Exhibit (h)(16)

AMENDMENT TO FUND ADMINISTRATION AND ACCOUNTING AGREEMENT

This Amendment (“Amendment”) is made as of March 17, 2022 (the “Effective Date”), by and between each of Goldman Sachs Trust, Goldman Sachs Variable Insurance Trust, Goldman Sachs ETF Trust, Goldman Sachs ETF Trust II, Goldman Sachs Real Estate Diversified Income Fund and Cayman Commodity-MFS, LLC, separately and not jointly (collectively, the “Funds”), and The Bank of New York Mellon (“BNY Mellon”).

BACKGROUND:

A. BNY Mellon and certain of the Funds are parties to that certain Fund Administration and Accounting Agreement dated as of April 5, 2011 (as amended to date, the “Agreement”), relating to BNY Mellon’s provision of services to the Funds and each Series or subsidiary of a Series or a Fund, as applicable, listed on Exhibit A to the Agreement, as such Exhibit A may be amended from time to time.

B. The parties desire to amend the Agreement as set forth herein.

TERMS:

The parties hereby agree that:

1. Exhibit A to the Agreement is hereby deleted in its entirety and replaced with Exhibit A attached hereto.

2. Miscellaneous

(a) Capitalized terms not defined in this Amendment shall remain in full force and effect. In the event of a conflict between the terms hereof and the Agreement, this Amendment shall control.

(b) As hereby amended and supplemented, the Agreement shall remain in full force and effect.

(c) The Agreement, as amended hereby, constitutes the complete understanding and agreement of the parties with respect to the subject matter hereof and supersedes all prior communications with respect thereto.

(d) The parties expressly agree that this Amendment may be executed in one or more counterparts and expressly agree that such execution may occur by manual signature on a physically delivered copy of this Amendment, by a manual signature on a copy of this Amendment transmitted by facsimile transmission, by a manual signature on a copy of this Amendment transmitted as an imaged document attached to an email, or by “Electronic Signature”, which is hereby defined to mean inserting an image, representation or symbol of a signature into an electronic copy of this Amendment by electronic, digital or other technological methods. Each counterpart executed in accordance with the foregoing shall be deemed an original, with all such counterparts together constituting one and the same instrument. The exchange of executed counterparts of this Amendment or of executed signature pages to counterparts of this Amendment,

in either case by facsimile transmission or as an imaged document attached to an email transmission, shall constitute effective execution and delivery of this Amendment and may be used for all purposes in lieu of a manually executed and physically delivered copy of this Amendment.

(e) This Amendment shall be governed by the laws of the State of New York, without regard to its principles of conflicts of laws.

[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers and their seals to be hereunto affixed, all as of the Effective Date. An authorized representative, if executing this Amendment by Electronic Signature, affirms authorization to execute this Amendment by Electronic Signature and that the Electronic Signature represents an intent to enter into this Amendment and an agreement with its terms.

CAYMAN COMMODITY-MFS, LLC
By:	/s/ Chris Bradford
	Name: Chris Bradford
	Title: Director
GOLDMAN SACHS TRUST
On behalf of each of its Series and their wholly owned subsidiaries identified on Exhibit A attached hereto
By:	/s/ Chris Bradford
	Name: Chris Bradford
	Title: Director
GOLDMAN SACHS VARIABLE INSURANCE TRUST
On behalf of each of its Series identified on Exhibit A attached hereto
By:	/s/ Chris Bradford
	Name: Chris Bradford
	Title: Director
GOLDMAN SACHS ETF TRUST
On behalf of each of its Series identified on
Exhibit A attached hereto
By:	/s/ Chris Bradford
	Name: Chris Bradford
	Title: Director

GOLDMAN SACHS ETF TRUST II
On behalf of each of its Series identified on Exhibit A attached hereto
By:	/s/ Chris Bradford
	Name: Chris Bradford
	Title: Director
GOLDMAN SACHS REAL ESTATE DIVERSIFIED INCOME FUND, on behalf of
itself and each of DIF Investments LLC, DIF Investments II LLC and DIF Investments III LLC
By:	/s/ Chris Bradford
	Name: Chris Bradford
	Title: Director
THE BANK OF NEW YORK MELLON
By:	/s/ Steve Duncan
	Name: Steve Duncan
	Title: Relationship Manager

EXHIBIT A

(Amended and Restated as of March 17, 2022)

CAYMAN COMMODITY-MFS, LLC^{1 3}

GOLDMAN SACHS TRUST

Goldman Sachs Capital Growth Fund¹

Goldman Sachs China Equity Fund^{1 4}

Goldman Sachs Concentrated Growth Fund¹

Goldman Sachs Dynamic Municipal Income Fund^{1 3 +}

Goldman Sachs Emerging Markets Equity Fund^{1 4}

Goldman Sachs Emerging Markets Equity Insights Fund^{1 4}

Goldman Sachs Enhanced Dividend Global Equity Portfolio^{1 2}

Goldman Sachs Equity Income Fund¹

Goldman Sachs ESG Emerging Markets Equity Fund^{1 4}

Goldman Sachs Financial Square Federal Instruments Fund

Goldman Sachs Financial Square Government Fund

Goldman Sachs Financial Square Money Market Fund

Goldman Sachs Financial Square Prime Obligations Fund

Goldman Sachs Financial Square Treasury Instruments Fund

Goldman Sachs Financial Square Treasury Obligations Fund

Goldman Sachs Financial Square Treasury Solutions Fund

Goldman Sachs Flexible Cap Fund¹

Goldman Sachs Focused Value Fund¹

Goldman Sachs Global Infrastructure Fund¹

Goldman Sachs Global Real Estate Securities Fund^{1 3}

Goldman Sachs Growth Opportunities Fund¹

Goldman Sachs High Yield Municipal Fund^{1 3 +}

Goldman Sachs International Equity ESG Fund^{1 4}

Goldman Sachs International Equity Income Fund^{1 4}

Goldman Sachs International Equity Insights Fund^{1 4}

Goldman Sachs International Real Estate Securities Fund^{1 3 5}

Goldman Sachs International Small Cap Insights Fund^{1 4}

Goldman Sachs International Tax-Managed Equity Fund^{1 4}

Goldman Sachs Investor Money Market Fund

Goldman Sachs Investor Tax-Exempt Money Market Fund

Goldman Sachs Large Cap Growth Insights Fund¹

Goldman Sachs Large Cap Value Fund¹

Goldman Sachs Large Cap Value Insights Fund¹

Goldman Sachs Managed Futures Strategy Fund^{1 3}

Goldman Sachs Mid Cap Value Fund¹

Goldman Sachs Municipal Income Completion Fund^{1 3 +}

Goldman Sachs Short Duration Tax-Free Fund^{1 3 +}

Goldman Sachs Real Estate Securities Fund^{1 2}

Goldman Sachs Small Cap Equity Insights Fund¹

Goldman Sachs Small Cap Growth Fund¹

Goldman Sachs Small Cap Growth Insights Fund¹

Goldman Sachs Small Cap Value Fund¹

Goldman Sachs Small Cap Value Insights Fund¹

Goldman Sachs Small/Mid Cap Growth Fund¹

Goldman Sachs Small/Mid Cap Value Fund¹

Goldman Sachs Strategic Growth Fund¹

Goldman Sachs Tax-Advantaged Global Equity Portfolio^{1 2}

Goldman Sachs Technology Opportunities Fund¹

Goldman Sachs U.S. Equity ESG Fund¹

Goldman Sachs U.S. Equity Insights Fund¹

Goldman Sachs U.S. Tax-Managed Equity Fund^{1 4}

GOLDMAN SACHS VARIABLE INSURANCE TRUST

Goldman Sachs Variable Insurance Trust—Goldman Sachs Core Fixed Income Fund^{1 4 +}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Equity Index Fund^{1 2}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Global Trends Allocation Fund^{1 2 6}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Government Money Market Fund

Goldman Sachs Variable Insurance Trust—Goldman Sachs Growth Opportunities Fund^{1 2}

Goldman Sachs Variable Insurance Trust—Goldman Sachs High Quality Floating Rate Fund^{1 4 7 +}

Goldman Sachs Variable Insurance Trust—Goldman Sachs International Equity Insights Fund^{1 4}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Large Cap Value Fund^{1 2}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Mid Cap Value Fund^{1 2}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Multi-Strategy Alternatives Portfolio^{1 2}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Small Cap Equity Insights Fund^{1 2}

Goldman Sachs Variable Insurance Trust—Goldman Sachs Strategic Growth Fund^{1 2}

Goldman Sachs Variable Insurance Trust—Goldman Sachs U.S. Equity Insights Fund^{1 2}

GOLDMAN SACHS ETF TRUST

Goldman Sachs Access Emerging Markets Local Currency Bond ETF*

Goldman Sachs Access Emerging Markets USD Bond ETF

Goldman Sachs Access High Yield Corporate Bond ETF⁺

Goldman Sachs Access Inflation Protected USD Bond ETF

Goldman Sachs Access Investment Grade Corporate Bond ETF⁺

Goldman Sachs Access Treasury 0-1 Year ETF

Goldman Sachs Access China Bond ETF*

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF⁺

Goldman Sachs Access Investment Grade Corporate 10+ Year Bond ETF*

Goldman Sachs Access Total Bond Market ETF*

Goldman Sachs Access U.S. Aggregate Bond ETF⁺

Goldman Sachs Access U.S. Treasury Bond ETF*

Goldman Sachs Access Ultra Short Bond ETF⁺

Goldman Sachs ActiveBeta^® Emerging Markets Equity ETF

Goldman Sachs ActiveBeta^® Europe Equity ETF

Goldman Sachs ActiveBeta^® International Equity ETF

Goldman Sachs ActiveBeta^® Japan Equity ETF

Goldman Sachs ActiveBeta^® Paris-Aligned Climate U.S. Large Cap Equity ETF

Goldman Sachs ActiveBeta^® U.S. Large Cap Equity ETF

Goldman Sachs ActiveBeta^® U.S. Low Vol Plus Equity ETF*

Goldman Sachs ActiveBeta^® U.S. Small Cap Equity ETF

Goldman Sachs Bloomberg Clean Energy Equity ETF

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Goldman Sachs Future Consumer Equity ETF

Goldman Sachs Future Health Care Equity ETF

Goldman Sachs Future Planet Equity ETF

Goldman Sachs Future Real Estate and Infrastructure Equity ETF

Goldman Sachs Future Tech Leaders Equity ETF

Goldman Sachs Hedge Industry VIP ETF

Goldman Sachs Innovate Equity ETF

Goldman Sachs JUST U.S. Large Cap Equity ETF

Goldman Sachs MarketBeta Emerging Markets Equity ETF

Goldman Sachs MarketBeta International Equity ETF

Goldman Sachs MarketBeta International Small Cap Equity ETF*

Goldman Sachs MarketBeta U.S. Equity ETF

Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF

GOLDMAN SACHS ETF TRUST II

Goldman Sachs MarketBeta U.S. 1000 Equity ETF*

GOLDMAN SACHS REAL ESTATE DIVERSIFIED INCOME FUND¹

DIF Investments LLC, a wholly-owned subsidiary¹

DIF Investments II LLC, a wholly-owned subsidiary¹

DIF Investments III LLC, a wholly-owned subsidiary¹

* The Fund has not yet commenced operations. Goldman Sachs Asset Management will provide notice to BNY Mellon to commence services upon the Fund’s launch.

¹  BNY Mellon shall provide the services set forth in Schedules I and II to the Agreement except that BNY Mellon shall not provide, and the Funds shall not receive, the following services:

• Schedule I – item number 2 (Provide monthly and weekly, or as mutually agreed by the

• parties, portfolio holdings information and other information required to be posted on the

• Fund’s website pursuant to Rule 2a-7(c)(12) under the 1940 Act)

• Schedule II –

• Section I, item 5 (Daily Yields) and item 6 (Prepare Money Market Fee Waiver Spreadsheet as requested by Fund Controllers);

• Section II; and

• Section III, item 11 (Monthly Money Market Fee Waiver Spreadsheet in agreed-upon format as requested by Fund Controllers).

For clarity, Schedules III and IV to the Agreement do not apply.

²  As of conversion expected to occur October 4, 2021.

³  As of conversion expected to occur November 1, 2021.

⁴  As of conversion expected to occur December 6, 2021.

⁵  Fund to merge into Goldman Sachs Global Real Estate Securities Fund on or about April 15, 2022.

⁶  Fund has been renamed Goldman Sachs Variable Insurance Trust – Goldman Sachs Trend Driven Allocation Fund.

⁷  Fund to be liquidated on or about April 27, 2022.

⁺  The service set forth in section (o) of Schedule IV will apply.