorp, MTN – (continued) | US Bancorp, MTN – (continued) |
| 325000 | 3.100% | 04/27/26 | $308701 |
| 755000 | 3.900 | 04/26/28 | 728020 |
| 387000 | 3.000 | 07/30/29 | 344016 |
| 300000 | 1.375 | 07/22/30 | 233582 |
| US Bancorp, Series V | US Bancorp, Series V | US Bancorp, Series V | US Bancorp, Series V |
| 100000 | 2.375 | 07/22/26 | 92567 |
| US Bancorp, Series X | US Bancorp, Series X | US Bancorp, Series X | US Bancorp, Series X |
| 535000 | 3.150 | 04/27/27 | 506749 |
| US Bank NA | US Bank NA | US Bank NA | US Bank NA |
| 550000 | 2.050 | 01/21/25 | 519484 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| 626000 | 3.000 | 04/22/26 | 589935 |
| (SOFR + 2.000%) | (SOFR + 2.000%) | (SOFR + 2.000%) | (SOFR + 2.000%) |
| 600000 | 2.188 <sup>(a)</sup> | 04/30/26 | 559361 |
| 1234000 | 3.000 | 10/23/26 | 1152652 |
| (SOFR + 2.530%) | (SOFR + 2.530%) | (SOFR + 2.530%) | (SOFR + 2.530%) |
| 1119000 | 3.068 <sup>(a)</sup> | 04/30/41 | 833088 |
| 550000 | 5.375 | 11/02/43 | 522250 |
| 492000 | 3.900 | 05/01/45 | 397002 |
| Wells Fargo & Co., GMTN | Wells Fargo & Co., GMTN | Wells Fargo & Co., GMTN | Wells Fargo & Co., GMTN |
| 250000 | 4.300 | 07/22/27 | 241020 |
| 404000 | 4.900 | 11/17/45 | 356049 |
| Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN |
| 990000 | 3.750 | 01/24/24 | 977020 |
| 50000 | 3.300 | 09/09/24 | 48741 |
| 460000 | 3.000 | 02/19/25 | 442946 |
| 272000 | 3.550 | 09/29/25 | 263507 |
| (SOFR + 1.087%) | (SOFR + 1.087%) | (SOFR + 1.087%) | (SOFR + 1.087%) |
| 500000 | 2.406 <sup>(a)</sup> | 10/30/25 | 472127 |
| (3M USD LIBOR + 0.750%) | (3M USD LIBOR + 0.750%) | (3M USD LIBOR + 0.750%) | (3M USD LIBOR + 0.750%) |
| 530000 | 2.164 <sup>(a)</sup> | 02/11/26 | 494557 |
| 250000 | 4.100 | 06/03/26 | 243189 |
| (3M USD LIBOR + 1.170%) | (3M USD LIBOR + 1.170%) | (3M USD LIBOR + 1.170%) | (3M USD LIBOR + 1.170%) |
| 320000 | 3.196 <sup>(a)</sup> | 06/17/27 | 298367 |
| (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) |
| 168000 | 3.584 <sup>(a)</sup> | 05/22/28 | 155481 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Wells Fargo & Co., MTN – (continued) | Wells Fargo & Co., MTN – (continued) | Wells Fargo & Co., MTN – (continued) | Wells Fargo & Co., MTN – (continued) |
| (SOFR + 2.100%) | (SOFR + 2.100%) | (SOFR + 2.100%) | (SOFR + 2.100%) |
| 955000 | 2.393 %<sup>(a)</sup> | 06/02/28 | $841697 |
| 775000 | 4.150 | 01/24/29 | 733254 |
| (3M U.S. T-Bill MMY + 1.432%) | (3M U.S. T-Bill MMY + 1.432%) | (3M U.S. T-Bill MMY + 1.432%) | (3M U.S. T-Bill MMY + 1.432%) |
| 1296000 | 2.879 <sup>(a)</sup> | 10/30/30 | 1120463 |
| (SOFR + 1.262%) | (SOFR + 1.262%) | (SOFR + 1.262%) | (SOFR + 1.262%) |
| 600000 | 2.572 <sup>(a)</sup> | 02/11/31 | 500998 |
| (SOFR + 4.032%) | (SOFR + 4.032%) | (SOFR + 4.032%) | (SOFR + 4.032%) |
| 200000 | 4.478 <sup>(a)</sup> | 04/04/31 | 190190 |
| (SOFR + 1.500%) | (SOFR + 1.500%) | (SOFR + 1.500%) | (SOFR + 1.500%) |
| 750000 | 3.350 <sup>(a)</sup> | 03/02/33 | 644127 |
| (SOFR + 2.100%) | (SOFR + 2.100%) | (SOFR + 2.100%) | (SOFR + 2.100%) |
| 100000 | 4.897 <sup>(a)</sup> | 07/25/33 | 96444 |
| 293000 | 4.400 | 06/14/46 | 240533 |
| 150000 | 4.750 | 12/07/46 | 130322 |
| (SOFR + 4.502%) | (SOFR + 4.502%) | (SOFR + 4.502%) | (SOFR + 4.502%) |
| 1192000 | 5.013 <sup>(a)</sup> | 04/04/51 | 1113966 |
| Wells Fargo Bank NA | Wells Fargo Bank NA | Wells Fargo Bank NA | Wells Fargo Bank NA |
| 400000 | 6.600 | 01/15/38 | 443435 |
|  |  |  | 100743604 |
| **Basic Industry – 0.6%** | **Basic Industry – 0.6%** | **Basic Industry – 0.6%** | **Basic Industry – 0.6%** |
| CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. |
| 220000 | 4.950 | 06/01/43 | 190300 |
| 375000 | 5.375 | 03/15/44 | 345585 |
| Dow Chemical Co. (The) | Dow Chemical Co. (The) | Dow Chemical Co. (The) | Dow Chemical Co. (The) |
| 440000 | 7.375 | 11/01/29 | 489810 |
| 200000 | 4.375 | 11/15/42 | 165883 |
| 150000 | 5.550 | 11/30/48 | 142519 |
| 200000 | 3.600 | 11/15/50 | 143141 |
| LYB International Finance BV | LYB International Finance BV | LYB International Finance BV | LYB International Finance BV |
| 753000 | 4.875 | 03/15/44 | 635204 |
| LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC |
| 240000 | 4.200 | 10/15/49 | 180256 |
| 350000 | 4.200 | 05/01/50 | 261807 |
| LyondellBasell Industries NV | LyondellBasell Industries NV | LyondellBasell Industries NV | LyondellBasell Industries NV |
| 200000 | 4.625 | 02/26/55 | 158029 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Basic Industry – (continued)** | **Basic Industry – (continued)** | **Basic Industry – (continued)** | **Basic Industry – (continued)** |
| Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) |
| 288000 | 3.450% | 06/01/27 | $270989 |
|  |  |  | 2983523 |
| **Broadcasting – 0.3%** | **Broadcasting – 0.3%** | **Broadcasting – 0.3%** | **Broadcasting – 0.3%** |
| Fox Corp. | Fox Corp. | Fox Corp. | Fox Corp. |
| 910000 | 4.030 | 01/25/24 | 896426 |
| 690000 | 4.709 | 01/25/29 | 665162 |
| 280000 | 5.476 | 01/25/39 | 258665 |
|  |  |  | 1820253 |
| **Brokerage – 0.6%** | **Brokerage – 0.6%** | **Brokerage – 0.6%** | **Brokerage – 0.6%** |
| BlackRock, Inc. | BlackRock, Inc. | BlackRock, Inc. | BlackRock, Inc. |
| 70000 | 3.500 | 03/18/24 | 68756 |
| 200000 | 2.400 | 04/30/30 | 172880 |
| 200000 | 1.900 | 01/28/31 | 163046 |
| 150000 | 2.100 | 02/25/32 | 121868 |
| Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. |
| 500000 | 2.100 | 06/15/30 | 414780 |
| 330000 | 1.850 | 09/15/32 | 254173 |
| 360000 | 4.600 | 03/15/33 | 349954 |
| 566000 | 3.000 | 06/15/50 | 395106 |
| 392000 | 4.950 | 06/15/52 | 377172 |
| 416000 | 3.000 | 09/15/60 | 273573 |
| Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. |
| 125000 | 4.150 | 01/23/30 | 110814 |
| 611000 | 2.625 | 10/15/31 | 462675 |
|  |  |  | 3164797 |
| **Capital Goods – 1.1%** | **Capital Goods – 1.1%** | **Capital Goods – 1.1%** | **Capital Goods – 1.1%** |
| Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. |
| 100000 | 0.950 | 02/15/24 | 94926 |
| 430000 | 1.570 | 01/15/26 | 384850 |
| Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. | Carrier Global Corp. |
| 40000 | 2.493 | 02/15/27 | 36306 |
| 565000 | 2.722 | 02/15/30 | 482563 |
| 307000 | 2.700 | 02/15/31 | 258541 |
| 438000 | 3.377 | 04/05/40 | 341541 |
| 250000 | 3.577 | 04/05/50 | 182879 |
| Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. |
| 155000 | 3.400 | 05/15/24 | 152583 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** |
| Caterpillar, Inc. – (continued) | Caterpillar, Inc. – (continued) | Caterpillar, Inc. – (continued) | Caterpillar, Inc. – (continued) |
| 40000 | 2.600% | 04/09/30 | $35034 |
| 80000 | 5.200 | 05/27/41 | 82840 |
| 88000 | 3.803 | 08/15/42 | 76452 |
| 246000 | 3.250 | 09/19/49 | 190558 |
| Deere & Co. | Deere & Co. | Deere & Co. | Deere & Co. |
| 266000 | 3.900 | 06/09/42 | 240334 |
| 190000 | 3.750 | 04/15/50 | 163887 |
| Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. |
| 180000 | 2.800 | 12/21/51 | 119740 |
| General Electric Co., MTN | General Electric Co., MTN | General Electric Co., MTN | General Electric Co., MTN |
| 135000 | 6.750 | 03/15/32 | 153187 |
| Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. |
| 112000 | 2.300 | 08/15/24 | 107931 |
| 865000 | 2.500 | 11/01/26 | 811261 |
| 80000 | 2.700 | 08/15/29 | 71840 |
| Illinois Tool Works, Inc. | Illinois Tool Works, Inc. | Illinois Tool Works, Inc. | Illinois Tool Works, Inc. |
| 321000 | 2.650 | 11/15/26 | 301706 |
| 290000 | 3.900 | 09/01/42 | 250434 |
| Otis Worldwide Corp. | Otis Worldwide Corp. | Otis Worldwide Corp. | Otis Worldwide Corp. |
| 404000 | 2.565 | 02/15/30 | 344747 |
| Republic Services, Inc. | Republic Services, Inc. | Republic Services, Inc. | Republic Services, Inc. |
| 390000 | 3.950 | 05/15/28 | 374004 |
| Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. |
| 326000 | 3.450 | 11/15/26 | 301292 |
| 340000 | 4.950 | 09/15/28 | 325547 |
|  |  |  | 5884983 |
| **Communications – 4.8%** | **Communications – 4.8%** | **Communications – 4.8%** | **Communications – 4.8%** |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital |
| 798000 | 4.908 | 07/23/25 | 786278 |
| 261000 | 3.750 | 02/15/28 | 238775 |
| 414000 | 4.200 | 03/15/28 | 384759 |
| 250000 | 2.250 | 01/15/29 | 204427 |
| 128000 | 5.050 | 03/30/29 | 122063 |
| 370000 | 2.800 | 04/01/31 | 293393 |
| 425000 | 6.384 | 10/23/35 | 418151 |
| 130000 | 5.375 | 04/01/38 | 112733 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** |
|  Charter Communications Operating LLC / Charter Communications Operating Capital – (continued) | Charter Communications Operating LLC / Charter Communications Operating Capital – (continued) | Charter Communications Operating LLC / Charter Communications Operating Capital – (continued) | Charter Communications Operating LLC / Charter Communications Operating Capital – (continued) | Charter Communications Operating LLC / Charter Communications Operating Capital – (continued) |
|  $ | 300000 | 3.500% | 06/01/41 | $203550 |
|  | 590000 | 6.484 | 10/23/45 | 560165 |
|  | 502000 | 5.375 | 05/01/47 | 414022 |
|  | 462000 | 5.750 | 04/01/48 | 399549 |
|  | 430000 | 5.125 | 07/01/49 | 341190 |
|  | 350000 | 4.800 | 03/01/50 | 263843 |
|  | 480000 | 3.700 | 04/01/51 | 307650 |
|  | 250000 | 3.900 | 06/01/52 | 165810 |
|  | 354000 | 3.850 | 04/01/61 | 220518 |
|  | 254000 | 4.400 | 12/01/61 | 172966 |
|  | 282000 | 3.950 | 06/30/62 | 177316 |
|  Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD |
|  | 548000 | 4.500 | 02/01/24 | 541311 |
|  Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
|  | 1156000 | 3.700 | 04/15/24 | 1138876 |
|  | 240000 | 3.375 | 02/15/25 | 233674 |
|  | 92000 | 3.375 | 08/15/25 | 89016 |
|  | 184000 | 3.150 | 03/01/26 | 175847 |
|  | 92000 | 3.300 | 02/01/27 | 87212 |
|  | 73000 | 3.150 | 02/15/28 | 67665 |
|  | 92000 | 3.550 | 05/01/28 | 86971 |
|  | 398000 | 4.150 | 10/15/28 | 385701 |
|  | 100000 | 2.650 | 02/01/30 | 87227 |
|  | 220000 | 3.400 | 04/01/30 | 201796 |
|  | 230000 | 4.250 | 10/15/30 | 221117 |
|  | 182000 | 1.950 | 01/15/31 | 147794 |
|  | 300000 | 1.500 | 02/15/31 | 236793 |
|  | 595000 | 4.250 | 01/15/33 | 565241 |
|  | 240000 | 7.050 | 03/15/33 | 277375 |
|  | 360000 | 4.200 | 08/15/34 | 334906 |
|  | 260000 | 3.200 | 07/15/36 | 211844 |
|  | 130000 | 3.900 | 03/01/38 | 113045 |
|  | 102000 | 4.600 | 10/15/38 | 96114 |
|  | 447000 | 3.250 | 11/01/39 | 355095 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** |
|  Comcast Corp. – (continued) | Comcast Corp. – (continued) | Comcast Corp. – (continued) | Comcast Corp. – (continued) | Comcast Corp. – (continued) |
|  $ | 92000 | 3.750% | 04/01/40 | $77174 |
|  | 233000 | 3.400 | 07/15/46 | 173408 |
|  | 156000 | 4.000 | 08/15/47 | 127812 |
|  | 395000 | 3.969 | 11/01/47 | 322037 |
|  | 225000 | 4.000 | 03/01/48 | 183920 |
|  | 486000 | 4.700 | 10/15/48 | 440044 |
|  | 305000 | 3.999 | 11/01/49 | 246148 |
|  | 600000 | 2.800 | 01/15/51 | 391161 |
|  | 400000 | 2.887 | 11/01/51 | 264011 |
|  | 184000 | 2.450 | 08/15/52 | 111820 |
|  | 384000 | 4.049 | 11/01/52 | 313789 |
|  | 280000 | 2.937 | 11/01/56 | 180533 |
|  | 439000 | 4.950 | 10/15/58 | 404280 |
|  | 400000 | 2.987 | 11/01/63 | 250401 |
|  Netflix, Inc. | Netflix, Inc. | Netflix, Inc. | Netflix, Inc. | Netflix, Inc. |
|  | 400000 | 5.875 | 02/15/25 | 405000 |
|  | 325000 | 4.375 | 11/15/26 | 316062 |
|  | 690000 | 5.875 | 11/15/28 | 699488 |
|  | 227000 | 6.375 | 05/15/29 | 234945 |
|  Omnicom Group, Inc. | Omnicom Group, Inc. | Omnicom Group, Inc. | Omnicom Group, Inc. | Omnicom Group, Inc. |
|  | 125000 | 2.600 | 08/01/31 | 103519 |
|  Omnicom Group, Inc. / Omnicom Capital, Inc. | Omnicom Group, Inc. / Omnicom Capital, Inc. | Omnicom Group, Inc. / Omnicom Capital, Inc. | Omnicom Group, Inc. / Omnicom Capital, Inc. | Omnicom Group, Inc. / Omnicom Capital, Inc. |
|  | 362000 | 3.650 | 11/01/24 | 352773 |
|  | 850000 | 3.600 | 04/15/26 | 820465 |
|  Paramount Global | Paramount Global | Paramount Global | Paramount Global | Paramount Global |
|  | 120000 | 7.875 | 07/30/30 | 129809 |
|  | 251000 | 4.950 | 01/15/31 | 226756 |
|  | 360000 | 4.200 | 05/19/32 | 299628 |
|  | 250000 | 6.875 | 04/30/36 | 248220 |
|  | 441000 | 5.850 | 09/01/43 | 372887 |
|  | 200000 | 4.950 | 05/19/50 | 148863 |
|  Time Warner Cable Enterprises LLC | Time Warner Cable Enterprises LLC | Time Warner Cable Enterprises LLC | Time Warner Cable Enterprises LLC | Time Warner Cable Enterprises LLC |
|  | 216000 | 8.375 | 07/15/33 | 241946 |
|  Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
|  | 70000 | 6.550 | 05/01/37 | 67360 |
|  | 304000 | 7.300 | 07/01/38 | 311540 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** |
|  Time Warner Cable LLC – (continued) | Time Warner Cable LLC – (continued) | Time Warner Cable LLC – (continued) | Time Warner Cable LLC – (continued) | Time Warner Cable LLC – (continued) |
|  $ | 322000 | 6.750% | 06/15/39 | $314037 |
|  | 180000 | 5.875 | 11/15/40 | 160506 |
|  | 381000 | 5.500 | 09/01/41 | 324508 |
|  TWDC Enterprises 18 Corp., GMTN | TWDC Enterprises 18 Corp., GMTN | TWDC Enterprises 18 Corp., GMTN | TWDC Enterprises 18 Corp., GMTN | TWDC Enterprises 18 Corp., GMTN |
|  | 190000 | 4.125 | 06/01/44 | 166499 |
|  TWDC Enterprises 18 Corp., MTN | TWDC Enterprises 18 Corp., MTN | TWDC Enterprises 18 Corp., MTN | TWDC Enterprises 18 Corp., MTN | TWDC Enterprises 18 Corp., MTN |
|  | 705000 | 1.850 | 07/30/26 | 642044 |
|  | 202000 | 2.950 | 06/15/27 | 189566 |
|  Walt Disney Co. (The) | Walt Disney Co. (The) | Walt Disney Co. (The) | Walt Disney Co. (The) | Walt Disney Co. (The) |
|  | 632000 | 1.750 | 08/30/24 | 600961 |
|  | 202000 | 2.200 | 01/13/28 | 180161 |
|  | 330000 | 2.000 | 09/01/29 | 279457 |
|  | 498000 | 3.800 | 03/22/30 | 469003 |
|  | 1180000 | 2.650 | 01/13/31 | 1016260 |
|  | 75000 | 6.400 | 12/15/35 | 83480 |
|  | 100000 | 6.650 | 11/15/37 | 114827 |
|  | 250000 | 4.625 | 03/23/40 | 238384 |
|  | 300000 | 2.750 | 09/01/49 | 205159 |
|  | 270000 | 4.700 | 03/23/50 | 254390 |
|  | 383000 | 3.800 | 05/13/60 | 303686 |
|  |  |  |  | 25450505 |
|  **Consumer Cyclical – 6.7%** | **Consumer Cyclical – 6.7%** | **Consumer Cyclical – 6.7%** | **Consumer Cyclical – 6.7%** | **Consumer Cyclical – 6.7%** |
|  Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
|  | 250000 | 2.730 | 04/13/24 | 243714 |
|  | 732000 | 0.450 | 05/12/24 | 689507 |
|  | 212000 | 2.800 | 08/22/24 | 205551 |
|  | 179000 | 3.800 | 12/05/24 | 176637 |
|  | 70000 | 0.800 | 06/03/25 | 64153 |
|  | 18000 | 5.200 | 12/03/25 | 18440 |
|  | 200000 | 1.200 | 06/03/27 | 174566 |
|  | 780000 | 3.150 | 08/22/27 | 740240 |
|  | 575000 | 1.500 | 06/03/30 | 465689 |
|  | 600000 | 3.600 | 04/13/32 | 559935 |
|  | 420000 | 4.800 | 12/05/34 | 425260 |
|  | 715000 | 3.875 | 08/22/37 | 643411 |
|  | 400000 | 2.875 | 05/12/41 | 305047 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
|  Amazon.com, Inc. – (continued) | Amazon.com, Inc. – (continued) | Amazon.com, Inc. – (continued) | Amazon.com, Inc. – (continued) | Amazon.com, Inc. – (continued) |
|  $ | 284000 | 4.950% | 12/05/44 | $285770 |
|  | 731000 | 4.050 | 08/22/47 | 638441 |
|  | 444000 | 2.500 | 06/03/50 | 289463 |
|  | 836000 | 3.100 | 05/12/51 | 614366 |
|  | 482000 | 4.250 | 08/22/57 | 425260 |
|  | 400000 | 2.700 | 06/03/60 | 251379 |
|  | 400000 | 3.250 | 05/12/61 | 285486 |
|  American Honda Finance Corp., MTN | American Honda Finance Corp., MTN | American Honda Finance Corp., MTN | American Honda Finance Corp., MTN | American Honda Finance Corp., MTN |
|  | 430000 | 2.150 | 09/10/24 | 410077 |
|  | 40000 | 1.200 | 07/08/25 | 36500 |
|  Aptiv PLC / Aptiv Corp. | Aptiv PLC / Aptiv Corp. | Aptiv PLC / Aptiv Corp. | Aptiv PLC / Aptiv Corp. | Aptiv PLC / Aptiv Corp. |
|  | 466000 | 4.150 | 05/01/52 | 353588 |
|  Costco Wholesale Corp. | Costco Wholesale Corp. | Costco Wholesale Corp. | Costco Wholesale Corp. | Costco Wholesale Corp. |
|  | 232000 | 3.000 | 05/18/27 | 221454 |
|  | 200000 | 1.375 | 06/20/27 | 176648 |
|  | 100000 | 1.600 | 04/20/30 | 82855 |
|  | 876000 | 1.750 | 04/20/32 | 701218 |
|  Dollar Tree, Inc. | Dollar Tree, Inc. | Dollar Tree, Inc. | Dollar Tree, Inc. | Dollar Tree, Inc. |
|  | 665000 | 4.000 | 05/15/25 | 652514 |
|  | 236000 | 4.200 | 05/15/28 | 225737 |
|  Expedia Group, Inc. | Expedia Group, Inc. | Expedia Group, Inc. | Expedia Group, Inc. | Expedia Group, Inc. |
|  | 324000 | 2.950 | 03/15/31 | 263837 |
|  Home Depot, Inc. (The) | Home Depot, Inc. (The) | Home Depot, Inc. (The) | Home Depot, Inc. (The) | Home Depot, Inc. (The) |
|  | 220000 | 3.350 | 09/15/25 | 213701 |
|  | 556000 | 3.000 | 04/01/26 | 533105 |
|  | 244000 | 3.900 | 12/06/28 | 236517 |
|  | 390000 | 2.950 | 06/15/29 | 356683 |
|  | 400000 | 1.375 | 03/15/31 | 313518 |
|  | 400000 | 1.875 | 09/15/31 | 323452 |
|  | 680000 | 5.875 | 12/16/36 | 733339 |
|  | 460000 | 3.300 | 04/15/40 | 374772 |
|  | 150000 | 4.875 | 02/15/44 | 144921 |
|  | 130000 | 4.400 | 03/15/45 | 117665 |
|  | 300000 | 4.250 | 04/01/46 | 265107 |
|  | 300000 | 4.500 | 12/06/48 | 277555 |
|  | 300000 | 3.125 | 12/15/49 | 219273 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| Home Depot, Inc. (The) – (continued) | Home Depot, Inc. (The) – (continued) | Home Depot, Inc. (The) – (continued) | Home Depot, Inc. (The) – (continued) |
| 300000 | 3.350% | 04/15/50 | $227613 |
| 826000 | 2.375 | 03/15/51 | 516312 |
| 300000 | 3.500 | 09/15/56 | 227660 |
| Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. |
| 116000 | 3.200 | 08/08/24 | 110829 |
| 190000 | 3.500 | 08/18/26 | 172412 |
| 170000 | 3.900 | 08/08/29 | 146014 |
| Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. |
| 300000 | 3.375 | 09/15/25 | 290026 |
| 300000 | 3.650 | 04/05/29 | 280765 |
| 1678000 | 4.500 | 04/15/30 | 1638934 |
| 1026000 | 1.700 | 10/15/30 | 815558 |
| 568000 | 4.050 | 05/03/47 | 458882 |
| Marriott International, Inc., Series FF | Marriott International, Inc., Series FF | Marriott International, Inc., Series FF | Marriott International, Inc., Series FF |
| 340000 | 4.625 | 06/15/30 | 320550 |
| Marriott International, Inc., Series GG | Marriott International, Inc., Series GG | Marriott International, Inc., Series GG | Marriott International, Inc., Series GG |
| 300000 | 3.500 | 10/15/32 | 252964 |
| Marriott International, Inc., Series R | Marriott International, Inc., Series R | Marriott International, Inc., Series R | Marriott International, Inc., Series R |
| 200000 | 3.125 | 06/15/26 | 187247 |
| Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. |
| 90000 | 2.000 | 03/03/25 | 85705 |
| 143000 | 2.950 | 11/21/26 | 137461 |
| 144000 | 3.300 | 03/26/27 | 138674 |
| 132000 | 2.950 | 06/01/29 | 121259 |
| 240000 | 3.350 | 03/26/30 | 223934 |
| 162000 | 3.650 | 06/01/49 | 136179 |
| 300000 | 3.850 | 03/26/50 | 261247 |
| McDonald's Corp., MTN | McDonald's Corp., MTN | McDonald's Corp., MTN | McDonald's Corp., MTN |
| 370000 | 3.700 | 01/30/26 | 363305 |
| 304000 | 3.500 | 03/01/27 | 293043 |
| 350000 | 3.800 | 04/01/28 | 338162 |
| 100000 | 2.625 | 09/01/29 | 88591 |
| 282000 | 2.125 | 03/01/30 | 240073 |
| 150000 | 3.600 | 07/01/30 | 140228 |
| 741000 | 4.700 | 12/09/35 | 719055 |
| 150000 | 4.875 | 12/09/45 | 141687 |
| 296000 | 4.450 | 09/01/48 | 263894 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| McDonald's Corp., MTN – (continued) | McDonald's Corp., MTN – (continued) | McDonald's Corp., MTN – (continued) | McDonald's Corp., MTN – (continued) |
| 122000 | 4.200% | 04/01/50 | $104657 |
| NIKE, Inc. | NIKE, Inc. | NIKE, Inc. | NIKE, Inc. |
| 80000 | 2.400 | 03/27/25 | 76532 |
| 115000 | 2.375 | 11/01/26 | 106960 |
| 300000 | 2.850 | 03/27/30 | 269576 |
| 250000 | 3.250 | 03/27/40 | 204787 |
| 140000 | 3.875 | 11/01/45 | 122533 |
| 340000 | 3.375 | 03/27/50 | 269583 |
| Starbucks Corp. | Starbucks Corp. | Starbucks Corp. | Starbucks Corp. |
| 100000 | 3.850 | 10/01/23 | 99033 |
| 2012000 | 3.800 | 08/15/25 | 1985769 |
| 100000 | 4.000 | 11/15/28 | 96640 |
| 300000 | 3.000 | 02/14/32 | 261864 |
| 358000 | 4.450 | 08/15/49 | 314291 |
| 290000 | 3.500 | 11/15/50 | 218049 |
| Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. |
| 200000 | 3.050 | 03/22/27 | 187343 |
| Toyota Motor Credit Corp., GMTN | Toyota Motor Credit Corp., GMTN | Toyota Motor Credit Corp., GMTN | Toyota Motor Credit Corp., GMTN |
| 198000 | 3.450 | 09/20/23 | 195711 |
| Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN |
| 20000 | 1.800 | 02/13/25 | 18855 |
| 1428000 | 1.900 | 01/13/27 | 1280136 |
| 535000 | 2.150 | 02/13/30 | 456606 |
| 487000 | 3.375 | 04/01/30 | 445361 |
| Visa, Inc. | Visa, Inc. | Visa, Inc. | Visa, Inc. |
| 536000 | 3.150 | 12/14/25 | 516935 |
| 100000 | 1.900 | 04/15/27 | 90869 |
| 55000 | 2.750 | 09/15/27 | 51742 |
| 289000 | 2.050 | 04/15/30 | 249926 |
| 480000 | 4.150 | 12/14/35 | 461058 |
| 300000 | 2.700 | 04/15/40 | 238173 |
| 729000 | 4.300 | 12/14/45 | 683920 |
| 40000 | 3.650 | 09/15/47 | 34195 |
| 200000 | 2.000 | 08/15/50 | 125782 |
| Walmart, Inc. | Walmart, Inc. | Walmart, Inc. | Walmart, Inc. |
| 526000 | 3.700 | 06/26/28 | 513552 |
| 250000 | 1.800 | 09/22/31 | 206590 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
|  Walmart, Inc. – (continued) | Walmart, Inc. – (continued) | Walmart, Inc. – (continued) | Walmart, Inc. – (continued) | Walmart, Inc. – (continued) |
|  $ | 515000 | 5.250% | 09/01/35 | $549543 |
|  | 375000 | 6.500 | 08/15/37 | 450172 |
|  | 528000 | 4.050 | 06/29/48 | 480483 |
|  | 400000 | 2.650 | 09/22/51 | 282919 |
|  |  |  |  | 35724759 |
|  **Consumer Noncyclical – 7.7%** | **Consumer Noncyclical – 7.7%** | **Consumer Noncyclical – 7.7%** | **Consumer Noncyclical – 7.7%** | **Consumer Noncyclical – 7.7%** |
|  Abbott Laboratories | Abbott Laboratories | Abbott Laboratories | Abbott Laboratories | Abbott Laboratories |
|  | 198000 | 3.400 | 11/30/23 | 195172 |
|  | 363000 | 2.950 | 03/15/25 | 351287 |
|  | 68000 | 3.750 | 11/30/26 | 67056 |
|  | 138000 | 4.750 | 11/30/36 | 138619 |
|  | 540000 | 4.900 | 11/30/46 | 544639 |
|  AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
|  | 1282000 | 2.600 | 11/21/24 | 1227825 |
|  | 1452000 | 3.800 | 03/15/25 | 1420777 |
|  | 1732000 | 3.600 | 05/14/25 | 1685370 |
|  | 330000 | 3.200 | 05/14/26 | 314019 |
|  | 625000 | 3.200 | 11/21/29 | 574023 |
|  | 425000 | 4.550 | 03/15/35 | 403890 |
|  | 1006000 | 4.050 | 11/21/39 | 883025 |
|  | 300000 | 4.850 | 06/15/44 | 279710 |
|  | 379000 | 4.750 | 03/15/45 | 349842 |
|  | 500000 | 4.700 | 05/14/45 | 458846 |
|  | 304000 | 4.450 | 05/14/46 | 268818 |
|  | 320000 | 4.875 | 11/14/48 | 300751 |
|  | 950000 | 4.250 | 11/21/49 | 816190 |
|  Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
|  | 80000 | 4.000 | 01/31/24 | 78756 |
|  | 800000 | 2.350 | 05/06/25 | 753656 |
|  | 780000 | 4.800 | 02/14/29 | 750700 |
|  | 70000 | 2.450 | 02/04/32 | 53163 |
|  | 100000 | 5.800 | 02/14/39 | 93373 |
|  | 270000 | 3.400 | 02/04/41 | 184744 |
|  | 220000 | 4.250 | 08/09/42 | 164981 |
|  | 310000 | 5.375 | 01/31/44 | 274701 |
|  | 393000 | 3.875 | 09/16/46 | 268123 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| Altria Group, Inc. – (continued) | Altria Group, Inc. – (continued) | Altria Group, Inc. – (continued) | Altria Group, Inc. – (continued) |
| 360000 | 5.950% | 02/14/49 | $323585 |
| 70000 | 3.700 | 02/04/51 | 45546 |
| 150000 | 4.000 | 02/04/61 | 100075 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 500000 | 2.200 | 02/21/27 | 455642 |
| 300000 | 3.150 | 02/21/40 | 231561 |
| 610000 | 4.563 | 06/15/48 | 542616 |
| 712000 | 3.375 | 02/21/50 | 521502 |
| 900000 | 4.663 | 06/15/51 | 799960 |
| 334000 | 2.770 | 09/01/53 | 208161 |
| 480000 | 4.400 | 02/22/62 | 394532 |
| Biogen, Inc. | Biogen, Inc. | Biogen, Inc. | Biogen, Inc. |
| 372000 | 5.200 | 09/15/45 | 352315 |
| Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. |
| 1922000 | 0.750 | 11/13/25 | 1731765 |
| 430000 | 4.550 | 02/20/48 | 402168 |
| 810000 | 4.250 | 10/26/49 | 725705 |
| 600000 | 2.550 | 11/13/50 | 396107 |
| 500000 | 3.700 | 03/15/52 | 406140 |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 1180000 | 4.250 | 12/15/27 | 1100350 |
| 1000000 | 4.625 | 12/15/29 | 925000 |
| 550000 | 3.000 | 10/15/30 | 451000 |
| 698000 | 2.500 | 03/01/31 | 553216 |
| Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. |
| 190000 | 3.950 | 03/15/49 | 172044 |
| 300000 | 2.250 | 05/15/50 | 197278 |
| 92000 | 2.500 | 09/15/60 | 58070 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 420000 | 3.700 | 04/01/24 | 412872 |
| 500000 | 2.950 | 03/01/27 | 466785 |
| 500000 | 4.000 | 09/01/36 | 445766 |
| 100000 | 4.150 | 03/01/47 | 84673 |
| 500000 | 2.800 | 10/01/50 | 332530 |
| Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson |
| 110200 | 2.625 | 01/15/25 | 106491 |
| 100000 | 0.550 | 09/01/25 | 90920 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
|  Johnson & Johnson – (continued) | Johnson & Johnson – (continued) | Johnson & Johnson – (continued) | Johnson & Johnson – (continued) | Johnson & Johnson – (continued) |
|  $ | 98000 | 2.450% | 03/01/26 | $93050 |
|  | 83000 | 2.950 | 03/03/27 | 79321 |
|  | 212000 | 0.950 | 09/01/27 | 184344 |
|  | 250000 | 2.900 | 01/15/28 | 237397 |
|  | 50000 | 1.300 | 09/01/30 | 41098 |
|  | 190000 | 4.375 | 12/05/33 | 189404 |
|  | 495000 | 3.550 | 03/01/36 | 448128 |
|  | 372000 | 3.625 | 03/03/37 | 334121 |
|  | 250000 | 5.950 | 08/15/37 | 282483 |
|  | 245000 | 3.400 | 01/15/38 | 212919 |
|  | 46000 | 2.100 | 09/01/40 | 32450 |
|  | 208000 | 3.700 | 03/01/46 | 179210 |
|  | 218000 | 3.750 | 03/03/47 | 188229 |
|  | 125000 | 2.450 | 09/01/60 | 80663 |
|  Medtronic, Inc. | Medtronic, Inc. | Medtronic, Inc. | Medtronic, Inc. | Medtronic, Inc. |
|  | 580000 | 4.375 | 03/15/35 | 556852 |
|  | 385000 | 4.625 | 03/15/45 | 364806 |
|  Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. |
|  | 128000 | 2.750 | 02/10/25 | 123351 |
|  | 102000 | 0.750 | 02/24/26 | 91551 |
|  | 240000 | 3.400 | 03/07/29 | 226402 |
|  | 500000 | 2.150 | 12/10/31 | 415842 |
|  | 100000 | 3.900 | 03/07/39 | 89600 |
|  | 250000 | 4.150 | 05/18/43 | 224734 |
|  | 540000 | 3.700 | 02/10/45 | 455756 |
|  | 300000 | 4.000 | 03/07/49 | 263985 |
|  | 960000 | 2.450 | 06/24/50 | 632042 |
|  Mylan, Inc. | Mylan, Inc. | Mylan, Inc. | Mylan, Inc. | Mylan, Inc. |
|  | 195000 | 4.550 | 04/15/28 | 185103 |
|  | 200000 | 5.200 | 04/15/48 | 156545 |
|  Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. |
|  | 391000 | 3.200 | 09/15/23 | 386399 |
|  | 100000 | 2.950 | 03/15/24 | 98152 |
|  | 50000 | 3.400 | 05/15/24 | 49186 |
|  | 92000 | 0.800 | 05/28/25 | 85088 |
|  | 276000 | 3.450 | 03/15/29 | 261873 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| Pfizer, Inc. – (continued) | Pfizer, Inc. – (continued) | Pfizer, Inc. – (continued) | Pfizer, Inc. – (continued) |
| 398000 | 2.625% | 04/01/30 | $354613 |
| 400000 | 3.900 | 03/15/39 | 359131 |
| 100000 | 7.200 | 03/15/39 | 124091 |
| 260000 | 2.550 | 05/28/40 | 193730 |
| 100000 | 4.300 | 06/15/43 | 94880 |
| 110000 | 4.400 | 05/15/44 | 103909 |
| 300000 | 4.125 | 12/15/46 | 270105 |
| 352000 | 4.200 | 09/15/48 | 324135 |
| 100000 | 4.000 | 03/15/49 | 88609 |
| 594000 | 2.700 | 05/28/50 | 424803 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| 50000 | 3.250 | 11/10/24 | 48385 |
| 690000 | 3.375 | 08/11/25 | 662234 |
| 394000 | 2.750 | 02/25/26 | 369777 |
| 200000 | 2.100 | 05/01/30 | 161630 |
| 274000 | 6.375 | 05/16/38 | 285042 |
| 200000 | 4.375 | 11/15/41 | 162170 |
| 110000 | 3.875 | 08/21/42 | 82965 |
| 241000 | 4.125 | 03/04/43 | 187552 |
| 150000 | 4.875 | 11/15/43 | 129649 |
| 145000 | 4.250 | 11/10/44 | 115304 |
| Regeneron Pharmaceuticals, Inc. | Regeneron Pharmaceuticals, Inc. | Regeneron Pharmaceuticals, Inc. | Regeneron Pharmaceuticals, Inc. |
| 346000 | 2.800 | 09/15/50 | 221485 |
| Stryker Corp. | Stryker Corp. | Stryker Corp. | Stryker Corp. |
| 220000 | 4.625 | 03/15/46 | 199969 |
| Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. |
| 640000 | 3.950 | 06/15/26 | 600058 |
| 200000 | 5.250 | 06/15/46 | 153500 |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| 423000 | 4.000 | 06/22/50 | 275593 |
| Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. |
| 474000 | 3.800 | 11/18/24 | 465618 |
| 450000 | 3.450 | 06/01/26 | 431667 |
| 106000 | 4.800 | 11/18/44 | 91556 |
| 50000 | 4.100 | 04/15/50 | 37724 |
| Wyeth LLC | Wyeth LLC | Wyeth LLC | Wyeth LLC |
| 388000 | 6.500 | 02/01/34 | 436551 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| Wyeth LLC – (continued) | Wyeth LLC – (continued) | Wyeth LLC – (continued) | Wyeth LLC – (continued) |
| 100000 | 5.950% | 04/01/37 | $109755 |
| Zoetis, Inc. | Zoetis, Inc. | Zoetis, Inc. | Zoetis, Inc. |
| 158000 | 3.000 | 09/12/27 | 145763 |
| 410000 | 4.700 | 02/01/43 | 382615 |
|  |  |  | 41281083 |
| **Consumer Products – 0.3%** | **Consumer Products – 0.3%** | **Consumer Products – 0.3%** | **Consumer Products – 0.3%** |
| Procter & Gamble Co. (The) | Procter & Gamble Co. (The) | Procter & Gamble Co. (The) | Procter & Gamble Co. (The) |
| 80000 | 0.550 | 10/29/25 | 71991 |
| 50000 | 2.450 | 11/03/26 | 46806 |
| 214000 | 1.900 | 02/01/27 | 195683 |
| 250000 | 2.850 | 08/11/27 | 235328 |
| 300000 | 3.000 | 03/25/30 | 275547 |
| 500000 | 1.200 | 10/29/30 | 396591 |
| 300000 | 1.950 | 04/23/31 | 252459 |
| 110000 | 2.300 | 02/01/32 | 94084 |
|  |  |  | 1568489 |
| **Electric – 2.5%** | **Electric – 2.5%** | **Electric – 2.5%** | **Electric – 2.5%** |
| Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. |
| 150000 | 4.625 | 12/01/54 | 129855 |
| 134000 | 3.600 | 06/15/61 | 98398 |
| Consolidated Edison Co. of New York, Inc., Series 20B | Consolidated Edison Co. of New York, Inc., Series 20B | Consolidated Edison Co. of New York, Inc., Series 20B | Consolidated Edison Co. of New York, Inc., Series 20B |
| 400000 | 3.950 | 04/01/50 | 326251 |
| Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC |
| 345000 | 3.200 | 08/15/49 | 247748 |
| Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. |
| 372000 | 3.750 | 04/15/24 | 367996 |
| 390000 | 2.650 | 09/01/26 | 363370 |
| 100000 | 2.450 | 06/01/30 | 83281 |
| 504000 | 3.750 | 09/01/46 | 377441 |
| 350000 | 3.500 | 06/15/51 | 250540 |
| Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC |
| 300000 | 6.400 | 06/15/38 | 331500 |
| Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC |
| 330000 | 4.000 | 03/15/33 | 300991 |
| 242000 | 4.200 | 09/01/48 | 203231 |
| Exelon Corp. | Exelon Corp. | Exelon Corp. | Exelon Corp. |
| 92000 | 4.050 | 04/15/30 | 86781 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** |
| Exelon Corp. – (continued) | Exelon Corp. – (continued) | Exelon Corp. – (continued) | Exelon Corp. – (continued) |
| 288000 | 4.700% | 04/15/50 | $255221 |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| 50000 | 3.950 | 03/01/48 | 41671 |
| 352000 | 3.150 | 10/01/49 | 259545 |
| Georgia Power Co., Series A | Georgia Power Co., Series A | Georgia Power Co., Series A | Georgia Power Co., Series A |
| 436000 | 3.250 | 03/15/51 | 310980 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| 1060000 | 2.250 | 06/01/30 | 879702 |
| 500000 | 2.440 | 01/15/32 | 406833 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 100000 | 0.950 | 08/15/25 | 89950 |
| 192000 | 3.600 | 05/01/30 | 172544 |
| 1046000 | 1.700 | 02/15/31 | 806280 |
| 376000 | 4.375 | 05/15/47 | 317817 |
| 68000 | 3.950 | 03/30/48 | 53673 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 50000 | 3.450 | 07/01/25 | 47161 |
| 421000 | 2.100 | 08/01/27 | 358038 |
| 650000 | 3.300 | 12/01/27 | 569618 |
| 70000 | 3.750 | 07/01/28 | 61647 |
| 600000 | 4.550 | 07/01/30 | 550233 |
| 512000 | 3.300 | 08/01/40 | 357403 |
| 340000 | 3.950 | 12/01/47 | 238521 |
| 100000 | 4.950 | 07/01/50 | 80107 |
| 400000 | 3.500 | 08/01/50 | 260377 |
| Sempra Energy | Sempra Energy | Sempra Energy | Sempra Energy |
| 548000 | 3.250 | 06/15/27 | 507251 |
| 250000 | 3.400 | 02/01/28 | 232822 |
| 300000 | 6.000 | 10/15/39 | 304703 |
| 240000 | 4.000 | 02/01/48 | 184905 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| 437000 | 4.000 | 04/01/47 | 341298 |
| 318000 | 3.650 | 02/01/50 | 238189 |
| Southern California Edison Co., Series 20A | Southern California Edison Co., Series 20A | Southern California Edison Co., Series 20A | Southern California Edison Co., Series 20A |
| 220000 | 2.950 | 02/01/51 | 145333 |
| Southern California Edison Co., Series C | Southern California Edison Co., Series C | Southern California Edison Co., Series C | Southern California Edison Co., Series C |
| 200000 | 4.125 | 03/01/48 | 160544 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 970000 | 3.250% | 07/01/26 | $922267 |
| 430000 | 4.400 | 07/01/46 | 363700 |
| Southern Co. (The)<sup>(a)</sup>, Series B<br> (US 5 Year CMT T-Note + 3.733%) | Southern Co. (The)<sup>(a)</sup>, Series B<br> (US 5 Year CMT T-Note + 3.733%) | Southern Co. (The)<sup>(a)</sup>, Series B<br> (US 5 Year CMT T-Note + 3.733%) | Southern Co. (The)<sup>(a)</sup>, Series B<br> (US 5 Year CMT T-Note + 3.733%) |
| 300000 | 4.000 | 01/15/51 | 269625 |
| Virginia Electric and Power Co. | Virginia Electric and Power Co. | Virginia Electric and Power Co. | Virginia Electric and Power Co. |
| 762000 | 2.450 | 12/15/50 | 463327 |
|  |  |  | 13418668 |
| **Energy – 7.2%** | **Energy – 7.2%** | **Energy – 7.2%** | **Energy – 7.2%** |
| Baker Hughes Holdings LLC | Baker Hughes Holdings LLC | Baker Hughes Holdings LLC | Baker Hughes Holdings LLC |
| 50000 | 5.125 | 09/15/40 | 47006 |
| Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. |
| 240000 | 3.337 | 12/15/27 | 224497 |
| 200000 | 4.080 | 12/15/47 | 159229 |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 150000 | 3.119 | 05/04/26 | 143455 |
| 1842000 | 3.017 | 01/16/27 | 1733291 |
| 230000 | 1.749 | 08/10/30 | 185704 |
| 700000 | 2.721 | 01/12/32 | 594926 |
| 804000 | 2.772 | 11/10/50 | 533056 |
| 762000 | 2.939 | 06/04/51 | 521100 |
| Cheniere Corpus Christi Holdings LLC | Cheniere Corpus Christi Holdings LLC | Cheniere Corpus Christi Holdings LLC | Cheniere Corpus Christi Holdings LLC |
| 500000 | 7.000 | 06/30/24 | 506375 |
| 367000 | 5.875 | 03/31/25 | 369698 |
| 1196000 | 5.125 | 06/30/27 | 1191515 |
| Chevron Corp. | Chevron Corp. | Chevron Corp. | Chevron Corp. |
| 200000 | 1.554 | 05/11/25 | 186991 |
| 110000 | 3.326 | 11/17/25 | 107209 |
| 255000 | 1.995 | 05/11/27 | 230992 |
| 330000 | 2.236 | 05/11/30 | 285094 |
| 352000 | 3.078 | 05/11/50 | 262724 |
| Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. |
| 174000 | 0.687 | 08/12/25 | 157765 |
| ConocoPhillips | ConocoPhillips | ConocoPhillips | ConocoPhillips |
| 410000 | 6.500 | 02/01/39 | 469619 |
| ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. |
| 100000 | 6.950 | 04/15/29 | 112001 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
|  ConocoPhillips Co. – (continued) | ConocoPhillips Co. – (continued) | ConocoPhillips Co. – (continued) | ConocoPhillips Co. – (continued) | ConocoPhillips Co. – (continued) |
|  $ | 300000 | 4.300% | 11/15/44 | $270216 |
|  Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. |
|  | 170000 | 5.600 | 07/15/41 | 164847 |
|  | 205000 | 4.750 | 05/15/42 | 179279 |
|  | 100000 | 5.000 | 06/15/45 | 89295 |
|  Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. | Diamondback Energy, Inc. |
|  | 515000 | 3.250 | 12/01/26 | 478278 |
|  | 92000 | 3.500 | 12/01/29 | 81761 |
|  Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
|  | 200000 | 4.500 | 04/15/24 | 197445 |
|  | 608000 | 4.050 | 03/15/25 | 589169 |
|  | 668000 | 2.900 | 05/15/25 | 631640 |
|  | 200000 | 4.750 | 01/15/26 | 196706 |
|  | 200000 | 5.500 | 06/01/27 | 200627 |
|  | 100000 | 4.000 | 10/01/27 | 94064 |
|  | 230000 | 4.950 | 06/15/28 | 221962 |
|  | 151000 | 5.250 | 04/15/29 | 147502 |
|  | 100000 | 3.750 | 05/15/30 | 88549 |
|  | 100000 | 6.500 | 02/01/42 | 98197 |
|  | 201000 | 5.300 | 04/15/47 | 171054 |
|  | 283000 | 5.400 | 10/01/47 | 244231 |
|  | 277000 | 6.000 | 06/15/48 | 254784 |
|  | 431000 | 6.250 | 04/15/49 | 409014 |
|  | 480000 | 5.000 | 05/15/50 | 396116 |
|  Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
|  | 157000 | 3.900 | 02/15/24 | 154192 |
|  | 207000 | 3.750 | 02/15/25 | 202335 |
|  | 326000 | 3.125 | 07/31/29 | 290378 |
|  | 150000 | 2.800 | 01/31/30 | 129784 |
|  | 150000 | 5.950 | 02/01/41 | 153015 |
|  | 207000 | 4.850 | 08/15/42 | 187379 |
|  | 250000 | 4.450 | 02/15/43 | 213803 |
|  | 304000 | 4.850 | 03/15/44 | 270379 |
|  | 176000 | 5.100 | 02/15/45 | 160821 |
|  | 220000 | 4.900 | 05/15/46 | 194575 |
|  | 414000 | 4.800 | 02/01/49 | 362236 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Enterprise Products Operating LLC – (continued) | Enterprise Products Operating LLC – (continued) | Enterprise Products Operating LLC – (continued) | Enterprise Products Operating LLC – (continued) |
| 368000 | 4.200% | 01/31/50 | $293438 |
| 128000 | 3.950 | 01/31/60 | 94632 |
| Enterprise Products Operating LLC<sup>(a)</sup>, Series E | Enterprise Products Operating LLC<sup>(a)</sup>, Series E | Enterprise Products Operating LLC<sup>(a)</sup>, Series E | Enterprise Products Operating LLC<sup>(a)</sup>, Series E |
| (3M USD LIBOR + 3.033%) | (3M USD LIBOR + 3.033%) | (3M USD LIBOR + 3.033%) | (3M USD LIBOR + 3.033%) |
| 164000 | 5.250 | 08/16/77 | 133250 |
| EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. |
| 916000 | 4.150 | 01/15/26 | 904184 |
| 312000 | 4.375 | 04/15/30 | 307523 |
| 236000 | 4.950 | 04/15/50 | 231317 |
| EQT Corp. | EQT Corp. | EQT Corp. | EQT Corp. |
| 200000 | 3.900 | 10/01/27 | 185500 |
| Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. |
| 302000 | 2.019 | 08/16/24 | 289667 |
| 742000 | 2.992 | 03/19/25 | 718863 |
| 310000 | 3.043 | 03/01/26 | 297941 |
| 130000 | 2.275 | 08/16/26 | 121379 |
| 100000 | 3.294 | 03/19/27 | 96582 |
| 700000 | 3.482 | 03/19/30 | 658221 |
| 100000 | 4.227 | 03/19/40 | 91719 |
| 430000 | 3.567 | 03/06/45 | 348266 |
| 100000 | 4.114 | 03/01/46 | 86901 |
| 600000 | 3.095 | 08/16/49 | 440834 |
| 628000 | 4.327 | 03/19/50 | 565906 |
| 260000 | 3.452 | 04/15/51 | 202387 |
| Halliburton Co. | Halliburton Co. | Halliburton Co. | Halliburton Co. |
| 488000 | 2.920 | 03/01/30 | 423103 |
| 725000 | 4.850 | 11/15/35 | 677319 |
| 250000 | 7.450 | 09/15/39 | 285051 |
| 200000 | 5.000 | 11/15/45 | 179656 |
| Hess Corp. | Hess Corp. | Hess Corp. | Hess Corp. |
| 290000 | 4.300 | 04/01/27 | 279260 |
| 148000 | 6.000 | 01/15/40 | 148399 |
| 373000 | 5.600 | 02/15/41 | 357982 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 388000 | 5.500 | 03/01/44 | 360110 |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. |
| 396000 | 5.550 | 06/01/45 | 370261 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Kinder Morgan, Inc. – (continued) | Kinder Morgan, Inc. – (continued) | Kinder Morgan, Inc. – (continued) | Kinder Morgan, Inc. – (continued) |
| 402000 | 5.050% | 02/15/46 | $351239 |
| 100000 | 3.600 | 02/15/51 | 71502 |
| Kinder Morgan, Inc., GMTN | Kinder Morgan, Inc., GMTN | Kinder Morgan, Inc., GMTN | Kinder Morgan, Inc., GMTN |
| 300000 | 7.750 | 01/15/32 | 342311 |
| Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. | Marathon Petroleum Corp. |
| 680000 | 4.700 | 05/01/25 | 674549 |
| 200000 | 4.750 | 09/15/44 | 170970 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 136000 | 4.125 | 03/01/27 | 129476 |
| 100000 | 4.800 | 02/15/29 | 96182 |
| 914000 | 2.650 | 08/15/30 | 755537 |
| 350000 | 4.500 | 04/15/38 | 300276 |
| 310000 | 5.200 | 03/01/47 | 269555 |
| 520000 | 5.500 | 02/15/49 | 468475 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| 200000 | 4.550 | 07/15/28 | 189883 |
| 546000 | 3.100 | 03/15/30 | 463416 |
| 100000 | 5.200 | 07/15/48 | 85471 |
| Phillips 66 | Phillips 66 | Phillips 66 | Phillips 66 |
| 920000 | 0.900 | 02/15/24 | 875296 |
| 390000 | 4.650 | 11/15/34 | 371332 |
| 150000 | 5.875 | 05/01/42 | 157408 |
| 200000 | 4.875 | 11/15/44 | 187284 |
| Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. |
| 766000 | 4.650 | 10/15/25 | 752473 |
| 240000 | 4.500 | 12/15/26 | 231722 |
| 339000 | 3.550 | 12/15/29 | 296005 |
| Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC |
| 600000 | 5.750 | 05/15/24 | 599625 |
| 500000 | 5.625 | 03/01/25 | 499862 |
| 1252000 | 5.875 | 06/30/26 | 1269998 |
| 430000 | 5.000 | 03/15/27 | 421937 |
| 108000 | 4.200 | 03/15/28 | 101515 |
| Schlumberger Investment SA | Schlumberger Investment SA | Schlumberger Investment SA | Schlumberger Investment SA |
| 310000 | 3.650 | 12/01/23 | 306436 |
| 300000 | 2.650 | 06/26/30 | 261218 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Spectra Energy Partners LP | Spectra Energy Partners LP | Spectra Energy Partners LP | Spectra Energy Partners LP |
| 320000 | 4.750% | 03/15/24 | $318430 |
| Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC |
| 144000 | 7.850 | 02/01/26 | 154720 |
| Valero Energy Corp. | Valero Energy Corp. | Valero Energy Corp. | Valero Energy Corp. |
| 417000 | 4.350 | 06/01/28 | 406211 |
| 320000 | 6.625 | 06/15/37 | 346349 |
| Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP | Western Midstream Operating LP |
| 300000 | 5.500 | 02/01/50 | 246000 |
| Williams Cos., Inc. (The) | Williams Cos., Inc. (The) | Williams Cos., Inc. (The) | Williams Cos., Inc. (The) |
| 280000 | 4.000 | 09/15/25 | 271953 |
| 318000 | 3.750 | 06/15/27 | 301213 |
| 384000 | 3.500 | 11/15/30 | 339191 |
| 432000 | 6.300 | 04/15/40 | 452474 |
| 200000 | 5.100 | 09/15/45 | 180333 |
| 240000 | 4.850 | 03/01/48 | 210974 |
|  |  |  | 38624332 |
| **Financial Company – 0.8%** | **Financial Company – 0.8%** | **Financial Company – 0.8%** | **Financial Company – 0.8%** |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| 80000 | 1.875 | 08/15/26 | 70042 |
| Air Lease Corp., MTN | Air Lease Corp., MTN | Air Lease Corp., MTN | Air Lease Corp., MTN |
| 1170000 | 2.875 | 01/15/26 | 1078684 |
| Ally Financial, Inc. | Ally Financial, Inc. | Ally Financial, Inc. | Ally Financial, Inc. |
| 550000 | 1.450 | 10/02/23 | 531216 |
| 270000 | 3.875 | 05/21/24 | 262757 |
| 469000 | 8.000 | 11/01/31 | 502668 |
| Blackstone Private Credit Fund | Blackstone Private Credit Fund | Blackstone Private Credit Fund | Blackstone Private Credit Fund |
| 49000 | 2.625 | 12/15/26 | 41933 |
| GE Capital International Funding Co. Unlimited | GE Capital International Funding Co. Unlimited | GE Capital International Funding Co. Unlimited | GE Capital International Funding Co. Unlimited |
| 1772000 | 4.418 | 11/15/35 | 1675600 |
|  |  |  | 4162900 |
| **Food and Beverage – 2.4%** | **Food and Beverage – 2.4%** | **Food and Beverage – 2.4%** | **Food and Beverage – 2.4%** |
| Coca-Cola Co. (The) | Coca-Cola Co. (The) | Coca-Cola Co. (The) | Coca-Cola Co. (The) |
| 50000 | 3.375 | 03/25/27 | 48333 |
| 50000 | 1.450 | 06/01/27 | 44266 |
| 240000 | 1.000 | 03/15/28 | 203122 |
| 102000 | 2.125 | 09/06/29 | 88574 |
| 292000 | 3.450 | 03/25/30 | 272701 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** |
|  Coca-Cola Co. (The) – (continued) | Coca-Cola Co. (The) – (continued) | Coca-Cola Co. (The) – (continued) | Coca-Cola Co. (The) – (continued) | Coca-Cola Co. (The) – (continued) |
|  $ | 330000 | 1.650% | 06/01/30 | $272288 |
|  | 300000 | 2.000 | 03/05/31 | 250294 |
|  | 360000 | 2.500 | 06/01/40 | 267712 |
|  | 110000 | 2.875 | 05/05/41 | 85620 |
|  | 430000 | 2.600 | 06/01/50 | 295521 |
|  | 100000 | 3.000 | 03/05/51 | 75236 |
|  | 250000 | 2.500 | 03/15/51 | 168038 |
|  | 220000 | 2.750 | 06/01/60 | 148625 |
|  Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. |
|  | 220000 | 0.750 | 03/15/24 | 208451 |
|  | 1019000 | 3.200 | 05/01/30 | 899071 |
|  Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
|  | 640000 | 3.000 | 06/01/26 | 604033 |
|  | 250000 | 6.875 | 01/26/39 | 277563 |
|  | 507000 | 5.000 | 06/04/42 | 475550 |
|  | 552000 | 4.375 | 06/01/46 | 467078 |
|  | 410000 | 4.875 | 10/01/49 | 369589 |
|  Molson Coors Beverage Co. | Molson Coors Beverage Co. | Molson Coors Beverage Co. | Molson Coors Beverage Co. | Molson Coors Beverage Co. |
|  | 1000000 | 3.000 | 07/15/26 | 938923 |
|  | 190000 | 5.000 | 05/01/42 | 171445 |
|  | 370000 | 4.200 | 07/15/46 | 298672 |
|  Mondelez International, Inc. | Mondelez International, Inc. | Mondelez International, Inc. | Mondelez International, Inc. | Mondelez International, Inc. |
|  | 635000 | 2.750 | 04/13/30 | 551821 |
|  | 490000 | 2.625 | 09/04/50 | 316094 |
|  PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
|  | 56000 | 2.250 | 03/19/25 | 53382 |
|  | 112000 | 2.750 | 04/30/25 | 107670 |
|  | 160000 | 2.850 | 02/24/26 | 152945 |
|  | 166000 | 2.375 | 10/06/26 | 154970 |
|  | 68000 | 3.000 | 10/15/27 | 64192 |
|  | 96000 | 2.625 | 07/29/29 | 85642 |
|  | 210000 | 2.750 | 03/19/30 | 186996 |
|  | 210000 | 1.625 | 05/01/30 | 173496 |
|  | 100000 | 1.400 | 02/25/31 | 80296 |
|  | 400000 | 1.950 | 10/21/31 | 329011 |
|  | 290000 | 2.625 | 10/21/41 | 217676 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** |
| PepsiCo, Inc. – (continued) | PepsiCo, Inc. – (continued) | PepsiCo, Inc. – (continued) | PepsiCo, Inc. – (continued) |
| 300000 | 4.450% | 04/14/46 | $287864 |
| 280000 | 3.450 | 10/06/46 | 229812 |
| 200000 | 2.875 | 10/15/49 | 148699 |
| 130000 | 3.625 | 03/19/50 | 110871 |
| Sysco Corp. | Sysco Corp. | Sysco Corp. | Sysco Corp. |
| 604000 | 3.300 | 07/15/26 | 573557 |
| 547000 | 3.250 | 07/15/27 | 510018 |
| 329000 | 5.950 | 04/01/30 | 345588 |
| 270000 | 6.600 | 04/01/50 | 303572 |
| Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. |
| 120000 | 3.950 | 08/15/24 | 117843 |
| 172000 | 4.000 | 03/01/26 | 167752 |
| 340000 | 3.550 | 06/02/27 | 321256 |
| 110000 | 4.550 | 06/02/47 | 97548 |
| 486000 | 5.100 | 09/28/48 | 462035 |
|  |  |  | 13081311 |
| **Hardware – 0.2%** | **Hardware – 0.2%** | **Hardware – 0.2%** | **Hardware – 0.2%** |
| Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. |
| 543000 | 4.185 | 02/15/27 | 520601 |
| 170000 | 4.663 | 02/15/30 | 157250 |
| 428000 | 2.703 | 04/15/32 | 332032 |
|  |  |  | 1009883 |
| **Healthcare – 4.3%** | **Healthcare – 4.3%** | **Healthcare – 4.3%** | **Healthcare – 4.3%** |
| Aetna, Inc. | Aetna, Inc. | Aetna, Inc. | Aetna, Inc. |
| 250000 | 3.500 | 11/15/24 | 243678 |
| 140000 | 6.625 | 06/15/36 | 149200 |
| 248000 | 3.875 | 08/15/47 | 193171 |
| Cigna Corp. | Cigna Corp. | Cigna Corp. | Cigna Corp. |
| 2482000 | 4.125 | 11/15/25 | 2435187 |
| 300000 | 4.800 | 08/15/38 | 283255 |
| 130000 | 4.800 | 07/15/46 | 119277 |
| 674000 | 4.900 | 12/15/48 | 621183 |
| 290000 | 3.400 | 03/15/50 | 210826 |
| 472000 | 3.400 | 03/15/51 | 342425 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 350000 | 2.625 | 08/15/24 | 338304 |
| 154000 | 4.100 | 03/25/25 | 152591 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** |
|  CVS Health Corp. – (continued) | CVS Health Corp. – (continued) | CVS Health Corp. – (continued) | CVS Health Corp. – (continued) | CVS Health Corp. – (continued) |
|  $ | 256000 | 3.875% | 07/20/25 | $251548 |
|  | 100000 | 2.875 | 06/01/26 | 94000 |
|  | 368000 | 3.000 | 08/15/26 | 345715 |
|  | 488000 | 3.625 | 04/01/27 | 467729 |
|  | 825000 | 4.300 | 03/25/28 | 801864 |
|  | 523000 | 3.250 | 08/15/29 | 474518 |
|  | 1116000 | 4.780 | 03/25/38 | 1029541 |
|  | 246000 | 4.125 | 04/01/40 | 207538 |
|  | 270000 | 2.700 | 08/21/40 | 191162 |
|  | 176000 | 5.300 | 12/05/43 | 167193 |
|  | 616000 | 5.125 | 07/20/45 | 578557 |
|  | 1208000 | 5.050 | 03/25/48 | 1118370 |
|  Danaher Corp. | Danaher Corp. | Danaher Corp. | Danaher Corp. | Danaher Corp. |
|  | 340000 | 2.800 | 12/10/51 | 234847 |
|  Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. |
|  | 306000 | 3.500 | 08/15/24 | 300173 |
|  | 50000 | 3.350 | 12/01/24 | 48482 |
|  | 552000 | 3.650 | 12/01/27 | 526975 |
|  | 84000 | 4.625 | 05/15/42 | 75686 |
|  | 309000 | 4.650 | 01/15/43 | 284395 |
|  | 174000 | 4.650 | 08/15/44 | 157093 |
|  | 340000 | 4.375 | 12/01/47 | 298325 |
|  | 318000 | 4.550 | 03/01/48 | 285092 |
|  | 300000 | 3.125 | 05/15/50 | 209493 |
|  HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
|  | 476000 | 5.000 | 03/15/24 | 473346 |
|  | 520000 | 5.250 | 04/15/25 | 518544 |
|  | 600000 | 5.250 | 06/15/26 | 592890 |
|  | 100000 | 5.375 | 09/01/26 | 99180 |
|  | 555000 | 4.500 | 02/15/27 | 530372 |
|  | 300000 | 5.625 | 09/01/28 | 297420 |
|  | 404000 | 4.125 | 06/15/29 | 368650 |
|  | 500000 | 3.500 | 09/01/30 | 429375 |
|  | 100000 | 5.125 | 06/15/39 | 89410 |
|  | 315000 | 5.500 | 06/15/47 | 285863 |
|  | 410000 | 5.250 | 06/15/49 | 359775 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** |
| HCA, Inc. – (continued) | HCA, Inc. – (continued) | HCA, Inc. – (continued) | HCA, Inc. – (continued) |
| 220000 | 3.500% | 07/15/51 | $148832 |
| 415000 | 4.625 <sup>(b)</sup> | 03/15/52 | 336373 |
| MPT Operating Partnership LP / MPT Finance Corp. | MPT Operating Partnership LP / MPT Finance Corp. | MPT Operating Partnership LP / MPT Finance Corp. | MPT Operating Partnership LP / MPT Finance Corp. |
| 331000 | 4.625 | 08/01/29 | 261076 |
| 270000 | 3.500 | 03/15/31 | 190487 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 548000 | 3.750 | 07/15/25 | 539441 |
| 600000 | 2.300 | 05/15/31 | 495757 |
| 688000 | 4.200 | 05/15/32 | 662062 |
| 758000 | 4.625 | 07/15/35 | 737348 |
| 838000 | 4.250 | 03/15/43 | 751927 |
| 631000 | 4.450 | 12/15/48 | 568318 |
| 300000 | 3.700 | 08/15/49 | 240578 |
| 700000 | 3.250 | 05/15/51 | 516347 |
| 511000 | 4.750 | 05/15/52 | 482084 |
|  |  |  | 23212848 |
| **Insurance – 1.3%** | **Insurance – 1.3%** | **Insurance – 1.3%** | **Insurance – 1.3%** |
| American International Group, Inc. | American International Group, Inc. | American International Group, Inc. | American International Group, Inc. |
| 386000 | 2.500 | 06/30/25 | 365313 |
| 50000 | 3.900 | 04/01/26 | 48602 |
| 204000 | 4.800 | 07/10/45 | 183616 |
| 40000 | 4.750 | 04/01/48 | 36426 |
| 100000 | 4.375 | 06/30/50 | 86814 |
| American International Group, Inc.<sup>(a)</sup>, Series A-9 | American International Group, Inc.<sup>(a)</sup>, Series A-9 | American International Group, Inc.<sup>(a)</sup>, Series A-9 | American International Group, Inc.<sup>(a)</sup>, Series A-9 |
| (3M USD LIBOR + 2.868%) | (3M USD LIBOR + 2.868%) | (3M USD LIBOR + 2.868%) | (3M USD LIBOR + 2.868%) |
| 377000 | 5.750 | 04/01/48 | 357025 |
| Aon Corp. / Aon Global Holdings PLC | Aon Corp. / Aon Global Holdings PLC | Aon Corp. / Aon Global Holdings PLC | Aon Corp. / Aon Global Holdings PLC |
| 100000 | 3.900 | 02/28/52 | 78339 |
| Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. |
| 130000 | 1.450 | 10/15/30 | 105442 |
| 330000 | 2.875 | 03/15/32 | 289268 |
| Chubb INA Holdings, Inc. | Chubb INA Holdings, Inc. | Chubb INA Holdings, Inc. | Chubb INA Holdings, Inc. |
| 472000 | 4.350 | 11/03/45 | 421160 |
| Corebridge Financial, Inc.<sup>(b)</sup> | Corebridge Financial, Inc.<sup>(b)</sup> | Corebridge Financial, Inc.<sup>(b)</sup> | Corebridge Financial, Inc.<sup>(b)</sup> |
| 444000 | 3.650 | 04/05/27 | 415349 |
| Equitable Holdings, Inc. | Equitable Holdings, Inc. | Equitable Holdings, Inc. | Equitable Holdings, Inc. |
| 426000 | 5.000 | 04/20/48 | 375335 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** |
| Everest Reinsurance Holdings, Inc. | Everest Reinsurance Holdings, Inc. | Everest Reinsurance Holdings, Inc. | Everest Reinsurance Holdings, Inc. |
| 470000 | 3.500% | 10/15/50 | $325339 |
| Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. |
| 175000 | 4.375 | 03/15/29 | 170996 |
| 100000 | 2.250 | 11/15/30 | 82291 |
| 206000 | 4.900 | 03/15/49 | 193174 |
| MetLife, Inc. | MetLife, Inc. | MetLife, Inc. | MetLife, Inc. |
| 390000 | 3.600 | 04/10/24 | 383826 |
| 796000 | 6.400 | 12/15/36 | 760131 |
| 440000 | 4.125 | 08/13/42 | 377938 |
| 50000 | 4.875 | 11/13/43 | 47255 |
| 200000 | 4.600 | 05/13/46 | 187283 |
| Prudential Financial, Inc. | Prudential Financial, Inc. | Prudential Financial, Inc. | Prudential Financial, Inc. |
| (3M USD LIBOR + 3.031%) | (3M USD LIBOR + 3.031%) | (3M USD LIBOR + 3.031%) | (3M USD LIBOR + 3.031%) |
| 162000 | 5.375 <sup>(a)</sup> | 05/15/45 | 153094 |
| (3M USD LIBOR + 2.380%) | (3M USD LIBOR + 2.380%) | (3M USD LIBOR + 2.380%) | (3M USD LIBOR + 2.380%) |
| 228000 | 4.500 <sup>(a)</sup> | 09/15/47 | 201127 |
| 210000 | 3.905 | 12/07/47 | 170217 |
| 46000 | 3.935 | 12/07/49 | 36592 |
| (US 5 Year CMT T-Note + 3.035%) | (US 5 Year CMT T-Note + 3.035%) | (US 5 Year CMT T-Note + 3.035%) | (US 5 Year CMT T-Note + 3.035%) |
| 192000 | 3.700 <sup>(a)</sup> | 10/01/50 | 155872 |
| Prudential Financial, Inc., MTN | Prudential Financial, Inc., MTN | Prudential Financial, Inc., MTN | Prudential Financial, Inc., MTN |
| 300000 | 5.700 | 12/14/36 | 309393 |
| 346000 | 4.350 | 02/25/50 | 299988 |
| 350000 | 3.700 | 03/13/51 | 271556 |
| Travelers Cos., Inc. (The) | Travelers Cos., Inc. (The) | Travelers Cos., Inc. (The) | Travelers Cos., Inc. (The) |
| 400000 | 3.050 | 06/08/51 | 279875 |
|  |  |  | 7168636 |
| **Mining – 0.1%** | **Mining – 0.1%** | **Mining – 0.1%** | **Mining – 0.1%** |
| Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. | Freeport-McMoRan, Inc. |
| 70000 | 5.400 | 11/14/34 | 65625 |
| 550000 | 5.450 | 03/15/43 | 495000 |
|  |  |  | 560625 |
| **Pharmaceuticals – 0.0%** | **Pharmaceuticals – 0.0%** | **Pharmaceuticals – 0.0%** | **Pharmaceuticals – 0.0%** |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| 360000 | 3.850 | 06/22/40 | 247909 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **REITs and Real Estate – 0.7%** | **REITs and Real Estate – 0.7%** | **REITs and Real Estate – 0.7%** | **REITs and Real Estate – 0.7%** |
| Boston Properties LP | Boston Properties LP | Boston Properties LP | Boston Properties LP |
| 726000 | 2.550% | 04/01/32 | $555202 |
| 390000 | 2.450 | 10/01/33 | 286493 |
| Equinix, Inc. | Equinix, Inc. | Equinix, Inc. | Equinix, Inc. |
| 80000 | 2.625 | 11/18/24 | 76071 |
| 390000 | 3.200 | 11/18/29 | 343244 |
| 300000 | 2.150 | 07/15/30 | 241343 |
| 200000 | 2.500 | 05/15/31 | 163049 |
| GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. |
| 675000 | 5.375 | 04/15/26 | 659602 |
| 236000 | 5.300 | 01/15/29 | 224632 |
| 150000 | 3.250 | 01/15/32 | 120690 |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| 68000 | 3.250 | 11/30/26 | 63752 |
| 300000 | 2.650 | 07/15/30 | 250477 |
| 284000 | 3.250 | 09/13/49 | 189487 |
| 220000 | 3.800 | 07/15/50 | 162946 |
| Welltower, Inc. | Welltower, Inc. | Welltower, Inc. | Welltower, Inc. |
| 300000 | 4.250 | 04/15/28 | 283873 |
| 404000 | 3.100 | 01/15/30 | 344580 |
|  |  |  | 3965441 |
| **Revenue – 0.4%** | **Revenue – 0.4%** | **Revenue – 0.4%** | **Revenue – 0.4%** |
| Ascension Health | Ascension Health | Ascension Health | Ascension Health |
| 200000 | 3.945 | 11/15/46 | 167726 |
| Ascension Health, Series B | Ascension Health, Series B | Ascension Health, Series B | Ascension Health, Series B |
| 440000 | 2.532 | 11/15/29 | 380156 |
| CommonSpirit Health | CommonSpirit Health | CommonSpirit Health | CommonSpirit Health |
| 100000 | 2.760 | 10/01/24 | 95814 |
| 220000 | 3.347 | 10/01/29 | 189411 |
| 239000 | 4.350 | 11/01/42 | 200636 |
| 200000 | 4.187 | 10/01/49 | 154926 |
| Kaiser Foundation Hospitals | Kaiser Foundation Hospitals | Kaiser Foundation Hospitals | Kaiser Foundation Hospitals |
| 295000 | 4.150 | 05/01/47 | 254584 |
| Kaiser Foundation Hospitals, Series 2019 | Kaiser Foundation Hospitals, Series 2019 | Kaiser Foundation Hospitals, Series 2019 | Kaiser Foundation Hospitals, Series 2019 |
| 286000 | 3.266 | 11/01/49 | 211105 |
| Kaiser Foundation Hospitals, Series 2021 | Kaiser Foundation Hospitals, Series 2021 | Kaiser Foundation Hospitals, Series 2021 | Kaiser Foundation Hospitals, Series 2021 |
| 125000 | 2.810 | 06/01/41 | 91398 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Revenue – (continued)** | **Revenue – (continued)** | **Revenue – (continued)** | **Revenue – (continued)** | **Revenue – (continued)** |
|  Kaiser Foundation Hospitals, Series 2021 – (continued) | Kaiser Foundation Hospitals, Series 2021 – (continued) | Kaiser Foundation Hospitals, Series 2021 – (continued) | Kaiser Foundation Hospitals, Series 2021 – (continued) | Kaiser Foundation Hospitals, Series 2021 – (continued) |
|  $ | 300000 | 3.002% | 06/01/51 | $205675 |
|  |  |  |  | 1951431 |
|  **Technology – 9.0%** | **Technology – 9.0%** | **Technology – 9.0%** | **Technology – 9.0%** | **Technology – 9.0%** |
|  Activision Blizzard, Inc. | Activision Blizzard, Inc. | Activision Blizzard, Inc. | Activision Blizzard, Inc. | Activision Blizzard, Inc. |
|  | 536000 | 3.400 | 09/15/26 | 515568 |
|  | 280000 | 2.500 | 09/15/50 | 178109 |
|  Adobe, Inc. | Adobe, Inc. | Adobe, Inc. | Adobe, Inc. | Adobe, Inc. |
|  | 192000 | 3.250 | 02/01/25 | 187647 |
|  | 82000 | 2.150 | 02/01/27 | 75411 |
|  | 500000 | 2.300 | 02/01/30 | 430703 |
|  Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
|  | 182000 | 1.998 | 08/15/26 | 169609 |
|  | 50000 | 0.800 | 08/15/27 | 43222 |
|  | 132000 | 1.100 | 08/15/30 | 105253 |
|  | 400000 | 1.900 | 08/15/40 | 277543 |
|  | 823000 | 2.050 | 08/15/50 | 519000 |
|  | 497000 | 2.250 | 08/15/60 | 300421 |
|  Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. | Analog Devices, Inc. |
|  | 75000 | 3.500 | 12/05/26 | 72001 |
|  | 250000 | 1.700 | 10/01/28 | 214785 |
|  Apple, Inc. | Apple, Inc. | Apple, Inc. | Apple, Inc. | Apple, Inc. |
|  | 75000 | 3.000 | 02/09/24 | 73614 |
|  | 188000 | 3.450 | 05/06/24 | 185068 |
|  | 138000 | 2.850 | 05/11/24 | 134513 |
|  | 184000 | 2.750 | 01/13/25 | 178107 |
|  | 112000 | 2.500 | 02/09/25 | 107505 |
|  | 91000 | 1.125 | 05/11/25 | 84169 |
|  | 40000 | 3.200 | 05/13/25 | 38912 |
|  | 50000 | 0.550 | 08/20/25 | 45120 |
|  | 129000 | 0.700 | 02/08/26 | 115272 |
|  | 361000 | 3.250 | 02/23/26 | 350153 |
|  | 144000 | 2.450 | 08/04/26 | 135111 |
|  | 150000 | 2.050 | 09/11/26 | 138273 |
|  | 100000 | 3.000 | 06/20/27 | 95578 |
|  | 692000 | 2.900 | 09/12/27 | 651998 |
|  | 218000 | 3.000 | 11/13/27 | 205735 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
|  Apple, Inc. – (continued) | Apple, Inc. – (continued) | Apple, Inc. – (continued) | Apple, Inc. – (continued) | Apple, Inc. – (continued) |
|  $ | 88000 | 1.200% | 02/08/28 | $75579 |
|  | 330000 | 1.400 | 08/05/28 | 282146 |
|  | 400000 | 1.650 | 05/11/30 | 333418 |
|  | 250000 | 1.250 | 08/20/30 | 199803 |
|  | 850000 | 1.650 | 02/08/31 | 694587 |
|  | 625000 | 4.500 | 02/23/36 | 627385 |
|  | 102000 | 2.375 | 02/08/41 | 74176 |
|  | 617000 | 3.850 | 05/04/43 | 550838 |
|  | 310000 | 4.450 | 05/06/44 | 301995 |
|  | 305000 | 3.450 | 02/09/45 | 252107 |
|  | 350000 | 4.375 | 05/13/45 | 332317 |
|  | 729000 | 4.650 | 02/23/46 | 712490 |
|  | 306000 | 3.850 | 08/04/46 | 266457 |
|  | 208000 | 4.250 | 02/09/47 | 194765 |
|  | 270000 | 3.750 | 09/12/47 | 230156 |
|  | 506000 | 3.750 | 11/13/47 | 434596 |
|  | 898000 | 2.950 | 09/11/49 | 658464 |
|  | 672000 | 2.650 | 05/11/50 | 461732 |
|  | 239000 | 2.400 | 08/20/50 | 157203 |
|  | 680000 | 2.650 | 02/08/51 | 468028 |
|  | 125000 | 2.800 | 02/08/61 | 83133 |
|  Applied Materials, Inc. | Applied Materials, Inc. | Applied Materials, Inc. | Applied Materials, Inc. | Applied Materials, Inc. |
|  | 130000 | 3.300 | 04/01/27 | 124883 |
|  | 150000 | 1.750 | 06/01/30 | 123526 |
|  | 136000 | 4.350 | 04/01/47 | 125069 |
|  Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. |
|  | 100000 | 3.625 | 01/15/24 | 97958 |
|  | 659000 | 3.875 | 01/15/27 | 624248 |
|  | 98000 | 3.500 | 01/15/28 | 89916 |
|  Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
|  | 500000 | 3.150 | 11/15/25 | 476311 |
|  | 431000 | 3.459 | 09/15/26 | 407144 |
|  | 605000 | 4.750 | 04/15/29 | 581570 |
|  | 402000 | 4.150 | 11/15/30 | 361798 |
|  | 570000 | 2.450 <sup>(b)</sup> | 02/15/31 | 447360 |
|  | 470000 | 4.300 | 11/15/32 | 417952 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
|  Broadcom, Inc. – (continued) | Broadcom, Inc. – (continued) | Broadcom, Inc. – (continued) | Broadcom, Inc. – (continued) | Broadcom, Inc. – (continued) |
|  $ | 555000 | 3.419 %<sup>(b)</sup> | 04/15/33 | $448118 |
|  | 290000 | 3.469 <sup>(b)</sup> | 04/15/34 | 230475 |
|  | 600000 | 3.137 <sup>(b)</sup> | 11/15/35 | 444936 |
|  | 600000 | 3.500 <sup>(b)</sup> | 02/15/41 | 433821 |
|  | 360000 | 3.750 <sup>(b)</sup> | 02/15/51 | 253590 |
|  Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. | Dell International LLC / EMC Corp. |
|  | 748000 | 6.020 | 06/15/26 | 764011 |
|  | 494000 | 4.900 | 10/01/26 | 486131 |
|  | 379000 | 8.100 | 07/15/36 | 437579 |
|  | 464000 | 8.350 | 07/15/46 | 545269 |
|  Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
|  | 150000 | 3.800 | 10/01/23 | 148346 |
|  | 400000 | 2.750 | 07/01/24 | 383900 |
|  | 500000 | 3.200 | 07/01/26 | 471827 |
|  | 300000 | 4.200 | 10/01/28 | 286470 |
|  | 500000 | 3.500 | 07/01/29 | 452573 |
|  | 400000 | 4.400 | 07/01/49 | 330300 |
|  Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
|  | 200000 | 4.450 | 10/02/23 | 198929 |
|  | 300000 | 4.900 | 10/15/25 | 299614 |
|  | 300000 | 6.350 | 10/15/45 | 309639 |
|  HP, Inc. | HP, Inc. | HP, Inc. | HP, Inc. | HP, Inc. |
|  | 300000 | 3.400 | 06/17/30 | 258600 |
|  | 40000 | 2.650 | 06/17/31 | 31381 |
|  | 368000 | 6.000 | 09/15/41 | 360056 |
|  Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. | Intel Corp. |
|  | 204000 | 2.875 | 05/11/24 | 198805 |
|  | 203000 | 3.700 | 07/29/25 | 199468 |
|  | 60000 | 2.600 | 05/19/26 | 56486 |
|  | 168000 | 3.150 | 05/11/27 | 159032 |
|  | 596000 | 2.450 | 11/15/29 | 515287 |
|  | 250000 | 2.000 | 08/12/31 | 201507 |
|  | 771000 | 4.000 | 12/15/32 | 718190 |
|  | 259000 | 4.600 | 03/25/40 | 237532 |
|  | 264000 | 4.800 | 10/01/41 | 247588 |
|  | 290000 | 4.100 | 05/19/46 | 241871 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
|  Intel Corp. – (continued) | Intel Corp. – (continued) | Intel Corp. – (continued) | Intel Corp. – (continued) | Intel Corp. – (continued) |
|  $ | 224000 | 4.100% | 05/11/47 | $184266 |
|  | 295000 | 3.734 | 12/08/47 | 226748 |
|  | 542000 | 3.250 | 11/15/49 | 376892 |
|  | 483000 | 4.750 | 03/25/50 | 433270 |
|  | 440000 | 3.050 | 08/12/51 | 295914 |
|  | 50000 | 3.100 | 02/15/60 | 32068 |
|  | 100000 | 4.950 | 03/25/60 | 90959 |
|  | 150000 | 3.200 | 08/12/61 | 97630 |
|  International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
|  | 445000 | 3.625 | 02/12/24 | 438760 |
|  | 250000 | 3.450 | 02/19/26 | 240750 |
|  | 1510000 | 3.300 | 05/15/26 | 1443591 |
|  | 300000 | 1.700 | 05/15/27 | 263372 |
|  | 1086000 | 1.950 | 05/15/30 | 895197 |
|  | 540000 | 4.150 | 05/15/39 | 473345 |
|  | 288000 | 4.000 | 06/20/42 | 241551 |
|  | 300000 | 4.250 | 05/15/49 | 255462 |
|  | 300000 | 2.950 | 05/15/50 | 200213 |
|  KLA Corp. | KLA Corp. | KLA Corp. | KLA Corp. | KLA Corp. |
|  | 87000 | 4.650 | 11/01/24 | 86694 |
|  | 130000 | 4.100 | 03/15/29 | 127168 |
|  | 100000 | 3.300 | 03/01/50 | 75151 |
|  Lam Research Corp. | Lam Research Corp. | Lam Research Corp. | Lam Research Corp. | Lam Research Corp. |
|  | 238000 | 4.000 | 03/15/29 | 229389 |
|  | 228000 | 1.900 | 06/15/30 | 188078 |
|  | 220000 | 4.875 | 03/15/49 | 213820 |
|  | 352000 | 2.875 | 06/15/50 | 248240 |
|  Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. | Microchip Technology, Inc. |
|  | 120000 | 4.250 | 09/01/25 | 116759 |
|  Microsoft Corp. | Microsoft Corp. | Microsoft Corp. | Microsoft Corp. | Microsoft Corp. |
|  | 406000 | 2.875 | 02/06/24 | 398388 |
|  | 548000 | 2.700 | 02/12/25 | 529497 |
|  | 154000 | 3.125 | 11/03/25 | 149693 |
|  | 80000 | 2.400 | 08/08/26 | 75132 |
|  | 87000 | 3.300 | 02/06/27 | 84367 |
|  | 260000 | 3.500 | 02/12/35 | 240914 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
| Microsoft Corp. – (continued) | Microsoft Corp. – (continued) | Microsoft Corp. – (continued) | Microsoft Corp. – (continued) |
| 470000 | 3.450% | 08/08/36 | $426475 |
| 81000 | 4.100 | 02/06/37 | 78407 |
| 200000 | 4.450 | 11/03/45 | 198113 |
| 300000 | 3.700 | 08/08/46 | 266812 |
| 250000 | 4.250 | 02/06/47 | 238929 |
| 1047000 | 2.525 | 06/01/50 | 723637 |
| 1160000 | 2.921 | 03/17/52 | 860766 |
| 632000 | 2.675 | 06/01/60 | 426649 |
| 451000 | 3.041 | 03/17/62 | 329210 |
| Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. |
| 692000 | 4.600 | 05/23/29 | 662648 |
| NVIDIA Corp. | NVIDIA Corp. | NVIDIA Corp. | NVIDIA Corp. |
| 2198000 | 0.584 | 06/14/24 | 2065600 |
| 80000 | 1.550 | 06/15/28 | 68860 |
| 330000 | 2.850 | 04/01/30 | 292098 |
| 400000 | 2.000 | 06/15/31 | 324598 |
| 400000 | 3.500 | 04/01/50 | 309439 |
| PayPal Holdings, Inc. | PayPal Holdings, Inc. | PayPal Holdings, Inc. | PayPal Holdings, Inc. |
| 1060000 | 4.400 | 06/01/32 | 1009233 |
| QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. |
| 152000 | 2.900 | 05/20/24 | 148113 |
| 135000 | 3.450 | 05/20/25 | 131459 |
| 304000 | 3.250 | 05/20/27 | 290257 |
| 126000 | 2.150 | 05/20/30 | 106977 |
| 320000 | 4.650 | 05/20/35 | 310361 |
| 396000 | 4.800 | 05/20/45 | 378956 |
| 250000 | 4.300 | 05/20/47 | 221032 |
| 320000 | 4.500 | 05/20/52 | 285343 |
| Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. |
| 232000 | 2.250 | 09/04/29 | 200564 |
| 469000 | 4.150 | 05/15/48 | 415727 |
| Western Digital Corp. | Western Digital Corp. | Western Digital Corp. | Western Digital Corp. |
| 968000 | 4.750 | 02/15/26 | 917180 |
|  |  |  | 47889562 |
| **Transportation – 1.1%** | **Transportation – 1.1%** | **Transportation – 1.1%** | **Transportation – 1.1%** |
| FedEx Corp. | FedEx Corp. | FedEx Corp. | FedEx Corp. |
| 100000 | 5.100 | 01/15/44 | 90304 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Transportation – (continued)** | **Transportation – (continued)** | **Transportation – (continued)** | **Transportation – (continued)** |
| FedEx Corp. – (continued) | FedEx Corp. – (continued) | FedEx Corp. – (continued) | FedEx Corp. – (continued) |
| 300000 | 4.550% | 04/01/46 | $247413 |
| FedEx Corp. Pass Through Trust, Series 2020-1 | FedEx Corp. Pass Through Trust, Series 2020-1 | FedEx Corp. Pass Through Trust, Series 2020-1 | FedEx Corp. Pass Through Trust, Series 2020-1 |
| 44653 | 1.875 | 02/20/34 | 36681 |
| Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. |
| 270000 | 5.250 | 05/04/25 | 271369 |
| 125000 | 5.125 | 06/15/27 | 126080 |
| Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. |
| 500000 | 2.400 | 02/05/30 | 431892 |
| 1950000 | 2.800 | 02/14/32 | 1692147 |
| 278000 | 3.799 | 10/01/51 | 227353 |
| 95000 | 2.950 | 03/10/52 | 66115 |
| 408000 | 3.839 | 03/20/60 | 320924 |
| 646000 | 3.799 | 04/06/71 | 485201 |
| United Parcel Service, Inc. | United Parcel Service, Inc. | United Parcel Service, Inc. | United Parcel Service, Inc. |
| 292000 | 3.050 | 11/15/27 | 277329 |
| 792000 | 3.400 | 03/15/29 | 744317 |
| 300000 | 3.750 | 11/15/47 | 252223 |
| 200000 | 4.250 | 03/15/49 | 181079 |
| 448000 | 5.300 | 04/01/50 | 476032 |
|  |  |  | 5926459 |
| **Water – 0.1%** | **Water – 0.1%** | **Water – 0.1%** | **Water – 0.1%** |
| American Water Capital Corp. | American Water Capital Corp. | American Water Capital Corp. | American Water Capital Corp. |
| 426000 | 4.450 | 06/01/32 | 410928 |
| **Wireless – 5.7%** | **Wireless – 5.7%** | **Wireless – 5.7%** | **Wireless – 5.7%** |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 250000 | 4.000 | 06/01/25 | 242947 |
| 556000 | 3.375 | 10/15/26 | 518718 |
| 200000 | 2.750 | 01/15/27 | 181153 |
| 521000 | 3.800 | 08/15/29 | 479083 |
| 80000 | 2.900 | 01/15/30 | 68704 |
| 300000 | 1.875 | 10/15/30 | 234335 |
| 251000 | 3.100 | 06/15/50 | 167024 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 111000 | 3.800 | 02/15/27 | 106923 |
| 346000 | 4.250 | 03/01/27 | 340345 |
| 339000 | 2.300 | 06/01/27 | 305250 |
| 75000 | 1.650 | 02/01/28 | 64347 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** |
|  AT&T, Inc. – (continued) | AT&T, Inc. – (continued) | AT&T, Inc. – (continued) | AT&T, Inc. – (continued) | AT&T, Inc. – (continued) |
|  $ | 300000 | 4.100% | 02/15/28 | $289787 |
|  | 1232000 | 4.350 | 03/01/29 | 1182320 |
|  | 459000 | 4.300 | 02/15/30 | 436438 |
|  | 565000 | 2.750 | 06/01/31 | 471996 |
|  | 620000 | 2.250 | 02/01/32 | 491123 |
|  | 630000 | 2.550 | 12/01/33 | 494637 |
|  | 435000 | 4.500 | 05/15/35 | 398036 |
|  | 140000 | 4.850 | 03/01/39 | 128947 |
|  | 330000 | 4.350 | 06/15/45 | 274834 |
|  | 435000 | 4.750 | 05/15/46 | 380556 |
|  | 329000 | 4.500 | 03/09/48 | 275210 |
|  | 229000 | 4.550 | 03/09/49 | 194069 |
|  | 538000 | 3.650 | 06/01/51 | 394881 |
|  | 130000 | 3.300 | 02/01/52 | 90141 |
|  | 1260000 | 3.500 | 09/15/53 | 891706 |
|  | 1678000 | 3.550 | 09/15/55 | 1174822 |
|  | 130000 | 3.800 | 12/01/57 | 93427 |
|  | 1339000 | 3.650 | 09/15/59 | 925337 |
|  | 92000 | 3.850 | 06/01/60 | 67052 |
|  Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
|  | 530000 | 4.450 | 02/15/26 | 518756 |
|  | 572000 | 3.700 | 06/15/26 | 544835 |
|  | 736000 | 1.050 | 07/15/26 | 638501 |
|  | 98000 | 3.650 | 09/01/27 | 91466 |
|  | 200000 | 3.800 | 02/15/28 | 187359 |
|  | 220000 | 3.300 | 07/01/30 | 195069 |
|  | 180000 | 2.250 | 01/15/31 | 146083 |
|  | 301000 | 2.100 | 04/01/31 | 239174 |
|  | 300000 | 2.900 | 04/01/41 | 212542 |
|  | 100000 | 3.250 | 01/15/51 | 69319 |
|  Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. | Sprint Capital Corp. |
|  | 200000 | 8.750 | 03/15/32 | 237892 |
|  T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
|  | 500000 | 3.750 | 04/15/27 | 473662 |
|  | 400000 | 3.375 | 04/15/29 | 356052 |
|  | 900000 | 3.875 | 04/15/30 | 828291 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
|  **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** |
|  T-Mobile USA, Inc. – (continued) | T-Mobile USA, Inc. – (continued) | T-Mobile USA, Inc. – (continued) | T-Mobile USA, Inc. – (continued) | T-Mobile USA, Inc. – (continued) |
|  $ | 680000 | 2.550% | 02/15/31 | $563863 |
|  | 300000 | 2.250 | 11/15/31 | 239236 |
|  | 600000 | 2.700 | 03/15/32 | 493009 |
|  | 400000 | 4.375 | 04/15/40 | 347990 |
|  | 600000 | 4.500 | 04/15/50 | 505175 |
|  Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
|  | 570000 | 3.500 | 11/01/24 | 557732 |
|  | 184000 | 3.376 | 02/15/25 | 179481 |
|  | 2428000 | 0.850 | 11/20/25 | 2173140 |
|  | 559000 | 4.125 | 03/16/27 | 548806 |
|  | 710000 | 2.100 | 03/22/28 | 620879 |
|  | 722000 | 4.329 | 09/21/28 | 703353 |
|  | 786000 | 4.016 | 12/03/29 | 743038 |
|  | 471000 | 3.150 | 03/22/30 | 418709 |
|  | 280000 | 1.500 | 09/18/30 | 218488 |
|  | 100000 | 1.680 | 10/30/30 | 78252 |
|  | 1330000 | 2.550 | 03/21/31 | 1106853 |
|  | 50000 | 2.355 | 03/15/32 | 40054 |
|  | 220000 | 4.272 | 01/15/36 | 197293 |
|  | 478000 | 5.250 | 03/16/37 | 473509 |
|  | 550000 | 2.650 | 11/20/40 | 378340 |
|  | 510000 | 3.400 | 03/22/41 | 393307 |
|  | 60000 | 6.550 | 09/15/43 | 67289 |
|  | 704000 | 4.862 | 08/21/46 | 646464 |
|  | 455000 | 4.522 | 09/15/48 | 396715 |
|  | 400000 | 2.875 | 11/20/50 | 257893 |
|  | 800000 | 3.550 | 03/22/51 | 594468 |
|  | 364000 | 5.012 | 08/21/54 | 341900 |
|  | 150000 | 2.987 | 10/30/56 | 95234 |
|  | 500000 | 3.000 | 11/20/60 | 309725 |
|  | 555000 | 3.700 | 03/22/61 | 399881 |
|  |  |  |  | 30193225 |
| **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $497,590,807)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $497,590,807)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $497,590,807)** | **TOTAL CORPORATE OBLIGATIONS**<br> **(Cost $497,590,807)** | $422626994 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – 19.7%** | **Foreign Corporate Debt – 19.7%** | **Foreign Corporate Debt – 19.7%** | **Foreign Corporate Debt – 19.7%** |
| **Banks – 10.6%** | **Banks – 10.6%** | **Banks – 10.6%** | **Banks – 10.6%** |
| Banco Bilbao Vizcaya Argentaria SA (Spain) | Banco Bilbao Vizcaya Argentaria SA (Spain) | Banco Bilbao Vizcaya Argentaria SA (Spain) | Banco Bilbao Vizcaya Argentaria SA (Spain) |
| 200000 | 1.125% | 09/18/25 | $178826 |
| Banco Santander SA (Spain) | Banco Santander SA (Spain) | Banco Santander SA (Spain) | Banco Santander SA (Spain) |
| 200000 | 2.706 | 06/27/24 | 191746 |
| 1432000 | 2.746 | 05/28/25 | 1344064 |
| 600000 | 1.849 | 03/25/26 | 528326 |
| 600000 | 4.250 | 04/11/27 | 565027 |
| (US 1 Year CMT T-Note + 0.900%) | (US 1 Year CMT T-Note + 0.900%) | (US 1 Year CMT T-Note + 0.900%) | (US 1 Year CMT T-Note + 0.900%) |
| 600000 | 1.722 <sup>(a)</sup> | 09/14/27 | 513020 |
| 925000 | 3.490 | 05/28/30 | 775718 |
| 800000 | 2.958 | 03/25/31 | 631274 |
| (US 1 Year CMT T-Note + 1.600%) | (US 1 Year CMT T-Note + 1.600%) | (US 1 Year CMT T-Note + 1.600%) | (US 1 Year CMT T-Note + 1.600%) |
| 536000 | 3.225 <sup>(a)</sup> | 11/22/32 | 393824 |
| Bank of Montreal (Canada) | Bank of Montreal (Canada) | Bank of Montreal (Canada) | Bank of Montreal (Canada) |
| (5 Year USD Swap + 1.280%) | (5 Year USD Swap + 1.280%) | (5 Year USD Swap + 1.280%) | (5 Year USD Swap + 1.280%) |
| 1784000 | 4.338 <sup>(a)</sup> | 10/05/28 | 1750550 |
| (5 Year USD Swap + 1.432%) | (5 Year USD Swap + 1.432%) | (5 Year USD Swap + 1.432%) | (5 Year USD Swap + 1.432%) |
| 553000 | 3.803 <sup>(a)</sup> | 12/15/32 | 490849 |
| (US 5 Year CMT T-Note + 1.400%) | (US 5 Year CMT T-Note + 1.400%) | (US 5 Year CMT T-Note + 1.400%) | (US 5 Year CMT T-Note + 1.400%) |
| 204000 | 3.088 <sup>(a)</sup> | 01/10/37 | 155668 |
| Bank of Montreal, MTN (Canada) | Bank of Montreal, MTN (Canada) | Bank of Montreal, MTN (Canada) | Bank of Montreal, MTN (Canada) |
| 230000 | 0.625 | 07/09/24 | 214109 |
| 75000 | 1.250 | 09/15/26 | 65725 |
| (SOFR + 0.603%) | (SOFR + 0.603%) | (SOFR + 0.603%) | (SOFR + 0.603%) |
| 40000 | 0.949 <sup>(a)</sup> | 01/22/27 | 35360 |
| Bank of Montreal, Series E (Canada) | Bank of Montreal, Series E (Canada) | Bank of Montreal, Series E (Canada) | Bank of Montreal, Series E (Canada) |
| 50000 | 3.300 | 02/05/24 | 49002 |
| Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) |
| 520000 | 3.400 | 02/11/24 | 510294 |
| 320000 | 0.700 | 04/15/24 | 300911 |
| 75000 | 0.650 | 07/31/24 | 69650 |
| 198000 | 1.300 | 06/11/25 | 181081 |
| 110000 | 4.500 | 12/16/25 | 108648 |
| 220000 | 2.700 | 08/03/26 | 204671 |
| 80000 | 1.950 | 02/02/27 | 71147 |
| 470000 | 2.450 | 02/02/32 | 375796 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Barclays PLC (United Kingdom) | Barclays PLC (United Kingdom) | Barclays PLC (United Kingdom) | Barclays PLC (United Kingdom) |
| 890000 | 3.650% | 03/16/25 | $846058 |
| 1035000 | 4.375 | 01/12/26 | 993810 |
| (SOFR + 2.714%) | (SOFR + 2.714%) | (SOFR + 2.714%) | (SOFR + 2.714%) |
| 200000 | 2.852 <sup>(a)</sup> | 05/07/26 | 184290 |
| 210000 | 5.200 | 05/12/26 | 202622 |
| 600000 | 4.836 | 05/09/28 | 549092 |
| (US 1 Year CMT T-Note + 1.200%) | (US 1 Year CMT T-Note + 1.200%) | (US 1 Year CMT T-Note + 1.200%) | (US 1 Year CMT T-Note + 1.200%) |
| 424000 | 2.667 <sup>(a)</sup> | 03/10/32 | 322655 |
| (US 5 Year CMT T-Note + 2.900%) | (US 5 Year CMT T-Note + 2.900%) | (US 5 Year CMT T-Note + 2.900%) | (US 5 Year CMT T-Note + 2.900%) |
| 960000 | 3.564 <sup>(a)</sup> | 09/23/35 | 728319 |
| (US 1 Year CMT T-Note + 1.700%) | (US 1 Year CMT T-Note + 1.700%) | (US 1 Year CMT T-Note + 1.700%) | (US 1 Year CMT T-Note + 1.700%) |
| 500000 | 3.811 <sup>(a)</sup> | 03/10/42 | 327182 |
| 330000 | 5.250 | 08/17/45 | 299790 |
| 736000 | 4.950 | 01/10/47 | 629472 |
| Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) |
| 370000 | 3.100 | 04/02/24 | 360906 |
| 110000 | 2.250 | 01/28/25 | 103938 |
| Cooperatieve Rabobank UA (Netherlands) | Cooperatieve Rabobank UA (Netherlands) | Cooperatieve Rabobank UA (Netherlands) | Cooperatieve Rabobank UA (Netherlands) |
| 815000 | 3.750 | 07/21/26 | 765205 |
| 186000 | 5.250 | 05/24/41 | 191352 |
| 745000 | 5.250 | 08/04/45 | 665679 |
| Credit Suisse AG (Switzerland) | Credit Suisse AG (Switzerland) | Credit Suisse AG (Switzerland) | Credit Suisse AG (Switzerland) |
| 950000 | 2.950 | 04/09/25 | 850069 |
| 950000 | 1.250 | 08/07/26 | 751027 |
| Credit Suisse Group AG (Switzerland) | Credit Suisse Group AG (Switzerland) | Credit Suisse Group AG (Switzerland) | Credit Suisse Group AG (Switzerland) |
| 660000 | 3.750 | 03/26/25 | 590161 |
| 250000 | 4.550 | 04/17/26 | 218324 |
| (SOFR + 3.730%) | (SOFR + 3.730%) | (SOFR + 3.730%) | (SOFR + 3.730%) |
| 621000 | 4.194 <sup>(a)(b)</sup> | 04/01/31 | 466889 |
| 300000 | 4.875 | 05/15/45 | 209492 |
| Deutsche Bank AG (Germany) | Deutsche Bank AG (Germany) | Deutsche Bank AG (Germany) | Deutsche Bank AG (Germany) |
| 130000 | 3.700 | 05/30/24 | 125574 |
| (SOFR + 1.131%) | (SOFR + 1.131%) | (SOFR + 1.131%) | (SOFR + 1.131%) |
| 200000 | 1.447 <sup>(a)</sup> | 04/01/25 | 184570 |
| (SOFR + 2.581%) | (SOFR + 2.581%) | (SOFR + 2.581%) | (SOFR + 2.581%) |
| 800000 | 3.961 <sup>(a)</sup> | 11/26/25 | 753680 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Deutsche Bank AG (Germany) – (continued) | Deutsche Bank AG (Germany) – (continued) | Deutsche Bank AG (Germany) – (continued) | Deutsche Bank AG (Germany) – (continued) |
| (SOFR + 1.219%) | (SOFR + 1.219%) | (SOFR + 1.219%) | (SOFR + 1.219%) |
| 1694000 | 2.311 %<sup>(a)</sup> | 11/16/27 | $1418573 |
| (SOFR + 1.318%) | (SOFR + 1.318%) | (SOFR + 1.318%) | (SOFR + 1.318%) |
| 1702000 | 2.552 <sup>(a)</sup> | 01/07/28 | 1423525 |
| HSBC Holdings PLC (United Kingdom) | HSBC Holdings PLC (United Kingdom) | HSBC Holdings PLC (United Kingdom) | HSBC Holdings PLC (United Kingdom) |
| 540000 | 4.250 | 03/14/24 | 530012 |
| 400000 | 4.250 | 08/18/25 | 383394 |
| (SOFR + 1.402%) | (SOFR + 1.402%) | (SOFR + 1.402%) | (SOFR + 1.402%) |
| 800000 | 2.633 <sup>(a)</sup> | 11/07/25 | 743791 |
| 750000 | 4.300 | 03/08/26 | 729009 |
| (SOFR + 1.538%) | (SOFR + 1.538%) | (SOFR + 1.538%) | (SOFR + 1.538%) |
| 250000 | 1.645 <sup>(a)</sup> | 04/18/26 | 224376 |
| 936000 | 3.900 | 05/25/26 | 890852 |
| (3M USD LIBOR + 1.348%) | (3M USD LIBOR + 1.348%) | (3M USD LIBOR + 1.348%) | (3M USD LIBOR + 1.348%) |
| 500000 | 4.292 <sup>(a)</sup> | 09/12/26 | 474901 |
| (SOFR + 1.100%) | (SOFR + 1.100%) | (SOFR + 1.100%) | (SOFR + 1.100%) |
| 480000 | 2.251 <sup>(a)</sup> | 11/22/27 | 413130 |
| (SOFR + 1.732%) | (SOFR + 1.732%) | (SOFR + 1.732%) | (SOFR + 1.732%) |
| 250000 | 2.013 <sup>(a)</sup> | 09/22/28 | 206720 |
| (3M USD LIBOR + 1.535%) | (3M USD LIBOR + 1.535%) | (3M USD LIBOR + 1.535%) | (3M USD LIBOR + 1.535%) |
| 960000 | 4.583 <sup>(a)</sup> | 06/19/29 | 880139 |
| 1080000 | 4.950 | 03/31/30 | 1038562 |
| (3M USD LIBOR + 1.610%) | (3M USD LIBOR + 1.610%) | (3M USD LIBOR + 1.610%) | (3M USD LIBOR + 1.610%) |
| 800000 | 3.973 <sup>(a)</sup> | 05/22/30 | 698525 |
| (SOFR + 2.387%) | (SOFR + 2.387%) | (SOFR + 2.387%) | (SOFR + 2.387%) |
| 205000 | 2.848 <sup>(a)</sup> | 06/04/31 | 163103 |
| (SOFR + 1.947%) | (SOFR + 1.947%) | (SOFR + 1.947%) | (SOFR + 1.947%) |
| 1050000 | 2.357 <sup>(a)</sup> | 08/18/31 | 802386 |
| (SOFR + 1.187%) | (SOFR + 1.187%) | (SOFR + 1.187%) | (SOFR + 1.187%) |
| 550000 | 2.804 <sup>(a)</sup> | 05/24/32 | 425849 |
| (SOFR + 1.410%) | (SOFR + 1.410%) | (SOFR + 1.410%) | (SOFR + 1.410%) |
| 400000 | 2.871 <sup>(a)</sup> | 11/22/32 | 304574 |
| 250000 | 6.500 | 05/02/36 | 244378 |
| 396000 | 6.500 | 09/15/37 | 374769 |
| 375000 | 6.800 | 06/01/38 | 364293 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| HSBC Holdings PLC (United Kingdom) – (continued) | HSBC Holdings PLC (United Kingdom) – (continued) | HSBC Holdings PLC (United Kingdom) – (continued) | HSBC Holdings PLC (United Kingdom) – (continued) |
| 90000 | 6.100% | 01/14/42 | $92089 |
| 300000 | 5.250 | 03/14/44 | 261520 |
| ING Groep NV (Netherlands) | ING Groep NV (Netherlands) | ING Groep NV (Netherlands) | ING Groep NV (Netherlands) |
| 590000 | 4.100 | 10/02/23 | 584168 |
| 300000 | 3.550 | 04/09/24 | 293260 |
| 200000 | 3.950 | 03/29/27 | 189040 |
| 490000 | 4.550 | 10/02/28 | 465297 |
| 330000 | 4.050 | 04/09/29 | 302159 |
| Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) |
| 940000 | 4.450 | 05/08/25 | 917875 |
| (US 1 Year CMT T-Note + 3.500%) | (US 1 Year CMT T-Note + 3.500%) | (US 1 Year CMT T-Note + 3.500%) | (US 1 Year CMT T-Note + 3.500%) |
| 300000 | 3.870 <sup>(a)</sup> | 07/09/25 | 288968 |
| 400000 | 4.582 | 12/10/25 | 382485 |
| 1880000 | 3.750 | 01/11/27 | 1748114 |
| 940000 | 4.375 | 03/22/28 | 884084 |
| (3M USD LIBOR + 1.205%) | (3M USD LIBOR + 1.205%) | (3M USD LIBOR + 1.205%) | (3M USD LIBOR + 1.205%) |
| 500000 | 3.574 <sup>(a)</sup> | 11/07/28 | 445972 |
| 200000 | 5.300 | 12/01/45 | 172735 |
| 490000 | 4.344 | 01/09/48 | 359336 |
| Mizuho Financial Group, Inc. (Japan) | Mizuho Financial Group, Inc. (Japan) | Mizuho Financial Group, Inc. (Japan) | Mizuho Financial Group, Inc. (Japan) |
| (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) |
| 500000 | 3.922 <sup>(a)</sup> | 09/11/24 | 491531 |
| (US 1 Year CMT T-Note + 0.670%) | (US 1 Year CMT T-Note + 0.670%) | (US 1 Year CMT T-Note + 0.670%) | (US 1 Year CMT T-Note + 0.670%) |
| 500000 | 1.234 <sup>(a)</sup> | 05/22/27 | 432446 |
| National Australia Bank Ltd. (Australia) | National Australia Bank Ltd. (Australia) | National Australia Bank Ltd. (Australia) | National Australia Bank Ltd. (Australia) |
| 940000 | 2.500 | 07/12/26 | 871125 |
| NatWest Group PLC (United Kingdom) | NatWest Group PLC (United Kingdom) | NatWest Group PLC (United Kingdom) | NatWest Group PLC (United Kingdom) |
| (3M USD LIBOR + 1.762%) | (3M USD LIBOR + 1.762%) | (3M USD LIBOR + 1.762%) | (3M USD LIBOR + 1.762%) |
| 665000 | 4.269 <sup>(a)</sup> | 03/22/25 | 646127 |
| 846000 | 4.800 | 04/05/26 | 825571 |
| (US 1 Year CMT T-Note + 2.550%) | (US 1 Year CMT T-Note + 2.550%) | (US 1 Year CMT T-Note + 2.550%) | (US 1 Year CMT T-Note + 2.550%) |
| 355000 | 3.073 <sup>(a)</sup> | 05/22/28 | 314034 |
| (3M USD LIBOR + 1.754%) | (3M USD LIBOR + 1.754%) | (3M USD LIBOR + 1.754%) | (3M USD LIBOR + 1.754%) |
| 345000 | 4.892 <sup>(a)</sup> | 05/18/29 | 323186 |
| (US 5 Year CMT T-Note + 2.100%) | (US 5 Year CMT T-Note + 2.100%) | (US 5 Year CMT T-Note + 2.100%) | (US 5 Year CMT T-Note + 2.100%) |
| 558000 | 3.754 <sup>(a)</sup> | 11/01/29 | 514872 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| NatWest Group PLC (United Kingdom) – (continued) | NatWest Group PLC (United Kingdom) – (continued) | NatWest Group PLC (United Kingdom) – (continued) | NatWest Group PLC (United Kingdom) – (continued) |
| (3M USD LIBOR + 1.905%) | (3M USD LIBOR + 1.905%) | (3M USD LIBOR + 1.905%) | (3M USD LIBOR + 1.905%) |
| 470000 | 5.076 %<sup>(a)</sup> | 01/27/30 | $441289 |
| (3M USD LIBOR + 1.871%) | (3M USD LIBOR + 1.871%) | (3M USD LIBOR + 1.871%) | (3M USD LIBOR + 1.871%) |
| 370000 | 4.445 <sup>(a)</sup> | 05/08/30 | 332718 |
| (US 5 Year CMT T-Note + 2.350%) | (US 5 Year CMT T-Note + 2.350%) | (US 5 Year CMT T-Note + 2.350%) | (US 5 Year CMT T-Note + 2.350%) |
| 420000 | 3.032 <sup>(a)</sup> | 11/28/35 | 308530 |
| Royal Bank of Canada, GMTN (Canada) | Royal Bank of Canada, GMTN (Canada) | Royal Bank of Canada, GMTN (Canada) | Royal Bank of Canada, GMTN (Canada) |
| 540000 | 3.700 | 10/05/23 | 533615 |
| 500000 | 2.250 | 11/01/24 | 475343 |
| 50000 | 0.875 | 01/20/26 | 44330 |
| 150000 | 4.650 | 01/27/26 | 148442 |
| 300000 | 1.400 | 11/02/26 | 263704 |
| 250000 | 2.300 | 11/03/31 | 201610 |
| Royal Bank of Canada, MTN (Canada) | Royal Bank of Canada, MTN (Canada) | Royal Bank of Canada, MTN (Canada) | Royal Bank of Canada, MTN (Canada) |
| 100000 | 0.500 | 10/26/23 | 96156 |
| 257000 | 1.150 | 06/10/25 | 235385 |
| Royal Bank of Canada (Canada) | Royal Bank of Canada (Canada) | Royal Bank of Canada (Canada) | Royal Bank of Canada (Canada) |
| 130000 | 1.200 | 04/27/26 | 115629 |
| Santander UK Group Holdings PLC (United Kingdom) | Santander UK Group Holdings PLC (United Kingdom) | Santander UK Group Holdings PLC (United Kingdom) | Santander UK Group Holdings PLC (United Kingdom) |
| (3M USD LIBOR + 1.570%) | (3M USD LIBOR + 1.570%) | (3M USD LIBOR + 1.570%) | (3M USD LIBOR + 1.570%) |
| 200000 | 4.796 <sup>(a)</sup> | 11/15/24 | 196020 |
| (SOFR + 0.787%) | (SOFR + 0.787%) | (SOFR + 0.787%) | (SOFR + 0.787%) |
| 200000 | 1.089 <sup>(a)</sup> | 03/15/25 | 185759 |
| (SOFR + 0.989%) | (SOFR + 0.989%) | (SOFR + 0.989%) | (SOFR + 0.989%) |
| 1790000 | 1.673 <sup>(a)</sup> | 06/14/27 | 1511584 |
| Sumitomo Mitsui Financial Group, Inc. (Japan) | Sumitomo Mitsui Financial Group, Inc. (Japan) | Sumitomo Mitsui Financial Group, Inc. (Japan) | Sumitomo Mitsui Financial Group, Inc. (Japan) |
| 500000 | 2.696 | 07/16/24 | 478927 |
| 468000 | 3.364 | 07/12/27 | 434176 |
| 500000 | 2.222 | 09/17/31 | 389616 |
| Toronto-Dominion Bank (The) (Canada) | Toronto-Dominion Bank (The) (Canada) | Toronto-Dominion Bank (The) (Canada) | Toronto-Dominion Bank (The) (Canada) |
| 50000 | 1.950 | 01/12/27 | 44779 |
| (5 Year USD Swap + 2.205%) | (5 Year USD Swap + 2.205%) | (5 Year USD Swap + 2.205%) | (5 Year USD Swap + 2.205%) |
| 550000 | 3.625 <sup>(a)</sup> | 09/15/31 | 506344 |
| Toronto-Dominion Bank (The), MTN (Canada) | Toronto-Dominion Bank (The), MTN (Canada) | Toronto-Dominion Bank (The), MTN (Canada) | Toronto-Dominion Bank (The), MTN (Canada) |
| 630000 | 2.650 | 06/12/24 | 608469 |
| 270000 | 1.150 | 06/12/25 | 245922 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Toronto-Dominion Bank (The), MTN (Canada) – (continued) | Toronto-Dominion Bank (The), MTN (Canada) – (continued) | Toronto-Dominion Bank (The), MTN (Canada) – (continued) | Toronto-Dominion Bank (The), MTN (Canada) – (continued) |
| 330000 | 0.750% | 01/06/26 | $291840 |
| 75000 | 1.250 | 09/10/26 | 65705 |
| Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) |
| 40000 | 3.300 | 02/26/24 | 39290 |
| 112000 | 1.019 | 11/18/24 | 103918 |
| 40000 | 2.350 | 02/19/25 | 37993 |
| 200000 | 2.850 | 05/13/26 | 188866 |
| 125000 | 1.150 | 06/03/26 | 111094 |
| 40000 | 3.350 | 03/08/27 | 38030 |
| 40000 | 3.400 | 01/25/28 | 37763 |
| 247000 | 2.650 | 01/16/30 | 216015 |
| (US 5 Year CMT T-Note + 1.350%) | (US 5 Year CMT T-Note + 1.350%) | (US 5 Year CMT T-Note + 1.350%) | (US 5 Year CMT T-Note + 1.350%) |
| 1476000 | 2.894 <sup>(a)</sup> | 02/04/30 | 1344181 |
| 400000 | 2.150 | 06/03/31 | 329971 |
| (US 5 Year CMT T-Note + 2.000%) | (US 5 Year CMT T-Note + 2.000%) | (US 5 Year CMT T-Note + 2.000%) | (US 5 Year CMT T-Note + 2.000%) |
| 100000 | 4.110 <sup>(a)</sup> | 07/24/34 | 85883 |
| (US 5 Year CMT T-Note + 1.750%) | (US 5 Year CMT T-Note + 1.750%) | (US 5 Year CMT T-Note + 1.750%) | (US 5 Year CMT T-Note + 1.750%) |
| 300000 | 2.668 <sup>(a)</sup> | 11/15/35 | 221328 |
| 186000 | 4.421 | 07/24/39 | 155563 |
| 100000 | 2.963 | 11/16/40 | 64710 |
| Westpac Banking Corp.<sup>(a)</sup>, GMTN (Australia) | Westpac Banking Corp.<sup>(a)</sup>, GMTN (Australia) | Westpac Banking Corp.<sup>(a)</sup>, GMTN (Australia) | Westpac Banking Corp.<sup>(a)</sup>, GMTN (Australia) |
| (5 Year USD Swap + 2.236%) | (5 Year USD Swap + 2.236%) | (5 Year USD Swap + 2.236%) | (5 Year USD Swap + 2.236%) |
| 146000 | 4.322 | 11/23/31 | 132550 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;56829344 |
| **Beverages – 0.1%** | **Beverages – 0.1%** | **Beverages – 0.1%** | **Beverages – 0.1%** |
| Coca-Cola Femsa SAB de CV (Mexico) | Coca-Cola Femsa SAB de CV (Mexico) | Coca-Cola Femsa SAB de CV (Mexico) | Coca-Cola Femsa SAB de CV (Mexico) |
| 280000 | 2.750 | 01/22/30 | 245735 |
| **Brokerage – 0.2%** | **Brokerage – 0.2%** | **Brokerage – 0.2%** | **Brokerage – 0.2%** |
| Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) |
| 314000 | 3.900 | 01/25/28 | 292626 |
| 120000 | 4.850 | 03/29/29 | 116004 |
| 125000 | 4.350 | 04/15/30 | 114818 |
| 237000 | 4.700 | 09/20/47 | 193260 |
| Nomura Holdings, Inc. (Japan) | Nomura Holdings, Inc. (Japan) | Nomura Holdings, Inc. (Japan) | Nomura Holdings, Inc. (Japan) |
| 330000 | 2.999 | 01/22/32 | 261125 |
|  |  |  | 977833 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Consumer Cyclical – 0.0%** | **Consumer Cyclical – 0.0%** | **Consumer Cyclical – 0.0%** | **Consumer Cyclical – 0.0%** |
| Toyota Motor Corp. (Japan) | Toyota Motor Corp. (Japan) | Toyota Motor Corp. (Japan) | Toyota Motor Corp. (Japan) |
| 80000 | 1.339% | 03/25/26 | $72322 |
| **Consumer Noncyclical – 1.2%** | **Consumer Noncyclical – 1.2%** | **Consumer Noncyclical – 1.2%** | **Consumer Noncyclical – 1.2%** |
| BAT Capital Corp. (United Kingdom) | BAT Capital Corp. (United Kingdom) | BAT Capital Corp. (United Kingdom) | BAT Capital Corp. (United Kingdom) |
| 264000 | 3.215 | 09/06/26 | 245413 |
| 400000 | 4.700 | 04/02/27 | 384586 |
| 600000 | 3.557 | 08/15/27 | 546881 |
| 130000 | 2.259 | 03/25/28 | 108842 |
| 264000 | 2.726 | 03/25/31 | 208377 |
| 444000 | 4.390 | 08/15/37 | 347317 |
| 398000 | 4.540 | 08/15/47 | 289067 |
| 204000 | 4.758 | 09/06/49 | 152570 |
| BAT International Finance PLC (United Kingdom) | BAT International Finance PLC (United Kingdom) | BAT International Finance PLC (United Kingdom) | BAT International Finance PLC (United Kingdom) |
| 292000 | 1.668 | 03/25/26 | 258636 |
| GlaxoSmithKline Capital, Inc. (United Kingdom) | GlaxoSmithKline Capital, Inc. (United Kingdom) | GlaxoSmithKline Capital, Inc. (United Kingdom) | GlaxoSmithKline Capital, Inc. (United Kingdom) |
| 910000 | 3.875 | 05/15/28 | 877048 |
| 511000 | 6.375 | 05/15/38 | 586075 |
| Novartis Capital Corp. (Switzerland) | Novartis Capital Corp. (Switzerland) | Novartis Capital Corp. (Switzerland) | Novartis Capital Corp. (Switzerland) |
| 70000 | 3.400 | 05/06/24 | 68927 |
| 158000 | 1.750 | 02/14/25 | 149382 |
| 115000 | 3.000 | 11/20/25 | 110426 |
| 214000 | 3.100 | 05/17/27 | 204944 |
| 262000 | 2.200 | 08/14/30 | 226720 |
| 220000 | 4.400 | 05/06/44 | 206772 |
| 180000 | 4.000 | 11/20/45 | 159439 |
| 225000 | 2.750 | 08/14/50 | 159717 |
| Reynolds American, Inc. (United Kingdom) | Reynolds American, Inc. (United Kingdom) | Reynolds American, Inc. (United Kingdom) | Reynolds American, Inc. (United Kingdom) |
| 575000 | 4.450 | 06/12/25 | 565175 |
| 468000 | 5.850 | 08/15/45 | 410284 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6266598 |
| **Consumer Products – 0.2%** | **Consumer Products – 0.2%** | **Consumer Products – 0.2%** | **Consumer Products – 0.2%** |
| Unilever Capital Corp. (United Kingdom) | Unilever Capital Corp. (United Kingdom) | Unilever Capital Corp. (United Kingdom) | Unilever Capital Corp. (United Kingdom) |
| 100000 | 2.900 | 05/05/27 | 93853 |
| 500000 | 3.500 | 03/22/28 | 474705 |
| 500000 | 2.125 | 09/06/29 | 428613 |
| 132000 | 5.900 | 11/15/32 | 143834 |
|  |  |  | 1141005 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Energy – 2.5%** | **Energy – 2.5%** | **Energy – 2.5%** | **Energy – 2.5%** |
| BP Capital Markets PLC (United Kingdom) | BP Capital Markets PLC (United Kingdom) | BP Capital Markets PLC (United Kingdom) | BP Capital Markets PLC (United Kingdom) |
| 764000 | 3.279% | 09/19/27 | $720460 |
| 168000 | 3.723 | 11/28/28 | 159928 |
| Canadian Natural Resources Ltd. (Canada) | Canadian Natural Resources Ltd. (Canada) | Canadian Natural Resources Ltd. (Canada) | Canadian Natural Resources Ltd. (Canada) |
| 513000 | 3.850 | 06/01/27 | 486382 |
| Canadian Natural Resources Ltd., GMTN (Canada) | Canadian Natural Resources Ltd., GMTN (Canada) | Canadian Natural Resources Ltd., GMTN (Canada) | Canadian Natural Resources Ltd., GMTN (Canada) |
| 214000 | 4.950 | 06/01/47 | 193118 |
| Cenovus Energy, Inc. (Canada) | Cenovus Energy, Inc. (Canada) | Cenovus Energy, Inc. (Canada) | Cenovus Energy, Inc. (Canada) |
| 172000 | 6.750 | 11/15/39 | 181674 |
| 322000 | 5.400 | 06/15/47 | 297349 |
| Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) |
| 152000 | 4.000 | 10/01/23 | 150225 |
| 708000 | 3.125 | 11/15/29 | 629578 |
| (3M USD LIBOR + 3.641%) | (3M USD LIBOR + 3.641%) | (3M USD LIBOR + 3.641%) | (3M USD LIBOR + 3.641%) |
| 570000 | 6.250 <sup>(a)</sup> | 03/01/78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515850 |
| Equinor ASA (Norway) | Equinor ASA (Norway) | Equinor ASA (Norway) | Equinor ASA (Norway) |
| 70000 | 2.650 | 01/15/24 | 68346 |
| 70000 | 3.700 | 03/01/24 | 69068 |
| 460000 | 2.875 | 04/06/25 | 442166 |
| 200000 | 1.750 | 01/22/26 | 183686 |
| 300000 | 3.125 | 04/06/30 | 273031 |
| 100000 | 2.375 | 05/22/30 | 86356 |
| 430000 | 3.950 | 05/15/43 | 369039 |
| 114000 | 3.250 | 11/18/49 | 85553 |
| 250000 | 3.700 | 04/06/50 | 205411 |
| Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) |
| 362000 | 2.000 | 11/07/24 | 345722 |
| 682000 | 3.250 | 05/11/25 | 663355 |
| 330000 | 2.875 | 05/10/26 | 314484 |
| 130000 | 2.500 | 09/12/26 | 121819 |
| 352000 | 3.875 | 11/13/28 | 342873 |
| 352000 | 2.375 | 11/07/29 | 309052 |
| 300000 | 2.750 | 04/06/30 | 267523 |
| 328000 | 4.125 | 05/11/35 | 306959 |
| 761000 | 6.375 | 12/15/38 | 857285 |
| 352000 | 4.375 | 05/11/45 | 317014 |
| 450000 | 4.000 | 05/10/46 | 379755 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Shell International Finance BV (Netherlands) – (continued) | Shell International Finance BV (Netherlands) – (continued) | Shell International Finance BV (Netherlands) – (continued) | Shell International Finance BV (Netherlands) – (continued) |
| 334000 | 3.750% | 09/12/46 | $269886 |
| 282000 | 3.125 | 11/07/49 | 206428 |
| Suncor Energy, Inc. (Canada) | Suncor Energy, Inc. (Canada) | Suncor Energy, Inc. (Canada) | Suncor Energy, Inc. (Canada) |
| 80000 | 6.800 | 05/15/38 | 85827 |
| 384000 | 4.000 | 11/15/47 | 302578 |
| 100000 | 3.750 | 03/04/51 | 73829 |
| TotalEnergies Capital International SA (France) | TotalEnergies Capital International SA (France) | TotalEnergies Capital International SA (France) | TotalEnergies Capital International SA (France) |
| 184000 | 3.750 | 04/10/24 | 182016 |
| 280000 | 2.829 | 01/10/30 | 250410 |
| 335000 | 2.986 | 06/29/41 | 254589 |
| 370000 | 3.461 | 07/12/49 | 285617 |
| 220000 | 3.386 | 06/29/60 | 157936 |
| TotalEnergies Capital SA (France) | TotalEnergies Capital SA (France) | TotalEnergies Capital SA (France) | TotalEnergies Capital SA (France) |
| 344000 | 3.883 | 10/11/28 | 333895 |
| TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) |
| 433000 | 2.500 | 10/12/31 | 350863 |
| 400000 | 4.625 | 03/01/34 | 368729 |
| 420000 | 7.625 | 01/15/39 | 490123 |
| 120000 | 4.875 | 05/15/48 | 108140 |
| 150000 | 5.100 | 03/15/49 | 140062 |
| Transcanada Trust<sup>(a)</sup>, Series 16-A (Canada) | Transcanada Trust<sup>(a)</sup>, Series 16-A (Canada) | Transcanada Trust<sup>(a)</sup>, Series 16-A (Canada) | Transcanada Trust<sup>(a)</sup>, Series 16-A (Canada) |
| (3M USD LIBOR + 4.640%) | (3M USD LIBOR + 4.640%) | (3M USD LIBOR + 4.640%) | (3M USD LIBOR + 4.640%) |
| 198000 | 5.875 | 08/15/76 | 186863 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;13390852 |
| **Financial Company – 0.7%** | **Financial Company – 0.7%** | **Financial Company – 0.7%** | **Financial Company – 0.7%** |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) |
| 500000 | 3.150 | 02/15/24 | 482847 |
| 500000 | 3.500 | 01/15/25 | 477421 |
| 300000 | 6.500 | 07/15/25 | 303697 |
| 952000 | 2.450 | 10/29/26 | 835564 |
| 300000 | 3.000 | 10/29/28 | 252735 |
| 952000 | 3.300 | 01/30/32 | 757901 |
| 300000 | 3.400 | 10/29/33 | 233132 |
| 480000 | 3.850 | 10/29/41 | 353019 |
|  |  |  | 3696316 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Food and Beverage – 1.6%** | **Food and Beverage – 1.6%** | **Food and Beverage – 1.6%** | **Food and Beverage – 1.6%** |
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) |
| 518000 | 3.650% | 02/01/26 | $504142 |
| 950000 | 4.700 | 02/01/36 | 906915 |
| 1466000 | 4.900 | 02/01/46 | 1378573 |
| Anheuser-Busch InBev Finance, Inc. (Belgium) | Anheuser-Busch InBev Finance, Inc. (Belgium) | Anheuser-Busch InBev Finance, Inc. (Belgium) | Anheuser-Busch InBev Finance, Inc. (Belgium) |
| 100000 | 4.000 | 01/17/43 | 86510 |
| 226000 | 4.625 | 02/01/44 | 206227 |
| 300000 | 4.900 | 02/01/46 | 282109 |
| Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch InBev Worldwide, Inc. (Belgium) |
| 536000 | 4.000 | 04/13/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519446 |
| 628000 | 4.750 | 01/23/29 | 627802 |
| 281000 | 4.900 | 01/23/31 | 284637 |
| 429000 | 4.375 | 04/15/38 | 394358 |
| 500000 | 5.450 | 01/23/39 | 510641 |
| 100000 | 4.350 | 06/01/40 | 91067 |
| 356000 | 4.950 | 01/15/42 | 341307 |
| 435000 | 4.600 | 04/15/48 | 397843 |
| 146000 | 4.439 | 10/06/48 | 128571 |
| 632000 | 5.550 | 01/23/49 | 650117 |
| 280000 | 4.500 | 06/01/50 | 254218 |
| 310000 | 4.750 | 04/15/58 | 285032 |
| 382000 | 5.800 | 01/23/59 | 402726 |
| Diageo Capital PLC (United Kingdom) | Diageo Capital PLC (United Kingdom) | Diageo Capital PLC (United Kingdom) | Diageo Capital PLC (United Kingdom) |
| 200000 | 1.375 | 09/29/25 | 183109 |
| 200000 | 2.375 | 10/24/29 | 171894 |
|  |  |  | 8607244 |
| **Insurance – 0.0%** | **Insurance – 0.0%** | **Insurance – 0.0%** | **Insurance – 0.0%** |
| Manulife Financial Corp. (Canada) | Manulife Financial Corp. (Canada) | Manulife Financial Corp. (Canada) | Manulife Financial Corp. (Canada) |
| 186000 | 5.375 | 03/04/46 | 179878 |
| **Internet – 0.5%** | **Internet – 0.5%** | **Internet – 0.5%** | **Internet – 0.5%** |
| Alibaba Group Holding Ltd. (China) | Alibaba Group Holding Ltd. (China) | Alibaba Group Holding Ltd. (China) | Alibaba Group Holding Ltd. (China) |
| 500000 | 3.600 | 11/28/24 | 482671 |
| 744000 | 3.400 | 12/06/27 | 685380 |
| 560000 | 2.125 | 02/09/31 | 449144 |
| 400000 | 4.000 | 12/06/37 | 319630 |
| 550000 | 4.200 | 12/06/47 | 430098 |
| 300000 | 3.150 | 02/09/51 | 191840 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Internet – (continued)** | **Internet – (continued)** | **Internet – (continued)** | **Internet – (continued)** |
| Alibaba Group Holding Ltd. (China) – (continued) | Alibaba Group Holding Ltd. (China) – (continued) | Alibaba Group Holding Ltd. (China) – (continued) | Alibaba Group Holding Ltd. (China) – (continued) |
| 200000 | 4.400% | 12/06/57 | $151869 |
|  |  |  | 2710632 |
| **Metals and Mining – 0.2%** | **Metals and Mining – 0.2%** | **Metals and Mining – 0.2%** | **Metals and Mining – 0.2%** |
| BHP Billiton Finance USA Ltd. (Australia) | BHP Billiton Finance USA Ltd. (Australia) | BHP Billiton Finance USA Ltd. (Australia) | BHP Billiton Finance USA Ltd. (Australia) |
| 511000 | 4.125 | 02/24/42 | 452163 |
| 274000 | 5.000 | 09/30/43 | 272909 |
| Rio Tinto Finance USA Ltd. (Australia) | Rio Tinto Finance USA Ltd. (Australia) | Rio Tinto Finance USA Ltd. (Australia) | Rio Tinto Finance USA Ltd. (Australia) |
| 80000 | 7.125 | 07/15/28 | 88651 |
| 306000 | 5.200 | 11/02/40 | 311803 |
| Rio Tinto Finance USA PLC (Australia) | Rio Tinto Finance USA PLC (Australia) | Rio Tinto Finance USA PLC (Australia) | Rio Tinto Finance USA PLC (Australia) |
| 80000 | 4.125 | 08/21/42 | 70601 |
|  |  |  | 1196127 |
| **Mining – 0.2%** | **Mining – 0.2%** | **Mining – 0.2%** | **Mining – 0.2%** |
| Southern Copper Corp. (Peru) | Southern Copper Corp. (Peru) | Southern Copper Corp. (Peru) | Southern Copper Corp. (Peru) |
| 341000 | 7.500 | 07/27/35 | 386421 |
| 242000 | 6.750 | 04/16/40 | 264405 |
| 166000 | 5.250 | 11/08/42 | 155827 |
| 241000 | 5.875 | 04/23/45 | 242147 |
|  |  |  | 1048800 |
| **Oil Company-Exploration & Production – 0.0%** | **Oil Company-Exploration & Production – 0.0%** | **Oil Company-Exploration & Production – 0.0%** | **Oil Company-Exploration & Production – 0.0%** |
| CNOOC Finance 2015 USA LLC (China) | CNOOC Finance 2015 USA LLC (China) | CNOOC Finance 2015 USA LLC (China) | CNOOC Finance 2015 USA LLC (China) |
| 200000 | 4.375 | 05/02/28 | 196309 |
| **Oil Company-Integrated – 0.3%** | **Oil Company-Integrated – 0.3%** | **Oil Company-Integrated – 0.3%** | **Oil Company-Integrated – 0.3%** |
| Ecopetrol SA (Colombia) | Ecopetrol SA (Colombia) | Ecopetrol SA (Colombia) | Ecopetrol SA (Colombia) |
| 233000 | 5.875 | 09/18/23 | 231835 |
| 150000 | 4.125 | 01/16/25 | 141000 |
| 200000 | 5.375 | 06/26/26 | 187125 |
| 398000 | 6.875 | 04/29/30 | 357205 |
| 178000 | 7.375 | 09/18/43 | 148630 |
| 400000 | 5.875 | 05/28/45 | 274000 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1339795 |
| **Semiconductors – 0.1%** | **Semiconductors – 0.1%** | **Semiconductors – 0.1%** | **Semiconductors – 0.1%** |
| TSMC Arizona Corp. (Taiwan) | TSMC Arizona Corp. (Taiwan) | TSMC Arizona Corp. (Taiwan) | TSMC Arizona Corp. (Taiwan) |
| 260000 | 1.750 | 10/25/26 | 231699 |
| 720000 | 3.250 | 10/25/51 | 522851 |
|  |  |  | 754550 |

---

------

GOLDMAN SACHS ACCESS INVESTMENT GRADE CORPORATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Technology – 0.1%** | **Technology – 0.1%** | **Technology – 0.1%** | **Technology – 0.1%** |
| NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) |
| 80000 | 4.875% | 03/01/24 | $79358 |
| NXP BV / NXP Funding LLC / NXP USA, Inc. (China) | NXP BV / NXP Funding LLC / NXP USA, Inc. (China) | NXP BV / NXP Funding LLC / NXP USA, Inc. (China) | NXP BV / NXP Funding LLC / NXP USA, Inc. (China) |
| 226000 | 3.400 | 05/01/30 | 195435 |
| 263000 | 2.500 | 05/11/31 | 207397 |
| 289000 | 2.650 | 02/15/32 | 226215 |
|  |  |  | 708405 |
| **Telecommunications – 0.3%** | **Telecommunications – 0.3%** | **Telecommunications – 0.3%** | **Telecommunications – 0.3%** |
| America Movil SAB de CV (Mexico) | America Movil SAB de CV (Mexico) | America Movil SAB de CV (Mexico) | America Movil SAB de CV (Mexico) |
| 266000 | 2.875 | 05/07/30 | 228600 |
| 640000 | 6.125 | 03/30/40 | 664617 |
| 470000 | 4.375 | 04/22/49 | 402565 |
|  |  |  | 1295782 |
| **Wireless – 0.7%** | **Wireless – 0.7%** | **Wireless – 0.7%** | **Wireless – 0.7%** |
| Rogers Communications, Inc. (Canada) | Rogers Communications, Inc. (Canada) | Rogers Communications, Inc. (Canada) | Rogers Communications, Inc. (Canada) |
| 70000 | 4.100 | 10/01/23 | 69242 |
| 594000 | 4.300 | 02/15/48 | 464669 |
| 500000 | 4.350 | 05/01/49 | 392403 |
| Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) |
| 785000 | 3.750 | 01/16/24 | 776052 |
| 150000 | 4.125 | 05/30/25 | 147874 |
| 419000 | 6.150 | 02/27/37 | 425621 |
| 300000 | 5.000 | 05/30/38 | 277361 |
| 498000 | 5.250 | 05/30/48 | 449069 |
| 350000 | 4.875 | 06/19/49 | 298107 |
| 330000 | 4.250 | 09/17/50 | 261907 |
|  |  |  | 3562305 |
| **Wirelines – 0.2%** | **Wirelines – 0.2%** | **Wirelines – 0.2%** | **Wirelines – 0.2%** |
| British Telecommunications PLC (United Kingdom) | British Telecommunications PLC (United Kingdom) | British Telecommunications PLC (United Kingdom) | British Telecommunications PLC (United Kingdom) |
| 300000 | 9.625 | 12/15/30 | 361333 |
| Deutsche Telekom International Finance BV (Germany) | Deutsche Telekom International Finance BV (Germany) | Deutsche Telekom International Finance BV (Germany) | Deutsche Telekom International Finance BV (Germany) |
| 650000 | 8.750 | 06/15/30 | 773654 |
|  |  |  | 1134987 |
| **TOTAL FOREIGN CORPORATE DEBT** | **TOTAL FOREIGN CORPORATE DEBT** | **TOTAL FOREIGN CORPORATE DEBT** | **TOTAL FOREIGN CORPORATE DEBT** |
| **(Cost $123,013,184)** | **(Cost $123,013,184)** | **(Cost $123,013,184)** | $105354819 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 0.3%<sup>(c)</sup>** | **Investment Company – 0.3%<sup>(c)</sup>** | **Investment Company – 0.3%<sup>(c)</sup>** |
|  Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares | Goldman Sachs Financial Square Government Fund – Institutional Shares |
| 1575054 | 3.727% | $1575054 |
| **(Cost $1,575,054)** | **(Cost $1,575,054)** | **(Cost $1,575,054)** |
| **TOTAL INVESTMENTS – 99.0%** | **TOTAL INVESTMENTS – 99.0%** | **TOTAL INVESTMENTS – 99.0%** |
| **(Cost $622,179,045)** | **(Cost $622,179,045)** | $529556867 |
| **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 1.0%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 1.0%** | 5157961 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $534714828 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Variable rate security. Interest rate or distribution rate disclosed is that which is in effect on November 30, 2022. |
| (b) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (c) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| CMT | — Constant Maturity Treasury Index |
| GMTN | — Global Medium Term Note |
| LIBOR | — London Interbank Offered Rate |
| LP | — Limited Partnership |
| MTN | — Medium Term Note |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SOFR | — Secured Overnight Financing Rate |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – 83.7%** | **U.S. Treasury Bills – 83.7%** | **U.S. Treasury Bills – 83.7%** | **U.S. Treasury Bills – 83.7%** | **U.S. Treasury Bills – 83.7%** |
|  U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills |
|  $ | 112123200 | 3.012% | 01/05/23 | $111706768 |
|  | 429000 | 3.083 | 01/05/23 | 427407 |
|  | 1326000 | 3.100 | 01/05/23 | 1321075 |
|  | 273000 | 3.139 | 01/05/23 | 271986 |
|  | 1248000 | 3.145 | 01/05/23 | 1243365 |
|  | 1521000 | 3.185 | 01/05/23 | 1515351 |
|  | 31984700 | 3.231 | 01/05/23 | 31865907 |
|  | 1404000 | 3.247 | 01/05/23 | 1398785 |
|  | 2886000 | 3.255 | 01/05/23 | 2875281 |
|  | 2964000 | 3.259 | 01/05/23 | 2952992 |
|  | 780000 | 3.261 | 01/05/23 | 777103 |
|  | 5148000 | 3.272 | 01/05/23 | 5128880 |
|  | 1404000 | 3.281 | 01/05/23 | 1398785 |
|  | 1560000 | 3.285 | 01/05/23 | 1554206 |
|  | 1248000 | 3.300 | 01/05/23 | 1243365 |
|  | 1800000 | 3.328 | 01/05/23 | 1793315 |
|  | 96000 | 3.345 | 01/05/23 | 95643 |
|  | 702000 | 3.366 | 01/05/23 | 699393 |
|  | 288000 | 3.368 | 01/05/23 | 286930 |
|  | 1056000 | 3.374 | 01/05/23 | 1052078 |
|  | 507000 | 3.375 | 01/05/23 | 505117 |
|  | 1053000 | 3.384 | 01/05/23 | 1049089 |
|  | 1920000 | 3.385 | 01/05/23 | 1912869 |
|  | 3552000 | 3.390 | 01/05/23 | 3538808 |
|  | 864000 | 3.420 | 01/05/23 | 860791 |
|  | 480000 | 3.429 | 01/05/23 | 478217 |
|  | 624000 | 3.454 | 01/05/23 | 621682 |
|  | 720000 | 3.542 | 01/05/23 | 717326 |
|  | 480000 | 3.558 | 01/05/23 | 478217 |
|  | 2064000 | 3.582 | 01/05/23 | 2056334 |
|  | 1612000 | 3.714 | 01/05/23 | 1606013 |
|  | 2728000 | 3.736 | 01/05/23 | 2717868 |
|  | 1104000 | 3.745 | 01/05/23 | 1099900 |
|  | 720000 | 3.749 | 01/05/23 | 717326 |
|  | 248000 | 3.757 | 01/05/23 | 247079 |
|  | 1302000 | 3.759 | 01/05/23 | 1297164 |
|  | 372000 | 3.761 | 01/05/23 | 370618 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 192000 | 3.763% | 01/05/23 | $191287 |
|  | 768000 | 3.769 | 01/05/23 | 765148 |
|  | 55237000 | 3.799 | 01/05/23 | 55031847 |
|  | 496000 | 3.810 | 01/05/23 | 494158 |
|  | 2232000 | 3.812 | 01/05/23 | 2223710 |
|  | 1302000 | 3.839 | 01/05/23 | 1297164 |
|  | 744000 | 3.847 | 01/05/23 | 741237 |
|  | 6100000 | 3.849 | 01/05/23 | 6077344 |
|  | 1296000 | 3.868 | 01/05/23 | 1291187 |
|  | 310000 | 3.881 | 01/05/23 | 308849 |
|  | 868000 | 3.882 | 01/05/23 | 864776 |
|  | 1054000 | 3.889 | 01/05/23 | 1050085 |
|  | 2852000 | 3.903 | 01/05/23 | 2841408 |
|  | 173074500 | 3.062 | 01/19/23 | 172149430 |
|  | 2745000 | 3.103 | 01/19/23 | 2730328 |
|  | 671000 | 3.118 | 01/19/23 | 667414 |
|  | 2074000 | 3.155 | 01/19/23 | 2062915 |
|  | 427000 | 3.190 | 01/19/23 | 424718 |
|  | 1952000 | 3.206 | 01/19/23 | 1941567 |
|  | 2379000 | 3.225 | 01/19/23 | 2366284 |
|  | 1364000 | 3.409 | 01/19/23 | 1356710 |
|  | 1220000 | 3.413 | 01/19/23 | 1213479 |
|  | 4588000 | 3.420 | 01/19/23 | 4563478 |
|  | 4514000 | 3.428 | 01/19/23 | 4489873 |
|  | 4818000 | 3.431 | 01/19/23 | 4792248 |
|  | 4674000 | 3.438 | 01/19/23 | 4649018 |
|  | 2944000 | 3.444 | 01/19/23 | 2928265 |
|  | 2440000 | 3.455 | 01/19/23 | 2426958 |
|  | 2196000 | 3.464 | 01/19/23 | 2184263 |
|  | 8052000 | 3.474 | 01/19/23 | 8008963 |
|  | 2800000 | 3.477 | 01/19/23 | 2785034 |
|  | 1116000 | 3.479 | 01/19/23 | 1110035 |
|  | 806000 | 3.517 | 01/19/23 | 801692 |
|  | 1647000 | 3.522 | 01/19/23 | 1638197 |
|  | 620000 | 3.667 | 01/19/23 | 616686 |
|  | 930000 | 3.773 | 01/19/23 | 925029 |
|  | 408000 | 3.862 | 01/19/23 | 405819 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 612000 | 3.865% | 01/19/23 | $608729 |
|  | 2666000 | 3.886 | 01/19/23 | 2651750 |
|  | 2142000 | 3.897 | 01/19/23 | 2130551 |
|  | 3672000 | 3.916 | 01/19/23 | 3652373 |
|  | 4488000 | 3.917 | 01/19/23 | 4464012 |
|  | 1224000 | 3.920 | 01/19/23 | 1217458 |
|  | 2652000 | 3.944 | 01/19/23 | 2637825 |
|  | 60683200 | 3.952 | 01/19/23 | 60358853 |
|  | 2128000 | 3.982 | 01/19/23 | 2116626 |
|  | 1771000 | 3.987 | 01/19/23 | 1761534 |
|  | 1155000 | 3.988 | 01/19/23 | 1148827 |
|  | 816000 | 3.994 | 01/19/23 | 811639 |
|  | 9800000 | 3.995 | 01/19/23 | 9747620 |
|  | 1736000 | 3.996 | 01/19/23 | 1726721 |
|  | 1734000 | 3.997 | 01/19/23 | 1724732 |
|  | 510000 | 4.005 | 01/19/23 | 507274 |
|  | 100355600 | 4.026 | 01/19/23 | 99819207 |
|  | 1232000 | 4.033 | 01/19/23 | 1225415 |
|  | 2142000 | 4.046 | 01/19/23 | 2130551 |
|  | 4692000 | 4.077 | 01/19/23 | 4666922 |
|  | 108440800 | 3.552 | 01/24/23 | 107788410 |
|  | 180000 | 3.565 | 01/24/23 | 178917 |
|  | 1200000 | 3.566 | 01/24/23 | 1192781 |
|  | 60000 | 3.574 | 01/24/23 | 59639 |
|  | 300000 | 3.606 | 01/24/23 | 298195 |
|  | 540000 | 3.615 | 01/24/23 | 536751 |
|  | 390000 | 3.620 | 01/24/23 | 387654 |
|  | 300000 | 3.746 | 01/24/23 | 298195 |
|  | 450000 | 3.775 | 01/24/23 | 447293 |
|  | 1290000 | 3.843 | 01/24/23 | 1282239 |
|  | 264000 | 3.970 | 01/24/23 | 262412 |
|  | 176000 | 3.983 | 01/24/23 | 174941 |
|  | 1584000 | 3.986 | 01/24/23 | 1574471 |
|  | 1936000 | 3.996 | 01/24/23 | 1924353 |
|  | 1144000 | 4.008 | 01/24/23 | 1137118 |
|  | 924000 | 4.009 | 01/24/23 | 918441 |
|  | 690000 | 4.010 | 01/24/23 | 685849 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 450000 | 4.023% | 01/24/23 | $447293 |
|  | 528000 | 4.024 | 01/24/23 | 524824 |
|  | 616000 | 4.034 | 01/24/23 | 612294 |
|  | 120000 | 4.039 | 01/24/23 | 119278 |
|  | 220000 | 4.042 | 01/24/23 | 218676 |
|  | 3800000 | 4.052 | 01/24/23 | 3777139 |
|  | 924000 | 4.069 | 01/24/23 | 918441 |
|  | 352000 | 4.073 | 01/24/23 | 349882 |
|  | 480000 | 4.076 | 01/24/23 | 477112 |
|  | 912000 | 4.090 | 01/24/23 | 906513 |
|  | 55240700 | 4.096 | 01/24/23 | 54908367 |
|  | 2024000 | 4.097 | 01/24/23 | 2011823 |
|  | 123223600 | 4.106 | 01/24/23 | 122482276 |
|  | 748000 | 4.154 | 01/24/23 | 743500 |
|  | 291035400 | 3.550 | 02/02/23 | 288990536 |
|  | 166000 | 3.577 | 02/02/23 | 164834 |
|  | 3320000 | 3.596 | 02/02/23 | 3296673 |
|  | 6142000 | 3.628 | 02/02/23 | 6098845 |
|  | 830000 | 3.629 | 02/02/23 | 824168 |
|  | 1826000 | 3.633 | 02/02/23 | 1813170 |
|  | 1494000 | 3.635 | 02/02/23 | 1483503 |
|  | 1577000 | 3.672 | 02/02/23 | 1565920 |
|  | 830000 | 3.822 | 02/02/23 | 824168 |
|  | 1245000 | 3.840 | 02/02/23 | 1236252 |
|  | 3569000 | 3.878 | 02/02/23 | 3543924 |
|  | 1245000 | 4.033 | 02/02/23 | 1236252 |
|  | 1909000 | 4.035 | 02/02/23 | 1895587 |
|  | 332000 | 4.048 | 02/02/23 | 329667 |
|  | 696000 | 4.051 | 02/02/23 | 691110 |
|  | 2436000 | 4.054 | 02/02/23 | 2418884 |
|  | 1328000 | 4.065 | 02/02/23 | 1318669 |
|  | 928000 | 4.087 | 02/02/23 | 921480 |
|  | 464000 | 4.090 | 02/02/23 | 460740 |
|  | 3016000 | 4.091 | 02/02/23 | 2994809 |
|  | 5568000 | 4.096 | 02/02/23 | 5528878 |
|  | 5104000 | 4.103 | 02/02/23 | 5068138 |
|  | 1972000 | 4.113 | 02/02/23 | 1958144 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 1624000 | 4.116% | 02/02/23 | $1612590 |
|  | 313171500 | 4.121 | 02/02/23 | 310971104 |
|  | 2436000 | 4.124 | 02/02/23 | 2418884 |
|  | 132391300 | 4.139 | 02/02/23 | 131461096 |
|  | 5336000 | 4.140 | 02/02/23 | 5298508 |
|  | 2416000 | 4.151 | 02/02/23 | 2399025 |
|  | 10600000 | 4.152 | 02/02/23 | 10525523 |
|  | 580000 | 4.165 | 02/02/23 | 575925 |
|  | 500140300 | 4.414 | 03/14/23 | 494049029 |
|  | 128000 | 1.889 | 04/20/23 | 125829 |
|  | 132000 | 1.897 | 04/20/23 | 129761 |
|  | 48000 | 1.904 | 04/20/23 | 47186 |
|  | 224000 | 1.911 | 04/20/23 | 220201 |
|  | 103671100 | 1.929 | 04/20/23 | 101912822 |
|  | 64000 | 1.936 | 04/20/23 | 62915 |
|  | 368000 | 1.937 | 04/20/23 | 361759 |
|  | 80000 | 1.973 | 04/20/23 | 78643 |
|  | 208000 | 1.994 | 04/20/23 | 204472 |
|  | 112000 | 2.010 | 04/20/23 | 110100 |
|  | 112000 | 2.025 | 04/20/23 | 110100 |
|  | 112000 | 2.032 | 04/20/23 | 110100 |
|  | 610000 | 2.034 | 04/20/23 | 599654 |
|  | 32067000 | 2.058 | 04/20/23 | 31523139 |
|  | 944000 | 2.067 | 04/20/23 | 927990 |
|  | 1403000 | 2.127 | 04/20/23 | 1379205 |
|  | 244000 | 2.163 | 04/20/23 | 239862 |
|  | 732000 | 2.459 | 04/20/23 | 719585 |
|  | 4819000 | 2.615 | 04/20/23 | 4737269 |
|  | 183000 | 2.683 | 04/20/23 | 179896 |
|  | 732000 | 2.692 | 04/20/23 | 719585 |
|  | 1342000 | 2.750 | 04/20/23 | 1319240 |
|  | 2100000 | 2.921 | 04/20/23 | 2064384 |
|  | 2760000 | 2.983 | 04/20/23 | 2713190 |
|  | 2040000 | 2.993 | 04/20/23 | 2005401 |
|  | 240000 | 3.025 | 04/20/23 | 235930 |
|  | 720000 | 3.032 | 04/20/23 | 707789 |
|  | 4920000 | 3.039 | 04/20/23 | 4836556 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 240000 | 3.048% | 04/20/23 | $235930 |
|  | 1500000 | 3.077 | 04/20/23 | 1474560 |
|  | 600000 | 3.092 | 04/20/23 | 589824 |
|  | 1080000 | 3.103 | 04/20/23 | 1061683 |
|  | 600000 | 3.104 | 04/20/23 | 589824 |
|  | 4165000 | 3.141 | 04/20/23 | 4094361 |
|  | 1615000 | 3.193 | 04/20/23 | 1587609 |
|  | 3416000 | 3.203 | 04/20/23 | 3358064 |
|  | 660000 | 3.206 | 04/20/23 | 648806 |
|  | 2700000 | 3.208 | 04/20/23 | 2654208 |
|  | 5440000 | 3.223 | 04/20/23 | 5347737 |
|  | 1920000 | 3.238 | 04/20/23 | 1887437 |
|  | 2040000 | 3.239 | 04/20/23 | 2005401 |
|  | 420000 | 3.268 | 04/20/23 | 412877 |
|  | 2340000 | 3.346 | 04/20/23 | 2300313 |
|  | 1116000 | 3.589 | 04/20/23 | 1097072 |
|  | 2232000 | 3.690 | 04/20/23 | 2194145 |
|  | 4731000 | 3.730 | 04/20/23 | 4650762 |
|  | 124000 | 3.735 | 04/20/23 | 121897 |
|  | 1240000 | 3.737 | 04/20/23 | 1218969 |
|  | 2241000 | 3.746 | 04/20/23 | 2202992 |
|  | 2800000 | 3.750 | 04/20/23 | 2752512 |
|  | 460000 | 3.754 | 04/20/23 | 452198 |
|  | 4588000 | 3.755 | 04/20/23 | 4510187 |
|  | 8184000 | 3.759 | 04/20/23 | 8045198 |
|  | 2480000 | 3.766 | 04/20/23 | 2437939 |
|  | 1364000 | 3.772 | 04/20/23 | 1340866 |
|  | 4588000 | 3.776 | 04/20/23 | 4510187 |
|  | 1984000 | 3.779 | 04/20/23 | 1950351 |
|  | 2480000 | 3.797 | 04/20/23 | 2437939 |
|  | 620000 | 3.913 | 04/20/23 | 609485 |
|  | 1116000 | 3.931 | 04/20/23 | 1097072 |
|  | 372000 | 3.938 | 04/20/23 | 365691 |
|  | 806000 | 4.011 | 04/20/23 | 792330 |
|  | 620000 | 4.186 | 04/20/23 | 609485 |
|  | 248000 | 4.428 | 04/20/23 | 243794 |
|  | 1426000 | 4.430 | 04/20/23 | 1401815 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 169396300 | 4.473% | 04/20/23 | $166523313 |
|  | 3780000 | 4.480 | 04/20/23 | 3715891 |
|  | 992000 | 4.482 | 04/20/23 | 975176 |
|  | 1260000 | 4.485 | 04/20/23 | 1238630 |
|  | 630000 | 4.487 | 04/20/23 | 619315 |
|  | 420000 | 4.496 | 04/20/23 | 412877 |
|  | 6990000 | 4.504 | 04/20/23 | 6871449 |
|  | 525000 | 4.514 | 04/20/23 | 516096 |
|  | 4620000 | 4.515 | 04/20/23 | 4541644 |
|  | 7900000 | 4.520 | 04/20/23 | 7766015 |
|  | 2205000 | 4.522 | 04/20/23 | 2167603 |
|  | 1470000 | 4.525 | 04/20/23 | 1445069 |
|  | 2205000 | 4.529 | 04/20/23 | 2167603 |
|  | 1785000 | 4.537 | 04/20/23 | 1754726 |
|  | 3570000 | 4.538 | 04/20/23 | 3509452 |
|  | 186226000 | 4.628 | 05/11/23 | 182506557 |
|  | 18664000 | 2.043 | 05/18/23 | 18275937 |
|  | 184000 | 2.199 | 05/18/23 | 180174 |
|  | 32000 | 2.246 | 05/18/23 | 31335 |
|  | 96000 | 2.533 | 05/18/23 | 94004 |
|  | 632000 | 2.623 | 05/18/23 | 618859 |
|  | 24000 | 2.662 | 05/18/23 | 23501 |
|  | 96000 | 2.671 | 05/18/23 | 94004 |
|  | 150000 | 2.699 | 05/18/23 | 146881 |
|  | 176000 | 2.713 | 05/18/23 | 172341 |
|  | 184000 | 2.776 | 05/18/23 | 180174 |
|  | 280000 | 2.927 | 05/18/23 | 274178 |
|  | 368000 | 3.025 | 05/18/23 | 360349 |
|  | 272000 | 3.028 | 05/18/23 | 266345 |
|  | 40000 | 3.076 | 05/18/23 | 39168 |
|  | 656000 | 3.078 | 05/18/23 | 642360 |
|  | 120000 | 3.084 | 05/18/23 | 117505 |
|  | 40000 | 3.113 | 05/18/23 | 39168 |
|  | 280000 | 3.137 | 05/18/23 | 274178 |
|  | 786000 | 3.147 | 05/18/23 | 769657 |
|  | 250000 | 3.164 | 05/18/23 | 244802 |
|  | 110000 | 3.167 | 05/18/23 | 107713 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 266000 | 3.191% | 05/18/23 | $260469 |
|  | 560000 | 3.210 | 05/18/23 | 548356 |
|  | 450000 | 3.211 | 05/18/23 | 440644 |
|  | 272000 | 3.220 | 05/18/23 | 266345 |
|  | 896000 | 3.221 | 05/18/23 | 877370 |
|  | 256000 | 3.236 | 05/18/23 | 250677 |
|  | 56000 | 3.239 | 05/18/23 | 54836 |
|  | 312000 | 3.324 | 05/18/23 | 305513 |
|  | 162000 | 3.529 | 05/18/23 | 158632 |
|  | 94000 | 3.614 | 05/18/23 | 92046 |
|  | 1008000 | 3.652 | 05/18/23 | 987042 |
|  | 90000 | 3.664 | 05/18/23 | 88129 |
|  | 666000 | 3.666 | 05/18/23 | 652153 |
|  | 198000 | 3.671 | 05/18/23 | 193883 |
|  | 18000 | 3.676 | 05/18/23 | 17626 |
|  | 324000 | 3.688 | 05/18/23 | 317263 |
|  | 360000 | 3.692 | 05/18/23 | 352515 |
|  | 180000 | 3.700 | 05/18/23 | 176257 |
|  | 666000 | 3.719 | 05/18/23 | 652153 |
|  | 54000 | 3.722 | 05/18/23 | 52877 |
|  | 162000 | 3.725 | 05/18/23 | 158632 |
|  | 1188000 | 3.732 | 05/18/23 | 1163299 |
|  | 117000 | 3.737 | 05/18/23 | 114567 |
|  | 360000 | 3.745 | 05/18/23 | 352515 |
|  | 288000 | 3.769 | 05/18/23 | 282012 |
|  | 90000 | 3.853 | 05/18/23 | 88129 |
|  | 522000 | 3.915 | 05/18/23 | 511147 |
|  | 135000 | 4.141 | 05/18/23 | 132193 |
|  | 207000 | 4.173 | 05/18/23 | 202696 |
|  | 144000 | 4.214 | 05/18/23 | 141006 |
|  | 36000 | 4.257 | 05/18/23 | 35252 |
|  | 189000 | 4.324 | 05/18/23 | 185070 |
|  | 396000 | 4.343 | 05/18/23 | 387766 |
|  | 1300000 | 4.345 | 05/18/23 | 1272970 |
|  | 36000 | 4.352 | 05/18/23 | 35252 |
|  | 180000 | 4.368 | 05/18/23 | 176257 |
|  | 54000 | 4.369 | 05/18/23 | 52877 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 189000 | 4.390% | 05/18/23 | $185070 |
|  | 54000 | 4.517 | 05/18/23 | 52877 |
|  | 324000 | 4.538 | 05/18/23 | 317263 |
|  | 108000 | 4.574 | 05/18/23 | 105754 |
|  | 126000 | 4.608 | 05/18/23 | 123380 |
|  | 414000 | 4.615 | 05/18/23 | 405392 |
|  | 72000 | 4.618 | 05/18/23 | 70503 |
|  | 45000 | 4.619 | 05/18/23 | 44064 |
|  | 272000 | 4.620 | 05/18/23 | 266345 |
|  | 153000 | 4.636 | 05/18/23 | 149819 |
|  | 137392200 | 3.340 | 07/13/23 | 133641279 |
|  | 495000 | 3.411 | 07/13/23 | 481486 |
|  | 2576000 | 3.466 | 07/13/23 | 2505673 |
|  | 1440000 | 3.486 | 07/13/23 | 1400687 |
|  | 2025000 | 3.487 | 07/13/23 | 1969716 |
|  | 315000 | 3.508 | 07/13/23 | 306400 |
|  | 1530000 | 3.518 | 07/13/23 | 1488230 |
|  | 1755000 | 3.577 | 07/13/23 | 1707087 |
|  | 810000 | 3.812 | 07/13/23 | 787886 |
|  | 3477000 | 3.843 | 07/13/23 | 3382075 |
|  | 1620000 | 3.886 | 07/13/23 | 1575773 |
|  | 92000 | 3.897 | 07/13/23 | 89488 |
|  | 1647000 | 3.902 | 07/13/23 | 1602036 |
|  | 615000 | 3.912 | 07/13/23 | 598210 |
|  | 1840000 | 3.928 | 07/13/23 | 1789767 |
|  | 3404000 | 3.950 | 07/13/23 | 3311068 |
|  | 460000 | 3.968 | 07/13/23 | 447442 |
|  | 900000 | 3.971 | 07/13/23 | 875429 |
|  | 5940000 | 3.980 | 07/13/23 | 5777833 |
|  | 1012000 | 3.996 | 07/13/23 | 984372 |
|  | 828000 | 4.015 | 07/13/23 | 805395 |
|  | 598000 | 4.049 | 07/13/23 | 581674 |
|  | 276000 | 4.055 | 07/13/23 | 268465 |
|  | 460000 | 4.162 | 07/13/23 | 447442 |
|  | 1978000 | 4.224 | 07/13/23 | 1923999 |
|  | 690000 | 4.235 | 07/13/23 | 671162 |
|  | 690000 | 4.331 | 07/13/23 | 671162 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 1058000 | 4.345% | 07/13/23 | $1029116 |
|  | 184000 | 4.376 | 07/13/23 | 178977 |
|  | 736000 | 4.398 | 07/13/23 | 715907 |
|  | 2811400 | 4.408 | 07/13/23 | 2734646 |
|  | 966000 | 4.448 | 07/13/23 | 939627 |
|  | 5900000 | 4.471 | 07/13/23 | 5738925 |
|  | 276000 | 4.480 | 07/13/23 | 268465 |
|  | 2024000 | 4.503 | 07/13/23 | 1968743 |
|  | 1656000 | 4.505 | 07/13/23 | 1610790 |
|  | 552000 | 4.532 | 07/13/23 | 536930 |
|  | 1196000 | 4.533 | 07/13/23 | 1163348 |
|  | 2116000 | 4.534 | 07/13/23 | 2058231 |
|  | 184000 | 4.536 | 07/13/23 | 178977 |
|  | 644000 | 4.544 | 07/13/23 | 626418 |
|  | 368000 | 4.571 | 07/13/23 | 357953 |
|  | 966000 | 4.576 | 07/13/23 | 939627 |
|  | 230000 | 4.583 | 07/13/23 | 223721 |
|  | 782000 | 4.590 | 07/13/23 | 760651 |
|  | 976000 | 4.595 | 07/13/23 | 949354 |
|  | 53590400 | 3.442 | 08/10/23 | 51937068 |
|  | 198000 | 3.485 | 08/10/23 | 191891 |
|  | 126000 | 3.516 | 08/10/23 | 122113 |
|  | 576000 | 3.522 | 08/10/23 | 558230 |
|  | 810000 | 3.536 | 08/10/23 | 785011 |
|  | 1008000 | 3.538 | 08/10/23 | 976902 |
|  | 612000 | 3.539 | 08/10/23 | 593119 |
|  | 702000 | 3.560 | 08/10/23 | 680342 |
|  | 95220200 | 3.778 | 08/10/23 | 92282536 |
|  | 324000 | 3.782 | 08/10/23 | 314004 |
|  | 1368000 | 3.802 | 08/10/23 | 1325796 |
|  | 648000 | 3.807 | 08/10/23 | 628008 |
|  | 72000 | 3.878 | 08/10/23 | 69779 |
|  | 86000 | 3.891 | 08/10/23 | 83347 |
|  | 648000 | 3.892 | 08/10/23 | 628008 |
|  | 486000 | 3.918 | 08/10/23 | 471006 |
|  | 3182000 | 3.961 | 08/10/23 | 3083831 |
|  | 515000 | 3.962 | 08/10/23 | 499112 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 360000 | 3.963% | 08/10/23 | $348894 |
|  | 1720000 | 3.967 | 08/10/23 | 1666936 |
|  | 2376000 | 3.977 | 08/10/23 | 2302697 |
|  | 720000 | 3.999 | 08/10/23 | 697787 |
|  | 946000 | 4.026 | 08/10/23 | 916815 |
|  | 430000 | 4.066 | 08/10/23 | 416734 |
|  | 258000 | 4.089 | 08/10/23 | 250040 |
|  | 774000 | 4.090 | 08/10/23 | 750121 |
|  | 559000 | 4.137 | 08/10/23 | 541754 |
|  | 1849000 | 4.280 | 08/10/23 | 1791956 |
|  | 645000 | 4.344 | 08/10/23 | 625101 |
|  | 989000 | 4.397 | 08/10/23 | 958488 |
|  | 172000 | 4.411 | 08/10/23 | 166694 |
|  | 258000 | 4.474 | 08/10/23 | 250040 |
|  | 1548000 | 4.505 | 08/10/23 | 1500242 |
|  | 172000 | 4.524 | 08/10/23 | 166694 |
|  | 903000 | 4.546 | 08/10/23 | 875141 |
|  | 516000 | 4.548 | 08/10/23 | 500081 |
|  | 1118000 | 4.560 | 08/10/23 | 1083508 |
|  | 641000 | 4.568 | 08/10/23 | 621224 |
|  | 1892000 | 4.599 | 08/10/23 | 1833629 |
|  | 1978000 | 4.604 | 08/10/23 | 1916976 |
|  | 344000 | 4.619 | 08/10/23 | 333387 |
|  | 602000 | 4.621 | 08/10/23 | 583428 |
|  | 896000 | 4.622 | 08/10/23 | 868357 |
|  | 903000 | 4.630 | 08/10/23 | 875141 |
|  | 215000 | 4.643 | 08/10/23 | 208367 |
|  | 731000 | 4.645 | 08/10/23 | 708448 |
|  | 680000 | 3.996 | 09/07/23 | 656668 |
|  | 1258000 | 4.017 | 09/07/23 | 1214836 |
|  | 34000 | 4.018 | 09/07/23 | 32833 |
|  | 63751000 | 4.031 | 09/07/23 | 61563592 |
|  | 374000 | 4.049 | 09/07/23 | 361167 |
|  | 170000 | 4.119 | 09/07/23 | 164167 |
|  | 221000 | 4.130 | 09/07/23 | 213417 |
|  | 306000 | 4.156 | 09/07/23 | 295501 |
|  | 731000 | 4.285 | 09/07/23 | 705918 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** | **U.S. Treasury Bills – (continued)** |
|  U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) | U.S. Treasury Bills – (continued) |
|  $ | 68000 | 4.448% | 09/07/23 | $65667 |
|  | 34000 | 4.487 | 09/07/23 | 32833 |
|  | 102000 | 4.507 | 09/07/23 | 98500 |
|  | 612000 | 4.558 | 09/07/23 | 591001 |
|  | 1584000 | 4.579 | 09/07/23 | 1529650 |
|  | 68000 | 4.590 | 09/07/23 | 65667 |
|  | 238000 | 4.606 | 09/07/23 | 229834 |
|  | 136000 | 4.609 | 09/07/23 | 131334 |
|  | 204000 | 4.614 | 09/07/23 | 197000 |
|  | 782000 | 4.634 | 09/07/23 | 755168 |
|  | 289000 | 4.641 | 09/07/23 | 279084 |
|  | 85000 | 4.647 | 09/07/23 | 82084 |
|  | 442000 | 4.648 | 09/07/23 | 426834 |
|  | 352000 | 4.654 | 09/07/23 | 339922 |
|  | 357000 | 4.673 | 09/07/23 | 344751 |
|  | 648000 | 4.575 | 10/05/23 | 623262 |
|  | 108000 | 4.587 | 10/05/23 | 103877 |
|  | 72000 | 4.634 | 10/05/23 | 69251 |
|  | 216000 | 4.652 | 10/05/23 | 207754 |
|  | 378000 | 4.658 | 10/05/23 | 363569 |
|  | 72181800 | 4.660 | 10/05/23 | 69426167 |
|  | 252000 | 4.675 | 10/05/23 | 242380 |
|  | 468000 | 4.690 | 10/05/23 | 450134 |
|  | 378000 | 4.717 | 10/05/23 | 363569 |
|  | 368000 | 4.721 | 10/05/23 | 353951 |
|  | 90000 | 4.724 | 10/05/23 | 86564 |
|  | 306000 | 4.728 | 10/05/23 | 294318 |
|  | 144000 | 4.729 | 10/05/23 | 138503 |
|  | 828000 | 4.731 | 10/05/23 | 796390 |
|  | 86399100 | 4.802 | 11/02/23 | 82792150 |
| **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** |  |
| **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $3,556,069,113)** | $3550894084 |
| **U.S. Treasury Notes – 16.3%** | **U.S. Treasury Notes – 16.3%** | **U.S. Treasury Notes – 16.3%** | **U.S. Treasury Notes – 16.3%** | **U.S. Treasury Notes – 16.3%** |
|  U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
|  $ | 2449000 | 2.799% | 05/15/23 | $2399590 |
|  | 93000 | 2.867 | 05/15/23 | 91124 |
|  | 372000 | 2.875 | 05/15/23 | 364495 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** |
|  U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) |
|  $ | 73774200 | 2.898% | 05/15/23 | $72285748 |
|  | 682000 | 2.903 | 05/15/23 | 668240 |
|  | 713000 | 2.957 | 05/15/23 | 698615 |
|  | 1050000 | 2.979 | 05/15/23 | 1028815 |
|  | 279000 | 3.006 | 05/15/23 | 273371 |
|  | 465000 | 3.020 | 05/15/23 | 455618 |
|  | 1020000 | 3.062 | 05/15/23 | 999421 |
|  | 992000 | 3.063 | 05/15/23 | 971986 |
|  | 1380000 | 3.093 | 05/15/23 | 1352157 |
|  | 2460000 | 3.142 | 05/15/23 | 2410368 |
|  | 120000 | 3.155 | 05/15/23 | 117579 |
|  | 120000 | 3.180 | 05/15/23 | 117579 |
|  | 360000 | 3.184 | 05/15/23 | 352737 |
|  | 540000 | 3.191 | 05/15/23 | 529105 |
|  | 330000 | 3.225 | 05/15/23 | 323342 |
|  | 90000 | 3.226 | 05/15/23 | 88184 |
|  | 300000 | 3.227 | 05/15/23 | 293947 |
|  | 300000 | 3.239 | 05/15/23 | 293947 |
|  | 750000 | 3.273 | 05/15/23 | 734868 |
|  | 2107000 | 3.275 | 05/15/23 | 2064490 |
|  | 817000 | 3.308 | 05/15/23 | 800516 |
|  | 2752000 | 3.366 | 05/15/23 | 2696476 |
|  | 1736000 | 3.376 | 05/15/23 | 1700975 |
|  | 330000 | 3.390 | 05/15/23 | 323342 |
|  | 1350000 | 3.394 | 05/15/23 | 1322763 |
|  | 1020000 | 3.430 | 05/15/23 | 999421 |
|  | 960000 | 3.470 | 05/15/23 | 940631 |
|  | 210000 | 3.504 | 05/15/23 | 205763 |
|  | 1170000 | 3.572 | 05/15/23 | 1146394 |
|  | 558000 | 3.765 | 05/15/23 | 546742 |
|  | 124000 | 3.924 | 05/15/23 | 121498 |
|  | 1116000 | 4.043 | 05/15/23 | 1093484 |
|  | 2294000 | 4.086 | 05/15/23 | 2247717 |
|  | 1240000 | 4.088 | 05/15/23 | 1214982 |
|  | 1240000 | 4.091 | 05/15/23 | 1214982 |
|  | 620000 | 4.095 | 05/15/23 | 607491 |
|  | 2394000 | 4.099 | 05/15/23 | 2345699 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** |
|  U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) |
|  $ | 62000 | 4.100% | 05/15/23 | $60749 |
|  | 1134000 | 4.112 | 05/15/23 | 1111121 |
|  | 682000 | 4.120 | 05/15/23 | 668240 |
|  | 3260000 | 4.142 | 05/15/23 | 3194227 |
|  | 310000 | 4.157 | 05/15/23 | 303746 |
|  | 186000 | 4.198 | 05/15/23 | 182247 |
|  | 403000 | 4.211 | 05/15/23 | 394869 |
|  | 558000 | 4.216 | 05/15/23 | 546742 |
|  | 310000 | 4.303 | 05/15/23 | 303746 |
|  | 1333000 | 4.309 | 05/15/23 | 1306106 |
|  | 465000 | 4.313 | 05/15/23 | 455618 |
|  | 713000 | 4.421 | 05/15/23 | 698615 |
|  | 465000 | 4.459 | 05/15/23 | 455618 |
|  | 124000 | 4.466 | 05/15/23 | 121498 |
|  | 124000 | 4.489 | 05/15/23 | 121498 |
|  | 496000 | 4.496 | 05/15/23 | 485993 |
|  | 186000 | 4.503 | 05/15/23 | 182247 |
|  | 1116000 | 4.507 | 05/15/23 | 1093484 |
|  | 806000 | 4.537 | 05/15/23 | 789738 |
|  | 651000 | 4.546 | 05/15/23 | 637866 |
|  | 372000 | 4.548 | 05/15/23 | 364495 |
|  | 434000 | 4.549 | 05/15/23 | 425244 |
|  | 3900000 | 4.554 | 05/15/23 | 3821314 |
|  | 1426000 | 4.557 | 05/15/23 | 1397229 |
|  | 1364000 | 4.561 | 05/15/23 | 1336480 |
|  | 651000 | 4.569 | 05/15/23 | 637866 |
|  | 155000 | 4.575 | 05/15/23 | 151873 |
|  | 248000 | 4.593 | 05/15/23 | 242996 |
|  | 527000 | 4.603 | 05/15/23 | 516367 |
|  | 640000 | 4.622 | 05/15/23 | 627087 |
|  | 1343000 | 2.816 | 06/15/23 | 1311943 |
|  | 51000 | 2.871 | 06/15/23 | 49821 |
|  | 204000 | 2.879 | 06/15/23 | 199282 |
|  | 34375200 | 2.913 | 06/15/23 | 33580273 |
|  | 374000 | 2.919 | 06/15/23 | 365351 |
|  | 68339300 | 2.922 | 06/15/23 | 66758954 |
|  | 391000 | 2.962 | 06/15/23 | 381958 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** |
|  U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) |
|  $ | 1575000 | 2.996% | 06/15/23 | $1538578 |
|  | 544000 | 3.085 | 06/15/23 | 531420 |
|  | 2070000 | 3.099 | 06/15/23 | 2022131 |
|  | 1530000 | 3.108 | 06/15/23 | 1494619 |
|  | 3690000 | 3.160 | 06/15/23 | 3604669 |
|  | 180000 | 3.172 | 06/15/23 | 175837 |
|  | 540000 | 3.179 | 06/15/23 | 527512 |
|  | 180000 | 3.199 | 06/15/23 | 175837 |
|  | 495000 | 3.238 | 06/15/23 | 483553 |
|  | 810000 | 3.242 | 06/15/23 | 791269 |
|  | 450000 | 3.244 | 06/15/23 | 439594 |
|  | 450000 | 3.247 | 06/15/23 | 439594 |
|  | 1125000 | 3.275 | 06/15/23 | 1098984 |
|  | 3087000 | 3.327 | 06/15/23 | 3015613 |
|  | 1197000 | 3.358 | 06/15/23 | 1169319 |
|  | 495000 | 3.393 | 06/15/23 | 483553 |
|  | 4032000 | 3.395 | 06/15/23 | 3938760 |
|  | 2520000 | 3.424 | 06/15/23 | 2461725 |
|  | 2025000 | 3.463 | 06/15/23 | 1978172 |
|  | 1440000 | 3.485 | 06/15/23 | 1406700 |
|  | 1530000 | 3.494 | 06/15/23 | 1494619 |
|  | 315000 | 3.496 | 06/15/23 | 307716 |
|  | 1755000 | 3.577 | 06/15/23 | 1714416 |
|  | 828000 | 3.814 | 06/15/23 | 808852 |
|  | 184000 | 3.906 | 06/15/23 | 179745 |
|  | 1242000 | 3.994 | 06/15/23 | 1213279 |
|  | 2080000 | 4.011 | 06/15/23 | 2031900 |
|  | 3404000 | 4.031 | 06/15/23 | 3325282 |
|  | 920000 | 4.080 | 06/15/23 | 898725 |
|  | 1840000 | 4.097 | 06/15/23 | 1797450 |
|  | 1656000 | 4.099 | 06/15/23 | 1617705 |
|  | 3534000 | 4.128 | 06/15/23 | 3452276 |
|  | 460000 | 4.163 | 06/15/23 | 449362 |
|  | 1840000 | 4.164 | 06/15/23 | 1797450 |
|  | 92000 | 4.178 | 06/15/23 | 89872 |
|  | 3404000 | 4.183 | 06/15/23 | 3325282 |
|  | 1012000 | 4.190 | 06/15/23 | 988597 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** |
|  U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) |
|  $ | 127000 | 4.221% | 06/15/23 | $124063 |
|  | 828000 | 4.234 | 06/15/23 | 808852 |
|  | 276000 | 4.235 | 06/15/23 | 269617 |
|  | 598000 | 4.247 | 06/15/23 | 584171 |
|  | 460000 | 4.328 | 06/15/23 | 449362 |
|  | 690000 | 4.338 | 06/15/23 | 674044 |
|  | 1978000 | 4.355 | 06/15/23 | 1932259 |
|  | 690000 | 4.408 | 06/15/23 | 674044 |
|  | 1242000 | 4.455 | 06/15/23 | 1213279 |
|  | 736000 | 4.462 | 06/15/23 | 718980 |
|  | 1548000 | 4.565 | 06/15/23 | 1512202 |
|  | 258000 | 4.569 | 06/15/23 | 252034 |
|  | 903000 | 4.584 | 06/15/23 | 882118 |
|  | 516000 | 4.603 | 06/15/23 | 504067 |
|  | 5900000 | 4.608 | 06/15/23 | 5763562 |
|  | 172000 | 4.610 | 06/15/23 | 168022 |
|  | 1892000 | 4.620 | 06/15/23 | 1848247 |
|  | 215000 | 4.623 | 06/15/23 | 210028 |
|  | 2021000 | 4.625 | 06/15/23 | 1974264 |
|  | 2580000 | 4.638 | 06/15/23 | 2520337 |
|  | 731000 | 4.643 | 06/15/23 | 714096 |
|  | 912000 | 4.658 | 06/15/23 | 890910 |
|  | 344000 | 4.666 | 06/15/23 | 336045 |
|  | 51001000 | 2.924 | 07/15/23 | 49576558 |
|  | 216000 | 3.230 | 07/15/23 | 209967 |
|  | 324000 | 3.286 | 07/15/23 | 314951 |
|  | 180000 | 3.299 | 07/15/23 | 174973 |
|  | 180000 | 3.323 | 07/15/23 | 174973 |
|  | 450000 | 3.334 | 07/15/23 | 437432 |
|  | 1225000 | 3.372 | 07/15/23 | 1190786 |
|  | 475000 | 3.403 | 07/15/23 | 461733 |
|  | 1600000 | 3.430 | 07/15/23 | 1555313 |
|  | 198000 | 3.474 | 07/15/23 | 192470 |
|  | 1008000 | 3.516 | 07/15/23 | 979847 |
|  | 576000 | 3.539 | 07/15/23 | 559913 |
|  | 810000 | 3.545 | 07/15/23 | 787377 |
|  | 612000 | 3.547 | 07/15/23 | 594907 |

---

------

GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF

*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** |
|  U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) |
|  $ | 126000 | 3.589% | 07/15/23 | $122481 |
|  | 702000 | 3.637 | 07/15/23 | 682393 |
|  | 324000 | 3.877 | 07/15/23 | 314951 |
|  | 72000 | 3.971 | 07/15/23 | 69989 |
|  | 486000 | 4.056 | 07/15/23 | 472426 |
|  | 800000 | 4.067 | 07/15/23 | 777656 |
|  | 1332000 | 4.121 | 07/15/23 | 1294798 |
|  | 648000 | 4.162 | 07/15/23 | 629902 |
|  | 342000 | 4.198 | 07/15/23 | 332448 |
|  | 1368000 | 4.199 | 07/15/23 | 1329792 |
|  | 720000 | 4.224 | 07/15/23 | 699891 |
|  | 36000 | 4.225 | 07/15/23 | 34995 |
|  | 1332000 | 4.238 | 07/15/23 | 1294798 |
|  | 396000 | 4.250 | 07/15/23 | 384940 |
|  | 648000 | 4.253 | 07/15/23 | 629902 |
|  | 180000 | 4.267 | 07/15/23 | 174973 |
|  | 234000 | 4.305 | 07/15/23 | 227464 |
|  | 108000 | 4.312 | 07/15/23 | 104984 |
|  | 324000 | 4.330 | 07/15/23 | 314951 |
|  | 180000 | 4.421 | 07/15/23 | 174973 |
|  | 270000 | 4.427 | 07/15/23 | 262459 |
|  | 774000 | 4.449 | 07/15/23 | 752382 |
|  | 270000 | 4.511 | 07/15/23 | 262459 |
|  | 414000 | 4.561 | 07/15/23 | 402437 |
|  | 72000 | 4.566 | 07/15/23 | 69989 |
|  | 288000 | 4.572 | 07/15/23 | 279956 |
|  | 108000 | 4.648 | 07/15/23 | 104984 |
|  | 648000 | 4.651 | 07/15/23 | 629902 |
|  | 468000 | 4.674 | 07/15/23 | 454929 |
|  | 252000 | 4.684 | 07/15/23 | 244962 |
|  | 216000 | 4.686 | 07/15/23 | 209967 |
|  | 72000 | 4.687 | 07/15/23 | 69989 |
|  | 2300000 | 4.688 | 07/15/23 | 2235762 |
|  | 378000 | 4.695 | 07/15/23 | 367443 |
|  | 378000 | 4.697 | 07/15/23 | 367443 |
|  | 792000 | 4.715 | 07/15/23 | 769880 |
|  | 368000 | 4.716 | 07/15/23 | 357722 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Principal**<br> **Amount** | **Interest**<br> **Rate<sup>(a)</sup>** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** |
|  U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) | U.S. Treasury Notes – (continued) |
|  $ | 144000 | 4.720% | 07/15/23 | $139978 |
|  | 306000 | 4.728 | 07/15/23 | 297454 |
|  | 90000 | 4.732 | 07/15/23 | 87486 |
|  | 828000 | 4.737 | 07/15/23 | 804874 |
|  | 114918900 | 4.546 | 09/15/23 | 110811447 |
|  | 1044000 | 4.629 | 09/15/23 | 1006685 |
|  | 174000 | 4.689 | 09/15/23 | 167781 |
|  | 348000 | 4.695 | 09/15/23 | 335562 |
|  | 87000 | 4.729 | 09/15/23 | 83890 |
|  | 406000 | 4.753 | 09/15/23 | 391489 |
|  | 1334000 | 4.757 | 09/15/23 | 1286320 |
|  | 493000 | 4.775 | 09/15/23 | 475379 |
|  | 145000 | 4.779 | 09/15/23 | 139817 |
|  | 232000 | 4.785 | 09/15/23 | 223708 |
|  | 576000 | 4.789 | 09/15/23 | 555413 |
|  | 194355100 | 4.761 | 10/15/23 | 186687184 |
| **TOTAL U.S. TREASURY NOTES<br>(Cost $693,547,433)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $693,547,433)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $693,547,433)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $693,547,433)** | $690638312 |
| **TOTAL INVESTMENTS – 100.0%<br>(Cost $4,249,616,546)** | **TOTAL INVESTMENTS – 100.0%<br>(Cost $4,249,616,546)** | **TOTAL INVESTMENTS – 100.0%<br>(Cost $4,249,616,546)** | **TOTAL INVESTMENTS – 100.0%<br>(Cost $4,249,616,546)** | $4241532396 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.0%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.0%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.0%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.0%** | 1293084 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $4242825480 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Interest rates represent either the stated coupon rate, annualized yield on date of purchase for discounted securities, or, for floating rate securities, the current reset rate, which is based upon current interest rate indices. |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br>Amount** | **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – 33.4%** | **U.S. Treasury Notes – 33.4%** | **U.S. Treasury Notes – 33.4%** | **U.S. Treasury Notes – 33.4%** | **U.S. Treasury Notes – 33.4%** |
|  U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
|  $ | 27150000 | 0.250% | 05/15/24 | $25492497 |
|  | 5850000 | 1.500 | 10/31/24 | 5544416 |
|  | 19852000 | 2.500 | 01/31/25 | 19113133 |
|  | 16103000 | 2.000 | 02/15/25 | 15325044 |
|  | 22500000 | 0.250 | 10/31/25 | 20165698 |
|  | 10000000 | 0.625 | 11/30/27 | 8546845 |
|  | 17602000 | 2.750 | 02/15/28 | 16694887 |
|  | 19079000 | 2.875 | 08/15/28 | 18152987 |
|  | 2008000 | 2.375 | 05/15/29 | 1848082 |
|  | 5000000 | 2.750 | 05/31/29 | 4704159 |
|  | 8500000 | 1.625 | 08/15/29 | 7467138 |
| **TOTAL U.S. TREASURY NOTES<br>(Cost $147,877,510)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $147,877,510)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $147,877,510)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $147,877,510)** | $143054886 |
| **Mortgage-Backed Securities – 27.6%** | **Mortgage-Backed Securities – 27.6%** | **Mortgage-Backed Securities – 27.6%** | **Mortgage-Backed Securities – 27.6%** | **Mortgage-Backed Securities – 27.6%** |
|  Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation |
|  $ | 326819 | 4.500% | 07/01/48 | $322595 |
|  | 2889769 | 2.500 | 05/01/51 | 2491036 |
|  | 212838 | 4.500 | 05/01/52 | 207458 |
|  Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
|  | 1000000 | 1.750 | 07/02/24 | 958392 |
|  | 3400000 | 1.500 | TBA-15yr <sup>(a)</sup> | 2974203 |
|  | 5600000 | 2.000 | TBA-15yr <sup>(a)</sup> | 5035187 |
|  | 2000000 | 2.500 | TBA-15yr <sup>(a)</sup> | 1846094 |
|  | 2000000 | 3.000 | TBA-15yr <sup>(a)</sup> | 1882500 |
|  | 2761570 | 3.500 | 07/01/45 | 2593162 |
|  | 73980 | 4.500 | 06/01/48 | 72981 |
|  | 404151 | 4.500 | 07/01/48 | 398706 |
|  | 26242 | 5.000 | 12/01/48 | 26855 |
|  | 51238 | 4.500 | 01/01/49 | 50691 |
|  | 41952 | 4.500 | 08/01/49 | 41684 |
|  | 722119 | 4.500 | 08/01/49 | 717475 |
|  | 197377 | 5.000 | 12/01/49 | 196864 |
|  | 30727 | 4.500 | 01/01/50 | 30258 |
|  | 130154 | 4.500 | 03/01/50 | 128084 |
|  | 110344 | 5.000 | 04/01/50 | 113095 |
|  | 56960 | 4.500 | 10/01/50 | 56124 |
|  | 82218 | 4.500 | 10/01/50 | 80982 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** |
| Federal National Mortgage Association – (continued) | Federal National Mortgage Association – (continued) | Federal National Mortgage Association – (continued) | Federal National Mortgage Association – (continued) |
| 3900000 | 1.500% | TBA-30yr <sup>(a)</sup> | $3032250 |
| 32000000 | 2.000 | TBA-30yr <sup>(a)</sup> | 26337500 |
| 19000000 | 2.500 | TBA-30yr <sup>(a)</sup> | 16228672 |
| 12000000 | 3.000 | TBA-30yr <sup>(a)</sup> | 10623750 |
| 5200000 | 3.500 | TBA-30yr <sup>(a)</sup> | 4764906 |
| 6000000 | 4.000 | TBA-30yr <sup>(a)</sup> | 5680313 |
| 1000000 | 4.500 | TBA-30yr <sup>(a)</sup> | 973828 |
| 1400000 | 5.000 | TBA-30yr <sup>(a)</sup> | 1394203 |
| 2000000 | 5.500 | TBA-30yr <sup>(a)</sup> | 2024531 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| 58996 | 5.000 | 12/20/48 | 60292 |
| 32455 | 5.000 | 05/20/49 | 32445 |
| 314040 | 3.000 | 09/20/49 | 284223 |
| 118170 | 4.500 | 03/20/50 | 118359 |
| 65186 | 5.000 | 05/20/50 | 66405 |
| 246754 | 4.000 | 09/20/50 | 238354 |
| 1000000 | 5.000 | TBA-30yr <sup>(a)</sup> | 999219 |
| 819169 | 3.000 | 07/20/51 | 742746 |
| 3689846 | 2.000 | 09/20/51 | 3134202 |
| 3000000 | 2.000 | TBA-30yr <sup>(a)</sup> | 2545781 |
| 7000000 | 2.500 | TBA-30yr <sup>(a)</sup> | 6135938 |
| 4300000 | 3.000 | TBA-30yr <sup>(a)</sup> | 3877391 |
| 4000000 | 3.500 | TBA-30yr <sup>(a)</sup> | 3711562 |
| 1900000 | 4.000 | TBA-30yr <sup>(a)</sup> | 1812867 |
| 2395397 | 4.500 | 10/20/52 | 2347229 |
| 1000000 | 5.500 | TBA-30yr <sup>(a)</sup> | 1012109 |
| **TOTAL MORTGAGE-BACKED SECURITIES<br>(Cost $115,971,921)** | **TOTAL MORTGAGE-BACKED SECURITIES<br>(Cost $115,971,921)** | **TOTAL MORTGAGE-BACKED SECURITIES<br>(Cost $115,971,921)** | $118403501 |
| **Corporate Obligations – 20.1%** | **Corporate Obligations – 20.1%** | **Corporate Obligations – 20.1%** | **Corporate Obligations – 20.1%** |
| **Aerospace & Defense - 0.3%** | **Aerospace & Defense - 0.3%** | **Aerospace & Defense - 0.3%** | **Aerospace & Defense - 0.3%** |
| General Dynamics Corp. | General Dynamics Corp. | General Dynamics Corp. | General Dynamics Corp. |
| 215000 | 3.625% | 04/01/30 | $203855 |
| Hexcel Corp. | Hexcel Corp. | Hexcel Corp. | Hexcel Corp. |
| 40000 | 4.200 | 02/15/27 | 37254 |
| Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. | Lockheed Martin Corp. |
| 350000 | 5.250 | 01/15/33 | 364637 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. | Northrop Grumman Corp. |
| 40000 | 4.030 | 10/15/47 | 34091 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Aerospace & Defense – (continued)** | **Aerospace & Defense – (continued)** | **Aerospace & Defense – (continued)** | **Aerospace & Defense – (continued)** |
| Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. | Raytheon Technologies Corp. |
| 200000 | 3.950% | 08/16/25 | $196358 |
| 100000 | 2.375 | 03/15/32 | 82286 |
| 30000 | 4.450 | 11/16/38 | 27622 |
| 60000 | 4.875 | 10/15/40 | 56914 |
| 400000 | 2.820 | 09/01/51 | 273933 |
| Textron, Inc. | Textron, Inc. | Textron, Inc. | Textron, Inc. |
| 80000 | 3.000 | 06/01/30 | 68668 |
|  |  |  | 1345618 |
| **Banks – 4.1%** | **Banks – 4.1%** | **Banks – 4.1%** | **Banks – 4.1%** |
| American Express Co. | American Express Co. | American Express Co. | American Express Co. |
| 80000 | 3.625 | 12/05/24 | 78061 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| (SOFR + 0.690%) | (SOFR + 0.690%) | (SOFR + 0.690%) | (SOFR + 0.690%) |
| 425000 | 0.976 <sup>(b)</sup> | 04/22/25 | 397303 |
| (SOFR + 0.960%) | (SOFR + 0.960%) | (SOFR + 0.960%) | (SOFR + 0.960%) |
| 300000 | 1.734 <sup>(b)</sup> | 07/22/27 | 263282 |
| (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) |
| 200000 | 3.419 <sup>(b)</sup> | 12/20/28 | 180579 |
| (SOFR + 2.150%) | (SOFR + 2.150%) | (SOFR + 2.150%) | (SOFR + 2.150%) |
| 180000 | 2.592 <sup>(b)</sup> | 04/29/31 | 148236 |
| (US 5 Year CMT T-Note + 1.200%) | (US 5 Year CMT T-Note + 1.200%) | (US 5 Year CMT T-Note + 1.200%) | (US 5 Year CMT T-Note + 1.200%) |
| 200000 | 2.482 <sup>(b)</sup> | 09/21/36 | 150086 |
| (3M USD LIBOR + 1.814%) | (3M USD LIBOR + 1.814%) | (3M USD LIBOR + 1.814%) | (3M USD LIBOR + 1.814%) |
| 300000 | 4.244 <sup>(b)</sup> | 04/24/38 | 262097 |
| 100000 | 7.750 | 05/14/38 | 120171 |
| Bank of America Corp., Series L | Bank of America Corp., Series L | Bank of America Corp., Series L | Bank of America Corp., Series L |
| 125000 | 4.183 | 11/25/27 | 119172 |
| 73000 | 4.750 | 04/21/45 | 62994 |
| Bank of America Corp., MTN | Bank of America Corp., MTN | Bank of America Corp., MTN | Bank of America Corp., MTN |
| 40000 | 4.125 | 01/22/24 | 39659 |
| (SOFR + 0.410%) | (SOFR + 0.410%) | (SOFR + 0.410%) | (SOFR + 0.410%) |
| 500000 | 0.523 <sup>(b)</sup> | 06/14/24 | 485623 |
| 100000 | 3.875 | 08/01/25 | 98604 |
| (SOFR + 1.010%) | (SOFR + 1.010%) | (SOFR + 1.010%) | (SOFR + 1.010%) |
| 100000 | 1.197 <sup>(b)</sup> | 10/24/26 | 88848 |
| (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) | (3M USD LIBOR + 1.060%) |
| 80000 | 3.559 <sup>(b)</sup> | 04/23/27 | 75445 |
| 75000 | 3.248 | 10/21/27 | 69230 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Bank of America Corp., MTN – (continued) | Bank of America Corp., MTN – (continued) | Bank of America Corp., MTN – (continued) | Bank of America Corp., MTN – (continued) |
| (3M USD LIBOR + 1.210%) | (3M USD LIBOR + 1.210%) | (3M USD LIBOR + 1.210%) | (3M USD LIBOR + 1.210%) |
| 300000 | 3.974 %<sup>(b)</sup> | 02/07/30 | $276778 |
| (3M USD LIBOR + 0.990%) | (3M USD LIBOR + 0.990%) | (3M USD LIBOR + 0.990%) | (3M USD LIBOR + 0.990%) |
| 200000 | 2.496 <sup>(b)</sup> | 02/13/31 | 164648 |
| (SOFR + 1.530%) | (SOFR + 1.530%) | (SOFR + 1.530%) | (SOFR + 1.530%) |
| 40000 | 1.898 <sup>(b)</sup> | 07/23/31 | 31319 |
| (SOFR + 1.930%) | (SOFR + 1.930%) | (SOFR + 1.930%) | (SOFR + 1.930%) |
| 300000 | 2.676 <sup>(b)</sup> | 06/19/41 | 208641 |
| (3M USD LIBOR + 3.150%) | (3M USD LIBOR + 3.150%) | (3M USD LIBOR + 3.150%) | (3M USD LIBOR + 3.150%) |
| 300000 | 4.083 <sup>(b)</sup> | 03/20/51 | 246195 |
| (SOFR + 1.880%) | (SOFR + 1.880%) | (SOFR + 1.880%) | (SOFR + 1.880%) |
| 60000 | 2.831 <sup>(b)</sup> | 10/24/51 | 38513 |
| Bank of America Corp.<sup>(b)</sup>, Series N | Bank of America Corp.<sup>(b)</sup>, Series N | Bank of America Corp.<sup>(b)</sup>, Series N | Bank of America Corp.<sup>(b)</sup>, Series N |
| (SOFR + 1.650%) | (SOFR + 1.650%) | (SOFR + 1.650%) | (SOFR + 1.650%) |
| 100000 | 3.483 | 03/13/52 | 74699 |
| Bank of New York Mellon Corp. (The), MTN | Bank of New York Mellon Corp. (The), MTN | Bank of New York Mellon Corp. (The), MTN | Bank of New York Mellon Corp. (The), MTN |
| 300000 | 2.800 | 05/04/26 | 282905 |
| 200000 | 1.650 | 01/28/31 | 157394 |
| 850000 | 1.800 | 07/28/31 | 661947 |
| Charles Schwab Corp. (The) | Charles Schwab Corp. (The) | Charles Schwab Corp. (The) | Charles Schwab Corp. (The) |
| 300000 | 0.900 | 03/11/26 | 267108 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| (SOFR + 1.372%) | (SOFR + 1.372%) | (SOFR + 1.372%) | (SOFR + 1.372%) |
| 800000 | 4.140 <sup>(b)</sup> | 05/24/25 | 785877 |
| (SOFR + 0.765%) | (SOFR + 0.765%) | (SOFR + 0.765%) | (SOFR + 0.765%) |
| 100000 | 1.122 <sup>(b)</sup> | 01/28/27 | 87177 |
| (3M USD LIBOR + 1.563%) | (3M USD LIBOR + 1.563%) | (3M USD LIBOR + 1.563%) | (3M USD LIBOR + 1.563%) |
| 100000 | 3.887 <sup>(b)</sup> | 01/10/28 | 94417 |
| (SOFR + 1.887%) | (SOFR + 1.887%) | (SOFR + 1.887%) | (SOFR + 1.887%) |
| 300000 | 4.658 <sup>(b)</sup> | 05/24/28 | 290971 |
| (SOFR + 2.086%) | (SOFR + 2.086%) | (SOFR + 2.086%) | (SOFR + 2.086%) |
| 700000 | 4.910 <sup>(b)</sup> | 05/24/33 | 667699 |
| Comerica, Inc. | Comerica, Inc. | Comerica, Inc. | Comerica, Inc. |
| 25000 | 4.000 | 02/01/29 | 23515 |
| Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp |
| 25000 | 4.300 | 01/16/24 | 24788 |
| 40000 | 8.250 | 03/01/38 | 48876 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Huntington National Bank (The) | Huntington National Bank (The) | Huntington National Bank (The) | Huntington National Bank (The) |
| 390000 | 3.550% | 10/06/23 | $385528 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| 40000 | 3.875 | 02/01/24 | 39557 |
| (3M USD LIBOR + 0.730%) | (3M USD LIBOR + 0.730%) | (3M USD LIBOR + 0.730%) | (3M USD LIBOR + 0.730%) |
| 80000 | 3.559 <sup>(b)</sup> | 04/23/24 | 79456 |
| (SOFR + 1.455%) | (SOFR + 1.455%) | (SOFR + 1.455%) | (SOFR + 1.455%) |
| 50000 | 1.514 <sup>(b)</sup> | 06/01/24 | 49099 |
| (SOFR + 0.540%) | (SOFR + 0.540%) | (SOFR + 0.540%) | (SOFR + 0.540%) |
| 300000 | 0.824 <sup>(b)</sup> | 06/01/25 | 279220 |
| (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) | (3M U.S. T-Bill MMY + 1.585%) |
| 165000 | 2.005 <sup>(b)</sup> | 03/13/26 | 153454 |
| 40000 | 7.625 | 10/15/26 | 44058 |
| (SOFR + 0.800%) | (SOFR + 0.800%) | (SOFR + 0.800%) | (SOFR + 0.800%) |
| 100000 | 1.045 <sup>(b)</sup> | 11/19/26 | 88296 |
| 300000 | 8.000 | 04/29/27 | 337418 |
| 80000 | 4.250 | 10/01/27 | 77878 |
| (3M USD LIBOR + 1.337%) | (3M USD LIBOR + 1.337%) | (3M USD LIBOR + 1.337%) | (3M USD LIBOR + 1.337%) |
| 400000 | 3.782 <sup>(b)</sup> | 02/01/28 | 377208 |
| (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) |
| 50000 | 3.540 <sup>(b)</sup> | 05/01/28 | 46480 |
| (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) |
| 40000 | 4.452 <sup>(b)</sup> | 12/05/29 | 38084 |
| (SOFR + 1.510%) | (SOFR + 1.510%) | (SOFR + 1.510%) | (SOFR + 1.510%) |
| 90000 | 2.739 <sup>(b)</sup> | 10/15/30 | 76560 |
| (SOFR + 3.790%) | (SOFR + 3.790%) | (SOFR + 3.790%) | (SOFR + 3.790%) |
| 360000 | 4.493 <sup>(b)</sup> | 03/24/31 | 342415 |
| (3M U.S. T-Bill MMY + 1.105%) | (3M U.S. T-Bill MMY + 1.105%) | (3M U.S. T-Bill MMY + 1.105%) | (3M U.S. T-Bill MMY + 1.105%) |
| 25000 | 1.764 <sup>(b)</sup> | 11/19/31 | 19210 |
| (SOFR + 1.180%) | (SOFR + 1.180%) | (SOFR + 1.180%) | (SOFR + 1.180%) |
| 300000 | 2.545 <sup>(b)</sup> | 11/08/32 | 240812 |
| (3M USD LIBOR + 1.360%) | (3M USD LIBOR + 1.360%) | (3M USD LIBOR + 1.360%) | (3M USD LIBOR + 1.360%) |
| 152000 | 3.882 <sup>(b)</sup> | 07/24/38 | 129125 |
| 15000 | 5.400 | 01/06/42 | 15157 |
| 40000 | 4.850 | 02/01/44 | 37486 |
| (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) | (3M USD LIBOR + 1.380%) |
| 40000 | 3.964 <sup>(b)</sup> | 11/15/48 | 32358 |
| (SOFR + 2.440%) | (SOFR + 2.440%) | (SOFR + 2.440%) | (SOFR + 2.440%) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) | JPMorgan Chase & Co. – (continued) |
| 660000 | 3.109 %<sup>(b)</sup> | 04/22/51 | $456013 |
| (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) | (SOFR + 1.580%) |
| 300000 | 3.328 <sup>(b)</sup> | 04/22/52 | 217307 |
| KeyCorp, MTN | KeyCorp, MTN | KeyCorp, MTN | KeyCorp, MTN |
| 120000 | 4.100 | 04/30/28 | 114193 |
| 80000 | 2.550 | 10/01/29 | 67756 |
| Manufacturers & Traders Trust Co. | Manufacturers & Traders Trust Co. | Manufacturers & Traders Trust Co. | Manufacturers & Traders Trust Co. |
| 280000 | 3.400 | 08/17/27 | 256216 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | Morgan Stanley |
| (SOFR + 0.525%) | (SOFR + 0.525%) | (SOFR + 0.525%) | (SOFR + 0.525%) |
| 40000 | 0.790 <sup>(b)</sup> | 05/30/25 | 37017 |
| (SOFR + 1.360%) | (SOFR + 1.360%) | (SOFR + 1.360%) | (SOFR + 1.360%) |
| 100000 | 2.484 <sup>(b)</sup> | 09/16/36 | 74398 |
| (SOFR + 1.485%) | (SOFR + 1.485%) | (SOFR + 1.485%) | (SOFR + 1.485%) |
| 300000 | 3.217 <sup>(b)</sup> | 04/22/42 | 226180 |
| 80000 | 4.300 | 01/27/45 | 69538 |
| 75000 | 4.375 | 01/22/47 | 65670 |
| Morgan Stanley, GMTN | Morgan Stanley, GMTN | Morgan Stanley, GMTN | Morgan Stanley, GMTN |
| 340000 | 3.700 | 10/23/24 | 331918 |
| 120000 | 4.350 | 09/08/26 | 117232 |
| (SOFR + 1.143%) | (SOFR + 1.143%) | (SOFR + 1.143%) | (SOFR + 1.143%) |
| 250000 | 2.699 <sup>(b)</sup> | 01/22/31 | 210109 |
| (SOFR + 1.178%) | (SOFR + 1.178%) | (SOFR + 1.178%) | (SOFR + 1.178%) |
| 200000 | 2.239 <sup>(b)</sup> | 07/21/32 | 154363 |
| Morgan Stanley, MTN | Morgan Stanley, MTN | Morgan Stanley, MTN | Morgan Stanley, MTN |
| 100000 | 6.250 | 08/09/26 | 103048 |
| (SOFR + 1.430%) | (SOFR + 1.430%) | (SOFR + 1.430%) | (SOFR + 1.430%) |
| 300000 | 2.802 <sup>(b)</sup> | 01/25/52 | 193237 |
| Northern Trust Corp. | Northern Trust Corp. | Northern Trust Corp. | Northern Trust Corp. |
| 315000 | 3.950 | 10/30/25 | 309684 |
| 56000 | 3.650 | 08/03/28 | 53727 |
| 150000 | 3.150 | 05/03/29 | 137586 |
| PNC Bank NA | PNC Bank NA | PNC Bank NA | PNC Bank NA |
| 300000 | 2.700 | 10/22/29 | 254334 |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The) |
| 80000 | 3.900 | 04/29/24 | 78781 |
| 400000 | 2.600 | 07/23/26 | 372091 |
| 290000 | 3.450 | 04/23/29 | 266451 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| State Street Corp. | State Street Corp. | State Street Corp. | State Street Corp. |
| (SOFR + 0.560%) | (SOFR + 0.560%) | (SOFR + 0.560%) | (SOFR + 0.560%) |
| 40000 | 1.684 %<sup>(b)</sup> | 11/18/27 | $35468 |
| (3M USD LIBOR + 1.030%) | (3M USD LIBOR + 1.030%) | (3M USD LIBOR + 1.030%) | (3M USD LIBOR + 1.030%) |
| 50000 | 4.141 <sup>(b)</sup> | 12/03/29 | 47701 |
| 100000 | 2.200 | 03/03/31 | 81045 |
| (SOFR + 1.490%) | (SOFR + 1.490%) | (SOFR + 1.490%) | (SOFR + 1.490%) |
| 40000 | 3.031 <sup>(b)</sup> | 11/01/34 | 34188 |
| Truist Bank | Truist Bank | Truist Bank | Truist Bank |
| 40000 | 3.200 | 04/01/24 | 39059 |
| Truist Financial Corp., MTN | Truist Financial Corp., MTN | Truist Financial Corp., MTN | Truist Financial Corp., MTN |
| 80000 | 3.875 | 03/19/29 | 74082 |
| US Bancorp | US Bancorp | US Bancorp | US Bancorp |
| 15000 | 2.400 | 07/30/24 | 14468 |
| US Bancorp, MTN | US Bancorp, MTN | US Bancorp, MTN | US Bancorp, MTN |
| 80000 | 3.900 | 04/26/28 | 77141 |
| 80000 | 3.000 | 07/30/29 | 71115 |
| 40000 | 1.375 | 07/22/30 | 31144 |
| US Bancorp, Series V | US Bancorp, Series V | US Bancorp, Series V | US Bancorp, Series V |
| 300000 | 2.375 | 07/22/26 | 277701 |
| US Bancorp, Series X | US Bancorp, Series X | US Bancorp, Series X | US Bancorp, Series X |
| 150000 | 3.150 | 04/27/27 | 142079 |
| US Bank NA | US Bank NA | US Bank NA | US Bank NA |
| 300000 | 2.050 | 01/21/25 | 283355 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| (SOFR + 2.000%) | (SOFR + 2.000%) | (SOFR + 2.000%) | (SOFR + 2.000%) |
| 300000 | 2.188 <sup>(b)</sup> | 04/30/26 | 279680 |
| 400000 | 3.000 | 10/23/26 | 373631 |
| (SOFR + 2.530%) | (SOFR + 2.530%) | (SOFR + 2.530%) | (SOFR + 2.530%) |
| 150000 | 3.068 <sup>(b)</sup> | 04/30/41 | 111674 |
| 128000 | 5.606 | 01/15/44 | 125446 |
| 60000 | 3.900 | 05/01/45 | 48415 |
| Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN |
| (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) | (3M USD LIBOR + 1.310%) |
| 50000 | 3.584 <sup>(b)</sup> | 05/22/28 | 46274 |
| 25000 | 4.150 | 01/24/29 | 23653 |
| (SOFR + 1.262%) | (SOFR + 1.262%) | (SOFR + 1.262%) | (SOFR + 1.262%) |
| 400000 | 2.572 <sup>(b)</sup> | 02/11/31 | 333999 |
| (SOFR + 4.032%) | (SOFR + 4.032%) | (SOFR + 4.032%) | (SOFR + 4.032%) |
| 340000 | 4.478 <sup>(b)</sup> | 04/04/31 | 323322 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Wells Fargo & Co., MTN – (continued) | Wells Fargo & Co., MTN – (continued) | Wells Fargo & Co., MTN – (continued) | Wells Fargo & Co., MTN – (continued) |
| 290000 | 4.750% | 12/07/46 | $251957 |
| Wells Fargo Bank NA | Wells Fargo Bank NA | Wells Fargo Bank NA | Wells Fargo Bank NA |
| 300000 | 6.600 | 01/15/38 | 332576 |
|  |  |  | 17587738 |
| **Basic Industry – 0.4%** | **Basic Industry – 0.4%** | **Basic Industry – 0.4%** | **Basic Industry – 0.4%** |
| CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. | CF Industries, Inc. |
| 290000 | 5.150 | 03/15/34 | 274261 |
| 100000 | 5.375 | 03/15/44 | 92156 |
| Dow Chemical Co. (The) | Dow Chemical Co. (The) | Dow Chemical Co. (The) | Dow Chemical Co. (The) |
| 60000 | 3.600 | 11/15/50 | 42942 |
| FMC Corp. | FMC Corp. | FMC Corp. | FMC Corp. |
| 350000 | 4.500 | 10/01/49 | 287630 |
| Georgia-Pacific LLC | Georgia-Pacific LLC | Georgia-Pacific LLC | Georgia-Pacific LLC |
| 10000 | 8.000 | 01/15/24 | 10289 |
| Huntsman International LLC | Huntsman International LLC | Huntsman International LLC | Huntsman International LLC |
| 70000 | 4.500 | 05/01/29 | 63480 |
| Linde, Inc. | Linde, Inc. | Linde, Inc. | Linde, Inc. |
| 100000 | 1.100 | 08/10/30 | 77528 |
| LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC |
| 40000 | 2.250 | 10/01/30 | 31947 |
| 180000 | 3.625 | 04/01/51 | 123398 |
| Mosaic Co. (The) | Mosaic Co. (The) | Mosaic Co. (The) | Mosaic Co. (The) |
| 80000 | 4.875 | 11/15/41 | 68274 |
| Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) |
| 200000 | 3.450 | 06/01/27 | 188187 |
| Westlake Corp. | Westlake Corp. | Westlake Corp. | Westlake Corp. |
| 40000 | 3.600 | 08/15/26 | 37729 |
| 250000 | 5.000 | 08/15/46 | 215004 |
|  |  |  | 1512825 |
| **Broadcasting – 0.0%** | **Broadcasting – 0.0%** | **Broadcasting – 0.0%** | **Broadcasting – 0.0%** |
| Fox Corp. | Fox Corp. | Fox Corp. | Fox Corp. |
| 40000 | 4.030 | 01/25/24 | 39404 |
| 40000 | 4.709 | 01/25/29 | 38560 |
| 40000 | 5.576 | 01/25/49 | 35942 |
|  |  |  | 113906 |
| **Brokerage – 0.3%** | **Brokerage – 0.3%** | **Brokerage – 0.3%** | **Brokerage – 0.3%** |
| Affiliated Managers Group, Inc. | Affiliated Managers Group, Inc. | Affiliated Managers Group, Inc. | Affiliated Managers Group, Inc. |
| 130000 | 3.300 | 06/15/30 | 109077 |
| CME Group, Inc. | CME Group, Inc. | CME Group, Inc. | CME Group, Inc. |
| 125000 | 3.000 | 03/15/25 | 121064 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Brokerage – (continued)** | **Brokerage – (continued)** | **Brokerage – (continued)** | **Brokerage – (continued)** |
| Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. | Intercontinental Exchange, Inc. |
| 200000 | 2.100% | 06/15/30 | $165912 |
| 530000 | 4.600 | 03/15/33 | 515210 |
| Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. |
| 40000 | 4.850 | 01/15/27 | 38614 |
| 40000 | 4.150 | 01/23/30 | 35461 |
| 200000 | 6.250 | 01/15/36 | 196696 |
| 20000 | 6.500 | 01/20/43 | 19736 |
| Morgan Stanley Domestic Holdings, Inc. | Morgan Stanley Domestic Holdings, Inc. | Morgan Stanley Domestic Holdings, Inc. | Morgan Stanley Domestic Holdings, Inc. |
| 80000 | 4.500 | 06/20/28 | 76989 |
|  |  |  | 1278759 |
| **Capital Goods – 0.7%** | **Capital Goods – 0.7%** | **Capital Goods – 0.7%** | **Capital Goods – 0.7%** |
| 3M Co. | 3M Co. | 3M Co. | 3M Co. |
| 250000 | 3.050 | 04/15/30 | 224055 |
| Caterpillar Financial Services Corp., MTN | Caterpillar Financial Services Corp., MTN | Caterpillar Financial Services Corp., MTN | Caterpillar Financial Services Corp., MTN |
| 400000 | 3.400 | 05/13/25 | 388990 |
| Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. | Caterpillar, Inc. |
| 50000 | 3.803 | 08/15/42 | 43439 |
| 230000 | 3.250 | 04/09/50 | 177973 |
| CNH Industrial Capital LLC | CNH Industrial Capital LLC | CNH Industrial Capital LLC | CNH Industrial Capital LLC |
| 50000 | 1.450 | 07/15/26 | 43999 |
| Cummins, Inc. | Cummins, Inc. | Cummins, Inc. | Cummins, Inc. |
| 450000 | 2.600 | 09/01/50 | 289269 |
| Deere & Co. | Deere & Co. | Deere & Co. | Deere & Co. |
| 25000 | 3.900 | 06/09/42 | 22588 |
| 40000 | 2.875 | 09/07/49 | 29171 |
| 25000 | 3.750 | 04/15/50 | 21564 |
| Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. |
| 60000 | 1.950 | 10/15/30 | 49056 |
| 15000 | 6.000 | 08/15/32 | 15851 |
| Fortive Corp. | Fortive Corp. | Fortive Corp. | Fortive Corp. |
| 15000 | 4.300 | 06/15/46 | 12024 |
| Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. |
| 100000 | 2.700 | 08/15/29 | 89800 |
| 188000 | 1.950 | 06/01/30 | 157623 |
| Illinois Tool Works, Inc. | Illinois Tool Works, Inc. | Illinois Tool Works, Inc. | Illinois Tool Works, Inc. |
| 115000 | 3.900 | 09/01/42 | 99310 |
| John Deere Capital Corp., MTN | John Deere Capital Corp., MTN | John Deere Capital Corp., MTN | John Deere Capital Corp., MTN |
| 50000 | 2.800 | 07/18/29 | 45126 |
| 80000 | 2.450 | 01/09/30 | 69883 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** | **Capital Goods – (continued)** |
| Leggett & Platt, Inc. | Leggett & Platt, Inc. | Leggett & Platt, Inc. | Leggett & Platt, Inc. |
| 80000 | 4.400% | 03/15/29 | $75738 |
| 100000 | 3.500 | 11/15/51 | 72416 |
| Otis Worldwide Corp. | Otis Worldwide Corp. | Otis Worldwide Corp. | Otis Worldwide Corp. |
| 60000 | 2.293 | 04/05/27 | 54268 |
| Trane Technologies Luxembourg Finance SA | Trane Technologies Luxembourg Finance SA | Trane Technologies Luxembourg Finance SA | Trane Technologies Luxembourg Finance SA |
| 50000 | 3.800 | 03/21/29 | 46303 |
| Waste Management, Inc. | Waste Management, Inc. | Waste Management, Inc. | Waste Management, Inc. |
| 50000 | 0.750 | 11/15/25 | 44988 |
| 50000 | 2.500 | 11/15/50 | 32081 |
| Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. |
| 110000 | 4.400 | 03/15/24 | 107746 |
| 133000 | 3.450 | 11/15/26 | 122920 |
| 415000 | 4.950 | 09/15/28 | 397359 |
| WW Grainger, Inc. | WW Grainger, Inc. | WW Grainger, Inc. | WW Grainger, Inc. |
| 100000 | 1.850 | 02/15/25 | 94060 |
| 60000 | 4.600 | 06/15/45 | 55602 |
| 100000 | 3.750 | 05/15/46 | 79600 |
| Xylem, Inc. | Xylem, Inc. | Xylem, Inc. | Xylem, Inc. |
| 15000 | 3.250 | 11/01/26 | 14141 |
|  |  |  | 2976943 |
| **Communications – 0.8%** | **Communications – 0.8%** | **Communications – 0.8%** | **Communications – 0.8%** |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital |
| 190000 | 4.908 | 07/23/25 | 187209 |
| 140000 | 3.750 | 02/15/28 | 128079 |
| 82000 | 4.200 | 03/15/28 | 76208 |
| 90000 | 5.050 | 03/30/29 | 85826 |
| 40000 | 2.800 | 04/01/31 | 31718 |
| 130000 | 6.384 | 10/23/35 | 127905 |
| 300000 | 5.375 | 04/01/38 | 260153 |
| 40000 | 6.484 | 10/23/45 | 37977 |
| 60000 | 5.750 | 04/01/48 | 51889 |
| 40000 | 5.125 | 07/01/49 | 31739 |
| 40000 | 6.834 | 10/23/55 | 38776 |
| 60000 | 4.400 | 12/01/61 | 40858 |
| Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD | Charter Communications Operating LLC / Charter Communications Operating Capital, Series USD |
| 60000 | 4.500 | 02/01/24 | 59268 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** | **Communications – (continued)** |
| NBCUniversal Media LLC | NBCUniversal Media LLC | NBCUniversal Media LLC | NBCUniversal Media LLC |
| 50000 | 6.400% | 04/30/40 | $55105 |
| Omnicom Group, Inc. | Omnicom Group, Inc. | Omnicom Group, Inc. | Omnicom Group, Inc. |
| 550000 | 2.450 | 04/30/30 | 458067 |
| 80000 | 4.200 | 06/01/30 | 75107 |
| Paramount Global | Paramount Global | Paramount Global | Paramount Global |
| 250000 | 4.750 | 05/15/25 | 246701 |
| 80000 | 4.000 | 01/15/26 | 76128 |
| 150000 | 7.875 | 07/30/30 | 162261 |
| 100000 | 4.950 | 01/15/31 | 90341 |
| 11000 | 6.875 | 04/30/36 | 10922 |
| 150000 | 4.850 | 07/01/42 | 113611 |
| 15000 | 4.900 | 08/15/44 | 11214 |
| Time Warner Cable Enterprises LLC | Time Warner Cable Enterprises LLC | Time Warner Cable Enterprises LLC | Time Warner Cable Enterprises LLC |
| 115000 | 8.375 | 07/15/33 | 128814 |
| Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC | Time Warner Cable LLC |
| 115000 | 6.750 | 06/15/39 | 112156 |
| 15000 | 5.875 | 11/15/40 | 13375 |
| 15000 | 5.500 | 09/01/41 | 12776 |
| TWDC Enterprises 18 Corp. | TWDC Enterprises 18 Corp. | TWDC Enterprises 18 Corp. | TWDC Enterprises 18 Corp. |
| 15000 | 4.375 | 08/16/41 | 13716 |
| TWDC Enterprises 18 Corp., GMTN | TWDC Enterprises 18 Corp., GMTN | TWDC Enterprises 18 Corp., GMTN | TWDC Enterprises 18 Corp., GMTN |
| 15000 | 4.125 | 06/01/44 | 13145 |
| Walt Disney Co. (The) | Walt Disney Co. (The) | Walt Disney Co. (The) | Walt Disney Co. (The) |
| 400000 | 1.750 | 08/30/24 | 380355 |
| 80000 | 2.000 | 09/01/29 | 67747 |
| 80000 | 3.800 | 03/22/30 | 75342 |
| 90000 | 3.500 | 05/13/40 | 74524 |
| 15000 | 4.750 | 09/15/44 | 14205 |
| 50000 | 3.600 | 01/13/51 | 39245 |
|  |  |  | 3402462 |
| **Consumer Cyclical – 1.7%** | **Consumer Cyclical – 1.7%** | **Consumer Cyclical – 1.7%** | **Consumer Cyclical – 1.7%** |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| 40000 | 3.800 | 12/05/24 | 39472 |
| 500000 | 3.300 | 04/13/27 | 479990 |
| 250000 | 3.150 | 08/22/27 | 237257 |
| 100000 | 2.100 | 05/12/31 | 83294 |
| 80000 | 4.050 | 08/22/47 | 69870 |
| 15000 | 2.500 | 06/03/50 | 9779 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| Amazon.com, Inc. – (continued) | Amazon.com, Inc. – (continued) | Amazon.com, Inc. – (continued) | Amazon.com, Inc. – (continued) |
| 200000 | 3.950% | 04/13/52 | $170707 |
| 75000 | 4.250 | 08/22/57 | 66171 |
| 50000 | 2.700 | 06/03/60 | 31423 |
| Costco Wholesale Corp. | Costco Wholesale Corp. | Costco Wholesale Corp. | Costco Wholesale Corp. |
| 40000 | 3.000 | 05/18/27 | 38182 |
| DR Horton, Inc. | DR Horton, Inc. | DR Horton, Inc. | DR Horton, Inc. |
| 80000 | 2.500 | 10/15/24 | 75878 |
| 90000 | 2.600 | 10/15/25 | 83447 |
| 100000 | 1.400 | 10/15/27 | 83583 |
| General Motors Co. | General Motors Co. | General Motors Co. | General Motors Co. |
| 400000 | 5.600 | 10/15/32 | 384997 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| 500000 | 6.050 | 10/10/25 | 505572 |
| Home Depot, Inc. (The) | Home Depot, Inc. (The) | Home Depot, Inc. (The) | Home Depot, Inc. (The) |
| 250000 | 2.800 | 09/14/27 | 233744 |
| 300000 | 4.500 | 09/15/32 | 297682 |
| 237000 | 3.125 | 12/15/49 | 173226 |
| Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. | Las Vegas Sands Corp. |
| 500000 | 3.900 | 08/08/29 | 429452 |
| Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. | Lowe's Cos., Inc. |
| 250000 | 4.500 | 04/15/30 | 244180 |
| 200000 | 2.800 | 09/15/41 | 141531 |
| 100000 | 4.050 | 05/03/47 | 80789 |
| Marriott International, Inc., Series EE | Marriott International, Inc., Series EE | Marriott International, Inc., Series EE | Marriott International, Inc., Series EE |
| 50000 | 5.750 | 05/01/25 | 50834 |
| Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. |
| 60000 | 2.000 | 03/03/25 | 57137 |
| 15000 | 3.300 | 03/26/27 | 14445 |
| 100000 | 3.950 | 02/26/48 | 88805 |
| 50000 | 3.850 | 03/26/50 | 43541 |
| McDonald's Corp., MTN | McDonald's Corp., MTN | McDonald's Corp., MTN | McDonald's Corp., MTN |
| 200000 | 3.500 | 07/01/27 | 192134 |
| 45000 | 4.700 | 12/09/35 | 43667 |
| 60000 | 4.450 | 09/01/48 | 53492 |
| MDC Holdings, Inc. | MDC Holdings, Inc. | MDC Holdings, Inc. | MDC Holdings, Inc. |
| 500000 | 2.500 | 01/15/31 | 352787 |
| 40000 | 6.000 | 01/15/43 | 32425 |
| NIKE, Inc. | NIKE, Inc. | NIKE, Inc. | NIKE, Inc. |
| 20000 | 3.375 | 03/27/50 | 15858 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. |
| 80000 | 4.200% | 04/01/30 | $75459 |
| PulteGroup, Inc. | PulteGroup, Inc. | PulteGroup, Inc. | PulteGroup, Inc. |
| 300000 | 6.375 | 05/15/33 | 297184 |
| Starbucks Corp. | Starbucks Corp. | Starbucks Corp. | Starbucks Corp. |
| 250000 | 3.800 | 08/15/25 | 246741 |
| 30000 | 3.750 | 12/01/47 | 23595 |
| Tapestry, Inc. | Tapestry, Inc. | Tapestry, Inc. | Tapestry, Inc. |
| 33000 | 4.125 | 07/15/27 | 30720 |
| Target Corp. | Target Corp. | Target Corp. | Target Corp. |
| 300000 | 1.950 | 01/15/27 | 274788 |
| Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. | Toyota Motor Credit Corp. |
| 100000 | 0.625 | 09/13/24 | 93033 |
| 40000 | 3.650 | 01/08/29 | 37870 |
| Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN | Toyota Motor Credit Corp., MTN |
| 300000 | 0.800 | 01/09/26 | 268463 |
| 100000 | 1.150 | 08/13/27 | 85767 |
| 80000 | 3.375 | 04/01/30 | 73160 |
| Visa, Inc. | Visa, Inc. | Visa, Inc. | Visa, Inc. |
| 40000 | 1.900 | 04/15/27 | 36348 |
| 150000 | 0.750 | 08/15/27 | 128646 |
| 405000 | 2.750 | 09/15/27 | 381007 |
| 40000 | 4.300 | 12/14/45 | 37526 |
| Walmart, Inc. | Walmart, Inc. | Walmart, Inc. | Walmart, Inc. |
| 100000 | 3.300 | 04/22/24 | 98280 |
| 40000 | 2.850 | 07/08/24 | 38941 |
| 200000 | 2.650 | 09/22/51 | 141460 |
|  |  |  | 7274339 |
| **Consumer Noncyclical – 1.4%** | **Consumer Noncyclical – 1.4%** | **Consumer Noncyclical – 1.4%** | **Consumer Noncyclical – 1.4%** |
| Abbott Laboratories | Abbott Laboratories | Abbott Laboratories | Abbott Laboratories |
| 60000 | 3.875 | 09/15/25 | 58883 |
| 150000 | 4.750 | 11/30/36 | 150672 |
| 100000 | 6.000 | 04/01/39 | 111690 |
| 40000 | 4.750 | 04/15/43 | 39003 |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 600000 | 2.950 | 11/21/26 | 561231 |
| 100000 | 4.625 | 10/01/42 | 89351 |
| 200000 | 4.400 | 11/06/42 | 178965 |
| 200000 | 4.700 | 05/14/45 | 183539 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| Agilent Technologies, Inc. | Agilent Technologies, Inc. | Agilent Technologies, Inc. | Agilent Technologies, Inc. |
| 100000 | 2.750% | 09/15/29 | $87471 |
| Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. | Altria Group, Inc. |
| 115000 | 3.400 | 05/06/30 | 99308 |
| 40000 | 4.500 | 05/02/43 | 30470 |
| 40000 | 5.375 | 01/31/44 | 35445 |
| 75000 | 3.875 | 09/16/46 | 51169 |
| 55000 | 4.450 | 05/06/50 | 39791 |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 200000 | 3.625 | 05/22/24 | 196845 |
| 200000 | 2.600 | 08/19/26 | 186384 |
| 200000 | 2.200 | 02/21/27 | 182257 |
| 200000 | 4.663 | 06/15/51 | 177769 |
| Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. | Bristol-Myers Squibb Co. |
| 300000 | 0.750 | 11/13/25 | 270307 |
| 300000 | 3.200 | 06/15/26 | 288365 |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| 400000 | 4.250 | 12/15/27 | 373000 |
| Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. |
| 300000 | 5.500 | 10/15/32 | 311698 |
| Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. | Eli Lilly & Co. |
| 15000 | 3.100 | 05/15/27 | 14286 |
| 102000 | 3.375 | 03/15/29 | 96929 |
| Equifax, Inc. | Equifax, Inc. | Equifax, Inc. | Equifax, Inc. |
| 40000 | 3.250 | 06/01/26 | 37380 |
| 100000 | 2.350 | 09/15/31 | 77563 |
| Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. | Gilead Sciences, Inc. |
| 500000 | 2.800 | 10/01/50 | 332530 |
| Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson |
| 76000 | 0.550 | 09/01/25 | 69100 |
| 15000 | 0.950 | 09/01/27 | 13043 |
| 90000 | 2.900 | 01/15/28 | 85463 |
| 170000 | 6.950 | 09/01/29 | 195684 |
| 40000 | 1.300 | 09/01/30 | 32878 |
| 25000 | 3.625 | 03/03/37 | 22454 |
| 40000 | 2.100 | 09/01/40 | 28217 |
| 25000 | 4.500 | 12/05/43 | 24314 |
| 35000 | 3.700 | 03/01/46 | 30156 |
| Kroger Co. (The) | Kroger Co. (The) | Kroger Co. (The) | Kroger Co. (The) |
| 25000 | 3.875 | 10/15/46 | 19308 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| Laboratory Corp of America Holdings | Laboratory Corp of America Holdings | Laboratory Corp of America Holdings | Laboratory Corp of America Holdings |
| 15000 | 4.700% | 02/01/45 | $13262 |
| Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. | Merck & Co., Inc. |
| 100000 | 3.600 | 09/15/42 | 84137 |
| 250000 | 3.700 | 02/10/45 | 210998 |
| Mylan, Inc. | Mylan, Inc. | Mylan, Inc. | Mylan, Inc. |
| 240000 | 5.400 | 11/29/43 | 192658 |
| 150000 | 5.200 | 04/15/48 | 117409 |
| Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. |
| 290000 | 0.800 | 05/28/25 | 268213 |
| 260000 | 4.000 | 12/15/36 | 240585 |
| 10000 | 4.100 | 09/15/38 | 9219 |
| 40000 | 2.700 | 05/28/50 | 28606 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| 40000 | 3.250 | 11/10/24 | 38707 |
| 15000 | 4.375 | 11/15/41 | 12163 |
| 15000 | 4.875 | 11/15/43 | 12965 |
| 10000 | 4.250 | 11/10/44 | 7952 |
| Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. | Utah Acquisition Sub, Inc. |
| 75000 | 5.250 | 06/15/46 | 57563 |
| Viatris, Inc. | Viatris, Inc. | Viatris, Inc. | Viatris, Inc. |
| 15000 | 4.000 | 06/22/50 | 9773 |
| Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. | Walgreens Boots Alliance, Inc. |
| 40000 | 4.800 | 11/18/44 | 34550 |
| 15000 | 4.650 | 06/01/46 | 12166 |
| Wyeth LLC | Wyeth LLC | Wyeth LLC | Wyeth LLC |
| 10000 | 6.500 | 02/01/34 | 11251 |
|  |  |  | 6145095 |
| **Consumer Products – 0.3%** | **Consumer Products – 0.3%** | **Consumer Products – 0.3%** | **Consumer Products – 0.3%** |
| Clorox Co. (The) | Clorox Co. (The) | Clorox Co. (The) | Clorox Co. (The) |
| 810000 | 4.600 | 05/01/32 | 791643 |
| Colgate-Palmolive Co., MTN | Colgate-Palmolive Co., MTN | Colgate-Palmolive Co., MTN | Colgate-Palmolive Co., MTN |
| 40000 | 4.000 | 08/15/45 | 36374 |
| 15000 | 3.700 | 08/01/47 | 12993 |
| GSK Consumer Healthcare Capital US LLC | GSK Consumer Healthcare Capital US LLC | GSK Consumer Healthcare Capital US LLC | GSK Consumer Healthcare Capital US LLC |
| 250000 | 4.000 | 03/24/52 | 202338 |
| Procter & Gamble Co. (The) | Procter & Gamble Co. (The) | Procter & Gamble Co. (The) | Procter & Gamble Co. (The) |
| 40000 | 0.550 | 10/29/25 | 35995 |
| 40000 | 1.000 | 04/23/26 | 35836 |
| 300000 | 2.450 | 11/03/26 | 280837 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Products – (continued)** | **Consumer Products – (continued)** | **Consumer Products – (continued)** | **Consumer Products – (continued)** |
| Procter & Gamble Co. (The) – (continued) | Procter & Gamble Co. (The) – (continued) | Procter & Gamble Co. (The) – (continued) | Procter & Gamble Co. (The) – (continued) |
| 15000 | 2.850% | 08/11/27 | $14120 |
|  |  |  | 1410136 |
| **Electric – 2.2%** | **Electric – 2.2%** | **Electric – 2.2%** | **Electric – 2.2%** |
| AEP Texas, Inc., Series G | AEP Texas, Inc., Series G | AEP Texas, Inc., Series G | AEP Texas, Inc., Series G |
| 100000 | 4.150 | 05/01/49 | 79262 |
| AEP Transmission Co. LLC | AEP Transmission Co. LLC | AEP Transmission Co. LLC | AEP Transmission Co. LLC |
| 100000 | 3.750 | 12/01/47 | 78967 |
| AEP Transmission Co. LLC, Series M | AEP Transmission Co. LLC, Series M | AEP Transmission Co. LLC, Series M | AEP Transmission Co. LLC, Series M |
| 110000 | 3.650 | 04/01/50 | 83893 |
| Alabama Power Co., Series 20-A | Alabama Power Co., Series 20-A | Alabama Power Co., Series 20-A | Alabama Power Co., Series 20-A |
| 15000 | 1.450 | 09/15/30 | 11785 |
| Alabama Power Co., Series A | Alabama Power Co., Series A | Alabama Power Co., Series A | Alabama Power Co., Series A |
| 100000 | 4.300 | 07/15/48 | 84513 |
| American Electric Power Co., Inc. | American Electric Power Co., Inc. | American Electric Power Co., Inc. | American Electric Power Co., Inc. |
| 300000 | 2.300 | 03/01/30 | 247558 |
| 40000 | 3.250 | 03/01/50 | 27433 |
| American Electric Power Co., Inc., Series J | American Electric Power Co., Inc., Series J | American Electric Power Co., Inc., Series J | American Electric Power Co., Inc., Series J |
| 36000 | 4.300 | 12/01/28 | 34531 |
| Berkshire Hathaway Energy Co. | Berkshire Hathaway Energy Co. | Berkshire Hathaway Energy Co. | Berkshire Hathaway Energy Co. |
| 300000 | 4.050 | 04/15/25 | 297075 |
| Black Hills Corp. | Black Hills Corp. | Black Hills Corp. | Black Hills Corp. |
| 20000 | 2.500 | 06/15/30 | 16146 |
| Cleco Corporate Holdings LLC | Cleco Corporate Holdings LLC | Cleco Corporate Holdings LLC | Cleco Corporate Holdings LLC |
| 80000 | 3.375 | 09/15/29 | 67756 |
| Cleco Power LLC | Cleco Power LLC | Cleco Power LLC | Cleco Power LLC |
| 15000 | 6.000 | 12/01/40 | 14675 |
| Commonwealth Edison Co. | Commonwealth Edison Co. | Commonwealth Edison Co. | Commonwealth Edison Co. |
| 300000 | 3.650 | 06/15/46 | 234064 |
| Commonwealth Edison Co., Series 123 | Commonwealth Edison Co., Series 123 | Commonwealth Edison Co., Series 123 | Commonwealth Edison Co., Series 123 |
| 40000 | 3.750 | 08/15/47 | 31821 |
| Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. | Consolidated Edison Co. of New York, Inc. |
| 170000 | 3.850 | 06/15/46 | 134661 |
| 40000 | 4.625 | 12/01/54 | 34628 |
| 100000 | 4.500 | 05/15/58 | 85100 |
| Consolidated Edison Co. of New York, Inc., Series 08-B | Consolidated Edison Co. of New York, Inc., Series 08-B | Consolidated Edison Co. of New York, Inc., Series 08-B | Consolidated Edison Co. of New York, Inc., Series 08-B |
| 10000 | 6.750 | 04/01/38 | 11056 |
| Consolidated Edison Co. of New York, Inc., Series 12-A | Consolidated Edison Co. of New York, Inc., Series 12-A | Consolidated Edison Co. of New York, Inc., Series 12-A | Consolidated Edison Co. of New York, Inc., Series 12-A |
| 40000 | 4.200 | 03/15/42 | 33775 |
| Consolidated Edison Co. of New York, Inc., Series A | Consolidated Edison Co. of New York, Inc., Series A | Consolidated Edison Co. of New York, Inc., Series A | Consolidated Edison Co. of New York, Inc., Series A |
| 15000 | 4.125 | 05/15/49 | 12305 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| 80000 | 4.250% | 06/01/28 | $76397 |
| Dominion Energy, Inc., Series C | Dominion Energy, Inc., Series C | Dominion Energy, Inc., Series C | Dominion Energy, Inc., Series C |
| 300000 | 3.375 | 04/01/30 | 265615 |
| DTE Electric Co. | DTE Electric Co. | DTE Electric Co. | DTE Electric Co. |
| 15000 | 3.700 | 03/15/45 | 12003 |
| DTE Electric Co., Series A | DTE Electric Co., Series A | DTE Electric Co., Series A | DTE Electric Co., Series A |
| 40000 | 4.000 | 04/01/43 | 33831 |
| DTE Energy Co.<sup>(c)</sup>, Series C | DTE Energy Co.<sup>(c)</sup>, Series C | DTE Energy Co.<sup>(c)</sup>, Series C | DTE Energy Co.<sup>(c)</sup>, Series C |
| 60000 | 2.529 | 10/01/24 | 56974 |
| Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC | Duke Energy Carolinas LLC |
| 350000 | 3.700 | 12/01/47 | 271412 |
| 50000 | 3.950 | 03/15/48 | 40824 |
| Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. | Duke Energy Corp. |
| 300000 | 3.750 | 09/01/46 | 224667 |
| Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC | Duke Energy Florida LLC |
| 25000 | 3.400 | 10/01/46 | 18438 |
| Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC | Duke Energy Indiana LLC |
| 50000 | 6.350 | 08/15/38 | 53597 |
| 40000 | 6.450 | 04/01/39 | 43238 |
| Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC | Duke Energy Progress LLC |
| 100000 | 3.450 | 03/15/29 | 92128 |
| 15000 | 4.100 | 05/15/42 | 12698 |
| Edison International | Edison International | Edison International | Edison International |
| 485000 | 5.750 | 06/15/27 | 490287 |
| Entergy Corp. | Entergy Corp. | Entergy Corp. | Entergy Corp. |
| 50000 | 2.800 | 06/15/30 | 42070 |
| Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC | Entergy Louisiana LLC |
| 250000 | 0.950 | 10/01/24 | 232213 |
| 230000 | 4.200 | 04/01/50 | 189250 |
| Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. | Entergy Texas, Inc. |
| 100000 | 1.750 | 03/15/31 | 78121 |
| Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. | Evergy Kansas Central, Inc. |
| 40000 | 4.250 | 12/01/45 | 33012 |
| Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. | Evergy Metro, Inc. |
| 200000 | 4.200 | 03/15/48 | 162783 |
| Evergy Metro, Inc., Series 2019 | Evergy Metro, Inc., Series 2019 | Evergy Metro, Inc., Series 2019 | Evergy Metro, Inc., Series 2019 |
| 15000 | 4.125 | 04/01/49 | 12194 |
| Eversource Energy | Eversource Energy | Eversource Energy | Eversource Energy |
| 60000 | 3.450 | 01/15/50 | 44351 |
| Exelon Corp. | Exelon Corp. | Exelon Corp. | Exelon Corp. |
| 100000 | 4.450 | 04/15/46 | 85832 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| 15000 | 3.125% | 12/01/25 | $14297 |
| 80000 | 4.950 | 06/01/35 | 78696 |
| 300000 | 5.690 | 03/01/40 | 313723 |
| 15000 | 4.125 | 02/01/42 | 13121 |
| 140000 | 4.050 | 10/01/44 | 119097 |
| Georgia Power Co., Series B | Georgia Power Co., Series B | Georgia Power Co., Series B | Georgia Power Co., Series B |
| 400000 | 2.650 | 09/15/29 | 343980 |
| 15000 | 3.700 | 01/30/50 | 11464 |
| Interstate Power and Light Co. | Interstate Power and Light Co. | Interstate Power and Light Co. | Interstate Power and Light Co. |
| 200000 | 2.300 | 06/01/30 | 164387 |
| 40000 | 3.500 | 09/30/49 | 29371 |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. |
| 40000 | 2.400 | 03/15/30 | 33782 |
| 100000 | 2.750 | 04/15/32 | 83221 |
| 300000 | 4.023 | 11/01/32 | 274227 |
| Nevada Power Co., Series GG | Nevada Power Co., Series GG | Nevada Power Co., Series GG | Nevada Power Co., Series GG |
| 250000 | 5.900 | 05/01/53 | 270116 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| 100000 | 1.700 | 02/15/31 | 77082 |
| Northern States Power Co. | Northern States Power Co. | Northern States Power Co. | Northern States Power Co. |
| 200000 | 4.500 | 06/01/52 | 184293 |
| NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. | NSTAR Electric Co. |
| 15000 | 3.200 | 05/15/27 | 14084 |
| 100000 | 3.950 | 04/01/30 | 94983 |
| Ohio Power Co., Series D | Ohio Power Co., Series D | Ohio Power Co., Series D | Ohio Power Co., Series D |
| 15000 | 6.600 | 03/01/33 | 15965 |
| Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. | Pacific Gas and Electric Co. |
| 100000 | 3.450 | 07/01/25 | 94322 |
| 200000 | 2.100 | 08/01/27 | 170090 |
| 210000 | 4.300 | 03/15/45 | 153253 |
| 150000 | 4.000 | 12/01/46 | 103129 |
| PPL Capital Funding, Inc. | PPL Capital Funding, Inc. | PPL Capital Funding, Inc. | PPL Capital Funding, Inc. |
| 25000 | 5.000 | 03/15/44 | 21358 |
| Public Service Electric and Gas Co., MTN | Public Service Electric and Gas Co., MTN | Public Service Electric and Gas Co., MTN | Public Service Electric and Gas Co., MTN |
| 100000 | 1.900 | 08/15/31 | 80545 |
| 300000 | 3.800 | 03/01/46 | 240442 |
| 100000 | 3.000 | 03/01/51 | 69392 |
| Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. | Public Service Enterprise Group, Inc. |
| 40000 | 2.450 | 11/15/31 | 32235 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** |
| Puget Sound Energy, Inc. | Puget Sound Energy, Inc. | Puget Sound Energy, Inc. | Puget Sound Energy, Inc. |
| 205000 | 4.223% | 06/15/48 | $171598 |
| Sempra Energy | Sempra Energy | Sempra Energy | Sempra Energy |
| 400000 | 3.800 | 02/01/38 | 324866 |
| 100000 | 4.000 | 02/01/48 | 77044 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| 40000 | 2.850 | 08/01/29 | 35073 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 110000 | 5.113 | 08/01/27 | 109801 |
| 250000 | 4.400 | 07/01/46 | 211453 |
| Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. | Southern Co. Gas Capital Corp. |
| 15000 | 3.950 | 10/01/46 | 11441 |
| 100000 | 4.400 | 05/30/47 | 81540 |
| Southwestern Electric Power Co., Series L | Southwestern Electric Power Co., Series L | Southwestern Electric Power Co., Series L | Southwestern Electric Power Co., Series L |
| 100000 | 3.850 | 02/01/48 | 75166 |
| Tucson Electric Power Co. | Tucson Electric Power Co. | Tucson Electric Power Co. | Tucson Electric Power Co. |
| 300000 | 4.850 | 12/01/48 | 264959 |
| Union Electric Co. | Union Electric Co. | Union Electric Co. | Union Electric Co. |
| 100000 | 3.500 | 03/15/29 | 92559 |
| Virginia Electric and Power Co., Series A | Virginia Electric and Power Co., Series A | Virginia Electric and Power Co., Series A | Virginia Electric and Power Co., Series A |
| 100000 | 3.500 | 03/15/27 | 94895 |
| Virginia Electric and Power Co., Series B | Virginia Electric and Power Co., Series B | Virginia Electric and Power Co., Series B | Virginia Electric and Power Co., Series B |
| 100000 | 6.000 | 01/15/36 | 104069 |
| Virginia Electric and Power Co., Series C | Virginia Electric and Power Co., Series C | Virginia Electric and Power Co., Series C | Virginia Electric and Power Co., Series C |
| 100000 | 4.000 | 11/15/46 | 80310 |
| Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. | Xcel Energy, Inc. |
| 400000 | 1.750 | 03/15/27 | 350652 |
|  |  |  | 9379020 |
| **Energy – 1.7%** | **Energy – 1.7%** | **Energy – 1.7%** | **Energy – 1.7%** |
| Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. |
| 200000 | 4.080 | 12/15/47 | 159229 |
| Boardwalk Pipelines LP | Boardwalk Pipelines LP | Boardwalk Pipelines LP | Boardwalk Pipelines LP |
| 100000 | 4.800 | 05/03/29 | 94196 |
| BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. | BP Capital Markets America, Inc. |
| 300000 | 4.234 | 11/06/28 | 292103 |
| Cheniere Corpus Christi Holdings LLC | Cheniere Corpus Christi Holdings LLC | Cheniere Corpus Christi Holdings LLC | Cheniere Corpus Christi Holdings LLC |
| 80000 | 5.875 | 03/31/25 | 80588 |
| 40000 | 5.125 | 06/30/27 | 39850 |
| 300000 | 2.742 | 12/31/39 | 234612 |
| Chevron Corp. | Chevron Corp. | Chevron Corp. | Chevron Corp. |
| 40000 | 2.895 | 03/03/24 | 39144 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Chevron Corp. – (continued) | Chevron Corp. – (continued) | Chevron Corp. – (continued) | Chevron Corp. – (continued) |
| 300000 | 3.326% | 11/17/25 | $292389 |
| Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. | Chevron USA, Inc. |
| 40000 | 3.900 | 11/15/24 | 39506 |
| 200000 | 2.343 | 08/12/50 | 130637 |
| ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. |
| 250000 | 3.758 | 03/15/42 | 206130 |
| Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. | Devon Energy Corp. |
| 9000 | 4.500 | 01/15/30 | 8447 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| 100000 | 4.250 | 04/01/24 | 98115 |
| 140000 | 3.750 | 05/15/30 | 123969 |
| 75000 | 6.125 | 12/15/45 | 70843 |
| 225000 | 5.300 | 04/15/47 | 191477 |
| 55000 | 6.250 | 04/15/49 | 52194 |
| Energy Transfer LP / Regency Energy Finance Corp. | Energy Transfer LP / Regency Energy Finance Corp. | Energy Transfer LP / Regency Energy Finance Corp. | Energy Transfer LP / Regency Energy Finance Corp. |
| 120000 | 4.500 | 11/01/23 | 118800 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| 100000 | 2.800 | 01/31/30 | 86523 |
| 160000 | 4.850 | 08/15/42 | 144834 |
| 60000 | 4.200 | 01/31/50 | 47843 |
| 15000 | 3.950 | 01/31/60 | 11090 |
| Enterprise Products Operating LLC, Series D | Enterprise Products Operating LLC, Series D | Enterprise Products Operating LLC, Series D | Enterprise Products Operating LLC, Series D |
| 80000 | 6.875 | 03/01/33 | 88575 |
| EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. | EOG Resources, Inc. |
| 60000 | 3.900 | 04/01/35 | 54401 |
| Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. | Exxon Mobil Corp. |
| 75000 | 2.709 | 03/06/25 | 72135 |
| 200000 | 2.275 | 08/16/26 | 186736 |
| 200000 | 4.227 | 03/19/40 | 183438 |
| Halliburton Co. | Halliburton Co. | Halliburton Co. | Halliburton Co. |
| 50000 | 5.000 | 11/15/45 | 44914 |
| Hess Corp. | Hess Corp. | Hess Corp. | Hess Corp. |
| 120000 | 4.300 | 04/01/27 | 115556 |
| 55000 | 6.000 | 01/15/40 | 55148 |
| 75000 | 5.600 | 02/15/41 | 71980 |
| 100000 | 5.800 | 04/01/47 | 97564 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 300000 | 7.300 | 08/15/33 | 326766 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. | Kinder Morgan, Inc. |
| 40000 | 4.300% | 06/01/25 | $39450 |
| 56000 | 2.000 | 02/15/31 | 44039 |
| 200000 | 5.200 | 03/01/48 | 178259 |
| Magellan Midstream Partners LP | Magellan Midstream Partners LP | Magellan Midstream Partners LP | Magellan Midstream Partners LP |
| 315000 | 4.200 | 10/03/47 | 243922 |
| Marathon Oil Corp. | Marathon Oil Corp. | Marathon Oil Corp. | Marathon Oil Corp. |
| 300000 | 6.800 | 03/15/32 | 316367 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 100000 | 4.875 | 12/01/24 | 99253 |
| 200000 | 1.750 | 03/01/26 | 179239 |
| 500000 | 2.650 | 08/15/30 | 413313 |
| 140000 | 4.700 | 04/15/48 | 113740 |
| 100000 | 5.500 | 02/15/49 | 90091 |
| NOV, Inc. | NOV, Inc. | NOV, Inc. | NOV, Inc. |
| 15000 | 3.950 | 12/01/42 | 10807 |
| ONEOK Partners LP | ONEOK Partners LP | ONEOK Partners LP | ONEOK Partners LP |
| 15000 | 6.650 | 10/01/36 | 14985 |
| ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. | ONEOK, Inc. |
| 80000 | 2.200 | 09/15/25 | 73377 |
| 100000 | 3.400 | 09/01/29 | 87823 |
| 25000 | 6.350 | 01/15/31 | 25670 |
| 140000 | 5.200 | 07/15/48 | 119659 |
| Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. | Ovintiv, Inc. |
| 40000 | 7.375 | 11/01/31 | 43431 |
| 65000 | 6.500 | 08/15/34 | 66794 |
| Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp. |
| 100000 | 3.850 | 10/15/23 | 98509 |
| 90000 | 3.600 | 11/01/24 | 86793 |
| 50000 | 4.650 | 10/15/25 | 49117 |
| 40000 | 4.500 | 12/15/26 | 38620 |
| 92000 | 3.550 | 12/15/29 | 80332 |
| 35000 | 6.700 | 05/15/36 | 34278 |
| 40000 | 6.650 | 01/15/37 | 40135 |
| 15000 | 4.700 | 06/15/44 | 11645 |
| Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC | Sabine Pass Liquefaction LLC |
| 120000 | 5.750 | 05/15/24 | 119925 |
| 110000 | 5.625 | 03/01/25 | 109970 |
| 120000 | 4.200 | 03/15/28 | 112794 |
| 15000 | 4.500 | 05/15/30 | 14100 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Schlumberger Investment SA | Schlumberger Investment SA | Schlumberger Investment SA | Schlumberger Investment SA |
| 50000 | 3.650% | 12/01/23 | $49425 |
| Spectra Energy Partners LP | Spectra Energy Partners LP | Spectra Energy Partners LP | Spectra Energy Partners LP |
| 125000 | 3.375 | 10/15/26 | 117143 |
| Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC | Transcontinental Gas Pipe Line Co. LLC |
| 50000 | 5.400 | 08/15/41 | 48330 |
| 40000 | 3.950 | 05/15/50 | 31310 |
| Valero Energy Corp. | Valero Energy Corp. | Valero Energy Corp. | Valero Energy Corp. |
| 200000 | 3.400 | 09/15/26 | 190468 |
| 15000 | 4.900 | 03/15/45 | 13689 |
| Williams Cos., Inc. (The) | Williams Cos., Inc. (The) | Williams Cos., Inc. (The) | Williams Cos., Inc. (The) |
| 200000 | 3.750 | 06/15/27 | 189442 |
| 15000 | 6.300 | 04/15/40 | 15711 |
|  |  |  | 7471687 |
| **Financial Company – 0.2%** | **Financial Company – 0.2%** | **Financial Company – 0.2%** | **Financial Company – 0.2%** |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| 300000 | 2.200 | 01/15/27 | 261799 |
| Aircastle Ltd. | Aircastle Ltd. | Aircastle Ltd. | Aircastle Ltd. |
| 15000 | 4.250 | 06/15/26 | 13968 |
| GE Capital Funding LLC | GE Capital Funding LLC | GE Capital Funding LLC | GE Capital Funding LLC |
| 300000 | 4.550 | 05/15/32 | 290518 |
| GE Capital International Funding Co. Unlimited | GE Capital International Funding Co. Unlimited | GE Capital International Funding Co. Unlimited | GE Capital International Funding Co. Unlimited |
| 200000 | 4.418 | 11/15/35 | 189120 |
| Lazard Group LLC | Lazard Group LLC | Lazard Group LLC | Lazard Group LLC |
| 110000 | 4.500 | 09/19/28 | 102707 |
|  |  |  | 858112 |
| **Food and Beverage – 0.8%** | **Food and Beverage – 0.8%** | **Food and Beverage – 0.8%** | **Food and Beverage – 0.8%** |
| Coca-Cola Co. (The) | Coca-Cola Co. (The) | Coca-Cola Co. (The) | Coca-Cola Co. (The) |
| 155000 | 1.750 | 09/06/24 | 148207 |
| 650000 | 3.000 | 03/05/51 | 489035 |
| Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. | Constellation Brands, Inc. |
| 40000 | 3.150 | 08/01/29 | 35584 |
| 730000 | 4.750 | 05/09/32 | 707181 |
| Hershey Co. (The) | Hershey Co. (The) | Hershey Co. (The) | Hershey Co. (The) |
| 40000 | 3.375 | 08/15/46 | 30653 |
| 100000 | 3.125 | 11/15/49 | 73232 |
| J M Smucker Co. (The) | J M Smucker Co. (The) | J M Smucker Co. (The) | J M Smucker Co. (The) |
| 40000 | 2.125 | 03/15/32 | 31460 |
| 15000 | 4.375 | 03/15/45 | 12365 |
| 100000 | 3.550 | 03/15/50 | 68984 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** | **Food and Beverage – (continued)** |
| Kellogg Co. | Kellogg Co. | Kellogg Co. | Kellogg Co. |
| 60000 | 2.650% | 12/01/23 | $58598 |
| 100000 | 4.500 | 04/01/46 | 87528 |
| Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. | Keurig Dr Pepper, Inc. |
| 39000 | 4.417 | 05/25/25 | 38851 |
| 100000 | 4.420 | 12/15/46 | 85345 |
| Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. | Kraft Heinz Foods Co. |
| 159000 | 3.000 | 06/01/26 | 150065 |
| 40000 | 3.875 | 05/15/27 | 38559 |
| 80000 | 3.750 | 04/01/30 | 74228 |
| 22000 | 5.000 | 07/15/35 | 21538 |
| 300000 | 5.200 | 07/15/45 | 284263 |
| 110000 | 4.375 | 06/01/46 | 93077 |
| 40000 | 4.875 | 10/01/49 | 36057 |
| Molson Coors Beverage Co. | Molson Coors Beverage Co. | Molson Coors Beverage Co. | Molson Coors Beverage Co. |
| 120000 | 4.200 | 07/15/46 | 96867 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| 300000 | 0.400 | 10/07/23 | 288860 |
| 40000 | 3.500 | 07/17/25 | 39111 |
| 146000 | 2.750 | 03/19/30 | 130007 |
| Sysco Corp. | Sysco Corp. | Sysco Corp. | Sysco Corp. |
| 80000 | 2.400 | 02/15/30 | 67304 |
| Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. | Tyson Foods, Inc. |
| 40000 | 3.550 | 06/02/27 | 37795 |
|  |  |  | 3224754 |
| **Hardware – 0.1%** | **Hardware – 0.1%** | **Hardware – 0.1%** | **Hardware – 0.1%** |
| Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. | Micron Technology, Inc. |
| 400000 | 3.366 | 11/01/41 | 280756 |
| Xilinx, Inc. | Xilinx, Inc. | Xilinx, Inc. | Xilinx, Inc. |
| 40000 | 2.950 | 06/01/24 | 38786 |
|  |  |  | 319542 |
| **Healthcare – 0.9%** | **Healthcare – 0.9%** | **Healthcare – 0.9%** | **Healthcare – 0.9%** |
| Aetna, Inc. | Aetna, Inc. | Aetna, Inc. | Aetna, Inc. |
| 40000 | 4.750 | 03/15/44 | 35238 |
| Cigna Corp. | Cigna Corp. | Cigna Corp. | Cigna Corp. |
| 400000 | 4.375 | 10/15/28 | 390541 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| 200000 | 3.250 | 08/15/29 | 181460 |
| 76000 | 1.750 | 08/21/30 | 60920 |
| 280000 | 4.780 | 03/25/38 | 258308 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** | **Healthcare – (continued)** |
| CVS Health Corp. – (continued) | CVS Health Corp. – (continued) | CVS Health Corp. – (continued) | CVS Health Corp. – (continued) |
| 70000 | 5.050% | 03/25/48 | $64806 |
| 100000 | 4.250 | 04/01/50 | 82627 |
| Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. | Elevance Health, Inc. |
| 150000 | 2.550 | 03/15/31 | 126831 |
| 15000 | 4.650 | 08/15/44 | 13543 |
| 40000 | 4.850 | 08/15/54 | 34909 |
| Evernorth Health, Inc. | Evernorth Health, Inc. | Evernorth Health, Inc. | Evernorth Health, Inc. |
| 120000 | 4.500 | 02/25/26 | 119097 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| 80000 | 5.375 | 02/01/25 | 79540 |
| 40000 | 5.250 | 04/15/25 | 39888 |
| 70000 | 5.875 | 02/15/26 | 70427 |
| 46000 | 5.250 | 06/15/26 | 45455 |
| 90000 | 5.375 | 09/01/26 | 89262 |
| 40000 | 4.500 | 02/15/27 | 38225 |
| 25000 | 5.625 | 09/01/28 | 24785 |
| 785000 | 5.875 | 02/01/29 | 789514 |
| 75000 | 4.125 | 06/15/29 | 68437 |
| 40000 | 5.500 | 06/15/47 | 36300 |
| Humana, Inc. | Humana, Inc. | Humana, Inc. | Humana, Inc. |
| 100000 | 2.150 | 02/03/32 | 79311 |
| McKesson Corp. | McKesson Corp. | McKesson Corp. | McKesson Corp. |
| 200000 | 3.950 | 02/16/28 | 190046 |
| Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. | Quest Diagnostics, Inc. |
| 100000 | 2.800 | 06/30/31 | 84291 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 250000 | 4.625 | 07/15/35 | 243188 |
| 250000 | 4.750 | 07/15/45 | 238201 |
| 450000 | 3.750 | 10/15/47 | 366186 |
| 25000 | 2.900 | 05/15/50 | 17406 |
|  |  |  | 3868742 |
| **Insurance – 0.7%** | **Insurance – 0.7%** | **Insurance – 0.7%** | **Insurance – 0.7%** |
| American International Group, Inc. | American International Group, Inc. | American International Group, Inc. | American International Group, Inc. |
| 50000 | 3.900 | 04/01/26 | 48602 |
| AON Global Ltd. | AON Global Ltd. | AON Global Ltd. | AON Global Ltd. |
| 100000 | 4.600 | 06/14/44 | 85600 |
| Arch Capital Group Ltd. | Arch Capital Group Ltd. | Arch Capital Group Ltd. | Arch Capital Group Ltd. |
| 90000 | 3.635 | 06/30/50 | 63221 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** |
| Arch Capital Group US, Inc. | Arch Capital Group US, Inc. | Arch Capital Group US, Inc. | Arch Capital Group US, Inc. |
| 40000 | 5.144% | 11/01/43 | $36330 |
| Assurant, Inc. | Assurant, Inc. | Assurant, Inc. | Assurant, Inc. |
| 100000 | 2.650 | 01/15/32 | 76129 |
| AXIS Specialty Finance LLC | AXIS Specialty Finance LLC | AXIS Specialty Finance LLC | AXIS Specialty Finance LLC |
| 40000 | 3.900 | 07/15/29 | 35967 |
| Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. | Berkshire Hathaway Finance Corp. |
| 150000 | 4.250 | 01/15/49 | 133964 |
| Berkshire Hathaway, Inc. | Berkshire Hathaway, Inc. | Berkshire Hathaway, Inc. | Berkshire Hathaway, Inc. |
| 350000 | 3.125 | 03/15/26 | 336800 |
| Brighthouse Financial, Inc. | Brighthouse Financial, Inc. | Brighthouse Financial, Inc. | Brighthouse Financial, Inc. |
| 40000 | 5.625 | 05/15/30 | 38905 |
| Chubb INA Holdings, Inc. | Chubb INA Holdings, Inc. | Chubb INA Holdings, Inc. | Chubb INA Holdings, Inc. |
| 150000 | 3.350 | 05/03/26 | 145146 |
| 100000 | 1.375 | 09/15/30 | 78878 |
| CNO Financial Group, Inc. | CNO Financial Group, Inc. | CNO Financial Group, Inc. | CNO Financial Group, Inc. |
| 200000 | 5.250 | 05/30/29 | 187000 |
| Fidelity National Financial, Inc. | Fidelity National Financial, Inc. | Fidelity National Financial, Inc. | Fidelity National Financial, Inc. |
| 230000 | 3.400 | 06/15/30 | 194111 |
| Hartford Financial Services Group, Inc. (The) | Hartford Financial Services Group, Inc. (The) | Hartford Financial Services Group, Inc. (The) | Hartford Financial Services Group, Inc. (The) |
| 30000 | 3.600 | 08/19/49 | 22277 |
| Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. | Marsh & McLennan Cos., Inc. |
| 80000 | 3.500 | 06/03/24 | 78114 |
| 100000 | 2.375 | 12/15/31 | 81462 |
| 100000 | 4.350 | 01/30/47 | 85066 |
| MetLife, Inc. | MetLife, Inc. | MetLife, Inc. | MetLife, Inc. |
| 15000 | 4.125 | 08/13/42 | 12884 |
| 80000 | 4.600 | 05/13/46 | 74914 |
| PartnerRe Finance B LLC | PartnerRe Finance B LLC | PartnerRe Finance B LLC | PartnerRe Finance B LLC |
| 150000 | 3.700 | 07/02/29 | 136092 |
| (US 5 Year CMT T-Note + 3.815%) | (US 5 Year CMT T-Note + 3.815%) | (US 5 Year CMT T-Note + 3.815%) | (US 5 Year CMT T-Note + 3.815%) |
| 300000 | 4.500 <sup>(b)</sup> | 10/01/50 | 249930 |
| Prudential Financial, Inc. | Prudential Financial, Inc. | Prudential Financial, Inc. | Prudential Financial, Inc. |
| 40000 | 3.935 | 12/07/49 | 31820 |
| Prudential Financial, Inc., MTN | Prudential Financial, Inc., MTN | Prudential Financial, Inc., MTN | Prudential Financial, Inc., MTN |
| 15000 | 6.625 | 06/21/40 | 16550 |
| 15000 | 4.350 | 02/25/50 | 13005 |
| 60000 | 3.700 | 03/13/51 | 46553 |
| Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. |
| 430000 | 3.900 | 05/15/29 | 395350 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** |
| Travelers Cos., Inc. (The) | Travelers Cos., Inc. (The) | Travelers Cos., Inc. (The) | Travelers Cos., Inc. (The) |
| 150000 | 3.750% | 05/15/46 | $119744 |
| Voya Financial, Inc.<sup>(b)</sup> | Voya Financial, Inc.<sup>(b)</sup> | Voya Financial, Inc.<sup>(b)</sup> | Voya Financial, Inc.<sup>(b)</sup> |
| (3M USD LIBOR + 2.084%) | (3M USD LIBOR + 2.084%) | (3M USD LIBOR + 2.084%) | (3M USD LIBOR + 2.084%) |
| 40000 | 4.700 | 01/23/48 | 30105 |
| W R Berkley Corp. | W R Berkley Corp. | W R Berkley Corp. | W R Berkley Corp. |
| 40000 | 4.750 | 08/01/44 | 35259 |
| Willis North America, Inc. | Willis North America, Inc. | Willis North America, Inc. | Willis North America, Inc. |
| 200000 | 5.050 | 09/15/48 | 170263 |
|  |  |  | 3060041 |
| **Metals – 0.2%** | **Metals – 0.2%** | **Metals – 0.2%** | **Metals – 0.2%** |
| Nucor Corp. | Nucor Corp. | Nucor Corp. | Nucor Corp. |
| 500000 | 3.950 | 05/23/25 | 489457 |
| Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. | Steel Dynamics, Inc. |
| 80000 | 3.450 | 04/15/30 | 70700 |
| 145000 | 3.250 | 01/15/31 | 123975 |
|  |  |  | 684132 |
| **REITs and Real Estate – 0.7%** | **REITs and Real Estate – 0.7%** | **REITs and Real Estate – 0.7%** | **REITs and Real Estate – 0.7%** |
| Alexandria Real Estate Equities, Inc. | Alexandria Real Estate Equities, Inc. | Alexandria Real Estate Equities, Inc. | Alexandria Real Estate Equities, Inc. |
| 100000 | 3.375 | 08/15/31 | 86759 |
| CBRE Services, Inc. | CBRE Services, Inc. | CBRE Services, Inc. | CBRE Services, Inc. |
| 129000 | 2.500 | 04/01/31 | 100394 |
| Corporate Office Properties LP | Corporate Office Properties LP | Corporate Office Properties LP | Corporate Office Properties LP |
| 490000 | 2.750 | 04/15/31 | 368513 |
| Digital Realty Trust LP | Digital Realty Trust LP | Digital Realty Trust LP | Digital Realty Trust LP |
| 40000 | 3.700 | 08/15/27 | 37333 |
| Equinix, Inc. | Equinix, Inc. | Equinix, Inc. | Equinix, Inc. |
| 95000 | 3.000 | 07/15/50 | 61752 |
| GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. |
| 50000 | 3.350 | 09/01/24 | 47577 |
| 90000 | 5.250 | 06/01/25 | 88186 |
| 40000 | 5.750 | 06/01/28 | 38213 |
| 255000 | 4.000 | 01/15/30 | 222072 |
| 72000 | 4.000 | 01/15/31 | 61560 |
| Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP |
| 410000 | 2.000 | 03/15/31 | 313338 |
| Life Storage LP | Life Storage LP | Life Storage LP | Life Storage LP |
| 140000 | 2.400 | 10/15/31 | 107778 |
| Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP |
| 100000 | 2.875 | 09/15/51 | 64542 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **REITs and Real Estate – (continued)** | **REITs and Real Estate – (continued)** | **REITs and Real Estate – (continued)** | **REITs and Real Estate – (continued)** |
| Prologis LP | Prologis LP | Prologis LP | Prologis LP |
| 80000 | 4.000% | 09/15/28 | $76312 |
| 200000 | 2.250 | 04/15/30 | 166998 |
| 40000 | 1.250 | 10/15/30 | 30481 |
| 120000 | 2.125 | 10/15/50 | 69378 |
| Public Storage | Public Storage | Public Storage | Public Storage |
| 60000 | 3.094 | 09/15/27 | 56234 |
| Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. |
| 200000 | 5.625 | 10/13/32 | 205971 |
| Sabra Health Care LP | Sabra Health Care LP | Sabra Health Care LP | Sabra Health Care LP |
| 85000 | 5.125 | 08/15/26 | 80688 |
| 100000 | 3.200 | 12/01/31 | 75569 |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| 100000 | 3.750 | 02/01/24 | 98310 |
| 200000 | 2.450 | 09/13/29 | 168434 |
| 100000 | 2.200 | 02/01/31 | 79333 |
| 10000 | 6.750 | 02/01/40 | 10724 |
| UDR, Inc., MTN | UDR, Inc., MTN | UDR, Inc., MTN | UDR, Inc., MTN |
| 100000 | 1.900 | 03/15/33 | 71370 |
| Welltower, Inc. | Welltower, Inc. | Welltower, Inc. | Welltower, Inc. |
| 200000 | 4.000 | 06/01/25 | 195073 |
| 200000 | 4.250 | 04/15/28 | 189249 |
|  |  |  | 3172141 |
| **Revenue – 0.1%** | **Revenue – 0.1%** | **Revenue – 0.1%** | **Revenue – 0.1%** |
| California Institute of Technology | California Institute of Technology | California Institute of Technology | California Institute of Technology |
| 15000 | 3.650 | 09/01/19 | 9991 |
| Hackensack Meridian Health, Inc., Series 2020 | Hackensack Meridian Health, Inc., Series 2020 | Hackensack Meridian Health, Inc., Series 2020 | Hackensack Meridian Health, Inc., Series 2020 |
| 15000 | 2.675 | 09/01/41 | 10309 |
| Stanford Health Care | Stanford Health Care | Stanford Health Care | Stanford Health Care |
| 100000 | 3.027 | 08/15/51 | 68606 |
| University of Chicago (The), Series 20B | University of Chicago (The), Series 20B | University of Chicago (The), Series 20B | University of Chicago (The), Series 20B |
| 40000 | 2.761 | 04/01/45 | 30732 |
| Yale University, Series 2020 | Yale University, Series 2020 | Yale University, Series 2020 | Yale University, Series 2020 |
| 190000 | 1.482 | 04/15/30 | 153959 |
| 80000 | 2.402 | 04/15/50 | 51905 |
|  |  |  | 325502 |
| **Technology – 1.5%** | **Technology – 1.5%** | **Technology – 1.5%** | **Technology – 1.5%** |
| Adobe, Inc. | Adobe, Inc. | Adobe, Inc. | Adobe, Inc. |
| 40000 | 2.300 | 02/01/30 | 34456 |
| Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. | Alphabet, Inc. |
| 15000 | 1.998 | 08/15/26 | 13979 |
| 100000 | 2.250 | 08/15/60 | 60447 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
| Apple, Inc. | Apple, Inc. | Apple, Inc. | Apple, Inc. |
| 90000 | 3.450% | 05/06/24 | $88596 |
| 400000 | 1.800 | 09/11/24 | 381332 |
| 40000 | 2.500 | 02/09/25 | 38395 |
| 50000 | 3.200 | 05/13/25 | 48640 |
| 40000 | 2.450 | 08/04/26 | 37531 |
| 15000 | 3.350 | 02/09/27 | 14514 |
| 15000 | 3.200 | 05/11/27 | 14446 |
| 60000 | 2.900 | 09/12/27 | 56532 |
| 40000 | 1.650 | 02/08/31 | 32686 |
| 160000 | 4.500 | 02/23/36 | 160610 |
| 80000 | 3.850 | 05/04/43 | 71421 |
| 80000 | 4.450 | 05/06/44 | 77934 |
| 300000 | 4.650 | 02/23/46 | 293206 |
| 50000 | 3.750 | 11/13/47 | 42944 |
| 300000 | 2.650 | 02/08/51 | 206483 |
| 160000 | 2.550 | 08/20/60 | 102258 |
| Applied Materials, Inc. | Applied Materials, Inc. | Applied Materials, Inc. | Applied Materials, Inc. |
| 125000 | 3.900 | 10/01/25 | 122986 |
| 256000 | 3.300 | 04/01/27 | 245924 |
| Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. | Broadcom Corp. / Broadcom Cayman Finance Ltd. |
| 160000 | 3.625 | 01/15/24 | 156733 |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 300000 | 4.110 | 09/15/28 | 280482 |
| 90000 | 3.469 <sup>(d)</sup> | 04/15/34 | 71527 |
| 60000 | 3.187 <sup>(d)</sup> | 11/15/36 | 43719 |
| 160000 | 3.500 <sup>(d)</sup> | 02/15/41 | 115685 |
| Corning, Inc. | Corning, Inc. | Corning, Inc. | Corning, Inc. |
| 125000 | 5.350 | 11/15/48 | 117828 |
| 45000 | 4.375 | 11/15/57 | 36274 |
| Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. | Fiserv, Inc. |
| 250000 | 4.400 | 07/01/49 | 206438 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| 100000 | 6.350 | 10/15/45 | 103213 |
| HP, Inc. | HP, Inc. | HP, Inc. | HP, Inc. |
| 15000 | 6.000 | 09/15/41 | 14676 |
| International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. | International Business Machines Corp. |
| 15000 | 5.875 | 11/29/32 | 16171 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
| International Business Machines Corp. – (continued) | International Business Machines Corp. – (continued) | International Business Machines Corp. – (continued) | International Business Machines Corp. – (continued) |
| 150000 | 4.150% | 05/15/39 | $131485 |
| 250000 | 4.000 | 06/20/42 | 209680 |
| Jabil, Inc. | Jabil, Inc. | Jabil, Inc. | Jabil, Inc. |
| 80000 | 3.600 | 01/15/30 | 71185 |
| KLA Corp. | KLA Corp. | KLA Corp. | KLA Corp. |
| 60000 | 3.300 | 03/01/50 | 45091 |
| Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. | Kyndryl Holdings, Inc. |
| 341000 | 2.700 | 10/15/28 | 255876 |
| 100000 | 3.150 | 10/15/31 | 68793 |
| 100000 | 4.100 | 10/15/41 | 59588 |
| Lam Research Corp. | Lam Research Corp. | Lam Research Corp. | Lam Research Corp. |
| 40000 | 3.125 | 06/15/60 | 27076 |
| Leidos, Inc. | Leidos, Inc. | Leidos, Inc. | Leidos, Inc. |
| 100000 | 4.375 | 05/15/30 | 91375 |
| Microsoft Corp. | Microsoft Corp. | Microsoft Corp. | Microsoft Corp. |
| 100000 | 2.875 | 02/06/24 | 98125 |
| 65000 | 3.300 | 02/06/27 | 63032 |
| 15000 | 3.500 | 02/12/35 | 13899 |
| 290000 | 4.200 | 11/03/35 | 286678 |
| 220000 | 4.250 | 02/06/47 | 210257 |
| 200000 | 4.000 | 02/12/55 | 182622 |
| 20000 | 2.675 | 06/01/60 | 13502 |
| Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. | Motorola Solutions, Inc. |
| 720000 | 2.750 | 05/24/31 | 581356 |
| QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. | QUALCOMM, Inc. |
| 250000 | 4.300 | 05/20/47 | 221033 |
| VeriSign, Inc. | VeriSign, Inc. | VeriSign, Inc. | VeriSign, Inc. |
| 350000 | 2.700 | 06/15/31 | 284375 |
| Western Digital Corp. | Western Digital Corp. | Western Digital Corp. | Western Digital Corp. |
| 50000 | 4.750 | 02/15/26 | 47375 |
|  |  |  | 6270469 |
| **Transportation – 0.3%** | **Transportation – 0.3%** | **Transportation – 0.3%** | **Transportation – 0.3%** |
| Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC | Burlington Northern Santa Fe LLC |
| 100000 | 4.150 | 12/15/48 | 86940 |
| 200000 | 4.450 | 01/15/53 | 183619 |
| CSX Corp. | CSX Corp. | CSX Corp. | CSX Corp. |
| 250000 | 4.100 | 11/15/32 | 238154 |
| 100000 | 4.500 | 11/15/52 | 89510 |
| FedEx Corp. | FedEx Corp. | FedEx Corp. | FedEx Corp. |
| 40000 | 3.900 | 02/01/35 | 33907 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Transportation – (continued)** | **Transportation – (continued)** | **Transportation – (continued)** | **Transportation – (continued)** |
| FedEx Corp. – (continued) | FedEx Corp. – (continued) | FedEx Corp. – (continued) | FedEx Corp. – (continued) |
| 40000 | 4.400% | 01/15/47 | $32274 |
| 40000 | 4.950 | 10/17/48 | 35142 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. | Norfolk Southern Corp. |
| 120000 | 3.050 | 05/15/50 | 82814 |
| Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. | Southwest Airlines Co. |
| 40000 | 5.250 | 05/04/25 | 40203 |
| Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. | Union Pacific Corp. |
| 40000 | 3.700 | 03/01/29 | 38165 |
| 70000 | 4.050 | 03/01/46 | 59157 |
| 10000 | 4.500 | 09/10/48 | 9011 |
| 80000 | 3.799 | 10/01/51 | 65425 |
| 60000 | 3.839 | 03/20/60 | 47195 |
| 15000 | 3.750 | 02/05/70 | 11237 |
| Union Pacific Railroad Co. Pass-Through Trust, Series 2015-1 | Union Pacific Railroad Co. Pass-Through Trust, Series 2015-1 | Union Pacific Railroad Co. Pass-Through Trust, Series 2015-1 | Union Pacific Railroad Co. Pass-Through Trust, Series 2015-1 |
| 75966 | 2.695 | 05/12/27 | 69352 |
| United Parcel Service, Inc. | United Parcel Service, Inc. | United Parcel Service, Inc. | United Parcel Service, Inc. |
| 40000 | 3.625 | 10/01/42 | 33451 |
| 15000 | 4.250 | 03/15/49 | 13581 |
| 15000 | 5.300 | 04/01/50 | 15938 |
|  |  |  | 1185075 |
| **Water – 0.0%** | **Water – 0.0%** | **Water – 0.0%** | **Water – 0.0%** |
| American Water Capital Corp. | American Water Capital Corp. | American Water Capital Corp. | American Water Capital Corp. |
| 105000 | 3.750 | 09/01/47 | 82679 |
| 40000 | 4.200 | 09/01/48 | 33543 |
| Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. | Essential Utilities, Inc. |
| 100000 | 3.351 | 04/15/50 | 68344 |
|  |  |  | 184566 |
| **Wireless – 0.7%** | **Wireless – 0.7%** | **Wireless – 0.7%** | **Wireless – 0.7%** |
| American Tower Corp. | American Tower Corp. | American Tower Corp. | American Tower Corp. |
| 200000 | 3.375 | 10/15/26 | 186589 |
| 40000 | 3.950 | 03/15/29 | 37159 |
| 100000 | 3.700 | 10/15/49 | 73491 |
| 20000 | 3.100 | 06/15/50 | 13309 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 50000 | 0.900 | 03/25/24 | 47458 |
| 320000 | 2.750 | 06/01/31 | 267325 |
| 500000 | 2.250 | 02/01/32 | 396067 |
| 250000 | 4.500 | 05/15/35 | 228756 |
| 400000 | 3.500 | 06/01/41 | 306851 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** |
| AT&T, Inc. – (continued) | AT&T, Inc. – (continued) | AT&T, Inc. – (continued) | AT&T, Inc. – (continued) |
| 140000 | 3.650% | 06/01/51 | $102757 |
| 300000 | 3.500 | 09/15/53 | 212311 |
| 310000 | 3.550 | 09/15/55 | 217041 |
| Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. | Crown Castle, Inc. |
| 40000 | 3.300 | 07/01/30 | 35467 |
| 140000 | 4.150 | 07/01/50 | 112085 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| 400000 | 3.750 | 04/15/27 | 378930 |
| 400000 | 4.500 | 04/15/50 | 336783 |
|  |  |  | 2952379 |
| **TOTAL CORPORATE OBLIGATIONS<br>(Cost $97,621,696)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $97,621,696)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $97,621,696)** | $86003983 |
| **U.S. Treasury Bonds – 7.2%<sup>(e)</sup>** | **U.S. Treasury Bonds – 7.2%<sup>(e)</sup>** | **U.S. Treasury Bonds – 7.2%<sup>(e)</sup>** | **U.S. Treasury Bonds – 7.2%<sup>(e)</sup>** |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| 6220000 | 4.375% | 02/15/38 | $6677466 |
| 8003000 | 3.875 | 08/15/40 | 7984396 |
| 11965000 | 2.500 | 02/15/45 | 9229738 |
| 5754000 | 2.500 | 05/15/46 | 4400992 |
| 3800000 | 2.250 | 02/15/52 | 2744200 |
| **TOTAL U.S. TREASURY BONDS<br>(Cost $38,914,243)** | **TOTAL U.S. TREASURY BONDS<br>(Cost $38,914,243)** | **TOTAL U.S. TREASURY BONDS<br>(Cost $38,914,243)** | $31036792 |
| **Foreign Corporate Debt – 5.1%** | **Foreign Corporate Debt – 5.1%** | **Foreign Corporate Debt – 5.1%** | **Foreign Corporate Debt – 5.1%** |
| **Banks – 1.9%** | **Banks – 1.9%** | **Banks – 1.9%** | **Banks – 1.9%** |
| Banco Bilbao Vizcaya Argentaria SA (Spain) | Banco Bilbao Vizcaya Argentaria SA (Spain) | Banco Bilbao Vizcaya Argentaria SA (Spain) | Banco Bilbao Vizcaya Argentaria SA (Spain) |
| 200000 | 0.875% | 09/18/23 | $193113 |
| 200000 | 1.125 | 09/18/25 | 178826 |
| Banco Santander SA (Spain) | Banco Santander SA (Spain) | Banco Santander SA (Spain) | Banco Santander SA (Spain) |
| 800000 | 3.892 | 05/24/24 | 782211 |
| 200000 | 1.849 | 03/25/26 | 176109 |
| 200000 | 3.800 | 02/23/28 | 181921 |
| Bank of Montreal<sup>(b)</sup> (Canada) | Bank of Montreal<sup>(b)</sup> (Canada) | Bank of Montreal<sup>(b)</sup> (Canada) | Bank of Montreal<sup>(b)</sup> (Canada) |
| (5 Year USD Swap + 1.432%) | (5 Year USD Swap + 1.432%) | (5 Year USD Swap + 1.432%) | (5 Year USD Swap + 1.432%) |
| 110000 | 3.803 | 12/15/32 | 97637 |
| Bank of Montreal, MTN (Canada) | Bank of Montreal, MTN (Canada) | Bank of Montreal, MTN (Canada) | Bank of Montreal, MTN (Canada) |
| 200000 | 2.500 | 06/28/24 | 192428 |
| Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) | Bank of Nova Scotia (The) (Canada) |
| 200000 | 3.400 | 02/11/24 | 196267 |
| Barclays PLC (United Kingdom) | Barclays PLC (United Kingdom) | Barclays PLC (United Kingdom) | Barclays PLC (United Kingdom) |
| 200000 | 4.375 | 09/11/24 | 194782 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Barclays PLC (United Kingdom) – (continued) | Barclays PLC (United Kingdom) – (continued) | Barclays PLC (United Kingdom) – (continued) | Barclays PLC (United Kingdom) – (continued) |
| 200000 | 5.200% | 05/12/26 | $192974 |
| Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) | Canadian Imperial Bank of Commerce (Canada) |
| 130000 | 3.500 | 09/13/23 | 128456 |
| Credit Suisse Group AG (Switzerland) | Credit Suisse Group AG (Switzerland) | Credit Suisse Group AG (Switzerland) | Credit Suisse Group AG (Switzerland) |
| 400000 | 3.750 | 03/26/25 | 357674 |
| Deutsche Bank AG<sup>(b)</sup> (Germany) | Deutsche Bank AG<sup>(b)</sup> (Germany) | Deutsche Bank AG<sup>(b)</sup> (Germany) | Deutsche Bank AG<sup>(b)</sup> (Germany) |
| (SOFR + 2.159%) | (SOFR + 2.159%) | (SOFR + 2.159%) | (SOFR + 2.159%) |
| 200000 | 2.222 | 09/18/24 | 191627 |
| Export-Import Bank of Korea (South Korea) | Export-Import Bank of Korea (South Korea) | Export-Import Bank of Korea (South Korea) | Export-Import Bank of Korea (South Korea) |
| 400000 | 2.625 | 05/26/26 | 373651 |
| HSBC Holdings PLC (United Kingdom) | HSBC Holdings PLC (United Kingdom) | HSBC Holdings PLC (United Kingdom) | HSBC Holdings PLC (United Kingdom) |
| (3M USD LIBOR + 1.211%) | (3M USD LIBOR + 1.211%) | (3M USD LIBOR + 1.211%) | (3M USD LIBOR + 1.211%) |
| 350000 | 3.803 <sup>(b)</sup> | 03/11/25 | 338814 |
| 200000 | 4.300 | 03/08/26 | 194403 |
| (3M USD LIBOR + 1.348%) | (3M USD LIBOR + 1.348%) | (3M USD LIBOR + 1.348%) | (3M USD LIBOR + 1.348%) |
| 400000 | 4.292 <sup>(b)</sup> | 09/12/26 | 379921 |
| 200000 | 6.500 | 09/15/37 | 189277 |
| ING Groep NV (Netherlands) | ING Groep NV (Netherlands) | ING Groep NV (Netherlands) | ING Groep NV (Netherlands) |
| 354000 | 4.550 | 10/02/28 | 336153 |
| Korea Development Bank (The) (South Korea) | Korea Development Bank (The) (South Korea) | Korea Development Bank (The) (South Korea) | Korea Development Bank (The) (South Korea) |
| 300000 | 0.800 | 07/19/26 | 262214 |
| Landwirtschaftliche Rentenbank (Germany) | Landwirtschaftliche Rentenbank (Germany) | Landwirtschaftliche Rentenbank (Germany) | Landwirtschaftliche Rentenbank (Germany) |
| 15000 | 3.125 | 11/14/23 | 14773 |
| 100000 | 0.875 | 03/30/26 | 89752 |
| Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) |
| 300000 | 4.375 | 03/22/28 | 282154 |
| Mizuho Financial Group, Inc. (Japan) | Mizuho Financial Group, Inc. (Japan) | Mizuho Financial Group, Inc. (Japan) | Mizuho Financial Group, Inc. (Japan) |
| (US 1 Year CMT T-Note + 0.750%) | (US 1 Year CMT T-Note + 0.750%) | (US 1 Year CMT T-Note + 0.750%) | (US 1 Year CMT T-Note + 0.750%) |
| 200000 | 1.554 <sup>(b)</sup> | 07/09/27 | 174299 |
| 400000 | 3.170 | 09/11/27 | 362263 |
| NatWest Group PLC<sup>(b)</sup> (United Kingdom) | NatWest Group PLC<sup>(b)</sup> (United Kingdom) | NatWest Group PLC<sup>(b)</sup> (United Kingdom) | NatWest Group PLC<sup>(b)</sup> (United Kingdom) |
| (US 5 Year CMT T-Note + 2.350%) | (US 5 Year CMT T-Note + 2.350%) | (US 5 Year CMT T-Note + 2.350%) | (US 5 Year CMT T-Note + 2.350%) |
| 300000 | 3.032 | 11/28/35 | 220379 |
| Royal Bank of Canada (Canada) | Royal Bank of Canada (Canada) | Royal Bank of Canada (Canada) | Royal Bank of Canada (Canada) |
| 300000 | 3.875 | 05/04/32 | 274490 |
| Santander UK Group Holdings PLC<sup>(b)</sup> (United Kingdom) | Santander UK Group Holdings PLC<sup>(b)</sup> (United Kingdom) | Santander UK Group Holdings PLC<sup>(b)</sup> (United Kingdom) | Santander UK Group Holdings PLC<sup>(b)</sup> (United Kingdom) |
| (SOFR + 1.475%) | (SOFR + 1.475%) | (SOFR + 1.475%) | (SOFR + 1.475%) |
| 340000 | 2.896 | 03/15/32 | 261901 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Sumitomo Mitsui Financial Group, Inc. (Japan) | Sumitomo Mitsui Financial Group, Inc. (Japan) | Sumitomo Mitsui Financial Group, Inc. (Japan) | Sumitomo Mitsui Financial Group, Inc. (Japan) |
| 400000 | 3.364% | 07/12/27 | $371090 |
| 400000 | 2.930 | 09/17/41 | 270877 |
| Svensk Exportkredit AB, GMTN (Sweden) | Svensk Exportkredit AB, GMTN (Sweden) | Svensk Exportkredit AB, GMTN (Sweden) | Svensk Exportkredit AB, GMTN (Sweden) |
| 200000 | 0.625 | 05/14/25 | 182573 |
| Toronto-Dominion Bank (The)<sup>(b)</sup> (Canada) | Toronto-Dominion Bank (The)<sup>(b)</sup> (Canada) | Toronto-Dominion Bank (The)<sup>(b)</sup> (Canada) | Toronto-Dominion Bank (The)<sup>(b)</sup> (Canada) |
| (5 Year USD Swap + 2.205%) | (5 Year USD Swap + 2.205%) | (5 Year USD Swap + 2.205%) | (5 Year USD Swap + 2.205%) |
| 375000 | 3.625 | 09/15/31 | 345234 |
| Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) |
| 200000 | 2.850 | 05/13/26 | 188866 |
| 75000 | 3.350 | 03/08/27 | 71306 |
| 40000 | 2.150 | 06/03/31 | 32997 |
| (US 5 Year CMT T-Note + 2.000%) | (US 5 Year CMT T-Note + 2.000%) | (US 5 Year CMT T-Note + 2.000%) | (US 5 Year CMT T-Note + 2.000%) |
| 10000 | 4.110 <sup>(b)</sup> | 07/24/34 | 8588 |
| (US 5 Year CMT T-Note + 1.530%) | (US 5 Year CMT T-Note + 1.530%) | (US 5 Year CMT T-Note + 1.530%) | (US 5 Year CMT T-Note + 1.530%) |
| 100000 | 3.020 <sup>(b)</sup> | 11/18/36 | 73787 |
|  |  |  | 8363787 |
| **Basic Industry – 0.0%** | **Basic Industry – 0.0%** | **Basic Industry – 0.0%** | **Basic Industry – 0.0%** |
| Nutrien Ltd. (Canada) | Nutrien Ltd. (Canada) | Nutrien Ltd. (Canada) | Nutrien Ltd. (Canada) |
| 100000 | 2.950 | 05/13/30 | 85932 |
| **Brokerage – 0.0%** | **Brokerage – 0.0%** | **Brokerage – 0.0%** | **Brokerage – 0.0%** |
| Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) | Brookfield Finance, Inc. (Canada) |
| 50000 | 4.350 | 04/15/30 | 45927 |
| 15000 | 3.500 | 03/30/51 | 9890 |
|  |  |  | 55817 |
| **Capital Goods – 0.1%** | **Capital Goods – 0.1%** | **Capital Goods – 0.1%** | **Capital Goods – 0.1%** |
| ABB Finance USA, Inc. (Switzerland) | ABB Finance USA, Inc. (Switzerland) | ABB Finance USA, Inc. (Switzerland) | ABB Finance USA, Inc. (Switzerland) |
| 260000 | 4.375 | 05/08/42 | 226738 |
| Johnson Controls International PLC | Johnson Controls International PLC | Johnson Controls International PLC | Johnson Controls International PLC |
| 100000 | 4.500 | 02/15/47 | 82889 |
|  |  |  | 309627 |
| **Communications – 0.0%** | **Communications – 0.0%** | **Communications – 0.0%** | **Communications – 0.0%** |
| RELX Capital, Inc. (United Kingdom) | RELX Capital, Inc. (United Kingdom) | RELX Capital, Inc. (United Kingdom) | RELX Capital, Inc. (United Kingdom) |
| 100000 | 3.000 | 05/22/30 | 86541 |
| **Consumer Cyclical – 0.1%** | **Consumer Cyclical – 0.1%** | **Consumer Cyclical – 0.1%** | **Consumer Cyclical – 0.1%** |
| Honda Motor Co. Ltd. (Japan) | Honda Motor Co. Ltd. (Japan) | Honda Motor Co. Ltd. (Japan) | Honda Motor Co. Ltd. (Japan) |
| 400000 | 2.534 | 03/10/27 | 365102 |
| **Consumer Noncyclical – 0.5%** | **Consumer Noncyclical – 0.5%** | **Consumer Noncyclical – 0.5%** | **Consumer Noncyclical – 0.5%** |
| Ahold Finance USA LLC (Netherlands) | Ahold Finance USA LLC (Netherlands) | Ahold Finance USA LLC (Netherlands) | Ahold Finance USA LLC (Netherlands) |
| 360000 | 6.875 | 05/01/29 | 381722 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** | **Consumer Noncyclical – (continued)** |
| BAT Capital Corp. (United Kingdom) | BAT Capital Corp. (United Kingdom) | BAT Capital Corp. (United Kingdom) | BAT Capital Corp. (United Kingdom) |
| 400000 | 2.789% | 09/06/24 | $382425 |
| 100000 | 3.462 | 09/06/29 | 86077 |
| 80000 | 3.984 | 09/25/50 | 54298 |
| 140000 | 5.650 | 03/16/52 | 117846 |
| Bayer US Finance II LLC (Germany) | Bayer US Finance II LLC (Germany) | Bayer US Finance II LLC (Germany) | Bayer US Finance II LLC (Germany) |
| 100000 | 3.375 <sup>(d)</sup> | 07/15/24 | 96940 |
| 15000 | 4.200 <sup>(d)</sup> | 07/15/34 | 13246 |
| 170000 | 4.700 <sup>(d)</sup> | 07/15/64 | 133334 |
| GlaxoSmithKline Capital, Inc. (United Kingdom) | GlaxoSmithKline Capital, Inc. (United Kingdom) | GlaxoSmithKline Capital, Inc. (United Kingdom) | GlaxoSmithKline Capital, Inc. (United Kingdom) |
| 200000 | 6.375 | 05/15/38 | 229384 |
| Novartis Capital Corp. (Switzerland) | Novartis Capital Corp. (Switzerland) | Novartis Capital Corp. (Switzerland) | Novartis Capital Corp. (Switzerland) |
| 250000 | 2.000 | 02/14/27 | 229078 |
| 100000 | 2.200 | 08/14/30 | 86534 |
| Reynolds American, Inc. (United Kingdom) | Reynolds American, Inc. (United Kingdom) | Reynolds American, Inc. (United Kingdom) | Reynolds American, Inc. (United Kingdom) |
| 250000 | 5.850 | 08/15/45 | 219168 |
| Takeda Pharmaceutical Co., Ltd. (Japan) | Takeda Pharmaceutical Co., Ltd. (Japan) | Takeda Pharmaceutical Co., Ltd. (Japan) | Takeda Pharmaceutical Co., Ltd. (Japan) |
| 250000 | 2.050 | 03/31/30 | 206205 |
|  |  |  | 2236257 |
| **Energy – 0.7%** | **Energy – 0.7%** | **Energy – 0.7%** | **Energy – 0.7%** |
| BP Capital Markets PLC (United Kingdom) | BP Capital Markets PLC (United Kingdom) | BP Capital Markets PLC (United Kingdom) | BP Capital Markets PLC (United Kingdom) |
| 300000 | 3.279 | 09/19/27 | 282903 |
| Canadian Natural Resources Ltd. (Canada) | Canadian Natural Resources Ltd. (Canada) | Canadian Natural Resources Ltd. (Canada) | Canadian Natural Resources Ltd. (Canada) |
| 100000 | 6.250 | 03/15/38 | 102920 |
| Canadian Natural Resources Ltd., GMTN (Canada) | Canadian Natural Resources Ltd., GMTN (Canada) | Canadian Natural Resources Ltd., GMTN (Canada) | Canadian Natural Resources Ltd., GMTN (Canada) |
| 100000 | 4.950 | 06/01/47 | 90242 |
| Cenovus Energy, Inc. (Canada) | Cenovus Energy, Inc. (Canada) | Cenovus Energy, Inc. (Canada) | Cenovus Energy, Inc. (Canada) |
| 100000 | 2.650 | 01/15/32 | 80850 |
| 50000 | 5.250 | 06/15/37 | 46419 |
| Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) | Enbridge, Inc. (Canada) |
| 110000 | 3.125 | 11/15/29 | 97816 |
| 15000 | 5.500 | 12/01/46 | 14447 |
| (3M USD LIBOR + 3.641%) | (3M USD LIBOR + 3.641%) | (3M USD LIBOR + 3.641%) | (3M USD LIBOR + 3.641%) |
| 15000 | 6.250 <sup>(b)</sup> | 03/01/78 | 13575 |
| Equinor ASA (Norway) | Equinor ASA (Norway) | Equinor ASA (Norway) | Equinor ASA (Norway) |
| 100000 | 2.650 | 01/15/24 | 97637 |
| 140000 | 1.750 | 01/22/26 | 128580 |
| 40000 | 3.625 | 09/10/28 | 38227 |
| 300000 | 3.125 | 04/06/30 | 273031 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** | **Energy – (continued)** |
| Equinor ASA (Norway) – (continued) | Equinor ASA (Norway) – (continued) | Equinor ASA (Norway) – (continued) | Equinor ASA (Norway) – (continued) |
| 510000 | 3.700% | 04/06/50 | $419038 |
| Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) | Shell International Finance BV (Netherlands) |
| 25000 | 0.375 | 09/15/23 | 24091 |
| 40000 | 2.000 | 11/07/24 | 38201 |
| 55000 | 3.250 | 05/11/25 | 53496 |
| 75000 | 4.375 | 05/11/45 | 67546 |
| 462000 | 4.000 | 05/10/46 | 389881 |
| TotalEnergies Capital International SA (France) | TotalEnergies Capital International SA (France) | TotalEnergies Capital International SA (France) | TotalEnergies Capital International SA (France) |
| 250000 | 2.434 | 01/10/25 | 239372 |
| 200000 | 3.455 | 02/19/29 | 187985 |
| 100000 | 3.127 | 05/29/50 | 72844 |
| TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) |
| 300000 | 2.500 | 10/12/31 | 243093 |
|  |  |  | 3002194 |
| **Financial Company – 0.1%** | **Financial Company – 0.1%** | **Financial Company – 0.1%** | **Financial Company – 0.1%** |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland) |
| 500000 | 3.300 | 01/30/32 | 398057 |
| **Food and Beverage – 0.3%** | **Food and Beverage – 0.3%** | **Food and Beverage – 0.3%** | **Food and Beverage – 0.3%** |
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium) |
| 80000 | 4.900 | 02/01/46 | 75229 |
| Anheuser-Busch InBev Finance, Inc. (Belgium) | Anheuser-Busch InBev Finance, Inc. (Belgium) | Anheuser-Busch InBev Finance, Inc. (Belgium) | Anheuser-Busch InBev Finance, Inc. (Belgium) |
| 55000 | 4.700 | 02/01/36 | 52506 |
| 100000 | 4.900 | 02/01/46 | 94036 |
| Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch InBev Worldwide, Inc. (Belgium) | Anheuser-Busch InBev Worldwide, Inc. (Belgium) |
| 300000 | 3.500 | 06/01/30 | 277375 |
| 46000 | 4.375 | 04/15/38 | 42285 |
| 40000 | 4.600 | 04/15/48 | 36583 |
| 40000 | 5.550 | 01/23/49 | 41147 |
| 500000 | 4.500 | 06/01/50 | 453961 |
| 90000 | 4.750 | 04/15/58 | 82751 |
|  |  |  | 1155873 |
| **Forest Products & Paper – 0.0%** | **Forest Products & Paper – 0.0%** | **Forest Products & Paper – 0.0%** | **Forest Products & Paper – 0.0%** |
| Suzano Austria GmbH (Brazil) | Suzano Austria GmbH (Brazil) | Suzano Austria GmbH (Brazil) | Suzano Austria GmbH (Brazil) |
| 200000 | 5.000 | 01/15/30 | 186796 |
| **Insurance – 0.1%** | **Insurance – 0.1%** | **Insurance – 0.1%** | **Insurance – 0.1%** |
| Fairfax Financial Holdings Ltd. (Canada) | Fairfax Financial Holdings Ltd. (Canada) | Fairfax Financial Holdings Ltd. (Canada) | Fairfax Financial Holdings Ltd. (Canada) |
| 400000 | 3.375 | 03/03/31 | 328175 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Internet – 0.2%** | **Internet – 0.2%** | **Internet – 0.2%** | **Internet – 0.2%** |
| Alibaba Group Holding Ltd. (China) | Alibaba Group Holding Ltd. (China) | Alibaba Group Holding Ltd. (China) | Alibaba Group Holding Ltd. (China) |
| 400000 | 3.600% | 11/28/24 | $386137 |
| 240000 | 3.400 | 12/06/27 | 221090 |
| JD.com, Inc. (China) | JD.com, Inc. (China) | JD.com, Inc. (China) | JD.com, Inc. (China) |
| 200000 | 3.875 | 04/29/26 | 190579 |
|  |  |  | 797806 |
| **Metals – 0.0%** | **Metals – 0.0%** | **Metals – 0.0%** | **Metals – 0.0%** |
| ArcelorMittal SA (Luxembourg) | ArcelorMittal SA (Luxembourg) | ArcelorMittal SA (Luxembourg) | ArcelorMittal SA (Luxembourg) |
| 15000 | 4.550 | 03/11/26 | 14570 |
| 15000 | 4.250 | 07/16/29 | 13518 |
| 10000 | 7.000 | 10/15/39 | 10143 |
| 15000 | 6.750 | 03/01/41 | 14739 |
|  |  |  | 52970 |
| **Mining – 0.1%** | **Mining – 0.1%** | **Mining – 0.1%** | **Mining – 0.1%** |
| Southern Copper Corp. (Peru) | Southern Copper Corp. (Peru) | Southern Copper Corp. (Peru) | Southern Copper Corp. (Peru) |
| 55000 | 3.875 | 04/23/25 | 53831 |
| Teck Resources Ltd. (Canada) | Teck Resources Ltd. (Canada) | Teck Resources Ltd. (Canada) | Teck Resources Ltd. (Canada) |
| 40000 | 6.250 | 07/15/41 | 39372 |
| Vale Overseas Ltd. (Brazil) | Vale Overseas Ltd. (Brazil) | Vale Overseas Ltd. (Brazil) | Vale Overseas Ltd. (Brazil) |
| 230000 | 6.250 | 08/10/26 | 238050 |
| 115000 | 3.750 | 07/08/30 | 100750 |
|  |  |  | 432003 |
| **Oil Company-Exploration & Production – 0.0%** | **Oil Company-Exploration & Production – 0.0%** | **Oil Company-Exploration & Production – 0.0%** | **Oil Company-Exploration & Production – 0.0%** |
| CNOOC Finance 2013 Ltd. (China) | CNOOC Finance 2013 Ltd. (China) | CNOOC Finance 2013 Ltd. (China) | CNOOC Finance 2013 Ltd. (China) |
| 200000 | 3.000 | 05/09/23 | 198524 |
| **Oil Company-Integrated – 0.2%** | **Oil Company-Integrated – 0.2%** | **Oil Company-Integrated – 0.2%** | **Oil Company-Integrated – 0.2%** |
| Petroleos Mexicanos (Mexico) | Petroleos Mexicanos (Mexico) | Petroleos Mexicanos (Mexico) | Petroleos Mexicanos (Mexico) |
| 225000 | 6.875 | 08/04/26 | 213792 |
| 100000 | 5.350 | 02/12/28 | 83127 |
| 250000 | 5.950 | 01/28/31 | 186212 |
| Saudi Arabian Oil Co. (Saudi Arabia) | Saudi Arabian Oil Co. (Saudi Arabia) | Saudi Arabian Oil Co. (Saudi Arabia) | Saudi Arabian Oil Co. (Saudi Arabia) |
| 200000 | 2.875 <sup>(d)</sup> | 04/16/24 | 194370 |
| 300000 | 2.250 <sup>(d)</sup> | 11/24/30 | 251116 |
|  |  |  | 928617 |
| **Pharmaceuticals – 0.1%** | **Pharmaceuticals – 0.1%** | **Pharmaceuticals – 0.1%** | **Pharmaceuticals – 0.1%** |
| Astrazeneca Finance LLC (United Kingdom) | Astrazeneca Finance LLC (United Kingdom) | Astrazeneca Finance LLC (United Kingdom) | Astrazeneca Finance LLC (United Kingdom) |
| 350000 | 2.250 | 05/28/31 | 294623 |
| **Technology – 0.2%** | **Technology – 0.2%** | **Technology – 0.2%** | **Technology – 0.2%** |
| NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) | NXP BV / NXP Funding LLC (China) |
| 40000 | 5.350 | 03/01/26 | 39994 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** | **Technology – (continued)** |
| NXP BV / NXP Funding LLC / NXP USA, Inc. (China) | NXP BV / NXP Funding LLC / NXP USA, Inc. (China) | NXP BV / NXP Funding LLC / NXP USA, Inc. (China) | NXP BV / NXP Funding LLC / NXP USA, Inc. (China) |
| 120000 | 3.400% | 05/01/30 | $103771 |
| 265000 | 2.500 | 05/11/31 | 208974 |
| 390000 | 5.000 | 01/15/33 | 371246 |
|  |  |  | 723985 |
| **Telecommunications – 0.1%** | **Telecommunications – 0.1%** | **Telecommunications – 0.1%** | **Telecommunications – 0.1%** |
| America Movil SAB de CV (Mexico) | America Movil SAB de CV (Mexico) | America Movil SAB de CV (Mexico) | America Movil SAB de CV (Mexico) |
| 280000 | 3.625 | 04/22/29 | 255180 |
| 200000 | 2.875 | 05/07/30 | 171880 |
|  |  |  | 427060 |
| **Transportation – 0.1%** | **Transportation – 0.1%** | **Transportation – 0.1%** | **Transportation – 0.1%** |
| Canadian National Railway Co. (Canada) | Canadian National Railway Co. (Canada) | Canadian National Railway Co. (Canada) | Canadian National Railway Co. (Canada) |
| 40000 | 4.450 | 01/20/49 | 36396 |
| Canadian Pacific Railway Co. (Canada) | Canadian Pacific Railway Co. (Canada) | Canadian Pacific Railway Co. (Canada) | Canadian Pacific Railway Co. (Canada) |
| 250000 | 2.450 | 12/02/31 | 208642 |
|  |  |  | 245038 |
| **Wireless – 0.2%** | **Wireless – 0.2%** | **Wireless – 0.2%** | **Wireless – 0.2%** |
| Rogers Communications, Inc.<sup>(d)</sup> (Canada) | Rogers Communications, Inc.<sup>(d)</sup> (Canada) | Rogers Communications, Inc.<sup>(d)</sup> (Canada) | Rogers Communications, Inc.<sup>(d)</sup> (Canada) |
| 170000 | 4.500 | 03/15/42 | 143238 |
| TELUS Corp. (Canada) | TELUS Corp. (Canada) | TELUS Corp. (Canada) | TELUS Corp. (Canada) |
| 300000 | 3.400 | 05/13/32 | 258903 |
| Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) | Vodafone Group PLC (United Kingdom) |
| 250000 | 4.125 | 05/30/25 | 246457 |
| 50000 | 5.250 | 05/30/48 | 45087 |
|  |  |  | 693685 |
| **Wirelines – 0.1%** | **Wirelines – 0.1%** | **Wirelines – 0.1%** | **Wirelines – 0.1%** |
| Bell Telephone Co of Canada or Bell Canada/The (Canada) | Bell Telephone Co of Canada or Bell Canada/The (Canada) | Bell Telephone Co of Canada or Bell Canada/The (Canada) | Bell Telephone Co of Canada or Bell Canada/The (Canada) |
| 80000 | 4.300 | 07/29/49 | 66688 |
| British Telecommunications PLC (United Kingdom) | British Telecommunications PLC (United Kingdom) | British Telecommunications PLC (United Kingdom) | British Telecommunications PLC (United Kingdom) |
| 100000 | 9.625 | 12/15/30 | 120444 |
| Deutsche Telekom International Finance BV (Germany) | Deutsche Telekom International Finance BV (Germany) | Deutsche Telekom International Finance BV (Germany) | Deutsche Telekom International Finance BV (Germany) |
| 15000 | 8.750 | 06/15/30 | 17854 |
| Orange SA (France) | Orange SA (France) | Orange SA (France) | Orange SA (France) |
| 140000 | 9.000 | 03/01/31 | 173414 |
|  |  |  | 378400 |
| **TOTAL FOREIGN CORPORATE DEBT<br>(Cost $24,213,135)** | **TOTAL FOREIGN CORPORATE DEBT<br>(Cost $24,213,135)** | **TOTAL FOREIGN CORPORATE DEBT<br>(Cost $24,213,135)** | $21746869 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – 2.0%** | **Sovereign Debt Obligations – 2.0%** | **Sovereign Debt Obligations – 2.0%** | **Sovereign Debt Obligations – 2.0%** |
| **Sovereign – 2.0%** | **Sovereign – 2.0%** | **Sovereign – 2.0%** | **Sovereign – 2.0%** |
| Abu Dhabi Government International Bond (United Arab Emirates) | Abu Dhabi Government International Bond (United Arab Emirates) | Abu Dhabi Government International Bond (United Arab Emirates) | Abu Dhabi Government International Bond (United Arab Emirates) |
| 200000 | 0.750 %<sup>(d)</sup> | 09/02/23 | $193975 |
| 400000 | 2.125 <sup>(d)</sup> | 09/30/24 | 384471 |
| 200000 | 2.500 <sup>(d)</sup> | 04/16/25 | 192320 |
| 200000 | 1.625 <sup>(d)</sup> | 06/02/28 | 177374 |
| 200000 | 2.700 <sup>(d)</sup> | 09/02/70 | 125351 |
| Chile Government International Bond (Chile) | Chile Government International Bond (Chile) | Chile Government International Bond (Chile) | Chile Government International Bond (Chile) |
| 400000 | 2.750 | 01/31/27 | 370239 |
| 200000 | 2.450 | 01/31/31 | 169171 |
| China Government International Bond<sup>(d)</sup> (China) | China Government International Bond<sup>(d)</sup> (China) | China Government International Bond<sup>(d)</sup> (China) | China Government International Bond<sup>(d)</sup> (China) |
| 400000 | 0.400 | 10/21/23 | 386723 |
| Colombia Government International Bond (Colombia) | Colombia Government International Bond (Colombia) | Colombia Government International Bond (Colombia) | Colombia Government International Bond (Colombia) |
| 200000 | 3.875 | 04/25/27 | 174993 |
| 200000 | 4.500 | 03/15/29 | 171062 |
| 100000 | 6.125 | 01/18/41 | 78695 |
| Indonesia Government International Bond (Indonesia) | Indonesia Government International Bond (Indonesia) | Indonesia Government International Bond (Indonesia) | Indonesia Government International Bond (Indonesia) |
| 200000 | 3.850 | 10/15/30 | 187436 |
| 200000 | 4.650 | 09/20/32 | 198688 |
| 300000 | 5.250 | 01/17/42 | 295489 |
| Malaysia Sovereign Sukuk BHD<sup>(d)</sup> (Malaysia) | Malaysia Sovereign Sukuk BHD<sup>(d)</sup> (Malaysia) | Malaysia Sovereign Sukuk BHD<sup>(d)</sup> (Malaysia) | Malaysia Sovereign Sukuk BHD<sup>(d)</sup> (Malaysia) |
| 300000 | 3.043 | 04/22/25 | 290413 |
| Mexico Government International Bond (Mexico) | Mexico Government International Bond (Mexico) | Mexico Government International Bond (Mexico) | Mexico Government International Bond (Mexico) |
| 400000 | 4.150 | 03/28/27 | 394138 |
| 250000 | 3.250 | 04/16/30 | 223160 |
| 400000 | 4.750 | 04/27/32 | 385626 |
| 250000 | 3.500 | 02/12/34 | 208469 |
| Panama Government International Bond (Panama) | Panama Government International Bond (Panama) | Panama Government International Bond (Panama) | Panama Government International Bond (Panama) |
| 200000 | 6.700 | 01/26/36 | 211750 |
| Perusahaan Penerbit SBSN Indonesia III (Indonesia) | Perusahaan Penerbit SBSN Indonesia III (Indonesia) | Perusahaan Penerbit SBSN Indonesia III (Indonesia) | Perusahaan Penerbit SBSN Indonesia III (Indonesia) |
| 400000 | 4.550 <sup>(d)</sup> | 03/29/26 | 399000 |
| 200000 | 2.800 <sup>(d)</sup> | 06/23/30 | 176250 |
| Peruvian Government International Bond (Peru) | Peruvian Government International Bond (Peru) | Peruvian Government International Bond (Peru) | Peruvian Government International Bond (Peru) |
| 200000 | 2.783 | 01/23/31 | 168618 |
| 300000 | 1.862 | 12/01/32 | 225257 |
| 100000 | 8.750 | 11/21/33 | 124131 |
| Philippine Government International Bond (Philippines) | Philippine Government International Bond (Philippines) | Philippine Government International Bond (Philippines) | Philippine Government International Bond (Philippines) |
| 200000 | 3.750 | 01/14/29 | 191448 |
| 400000 | 2.457 | 05/05/30 | 347321 |
| 220000 | 5.609 | 04/13/33 | 234233 |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** | **Sovereign Debt Obligations – (continued)** |
| **Sovereign – (continued)** | **Sovereign – (continued)** | **Sovereign – (continued)** | **Sovereign – (continued)** |
| Philippine Government International Bond (Philippines) – (continued) | Philippine Government International Bond (Philippines) – (continued) | Philippine Government International Bond (Philippines) – (continued) | Philippine Government International Bond (Philippines) – (continued) |
| 250000 | 6.375% | 10/23/34 | $276300 |
| Province of Alberta Canada (Canada) | Province of Alberta Canada (Canada) | Province of Alberta Canada (Canada) | Province of Alberta Canada (Canada) |
| 50000 | 3.300 | 03/15/28 | 47888 |
| Province of Ontario Canada (Canada) | Province of Ontario Canada (Canada) | Province of Ontario Canada (Canada) | Province of Ontario Canada (Canada) |
| 30000 | 1.050 | 05/21/27 | 26169 |
| 30000 | 1.600 | 02/25/31 | 24585 |
| Province of Quebec Canada (Canada) | Province of Quebec Canada (Canada) | Province of Quebec Canada (Canada) | Province of Quebec Canada (Canada) |
| 90000 | 0.600 | 07/23/25 | 81641 |
| 25000 | 2.750 | 04/12/27 | 23625 |
| Qatar Government International Bond (Qatar) | Qatar Government International Bond (Qatar) | Qatar Government International Bond (Qatar) | Qatar Government International Bond (Qatar) |
| 280000 | 3.400 <sup>(d)</sup> | 04/16/25 | 273828 |
| 200000 | 4.817 <sup>(d)</sup> | 03/14/49 | 195978 |
| Republic of Poland Government International Bond (Poland) | Republic of Poland Government International Bond (Poland) | Republic of Poland Government International Bond (Poland) | Republic of Poland Government International Bond (Poland) |
| 30000 | 3.250 | 04/06/26 | 28748 |
| Romanian Government International Bond<sup>(d)</sup> (Romania) | Romanian Government International Bond<sup>(d)</sup> (Romania) | Romanian Government International Bond<sup>(d)</sup> (Romania) | Romanian Government International Bond<sup>(d)</sup> (Romania) |
| 16000 | 3.000 | 02/14/31 | 12864 |
| Saudi Government International Bond (Saudi Arabia) | Saudi Government International Bond (Saudi Arabia) | Saudi Government International Bond (Saudi Arabia) | Saudi Government International Bond (Saudi Arabia) |
| 300000 | 2.900 <sup>(d)</sup> | 10/22/25 | 287619 |
| 500000 | 4.625 | 10/04/47 | 449565 |
| Uruguay Government International Bond (Uruguay) | Uruguay Government International Bond (Uruguay) | Uruguay Government International Bond (Uruguay) | Uruguay Government International Bond (Uruguay) |
| 15000 | 4.375 | 01/23/31 | 15056 |
| 250000 | 5.100 | 06/18/50 | 247032 |
|  |  |  | 8676699 |
| **TOTAL SOVEREIGN DEBT OBLIGATIONS<br>(Cost $9,590,875)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS<br>(Cost $9,590,875)** | **TOTAL SOVEREIGN DEBT OBLIGATIONS<br>(Cost $9,590,875)** | $8676699 |
| **U.S. Treasury Obligations – 2.9%<sup>(e)</sup>** | **U.S. Treasury Obligations – 2.9%<sup>(e)</sup>** | **U.S. Treasury Obligations – 2.9%<sup>(e)</sup>** | **U.S. Treasury Obligations – 2.9%<sup>(e)</sup>** |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| 8000000 | 2.750% | 08/15/42 | $6593374 |
| 8677000 | 2.000 | 02/15/50 | 5929312 |
| **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $14,557,781)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $14,557,781)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $14,557,781)** | $12522686 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 23.3%<sup>(f)</sup>** | **Investment Company – 23.3%<sup>(f)</sup>** | **Investment Company – 23.3%<sup>(f)</sup>** |
|  Goldman Sachs Financial Square Government Fund — Institutional Shares | Goldman Sachs Financial Square Government Fund — Institutional Shares | Goldman Sachs Financial Square Government Fund — Institutional Shares |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99833224 | 3.727% | $99833224 |
| **(Cost $99,833,224)** | **(Cost $99,833,224)** | **(Cost $99,833,224)** |
| **TOTAL INVESTMENTS – 121.6%<br>(Cost $548,580,385)** | **TOTAL INVESTMENTS – 121.6%<br>(Cost $548,580,385)** | $521278640 |
| **LIABILITIES IN EXCESS OF<br> ASSETS – (21.6)%** | **LIABILITIES IN EXCESS OF<br> ASSETS – (21.6)%** | (92412415) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $428866225 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned. Total market value of TBA securities (excluding forward sales contracts, if any) amounts to $102,892,804 which represents approximately 24.0% of the Fund's net assets as of November 30, 2022. |
| (b) | Variable rate security. Interest rate or distribution rate disclosed is that which is in effect on November 30, 2022. |
| (c) | Step coupon. |
| (d) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (e) | Interest rates represent either the stated coupon rate, annualized yield on date of purchase for discounted securities, or, for floating rate securities, the current reset rate, which is based upon current interest rate indices. |
| (f) | Represents an affiliated issuer. |

---

------

GOLDMAN SACHS ACCESS U.S. AGGREGATE BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| CMT | — Constant Maturity Treasury Index |
| GMTN | — Global Medium Term Note |
| LIBOR | — London Interbank Offered Rate |
| LP | — Limited Partnership |
| MTN | — Medium Term Note |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SOFR | — Secured Overnight Financing Rate |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – 23.8%** | **Corporate Obligations – 23.8%** | **Corporate Obligations – 23.8%** | **Corporate Obligations – 23.8%** |
| **Banks – 7.6%** | **Banks – 7.6%** | **Banks – 7.6%** | **Banks – 7.6%** |
| American Express Co.<sup>(a)</sup><br> (SOFR + 0.930%) | American Express Co.<sup>(a)</sup><br> (SOFR + 0.930%) | American Express Co.<sup>(a)</sup><br> (SOFR + 0.930%) | American Express Co.<sup>(a)</sup><br> (SOFR + 0.930%) |
| 1854000 | 4.768% | 03/04/25 | $1848378 |
| Bank of America Corp.<br> (3M USD LIBOR + 0.790%) | Bank of America Corp.<br> (3M USD LIBOR + 0.790%) | Bank of America Corp.<br> (3M USD LIBOR + 0.790%) | Bank of America Corp.<br> (3M USD LIBOR + 0.790%) |
| 1622000 | 3.004 <sup>(a)</sup> | 12/20/23 | 1620062 |
| (SOFR + 1.100%) | (SOFR + 1.100%) |  |  |
| 1950000 | 4.854 <sup>(a)</sup> | 04/25/25 | 1933557 |
| Bank of America Corp.<sup>(a)</sup>, Series 2025 | Bank of America Corp.<sup>(a)</sup>, Series 2025 | Bank of America Corp.<sup>(a)</sup>, Series 2025 | Bank of America Corp.<sup>(a)</sup>, Series 2025 |
| (SOFR + 0.660%) | (SOFR + 0.660%) |  |  |
| 2735000 | 4.491 | 02/04/25 | 2689304 |
| Capital One Financial Corp.<sup>(a)</sup><br> (SOFR + 0.690%) | Capital One Financial Corp.<sup>(a)</sup><br> (SOFR + 0.690%) | Capital One Financial Corp.<sup>(a)</sup><br> (SOFR + 0.690%) | Capital One Financial Corp.<sup>(a)</sup><br> (SOFR + 0.690%) |
| 5409000 | 4.528 | 12/06/24 | 5278809 |
| Charles Schwab Corp. (The)<sup>(a)</sup> | Charles Schwab Corp. (The)<sup>(a)</sup> | Charles Schwab Corp. (The)<sup>(a)</sup> | Charles Schwab Corp. (The)<sup>(a)</sup> |
| (SOFRINDX + 0.500%) | (SOFRINDX + 0.500%) |  |  |
| 1000000 | 3.839 | 03/18/24 | 993053 |
| Citigroup, Inc.<sup>(a)</sup> | Citigroup, Inc.<sup>(a)</sup> | Citigroup, Inc.<sup>(a)</sup> | Citigroup, Inc.<sup>(a)</sup> |
| (SOFR + 1.667%) | (SOFR + 1.667%) |  |  |
| 1676000 | 1.678 | 05/15/24 | 1647072 |
| Discover Bank | Discover Bank | Discover Bank | Discover Bank |
| 2000000 | 3.350 | 02/06/23 | 1993026 |
| Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp | Fifth Third Bancorp |
| 1000000 | 1.625 | 05/05/23 | 985510 |
| Fifth Third Bank NA | Fifth Third Bank NA | Fifth Third Bank NA | Fifth Third Bank NA |
| 418000 | 1.800 | 01/30/23 | 415951 |
| First Republic Bank<sup>(a)</sup> | First Republic Bank<sup>(a)</sup> | First Republic Bank<sup>(a)</sup> | First Republic Bank<sup>(a)</sup> |
| (SOFR + 0.620%) | (SOFR + 0.620%) | (SOFR + 0.620%) |  |
| 1182000 | 1.912 | 02/12/24 | 1167965 |
| Huntington National Bank (The)<sup>(a)</sup><br> (SOFRINDX + 1.190%) | Huntington National Bank (The)<sup>(a)</sup><br> (SOFRINDX + 1.190%) | Huntington National Bank (The)<sup>(a)</sup><br> (SOFRINDX + 1.190%) | Huntington National Bank (The)<sup>(a)</sup><br> (SOFRINDX + 1.190%) |
| 1600000 | 5.025 | 05/16/25 | 1593168 |
| JPMorgan Chase & Co.<br> (SOFR + 0.580%) | JPMorgan Chase & Co.<br> (SOFR + 0.580%) | JPMorgan Chase & Co.<br> (SOFR + 0.580%) | JPMorgan Chase & Co.<br> (SOFR + 0.580%) |
| 1910000 | 0.697 <sup>(a)</sup> | 03/16/24 | 1882210 |
| (3M USD LIBOR + 0.730%) | (3M USD LIBOR + 0.730%) | (3M USD LIBOR + 0.730%) | (3M USD LIBOR + 0.730%) |
| 1627000 | 3.559 <sup>(a)</sup> | 04/23/24 | 1615188 |
| (SOFR + 0.970%) | (SOFR + 0.970%) | (SOFR + 0.970%) | (SOFR + 0.970%) |
| 1000000 | 4.258 <sup>(a)</sup> | 06/14/25 | 986964 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| KeyBank NA<br> (SOFR + 0.340%) | KeyBank NA<br> (SOFR + 0.340%) | KeyBank NA<br> (SOFR + 0.340%) | KeyBank NA<br> (SOFR + 0.340%) |
| 1124000 | 0.423 %<sup>(a)</sup> | 01/03/24 | $1118711 |
| (SOFRINDX + 0.320%) | (SOFRINDX + 0.320%) | (SOFRINDX + 0.320%) | (SOFRINDX + 0.320%) |
| 1000000 | 3.608 <sup>(a)</sup> | 06/14/24 | 989777 |
| Morgan Stanley<br> (SOFR + 0.616%) | Morgan Stanley<br> (SOFR + 0.616%) | Morgan Stanley<br> (SOFR + 0.616%) | Morgan Stanley<br> (SOFR + 0.616%) |
| 2049000 | 0.731 <sup>(a)</sup> | 04/05/24 | 2008322 |
| (SOFR + 0.625%) | (SOFR + 0.625%) | (SOFR + 0.625%) | (SOFR + 0.625%) |
| 1764000 | 4.370 <sup>(a)</sup> | 01/24/25 | 1732239 |
| MUFG Union Bank NA | MUFG Union Bank NA | MUFG Union Bank NA | MUFG Union Bank NA |
| 500000 | 2.100 | 12/09/22 | 499704 |
| National Securities Clearing Corp.<sup>(b)</sup> | National Securities Clearing Corp.<sup>(b)</sup> | National Securities Clearing Corp.<sup>(b)</sup> | National Securities Clearing Corp.<sup>(b)</sup> |
| 2550000 | 5.050 | 11/21/24 | 2556074 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| 462000 | 4.125 | 08/15/23 | 459281 |
| Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN | Wells Fargo & Co., MTN |
| 941000 | 3.750 | 01/24/24 | 928280 |
| (SOFR + 1.600%) | (SOFR + 1.600%) |  |  |
| 3000000 | 1.654 <sup>(a)</sup> | 06/02/24 | 2945940 |
|  |  |  | 39888545 |
| **Basic Industry – 0.6%** | **Basic Industry – 0.6%** | **Basic Industry – 0.6%** | **Basic Industry – 0.6%** |
| Ecolab, Inc. | Ecolab, Inc. | Ecolab, Inc. | Ecolab, Inc. |
| 272000 | 0.900 | 12/15/23 | 261100 |
| Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) | Sherwin-Williams Co. (The) |
| 3107000 | 4.050 | 08/08/24 | 3059159 |
|  |  |  | 3320259 |
| **Broadcasting – 0.1%** | **Broadcasting – 0.1%** | **Broadcasting – 0.1%** | **Broadcasting – 0.1%** |
| Fox Corp. | Fox Corp. | Fox Corp. | Fox Corp. |
| 705000 | 4.030 | 01/25/24 | 695200 |
| **Capital Goods – 0.6%** | **Capital Goods – 0.6%** | **Capital Goods – 0.6%** | **Capital Goods – 0.6%** |
| Carlisle Cos., Inc. | Carlisle Cos., Inc. | Carlisle Cos., Inc. | Carlisle Cos., Inc. |
| 1117000 | 0.550 | 09/01/23 | 1077451 |
| Caterpillar Financial Services Corp., MTN | Caterpillar Financial Services Corp., MTN | Caterpillar Financial Services Corp., MTN | Caterpillar Financial Services Corp., MTN |
| 1994000 | 4.900 | 01/17/25 | 2000493 |
|  |  |  | 3077944 |
| **Consumer Cyclical – 1.4%** | **Consumer Cyclical – 1.4%** | **Consumer Cyclical – 1.4%** | **Consumer Cyclical – 1.4%** |
| 7-Eleven, Inc.<sup>(b)</sup> | 7-Eleven, Inc.<sup>(b)</sup> | 7-Eleven, Inc.<sup>(b)</sup> | 7-Eleven, Inc.<sup>(b)</sup> |
| 1245000 | 0.625 | 02/10/23 | 1233982 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** | **Consumer Cyclical – (continued)** |
| eBay, Inc. | eBay, Inc. | eBay, Inc. | eBay, Inc. |
| 604000 | 2.750% | 01/30/23 | $601837 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| 300000 | 3.700 | 05/09/23 | 297925 |
| 1914000 | 1.700 | 08/18/23 | 1862295 |
| (SOFRINDX + 1.300%) | (SOFRINDX + 1.300%) | (SOFRINDX + 1.300%) |  |
| 3000000 | 4.883 <sup>(a)</sup> | 04/07/25 | 2916663 |
| Starbucks Corp.<sup>(a)</sup> | Starbucks Corp.<sup>(a)</sup> | Starbucks Corp.<sup>(a)</sup> | Starbucks Corp.<sup>(a)</sup> |
| (SOFRINDX + 0.420%) | (SOFRINDX + 0.420%) | (SOFRINDX + 0.420%) | (SOFRINDX + 0.420%) |
| 479000 | 4.253 | 02/14/24 | 475466 |
|  |  |  | 7388168 |
| **Consumer Noncyclical – 3.5%** | **Consumer Noncyclical – 3.5%** | **Consumer Noncyclical – 3.5%** | **Consumer Noncyclical – 3.5%** |
| AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. | AbbVie, Inc. |
| 2000000 | 3.750 | 11/14/23 | 1978120 |
| Baxter International, Inc.<sup>(a)</sup> | Baxter International, Inc.<sup>(a)</sup> | Baxter International, Inc.<sup>(a)</sup> | Baxter International, Inc.<sup>(a)</sup> |
| (SOFRINDX + 0.440%) | (SOFRINDX + 0.440%) | (SOFRINDX + 0.440%) | (SOFRINDX + 0.440%) |
| 1356000 | 4.277 | 11/29/24 | 1319552 |
| GE Healthcare Holding LLC<sup>(b)</sup> | GE Healthcare Holding LLC<sup>(b)</sup> | GE Healthcare Holding LLC<sup>(b)</sup> | GE Healthcare Holding LLC<sup>(b)</sup> |
| 3067000 | 5.550 | 11/15/24 | 3081102 |
| GSK Consumer Healthcare Capital US LLC<sup>(a)</sup><br> (SOFR + 0.890%) | GSK Consumer Healthcare Capital US LLC<sup>(a)</sup><br> (SOFR + 0.890%) | GSK Consumer Healthcare Capital US LLC<sup>(a)</sup><br> (SOFR + 0.890%) | GSK Consumer Healthcare Capital US LLC<sup>(a)</sup><br> (SOFR + 0.890%) |
| 2100000 | 4.350 | 03/24/24 | 2089235 |
| PerkinElmer, Inc. | PerkinElmer, Inc. | PerkinElmer, Inc. | PerkinElmer, Inc. |
| 1505000 | 0.550 | 09/15/23 | 1450980 |
| Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. | Philip Morris International, Inc. |
| 3078000 | 5.125 | 11/15/24 | 3079818 |
| Thermo Fisher Scientific, Inc.<br> (SOFRINDX + 0.350%) | Thermo Fisher Scientific, Inc.<br> (SOFRINDX + 0.350%) | Thermo Fisher Scientific, Inc.<br> (SOFRINDX + 0.350%) | Thermo Fisher Scientific, Inc.<br> (SOFRINDX + 0.350%) |
| 1070000 | 4.007 <sup>(a)</sup> | 04/18/23 | 1068592 |
| 4600000 | 0.797 | 10/18/23 | 4438504 |
|  |  |  | 18505903 |
| **Consumer Products – 0.2%** | **Consumer Products – 0.2%** | **Consumer Products – 0.2%** | **Consumer Products – 0.2%** |
| GSK Consumer Healthcare Capital US LLC | GSK Consumer Healthcare Capital US LLC | GSK Consumer Healthcare Capital US LLC | GSK Consumer Healthcare Capital US LLC |
| 1183000 | 3.024 | 03/24/24 | 1148511 |
| **Electric – 3.3%** | **Electric – 3.3%** | **Electric – 3.3%** | **Electric – 3.3%** |
| American Electric Power Co., Inc.<sup>(a)</sup>, Series A<br> (3M USD LIBOR + 0.480%) | American Electric Power Co., Inc.<sup>(a)</sup>, Series A<br> (3M USD LIBOR + 0.480%) | American Electric Power Co., Inc.<sup>(a)</sup>, Series A<br> (3M USD LIBOR + 0.480%) | American Electric Power Co., Inc.<sup>(a)</sup>, Series A<br> (3M USD LIBOR + 0.480%) |
| 625000 | 4.920 | 11/01/23 | 621931 |
| Atmos Energy Corp. | Atmos Energy Corp. | Atmos Energy Corp. | Atmos Energy Corp. |
| 423000 | 0.625 | 03/09/23 | 418392 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** | **Electric – (continued)** |
| Atmos Energy Corp. – (continued)<br> (3M USD LIBOR + 0.380%) | Atmos Energy Corp. – (continued)<br> (3M USD LIBOR + 0.380%) | Atmos Energy Corp. – (continued)<br> (3M USD LIBOR + 0.380%) | Atmos Energy Corp. – (continued)<br> (3M USD LIBOR + 0.380%) |
| 747000 | 3.574 %<sup>(a)</sup> | 03/09/23 | $746066 |
| CenterPoint Energy Resources Corp. | CenterPoint Energy Resources Corp. | CenterPoint Energy Resources Corp. | CenterPoint Energy Resources Corp. |
| 900000 | 0.700 | 03/02/23 | 889342 |
| (3M USD LIBOR + 0.500%) | (3M USD LIBOR + 0.500%) | (3M USD LIBOR + 0.500%) | (3M USD LIBOR + 0.500%) |
| 479000 | 5.279 <sup>(a)</sup> | 03/02/23 | 478580 |
| CenterPoint Energy, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.650%) | CenterPoint Energy, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.650%) | CenterPoint Energy, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.650%) | CenterPoint Energy, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.650%) |
| 2131000 | 4.482 | 05/13/24 | 2098340 |
| Duke Energy Corp.<sup>(a)</sup><br>(SOFR + 0.250%) | Duke Energy Corp.<sup>(a)</sup><br>(SOFR + 0.250%) | Duke Energy Corp.<sup>(a)</sup><br>(SOFR + 0.250%) | Duke Energy Corp.<sup>(a)</sup><br>(SOFR + 0.250%) |
| 850000 | 3.470 | 06/10/23 | 845740 |
| Eversource Energy | Eversource Energy | Eversource Energy | Eversource Energy |
| 1002000 | 4.200 | 06/27/24 | 988451 |
| Florida Power & Light Co.<sup>(a)</sup><br> (SOFRINDX + 0.380%) | Florida Power & Light Co.<sup>(a)</sup><br> (SOFRINDX + 0.380%) | Florida Power & Light Co.<sup>(a)</sup><br> (SOFRINDX + 0.380%) | Florida Power & Light Co.<sup>(a)</sup><br> (SOFRINDX + 0.380%) |
| 1250000 | 3.988 | 01/12/24 | 1238252 |
| National Rural Utilities Cooperative Finance Corp.<sup>(a)</sup>, MTN<br> (SOFR + 0.400%) | National Rural Utilities Cooperative Finance Corp.<sup>(a)</sup>, MTN<br> (SOFR + 0.400%) | National Rural Utilities Cooperative Finance Corp.<sup>(a)</sup>, MTN<br> (SOFR + 0.400%) | National Rural Utilities Cooperative Finance Corp.<sup>(a)</sup>, MTN<br> (SOFR + 0.400%) |
| 1884000 | 4.231 | 08/07/23 | 1877033 |
| NextEra Energy Capital Holdings, Inc.<br> (3M USD LIBOR + 0.270%) | NextEra Energy Capital Holdings, Inc.<br> (3M USD LIBOR + 0.270%) | NextEra Energy Capital Holdings, Inc.<br> (3M USD LIBOR + 0.270%) | NextEra Energy Capital Holdings, Inc.<br> (3M USD LIBOR + 0.270%) |
| 1910000 | 4.935 <sup>(a)</sup> | 02/22/23 | 1907145 |
| (SOFRINDX + 0.540%) | (SOFRINDX + 0.540%) | (SOFRINDX + 0.540%) | (SOFRINDX + 0.540%) |
| 500000 | 4.463 <sup>(a)</sup> | 03/01/23 | 499196 |
| OGE Energy Corp. | OGE Energy Corp. | OGE Energy Corp. | OGE Energy Corp. |
| 226000 | 0.703 | 05/26/23 | 221322 |
| Oklahoma Gas and Electric Co. | Oklahoma Gas and Electric Co. | Oklahoma Gas and Electric Co. | Oklahoma Gas and Electric Co. |
| 522000 | 0.553 | 05/26/23 | 510520 |
| PPL Electric Utilities Corp.<sup>(a)</sup><br> (SOFR + 0.330%) | PPL Electric Utilities Corp.<sup>(a)</sup><br> (SOFR + 0.330%) | PPL Electric Utilities Corp.<sup>(a)</sup><br> (SOFR + 0.330%) | PPL Electric Utilities Corp.<sup>(a)</sup><br> (SOFR + 0.330%) |
| 620000 | 3.790 | 06/24/24 | 611609 |
| Southern Co. (The) | Southern Co. (The) | Southern Co. (The) | Southern Co. (The) |
| 1500000 | 2.950 | 07/01/23 | 1482393 |
| Southern Co. (The)<sup>(a)</sup>, Series 2021<br> (SOFRINDX + 0.370%) | Southern Co. (The)<sup>(a)</sup>, Series 2021<br> (SOFRINDX + 0.370%) | Southern Co. (The)<sup>(a)</sup>, Series 2021<br> (SOFRINDX + 0.370%) | Southern Co. (The)<sup>(a)</sup>, Series 2021<br> (SOFRINDX + 0.370%) |
| 1636000 | 4.202 | 05/10/23 | 1625291 |
|  |  |  | 17059603 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Energy – 1.0%** | **Energy – 1.0%** | **Energy – 1.0%** | **Energy – 1.0%** |
| Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. | Baker Hughes Holdings LLC / Baker Hughes Co.-Obligor, Inc. |
| 373000 | 1.231% | 12/15/23 | $359593 |
| ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. | ConocoPhillips Co. |
| 2206000 | 2.125 | 03/08/24 | 2130866 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 649000 | 3.450 | 02/15/23 | 646619 |
| MPLX LP | MPLX LP | MPLX LP | MPLX LP |
| 704000 | 4.500 | 07/15/23 | 699608 |
| Pioneer Natural Resources Co. | Pioneer Natural Resources Co. | Pioneer Natural Resources Co. | Pioneer Natural Resources Co. |
| 1436000 | 0.550 | 05/15/23 | 1407807 |
|  |  |  | 5244493 |
| **Financial Company – 0.3%** | **Financial Company – 0.3%** | **Financial Company – 0.3%** | **Financial Company – 0.3%** |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| 1037000 | 2.250 | 01/15/23 | 1032039 |
| 500000 | 3.875 | 07/03/23 | 493885 |
|  |  |  | 1525924 |
| **Healthcare – 0.4%** | **Healthcare – 0.4%** | **Healthcare – 0.4%** | **Healthcare – 0.4%** |
| AmerisourceBergen Corp. | AmerisourceBergen Corp. | AmerisourceBergen Corp. | AmerisourceBergen Corp. |
| 831000 | 0.737 | 03/15/23 | 820621 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| 1109000 | 5.000 | 10/15/24 | 1117941 |
|  |  |  | 1938562 |
| **Insurance – 2.3%** | **Insurance – 2.3%** | **Insurance – 2.3%** | **Insurance – 2.3%** |
| AIG Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.380%) | AIG Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.380%) | AIG Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.380%) | AIG Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.380%) |
| 1390000 | 3.685 | 12/15/23 | 1386302 |
| Athene Global Funding<sup>(a)(b)</sup><br> (3M USD LIBOR + 0.730%) | Athene Global Funding<sup>(a)(b)</sup><br> (3M USD LIBOR + 0.730%) | Athene Global Funding<sup>(a)(b)</sup><br> (3M USD LIBOR + 0.730%) | Athene Global Funding<sup>(a)(b)</sup><br> (3M USD LIBOR + 0.730%) |
| 624000 | 4.556 | 01/08/24 | 618016 |
| Equitable Financial Life Global Funding<sup>(b)</sup> | Equitable Financial Life Global Funding<sup>(b)</sup> | Equitable Financial Life Global Funding<sup>(b)</sup> | Equitable Financial Life Global Funding<sup>(b)</sup> |
| 1623000 | 0.500 | 04/06/23 | 1597459 |
| Jackson National Life Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.600%) | Jackson National Life Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.600%) | Jackson National Life Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.600%) | Jackson National Life Global Funding<sup>(a)(b)</sup><br> (SOFR + 0.600%) |
| 1300000 | 4.174 | 01/06/23 | 1299862 |
| MassMutual Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.360%) | MassMutual Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.360%) | MassMutual Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.360%) | MassMutual Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.360%) |
| 986000 | 3.968 | 04/12/24 | 976673 |
| Metropolitan Life Global Funding I<sup>(b)</sup> | Metropolitan Life Global Funding I<sup>(b)</sup> | Metropolitan Life Global Funding I<sup>(b)</sup> | Metropolitan Life Global Funding I<sup>(b)</sup> |
| 710000 | 3.600 | 01/11/24 | 699133 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** |
| Pacific Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.400%) | Pacific Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.400%) | Pacific Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.400%) | Pacific Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.400%) |
| 750000 | 4.154% | 01/27/25 | $732712 |
| Principal Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.450%) | Principal Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.450%) | Principal Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.450%) | Principal Life Global Funding II<sup>(a)(b)</sup><br> (SOFR + 0.450%) |
| 353000 | 4.058 | 04/12/24 | 350770 |
| Protective Life Global Funding | Protective Life Global Funding | Protective Life Global Funding | Protective Life Global Funding |
| 2000000 | 0.327 <sup>(b)</sup> | 12/09/22 | 1996379 |
| 626000 | 0.502 <sup>(b)</sup> | 04/12/23 | 615357 |
| (SOFR + 0.980%) | (SOFR + 0.980%) | (SOFR + 0.980%) | (SOFR + 0.980%) |
| 1691000 | 4.462 <sup>(a)(b)</sup> | 03/28/25 | 1675310 |
|  |  |  | 11947973 |
| **REITs and Real Estate – 0.3%** | **REITs and Real Estate – 0.3%** | **REITs and Real Estate – 0.3%** | **REITs and Real Estate – 0.3%** |
| Public Storage<sup>(a)</sup><br> (SOFR + 0.470%) | Public Storage<sup>(a)</sup><br> (SOFR + 0.470%) | Public Storage<sup>(a)</sup><br> (SOFR + 0.470%) | Public Storage<sup>(a)</sup><br> (SOFR + 0.470%) |
| 1385000 | 4.179 | 04/23/24 | 1375611 |
| **Technology – 0.9%** | **Technology – 0.9%** | **Technology – 0.9%** | **Technology – 0.9%** |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. |
| 800000 | 0.375 | 03/01/23 | 790893 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| 1000000 | 2.250 | 04/01/23 | 990654 |
| Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. | Take-Two Interactive Software, Inc. |
| 571000 | 3.300 | 03/28/24 | 556235 |
| Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. |
| 2572000 | 4.700 | 11/18/24 | 2575121 |
|  |  |  | 4912903 |
| **Transportation – 0.5%** | **Transportation – 0.5%** | **Transportation – 0.5%** | **Transportation – 0.5%** |
| Penske Truck Leasing Co. LP / PTL Finance Corp.<sup>(b)</sup> | Penske Truck Leasing Co. LP / PTL Finance Corp.<sup>(b)</sup> | Penske Truck Leasing Co. LP / PTL Finance Corp.<sup>(b)</sup> | Penske Truck Leasing Co. LP / PTL Finance Corp.<sup>(b)</sup> |
| 1390000 | 4.250 | 01/17/23 | 1387681 |
| Ryder System, Inc., MTN | Ryder System, Inc., MTN | Ryder System, Inc., MTN | Ryder System, Inc., MTN |
| 1000000 | 3.750 | 06/09/23 | 991438 |
|  |  |  | 2379119 |
| **Wireless – 0.8%** | **Wireless – 0.8%** | **Wireless – 0.8%** | **Wireless – 0.8%** |
| AT&T, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.640%) | AT&T, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.640%) | AT&T, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.640%) | AT&T, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.640%) |
| 2154000 | 4.100 | 03/25/24 | 2138941 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** | **Wireless – (continued)** |
| Verizon Communications, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.500%) | Verizon Communications, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.500%) | Verizon Communications, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.500%) | Verizon Communications, Inc.<sup>(a)</sup><br> (SOFRINDX + 0.500%) |
| 2116000 | 3.925% | 03/22/24 | $2100277 |
|  |  |  | 4239218 |
| **TOTAL CORPORATE OBLIGATIONS<br>(Cost $125,844,302)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $125,844,302)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $125,844,302)** | $124647936 |
| **Asset- Backed Securities – 20.6%** | **Asset- Backed Securities – 20.6%** | **Asset- Backed Securities – 20.6%** | **Asset- Backed Securities – 20.6%** |
| Access to Loans for Learning Student Loan Corp., Series 2010-I,<br>Class A3<sup>(a)</sup> | Access to Loans for Learning Student Loan Corp., Series 2010-I,<br>Class A3<sup>(a)</sup> | Access to Loans for Learning Student Loan Corp., Series 2010-I,<br>Class A3<sup>(a)</sup> | Access to Loans for Learning Student Loan Corp., Series 2010-I,<br>Class A3<sup>(a)</sup> |
| (3M USD LIBOR + 0.800%) | (3M USD LIBOR + 0.800%) |  |  |
| 581693 | 1.110% | 04/25/37 | $583407 |
| Access to Loans for Learning Student Loan Corp., Series 2012-1,<br>Class A<sup>(a)</sup><br> (1M USD LIBOR + 0.700%) | Access to Loans for Learning Student Loan Corp., Series 2012-1,<br>Class A<sup>(a)</sup><br> (1M USD LIBOR + 0.700%) | Access to Loans for Learning Student Loan Corp., Series 2012-1,<br>Class A<sup>(a)</sup><br> (1M USD LIBOR + 0.700%) | Access to Loans for Learning Student Loan Corp., Series 2012-1,<br>Class A<sup>(a)</sup><br> (1M USD LIBOR + 0.700%) |
| 18718 | 4.744 | 07/25/36 | 18599 |
| Ally Auto Receivables Trust, Series 2022-1, Class A3 | Ally Auto Receivables Trust, Series 2022-1, Class A3 | Ally Auto Receivables Trust, Series 2022-1, Class A3 | Ally Auto Receivables Trust, Series 2022-1, Class A3 |
| 3170000 | 3.310 | 11/15/26 | 3067105 |
| Anchorage Capital CLO Ltd., Series 2014-4RA, Class A<sup>(a)(b)</sup> | Anchorage Capital CLO Ltd., Series 2014-4RA, Class A<sup>(a)(b)</sup> | Anchorage Capital CLO Ltd., Series 2014-4RA, Class A<sup>(a)(b)</sup> | Anchorage Capital CLO Ltd., Series 2014-4RA, Class A<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.050%) (Cayman Islands) | (3M USD LIBOR + 1.050%) (Cayman Islands) | (3M USD LIBOR + 1.050%) (Cayman Islands) | (3M USD LIBOR + 1.050%) (Cayman Islands) |
| 979518 | 5.424 | 01/28/31 | 965494 |
| Atlas Senior Loan Fund III Ltd., Series 2013-1A, Class AR<sup>(a)(b)</sup> | Atlas Senior Loan Fund III Ltd., Series 2013-1A, Class AR<sup>(a)(b)</sup> | Atlas Senior Loan Fund III Ltd., Series 2013-1A, Class AR<sup>(a)(b)</sup> | Atlas Senior Loan Fund III Ltd., Series 2013-1A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.830%) (Cayman Islands) | (3M USD LIBOR + 0.830%) (Cayman Islands) | (3M USD LIBOR + 0.830%) (Cayman Islands) | (3M USD LIBOR + 0.830%) (Cayman Islands) |
| 80720 | 5.480 | 11/17/27 | 79713 |
| BA Credit Card Trust, Series 2021-A1, Class A1 | BA Credit Card Trust, Series 2021-A1, Class A1 | BA Credit Card Trust, Series 2021-A1, Class A1 | BA Credit Card Trust, Series 2021-A1, Class A1 |
| 500000 | 0.440 | 09/15/26 | 469285 |
| Barclays Dryrock Issuance Trust, Series 2021-1, Class A | Barclays Dryrock Issuance Trust, Series 2021-1, Class A | Barclays Dryrock Issuance Trust, Series 2021-1, Class A | Barclays Dryrock Issuance Trust, Series 2021-1, Class A |
| 2400000 | 0.630 | 07/15/27 | 2234568 |
| Barings CLO Ltd., Series 2018-3A, Class A1<sup>(a)(b)</sup> | Barings CLO Ltd., Series 2018-3A, Class A1<sup>(a)(b)</sup> | Barings CLO Ltd., Series 2018-3A, Class A1<sup>(a)(b)</sup> | Barings CLO Ltd., Series 2018-3A, Class A1<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.950%) (Cayman Islands) | (3M USD LIBOR + 0.950%) (Cayman Islands) | (3M USD LIBOR + 0.950%) (Cayman Islands) | (3M USD LIBOR + 0.950%) (Cayman Islands) |
| 292393 | 5.193 | 07/20/29 | 288957 |
| Birch Grove CLO 4 Ltd., Series 2022-4A, Class A1<sup>(a)(b)</sup> | Birch Grove CLO 4 Ltd., Series 2022-4A, Class A1<sup>(a)(b)</sup> | Birch Grove CLO 4 Ltd., Series 2022-4A, Class A1<sup>(a)(b)</sup> | Birch Grove CLO 4 Ltd., Series 2022-4A, Class A1<sup>(a)(b)</sup> |
| (3M U.S. T-Bill MMY + 1.490%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.490%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.490%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.490%) (Cayman Islands) |
| 3000000 | 5.354 | 04/15/34 | 2907684 |
| BlueMountain CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> | BlueMountain CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> | BlueMountain CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> | BlueMountain CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.180%) (Cayman Islands) | (3M USD LIBOR + 1.180%) (Cayman Islands) | (3M USD LIBOR + 1.180%) (Cayman Islands) | (3M USD LIBOR + 1.180%) (Cayman Islands) |
| 980386 | 5.505 | 10/22/30 | 967463 |
| Brazos Higher Education Authority, Inc., Series 2011-1,<br>Class A2<sup>(a)</sup> | Brazos Higher Education Authority, Inc., Series 2011-1,<br>Class A2<sup>(a)</sup> | Brazos Higher Education Authority, Inc., Series 2011-1,<br>Class A2<sup>(a)</sup> | Brazos Higher Education Authority, Inc., Series 2011-1,<br>Class A2<sup>(a)</sup> |
| (3M USD LIBOR + 0.800%) | (3M USD LIBOR + 0.800%) |  |  |
| 175949 | 5.499 | 02/25/30 | 175468 |
| BSPDF Issuer Ltd., Series 2021-FL1, Class A<sup>(a)(b)</sup> | BSPDF Issuer Ltd., Series 2021-FL1, Class A<sup>(a)(b)</sup> | BSPDF Issuer Ltd., Series 2021-FL1, Class A<sup>(a)(b)</sup> | BSPDF Issuer Ltd., Series 2021-FL1, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 1.200%) (Cayman Islands) | (1M USD LIBOR + 1.200%) (Cayman Islands) | (1M USD LIBOR + 1.200%) (Cayman Islands) | (1M USD LIBOR + 1.200%) (Cayman Islands) |
| 1150000 | 5.075 | 10/15/36 | 1099156 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** |
| BX, Series 2021-MFM1, Class A<sup>(a)(b)</sup> | BX, Series 2021-MFM1, Class A<sup>(a)(b)</sup> | BX, Series 2021-MFM1, Class A<sup>(a)(b)</sup> | BX, Series 2021-MFM1, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) |
| 100000 | 4.575% | 01/15/34 | $97273 |
| BX Trust, Series 2021-ARIA, Class A<sup>(a)(b)</sup> | BX Trust, Series 2021-ARIA, Class A<sup>(a)(b)</sup> | BX Trust, Series 2021-ARIA, Class A<sup>(a)(b)</sup> | BX Trust, Series 2021-ARIA, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.899%) | (1M USD LIBOR + 0.899%) | (1M USD LIBOR + 0.899%) | (1M USD LIBOR + 0.899%) |
| 1300000 | 4.774 | 10/15/36 | 1222744 |
| BXHPP Trust, Series 2021-FILM, Class A<sup>(a)(b)</sup> | BXHPP Trust, Series 2021-FILM, Class A<sup>(a)(b)</sup> | BXHPP Trust, Series 2021-FILM, Class A<sup>(a)(b)</sup> | BXHPP Trust, Series 2021-FILM, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.650%) | (1M USD LIBOR + 0.650%) | (1M USD LIBOR + 0.650%) | (1M USD LIBOR + 0.650%) |
| 1850000 | 4.525 | 08/15/36 | 1739551 |
| CARDS II Trust, Series 2021-1A, Class A<sup>(b)</sup> (Canada) | CARDS II Trust, Series 2021-1A, Class A<sup>(b)</sup> (Canada) | CARDS II Trust, Series 2021-1A, Class A<sup>(b)</sup> (Canada) | CARDS II Trust, Series 2021-1A, Class A<sup>(b)</sup> (Canada) |
| 1125000 | 0.602 | 04/15/27 | 1058621 |
| Carlyle US CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> | Carlyle US CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> | Carlyle US CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> | Carlyle US CLO Ltd., Series 2017-2A, Class A1R<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.050%) (Cayman Islands) | (3M USD LIBOR + 1.050%) (Cayman Islands) | (3M USD LIBOR + 1.050%) (Cayman Islands) | (3M USD LIBOR + 1.050%) (Cayman Islands) |
| 2000000 | 5.293 | 07/20/31 | 1964232 |
| Chase Issuance Trust, Series 2020-A1, Class A1 | Chase Issuance Trust, Series 2020-A1, Class A1 | Chase Issuance Trust, Series 2020-A1, Class A1 | Chase Issuance Trust, Series 2020-A1, Class A1 |
| 400000 | 1.530 | 01/15/25 | 398097 |
| CIFC Funding Ltd., Series 2017-3A, Class A1<sup>(a)(b)</sup> | CIFC Funding Ltd., Series 2017-3A, Class A1<sup>(a)(b)</sup> | CIFC Funding Ltd., Series 2017-3A, Class A1<sup>(a)(b)</sup> | CIFC Funding Ltd., Series 2017-3A, Class A1<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.220%) (Cayman Islands) | (3M USD LIBOR + 1.220%) (Cayman Islands) | (3M USD LIBOR + 1.220%) (Cayman Islands) | (3M USD LIBOR + 1.220%) (Cayman Islands) |
| 2339168 | 5.463 | 07/20/30 | 2306310 |
| CIFC Funding Ltd., Series 2021-2A, Class AR<sup>(a)(b)</sup> | CIFC Funding Ltd., Series 2021-2A, Class AR<sup>(a)(b)</sup> | CIFC Funding Ltd., Series 2021-2A, Class AR<sup>(a)(b)</sup> | CIFC Funding Ltd., Series 2021-2A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.950%) (Cayman Islands) | (3M USD LIBOR + 0.950%) (Cayman Islands) | (3M USD LIBOR + 0.950%) (Cayman Islands) | (3M USD LIBOR + 0.950%) (Cayman Islands) |
| 497064 | 5.193 | 04/20/30 | 489093 |
| Citigroup Commercial Mortgage Trust, Series 2014-GC19, Class A4 | Citigroup Commercial Mortgage Trust, Series 2014-GC19, Class A4 | Citigroup Commercial Mortgage Trust, Series 2014-GC19, Class A4 | Citigroup Commercial Mortgage Trust, Series 2014-GC19, Class A4 |
| 2400000 | 4.023 | 03/11/47 | 2332201 |
| Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class A5 | Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class A5 | Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class A5 | Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class A5 |
| 600000 | 3.855 | 05/10/47 | 580273 |
| Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB | Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB | Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB | Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB |
| 185515 | 2.984 | 04/10/48 | 180934 |
| Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A4 | Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A4 | Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A4 | Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A4 |
| 3000000 | 3.778 | 09/10/58 | 2845299 |
| COMM Mortgage Trust, Series 2013-CR12, Class A4 | COMM Mortgage Trust, Series 2013-CR12, Class A4 | COMM Mortgage Trust, Series 2013-CR12, Class A4 | COMM Mortgage Trust, Series 2013-CR12, Class A4 |
| 800000 | 4.046 | 10/10/46 | 781956 |
| COMM Mortgage Trust, Series 2013-CR7, Class A4 | COMM Mortgage Trust, Series 2013-CR7, Class A4 | COMM Mortgage Trust, Series 2013-CR7, Class A4 | COMM Mortgage Trust, Series 2013-CR7, Class A4 |
| 360332 | 3.213 | 03/10/46 | 359294 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** |
| COMM Mortgage Trust, Series 2013-CR8, Class A5<sup>(a)</sup> | COMM Mortgage Trust, Series 2013-CR8, Class A5<sup>(a)</sup> | COMM Mortgage Trust, Series 2013-CR8, Class A5<sup>(a)</sup> | COMM Mortgage Trust, Series 2013-CR8, Class A5<sup>(a)</sup> |
| 695032 | 3.612% | 06/10/46 | $688661 |
| COMM Mortgage Trust, Series 2013-CR9, Class A4<sup>(a)</sup> | COMM Mortgage Trust, Series 2013-CR9, Class A4<sup>(a)</sup> | COMM Mortgage Trust, Series 2013-CR9, Class A4<sup>(a)</sup> | COMM Mortgage Trust, Series 2013-CR9, Class A4<sup>(a)</sup> |
| 294832 | 4.409 | 07/10/45 | 292084 |
| COMM Mortgage Trust, Series 2015-CR24, Class ASB | COMM Mortgage Trust, Series 2015-CR24, Class ASB | COMM Mortgage Trust, Series 2015-CR24, Class ASB | COMM Mortgage Trust, Series 2015-CR24, Class ASB |
| 283299 | 3.445 | 08/10/48 | 272017 |
| COMM Mortgage Trust, Series 2015-CR26, Class ASB | COMM Mortgage Trust, Series 2015-CR26, Class ASB | COMM Mortgage Trust, Series 2015-CR26, Class ASB | COMM Mortgage Trust, Series 2015-CR26, Class ASB |
| 556916 | 3.373 | 10/10/48 | 542865 |
| DBJPM Mortgage Trust, Series 2016-C3, Class ASB | DBJPM Mortgage Trust, Series 2016-C3, Class ASB | DBJPM Mortgage Trust, Series 2016-C3, Class ASB | DBJPM Mortgage Trust, Series 2016-C3, Class ASB |
| 267898 | 2.756 | 08/10/49 | 255962 |
| Discover Card Execution Note Trust, Series 2017-A5, Class A5<sup>(a)</sup> | Discover Card Execution Note Trust, Series 2017-A5, Class A5<sup>(a)</sup> | Discover Card Execution Note Trust, Series 2017-A5, Class A5<sup>(a)</sup> | Discover Card Execution Note Trust, Series 2017-A5, Class A5<sup>(a)</sup> |
| (1M USD LIBOR + 0.600%) | (1M USD LIBOR + 0.600%) | (1M USD LIBOR + 0.600%) | (1M USD LIBOR + 0.600%) |
| 2000000 | 4.473 | 12/15/26 | 1997935 |
| Dryden 80 CLO Ltd., Series 2022-80A, Class AR<sup>(a)(b)</sup> | Dryden 80 CLO Ltd., Series 2022-80A, Class AR<sup>(a)(b)</sup> | Dryden 80 CLO Ltd., Series 2022-80A, Class AR<sup>(a)(b)</sup> | Dryden 80 CLO Ltd., Series 2022-80A, Class AR<sup>(a)(b)</sup> |
| (3M U.S. T-Bill MMY + 1.250%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.250%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.250%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.250%) (Cayman Islands) |
| 4000000 | 5.114 | 01/17/33 | 3861964 |
| Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR<sup>(a)(b)</sup> | Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR<sup>(a)(b)</sup> | Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR<sup>(a)(b)</sup> | Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.900%) (Cayman Islands) | (3M USD LIBOR + 0.900%) (Cayman Islands) | (3M USD LIBOR + 0.900%) (Cayman Islands) | (3M USD LIBOR + 0.900%) (Cayman Islands) |
| 225195 | 4.979 | 04/15/29 | 222064 |
| Edsouth Indenture No 10 LLC, Series 2015-2, Class A<sup>(a)(b)</sup> | Edsouth Indenture No 10 LLC, Series 2015-2, Class A<sup>(a)(b)</sup> | Edsouth Indenture No 10 LLC, Series 2015-2, Class A<sup>(a)(b)</sup> | Edsouth Indenture No 10 LLC, Series 2015-2, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 1.000%) | (1M USD LIBOR + 1.000%) | (1M USD LIBOR + 1.000%) | (1M USD LIBOR + 1.000%) |
| 75248 | 5.016 | 12/25/56 | 75428 |
| Edsouth Indenture No 2 LLC, Series 2012-1, Class A1<sup>(a)(b)</sup> | Edsouth Indenture No 2 LLC, Series 2012-1, Class A1<sup>(a)(b)</sup> | Edsouth Indenture No 2 LLC, Series 2012-1, Class A1<sup>(a)(b)</sup> | Edsouth Indenture No 2 LLC, Series 2012-1, Class A1<sup>(a)(b)</sup> |
| (1M USD LIBOR + 1.150%) | (1M USD LIBOR + 1.150%) | (1M USD LIBOR + 1.150%) | (1M USD LIBOR + 1.150%) |
| 58486 | 5.166 | 09/25/40 | 58459 |
| Edsouth Indenture No 3 LLC, Series 2012-2, Class A<sup>(a)(b)</sup> | Edsouth Indenture No 3 LLC, Series 2012-2, Class A<sup>(a)(b)</sup> | Edsouth Indenture No 3 LLC, Series 2012-2, Class A<sup>(a)(b)</sup> | Edsouth Indenture No 3 LLC, Series 2012-2, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.730%) | (1M USD LIBOR + 0.730%) | (1M USD LIBOR + 0.730%) | (1M USD LIBOR + 0.730%) |
| 26671 | 4.746 | 04/25/39 | 26603 |
| Educational Funding of the South, Inc., Series 2011-1, Class A2<sup>(a)</sup> | Educational Funding of the South, Inc., Series 2011-1, Class A2<sup>(a)</sup> | Educational Funding of the South, Inc., Series 2011-1, Class A2<sup>(a)</sup> | Educational Funding of the South, Inc., Series 2011-1, Class A2<sup>(a)</sup> |
| (3M USD LIBOR + 0.650%) | (3M USD LIBOR + 0.650%) | (3M USD LIBOR + 0.650%) | (3M USD LIBOR + 0.650%) |
| 571442 | 5.008 | 04/25/35 | 565960 |
| EFS Volunteer LLC, Series 2010-1, Class A2<sup>(a)(b)</sup> | EFS Volunteer LLC, Series 2010-1, Class A2<sup>(a)(b)</sup> | EFS Volunteer LLC, Series 2010-1, Class A2<sup>(a)(b)</sup> | EFS Volunteer LLC, Series 2010-1, Class A2<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.850%) | (3M USD LIBOR + 0.850%) | (3M USD LIBOR + 0.850%) | (3M USD LIBOR + 0.850%) |
| 408650 | 5.208 | 10/25/35 | 408286 |
| Extended Stay America Trust, Series 2021-ESH, Class A<sup>(a)(b)</sup> | Extended Stay America Trust, Series 2021-ESH, Class A<sup>(a)(b)</sup> | Extended Stay America Trust, Series 2021-ESH, Class A<sup>(a)(b)</sup> | Extended Stay America Trust, Series 2021-ESH, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 1.080%) | (1M USD LIBOR + 1.080%) | (1M USD LIBOR + 1.080%) | (1M USD LIBOR + 1.080%) |
| 1415479 | 4.956 | 07/15/38 | 1375864 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** |
| Flatiron CLO 19 Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> | Flatiron CLO 19 Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> | Flatiron CLO 19 Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> | Flatiron CLO 19 Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.080%) (Cayman Islands) | (3M USD LIBOR + 1.080%) (Cayman Islands) | (3M USD LIBOR + 1.080%) (Cayman Islands) | (3M USD LIBOR + 1.080%) (Cayman Islands) |
| 1000000 | 5.724% | 11/16/34 | $972855 |
| Ford Credit Auto Owner Trust, Series 2018-2, Class A<sup>(b)</sup> | Ford Credit Auto Owner Trust, Series 2018-2, Class A<sup>(b)</sup> | Ford Credit Auto Owner Trust, Series 2018-2, Class A<sup>(b)</sup> | Ford Credit Auto Owner Trust, Series 2018-2, Class A<sup>(b)</sup> |
| 1500000 | 3.470 | 01/15/30 | 1480196 |
| Ford Credit Floorplan Master Owner Trust, Series 2018-2, Class A | Ford Credit Floorplan Master Owner Trust, Series 2018-2, Class A | Ford Credit Floorplan Master Owner Trust, Series 2018-2, Class A | Ford Credit Floorplan Master Owner Trust, Series 2018-2, Class A |
| 1000000 | 3.170 | 03/15/25 | 994296 |
| GM Financial Consumer Automobile Receivables Trust, Series 2019-4, Class A4 | GM Financial Consumer Automobile Receivables Trust, Series 2019-4, Class A4 | GM Financial Consumer Automobile Receivables Trust, Series 2019-4, Class A4 | GM Financial Consumer Automobile Receivables Trust, Series 2019-4, Class A4 |
| 3230000 | 1.760 | 01/16/25 | 3178511 |
| GMF Floorplan Owner Revolving Trust, Series 2020-2, Class A<sup>(b)</sup> | GMF Floorplan Owner Revolving Trust, Series 2020-2, Class A<sup>(b)</sup> | GMF Floorplan Owner Revolving Trust, Series 2020-2, Class A<sup>(b)</sup> | GMF Floorplan Owner Revolving Trust, Series 2020-2, Class A<sup>(b)</sup> |
| 1000000 | 0.690 | 10/15/25 | 955701 |
| Goal Capital Funding Trust, Series 2010-1, Class A<sup>(a)(b)</sup> | Goal Capital Funding Trust, Series 2010-1, Class A<sup>(a)(b)</sup> | Goal Capital Funding Trust, Series 2010-1, Class A<sup>(a)(b)</sup> | Goal Capital Funding Trust, Series 2010-1, Class A<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.700%) | (3M USD LIBOR + 0.700%) | (3M USD LIBOR + 0.700%) | (3M USD LIBOR + 0.700%) |
| 182189 | 5.457 | 08/25/48 | 174889 |
| Great Wolf Trust, Series 2019-WOLF, Class A<sup>(a)(b)</sup> | Great Wolf Trust, Series 2019-WOLF, Class A<sup>(a)(b)</sup> | Great Wolf Trust, Series 2019-WOLF, Class A<sup>(a)(b)</sup> | Great Wolf Trust, Series 2019-WOLF, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 1.034%) | (1M USD LIBOR + 1.034%) | (1M USD LIBOR + 1.034%) | (1M USD LIBOR + 1.034%) |
| 3250000 | 4.909 | 12/15/36 | 3134642 |
| GS Mortgage Securities Trust, Series 2014-GC18, Class A4 | GS Mortgage Securities Trust, Series 2014-GC18, Class A4 | GS Mortgage Securities Trust, Series 2014-GC18, Class A4 | GS Mortgage Securities Trust, Series 2014-GC18, Class A4 |
| 4500000 | 4.074 | 01/10/47 | 4376708 |
| HalseyPoint CLO 3 Ltd., Series 2020-3A, Class A1A<sup>(a)(b)</sup> | HalseyPoint CLO 3 Ltd., Series 2020-3A, Class A1A<sup>(a)(b)</sup> | HalseyPoint CLO 3 Ltd., Series 2020-3A, Class A1A<sup>(a)(b)</sup> | HalseyPoint CLO 3 Ltd., Series 2020-3A, Class A1A<sup>(a)(b)</sup> |
| (3 Mo. LIBOR + 1.450%) (Cayman Islands) | (3 Mo. LIBOR + 1.450%) (Cayman Islands) | (3 Mo. LIBOR + 1.450%) (Cayman Islands) | (3 Mo. LIBOR + 1.450%) (Cayman Islands) |
| 500000 | 5.865 | 11/30/32 | 490634 |
| Hayfin US Ltd., Series 2018-8A, Class A<sup>(a)(b)</sup> | Hayfin US Ltd., Series 2018-8A, Class A<sup>(a)(b)</sup> | Hayfin US Ltd., Series 2018-8A, Class A<sup>(a)(b)</sup> | Hayfin US Ltd., Series 2018-8A, Class A<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.120%) (Cayman Islands) | (3M USD LIBOR + 1.120%) (Cayman Islands) | (3M USD LIBOR + 1.120%) (Cayman Islands) | (3M USD LIBOR + 1.120%) (Cayman Islands) |
| 3000000 | 5.363 | 04/20/31 | 2943225 |
| Higher Education Funding I, Series 2014-1, Class A<sup>(a)(b)</sup> | Higher Education Funding I, Series 2014-1, Class A<sup>(a)(b)</sup> | Higher Education Funding I, Series 2014-1, Class A<sup>(a)(b)</sup> | Higher Education Funding I, Series 2014-1, Class A<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.050%) | (3M USD LIBOR + 1.050%) | (3M USD LIBOR + 1.050%) | (3M USD LIBOR + 1.050%) |
| 338016 | 4.047 | 05/25/34 | 337469 |
| Honda Auto Receivables Owner Trust, Series 2019-4, Class A3 | Honda Auto Receivables Owner Trust, Series 2019-4, Class A3 | Honda Auto Receivables Owner Trust, Series 2019-4, Class A3 | Honda Auto Receivables Owner Trust, Series 2019-4, Class A3 |
| 149955 | 1.830 | 01/18/24 | 149139 |
| Hyundai Auto Receivables Trust 2020-C, Series 2020-C, Class A4 | Hyundai Auto Receivables Trust 2020-C, Series 2020-C, Class A4 | Hyundai Auto Receivables Trust 2020-C, Series 2020-C, Class A4 | Hyundai Auto Receivables Trust 2020-C, Series 2020-C, Class A4 |
| 4000000 | 0.490 | 11/16/26 | 3695198 |
| Hyundai Auto Receivables Trust 2022-C, Series 2022-C, Class A3 | Hyundai Auto Receivables Trust 2022-C, Series 2022-C, Class A3 | Hyundai Auto Receivables Trust 2022-C, Series 2022-C, Class A3 | Hyundai Auto Receivables Trust 2022-C, Series 2022-C, Class A3 |
| 3625000 | 5.390 | 06/15/27 | 3654853 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** |
| ICG US CLO Ltd., Series 2018-1A, Class A1R<sup>(a)(b)</sup> | ICG US CLO Ltd., Series 2018-1A, Class A1R<sup>(a)(b)</sup> | ICG US CLO Ltd., Series 2018-1A, Class A1R<sup>(a)(b)</sup> | ICG US CLO Ltd., Series 2018-1A, Class A1R<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.140%) (Cayman Islands) | (3M USD LIBOR + 1.140%) (Cayman Islands) | (3M USD LIBOR + 1.140%) (Cayman Islands) |  |
| 676214 | 5.367% | 10/19/28 | $667225 |
| JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class ASB | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class ASB | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class ASB | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class ASB |
| 38942 | 2.702 | 12/15/47 | 38863 |
| JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C13, Class A4<sup>(a)</sup> | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C13, Class A4<sup>(a)</sup> | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C13, Class A4<sup>(a)</sup> | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C13, Class A4<sup>(a)</sup> |
| 582436 | 3.994 | 01/15/46 | 578493 |
| JPMBB Commercial Mortgage Securities Trust, Series 2013-C12,<br>Class A5 | JPMBB Commercial Mortgage Securities Trust, Series 2013-C12,<br>Class A5 | JPMBB Commercial Mortgage Securities Trust, Series 2013-C12,<br>Class A5 | JPMBB Commercial Mortgage Securities Trust, Series 2013-C12,<br>Class A5 |
| 2529000 | 3.664 | 07/15/45 | 2494051 |
| JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class ASB | JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class ASB | JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class ASB | JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class ASB |
| 162545 | 3.566 | 02/15/47 | 160369 |
| KKR Industrial Portfolio Trust, Series 2021-KDIP, Class A<sup>(a)(b)</sup> | KKR Industrial Portfolio Trust, Series 2021-KDIP, Class A<sup>(a)(b)</sup> | KKR Industrial Portfolio Trust, Series 2021-KDIP, Class A<sup>(a)(b)</sup> | KKR Industrial Portfolio Trust, Series 2021-KDIP, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.550%) | (1M USD LIBOR + 0.550%) | (1M USD LIBOR + 0.550%) | (1M USD LIBOR + 0.550%) |
| 409014 | 4.425 | 12/15/37 | 396969 |
| KnowledgeWorks Foundation, Series 2010-1, Class A<sup>(a)</sup> | KnowledgeWorks Foundation, Series 2010-1, Class A<sup>(a)</sup> | KnowledgeWorks Foundation, Series 2010-1, Class A<sup>(a)</sup> | KnowledgeWorks Foundation, Series 2010-1, Class A<sup>(a)</sup> |
| (3M USD LIBOR + 0.950%) | (3M USD LIBOR + 0.950%) | (3M USD LIBOR + 0.950%) | (3M USD LIBOR + 0.950%) |
| 202067 | 5.707 | 02/25/42 | 199646 |
| LCM XV LP, Series 2021-15A, Class AR2<sup>(a)(b)</sup> | LCM XV LP, Series 2021-15A, Class AR2<sup>(a)(b)</sup> | LCM XV LP, Series 2021-15A, Class AR2<sup>(a)(b)</sup> | LCM XV LP, Series 2021-15A, Class AR2<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.000%) (Cayman Islands) | (3M USD LIBOR + 1.000%) (Cayman Islands) | (3M USD LIBOR + 1.000%) (Cayman Islands) | (3M USD LIBOR + 1.000%) (Cayman Islands) |
| 2215276 | 5.243 | 07/20/30 | 2177082 |
| LCM XX LP, Series 2018-20A, Class AR<sup>(a)(b)</sup> | LCM XX LP, Series 2018-20A, Class AR<sup>(a)(b)</sup> | LCM XX LP, Series 2018-20A, Class AR<sup>(a)(b)</sup> | LCM XX LP, Series 2018-20A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.040%) (Cayman Islands) | (3M USD LIBOR + 1.040%) (Cayman Islands) | (3M USD LIBOR + 1.040%) (Cayman Islands) | (3M USD LIBOR + 1.040%) (Cayman Islands) |
| 567772 | 5.283 | 10/20/27 | 563098 |
| Madison Park Funding Ltd., Series 2021-37A, Class AR<sup>(a)(b)</sup> | Madison Park Funding Ltd., Series 2021-37A, Class AR<sup>(a)(b)</sup> | Madison Park Funding Ltd., Series 2021-37A, Class AR<sup>(a)(b)</sup> | Madison Park Funding Ltd., Series 2021-37A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.070%) (Cayman Islands) | (3M USD LIBOR + 1.070%) (Cayman Islands) | (3M USD LIBOR + 1.070%) (Cayman Islands) | (3M USD LIBOR + 1.070%) (Cayman Islands) |
| 1500000 | 5.149 | 07/15/33 | 1466844 |
| Madison Park Funding XLI Ltd., Series 2017-12A, Class AR<sup>(a)(b)</sup> | Madison Park Funding XLI Ltd., Series 2017-12A, Class AR<sup>(a)(b)</sup> | Madison Park Funding XLI Ltd., Series 2017-12A, Class AR<sup>(a)(b)</sup> | Madison Park Funding XLI Ltd., Series 2017-12A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.830%) (Cayman Islands) | (3M USD LIBOR + 0.830%) (Cayman Islands) | (3M USD LIBOR + 0.830%) (Cayman Islands) | (3M USD LIBOR + 0.830%) (Cayman Islands) |
| 221669 | 5.155 | 04/22/27 | 219210 |
| Marathon CLO Ltd., Series 2021-1A, Class AANR<sup>(a)(b)</sup> | Marathon CLO Ltd., Series 2021-1A, Class AANR<sup>(a)(b)</sup> | Marathon CLO Ltd., Series 2021-1A, Class AANR<sup>(a)(b)</sup> | Marathon CLO Ltd., Series 2021-1A, Class AANR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) |
| 2200000 | 5.399 | 04/15/32 | 2150410 |
| Master Credit Card Trust, Series 2021-1A, Class A<sup>(b)</sup> | Master Credit Card Trust, Series 2021-1A, Class A<sup>(b)</sup> | Master Credit Card Trust, Series 2021-1A, Class A<sup>(b)</sup> | Master Credit Card Trust, Series 2021-1A, Class A<sup>(b)</sup> |
| (Canada) | (Canada) | (Canada) | (Canada) |
| 1400000 | 0.530 | 11/21/25 | 1303009 |
| Mercedes-Benz Auto Lease Trust 2021-B, Series 2021-B, Class A3 | Mercedes-Benz Auto Lease Trust 2021-B, Series 2021-B, Class A3 | Mercedes-Benz Auto Lease Trust 2021-B, Series 2021-B, Class A3 | Mercedes-Benz Auto Lease Trust 2021-B, Series 2021-B, Class A3 |
| 850000 | 0.400 | 11/15/24 | 821351 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** |
| Mercedes-Benz Auto Receivables Trust 2022-1, Series 2022-1, Class A2 | Mercedes-Benz Auto Receivables Trust 2022-1, Series 2022-1, Class A2 | Mercedes-Benz Auto Receivables Trust 2022-1, Series 2022-1, Class A2 | Mercedes-Benz Auto Receivables Trust 2022-1, Series 2022-1, Class A2 |
| 1000000 | 5.260% | 10/15/25 | $999758 |
| Morgan Stanley Capital I Trust, Series 2016-BNK2, Class ASB | Morgan Stanley Capital I Trust, Series 2016-BNK2, Class ASB | Morgan Stanley Capital I Trust, Series 2016-BNK2, Class ASB | Morgan Stanley Capital I Trust, Series 2016-BNK2, Class ASB |
| 563354 | 2.860 | 11/15/49 | 538936 |
| Navient Student Loan Trust, Series 2016-6A, Class A2<sup>(a)(b)</sup> | Navient Student Loan Trust, Series 2016-6A, Class A2<sup>(a)(b)</sup> | Navient Student Loan Trust, Series 2016-6A, Class A2<sup>(a)(b)</sup> | Navient Student Loan Trust, Series 2016-6A, Class A2<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.750%) | (1M USD LIBOR + 0.750%) | (1M USD LIBOR + 0.750%) | (1M USD LIBOR + 0.750%) |
| 122145 | 4.766 | 03/25/66 | 122103 |
| Nelnet Student Loan Trust, Series 2014-2A, Class A2<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2014-2A, Class A2<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2014-2A, Class A2<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2014-2A, Class A2<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.600%) | (1M USD LIBOR + 0.600%) | (1M USD LIBOR + 0.600%) | (1M USD LIBOR + 0.600%) |
| 164581 | 4.616 | 03/25/30 | 164490 |
| Nelnet Student Loan Trust, Series 2014-4A, Class A1<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2014-4A, Class A1<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2014-4A, Class A1<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2014-4A, Class A1<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.540%) | (1M USD LIBOR + 0.540%) | (1M USD LIBOR + 0.540%) | (1M USD LIBOR + 0.540%) |
| 168239 | 4.556 | 11/27/39 | 167189 |
| Nelnet Student Loan Trust, Series 2016-1A, Class A<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2016-1A, Class A<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2016-1A, Class A<sup>(a)(b)</sup> | Nelnet Student Loan Trust, Series 2016-1A, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.800%) | (1M USD LIBOR + 0.800%) | (1M USD LIBOR + 0.800%) | (1M USD LIBOR + 0.800%) |
| 401654 | 4.816 | 09/25/65 | 399592 |
| Northstar Education Finance, Inc., Series 2012-1, Class A<sup>(a)(b)</sup> | Northstar Education Finance, Inc., Series 2012-1, Class A<sup>(a)(b)</sup> | Northstar Education Finance, Inc., Series 2012-1, Class A<sup>(a)(b)</sup> | Northstar Education Finance, Inc., Series 2012-1, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) |
| 70298 | 4.716 | 12/26/31 | 69788 |
| NorthStar Student Loan Trust III, Series 2016-1, Class A<sup>(a)(b)</sup> | NorthStar Student Loan Trust III, Series 2016-1, Class A<sup>(a)(b)</sup> | NorthStar Student Loan Trust III, Series 2016-1, Class A<sup>(a)(b)</sup> | NorthStar Student Loan Trust III, Series 2016-1, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 1.250%) | (1M USD LIBOR + 1.250%) | (1M USD LIBOR + 1.250%) | (1M USD LIBOR + 1.250%) |
| 740173 | 5.266 | 05/27/36 | 741031 |
| ONE PARK Mortgage Trust, Series 2021-PARK, Class A<sup>(a)(b)</sup> | ONE PARK Mortgage Trust, Series 2021-PARK, Class A<sup>(a)(b)</sup> | ONE PARK Mortgage Trust, Series 2021-PARK, Class A<sup>(a)(b)</sup> | ONE PARK Mortgage Trust, Series 2021-PARK, Class A<sup>(a)(b)</sup> |
| (1M U.S. T-Bill MMY + 0.700%) | (1M U.S. T-Bill MMY + 0.700%) | (1M U.S. T-Bill MMY + 0.700%) | (1M U.S. T-Bill MMY + 0.700%) |
| 908000 | 4.608 | 03/15/36 | 865241 |
| OZLM Ltd., Series 2017-11A, Class A1R<sup>(a)(b)</sup> | OZLM Ltd., Series 2017-11A, Class A1R<sup>(a)(b)</sup> | OZLM Ltd., Series 2017-11A, Class A1R<sup>(a)(b)</sup> | OZLM Ltd., Series 2017-11A, Class A1R<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.250%) (Cayman Islands) | (3M USD LIBOR + 1.250%) (Cayman Islands) | (3M USD LIBOR + 1.250%) (Cayman Islands) | (3M USD LIBOR + 1.250%) (Cayman Islands) |
| 247297 | 5.665 | 10/30/30 | 242890 |
| Pennsylvania Higher Education Assistance Agency, Series 2009-1,<br>Class A1<sup>(a)</sup> | Pennsylvania Higher Education Assistance Agency, Series 2009-1,<br>Class A1<sup>(a)</sup> | Pennsylvania Higher Education Assistance Agency, Series 2009-1,<br>Class A1<sup>(a)</sup> | Pennsylvania Higher Education Assistance Agency, Series 2009-1,<br>Class A1<sup>(a)</sup> |
| (3M USD LIBOR + 0.900%) | (3M USD LIBOR + 0.900%) | (3M USD LIBOR + 0.900%) | (3M USD LIBOR + 0.900%) |
| 27537 | 5.258 | 07/25/29 | 27549 |
| Regata Funding Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> | Regata Funding Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> | Regata Funding Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> | Regata Funding Ltd., Series 2021-1A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.100%) (Cayman Islands) | (3M USD LIBOR + 1.100%) (Cayman Islands) | (3M USD LIBOR + 1.100%) (Cayman Islands) | (3M USD LIBOR + 1.100%) (Cayman Islands) |
| 2000000 | 5.179 | 10/15/32 | 1947270 |
| Rhode Island Student Loan Authority, Series 2012-1, Class A1<sup>(a)</sup> | Rhode Island Student Loan Authority, Series 2012-1, Class A1<sup>(a)</sup> | Rhode Island Student Loan Authority, Series 2012-1, Class A1<sup>(a)</sup> | Rhode Island Student Loan Authority, Series 2012-1, Class A1<sup>(a)</sup> |
| (1M USD LIBOR + 0.900%) | (1M USD LIBOR + 0.900%) | (1M USD LIBOR + 0.900%) | (1M USD LIBOR + 0.900%) |
| 737018 | 5.020 | 07/01/31 | 736325 |
| Rhode Island Student Loan Authority, Series 2014-1, Class A1<sup>(a)</sup> | Rhode Island Student Loan Authority, Series 2014-1, Class A1<sup>(a)</sup> | Rhode Island Student Loan Authority, Series 2014-1, Class A1<sup>(a)</sup> | Rhode Island Student Loan Authority, Series 2014-1, Class A1<sup>(a)</sup> |
| (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) | (1M USD LIBOR + 0.700%) |
| 103187 | 4.820 | 10/02/28 | 102727 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** |
| Shackleton 2015-VIII CLO Ltd., Series 2017-8A, Class A2R<sup>(a)(b)</sup> | Shackleton 2015-VIII CLO Ltd., Series 2017-8A, Class A2R<sup>(a)(b)</sup> | Shackleton 2015-VIII CLO Ltd., Series 2017-8A, Class A2R<sup>(a)(b)</sup> | Shackleton 2015-VIII CLO Ltd., Series 2017-8A, Class A2R<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.920%) (Cayman Islands) | (3M USD LIBOR + 0.920%) (Cayman Islands) | (3M USD LIBOR + 0.920%) (Cayman Islands) | (3M USD LIBOR + 0.920%) (Cayman Islands) |
| 211273 | 5.163% | 10/20/27 | $209294 |
| SLC Student Loan Trust, Series 2003-14, Class A6<sup>(a)</sup> | SLC Student Loan Trust, Series 2003-14, Class A6<sup>(a)</sup> | SLC Student Loan Trust, Series 2003-14, Class A6<sup>(a)</sup> | SLC Student Loan Trust, Series 2003-14, Class A6<sup>(a)</sup> |
| (3M USD LIBOR + 0.300%) | (3M USD LIBOR + 0.300%) | (3M USD LIBOR + 0.300%) | (3M USD LIBOR + 0.300%) |
| 23316 | 4.658 | 07/25/25 | 23303 |
| SLC Student Loan Trust, Series 2005-3, Class A3<sup>(a)</sup> | SLC Student Loan Trust, Series 2005-3, Class A3<sup>(a)</sup> | SLC Student Loan Trust, Series 2005-3, Class A3<sup>(a)</sup> | SLC Student Loan Trust, Series 2005-3, Class A3<sup>(a)</sup> |
| (3M USD LIBOR + 0.120%) | (3M USD LIBOR + 0.120%) | (3M USD LIBOR + 0.120%) | (3M USD LIBOR + 0.120%) |
| 189963 | 3.413 | 06/15/29 | 189385 |
| SLC Student Loan Trust, Series 2005-5, Class A4<sup>(a)</sup> | SLC Student Loan Trust, Series 2005-5, Class A4<sup>(a)</sup> | SLC Student Loan Trust, Series 2005-5, Class A4<sup>(a)</sup> | SLC Student Loan Trust, Series 2005-5, Class A4<sup>(a)</sup> |
| (3M USD LIBOR + 0.140%) | (3M USD LIBOR + 0.140%) | (3M USD LIBOR + 0.140%) | (3M USD LIBOR + 0.140%) |
| 317341 | 4.498 | 10/25/28 | 313244 |
| SLC Student Loan Trust, Series 2007-1, Class A4<sup>(a)</sup> | SLC Student Loan Trust, Series 2007-1, Class A4<sup>(a)</sup> | SLC Student Loan Trust, Series 2007-1, Class A4<sup>(a)</sup> | SLC Student Loan Trust, Series 2007-1, Class A4<sup>(a)</sup> |
| (3M USD LIBOR + 0.060%) | (3M USD LIBOR + 0.060%) | (3M USD LIBOR + 0.060%) | (3M USD LIBOR + 0.060%) |
| 1200712 | 4.666 | 05/15/29 | 1159445 |
| SLC Student Loan Trust, Series 2010-1, Class A<sup>(a)</sup> | SLC Student Loan Trust, Series 2010-1, Class A<sup>(a)</sup> | SLC Student Loan Trust, Series 2010-1, Class A<sup>(a)</sup> | SLC Student Loan Trust, Series 2010-1, Class A<sup>(a)</sup> |
| (3M USD LIBOR + 0.875%) | (3M USD LIBOR + 0.875%) | (3M USD LIBOR + 0.875%) | (3M USD LIBOR + 0.875%) |
| 264292 | 5.574 | 11/25/42 | 260959 |
| SLM Student Loan Trust, Series 2003-11, Class A6<sup>(a)(b)</sup> | SLM Student Loan Trust, Series 2003-11, Class A6<sup>(a)(b)</sup> | SLM Student Loan Trust, Series 2003-11, Class A6<sup>(a)(b)</sup> | SLM Student Loan Trust, Series 2003-11, Class A6<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.550%) | (3M USD LIBOR + 0.550%) | (3M USD LIBOR + 0.550%) | (3M USD LIBOR + 0.550%) |
| 9543 | 3.843 | 12/15/25 | 9537 |
| SLM Student Loan Trust, Series 2005-7, Class A4<sup>(a)</sup> | SLM Student Loan Trust, Series 2005-7, Class A4<sup>(a)</sup> | SLM Student Loan Trust, Series 2005-7, Class A4<sup>(a)</sup> | SLM Student Loan Trust, Series 2005-7, Class A4<sup>(a)</sup> |
| (3M USD LIBOR + 0.150%) | (3M USD LIBOR + 0.150%) | (3M USD LIBOR + 0.150%) | (3M USD LIBOR + 0.150%) |
| 114204 | 4.508 | 10/25/29 | 113771 |
| SLM Student Loan Trust, Series 2018-10, Class A7B<sup>(a)(b)</sup> | SLM Student Loan Trust, Series 2018-10, Class A7B<sup>(a)(b)</sup> | SLM Student Loan Trust, Series 2018-10, Class A7B<sup>(a)(b)</sup> | SLM Student Loan Trust, Series 2018-10, Class A7B<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.600%) | (3M USD LIBOR + 0.600%) | (3M USD LIBOR + 0.600%) | (3M USD LIBOR + 0.600%) |
| 91931 | 4.958 | 10/25/29 | 91486 |
| SOUND POINT CLO XXII Ltd., Series 2019-1A, Class AR<sup>(a)(b)</sup> | SOUND POINT CLO XXII Ltd., Series 2019-1A, Class AR<sup>(a)(b)</sup> | SOUND POINT CLO XXII Ltd., Series 2019-1A, Class AR<sup>(a)(b)</sup> | SOUND POINT CLO XXII Ltd., Series 2019-1A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.080%) (Cayman Islands) | (3M USD LIBOR + 1.080%) (Cayman Islands) | (3M USD LIBOR + 1.080%) (Cayman Islands) | (3M USD LIBOR + 1.080%) (Cayman Islands) |
| 600000 | 5.323 | 01/20/32 | 585215 |
| South Carolina Student Loan Corp., Series 2014-1, Class A1<sup>(a)</sup> | South Carolina Student Loan Corp., Series 2014-1, Class A1<sup>(a)</sup> | South Carolina Student Loan Corp., Series 2014-1, Class A1<sup>(a)</sup> | South Carolina Student Loan Corp., Series 2014-1, Class A1<sup>(a)</sup> |
| (1M USD LIBOR + 0.750%) | (1M USD LIBOR + 0.750%) | (1M USD LIBOR + 0.750%) | (1M USD LIBOR + 0.750%) |
| 37648 | 4.518 | 05/01/30 | 37613 |
| State of Illinois | State of Illinois | State of Illinois | State of Illinois |
| 567273 | 4.950 | 06/01/23 | 567098 |
| STWD Trust, Series 2021-FLWR, Class A<sup>(a)(b)</sup> | STWD Trust, Series 2021-FLWR, Class A<sup>(a)(b)</sup> | STWD Trust, Series 2021-FLWR, Class A<sup>(a)(b)</sup> | STWD Trust, Series 2021-FLWR, Class A<sup>(a)(b)</sup> |
| (1M USD LIBOR + 0.577%) | (1M USD LIBOR + 0.577%) | (1M USD LIBOR + 0.577%) | (1M USD LIBOR + 0.577%) |
| 1350000 | 4.452 | 07/15/36 | 1290864 |
| TCW CLO 2019-2 Ltd., Series 2022-2A, Class A1R<sup>(a)(b)</sup> | TCW CLO 2019-2 Ltd., Series 2022-2A, Class A1R<sup>(a)(b)</sup> | TCW CLO 2019-2 Ltd., Series 2022-2A, Class A1R<sup>(a)(b)</sup> | TCW CLO 2019-2 Ltd., Series 2022-2A, Class A1R<sup>(a)(b)</sup> |
| (3M U.S. T-Bill MMY + 1.280%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.280%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.280%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.280%) (Cayman Islands) |
| 3500000 | 5.243 | 10/20/32 | 3402042 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** | **Asset- Backed Securities – (continued)** |
| TCW CLO AMR Ltd., Series 2021-1A, Class ASNR<sup>(a)(b)</sup> | TCW CLO AMR Ltd., Series 2021-1A, Class ASNR<sup>(a)(b)</sup> | TCW CLO AMR Ltd., Series 2021-1A, Class ASNR<sup>(a)(b)</sup> | TCW CLO AMR Ltd., Series 2021-1A, Class ASNR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.220%) (Cayman Islands) | (3M USD LIBOR + 1.220%) (Cayman Islands) | (3M USD LIBOR + 1.220%) (Cayman Islands) | (3M USD LIBOR + 1.220%) (Cayman Islands) |
| 1100000 | 5.864% | 08/16/34 | $1044975 |
| TCW CLO Ltd., Series 2022-1A, Class A1<sup>(a)(b)</sup> | TCW CLO Ltd., Series 2022-1A, Class A1<sup>(a)(b)</sup> | TCW CLO Ltd., Series 2022-1A, Class A1<sup>(a)(b)</sup> | TCW CLO Ltd., Series 2022-1A, Class A1<sup>(a)(b)</sup> |
| (3M U.S. T-Bill MMY + 1.340%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.340%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.340%) (Cayman Islands) | (3M U.S. T-Bill MMY + 1.340%) (Cayman Islands) |
| 3500000 | 5.400 | 04/22/33 | 3398090 |
| Toyota Auto Receivables 2022-D Owner Trust, Series 2022-D, Class A3 | Toyota Auto Receivables 2022-D Owner Trust, Series 2022-D, Class A3 | Toyota Auto Receivables 2022-D Owner Trust, Series 2022-D, Class A3 | Toyota Auto Receivables 2022-D Owner Trust, Series 2022-D, Class A3 |
| 1825000 | 5.300 | 09/15/27 | 1843340 |
| Tralee CLO II Ltd., Series 2017-1A, Class AR<sup>(a)(b)</sup> | Tralee CLO II Ltd., Series 2017-1A, Class AR<sup>(a)(b)</sup> | Tralee CLO II Ltd., Series 2017-1A, Class AR<sup>(a)(b)</sup> | Tralee CLO II Ltd., Series 2017-1A, Class AR<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) |
| 313923 | 5.563 | 07/20/29 | 309616 |
| Trimaran Cavu Ltd., Series 2021-1A, Class A<sup>(a)(b)</sup> | Trimaran Cavu Ltd., Series 2021-1A, Class A<sup>(a)(b)</sup> | Trimaran Cavu Ltd., Series 2021-1A, Class A<sup>(a)(b)</sup> | Trimaran Cavu Ltd., Series 2021-1A, Class A<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.210%) (Cayman Islands) | (3M USD LIBOR + 1.210%) (Cayman Islands) | (3M USD LIBOR + 1.210%) (Cayman Islands) | (3M USD LIBOR + 1.210%) (Cayman Islands) |
| 1000000 | 5.535 | 04/23/32 | 976048 |
| Trysail CLO Ltd., Series 2021-1A, Class A1<sup>(a)(b)</sup> | Trysail CLO Ltd., Series 2021-1A, Class A1<sup>(a)(b)</sup> | Trysail CLO Ltd., Series 2021-1A, Class A1<sup>(a)(b)</sup> | Trysail CLO Ltd., Series 2021-1A, Class A1<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) | (3M USD LIBOR + 1.320%) (Cayman Islands) |
| 3000000 | 5.563 | 07/20/32 | 2921121 |
| Voya CLO 2019-2 Ltd., Series 2019-2A, Class A<sup>(a)(b)</sup> | Voya CLO 2019-2 Ltd., Series 2019-2A, Class A<sup>(a)(b)</sup> | Voya CLO 2019-2 Ltd., Series 2019-2A, Class A<sup>(a)(b)</sup> | Voya CLO 2019-2 Ltd., Series 2019-2A, Class A<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.270%) (Cayman Islands) | (3M USD LIBOR + 1.270%) (Cayman Islands) | (3M USD LIBOR + 1.270%) (Cayman Islands) | (3M USD LIBOR + 1.270%) (Cayman Islands) |
| 700000 | 5.513 | 07/20/32 | 685450 |
| Voya CLO Ltd., Series 2015-1A, Class A1R<sup>(a)(b)</sup> | Voya CLO Ltd., Series 2015-1A, Class A1R<sup>(a)(b)</sup> | Voya CLO Ltd., Series 2015-1A, Class A1R<sup>(a)(b)</sup> | Voya CLO Ltd., Series 2015-1A, Class A1R<sup>(a)(b)</sup> |
| (3M USD LIBOR + 0.900%) (Cayman Islands) | (3M USD LIBOR + 0.900%) (Cayman Islands) | (3M USD LIBOR + 0.900%) (Cayman Islands) | (3M USD LIBOR + 0.900%) (Cayman Islands) |
| 198205 | 5.094 | 01/18/29 | 195610 |
| Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class ASB | Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class ASB | Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class ASB | Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class ASB |
| 83882 | 3.487 | 11/15/48 | 81339 |
| Zais CLO Ltd., Series 2021-15A, Class A1R<sup>(a)(b)</sup> | Zais CLO Ltd., Series 2021-15A, Class A1R<sup>(a)(b)</sup> | Zais CLO Ltd., Series 2021-15A, Class A1R<sup>(a)(b)</sup> | Zais CLO Ltd., Series 2021-15A, Class A1R<sup>(a)(b)</sup> |
| (3M USD LIBOR + 1.350%) (Cayman Islands) | (3M USD LIBOR + 1.350%) (Cayman Islands) | (3M USD LIBOR + 1.350%) (Cayman Islands) | (3M USD LIBOR + 1.350%) (Cayman Islands) |
| 1000000 | 5.724 | 07/28/32 | 977169 |
| **TOTAL ASSET- BACKED SECURITIES<br>(Cost $110,246,092)** | **TOTAL ASSET- BACKED SECURITIES<br>(Cost $110,246,092)** | **TOTAL ASSET- BACKED SECURITIES<br>(Cost $110,246,092)** | $107442768 |
| **Mortgage-Backed Securities – 20.5%** | **Mortgage-Backed Securities – 20.5%** | **Mortgage-Backed Securities – 20.5%** | **Mortgage-Backed Securities – 20.5%** |
| FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.803%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.803%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.803%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.803%) |
| 3914084 | 3.316% | 10/01/43 | $3936679 |
| FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.618%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.618%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.618%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.618%) |
| 7795001 | 3.172 | 01/01/46 | 7830155 |
| FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.778%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.778%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.778%) | FHLMC REMIC <sup>(a)</sup> (12M USD LIBOR + 1.778%) |
| 726325 | 3.508 | 10/01/44 | 727133 |
| FHLMC REMIC Series 2003-2682, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.900%) | FHLMC REMIC Series 2003-2682, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.900%) | FHLMC REMIC Series 2003-2682, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.900%) | FHLMC REMIC Series 2003-2682, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.900%) |
| 170425 | 4.773 | 10/15/33 | 171938 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** |
| FHLMC REMIC Series 2003-2711, Class FA<sup>(a)</sup> (1M USD LIBOR + 1.000%) | FHLMC REMIC Series 2003-2711, Class FA<sup>(a)</sup> (1M USD LIBOR + 1.000%) | FHLMC REMIC Series 2003-2711, Class FA<sup>(a)</sup> (1M USD LIBOR + 1.000%) | FHLMC REMIC Series 2003-2711, Class FA<sup>(a)</sup> (1M USD LIBOR + 1.000%) |
| 178100 | 4.873% | 11/15/33 | $181425 |
| FHLMC REMIC Series 2005-3033, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2005-3033, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2005-3033, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2005-3033, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 507649 | 4.223 | 09/15/35 | 503063 |
| FHLMC REMIC Series 2007-3298, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.420%) | FHLMC REMIC Series 2007-3298, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.420%) | FHLMC REMIC Series 2007-3298, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.420%) | FHLMC REMIC Series 2007-3298, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.420%) |
| 151355 | 4.293 | 04/15/37 | 149514 |
| FHLMC REMIC Series 2007-3314, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2007-3314, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2007-3314, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2007-3314, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 23718 | 4.273 | 12/15/36 | 23516 |
| FHLMC REMIC Series 2007-3316, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2007-3316, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2007-3316, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2007-3316, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 586127 | 4.173 | 08/15/35 | 580319 |
| FHLMC REMIC Series 2007-3371, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FHLMC REMIC Series 2007-3371, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FHLMC REMIC Series 2007-3371, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FHLMC REMIC Series 2007-3371, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.600%) |
| 112869 | 4.473 | 09/15/37 | 112685 |
| FHLMC REMIC Series 2009-3593, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FHLMC REMIC Series 2009-3593, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FHLMC REMIC Series 2009-3593, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FHLMC REMIC Series 2009-3593, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.600%) |
| 1292002 | 4.473 | 02/15/36 | 1300447 |
| FHLMC REMIC Series 2011-3895, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2011-3895, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2011-3895, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2011-3895, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 66942 | 4.223 | 12/15/40 | 66839 |
| FHLMC REMIC Series 2012-4040, Class FW<sup>(a)</sup> (1M USD LIBOR + 0.370%) | FHLMC REMIC Series 2012-4040, Class FW<sup>(a)</sup> (1M USD LIBOR + 0.370%) | FHLMC REMIC Series 2012-4040, Class FW<sup>(a)</sup> (1M USD LIBOR + 0.370%) | FHLMC REMIC Series 2012-4040, Class FW<sup>(a)</sup> (1M USD LIBOR + 0.370%) |
| 384869 | 4.243 | 05/15/32 | 381569 |
| FHLMC REMIC Series 2012-4057, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2012-4057, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2012-4057, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2012-4057, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 776796 | 4.323 | 06/15/42 | 768219 |
| FHLMC REMIC Series 2012-4068, Class UF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2012-4068, Class UF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2012-4068, Class UF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2012-4068, Class UF<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 196321 | 4.373 | 06/15/42 | 193943 |
| FHLMC REMIC Series 2012-4098, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2012-4098, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2012-4098, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2012-4098, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 185755 | 4.173 | 11/15/41 | 184454 |
| FHLMC REMIC Series 2012-4107, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2012-4107, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2012-4107, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2012-4107, Class MF<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 1660491 | 4.273 | 09/15/42 | 1632263 |
| FHLMC REMIC Series 2012-4126, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2012-4126, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2012-4126, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2012-4126, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 2056693 | 4.273 | 11/15/42 | 2019716 |
| FHLMC REMIC Series 2013-4203, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.250%) | FHLMC REMIC Series 2013-4203, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.250%) | FHLMC REMIC Series 2013-4203, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.250%) | FHLMC REMIC Series 2013-4203, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.250%) |
| 1123432 | 4.123 | 05/15/43 | 1104773 |
| FHLMC REMIC Series 2013-4215, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2013-4215, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2013-4215, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2013-4215, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 760061 | 4.223 | 06/15/43 | 746288 |
| FHLMC REMIC Series 2013-4240, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2013-4240, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2013-4240, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2013-4240, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 2614175 | 4.373 | 08/15/43 | 2579360 |
| FHLMC REMIC Series 2013-4248, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2013-4248, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2013-4248, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2013-4248, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 83104 | 4.323 | 05/15/41 | 82499 |
| FHLMC REMIC Series 2013-4263, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2013-4263, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2013-4263, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2013-4263, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 61964 | 4.273 | 11/15/43 | 61033 |
| FHLMC REMIC Series 2013-4272, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2013-4272, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2013-4272, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2013-4272, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 67031 | 4.223 | 11/15/43 | 65807 |
| FHLMC REMIC Series 2017-4678, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2017-4678, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2017-4678, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2017-4678, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 1922306 | 2.951 | 12/15/42 | 1903685 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** |
| FHLMC REMIC Series 2017-4719, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2017-4719, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2017-4719, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC REMIC Series 2017-4719, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 3214520 | 4.223% | 09/15/47 | $3163152 |
| FHLMC REMIC Series 2018-4787, Class ZS | FHLMC REMIC Series 2018-4787, Class ZS | FHLMC REMIC Series 2018-4787, Class ZS | FHLMC REMIC Series 2018-4787, Class ZS |
| 845298 | 5.000 | 07/01/48 | 855429 |
| FHLMC REMIC Series 2018-4818, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2018-4818, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2018-4818, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC REMIC Series 2018-4818, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 214867 | 4.173 | 04/15/48 | 209353 |
| FHLMC REMIC Series 2018-4852, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2018-4852, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2018-4852, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2018-4852, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 1427948 | 4.273 | 12/15/48 | 1404732 |
| FHLMC REMIC Series 2019-4897, Class F<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2019-4897, Class F<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2019-4897, Class F<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2019-4897, Class F<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 1190612 | 4.273 | 07/15/49 | 1175054 |
| FHLMC REMIC Series 2019-4903, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2019-4903, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2019-4903, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FHLMC REMIC Series 2019-4903, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 180057 | 4.323 | 09/15/48 | 176674 |
| FHLMC REMIC Series 2019-4906, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2019-4906, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2019-4906, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2019-4906, Class NF<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 1673364 | 3.210 | 03/15/38 | 1637129 |
| FHLMC REMIC Series 2019-4942, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2019-4942, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2019-4942, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FHLMC REMIC Series 2019-4942, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 1119593 | 4.516 | 01/25/50 | 1094786 |
| FHLMC REMIC Series 2020-5002, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2020-5002, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2020-5002, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FHLMC REMIC Series 2020-5002, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 195117 | 4.416 | 07/25/50 | 191425 |
| FHLMC REMIC Series 2020-5031, Class FA<sup>(a)</sup> (SOFR + 0.300%) | FHLMC REMIC Series 2020-5031, Class FA<sup>(a)</sup> (SOFR + 0.300%) | FHLMC REMIC Series 2020-5031, Class FA<sup>(a)</sup> (SOFR + 0.300%) | FHLMC REMIC Series 2020-5031, Class FA<sup>(a)</sup> (SOFR + 0.300%) |
| 2530849 | 3.518 | 08/15/43 | 2455444 |
| FHLMC STRIPS Series 2006-239, Class F22<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC STRIPS Series 2006-239, Class F22<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC STRIPS Series 2006-239, Class F22<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FHLMC STRIPS Series 2006-239, Class F22<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 169940 | 4.223 | 08/15/36 | 168412 |
| FHLMC STRIPS Series 2006-239, Class F30<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC STRIPS Series 2006-239, Class F30<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC STRIPS Series 2006-239, Class F30<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FHLMC STRIPS Series 2006-239, Class F30<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 424849 | 4.173 | 08/15/36 | 421220 |
| FNMA REMIC Series 2002-53, Class FY<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2002-53, Class FY<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2002-53, Class FY<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2002-53, Class FY<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 210255 | 4.516 | 08/25/32 | 210431 |
| FNMA REMIC Series 2004-54, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2004-54, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2004-54, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2004-54, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 119745 | 4.416 | 07/25/34 | 119666 |
| FNMA REMIC Series 2004-54, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2004-54, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2004-54, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2004-54, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 279867 | 4.466 | 07/25/34 | 279459 |
| FNMA REMIC Series 2005-103, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2005-103, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2005-103, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2005-103, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 8687822 | 4.516 | 07/25/35 | 8693767 |
| FNMA REMIC Series 2005-120, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.520%) | FNMA REMIC Series 2005-120, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.520%) | FNMA REMIC Series 2005-120, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.520%) | FNMA REMIC Series 2005-120, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.520%) |
| 432743 | 4.536 | 01/25/36 | 431356 |
| FNMA REMIC Series 2005-87, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2005-87, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2005-87, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2005-87, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 444486 | 4.466 | 10/25/35 | 441732 |
| FNMA REMIC Series 2006-110, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.330%) | FNMA REMIC Series 2006-110, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.330%) | FNMA REMIC Series 2006-110, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.330%) | FNMA REMIC Series 2006-110, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.330%) |
| 2384823 | 4.346 | 11/25/36 | 2361269 |
| FNMA REMIC Series 2006-16, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2006-16, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2006-16, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2006-16, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 112908 | 4.316 | 03/25/36 | 111946 |
| FNMA REMIC Series 2006-36, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2006-36, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2006-36, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2006-36, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 50003 | 4.316 | 05/25/36 | 49472 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** |
| FNMA REMIC Series 2006-42, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.410%) | FNMA REMIC Series 2006-42, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.410%) | FNMA REMIC Series 2006-42, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.410%) | FNMA REMIC Series 2006-42, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.410%) |
| 97628 | 4.426% | 06/25/36 | $97052 |
| FNMA REMIC Series 2006-44, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2006-44, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2006-44, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2006-44, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 969912 | 4.416 | 06/25/36 | 963437 |
| FNMA REMIC Series 2006-61, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.360%) | FNMA REMIC Series 2006-61, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.360%) | FNMA REMIC Series 2006-61, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.360%) | FNMA REMIC Series 2006-61, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.360%) |
| 195653 | 4.376 | 07/25/36 | 193941 |
| FNMA REMIC Series 2006-79, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2006-79, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2006-79, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2006-79, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 407120 | 4.366 | 08/25/36 | 404374 |
| FNMA REMIC Series 2006-88, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.460%) | FNMA REMIC Series 2006-88, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.460%) | FNMA REMIC Series 2006-88, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.460%) | FNMA REMIC Series 2006-88, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.460%) |
| 348832 | 4.476 | 09/25/36 | 346828 |
| FNMA REMIC Series 2007-35, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.250%) | FNMA REMIC Series 2007-35, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.250%) | FNMA REMIC Series 2007-35, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.250%) | FNMA REMIC Series 2007-35, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.250%) |
| 64126 | 4.266 | 04/25/37 | 63235 |
| FNMA REMIC Series 2007-67, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.320%) | FNMA REMIC Series 2007-67, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.320%) | FNMA REMIC Series 2007-67, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.320%) | FNMA REMIC Series 2007-67, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.320%) |
| 188229 | 4.336 | 07/25/37 | 185813 |
| FNMA REMIC Series 2008-1, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.700%) | FNMA REMIC Series 2008-1, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.700%) | FNMA REMIC Series 2008-1, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.700%) | FNMA REMIC Series 2008-1, Class CF<sup>(a)</sup> (1M USD LIBOR + 0.700%) |
| 53875 | 4.716 | 02/25/38 | 53825 |
| FNMA REMIC Series 2009-110, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2009-110, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2009-110, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2009-110, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.750%) |
| 218564 | 4.766 | 01/25/40 | 219351 |
| FNMA REMIC Series 2010-113, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2010-113, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2010-113, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2010-113, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 147556 | 4.416 | 10/25/40 | 146615 |
| FNMA REMIC Series 2010-116, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2010-116, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2010-116, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2010-116, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 181977 | 4.416 | 10/25/40 | 180713 |
| FNMA REMIC Series 2010-141, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.470%) | FNMA REMIC Series 2010-141, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.470%) | FNMA REMIC Series 2010-141, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.470%) | FNMA REMIC Series 2010-141, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.470%) |
| 113055 | 4.486 | 12/25/40 | 111638 |
| FNMA REMIC Series 2010-15, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.930%) | FNMA REMIC Series 2010-15, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.930%) | FNMA REMIC Series 2010-15, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.930%) | FNMA REMIC Series 2010-15, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.930%) |
| 355902 | 4.946 | 06/25/36 | 357967 |
| FNMA REMIC Series 2010-39, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.770%) | FNMA REMIC Series 2010-39, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.770%) | FNMA REMIC Series 2010-39, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.770%) | FNMA REMIC Series 2010-39, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.770%) |
| 552353 | 4.786 | 06/25/37 | 554695 |
| FNMA REMIC Series 2010-39, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.920%) | FNMA REMIC Series 2010-39, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.920%) | FNMA REMIC Series 2010-39, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.920%) | FNMA REMIC Series 2010-39, Class FG<sup>(a)</sup> (1M USD LIBOR + 0.920%) |
| 238071 | 4.936 | 03/25/36 | 240850 |
| FNMA REMIC Series 2010-46, Class WF<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2010-46, Class WF<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2010-46, Class WF<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2010-46, Class WF<sup>(a)</sup> (1M USD LIBOR + 0.750%) |
| 1705094 | 4.766 | 05/25/40 | 1700751 |
| FNMA REMIC Series 2010-49, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2010-49, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2010-49, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.750%) | FNMA REMIC Series 2010-49, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.750%) |
| 165838 | 4.766 | 05/25/40 | 166099 |
| FNMA REMIC Series 2010-59, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.730%) | FNMA REMIC Series 2010-59, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.730%) | FNMA REMIC Series 2010-59, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.730%) | FNMA REMIC Series 2010-59, Class FN<sup>(a)</sup> (1M USD LIBOR + 0.730%) |
| 1969219 | 4.746 | 06/25/40 | 1969944 |
| FNMA REMIC Series 2011-5, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FNMA REMIC Series 2011-5, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FNMA REMIC Series 2011-5, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FNMA REMIC Series 2011-5, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.600%) |
| 56284 | 4.616 | 11/25/40 | 56315 |
| FNMA REMIC Series 2011-53, Class FT<sup>(a)</sup> (1M USD LIBOR + 0.580%) | FNMA REMIC Series 2011-53, Class FT<sup>(a)</sup> (1M USD LIBOR + 0.580%) | FNMA REMIC Series 2011-53, Class FT<sup>(a)</sup> (1M USD LIBOR + 0.580%) | FNMA REMIC Series 2011-53, Class FT<sup>(a)</sup> (1M USD LIBOR + 0.580%) |
| 161242 | 4.596 | 06/25/41 | 160597 |
| FNMA REMIC Series 2011-87, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.550%) | FNMA REMIC Series 2011-87, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.550%) | FNMA REMIC Series 2011-87, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.550%) | FNMA REMIC Series 2011-87, Class FJ<sup>(a)</sup> (1M USD LIBOR + 0.550%) |
| 147920 | 4.566 | 09/25/41 | 146553 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** |
| FNMA REMIC Series 2012-101, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2012-101, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2012-101, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2012-101, Class FC<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 121245 | 4.516% | 09/25/42 | $119734 |
| FNMA REMIC Series 2012-14, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FNMA REMIC Series 2012-14, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FNMA REMIC Series 2012-14, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.600%) | FNMA REMIC Series 2012-14, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.600%) |
| 761343 | 4.616 | 03/25/42 | 752456 |
| FNMA REMIC Series 2012-37, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2012-37, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2012-37, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2012-37, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 162969 | 4.516 | 12/25/35 | 162351 |
| FNMA REMIC Series 2013-10, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2013-10, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2013-10, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2013-10, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 105195 | 4.316 | 02/25/43 | 103650 |
| FNMA REMIC Series 2013-130, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2013-130, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2013-130, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2013-130, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 99577 | 4.466 | 01/25/44 | 98328 |
| FNMA REMIC Series 2013-19, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2013-19, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2013-19, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2013-19, Class DF<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 602397 | 4.316 | 09/25/41 | 598198 |
| FNMA REMIC Series 2013-2, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2013-2, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2013-2, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.500%) | FNMA REMIC Series 2013-2, Class QF<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 79080 | 4.516 | 02/25/43 | 77453 |
| FNMA REMIC Series 2014-17, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.550%) | FNMA REMIC Series 2014-17, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.550%) | FNMA REMIC Series 2014-17, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.550%) | FNMA REMIC Series 2014-17, Class FE<sup>(a)</sup> (1M USD LIBOR + 0.550%) |
| 838245 | 4.566 | 04/25/44 | 831600 |
| FNMA REMIC Series 2014-28, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2014-28, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2014-28, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2014-28, Class FD<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 1724204 | 4.466 | 05/25/44 | 1701717 |
| FNMA REMIC Series 2014-47, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2014-47, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2014-47, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2014-47, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 372040 | 3.330 | 08/25/44 | 368383 |
| FNMA REMIC Series 2015-27, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2015-27, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2015-27, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2015-27, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 99671 | 4.316 | 05/25/45 | 98760 |
| FNMA REMIC Series 2015-87, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2015-87, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2015-87, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2015-87, Class BF<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 406334 | 4.316 | 12/25/45 | 396523 |
| FNMA REMIC Series 2016-49, Class EF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2016-49, Class EF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2016-49, Class EF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | FNMA REMIC Series 2016-49, Class EF<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 936807 | 4.416 | 08/25/46 | 928490 |
| FNMA REMIC Series 2017-16, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2017-16, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2017-16, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2017-16, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 756576 | 4.466 | 03/25/47 | 744283 |
| FNMA REMIC Series 2017-91, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2017-91, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2017-91, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2017-91, Class GF<sup>(a)</sup> (1M USD LIBOR + 0.350%) |
| 1808523 | 4.366 | 11/25/47 | 1769028 |
| FNMA REMIC Series 2018-15, Class JF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2018-15, Class JF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2018-15, Class JF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2018-15, Class JF<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 960607 | 4.316 | 03/25/48 | 937002 |
| FNMA REMIC Series 2018-3385, Class MA | FNMA REMIC Series 2018-3385, Class MA | FNMA REMIC Series 2018-3385, Class MA | FNMA REMIC Series 2018-3385, Class MA |
| 918064 | 4.500 | 06/01/48 | 907597 |
| FNMA REMIC Series 2018-4, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2018-4, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2018-4, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.300%) | FNMA REMIC Series 2018-4, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 2434099 | 4.316 | 02/25/48 | 2374858 |
| FNMA REMIC Series 2019-41, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2019-41, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2019-41, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2019-41, Class FM<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 1177432 | 4.466 | 08/25/49 | 1156601 |
| FNMA REMIC Series 2019-6, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2019-6, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2019-6, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.450%) | FNMA REMIC Series 2019-6, Class KF<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 1929842 | 4.466 | 03/25/49 | 1905980 |
| FNMA REMIC Series 2020-6347, Class BM<sup>(a)</sup> (12M USD LIBOR + 1.733%) | FNMA REMIC Series 2020-6347, Class BM<sup>(a)</sup> (12M USD LIBOR + 1.733%) | FNMA REMIC Series 2020-6347, Class BM<sup>(a)</sup> (12M USD LIBOR + 1.733%) | FNMA REMIC Series 2020-6347, Class BM<sup>(a)</sup> (12M USD LIBOR + 1.733%) |
| 11042966 | 2.744 | 02/01/41 | 11150287 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** | **Mortgage-Backed Securities – (continued)** |
| GNMA Series 2004-59, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.300%) | GNMA Series 2004-59, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.300%) | GNMA Series 2004-59, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.300%) | GNMA Series 2004-59, Class FP<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 430813 | 4.187% | 08/16/34 | $427528 |
| GNMA Series 2005-4, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.370%) | GNMA Series 2005-4, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.370%) | GNMA Series 2005-4, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.370%) | GNMA Series 2005-4, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.370%) |
| 380521 | 4.257 | 01/16/35 | 376935 |
| GNMA Series 2007-26, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.200%) | GNMA Series 2007-26, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.200%) | GNMA Series 2007-26, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.200%) | GNMA Series 2007-26, Class FL<sup>(a)</sup> (1M USD LIBOR + 0.200%) |
| 2519603 | 4.139 | 05/20/37 | 2478415 |
| GNMA Series 2007-59, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | GNMA Series 2007-59, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | GNMA Series 2007-59, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) | GNMA Series 2007-59, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.500%) |
| 121427 | 4.439 | 10/20/37 | 120843 |
| GNMA Series 2013-99, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | GNMA Series 2013-99, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | GNMA Series 2013-99, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.300%) | GNMA Series 2013-99, Class PF<sup>(a)</sup> (1M USD LIBOR + 0.300%) |
| 1669527 | 4.239 | 07/20/43 | 1641169 |
| GNMA Series 2018-164, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | GNMA Series 2018-164, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | GNMA Series 2018-164, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) | GNMA Series 2018-164, Class AF<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 2698068 | 4.339 | 12/20/48 | 2658834 |
| GNMA Series 2019-110, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) | GNMA Series 2019-110, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) | GNMA Series 2019-110, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) | GNMA Series 2019-110, Class F<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 1851554 | 4.389 | 09/20/49 | 1815107 |
| GNMA Series 2019-56, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) | GNMA Series 2019-56, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) | GNMA Series 2019-56, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) | GNMA Series 2019-56, Class FB<sup>(a)</sup> (1M USD LIBOR + 0.450%) |
| 2058064 | 4.389 | 05/20/49 | 2036006 |
| GNMA Series 2019-58, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) | GNMA Series 2019-58, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) | GNMA Series 2019-58, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) | GNMA Series 2019-58, Class FA<sup>(a)</sup> (1M USD LIBOR + 0.400%) |
| 886453 | 4.339 | 05/20/49 | 872885 |
| JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-JP2, Class ASB | JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-JP2, Class ASB | JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-JP2, Class ASB | JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-JP2, Class ASB |
| 485856 | 2.713 | 08/15/49 | 464688 |
| JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class ASB | JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class ASB | JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class ASB | JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class ASB |
| 407461 | 3.540 | 08/15/48 | 394170 |
| Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C14, Class A5 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C14, Class A5 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C14, Class A5 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C14, Class A5 |
| 2308223 | 4.064 | 02/15/47 | 2242865 |
| Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C23, Class A4 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C23, Class A4 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C23, Class A4 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C23, Class A4 |
| 550000 | 3.719 | 07/15/50 | 521930 |
| Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C24, Class A3 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C24, Class A3 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C24, Class A3 | Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C24, Class A3 |
| 2187334 | 3.479 | 05/15/48 | 2072617 |
| Wells Fargo Commercial Mortgage Trust Series 2013-LC12, Class A4<sup>(a)</sup> | Wells Fargo Commercial Mortgage Trust Series 2013-LC12, Class A4<sup>(a)</sup> | Wells Fargo Commercial Mortgage Trust Series 2013-LC12, Class A4<sup>(a)</sup> | Wells Fargo Commercial Mortgage Trust Series 2013-LC12, Class A4<sup>(a)</sup> |
| 700000 | 4.218 | 07/15/46 | 691067 |
| **TOTAL MORTGAGE-BACKED SECURITIES<br>(Cost $109,891,351)** | **TOTAL MORTGAGE-BACKED SECURITIES<br>(Cost $109,891,351)** | **TOTAL MORTGAGE-BACKED SECURITIES<br>(Cost $109,891,351)** | $107278161 |
| **Foreign Corporate Debt – 17.8%** | **Foreign Corporate Debt – 17.8%** | **Foreign Corporate Debt – 17.8%** | **Foreign Corporate Debt – 17.8%** |
| **Banks – 14.4%** | **Banks – 14.4%** | **Banks – 14.4%** | **Banks – 14.4%** |
| ANZ New Zealand Int'l Ltd/London<sup>(a)(b)</sup> (New Zealand) (SOFR + 0.600%) | ANZ New Zealand Int'l Ltd/London<sup>(a)(b)</sup> (New Zealand) (SOFR + 0.600%) | ANZ New Zealand Int'l Ltd/London<sup>(a)(b)</sup> (New Zealand) (SOFR + 0.600%) | ANZ New Zealand Int'l Ltd/London<sup>(a)(b)</sup> (New Zealand) (SOFR + 0.600%) |
| 500000 | 4.435% | 02/18/25 | $494133 |
| Banco Santander SA (Spain) (3M USD LIBOR + 1.090%) | Banco Santander SA (Spain) (3M USD LIBOR + 1.090%) | Banco Santander SA (Spain) (3M USD LIBOR + 1.090%) | Banco Santander SA (Spain) (3M USD LIBOR + 1.090%) |
| 800000 | 5.782 <sup>(a)</sup> | 02/23/23 | 800645 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Banco Santander SA (Spain) – (continued) | Banco Santander SA (Spain) – (continued) | Banco Santander SA (Spain) – (continued) | Banco Santander SA (Spain) – (continued) |
| 200000 | 3.892% | 05/24/24 | $195524 |
| (SOFR + 1.240%) | (SOFR + 1.240%) | (SOFR + 1.240%) | (SOFR + 1.240%) |
| 1600000 | 5.075 <sup>(a)</sup> | 05/24/24 | 1597514 |
| (US 1 Year CMT T-Note + 0.450%) | (US 1 Year CMT T-Note + 0.450%) | (US 1 Year CMT T-Note + 0.450%) | (US 1 Year CMT T-Note + 0.450%) |
| 1000000 | 0.701 <sup>(a)</sup> | 06/30/24 | 967222 |
| Bank of Montreal, MTN (Canada)<br> (SOFRINDX + 0.680%) | Bank of Montreal, MTN (Canada)<br> (SOFRINDX + 0.680%) | Bank of Montreal, MTN (Canada)<br> (SOFRINDX + 0.680%) | Bank of Montreal, MTN (Canada)<br> (SOFRINDX + 0.680%) |
| 1450000 | 3.900 <sup>(a)</sup> | 03/10/23 | 1449345 |
| (SOFRINDX + 0.465%) | (SOFRINDX + 0.465%) | (SOFRINDX + 0.465%) | (SOFRINDX + 0.465%) |
| 3000000 | 4.056 <sup>(a)</sup> | 01/10/25 | 2939132 |
| Bank of Nova Scotia (The) (Canada)<br> (SOFRINDX + 0.550%) | Bank of Nova Scotia (The) (Canada)<br> (SOFRINDX + 0.550%) | Bank of Nova Scotia (The) (Canada)<br> (SOFRINDX + 0.550%) | Bank of Nova Scotia (The) (Canada)<br> (SOFRINDX + 0.550%) |
| 2067000 | 3.855 <sup>(a)</sup> | 09/15/23 | 2061385 |
| (SOFRINDX + 0.960%) | (SOFRINDX + 0.960%) | (SOFRINDX + 0.960%) | (SOFRINDX + 0.960%) |
| 1400000 | 4.180 <sup>(a)</sup> | 03/11/24 | 1396772 |
| 1620000 | 5.250 | 12/06/24 | 1618510 |
| Bank of Nova Scotia (The)<sup>(a)</sup>, Series FRN (Canada)<br> (SOFRINDX + 0.445%) | Bank of Nova Scotia (The)<sup>(a)</sup>, Series FRN (Canada)<br> (SOFRINDX + 0.445%) | Bank of Nova Scotia (The)<sup>(a)</sup>, Series FRN (Canada)<br> (SOFRINDX + 0.445%) | Bank of Nova Scotia (The)<sup>(a)</sup>, Series FRN (Canada)<br> (SOFRINDX + 0.445%) |
| 425000 | 4.093 | 04/15/24 | 420842 |
| Banque Federative du Credit Mutuel SA<sup>(b)</sup> (France) | Banque Federative du Credit Mutuel SA<sup>(b)</sup> (France) | Banque Federative du Credit Mutuel SA<sup>(b)</sup> (France) | Banque Federative du Credit Mutuel SA<sup>(b)</sup> (France) |
| 1298000 | 0.650 | 02/27/24 | 1226692 |
| Barclays PLC<sup>(a)</sup> (United Kingdom)<br> (3M USD LIBOR + 1.356%) | Barclays PLC<sup>(a)</sup> (United Kingdom)<br> (3M USD LIBOR + 1.356%) | Barclays PLC<sup>(a)</sup> (United Kingdom)<br> (3M USD LIBOR + 1.356%) | Barclays PLC<sup>(a)</sup> (United Kingdom)<br> (3M USD LIBOR + 1.356%) |
| 1161000 | 4.338 | 05/16/24 | 1150418 |
| BPCE SA<sup>(a)(b)</sup> (France)<br> (SOFR + 0.570%) | BPCE SA<sup>(a)(b)</sup> (France)<br> (SOFR + 0.570%) | BPCE SA<sup>(a)(b)</sup> (France)<br> (SOFR + 0.570%) | BPCE SA<sup>(a)(b)</sup> (France)<br> (SOFR + 0.570%) |
| 1100000 | 4.212 | 01/14/25 | 1076314 |
| Canadian Imperial Bank of Commerce (Canada)<br> (SOFR + 0.800%) | Canadian Imperial Bank of Commerce (Canada)<br> (SOFR + 0.800%) | Canadian Imperial Bank of Commerce (Canada)<br> (SOFR + 0.800%) | Canadian Imperial Bank of Commerce (Canada)<br> (SOFR + 0.800%) |
| 1395000 | 4.208 <sup>(a)</sup> | 03/17/23 | 1395272 |
| (SOFR + 0.940%) | (SOFR + 0.940%) | (SOFR + 0.940%) | (SOFR + 0.940%) |
| 2433000 | 4.523 <sup>(a)</sup> | 04/07/25 | 2402631 |
| Cooperatieve Rabobank UA (Netherlands) | Cooperatieve Rabobank UA (Netherlands) | Cooperatieve Rabobank UA (Netherlands) | Cooperatieve Rabobank UA (Netherlands) |
| 1385000 | 2.750 | 01/10/23 | 1382720 |
| (SOFRINDX + 0.380%) | (SOFRINDX + 0.380%) | (SOFRINDX + 0.380%) | (SOFRINDX + 0.380%) |
| 1185000 | 3.971 <sup>(a)</sup> | 01/10/25 | 1168717 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Credit Industriel et Commercial<sup>(a)</sup> (France)<br> (SOFR + 0.560%) | Credit Industriel et Commercial<sup>(a)</sup> (France)<br> (SOFR + 0.560%) | Credit Industriel et Commercial<sup>(a)</sup> (France)<br> (SOFR + 0.560%) | Credit Industriel et Commercial<sup>(a)</sup> (France)<br> (SOFR + 0.560%) |
| 2084000 | 4.380% | 05/30/23 | $2085956 |
| Credit Suisse AG<sup>(a)</sup>, Series FRN (Switzerland)<br> (SOFRINDX + 1.260%) | Credit Suisse AG<sup>(a)</sup>, Series FRN (Switzerland)<br> (SOFRINDX + 1.260%) | Credit Suisse AG<sup>(a)</sup>, Series FRN (Switzerland)<br> (SOFRINDX + 1.260%) | Credit Suisse AG<sup>(a)</sup>, Series FRN (Switzerland)<br> (SOFRINDX + 1.260%) |
| 3000000 | 5.095 | 02/21/25 | 2780123 |
| Deutsche Bank AG, Series E (Germany) | Deutsche Bank AG, Series E (Germany) | Deutsche Bank AG, Series E (Germany) | Deutsche Bank AG, Series E (Germany) |
| 298000 | 0.962 | 11/08/23 | 285809 |
| (SOFR + 0.500%) | (SOFR + 0.500%) | (SOFR + 0.500%) | (SOFR + 0.500%) |
| 2975000 | 4.331 <sup>(a)</sup> | 11/08/23 | 2952146 |
| Federation des Caisses Desjardins du Quebec<sup>(a)(b)</sup> (Canada)<br> (SOFR + 0.430%) | Federation des Caisses Desjardins du Quebec<sup>(a)(b)</sup> (Canada)<br> (SOFR + 0.430%) | Federation des Caisses Desjardins du Quebec<sup>(a)(b)</sup> (Canada)<br> (SOFR + 0.430%) | Federation des Caisses Desjardins du Quebec<sup>(a)(b)</sup> (Canada)<br> (SOFR + 0.430%) |
| 1895000 | 4.266 | 05/21/24 | 1870520 |
| HSBC Holdings PLC<sup>(a)</sup> (United Kingdom)<br> (SOFR + 0.580%) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom)<br> (SOFR + 0.580%) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom)<br> (SOFR + 0.580%) | HSBC Holdings PLC<sup>(a)</sup> (United Kingdom)<br> (SOFR + 0.580%) |
| 1713000 | 4.415 | 11/22/24 | 1669782 |
| ING Groep NV (Netherlands) | ING Groep NV (Netherlands) | ING Groep NV (Netherlands) | ING Groep NV (Netherlands) |
| 1402000 | 3.550 | 04/09/24 | 1371500 |
| Intesa Sanpaolo SpA<sup>(b)</sup> (Italy) | Intesa Sanpaolo SpA<sup>(b)</sup> (Italy) | Intesa Sanpaolo SpA<sup>(b)</sup> (Italy) | Intesa Sanpaolo SpA<sup>(b)</sup> (Italy) |
| 500000 | 3.375 | 01/12/23 | 498613 |
| Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) | Lloyds Banking Group PLC (United Kingdom) |
| 1367000 | 4.050 | 08/16/23 | 1353985 |
| (US 1 Year CMT T-Note + 0.550%) | (US 1 Year CMT T-Note + 0.550%) | (US 1 Year CMT T-Note + 0.550%) | (US 1 Year CMT T-Note + 0.550%) |
| 1192000 | 0.695 <sup>(a)</sup> | 05/11/24 | 1163011 |
| Macquarie Bank Ltd.<sup>(b)</sup> (Australia) | Macquarie Bank Ltd.<sup>(b)</sup> (Australia) | Macquarie Bank Ltd.<sup>(b)</sup> (Australia) | Macquarie Bank Ltd.<sup>(b)</sup> (Australia) |
| 818000 | 0.441 | 12/16/22 | 816544 |
| Macquarie Group Ltd.<sup>(a)(b)</sup> (Australia)<br> (3M USD LIBOR + 1.330%) | Macquarie Group Ltd.<sup>(a)(b)</sup> (Australia)<br> (3M USD LIBOR + 1.330%) | Macquarie Group Ltd.<sup>(a)(b)</sup> (Australia)<br> (3M USD LIBOR + 1.330%) | Macquarie Group Ltd.<sup>(a)(b)</sup> (Australia)<br> (3M USD LIBOR + 1.330%) |
| 1863000 | 4.150 | 03/27/24 | 1852666 |
| Mitsubishi UFJ Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (SOFR + 1.385%) | Mitsubishi UFJ Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (SOFR + 1.385%) | Mitsubishi UFJ Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (SOFR + 1.385%) | Mitsubishi UFJ Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (SOFR + 1.385%) |
| 1529000 | 4.563 | 09/12/25 | 1524405 |
| Mizuho Financial Group, Inc. (Japan)<br> (SOFR + 1.252%) | Mizuho Financial Group, Inc. (Japan)<br> (SOFR + 1.252%) | Mizuho Financial Group, Inc. (Japan)<br> (SOFR + 1.252%) | Mizuho Financial Group, Inc. (Japan)<br> (SOFR + 1.252%) |
| 1358000 | 1.241 <sup>(a)</sup> | 07/10/24 | 1319569 |
| (SOFR + 0.872%) | (SOFR + 0.872%) | (SOFR + 0.872%) | (SOFR + 0.872%) |
| 1259000 | 0.849 <sup>(a)</sup> | 09/08/24 | 1209107 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| National Australia Bank Ltd.<sup>(a)(b)</sup> (Australia)<br> (SOFR + 0.380%) | National Australia Bank Ltd.<sup>(a)(b)</sup> (Australia)<br> (SOFR + 0.380%) | National Australia Bank Ltd.<sup>(a)(b)</sup> (Australia)<br> (SOFR + 0.380%) | National Australia Bank Ltd.<sup>(a)(b)</sup> (Australia)<br> (SOFR + 0.380%) |
| 2300000 | 3.983% | 01/12/25 | $2270839 |
| National Bank of Canada<sup>(a)</sup> (Canada)<br> (SOFR + 0.490%) | National Bank of Canada<sup>(a)</sup> (Canada)<br> (SOFR + 0.490%) | National Bank of Canada<sup>(a)</sup> (Canada)<br> (SOFR + 0.490%) | National Bank of Canada<sup>(a)</sup> (Canada)<br> (SOFR + 0.490%) |
| 655000 | 4.320 | 08/06/24 | 645586 |
| Nationwide Building Society<sup>(b)</sup> (United Kingdom) | Nationwide Building Society<sup>(b)</sup> (United Kingdom) | Nationwide Building Society<sup>(b)</sup> (United Kingdom) | Nationwide Building Society<sup>(b)</sup> (United Kingdom) |
| 3000000 | 2.000 | 01/27/23 | 2985243 |
| NatWest Group PLC (United Kingdom) | NatWest Group PLC (United Kingdom) | NatWest Group PLC (United Kingdom) | NatWest Group PLC (United Kingdom) |
| 325000 | 3.875 | 09/12/23 | 321378 |
| NatWest Markets PLC<sup>(b)</sup> (United Kingdom) | NatWest Markets PLC<sup>(b)</sup> (United Kingdom) | NatWest Markets PLC<sup>(b)</sup> (United Kingdom) | NatWest Markets PLC<sup>(b)</sup> (United Kingdom) |
| 1000000 | 2.375 | 05/21/23 | 981270 |
| Royal Bank of Canada, GMTN (Canada)<br> (SOFRINDX + 0.340%) | Royal Bank of Canada, GMTN (Canada)<br> (SOFRINDX + 0.340%) | Royal Bank of Canada, GMTN (Canada)<br> (SOFRINDX + 0.340%) | Royal Bank of Canada, GMTN (Canada)<br> (SOFRINDX + 0.340%) |
| 819000 | 3.923 <sup>(a)</sup> | 10/07/24 | 804556 |
| (SOFRINDX + 0.440%) | (SOFRINDX + 0.440%) | (SOFRINDX + 0.440%) | (SOFRINDX + 0.440%) |
| 2000000 | 4.142 <sup>(a)</sup> | 01/21/25 | 1960543 |
| Societe Generale SA<sup>(b)</sup> (France) | Societe Generale SA<sup>(b)</sup> (France) | Societe Generale SA<sup>(b)</sup> (France) | Societe Generale SA<sup>(b)</sup> (France) |
| 1133000 | 4.250 | 09/14/23 | 1121474 |
| Sumitomo Mitsui Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (3M USD LIBOR + 0.740%) | Sumitomo Mitsui Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (3M USD LIBOR + 0.740%) | Sumitomo Mitsui Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (3M USD LIBOR + 0.740%) | Sumitomo Mitsui Financial Group, Inc.<sup>(a)</sup> (Japan)<br> (3M USD LIBOR + 0.740%) |
| 1020000 | 4.819 | 01/17/23 | 1019970 |
| Sumitomo Mitsui Trust Bank Ltd.<sup>(a)(b)</sup> (Japan)<br> (SOFR + 0.440%) | Sumitomo Mitsui Trust Bank Ltd.<sup>(a)(b)</sup> (Japan)<br> (SOFR + 0.440%) | Sumitomo Mitsui Trust Bank Ltd.<sup>(a)(b)</sup> (Japan)<br> (SOFR + 0.440%) | Sumitomo Mitsui Trust Bank Ltd.<sup>(a)(b)</sup> (Japan)<br> (SOFR + 0.440%) |
| 1854000 | 3.728 | 09/16/24 | 1838653 |
| Swedbank AB<sup>(b)</sup> (Sweden) | Swedbank AB<sup>(b)</sup> (Sweden) | Swedbank AB<sup>(b)</sup> (Sweden) | Swedbank AB<sup>(b)</sup> (Sweden) |
| 700000 | 1.300 | 06/02/23 | 686658 |
| Toronto-Dominion Bank (The), MTN (Canada)<br> (SOFR + 0.910%) | Toronto-Dominion Bank (The), MTN (Canada)<br> (SOFR + 0.910%) | Toronto-Dominion Bank (The), MTN (Canada)<br> (SOFR + 0.910%) | Toronto-Dominion Bank (The), MTN (Canada)<br> (SOFR + 0.910%) |
| 1781000 | 4.095 <sup>(a)</sup> | 03/08/24 | 1775554 |
| (SOFR + 0.410%) | (SOFR + 0.410%) | (SOFR + 0.410%) | (SOFR + 0.410%) |
| 4000000 | 4.001 <sup>(a)</sup> | 01/10/25 | 3918679 |
| UBS AG/London (Switzerland)<br> (SOFR + 0.360%) | UBS AG/London (Switzerland)<br> (SOFR + 0.360%) | UBS AG/London (Switzerland)<br> (SOFR + 0.360%) | UBS AG/London (Switzerland)<br> (SOFR + 0.360%) |
| 702000 | 4.192 <sup>(a)(b)</sup> | 02/09/24 | 696903 |
| (SOFR + 0.450%) | (SOFR + 0.450%) | (SOFR + 0.450%) | (SOFR + 0.450%) |
| 769000 | 4.282 <sup>(a)(b)</sup> | 08/09/24 | 761118 |
| (SOFR + 0.470%) | (SOFR + 0.470%) | (SOFR + 0.470%) | (SOFR + 0.470%) |
| 3500000 | 4.099 <sup>(a)(b)</sup> | 01/13/25 | 3456774 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) | Westpac Banking Corp. (Australia) |
| 2567000 | 5.350% | 10/18/24 | $2588846 |
| (SOFR + 0.300%) | (SOFR + 0.300%) | (SOFR + 0.300%) | (SOFR + 0.300%) |
| 1186000 | 4.135 <sup>(a)</sup> | 11/18/24 | 1170642 |
|  |  |  | 75502210 |
| **Capital Goods – 0.1%** | **Capital Goods – 0.1%** | **Capital Goods – 0.1%** | **Capital Goods – 0.1%** |
| Siemens Financieringsmaatschappij NV<sup>(a)(b)</sup> (Germany) (SOFR + 0.430%) | Siemens Financieringsmaatschappij NV<sup>(a)(b)</sup> (Germany) (SOFR + 0.430%) | Siemens Financieringsmaatschappij NV<sup>(a)(b)</sup> (Germany) (SOFR + 0.430%) | Siemens Financieringsmaatschappij NV<sup>(a)(b)</sup> (Germany) (SOFR + 0.430%) |
| 620000 | 3.650 | 03/11/24 | 615683 |
| **Consumer Cyclical – 0.8%** | **Consumer Cyclical – 0.8%** | **Consumer Cyclical – 0.8%** | **Consumer Cyclical – 0.8%** |
| BMW US Capital LLC (Germany) (SOFRINDX + 0.530%) | BMW US Capital LLC (Germany) (SOFRINDX + 0.530%) | BMW US Capital LLC (Germany) (SOFRINDX + 0.530%) | BMW US Capital LLC (Germany) (SOFRINDX + 0.530%) |
| 710000 | 4.051 <sup>(a)(b)</sup> | 04/01/24 | 704676 |
| (SOFRINDX + 0.840%) | (SOFRINDX + 0.840%) | (SOFRINDX + 0.840%) | (SOFRINDX + 0.840%) |
| 1231000 | 4.361 <sup>(a)(b)</sup> | 04/01/25 | 1222608 |
| Mercedes-Benz Finance North America LLC<sup>(b)</sup> (Germany) | Mercedes-Benz Finance North America LLC<sup>(b)</sup> (Germany) | Mercedes-Benz Finance North America LLC<sup>(b)</sup> (Germany) | Mercedes-Benz Finance North America LLC<sup>(b)</sup> (Germany) |
| 1000000 | 1.750 | 03/10/23 | 991029 |
| Volkswagen Group of America Finance LLC<sup>(a)(b)</sup> (Germany) (SOFR + 0.950%) | Volkswagen Group of America Finance LLC<sup>(a)(b)</sup> (Germany) (SOFR + 0.950%) | Volkswagen Group of America Finance LLC<sup>(a)(b)</sup> (Germany) (SOFR + 0.950%) | Volkswagen Group of America Finance LLC<sup>(a)(b)</sup> (Germany) (SOFR + 0.950%) |
| 1000000 | 4.086 | 06/07/24 | 993702 |
|  |  |  | 3912015 |
| **Energy – 1.3%** | **Energy – 1.3%** | **Energy – 1.3%** | **Energy – 1.3%** |
| Enbridge, Inc. (Canada) (SOFR + 0.400%) | Enbridge, Inc. (Canada) (SOFR + 0.400%) | Enbridge, Inc. (Canada) (SOFR + 0.400%) | Enbridge, Inc. (Canada) (SOFR + 0.400%) |
| 2765000 | 4.235 <sup>(a)</sup> | 02/17/23 | 2759711 |
| 726000 | 0.550 | 10/04/23 | 698310 |
| (SOFRINDX + 0.630%) | (SOFRINDX + 0.630%) | (SOFRINDX + 0.630%) | (SOFRINDX + 0.630%) |
| 344000 | 4.465 <sup>(a)</sup> | 02/16/24 | 340640 |
| TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) | TransCanada PipeLines Ltd. (Canada) |
| 3000000 | 3.750 | 10/16/23 | 2960915 |
|  |  |  | 6759576 |
| **Food and Beverage – 1.0%** | **Food and Beverage – 1.0%** | **Food and Beverage – 1.0%** | **Food and Beverage – 1.0%** |
| Coca-Cola Europacific Partners PLC<sup>(b)</sup> (United Kingdom) | Coca-Cola Europacific Partners PLC<sup>(b)</sup> (United Kingdom) | Coca-Cola Europacific Partners PLC<sup>(b)</sup> (United Kingdom) | Coca-Cola Europacific Partners PLC<sup>(b)</sup> (United Kingdom) |
| 1917000 | 0.500 | 05/05/23 | 1876371 |
| Danone SA<sup>(b)</sup> (France) | Danone SA<sup>(b)</sup> (France) | Danone SA<sup>(b)</sup> (France) | Danone SA<sup>(b)</sup> (France) |
| 3000000 | 2.589 | 11/02/23 | 2932314 |
| Heineken NV<sup>(b)</sup> (Netherlands) | Heineken NV<sup>(b)</sup> (Netherlands) | Heineken NV<sup>(b)</sup> (Netherlands) | Heineken NV<sup>(b)</sup> (Netherlands) |
| 298000 | 2.750 | 04/01/23 | 295606 |
|  |  |  | 5104291 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** | **Foreign Corporate Debt – (continued)** |
| **Wireless – 0.2%** | **Wireless – 0.2%** | **Wireless – 0.2%** | **Wireless – 0.2%** |
| NTT Finance Corp.<sup>(b)</sup> (Japan) | NTT Finance Corp.<sup>(b)</sup> (Japan) | NTT Finance Corp.<sup>(b)</sup> (Japan) | NTT Finance Corp.<sup>(b)</sup> (Japan) |
| 1007000 | 0.373% | 03/03/23 | $995306 |
| **TOTAL FOREIGN CORPORATE DEBT<br>(Cost $93,998,285)** | **TOTAL FOREIGN CORPORATE DEBT<br>(Cost $93,998,285)** | **TOTAL FOREIGN CORPORATE DEBT<br>(Cost $93,998,285)** | $92889081 |
| **Certificate of Deposits – 3.6%<sup>(c)</sup>** | **Certificate of Deposits – 3.6%<sup>(c)</sup>** | **Certificate of Deposits – 3.6%<sup>(c)</sup>** | **Certificate of Deposits – 3.6%<sup>(c)</sup>** |
| Commonwealth | Commonwealth | Commonwealth | Commonwealth |
| 2579000 | 5.530% | 11/22/23 | $2578407 |
| Credit Suisse AG | Credit Suisse AG | Credit Suisse AG | Credit Suisse AG |
| 2000000 | 0.590 | 03/17/23 | 1952724 |
| Lloyds Bank Corporate Markets PLC (SOFR + 0.540%) | Lloyds Bank Corporate Markets PLC (SOFR + 0.540%) | Lloyds Bank Corporate Markets PLC (SOFR + 0.540%) | Lloyds Bank Corporate Markets PLC (SOFR + 0.540%) |
| 1395000 | 4.360 | 01/31/24 | 1385106 |
| Mizuho Bank Ltd. | Mizuho Bank Ltd. | Mizuho Bank Ltd. | Mizuho Bank Ltd. |
| 2500000 | 4.170 | 01/17/23 | 2500464 |
| Skandinaviska Enskilda Banken AB | Skandinaviska Enskilda Banken AB | Skandinaviska Enskilda Banken AB | Skandinaviska Enskilda Banken AB |
| 2000000 | 4.500 | 08/18/23 | 1999570 |
| Standard Chartered Bank (SOFR + 0.420%) | Standard Chartered Bank (SOFR + 0.420%) | Standard Chartered Bank (SOFR + 0.420%) | Standard Chartered Bank (SOFR + 0.420%) |
| 1972000 | 4.240 | 07/28/23 | 1967827 |
| Sumitomo Mitsui Banking Corp. | Sumitomo Mitsui Banking Corp. | Sumitomo Mitsui Banking Corp. | Sumitomo Mitsui Banking Corp. |
| 1278000 | 4.770 | 10/25/23 | 1278465 |
| Sumitomo Mitsui Banking Corp. New York Branch | Sumitomo Mitsui Banking Corp. New York Branch | Sumitomo Mitsui Banking Corp. New York Branch | Sumitomo Mitsui Banking Corp. New York Branch |
| 2000000 | 5.000 | 10/06/23 | 1991120 |
| Svenska Handelsbanken | Svenska Handelsbanken | Svenska Handelsbanken | Svenska Handelsbanken |
| 1248000 | 2.000 | 03/22/23 | 1233915 |
| Svenska Handelsbanken AB-New York Branch | Svenska Handelsbanken AB-New York Branch | Svenska Handelsbanken AB-New York Branch | Svenska Handelsbanken AB-New York Branch |
| 1160000 | 2.795 | 05/25/23 | 1146741 |
| Toronto Dominion Bk | Toronto Dominion Bk | Toronto Dominion Bk | Toronto Dominion Bk |
| 814000 | 4.070 | 07/18/23 | 807244 |
| **TOTAL CERTIFICATE OF DEPOSITS<br>(Cost $18,945,583)** | **TOTAL CERTIFICATE OF DEPOSITS<br>(Cost $18,945,583)** | **TOTAL CERTIFICATE OF DEPOSITS<br>(Cost $18,945,583)** | $18841583 |
| **U.S. Treasury Notes – 3.1%<sup>(c)</sup>** | **U.S. Treasury Notes – 3.1%<sup>(c)</sup>** | **U.S. Treasury Notes – 3.1%<sup>(c)</sup>** | **U.S. Treasury Notes – 3.1%<sup>(c)</sup>** |
| U.S. Treasury Floating Rate Notes (3M USD T-Bill + 0.054%) | U.S. Treasury Floating Rate Notes (3M USD T-Bill + 0.054%) | U.S. Treasury Floating Rate Notes (3M USD T-Bill + 0.054%) | U.S. Treasury Floating Rate Notes (3M USD T-Bill + 0.054%) |
| 3698000 | 4.366% | 04/30/23 | $3700368 |
| 11200000 | 4.367 | 10/31/23 | 11208190 |
| 700000 | 4.317 | 01/31/24 | 699722 |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** | **U.S. Treasury Notes – (continued)** |
| U.S. Treasury Note | U.S. Treasury Note | U.S. Treasury Note | U.S. Treasury Note |
| 660000 | 0.375% | 10/31/23 | $634167 |
| **TOTAL U.S. TREASURY NOTES<br>(Cost $16,235,558)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $16,235,558)** | **TOTAL U.S. TREASURY NOTES<br>(Cost $16,235,558)** | $16242447 |
| **U.S. Treasury Bills – 0.9%<sup>(c)</sup>** | **U.S. Treasury Bills – 0.9%<sup>(c)</sup>** | **U.S. Treasury Bills – 0.9%<sup>(c)</sup>** | **U.S. Treasury Bills – 0.9%<sup>(c)</sup>** |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills |
| 3035000 | 2.895% | 12/01/22 | $3034755 |
| 1500000 | 2.510 | 12/29/22 | 1495555 |
| **TOTAL U.S. TREASURY BILLS<br>(Cost $4,532,117)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $4,532,117)** | **TOTAL U.S. TREASURY BILLS<br>(Cost $4,532,117)** | $4530310 |
| **U.S. Government Agency Obligations – 0.6%<sup>(c)</sup>** | **U.S. Government Agency Obligations – 0.6%<sup>(c)</sup>** | **U.S. Government Agency Obligations – 0.6%<sup>(c)</sup>** | **U.S. Government Agency Obligations – 0.6%<sup>(c)</sup>** |
| Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks |
| 1460000 | 4.660% | 11/14/23 | $1457699 |
| 600000 | 4.660 | 11/15/23 | 599093 |
| 600000 | 4.670 | 11/17/23 | 599010 |
| 600000 | 4.680 | 11/29/23 | 599023 |
| **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $3,259,458)** | **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $3,259,458)** | **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $3,259,458)** | $3254825 |
| **Shares** | **Dividend<br>Rate** | **Dividend<br>Rate** | **Value** |
| **Investment Company – 3.4%<sup>(d)</sup>** | **Investment Company – 3.4%<sup>(d)</sup>** | **Investment Company – 3.4%<sup>(d)</sup>** | **Investment Company – 3.4%<sup>(d)</sup>** |
| Goldman Sachs Financial Square Government Fund — Institutional Shares | Goldman Sachs Financial Square Government Fund — Institutional Shares | Goldman Sachs Financial Square Government Fund — Institutional Shares | Goldman Sachs Financial Square Government Fund — Institutional Shares |
| 17914792 | 3.727% | 3.727% | $17914792 |
| **(Cost $17,914,792)** | **(Cost $17,914,792)** | **(Cost $17,914,792)** | **(Cost $17,914,792)** |
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Short-Term Investments – 4.7%** | **Short-Term Investments – 4.7%** | **Short-Term Investments – 4.7%** | **Short-Term Investments – 4.7%** |
| **Commercial Paper – 4.7%** | **Commercial Paper – 4.7%** | **Commercial Paper – 4.7%** | **Commercial Paper – 4.7%** |
| American Electric Power Co., Inc. | American Electric Power Co., Inc. | American Electric Power Co., Inc. | American Electric Power Co., Inc. |
| 2605000 | —% | 02/14/23 | $2577960 |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 2049000 |  | 12/28/22 | 2041972 |
| Ciesco LLC | Ciesco LLC | Ciesco LLC | Ciesco LLC |
| 2155000 | 3.625 | 02/07/23 | 2136618 |
| Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. |
| 1093000 | 4.470 | 09/21/23 | 1091371 |
| DNB Bank ASA | DNB Bank ASA | DNB Bank ASA | DNB Bank ASA |
| 2731000 |  | 11/22/23 | 2595160 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity<br>Date** | **Value** |
| **Short-Term Investments – (continued)** | **Short-Term Investments – (continued)** | **Short-Term Investments – (continued)** | **Short-Term Investments – (continued)** |
| **Commercial Paper – (continued)** | **Commercial Paper – (continued)** | **Commercial Paper – (continued)** | **Commercial Paper – (continued)** |
| Macquarie Bank Ltd. | Macquarie Bank Ltd. | Macquarie Bank Ltd. | Macquarie Bank Ltd. |
| 1500000 | —% | 08/01/23 | $1446780 |
| MetLife Short Term Funding LLC | MetLife Short Term Funding LLC | MetLife Short Term Funding LLC | MetLife Short Term Funding LLC |
| 2514000 |  | 09/01/23 | 2412560 |
| Mitsubishi UFJ Trust & Banking Corp. | Mitsubishi UFJ Trust & Banking Corp. | Mitsubishi UFJ Trust & Banking Corp. | Mitsubishi UFJ Trust & Banking Corp. |
| 1291000 |  | 01/06/23 | 1285668 |
| 1291000 |  | 01/09/23 | 1285191 |
| Royal Bank Of Canada | Royal Bank Of Canada | Royal Bank Of Canada | Royal Bank Of Canada |
| 722000 | 4.139 | 07/14/23 | 698867 |
| Societe Generale SA | Societe Generale SA | Societe Generale SA | Societe Generale SA |
| 2716000 |  | 11/15/23 | 2576045 |
| Spire, Inc. | Spire, Inc. | Spire, Inc. | Spire, Inc. |
| 1368000 |  | 12/02/22 | 1367686 |
| Suncor Energy, Inc. | Suncor Energy, Inc. | Suncor Energy, Inc. | Suncor Energy, Inc. |
| 1983000 |  | 12/22/22 | 1977745 |
| Thunder Bay Funding LLC | Thunder Bay Funding LLC | Thunder Bay Funding LLC | Thunder Bay Funding LLC |
| 1324000 |  | 05/17/23 | 1292846 |
| **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $24,816,942)** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $24,816,942)** | **TOTAL SHORT-TERM INVESTMENTS<br>(Cost $24,816,942)** | $24786469 |
| **TOTAL INVESTMENTS – 99.0%<br>(Cost $525,684,480)** | **TOTAL INVESTMENTS – 99.0%<br>(Cost $525,684,480)** | **TOTAL INVESTMENTS – 99.0%<br>(Cost $525,684,480)** | $517828372 |
| **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 1.0%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 1.0%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 1.0%** | 4858821 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $522687193 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Variable rate security. Interest rate or distribution rate disclosed is that which is in effect on November 30, 2022. |
| (b) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (c) | Interest rates represent either the stated coupon rate, annualized yield on date of purchase for discounted securities, or, for floating rate securities, the current reset rate, which is based upon current interest rate indices. |
| (d) | Represents an affiliated issuer. |

---

------

GOLDMAN SACHS ACCESS ULTRA SHORT BOND ETF

*November 30, 2022 (Unaudited)* 

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| CLO | — Collateralized Loan Obligation |
| CMT | — Constant Maturity Treasury Index |
| FHLMC | — Federal Home Loan Mortgage Corp. |
| FNMA | — Federal National Mortgage Association |
| GNMA | — Government National Mortgage Association |
| GMTN | — Global Medium Term Note |
| LIBOR | — London Interbank Offered Rate |
| LP | — Limited Partnership |
| MTN | — Medium Term Note |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SOFR | — Secured Overnight Financing Rate |
| SOFRINDX | — Secured Overnight Financing Rate Index |

---

------

GOLDMAN SACHS ACCESS FIXED INCOME ETFS

*November 30, 2022 (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 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three levels of the fair value hierarchy are described below:

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

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

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

The Board of Trustees ("Trustees") has approved Valuation Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. With respect to a Fund's 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 Act (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 1 and Level 2 Fair Value Investments** — The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 1 and Level 2 are as follows:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Commercial Paper — Commercial paper normally represents short-term unsecured promissory notes issued in bearer form by banks or bank holding companies, corporations, finance companies and other issuers. Commercial paper consists of direct U.S. dollar-denominated obligations of domestic or foreign issuers. Asset-backed commercial paper is issued by a special purpose entity that is organized to issue the commercial paper and to purchase trade receivables or other financial assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Treasury Inflation Protected Securities — TIPS are treasury securities in which the principal amount is adjusted daily to keep pace with inflation, as measured by the U.S. Consumer Pricing Index for Urban Consumers. The repayment of the original bond principal upon maturity is guaranteed by the full faith and credit of the U.S. Government.

**Money Market Funds** — Investments in the Goldman Sachs Financial Square Government 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 1 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 3 Fair Value Investments** — To the extent that significant inputs to valuation models and other alternative pricing sources are unobservable, or if quotations are not readily available, or if GSAM believes that such quotations do not accurately reflect fair value, the fair value of a Fund's investments may be determined under the Valuation Procedures. GSAM, consistent with its procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund's NAV. To the extent investments are valued using single source broker quotations obtained directly from the broker or passed through from third party pricing vendors, such investments are classified as Level 3 investments.

------

GOLDMAN SACHS ACCESS FIXED INCOME ETFS

*November 30, 2022 (Unaudited)* 

------

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

------

**C. Fair Value Hierarchy** — The following is a summary of the Funds' investments classified in the fair value hierarchy as of November 30, 2022:

---

| | | | |
|:---|:---|:---|:---|
| **ACCESS EMERGING MARKETS USD BOND ETF**<br>**Investment Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Debt Obligations | $— | $39543908 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations |  | 5841925 |  |
|  Investment Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total** | $276304 | $45385833 | $— |
| **ACCESS HIGH YIELD CORPORATE BOND ETF** |  |  |  |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations | $— | $126389448 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Bonds |  | 8842108 |  |
|  Investment Company | 2389120 |  |  |
| **Total** | $2389120 | $135231556 | $— |
| **ACCESS INFLATION PROTECTED USD BOND ETF** |  |  |  |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Inflation Indexed Bonds | $137844946 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Company | 478331 |  |  |
| **Total** | $138323277 | $— | $— |
| **ACCESS INVESTMENT GRADE CORPORATE 1-5 YEAR BOND ETF** |  |  |  |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations | $— | $5989778 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Bonds |  | 827417 |  |
| **Total** | $— | $6817195 | $— |
| **ACCESS INVESTMENT GRADE CORPORATE BOND ETF** |  |  |  |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations | $— | $422626994 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Bonds |  | 105354819 |  |
|  Investment Company | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1575054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total** | $1575054 | $527981813 | $— |
| **ACCESS TREASURY 0-1 YEAR ETF** |  |  |  |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills | $3550894084 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 690638312 |  |  |
| **Total** | $4241532396 | $— | $— |

---

------

GOLDMAN SACHS ACCESS FIXED INCOME ETFS

*November 30, 2022 (Unaudited)* 

------

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

------

---

| | | | |
|:---|:---|:---|:---|
| **ACCESS U.S. AGGREGATE BOND ETF**<br>**Investment Type** | <br>**Level 1** | <br>**Level 2** | <br>**Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes | $143054886 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities |  | 118403501 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations |  | 86003983 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 31036792 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Bonds |  | 21746869 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | 12522686 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Debt Obligations | 203908 | 8472791 |  |
|  Investment Company | 99833224 |  |  |
| **Total** | $286651496 | $234627144 | $— |
| **ACCESS ULTRA SHORT BOND ETF** |  |  |  |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations | $— | $124647936 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset- Backed Securities |  | 107442768 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities |  | 107278161 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Bonds |  | 92889081 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper |  | 24786469 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Certificate of Deposits |  | 18841583 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16242447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills | 4530310 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agency Obligations |  | 3254825 |  |
|  Investment Company | 17914792 |  |  |
| **Total** | $38687549 | $479140823 | $— |

---

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

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

At the end of 2021, certain LIBORs were discontinued, but the most widely used LIBORs may continue to be provided on a representative basis until June, 2023. The unavailability or replacement of LIBOR may affect the value, liquidity or return on certain Fund investments and may result in costs incurred in connection with closing out positions and entering into new trades. Any pricing adjustments to a Fund's investments resulting from a substitute reference rate may also adversely affect a Fund's performance and/or NAV.

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

------

GOLDMAN SACHS ACCESS FIXED INCOME ETFS

*November 30, 2022 (Unaudited)* 

------

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

------

**Interest Rate Risk** — When interest rates increase, fixed income securities or instruments held by a Fund will generally decline in value. A Fund may face a heightened level of interest rate risk in connection with the type and extent of certain monetary policy changes made by the Federal Reserve, such as target interest rate changes. Long-term fixed income securities or instruments will normally have more price volatility because of this risk than short term fixed income securities or instruments. A wide variety of market factors can cause interest rates to rise, including central bank monetary policy, rising inflation and changes in general economic conditions. The risks associated with changing interest rates may have unpredictable effects on the markets and a Fund's investments. Fluctuations in interest rates may also affect the liquidity of fixed income securities and instruments held by the Funds. A sudden or unpredictable increase in interest rates may cause volatility in the market and may decrease the liquidity of the Fund's investments, which would make it harder for the Fund to sell its investments at an advantageous time.

**Index Risk (each Fund except the Access Ultra Short Bond ETF)** — FTSE Fixed Income LLC (the "Index Provider") constructs each Fund's Index in accordance with a rules-based methodology. A Fund will be negatively affected by general declines in the securities and asset classes represented in its Index. In addition, because the Funds are not "actively" managed, unless a specific security is removed from an Index, a Fund generally would not sell a security because the security's issuer was in financial trouble. Market disruptions and regulatory restrictions could have an adverse effect on a Fund's ability to adjust its exposure to the required levels in order to track the Index. A Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, a Fund's performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers. When the Index is rebalanced and a Fund in turn rebalances its portfolio to attempt to increase the correlation between the Fund's portfolio and the Index, any transaction costs and market exposure arising from such portfolio rebalancing may be borne directly by the Fund and its shareholders. The Index Provider may utilize third party data in constructing each Index, but it does not guarantee the accuracy or availability of any such third party data. The FTSE Goldman Sachs Emerging Markets USD Bond Index, FTSE Goldman Sachs Investment Grade Corporate Bond 1-5 Years Index and FTSE Goldman Sachs US Broad Bond Market Index are new and have limited performance history. Errors in index data, index computation or the construction of an Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the applicable Fund and its shareholders. In addition, neither a Fund, the Investment Adviser nor the Index Provider can guarantee the availability or timeliness of the production of the Index.

**Investments in Other Investment Companies Risk** — As a shareholder of another investment company, a Fund will indirectly bear its proportionate share of any net management fees and other expenses paid by such other investment companies, in addition to the fees and expenses regularly borne by the Fund.

**Liquidity Risk** — A Fund may make investments that are illiquid or that may become less liquid in response to market developments or adverse investor perceptions. Illiquid investments may be more difficult to value. Liquidity risk may also refer to the risk that a Fund will not be able to pay redemption proceeds within the allowable time period or without significant dilution to remaining investors' interests because of unusual market conditions, an unusually high volume of redemption requests, or other reasons. To meet redemption requests, a Fund may be forced to sell investments at an unfavorable time and/or under unfavorable conditions. If a Fund is forced to sell securities at an unfavorable time and/or under unfavorable conditions, such sales may adversely affect the Fund's NAV and dilute remaining investors' interests. Liquidity risk may be the result of, among other things, the reduced number and capacity of traditional market participants to make a market in fixed income securities or the lack of an active market. The potential for liquidity risk may be magnified by a rising interest rate environment or other circumstances where investor redemptions from fixed income funds may be higher than normal, potentially causing increased supply in the market due to selling activity. These risks may be more pronounced in connection with a Fund's investments in securities of issuers located in emerging market countries. Redemptions by large shareholders may have a negative impact on a Fund's liquidity.

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

**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 sustain losses. 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 (except the Access Ultra Short Bond ETF) trading individually or in the aggregate at any point in time.

**Tracking Error Risk (each Fund except the Access Ultra Short Bond ETF)** — Tracking error is the divergence of a Fund's performance from that of its Index. The performance of a Fund may diverge from that of its Index for a number of reasons. Tracking error may occur because of transaction costs, a Fund's holding of cash, differences in accrual of dividends, changes to its Index or the need to meet new or existing regulatory requirements. Unlike a Fund, the returns of an Index 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.

## 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 Access Investment Grade Corporate Bond ETF

- **b. EDGAR series identifier (if any):** S000057838

- **c. LEI of Series:** 549300KGVZT18SX98G95

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $534826567.99

**Total Liabilities:** $112029.56

**Net Assets:** $534714538.43

**Cash Not Reported:** $102615.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 55.95000000 | **1-Year:** 20119.04000000 | **5-Year:** 70806.99000000 | **10-Year:** 127773.72000000 | **30-Year:** 169238.20000000

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

- **3-Month:** 4.68000000 | **1-Year:** 174.48000000 | **5-Year:** 886.18000000 | **10-Year:** 707.69000000 | **30-Year:** 513.79000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186809 | -5.48%               | -0.93%               | 5.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4267060.03             | $-31081234.68                              |
| Month 2  | $-10825785.09            | $3661799.32                                |
| Month 3  | $-1276292.96             | $26023279.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BR6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    200000 | PA      | $174565.80    | 0.03%             | 2027-06-03      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    900000 | PA      | $828291.15    | 0.15%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                                         | CUSIP: 55336VAS9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96181.70     | 0.02%             | 2029-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     98000 | PA      | $91466.34     | 0.02%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                           | Southern Copper Corp                                                            | CUSIP: 84265VAE5<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    242000 | PA      | $264405.09    | 0.05%             | 2040-04-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                            | Fifth Third Bancorp                                                             | CUSIP: 316773CH1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    190000 | PA      | $232162.14    | 0.04%             | 2038-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                    | Equinix Inc                                                                     | CUSIP: 29444UBE5<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    390000 | PA      | $343243.88    | 0.06%             | 2029-11-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HMN7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    378000 | PA      | $373024.95    | 0.07%             | 2025-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $263842.95    | 0.05%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833CX6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95577.85     | 0.02%             | 2027-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                                  | BlackRock Inc                                                                   | CUSIP: 09247XAR2<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |    200000 | PA      | $163046.10    | 0.03%             | 2031-01-28      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    744000 | PA      | $685379.87    | 0.13%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    406000 | PA      | $304674.17    | 0.06%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHR3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    420000 | PA      | $408594.48    | 0.08%             | 2025-03-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    523000 | PA      | $474518.42    | 0.09%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                 | Mastercard Inc                                                                  | CUSIP: 57636QAG9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    143000 | PA      | $137460.54    | 0.03%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                                                    | CUSIP: 931427AH1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    474000 | PA      | $465618.50    | 0.09%             | 2024-11-18      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    470000 | PA      | $417952.44    | 0.08%             | 2032-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAN8<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    214000 | PA      | $204943.95    | 0.04%             | 2027-05-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER INVESTMENT                        | Schlumberger Investment SA                                                      | CUSIP: 806854AH8<br>LEI: 529900EZ29I5KXPV2J32 | Long             | DBT              | CORP              | LU        |    310000 | PA      | $306435.78    | 0.06%             | 2023-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                              | CUSIP: 92857WBL3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $277361.25    | 0.05%             | 2038-05-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    512000 | PA      | $357402.88    | 0.07%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCL3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    102000 | PA      | $96114.35     | 0.02%             | 2038-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI                          | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HPL1<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |    550000 | PA      | $519484.08    | 0.10%             | 2025-01-21      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525BR3<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    320000 | PA      | $285343.04    | 0.05%             | 2052-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135CC8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    400000 | PA      | $285486.20    | 0.05%             | 2061-05-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833BG4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38912.16     | 0.01%             | 2025-05-13      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 53944YAE3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    490000 | PA      | $359336.11    | 0.07%             | 2048-01-09      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                       | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAD7<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506375.00    | 0.09%             | 2024-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                      | Amgen Inc                                                                       | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    900000 | PA      | $799960.05    | 0.15%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $204427.13    | 0.04%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBG3<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198928.90    | 0.04%             | 2023-10-02      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CAW9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299613.75    | 0.06%             | 2025-10-15      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AS9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91066.90     | 0.02%             | 2040-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                    | Equinix Inc                                                                     | CUSIP: 29444UBS4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $163048.90    | 0.03%             | 2031-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                            | American Tower Corp                                                             | CUSIP: 03027XBG4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    300000 | PA      | $234334.65    | 0.04%             | 2030-10-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448ES3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    210000 | PA      | $186995.97    | 0.03%             | 2030-03-19      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                            | Southern California Edison Co                                                   | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    437000 | PA      | $341298.31    | 0.06%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94000.25     | 0.02%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAH5<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51741.64     | 0.01%             | 2027-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    304000 | PA      | $268817.47    | 0.05%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BJ4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    731000 | PA      | $638440.41    | 0.12%             | 2047-08-22      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBH3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    570000 | PA      | $447360.23    | 0.08%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CF9<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    372000 | PA      | $334120.54    | 0.06%             | 2037-03-03      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    780000 | PA      | $750699.69    | 0.14%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDN8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $236793.45    | 0.04%             | 2031-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                           | Lockheed Martin Corp                                                            | CUSIP: 539830BL2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94741.75     | 0.02%             | 2046-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    164000 | PA      | $133250.00    | 0.02%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                         | Brookfield Finance Inc                                                          | CUSIP: 11271LAE2<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $114818.00    | 0.02%             | 2030-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FM3<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    300000 | PA      | $205159.35    | 0.04%             | 2049-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    282000 | PA      | $177316.10    | 0.03%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1678000 | PA      | $1174822.34   | 0.22%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78015K7H1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    257000 | PA      | $235384.89    | 0.04%             | 2025-06-10      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                   | NiSource Inc                                                                    | CUSIP: 65473QBG7<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     68000 | PA      | $53673.11     | 0.01%             | 2048-03-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582CB6<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    352000 | PA      | $342872.64    | 0.06%             | 2028-11-13      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBT7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    260000 | PA      | $211843.97    | 0.04%             | 2036-07-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $391160.70    | 0.07%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468C6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    427000 | PA      | $417767.41    | 0.08%             | 2025-07-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAQ5<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $125781.60    | 0.02%             | 2050-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                       | KLA Corp                                                                        | CUSIP: 482480AE0<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |     87000 | PA      | $86694.24     | 0.02%             | 2024-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MEZ3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    741000 | PA      | $719054.91    | 0.13%             | 2035-12-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $856486.77    | 0.16%             | 2032-11-08      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                   | ING Groep NV                                                                    | CUSIP: 456837AK9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    590000 | PA      | $584168.44    | 0.11%             | 2023-10-02      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                             | Diageo Capital PLC                                                              | CUSIP: 25243YBB4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $171894.20    | 0.03%             | 2029-10-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BX1<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    406000 | PA      | $398387.91    | 0.07%             | 2024-02-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                         | Credit Suisse Group AG                                                          | CUSIP: 225433AR2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $218323.88    | 0.04%             | 2026-04-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61761JVL0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122028.75    | 0.02%             | 2024-10-23      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1232000 | PA      | $1182319.60   | 0.22%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                    | Phillips 66                                                                     | CUSIP: 718546AY0<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    920000 | PA      | $875296.28    | 0.16%             | 2024-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    950000 | PA      | $816189.65    | 0.15%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2C6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    990000 | PA      | $977019.62    | 0.18%             | 2024-01-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                      | Adobe Inc                                                                       | CUSIP: 00724PAC3<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |     82000 | PA      | $75411.22     | 0.01%             | 2027-02-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                          | Southwest Airlines Co                                                           | CUSIP: 844741BJ6<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    270000 | PA      | $271368.90    | 0.05%             | 2025-05-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBP7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    150000 | PA      | $100075.35    | 0.02%             | 2061-02-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                       | Kaiser Foundation Hospitals                                                     | CUSIP: 48305QAF0<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    125000 | PA      | $91397.88     | 0.02%             | 2041-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    281000 | PA      | $239190.85    | 0.04%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                         | Credit Suisse AG/New York NY                                                    | CUSIP: 22550L2C4<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    950000 | PA      | $850068.55    | 0.16%             | 2025-04-09      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BFY1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243189.50    | 0.05%             | 2026-06-03      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YAV7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89600.45     | 0.02%             | 2039-03-07      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582CE0<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    282000 | PA      | $206428.37    | 0.04%             | 2049-11-07      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EAV7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    736000 | PA      | $629471.73    | 0.12%             | 2047-01-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                   | Chevron Corp                                                                    | CUSIP: 166764CA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    352000 | PA      | $262724.35    | 0.05%             | 2050-05-11      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SAR4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    310000 | PA      | $274700.46    | 0.05%             | 2044-01-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EC3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     40000 | PA      | $39290.58     | 0.01%             | 2024-02-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 780097BL4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    370000 | PA      | $332718.25    | 0.06%             | 2030-05-08      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     85000 | PA      | $77764.29     | 0.01%             | 2028-07-22      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                              | TSMC Arizona Corp                                                               | CUSIP: 872898AA9<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    260000 | PA      | $231699.39    | 0.04%             | 2026-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFB5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    304000 | PA      | $293043.23    | 0.05%             | 2027-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $304574.20    | 0.06%             | 2032-11-22      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHS1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    540000 | PA      | $458868.24    | 0.09%             | 2050-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| AETNA INC                                      | Aetna Inc                                                                       | CUSIP: 00817YAF5<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |    140000 | PA      | $149199.82    | 0.03%             | 2036-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                              | Sysco Corp                                                                      | CUSIP: 871829BL0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    329000 | PA      | $345588.18    | 0.06%             | 2030-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                         | Mondelez International Inc                                                      | CUSIP: 609207AT2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    635000 | PA      | $551821.35    | 0.10%             | 2030-04-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081FA6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    594000 | PA      | $424802.96    | 0.08%             | 2050-05-28      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29273RBD0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    608000 | PA      | $589169.33    | 0.11%             | 2025-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                     | Cigna Corp                                                                      | CUSIP: 125523CQ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    472000 | PA      | $342424.67    | 0.06%             | 2051-03-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                                       | CUSIP: 89114QCH9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $245921.67    | 0.05%             | 2025-06-12      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                                                | CUSIP: 26441CBN4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    350000 | PA      | $250539.98    | 0.05%             | 2051-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 75513ECL3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    260000 | PA      | $178056.45    | 0.03%             | 2051-09-01      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                           | BAT International Finance PLC                                                   | CUSIP: 05530QAN0<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    292000 | PA      | $258636.23    | 0.05%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBN5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    848000 | PA      | $585907.79    | 0.11%             | 2051-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                              | CUSIP: 92857WBS8<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $298106.73    | 0.06%             | 2049-06-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                                       | CUSIP: 891160MJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $506343.75    | 0.09%             | 2031-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                          | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150AQ7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    870000 | PA      | $832024.94    | 0.16%             | 2024-08-06      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160BY9<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     98000 | PA      | $93050.22     | 0.02%             | 2026-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468Y8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $322060.75    | 0.06%             | 2052-01-25      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BK5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     50000 | PA      | $32067.75     | 0.01%             | 2060-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                            | American International Group Inc                                                | CUSIP: 026874DL8<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36425.98     | 0.01%             | 2048-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBZ3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    156000 | PA      | $127812.13    | 0.02%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                           | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAL4<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208451.32    | 0.04%             | 2024-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076CG5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    826000 | PA      | $516311.95    | 0.10%             | 2051-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                       | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AJ5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    600000 | PA      | $599625.00    | 0.11%             | 2024-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBJ3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    264000 | PA      | $245413.21    | 0.05%             | 2026-09-06      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    354000 | PA      | $220518.28    | 0.04%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                            | American International Group Inc                                                | CUSIP: 026874DQ7<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    386000 | PA      | $365313.30    | 0.07%             | 2025-06-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBF2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    130000 | PA      | $122792.74    | 0.02%             | 2025-10-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                             | CUSIP: 025816CA5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    649000 | PA      | $642029.42    | 0.12%             | 2025-11-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468N2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    379000 | PA      | $394369.02    | 0.07%             | 2051-03-24      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94157.85     | 0.02%             | 2027-05-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EU3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    112000 | PA      | $103917.58    | 0.02%             | 2024-11-18      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                            | Southern California Edison Co                                                   | CUSIP: 842400GK3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $160543.50    | 0.03%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                       | CUSIP: 775109BG5<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |    594000 | PA      | $464668.38    | 0.09%             | 2048-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                                                  | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1678000 | PA      | $1638933.64   | 0.31%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FQ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    498000 | PA      | $469003.20    | 0.09%             | 2030-03-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                      | Amgen Inc                                                                       | CUSIP: 031162DG2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    480000 | PA      | $394532.16    | 0.07%             | 2062-02-22      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DG2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    506000 | PA      | $434596.32    | 0.08%             | 2047-11-13      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FOX CORP                                       | Fox Corp                                                                        | CUSIP: 35137LAJ4<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    280000 | PA      | $258664.84    | 0.05%             | 2039-01-25      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                        | Marathon Petroleum Corp                                                         | CUSIP: 56585ABH4<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    680000 | PA      | $674548.44    | 0.13%             | 2025-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDM0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    182000 | PA      | $147793.92    | 0.03%             | 2031-01-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                       | NIKE Inc                                                                        | CUSIP: 654106AE3<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    140000 | PA      | $122533.46    | 0.02%             | 2045-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2Q5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1119000 | PA      | $833088.23    | 0.16%             | 2041-04-30      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                                  | Medtronic Inc                                                                   | CUSIP: 585055BT2<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |    580000 | PA      | $556852.49    | 0.10%             | 2035-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GKB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    517000 | PA      | $342585.40    | 0.06%             | 2052-07-21      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                             | CUSIP: 025816CG2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240455.88    | 0.04%             | 2024-07-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    130000 | PA      | $93426.71     | 0.02%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                           | Boston Properties LP                                                            | CUSIP: 10112RBF0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    390000 | PA      | $286492.44    | 0.05%             | 2033-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    552000 | PA      | $526974.53    | 0.10%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081EX7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |     92000 | PA      | $85088.09     | 0.02%             | 2025-05-28      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CF4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1080000 | PA      | $1038562.02   | 0.19%             | 2030-03-31      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DW7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    672000 | PA      | $461731.54    | 0.09%             | 2050-05-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BX7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    150000 | PA      | $97630.43     | 0.02%             | 2061-08-12      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                            | Wells Fargo Bank NA                                                             | CUSIP: 92976GAJ0<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    400000 | PA      | $443435.00    | 0.08%             | 2038-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                          | Applied Materials Inc                                                           | CUSIP: 038222AL9<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124883.14    | 0.02%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAJ4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $196019.50    | 0.04%             | 2024-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140AU4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56486.22     | 0.01%             | 2026-05-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BL3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    259000 | PA      | $237532.40    | 0.04%             | 2040-03-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200KC4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $255461.85    | 0.05%             | 2049-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORP                          | Unilever Capital Corp                                                           | CUSIP: 904764BH9<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $428612.50    | 0.08%             | 2029-09-06      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                                | Deere & Co                                                                      | CUSIP: 244199BF1<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    266000 | PA      | $240333.79    | 0.04%             | 2042-06-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                                                | CUSIP: 06368FAC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $65725.65     | 0.01%             | 2026-09-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FOX CORP                                       | Fox Corp                                                                        | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    690000 | PA      | $665161.73    | 0.12%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    393000 | PA      | $268122.87    | 0.05%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1050000 | PA      | $802385.85    | 0.15%             | 2031-08-18      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    421000 | PA      | $358038.40    | 0.07%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29273RAR0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98196.80     | 0.02%             | 2042-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                          | Applied Materials Inc                                                           | CUSIP: 038222AN5<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    150000 | PA      | $123525.68    | 0.02%             | 2030-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BF8<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117664.69    | 0.02%             | 2045-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                         | Blackstone Private Credit Fund                                                  | CUSIP: 09261HAD9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     49000 | PA      | $41932.49     | 0.01%             | 2026-12-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                           | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    552000 | PA      | $467077.56    | 0.09%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                    | CUSIP: 279158AC3<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    233000 | PA      | $231835.00    | 0.04%             | 2023-09-18      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                         | Santander Holdings USA Inc                                                      | CUSIP: 80282KAW6<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1266530.93   | 0.24%             | 2024-06-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $161630.20    | 0.03%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EG4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    186000 | PA      | $155562.87    | 0.03%             | 2039-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                           | Las Vegas Sands Corp                                                            | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    170000 | PA      | $146013.85    | 0.03%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160BJ2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189404.16    | 0.04%             | 2033-12-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    800000 | PA      | $594467.60    | 0.11%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                    | CUSIP: 279158AL3<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $187125.00    | 0.03%             | 2026-06-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                             | CUSIP: 025816BR9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2912000 | PA      | $2822269.63   | 0.53%             | 2024-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                       | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1191515.00   | 0.22%             | 2027-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHK9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    290000 | PA      | $285213.70    | 0.05%             | 2024-09-11      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAV4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    550000 | PA      | $430098.35    | 0.08%             | 2047-12-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HHF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    582000 | PA      | $645642.57    | 0.12%             | 2038-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    554000 | PA      | $541220.33    | 0.10%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                              | Kinder Morgan Inc                                                               | CUSIP: 28368EAE6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $342310.80    | 0.06%             | 2032-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $891705.78    | 0.17%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBC6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    176000 | PA      | $160820.70    | 0.03%             | 2045-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                          | United Parcel Service Inc                                                       | CUSIP: 911312BW5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    448000 | PA      | $476032.26    | 0.09%             | 2050-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                         | BP Capital Markets America Inc                                                  | CUSIP: 10373QBN9<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    804000 | PA      | $533056.02    | 0.10%             | 2050-11-10      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                    | Truist Bank                                                                     | CUSIP: 89788JAA7<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    500000 | PA      | $462560.25    | 0.09%             | 2025-03-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBJ0<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96582.50     | 0.02%             | 2027-03-19      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                        | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    494000 | PA      | $486130.58    | 0.09%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    180000 | PA      | $146083.32    | 0.03%             | 2031-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                        | KeyCorp                                                                         | CUSIP: 49326EEG4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    516000 | PA      | $491029.21    | 0.09%             | 2028-04-30      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                           | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAJ9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1019000 | PA      | $899070.32    | 0.17%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                         | Mizuho Financial Group Inc                                                      | CUSIP: 60687YBP3<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $432446.00    | 0.08%             | 2027-05-22      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081DK6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103909.14    | 0.02%             | 2044-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VBT0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     60000 | PA      | $67289.55     | 0.01%             | 2043-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    422000 | PA      | $350569.54    | 0.07%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CB3<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    800000 | PA      | $753680.40    | 0.14%             | 2025-11-26      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081EV1<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88609.10     | 0.02%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2K8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    530000 | PA      | $494557.05    | 0.09%             | 2026-02-11      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DK3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    218000 | PA      | $205734.88    | 0.04%             | 2027-11-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    542000 | PA      | $376892.17    | 0.07%             | 2049-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78016EYH4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $201610.50    | 0.04%             | 2031-11-03      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DL9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    430000 | PA      | $402167.82    | 0.08%             | 2048-02-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJH3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    555000 | PA      | $531300.11    | 0.10%             | 2024-10-24      | Fixed         | 0.81%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBG5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    360000 | PA      | $253589.76    | 0.05%             | 2051-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                          | Time Warner Cable LLC                                                           | CUSIP: 88732JAY4<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    180000 | PA      | $160505.46    | 0.03%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                          | TransCanada PipeLines Ltd                                                       | CUSIP: 89352HBC2<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    433000 | PA      | $350863.58    | 0.07%             | 2031-10-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP                            | Sprint Capital Corp                                                             | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    200000 | PA      | $237892.50    | 0.04%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RDK5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    229000 | PA      | $194068.91    | 0.04%             | 2049-03-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HNJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    293000 | PA      | $285229.64    | 0.05%             | 2027-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135CH7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    600000 | PA      | $559935.00    | 0.10%             | 2032-04-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ASCENSION HEALTH                               | Ascension Health                                                                | CUSIP: 04351LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $167726.30    | 0.03%             | 2046-11-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05971KAF6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    925000 | PA      | $775717.49    | 0.15%             | 2030-05-28      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                       | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAQ7<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    416000 | PA      | $273573.04    | 0.05%             | 2060-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918CD4<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    632000 | PA      | $426649.30    | 0.08%             | 2060-06-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                           | Lockheed Martin Corp                                                            | CUSIP: 539830BD0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    380000 | PA      | $316534.30    | 0.06%             | 2045-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp                                                                    | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $925000.00    | 0.17%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78016EZZ3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $263704.20    | 0.05%             | 2026-11-02      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAF9<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    729000 | PA      | $683920.10    | 0.13%             | 2045-12-14      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBU6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    414000 | PA      | $362235.72    | 0.07%             | 2049-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                          | Costco Wholesale Corp                                                           | CUSIP: 22160KAQ8<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    876000 | PA      | $701217.41    | 0.13%             | 2032-04-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EAJ4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    330000 | PA      | $299790.15    | 0.06%             | 2045-08-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCU3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    230000 | PA      | $221116.83    | 0.04%             | 2030-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582BT8<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    330000 | PA      | $314483.57    | 0.06%             | 2026-05-10      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                            | American International Group Inc                                                | CUSIP: 026874DM6<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    377000 | PA      | $357025.03    | 0.07%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 036752AD5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    340000 | PA      | $298325.18    | 0.06%             | 2047-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833BA7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    305000 | PA      | $252107.21    | 0.05%             | 2045-02-09      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                     | FedEx Corp                                                                      | CUSIP: 31428XBG0<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    300000 | PA      | $247413.30    | 0.05%             | 2046-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476310.50    | 0.09%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    786000 | PA      | $743038.03    | 0.14%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VGC2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    555000 | PA      | $399881.39    | 0.07%             | 2061-03-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AP5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    310000 | PA      | $285032.14    | 0.05%             | 2058-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CM0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    102000 | PA      | $88574.30     | 0.02%             | 2029-09-06      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                            | Carrier Global Corp                                                             | CUSIP: 14448CAR5<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    438000 | PA      | $341541.23    | 0.06%             | 2040-04-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | Alphabet Inc                                                                    | CUSIP: 02079KAC1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    182000 | PA      | $169609.26    | 0.03%             | 2026-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM INT FIN                       | Deutsche Telekom International Finance BV                                       | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |    650000 | PA      | $773654.05    | 0.14%             | 2030-06-15      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHS2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    755000 | PA      | $728020.08    | 0.14%             | 2028-04-26      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp                                                                    | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    698000 | PA      | $553216.30    | 0.10%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGH7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    460000 | PA      | $442945.73    | 0.08%             | 2025-02-19      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBS9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    184000 | PA      | $175847.42    | 0.03%             | 2026-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    280000 | PA      | $180532.66    | 0.03%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| EVEREST REINSURANCE HLDG                       | Everest Reinsurance Holdings Inc                                                | CUSIP: 299808AH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $325338.70    | 0.06%             | 2050-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                            | CommonSpirit Health                                                             | CUSIP: 20268JAC7<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $154925.60    | 0.03%             | 2049-10-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                          | United Parcel Service Inc                                                       | CUSIP: 911312BQ8<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181079.10    | 0.03%             | 2049-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    841000 | PA      | $636265.28    | 0.12%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    400000 | PA      | $260377.20    | 0.05%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                              | CUSIP: 02005NBH2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    270000 | PA      | $262757.52    | 0.05%             | 2024-05-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    328000 | PA      | $311872.40    | 0.06%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                    | Southern Co/The                                                                 | CUSIP: 842587CX3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    430000 | PA      | $363700.02    | 0.07%             | 2046-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017CA5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85944.60     | 0.02%             | 2045-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                   | Enbridge Inc                                                                    | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    570000 | PA      | $515850.00    | 0.10%             | 2078-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $723636.67    | 0.14%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                     | Zoetis Inc                                                                      | CUSIP: 98978VAL7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    158000 | PA      | $145763.22    | 0.03%             | 2027-09-12      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YBE4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    500000 | PA      | $415841.75    | 0.08%             | 2031-12-10      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DN5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1922000 | PA      | $1731765.25   | 0.32%             | 2025-11-13      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718FM6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    500000 | PA      | $396591.50    | 0.07%             | 2030-10-29      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| LYB INTL FINANCE BV                            | LYB International Finance BV                                                    | CUSIP: 50247VAC3<br>LEI: 549300J6QSW38QNOJK61 | Long             | DBT              | CORP              | NL        |    753000 | PA      | $635204.45    | 0.12%             | 2044-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFC8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    334000 | PA      | $315421.25    | 0.06%             | 2044-01-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBL4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233674.20    | 0.04%             | 2025-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    500000 | PA      | $477421.00    | 0.09%             | 2025-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OMNICOM GP/OMNICOM CAP                         | Omnicom Group Inc / Omnicom Capital Inc                                         | CUSIP: 681919BA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    362000 | PA      | $352772.98    | 0.07%             | 2024-11-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                       | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   1252000 | PA      | $1269997.50   | 0.24%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                | Caterpillar Inc                                                                 | CUSIP: 149123CC3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    155000 | PA      | $152583.55    | 0.03%             | 2024-05-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BL7<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198113.30    | 0.04%             | 2045-11-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHN3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92566.85     | 0.02%             | 2026-07-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61744YAL2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     68000 | PA      | $57844.17     | 0.01%             | 2038-07-22      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05971KAD1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $191746.20    | 0.04%             | 2024-06-27      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448EU8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    130000 | PA      | $110871.09    | 0.02%             | 2050-03-19      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                             | CUSIP: 025816CM9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    250000 | PA      | $220623.50    | 0.04%             | 2026-11-04      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HLL2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    230000 | PA      | $212552.55    | 0.04%             | 2045-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    480000 | PA      | $396115.44    | 0.07%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                                        | CUSIP: 89236TGT6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18854.95     | 0.00%             | 2025-02-13      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VCR3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    570000 | PA      | $557731.89    | 0.10%             | 2024-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                         | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $879701.95    | 0.16%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                | Caterpillar Inc                                                                 | CUSIP: 149123CF6<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    246000 | PA      | $190558.37    | 0.04%             | 2049-09-19      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RAH0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    400000 | PA      | $384270.00    | 0.07%             | 2028-04-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                             | Union Pacific Corp                                                              | CUSIP: 907818FW3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     95000 | PA      | $66115.30     | 0.01%             | 2052-03-10      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                    | Netflix Inc                                                                     | CUSIP: 64110LAX4<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    227000 | PA      | $234945.00    | 0.04%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YAQ2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1732000 | PA      | $1685370.23   | 0.32%             | 2025-05-14      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HJA9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    300000 | PA      | $233582.10    | 0.04%             | 2030-07-22      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    562000 | PA      | $542056.59    | 0.10%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                             | Union Pacific Corp                                                              | CUSIP: 907818FG8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    408000 | PA      | $320924.23    | 0.06%             | 2060-03-20      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                         | Diamondback Energy Inc                                                          | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    515000 | PA      | $478277.67    | 0.09%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                           | Western Digital Corp                                                            | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    968000 | PA      | $917180.00    | 0.17%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    680000 | PA      | $733338.86    | 0.14%             | 2036-12-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS                                 | ConocoPhillips                                                                  | CUSIP: 20825CAQ7<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | DBT              | CORP              | US        |    410000 | PA      | $469618.51    | 0.09%             | 2039-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                                  | Sempra Energy                                                                   | CUSIP: 816851BJ7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    240000 | PA      | $184905.24    | 0.03%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172BM0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48384.40     | 0.01%             | 2024-11-10      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1106853.27   | 0.21%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                                                | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    390000 | PA      | $363370.22    | 0.07%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833CG3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73614.30     | 0.01%             | 2024-02-09      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HRX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    184000 | PA      | $172802.68    | 0.03%             | 2027-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                            | Nomura Holdings Inc                                                             | CUSIP: 65535HBA6<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    330000 | PA      | $261125.37    | 0.05%             | 2032-01-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $165809.75    | 0.03%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CW8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    154000 | PA      | $152591.13    | 0.03%             | 2025-03-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGA2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48741.48     | 0.01%             | 2024-09-09      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    339000 | PA      | $305249.84    | 0.06%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BQ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    548000 | PA      | $541310.84    | 0.10%             | 2024-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                    | MetLife Inc                                                                     | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    796000 | PA      | $760130.65    | 0.14%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBH3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    595000 | PA      | $565241.08    | 0.11%             | 2033-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    410000 | PA      | $359775.00    | 0.07%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687EB8<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     75000 | PA      | $83480.25     | 0.02%             | 2035-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448DD7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287864.40    | 0.05%             | 2046-04-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                                 | Halliburton Co                                                                  | CUSIP: 406216AY7<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $285050.50    | 0.05%             | 2039-09-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BA2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $408780.75    | 0.08%             | 2032-04-23      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                        | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1466000 | PA      | $1378572.89   | 0.26%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    290000 | PA      | $227133.66    | 0.04%             | 2032-07-21      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 036752AH6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    318000 | PA      | $285092.25    | 0.05%             | 2048-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJZ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    290000 | PA      | $284051.52    | 0.05%             | 2026-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ASCENSION HEALTH                               | Ascension Health                                                                | CUSIP: 04352EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    440000 | PA      | $380155.60    | 0.07%             | 2029-11-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135CD6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243713.88    | 0.05%             | 2024-04-13      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                | Tyson Foods Inc                                                                 | CUSIP: 902494BH5<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    486000 | PA      | $462035.10    | 0.09%             | 2048-09-28      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                    | CUSIP: 279158AE9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    178000 | PA      | $148630.00    | 0.03%             | 2043-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                             | Cenovus Energy Inc                                                              | CUSIP: 15135UAR0<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    322000 | PA      | $297349.45    | 0.06%             | 2047-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214DF7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    146000 | PA      | $132550.33    | 0.02%             | 2031-11-23      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFL8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    236000 | PA      | $230536.36    | 0.04%             | 2026-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJD2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1718000 | PA      | $1552322.09   | 0.29%             | 2026-06-19      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78016EZQ3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    130000 | PA      | $115628.57    | 0.02%             | 2026-04-27      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    382000 | PA      | $402726.37    | 0.08%             | 2059-01-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 29446MAJ1<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $183686.20    | 0.03%             | 2026-01-22      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 780097BG5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $323185.82    | 0.06%             | 2029-05-18      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHW3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    387000 | PA      | $344016.10    | 0.06%             | 2029-07-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140AK6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    264000 | PA      | $247588.18    | 0.05%             | 2041-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                        | Canadian Natural Resources Ltd                                                  | CUSIP: 136385AY7<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    214000 | PA      | $193117.67    | 0.04%             | 2047-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EBP9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    960000 | PA      | $728319.36    | 0.14%             | 2035-09-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 53944YAF0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    940000 | PA      | $917875.22    | 0.17%             | 2025-05-08      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCR0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1156000 | PA      | $1138875.59   | 0.21%             | 2024-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582BY7<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    334000 | PA      | $269885.53    | 0.05%             | 2046-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAA4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    534000 | PA      | $454121.34    | 0.08%             | 2048-02-22      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                           | CUSIP: 05531FBE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    280000 | PA      | $272702.36    | 0.05%             | 2025-06-05      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                            | Dow Chemical Co/The                                                             | CUSIP: 260543DD2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $143140.40    | 0.03%             | 2050-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FK7<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    632000 | PA      | $600961.53    | 0.11%             | 2024-08-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                        | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    100000 | PA      | $97958.35     | 0.02%             | 2024-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                          | Texas Instruments Inc                                                           | CUSIP: 882508BD5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    469000 | PA      | $415727.23    | 0.08%             | 2048-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $221962.19    | 0.04%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264ABX2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    300000 | PA      | $239236.65    | 0.04%             | 2031-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $516347.30    | 0.10%             | 2051-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AETNA INC                                      | Aetna Inc                                                                       | CUSIP: 00817YAZ1<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |    248000 | PA      | $193171.04    | 0.04%             | 2047-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RKE1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    130000 | PA      | $90140.64     | 0.02%             | 2052-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HHV5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    147000 | PA      | $150783.12    | 0.03%             | 2040-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                            | General Electric Co                                                             | CUSIP: 36962GXZ2<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    135000 | PA      | $153187.00    | 0.03%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                                            | CUSIP: 96949LAC9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180332.80    | 0.03%             | 2045-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    251000 | PA      | $226756.29    | 0.04%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                       | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAK0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $414780.50    | 0.08%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    500000 | PA      | $482847.25    | 0.09%             | 2024-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $80107.25     | 0.01%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAR7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    518000 | PA      | $486928.81    | 0.09%             | 2029-04-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                              | TSMC Arizona Corp                                                               | CUSIP: 872898AE1<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    720000 | PA      | $522851.04    | 0.10%             | 2051-10-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2L6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190189.50    | 0.04%             | 2031-04-04      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                            | Gilead Sciences Inc                                                             | CUSIP: 375558BT9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $332530.25    | 0.06%             | 2050-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CY4<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    220000 | PA      | $148624.41    | 0.03%             | 2060-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                       | EQT Corp                                                                        | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185500.00    | 0.03%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140AV2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    290000 | PA      | $241870.73    | 0.05%             | 2046-05-19      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $473662.00    | 0.09%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RBK7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    330000 | PA      | $274833.74    | 0.05%             | 2045-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                    | Equinix Inc                                                                     | CUSIP: 29444UBC9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76070.60     | 0.01%             | 2024-11-18      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    710000 | PA      | $662248.24    | 0.12%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448DY1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     68000 | PA      | $64192.10     | 0.01%             | 2027-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 86765BAV1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    283000 | PA      | $244230.70    | 0.05%             | 2047-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV FIN                       | Anheuser-Busch InBev Finance Inc                                                | CUSIP: 035242AB2<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86509.65     | 0.02%             | 2043-01-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1443590.96   | 0.27%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFA7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141686.78    | 0.03%             | 2045-12-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                       | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    108000 | PA      | $101514.60    | 0.02%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA LTD                          | Rio Tinto Finance USA Ltd                                                       | CUSIP: 767201AD8<br>LEI: 213800RX94ZKEZXPKH58 | Long             | DBT              | CORP              | AU        |     80000 | PA      | $88650.64     | 0.02%             | 2028-07-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525AK9<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    396000 | PA      | $378955.96    | 0.07%             | 2045-05-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJM3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10230.04     | 0.00%             | 2043-08-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140AS9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    203000 | PA      | $199467.90    | 0.04%             | 2025-07-29      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DZ0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    239000 | PA      | $157203.45    | 0.03%             | 2050-08-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196705.80    | 0.04%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBB8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    157000 | PA      | $154192.37    | 0.03%             | 2024-02-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    510000 | PA      | $393306.65    | 0.07%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                          | TransCanada PipeLines Ltd                                                       | CUSIP: 8935268Z9<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    420000 | PA      | $490123.41    | 0.09%             | 2039-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CQ5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     50000 | PA      | $41097.63     | 0.01%             | 2030-09-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                         | BP Capital Markets America Inc                                                  | CUSIP: 10373QAT7<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143454.53    | 0.03%             | 2026-05-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                       | NIKE Inc                                                                        | CUSIP: 654106AF0<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    115000 | PA      | $106960.06    | 0.02%             | 2026-11-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBK7<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    700000 | PA      | $658220.85    | 0.12%             | 2030-03-19      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                          | Entergy Louisiana LLC                                                           | CUSIP: 29364WBB3<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    242000 | PA      | $203230.75    | 0.04%             | 2048-09-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJT8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148338.68    | 0.03%             | 2024-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                       | American Water Capital Corp                                                     | CUSIP: 03040WBA2<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    426000 | PA      | $410928.33    | 0.08%             | 2032-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                          | Northrop Grumman Corp                                                           | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    290000 | PA      | $273296.00    | 0.05%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                 | Mastercard Inc                                                                  | CUSIP: 57636QAR5<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    144000 | PA      | $138673.80    | 0.03%             | 2027-03-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAK8<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $238173.45    | 0.04%             | 2040-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1208000 | PA      | $1118370.02   | 0.21%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    400000 | PA      | $264011.20    | 0.05%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJU5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    480000 | PA      | $449826.72    | 0.08%             | 2044-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                 | Air Lease Corp                                                                  | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1078684.43   | 0.20%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFX7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    100000 | PA      | $78252.55     | 0.01%             | 2030-10-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFH7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    836000 | PA      | $822843.03    | 0.15%             | 2024-08-26      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAW2<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $151868.80    | 0.03%             | 2057-12-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    404000 | PA      | $368650.00    | 0.07%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $394140.50    | 0.07%             | 2032-10-20      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                                  | Sempra Energy                                                                   | CUSIP: 816851BG3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232822.38    | 0.04%             | 2028-02-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78016EZM2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $44330.30     | 0.01%             | 2026-01-20      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                          | Texas Instruments Inc                                                           | CUSIP: 882508BG8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    232000 | PA      | $200564.23    | 0.04%             | 2029-09-04      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    955000 | PA      | $841697.37    | 0.16%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YAX3<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    240000 | PA      | $226401.96    | 0.04%             | 2029-03-07      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                   | ING Groep NV                                                                    | CUSIP: 456837AP8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $293260.05    | 0.05%             | 2024-04-09      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    504000 | PA      | $464987.63    | 0.09%             | 2030-02-07      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                        | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111FY4<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    400000 | PA      | $326250.60    | 0.06%             | 2050-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBP9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $384586.40    | 0.07%             | 2027-04-02      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                       | TotalEnergies Capital SA                                                        | CUSIP: 89152UAH5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    344000 | PA      | $333895.00    | 0.06%             | 2028-10-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    910000 | PA      | $746792.87    | 0.14%             | 2051-03-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BU9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    400000 | PA      | $251379.40    | 0.05%             | 2060-06-03      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                            | Synchrony Financial                                                             | CUSIP: 87165BAD5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    770000 | PA      | $752451.32    | 0.14%             | 2024-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 617482V92<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    758000 | PA      | $840690.98    | 0.16%             | 2042-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448DN5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    166000 | PA      | $154970.46    | 0.03%             | 2026-10-06      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 94973VAY3<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     84000 | PA      | $75686.18     | 0.01%             | 2042-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CR3<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     46000 | PA      | $32449.85     | 0.01%             | 2040-09-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172BD0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $129648.90    | 0.02%             | 2043-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 85771PAN2<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |     70000 | PA      | $69067.50     | 0.01%             | 2024-03-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                      | ONEOK Inc                                                                       | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189883.10    | 0.04%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448FF0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    290000 | PA      | $217676.18    | 0.04%             | 2041-10-21      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBD3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    130000 | PA      | $121378.53    | 0.02%             | 2026-08-16      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214DW0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     40000 | PA      | $37763.38     | 0.01%             | 2028-01-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                          | Northrop Grumman Corp                                                           | CUSIP: 666807BS0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294081.15    | 0.05%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CR9<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48333.23     | 0.01%             | 2027-03-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DB3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    692000 | PA      | $651997.56    | 0.12%             | 2027-09-12      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GE CAPITAL INTL FUNDING                        | GE Capital International Funding Co Unlimited Co                                | CUSIP: 36164QNA2<br>LEI: 549300G6UZOB126GBY72 | Long             | DBT              | CORP              | IE        |   1772000 | PA      | $1675599.66   | 0.31%             | 2035-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                    | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    398000 | PA      | $357205.00    | 0.07%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBT4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    146000 | PA      | $128571.18    | 0.02%             | 2048-10-06      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081EN9<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    391000 | PA      | $386398.71    | 0.07%             | 2023-09-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                        | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     98000 | PA      | $89915.64     | 0.02%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                             | Union Pacific Corp                                                              | CUSIP: 907818FS2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    646000 | PA      | $485200.91    | 0.09%             | 2071-04-06      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833AT7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    310000 | PA      | $301995.18    | 0.06%             | 2044-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216DL1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    100000 | PA      | $75236.15     | 0.01%             | 2051-03-05      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BN9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90958.80     | 0.02%             | 2060-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 780097BP5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    355000 | PA      | $314034.07    | 0.06%             | 2028-05-22      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017DD8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1060334.28   | 0.20%             | 2025-08-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                         | Mondelez International Inc                                                      | CUSIP: 609207AW5<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    490000 | PA      | $316093.37    | 0.06%             | 2050-09-04      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                         | BP Capital Markets America Inc                                                  | CUSIP: 10373QBM1<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    230000 | PA      | $185704.30    | 0.03%             | 2030-08-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                              | CUSIP: 92857WBM1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    498000 | PA      | $449069.51    | 0.08%             | 2048-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280AM1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     90000 | PA      | $92088.54     | 0.02%             | 2042-01-14      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FX9<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1016259.66   | 0.19%             | 2031-01-13      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                             | CUSIP: 025816CX5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    192000 | PA      | $185475.36    | 0.03%             | 2033-05-26      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    710000 | PA      | $620879.03    | 0.12%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    560000 | PA      | $449144.36    | 0.08%             | 2031-02-09      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    560000 | PA      | $580399.40    | 0.11%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GAZ5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    600000 | PA      | $440834.40    | 0.08%             | 2049-08-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $592890.00    | 0.11%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187358.80    | 0.04%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                       | Devon Energy Corp                                                               | CUSIP: 25179MAU7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89295.30     | 0.02%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC INC                                  | Medtronic Inc                                                                   | CUSIP: 585055BU9<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |    385000 | PA      | $364805.79    | 0.07%             | 2045-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1192000 | PA      | $1113966.32   | 0.21%             | 2051-04-04      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YAS8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $458846.25    | 0.09%             | 2045-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                    | MetLife Inc                                                                     | CUSIP: 59156RBG2<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47255.40     | 0.01%             | 2043-11-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 29446MAD4<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    460000 | PA      | $442166.49    | 0.08%             | 2025-04-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122CR7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    810000 | PA      | $725704.52    | 0.14%             | 2049-10-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGT1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    293000 | PA      | $240532.78    | 0.04%             | 2046-06-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                     | Cigna Corp                                                                      | CUSIP: 125523AG5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2482000 | PA      | $2435187.00   | 0.46%             | 2025-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CV0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    330000 | PA      | $272287.95    | 0.05%             | 2030-06-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RAF4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    636000 | PA      | $596207.07    | 0.11%             | 2028-01-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                | Tyson Foods Inc                                                                 | CUSIP: 902494AX1<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117842.76    | 0.02%             | 2024-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                 | Eli Lilly & Co                                                                  | CUSIP: 532457BZ0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     92000 | PA      | $58069.76     | 0.01%             | 2060-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                       | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAW4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    360000 | PA      | $349954.20    | 0.07%             | 2033-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718FW4<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    110000 | PA      | $94084.21     | 0.02%             | 2032-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                             | CUSIP: 025816CC1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    240000 | PA      | $235855.20    | 0.04%             | 2024-02-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61746BDZ6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    610000 | PA      | $592284.99    | 0.11%             | 2026-01-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 75513ECK5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    304000 | PA      | $268055.19    | 0.05%             | 2047-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBS4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192206.60    | 0.04%             | 2024-09-16      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                        | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $906915.13    | 0.17%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCY5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    447000 | PA      | $355095.01    | 0.07%             | 2039-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $560165.18    | 0.10%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| WYETH LLC                                      | Wyeth LLC                                                                       | CUSIP: 983024AN0<br>LEI: 549300Q9GR3WRH4N4836 | Long             | DBT              | CORP              | US        |    100000 | PA      | $109755.00    | 0.02%             | 2037-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AX3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    568000 | PA      | $528368.94    | 0.10%             | 2026-07-23      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBA3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288337.65    | 0.05%             | 2027-01-29      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                            | Abbott Laboratories                                                             | CUSIP: 002824BE9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    198000 | PA      | $195172.16    | 0.04%             | 2023-11-30      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $897200.93    | 0.17%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BS2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    470000 | PA      | $426475.18    | 0.08%             | 2036-08-08      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                      | Adobe Inc                                                                       | CUSIP: 00724FAC5<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    192000 | PA      | $187647.07    | 0.04%             | 2025-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                     | Cigna Corp                                                                      | CUSIP: 125523CF5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    130000 | PA      | $119277.47    | 0.02%             | 2046-07-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFP9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106641.70    | 0.02%             | 2025-04-21      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                               | Fifth Third Bank NA                                                             | CUSIP: 31677AAB0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    560000 | PA      | $535961.16    | 0.10%             | 2026-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHU6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    296000 | PA      | $252210.94    | 0.05%             | 2040-04-23      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                              | EOG Resources Inc                                                               | CUSIP: 26875PAU5<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    312000 | PA      | $307522.96    | 0.06%             | 2030-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                        | Jefferies Financial Group Inc                                                   | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    611000 | PA      | $462674.86    | 0.09%             | 2031-10-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCE9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    305000 | PA      | $246148.42    | 0.05%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687EH5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    100000 | PA      | $114827.20    | 0.02%             | 2037-11-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                        | KeyCorp                                                                         | CUSIP: 49326EEJ8<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    274000 | PA      | $232066.22    | 0.04%             | 2029-10-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718FH7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275547.30    | 0.05%             | 2030-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076CJ9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    400000 | PA      | $323452.20    | 0.06%             | 2031-09-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                   | ING Groep NV                                                                    | CUSIP: 456837AH6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $189039.50    | 0.04%             | 2027-03-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp/The                                                         | CUSIP: 808513BT1<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    300000 | PA      | $237846.60    | 0.04%             | 2031-12-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BB9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    548000 | PA      | $529497.05    | 0.10%             | 2025-02-12      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                       | Cooperatieve Rabobank UA                                                        | CUSIP: 21685WCJ4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    186000 | PA      | $191352.62    | 0.04%             | 2041-05-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    261000 | PA      | $238775.33    | 0.04%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525AV5<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $221032.50    | 0.04%             | 2047-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    596000 | PA      | $515286.70    | 0.10%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AT2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    290000 | PA      | $268928.89    | 0.05%             | 2027-05-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                    | PNC Bank NA                                                                     | CUSIP: 69353RFG8<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    860000 | PA      | $802133.18    | 0.15%             | 2027-10-25      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CT4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $425849.05    | 0.08%             | 2032-05-24      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| AON CORP/AON GLOBAL HOLD                       | Aon Corp / Aon Global Holdings PLC                                              | CUSIP: 03740LAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $78339.40     | 0.01%             | 2052-02-28      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                            | Abbott Laboratories                                                             | CUSIP: 002824BB5<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    363000 | PA      | $351286.53    | 0.07%             | 2025-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB                           | Utah Acquisition Sub Inc                                                        | CUSIP: 62854AAP9<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |    200000 | PA      | $153500.00    | 0.03%             | 2046-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1339000 | PA      | $925337.37    | 0.17%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SAS2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78756.28     | 0.01%             | 2024-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                              | Lam Research Corp                                                               | CUSIP: 512807AV0<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    228000 | PA      | $188077.43    | 0.04%             | 2030-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAE2<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    480000 | PA      | $461057.76    | 0.09%             | 2035-12-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                         | Berkshire Hathaway Finance Corp                                                 | CUSIP: 084664DA6<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    330000 | PA      | $289267.77    | 0.05%             | 2032-03-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                           | Southern Copper Corp                                                            | CUSIP: 84265VAJ4<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    241000 | PA      | $242146.68    | 0.05%             | 2045-04-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                            | LYB International Finance III LLC                                               | CUSIP: 50249AAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $261807.00    | 0.05%             | 2050-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EF6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $85882.95     | 0.02%             | 2034-07-24      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS                        | Spectra Energy Partners LP                                                      | CUSIP: 84756NAD1<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |    320000 | PA      | $318429.92    | 0.06%             | 2024-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CNOOC FINANCE 2015 US                          | CNOOC Finance 2015 USA LLC                                                      | CUSIP: 12634MAE0<br>LEI: 549300Q3CTIH31RFPO82 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196309.30    | 0.04%             | 2028-05-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                    | Equinix Inc                                                                     | CUSIP: 29444UBH8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    300000 | PA      | $241343.55    | 0.05%             | 2030-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS INC                         | Chubb INA Holdings Inc                                                          | CUSIP: 00440EAW7<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    472000 | PA      | $421159.94    | 0.08%             | 2045-11-03      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    722000 | PA      | $703352.91    | 0.13%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081EW9<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    398000 | PA      | $354612.43    | 0.07%             | 2030-04-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607GAP9<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    370000 | PA      | $360905.96    | 0.07%             | 2024-04-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBC5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    302000 | PA      | $289667.23    | 0.05%             | 2024-08-16      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup Inc                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $410145.75    | 0.08%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAL6<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90868.75     | 0.02%             | 2027-04-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCN9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    439000 | PA      | $404280.37    | 0.08%             | 2058-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PCD6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $74098.70     | 0.01%             | 2042-04-22      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| DANAHER CORP                                   | Danaher Corp                                                                    | CUSIP: 235851AW2<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |    340000 | PA      | $234846.50    | 0.04%             | 2051-12-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                       | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AM8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499862.50    | 0.09%             | 2025-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                                                | CUSIP: 06368DH72<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    204000 | PA      | $155667.61    | 0.03%             | 2037-01-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                          | Reynolds American Inc                                                           | CUSIP: 761713BG0<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    575000 | PA      | $565175.26    | 0.11%             | 2025-06-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YDA4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    300000 | PA      | $279709.95    | 0.05%             | 2044-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                       | National Australia Bank Ltd/New York                                            | CUSIP: 63254AAS7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    940000 | PA      | $871124.79    | 0.16%             | 2026-07-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $989101.32    | 0.18%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                           | Las Vegas Sands Corp                                                            | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    190000 | PA      | $172412.65    | 0.03%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05971KAL3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    536000 | PA      | $393823.59    | 0.07%             | 2032-11-22      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                        | Simon Property Group LP                                                         | CUSIP: 828807DH7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    284000 | PA      | $189486.79    | 0.04%             | 2049-09-13      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918CE2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $860766.40    | 0.16%             | 2052-03-17      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BW5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    732000 | PA      | $689507.40    | 0.13%             | 2024-05-12      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                           | CUSIP: 89788MAB8<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    750000 | PA      | $604914.38    | 0.11%             | 2030-06-05      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                           | Kraft Heinz Foods Co                                                            | CUSIP: 50076QAR7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    250000 | PA      | $277563.00    | 0.05%             | 2039-01-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833ED8<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    850000 | PA      | $694587.28    | 0.13%             | 2031-02-08      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017BT5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    500000 | PA      | $465883.50    | 0.09%             | 2042-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833CD0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    306000 | PA      | $266457.30    | 0.05%             | 2046-08-04      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833AZ3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    112000 | PA      | $107505.05    | 0.02%             | 2025-02-09      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DD9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    270000 | PA      | $230155.97    | 0.04%             | 2047-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YCX5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1452000 | PA      | $1420776.92   | 0.27%             | 2025-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                       | KLA Corp                                                                        | CUSIP: 482480AJ9<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    100000 | PA      | $75151.40     | 0.01%             | 2050-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                              | State Street Corp                                                               | CUSIP: 857477AW3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    160000 | PA      | $151425.68    | 0.03%             | 2026-05-19      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                         | Mizuho Financial Group Inc                                                      | CUSIP: 60687YAS8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $491530.50    | 0.09%             | 2024-09-11      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| ACTIVISION BLIZZARD                            | Activision Blizzard Inc                                                         | CUSIP: 00507VAK5<br>LEI: 549300TPQQDBP9GNOF40 | Long             | DBT              | CORP              | US        |    536000 | PA      | $515567.95    | 0.10%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FS0<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    270000 | PA      | $254389.82    | 0.05%             | 2050-03-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                              | State Street Corp                                                               | CUSIP: 857477AM5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    339000 | PA      | $334531.81    | 0.06%             | 2023-11-20      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $184570.40    | 0.03%             | 2025-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526BY4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    130000 | PA      | $125573.57    | 0.02%             | 2024-05-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                       | Banco Bilbao Vizcaya Argentaria SA                                              | CUSIP: 05946KAJ0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $178825.70    | 0.03%             | 2025-09-18      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200KJ9<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   1086000 | PA      | $895196.86    | 0.17%             | 2030-05-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                          | Southwest Airlines Co                                                           | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126079.81    | 0.02%             | 2027-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PCD2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    838000 | PA      | $751926.93    | 0.14%             | 2043-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    462000 | PA      | $434232.88    | 0.08%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CL6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    245000 | PA      | $212919.33    | 0.04%             | 2038-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                 | Mastercard Inc                                                                  | CUSIP: 57636QAN4<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85704.75     | 0.02%             | 2025-03-03      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV FIN                       | Anheuser-Busch InBev Finance Inc                                                | CUSIP: 03524BAF3<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |    226000 | PA      | $206226.58    | 0.04%             | 2044-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    400000 | PA      | $257893.20    | 0.05%             | 2050-11-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                           | CUSIP: 89788MAA0<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135535.13    | 0.03%             | 2025-08-05      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297420.00    | 0.06%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135AQ9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    284000 | PA      | $285769.75    | 0.05%             | 2044-12-05      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PDQ2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    631000 | PA      | $568317.72    | 0.11%             | 2048-12-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                      | Amgen Inc                                                                       | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    500000 | PA      | $455642.00    | 0.09%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                              | Sysco Corp                                                                      | CUSIP: 871829BC0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    604000 | PA      | $573556.59    | 0.11%             | 2026-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                                            | CUSIP: 96949LAE5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    240000 | PA      | $210973.68    | 0.04%             | 2048-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                           | CUSIP: 05531FBH5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239867.88    | 0.04%             | 2024-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAR2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    220000 | PA      | $195068.83    | 0.04%             | 2030-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                          | TransCanada PipeLines Ltd                                                       | CUSIP: 89352HAZ2<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $140061.60    | 0.03%             | 2049-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    175000 | PA      | $132912.94    | 0.02%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    346000 | PA      | $340344.63    | 0.06%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE                          | Molson Coors Beverage Co                                                        | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $938923.50    | 0.18%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CK8<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237397.25    | 0.04%             | 2028-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                         | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    326000 | PA      | $301292.30    | 0.06%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                 | Mastercard Inc                                                                  | CUSIP: 57636QAP9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    240000 | PA      | $223934.28    | 0.04%             | 2030-03-26      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61772BAC7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    290000 | PA      | $218640.57    | 0.04%             | 2042-04-22      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBH4<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    742000 | PA      | $718862.96    | 0.13%             | 2025-03-19      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFM6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    340000 | PA      | $331138.58    | 0.06%             | 2025-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                    | Phillips 66                                                                     | CUSIP: 718546AL8<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187284.40    | 0.04%             | 2044-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                          | TransCanada PipeLines Ltd                                                       | CUSIP: 89352HAM1<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $368729.00    | 0.07%             | 2034-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PCE4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    570000 | PA      | $412883.21    | 0.08%             | 2052-04-22      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                          | General Dynamics Corp                                                           | CUSIP: 369550BL1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287788.65    | 0.05%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138165.68    | 0.03%             | 2029-03-05      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AM2<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    429000 | PA      | $394358.04    | 0.07%             | 2038-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 86765BAU3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94064.40     | 0.02%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RDJ8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    329000 | PA      | $275210.15    | 0.05%             | 2048-03-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2H5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472127.00    | 0.09%             | 2025-10-30      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFX2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    220000 | PA      | $211069.43    | 0.04%             | 2026-04-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                       | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAL8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    566000 | PA      | $395105.64    | 0.07%             | 2050-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918CA0<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238928.75    | 0.04%             | 2047-02-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                                       | CUSIP: 89114QCP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $291840.12    | 0.05%             | 2026-01-06      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                          | United Parcel Service Inc                                                       | CUSIP: 911312BR6<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    792000 | PA      | $744316.45    | 0.14%             | 2029-03-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                | CUSIP: 925524AH3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    120000 | PA      | $129809.28    | 0.02%             | 2030-07-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAX9<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    300000 | PA      | $212541.75    | 0.04%             | 2041-04-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833EF3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    680000 | PA      | $468027.68    | 0.09%             | 2051-02-08      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96443.90     | 0.02%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDG3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    220000 | PA      | $201795.88    | 0.04%             | 2030-04-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                         | BP Capital Markets PLC                                                          | CUSIP: 05565QDN5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    764000 | PA      | $720460.02    | 0.13%             | 2027-09-19      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| MYLAN INC                                      | Mylan Inc                                                                       | CUSIP: 628530BJ5<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |    200000 | PA      | $156545.60    | 0.03%             | 2048-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172BQ1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    690000 | PA      | $662234.06    | 0.12%             | 2025-08-11      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                                | Deere & Co                                                                      | CUSIP: 244199BK0<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    190000 | PA      | $163887.35    | 0.03%             | 2050-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YBD0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    320000 | PA      | $300751.04    | 0.06%             | 2048-11-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 780097BK6<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    665000 | PA      | $646126.64    | 0.12%             | 2025-03-22      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                             | Valero Energy Corp                                                              | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    320000 | PA      | $346349.28    | 0.06%             | 2037-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    960000 | PA      | $901083.84    | 0.17%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081ES8<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98152.35     | 0.02%             | 2024-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VCM4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    364000 | PA      | $341900.10    | 0.06%             | 2054-08-21      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                                             | CUSIP: 025816CF4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    470000 | PA      | $445960.68    | 0.08%             | 2026-05-20      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    760000 | PA      | $701533.58    | 0.13%             | 2027-10-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                    | NVIDIA Corp                                                                     | CUSIP: 67066GAN4<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    400000 | PA      | $324597.40    | 0.06%             | 2031-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    459000 | PA      | $436437.63    | 0.08%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                            | Dow Chemical Co/The                                                             | CUSIP: 260543CG6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $165883.10    | 0.03%             | 2042-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 539439AQ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $445972.50    | 0.08%             | 2028-11-07      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBU9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     80000 | PA      | $61472.44     | 0.01%             | 2031-11-19      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140AY6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    224000 | PA      | $184266.21    | 0.03%             | 2047-05-11      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MYLAN INC                                      | Mylan Inc                                                                       | CUSIP: 628530BK2<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |    195000 | PA      | $185102.68    | 0.03%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                       | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAX2<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    392000 | PA      | $377171.62    | 0.07%             | 2052-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                          | Time Warner Cable LLC                                                           | CUSIP: 88732JAU2<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    322000 | PA      | $314036.78    | 0.06%             | 2039-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 539439AR0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    940000 | PA      | $884083.63    | 0.17%             | 2028-03-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                       | CUSIP: 775109AY7<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $69242.18     | 0.01%             | 2023-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RAP2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114619.32    | 0.02%             | 2023-12-07      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                       | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    430000 | PA      | $421937.50    | 0.08%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                            | American International Group Inc                                                | CUSIP: 026874DF1<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    204000 | PA      | $183615.61    | 0.03%             | 2045-07-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172AU3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    110000 | PA      | $82965.25     | 0.02%             | 2042-08-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MANULIFE FINANCIAL CORP                        | Manulife Financial Corp                                                         | CUSIP: 56501RAD8<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |    186000 | PA      | $179877.53    | 0.03%             | 2046-03-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081ET6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    276000 | PA      | $261873.22    | 0.05%             | 2029-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216DC1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $168038.25    | 0.03%             | 2051-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YBB0<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    960000 | PA      | $632041.92    | 0.12%             | 2050-06-24      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 85771PAK8<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |     70000 | PA      | $68345.62     | 0.01%             | 2024-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     50000 | PA      | $40053.60     | 0.01%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                    | Walmart Inc                                                                     | CUSIP: 931142EE9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    526000 | PA      | $513551.68    | 0.10%             | 2028-06-26      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CX6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    430000 | PA      | $295521.16    | 0.06%             | 2050-06-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1694000 | PA      | $1418573.39   | 0.27%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                    | Exelon Corp                                                                     | CUSIP: 30161NAY7<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    288000 | PA      | $255220.56    | 0.05%             | 2050-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                          | Micron Technology Inc                                                           | CUSIP: 595112BP7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    543000 | PA      | $520601.25    | 0.10%             | 2027-02-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                            | Abbott Laboratories                                                             | CUSIP: 002824BG4<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    138000 | PA      | $138618.65    | 0.03%             | 2036-11-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                        | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                         | CUSIP: 05723KAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $224496.72    | 0.04%             | 2027-12-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund                                  | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   1572074 | NS      | $1572074.33   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHX1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77164.80     | 0.01%             | 2024-07-30      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                        | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    379000 | PA      | $437579.19    | 0.08%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BD3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144921.53    | 0.03%             | 2044-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                            | Dow Chemical Co/The                                                             | CUSIP: 260543BJ1<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    440000 | PA      | $489809.98    | 0.09%             | 2029-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAM4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    289000 | PA      | $249926.48    | 0.05%             | 2030-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1035000 | PA      | $993809.59    | 0.19%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    798000 | PA      | $786278.18    | 0.15%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448EP9<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    200000 | PA      | $148698.90    | 0.03%             | 2049-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAY2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    389000 | PA      | $385312.09    | 0.07%             | 2024-12-05      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 539439AN9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $172734.90    | 0.03%             | 2045-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                           | CUSIP: 89788MAD4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    550000 | PA      | $486365.55    | 0.09%             | 2027-03-02      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJR1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    220000 | PA      | $205662.71    | 0.04%             | 2025-04-22      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468J1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476835.25    | 0.09%             | 2025-07-22      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                          | Time Warner Cable LLC                                                           | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    381000 | PA      | $324508.37    | 0.06%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                              | Sysco Corp                                                                      | CUSIP: 871829BN6<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    270000 | PA      | $303571.94    | 0.06%             | 2050-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833BH2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    350000 | PA      | $332316.60    | 0.06%             | 2045-05-13      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                            | Dow Chemical Co/The                                                             | CUSIP: 260543CR2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142519.35    | 0.03%             | 2048-11-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                                  | Sempra Energy                                                                   | CUSIP: 816851AP4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304702.50    | 0.06%             | 2039-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 744320AV4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    162000 | PA      | $153093.65    | 0.03%             | 2045-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                         | American Honda Finance Corp                                                     | CUSIP: 02665WDL2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36499.34     | 0.01%             | 2025-07-08      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | Alphabet Inc                                                                    | CUSIP: 02079KAE7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    400000 | PA      | $277543.60    | 0.05%             | 2040-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718FV6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    214000 | PA      | $195682.78    | 0.04%             | 2027-02-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAK4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    180000 | PA      | $159439.41    | 0.03%             | 2045-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                       | British Telecommunications PLC                                                  | CUSIP: 111021AE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $361332.45    | 0.07%             | 2030-12-15      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHZ6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232083.38    | 0.04%             | 2025-05-12      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                            | CommonSpirit Health                                                             | CUSIP: 20268JAB9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    220000 | PA      | $189410.87    | 0.04%             | 2029-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK                          | Toronto-Dominion Bank/The                                                       | CUSIP: 89114TZN5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $44779.35     | 0.01%             | 2027-01-12      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBH8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    170000 | PA      | $158104.59    | 0.03%             | 2026-03-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    559000 | PA      | $548805.80    | 0.10%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                     | FedEx Corp                                                                      | CUSIP: 31428XAW6<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90304.10     | 0.02%             | 2044-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 639057AB4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    420000 | PA      | $308529.90    | 0.06%             | 2035-11-28      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                                  | BlackRock Inc                                                                   | CUSIP: 09247XAS0<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |    150000 | PA      | $121868.40    | 0.02%             | 2032-02-25      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                            | Fifth Third Bancorp                                                             | CUSIP: 316773CX6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    712000 | PA      | $701283.69    | 0.13%             | 2024-01-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                       | BHP Billiton Finance USA Ltd                                                    | CUSIP: 055451AV0<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    274000 | PA      | $272909.07    | 0.05%             | 2043-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718ER6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46806.18     | 0.01%             | 2026-11-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 06417XAE1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    470000 | PA      | $375795.55    | 0.07%             | 2032-02-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YAJ4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    250000 | PA      | $224734.00    | 0.04%             | 2043-05-18      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                    | PNC Bank NA                                                                     | CUSIP: 69349LAS7<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    260000 | PA      | $220422.67    | 0.04%             | 2029-10-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                         | Credit Suisse Group AG                                                          | CUSIP: 225433AF8<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    300000 | PA      | $209491.65    | 0.04%             | 2045-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                    | MetLife Inc                                                                     | CUSIP: 59156RBH0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    390000 | PA      | $383825.91    | 0.07%             | 2024-04-10      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                                            | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    318000 | PA      | $301212.78    | 0.06%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                            | American Tower Corp                                                             | CUSIP: 03027XBA7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     80000 | PA      | $68703.44     | 0.01%             | 2030-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CD0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    176000 | PA      | $167192.78    | 0.03%             | 2043-12-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                                                    | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    450000 | PA      | $431666.78    | 0.08%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EBR5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    424000 | PA      | $322655.10    | 0.06%             | 2032-03-10      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                    | NVIDIA Corp                                                                     | CUSIP: 67066GAH7<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    400000 | PA      | $309438.80    | 0.06%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $388278.00    | 0.07%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHV4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $175038.30    | 0.03%             | 2030-07-23      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                                            | CUSIP: 96950FAF1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    432000 | PA      | $452474.42    | 0.08%             | 2040-04-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHY8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    450000 | PA      | $417497.85    | 0.08%             | 2026-02-13      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                            | CommonSpirit Health                                                             | CUSIP: 20268JAA1<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95813.65     | 0.02%             | 2024-10-01      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                            | CommonSpirit Health                                                             | CUSIP: 14916RAD6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    239000 | PA      | $200636.20    | 0.04%             | 2042-11-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                       | Kaiser Foundation Hospitals                                                     | CUSIP: 48305QAG8<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    300000 | PA      | $205674.90    | 0.04%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    471000 | PA      | $418708.64    | 0.08%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                         | TotalEnergies Capital International SA                                          | CUSIP: 89153VAU3<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    370000 | PA      | $285617.06    | 0.05%             | 2049-07-12      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DS4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $396107.10    | 0.07%             | 2050-11-13      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                       | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MBM1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $478926.75    | 0.09%             | 2024-07-16      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                | CUSIP: 925524AX8<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248219.88    | 0.05%             | 2036-04-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                | Caterpillar Inc                                                                 | CUSIP: 149123CH2<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35033.80     | 0.01%             | 2030-04-09      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE                          | Molson Coors Beverage Co                                                        | CUSIP: 60871RAH3<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |    370000 | PA      | $298672.33    | 0.06%             | 2046-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EL3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    247000 | PA      | $216015.46    | 0.04%             | 2030-01-16      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                            | Abbott Laboratories                                                             | CUSIP: 002824BF6<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |     68000 | PA      | $67056.26     | 0.01%             | 2026-11-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 744320AY8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    210000 | PA      | $170216.76    | 0.03%             | 2047-12-07      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                              | State Street Corp                                                               | CUSIP: 857477AT0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38976.54     | 0.01%             | 2025-08-18      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280DN6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    375000 | PA      | $364293.00    | 0.07%             | 2038-06-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                                                    | CUSIP: 931427AC2<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    106000 | PA      | $91556.02     | 0.02%             | 2044-11-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                          | Costco Wholesale Corp                                                           | CUSIP: 22160KAM7<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    232000 | PA      | $221454.32    | 0.04%             | 2027-05-18      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                 | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    331000 | PA      | $261076.25    | 0.05%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                   | CUSIP: 097023CK9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1247777.49   | 0.23%             | 2049-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $293393.17    | 0.05%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                    | CUSIP: 279158AK5<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    150000 | PA      | $141000.00    | 0.03%             | 2025-01-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                          | General Dynamics Corp                                                           | CUSIP: 369550BC1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |    650000 | PA      | $622889.48    | 0.12%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $148832.31    | 0.03%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                       | Cheniere Corpus Christi Holdings LLC                                            | CUSIP: 16412XAC9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    367000 | PA      | $369697.45    | 0.07%             | 2025-03-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DW5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $406140.50    | 0.08%             | 2052-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                        | Honeywell International Inc                                                     | CUSIP: 438516BL9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    865000 | PA      | $811261.01    | 0.15%             | 2026-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    151000 | PA      | $147502.31    | 0.03%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CL1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $206719.75    | 0.04%             | 2028-09-22      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160BV5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    208000 | PA      | $179210.30    | 0.03%             | 2046-03-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                                  | BlackRock Inc                                                                   | CUSIP: 09247XAL5<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68755.47     | 0.01%             | 2024-03-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YAT2<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    540000 | PA      | $455756.22    | 0.09%             | 2045-02-10      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                          | Costco Wholesale Corp                                                           | CUSIP: 22160KAP0<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $82854.65     | 0.02%             | 2030-04-20      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE                        | Transcontinental Gas Pipe Line Co LLC                                           | CUSIP: 893574AH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $154720.08    | 0.03%             | 2026-02-01      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                                         | CUSIP: 55336VAT7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    520000 | PA      | $468475.02    | 0.09%             | 2049-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                    | Walmart Inc                                                                     | CUSIP: 931142CK7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    375000 | PA      | $450171.75    | 0.08%             | 2037-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                       | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MCJ7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $389616.50    | 0.07%             | 2031-09-17      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $307650.00    | 0.06%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833AS9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    188000 | PA      | $185067.95    | 0.03%             | 2024-05-06      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119CG2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    415000 | PA      | $336373.06    | 0.06%             | 2052-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    632000 | PA      | $650117.23    | 0.12%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORP                          | Unilever Capital Corp                                                           | CUSIP: 904764AY3<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93853.05     | 0.02%             | 2027-05-05      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJY7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    325000 | PA      | $318977.91    | 0.06%             | 2024-09-10      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BT0<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    300000 | PA      | $266812.35    | 0.05%             | 2046-08-08      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                         | BP Capital Markets America Inc                                                  | CUSIP: 10373QAV2<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1842000 | PA      | $1733290.69   | 0.32%             | 2027-01-16      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78015K7C2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $475343.00    | 0.09%             | 2024-11-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGM5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    475000 | PA      | $414987.79    | 0.08%             | 2038-04-24      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAJ7<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110425.76    | 0.02%             | 2025-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                        | Simon Property Group LP                                                         | CUSIP: 828807DK0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    300000 | PA      | $250477.20    | 0.05%             | 2030-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                     | Fiserv Inc                                                                      | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    300000 | PA      | $286470.45    | 0.05%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV FIN                       | Anheuser-Busch InBev Finance Inc                                                | CUSIP: 035242AN6<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |    300000 | PA      | $282109.05    | 0.05%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172AC3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    274000 | PA      | $285042.34    | 0.05%             | 2038-05-16      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DY3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    250000 | PA      | $199802.75    | 0.04%             | 2030-08-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PEJ7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    688000 | PA      | $662062.40    | 0.12%             | 2032-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                         | BP Capital Markets America Inc                                                  | CUSIP: 10373QBT6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    700000 | PA      | $594926.50    | 0.11%             | 2032-01-12      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                   | NiSource Inc                                                                    | CUSIP: 65473PAK1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89949.50     | 0.02%             | 2025-08-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 94973VBB2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    309000 | PA      | $284395.26    | 0.05%             | 2043-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                                  | Sempra Energy                                                                   | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    548000 | PA      | $507250.99    | 0.09%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                            | Gilead Sciences Inc                                                             | CUSIP: 375558BJ1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $445766.25    | 0.08%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                   | Ecopetrol SA                                                                    | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $274000.00    | 0.05%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214CX9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $188865.60    | 0.04%             | 2026-05-13      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| ACTIVISION BLIZZARD                            | Activision Blizzard Inc                                                         | CUSIP: 00507VAQ2<br>LEI: 549300TPQQDBP9GNOF40 | Long             | DBT              | CORP              | US        |    280000 | PA      | $178109.26    | 0.03%             | 2050-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PCP5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    548000 | PA      | $539441.06    | 0.10%             | 2025-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                          | Micron Technology Inc                                                           | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    428000 | PA      | $332031.91    | 0.06%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308HW0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    650000 | PA      | $569618.08    | 0.11%             | 2027-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081EU3<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $359131.00    | 0.07%             | 2039-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                          | Micron Technology Inc                                                           | CUSIP: 595112BQ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    170000 | PA      | $157250.00    | 0.03%             | 2030-02-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                                                | CUSIP: 06367WHH9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $49002.35     | 0.01%             | 2024-02-05      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    431000 | PA      | $409014.04    | 0.08%             | 2049-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORP                          | Unilever Capital Corp                                                           | CUSIP: 904764BC0<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $474705.25    | 0.09%             | 2028-03-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                      | Amgen Inc                                                                       | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $231561.15    | 0.04%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525AT0<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    152000 | PA      | $148113.36    | 0.03%             | 2024-05-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VAW3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    207000 | PA      | $187378.88    | 0.04%             | 2042-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                             | Diageo Capital PLC                                                              | CUSIP: 25243YBC2<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $183108.90    | 0.03%             | 2025-09-29      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                         | Brookfield Finance Inc                                                          | CUSIP: 11271LAC6<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    314000 | PA      | $292625.39    | 0.05%             | 2028-01-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                        | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                         | CUSIP: 05723KAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $159228.90    | 0.03%             | 2047-12-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    290000 | PA      | $230475.18    | 0.04%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 53944YAL7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $288967.65    | 0.05%             | 2025-07-09      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CT9<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    125000 | PA      | $80662.56     | 0.02%             | 2060-09-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    620000 | PA      | $491123.39    | 0.09%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    825000 | PA      | $801864.11    | 0.15%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                              | Sysco Corp                                                                      | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    547000 | PA      | $510017.88    | 0.10%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PCQ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    758000 | PA      | $737347.53    | 0.14%             | 2035-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                              | EOG Resources Inc                                                               | CUSIP: 26875PAP6<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    916000 | PA      | $904184.06    | 0.17%             | 2026-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833BY5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    361000 | PA      | $350152.49    | 0.07%             | 2026-02-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBG6<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    628000 | PA      | $565906.19    | 0.11%             | 2050-03-19      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                        | America Movil SAB de CV                                                         | CUSIP: 02364WBJ3<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    266000 | PA      | $228600.40    | 0.04%             | 2030-05-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EM1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1476000 | PA      | $1344180.65   | 0.25%             | 2030-02-04      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    130000 | PA      | $108841.98    | 0.02%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $550233.00    | 0.10%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BU3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    250000 | PA      | $201507.00    | 0.04%             | 2031-08-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                             | Union Pacific Corp                                                              | CUSIP: 907818FX1<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1692146.63   | 0.32%             | 2032-02-14      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                 | Mastercard Inc                                                                  | CUSIP: 57636QAM6<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    132000 | PA      | $121259.36    | 0.02%             | 2029-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468R3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    770000 | PA      | $703529.75    | 0.13%             | 2025-10-21      | Fixed         | 0.86%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                                 | Halliburton Co                                                                  | CUSIP: 406216BJ9<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    725000 | PA      | $677318.93    | 0.13%             | 2035-11-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $644127.00    | 0.12%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BQ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    520000 | PA      | $518544.00    | 0.10%             | 2025-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448FE3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    400000 | PA      | $329010.60    | 0.06%             | 2031-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE                          | Molson Coors Beverage Co                                                        | CUSIP: 60871RAD2<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |    190000 | PA      | $171444.60    | 0.03%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOLLAR TREE INC                                | Dollar Tree Inc                                                                 | CUSIP: 256746AG3<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |    665000 | PA      | $652513.96    | 0.12%             | 2025-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HP INC                                         | HP Inc                                                                          | CUSIP: 40434LAC9<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $258599.85    | 0.05%             | 2030-06-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EH2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     40000 | PA      | $37993.40     | 0.01%             | 2025-02-19      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CX5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $413130.48    | 0.08%             | 2027-11-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBS3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    264000 | PA      | $208376.65    | 0.04%             | 2031-03-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                          | United Parcel Service Inc                                                       | CUSIP: 911312BN5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $252223.35    | 0.05%             | 2047-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp                                                                  | CUSIP: 855244BC2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    300000 | PA      | $261864.00    | 0.05%             | 2032-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp                                                                  | CUSIP: 855244BA6<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    290000 | PA      | $218048.68    | 0.04%             | 2050-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBD7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    114000 | PA      | $104291.76    | 0.02%             | 2030-05-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BJ2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    154000 | PA      | $149692.70    | 0.03%             | 2025-11-03      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $163102.61    | 0.03%             | 2031-06-04      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                                        | CUSIP: 89236TGU3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    535000 | PA      | $456605.65    | 0.09%             | 2030-02-13      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB                           | Utah Acquisition Sub Inc                                                        | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |    640000 | PA      | $600057.60    | 0.11%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                         | Credit Suisse Group AG                                                          | CUSIP: 225401AP3<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    621000 | PA      | $466889.22    | 0.09%             | 2031-04-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $112733.01    | 0.02%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                          | Northrop Grumman Corp                                                           | CUSIP: 666807BN1<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    738000 | PA      | $684907.91    | 0.13%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YCY3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    425000 | PA      | $403890.04    | 0.08%             | 2035-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CC1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $698524.80    | 0.13%             | 2030-05-22      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                         | Coca-Cola Femsa SAB de CV                                                       | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    280000 | PA      | $245734.58    | 0.05%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017CJ6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    208000 | PA      | $166170.58    | 0.03%             | 2046-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EBS3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $327182.25    | 0.06%             | 2042-03-10      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1613000 | PA      | $1355625.69   | 0.25%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    398000 | PA      | $385701.20    | 0.07%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280DM8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    396000 | PA      | $374768.66    | 0.07%             | 2037-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                              | CUSIP: 92857WBU3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    330000 | PA      | $261906.81    | 0.05%             | 2050-09-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RKB7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     92000 | PA      | $67052.22     | 0.01%             | 2060-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $341189.95    | 0.06%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650DE7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    350000 | PA      | $338304.40    | 0.06%             | 2024-08-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFS8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2428000 | PA      | $2173140.12   | 0.41%             | 2025-11-20      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280AQ2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $261520.20    | 0.05%             | 2044-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                          | Costco Wholesale Corp                                                           | CUSIP: 22160KAN5<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176648.20    | 0.03%             | 2027-06-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174467X1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    640000 | PA      | $637651.52    | 0.12%             | 2025-11-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                        | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111GB3<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    134000 | PA      | $98397.67     | 0.02%             | 2061-06-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DU1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    400000 | PA      | $333418.40    | 0.06%             | 2030-05-11      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718FQ7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    300000 | PA      | $252458.55    | 0.05%             | 2031-04-23      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                         | Santander Holdings USA Inc                                                      | CUSIP: 80282KBB1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476681.50    | 0.09%             | 2025-06-02      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAR9<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    262000 | PA      | $226719.87    | 0.04%             | 2030-08-14      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAU5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $69319.15     | 0.01%             | 2051-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                                 | Halliburton Co                                                                  | CUSIP: 406216BL4<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    488000 | PA      | $423103.32    | 0.08%             | 2030-03-01      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                              | Kinder Morgan Inc                                                               | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    396000 | PA      | $370260.59    | 0.07%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                       | Microchip Technology Inc                                                        | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116759.16    | 0.02%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 74432QAQ8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309393.30    | 0.06%             | 2036-12-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                      | Hess Corp                                                                       | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    373000 | PA      | $357982.27    | 0.07%             | 2041-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                            | Gilead Sciences Inc                                                             | CUSIP: 375558BK8<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84672.70     | 0.02%             | 2047-03-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFQ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140228.48    | 0.03%             | 2030-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 53944YAD5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1880000 | PA      | $1748114.24   | 0.33%             | 2027-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607GLZ5<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $103937.96    | 0.02%             | 2025-01-28      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                               | Berry Global Inc                                                                | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    430000 | PA      | $384850.00    | 0.07%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                            | American Tower Corp                                                             | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    521000 | PA      | $479082.95    | 0.09%             | 2029-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BM7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    482000 | PA      | $425259.92    | 0.08%             | 2057-08-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 949746SH5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1234000 | PA      | $1152651.64   | 0.22%             | 2026-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                 | Eli Lilly & Co                                                                  | CUSIP: 532457BT4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    190000 | PA      | $172044.15    | 0.03%             | 2049-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFL3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    280000 | PA      | $218488.20    | 0.04%             | 2030-09-18      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                     | Fiserv Inc                                                                      | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $452573.00    | 0.08%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS TOOL WORKS INC                        | Illinois Tool Works Inc                                                         | CUSIP: 452308AX7<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | DBT              | CORP              | US        |    321000 | PA      | $301705.81    | 0.06%             | 2026-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HP INC                                         | HP Inc                                                                          | CUSIP: 428236BR3<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    368000 | PA      | $360055.43    | 0.07%             | 2041-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216DD9<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    240000 | PA      | $203121.36    | 0.04%             | 2028-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    630000 | PA      | $494637.57    | 0.09%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAG3<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68926.80     | 0.01%             | 2024-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833CH1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    208000 | PA      | $194765.27    | 0.04%             | 2047-02-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                       | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MAR1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    468000 | PA      | $434175.53    | 0.08%             | 2027-07-12      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                         | Brookfield Finance Inc                                                          | CUSIP: 11271LAD4<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $116004.18    | 0.02%             | 2029-03-29      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    462000 | PA      | $399548.46    | 0.07%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                              | EOG Resources Inc                                                               | CUSIP: 26875PAT8<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    236000 | PA      | $231316.46    | 0.04%             | 2050-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017CX5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    292000 | PA      | $269423.14    | 0.05%             | 2048-11-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280DL0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $244378.25    | 0.05%             | 2036-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBU4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    233000 | PA      | $173408.27    | 0.03%             | 2046-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    380000 | PA      | $335359.88    | 0.06%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                            | Carrier Global Corp                                                             | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36305.54     | 0.01%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHM5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    325000 | PA      | $308701.09    | 0.06%             | 2026-04-27      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 036752AM5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    300000 | PA      | $209492.70    | 0.04%             | 2050-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                   | NiSource Inc                                                                    | CUSIP: 65473PAL9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1046000 | PA      | $806280.34    | 0.15%             | 2031-02-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99180.00     | 0.02%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                              | State Street Corp                                                               | CUSIP: 857477BP7<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $81044.50     | 0.02%             | 2031-03-03      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                                                | CUSIP: 06368EDC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $35359.84     | 0.01%             | 2027-01-22      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp                                                                    | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    550000 | PA      | $451000.00    | 0.08%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582CC4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    362000 | PA      | $345722.49    | 0.06%             | 2024-11-07      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    441000 | PA      | $372886.45    | 0.07%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $526758.30    | 0.10%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    379000 | PA      | $349842.39    | 0.07%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    360000 | PA      | $299628.18    | 0.06%             | 2032-05-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                    | MetLife Inc                                                                     | CUSIP: 59156RBR8<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187283.20    | 0.04%             | 2046-05-13      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833EG1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    125000 | PA      | $83132.88     | 0.02%             | 2061-02-08      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                        | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111FF5<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    150000 | PA      | $129855.00    | 0.02%             | 2054-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687GA8<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    383000 | PA      | $303685.87    | 0.06%             | 2060-05-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| WELLTOWER INC                                  | Welltower Inc                                                                   | CUSIP: 95040QAD6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    300000 | PA      | $283873.20    | 0.05%             | 2028-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YAR6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    128000 | PA      | $123351.42    | 0.02%             | 2025-02-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                             | Union Pacific Corp                                                              | CUSIP: 907818FH6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $431891.50    | 0.08%             | 2030-02-05      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582CG5<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $267522.75    | 0.05%             | 2030-04-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                | Caterpillar Inc                                                                 | CUSIP: 149123CB5<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |     88000 | PA      | $76451.85     | 0.01%             | 2042-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                            | Carrier Global Corp                                                             | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    565000 | PA      | $482562.55    | 0.09%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $490312.80    | 0.09%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2N2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $559360.80    | 0.10%             | 2026-04-30      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                         | BP Capital Markets America Inc                                                  | CUSIP: 10373QBP4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    762000 | PA      | $521099.80    | 0.10%             | 2051-06-04      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BY9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     87000 | PA      | $84366.64     | 0.02%             | 2027-02-06      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GAW2<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86900.80     | 0.02%             | 2046-03-01      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                        | Simon Property Group LP                                                         | CUSIP: 828807CY1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     68000 | PA      | $63752.11     | 0.01%             | 2026-11-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135AP1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    420000 | PA      | $425260.08    | 0.08%             | 2034-12-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406YAA0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    144000 | PA      | $130332.67    | 0.02%             | 2029-08-23      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup Inc                                                                   | CUSIP: 172967NN7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    600000 | PA      | $524472.60    | 0.10%             | 2033-03-17      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172BL2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    145000 | PA      | $115304.00    | 0.02%             | 2044-11-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJX9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147536.78    | 0.03%             | 2024-05-13      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 59023VAA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    370000 | PA      | $444631.22    | 0.08%             | 2038-05-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290528.40    | 0.05%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER INVESTMENT                        | Schlumberger Investment SA                                                      | CUSIP: 806854AJ4<br>LEI: 529900EZ29I5KXPV2J32 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $261218.40    | 0.05%             | 2030-06-26      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBN0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     92000 | PA      | $89016.12     | 0.02%             | 2025-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YAY5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    330000 | PA      | $314019.26    | 0.06%             | 2026-05-14      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BS4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    575000 | PA      | $465688.48    | 0.09%             | 2030-06-03      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160AN4<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    250000 | PA      | $282482.63    | 0.05%             | 2037-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAP8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    668000 | PA      | $631640.09    | 0.12%             | 2025-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                   | Chevron Corp                                                                    | CUSIP: 166764BW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $186990.80    | 0.03%             | 2025-05-11      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                    | Exelon Corp                                                                     | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     92000 | PA      | $86781.16     | 0.02%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| REGENERON PHARMACEUTICAL                       | Regeneron Pharmaceuticals Inc                                                   | CUSIP: 75886FAF4<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |    346000 | PA      | $221484.63    | 0.04%             | 2050-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EBL8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $184290.00    | 0.03%             | 2026-05-07      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 06417XAD3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $71147.08     | 0.01%             | 2027-02-02      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    345000 | PA      | $284017.46    | 0.05%             | 2031-02-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGG8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    354000 | PA      | $308602.69    | 0.06%             | 2048-01-20      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BZ6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     81000 | PA      | $78406.74     | 0.01%             | 2037-02-06      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                                                  | CUSIP: 548661DQ7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    568000 | PA      | $458882.09    | 0.09%             | 2047-05-03      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                   | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1708152.00   | 0.32%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                       | Corebridge Financial Inc                                                        | CUSIP: 21871XAC3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    444000 | PA      | $415348.46    | 0.08%             | 2027-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                              | Suncor Energy Inc                                                               | CUSIP: 867224AE7<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $73828.40     | 0.01%             | 2051-03-04      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                            | Southern California Edison Co                                                   | CUSIP: 842400GY3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    220000 | PA      | $145332.88    | 0.03%             | 2051-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                         | Marriott International Inc/MD                                                   | CUSIP: 571903BE2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    340000 | PA      | $320550.13    | 0.06%             | 2030-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PCV6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141263.63    | 0.03%             | 2026-02-24      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 036752AC7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48482.23     | 0.01%             | 2024-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NAC5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    240000 | PA      | $277374.72    | 0.05%             | 2033-03-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                              | Transcanada Trust                                                               | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    198000 | PA      | $186862.50    | 0.03%             | 2076-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160BU7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    495000 | PA      | $448128.20    | 0.08%             | 2036-03-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    270000 | PA      | $184743.72    | 0.03%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 0641593X2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $300910.88    | 0.06%             | 2024-04-15      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525BK8<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    126000 | PA      | $106976.65    | 0.02%             | 2030-05-20      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                     | Fiserv Inc                                                                      | CUSIP: 337738AQ1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148345.73    | 0.03%             | 2023-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHW2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    800000 | PA      | $753315.60    | 0.14%             | 2025-10-22      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                         | TotalEnergies Capital International SA                                          | CUSIP: 89153VAT6<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    280000 | PA      | $250410.44    | 0.05%             | 2030-01-10      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                                        | CUSIP: 89236TJZ9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187342.70    | 0.04%             | 2027-03-22      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29273RBL2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    201000 | PA      | $171053.41    | 0.03%             | 2047-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DT4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     91000 | PA      | $84168.49     | 0.02%             | 2025-05-11      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214ER0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    125000 | PA      | $111094.38    | 0.02%             | 2026-06-03      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CN2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90920.30     | 0.02%             | 2025-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                   | ING Groep NV                                                                    | CUSIP: 456837AM5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    490000 | PA      | $465296.65    | 0.09%             | 2028-10-02      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                           | Freeport-McMoRan Inc                                                            | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    550000 | PA      | $495000.00    | 0.09%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $203549.55    | 0.04%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                              | CUSIP: 92857WBJ8<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $147874.13    | 0.03%             | 2025-05-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525AF0<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131458.88    | 0.02%             | 2025-05-20      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                                  | BlackRock Inc                                                                   | CUSIP: 09247XAQ4<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |    200000 | PA      | $172880.00    | 0.03%             | 2030-04-30      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MEY6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    370000 | PA      | $363305.22    | 0.07%             | 2026-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                        | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $120690.60    | 0.02%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGZ6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    584000 | PA      | $558935.30    | 0.10%             | 2026-01-23      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280BB4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    936000 | PA      | $890851.57    | 0.17%             | 2026-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                        | Canadian Natural Resources Ltd                                                  | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    513000 | PA      | $486382.48    | 0.09%             | 2027-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFT6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    550000 | PA      | $378339.78    | 0.07%             | 2040-11-20      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAH9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    204000 | PA      | $198513.93    | 0.04%             | 2025-03-01      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| APTIV PLC / APTIV CORP                         | Aptiv PLC / Aptiv Corp                                                          | CUSIP: 00217GAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    466000 | PA      | $353588.22    | 0.07%             | 2052-05-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                    | Phillips 66                                                                     | CUSIP: 718546AH7<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157408.20    | 0.03%             | 2042-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                            | American Tower Corp                                                             | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    556000 | PA      | $518717.98    | 0.10%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216DK3<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    300000 | PA      | $250293.75    | 0.05%             | 2031-03-05      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                    | Walmart Inc                                                                     | CUSIP: 931142EC3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    528000 | PA      | $480483.43    | 0.09%             | 2048-06-29      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                    | Truist Bank                                                                     | CUSIP: 86787EBC0<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    594000 | PA      | $580027.34    | 0.11%             | 2024-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                      | ONEOK Inc                                                                       | CUSIP: 682680BB8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    546000 | PA      | $463416.14    | 0.09%             | 2030-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                              | Suncor Energy Inc                                                               | CUSIP: 867224AB3<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |    384000 | PA      | $302578.37    | 0.06%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp                                                                  | CUSIP: 855244AR0<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96639.80     | 0.02%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                     | Cigna Corp                                                                      | CUSIP: 125523CK4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    290000 | PA      | $210825.94    | 0.04%             | 2050-03-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDA6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87227.20     | 0.02%             | 2030-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp                                                                  | CUSIP: 855244AD1<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99032.85     | 0.02%             | 2023-10-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AR1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    281000 | PA      | $284636.98    | 0.05%             | 2031-01-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61746BEG7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    340000 | PA      | $297705.36    | 0.06%             | 2047-01-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                         | Marriott International Inc/MD                                                   | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $252964.20    | 0.05%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                            | American International Group Inc                                                | CUSIP: 026874DP9<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86813.85     | 0.02%             | 2050-06-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833EC0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     88000 | PA      | $75579.15     | 0.01%             | 2028-02-08      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05971KAE9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1432000 | PA      | $1344063.74   | 0.25%             | 2025-05-28      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    340000 | PA      | $238520.54    | 0.04%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCC3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    395000 | PA      | $322036.79    | 0.06%             | 2047-11-01      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                           | Southern Copper Corp                                                            | CUSIP: 84265VAG0<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    166000 | PA      | $155827.02    | 0.03%             | 2042-11-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDW8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    400000 | PA      | $250400.60    | 0.05%             | 2063-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582CD2<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    352000 | PA      | $309052.48    | 0.06%             | 2029-11-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                             | Analog Devices Inc                                                              | CUSIP: 032654AU9<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    250000 | PA      | $214784.63    | 0.04%             | 2028-10-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                          | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150AS3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    328000 | PA      | $272233.93    | 0.05%             | 2030-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                                                | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    553000 | PA      | $490849.44    | 0.09%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                      | Amgen Inc                                                                       | CUSIP: 031162CD0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    610000 | PA      | $542616.35    | 0.10%             | 2048-06-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718FL8<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71991.08     | 0.01%             | 2025-10-29      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                       | Devon Energy Corp                                                               | CUSIP: 25179MAN3<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    205000 | PA      | $179278.65    | 0.03%             | 2042-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EAE5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    890000 | PA      | $846057.59    | 0.16%             | 2025-03-16      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448EZ7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    210000 | PA      | $173496.02    | 0.03%             | 2030-05-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                                                    | CUSIP: 931427AT5<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $37724.10     | 0.01%             | 2050-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                             | Cenovus Energy Inc                                                              | CUSIP: 15135UAF6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    172000 | PA      | $181673.45    | 0.03%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833EH9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    330000 | PA      | $282146.37    | 0.05%             | 2028-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| ILLINOIS TOOL WORKS INC                        | Illinois Tool Works Inc                                                         | CUSIP: 452308AR0<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | DBT              | CORP              | US        |    290000 | PA      | $250433.85    | 0.05%             | 2042-09-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC                              | Omnicom Group Inc                                                               | CUSIP: 681919BD7<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    125000 | PA      | $103519.00    | 0.02%             | 2031-08-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RKA9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    538000 | PA      | $394881.51    | 0.07%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    555000 | PA      | $530371.88    | 0.10%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCM1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    486000 | PA      | $440044.08    | 0.08%             | 2048-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JL2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47160.78     | 0.01%             | 2025-07-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| AETNA INC                                      | Aetna Inc                                                                       | CUSIP: 00817YAQ1<br>LEI: 549300QKBENKLBXQ8968 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243677.75    | 0.05%             | 2024-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                              | Kinder Morgan Inc                                                               | CUSIP: 49456BAJ0<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    402000 | PA      | $351239.06    | 0.07%             | 2046-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                                                  | CUSIP: 548661DH7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $290026.20    | 0.05%             | 2025-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $912089.11    | 0.17%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                   | NiSource Inc                                                                    | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    192000 | PA      | $172544.06    | 0.03%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                        | America Movil SAB de CV                                                         | CUSIP: 02364WBG9<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    470000 | PA      | $402564.87    | 0.08%             | 2049-04-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 064159MK9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    520000 | PA      | $510294.20    | 0.10%             | 2024-02-11      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    774000 | PA      | $679268.21    | 0.13%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    555000 | PA      | $448118.10    | 0.08%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    476000 | PA      | $473346.30    | 0.09%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $500998.20    | 0.09%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CJ6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $224376.50    | 0.04%             | 2026-04-18      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    301000 | PA      | $239174.30    | 0.04%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    300000 | PA      | $252734.85    | 0.05%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BD1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    204000 | PA      | $198804.94    | 0.04%             | 2024-05-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    572000 | PA      | $544834.86    | 0.10%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 85771PAL6<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    430000 | PA      | $369039.33    | 0.07%             | 2043-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                       | Cooperatieve Rabobank UA                                                        | CUSIP: 21684AAD8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    745000 | PA      | $665678.73    | 0.12%             | 2045-08-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    204000 | PA      | $152569.87    | 0.03%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    490000 | PA      | $462101.61    | 0.09%             | 2027-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                        | Procter & Gamble Co/The                                                         | CUSIP: 742718EV7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235327.88    | 0.04%             | 2027-08-11      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                            | Carrier Global Corp                                                             | CUSIP: 14448CAL8<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    307000 | PA      | $258540.97    | 0.05%             | 2031-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AL4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    536000 | PA      | $519446.18    | 0.10%             | 2028-04-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                              | CUSIP: 02005NBL3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    550000 | PA      | $531215.58    | 0.10%             | 2023-10-02      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                     | Cigna Corp                                                                      | CUSIP: 125523AK6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    674000 | PA      | $621183.34    | 0.12%             | 2048-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61761J3R8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    950000 | PA      | $889509.70    | 0.17%             | 2026-07-27      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                     | Fiserv Inc                                                                      | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $471826.75    | 0.09%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 913017CW7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    243000 | PA      | $223737.27    | 0.04%             | 2038-11-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200HU8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    445000 | PA      | $438759.99    | 0.08%             | 2024-02-12      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BQ8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64153.32     | 0.01%             | 2025-06-03      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 744320BA9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     46000 | PA      | $36592.63     | 0.01%             | 2049-12-07      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp                                                                  | CUSIP: 855244AU3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    358000 | PA      | $314291.24    | 0.06%             | 2049-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                        | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BU9<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    388000 | PA      | $360110.37    | 0.07%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140AX8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    168000 | PA      | $159031.57    | 0.03%             | 2027-05-11      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GAN2<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    430000 | PA      | $348265.60    | 0.07%             | 2045-03-06      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAH1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    220000 | PA      | $206771.84    | 0.04%             | 2044-05-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833BZ2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    144000 | PA      | $135110.52    | 0.03%             | 2026-08-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $549092.10    | 0.10%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBJ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    400000 | PA      | $380461.00    | 0.07%             | 2031-03-24      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                       | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BJ0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    206000 | PA      | $193174.23    | 0.04%             | 2049-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    444000 | PA      | $347317.00    | 0.06%             | 2037-08-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                           | Freeport-McMoRan Inc                                                            | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65625.00     | 0.01%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                      | Amgen Inc                                                                       | CUSIP: 031162CY4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    334000 | PA      | $208161.16    | 0.04%             | 2053-09-01      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                         | Berkshire Hathaway Finance Corp                                                 | CUSIP: 084664CW9<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    130000 | PA      | $105442.03    | 0.02%             | 2030-10-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                          | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAG1<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     80000 | PA      | $70601.24     | 0.01%             | 2042-08-21      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 064159HB5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $108647.77    | 0.02%             | 2025-12-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                          | TransCanada PipeLines Ltd                                                       | CUSIP: 89352HAY5<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $108139.74    | 0.02%             | 2048-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                        | KeyCorp                                                                         | CUSIP: 49326EEK5<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    530000 | PA      | $471918.63    | 0.09%             | 2027-04-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BFP0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    550000 | PA      | $522250.03    | 0.10%             | 2043-11-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DF4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    184000 | PA      | $178107.03    | 0.03%             | 2025-01-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBW2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    368000 | PA      | $293438.23    | 0.05%             | 2050-01-31      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582BQ4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $379754.55    | 0.07%             | 2046-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                         | Santander Holdings USA Inc                                                      | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    504000 | PA      | $438914.45    | 0.08%             | 2028-01-06      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BM3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    556000 | PA      | $533104.75    | 0.10%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCA7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     73000 | PA      | $67665.01     | 0.01%             | 2028-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    692000 | PA      | $588659.83    | 0.11%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    350000 | PA      | $270134.38    | 0.05%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BW1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    244000 | PA      | $236516.89    | 0.04%             | 2028-12-06      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                               | Georgia Power Co                                                                | CUSIP: 373334KP5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    436000 | PA      | $310979.83    | 0.06%             | 2051-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                                                       | CUSIP: 775109BN0<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $392403.00    | 0.07%             | 2049-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                             | Union Pacific Corp                                                              | CUSIP: 907818EM6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    278000 | PA      | $227353.27    | 0.04%             | 2051-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAJ1<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34195.18     | 0.01%             | 2047-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    295000 | PA      | $226748.36    | 0.04%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    759000 | PA      | $625061.17    | 0.12%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                 | Eli Lilly & Co                                                                  | CUSIP: 532457BY3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $197278.50    | 0.04%             | 2050-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 949746RW3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    626000 | PA      | $589935.20    | 0.11%             | 2026-04-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DQ0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    898000 | PA      | $658464.34    | 0.12%             | 2049-09-11      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBF8<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91719.15     | 0.02%             | 2040-03-19      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    502000 | PA      | $414021.99    | 0.08%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                              | Lam Research Corp                                                               | CUSIP: 512807AT5<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213820.42    | 0.04%             | 2049-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                   | Chevron Corp                                                                    | CUSIP: 166764BY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $285094.10    | 0.05%             | 2030-05-11      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                        | GlaxoSmithKline Capital Inc                                                     | CUSIP: 377372AN7<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    910000 | PA      | $877047.54    | 0.16%             | 2028-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                        | America Movil SAB de CV                                                         | CUSIP: 02364WAW5<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    640000 | PA      | $664616.64    | 0.12%             | 2040-03-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 94973VBK2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    174000 | PA      | $157092.77    | 0.03%             | 2044-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                              | CUSIP: 92857WBH2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    785000 | PA      | $776051.79    | 0.15%             | 2024-01-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582BX9<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    130000 | PA      | $121819.10    | 0.02%             | 2026-09-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076CD2<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $227613.00    | 0.04%             | 2050-04-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RGL0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289786.80    | 0.05%             | 2028-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    952000 | PA      | $757900.53    | 0.14%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GAT9<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    310000 | PA      | $297940.85    | 0.06%             | 2026-03-01      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    600000 | PA      | $444935.70    | 0.08%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| TWDC ENTERPRISES 18 CORP                       | TWDC Enterprises 18 Corp                                                        | CUSIP: 25468PDV5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    202000 | PA      | $189566.50    | 0.04%             | 2027-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                            | Southern California Edison Co                                                   | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    318000 | PA      | $238188.68    | 0.04%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                        | Jefferies Financial Group Inc                                                   | CUSIP: 47233JBH0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    125000 | PA      | $110814.19    | 0.02%             | 2030-01-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081EZ2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    260000 | PA      | $193730.03    | 0.04%             | 2040-05-28      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280BX6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $474901.50    | 0.09%             | 2026-09-12      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172BT5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    394000 | PA      | $369776.68    | 0.07%             | 2026-02-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAN6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    140000 | PA      | $113187.06    | 0.02%             | 2049-01-23      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                       | NIKE Inc                                                                        | CUSIP: 654106AL7<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    250000 | PA      | $204787.50    | 0.04%             | 2040-03-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    752000 | PA      | $585904.63    | 0.11%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                        | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    518000 | PA      | $504142.21    | 0.09%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCK5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    225000 | PA      | $183920.40    | 0.03%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YAW5<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    300000 | PA      | $263984.70    | 0.05%             | 2049-03-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                   | Enbridge Inc                                                                    | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    708000 | PA      | $629578.38    | 0.12%             | 2029-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VCK8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    704000 | PA      | $646464.19    | 0.12%             | 2046-08-21      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAL0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    706000 | PA      | $571112.70    | 0.11%             | 2048-11-15      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FL5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    330000 | PA      | $279456.87    | 0.05%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 064159QE9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $204671.28    | 0.04%             | 2026-08-03      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                               | Berry Global Inc                                                                | CUSIP: 08576PAG6<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94925.60     | 0.02%             | 2024-02-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448EL8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     96000 | PA      | $85642.22     | 0.02%             | 2029-07-29      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448EQ7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     56000 | PA      | $53382.11     | 0.01%             | 2025-03-19      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                            | PayPal Holdings Inc                                                             | CUSIP: 70450YAL7<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1009232.89   | 0.19%             | 2032-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CJ1<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    110200 | PA      | $106490.50    | 0.02%             | 2025-01-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp/The                                                         | CUSIP: 808513BN4<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    244000 | PA      | $231589.67    | 0.04%             | 2024-03-18      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                      | Adobe Inc                                                                       | CUSIP: 00724PAD1<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $430702.25    | 0.08%             | 2030-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    213000 | PA      | $200863.37    | 0.04%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                        | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    464000 | PA      | $545269.14    | 0.10%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $398290.25    | 0.07%             | 2032-10-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    548000 | PA      | $511643.76    | 0.10%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                        | Honeywell International Inc                                                     | CUSIP: 438516BW5<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    112000 | PA      | $107930.65    | 0.02%             | 2024-08-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                                        | CUSIP: 89236TGY5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    487000 | PA      | $445361.01    | 0.08%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                           | Las Vegas Sands Corp                                                            | CUSIP: 517834AG2<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    116000 | PA      | $110828.72    | 0.02%             | 2024-08-08      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78015K7J7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $96155.90     | 0.02%             | 2023-10-26      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AW5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91879.65     | 0.02%             | 2029-04-23      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                              | Suncor Energy Inc                                                               | CUSIP: 71644EAJ1<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $85826.80     | 0.02%             | 2038-05-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBL9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $937783.05    | 0.18%             | 2031-04-22      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                    | MetLife Inc                                                                     | CUSIP: 59156RBD9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    440000 | PA      | $377938.22    | 0.07%             | 2042-08-13      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                      | Hess Corp                                                                       | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    290000 | PA      | $279260.00    | 0.05%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                      | Hess Corp                                                                       | CUSIP: 42809HAC1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    148000 | PA      | $148399.08    | 0.03%             | 2040-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBZ5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    128000 | PA      | $94632.38     | 0.02%             | 2060-01-31      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                   | CUSIP: 097023CJ2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $804396.00    | 0.15%             | 2034-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES INC                              | CF Industries Inc                                                               | CUSIP: 12527GAD5<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    220000 | PA      | $190300.00    | 0.04%             | 2043-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                        | Marathon Petroleum Corp                                                         | CUSIP: 56585AAH5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $170970.00    | 0.03%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFB0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    390000 | PA      | $386670.18    | 0.07%             | 2024-01-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135CB0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    836000 | PA      | $614365.95    | 0.11%             | 2051-05-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                        | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    659000 | PA      | $624247.96    | 0.12%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFV1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    500000 | PA      | $309725.00    | 0.06%             | 2060-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                            | Gilead Sciences Inc                                                             | CUSIP: 375558BM4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $466784.75    | 0.09%             | 2027-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135CA2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    400000 | PA      | $305047.40    | 0.06%             | 2041-05-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YBZ1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1282000 | PA      | $1227825.24   | 0.23%             | 2024-11-21      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $122063.23    | 0.02%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAZ5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $191840.40    | 0.04%             | 2051-02-09      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                          | Time Warner Cable LLC                                                           | CUSIP: 88732JAN8<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    304000 | PA      | $311539.96    | 0.06%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFS3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211998.60    | 0.04%             | 2025-08-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDH1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     92000 | PA      | $77174.11     | 0.01%             | 2040-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081EK5<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    352000 | PA      | $324134.98    | 0.06%             | 2048-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    414000 | PA      | $384759.18    | 0.07%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    320000 | PA      | $298366.56    | 0.06%             | 2027-06-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HKC3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233174.28    | 0.04%             | 2025-01-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBR6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    550000 | PA      | $482568.63    | 0.09%             | 2028-06-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 617446HD4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    120000 | PA      | $137558.40    | 0.03%             | 2032-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                    | Viatris Inc                                                                     | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    423000 | PA      | $275592.54    | 0.05%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 064159VL7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    198000 | PA      | $181081.40    | 0.03%             | 2025-06-11      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081ED1<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $270104.85    | 0.05%             | 2046-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448DF2<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    160000 | PA      | $152944.72    | 0.03%             | 2026-02-24      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                         | BP Capital Markets PLC                                                          | CUSIP: 05565QDH8<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    168000 | PA      | $159928.36    | 0.03%             | 2028-11-28      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BC7<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    260000 | PA      | $240914.18    | 0.05%             | 2035-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp                                                                    | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1100350.00   | 0.21%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                            | LYB International Finance III LLC                                               | CUSIP: 50249AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $180256.08    | 0.03%             | 2049-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                       | Kaiser Foundation Hospitals                                                     | CUSIP: 48305QAD5<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    295000 | PA      | $254584.26    | 0.05%             | 2047-05-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                    | Walmart Inc                                                                     | CUSIP: 931142ET6<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    250000 | PA      | $206589.75    | 0.04%             | 2031-09-22      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918BR4<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75132.40     | 0.01%             | 2026-08-08      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                              | Expedia Group Inc                                                               | CUSIP: 30212PBH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    324000 | PA      | $263836.76    | 0.05%             | 2031-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                | Tyson Foods Inc                                                                 | CUSIP: 902494BJ1<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    172000 | PA      | $167751.86    | 0.03%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $407005.25    | 0.08%             | 2032-03-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAQ5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    500000 | PA      | $482670.50    | 0.09%             | 2024-11-28      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FUNDING LLC                         | NXP BV / NXP Funding LLC                                                        | CUSIP: 62947QBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     80000 | PA      | $79358.00     | 0.01%             | 2024-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                    | Netflix Inc                                                                     | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    325000 | PA      | $316062.50    | 0.06%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                   | NiSource Inc                                                                    | CUSIP: 65473QBF9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    376000 | PA      | $317817.20    | 0.06%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081DE0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94880.05     | 0.02%             | 2043-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                                       | CUSIP: 89114QCA4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $608469.12    | 0.11%             | 2024-06-12      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                                                | CUSIP: 26441CBH7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    100000 | PA      | $83281.00     | 0.02%             | 2030-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CAY5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309639.60    | 0.06%             | 2045-10-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| FOX CORP                                       | Fox Corp                                                                        | CUSIP: 35137LAG0<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    910000 | PA      | $896426.44    | 0.17%             | 2024-01-25      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                         | Pacific Gas and Electric Co                                                     | CUSIP: 694308JK4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     70000 | PA      | $61647.01     | 0.01%             | 2028-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GEN5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    248000 | PA      | $259747.26    | 0.05%             | 2042-02-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                           | Lockheed Martin Corp                                                            | CUSIP: 539830BS7<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87507.75     | 0.02%             | 2053-06-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                         | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBZ2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $406833.25    | 0.08%             | 2032-01-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94794.80     | 0.02%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                         | Marriott International Inc/MD                                                   | CUSIP: 571903AS2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187247.30    | 0.04%             | 2026-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448DP0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    280000 | PA      | $229811.82    | 0.04%             | 2046-10-06      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AP0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98476.10     | 0.02%             | 2024-04-29      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| VISA INC                                       | Visa Inc                                                                        | CUSIP: 92826CAD4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    536000 | PA      | $516935.28    | 0.10%             | 2025-12-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                       | Devon Energy Corp                                                               | CUSIP: 25179MAL7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    170000 | PA      | $164846.62    | 0.03%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                                         | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    136000 | PA      | $129476.42    | 0.02%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                              | Kinder Morgan Inc                                                               | CUSIP: 49456BAT8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    100000 | PA      | $71502.30     | 0.01%             | 2051-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VAT0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153014.55    | 0.03%             | 2041-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJB7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    126000 | PA      | $128976.44    | 0.02%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1006000 | PA      | $883024.55    | 0.17%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBH5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    800000 | PA      | $753656.00    | 0.14%             | 2025-05-06      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGU8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $130322.33    | 0.02%             | 2046-12-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833EB2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    129000 | PA      | $115272.01    | 0.02%             | 2026-02-08      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 29446MAH5<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    250000 | PA      | $205410.75    | 0.04%             | 2050-04-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081CY7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $124091.40    | 0.02%             | 2039-03-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                       | NIKE Inc                                                                        | CUSIP: 654106AM5<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    340000 | PA      | $269582.60    | 0.05%             | 2050-03-27      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    483000 | PA      | $433269.84    | 0.08%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                         | Equitable Holdings Inc                                                          | CUSIP: 054561AM7<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    426000 | PA      | $375335.18    | 0.07%             | 2048-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BH4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $265106.70    | 0.05%             | 2046-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280AU3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $383394.20    | 0.07%             | 2025-08-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FR2<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238383.75    | 0.04%             | 2040-03-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                                        | CUSIP: 89236TJV8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1428000 | PA      | $1280136.31   | 0.24%             | 2027-01-13      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                     | Pfizer Inc                                                                      | CUSIP: 717081DM2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49185.45     | 0.01%             | 2024-05-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    192000 | PA      | $155872.03    | 0.03%             | 2050-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448FA1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    100000 | PA      | $80295.75     | 0.02%             | 2031-02-25      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                         | Credit Suisse AG/New York NY                                                    | CUSIP: 22550L2G5<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    950000 | PA      | $751027.25    | 0.14%             | 2026-08-07      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                          | Northrop Grumman Corp                                                           | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    406000 | PA      | $346028.12    | 0.06%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BX9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $277554.75    | 0.05%             | 2048-12-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                       | KLA Corp                                                                        | CUSIP: 482480AG5<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127167.56    | 0.02%             | 2029-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp/The                                                         | CUSIP: 808513BS3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $414653.00    | 0.08%             | 2031-05-13      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGK0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    492000 | PA      | $397001.93    | 0.07%             | 2045-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                    | NVIDIA Corp                                                                     | CUSIP: 67066GAM6<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |     80000 | PA      | $68860.12     | 0.01%             | 2028-06-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 6174468V4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $438818.75    | 0.08%             | 2026-12-10      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                         | ConocoPhillips Co                                                               | CUSIP: 20826FAC0<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    300000 | PA      | $270215.70    | 0.05%             | 2044-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EQ2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $64709.80     | 0.01%             | 2040-11-16      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177030.72    | 0.03%             | 2026-03-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DN7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138273.08    | 0.03%             | 2026-09-11      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                 | Mastercard Inc                                                                  | CUSIP: 57636QAL8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    162000 | PA      | $136179.47    | 0.03%             | 2049-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    625000 | PA      | $574023.13    | 0.11%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135AZ9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    212000 | PA      | $205551.28    | 0.04%             | 2024-08-22      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    616000 | PA      | $578556.75    | 0.11%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05964HAB1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $565026.90    | 0.11%             | 2027-04-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                        | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $659601.90    | 0.12%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                    | Phillips 66                                                                     | CUSIP: 718546AK0<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    390000 | PA      | $371331.48    | 0.07%             | 2034-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCG4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    384000 | PA      | $313788.48    | 0.06%             | 2052-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | Alphabet Inc                                                                    | CUSIP: 02079KAD9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    132000 | PA      | $105252.77    | 0.02%             | 2030-08-15      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650DH0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    488000 | PA      | $467729.21    | 0.09%             | 2027-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBF9<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    360000 | PA      | $323585.46    | 0.06%             | 2049-02-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HRS1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    720000 | PA      | $685590.48    | 0.13%             | 2026-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                         | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    263000 | PA      | $207396.54    | 0.04%             | 2031-05-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200627.40    | 0.04%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                | Tyson Foods Inc                                                                 | CUSIP: 902494BC6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    340000 | PA      | $321255.97    | 0.06%             | 2027-06-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    530000 | PA      | $518755.79    | 0.10%             | 2026-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFR0<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    122000 | PA      | $104656.79    | 0.02%             | 2050-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GFF1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    380000 | PA      | $376459.54    | 0.07%             | 2024-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGQ7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    404000 | PA      | $356048.84    | 0.07%             | 2045-11-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| EMERSON ELECTRIC CO                            | Emerson Electric Co                                                             | CUSIP: 291011BS2<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | DBT              | CORP              | US        |    180000 | PA      | $119740.14    | 0.02%             | 2051-12-21      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2D4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    775000 | PA      | $733253.85    | 0.14%             | 2029-01-24      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    450000 | PA      | $428450.85    | 0.08%             | 2029-12-05      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                   | ING Groep NV                                                                    | CUSIP: 456837AQ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    330000 | PA      | $302159.22    | 0.06%             | 2029-04-09      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    254000 | PA      | $172965.62    | 0.03%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                                                | CUSIP: 06367TQW3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $214108.96    | 0.04%             | 2024-07-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BK7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213700.85    | 0.04%             | 2025-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                                            | CUSIP: 96949LAB1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    280000 | PA      | $271953.08    | 0.05%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                          | United Parcel Service Inc                                                       | CUSIP: 911312BM7<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    292000 | PA      | $277328.61    | 0.05%             | 2027-11-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RAB3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    998000 | PA      | $940204.82    | 0.18%             | 2028-02-07      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                           | CUSIP: 05531FBB8<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    605000 | PA      | $581624.62    | 0.11%             | 2024-10-26      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650DF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    368000 | PA      | $345714.84    | 0.06%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VDU5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    478000 | PA      | $473509.19    | 0.09%             | 2037-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    435000 | PA      | $398036.09    | 0.07%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                    | Netflix Inc                                                                     | CUSIP: 64110LAL0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405000.00    | 0.08%             | 2025-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200KH3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $263371.65    | 0.05%             | 2027-05-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                            | Synchrony Financial                                                             | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    224000 | PA      | $200868.30    | 0.04%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406FAC7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47150.90     | 0.01%             | 2026-05-04      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                           | Kraft Heinz Foods Co                                                            | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    507000 | PA      | $475549.78    | 0.09%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                          | Northrop Grumman Corp                                                           | CUSIP: 666807BU5<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    267000 | PA      | $270026.98    | 0.05%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBM2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    360000 | PA      | $334906.20    | 0.06%             | 2034-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                          | Reynolds American Inc                                                           | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    468000 | PA      | $410283.43    | 0.08%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 74432QCF0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    350000 | PA      | $271556.25    | 0.05%             | 2051-03-13      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                    | CUSIP: 06738EAP0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $202622.49    | 0.04%             | 2026-05-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NDP3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    184000 | PA      | $111819.56    | 0.02%             | 2052-08-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                | Chevron USA Inc                                                                 | CUSIP: 166756AE6<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    174000 | PA      | $157765.28    | 0.03%             | 2025-08-12      | Fixed         | 0.69%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1702000 | PA      | $1423524.72   | 0.27%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health Inc                                                             | CUSIP: 94973VBJ5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    306000 | PA      | $300172.84    | 0.06%             | 2024-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264AAZ8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    600000 | PA      | $505174.80    | 0.09%             | 2050-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                                                  | CUSIP: 548661DY0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1026000 | PA      | $815557.65    | 0.15%             | 2030-10-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                           | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    640000 | PA      | $604033.28    | 0.11%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBU1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510641.00    | 0.10%             | 2039-01-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                       | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BN1<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $82291.05     | 0.02%             | 2030-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| WELLTOWER INC                                  | Welltower Inc                                                                   | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    404000 | PA      | $344579.88    | 0.06%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                           | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAZ9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    410000 | PA      | $369589.38    | 0.07%             | 2049-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                | Tyson Foods Inc                                                                 | CUSIP: 902494BD4<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    110000 | PA      | $97548.50     | 0.02%             | 2047-06-02      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    952000 | PA      | $835564.21    | 0.16%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61747YDY8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    528000 | PA      | $458951.33    | 0.09%             | 2045-01-27      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                          | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAU6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $319630.00    | 0.06%             | 2037-12-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264ACQ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    600000 | PA      | $493008.90    | 0.09%             | 2032-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| HP INC                                         | HP Inc                                                                          | CUSIP: 40434LAJ4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |     40000 | PA      | $31381.30     | 0.01%             | 2031-06-17      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AG5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    356000 | PA      | $341306.99    | 0.06%             | 2042-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                 | Mastercard Inc                                                                  | CUSIP: 57636QAQ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    300000 | PA      | $261246.90    | 0.05%             | 2050-03-26      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp                                                                | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    260000 | PA      | $202387.25    | 0.04%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    658000 | PA      | $627323.38    | 0.12%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    565000 | PA      | $471996.20    | 0.09%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                        | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    236000 | PA      | $224631.64    | 0.04%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582BD3<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    682000 | PA      | $663354.80    | 0.12%             | 2025-05-11      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    600000 | PA      | $546880.50    | 0.10%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 29446MAF9<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    300000 | PA      | $273030.90    | 0.05%             | 2030-04-06      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCH2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     92000 | PA      | $86970.91     | 0.02%             | 2028-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                         | Williams Cos Inc/The                                                            | CUSIP: 969457BX7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    384000 | PA      | $339191.42    | 0.06%             | 2030-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                       | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    766000 | PA      | $752472.82    | 0.14%             | 2025-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJE0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    800000 | PA      | $556377.20    | 0.10%             | 2041-06-19      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGR4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    588000 | PA      | $544343.94    | 0.10%             | 2028-07-21      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                            | American Tower Corp                                                             | CUSIP: 03027XBD1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    251000 | PA      | $167024.19    | 0.03%             | 2050-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJW0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    519000 | PA      | $394736.61    | 0.07%             | 2042-04-22      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582AD4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    761000 | PA      | $857285.53    | 0.16%             | 2038-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                         | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    226000 | PA      | $195435.42    | 0.04%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                       | NIKE Inc                                                                        | CUSIP: 654106AH6<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76531.52     | 0.01%             | 2025-03-27      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                                         | CUSIP: 55336VAM2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    350000 | PA      | $300276.20    | 0.06%             | 2038-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                         | Brookfield Finance Inc                                                          | CUSIP: 11271LAB8<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    237000 | PA      | $193259.87    | 0.04%             | 2047-09-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TRAVELERS COS INC                              | Travelers Cos Inc/The                                                           | CUSIP: 89417EAR0<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |    400000 | PA      | $279875.20    | 0.05%             | 2051-06-08      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833EE6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    102000 | PA      | $74176.44     | 0.01%             | 2041-02-08      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VEN0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    184000 | PA      | $179480.59    | 0.03%             | 2025-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FEDEX 2020-1 CLASS AA                          | FedEx Corp 2020-1 Class AA Pass Through Trust                                   | CUSIP: 314353AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44653 | PA      | $36681.07     | 0.01%             | 2034-02-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                   | Chevron Corp                                                                    | CUSIP: 166764BX7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $230991.88    | 0.04%             | 2027-05-11      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    315000 | PA      | $285862.50    | 0.05%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BC9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    780000 | PA      | $740239.89    | 0.14%             | 2027-08-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CW8<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    360000 | PA      | $267712.20    | 0.05%             | 2040-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                    | Netflix Inc                                                                     | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    690000 | PA      | $699487.50    | 0.13%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214DK6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |     40000 | PA      | $38029.78     | 0.01%             | 2027-03-08      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280AP4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    540000 | PA      | $530012.16    | 0.10%             | 2024-03-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                              | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    469000 | PA      | $502668.10    | 0.09%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                            | Carrier Global Corp                                                             | CUSIP: 14448CAS3<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    250000 | PA      | $182879.50    | 0.03%             | 2050-04-05      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| WYETH LLC                                      | Wyeth LLC                                                                       | CUSIP: 983024AG5<br>LEI: 549300Q9GR3WRH4N4836 | Long             | DBT              | CORP              | US        |    388000 | PA      | $436550.63    | 0.08%             | 2034-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1296000 | PA      | $1120463.28   | 0.21%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                            | American Tower Corp                                                             | CUSIP: 03027XAG5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242947.25    | 0.05%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    300000 | PA      | $232960.05    | 0.04%             | 2036-11-03      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1148000 | PA      | $1036521.16   | 0.19%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORP                          | Unilever Capital Corp                                                           | CUSIP: 904764AH0<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    132000 | PA      | $143833.93    | 0.03%             | 2032-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    300000 | PA      | $303696.90    | 0.06%             | 2025-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                    | NVIDIA Corp                                                                     | CUSIP: 67066GAL8<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   2198000 | PA      | $2065600.17   | 0.39%             | 2024-06-14      | Fixed         | 0.58%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 780097BA8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    846000 | PA      | $825571.22    | 0.15%             | 2026-04-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFM1<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    282000 | PA      | $240072.80    | 0.04%             | 2030-03-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                 | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $190487.03    | 0.04%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                          | General Dynamics Corp                                                           | CUSIP: 369550BJ6<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |     84000 | PA      | $76131.34     | 0.01%             | 2050-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                             | Vodafone Group PLC                                                              | CUSIP: 92857WAQ3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    419000 | PA      | $425621.25    | 0.08%             | 2037-02-27      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| DOLLAR TREE INC                                | Dollar Tree Inc                                                                 | CUSIP: 256746AH1<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |    236000 | PA      | $225736.71    | 0.04%             | 2028-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    960000 | PA      | $880138.56    | 0.16%             | 2029-06-19      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                           | Boston Properties LP                                                            | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    726000 | PA      | $555202.33    | 0.10%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                       | Florida Power & Light Co                                                        | CUSIP: 341081FQ5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     50000 | PA      | $41671.33     | 0.01%             | 2048-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp                                                                  | CUSIP: 855244AQ2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   2012000 | PA      | $1985769.56   | 0.37%             | 2025-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                 | Lowe's Cos Inc                                                                  | CUSIP: 548661DR5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280765.05    | 0.05%             | 2029-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                          | Northrop Grumman Corp                                                           | CUSIP: 666807BM3<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    476000 | PA      | $457716.60    | 0.09%             | 2025-01-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     70000 | PA      | $53162.52     | 0.01%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833AL4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    617000 | PA      | $550837.55    | 0.10%             | 2043-05-04      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE ENTRMN                       | Time Warner Cable Enterprises LLC                                               | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    216000 | PA      | $241946.46    | 0.05%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $445653.25    | 0.08%             | 2028-01-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NBY6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     92000 | PA      | $87211.45     | 0.02%             | 2027-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833BW9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    625000 | PA      | $627385.00    | 0.12%             | 2036-02-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                    | Walmart Inc                                                                     | CUSIP: 931142EV1<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    400000 | PA      | $282919.40    | 0.05%             | 2051-09-22      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214EP4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    300000 | PA      | $221328.15    | 0.04%             | 2035-11-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280AW9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $729008.63    | 0.14%             | 2026-03-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                         | TotalEnergies Capital International SA                                          | CUSIP: 89153VAX7<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    335000 | PA      | $254588.95    | 0.05%             | 2041-06-29      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CG7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    218000 | PA      | $188229.48    | 0.04%             | 2047-03-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAN5<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $185759.00    | 0.03%             | 2025-03-15      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61747YEG6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    576000 | PA      | $526944.67    | 0.10%             | 2025-10-21      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                             | Valero Energy Corp                                                              | CUSIP: 91913YAV2<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    417000 | PA      | $406210.96    | 0.08%             | 2028-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    992000 | PA      | $908189.89    | 0.17%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                               | CUSIP: 404280CE7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $743791.20    | 0.14%             | 2025-11-07      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    228000 | PA      | $201126.89    | 0.04%             | 2047-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                               | Paramount Global                                                                | CUSIP: 92556HAC1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $148862.70    | 0.03%             | 2050-05-19      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 78013XW20<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    540000 | PA      | $533614.77    | 0.10%             | 2023-10-05      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                    | PepsiCo Inc                                                                     | CUSIP: 713448CT3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    112000 | PA      | $107670.25    | 0.02%             | 2025-04-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 48126BAA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    370000 | PA      | $373873.90    | 0.07%             | 2042-01-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                    | NVIDIA Corp                                                                     | CUSIP: 67066GAF1<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    330000 | PA      | $292098.18    | 0.05%             | 2030-04-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833CU2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    138000 | PA      | $134512.95    | 0.03%             | 2024-05-11      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                         | Diamondback Energy Inc                                                          | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     92000 | PA      | $81761.60     | 0.02%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                      | ONEOK Inc                                                                       | CUSIP: 682680AV5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85471.10     | 0.02%             | 2048-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    400000 | PA      | $356051.80    | 0.07%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                               | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    398000 | PA      | $289067.40    | 0.05%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                       | BHP Billiton Finance USA Ltd                                                    | CUSIP: 055451AR9<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    511000 | PA      | $452163.20    | 0.08%             | 2042-02-24      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                       | Virginia Electric and Power Co                                                  | CUSIP: 927804GD0<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    762000 | PA      | $463326.86    | 0.09%             | 2050-12-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BN5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18439.93     | 0.00%             | 2025-12-03      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CU2<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44265.95     | 0.01%             | 2027-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                       | Cooperatieve Rabobank UA                                                        | CUSIP: 21684AAF3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    815000 | PA      | $765204.72    | 0.14%             | 2026-07-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140BW9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    440000 | PA      | $295914.30    | 0.06%             | 2051-08-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                   | Enbridge Inc                                                                    | CUSIP: 29250NAF2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    152000 | PA      | $150224.72    | 0.03%             | 2023-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                        | Honeywell International Inc                                                     | CUSIP: 438516BU9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71839.92     | 0.01%             | 2029-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                       | Western Midstream Operating LP                                                  | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    300000 | PA      | $246000.00    | 0.05%             | 2050-02-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                               | Crown Castle Inc                                                                | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    736000 | PA      | $638500.61    | 0.12%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650DK3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    246000 | PA      | $207537.65    | 0.04%             | 2040-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BT2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    444000 | PA      | $289463.36    | 0.05%             | 2050-06-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     75000 | PA      | $64346.59     | 0.01%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                                         | CUSIP: 55336VAL4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    310000 | PA      | $269554.77    | 0.05%             | 2047-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TWDC ENTERPRISES 18 CORP                       | TWDC Enterprises 18 Corp                                                        | CUSIP: 25468PDM5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    705000 | PA      | $642043.85    | 0.12%             | 2026-07-30      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VAY9<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $213802.50    | 0.04%             | 2043-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | Alphabet Inc                                                                    | CUSIP: 02079KAF4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    823000 | PA      | $518999.85    | 0.10%             | 2050-08-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                            | Fifth Third Bancorp                                                             | CUSIP: 316773DA5<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    572000 | PA      | $516101.01    | 0.10%             | 2027-05-05      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VCV4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    220000 | PA      | $197292.59    | 0.04%             | 2036-01-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PED0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    600000 | PA      | $495756.90    | 0.09%             | 2031-05-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                       | Toyota Motor Credit Corp                                                        | CUSIP: 89236TFN0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    198000 | PA      | $195710.53    | 0.04%             | 2023-09-20      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                                                | CUSIP: 26441CAT2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    504000 | PA      | $377441.06    | 0.07%             | 2046-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200HF1<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    288000 | PA      | $241551.22    | 0.05%             | 2042-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LYONDELLBASELL IND NV                          | LyondellBasell Industries NV                                                    | CUSIP: 552081AM3<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $158029.00    | 0.03%             | 2055-02-26      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                         | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RAL1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95390.10     | 0.02%             | 2024-10-24      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SAM5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    220000 | PA      | $164981.19    | 0.03%             | 2042-08-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                            | American Tower Corp                                                             | CUSIP: 03027XAX8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181153.10    | 0.03%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582BF8<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    352000 | PA      | $317014.37    | 0.06%             | 2045-05-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                             | Raytheon Technologies Corp                                                      | CUSIP: 75513EAC5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    406000 | PA      | $294247.28    | 0.06%             | 2050-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VCX0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    455000 | PA      | $396714.96    | 0.07%             | 2048-09-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650DP2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    270000 | PA      | $191161.62    | 0.04%             | 2040-08-21      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                           | Lockheed Martin Corp                                                            | CUSIP: 539830BB4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    781000 | PA      | $687435.81    | 0.13%             | 2042-12-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                       | Prudential Financial Inc                                                        | CUSIP: 74432QCE3<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    346000 | PA      | $299987.36    | 0.06%             | 2050-02-25      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                | Caterpillar Inc                                                                 | CUSIP: 149123BS9<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82839.96     | 0.02%             | 2041-05-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAK2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    304000 | PA      | $252264.22    | 0.05%             | 2048-07-24      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05964HAL9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $528326.10    | 0.10%             | 2026-03-25      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                        | Duke Energy Florida LLC                                                         | CUSIP: 341099CL1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    300000 | PA      | $331500.30    | 0.06%             | 2038-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 29446MAK8<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    100000 | PA      | $86356.00     | 0.02%             | 2030-05-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp                                                                    | CUSIP: 20030NCJ8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    130000 | PA      | $113045.21    | 0.02%             | 2038-03-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                        | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $382484.80    | 0.07%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                            | CUSIP: 780082AD5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $148441.58    | 0.03%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                            | Synchrony Financial                                                             | CUSIP: 87165BAG8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    392000 | PA      | $374310.02    | 0.07%             | 2025-07-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833DX5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45120.13     | 0.01%             | 2025-08-20      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    680000 | PA      | $563862.80    | 0.11%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                       | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BG6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170996.18    | 0.03%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525AU7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    304000 | PA      | $290257.07    | 0.05%             | 2027-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND C                       | Archer-Daniels-Midland Co                                                       | CUSIP: 039482AB0<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |    162000 | PA      | $147582.32    | 0.03%             | 2030-03-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PAJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    485000 | PA      | $412009.93    | 0.08%             | 2038-07-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                            | Abbott Laboratories                                                             | CUSIP: 002824BH2<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    540000 | PA      | $544639.41    | 0.10%             | 2046-11-30      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFF6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    350000 | PA      | $338161.95    | 0.06%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $429375.00    | 0.08%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    402000 | PA      | $361798.19    | 0.07%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                       | Florida Power & Light Co                                                        | CUSIP: 341081FX0<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    352000 | PA      | $259544.74    | 0.05%             | 2049-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GGT0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    320000 | PA      | $305765.92    | 0.06%             | 2025-10-01      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    431000 | PA      | $407144.15    | 0.08%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200JG7<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240750.00    | 0.05%             | 2026-02-19      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    840000 | PA      | $780942.54    | 0.15%             | 2026-04-22      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBA8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    605000 | PA      | $581569.86    | 0.11%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBV4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    326000 | PA      | $290378.31    | 0.05%             | 2029-07-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    168000 | PA      | $155480.89    | 0.03%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                       | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    339000 | PA      | $296005.48    | 0.06%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                    | Southern Co/The                                                                 | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    970000 | PA      | $922267.27    | 0.17%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                         | ConocoPhillips Co                                                               | CUSIP: 208251AE8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $112001.60    | 0.02%             | 2029-04-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA LTD                          | Rio Tinto Finance USA Ltd                                                       | CUSIP: 767201AL0<br>LEI: 213800RX94ZKEZXPKH58 | Long             | DBT              | CORP              | AU        |    306000 | PA      | $311802.83    | 0.06%             | 2040-11-02      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                          | General Dynamics Corp                                                           | CUSIP: 369550BK3<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48487.85     | 0.01%             | 2025-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA Inc                                                                         | CUSIP: 404119BY4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89410.00     | 0.02%             | 2039-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CP7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    212000 | PA      | $184344.18    | 0.03%             | 2027-09-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES HLDGS LLC                         | Baker Hughes Holdings LLC                                                       | CUSIP: 057224AZ0<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47005.95     | 0.01%             | 2040-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                    | Truist Bank                                                                     | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    550000 | PA      | $446543.35    | 0.08%             | 2030-03-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $513020.40    | 0.10%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                              | Toyota Motor Corp                                                               | CUSIP: 892331AM1<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |     80000 | PA      | $72322.16     | 0.01%             | 2026-03-25      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                        | Shell International Finance BV                                                  | CUSIP: 822582BE1<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    328000 | PA      | $306958.96    | 0.06%             | 2035-05-11      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                                              | CUSIP: 05964HAM7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $631274.40    | 0.12%             | 2031-03-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    300000 | PA      | $233132.25    | 0.04%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RHK1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    140000 | PA      | $128946.72    | 0.02%             | 2039-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHR4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    535000 | PA      | $506748.79    | 0.09%             | 2027-04-27      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                                            | CUSIP: 961214ET6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $329970.60    | 0.06%             | 2031-06-03      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RCQ3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    435000 | PA      | $380556.27    | 0.07%             | 2046-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co/The                                                              | CUSIP: 254687FW1<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    202000 | PA      | $180160.57    | 0.03%             | 2028-01-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                          | Republic Services Inc                                                           | CUSIP: 760759AT7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    390000 | PA      | $374004.15    | 0.07%             | 2028-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                        | GlaxoSmithKline Capital Inc                                                     | CUSIP: 377372AE7<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    511000 | PA      | $586075.35    | 0.11%             | 2038-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                     | Fiserv Inc                                                                      | CUSIP: 337738AS7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    400000 | PA      | $383899.80    | 0.07%             | 2024-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                     | CUSIP: 29446MAC6<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    114000 | PA      | $85553.30     | 0.02%             | 2049-11-18      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                           | Southern Copper Corp                                                            | CUSIP: 84265VAA3<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    341000 | PA      | $386421.20    | 0.07%             | 2035-07-27      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200KL4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $200213.40    | 0.04%             | 2050-05-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGL8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241020.38    | 0.05%             | 2027-07-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                         | TotalEnergies Capital International SA                                          | CUSIP: 89153VAL3<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    184000 | PA      | $182015.56    | 0.03%             | 2024-04-10      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                          | Applied Materials Inc                                                           | CUSIP: 038222AM7<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    136000 | PA      | $125069.00    | 0.02%             | 2047-04-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                  | CUSIP: 61746BDQ6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    885000 | PA      | $870570.08    | 0.16%             | 2024-04-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BP6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $227660.10    | 0.04%             | 2056-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                        | Simon Property Group LP                                                         | CUSIP: 828807DJ3<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    220000 | PA      | $162945.97    | 0.03%             | 2050-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216CT5<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    292000 | PA      | $272701.28    | 0.05%             | 2030-03-25      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFJ8<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88590.75     | 0.02%             | 2029-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                               | Coca-Cola Co/The                                                                | CUSIP: 191216DQ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    110000 | PA      | $85619.99     | 0.02%             | 2041-05-05      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46647PBM7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     80000 | PA      | $59712.12     | 0.01%             | 2041-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                              | Lam Research Corp                                                               | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    238000 | PA      | $229389.16    | 0.04%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                            | American International Group Inc                                                | CUSIP: 026874DH7<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48601.95     | 0.01%             | 2026-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                                             | CUSIP: 46625HQW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    760000 | PA      | $725664.34    | 0.14%             | 2026-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                     | Zoetis Inc                                                                      | CUSIP: 98978VAH6<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    410000 | PA      | $382614.46    | 0.07%             | 2043-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                         | Motorola Solutions Inc                                                          | CUSIP: 620076BN8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    692000 | PA      | $662647.78    | 0.12%             | 2029-05-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TWDC ENTERPRISES 18 CORP                       | TWDC Enterprises 18 Corp                                                        | CUSIP: 25468PDB9<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    190000 | PA      | $166499.09    | 0.03%             | 2044-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                   | Stryker Corp                                                                    | CUSIP: 863667AJ0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    220000 | PA      | $199969.22    | 0.04%             | 2046-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | Alphabet Inc                                                                    | CUSIP: 02079KAG2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    497000 | PA      | $300420.84    | 0.06%             | 2060-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                   | Alphabet Inc                                                                    | CUSIP: 02079KAJ6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43221.95     | 0.01%             | 2027-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 780097BM2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    558000 | PA      | $514872.18    | 0.10%             | 2029-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                          | Entergy Louisiana LLC                                                           | CUSIP: 29364WBA5<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    330000 | PA      | $300990.86    | 0.06%             | 2033-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                     | Biogen Inc                                                                      | CUSIP: 09062XAD5<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    372000 | PA      | $352315.06    | 0.07%             | 2045-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                              | Johnson & Johnson                                                               | CUSIP: 478160CE2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     83000 | PA      | $79320.73     | 0.01%             | 2027-03-03      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                   | Chevron Corp                                                                    | CUSIP: 166764BD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $107209.30    | 0.02%             | 2025-11-17      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                          | Truist Financial Corp                                                           | CUSIP: 05531FBF9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    971000 | PA      | $959270.81    | 0.18%             | 2023-12-06      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                   | QUALCOMM Inc                                                                    | CUSIP: 747525AJ2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    320000 | PA      | $310360.80    | 0.06%             | 2035-05-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                         | TotalEnergies Capital International SA                                          | CUSIP: 89153VAW9<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    220000 | PA      | $157936.24    | 0.03%             | 2060-06-29      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88549.10     | 0.02%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                                      | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    150000 | PA      | $95233.80     | 0.02%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AZ8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    410000 | PA      | $349067.03    | 0.07%             | 2030-01-22      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                      | Boeing Co/The                                                                   | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88357.55     | 0.02%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135AN6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    179000 | PA      | $176636.75    | 0.03%             | 2024-12-05      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                       | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $231721.92    | 0.04%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                         | American Honda Finance Corp                                                     | CUSIP: 02665WDD0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    430000 | PA      | $410077.24    | 0.08%             | 2024-09-10      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                    | Viatris Inc                                                                     | CUSIP: 92556VAE6<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    360000 | PA      | $247909.50    | 0.05%             | 2040-06-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAZ8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    480000 | PA      | $353018.88    | 0.07%             | 2041-10-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172AW9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    241000 | PA      | $187551.74    | 0.04%             | 2043-03-04      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    277000 | PA      | $254784.18    | 0.05%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                          | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAZ7<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    345000 | PA      | $247748.47    | 0.05%             | 2049-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAS7<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    225000 | PA      | $159717.26    | 0.03%             | 2050-08-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                       | Intercontinental Exchange Inc                                                   | CUSIP: 45866FAN4<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    330000 | PA      | $254172.93    | 0.05%             | 2032-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                                 | Halliburton Co                                                                  | CUSIP: 406216BK6<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179656.30    | 0.03%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                                               | CUSIP: 78009PEH0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    470000 | PA      | $441289.35    | 0.08%             | 2030-01-27      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AN0<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    435000 | PA      | $397842.52    | 0.07%             | 2048-04-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple Inc                                                                       | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    729000 | PA      | $712489.61    | 0.13%             | 2046-02-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                            | Gilead Sciences Inc                                                             | CUSIP: 375558AW3<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    420000 | PA      | $412871.97    | 0.08%             | 2024-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBE2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    207000 | PA      | $202334.63    | 0.04%             | 2025-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1790000 | PA      | $1511584.30   | 0.28%             | 2027-06-14      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                                                | CUSIP: 94974BGP9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    272000 | PA      | $263507.07    | 0.05%             | 2025-09-29      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom Inc                                                                    | CUSIP: 11135FBJ9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    600000 | PA      | $433821.30    | 0.08%             | 2041-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                                                | CUSIP: 26441CAN5<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    372000 | PA      | $367996.16    | 0.07%             | 2024-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OMNICOM GP/OMNICOM CAP                         | Omnicom Group Inc / Omnicom Capital Inc                                         | CUSIP: 68217FAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $820464.63    | 0.15%             | 2026-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                        | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    748000 | PA      | $764010.57    | 0.14%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp                                                                      | CUSIP: 458140AN0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    771000 | PA      | $718189.58    | 0.13%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBX0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $129784.05    | 0.02%             | 2030-01-31      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                            | Sherwin-Williams Co/The                                                         | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    288000 | PA      | $270988.56    | 0.05%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                                         | CUSIP: 0641596E1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $69649.50     | 0.01%             | 2024-07-31      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                          | Novartis Capital Corp                                                           | CUSIP: 66989HAP3<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    158000 | PA      | $149382.44    | 0.03%             | 2025-02-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CL2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    256000 | PA      | $251548.29    | 0.05%             | 2025-07-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | US Bancorp                                                                      | CUSIP: 91159HHG8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    520000 | PA      | $513740.76    | 0.10%             | 2024-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                                       | CUSIP: 89114TZG0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $65704.95     | 0.01%             | 2026-09-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PDU3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $240578.25    | 0.04%             | 2049-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     70000 | PA      | $45546.20     | 0.01%             | 2051-02-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp                                            | CUSIP: 459200KB6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    540000 | PA      | $473344.83    | 0.09%             | 2039-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    628000 | PA      | $627801.55    | 0.12%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                            | Otis Worldwide Corp                                                             | CUSIP: 68902VAK3<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    404000 | PA      | $344747.54    | 0.06%             | 2030-02-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                 | Air Lease Corp                                                                  | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     80000 | PA      | $70041.96     | 0.01%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                         | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    340000 | PA      | $325546.77    | 0.06%             | 2028-09-15      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BZ4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    300000 | PA      | $219273.45    | 0.04%             | 2049-12-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                                        | CUSIP: 00206RHW5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    111000 | PA      | $106923.47    | 0.02%             | 2027-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                     | Cigna Corp                                                                      | CUSIP: 125523AJ9<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    300000 | PA      | $283254.90    | 0.05%             | 2038-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                                                 | CUSIP: 718172AM1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $162170.30    | 0.03%             | 2041-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA Inc                                                                | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    400000 | PA      | $347989.80    | 0.07%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                                                | CUSIP: 06368BQ68<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1784000 | PA      | $1750550.00   | 0.33%             | 2028-10-05      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                           | Lockheed Martin Corp                                                            | CUSIP: 539830BN8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    168000 | PA      | $145667.51    | 0.03%             | 2052-09-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                         | Credit Suisse Group AG                                                          | CUSIP: 225433AC5<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    660000 | PA      | $590161.11    | 0.11%             | 2025-03-26      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                    | Southern Co/The                                                                 | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $269625.00    | 0.05%             | 2051-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp                                                                  | CUSIP: 594918CF9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    451000 | PA      | $329209.71    | 0.06%             | 2062-03-17      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                                            | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    830000 | PA      | $649870.08    | 0.12%             | 2031-07-23      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp                                                                 | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1116000 | PA      | $1029540.69   | 0.19%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                          | Time Warner Cable LLC                                                           | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67360.13     | 0.01%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076BY7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    390000 | PA      | $356683.08    | 0.07%             | 2029-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AT7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    280000 | PA      | $254218.16    | 0.05%             | 2050-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBA0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    304000 | PA      | $270379.42    | 0.05%             | 2044-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $418150.91    | 0.08%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                             | Analog Devices Inc                                                              | CUSIP: 032654AN5<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72001.61     | 0.01%             | 2026-12-05      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES INC                              | CF Industries Inc                                                               | CUSIP: 12527GAE3<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    375000 | PA      | $345584.81    | 0.06%             | 2044-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076CF7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    400000 | PA      | $313518.20    | 0.06%             | 2031-03-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                         | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    289000 | PA      | $226215.47    | 0.04%             | 2032-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                       | Enterprise Products Operating LLC                                               | CUSIP: 29379VBJ1<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    220000 | PA      | $194575.04    | 0.04%             | 2046-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                               | Altria Group Inc                                                                | CUSIP: 02209SBE2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93372.95     | 0.02%             | 2039-02-14      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                 | Merck & Co Inc                                                                  | CUSIP: 58933YAY1<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    102000 | PA      | $91550.61     | 0.02%             | 2026-02-24      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                                          | CUSIP: 91324PEK4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    511000 | PA      | $482084.04    | 0.09%             | 2052-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                     | Fiserv Inc                                                                      | CUSIP: 337738AV0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    400000 | PA      | $330300.60    | 0.06%             | 2049-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                                         | CUSIP: 55336VBQ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    914000 | PA      | $755536.62    | 0.14%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                              | Lam Research Corp                                                               | CUSIP: 512807AW8<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    352000 | PA      | $248239.55    | 0.05%             | 2050-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                      | Amgen Inc                                                                       | CUSIP: 031162CS7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    712000 | PA      | $521501.55    | 0.10%             | 2050-02-21      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com Inc                                                                  | CUSIP: 023135BF2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    715000 | PA      | $643410.98    | 0.12%             | 2037-08-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot Inc/The                                                              | CUSIP: 437076CC4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    460000 | PA      | $374772.35    | 0.07%             | 2040-04-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                    | Walmart Inc                                                                     | CUSIP: 931142CB7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    515000 | PA      | $549543.37    | 0.10%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                       | Kaiser Foundation Hospitals                                                     | CUSIP: 48305QAE3<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    286000 | PA      | $211105.32    | 0.04%             | 2049-11-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                              | CUSIP: 29278NAH6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197444.60    | 0.04%             | 2024-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp                                                                 | CUSIP: 58013MFH2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    296000 | PA      | $263894.36    | 0.05%             | 2048-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                       | NIKE Inc                                                                        | CUSIP: 654106AK9<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    300000 | PA      | $269576.10    | 0.05%             | 2030-03-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-25

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

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President Assistant Treasurer