# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001145549-25-038938
**Filing Date:** 2025-6
**Character Count:** 61770
**Document Hash:** bf1ddfb5085c1414c84e64e456f9b3f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-038938.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0001145549-25-038938

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS TRUST
- **CENTRAL INDEX KEY:** 0000822977

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05349
- **FILM NUMBER:** 251030188

**BUSINESS ADDRESS:**
- **STREET 1:** 71  SOUTH WACKER DRIVE
- **STREET 2:** C/O GOLDMAN SACHS & CO
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126554400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19910711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19900104

## Series and Classes Contracts Data

### Goldman Sachs Investor Tax-Exempt California Money Market Fund (Series ID: S000086404)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000251955 | Administration Shares | ICBXX           |
| C000251956 | Class A Shares        | INCXX           |
| C000251957 | Preferred Shares      | ICPXX           |
| C000251958 | Service Shares        | ICSXX           |
| C000251959 | Class I Shares        | ICIXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000822977

### General Information

**Report for (YYYY-MM-DD):** 2025-05-30

**Registrant Full Name:** Goldman Sachs Trust

**CIK Number of Registrant:** 0000822977

**LEI of Registrant:** S2FHCT8U6D2VORP0J605

**Name of Series:** Goldman Sachs Investor Tax-Exempt California Money Market Fund

**LEI of Series:** 9845002G2F8C7A7WFD39

**EDGAR Series Identifier:** S000086404

**Total number of share classes in the series:** 5

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                                 | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Goldman Sachs Asset Management, L.P.                    | 801-37591         |
| Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: Boston<br>State: MA |  |
| Administrator                 | Goldman Sachs Asset Management, L.P.                    |  |
| Transfer Agent                | Goldman Sachs & Co. LLC<br>CIK: 0000734700              | 084-01100         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-17619

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Single State

- **Is this a Retail Money Market Fund?:** Yes

- **Is this a Government Money Market Fund?:** No

- **WAM:** 25 days

- **WAL:** 25 days

- **Total Value of Portfolio Securities:** $6703979.34

- **Amortized Cost of Portfolio Securities:** $6703889.68

- **Cash:** $19684.58

- **Total Other Assets:** $122803.12

- **Total Liabilities:** $124638.02

- **Net Assets of Series:** $6721739.36

- **Number of Shares Outstanding (Series):** 6721955.3700

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-05-01 | $1317005.56               | $4172005.56                | 20.4200%                  | 64.6900%                   |
| 2025-05-02 | $1317167.32               | $4172167.32                | 20.4300%                  | 64.7000%                   |
| 2025-05-05 | $1317221.24               | $4172221.24                | 20.4300%                  | 64.7000%                   |
| 2025-05-06 | $1017240.00               | $3872240.00                | 15.7800%                  | 60.0500%                   |
| 2025-05-07 | $1218179.01               | $4073179.01                | 18.8900%                  | 63.1700%                   |
| 2025-05-08 | $1320068.42               | $4175068.42                | 19.5600%                  | 61.8700%                   |
| 2025-05-09 | $1319812.68               | $4174812.68                | 19.5600%                  | 61.8800%                   |
| 2025-05-12 | $1319868.58               | $4174868.58                | 19.3000%                  | 61.0600%                   |
| 2025-05-13 | $1313960.46               | $3968960.46                | 19.4800%                  | 58.8300%                   |
| 2025-05-14 | $1213271.77               | $3868271.77                | 17.9600%                  | 57.2700%                   |
| 2025-05-15 | $1262857.41               | $3912857.41                | 18.3100%                  | 56.7300%                   |
| 2025-05-16 | $1109887.50               | $3759887.50                | 16.4600%                  | 55.7500%                   |
| 2025-05-19 | $1109977.87               | $3759977.87                | 16.4600%                  | 55.7500%                   |
| 2025-05-20 | $910246.68                | $3760246.68                | 13.5000%                  | 55.7600%                   |
| 2025-05-21 | $905054.04                | $3755054.04                | 13.4300%                  | 55.7300%                   |
| 2025-05-22 | $905109.36                | $4005369.98                | 13.4300%                  | 59.4400%                   |
| 2025-05-23 | $904803.12                | $4005000.56                | 13.4300%                  | 59.4400%                   |
| 2025-05-27 | $905300.14                | $4005481.80                | 13.4400%                  | 59.4500%                   |
| 2025-05-28 | $979599.25                | $4479765.10                | 14.3800%                  | 65.7600%                   |
| 2025-05-29 | $1364468.36               | $4514468.36                | 19.9300%                  | 65.9400%                   |
| 2025-05-30 | $1200876.52               | $4350876.52                | 17.5700%                  | 63.6400%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-05-01 | 2.8500%             |
| 2025-05-02 | 2.7900%             |
| 2025-05-05 | 2.6000%             |
| 2025-05-06 | 2.5200%             |
| 2025-05-07 | 2.4700%             |
| 2025-05-08 | 2.4200%             |
| 2025-05-09 | 2.3900%             |
| 2025-05-12 | 2.3100%             |
| 2025-05-13 | 2.3100%             |
| 2025-05-14 | 2.3200%             |
| 2025-05-15 | 2.4400%             |
| 2025-05-16 | 2.5300%             |
| 2025-05-19 | 2.7700%             |
| 2025-05-20 | 2.8600%             |
| 2025-05-21 | 2.9000%             |
| 2025-05-22 | 2.8400%             |
| 2025-05-23 | 2.7900%             |
| 2025-05-27 | 2.6000%             |
| 2025-05-28 | 2.5500%             |
| 2025-05-29 | 2.5200%             |
| 2025-05-30 | 2.5200%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-05-01 | 0.9997                      |
|  |  |
| 2025-05-02 | 0.9997                      |
|  |  |
| 2025-05-05 | 0.9997                      |
|  |  |
| 2025-05-06 | 0.9998                      |
|  |  |
| 2025-05-07 | 0.9998                      |
|  |  |
| 2025-05-08 | 0.9999                      |
|  |  |
| 2025-05-09 | 0.9999                      |
|  |  |
| 2025-05-12 | 0.9999                      |
|  |  |
| 2025-05-13 | 0.9999                      |
|  |  |
| 2025-05-14 | 0.9999                      |
|  |  |
| 2025-05-15 | 0.9999                      |
|  |  |
| 2025-05-16 | 0.9999                      |
|  |  |
| 2025-05-19 | 0.9999                      |
|  |  |
| 2025-05-20 | 0.9999                      |
|  |  |
| 2025-05-21 | 1.0000                      |
|  |  |
| 2025-05-22 | 1.0000                      |
|  |  |
| 2025-05-23 | 1.0000                      |
|  |  |
| 2025-05-27 | 1.0000                      |
|  |  |
| 2025-05-28 | 1.0000                      |
|  |  |
| 2025-05-29 | 1.0000                      |
|  |  |
| 2025-05-30 | 1.0000                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: Administration Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $50734.13

- **Number of Shares Outstanding:** 50735.7600

- **Expense Reimbursement/Waiver:** 283.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9997          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9997          |
|  |  |
| 2025-05-06 | 0.9998          |
|  |  |
| 2025-05-07 | 0.9998          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9999          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9999          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 1.0000          |
|  |  |
| 2025-05-22 | 1.0000          |
|  |  |
| 2025-05-23 | 1.0000          |
|  |  |
| 2025-05-27 | 1.0000          |
|  |  |
| 2025-05-28 | 1.0000          |
|  |  |
| 2025-05-29 | 1.0000          |
|  |  |
| 2025-05-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $107.57                   | $0.00                   |

**Total Gross Subscriptions (Month):** $107.57

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 2.4200%           |
| 2025-05-02 | 2.3500%           |
| 2025-05-05 | 2.1600%           |
| 2025-05-06 | 2.0800%           |
| 2025-05-07 | 2.0400%           |
| 2025-05-08 | 1.9900%           |
| 2025-05-09 | 1.9600%           |
| 2025-05-12 | 1.8800%           |
| 2025-05-13 | 1.8700%           |
| 2025-05-14 | 1.8900%           |
| 2025-05-15 | 2.0100%           |
| 2025-05-16 | 2.0900%           |
| 2025-05-19 | 2.3400%           |
| 2025-05-20 | 2.4200%           |
| 2025-05-21 | 2.4600%           |
| 2025-05-22 | 2.4100%           |
| 2025-05-23 | 2.3500%           |
| 2025-05-27 | 2.1600%           |
| 2025-05-28 | 2.1200%           |
| 2025-05-29 | 2.0900%           |
| 2025-05-30 | 2.0800%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

### Class: Class A Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $50734.21

- **Number of Shares Outstanding:** 50735.8400

- **Expense Reimbursement/Waiver:** 283.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9997          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9997          |
|  |  |
| 2025-05-06 | 0.9998          |
|  |  |
| 2025-05-07 | 0.9998          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9999          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9999          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 1.0000          |
|  |  |
| 2025-05-22 | 1.0000          |
|  |  |
| 2025-05-23 | 1.0000          |
|  |  |
| 2025-05-27 | 1.0000          |
|  |  |
| 2025-05-28 | 1.0000          |
|  |  |
| 2025-05-29 | 1.0000          |
|  |  |
| 2025-05-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $107.58                   | $0.00                   |

**Total Gross Subscriptions (Month):** $107.58

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 2.4200%           |
| 2025-05-02 | 2.3500%           |
| 2025-05-05 | 2.1600%           |
| 2025-05-06 | 2.0800%           |
| 2025-05-07 | 2.0400%           |
| 2025-05-08 | 1.9900%           |
| 2025-05-09 | 1.9600%           |
| 2025-05-12 | 1.8800%           |
| 2025-05-13 | 1.8700%           |
| 2025-05-14 | 1.8900%           |
| 2025-05-15 | 2.0100%           |
| 2025-05-16 | 2.0900%           |
| 2025-05-19 | 2.3400%           |
| 2025-05-20 | 2.4200%           |
| 2025-05-21 | 2.4600%           |
| 2025-05-22 | 2.4100%           |
| 2025-05-23 | 2.3500%           |
| 2025-05-27 | 2.1600%           |
| 2025-05-28 | 2.1200%           |
| 2025-05-29 | 2.0900%           |
| 2025-05-30 | 2.0800%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

### Class: Preferred Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $50782.58

- **Number of Shares Outstanding:** 50784.2100

- **Expense Reimbursement/Waiver:** 283.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9997          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9997          |
|  |  |
| 2025-05-06 | 0.9998          |
|  |  |
| 2025-05-07 | 0.9998          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9999          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9999          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 1.0000          |
|  |  |
| 2025-05-22 | 1.0000          |
|  |  |
| 2025-05-23 | 1.0000          |
|  |  |
| 2025-05-27 | 1.0000          |
|  |  |
| 2025-05-28 | 1.0000          |
|  |  |
| 2025-05-29 | 1.0000          |
|  |  |
| 2025-05-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $113.93                   | $0.00                   |

**Total Gross Subscriptions (Month):** $113.93

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 2.5700%           |
| 2025-05-02 | 2.5000%           |
| 2025-05-05 | 2.3100%           |
| 2025-05-06 | 2.2300%           |
| 2025-05-07 | 2.1900%           |
| 2025-05-08 | 2.1400%           |
| 2025-05-09 | 2.1100%           |
| 2025-05-12 | 2.0300%           |
| 2025-05-13 | 2.0200%           |
| 2025-05-14 | 2.0400%           |
| 2025-05-15 | 2.1600%           |
| 2025-05-16 | 2.2400%           |
| 2025-05-19 | 2.4900%           |
| 2025-05-20 | 2.5700%           |
| 2025-05-21 | 2.6100%           |
| 2025-05-22 | 2.5600%           |
| 2025-05-23 | 2.5000%           |
| 2025-05-27 | 2.3100%           |
| 2025-05-28 | 2.2700%           |
| 2025-05-29 | 2.2400%           |
| 2025-05-30 | 2.2300%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

### Class: Service Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $50653.56

- **Number of Shares Outstanding:** 50655.1900

- **Expense Reimbursement/Waiver:** 282.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9997          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9997          |
|  |  |
| 2025-05-06 | 0.9998          |
|  |  |
| 2025-05-07 | 0.9998          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9999          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9999          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 1.0000          |
|  |  |
| 2025-05-22 | 1.0000          |
|  |  |
| 2025-05-23 | 1.0000          |
|  |  |
| 2025-05-27 | 1.0000          |
|  |  |
| 2025-05-28 | 1.0000          |
|  |  |
| 2025-05-29 | 1.0000          |
|  |  |
| 2025-05-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $97.01                    | $0.00                   |

**Total Gross Subscriptions (Month):** $97.01

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 2.1700%           |
| 2025-05-02 | 2.1000%           |
| 2025-05-05 | 1.9100%           |
| 2025-05-06 | 1.8300%           |
| 2025-05-07 | 1.7900%           |
| 2025-05-08 | 1.7400%           |
| 2025-05-09 | 1.7100%           |
| 2025-05-12 | 1.6300%           |
| 2025-05-13 | 1.6200%           |
| 2025-05-14 | 1.6400%           |
| 2025-05-15 | 1.7600%           |
| 2025-05-16 | 1.8400%           |
| 2025-05-19 | 2.0900%           |
| 2025-05-20 | 2.1700%           |
| 2025-05-21 | 2.2100%           |
| 2025-05-22 | 2.1600%           |
| 2025-05-23 | 2.1000%           |
| 2025-05-27 | 1.9100%           |
| 2025-05-28 | 1.8700%           |
| 2025-05-29 | 1.8400%           |
| 2025-05-30 | 1.8300%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 100.0000%        | 0.0000%              |

### Class: Class I Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $6518834.88

- **Number of Shares Outstanding:** 6519044.3700

- **Expense Reimbursement/Waiver:** 35577.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9997          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9997          |
|  |  |
| 2025-05-06 | 0.9998          |
|  |  |
| 2025-05-07 | 0.9998          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9999          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9999          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 1.0000          |
|  |  |
| 2025-05-22 | 1.0000          |
|  |  |
| 2025-05-23 | 1.0000          |
|  |  |
| 2025-05-27 | 1.0000          |
|  |  |
| 2025-05-28 | 1.0000          |
|  |  |
| 2025-05-29 | 1.0000          |
|  |  |
| 2025-05-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $12518.58                 | $0.00                   |
| 2025-05-08 | $300000.00                | $0.00                   |
| 2025-05-28 | $74244.09                 | $0.00                   |

**Total Gross Subscriptions (Month):** $386762.67

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 2.6700%           |
| 2025-05-02 | 2.6000%           |
| 2025-05-05 | 2.4100%           |
| 2025-05-06 | 2.3300%           |
| 2025-05-07 | 2.2900%           |
| 2025-05-08 | 2.2400%           |
| 2025-05-09 | 2.2100%           |
| 2025-05-12 | 2.1300%           |
| 2025-05-13 | 2.1200%           |
| 2025-05-14 | 2.1400%           |
| 2025-05-15 | 2.2600%           |
| 2025-05-16 | 2.3400%           |
| 2025-05-19 | 2.5900%           |
| 2025-05-20 | 2.6700%           |
| 2025-05-21 | 2.7100%           |
| 2025-05-22 | 2.6600%           |
| 2025-05-23 | 2.6000%           |
| 2025-05-27 | 2.4100%           |
| 2025-05-28 | 2.3700%           |
| 2025-05-29 | 2.3400%           |
| 2025-05-30 | 2.3300%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 25.1700%         | 0.0000%              |
| Broker-dealer |  | 74.8300%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: BAY AREA TOLL AUTHORITY

- **C.1 - Title:** BAY AREA TOLL AUTHORITY 1.000001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 072024ZD7, C.4 - ISIN: US072024ZD72, C.3 - LEI: 5493001FUZGUQMIP5D78
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 1.0000%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2059-04-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: BERKELEY, CALIFORNIA (CITY OF)

- **C.1 - Title:** BERKELEY, CALIFORNIA (CITY OF) 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 084113B99, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100329.19
- **C.18.a - Value (excl. sponsor support):** $100329.19
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-07-29
- **C.12 - Maturity Date (WAL):** 2025-07-29
- **C.13 - Final Legal Maturity Date:** 2025-07-29
- **C.10 - Ratings:** Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 3: BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC (FORMERLY BLACKR

- **C.1 - Title:** BLACKROCK MUNIHOLDINGS CALIF QUALITY FD INC (FORMERLY BLACKR 2.109999%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 09254L800, C.4 - ISIN: US09254L8000, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 2.1100%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2054-09-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 0.820002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 130178EY8, C.4 - ISIN: US130178EY80, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 0.8200%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2036-10-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: CALIFORNIA INSTITUTE OF TECHNOLOGY

- **C.1 - Title:** CALIFORNIA INSTITUTE OF TECHNOLOGY 0.630001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 130178EZ5, C.4 - ISIN: US130178EZ55, C.3 - LEI: 549300CITPNHOTVPHC04
- **C.18 - Value (incl. sponsor support):** $125000.00
- **C.18.a - Value (excl. sponsor support):** $125000.00
- **C.19 - Percentage of Net Assets:** 1.8600%
- **C.17 - Yield as of Reporting Date:** 0.6300%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2036-10-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: KAISER PERMANENTE

- **C.1 - Title:** KAISER PERMANENTE 2.970000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13032TSZ5, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100038.49
- **C.18.a - Value (excl. sponsor support):** $100038.49
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 2.9700%
- **C.11 - Maturity Date (WAM):** 2025-08-13
- **C.12 - Maturity Date (WAL):** 2025-08-13
- **C.13 - Final Legal Maturity Date:** 2025-08-13
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: STANFORD HEALTH CARE

- **C.1 - Title:** STANFORD HEALTH CARE 2.700000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13032XAC6, C.3 - LEI: 5493005311WCPXQGDG42
- **C.18 - Value (incl. sponsor support):** $200007.36
- **C.18.a - Value (excl. sponsor support):** $200007.36
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 2.7000%
- **C.11 - Maturity Date (WAM):** 2025-06-16
- **C.12 - Maturity Date (WAL):** 2025-06-16
- **C.13 - Final Legal Maturity Date:** 2025-06-16
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 8: CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY

- **C.1 - Title:** CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY 0.850001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13033L2Q9, C.4 - ISIN: US13033L2Q93, C.3 - LEI: 5493007RI8BUDOGHZ546
- **C.18 - Value (incl. sponsor support):** $260000.00
- **C.18.a - Value (excl. sponsor support):** $260000.00
- **C.19 - Percentage of Net Assets:** 3.8700%
- **C.17 - Yield as of Reporting Date:** 0.8500%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2043-10-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: CALIFORNIA MUNICIPAL FINANCE AUTHORITY

- **C.1 - Title:** CALIFORNIA MUNICIPAL FINANCE AUTHORITY 5.000000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 13049UCK3, C.4 - ISIN: US13049UCK34, C.3 - LEI: 5493000UQOV6R4ZWS346
- **C.18 - Value (incl. sponsor support):** $70000.00
- **C.18.a - Value (excl. sponsor support):** $70000.00
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-06-01
- **C.13 - Final Legal Maturity Date:** 2025-06-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 10: STATE OF CALIFORNIA

- **C.1 - Title:** STATE OF CALIFORNIA 3.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 13063DUG1, C.4 - ISIN: US13063DUG14, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100018.51
- **C.18.a - Value (excl. sponsor support):** $100018.51
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 2.9700%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 11: STATE OF CALIFORNIA

- **C.1 - Title:** STATE OF CALIFORNIA 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 13063EMG8, C.4 - ISIN: US13063EMG88, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $101655.32
- **C.18.a - Value (excl. sponsor support):** $101655.32
- **C.19 - Percentage of Net Assets:** 1.5100%
- **C.17 - Yield as of Reporting Date:** 2.7400%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: RADY CHILDREN'S HOSPITAL-SAN DIEGO

- **C.1 - Title:** RADY CHILDREN'S HOSPITAL-SAN DIEGO 2.200001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 130795W29, C.4 - ISIN: US130795W298, C.3 - LEI: 549300KTNI2GCJNX2U48
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 2.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2047-08-15
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: KAISER FOUNDATION HOSPITALS

- **C.1 - Title:** KAISER FOUNDATION HOSPITALS 2.950000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13080QEH7, C.3 - LEI: DW4Z57L3G4IRMHYZYK62
- **C.18 - Value (incl. sponsor support):** $100037.93
- **C.18.a - Value (excl. sponsor support):** $100037.93
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 2.7500%
- **C.11 - Maturity Date (WAM):** 2025-08-12
- **C.12 - Maturity Date (WAL):** 2025-08-12
- **C.13 - Final Legal Maturity Date:** 2025-08-12
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 14: CALIFORNIA STATE UNIVERSITY

- **C.1 - Title:** CALIFORNIA STATE UNIVERSITY 2.640000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13080UAA7, C.4 - ISIN: US13080UAA79, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100001.59
- **C.18.a - Value (excl. sponsor support):** $100001.59
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2025-06-04
- **C.12 - Maturity Date (WAL):** 2025-06-04
- **C.13 - Final Legal Maturity Date:** 2025-06-04
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 15: SCRIPPS HEALTH

- **C.1 - Title:** SCRIPPS HEALTH 1.350000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 1309116Y1, C.4 - ISIN: US1309116Y11, C.3 - LEI: 5493007MZOLMF0LSHI96
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 1.3500%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2035-08-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 16: DEUTSCHE BANK SPEARS/LIFERS TRUST

- **C.1 - Title:** DEUTSCHE BANK SPEARS/LIFERS TRUST 2.069999%
- **C.6 - Investment Category:** Tender Option Bond
- **Identifiers:** C.3 - CUSIP: 25156SHV2, C.4 - ISIN: US25156SHV25, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 2.0700%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2050-05-15
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 17: LOS ANGELES, CALIFORNIA (CITY OF)

- **C.1 - Title:** LOS ANGELES, CALIFORNIA (CITY OF) 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 544351SE0, C.4 - ISIN: US544351SE06, C.3 - LEI: 549300E7TO710PTXPJ65
- **C.18 - Value (incl. sponsor support):** $395368.46
- **C.18.a - Value (excl. sponsor support):** $395368.46
- **C.19 - Percentage of Net Assets:** 5.8800%
- **C.17 - Yield as of Reporting Date:** 3.4400%
- **C.11 - Maturity Date (WAM):** 2025-06-26
- **C.12 - Maturity Date (WAL):** 2025-06-26
- **C.13 - Final Legal Maturity Date:** 2025-06-26
- **C.10 - Ratings:** Moody's Investors Service, Inc.: MIG1; Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 18: LOS ANGELES UNIFIED SCHOOL DISTRICT

- **C.1 - Title:** LOS ANGELES UNIFIED SCHOOL DISTRICT 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 544647HS2, C.4 - ISIN: US544647HS23, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $190287.58
- **C.18.a - Value (excl. sponsor support):** $190287.58
- **C.19 - Percentage of Net Assets:** 2.8300%
- **C.17 - Yield as of Reporting Date:** 3.0100%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 19: LOS ANGELES, CALIFORNIA (COUNTY OF)

- **C.1 - Title:** LOS ANGELES, CALIFORNIA (COUNTY OF) 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 544657JB6, C.4 - ISIN: US544657JB68, C.3 - LEI: 254900NGUPWO7FB6II89
- **C.18 - Value (incl. sponsor support):** $200259.22
- **C.18.a - Value (excl. sponsor support):** $200259.22
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 3.1800%
- **C.11 - Maturity Date (WAM):** 2025-06-30
- **C.12 - Maturity Date (WAL):** 2025-06-30
- **C.13 - Final Legal Maturity Date:** 2025-06-30
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: MIG1; Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 20: METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA (THE)

- **C.1 - Title:** METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA (THE) 4.369999%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 59266TUT6, C.4 - ISIN: US59266TUT68, C.3 - LEI: 5493003GD0S0P56RLT45
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2037-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 21: ORANGE COUNTY WATER DISTRICT

- **C.1 - Title:** ORANGE COUNTY WATER DISTRICT 0.950000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 684421CB4, C.4 - ISIN: US684421CB49, C.3 - LEI: 549300KBQTX6CMJ3U708
- **C.18 - Value (incl. sponsor support):** $125000.00
- **C.18.a - Value (excl. sponsor support):** $125000.00
- **C.19 - Percentage of Net Assets:** 1.8600%
- **C.17 - Yield as of Reporting Date:** 0.9500%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2042-08-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 22: PASADENA, CALIFORNIA (CITY OF)

- **C.1 - Title:** PASADENA, CALIFORNIA (CITY OF) 1.330002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 702204LN6, C.4 - ISIN: US702204LN62, C.3 - LEI: 5493007ZF3ZMBUWLWB58
- **C.18 - Value (incl. sponsor support):** $200000.00
- **C.18.a - Value (excl. sponsor support):** $200000.00
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 1.3300%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2035-02-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 23: RIVERSIDE, CALIFORNIA (COUNTY OF)

- **C.1 - Title:** RIVERSIDE, CALIFORNIA (COUNTY OF) 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 769110CY1, C.4 - ISIN: US769110CY13, C.3 - LEI: 254900CB5HEOBAVTY629
- **C.18 - Value (incl. sponsor support):** $140223.55
- **C.18.a - Value (excl. sponsor support):** $140223.55
- **C.19 - Percentage of Net Assets:** 2.0900%
- **C.17 - Yield as of Reporting Date:** 2.8100%
- **C.11 - Maturity Date (WAM):** 2025-06-30
- **C.12 - Maturity Date (WAL):** 2025-06-30
- **C.13 - Final Legal Maturity Date:** 2025-06-30
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: SP-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 24: SACRAMENTO MUNICIPAL UTILITY DISTRICT

- **C.1 - Title:** SACRAMENTO MUNICIPAL UTILITY DISTRICT 3.150000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 78601SLM7, C.3 - LEI: E3GSVR6ZOU1MX2V7HF33
- **C.18 - Value (incl. sponsor support):** $100004.90
- **C.18.a - Value (excl. sponsor support):** $100004.90
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 3.1500%
- **C.11 - Maturity Date (WAM):** 2025-06-04
- **C.12 - Maturity Date (WAL):** 2025-06-04
- **C.13 - Final Legal Maturity Date:** 2025-06-04
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 25: SACRAMENTO MUNICIPAL UTILITY DISTRICT

- **C.1 - Title:** SACRAMENTO MUNICIPAL UTILITY DISTRICT 2.900000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 78601SLN5, C.3 - LEI: E3GSVR6ZOU1MX2V7HF33
- **C.18 - Value (incl. sponsor support):** $100014.22
- **C.18.a - Value (excl. sponsor support):** $100014.22
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 2.9000%
- **C.11 - Maturity Date (WAM):** 2025-07-08
- **C.12 - Maturity Date (WAL):** 2025-07-08
- **C.13 - Final Legal Maturity Date:** 2025-07-08
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 26: HOUSING AUTHORITY OF THE COUNTY OF SACRAMENTO

- **C.1 - Title:** HOUSING AUTHORITY OF THE COUNTY OF SACRAMENTO 1.550002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 786111EW0, C.4 - ISIN: US786111EW08, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $265000.00
- **C.18.a - Value (excl. sponsor support):** $265000.00
- **C.19 - Percentage of Net Assets:** 3.9400%
- **C.17 - Yield as of Reporting Date:** 1.5500%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2029-07-15
- **C.10 - Ratings:** Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 27: SACRAMENTO COUNTY WATER AUTHORITY

- **C.1 - Title:** SACRAMENTO COUNTY WATER AUTHORITY 5.000000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 78615RDR1, C.4 - ISIN: US78615RDR12, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $80000.00
- **C.18.a - Value (excl. sponsor support):** $80000.00
- **C.19 - Percentage of Net Assets:** 1.1900%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-06-01
- **C.13 - Final Legal Maturity Date:** 2025-06-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 28: SAN DIEGO CALIFORNIA UNIFIED SCHOOL DISTRICT

- **C.1 - Title:** SAN DIEGO CALIFORNIA UNIFIED SCHOOL DISTRICT 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 797356PB2, C.4 - ISIN: US797356PB27, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $120181.63
- **C.18.a - Value (excl. sponsor support):** $120181.63
- **C.19 - Percentage of Net Assets:** 1.7900%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 29: SAN DIEGO COUNTY WATER AUTHORITY

- **C.1 - Title:** SAN DIEGO COUNTY WATER AUTHORITY 2.900000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 79741WAJ6, C.4 - ISIN: US79741WAJ62, C.3 - LEI: 549300Y0QN5OFKA1G520
- **C.18 - Value (incl. sponsor support):** $200006.22
- **C.18.a - Value (excl. sponsor support):** $200006.22
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 2.9000%
- **C.11 - Maturity Date (WAM):** 2025-06-04
- **C.12 - Maturity Date (WAL):** 2025-06-04
- **C.13 - Final Legal Maturity Date:** 2025-06-04
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 30: SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT

- **C.1 - Title:** SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 797661YL3, C.4 - ISIN: US797661YL32, C.3 - LEI: 549300Y3C3QUMLE3FY58
- **C.18 - Value (incl. sponsor support):** $100363.89
- **C.18.a - Value (excl. sponsor support):** $100363.89
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 31: SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT

- **C.1 - Title:** SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 797661ZB4, C.4 - ISIN: US797661ZB41, C.3 - LEI: 549300Y3C3QUMLE3FY58
- **C.18 - Value (incl. sponsor support):** $60218.33
- **C.18.a - Value (excl. sponsor support):** $60218.33
- **C.19 - Percentage of Net Assets:** 0.9000%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 32: AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO

- **C.1 - Title:** AIRPORT COMMISSION OF THE CITY AND COUNTY OF SAN FRANCISCO 1.000001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 79766DLB3, C.4 - ISIN: US79766DLB37, C.3 - LEI: 54930055TIDYHNDP4F84
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 1.0000%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2058-05-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 33: SAN FRANCISCO PUBLIC UTILITIES COMMISSION

- **C.1 - Title:** SAN FRANCISCO PUBLIC UTILITIES COMMISSION 2.900000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 79770U2U8, C.3 - LEI: 213800P9VO3CSYYNM193
- **C.18 - Value (incl. sponsor support):** $200021.62
- **C.18.a - Value (excl. sponsor support):** $200021.62
- **C.19 - Percentage of Net Assets:** 2.9800%
- **C.17 - Yield as of Reporting Date:** 2.9000%
- **C.11 - Maturity Date (WAM):** 2025-06-12
- **C.12 - Maturity Date (WAL):** 2025-06-12
- **C.13 - Final Legal Maturity Date:** 2025-06-12
- **C.10 - Ratings:** Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 34: SAN MATEO COUNTY JOINT POWERS FINANCING AUTHORITY

- **C.1 - Title:** SAN MATEO COUNTY JOINT POWERS FINANCING AUTHORITY 1.650001%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 799002AA8, C.4 - ISIN: US799002AA86, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $165000.00
- **C.18.a - Value (excl. sponsor support):** $165000.00
- **C.19 - Percentage of Net Assets:** 2.4500%
- **C.17 - Yield as of Reporting Date:** 1.0500%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2039-04-01
- **C.10 - Ratings:** Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 35: SAN MATEO COUNTY TRANSPORTATION AUTHORITY

- **C.1 - Title:** SAN MATEO COUNTY TRANSPORTATION AUTHORITY 1.220002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 79905CAA1, C.4 - ISIN: US79905CAA18, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $225000.00
- **C.18.a - Value (excl. sponsor support):** $225000.00
- **C.19 - Percentage of Net Assets:** 3.3500%
- **C.17 - Yield as of Reporting Date:** 1.2200%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2049-06-01
- **C.10 - Ratings:** Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 36: SANTA CLARA, CALIFORNIA (COUNTY OF)

- **C.1 - Title:** SANTA CLARA, CALIFORNIA (COUNTY OF) 1.220002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 801577HF7, C.4 - ISIN: US801577HF75, C.3 - LEI: 254900JSVO2QQ5A3DV83
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 1.2200%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2035-05-15
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 37: SANTA CLARA VALLEY TRANSPORTATION AUTHORITY

- **C.1 - Title:** SANTA CLARA VALLEY TRANSPORTATION AUTHORITY 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 80168NHR3, C.4 - ISIN: US80168NHR35, C.3 - LEI: 549300R6Q7T4MD3V9H68
- **C.18 - Value (incl. sponsor support):** $100000.00
- **C.18.a - Value (excl. sponsor support):** $100000.00
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-06-01
- **C.13 - Final Legal Maturity Date:** 2025-06-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 38: SANTA CLARA VALLEY TRANSPORTATION AUTHORITY

- **C.1 - Title:** SANTA CLARA VALLEY TRANSPORTATION AUTHORITY 4.360002%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 80168NJW0, C.4 - ISIN: US80168NJW02, C.3 - LEI: 549300R6Q7T4MD3V9H68
- **C.18 - Value (incl. sponsor support):** $185000.00
- **C.18.a - Value (excl. sponsor support):** $185000.00
- **C.19 - Percentage of Net Assets:** 2.7500%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2055-06-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 39: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 2.850000%
- **C.6 - Investment Category:** Tender Option Bond
- **Identifiers:** C.3 - CUSIP: 88035M6F7, C.4 - ISIN: US88035M6F79, C.3 - LEI: N.A.
- **C.18 - Value (incl. sponsor support):** $225000.00
- **C.18.a - Value (excl. sponsor support):** $225000.00
- **C.19 - Percentage of Net Assets:** 3.3500%
- **C.17 - Yield as of Reporting Date:** 2.8500%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2032-11-15
- **C.10 - Ratings:** Moody's Investors Service, Inc.: VMIG1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? Yes, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 40: UNITED STATES DEPARTMENT OF THE TREASURY

- **C.1 - Title:** UNITED STATES DEPARTMENT OF THE TREASURY 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PL5, C.4 - ISIN: US912797PL50, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $499941.33
- **C.18.a - Value (excl. sponsor support):** $499941.33
- **C.19 - Percentage of Net Assets:** 7.4400%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-06-03
- **C.12 - Maturity Date (WAL):** 2025-06-03
- **C.13 - Final Legal Maturity Date:** 2025-06-03
- **C.10 - Ratings:** Fitch, Inc.: F1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 41: REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE)

- **C.1 - Title:** REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) 2.950000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 91412X6V5, C.3 - LEI: RRR42I7GG51DB5HDQR14
- **C.18 - Value (incl. sponsor support):** $170000.00
- **C.18.a - Value (excl. sponsor support):** $170000.00
- **C.19 - Percentage of Net Assets:** 2.5300%
- **C.17 - Yield as of Reporting Date:** 2.9500%
- **C.11 - Maturity Date (WAM):** 2025-10-08
- **C.12 - Maturity Date (WAL):** 2025-10-08
- **C.13 - Final Legal Maturity Date:** 2025-10-08
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** Goldman Sachs Trust

**Date:** 2025-06-06

**By:** Peter W. Fortner

**Name of Signing Officer:** Peter W. Fortner

**Title of Signing Officer:** Assistant Treasurer