# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0001752724-23-012719
**Filing Date:** 2023-1
**Character Count:** 442942
**Document Hash:** f91a36f604b775f32d17379b6b779ef2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012719.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012719

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23013
- **FILM NUMBER:** 23552167

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs MarketBeta U.S. Equity ETF (Series ID: S000066535)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000214556 | Goldman Sachs MarketBeta U.S. Equity ETF | GSUS            |

## Nport-Ex

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 96.7%** | **Common Stocks – 96.7%** | **Common Stocks – 96.7%** |
| **Australia – 0.0%** | **Australia – 0.0%** | **Australia – 0.0%** |
| 1138 | Yancoal Australia Ltd. (Energy)<sup>(a)</sup> | $4323 |
| **Brazil – 4.2%** | **Brazil – 4.2%** | **Brazil – 4.2%** |
| 21456 | Ambev SA (Consumer Staples) | 64954 |
| 3138 | Americanas SA (Consumer Discretionary) | 6301 |
| 2611 | Atacadao SA (Consumer Staples) | 7929 |
| 28792 | B3 SA – Brasil Bolsa Balcao (Financials) | 69697 |
| 7383 | Banco Bradesco SA (Financials) | 19318 |
| 7288 | Banco BTG Pactual SA (Financials) | 34882 |
| 4216 | Banco do Brasil SA (Financials) | 28284 |
| 1747 | Banco Santander Brasil SA (Financials) | 9189 |
| 3311 | BB Seguridade Participacoes SA (Financials) | 19720 |
| 3156 | BRF SA (Consumer Staples)\* | 5653 |
| 2521 | Caixa Seguridade Participacoes SA (Financials) | 3859 |
| 5434 | CCR SA (Industrials) | 12204 |
| 3441 | Centrais Eletricas Brasileiras SA (Utilities) | 31081 |
| 1656 | Cia de Saneamento Basico do Estado de Sao Paulo (Utilities) | 18985 |
| 1366 | Cia Energetica de Minas Gerais (Utilities) | 4694 |
| 2931 | Cia Siderurgica Nacional SA (Materials) | 8093 |
| 5857 | Cosan SA (Energy) | 20081 |
| 914 | CPFL Energia SA (Utilities) | 6066 |
| 2071 | CSN Mineracao SA (Materials) | 1524 |
| 359 | Diagnosticos da America SA (Health Care) | 1051 |
| 1447 | Energisa SA (Utilities) | 11917 |
| 6385 | Eneva SA (Utilities)\* | 14983 |
| 852 | Engie Brasil Energia SA (Utilities) | 6400 |
| 4663 | Equatorial Energia SA (Utilities) | 24429 |
| 22280 | Hapvida Participacoes e Investimentos SA (Health Care)<sup>(a)</sup> | 22031 |
| 1961 | Hypera SA (Health Care) | 16572 |
| 2193 | Itau Unibanco Holding SA (Financials) | 9391 |
| 3982 | Klabin SA (Materials) | 14917 |
| 3983 | Localiza Rent a Car SA (Industrials) | 45520 |
| 4834 | Lojas Renner SA (Consumer Discretionary) | 21280 |
| 14058 | Magazine Luiza SA (Consumer Discretionary)\* | 9116 |
| 1329 | Multiplan Empreendimentos Imobiliarios SA (Real Estate) | 5795 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Brazil – (continued)** | **Brazil – (continued)** | **Brazil – (continued)** |
| 4257 | Natura & Co. Holding SA (Consumer Staples) | $9479 |
| 958 | Neoenergia SA (Utilities) | 2891 |
| 9303 | NU Holdings Ltd., Class A (Financials)\* | 41398 |
| 980 | Pagseguro Digital Ltd., Class A (Information Technology)\* | 10319 |
| 3313 | Petro Rio SA (Energy)\* | 22711 |
| 17944 | Petroleo Brasileiro SA (Energy) | 103696 |
| 923 | Porto Seguro SA (Financials) | 4249 |
| 5620 | Raia Drogasil SA (Consumer Staples) | 24633 |
| 3855 | Rede D'Or Sao Luiz SA (Health Care)<sup>(a)</sup> | 22769 |
| 5968 | Rumo SA (Industrials) | 22084 |
| 3630 | Sendas Distribuidora SA (Consumer Staples) | 13840 |
| 1202 | StoneCo Ltd., Class A (Information Technology)\* | 14039 |
| 3832 | Suzano SA (Materials) | 38730 |
| 2055 | Telefonica Brasil SA (Communication Services) | 14869 |
| 3939 | TIM SA (Communication Services) | 9737 |
| 2438 | TOTVS SA (Information Technology) | 14307 |
| 3602 | Ultrapar Participacoes SA (Energy) | 9726 |
| 18430 | Vale SA (Materials) | 300379 |
| 5515 | Vibra Energia SA (Consumer Discretionary) | 17335 |
| 7342 | WEG SA (Industrials) | 54449 |
| 1487 | XP, Inc., Class A (Financials)\* | 26037 |
|  |  | 1353593 |
| **Chile – 0.4%** | **Chile – 0.4%** | **Chile – 0.4%** |
| 212110 | Banco de Chile (Financials) | 19939 |
| 332 | Banco de Credito e Inversiones SA (Financials) | 8933 |
| 303360 | Banco Santander Chile (Financials) | 11718 |
| 6313 | Cencosud SA (Consumer Staples) | 9326 |
| 614 | Cia Cervecerias Unidas SA (Consumer Staples) | 3696 |
| 83878 | Cia Sud Americana de Vapores SA (Industrials) | 6785 |
| 5175 | Empresas CMPC SA (Materials) | 8517 |
| 1932 | Empresas Copec SA (Energy) | 13417 |
| 96751 | Enel Americas SA (Utilities) | 12738 |
| 120992 | Enel Chile SA (Utilities) | 5467 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Chile – (continued)** | **Chile – (continued)** | **Chile – (continued)** |
| 3995 | Falabella SA (Consumer Discretionary) | $7087 |
| 2290 | Quinenco SA (Industrials) | 6886 |
|  |  | 114509 |
| **China – 28.2%** | **China – 28.2%** | **China – 28.2%** |
| 2300 | 360 Security Technology, Inc., Class A (Information Technology) | 2237 |
| 700 | 37 Interactive Entertainment Network Technology Group Co. Ltd., Class A (Communication Services) | 1747 |
| 200 | Advanced Micro-Fabrication Equipment Inc China, Class A (Information Technology)\* | 2778 |
| 400 | AECC Aero-Engine Control Co. Ltd., Class A (Industrials) | 1526 |
| 816 | AECC Aviation Power Co. Ltd., Class A (Industrials) | 5252 |
| 25954 | Agricultural Bank of China Ltd., Class A (Financials) | 10552 |
| 149766 | Agricultural Bank of China Ltd., Class H (Financials) | 49887 |
| 2089 | Aier Eye Hospital Group Co. Ltd., Class A (Health Care) | 7992 |
| 1953 | Air China Ltd., Class A (Industrials)\* | 2884 |
| 8307 | Air China Ltd., Class H (Industrials)\* | 6598 |
| 626 | Airtac International Group (Industrials) | 19141 |
| 9035 | Alibaba Group Holding Ltd. ADR (Consumer Discretionary)\* | 791105 |
| 4025 | Aluminum Corp. of China Ltd., Class A (Materials) | 2540 |
| 17357 | Aluminum Corp. of China Ltd., Class H (Materials) | 7271 |
| 200 | Amlogic Shanghai Co. Ltd., Class A (Information Technology)\* | 2132 |
| 1793 | Angang Steel Co. Ltd., Class A (Materials) | 701 |
| 7799 | Angang Steel Co. Ltd., Class H (Materials) | 2228 |
| 162 | Angel Yeast Co. Ltd., Class A (Consumer Staples) | 997 |
| 1200 | Anhui Conch Cement Co. Ltd., Class A (Materials) | 4843 |
| 5802 | Anhui Conch Cement Co. Ltd., Class H (Materials) | 20999 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 364 | Anhui Gujing Distillery Co. Ltd., Class A (Consumer Staples) | $12246 |
| 130 | Anhui Kouzi Distillery Co. Ltd., Class A (Consumer Staples) | 863 |
| 200 | Anhui Yingjia Distillery Co. Ltd., Class A (Consumer Staples) | 1350 |
| 100 | Anjoy Foods Group Co. Ltd., Class A (Consumer Staples) | 2231 |
| 5954 | ANTA Sports Products Ltd. (Consumer Discretionary) | 69338 |
| 300 | Apeloa Pharmaceutical Co. Ltd., Class A (Health Care) | 872 |
| 91 | Asymchem Laboratories Tianjin Co. Ltd., Class A (Health Care) | 1724 |
| 107 | Asymchem Laboratories Tianjin Co. Ltd., Class H (Health Care)<sup>(a)</sup> | 1295 |
| 349 | Autohome, Inc. ADR (Communication Services) | 10435 |
| 541 | Avary Holding Shenzhen Co. Ltd., Class A (Information Technology) | 2215 |
| 1256 | AVIC Electromechanical Systems Co. Ltd., Class A (Industrials) | 1965 |
| 2627 | AVIC Industry-Finance Holdings Co. Ltd., Class A (Financials) | 1265 |
| 1343 | Baidu, Inc. ADR (Communication Services)\* | 145850 |
| 6442 | Bank of Beijing Co. Ltd., Class A (Financials) | 3901 |
| 1104 | Bank of Chengdu Co. Ltd., Class A (Financials) | 2392 |
| 11977 | Bank of China Ltd., Class A (Financials) | 5326 |
| 404801 | Bank of China Ltd., Class H (Financials) | 143655 |
| 11844 | Bank of Communications Co. Ltd., Class A (Financials) | 7892 |
| 35636 | Bank of Communications Co. Ltd., Class H (Financials) | 20134 |
| 1739 | Bank of Hangzhou Co. Ltd., Class A (Financials) | 3246 |
| 4270 | Bank of Jiangsu Co. Ltd., Class A (Financials) | 4467 |
| 2940 | Bank of Nanjing Co. Ltd., Class A (Financials) | 4304 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 1914 | Bank of Ningbo Co. Ltd., Class A (Financials) | $8676 |
| 4260 | Bank of Shanghai Co. Ltd., Class A (Financials) | 3590 |
| 1948 | Bank of Zhengzhou Co. Ltd., Class A (Financials)\* | 682 |
| 6595 | Baoshan Iron & Steel Co. Ltd., Class A (Materials) | 5251 |
| 2500 | BBMG Corp., Class A (Materials) | 942 |
| 345 | BeiGene Ltd. ADR (Health Care)\* | 66105 |
| 1300 | Beijing Dabeinong Technology Group Co. Ltd., Class A (Consumer Staples)\* | 1710 |
| 100 | Beijing Easpring Material Technology Co. Ltd., Class A (Industrials) | 865 |
| 800 | Beijing Enlight Media Co. Ltd., Class A (Communication Services) | 935 |
| 2426 | Beijing Enterprises Holdings Ltd. (Utilities) | 7677 |
| 20271 | Beijing Enterprises Water Group Ltd. (Utilities) | 5376 |
| 200 | Beijing Kingsoft Office Software, Inc., Class A (Information Technology) | 7222 |
| 383 | Beijing New Building Materials PLC, Class A (Industrials) | 1419 |
| 700 | Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A (Materials) | 3250 |
| 900 | Beijing Originwater Technology Co. Ltd., Class A (Industrials) | 648 |
| 420 | Beijing Shiji Information Technology Co. Ltd., Class A (Information Technology) | 880 |
| 700 | Beijing Shougang Co. Ltd., Class A (Materials) | 398 |
| 468 | Beijing Tiantan Biological Products Corp. Ltd., Class A (Health Care) | 1465 |
| 400 | Beijing Tongrentang Co. Ltd., Class A (Health Care) | 2775 |
| 145 | Beijing United Information Technology Co. Ltd., Class A (Industrials) | 2111 |
| 145 | Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A (Health Care) | 3333 |
| 14400 | Beijing-Shanghai High Speed Railway Co. Ltd., Class A (Industrials) | 10022 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 100 | Bethel Automotive Safety Systems Co. Ltd., Class A (Consumer Discretionary) | $1198 |
| 100 | Betta Pharmaceuticals Co. Ltd., Class A (Health Care) | 714 |
| 165 | BGI Genomics Co. Ltd., Class A (Health Care) | 1398 |
| 1157 | Bilibili, Inc. ADR (Communication Services)\*<sup>(b)</sup> | 20086 |
| 200 | Bloomage Biotechnology Corp. Ltd., Class A (Health Care) | 3061 |
| 6189 | Blue Moon Group Holdings Ltd. (Consumer Staples)<sup>(a)</sup> | 4298 |
| 17484 | BOC Hong Kong Holdings Ltd. (Financials) | 55439 |
| 700 | BOC International China Co. Ltd., Class A (Financials) | 1113 |
| 11022 | BOE Technology Group Co. Ltd., Class A (Information Technology) | 5570 |
| 487 | BYD Co. Ltd., Class A (Consumer Discretionary) | 17842 |
| 4333 | BYD Co. Ltd., Class H (Consumer Discretionary) | 106306 |
| 554 | By-health Co. Ltd., Class A (Consumer Staples) | 1556 |
| 1304 | Caitong Securities Co. Ltd., Class A (Financials) | 1394 |
| 421 | CanSino Biologics, Inc., Class H (Health Care)<sup>(a)</sup> | 5364 |
| 1600 | CECEP Wind-Power Corp., Class A (Utilities) | 915 |
| 4300 | CGN Power Co. Ltd., Class A (Utilities) | 1669 |
| 50045 | CGN Power Co. Ltd., Class H (Utilities)<sup>(a)</sup> | 12118 |
| 100 | Changchun High & New Technology Industry Group, Inc., Class A (Health Care) | 2387 |
| 1588 | Changjiang Securities Co. Ltd., Class A (Financials) | 1260 |
| 100 | Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A (Consumer Discretionary) | 1863 |
| 519 | Chaozhou Three-Circle Group Co. Ltd., Class A (Information Technology) | 2211 |
| 300 | Chengxin Lithium Group Co. Ltd., Class A (Materials) | 1795 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 500 | Chifeng Jilong Gold Mining Co. Ltd., Class A (Materials)\* | $1391 |
| 800 | China Baoan Group Co. Ltd., Class A (Industrials) | 1479 |
| 12635 | China Bohai Bank Co. Ltd., Class H (Financials)<sup>(a)</sup> | 1829 |
| 44304 | China Cinda Asset Management Co. Ltd., Class H (Financials) | 5790 |
| 1728 | China CITIC Bank Corp. Ltd., Class A (Financials) | 1227 |
| 46780 | China CITIC Bank Corp. Ltd., Class H (Financials) | 20737 |
| 1239 | China Coal Energy Co. Ltd., Class A (Energy) | 1697 |
| 10202 | China Coal Energy Co. Ltd., Class H (Energy) | 9358 |
| 6992 | China Conch Venture Holdings Ltd. (Industrials) | 15891 |
| 2822 | China Construction Bank Corp., Class A (Financials) | 2227 |
| 451971 | China Construction Bank Corp., Class H (Financials) | 272729 |
| 1300 | China CSSC Holdings Ltd., Class A (Industrials) | 4605 |
| 2332 | China Eastern Airlines Corp. Ltd., Class A (Industrials)\* | 1761 |
| 10452 | China Eastern Airlines Corp. Ltd., Class H (Industrials)\* | 3883 |
| 9800 | China Energy Engineering Corp. Ltd. (Industrials) | 3390 |
| 37290 | China Energy Engineering Corp. Ltd., Class H (Industrials) | 4539 |
| 12273 | China Everbright Bank Co. Ltd., Class A (Financials) | 5181 |
| 35568 | China Everbright Bank Co. Ltd., Class H (Financials) | 10572 |
| 17102 | China Everbright Environment Group Ltd. (Industrials) | 7822 |
| 14770 | China Evergrande Group (Real Estate)\*<sup>(c)</sup> |  |
| 11416 | China Feihe Ltd. (Consumer Staples)<sup>(a)</sup> | 9258 |
| 1239 | China Galaxy Securities Co. Ltd., Class A (Financials) | 1735 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 17854 | China Galaxy Securities Co. Ltd., Class H (Financials) | $8829 |
| 700 | China Great Wall Securities Co. Ltd., Class A (Financials) | 862 |
| 909 | China Greatwall Technology Group Co. Ltd., Class A (Information Technology) | 1534 |
| 14093 | China Hongqiao Group Ltd. (Materials) | 13054 |
| 500 | China International Capital Corp. Ltd., Class A (Financials) | 2710 |
| 7509 | China International Capital Corp. Ltd., Class H (Financials)<sup>(a)</sup> | 13988 |
| 831 | China International Marine Containers Group Co. Ltd., Class A (Industrials) | 872 |
| 32443 | China Jinmao Holdings Group Ltd. (Real Estate) | 7606 |
| 1187 | China Jushi Co. Ltd., Class A (Materials) | 2406 |
| 4731 | China Lesso Group Holdings Ltd. (Industrials) | 5752 |
| 584 | China Life Insurance Co. Ltd., Class A (Financials) | 2980 |
| 36255 | China Life Insurance Co. Ltd., Class H (Financials) | 55087 |
| 1829 | China Literature Ltd. (Communication<br>Services)\*<sup>(a)</sup> | 6526 |
| 1500 | China Longyuan Power Group Corp. Ltd., Class A (Utilities) | 4182 |
| 16273 | China Longyuan Power Group Corp. Ltd., Class H (Utilities) | 19847 |
| 6041 | China Merchants Bank Co. Ltd., Class A (Financials) | 29815 |
| 20039 | China Merchants Bank Co. Ltd., Class H (Financials) | 100638 |
| 2400 | China Merchants Energy Shipping Co. Ltd., Class A (Energy) | 2226 |
| 700 | China Merchants Expressway Network & Technology Holdings Co. Ltd., Class A (Industrials) | 777 |
| 6336 | China Merchants Port Holdings Co. Ltd. (Industrials) | 9205 |
| 2194 | China Merchants Securities Co. Ltd., Class A (Financials) | 4181 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 1900 | China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A (Real Estate) | $4104 |
| 10400 | China Minsheng Banking Corp. Ltd., Class A (Financials) | 5168 |
| 35151 | China Minsheng Banking Corp. Ltd., Class H (Financials) | 12114 |
| 19103 | China National Building Material Co. Ltd., Class H (Materials) | 16789 |
| 1800 | China National Chemical Engineering Co. Ltd., Class A (Industrials) | 2140 |
| 5500 | China National Nuclear Power Co. Ltd., Class A (Utilities) | 4845 |
| 1076 | China Northern Rare Earth Group High-Tech Co. Ltd., Class A (Materials) | 3975 |
| 300 | China Oilfield Services Ltd., Class A (Energy) | 750 |
| 8824 | China Oilfield Services Ltd., Class H (Energy) | 11067 |
| 23410 | China Overseas Land & Investment Ltd. (Real Estate) | 63282 |
| 1939 | China Pacific Insurance Group Co. Ltd., Class A (Financials) | 6663 |
| 12638 | China Pacific Insurance Group Co. Ltd., Class H (Financials) | 28529 |
| 10283 | China Petroleum & Chemical Corp., Class A (Energy) | 6576 |
| 121121 | China Petroleum & Chemical Corp., Class H (Energy) | 56949 |
| 24256 | China Power International Development Ltd. (Utilities) | 9323 |
| 6026 | China Railway Group Ltd., Class A (Industrials) | 5002 |
| 19484 | China Railway Group Ltd., Class H (Industrials) | 10958 |
| 1851 | China Railway Signal & Communication Corp. Ltd., Class A (Information Technology) | 1228 |
| 300 | China Rare Earth Resources And Technology Co. Ltd., Class A (Materials)\* | 1388 |
| 6982 | China Resources Beer Holdings Co. Ltd. (Consumer Staples) | 47900 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 10707 | China Resources Cement Holdings Ltd. (Materials) | $5775 |
| 4340 | China Resources Gas Group Ltd. (Utilities) | 15291 |
| 14041 | China Resources Land Ltd. (Real Estate) | 64759 |
| 300 | China Resources Microelectronics Ltd., Class A (Information Technology) | 2249 |
| 2670 | China Resources Mixc Lifestyle Services Ltd. (Real Estate)<sup>(a)</sup> | 12639 |
| 7608 | China Resources Pharmaceutical Group Ltd. (Health Care)<sup>(a)</sup> | 6238 |
| 8657 | China Resources Power Holdings Co. Ltd. (Utilities) | 15949 |
| 300 | China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A (Health Care) | 2508 |
| 1934 | China Shenhua Energy Co. Ltd., Class A (Energy) | 8341 |
| 16456 | China Shenhua Energy Co. Ltd., Class H (Energy) | 50598 |
| 1207 | China Southern Airlines Co. Ltd., Class A (Industrials)\* | 1269 |
| 10200 | China Southern Airlines Co. Ltd., Class H (Industrials)\* | 6037 |
| 12300 | China State Construction Engineering Corp. Ltd., Class A (Industrials) | 10210 |
| 8601 | China State Construction International Holdings Ltd. (Industrials) | 10303 |
| 500 | China Suntien Green Energy Corp. Ltd., Class A (Energy) | 764 |
| 9174 | China Suntien Green Energy Corp. Ltd., Class H (Energy)<sup>(b)</sup> | 3796 |
| 6828 | China Taiping Insurance Holdings Co. Ltd. (Financials) | 6928 |
| 8400 | China Three Gorges Renewables Group Co. Ltd., Class A (Utilities) | 6878 |
| 522 | China Tourism Group Duty Free Corp. Ltd., Class A (Consumer Discretionary) | 14553 |
| 375 | China Tourism Group Duty Free Corp. Ltd., Class H (Consumer Discretionary)\*<sup>(a)</sup> | 9426 |
| 227351 | China Tower Corp. Ltd., Class H (Communication Services)<sup>(a)</sup> | 24467 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 9300 | China United Network Communications Ltd., Class A (Communication Services) | $5790 |
| 2912 | China Vanke Co. Ltd., Class A (Real Estate) | 7667 |
| 9289 | China Vanke Co. Ltd., Class H (Real Estate) | 19112 |
| 6693 | China Yangtze Power Co. Ltd., Class A (Utilities) | 20050 |
| 200 | China Zhenhua Group Science & Technology Co. Ltd., Class A (Information Technology) | 3223 |
| 5397 | China Zheshang Bank Co. Ltd., Class A (Financials)\* | 2248 |
| 181 | Chongqing Brewery Co. Ltd., Class A (Consumer Staples) | 2811 |
| 4313 | Chongqing Changan Automobile Co. Ltd., Class A (Consumer Discretionary) | 8189 |
| 2800 | Chongqing Rural Commercial Bank Co. Ltd., Class A (Financials) | 1431 |
| 11359 | Chongqing Rural Commercial Bank Co. Ltd., Class H (Financials) | 3798 |
| 430 | Chongqing Zhifei Biological Products Co. Ltd., Class A (Health Care) | 5491 |
| 31202 | CITIC Ltd. (Industrials) | 31940 |
| 200 | Citic Pacific Special Steel Group Co. Ltd., Class A (Materials) | 505 |
| 3560 | CITIC Securities Co. Ltd., Class A (Financials) | 9961 |
| 11119 | CITIC Securities Co. Ltd., Class H (Financials) | 22165 |
| 5548 | CMOC Group Ltd., Class A (Materials) | 3650 |
| 18364 | CMOC Group Ltd., Class H (Materials) | 8493 |
| 100 | CNGR Advanced Material Co. Ltd., Class A (Materials) | 1069 |
| 1100 | CNPC Capital Co. Ltd., Class A (Industrials) | 1079 |
| 726 | Contemporary Amperex Technology Co. Ltd., Class A (Industrials) | 39459 |
| 2900 | COSCO SHIPPING Development Co. Ltd., Class A (Industrials) | 1073 |
| 1100 | COSCO SHIPPING Energy Transportation Co. Ltd., Class A (Energy)\* | 2388 |
| 6312 | COSCO SHIPPING Energy Transportation Co. Ltd., Class H (Energy)\* | 5604 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 3741 | COSCO SHIPPING Holdings Co. Ltd., Class A (Industrials) | $6670 |
| 15357 | COSCO SHIPPING Holdings Co. Ltd., Class H (Industrials) | 16586 |
| 43500 | Country Garden Holdings Co. Ltd.<br>(Real Estate)<sup>(b)</sup> | 16775 |
| 9320 | Country Garden Services Holdings Co. Ltd. (Real Estate) | 22830 |
| 7400 | CRRC Corp. Ltd., Class A (Industrials) | 5599 |
| 22110 | CRRC Corp. Ltd., Class H (Industrials) | 9064 |
| 1100 | CSC Financial Co. Ltd., Class A (Financials) | 3815 |
| 4430 | CSC Financial Co. Ltd., Class H (Financials)<sup>(a)</sup> | 3905 |
| 10008 | Dali Foods Group Co. Ltd. (Consumer Staples)<sup>(a)</sup> | 4731 |
| 4400 | Daqin Railway Co. Ltd., Class A (Industrials) | 4255 |
| 224 | DaShenLin Pharmaceutical Group Co. Ltd., Class A (Consumer Staples) | 1335 |
| 1793 | Datang International Power Generation Co. Ltd., Class A (Utilities)\* | 757 |
| 15662 | Datang International Power Generation Co. Ltd., Class H (Utilities)\* | 2588 |
| 900 | DHC Software Co. Ltd., Class A (Information Technology) | 756 |
| 200 | Do-Fluoride New Materials Co. Ltd., Class A (Materials) | 1076 |
| 195 | Dong-E-E-Jiao Co. Ltd., Class A (Health Care) | 1066 |
| 744 | Dongfang Electric Corp. Ltd., Class A (Industrials) | 2538 |
| 1657 | Dongfang Electric Corp. Ltd., Class H (Industrials) | 2964 |
| 14005 | Dongfeng Motor Group Co. Ltd., Class H (Consumer Discretionary) | 7841 |
| 944 | Dongxing Securities Co. Ltd., Class A (Financials) | 1099 |
| 3791 | East Money Information Co. Ltd., Class A (Financials) | 9901 |
| 100 | Eastroc Beverage Group Co. Ltd., Class A (Consumer Staples) | 2414 |
| 100 | Ecovacs Robotics Co. Ltd., Class A (Consumer Discretionary) | 1017 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 3731 | ENN Energy Holdings Ltd. (Utilities) | $52341 |
| 900 | ENN Natural Gas Co. Ltd., Class A (Utilities) | 2363 |
| 593 | Eve Energy Co. Ltd., Class A (Industrials) | 6944 |
| 1168 | Everbright Securities Co. Ltd., Class A (Financials) | 2666 |
| 12467 | Evergrande Property Services Group Ltd. (Real Estate)\*<sup>(a)(c)</sup> |  |
| 1381 | Fangda Carbon New Material Co. Ltd., Class A (Industrials)\* | 1256 |
| 719 | FAW Jiefang Group Co. Ltd., Class A (Consumer Discretionary) | 821 |
| 1300 | First Capital Securities Co. Ltd., Class A (Financials) | 1101 |
| 344 | Flat Glass Group Co. Ltd., Class A (Information Technology) | 1709 |
| 2076 | Flat Glass Group Co. Ltd., Class H (Information Technology) | 5359 |
| 4243 | Focus Media Information Technology Co. Ltd., Class A (Communication Services) | 3588 |
| 1020 | Foshan Haitian Flavouring & Food Co. Ltd., Class A (Consumer Staples) | 10132 |
| 2347 | Founder Securities Co. Ltd., Class A (Financials) | 2246 |
| 2952 | Foxconn Industrial Internet Co. Ltd., Class A (Information Technology) | 3813 |
| 325 | Fujian Sunner Development Co. Ltd., Class A (Consumer Staples) | 1150 |
| 4489 | Full Truck Alliance Co. Ltd. ADR (Industrials)\* | 38291 |
| 584 | Fuyao Glass Industry Group Co. Ltd., Class A (Consumer Discretionary) | 3061 |
| 2956 | Fuyao Glass Industry Group Co. Ltd., Class H (Consumer Discretionary)<sup>(a)</sup> | 12914 |
| 200 | Gan & Lee Pharmaceuticals Co. Ltd., Class A (Health Care) | 963 |
| 520 | Ganfeng Lithium Group Co. Ltd., Class A (Materials) | 5946 |
| 1702 | Ganfeng Lithium Group Co. Ltd., Class H (Materials)<sup>(a)</sup> | 14784 |
| 5400 | GD Power Development Co. Ltd., Class A (Utilities)\* | 3453 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 875 | GDS Holdings Ltd. ADR (Information Technology)\*<sup>(b)</sup> | $13913 |
| 1400 | GEM Co. Ltd., Class A (Materials) | 1611 |
| 1263 | Gemdale Corp., Class A (Real Estate) | 2086 |
| 6202 | Genscript Biotech Corp. (Health Care)\* | 15701 |
| 1791 | GF Securities Co. Ltd., Class A (Financials) | 4048 |
| 6097 | GF Securities Co. Ltd., Class H (Financials) | 8842 |
| 182 | GigaDevice Semiconductor, Inc., Class A (Information Technology) | 2590 |
| 150 | Ginlong Technologies Co. Ltd., Class A (Industrials)\* | 4187 |
| 974 | GoerTek, Inc., Class A (Information Technology) | 2494 |
| 400 | Gotion High-tech Co. Ltd., Class A (Industrials) | 1807 |
| 684 | Great Wall Motor Co. Ltd., Class A (Consumer Discretionary) | 3088 |
| 14388 | Great Wall Motor Co. Ltd., Class H (Consumer Discretionary) | 20793 |
| 1600 | Gree Electric Appliances Inc of Zhuhai, Class A (Consumer Discretionary) | 7266 |
| 4099 | Greentown China Holdings Ltd. (Real Estate) | 6963 |
| 454 | Guangdong Haid Group Co. Ltd., Class A (Consumer Staples) | 3626 |
| 13661 | Guangdong Investment Ltd. (Utilities) | 12531 |
| 100 | Guangdong Kinlong Hardware Products Co. Ltd., Class A (Industrials) | 1467 |
| 2000 | Guanghui Energy Co. Ltd., Class A (Energy) | 3021 |
| 736 | Guangzhou Automobile Group Co. Ltd., Class A (Consumer Discretionary) | 1280 |
| 13763 | Guangzhou Automobile Group Co. Ltd., Class H (Consumer Discretionary) | 9804 |
| 390 | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A (Health Care) | 1614 |
| 1071 | Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H (Health Care) | 2861 |
| 100 | Guangzhou Great Power Energy & Technology Co. Ltd., Class A (Industrials) | 1076 |
| 181 | Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A (Health Care) | 1743 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 195 | Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A (Information Technology) | $1688 |
| 600 | Guangzhou Tinci Materials Technology Co. Ltd., Class A (Materials) | 3808 |
| 845 | Guangzhou Yuexiu Financial Holdings Group Co. Ltd., Class A (Financials) | 763 |
| 1433 | Guosen Securities Co. Ltd., Class A (Financials) | 1847 |
| 2148 | Guotai Junan Securities Co. Ltd., Class A (Financials) | 4242 |
| 4036 | Guotai Junan Securities Co. Ltd., Class H (Financials)<sup>(a)</sup> | 4700 |
| 1401 | Guoyuan Securities Co. Ltd., Class A (Financials) | 1375 |
| 713 | H World Group Ltd. ADR (Consumer Discretionary) | 27294 |
| 7099 | Haidilao International Holding Ltd. (Consumer Discretionary)\*<sup>(a)</sup> | 17389 |
| 1795 | Haier Smart Home Co. Ltd., Class A (Consumer Discretionary) | 6216 |
| 11160 | Haier Smart Home Co. Ltd., Class H (Consumer Discretionary) | 36602 |
| 2992 | Haitong Securities Co. Ltd., Class A (Financials) | 3776 |
| 13998 | Haitong Securities Co. Ltd., Class H (Financials) | 8608 |
| 253 | Han's Laser Technology Industry Group Co. Ltd., Class A (Industrials) | 948 |
| 900 | Hangzhou Binjiang Real Estate Group Co. Ltd., Class A (Real Estate) | 1423 |
| 200 | Hangzhou Chang Chuan Technology Co. Ltd., Class A (Information Technology) | 1628 |
| 411 | Hangzhou First Applied Material Co. Ltd., Class A (Information Technology) | 3487 |
| 200 | Hangzhou Lion Electronics Co. Ltd., Class A (Information Technology) | 1309 |
| 300 | Hangzhou Oxygen Plant Group Co. Ltd., Class A (Materials) | 1746 |
| 260 | Hangzhou Robam Appliances Co. Ltd., Class A (Consumer Discretionary) | 954 |
| 300 | Hangzhou Silan Microelectronics Co. Ltd., Class A (Information Technology) | 1550 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 215 | Hangzhou Tigermed Consulting Co. Ltd., Class A (Health Care) | $2689 |
| 600 | Hangzhou Tigermed Consulting Co. Ltd., Class H (Health Care)<sup>(a)</sup> | 5665 |
| 5224 | Hansoh Pharmaceutical Group Co. Ltd. (Health Care)<sup>(a)</sup> | 9878 |
| 200 | Haohua Chemical Science & Technology Co. Ltd., Class A (Materials) | 1170 |
| 700 | Henan Shenhuo Coal & Power Co. Ltd., Class A (Materials) | 1658 |
| 900 | Henan Shuanghui Investment & Development Co. Ltd., Class A (Consumer Staples) | 3209 |
| 2972 | Hengan International Group Co. Ltd. (Consumer Staples) | 13688 |
| 500 | Hengdian Group DMEGC Magnetics Co. Ltd., Class A (Information Technology) | 1379 |
| 1799 | Hengli Petrochemical Co. Ltd., Class A (Materials) | 4267 |
| 700 | Hengtong Optic-electric Co. Ltd., Class A (Information Technology) | 1621 |
| 1297 | Hengyi Petrochemical Co. Ltd., Class A (Materials) | 1313 |
| 3946 | Hesteel Co. Ltd., Class A (Materials) | 1359 |
| 130 | Hithink RoyalFlush Information Network Co. Ltd., Class A (Financials) | 1846 |
| 180 | Hongfa Technology Co. Ltd., Class A (Industrials) | 882 |
| 200 | Hoshine Silicon Industry Co. Ltd., Class A (Materials) | 2524 |
| 3697 | Hua Hong Semiconductor Ltd. (Information Technology)\*<sup>(a)</sup> | 12741 |
| 1967 | Huadian Power International Corp. Ltd., Class A (Utilities) | 1638 |
| 8562 | Huadian Power International Corp. Ltd., Class H (Utilities) | 3302 |
| 519 | Huadong Medicine Co. Ltd., Class A (Health Care) | 3020 |
| 1200 | Huafon Chemical Co. Ltd., Class A (Materials) | 1228 |
| 700 | Huaibei Mining Holdings Co. Ltd., Class A (Materials) | 1420 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 619 | Hualan Biological Engineering, Inc., Class A (Health Care) | $1788 |
| 1493 | Huaneng Lancang River Hydropower, Inc., Class A (Utilities) | 1423 |
| 2177 | Huaneng Power International, Inc., Class A (Utilities)\* | 2382 |
| 18682 | Huaneng Power International, Inc., Class H (Utilities)\* | 8616 |
| 2300 | Huatai Securities Co. Ltd., Class A (Financials) | 4244 |
| 6204 | Huatai Securities Co. Ltd., Class H<br>(Financials)<sup>(a)</sup> | 7161 |
| 879 | Huaxi Securities Co. Ltd., Class A (Financials) | 1059 |
| 3759 | Huaxia Bank Co. Ltd., Class A (Financials) | 2781 |
| 400 | Huaxin Cement Co. Ltd., Class A (Materials) | 876 |
| 901 | Huayu Automotive Systems Co. Ltd., Class A (Consumer Discretionary) | 2348 |
| 1200 | Hubei Energy Group Co. Ltd., Class A (Utilities) | 752 |
| 300 | Hubei Xingfa Chemicals Group Co. Ltd., Class A (Materials) | 1297 |
| 200 | Huizhou Desay Sv Automotive Co. Ltd., Class A (Consumer Discretionary) | 3106 |
| 400 | Humanwell Healthcare Group Co. Ltd., Class A (Health Care) | 1268 |
| 2200 | Hunan Valin Steel Co. Ltd., Class A (Materials) | 1491 |
| 560 | Hundsun Technologies, Inc., Class A (Information Technology) | 3159 |
| 698 | Iflytek Co. Ltd., Class A (Information Technology) | 3178 |
| 100 | Imeik Technology Development Co. Ltd., Class A (Health Care) | 6771 |
| 18818 | Industrial & Commercial Bank of China Ltd., Class A (Financials) | 11423 |
| 380668 | Industrial & Commercial Bank of China Ltd., Class H (Financials) | 190688 |
| 6180 | Industrial Bank Co. Ltd., Class A (Financials) | 15442 |
| 1977 | Industrial Securities Co. Ltd., Class A (Financials)\* | 1697 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 100 | Ingenic Semiconductor Co. Ltd., Class A (Information Technology) | $1114 |
| 13346 | Inner Mongolia BaoTou Steel Union Co. Ltd., Class A (Materials) | 3749 |
| 1420 | Inner Mongolia ERDOS Resources Co. Ltd., Class A (Materials) | 3242 |
| 2467 | Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A (Materials) | 1463 |
| 1834 | Inner Mongolia Yili Industrial Group Co. Ltd., Class A (Consumer Staples) | 7470 |
| 6324 | Inner Mongolia Yitai Coal Co. Ltd., Class H (Energy) | 8961 |
| 1100 | Inner Mongolia Yuan Xing Energy Co. Ltd., Class A (Materials) | 1261 |
| 4140 | Innovent Biologics, Inc. (Health Care)\*<sup>(a)</sup> | 16257 |
| 400 | Inspur Electronic Information Industry Co. Ltd., Class A (Information Technology) | 1254 |
| 1464 | iQIYI, Inc. ADR (Communication Services)\* | 4348 |
| 706 | JA Solar Technology Co. Ltd., Class A (Information Technology) | 5801 |
| 215 | Jafron Biomedical Co. Ltd., Class A (Health Care) | 961 |
| 260 | Jason Furniture Hangzhou Co. Ltd., Class A (Consumer Discretionary) | 1321 |
| 500 | JCET Group Co. Ltd., Class A (Information Technology) | 1765 |
| 2303 | JD Health International, Inc. (Consumer Discretionary)\*<sup>(a)</sup> | 20093 |
| 8456 | JD Logistics, Inc. (Industrials)\*<sup>(a)</sup> | 15123 |
| 5661 | JD.com, Inc. ADR (Consumer Discretionary) | 323696 |
| 1200 | Jiangsu Eastern Shenghong Co. Ltd., Class A (Materials) | 2250 |
| 300 | Jiangsu Expressway Co. Ltd., Class A (Industrials) | 340 |
| 5954 | Jiangsu Expressway Co. Ltd., Class H (Industrials) | 5370 |
| 392 | Jiangsu Hengli Hydraulic Co. Ltd., Class A (Industrials) | 3640 |
| 1900 | Jiangsu Hengrui Medicine Co. Ltd., Class A (Health Care) | 10683 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 325 | Jiangsu King's Luck Brewery JSC Ltd., Class A (Consumer Staples) | $1926 |
| 460 | Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A (Consumer Staples) | 9181 |
| 100 | Jiangsu Yangnong Chemical Co. Ltd., Class A (Materials) | 1494 |
| 260 | Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A (Health Care) | 1349 |
| 900 | Jiangsu Zhongtian Technology Co. Ltd., Class A (Industrials) | 2121 |
| 684 | Jiangxi Copper Co. Ltd., Class A (Materials) | 1678 |
| 5472 | Jiangxi Copper Co. Ltd., Class H (Materials) | 7922 |
| 500 | Jiangxi Special Electric Motor Co. Ltd., Class A (Industrials)\* | 1435 |
| 100 | JiuGui Liquor Co. Ltd., Class A (Consumer Staples) | 1674 |
| 140 | Joinn Laboratories China Co. Ltd., Class A (Health Care) | 1149 |
| 303 | Joinn Laboratories China Co. Ltd., Class H (Health Care)<sup>(a)</sup> | 1403 |
| 600 | Jointown Pharmaceutical Group Co. Ltd., Class A (Health Care) | 1143 |
| 200 | Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A (Consumer Staples) | 1043 |
| 200 | Juewei Food Co. Ltd., Class A (Consumer Staples) | 1615 |
| 600 | Juneyao Airlines Co. Ltd., Class A (Industrials)\* | 1332 |
| 1071 | Kanzhun Ltd. ADR (Communication Services)\* | 20156 |
| 2946 | KE Holdings, Inc. ADR (Real Estate)\* | 49846 |
| 600 | Keda Industrial Group Co. Ltd. (Industrials) | 1354 |
| 13567 | Kingdee International Software Group Co. Ltd. (Information Technology)\* | 22387 |
| 800 | Kingfa Sci & Tech Co. Ltd., Class A (Materials) | 1136 |
| 4127 | Kingsoft Corp. Ltd. (Communication Services) | 12954 |
| 4396 | Kuaishou Technology (Communication Services)\*<sup>(a)</sup> | 31849 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 668 | Kuang-Chi Technologies Co. Ltd., Class A (Industrials)\* | $1654 |
| 17896 | Kunlun Energy Co. Ltd. (Utilities) | 13756 |
| 414 | Kweichow Moutai Co. Ltd., Class A (Consumer Staples) | 93454 |
| 719 | LB Group Co. Ltd., Class A (Materials) | 1815 |
| 34222 | Lenovo Group Ltd. (Information Technology) | 28849 |
| 1478 | Lens Technology Co. Ltd., Class A (Information Technology) | 2218 |
| 600 | Lepu Medical Technology Beijing Co. Ltd., Class A (Health Care) | 1919 |
| 200 | Levima Advanced Materials Corp., Class A (Materials) | 851 |
| 2704 | Li Auto, Inc. ADR (Consumer Discretionary)\* | 59488 |
| 11415 | Li Ning Co. Ltd. (Consumer Discretionary) | 89574 |
| 5500 | Liaoning Port Co. Ltd., Class A (Industrials) | 1273 |
| 2000 | Lingyi iTech Guangdong Co., Class A (Information Technology)\* | 1389 |
| 130 | Livzon Pharmaceutical Group, Inc., Class A (Health Care) | 694 |
| 10005 | Longfor Group Holdings Ltd. (Real Estate)<sup>(a)(b)</sup> | 30186 |
| 2175 | LONGi Green Energy Technology Co. Ltd., Class A (Information Technology) | 14057 |
| 11234 | Lufax Holding Ltd. ADR (Financials) | 20895 |
| 600 | Luxi Chemical Group Co. Ltd., Class A (Materials) | 1122 |
| 2080 | Luxshare Precision Industry Co. Ltd., Class A (Information Technology) | 9076 |
| 393 | Luzhou Laojiao Co. Ltd., Class A (Consumer Staples) | 10320 |
| 554 | Mango Excellent Media Co. Ltd., Class A (Communication Services) | 1969 |
| 160 | Maxscend Microelectronics Co. Ltd., Class A (Information Technology) | 2600 |
| 1200 | Meinian Onehealth Healthcare Holdings Co. Ltd., Class A (Health Care)\* | 903 |
| 20637 | Meituan, Class B (Consumer Discretionary)\*<sup>(a)</sup> | 432543 |
| 5518 | Metallurgical Corp. of China Ltd., Class A (Industrials) | 2594 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 13988 | Metallurgical Corp. of China Ltd., Class H (Industrials) | $3136 |
| 3224 | Microport Scientific Corp. (Health Care)\* | 7550 |
| 600 | Ming Yang Smart Energy Group Ltd., Class A (Industrials) | 2268 |
| 300 | Montage Technology Co. Ltd., Class A (Information Technology) | 2850 |
| 1514 | Muyuan Foods Co. Ltd., Class A (Consumer Staples) | 10274 |
| 390 | Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A (Health Care) | 966 |
| 1100 | Nanjing Securities Co. Ltd., Class A (Financials) | 1325 |
| 1954 | NARI Technology Co. Ltd., Class A (Industrials) | 7329 |
| 800 | National Silicon Industry Group Co. Ltd., Class A (Information Technology)\* | 2175 |
| 130 | NAURA Technology Group Co. Ltd., Class A (Information Technology) | 4091 |
| 700 | NavInfo Co. Ltd., Class A (Information Technology) | 1164 |
| 1830 | NetEase, Inc. ADR (Communication Services) | 130150 |
| 619 | New China Life Insurance Co. Ltd., Class A (Financials) | 2506 |
| 4674 | New China Life Insurance Co. Ltd., Class H (Financials) | 10910 |
| 1400 | New Hope Liuhe Co. Ltd., Class A (Consumer Staples)\* | 2692 |
| 744 | New Oriental Education & Technology Group, Inc. ADR (Consumer Discretionary)\* | 21383 |
| 425 | Ninestar Corp., Class A (Information Technology) | 3242 |
| 100 | Ningbo Deye Technology Co. Ltd., Class A (Industrials) | 5125 |
| 200 | Ningbo Orient Wires & Cables Co. Ltd., Class A (Industrials) | 2004 |
| 200 | Ningbo Ronbay New Energy Technology Co. Ltd., Class A (Industrials) | 2180 |
| 600 | Ningbo Shanshan Co. Ltd., Class A (Materials) | 1631 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 344 | Ningbo Tuopu Group Co. Ltd., Class A (Consumer Discretionary) | $3278 |
| 5288 | Ningbo Zhoushan Port Co. Ltd., Class A (Industrials) | 2762 |
| 1450 | Ningxia Baofeng Energy Group Co. Ltd., Class A (Materials) | 2706 |
| 7264 | NIO, Inc. ADR (Consumer Discretionary)\* | 92834 |
| 8614 | Nongfu Spring Co. Ltd., Class H (Consumer Staples)<sup>(a)</sup> | 49772 |
| 600 | Offcn Education Technology Co. Ltd., Class A (Consumer Discretionary)\* | 419 |
| 900 | OFILM Group Co. Ltd., Class A (Information Technology)\* | 648 |
| 91 | Oppein Home Group, Inc., Class A (Consumer Discretionary) | 1400 |
| 1817 | Orient Securities Co. Ltd., Class A (Financials) | 2291 |
| 4477 | Orient Securities Co. Ltd., Class H<br>(Financials)<sup>(a)</sup> | 2139 |
| 200 | Ovctek China, Inc., Class A (Health Care) | 889 |
| 2700 | Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A (Materials)\* | 2062 |
| 2300 | People's Insurance Co. Group of China Ltd. (The), Class A (Financials) | 1760 |
| 42797 | People's Insurance Co. Group of China Ltd. (The), Class H (Financials) | 14365 |
| 600 | Perfect World Co. Ltd., Class A (Communication Services) | 1151 |
| 12972 | PetroChina Co. Ltd., Class A (Energy) | 9596 |
| 102799 | PetroChina Co. Ltd., Class H (Energy) | 46622 |
| 247 | Pharmaron Beijing Co. Ltd., Class A (Health Care) | 2236 |
| 880 | Pharmaron Beijing Co. Ltd., Class H (Health Care)<sup>(a)</sup> | 5006 |
| 33837 | PICC Property & Casualty Co. Ltd., Class H (Financials) | 34073 |
| 2476 | Pinduoduo, Inc. ADR (Consumer Discretionary)\* | 203131 |
| 5713 | Ping An Bank Co. Ltd., Class A (Financials) | 10509 |
| 3200 | Ping An Insurance Group Co. of China Ltd., Class A (Financials) | 20306 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 30243 | Ping An Insurance Group Co. of China Ltd., Class H (Financials) | $185011 |
| 700 | Pingdingshan Tianan Coal Mining Co. Ltd., Class A (Energy) | 1217 |
| 3500 | Poly Developments and Holdings Group Co. Ltd., Class A (Real Estate) | 8227 |
| 709 | Poly Property Services Co. Ltd., Class H (Real Estate) | 4178 |
| 1000 | Pop Mart International Group Ltd. (Consumer Discretionary)<sup>(a)</sup> | 2222 |
| 8106 | Postal Savings Bank of China Co. Ltd., Class A (Financials) | 5104 |
| 62816 | Postal Savings Bank of China Co. Ltd., Class H (Financials)<sup>(a)</sup> | 37663 |
| 4520 | Power Construction Corp. of China Ltd., Class A (Industrials) | 4875 |
| 1600 | Qinghai Salt Lake Industry Co. Ltd., Class A (Materials)\* | 5712 |
| 200 | Raytron Technology Co. Ltd., Class A (Information Technology) | 1144 |
| 286 | Red Star Macalline Group Corp. Ltd., Class A (Real Estate) | 195 |
| 532 | Remegen Co. Ltd., Class H (Health Care)\*<sup>(a)</sup> | 3370 |
| 100 | Rockchip Electronics Co. Ltd., Class A (Information Technology) | 1091 |
| 2872 | Rongsheng Petrochemical Co. Ltd., Class A (Materials) | 5023 |
| 2203 | SAIC Motor Corp. Ltd., Class A (Consumer Discretionary) | 4721 |
| 165 | Sangfor Technologies, Inc., Class A (Information Technology) | 2614 |
| 2479 | Sany Heavy Industry Co. Ltd., Class A (Industrials) | 5568 |
| 782 | Satellite Chemical Co. Ltd., Class A (Materials) | 1606 |
| 1906 | SDIC Power Holdings Co. Ltd., Class A (Utilities) | 2960 |
| 634 | Seazen Holdings Co. Ltd., Class A (Real Estate)\* | 2039 |
| 1444 | SF Holding Co. Ltd., Class A (Industrials) | 10804 |
| 150 | SG Micro Corp., Class A (Information Technology) | 3748 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 2762 | Shaanxi Coal Industry Co. Ltd., Class A (Energy) | $7865 |
| 700 | Shan Xi Hua Yang Group New Energy Co. Ltd., Class A (Energy) | 1669 |
| 1100 | Shandong Gold Mining Co. Ltd., Class A (Materials) | 3176 |
| 3718 | Shandong Gold Mining Co. Ltd., Class H (Materials)<sup>(a)</sup> | 7259 |
| 620 | Shandong Hualu Hengsheng Chemical Co. Ltd., Class A (Materials) | 2916 |
| 400 | Shandong Linglong Tyre Co. Ltd., Class A (Consumer Discretionary) | 1134 |
| 3700 | Shandong Nanshan Aluminum Co. Ltd., Class A (Materials) | 1828 |
| 11796 | Shandong Weigao Group Medical Polymer Co. Ltd., Class H (Health Care) | 17138 |
| 196 | Shanghai Bairun Investment Holding Group Co. Ltd., Class A (Consumer Staples) | 1004 |
| 1719 | Shanghai Baosight Software Co. Ltd., Class A (Information Technology) | 9557 |
| 3367 | Shanghai Electric Group Co. Ltd., Class A (Industrials)\* | 2015 |
| 14027 | Shanghai Electric Group Co. Ltd., Class H (Industrials)\* | 3289 |
| 584 | Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A (Health Care) | 3059 |
| 2309 | Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H (Health Care) | 7632 |
| 1319 | Shanghai Fudan Microelectronics Group Co. Ltd., Class H (Information Technology) | 6159 |
| 700 | Shanghai International Airport Co. Ltd., Class A (Industrials)\* | 5483 |
| 2232 | Shanghai International Port Group Co. Ltd., Class A (Industrials) | 1717 |
| 300 | Shanghai Jinjiang International Hotels Co. Ltd., Class A (Consumer Discretionary) | 2351 |
| 200 | Shanghai Junshi Biosciences Co. Ltd., Class A (Health Care)\* | 1866 |
| 765 | Shanghai Junshi Biosciences Co. Ltd., Class H (Health Care)\*<sup>(a)</sup> | 3381 |
| 712 | Shanghai Lingang Holdings Corp. Ltd., Class A (Real Estate) | 1270 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 3484 | Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class A (Real Estate) | $4992 |
| 260 | Shanghai M&G Stationery, Inc., Class A (Industrials) | 1754 |
| 1139 | Shanghai MicroPort MedBot Group Co. Ltd. (Health Care)\* | 4363 |
| 684 | Shanghai Pharmaceuticals Holding Co. Ltd., Class A (Health Care) | 1868 |
| 3403 | Shanghai Pharmaceuticals Holding Co. Ltd., Class H (Health Care) | 5642 |
| 8585 | Shanghai Pudong Development Bank Co. Ltd., Class A (Financials) | 8750 |
| 426 | Shanghai Putailai New Energy Technology Co. Ltd., Class A (Materials) | 3338 |
| 2200 | Shanghai RAAS Blood Products Co. Ltd., Class A (Health Care) | 1721 |
| 2800 | Shanghai Rural Commercial Bank Co. Ltd., Class A (Financials) | 2336 |
| 1368 | Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A (Consumer Discretionary) | 1406 |
| 1200 | Shanxi Coking Coal Energy Group Co. Ltd., Class A (Energy) | 2229 |
| 900 | Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A (Energy) | 2423 |
| 1304 | Shanxi Meijin Energy Co. Ltd., Class A (Materials) | 1810 |
| 1653 | Shanxi Taigang Stainless Steel Co. Ltd., Class A (Materials) | 1052 |
| 373 | Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A (Consumer Staples) | 13483 |
| 700 | Shengyi Technology Co. Ltd., Class A (Information Technology) | 1491 |
| 100 | Shennan Circuits Co. Ltd., Class A (Information Technology) | 1066 |
| 6167 | Shenwan Hongyuan Group Co. Ltd., Class A (Financials) | 3596 |
| 180 | Shenzhen Capchem Technology Co. Ltd., Class A (Materials) | 1010 |
| 100 | Shenzhen Dynanonic Co. Ltd., Class A (Materials) | 3193 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 1100 | Shenzhen Energy Group Co. Ltd., Class A (Utilities) | $955 |
| 200 | Shenzhen Hepalink Pharmaceutical Group Co. Ltd., Class A (Health Care) | 387 |
| 736 | Shenzhen Inovance Technology Co. Ltd., Class A (Industrials) | 7300 |
| 312 | Shenzhen Kangtai Biological Products Co. Ltd., Class A (Health Care) | 1515 |
| 100 | Shenzhen Kedali Industry Co. Ltd., Class A (Consumer Discretionary) | 1360 |
| 360 | Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A (Health Care) | 16497 |
| 2703 | Shenzhen Overseas Chinese Town Co. Ltd., Class A (Consumer Discretionary) | 2232 |
| 100 | Shenzhen SC New Energy Technology Corp., Class A (Information Technology) | 1814 |
| 200 | Shenzhen Transsion Holdings Co. Ltd., Class A (Information Technology) | 2195 |
| 3885 | Shenzhou International Group Holdings Ltd. (Consumer Discretionary) | 34667 |
| 500 | Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A (Health Care) | 3169 |
| 894 | Sichuan Chuantou Energy Co. Ltd., Class A (Utilities) | 1506 |
| 390 | Sichuan Kelun Pharmaceutical Co. Ltd., Class A (Health Care) | 1298 |
| 1300 | Sichuan Road and Bridge Group Co. Ltd., Class A (Industrials) | 2153 |
| 100 | Sichuan Swellfun Co. Ltd., Class A (Consumer Staples) | 885 |
| 300 | Sichuan Yahua Industrial Group Co. Ltd., Class A (Materials) | 1158 |
| 1109 | Sinolink Securities Co. Ltd., Class A (Financials) | 1415 |
| 400 | Sinoma Science & Technology Co. Ltd., Class A (Materials) | 1315 |
| 100 | Sinomine Resource Group Co. Ltd., Class A (Materials) | 1098 |
| 1923 | Sinopec Oilfield Service Corp., Class A (Energy)\* | 543 |
| 1700 | Sinopec Shanghai Petrochemical Co. Ltd., Class A (Materials) | 790 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 17575 | Sinopec Shanghai Petrochemical Co. Ltd., Class H (Materials) | $2882 |
| 6580 | Sinopharm Group Co. Ltd., Class H (Health Care) | 15545 |
| 1134 | Sinotrans Ltd., Class A (Industrials) | 640 |
| 9287 | Sinotrans Ltd., Class H (Industrials) | 2975 |
| 3229 | Sinotruk Hong Kong Ltd. (Industrials) | 4186 |
| 100 | Skshu Paint Co. Ltd., Class A (Materials)\* | 1700 |
| 5424 | Smoore International Holdings Ltd. (Consumer Staples)<sup>(a)(b)</sup> | 8297 |
| 800 | Songcheng Performance Development Co. Ltd., Class A (Consumer Discretionary) | 1603 |
| 1368 | SooChow Securities Co. Ltd., Class A (Financials) | 1334 |
| 100 | StarPower Semiconductor Ltd., Class A (Information Technology) | 4772 |
| 11569 | Sunac China Holdings Ltd. (Real Estate)\*<sup>(c)</sup> | 3394 |
| 400 | Sungrow Power Supply Co. Ltd., Class A (Industrials) | 6494 |
| 3288 | Sunny Optical Technology Group Co. Ltd. (Information Technology) | 38291 |
| 406 | Sunwoda Electronic Co. Ltd., Class A (Industrials) | 1387 |
| 400 | Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A (Information Technology) | 1463 |
| 100 | Suzhou Maxwell Technologies Co. Ltd., Class A (Industrials) | 6070 |
| 200 | Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A (Materials) | 1719 |
| 700 | Tangshan Jidong Cement Co. Ltd., Class A (Materials) | 860 |
| 1104 | TBEA Co. Ltd., Class A (Industrials) | 3351 |
| 4069 | TCL Technology Group Corp., Class A (Consumer Discretionary) | 2309 |
| 944 | TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A (Information Technology) | 5540 |
| 29535 | Tencent Holdings Ltd. (Communication Services) | 1086728 |
| 4080 | Tencent Music Entertainment Group, 02/28/23 ADR (Communication Services)\* | 28601 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 100 | Thunder Software Technology Co. Ltd., Class A (Information Technology) | $1616 |
| 684 | Tianma Microelectronics Co. Ltd., Class A (Information Technology) | 885 |
| 400 | Tianqi Lithium Corp., Class A (Materials)\* | 5090 |
| 508 | Tianqi Lithium Corp., Class H (Materials)\* | 4230 |
| 1400 | Tianshan Aluminum Group Co. Ltd., Class A (Materials) | 1413 |
| 8980 | Tingyi Cayman Islands Holding Corp. (Consumer Staples) | 14680 |
| 254 | Toly Bread Co. Ltd., Class A (Consumer Staples) | 469 |
| 5364 | Tongcheng Travel Holdings Ltd. (Consumer Discretionary)\* | 11463 |
| 700 | Tongkun Group Co. Ltd., Class A (Materials) | 1400 |
| 3300 | Tongling Nonferrous Metals Group Co. Ltd., Class A (Materials) | 1365 |
| 1309 | Tongwei Co. Ltd., Class A (Consumer Staples) | 8005 |
| 65 | Topchoice Medical Corp., Class A (Health Care)\* | 1161 |
| 11844 | Topsports International Holdings Ltd., 02/28/23 (Consumer Discretionary)<sup>(a)</sup> | 7541 |
| 4716 | TravelSky Technology Ltd., Class H (Information Technology) | 9486 |
| 600 | Trina Solar Co. Ltd., Class A (Information Technology) | 5463 |
| 3127 | Trip.com Group Ltd., 02/28/23 ADR (Consumer Discretionary)\* | 99908 |
| 195 | Tsingtao Brewery Co. Ltd., Class A, 02/28/23 (Consumer Staples) | 2789 |
| 3191 | Tsingtao Brewery Co. Ltd., Class H, 02/28/23 (Consumer Staples) | 29803 |
| 226 | Unigroup Guoxin Microelectronics Co. Ltd., Class A (Information Technology) | 4195 |
| 5813 | Uni-President China Holdings Ltd., 02/28/23 (Consumer Staples) | 5094 |
| 800 | Unisplendour Corp. Ltd., Class A (Information Technology) | 2132 |
| 300 | Universal Scientific Industrial Shanghai Co. Ltd., Class A (Information Technology) | 751 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 2667 | Vipshop Holdings Ltd., 02/28/23 ADR (Consumer Discretionary)\* | $29737 |
| 454 | Walvax Biotechnology Co. Ltd., Class A (Health Care) | 2709 |
| 943 | Wanhua Chemical Group Co. Ltd., Class A (Materials) | 11915 |
| 20958 | Want Want China Holdings Ltd. (Consumer Staples) | 14231 |
| 383 | Weibo Corp. ADR (Communication Services)\* | 6105 |
| 2112 | Weichai Power Co. Ltd., Class A (Industrials) | 3199 |
| 9467 | Weichai Power Co. Ltd., Class H (Industrials) | 12517 |
| 200 | Weihai Guangwei Composites Co. Ltd., Class A (Materials) | 2007 |
| 2000 | Wens Foodstuffs Group Co. Ltd., Class A (Consumer Staples) | 5071 |
| 700 | Western Mining Co. Ltd., Class A (Materials) | 1077 |
| 1339 | Western Securities Co. Ltd., Class A (Financials) | 1212 |
| 200 | Western Superconducting Technologies Co. Ltd., Class A (Materials) | 2763 |
| 200 | Westone Information Industry, Inc., Class A (Information Technology) | 995 |
| 298 | Will Semiconductor Co. Ltd. Shanghai, Class A (Information Technology) | 3420 |
| 325 | Wingtech Technology Co. Ltd., Class A (Information Technology) | 2527 |
| 928 | Wuhan Guide Infrared Co. Ltd., Class A (Information Technology) | 1537 |
| 1143 | Wuliangye Yibin Co. Ltd., Class A (Consumer Staples) | 25311 |
| 600 | WUS Printed Circuit Kunshan Co. Ltd., Class A (Information Technology) | 1074 |
| 787 | WuXi AppTec Co. Ltd., Class A (Health Care) | 8666 |
| 1695 | WuXi AppTec Co. Ltd., Class H (Health Care)<sup>(a)</sup> | 16677 |
| 17581 | Wuxi Biologics Cayman, Inc., 02/28/23 (Health Care)\*<sup>(a)</sup> | 112957 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 500 | Wuxi Lead Intelligent Equipment Co. Ltd., Class A (Industrials) | $3089 |
| 140 | Wuxi Shangji Automation Co. Ltd., Class A (Industrials) | 2301 |
| 2902 | XCMG Construction Machinery Co. Ltd., Class A (Industrials) | 2159 |
| 800 | Xiamen C & D, Inc., Class A (Industrials) | 1758 |
| 100 | Xiamen Faratronic Co. Ltd., Class A (Information Technology) | 2231 |
| 400 | Xiamen Tungsten Co. Ltd., Class A (Materials) | 1215 |
| 72252 | Xiaomi Corp., Class B (Information Technology)\*<sup>(a)</sup> | 95528 |
| 939 | Xinjiang Goldwind Science & Technology Co. Ltd., Class A (Industrials) | 1526 |
| 3769 | Xinjiang Goldwind Science & Technology Co. Ltd., Class H (Industrials) | 4051 |
| 20518 | Xinyi Solar Holdings Ltd. (Information Technology) | 23684 |
| 3120 | XPeng, Inc. ADR (Consumer Discretionary)\*<sup>(b)</sup> | 33727 |
| 5444 | Yadea Group Holdings Ltd. (Consumer Discretionary)<sup>(a)</sup> | 10239 |
| 100 | Yangzhou Yangjie Electronic Technology Co. Ltd., Class A (Information Technology) | 799 |
| 649 | Yankuang Energy Group Co. Ltd., Class A, 02/28/23 (Energy) | 3718 |
| 6619 | Yankuang Energy Group Co. Ltd., Class H (Energy) | 21921 |
| 200 | Yantai Jereh Oilfield Services Group Co. Ltd., Class A (Energy) | 882 |
| 295 | Yealink Network Technology Corp. Ltd., Class A (Information Technology) | 2650 |
| 218 | Yifeng Pharmacy Chain Co. Ltd., Class A (Consumer Staples) | 2004 |
| 400 | Yihai Kerry Arawana Holdings Co. Ltd., Class A (Consumer Staples) | 2329 |
| 800 | Yintai Gold Co. Ltd., Class A (Materials) | 1615 |
| 100 | YongXing Special Materials Technology Co. Ltd., Class A (Materials) | 1486 |
| 928 | Yonyou Network Technology Co. Ltd., Class A (Information Technology) | 3001 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 800 | YTO Express Group Co. Ltd., Class A (Industrials) | $2193 |
| 900 | Yunda Holding Co. Ltd., Class A (Industrials) | 1563 |
| 900 | Yunnan Aluminium Co. Ltd., Class A (Materials) | 1352 |
| 501 | Yunnan Baiyao Group Co. Ltd., Class A (Health Care) | 4002 |
| 100 | Yunnan Botanee Bio-Technology Group Co. Ltd., Class A (Consumer Staples) | 1789 |
| 295 | Yunnan Energy New Material Co. Ltd., Class A (Materials) | 5182 |
| 500 | Yunnan Tin Co. Ltd., Class A (Materials) | 948 |
| 500 | Yunnan Yuntianhua Co. Ltd., Class A (Materials)\* | 1493 |
| 359 | Zai Lab Ltd., 02/28/23 ADR (Health Care)\* | 13843 |
| 400 | Zangge Mining Co. Ltd., Class A, 02/28/23 (Materials) | 1738 |
| 130 | Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A (Health Care) | 4679 |
| 1300 | Zhefu Holding Group Co. Ltd., Class A (Industrials) | 756 |
| 2300 | Zhejiang Century Huatong Group Co. Ltd., Class A (Communication Services)\* | 1279 |
| 649 | Zhejiang Chint Electrics Co. Ltd., Class A (Industrials) | 2635 |
| 809 | Zhejiang Dahua Technology Co. Ltd., Class A (Information Technology) | 1357 |
| 100 | Zhejiang Dingli Machinery Co. Ltd., Class A (Industrials) | 717 |
| 6986 | Zhejiang Expressway Co. Ltd., Class H (Industrials) | 5191 |
| 400 | Zhejiang Huahai Pharmaceutical Co. Ltd., Class A (Health Care) | 1146 |
| 422 | Zhejiang Huayou Cobalt Co. Ltd., Class A (Materials) | 3724 |
| 400 | Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A (Information Technology) | 3642 |
| 200 | Zhejiang Jiuzhou Pharmaceutical Co. Ltd., Class A (Health Care) | 1118 |
| 800 | Zhejiang Juhua Co. Ltd., Class A (Materials) | 1903 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 950 | Zhejiang NHU Co. Ltd., Class A, 02/28/23 (Health Care) | $2642 |
| 1000 | Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A (Industrials) | 3106 |
| 200 | Zhejiang Supcon Technology Co. Ltd., Class A (Information Technology) | 2567 |
| 100 | Zhejiang Supor Co. Ltd., Class A (Consumer Discretionary) | 647 |
| 390 | Zhejiang Weiming Environment Protection Co. Ltd., Class A (Industrials) | 1123 |
| 500 | Zhejiang Weixing New Building Materials Co. Ltd., Class A (Industrials) | 1532 |
| 200 | Zhejiang Yongtai Technology Co. Ltd., Class A (Materials) | 729 |
| 1222 | Zheshang Securities Co. Ltd., Class A (Financials) | 1844 |
| 4419 | ZhongAn Online P&C Insurance Co. Ltd., Class H (Financials)\*<sup>(a)</sup> | 11379 |
| 200 | Zhongji Innolight Co. Ltd., Class A, 02/28/23 (Information Technology) | 808 |
| 3168 | Zhongsheng Group Holdings Ltd. (Consumer Discretionary) | 16154 |
| 1700 | Zhongtai Securities Co. Ltd., Class A (Financials) | 1654 |
| 2684 | Zhuzhou CRRC Times Electric Co. Ltd. (Industrials) | 12345 |
| 200 | Zhuzhou CRRC Times Electric Co. Ltd., Class A (Industrials) | 1571 |
| 800 | Zhuzhou Kibing Group Co. Ltd., Class A (Industrials) | 1116 |
| 6002 | Zijin Mining Group Co. Ltd., Class A (Materials) | 8329 |
| 28038 | Zijin Mining Group Co. Ltd., Class H (Materials) | 36424 |
| 2268 | Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A (Industrials) | 1870 |
| 7682 | Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H (Industrials) | 3573 |
| 1200 | ZTE Corp., Class A (Information Technology) | 4150 |
| 3680 | ZTE Corp., Class H, 02/28/23 (Information Technology) | 7987 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| 2305 | ZTO Express Cayman, Inc. ADR (Industrials) | $57786 |
|  |  | 9055397 |
| **Colombia – 0.1%** | **Colombia – 0.1%** | **Colombia – 0.1%** |
| 1105 | Bancolombia SA (Financials) | 9175 |
| 19969 | Ecopetrol SA (Energy) | 9493 |
| 2085 | Interconexion Electrica SA ESP (Utilities) | 8440 |
|  |  | 27108 |
| **Czech Republic – 0.1%** | **Czech Republic – 0.1%** | **Czech Republic – 0.1%** |
| 785 | CEZ AS (Utilities) | 26690 |
| 364 | Komercni banka AS (Financials) | 10621 |
| 1725 | Moneta Money Bank AS (Financials)<sup>(a)</sup> | 5252 |
|  |  | 42563 |
| **Egypt – 0.1%** | **Egypt – 0.1%** | **Egypt – 0.1%** |
| 1394 | Abou Kir Fertilizers & Chemical Industries (Materials) | 1920 |
| 12315 | Commercial International Bank Egypt SAE (Financials) | 20090 |
| 4720 | Eastern Co. SAE (Consumer Staples) | 2482 |
| 3802 | Egyptian Financial Group-Hermes Holding Co. (Financials)\* | 2338 |
| 3439 | ElSewedy Electric Co. (Industrials)\* | 1296 |
|  |  | 28126 |
| **Greece – 0.3%** | **Greece – 0.3%** | **Greece – 0.3%** |
| 9269 | Alpha Services and Holdings SA (Financials)\* | 9654 |
| 12103 | Eurobank Ergasias Services and Holdings SA (Financials)\* | 13583 |
| 921 | Hellenic Telecommunications Organization SA (Communication Services) | 13988 |
| 535 | JUMBO SA, 02/28/23 (Consumer Discretionary) | 8368 |
| 316 | Motor Oil Hellas Corinth Refineries SA (Energy) | 6263 |
| 470 | Mytilineos SA (Industrials) | 8682 |
| 2657 | National Bank of Greece SA (Financials)\* | 10587 |
| 898 | OPAP SA, 02/28/23 (Consumer Discretionary) | 12233 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Greece – (continued)** | **Greece – (continued)** | **Greece – (continued)** |
| 3120 | Piraeus Financial Holdings SA (Financials)\* | $4497 |
| 1040 | Public Power Corp. SA (Utilities)\* | 7057 |
| 328 | Star Bulk Carriers Corp. (Industrials) | 6314 |
| 259 | Terna Energy SA (Utilities) | 5200 |
|  |  | 106426 |
| **Hong Kong – 0.0%** | **Hong Kong – 0.0%** | **Hong Kong – 0.0%** |
| 486 | Orient Overseas International Ltd., 02/28/23 (Industrials) | 9103 |
| **Hungary – 0.2%** | **Hungary – 0.2%** | **Hungary – 0.2%** |
| 2360 | MOL Hungarian Oil & Gas PLC (Energy) | 16716 |
| 1079 | OTP Bank Nyrt (Financials) | 29135 |
| 676 | Richter Gedeon Nyrt (Health Care) | 14348 |
|  |  | 60199 |
| **India – 16.2%** | **India – 16.2%** | **India – 16.2%** |
| 926 | Aarti Industries Ltd. (Materials) | 7671 |
| 231 | Aarti Pharmalabs Ltd. (Health Care)\* | 1077 |
| 244 | ABB India Ltd., 02/28/23 (Industrials) | 8991 |
| 400 | ACC Ltd. (Materials) | 12590 |
| 1491 | Adani Enterprises Ltd., 02/28/23 (Industrials) | 71732 |
| 2264 | Adani Green Energy Ltd. (Utilities)\* | 58841 |
| 3503 | Adani Ports & Special Economic Zone Ltd., 02/28/23 (Industrials) | 37896 |
| 3310 | Adani Power Ltd., 02/28/23 (Utilities)\* | 13525 |
| 1054 | Adani Total Gas Ltd., 02/28/23 (Utilities) | 47017 |
| 1389 | Adani Transmission Ltd., 02/28/23 (Utilities)\* | 49608 |
| 774 | Adani Wilmar Ltd. (Consumer Staples)\* | 5991 |
| 149 | Alkem Laboratories Ltd. (Health Care) | 5716 |
| 2911 | Ambuja Cements Ltd. (Materials) | 20402 |
| 588 | Apollo Hospitals Enterprise Ltd., 02/28/23 (Health Care) | 34126 |
| 9300 | Ashok Leyland Ltd., 02/28/23 (Industrials) | 16993 |
| 3150 | Asian Paints Ltd. (Materials) | 122817 |
| 418 | Astral Ltd. (Industrials) | 9674 |
| 1514 | AU Small Finance Bank Ltd. (Financials)<sup>(a)</sup> | 11885 |
| 1060 | Aurobindo Pharma Ltd. (Health Care) | 6083 |
| 1119 | Avenue Supermarts Ltd. (Consumer Staples)\*<sup>(a)</sup> | 55314 |
| 11077 | Axis Bank Ltd., 02/28/23 (Financials) | 122588 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **India – (continued)** | **India – (continued)** | **India – (continued)** |
| 341 | Bajaj Auto Ltd. (Consumer Discretionary) | $15705 |
| 1198 | Bajaj Finance Ltd. (Financials) | 98871 |
| 1870 | Bajaj Finserv Ltd. (Financials) | 37349 |
| 130 | Bajaj Holdings & Investment Ltd. (Financials) | 10049 |
| 378 | Balkrishna Industries Ltd. (Consumer Discretionary) | 9479 |
| 4019 | Bandhan Bank Ltd. (Financials)\*<sup>(a)</sup> | 11765 |
| 5039 | Bank of Baroda, 02/28/23 (Financials) | 10287 |
| 1353 | Berger Paints India Ltd. (Materials) | 10341 |
| 16936 | Bharat Electronics Ltd., 02/28/23 (Industrials) | 21857 |
| 1901 | Bharat Forge Ltd. (Consumer Discretionary) | 20065 |
| 3854 | Bharat Petroleum Corp. Ltd. (Energy) | 16145 |
| 10148 | Bharti Airtel Ltd. (Communication Services) | 105765 |
| 1917 | Biocon Ltd. (Health Care) | 6658 |
| 33 | Bosch Ltd. (Consumer Discretionary) | 6891 |
| 522 | Britannia Industries Ltd. (Consumer Staples) | 27962 |
| 1779 | Canara Bank (Financials) | 6875 |
| 2914 | CG Power & Industrial Solutions Ltd. (Industrials)\* | 10005 |
| 2095 | Cholamandalam Investment and Finance Co. Ltd. (Financials) | 18390 |
| 2247 | Cipla Ltd. (Health Care) | 31445 |
| 6865 | Coal India Ltd. (Energy) | 19157 |
| 581 | Colgate-Palmolive India Ltd. (Consumer Staples) | 11644 |
| 1258 | Container Corp. Of India Ltd. (Industrials) | 11925 |
| 569 | Cummins India Ltd. (Industrials) | 9876 |
| 3192 | Dabur India Ltd. (Consumer Staples) | 23061 |
| 448 | Dalmia Bharat Ltd. (Materials) | 10016 |
| 437 | Deepak Nitrite Ltd. (Materials) | 11674 |
| 1305 | Delhivery Ltd. (Industrials)\* | 5376 |
| 551 | Divi's Laboratories Ltd. (Health Care) | 23036 |
| 3018 | DLF Ltd. (Real Estate) | 14922 |
| 489 | Dr. Reddy's Laboratories Ltd. (Health Care) | 26944 |
| 634 | Eicher Motors Ltd., 02/28/23 (Consumer Discretionary) | 27128 |
| 4647 | Embassy Office Parks REIT (Real Estate) | 19567 |
| 3780 | FSN E-Commerce Ventures Ltd. (Consumer Discretionary)\* | 7998 |
| 11064 | GAIL India Ltd., 02/28/23 (Utilities) | 12873 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **India – (continued)** | **India – (continued)** | **India – (continued)** |
| 288 | Gland Pharma Ltd. (Health Care)\*<sup>(a)</sup> | $6294 |
| 1788 | Godrej Consumer Products Ltd. (Consumer Staples)\* | 19353 |
| 444 | Godrej Properties Ltd. (Real Estate)\* | 7116 |
| 1583 | Grasim Industries Ltd. (Materials) | 34207 |
| 173 | Gujarat Fluorochemicals Ltd. (Materials) | 7434 |
| 840 | Gujarat Gas Ltd. (Utilities) | 5146 |
| 1078 | Havells India Ltd. (Industrials) | 16594 |
| 4695 | HCL Technologies Ltd. (Information Technology) | 64617 |
| 290 | HDFC Asset Management Co. Ltd. (Financials)<sup>(a)</sup> | 7788 |
| 4788 | HDFC Life Insurance Co. Ltd. (Financials)<sup>(a)</sup> | 34724 |
| 631 | Hero MotoCorp Ltd. (Consumer Discretionary) | 22098 |
| 5791 | Hindalco Industries Ltd. (Materials) | 32050 |
| 285 | Hindustan Aeronautics Ltd. (Industrials) | 9638 |
| 2807 | Hindustan Petroleum Corp. Ltd. (Energy) | 8241 |
| 3776 | Hindustan Unilever Ltd. (Consumer Staples) | 124467 |
| 10 | Honeywell Automation India Ltd. (Information Technology) | 5122 |
| 8016 | Housing Development Finance Corp. Ltd. (Financials) | 265035 |
| 25122 | ICICI Bank Ltd. (Financials) | 293957 |
| 1106 | ICICI Lombard General Insurance Co. Ltd. (Financials)<sup>(a)</sup> | 16449 |
| 1797 | ICICI Prudential Life Insurance Co. Ltd. (Financials)<sup>(a)</sup> | 10508 |
| 14985 | IDFC First Bank Ltd. (Financials)\* | 10783 |
| 4113 | Indian Hotels Co. Ltd. (Consumer Discretionary) | 16245 |
| 12954 | Indian Oil Corp. Ltd. (Energy) | 12193 |
| 1111 | Indian Railway Catering & Tourism Corp. Ltd. (Industrials) | 10044 |
| 1427 | Indraprastha Gas Ltd. (Utilities) | 7756 |
| 3458 | Indus Towers Ltd. (Communication Services) | 8510 |
| 2795 | IndusInd Bank Ltd. (Financials) | 40080 |
| 325 | Info Edge India Ltd. (Communication Services) | 15938 |
| 15707 | Infosys Ltd. (Information Technology) | 315341 |
| 472 | InterGlobe Aviation Ltd. (Industrials)\*<sup>(a)</sup> | 11229 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **India – (continued)** | **India – (continued)** | **India – (continued)** |
| 14507 | ITC Ltd., 02/28/23 (Consumer Staples) | $60567 |
| 1962 | Jindal Steel & Power Ltd. (Materials) | 12908 |
| 2635 | JSW Energy Ltd. (Utilities) | 9971 |
| 4008 | JSW Steel Ltd. (Materials) | 36587 |
| 1826 | Jubilant Foodworks Ltd. (Consumer Discretionary) | 12262 |
| 568 | Kansai Nerolac Paints Ltd. (Materials) | 3127 |
| 5321 | Kotak Mahindra Bank Ltd. (Financials) | 127219 |
| 119 | L&T Technology Services Ltd. (Industrials)<sup>(a)</sup> | 5575 |
| 201 | Larsen & Toubro Infotech Ltd. (Information Technology)<sup>(a)</sup> | 11942 |
| 3355 | Larsen & Toubro Ltd., 02/28/23 (Industrials) | 85479 |
| 1590 | Laurus Labs Ltd. (Health Care)<sup>(a)</sup> | 8150 |
| 800 | Life Insurance Corp. Of India (Financials) | 6251 |
| 96 | Linde India Ltd., 02/28/23 (Materials) | 3596 |
| 944 | Lupin Ltd. (Health Care) | 8881 |
| 347 | Macrotech Developers Ltd. (Real Estate)\*<sup>(a)</sup> | 4198 |
| 4667 | Mahindra & Mahindra Ltd., 02/28/23 (Consumer Discretionary) | 74822 |
| 2358 | Marico Ltd. (Consumer Staples) | 14690 |
| 580 | Maruti Suzuki India Ltd. (Consumer Discretionary) | 63915 |
| 1377 | Max Financial Services Ltd. (Financials)\* | 11931 |
| 3598 | Max Healthcare Institute Ltd. (Health Care)\* | 19886 |
| 271 | Mindtree Ltd. (Information Technology) | 11427 |
| 394 | Mphasis Ltd. (Information Technology) | 9760 |
| 14 | MRF Ltd. (Consumer Discretionary) | 16084 |
| 519 | Muthoot Finance Ltd. (Financials) | 6888 |
| 161 | Nestle India Ltd. (Consumer Staples) | 39904 |
| 12613 | NHPC Ltd. (Utilities) | 6513 |
| 3559 | NMDC Ltd. (Materials) | 5144 |
| 3559 | NMDC Steel Ltd. (Materials)\* | 1619 |
| 18392 | NTPC Ltd. (Utilities) | 38891 |
| 576 | Oberoi Realty Ltd. (Real Estate) | 6535 |
| 13097 | Oil & Natural Gas Corp. Ltd. (Energy) | 22692 |
| 465 | One 97 Communications Ltd. (Information Technology)\* | 2751 |
| 95 | Oracle Financial Services Software Ltd. (Information Technology) | 3625 |
| 29 | Page Industries Ltd. (Consumer Discretionary) | 16885 |
| 339 | Patanjali Foods Ltd. (Consumer Staples) | 5249 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **India – (continued)** | **India – (continued)** | **India – (continued)** |
| 833 | PB Fintech Ltd. (Financials)\* | $4631 |
| 206 | Persistent Systems Ltd. (Information Technology) | 10510 |
| 3394 | Petronet LNG Ltd. (Energy) | 8863 |
| 351 | PI Industries Ltd. (Materials) | 15055 |
| 681 | Pidilite Industries Ltd. (Materials) | 22986 |
| 571 | Piramal Enterprises Ltd. (Financials) | 5784 |
| 221 | Polycab India Ltd. (Industrials) | 6961 |
| 5596 | Power Finance Corp. Ltd., 02/28/23 (Financials) | 9339 |
| 13130 | Power Grid Corp. of India Ltd., 02/28/23 (Utilities) | 36116 |
| 9935 | Punjab National Bank (Financials) | 6258 |
| 5007 | REC Ltd., 02/28/23 (Financials) | 6785 |
| 14125 | Reliance Industries Ltd., 02/28/23 (Energy) | 473749 |
| 9445 | Samvardhana Motherson International Ltd. (Consumer Discretionary) | 8670 |
| 1252 | SBI Cards & Payment Services Ltd. (Financials) | 12672 |
| 1930 | SBI Life Insurance Co. Ltd., 02/28/23 (Financials)<sup>(a)</sup> | 30404 |
| 196 | Schaeffler India Ltd., 02/28/23 (Industrials) | 6439 |
| 48 | Shree Cement Ltd. (Materials) | 14075 |
| 798 | Shriram Transport Finance Co. Ltd. (Financials) | 13229 |
| 341 | Siemens Ltd. (Industrials) | 11620 |
| 118 | Solar Industries India Ltd. (Materials) | 5619 |
| 1186 | Sona Blw Precision Forgings Ltd. (Consumer Discretionary)<sup>(a)</sup> | 6618 |
| 632 | SRF Ltd. (Materials) | 18359 |
| 8697 | State Bank of India (Financials) | 64339 |
| 5649 | Steel Authority of India Ltd. (Materials) | 5886 |
| 4772 | Sun Pharmaceutical Industries Ltd. (Health Care) | 61296 |
| 486 | Tata Communications Ltd., 02/28/23 (Communication Services) | 7759 |
| 4240 | Tata Consultancy Services Ltd., 02/28/23 (Information Technology) | 176543 |
| 2836 | Tata Consumer Products Ltd. (Consumer Staples) | 28488 |
| 172 | Tata Elxsi Ltd., 02/28/23 (Information Technology) | 14806 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **India – (continued)** | **India – (continued)** | **India – (continued)** |
| 7755 | Tata Motors Ltd. (Consumer Discretionary)\* | $41843 |
| 2174 | Tata Motors Ltd., Class A (Consumer Discretionary)\* | 6277 |
| 7020 | Tata Power Co. Ltd. (The) (Utilities) | 19378 |
| 33018 | Tata Steel Ltd. (Materials) | 43646 |
| 2471 | Tata Teleservices Maharashtra Ltd. (Communication Services)\* | 3096 |
| 2954 | Tech Mahindra Ltd. (Information Technology) | 39067 |
| 1789 | Titan Co. Ltd. (Consumer Discretionary) | 58281 |
| 474 | Torrent Pharmaceuticals Ltd., 02/28/23 (Health Care) | 9661 |
| 889 | Trent Ltd., 02/28/23 (Consumer Discretionary) | 16065 |
| 473 | Tube Investments of India Ltd. (Consumer Discretionary) | 16097 |
| 974 | TVS Motor Co. Ltd. (Consumer Discretionary) | 12536 |
| 516 | UltraTech Cement Ltd. (Materials) | 44842 |
| 346 | United Breweries Ltd. (Consumer Staples) | 7164 |
| 1553 | United Spirits Ltd. (Consumer Staples)\* | 17779 |
| 2191 | UPL Ltd. (Materials) | 21246 |
| 1027 | Varun Beverages Ltd., 02/28/23 (Consumer Staples) | 15761 |
| 178 | Vedant Fashions Ltd. (Consumer Discretionary) | 2991 |
| 4111 | Vedanta Ltd. (Materials) | 15364 |
| 1040 | Voltas Ltd. (Industrials) | 10466 |
| 6196 | Wipro Ltd. (Information Technology) | 30959 |
| 199 | WNS Holdings Ltd., 02/28/23 ADR (Information Technology)\* | 16780 |
| 73028 | Yes Bank Ltd. (Financials)\* | 15379 |
| 7701 | Zomato Ltd. (Consumer Discretionary)\* | 6170 |
| 881 | Zydus Lifesciences Ltd. (Health Care) | 4434 |
|  |  | 5215660 |
| **Indonesia – 2.1%** | **Indonesia – 2.1%** | **Indonesia – 2.1%** |
| 67632 | Adaro Energy Indonesia Tbk PT, 02/28/23 (Energy) | 16638 |
| 32190 | Adaro Minerals Indonesia Tbk PT (Materials)\* | 3335 |
| 40631 | Aneka Tambang Tbk (Materials) | 5127 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Indonesia – (continued)** | **Indonesia – (continued)** | **Indonesia – (continued)** |
| 92927 | Astra International Tbk PT, 02/28/23 (Consumer Discretionary) | $35738 |
| 76157 | Avia Avian Tbk PT (Materials) | 3728 |
| 254473 | Bank Central Asia Tbk PT (Financials) | 150437 |
| 30588 | Bank Jago Tbk PT (Financials)\* | 8925 |
| 85704 | Bank Mandiri Persero Tbk PT, 02/28/23 (Financials) | 57339 |
| 36056 | Bank Negara Indonesia Persero Tbk PT, 02/28/23 (Financials) | 22690 |
| 345569 | Bank Rakyat Indonesia Persero Tbk PT, 02/28/23 (Financials) | 109394 |
| 125144 | Barito Pacific Tbk PT (Materials) | 6284 |
| 122522 | Bukalapak.com PT Tbk (Consumer Discretionary)\* | 2227 |
| 96028 | Chandra Asri Petrochemical Tbk PT (Materials) | 14589 |
| 35276 | Charoen Pokphand Indonesia Tbk PT (Consumer Staples) | 12782 |
| 90519 | Dayamitra Telekomunikasi PT (Communication Services) | 4258 |
| 109146 | Elang Mahkota Teknologi Tbk PT (Communication Services) | 8950 |
| 3715275 | GoTo Gojek Tokopedia Tbk PT (Consumer Discretionary)\* | 35661 |
| 2229 | Gudang Garam Tbk PT (Consumer Staples) | 2827 |
| 12372 | Indah Kiat Pulp & Paper Tbk PT (Materials) | 7865 |
| 7619 | Indocement Tunggal Prakarsa Tbk PT (Materials) | 4819 |
| 11061 | Indofood CBP Sukses Makmur Tbk PT (Consumer Staples) | 7101 |
| 21355 | Indofood Sukses Makmur Tbk PT (Consumer Staples) | 8756 |
| 6364 | Indosat Tbk PT (Communication Services) | 2407 |
| 94992 | Kalbe Farma Tbk PT (Health Care) | 12499 |
| 61040 | Merdeka Copper Gold Tbk PT, 02/28/23 (Materials)\* | 16102 |
| 110625 | Sarana Menara Nusantara Tbk PT (Communication Services) | 7946 |
| 14059 | Semen Indonesia Persero Tbk PT (Materials) | 6792 |
| 91798 | Sumber Alfaria Trijaya Tbk PT (Consumer Staples) | 18031 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Indonesia – (continued)** | **Indonesia – (continued)** | **Indonesia – (continued)** |
| 229591 | Telkom Indonesia Persero Tbk PT (Communication Services) | $58961 |
| 22760 | Tower Bersama Infrastructure Tbk PT (Communication Services) | 3357 |
| 27693 | Unilever Indonesia Tbk PT (Consumer Staples) | 8450 |
| 7308 | United Tractors Tbk PT (Energy) | 14308 |
| 9852 | Vale Indonesia Tbk PT (Materials)\* | 4619 |
|  |  | 682942 |
| **Kuwait – 0.9%** | **Kuwait – 0.9%** | **Kuwait – 0.9%** |
| 6489 | Agility Public Warehousing Co. KSC (Industrials) | 16578 |
| 5719 | Boubyan Bank KSCP (Financials) | 15669 |
| 9328 | Gulf Bank KSCP (Financials) | 10265 |
| 25701 | Kuwait Finance House KSCP (Financials) | 72251 |
| 2881 | Mabanee Co KPSC (Real Estate) | 8239 |
| 11279 | Mobile Telecommunications Co. KSCP (Communication Services) | 21493 |
| 34736 | National Bank of Kuwait SAKP (Financials) | 126518 |
|  |  | 271013 |
| **Luxembourg – 0.0%** | **Luxembourg – 0.0%** | **Luxembourg – 0.0%** |
| 721 | Reinet Investments SCA (Financials) | 12938 |
| **Mexico – 2.4%** | **Mexico – 2.4%** | **Mexico – 2.4%** |
| 23472 | Alfa SAB de CV, Class A (Industrials) | 16198 |
| 133912 | America Movil SAB de CV, Series L (Communication Services) | 129741 |
| 2051 | Arca Continental SAB de CV, 02/28/23 (Consumer Staples) | 17047 |
| 8560 | Becle SAB de CV (Consumer Staples) | 19057 |
| 70568 | Cemex SAB de CV, Series CPO (Materials)\* | 32236 |
| 2441 | Coca-Cola Femsa SAB de CV (Consumer Staples) | 16577 |
| 1002 | El Puerto de Liverpool SAB de CV, 02/28/23 (Consumer Discretionary) | 5815 |
| 13838 | Fibra Uno Administracion SA de CV REIT (Real Estate) | 17121 |
| 10527 | Fomento Economico Mexicano SAB de CV (Consumer Staples) | 83538 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Mexico – (continued)** | **Mexico – (continued)** | **Mexico – (continued)** |
| 883 | Gruma SAB de CV, Class B (Consumer Staples) | $10977 |
| 1797 | Grupo Aeroportuario del Pacifico SAB de CV, Class B, 02/28/23 (Industrials) | 28880 |
| 552 | Grupo Aeroportuario del Sureste SAB de CV, Class B (Industrials) | 13600 |
| 6267 | Grupo Bimbo SAB de CV, Series A (Consumer Staples) | 26506 |
| 2074 | Grupo Carso SAB de CV, Series A1 (Industrials) | 8921 |
| 290 | Grupo Elektra SAB DE CV (Financials)<sup>(b)</sup> | 15440 |
| 14045 | Grupo Financiero Banorte SAB de CV, Class O, 02/28/23 (Financials) | 111861 |
| 8060 | Grupo Financiero Inbursa SAB de CV, Class O, 02/28/23 (Financials)\* | 14906 |
| 15294 | Grupo Mexico SAB de CV, Series B (Materials) | 62112 |
| 12641 | Grupo Televisa SAB, Series CPO (Communication Services) | 13826 |
| 608 | Industrias Penoles SAB de CV (Materials)\* | 8140 |
| 7851 | Kimberly-Clark de Mexico SAB de CV, Class A (Consumer Staples) | 13292 |
| 5962 | Operadora De Sites Mexicanos SAB de CV, Class A-1 (Communication Services) | 6512 |
| 4562 | Orbia Advance Corp. SAB de CV (Materials) | 8885 |
| 25082 | Wal-Mart de Mexico SAB de CV (Consumer Staples) | 99326 |
|  |  | 780514 |
| **Pakistan – 0.0%** | **Pakistan – 0.0%** | **Pakistan – 0.0%** |
| 1099 | Lucky Cement Ltd. (Materials)\* | 2319 |
| 1825 | TRG Pakistan (Industrials)\* | 1163 |
|  |  | 3482 |
| **Peru – 0.2%** | **Peru – 0.2%** | **Peru – 0.2%** |
| 247 | Credicorp Ltd., 02/28/23 (Financials) | 37927 |
| 196 | InRetail Peru Corp. (Consumer Staples)<sup>(a)</sup> | 7058 |
| 165 | Intercorp Financial Services, Inc. (Financials) | 4059 |
|  |  | 49044 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Philippines – 0.8%** | **Philippines – 0.8%** | **Philippines – 0.8%** |
| 8654 | Aboitiz Equity Ventures, Inc. (Industrials) | $9180 |
| 34944 | ACEN Corp. (Utilities) | 4393 |
| 1207 | Ayala Corp. (Industrials) | 14853 |
| 29026 | Ayala Land, Inc. (Real Estate) | 16165 |
| 8854 | Bank of the Philippine Islands (Financials) | 16578 |
| 8604 | BDO Unibank, Inc. (Financials) | 19791 |
| 12232 | Emperador, Inc. (Consumer Staples)\* | 4347 |
| 194 | Globe Telecom, Inc. (Communication Services) | 7889 |
| 4002 | International Container Terminal Services, Inc., 02/28/23 (Industrials) | 14505 |
| 14412 | JG Summit Holdings, Inc. (Industrials) | 12511 |
| 2167 | Jollibee Foods Corp. (Consumer Discretionary) | 9387 |
| 1042 | Manila Electric Co. (Utilities) | 5158 |
| 8765 | Metropolitan Bank & Trust Co. (Financials) | 8880 |
| 35145 | Monde Nissin Corp. (Consumer Staples)<sup>(a)</sup> | 7854 |
| 424 | PLDT, Inc. (Communication Services) | 13134 |
| 2363 | SM Investments Corp. (Industrials) | 39230 |
| 52535 | SM Prime Holdings, Inc. (Real Estate) | 33810 |
| 4297 | Universal Robina Corp. (Consumer Staples) | 10104 |
|  |  | 247769 |
| **Qatar – 1.3%** | **Qatar – 1.3%** | **Qatar – 1.3%** |
| 19719 | Commercial Bank PSQC (The) (Financials) | 32163 |
| 14341 | Industries Qatar QSC (Industrials) | 58636 |
| 36447 | Masraf Al Rayan QSC (Financials) | 35409 |
| 21009 | Mesaieed Petrochemical Holding Co. (Materials) | 13442 |
| 4769 | Ooredoo QPSC (Communication Services) | 11618 |
| 1937 | Qatar Electricity & Water Co. QSC (Utilities) | 8994 |
| 3618 | Qatar Fuel QSC (Energy) | 18012 |
| 13134 | Qatar Gas Transport Co. Ltd. (Energy) | 14318 |
| 6930 | Qatar International Islamic Bank QSC (Financials) | 20856 |
| 10755 | Qatar Islamic Bank (Financials) | 71705 |
| 21632 | Qatar National Bank QPSC (Financials) | 116424 |
|  |  | 401577 |
| **Russia – 0.0%** | **Russia – 0.0%** | **Russia – 0.0%** |
| 12708 | Alrosa PJSC (Materials)\*<sup>(c)</sup> |  |
| 801 | Gazprom Neft PJSC (Energy)<sup>(c)</sup> |  |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Russia – (continued)** | **Russia – (continued)** | **Russia – (continued)** |
| 49291 | Gazprom PJSC (Energy)<sup>(c)</sup> | $— |
| 1413 | LUKOIL PJSC (Energy)<sup>(c)</sup> |  |
| 263 | MMC Norilsk Nickel PJSC (Materials)<sup>(c)</sup> |  |
| 4560 | Mobile TeleSystems PJSC (Communication Services)<sup>(c)</sup> |  |
| 3099 | Novatek PJSC (Energy)<sup>(c)</sup> |  |
| 5287 | Novolipetsk Steel PJSC (Materials)<sup>(c)</sup> |  |
| 780 | PIK Group PJSC (Consumer Discretionary)\*<sup>(c)</sup> |  |
| 1389 | Polymetal International PLC (Materials)\*<sup>(c)</sup> |  |
| 128 | Polyus PJSC (Materials)\*<sup>(c)</sup> |  |
| 5078 | Rosneft Oil Co. PJSC (Energy)<sup>(c)</sup> |  |
| 44370 | Sberbank of Russia PJSC (Financials)\*<sup>(c)</sup> |  |
| 969 | Severstal PAO (Materials)<sup>(c)</sup> |  |
| 146300 | Surgutneftegas PJSC (Energy)<sup>(c)</sup> |  |
| 6047 | Tatneft PJSC (Energy)<sup>(c)</sup> |  |
| 6503 | United Co RUSAL International PJSC (Materials)<sup>(c)</sup> |  |
| 1289 | Yandex NV, Class A (Communication Services)\*<sup>(c)</sup> |  |
| **Saudi Arabia – 5.3%** | **Saudi Arabia – 5.3%** | **Saudi Arabia – 5.3%** |
| 779 | ACWA Power Co. (Utilities) | 29053 |
| 621 | Advanced Petrochemical Co. (Materials) | 6864 |
| 9550 | Al Rajhi Bank (Financials)\* | 204502 |
| 4741 | Alinma Bank (Financials) | 43510 |
| 1979 | Almarai Co. JSC (Consumer Staples) | 28006 |
| 3220 | Arab National Bank (Financials) | 29680 |
| 117 | Arabian Internet & Communications Services Co. (Information Technology) | 7675 |
| 2371 | Bank AlBilad (Financials)\* | 32734 |
| 2857 | Banque Saudi Fransi (Financials) | 32566 |
| 277 | Bupa Arabia for Cooperative Insurance Co. (Financials) | 13116 |
| 410 | Dr Sulaiman Al Habib Medical Services Group Co. (Health Care) | 25303 |
| 1825 | Etihad Etisalat Co. (Communication Services) | 17720 |
| 284 | Jarir Marketing Co. (Consumer Discretionary) | 12465 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Saudi Arabia – (continued)** | **Saudi Arabia – (continued)** | **Saudi Arabia – (continued)** |
| 231 | Mouwasat Medical Services Co. (Health Care) | $11577 |
| 4043 | Rabigh Refining & Petrochemical Co. (Energy)\* | 11013 |
| 7112 | Riyad Bank (Financials) | 65269 |
| 1128 | SABIC Agri-Nutrients Co. (Materials) | 43269 |
| 1738 | Sahara International Petrochemical Co. (Materials) | 16574 |
| 3935 | Saudi Arabian Mining Co. (Materials)\* | 71807 |
| 62301 | Saudi Arabian Oil Co. (Energy)<sup>(a)</sup> | 555186 |
| 4378 | Saudi Basic Industries Corp. (Materials) | 96661 |
| 4622 | Saudi British Bank (The) (Financials) | 50594 |
| 3786 | Saudi Electricity Co. (Utilities) | 24916 |
| 1826 | Saudi Industrial Investment Group (Materials) | 9928 |
| 3556 | Saudi Kayan Petrochemical Co. (Materials)\* | 11011 |
| 10691 | Saudi National Bank (The) (Financials) | 146177 |
| 8770 | Saudi Telecom Co. (Communication Services) | 89700 |
| 1266 | Savola Group (The) (Consumer Staples) | 9598 |
| 1361 | Yanbu National Petrochemical Co. (Materials) | 15188 |
|  |  | 1711662 |
| **Singapore – 0.0%** | **Singapore – 0.0%** | **Singapore – 0.0%** |
| 1013 | BOC Aviation Ltd. (Industrials)<sup>(a)</sup> | 7949 |
| **South Africa – 3.0%** | **South Africa – 3.0%** | **South Africa – 3.0%** |
| 3822 | Absa Group Ltd. (Financials) | 46138 |
| 396 | African Rainbow Minerals Ltd. (Materials) | 6756 |
| 204 | Anglo American Platinum Ltd. (Materials) | 20613 |
| 1754 | Aspen Pharmacare Holdings Ltd. (Health Care) | 14640 |
| 1638 | Bid Corp. Ltd. (Consumer Staples) | 32149 |
| 1615 | Bidvest Group Ltd. (The) (Industrials) | 22064 |
| 304 | Capitec Bank Holdings Ltd. (Financials) | 36205 |
| 1195 | Clicks Group Ltd. (Consumer Staples) | 20737 |
| 1744 | Discovery Ltd. (Financials)\* | 13090 |
| 1405 | Exxaro Resources Ltd. (Energy) | 18671 |
| 18167 | FirstRand Ltd. (Financials) | 71567 |
| 3766 | Gold Fields Ltd. (Materials) | 41749 |
| 796 | Grindrod Ltd. (Industrials) | 523 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **South Africa – (continued)** | **South Africa – (continued)** | **South Africa – (continued)** |
| 4135 | Impala Platinum Holdings Ltd. (Materials) | $51002 |
| 821 | Investec Ltd. (Financials) | 5008 |
| 238 | Kumba Iron Ore Ltd. (Materials) | 6772 |
| 6703 | MTN Group Ltd. (Communication Services) | 55533 |
| 1655 | MultiChoice Group (Communication Services) | 11577 |
| 1068 | Naspers Ltd., Class N (Consumer Discretionary) | 165633 |
| 1989 | Nedbank Group Ltd. (Financials) | 26730 |
| 1557 | Northam Platinum Holdings Ltd. (Materials)\* | 17974 |
| 22941 | Old Mutual Ltd. (Financials) | 14981 |
| 3938 | Pepkor Holdings Ltd. (Consumer<br>Discretionary)<sup>(a)</sup> | 5102 |
| 3028 | Rand Merchant Investment Holdings Ltd. (Financials) | 5202 |
| 2595 | Remgro Ltd. (Financials) | 22015 |
| 8200 | Sanlam Ltd. (Financials) | 27093 |
| 2015 | Sasol Ltd. (Materials) | 35467 |
| 2071 | Shoprite Holdings Ltd. (Consumer Staples) | 30719 |
| 13460 | Sibanye Stillwater Ltd. (Materials) | 36957 |
| 5135 | Standard Bank Group Ltd. (Financials) | 54379 |
| 2911 | Vodacom Group Ltd. (Communication<br>Services)<sup>(b)</sup> | 21536 |
| 4962 | Woolworths Holdings Ltd. (Consumer Discretionary) | 19320 |
|  |  | 957902 |
| **South Korea – 10.7%** | **South Korea – 10.7%** | **South Korea – 10.7%** |
| 172 | Alteogen, Inc. (Health Care)\* | 4780 |
| 130 | Amorepacific Corp. (Consumer Staples) | 12863 |
| 163 | AMOREPACIFIC Group (Consumer Staples) | 3912 |
| 29 | BGF retail Co. Ltd. (Consumer Staples) | 4519 |
| 1409 | BNK Financial Group, Inc. (Financials) | 7895 |
| 421 | Celltrion Healthcare Co. Ltd. (Health Care) | 20749 |
| 85 | Celltrion Pharm, Inc. (Health Care)\* | 4286 |
| 438 | Celltrion, Inc. (Health Care) | 58451 |
| 270 | Cheil Worldwide, Inc. (Communication Services) | 4965 |
| 31 | Chong Kun Dang Pharmaceutical Corp. (Health Care) | 1967 |
| 21 | Chunbo Co. Ltd. (Materials) | 3837 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **South Korea – (continued)** | **South Korea – (continued)** | **South Korea – (continued)** |
| 29 | CJ CheilJedang Corp. (Consumer Staples) | $8686 |
| 63 | CJ Corp. (Industrials) | 3664 |
| 46 | CJ ENM Co. Ltd. (Communication Services) | 2923 |
| 36 | CJ Logistics Corp. (Industrials)\* | 2413 |
| 236 | Coway Co. Ltd. (Consumer Discretionary) | 10307 |
| 98 | CS Wind Corp. (Industrials) | 5685 |
| 905 | Daewoo Engineering & Construction Co. Ltd. (Industrials)\* | 3493 |
| 212 | Daewoo Shipbuilding & Marine Engineering Co. Ltd. (Industrials)\* | 3070 |
| 154 | DB HiTek Co. Ltd. (Information Technology) | 5208 |
| 188 | DB Insurance Co. Ltd. (Financials) | 8852 |
| 121 | DL E&C Co. Ltd. (Industrials) | 3840 |
| 237 | Dongsuh Cos., Inc. (Consumer Staples) | 3846 |
| 216 | Doosan Bobcat, Inc. (Industrials) | 5822 |
| 30 | Doosan Co. Ltd. (Industrials) | 2213 |
| 1918 | Doosan Enerbility Co. Ltd. (Industrials)\* | 24359 |
| 198 | Doosan Fuel Cell Co. Ltd. (Industrials)\* | 5044 |
| 90 | Douzone Bizon Co. Ltd. (Information Technology) | 2453 |
| 229 | Ecopro BM Co. Ltd. (Industrials) | 19760 |
| 90 | Ecopro Co. Ltd. (Materials) | 9554 |
| 83 | E-MART, Inc. (Consumer Staples) | 5796 |
| 74 | F&F Co. Ltd. (Consumer Discretionary) | 8501 |
| 193 | Fila Holdings Corp. (Consumer Discretionary) | 4837 |
| 23 | Green Cross Corp. (Health Care) | 2250 |
| 275 | GS Engineering & Construction Corp. (Industrials) | 4879 |
| 344 | GS Holdings Corp. (Industrials) | 12677 |
| 159 | GS Retail Co. Ltd. (Consumer Staples) | 3593 |
| 1249 | Hana Financial Group, Inc. (Financials) | 42191 |
| 76 | Hanjin Kal Corp. (Industrials)\* | 2343 |
| 317 | Hankook Tire & Technology Co. Ltd. (Consumer Discretionary) | 8172 |
| 25 | Hanmi Pharm Co. Ltd. (Health Care) | 4957 |
| 142 | Hanmi Science Co. Ltd. (Health Care) | 3381 |
| 650 | Hanon Systems (Consumer Discretionary) | 4288 |
| 38 | Hansol Chemical Co. Ltd. (Materials) | 6051 |
| 33 | Hanssem Co. Ltd. (Consumer Discretionary) | 1175 |
| 131 | Hanwha Aerospace Co. Ltd. (Industrials) | 7211 |
| 158 | Hanwha Corp. (Industrials) | 3480 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **South Korea – (continued)** | **South Korea – (continued)** | **South Korea – (continued)** |
| 1672 | Hanwha Life Insurance Co. Ltd. (Financials)\* | $3188 |
| 465 | Hanwha Solutions Corp. (Materials)\* | 18087 |
| 257 | Hanwha Systems Co. Ltd. (Industrials) | 2241 |
| 193 | HD Hyundai Co. Ltd. (Energy) | 9439 |
| 123 | Hite Jinro Co. Ltd. (Consumer Staples) | 2439 |
| 116 | HL Mando Co. Ltd. (Consumer Discretionary) | 4222 |
| 508 | HLB, Inc. (Health Care)\* | 12538 |
| 1207 | HMM Co. Ltd. (Industrials) | 20409 |
| 155 | Hotel Shilla Co. Ltd. (Consumer Discretionary) | 8579 |
| 36 | Hugel, Inc. (Health Care)\* | 3120 |
| 59 | HYBE Co. Ltd. (Communication Services)\* | 6397 |
| 11 | Hyosung Advanced Materials Corp. (Materials) | 3282 |
| 8 | Hyosung TNC Corp. (Materials) | 2166 |
| 24 | Hyundai Autoever Corp. (Information Technology) | 2020 |
| 60 | Hyundai Department Store Co. Ltd. (Consumer Discretionary) | 2743 |
| 454 | Hyundai Doosan Infracore Co. Ltd. (Industrials)\* | 2854 |
| 117 | Hyundai Elevator Co. Ltd. (Industrials) | 2644 |
| 299 | Hyundai Engineering & Construction Co. Ltd. (Industrials) | 9295 |
| 72 | Hyundai Glovis Co. Ltd. (Industrials) | 9636 |
| 45 | Hyundai Heavy Industries Co. Ltd. (Industrials)\* | 4043 |
| 233 | Hyundai Marine & Fire Insurance Co. Ltd. (Financials) | 5335 |
| 89 | Hyundai Mipo Dockyard Co. Ltd. (Industrials)\* | 5837 |
| 260 | Hyundai Mobis Co. Ltd. (Consumer Discretionary) | 41991 |
| 560 | Hyundai Motor Co. (Consumer Discretionary) | 71760 |
| 323 | Hyundai Rotem Co. Ltd. (Industrials)\* | 7800 |
| 359 | Hyundai Steel Co. (Materials) | 9228 |
| 92 | Iljin Materials Co. Ltd. (Information Technology) | 4318 |
| 1102 | Industrial Bank of Korea (Financials) | 9358 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **South Korea – (continued)** | **South Korea – (continued)** | **South Korea – (continued)** |
| 1309 | Kakao Corp. (Communication Services) | $55979 |
| 172 | Kakao Games Corp. (Communication Services)\* | 5673 |
| 752 | KakaoBank Corp. (Financials)\* | 14283 |
| 103 | Kakaopay Corp. (Information Technology)\* | 4131 |
| 561 | Kangwon Land, Inc. (Consumer Discretionary)\* | 10656 |
| 1510 | KB Financial Group, Inc. (Financials) | 60109 |
| 18 | KCC Corp. (Materials) | 3255 |
| 49 | KEPCO Engineering & Construction Co., Inc. (Industrials) | 2252 |
| 81 | KEPCO Plant Service & Engineering Co. Ltd. (Industrials) | 2119 |
| 1060 | Kia Corp. (Consumer Discretionary) | 55136 |
| 61 | KIWOOM Securities Co. Ltd. (Financials) | 4255 |
| 128 | KMW Co. Ltd. (Information Technology)\* | 2650 |
| 293 | Korea Aerospace Industries Ltd. (Industrials) | 10775 |
| 1259 | Korea Electric Power Corp. (Utilities)\*<sup>(b)</sup> | 19761 |
| 135 | Korea Gas Corp. (Utilities) | 3572 |
| 171 | Korea Investment Holdings Co. Ltd. (Financials) | 7481 |
| 189 | Korea Shipbuilding & Offshore Engineering Co. Ltd. (Industrials)\* | 11221 |
| 48 | Korea Zinc Co. Ltd. (Materials) | 22929 |
| 880 | Korean Air Lines Co. Ltd. (Industrials)\* | 16981 |
| 129 | Krafton, Inc. (Communication Services)\* | 22203 |
| 316 | KT Corp. (Communication Services) | 8961 |
| 466 | KT&G Corp. (Consumer Staples) | 35298 |
| 74 | Kumho Petrochemical Co. Ltd. (Materials) | 8388 |
| 110 | L&F Co. Ltd. (Information Technology)\* | 18358 |
| 45 | LEENO Industrial, Inc. (Information Technology) | 5852 |
| 204 | LG Chem Ltd. (Materials) | 114463 |
| 488 | LG Corp. (Industrials) | 31119 |
| 972 | LG Display Co. Ltd. (Information Technology) | 10650 |
| 462 | LG Electronics, Inc. (Consumer Discretionary) | 34190 |
| 110 | LG Energy Solution Ltd. (Industrials)\* | 48959 |
| 40 | LG H&H Co. Ltd. (Consumer Staples) | 19896 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **South Korea – (continued)** | **South Korea – (continued)** | **South Korea – (continued)** |
| 57 | LG Innotek Co. Ltd. (Information Technology) | $13420 |
| 1049 | LG Uplus Corp. (Communication Services) | 9624 |
| 63 | Lotte Chemical Corp. (Materials) | 8766 |
| 145 | Lotte Corp. (Industrials) | 3612 |
| 48 | Lotte Shopping Co. Ltd. (Consumer Discretionary) | 3075 |
| 84 | LS Corp. (Industrials) | 4790 |
| 76 | Meritz Financial Group, Inc. (Financials) | 2175 |
| 118 | Meritz Fire & Marine Insurance Co. Ltd. (Financials) | 4116 |
| 901 | Meritz Securities Co. Ltd. (Financials) | 3990 |
| 1275 | Mirae Asset Securities Co. Ltd. (Financials) | 6429 |
| 627 | NAVER Corp. (Communication Services) | 88902 |
| 60 | NCSoft Corp. (Communication Services) | 21405 |
| 82 | Netmarble Corp. (Communication Services)<sup>(a)</sup> | 3043 |
| 725 | NH Investment & Securities Co. Ltd. (Financials) | 5294 |
| 12 | NongShim Co. Ltd. (Consumer Staples) | 2989 |
| 84 | OCI Co. Ltd. (Materials) | 6057 |
| 96 | Orion Corp. (Consumer Staples) | 8553 |
| 998 | Pan Ocean Co. Ltd. (Industrials) | 4079 |
| 119 | Pearl Abyss Corp. (Communication Services)\* | 3925 |
| 121 | POSCO Chemical Co. Ltd. (Materials) | 20047 |
| 288 | POSCO Holdings, Inc. (Materials) | 65402 |
| 174 | Posco International Corp. (Industrials) | 3166 |
| 83 | S-1 Corp. (Industrials) | 4040 |
| 85 | Samsung Biologics Co. Ltd. (Health Care)\*<sup>(a)</sup> | 57167 |
| 357 | Samsung C&T Corp. (Industrials) | 33024 |
| 114 | Samsung Card Co. Ltd. (Financials) | 2792 |
| 238 | Samsung Electro-Mechanics Co. Ltd. (Information Technology) | 25445 |
| 23032 | Samsung Electronics Co. Ltd. (Information Technology) | 1086242 |
| 687 | Samsung Engineering Co. Ltd. (Industrials)\* | 12788 |
| 138 | Samsung Fire & Marine Insurance Co. Ltd. (Financials) | 21503 |
| 3027 | Samsung Heavy Industries Co. Ltd. (Industrials)\* | 11958 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **South Korea – (continued)** | **South Korea – (continued)** | **South Korea – (continued)** |
| 323 | Samsung Life Insurance Co. Ltd. (Financials) | $17976 |
| 226 | Samsung SDI Co. Ltd. (Information Technology) | 124922 |
| 154 | Samsung SDS Co. Ltd. (Information Technology) | 14888 |
| 257 | Samsung Securities Co. Ltd. (Financials) | 6859 |
| 172 | SD Biosensor, Inc. (Health Care) | 4291 |
| 196 | Seegene, Inc. (Health Care) | 4518 |
| 190 | Shin Poong Pharmaceutical Co. Ltd. (Health Care)\* | 3119 |
| 2148 | Shinhan Financial Group Co. Ltd. (Financials) | 62053 |
| 28 | Shinsegae, Inc. (Consumer Discretionary) | 4469 |
| 114 | SK Biopharmaceuticals Co. Ltd. (Health Care)\* | 6362 |
| 84 | SK Bioscience Co. Ltd. (Health Care)\* | 5274 |
| 46 | SK Chemicals Co. Ltd. (Materials) | 3097 |
| 2331 | SK Hynix, Inc. (Information Technology) | 150233 |
| 91 | SK IE Technology Co. Ltd. (Materials)\*<sup>(a)</sup> | 4547 |
| 211 | SK Innovation Co. Ltd. (Energy)\* | 28638 |
| 468 | SK Networks Co. Ltd. (Industrials) | 1498 |
| 420 | SK Square Co. Ltd. (Information Technology)\* | 11926 |
| 261 | SK Telecom Co. Ltd. (Communication Services) | 9895 |
| 152 | SK, Inc. (Industrials) | 25240 |
| 81 | SKC Co. Ltd. (Materials) | 6879 |
| 164 | S-Oil Corp. (Energy) | 10843 |
| 63 | Solus Advanced Materials Co. Ltd. (Information Technology) | 1856 |
| 21 | Soulbrain Co. Ltd. (Materials) | 3393 |
| 406 | SSANGYONG C&E Co. Ltd. (Materials) | 1838 |
| 57 | Studio Dragon Corp. (Communication Services)\* | 3133 |
| 83 | Wemade Co. Ltd. (Communication Services) | 2231 |
| 149 | WONIK IPS Co. Ltd. (Information Technology) | 3197 |
| 2592 | Woori Financial Group, Inc. (Financials) | 25550 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **South Korea – (continued)** | **South Korea – (continued)** | **South Korea – (continued)** |
| 194 | Yuhan Corp. (Health Care) | $8591 |
|  |  | 3446856 |
| **Taiwan – 14.2%** | **Taiwan – 14.2%** | **Taiwan – 14.2%** |
| 2270 | Accton Technology Corp. (Information Technology) | 19942 |
| 13992 | Acer, Inc. (Information Technology) | 11137 |
| 1949 | Advantech Co. Ltd. (Information Technology) | 21000 |
| 17480 | ASE Technology Holding Co. Ltd. (Information Technology) | 54976 |
| 10734 | Asia Cement Corp. (Materials) | 14344 |
| 139 | ASMedia Technology, Inc. (Information Technology) | 3333 |
| 128 | ASPEED Technology, Inc. (Information Technology) | 8635 |
| 3089 | Asustek Computer, Inc. (Information Technology) | 26587 |
| 30651 | AUO Corp. (Information Technology) | 15967 |
| 3021 | Catcher Technology Co. Ltd. (Information Technology) | 17888 |
| 36284 | Cathay Financial Holding Co. Ltd. (Financials) | 51129 |
| 7094 | Chailease Holding Co. Ltd. (Financials) | 46252 |
| 26413 | Chang Hwa Commercial Bank Ltd. (Financials) | 14956 |
| 7242 | Cheng Shin Rubber Industry Co. Ltd. (Consumer Discretionary) | 8190 |
| 2955 | Chicony Electronics Co. Ltd. (Information Technology) | 7965 |
| 13373 | China Airlines Ltd. (Industrials) | 7832 |
| 78787 | China Development Financial Holding Corp. (Financials) | 34033 |
| 54860 | China Steel Corp. (Materials) | 51744 |
| 1790 | Chroma ATE, Inc. (Information Technology) | 11497 |
| 18520 | Chunghwa Telecom Co. Ltd. (Communication Services) | 68014 |
| 20097 | Compal Electronics, Inc. (Information Technology) | 14078 |
| 88291 | CTBC Financial Holding Co. Ltd. (Financials) | 65707 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Taiwan – (continued)** | **Taiwan – (continued)** | **Taiwan – (continued)** |
| 9010 | Delta Electronics, Inc. (Information Technology) | $88043 |
| 3962 | E Ink Holdings, Inc. (Information Technology) | 23204 |
| 913 | Eclat Textile Co. Ltd. (Consumer Discretionary) | 13501 |
| 308 | eMemory Technology, Inc. (Information Technology) | 14550 |
| 61585 | E.Sun Financial Holding Co. Ltd. (Financials) | 49419 |
| 10744 | Eva Airways Corp. (Industrials) | 9717 |
| 4930 | Evergreen Marine Corp. Taiwan Ltd. (Industrials) | 26002 |
| 14589 | Far Eastern New Century Corp. (Industrials) | 15342 |
| 7779 | Far EasTone Telecommunications Co. Ltd. (Communication Services) | 17116 |
| 2040 | Feng TAY Enterprise Co. Ltd. (Consumer Discretionary) | 12310 |
| 50348 | First Financial Holding Co. Ltd. (Financials) | 42682 |
| 16020 | Formosa Chemicals & Fibre Corp. (Materials) | 39447 |
| 5532 | Formosa Petrochemical Corp. (Energy) | 15143 |
| 22691 | Formosa Plastics Corp. (Materials) | 66225 |
| 313 | Formosa Sumco Technology Corp. (Information Technology) | 1590 |
| 3646 | Formosa Taffeta Co. Ltd. (Consumer Discretionary) | 3150 |
| 4423 | Foxconn Technology Co. Ltd. (Information Technology) | 7456 |
| 34254 | Fubon Financial Holding Co. Ltd. (Financials) | 67387 |
| 1337 | Giant Manufacturing Co. Ltd. (Consumer Discretionary) | 9950 |
| 986 | Globalwafers Co. Ltd. (Information Technology) | 14995 |
| 6608 | Highwealth Construction Corp. (Real Estate) | 9579 |
| 1350 | Hiwin Technologies Corp. (Industrials) | 8125 |
| 55617 | Hon Hai Precision Industry Co. Ltd. (Information Technology) | 180858 |
| 1351 | Hotai Motor Co. Ltd. (Consumer Discretionary) | 28414 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Taiwan – (continued)** | **Taiwan – (continued)** | **Taiwan – (continued)** |
| 47233 | Hua Nan Financial Holdings Co. Ltd. (Financials) | $34693 |
| 37098 | Innolux Corp. (Information Technology) | 14885 |
| 12262 | Inventec Corp. (Information Technology) | 9840 |
| 426 | Largan Precision Co. Ltd. (Information Technology) | 31634 |
| 9986 | Lite-On Technology Corp. (Information Technology) | 21196 |
| 333 | Lotes Co. Ltd. (Information Technology) | 9309 |
| 8504 | Macronix International Co. Ltd. (Information Technology) | 9534 |
| 7092 | MediaTek, Inc. (Information Technology) | 168204 |
| 50208 | Mega Financial Holding Co. Ltd. (Financials) | 51986 |
| 1002 | Merida Industry Co. Ltd. (Consumer Discretionary) | 5998 |
| 3244 | Micro-Star International Co. Ltd. (Information Technology) | 12911 |
| 454 | momo.com, Inc. (Consumer Discretionary) | 8814 |
| 22972 | Nan Ya Plastics Corp. (Materials) | 57160 |
| 1039 | Nan Ya Printed Circuit Board Corp. (Information Technology) | 9060 |
| 5441 | Nanya Technology Corp. (Information Technology) | 10000 |
| 680 | Nien Made Enterprise Co. Ltd. (Consumer Discretionary) | 6403 |
| 2605 | Novatek Microelectronics Corp. (Information Technology) | 25160 |
| 1090 | Oneness Biotech Co. Ltd. (Health Care)\* | 10087 |
| 7956 | Pegatron Corp. (Information Technology) | 15961 |
| 953 | PharmaEssentia Corp. (Health Care)\* | 16343 |
| 803 | Phison Electronics Corp. (Information Technology) | 8483 |
| 1390 | Polaris Group/Tw (Health Care)\* | 4857 |
| 10986 | Pou Chen Corp. (Consumer Discretionary) | 11464 |
| 14131 | Powerchip Semiconductor Manufacturing Corp. (Information Technology) | 15226 |
| 3114 | Powertech Technology, Inc. (Information Technology) | 8423 |
| 2571 | President Chain Store Corp. (Consumer Staples) | 22669 |
| 12750 | Quanta Computer, Inc. (Information Technology) | 29538 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Taiwan – (continued)** | **Taiwan – (continued)** | **Taiwan – (continued)** |
| 2117 | Realtek Semiconductor Corp. (Information Technology) | $21714 |
| 8638 | Ruentex Development Co. Ltd. (Real Estate) | 12899 |
| 3438 | Ruentex Industries Ltd. (Consumer Discretionary) | 7375 |
| 19407 | Shanghai Commercial & Savings Bank Ltd. (The) (Financials) | 31900 |
| 64149 | Shin Kong Financial Holding Co. Ltd. (Financials) | 18494 |
| 160 | Silicon Motion Technology Corp. ADR (Information Technology) | 10096 |
| 2461 | Sino-American Silicon Products, Inc. (Information Technology) | 12661 |
| 48417 | SinoPac Financial Holdings Co. Ltd. (Financials) | 28512 |
| 2564 | Standard Foods Corp. (Consumer Staples) | 3389 |
| 6140 | Synnex Technology International Corp. (Information Technology) | 11582 |
| 7991 | TA Chen Stainless Pipe (Materials) | 10407 |
| 52694 | Taishin Financial Holding Co. Ltd. (Financials) | 25831 |
| 28197 | Taiwan Business Bank (Financials) | 11952 |
| 28205 | Taiwan Cement Corp. (Materials) | 30938 |
| 45490 | Taiwan Cooperative Financial Holding Co. Ltd. (Financials) | 39226 |
| 3645 | Taiwan Fertilizer Co. Ltd. (Materials) | 6640 |
| 10626 | Taiwan High Speed Rail Corp. (Industrials) | 9954 |
| 8402 | Taiwan Mobile Co. Ltd. (Communication Services) | 25963 |
| 118268 | Taiwan Semiconductor Manufacturing Co. Ltd. (Information Technology) | 1875113 |
| 9811 | Tatung Co. Ltd. (Industrials)\* | 10333 |
| 7665 | Teco Electric and Machinery Co. Ltd. (Industrials) | 6982 |
| 2223 | Tripod Technology Corp. (Information Technology) | 6977 |
| 5640 | Unimicron Technology Corp. (Information Technology) | 28377 |
| 22576 | Uni-President Enterprises Corp. (Consumer Staples) | 48285 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Taiwan – (continued)** | **Taiwan – (continued)** | **Taiwan – (continued)** |
| 56563 | United Microelectronics Corp. (Information Technology)\* | $83823 |
| 4357 | Vanguard International Semiconductor Corp. (Information Technology) | 11603 |
| 1483 | VisEra Technologies Co. Ltd. (Information Technology) | 11492 |
| 309 | Voltronic Power Technology Corp. (Industrials) | 17297 |
| 14268 | Walsin Lihwa Corp. (Industrials) | 21560 |
| 1518 | Walsin Technology Corp. (Information Technology) | 4288 |
| 3118 | Wan Hai Lines Ltd. (Industrials) | 7678 |
| 1571 | Win Semiconductors Corp. (Information Technology) | 7930 |
| 13273 | Winbond Electronics Corp. (Information Technology) | 9105 |
| 12927 | Wistron Corp. (Information Technology) | 11565 |
| 387 | Wiwynn Corp. (Information Technology) | 11019 |
| 7512 | WPG Holdings Ltd. (Information Technology) | 11789 |
| 1578 | Yageo Corp. (Information Technology) | 23640 |
| 8562 | Yang Ming Marine Transport Corp. (Industrials) | 18312 |
| 57010 | Yuanta Financial Holding Co. Ltd. (Financials) | 41689 |
| 2383 | Yulon Motor Co. Ltd. (Consumer Discretionary) | 5027 |
| 2978 | Zhen Ding Technology Holding Ltd. (Information Technology) | 11515 |
|  |  | 4574181 |
| **Tanzania – 0.1%** | **Tanzania – 0.1%** | **Tanzania – 0.1%** |
| 1786 | AngloGold Ashanti Ltd. (Materials) | 32380 |
| **Thailand – 2.3%** | **Thailand – 2.3%** | **Thailand – 2.3%** |
| 4900 | Advanced Info Service PCL NVDR (Communication Services) | 26261 |
| 19730 | Airports of Thailand PCL NVDR (Industrials)\* | 41961 |
| 39237 | Asset World Corp. PCL NVDR (Consumer Discretionary) | 7010 |
| 4264 | B Grimm Power PCL NVDR (Utilities) | 4534 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Thailand – (continued)** | **Thailand – (continued)** | **Thailand – (continued)** |
| 4783 | Bangkok Bank PCL NVDR (Financials) | $19531 |
| 8481 | Bangkok Commercial Asset Management PCL NVDR (Financials) | 3607 |
| 28766 | Bangkok Dusit Medical Services PCL NVDR (Health Care) | 24675 |
| 41225 | Bangkok Expressway & Metro PCL NVDR (Industrials) | 10930 |
| 2450 | Bangkok Life Assurance PCL NVDR (Financials) | 2067 |
| 17043 | Banpu PCL NVDR (Energy) | 6331 |
| 4769 | Berli Jucker PCL NVDR (Consumer Staples) | 4632 |
| 10277 | Beyond Securities PCL NVDR (Financials)\* | 3963 |
| 37715 | BTS Group Holdings PCL NVDR (Industrials) | 8984 |
| 2527 | Bumrungrad Hospital PCL NVDR (Health Care) | 16266 |
| 1716 | Carabao Group PCL NVDR (Consumer Staples) | 4647 |
| 8066 | Central Pattana PCL NVDR (Real Estate) | 16583 |
| 15515 | Central Retail Corp. PCL NVDR (Consumer Discretionary) | 18918 |
| 17397 | Charoen Pokphand Foods PCL NVDR (Consumer Staples) | 11790 |
| 3951 | Com7 PCL NVDR (Consumer Discretionary) | 3557 |
| 22582 | CP ALL PCL NVDR (Consumer Staples) | 41623 |
| 1052 | Electricity Generating PCL NVDR (Utilities) | 5116 |
| 6776 | Energy Absolute PCL NVDR (Utilities) | 18590 |
| 176 | Fabrinet (Information Technology)\* | 23480 |
| 3916 | Global Power Synergy PCL NVDR (Utilities) | 7718 |
| 20546 | Gulf Energy Development PCL NVDR (Utilities) | 30879 |
| 24011 | Home Product Center PCL NVDR (Consumer Discretionary) | 10009 |
| 9794 | Indorama Ventures PCL NVDR (Materials) | 11803 |
| 4901 | Intouch Holdings PCL NVDR (Communication Services) | 10249 |
| 49747 | IRPC PCL NVDR (Energy) | 4345 |
| 1022 | Jasmine Technology Solution PCL NVDR (Information Technology)\* | 1101 |
| 2800 | Jay Mart PCL NVDR (Information Technology) | 3474 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Thailand – (continued)** | **Thailand – (continued)** | **Thailand – (continued)** |
| 3490 | JMT Network Services PCL NVDR (Financials) | $6631 |
| 7834 | Kasikornbank PCL NVDR (Financials) | 32100 |
| 3122 | KCE Electronics PCL NVDR (Information Technology) | 4272 |
| 21675 | Krung Thai Bank PCL NVDR (Financials) | 10817 |
| 5107 | Krungthai Card PCL NVDR (Financials) | 8508 |
| 28543 | Land & Houses PCL NVDR (Real Estate) | 7770 |
| 14903 | Minor International PCL NVDR (Consumer Discretionary)\* | 12995 |
| 3320 | Muangthai Capital PCL NVDR (Financials) | 3483 |
| 5461 | Ngern Tid Lor PCL NVDR (Financials) | 4259 |
| 7268 | Osotspa PCL NVDR (Consumer Staples) | 5822 |
| 49626 | PSG Corp. PCL NVDR (Industrials)\* | 1646 |
| 6277 | PTT Exploration & Production PCL NVDR (Energy) | 33463 |
| 9947 | PTT Global Chemical PCL NVDR (Materials) | 13539 |
| 13419 | PTT Oil & Retail Business PCL NVDR (Consumer Discretionary) | 9285 |
| 49016 | PTT PCL NVDR (Energy) | 46215 |
| 1325 | Ramkhamhaeng Hospital PCL NVDR (Health Care) | 2066 |
| 3370 | Ratch Group PCL NVDR (Utilities) | 3918 |
| 5081 | SCB X PCL NVDR (Financials) | 15128 |
| 5775 | SCG Packaging PCL NVDR (Materials) | 9048 |
| 1978 | Siam Cement PCL (The) NVDR (Materials) | 18846 |
| 5986 | Siam Global House PCL NVDR (Consumer Discretionary) | 3395 |
| 7019 | Siam Makro PCL NVDR (Consumer Staples) | 7713 |
| 3905 | Srisawad Corp. PCL NVDR (Financials) | 5011 |
| 15917 | STARK Corp. PCL NVDR (Industrials)\* | 1462 |
| 35867 | Thai Beverage PCL (Consumer Staples) | 16621 |
| 19198 | Thai Life Insurance PCL NVDR (Financials)\* | 8166 |
| 5992 | Thai Oil PCL NVDR (Energy) | 9430 |
| 12671 | Thai Union Group PCL NVDR (Consumer Staples) | 6144 |
| 1702 | Thonburi Healthcare Group PCL NVDR (Health Care) | 3065 |
| 2289 | Tisco Financial Group PCL NVDR (Financials) | 6329 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Thailand – (continued)** | **Thailand – (continued)** | **Thailand – (continued)** |
| 200954 | TMBThanachart Bank PCL NVDR (Financials) | $7978 |
| 2701 | TOA Paint Thailand PCL NVDR (Materials) | 2585 |
| 1883 | Total Access Communication PCL NVDR (Communication Services) | 2203 |
| 96273 | True Corp. PCL NVDR (Communication Services) | 12394 |
| 28561 | VGI PCL NVDR (Communication Services) | 3353 |
|  |  | 750294 |
| **Turkey – 1.1%** | **Turkey – 1.1%** | **Turkey – 1.1%** |
| 344 | AG Anadolu Grubu Holding AS (Industrials) | 1980 |
| 15111 | Akbank TAS (Financials) | 14068 |
| 618 | Aksa Akrilik Kimya Sanayii AS (Consumer Discretionary) | 2838 |
| 925 | Aksa Enerji Uretim AS (Utilities) | 2463 |
| 635 | Alarko Holding AS (Industrials) | 2872 |
| 951 | Anadolu Efes Biracilik Ve Malt Sanayii AS (Consumer Staples) | 3289 |
| 12 | Anadolu Isuzu Otomotiv Sanayi Ve Ticaret AS, Class C (Industrials) | 144 |
| 872 | Arcelik AS (Consumer Discretionary) | 4315 |
| 2867 | Aselsan Elektronik Sanayi Ve Ticaret AS (Industrials) | 7481 |
| 682 | Aydem Yenilenebilir Enerji AS (Utilities)\* | 839 |
| 352 | Aygaz AS (Utilities) | 1615 |
| 381 | Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi AS (Utilities) | 453 |
| 1546 | Bera Holding AS (Industrials) | 2458 |
| 2200 | BIM Birlesik Magazalar AS (Consumer Staples) | 15914 |
| 126 | Borusan Mannesmann Boru Sanayi ve Ticaret AS (Materials)\* | 518 |
| 32 | Borusan Yatirim ve Pazarlama AS (Financials) | 1915 |
| 232 | Brisa Bridgestone Sabanci Sanayi ve Ticaret AS (Consumer Discretionary) | 686 |
| 390 | Can2 Termik AS (Utilities)\* | 3008 |
| 12 | Celebi Hava Servisi AS (Industrials) | 422 |
| 259 | Cimsa Cimento Sanayi VE Ticaret AS (Materials) | 1275 |
| 338 | Coca-Cola Icecek AS (Consumer Staples) | 3365 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Turkey – (continued)** | **Turkey – (continued)** | **Turkey – (continued)** |
| 186 | Deva Holding AS (Health Care) | $552 |
| 4573 | Dogan Sirketler Grubu Holding AS (Consumer Discretionary) | 2068 |
| 58 | Dogu Aras Enerji Yatirimlari AS (Utilities) | 682 |
| 170 | Dogus Otomotiv Servis ve Ticaret AS (Consumer Discretionary) | 1430 |
| 87 | Eczacibasi Yatirim Holding Ortakligi AS (Industrials) | 609 |
| 6 | EGE Endustri VE Ticaret AS (Consumer Discretionary) | 1606 |
| 710 | EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS (Consumer Staples) | 1048 |
| 9379 | Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT (Real Estate) | 3475 |
| 1151 | Enerjisa Enerji AS (Utilities)<sup>(a)</sup> | 1784 |
| 8745 | Enka Insaat ve Sanayi AS (Industrials) | 12068 |
| 8232 | Eregli Demir ve Celik Fabrikalari TAS (Materials) | 18887 |
| 158 | Fenerbahce Futbol AS (Communication Services)\* | 565 |
| 308 | Ford Otomotiv Sanayi AS (Consumer Discretionary) | 7370 |
| 422 | GEN Ilac VE Saglik Urunleri Sanayi VE Ticaret AS (Health Care) | 926 |
| 153 | Girisim Elektrik Taahhut Ticaret Ve Sanayi AS (Industrials)\* | 1899 |
| 249 | Gubre Fabrikalari TAS (Materials)\* | 2724 |
| 6445 | Haci Omer Sabanci Holding AS (Financials) | 14537 |
| 5076 | Hektas Ticaret TAS (Materials)\* | 9718 |
| 2254 | Is Gayrimenkul Yatirim Ortakligi AS REIT (Real Estate)\* | 1181 |
| 638 | Is Yatirim Menkul Degerler AS (Financials) | 1620 |
| 2699 | Izmir Demir Celik Sanayi AS (Materials)\* | 954 |
| 105 | Jantsa Jant Sanayi Ve Ticaret AS (Industrials) | 819 |
| 3632 | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Materials) | 2877 |
| 1087 | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class A (Materials) | 666 |
| 196 | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class B (Materials) | 120 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Turkey – (continued)** | **Turkey – (continued)** | **Turkey – (continued)** |
| 85 | Kartonsan Karton Sanayi ve Ticaret AS (Materials) | $454 |
| 435 | Kiler Holding AS (Industrials)\* | 693 |
| 156 | Kizilbuk Gayrimenkul Yatirim Ortakligi AS (Real Estate)\* | 162 |
| 3269 | KOC Holding AS (Industrials) | 12412 |
| 329 | Kontrolmatik Enerji Ve Muhendislik AS (Industrials) | 2896 |
| 4 | Konya Cimento Sanayii AS (Materials)\* | 704 |
| 311 | Kordsa Teknik Tekstil AS (Consumer Discretionary) | 1365 |
| 223 | Koza Altin Isletmeleri AS (Materials) | 4413 |
| 903 | Koza Anadolu Metal Madencilik Isletmeleri AS (Materials)\* | 2217 |
| 365 | Logo Yazilim Sanayi Ve Ticaret AS (Information Technology) | 1231 |
| 468 | Migros Ticaret AS (Consumer Staples)\* | 3378 |
| 369 | MLP Saglik Hizmetleri AS (Health Care)\*<sup>(a)</sup> | 1590 |
| 5410 | ODAS Elektrik Uretim ve Sanayi Ticaret AS (Utilities)\* | 3253 |
| 41 | Otokar Otomotiv Ve Savunma Sanayi A.S. (Industrials) | 2036 |
| 1489 | Oyak Cimento Fabrikalari AS (Materials)\* | 1690 |
| 439 | Oyak Yatirim Menkul Degerler AS (Financials) | 982 |
| 172 | Pegasus Hava Tasimaciligi AS (Industrials)\* | 3626 |
| 747 | Penta Teknoloji Urunleri Dagitim Ticaret AS (Information Technology)\* | 2551 |
| 4972 | Petkim Petrokimya Holding AS (Materials)\* | 4783 |
| 277 | Qua Granite Hayal (Industrials)\* | 867 |
| 1544 | Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS (Industrials) | 2599 |
| 2175 | Sasa Polyester Sanayi AS (Materials)\* | 15172 |
| 573 | Selcuk Ecza Deposu Ticaret ve Sanayi A.S. (Health Care) | 931 |
| 2934 | Sinpas Gayrimenkul Yatirim Ortakligi AS REIT (Real Estate)\* | 494 |
| 372 | Smart Gunes Enerjisi Teknolojileri ArGE Uretim Sanayi ve Ticaret AS (Information Technology)\* | 2161 |
| 1266 | Sok Marketler Ticaret AS (Consumer Staples)\* | 1689 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Turkey – (continued)** | **Turkey – (continued)** | **Turkey – (continued)** |
| 849 | TAV Havalimanlari Holding AS (Industrials)\* | $4007 |
| 892 | Tekfen Holding AS (Industrials) | 2107 |
| 597 | Tofas Turk Otomobil Fabrikasi AS (Consumer Discretionary) | 4611 |
| 879 | Torunlar Gayrimenkul Yatirim Ortakligi AS REIT (Real Estate)\* | 891 |
| 3421 | Turk Hava Yollari AO (Industrials)\* | 22078 |
| 150 | Turk Prysmian Kablo ve Sistemleri AS (Industrials) | 305 |
| 2446 | Turk Telekomunikasyon AS (Communication Services) | 2286 |
| 65 | Turk Traktor ve Ziraat Makineleri AS (Industrials) | 1802 |
| 5788 | Turkcell Iletisim Hizmetleri AS (Communication Services) | 10546 |
| 3018 | Turkiye Halk Bankasi AS (Financials)\* | 1643 |
| 16855 | Turkiye Is Bankasi AS, Class C (Financials) | 9391 |
| 598 | Turkiye Petrol Rafinerileri AS (Energy)\* | 15479 |
| 1004 | Turkiye Sigorta AS (Financials) | 666 |
| 4986 | Turkiye Sinai Kalkinma Bankasi AS (Financials)\* | 1067 |
| 6403 | Turkiye Sise ve Cam Fabrikalari AS (Industrials) | 13464 |
| 5551 | Turkiye Vakiflar Bankasi TAO, Class D (Financials)\* | 2959 |
| 880 | Ulker Biskuvi Sanayi AS (Consumer Staples)\* | 1714 |
| 133 | Verusa Holding AS (Financials) | 876 |
| 1245 | Vestel Beyaz Esya Sanayi ve Ticaret AS (Consumer Discretionary) | 850 |
| 439 | Vestel Elektronik Sanayi ve Ticaret AS (Consumer Discretionary)\* | 1408 |
| 12869 | Yapi ve Kredi Bankasi AS (Financials) | 8340 |
| 346 | Yayla Agro Gida Sanayi VE Nakliyat AS (Consumer Staples)\* | 743 |
| 4361 | Ziraat Gayrimenkul Yatirim Ortakligi AS (Real Estate) | 1267 |
| 2751 | Zorlu Enerji Elektrik Uretim AS (Utilities)\* | 1167 |
|  |  | 346119 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United Arab Emirates – 2.4%** | **United Arab Emirates – 2.4%** | **United Arab Emirates – 2.4%** |
| 13556 | Abu Dhabi Commercial Bank PJSC (Financials) | $36132 |
| 7669 | Abu Dhabi National Energy Co. PJSC (Utilities) | 7287 |
| 14099 | Abu Dhabi National Oil Co. for Distribution PJSC (Consumer Discretionary) | 17504 |
| 8632 | ADNOC Drilling Co. PJSC (Energy) | 7661 |
| 17376 | Aldar Properties PJSC (Real Estate) | 22471 |
| 6753 | Alpha Dhabi Holding PJSC (Industrials)\* | 49641 |
| 14841 | Borouge PLC (Materials) | 10829 |
| 43850 | Dubai Electricity & Water Authority PJSC (Utilities) | 27817 |
| 14205 | Dubai Islamic Bank PJSC (Financials) | 21967 |
| 19658 | Emaar Properties PJSC (Real Estate) | 32540 |
| 11976 | Emirates NBD Bank PJSC (Financials) | 43202 |
| 16949 | Emirates Telecommunications Group Co. PJSC (Communication Services) | 119054 |
| 21531 | First Abu Dhabi Bank PJSC (Financials) | 103170 |
| 2330 | International Holding Co. PJSC (Industrials)\* | 258121 |
|  |  | 757396 |
| **United States – 0.1%** | **United States – 0.1%** | **United States – 0.1%** |
| 3399 | JBS SA (Consumer Staples) | 14252 |
| **TOTAL COMMON STOCKS**<br> **(Cost $28,734,640)** | **TOTAL COMMON STOCKS**<br> **(Cost $28,734,640)** | $31065277 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Rate** | **Value** |
| **Preferred Stocks – 2.2%** | **Preferred Stocks – 2.2%** | **Preferred Stocks – 2.2%** | **Preferred Stocks – 2.2%** |
| **Brazil – 1.3%** | **Brazil – 1.3%** | **Brazil – 1.3%** | **Brazil – 1.3%** |
| 1182 | Alpargatas SA (Consumer Discretionary) | 2.64% | $3765 |
| 25279 | Banco Bradesco SA (Financials) | 4.11 | 74893 |
| 1237 | Bradespar SA (Materials) | 31.81 | 6657 |
| 943 | Braskem SA, Class A (Materials) | 33.24 | 5046 |
| 1183 | Centrais Eletricas Brasileiras SA, Class B (Utilities) | 3.36 | 11041 |
| 6989 | Cia Energetica de Minas Gerais (Utilities) | 12.24 | 15257 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Rate** | **Value** |
| **Preferred Stocks – (continued)** | **Preferred Stocks – (continued)** | **Preferred Stocks – (continued)** | **Preferred Stocks – (continued)** |
| **Brazil – (continued)** | **Brazil – (continued)** | **Brazil – (continued)** | **Brazil – (continued)** |
| 5559 | Gerdau SA (Materials) | 16.46% | $33372 |
| 23485 | Itau Unibanco Holding SA (Financials) | 2.05 | 116112 |
| 25168 | Itausa SA (Financials) | 4.77 | 42499 |
| 22244 | Petroleo Brasileiro SA (Energy) | 41.08 | 112768 |
| 4737 | Raizen SA (Energy) | 2.12 | 3648 |
| 2397 | Usinas Siderurgicas de Minas Gerais SA Usiminas (Materials) | 11.01 | 3564 |
|  |  |  | 428622 |
| **Chile – 0.2%** | **Chile – 0.2%** | **Chile – 0.2%** | **Chile – 0.2%** |
| 696 | Sociedad Quimica y Minera de Chile SA, Class B (Materials) | 6.15 | 68648 |
| **Colombia – 0.1%** | **Colombia – 0.1%** | **Colombia – 0.1%** | **Colombia – 0.1%** |
| 2217 | Bancolombia SA (Financials) | 7.61 | 14723 |
| **Russia – 0.0%** | **Russia – 0.0%** | **Russia – 0.0%** | **Russia – 0.0%** |
| 4252 | Sberbank of Russia PJSC (Financials)\*<sup>(c)</sup> | 0.00 |  |
| 31665 | Surgutneftegas PJSC (Energy)<sup>(c)</sup> | 19.10 |  |
| 640 | Tatneft PJSC (Energy)<sup>(c)</sup> | 18.75 |  |
| **South Korea – 0.6%** | **South Korea – 0.6%** | **South Korea – 0.6%** | **South Korea – 0.6%** |
| 174 | Hyundai Motor Co. (Consumer Discretionary) | 6.33 | 10845 |
| 109 | Hyundai Motor Co. (Consumer Discretionary) | 6.27 | 6926 |
| 38 | LG Chem Ltd. (Materials) | 3.80 | 9652 |
| 90 | LG Electronics, Inc. (Consumer Discretionary) | 1.96 | 3129 |
| 4009 | Samsung Electronics Co. Ltd. (Information Technology) | 2.60 | 169923 |
|  |  |  | 200475 |
| **TOTAL PREFERRED STOCKS**<br> **(Cost $675,886)** | **TOTAL PREFERRED STOCKS**<br> **(Cost $675,886)** | **TOTAL PREFERRED STOCKS**<br> **(Cost $675,886)** | $712468 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Units** | **Description** | **Expiration<br>Month** | |
| **Right – 0.0%** | **Right – 0.0%** | **Right – 0.0%** | **Value** |
| **Taiwan – 0.0%** | **Taiwan – 0.0%** | **Taiwan – 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1422 | Shanghai Commercial & Savings Bank Ltd. (The) |  |  |
| **(Cost $0)** | **(Cost $0)** | 12/22 | $— |
| **Shares** | **Description** | **Description** | **Value** |
| **Exchange-Traded Fund – 0.9%** | **Exchange-Traded Fund – 0.9%** | **Exchange-Traded Fund – 0.9%** | **Exchange-Traded Fund – 0.9%** |
| **United States – 0.9%** | **United States – 0.9%** | **United States – 0.9%** | **United States – 0.9%** |
| 12873 | iShares MSCI Malaysia ETF<sup>(b)</sup> |  |  |
| **(Cost $302,161)** | **(Cost $302,161)** |  | $292217 |
| **TOTAL INVESTMENTS BEFORE SECURITIES LENDING<br>REINVESTMENT VEHICLE**<br> **(Cost $29,712,687)** | **TOTAL INVESTMENTS BEFORE SECURITIES LENDING<br>REINVESTMENT VEHICLE**<br> **(Cost $29,712,687)** | **TOTAL INVESTMENTS BEFORE SECURITIES LENDING<br>REINVESTMENT VEHICLE**<br> **(Cost $29,712,687)** | $32069962 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend<br>Rate** | **Value** |
| **Securities Lending Reinvestment Vehicle – 1.2%<sup>(d)</sup>** | **Securities Lending Reinvestment Vehicle – 1.2%<sup>(d)</sup>** | **Securities Lending Reinvestment Vehicle – 1.2%<sup>(d)</sup>** |
| Goldman Sachs Financial Square Government Fund – Institutional<br>Shares | Goldman Sachs Financial Square Government Fund – Institutional<br>Shares | Goldman Sachs Financial Square Government Fund – Institutional<br>Shares |
| 391992 | 3.727% | $391992 |
| **(Cost $391,992)** | **(Cost $391,992)** |  |
| **TOTAL INVESTMENTS – 101.0%**<br> **(Cost $30,104,679)** | **TOTAL INVESTMENTS – 101.0%**<br> **(Cost $30,104,679)** | $32461954 |
| **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (1.0)%** | **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (1.0)%** | (341588) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $32120366 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |
| (a) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (b) | All or a portion of security is on loan. |
| (c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (d) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| ADR | — American Depositary Receipt |
| NVDR | — Non-Voting Depository Receipt |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF

*November 30, 2022 (Unaudited)* 

------

**ADDITIONAL INVESTMENT INFORMATION** 

------

---

| | |
|:---|:---|
| **Sector Name** | **% of Market<br>Value** |
| Financials | 21.7% |
| Information Technology | 18.6 |
| Consumer Discretionary | 12.6 |
| Materials | 8.7 |
| Communication Services | 8.5 |
| Industrials | 7.5 |
| Energy | 6.1 |
| Consumer Staples | 5.8 |
| Health Care | 3.6 |
| Utilities | 3.0 |
| Real Estate | 1.8 |
| Exchange-Traded Fund | 0.9 |
| Securities Lending Reinvestment Vehicle | 1.2 |
| **TOTAL INVESTMENTS** | 100.0% |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 98.8%** | **Common Stocks – 98.8%** | **Common Stocks – 98.8%** |
| **Australia – 8.7%** | **Australia – 8.7%** | **Australia – 8.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13543 | AGL Energy Ltd. (Utilities) | $72195 |
| 13447 | Allkem Ltd. (Materials)\* | 122925 |
| 58819 | Alumina Ltd. (Materials) | 59678 |
| 70696 | AMP Ltd. (Financials)\* | 64389 |
| 5430 | Ampol Ltd. (Energy) | 103967 |
| 26941 | APA Group (Utilities) | 201894 |
| 14063 | Aristocrat Leisure Ltd. (Consumer Discretionary) | 329912 |
| 4368 | ASX Ltd. (Financials) | 206142 |
| 31096 | Atlas Arteria Ltd. (Industrials) | 146400 |
| 41942 | Aurizon Holdings Ltd. (Industrials) | 107017 |
| 64825 | Australia & New Zealand Banking Group Ltd. (Financials) | 1074045 |
| 115647 | BHP Group Ltd. (Materials) | 3525470 |
| 10679 | BlueScope Steel Ltd. (Materials) | 125370 |
| 31556 | Brambles Ltd. (Industrials) | 255921 |
| 7574 | carsales.com Ltd. (Communication Services) | 115852 |
| 9913 | Charter Hall Group REIT (Real Estate) | 92610 |
| 1497 | Cochlear Ltd. (Health Care) | 214584 |
| 29637 | Coles Group Ltd. (Consumer Staples) | 336422 |
| 38716 | Commonwealth Bank of Australia (Financials) | 2796606 |
| 24408 | Dexus REIT (Real Estate) | 130768 |
| 1377 | Domino's Pizza Enterprises Ltd. (Consumer Discretionary) | 61214 |
| 3599 | EBOS Group Ltd. (Health Care) | 91537 |
| 28739 | Endeavour Group Ltd. (Consumer Staples) | 134148 |
| 41356 | Evolution Mining Ltd. (Materials) | 74503 |
| 3968 | Flutter Entertainment PLC (Consumer Discretionary)\* | 575056 |
| 40900 | Fortescue Metals Group Ltd. (Materials) | 530833 |
| 234553 | Glencore PLC (Materials) | 1574020 |
| 37760 | Goodman Group REIT (Real Estate) | 483504 |
| 43627 | GPT Group (The) REIT (Real Estate) | 130892 |
| 4745 | IDP Education Ltd. (Consumer Discretionary) | 94665 |
| 16866 | IGO Ltd. (Materials) | 173946 |
| 56277 | Insurance Australia Group Ltd. (Financials) | 180152 |
| 15721 | Lendlease Corp. Ltd. (Real Estate) | 80121 |
| 50816 | Lottery Corp. Ltd. (The) (Consumer Discretionary)\* | 156885 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Australia – (continued)** | **Australia – (continued)** | **Australia – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20511 | Lynas Rare Earths Ltd. (Materials)\* | $118681 |
| 8380 | Macquarie Group Ltd. (Financials) | 1002936 |
| 62675 | Medibank Pvt Ltd. (Financials) | 122982 |
| 3744 | Mineral Resources Ltd. (Materials) | 219193 |
| 89699 | Mirvac Group REIT (Real Estate) | 133959 |
| 72011 | National Australia Bank Ltd. (Financials) | 1521041 |
| 20350 | Newcrest Mining Ltd. (Materials) | 269979 |
| 26291 | Northern Star Resources Ltd. (Materials) | 186635 |
| 10286 | Orica Ltd. (Materials) | 102157 |
| 38907 | Origin Energy Ltd. (Utilities) | 204800 |
| 6939 | OZ Minerals Ltd. (Materials) | 127469 |
| 54466 | Pilbara Minerals Ltd. (Materials)\* | 169978 |
| 42738 | Qantas Airways Ltd. (Industrials)\* | 178599 |
| 33755 | QBE Insurance Group Ltd. (Financials) | 290936 |
| 4237 | Ramsay Health Care Ltd. (Health Care) | 186737 |
| 1143 | REA Group Ltd. (Communication Services) | 94390 |
| 6788 | Reece Ltd. (Industrials) | 69734 |
| 8476 | Rio Tinto Ltd. (Materials) | 622245 |
| 24360 | Rio Tinto PLC (Materials) | 1620227 |
| 76231 | Santos Ltd. (Energy) | 377784 |
| 118367 | Scentre Group REIT (Real Estate) | 235433 |
| 7435 | SEEK Ltd. (Communication Services) | 109941 |
| 4088 | Seven Group Holdings Ltd. (Industrials)<sup>(a)</sup> | 57383 |
| 10862 | Sonic Healthcare Ltd. (Health Care) | 234814 |
| 103353 | South32 Ltd. (Materials) | 278246 |
| 49109 | Stockland REIT (Real Estate) | 124976 |
| 28801 | Suncorp Group Ltd. (Financials) | 229913 |
| 261024 | Telstra Group Ltd. (Communication Services) | 695735 |
| 9763 | TPG Telecom Ltd. (Communication Services) | 31972 |
| 70082 | Transurban Group (Industrials) | 670686 |
| 16472 | Treasury Wine Estates Ltd. (Consumer Staples) | 152232 |
| 87634 | Vicinity Ltd. REIT (Real Estate) | 119138 |
| 5270 | Washington H Soul Pattinson & Co. Ltd. (Energy) | 99915 |
| 25851 | Wesfarmers Ltd. (Consumer Discretionary) | 840864 |
| 79793 | Westpac Banking Corp. (Financials) | 1270207 |
| 18754 | Whitehaven Coal Ltd. (Energy) | 126098 |
| 3953 | WiseTech Global Ltd. (Information Technology) | 150871 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Australia – (continued)** | **Australia – (continued)** | **Australia – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43357 | Woodside Energy Group Ltd. (Energy) | $1082760 |
| 27691 | Woolworths Group Ltd. (Consumer Staples) | 639235 |
|  |  | 29194524 |
| **Austria – 0.4%** | **Austria – 0.4%** | **Austria – 0.4%** |
| 5963 | ams-OSRAM AG (Information Technology)\* | 48105 |
| 1646 | ANDRITZ AG (Industrials) | 88045 |
| 2036 | BAWAG Group AG (Financials)\*<sup>(b)</sup> | 103477 |
| 929 | CA Immobilien Anlagen AG (Real Estate) | 30323 |
| 7944 | Erste Group Bank AG (Financials) | 242114 |
| 808 | EVN AG (Utilities) | 14709 |
| 319 | Mayr Melnhof Karton AG (Materials) | 53210 |
| 11080 | Mondi PLC (Materials) | 203602 |
| 3251 | OMV AG (Energy) | 167905 |
| 3095 | Raiffeisen Bank International AG (Financials)\* | 47897 |
| 739 | Verbund AG (Utilities) | 65476 |
| 818 | Vienna Insurance Group AG Wiener Versicherung Gruppe (Financials) | 18782 |
| 2536 | voestalpine AG (Materials) | 67787 |
| 2493 | Wienerberger AG (Materials) | 64635 |
|  |  | 1216067 |
| **Belgium – 0.8%** | **Belgium – 0.8%** | **Belgium – 0.8%** |
| 504 | Ackermans & van Haaren NV (Industrials) | 78361 |
| 3926 | Ageas SA/NV (Financials) | 155511 |
| 16697 | Anheuser-Busch InBev SA/NV (Consumer Staples) | 963616 |
| 1592 | Azelis Group NV (Industrials) | 41964 |
| 503 | D'ieteren Group (Consumer Discretionary) | 93587 |
| 655 | Elia Group SA/NV (Utilities) | 91721 |
| 1195 | Etablissements Franz Colruyt NV (Consumer Staples) | 30982 |
| 2288 | Groupe Bruxelles Lambert NV (Financials) | 180504 |
| 6397 | KBC Group NV (Financials) | 347381 |
| 3240 | Proximus SADP (Communication Services) | 33354 |
| 344 | Sofina SA (Financials) | 72823 |
| 1618 | Solvay SA (Materials) | 156402 |
| 2760 | UCB SA (Health Care) | 218196 |
| 4609 | Umicore SA (Materials) | 162302 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Belgium – (continued)** | **Belgium – (continued)** | **Belgium – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3301 | Warehouses De Pauw CVA REIT (Real Estate) | $85992 |
|  |  | 2712696 |
| **Brazil – 0.1%** | **Brazil – 0.1%** | **Brazil – 0.1%** |
| 3710 | Yara International ASA (Materials) | 167433 |
| **Chile – 0.0%** | **Chile – 0.0%** | **Chile – 0.0%** |
| 7898 | Antofagasta PLC (Materials) | 132480 |
| **China – 1.2%** | **China – 1.2%** | **China – 1.2%** |
| 93059 | Alibaba Health Information Technology Ltd. (Consumer Discretionary)\* | 76183 |
| 38069 | Budweiser Brewing Co. APAC Ltd. (Consumer Staples)<sup>(b)</sup> | 109249 |
| 14602 | BYD Electronic International Co. Ltd. (Information Technology) | 47517 |
| 78117 | China Evergrande New Energy Vehicle Group Ltd. (Health Care)\*<sup>(c)</sup> |  |
| 48860 | China Gas Holdings Ltd. (Utilities) | 62034 |
| 69350 | China Mengniu Dairy Co. Ltd. (Consumer Staples)\* | 309190 |
| 39882 | Chow Tai Fook Jewellery Group Ltd. (Consumer Discretionary) | 69795 |
| 191273 | CSPC Pharmaceutical Group Ltd. (Health Care) | 244804 |
| 54293 | ESR Group Ltd. (Real Estate)<sup>(b)</sup> | 122699 |
| 51342 | Fosun International Ltd. (Industrials) | 39071 |
| 1787 | Futu Holdings Ltd. ADR (Financials)\* | 109883 |
| 136324 | Geely Automobile Holdings Ltd. (Consumer Discretionary) | 198753 |
| 5988 | NXP Semiconductors NV (Information Technology) | 1052930 |
| 18057 | Prosus NV (Consumer Discretionary)\* | 1161839 |
| 28068 | Shimao Group Holdings Ltd. (Real Estate)\*<sup>(c)</sup> | 7947 |
| 30424 | Wharf Holdings Ltd. (The) (Real Estate) | 82048 |
| 40069 | Wilmar International Ltd. (Consumer Staples) | 119888 |
| 37045 | Xinyi Glass Holdings Ltd. (Industrials) | 71000 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **China – (continued)** | **China – (continued)** | **China – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63529 | Yangzijiang Shipbuilding Holdings Ltd. (Industrials) | $66297 |
|  |  | 3951127 |
| **Colombia – 0.0%** | **Colombia – 0.0%** | **Colombia – 0.0%** |
| 3902 | Millicom International Cellular SA SDR (Communication Services)\* | 51868 |
| **Denmark – 2.6%** | **Denmark – 2.6%** | **Denmark – 2.6%** |
| 62 | AP Moller – Maersk A/S, Class A (Industrials) | 129000 |
| 105 | AP Moller – Maersk A/S, Class B (Industrials) | 223120 |
| 2098 | Carlsberg AS, Class B (Consumer Staples) | 259473 |
| 2344 | Chr Hansen Holding A/S (Materials) | 141671 |
| 2791 | Coloplast A/S, Class B (Health Care) | 322076 |
| 15459 | Danske Bank A/S (Financials) | 272855 |
| 2059 | Demant A/S (Health Care)\* | 57007 |
| 4133 | DSV A/S (Industrials) | 640230 |
| 1475 | Genmab A/S (Health Care)\* | 667494 |
| 36879 | Novo Nordisk A/S, Class B (Health Care) | 4513066 |
| 4628 | Novozymes A/S, Class B (Materials) | 262930 |
| 4079 | Orsted AS (Utilities)<sup>(b)</sup> | 350377 |
| 2083 | Pandora A/S (Consumer Discretionary) | 152137 |
| 7890 | Tryg A/S (Financials) | 180765 |
| 22374 | Vestas Wind Systems A/S (Industrials) | 555842 |
|  |  | 8728043 |
| **Faroe Islands – 0.0%** | **Faroe Islands – 0.0%** | **Faroe Islands – 0.0%** |
| 1132 | Bakkafrost P/F (Consumer Staples) | 61305 |
| **Finland – 1.3%** | **Finland – 1.3%** | **Finland – 1.3%** |
| 3357 | Elisa OYJ (Communication Services) | 171997 |
| 9671 | Fortum OYJ (Utilities) | 151507 |
| 2169 | Huhtamaki OYJ (Materials) | 78345 |
| 5507 | Kesko OYJ, Class B (Consumer Staples) | 116184 |
| 8070 | Kone OYJ, Class B (Industrials) | 394774 |
| 15807 | Metso Outotec OYJ (Industrials) | 145635 |
| 10812 | Neste OYJ (Energy) | 549281 |
| 119273 | Nokia OYJ (Information Technology) | 571433 |
| 75685 | Nordea Bank Abp (Financials)\* | 780226 |
| 2333 | Orion OYJ, Class B (Health Care) | 121886 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Finland – (continued)** | **Finland – (continued)** | **Finland – (continued)** |
| 9901 | Sampo OYJ, Class A (Financials) | $494844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13202 | Stora Enso OYJ, Class R (Materials) | 189968 |
| 12051 | UPM-Kymmene OYJ (Materials) | 433919 |
| 12565 | Wartsila OYJ Abp (Industrials) | 106580 |
|  |  | 4306579 |
| **France – 9.7%** | **France – 9.7%** | **France – 9.7%** |
| 9144 | Adevinta ASA (Communication Services)\* | 70842 |
| 640 | Aeroports de Paris (Industrials)\* | 96705 |
| 11900 | Air Liquide SA (Materials) | 1693587 |
| 13331 | Airbus SE (Industrials) | 1498909 |
| 51797 | AXA SA (Financials) | 1441052 |
| 1091 | BioMerieux (Health Care) | 107909 |
| 25673 | BNP Paribas SA (Financials) | 1412380 |
| 18069 | Bollore SE (Communication Services) | 99721 |
| 6500 | Bouygues SA (Industrials) | 197837 |
| 3703 | Capgemini SE (Information Technology) | 651988 |
| 13316 | Carrefour SA (Consumer Staples) | 225200 |
| 9711 | Cie de Saint-Gobain (Industrials) | 437403 |
| 16308 | Cie Generale des Etablissements Michelin (Consumer Discretionary) | 448754 |
| 32632 | Credit Agricole SA (Financials) | 322892 |
| 14742 | Danone SA (Consumer Staples) | 760170 |
| 15482 | Dassault Systemes (Information Technology) | 559292 |
| 14796 | Electricite de France SA (Utilities) | 182816 |
| 39570 | Engie SA (Utilities) | 591592 |
| 6942 | EssilorLuxottica SA (Health Care) | 1267311 |
| 774 | Hermes International (Consumer Discretionary) | 1229294 |
| 1636 | Kering (Consumer Discretionary) | 955790 |
| 5527 | L'Oreal SA (Consumer Staples) | 2019123 |
| 5971 | Legrand SA (Industrials) | 476350 |
| 5880 | LVMH Moet Hennessy Louis Vuitton SE (Consumer Discretionary) | 4463868 |
| 45713 | Orange SA (Communication Services) | 459764 |
| 4568 | Pernod Ricard SA (Consumer Staples)<sup>(a)</sup> | 888715 |
| 8646 | Safran SA (Industrials) | 1045315 |
| 24703 | Sanofi (Health Care) | 2199658 |
| 551 | Sartorius Stedim Biotech (Health Care) | 183420 |
| 18876 | Societe Generale SA (Financials) | 466262 |
| 1898 | Sodexo SA (Consumer Discretionary) | 179207 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **France – (continued)** | **France – (continued)** | **France – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1323 | Teleperformance (Industrials) | $293424 |
| 2411 | Thales SA (Industrials) | 303236 |
| 59807 | TotalEnergies SE (Energy)<sup>(a)</sup> | 3713908 |
| 13072 | Vinci SA (Industrials) | 1300465 |
| 5087 | Worldline SA (Information<br>Technology)\*<sup>(b)</sup> | 235441 |
|  |  | 32479600 |
| **Germany – 6.9%** | **Germany – 6.9%** | **Germany – 6.9%** |
| 3716 | adidas AG (Consumer Discretionary) | 467789 |
| 9046 | Allianz SE (Financials) | 1903360 |
| 20975 | BASF SE (Materials) | 1047774 |
| 21657 | Bayer AG (Health Care) | 1234926 |
| 7327 | Bayerische Motoren Werke AG (Consumer Discretionary) | 651144 |
| 2234 | Beiersdorf AG (Consumer Staples) | 239110 |
| 2052 | BioNTech SE ADR (Health Care) | 338055 |
| 837 | Carl Zeiss Meditec AG (Health Care) | 111304 |
| 2466 | Continental AG (Consumer Discretionary) | 145441 |
| 4279 | Covestro AG (Materials)<sup>(b)</sup> | 168172 |
| 8909 | Daimler Truck Holding AG (Industrials)\* | 287762 |
| 41309 | Deutsche Bank AG (Financials) | 430527 |
| 4187 | Deutsche Boerse AG (Financials) | 758331 |
| 22148 | Deutsche Post AG (Industrials) | 862702 |
| 74054 | Deutsche Telekom AG (Communication Services) | 1479702 |
| 48676 | E.ON SE (Utilities) | 457288 |
| 4046 | Evonik Industries AG (Materials) | 78008 |
| 4546 | Fresenius Medical Care AG & Co. KGaA (Health Care) | 139113 |
| 9084 | Fresenius SE & Co. KGaA (Health Care) | 248425 |
| 1371 | Hannover Rueck SE (Financials) | 256356 |
| 554 | Hapag-Lloyd AG (Industrials)<sup>(a)(b)</sup> | 115454 |
| 3303 | HeidelbergCement AG (Materials) | 177257 |
| 2302 | Henkel AG & Co. KGaA (Consumer Staples) | 150985 |
| 27994 | Infineon Technologies AG (Information Technology) | 908533 |
| 1510 | Knorr-Bremse AG (Industrials) | 84331 |
| 18872 | Mercedes-Benz Group AG (Consumer Discretionary) | 1251392 |
| 2951 | Merck KGaA (Health Care) | 528091 |
| 1186 | MTU Aero Engines AG (Industrials) | 244721 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Germany – (continued)** | **Germany – (continued)** | **Germany – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3198 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Financials) | $991798 |
| 2296 | Puma SE (Consumer Discretionary) | 115131 |
| 14275 | RWE AG (Utilities) | 617327 |
| 23675 | SAP SE (Information Technology) | 2546418 |
| 18247 | Siemens AG (Industrials) | 2465365 |
| 9947 | Siemens Energy AG (Industrials)<sup>(a)</sup> | 161925 |
| 6328 | Siemens Healthineers AG (Health Care)<sup>(b)</sup> | 330082 |
| 2937 | Symrise AG (Materials) | 329474 |
| 1217 | Talanx AG (Financials) | 53331 |
| 17919 | Telefonica Deutschland Holding AG (Communication Services) | 42214 |
| 1263 | Vantage Towers AG (Communication Services) | 42551 |
| 654 | Volkswagen AG (Consumer Discretionary) | 123264 |
| 17268 | Vonovia SE (Real Estate) | 417652 |
| 5294 | Zalando SE (Consumer Discretionary)\*<sup>(b)</sup> | 162112 |
|  |  | 23164697 |
| **Hong Kong – 2.5%** | **Hong Kong – 2.5%** | **Hong Kong – 2.5%** |
| 272352 | AIA Group Ltd. (Financials) | 2739047 |
| 22081 | Cathay Pacific Airways Ltd.<br>(Industrials)\*<sup>(a)</sup> | 22801 |
| 37089 | CK Asset Holdings Ltd. (Real Estate) | 221189 |
| 13866 | CK Infrastructure Holdings Ltd. (Utilities) | 69814 |
| 43138 | CLP Holdings Ltd. (Utilities) | 312806 |
| 40490 | Hang Lung Properties Ltd. (Real Estate) | 74594 |
| 16521 | Hang Seng Bank Ltd. (Financials) | 254413 |
| 29992 | Henderson Land Development Co. Ltd. (Real Estate) | 98750 |
| 51911 | HK Electric Investments & HK Electric Investments Ltd. (Utilities) | 38374 |
| 77843 | HKT Trust & HKT Ltd. (Communication Services) | 94543 |
| 247767 | Hong Kong & China Gas Co. Ltd. (Utilities) | 210771 |
| 28929 | Hong Kong Exchanges & Clearing Ltd. (Financials) | 1134107 |
| 26399 | Hongkong Land Holdings Ltd. (Real Estate) | 105860 |
| 4489 | Jardine Matheson Holdings Ltd. (Industrials) | 216909 |
| 48129 | Link REIT (Real Estate) | 323717 |
| 35647 | MTR Corp. Ltd. (Industrials) | 171487 |
| 31239 | New World Development Co. Ltd. (Real Estate) | 73960 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Hong Kong – (continued)** | **Hong Kong – (continued)** | **Hong Kong – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31204 | Power Assets Holdings Ltd. (Utilities) | $160507 |
| 62717 | Prudential PLC (Financials) | 731511 |
| 223887 | Sino Biopharmaceutical Ltd., 02/28/23 (Health Care) | 131369 |
| 74377 | Sino Land Co. Ltd. (Real Estate) | 92525 |
| 31850 | Sun Hung Kai Properties Ltd. (Real Estate) | 382339 |
| 10546 | Swire Pacific Ltd., Class A (Real Estate) | 82485 |
| 18750 | Swire Pacific Ltd., Class B (Real Estate) | 22508 |
| 24026 | Swire Properties Ltd. (Real Estate) | 53805 |
| 31443 | Techtronic Industries Co. Ltd. (Industrials) | 373828 |
| 172494 | WH Group Ltd. (Consumer Staples)<sup>(b)</sup> | 100993 |
| 33640 | Wharf Real Estate Investment Co. Ltd. (Real Estate) | 155152 |
|  |  | 8450164 |
| **Ireland – 0.6%** | **Ireland – 0.6%** | **Ireland – 0.6%** |
| 2935 | AerCap Holdings NV (Industrials)\* | 180209 |
| 17156 | CRH PLC (Materials) | 671434 |
| 3568 | Kerry Group PLC, Class A (Consumer Staples) | 332625 |
| 3491 | Kingspan Group PLC (Industrials) | 192091 |
| 4398 | Ryanair Holdings PLC ADR (Industrials)\* | 332885 |
| 5873 | Smurfit Kappa Group PLC (Materials) | 206993 |
|  |  | 1916237 |
| **Israel – 0.9%** | **Israel – 0.9%** | **Israel – 0.9%** |
| 1484 | Airport City Ltd. (Real Estate)\* | 25845 |
| 3361 | Alony Hetz Properties & Investments Ltd. (Real Estate) | 38478 |
| 4906 | Amot Investments Ltd. (Real Estate) | 31083 |
| 876 | Ashtrom Group Ltd. (Industrials) | 18151 |
| 834 | Azrieli Group Ltd. (Real Estate) | 58037 |
| 27016 | Bank Hapoalim BM (Financials) | 255416 |
| 34188 | Bank Leumi Le-Israel BM (Financials) | 304494 |
| 46282 | Bezeq The Israeli Telecommunication Corp. Ltd. (Communication Services) | 84508 |
| 305 | Big Shopping Centers Ltd. (Real Estate) | 34944 |
| 2295 | Check Point Software Technologies Ltd. (Information Technology)\* | 304845 |
| 216 | Delek Group Ltd. (Energy)\* | 27045 |
| 565 | Elbit Systems Ltd. (Industrials) | 97270 |
| 212 | Elco Ltd. (Industrials) | 12012 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Israel – (continued)** | **Israel – (continued)** | **Israel – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5880 | Energix-Renewable Energies Ltd. (Utilities) | $21302 |
| 22791 | Enlight Renewable Energy Ltd. (Utilities)\* | 50453 |
| 147 | Fattal Holdings 1998 Ltd. (Consumer Discretionary)\* | 14741 |
| 1183 | First International Bank Of Israel Ltd. (The) (Financials) | 50779 |
| 177 | Fox Wizel Ltd. (Consumer Discretionary) | 19545 |
| 652 | Gav-Yam Lands Corp. Ltd. (Real Estate) | 5491 |
| 1731 | Global-e Online Ltd. (Consumer Discretionary)\* | 37338 |
| 2544 | Harel Insurance Investments & Financial Services Ltd. (Financials) | 24664 |
| 16433 | ICL Group Ltd. (Materials) | 133739 |
| 90 | Israel Corp. Ltd. (Materials) | 35945 |
| 26963 | Israel Discount Bank Ltd., Class A (Financials) | 156528 |
| 1436 | JFrog Ltd. (Information Technology)\* | 31563 |
| 1135 | Kornit Digital Ltd. (Industrials)\* | 29101 |
| 737 | Matrix IT Ltd. (Information Technology) | 16834 |
| 1092 | Maytronics Ltd. (Consumer Discretionary) | 12210 |
| 526 | Melisron Ltd. (Real Estate) | 38860 |
| 14457 | Mivne Real Estate KD Ltd. (Real Estate) | 47851 |
| 3427 | Mizrahi Tefahot Bank Ltd. (Financials) | 124057 |
| 1450 | Nice Ltd. (Information Technology)\* | 271904 |
| 608 | Nova Ltd. (Information Technology)\* | 49816 |
| 2123 | OPC Energy Ltd. (Utilities)\* | 23369 |
| 3702 | Phoenix Holdings Ltd. (The) (Financials) | 42210 |
| 2053 | Plus500 Ltd. (Financials) | 46625 |
| 3241 | Shapir Engineering and Industry Ltd. (Industrials) | 27541 |
| 5320 | Shikun & Binui Ltd. (Industrials)\* | 20584 |
| 6056 | Shufersal Ltd. (Consumer Staples) | 38983 |
| 1136 | Strauss Group Ltd. (Consumer Staples) | 28045 |
| 25217 | Teva Pharmaceutical Industries Ltd. (Health Care)\* | 215605 |
| 2496 | Tower Semiconductor Ltd. (Information Technology)\* | 109525 |
| 1272 | Wix.com Ltd. (Information Technology)\* | 115103 |
| 1839 | ZIM Integrated Shipping Services Ltd. (Industrials)<sup>(a)</sup> | 38656 |
|  |  | 3171095 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Italy – 2.0%** | **Italy – 2.0%** | **Italy – 2.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35200 | A2A SpA (Utilities) | $46283 |
| 2833 | Amplifon SpA (Health Care) | 78321 |
| 25479 | Assicurazioni Generali SpA (Financials) | 444412 |
| 4885 | Banca Mediolanum SpA (Financials) | 40530 |
| 12133 | Davide Campari-Milano NV (Consumer Staples) | 125240 |
| 216 | DiaSorin SpA (Health Care) | 28234 |
| 177407 | Enel SpA (Utilities) | 937813 |
| 55487 | Eni SpA (Energy) | 818362 |
| 2898 | Ferrari NV (Consumer Discretionary) | 632294 |
| 13934 | FinecoBank Banca Fineco SpA (Financials) | 221520 |
| 19409 | Hera SpA (Utilities) | 52739 |
| 7156 | Infrastrutture Wireless Italiane SpA (Communication Services)<sup>(b)</sup> | 69983 |
| 1636 | Interpump Group SpA (Industrials) | 71592 |
| 390903 | Intesa Sanpaolo SpA (Financials) | 854091 |
| 9014 | Leonardo SpA (Industrials) | 71132 |
| 13886 | Mediobanca Banca di Credito Finanziario SpA (Financials) | 131739 |
| 4487 | Moncler SpA (Consumer Discretionary) | 226613 |
| 14215 | Nexi SpA (Information Technology)\*<sup>(b)</sup> | 123005 |
| 8958 | Pirelli & C SpA (Consumer Discretionary)<sup>(b)</sup> | 39108 |
| 10541 | Poste Italiane SpA (Financials)<sup>(b)</sup> | 101871 |
| 11700 | PRADA SpA (Consumer Discretionary) | 64080 |
| 5840 | Prysmian SpA (Industrials) | 200840 |
| 2226 | Recordati Industria Chimica e Farmaceutica SpA (Health Care) | 93147 |
| 44893 | Snam SpA (Utilities) | 225019 |
| 732 | Stevanato Group SpA (Health Care) | 11207 |
| 229932 | Telecom Italia SpA (Communication Services)\* | 48818 |
| 137648 | Telecom Italia SpA-RSP (Communication Services)\* | 28530 |
| 32130 | Terna - Rete Elettrica Nazionale (Utilities) | 241834 |
| 43560 | UniCredit SpA (Financials) | 584147 |
| 9715 | UnipolSai Assicurazioni SpA (Financials) | 24427 |
|  |  | 6636931 |
| **Japan – 23.2%** | **Japan – 23.2%** | **Japan – 23.2%** |
| 706 | ABC-Mart, Inc. (Consumer Discretionary) | 35265 |
| 8983 | Acom Co. Ltd. (Financials) | 20665 |
| 4246 | Advantest Corp. (Information Technology) | 277813 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16617 | Aeon Co. Ltd. (Consumer Staples) | $336174 |
| 2101 | Aeon Mall Co. Ltd. (Real Estate) | 24919 |
| 4437 | AGC, Inc. (Industrials) | 146268 |
| 4399 | Air Water, Inc. (Materials) | 50913 |
| 3539 | Aisin Corp. (Consumer Discretionary) | 95488 |
| 12154 | Ajinomoto Co., Inc. (Consumer Staples) | 377581 |
| 4005 | Alfresa Holdings Corp. (Health Care) | 47817 |
| 7708 | Amada Co. Ltd. (Industrials) | 60652 |
| 9952 | ANA Holdings, Inc. (Industrials)\* | 210002 |
| 11038 | Asahi Group Holdings Ltd. (Consumer Staples) | 347894 |
| 4993 | Asahi Intecc Co. Ltd. (Health Care) | 86377 |
| 30269 | Asahi Kasei Corp. (Materials) | 221041 |
| 41486 | Astellas Pharma, Inc. (Health Care) | 632666 |
| 2934 | Azbil Corp. (Information Technology) | 87784 |
| 4280 | Bandai Namco Holdings, Inc. (Consumer Discretionary) | 277430 |
| 3002 | BayCurrent Consulting, Inc. (Industrials) | 96058 |
| 1688 | Benefit One, Inc. (Industrials) | 26129 |
| 12930 | Bridgestone Corp. (Consumer Discretionary) | 478782 |
| 5568 | Brother Industries Ltd. (Information Technology) | 88344 |
| 1818 | Calbee, Inc. (Consumer Staples) | 37835 |
| 22653 | Canon, Inc. (Information Technology) | 521438 |
| 3634 | Capcom Co. Ltd. (Communication Services) | 108728 |
| 4835 | Casio Computer Co. Ltd. (Consumer Discretionary) | 46430 |
| 3888 | Central Japan Railway Co. (Industrials) | 463361 |
| 15297 | Chiba Bank Ltd. (The) (Financials) | 91427 |
| 16637 | Chubu Electric Power Co., Inc. (Utilities) | 153565 |
| 14550 | Chugai Pharmaceutical Co. Ltd. (Health Care) | 377879 |
| 7113 | Chugoku Electric Power Co., Inc. (The) (Utilities) | 36447 |
| 2762 | Coca-Cola Bottlers Japan Holdings, Inc. (Consumer Staples) | 28899 |
| 24489 | Concordia Financial Group Ltd. (Financials) | 83713 |
| 424 | Cosmos Pharmaceutical Corp. (Consumer Staples) | 42418 |
| 9410 | CyberAgent, Inc. (Communication Services) | 82879 |
| 5324 | Dai Nippon Printing Co. Ltd. (Industrials) | 108395 |
| 2629 | Daifuku Co. Ltd. (Industrials) | 132637 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21472 | Dai-ichi Life Holdings, Inc. (Financials) | $391386 |
| 43173 | Daiichi Sankyo Co. Ltd. (Health Care) | 1397847 |
| 6061 | Daikin Industries Ltd. (Industrials) | 973174 |
| 1376 | Daito Trust Construction Co. Ltd. (Real Estate) | 151070 |
| 13872 | Daiwa House Industry Co. Ltd. (Real Estate) | 314044 |
| 49 | Daiwa House REIT Investment Corp. REIT (Real Estate) | 107980 |
| 31717 | Daiwa Securities Group, Inc. (Financials) | 138196 |
| 9772 | Denso Corp. (Consumer Discretionary) | 526206 |
| 4627 | Dentsu Group, Inc. (Communication Services) | 145899 |
| 651 | Disco Corp. (Information Technology) | 189412 |
| 7799 | East Japan Railway Co. (Industrials) | 436563 |
| 2087 | Ebara Corp. (Industrials) | 78670 |
| 6126 | Eisai Co. Ltd. (Health Care) | 409688 |
| 3775 | Electric Power Development Co. Ltd. (Utilities) | 57299 |
| 67376 | ENEOS Holdings, Inc. (Energy) | 225005 |
| 4336 | FANUC Corp. (Industrials) | 632812 |
| 1246 | Fast Retailing Co. Ltd. (Consumer Discretionary) | 721580 |
| 2490 | Food & Life Cos. Ltd. (Consumer Discretionary) | 44522 |
| 3039 | Fuji Electric Co. Ltd. (Industrials) | 122396 |
| 8552 | FUJIFILM Holdings Corp. (Information Technology) | 448315 |
| 4308 | Fujitsu Ltd. (Information Technology) | 570067 |
| 3956 | Fukuoka Financial Group, Inc. (Financials) | 76291 |
| 99 | GLP J REIT (Real Estate) | 109259 |
| 996 | GMO Payment Gateway, Inc. (Information Technology) | 86795 |
| 4997 | Hakuhodo DY Holdings, Inc. (Communication Services) | 47664 |
| 3214 | Hamamatsu Photonics KK (Information Technology) | 164915 |
| 5287 | Hankyu Hanshin Holdings, Inc. (Industrials) | 162543 |
| 1031 | Harmonic Drive Systems, Inc. (Industrials) | 27042 |
| 5780 | Haseko Corp. (Consumer Discretionary) | 62837 |
| 433 | Hikari Tsushin, Inc. (Consumer Discretionary) | 59485 |
| 6111 | Hino Motors Ltd. (Industrials)\* | 27152 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684 | Hirose Electric Co. Ltd. (Information Technology) | $89213 |
| 1490 | Hisamitsu Pharmaceutical Co., Inc. (Health Care) | 41324 |
| 2341 | Hitachi Construction Machinery Co. Ltd. (Industrials) | 53853 |
| 21191 | Hitachi Ltd. (Industrials) | 1108450 |
| 902 | Hitachi Transport System Ltd. (Industrials) | 57466 |
| 36238 | Honda Motor Co. Ltd. (Consumer Discretionary) | 871540 |
| 2513 | Hoshizaki Corp. (Industrials) | 83473 |
| 8058 | Hoya Corp. (Health Care) | 811921 |
| 10847 | Hulic Co. Ltd. (Real Estate) | 89627 |
| 2685 | Ibiden Co. Ltd. (Information Technology) | 106022 |
| 4659 | Idemitsu Kosan Co. Ltd. (Energy) | 108178 |
| 3054 | IHI Corp. (Industrials) | 82292 |
| 3354 | Iida Group Holdings Co. Ltd. (Consumer Discretionary) | 52711 |
| 21710 | Inpex Corp. (Energy) | 238508 |
| 7659 | Isetan Mitsukoshi Holdings Ltd. (Consumer Discretionary) | 72671 |
| 13490 | Isuzu Motors Ltd. (Consumer Discretionary) | 173435 |
| 1252 | Ito En Ltd. (Consumer Staples) | 47284 |
| 33204 | ITOCHU Corp. (Industrials) | 1020106 |
| 1989 | Itochu Techno-Solutions Corp. (Information Technology) | 47751 |
| 5581 | J Front Retailing Co. Ltd. (Consumer Discretionary) | 46355 |
| 9643 | Japan Airlines Co. Ltd. (Industrials)\* | 188866 |
| 11950 | Japan Exchange Group, Inc. (Financials) | 169179 |
| 160 | Japan Metropolitan Fund Invest REIT (Real Estate) | 126243 |
| 9142 | Japan Post Bank Co. Ltd. (Financials) | 68857 |
| 50851 | Japan Post Holdings Co. Ltd. (Financials) | 392843 |
| 4468 | Japan Post Insurance Co. Ltd. (Financials) | 73229 |
| 25149 | Japan Tobacco, Inc. (Consumer Staples) | 507432 |
| 12069 | JFE Holdings, Inc. (Materials) | 131986 |
| 5124 | JGC Holdings Corp. (Industrials) | 69512 |
| 4495 | JSR Corp. (Materials) | 92548 |
| 5182 | JTEKT Corp. (Consumer Discretionary) | 37508 |
| 9681 | Kajima Corp. (Industrials) | 107536 |
| 2897 | Kakaku.com, Inc. (Communication Services) | 50408 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16801 | Kansai Electric Power Co., Inc. (The) (Utilities) | $140390 |
| 4504 | Kansai Paint Co. Ltd. (Materials) | 60585 |
| 10488 | Kao Corp. (Consumer Staples) | 410456 |
| 3509 | Kawasaki Heavy Industries Ltd. (Industrials) | 73580 |
| 5227 | Kawasaki Kisen Kaisha Ltd. (Industrials) | 97318 |
| 34126 | KDDI Corp. (Communication Services) | 1005389 |
| 2271 | Keihan Holdings Co. Ltd. (Industrials) | 56311 |
| 5432 | Keikyu Corp. (Industrials) | 56056 |
| 2452 | Keio Corp. (Industrials) | 89969 |
| 3303 | Keisei Electric Railway Co. Ltd. (Industrials) | 92670 |
| 2326 | Kewpie Corp. (Consumer Staples) | 40789 |
| 4275 | Keyence Corp. (Information Technology) | 1750563 |
| 3202 | Kikkoman Corp. (Consumer Staples) | 177149 |
| 3883 | Kintetsu Group Holdings Co. Ltd. (Industrials) | 136353 |
| 17096 | Kirin Holdings Co. Ltd. (Consumer Staples) | 265249 |
| 1102 | Kobayashi Pharmaceutical Co. Ltd. (Consumer Staples) | 67128 |
| 3085 | Kobe Bussan Co. Ltd. (Consumer Staples) | 79037 |
| 2574 | Koei Tecmo Holdings Co. Ltd. (Communication Services) | 43810 |
| 5614 | Koito Manufacturing Co. Ltd. (Consumer Discretionary) | 87103 |
| 21196 | Komatsu Ltd. (Industrials) | 482887 |
| 2133 | Konami Group Corp. (Communication Services) | 98594 |
| 745 | Kose Corp. (Consumer Staples) | 77362 |
| 26592 | Kubota Corp. (Industrials) | 386855 |
| 7350 | Kuraray Co. Ltd. (Materials) | 57730 |
| 2515 | Kurita Water Industries Ltd. (Industrials) | 109943 |
| 7540 | Kyocera Corp. (Information Technology) | 377216 |
| 5635 | Kyowa Kirin Co. Ltd. (Health Care) | 128215 |
| 9984 | Kyushu Electric Power Co., Inc. (Utilities) | 51372 |
| 3109 | Kyushu Railway Co. (Industrials) | 67398 |
| 1751 | Lasertec Corp. (Information Technology) | 315403 |
| 1020 | Lawson, Inc. (Consumer Staples) | 36000 |
| 5750 | Lion Corp. (Consumer Staples) | 60368 |
| 6361 | Lixil Corp. (Industrials) | 96140 |
| 9324 | M3, Inc. (Health Care) | 280976 |
| 5560 | Makita Corp. (Industrials) | 124715 |
| 38056 | Marubeni Corp. (Industrials) | 422178 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4075 | Marui Group Co. Ltd. (Financials) | $68160 |
| 2680 | MatsukiyoCocokara & Co. (Consumer Staples) | 109858 |
| 13311 | Mazda Motor Corp. (Consumer Discretionary) | 104073 |
| 1942 | McDonald's Holdings Co. Japan Ltd. (Consumer Discretionary) | 71117 |
| 23081 | Mebuki Financial Group, Inc. (Financials) | 51607 |
| 3977 | Medipal Holdings Corp. (Health Care) | 52156 |
| 2850 | MEIJI Holdings Co. Ltd. (Consumer Staples) | 134800 |
| 2347 | Mercari, Inc. (Consumer Discretionary)\* | 47280 |
| 8641 | MINEBEA MITSUMI, Inc. (Industrials) | 138898 |
| 6482 | MISUMI Group, Inc. (Industrials) | 155616 |
| 30943 | Mitsubishi Chemical Group Corp. (Materials) | 161700 |
| 30473 | Mitsubishi Corp. (Industrials) | 1005648 |
| 44746 | Mitsubishi Electric Corp. (Industrials) | 441720 |
| 26659 | Mitsubishi Estate Co. Ltd. (Real Estate) | 370635 |
| 4316 | Mitsubishi Gas Chemical Co., Inc. (Materials) | 60654 |
| 16251 | Mitsubishi HC Capital, Inc. (Financials) | 76166 |
| 7051 | Mitsubishi Heavy Industries Ltd. (Industrials) | 275744 |
| 2862 | Mitsubishi Materials Corp. (Materials) | 44856 |
| 14239 | Mitsubishi Motors Corp. (Consumer Discretionary)\* | 64899 |
| 254675 | Mitsubishi UFJ Financial Group, Inc. (Financials) | 1378136 |
| 33359 | Mitsui & Co. Ltd. (Industrials) | 952192 |
| 3979 | Mitsui Chemicals, Inc. (Materials) | 88397 |
| 20062 | Mitsui Fudosan Co. Ltd. (Real Estate) | 399184 |
| 8010 | Mitsui OSK Lines Ltd. (Industrials) | 193161 |
| 2158 | Miura Co. Ltd. (Industrials) | 50416 |
| 54149 | Mizuho Financial Group, Inc. (Financials) | 666288 |
| 5553 | MonotaRO Co. Ltd. (Industrials) | 92961 |
| 10256 | MS&AD Insurance Group Holdings, Inc. (Financials) | 301344 |
| 14002 | Murata Manufacturing Co. Ltd. (Information Technology) | 748967 |
| 2440 | Nabtesco Corp. (Industrials) | 59627 |
| 4400 | Nagoya Railroad Co. Ltd. (Industrials) | 71231 |
| 5733 | NEC Corp. (Information Technology) | 199468 |
| 9683 | Nexon Co. Ltd. (Communication Services) | 200821 |
| 6886 | NGK Insulators Ltd. (Industrials) | 89369 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4416 | NGK Spark Plug Co. Ltd. (Consumer Discretionary) | $84814 |
| 2307 | NH Foods Ltd. (Consumer Staples) | 61172 |
| 2722 | Nichirei Corp. (Consumer Staples) | 54249 |
| 11255 | Nidec Corp. (Industrials) | 688334 |
| 6711 | Nihon M&A Center Holdings, Inc. (Industrials) | 88492 |
| 7766 | Nikon Corp. (Consumer Discretionary) | 74243 |
| 26109 | Nintendo Co. Ltd. (Communication Services) | 1102812 |
| 37 | Nippon Building Fund, Inc. REIT (Real Estate) | 169700 |
| 1890 | NIPPON EXPRESS HOLDINGS, Inc. (Industrials) | 109575 |
| 20538 | Nippon Paint Holdings Co. Ltd. (Materials) | 164846 |
| 52 | Nippon Prologis REIT, Inc. REIT (Real Estate) | 125770 |
| 4064 | Nippon Sanso Holdings Corp. (Materials) | 66199 |
| 1437 | Nippon Shinyaku Co. Ltd. (Health Care) | 83312 |
| 19615 | Nippon Steel Corp. (Materials) | 308198 |
| 48849 | Nippon Telegraph & Telephone Corp. (Communication Services) | 1337274 |
| 3318 | Nippon Television Holdings, Inc. (Communication Services) | 25181 |
| 11173 | Nippon Yusen KK (Industrials) | 243173 |
| 2894 | Nissan Chemical Corp. (Materials) | 139785 |
| 50378 | Nissan Motor Co. Ltd. (Consumer Discretionary) | 177337 |
| 5382 | Nisshin Seifun Group, Inc. (Consumer Staples) | 62290 |
| 1502 | Nissin Foods Holdings Co. Ltd. (Consumer Staples) | 112806 |
| 1857 | Nitori Holdings Co. Ltd. (Consumer Discretionary) | 207139 |
| 3333 | Nitto Denko Corp. (Materials) | 205655 |
| 66766 | Nomura Holdings, Inc. (Financials) | 239571 |
| 2506 | Nomura Real Estate Holdings, Inc. (Real Estate) | 59624 |
| 103 | Nomura Real Estate Master Fund, Inc. REIT (Real Estate) | 127329 |
| 8434 | Nomura Research Institute Ltd. (Information Technology) | 181083 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10483 | NSK Ltd. (Industrials) | $57095 |
| 14329 | NTT Data Corp. (Information Technology) | 215849 |
| 14373 | Obayashi Corp. (Industrials) | 105475 |
| 626 | OBIC Business Consultants Co. Ltd. (Information Technology) | 20973 |
| 1429 | Obic Co. Ltd. (Information Technology) | 222225 |
| 7771 | Odakyu Electric Railway Co. Ltd. (Industrials) | 100354 |
| 19543 | Oji Holdings Corp. (Materials) | 73948 |
| 27768 | Olympus Corp. (Health Care) | 558385 |
| 4380 | Omron Corp. (Information Technology) | 221103 |
| 9076 | Ono Pharmaceutical Co. Ltd. (Health Care) | 228689 |
| 1678 | Open House Group Co. Ltd. (Consumer Discretionary) | 69506 |
| 757 | Oracle Corp. Japan (Information Technology) | 43562 |
| 4540 | Oriental Land Co. Ltd. (Consumer Discretionary) | 641600 |
| 26956 | ORIX Corp. (Financials) | 427019 |
| 63 | Orix JREIT, Inc. REIT (Real Estate) | 87362 |
| 9029 | Osaka Gas Co. Ltd. (Utilities) | 137305 |
| 2406 | Otsuka Corp. (Information Technology) | 78798 |
| 9228 | Otsuka Holdings Co. Ltd. (Health Care) | 310157 |
| 8711 | Pan Pacific International Holdings Corp. (Consumer Discretionary) | 148825 |
| 51897 | Panasonic Holdings Corp. (Consumer Discretionary) | 473820 |
| 2901 | Park24 Co. Ltd. (Industrials)\* | 41683 |
| 4212 | Persol Holdings Co. Ltd. (Industrials) | 95082 |
| 1880 | Pola Orbis Holdings, Inc. (Consumer Staples) | 24062 |
| 1711 | Rakus Co. Ltd. (Information Technology) | 21090 |
| 20142 | Rakuten Group, Inc. (Consumer Discretionary) | 94258 |
| 31765 | Recruit Holdings Co. Ltd. (Industrials) | 985457 |
| 26115 | Renesas Electronics Corp. (Information Technology)\* | 246290 |
| 53537 | Resona Holdings, Inc. (Financials) | 253566 |
| 13417 | Ricoh Co. Ltd. (Information Technology) | 104421 |
| 776 | Rinnai Corp. (Consumer Discretionary) | 56612 |
| 1948 | Rohm Co. Ltd. (Information Technology) | 151468 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5540 | Ryohin Keikaku Co. Ltd. (Consumer Discretionary) | $57528 |
| 8350 | Santen Pharmaceutical Co. Ltd. (Health Care) | 66661 |
| 6103 | SBI Holdings, Inc. (Financials) | 114502 |
| 980 | SCREEN Holdings Co. Ltd. (Information Technology) | 63418 |
| 3269 | SCSK Corp. (Information Technology) | 51586 |
| 4735 | Secom Co. Ltd. (Industrials) | 287921 |
| 3531 | Sega Sammy Holdings, Inc. (Consumer Discretionary) | 46130 |
| 5088 | Seibu Holdings, Inc. (Industrials) | 50318 |
| 6757 | Seiko Epson Corp. (Information Technology) | 104207 |
| 8982 | Sekisui Chemical Co. Ltd. (Consumer Discretionary) | 124038 |
| 13527 | Sekisui House Ltd. (Consumer Discretionary) | 248845 |
| 16885 | Seven & i Holdings Co. Ltd. (Consumer Staples) | 675085 |
| 13799 | Seven Bank Ltd. (Financials) | 25810 |
| 9275 | SG Holdings Co. Ltd. (Industrials) | 141578 |
| 6131 | Sharp Corp. (Consumer Discretionary)<sup>(a)</sup> | 42751 |
| 6448 | Shimadzu Corp. (Information Technology) | 193153 |
| 525 | Shimamura Co. Ltd. (Consumer Discretionary) | 46992 |
| 1814 | Shimano, Inc. (Consumer Discretionary) | 303937 |
| 12579 | Shimizu Corp. (Industrials) | 66528 |
| 9132 | Shin-Etsu Chemical Co. Ltd. (Materials) | 1149844 |
| 1516 | Shinko Electric Industries Co. Ltd. (Information Technology) | 41339 |
| 1666 | Shinsei Bank Ltd. (Financials) | 27926 |
| 6833 | Shionogi & Co. Ltd. (Health Care) | 340328 |
| 9051 | Shiseido Co. Ltd. (Consumer Staples) | 376141 |
| 11539 | Shizuoka Financial Group, Inc. (Financials) | 83107 |
| 4068 | Showa Denko KK (Materials) | 63787 |
| 1402 | SMC Corp. (Industrials) | 620521 |
| 63234 | SoftBank Corp. (Communication Services) | 678608 |
| 24025 | SoftBank Group Corp. (Communication Services) | 1024773 |
| 1666 | Sohgo Security Services Co. Ltd. (Industrials) | 44474 |
| 5212 | Sojitz Corp. (Industrials) | 91062 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| 7071 | Sompo Holdings, Inc. (Financials) | $307032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28154 | Sony Group Corp. (Consumer Discretionary) | 2270842 |
| 2007 | Square Enix Holdings Co. Ltd. (Communication Services) | 89031 |
| 3339 | Stanley Electric Co. Ltd. (Consumer Discretionary) | 66833 |
| 13866 | Subaru Corp. (Consumer Discretionary) | 233667 |
| 777 | Sugi Holdings Co. Ltd. (Consumer Staples) | 34468 |
| 7766 | SUMCO Corp. (Information Technology) | 112589 |
| 35735 | Sumitomo Chemical Co. Ltd. (Materials) | 127534 |
| 26910 | Sumitomo Corp. (Industrials) | 433329 |
| 16919 | Sumitomo Electric Industries Ltd. (Consumer Discretionary) | 194058 |
| 2621 | Sumitomo Heavy Industries Ltd. (Industrials) | 54697 |
| 5570 | Sumitomo Metal Mining Co. Ltd. (Materials) | 185414 |
| 27583 | Sumitomo Mitsui Financial Group, Inc. (Financials) | 923716 |
| 7149 | Sumitomo Mitsui Trust Holdings, Inc. (Financials) | 225782 |
| 3860 | Sumitomo Pharma Co. Ltd. (Health Care) | 29516 |
| 6942 | Sumitomo Realty & Development Co. Ltd. (Real Estate) | 184868 |
| 4045 | Sumitomo Rubber Industries Ltd. (Consumer Discretionary) | 34438 |
| 1540 | Sundrug Co. Ltd. (Consumer Staples) | 40393 |
| 2843 | Suntory Beverage & Food Ltd. (Consumer Staples) | 95045 |
| 1466 | Suzuken Co. Ltd. (Health Care) | 38819 |
| 9484 | Suzuki Motor Corp. (Consumer Discretionary) | 333918 |
| 3477 | Sysmex Corp. (Health Care) | 207264 |
| 11688 | T&D Holdings, Inc. (Financials) | 139713 |
| 4020 | Taisei Corp. (Industrials) | 119989 |
| 920 | Taisho Pharmaceutical Holdings Co. Ltd. (Health Care) | 36921 |
| 2792 | Taiyo Yuden Co. Ltd. (Information Technology) | 87338 |
| 34773 | Takeda Pharmaceutical Co. Ltd. (Health Care) | 1009249 |
| 2056 | TBS Holdings, Inc. (Communication Services) | 23103 |
| 8631 | TDK Corp. (Information Technology) | 301844 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4129 | Teijin Ltd. (Materials) | $39296 |
| 16244 | Terumo Corp. (Health Care) | 470650 |
| 2643 | THK Co. Ltd. (Industrials) | 50553 |
| 5056 | TIS, Inc. (Information Technology) | 140948 |
| 4110 | Tobu Railway Co. Ltd. (Industrials) | 97492 |
| 132 | Toei Animation Co. Ltd. (Communication Services) | 13745 |
| 2433 | Toho Co. Ltd. (Communication Services) | 92236 |
| 2036 | Toho Gas Co. Ltd. (Utilities) | 39264 |
| 10583 | Tohoku Electric Power Co., Inc. (Utilities) | 49525 |
| 42097 | Tokio Marine Holdings, Inc. (Financials) | 852861 |
| 865 | Tokyo Century Corp. (Financials) | 29259 |
| 33886 | Tokyo Electric Power Co. Holdings, Inc. (Utilities)\* | 121178 |
| 3402 | Tokyo Electron Ltd. (Information Technology) | 1099299 |
| 9356 | Tokyo Gas Co. Ltd. (Utilities) | 169365 |
| 12534 | Tokyu Corp. (Industrials) | 157102 |
| 13573 | Tokyu Fudosan Holdings Corp. (Real Estate) | 72174 |
| 6056 | TOPPAN, Inc. (Industrials) | 92528 |
| 34164 | Toray Industries, Inc. (Materials) | 180834 |
| 9562 | Toshiba Corp. (Industrials) | 321383 |
| 6551 | Tosoh Corp. (Materials) | 76195 |
| 3485 | TOTO Ltd. (Industrials) | 118506 |
| 2002 | Toyo Suisan Kaisha Ltd. (Consumer Staples) | 82783 |
| 1656 | Toyota Boshoku Corp. (Consumer Discretionary) | 22679 |
| 3530 | Toyota Industries Corp. (Industrials) | 197573 |
| 247177 | Toyota Motor Corp. (Consumer Discretionary) | 3561340 |
| 5049 | Toyota Tsusho Corp. (Industrials) | 189238 |
| 3031 | Trend Micro, Inc. (Information Technology) | 147923 |
| 855 | Tsuruha Holdings, Inc. (Consumer Staples) | 54349 |
| 9045 | Unicharm Corp. (Consumer Staples) | 329481 |
| 71 | United Urban Investment Corp. REIT (Real Estate) | 78459 |
| 4482 | USS Co. Ltd. (Consumer Discretionary) | 73747 |
| 2099 | Welcia Holdings Co. Ltd. (Consumer Staples) | 45428 |
| 5007 | West Japan Railway Co. (Industrials) | 209408 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Japan – (continued)** | **Japan – (continued)** | **Japan – (continued)** |
| 472 | Workman Co. Ltd. (Consumer Discretionary) | $16676 |
| 2896 | Yakult Honsha Co. Ltd. (Consumer Staples) | 181597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15028 | Yamada Holdings Co. Ltd. (Consumer Discretionary) | 51371 |
| 3725 | Yamaha Corp. (Consumer Discretionary) | 144419 |
| 6921 | Yamaha Motor Co. Ltd. (Consumer Discretionary) | 169379 |
| 7035 | Yamato Holdings Co. Ltd. (Industrials) | 115603 |
| 2941 | Yamazaki Baking Co. Ltd. (Consumer Staples) | 33322 |
| 5689 | Yaskawa Electric Corp. (Industrials) | 181221 |
| 5838 | Yokogawa Electric Corp. (Information Technology) | 107355 |
| 3017 | Yokohama Rubber Co. Ltd. (The) (Consumer Discretionary) | 48755 |
| 60602 | Z Holdings Corp. (Communication Services) | 162210 |
| 2664 | ZOZO, Inc. (Consumer Discretionary) | 65388 |
|  |  | 77641367 |
| **Jordan – 0.0%** | **Jordan – 0.0%** | **Jordan – 0.0%** |
| 3006 | Hikma Pharmaceuticals PLC (Health Care) | 54199 |
| **Luxembourg – 0.1%** | **Luxembourg – 0.1%** | **Luxembourg – 0.1%** |
| 10644 | ArcelorMittal (Materials) | 282867 |
| 2940 | Eurofins Scientific SE (Health Care) | 201065 |
|  |  | 483932 |
| **Macau – 0.1%** | **Macau – 0.1%** | **Macau – 0.1%** |
| 49072 | Galaxy Entertainment Group Ltd. (Consumer Discretionary) | 293596 |
| 55612 | Sands China Ltd. (Consumer Discretionary)\* | 149619 |
|  |  | 443215 |
| **Mexico – 0.0%** | **Mexico – 0.0%** | **Mexico – 0.0%** |
| 4207 | Fresnillo PLC (Materials) | 44971 |
| **Netherlands – 5.2%** | **Netherlands – 5.2%** | **Netherlands – 5.2%** |
| 598 | Adyen NV (Information Technology)\*<sup>(b)</sup> | 901307 |
| 3738 | Akzo Nobel NV (Materials) | 262567 |
| 1257 | Argenx SE ADR (Health Care)\* | 500248 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Netherlands – (continued)** | **Netherlands – (continued)** | **Netherlands – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027 | ASM International NV (Information Technology) | $273880 |
| 9280 | ASML Holding NV (Information Technology) | 5361398 |
| 2429 | EXOR NV (Financials)\* | 187777 |
| 2020 | HAL Trust (Financials) | 259987 |
| 2133 | Heineken Holding NV (Consumer Staples) | 158239 |
| 5432 | Heineken NV (Consumer Staples) | 493755 |
| 83262 | ING Groep NV (Financials) | 993619 |
| 2178 | JDE Peet's NV (Consumer Staples) | 66246 |
| 23131 | Koninklijke Ahold Delhaize NV (Consumer Staples) | 662465 |
| 3922 | Koninklijke DSM NV (Materials) | 493883 |
| 73562 | Koninklijke KPN NV (Communication Services) | 222836 |
| 19994 | Koninklijke Philips NV (Health Care) | 292168 |
| 6318 | NN Group NV (Financials) | 264247 |
| 163320 | Shell PLC (Energy) | 4753526 |
| 21520 | Universal Music Group NV (Communication Services) | 498557 |
| 5794 | Wolters Kluwer NV (Industrials) | 627602 |
|  |  | 17274307 |
| **New Zealand – 0.4%** | **New Zealand – 0.4%** | **New Zealand – 0.4%** |
| 16864 | a2 Milk Co. Ltd. (The) (Consumer Staples)\* | 69654 |
| 27538 | Auckland International Airport Ltd. (Industrials)\* | 137515 |
| 10174 | Chorus Ltd. (Communication Services) | 51500 |
| 17849 | Contact Energy Ltd. (Utilities) | 83034 |
| 13129 | Fisher & Paykel Healthcare Corp. Ltd. (Health Care) | 192444 |
| 16677 | Fletcher Building Ltd. (Industrials) | 51273 |
| 16133 | Infratil Ltd. (Utilities) | 88679 |
| 1887 | Mainfreight Ltd. (Industrials) | 83799 |
| 14417 | Mercury NZ Ltd. (Utilities) | 49249 |
| 26499 | Meridian Energy Ltd. (Utilities) | 80564 |
| 8399 | Ryman Healthcare Ltd. (Health Care) | 34691 |
| 42310 | Spark New Zealand Ltd. (Communication Services) | 135336 |
| 3082 | Xero Ltd. (Information Technology)\* | 145802 |
|  |  | 1203540 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Norway – 0.9%** | **Norway – 0.9%** | **Norway – 0.9%** |
| 487 | Aker ASA, Class A (Industrials) | $37168 |
| 9287 | Aker BP ASA (Energy) | 318255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19224 | AutoStore Holdings Ltd. (Industrials)\*<sup>(a)(b)</sup> | 34337 |
| 20148 | DNB Bank ASA (Financials) | 384930 |
| 1607 | Entra ASA (Real Estate)<sup>(b)</sup> | 16858 |
| 21892 | Equinor ASA (Energy) | 832327 |
| 4258 | Gjensidige Forsikring ASA (Financials) | 80794 |
| 1707 | Kongsberg Gruppen ASA (Industrials) | 69231 |
| 6413 | Leroy Seafood Group ASA (Consumer Staples) | 30936 |
| 9699 | Mowi ASA (Consumer Staples) | 149456 |
| 35540 | NEL ASA (Industrials)\* | 53464 |
| 3741 | Nordic Semiconductor ASA (Information Technology)\* | 66482 |
| 30656 | Norsk Hydro ASA (Materials) | 223145 |
| 16755 | Orkla ASA (Consumer Staples) | 117557 |
| 1254 | Salmar ASA (Consumer Staples) | 43413 |
| 1683 | Schibsted ASA, Class A (Communication Services) | 31428 |
| 2133 | Schibsted ASA, Class B (Communication Services) | 38719 |
| 3939 | SpareBank 1 SR-Bank ASA (Financials) | 47010 |
| 10311 | Storebrand ASA (Financials) | 90668 |
| 13330 | Telenor ASA (Communication Services) | 127403 |
| 5313 | TOMRA Systems ASA (Industrials) | 99790 |
| 8837 | Var Energi ASA (Energy) | 31994 |
|  |  | 2925365 |
| **Poland – 0.3%** | **Poland – 0.3%** | **Poland – 0.3%** |
| 9583 | Allegro.eu SA (Consumer<br>Discretionary)\*<sup>(b)</sup> | 47167 |
| 4028 | Bank Pekao SA (Financials) | 74440 |
| 1568 | CD Projekt SA (Communication<br>Services)<sup>(a)</sup> | 45238 |
| 4180 | Cyfrowy Polsat SA (Communication Services) | 17116 |
| 1094 | Dino Polska SA (Consumer Staples)\*<sup>(b)</sup> | 87666 |
| 4544 | InPost SA (Industrials)\* | 32882 |
| 3115 | KGHM Polska Miedz SA (Materials) | 79455 |
| 298 | mBank SA (Financials)\* | 20690 |
| 26735 | PGE Polska Grupa Energetyczna SA (Utilities)\* | 38101 |
| 12498 | Polski Koncern Naftowy ORLEN SA (Energy) | 179766 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Poland – (continued)** | **Poland – (continued)** | **Poland – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20144 | Powszechna Kasa Oszczednosci Bank Polski SA (Financials) | $125792 |
| 12978 | Powszechny Zaklad Ubezpieczen SA (Financials) | 90333 |
| 760 | Santander Bank Polska SA (Financials) | 45802 |
|  |  | 884448 |
| **Portugal – 0.2%** | **Portugal – 0.2%** | **Portugal – 0.2%** |
| 167310 | Banco Comercial Portugues SA, Class R (Financials) | 26306 |
| 63306 | EDP – Energias de Portugal SA (Utilities) | 294562 |
| 10973 | Galp Energia SGPS SA (Energy) | 133151 |
| 6304 | Jeronimo Martins SGPS SA (Consumer Staples) | 137607 |
| 4878 | Navigator Co SA (The) (Materials) | 19418 |
|  |  | 611044 |
| **Russia – 0.0%** | **Russia – 0.0%** | **Russia – 0.0%** |
| 12172 | Evraz PLC (Materials)<sup>(c)</sup> |  |
| **Singapore – 1.8%** | **Singapore – 1.8%** | **Singapore – 1.8%** |
| 78633 | CapitaLand Ascendas REIT REIT (Real Estate) | 160101 |
| 119763 | CapitaLand Integrated Commercial Trust REIT (Real Estate) | 180916 |
| 53714 | Capitaland Investment Ltd. (Real Estate) | 143859 |
| 11733 | City Developments Ltd. (Real Estate) | 70982 |
| 41323 | DBS Group Holdings Ltd. (Financials) | 1061196 |
| 60121 | Frasers Logistics & Commercial Trust REIT (Real Estate) | 50017 |
| 129794 | Genting Singapore Ltd. (Consumer Discretionary) | 83353 |
| 61022 | Grab Holdings Ltd., Class A (Industrials)\* | 184287 |
| 2077 | Jardine Cycle & Carriage Ltd. (Industrials) | 45790 |
| 31256 | Keppel Corp. Ltd. (Industrials) | 171984 |
| 31139 | Keppel DC REIT (Real Estate) | 42040 |
| 45622 | Mapletree Industrial Trust REIT (Real Estate) | 74244 |
| 74571 | Mapletree Logistics Trust REIT (Real Estate) | 87615 |
| 71258 | Mapletree Pan Asia Commercial Trust REIT (Real Estate) | 88923 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Singapore – (continued)** | **Singapore – (continued)** | **Singapore – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28253 | Olam Group Ltd. (Consumer Staples) | $28453 |
| 87407 | Oversea-Chinese Banking Corp. Ltd. (Financials) | 793507 |
| 15375 | SATS Ltd. (Industrials)\* | 29958 |
| 8015 | Sea Ltd. ADR (Communication Services)\* | 467836 |
| 29735 | Singapore Airlines Ltd. (Industrials)\* | 119348 |
| 18587 | Singapore Exchange Ltd. (Financials) | 122756 |
| 33612 | Singapore Technologies Engineering Ltd. (Industrials) | 84134 |
| 178654 | Singapore Telecommunications Ltd. (Communication Services) | 354622 |
| 14959 | STMicroelectronics NV (Information Technology) | 555339 |
| 37955 | Suntec Real Estate Investment Trust REIT (Real Estate) | 38501 |
| 32595 | United Overseas Bank Ltd. (Financials) | 742147 |
| 10381 | UOL Group Ltd. (Real Estate) | 50454 |
| 6172 | Venture Corp. Ltd. (Information Technology) | 77921 |
|  |  | 5910283 |
| **South Africa – 0.3%** | **South Africa – 0.3%** | **South Africa – 0.3%** |
| 25902 | Anglo American PLC (Materials) | 1051101 |
| **South Korea – 0.0%** | **South Korea – 0.0%** | **South Korea – 0.0%** |
| 3764 | Delivery Hero SE (Consumer Discretionary)\*<sup>(b)</sup> | 158784 |
| **Spain – 2.3%** | **Spain – 2.3%** | **Spain – 2.3%** |
| 5170 | ACS Actividades de Construccion y Servicios SA (Industrials) | 144048 |
| 1613 | Aena SME SA (Industrials)\*<sup>(b)</sup> | 204780 |
| 10278 | Amadeus IT Group SA (Information Technology)\* | 542472 |
| 136781 | Banco Bilbao Vizcaya Argentaria SA (Financials) | 790375 |
| 380148 | Banco Santander SA (Financials) | 1115741 |
| 89687 | CaixaBank SA (Financials) | 328937 |
| 12764 | Cellnex Telecom SA (Communication Services)\*<sup>(b)</sup> | 428444 |
| 1298 | Corp ACCIONA Energias Renovables SA (Utilities) | 50599 |
| 5489 | EDP Renovaveis SA (Utilities) | 124621 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Spain – (continued)** | **Spain – (continued)** | **Spain – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7229 | Endesa SA (Utilities) | $131747 |
| 9536 | Ferrovial SA (Industrials) | 251360 |
| 6726 | Grifols SA (Health Care)\* | 70328 |
| 141385 | Iberdrola SA (Utilities) | 1569321 |
| 25229 | Industria de Diseno Textil SA (Consumer Discretionary) | 645790 |
| 21892 | Mapfre SA (Financials) | 40980 |
| 4259 | Naturgy Energy Group SA (Utilities) | 117438 |
| 9220 | Red Electrica Corp. SA (Utilities) | 159441 |
| 30215 | Repsol SA (Energy) | 460441 |
| 5133 | Siemens Gamesa Renewable Energy SA (Industrials)\* | 95292 |
| 116216 | Telefonica SA (Communication Services) | 428988 |
|  |  | 7701143 |
| **Sweden – 3.2%** | **Sweden – 3.2%** | **Sweden – 3.2%** |
| 4118 | AAK AB (Consumer Staples) | 67019 |
| 5119 | AddTech AB, Class B (Industrials) | 73877 |
| 6584 | Alfa Laval AB (Industrials) | 183805 |
| 22205 | Assa Abloy AB, Class B (Industrials) | 496207 |
| 58873 | Atlas Copco AB, Class A (Industrials) | 713070 |
| 34473 | Atlas Copco AB, Class B (Industrials) | 378098 |
| 2455 | Avanza Bank Holding AB (Financials) | 48346 |
| 2548 | Axfood AB (Consumer Staples) | 67429 |
| 5215 | Beijer Ref AB (Industrials) | 88027 |
| 6052 | Boliden AB (Materials) | 220144 |
| 4859 | Castellum AB (Real Estate) | 58278 |
| 5264 | Electrolux AB, Class B (Consumer Discretionary)<sup>(a)</sup> | 73314 |
| 8232 | Elekta AB, Class B (Health Care) | 47784 |
| 19307 | Embracer Group AB (Communication Services)\*<sup>(a)</sup> | 80396 |
| 14245 | Epiroc AB, Class A (Industrials) | 267032 |
| 8610 | Epiroc AB, Class B (Industrials) | 140246 |
| 7964 | EQT AB (Financials) | 175653 |
| 13772 | Essity AB, Class B (Consumer Staples) | 330100 |
| 4069 | Evolution AB (Consumer<br>Discretionary)<sup>(b)</sup> | 407137 |
| 5821 | Fabege AB (Real Estate) | 47501 |
| 13800 | Fastighets AB Balder, Class B (Real Estate)\* | 59619 |
| 4502 | Getinge AB, Class B (Health Care) | 102082 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Sweden – (continued)** | **Sweden – (continued)** | **Sweden – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16407 | H & M Hennes & Mauritz AB, Class B (Consumer Discretionary)<sup>(a)</sup> | $179490 |
| 45765 | Hexagon AB, Class B (Information Technology) | 507055 |
| 2065 | Holmen AB, Class B (Materials) | 83248 |
| 8930 | Husqvarna AB, Class B (Industrials) | 67780 |
| 3092 | Industrivarden AB, Class A (Financials) | 77707 |
| 3433 | Industrivarden AB, Class C (Financials) | 85666 |
| 6092 | Indutrade AB (Industrials) | 127452 |
| 3078 | Investment AB Latour, Class B (Industrials) | 59085 |
| 12408 | Investor AB, Class A (Financials) | 232654 |
| 38518 | Investor AB, Class B (Financials) | 697122 |
| 5519 | Kinnevik AB, Class B (Financials)\* | 82471 |
| 1659 | L E Lundbergforetagen AB, Class B (Financials) | 70444 |
| 4455 | Lifco AB, Class B (Industrials) | 74990 |
| 36608 | Nibe Industrier AB, Class B (Industrials) | 336358 |
| 1793 | Saab AB, Class B (Industrials) | 65238 |
| 3712 | Sagax AB, Class B (Real Estate) | 80305 |
| 2319 | Sagax AB, Class D (Real Estate) | 5654 |
| 23123 | Samhallsbyggnadsbolaget i Norden AB (Real Estate)<sup>(a)</sup> | 40863 |
| 3392 | Samhallsbyggnadsbolaget i Norden AB, Class D (Real Estate)<sup>(a)</sup> | 6037 |
| 24011 | Sandvik AB (Industrials) | 430063 |
| 7043 | Securitas AB, Class B (Industrials) | 56390 |
| 33434 | Skandinaviska Enskilda Banken AB, Class A (Financials) | 375450 |
| 7642 | Skanska AB, Class B (Industrials) | 120716 |
| 8102 | SKF AB, Class B (Industrials) | 131706 |
| 5780 | SSAB AB, Class A (Materials) | 32456 |
| 13945 | SSAB AB, Class B (Materials) | 76343 |
| 13682 | Svenska Cellulosa AB SCA, Class B (Materials) | 181036 |
| 32653 | Svenska Handelsbanken AB, Class A (Financials) | 323505 |
| 794 | Svenska Handelsbanken AB, Class B (Financials) | 9382 |
| 4701 | Sweco AB, Class B (Industrials) | 44745 |
| 24931 | Swedbank AB, Class A (Financials) | 395574 |
| 3819 | Swedish Orphan Biovitrum AB (Health Care)\* | 81331 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Sweden – (continued)** | **Sweden – (continued)** | **Sweden – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11300 | Tele2 AB, Class B (Communication Services) | $98358 |
| 66770 | Telefonaktiebolaget LM Ericsson, Class B (Information Technology) | 407740 |
| 49915 | Telia Co. AB (Communication Services) | 133964 |
| 2369 | Thule Group AB (Consumer Discretionary)<sup>(b)</sup> | 54361 |
| 5419 | Trelleborg AB, Class B (Industrials) | 129125 |
| 1753 | Vitrolife AB (Health Care) | 30494 |
| 4337 | Volvo AB, Class A (Industrials) | 81259 |
| 33434 | Volvo AB, Class B (Industrials) | 601911 |
| 10951 | Volvo Car AB, Class B (Consumer Discretionary)\* | 52969 |
| 8164 | Wallenstam AB, Class B (Real Estate) | 31634 |
|  |  | 10885295 |
| **Switzerland – 4.9%** | **Switzerland – 4.9%** | **Switzerland – 4.9%** |
| 36423 | ABB Ltd. (Industrials) | 1122413 |
| 11190 | Alcon, Inc. (Health Care) | 752381 |
| 10335 | Cie Financiere Richemont SA (Consumer Discretionary) | 1345638 |
| 55248 | Credit Suisse Group AG (Financials)<sup>(a)</sup> | 163642 |
| 790 | Geberit AG (Industrials) | 370477 |
| 181 | Givaudan SA (Materials) | 601465 |
| 12864 | Holcim AG (Materials)\* | 658356 |
| 1164 | Kuehne + Nagel International AG (Industrials) | 279287 |
| 1693 | Lonza Group AG (Health Care) | 871066 |
| 51545 | Novartis AG (Health Care) | 4525573 |
| 502 | Partners Group Holding AG (Financials) | 487379 |
| 449 | Schindler Holding AG (Industrials) | 79550 |
| 930 | Schindler Holding AG Participation Certificates (Industrials) | 172920 |
| 138 | SGS SA (Industrials) | 318657 |
| 3501 | Sika AG (Materials) | 870886 |
| 2359 | Straumann Holding AG (Health Care) | 266417 |
| 643 | Swatch Group AG (The) – Bearer (Consumer Discretionary) | 168587 |
| 1162 | Swatch Group AG (The) – Registered (Consumer Discretionary) | 55078 |
| 580 | Swisscom AG (Communication Services) | 309374 |
| 69506 | UBS Group AG (Financials) | 1256616 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Switzerland – (continued)** | **Switzerland – (continued)** | **Switzerland – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3430 | Zurich Insurance Group AG (Financials) | $1630488 |
|  |  | 16306250 |
| **United Kingdom – 11.7%** | **United Kingdom – 11.7%** | **United Kingdom – 11.7%** |
| 21840 | 3i Group PLC (Financials) | 350735 |
| 48456 | abrdn PLC (Financials) | 112181 |
| 5530 | Admiral Group PLC (Financials) | 133426 |
| 8649 | Allfunds Group PLC (Financials) | 61982 |
| 10028 | Ashtead Group PLC (Industrials) | 594132 |
| 8213 | Associated British Foods PLC (Consumer Staples) | 154635 |
| 34189 | AstraZeneca PLC (Health Care) | 4546313 |
| 21235 | Auto Trader Group PLC (Communication Services)<sup>(b)</sup> | 143084 |
| 2240 | AVEVA Group PLC (Information Technology) | 84857 |
| 64006 | Aviva PLC (Financials) | 338667 |
| 21283 | B&M European Value Retail SA (Consumer Discretionary) | 103741 |
| 70839 | BAE Systems PLC (Industrials) | 693963 |
| 361528 | Barclays PLC (Financials) | 694209 |
| 23158 | Barratt Developments PLC (Consumer Discretionary) | 109681 |
| 2426 | Berkeley Group Holdings PLC (Consumer Discretionary) | 110104 |
| 385202 | BP PLC (Energy) | 2282217 |
| 51246 | British American Tobacco PLC (Consumer Staples) | 2069489 |
| 20487 | British Land Co. PLC (The) REIT (Real Estate) | 96201 |
| 158509 | BT Group PLC (Communication Services) | 229165 |
| 7705 | Bunzl PLC (Industrials) | 279681 |
| 8862 | Burberry Group PLC (Consumer Discretionary) | 229755 |
| 60557 | CK Hutchison Holdings Ltd. (Industrials) | 351449 |
| 22350 | CNH Industrial NV (Industrials) | 351404 |
| 3472 | Coca-Cola Europacific Partners PLC (Consumer Staples) | 184328 |
| 40158 | Compass Group PLC (Consumer Discretionary) | 895268 |
| 37279 | ConvaTec Group PLC (Health Care)<sup>(b)</sup> | 102199 |
| 3183 | Croda International PLC (Materials) | 257536 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United Kingdom – (continued)** | **United Kingdom – (continued)** | **United Kingdom – (continued)** |
| 2178 | DCC PLC (Industrials) | $113841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51985 | Diageo PLC (Consumer Staples) | 2357492 |
| 31147 | DS Smith PLC (Materials) | 112503 |
| 628 | Endava PLC ADR (Information Technology)\* | 48174 |
| 13433 | Entain PLC (Consumer Discretionary) | 224283 |
| 21012 | Experian PLC (Industrials) | 726924 |
| 7488 | Farfetch Ltd., Class A (Consumer Discretionary)\* | 63648 |
| 8640 | Halma PLC (Information Technology) | 223485 |
| 8067 | Hargreaves Lansdown PLC (Financials) | 81045 |
| 455959 | HSBC Holdings PLC (Financials) | 2767679 |
| 21694 | Imperial Brands PLC (Consumer Staples) | 549002 |
| 32764 | Informa PLC (Communication Services) | 239653 |
| 3940 | InterContinental Hotels Group PLC (Consumer Discretionary) | 225082 |
| 6596 | Intermediate Capital Group PLC (Financials) | 93752 |
| 3674 | Intertek Group PLC (Industrials) | 176984 |
| 45882 | J Sainsbury PLC (Consumer Staples) | 121631 |
| 56447 | JD Sports Fashion PLC (Consumer Discretionary) | 84734 |
| 4187 | Johnson Matthey PLC (Materials) | 104164 |
| 44609 | Kingfisher PLC (Consumer Discretionary) | 128084 |
| 16913 | Land Securities Group PLC REIT (Real Estate) | 123710 |
| 136383 | Legal & General Group PLC (Financials) | 408645 |
| 3612 | Liberty Global PLC, Class A (Communication Services)\* | 72529 |
| 6293 | Liberty Global PLC, Class C (Communication Services)\* | 130139 |
| 1540002 | Lloyds Banking Group PLC (Financials) | 860232 |
| 8287 | London Stock Exchange Group PLC (Financials) | 813994 |
| 52593 | M&G PLC (Financials) | 120381 |
| 91739 | Melrose Industries PLC (Industrials) | 144377 |
| 83555 | National Grid PLC (Utilities) | 1009485 |
| 117156 | NatWest Group PLC (Financials) | 365406 |
| 2829 | Next PLC (Consumer Discretionary) | 196753 |
| 13056 | Ocado Group PLC (Consumer Staples)\* | 96804 |
| 16596 | Pearson PLC (Communication Services) | 196693 |
| 7245 | Persimmon PLC (Consumer Discretionary) | 109749 |
| 19447 | Phoenix Group Holdings PLC (Financials) | 136363 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United Kingdom – (continued)** | **United Kingdom – (continued)** | **United Kingdom – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16342 | Reckitt Benckiser Group PLC (Consumer Staples) | $1157581 |
| 43761 | RELX PLC (Industrials) | 1204898 |
| 42519 | Rentokil Initial PLC (Industrials) | 274143 |
| 18923 | Rightmove PLC (Communication Services) | 124711 |
| 189329 | Rolls-Royce Holdings PLC (Industrials)\* | 204999 |
| 23212 | Sage Group PLC (The) (Information Technology) | 220206 |
| 21246 | Schroders PLC (Financials) | 111935 |
| 27554 | Segro PLC REIT (Real Estate) | 259494 |
| 5731 | Severn Trent PLC (Utilities) | 185095 |
| 19867 | Smith & Nephew PLC (Health Care) | 256825 |
| 8154 | Smiths Group PLC (Industrials) | 154253 |
| 1679 | Spirax-Sarco Engineering PLC (Industrials) | 224046 |
| 24893 | SSE PLC (Utilities) | 506486 |
| 12378 | St James's Place PLC (Financials) | 169447 |
| 66130 | Standard Chartered PLC (Financials) | 486229 |
| 78418 | Taylor Wimpey PLC (Consumer Discretionary) | 96563 |
| 170147 | Tesco PLC (Consumer Staples) | 460979 |
| 56971 | Unilever PLC (Consumer Staples) | 2811570 |
| 15567 | United Utilities Group PLC (Utilities) | 189837 |
| 631248 | Vodafone Group PLC (Communication Services) | 690410 |
| 5924 | Weir Group PLC (The) (Industrials) | 124977 |
| 4608 | Whitbread PLC (Consumer Discretionary) | 141801 |
| 11793 | Wise PLC, Class A (Information Technology)\* | 90838 |
| 24742 | WPP PLC (Communication Services) | 255051 |
|  |  | 39190196 |
| **United States – 6.5%** | **United States – 6.5%** | **United States – 6.5%** |
| 3309 | Carnival PLC (Consumer Discretionary)\* | 28207 |
| 11937 | Computershare Ltd. (Information Technology) | 222559 |
| 10930 | CSL Ltd. (Health Care) | 2196752 |
| 930 | CyberArk Software Ltd. (Information Technology)\* | 138635 |
| 4788 | Ferguson PLC (Industrials) | 533824 |
| 693 | Fiverr International Ltd. (Consumer Discretionary)\* | 24373 |
| 92863 | GSK PLC (Health Care) | 1555788 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **United States – (continued)** | **United States – (continued)** | **United States – (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116106 | Haleon PLC (Consumer Staples)\* | $392827 |
| 1849 | ICON PLC (Health Care)\* | 398349 |
| 10161 | James Hardie Industries PLC CDI (Materials) | 198701 |
| 20285 | JS Global Lifestyle Co. Ltd. (Consumer Discretionary)<sup>(b)</sup> | 22532 |
| 62269 | Nestle SA (Consumer Staples) | 7342219 |
| 601 | Roche Holding AG (Health Care) | 238697 |
| 16039 | Roche Holding AG (Health Care) | 5181636 |
| 12619 | Schneider Electric SE (Industrials) | 1805009 |
| 49194 | Stellantis NV (Consumer Discretionary)\* | 754319 |
| 6584 | Swiss Re AG (Financials) | 582004 |
| 10640 | Tenaris SA (Energy) | 183121 |
|  |  | 21799552 |
| **TOTAL COMMON STOCKS**<br> **(Cost $333,185,030)** | **TOTAL COMMON STOCKS**<br> **(Cost $333,185,030)** | $330909838 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Rate** | **Value** |
| **Preferred Stocks – 0.4%** | **Preferred Stocks – 0.4%** | **Preferred Stocks – 0.4%** | **Preferred Stocks – 0.4%** |
| **Germany – 0.4%** | **Germany – 0.4%** | **Germany – 0.4%** | **Germany – 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1357 | Bayerische Motoren Werke AG (Consumer Discretionary) | 7.17% | $115482 |
| 3934 | Henkel AG & Co. KGaA (Consumer Staples) | 2.70 | 277226 |
| 3497 | Porsche Automobil Holding SE (Consumer Discretionary) | 4.41 | 210064 |
| 615 | Sartorius AG (Health Care) | 0.33 | 225685 |
| 4181 | Volkswagen AG (Consumer Discretionary) | 5.43 | 602265 |
|  |  |  | 1430722 |
| **Spain – 0.0%** | **Spain – 0.0%** |  |  |
| 5971 | Grifols SA, Class B (Health Care)\* | 0.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46633 |
| **TOTAL PREFERRED STOCKS**<br> **(Cost $1,718,916)** | **TOTAL PREFERRED STOCKS**<br> **(Cost $1,718,916)** |  | $1477355 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Units** | **Description** | **Expiration<br>Month** | **Value** |
| **Right – 0.0%** | **Right – 0.0%** | **Right – 0.0%** | **Right – 0.0%** |
| **Switzerland – 0.0%** | **Switzerland – 0.0%** | **Switzerland – 0.0%** | **Switzerland – 0.0%** |
| 55248 | Credit Suisse Group AG\*<sup>(a)</sup> |  |  |
| **(Cost $0)** | **(Cost $0)** | 12/22 | $5103 |
| **TOTAL INVESTMENTS BEFORE SECURITIES<br>LENDING REINVESTMENT VEHICLE<br>(Cost $334,903,946)** | **TOTAL INVESTMENTS BEFORE SECURITIES<br>LENDING REINVESTMENT VEHICLE<br>(Cost $334,903,946)** | **TOTAL INVESTMENTS BEFORE SECURITIES<br>LENDING REINVESTMENT VEHICLE<br>(Cost $334,903,946)** | $332392296 |
| **Shares** | **Dividend<br>Rate** | **Dividend<br>Rate** | **Value** |
| **Securities Lending Reinvestment Vehicle – 1.7%<sup>(d)</sup>** | **Securities Lending Reinvestment Vehicle – 1.7%<sup>(d)</sup>** | **Securities Lending Reinvestment Vehicle – 1.7%<sup>(d)</sup>** | **Securities Lending Reinvestment Vehicle – 1.7%<sup>(d)</sup>** |
| Goldman Sachs Financial Square Government Fund – Institutional<br>Shares | Goldman Sachs Financial Square Government Fund – Institutional<br>Shares | Goldman Sachs Financial Square Government Fund – Institutional<br>Shares | Goldman Sachs Financial Square Government Fund – Institutional<br>Shares |
| 5594964 | 3.727% | 3.727% | $5594964 |
| **(Cost $5,594,964)** | **(Cost $5,594,964)** |  |  |
| **TOTAL INVESTMENTS – 100.9%**<br> **(Cost $340,498,910)** | **TOTAL INVESTMENTS – 100.9%**<br> **(Cost $340,498,910)** |  | $337987260 |
| **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.9)%** | **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.9)%** |  | (2873615) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** |  | $335113645 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |
| (a) | All or a portion of security is on loan. |
| (b) | Exempt from registration under Rule 144A of the Securities Act of 1933. |
| (c) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
| (d) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| ADR | — American Depositary Receipt |
| CVA | — Dutch Certification |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |
| SDR | — Swedish Depositary Receipt |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF

*November 30, 2022 (Unaudited)* 

------

**ADDITIONAL INVESTMENT INFORMATION** 

------

---

| | |
|:---|:---|
| **Sector Name** | **% of Market<br>Value** |
| Financials | 17.2% |
| Industrials | 15.4 |
| Health Care | 13.2 |
| Consumer Discretionary | 11.1 |
| Consumer Staples | 10.1 |
| Information Technology | 8.2 |
| Materials | 7.7 |
| Energy | 5.0 |
| Communication Services | 4.6 |
| Utilities | 3.3 |
| Real Estate | 2.6 |
| Securities Lending Reinvestment Vehicle | 1.6 |
| **TOTAL INVESTMENTS** | 100.0% |

---

**FUTURES CONTRACTS** — At November 30, 2022, the Fund had the following futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of<br>Contracts** | **Expiration<br>Date** | **Notional<br>Amount** | **Unrealized<br>Appreciation/**<br> **(Depreciation)** |
|  **Long position contracts:** |  |  |  |  |
|  E-Mini MSCI EAFE Index Future | 21 | 12/16/22 | $1970974 | $107816 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> U.S. EQUITY ETF

## Schedule of Investments
*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 99.7%** | **Common Stocks – 99.7%** | **Common Stocks – 99.7%** |
| **Communication Services – 7.6%** | **Communication Services – 7.6%** | **Communication Services – 7.6%** |
| 17633 | Activision Blizzard, Inc. | $1303960 |
| 149079 | Alphabet, Inc., Class A\* | 15055488 |
| 133838 | Alphabet, Inc., Class C\* | 13577865 |
| 177352 | AT&T, Inc. | 3419347 |
| 2529 | Charter Communications, Inc., Class A\* | 989572 |
| 109015 | Comcast Corp., Class A | 3994310 |
| 6206 | DISH Network Corp., Class A\* | 99606 |
| 6887 | Electronic Arts, Inc. | 900682 |
| 7558 | Fox Corp., Class A | 245257 |
| 3429 | Fox Corp., Class B | 104653 |
| 417 | Liberty Broadband Corp., Class A\* | 37613 |
| 3094 | Liberty Broadband Corp., Class C\* | 281121 |
| 1892 | Liberty Media Corp.-Liberty SiriusXM, Class A\* | 82907 |
| 4160 | Liberty Media Corp.-Liberty SiriusXM, Class C\* | 182333 |
| 3856 | Live Nation Entertainment, Inc.\* | 280563 |
| 25546 | Lumen Technologies, Inc. | 139737 |
| 7024 | Match Group, Inc.\* | 355133 |
| 56532 | Meta Platforms, Inc., Class A\* | 6676429 |
| 10905 | Netflix, Inc.\* | 3331805 |
| 5044 | Omnicom Group, Inc. | 402309 |
| 232 | Paramount Global, Class A<sup>(a)</sup> | 5308 |
| 14426 | Paramount Global, Class B | 289674 |
| 14404 | Pinterest, Inc., Class A\* | 366150 |
| 8417 | ROBLOX Corp., Class A\* | 267408 |
| 3002 | Roku, Inc.\* | 178229 |
| 16857 | Sirius XM Holdings, Inc.<sup>(a)</sup> | 109402 |
| 25762 | Snap, Inc., Class A\* | 265606 |
| 2950 | Spotify Technology SA\* | 234289 |
| 4081 | Take-Two Interactive Software, Inc.\* | 431321 |
| 15685 | T-Mobile US, Inc.\* | 2375650 |
| 10956 | Trade Desk, Inc. (The), Class A\* | 571246 |
| 104606 | Verizon Communications, Inc. | 4077542 |
| 45381 | Walt Disney Co. (The)\* | 4441439 |
| 55039 | Warner Bros Discovery, Inc.\* | 627445 |
| 2927 | Warner Music Group Corp., Class A | 100308 |
| 7295 | ZoomInfo Technologies, Inc.\* | 208637 |
|  |  | 66010344 |
| **Consumer Discretionary – 10.6%** | **Consumer Discretionary – 10.6%** | **Consumer Discretionary – 10.6%** |
| 1493 | Advance Auto Parts, Inc. | 225428 |
| 9017 | Airbnb, Inc., Class A\* | 920996 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Consumer Discretionary – (continued)** | **Consumer Discretionary – (continued)** | **Consumer Discretionary – (continued)** |
| 221217 | Amazon.com, Inc.\* | $21356289 |
| 6716 | Aptiv PLC\* | 716396 |
| 490 | AutoZone, Inc.\* | 1263710 |
| 4988 | Best Buy Co., Inc. | 425476 |
| 984 | Booking Holdings, Inc.\* | 2046179 |
| 1622 | Burlington Stores, Inc.\* | 317393 |
| 5099 | Caesars Entertainment, Inc.\* | 259080 |
| 3926 | CarMax, Inc.\* | 272307 |
| 24168 | Carnival Corp.\* | 239988 |
| 2212 | Chewy, Inc., Class A\* | 95404 |
| 684 | Chipotle Mexican Grill, Inc.\* | 1112841 |
| 20715 | Coupang, Inc. (South Korea) \* | 403528 |
| 3040 | Darden Restaurants, Inc. | 446850 |
| 5607 | Dollar General Corp. | 1433598 |
| 5225 | Dollar Tree, Inc.\* | 785265 |
| 891 | Domino's Pizza, Inc. | 346358 |
| 6296 | DoorDash, Inc., Class A\* | 366742 |
| 7996 | D.R. Horton, Inc. | 687656 |
| 13660 | eBay, Inc. | 620710 |
| 3131 | Etsy, Inc.\* | 413574 |
| 3767 | Expedia Group, Inc.\* | 402466 |
| 98226 | Ford Motor Co. | 1365341 |
| 3843 | Garmin Ltd. | 357361 |
| 34942 | General Motors Co. | 1417248 |
| 3461 | Genuine Parts Co. | 634505 |
| 3225 | Hasbro, Inc. | 202594 |
| 6715 | Hilton Worldwide Holdings, Inc. | 957693 |
| 25487 | Home Depot, Inc. (The) | 8257533 |
| 8220 | Las Vegas Sands Corp.\* | 385025 |
| 6228 | Lennar Corp., Class A | 547005 |
| 360 | Lennar Corp., Class B | 26140 |
| 6475 | LKQ Corp. | 351787 |
| 15381 | Lowe's Cos., Inc. | 3269232 |
| 14049 | Lucid Group, Inc.\*<sup>(a)</sup> | 142457 |
| 3041 | Lululemon Athletica, Inc.\* | 1156523 |
| 7128 | Marriott International, Inc., Class A | 1178615 |
| 18324 | McDonald's Corp. | 4998604 |
| 1201 | MercadoLibre, Inc. (Brazil) \* | 1118113 |
| 7863 | MGM Resorts International | 289830 |
| 31039 | NIKE, Inc., Class B | 3404668 |
| 73 | NVR, Inc.\* | 338648 |
| 1560 | O'Reilly Automotive, Inc.\* | 1348682 |
| 5725 | PulteGroup, Inc. | 256365 |
| 12748 | Rivian Automotive, Inc., Class A\* | 408446 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> U.S. EQUITY ETF

## Schedule of Investments (continued)
*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Consumer Discretionary – (continued)** | **Consumer Discretionary – (continued)** | **Consumer Discretionary – (continued)** |
| 8473 | Ross Stores, Inc. | $997018 |
| 5407 | Royal Caribbean Cruises Ltd.\* | 324042 |
| 27988 | Starbucks Corp. | 2860374 |
| 11437 | Target Corp. | 1910780 |
| 65289 | Tesla, Inc.\* | 12711768 |
| 26970 | TJX Cos., Inc. (The) | 2158948 |
| 2759 | Tractor Supply Co. | 624389 |
| 1256 | Ulta Beauty, Inc.\* | 583839 |
| 990 | Vail Resorts, Inc. | 254965 |
| 8682 | VF Corp. | 284943 |
| 1344 | Whirlpool Corp. | 196936 |
| 9997 | Yum China Holdings, Inc. (China) | 551035 |
| 7086 | Yum! Brands, Inc. | 911685 |
|  |  | 91941371 |
| **Consumer Staples – 6.8%** | **Consumer Staples – 6.8%** | **Consumer Staples – 6.8%** |
| 44812 | Altria Group, Inc. | 2087343 |
| 13885 | Archer-Daniels-Midland Co. | 1353787 |
| 1217 | Brown-Forman Corp., Class A | 88829 |
| 7595 | Brown-Forman Corp., Class B | 554587 |
| 4941 | Campbell Soup Co. | 265183 |
| 6035 | Church & Dwight Co., Inc. | 494085 |
| 3054 | Clorox Co. (The) | 453977 |
| 96581 | Coca-Cola Co. (The) | 6143517 |
| 20744 | Colgate-Palmolive Co. | 1607245 |
| 11913 | Conagra Brands, Inc. | 452456 |
| 3602 | Constellation Brands, Inc., Class A | 926975 |
| 10995 | Costco Wholesale Corp. | 5929054 |
| 5300 | Estee Lauder Cos., Inc. (The), Class A | 1249687 |
| 14739 | General Mills, Inc. | 1257237 |
| 3652 | Hershey Co. (The) | 858841 |
| 7099 | Hormel Foods Corp. | 333653 |
| 2502 | J M Smucker Co. (The) | 385333 |
| 6458 | Kellogg Co. | 471111 |
| 21288 | Keurig Dr Pepper, Inc. | 823207 |
| 8398 | Kimberly-Clark Corp. | 1139021 |
| 19408 | Kraft Heinz Co. (The) | 763705 |
| 16391 | Kroger Co. (The) | 806273 |
| 6190 | McCormick & Co., Inc. | 527264 |
| 4385 | Molson Coors Beverage Co., Class B | 241657 |
| 34036 | Mondelez International, Inc., Class A | 2301174 |
| 9360 | Monster Beverage Corp.\* | 962770 |
| 34317 | PepsiCo, Inc. | 6366147 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Consumer Staples – (continued)** | **Consumer Staples – (continued)** | **Consumer Staples – (continued)** |
| 38549 | Philip Morris International, Inc. | $3842179 |
| 59466 | Procter & Gamble Co. (The) | 8869949 |
| 12497 | Sysco Corp. | 1081115 |
| 7109 | Tyson Foods, Inc., Class A | 471185 |
| 17774 | Walgreens Boots Alliance, Inc. | 737621 |
| 35031 | Walmart, Inc. | 5339425 |
|  |  | 59185592 |
| **Energy – 5.1%** | **Energy – 5.1%** | **Energy – 5.1%** |
| 25066 | Baker Hughes Co. | 727415 |
| 6174 | Cheniere Energy, Inc. | 1082673 |
| 47804 | Chevron Corp. | 8762951 |
| 31669 | ConocoPhillips | 3911438 |
| 19200 | Coterra Energy, Inc. | 535872 |
| 16184 | Devon Energy Corp. | 1108928 |
| 4403 | Diamondback Energy, Inc. | 651732 |
| 14555 | EOG Resources, Inc. | 2065791 |
| 103482 | Exxon Mobil Corp. | 11521686 |
| 20836 | Halliburton Co. | 789476 |
| 6950 | Hess Corp. | 1000175 |
| 49076 | Kinder Morgan, Inc. | 938333 |
| 12377 | Marathon Petroleum Corp. | 1507642 |
| 23148 | Occidental Petroleum Corp. | 1608555 |
| 11066 | ONEOK, Inc. | 740537 |
| 11943 | Phillips 66 | 1295099 |
| 5638 | Pioneer Natural Resources Co. | 1330512 |
| 35168 | Schlumberger Ltd. | 1812910 |
| 9771 | Valero Energy Corp. | 1305601 |
| 30262 | Williams Cos., Inc. (The) | 1050091 |
|  |  | 43747417 |
| **Financials – 11.2%** | **Financials – 11.2%** | **Financials – 11.2%** |
| 14311 | Aflac, Inc. | 1029390 |
| 6599 | Allstate Corp. (The) | 883606 |
| 6853 | Ally Financial, Inc. | 185100 |
| 13693 | American Express Co. | 2157880 |
| 18909 | American International Group, Inc. | 1193347 |
| 2689 | Ameriprise Financial, Inc. | 892614 |
| 11601 | Annaly Capital Management, Inc. REIT | 251394 |
| 5002 | Aon PLC, Class A | 1542017 |
| 10661 | Apollo Global Management, Inc. | 739767 |
| 8888 | Arch Capital Group Ltd.\* | 532480 |
| 5186 | Arthur J Gallagher & Co. | 1032584 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> U.S. EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Financials – (continued)** | **Financials – (continued)** | **Financials – (continued)** |
| 174336 | Bank of America Corp. | $6598618 |
| 18155 | Bank of New York Mellon Corp. (The) | 833314 |
| 32281 | Berkshire Hathaway, Inc., Class B\* | 10284727 |
| 3476 | BlackRock, Inc. | 2488816 |
| 17316 | Blackstone, Inc. | 1584933 |
| 9424 | Capital One Financial Corp. | 972934 |
| 2623 | Cboe Global Markets, Inc. | 332701 |
| 37983 | Charles Schwab Corp. (The) | 3135117 |
| 9664 | Chubb Ltd. | 2122118 |
| 3853 | Cincinnati Financial Corp. | 427529 |
| 48163 | Citigroup, Inc. | 2331571 |
| 12256 | Citizens Financial Group, Inc. | 519409 |
| 8906 | CME Group, Inc. | 1571909 |
| 3535 | Coinbase Global, Inc., Class A\*<sup>(a)</sup> | 161656 |
| 6723 | Discover Financial Services | 728504 |
| 965 | Everest Re Group Ltd. | 326112 |
| 6528 | Fidelity National Financial, Inc. | 263470 |
| 16983 | Fifth Third Bancorp | 617502 |
| 4528 | First Republic Bank | 577818 |
| 7095 | Franklin Resources, Inc. | 190217 |
| 2212 | Globe Life, Inc. | 265351 |
| 8460 | Goldman Sachs Group, Inc. (The) | 3266829 |
| 8019 | Hartford Financial Services Group, Inc. (The) | 612411 |
| 35316 | Huntington Bancshares, Inc. | 546692 |
| 2439 | Interactive Brokers Group, Inc., Class A | 195852 |
| 13771 | Intercontinental Exchange, Inc. | 1491537 |
| 72223 | JPMorgan Chase & Co. | 9979774 |
| 23133 | KeyCorp | 435132 |
| 18056 | KKR & Co., Inc. | 937467 |
| 4999 | Loews Corp. | 290692 |
| 4306 | M&T Bank Corp. | 732106 |
| 317 | Markel Corp.\* | 419974 |
| 12395 | Marsh & McLennan Cos., Inc. | 2146566 |
| 14879 | MetLife, Inc. | 1141219 |
| 3933 | Moody's Corp. | 1173096 |
| 32997 | Morgan Stanley | 3071031 |
| 1941 | MSCI, Inc. | 985698 |
| 8478 | Nasdaq, Inc. | 580404 |
| 4980 | Northern Trust Corp. | 463688 |
| 10157 | PNC Financial Services Group, Inc. (The) | 1709017 |
| 6177 | Principal Financial Group, Inc. | 553953 |
| 14535 | Progressive Corp. (The) | 1920800 |
| 9267 | Prudential Financial, Inc. | 1001114 |
| 4857 | Raymond James Financial, Inc. | 567783 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Financials – (continued)** | **Financials – (continued)** | **Financials – (continued)** |
| 23148 | Regions Financial Corp. | $537265 |
| 14510 | Robinhood Markets, Inc., Class A\* | 139151 |
| 2707 | Rocket Cos., Inc., Class A | 22468 |
| 8297 | S&P Global, Inc. | 2927182 |
| 8642 | State Street Corp. | 688508 |
| 1463 | SVB Financial Group\* | 339094 |
| 11930 | Synchrony Financial | 448329 |
| 5523 | T. Rowe Price Group, Inc. | 689878 |
| 5888 | Travelers Cos., Inc. (The) | 1117601 |
| 32822 | Truist Financial Corp. | 1536398 |
| 33363 | US Bancorp | 1514347 |
| 4978 | W R Berkley Corp. | 379722 |
| 94394 | Wells Fargo & Co. | 4526192 |
| 2720 | Willis Towers Watson PLC | 669555 |
|  |  | 96533030 |
| **Health Care – 15.2%** | **Health Care – 15.2%** | **Health Care – 15.2%** |
| 43308 | Abbott Laboratories | 4659075 |
| 43993 | AbbVie, Inc. | 7090792 |
| 1112 | ABIOMED, Inc.\* | 420102 |
| 7356 | Agilent Technologies, Inc. | 1140033 |
| 1824 | Align Technology, Inc.\* | 358708 |
| 2981 | Alnylam Pharmaceuticals, Inc.\* | 657579 |
| 3826 | AmerisourceBergen Corp. | 653060 |
| 13304 | Amgen, Inc. | 3810266 |
| 16069 | Avantor, Inc.\* | 358017 |
| 12515 | Baxter International, Inc. | 707473 |
| 7097 | Becton Dickinson and Co. | 1769566 |
| 3598 | Biogen, Inc.\* | 1098002 |
| 4588 | BioMarin Pharmaceutical, Inc.\* | 463296 |
| 35572 | Boston Scientific Corp.\* | 1610344 |
| 53161 | Bristol-Myers Squibb Co. | 4267765 |
| 6491 | Cardinal Health, Inc. | 520383 |
| 4248 | Catalent, Inc.\* | 212952 |
| 14106 | Centene Corp.\* | 1227927 |
| 7568 | Cigna Corp. | 2489040 |
| 1224 | Cooper Cos., Inc. (The) | 387212 |
| 32610 | CVS Health Corp. | 3322307 |
| 16488 | Danaher Corp. | 4507984 |
| 1299 | DaVita, Inc.\* | 95775 |
| 9714 | Dexcom, Inc.\* | 1129544 |
| 15310 | Edwards Lifesciences Corp.\* | 1182697 |
| 5966 | Elevance Health, Inc. | 3179401 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> U.S. EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Health Care – (continued)** | **Health Care – (continued)** | **Health Care – (continued)** |
| 21055 | Eli Lilly & Co. | $7813089 |
| 31204 | Gilead Sciences, Inc. | 2740647 |
| 5347 | HCA Healthcare, Inc. | 1284456 |
| 3343 | Henry Schein, Inc.\* | 270516 |
| 6146 | Hologic, Inc.\* | 468079 |
| 5684 | Horizon Therapeutics PLC\* | 570048 |
| 3113 | Humana, Inc. | 1711839 |
| 2059 | IDEXX Laboratories, Inc.\* | 876866 |
| 3915 | Illumina, Inc.\* | 853783 |
| 4586 | Incyte Corp.\* | 365367 |
| 8851 | Intuitive Surgical, Inc.\* | 2393222 |
| 4539 | IQVIA Holdings, Inc.\* | 989593 |
| 1516 | Jazz Pharmaceuticals PLC\* | 237876 |
| 65443 | Johnson & Johnson | 11648854 |
| 2244 | Laboratory Corp. of America Holdings | 540131 |
| 3493 | McKesson Corp. | 1333208 |
| 33075 | Medtronic PLC | 2614248 |
| 62845 | Merck & Co., Inc. | 6920491 |
| 556 | Mettler-Toledo International, Inc.\* | 817075 |
| 8489 | Moderna, Inc.\* | 1493300 |
| 139705 | Pfizer, Inc. | 7003412 |
| 2879 | Quest Diagnostics, Inc. | 437119 |
| 2594 | Regeneron Pharmaceuticals, Inc.\* | 1949910 |
| 3620 | ResMed, Inc. | 833324 |
| 9181 | Royalty Pharma PLC, Class A | 403689 |
| 3386 | Seagen, Inc.\* | 411027 |
| 2484 | STERIS PLC | 461378 |
| 8287 | Stryker Corp. | 1938246 |
| 1169 | Teleflex, Inc. | 273686 |
| 9740 | Thermo Fisher Scientific, Inc. | 5456543 |
| 23228 | UnitedHealth Group, Inc. | 12723369 |
| 3474 | Veeva Systems, Inc., Class A\* | 661311 |
| 6369 | Vertex Pharmaceuticals, Inc.\* | 2015152 |
| 30128 | Viatris, Inc. | 332312 |
| 1489 | Waters Corp.\* | 516087 |
| 1837 | West Pharmaceutical Services, Inc. | 431070 |
| 5225 | Zimmer Biomet Holdings, Inc. | 627523 |
| 11643 | Zoetis, Inc. | 1794652 |
|  |  | 131531798 |
| **Industrials – 8.2%** | **Industrials – 8.2%** | **Industrials – 8.2%** |
| 13776 | 3M Co. | 1735363 |
| 3174 | A O Smith Corp. | 192789 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Industrials – (continued)** | **Industrials – (continued)** | **Industrials – (continued)** |
| 5683 | AMETEK, Inc. | $809373 |
| 14769 | Boeing Co. (The)\* | 2641879 |
| 20924 | Carrier Global Corp. | 927352 |
| 13125 | Caterpillar, Inc. | 3102881 |
| 3026 | C.H. Robinson Worldwide, Inc. | 303266 |
| 2137 | Cintas Corp. | 986824 |
| 10684 | Copart, Inc.\* | 711127 |
| 10018 | CoStar Group, Inc.\* | 811859 |
| 53198 | CSX Corp. | 1739043 |
| 3494 | Cummins, Inc. | 877553 |
| 6915 | Deere & Co. | 3049515 |
| 15919 | Delta Air Lines, Inc.\* | 563055 |
| 3553 | Dover Corp. | 504348 |
| 9885 | Eaton Corp. PLC | 1615703 |
| 14618 | Emerson Electric Co. | 1399966 |
| 3038 | Equifax, Inc. | 599610 |
| 4053 | Expeditors International of Washington, Inc. | 470391 |
| 14292 | Fastenal Co. | 736181 |
| 5980 | FedEx Corp. | 1089676 |
| 8719 | Fortive Corp. | 588968 |
| 1564 | Generac Holdings, Inc.\* | 165033 |
| 5982 | General Dynamics Corp. | 1509797 |
| 27051 | General Electric Co. | 2325574 |
| 16741 | Honeywell International, Inc. | 3675487 |
| 6771 | Illinois Tool Works, Inc. | 1540199 |
| 10023 | Ingersoll Rand, Inc. | 540941 |
| 2056 | J.B. Hunt Transport Services, Inc. | 378078 |
| 17098 | Johnson Controls International PLC | 1135991 |
| 4743 | L3Harris Technologies, Inc. | 1077040 |
| 3368 | Leidos Holdings, Inc. | 368223 |
| 6599 | Lockheed Martin Corp. | 3201769 |
| 5593 | Masco Corp. | 284013 |
| 5848 | Norfolk Southern Corp. | 1500012 |
| 3467 | Northrop Grumman Corp. | 1848916 |
| 2515 | Old Dominion Freight Line, Inc. | 761064 |
| 10470 | Otis Worldwide Corp. | 817602 |
| 7891 | PACCAR, Inc. | 835736 |
| 3180 | Parker-Hannifin Corp. | 950629 |
| 36744 | Raytheon Technologies Corp. | 3627368 |
| 5121 | Republic Services, Inc. | 713304 |
| 2867 | Rockwell Automation, Inc. | 757519 |
| 6255 | Rollins, Inc. | 252952 |
| 1302 | Snap-on, Inc. | 313261 |
| 14717 | Southwest Airlines Co.\* | 587355 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> U.S. EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Industrials – (continued)** | **Industrials – (continued)** | **Industrials – (continued)** |
| 3669 | Stanley Black & Decker, Inc. | $299831 |
| 5243 | Textron, Inc. | 374245 |
| 5737 | Trane Technologies PLC | 1023596 |
| 1274 | TransDigm Group, Inc. | 800709 |
| 4771 | TransUnion | 300955 |
| 47305 | Uber Technologies, Inc.\* | 1378468 |
| 15520 | Union Pacific Corp. | 3374514 |
| 8109 | United Airlines Holdings, Inc.\* | 358175 |
| 18229 | United Parcel Service, Inc., Class B | 3458588 |
| 1740 | United Rentals, Inc.\* | 614272 |
| 3867 | Verisk Analytics, Inc. | 710407 |
| 10278 | Waste Management, Inc. | 1723826 |
| 4337 | Westinghouse Air Brake Technologies Corp. | 438427 |
| 1135 | W.W. Grainger, Inc. | 684473 |
| 4467 | Xylem, Inc. | 501867 |
|  |  | 70666938 |
| **Information Technology – 27.1%** | **Information Technology – 27.1%** | **Information Technology – 27.1%** |
| 16533 | Accenture PLC, Class A | 4975276 |
| 11551 | Adobe, Inc.\* | 3984286 |
| 40014 | Advanced Micro Devices, Inc.\* | 3106287 |
| 3898 | Akamai Technologies, Inc.\* | 369764 |
| 3042 | Amdocs Ltd. | 270312 |
| 14728 | Amphenol Corp., Class A | 1184573 |
| 12768 | Analog Devices, Inc. | 2194947 |
| 2158 | ANSYS, Inc.\* | 548779 |
| 400004 | Apple, Inc. | 59212592 |
| 21356 | Applied Materials, Inc. | 2340618 |
| 2984 | AppLovin Corp., Class A\* | 42999 |
| 5837 | Arista Networks, Inc.\* | 813094 |
| 3548 | Atlassian Corp., Class A\* | 466739 |
| 5363 | Autodesk, Inc.\* | 1083058 |
| 10326 | Automatic Data Processing, Inc. | 2727510 |
| 2480 | Bill.com Holdings, Inc.\* | 298642 |
| 13061 | Block, Inc.\* | 885144 |
| 9856 | Broadcom, Inc. | 5430952 |
| 3819 | Broadridge Financial Solutions, Inc. | 569451 |
| 6752 | Cadence Design Systems, Inc.\* | 1161614 |
| 3358 | CDW Corp. | 633453 |
| 93550 | Cisco Systems, Inc. | 4651306 |
| 6547 | Cloudflare, Inc., Class A\* | 321720 |
| 12879 | Cognizant Technology Solutions Corp.,<br>Class A | 801203 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Information Technology – (continued)** | **Information Technology – (continued)** | **Information Technology – (continued)** |
| 19007 | Corning, Inc. | $648709 |
| 5247 | Crowdstrike Holdings, Inc., Class A\* | 617310 |
| 6589 | Datadog, Inc., Class A\* | 499314 |
| 6217 | Dell Technologies, Inc., Class C | 278459 |
| 4923 | DocuSign, Inc.\* | 231726 |
| 3307 | Enphase Energy, Inc.\* | 1060191 |
| 1378 | EPAM Systems, Inc.\* | 507903 |
| 1479 | F5, Inc.\* | 228668 |
| 15004 | Fidelity National Information Services, Inc. | 1088990 |
| 14714 | Fiserv, Inc.\* | 1535553 |
| 1815 | FleetCor Technologies, Inc.\* | 356103 |
| 16620 | Fortinet, Inc.\* | 883519 |
| 1911 | Gartner, Inc.\* | 669557 |
| 14565 | Gen Digital, Inc. | 334412 |
| 6842 | Global Payments, Inc. | 710063 |
| 1765 | GLOBALFOUNDRIES, Inc.\*<sup>(a)</sup> | 113578 |
| 31961 | Hewlett Packard Enterprise Co. | 536306 |
| 25012 | HP, Inc. | 751360 |
| 1142 | HubSpot, Inc.\* | 346060 |
| 102240 | Intel Corp. | 3074357 |
| 22476 | International Business Machines Corp. | 3346676 |
| 6829 | Intuit, Inc. | 2783432 |
| 4418 | Keysight Technologies, Inc.\* | 799172 |
| 3515 | KLA Corp. | 1381922 |
| 3399 | Lam Research Corp. | 1605620 |
| 21145 | Marvell Technology, Inc. | 983665 |
| 21164 | Mastercard, Inc., Class A | 7542850 |
| 13484 | Microchip Technology, Inc. | 1067798 |
| 27417 | Micron Technology, Inc. | 1580590 |
| 182965 | Microsoft Corp. | 46681690 |
| 1641 | MongoDB, Inc.\* | 250564 |
| 4136 | Motorola Solutions, Inc. | 1125819 |
| 5394 | NetApp, Inc. | 364688 |
| 59510 | NVIDIA Corp. | 10070877 |
| 3694 | Okta, Inc.\* | 196964 |
| 10742 | ON Semiconductor Corp.\* | 807798 |
| 38456 | Oracle Corp. | 3193002 |
| 42372 | Palantir Technologies, Inc., Class A\* | 317790 |
| 7293 | Palo Alto Networks, Inc.\* | 1239081 |
| 8022 | Paychex, Inc. | 994969 |
| 1267 | Paycom Software, Inc.\* | 429640 |
| 28717 | PayPal Holdings, Inc.\* | 2251700 |
| 2551 | Qorvo, Inc.\* | 253187 |
| 27938 | QUALCOMM, Inc. | 3533878 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> U.S. EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Information Technology – (continued)** | **Information Technology – (continued)** | **Information Technology – (continued)** |
| 2622 | Roper Technologies, Inc. | $1150770 |
| 24135 | Salesforce, Inc.\* | 3867634 |
| 4810 | Seagate Technology Holdings PLC | 254786 |
| 5019 | ServiceNow, Inc.\* | 2089410 |
| 3986 | Skyworks Solutions, Inc. | 381141 |
| 6738 | Snowflake, Inc., Class A\* | 962860 |
| 4027 | Splunk, Inc.\* | 312817 |
| 5555 | SS&C Technologies Holdings, Inc. | 298637 |
| 3785 | Synopsys, Inc.\* | 1285159 |
| 7959 | TE Connectivity Ltd. (Switzerland) | 1003789 |
| 3883 | Teradyne, Inc. | 362866 |
| 22734 | Texas Instruments, Inc. | 4102578 |
| 6142 | Trimble, Inc.\* | 366984 |
| 4276 | Twilio, Inc., Class A\* | 209610 |
| 5190 | Unity Software, Inc.\* | 205057 |
| 2313 | VeriSign, Inc.\* | 462161 |
| 40497 | Visa, Inc., Class A | 8787849 |
| 5625 | VMware, Inc., Class A\* | 683381 |
| 7774 | Western Digital Corp.\* | 285694 |
| 4953 | Workday, Inc., Class A\* | 831609 |
| 1281 | Zebra Technologies Corp., Class A\* | 346229 |
| 5487 | Zoom Video Communications, Inc., Class A\* | 413884 |
| 2113 | Zscaler, Inc.\* | 281980 |
|  |  | 234296714 |
| **Materials – 2.5%** | **Materials – 2.5%** | **Materials – 2.5%** |
| 5511 | Air Products and Chemicals, Inc. | 1709292 |
| 2907 | Albemarle Corp. | 808117 |
| 37002 | Amcor PLC | 456975 |
| 7770 | Ball Corp. | 435742 |
| 2463 | Celanese Corp. | 264280 |
| 17890 | Corteva, Inc. | 1201492 |
| 17855 | Dow, Inc. | 910069 |
| 11432 | DuPont de Nemours, Inc. | 806070 |
| 3047 | Eastman Chemical Co. | 263931 |
| 6285 | Ecolab, Inc. | 941682 |
| 3121 | FMC Corp. | 407727 |
| 35432 | Freeport-McMoRan, Inc. | 1410194 |
| 6340 | International Flavors & Fragrances, Inc. | 670899 |
| 8985 | International Paper Co. | 333523 |
| 12248 | Linde PLC (United Kingdom) | 4121207 |
| 6343 | LyondellBasell Industries NV, Class A | 539218 |
| 1544 | Martin Marietta Materials, Inc. | 565845 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Materials – (continued)** | **Materials – (continued)** | **Materials – (continued)** |
| 8581 | Mosaic Co. (The) | $440205 |
| 19737 | Newmont Corp. | 936915 |
| 6482 | Nucor Corp. | 971976 |
| 2292 | Packaging Corp. of America | 311460 |
| 5847 | PPG Industries, Inc. | 790631 |
| 5917 | Sherwin-Williams Co. (The) | 1474398 |
| 2126 | Southern Copper Corp. (Peru) | 129729 |
| 3220 | Vulcan Materials Co. | 590323 |
| 6241 | Westrock Co. | 236659 |
|  |  | 21728559 |
| **Real Estate – 2.6%** | **Real Estate – 2.6%** | **Real Estate – 2.6%** |
| 4027 | Alexandria Real Estate Equities, Inc. REIT | 626641 |
| 11566 | American Tower Corp. REIT | 2558978 |
| 3409 | AvalonBay Communities, Inc. REIT | 596234 |
| 3550 | Boston Properties, Inc. REIT | 255884 |
| 7686 | CBRE Group, Inc., Class A\* | 611806 |
| 10741 | Crown Castle, Inc. REIT | 1519100 |
| 7152 | Digital Realty Trust, Inc. REIT | 804314 |
| 2258 | Equinix, Inc. REIT | 1559488 |
| 9081 | Equity Residential REIT | 588994 |
| 1608 | Essex Property Trust, Inc. REIT | 354371 |
| 3291 | Extra Space Storage, Inc. REIT | 528831 |
| 13397 | Healthpeak Properties, Inc. REIT | 351805 |
| 17611 | Host Hotels & Resorts, Inc. REIT | 333552 |
| 15170 | Invitation Homes, Inc. REIT | 494997 |
| 7176 | Iron Mountain, Inc. REIT | 389872 |
| 2855 | Mid-America Apartment Communities, Inc. REIT | 470732 |
| 22945 | Prologis, Inc. REIT | 2702692 |
| 3788 | Public Storage REIT | 1128672 |
| 15345 | Realty Income Corp. REIT | 967809 |
| 2666 | SBA Communications Corp. REIT | 797934 |
| 8091 | Simon Property Group, Inc. REIT | 966389 |
| 8047 | UDR, Inc. REIT | 333709 |
| 9909 | Ventas, Inc. REIT | 461066 |
| 23952 | VICI Properties, Inc. REIT | 819158 |
| 11535 | Welltower, Inc. REIT | 819331 |
| 18388 | Weyerhaeuser Co. REIT | 601471 |
| 4725 | W.P. Carey, Inc. REIT | 372330 |
|  |  | 22016160 |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> U.S. EQUITY ETF

*November 30, 2022 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Utilities – 2.8%** | **Utilities – 2.8%** | **Utilities – 2.8%** |
| 6234 | Alliant Energy Corp. | $350974 |
| 6395 | Ameren Corp. | 571201 |
| 12784 | American Electric Power Co., Inc. | 1237491 |
| 4524 | American Water Works Co., Inc. | 686562 |
| 3456 | Atmos Energy Corp. | 415411 |
| 1768 | Avangrid, Inc. | 75617 |
| 15624 | CenterPoint Energy, Inc. | 486063 |
| 7196 | CMS Energy Corp. | 439460 |
| 8816 | Consolidated Edison, Inc. | 864321 |
| 8131 | Constellation Energy Corp. | 781552 |
| 20706 | Dominion Energy, Inc. | 1265344 |
| 4782 | DTE Energy Co. | 554760 |
| 19159 | Duke Energy Corp. | 1914559 |
| 9499 | Edison International | 633203 |
| 5044 | Entergy Corp. | 586466 |
| 5635 | Evergy, Inc. | 333648 |
| 8537 | Eversource Energy | 707376 |
| 24455 | Exelon Corp. | 1011703 |
| 13502 | FirstEnergy Corp. | 556822 |
| 48835 | NextEra Energy, Inc. | 4136325 |
| 10064 | NiSource, Inc. | 281188 |
| 40013 | PG&E Corp.\* | 628204 |
| 17980 | PPL Corp. | 530770 |
| 12407 | Public Service Enterprise Group, Inc. | 751244 |
| 7825 | Sempra Energy | 1300437 |
| 26237 | Southern Co. (The) | 1774671 |
| 7844 | WEC Energy Group, Inc. | 777654 |
| 13602 | Xcel Energy, Inc. | 955132 |
|  |  | 24608158 |
| **TOTAL INVESTMENTS BEFORE SECURITIES LENDING<br>REINVESTMENT VEHICLE** | **TOTAL INVESTMENTS BEFORE SECURITIES LENDING<br>REINVESTMENT VEHICLE** |  |
| **(Cost $811,074,712)** | **(Cost $811,074,712)** | $862266081 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend<br>Rate** | **Value** |
| **Securities Lending Reinvestment Vehicle – 0.0%<sup>(b)</sup>** | **Securities Lending Reinvestment Vehicle – 0.0%<sup>(b)</sup>** | **Securities Lending Reinvestment Vehicle – 0.0%<sup>(b)</sup>** |
| Goldman Sachs Financial Square Government Fund – Institutional<br>Shares | Goldman Sachs Financial Square Government Fund – Institutional<br>Shares | Goldman Sachs Financial Square Government Fund – Institutional<br>Shares |
| 293720 | 3.727% | $293720 |
| **(Cost $293,720)** | **(Cost $293,720)** |  |
| **TOTAL INVESTMENTS – 99.7%** | **TOTAL INVESTMENTS – 99.7%** |  |
| **(Cost $811,368,432)** | **(Cost $811,368,432)** | $862559801 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.3%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.3%** | 2118536 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $864678337 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |
| (a) | All or a portion of security is on loan. |
| (b) | Represents an affiliated issuer. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |

---

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> ETFS

*November 30, 2022 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS** 

------

**Investment Valuation** — The Funds' valuation policy is to value investments at fair value.

**Investments and Fair Value Measurements** — U.S. GAAP defines the fair value of a financial instrument as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price); the Funds' policy is to use the market approach. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three levels of the fair value hierarchy are described below:

Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 — Quoted prices in markets that are not active or financial instruments for which significant inputs are observable (including, but not limited to, quoted prices for similar investments, interest rates, foreign exchange rates, volatility and credit spreads), either directly or indirectly;

Level 3 — Prices or valuations that require significant unobservable inputs (including GSAM's assumptions in determining fair value measurement).

The Board of Trustees ("Trustees") has approved Valuation Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. With respect to the Funds' investments that do not have readily available market quotations, the Trustees have designated the Adviser as the valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Investment Company Act of 1940 (the "Valuation Designee"). GSAM has day-to-day responsibility for implementing and maintaining internal controls and procedures related to the valuation of the Funds' investments. To assess the continuing appropriateness of pricing sources and methodologies, GSAM regularly performs price verification procedures and issues challenges as necessary to third party pricing vendors or brokers, and any differences are reviewed in accordance with the Valuation Procedures.

**A. Level 1 and Level 2 Fair Value Investments** — The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 1 and Level 2 are as follows:

**Equity Securities** — Equity securities traded on a United States ("U.S.") securities exchange or the NASDAQ system, or those located on certain foreign exchanges, including but not limited to the Americas, are valued daily at their last sale price or official closing price on the principal exchange or system on which they are traded. If there is no sale or official closing price or such price is believed by GSAM to not represent fair value, equity securities will be valued at the valid closing bid price for long positions and at the valid closing ask price for short positions (i.e. where there is sufficient volume, during normal exchange trading hours). If no valid bid/ask price is available, the equity security will be valued pursuant to the Valuation Procedures consistent with applicable regulatory guidance. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. Certain equity securities containing unique attributes may be classified as Level 2.

Unlisted equity securities for which market quotations are available are valued at the last sale price on the valuation date, or if no sale occurs, at the last bid price for long positions or the last ask price for short positions, and are generally classified as Level 2.

**Derivative Contracts** — A derivative is an instrument whose value is derived from underlying assets, indices, reference rates or a combination of these factors. A Fund enters into derivative transactions to hedge against changes in interest rates, securities prices, and/or currency exchange rates, to increase total return, or to gain access to certain markets or attain exposure to other underliers. For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if any, is reported separately on the Statements of Assets and Liabilities as either due to broker or receivable for collateral on certain derivatives contracts. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments.

Exchange-traded derivatives, including futures and options contracts, are generally valued at the last sale or settlement price on the exchange where they are principally traded. Exchange-traded options without settlement prices are generally valued at the last bid price for long positions and the last ask price for short positions on the exchange where they are principally traded. Exchange-traded derivatives typically fall within Level 1 of the fair value hierarchy.

Over-the-counter ("OTC") and centrally cleared derivatives are valued using market transactions and other market evidence, including market-based inputs to models, calibration to market-clearing transactions, broker or dealer quotations, or other alternative pricing sources. Where models are used, the selection of a particular model to value OTC and centrally cleared derivatives depends upon the contractual terms of, and specific risks inherent in, the instrument, as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit curves, measures of volatility, voluntary and involuntary

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> ETFS

*November 30, 2022 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

prepayment rates, loss severity rates and correlations of such inputs. For OTC and centrally cleared derivatives that trade in liquid markets, model inputs can generally be verified and model selection does not involve significant management judgment. OTC and centrally cleared derivatives are classified within Level 2 of the fair value hierarchy when significant inputs are corroborated by market evidence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Futures Contracts** — Futures contracts are contracts to buy or sell a standardized quantity of a specified commodity or security. Upon entering into a futures contract, a Fund deposits cash or securities in an account on behalf of the broker in an amount sufficient to meet the initial margin requirement. Subsequent payments are made or received by a Fund equal to the daily change in the contract value and are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses.

**Underlying Funds (including Money Market Funds)** — Underlying funds ("Underlying Funds") include other investment companies and exchange-traded funds ("ETFs"). Investments in the Underlying Funds (except ETFs) are valued at the NAV per share on the day of valuation. ETFs are valued daily at the last sale price or official closing price on the principal exchange or system on which the investment is traded. Because the Funds invest in Underlying Funds that fluctuate in value, the Funds' shares will correspondingly fluctuate in value. Underlying Funds are generally classified as Level 1 of the fair value hierarchy. To the extent that underlying ETFs are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. For information regarding an Underlying Fund's accounting policies and investment holdings, please see the Underlying Fund's shareholder report.

**B. Level 3 Fair Value Investments** — To the extent that significant inputs to valuation models and other alternative pricing sources are unobservable, or if quotations are not readily available, or if GSAM believes that such quotations do not accurately reflect fair value, the fair value of a Fund's investments may be determined under Valuation Procedures approved by the Trustees. GSAM, consistent with its procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund's NAV. To the extent investments are valued using single source broker quotations obtained directly from the broker or passed through from third party pricing vendors, such investments are classified as Level 3 investments.

**C. Fair Value Hierarchy** — The following is a summary of the Fund's investments classified in the fair value hierarchy as of November 30, 2022:

---

| | | | |
|:---|:---|:---|:---|
| **MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF** | **MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF** | **MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF** | **MARKETBETA<sup>®</sup> EMERGING MARKETS EQUITY ETF** |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Africa | $1018408 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia | 26761856 | 913929 | 6090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | 222126 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 1086983 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oceania | 4323 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; South America | 1616466 | 439781 |  |
|  Securities Lending Reinvestment Vehicle | 391992 |  |  |
| **Total** | $31102154 | $1353710 | $6090 |
| **MARKETBETA<sup>®</sup> INTERNATIONAL EQUITY ETF** |  |  |  |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Africa | $1051101 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia | 99772287 |  | 7947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | 177530768 | 1435825 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 21645822 | 198701 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oceania | 30398064 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; South America | 299913 | 51868 |  |
|  Securities Lending Reinvestment Vehicle | 5594964 |  |  |
| **Total** | $336292919 | $1686394 | $7947 |
| **Derivative Type** |  |  |  |
| **Assets<sup>(b)</sup>** |  |  |  |
|  Futures Contracts | $107816 | $— | $— |
| **MARKETBETA<sup>®</sup> U.S. EQUITY ETF** | **MARKETBETA<sup>®</sup> U.S. EQUITY ETF** | **MARKETBETA<sup>®</sup> U.S. EQUITY ETF** | **MARKETBETA<sup>®</sup> U.S. EQUITY ETF** |
| **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments<sup>(a)</sup>  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asia | $954563 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | 5124996 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; North America | 854938680 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; South America | 1247842 |  |  |
|  Securities Lending Reinvestment Vehicle | 293720 |  |  |
| **Total** | $862559801 | $— | $— |

---

(a) Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of NAV. Security valuations are based on the principal exchange or system on which they
are traded, which may differ from country of domicile noted in table.

(b) Amount shown represents unrealized gain at period end.

For further information regarding security characteristics, see the Schedules of Investments.

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> ETFS

*November 30, 2022 (Unaudited)* 

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**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

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**D. Securities Lending** — The Funds may lend their securities through a securities lending agent, the Bank of New York Mellon ("BNYM"), to certain qualified borrowers. In accordance with the Funds' securities lending procedures, the Funds receive cash collateral at least equal to the market value of the securities on loan. The market value of the loaned securities is determined at the close of business of the Funds, at their last sale price or official closing price on the principal exchange or system on which they are traded, and any additional required collateral is delivered to the Funds on the next business day. As with other extensions of credit, the Funds may experience delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or become insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan. Dividend income received from securities on loan may not be subject to withholding taxes and therefore withholding taxes paid may differ from the amounts listed in the Statements of Operations. Loans of securities are terminable at any time and as such 1) the remaining contractual maturities of the outstanding securities lending transactions are considered to be overnight and continuous and 2) the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

The Funds invest the cash collateral received in connection with securities lending transactions in the Goldman Sachs Financial Square Government Fund ("Government Money Market Fund"), an affiliated series of the Goldman Sachs Trust. The Government Money Market Fund is registered under the Act as an open end investment company, is subject to Rule 2a-7 under the Act, and is managed by GSAM, for which GSAM may receive a management fee of up to 0.16% on an annualized basis of the average daily net assets of the Government Money Market Fund.

In the event of a default by a borrower with respect to any loan, BNYM may exercise any and all remedies provided under the applicable borrower agreement to make the Funds whole. These remedies include purchasing replacement securities by applying the collateral held from the defaulting broker against the purchase cost of the replacement securities. If BNYM is unable to purchase replacement securities, BNYM will indemnify the Funds by paying the Funds an amount equal to the market value of the securities loaned minus the value of cash collateral received from the borrower for the loan, subject to an exclusion for any shortfalls resulting from a loss of value in such cash collateral due to reinvestment risk. The Funds' master netting agreements with certain borrowers provide the right, in the event of a default (including bankruptcy or insolvency), for the non-defaulting party to liquidate the collateral and calculate net exposure to the defaulting party or request additional collateral. However, in the event of a default by a borrower, a resolution authority could determine that such rights are not enforceable due to the restrictions or prohibitions against the right of set-off that may be imposed in accordance with a particular jurisdiction's bankruptcy or insolvency laws. The Funds' loaned securities were all subject to enforceable Securities Lending Agreements and the value of the collateral was at least equal to the value of the cash received. The amounts of the Funds' overnight and continuous agreements, which represent the gross amounts of recognized liabilities for securities lending transactions outstanding as of August 31, 2022, are disclosed as "Payable upon return of securities loaned" on the Statements of Assets and Liabilities, where applicable.

The Funds' risks include, but are not limited to, the following:

**Derivatives Risk** — The Funds' use of derivatives may result in loss. Derivative instruments, which may pose risks in addition to and greater than those associated with investing directly in securities, currencies or other instruments, may be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of the underlying instruments may produce disproportionate losses to the Funds. Derivatives are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. The use of derivatives is a highly specialized activity that involves investment techniques and risks different from those associated with investments in more traditional securities and instruments. Losses from derivatives can also result from a lack of correlation between changes in the value of derivative instruments and the portfolio assets (if any) being hedged.

**Foreign and Emerging Countries Risk** — Investing in foreign markets may involve special risks and considerations not typically associated with investing in the U.S. Foreign securities may be subject to risk of loss because of more or less foreign government regulation; less public information; less stringent investor protections; less stringent accounting, corporate governance, financial reporting and disclosure standards; and less economic, political and social stability in the countries in which a Fund invests. The imposition of sanctions, exchange controls (including repatriation restrictions), confiscation of assets and property, trade restrictions (including tariffs) and other government restrictions by the U.S. or other governments, or from problems in registration, settlement or custody, may also result in losses. The type and severity of sanctions and other similar measures, including counter sanctions and other retaliatory actions, that may be imposed could vary broadly in scope, and their impact is impossible to predict. For example, the imposition of sanctions and other similar measures could, among other things, cause a decline in the value and/or liquidity of securities issued by the sanctioned country or companies located in or economically tied to the sanctioned country and increase market volatility and disruption in the sanctioned country and throughout the world. Sanctions and other similar measures could limit or prevent a Fund from buying and selling securities (in the sanctioned country and other markets), significantly delay or prevent the settlement of securities transactions, and significantly impact the Fund's liquidity and performance. Foreign risk also involves the risk of negative foreign currency exchange rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which a Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. To the extent that a Fund also invests in securities of issuers located in, or economically tied to, emerging markets, these risks may be more pronounced.

------

GOLDMAN SACHS MARKETBETA<sup>®</sup> ETFS

*November 30, 2022 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

**Foreign Custody Risk** — A Fund invests in foreign securities, and as such the Fund may hold such securities and cash with foreign banks, agents, and securities depositories appointed by the Fund's custodian (each a "Foreign Custodian"). Some foreign custodians may be recently organized or new to the foreign custody business. In some countries, Foreign Custodians may be subject to little or no regulatory oversight over, or independent evaluation of, their operations. Further, the laws of certain countries may place limitations on a Fund's ability to recover its assets if a Foreign Custodian enters bankruptcy. Investments in emerging markets may be subject to even greater custody risks than investments in more developed markets. Custody services in emerging market countries are very often undeveloped and may be considerably less well regulated than in more developed countries, and thus may not afford the same level of investor protection as would apply in developed countries.

**Investments in Other Investment Companies Risk** — As a shareholder of another investment company, including an ETF, a Fund will indirectly bear its proportionate share of any net management fees and other expenses paid by such other investment companies, in addition to the fees and expenses regularly borne by the Fund. ETFs are subject to risks that do not apply to conventional mutual funds, including, but not limited to, the following: (i) the market price of the ETF's shares may trade at a premium or a discount to their NAV; and (ii) an active trading market for an ETF's shares may not develop or be maintained.

**Index Risk** — Solactive AG (the "Index Provider") constructs each Fund's Index in accordance with a rules-based methodology. A Fund will be negatively affected by general declines in the securities and asset classes represented in its Index. In addition, because the Funds are not "actively" managed, unless a specific security is removed from an Index, a Fund generally would not sell a security because the security's issuer was in financial trouble. Market disruptions and regulatory restrictions could have an adverse effect on a Fund's ability to adjust its exposure to the required levels in order to track the Index. A Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, a Fund's performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers. The Index Provider relies on third party data it believes to be reliable in constructing each Index, but it does not guarantee the accuracy or availability of such third party data. Errors in index data, index computation or the construction of an Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the applicable Fund and its shareholders. In addition, neither a Fund, the Investment Adviser, the Calculation Agent nor the Index Provider can guarantee the availability or timeliness of the production of the Index.

**Market and Credit Risks** — In the normal course of business, a Fund trades financial instruments and enters into financial transactions where risk of potential loss exists due to changes in the market (market risk). The value of the securities in which a Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. Events such as war, acts of terrorism, social unrest, natural disasters, the spread of infectious illness or other public health threats could also significantly impact a Fund and its investments. Additionally, a Fund may also be exposed to credit risk in the event that an issuer or guarantor fails to perform or that an institution or entity with which the Fund has unsettled or open transactions defaults.

**Market Trading Risk** — Each Fund faces numerous market trading risks, including disruptions to creations and redemptions, the existence of extreme market volatility or potential lack of an active trading market for Shares. If a shareholder purchases Shares at a time when the market price is at a premium to the NAV or sells Shares at a time when the market price is at a discount to the NAV, the shareholder may sustain losses. The Investment Adviser cannot predict whether Shares will trade below, at or above their NAV. Price differences may be due, in large part, to the fact that supply and demand forces at work in the secondary trading market for Shares will be closely related to, but not identical to, the same forces influencing the prices of the securities of a Fund's Index trading individually or in the aggregate at any point in time.

**Tracking Error Risk** — Tracking error is the divergence of a Fund's performance from that of its Index. The performance of a Fund may diverge from that of its Index for a number of reasons. Tracking error may occur because of transaction costs, a Fund's holding of cash, differences in accrual of dividends, changes to its Index or the need to meet new or existing regulatory requirements. Unlike a Fund, the returns of an Index are not reduced by investment and other operating expenses, including the trading costs associated with implementing changes to its portfolio of investments. Tracking error risk may be heightened during times of market volatility or other unusual market conditions.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Goldman Sachs ETF Trust

- **b. Investment Company Act file number:** 811-23013

- **c. CIK number of Registrant:** 0001479026

- **d. LEI of Registrant:** 549300VEZF7K2ES5WL82

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

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

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

- **a. Name of Series:** Goldman Sachs MarketBeta U.S. Equity ETF

- **b. EDGAR series identifier (if any):** S000066535

- **c. LEI of Series:** 549300EMEG7T4I7JWK22

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $865018220.81

**Total Liabilities:** $339883.86

**Net Assets:** $864678336.95

**Cash Not Reported:** $1094754.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214556 | -9.24%               | 7.94%                | 5.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11624980.73             | $-71888029.72                              |
| Month 2  | $251746.24               | $56254395.12                               |
| Month 3  | $-2935397.31             | $43880938.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Garmin Ltd                               | Garmin Ltd                                 | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      3843 | NS      | $357360.57    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                         | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     94394 | NS      | $4526192.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                    | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     27417 | NS      | $1580590.05   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                           | Eaton Corp PLC                             | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |      9885 | NS      | $1615703.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                 | Willis Towers Watson PLC                   | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | GB        |      2720 | NS      | $669555.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                | Amgen Inc                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     13304 | NS      | $3810265.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                              | Zscaler Inc                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      2113 | NS      | $281979.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                     | Keurig Dr Pepper Inc                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     21288 | NS      | $823206.96    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                       | Conagra Brands Inc                         | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     11913 | NS      | $452455.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                   | Boston Scientific Corp                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     35572 | NS      | $1610344.44   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                          | Weyerhaeuser Co                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     18388 | NS      | $601471.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                      | Alliant Energy Corp                        | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      6234 | NS      | $350974.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                              | Corteva Inc                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     17890 | NS      | $1201492.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                | Amcor PLC                                  | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | GB        |     37002 | NS      | $456974.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                | Packaging Corp of America                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      2292 | NS      | $311459.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                          | TJX Cos Inc/The                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     26970 | NS      | $2158948.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc              | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     16741 | NS      | $3675486.55   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                   | IDEXX Laboratories Inc                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      2059 | NS      | $876866.33    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                              | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2137 | NS      | $986823.86    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                       | Royalty Pharma PLC                         | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | US        |      9181 | NS      | $403688.57    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                    | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     10995 | NS      | $5929053.75   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     40497 | NS      | $8787849.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                        | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      5044 | NS      | $402309.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                       | J M Smucker Co/The                         | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      2502 | NS      | $385333.02    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                       | Ally Financial Inc                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |      6853 | NS      | $185099.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                         | Crown Castle Inc                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     10741 | NS      | $1519099.63   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc             | Citizens Financial Group Inc               | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     12256 | NS      | $519409.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                | Occidental Petroleum Corp                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     23148 | NS      | $1608554.52   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS Inc                                | ANSYS Inc                                  | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |      2158 | NS      | $548779.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                         | FirstEnergy Corp                           | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     13502 | NS      | $556822.48    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                           | Lowe's Cos Inc                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     15381 | NS      | $3269231.55   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                             | Xylem Inc/NY                               | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      4467 | NS      | $501867.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                           | Starbucks Corp                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     27988 | NS      | $2860373.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                               | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     10684 | NS      | $711127.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     32997 | NS      | $3071030.79   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                      | Cardinal Health Inc                        | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      6491 | NS      | $520383.47    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc              | Alnylam Pharmaceuticals Inc                | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      2981 | NS      | $657578.79    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                      | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     28717 | NS      | $2251699.97   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                 | Marsh & McLennan Cos Inc                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     12395 | NS      | $2146566.10   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc             | Walgreens Boots Alliance Inc               | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     17774 | NS      | $737621.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                   | Skyworks Solutions Inc                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      3986 | NS      | $381141.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc           | JB Hunt Transport Services Inc             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      2056 | NS      | $378077.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                        | Brown-Forman Corp                          | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |      7595 | NS      | $554586.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     65289 | NS      | $12711768.30  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                               | ResMed Inc                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      3620 | NS      | $833324.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                  | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     59466 | NS      | $8869948.56   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                              | Lennar Corp                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      6228 | NS      | $547005.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                               | Biogen Inc                                 | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |      3598 | NS      | $1098001.66   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                      | American Tower Corp                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     11566 | NS      | $2558977.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                              | Corning Inc                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     19007 | NS      | $648708.91    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                      | Carrier Global Corp                        | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     20924 | NS      | $927351.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International           | Johnson Controls International plc         | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     17098 | NS      | $1135991.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Corp                   | AmerisourceBergen Corp                     | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      3826 | NS      | $653059.94    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc               | Chipotle Mexican Grill Inc                 | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       684 | NS      | $1112840.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                            | Clorox Co/The                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      3054 | NS      | $453977.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc            | Hilton Worldwide Holdings Inc              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      6715 | NS      | $957693.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                            | Pinterest Inc                              | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14404 | NS      | $366149.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc            | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     10326 | NS      | $2727509.64   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                       | Valero Energy Corp                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      9771 | NS      | $1305601.02   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc            | Intercontinental Exchange Inc              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     13771 | NS      | $1491537.01   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                            | DTE Energy Co                              | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      4782 | NS      | $554759.82    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                      | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     72223 | NS      | $9979774.14   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                              | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     59510 | NS      | $10070877.30  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group Inc                          | Lucid Group Inc                            | CUSIP: 549498103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14049 | NS      | $142456.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| CoStar Group Inc                         | CoStar Group Inc                           | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10018 | NS      | $811858.72    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                               | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     33363 | NS      | $1514346.57   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                               | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      6482 | NS      | $971975.90    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                           | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     21055 | NS      | $7813089.40   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagen Inc                               | Seagen Inc                                 | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3386 | NS      | $411026.54    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                     | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    174336 | NS      | $6598617.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                               | Deere & Co                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      6915 | NS      | $3049515.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED Inc                              | ABIOMED Inc                                | CUSIP: 003654100<br>LEI: 5493001EZN4ZTB4Z5887 | Long             | EC               | CORP              | US        |      1112 | NS      | $420102.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      8131 | NS      | $781551.72    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                 | Fox Corp                                   | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      3429 | NS      | $104653.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                  | Rockwell Automation Inc                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      2867 | NS      | $757518.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                             | DoorDash Inc                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      6296 | NS      | $366742.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Westrock Co                              | Westrock Co                                | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               | CORP              | US        |      6241 | NS      | $236658.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                      | Eastman Chemical Co                        | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      3047 | NS      | $263931.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                         | Genuine Parts Co                           | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      3461 | NS      | $634505.13    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                               | Ventas Inc                                 | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      9909 | NS      | $461065.77    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH Network Corp                        | DISH Network Corp                          | CUSIP: 25470M109<br>LEI: 529900U350CWHH15G169 | Long             | EC               | CORP              | US        |      6206 | NS      | $99606.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                 | Agilent Technologies Inc                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      7356 | NS      | $1140032.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                     | Generac Holdings Inc                       | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      1564 | NS      | $165033.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                     | Las Vegas Sands Corp                       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      8220 | NS      | $385024.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                             | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     19737 | NS      | $936915.39    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                 | Simon Property Group Inc                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      8091 | NS      | $966389.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                      | Emerson Electric Co                        | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     14618 | NS      | $1399965.86   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc           | American Electric Power Co Inc             | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     12784 | NS      | $1237491.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                                 | Roku Inc                                   | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      3002 | NS      | $178228.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                | MGM Resorts International                  | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      7863 | NS      | $289830.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                 | Digital Realty Trust Inc                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      7152 | NS      | $804313.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     31669 | NS      | $3911438.19   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                   | International Paper Co                     | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |      8985 | NS      | $333523.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalent Inc                             | Catalent Inc                               | CUSIP: 148806102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4248 | NS      | $212952.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                               | Nasdaq Inc                                 | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      8478 | NS      | $580403.88    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc                    | Boston Properties Inc                      | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |      3550 | NS      | $255884.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                 | Jazz Pharmaceuticals PLC                   | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      1516 | NS      | $237875.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                   | Roper Technologies Inc                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      2622 | NS      | $1150769.58   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL           | Seagate Technology Holdings PLC            | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |      4810 | NS      | $254785.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                        | Devon Energy Corp                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     16184 | NS      | $1108927.68   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                             | Moody's Corp                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      3933 | NS      | $1173095.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                    | Burlington Stores Inc                      | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      1622 | NS      | $317392.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                             | Stryker Corp                               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      8287 | NS      | $1938246.43   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                    | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      5982 | NS      | $1509796.98   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                              | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     11943 | NS      | $1295098.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                        | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      2759 | NS      | $624389.29    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                               | Masco Corp                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      5593 | NS      | $284012.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                              | MetLife Inc                                | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     14879 | NS      | $1141219.30   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                              | Equinix Inc                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      2258 | NS      | $1559487.70   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                           | Albemarle Corp                             | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2907 | NS      | $808116.93    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                              | Snap-on Inc                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      1302 | NS      | $313261.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                              | Avantor Inc                                | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16069 | NS      | $358017.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                               | STERIS PLC                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2484 | NS      | $461378.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                             | Autodesk Inc                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      5363 | NS      | $1083057.85   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                  | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     37983 | NS      | $3135116.82   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                  | Becton Dickinson and Co                    | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      7097 | NS      | $1769565.98   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                           | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5725 | NS      | $256365.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co                               | Kellogg Co                                 | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |      6458 | NS      | $471111.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                          | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     13125 | NS      | $3102881.25   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                          | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     15685 | NS      | $2375650.10   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                            | Carnival Corp                              | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |     24168 | NS      | $239988.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                           | Rocket Cos Inc                             | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2707 | NS      | $22468.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                | Hess Corp                                  | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      6950 | NS      | $1000174.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                            | Sempra Energy                              | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      7825 | NS      | $1300436.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                   | Palo Alto Networks Inc                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      7293 | NS      | $1239080.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                         | W R Berkley Corp                           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      4978 | NS      | $379721.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                               | Humana Inc                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      3113 | NS      | $1711838.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                 | Ameriprise Financial Inc                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2689 | NS      | $892613.55    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc             | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      9740 | NS      | $5456542.80   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                               | Cigna Corp                                 | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      7568 | NS      | $2489039.52   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                      | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     22476 | NS      | $3346676.40   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                   | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1479 | NS      | $228668.19    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                             | Entergy Corp                               | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      5044 | NS      | $586465.88    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                           | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    182965 | NS      | $46681690.10  | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp               | Raytheon Technologies Corp                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     36744 | NS      | $3627367.68   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD                    | McCormick & Co Inc/MD                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      6190 | NS      | $527264.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                | Host Hotels & Resorts Inc                  | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     17611 | NS      | $333552.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                            | Mosaic Co/The                              | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      8581 | NS      | $440205.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                      | Kimberly-Clark Corp                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      8398 | NS      | $1139020.74   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                              | Equifax Inc                                | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      3038 | NS      | $599610.06    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                     | Edison International                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      9499 | NS      | $633203.34    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avangrid Inc                             | Avangrid Inc                               | CUSIP: 05351W103<br>LEI: 549300OX0Q38NLSKPB49 | Long             | EC               | CORP              | US        |      1768 | NS      | $75617.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                   | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21145 | NS      | $983665.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                             | WP Carey Inc                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |      4725 | NS      | $372330.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                | Keysight Technologies Inc                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      4418 | NS      | $799172.02    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                    | Spotify Technology SA                      | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      2950 | NS      | $234289.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                 | FMC Corp                                   | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      3121 | NS      | $407727.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                      | Elevance Health Inc                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      5966 | NS      | $3179400.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                 | Estee Lauder Cos Inc/The                   | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      5300 | NS      | $1249687.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                              | Incyte Corp                                | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      4586 | NS      | $365366.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                       | Trade Desk Inc/The                         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     10956 | NS      | $571245.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                               | Fiserv Inc                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     14714 | NS      | $1535553.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                    | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      5888 | NS      | $1117601.28   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                     | Invitation Homes Inc                       | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15170 | NS      | $494997.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                  | Consolidated Edison Inc                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      8816 | NS      | $864320.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     18229 | NS      | $3458588.17   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc              | Raymond James Financial Inc                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      4857 | NS      | $567783.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                               | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      5980 | NS      | $1089675.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                              | Lennar Corp                                | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |       360 | NS      | $26139.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                  | Extra Space Storage Inc                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3291 | NS      | $528830.79    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                           | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     21164 | NS      | $7542849.60   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH             | Huntington Bancshares Inc/OH               | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     35316 | NS      | $546691.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                | Chubb Ltd                                  | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      9664 | NS      | $2122117.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                  | KeyCorp                                    | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     23133 | NS      | $435131.73    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                  | Marathon Petroleum Corp                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     12377 | NS      | $1507642.37   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                | ONEOK Inc                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     11066 | NS      | $740536.72    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                          | Ulta Beauty Inc                            | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      1256 | NS      | $583839.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou           | Public Service Enterprise Group Inc        | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     12407 | NS      | $751243.85    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc               | Stanley Black & Decker Inc                 | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      3669 | NS      | $299830.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                    | Southwest Airlines Co                      | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     14717 | NS      | $587355.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information            | Fidelity National Information Services Inc | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     15004 | NS      | $1088990.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                       | Enphase Energy Inc                         | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      3307 | NS      | $1060191.13   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc                    | Rivian Automotive Inc                      | CUSIP: 76954A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12748 | NS      | $408445.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                        | EOG Resources Inc                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     14555 | NS      | $2065791.15   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                               | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      5683 | NS      | $809372.86    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Sir           | Liberty Media Corp-Liberty SiriusXM        | CUSIP: 531229409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1892 | NS      | $82907.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc            | Annaly Capital Management Inc              | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     11601 | NS      | $251393.67    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                     | Align Technology Inc                       | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      1824 | NS      | $358707.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                      | General Electric Co                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     27051 | NS      | $2325574.47   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                               | Twilio Inc                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      4276 | NS      | $209609.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co            | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     31961 | NS      | $536305.58    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                          | Match Group Inc                            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      7024 | NS      | $355133.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                               | CarMax Inc                                 | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3926 | NS      | $272307.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                    | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     21356 | NS      | $2340617.60   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                        | Atmos Energy Corp                          | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      3456 | NS      | $415411.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                              | Viatris Inc                                | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     30128 | NS      | $332311.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                           | Halliburton Co                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     20836 | NS      | $789476.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                             | Fortive Corp                               | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      8719 | NS      | $588968.45    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                           | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      5019 | NS      | $2089409.70   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                 | Essex Property Trust Inc                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      1608 | NS      | $354371.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                    | Monster Beverage Corp                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      9360 | NS      | $962769.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                 | Microchip Technology Inc                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     13484 | NS      | $1067797.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                      | Northern Trust Corp                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      4980 | NS      | $463687.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                | AvalonBay Communities Inc                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      3409 | NS      | $596234.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                  | SBA Communications Corp                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      2666 | NS      | $797933.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                       | Realty Income Corp                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     15345 | NS      | $967809.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                           | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     24135 | NS      | $3867633.75   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                   | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      8851 | NS      | $2393221.89   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                 | Snap Inc                                   | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |     25762 | NS      | $265606.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                          | Gen Digital Inc                            | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     14565 | NS      | $334412.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                      | Paycom Software Inc                        | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      1267 | NS      | $429639.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc               | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    104606 | NS      | $4077541.88   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                     | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     20744 | NS      | $1607245.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                   | Liberty Broadband Corp                     | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |       417 | NS      | $37613.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc               | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     34036 | NS      | $2301173.96   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                      | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      6174 | NS      | $1082672.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                           | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    221217 | NS      | $21356289.18  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corp                  | Warner Music Group Corp                    | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2927 | NS      | $100308.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                              | Datadog Inc                                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      6589 | NS      | $499314.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                  | Arthur J Gallagher & Co                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      5186 | NS      | $1032584.46   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                    | Truist Financial Corp                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     32822 | NS      | $1536397.82   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                   | Diamondback Energy Inc                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4403 | NS      | $651732.06    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                               | Hasbro Inc                                 | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3225 | NS      | $202594.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                               | Dexcom Inc                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      9714 | NS      | $1129543.92   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I           | West Pharmaceutical Services Inc           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      1837 | NS      | $431070.42    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FleetCor Technologies Inc                | FleetCor Technologies Inc                  | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1815 | NS      | $356103.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                | Aflac Inc                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     14311 | NS      | $1029390.23   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                   | Liberty Broadband Corp                     | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      3094 | NS      | $281120.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                | Warner Bros Discovery Inc                  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     55039 | NS      | $627444.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                             | Illumina Inc                               | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      3915 | NS      | $853783.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                    | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     47305 | NS      | $1378467.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                            | Kroger Co/The                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     16391 | NS      | $806273.29    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                | Archer-Daniels-Midland Co                  | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     13885 | NS      | $1353787.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                            | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     14728 | NS      | $1184573.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                 | Etsy Inc                                   | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      3131 | NS      | $413573.79    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial In           | Fidelity National Financial Inc            | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      6528 | NS      | $263470.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                      | Arista Networks Inc                        | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      5837 | NS      | $813094.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                              | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     35031 | NS      | $5339425.02   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                       | HCA Healthcare Inc                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      5347 | NS      | $1284456.34   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                         | Henry Schein Inc                           | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      3343 | NS      | $270515.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                  | Aon PLC                                    | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | US        |      5002 | NS      | $1542016.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     56532 | NS      | $6676429.20   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                 | Baxter International Inc                   | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     12515 | NS      | $707472.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                   | Trane Technologies PLC                     | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      5737 | NS      | $1023595.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc               | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     40014 | NS      | $3106286.82   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                          | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     18324 | NS      | $4998603.96   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                          | Dollar Tree Inc                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      5225 | NS      | $785265.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                | Qorvo Inc                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      2551 | NS      | $253186.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                   | Advance Auto Parts Inc                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      1493 | NS      | $225428.07    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                               | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      6829 | NS      | $2783432.11   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                           | S&P Global Inc                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      8297 | NS      | $2927181.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                       | IQVIA Holdings Inc                         | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      4539 | NS      | $989592.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                           | Public Storage                             | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |      3788 | NS      | $1128672.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                          | Best Buy Co Inc                            | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      4988 | NS      | $425476.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Gr           | Hartford Financial Services Group Inc/The  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      8019 | NS      | $612411.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                | Healthpeak Properties Inc                  | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               | CORP              | US        |     13397 | NS      | $351805.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVT FUND | GOLDMAN SACHS FINANCIAL SQUARE GOVT FUND   | CUSIP: 000000000<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |    293720 | NS      | $293720.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T           | Bank of New York Mellon Corp/The           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     18155 | NS      | $833314.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                            | Accenture PLC                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     16533 | NS      | $4975275.69   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                              | HubSpot Inc                                | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      1142 | NS      | $346060.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                    | Northrop Grumman Corp                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3467 | NS      | $1848916.43   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                            | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      8906 | NS      | $1571909.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Wa           | Expeditors International of Washington Inc | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      4053 | NS      | $470391.18    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd              | Royal Caribbean Cruises Ltd                | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |      5407 | NS      | $324041.51    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                         | EPAM Systems Inc                           | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      1378 | NS      | $507903.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                     | Western Digital Corp                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      7774 | NS      | $285694.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA                   | First Republic Bank/CA                     | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |      4528 | NS      | $577818.08    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                   | CenterPoint Energy Inc                     | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     15624 | NS      | $486062.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                      | Gilead Sciences Inc                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     31204 | NS      | $2740647.32   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD            | Marriott International Inc/MD              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      7128 | NS      | $1178614.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                            | AppLovin Corp                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2984 | NS      | $42999.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                      | Global Payments Inc                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      6842 | NS      | $710062.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                 | Prudential Financial Inc                   | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      9267 | NS      | $1001114.01   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                             | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47804 | NS      | $8762951.24   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc               | Zimmer Biomet Holdings Inc                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      5225 | NS      | $627522.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                  | Bristol-Myers Squibb Co                    | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     53161 | NS      | $4267765.08   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp               | Capital One Financial Corp                 | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      9424 | NS      | $972933.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                          | Xcel Energy Inc                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     13602 | NS      | $955132.44    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                              | Fastenal Co                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     14292 | NS      | $736180.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                               | Loews Corp                                 | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      4999 | NS      | $290691.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                     | WEC Energy Group Inc                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      7844 | NS      | $777654.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                 | MSCI Inc                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      1941 | NS      | $985698.03    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                   | Lumen Technologies Inc                     | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |     25546 | NS      | $139736.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                          | WW Grainger Inc                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      1135 | NS      | $684473.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                | PG&E Corp                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     40013 | NS      | $628204.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                    | 3M Co                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     13776 | NS      | $1735362.72   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                 | LKQ Corp                                   | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      6475 | NS      | $351786.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                             | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     27938 | NS      | $3533877.62   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                             | Fortinet Inc                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     16620 | NS      | $883519.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group Ltd                     | Everest Re Group Ltd                       | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       965 | NS      | $326112.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                     | Parker-Hannifin Corp                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      3180 | NS      | $950629.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                | Cincinnati Financial Corp                  | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      3853 | NS      | $427528.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                            | BlackRock Inc                              | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      3476 | NS      | $2488816.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc               | Cadence Design Systems Inc                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      6752 | NS      | $1161614.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                      | Otis Worldwide Corp                        | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     10470 | NS      | $817602.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                        | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     93550 | NS      | $4651306.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corp                              | Markel Corp                                | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       317 | NS      | $419974.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                              | Rollins Inc                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      6255 | NS      | $252952.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                | Chewy Inc                                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      2212 | NS      | $95403.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign Inc                             | DocuSign Inc                               | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      4923 | NS      | $231725.61    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                          | CVS Health Corp                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     32610 | NS      | $3322306.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                     | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       984 | NS      | $2046178.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                       | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1740 | NS      | $614272.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                      | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     13693 | NS      | $2157879.87   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                      | Dominion Energy Inc                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     20706 | NS      | $1265343.66   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                | Linde PLC                                  | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |     12248 | NS      | $4121207.04   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                | Caesars Entertainment Inc                  | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      5099 | NS      | $259080.19    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                               | TransUnion                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |      4771 | NS      | $300954.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                | Ball Corp                                  | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |      7770 | NS      | $435741.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                  | NVR Inc                                    | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        73 | NS      | $338647.73    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                       | Equity Residential                         | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      9081 | NS      | $588993.66    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                 | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      3602 | NS      | $926974.70    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                   | Motorola Solutions Inc                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      4136 | NS      | $1125819.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                          | Southern Co/The                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     26237 | NS      | $1774670.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    133838 | NS      | $13577865.10  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                               | PACCAR Inc                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      7891 | NS      | $835735.81    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                            | Welltower Inc                              | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     11535 | NS      | $819331.05    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                          | CMS Energy Corp                            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      7196 | NS      | $439459.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                     | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     14535 | NS      | $1920800.25   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd                      | TE Connectivity Ltd                        | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | US        |      7959 | NS      | $1003789.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                       | PPG Industries Inc                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      5847 | NS      | $790631.34    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                               | NetApp Inc                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      5394 | NS      | $364688.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                         | Paramount Global                           | CUSIP: 92556H107<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |       232 | NS      | $5308.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| DaVita Inc                               | DaVita Inc                                 | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      1299 | NS      | $95775.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                      | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     43308 | NS      | $4659074.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                        | Veeva Systems Inc                          | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      3474 | NS      | $661310.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                | Aptiv PLC                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      6716 | NS      | $716395.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc              | American Water Works Co Inc                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      4524 | NS      | $686562.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                         | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    103482 | NS      | $11521685.88  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Laboratory Corp of America Hol           | Laboratory Corp of America Holdings        | CUSIP: 50540R409<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | EC               | CORP              | US        |      2244 | NS      | $540130.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                             | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     16488 | NS      | $4507984.08   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV             | LyondellBasell Industries NV               | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |      6343 | NS      | $539218.43    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                          | Yum! Brands Inc                            | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      7086 | NS      | $911684.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                             | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      3785 | NS      | $1285158.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I           | Mettler-Toledo International Inc           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       556 | NS      | $817075.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                            | Ford Motor Co                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     98226 | NS      | $1365341.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                 | Okta Inc                                   | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |      3694 | NS      | $196964.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                               | Evergy Inc                                 | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      5635 | NS      | $333648.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     42372 | NS      | $317790.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                              | Cummins Inc                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      3494 | NS      | $877553.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                    | DuPont de Nemours Inc                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     11432 | NS      | $806070.32    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                      | Synchrony Financial                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     11930 | NS      | $448329.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                       | Domino's Pizza Inc                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       891 | NS      | $346358.43    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                    | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     14510 | NS      | $139150.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                           | CBRE Group Inc                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      7686 | NS      | $611805.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc             | Apollo Global Management Inc               | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10661 | NS      | $739766.79    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                            | M&T Bank Corp                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      4306 | NS      | $732106.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                              | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     10905 | NS      | $3331804.65   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                               | Airbnb Inc                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      9017 | NS      | $920996.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                    | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      5121 | NS      | $713304.09    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IFF                                      | International Flavors & Fragrances Inc     | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      6340 | NS      | $670898.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                  | Activision Blizzard Inc                    | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |     17633 | NS      | $1303960.35   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                  | Lululemon Athletica Inc                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |      3041 | NS      | $1156522.71   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                     | Verisk Analytics Inc                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3867 | NS      | $710406.57    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I           | American International Group Inc           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     18909 | NS      | $1193346.99   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                               | Sysco Corp                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     12497 | NS      | $1081115.47   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                      | Fifth Third Bancorp                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     16983 | NS      | $617501.88    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                 | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      5247 | NS      | $617309.55    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Sir           | Liberty Media Corp-Liberty SiriusXM        | CUSIP: 531229607<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4160 | NS      | $182332.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                           | Cloudflare Inc                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      6547 | NS      | $321719.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    149079 | NS      | $15055488.21  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc               | Vertex Pharmaceuticals Inc                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      6369 | NS      | $2015151.60   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                            | Boeing Co/The                              | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     14769 | NS      | $2641878.72   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc            | Interactive Brokers Group Inc              | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      2439 | NS      | $195851.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                               | Dover Corp                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      3553 | NS      | $504348.35    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services              | Discover Financial Services                | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |      6723 | NS      | $728504.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                       | Ingersoll Rand Inc                         | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     10023 | NS      | $540941.31    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                           | A O Smith Corp                             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      3174 | NS      | $192788.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                               | Zoetis Inc                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     11643 | NS      | $1794652.02   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                       | Kraft Heinz Co/The                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     19408 | NS      | $763704.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions           | Cognizant Technology Solutions Corp        | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     12879 | NS      | $801202.59    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                            | Medtronic PLC                              | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     33075 | NS      | $2614248.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications Inc            | Zoom Video Communications Inc              | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      5487 | NS      | $413884.41    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                              | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     38456 | NS      | $3193001.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                              | MongoDB Inc                                | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      1641 | NS      | $250564.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                        | Iron Mountain Inc                          | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      7176 | NS      | $389872.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                              | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     11437 | NS      | $1910779.59   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                       | Coterra Energy Inc                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     19200 | NS      | $535872.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc            | Live Nation Entertainment Inc              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      3856 | NS      | $280562.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                               | Splunk Inc                                 | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |      4027 | NS      | $312817.36    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                      | Dollar General Corp                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      5607 | NS      | $1433597.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                          | Ross Stores Inc                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      8473 | NS      | $997017.91    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc                | CH Robinson Worldwide Inc                  | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      3026 | NS      | $303265.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                   | HP Inc                                     | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     25012 | NS      | $751360.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software            | Take-Two Interactive Software Inc          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      4081 | NS      | $431320.89    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                   | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     23228 | NS      | $12723369.28  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                              | CDW Corp/DE                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      3358 | NS      | $633453.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc               | Charter Communications Inc                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      2529 | NS      | $989572.41    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                       | Unity Software Inc                         | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |      5190 | NS      | $205056.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VMware Inc                               | VMware Inc                                 | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               | CORP              | US        |      5625 | NS      | $683381.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     13061 | NS      | $885143.97    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                     | Waste Management Inc                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     10278 | NS      | $1723826.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                 | CSX Corp                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     53198 | NS      | $1739042.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                              | ROBLOX Corp                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8417 | NS      | $267408.09    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie           | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      4027 | NS      | $626641.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                          | Baker Hughes Co                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25066 | NS      | $727415.32    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                   | Franklin Resources Inc                     | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |      7095 | NS      | $190216.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                | Edwards Lifesciences Corp                  | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     15310 | NS      | $1182697.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                             | Centene Corp                               | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     14106 | NS      | $1227927.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                              | Waters Corp                                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      1489 | NS      | $516087.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                    | Dell Technologies Inc                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      6217 | NS      | $278459.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                  | Akamai Technologies Inc                    | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      3898 | NS      | $369764.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                | L3Harris Technologies Inc                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      4743 | NS      | $1077040.44   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                               | Amdocs Ltd                                 | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |      3042 | NS      | $270312.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                       | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     25487 | NS      | $8257533.13   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                     | Southern Copper Corp                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | PE        |      2126 | NS      | $129728.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                        | General Mills Inc                          | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     14739 | NS      | $1257236.70   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                  | Cboe Global Markets Inc                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      2623 | NS      | $332701.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                           | Whirlpool Corp                             | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      1344 | NS      | $196936.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    400004 | NS      | $59212592.12  | 6.85%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                              | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     34317 | NS      | $6366146.67   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                             | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      2313 | NS      | $462160.53    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                             | AutoZone Inc                               | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       490 | NS      | $1263710.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                  | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      6771 | NS      | $1540199.37   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                             | Prologis Inc                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     22945 | NS      | $2702691.55   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                         | Schlumberger Ltd                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     35168 | NS      | $1812910.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                             | KKR & Co Inc                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     18056 | NS      | $937467.52    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                             | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      3883 | NS      | $362866.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                              | Textron Inc                                | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      5243 | NS      | $374245.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                             | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    109015 | NS      | $3994309.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                         | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     96581 | NS      | $6143517.41   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                          | Tyson Foods Inc                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      7109 | NS      | $471184.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                   | Sirius XM Holdings Inc                     | CUSIP: 82968B103<br>LEI: 54930055RWDMVXAGZK98 | Long             | EC               | CORP              | US        |     16857 | NS      | $109401.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Electronic Arts Inc                      | Electronic Arts Inc                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      6887 | NS      | $900681.86    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                    | ON Semiconductor Corp                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     10742 | NS      | $807798.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     11551 | NS      | $3984286.43   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                 | Fox Corp                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      7558 | NS      | $245257.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                            | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     48163 | NS      | $2331570.83   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                     | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     35432 | NS      | $1410193.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc                      | GLOBALFOUNDRIES Inc                        | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | US        |      1765 | NS      | $113577.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| NiSource Inc                             | NiSource Inc                               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     10064 | NS      | $281188.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                         | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     44812 | NS      | $2087342.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bill.com Holdings Inc                    | Bill.com Holdings Inc                      | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      2480 | NS      | $298641.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                        | Eversource Energy                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      8537 | NS      | $707375.82    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                | ZoomInfo Technologies Inc                  | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7295 | NS      | $208637.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                              | Moderna Inc                                | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      8489 | NS      | $1493299.99   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                        | Expedia Group Inc                          | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3767 | NS      | $402466.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                     | Lockheed Martin Corp                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      6599 | NS      | $3201768.81   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                   | Regions Financial Corp                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     23148 | NS      | $537265.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                        | Hormel Foods Corp                          | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |      7099 | NS      | $333653.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                        | Lam Research Corp                          | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      3399 | NS      | $1605619.62   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                      | Vulcan Materials Co                        | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      3220 | NS      | $590322.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                         | Duke Energy Corp                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     19159 | NS      | $1914558.87   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc            | Old Dominion Freight Line Inc              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      2515 | NS      | $761064.15    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                 | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3515 | NS      | $1381922.25   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                           | Atlassian Corp                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      3548 | NS      | $466739.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                      | TransDigm Group Inc                        | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1274 | NS      | $800709.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions           | Broadridge Financial Solutions Inc         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      3819 | NS      | $569451.09    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                               | Pfizer Inc                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    139705 | NS      | $7003411.65   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                  | Dow Inc                                    | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     17855 | NS      | $910069.35    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                         | Vail Resorts Inc                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |       990 | NS      | $254964.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                 | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    177352 | NS      | $3419346.56   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc            | Principal Financial Group Inc              | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      6177 | NS      | $553953.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                        | Allstate Corp/The                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      6599 | NS      | $883606.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                      | Leidos Holdings Inc                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      3368 | NS      | $368223.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                              | Trimble Inc                                | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      6142 | NS      | $366984.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                        | Kinder Morgan Inc                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     49076 | NS      | $938333.12    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                    | Quest Diagnostics Inc                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      2879 | NS      | $437118.57    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                  | UDR Inc                                    | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      8047 | NS      | $333709.09    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                           | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     17316 | NS      | $1584933.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc           | Air Products and Chemicals Inc             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      5511 | NS      | $1709291.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                       | Cooper Cos Inc/The                         | CUSIP: 216648402<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      1224 | NS      | $387212.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                              | Coupang Inc                                | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |     20715 | NS      | $403528.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Therapeutics Plc                 | Horizon Therapeutics Plc                   | CUSIP: 000000000<br>LEI: 529900P0GSQ79OOZEV53 | Long             | EC               | CORP              | US        |      5684 | NS      | $570048.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                              | Ameren Corp                                | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      6395 | NS      | $571201.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                             | Teleflex Inc                               | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      1169 | NS      | $273686.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                      | Coinbase Global Inc                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      3535 | NS      | $161655.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Arch Capital Group Ltd                   | Arch Capital Group Ltd                     | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      8888 | NS      | $532480.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                   | Darden Restaurants Inc                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      3040 | NS      | $446849.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                              | Exelon Corp                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     24455 | NS      | $1011703.35   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                  | Sherwin-Williams Co/The                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      5917 | NS      | $1474398.06   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                     | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     30262 | NS      | $1050091.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                 | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     31039 | NS      | $3404667.91   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc                   | Yum China Holdings Inc                     | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |      9997 | NS      | $551034.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc            | Martin Marietta Materials Inc              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1544 | NS      | $565845.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                             | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9856 | NS      | $5430951.68   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                   | Church & Dwight Co Inc                     | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      6035 | NS      | $494085.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                           | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     62845 | NS      | $6920491.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                        | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     65443 | NS      | $11648854.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                   | Berkshire Hathaway Inc                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     32281 | NS      | $10284726.60  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                   | T Rowe Price Group Inc                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      5523 | NS      | $689877.93    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                            | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      7996 | NS      | $687656.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc             | United Airlines Holdings Inc               | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      8109 | NS      | $358174.53    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                         | Paramount Global                           | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     14426 | NS      | $289674.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                 | PPL Corp                                   | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     17980 | NS      | $530769.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                              | Paychex Inc                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      8022 | NS      | $994968.66    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I           | PNC Financial Services Group Inc/The       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     10157 | NS      | $1709016.82   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit           | Mid-America Apartment Communities Inc      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      2855 | NS      | $470732.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co             | Pioneer Natural Resources Co               | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      5638 | NS      | $1330511.62   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                        | State Street Corp                          | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      8642 | NS      | $688508.14    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                    | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     22734 | NS      | $4102577.64   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                              | Hologic Inc                                | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      6146 | NS      | $468079.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The              | Goldman Sachs Group Inc/The                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      8460 | NS      | $3266829.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                 | Molson Coors Beverage Co                   | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |      4385 | NS      | $241657.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                        | Brown-Forman Corp                          | CUSIP: 115637100<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |      1217 | NS      | $88828.83     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc           | SS&C Technologies Holdings Inc             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      5555 | NS      | $298636.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                       | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     12768 | NS      | $2194946.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                              | Workday Inc                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      4953 | NS      | $831608.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                               | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    102240 | NS      | $3074356.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                 | eBay Inc                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     13660 | NS      | $620710.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc              | BioMarin Pharmaceutical Inc                | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |      4588 | NS      | $463296.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                              | Gartner Inc                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1911 | NS      | $669557.07    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                           | Hershey Co/The                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      3652 | NS      | $858840.84    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                    | Norfolk Southern Corp                      | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      5848 | NS      | $1500012.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                       | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     45381 | NS      | $4441438.47   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co                         | Campbell Soup Co                           | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      4941 | NS      | $265183.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                            | Celanese Corp                              | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      2463 | NS      | $264279.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                  | O'Reilly Automotive Inc                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1560 | NS      | $1348682.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                  | Zebra Technologies Corp                    | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1281 | NS      | $346228.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                           | Globe Life Inc                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      2212 | NS      | $265351.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                            | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3493 | NS      | $1333208.24   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                        | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     34942 | NS      | $1417247.52   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In           | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     38549 | NS      | $3842178.83   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                  | VF Corp                                    | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |      8682 | NS      | $284943.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group                      | SVB Financial Group                        | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |      1463 | NS      | $339094.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                       | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48835 | NS      | $4136324.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                      | Delta Air Lines Inc                        | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     15919 | NS      | $563055.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                               | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     43993 | NS      | $7090791.74   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                               | Ecolab Inc                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      6285 | NS      | $941681.55    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol           | Westinghouse Air Brake Technologies Corp   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      4337 | NS      | $438427.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                      | VICI Properties Inc                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     23952 | NS      | $819158.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                         | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1201 | NS      | $1118112.99   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc            | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      2594 | NS      | $1949909.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                       | Union Pacific Corp                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     15520 | NS      | $3374513.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                            | Snowflake Inc                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      6738 | NS      | $962860.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-25

**Name of Applicant:** Goldman Sachs ETF Trust

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President Assistant Treasurer