# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0000940400-25-014060
**Filing Date:** 2025-12
**Character Count:** 49587
**Document Hash:** d64d9abaf87cfc4e6a15efc1b969bde2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014060.hdr.sgml**: 20251219

**ACCESSION NUMBER**: 0000940400-25-014060

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251219

**DATE AS OF CHANGE**: 20251219

**PERIOD START**: 20251031

**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:** 251588314

**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 Emerging Markets Equity Fund (Series ID: S000009335)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000025571 | Institutional   | GEMIX           |
| C000025572 | Service         | GEMSX           |
| C000025573 | Class A         | GEMAX           |
| C000025575 | Class C         | GEMCX           |
| C000091958 | Investor Shares | GIRMX           |
| C000161505 | Class R6 Shares | GEMUX           |
| C000201742 | Class P Shares  | GAHPX           |

## 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 Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000009335

- **c. LEI of Series:** BWG4TKY1KCT8ICDTBC46

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $3048133979.59

**Total Liabilities:** $28759946.49

**Net Assets:** $3019374033.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025571 | 3.25%                | 7.53%                | 3.78%                |
| Class ID C000025572 | 3.18%                | 7.51%                | 3.74%                |
| Class ID C000025573 | 3.21%                | 7.48%                | 3.77%                |
| Class ID C000025575 | 3.15%                | 7.42%                | 3.73%                |
| Class ID C000091958 | 3.23%                | 7.51%                | 3.80%                |
| Class ID C000161505 | 3.27%                | 7.50%                | 3.79%                |
| Class ID C000201742 | 3.23%                | 7.54%                | 3.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17372631.10             | $72861217.63                               |
| Month 2  | $30653207.66             | $184876576.84                              |
| Month 3  | $43328889.49             | $74266825.74                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Accton Technology Corp                         | Accton Technology Corp                           | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     802000 | NS      | $27890921.16  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd                                  | Axis Bank Ltd                                    | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |    1701468 | NS      | $23612130.93  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS Motor Co Ltd                               | TVS Motor Co Ltd                                 | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |     407096 | NS      | $16078169.11  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Gr                 | Tencent Music Entertainment Group                | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |     834588 | NS      | $18628004.16  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Anji Microelectronics Technolo                 | Anji Microelectronics Technology Shanghai Co Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     467698 | NS      | $12925869.08  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd                  | NAURA Technology Group Co Ltd                    | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |     293455 | NS      | $16765854.16  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co Ltd                    | Nien Made Enterprise Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     470200 | NS      | $5632916.60   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS                                    | Fuyao Glass Industry Group Co Ltd                | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |    1308400 | NS      | $11651732.08  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Gentera SAB de CV                              | Gentera SAB de CV                                | CUSIP: 000000000<br>LEI: 4469000001ECOWXFNE33 | Long             | EC               | CORP              | MX        |    5579350 | NS      | $13273798.75  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd                      | Capitec Bank Holdings Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      95049 | NS      | $21029356.42  | 0.70%             |  |  |  | No            |                  2 | On Loan: —       |
| National Bank of Greece SA                     | National Bank of Greece SA                       | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    1235772 | NS      | $18164032.49  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                       | Bank Central Asia Tbk PT                         | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   42854300 | NS      | $21941059.63  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Amber Enterprises India Ltd                    | Amber Enterprises India Ltd                      | CUSIP: 000000000<br>LEI: 3358009JZU4XT3666G06 | Long             | EC               | CORP              | IN        |     220544 | NS      | $19943686.53  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                               | Raia Drogasil SA                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    4189100 | NS      | $15573007.18  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd                                  | FirstRand Ltd                                    | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |    4799319 | NS      | $22777074.96  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                 | NU Holdings Ltd/Cayman Islands                   | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |    3000640 | NS      | $48340310.40  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd                  | ASE Technology Holding Co Ltd                    | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |    2642000 | NS      | $21138010.48  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services                 | Bangkok Dusit Medical Services PCL               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   15025600 | NS      | $8768174.82   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Prologis Property Mexico SA de                 | Prologis Property Mexico SA de CV                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    3531612 | NS      | $14102876.67  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd                  | Geely Automobile Holdings Ltd                    | CUSIP: 000000000<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | HK        |    5746000 | NS      | $13631292.17  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corp                   | Wheaton Precious Metals Corp                     | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     141292 | NS      | $13637503.84  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JSE Ltd                                        | JSE Ltd                                          | CUSIP: 000000000<br>LEI: 213800MZ1VUQEBWRFO39 | Long             | EC               | CORP              | ZA        |    1099720 | NS      | $8936132.91   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Ltd                                 | MakeMyTrip Ltd                                   | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | IN        |     164086 | NS      | $13126880.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Monde Nissin Corp                              | Monde Nissin Corp                                | CUSIP: 000000000<br>LEI: 549300CUOTXJCLZ00K49 | Long             | EC               | CORP              | PH        |   91590200 | NS      | $10501948.66  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SAI Life Sciences Ltd                          | SAI Life Sciences Ltd                            | CUSIP: 000000000<br>LEI: 335800JBS3NY25NIBC93 | Long             | EC               | CORP              | IN        |     863579 | NS      | $8927446.83   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                     | Samsung Electronics Co Ltd                       | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    1856483 | NS      | $139749021.83 | 4.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Merida Industry Co Ltd                         | Merida Industry Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    1240000 | NS      | $4018603.58   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzlon Energy Ltd                              | Suzlon Energy Ltd                                | CUSIP: 000000000<br>LEI: 724500ZW9AZP283ZN723 | Long             | EC               | CORP              | IN        |   15206821 | NS      | $10154722.65  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| BFI Finance Indonesia Tbk PT                   | BFI Finance Indonesia Tbk PT                     | CUSIP: 000000000<br>LEI: 254900NOWNL3CGA4WS37 | Long             | EC               | CORP              | ID        |  128119600 | NS      | $6201820.69   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Archean Chemical Industries Lt                 | Archean Chemical Industries Ltd                  | CUSIP: 000000000<br>LEI: 335800SM3YUC83D34P94 | Long             | EC               | CORP              | IN        |     683637 | NS      | $5092217.07   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Renaissance Insurance Group JS                 | Renaissance Insurance Group JSC                  | CUSIP: 000000000<br>LEI: 2534004ERNZEU8P2HW17 | Long             | EC               | CORP              | RU        |    2495750 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Credicorp Ltd                                  | Credicorp Ltd                                    | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      87274 | NS      | $22778514.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                     | Bank Polska Kasa Opieki SA                       | CUSIP: 000000000<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     360637 | NS      | $18465257.75  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                 | ICICI Bank Ltd                                   | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    3781586 | NS      | $57300993.88  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Far EasTone Telecommunications                 | Far EasTone Telecommunications Co Ltd            | CUSIP: 000000000<br>LEI: 529900L7W7BWDLVZL253 | Long             | EC               | CORP              | TW        |     940000 | NS      | $2822961.39   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                   | Techtronic Industries Co Ltd                     | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     708500 | NS      | $8263954.10   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrent Pharmaceuticals Ltd                    | Torrent Pharmaceuticals Ltd                      | CUSIP: 000000000<br>LEI: 335800NA6HK275RIJE13 | Long             | EC               | CORP              | IN        |     404258 | NS      | $16212098.52  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                         | Kweichow Moutai Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      90351 | NS      | $18147965.01  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Life Insurance Co Ltd                      | SBI Life Insurance Co Ltd                        | CUSIP: 000000000<br>LEI: 335800WMVIESQUO95586 | Long             | EC               | CORP              | IN        |    1086977 | NS      | $23915766.52  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                      | Alibaba Group Holding Ltd                        | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |    6684324 | NS      | $142234053.45 | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Netweb Technologies India Ltd                  | Netweb Technologies India Ltd                    | CUSIP: 000000000<br>LEI: 335800OOUVFL1RE5GY79 | Long             | EC               | CORP              | IN        |     236821 | NS      | $10764333.19  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd                          | Elite Material Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     673000 | NS      | $29568727.64  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                        | Sea Ltd                                          | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      53668 | NS      | $8385625.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                       | ANTA Sports Products Ltd                         | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | CN        |    1455600 | NS      | $15193744.07  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceutical                 | Jiangsu Hengrui Pharmaceuticals Co Ltd           | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |    1524800 | NS      | $14777998.07  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd                                    | LG Chem Ltd                                      | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |      39925 | NS      | $11105067.77  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Map Aktif Adiperkasa PT                        | Map Aktif Adiperkasa PT                          | CUSIP: 000000000<br>LEI: 254900N3WK9AC24SVF17 | Long             | EC               | CORP              | ID        |  191173900 | NS      | $8027473.11   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Coforge Ltd                                    | Coforge Ltd                                      | CUSIP: 000000000<br>LEI: 3358004YL9JGBNP4KF72 | Long             | EC               | CORP              | IN        |     697637 | NS      | $13963129.70  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                       | Itau Unibanco Holding SA                         | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    3087490 | NS      | $22634151.92  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Clicks Group Ltd                               | Clicks Group Ltd                                 | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |     580581 | NS      | $12241541.16  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Jollibee Foods Corp                            | Jollibee Foods Corp                              | CUSIP: 000000000<br>LEI: 2138009XN3KTAAKUPR35 | Long             | EC               | CORP              | PH        |    2530750 | NS      | $9314536.11   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank/The                        | Saudi National Bank/The                          | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    2288059 | NS      | $24346224.09  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Co for Cooperative Insurance/T                 | Co for Cooperative Insurance/The                 | CUSIP: 000000000<br>LEI: 549300J2GTNKWJRJ8581 | Long             | EC               | CORP              | SA        |     191628 | NS      | $6959372.21   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings SA                  | Piraeus Financial Holdings SA                    | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    2958793 | NS      | $23108826.25  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp                                       | Kia Corp                                         | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     357282 | NS      | $29968322.29  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Nova Ljubljanska Banka dd                      | Nova Ljubljanska Banka dd                        | CUSIP: 66980N203<br>LEI: 5493001BABFV7P27OW30 | Long             | EC               | CORP              | SI        |     483077 | NS      | $19377303.04  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC P&C                                       | PICC Property & Casualty Co Ltd                  | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |   11314000 | NS      | $26729601.10  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                          | Delta Electronics Inc                            | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    1487000 | NS      | $47827678.62  | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Gold International Co Lt                 | Zijin Gold International Co Ltd                  | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |     639395 | NS      | $10812169.41  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Capital Ltd                               | Tata Capital Ltd                                 | CUSIP: 000000000<br>LEI: 335800TXSHN87ZZ57925 | Long             | EC               | CORP              | IN        |    2740607 | NS      | $10104630.40  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Rasan Information Technology C                 | Rasan Information Technology Co                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     385031 | NS      | $11309242.48  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| H World Group Ltd                              | H World Group Ltd                                | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | CN        |     317803 | NS      | $12267195.80  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JSHL                                           | Jiangsu Hengli Hydraulic Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    1364187 | NS      | $18398664.98  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd                              | Bajaj Finance Ltd                                | CUSIP: 000000000<br>LEI: 335800YTEXC3DO4Z6F68 | Long             | EC               | CORP              | IN        |    2587745 | NS      | $30392053.14  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co Ltd                                   | Lotes Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     405000 | NS      | $18057220.68  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                 | Chroma ATE Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     734000 | NS      | $19433895.85  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Electronics Inc                             | LG Electronics Inc                               | CUSIP: 000000000<br>LEI: 988400RMQFTGZIOG0609 | Long             | EC               | CORP              | KR        |     190104 | NS      | $11659691.46  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                       | Samsung Biologics Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      26088 | NS      | $22303767.52  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Lt                 | Apollo Hospitals Enterprise Ltd                  | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     233462 | NS      | $20204210.37  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Pop Mart International Group L                 | Pop Mart International Group Ltd                 | CUSIP: 000000000<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | CN        |     511400 | NS      | $14546839.16  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Almarai Co JSC                                 | Almarai Co JSC                                   | CUSIP: 000000000<br>LEI: 549300B4EDUXYD2G6098 | Long             | EC               | CORP              | SA        |     984177 | NS      | $13048424.04  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                                           | Contemporary Amperex Technology Co Ltd           | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     702071 | NS      | $38330820.07  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Aluminium Co Ltd                        | Yunnan Aluminium Co Ltd                          | CUSIP: 000000000<br>LEI: 3003008AXWSVMLG3MX37 | Long             | EC               | CORP              | CN        |    7464192 | NS      | $24075596.43  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                        | Sberbank of Russia PJSC                          | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    4327745 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GoTo Gojek Tokopedia Tbk PT                    | GoTo Gojek Tokopedia Tbk PT                      | CUSIP: 000000000<br>LEI: 254900MT2CH1Y5Y7OX69 | Long             | EC               | CORP              | ID        | 1152124800 | NS      | $4138976.96   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                    | China Merchants Bank Co Ltd                      | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    7692000 | NS      | $48217580.48  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Navin Fluorine International L                 | Navin Fluorine International Ltd                 | CUSIP: 000000000<br>LEI: 335800OVIUAAKYG44C59 | Long             | EC               | CORP              | IN        |     313351 | NS      | $20081508.02  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                   | MediaTek Inc                                     | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     957000 | NS      | $40585846.28  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                                  | OTP Bank Nyrt                                    | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     237653 | NS      | $22685268.64  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Nusantara Sejahtera Raya Tbk P                 | Nusantara Sejahtera Raya Tbk PT                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |     269300 | NS      | $1927.04      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 ONE WAM Ltd                                | 360 ONE WAM Ltd                                  | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |     653928 | NS      | $7958377.49   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                          | Aldar Properties PJSC                            | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    4521714 | NS      | $11078734.21  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                               | MercadoLibre Inc                                 | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      11099 | NS      | $25830258.74  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcopolo SA                                   | Marcopolo SA                                     | CUSIP: 000000000<br>LEI: 254900XL58LF2D2QUX37 | Long             | EP               | CORP              | BR        |    5930100 | NS      | $8696825.99   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                             | E Ink Holdings Inc                               | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |    2072000 | NS      | $14234469.88  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                           | Tencent Holdings Ltd                             | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    2668900 | NS      | $216788775.72 | 7.18%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings Inc                                | KE Holdings Inc                                  | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |     581789 | NS      | $9919502.45   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                    | Infosys Ltd                                      | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    1841911 | NS      | $30690092.60  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Cartrade Tech Ltd                              | Cartrade Tech Ltd                                | CUSIP: 000000000<br>LEI: 984500F5CDO5D86C1326 | Long             | EC               | CORP              | IN        |     325116 | NS      | $11048681.02  | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co Ltd                     | Sany Heavy Industry Co Ltd                       | CUSIP: 000000000<br>LEI: 3003001FS86S7NYOHV89 | Long             | EC               | CORP              | CN        |    2695800 | NS      | $8111112.34   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Heavy Industries Co Lt                 | Samsung Heavy Industries Co Ltd                  | CUSIP: 000000000<br>LEI: 988400OSK0T9LDTWNC20 | Long             | EC               | CORP              | KR        |     770070 | NS      | $15971622.04  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mao Geping Cosmetics Co LTD                    | Mao Geping Cosmetics Co LTD                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     703400 | NS      | $8124265.43   | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Info Edge India Ltd                            | Info Edge India Ltd                              | CUSIP: 000000000<br>LEI: 335800MXUVHTBF9DEC78 | Long             | EC               | CORP              | IN        |     837849 | NS      | $12999787.00  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS MOTOR COMPANY                              | TVS Motor Co Ltd                                 | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EP               | CORP              | IN        |    1716372 | NS      | $193347.73    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| NetEase Inc                                    | NetEase Inc                                      | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |    1247500 | NS      | $35005767.98  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd                          | Godrej Properties Ltd                            | CUSIP: 000000000<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |     764606 | NS      | $19687147.19  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Mutual Ltd                                 | Old Mutual Ltd                                   | CUSIP: 000000000<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |   19179507 | NS      | $14997491.69  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank Inc                                | BDO Unibank Inc                                  | CUSIP: 000000000<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |    4432886 | NS      | $10055909.62  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Grasim Industries Ltd                          | Grasim Industries Ltd                            | CUSIP: 000000000<br>LEI: 335800WLY7FOIT3ERV21 | Long             | EC               | CORP              | IN        |     527415 | NS      | $17166472.60  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd                                    | Eternal Ltd                                      | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |   11290645 | NS      | $40295397.87  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                     | Arca Continental SAB de CV                       | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    2209999 | NS      | $21404700.06  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| IsuPetasys Co Ltd                              | IsuPetasys Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     311307 | NS      | $24691149.05  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi Ve T                 | Aselsan Elektronik Sanayi Ve Ticaret AS          | CUSIP: 000000000<br>LEI: 7890008XT4M710MU8714 | Long             | EC               | CORP              | TR        |    3471017 | NS      | $16780778.77  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco del Bajio SA                             | Banco del Bajio SA                               | CUSIP: 000000000<br>LEI: 4469000001BD95FFLY16 | Long             | EC               | CORP              | MX        |    2921600 | NS      | $7480717.60   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN                                        | Ping An Insurance Group Co of China Ltd          | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     775500 | NS      | $5602469.06   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co Ltd                      | Montage Technology Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     776268 | NS      | $14857492.95  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                    | Abu Dhabi Islamic Bank PJSC                      | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    2181321 | NS      | $12534153.93  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                         | KB Financial Group Inc                           | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     577280 | NS      | $47125436.10  | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Computer Age Management Servic                 | Computer Age Management Services Ltd             | CUSIP: 000000000<br>LEI: 33580012MDHMBHWN5Z06 | Long             | EC               | CORP              | IN        |     373724 | NS      | $16574725.07  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd        | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    6965883 | NS      | $336867912.93 | 11.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                                 | Dino Polska SA                                   | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |    1257075 | NS      | $15014889.13  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Five-Star Business Finance Ltd                 | Five-Star Business Finance Ltd                   | CUSIP: 000000000<br>LEI: 335800SDB5FANSP25Z85 | Long             | EC               | CORP              | IN        |     701421 | NS      | $5155079.01   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| True Corp PCL                                  | True Corp PCL                                    | CUSIP: 000000000<br>LEI: 894500HQD71STX0DQK07 | Long             | EC               | CORP              | TH        |   35288600 | NS      | $12323598.72  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanofilm Technologies Internat                 | Nanofilm Technologies International Ltd          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    1889393 | NS      | $1007264.50   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                   | SK hynix Inc                                     | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     276931 | NS      | $107752053.35 | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Elm Co                                         | Elm Co                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      52967 | NS      | $13399499.11  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries                  | Sun Pharmaceutical Industries Ltd                | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |    1418839 | NS      | $27047119.39  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Jentech Precision Industrial C                 | Jentech Precision Industrial Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     228000 | NS      | $15633113.53  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                                        | Ping An Insurance Group Co of China Ltd          | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    5512500 | NS      | $39824127.30  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Roborock Technology Co                 | Beijing Roborock Technology Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     570904 | NS      | $13090683.50  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Rotem Co Ltd                           | Hyundai Rotem Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      99896 | NS      | $16161451.48  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consumer Products Ltd                     | Tata Consumer Products Ltd                       | CUSIP: 000000000<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |    1834601 | NS      | $24067355.42  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                  | Al Rajhi Bank                                    | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |    1067166 | NS      | $30162514.08  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nusantara Sejahtera Raya Tbk P                 | Nusantara Sejahtera Raya Tbk PT                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   15855200 | NS      | $113455.73    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co Ltd                           | Weichai Power Co Ltd                             | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |    1306000 | NS      | $2698587.72   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                                       | JUMBO SA                                         | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |     402794 | NS      | $12786293.09  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Mindray Bio-Medical E                 | Shenzhen Mindray Bio-Medical Electronics Co Ltd  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     389729 | NS      | $11765861.94  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                      | Zijin Mining Group Co Ltd                        | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    7990000 | NS      | $33054748.92  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund   | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   20911972 | NS      | $20911971.85  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NCSoft Corp                                    | NCSoft Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      70795 | NS      | $10927481.07  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-19

**Name of Applicant:** Goldman Sachs Trust

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer