N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-05349

Goldman Sachs Trust

(Exact name of registrant as specified in charter)

71 South Wacker Drive, Chicago, Illinois	60606
(Address of principal executive offices)	(Zip code)

Caroline Kraus, Esq. Goldman, Sachs & Co. 200 West Street New York, New York 10282 Copies to: Geoffrey R.T. Kenyon, Esq. Dechert LLP 200 Clarendon Street 27^th Floor Boston, MA 02116-5021

(Name and address of agent for service)

Registrant’s telephone number, including area code: (312) 655-4400

Date of fiscal year end: December 31

Date of reporting period: March 31, 2013

Item 1. Schedule of Investments.

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – 99.6%
	Automobiles & Components – 1.0%
	36,200	Autoliv, Inc.	$       2,502,868
	304,000	Ford Motor Co.	3,997,600
	164,000	Johnson Controls, Inc.	5,751,480
			12,251,948
	Banks – 3.9%
	237,800	BB&T Corp.	7,464,542
	264,300	First Niagara Financial Group, Inc.	2,341,698
	308,900	Hudson City Bancorp, Inc.	2,668,896
	890,600	New York Community Bancorp, Inc.	12,780,110
	294,800	U.S. Bancorp	10,002,564
	828,500	Valley National Bancorp	8,483,840
	93,700	Wells Fargo & Co.(a)	3,465,963
			47,207,613
	Capital Goods – 7.7%
	21,400	Armstrong World Industries, Inc.*	1,196,046
	68,700	Caterpillar, Inc.	5,974,839
	37,300	Deere & Co.	3,207,054
	231,200	Emerson Electric Co.	12,917,144
	50,800	Exelis, Inc.	553,212
	7,700	GATX Corp.	400,169
	1,379,150	General Electric Co.(a)(b)	31,885,948
	6,000	Hubbell, Inc. Class B	582,660
	69,000	Illinois Tool Works, Inc.	4,204,860
	158,500	Lockheed Martin Corp.	15,298,420
	92,000	The Boeing Co.	7,898,200
	3,200	TransDigm Group, Inc.	489,344
	87,300	United Technologies Corp.	8,156,439
			92,764,335
	Commercial & Professional Services – 1.4%
	16,000	Manpower, Inc.	907,520
	804,000	Pitney Bowes, Inc.	11,947,440
	326,600	R.R. Donnelley & Sons Co.	3,935,530
			16,790,490
	Consumer Durables & Apparel – 0.7%
	5,600	Michael Kors Holdings Ltd.*	318,024
	33,600	NIKE, Inc. Class B	1,982,736
	21,100	Polaris Industries, Inc.	1,951,539
	5,200	PVH Corp.	555,412
	8,100	Toll Brothers, Inc.*	277,344
	20,600	VF Corp.	3,455,650
			8,540,705
	Consumer Services – 3.5%
	111,800	Carnival Corp.	3,834,740
	9,500	Las Vegas Sands Corp.	535,325
	158,700	McDonald’s Corp.	15,820,803
	63,900	Starbucks Corp.	3,639,744
	127,300	Starwood Hotels & Resorts Worldwide, Inc.	8,112,829
	78,000	Wynn Resorts Ltd.	9,762,480
			41,705,921
	Diversified Financials – 5.3%
	89,300	Ameriprise Financial, Inc.	6,576,945
	972,581	Bank of America Corp.(a)	11,846,036

Shares		Description	Value
	Common Stocks – (continued)
	Diversified Financials – (continued)
	31,500	BlackRock, Inc.	$       8,091,720
	20,530	Citigroup, Inc.	908,247
	107,700	CME Group, Inc.	6,611,703
	215,001	Federated Investors, Inc. Class B	5,089,061
	352,400	JPMorgan Chase & Co.(a)	16,724,904
	58,700	T. Rowe Price Group, Inc.	4,394,869
	116,700	The Bank of New York Mellon Corp.	3,266,433
	16,800	Waddell & Reed Financial, Inc. Class A	735,504
			64,245,422
	Energy – 11.3%
	70,400	Chevron Corp.(a)(b)	8,364,928
	268,300	ConocoPhillips	16,124,830
	390,300	Exxon Mobil Corp.	35,169,933
	207,500	Halliburton Co.	8,385,075
	128,700	Kinder Morgan, Inc.	4,978,116
	147,600	Murphy Oil Corp.	9,406,548
	162,600	Occidental Petroleum Corp.	12,742,962
	175,600	Schlumberger Ltd.	13,150,684
	443,200	Spectra Energy Corp.	13,628,400
	14,100	Teekay Corp.	507,036
	367,200	The Williams Companies, Inc.	13,755,312
			136,213,824
	Food & Staples Retailing – 2.1%
	101,400	Costco Wholesale Corp.	10,759,554
	181,500	CVS Caremark Corp.	9,980,685
	62,900	Wal-Mart Stores, Inc.	4,706,807
			25,447,046
	Food, Beverage & Tobacco – 5.7%
	233,600	Altria Group, Inc.	8,033,504
	18,900	Bunge Ltd.	1,395,387
	27,500	Hillshire Brands Co.	966,625
	179,400	Kellogg Co.	11,558,742
	45,600	Kraft Foods Group, Inc.	2,349,768
	234,800	Mondelez International, Inc. Class A	7,187,228
	86,500	PepsiCo, Inc.	6,843,015
	14,600	Philip Morris International, Inc.	1,353,566
	311,100	Reynolds American, Inc.	13,840,839
	368,100	The Coca-Cola Co.(a)	14,885,964
			68,414,638
	Health Care Equipment & Services – 2.7%
	213,500	Abbott Laboratories(a)	7,540,820
	95,000	Baxter International, Inc.	6,900,800
	13,400	Catamaran Corp.*	710,602
	54,000	Express Scripts Holding Co.*	3,113,100
	104,900	HCA Holdings, Inc.	4,262,087
	78,900	Medtronic, Inc.	3,705,144
	7,900	Omnicare, Inc.	321,688
	6,500	Teleflex, Inc.	549,315
	92,300	UnitedHealth Group, Inc.	5,280,483
	5,400	Universal Health Services, Inc. Class B	344,898
			32,728,937

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Household & Personal Products – 2.4%
	255,100	Avon Products, Inc.	$       5,288,223
	29,800	Church & Dwight Co., Inc.	1,925,974
	273,400	The Procter & Gamble Co.(a)	21,068,204
			28,282,401
	Insurance – 3.9%
	118,400	Aflac, Inc.	6,159,168
	103,300	American International Group, Inc.*	4,010,106
	161,400	Mercury General Corp.	6,121,902
	161,100	MetLife, Inc.	6,125,022
	915,000	Old Republic International Corp.	11,629,650
	174,000	Prudential Financial, Inc.	10,264,260
	59,200	StanCorp Financial Group, Inc.	2,531,392
			46,841,500
	Materials – 4.2%
	216,800	E.I. du Pont de Nemours & Co.	10,657,888
	251,800	Freeport-McMoRan Copper & Gold, Inc.	8,334,580
	80,800	International Paper Co.	3,763,664
	21,100	Kronos Worldwide, Inc.	330,215
	57,600	LyondellBasell Industries NV Class A	3,645,504
	12,300	Packaging Corp. of America	551,901
	5,200	Rockwood Holdings, Inc.	340,288
	22,000	Royal Gold, Inc.	1,562,660
	24,000	RPM International, Inc.	757,920
	10,000	Sonoco Products Co.	349,900
	255,957	Southern Copper Corp.	9,616,305
	319,400	The Dow Chemical Co.	10,169,696
			50,080,521
	Media – 2.5%
	190,900	Comcast Corp. Class A	8,019,709
	32,600	DISH Network Corp. Class A	1,235,540
	340,200	The Walt Disney Co.	19,323,360
	55,400	Thomson Reuters Corp.	1,799,392
			30,378,001
	Pharmaceuticals, Biotechnology & Life Sciences – 9.2%
	213,500	AbbVie, Inc.(a)	8,706,530
	49,500	Agilent Technologies, Inc.	2,077,515
	62,300	Amgen, Inc.	6,386,373
	241,101	Bristol-Myers Squibb Co.	9,930,933
	262,400	Eli Lilly & Co.	14,901,696
	154,200	Gilead Sciences, Inc.*	7,545,006
	277,600	Johnson & Johnson	22,632,728
	538,250	Merck & Co., Inc.	23,806,797
	464,200	Pfizer, Inc.	13,396,812
	3,700	Regeneron Pharmaceuticals, Inc.*	652,680
			110,037,070
	Real Estate Investment Trust – 1.9%
	18,700	DDR Corp.	325,754
	4,400	Digital Realty Trust, Inc.	294,404
	77,700	Duke Realty Corp.	1,319,346
	16,600	Extra Space Storage, Inc.	651,882
	212,001	Host Hotels & Resorts, Inc.	3,707,898
	71,200	Simon Property Group, Inc.	11,289,472

Shares		Description	Value
	Common Stocks – (continued)
	Real Estate Investment Trust – (continued)
	7,100	SL Green Realty Corp.	$       611,381
	8,200	Weingarten Realty Investors	258,710
	152,800	Weyerhaeuser Co.	4,794,864
			23,253,711
	Retailing – 3.1%
	32,200	Amazon.com, Inc.*(a)	8,580,978
	41,100	Foot Locker, Inc.	1,407,264
	16,800	Guess?, Inc.	417,144
	47,601	Lowe’s Companies, Inc.	1,805,056
	138,500	Macy’s, Inc.	5,794,840
	5,600	Priceline.com, Inc.*	3,852,408
	27,300	Target Corp.	1,868,685
	55,700	The Gap, Inc.	1,971,780
	158,300	The Home Depot, Inc.	11,046,174
			36,744,329
	Semiconductors & Semiconductor Equipment – 3.4%
	166,700	Analog Devices, Inc.	7,749,883
	484,200	Applied Materials, Inc.	6,527,016
	64,000	Cypress Semiconductor Corp.*	705,920
	785,400	Intel Corp.	17,160,990
	111,500	Maxim Integrated Products, Inc.	3,640,475
	134,700	Microchip Technology, Inc.	4,951,572
			40,735,856
	Software & Services – 8.0%
	80,800	Accenture PLC Class A	6,138,376
	149,800	Automatic Data Processing, Inc.	9,739,996
	154,300	CA, Inc.	3,883,731
	84,100	eBay, Inc.*	4,559,902
	23,600	Google, Inc. Class A*	18,739,108
	35,600	International Business Machines Corp.	7,593,480
	26,100	Lender Processing Services, Inc.	664,506
	7,500	Mastercard, Inc. Class A	4,058,475
	1,095,150	Microsoft Corp.(a)	31,332,242
	10,100	NetSuite, Inc.*	808,606
	11,600	Rackspace Hosting, Inc.*	585,568
	11,400	SolarWinds, Inc.*	673,740
	49,900	TIBCO Software, Inc.*	1,008,978
	30,200	Visa, Inc. Class A	5,129,168
	11,500	VMware, Inc. Class A*	907,120
			95,822,996
	Technology Hardware & Equipment – 6.3%
	20,000	Acme Packet, Inc.*	584,400
	93,500	Apple, Inc.(a)	41,385,905
	103,100	Cisco Systems, Inc.	2,155,821
	71,700	Diebold, Inc.	2,173,944
	409,200	Hewlett-Packard Co.	9,755,328
	39,300	Lexmark International, Inc. Class A	1,037,520
	193,500	Molex, Inc. Class A	4,667,220
	214,000	QUALCOMM, Inc.	14,327,300
	14,500	Riverbed Technology, Inc.*	216,195
			76,303,633

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Telecommunication Services – 3.7%
	443,428	AT&T, Inc.(a)	$     16,269,373
	326,900	CenturyLink, Inc.	11,483,997
	1,153,801	Frontier Communications Corp.	4,592,128
	102,700	Verizon Communications, Inc.	5,047,705
	891,500	Windstream Corp.	7,087,425
			44,480,628
	Transportation – 1.1%
	10,500	Con-way, Inc.	369,705
	12,700	Copa Holdings SA Class A	1,519,047
	167,800	CSX Corp.	4,132,914
	5,300	J.B. Hunt Transport Services, Inc.	394,744
	5,500	Kansas City Southern	609,950
	43,900	Union Pacific Corp.	6,251,799
			13,278,159
	Utilities – 4.6%
	200,100	Ameren Corp.	7,007,502
	153,100	Duke Energy Corp.	11,113,529
	44,100	Entergy Corp.	2,788,884
	198,900	Exelon Corp.	6,858,072
	190,200	FirstEnergy Corp.	8,026,440
	15,900	National Fuel Gas Co.	975,465
	212,300	PPL Corp.	6,647,113
	234,700	Public Service Enterprise Group, Inc.	8,059,598
	79,500	The Southern Co.	3,730,140
	10,300	Westar Energy, Inc.	341,754
			55,548,497
	TOTAL INVESTMENTS – 99.6%		$1,198,098,181
	OTHER ASSETS IN EXCESS OF     LIABILITIES – 0.4%		5,218,371
	NET ASSETS – 100.0%		$1,203,316,552

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 this security is held as collateral for call options written.
(b)	All or a portion of security is segregated as collateral for initial margin requirements on futures transactions.
For information on the mutual funds, please call our toll-free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com.

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At March 31, 2013, the Fund had the following futures contracts:

	Number of
	Contracts	Expiration	Current		Unrealized
Type	Long (Short)	Date	Value		Gain (Loss)
S&P 500 E-mini Index	37	June 2013	$	2,890,995	$	30,830

WRITTEN OPTIONS CONTRACTS — At March 31, 2013, the Fund had the following written options:

	Exercise	Number of	Expiration
Call Options	Rate	Contracts	Month	Value
S&P 500 Index	$1,575	3,285	June 2013	$(10,150,650)
(Premiums Received $9,281,130)

For the period ended March 31, 2013, the Fund had the following written options activity:

	Number of Contracts			Premiums Received
Contracts Outstanding December 31, 2012		3,101		$	8,772,729
Contracts written		3,285			9,281,130
Contracts bought to close		(3,101	)		(8,772,729	)
Contracts Outstanding March 31, 2013		3,285		$	9,281,130

TAX INFORMATION — At March 31, 2013, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

Tax cost	$	1,136,921,488
Gross unrealized gain		108,362,960
Gross unrealized loss		(47,186,267	)
Net unrealized security gain	$	61,176,693

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semi-Annual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – 98.6%
	Australia – 9.7%
	61,876	Alumina Ltd. (Materials)*	$          71,842
	64,163	Bendigo and Adelaide Bank Ltd. (Banks)	688,605
	107,714	BHP Billiton Ltd. (Materials)	3,682,218
	838,205	Dexus Property Group (REIT)	910,858
	273,837	Iluka Resources Ltd. (Materials)	2,691,444
	1,131,767	Metcash Ltd. (Food & Staples Retailing)	4,891,067
	341,081	National Australia Bank Ltd. (Banks)	11,005,370
	92,559	Origin Energy Ltd. (Energy)	1,288,191
	88,403	Sonic Healthcare Ltd. (Health Care Equipment & Services)	1,286,337
	523,172	SP AusNet (Utilities)	652,853
	551,122	Tabcorp Holdings Ltd. (Consumer Services)	1,858,512
	850,394	Tatts Group Ltd. (Consumer Services)	2,812,279
	87,498	Telstra Corp. Ltd. (Telecommunication Services)	411,425
	229,312	Toll Holdings Ltd. (Transportation)	1,420,978
	152,702	Westpac Banking Corp. (Banks)	4,914,199
			38,586,178
	Austria – 0.2%
	22,813	Voestalpine AG (Materials)	702,045
	Belgium – 1.1%
	24,730	Anheuser-Busch InBev NV (Food, Beverage & Tobacco)(a)	2,458,593
	49,812	Belgacom SA (Telecommunication Services)	1,240,067
	7,851	Delhaize Group SA (Food & Staples Retailing)	428,582
	5,679	Umicore SA (Materials)	267,116
			4,394,358
	Bermuda – 0.7%
	78,427	Seadrill Ltd. (Energy)	2,858,145
	China – 0.3%
	1,635,000	Yangzijiang Shipbuilding Holdings Ltd. Class H (Capital Goods)	1,285,097
	Denmark – 1.1%
	11,580	Novo Nordisk A/S Class B (Pharmaceuticals, Biotechnology & Life Sciences)	1,866,489
	287,571	TDC A/S (Telecommunication Services)	2,213,404
	3,789	Tryg A/S (Insurance)	306,480
			4,386,373
	Finland – 0.8%
	23,149	Metso Oyj (Capital Goods)*	989,107
	632,069	Nokia Oyj (Technology Hardware & Equipment)	2,056,072
	5,114	Orion Oyj Class B (Pharmaceuticals, Biotechnology & Life Sciences)	134,566
			3,179,745

Shares		Description	Value
	Common Stocks – (continued)
	France – 8.7%
	66,472	Bouygues SA (Capital Goods)	$      1,805,303
	27,879	Cap Gemini SA (Software & Services)	1,270,434
	36,048	Compagnie de Saint-Gobain SA (Capital Goods)	1,338,589
	6,933	Compagnie Generale d’Optique Essilor International SA (Health Care Equipment & Services)	771,478
	32,428	Danone SA (Food, Beverage & Tobacco)	2,257,922
	217,745	France Telecom SA (Telecommunication Services)(a)	2,206,374
	60,680	GDF Suez (Utilities)	1,165,719
	12,137	Imerys SA (Materials)	790,847
	9,123	Klepierre (REIT)	358,753
	13,574	Lagardere SCA (Media)	500,306
	880	L’Oreal SA (Household & Personal Products)	139,615
	4,499	LVMH Moet Hennessy Louis Vuitton SA (Consumer Durables & Apparel)	772,973
	37,631	Peugeot SA (Automobiles & Components)*	272,925
	41,248	Rexel SA (Capital Goods)	900,659
	57,543	Sanofi (Pharmaceuticals, Biotechnology & Life Sciences)	5,868,543
	23,946	Schneider Electric SA (Capital Goods)	1,751,123
	12,440	Societe Generale SA (Banks)*	409,562
	185,622	Total SA (Energy)(a)	8,890,161
	3,280	Unibail-Rodamco SE (REIT)	763,952
	113,132	Vivendi SA (Telecommunication Services)(a)	2,340,479
			34,575,717
	Germany – 7.7%
	10,247	Axel Springer AG (Media)	445,188
	15,070	Bayer AG (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)	1,557,423
	129,792	Daimler AG (Registered) (Automobiles & Components)(a)	7,078,506
	16,677	Deutsche Boerse AG (Diversified Financials)	1,011,676
	79,938	Deutsche Post AG (Registered) (Transportation)	1,844,791
	207,230	Deutsche Telekom AG (Registered) (Telecommunication Services)	2,193,799
	86,179	E.ON SE (Utilities)	1,507,938
	18,868	Hugo Boss AG (Consumer Durables & Apparel)	2,118,827
	64,082	K+S AG (Registered) (Materials)	2,987,506
	27,927	Metro AG (Food & Staples Retailing)	794,931
	122,773	RWE AG (Utilities)	4,583,218
	5,872	SAP AG (Software & Services)	472,268
	33,145	Siemens AG (Registered) (Capital Goods)	3,572,986

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Germany – (continued)
	8,629	Suedzucker AG (Food, Beverage & Tobacco)	$        364,715
			30,533,772
	Hong Kong – 3.2%
	358,800	AIA Group Ltd. (Insurance)	1,577,546
	42,690	Bank of East Asia Ltd. (Banks)	168,892
	119,000	Cathay Pacific Airways Ltd. (Transportation)	204,083
	89,000	Cheung Kong Holdings Ltd. (Real Estate)	1,318,469
	15,000	Cheung Kong Infrastructure Holdings Ltd. (Utilities)	103,079
	124,500	CLP Holdings Ltd. (Utilities)	1,091,413
	112,000	Hang Lung Properties Ltd. (Real Estate)	419,312
	62,500	Hang Seng Bank Ltd. (Banks)	1,004,211
	99,000	HKT Trust/HKT Ltd. (Telecommunication Services)	99,193
	121,000	Hong Kong & China Gas Co. Ltd. (Utilities)	353,514
	54,400	Hong Kong Exchanges and Clearing Ltd. (Diversified Financials)	929,577
	24,500	Hopewell Holdings Ltd. (Capital Goods)	99,456
	109,000	Hutchison Whampoa Ltd. (Capital Goods)	1,139,614
	27,000	Hysan Development Co. Ltd. (Real Estate)	136,687
	37,000	Kerry Properties Ltd. (Real Estate)	164,701
	252,000	Li & Fung Ltd. (Retailing)	348,360
	132,000	New World Development Co. Ltd. (Real Estate)	224,341
	506,000	Noble Group Ltd. (Capital Goods)	498,537
	55,514	NWS Holdings Ltd. (Capital Goods)	98,955
	23,500	Orient Overseas International Ltd. (Transportation)	159,166
	155,261	Sino Land Co. Ltd. (Real Estate)	264,249
	80,000	SJM Holdings Ltd. (Consumer Services)	200,265
	92,316	Sun Hung Kai Properties Ltd. (Real Estate)	1,245,757
	31,500	Swire Pacific Ltd. Class A (Real Estate)	402,403
	47,000	Wheelock & Co. Ltd. (Real Estate)	250,950
	59,600	Wynn Macau Ltd. (Consumer Services)*	158,799
			12,661,529
	Ireland – 0.4%
	65,801	CRH PLC (Materials)	1,452,988
	Israel – 0.6%
	178,535	Bezeq Israeli Telecommunication Corp. Ltd. (Telecommunication Services)	247,788
	46,143	Israel Chemicals Ltd. (Materials)	597,927

Shares		Description	Value
	Common Stocks – (continued)
	Israel – (continued)
	1,851	Mellanox Technologies Ltd. (Semiconductors & Semiconductor Equipment)*	$         102,431
	33,102	Teva Pharmaceutical Industries Ltd. ADR (Pharmaceuticals, Biotechnology & Life Sciences)	1,313,487
			2,261,633
	Italy – 1.9%
	223,832	Atlantia SpA (Transportation)	3,545,116
	139,829	Enel SpA (Utilities)	458,490
	7,062	Eni SpA (Energy)	158,107
	79,711	Fiat SpA (Automobiles & Components)*	425,803
	517,201	Finmeccanica SpA (Capital Goods)*(a)	2,494,981
	538,083	Telecom Italia SpA (Telecommunication Services)	331,745
			7,414,242
	Japan – 20.8%
	6,600	AEON Financial Service Co. Ltd. (Diversified Financials)	187,220
	3,500	Alfresa Holdings Corp. (Health Care Equipment & Services)	190,576
	105,000	Amada Co. Ltd. (Capital Goods)	698,393
	409,000	Aozora Bank Ltd. (Banks)	1,156,738
	194,000	Asahi Glass Co. Ltd. (Capital Goods)	1,351,280
	7,800	Benesse Holdings, Inc. (Consumer Services)	331,959
	69,800	Canon, Inc. (Technology Hardware & Equipment)	2,565,149
	101,300	Casio Computer Co. Ltd. (Consumer Durables & Apparel)	792,278
	21,300	Chubu Electric Power Co., Inc. (Utilities)	259,416
	6,600	Coca-Cola West Co. Ltd. (Food, Beverage & Tobacco)	114,969
	90,000	Dai Nippon Printing Co. Ltd. (Commercial & Professional Services)	859,907
	42,000	Daihatsu Motor Co. Ltd. (Automobiles & Components)	873,981
	99,700	Daiichi Sankyo Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	1,924,484
	2,800	Daito Trust Construction Co. Ltd. (Real Estate)	240,282
	30,000	Daiwa House Industry Co. Ltd. (Real Estate)	586,756
	18,000	Denki Kagaku Kogyo KK (Materials)	65,075
	12,800	Denso Corp. (Automobiles & Components)	543,852
	3,700	East Japan Railway Co. (Transportation)	304,572
	36,200	Eisai Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	1,621,867
	2,800	FANUC Corp. (Capital Goods)	431,118
	48,000	Fujitsu Ltd. (Technology Hardware & Equipment)	200,522

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Japan – (continued)
	70,000	Furukawa Electric Co. Ltd. (Capital Goods)	$        155,138
	22,100	Hoya Corp. (Technology Hardware & Equipment)	416,778
	106,800	ITOCHU Corp. (Capital Goods)	1,312,288
	22,800	Japan Airlines Co. Ltd. (Transportation)	1,063,553
	134,000	Kaneka Corp. (Materials)	775,106
	36,000	Kawasaki Heavy Industries Ltd. (Capital Goods)	114,087
	57,800	Komatsu Ltd. (Capital Goods)	1,382,418
	20,500	Kuraray Co. Ltd. (Materials)	289,077
	43,400	Kyushu Electric Power Co., Inc. (Utilities)*	442,497
	14,600	Lawson, Inc. (Food & Staples Retailing)	1,121,013
	20,000	Marubeni Corp. (Capital Goods)	153,122
	7,000	Maruichi Steel Tube Ltd. (Materials)	163,335
	2,600	Miraca Holdings, Inc. (Health Care Equipment & Services)	124,952
	71,500	Mitsubishi Chemical Holdings Corp. (Materials)	340,805
	28,400	Mitsubishi Corp. (Capital Goods)	534,882
	14,000	Mitsubishi Estate Co. Ltd. (Real Estate)	396,584
	459,100	Mitsubishi UFJ Financial Group, Inc. (Banks)	2,769,859
	128,300	Mitsui & Co. Ltd. (Capital Goods)	1,808,784
	39,000	Mitsui Chemicals, Inc. (Materials)	85,105
	10,000	Mitsui Fudosan Co. Ltd. (Real Estate)	285,573
	213,700	Mizuho Financial Group, Inc. (Banks)	458,558
	23,200	MS&AD Insurance Group Holdings, Inc. (Insurance)	516,744
	39,000	NEC Corp. (Technology Hardware & Equipment)	104,125
	104	Nippon Building Fund, Inc. (REIT)	1,457,269
	14,000	Nippon Electric Glass Co. Ltd. (Technology Hardware & Equipment)	69,904
	742,000	Nippon Express Co. Ltd. (Transportation)	3,557,725
	12,200	Nippon Paper Group, Inc. (Materials)	186,114
	367,500	Nippon Steel Corp. (Materials)	936,055
	19,600	Nippon Telegraph & Telephone Corp. (Telecommunication Services)	855,728
	368,000	Nippon Yusen Kabushiki Kaisha (Transportation)	948,485
	355,400	Nissan Motor Co. Ltd. (Automobiles & Components)	3,447,533
	9,000	Nisshin Seifun Group, Inc. (Food, Beverage & Tobacco)	118,908
	13,600	Nissin Foods Holdings Co. Ltd. (Food, Beverage & Tobacco)	624,355

Shares		Description	Value
	Common Stocks – (continued)
	Japan – (continued)
	31,000	NKSJ Holdings, Inc. (Insurance)	$        653,020
	175,600	Nomura Holdings, Inc. (Diversified Financials)	1,091,835
	107	Nomura Real Estate Office Fund, Inc. (REIT)	788,633
	21,200	Nomura Research Institute Ltd. (Software & Services)	547,493
	1,772	NTT DoCoMo, Inc. (Telecommunication Services)	2,634,198
	57,000	Oji Holdings Corp. (Materials)	214,334
	24,200	Oracle Corp. Japan (Software & Services)	1,091,792
	209,800	Resona Holdings, Inc. (Banks)	1,107,765
	552,000	Ricoh Co. Ltd. (Technology Hardware & Equipment)	6,026,441
	9,300	Rohm Co. Ltd. (Semiconductors & Semiconductor Equipment)	322,457
	45,200	Sankyo Co. Ltd. (Consumer Durables & Apparel)	2,116,314
	26,400	SBI Holdings, Inc. (Diversified Financials)	234,444
	136,500	Shiseido Co. Ltd. (Household & Personal Products)	1,913,654
	22,900	Sony Corp. (Consumer Durables & Apparel)	398,480
	49,600	Stanley Electric Co. Ltd. (Automobiles & Components)	860,505
	645,000	Sumitomo Chemical Co. Ltd. (Materials)	2,030,575
	85,800	Sumitomo Corp. (Capital Goods)	1,085,212
	36,600	Sumitomo Electric Industries Ltd. (Capital Goods)	450,329
	21,000	Sumitomo Metal Mining Co. Ltd. (Materials)	298,528
	71,300	Sumitomo Mitsui Financial Group, Inc. (Banks)	2,925,073
	185,000	Sumitomo Mitsui Trust Holdings, Inc. (Banks)	880,938
	5,000	T&D Holdings, Inc. (Insurance)	59,885
	4,800	Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	262,957
	416	The Dai-ichi Life Insurance Co. Ltd. (Insurance)	558,239
	99,500	The Kansai Electric Power Co., Inc. (Utilities)*	943,539
	55,300	Tohoku Electric Power Co., Inc. (Utilities)*	441,080
	43,200	Tokio Marine Holdings, Inc. (Insurance)	1,249,792
	177,000	TonenGeneral Sekiyu KK (Energy)	1,755,158
	51,000	Toppan Printing Co. Ltd. (Commercial & Professional Services)	368,185
	21,000	Toshiba Corp. (Technology Hardware & Equipment)	107,089
	84,500	Toyota Motor Corp. (Automobiles & Components)	4,357,308
	8,520	USS Co. Ltd. (Retailing)	979,858

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Japan – (continued)
	31,600	West Japan Railway Co. (Transportation)	$    1,520,288
			82,592,251
	Luxembourg – 0.2%
	78,939	ArcelorMittal (Materials)	1,025,530
	Netherlands – 4.0%
	46,734	Delta Lloyd NV (Insurance)	804,969
	35,781	Koninklijke DSM NV (Materials)	2,085,062
	21,613	Koninklijke KPN NV (Telecommunication Services)	72,797
	108,003	Royal Dutch Shell PLC Class A (Energy)	3,497,922
	69,498	Royal Dutch Shell PLC Class B (Energy)	2,311,161
	172,387	Unilever NV CVA (Food, Beverage & Tobacco)	7,063,307
			15,835,218
	New Zealand – 0.2%
	362,527	Telecom Corp. of New Zealand Ltd. (Telecommunication Services)	711,519
	Norway – 0.3%
	64,369	Orkla ASA (Food, Beverage & Tobacco)	517,427
	14,049	Yara International ASA (Materials)	641,320
			1,158,747
	Portugal – 0.1%
	68,767	EDP - Energias de Portugal SA (Utilities)	211,917
	24,156	Portugal Telecom, SGPS, SA (Registered) (Telecommunication Services)	119,747
			331,664
	Singapore – 0.7%
	1,086,000	CapitaCommercial Trust (REIT)	1,390,913
	32,001	City Developments Ltd. (Real Estate)	293,436
	20,000	Fraser and Neave Ltd. (Capital Goods)	152,215
	402,000	Genting Singapore PLC (Consumer Services)	486,363
	40,000	Global Logistic Properties Ltd. (Real Estate)	84,947
	235,001	Golden Agri-Resources Ltd. (Food, Beverage & Tobacco)	109,979
	16,000	Singapore Airlines Ltd. (Transportation)	140,547
	117,000	Wilmar International Ltd. (Food, Beverage & Tobacco)	327,110
			2,985,510
	Spain – 2.6%
	10,081	ACS Actividades de Construccion y Servicios SA (Capital Goods)	236,198

Shares		Description	Value
	Common Stocks – (continued)
	Spain – (continued)
	239,376	Banco Bilbao Vizcaya Argentaria SA (Banks)(a)	$    2,090,189
	1,215,250	Banco Santander SA (Banks)(a)	8,232,870
			10,559,257
	Sweden – 3.4%
	50,617	Boliden AB (Materials)	817,656
	4,221	Electrolux AB Series B (Consumer Durables & Apparel)	107,596
	3,941	Getinge AB Class B (Health Care Equipment & Services)	120,336
	37,352	Hennes & Mauritz AB Class B (Retailing)	1,337,729
	69,153	Husqvarna AB Class B (Consumer Durables & Apparel)*	409,085
	5,959	Kinnevik Investment AB Class B (Diversified Financials)	144,659
	348,031	Ratos AB Class B (Diversified Financials)	3,683,026
	27,556	Sandvik AB (Capital Goods)	425,072
	226,362	Securitas AB Class B (Commercial & Professional Services)	2,133,204
	17,964	SKF AB Class B (Capital Goods)	438,952
	7,084	Svenska Cellulosa AB Class B (Household & Personal Products)*	182,894
	10,841	Svenska Handelsbanken AB Class A (Banks)	463,682
	135,477	Swedbank AB Class A (Banks)	3,086,762
	3,435	Swedish Match AB (Food, Beverage & Tobacco)	106,630
	21,273	Volvo AB Class B (Capital Goods)	310,582
			13,767,865
	Switzerland – 9.6%
	11,442	Actelion Ltd. (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)*	622,167
	126,949	Credit Suisse Group AG (Registered) (Diversified Financials)*	3,338,850
	1,330	EMS-Chemie Holding AG (Registered) (Materials)	400,487
	626	Givaudan SA (Registered) (Materials)*	769,566
	44,568	Lonza Group AG (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)*	2,897,660
	145,159	Nestle SA (Registered) (Food, Beverage & Tobacco)(a)	10,505,827
	38,797	Novartis AG (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)(a)	2,765,138

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Switzerland – (continued)
	30,112	Roche Holding AG (Pharmaceuticals, Biotechnology & Life Sciences)	$    7,019,805
	173,407	STMicroelectronics NV (Semiconductors & Semiconductor Equipment)	1,339,659
	30,632	Zurich Insurance Group AG (Insurance)*	8,550,913
			38,210,072
	United Kingdom – 20.3%
	26,347	Anglo American PLC (Materials)	680,364
	12,877	ARM Holdings PLC (Semiconductors & Semiconductor Equipment)	181,440
	160,794	AstraZeneca PLC (Pharmaceuticals, Biotechnology & Life Sciences)	8,065,545
	605,543	Aviva PLC (Insurance)	2,744,892
	956,572	BAE Systems PLC (Capital Goods)	5,743,410
	58,235	Barclays PLC (Banks)(a)	259,103
	21,416	BHP Billiton PLC (Materials)	623,671
	246,066	BP PLC ADR (Energy)(a)(b)	10,420,895
	53,325	British Sky Broadcasting Group PLC (Media)	716,735
	6,737	Burberry Group PLC (Consumer Durables & Apparel)	136,390
	113,231	Eurasian Natural Resources Corp. PLC (Materials)	425,410
	203,942	G4S PLC (Commercial & Professional Services)	906,235
	143,039	GKN PLC (Automobiles & Components)	576,425
	10,462	GlaxoSmithKline PLC ADR (Pharmaceuticals, Biotechnology & Life Sciences)	490,772
	92,683	Hammerson PLC (REIT)	694,723
	927,151	HSBC Holdings PLC (Banks)(a)	9,892,313
	461,621	ICAP PLC (Diversified Financials)	2,042,813
	45,824	IMI PLC (Capital Goods)	904,594
	134,839	Imperial Tobacco Group PLC (Food, Beverage & Tobacco)	4,716,033
	314,487	J Sainsbury PLC (Food & Staples Retailing)	1,811,429
	253,630	Marks & Spencer Group PLC (Retailing)	1,504,066
	291,058	National Grid PLC (Utilities)	3,382,025
	33,103	Pearson PLC (Media)	595,628
	321,811	Resolution Ltd. (Insurance)	1,336,867
	142,960	Rexam PLC (Materials)	1,147,964
	126,892	Rio Tinto PLC (Materials)(a)	5,976,676
	304,988	RSA Insurance Group PLC (Insurance)	540,787
	58,875	Segro PLC (REIT)	228,053
	54,911	Standard Chartered PLC (Banks)	1,425,825
	659,835	Tesco PLC (Food & Staples Retailing)	3,835,709

Shares		Description	Value
	Common Stocks – (continued)
	United Kingdom – (continued)
	32,113	Vedanta Resources PLC (Materials)	$        492,720
	239,230	Vodafone Group PLC ADR (Telecommunication Services)(a)(b)	6,796,524
	330,391	WM Morrison Supermarkets PLC (Food & Staples Retailing)	1,388,734
			80,684,770
	TOTAL COMMON STOCKS		$392,154,225
	Preferred Stocks – 0.8%
	Germany – 0.8%
	39,079	Bayerische Motoren Werke AG Preference Shares (Automobiles & Components)	2,501,691
	3,012	ProSiebenSat.1 Media AG Preference Shares (Media)	107,813
	14,294	RWE AG Preference Shares (Utilities)	513,514
	TOTAL PREFERRED STOCKS		$    3,123,018
	TOTAL INVESTMENTS – 99.4%		$395,277,243
	OTHER ASSETS IN EXCESS OF     LIABILITIES – 0.6%		2,328,875
	NET ASSETS – 100.0%		$397,606,118

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 this security is held as collateral for call options written.
(b)	All or a portion of security is segregated as collateral for initial margin requirements on futures transactions.

Investment Abbreviations:
ADR	— American Depositary Receipt
CVA	— Dutch Certification
REIT	— Real Estate Investment Trust

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At March 31, 2013, the Fund had the following futures contracts:

Type	Number of Contracts Long (Short)	Expiration Date	Current Value		Unrealized Gain (Loss)
EURO STOXX 50 Index	32	June 2013	$	1,047,630	$	(40,312	)
FTSE 100 Index	5	June 2013		482,501		(1,445	)
TSE TOPIX Index	4	June 2013		442,131		18,380
TOTAL					$	(23,377	)

WRITTEN OPTIONS CONTRACTS — At March 31, 2013, the Fund had the following written options:

Call Options	Exercise Rate	Number of Contracts	Expiration Month	Value
EURO STOXX 50 Index	EUR 2,775	2,578	June 2013	$	(508,910)
FTSE 100 Index	GBP 6,600	526	June 2013		(347,665)
Nikkei-225 Stock Average	JPY 12,500	213	June 2013		(1,131,354)
Total (Premiums Received $2,737,541)		3,317		$	(1,987,929)

For the period ended March 31, 2013, the Fund had the following written options activity:

	Number of Contracts			Premiums Received
Contracts Outstanding December 31, 2012		2,755		$	3,138,291
Contracts written		3,317			2,737,541
Contracts bought to close		(2,755	)		(3,138,291	)
Contracts Outstanding March 31, 2013		3,317		$	2,737,541

TAX INFORMATION — At March 31, 2013, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

Tax cost	$	411,369,585
Gross unrealized gain		23,077,988
Gross unrealized loss		(39,170,330	)
Net unrealized security loss	$	(16,092,342	)

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semi-Annual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

GOLDMAN SACHS STRUCTURED TAX-MANAGED EQUITY FUND

Schedule of Investments

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – 97.4%
	Automobiles & Components – 0.1%
	16,019	General Motors Co.*	$        445,649
	Banks – 3.4%
	32,755	Capitol Federal Financial, Inc.	395,353
	2,190	M&T Bank Corp.	225,920
	63,147	Ocwen Financial Corp.*	2,394,534
	64,124	PNC Financial Services Group, Inc.	4,264,246
	15,761	U.S. Bancorp	534,771
	5,424	Walker & Dunlop, Inc.*	97,469
	116,732	Wells Fargo & Co.	4,317,917
			12,230,210
	Capital Goods – 5.8%
	12,788	AGCO Corp.	666,511
	8,547	Alliant Techsystems, Inc.	619,059
	2,137	Armstrong World Industries, Inc.*	119,437
	4,733	Brady Corp. Class A	158,697
	12,445	DigitalGlobe, Inc.*	359,785
	105,942	General Electric Co.	2,449,379
	9,481	Honeywell International, Inc.	714,393
	3,718	Hyster-Yale Materials Handling, Inc.	212,261
	39,820	Illinois Tool Works, Inc.	2,426,591
	29,272	Lockheed Martin Corp.	2,825,333
	1,759	Raytheon Co.	103,412
	10,279	SeaCube Container Leasing Ltd.	236,006
	25,430	TAL International Group, Inc.	1,152,233
	23,061	Taser International, Inc.*	183,335
	40,784	The Boeing Co.	3,501,306
	6,527	Trex Co., Inc.*	320,998
	18,029	United Technologies Corp.	1,684,449
	16,630	WABCO Holdings, Inc.*	1,173,912
	23,184	Watsco, Inc.	1,951,629
			20,858,726
	Commercial & Professional Services – 0.7%
	2,261	Barrett Business Services, Inc.	119,064
	13,004	Intersections, Inc.	122,368
	11,738	Kforce, Inc.	192,151
	12,118	Manpower, Inc.	687,333
	4,644	Quad/Graphics, Inc.	111,177
	73,318	Steelcase, Inc. Class A	1,079,974
	5,109	The ADT Corp.	250,035
			2,562,102
	Consumer Durables & Apparel – 1.1%
	3,573	Arctic Cat, Inc.*	156,140
	24,689	Blyth, Inc.(a)	428,601
	8,345	Columbia Sportswear Co.(a)	483,009
	3,664	Harman International Industries, Inc.	163,524
	30,846	Hasbro, Inc.(a)	1,355,373
	66,487	Hovnanian Enterprises, Inc. Class A*(a)	383,630
	7,217	NACCO Industries, Inc. Class A	385,099
	21,899	PulteGroup, Inc.*	443,236
	14,220	Smith & Wesson Holding Corp.*(a)	127,980
			3,926,592

Shares		Description	Value
	Common Stocks – (continued)
	Consumer Services – 4.8%
	8,392	Ameristar Casinos, Inc.	$      220,122
	9,538	Bally Technologies, Inc.*	495,690
	38,746	Boyd Gaming Corp.*(a)	320,429
	124,959	Marriott International, Inc. Class A	5,277,019
	6,393	Multimedia Games Holding Co., Inc.*	133,422
	12,296	Papa John’s International, Inc.*	760,139
	17,760	Starbucks Corp.	1,011,610
	28,490	Wyndham Worldwide Corp.	1,837,035
	40,011	Wynn Resorts Ltd.	5,007,777
	27,462	Yum! Brands, Inc.	1,975,616
			17,038,859
	Diversified Financials – 7.5%
	12,435	Ameriprise Financial, Inc.	915,838
	196,006	Apollo Investment Corp.	1,638,610
	28,423	BGC Partners, Inc. Class A	118,240
	14,027	Cash America International, Inc.	735,997
	14,465	CBOE Holdings, Inc.	534,337
	68,745	Citigroup, Inc.	3,041,279
	39,408	Cohen & Steers, Inc.(a)	1,421,446
	29,252	FXCM, Inc. Class A	400,167
	82,178	Greenhill & Co., Inc.	4,386,662
	5,706	Interactive Brokers Group, Inc. Class A	85,076
	8,745	Investment Technology Group, Inc.*	96,545
	153,495	JPMorgan Chase & Co.	7,284,873
	13,021	Leucadia National Corp.	357,166
	13,256	Morgan Stanley	291,367
	88,478	PHH Corp.*	1,942,977
	2	Stifel Financial Corp.*	69
	179,789	TD Ameritrade Holding Corp.	3,707,249
	8,807	WisdomTree Investments, Inc.*	91,593
			27,049,491
	Energy – 12.2%
	25,146	Alon USA Energy, Inc.	479,031
	47,903	Chevron Corp.	5,691,835
	83,733	ConocoPhillips	5,032,353
	11,910	CVR Energy, Inc.	614,794
	3,053	Delek US Holdings, Inc.	120,471
	6,150	Exterran Holdings, Inc.*	166,050
	165,175	Exxon Mobil Corp.	14,883,919
	40,501	Green Plains Renewable Energy, Inc.*	463,331
	48,772	Hess Corp.	3,492,563
	44,395	HollyFrontier Corp.	2,284,123
	44,514	Marathon Petroleum Corp.	3,988,454
	2,426	Occidental Petroleum Corp.	190,126
	15,538	Phillips 66	1,087,194
	43,730	Valero Energy Corp.	1,989,278
	93,102	Western Refining, Inc.	3,296,742
			43,780,264
	Food & Staples Retailing – 1.2%
	48,060	CVS Caremark Corp.	2,642,819
	14,422	The Pantry, Inc.*	179,842
	18,337	Wal-Mart Stores, Inc.	1,372,158
			4,194,819

GOLDMAN SACHS STRUCTURED TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Food, Beverage & Tobacco – 4.6%
	67,825	Archer-Daniels-Midland Co.	$    2,287,737
	42,915	Bunge Ltd.	3,168,414
	19,613	Fresh Del Monte Produce, Inc.	529,159
	19,866	Lancaster Colony Corp.	1,529,682
	9,880	Philip Morris International, Inc.	915,975
	344,009	Pilgrim’s Pride Corp.*	3,161,443
	47,740	Sanderson Farms, Inc.	2,607,559
	18,505	The Hershey Co.	1,619,742
	4,145	Tyson Foods, Inc. Class A	102,879
	12,346	Universal Corp.(a)	691,870
			16,614,460
	Health Care Equipment & Services – 2.5%
	57,385	Abbott Laboratories	2,026,838
	13,228	Baxter International, Inc.	960,882
	12,250	Becton, Dickinson and Co.	1,171,223
	179,530	Boston Scientific Corp.*	1,402,129
	4,556	Cyberonics, Inc.*	213,266
	12,323	Cynosure, Inc. Class A*	322,493
	11,219	Humana, Inc.	775,345
	29,477	Medtronic, Inc.	1,384,240
	100,323	Skilled Healthcare Group, Inc. Class A*	659,122
			8,915,538
	Household & Personal Products – 0.8%
	20,503	Kimberly-Clark Corp.	2,008,884
	12,514	The Female Health Co.	90,601
	8,185	The Procter & Gamble Co.	630,736
			2,730,221
	Insurance – 3.4%
	58,457	Berkshire Hathaway, Inc. Class B*	6,091,220
	17,026	Marsh & McLennan Companies, Inc.	646,477
	12,012	MetLife, Inc.	456,696
	78,826	Prudential Financial, Inc.	4,649,946
	10,305	Unum Group	291,116
			12,135,455
	Materials – 2.5%
	7,658	A. Schulman, Inc.	241,687
	2,551	AEP Industries, Inc.*	183,187
	3,356	Bemis Co., Inc.	135,448
	6,019	Freeport-McMoRan Copper & Gold, Inc.	199,229
	6,191	Kronos Worldwide, Inc.(a)	96,889
	88,924	LyondellBasell Industries NV Class A	5,628,000
	7,310	Metals USA Holdings Corp.	150,952
	36,414	OMNOVA Solutions, Inc.*	279,295
	3,501	PPG Industries, Inc.	468,924
	72,926	Resolute Forest Products*(a)	1,179,943
	3,008	Royal Gold, Inc.	213,658
			8,777,212
	Media – 2.6%
	16,399	Cinemark Holdings, Inc.	482,786
	74,301	DIRECTV*	4,206,180
	14,898	Regal Entertainment Group Class A(a)	248,350

Shares		Description	Value
	Common Stocks – (continued)
	Media – (continued)
	10,026	Shutterstock, Inc.*	$        450,969
	62,130	Viacom, Inc. Class B	3,825,344
			9,213,629
	Pharmaceuticals, Biotechnology & Life Sciences – 12.8%
	77,032	AbbVie, Inc.	3,141,365
	15,418	Alexion Pharmaceuticals, Inc.*	1,420,614
	19,843	Amgen, Inc.	2,034,106
	16,914	Biogen Idec, Inc.*	3,262,880
	48,696	Cambrex Corp.*	622,822
	6,815	Celgene Corp.*	789,927
	8,785	Forest Laboratories, Inc.*	334,181
	8,509	Genomic Health, Inc.*	240,635
	127,989	Johnson & Johnson	10,434,943
	20,007	Life Technologies Corp.*	1,293,052
	126,887	Merck & Co., Inc.	5,612,212
	30,681	Momenta Pharmaceuticals, Inc.*	409,285
	456,668	PDL BioPharma, Inc.(a)	3,338,243
	279,552	Pfizer, Inc.	8,067,871
	16,654	Pharmacyclics, Inc.*	1,339,148
	14,856	Questcor Pharmaceuticals, Inc.(a)	483,414
	6,353	Santarus, Inc.*	110,097
	31,212	Vertex Pharmaceuticals, Inc.*	1,716,036
	98,272	Warner Chilcott PLC Class A	1,331,586
			45,982,417
	Real Estate – 5.0%
	54,668	American Tower Corp. (REIT)	4,205,063
	12,531	Corrections Corp. of America (REIT)	489,586
	32,451	Equity Residential (REIT)	1,786,752
	28,074	Extra Space Storage, Inc. (REIT)	1,102,466
	21,071	Health Care REIT, Inc. (REIT)	1,430,932
	773	Jones Lang LaSalle, Inc.	76,844
	41,632	Rayonier, Inc. (REIT)	2,484,181
	16,421	Simon Property Group, Inc. (REIT)	2,603,714
	3,484	Taubman Centers, Inc. (REIT)	270,573
	62,874	Zillow, Inc. Class A*(a)	3,437,322
			17,887,433
	Retailing – 5.0%
	7,053	Amazon.com, Inc.*	1,879,554
	3,459	AutoZone, Inc.*	1,372,427
	57,272	GameStop Corp. Class A(a)	1,601,898
	23,164	Group 1 Automotive, Inc.	1,391,461
	178,063	Liberty Interactive Corp. Class A*	3,806,987
	5,167	Lumber Liquidators Holdings, Inc.*	362,827
	30,561	O’Reilly Automotive, Inc.*	3,134,031
	3,470	Penske Automotive Group, Inc.	115,759
	6,174	Priceline.com, Inc.*	4,247,280
	2,503	TripAdvisor, Inc.*	131,458
			18,043,682
	Semiconductors & Semiconductor Equipment – 1.1%
	33,627	Advanced Energy Industries, Inc.*	615,374
	61,700	Broadcom Corp. Class A	2,139,139

GOLDMAN SACHS STRUCTURED TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Semiconductors & Semiconductor Equipment – (continued)
	30,252	Intel Corp.	$        661,006
	2,482	PLX Technology, Inc.*	11,318
	33,085	STR Holdings, Inc.*	71,795
	38,872	SunPower Corp.*	448,583
			3,947,215
	Software & Services – 7.4%
	89,703	Activision Blizzard, Inc.	1,306,997
	25,773	Aspen Technology, Inc.*	832,210
	11,556	CoreLogic, Inc.*	298,838
	31,421	eBay, Inc.*	1,703,647
	3,803	Euronet Worldwide, Inc.*	100,171
	3,687	Google, Inc. Class A*	2,927,589
	7,365	IAC/InterActiveCorp	329,068
	39,475	International Business Machines Corp.	8,420,017
	6,061	Lender Processing Services, Inc.	154,313
	2,554	ManTech International Corp. Class A	68,626
	8,885	Mastercard, Inc. Class A	4,807,940
	36,898	Mentor Graphics Corp.	666,009
	81,304	Microsoft Corp.(b)	2,326,107
	8,869	Sapient Corp.*	108,113
	8,823	ServiceSource International, Inc.*	62,379
	7,659	TeleTech Holdings, Inc.*	162,447
	14,390	Travelzoo, Inc.*	307,514
	15,005	VASCO Data Security International, Inc.*	126,642
	32,413	VeriSign, Inc.*	1,532,487
	6,244	VistaPrint NV*	241,393
	38,363	Vringo, Inc.*	121,611
			26,604,118
	Technology Hardware & Equipment – 5.7%
	21,473	Apple, Inc.	9,504,594
	23,621	Arris Group, Inc.*	405,573
	125,196	Ciena Corp.*	2,004,388
	155,114	Corning, Inc.	2,067,670
	36,990	Daktronics, Inc.	388,395
	24,038	EchoStar Corp. Class A*	936,761
	35,768	Hewlett-Packard Co.	852,749
	2,260	InterDigital, Inc.	108,096
	58,084	QUALCOMM, Inc.	3,888,671
	23,631	Xyratex Ltd.	233,947
			20,390,844
	Telecommunication Services – 1.4%
	121,235	AT&T, Inc.(b)	4,448,079
	11,270	Verizon Communications, Inc.	553,921
			5,002,000
	Transportation – 3.6%
	14,103	Allegiant Travel Co.	1,252,064
	11,928	Arkansas Best Corp.	139,319
	15,629	CSX Corp.	384,942
	4,851	Delta Air Lines, Inc.*	80,090
	1,068	FedEx Corp.	104,878
	67,787	Heartland Express, Inc.	904,279
	51,198	Hertz Global Holdings, Inc.*	1,139,668
	4,878	Norfolk Southern Corp.	375,996

Shares		Description	Value
	Common Stocks – (continued)
	Transportation – (continued)
	8,840	Republic Airways Holdings, Inc.*	$        102,014
	3,830	Saia, Inc.*	138,531
	73,949	SkyWest, Inc.	1,186,881
	30,565	Spirit Airlines, Inc.*	775,128
	159,879	U.S. Airways Group, Inc.*(a)	2,713,147
	9,688	Union Pacific Corp.	1,379,668
	16,477	United Parcel Service, Inc. Class B	1,415,374
	36,159	Werner Enterprises, Inc.	872,878
			12,964,857
	Utilities – 2.2%
	9,873	American Water Works Co., Inc.	409,137
	6,662	Consolidated Edison, Inc.	406,582
	150,471	Dynegy, Inc.*(a)	3,609,799
	6,584	Entergy Corp.	416,372
	18,272	Pinnacle West Capital Corp.	1,057,766
	4,958	TECO Energy, Inc.	88,352
	41,865	The Southern Co.	1,964,306
			7,952,314
	TOTAL INVESTMENTS BEFORE SECURITIES LENDING REINVESTMENT VEHICLE		$349,248,107
Shares		Rate	Value
	Securities Lending Reinvestment Vehicle(c)(d) – 7.5%
	Goldman Sachs Financial Square Money Market Fund – FST Shares
	26,757,154	0.105%	$  26,757,154
	TOTAL INVESTMENTS – 104.9%		$376,005,261
	LIABILITIES IN EXCESS OF     OTHER ASSETS – (4.9)%		(17,637,150)
	NET ASSETS – 100.0%		$358,368,111

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)	All or a portion of security is segregated as collateral for initial margin requirements on futures transactions.
(c)	Variable rate security. Interest rate disclosed is that which is in effect at March 31, 2013.
(d)	Represents an affiliated issuer.

Investment Abbreviation:
REIT	— Real Estate Investment Trust

For information on the mutual funds, please call our toll-free Shareholder Services Line at
1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com.

GOLDMAN SACHS STRUCTURED TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At March 31, 2013, the Fund had the following futures contracts:

Type	Number of Contracts Long (Short)	Expiration Date	Current Value		Unrealized Gain (Loss)
Russell 2000 Mini Index	8	June 2013	$	759,120	$	6,367
S&P 500 E-mini Index	102	June 2013		7,969,770		66,122
TOTAL					$	72,489

TAX INFORMATION — At March 31, 2013, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

Tax cost	$	340,583,759
Gross unrealized gain		37,213,099
Gross unrealized loss		(1,791,597	)
Net unrealized security gain	$	35,421,502

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semi-Annual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY FUND

Schedule of Investments

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – 97.1%
	Australia – 9.2%
	81,686	Adelaide Brighton Ltd. (Materials)	$       302,181
	351,566	Arrium Ltd. (Materials)	321,548
	60,230	Australia & New Zealand Banking Group Ltd. (Banks)	1,796,320
	75,402	AWE Ltd. (Energy) *	102,244
	5,324	BC Iron Ltd. (Materials)	18,060
	28,584	BHP Billiton Ltd. (Materials)	977,148
	30,957	BlueScope Steel Ltd. (Materials) *	162,538
	5,391	Caltex Australia Ltd. (Energy)	120,382
	40,590	Charter Hall Group (REIT)	162,275
	71,666	Coca-Cola Amatil Ltd. (Food, Beverage & Tobacco)	1,089,734
	508	Cochlear Ltd. (Health Care Equipment & Services)	36,088
	1,263	Commonwealth Bank of Australia (Banks)	89,741
	243,465	Commonwealth Property Office Fund (REIT)	281,812
	518	CSL Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	32,018
	17,845	CSR Ltd. (Capital Goods)	38,397
	78,695	DuluxGroup Ltd. (Materials)	365,692
	141,173	GPT Group (REIT)	546,345
	51,811	Insurance Australia Group Ltd. (Insurance)	309,087
	2,435	McMillan Shakespeare Ltd. (Commercial & Professional Services)	37,334
	38,244	National Australia Bank Ltd. (Banks)	1,233,987
	88,192	NIB Holdings Ltd. (Insurance)	208,434
	16,592	Origin Energy Ltd. (Energy)	230,919
	14,538	Ramsay Health Care Ltd. (Health Care Equipment & Services)	489,324
	10,324	RCR Tomlinson Ltd. (Capital Goods)	22,895
	4,115	Rio Tinto Ltd. (Materials)	246,827
	43,926	Skilled Group Ltd. (Commercial & Professional Services)	163,421
	33,746	Sonic Healthcare Ltd. (Health Care Equipment & Services)	491,032
	42,378	Tatts Group Ltd. (Consumer Services)	140,145
	43,518	Treasury Wine Estates Ltd. (Food, Beverage & Tobacco)	258,700
	93,519	Westpac Banking Corp. (Banks)	3,009,594
	11,795	Woodside Petroleum Ltd. (Energy)	442,090
	10,641	Woolworths Ltd. (Food & Staples Retailing)	375,667
			14,101,979
	Austria – 0.1%
	7,161	Erste Group Bank AG (Banks) *	200,393
	Belgium – 1.0%
	7,371	Anheuser-Busch InBev NV (Food, Beverage & Tobacco)	732,806

Shares		Description	Value
	Common Stocks – (continued)
	Belgium – (continued)
	7,091	Delhaize Group SA (Food & Staples Retailing)	$       387,094
	11,601	KBC Groep NV (Banks)	402,255
			1,522,155
	Bermuda – 0.3%
	29,270	Catlin Group Ltd. (Insurance)	232,300
	26,389	Hiscox Ltd. (Insurance)	221,105
			453,405
	Denmark – 0.8%
	442	Carlsberg A/S Class B (Food, Beverage & Tobacco)	43,092
	11,475	Chr. Hansen Holding A/S (Materials)	426,182
	9,877	GN Store Nord A/S (Health Care Equipment & Services) (a)	175,885
	3,204	Novo Nordisk A/S Class B (Pharmaceuticals, Biotechnology & Life Sciences)	516,427
			1,161,586
	Finland – 0.7%
	5,864	Cramo Oyj (Capital Goods)	72,878
	18,535	Metso Oyj (Capital Goods) *	791,961
	15,663	Ramirent Oyj (Capital Goods)	148,537
			1,013,376
	France – 10.1%
	31,037	BNP Paribas SA (Banks)	1,595,847
	4,590	Compagnie de Saint-Gobain (Capital Goods)	170,443
	14,158	Compagnie Generale des Etablissements Michelin Class B (Automobiles & Components)	1,186,167
	10,557	Danone SA (Food, Beverage & Tobacco)	735,071
	3,711	Fonciere Des Regions (REIT)	290,827
	3,407	Hermes International (Consumer Durables & Apparel) (a)	1,183,440
	60,073	Legrand SA (Capital Goods)	2,620,840
	13,214	Maurel & Prom Nigeria SA (Energy) *	54,420
	20,614	Natixis (Banks)	78,423
	32,055	Sanofi (Pharmaceuticals, Biotechnology & Life Sciences)	3,269,140
	5,699	Schneider Electric SA (Capital Goods)	416,756
	29,981	Total SA (Energy)	1,435,907
	1,768	Valeo SA (Automobiles & Components)	95,797
	51,432	Vinci SA (Capital Goods)	2,321,525
			15,454,603
	Germany – 6.0%
	6,330	Allianz SE (Registered) (Insurance)	862,920
	10,151	Axel Springer AG (Media) (a)	441,017
	28,622	BASF SE (Materials)	2,513,084
	15,296	Bayer AG (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)	1,580,780

GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Germany – (continued)
	8,158	Continental AG (Automobiles & Components)	$       977,819
	2,599	Daimler AG (Registered) (Automobiles & Components)	141,742
	6,946	Deutsche Bank AG (Registered) (Diversified Financials)	271,563
	18,550	Deutsche Boerse AG (Diversified Financials)	1,125,297
	14,755	Deutsche Telekom AG (Registered) (Telecommunication Services)	156,201
	706	Henkel AG & Co. KGaA (Household & Personal Products)	55,803
	13,635	SAP AG (Software & Services)	1,096,625
			9,222,851
	Hong Kong – 3.1%
	198,200	AIA Group Ltd. (Insurance)	871,431
	86,500	BOC Hong Kong Holdings Ltd. (Banks)	289,310
	182,000	Champion REIT (REIT)	94,603
	4,000	Cheung Kong Holdings Ltd. (Real Estate)	59,257
	72,000	CLP Holdings Ltd. (Utilities)	631,179
	2,000	Dah Sing Financial Holdings Ltd. (Banks)	10,500
	8,182	Esprit Holdings Ltd. (Retailing)	9,884
	38,000	First Pacific Co. Ltd. (Diversified Financials)	51,511
	3,000	Guoco Group Ltd. (Diversified Financials)	36,690
	19,600	Hang Seng Bank Ltd. (Banks)	314,921
	26,000	Hutchison Port Holdings Trust Class U (Transportation)	22,184
	31,000	Hutchison Whampoa Ltd. (Capital Goods)	324,110
	1,200	Jardine Matheson Holdings Ltd. (Capital Goods)	78,247
	28,000	Le Saunda Holdings Ltd. (Consumer Durables & Apparel)	8,836
	116,800	MGM China Holdings Ltd. (Consumer Services)	250,449
	4,000	MTR Corp. Ltd. (Transportation)	15,919
	26,798	Noble Group Ltd. (Capital Goods)	26,403
	25,000	Road King Infrastructure Ltd. (Transportation)	23,650
	118,000	SJM Holdings Ltd. (Consumer Services)	295,390
	35,500	Swire Pacific Ltd. Class A (Real Estate)	453,502
	10,000	TAI Cheung Holdings (Real Estate)	7,992
	24,000	The Wharf Holdings Ltd. (Real Estate)	214,636
	96,000	Wheelock & Co. Ltd. (Real Estate)	512,580
	76,400	Wynn Macau Ltd. (Consumer Services) *	203,561
			4,806,745

Shares		Description	Value
	Common Stocks – (continued)
	Israel – 0.5%
	10,970	Bank Hapoalim B.M. (Banks) *	$         49,837
	8,970	Bank Leumi Le-Israel BM (Banks) *	31,722
	9,311	Bezeq Israeli Telecommunication Corp. Ltd. (Telecommunication Services)	12,923
	43	Delek Group Ltd. (Energy)	12,115
	4,451	Israel Chemicals Ltd. (Materials)	57,677
	8,193	Mizrahi Tefahot Bank Ltd. (Banks) *	87,530
	839	NICE Systems Ltd. ADR (Software & Services) *	30,900
	11,617	Teva Pharmaceutical Industries Ltd. ADR (Pharmaceuticals, Biotechnology & Life Sciences)	460,963
	91	The Israel Corp. Ltd. (Materials)	69,197
			812,864
	Italy – 2.2%
	6,149	ASTM SpA (Transportation)	71,945
	9,350	De’Longhi SpA (Consumer Durables & Apparel)	147,403
	193,769	Enel SpA (Utilities)	635,355
	1,626	Exor SpA (Diversified Financials)	45,576
	137,672	Impregilo SpA (Capital Goods) (a)	707,152
	501,746	Intesa Sanpaolo SpA (Banks)	730,646
	18,973	Lottomatica Group SpA (Consumer Services)	446,754
	4,828	Societa Iniziative Autostradali e Servizi SpA (Transportation)	45,298
	135,322	UniCredit SpA (Banks) *	580,862
			3,410,991
	Japan – 20.7%
	198	Accordia Golf Co. Ltd. (Consumer Services)	192,458
	16,700	AEON Financial Service Co. Ltd. (Diversified Financials)	473,722
	4,400	Agrex, Inc. (Software & Services)	41,554
	2,800	Aisin Seiki Co. Ltd. (Automobiles & Components)	103,212
	9,000	Ajinomoto Co., Inc. (Food, Beverage & Tobacco)	132,334
	3,400	Alfresa Holdings Corp. (Health Care Equipment & Services)	185,131
	21,000	Amada Co. Ltd. (Capital Goods)	139,679
	253,000	Aozora Bank Ltd. (Banks)	715,537
	21,000	Asahi Glass Co. Ltd. (Capital Goods)	146,273
	3,500	Asahi Group Holdings Ltd. (Food, Beverage & Tobacco)	83,694
	7,100	Asahi Holdings, Inc. (Materials)	152,934
	6,300	Astellas Pharma, Inc. (Pharmaceuticals, Biotechnology & Life Sciences)	339,991
	8,000	Bando Chemical Industries Ltd. (Capital Goods)	25,521

GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Japan – (continued)
	3,800	Central Japan Railway Co. (Transportation)	$       401,520
	13,000	Chino Corp. (Technology Hardware & Equipment)	30,746
	2,400	Chubu Electric Power Co., Inc. (Utilities)	29,230
	21,900	Credit Saison Co. Ltd. (Diversified Financials)	547,909
	62,000	Daihatsu Motor Co. Ltd. (Automobiles & Components)	1,290,163
	33,300	Daiichi Sankyo Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	642,782
	41,000	Daiwa Securities Group, Inc. (Diversified Financials)	290,635
	9,000	Denki Kagaku Kogyo KK (Materials)	32,537
	9,900	Eisai Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	443,549
	4,000	Electric Power Development Co. Ltd. (Utilities)	101,800
	24,000	Fuji Heavy Industries Ltd. (Automobiles & Components)	380,687
	617	Fuji Media Holdings, Inc. (Media)	1,072,717
	11,900	FUJIFILM Holdings Corp. (Technology Hardware & Equipment)	236,051
	315,000	Fujitsu Ltd. (Technology Hardware & Equipment)	1,315,928
	3,100	Happinet Corp. (Retailing)	25,861
	14,400	Heiwa Real Estate Co. Ltd. (Real Estate)	286,592
	1,400	HIS Co. Ltd. (Consumer Services)	60,647
	10,000	Hisaka Works Ltd. (Capital Goods)	95,182
	1,500	Hitachi Capital Corp. (Diversified Financials)	32,930
	68,000	Hitachi Ltd. (Technology Hardware & Equipment)	396,985
	27,000	Hokkaido Gas Co. Ltd. (Utilities)	72,381
	8,500	Hokuriku Electric Power Co. (Utilities)	105,022
	16,100	Honda Motor Co. Ltd. (Automobiles & Components)	620,019
	2,000	Idemitsu Kosan Co. Ltd. (Energy)	174,481
	11,000	IHI Corp. (Capital Goods)	33,492
	2,700	Information Services International-Dentsu Ltd. (Software & Services)	28,218
	61	Inpex Corp. (Energy)	328,533
	227,000	Isuzu Motors Ltd. (Automobiles & Components)	1,375,732
	16,800	Japan Airlines Co. Ltd. (Transportation)	783,670
	9,200	Japan Digital Laboratory Co. Ltd. (Technology Hardware & Equipment)	115,313
	5,700	JTEKT Corp. (Capital Goods)	53,987

Shares		Description	Value
	Common Stocks – (continued)
	Japan – (continued)
	165,000	Kawasaki Kisen Kaisha Ltd. (Transportation)	$       353,323
	6,000	KDDI Corp. (Telecommunication Services)	250,871
	59,000	Kirin Holdings Co. Ltd. (Food, Beverage & Tobacco)	948,626
	3,000	Kirindo Co. Ltd. (Food & Staples Retailing)	22,201
	20,000	Konica Minolta Holdings, Inc. (Technology Hardware & Equipment)	146,665
	3,500	Kosaido Co. Ltd. (Commercial & Professional Services) *	14,717
	1,500	KRS Corp. (Transportation)	15,308
	17,800	Kyokuto Securities Co. Ltd. (Diversified Financials)	294,315
	10,000	Kyowa Hakko Kirin Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	113,374
	1,000	Maruichi Steel Tube Ltd. (Materials)	23,334
	4,700	Meiwa Estate Co. Ltd. (Consumer Durables & Apparel)	29,719
	12,000	Mito Securities Co. Ltd. (Diversified Financials)	71,135
	99,500	Mitsubishi Chemical Holdings Corp. (Materials)	474,266
	36,100	Mitsubishi Corp. (Capital Goods)	679,902
	16,000	Mitsubishi Materials Corp. (Materials)	45,291
	279,600	Mitsubishi UFJ Financial Group, Inc. (Banks)	1,686,893
	2,500	Mitsui & Co. Ltd. (Capital Goods)	35,245
	33,000	Mitsui Engineering & Shipbuilding Co. Ltd. (Capital Goods)	60,068
	205,100	Mizuho Financial Group, Inc. (Banks)	440,104
	14,400	Namco Bandai Holdings, Inc. (Consumer Durables & Apparel)	254,728
	5,600	Nihon Eslead Corp. (Consumer Durables & Apparel)	66,653
	2,600	Nippon Fine Chemical Co. Ltd. (Materials)	17,725
	123,800	Nippon Suisan Kaisha Ltd. (Food, Beverage & Tobacco)	240,075
	7,700	Nippon Telegraph & Telephone Corp. (Telecommunication Services)	336,179
	4,000	Nippon Thompson Co. Ltd. (Capital Goods)	20,417
	2,500	Noevir Holdings Co. Ltd. (Household & Personal Products)	42,652
	64,600	Nomura Holdings, Inc. (Diversified Financials)	401,666
	7,400	Nomura Real Estate Holdings, Inc. (Real Estate)	166,082
	49	Nomura Real Estate Office Fund, Inc. (REIT)	361,150

GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Japan – (continued)
	153	NTT DoCoMo, Inc. (Telecommunication Services)	$       227,445
	35	NTT Urban Development Corp. (Real Estate)	42,192
	32,000	Oenon Holdings, Inc. (Food, Beverage & Tobacco)	83,858
	25,000	OKK Corp. (Capital Goods)	40,850
	43,200	Otsuka Holdings Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)	1,499,448
	6,000	Ricoh Co. Ltd. (Technology Hardware & Equipment)	65,505
	6,200	Riken Keiki Co. Ltd. (Technology Hardware & Equipment)	43,653
	71,900	Round One Corp. (Consumer Services)	531,806
	4,000	Ryoden Trading Co. Ltd. (Technology Hardware & Equipment)	26,136
	25,000	Sasebo Heavy Industries Co. Ltd. (Capital Goods) *	31,249
	3,600	Satori Electric Co. Ltd. (Technology Hardware & Equipment)	19,576
	19,000	Sekisui Chemical Co. Ltd. (Consumer Durables & Apparel)	209,917
	6,800	Shiseido Co. Ltd. (Household & Personal Products)	95,332
	7,900	Showa Corp. (Automobiles & Components)	84,905
	11,800	Softbank Corp. (Telecommunication Services)	543,647
	2,500	Step Co. Ltd. (Consumer Services)	20,051
	100,900	Sumitomo Corp. (Capital Goods)	1,276,199
	68,500	Sumitomo Electric Industries Ltd. (Capital Goods)	842,829
	16,700	Sumitomo Mitsui Financial Group, Inc. (Banks)	685,115
	202,000	Sumitomo Mitsui Trust Holdings, Inc. (Banks)	961,889
	21,900	T&D Holdings, Inc. (Insurance)	262,296
	3,200	Taikisha Ltd. (Capital Goods)	71,901
	10,000	Tanseisha Co. Ltd. (Commercial & Professional Services)	39,149
	10,000	The Chugoku Electric Power Co., Inc. (Utilities)	130,674
	28,000	The Nishi-Nippon City Bank Ltd. (Banks)	86,719
	16,700	Tohoku Electric Power Co., Inc. (Utilities) *	133,201
	18,000	Tokyo Tatemono Co. Ltd. (Real Estate)	128,677
	4,000	Tokyu Land Corp. (Real Estate)	37,745
	3,000	Topre Corp. (Automobiles & Components)	30,972
	11,000	Toshiba Machine Co. Ltd. (Capital Goods)	54,333

Shares		Description	Value
	Common Stocks – (continued)
	Japan – (continued)
	4,000	Toshiba TEC Corp. (Technology Hardware & Equipment)	$         23,741
	2,100	Toukei Computer Co. Ltd. (Software & Services)	29,826
	26,800	Toyota Motor Corp. (Automobiles & Components)	1,381,963
	9,800	Tv Tokyo Holdings Corp. (Media)	114,873
	3,600	Vital KSK Holdings, Inc. (Health Care Equipment & Services)	34,831
	4,100	Watabe Wedding Corp. (Consumer Services)	32,917
	2,500	West Japan Railway Co. (Transportation)	120,276
	12,000	Wood One Co. Ltd. (Materials)	41,095
			31,836,814
	Luxembourg – 1.8%
	86,197	SES FDR (Media)	2,703,448
	Netherlands – 4.3%
	2,789	Heineken NV (Food, Beverage & Tobacco)	210,364
	127,308	ING Groep NV CVA (Diversified Financials) *	916,036
	97,863	Koninklijke Ahold NV (Food & Staples Retailing)	1,500,268
	54,747	Royal Dutch Shell PLC Class A (Energy)	1,773,190
	39,525	Royal Dutch Shell PLC Class B (Energy)	1,314,407
	22,769	Unilever NV CVA (Food, Beverage & Tobacco)	932,927
			6,647,192
	Norway – 2.8%
	13,288	DNB ASA (Banks)	195,562
	47,005	Gjensidige Forsikring ASA (Insurance)	777,817
	15,073	Petroleum Geo-Services ASA (Energy)	233,805
	76,428	Statoil ASA (Energy)	1,865,831
	38,026	Telenor ASA (Telecommunication Services)	837,260
	7,051	Yara International ASA (Materials)	321,870
			4,232,145
	Singapore – 1.7%
	105,000	Ausgroup Ltd. (Capital Goods)	45,915
	67,000	CapitaCommercial Trust (REIT)	85,811
	122,000	Cityspring Infrastructure Trust (Utilities)	45,789
	18,000	ComfortDelGro Corp. Ltd. (Transportation)	27,775
	57,596	DBS Group Holdings Ltd. (Banks)	745,455
	88,000	Fortune Real Estate Investment Trust (REIT)	78,398
	1,000	Fraser and Neave Ltd. (Capital Goods)	7,611

GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Singapore – (continued)
	10,000	Genting Singapore PLC (Consumer Services)	$         12,099
	13,000	GuocoLeisure Ltd. (Consumer Services)	9,249
	10,000	Guthrie GTS Ltd. (Capital Goods)	6,190
	6,000	Ho Bee Investment Ltd. (Real Estate)	9,356
	3,000	Jardine Cycle & Carriage Ltd. (Retailing)	124,056
	14,000	Keppel Corp. Ltd. (Capital Goods)	126,821
	19,000	Keppel REIT (REIT)	20,865
	13,000	Olam International Ltd. (Food & Staples Retailing)	18,098
	5,000	Oversea-Chinese Banking Corp. Ltd. (Banks)	43,073
	2,000	Overseas Union Enterprise Ltd. (Consumer Services)	4,962
	16,000	Singapore Airlines Ltd. (Transportation)	140,547
	134,000	Singapore Telecommunications Ltd. (Telecommunication Services)	388,518
	18,000	Stamford Land Corp. Ltd. (Consumer Services)	8,285
	24,000	Suntec Real Estate Investment Trust (REIT)	34,872
	14,000	Tat Hong Holdings Ltd. (Capital Goods)	17,248
	10,000	United Overseas Bank Ltd. (Banks)	164,860
	74,000	UOL Group Ltd. (Real Estate)	417,874
	21,000	Wilmar International Ltd. (Food, Beverage & Tobacco)	58,712
			2,642,439
	Spain – 3.0%
	2,482	ACS Actividades de Construccion y Servicios SA (Capital Goods)	58,153
	89,214	Amadeus IT Holding SA Class A (Software & Services)	2,418,417
	172,690	Banco Santander SA (Banks)	1,169,911
	5,591	Endesa SA (Utilities)	118,215
	23,745	Mediaset Espana Comunicacion SA (Media)	171,342
	15,840	Repsol SA (Energy)	321,806
	8,184	Telefonica SA (Telecommunication Services)	110,882
	15,670	Vueling Airlines SA (Transportation) *	185,238
			4,553,964
	Sweden – 2.7%
	4,173	B&B Tools AB Class B (Capital Goods)	54,353
	17,258	Hennes & Mauritz AB Class B (Retailing)	618,080
	2,733	Investor AB Class A (Diversified Financials)	77,518

Shares		Description	Value
	Common Stocks – (continued)
	Sweden – (continued)
	5,725	Kinnevik Investment AB Class B (Diversified Financials)	$       138,979
	216,928	Nordea Bank AB (Banks)	2,460,986
	3,303	Oresund Investment AB (Diversified Financials) *	53,078
	104,580	SAS AB (Transportation) *	217,755
	2,974	Scania AB Class B (Capital Goods)	62,395
	330	SkiStar AB (Consumer Services)	3,925
	18,969	Swedbank AB Class A (Banks) (a)	432,197
			4,119,266
	Switzerland – 6.7%
	10,346	Actelion Ltd. (Registered) (Pharmaceuticals, Biotechnology & Life Sciences) *	562,571
	565	Forbo Holding AG (Registered) (Consumer Durables & Apparel) *	369,537
	5,140	Geberit AG (Registered) (Capital Goods) *	1,267,391
	24	Lindt & Spruengli AG (Registered) (Food, Beverage & Tobacco) *	1,083,072
	16,615	Nestle SA (Registered) (Food, Beverage & Tobacco)	1,202,504
	14,028	Novartis AG (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)	999,803
	113,555	OC Oerlikon Corp. AG (Registered) (Capital Goods) *	1,349,289
	545	Partners Group Holding AG (Diversified Financials)	134,593
	7,944	Roche Holding AG (Pharmaceuticals, Biotechnology & Life Sciences)	1,853,979
	18,380	Swiss Re AG (Insurance) *	1,496,905
			10,319,644
	United Kingdom – 19.4%
	16,828	Aberdeen Asset Management PLC (Diversified Financials)	109,971
	6,047	Admiral Group PLC (Insurance)	122,695
	52,025	AMEC PLC (Energy)	836,050
	18,380	AstraZeneca PLC (Pharmaceuticals, Biotechnology & Life Sciences)	921,954
	8,648	Aviva PLC (Insurance)	39,201
	318,362	Barclays PLC (Banks)	1,416,477
	37,389	BHP Billiton PLC (Materials)	1,088,832
	9,846	Bodycote PLC (Capital Goods)	80,497
	7,361	BP PLC ADR (Energy)	311,738
	51,015	British American Tobacco PLC (Food, Beverage & Tobacco)	2,735,554
	14,564	Cobham PLC (Capital Goods)	53,937
	19,939	Diageo PLC (Food, Beverage & Tobacco)	628,289
	83,896	easyJet PLC (Transportation)	1,380,392

GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	United Kingdom – (continued)
	10,066	GKN PLC (Automobiles & Components)	$         40,564
	61,579	GlaxoSmithKline PLC ADR (Pharmaceuticals, Biotechnology & Life Sciences) (b)	2,888,671
	37,773	Hammerson PLC (REIT)	283,135
	29,335	Hansteen Holdings PLC (REIT)	38,484
	214,985	HSBC Holdings PLC (Banks)	2,293,800
	5,923	IG Group Holdings PLC (Diversified Financials)	48,171
	30,387	IMI PLC (Capital Goods)	599,858
	65,859	Intermediate Capital Group PLC (Diversified Financials)	424,888
	269,189	Ladbrokes PLC (Consumer Services)	924,404
	7,482	Lancashire Holdings Ltd. (Insurance)	92,449
	3,221	Land Securities Group PLC (REIT)	40,660
	93,620	Lavendon Group PLC (Capital Goods)	255,258
	70,768	Mondi PLC (Materials)	963,733
	35,719	National Grid PLC (Utilities)	415,046
	9,667	Next PLC (Retailing)	642,240
	14,438	Petrofac Ltd. (Energy)	315,176
	90,633	Rexam PLC (Materials)	727,780
	9,999	Rio Tinto PLC (Materials)	470,958
	91,560	Standard Chartered PLC (Banks)	2,377,457
	44,537	Tate & Lyle PLC (Food, Beverage & Tobacco)	575,470
	25,355	Tetragon Financial Group Ltd. (Diversified Financials)	277,130
	83,520	TUI Travel PLC (Consumer Services)	414,339
	11,831	Tullow Oil PLC (Energy)	221,474
	51,200	Unilever PLC (Food, Beverage & Tobacco)	2,165,614
	75,809	Vodafone Group PLC ADR (Telecommunication Services)	2,153,734
	71,945	William Hill PLC (Consumer Services)	404,872
			29,780,952
	TOTAL COMMON STOCKS		$148,996,812
	Investment Companies – 0.2%
	Australia – 0.0%
	8,391	Challenger Infrastructure Fund Class A	$              655
	Switzerland – 0.2%
	5,185	HBM Healthcare Investments AG Class A*	280,470
	United Kingdom – 0.0%
	22,366	F&C Commercial Property Trust Ltd.	35,207
	TOTAL INVESTMENT COMPANIES		$       316,332

Shares		Description	Value
	Preferred Stocks – 0.9%
	Germany – 0.9%
	13,177	Henkel AG & Co. KGaA Preference Shares (Household & Personal Products)	$     1,269,486
	4,580	ProSiebenSat.1 Media AG Preference Shares (Media)	163,939
	TOTAL PREFERRED STOCKS		$    1,433,425
	TOTAL INVESTMENTS BEFORE SECURITIES LENDING REINVESTMENT VEHICLE		$150,746,569
Shares		Rate	Value
	Securities Lending Reinvestment Vehicle(c)(d) – 2.6%
	Goldman Sachs Financial Square Money Market Fund – FST Shares
	4,003,236	0.105%	$    4,003,236
	TOTAL INVESTMENTS – 100.8%		$154,749,805
	LIABILITIES IN EXCESS OF     OTHER ASSETS – (0.8)%		(1,254,580)
	NET ASSETS – 100.0%		$153,495,225

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)	All or a portion of security is segregated as collateral for initial margin requirements on futures transactions.
(c)	Variable rate security. Interest rate disclosed is that which is in effect at March 31, 2013.
(d)	Represents an affiliated issuer.

Investment Abbreviations:
ADR	— American Depositary Receipt
CVA	— Dutch Certification
FDR	— Fiduciary Depositary Receipt
REIT	— Real Estate Investment Trust

For information on the mutual funds, please call our toll-free Shareholder Services Line at
1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com.

GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY FUND

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At March 31, 2013, the Fund had the following futures contracts:

Type	Number of Contracts Long (Short)	Expiration Date	Current Value		Unrealized Gain (Loss)
EURO STOXX 50 Index	55	June 2013	$	1,800,615	$	3,926
FTSE 100 Index	9	June 2013		868,502		3,929
SPI 200 Index	2	June 2013		258,570		(977	)
TSE TOPIX Index	7	June 2013		773,729		32,165
TOTAL					$	39,043

TAX INFORMATION — At March 31, 2013, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

Tax cost	$	139,680,770
Gross unrealized gain		17,260,664
Gross unrealized loss		(2,191,629	)
Net unrealized security gain	$	15,069,035

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semi-Annual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

GOLDMAN SACHS STRUCTURED TAX-ADVANTAGED EQUITY FUNDS

Schedule of Investments (continued)

March 31, 2013 (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 — The fair value of a financial instrument is 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). Accounting principles generally accepted in the United States of America (“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 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 Goldman Sachs Asset Management, L.P. (“GSAM”) assumptions in determining fair value measurement).

The Trustees have adopted Valuation Procedures that govern the valuation of the portfolio investments held by the Funds including investments for which market quotations are not readily available. The Trustees have delegated to GSAM day-to-day responsibility for implementing and maintaining internal controls and procedures related to the valuation of the Funds’ portfolio 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 and investment companies 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 no sale occurs, equity securities and exchange traded investment companies are valued at the last bid price for long positions and at the last ask price for short positions. Investments in investment companies (other than those that are exchange traded) are valued at the net asset value (“NAV”) on the valuation date. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy.

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. Securities traded on certain foreign securities exchanges are valued daily at fair value determined by an independent fair value service (if available) under Valuation Procedures approved by the Trustees and consistent with applicable regulatory guidance. The independent fair value service takes into account multiple factors including, but not limited to, movements in the securities markets, certain depositary receipts, futures contracts and foreign currency exchange rates that have occurred subsequent to the close of the foreign securities exchange. These investments are generally classified as Level 2 of the fair value hierarchy.

GOLDMAN SACHS STRUCTURED TAX-ADVANTAGED EQUITY FUNDS

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

Debt Securities — Debt securities for which market quotations are readily available are valued daily on the basis of quotations supplied by dealers or an independent pricing service approved by the Trustees. The pricing services may use valuation models or matrix pricing, which consider: (i) yield or price with respect to bonds that are considered comparable in characteristics such as rating, interest rate and maturity date or (ii) quotations from securities dealers to determine current value. Short-term debt obligations that mature in sixty days or less and that do not exhibit signs of credit deterioration are valued at amortized cost, which approximates fair value. With the exception of treasury securities, which are generally classified as Level 1, these investments are generally classified as Level 2 of the fair value hierarchy.

Derivative Contracts — A derivative is an instrument whose value is derived from underlying assets, indices, reference rates or a combination of these factors.

Exchange-traded derivatives, including futures contracts, typically fall within Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) 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 an OTC derivative 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 prepayment rates, loss severity rates and correlations of such inputs. For OTC derivatives that trade in liquid markets, model inputs can generally be verified and model selection does not involve significant management judgment. OTC derivatives are classified within Level 2 of the fair value hierarchy when significant inputs are corroborated by market evidence.

i. Futures Contracts — Futures contracts are contracts to buy or sell a standardized quantity of a specified commodity or security and are valued based on exchanged settlement prices or independent market quotes. Futures contracts are valued at the last settlement price, or in the absence of a sale, the last bid price for long positions and at the last ask price for short positions, at the end of each day on the board of trade or exchange upon which they are traded. 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 the 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.

ii. Options — When a Fund writes call or put options, an amount equal to the premium received is recorded as a liability and is subsequently marked-to-market to reflect the current value of the option written. Swaptions are options on interest rate swap contracts. Options on a futures contract may be written with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms.

Upon the purchase of a call option or a put option by a Fund, the premium paid is recorded as an investment and subsequently marked-to-market to reflect the current value of the option. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms.

B. Level 3 Fair Value Investments — To the extent that the aforementioned significant inputs 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 the Funds’ investments may be determined under Valuation Procedures approved by the Trustees.

GOLDMAN SACHS STRUCTURED TAX-ADVANTAGED EQUITY FUNDS

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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. Significant events which could affect a large number of securities in a particular market may include, but are not limited to: significant fluctuations in U.S. or foreign markets; market dislocations; market disruptions; or unscheduled market closings. Significant events which could also affect a single issuer may include, but are not limited to: corporate actions such as reorganizations, mergers and buy-outs; ratings downgrades; and bankruptcies.

C. Fair Value Hierarchy — The following is a summary of the Funds’ investments and derivatives classified in the fair value hierarchy as of March 31, 2013:

U.S. EQUITY DIVIDEND AND PREMIUM
Investment Type	Level 1			Level 2			Level 3
Assets
Common Stock and/or Other Equity Investments	$	1,198,098,181		$	—		$	—
Derivative Type
Assets(a)
Futures Contracts	$	30,830		$	—		$	—
Liabilities
Written Options	$	(10,150,650	)	$	—		$	—
INTERNATIONAL EQUITY DIVIDEND AND PREMIUM
Investment Type	Level 1			Level 2			Level 3
Assets
Common Stock and/or Other Equity Investments
North and South America	$	—		$	2,858,145		$	—
Other		19,021,678			373,397,420	(b)		—
Total	$	19,021,678		$	376,255,565		$	—
Derivative Type
Assets(a)
Futures Contracts	$	18,380		$	—		$	—
Liabilities
Futures Contracts(a)	$	(41,757	)	$	—		$	—
Written Options		(1,987,929	)		—			—
Total	$	(2,029,686	)	$	—		$	—
STRUCTURED TAX-MANAGED EQUITY
Investment Type	Level 1			Level 2			Level 3
Assets
Common Stock and/or Other Equity Investments	$	349,248,107		$	—		$	—
Securities Lending Reinvestment Vehicle		26,757,154			—			—
Total	$	376,005,261		$	—		$	—
Derivative Type
Assets(a)
Futures Contracts	$	72,489		$	—		$	—
STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY
Investment Type	Level 1			Level 2			Level 3
Assets
Common Stock and/or Other Equity Investments
North and South America	$	—		$	453,405		$	—
Other		5,846,006			144,447,158	(b)		—
Securities Lending Reinvestment Vehicle		4,003,236			—			—
Total	$	9,849,242		$	144,900,563		$	—
Derivative Type
Assets(a)
Futures Contracts	$	40,020		$	—		$	—
Liabilities(a)
Futures Contracts	$	(977	)	$	—		$	—

(a) Amount shown represents unrealized gain (loss) at period end.

(b) To adjust for the time difference between local market close and the calculation of net asset value, the Funds utilize fair value model prices for international equities provided by an independent fair value service resulting in a Level 2 classification.

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

GOLDMAN SACHS STRUCTURED TAX-ADVANTAGED EQUITY FUNDS

Schedule of Investments (continued)

March 31, 2013 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

Securities Lending — Pursuant to exemptive relief granted by the Securities and Exchange Commission (“SEC”) and the terms and conditions contained therein, the Funds may lend their securities through a securities lending agent, Goldman Sachs Agency Lending (“GSAL”), a wholly-owned subsidiary of Goldman Sachs, to certain qualified borrowers including Goldman Sachs and affiliates. 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.

The Funds invest the cash collateral received in connection with securities lending transactions in the Goldman Sachs Financial Square Money Market Fund (“Money Market Fund”), a separate series of the Trust. The Money Market Fund, deemed an affiliate of the Trust, 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 an investment advisory fee of up to 0.205% on an annualized basis of the average daily net assets of the Money Market Fund.

Both the Funds and GSAL received compensation relating to the lending of the Funds’ securities.

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

Foreign Custody Risk — A Fund that invests in foreign securities may hold such securities and foreign currency with foreign banks, agents, and securities depositories appointed by the Fund’s custodian (each a “Foreign Custodian”). In some countries, Foreign Custodians may be subject to little or no regulatory oversight 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 into bankruptcy. Investments in emerging markets may be subject to greater custody risks than investments in more developed markets. Custody services in emerging market countries are often undeveloped and may be less regulated than in more developed countries, and thus may not afford the same level of investor protection as would apply in developed countries.

Shareholder Concentration Risk — Certain funds, accounts, individuals or Goldman Sachs affiliates may from time to time own (beneficially or of record) or control a significant percentage of the Funds’ shares. Redemptions by these entities of their holdings in the Funds may impact the Funds’ liquidity and NAV. These redemptions may also force the Funds to sell securities.

Liquidity Risk — The Funds may make investments that are illiquid or that may become less liquid in response to market developments or adverse investor perceptions. Illiquid investments may be more difficult to value. Liquidity risk may also refer to the risk that a Fund will not be able to pay redemption proceeds within the allowable time period because of unusual market conditions, an unusually high volume of redemption requests, or other reasons. To meet redemption requests, a Fund may be forced to sell investments at an unfavorable time and/or under unfavorable conditions.

Market and Credit Risks — In the normal course of business, the Funds trade financial instruments and enter into financial transactions where risk of potential loss exists due to changes in the market (market risk). Additionally, the Funds may also be exposed to credit risk in the event that an issuer fails to perform or that an institution or entity with which the Funds have unsettled or open transactions defaults.

Investing in foreign markets may involve special risks and considerations not typically associated with investing in the U.S. These risks include revaluation of currencies, high rates of inflation, repatriation restrictions on income and capital, and adverse political and economic developments. Moreover, securities issued in these markets may be less liquid, be subject to government ownership controls, have delayed settlements and their prices may be more volatile than those of comparable securities in the U.S.

Item 2. Controls and Procedures.

(a) The Registrant’s President/Principal Executive Officer and Principal Financial Officer concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) were effective as of a date within 90 days prior to the filing date of this report (the “Evaluation Date”), based on their evaluation of the effectiveness of the Registrant’s disclosure controls and procedures as of the Evaluation Date.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Separate certifications for the President/Principal Executive Officer and the Principal Financial Officer of the Registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)) are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Goldman Sachs Trust
By (Signature and Title)*	/s/ James A. McNamara
	James A. McNamara, President/Principal Executive Officer

Date May 30, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*	/s/ James A. McNamara
	James A. McNamara, President/Principal Executive Officer

Date May 30, 2013

By (Signature and Title)*	/s/ George F. Travers
	George F. Travers, Principal Financial Officer

Date May 30, 2013

* Print the name and title of each signing officer under his or her signature.

EX-99.CERT

CERTIFICATIONS

I, James A. McNamara, certify that:

1. I have reviewed this report on Form N-Q of the Goldman Sachs Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 30, 2013	/s/ James A. McNamara
	James A. McNamara
	President/Principal Executive Officer

CERTIFICATIONS

I, George F. Travers, certify that:

1. I have reviewed this report on Form N-Q of the Goldman Sachs Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 30, 2013	/s/ George F. Travers
	George F. Travers
	Principal Financial Officer