# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001752724-25-174069
**Filing Date:** 2025-7
**Character Count:** 43751
**Document Hash:** 5f7875c8227cb0c203895699e9189f06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-174069.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001752724-25-174069

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**PERIOD START**: 20250831

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05349
- **FILM NUMBER:** 251141106

**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 Small/Mid Cap Equity Fund (Series ID: S000044015)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000136623 | Class A         | GMVAX           |
| C000136624 | Class C         | GMVCX           |
| C000136625 | Institutional   | GSMVX           |
| C000136626 | Investor Shares | GMVIX           |
| C000136627 | Class R         | GMVRX           |
| C000161556 | Class R6 Shares | GMCUX           |
| C000201810 | Class P Shares  | GSVPX           |

## 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 Trust

- **b. Investment Company Act file number:** 811-05349

- **c. CIK number of Registrant:** 0000822977

- **d. LEI of Registrant:** S2FHCT8U6D2VORP0J605

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

  - **Street Address 1:** 71 South Wacker Drive

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Small/Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000044015

- **c. LEI of Series:** 549300QQMSY11LM6L607

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $140925235.81

**Total Liabilities:** $56303.46

**Net Assets:** $140868932.35

**Cash Not Reported:** $391176.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000136623 | -4.69%               | -3.48%               | 5.10%                |
| Class ID C000136624 | -4.77%               | -3.50%               | 5.05%                |
| Class ID C000136625 | -4.74%               | -3.36%               | 5.08%                |
| Class ID C000136626 | -4.71%               | -3.38%               | 5.11%                |
| Class ID C000136627 | -4.70%               | -3.49%               | 5.04%                |
| Class ID C000161556 | -4.68%               | -3.36%               | 5.08%                |
| Class ID C000201810 | -4.68%               | -3.36%               | 5.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $952751.72               | $-7857825.24                               |
| Month 2  | $-1846167.97             | $-3042987.43                               |
| Month 3  | $-397035.38              | $7160302.60                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Prosperity Bancshares Inc                      | Prosperity Bancshares Inc                      | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31781 | NS      | $2213546.65   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                         | Jones Lang LaSalle Inc                         | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      5396 | NS      | $1201689.20   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                      | Itron Inc                                      | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      6750 | NS      | $780300.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                                 | Noble Corp PLC                                 | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | US        |     20054 | NS      | $496737.58    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                   | Semtech Corp                                   | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     10734 | NS      | $400700.22    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services In                 | PennyMac Financial Services Inc                | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     18063 | NS      | $1734048.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                 | TD SYNNEX Corp                                 | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     15426 | NS      | $1871790.84   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                            | Avery Dennison Corp                            | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      4172 | NS      | $741489.56    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                             | Voya Financial Inc                             | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     12482 | NS      | $830302.64    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                           | Commercial Metals Co                           | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     21829 | NS      | $1017013.11   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                                | TXNM Energy Inc                                | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     43620 | NS      | $2472817.80   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                 | TechnipFMC PLC                                 | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     39490 | NS      | $1230113.50   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                            | Churchill Downs Inc                            | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      7194 | NS      | $686811.18    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                      | Gates Industrial Corp PLC                      | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |     94508 | NS      | $1998844.20   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                         | FirstCash Holdings Inc                         | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6206 | NS      | $793809.46    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | Jabil Inc                                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      7552 | NS      | $1268811.52   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Cooper Group Inc                            | Mr Cooper Group Inc                            | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     12008 | NS      | $1555396.24   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                         | Webster Financial Corp                         | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     43688 | NS      | $2249058.24   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                           | Deckers Outdoor Corp                           | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      6698 | NS      | $706772.96    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc                  | Selective Insurance Group Inc                  | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      9966 | NS      | $877207.32    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                                    | Kemper Corp                                    | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     25269 | NS      | $1610393.37   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                      | Qorvo Inc                                      | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |     12962 | NS      | $985371.24    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                     | Arcosa Inc                                     | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |      9947 | NS      | $858127.69    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                      | CubeSmart                                      | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33925 | NS      | $1450633.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                     | RenaissanceRe Holdings Ltd                     | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      3525 | NS      | $879205.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                       | ASGN Inc                                       | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     19141 | NS      | $1010836.21   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I                 | BJ's Wholesale Club Holdings Inc               | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     12276 | NS      | $1389765.96   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                                       | Dana Inc                                       | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     57137 | NS      | $950188.31    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                 | Globe Life Inc                                 | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      9131 | NS      | $1112794.97   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                    | IDACORP Inc                                    | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     16531 | NS      | $1966362.45   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                              | Brunswick Corp/DE                              | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     11416 | NS      | $577877.92    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                         | CACI International Inc                         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      4239 | NS      | $1814292.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                                | GCI LIBERTY INC ESCROW SHARE                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3739 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Jefferies Financial Group Inc                  | Jefferies Financial Group Inc                  | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     36054 | NS      | $1752224.40   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                        | WESCO International Inc                        | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      7233 | NS      | $1214348.37   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                             | Crown Holdings Inc                             | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     17344 | NS      | $1708384.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                       | EQT Corp                                       | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     27336 | NS      | $1507033.68   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                        | CNO Financial Group Inc                        | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     32023 | NS      | $1215593.08   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners In                 | Pinnacle Financial Partners Inc                | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     14591 | NS      | $1550731.48   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                          | East West Bancorp Inc                          | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28092 | NS      | $2561990.40   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                          | RPM International Inc                          | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     13815 | NS      | $1572699.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                        | Wintrust Financial Corp                        | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     13929 | NS      | $1663261.89   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackLine Inc                                  | BlackLine Inc                                  | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     11537 | NS      | $645264.41    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                                | NeoGenomics Inc                                | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50413 | NS      | $367006.64    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                  | TopBuild Corp                                  | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      3542 | NS      | $1001996.38   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                     | MasTec Inc                                     | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     11482 | NS      | $1790388.26   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                              | Toll Brothers Inc                              | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     13861 | NS      | $1445009.25   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                    | Enovis Corp                                    | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     20034 | NS      | $627064.20    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                           | Range Resources Corp                           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     56162 | NS      | $2136402.48   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                            | STAG Industrial Inc                            | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     47996 | NS      | $1707697.68   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                    | Bruker Corp                                    | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     12380 | NS      | $454346.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp                            | Ladder Capital Corp                            | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |     86153 | NS      | $906329.56    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                         | Group 1 Automotive Inc                         | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      3626 | NS      | $1537133.92   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                       | United Therapeutics Corp                       | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      1618 | NS      | $515899.30    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/O                 | American Financial Group Inc/OH                | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     12391 | NS      | $1536236.18   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                               | Skechers USA Inc                               | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |     12697 | NS      | $787721.88    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                 | Royal Gold Inc                                 | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      5287 | NS      | $941720.44    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                  | Valvoline Inc                                  | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     19086 | NS      | $660184.74    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                   | Knowles Corp                                   | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     71289 | NS      | $1169852.49   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                              | Primo Brands Corp                              | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     45182 | NS      | $1494168.74   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                    | Pacific Premier Bancorp Inc                    | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     38122 | NS      | $808186.40    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Crinetics Pharmaceuticals Inc                  | Crinetics Pharmaceuticals Inc                  | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |      4233 | NS      | $129148.83    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                | Bio-Techne Corp                                | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     20230 | NS      | $979132.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                   | Evercore Inc                                   | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      5163 | NS      | $1195182.87   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                           | Regency Centers Corp                           | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     37972 | NS      | $2739679.80   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                       | Encore Capital Group Inc                       | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     23403 | NS      | $886973.70    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                      | Esab Corp                                      | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     14345 | NS      | $1764291.55   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                             | Globus Medical Inc                             | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     18441 | NS      | $1091338.38   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                           | MGIC Investment Corp                           | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     70583 | NS      | $1866920.35   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                         | Cousins Properties Inc                         | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     25697 | NS      | $721314.79    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                      | Crocs Inc                                      | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      6627 | NS      | $675954.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                               | HF Sinclair Corp                               | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     28256 | NS      | $1020889.28   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                 | Flowserve Corp                                 | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     25930 | NS      | $1294166.30   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                   | Graphic Packaging Holding Co                   | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40752 | NS      | $905509.44    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol                 | MACOM Technology Solutions Holdings Inc        | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9021 | NS      | $1097043.81   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                            | Curtiss-Wright Corp                            | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      5844 | NS      | $2572002.84   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                              | Everest Group Ltd                              | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      4294 | NS      | $1490833.86   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 Value ETF                 | iShares Russell 2000 Value ETF                 | CUSIP: 464287630<br>LEI: 549300WJAJCAZZLTQD63 | Long             | EC               | RF                | US        |      9239 | NS      | $1393518.37   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                            | Onto Innovation Inc                            | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      4323 | NS      | $397456.62    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc                  | Annaly Capital Management Inc                  | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     69856 | NS      | $1323771.20   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc                           | OneMain Holdings Inc                           | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     21832 | NS      | $1131770.88   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                       | Flex Ltd                                       | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |     24361 | NS      | $1030470.30   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                        | KBR Inc                                        | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     32288 | NS      | $1685110.72   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                       | Granite Construction Inc                       | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |      9454 | NS      | $845660.30    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                            | Meritage Homes Corp                            | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     19145 | NS      | $1217813.45   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                         | Permian Resources Corp                         | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    102252 | NS      | $1289397.72   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                       | Moog Inc                                       | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      6522 | NS      | $1208591.82   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                   | NiSource Inc                                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     46302 | NS      | $1830781.08   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                             | Regal Rexnord Corp                             | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     13091 | NS      | $1746863.04   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding                 | Ollie's Bargain Outlet Holdings Inc            | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      7887 | NS      | $879006.15    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                   | HB Fuller Co                                   | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     18695 | NS      | $1043554.90   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                  | Independence Realty Trust Inc                  | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     67074 | NS      | $1246905.66   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                          | AECOM                                          | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     13636 | NS      | $1497914.60   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                       | Crane Co                                       | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     10051 | NS      | $1722741.40   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                                 | AutoNation Inc                                 | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6516 | NS      | $1197966.60   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie                 | Applied Industrial Technologies Inc            | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      4025 | NS      | $911743.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                  | Coherent Corp                                  | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     14777 | NS      | $1117584.51   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties In                 | Equity LifeStyle Properties Inc                | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     24635 | NS      | $1566046.95   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                            | Silgan Holdings Inc                            | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     19424 | NS      | $1069679.68   | 0.76%             |  |  |  | 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        |   1066506 | NS      | $1066506.43   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                        | ATI Inc                                        | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     15493 | NS      | $1233862.52   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                                | SouthState Corp                                | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     19073 | NS      | $1674609.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                       | Highwoods Properties Inc                       | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     34355 | NS      | $1020343.50   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                           | SPX Technologies Inc                           | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     11909 | NS      | $1811239.81   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                          | American Homes 4 Rent                          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     42672 | NS      | $1615135.20   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                    | Pentair PLC                                    | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | GB        |     22424 | NS      | $2224012.32   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                     | Casey's General Stores Inc                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      2540 | NS      | $1111910.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                   | Reliance Inc                                   | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      5302 | NS      | $1552531.64   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                           | Tenable Holdings Inc                           | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     12317 | NS      | $396853.74    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                       | Saia Inc                                       | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      2975 | NS      | $786619.75    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                      | TEGNA Inc                                      | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     18989 | NS      | $317496.08    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                          | Stifel Financial Corp                          | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     18095 | NS      | $1704910.90   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                   | Wyndham Hotels & Resorts Inc                   | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     11160 | NS      | $923824.80    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                               | Cytokinetics Inc                               | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      6511 | NS      | $201971.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

**Name of Applicant:** Goldman Sachs Trust

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President Assistant Treasurer