# EDGAR Filing Document

**Accession Number:** 0001796242
**File Stem:** 0000940400-26-007868
**Filing Date:** 2026-2
**Character Count:** 49840
**Document Hash:** cb081aa3124344f588196be4570e02fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007868.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007868

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs Real Estate Diversified Income Fund
- **CENTRAL INDEX KEY:** 0001796242

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23499
- **FILM NUMBER:** 26676886

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

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

## Nport-Ex

GOLDMAN

SACHS

REAL

ESTATE

DIVERSIFIED

INCOME

FUND

Consolidated

Schedule

of

Investments

December

31,

2025

(Unaudited)

#### Description

#### Value
aa

#### Private

#### Real

#### Estate

#### Investment

#### Trusts

#### &

#### Private

#### Investment

#### Funds

#### –

#### 68.1%
(a) a

Ares

Industrial

Real

Estate

Fund,

LP

$

18,739,478

Ares

US

Real

Estate

Fund

IX,

LP

3,942,067

Bain

Capital

Real

Estate

Fund

I-B,

LP

7,501,095

Brookfield

Premier

Real

Estate

Partners,

LP

1,283,232

Brookfield

Real

Estate

Finance

Fund

V,

LP

2,799,835

Clarion

Partners

Debt

Investment

Fund,

LP

1,918,174

Clarion

Ventures

4,

LP

2,477,314

Greystar

Student

Housing

Growth

and

Income

Fund

19,770,389

Harrison

Street

Core

Property

Fund,

LP

9,461,620

Heitman

Core

Real

Estate

Debt

Income

Trust,

LP

2,400,814

Manulife

U.S.

Real

Estate

Fund

LP

8,816,601

Nuveen

U.S.

Core-Plus

Real

Estate

Debt

Fund,

LP

5,398,545

Oaktree

Real

Estate

Income

Fund

LP

37,264,120

Prologis

Targeted

U.S.

Logistics

Holdings

II,

LP

9,361,436

RealTerm

Logistics

Income

Fund

22,402,646

Sculptor

Real

Estate

Credit

Fund,

LP

10,286

Sentinel

Real

Estate

Fund

6,452,818

The

Trumbull

Property

Fund,

LP

3,490,220

Wheelock

Street

Real

Estate

Long

Term

Value

Fund

22,541,285

#### TOTAL

#### PRIVATE

#### REAL

#### ESTATE

#### INVESTMENT

#### TRUSTS

#### &

#### PRIVATE

#### INVESTMENT

#### FUNDS

#### (Cost

#### $211,196,882)
186,031,975

#### Shares

#### Common

#### Stocks

#### –

#### 25.4%

#### Hotel

#### &

#### Resort

#### REITs

#### –

#### 1.1%
31,499

Ryman

Hospitality

Properties,

Inc.

REIT

2,980,435

#### Industrial

#### REITs

#### –

#### 3.0%
197,784

Americold

Realty

Trust,

Inc.

REIT

2,543,502

45,770

Prologis,

Inc.

REIT

5,842,998

8,386,500

#### Mortgage

#### Real

#### Estate

#### Investment

#### Trusts
(REITs)

#### –

#### 1.0%
253,618

Ladder

Capital

Corp.

REIT

2,787,262

#### Residential

#### REITs

#### –

#### 7.3%
174,331

American

Homes

Rent,

Class

A

REIT

5,596,025

30,910

AvalonBay

Communities,

Inc.

REIT

5,604,292

78,133

Equity

LifeStyle

Properties,

Inc.

REIT

4,735,641

134,399

Invitation

Homes,

Inc.

REIT

3,734,948

19,670,906

#### Retail

#### REITs

#### –

#### 1.9%
27,824

Simon

Property

Group,

Inc.

REIT

5,150,501

#### Specialized

#### REITs

#### –

#### 11.1%
25,331

American

Tower

Corp.

REIT

4,447,364

27,152

Digital

Realty

Trust,

Inc.

REIT

4,200,686

9,274

Equinix,

Inc.

REIT

7,105,368

27,689

Extra

Space

Storage,

Inc.

REIT

3,605,662

#### Shares

#### Description

#### Value

#### Common

#### Stocks

#### –
(continued)

#### Specialized

#### REITs

#### –
(continued)

9,049

Public

Storage

REIT

$

2,348,216

23,005

SBA

Communications

Corp.

REIT

4,449,857

156,754

VICI

Properties,

Inc.

REIT

4,407,922

30,565,075

#### TOTAL

#### COMMON

#### STOCKS

#### (Cost

#### $72,044,880)
69,540,679

#### Shares

#### Description

#### Dividend

#### Rate

#### Value
aa

#### Preferred

#### Stocks

#### –

#### 2.0%

#### Hotel

#### &

#### Resort

#### REITs

#### –

#### 0.6%
88,458

Pebblebrook

Hotel

Trust,

Series

E

6.38 %

1,687,779

#### Mortgage

#### Real

#### Estate

#### Investment

#### Trusts
(REITs)

#### –

#### 1.4%
77,545

MFA

Financial,

Inc.,

Series

C

9.61 %

1,769,577

71,214

PennyMac

Mortgage

Investment

Trust,

Series

B

8.00 1,683,499

15,075

Two

Harbors

Investment

Corp.,

Series

A

8.13 362,704

3,815,780

#### TOTAL

#### PREFERRED

#### STOCKS

#### (Cost

#### $5,856,041)
5,503,559

#### Shares

#### Dividend

#### Rate

#### Value
aa

#### Investment

#### Company

#### –

#### 3.3%
(b) Goldman

Sachs

Financial

Square

Government

Fund

-

Institutional

Shares

8,913,138

3.686%

8,913,138

(Cost

$8,913,138)

#### TOTAL

#### INVESTMENTS

#### –

#### 98.8%

#### (Cost

#### $298,010,941)
$

269,989,351

#### OTHER

#### ASSETS

#### IN

#### EXCESS

#### OF

#### LIABILITIES

#### –

#### 1.2%
3,382,267

#### NET

#### ASSETS

#### –

#### 100.0%
$

273,371,618

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

The

percentage

shown

for

each

investment

category

reflects

the

value

of

investments

in

that

category

as

a

percentage

of

net

assets.

GOLDMAN

SACHS

REAL

ESTATE

DIVERSIFIED

INCOME

FUND

Consolidated

Schedule

of

Investments

(continued)

December

31,

2025

(Unaudited)

Security

Date(s)

of

Purchase

Cost

Ares

Industrial

Real

Estate

Fund,

LP

12/21/22-01/19/23

$

19,403,487

Ares

US

Real

Estate

Fund

IX,

LP

09/19/19-09/12/24

4,592,337

Bain

Capital

Real

Estate

Fund

I-B,

LP

12/18/19-07/21/25

6,222,446

Brookfield

Premier

Real

Estate

Partners,

LP

10/01/19-12/20/21

1,432,283

Brookfield

Real

Estate

Finance

Fund

V,

LP

10/03/19-09/19/25

7,839,354

Clarion

Partners

Debt

Investment

Fund,

LP

02/14/17-08/01/22

1,198,890

Clarion

Ventures

4,

LP

07/01/16-07/10/19

6,923,743

Greystar

Student

Housing

Growth

and

Income

Fund

01/04/22-10/24/23

20,921,737

Harrison

Street

Core

Property

Fund,

LP

09/15/21-10/26/23

11,052,544

Heitman

Core

Real

Estate

Debt

Income

Trust,

LP

07/27/17-01/26/23

3,422,278

Manulife

U.S.

Real

Estate

Fund

LP

04/08/22-01/24/25

13,129,786

Nuveen

U.S.

Core-Plus

Real

Estate

Debt

Fund,

LP

10/01/19-10/31/23

7,706,850

Oaktree

Real

Estate

Income

Fund

LP

10/07/21-12/27/23

41,194,702

Prologis

Targeted

U.S.

Logistics

Holdings

II,

LP

01/03/20-06/20/23

7,938,955

RealTerm

Logistics

Income

Fund

04/18/22-11/06/23

25,532,304

Sculptor

Real

Estate

Credit

Fund,

LP

01/21/20-08/25/25

868,930

Sentinel

Real

Estate

Fund

05/04/22-01/16/24

7,471,340

The

Trumbull

Property

Fund,

LP

01/04/16-10/01/18

4,247,083

Wheelock

Street

Real

Estate

Long

Term

Value

Fund

04/23/24-09/10/24

20,097,833

Total

$211,196,882

(a) Restricted

securities

are

not

registered

under

the

Securities

Act

of

1933

and

are

subject

to

legal

restrictions

on

sale.

These

securities

generally

may

be

resold

in

transactions

exempt

from

registration

or

to

the

public

if

the

securities

are

subsequently

registered

and

the

registration

statement

is

effective.

Disposal

of

these

securities

may

involve

time

consuming

negotiations

and

prompt

sale

at

an

acceptable

price

may

be

difficult.

Total

market

value

of

restricted

securities

amounts

to

$186,031,975,

which

represents

approximately

68.1%

of

net

assets

as

of

December

31,

2025. See

additional

details

below:

(b) Represents

an

affiliated

issuer.

Investment

Abbreviations:

LP

—

Limited

Partnership

REIT

—

Real

Estate

Investment

Trust

GOLDMAN

SACHS

REAL

ESTATE

DIVERSIFIED

INCOME

FUND

Consolidated

Schedule

of

Investments

(continued)

December

31,

2025

(Unaudited)

#### ADDITIONAL

#### INVESTMENT

#### INFORMATION
Additional

information

on

investments

in

Private

Real

Estate

Investment

Trusts

&

Private

Investment

Funds:

#### Security

#### Value

#### Redemption

#### Frequency

#### Redemption

#### Notice
(Days)

#### Unfunded

#### Commitments

#### as

#### of

#### December

#### 31,

#### 2025
Ares

Industrial

Real

Estate

Fund,

LP

$

18,739,478

Quarterly

$

–

Ares

US

Real

Estate

Fund

IX,

LP

3,942,067

N/R

N/R

846,045

Bain

Capital

Real

Estate

Fund

I-B,

LP

7,501,095

N/R

N/R

2,063,827

Brookfield

Premier

Real

Estate

Partners,

LP

1,283,232

Quarterly

–

Brookfield

Real

Estate

Finance

Fund

V,

LP

2,799,835

N/R

N/R

7,799,045

Clarion

Partners

Debt

Investment

Fund,

LP

1,918,174

N/R

N/R

4,652,799

Clarion

Ventures

4,

LP

2,477,314

N/R

N/R

963,242

Greystar

Student

Housing

Growth

and

Income

Fund

19,770,389

Quarterly

–

Harrison

Street

Core

Property

Fund,

LP

9,461,620

Quarterly

–

Heitman

Core

Real

Estate

Debt

Income

Trust,

LP

2,400,814

Quarterly

–

Manulife

U.S.

Real

Estate

Fund

LP

8,816,601

Quarterly

–

Nuveen

U.S.

Core-Plus

Real

Estate

Debt

Fund,

LP

5,398,545

Quarterly

–

Oaktree

Real

Estate

Income

Fund

LP

37,264,120

N/R

N/R

–

Prologis

Targeted

U.S.

Logistics

Holdings

II,

LP

9,361,436

Quarterly

–

RealTerm

Logistics

Income

Fund

22,402,646

Quarterly

–

Sculptor

Real

Estate

Credit

Fund,

LP

10,286

N/R

N/R

–

Sentinel

Real

Estate

Fund

6,452,818

Quarterly

–

The

Trumbull

Property

Fund,

LP

3,490,220

Quarterly

–

Wheelock

Street

Real

Estate

Long

Term

Value

Fund

22,541,285

Annually

5,164,011

N/R

-

Not

Redeemable

Goldman

Sachs

Real

Estate

Diversified

Income

Fund

Consolidated

Schedule

of

Investments

December

31,

2025

(Unaudited)

#### CONSOLIDATED

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
Investment

Valuation

—

The

Funds'

valuation

policy

is

to

value

investments

at

fair

value.

Investments

and

Fair

Value

Measurements

—

U.S.

GAAP

defines

the

fair

value

of

a

financial

instrument

as

the

amount

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(i.e.,

the

exit

price);

the

Fund's

policy

is

to

use

the

market

approach.

GAAP

establishes

a

fair

value

hierarchy

that

prioritizes

the

inputs

to

valuation

techniques

used

to

measure

fair

value.

The

hierarchy

gives

the

highest

priority

to

unadjusted

quoted

prices

in

active

markets

for

identical

assets

or

liabilities

(Level

measurements)

and

the

lowest

priority

to

unobservable

inputs

(Level

measurements).

The

level

in

the

fair

value

hierarchy

within

which

the

fair

value

measurement

in

its

entirety

falls

shall

be

determined

based

on

the

lowest

level

input

that

is

significant

to

the

fair

value

measurement

in

its

entirety.

The

levels

used

for

classifying

investments

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

these

investments.

The

three

levels

of

the

fair

value

hierarchy

are

described

below:

Level

—

Unadjusted

quoted

prices

in

active

markets

that

are

accessible

at

the

measurement

date

for

identical,

unrestricted

assets

or

liabilities;

Level

—

Quoted

prices

in

markets

that

are

not

active

or

financial

instruments

for

which

significant

inputs

are

observable

(including,

but

not

limited

to,

quoted

prices

for

similar

investments,

interest

rates,

foreign

exchange

rates,

volatility

and

credit

spreads),

either

directly

or

indirectly;

Level

—

Prices

or

valuations

that

require

significant

unobservable

inputs

(including

GSAM's

assumptions

in

determining

fair

value

measurement).

The

Board

of

Trustees

("Trustees")

has

approved

Valuation

Procedures

that

govern

the

valuation

of

the

portfolio

investments

held

by

the

Fund,

including

investments

for

which

market

quotations

are

not

readily

available.

With

respect

to

the

Fund's

investments

that

do

not

have

readily

available

market

quotations,

the

Trustees

have

designated

GSAM

as

the

valuation

designee

to

perform

fair

valuations

pursuant

to

Rule

2a-5

under

the

Investment

Company

Act

of

1940

(the

"Valuation

Designee").

GSAM

has

day-to-day

responsibility

for

implementing

and

maintaining

internal

controls

and

procedures

related

to

the

valuation

of

the

Fund's

investments.

To

assess

the

continuing

appropriateness

of

pricing

sources

and

methodologies,

GSAM

regularly

performs

price

verification

procedures

and

issues

challenges

as

necessary

to

third

party

pricing

vendors

or

brokers,

and

any

differences

are

reviewed

in

accordance

with

the

Valuation

Procedures.

A. Level

and

Level

Fair

Value

Investments

—

The

valuation

techniques

and

significant

inputs

used

in

determining

the

fair

values

for

investments

classified

as

Level

and

Level

are

as

follows:

Equity

Securities

—

Equity

securities

traded

on

a

United

States

("U.S.")

securities

exchange

or

the

NASDAQ

system,

or

those

located

on

certain

foreign

exchanges,

including

but

not

limited

to

the

Americas,

are

valued

daily

at

their

last

sale

price

or

official

closing

price

on

the

principal

exchange

or

system

on

which

they

are

traded.

If

there

is

no

sale

or

official

closing

price

or

such

price

is

believed

by

GSAM

to

not

represent

fair

value,

equity

securities

will

be

valued

at

the

valid

closing

bid

price

for

long

positions

and

at

the

valid

closing

ask

price

for

short

positions

(i.e.

where

there

is

sufficient

volume,

during

normal

exchange

trading

hours).

If

no

valid

bid/ask

price

is

available,

the

equity

security

will

be

valued

pursuant

to

the

Valuation

Procedures

and

consistent

with

applicable

regulatory

guidance.

To

the

extent

these

investments

are

actively

traded,

they

are

classified

as

Level

of

the

fair

value

hierarchy,

otherwise

they

are

generally

classified

as

Level

2. Certain

equity

securities

containing

unique

attributes

may

be

classified

as

Level

2. Unlisted

equity

securities

for

which

market

quotations

are

available

are

valued

at

the

last

sale

price

on

the

valuation

date,

or

if

no

sale

occurs,

at

the

last

bid

price

for

long

positions

or

the

last

ask

price

for

short

positions,

and

are

generally

classified

as

Level

2. Money

Market

Funds

—

Investments

in

the

Goldman

Sachs

Financial

Square

Government

Fund

("Underlying

Money

Market

Fund")

are

valued

at

the

NAV

per

share

on

the

day

of

valuation.

These

investments

are

generally

classified

as

Level

of

the

fair

value

hierarchy.

For

information

regarding

an

Underlying

Money

Market

Fund's

accounting

policies

and

investment

holdings,

please

see

the

Underlying

Money

Market

Fund's

shareholder

report.

Goldman

Sachs

Real

Estate

Diversified

Income

Fund

Consolidated

Schedule

of

Investments

(continued)

December

31,

2025

(Unaudited)

B. Level

Fair

Value

Investments

—

To

the

extent

that

significant

inputs

to

valuation

models

and

other

alternative

pricing

sources

are

unobservable,

or

if

quotations

are

not

readily

available,

or

if

GSAM

believes

that

such

quotations

do

not

accurately

reflect

fair

value,

the

fair

value

of

the

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

the

Fund's

NAV.

To

the

extent

investments

are

valued

using

single

source

broker

quotations

obtained

directly

from

the

broker

or

passed

through

from

third

party

pricing

vendors,

such

investments

are

classified

as

Level

investments.

The

valuation

techniques

and

significant

inputs

used

in

determining

the

fair

values

for

investments

classified

as

Level

are

as

follows:

C. Other

Fair

Value

Investments

—

Prices

or

valuations

that

require

significant

unobservable

inputs

(including

assumptions

in

determining

fair

value

measurement).

The

fair

valuation

technique

depends

on

the

investment

characteristics

and

the

availability

of

observable

inputs.

Investments

are

classified

within

the

level

of

the

lowest

significant

input

considered

in

determining

fair

value.

GSAM

uses

NAV

as

its

measure

of

fair

values

for

investments

in

LP/LLC

interests

when

(i) the

investment

does

not

have

a

readily

determinable

fair

value

and

(ii) the

NAV

of

the

investment

is

calculated

in

a

manner

consistent

with

the

measurement

principles

of

investment

company

accounting,

including

measurement

of

the

underlying

investments

at

fair

value.

In

evaluating

the

level

at

which

the

investments

have

been

classified,

GSAM

has

assessed

factors

including,

but

not

limited

to,

price

transparency.

An

investment

in

LP/LLC

interests

using

NAV

as

its

measure

of

fair

value

is

excluded

from

the

fair

value

hierarchy.

The

fair

value

technique

and

type

of

valuation

input

varies

by

investment

type

as

follows:

Private

REITs

—

Private

Real

Estate

Investment

Trusts

("Private

REITs")

report

their

investment

assets

at

fair

value,

and

typically

report

a

NAV

per

share

on

a

calendar

quarter

basis.

In

accordance

with

Accounting

Standards

Codification

("ASC")

820-10,

the

Fund

has

elected

to

apply

the

practical

expedient

methodology

and

to

value

its

investments

in

Private

REITs

at

their

respective

NAVs

typically

at

each

quarter.

To

determine

the

NAV

of

the

Fund

with

respect

to

investments

in

Private

REITs,

GSAM

relies

on

information

that

it

receives

periodically

from

the

Private

REITs,

adjusted

on

a

daily

basis,

based

on

a

change

in

a

relevant

proxy

that

the

GSAM

has

deemed

to

be

representative

of

the

market.

Private

Investment

Funds

—

Private

investment

funds

("Private

Investment

Funds")

measure

their

investment

assets

at

fair

value,

and

typically

report

a

NAV

per

share

on

a

calendar

quarterly

basis.

In

accordance

with

ASC

820-10,

the

Fund

has

elected

to

apply

the

practical

expedient

methodology

and

to

value

its

investments

in

Private

Investment

Funds

at

their

respective

NAVs

typically

at

each

quarter.

To

determine

the

NAV

of

the

Fund

with

respect

to

investments

in

Private

Investment

Funds,

GSAM

relies

on

information

that

it

receives

periodically

from

the

Private

Investment

Funds,

adjusted

on

a

daily

basis,

based

on

a

change

in

a

relevant

proxy

that

the

GSAM

has

deemed

to

be

representative

of

the

market.

D. Fair

Value

Hierarchy

—

The

following

is

a

summary

of

the

Funds'

investments

classified

in

the

fair

value

hierarchy

as

of

December

31,

2025:

#### REAL

#### ESTATE

#### DIVERSIFIED

#### INCOME

#### FUND

#### Investment

#### Type

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total

#### Assets
Common

Stock

and/or

Other

Equity

Investments

(a) North

America

$

69,540,679

$

5,503,559

$

—

$

75,044,238

Investment

Company

8,913,138

—

—

8,913,138

#### Subtotal
$

78,453,817

$

5,503,559

$

—

$

83,957,376

#### CONSOLIDATED

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Real

Estate

Diversified

Income

Fund

Consolidated

Schedule

of

Investments

(continued)

December

31,

2025

(Unaudited)

For

further

information

regarding

security

characteristics,

see

the

Schedules

of

Investments.

The

Fund's

risks

include,

but

are

not

limited

to,

the

following:

Dividend-Paying

Investments

Risk

—

The

Fund's

investments

in

dividend-paying

securities

could

cause

the

Fund

to

underperform

other

funds.

Securities

that

pay

dividends,

as

a

group,

can

fall

out

of

favor

with

the

market,

causing

such

securities

to

underperform

securities

that

do

not

pay

dividends.

Depending

upon

market

conditions

and

political

and

legislative

responses

to

such

conditions,

dividend-paying

securities

that

meet

the

Fund's

investment

criteria

may

not

be

widely

available

and/or

may

be

highly

concentrated

in

only

a

few

market

sectors.

In

addition,

issuers

that

have

paid

regular

dividends

or

distributions

to

shareholders

may

not

continue

to

do

so

at

the

same

level

or

at

all

in

the

future.

A

sharp

rise

in

interest

rates

or

an

economic

downturn

could

cause

an

issuer

to

abruptly

reduce

or

eliminate

its

dividend.

This

may

limit

the

ability

of

the

Fund

to

produce

current

income.

Industry

Concentration

Risk

—

The

Fund

concentrates

its

investments

in

the

real

estate

industry,

which

has

historically

experienced

substantial

price

volatility.

Concentrating

Fund

investments

in

a

limited

number

of

issuers

conducting

business

in

the

same

industry

or

group

of

industries

will

subject

the

Fund

to

a

greater

risk

of

loss

as

a

result

of

adverse

economic,

business,

political,

environmental

or

other

developments

than

if

their

investments

were

diversified

across

different

industries.

The

value

of

companies

engaged

in

the

real

estate

industry

is

affected

by,

among

others,

(i) changes

in

general

economic

and

market

conditions;

(ii) changes

in

the

value

of

(or

income

generated

by)

real

estate

properties;

(iii) risks

related

to

local

economic

conditions,

overbuilding

and

increased

competition;

(iv) increases

in

property

taxes

and

operating

expenses;

(v) changes

in

zoning

laws;

(vi) casualty

and

condemnation

losses;

(vii) variations

in

rental

income,

neighborhood

values

or

the

appeal

of

property

to

tenants;

(viii) changes

in

the

availability

or

terms

of

mortgages

and

other

financing

that

may

render

the

sale

or

refinancing

of

properties

difficult

or

unattractive;

(ix) fluctuations

in

occupancy

levels

and

demand

for

properties

or

real

estate-related

services;

and

(x) changes

in

interest

rates

and

leverage.

There

are

also

special

risks

associated

with

particular

sub-industries,

or

real

estate

operations

generally.

Investments

in

Other

Investment

Companies

Risk

—

As

a

shareholder

of

another

investment

company,

the

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.

Leverage

Risk

—

The

Fund

may

use

leverage

to

seek

to

achieve

its

investment

objectives.

The

use

of

leverage

creates

an

opportunity

for

increased

net

investment

income

dividends,

but

also

creates

risks

for

the

investors.

There

is

no

assurance

that

the

Fund's

intended

leveraging

strategy

will

be

successful.

Leverage

involves

risks

and

special

considerations,

including

the

likelihood

of

greater

volatility

of

NAV,

market

price

and

dividend

rate

than

a

comparable

portfolio

without

leverage;

the

risk

that

fluctuations

in

interest

rates

on

borrowings

and

short-term

debt

or

in

the

interest

or

dividend

rates

on

any

leverage

that

the

Fund

must

pay

will

reduce

the

Fund's

return;

the

effect

of

leverage

in

a

declining

market,

which

is

likely

to

cause

a

greater

decline

in

the

NAV

than

if

the

Fund

were

not

leveraged,

which

may

result

in

a

greater

decline

in

the

market

price;

and

that

leverage

may

increase

operating

costs,

which

may

reduce

total

return.

Liquidity

Risk

—

The

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.

Investments

measured

at

NAV

186,031,975

Total

$

269,989,351

(a) Amounts

are

disclosed

by

continent

to

highlight

the

impact

of

time

zone

differences

between

local

market

close

and

the

calculation

of

NAV.

Security

valuations

are

based

on

the

principal

exchange

or

system

on

which

they

are

traded,

which

may

differ

from

country

of

domicile

noted

in

table.

The

Fund

utilizes

fair

value

model

prices

provided

by

an

independent

third-party

fair

value

service

for

certain

international

equity

securities

resulting

in

a

level

classification.

#### CONSOLIDATED

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Real

Estate

Diversified

Income

Fund

Consolidated

Schedule

of

Investments

(continued)

December

31,

2025

(Unaudited)

Market

and

Credit

Risks

—

In

the

normal

course

of

business,

the

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

the

Fund

invests

may

go

up

or

down

in

response

to

the

prospects

of

individual

companies,

particular

sectors

or

governments

and/

or

general

economic

conditions

throughout

the

world

due

to

increasingly

interconnected

global

economies

and

financial

markets.

Events

such

as

war,

military

conflict,

acts

of

terrorism,

social

unrest,

natural

disasters,

recessions,

inflation,

rapid

interest

rate

changes,

supply

chain

disruptions,

sanctions,

the

spread

of

infectious

illness

or

other

public

health

threats

could

also

significantly

impact

the

Fund

and

its

investments.

The

Fund

may

utilize

leverage,

which

magnifies

the

market

risk.

Additionally,

the

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.

Private

Real

Estate

Investment

Funds

Risk

—

The

Fund's

performance

depends

in

part

upon

the

performance

of

the

applicable

private

real

estate

investment

fund

managers

and

selected

strategies,

the

adherence

by

such

private

real

estate

investment

fund

managers

to

such

selected

strategies,

the

instruments

used

by

such

private

real

estate

investment

fund

managers

and

GSAM's

ability

to

select

private

real

estate

investment

fund

managers

and

strategies

and

effectively

allocate

Fund

assets

among

them.

Fund

shareholders

will

bear

two

layers

of

fees

and

expenses:

asset-based

fees

and

expenses

at

the

Fund

level,

and

asset-based

fees,

incentive

allocations

or

fees

and

expenses

at

the

private

real

estate

investment

fund

level.

The

Fund's

investments

in

certain

private

real

estate

investment

funds

may

be

subject

to

lock-up

periods,

during

which

the

Fund

may

not

withdraw

its

investment.

Many

of

the

Fund's

assets

will

be

priced

in

the

absence

of

a

readily

available

market

and

may

be

priced

based

on

determinations

of

fair

value,

which

may

prove

to

be

inaccurate.

The

Fund,

upon

its

redemption

of

all

or

a

portion

of

its

interest

in

a

private

real

estate

investment

fund,

may

receive

an

in-kind

distribution

of

securities

that

are

illiquid

or

difficult

to

value

and

difficult

to

dispose

of.

Private

real

estate

investment

funds

are

not

publicly

traded

and

therefore

are

not

liquid

investments.

Private

real

estate

investment

funds

may

make

significant

use

of

leverage,

which

has

the

potential

to

magnify

losses

versus

funds

that

do

not

employ

leverage.

Private

REIT

Risk

—

In

addition

to

the

risks

described

in

"Private

Real

Estate

Investment

Fund

Risk"

and

"REIT

Risk,"

Private

REITs

are

typically

smaller

and

financially

less

stable

than

Public

REITs.

Private

REITs

are

unlisted,

making

them

hard

to

value

and

trade.

Moreover,

private

REITs

generally

are

exempt

from

Securities

Act

registration

and,

as

such,

are

not

subject

to

the

same

disclosure

requirements

as

Public

REITs,

which

makes

private

REITs

more

difficult

to

evaluate

from

an

investment

perspective.

REIT

Risk

—

Investing

in

REITs

involves

certain

unique

risks

in

addition

to

those

risks

associated

with

investing

in

the

real

estate

industry

in

general.

REITs

whose

underlying

properties

are

concentrated

in

a

particular

industry

or

geographic

region

are

also

subject

to

risks

affecting

such

industries

and

regions.

The

securities

of

REITs

involve

greater

risks

than

those

associated

with

larger,

more

established

companies

and

may

be

subject

to

more

abrupt

or

erratic

price

movements

because

of

interest

rate

changes,

economic

conditions

and

other

factors.

For

example,

the

value

of

these

securities

may

decline

when

interest

rates

rise

and

will

also

be

affected

by

the

real

estate

market

and

by

the

management

or

development

of

the

underlying

properties.

The

underlying

properties

may

be

subject

to

mortgage

loans,

which

may

also

be

subject

to

the

risks

of

default.

REITs

may

also

fail

to

qualify

for

tax

free

passthrough

of

income

or

may

fail

to

maintain

their

exemptions

from

investment

company

registration.

Securities

of

such

issuers

may

lack

sufficient

market

liquidity

to

enable

the

Fund

to

effect

sales

at

an

advantageous

time

or

without

a

substantial

drop

in

price.

Repurchase

Offers

Risk

—

The

Fund

operates

as

an

"interval

fund,"

and,

in

order

to

provide

some

liquidity

to

shareholders,

will

make

quarterly

offers

to

repurchase

a

percentage

of

its

outstanding

shares

at

NAV,

pursuant

to

Rule

23c-3

under

the

Act.

The

repurchase

of

shares

by

the

Fund

would

decrease

the

assets

of

the

Fund

and,

therefore,

may

have

the

effect

of

increasing

the

Fund's

expense

ratio.

Repurchase

offers

and

the

need

to

fund

repurchase

obligations

may

also

affect

the

ability

of

the

Fund

to

be

fully

invested

or

force

the

Fund

to

maintain

a

higher

percentage

of

its

assets

in

liquid

investments,

which

may

harm

the

Fund's

investment

performance.

In

addition,

the

Fund

may

be

required

to

sell

portfolio

securities

(including

at

inopportune

times)

to

satisfy

repurchase

requests,

resulting

in

increased

transaction

costs

that

must

be

borne

by

the

Fund

and

its

shareholders.

This

may

result

in

higher

short-term

capital

gains

for

taxable

shareholders.

#### CONSOLIDATED

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

Goldman

Sachs

Real

Estate

Diversified

Income

Fund

Consolidated

Schedule

of

Investments

(continued)

December

31,

2025

(Unaudited)

If

a

repurchase

offer

is

oversubscribed

and

the

Fund

determines

not

to

repurchase

additional

shares

beyond

the

repurchase

offer

amount,

or

if

shareholders

tender

an

amount

of

shares

greater

than

that

which

the

Fund

is

entitled

to

purchase,

the

Fund

will

repurchase

the

shares

tendered

on

a

pro

rata

basis,

and

shareholders

will

have

to

wait

until

the

next

repurchase

offer

to

make

another

repurchase

request.

Shareholders

will

be

subject

to

the

risk

of

NAV

fluctuations

during

that

period.

Thus,

there

is

also

a

risk

that

some

shareholders,

in

anticipation

of

proration,

may

tender

more

shares

than

they

wish

to

have

repurchased

in

a

particular

quarter,

thereby

increasing

the

likelihood

that

proration

will

occur.

#### CONSOLIDATED

#### NOTES

#### TO

#### THE

#### SCHEDULE

#### OF

#### INVESTMENTS
(continued)

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Goldman Sachs Real Estate Diversified Income Fund

- **b. Investment Company Act file number:** 811-23499

- **c. CIK number of Registrant:** 0001796242

- **d. LEI of Registrant:** 549300CWX1WM1MBZTV21

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

  - **Street Address 1:** 200 West Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

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

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

- **a. Name of Series:** Goldman Sachs Real Estate Diversified Income Fund

- **c. LEI of Series:** 549300CWX1WM1MBZTV21

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $276964431.59

**Total Liabilities:** $3589401.14

**Net Assets:** $273375030.45

**Amount of Assets Invested in Other Investment Companies:** $187375368.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000001 | -1.07%               | -0.13%               | 0.54%                |
| Class ID C000000002 | -1.00%               | -0.13%               | 0.56%                |
| Class ID C000000003 | -1.07%               | -0.27%               | 0.48%                |
| Class ID C000000004 | -1.04%               | -0.13%               | 0.52%                |
| Class ID C000000005 | -1.07%               | -0.13%               | 0.47%                |
| Class ID C000000006 | -1.00%               | -0.13%               | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1514329.90             | $-1346957.54                               |
| Month 2  | $268435.00               | $4055855.81                                |
| Month 3  | $-803982.89              | $-3279333.28                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Ares US RE Fund IX                             | Ares US RE Fund IX                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |  12576063 | NS      | $3942067.40   | 1.44%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brookfield RE Finance Fnd                      | Brookfield RE Finance Fnd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |  36001941 | NS      | $2799834.97   | 1.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| American Homes 4 Rent                          | American Homes 4 Rent                          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    174331 | NS      | $5596025.10   | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                           | Two Harbors Investment Corp                    | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     57783 | NS      | $1390258.98   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| MFA FINANCIAL INC                              | MFA Financial Inc                              | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     77545 | NS      | $1769576.90   | 0.65%             |  |  |  | No            | 2                  | On Loan: No      |
| Invitation Homes Inc                           | Invitation Homes Inc                           | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134399 | NS      | $3734948.21   | 1.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Clarion Debt Fund                              | Clarion Debt Fund                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |  15636735 | NS      | $1918173.89   | 0.70%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MANULIFE US REAL ESTATE                        | MANULIFE US REAL ESTATE                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6716 | NS      | $8816601.10   | 3.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| UBS Trumbull Ppty                              | UBS Trumbull Ppty                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |       396 | NS      | $3490219.79   | 1.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                        | Pebblebrook Hotel Trust                        | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     88458 | NS      | $1687778.64   | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| OAKTREE REAL ESTATE IF                         | OAKTREE REAL ESTATE IF                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    387915 | NS      | $37264119.77  | 13.63%            |  |  |  | Yes           | N/A                | On Loan: No      |
| PROLOGIS US LOGISTICS                          | PROLOGIS US LOGISTICS                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3354 | NS      | $9361435.89   | 3.42%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Extra Space Storage Inc                        | Extra Space Storage Inc                        | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27689 | NS      | $3605661.58   | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Brookfield Prem RE Prtnrs                      | Brookfield Prem RE Prtnrs                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |       994 | NS      | $1283232.32   | 0.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Ladder Capital Corp                            | Ladder Capital Corp                            | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    253618 | NS      | $2787261.82   | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc                       | Simon Property Group Inc                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     27824 | NS      | $5150500.64   | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| SENTINEL REAL ESTATE FUND                      | SENTINEL REAL ESTATE FUND                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        62 | NS      | $6452818.22   | 2.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AvalonBay Communities Inc                      | AvalonBay Communities Inc                      | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     30910 | NS      | $5604292.10   | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Harrison Strt Cre Prop Fd                      | Harrison Strt Cre Prop Fd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6830 | NS      | $9461620.12   | 3.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Ryman Hospitality Properties I                 | Ryman Hospitality Properties Inc               | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     31499 | NS      | $2980435.38   | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                       | PennyMac Mortgage Investment Trust             | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     71214 | NS      | $1683498.96   | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| GREYSTAR STUDENT HOUSING                       | GREYSTAR STUDENT HOUSING                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15460 | NS      | $19770389.11  | 7.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nuveen U.S. Core-Plus Fnd                      | Nuveen U.S. Core-Plus Fnd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |        58 | NS      | $5398545.35   | 1.97%             |  |  |  | Yes           | N/A                | On Loan: No      |
| American Tower Corp                            | American Tower Corp                            | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     25331 | NS      | $4447363.67   | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Realty Trust Inc                       | Digital Realty Trust Inc                       | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     27152 | NS      | $4200685.92   | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis Inc                                   | Prologis Inc                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     45770 | NS      | $5842998.20   | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Public Storage                                 | Public Storage                                 | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      9049 | NS      | $2348215.50   | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| ARES INDS REAL ESTATE                          | ARES INDS REAL ESTATE                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6912 | NS      | $18739478.08  | 6.85%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SBA Communications Corp                        | SBA Communications Corp                        | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     23005 | NS      | $4449857.15   | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Americold Realty Trust Inc                     | Americold Realty Trust Inc                     | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    197784 | NS      | $2543502.24   | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| REALTERM LOGISTICS INCOME                      | REALTERM LOGISTICS INCOME                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14467 | NS      | $22402645.56  | 8.19%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bain Cap RE I-B, L.P.                          | Bain Cap RE I-B, L.P.                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |  23176780 | NS      | $7501095.23   | 2.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WHEELOCK STREET REAL ESTA                      | WHEELOCK STREET REAL ESTA                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206232 | NS      | $22541285.10  | 8.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Clarion Ventures                               | Clarion Ventures                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |  13076485 | NS      | $2477313.86   | 0.91%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Sculptor RE Credit Fund                        | Sculptor RE Credit Fund                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |  77921985 | NS      | $10285.70     | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Equity LifeStyle Properties In                 | Equity LifeStyle Properties Inc                | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     78133 | NS      | $4735641.13   | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| VICI Properties Inc                            | VICI Properties Inc                            | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    156754 | NS      | $4407922.48   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Heitman Core RE Debt Inc                       | Heitman Core RE Debt Inc                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4656 | NS      | $2400813.44   | 0.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Equinix Inc                                    | Equinix Inc                                    | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      9274 | NS      | $7105367.84   | 2.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |  11921483 | NS      | $11921482.84  | 4.36%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** Goldman Sachs Real Estate Diversified Income Fund

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer