# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0001752724-23-012760
**Filing Date:** 2023-1
**Character Count:** 824091
**Document Hash:** da325ea53b0f0ecc28a0029df1197b4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012760.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012760

**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:** 23552251

**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 Ultra Short Bond ETF (Series ID: S000064104)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000207250 | Goldman Sachs Access Ultra Short Bond ETF | GSST            |

## 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 Ultra Short Bond ETF

- **b. EDGAR series identifier (if any):** S000064104

- **c. LEI of Series:** 549300FKQVF6C8MY6C40

**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:** $526864634.65

**Total Liabilities:** $4177374.22

**Net Assets:** $522687260.43

**Cash Not Reported:** $2676728.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2278.32000000 | **1-Year:** 21097.33000000 | **5-Year:** 8987.23000000 | **10-Year:** 29813.53000000 | **30-Year:** 24185.11000000

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

- **3-Month:** 138.57000000 | **1-Year:** 135.46000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000207250 | -0.35%               | -0.00%               | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-36593.08               | $-2822958.00                               |
| Month 2  | $-28364.34               | $-1389297.44                               |
| Month 3  | $-931596.78              | $1929725.40                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FGW76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    214867 | PA      | $209353.49    | 0.04%             | 2048-04-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                  | CUSIP: 251526CL1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2975000 | PA      | $2952146.56   | 0.56%             | 2023-11-08      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2015-C31                | CUSIP: 94989WAT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83882 | PA      | $81338.94     | 0.02%             | 2048-11-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust 2021-ARIA                                            | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1222744.22   | 0.23%             | 2036-10-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust 2005-5                                 | CUSIP: 78442GPQ3<br>LEI: 549300WCW8E0MUEMAH47 | Long             | ABS-O            | CORP              | US        |    317341 | PA      | $313243.86    | 0.06%             | 2028-10-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31396AC93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    507649 | PA      | $503062.52    | 0.10%             | 2035-09-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| TCW Gem Ltd                                    | TCW CLO 2022-1 Ltd                                            | CUSIP: 871969AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3398090.50   | 0.65%             | 2033-04-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31395N2P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    195652 | PA      | $193940.58    | 0.04%             | 2036-07-25      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                         | CenterPoint Energy Resources Corp                             | CUSIP: 15189WAM2<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    900000 | PA      | $889341.80    | 0.17%             | 2023-03-02      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| KKR Industrial Portfolio Trust                 | KKR Industrial Portfolio Trust 2021-KDIP                      | CUSIP: 48254CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409014 | PA      | $396968.52    | 0.08%             | 2037-12-15      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FQVN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1119593 | PA      | $1094785.70   | 0.21%             | 2050-01-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137AQ7B8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    384869 | PA      | $381569.01    | 0.07%             | 2032-05-15      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                      | CUSIP: 539439AS8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1367000 | PA      | $1353984.85   | 0.26%             | 2023-08-16      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                   | 7-Eleven Inc                                                  | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1233981.75   | 0.24%             | 2023-02-10      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                         | Federal Home Loan Banks                                       | CUSIP: 3130ATPK7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    600000 | PA      | $599093.50    | 0.11%             | 2023-11-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136ANWT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99671 | PA      | $98760.02     | 0.02%             | 2045-05-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                          | TransCanada PipeLines Ltd                                     | CUSIP: 89352HAK5<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2960915.01   | 0.57%             | 2023-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                         | Mitsubishi UFJ Financial Group Inc                            | CUSIP: 606822CP7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1529000 | PA      | $1524405.13   | 0.29%             | 2025-09-12      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust 2005-7                                 | CUSIP: 78442GQJ8<br>LEI: 549300H0EHPP0GTD9V95 | Long             | ABS-O            | CORP              | US        |    114204 | PA      | $113770.52    | 0.02%             | 2029-10-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398SXN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    113055 | PA      | $111637.92    | 0.02%             | 2040-12-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| SVENN 2.795 05/25/2023                         | SVENN 2.795 05/25/2023                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1146741.20   | 0.22%             | 2023-05-25      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac Pool                                              | CUSIP: 3132A5J89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    845298 | PA      | $855429.48    | 0.16%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SLC Student Loan Trust                         | SLC Student Loan Trust 2007-1                                 | CUSIP: 784424AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200712 | PA      | $1159445.44   | 0.22%             | 2029-05-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31395DUX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97628 | PA      | $97052.07     | 0.02%             | 2036-06-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398P5P0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    165838 | PA      | $166099.26    | 0.03%             | 2040-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                       | Take-Two Interactive Software Inc                             | CUSIP: 874054AE9<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    571000 | PA      | $556235.17    | 0.11%             | 2024-03-28      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                       | ANZ New Zealand Int'l Ltd/London                              | CUSIP: 00182EBQ1<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    500000 | PA      | $494132.64    | 0.09%             | 2025-02-18      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| MITSU3 0 2023-01-09                            | MITSU3 0 2023-01-09                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1291000 | PA      | $1285190.50   | 0.25%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                            | NatWest Markets PLC                                           | CUSIP: 63906YAA6<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $981269.95    | 0.19%             | 2023-05-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                               | Freddie Mac Strips                                            | CUSIP: 3128HVZR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    424849 | PA      | $421220.64    | 0.08%             | 2036-08-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                 | Mercedes-Benz Auto Lease Trust 2021-B                         | CUSIP: 58769KAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $821350.67    | 0.16%             | 2024-11-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                    | Extended Stay America Trust 2021-ESH                          | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1415479 | PA      | $1375864.00   | 0.26%             | 2038-07-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| DISCOVER BANK                                  | Discover Bank                                                 | CUSIP: 25466AAK7<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1993025.38   | 0.38%             | 2023-02-06      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T                 | Honda Auto Receivables 2019-4 Owner Trust                     | CUSIP: 43813VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149955 | PA      | $149138.67    | 0.03%             | 2024-01-18      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                        | Dryden 80 CLO Ltd                                             | CUSIP: 26245JAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3861964.00   | 0.74%             | 2033-01-17      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                        | National Bank of Canada                                       | CUSIP: 63307A2Q7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    655000 | PA      | $645586.46    | 0.12%             | 2024-08-06      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136A4XW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    761343 | PA      | $752455.62    | 0.14%             | 2042-03-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136ATKM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    936807 | PA      | $928490.47    | 0.18%             | 2046-08-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398PUZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1705094 | PA      | $1700751.25   | 0.33%             | 2040-05-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                 | Public Storage                                                | CUSIP: 74460WAB3<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1375611.40   | 0.26%             | 2024-04-23      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                              | CUSIP: 94974BFN5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    462000 | PA      | $459280.35    | 0.09%             | 2023-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Goal Capital Funding Trust                     | Goal Capital Funding Trust 2010-1                             | CUSIP: 38021EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182189 | PA      | $174889.05    | 0.03%             | 2048-08-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23   | CUSIP: 61690QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $521929.82    | 0.10%             | 2050-07-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                        | Cooperatieve Rabobank UA/NY                                   | CUSIP: 21688AAT9<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1185000 | PA      | $1168716.45   | 0.22%             | 2025-01-10      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                               | Carlisle Cos Inc                                              | CUSIP: 142339AK6<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   1117000 | PA      | $1077450.56   | 0.21%             | 2023-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31397HJN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    586127 | PA      | $580319.36    | 0.11%             | 2035-08-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                     | Ecolab Inc                                                    | CUSIP: 278865BK5<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    272000 | PA      | $261100.01    | 0.05%             | 2023-12-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                         | Mizuho Financial Group Inc                                    | CUSIP: 60687YBF5<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   1358000 | PA      | $1319568.84   | 0.25%             | 2024-07-10      | Fixed         | 1.24%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trus                 | Barclays Dryrock Issuance Trust                               | CUSIP: 06742LAT0<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2234567.76   | 0.43%             | 2027-07-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDU ASSIST                 | Pennsylvania Higher Education Assistance Agency               | CUSIP: 709163HT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27537 | PA      | $27549.04     | 0.01%             | 2029-07-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FAXR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3214520 | PA      | $3163152.10   | 0.61%             | 2047-09-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136ACAX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    105195 | PA      | $103649.93    | 0.02%             | 2043-02-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                   | Enbridge Inc                                                  | CUSIP: 29250NBG9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    726000 | PA      | $698310.15    | 0.13%             | 2023-10-04      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Educational Services of Americ                 | Edsouth Indenture No 3 LLC                                    | CUSIP: 28137QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26671 | PA      | $26602.86     | 0.01%             | 2039-04-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2015-GC29                 | CUSIP: 17323VBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    185515 | PA      | $180934.30    | 0.03%             | 2048-04-10      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31397GX39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23718 | PA      | $23515.67     | 0.00%             | 2036-12-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                          | CUSIP: 961214FH1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2567000 | PA      | $2588845.43   | 0.50%             | 2024-10-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                 | ICG US CLO 2015-1 Ltd                                         | CUSIP: 44931AAJ8<br>LEI: 254900IL8TH4VLG5DO47 | Long             | ABS-CBDO         | CORP              | KY        |    676214 | PA      | $667225.22    | 0.13%             | 2028-10-19      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31396LXF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2384823 | PA      | $2361268.94   | 0.45%             | 2036-11-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                         | Banque Federative du Credit Mutuel SA                         | CUSIP: 06675FAV9<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1298000 | PA      | $1226691.86   | 0.23%             | 2024-02-27      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr                 | BA Credit Card Trust                                          | CUSIP: 05522RDD7<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $469285.10    | 0.09%             | 2026-09-15      | Fixed         | 0.44%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T Inc                                                      | CUSIP: 00206RMH2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2154000 | PA      | $2138940.89   | 0.41%             | 2024-03-25      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                    | Southern Co/The                                               | CUSIP: 842587CU9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1482393.18   | 0.28%             | 2023-07-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                     | CUSIP: 89114TZS4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1781000 | PA      | $1775554.13   | 0.34%             | 2024-03-08      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                       | Volkswagen Group of America Finance LLC                       | CUSIP: 928668BQ4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993702.45    | 0.19%             | 2024-06-07      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                   | DNB BANK ASA                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | NO        |   2731000 | PA      | $2595160.06   | 0.50%             | 2023-11-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                              | CUSIP: 06367WYH0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1450000 | PA      | $1449345.40   | 0.28%             | 2023-03-10      | Floating      | 3.83%                 | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY CP 12/22/22                      | SUNCOR ENERGY CP 12/22/22                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1983000 | PA      | $1977745.05   | 0.38%             | 2022-12-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                       | OZLM XI Ltd                                                   | CUSIP: 67109UAS1<br>LEI: 5493009CITK5BZZY6417 | Long             | ABS-CBDO         | CORP              | KY        |    247297 | PA      | $242890.14    | 0.05%             | 2030-10-30      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| SLC Student Loan Trust                         | SLC Student Loan Trust 2010-1                                 | CUSIP: 78444WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264292 | PA      | $260958.62    | 0.05%             | 2042-11-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE                        | GSK Consumer Healthcare Capital US LLC                        | CUSIP: 36264FAJ0<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2089235.06   | 0.40%             | 2024-03-24      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| SLC Student Loan Trust                         | SLC Student Loan Trust 2005-3                                 | CUSIP: 784420AP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    189963 | PA      | $189384.98    | 0.04%             | 2029-06-15      | Floating      | 3.41%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master O                 | Ford Credit Floorplan Master Owner Trust A                    | CUSIP: 34528QGD0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $994296.00    | 0.19%             | 2025-03-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2015-C31           | CUSIP: 46644YAW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    407461 | PA      | $394169.66    | 0.08%             | 2048-08-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                         | NextEra Energy Capital Holdings Inc                           | CUSIP: 65339KBV1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499195.99    | 0.10%             | 2023-03-01      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F                 | Ford Credit Auto Owner Trust 2018-REV2                        | CUSIP: 34528HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1480195.95   | 0.28%             | 2030-01-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2017-III Ltd                                     | CUSIP: 12548JAC6<br>LEI: 254900S2BZHNDNVF2L25 | Long             | ABS-CBDO         | CORP              | KY        |   2339168 | PA      | $2306309.55   | 0.44%             | 2030-07-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2014-GC19                 | CUSIP: 17322AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $2332200.72   | 0.45%             | 2047-03-11      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                                | OGE Energy Corp                                               | CUSIP: 670837AC7<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |    226000 | PA      | $221321.89    | 0.04%             | 2023-05-26      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES                 | Mercedes-Benz Auto Receivables Trust 2022-1                   | CUSIP: 58768PAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $999758.50    | 0.19%             | 2025-10-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| AT&T INC 6/21/07 5.25%                         | AT&T INC 0% CP 12/28/2022                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2049000 | PA      | $2041971.93   | 0.39%             | 2022-12-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38381VB33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    886453 | PA      | $872885.06    | 0.17%             | 2049-05-20      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398PU98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    552353 | PA      | $554695.53    | 0.11%             | 2037-06-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FN4L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    180057 | PA      | $176674.25    | 0.03%             | 2048-09-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| KnowledgeWorks Foundation                      | KnowledgeWorks Foundation                                     | CUSIP: 49925JAE7<br>LEI: 549300ZCR1DGZJLXTI23 | Long             | ABS-MBS          | CORP              | US        |    202067 | PA      | $199645.81    | 0.04%             | 2042-02-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137AVX28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2056693 | PA      | $2019715.59   | 0.39%             | 2042-11-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                 | Air Lease Corp                                                | CUSIP: 00914AAD4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1037000 | PA      | $1032039.44   | 0.20%             | 2023-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                            | Charles Schwab Corp/The                                       | CUSIP: 808513BM6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993053.06    | 0.19%             | 2024-03-18      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term                  | GM Financial Consumer Automobile Receivables Trust 2019-4     | CUSIP: 36258MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3230000 | PA      | $3178511.54   | 0.61%             | 2025-01-16      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| EBAY INC                                       | eBay Inc                                                      | CUSIP: 278642AS2<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    604000 | PA      | $601837.69    | 0.12%             | 2023-01-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31394LYU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    178100 | PA      | $181425.09    | 0.03%             | 2033-11-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                      | CUSIP: 53944YAN3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1192000 | PA      | $1163011.43   | 0.22%             | 2024-05-11      | Fixed         | 0.69%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co                                           | CUSIP: 025816CR8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1854000 | PA      | $1848377.86   | 0.35%             | 2025-03-04      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137AUGN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1660490 | PA      | $1632262.66   | 0.31%             | 2042-09-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                 | Air Lease Corp                                                | CUSIP: 00912XBC7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493884.65    | 0.09%             | 2023-07-03      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                             | Shackleton 2015-VIII CLO Ltd                                  | CUSIP: 81882EAN2<br>LEI: 549300VJPG28RMYCYW83 | Long             | ABS-CBDO         | CORP              | KY        |    211273 | PA      | $209293.94    | 0.04%             | 2027-10-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                       | Sumitomo Mitsui Financial Group Inc                           | CUSIP: 86562MAW0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1020000 | PA      | $1019969.54   | 0.20%             | 2023-01-17      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                | CUSIP: 61747YEJ0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1764000 | PA      | $1732238.77   | 0.33%             | 2025-01-24      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                              | Trimaran Cavu 2021-1 Ltd                                      | CUSIP: 89624NAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $976048.00    | 0.19%             | 2032-04-23      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| METLIFE SHORT TERM FUND                        | BEAG 0 09 01 2023                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2514000 | PA      | $2412560.10   | 0.46%             | 2023-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                   | Enbridge Inc                                                  | CUSIP: 29250NBD6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2765000 | PA      | $2759711.08   | 0.53%             | 2023-02-17      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                       | Master Credit Card Trust                                      | CUSIP: 576339CJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   1400000 | PA      | $1303009.40   | 0.25%             | 2025-11-21      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                       | Jackson National Life Global Funding                          | CUSIP: 46849LTN1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1299862.34   | 0.25%             | 2023-01-06      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                    | KeyBank NA/Cleveland OH                                       | CUSIP: 49327M3D4<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989777.24    | 0.19%             | 2024-06-14      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE                        | GSK Consumer Healthcare Capital US LLC                        | CUSIP: 36264FAH4<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   1183000 | PA      | $1148511.24   | 0.22%             | 2024-03-24      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac Non Gold Pool                                     | CUSIP: 31288QJ92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7795001 | PA      | $7830155.19   | 1.50%             | 2046-01-01      | Floating      | 3.17%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                  | CUSIP: 06738EBB0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1161000 | PA      | $1150417.76   | 0.22%             | 2024-05-16      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31397URA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    161242 | PA      | $160597.20    | 0.03%             | 2041-06-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2015-GC33                 | CUSIP: 29425AAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2845299.30   | 0.54%             | 2058-09-10      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2014-C18           | CUSIP: 46641JAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162545 | PA      | $160368.74    | 0.03%             | 2047-02-15      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| Educational Services of Americ                 | Edsouth Indenture No 10 LLC                                   | CUSIP: 28138JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75248 | PA      | $75428.24     | 0.01%             | 2056-12-25      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                         | Federal Home Loan Banks                                       | CUSIP: 3130ATTR8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    600000 | PA      | $599022.95    | 0.11%             | 2023-11-29      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398GMX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    218564 | PA      | $219350.66    | 0.04%             | 2040-01-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Atrium CDO Corp                                | Madison Park Funding XLI Ltd                                  | CUSIP: 04965CAJ7<br>LEI: 549300O252OCTN35RH57 | Long             | ABS-CBDO         | CORP              | KY        |    221669 | PA      | $219210.40    | 0.04%             | 2027-04-22      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2013-CCRE8 Mortgage Trust                                | CUSIP: 12625KAE5<br>LEI: 549300NGGFIEJ2ER3D22 | Long             | ABS-MBS          | CORP              | US        |    695032 | PA      | $688660.89    | 0.13%             | 2046-06-10      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38374HYS3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    430813 | PA      | $427527.72    | 0.08%             | 2034-08-16      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                       | National Rural Utilities Cooperative Finance Corp             | CUSIP: 63743HFB3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1884000 | PA      | $1877032.70   | 0.36%             | 2023-08-07      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137ARPN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    196321 | PA      | $193942.81    | 0.04%             | 2042-06-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                 | Barings CLO Ltd 2018-III                                      | CUSIP: 06760PAC5<br>LEI: 5493000D71NBEM2WZE67 | Long             | ABS-CBDO         | CORP              | KY        |    292393 | PA      | $288957.36    | 0.06%             | 2029-07-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                          | CUSIP: 06051GKT5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1933557.15   | 0.37%             | 2025-04-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-CCRE26 Mortgage Trust                               | CUSIP: 12593QBC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    556916 | PA      | $542864.99    | 0.10%             | 2048-10-10      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38381BDB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2698068 | PA      | $2658834.02   | 0.51%             | 2048-12-20      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| AIG GLOBAL FUNDING                             | AIG Global Funding                                            | CUSIP: 00138MAA4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1386301.71   | 0.27%             | 2023-12-15      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                | United States Treasury Note/Bond                              | CUSIP: 91282CDD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $634167.19    | 0.12%             | 2023-10-31      | Fixed         | 0.38%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398T6X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    147556 | PA      | $146614.72    | 0.03%             | 2040-10-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                   | ING Groep NV                                                  | CUSIP: 456837AP8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1402000 | PA      | $1371500.46   | 0.26%             | 2024-04-09      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                    | Southern Co/The                                               | CUSIP: 842587DK0<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1636000 | PA      | $1625290.53   | 0.31%             | 2023-05-10      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK OF AUST                      | COMMONWEALTH BANK OF AUST                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   2579000 | PA      | $2578406.83   | 0.49%             | 2023-11-22      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                  | Citigroup Commercial Mortgage Trust 2014-GC21                 | CUSIP: 17322MAW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $580273.44    | 0.11%             | 2047-05-10      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                                   | CUSIP: 912796R27<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1495555.10   | 0.29%             | 2022-12-29      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AVZT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    756576 | PA      | $744282.56    | 0.14%             | 2047-03-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BK/NY                       | Standard Chartered Bank/New York                              | CUSIP: 85325VW89<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |   1972000 | PA      | $1967827.11   | 0.38%             | 2023-07-28      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                    | State of Illinois                                             | CUSIP: 452151LE1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    567273 | PA      | $567097.95    | 0.11%             | 2023-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                               | Freddie Mac Strips                                            | CUSIP: 3128HVZG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    169940 | PA      | $168411.87    | 0.03%             | 2036-08-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137B4UR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     83104 | PA      | $82499.17     | 0.02%             | 2041-05-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                      | Nelnet Student Loan Trust 2014-2                              | CUSIP: 64033LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    164581 | PA      | $164489.91    | 0.03%             | 2030-03-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31395NCU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    969912 | PA      | $963436.80    | 0.18%             | 2036-06-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| SOCGL 0 11/15/2023                             | SOCGL 0 11/15/2023                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |   2716000 | PA      | $2576044.52   | 0.49%             | 2023-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31396KYA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    407120 | PA      | $404373.57    | 0.08%             | 2036-08-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                  | UBS AG/London                                                 | CUSIP: 902674YT1<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   3500000 | PA      | $3456774.20   | 0.66%             | 2025-01-13      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                    | Swedbank AB                                                   | CUSIP: 87020PAK3<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    700000 | PA      | $686658.00    | 0.13%             | 2023-06-02      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                           | Mercedes-Benz Finance North America LLC                       | CUSIP: 233851DY7<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991028.48    | 0.19%             | 2023-03-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                              | Atmos Energy Corp                                             | CUSIP: 049560AV7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    747000 | PA      | $746065.87    | 0.14%             | 2023-03-09      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                             | BMW US Capital LLC                                            | CUSIP: 05565EBZ7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1222608.21   | 0.23%             | 2025-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AYRQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1808523 | PA      | $1769027.66   | 0.34%             | 2047-11-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                      | Anchorage Capital CLO 4-R Ltd                                 | CUSIP: 03328LAA0<br>LEI: 549300MP4QPQUMB6AD63 | Long             | ABS-CBDO         | CORP              | KY        |    979518 | PA      | $965493.68    | 0.18%             | 2031-01-28      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2015-1 Ltd                                           | CUSIP: 92914NAJ0<br>LEI: 54930085W413OSH6FR69 | Long             | ABS-CBDO         | CORP              | KY        |    198205 | PA      | $195609.63    | 0.04%             | 2029-01-18      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                          | CUSIP: 06051GKF5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $2689304.06   | 0.51%             | 2025-02-04      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31396KE99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    348832 | PA      | $346828.43    | 0.07%             | 2036-09-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                          | Toronto-Dominion Bank/The                                     | CUSIP: 89114TZM7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $3918678.48   | 0.75%             | 2025-01-10      | Floating      | 3.82%                 | No            |                  2 | On Loan: No      |
| NORTHSTAR EDUCATION FINANCE, I                 | NorthStar Student Loan Trust III                              | CUSIP: 66705RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740173 | PA      | $741030.68    | 0.14%             | 2036-05-27      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| US TREASURY FRN                                | United States Treasury Floating Rate Note                     | CUSIP: 91282CDE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11200000 | PA      | $11208190.11  | 2.14%             | 2023-10-31      | Floating      | 4.37%                 | No            |                  1 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust 2003-11                                | CUSIP: 78442GJS6<br>LEI: 5493001M3I3E3XROS356 | Long             | ABS-O            | CORP              | US        |      9543 | PA      | $9537.19      | 0.00%             | 2025-12-15      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2017-II Ltd                                      | CUSIP: 12550YAN4<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-CBDO         | CORP              | KY        |    497064 | PA      | $489092.85    | 0.09%             | 2030-04-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| COCA-COLA EUROPACIFIC                          | Coca-Cola Europacific Partners PLC                            | CUSIP: 19123MAD5<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |   1917000 | PA      | $1876371.06   | 0.36%             | 2023-05-05      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136B0E44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2434099 | PA      | $2374857.75   | 0.45%             | 2048-02-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding XXXVII Ltd                               | CUSIP: 55817EAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1466844.00   | 0.28%             | 2033-07-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137B6BC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67031 | PA      | $65806.86     | 0.01%             | 2043-11-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AJN44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1724204 | PA      | $1701717.09   | 0.33%             | 2044-05-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A                 | Rhode Island Student Loan Authority                           | CUSIP: 762315MG1<br>LEI: N/A                  | Long             | ABS-O            | MUN               | US        |    737018 | PA      | $736324.70    | 0.14%             | 2031-07-01      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                       | Svenska Handelsbanken/New York NY                             | CUSIP: 86959RYH7<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   1248000 | PA      | $1233914.83   | 0.24%             | 2023-03-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                         | Philip Morris International Inc                               | CUSIP: 718172CT4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3078000 | PA      | $3079818.27   | 0.59%             | 2024-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MIZUHO BK LTD/NY FRN 1/23                      | MIZUHO BK LTD/NY FRN 1/23                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999570.00   | 0.38%             | 2023-01-09      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                               | Great Wolf Trust 2019-WOLF                                    | CUSIP: 39152TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $3134641.54   | 0.60%             | 2036-12-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31395DPR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50003 | PA      | $49471.67     | 0.01%             | 2036-05-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                            | CUSIP: 05971KAM1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $195523.61    | 0.04%             | 2024-05-24      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31397KNW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112869 | PA      | $112684.84    | 0.02%             | 2037-09-15      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                       | Florida Power & Light Co                                      | CUSIP: 341081GH4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1238252.48   | 0.24%             | 2024-01-12      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner                  | Toyota Auto Receivables 2022-D Owner Trust                    | CUSIP: 89239HAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1825000 | PA      | $1843339.79   | 0.35%             | 2027-09-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137ACUN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     66942 | PA      | $66839.23     | 0.01%             | 2040-12-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137B35B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    760061 | PA      | $746288.35    | 0.14%             | 2043-06-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                         | NextEra Energy Capital Holdings Inc                           | CUSIP: 65339KBT6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1907145.08   | 0.36%             | 2023-02-22      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                         | Federal Home Loan Banks                                       | CUSIP: 3130ATPU5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    600000 | PA      | $599009.81    | 0.11%             | 2023-11-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| HEINEKEN NV                                    | Heineken NV                                                   | CUSIP: 423012AD5<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |    298000 | PA      | $295605.81    | 0.06%             | 2023-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137B5QC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     61964 | PA      | $61033.14     | 0.01%             | 2043-11-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                               | NTT Finance Corp                                              | CUSIP: 62954WAA3<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1007000 | PA      | $995306.09    | 0.19%             | 2023-03-03      | Fixed         | 0.37%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                 | Hyundai Auto Receivables Trust 2022-C                         | CUSIP: 44933DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3625000 | PA      | $3654852.60   | 0.70%             | 2027-06-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38381YXB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1851554 | PA      | $1815106.52   | 0.35%             | 2049-09-20      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Access To Loans For Learning S                 | Access to Loans for Learning Student Loan Corp                | CUSIP: 00434MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18718 | PA      | $18599.03     | 0.00%             | 2036-07-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                        | BPCE SA                                                       | CUSIP: 05578AAW8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1076314.05   | 0.21%             | 2025-01-14      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                        | Nationwide Building Society                                   | CUSIP: 63859UBE2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2985243.45   | 0.57%             | 2023-01-27      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                               | Fifth Third Bank NA                                           | CUSIP: 31677QBS7<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    418000 | PA      | $415950.99    | 0.08%             | 2023-01-30      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                            | CUSIP: 05971KAN9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1600000 | PA      | $1597513.78   | 0.31%             | 2024-05-24      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                           | BlueMountain CLO 2013-2 Ltd                                   | CUSIP: 09626YAN0<br>LEI: 549300KGXMRFX2DKIX03 | Long             | ABS-CBDO         | CORP              | KY        |    980386 | PA      | $967463.18    | 0.19%             | 2030-10-22      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                            | LCM XV LP                                                     | CUSIP: 50184NAR3<br>LEI: 549300HV40B88JRNJD93 | Long             | ABS-CBDO         | CORP              | KY        |   2215276 | PA      | $2177082.22   | 0.42%             | 2030-07-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2015-CCRE24 Mortgage Trust                               | CUSIP: 12593JBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    283299 | PA      | $272016.53    | 0.05%             | 2048-08-10      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                        | Dryden XXVI Senior Loan Fund                                  | CUSIP: 26250UAQ8<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |    225195 | PA      | $222063.77    | 0.04%             | 2029-04-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                        | Fidelity National Information Services Inc                    | CUSIP: 31620MBP0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    800000 | PA      | $790893.61    | 0.15%             | 2023-03-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                       | CUSIP: 06418BAD0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1396772.33   | 0.27%             | 2024-03-11      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                         | Credit Suisse AG/New York NY                                  | CUSIP: 22552G3C2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   2000000 | PA      | $1952724.32   | 0.37%             | 2023-03-17      | Fixed         | 0.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31396YCY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53875 | PA      | $53825.16     | 0.01%             | 2038-02-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31394KHG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    170425 | PA      | $171937.63    | 0.03%             | 2033-10-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                          | CUSIP: 78016EZY6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    819000 | PA      | $804556.48    | 0.15%             | 2024-10-07      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AQWE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    406334 | PA      | $396523.04    | 0.08%             | 2045-12-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31394ULL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8687822 | PA      | $8693766.58   | 1.66%             | 2035-07-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38374KKL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    380521 | PA      | $376934.78    | 0.07%             | 2035-01-16      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| PPL ELECTRIC UTI                               | PPL Electric Utilities Corp                                   | CUSIP: 69351UAY9<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |    620000 | PA      | $611608.87    | 0.12%             | 2024-06-24      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                         | Protective Life Global Funding                                | CUSIP: 74368CBD5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1996379.52   | 0.38%             | 2022-12-09      | Fixed         | 0.33%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note T                 | Discover Card Execution Note Trust                            | CUSIP: 254683CA1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1997934.80   | 0.38%             | 2026-12-15      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                        | Metropolitan Life Global Funding I                            | CUSIP: 59217GCT4<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    710000 | PA      | $699132.81    | 0.13%             | 2024-01-11      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| US TREASURY FRN                                | United States Treasury Floating Rate Note                     | CUSIP: 91282CDU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $699722.24    | 0.13%             | 2024-01-31      | Floating      | 4.32%                 | No            |                  1 | On Loan: No      |
| BXHPP Trust                                    | BXHPP Trust 2021-FILM                                         | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1850000 | PA      | $1739550.91   | 0.33%             | 2036-08-15      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137B2EA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1123432 | PA      | $1104773.15   | 0.21%             | 2043-05-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                    | KeyBank NA/Cleveland OH                                       | CUSIP: 49327M3A0<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1124000 | PA      | $1118710.83   | 0.21%             | 2024-01-03      | Fixed         | 0.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FKBB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1427948 | PA      | $1404731.75   | 0.27%             | 2048-12-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSU CD 10/6/23                      | SUMITOMO MITSU CD 10/6/23                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1991120.00   | 0.38%             | 2023-10-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                 | JP Morgan Chase Commercial Mortgage Securities Trust 2013-C10 | CUSIP: 46639JAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38942 | PA      | $38863.11     | 0.01%             | 2047-12-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                 | CARDS II Trust                                                | CUSIP: 14161GBY5<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   1125000 | PA      | $1058620.95   | 0.20%             | 2027-04-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust 2003-14                                | CUSIP: 78442GKN5<br>LEI: 5493001IJLRQI58G5Z31 | Long             | ABS-O            | CORP              | US        |     23316 | PA      | $23303.23     | 0.00%             | 2025-07-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FXFK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2530849 | PA      | $2455443.98   | 0.47%             | 2043-08-15      | Floating      | 3.52%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                  | UBS AG/London                                                 | CUSIP: 902674YL8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |    769000 | PA      | $761117.54    | 0.15%             | 2024-08-09      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                    | STWD Trust 2021-FLWR                                          | CUSIP: 78485GAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1290863.79   | 0.25%             | 2036-07-15      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31397GFX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    151355 | PA      | $149513.92    | 0.03%             | 2037-04-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                         | National Securities Clearing Corp                             | CUSIP: 637639AG0<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2556074.30   | 0.49%             | 2024-11-21      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Higher Education Funding                       | Higher Education Funding I                                    | CUSIP: 429827AY4<br>LEI: 635400EWI7RHQRLFJW85 | Long             | ABS-MBS          | CORP              | US        |    338016 | PA      | $337469.47    | 0.06%             | 2034-05-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137B3V70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2614175 | PA      | $2579360.50   | 0.49%             | 2043-08-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31394V5L0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    112908 | PA      | $111946.12    | 0.02%             | 2036-03-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Trysail CLO Ltd                                | Trysail CLO 2021-1 Ltd                                        | CUSIP: 89855AAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2921121.00   | 0.56%             | 2032-07-20      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| THUNDER CP                                     | RBCTB 0 2023-05-17                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1324000 | PA      | $1292846.28   | 0.25%             | 2023-05-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                       | Penske Truck Leasing Co Lp / PTL Finance Corp                 | CUSIP: 709599AN4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1387681.30   | 0.27%             | 2023-01-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                      | Nelnet Student Loan Trust                                     | CUSIP: 64033MAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168239 | PA      | $167189.17    | 0.03%             | 2039-11-27      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                               | CUSIP: 37045XDT0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2916663.21   | 0.56%             | 2025-04-07      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| South Carolina Student Loan Co                 | South Carolina Student Loan Corp                              | CUSIP: 83715RAE2<br>LEI: 549300PIO3ZMSROGFF38 | Long             | ABS-O            | CORP              | US        |     37648 | PA      | $37613.29     | 0.01%             | 2030-05-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AB4P5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79080 | PA      | $77452.97     | 0.01%             | 2043-02-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                            | Sherwin-Williams Co/The                                       | CUSIP: 824348BQ8<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   3107000 | PA      | $3059158.79   | 0.59%             | 2024-08-08      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                         | SLM Student Loan Trust 2004-10                                | CUSIP: 78442GNK8<br>LEI: 54930060UIG70QCSNY68 | Long             | ABS-O            | CORP              | US        |     91931 | PA      | $91485.67     | 0.02%             | 2029-10-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| US TREASURY FRN                                | United States Treasury Floating Rate Note                     | CUSIP: 91282CBY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3698000 | PA      | $3700367.27   | 0.71%             | 2023-04-30      | Floating      | 4.37%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31392EJM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210255 | PA      | $210431.38    | 0.04%             | 2032-08-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                               | Bank of Montreal                                              | CUSIP: 06368FAF6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2939131.47   | 0.56%             | 2025-01-10      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| ONE Park Mortgage Trust                        | ONE 2021-PARK Mortgage Trust                                  | CUSIP: 682413AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    908000 | PA      | $865241.16    | 0.17%             | 2036-03-15      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                            | CUSIP: 13607GKW3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1395000 | PA      | $1395271.69   | 0.27%             | 2023-03-17      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| ZAIS CLO 15 Ltd                                | Zais Clo 15 Ltd                                               | CUSIP: 98888DAN2<br>LEI: 549300BTYXZYFTGVBO58 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $977169.00    | 0.19%             | 2032-07-28      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                         | MACBNK 0 CP 08/01/2023                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1446780.00   | 0.28%             | 2023-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACCESS TO LOANS FOR LEARNING S                 | Access to Loans for Learning Student Loan Corp                | CUSIP: 00432MCU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    581693 | PA      | $583407.16    | 0.11%             | 2037-04-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                            | Macquarie Group Ltd                                           | CUSIP: 55608JAL2<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   1863000 | PA      | $1852665.75   | 0.35%             | 2024-03-27      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                   | Enbridge Inc                                                  | CUSIP: 29250NBM6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    344000 | PA      | $340639.43    | 0.07%             | 2024-02-16      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                 | Starbucks Corp                                                | CUSIP: 855244BB4<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    479000 | PA      | $475465.75    | 0.09%             | 2024-02-14      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                       | Thermo Fisher Scientific Inc                                  | CUSIP: 883556CN0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1068591.95   | 0.20%             | 2023-04-18      | Floating      | 3.82%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANK NY                        | Sumitomo Mitsui Banking Corp/New York                         | CUSIP: 86565FVG4<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | DBT              | CORP              | JP        |   1278000 | PA      | $1278465.03   | 0.24%             | 2023-10-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                           | Chase Issuance Trust                                          | CUSIP: 161571HP2<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $398097.33    | 0.08%             | 2025-01-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2019-2 Ltd                                           | CUSIP: 92917RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $685450.50    | 0.13%             | 2032-07-20      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                            | CUSIP: 05971KAK5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $967222.23    | 0.19%             | 2024-06-30      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398MRG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    355902 | PA      | $357966.95    | 0.07%             | 2036-06-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Hayfin Kingsland VIII Ltd                      | Hayfin US XII Ltd                                             | CUSIP: 42086PAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2943225.00   | 0.56%             | 2031-04-20      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136A76U1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    121245 | PA      | $119733.57    | 0.02%             | 2042-09-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31394VJV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    432743 | PA      | $431356.17    | 0.08%             | 2036-01-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| General Motors                                 | GMF Floorplan Owner Revolving Trust                           | CUSIP: 361886CM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $955700.60    | 0.18%             | 2025-10-15      | Fixed         | 0.69%                 | No            |                  2 | On Loan: No      |
| FOX CORP                                       | Fox Corp                                                      | CUSIP: 35137LAG0<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    705000 | PA      | $695199.56    | 0.13%             | 2024-01-25      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg                 | DBJPM 2016-C3 Mortgage Trust                                  | CUSIP: 23312VAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267898 | PA      | $255961.50    | 0.05%             | 2049-08-10      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                       | Equitable Financial Life Global Funding                       | CUSIP: 29449WAG2<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   1623000 | PA      | $1597459.25   | 0.31%             | 2023-04-06      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                               | Societe Generale SA                                           | CUSIP: 83368RAL6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1133000 | PA      | $1121473.88   | 0.21%             | 2023-09-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Educational Services of Americ                 | Edsouth Indenture No 2 LLC                                    | CUSIP: 281380AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58486 | PA      | $58459.19     | 0.01%             | 2040-09-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FUAH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    195117 | PA      | $191424.90    | 0.04%             | 2050-07-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2013-CCRE9 Mortgage Trust                                | CUSIP: 12625UBF9<br>LEI: 549300C72XVZH4MIKU63 | Long             | ABS-MBS          | CORP              | US        |    294832 | PA      | $292084.30    | 0.06%             | 2045-07-10      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398RNL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1969219 | PA      | $1969944.46   | 0.38%             | 2040-06-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA G&E CO                                | Oklahoma Gas and Electric Co                                  | CUSIP: 678858BW0<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |    522000 | PA      | $510520.31    | 0.10%             | 2023-05-26      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                 | Morgan Stanley Capital I Trust 2016-BNK2                      | CUSIP: 61690YBS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    563354 | PA      | $538935.98    | 0.10%             | 2049-11-15      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                             | Banco Santander SA                                            | CUSIP: 05964HAD7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $800644.90    | 0.15%             | 2023-02-23      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                      | Nelnet Student Loan Trust 2016-1                              | CUSIP: 64033UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    401654 | PA      | $399591.74    | 0.08%             | 2065-09-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                       | Baxter International Inc                                      | CUSIP: 071813DB2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1319551.68   | 0.25%             | 2024-11-29      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                        | American Electric Power Co Inc                                | CUSIP: 025537AS0<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    625000 | PA      | $621930.86    | 0.12%             | 2023-11-01      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                         | CenterPoint Energy Inc                                        | CUSIP: 15189TAZ0<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   2131000 | PA      | $2098340.21   | 0.40%             | 2024-05-13      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                     | Navient Student Loan Trust 2016-6                             | CUSIP: 63940LAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122145 | PA      | $122103.01    | 0.02%             | 2066-03-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                         | Protective Life Global Funding                                | CUSIP: 74368CBM5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   1691000 | PA      | $1675309.53   | 0.32%             | 2025-03-28      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                     | Atlas Senior Loan Fund III Ltd                                | CUSIP: 04941GAL2<br>LEI: 635400UCHZNUTGTBTH21 | Long             | ABS-CBDO         | CORP              | KY        |     80720 | PA      | $79713.39     | 0.02%             | 2027-11-17      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                              | CUSIP: 95000U2C6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    941000 | PA      | $928280.17    | 0.18%             | 2024-01-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Brazos Higher Education Author                 | Brazos Higher Education Authority Inc                         | CUSIP: 10620NCG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175949 | PA      | $175468.01    | 0.03%             | 2030-02-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                 | JPMBB Commercial Mortgage Securities Trust 2013-C12           | CUSIP: 46639NAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2529000 | PA      | $2494050.99   | 0.48%             | 2045-07-15      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                               | Flatiron CLO 19 Ltd                                           | CUSIP: 33883JAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $972855.00    | 0.19%             | 2034-11-16      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group Inc                                        | CUSIP: 91324PEM0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1109000 | PA      | $1117940.98   | 0.21%             | 2024-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac Non Gold Pool                                     | CUSIP: 31288QJT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3914084 | PA      | $3936679.11   | 0.75%             | 2043-10-01      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FNVK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1673364 | PA      | $1637128.80   | 0.31%             | 2038-03-15      | Floating      | 3.21%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                        | Kinder Morgan Energy Partners LP                              | CUSIP: 494550BM7<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    649000 | PA      | $646618.40    | 0.12%             | 2023-02-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31394AGS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119745 | PA      | $119666.00    | 0.02%             | 2034-07-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C24   | CUSIP: 61765LAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2187334 | PA      | $2072617.03   | 0.40%             | 2048-05-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398PU56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    238071 | PA      | $240849.90    | 0.05%             | 2036-03-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae Pool                                               | CUSIP: 31418CXP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    918064 | PA      | $907597.01    | 0.17%             | 2048-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137ARHL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    776796 | PA      | $768218.59    | 0.15%             | 2042-06-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp                                          | CUSIP: 06051GHC6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1622000 | PA      | $1620061.89   | 0.31%             | 2023-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp                                    | CUSIP: 14040HCL7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   5409000 | PA      | $5278809.05   | 1.01%             | 2024-12-06      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                       | Pioneer Natural Resources Co                                  | CUSIP: 723787AU1<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   1436000 | PA      | $1407807.33   | 0.27%             | 2023-05-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                       | MassMutual Global Funding II                                  | CUSIP: 57629WDC1<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    986000 | PA      | $976673.05    | 0.19%             | 2024-04-12      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | GS Mortgage Securities Trust 2014-GC18                        | CUSIP: 36252RAM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4376708.10   | 0.84%             | 2047-01-10      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                       | Sumitomo Mitsui Trust Bank Ltd                                | CUSIP: 86563VAX7<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1854000 | PA      | $1838653.09   | 0.35%             | 2024-09-16      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| RBCDAC 0 07/14/2023                            | RBCDAC 0 07/14/2023                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    722000 | PA      | $698867.12    | 0.13%             | 2023-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp                                              | CUSIP: 26441CBK0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    850000 | PA      | $845739.72    | 0.16%             | 2023-06-10      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                         | Federal Home Loan Banks                                       | CUSIP: 3130ATPB7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1460000 | PA      | $1457699.13   | 0.28%             | 2023-11-14      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications Inc                                    | CUSIP: 92343VGD0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2116000 | PA      | $2100277.46   | 0.40%             | 2024-03-22      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                               | Hewlett Packard Enterprise Co                                 | CUSIP: 42824CBE8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990653.68    | 0.19%             | 2023-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TCW Gem Ltd                                    | TCW CLO 2019-2 Ltd                                            | CUSIP: 87242BAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3402042.00   | 0.65%             | 2032-10-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                              | NatWest Group PLC                                             | CUSIP: 780097BD2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $321377.73    | 0.06%             | 2023-09-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MUFG UNION BANK NA                             | MUFG Union Bank NA                                            | CUSIP: 90520EAK7<br>LEI: OX3PU53ZLPQKJ4700D47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499704.25    | 0.10%             | 2022-12-09      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                | CUSIP: 61772BAA1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2049000 | PA      | $2008321.90   | 0.38%             | 2024-04-05      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                  | UBS AG/London                                                 | CUSIP: 902674YC8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |    702000 | PA      | $696903.48    | 0.13%             | 2024-02-09      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                 | Wells Fargo Commercial Mortgage Trust 2013-LC12               | CUSIP: 94988QAG6<br>LEI: 549300V2DF3KW9L1CV04 | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $691066.81    | 0.13%             | 2046-07-15      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 31398KRF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1292002 | PA      | $1300447.40   | 0.25%             | 2036-02-15      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                       | Huntington National Bank/The                                  | CUSIP: 44644MAE1<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1593168.21   | 0.30%             | 2025-05-16      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398N7L2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56284 | PA      | $56314.77     | 0.01%             | 2040-11-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31398NQH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    181977 | PA      | $180712.90    | 0.03%             | 2040-10-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| EFS Volunteer LLC                              | EFS Volunteer LLC                                             | CUSIP: 26844VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    408650 | PA      | $408285.54    | 0.08%             | 2035-10-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO 3, Ltd.                        | HalseyPoint CLO 3 Ltd                                         | CUSIP: 40638UAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $490634.50    | 0.09%             | 2032-11-30      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                            | Intesa Sanpaolo SpA                                           | CUSIP: 46115HBC0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    500000 | PA      | $498612.82    | 0.10%             | 2023-01-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                          | CUSIP: 78016EYR2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1960542.82   | 0.38%             | 2025-01-21      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| TORONTO DOM CD 18JUL22                         | TORONTO DOM CD 18JUL22                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    814000 | PA      | $807243.80    | 0.15%             | 2023-07-18      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                 | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2 | CUSIP: 46590MAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    485856 | PA      | $464688.39    | 0.09%             | 2049-08-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX 2021-MFM1                                                  | CUSIP: 05608VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $97273.43     | 0.02%             | 2034-01-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137BWWX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1922306 | PA      | $1903685.46   | 0.36%             | 2042-12-15      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Educational Funding of the Sou                 | Educational Funding of the South Inc                          | CUSIP: 28148WAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    571442 | PA      | $565959.81    | 0.11%             | 2035-04-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                       | Caterpillar Financial Services Corp                           | CUSIP: 14913R2Y2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1994000 | PA      | $2000493.46   | 0.38%             | 2025-01-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                            | Fifth Third Bancorp                                           | CUSIP: 316773CZ1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985510.00    | 0.19%             | 2023-05-05      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                              | Eversource Energy                                             | CUSIP: 30040WAS7<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $988450.84    | 0.19%             | 2024-06-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137FMNT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1190612 | PA      | $1175053.95   | 0.22%             | 2049-07-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                            | LCM XX LP                                                     | CUSIP: 50188WAE8<br>LEI: 549300VQTTD2PAP2Y421 | Long             | ABS-CBDO         | CORP              | KY        |    567772 | PA      | $563098.35    | 0.11%             | 2027-10-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                      | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14   | CUSIP: 61690GAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2308223 | PA      | $2242865.37   | 0.43%             | 2047-02-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                 | JP Morgan Chase Commercial Mortgage Securities Trust 2013-C13 | CUSIP: 46640JAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    582436 | PA      | $578493.04    | 0.11%             | 2046-01-15      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae Pool                                               | CUSIP: 3140JBBR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11042966 | PA      | $11150286.31  | 2.13%             | 2041-02-01      | Floating      | 2.74%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38375LPU8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    121427 | PA      | $120843.42    | 0.02%             | 2037-10-20      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136A45W5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    162969 | PA      | $162351.24    | 0.03%             | 2035-12-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                             | Pacific Life Global Funding II                                | CUSIP: 6944PL2K4<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    750000 | PA      | $732711.53    | 0.14%             | 2025-01-27      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2013-CCRE7 Mortgage Trust                                | CUSIP: 12625FAE6<br>LEI: 549300FVY7JUBJ0PIH53 | Long             | ABS-MBS          | CORP              | US        |    360332 | PA      | $359293.97    | 0.07%             | 2046-03-10      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136B1HD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    960607 | PA      | $937002.44    | 0.18%             | 2048-03-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                       | Thermo Fisher Scientific Inc                                  | CUSIP: 883556CP5<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4438503.57   | 0.85%             | 2023-10-18      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38381VXC9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2058064 | PA      | $2036006.30   | 0.39%             | 2049-05-20      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                         | ConocoPhillips Co                                             | CUSIP: 20826FAT3<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   2206000 | PA      | $2130865.56   | 0.41%             | 2024-03-08      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38375KCD2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2519603 | PA      | $2478414.80   | 0.47%             | 2037-05-20      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| NORTHSTAR EDUCATION FINANCE, I                 | Northstar Education Finance Inc                               | CUSIP: 66705EAA6<br>LEI: 25490059JOHYRUHEXW19 | Long             | ABS-MBS          | CORP              | US        |     70298 | PA      | $69788.12     | 0.01%             | 2031-12-26      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELEC PWR 02/23                        | AMERICAN ELEC PWR 02/23                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2577960.10   | 0.49%             | 2023-02-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup Inc                                                 | CUSIP: 172967MR9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1676000 | PA      | $1647072.24   | 0.32%             | 2024-05-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                        | MPLX LP                                                       | CUSIP: 55336VAE0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    704000 | PA      | $699608.29    | 0.13%             | 2023-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                               | Ryder System Inc                                              | CUSIP: 78355HKH1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991437.31    | 0.19%             | 2023-06-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK CORP MKTS/NY                       | Lloyds Bank Corporate Markets PLC/New York NY                 | CUSIP: 53947BF70<br>LEI: 213800MBWEIJDM5CU638 | Long             | DBT              | CORP              | GB        |   1395000 | PA      | $1385105.67   | 0.26%             | 2024-01-31      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                 | Hyundai Auto Receivables Trust 2020-C                         | CUSIP: 44891RAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3695197.60   | 0.71%             | 2026-11-16      | Fixed         | 0.49%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 4 Ltd                                         | CUSIP: 09077CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2907684.00   | 0.56%             | 2034-04-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| CIESCO-CP 4.82 4/7/99                          | CIESCO LLC 02/07/2023                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2155000 | PA      | $2136617.85   | 0.41%             | 2023-02-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                     | AbbVie Inc                                                    | CUSIP: 00287YBC2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1978119.52   | 0.38%             | 2023-11-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                 | Government National Mortgage Association                      | CUSIP: 38378VQF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1669527 | PA      | $1641168.52   | 0.31%             | 2043-07-20      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                           | CUSIP: 46647PDD5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986964.71    | 0.19%             | 2025-06-14      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG/New York NY                                  | CUSIP: 251526CM9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    298000 | PA      | $285808.82    | 0.05%             | 2023-11-08      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                          | Athene Global Funding                                         | CUSIP: 04685A2T7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    624000 | PA      | $618016.13    | 0.12%             | 2024-01-08      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac REMICS                                            | CUSIP: 3137AT6Q0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    185755 | PA      | $184453.64    | 0.04%             | 2041-11-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136B5TK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1177432 | PA      | $1156600.77   | 0.22%             | 2049-08-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                           | CUSIP: 46647PAP1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1627000 | PA      | $1615187.80   | 0.31%             | 2024-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| SPIRE INC 0% CP 12/2/22                        | SPIRE INC 0% CP 12/2/22                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1368000 | PA      | $1367685.36   | 0.26%             | 2022-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                            | SOUND POINT CLO XXII LTD                                      | CUSIP: 83611KAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $585214.80    | 0.11%             | 2032-01-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Marathon CLO LTD                               | Marathon CLO XIII Ltd                                         | CUSIP: 56579AAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2150409.80   | 0.41%             | 2032-04-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                               | CUSIP: 37045XBK1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297925.22    | 0.06%             | 2023-05-09      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                            | CUSIP: 13607HR38<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2433000 | PA      | $2402631.44   | 0.46%             | 2025-04-07      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                          | Texas Instruments Inc                                         | CUSIP: 882508BR4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   2572000 | PA      | $2575120.63   | 0.49%             | 2024-11-18      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DANONE SA                                      | Danone SA                                                     | CUSIP: 23636TAD2<br>LEI: 969500KMUQ2B6CBAF162 | Long             | DBT              | CORP              | FR        |   3000000 | PA      | $2932314.42   | 0.56%             | 2023-11-02      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31394FV51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    444486 | PA      | $441732.36    | 0.08%             | 2035-10-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136ACLU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    602397 | PA      | $598198.15    | 0.11%             | 2041-09-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                       | CUSIP: 0641593W4<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    425000 | PA      | $420842.06    | 0.08%             | 2024-04-15      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| Tralee CLO Ltd                                 | Tralee CLO II Ltd                                             | CUSIP: 89289UAQ1<br>LEI: 549300KVMYUNBMVPNK19 | Long             | ABS-CBDO         | CORP              | KY        |    313923 | PA      | $309616.07    | 0.06%             | 2029-07-20      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                             | BMW US Capital LLC                                            | CUSIP: 05565EBN4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    710000 | PA      | $704675.84    | 0.13%             | 2024-04-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                            | COMM 2013-CCRE12 Mortgage Trust                               | CUSIP: 12591KAE5<br>LEI: 549300MGZ5FI5VFL1177 | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $781956.16    | 0.15%             | 2046-10-10      | Fixed         | 4.05%                 | 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        |  17876146 | NS      | $17876146.00  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AJXT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    838245 | PA      | $831600.34    | 0.16%             | 2044-04-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                 | Carlyle US Clo 2017-2 Ltd                                     | CUSIP: 14315JAQ2<br>LEI: 549300VC6J79YJCFU884 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1964232.00   | 0.38%             | 2031-07-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                              | Atmos Energy Corp                                             | CUSIP: 049560AU9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    423000 | PA      | $418392.11    | 0.08%             | 2023-03-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                             | Macquarie Bank Ltd                                            | CUSIP: 55608PBG8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    818000 | PA      | $816544.24    | 0.16%             | 2022-12-16      | Fixed         | 0.44%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                         | Credit Suisse AG/New York NY                                  | CUSIP: 22550UAF8<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   3000000 | PA      | $2780123.16   | 0.53%             | 2025-02-21      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31394AGW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    279867 | PA      | $279459.40    | 0.05%             | 2034-07-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| AMERISOURCEBERGEN CORP                         | AmerisourceBergen Corp                                        | CUSIP: 03073EAS4<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    831000 | PA      | $820621.18    | 0.16%             | 2023-03-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| BSPDF 2021-FL1 Issuer Ltd                      | BSPDF 2021-FL1 Issuer Ltd                                     | CUSIP: 055731AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1099156.20   | 0.21%             | 2036-10-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                       | CUSIP: 06417XAL5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1620000 | PA      | $1618509.60   | 0.31%             | 2024-12-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co                                           | CUSIP: 46647PBZ8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1882209.75   | 0.36%             | 2024-03-16      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31396VMF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64126 | PA      | $63234.64     | 0.01%             | 2037-04-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia/The                                       | CUSIP: 064159YN0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2067000 | PA      | $2061385.12   | 0.39%             | 2023-09-15      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                         | Mizuho Financial Group Inc                                    | CUSIP: 60687YBJ7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   1259000 | PA      | $1209106.84   | 0.23%             | 2024-09-08      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| SIEMENS FINANCIERINGSMAT                       | Siemens Financieringsmaatschappij NV                          | CUSIP: 82620KBB8<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    620000 | PA      | $615683.05    | 0.12%             | 2024-03-11      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Freddie Mac Non Gold Pool                                     | CUSIP: 31288QJY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    726324 | PA      | $727132.90    | 0.14%             | 2044-10-01      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136A0ZP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    147920 | PA      | $146553.26    | 0.03%             | 2041-09-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                             | CUSIP: 404280CZ0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1713000 | PA      | $1669782.11   | 0.32%             | 2024-11-22      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| MITSU3 0 2023-01-06                            | MITSU3 0 2023-01-06                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1291000 | PA      | $1285668.17   | 0.25%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                         | General Motors Financial Co Inc                               | CUSIP: 37045XCZ7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1914000 | PA      | $1862294.76   | 0.36%             | 2023-08-18      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                           | Westpac Banking Corp                                          | CUSIP: 961214EV1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1186000 | PA      | $1170642.26   | 0.22%             | 2024-11-18      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                         | Federation des Caisses Desjardins du Quebec                   | CUSIP: 31429KAF0<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   1895000 | PA      | $1870520.09   | 0.36%             | 2024-05-21      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                        | National Australia Bank Ltd                                   | CUSIP: 6325C0EA5<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   2300000 | PA      | $2270839.15   | 0.43%             | 2025-01-12      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                         | Protective Life Global Funding                                | CUSIP: 74368CBB9<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    626000 | PA      | $615357.41    | 0.12%             | 2023-04-12      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                       | Principal Life Global Funding II                              | CUSIP: 74256LEM7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    353000 | PA      | $350769.84    | 0.07%             | 2024-04-12      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| PERKINELMER INC                                | PerkinElmer Inc                                               | CUSIP: 714046AK5<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1450980.48   | 0.28%             | 2023-09-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 31396WPE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    188229 | PA      | $185813.20    | 0.04%             | 2037-07-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                          | Wells Fargo & Co                                              | CUSIP: 95000U2R3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2945940.00   | 0.56%             | 2024-06-02      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                       | Citigroup Global Markets Inc                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | DBT              | CORP              | US        |   1093000 | PA      | $1091371.43   | 0.21%             | 2023-09-21      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE HLDG LLC                         | GE Healthcare Holding LLC                                     | CUSIP: 36267VAA1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   3067000 | PA      | $3081102.00   | 0.59%             | 2024-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Regatta XII Funding Ltd.                       | Regata XII Funding LTD                                        | CUSIP: 75888HAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1947270.00   | 0.37%             | 2032-10-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                    | Ally Auto Receivables Trust 2022-1                            | CUSIP: 02008JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3170000 | PA      | $3067105.60   | 0.59%             | 2026-11-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                         | CenterPoint Energy Resources Corp                             | CUSIP: 15189WAN0<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    479000 | PA      | $478580.49    | 0.09%             | 2023-03-02      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                                   | CUSIP: 912796P94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3035000 | PA      | $3034754.47   | 0.58%             | 2022-12-01      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK                            | First Republic Bank/CA                                        | CUSIP: 33616CHQ6<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | DBT              | CORP              | US        |   1182000 | PA      | $1167964.87   | 0.22%             | 2024-02-12      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A                 | Rhode Island Student Loan Authority                           | CUSIP: 762315NR6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103187 | PA      | $102726.55    | 0.02%             | 2028-10-02      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| CREDIT INDUST ET COMM NY                       | Credit Industriel et Commercial/New York                      | CUSIP: 22536U6V7<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | DBT              | CORP              | US        |   2084000 | PA      | $2085956.44   | 0.40%             | 2023-05-30      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                             | Mizuho Bank Ltd/New York NY                                   | CUSIP: 60710RRY3<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | DBT              | CORP              | JP        |   2500000 | PA      | $2500464.30   | 0.48%             | 2023-01-17      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AKTA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    372040 | PA      | $368383.28    | 0.07%             | 2044-08-25      | Floating      | 3.33%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                        | Cooperatieve Rabobank UA/NY                                   | CUSIP: 21688AAL6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1385000 | PA      | $1382720.15   | 0.26%             | 2023-01-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136B3P79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1929842 | PA      | $1905980.37   | 0.36%             | 2049-03-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| TCW CLO 2019-1 AMR, LTD.                       | TCW CLO 2019-1 AMR Ltd                                        | CUSIP: 87241EAQ8<br>LEI: 549300RWQDI4UTTLDE63 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1044974.70   | 0.20%             | 2034-08-16      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                        | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc       | CUSIP: 05724BAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    373000 | PA      | $359593.02    | 0.07%             | 2023-12-15      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Fannie Mae REMICS                                             | CUSIP: 3136AHC40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99577 | PA      | $98327.92     | 0.02%             | 2044-01-25      | Floating      | 4.47%                 | 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