HTML
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments
December 31, 2020 (Unaudited)
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Principal
Amount |
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Interest
Rate |
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Maturity
Date |
|
Value |
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| Municipal Bonds – 97.8% |
| Alabama – 1.0% |
| Alabama Economic Settlement Authority RB for BP Exploration & Production, Inc.
Series 2016 A (A-/A1) |
| $ |
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5,000,000 |
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4.000 |
% |
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09/15/2033 |
|
$ 5,630,250 |
| Chatom Industrial Development Board RB Refunding for PowerSouth Energy Cooperative
Series 2020 (AGM) (AA/A2) |
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425,000 |
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5.000 |
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08/01/2025 |
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501,823 |
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485,000 |
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5.000 |
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08/01/2026 |
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587,747 |
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550,000 |
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5.000 |
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08/01/2027 |
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680,751 |
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485,000 |
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5.000 |
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08/01/2028 |
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610,848 |
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485,000 |
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5.000 |
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08/01/2029 |
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620,577 |
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425,000 |
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5.000 |
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08/01/2030 |
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552,819 |
| Health Care Authority RB for Baptist Health Series 2006 D
(BBB+/A3) |
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100,000 |
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5.000 |
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11/15/2021 |
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100,303 |
| Hoover Industrial Development Board RB for United States Steel Corp. Series 2019
(AMT) (B-/Caa2) |
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4,600,000 |
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5.750 |
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10/01/2049 |
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4,490,382 |
| Houston County Health Care Authority RB for Southeast Alabama Medical Center Series
2016 A (BBB+/NR) |
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1,000,000 |
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5.000 |
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10/01/2024 |
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1,137,820 |
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1,000,000 |
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5.000 |
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10/01/2025 |
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1,172,840 |
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2,225,000 |
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5.000 |
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10/01/2030 |
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2,594,039 |
| Jefferson County Senior Lien Sewer RB Warrants Series 2013 A (AGM)
(AA/A2) |
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740,000 |
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5.000 |
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10/01/2044 |
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817,300 |
| Jefferson County Senior Lien Sewer RB Warrants Series 2013 C (AGM) (AA/A2)(a) |
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4,275,000 |
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0.000 |
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10/01/2046 |
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4,251,060 |
| Jefferson County Subordinate Lien Sewer RB Warrants Series 2013 D
(BBB/NR) |
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1,000,000 |
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5.000 |
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10/01/2021 |
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1,033,820 |
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13,500,000 |
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6.000 |
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10/01/2042 |
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15,732,090 |
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10,615,000 |
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6.500 |
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10/01/2053 |
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12,497,676 |
| Jefferson County Subordinate Lien Sewer RB Warrants Series 2013 F (BBB/NR)(a) |
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14,875,000 |
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0.000 |
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10/01/2050 |
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15,021,073 |
| Prattville Industrial Development Board RB Refunding for International Paper Co.
Series 2019 B (BBB/Baa2)(b)(c) |
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225,000 |
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2.000 |
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10/01/2024 |
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237,744 |
| Prattville Industrial Development Board RB Refunding for International Paper Co.
Series 2019 C (BBB/Baa2)(b)(c) |
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225,000 |
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2.000 |
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10/01/2024 |
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237,744 |
| Selma Industrial Development Board RB Refunding for International Paper Co. Series
2019 A (BBB/Baa2)(b)(c) |
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1,750,000 |
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2.000 |
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10/01/2024 |
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1,849,120 |
| The Southeast Alabama Gas Supply District RB for Project No. 2
Series 2018 A
(A/A2) |
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3,820,000 |
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4.000 |
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06/01/2024 |
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4,249,444 |
| The Southeast Alabama Gas Supply District RB for Project No. 2
Series 2018 B
(A/A2)(b) |
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(1 Mo. LIBOR + 0.85%), |
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10,000,000 |
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0.954 |
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06/01/2024 |
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9,984,000 |
| UAB Medicine Finance Authority RB Series 2019 B (AA-/Aa3) |
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1,350,000 |
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4.000 |
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09/01/2036 |
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1,622,754 |
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2,030,000 |
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4.000 |
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09/01/2037 |
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2,432,935 |
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1,350,000 |
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4.000 |
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09/01/2038 |
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1,607,580 |
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90,254,539 |
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| Alaska – 0.4% |
| Alaska Municipal Bond Bank Authority RB Refunding Series 2020 ONE
(A+/A1) |
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1,200,000 |
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5.000 |
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12/01/2026 |
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1,481,556 |
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3,430,000 |
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5.000 |
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12/01/2027 |
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4,324,647 |
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2,175,000 |
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5.000 |
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12/01/2028 |
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2,801,704 |
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2,235,000 |
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5.000 |
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12/01/2029 |
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2,922,799 |
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1,540,000 |
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5.000 |
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12/01/2030 |
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2,044,535 |
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Principal
Amount |
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Interest
Rate |
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Maturity
Date |
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Value |
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| Municipal Bonds – (continued) |
| Alaska – (continued) |
| Alaska Municipal Bond Bank Authority RB Series 2017 THREE
(A+/NR) |
| $ |
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1,240,000 |
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5.000 |
% |
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12/01/2027 |
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$ 1,554,055 |
| Northern Tobacco Securitization Corp. RB Refunding Asset-Backed Bonds Series 2006 A
(NR/B3) |
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2,600,000 |
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5.000 |
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06/01/2046 |
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2,638,428 |
| Northern Tobacco Securitization Corp. RB Refunding Capital Appreciation
Asset-Backed Bonds 1st Subordinate Series 2006 B (NR/NR)(d) |
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37,350,000 |
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0.000 |
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06/01/2046 |
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7,210,791 |
| State of Alaska GO Unlimited Bonds Series 2016 A (AA-/Aa3) |
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5,460,000 |
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5.000 |
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08/01/2027 |
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6,577,389 |
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31,555,904 |
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| Arizona – 1.4% |
| Arizona Health Facilities Authority Hospital RB for Banner Health
Series 2007 B
(AA-/NR)(e) |
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(3 Mo. LIBOR + 0.81%), |
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21,670,000 |
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0.961 |
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01/01/2037 |
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20,424,192 |
| Arizona Industrial Development Authority RB for Candeo Schools Obligated Group
Project Series 2020 A (SD CRED PROG) (AA-/NR) |
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425,000 |
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3.375 |
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07/01/2041 |
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445,340 |
| Arizona Industrial Development Authority RB for Equitable School Revolving Fund LLC
Obligated Group Series 2019 A (A/NR) |
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1,400,000 |
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5.000 |
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11/01/2044 |
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1,711,430 |
| Arizona Industrial Development Authority RB for Great Lakes Senior Living
Communities LLC Project First Tier Series 2019 A (BB+/NR) |
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570,000 |
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5.000 |
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01/01/2043 |
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513,085 |
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3,250,000 |
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4.500 |
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01/01/2049 |
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2,626,488 |
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2,095,000 |
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5.000 |
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01/01/2054 |
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1,819,633 |
| Arizona Industrial Development Authority RB for Great Lakes Senior Living
Communities LLC Project Second Tier Series 2019 B (BB/NR) |
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1,565,000 |
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5.000 |
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01/01/2037 |
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1,358,983 |
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1,105,000 |
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5.000 |
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01/01/2038 |
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950,267 |
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300,000 |
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5.000 |
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01/01/2043 |
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245,913 |
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2,125,000 |
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5.000 |
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01/01/2049 |
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1,679,983 |
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600,000 |
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5.125 |
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01/01/2054 |
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471,066 |
| Arizona Industrial Development Authority RB for Provident Group - EMU Properties
LLC Series 2018 (NR/Baa2) |
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365,000 |
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5.000 |
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05/01/2024 |
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386,086 |
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300,000 |
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5.000 |
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05/01/2029 |
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316,422 |
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650,000 |
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5.000 |
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05/01/2031 |
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684,294 |
| Chandler Industrial Development Authority RB for Intel Corp. Series 2007 (AMT)
(A+/A1)(b)(c) |
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10,000,000 |
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2.700 |
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08/14/2023 |
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10,564,000 |
| Chandler Industrial Development Authority RB for Intel Corp. Series 2019 (AMT)
(A+/A1)(b)(c) |
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7,300,000 |
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5.000 |
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06/03/2024 |
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8,396,241 |
| City of Phoenix Civic Improvement Corporation RB for Junior Lien Airport Series
2019 A (A/A1) |
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1,375,000 |
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3.000 |
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07/01/2049 |
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1,442,788 |
| City of Phoenix Civic Improvement Corporation RB for Junior Lien Airport Series
2019 B (AMT) (A/A1) |
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1,110,000 |
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5.000 |
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07/01/2023 |
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1,227,593 |
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1,115,000 |
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5.000 |
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07/01/2024 |
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1,278,091 |
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1,215,000 |
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5.000 |
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07/01/2025 |
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1,440,808 |
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915,000 |
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4.000 |
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07/01/2044 |
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1,036,668 |
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2,980,000 |
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5.000 |
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07/01/2044 |
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3,651,573 |
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2,290,000 |
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3.250 |
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07/01/2049 |
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2,405,256 |
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1,375,000 |
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5.000 |
|
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07/01/2049 |
|
1,670,941 |
| City of Phoenix Civic Improvement Corporation RB Taxable Refunding for Rental Car
Facility Charge Series 2019 B (BBB+/A3) |
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3,005,000 |
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2.163 |
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07/01/2022 |
|
3,047,040 |
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1,950,000 |
|
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2.226 |
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07/01/2023 |
|
1,993,446 |
| City of Phoenix Civic Improvement Corporation Water System RB Refunding Junior Lien
Series 2016 (AAA/Aa2) |
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7,000,000 |
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|
5.000 |
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07/01/2030 |
|
8,671,810 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
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Principal
Amount |
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|
Interest
Rate |
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|
Maturity
Date |
|
Value |
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| Municipal Bonds – (continued) |
| Arizona – (continued) |
| Entertainment Center Community Facilities District RB Series 2017
(AA+/NR) |
| $ |
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5,019,000 |
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|
4.000 |
% |
|
07/01/2037 |
|
$ 5,132,329 |
| Estrella Mountain Ranch Community Facilities District Lucero Assessment District
No. 1 Special Assessment RB Series 2019 (NR/NR) |
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400,000 |
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3.500 |
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07/01/2029 |
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408,364 |
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385,000 |
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4.100 |
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07/01/2034 |
|
390,209 |
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1,141,000 |
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4.750 |
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07/01/2043 |
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1,156,061 |
| Glendale City Subordinate RB Refunding Series 2017 (AA/A1) |
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2,500,000 |
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|
5.000 |
|
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07/01/2028 |
|
3,121,275 |
| Glendale Industrial Development Authority RB for People of Faith, Inc. Obligated
Group Series 2020 A (BBB-/NR) |
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|
535,000 |
|
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|
4.000 |
|
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05/15/2031 |
|
587,355 |
|
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|
900,000 |
|
|
|
5.000 |
|
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05/15/2041 |
|
1,014,876 |
| Glendale Industrial Development Authority RB Refunding for Sun Health Services
Obligated Group Series 2019 A (A-/NR) |
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|
5,000,000 |
|
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|
5.000 |
|
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11/15/2042 |
|
5,714,600 |
| Maricopa County Industrial Development Authority RB for Arizona Autism Charter
Schools Obligated Group Series 2020 A (BB/NR)(f) |
|
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|
300,000 |
|
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|
4.000 |
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07/01/2030 |
|
322,551 |
|
|
|
600,000 |
|
|
|
5.000 |
|
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07/01/2040 |
|
672,618 |
| Maricopa County Industrial Development Authority RB for Ottawa University Series
2020 (NR/NR)(f) |
|
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|
300,000 |
|
|
|
5.000 |
|
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10/01/2026 |
|
313,269 |
|
|
|
400,000 |
|
|
|
5.125 |
|
|
10/01/2030 |
|
426,544 |
| Maricopa County Industrial Development Authority RB Refunding for Legacy
Traditional School Obligated Group Series 2019 A (SD CRED PROG) (AA-/Ba2) |
|
|
|
200,000 |
|
|
|
4.000 |
|
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07/01/2025 |
|
227,700 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
07/01/2026 |
|
232,040 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
07/01/2027 |
|
236,022 |
|
|
|
325,000 |
|
|
|
4.000 |
|
|
07/01/2028 |
|
387,403 |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
07/01/2029 |
|
301,580 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
07/01/2034 |
|
571,600 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2039 |
|
864,892 |
| Pima County IDA RB Refunding for Career Success Schools, Inc.
Series 2020
(NR/NR)(f) |
|
|
|
500,000 |
|
|
|
4.750 |
|
|
05/01/2030 |
|
524,440 |
|
|
|
225,000 |
|
|
|
5.500 |
|
|
05/01/2040 |
|
236,363 |
| Salt Verde Financial Corp. RB Gas Senior Series 2007-1 (BBB+/A3) |
|
|
|
9,010,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
12,854,116 |
| Yavapai County IDA Solid Waste Disposal RB for Waste Management, Inc. Project
Series 2002 (AMT) (A-/NR)(b)(c) |
|
|
|
4,000,000 |
|
|
|
2.800 |
|
|
06/01/2021 |
|
4,037,240 |
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
120,192,884 |
| |
| Arkansas – 0.4% |
| Arkansas Development Finance Authority RB for Baptist Health Obligated Group Series
2019 (A/NR) |
|
|
|
2,790,000 |
|
|
|
5.000 |
|
|
12/01/2047 |
|
3,421,991 |
|
|
|
4,630,000 |
|
|
|
3.200 |
|
|
12/01/2049 |
|
4,855,620 |
| Batesville Public Facilities Board RB Refunding for White River Health System
Obligated Group Series 2020 (BBB-/NR) |
|
|
|
1,120,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
1,134,672 |
|
|
|
520,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
541,949 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
746,907 |
|
|
|
1,030,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
1,119,363 |
|
|
|
1,215,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
1,342,684 |
|
|
|
1,705,000 |
|
|
|
5.000 |
|
|
06/01/2026 |
|
1,911,493 |
|
|
|
1,770,000 |
|
|
|
5.000 |
|
|
06/01/2027 |
|
2,003,994 |
| Conway Health Facilities Board RB Refunding for Conway Regional Medical Center,
Inc. Series 2019 (BBB+/NR) |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
668,508 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/01/2028 |
|
600,640 |
| |
|
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|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Arkansas – (continued) |
| Pulaski County Little Rock School District Construction GO Bonds
Series 2017 (ST
AID WITHHLDG) (NR/Aa2) |
| $ |
|
|
5,395,000 |
|
|
|
3.000 |
% |
|
02/01/2023 |
|
$ 5,624,234 |
|
|
|
5,185,000 |
|
|
|
3.000 |
|
|
02/01/2024 |
|
5,402,666 |
| Pulaski County Little Rock School District GO Refunding Bonds
Series 2015 (ST
AID WITHHLDG) (NR/Aa2) |
|
|
|
3,335,000 |
|
|
|
3.000 |
|
|
02/01/2023 |
|
3,341,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,716,224 |
| |
| California – 8.9% |
| Alhambra California Unified School District Election of 2008 GO Bonds Capital
Appreciation for Elementary Schools Improvement District Series 2011 B (AGM) (AA/Aa2)(d) |
|
|
|
1,000,000 |
|
|
|
0.000 |
|
|
08/01/2037 |
|
718,080 |
| Anaheim Community Facilities District No. 08-1 Special Tax Refunding Bonds for
Platinum Triangle Series 2016 (NR/NR) |
|
|
|
875,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
967,103 |
|
|
|
660,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
727,663 |
|
|
|
475,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
522,367 |
|
|
|
530,000 |
|
|
|
4.000 |
|
|
09/01/2027 |
|
580,180 |
|
|
|
520,000 |
|
|
|
4.000 |
|
|
09/01/2028 |
|
567,013 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
461,295 |
| Atwater Wastewater RB Refunding Series 2017 A (AGM) (AA/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2040 |
|
1,207,800 |
| Beaumont Community Facilities District No. 2016-2 Special Tax
Series 2019
(NR/NR) |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
09/01/2021 |
|
194,245 |
|
|
|
195,000 |
|
|
|
4.000 |
|
|
09/01/2022 |
|
205,546 |
|
|
|
205,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
221,904 |
|
|
|
210,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
232,902 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
249,498 |
|
|
|
230,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
263,851 |
|
|
|
235,000 |
|
|
|
4.000 |
|
|
09/01/2027 |
|
267,611 |
|
|
|
255,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
287,584 |
|
|
|
275,000 |
|
|
|
4.000 |
|
|
09/01/2031 |
|
306,072 |
|
|
|
290,000 |
|
|
|
4.000 |
|
|
09/01/2032 |
|
321,549 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
09/01/2033 |
|
346,611 |
|
|
|
215,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
247,876 |
|
|
|
330,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
379,873 |
|
|
|
345,000 |
|
|
|
3.000 |
|
|
09/01/2036 |
|
356,758 |
|
|
|
360,000 |
|
|
|
3.000 |
|
|
09/01/2037 |
|
371,383 |
|
|
|
370,000 |
|
|
|
3.000 |
|
|
09/01/2038 |
|
380,412 |
|
|
|
380,000 |
|
|
|
3.000 |
|
|
09/01/2039 |
|
390,237 |
|
|
|
1,160,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
1,313,050 |
|
|
|
1,475,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
1,661,720 |
| Beaumont Community Facilities District No. 93-1 Special Tax for Improvement Area No
8F Series 2020 (NR/NR) |
|
|
|
1,505,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
1,653,047 |
| California County Tobacco Securitization Agency RB Refunding for Gold Country
Settlement Funding Corp. Series 2020 B-1 (BBB-/NR) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
275,790 |
| California County Tobacco Securitization Agency RB Refunding for Merced County
Tobacco Funding Corp. Series 2020 B (NR/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
06/01/2050 |
|
578,630 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 A (BBB+/NR) |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
1,094,134 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 B-1 (BBB-/NR) |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
329,909 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 B-2 (NR/NR)(d) |
|
|
|
2,375,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
548,934 |
| California County Tobacco Securitization Agency RB Refunding
Series 2020 A
(BBB+/NR) |
|
|
|
825,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
958,138 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California County Tobacco Securitization Agency RB Refunding
Series 2020 B-1
(BBB-/NR) |
| $ |
|
|
595,000 |
|
|
|
5.000 |
% |
|
06/01/2049 |
|
$ 729,547 |
| California County Tobacco Securitization Agency RB Refunding Series 2020 B-2
(NR/NR)(d) |
|
|
|
12,130,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
2,278,620 |
| California County Tobacco Securitization Agency Tobacco Settlement RB Capital
Appreciation Subordinate Series 2006 C (BB+/NR)(d) |
|
|
|
45,220,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
5,351,787 |
| California Educational Facilities Authority RB for Stanford University Series 2010
U-1 (AAA/Aaa) |
|
|
|
5,000,000 |
|
|
|
5.250 |
|
|
04/01/2040 |
|
7,918,750 |
| California Educational Facilities Authority RB for Stanford University Series 2014
U-6 (AAA/Aaa) |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
05/01/2045 |
|
5,585,685 |
| California Enterprise Development Authority RB for Provident Group-SDSU Properties
LLC - M@College Project Series 2020 A (NR/Baa3) |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
553,415 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
697,239 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
08/01/2045 |
|
658,119 |
| California Health Facilities Financing Authority RB for El Camino Hospital Series
2017 (AA/A1) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
02/01/2042 |
|
602,405 |
| California Health Facilities Financing Authority RB for Lucile Salter Packard
Children’s Hospital Series 2017 A (A+/A1) |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
479,981 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
11/15/2029 |
|
445,249 |
|
|
|
565,000 |
|
|
|
5.000 |
|
|
11/15/2030 |
|
715,923 |
|
|
|
1,010,000 |
|
|
|
5.000 |
|
|
11/15/2042 |
|
1,239,411 |
|
|
|
12,000,000 |
|
|
|
5.000 |
|
|
11/15/2056 |
|
14,541,480 |
| California Municipal Finance Authority RB for Community Medical Centers Series 2017
A (A-/A3) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
02/01/2034 |
|
1,544,231 |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
02/01/2035 |
|
1,364,429 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
02/01/2042 |
|
526,190 |
|
|
|
1,450,000 |
|
|
|
5.000 |
|
|
02/01/2047 |
|
1,681,173 |
| California Municipal Finance Authority RB for LAX Integrated Express Solutions LLC
Senior Lien Series 2018 A (AMT) (BBB-/NR) |
|
|
|
2,285,000 |
|
|
|
5.000 |
|
|
06/30/2028 |
|
2,852,822 |
|
|
|
1,635,000 |
|
|
|
5.000 |
|
|
12/31/2028 |
|
2,034,725 |
|
|
|
6,195,000 |
|
|
|
5.000 |
|
|
12/31/2043 |
|
7,316,915 |
| California Municipal Finance Authority RB Refunding for California Lutheran
University Series 2018 (NR/Baa1) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
241,756 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
10/01/2027 |
|
247,120 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
10/01/2028 |
|
189,145 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
281,810 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
155,518 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
10/01/2031 |
|
278,386 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
276,921 |
| California Municipal Finance Authority RB Refunding for Claremont Graduate
University Series 2020 B (NR/NR)(f) |
|
|
|
430,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
500,959 |
|
|
|
1,125,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
1,288,170 |
|
|
|
1,035,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
1,163,681 |
| California Municipal Finance Authority Senior Lien RB for LAX Integrated Express
Solutions LLC Project Series 2018 A (AMT) (BBB-/NR) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
12/31/2037 |
|
1,077,633 |
| California Municipal Finance Authority Student Housing RB for Bowles Hall
Foundation Series 2015 A (NR/Baa3) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
06/01/2035 |
|
429,292 |
| California Pollution Control Financing Authority RB for Mission Rock Utilities,
Inc. Series 2020 (NR/NR)(f) |
|
|
|
5,550,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
5,555,161 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California Pollution Control Financing Authority RB Refunding for Waste Management,
Inc. Series 2015 B-1 (AMT) (A-/NR) |
| $ |
|
|
4,130,000 |
|
|
|
3.000 |
% |
|
11/01/2025 |
|
$ 4,592,064 |
| California Pollution Control Financing Authority Solid Waste Disposal RB for Rialto
Bioenergy Facility LLC Project Series 2019 (AMT) (NR/NR)(f) |
|
|
|
2,000,000 |
|
|
|
6.750 |
|
|
12/01/2028 |
|
1,996,200 |
|
|
|
14,195,000 |
|
|
|
7.500 |
|
|
12/01/2040 |
|
14,285,706 |
| California Pollution Control Financing Authority Solid Waste Disposal RB for Waste
Management, Inc. Project Series 2001 A (AMT)
(A-/NR)(b)(c) |
|
|
|
1,250,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
1,333,975 |
| California Pollution Control Financing Authority Solid Waste Disposal RB for Waste
Management, Inc. Project Series 2003 A (A-/NR)(b)(c) |
|
|
|
3,500,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
3,735,130 |
| California Pollution Control Financing Authority Solid Waste Disposal RB Refunding
for Waste Management, Inc. Project Series 2015 A-1 (AMT) (A-/NR) |
|
|
|
10,000,000 |
|
|
|
3.375 |
|
|
07/01/2025 |
|
11,208,300 |
| California Pollution Control Financing Authority Water Furnishing RB for Poseidon
Resources LP Desalination Project Series 2012 (AMT) (BBB/Baa3)(f) |
|
|
|
13,845,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
14,836,856 |
| California Pollution Control Financing Authority Water Furnishing RB Refunding for
San Diego County Water Desalination Project
Series 2019 (BBB/Baa3)(f) |
|
|
|
280,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
300,059 |
|
|
|
360,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
399,546 |
|
|
|
445,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
507,362 |
|
|
|
1,330,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
1,639,385 |
| California Public Finance Authority RB for Excelsior Charter School Project Series
2020 A (NR/NR)(f) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/15/2040 |
|
1,076,880 |
| California School Finance Authority RB for Classical Academy Obligated Group Series
2020 A (BB+/NR)(f) |
|
|
|
215,000 |
|
|
|
3.000 |
|
|
10/01/2030 |
|
225,922 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
10/01/2040 |
|
577,165 |
| California School Finance Authority RB for Fenton Charter Public Schools Series
2020 A (BB+/NR)(f) |
|
|
|
680,000 |
|
|
|
4.000 |
|
|
07/01/2030 |
|
742,023 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
836,910 |
| California State Various Purpose GO Bonds Series 2017 (AA-/Aa2) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
08/01/2046 |
|
1,526,162 |
| California State Various Purpose GO Refunding Bonds Series 2020
(AA-/Aa2) |
|
|
|
16,170,000 |
|
|
|
4.000 |
|
|
11/01/2037 |
|
20,187,598 |
|
|
|
17,175,000 |
|
|
|
4.000 |
|
|
11/01/2038 |
|
21,377,723 |
| California Statewide Communities Development Authority Community Facilities
District No. 2007-01 Special Tax Refunding for Orinda Wilder Project Series 2015 (NR/NR) |
|
|
|
400,000 |
|
|
|
4.250 |
|
|
09/01/2022 |
|
420,012 |
|
|
|
230,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
260,040 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
09/01/2037 |
|
278,798 |
| California Statewide Communities Development Authority Community Facilities
District No. 2018-02 Special Tax for Improvement Area No. 1 Series 2020 (NR/NR)(f) |
|
|
|
1,375,000 |
|
|
|
7.250 |
|
|
09/01/2050 |
|
1,458,229 |
| California Statewide Communities Development Authority Infrastructure Program RB
for Pacific Highlands Ranch Series 2019 (NR/NR) |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
09/02/2034 |
|
1,057,254 |
|
|
|
595,000 |
|
|
|
5.000 |
|
|
09/02/2039 |
|
709,275 |
| California Statewide Communities Development Authority Infrastructure Program
Special Assessment Bonds Series 2018 B (NR/NR) |
|
|
|
2,630,000 |
|
|
|
5.000 |
|
|
09/02/2033 |
|
3,179,538 |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
09/02/2038 |
|
1,042,860 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
09/02/2043 |
|
412,283 |
|
|
|
1,040,000 |
|
|
|
5.000 |
|
|
09/02/2048 |
|
1,212,255 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California Statewide Communities Development Authority Infrastructure Programme
Special Assessment Bonds Series 2019 A (NR/NR) |
| $ |
|
|
4,225,000 |
|
|
|
5.000 |
% |
|
09/02/2029 |
|
$ 5,014,906 |
| California Statewide Communities Development Authority Infrastructure Programme
Special Assessment Bonds Series 2019 B (NR/NR) |
|
|
|
645,000 |
|
|
|
4.000 |
|
|
09/02/2023 |
|
687,157 |
|
|
|
670,000 |
|
|
|
4.000 |
|
|
09/02/2024 |
|
727,232 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
09/02/2034 |
|
1,800,720 |
| California Statewide Communities Development Authority RB for Lancer Educational
Housing LLC Project Series 2019 A (NR/NR)(f) |
|
|
|
750,000 |
|
|
|
3.000 |
|
|
06/01/2029 |
|
759,697 |
| California Statewide Communities Development Authority RB for Marin General
Hospital Obligated Group Series 2018 A (BBB+/NR) |
|
|
|
365,000 |
|
|
|
5.000 |
|
|
08/01/2028 |
|
458,513 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
08/01/2029 |
|
374,517 |
|
|
|
315,000 |
|
|
|
5.000 |
|
|
08/01/2030 |
|
391,847 |
| California Statewide Communities Development Authority RB for NCCD-Hooper Street
LLC Project Series 2019 (BB+/NR)(f) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
511,405 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
930,051 |
| California Statewide Communities Development Authority RB Refunding for Front Porch
Communities & Services Series 2017 A (A-/NR) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
178,216 |
|
|
|
70,000 |
|
|
|
5.000 |
|
|
04/01/2031 |
|
82,661 |
|
|
|
385,000 |
|
|
|
4.000 |
|
|
04/01/2032 |
|
425,648 |
|
|
|
455,000 |
|
|
|
4.000 |
|
|
04/01/2034 |
|
498,298 |
| California Statewide Communities Development Authority RB Refunding for Loma Linda
University Medical Center Series 2016 A (BB-/NR)(f) |
|
|
|
1,725,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
1,974,245 |
| California Statewide Communities Development Authority Special Assessment Bond
Series 2020 (NR/NR) |
|
|
|
1,710,000 |
|
|
|
4.000 |
|
|
09/02/2028 |
|
1,879,546 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
09/02/2040 |
|
1,481,250 |
| California Statewide Communities Development Authority Special Assessment Bonds
Series 2018 C (NR/NR) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
09/02/2038 |
|
1,537,354 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
09/02/2048 |
|
1,731,555 |
| California Statewide Communities Development Authority Special Assessment for
Statewide Community Infrastructure Program
Series 2019 C (NR/NR) |
|
|
|
115,000 |
|
|
|
4.000 |
|
|
09/02/2021 |
|
117,088 |
|
|
|
180,000 |
|
|
|
4.000 |
|
|
09/02/2022 |
|
187,677 |
|
|
|
345,000 |
|
|
|
4.000 |
|
|
09/02/2023 |
|
367,828 |
|
|
|
355,000 |
|
|
|
4.000 |
|
|
09/02/2024 |
|
386,251 |
|
|
|
1,015,000 |
|
|
|
4.000 |
|
|
09/02/2029 |
|
1,139,693 |
| California Statewide Communities Development Authority Student Housing RB for
University of California Irvine East Campus Apartments, Phase IV-A CHF-Irvine, LLC Series 2017 (NR/Baa1) |
|
|
|
975,000 |
|
|
|
5.000 |
|
|
05/15/2042 |
|
1,093,726 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/15/2047 |
|
1,115,610 |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
05/15/2050 |
|
891,024 |
| California Statewide Communities Development Authority Student Housing RB for
University of California Irvine East Campus Apartments, Phase IV-A CHF - Irvine, LLC Series 2017 (NR/Baa1) |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
1,832,915 |
| California Statewide Financing Authority Tobacco Settlement RB Capital Appreciation
for Turbo Pooled Program Series 2006 B (CCC/NR)(d) |
|
|
|
22,510,000 |
|
|
|
0.000 |
|
|
06/01/2046 |
|
3,633,789 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Chino Public Financing Authority Tax Exempt RB Series 2019 A (NR/NR) |
| $ |
|
|
230,000 |
|
|
|
4.000 |
% |
|
09/01/2026 |
|
$ 265,758 |
|
|
|
245,000 |
|
|
|
4.000 |
|
|
09/01/2027 |
|
286,474 |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
09/01/2028 |
|
295,880 |
|
|
|
165,000 |
|
|
|
3.000 |
|
|
09/01/2037 |
|
169,033 |
|
|
|
170,000 |
|
|
|
3.000 |
|
|
09/01/2038 |
|
172,626 |
|
|
|
175,000 |
|
|
|
3.000 |
|
|
09/01/2039 |
|
178,931 |
|
|
|
180,000 |
|
|
|
3.000 |
|
|
09/01/2040 |
|
183,164 |
|
|
|
620,000 |
|
|
|
3.125 |
|
|
09/01/2044 |
|
632,220 |
| Citrus Community College District GO Bonds Capital Appreciation for Election of
2004 Series 2009 C (AA/Aa1)(d) |
|
|
|
3,500,000 |
|
|
|
0.000 |
|
|
06/01/2034 |
|
2,787,890 |
| City & County of San Francisco Community Facilities District No. 2016-1 Special
Tax Bonds Series 2020 (NR/NR) |
|
|
|
600,000 |
|
|
|
4.000 |
|
|
09/01/2042 |
|
656,646 |
| City of Azusa Community Facilities District No. 2005-1 Special Tax Series 2019
(AGM) (AA/NR) |
|
|
|
1,280,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
1,558,797 |
|
|
|
1,925,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
2,321,011 |
| City of Chino CA Community Facilities District No. 2003-3 Special Tax for
Improvement Area No. 7 Series 2020 (NR/NR) |
|
|
|
1,125,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
1,287,990 |
|
|
|
1,275,000 |
|
|
|
4.000 |
|
|
09/01/2032 |
|
1,470,547 |
|
|
|
1,030,000 |
|
|
|
4.000 |
|
|
09/01/2037 |
|
1,165,424 |
|
|
|
485,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
543,962 |
| City of Fairfield Community Facilities District No. 2019-1 for Improvement Area No.
1 Series 2020 A (NR/NR)(f) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
1,202,230 |
| City of Ontario CA Community Facilities District No. 43 Special Tax Bonds Series
2020 (NR/NR) |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
09/01/2028 |
|
358,799 |
|
|
|
330,000 |
|
|
|
4.000 |
|
|
09/01/2030 |
|
383,582 |
|
|
|
440,000 |
|
|
|
4.000 |
|
|
09/01/2032 |
|
505,366 |
|
|
|
450,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
510,372 |
|
|
|
465,000 |
|
|
|
4.000 |
|
|
09/01/2036 |
|
525,441 |
|
|
|
150,000 |
|
|
|
3.000 |
|
|
09/01/2038 |
|
155,904 |
|
|
|
160,000 |
|
|
|
3.000 |
|
|
09/01/2039 |
|
165,750 |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
212,829 |
| City of Oroville RB for Oroville Hospital Series 2019 (BB/NR) |
|
|
|
1,140,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
1,219,914 |
|
|
|
1,325,000 |
|
|
|
5.000 |
|
|
04/01/2027 |
|
1,480,529 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/01/2029 |
|
1,134,310 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
1,413,825 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
04/01/2031 |
|
1,689,435 |
| City of Rocklin Community Facilities District No. 10 Special Tax Bonds Series 2019
(NR/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
116,729 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
116,250 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
115,801 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
115,168 |
|
|
|
140,000 |
|
|
|
5.000 |
|
|
09/01/2031 |
|
159,779 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
284,565 |
|
|
|
230,000 |
|
|
|
5.000 |
|
|
09/01/2033 |
|
261,245 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
170,197 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
169,793 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
789,509 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
09/01/2037 |
|
309,260 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
280,483 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
560,275 |
| City of Roseville Special Tax for SVSP Westpark-Federico Community Facilities
District No. 1 Series 2019 (NR/NR) |
|
|
|
325,000 |
|
|
|
3.000 |
|
|
09/01/2029 |
|
334,838 |
|
|
|
815,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
940,746 |
|
|
|
445,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
508,613 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| City of Roseville Special Tax Villages at Sierra Vista Community Facilities
District No. 1 Series 2020 (NR/NR) |
| $ |
|
|
55,000 |
|
|
|
3.000 |
% |
|
09/01/2022 |
|
$ 56,546 |
|
|
|
70,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
76,002 |
|
|
|
95,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
106,123 |
|
|
|
65,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
77,652 |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
09/01/2032 |
|
212,129 |
|
|
|
225,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
249,829 |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
09/01/2036 |
|
292,815 |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
09/01/2038 |
|
335,515 |
|
|
|
330,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
361,901 |
| City of Sacramento Natomas Meadows Community Facilities District No. 2007-01
Special Tax Bonds for Improvement Area No. 1
Series 2017 (NR/NR)(f) |
|
|
|
570,000 |
|
|
|
4.000 |
|
|
09/01/2028 |
|
635,869 |
| City of Santa Paula Special Tax for Harvest Community Facilities District No. 1
Series 2020 (NR/NR) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
709,392 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2040 |
|
1,168,300 |
| City of Santee Community Facilities District No. 2017-1 Special Tax Bonds Series
2019 (NR/NR) |
|
|
|
1,420,000 |
|
|
|
4.000 |
|
|
09/01/2044 |
|
1,563,406 |
| City of Stockton Community Facilities District No. 2005-1 Special Tax Bonds Series
2019 (NR/NR) |
|
|
|
320,000 |
|
|
|
2.000 |
|
|
09/01/2024 |
|
330,794 |
|
|
|
330,000 |
|
|
|
2.250 |
|
|
09/01/2026 |
|
347,365 |
|
|
|
350,000 |
|
|
|
2.375 |
|
|
09/01/2028 |
|
368,238 |
|
|
|
380,000 |
|
|
|
2.750 |
|
|
09/01/2031 |
|
394,330 |
|
|
|
405,000 |
|
|
|
3.000 |
|
|
09/01/2033 |
|
424,902 |
|
|
|
415,000 |
|
|
|
3.000 |
|
|
09/01/2034 |
|
435,704 |
|
|
|
270,000 |
|
|
|
3.000 |
|
|
09/01/2035 |
|
281,386 |
|
|
|
900,000 |
|
|
|
3.125 |
|
|
09/01/2037 |
|
940,563 |
|
|
|
740,000 |
|
|
|
3.125 |
|
|
09/01/2039 |
|
770,688 |
|
|
|
810,000 |
|
|
|
3.250 |
|
|
09/01/2041 |
|
841,387 |
| City of Tracy Community Facilities District No. 2016-2 ECFD Special Tax Bonds
Series 2019 (NR/NR) |
|
|
|
345,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
401,287 |
|
|
|
465,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
538,358 |
| City of Upland Community Facilities District No. 2015-1 Special Tax Improvement
Area No.1 Series 2019 B (NR/NR) |
|
|
|
95,000 |
|
|
|
3.125 |
|
|
09/01/2037 |
|
99,357 |
|
|
|
700,000 |
|
|
|
3.250 |
|
|
09/01/2041 |
|
728,770 |
|
|
|
600,000 |
|
|
|
3.500 |
|
|
09/01/2049 |
|
625,542 |
|
|
|
940,000 |
|
|
|
4.000 |
|
|
09/01/2049 |
|
1,024,299 |
| Commerce Community Development Commission Successor Agency Tax Allocation Refunding
Series 2016 A (AGM) (AA/NR) |
|
|
|
275,000 |
|
|
|
3.125 |
|
|
08/01/2035 |
|
298,155 |
| County of El Dorado CA Community Facilities District No. 2018-1 Bass Lake Hills
Special Tax Bonds Series 2019 (NR/NR) |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
520,722 |
|
|
|
725,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
830,596 |
| County of Sacramento RB Refunding for Airport System Series 2018 C (AMT)
(A/A2) |
|
|
|
1,225,000 |
|
|
|
5.000 |
|
|
07/01/2039 |
|
1,489,625 |
| County of San Diego Community Facilities District No. 2008-01 Special Tax Series
2020 A (NR/NR) |
|
|
|
1,365,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
1,488,922 |
| Dublin Community Facilities District No. 2015-1 Improvement Area No. 1 Special Tax
Series 2017 (NR/NR) |
|
|
|
1,405,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
1,629,069 |
| East Garrison Public Finance Authority Special Tax for East Garrison Project Series
2019 (NR/NR) |
|
|
|
395,000 |
|
|
|
3.125 |
|
|
09/01/2044 |
|
404,310 |
|
|
|
1,630,000 |
|
|
|
3.125 |
|
|
09/01/2049 |
|
1,655,477 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Foothill/Eastern Transportation Corridor Agency Toll Road RB Refunding RMKT
08/24/17 Series 2013 B Subseries B-1 (A-/Baa2) |
| $ |
|
|
1,300,000 |
|
|
|
3.950 |
% |
|
01/15/2053 |
|
$ 1,437,202 |
| Foothill/Eastern Transportation Corridor Agency Toll Road RB Refunding Series 2013
A (AGM) (AA/A2)(a) |
|
|
|
3,000,000 |
|
|
|
0.000 |
|
|
01/15/2032 |
|
3,629,970 |
| Foothill/Eastern Transportation Corridor Agency Toll Road RB Refunding Series 2014
Subseries B-3 (A-/Baa2)(b)(c) |
|
|
|
1,175,000 |
|
|
|
5.500 |
|
|
01/15/2023 |
|
1,262,620 |
| Fullerton Community Facilities District No. 1 Special Tax Refunding Bonds for
Amerige Heights Series 2012 (A+/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
535,165 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds for Capital Appreciation Subseries 2007 B (CCC-/NR)(d) |
|
|
|
43,000,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
9,471,180 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds for Capital Appreciation Subseries 2007 C (CCC-/NR)(d) |
|
|
|
9,375,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
2,013,375 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2015 A (ST APPROP) (A+/Aa3) |
|
|
|
13,395,000 |
|
|
|
5.000 |
|
|
06/01/2045 |
|
15,451,668 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-1 (BB-/NR) |
|
|
|
15,270,000 |
|
|
|
3.500 |
|
|
06/01/2036 |
|
15,575,553 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-1 (BBB-/NR) |
|
|
|
22,180,000 |
|
|
|
5.000 |
|
|
06/01/2034 |
|
27,114,385 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-1 (NR/NR) |
|
|
|
2,440,000 |
|
|
|
5.000 |
|
|
06/01/2047 |
|
2,530,963 |
|
|
|
10,080,000 |
|
|
|
5.250 |
|
|
06/01/2047 |
|
10,498,320 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-2 (NR/NR) |
|
|
|
14,450,000 |
|
|
|
5.000 |
|
|
06/01/2047 |
|
14,988,696 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB Senior
Asset-Backed Bonds Series 2007 A-2 (B-/B3) |
|
|
|
3,915,000 |
|
|
|
5.300 |
|
|
06/01/2037 |
|
4,081,975 |
| Inland Empire Tobacco Securitization Authority RB Turbo Asset-Backed Bonds Series
2019 (A-/NR) |
|
|
|
1,305,000 |
|
|
|
3.678 |
|
|
06/01/2038 |
|
1,388,781 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 A (NR/NR) |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
779,389 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
802,997 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 B (NR/NR) |
|
|
|
480,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
575,549 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 C (NR/NR) |
|
|
|
430,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
531,213 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 D (NR/NR) |
|
|
|
180,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
205,015 |
|
|
|
175,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
203,145 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2019 A (AA/NR) |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
460,575 |
|
|
|
310,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
403,140 |
|
|
|
360,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
463,630 |
|
|
|
460,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
586,288 |
| Lammersville Joint Unified School District Improvement Community Facilities
District No. 2014-1 Special Tax Bonds Series 2019 (NR/NR) |
|
|
|
775,000 |
|
|
|
5.000 |
|
|
09/01/2043 |
|
874,890 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
09/01/2048 |
|
2,806,625 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Lammersville Joint Unified School District No. 2002 Special Tax Refunding for
Community Facilities Series 2017 (AGM) (AA/NR) |
| $ |
|
|
3,000,000 |
|
|
|
3.500 |
% |
|
09/01/2035 |
|
$ 3,379,470 |
| Los Angeles Department of Airports RB Senior Refunding Series 2018 B (AMT)
(AA-/Aa2) |
|
|
|
2,335,000 |
|
|
|
5.000 |
|
|
05/15/2034 |
|
2,914,827 |
| Los Angeles Department of Airports Subordinated RB Series 2016 B (AMT)
(A+/Aa3) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/15/2029 |
|
1,210,060 |
| Los Angeles Department of Airports Subordinated RB Series 2018 A (AMT)
(A+/Aa3) |
|
|
|
7,000,000 |
|
|
|
5.250 |
|
|
05/15/2048 |
|
8,552,600 |
| Los Angeles Department of Airports Subordinated RB Series 2018 C (AMT)
(A+/Aa3) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
6,282,900 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/15/2035 |
|
1,232,300 |
| Los Angeles Department of Airports Subordinated RB Series 2018 D (AMT)
(A+/Aa3) |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
7,816,260 |
| Los Angeles Unified School District GO Bonds for Qualified School Construction
Series 2010 J-2 (A+/Aa3) |
|
|
|
44,275,000 |
|
|
|
5.720 |
|
|
05/01/2027 |
|
56,291,235 |
| Menifee Union School District Riverside County GO Bonds Capital Appreciation for
Election of 2008 Series 2009 C (ASSURED GTY) (AA/Aa3)(d) |
|
|
|
2,000,000 |
|
|
|
0.000 |
|
|
08/01/2037 |
|
1,429,120 |
|
|
|
4,500,000 |
|
|
|
0.000 |
|
|
08/01/2038 |
|
3,125,745 |
|
|
|
4,500,000 |
|
|
|
0.000 |
|
|
08/01/2039 |
|
3,033,495 |
| Merced City School District GO Bonds Capital Appreciation for Election of 2003
Series 2005 (NATL-RE) (AA-/NR)(d) |
|
|
|
1,205,000 |
|
|
|
0.000 |
|
|
08/01/2026 |
|
1,151,739 |
| Merced-Union High School District Election of 2008 GO Bonds
Series 2011 C
(NR/Aa3)(d) |
|
|
|
2,510,000 |
|
|
|
0.000 |
|
|
08/01/2035 |
|
1,924,191 |
| M-S-R Energy Authority Gas RB Series 2009 A (BBB+/NR) |
|
|
|
1,750,000 |
|
|
|
6.500 |
|
|
11/01/2039 |
|
2,915,255 |
| M-S-R Energy Authority Gas RB Series 2009 C (BBB+/NR) |
|
|
|
3,430,000 |
|
|
|
6.125 |
|
|
11/01/2029 |
|
4,389,234 |
|
|
|
2,000,000 |
|
|
|
6.500 |
|
|
11/01/2039 |
|
3,331,720 |
| Mt. Diablo Unified School District GO Bonds Capital Appreciation for Election of
2010 Series 2010 A (AGM) (AA/Aa3)(a) |
|
|
|
5,000,000 |
|
|
|
0.000 |
|
|
08/01/2035 |
|
5,535,650 |
| Northern California Gas Authority No. 1 RB for Gas Project Series 2007 B
(BBB+/A2)(e) |
|
|
|
(3 Mo. LIBOR + 0.72%), |
|
|
|
|
|
5,125,000 |
|
|
|
0.871 |
|
|
07/01/2027 |
|
5,099,273 |
| Palomar Health RB Refunding for Palomar Health Series 2017 (AGM)
(AA/A2) |
|
|
|
11,335,000 |
|
|
|
5.000 |
|
|
11/01/2047 |
|
13,457,365 |
| Palomar Pomerado Health GO Bonds Capital Appreciation for Election of 2004 Series
2009 A (ASSURED GTY) (AA/A2)(d) |
|
|
|
2,150,000 |
|
|
|
0.000 |
|
|
08/01/2031 |
|
1,789,768 |
|
|
|
4,150,000 |
|
|
|
0.000 |
|
|
08/01/2032 |
|
3,354,030 |
|
|
|
3,500,000 |
|
|
|
0.000 |
|
|
08/01/2033 |
|
2,744,280 |
| Palomar Pomerado Health GO Bonds Capital Appreciation for Election of 2004 Series
2009 A (ASSURED GTY) (AA/A2) |
|
|
|
6,450,000 |
|
|
|
7.000 |
|
|
08/01/2038 |
|
9,329,216 |
| Port of Oakland RB Refunding Senior Lien Series 2012 P (AMT)
(A+/A1) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
05/01/2031 |
|
4,246,440 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Rancho Cordova Community Facilities District No. 2003-1 Special Tax Refunding for
Sunridge Anatolia Series 2016 (NR/NR) |
| $ |
|
|
590,000 |
|
|
|
4.000 |
% |
|
09/01/2023 |
|
$ 636,385 |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
353,805 |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
452,464 |
|
|
|
1,490,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
1,717,240 |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
09/01/2027 |
|
349,518 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
09/01/2028 |
|
568,180 |
|
|
|
1,780,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
2,005,010 |
| River Islands Public Financing Authority Community Facilities District No. 2003-1
Special Tax Refunding Bonds Series 2015 A-1 (NR/NR) |
|
|
|
4,310,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
4,626,182 |
|
|
|
1,000,000 |
|
|
|
5.375 |
|
|
09/01/2031 |
|
1,072,180 |
|
|
|
485,000 |
|
|
|
5.250 |
|
|
09/01/2034 |
|
517,194 |
| Riverside Unified School District Community Facilities District No. 32 Special Tax
Series 2020 (NR/NR) |
|
|
|
195,000 |
|
|
|
4.000 |
|
|
09/01/2027 |
|
222,403 |
|
|
|
205,000 |
|
|
|
4.000 |
|
|
09/01/2028 |
|
235,256 |
|
|
|
210,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
241,002 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
09/01/2030 |
|
251,368 |
|
|
|
545,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
614,117 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
09/01/2037 |
|
560,025 |
|
|
|
370,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
411,777 |
| Roseville California Community Facilities District No. 1 Special Tax Refunding for
Fiddyment Ranch Project Series 2017 (NR/NR) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
890,190 |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
1,308,060 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
1,245,010 |
| Roseville California Community Facilities District No. 5 Special Tax for Fiddyment
Ranch Project Series 2019 (NR/NR) |
|
|
|
35,000 |
|
|
|
4.000 |
|
|
09/01/2021 |
|
35,696 |
|
|
|
50,000 |
|
|
|
4.000 |
|
|
09/01/2022 |
|
52,415 |
|
|
|
85,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
91,195 |
|
|
|
80,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
87,575 |
|
|
|
150,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
168,006 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
326,961 |
|
|
|
210,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
253,403 |
|
|
|
160,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
191,386 |
|
|
|
170,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
202,310 |
|
|
|
110,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
130,287 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
09/01/2031 |
|
117,653 |
|
|
|
185,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
216,481 |
|
|
|
165,000 |
|
|
|
5.000 |
|
|
09/01/2033 |
|
192,279 |
|
|
|
175,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
193,625 |
|
|
|
150,000 |
|
|
|
4.000 |
|
|
09/01/2035 |
|
165,654 |
|
|
|
125,000 |
|
|
|
3.000 |
|
|
09/01/2036 |
|
126,314 |
|
|
|
470,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
539,067 |
|
|
|
250,000 |
|
|
|
3.250 |
|
|
09/01/2041 |
|
253,893 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
09/01/2045 |
|
452,292 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
1,127,010 |
| Sacramento City Unified School District GO RB Refunding Series 2015 (AGM)
(AA/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
1,139,310 |
| Sacramento County Sanitation District Financing Authority RB Refunding for
Sacramento County Regional Series 2007 B
(NATL-RE) (AA/Aa2)(e) |
|
|
|
(3 Mo. LIBOR + 0.53%), |
|
|
|
|
|
13,150,000 |
|
|
|
0.681 |
|
|
12/01/2035 |
|
12,271,580 |
| Sacramento County Water Financing Authority RB for Water Agency Zones 40 & 41
2007 Water System Project Series 2007 B
(NATL-RE) (A+/Aa3)(e) |
|
|
|
(3 Mo. LIBOR + 0.55%), |
|
|
|
|
|
2,375,000 |
|
|
|
0.701 |
|
|
06/01/2034 |
|
2,230,386 |
| San Diego County Regional Airport Authority RB Refunding
Series 2013 B (AMT)
(A/A1) |
|
|
|
3,465,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
3,847,571 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| San Diego Unified School District GO Bonds for Election of 2008
Series 2010 C
(AA-/Aa2)(d) |
| $ |
|
|
5,000,000 |
|
|
|
0.000 |
% |
|
07/01/2039 |
|
$ 3,549,000 |
| San Diego Unified School District GO Bonds for Election of 2012 Series 2013 C
(AA-/Aa2) |
|
|
|
3,500,000 |
|
|
|
4.000 |
|
|
07/01/2042 |
|
3,728,165 |
| San Francisco City & County Airport Commission RB Refunding for San Francisco
International Airport Second Series 2011 C (AMT) (ETM) (A/A1)(g) |
|
|
|
3,800,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
3,858,824 |
| San Francisco City & County Airport Commission RB Refunding for San Francisco
International Airport Second Series 2012 A (AMT) (A/A1) |
|
|
|
4,750,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
5,034,620 |
| San Francisco City & County Airport Commission RB Refunding for San Francisco
International Airport Second Series 2013 A (AMT) (A/A1) |
|
|
|
2,000,000 |
|
|
|
5.500 |
|
|
05/01/2028 |
|
2,232,300 |
| San Francisco City & County Airport Commission RB Unrefunded for San Francisco
International Airport Second Series 2018 A (AMT) (A/NR) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
11,046,200 |
| San Francisco City & County Airport Commission RB Unrefunded for San Francisco
International Airport Second Series 2018 D (AMT) (A/A1) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
05/01/2048 |
|
12,068,400 |
| San Francisco City & County Airport Commission RB Unrefunded for San Francisco
International Airport Second Series 2018 G (AMT) (A/NR) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
05/01/2027 |
|
1,634,438 |
| San Francisco City & County Airport Commission San Francisco International
Airport RB Series 2019 A (AMT) (A/A1) |
|
|
|
9,380,000 |
|
|
|
5.000 |
|
|
05/01/2044 |
|
11,614,785 |
| San Francisco City & County Redevelopment Financing Authority Tax Allocation
for Mission Bay South Redevelopment Series 2016 C (A-/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2033 |
|
1,207,560 |
| San Jacinto Unified School District Financing Authority Special Tax RB Series 2019
(NR/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
588,140 |
|
|
|
1,550,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
1,793,009 |
|
|
|
2,275,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
2,614,248 |
| San Joaquin Hills Transportation Corridor Agency RB Refunding for Capital
Appreciation Series 1997 A (NATL-RE) (BBB/Baa2)(d) |
|
|
|
1,605,000 |
|
|
|
0.000 |
|
|
01/15/2026 |
|
1,466,537 |
| San Joaquin Hills Transportation Corridor Agency RB Refunding for Toll Road Senior
Lien Series 2014 A (A-/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/15/2029 |
|
1,148,320 |
| State of California GO Bonds for Bid Group A Series 2019 (AA-/Aa2) |
|
|
|
15,000,000 |
|
|
|
2.375 |
|
|
10/01/2026 |
|
16,360,350 |
| Stockton Public Financing Authority Wastewater RB Series 2019 (A/NR) |
|
|
|
5,000,000 |
|
|
|
1.400 |
|
|
06/01/2022 |
|
5,018,400 |
| Stockton Unified School District GO Refunding Bonds Series 2016
(A+/A1) |
|
|
|
2,735,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
3,279,621 |
| Tobacco Securitization Authority Northern California Tobacco Settlement RB
Asset-Backed Bonds Series 2005 A-1 (B-/B3) |
|
|
|
1,650,000 |
|
|
|
5.375 |
|
|
06/01/2038 |
|
1,655,577 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp. Series 2019 A-1 (A/NR) |
|
|
|
885,000 |
|
|
|
5.000 |
|
|
06/01/2026 |
|
1,099,267 |
|
|
|
1,180,000 |
|
|
|
5.000 |
|
|
06/01/2027 |
|
1,507,356 |
|
|
|
920,000 |
|
|
|
5.000 |
|
|
06/01/2028 |
|
1,205,320 |
|
|
|
1,780,000 |
|
|
|
5.000 |
|
|
06/01/2029 |
|
2,386,357 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp.
Series 2019 A-1 (A-/NR) |
|
|
|
1,745,000 |
|
|
|
5.000 |
|
|
06/01/2032 |
|
2,329,575 |
|
|
|
870,000 |
|
|
|
5.000 |
|
|
06/01/2034 |
|
1,149,949 |
|
|
|
435,000 |
|
|
|
5.000 |
|
|
06/01/2035 |
|
572,068 |
|
|
|
870,000 |
|
|
|
5.000 |
|
|
06/01/2036 |
|
1,138,230 |
|
|
|
870,000 |
|
|
|
5.000 |
|
|
06/01/2039 |
|
1,123,988 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp.
Series 2019 B-1 (BBB-/NR) |
| $ |
|
|
3,100,000 |
|
|
|
5.000 |
% |
|
06/01/2048 |
|
$ 3,767,399 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp. Series 2019 B-2 (NR/NR)(d) |
|
|
|
7,975,000 |
|
|
|
0.000 |
|
|
06/01/2054 |
|
1,447,383 |
| Transbay Joint Powers Authority Tax Allocation for Transbay Redevelopment Project
Series 2020 A (A-/NR) |
|
|
|
1,265,000 |
|
|
|
5.000 |
|
|
10/01/2028 |
|
1,628,283 |
|
|
|
580,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
759,075 |
|
|
|
490,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
645,394 |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
10/01/2031 |
|
1,343,416 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
10/01/2033 |
|
1,141,008 |
|
|
|
615,000 |
|
|
|
5.000 |
|
|
10/01/2035 |
|
793,313 |
|
|
|
705,000 |
|
|
|
5.000 |
|
|
10/01/2036 |
|
906,200 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
10/01/2037 |
|
1,127,781 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
10/01/2038 |
|
1,124,658 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
1,122,194 |
|
|
|
970,000 |
|
|
|
5.000 |
|
|
10/01/2040 |
|
1,229,970 |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
10/01/2045 |
|
1,186,977 |
|
|
|
995,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
1,236,088 |
| Transbay Joint Powers Authority Tax Allocation for Transbay Redevelopment Project
Series 2020 A (BBB+/NR) |
|
|
|
1,720,000 |
|
|
|
2.400 |
|
|
10/01/2049 |
|
1,748,500 |
| University of California RB Refunding Series 2013 AL-2 (AA/Aa2)(b)(c) |
|
|
|
39,860,000 |
|
|
|
0.060 |
|
|
01/01/2021 |
|
39,860,000 |
| West Contra Costa Unified School District GO Bonds Capital Appreciation for
Election of 2002 Series 2004 C (NATL-RE) (AA-/Baa2)(d) |
|
|
|
1,175,000 |
|
|
|
0.000 |
|
|
08/01/2025 |
|
1,135,955 |
| William S Hart Union High School District Community Facilities Dist No. 2015-1
Special Tax Bonds Series 2017 (NR/NR) |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
09/01/2047 |
|
899,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
767,913,752 |
| |
| Colorado – 4.5% |
| Adams County School District No. 1 GO Taxable Refunding Bonds
Series 2017 B (ST
AID WITHHLDG) (NR/Aa2) |
|
|
|
6,910,000 |
|
|
|
5.250 |
|
|
12/01/2040 |
|
8,518,510 |
| Adams County School District No. 1 GO Taxable Refunding Bonds
Series 2017 B (ST
AID WITHHLDG) (NR/NR)(g) |
|
|
|
325,000 |
|
|
|
5.250 |
|
|
12/01/2026 |
|
417,342 |
| Allison Valley Metropolitan District No. 2 GO Refunding Bonds
Series 2020
(NR/NR) |
|
|
|
1,425,000 |
|
|
|
4.700 |
|
|
12/01/2047 |
|
1,427,736 |
| Belford North Metropolitan District GO Bonds Series 2020 A (NR/NR) |
|
|
|
2,975,000 |
|
|
|
5.500 |
|
|
12/01/2050 |
|
3,085,967 |
| Bella Mesa Metropolitan District GO Convertible Capital Appreciation Bonds Series
2020 A (NR/NR)(a)(f) |
|
|
|
1,855,000 |
|
|
|
0.000 |
|
|
12/01/2049 |
|
1,433,952 |
| Belleview Station Metropolitan District No. 2 GO Refunding & Improvement Bonds
Series 2017 (NR/NR) |
|
|
|
2,054,000 |
|
|
|
4.500 |
|
|
12/01/2029 |
|
2,125,130 |
| Board of Governors of Colorado State University System RB Refunding Series 2017 C
(AA/NR) |
|
|
|
14,305,000 |
|
|
|
5.000 |
|
|
03/01/2043 |
|
17,632,057 |
| Board of Governors of Colorado State University System RB Refunding Series 2017 C
(NR/NR)(g) |
|
|
|
9,555,000 |
|
|
|
5.000 |
|
|
03/01/2028 |
|
12,565,685 |
| Brighton Crossing Metropolitan District No. 4 Limited Tax GO Bonds Series 2017 A
(NR/NR) |
|
|
|
525,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
552,814 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Brighton Crossing Metropolitan District No. 6 GO Bonds Series 2020 A
(NR/NR) |
| $ |
|
|
525,000 |
|
|
|
5.000 |
% |
|
12/01/2035 |
|
$ 552,263 |
|
|
|
515,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
532,989 |
| Broadway Park North Metropolitan District No. 2 GO Bonds Series 2020 (NR/NR)(f) |
|
|
|
1,120,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
1,193,662 |
| Broadway Station Metropolitan District No. 2 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
735,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
786,891 |
|
|
|
500,000 |
|
|
|
5.125 |
|
|
12/01/2048 |
|
531,110 |
| Buffalo Highlands Metropolitan District GO Bonds Series 2018 A
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.250 |
|
|
12/01/2038 |
|
1,055,630 |
| Cherry Creek Colorado School District No. 5 GO Bonds Series 2017 C (ST AID
WITHHLDG) (AA+/Aa1) |
|
|
|
3,510,000 |
|
|
|
6.000 |
|
|
12/15/2029 |
|
4,789,009 |
|
|
|
10,805,000 |
|
|
|
6.000 |
|
|
12/15/2030 |
|
14,687,344 |
| City Center West Residential Metropolitan District No. 2 GO Bonds Senior Series
2019 A (NR/NR) |
|
|
|
1,035,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,080,364 |
| Colorado Educational & Cultural Facilities Authority RB Refunding for Rocky
Mountain Classical Academy Project Series 2019 (NR/Ba1)(f) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
1,575,686 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
2,765,925 |
| Colorado Educational & Cultural Facilities Authority RB Refunding for STEM
School & Academy Project Series 2019 (NR/Baa3) |
|
|
|
380,000 |
|
|
|
4.000 |
|
|
11/01/2029 |
|
405,274 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
434,224 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
752,472 |
| Colorado Educational & Cultural Facilities Authority RB Refunding for West
Ridge Academy Charter School Project Series 2019 A (NR/Aa3) |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
353,532 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
06/01/2054 |
|
380,191 |
| Colorado Health Facilities Authority RB for Parkview Medical Center, Inc. Obligated
Group Series 2020 A (NR/Baa1) |
|
|
|
1,800,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
2,063,106 |
| Colorado Health Facilities Authority RB Refunding for Adventist Health
System/Sunbelt Obligated Group Series 2019 A (AA/Aa2) |
|
|
|
3,900,000 |
|
|
|
4.000 |
|
|
11/15/2043 |
|
4,570,449 |
| Colorado Health Facilities Authority RB Refunding for Adventist Health
System/Sunbelt Obligated Group Series 2019 B (AA/Aa2)(b)(c) |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
11/19/2026 |
|
7,581,660 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2030 |
|
1,296,490 |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
1,085,251 |
|
|
|
2,010,000 |
|
|
|
4.000 |
|
|
08/01/2044 |
|
2,289,129 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 A-2 (BBB+/Baa1) |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
1,085,251 |
|
|
|
2,140,000 |
|
|
|
5.000 |
|
|
08/01/2036 |
|
2,707,335 |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
08/01/2037 |
|
1,078,523 |
|
|
|
1,285,000 |
|
|
|
5.000 |
|
|
08/01/2038 |
|
1,616,723 |
|
|
|
2,575,000 |
|
|
|
5.000 |
|
|
08/01/2039 |
|
3,232,681 |
|
|
|
3,495,000 |
|
|
|
4.000 |
|
|
08/01/2049 |
|
3,938,201 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 B-1 (BBB+/Baa1)(b)(c) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
2,343,140 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 B-2 (BBB+/Baa1)(b)(c) |
|
|
|
4,285,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
5,178,422 |
| Colorado Health Facilities Authority RB Refunding for Evangelical Lutheran Good
Samaritan Society Project Series 2017 (A-/NR)(g) |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
06/01/2027 |
|
1,477,497 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Colorado Health Facilities Authority RB Refunding for Sanford Obligated Group
Series 2019 A (A+/NR) |
| $ |
|
|
1,730,000 |
|
|
|
4.000 |
% |
|
11/01/2039 |
|
$ 2,023,581 |
|
|
|
7,435,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
9,352,933 |
|
|
|
8,285,000 |
|
|
|
5.000 |
|
|
11/01/2044 |
|
10,306,291 |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
2,406,339 |
| Colorado Health Facilities Authority RB Refunding for Sisters of Charity of
Leavenworth Health System, Inc. Obligated Group Series 2019 A (AA-/Aa3) |
|
|
|
1,200,000 |
|
|
|
4.000 |
|
|
01/01/2036 |
|
1,447,932 |
| Colorado Health Facilities Authority Taxable RB Refunding for Sanford Obligated
Group Series 2019 B (A+/NR) |
|
|
|
1,250,000 |
|
|
|
2.496 |
|
|
11/01/2024 |
|
1,326,725 |
|
|
|
2,730,000 |
|
|
|
2.678 |
|
|
11/01/2025 |
|
2,947,936 |
| Copper Ridge Metropolitan District RB Series 2019 (NR/NR) |
|
|
|
3,210,000 |
|
|
|
4.000 |
|
|
12/01/2029 |
|
3,102,048 |
| Cornerstar Metropolitan District GO Refunding Bonds Series 2017 A
(NR/NR) |
|
|
|
242,000 |
|
|
|
3.500 |
|
|
12/01/2021 |
|
244,880 |
|
|
|
500,000 |
|
|
|
4.500 |
|
|
12/01/2027 |
|
525,320 |
| Cottonwood Highlands Metropolitan District No. 1 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
942,300 |
| Creekside Village Metropolitan District GO Bonds Series 2019 A
(NR/NR) |
|
|
|
1,255,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
1,323,824 |
| Creekwalk Marketplace Business Improvement District RB Series 2019 A (NR/NR)(f) |
|
|
|
2,730,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
2,877,584 |
|
|
|
3,105,000 |
|
|
|
5.500 |
|
|
12/01/2039 |
|
3,296,268 |
| Denver City & County Airport RB Refunding Series 2018 A (AMT)
(A/A2) |
|
|
|
11,500,000 |
|
|
|
5.250 |
|
|
12/01/2048 |
|
14,018,385 |
| Denver City & County Airport RB Refunding Series 2019 D (A+/A1)(b)(c) |
|
|
|
7,960,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
8,649,097 |
| Denver City & County Airport RB Series 2013 A (AMT) (A/A2) |
|
|
|
5,000,000 |
|
|
|
5.500 |
|
|
11/15/2029 |
|
5,606,250 |
| Denver Colorado City & County GO Bonds Series 2020 A (AAA/Aaa) |
|
|
|
8,000,000 |
|
|
|
5.000 |
|
|
08/01/2032 |
|
11,055,920 |
| Denver Colorado City & County GO Refunding Bonds Series 2020 B
(AAA/Aaa) |
|
|
|
26,560,000 |
|
|
|
5.000 |
|
|
08/01/2029 |
|
36,228,371 |
| Denver Colorado City & County Special Facilities Airport RB Refunding for
United Air Lines, Inc. Project Series 2017 (AMT) (B/NR) |
|
|
|
23,495,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
24,638,502 |
| Denver Colorado Health and Hospital Authority Healthcare RB Refunding Series 2017 A
(BBB/NR)(f) |
|
|
|
4,995,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
5,876,667 |
|
|
|
5,145,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
6,191,236 |
|
|
|
5,285,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
6,481,947 |
| Denver Convention Center Hotel Authority RB Refunding Series 2016
(BBB-/Baa2) |
|
|
|
640,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
749,574 |
| Denver Health & Hospital Authority COPS Series 2018 (BBB/NR) |
|
|
|
765,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
874,349 |
|
|
|
205,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
241,185 |
| Denver Health & Hospital Authority RB Series 2019 A (BBB/NR) |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
1,109,161 |
|
|
|
1,230,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
1,542,887 |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
4,363,275 |
| Denver Urban Renewal Authority 9th & Colorado Urban Redevelopment Area RB
Series 2018 A (NR/NR)(f) |
|
|
|
5,655,000 |
|
|
|
5.250 |
|
|
12/01/2039 |
|
6,016,101 |
| E-470 Public Highway Authority RB Refunding Series 2010 A
(AGM-CR) (AA/A2)(d) |
|
|
|
1,500,000 |
|
|
|
0.000 |
|
|
09/01/2035 |
|
1,159,275 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| E-470 Public Highway Authority RB Refunding Series 2020 A (A/A2) |
| $ |
|
|
1,545,000 |
|
|
|
5.000 |
% |
|
09/01/2026 |
|
$ 1,926,121 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
1,126,074 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
1,150,292 |
|
|
|
1,145,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
1,522,232 |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
1,459,271 |
|
|
|
1,235,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
1,632,349 |
| E-470 Public Highway Authority RB Series 2004 B (NATL-RE)
(A/A2)(d) |
|
|
|
1,350,000 |
|
|
|
0.000 |
|
|
09/01/2030 |
|
1,169,289 |
| E-470 Public Highway Authority RB Series 2010 A (A/A2)(d) |
|
|
|
6,000,000 |
|
|
|
0.000 |
|
|
09/01/2040 |
|
3,865,140 |
| E-470 Public Highway Authority Senior RB Series 2017 B (A/A2)(b) |
|
|
|
(1 Mo. LIBOR + 1.05%), |
|
|
|
|
|
2,000,000 |
|
|
|
1.148 |
|
|
09/01/2021 |
|
2,001,460 |
| First Creek Village Metropolitan District GO Bonds Series 2019 A
(NR/Ba1) |
|
|
|
470,000 |
|
|
|
3.000 |
|
|
12/01/2029 |
|
493,293 |
| Hunters Overlook Metropolitan District No. 5 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
961,047 |
| Indy Oak TOD Metropolitan District GO Bonds Series 2020 A
(NR/NR)(f) |
|
|
|
1,070,000 |
|
|
|
5.500 |
|
|
12/01/2050 |
|
1,153,909 |
| Lanterns Metropolitan District No. 1 GO Bonds Series 2019 A (NR/NR) |
|
|
|
1,375,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
1,462,257 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,048,270 |
| Mayfield Metropolitan District GO Bonds Series 2020 A (NR/NR) |
|
|
|
1,185,000 |
|
|
|
5.750 |
|
|
12/01/2050 |
|
1,275,735 |
| Mirabelle Metropolitan District No. 2 GO Bonds Series 2020 A (NR/NR) |
|
|
|
1,380,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
1,455,652 |
| North Holly Metropolitan District Limited Tax GO Bonds Series 2018 A
(NR/NR) |
|
|
|
500,000 |
|
|
|
5.500 |
|
|
12/01/2048 |
|
527,640 |
| Northglenn Urban Renewal Authority Tax Allocation for Urban Renewal Plan 2 Series
2019 (BBB-/NR) |
|
|
|
215,000 |
|
|
|
4.000 |
|
|
12/01/2022 |
|
225,597 |
|
|
|
160,000 |
|
|
|
4.000 |
|
|
12/01/2023 |
|
171,952 |
|
|
|
175,000 |
|
|
|
4.000 |
|
|
12/01/2024 |
|
191,609 |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
12/01/2025 |
|
111,397 |
|
|
|
215,000 |
|
|
|
4.000 |
|
|
12/01/2026 |
|
242,284 |
|
|
|
290,000 |
|
|
|
4.000 |
|
|
12/01/2029 |
|
330,119 |
|
|
|
205,000 |
|
|
|
4.000 |
|
|
12/01/2030 |
|
232,929 |
|
|
|
225,000 |
|
|
|
4.000 |
|
|
12/01/2031 |
|
254,599 |
| Palisade Metropolitan District No. 2 GO Refunding Limited Tax Bonds Series 2016
(NR/NR) |
|
|
|
407,000 |
|
|
|
4.375 |
|
|
12/01/2031 |
|
418,030 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2046 |
|
516,250 |
| Pinon Pines Metropolitan District No. 2 GO Bonds Series 2020 (NR/NR) |
|
|
|
925,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
984,811 |
| Pomponio Terrace Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
680,771 |
| Powhaton Road Metropolitan District No. 2 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.625 |
|
|
12/01/2048 |
|
1,060,880 |
| Public Authority Colorado Energy RB for Natural Gas Purchase
Series 2008
(A-/A2) |
|
|
|
2,000,000 |
|
|
|
6.250 |
|
|
11/15/2028 |
|
2,553,380 |
| Raindance Metropolitan District No. 2 GO Bonds Series 2019 A (NR/NR) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
5,260,550 |
| Reata Ridge Village Metropolitan District No. 2 GO Bonds
Series 2019 A
(NR/NR) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
945,486 |
| Regional Transportation District RB Refunding for Denver Transit Partners LLC
Series 2020 A (A-/Baa2) |
|
|
|
220,000 |
|
|
|
5.000 |
|
|
07/15/2026 |
|
269,355 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
01/15/2027 |
|
526,061 |
|
|
|
430,000 |
|
|
|
5.000 |
|
|
07/15/2027 |
|
537,521 |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
01/15/2028 |
|
555,936 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Regional Transportation District Sales Tax Revenue RB Series 2016 A
(AA+/Aa2) |
| $ |
|
|
19,445,000 |
|
|
|
5.000 |
% |
|
11/01/2046 |
|
$ 23,236,386 |
| Ritoro Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
892,678 |
| Second Creek Farm Metropolitan District No. 3 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
2,875,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
3,037,984 |
| Serenity Ridge Metropolitan District No. 2 GO Refunding & Improvement Bonds
Series 2018 A (NR/NR) |
|
|
|
487,000 |
|
|
|
4.500 |
|
|
12/01/2028 |
|
508,521 |
| Sky Ranch Community Authority Board District No. 1 RB Senior Lien Series 2019 A
(NR/NR) |
|
|
|
1,240,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,327,556 |
| South Sloan’s Lake Metropolitan District No. 2 GO Improvement Bonds Series
2019 (AGM) (AA/Baa3) |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
89,778 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
153,360 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
187,764 |
|
|
|
235,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
299,456 |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
226,980 |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
12/01/2030 |
|
357,090 |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
12/01/2031 |
|
355,332 |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
12/01/2032 |
|
441,352 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
12/01/2034 |
|
257,407 |
|
|
|
325,000 |
|
|
|
4.000 |
|
|
12/01/2039 |
|
374,816 |
| South Timnath Metropolitan District No. 1 GO Limited Taxable Bonds Series 2019 A
(NR/NR) |
|
|
|
500,000 |
|
|
|
5.500 |
|
|
12/01/2048 |
|
531,640 |
| Southlands Metropolitan District No. 1 GO Refunding Bonds Series 2017 A-1
(NR/Ba1) |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
12/01/2022 |
|
101,295 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
1,102,970 |
| Southlands Metropolitan District No. 1 GO Refunding Bonds Series 2017 A-2
(NR/Ba1) |
|
|
|
100,000 |
|
|
|
3.500 |
|
|
12/01/2027 |
|
104,786 |
|
|
|
115,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
126,842 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
12/01/2047 |
|
352,589 |
| St. Vrain Lakes Metropolitan District No. 2 Limited Tax GO Bonds
Series 2017 A
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
1,057,770 |
| Sterling Hills West Metropolitan District GO Refunding Bonds
Series 2017
(NR/Baa1) |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
418,975 |
| Sterling Ranch Community Authority Board Limited Tax Special Senior RB Series 2017
A (MUN GOVT GTD) (NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
1,042,890 |
|
|
|
6,920,000 |
|
|
|
5.000 |
|
|
12/01/2047 |
|
7,182,891 |
| Sterling Ranch Community Authority Board RB Refunding for Sterling Ranch Colorado
Metropolitan District No. 2 Series 2020 A (NR/NR) |
|
|
|
1,250,000 |
|
|
|
3.750 |
|
|
12/01/2040 |
|
1,291,488 |
| The Village Metropolitan District GO Refunding Bonds Series 2020
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
4.150 |
|
|
12/01/2030 |
|
1,057,270 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Vauxmont Metropolitan District GO Refunding Bonds Series 2020 (AGM)
(AA/NR) |
| $ |
|
|
195,000 |
|
|
|
5.000 |
% |
|
12/01/2026 |
|
$ 240,121 |
|
|
|
205,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
258,470 |
|
|
|
210,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
270,510 |
|
|
|
210,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
275,654 |
|
|
|
215,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
280,865 |
|
|
|
230,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
299,014 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
323,000 |
|
|
|
255,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
328,121 |
|
|
|
285,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
366,105 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
128,046 |
|
|
|
695,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
856,456 |
| Vauxmont Metropolitan District Limited Tax Convertible to Unlimited Tax GO
Refunding Bonds Series 2019 (AGM) (AA/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
12/15/2021 |
|
103,954 |
|
|
|
105,000 |
|
|
|
5.000 |
|
|
12/15/2022 |
|
113,431 |
|
|
|
115,000 |
|
|
|
5.000 |
|
|
12/15/2023 |
|
128,893 |
|
|
|
130,000 |
|
|
|
5.000 |
|
|
12/15/2024 |
|
150,896 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
12/15/2025 |
|
148,899 |
|
|
|
135,000 |
|
|
|
5.000 |
|
|
12/15/2026 |
|
160,177 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
12/15/2027 |
|
147,709 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
12/15/2028 |
|
147,162 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
12/15/2029 |
|
146,613 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
12/15/2030 |
|
146,278 |
|
|
|
135,000 |
|
|
|
5.000 |
|
|
12/15/2031 |
|
157,607 |
|
|
|
160,000 |
|
|
|
5.000 |
|
|
12/15/2032 |
|
186,221 |
|
|
|
1,045,000 |
|
|
|
3.250 |
|
|
12/15/2050 |
|
1,124,138 |
| Wild Plum Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
595,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
635,067 |
| Wildwing Metropolitan District No. 5 GO Refunding & Improvement Bonds Series
2018 A (NR/NR) |
|
|
|
1,250,000 |
|
|
|
5.375 |
|
|
12/01/2048 |
|
1,323,313 |
| Willow Bend Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
635,442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
393,605,336 |
| |
| Connecticut – 1.6% |
| City of New Haven GO Bonds Series 2018 A (BBB+/NR) |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
521,536 |
|
|
|
965,000 |
|
|
|
5.000 |
|
|
08/01/2027 |
|
1,136,973 |
|
|
|
1,165,000 |
|
|
|
5.000 |
|
|
08/01/2028 |
|
1,392,338 |
|
|
|
750,000 |
|
|
|
5.500 |
|
|
08/01/2029 |
|
916,432 |
|
|
|
350,000 |
|
|
|
5.500 |
|
|
08/01/2030 |
|
425,551 |
|
|
|
525,000 |
|
|
|
5.500 |
|
|
08/01/2031 |
|
635,765 |
|
|
|
500,000 |
|
|
|
5.500 |
|
|
08/01/2032 |
|
602,555 |
|
|
|
405,000 |
|
|
|
5.500 |
|
|
08/01/2033 |
|
486,045 |
| City of New Haven GO Refunding Bonds Series 2019 B (AGM) (AA/A2) |
|
|
|
1,350,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
1,519,047 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
02/01/2026 |
|
1,677,242 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
02/01/2027 |
|
733,974 |
|
|
|
1,050,000 |
|
|
|
5.000 |
|
|
02/01/2028 |
|
1,308,563 |
| Connecticut State GO Bonds Series 2018 C (A/A1) |
|
|
|
680,000 |
|
|
|
5.000 |
|
|
06/15/2028 |
|
886,768 |
| Connecticut State GO Refunding Bonds Series 2017 B (A/A1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
04/15/2028 |
|
6,494,150 |
| Connecticut State Health & Educational Facilities Authority RB for McLean
Affiliates Obligated Group Series 2020 A (BB+/NR)(f) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
446,036 |
| Connecticut State Health & Educational Facilities Authority RB for McLean
Affiliates Obligated Group Series 2020 B-1 (BB+/NR)(f) |
|
|
|
650,000 |
|
|
|
3.250 |
|
|
01/01/2027 |
|
658,385 |
| Connecticut State Health & Educational Facilities Authority RB for McLean
Affiliates Obligated Group Series 2020 B-2 (BB+/NR)(f) |
|
|
|
550,000 |
|
|
|
2.750 |
|
|
01/01/2026 |
|
555,214 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Connecticut – (continued) |
| Connecticut State Health & Educational Facilities Authority RB for Yale New
Haven Health System Series 2014 B (AA-/Aa3)(b)(c) |
| $ |
|
|
2,290,000 |
|
|
|
1.800 |
% |
|
07/01/2024 |
|
$ 2,387,233 |
| Connecticut State Health & Educational Facilities Authority RB Refunding for
The University of Hartford Series 2019 (BBB-/NR) |
|
|
|
390,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
438,582 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
658,657 |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
511,377 |
|
|
|
530,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
623,508 |
|
|
|
485,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
576,718 |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
1,031,572 |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
754,379 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
668,495 |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
549,585 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
519,345 |
|
|
|
870,000 |
|
|
|
4.000 |
|
|
07/01/2039 |
|
919,886 |
| Great Pond Improvement District RB for Great Pond Phase 1 Project Series 2019
(NR/NR)(f) |
|
|
|
3,675,000 |
|
|
|
4.750 |
|
|
10/01/2048 |
|
3,736,630 |
| Hartford County Metropolitan District GO Bonds Series 2016 C (AGM)
(AA/Aa3) |
|
|
|
5,540,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
6,896,414 |
| Mohegan Tribal Finance Authority Tribal RB Economic Development Bonds Series 2015
(CCC+/NR)(f) |
|
|
|
3,750,000 |
|
|
|
7.000 |
|
|
02/01/2045 |
|
3,741,075 |
| State of Connecticut GO Bonds Series 2018 (A/A1) |
|
|
|
1,770,000 |
|
|
|
5.000 |
|
|
06/15/2027 |
|
2,257,688 |
|
|
|
755,000 |
|
|
|
5.000 |
|
|
06/15/2029 |
|
977,521 |
| State of Connecticut GO Bonds Series 2018 C (A/A1) |
|
|
|
165,000 |
|
|
|
5.000 |
|
|
06/15/2032 |
|
210,223 |
| State of Connecticut GO Unlimited Bonds Series 2019 A (A/A1) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
04/15/2025 |
|
1,789,875 |
|
|
|
6,395,000 |
|
|
|
5.000 |
|
|
04/15/2026 |
|
7,891,878 |
|
|
|
1,350,000 |
|
|
|
5.000 |
|
|
04/15/2028 |
|
1,753,420 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/15/2035 |
|
1,288,650 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/15/2036 |
|
1,284,540 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/15/2039 |
|
1,274,420 |
| State of Connecticut Special Tax Obligation RB for Transportation Infrastructure
Purpose Build America Bonds Series 2010 B (A+/A1) |
|
|
|
3,220,000 |
|
|
|
4.576 |
|
|
11/01/2022 |
|
3,411,332 |
| State of Connecticut Special Tax Obligation RB Refunding for Transportation
Infrastructure Purposes Series 2013 A (A+/A1) |
|
|
|
1,035,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
1,156,882 |
| State of Connecticut State Revolving Fund RB Series 2017 A (AAA/Aaa) |
|
|
|
9,655,000 |
|
|
|
5.000 |
|
|
05/01/2036 |
|
12,004,255 |
| State of Connecticut State Revolving Fund RB Series 2019 A (AAA/Aaa) |
|
|
|
6,910,000 |
|
|
|
5.000 |
|
|
02/01/2032 |
|
9,157,616 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
02/01/2033 |
|
5,267,440 |
|
|
|
14,215,000 |
|
|
|
5.000 |
|
|
02/01/2036 |
|
18,530,816 |
|
|
|
8,640,000 |
|
|
|
5.000 |
|
|
02/01/2037 |
|
11,227,939 |
|
|
|
6,295,000 |
|
|
|
5.000 |
|
|
02/01/2039 |
|
8,140,316 |
| University of Connecticut RB Refunding Series 2010 A (A+/A1) |
|
|
|
2,775,000 |
|
|
|
5.000 |
|
|
02/15/2021 |
|
2,784,518 |
| West Haven GO Bonds Series 2017 A (BBB/Baa3) |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
373,067 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
380,845 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
11/01/2027 |
|
386,838 |
| West Haven GO Bonds Series 2017 B (BBB/Baa3) |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
721,697 |
|
|
|
240,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
281,239 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
136,963,045 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Delaware – 0.2% |
| Delaware Health Facilities Authority RB for Beebee Medical Center Project Series
2018 (BBB/NR) |
| $ |
|
700,000 |
|
|
5.000 |
% |
|
|
06/01/2025 |
|
|
$ 814,541 |
|
|
760,000 |
|
|
5.000 |
|
|
|
06/01/2026 |
|
|
909,195 |
|
|
725,000 |
|
|
5.000 |
|
|
|
06/01/2027 |
|
|
887,074 |
|
|
600,000 |
|
|
5.000 |
|
|
|
06/01/2029 |
|
|
753,252 |
| Delaware State Economic Development Authority RB for First State Montessori
Academy, Inc. Series 2019 A (BBB-/NR) |
|
|
460,000 |
|
|
4.000 |
|
|
|
08/01/2029 |
|
|
506,175 |
|
|
615,000 |
|
|
5.000 |
|
|
|
08/01/2039 |
|
|
715,700 |
| Delaware State Economic Development Authority RB for Newark Charter School, Inc.
Series 2020 (BBB+/NR) |
|
|
530,000 |
|
|
4.000 |
|
|
|
09/01/2030 |
|
|
619,962 |
|
|
1,550,000 |
|
|
5.000 |
|
|
|
09/01/2040 |
|
|
1,895,449 |
| Town of Bridgeville Special Tax Refunding for Heritage Shores Special Development
District Series 2020 (NR/Baa3) |
|
|
505,000 |
|
|
4.000 |
|
|
|
07/01/2023 |
|
|
534,219 |
|
|
550,000 |
|
|
4.000 |
|
|
|
07/01/2024 |
|
|
591,993 |
|
|
570,000 |
|
|
4.000 |
|
|
|
07/01/2025 |
|
|
623,614 |
|
|
620,000 |
|
|
4.000 |
|
|
|
07/01/2026 |
|
|
685,050 |
|
|
675,000 |
|
|
4.000 |
|
|
|
07/01/2027 |
|
|
752,207 |
|
|
2,255,000 |
|
|
4.000 |
|
|
|
07/01/2030 |
|
|
2,502,464 |
| University of Delaware RB Series 2015 (AA+/Aa1)(g) |
|
|
1,805,000 |
|
|
5.000 |
|
|
|
05/01/2025 |
|
|
2,173,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,964,241 |
| |
| District of Columbia – 0.9% |
| District of Columbia GO Refunding Bonds Series 2017 A (AA+/Aaa) |
|
|
10,000,000 |
|
|
5.000 |
|
|
|
06/01/2035 |
|
|
12,564,300 |
|
|
1,300,000 |
|
|
4.000 |
|
|
|
06/01/2037 |
|
|
1,526,200 |
| District of Columbia RB for International School Series 2019 (BBB/NR) |
|
|
860,000 |
|
|
5.000 |
|
|
|
07/01/2039 |
|
|
1,021,895 |
| District of Columbia RB for KIPP DC Obligated Group Series 2019
(BBB+/NR) |
|
|
1,275,000 |
|
|
4.000 |
|
|
|
07/01/2039 |
|
|
1,428,484 |
|
|
550,000 |
|
|
4.000 |
|
|
|
07/01/2044 |
|
|
608,361 |
| District of Columbia RB Refunding for National Public Radio, Inc. Series 2020
(A+/A2) |
|
|
1,000,000 |
|
|
2.246 |
|
|
|
04/01/2027 |
|
|
1,050,930 |
|
|
1,000,000 |
|
|
2.412 |
|
|
|
04/01/2028 |
|
|
1,047,120 |
|
|
1,250,000 |
|
|
2.532 |
|
|
|
04/01/2029 |
|
|
1,311,525 |
|
|
1,150,000 |
|
|
2.582 |
|
|
|
04/01/2030 |
|
|
1,211,122 |
| District of Columbia Tobacco Settlement Financing Corp. RB Asset-Backed Bonds
Series 2001 (A-/Baa1) |
|
|
485,000 |
|
|
6.500 |
|
|
|
05/15/2033 |
|
|
538,379 |
| District of Columbia Water & Sewer Authority RB Refunding Subordinate Lien
Series 2012 C (AA+/Aa2) |
|
|
5,000,000 |
|
|
5.000 |
|
|
|
10/01/2030 |
|
|
5,388,050 |
| District of Columbia Water & Sewer Authority RB Refunding Subordinate Lien
Series 2019 C (AA+/Aa2)(b)(c) |
|
|
6,390,000 |
|
|
1.750 |
|
|
|
10/01/2024 |
|
|
6,689,691 |
| Metropolitan Washington Airports Authority Dulles Toll Road RB Refunding First
Senior Lien for Dulles Metrorail and Capital Improvement Project Series 2019 A (A/A2) |
|
|
1,060,000 |
|
|
5.000 |
|
|
|
10/01/2031 |
|
|
1,346,688 |
|
|
850,000 |
|
|
5.000 |
|
|
|
10/01/2033 |
|
|
1,068,509 |
|
|
850,000 |
|
|
5.000 |
|
|
|
10/01/2034 |
|
|
1,065,823 |
|
|
850,000 |
|
|
5.000 |
|
|
|
10/01/2035 |
|
|
1,063,087 |
|
|
1,375,000 |
|
|
5.000 |
|
|
|
10/01/2036 |
|
|
1,714,474 |
|
|
850,000 |
|
|
5.000 |
|
|
|
10/01/2037 |
|
|
1,057,145 |
|
|
850,000 |
|
|
5.000 |
|
|
|
10/01/2038 |
|
|
1,054,629 |
|
|
1,275,000 |
|
|
5.000 |
|
|
|
10/01/2039 |
|
|
1,578,960 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| District of Columbia – (continued) |
| Metropolitan Washington Airports Authority Dulles Toll Road RB
Series 2019 B
(A-/Baa2) |
| $ |
|
695,000 |
|
|
4.000 |
% |
|
|
10/01/2044 |
|
|
$ 787,477 |
|
|
925,000 |
|
|
5.000 |
|
|
|
10/01/2047 |
|
|
1,129,554 |
|
|
1,390,000 |
|
|
4.000 |
|
|
|
10/01/2049 |
|
|
1,561,943 |
|
|
2,710,000 |
|
|
4.000 |
|
|
|
10/01/2053 |
|
|
3,031,298 |
| Metropolitan Washington Airports Authority Dulles Toll Road RB
Series 2019 B
(AGM) (AA/A2) |
|
|
2,130,000 |
|
|
3.000 |
|
|
|
10/01/2050 |
|
|
2,201,270 |
|
|
3,260,000 |
|
|
4.000 |
|
|
|
10/01/2053 |
|
|
3,684,778 |
| Metropolitan Washington Airports Authority RB Refunding Series 2012 A (AMT)
(A+/Aa3) |
|
|
3,400,000 |
|
|
5.000 |
|
|
|
10/01/2029 |
|
|
3,633,784 |
| Metropolitan Washington Airports Authority RB Refunding Series 2016 A (AMT)
(A+/Aa3) |
|
|
1,325,000 |
|
|
5.000 |
|
|
|
10/01/2032 |
|
|
1,601,527 |
| Metropolitan Washington Airports Authority RB Refunding Series 2017 A (AMT)
(A+/Aa3) |
|
|
9,155,000 |
|
|
5.000 |
|
|
|
10/01/2024 |
|
|
10,676,286 |
| Metropolitan Washington Airports Authority RB Refunding Series 2018 A (AMT)
(A+/Aa3) |
|
|
6,375,000 |
|
|
5.000 |
|
|
|
10/01/2034 |
|
|
7,998,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80,642,257 |
| |
| Florida – 10.5% |
| Aberdeen Community Development District Special Assessment Refunding Series 2020
A-1 (AGM) (AA/NR) |
|
|
7,245,000 |
|
|
3.250 |
|
|
|
05/01/2036 |
|
|
7,665,500 |
| Aberdeen Community Development District Special Assessment Refunding Series 2020
A-2 (NR/NR) |
|
|
1,165,000 |
|
|
4.000 |
|
|
|
05/01/2025 |
|
|
1,199,903 |
| Aberdeen Community Development District Special Assessment
Series 2018
(NR/NR) |
|
|
145,000 |
|
|
4.000 |
|
|
|
05/01/2024 |
|
|
148,474 |
|
|
215,000 |
|
|
4.500 |
|
|
|
05/01/2029 |
|
|
232,045 |
| Academical Village Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
635,000 |
|
|
2.875 |
|
|
|
05/01/2025 |
|
|
648,398 |
|
|
3,400,000 |
|
|
3.250 |
|
|
|
05/01/2031 |
|
|
3,527,534 |
|
|
1,420,000 |
|
|
3.625 |
|
|
|
05/01/2040 |
|
|
1,468,550 |
|
|
1,725,000 |
|
|
4.000 |
|
|
|
05/01/2051 |
|
|
1,799,572 |
| Alta Lakes Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
375,000 |
|
|
3.500 |
|
|
|
05/01/2024 |
|
|
385,057 |
| Anthem Park Community Development District Special Assessment RB Refunding Senior
Series 2016 A-1 (A-/NR) |
|
|
360,000 |
|
|
2.500 |
|
|
|
05/01/2024 |
|
|
374,436 |
|
|
370,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
395,611 |
|
|
380,000 |
|
|
3.000 |
|
|
|
05/01/2026 |
|
|
409,754 |
|
|
395,000 |
|
|
3.125 |
|
|
|
05/01/2027 |
|
|
422,970 |
| Anthem Park Community Development District Special Assessment RB Refunding
Subordinate Series 2016 A-2 (NR/NR) |
|
|
270,000 |
|
|
4.250 |
|
|
|
05/01/2027 |
|
|
276,124 |
|
|
365,000 |
|
|
4.750 |
|
|
|
05/01/2036 |
|
|
376,220 |
| Arborwood Community Development District RB Capital Improvement Refunding
Subordinate Lien Series 2018 A-2 (NR/NR) |
|
|
585,000 |
|
|
4.125 |
|
|
|
05/01/2023 |
|
|
594,015 |
| Arlington Ridge Community Development District Special Assessment RB Series 2019
(NR/NR) |
|
|
450,000 |
|
|
3.600 |
|
|
|
05/01/2029 |
|
|
465,682 |
|
|
465,000 |
|
|
4.000 |
|
|
|
05/01/2036 |
|
|
490,236 |
| Armstrong Community Development District Special Assessment for Assessment Area Two
Project Series 2019 A (NR/NR) |
|
|
290,000 |
|
|
3.125 |
|
|
|
11/01/2024 |
|
|
294,069 |
|
|
1,045,000 |
|
|
3.500 |
|
|
|
11/01/2030 |
|
|
1,084,929 |
|
|
1,805,000 |
|
|
4.000 |
|
|
|
11/01/2040 |
|
|
1,872,236 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Artisan Lakes East Community Development District RB for Capital Improvement Series
2018 (NR/NR)(f) |
| $ |
|
410,000 |
|
|
4.200 |
% |
|
|
05/01/2024 |
|
|
$ 419,766 |
|
|
630,000 |
|
|
4.550 |
|
|
|
05/01/2029 |
|
|
680,123 |
| Avalon Groves Community Development District Special Assessment for Assessment Area
One Phase 1 Project 1 & 2 Series 2019 (NR/NR) |
|
|
135,000 |
|
|
3.350 |
|
|
|
11/01/2024 |
|
|
138,083 |
|
|
200,000 |
|
|
3.700 |
|
|
|
11/01/2029 |
|
|
212,688 |
|
|
695,000 |
|
|
4.125 |
|
|
|
11/01/2039 |
|
|
739,362 |
| Avalon Groves Community Development District Special Assessment for Assessment Area
One Project Series 2017 (NR/NR) |
|
|
170,000 |
|
|
5.000 |
|
|
|
05/01/2028 |
|
|
181,310 |
| Avalon Groves Community Development District Special Assessment for Assessment Area
Two Project Series 2017 A-1 (NR/NR) |
|
|
505,000 |
|
|
5.375 |
|
|
|
05/01/2028 |
|
|
545,981 |
| Avalon Park West Community Development District Special Assessment Refunding Series
2020 (NR/NR) |
|
|
440,000 |
|
|
2.500 |
|
|
|
05/01/2025 |
|
|
444,242 |
|
|
320,000 |
|
|
3.250 |
|
|
|
05/01/2030 |
|
|
328,454 |
| Avelar Creek Community Development District Special Assessment Refunding Series
2016 (A-/NR) |
|
|
170,000 |
|
|
2.250 |
|
|
|
05/01/2022 |
|
|
173,325 |
|
|
175,000 |
|
|
2.500 |
|
|
|
05/01/2023 |
|
|
182,140 |
|
|
180,000 |
|
|
2.500 |
|
|
|
05/01/2024 |
|
|
189,322 |
|
|
185,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
200,727 |
|
|
190,000 |
|
|
3.000 |
|
|
|
05/01/2026 |
|
|
208,969 |
|
|
1,070,000 |
|
|
3.625 |
|
|
|
05/01/2031 |
|
|
1,185,539 |
| Aviary at Rutland Ranch Community Development District Special Assessment Refunding
for Area 1 Project Series 2019 (NR/NR)(f) |
|
|
125,000 |
|
|
3.625 |
|
|
|
06/01/2024 |
|
|
128,190 |
|
|
450,000 |
|
|
4.000 |
|
|
|
06/01/2030 |
|
|
485,721 |
| Babcock Ranch Community Independent Special District Special Assessment Area 2C
Series 2020 (NR/NR) |
|
|
410,000 |
|
|
2.500 |
|
|
|
05/01/2025 |
|
|
414,616 |
|
|
285,000 |
|
|
3.000 |
|
|
|
05/01/2030 |
|
|
291,837 |
|
|
775,000 |
|
|
4.000 |
|
|
|
05/01/2040 |
|
|
829,816 |
| Babcock Ranch Community Independent Special District Special Assessment Area 3A
Series 2020 (NR/NR) |
|
|
750,000 |
|
|
2.500 |
|
|
|
05/01/2025 |
|
|
757,275 |
|
|
250,000 |
|
|
3.000 |
|
|
|
05/01/2030 |
|
|
256,003 |
|
|
840,000 |
|
|
4.000 |
|
|
|
05/01/2040 |
|
|
899,413 |
| Babcock Ranch Community Independent Special District Special Assessment Area 3B
Series 2020 (NR/NR) |
|
|
205,000 |
|
|
2.500 |
|
|
|
05/01/2025 |
|
|
207,321 |
|
|
145,000 |
|
|
3.000 |
|
|
|
05/01/2030 |
|
|
148,474 |
|
|
385,000 |
|
|
4.000 |
|
|
|
05/01/2040 |
|
|
412,231 |
| Babcock Ranch Community Independent Special District Special Assessment RB Series
2015 (NR/NR) |
|
|
215,000 |
|
|
5.000 |
|
|
|
11/01/2031 |
|
|
231,162 |
|
|
100,000 |
|
|
5.250 |
|
|
|
11/01/2046 |
|
|
107,698 |
| Babcock Ranch Community Independent Special District Special Assessment RB Series
2018 (NR/NR)(f) |
|
|
250,000 |
|
|
4.000 |
|
|
|
11/01/2024 |
|
|
258,674 |
|
|
370,000 |
|
|
4.500 |
|
|
|
11/01/2029 |
|
|
409,058 |
| Bannon Lakes Community Development District Special Assessment RB Series 2016
(NR/NR) |
|
|
75,000 |
|
|
4.500 |
|
|
|
11/01/2025 |
|
|
79,232 |
|
|
175,000 |
|
|
5.000 |
|
|
|
11/01/2036 |
|
|
197,025 |
|
|
310,000 |
|
|
5.000 |
|
|
|
11/01/2048 |
|
|
345,607 |
| Bartram Park Community Development District Special Assessment RB Refunding for
City of Jacksonville Florida Senior Lien Series 2015 A-1 (A-/NR) |
|
|
530,000 |
|
|
4.250 |
|
|
|
05/01/2029 |
|
|
592,768 |
|
|
465,000 |
|
|
4.500 |
|
|
|
05/01/2035 |
|
|
513,890 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Bartram Park Community Development District Special Assessment RB Refunding for
City of Jacksonville Subordinate Lien Series 2015 A-2 (NR/NR) |
| $ |
|
735,000 |
|
|
4.500 |
% |
|
|
05/01/2025 |
|
|
$ 770,971 |
| Bay Laurel Center Community Development District Special Assessment RB Refunding
Series 2016 Candler (BBB+/NR) |
|
|
130,000 |
|
|
2.500 |
|
|
|
05/01/2023 |
|
|
134,967 |
|
|
135,000 |
|
|
2.750 |
|
|
|
05/01/2024 |
|
|
142,957 |
|
|
90,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
97,254 |
| Baywinds Community Development District Senior Special Assessment Refunding Bonds
Series 2017 A-1 (A+/NR) |
|
|
315,000 |
|
|
3.500 |
|
|
|
05/01/2023 |
|
|
334,341 |
|
|
325,000 |
|
|
3.500 |
|
|
|
05/01/2024 |
|
|
352,667 |
|
|
340,000 |
|
|
3.500 |
|
|
|
05/01/2025 |
|
|
376,536 |
|
|
350,000 |
|
|
3.500 |
|
|
|
05/01/2026 |
|
|
394,170 |
|
|
365,000 |
|
|
3.500 |
|
|
|
05/01/2027 |
|
|
415,571 |
| Bellagio Community Development District Special Assessment Bonds Series 2016
(BBB/NR) |
|
|
155,000 |
|
|
2.500 |
|
|
|
11/01/2022 |
|
|
156,406 |
|
|
160,000 |
|
|
2.750 |
|
|
|
11/01/2023 |
|
|
162,938 |
|
|
170,000 |
|
|
3.000 |
|
|
|
11/01/2025 |
|
|
175,676 |
| Belmond Reserve Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
830,000 |
|
|
2.625 |
|
|
|
05/01/2025 |
|
|
837,943 |
|
|
1,075,000 |
|
|
3.250 |
|
|
|
05/01/2030 |
|
|
1,104,251 |
| Belmont II Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
305,000 |
|
|
2.500 |
|
|
|
12/15/2025 |
|
|
308,562 |
|
|
325,000 |
|
|
3.125 |
|
|
|
12/15/2030 |
|
|
334,295 |
| Black Creek Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
125,000 |
|
|
3.000 |
|
|
|
06/15/2025 |
|
|
126,961 |
|
|
465,000 |
|
|
3.250 |
|
|
|
06/15/2030 |
|
|
478,188 |
| Blue Lake Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
315,000 |
|
|
3.500 |
|
|
|
06/15/2024 |
|
|
322,806 |
|
|
1,000,000 |
|
|
4.000 |
|
|
|
06/15/2032 |
|
|
1,076,730 |
| Botaniko Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
400,000 |
|
|
2.875 |
|
|
|
05/01/2025 |
|
|
408,016 |
|
|
1,130,000 |
|
|
3.250 |
|
|
|
05/01/2031 |
|
|
1,169,109 |
|
|
500,000 |
|
|
3.625 |
|
|
|
05/01/2040 |
|
|
514,555 |
| Campo Bello Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
205,000 |
|
|
3.250 |
|
|
|
12/15/2024 |
|
|
209,455 |
|
|
1,280,000 |
|
|
3.500 |
|
|
|
12/15/2030 |
|
|
1,331,699 |
| Capital Trust Agency Student Housing RB for American Eagle Obligated Group Series
2018 A-1 (NR/NR) |
|
|
20,590,000 |
|
|
5.875 |
|
|
|
07/01/2054 |
|
|
16,497,737 |
| Capital Trust Agency Student Housing RB for University Bridge LLC Series 2018 A
(NR/Ba2)(f) |
|
|
26,290,000 |
|
|
5.250 |
|
|
|
12/01/2058 |
|
|
27,881,071 |
| Capital Trust Agency, Inc. RB for Imagine-Pasco County LLC
Series 2020 A
(NR/Ba1)(f) |
|
|
425,000 |
|
|
3.000 |
|
|
|
12/15/2029 |
|
|
426,653 |
|
|
645,000 |
|
|
5.000 |
|
|
|
12/15/2039 |
|
|
733,198 |
| Capital Trust Agency, Inc. RB for University Bridge LLC Series 2018 A (NR/Ba2)(f) |
|
|
900,000 |
|
|
4.000 |
|
|
|
12/01/2028 |
|
|
927,684 |
|
|
1,375,000 |
|
|
5.250 |
|
|
|
12/01/2043 |
|
|
1,475,994 |
| Capital Trust Agency, Inc. RB for WFCS Holdings LLC Series 2020 A-1 (NR/NR)(f) |
|
|
880,000 |
|
|
4.500 |
|
|
|
01/01/2035 |
|
|
889,486 |
| Caribe Palm Community Development District Special Assessment Refunding Series 2017
(A-/NR) |
|
|
558,000 |
|
|
4.250 |
|
|
|
05/01/2031 |
|
|
621,584 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Central Florida Expressway Authority RB Senior Lien Series 2019 A
(A+/A1) |
| $ |
|
1,100,000 |
|
|
5.000 |
% |
|
|
07/01/2024 |
|
|
$ 1,274,097 |
|
|
1,250,000 |
|
|
5.000 |
|
|
|
07/01/2025 |
|
|
1,503,150 |
| Central Florida Expressway Authority RB Senior Lien Series 2019 B
(A+/A1) |
|
|
5,000,000 |
|
|
5.000 |
|
|
|
07/01/2024 |
|
|
5,791,350 |
|
|
1,850,000 |
|
|
5.000 |
|
|
|
07/01/2025 |
|
|
2,224,662 |
| Century Gardens at Tamiami Community Development District Special Assessment Bonds
Series 2018 (BBB/NR) |
|
|
110,000 |
|
|
3.500 |
|
|
|
11/01/2025 |
|
|
120,438 |
|
|
115,000 |
|
|
3.500 |
|
|
|
11/01/2026 |
|
|
128,724 |
| Century Gardens at Tamiami Community Development District Special Assessment
Refunding Series 2016 (BBB/NR) |
|
|
235,000 |
|
|
2.500 |
|
|
|
05/01/2023 |
|
|
242,877 |
|
|
245,000 |
|
|
2.500 |
|
|
|
05/01/2024 |
|
|
255,067 |
|
|
250,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
267,848 |
|
|
255,000 |
|
|
3.000 |
|
|
|
05/01/2026 |
|
|
276,328 |
|
|
600,000 |
|
|
4.250 |
|
|
|
05/01/2037 |
|
|
658,302 |
| Century Gardens Community Development District Special Assessment Bonds Series 2019
(NR/NR)(f) |
|
|
127,000 |
|
|
3.875 |
|
|
|
11/01/2024 |
|
|
130,895 |
|
|
189,000 |
|
|
4.200 |
|
|
|
11/01/2029 |
|
|
204,636 |
|
|
750,000 |
|
|
5.000 |
|
|
|
11/01/2049 |
|
|
823,373 |
| Century Park South Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
150,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
152,703 |
|
|
655,000 |
|
|
3.375 |
|
|
|
05/01/2031 |
|
|
677,781 |
|
|
630,000 |
|
|
3.750 |
|
|
|
05/01/2040 |
|
|
653,644 |
| Chapel Crossings Community Development District Special Assessment Series 2020
(NR/NR)(f) |
|
|
490,000 |
|
|
2.625 |
|
|
|
05/01/2025 |
|
|
492,749 |
|
|
595,000 |
|
|
3.200 |
|
|
|
05/01/2030 |
|
|
604,395 |
| Charles Cove Community Development District Special Assessment bond Series 2020
(NR/NR) |
|
|
300,000 |
|
|
3.250 |
|
|
|
05/01/2025 |
|
|
305,658 |
|
|
360,000 |
|
|
3.750 |
|
|
|
05/01/2030 |
|
|
379,764 |
|
|
975,000 |
|
|
4.250 |
|
|
|
05/01/2040 |
|
|
1,039,096 |
| Charlotte County Industrial Development Authority Utility System RB for Town &
Country Utilities Project Series 2015 (AMT) (NR/NR)(f) |
|
|
1,350,000 |
|
|
5.500 |
|
|
|
10/01/2036 |
|
|
1,497,001 |
| Charlotte County Industrial Development Authority Utility System RB for Town &
Country Utilities Project Series 2019 (NR/NR)(f) |
|
|
1,000,000 |
|
|
5.000 |
|
|
|
10/01/2029 |
|
|
1,137,640 |
|
|
1,000,000 |
|
|
5.000 |
|
|
|
10/01/2034 |
|
|
1,136,790 |
| City of Cape Coral Water & Sewer RB Refunding Series 2015
(A+/A1) |
|
|
1,000,000 |
|
|
4.000 |
|
|
|
10/01/2034 |
|
|
1,118,270 |
| City of Pompano Beach RB Refunding for John Knox Village of Florida, Inc. Obligated
Group Series 2020 (A-/NR) |
|
|
1,300,000 |
|
|
3.250 |
|
|
|
09/01/2025 |
|
|
1,418,339 |
| City of Tampa RB for H Lee Moffitt Cancer Center & Research Institute Obligated
Group Series 2020 B (A-/A2) |
|
|
900,000 |
|
|
4.000 |
|
|
|
07/01/2038 |
|
|
1,059,840 |
|
|
750,000 |
|
|
5.000 |
|
|
|
07/01/2040 |
|
|
947,738 |
|
|
1,420,000 |
|
|
4.000 |
|
|
|
07/01/2045 |
|
|
1,638,211 |
|
|
1,660,000 |
|
|
5.000 |
|
|
|
07/01/2050 |
|
|
2,066,551 |
| City of Venice RB for Southwest Florida Retirement Center, Inc. Obligated Group
Project Series 2019 (BBB-/NR) |
|
|
415,000 |
|
|
5.000 |
|
|
|
01/01/2037 |
|
|
456,766 |
|
|
1,485,000 |
|
|
5.000 |
|
|
|
01/01/2047 |
|
|
1,612,873 |
|
|
1,395,000 |
|
|
5.000 |
|
|
|
01/01/2052 |
|
|
1,508,441 |
| City of West Palm Beach Utility System RB Series 2017 A
(AA+/Aa2) |
|
|
15,000,000 |
|
|
5.000 |
|
|
|
10/01/2042 |
|
|
18,451,800 |
| CityPlace Community Development District Special Assessment Convertible Capital
Appreciation RB Series 2018 (AGM) (AA/A2)(a) |
|
|
5,000,000 |
|
|
0.000 |
|
|
|
05/01/2038 |
|
|
5,620,650 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Coco Palms Community Development District Special Assessment Bonds Expansion Area
Project Series 2019 (NR/NR)(f) |
| $ |
|
200,000 |
|
|
3.625 |
% |
|
|
06/15/2024 |
|
|
$ 205,904 |
|
|
295,000 |
|
|
4.000 |
|
|
|
06/15/2029 |
|
|
320,181 |
| Coconut Cay Community Development District Special Assessment
Series 2006
(NR/NR) |
|
|
720,000 |
|
|
5.375 |
|
|
|
05/01/2036 |
|
|
720,994 |
| Concord Station Community Development District Capital Improvement RB Refunding
Senior Lien Series 2016 A-1 (A/NR) |
|
|
880,000 |
|
|
2.375 |
|
|
|
05/01/2023 |
|
|
906,778 |
|
|
900,000 |
|
|
2.500 |
|
|
|
05/01/2024 |
|
|
939,681 |
|
|
925,000 |
|
|
2.750 |
|
|
|
05/01/2025 |
|
|
986,984 |
|
|
915,000 |
|
|
3.000 |
|
|
|
05/01/2026 |
|
|
997,927 |
|
|
980,000 |
|
|
3.200 |
|
|
|
05/01/2027 |
|
|
1,070,875 |
|
|
1,015,000 |
|
|
3.250 |
|
|
|
05/01/2028 |
|
|
1,098,271 |
|
|
1,500,000 |
|
|
3.750 |
|
|
|
05/01/2046 |
|
|
1,589,820 |
| Copperspring Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
175,000 |
|
|
3.200 |
|
|
|
12/15/2024 |
|
|
178,108 |
|
|
500,000 |
|
|
3.500 |
|
|
|
12/15/2029 |
|
|
522,205 |
|
|
325,000 |
|
|
4.000 |
|
|
|
12/15/2039 |
|
|
341,900 |
| Coral Keys Homes Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
265,000 |
|
|
2.750 |
|
|
|
05/01/2025 |
|
|
268,397 |
| Corkscrew Farms Community Development District Special Assessment for Assessment
Area Two Project Series 2017 (NR/NR)(f) |
|
|
230,000 |
|
|
3.750 |
|
|
|
11/01/2023 |
|
|
235,133 |
|
|
510,000 |
|
|
4.500 |
|
|
|
11/01/2028 |
|
|
548,082 |
| Coronado Community Development District Special Assessment Refunding &
Improvement Bonds Series 2017 (BBB/NR) |
|
|
129,000 |
|
|
3.000 |
|
|
|
05/01/2023 |
|
|
135,135 |
|
|
133,000 |
|
|
3.250 |
|
|
|
05/01/2024 |
|
|
142,016 |
|
|
138,000 |
|
|
3.500 |
|
|
|
05/01/2025 |
|
|
150,075 |
|
|
143,000 |
|
|
3.625 |
|
|
|
05/01/2026 |
|
|
159,377 |
| Country Walk Community Development District Special Assessment RB Refunding Senior
Lien Series 2015 A-1 (AA/NR) |
|
|
190,000 |
|
|
2.875 |
|
|
|
05/01/2021 |
|
|
191,543 |
|
|
195,000 |
|
|
3.000 |
|
|
|
05/01/2022 |
|
|
200,551 |
|
|
205,000 |
|
|
3.250 |
|
|
|
05/01/2023 |
|
|
217,534 |
|
|
210,000 |
|
|
3.375 |
|
|
|
05/01/2024 |
|
|
227,451 |
|
|
220,000 |
|
|
3.500 |
|
|
|
05/01/2025 |
|
|
244,926 |
|
|
215,000 |
|
|
4.125 |
|
|
|
05/01/2035 |
|
|
238,807 |
| County of Broward RB for Airport System Series 2012 Q-1 (A/A1)(g) |
|
|
855,000 |
|
|
5.000 |
|
|
|
10/01/2022 |
|
|
926,982 |
| County of Broward RB for Port Facilities Senior Bonds Series 2019 B (AMT)
(A/A1) |
|
|
2,810,000 |
|
|
5.000 |
|
|
|
09/01/2033 |
|
|
3,571,903 |
|
|
2,955,000 |
|
|
5.000 |
|
|
|
09/01/2034 |
|
|
3,747,856 |
|
|
3,005,000 |
|
|
5.000 |
|
|
|
09/01/2035 |
|
|
3,801,085 |
|
|
1,610,000 |
|
|
4.000 |
|
|
|
09/01/2036 |
|
|
1,824,774 |
|
|
3,520,000 |
|
|
4.000 |
|
|
|
09/01/2038 |
|
|
3,967,251 |
| County of Escambia PCRB for Gulf Power Co. Project Series 2003 (A/A2) |
|
|
7,500,000 |
|
|
2.600 |
|
|
|
06/01/2023 |
|
|
7,887,750 |
| County of Escambia RB Refunding for International Paper Co.
Series 2019 B
(BBB/Baa2)(b)(c) |
|
|
400,000 |
|
|
2.000 |
|
|
|
10/01/2024 |
|
|
422,656 |
| County of Lake RB for Waterman Communities, Inc. Series 2020 B-3
(NR/NR) |
|
|
2,000,000 |
|
|
3.375 |
|
|
|
08/15/2026 |
|
|
2,015,740 |
| County of Miami-Dade Aviation RB Series 2019 A (AMT) (A-/NR) |
|
|
4,500,000 |
|
|
4.000 |
|
|
|
10/01/2044 |
|
|
5,064,615 |
|
|
12,720,000 |
|
|
5.000 |
|
|
|
10/01/2044 |
|
|
15,594,338 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| County of Osceola Transportation RB Refunding Series 2019 A-1
(BBB+/NR) |
| $ |
|
390,000 |
|
|
5.000 |
% |
|
|
10/01/2026 |
|
|
$ 473,195 |
|
|
475,000 |
|
|
5.000 |
|
|
|
10/01/2027 |
|
|
589,081 |
|
|
525,000 |
|
|
5.000 |
|
|
|
10/01/2028 |
|
|
663,285 |
|
|
450,000 |
|
|
5.000 |
|
|
|
10/01/2029 |
|
|
577,570 |
|
|
770,000 |
|
|
5.000 |
|
|
|
10/01/2030 |
|
|
982,120 |
|
|
365,000 |
|
|
5.000 |
|
|
|
10/01/2031 |
|
|
462,192 |
|
|
415,000 |
|
|
5.000 |
|
|
|
10/01/2032 |
|
|
521,730 |
|
|
350,000 |
|
|
5.000 |
|
|
|
10/01/2033 |
|
|
437,776 |
|
|
265,000 |
|
|
5.000 |
|
|
|
10/01/2034 |
|
|
330,574 |
|
|
435,000 |
|
|
5.000 |
|
|
|
10/01/2035 |
|
|
540,414 |
|
|
600,000 |
|
|
5.000 |
|
|
|
10/01/2036 |
|
|
742,296 |
|
|
525,000 |
|
|
5.000 |
|
|
|
10/01/2037 |
|
|
647,335 |
|
|
805,000 |
|
|
5.000 |
|
|
|
10/01/2038 |
|
|
988,725 |
|
|
1,000,000 |
|
|
5.000 |
|
|
|
10/01/2039 |
|
|
1,224,140 |
|
|
2,000,000 |
|
|
5.000 |
|
|
|
10/01/2044 |
|
|
2,412,860 |
|
|
1,160,000 |
|
|
5.000 |
|
|
|
10/01/2049 |
|
|
1,390,492 |
|
|
1,390,000 |
|
|
4.000 |
|
|
|
10/01/2054 |
|
|
1,526,415 |
| County of Osceola Transportation RB Refunding Series 2019 A-2 (BBB+/NR)(d) |
|
|
155,000 |
|
|
0.000 |
|
|
|
10/01/2025 |
|
|
144,995 |
|
|
275,000 |
|
|
0.000 |
|
|
|
10/01/2026 |
|
|
251,251 |
|
|
360,000 |
|
|
0.000 |
|
|
|
10/01/2027 |
|
|
320,511 |
|
|
500,000 |
|
|
0.000 |
|
|
|
10/01/2028 |
|
|
433,350 |
|
|
700,000 |
|
|
0.000 |
|
|
|
10/01/2029 |
|
|
587,601 |
| Creek Preserve Community Development District Special Assessment RB Series 2019
(NR/NR)(f) |
|
|
450,000 |
|
|
3.875 |
|
|
|
11/01/2024 |
|
|
461,993 |
|
|
740,000 |
|
|
4.250 |
|
|
|
11/01/2030 |
|
|
792,436 |
| Creek Preserve Community Development District Special Assessment RB Series 2020
(NR/NR)(f) |
|
|
100,000 |
|
|
3.125 |
|
|
|
11/01/2030 |
|
|
100,135 |
|
|
155,000 |
|
|
3.625 |
|
|
|
11/01/2040 |
|
|
155,248 |
| Crossings at Fleming Island Community Development District Special Assessment RB
Refunding Senior Lien Series 2014 A-1 (BBB/NR) |
|
|
1,595,000 |
|
|
4.000 |
|
|
|
05/01/2024 |
|
|
1,631,940 |
| Cypress Mill Community Development District Special Assessment for Area Two Project
Series 2020 (NR/NR) |
|
|
750,000 |
|
|
2.625 |
|
|
|
06/15/2025 |
|
|
755,835 |
|
|
660,000 |
|
|
3.000 |
|
|
|
06/15/2031 |
|
|
668,415 |
|
|
475,000 |
|
|
4.000 |
|
|
|
06/15/2040 |
|
|
499,814 |
| Cypress Park Estates Community Development District Special Assessment Area 1
Project Series 2020 (NR/NR)(f) |
|
|
210,000 |
|
|
2.625 |
|
|
|
05/01/2025 |
|
|
210,909 |
|
|
295,000 |
|
|
3.250 |
|
|
|
05/01/2030 |
|
|
299,346 |
| Davenport Road South Community Development District Special Assessment Bonds Series
2018 (NR/NR)(f) |
|
|
185,000 |
|
|
3.750 |
|
|
|
11/01/2023 |
|
|
189,152 |
|
|
730,000 |
|
|
4.500 |
|
|
|
11/01/2028 |
|
|
784,341 |
| Deer Run Community Development District Special Assessment RB Refunding Series 2018
(NR/NR) |
|
|
2,755,000 |
|
|
5.400 |
|
|
|
05/01/2039 |
|
|
3,040,611 |
| Del Webb Bexley Community Development District Special Assessment Series 2018
(NR/NR) |
|
|
1,670,000 |
|
|
5.300 |
|
|
|
05/01/2039 |
|
|
1,844,331 |
| DG Farms Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
225,000 |
|
|
3.250 |
|
|
|
05/01/2030 |
|
|
224,993 |
| Downtown Doral South Community Development District Special Assessment Bonds Series
2018 (NR/NR)(f) |
|
|
2,835,000 |
|
|
4.600 |
|
|
|
05/01/2028 |
|
|
3,038,014 |
|
|
745,000 |
|
|
4.250 |
|
|
|
12/15/2028 |
|
|
808,720 |
|
|
2,395,000 |
|
|
4.750 |
|
|
|
12/15/2038 |
|
|
2,752,047 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Durbin Crossing Community Development District Special Assessment Refunding Senior
Series 2017 A-1 (AGM) (AA/NR) |
| $ |
|
690,000 |
|
|
3.750 |
% |
|
|
05/01/2034 |
|
|
$ 772,572 |
|
|
960,000 |
|
|
4.000 |
|
|
|
05/01/2037 |
|
|
1,069,891 |
| Eagle Pointe Community Development District Special Assessment Bonds Series 2020
(NR/NR)(f) |
|
|
240,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
245,009 |
|
|
440,000 |
|
|
3.625 |
|
|
|
05/01/2031 |
|
|
462,427 |
| East Homestead Community Development District Special Assessment Bonds Expansion
Area Project Series 2019 (NR/NR) |
|
|
200,000 |
|
|
3.750 |
|
|
|
11/01/2024 |
|
|
205,660 |
| East Homestead Community Development District Special Assessment Expansion Bonds
Area Project Series 2019 (NR/NR) |
|
|
280,000 |
|
|
4.125 |
|
|
|
11/01/2029 |
|
|
301,949 |
| Eden Hills Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
115,000 |
|
|
2.750 |
|
|
|
05/01/2025 |
|
|
116,084 |
|
|
110,000 |
|
|
3.250 |
|
|
|
05/01/2030 |
|
|
112,031 |
| Enbrook Community Development District Special Assessment
Series 2020 (NR/NR)(f) |
|
|
430,000 |
|
|
3.000 |
|
|
|
05/01/2030 |
|
|
438,002 |
|
|
700,000 |
|
|
4.000 |
|
|
|
05/01/2040 |
|
|
740,747 |
| Escambia County Health Facilities Authority RB Refunding for Baptist Hospital, Inc.
Project Series 2020 A (AGM-CR) (AA/A2) |
|
|
3,070,000 |
|
|
4.000 |
|
|
|
08/15/2045 |
|
|
3,501,795 |
| Escambia County Health Facilities Authority RB Refunding for Baptist Hospital, Inc.
Project Series 2020 A (BBB+/Baa2) |
|
|
2,640,000 |
|
|
5.000 |
|
|
|
08/15/2031 |
|
|
3,348,259 |
|
|
3,080,000 |
|
|
5.000 |
|
|
|
08/15/2032 |
|
|
3,883,479 |
|
|
2,595,000 |
|
|
5.000 |
|
|
|
08/15/2033 |
|
|
3,256,076 |
|
|
2,125,000 |
|
|
5.000 |
|
|
|
08/15/2034 |
|
|
2,659,905 |
|
|
2,760,000 |
|
|
5.000 |
|
|
|
08/15/2035 |
|
|
3,445,446 |
|
|
3,960,000 |
|
|
5.000 |
|
|
|
08/15/2036 |
|
|
4,926,359 |
|
|
5,280,000 |
|
|
5.000 |
|
|
|
08/15/2037 |
|
|
6,548,626 |
| Esplanade Lake Club Community Development District Special Assessment for Capital
Improvement Program Series 2019 A-1 (NR/NR) |
|
|
1,025,000 |
|
|
3.250 |
|
|
|
11/01/2025 |
|
|
1,053,064 |
|
|
375,000 |
|
|
3.625 |
|
|
|
11/01/2030 |
|
|
400,058 |
| Esplanade Lake Club Community Development District Special Assessment for Capital
Improvement Program Series 2019 A-2 (NR/NR) |
|
|
240,000 |
|
|
3.250 |
|
|
|
11/01/2025 |
|
|
246,571 |
|
|
245,000 |
|
|
3.625 |
|
|
|
11/01/2030 |
|
|
261,364 |
| Evergreen Community Development District Special Assessment RB Series 2019 (NR/NR)(f) |
|
|
275,000 |
|
|
4.125 |
|
|
|
11/01/2024 |
|
|
281,652 |
|
|
445,000 |
|
|
4.250 |
|
|
|
11/01/2029 |
|
|
475,145 |
| Fiddlers Creek Community Development District No. 2 Special Assessment Refunding
Series 2019 (NR/NR) |
|
|
895,000 |
|
|
3.250 |
|
|
|
05/01/2023 |
|
|
913,052 |
|
|
1,960,000 |
|
|
4.250 |
|
|
|
05/01/2029 |
|
|
2,192,201 |
|
|
3,190,000 |
|
|
5.000 |
|
|
|
05/01/2035 |
|
|
3,769,464 |
| Finley Woods Community Development District Special Assessment for Assessment Area
One Series 2020 (NR/NR) |
|
|
355,000 |
|
|
3.500 |
|
|
|
05/01/2030 |
|
|
371,042 |
|
|
165,000 |
|
|
4.000 |
|
|
|
05/01/2040 |
|
|
173,250 |
| Fishhawk Ranch Community Development District Special Assessment Refunding Bonds
Series 2020 (AGM) (AA/NR) |
|
|
1,450,000 |
|
|
2.750 |
|
|
|
11/01/2035 |
|
|
1,493,703 |
| Florida Development Finance Corp. RB for Discovery High School & Discovery
Academy of Lake Alfred Obligated Group Series 2020 A (NR/NR)(f) |
|
|
1,505,000 |
|
|
4.000 |
|
|
|
06/01/2030 |
|
|
1,553,807 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Florida Development Finance Corp. RB for Imagine School at Broward Series 2019 A
(NR/Baa3)(f) |
| $ |
|
425,000 |
|
|
4.000 |
% |
|
|
12/15/2029 |
|
|
$ 477,475 |
|
|
425,000 |
|
|
5.000 |
|
|
|
12/15/2034 |
|
|
507,611 |
|
|
490,000 |
|
|
5.000 |
|
|
|
12/15/2039 |
|
|
578,827 |
| Florida Development Finance Corp. RB for Mayflower Retirement Center, Inc.
Obligated Group Series 2020 A (BB+/NR)(f) |
|
|
1,675,000 |
|
|
5.125 |
|
|
|
06/01/2040 |
|
|
1,874,291 |
| Florida Development Finance Corp. RB for United Cerebral Palsy of Central Florida,
Inc. Series 2020 A (NR/NR) |
|
|
420,000 |
|
|
4.000 |
|
|
|
06/01/2030 |
|
|
432,478 |
| Florida Development Finance Corp. RB Refunding for Brightline Trains Florida LLC
Series 2019 B (AMT) (NR/NR)(f) |
|
|
4,900,000 |
|
|
7.375 |
|
|
|
01/01/2049 |
|
|
4,790,828 |
| Florida Development Finance Corp. RB Refunding for Nova Southeastern University,
Inc. Series 2020 A (A-/Baa1) |
|
|
250,000 |
|
|
5.000 |
|
|
|
04/01/2026 |
|
|
300,262 |
|
|
265,000 |
|
|
5.000 |
|
|
|
04/01/2027 |
|
|
325,582 |
|
|
280,000 |
|
|
5.000 |
|
|
|
04/01/2028 |
|
|
350,784 |
|
|
220,000 |
|
|
5.000 |
|
|
|
04/01/2029 |
|
|
280,502 |
| Florida Development Finance Corp. RB Refunding for Renaissance Charter School, Inc.
Series 2020 C (NR/NR)(f) |
|
|
470,000 |
|
|
4.000 |
|
|
|
09/15/2030 |
|
|
499,469 |
|
|
1,050,000 |
|
|
5.000 |
|
|
|
09/15/2040 |
|
|
1,147,146 |
| Florida Development Finance Corp. RB Refunding for Virgin Trains USA Florida LLC
Series 2019 A (AMT) (NR/NR)(b)(c)(f) |
|
|
485,000 |
|
|
6.250 |
|
|
|
01/01/2024 |
|
|
475,465 |
|
|
9,090,000 |
|
|
6.375 |
|
|
|
01/01/2026 |
|
|
8,798,938 |
|
|
20,465,000 |
|
|
6.500 |
|
|
|
01/01/2029 |
|
|
19,674,028 |
| Florida Higher Educational Facilities Financial Authority RB for Florida Institute
of Technology, Inc. Series 2019 (BBB-/NR) |
|
|
250,000 |
|
|
5.000 |
|
|
|
10/01/2022 |
|
|
262,615 |
|
|
250,000 |
|
|
5.000 |
|
|
|
10/01/2023 |
|
|
269,190 |
|
|
350,000 |
|
|
5.000 |
|
|
|
10/01/2024 |
|
|
385,374 |
| Florida Higher Educational Facilities Financial Authority RB for Jacksonville
University Project Series 2018 A-1 (NR/NR)(f) |
|
|
2,000,000 |
|
|
4.500 |
|
|
|
06/01/2033 |
|
|
2,085,640 |
|
|
250,000 |
|
|
4.750 |
|
|
|
06/01/2038 |
|
|
261,255 |
|
|
4,500,000 |
|
|
5.000 |
|
|
|
06/01/2048 |
|
|
4,721,085 |
| Florida Higher Educational Facilities Financial Authority RB for Ringling College
of Art & Design, Inc. Series 2019 (BBB+/NR) |
|
|
2,000,000 |
|
|
5.000 |
|
|
|
03/01/2044 |
|
|
2,291,300 |
| Florida Higher Educational Facilities Financial Authority RB Refunding for St. Leo
University, Inc. Obligated Group Series 2019 (BBB-/NR) |
|
|
1,700,000 |
|
|
5.000 |
|
|
|
03/01/2039 |
|
|
1,880,268 |
| Florida Higher Educational Facilities Financial Authority RB Ringling College of
Art and Design, Inc. Series 2017 (BBB+/NR) |
|
|
2,750,000 |
|
|
5.000 |
|
|
|
03/01/2047 |
|
|
3,051,482 |
| Flow Way Community Development District Special Assessment Bonds for Phase 5
Project Series 2016 (NR/NR) |
|
|
1,540,000 |
|
|
4.875 |
|
|
|
11/01/2037 |
|
|
1,650,587 |
| Flow Way Community Development District Special Assessment Bonds for Phase 6
Project Series 2017 (NR/NR) |
|
|
200,000 |
|
|
4.000 |
|
|
|
11/01/2028 |
|
|
211,528 |
|
|
1,065,000 |
|
|
5.000 |
|
|
|
11/01/2038 |
|
|
1,184,993 |
|
|
840,000 |
|
|
5.000 |
|
|
|
11/01/2047 |
|
|
930,376 |
| Flow Way Community Development District Special Assessment Bonds for Phase 7 &
8 Project Series 2019 (NR/NR) |
|
|
410,000 |
|
|
3.350 |
|
|
|
11/01/2024 |
|
|
419,844 |
|
|
1,000,000 |
|
|
3.700 |
|
|
|
11/01/2029 |
|
|
1,068,220 |
|
|
2,025,000 |
|
|
4.125 |
|
|
|
11/01/2039 |
|
|
2,162,943 |
| Forest Brooke Community Development District Special Assessment Subordinated Bonds
Series 2019 A-2 (NR/NR) |
|
|
465,000 |
|
|
3.750 |
|
|
|
11/01/2039 |
|
|
483,419 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Forest Lake Community Development District Special Assessment for Assessment Area1
Series 2020 (NR/NR)(f) |
| $ |
|
700,000 |
|
|
2.625 |
% |
|
|
05/01/2025 |
|
|
$ 706,993 |
|
|
500,000 |
|
|
3.250 |
|
|
|
05/01/2030 |
|
|
513,575 |
| Grand Bay at Doral Community Development District Special Assessment for South
Parcel Assessment Area Project Series 2016 (NR/NR) |
|
|
840,000 |
|
|
4.250 |
|
|
|
05/01/2026 |
|
|
879,312 |
| Grand Oaks Community Development District Special Assessment Bonds Assessment Area
2 Series 2020 (NR/NR) |
|
|
830,000 |
|
|
3.250 |
|
|
|
05/01/2025 |
|
|
840,491 |
|
|
1,360,000 |
|
|
4.000 |
|
|
|
05/01/2030 |
|
|
1,421,173 |
| Grand Oaks Community Development District Special Assessment RB Series 2019 A
(NR/NR) |
|
|
355,000 |
|
|
3.750 |
|
|
|
11/01/2024 |
|
|
364,180 |
|
|
600,000 |
|
|
4.125 |
|
|
|
11/01/2029 |
|
|
640,842 |
|
|
1,305,000 |
|
|
4.750 |
|
|
|
11/01/2039 |
|
|
1,426,926 |
|
|
2,100,000 |
|
|
5.000 |
|
|
|
11/01/2050 |
|
|
2,310,231 |
| Greater Orlando Aviation Authority Airport Facilities RB Refunding for Jetblue
Airways Corp. Project Series 2013 (NR/NR) |
|
|
920,000 |
|
|
5.000 |
|
|
|
11/15/2036 |
|
|
952,586 |
| Greater Orlando Aviation Authority Airport Facilities RB Series 2019 A (AMT)
(A+/Aa3) |
|
|
4,605,000 |
|
|
5.000 |
|
|
|
10/01/2022 |
|
|
4,959,124 |
|
|
14,000,000 |
|
|
5.000 |
|
|
|
10/01/2023 |
|
|
15,681,120 |
| Greater Orlando Aviation Authority Priority Subordinated Airport Facilities RB
Series 2017 A (AMT) (A/A1) |
|
|
1,290,000 |
|
|
5.000 |
|
|
|
10/01/2047 |
|
|
1,529,798 |
| Greater Orlando Aviation Authority RB Refunding Series 2012 A
(A+/Aa3) |
|
|
2,375,000 |
|
|
5.000 |
|
|
|
10/01/2021 |
|
|
2,453,161 |
| Gulfstream Polo Community Development District Special Assessment Phase#2 Project
Series 2019 (NR/NR) |
|
|
235,000 |
|
|
3.000 |
|
|
|
11/01/2024 |
|
|
239,127 |
|
|
1,095,000 |
|
|
3.500 |
|
|
|
11/01/2030 |
|
|
1,150,549 |
|
|
2,400,000 |
|
|
4.375 |
|
|
|
11/01/2049 |
|
|
2,576,016 |
| Hacienda Lakes Community Development District Special Assessment Refunding Series
2016 (NR/NR) |
|
|
100,000 |
|
|
3.375 |
|
|
|
05/01/2021 |
|
|
100,369 |
|
|
550,000 |
|
|
3.875 |
|
|
|
05/01/2026 |
|
|
572,830 |
| Hammock Reserve Community Development District Special Assessment for Assessment
Area One Project Series 2020 (NR/NR) |
|
|
425,000 |
|
|
2.625 |
|
|
|
05/01/2025 |
|
|
428,800 |
|
|
510,000 |
|
|
3.250 |
|
|
|
05/01/2030 |
|
|
522,454 |
| Harbor Bay Community Development District Special Assessment RB Refunding Series
2019 A-2 (NR/NR) |
|
|
1,170,000 |
|
|
3.100 |
|
|
|
05/01/2024 |
|
|
1,192,552 |
|
|
1,880,000 |
|
|
3.300 |
|
|
|
05/01/2029 |
|
|
1,982,762 |
|
|
370,000 |
|
|
3.700 |
|
|
|
05/01/2033 |
|
|
394,531 |
| Harbor Bay Community Development District Special Assessment RB Series 2019 A-1
(NR/NR) |
|
|
400,000 |
|
|
3.100 |
|
|
|
05/01/2024 |
|
|
407,680 |
|
|
1,150,000 |
|
|
3.300 |
|
|
|
05/01/2029 |
|
|
1,212,836 |
| Hawks Point Community Development District Special Assessment Refunding Senior
Series 2017 A-1 (A-/NR)(f) |
|
|
265,000 |
|
|
4.000 |
|
|
|
05/01/2024 |
|
|
292,621 |
|
|
265,000 |
|
|
4.000 |
|
|
|
05/01/2025 |
|
|
299,193 |
|
|
140,000 |
|
|
4.000 |
|
|
|
05/01/2026 |
|
|
160,734 |
| Hawkstone Community Development District Special Assessment Area 1 RB Series 2019
(NR/NR) |
|
|
100,000 |
|
|
3.250 |
|
|
|
11/01/2024 |
|
|
102,104 |
|
|
400,000 |
|
|
3.500 |
|
|
|
11/01/2030 |
|
|
419,464 |
|
|
1,000,000 |
|
|
3.875 |
|
|
|
11/01/2039 |
|
|
1,049,140 |
| Hawkstone Community Development District Special Assessment Area 2 RB Series 2019
(NR/NR) |
|
|
125,000 |
|
|
3.625 |
|
|
|
11/01/2030 |
|
|
131,325 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Heritage Harbour North Community Development District Special Assessment Series
2014 (NR/NR) |
| $ |
|
1,050,000 |
|
|
5.000 |
% |
|
|
05/01/2034 |
|
|
$ 1,208,928 |
| Heritage Isle at Viera Community Development District Special Assessment Refunding
Series 2017 (AGM) (AA/NR) |
|
|
215,000 |
|
|
4.000 |
|
|
|
05/01/2024 |
|
|
234,301 |
|
|
225,000 |
|
|
4.000 |
|
|
|
05/01/2025 |
|
|
250,992 |
|
|
235,000 |
|
|
4.000 |
|
|
|
05/01/2026 |
|
|
267,585 |
|
|
240,000 |
|
|
4.000 |
|
|
|
05/01/2027 |
|
|
277,524 |
|
|
250,000 |
|
|
4.000 |
|
|
|
05/01/2028 |
|
|
287,332 |
| Heritage Landing Community Development District Special Assessment Refunding Bonds
Series 2015 (BBB/NR) |
|
|
585,000 |
|
|
3.375 |
|
|
|
05/01/2023 |
|
|
615,911 |
|
|
605,000 |
|
|
3.500 |
|
|
|
05/01/2024 |
|
|
652,371 |
|
|
630,000 |
|
|
3.625 |
|
|
|
05/01/2025 |
|
|
691,198 |
|
|
650,000 |
|
|
3.750 |
|
|
|
05/01/2026 |
|
|
709,118 |
|
|
1,015,000 |
|
|
4.200 |
|
|
|
05/01/2031 |
|
|
1,116,470 |
|
|
1,000,000 |
|
|
4.350 |
|
|
|
05/01/2036 |
|
|
1,090,470 |
| Herons Glen Recreation District Special Assessment Refunding Bonds Series 2020
(BAM) (AA/NR) |
|
|
265,000 |
|
|
2.500 |
|
|
|
05/01/2027 |
|
|
282,469 |
|
|
350,000 |
|
|
2.500 |
|
|
|
05/01/2028 |
|
|
371,830 |
|
|
360,000 |
|
|
2.500 |
|
|
|
05/01/2029 |
|
|
380,383 |
|
|
365,000 |
|
|
2.500 |
|
|
|
05/01/2030 |
|
|
384,144 |
|
|
375,000 |
|
|
2.500 |
|
|
|
05/01/2031 |
|
|
391,654 |
|
|
300,000 |
|
|
3.000 |
|
|
|
05/01/2032 |
|
|
324,399 |
|
|
300,000 |
|
|
3.000 |
|
|
|
05/01/2033 |
|
|
322,188 |
|
|
245,000 |
|
|
3.000 |
|
|
|
05/01/2034 |
|
|
261,170 |
|
|
255,000 |
|
|
3.000 |
|
|
|
05/01/2035 |
|
|
270,315 |
|
|
200,000 |
|
|
3.000 |
|
|
|
05/01/2036 |
|
|
211,228 |
| Highland Meadows West Community Development District Special Assessment for
Assessment Area 2 Series 2020 A (NR/NR) |
|
|
290,000 |
|
|
2.875 |
|
|
|
05/01/2025 |
|
|
294,098 |
|
|
200,000 |
|
|
3.250 |
|
|
|
05/01/2031 |
|
|
207,252 |
| Highland Meadows West Community Development District Special Assessment for
Assessment Area 3 Series 2020 A (NR/NR) |
|
|
140,000 |
|
|
3.250 |
|
|
|
05/01/2031 |
|
|
145,111 |
| Highlands Community Development District Special Assessment Bonds for Assessment
Areas 3B and 5 Project Series 2018 (NR/NR)(f) |
|
|
225,000 |
|
|
4.000 |
|
|
|
12/15/2024 |
|
|
231,590 |
|
|
550,000 |
|
|
4.250 |
|
|
|
12/15/2029 |
|
|
591,448 |
| Highlands Community Development District Special Assessment Refunding Series 2016
(BBB/NR) |
|
|
1,225,000 |
|
|
4.250 |
|
|
|
05/01/2031 |
|
|
1,391,588 |
| Highlands Meadows II Community Development District Special Assessment Bonds for
Assessment Area 7/7A Project Series 2019 (NR/NR) |
|
|
90,000 |
|
|
3.375 |
|
|
|
11/01/2025 |
|
|
91,855 |
|
|
335,000 |
|
|
3.875 |
|
|
|
11/01/2031 |
|
|
359,438 |
|
|
455,000 |
|
|
4.200 |
|
|
|
11/01/2039 |
|
|
486,823 |
| Highlands Meadows II Community Development District Special Assessment Bonds for
Assessment Area Five Project Series 2017 (NR/NR) |
|
|
100,000 |
|
|
4.250 |
|
|
|
11/01/2022 |
|
|
102,298 |
|
|
370,000 |
|
|
4.875 |
|
|
|
11/01/2027 |
|
|
401,150 |
|
|
865,000 |
|
|
5.375 |
|
|
|
11/01/2037 |
|
|
961,474 |
|
|
785,000 |
|
|
5.500 |
|
|
|
11/01/2047 |
|
|
866,585 |
| Highlands Meadows II Community Development District Special Assessment Bonds for
Assessment Area Six Project Series 2017 (NR/NR) |
|
|
75,000 |
|
|
4.875 |
|
|
|
11/01/2027 |
|
|
81,314 |
|
|
335,000 |
|
|
5.500 |
|
|
|
11/01/2047 |
|
|
369,817 |
| Hillcrest Community Development District Special Assessment Bonds for Capital
Improvement Program Series 2018 (NR/NR) |
|
|
790,000 |
|
|
4.000 |
|
|
|
11/01/2028 |
|
|
865,034 |
|
|
700,000 |
|
|
4.500 |
|
|
|
11/01/2038 |
|
|
777,546 |
|
|
2,300,000 |
|
|
5.000 |
|
|
|
11/01/2048 |
|
|
2,610,615 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Hills Minneola Community Development District Special Assessments for South Parcel
Assessment Area Series 2020 (NR/NR)(f) |
| $ |
|
1,630,000 |
|
|
3.000 |
% |
|
|
05/01/2025 |
|
|
$ 1,655,966 |
|
|
1,020,000 |
|
|
3.500 |
|
|
|
05/01/2031 |
|
|
1,068,950 |
| Holly Hill Road East Community Development District Special Assessment for Area 3
Project Series 2020 (NR/NR) |
|
|
110,000 |
|
|
4.000 |
|
|
|
11/01/2025 |
|
|
113,203 |
|
|
165,000 |
|
|
4.500 |
|
|
|
11/01/2031 |
|
|
177,614 |
|
|
170,000 |
|
|
5.000 |
|
|
|
11/01/2041 |
|
|
189,457 |
| Hunters Ridge Community Development District No. 1 Assessment Area Special
Assessment Bonds Series 2019 (NR/NR)(f) |
|
|
165,000 |
|
|
4.000 |
|
|
|
11/01/2024 |
|
|
169,993 |
|
|
235,000 |
|
|
5.000 |
|
|
|
11/01/2039 |
|
|
259,106 |
| K-Bar Ranch II Community Development District Special Assessment Bonds Series 2017
A (NR/NR)(f) |
|
|
1,175,000 |
|
|
4.500 |
|
|
|
05/01/2038 |
|
|
1,274,158 |
|
|
1,855,000 |
|
|
4.625 |
|
|
|
05/01/2048 |
|
|
2,010,041 |
| Kindred Community Development District II Special Assessment Bonds Series 2020
(NR/NR) |
|
|
265,000 |
|
|
2.625 |
|
|
|
05/01/2025 |
|
|
267,411 |
|
|
155,000 |
|
|
3.000 |
|
|
|
05/01/2030 |
|
|
158,505 |
| Kindred Community Development District Special Assessment Bond Series 2017
(NR/NR) |
|
|
1,000,000 |
|
|
4.625 |
|
|
|
05/01/2037 |
|
|
1,080,630 |
| Kingman Gate Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
740,000 |
|
|
2.750 |
|
|
|
06/15/2025 |
|
|
753,165 |
|
|
485,000 |
|
|
3.125 |
|
|
|
06/15/2030 |
|
|
506,854 |
|
|
375,000 |
|
|
4.000 |
|
|
|
06/15/2040 |
|
|
404,996 |
| Lakeshore Ranch Community Development District Special Assessment Refunding Series
2019 A-2 (NR/NR) |
|
|
475,000 |
|
|
3.500 |
|
|
|
05/01/2030 |
|
|
492,741 |
|
|
435,000 |
|
|
4.000 |
|
|
|
05/01/2035 |
|
|
461,740 |
| Lakewood Ranch Stewardship District Special Assessment for Azario Project Series
2019 (NR/NR) |
|
|
430,000 |
|
|
3.125 |
|
|
|
05/01/2025 |
|
|
443,605 |
|
|
370,000 |
|
|
3.400 |
|
|
|
05/01/2030 |
|
|
386,635 |
| Lakewood Ranch Stewardship District Special Assessment for Lorraine Lakes Project
Series 2020 (NR/NR)(f) |
|
|
670,000 |
|
|
2.500 |
|
|
|
05/01/2025 |
|
|
676,814 |
| Lakewood Ranch Stewardship District Special Assessment for Northeast Sector Phase
2A Project Series 2019 (NR/NR) |
|
|
155,000 |
|
|
3.000 |
|
|
|
05/01/2024 |
|
|
157,211 |
|
|
225,000 |
|
|
3.250 |
|
|
|
05/01/2029 |
|
|
232,103 |
|
|
200,000 |
|
|
3.850 |
|
|
|
05/01/2039 |
|
|
210,472 |
| Lakewood Ranch Stewardship District Special Assessment for Northeast Sector Project
- Phase 2C Series 2020 (NR/NR) |
|
|
470,000 |
|
|
3.000 |
|
|
|
05/01/2030 |
|
|
473,412 |
|
|
750,000 |
|
|
3.500 |
|
|
|
05/01/2040 |
|
|
758,318 |
| Lakewood Ranch Stewardship District Special Assessment RB for Cresswind Project
Series 2019 (NR/NR) |
|
|
190,000 |
|
|
3.600 |
|
|
|
05/01/2024 |
|
|
194,492 |
|
|
285,000 |
|
|
3.800 |
|
|
|
05/01/2029 |
|
|
304,203 |
| Lakewood Ranch Stewardship District Special Assessment RB for Del Webb Project
Series 2017 (NR/NR)(f) |
|
|
215,000 |
|
|
3.650 |
|
|
|
05/01/2022 |
|
|
217,459 |
|
|
515,000 |
|
|
4.300 |
|
|
|
05/01/2027 |
|
|
546,616 |
| Lakewood Ranch Stewardship District Special Assessment RB for Indigo Expansion Area
Project Series 2019 (NR/NR)(f) |
|
|
300,000 |
|
|
2.900 |
|
|
|
05/01/2024 |
|
|
303,879 |
|
|
570,000 |
|
|
3.200 |
|
|
|
05/01/2029 |
|
|
587,100 |
|
|
455,000 |
|
|
4.000 |
|
|
|
05/01/2049 |
|
|
472,750 |
| Lakewood Ranch Stewardship District Special Assessment RB for Lake Club Phase 4
Project Series 2019 (NR/NR) |
|
|
325,000 |
|
|
3.600 |
|
|
|
05/01/2024 |
|
|
332,706 |
|
|
485,000 |
|
|
3.800 |
|
|
|
05/01/2029 |
|
|
517,762 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Lakewood Ranch Stewardship District Special Assessment RB for Lakewood Centre North
Project Series 2015 (NR/NR) |
| $ |
|
1,210,000 |
|
|
4.250 |
% |
|
|
05/01/2025 |
|
|
$ 1,260,324 |
|
|
1,605,000 |
|
|
4.875 |
|
|
|
05/01/2035 |
|
|
1,720,512 |
|
|
905,000 |
|
|
4.875 |
|
|
|
05/01/2045 |
|
|
960,485 |
| Lakewood Ranch Stewardship District Special Assessment RB for Lakewood National
& Polo Run Projects Series 2017 (NR/NR) |
|
|
195,000 |
|
|
4.000 |
|
|
|
05/01/2022 |
|
|
197,829 |
|
|
940,000 |
|
|
4.625 |
|
|
|
05/01/2027 |
|
|
1,014,439 |
|
|
1,000,000 |
|
|
5.250 |
|
|
|
05/01/2037 |
|
|
1,111,610 |
| Lakewood Ranch Stewardship District Special Assessment RB for North East Sector
Project - Phase 1A Series 2018 (NR/NR) |
|
|
435,000 |
|
|
3.900 |
|
|
|
05/01/2023 |
|
|
444,566 |
|
|
535,000 |
|
|
4.250 |
|
|
|
05/01/2028 |
|
|
570,920 |
| Lakewood Ranch Stewardship District Special Assessment RB for North East Sector
Project - Phase 1B Series 2018 (NR/NR) |
|
|
1,285,000 |
|
|
4.350 |
|
|
|
05/01/2024 |
|
|
1,323,537 |
|
|
1,970,000 |
|
|
4.750 |
|
|
|
05/01/2029 |
|
|
2,171,117 |
|
|
2,250,000 |
|
|
5.300 |
|
|
|
05/01/2039 |
|
|
2,526,413 |
| Lakewood Ranch Stewardship District Special Assessment RB for Villages of Lakewood
Ranch South Project Series 2016 (NR/NR) |
|
|
190,000 |
|
|
4.000 |
|
|
|
05/01/2021 |
|
|
191,116 |
|
|
225,000 |
|
|
4.250 |
|
|
|
05/01/2026 |
|
|
237,206 |
|
|
6,865,000 |
|
|
5.000 |
|
|
|
05/01/2036 |
|
|
7,490,470 |
|
|
4,755,000 |
|
|
5.125 |
|
|
|
05/01/2046 |
|
|
5,181,904 |
| Lakewood Ranch Stewardship District Special Assessment RB Refunding for Country
Club East Project Series 2020 (AGM) (AA/NR) |
|
|
500,000 |
|
|
2.000 |
|
|
|
05/01/2028 |
|
|
524,940 |
|
|
500,000 |
|
|
2.000 |
|
|
|
05/01/2029 |
|
|
520,070 |
| Lakewood Ranch Stewardship District Special Assessment Refunding for Northeast
Sector Project - Phase 2B Series 2020 (NR/NR)(f) |
|
|
410,000 |
|
|
2.500 |
|
|
|
05/01/2025 |
|
|
413,809 |
|
|
440,000 |
|
|
3.200 |
|
|
|
05/01/2030 |
|
|
453,147 |
| Lakewood Ranch Stewardship District The Isles at Lakewood Ranch Project Phase 1
Special Assessment Bonds Series 2019 (NR/NR) |
|
|
435,000 |
|
|
3.500 |
|
|
|
05/01/2024 |
|
|
445,819 |
|
|
275,000 |
|
|
3.875 |
|
|
|
05/01/2029 |
|
|
296,260 |
| Landings at Miami Community Development District Special Assessment Bonds Series
2018 (NR/NR)(f) |
|
|
155,000 |
|
|
3.625 |
|
|
|
11/01/2023 |
|
|
158,264 |
|
|
560,000 |
|
|
4.125 |
|
|
|
11/01/2028 |
|
|
597,968 |
|
|
250,000 |
|
|
4.750 |
|
|
|
11/01/2048 |
|
|
269,968 |
| Landmark at Doral Community Development District Senior Special Assessment
Refunding for North Parcel Assessment Area Series 2019 A-1 (BBB/NR) |
|
|
200,000 |
|
|
3.000 |
|
|
|
05/01/2021 |
|
|
201,378 |
|
|
445,000 |
|
|
3.000 |
|
|
|
05/01/2022 |
|
|
454,229 |
|
|
460,000 |
|
|
3.000 |
|
|
|
05/01/2023 |
|
|
475,364 |
|
|
375,000 |
|
|
3.000 |
|
|
|
05/01/2024 |
|
|
391,294 |
|
|
490,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
515,382 |
|
|
500,000 |
|
|
3.000 |
|
|
|
05/01/2026 |
|
|
529,790 |
|
|
520,000 |
|
|
3.000 |
|
|
|
05/01/2027 |
|
|
552,958 |
|
|
535,000 |
|
|
3.000 |
|
|
|
05/01/2028 |
|
|
569,384 |
|
|
550,000 |
|
|
3.000 |
|
|
|
05/01/2029 |
|
|
587,175 |
|
|
1,605,000 |
|
|
3.000 |
|
|
|
05/01/2035 |
|
|
1,656,456 |
| Landmark at Doral Community Development District Subordinate Special Assessment
Refunding for North Parcel Assessment Area Series 2019 A-2 (NR/NR) |
|
|
545,000 |
|
|
3.125 |
|
|
|
05/01/2024 |
|
|
552,876 |
|
|
535,000 |
|
|
3.375 |
|
|
|
05/01/2030 |
|
|
559,583 |
|
|
925,000 |
|
|
4.000 |
|
|
|
05/01/2038 |
|
|
988,825 |
| Lee County Moody River Estates Community Development District Special Assessment
Refunding Senior Series 2017 A-1 (A-/NR) |
|
|
330,000 |
|
|
3.500 |
|
|
|
05/01/2025 |
|
|
367,092 |
|
|
340,000 |
|
|
3.500 |
|
|
|
05/01/2026 |
|
|
383,850 |
|
|
500,000 |
|
|
4.000 |
|
|
|
05/01/2036 |
|
|
566,840 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
Interest
Rate |
|
|
Maturity
Date |
|
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Lee Memorial Health System Hospital RB Refunding Series 2019 A-2 (A+/A2)(b)(c) |
| $ |
|
11,700,000 |
|
|
5.000 |
% |
|
|
04/01/2026 |
|
|
$ 13,814,892 |
| Live Oak Lake Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
1,000,000 |
|
|
3.125 |
|
|
|
05/01/2025 |
|
|
1,011,040 |
| Long Lake Reserve Community Development District Special Assessment Bonds Series
2018 (NR/NR) |
|
|
1,430,000 |
|
|
5.000 |
|
|
|
05/01/2038 |
|
|
1,575,188 |
| Longleaf Community Development District Special Assessment Refunding Series 2006
(NR/NR) |
|
|
765,000 |
|
|
5.375 |
|
|
|
05/01/2030 |
|
|
742,310 |
| LT Ranch Community Development District Special Assessment
Series 2019
(NR/NR) |
|
|
840,000 |
|
|
3.000 |
|
|
|
05/01/2025 |
|
|
851,013 |
|
|
980,000 |
|
|
3.400 |
|
|
|
05/01/2030 |
|
|
1,020,464 |
|
|
1,420,000 |
|
|
4.000 |
|
|
|
05/01/2040 |
|
|
1,497,986 |
| Lucerne Park Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
235,000 |
|
|
3.800 |
|
|
|
05/01/2024 |
|
|
239,712 |
|
|
290,000 |
|
|
4.000 |
|
|
|
05/01/2029 |
|
|
306,385 |
| Lynwood Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
490,000 |
|
|
3.250 |
|
|
|
06/15/2024 |
|
|
498,158 |
|
|
885,000 |
|
|
3.625 |
|
|
|
06/15/2030 |
|
|
934,569 |
| McJunkin Parkland Community Development District Special Assessment Bonds Series
2018 (NR/NR)(f) |
|
|
1,000,000 |
|
|
4.750 |
|
|
|
11/01/2029 |
|
|
1,131,550 |
| Meadow Pines Community Development District Special Assessment Refunding Bonds
Senior Lien Series 2014 1 (A/NR) |
|
|
750,000 |
|
|
4.450 |
|
|
|
05/01/2030 |
|
|
825,180 |
| Mediterranea Community Development District Special Assessment Refunding &
Improvement Bonds for Area Two Project Series 2017 (NR/NR) |
|
|
155,000 |
|
|
3.500 |
|
|
|
05/01/2023 |
|
|
160,754 |
| Miami RB Refunding for Miami Tunnel Project Series 2012 (AA-/Aa3)(f) |
|
|
1,040,000 |
|
|
5.000 |
|
|
|
03/01/2030 |
|
|
1,139,944 |
| Miami RB Refunding for Miami Tunnel Project Series 2012 (NR/NR)(f)(g) |
|
|
8,460,000 |
|
|
5.000 |
|
|
|
03/01/2023 |
|
|
9,319,451 |
| Miami RB Refunding Parking System Series 2019 (BAM) (AA/A2) |
|
|
1,000,000 |
|
|
4.000 |
|
|
|
10/01/2037 |
|
|
1,189,200 |
|
|
900,000 |
|
|
4.000 |
|
|
|
10/01/2038 |
|
|
1,065,771 |
| Miami Special Obligation Non-Ad Valorem RB Refunding Series 2011 A (AGM) (AA/Aa3)(g) |
|
|
2,700,000 |
|
|
6.000 |
|
|
|
02/01/2021 |
|
|
2,711,529 |
| Miami World Center Community Development District Special Assessment Bonds Series
2017 (NR/NR) |
|
|
190,000 |
|
|
4.000 |
|
|
|
11/01/2023 |
|
|
194,750 |
|
|
1,000,000 |
|
|
4.750 |
|
|
|
11/01/2027 |
|
|
1,089,440 |
|
|
850,000 |
|
|
5.125 |
|
|
|
11/01/2039 |
|
|
941,843 |
|
|
2,350,000 |
|
|
5.250 |
|
|
|
11/01/2049 |
|
|
2,597,549 |
| Miami-Dade County Industrial Development Authority Solid Waste Disposal RB
Refunding for Waste Management, Inc. Project
Series 2018 A (AMT) (A-/NR)(b) |
|
|
(SIFMA Municipal Swap
Index Yield + 0.80%), |
|
|
|
|
|
7,935,000 |
|
|
0.890 |
|
|
|
11/01/2021 |
|
|
7,939,840 |
| Mitchell Ranch Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
240,000 |
|
|
3.125 |
|
|
|
12/15/2024 |
|
|
244,495 |
|
|
675,000 |
|
|
3.375 |
|
|
|
12/15/2030 |
|
|
700,191 |
|
|
1,500,000 |
|
|
4.000 |
|
|
|
12/15/2039 |
|
|
1,601,595 |
| Naples Reserve Community Development District Special Assessment Bonds Series 2014
(NR/NR) |
|
|
1,545,000 |
|
|
5.250 |
|
|
|
11/01/2035 |
|
|
1,676,572 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| New River Community Development District Special Assessment Refunding Senior Lien
Series 2020 A-1 (BBB/NR)(f) |
| $ |
|
|
125,000 |
|
|
|
3.500 |
% |
|
05/01/2026 |
|
$ 136,766 |
|
|
|
130,000 |
|
|
|
3.500 |
|
|
05/01/2027 |
|
143,588 |
|
|
|
135,000 |
|
|
|
3.500 |
|
|
05/01/2028 |
|
149,367 |
|
|
|
140,000 |
|
|
|
3.500 |
|
|
05/01/2029 |
|
156,646 |
|
|
|
700,000 |
|
|
|
3.500 |
|
|
05/01/2038 |
|
754,712 |
| New River Community Development District Special Assessment Refunding Senior Lien
Series 2020 A-1 (NR/NR)(f) |
|
|
|
75,000 |
|
|
|
3.125 |
|
|
05/01/2025 |
|
76,092 |
|
|
|
45,000 |
|
|
|
3.500 |
|
|
05/01/2031 |
|
46,893 |
| North Powerline Road Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
515,000 |
|
|
|
2.625 |
|
|
05/01/2025 |
|
515,834 |
|
|
|
495,000 |
|
|
|
3.125 |
|
|
05/01/2030 |
|
496,940 |
|
|
|
430,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
432,017 |
| North Sumter County Utility Dependent District RB for Central Sumter Utility Series
2019 (BAM) (AA/NR) |
|
|
|
655,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
875,060 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
10/01/2031 |
|
764,566 |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
10/01/2033 |
|
1,348,910 |
|
|
|
1,205,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
1,582,527 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
10/01/2036 |
|
1,305,110 |
|
|
|
1,975,000 |
|
|
|
5.000 |
|
|
10/01/2037 |
|
2,570,245 |
|
|
|
2,075,000 |
|
|
|
5.000 |
|
|
10/01/2038 |
|
2,683,328 |
|
|
|
2,180,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
2,802,891 |
|
|
|
2,630,000 |
|
|
|
5.000 |
|
|
10/01/2044 |
|
3,329,659 |
| Oak Creek Community Development District Special Assessment Refunding Bonds Series
2015 A-1 (A+/NR) |
|
|
|
1,150,000 |
|
|
|
4.450 |
|
|
05/01/2031 |
|
1,280,422 |
| Old Hickory Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
270,000 |
|
|
|
2.500 |
|
|
06/15/2025 |
|
272,551 |
|
|
|
300,000 |
|
|
|
3.000 |
|
|
06/15/2030 |
|
306,885 |
|
|
|
315,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
336,455 |
| Orange Blossom Ranch Community Development District Special Assessment Bonds Series
2019 (NR/NR) |
|
|
|
590,000 |
|
|
|
3.700 |
|
|
05/01/2024 |
|
608,892 |
|
|
|
825,000 |
|
|
|
4.100 |
|
|
05/01/2029 |
|
911,518 |
| Osceola Chain Lakes Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
|
295,000 |
|
|
|
3.250 |
|
|
05/01/2025 |
|
301,876 |
|
|
|
350,000 |
|
|
|
3.500 |
|
|
05/01/2030 |
|
365,831 |
| Osceola County Rolling Oaks Community Development District Special Assessment Bonds
Series 2016 (NR/NR) |
|
|
|
3,285,000 |
|
|
|
5.875 |
|
|
11/01/2037 |
|
3,808,563 |
|
|
|
3,500,000 |
|
|
|
6.000 |
|
|
11/01/2047 |
|
4,072,880 |
| Osceola County Rolling Oaks Community Development District Special Assessment Bonds
Series 2018 (NR/NR)(f) |
|
|
|
285,000 |
|
|
|
4.375 |
|
|
11/01/2023 |
|
294,177 |
|
|
|
640,000 |
|
|
|
4.875 |
|
|
11/01/2028 |
|
702,650 |
| Palm Beach County Health Facilities Authority RB for ACTS Retirement-Life
Communities, Inc. Obligated Group Series 2020 B (A-/NR) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
11/15/2041 |
|
278,853 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/15/2042 |
|
1,192,860 |
| Palm Beach County Health Facilities Authority RB for Lifespace Communities, Inc.
Obligated Group Series 2019 B (BBB/NR) |
|
|
|
2,300,000 |
|
|
|
4.000 |
|
|
05/15/2053 |
|
2,337,720 |
|
|
|
1,825,000 |
|
|
|
5.000 |
|
|
05/15/2053 |
|
1,990,017 |
| Palm Coast Park Community Development District Special Assessment for Assessment
Area One Series 2019 (NR/NR) |
|
|
|
205,000 |
|
|
|
3.400 |
|
|
05/01/2025 |
|
208,083 |
|
|
|
245,000 |
|
|
|
3.750 |
|
|
05/01/2030 |
|
255,440 |
|
|
|
965,000 |
|
|
|
4.150 |
|
|
05/01/2040 |
|
1,016,579 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Palm Glades Community Development District Senior Special Assessment Bonds Series
2018 A-1 (A/NR) |
| $ |
|
|
215,000 |
|
|
|
3.500 |
% |
|
11/01/2025 |
|
$ 241,052 |
|
|
|
225,000 |
|
|
|
3.500 |
|
|
11/01/2026 |
|
255,496 |
|
|
|
230,000 |
|
|
|
3.500 |
|
|
11/01/2027 |
|
262,253 |
|
|
|
240,000 |
|
|
|
3.500 |
|
|
11/01/2028 |
|
278,093 |
|
|
|
585,000 |
|
|
|
4.000 |
|
|
11/01/2033 |
|
682,350 |
| Palm Glades Community Development District Special Assessment Bonds Series 2020
(NR/NR)(f) |
|
|
|
785,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
855,069 |
| Palm Glades Community Development District Special Assessment Refunding Bonds
Series 2016 (A/NR) |
|
|
|
520,000 |
|
|
|
2.500 |
|
|
05/01/2022 |
|
530,078 |
|
|
|
530,000 |
|
|
|
2.750 |
|
|
05/01/2023 |
|
554,417 |
|
|
|
350,000 |
|
|
|
3.750 |
|
|
05/01/2031 |
|
387,751 |
|
|
|
1,045,000 |
|
|
|
4.000 |
|
|
05/01/2036 |
|
1,158,006 |
| Palm Glades Community Development District Special Assessment Refunding Bonds
Series 2017 (BBB-/NR) |
|
|
|
145,000 |
|
|
|
3.500 |
|
|
05/01/2021 |
|
145,738 |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
05/01/2027 |
|
318,759 |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
05/01/2039 |
|
3,913,035 |
| Parkland Preserve Community Development District Special Assessment RB Series 2019
A (NR/NR) |
|
|
|
235,000 |
|
|
|
4.500 |
|
|
05/01/2024 |
|
241,749 |
|
|
|
465,000 |
|
|
|
4.750 |
|
|
05/01/2030 |
|
508,678 |
| Parkview at Long Lake Ranch Community Development District Special Assessment
Series 2020 (NR/NR) |
|
|
|
625,000 |
|
|
|
3.125 |
|
|
05/01/2030 |
|
640,781 |
|
|
|
800,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
824,120 |
| Parkway Center Community Development District Special Assessment for Amenity
Projects Series 2018-2 (A-/NR) |
|
|
|
350,000 |
|
|
|
4.250 |
|
|
05/01/2031 |
|
413,444 |
|
|
|
1,030,000 |
|
|
|
4.500 |
|
|
05/01/2038 |
|
1,210,477 |
| Parkway Center Community Development District Special Assessment Refunding Series
2018-1 (BBB/NR) |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
05/01/2026 |
|
293,673 |
|
|
|
275,000 |
|
|
|
4.000 |
|
|
05/01/2027 |
|
309,831 |
|
|
|
285,000 |
|
|
|
4.125 |
|
|
05/01/2028 |
|
326,180 |
| Paseo Community Development District Capital Improvement RB Refunding Series 2018
(A-/NR) |
|
|
|
445,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
482,674 |
|
|
|
480,000 |
|
|
|
4.000 |
|
|
05/01/2026 |
|
540,758 |
|
|
|
520,000 |
|
|
|
4.000 |
|
|
05/01/2028 |
|
599,529 |
|
|
|
1,335,000 |
|
|
|
4.500 |
|
|
05/01/2031 |
|
1,602,587 |
| Pentathlon Community Development District Special Assessment Revenue Refunding
Series 2012 (A-/NR) |
|
|
|
1,330,000 |
|
|
|
4.500 |
|
|
11/01/2033 |
|
1,369,834 |
| Pine Ridge Plantation Community Development District Special Assessment Refunding
Bonds 2020 A-1 (AGM) (AA/NR) |
|
|
|
545,000 |
|
|
|
2.000 |
|
|
05/01/2028 |
|
557,568 |
|
|
|
555,000 |
|
|
|
2.000 |
|
|
05/01/2029 |
|
562,448 |
|
|
|
565,000 |
|
|
|
2.125 |
|
|
05/01/2030 |
|
571,757 |
|
|
|
1,000,000 |
|
|
|
2.625 |
|
|
05/01/2034 |
|
1,020,990 |
|
|
|
995,000 |
|
|
|
2.800 |
|
|
05/01/2037 |
|
1,018,054 |
| Pine Ridge Plantation Community Development District Special Assessment Refunding
Bonds 2020 A-2 (NR/NR) |
|
|
|
590,000 |
|
|
|
2.750 |
|
|
05/01/2025 |
|
596,095 |
| Pinellas County Industrial Development Authority RB for Drs. Kiran & Pallavi
Patel 2017 Foundation for Global Understanding, Inc. Project Series 2019 (NR/NR) |
|
|
|
2,700,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
3,073,896 |
| Portico Community Development District Special Assessment Bonds Series 2020-2
(NR/NR) |
|
|
|
100,000 |
|
|
|
2.875 |
|
|
05/01/2025 |
|
101,498 |
|
|
|
170,000 |
|
|
|
3.250 |
|
|
05/01/2031 |
|
174,209 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Portico Community Development District Special Assessment Refunding Series 2020-1
(NR/NR) |
| $ |
|
|
2,055,000 |
|
|
|
2.800 |
% |
|
05/01/2025 |
|
$ 2,075,756 |
|
|
|
3,265,000 |
|
|
|
3.200 |
|
|
05/01/2031 |
|
3,337,254 |
|
|
|
1,875,000 |
|
|
|
3.500 |
|
|
05/01/2037 |
|
1,910,925 |
| Preserve at South Branch Community Development District Special Assessment Phase 1
Series 2018 (NR/NR) |
|
|
|
275,000 |
|
|
|
4.750 |
|
|
11/01/2029 |
|
297,880 |
| Preserve at South Branch Community Development District Special Assessment Phase 2
RB Series 2019 (NR/NR) |
|
|
|
100,000 |
|
|
|
3.250 |
|
|
11/01/2024 |
|
101,941 |
|
|
|
555,000 |
|
|
|
3.500 |
|
|
11/01/2030 |
|
576,717 |
| Randal Park Community Development District Randal Walk Special Assessment RB Series
2018 (NR/NR)(f) |
|
|
|
120,000 |
|
|
|
4.100 |
|
|
05/01/2024 |
|
122,771 |
|
|
|
185,000 |
|
|
|
4.500 |
|
|
05/01/2029 |
|
199,715 |
| Randal Park Community Development District Special Assessment RB Series 2015
(NR/NR) |
|
|
|
455,000 |
|
|
|
4.250 |
|
|
11/01/2025 |
|
474,529 |
| Reedy Creek Improvement District Refundig GO Bonds Series 2020 A
(AA-/Aa3) |
|
|
|
3,020,000 |
|
|
|
1.769 |
|
|
06/01/2025 |
|
3,150,585 |
|
|
|
3,230,000 |
|
|
|
1.869 |
|
|
06/01/2026 |
|
3,382,843 |
|
|
|
3,070,000 |
|
|
|
1.969 |
|
|
06/01/2027 |
|
3,218,005 |
| Reunion East Community Development District Special Assessment Refunding Bonds
Series 2015 A (NR/NR) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
817,358 |
| Reunion West Community Development District Special Assessment Bonds for Assessment
Area 5 Project Series 2019 (NR/NR) |
|
|
|
250,000 |
|
|
|
3.750 |
|
|
05/01/2024 |
|
254,847 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
05/01/2030 |
|
448,983 |
| Rhodine Road North Community Development District Special Assessment Bonds Series
2019 (NR/NR) |
|
|
|
165,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
168,767 |
|
|
|
415,000 |
|
|
|
4.000 |
|
|
05/01/2030 |
|
445,345 |
|
|
|
620,000 |
|
|
|
4.500 |
|
|
05/01/2040 |
|
672,651 |
|
|
|
620,000 |
|
|
|
4.750 |
|
|
05/01/2050 |
|
674,107 |
| River Bend Community Development District Special Assessment RB Refunding Senior
Series 2016 A-1 (A-/NR) |
|
|
|
2,390,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
2,679,429 |
|
|
|
890,000 |
|
|
|
4.000 |
|
|
05/01/2035 |
|
978,439 |
| River Hall Community Development District Special Assessment for Assessment Area 3
Series 2020 A (NR/NR) |
|
|
|
605,000 |
|
|
|
2.750 |
|
|
05/01/2025 |
|
612,635 |
|
|
|
525,000 |
|
|
|
3.250 |
|
|
05/01/2031 |
|
542,057 |
| River Landing Community Development District Special Assessment Series 2020 A
(NR/NR) |
|
|
|
325,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
327,662 |
|
|
|
475,000 |
|
|
|
3.600 |
|
|
05/01/2030 |
|
484,899 |
| Saddle Creek Preserve of Polk County Community Development District Special
Assessment Bonds Series 2020 (NR/NR) |
|
|
|
565,000 |
|
|
|
2.500 |
|
|
06/15/2025 |
|
570,209 |
|
|
|
320,000 |
|
|
|
3.000 |
|
|
06/15/2030 |
|
326,058 |
|
|
|
290,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
308,290 |
| Sampson Creek Community Development District Special Assessment Bonds Series 2020
(AGM) (AA/NR) |
|
|
|
705,000 |
|
|
|
2.375 |
|
|
05/01/2035 |
|
723,683 |
|
|
|
1,425,000 |
|
|
|
2.625 |
|
|
05/01/2040 |
|
1,483,382 |
| San Simeon Community Development District Special Assessment Bonds Series 2019
(NR/NR)(f) |
|
|
|
560,000 |
|
|
|
3.375 |
|
|
06/15/2024 |
|
573,138 |
|
|
|
1,000,000 |
|
|
|
3.750 |
|
|
06/15/2031 |
|
1,078,850 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Scenic Highway Community Development District Special Assessment Series 2020
(NR/NR) |
| $ |
|
|
650,000 |
|
|
|
2.750 |
% |
|
05/01/2025 |
|
$ 649,987 |
|
|
|
465,000 |
|
|
|
3.250 |
|
|
05/01/2030 |
|
464,986 |
|
|
|
560,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
559,978 |
| Shell Point Community Development District Special Assessment Bonds Series 2019
(NR/NR)(f) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
256,860 |
|
|
|
740,000 |
|
|
|
4.500 |
|
|
11/01/2029 |
|
797,320 |
| Sherwood Manor Community Development District Special Assessment Bonds Series 2018
(NR/NR)(f) |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
194,125 |
| Shingle Creek Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
1,210,000 |
|
|
|
3.625 |
|
|
05/01/2024 |
|
1,252,798 |
|
|
|
1,895,000 |
|
|
|
4.000 |
|
|
05/01/2029 |
|
2,109,192 |
|
|
|
5,000,000 |
|
|
|
4.750 |
|
|
05/01/2039 |
|
5,735,150 |
| Six Mile Creek Community Development District Special Assessment Refunding for Area
2 Phase 3A Project Series 2020 (NR/NR) |
|
|
|
350,000 |
|
|
|
3.125 |
|
|
11/01/2025 |
|
357,592 |
|
|
|
505,000 |
|
|
|
3.625 |
|
|
11/01/2031 |
|
531,790 |
|
|
|
300,000 |
|
|
|
4.125 |
|
|
11/01/2040 |
|
319,053 |
| South Fork East Community Development District Capital Improvement RB Refunding
Series 2017 (BBB/NR) |
|
|
|
420,000 |
|
|
|
3.000 |
|
|
05/01/2023 |
|
437,602 |
|
|
|
435,000 |
|
|
|
3.250 |
|
|
05/01/2024 |
|
464,345 |
|
|
|
445,000 |
|
|
|
3.450 |
|
|
05/01/2025 |
|
484,378 |
|
|
|
465,000 |
|
|
|
3.625 |
|
|
05/01/2026 |
|
514,476 |
|
|
|
990,000 |
|
|
|
4.125 |
|
|
05/01/2036 |
|
1,097,178 |
| South Fork III Community Development District Parcels V and W Special Assessment
Bonds Series 2019 (NR/NR)(f) |
|
|
|
475,000 |
|
|
|
4.250 |
|
|
11/01/2024 |
|
489,079 |
|
|
|
730,000 |
|
|
|
4.500 |
|
|
11/01/2029 |
|
787,422 |
| South Fork III Community Development District Special Assessment RB Refunding
Series 2018 (NR/NR) |
|
|
|
390,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
400,538 |
|
|
|
590,000 |
|
|
|
4.625 |
|
|
05/01/2029 |
|
645,230 |
| South Kendall Community Development District Special Assessment Refunding Series
2016 (BBB/NR) |
|
|
|
350,000 |
|
|
|
2.500 |
|
|
11/01/2023 |
|
363,611 |
|
|
|
355,000 |
|
|
|
2.750 |
|
|
11/01/2024 |
|
375,381 |
|
|
|
370,000 |
|
|
|
3.000 |
|
|
11/01/2025 |
|
397,243 |
|
|
|
585,000 |
|
|
|
4.250 |
|
|
11/01/2037 |
|
650,947 |
| South-Dade Venture Community Development District Special Assessment RB Refunding
Series 2012 (BBB/NR) |
|
|
|
1,000,000 |
|
|
|
5.125 |
|
|
05/01/2033 |
|
1,047,920 |
| Southern Groves Community Development District No. 5 Special Assessment Refunding
Series 2019 (NR/NR) |
|
|
|
165,000 |
|
|
|
2.875 |
|
|
05/01/2024 |
|
166,931 |
|
|
|
300,000 |
|
|
|
3.250 |
|
|
05/01/2029 |
|
311,940 |
| Southern Groves Community Development District No. 5 Special Assessment Series 2020
(NR/NR) |
|
|
|
400,000 |
|
|
|
3.375 |
|
|
05/01/2025 |
|
407,576 |
|
|
|
235,000 |
|
|
|
4.000 |
|
|
05/01/2030 |
|
249,699 |
|
|
|
435,000 |
|
|
|
4.300 |
|
|
05/01/2040 |
|
464,959 |
|
|
|
315,000 |
|
|
|
4.500 |
|
|
05/01/2046 |
|
335,853 |
| Stonebrier Community Development District Special Assessment Refunding Series 2016
(A-/NR) |
|
|
|
265,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
275,062 |
|
|
|
270,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
284,621 |
|
|
|
280,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
303,926 |
|
|
|
290,000 |
|
|
|
3.000 |
|
|
05/01/2026 |
|
319,113 |
| Stoneybrook South at Championsgate Community Development District Special
Assessment Bonds Series 2019 (NR/NR) |
|
|
|
325,000 |
|
|
|
3.500 |
|
|
06/15/2024 |
|
333,284 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
06/15/2030 |
|
543,760 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Stoneybrook South Community Development District Special Assessment Series 2020
(NR/NR)(f) |
| $ |
|
|
675,000 |
|
|
|
2.500 |
% |
|
12/15/2025 |
|
$ 677,518 |
|
|
|
500,000 |
|
|
|
3.000 |
|
|
12/15/2030 |
|
504,620 |
|
|
|
1,000,000 |
|
|
|
3.500 |
|
|
12/15/2040 |
|
1,010,890 |
| Storey Creek Community Development District Special Assessment Bonds for Assessment
Area One Project Series 2019 (NR/NR) |
|
|
|
255,000 |
|
|
|
3.125 |
|
|
12/15/2025 |
|
261,928 |
|
|
|
500,000 |
|
|
|
3.625 |
|
|
12/15/2030 |
|
531,830 |
|
|
|
870,000 |
|
|
|
4.000 |
|
|
12/15/2039 |
|
918,207 |
| Summer Woods Community Development District Special Assessment for Assessment Area
Two Project Series 2020 (NR/NR) |
|
|
|
375,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
379,875 |
|
|
|
500,000 |
|
|
|
3.300 |
|
|
05/01/2031 |
|
514,040 |
|
|
|
825,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
853,883 |
| Summerstone Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
165,000 |
|
|
|
3.250 |
|
|
05/01/2030 |
|
169,366 |
| Sweetwater Creek Community Development District Capital Improvement Special
Assessment RB Refunding Series 2019 A-1 (AGM) (AA/NR) |
|
|
|
400,000 |
|
|
|
2.500 |
|
|
05/01/2029 |
|
423,920 |
|
|
|
720,000 |
|
|
|
2.875 |
|
|
05/01/2033 |
|
768,564 |
|
|
|
1,440,000 |
|
|
|
3.000 |
|
|
05/01/2038 |
|
1,531,037 |
| Sweetwater Creek Community Development District Capital Improvement Special
Assessment RB Refunding Series 2019 A-2 (NR/NR) |
|
|
|
1,190,000 |
|
|
|
3.500 |
|
|
05/01/2029 |
|
1,238,861 |
| Talis Park Community Development District Capital Improvement RB Refunding Senior
Series 2016 A-1 (BBB+/NR) |
|
|
|
190,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
197,571 |
|
|
|
190,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
199,586 |
|
|
|
200,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
215,152 |
|
|
|
205,000 |
|
|
|
3.000 |
|
|
05/01/2026 |
|
223,911 |
|
|
|
1,135,000 |
|
|
|
3.500 |
|
|
05/01/2031 |
|
1,244,834 |
|
|
|
1,370,000 |
|
|
|
4.000 |
|
|
05/01/2036 |
|
1,513,754 |
| Tampa Bay Water Utility System RB Refunding Series 2015 A
(AA+/Aa1) |
|
|
|
10,160,000 |
|
|
|
4.000 |
|
|
10/01/2028 |
|
11,737,441 |
|
|
|
4,225,000 |
|
|
|
4.000 |
|
|
10/01/2029 |
|
4,865,637 |
| Tampa-Hillsborough County Expressway Authority RB Series 2017
(A+/A2) |
|
|
|
6,175,000 |
|
|
|
5.000 |
|
|
07/01/2047 |
|
7,430,625 |
| Tampa-Hillsborough County Expressway Authority RB Series 2017 C
(A+/A2) |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
2,361,450 |
| Tapestry Community Development District Special Assessment RB Series 2016
(NR/NR) |
|
|
|
1,115,000 |
|
|
|
4.800 |
|
|
05/01/2036 |
|
1,191,879 |
| The Lee County School Board COPS Series 2020 A (AA-/Aa3) |
|
|
|
825,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
1,027,067 |
|
|
|
825,000 |
|
|
|
5.000 |
|
|
08/01/2027 |
|
1,051,611 |
|
|
|
690,000 |
|
|
|
5.000 |
|
|
08/01/2028 |
|
897,262 |
| The Miami-Dade County School Board COPS Series 2010 A (A+/Aa3) |
|
|
|
10,000,000 |
|
|
|
6.235 |
|
|
06/15/2027 |
|
12,735,300 |
| Tison’s Landing Community Development District Special Assessment RB Refunding
& Improvement Bonds Senior Series 2016 A-1 (A+/NR) |
|
|
|
205,000 |
|
|
|
3.000 |
|
|
05/01/2027 |
|
223,122 |
|
|
|
210,000 |
|
|
|
3.125 |
|
|
05/01/2028 |
|
229,824 |
|
|
|
230,000 |
|
|
|
3.375 |
|
|
05/01/2032 |
|
249,309 |
| Tolomato Community Development District Special Assessment GO Refunding Bonds
Senior Lien Series 2018 A-1 (AGM) (AA/NR) |
|
|
|
345,000 |
|
|
|
3.500 |
|
|
05/01/2032 |
|
393,252 |
| Tolomato Community Development District Special Assessment GO Refunding Bonds
Subordinate Lien Series 2018 A-2 (NR/NR)(f) |
|
|
|
550,000 |
|
|
|
5.200 |
|
|
05/01/2028 |
|
589,034 |
| Tolomato Community Development District Special Assessment GO Refunding Bonds
Subordinate Lien Series 2018 B-2 (NR/NR) |
|
|
|
300,000 |
|
|
|
4.625 |
|
|
05/01/2028 |
|
324,144 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Tolomato Community Development District Special Assessment RB Refunding Series 2019
A-1 (AGM) (AA/NR) |
| $ |
|
|
4,705,000 |
|
|
|
3.000 |
% |
|
05/01/2033 |
|
$ 5,235,206 |
|
|
|
5,295,000 |
|
|
|
3.000 |
|
|
05/01/2037 |
|
5,883,804 |
| Tolomato Community Development District Special Assessment RB Refunding Series 2019
A-2 (NR/NR) |
|
|
|
565,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
583,097 |
|
|
|
765,000 |
|
|
|
3.850 |
|
|
05/01/2029 |
|
834,707 |
| Tolomato Community Development District Special Assessment Refunding Bonds Series
2019 B (AGM) (AA/NR) |
|
|
|
2,025,000 |
|
|
|
3.000 |
|
|
05/01/2033 |
|
2,253,197 |
|
|
|
4,925,000 |
|
|
|
3.000 |
|
|
05/01/2040 |
|
5,432,817 |
| Tolomato Community Development District Special Assessment Refunding Bonds Series
2019 C (NR/NR)(f) |
|
|
|
2,020,000 |
|
|
|
3.450 |
|
|
05/01/2024 |
|
2,084,660 |
|
|
|
2,975,000 |
|
|
|
3.750 |
|
|
05/01/2029 |
|
3,239,448 |
| Toscana Isles Community Development District Special Assessment RB Series 2018
(NR/NR) |
|
|
|
815,000 |
|
|
|
4.375 |
|
|
11/01/2023 |
|
840,118 |
|
|
|
2,005,000 |
|
|
|
5.000 |
|
|
11/01/2029 |
|
2,211,736 |
|
|
|
100,000 |
|
|
|
5.375 |
|
|
11/01/2039 |
|
115,813 |
| Touchstone Community Development District Special Assessment Bonds Series 2018
(NR/NR)(f) |
|
|
|
505,000 |
|
|
|
4.250 |
|
|
06/15/2028 |
|
549,172 |
| Touchstone Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
320,000 |
|
|
|
3.125 |
|
|
12/15/2025 |
|
330,630 |
|
|
|
735,000 |
|
|
|
3.625 |
|
|
12/15/2031 |
|
796,961 |
|
|
|
450,000 |
|
|
|
4.000 |
|
|
12/15/2040 |
|
485,109 |
| Town of Davie RB Refunding for Nova Southeastern University, Inc. Series 2018
(A-/Baa1) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
928,335 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
04/01/2031 |
|
798,960 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
04/01/2033 |
|
668,652 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
04/01/2048 |
|
5,872,500 |
| Town of Palm Beach GO Bonds for Underground Utility Project
Series 2018
(AAA/Aaa) |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
07/01/2043 |
|
2,332,440 |
|
|
|
7,000,000 |
|
|
|
4.000 |
|
|
07/01/2047 |
|
8,101,310 |
| Towne Park Community Development District Special Assessment Area 3B Project Series
2019 (NR/NR) |
|
|
|
135,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
137,122 |
|
|
|
360,000 |
|
|
|
4.000 |
|
|
05/01/2030 |
|
382,140 |
|
|
|
595,000 |
|
|
|
4.375 |
|
|
05/01/2039 |
|
642,969 |
| Towne Park Community Development District Special Assessment Area 3D Project Series
2020 (NR/NR)(f) |
|
|
|
415,000 |
|
|
|
3.125 |
|
|
05/01/2030 |
|
415,809 |
|
|
|
475,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
476,102 |
| Trevesta Community Development District Special Assessment Area 1 Phase 2 Project
Series 2018 (NR/NR)(f) |
|
|
|
275,000 |
|
|
|
4.375 |
|
|
11/01/2024 |
|
283,905 |
|
|
|
500,000 |
|
|
|
5.250 |
|
|
11/01/2039 |
|
556,570 |
| Trevesta Community Development District Special Assessment Area 2 Project Series
2020 (NR/NR)(f) |
|
|
|
465,000 |
|
|
|
2.500 |
|
|
05/01/2025 |
|
469,357 |
|
|
|
235,000 |
|
|
|
3.250 |
|
|
05/01/2030 |
|
241,056 |
| Triple Creek Community Development District Special Assessment Series 2019 A
(NR/NR) |
|
|
|
310,000 |
|
|
|
3.875 |
|
|
05/01/2024 |
|
317,046 |
|
|
|
490,000 |
|
|
|
4.125 |
|
|
05/01/2029 |
|
522,154 |
| Triple Creek Community Development District Special Assessment Series 2019 B
(NR/NR) |
|
|
|
1,220,000 |
|
|
|
4.875 |
|
|
05/01/2032 |
|
1,359,385 |
| TSR Community Development District Special Assessment Bonds for Northwest
Assessment Area Series 2017 (NR/NR)(f) |
|
|
|
3,955,000 |
|
|
|
4.625 |
|
|
11/01/2038 |
|
4,237,664 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| TSR Community Development District Special Assessment Bonds for Northwest
Assessment Area Series 2018 (NR/NR) |
| $ |
|
|
205,000 |
|
|
|
4.000 |
% |
|
11/01/2024 |
|
$ 211,453 |
|
|
|
495,000 |
|
|
|
4.500 |
|
|
11/01/2029 |
|
539,392 |
| TSR Community Development District Special Assessment RB for 2016 Project Series
2016 (NR/NR) |
|
|
|
2,000,000 |
|
|
|
4.750 |
|
|
11/01/2047 |
|
2,141,120 |
| TSR Community Development District Special Assessment RB for Downtown Neighborhood
Assessment Area Series 2019 (NR/NR) |
|
|
|
405,000 |
|
|
|
3.000 |
|
|
11/01/2024 |
|
412,663 |
|
|
|
700,000 |
|
|
|
3.375 |
|
|
11/01/2030 |
|
730,443 |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
11/01/2050 |
|
104,091 |
| TSR Community Development District Special Assessment RB for Village 1 Project
Series 2015 (NR/NR) |
|
|
|
530,000 |
|
|
|
4.375 |
|
|
11/01/2025 |
|
554,009 |
| Turnbull Creek Community Development District Senior Special Assessment Refunding
Bonds Series 2015 A-1 (A/NR) |
|
|
|
1,000,000 |
|
|
|
4.250 |
|
|
05/01/2031 |
|
1,105,110 |
| Two Creeks Community Development District RB Refunding for Capital Improvement
Senior Lien Series 2016 A-1 (A/NR) |
|
|
|
350,000 |
|
|
|
2.125 |
|
|
05/01/2022 |
|
355,481 |
|
|
|
360,000 |
|
|
|
2.250 |
|
|
05/01/2023 |
|
371,858 |
|
|
|
365,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
384,028 |
|
|
|
375,000 |
|
|
|
2.625 |
|
|
05/01/2025 |
|
402,428 |
|
|
|
390,000 |
|
|
|
3.000 |
|
|
05/01/2026 |
|
431,285 |
|
|
|
400,000 |
|
|
|
3.125 |
|
|
05/01/2027 |
|
442,492 |
|
|
|
415,000 |
|
|
|
3.250 |
|
|
05/01/2028 |
|
456,388 |
| Two Creeks Community Development District RB Refunding for Capital Improvement
Subordinate Lien Series 2016 A-2 (NR/NR) |
|
|
|
230,000 |
|
|
|
4.200 |
|
|
05/01/2026 |
|
238,478 |
| Two Lakes Community Development District Special Assessment Expansion Area Series
2019 (NR/NR) |
|
|
|
405,000 |
|
|
|
3.000 |
|
|
12/15/2024 |
|
414,453 |
|
|
|
1,000,000 |
|
|
|
3.375 |
|
|
12/15/2030 |
|
1,051,720 |
| Two Lakes Community Development District Special Assessment
Series 2017 (NR/NR)(f) |
|
|
|
1,370,000 |
|
|
|
5.000 |
|
|
12/15/2032 |
|
1,637,109 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/15/2037 |
|
2,381,220 |
|
|
|
4,470,000 |
|
|
|
5.000 |
|
|
12/15/2047 |
|
5,234,325 |
| University Park Recreation District Special Assessment Series 2019 (BAM)
(AA/NR) |
|
|
|
300,000 |
|
|
|
2.500 |
|
|
05/01/2027 |
|
327,186 |
|
|
|
310,000 |
|
|
|
2.500 |
|
|
05/01/2028 |
|
339,900 |
|
|
|
315,000 |
|
|
|
2.625 |
|
|
05/01/2029 |
|
349,779 |
|
|
|
1,060,000 |
|
|
|
3.000 |
|
|
05/01/2034 |
|
1,188,143 |
|
|
|
2,130,000 |
|
|
|
3.125 |
|
|
05/01/2038 |
|
2,381,148 |
|
|
|
1,725,000 |
|
|
|
3.250 |
|
|
05/01/2040 |
|
1,936,244 |
| V-Dana Community Development District Special Assessment for Assessment Area One
Series 2020 (NR/NR)(f) |
|
|
|
450,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
457,164 |
|
|
|
525,000 |
|
|
|
3.500 |
|
|
05/01/2031 |
|
546,026 |
|
|
|
875,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
918,794 |
| Ventana Community Development District Special Assessment RB Series 2018 (NR/NR)(f) |
|
|
|
410,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
419,459 |
|
|
|
1,000,000 |
|
|
|
4.625 |
|
|
05/01/2029 |
|
1,067,040 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2038 |
|
1,098,930 |
| Veranda Community Development District II Special Assessment Area 1 Gardens East
Project Series 2018 A (NR/NR) |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
273,403 |
|
|
|
395,000 |
|
|
|
4.500 |
|
|
11/01/2029 |
|
433,248 |
| Veranda Community Development District II Special Assessment Area 1 Preserve West
Project Series 2018 A (NR/NR) |
|
|
|
240,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
247,629 |
|
|
|
375,000 |
|
|
|
4.500 |
|
|
11/01/2029 |
|
411,364 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Verandah East Community Development District Special Assessment Refunding &
Improvement RB Series 2016 (NR/NR) |
| $ |
|
|
1,560,000 |
|
|
|
3.750 |
% |
|
05/01/2026 |
|
$ 1,611,776 |
|
|
|
1,000,000 |
|
|
|
4.250 |
|
|
05/01/2037 |
|
1,045,490 |
| Verano #1 Community Development District Senior Special Assessment Refunding for
Community Infrastructure Project Series 2017 A-1 (BBB/NR)(f) |
|
|
|
345,000 |
|
|
|
3.250 |
|
|
05/01/2024 |
|
368,505 |
|
|
|
355,000 |
|
|
|
3.500 |
|
|
05/01/2025 |
|
387,780 |
|
|
|
370,000 |
|
|
|
3.625 |
|
|
05/01/2026 |
|
412,576 |
| Verano #1 Community Development District Special Assessment Bonds for District #1
Project Series 2015 (NR/NR) |
|
|
|
445,000 |
|
|
|
4.750 |
|
|
11/01/2025 |
|
465,848 |
| Verano No. 2 Community Development District Special Assessment Bonds for POD C
Project Series 2020 (NR/NR) |
|
|
|
250,000 |
|
|
|
3.250 |
|
|
05/01/2031 |
|
256,690 |
|
|
|
235,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
246,271 |
| Verano No. 2 Community Development District Special Assessment Bonds for POD D
Project Series 2020 (NR/NR) |
|
|
|
250,000 |
|
|
|
2.875 |
|
|
05/01/2025 |
|
253,342 |
|
|
|
250,000 |
|
|
|
3.250 |
|
|
05/01/2031 |
|
256,680 |
|
|
|
1,050,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
1,100,348 |
| Verano No. 2 Community Development District Special Assessment Bonds for POD E
Project Series 2020 (NR/NR) |
|
|
|
190,000 |
|
|
|
2.875 |
|
|
05/01/2025 |
|
192,558 |
|
|
|
250,000 |
|
|
|
3.250 |
|
|
05/01/2031 |
|
256,685 |
|
|
|
815,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
854,079 |
| Verona Walk Community Development District Special Assessment Senior Lien RB
Refunding for Capital Improvement Series 2013 A-1 (A/NR) |
|
|
|
495,000 |
|
|
|
4.250 |
|
|
05/01/2030 |
|
529,779 |
| Viera East Community Development District Special Assessment Bonds Series 2020
(AGM) (AA/NR) |
|
|
|
380,000 |
|
|
|
2.000 |
|
|
05/01/2027 |
|
388,725 |
|
|
|
385,000 |
|
|
|
2.000 |
|
|
05/01/2028 |
|
389,620 |
|
|
|
395,000 |
|
|
|
2.000 |
|
|
05/01/2029 |
|
395,438 |
|
|
|
150,000 |
|
|
|
2.125 |
|
|
05/01/2030 |
|
150,015 |
| Villa Portofino East Community Development District Special Assessment Refunding
Series 2019 (NR/NR) |
|
|
|
415,000 |
|
|
|
3.125 |
|
|
05/01/2025 |
|
425,612 |
|
|
|
500,000 |
|
|
|
3.500 |
|
|
05/01/2030 |
|
528,585 |
|
|
|
930,000 |
|
|
|
3.750 |
|
|
05/01/2037 |
|
981,131 |
| Village Community Development District No. 12 Special Assessment RB Series 2018
(NR/NR)(f) |
|
|
|
975,000 |
|
|
|
3.250 |
|
|
05/01/2023 |
|
995,251 |
|
|
|
970,000 |
|
|
|
3.800 |
|
|
05/01/2028 |
|
1,050,345 |
|
|
|
1,940,000 |
|
|
|
4.000 |
|
|
05/01/2033 |
|
2,132,196 |
| Village Community Development District No. 13 Special Assessment RB Series 2019
(NR/NR) |
|
|
|
1,445,000 |
|
|
|
2.625 |
|
|
05/01/2024 |
|
1,471,964 |
|
|
|
1,250,000 |
|
|
|
3.000 |
|
|
05/01/2029 |
|
1,319,825 |
|
|
|
1,500,000 |
|
|
|
3.375 |
|
|
05/01/2034 |
|
1,600,050 |
|
|
|
3,960,000 |
|
|
|
3.550 |
|
|
05/01/2039 |
|
4,203,302 |
| Village Community Development District No. 13 Special Assessment RB Series 2020
(NR/NR)(f) |
|
|
|
2,305,000 |
|
|
|
1.875 |
|
|
05/01/2025 |
|
2,333,559 |
|
|
|
2,950,000 |
|
|
|
2.625 |
|
|
05/01/2030 |
|
3,043,397 |
|
|
|
3,400,000 |
|
|
|
3.000 |
|
|
05/01/2035 |
|
3,508,426 |
| Village Community Development District No. 6 Special Assessment RB Refunding Series
2017 (A-/NR) |
|
|
|
330,000 |
|
|
|
4.000 |
|
|
05/01/2026 |
|
377,771 |
|
|
|
330,000 |
|
|
|
4.000 |
|
|
05/01/2027 |
|
382,463 |
|
|
|
335,000 |
|
|
|
4.000 |
|
|
05/01/2028 |
|
385,679 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
05/01/2029 |
|
400,190 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Village Community Development District No. 6 Special Assessment RB Refunding Series
2017 (BAM) (AA/NR) |
| $ |
|
|
1,860,000 |
|
|
|
3.500 |
% |
|
05/01/2032 |
|
$ 2,073,156 |
|
|
|
2,180,000 |
|
|
|
4.000 |
|
|
05/01/2037 |
|
2,428,171 |
| Villamar Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
155,000 |
|
|
|
3.750 |
|
|
05/01/2024 |
|
158,106 |
|
|
|
230,000 |
|
|
|
4.000 |
|
|
05/01/2029 |
|
243,646 |
| Villamar Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
265,000 |
|
|
|
2.625 |
|
|
05/01/2025 |
|
267,326 |
|
|
|
245,000 |
|
|
|
3.200 |
|
|
05/01/2030 |
|
250,182 |
| Vizcaya In Kendall Community Development District Special Assessment Bonds Series
2016 (BBB-/NR) |
|
|
|
220,000 |
|
|
|
2.750 |
|
|
11/01/2024 |
|
231,952 |
|
|
|
225,000 |
|
|
|
3.000 |
|
|
11/01/2025 |
|
241,022 |
|
|
|
230,000 |
|
|
|
3.200 |
|
|
11/01/2026 |
|
248,635 |
|
|
|
1,400,000 |
|
|
|
4.125 |
|
|
11/01/2046 |
|
1,504,608 |
| Waterford Landing Community Development District Capital Improvement RB Series 2014
(NR/NR) |
|
|
|
725,000 |
|
|
|
5.500 |
|
|
05/01/2034 |
|
777,359 |
|
|
|
925,000 |
|
|
|
5.750 |
|
|
05/01/2044 |
|
996,919 |
| Waters Edge Community Development District Capital Improvement RB Refunding Senior
Lien Series 2015 A-1 (BBB+/NR) |
|
|
|
2,150,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
2,345,242 |
| Waterset Central Community Development District Special Assessment Bonds Series
2018 (NR/NR)(f) |
|
|
|
500,000 |
|
|
|
5.125 |
|
|
11/01/2038 |
|
541,135 |
| Waterset North Community Development District Special Assessment RB Series 2014
(NR/NR) |
|
|
|
2,360,000 |
|
|
|
5.500 |
|
|
11/01/2045 |
|
2,523,855 |
| Wesbridge Community Development District Special Assessment
Series 2019
(NR/NR) |
|
|
|
240,000 |
|
|
|
3.250 |
|
|
11/01/2024 |
|
246,120 |
|
|
|
375,000 |
|
|
|
3.625 |
|
|
11/01/2029 |
|
399,379 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
11/01/2039 |
|
1,060,540 |
| West Port Community Development District Special Assessment Area Two Series 2020
(NR/NR)(f)(h) |
|
|
|
615,000 |
|
|
|
2.750 |
|
|
05/01/2026 |
|
614,988 |
|
|
|
415,000 |
|
|
|
3.250 |
|
|
05/01/2031 |
|
414,988 |
|
|
|
515,000 |
|
|
|
3.625 |
|
|
05/01/2041 |
|
514,979 |
| West Port Community Development District Special Assessment Bonds Series 2020
(NR/NR)(f) |
|
|
|
365,000 |
|
|
|
2.650 |
|
|
05/01/2025 |
|
370,815 |
|
|
|
630,000 |
|
|
|
3.000 |
|
|
05/01/2031 |
|
647,791 |
|
|
|
1,725,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
1,824,929 |
|
|
|
1,595,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,665,531 |
| West Villages Improvement District Unit of Development No. 3 Special Assessment
Refunding Bonds Series 2017 (NR/NR) |
|
|
|
2,575,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
2,856,370 |
|
|
|
1,955,000 |
|
|
|
4.500 |
|
|
05/01/2034 |
|
2,089,817 |
|
|
|
3,395,000 |
|
|
|
5.000 |
|
|
05/01/2037 |
|
3,697,834 |
| West Villages Improvement District Unit of Development No. 7 Master Infrastructure
Special Assessment RB Series 2019 (NR/NR) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
514,165 |
|
|
|
750,000 |
|
|
|
4.250 |
|
|
05/01/2029 |
|
814,290 |
| Westside Community Development District Solara Phase 2 Assessment Area Special
Assessment RB Series 2019 (NR/NR) |
|
|
|
240,000 |
|
|
|
3.625 |
|
|
05/01/2024 |
|
245,563 |
|
|
|
355,000 |
|
|
|
3.900 |
|
|
05/01/2029 |
|
380,720 |
| Westside Community Development District Special Assessment RB Refunding Series 2019
(NR/NR)(f) |
|
|
|
475,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
483,251 |
|
|
|
810,000 |
|
|
|
3.750 |
|
|
05/01/2029 |
|
856,299 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Wildblue Community Development District Special Assessment Bonds Series 2019
(NR/NR)(f) |
| $ |
|
|
490,000 |
|
|
|
3.500 |
% |
|
06/15/2024 |
|
$ 502,740 |
|
|
|
1,285,000 |
|
|
|
3.750 |
|
|
06/15/2030 |
|
1,386,875 |
|
|
|
3,350,000 |
|
|
|
4.250 |
|
|
06/15/2039 |
|
3,664,129 |
| Willows Community Development District Special Assessment RB
Series 2019
(NR/NR) |
|
|
|
250,000 |
|
|
|
3.875 |
|
|
05/01/2024 |
|
256,683 |
|
|
|
500,000 |
|
|
|
4.370 |
|
|
05/01/2029 |
|
543,910 |
| Winding Cypress Community Development District Phase 3 Assessment Area Special
Assessment Bonds Series 2019 (NR/NR) |
|
|
|
200,000 |
|
|
|
4.250 |
|
|
11/01/2029 |
|
215,590 |
|
|
|
680,000 |
|
|
|
4.875 |
|
|
11/01/2039 |
|
744,192 |
| Windward Community Development District Special Assessment
Series 2020 A-1
(NR/NR) |
|
|
|
160,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
161,888 |
|
|
|
230,000 |
|
|
|
3.650 |
|
|
05/01/2030 |
|
236,309 |
| Wiregrass Community Development District Capital Improvement
RB Series 2016
(NR/NR) |
|
|
|
135,000 |
|
|
|
4.875 |
|
|
05/01/2036 |
|
143,400 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
05/01/2047 |
|
265,115 |
| Wiregrass II Community Development District Special Assessment
Series 2020 (NR/NR) |
|
|
|
1,135,000 |
|
|
|
2.500 |
|
|
05/01/2025 |
|
1,144,296 |
|
|
|
640,000 |
|
|
|
3.125 |
|
|
05/01/2030 |
|
654,643 |
| Wynnfield Lakes Community Development District Special Assessment Refunding Bonds
Series 2014 (BBB+/NR) |
|
|
|
1,450,000 |
|
|
|
4.500 |
|
|
05/01/2036 |
|
1,555,459 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
906,231,811 |
| |
| Georgia – 1.8% |
| Atlanta Airport RB Refunding Series 2012 C (A+/Aa3) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
1,303,387 |
| Bartow County Development Authority RB for Georgia Power Co.
Series 2013
(A-/Baa1)(b)(c) |
|
|
|
5,250,000 |
|
|
|
1.550 |
|
|
08/19/2022 |
|
5,333,790 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Plant Vogtle Project Fifth Series 1994 (A-/Baa1)(b)(c) |
|
|
|
3,000,000 |
|
|
|
2.150 |
|
|
06/13/2024 |
|
3,133,500 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Plant Vogtle Project First Series 2008 (A-/Baa1)(b)(c) |
|
|
|
3,500,000 |
|
|
|
1.650 |
|
|
06/18/2021 |
|
3,519,775 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Plant Vogtle Project Fourth Series 1994 (A-/Baa1)(b)(c) |
|
|
|
1,600,000 |
|
|
|
2.250 |
|
|
05/25/2023 |
|
1,655,696 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Plant Vogtle Project Second Series 2008 (A-/NR)(b)(c) |
|
|
|
2,500,000 |
|
|
|
2.925 |
|
|
03/12/2024 |
|
2,664,150 |
| Burke County Development Authority Pollution Control RB for Oglethorpe Power Corp.
Vogtle Series 2017 F (A-/Baa1)(b)(c) |
|
|
|
9,475,000 |
|
|
|
3.000 |
|
|
02/01/2023 |
|
9,888,679 |
| Burke County Development Authority Pollution Control RB Refunding for Georgia Power
Co. Series 2012 (A-/Baa1)(b)(c) |
|
|
|
5,100,000 |
|
|
|
1.550 |
|
|
08/19/2022 |
|
5,181,396 |
| City of Atlanta RB for Water & Wastewater Series 2018 B (AA-/Aa2) |
|
|
|
4,750,000 |
|
|
|
3.500 |
|
|
11/01/2043 |
|
5,330,070 |
| County of Fulton RB Refunding for Water & Sewerage Series 2013 A
(AA/Aa2) |
|
|
|
7,585,000 |
|
|
|
4.000 |
|
|
01/01/2035 |
|
8,014,083 |
| Fayette County Hospital Authority RB Refunding for Piedmont Healthcare, Inc.
Obligated Group Series 2019 A (AA-/A1)(b)(c) |
|
|
|
1,050,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
1,190,668 |
| Gainesville & Hall County Development Authority RB Refunding for Riverside
Military Academy Series 2017 (BB/NR) |
|
|
|
625,000 |
|
|
|
5.000 |
|
|
03/01/2027 |
|
638,912 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Georgia – (continued) |
| Glynn-Brunswick Memorial Hospital Authority RB Refunding for Southeast Georgia
Health System Obligated Group Series 2020 (BBB+/Baa1) |
| $ |
|
|
775,000 |
|
|
|
4.000 |
% |
|
08/01/2035 |
|
$ 898,279 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
08/01/2036 |
|
577,390 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
08/01/2037 |
|
863,265 |
|
|
|
745,000 |
|
|
|
4.000 |
|
|
08/01/2038 |
|
855,007 |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2018 A
(NR/Aa2)(b)(c) |
|
|
|
14,250,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
15,520,958 |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2019 A (A-/A3) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
05/15/2025 |
|
2,935,400 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
05/15/2026 |
|
3,616,200 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
05/15/2027 |
|
3,693,870 |
|
|
|
2,455,000 |
|
|
|
5.000 |
|
|
05/15/2028 |
|
3,077,318 |
|
|
|
2,800,000 |
|
|
|
5.000 |
|
|
05/15/2029 |
|
3,570,000 |
|
|
|
4,875,000 |
|
|
|
5.000 |
|
|
05/15/2049 |
|
7,348,965 |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2019 B
(NR/Aa1)(b)(c) |
|
|
|
14,050,000 |
|
|
|
4.000 |
|
|
12/02/2024 |
|
15,928,064 |
| Milledgeville & Baldwin County Development Authority Student Housing RB
Refunding for Georgia College & State University Foundation Property V, LLC Project Series 2007 (AMBAC)
(A+/WR)(e) |
|
|
|
(3 Mo. LIBOR + 0.65%), |
|
|
|
|
|
5,200,000 |
|
|
|
0.801 |
|
|
10/01/2033 |
|
4,976,088 |
| Municipal Electric Authority RB Georgia Plant Vogtle Units 3 & 4 Project Series
2019 A (A/Baa1) |
|
|
|
2,210,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
2,406,116 |
|
|
|
4,155,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
4,702,338 |
|
|
|
4,360,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
5,122,564 |
|
|
|
4,575,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
5,525,822 |
|
|
|
4,805,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
5,963,966 |
|
|
|
5,040,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
6,385,730 |
|
|
|
5,295,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
6,761,927 |
|
|
|
1,080,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
1,349,784 |
| Municipal Electric Authority RB Refunding Series 2019 A (A-/A2) |
|
|
|
830,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
940,664 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
1,057,797 |
| Rockdale County Development Authority RB Refunding for Pratt Paper LLC Project
Series 2018 (AMT) (NR/NR)(f) |
|
|
|
1,275,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
1,404,668 |
| Savannah Economic Development Authority Pollution Control RB Refunding for
International Paper Company Series 2019 B (BBB/Baa2) |
|
|
|
1,925,000 |
|
|
|
1.900 |
|
|
08/01/2024 |
|
2,022,405 |
| Savannah Economic Development Authority RB Refunding for International Paper Co.
Series 2019 A (BBB/Baa2)(b)(c) |
|
|
|
400,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
422,656 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
155,781,347 |
| |
| Guam – 0.5% |
| Guam Department of Education COPS Refunding for John F. Kennedy High School &
Energy Efficiency Project Series 2020 A (B+/Ba2) |
|
|
|
875,000 |
|
|
|
3.625 |
|
|
02/01/2025 |
|
880,373 |
|
|
|
2,045,000 |
|
|
|
4.250 |
|
|
02/01/2030 |
|
2,105,757 |
| Guam Government Business Privilege Tax RB Refunding Series 2015 D
(BB/NR) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
3,197,430 |
| Guam Government Business Privilege Tax RB Series 2012 B-1 (BB/NR) |
|
|
|
2,980,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
3,076,582 |
| Guam Government GO Bonds Series 2019 (AMT) (BB-/Ba1) |
|
|
|
2,530,000 |
|
|
|
5.000 |
|
|
11/15/2031 |
|
2,762,482 |
| Guam Government Limited Obligation RB Section 30 Series 2016 A
(BB/NR) |
|
|
|
2,755,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
3,208,445 |
|
|
|
2,255,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
2,667,214 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
2,377,840 |
| Guam Power Authority RB Refunding Series 2012 A (AGM) (AA/A2) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
1,618,140 |
|
|
|
2,790,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
3,000,031 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Guam – (continued) |
| Guam Power Authority RB Series 2014 A (AGM) (AA/A2) |
| $ |
|
|
325,000 |
|
|
|
5.000 |
% |
|
10/01/2039 |
|
$ 366,593 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2044 |
|
280,148 |
| Guam Waterworks Authority RB for Water & Wastewater System
Series 2013
(A-/Baa2)(g) |
|
|
|
1,450,000 |
|
|
|
5.500 |
|
|
07/01/2023 |
|
1,637,978 |
| Guam Waterworks Authority RB for Water & Wastewater System
Series 2016
(A-/Baa2) |
|
|
|
1,030,000 |
|
|
|
5.000 |
|
|
01/01/2046 |
|
1,177,537 |
| Guam Waterworks Authority RB for Water & Wastewater System
Series 2020 A
(A-/Baa2) |
|
|
|
3,975,000 |
|
|
|
5.000 |
|
|
01/01/2050 |
|
4,929,119 |
| Guam Waterworks Authority RB Refunding for Water & Wastewater System Series
2017 (A-/Baa2) |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
410,484 |
|
|
|
560,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
675,567 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
431,438 |
|
|
|
370,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
452,839 |
|
|
|
725,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
881,716 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
847,392 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
844,375 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
840,798 |
| Port Authority of Guam Private Activity RB Series 2018 B (AMT)
(A/Baa2) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
494,912 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
738,834 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
304,447 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
273,373 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
513,791 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,995,635 |
| |
| Hawaii – 0.3% |
| City & County Honolulu RB for Wastewater System Series 2018 A
(AA/Aa2) |
|
|
|
3,000,000 |
|
|
|
4.000 |
|
|
07/01/2042 |
|
3,526,620 |
| City & County Honolulu RB for Wastewater System Series 2019 A
(AA/Aa2) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
511,895 |
|
|
|
430,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
461,003 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
223,616 |
| City & County Honolulu RB Refunding for Wastewater System
Series 2019 B
(AA/Aa2) |
|
|
|
680,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
696,177 |
| Hawaii State Department of Budget & Finance RB Refunding for Hawaiian Electric
Co., Inc. Series 2017 B (AMT) (A-/Baa2) |
|
|
|
5,025,000 |
|
|
|
4.000 |
|
|
03/01/2037 |
|
5,439,512 |
| Hawaii State Department of Budget & Finance RB Refunding for Hawaiian Electric
Co., Inc. Series 2019 (A-/Baa2) |
|
|
|
9,055,000 |
|
|
|
3.200 |
|
|
07/01/2039 |
|
9,457,585 |
| Kauai County Community Facilities District No. 2008-1 Special Tax RB for
Kukui’ula Development Series 2019 (NR/NR) |
|
|
|
30,000 |
|
|
|
4.000 |
|
|
05/15/2026 |
|
33,171 |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
05/15/2029 |
|
90,258 |
|
|
|
35,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
41,797 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
05/15/2031 |
|
177,759 |
|
|
|
180,000 |
|
|
|
5.000 |
|
|
05/15/2032 |
|
211,844 |
|
|
|
60,000 |
|
|
|
3.000 |
|
|
05/15/2033 |
|
60,442 |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
05/15/2034 |
|
100,366 |
|
|
|
150,000 |
|
|
|
3.000 |
|
|
05/15/2035 |
|
149,997 |
|
|
|
670,000 |
|
|
|
3.250 |
|
|
05/15/2039 |
|
673,893 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
05/15/2044 |
|
653,545 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,509,480 |
| |
| Idaho – 0.0% |
| Nez Perce County PCRB Refunding for Potlatch Corp. Project Series 2016
(BBB-/Baa3) |
|
|
|
2,000,000 |
|
|
|
2.750 |
|
|
10/01/2024 |
|
2,066,180 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – 12.2% |
| Berwyn Municipal Securitization Corp. RB Refunding Series 2019 (AGM-CR)
(AA/NR) |
| $ |
|
|
7,200,000 |
|
|
|
5.000 |
% |
|
01/01/2035 |
|
$ 9,006,984 |
| Carol Stream Park District GO Refunding Bonds Series 2016 (BAM)
(AA/A1) |
|
|
|
3,510,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
4,176,865 |
| Champaign County Community Unit School District No. 4 Champaign GO Bonds Series
2020 A (AA/NR)(d) |
|
|
|
350,000 |
|
|
|
0.000 |
|
|
01/01/2026 |
|
336,700 |
|
|
|
165,000 |
|
|
|
0.000 |
|
|
01/01/2027 |
|
155,994 |
|
|
|
240,000 |
|
|
|
0.000 |
|
|
01/01/2028 |
|
222,281 |
| Champaign County Community Unit School District No. 4 Champaign GO Bonds Series
2020 A (AA/NR) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
386,862 |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
224,268 |
|
|
|
665,000 |
|
|
|
5.000 |
|
|
01/01/2031 |
|
849,059 |
|
|
|
1,875,000 |
|
|
|
5.000 |
|
|
01/01/2032 |
|
2,384,512 |
|
|
|
765,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
967,878 |
|
|
|
1,115,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
1,405,402 |
| Chicago Board of Education GO Bonds for Build America Bonds
Series 2009 E
(BB-/B1) |
|
|
|
555,000 |
|
|
|
5.382 |
|
|
12/01/2023 |
|
580,430 |
|
|
|
2,250,000 |
|
|
|
5.482 |
|
|
12/01/2024 |
|
2,364,593 |
| Chicago Illinois Board of Education Dedicated Capital Improvement Series 2016
(A-/NR) |
|
|
|
3,550,000 |
|
|
|
6.000 |
|
|
04/01/2046 |
|
4,206,998 |
| Chicago Illinois Board of Education Dedicated Capital Improvement Series 2017
(A-/NR) |
|
|
|
760,000 |
|
|
|
5.000 |
|
|
04/01/2034 |
|
865,754 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
04/01/2035 |
|
654,074 |
|
|
|
525,000 |
|
|
|
5.000 |
|
|
04/01/2036 |
|
595,744 |
|
|
|
490,000 |
|
|
|
5.000 |
|
|
04/01/2037 |
|
554,719 |
| Chicago Illinois Board of Education GO Bonds Capital Appreciation for School Reform
Series 1998 B-1 (NATL-RE) (BB-/Baa2)(d) |
|
|
|
2,225,000 |
|
|
|
0.000 |
|
|
12/01/2026 |
|
1,924,714 |
|
|
|
1,020,000 |
|
|
|
0.000 |
|
|
12/01/2027 |
|
851,537 |
|
|
|
3,055,000 |
|
|
|
0.000 |
|
|
12/01/2029 |
|
2,358,857 |
|
|
|
2,660,000 |
|
|
|
0.000 |
|
|
12/01/2030 |
|
1,978,747 |
| Chicago Illinois Board of Education GO Bonds Capital Appreciation for School Reform
Series 1999 A (NATL-RE) (BB-/Baa2)(d) |
|
|
|
965,000 |
|
|
|
0.000 |
|
|
12/01/2027 |
|
805,620 |
|
|
|
1,040,000 |
|
|
|
0.000 |
|
|
12/01/2028 |
|
835,890 |
|
|
|
460,000 |
|
|
|
0.000 |
|
|
12/01/2030 |
|
342,189 |
| Chicago Illinois Board of Education GO Bonds Capital Appreciation Series 2009 C
(BBB+/Ba1)(d) |
|
|
|
670,000 |
|
|
|
0.000 |
|
|
01/01/2031 |
|
465,724 |
| Chicago Illinois Board of Education GO Bonds Series 2015 C (BB-/NR) |
|
|
|
2,500,000 |
|
|
|
6.000 |
|
|
12/01/2035 |
|
2,787,750 |
| Chicago Illinois Board of Education GO Refunding Bonds Capital Appreciation for
School Reform Series 1999 A (NATL-RE) (BB-/Baa2)(d) |
|
|
|
4,705,000 |
|
|
|
0.000 |
|
|
12/01/2031 |
|
3,366,333 |
| Chicago Illinois Board of Education GO Refunding Bonds for School Reform Series
1999 A (NATL-RE) (BB-/Baa2) |
|
|
|
4,725,000 |
|
|
|
5.500 |
|
|
12/01/2026 |
|
5,389,429 |
| Chicago Illinois Board of Education GO Refunding Bonds Series 1999 A (NATL-RE)
(BB-/Baa2)(d) |
|
|
|
3,485,000 |
|
|
|
0.000 |
|
|
12/01/2023 |
|
3,287,470 |
| Chicago Illinois Board of Education GO Refunding Bonds Series 2005 A (AMBAC)
(BB-/B1) |
|
|
|
2,500,000 |
|
|
|
5.500 |
|
|
12/01/2026 |
|
2,873,775 |
|
|
|
6,330,000 |
|
|
|
5.500 |
|
|
12/01/2027 |
|
7,374,070 |
|
|
|
3,000,000 |
|
|
|
5.500 |
|
|
12/01/2028 |
|
3,535,170 |
|
|
|
2,000,000 |
|
|
|
5.500 |
|
|
12/01/2029 |
|
2,370,140 |
| Chicago Illinois Board of Education GO Refunding Bonds Series 2010 F
(BB-/B1) |
|
|
|
4,050,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
4,055,994 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago Illinois Board of Education Unlimited Tax GO Bonds for Dedicated Alternate
Revenues Series 2015 C (BB-/NR) |
| $ |
|
|
1,020,000 |
|
|
|
5.250 |
% |
|
12/01/2039 |
|
$ 1,102,436 |
| Chicago Illinois Board of Education Unlimited Tax GO Bonds for Dedicated Revenues
Series 2012 A (BB-/B1) |
|
|
|
5,225,000 |
|
|
|
5.000 |
|
|
12/01/2042 |
|
5,355,834 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2009 E (BB-/B1) |
|
|
|
2,300,000 |
|
|
|
6.038 |
|
|
12/01/2029 |
|
2,438,828 |
|
|
|
2,500,000 |
|
|
|
6.138 |
|
|
12/01/2039 |
|
2,635,850 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2016 A (BB-/NR) |
|
|
|
5,160,000 |
|
|
|
7.000 |
|
|
12/01/2044 |
|
6,171,566 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2016 B (BB-/NR) |
|
|
|
7,125,000 |
|
|
|
6.500 |
|
|
12/01/2046 |
|
8,494,567 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2018 A (AGM) (AA/NR) |
|
|
|
1,825,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
2,162,406 |
|
|
|
2,190,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
2,660,259 |
|
|
|
2,375,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
2,939,205 |
|
|
|
7,445,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
9,391,495 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
867,902 |
|
|
|
1,800,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
2,222,082 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
1,227,610 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
2,446,260 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
732,762 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2018 C (AGM) (AA/NR) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
6,206,400 |
|
|
|
5,230,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
6,606,275 |
|
|
|
5,500,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
6,881,105 |
|
|
|
4,690,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
5,826,668 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2019 A (BB-/NR)(d) |
|
|
|
2,000,000 |
|
|
|
0.000 |
|
|
12/01/2025 |
|
1,746,980 |
|
|
|
2,000,000 |
|
|
|
0.000 |
|
|
12/01/2026 |
|
1,684,320 |
|
|
|
300,000 |
|
|
|
0.000 |
|
|
12/01/2027 |
|
242,730 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2019 A (BB-/NR) |
|
|
|
2,500,000 |
|
|
|
4.000 |
|
|
12/01/2027 |
|
2,735,150 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
4,673,040 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
5,891,850 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
5,877,550 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2019 B (BB-/NR) |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
128,334 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
791,557 |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
1,293,396 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
1,377,638 |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
1,350,996 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
1,143,670 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
1,157,100 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
1,168,260 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
1,178,370 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
1,175,510 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
1,170,020 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
1,167,380 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
1,162,760 |
| Chicago Illinois Capital Appreciation GO Bonds for City Colleges Project Series
1999 (AGM-CR) (NATL-RE) (AA/A2)(d) |
|
|
|
1,465,000 |
|
|
|
0.000 |
|
|
01/01/2030 |
|
1,190,312 |
| Chicago Illinois Capital Appreciation GO Bonds for City Colleges Project Series
1999 (NATL-RE) (BBB+/Baa2)(d) |
|
|
|
1,050,000 |
|
|
|
0.000 |
|
|
01/01/2028 |
|
872,917 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago Illinois Capital Appreciation Refunding & Project Series 2009 C
(BBB+/Ba1)(d) |
| $ |
|
|
750,000 |
|
|
|
0.000 |
% |
|
01/01/2032 |
|
$ 498,105 |
| Chicago Illinois GO Bonds Project and Refunding RMKT 06/08/15 Series 2005 D
(BBB+/Ba1) |
|
|
|
330,000 |
|
|
|
5.500 |
|
|
01/01/2037 |
|
362,172 |
|
|
|
3,020,000 |
|
|
|
5.500 |
|
|
01/01/2040 |
|
3,304,061 |
| Chicago Illinois GO Bonds Project Refunding Series 2014 A
(BBB+/Ba1) |
|
|
|
1,500,000 |
|
|
|
5.250 |
|
|
01/01/2033 |
|
1,604,580 |
|
|
|
630,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
668,486 |
|
|
|
11,590,000 |
|
|
|
5.000 |
|
|
01/01/2036 |
|
12,275,201 |
| Chicago Illinois GO Bonds Project Series 2011 A (BBB+/Ba1) |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
650,734 |
| Chicago Illinois GO Bonds Project Series 2012 A (BBB+/Ba1) |
|
|
|
2,905,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
2,954,559 |
| Chicago Illinois GO Bonds Series 2010 B (BBB+/Ba1) |
|
|
|
1,130,000 |
|
|
|
7.517 |
|
|
01/01/2040 |
|
1,369,865 |
| Chicago Illinois GO Bonds Series 2015 A (BBB+/NR) |
|
|
|
1,320,000 |
|
|
|
5.500 |
|
|
01/01/2039 |
|
1,445,492 |
| Chicago Illinois GO Bonds Series 2015 B (BBB+/NR) |
|
|
|
13,893,000 |
|
|
|
7.375 |
|
|
01/01/2033 |
|
16,307,326 |
| Chicago Illinois GO Bonds Series 2019 (BBB+/NR) |
|
|
|
3,760,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
4,286,325 |
|
|
|
4,890,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
5,623,256 |
|
|
|
2,720,000 |
|
|
|
5.000 |
|
|
01/01/2031 |
|
3,091,606 |
| Chicago Illinois GO Bonds Series 2019 A (BBB+/NR) |
|
|
|
3,000,000 |
|
|
|
5.500 |
|
|
01/01/2049 |
|
3,522,270 |
| Chicago Illinois GO Refunding Bonds Series 2012 B (BBB+/Ba1) |
|
|
|
2,385,000 |
|
|
|
5.432 |
|
|
01/01/2042 |
|
2,388,673 |
| Chicago Illinois GO Refunding Bonds Series 2015 C (BBB+/NR) |
|
|
|
2,575,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
2,796,939 |
|
|
|
4,435,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
4,898,546 |
|
|
|
5,600,000 |
|
|
|
5.000 |
|
|
01/01/2038 |
|
6,034,112 |
| Chicago Illinois Midway Airport RB Refunding Second Lien
Series 2013 A (AMT)
(A-/A3) |
|
|
|
2,610,000 |
|
|
|
5.500 |
|
|
01/01/2029 |
|
2,841,951 |
| Chicago Illinois O’Hare International Airport RB General Airport Senior Lien
Series 2018 B (A/NR) |
|
|
|
7,040,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
8,745,088 |
| Chicago Illinois O’Hare International Airport RB Refunding General Airport
Senior Lien Series 2015 A (AMT) (A/NR) |
|
|
|
2,605,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
2,827,467 |
|
|
|
4,760,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
5,356,809 |
| Chicago Illinois O’Hare International Airport RB Refunding General Airport
Senior Lien Series 2016 C (A/NR) |
|
|
|
9,105,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
10,690,089 |
| Chicago Illinois O’Hare International Airport RB Refunding General Airport
Senior Lien Series 2016 D (A/NR) |
|
|
|
8,045,000 |
|
|
|
5.250 |
|
|
01/01/2035 |
|
9,825,680 |
| Chicago Illinois Sales Tax Refunding Series 2002 (ETM) (BBB-/NR)(g) |
|
|
|
1,105,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
1,311,745 |
| Chicago Illinois Second Lien RB Refunding for Wastewater Transmission RMKT 10/19/15
Series 2008 C (A/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
01/01/2035 |
|
2,290,940 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
2,275,880 |
| Chicago Illinois Wastewater Transmission RB Second Lien
Series 2017 A (AGM)
(AA/NR) |
|
|
|
475,000 |
|
|
|
5.250 |
|
|
01/01/2042 |
|
578,807 |
|
|
|
1,330,000 |
|
|
|
4.000 |
|
|
01/01/2052 |
|
1,454,674 |
| Chicago Illinois Water RB Refunding for Second Lien Project
Series 2017-2 (AGM)
(AA/NR) |
|
|
|
2,200,000 |
|
|
|
5.000 |
|
|
11/01/2033 |
|
2,682,020 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago Illinois Water RB Refunding Second Lien Project RMKT 05/23/16 Series 2000
(A/Baa2) |
| $ |
|
|
1,560,000 |
|
|
|
5.000 |
% |
|
11/01/2028 |
|
$ 1,877,335 |
|
|
|
1,780,000 |
|
|
|
5.000 |
|
|
11/01/2029 |
|
2,130,838 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2030 |
|
1,192,320 |
| Chicago Illinois Water RB Refunding Second Lien Project RMKT 05/23/16 Series 2004
(A/NR) |
|
|
|
1,645,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
2,010,947 |
| Chicago Illinois Water RB Refunding Second Lien Project Series 2012
(A/Baa2) |
|
|
|
15,475,000 |
|
|
|
5.000 |
|
|
11/01/2042 |
|
16,455,806 |
| City of Chicago GO Refunding Bonds Series 2020 A (BBB+/NR) |
|
|
|
2,745,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
3,031,907 |
|
|
|
3,430,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
3,889,997 |
|
|
|
10,115,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
11,530,898 |
|
|
|
8,480,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
9,751,576 |
|
|
|
9,315,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
10,743,921 |
|
|
|
430,000 |
|
|
|
5.000 |
|
|
01/01/2031 |
|
494,758 |
| City of Chicago Taxable GO Unlimited Bonds Series 2012 B (AGM-CR)
(AA/A2) |
|
|
|
265,000 |
|
|
|
5.432 |
|
|
01/01/2042 |
|
319,590 |
| City of Chicago Taxable GO Unlimited Bonds Series 2014 B (AGM-CR)
(AA/A2) |
|
|
|
5,650,000 |
|
|
|
6.314 |
|
|
01/01/2044 |
|
7,488,679 |
| City of Peoria GO Refunding Bonds Series 2019 (AGM) (AA/A2) |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
1,112,487 |
|
|
|
1,470,000 |
|
|
|
5.000 |
|
|
01/01/2031 |
|
1,871,942 |
| Cook County Community School District No. 97 Oak Park GO Bonds Series 2020
(NR/Aa2) |
|
|
|
155,000 |
|
|
|
4.000 |
|
|
01/01/2025 |
|
176,928 |
|
|
|
195,000 |
|
|
|
4.000 |
|
|
01/01/2026 |
|
228,501 |
|
|
|
115,000 |
|
|
|
4.000 |
|
|
01/01/2027 |
|
137,672 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
01/01/2028 |
|
243,714 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
01/01/2029 |
|
241,436 |
|
|
|
145,000 |
|
|
|
4.000 |
|
|
01/01/2030 |
|
173,391 |
| Cook County High School District No. 209 Proviso Township GO Bonds Limited Tax
School Series 2018 B (AGM) (AA/NR) |
|
|
|
10,350,000 |
|
|
|
5.500 |
|
|
12/01/2036 |
|
13,602,591 |
| Cook County Illinois GO Refunding Bonds Series 2010 A (A+/A2) |
|
|
|
4,000,000 |
|
|
|
5.250 |
|
|
11/15/2033 |
|
4,010,320 |
| Cook County School District No. 95 GO Refunding Bonds for Brookfield-Lagrange Park
Project Series 2017 A (NR/Aa2) |
|
|
|
840,000 |
|
|
|
4.000 |
|
|
12/01/2023 |
|
923,462 |
| County of Will Illinois GO Bonds Series 2019 (AA+/Aa1) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
11/15/2047 |
|
1,746,990 |
| DeKalb Kane & LaSalle Counties Etc. Community College District No. 523
Kishwaukee GO Refunding Bonds Series 2020 (AA-/NR) |
|
|
|
500,000 |
|
|
|
2.163 |
|
|
02/01/2026 |
|
508,705 |
| Illinois Finance Authority RB for Columbia College Chicago Series 2019
(BBB+/NR) |
|
|
|
605,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
706,441 |
|
|
|
775,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
890,529 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2044 |
|
1,132,990 |
| Illinois Finance Authority RB for Cook County School District No. 73 East Prairie
Series 2018 (BAM) (AA/A1) |
|
|
|
2,325,000 |
|
|
|
4.000 |
|
|
12/01/2036 |
|
2,656,801 |
|
|
|
1,420,000 |
|
|
|
4.000 |
|
|
12/01/2037 |
|
1,622,932 |
|
|
|
4,230,000 |
|
|
|
4.000 |
|
|
12/01/2042 |
|
4,780,450 |
| Illinois Finance Authority RB for Cook County School District No. 95 Brookfield
Series 2018 (NR/Aa2) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
12/01/2038 |
|
566,380 |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
12/01/2040 |
|
451,932 |
|
|
|
1,085,000 |
|
|
|
4.000 |
|
|
12/01/2042 |
|
1,218,737 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Illinois Finance Authority RB for DuPage County Community High School District No.
99 Downers Grove Series 2020 A (AA+/NR) |
| $ |
|
|
815,000 |
|
|
|
4.000 |
% |
|
12/15/2031 |
|
$ 1,009,826 |
|
|
|
1,300,000 |
|
|
|
4.000 |
|
|
12/15/2032 |
|
1,591,746 |
|
|
|
3,740,000 |
|
|
|
4.000 |
|
|
12/15/2033 |
|
4,525,587 |
|
|
|
1,700,000 |
|
|
|
4.000 |
|
|
12/15/2034 |
|
2,063,205 |
|
|
|
1,395,000 |
|
|
|
4.000 |
|
|
12/15/2035 |
|
1,680,835 |
|
|
|
2,750,000 |
|
|
|
3.000 |
|
|
12/15/2036 |
|
3,065,948 |
|
|
|
2,000,000 |
|
|
|
3.000 |
|
|
12/15/2037 |
|
2,223,320 |
| Illinois Finance Authority RB for Northwestern Memorial Healthcare Obligation Group
Series 2017 A (AA+/Aa2) |
|
|
|
19,555,000 |
|
|
|
4.000 |
|
|
07/15/2047 |
|
22,052,565 |
| Illinois Finance Authority RB for Roosevelt University Series 2019 A (NR/NR)(f) |
|
|
|
5,600,000 |
|
|
|
6.125 |
|
|
04/01/2049 |
|
6,150,872 |
| Illinois Finance Authority RB Refunding for Edward Elmhurst Healthcare Obligation
Group Series 2018 A (A/NR) |
|
|
|
4,000,000 |
|
|
|
4.250 |
|
|
01/01/2044 |
|
4,559,640 |
| Illinois Finance Authority RB Refunding for Franciscan Communities Project Series
2017 A (BBB-/NR) |
|
|
|
1,425,000 |
|
|
|
4.000 |
|
|
05/15/2027 |
|
1,514,333 |
| Illinois Finance Authority RB Refunding for Illinois Institute of Technology Series
2019 (NR/Baa3) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
890,025 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
604,805 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
614,740 |
|
|
|
1,600,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
1,982,592 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2031 |
|
1,231,070 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
1,223,080 |
|
|
|
1,035,000 |
|
|
|
5.000 |
|
|
09/01/2033 |
|
1,259,512 |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
1,395,422 |
| Illinois Finance Authority RB Refunding for Illinois Wesleyan University Series
2016 (A-/Baa2) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
09/01/2046 |
|
3,335,430 |
| Illinois Finance Authority RB Refunding for University of Chicago Series 2018 A
(AA-/Aa2) |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
10/01/2041 |
|
2,569,749 |
| Illinois Sales Tax Securitization Corp. RB Refunding Second Lien
Series 2020 A
(AA-/NR) |
|
|
|
5,275,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
6,416,615 |
|
|
|
3,350,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
4,155,206 |
|
|
|
3,515,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
4,443,628 |
|
|
|
2,195,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
2,821,036 |
|
|
|
11,130,000 |
|
|
|
5.000 |
|
|
01/01/2036 |
|
13,957,243 |
|
|
|
5,290,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
5,973,680 |
| Illinois Sales Tax Securitization Corp. RB Refunding Series 2018 C
(AA-/NR) |
|
|
|
10,685,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
12,697,947 |
|
|
|
8,170,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
9,938,151 |
|
|
|
15,355,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
19,045,728 |
|
|
|
11,790,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
14,904,800 |
| Illinois Sports Facilities Authority Refunding Bonds Series 2014 (AGM)
(AA/NR) |
|
|
|
4,160,000 |
|
|
|
5.000 |
|
|
06/15/2027 |
|
4,680,582 |
| Illinois State GO Bonds for Build America Bonds Series 2010-5
(BBB-/Baa3) |
|
|
|
1,780,000 |
|
|
|
7.350 |
|
|
07/01/2035 |
|
2,122,223 |
| Illinois State GO Bonds Pension Funding Series 2003 (BBB-/Baa3) |
|
|
|
39,035,000 |
|
|
|
5.100 |
|
|
06/01/2033 |
|
42,009,857 |
| Illinois State GO Bonds Series 2013 (BBB-/Baa3) |
|
|
|
5,000,000 |
|
|
|
5.500 |
|
|
07/01/2024 |
|
5,449,650 |
|
|
|
4,000,000 |
|
|
|
5.500 |
|
|
07/01/2025 |
|
4,347,480 |
|
|
|
3,165,000 |
|
|
|
5.500 |
|
|
07/01/2027 |
|
3,417,314 |
|
|
|
5,500,000 |
|
|
|
5.250 |
|
|
07/01/2028 |
|
5,890,610 |
|
|
|
9,490,000 |
|
|
|
5.500 |
|
|
07/01/2038 |
|
10,096,031 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Illinois State GO Bonds Series 2016 (BBB-/Baa3) |
| $ |
|
|
4,415,000 |
|
|
|
5.000 |
% |
|
11/01/2021 |
|
$ 4,557,693 |
| Illinois State GO Bonds Series 2017 A (BBB-/Baa3) |
|
|
|
375,000 |
|
|
|
4.500 |
|
|
12/01/2041 |
|
407,288 |
| Illinois State GO Bonds Series 2017 C (BBB-/Baa3) |
|
|
|
26,930,000 |
|
|
|
5.000 |
|
|
11/01/2029 |
|
30,246,968 |
| Illinois State GO Bonds Series 2017 D (BBB-/Baa3) |
|
|
|
25,805,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
26,535,540 |
|
|
|
53,565,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
58,743,664 |
|
|
|
27,000,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
30,151,710 |
|
|
|
9,450,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
10,684,075 |
|
|
|
24,005,000 |
|
|
|
5.000 |
|
|
11/01/2028 |
|
27,135,732 |
| Illinois State GO Bonds Series 2018 A (BBB-/Baa3) |
|
|
|
16,380,000 |
|
|
|
5.000 |
|
|
05/01/2031 |
|
18,994,412 |
|
|
|
1,760,000 |
|
|
|
5.000 |
|
|
05/01/2042 |
|
1,979,877 |
|
|
|
1,760,000 |
|
|
|
5.000 |
|
|
05/01/2043 |
|
1,975,793 |
| Illinois State GO Bonds Series 2019 A (BBB-/Baa3) |
|
|
|
8,000,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
8,947,440 |
| Illinois State GO Bonds Series 2019 C (BBB-/Baa3) |
|
|
|
9,175,000 |
|
|
|
4.000 |
|
|
11/01/2042 |
|
9,775,596 |
| Illinois State GO Bonds Series 2020 (BBB-/Baa3) |
|
|
|
1,525,000 |
|
|
|
5.500 |
|
|
05/01/2039 |
|
1,845,311 |
|
|
|
4,100,000 |
|
|
|
5.750 |
|
|
05/01/2045 |
|
4,980,065 |
| Illinois State GO Refunding Bonds Series 2012 (BBB-/Baa3) |
|
|
|
8,355,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
8,544,659 |
| Illinois State GO Refunding Bonds Series 2016 (AGM) (AA/A2) |
|
|
|
3,960,000 |
|
|
|
4.000 |
|
|
02/01/2030 |
|
4,389,185 |
|
|
|
1,185,000 |
|
|
|
4.000 |
|
|
02/01/2031 |
|
1,304,187 |
| Illinois State GO Refunding Bonds Series 2018 B (BBB-/Baa3) |
|
|
|
2,340,000 |
|
|
|
5.000 |
|
|
10/01/2031 |
|
2,727,785 |
| Illinois State Sales Tax RB Junior Obligation Series 2016 A (BBB/NR) |
|
|
|
1,605,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
1,689,343 |
| Illinois State Sales Tax RB Refunding Junior Obligation Series 2016 C
(BBB/NR) |
|
|
|
675,000 |
|
|
|
4.000 |
|
|
06/15/2021 |
|
683,195 |
|
|
|
2,875,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
3,026,081 |
| Illinois State Sales Tax RB Refunding Junior Obligation Series 2016 D
(BBB/NR) |
|
|
|
3,185,000 |
|
|
|
4.000 |
|
|
06/15/2021 |
|
3,223,666 |
| Illinois State Toll Highway Authority RB Refunding Senior Series 2019 B
(AA-/A1) |
|
|
|
2,745,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
3,241,790 |
| Illinois State Toll Highway Authority RB Refunding Senior Series 2019 C
(AA-/A1) |
|
|
|
14,015,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
17,135,580 |
| Kane County School District No. 131 Aurora East Side GO Refunding Bonds Series 2020
B (AGM) (AA/A1) |
|
|
|
360,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
433,433 |
|
|
|
410,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
507,527 |
|
|
|
405,000 |
|
|
|
4.000 |
|
|
12/01/2028 |
|
487,814 |
| Kendall Kane & Will Counties Community Unit School District No. 308 GO Bonds
Series 2011 A (NR/A2) |
|
|
|
4,625,000 |
|
|
|
5.000 |
|
|
02/01/2029 |
|
4,641,234 |
| Metropolitan Pier & Exposition Authority RB Capital Appreciation for McCormick
Place Expansion Series 2002 A (NATL-RE) (BBB/Baa2)(d) |
|
|
|
5,600,000 |
|
|
|
0.000 |
|
|
12/15/2032 |
|
4,176,648 |
| Metropolitan Pier & Exposition Authority RB Refunding Capital Appreciation for
McCormick Place Expansion Project Series 2002 A (NATL-RE) (BBB/Baa2)(d) |
|
|
|
2,690,000 |
|
|
|
0.000 |
|
|
12/15/2031 |
|
2,081,630 |
| Metropolitan Pier & Exposition Authority RB Refunding Capital Appreciation for
McCormick Place Expansion Project Series 2002 A (NATL-RE) (BBB/NR) |
|
|
|
1,555,000 |
|
|
|
5.700 |
|
|
06/15/2024 |
|
1,653,105 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Metropolitan Pier & Exposition Authority RB Refunding Capital Appreciation for
McCormick Place Expansion Project Series 2002 A (NATL-RE) (NR/NR)(g) |
| $ |
|
|
460,000 |
|
|
|
5.700 |
% |
|
06/15/2022 |
|
$ 500,002 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2012 B (ST APPROP) (BBB/NR) |
|
|
|
5,390,000 |
|
|
|
5.000 |
|
|
12/15/2028 |
|
5,616,488 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2017 B (BBB/NR)(a) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/15/2028 |
|
2,375,460 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
12/15/2032 |
|
349,662 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
12/15/2033 |
|
697,146 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/15/2034 |
|
579,520 |
|
|
|
1,260,000 |
|
|
|
0.000 |
|
|
12/15/2037 |
|
963,875 |
|
|
|
3,500,000 |
|
|
|
0.000 |
|
|
12/15/2042 |
|
2,656,045 |
|
|
|
3,850,000 |
|
|
|
0.000 |
|
|
12/15/2047 |
|
2,874,718 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2020 A (BBB/NR) |
|
|
|
11,975,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
12,724,396 |
|
|
|
1,160,000 |
|
|
|
5.000 |
|
|
06/15/2050 |
|
1,340,600 |
| Railsplitter Tobacco Settlement Authority Tobacco Settlement RB Series 2010
(BBB+/NR)(g) |
|
|
|
1,125,000 |
|
|
|
6.000 |
|
|
06/01/2021 |
|
1,151,674 |
| Regional Transportation Authority Illinois GO Refunding Bonds Series 2017 A
(AA/NR) |
|
|
|
4,430,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
5,606,697 |
| Southwestern Illinois Development Authority RB Capital Appreciation for Local
Government Program Series 2007 (AGM) (AA/NR)(d) |
|
|
|
6,055,000 |
|
|
|
0.000 |
|
|
12/01/2025 |
|
5,705,324 |
| Springfield Illinois Senior Lien Electric RB Refunding Series 2015 (AGM)
(AA/A2) |
|
|
|
4,000,000 |
|
|
|
3.500 |
|
|
03/01/2030 |
|
4,335,640 |
| State of Illinois GO Bonds Series 2010-1 (BBB-/Baa3) |
|
|
|
1,100,000 |
|
|
|
6.630 |
|
|
02/01/2035 |
|
1,260,215 |
| State of Illinois GO Bonds Series 2012 A (BBB-/Baa3) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
307,098 |
| State of Illinois GO Bonds Series 2014 (BBB-/Baa3) |
|
|
|
570,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
626,402 |
| State of Illinois GO Bonds Series 2016 (BBB-/Baa3) |
|
|
|
2,820,000 |
|
|
|
4.000 |
|
|
06/01/2032 |
|
3,000,254 |
| State of Illinois GO Bonds Series 2017 A (BBB-/Baa3) |
|
|
|
3,455,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
4,053,164 |
|
|
|
875,000 |
|
|
|
4.250 |
|
|
12/01/2040 |
|
939,374 |
| State of Illinois GO Bonds Series 2017 D (BBB-/Baa3) |
|
|
|
925,000 |
|
|
|
3.250 |
|
|
11/01/2026 |
|
951,215 |
| State of Illinois GO Refunding Bonds Series 2016 (BBB-/Baa3) |
|
|
|
3,800,000 |
|
|
|
5.000 |
|
|
02/01/2028 |
|
4,378,094 |
| State of Illinois GO Refunding Bonds Series 2018 A (BBB-/Baa3) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
10/01/2028 |
|
592,485 |
| State of Illinois GO Unlimited Bonds Series 2017 A (BBB-/Baa3) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
12/01/2033 |
|
1,610,925 |
|
|
|
5,000,000 |
|
|
|
4.250 |
|
|
12/01/2037 |
|
5,399,000 |
| State of Illinois GO Unlimited Refunding Bonds Series 2018 B
(BBB-/Baa3) |
|
|
|
5,100,000 |
|
|
|
5.000 |
|
|
10/01/2027 |
|
5,969,703 |
| State of Illinois RB Refunding Series 2016 C (BAM) (AA/NR) |
|
|
|
5,580,000 |
|
|
|
4.000 |
|
|
06/15/2028 |
|
6,258,026 |
| Upper Illinois River Valley Development Authority RB Refunding for Prairie Crossing
Charter School Series 2020 (NR/NR)(f) |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
01/01/2031 |
|
386,483 |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
01/01/2045 |
|
349,418 |
| Village of Hillside Illinois Tax Increment RB Refunding Series 2018
(NR/NR) |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
969,135 |
|
|
|
2,690,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
2,815,946 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Village of Morton Grove Tax Increment Senior Lien RB for Sawmill Station
Redevelopment Project Series 2019 (NR/NR) |
| $ |
|
|
1,000,000 |
|
|
|
4.250 |
% |
|
01/01/2029 |
|
$ 998,650 |
| Village of Romeoville GO Refunding Bonds Series 2019 (AA/Aa2) |
|
|
|
3,055,000 |
|
|
|
5.000 |
|
|
12/30/2027 |
|
3,920,298 |
|
|
|
3,235,000 |
|
|
|
5.000 |
|
|
12/30/2028 |
|
4,228,436 |
| Village of Romeoville RB Refunding for Lewis University Series 2018 B
(BBB/NR) |
|
|
|
210,000 |
|
|
|
4.125 |
|
|
10/01/2041 |
|
218,501 |
|
|
|
420,000 |
|
|
|
4.125 |
|
|
10/01/2046 |
|
434,318 |
| Will County Community High School District No. 210 Lincoln-Way GO Refunding Bonds
Series 2020 (AGM) (AA/Baa1) |
|
|
|
650,000 |
|
|
|
4.000 |
|
|
01/01/2034 |
|
729,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,057,673,664 |
| |
| Indiana – 0.5% |
| City of Mishawaka RB for Sewerage Works Series 2018 (AGM) (AA/NR) |
|
|
|
1,845,000 |
|
|
|
2.000 |
|
|
09/01/2038 |
|
1,810,498 |
| City of Whiting Environmental Facilities RB for BP Products North America, Inc.
Project Series 2015 (AMT) (A-/A1)(b)(c) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
3,253,740 |
| City of Whiting Environmental Facilities RB Refunding for BP Products North
America, Inc. Project Series 2019 A (AMT) (A-/A1)(b)(c) |
|
|
|
11,500,000 |
|
|
|
5.000 |
|
|
06/05/2026 |
|
14,034,830 |
| Indiana Finance Authority Educational Facilities RB for Marian University, Inc.
Series 2019 A (BBB/NR) |
|
|
|
540,000 |
|
|
|
5.000 |
|
|
09/15/2034 |
|
634,737 |
|
|
|
680,000 |
|
|
|
5.000 |
|
|
09/15/2039 |
|
787,998 |
|
|
|
445,000 |
|
|
|
4.000 |
|
|
09/15/2044 |
|
468,781 |
| Indiana Finance Authority RB for Goshen Health Obligated Group Series 2019 B
(A-/NR)(b)(c) |
|
|
|
2,300,000 |
|
|
|
2.100 |
|
|
11/01/2026 |
|
2,453,594 |
| Indiana Finance Authority RB for KIPP Indianapolis, Inc. Series 2020 A
(NR/Ba1) |
|
|
|
185,000 |
|
|
|
4.000 |
|
|
07/01/2030 |
|
201,208 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
336,129 |
| Indiana Finance Authority RB Ohio Valley Electric Corp. Series 2010 A
(NR/Ba1) |
|
|
|
2,930,000 |
|
|
|
3.000 |
|
|
11/01/2030 |
|
3,126,867 |
| Indiana Finance Authority RB Ohio Valley Electric Corp. Series 2012 B
(BBB-/Ba1) |
|
|
|
2,110,000 |
|
|
|
3.000 |
|
|
11/01/2030 |
|
2,251,771 |
| Indiana Finance Authority RB Ohio Valley Electric Corp. Series 2012 C
(BBB-/Ba1) |
|
|
|
2,350,000 |
|
|
|
3.000 |
|
|
11/01/2030 |
|
2,507,896 |
| Indiana Finance Authority RB Refunding for Parkview Health System Obligation Group
Series 2018 C (AA-/Aa3)(b) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.55%), |
|
|
|
|
|
3,815,000 |
|
|
|
0.640 |
|
|
11/01/2023 |
|
3,823,507 |
| Indianapolis Local Public Improvement Bond Bank RB Refunding Series 2019 D (AMT)
(A/A1) |
|
|
|
2,275,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
2,903,583 |
| Purdue University RB Series 2007 A (AAA/Aaa) |
|
|
|
3,035,000 |
|
|
|
5.250 |
|
|
07/01/2029 |
|
4,042,256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
42,637,395 |
| |
| Iowa – 0.1% |
| City of Davenport GO Corporate Bonds Series 2019 IA (AA/Aa3) |
|
|
|
1,060,000 |
|
|
|
4.000 |
|
|
06/01/2031 |
|
1,248,807 |
| Coralville Iowa COPS Series 2016 E (BB/NR) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
06/01/2021 |
|
499,990 |
| Iowa Finance Authority Midwestern Disaster Area Iowa Fertilizer Company Project RB
Refunding Series 2019 (BB-/NR) |
|
|
|
1,555,000 |
|
|
|
3.125 |
|
|
12/01/2022 |
|
1,591,931 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Iowa – (continued) |
| Iowa Finance Authority RB for Lifespace Communities, Inc. Obligated Group Series
2019 A-1 (BBB/NR) |
| $ |
|
|
1,700,000 |
|
|
|
4.000 |
% |
|
05/15/2055 |
|
$ 1,725,313 |
|
|
|
2,300,000 |
|
|
|
5.000 |
|
|
05/15/2055 |
|
2,505,413 |
| Iowa Finance Authority RB for Lifespace Communities, Inc. Obligated Group Series
2019 A-2 (BBB/NR) |
|
|
|
1,750,000 |
|
|
|
2.875 |
|
|
05/15/2049 |
|
1,766,923 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,338,377 |
| |
| Kansas – 0.1% |
| City of Wichita Health Care Facilities RB for Presbyterian Manors Obligated Group
Series III-2019 (NR/NR) |
|
|
|
450,000 |
|
|
|
4.000 |
|
|
05/15/2021 |
|
451,094 |
|
|
|
1,300,000 |
|
|
|
4.000 |
|
|
05/15/2023 |
|
1,316,627 |
|
|
|
1,015,000 |
|
|
|
4.000 |
|
|
05/15/2024 |
|
1,030,925 |
|
|
|
1,060,000 |
|
|
|
5.000 |
|
|
05/15/2025 |
|
1,121,109 |
|
|
|
1,165,000 |
|
|
|
5.000 |
|
|
05/15/2027 |
|
1,249,404 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,169,159 |
| |
| Kentucky – 1.5% |
| Kentucky Asset Liability Commission General Fund RB Refunding for Floating Rate
Project Notes Series 2007 A (NATL-RE) (A-/A1)(e) |
|
|
|
(3 Mo. LIBOR + 0.53%), |
|
|
|
|
|
8,480,000 |
|
|
|
0.674 |
|
|
11/01/2027 |
|
8,349,832 |
| Kentucky Economic Development Finance Authority Hospital RB Refunding for Owensboro
Medical Health System, Inc. Series 2017 A (AGM) (AA/A2) |
|
|
|
1,200,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
1,356,528 |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
06/01/2045 |
|
444,204 |
| Kentucky Economic Development Finance Authority Hospital RB Refunding for Owensboro
Medical Health System, Inc. Series 2017 B (AGM) (AA/A2) |
|
|
|
1,030,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
1,164,353 |
| Kentucky Economic Development Finance Authority RB Refunding for CommonSpirit
Health Obligated Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
1,085,251 |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
08/01/2036 |
|
1,081,669 |
| Kentucky Public Energy Authority Gas Supply RB Series 2018 B
(NR/A1)(b)(c) |
|
|
|
25,000,000 |
|
|
|
4.000 |
|
|
01/01/2025 |
|
28,102,000 |
| Kentucky Public Energy Authority Gas Supply RB Series 2019 A-1
(A/A2)(b)(c) |
|
|
|
22,955,000 |
|
|
|
4.000 |
|
|
06/01/2025 |
|
26,152,402 |
| Kentucky Public Energy Authority RB Series 2020 A (NR/A1)(b)(c) |
|
|
|
10,800,000 |
|
|
|
4.000 |
|
|
06/01/2026 |
|
12,570,120 |
| Kentucky State Property & Building Commission RB Refunding Project No. 112
Series 2016 B (ST APPROP) (A-/A1) |
|
|
|
8,145,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
9,817,902 |
| Louisville & Jefferson County Metropolitan Government Health System RB for
Norton Healthcare, Inc. Series 2016 A (A/NR) |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
10/01/2034 |
|
2,260,900 |
| Louisville & Jefferson County Metropolitan Government PCRB for Louisville Gas
& Electric Company Project Series 2001 B (AMT)
(A/A1)(b)(c) |
|
|
|
3,080,000 |
|
|
|
2.550 |
|
|
05/03/2021 |
|
3,098,511 |
| Louisville & Jefferson County Metropolitan Government RB for Norton Healthcare
Obligated Group Series 2020 A (A/NR) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
10/01/2039 |
|
1,757,895 |
|
|
|
1,100,000 |
|
|
|
4.000 |
|
|
10/01/2040 |
|
1,285,845 |
| Louisville & Jefferson County Metropolitan Government RB for Norton Healthcare
Obligated Group Series 2020 C (A/NR)(b)(c) |
|
|
|
8,500,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
10,509,910 |
| Louisville & Jefferson County Metropolitan Sewer District RB for Kentucky Sewer
& Drainage System Series 2011 A (AA/Aa3) |
|
|
|
2,295,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
2,382,807 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Kentucky – (continued) |
| Louisville & Jefferson County Metropolitan Sewer District RB Refunding for
Kentucky Sewer & Drainage System Series 2018 A (AA/Aa3) |
| $ |
|
|
10,000,000 |
|
|
|
4.000 |
% |
|
05/15/2038 |
|
$ 11,837,800 |
| University of Kentucky General Receipts Refunding Bonds Series 2015 A
(AA/Aa2) |
|
|
|
3,260,000 |
|
|
|
4.000 |
|
|
04/01/2026 |
|
3,722,333 |
| University of Louisville RB Series 2020 A (AGM) (AA/A1) |
|
|
|
1,080,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
1,293,883 |
|
|
|
1,135,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
1,395,789 |
|
|
|
1,195,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
1,504,350 |
|
|
|
1,255,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
1,610,466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
132,784,750 |
| |
| Louisiana – 1.5% |
| Calcasieu Parish Memorial Hospital Service District RB for Southwest Louisiana
Healthcare System Obligated Group Series 2019 (BB+/NR) |
|
|
|
770,000 |
|
|
|
4.000 |
|
|
12/01/2021 |
|
781,096 |
|
|
|
815,000 |
|
|
|
4.000 |
|
|
12/01/2022 |
|
839,515 |
|
|
|
1,135,000 |
|
|
|
4.000 |
|
|
12/01/2023 |
|
1,184,407 |
|
|
|
1,150,000 |
|
|
|
4.000 |
|
|
12/01/2024 |
|
1,216,021 |
|
|
|
1,385,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
1,546,172 |
|
|
|
1,455,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
1,647,540 |
|
|
|
1,530,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
1,752,263 |
|
|
|
1,605,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
1,855,926 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
1,165,040 |
| City of New Orleans Sewerage Service RB Series 2020 B (A/NR) |
|
|
|
1,325,000 |
|
|
|
5.000 |
|
|
06/01/2045 |
|
1,685,837 |
| City of New Orleans Sewerage Service RB Series 2020 B (AGM) (AA/NR) |
|
|
|
275,000 |
|
|
|
4.000 |
|
|
06/01/2035 |
|
334,972 |
|
|
|
310,000 |
|
|
|
4.000 |
|
|
06/01/2036 |
|
376,222 |
|
|
|
285,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
344,716 |
|
|
|
310,000 |
|
|
|
4.000 |
|
|
06/01/2038 |
|
373,866 |
|
|
|
355,000 |
|
|
|
4.000 |
|
|
06/01/2039 |
|
427,044 |
|
|
|
310,000 |
|
|
|
4.000 |
|
|
06/01/2040 |
|
372,003 |
| Lakeshore Villages Master Community Development District Special Assessment Series
2019 (NR/NR)(f) |
|
|
|
1,200,000 |
|
|
|
3.625 |
|
|
06/01/2024 |
|
1,222,728 |
|
|
|
2,540,000 |
|
|
|
3.750 |
|
|
06/01/2030 |
|
2,649,525 |
|
|
|
5,070,000 |
|
|
|
4.375 |
|
|
06/01/2048 |
|
5,343,729 |
| Louisiana Local Government Environmental Facilities & Community Development
Authority RB Refunding for Ragin Cajun Facilities, Inc. Series 2017 (AGM) (AA/NR) |
|
|
|
1,230,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
1,503,601 |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
10/01/2027 |
|
3,430,020 |
| Louisiana Local Government Environmental Facilities & Community Development
Authority RB Refunding for Westlake Chemical Corp. Projects Series 2017 (BBB-/Baa2) |
|
|
|
14,185,000 |
|
|
|
3.500 |
|
|
11/01/2032 |
|
15,707,192 |
| Louisiana Local Government Environmental Facilities & Community Development
Authority Subordinate Lien RB for East Baton Rouge Sewerage Commission Projects Series 2014 A (A+/A1)(g) |
|
|
|
6,250,000 |
|
|
|
4.375 |
|
|
02/01/2024 |
|
7,038,500 |
| Louisiana Local Government Environmental Facilities and Community Development
Authority RB Refunding for Ragin’ Cajun Facilities,
Inc. - Student Housing & Parking Project Series 2017 (AGM) (AA/NR) |
|
|
|
900,000 |
|
|
|
2.750 |
|
|
10/01/2023 |
|
949,347 |
|
|
|
670,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
750,454 |
| Louisiana Public Facilities Authority RB for Louisiana Children’s Medical
Center Obligated Series 2020 A (A+/NR) |
|
|
|
1,295,000 |
|
|
|
4.000 |
|
|
06/01/2050 |
|
1,501,190 |
| Louisiana Public Facilities Authority RB for Louisiana Children’s Medical
Center Obligated Series 2020 A (AGM) (AA/NR) |
|
|
|
3,530,000 |
|
|
|
3.000 |
|
|
06/01/2050 |
|
3,758,391 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Louisiana – (continued) |
| Louisiana Public Facilities Authority RB for Louisiana State University &
Agricultural & Mechanical College Auxiliary Greenhouse Phase III Project Series 2019 A (A/A3) |
| $ |
|
|
900,000 |
|
|
|
4.000 |
% |
|
07/01/2044 |
|
$ 986,796 |
|
|
|
900,000 |
|
|
|
4.000 |
|
|
07/01/2049 |
|
981,801 |
| Louisiana Public Facilities Authority RB Refunding for Energy LLC Project Series
2016 A (A/A2) |
|
|
|
6,600,000 |
|
|
|
3.375 |
|
|
09/01/2028 |
|
6,629,436 |
| Louisiana Public Facilities Authority RB Refunding for Energy LLC Project Series
2016 B (A/A2) |
|
|
|
1,625,000 |
|
|
|
3.500 |
|
|
06/01/2030 |
|
1,643,655 |
| Louisiana Public Facilities Authority RB Refunding for Ochsner Clinic Foundation
Project Series 2017 (A/A3) |
|
|
|
3,695,000 |
|
|
|
4.000 |
|
|
05/15/2042 |
|
4,133,412 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
05/15/2046 |
|
3,540,840 |
| New Orleans Aviation Board GARB Series 2015 B (AMT) (A-/A2) |
|
|
|
3,750,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
4,246,988 |
| New Orleans Aviation Board General Airport RB for North Terminal Project Series
2017 B (AMT) (A-/A2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2048 |
|
1,158,860 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp. Series 2017 A-1
(BBB-/Baa3)(b)(c) |
|
|
|
11,300,000 |
|
|
|
2.000 |
|
|
04/01/2023 |
|
11,463,850 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp. Series 2017 A-2
(BBB-/Baa3)(b)(c) |
|
|
|
15,505,000 |
|
|
|
2.100 |
|
|
07/01/2024 |
|
15,873,244 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp. Series 2017 A-3
(BBB-/Baa3)(b)(c) |
|
|
|
21,235,000 |
|
|
|
2.200 |
|
|
07/01/2026 |
|
21,901,991 |
| Port of New Orleans Board of Commissioners RB Refunding
Series 2013 B (A/A2)(g) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
550,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
132,868,220 |
| |
| Maine – 0.4% |
| City of Portland General Airport RB Refunding Green Bonds
Series 2019
(BBB+/Baa1) |
|
|
|
505,000 |
|
|
|
3.000 |
|
|
01/01/2025 |
|
542,143 |
|
|
|
800,000 |
|
|
|
3.000 |
|
|
01/01/2026 |
|
869,608 |
|
|
|
800,000 |
|
|
|
3.000 |
|
|
01/01/2027 |
|
873,800 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
368,742 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
280,984 |
|
|
|
270,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
341,836 |
|
|
|
370,000 |
|
|
|
5.000 |
|
|
01/01/2031 |
|
465,960 |
|
|
|
810,000 |
|
|
|
5.000 |
|
|
01/01/2032 |
|
1,015,133 |
|
|
|
690,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
857,994 |
|
|
|
620,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
766,252 |
| Finance Authority of Maine RB Refunding for Supplemental Education Loan Series 2019
A-1 (AMT) (AGM) (AA/A2) |
|
|
|
305,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
317,441 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
433,256 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
561,290 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
578,720 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
534,618 |
|
|
|
1,530,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
1,849,801 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
1,840,815 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
1,230,820 |
| Maine Health & Higher Educational Facilities Authority RB for Maine Medical
Center Series 2020 A (A+/A1) |
|
|
|
4,655,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
5,417,954 |
|
|
|
2,355,000 |
|
|
|
4.000 |
|
|
07/01/2050 |
|
2,719,507 |
| Maine Turnpike Authority RB Refunding Series 2015 (AA-/Aa3) |
|
|
|
1,575,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
1,888,520 |
| State of Maine GO Bonds Series 2018 D (AA/Aa2) |
|
|
|
9,765,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
11,349,859 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,105,053 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Maryland – 0.7% |
| Baltimore Maryland Special Obligation Refunding for Baltimore Research Park Project
Series 2017 A (NR/NR) |
| $ |
|
|
425,000 |
|
|
|
4.000 |
% |
|
09/01/2027 |
|
$ 449,131 |
|
|
|
650,000 |
|
|
|
4.500 |
|
|
09/01/2033 |
|
685,503 |
| City of Annapolis GO Refunding Bonds for Public Improvements
Series 2015 B
(AA+/Aa2) |
|
|
|
1,725,000 |
|
|
|
4.000 |
|
|
08/01/2027 |
|
2,116,851 |
| City of Baltimore Tax Allocation Refunding for Harbor Point Special Taxing District
Project Series 2019 A (NR/NR)(f) |
|
|
|
100,000 |
|
|
|
2.600 |
|
|
06/01/2021 |
|
100,122 |
|
|
|
100,000 |
|
|
|
2.650 |
|
|
06/01/2022 |
|
100,425 |
|
|
|
150,000 |
|
|
|
2.700 |
|
|
06/01/2023 |
|
151,009 |
|
|
|
100,000 |
|
|
|
2.750 |
|
|
06/01/2024 |
|
100,875 |
|
|
|
160,000 |
|
|
|
3.000 |
|
|
06/01/2024 |
|
161,002 |
|
|
|
125,000 |
|
|
|
2.800 |
|
|
06/01/2025 |
|
126,398 |
|
|
|
135,000 |
|
|
|
2.850 |
|
|
06/01/2026 |
|
137,032 |
|
|
|
175,000 |
|
|
|
2.950 |
|
|
06/01/2027 |
|
178,071 |
|
|
|
190,000 |
|
|
|
3.050 |
|
|
06/01/2028 |
|
191,885 |
|
|
|
200,000 |
|
|
|
3.150 |
|
|
06/01/2029 |
|
202,508 |
|
|
|
300,000 |
|
|
|
3.375 |
|
|
06/01/2029 |
|
301,512 |
|
|
|
200,000 |
|
|
|
3.200 |
|
|
06/01/2030 |
|
201,944 |
|
|
|
200,000 |
|
|
|
3.250 |
|
|
06/01/2031 |
|
201,758 |
|
|
|
250,000 |
|
|
|
3.300 |
|
|
06/01/2032 |
|
249,995 |
|
|
|
270,000 |
|
|
|
3.350 |
|
|
06/01/2033 |
|
269,449 |
| City of Brunswick Special Tax Refunding for Brunswick Crossing Special Taxing
District Series 2019 (NR/NR) |
|
|
|
880,000 |
|
|
|
3.000 |
|
|
07/01/2024 |
|
892,619 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
07/01/2029 |
|
1,027,283 |
| County of Baltimore RB Refunding for Oak Crest Village, Inc.
Series 2020
(A/NR) |
|
|
|
440,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
485,694 |
|
|
|
525,000 |
|
|
|
4.000 |
|
|
01/01/2039 |
|
577,789 |
|
|
|
570,000 |
|
|
|
4.000 |
|
|
01/01/2040 |
|
626,099 |
| County of Baltimore RB Refunding for Riderwood Village Obligated Group Series 2020
(A/NR) |
|
|
|
615,000 |
|
|
|
4.000 |
|
|
01/01/2032 |
|
697,871 |
|
|
|
530,000 |
|
|
|
4.000 |
|
|
01/01/2033 |
|
598,042 |
|
|
|
600,000 |
|
|
|
4.000 |
|
|
01/01/2034 |
|
674,058 |
|
|
|
540,000 |
|
|
|
4.000 |
|
|
01/01/2035 |
|
605,345 |
|
|
|
595,000 |
|
|
|
4.000 |
|
|
01/01/2036 |
|
665,032 |
|
|
|
660,000 |
|
|
|
4.000 |
|
|
01/01/2037 |
|
734,672 |
|
|
|
615,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
683,247 |
|
|
|
880,000 |
|
|
|
4.000 |
|
|
01/01/2039 |
|
974,723 |
|
|
|
880,000 |
|
|
|
4.000 |
|
|
01/01/2040 |
|
972,840 |
| County of Montgomery Public Improvement GO Bonds Series 2013 A (AAA/Aaa)(g) |
|
|
|
13,475,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
14,923,428 |
| Frederick County Maryland Special Tax for Lake Linganore Village Community
Development Series 2001 A (ASSURED GTY) (AA/NR) |
|
|
|
555,000 |
|
|
|
5.700 |
|
|
07/01/2029 |
|
557,109 |
| Frederick County Maryland Tax Allocation Refunding for Oakdale-Lake Linganore
Development District Series 2019 B (NR/NR) |
|
|
|
1,410,000 |
|
|
|
3.750 |
|
|
07/01/2039 |
|
1,416,119 |
| Frederick County Urbana Community Development Authority Special Tax Refunding
Series 2020 B (NR/NR) |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
310,686 |
| Maryland Economic Development Corp. RB for Ports America Chesapeake LLC Project
Series 2019 A (AMT) (NR/Baa3) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/01/2044 |
|
1,125,010 |
| Maryland Economic Development Corp. RB Refunding for Potomac Electric Power Co.
Project Series 2019 (A-/Baa1) |
|
|
|
6,620,000 |
|
|
|
1.700 |
|
|
09/01/2022 |
|
6,739,756 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Maryland – (continued) |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for
Frederick Health, Inc. Obligated Group Series 2020 (A-/Baa1) |
| $ |
|
|
800,000 |
|
|
|
3.250 |
% |
|
07/01/2039 |
|
$ 861,440 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
411,089 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
867,337 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for St.
John’s College Series 2020 (BBB/NR) |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
10/01/2026 |
|
341,573 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
10/01/2027 |
|
479,680 |
|
|
|
440,000 |
|
|
|
4.000 |
|
|
10/01/2028 |
|
497,534 |
|
|
|
355,000 |
|
|
|
4.000 |
|
|
10/01/2029 |
|
402,282 |
|
|
|
475,000 |
|
|
|
4.000 |
|
|
10/01/2030 |
|
541,567 |
|
|
|
795,000 |
|
|
|
3.000 |
|
|
10/01/2034 |
|
808,396 |
|
|
|
475,000 |
|
|
|
4.000 |
|
|
10/01/2040 |
|
526,571 |
| State of Maryland Department of Transportation RB Series 2015
(AAA/Aa1) |
|
|
|
15,780,000 |
|
|
|
4.000 |
|
|
02/01/2030 |
|
16,938,094 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63,888,455 |
| |
| Massachusetts – 1.1% |
| Commonwealth of Massachusetts GO Bonds Series 2014 A (AA/NR)(g) |
|
|
|
7,265,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
7,584,442 |
| Massachusetts Development Finance Agency RB for Harvard University Series 2016 A
(AAA/Aaa) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
07/15/2036 |
|
7,481,200 |
| Massachusetts Development Finance Agency RB for Linden Ponds, Inc. Series 2018
(BB/NR)(f) |
|
|
|
1,185,000 |
|
|
|
4.000 |
|
|
11/15/2023 |
|
1,219,566 |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
1,345,920 |
| Massachusetts Development Finance Agency RB for Wellesley College Series 2012 J
(AA+/Aa1) |
|
|
|
7,000,000 |
|
|
|
5.000 |
|
|
07/01/2042 |
|
7,361,690 |
| Massachusetts Development Finance Agency RB Refunding for Carleton-Willard Homes,
Inc. Series 2019 (A-/NR) |
|
|
|
225,000 |
|
|
|
4.000 |
|
|
12/01/2042 |
|
242,696 |
|
|
|
245,000 |
|
|
|
5.000 |
|
|
12/01/2042 |
|
280,295 |
| Massachusetts Development Finance Agency RB Refunding for Milford Regional Medical
Center Obligated Group Series 2020 G (BB+/NR)(f) |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
07/15/2021 |
|
127,291 |
|
|
|
115,000 |
|
|
|
5.000 |
|
|
07/15/2022 |
|
120,824 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
07/15/2024 |
|
139,906 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
07/15/2025 |
|
143,906 |
| Massachusetts Development Finance Agency RB Refunding for Wellforce Obligated Group
Series 2020 C (AGM) (AA/NR) |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
432,698 |
|
|
|
495,000 |
|
|
|
5.000 |
|
|
10/01/2027 |
|
627,675 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
10/01/2028 |
|
648,750 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
562,823 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
439,286 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
10/01/2031 |
|
601,209 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
530,544 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
10/01/2033 |
|
659,445 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
592,169 |
| Massachusetts Development Finance Agency Wellforce Obligation Group RB Refunding
Series 2019 A (BBB+/NR) |
|
|
|
825,000 |
|
|
|
5.000 |
|
|
07/01/2038 |
|
991,947 |
|
|
|
1,850,000 |
|
|
|
5.000 |
|
|
07/01/2039 |
|
2,216,726 |
| Massachusetts School Building Authority RB Series 2018 B (AA/Aa3) |
|
|
|
10,735,000 |
|
|
|
4.000 |
|
|
02/15/2039 |
|
11,690,415 |
| Massachusetts School Building Authority RB Taxable Refunding
Series 2019 B
(AA/Aa3) |
|
|
|
2,195,000 |
|
|
|
2.078 |
|
|
10/15/2023 |
|
2,281,373 |
| Massachusetts State GO Bonds Consolidated Loan Series 2007 A (NATL-RE) (AA/Aa1)(e) |
|
|
|
(3 Mo. LIBOR + 0.57%), |
|
|
|
|
|
1,970,000 |
|
|
|
0.714 |
|
|
05/01/2037 |
|
1,906,783 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Massachusetts – (continued) |
| Massachusetts State GO Bonds Consolidated Loan Series 2012 A
(BHAC-CR) (FGIC) (AA+/Aa1)(e) |
|
|
|
(3 Mo. LIBOR + 0.57%), |
|
|
| $ |
|
|
1,735,000 |
|
|
|
0.714 |
% |
|
05/01/2037 |
|
$ 1,679,324 |
| Massachusetts State GO Bonds Consolidated Loan Series 2018 D (AA/Aa1) |
|
|
|
4,030,000 |
|
|
|
4.000 |
|
|
05/01/2039 |
|
4,806,742 |
| Massachusetts State GO Bonds Series 2017 F (AA/Aa1) |
|
|
|
8,665,000 |
|
|
|
5.000 |
|
|
11/01/2043 |
|
10,787,925 |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Senior RB
Refunding Series 2019 A (A+/A2) |
|
|
|
8,500,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
10,378,500 |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
12,564,800 |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Subordinate RB
Series 2019 A (AA/Aa2)(b)(c) |
|
|
|
5,525,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
6,037,223 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
96,484,093 |
| |
| Michigan – 2.4% |
| City of Detroit Financial Recovery GO Bonds Series 2014 B-1 (NR/NR)(c) |
|
|
|
25,718,183 |
|
|
|
4.000 |
|
|
04/01/2034 |
|
20,838,158 |
| City of Detroit Financial Recovery GO Bonds Series 2014 B-2 (NR/NR)(c) |
|
|
|
331,114 |
|
|
|
4.000 |
|
|
04/01/2034 |
|
268,285 |
| City of Detroit GO Bonds Series 2020 (BB-/Ba3) |
|
|
|
685,000 |
|
|
|
5.000 |
|
|
04/01/2021 |
|
690,740 |
|
|
|
235,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
243,909 |
|
|
|
245,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
258,779 |
|
|
|
265,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
283,577 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
298,961 |
|
|
|
290,000 |
|
|
|
5.000 |
|
|
04/01/2026 |
|
319,006 |
|
|
|
615,000 |
|
|
|
5.000 |
|
|
04/01/2027 |
|
682,004 |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
04/01/2028 |
|
720,097 |
|
|
|
455,000 |
|
|
|
5.000 |
|
|
04/01/2029 |
|
509,445 |
|
|
|
710,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
800,667 |
| City of Grand Rapids RB Refunding for Sanitary Sewerage System
Series 2020
(AA/Aa2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2045 |
|
1,288,440 |
| Detroit Downtown Development Authority RB Refunding for Catalyst Development
Project Series 2018 A (AGM) (AA/NR) |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
1,227,435 |
|
|
|
1,130,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
1,287,307 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
1,136,260 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
1,134,410 |
|
|
|
3,435,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
3,867,741 |
|
|
|
3,330,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
3,731,365 |
| Ecorse Public School District GO Refunding Bonds Series 2019 (Q-SBLF)
(NR/Aa1) |
|
|
|
6,200,000 |
|
|
|
2.192 |
|
|
05/01/2026 |
|
6,643,362 |
|
|
|
15,160,000 |
|
|
|
2.302 |
|
|
05/01/2027 |
|
16,344,299 |
| Great Lakes Water Authority Sewage Disposal System RB Refunding for Second Lien
Series 2016 C (A+/A2) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
3,624,420 |
| Great Lakes Water Authority Water Supply System Refunding Senior Lien RB Series
2016C (AA-/A1) |
|
|
|
8,300,000 |
|
|
|
5.250 |
|
|
07/01/2033 |
|
10,237,552 |
|
|
|
17,775,000 |
|
|
|
5.250 |
|
|
07/01/2034 |
|
21,870,716 |
| Michigan Finance Authority Hospital RB for Henry Ford Health System Obligated Group
Series 2019 A (A/A2) |
|
|
|
1,850,000 |
|
|
|
5.000 |
|
|
11/15/2048 |
|
2,323,471 |
|
|
|
3,700,000 |
|
|
|
4.000 |
|
|
11/15/2050 |
|
4,272,464 |
| Michigan Finance Authority Hospital RB for McLaren Health Care Corp. Obligated
Group Series 2019 A (AA-/A1) |
|
|
|
8,250,000 |
|
|
|
4.000 |
|
|
02/15/2047 |
|
9,490,800 |
|
|
|
17,000,000 |
|
|
|
4.000 |
|
|
02/15/2050 |
|
19,362,830 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Michigan – (continued) |
| Michigan Finance Authority Local Government Loan Program RB for Detroit Financial
Recovery Income Tax Revenue and Refunding Local Project Bonds Series 2014 F (BB+/NR) |
| $ |
|
|
1,000,000 |
|
|
|
3.875 |
% |
|
10/01/2023 |
|
$ 1,036,300 |
| Michigan Finance Authority Local Government Loan Program RB for Detroit Water and
Sewerage Department Sewage Disposal System Local Project Senior Lien Series 2014 D-4 (AA-/A1) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
1,136,260 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewer Series 2014 D-1 (NATL-RE) (A+/A2) |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
735,696 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Sewage Disposal System Local Project Senior Lien Series 2014 C-3 (AGM) (AA/A1) |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
371,329 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
284,987 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Sewage Disposal System Second Lien Series 2015 C (A+/A2) |
|
|
|
1,945,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
2,273,647 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Water Supply System Local Project Senior Lien Series 2014 D-1 (AGM) (AA/A1) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
454,648 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Water Supply System Series 2015 D-1 (AA-/A1) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
1,186,820 |
| Michigan Finance Authority RB Refunding for Kettering University Series 2020
(A-/NR) |
|
|
|
450,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
496,287 |
|
|
|
475,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
520,006 |
| Michigan Finance Authority RB Senior Lien Series 2014 C-1 (NR/NR)(g) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
1,072,100 |
| Michigan Finance Authority RB Senior Lien Series 2014 C-2 (AMT) (NR/NR)(g) |
|
|
|
5,015,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
5,366,451 |
| Michigan Finance Authority Tobacco Settlement RB Refunding
Series 2020 B-1 Class
2 (BBB-/NR) |
|
|
|
1,270,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
1,543,304 |
| Michigan Finance Authority Tobacco Settlement RB Refunding
Series 2020 B-2 Class
2 (NR/NR)(d) |
|
|
|
92,350,000 |
|
|
|
0.000 |
|
|
06/01/2065 |
|
11,313,799 |
| Michigan Strategic Fund Limited Obligation RB for I-75 Improvement Project Series
2018 (AMT) (AGM) (AA/A2) |
|
|
|
15,000,000 |
|
|
|
4.250 |
|
|
12/31/2038 |
|
17,846,700 |
| Michigan Strategic Fund RB Refunding for The Detroit Edison Company Pollution
Control Bonds Project Series 1995 CC (A/Aa3)(b)(c) |
|
|
|
1,115,000 |
|
|
|
1.450 |
|
|
09/01/2021 |
|
1,118,780 |
| Okemos Public Schools GO Bonds Series 2019 (Q-SBLF) (NR/Aa1) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
2,219,080 |
|
|
|
2,125,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
2,455,395 |
| Van Buren Public Schools Michigan GO Unlimited Refunding Bonds Series 2019 (Q-SBLF)
(AA/NR) |
|
|
|
2,485,000 |
|
|
|
4.000 |
|
|
11/01/2026 |
|
2,948,775 |
|
|
|
2,585,000 |
|
|
|
4.000 |
|
|
11/01/2027 |
|
3,127,023 |
| Warren Consolidated School District Unlimited Tax GO Refunding Bonds for School
Building and Site Bonds Series 2016 (Q-SBLF) (AA/NR) |
|
|
|
1,145,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
1,367,966 |
|
|
|
1,215,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
1,498,544 |
|
|
|
3,705,000 |
|
|
|
5.000 |
|
|
05/01/2027 |
|
4,571,822 |
| Washtenaw County Ypsilanti Community Schools GO Refunding Bonds Series 2020
(Q-SBLF) (AA/NR) |
|
|
|
580,000 |
|
|
|
2.019 |
|
|
05/01/2025 |
|
594,523 |
|
|
|
1,000,000 |
|
|
|
2.138 |
|
|
05/01/2026 |
|
1,030,120 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Michigan – (continued) |
| Washtenaw County Ypsilanti Community Schools Unlimited Tax GO Refunding Bonds
Series 2015 B (Q-SBLF) (AA/NR) |
| $ |
|
|
2,160,000 |
|
|
|
5.000 |
% |
|
05/01/2022 |
|
$ 2,286,144 |
| Wayne County Airport Authority RB for Detroit Metropolitan Wayne County Airport
Series 2017 B (AMT) (A-/A1) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
478,988 |
|
|
|
1,065,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
1,273,580 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
775,307 |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
12/01/2036 |
|
951,600 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
1,044,446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
207,136,927 |
| |
| Minnesota – 0.3% |
| City of Minneapolis GO Green Bonds Series 2019 (AAA/NR) |
|
|
|
2,390,000 |
|
|
|
2.000 |
|
|
12/01/2029 |
|
2,551,540 |
|
|
|
2,940,000 |
|
|
|
2.000 |
|
|
12/01/2030 |
|
3,113,519 |
| City of St Cloud RB Refunding for CentraCare Health System Obligated Group Series
2019 (AA-/A2) |
|
|
|
3,300,000 |
|
|
|
5.000 |
|
|
05/01/2048 |
|
4,057,086 |
|
|
|
1,325,000 |
|
|
|
4.000 |
|
|
05/01/2049 |
|
1,503,000 |
| City of Woodbury RB Refunding for Math & Science Academy Series 2020 A
(BBB-/NR) |
|
|
|
440,000 |
|
|
|
3.000 |
|
|
12/01/2030 |
|
455,488 |
| Duluth Economic Development Authority Health Care Facilities RB Refunding for
Essentia Health Obligated Group Series 2018 A (A-/NR) |
|
|
|
1,560,000 |
|
|
|
4.250 |
|
|
02/15/2048 |
|
1,726,062 |
| Duluth Independent School District No.709 COPS Refunding Series 2019 A
(NR/Ba2) |
|
|
|
390,000 |
|
|
|
3.000 |
|
|
03/01/2021 |
|
390,487 |
|
|
|
610,000 |
|
|
|
3.000 |
|
|
03/01/2022 |
|
615,246 |
|
|
|
630,000 |
|
|
|
3.000 |
|
|
03/01/2023 |
|
639,211 |
|
|
|
650,000 |
|
|
|
3.250 |
|
|
03/01/2024 |
|
667,082 |
| Duluth Independent School District No.709 COPS Refunding Series 2019 B (SD CRED
PROG) (NR/Aa2) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
300,927 |
|
|
|
320,000 |
|
|
|
5.000 |
|
|
02/01/2022 |
|
334,602 |
|
|
|
380,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
413,231 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
451,388 |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
02/01/2025 |
|
438,446 |
|
|
|
1,105,000 |
|
|
|
5.000 |
|
|
02/01/2027 |
|
1,371,493 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
02/01/2028 |
|
444,843 |
| Minnesota Higher Education Facilities Authority RB Refunding for Bethel University
Project Series 2017 (BBB-/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
05/01/2047 |
|
541,405 |
| Minnesota Higher Education Facilities Authority RB Refunding for College of St.
Scholastica, Inc. Series 2019 (NR/Baa2) |
|
|
|
165,000 |
|
|
|
4.000 |
|
|
12/01/2026 |
|
184,462 |
|
|
|
165,000 |
|
|
|
4.000 |
|
|
12/01/2027 |
|
186,397 |
|
|
|
205,000 |
|
|
|
4.000 |
|
|
12/01/2028 |
|
233,347 |
|
|
|
125,000 |
|
|
|
4.000 |
|
|
12/01/2029 |
|
143,269 |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
12/01/2030 |
|
284,710 |
|
|
|
170,000 |
|
|
|
4.000 |
|
|
12/01/2031 |
|
192,510 |
| Minnesota State Trunk Highway GO Refunding Bonds Series 2017 E
(AAA/Aa1) |
|
|
|
1,680,000 |
|
|
|
3.000 |
|
|
10/01/2029 |
|
1,926,994 |
| University of Minnesota GO Bonds Series 2013 A (AA/Aa1) |
|
|
|
3,185,000 |
|
|
|
4.000 |
|
|
02/01/2029 |
|
3,402,217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,568,962 |
| |
| Mississippi – 0.3% |
| Mississippi Business Finance Corp. RB for Chevron USA, Inc. Series 2009 B (AA/Aa2)(b)(c) |
|
|
|
11,100,000 |
|
|
|
0.100 |
|
|
01/01/2021 |
|
11,100,000 |
| Mississippi Business Finance Corp. RB for Mississippi Power Co. Project First
Series 2010 (A-/NR)(b)(c) |
|
|
|
4,120,000 |
|
|
|
2.750 |
|
|
12/09/2021 |
|
4,224,360 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Mississippi – (continued) |
| Mississippi Business Finance Corp. System Energy Resources Inc. RB Series 2019
(BBB+/Baa3) |
| $ |
|
|
5,950,000 |
|
|
|
2.500 |
% |
|
04/01/2022 |
|
$ 5,974,216 |
| Mississippi State GO Bonds Series 2015 F (AA/Aa2) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
11/01/2035 |
|
1,145,790 |
| Warren County Gulf Opportunity Zone RB Refunding for International Paper Company,
Series 2018 (BBB/Baa2)(b)(c) |
|
|
|
2,700,000 |
|
|
|
2.900 |
|
|
09/01/2023 |
|
2,874,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,318,786 |
| |
| Missouri – 1.1% |
| Branson IDA Tax Increment RB Refunding for Branson Shoppes Redevelopment Project
Series 2017 A (NR/NR) |
|
|
|
350,000 |
|
|
|
3.000 |
|
|
11/01/2021 |
|
351,039 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
11/01/2022 |
|
356,962 |
| I-470 Western Gateway Transportation Development District RB Series 2019 A (NR/NR)(f) |
|
|
|
1,000,000 |
|
|
|
4.500 |
|
|
12/01/2029 |
|
1,042,070 |
| Kansas City Industrial Development Authority RB for Kansas City International
Airport Series 2019 A (AMT) (A-/A2) |
|
|
|
4,200,000 |
|
|
|
5.000 |
|
|
03/01/2030 |
|
5,337,864 |
|
|
|
4,410,000 |
|
|
|
5.000 |
|
|
03/01/2031 |
|
5,577,062 |
|
|
|
4,630,000 |
|
|
|
5.000 |
|
|
03/01/2032 |
|
5,819,632 |
|
|
|
4,865,000 |
|
|
|
5.000 |
|
|
03/01/2033 |
|
6,077,407 |
| Kansas City Industrial Development Authority RB for Kansas City International
Airport Series 2019 C (A-/A2) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
03/01/2033 |
|
2,540,240 |
|
|
|
3,200,000 |
|
|
|
5.000 |
|
|
03/01/2034 |
|
4,048,512 |
| Metropolitan St. Louis Sewer District RB Refunding Series 2017 A
(AAA/Aa1) |
|
|
|
19,880,000 |
|
|
|
5.000 |
|
|
05/01/2047 |
|
24,470,690 |
| Missouri Health & Educational Facilities Authority RB for Kansas City Art
Institute Series 2018 (A-/NR) |
|
|
|
830,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
970,112 |
| Missouri Health & Educational Facilities Authority RB Refunding for J.B. Wright
& Trenton Trust Obligated Group Series 2019 (BBB-/NR) |
|
|
|
320,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
371,242 |
|
|
|
860,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
1,040,660 |
|
|
|
1,355,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
1,667,287 |
| Missouri Health & Educational Facilities Authority RB Refunding for Mosaic
Health System Series 2019 A (AA-/A1) |
|
|
|
420,000 |
|
|
|
4.000 |
|
|
02/15/2037 |
|
494,924 |
|
|
|
675,000 |
|
|
|
4.000 |
|
|
02/15/2038 |
|
793,381 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
02/15/2039 |
|
586,250 |
|
|
|
1,850,000 |
|
|
|
4.000 |
|
|
02/15/2044 |
|
2,134,216 |
|
|
|
5,000,000 |
|
|
|
4.000 |
|
|
02/15/2049 |
|
5,717,550 |
| Missouri Southern State University Auxiliary System RB Series 2019 A (AGM)
(AA/NR) |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
341,110 |
| Missouri Southern State University RB Series 2019 A (AGM) (AA/NR) |
|
|
|
210,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
249,484 |
|
|
|
210,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
261,840 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
184,119 |
|
|
|
240,000 |
|
|
|
4.000 |
|
|
10/01/2034 |
|
272,722 |
|
|
|
125,000 |
|
|
|
4.000 |
|
|
10/01/2035 |
|
141,630 |
|
|
|
150,000 |
|
|
|
4.000 |
|
|
10/01/2036 |
|
169,374 |
|
|
|
170,000 |
|
|
|
4.000 |
|
|
10/01/2037 |
|
191,403 |
|
|
|
145,000 |
|
|
|
4.000 |
|
|
10/01/2038 |
|
162,816 |
|
|
|
110,000 |
|
|
|
4.000 |
|
|
10/01/2039 |
|
123,253 |
| Missouri State Environmental Improvement & Energy Resources Authority RB
Refunding for Union Electric Co. Project Series 1992 (A/A2) |
|
|
|
4,270,000 |
|
|
|
1.600 |
|
|
12/01/2022 |
|
4,310,181 |
| Springfield Public Utility RB Refunding Series 2015 (AA+/NR) |
|
|
|
15,750,000 |
|
|
|
3.250 |
|
|
08/01/2027 |
|
17,603,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
93,408,807 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Montana – 0.0% |
| City of Billings RB for Sewer System Series 2017 (AA+/Aa3) |
| $ |
|
|
575,000 |
|
|
|
5.000 |
% |
|
07/01/2029 |
|
$ 726,070 |
| |
| Nebraska – 0.3% |
| Central Plains Energy Project RB Refunding Series 2019 (AA/Aa2)(b)(c) |
|
|
|
12,675,000 |
|
|
|
4.000 |
|
|
08/01/2025 |
|
14,558,378 |
| Nebraska Educational Health Cultural & Social Services Finance Authority RB
Refunding for Immanuel Retirement Communities Obligated Group Series 2019 A (AA/NR) |
|
|
|
415,000 |
|
|
|
4.000 |
|
|
01/01/2033 |
|
473,606 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
01/01/2034 |
|
1,136,960 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
01/01/2035 |
|
1,134,360 |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
01/01/2036 |
|
1,413,100 |
|
|
|
1,185,000 |
|
|
|
4.000 |
|
|
01/01/2037 |
|
1,334,962 |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
1,684,710 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
01/01/2039 |
|
2,239,540 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,975,616 |
| |
| Nevada – 0.9% |
| City of Las Vegas Special Improvement District No. 813 for Summerlin Village 26
Local Improvement Bonds Series 2017 (NR/NR) |
|
|
|
130,000 |
|
|
|
3.000 |
|
|
06/01/2021 |
|
130,557 |
|
|
|
230,000 |
|
|
|
3.000 |
|
|
06/01/2022 |
|
233,169 |
| City of Las Vegas Special Improvement District No. 814 Special Assessment Series
2019 (NR/NR) |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
06/01/2021 |
|
100,469 |
|
|
|
395,000 |
|
|
|
3.250 |
|
|
06/01/2022 |
|
402,027 |
|
|
|
200,000 |
|
|
|
3.500 |
|
|
06/01/2025 |
|
209,826 |
|
|
|
185,000 |
|
|
|
3.500 |
|
|
06/01/2026 |
|
195,160 |
|
|
|
200,000 |
|
|
|
3.500 |
|
|
06/01/2027 |
|
211,888 |
|
|
|
150,000 |
|
|
|
3.500 |
|
|
06/01/2028 |
|
158,727 |
|
|
|
170,000 |
|
|
|
3.500 |
|
|
06/01/2029 |
|
179,901 |
|
|
|
175,000 |
|
|
|
3.250 |
|
|
06/01/2030 |
|
180,329 |
|
|
|
310,000 |
|
|
|
3.250 |
|
|
06/01/2031 |
|
318,271 |
|
|
|
415,000 |
|
|
|
3.500 |
|
|
06/01/2032 |
|
428,433 |
|
|
|
470,000 |
|
|
|
3.500 |
|
|
06/01/2033 |
|
482,756 |
|
|
|
1,000,000 |
|
|
|
3.500 |
|
|
06/01/2034 |
|
1,024,160 |
| City of North Las Vegas Special Improvement District No. 64 Special Assessment
Bonds Series 2019 (NR/NR) |
|
|
|
250,000 |
|
|
|
4.250 |
|
|
06/01/2034 |
|
263,728 |
|
|
|
295,000 |
|
|
|
4.500 |
|
|
06/01/2039 |
|
314,771 |
|
|
|
250,000 |
|
|
|
4.625 |
|
|
06/01/2043 |
|
266,600 |
|
|
|
395,000 |
|
|
|
4.625 |
|
|
06/01/2049 |
|
418,443 |
| City of Sparks RB Refunding for Nevada Tourism Improvement District No. 1 Senior
Project Series 2019 A (NR/Ba2)(f) |
|
|
|
625,000 |
|
|
|
2.500 |
|
|
06/15/2024 |
|
627,569 |
|
|
|
1,505,000 |
|
|
|
2.750 |
|
|
06/15/2028 |
|
1,514,451 |
| Clark County School District Building GO Bonds Series 2018 A
(A+/A1) |
|
|
|
7,335,000 |
|
|
|
5.000 |
|
|
06/15/2033 |
|
9,155,767 |
| Clark County School District Building GO Bonds Series 2019 B (AGM)
(AA/A1) |
|
|
|
8,540,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
11,169,551 |
| Clark County School District GO Bonds Series 2018 A (A+/A1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
6,324,300 |
|
|
|
11,180,000 |
|
|
|
5.000 |
|
|
06/15/2031 |
|
14,084,340 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Nevada – (continued) |
| Clark County School District GO Bonds Series 2020 A (AGM) (AA/A1) |
| $ |
|
|
880,000 |
|
|
|
5.000 |
% |
|
06/15/2027 |
|
$ 1,116,738 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
06/15/2028 |
|
1,140,946 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
06/15/2029 |
|
1,162,005 |
|
|
|
770,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
1,033,663 |
|
|
|
705,000 |
|
|
|
5.000 |
|
|
06/15/2031 |
|
941,746 |
|
|
|
795,000 |
|
|
|
5.000 |
|
|
06/15/2032 |
|
1,051,642 |
|
|
|
725,000 |
|
|
|
5.000 |
|
|
06/15/2033 |
|
953,810 |
|
|
|
835,000 |
|
|
|
5.000 |
|
|
06/15/2034 |
|
1,095,320 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
06/15/2035 |
|
1,151,489 |
|
|
|
835,000 |
|
|
|
4.000 |
|
|
06/15/2036 |
|
1,011,460 |
|
|
|
900,000 |
|
|
|
4.000 |
|
|
06/15/2037 |
|
1,086,543 |
|
|
|
855,000 |
|
|
|
4.000 |
|
|
06/15/2038 |
|
1,029,215 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
06/15/2039 |
|
1,140,674 |
|
|
|
700,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
838,418 |
| Henderson Nevada Local Improvement District No. T-18 (Inspirada) Special Assessment
Refunding Limited Obligation Series 2016 (NR/NR) |
|
|
|
1,285,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
1,363,282 |
| Las Vegas Convention & Visitors Authority RB Refunding
Series 2016 C
(A/Aa3) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
1,467,900 |
| Las Vegas Convention & Visitors Authority RB Refunding
Series 2017 B
(A/Aa3) |
|
|
|
715,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
839,639 |
| Las Vegas Convention & Visitors Authority RB Refunding
Series 2018 C
(A/Aa3) |
|
|
|
605,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
728,856 |
| Las Vegas Convention & Visitors Authority RB Series 2018 B
(A/Aa3) |
|
|
|
2,685,000 |
|
|
|
5.000 |
|
|
07/01/2043 |
|
3,217,248 |
| Las Vegas Convention & Visitors Authority RB Series 2019 B
(A/Aa3) |
|
|
|
1,050,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
1,256,692 |
| State of Nevada GO Refunding Bonds for Capital Improvements & Cultural Affairs
Series 2015 B (AA+/Aa1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
5,976,050 |
| Tahoe-Douglas Visitors Authority RB Series 2020 (NR/NR) |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
1,901,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
79,899,996 |
| |
| New Hampshire – 0.8% |
| New Hampshire Business Finance Authority RB Refunding for United Illuminating Co.
(The) Series 2003 A (A-/Baa1)(b)(c) |
|
|
|
2,695,000 |
|
|
|
2.800 |
|
|
10/02/2023 |
|
2,835,382 |
| New Hampshire Business Finance Authority RB Refunding for Waste Management, Inc.
Series 2018 A (AMT) (A-/NR)(b) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.75%), |
|
|
|
|
|
7,400,000 |
|
|
|
0.840 |
|
|
10/01/2021 |
|
7,402,590 |
| New Hampshire Health and Education Facilities Authority RB Refunding for
Dartmouth-Hitchcock Obligation Group Series 2017 A (A/NR) |
|
|
|
8,965,000 |
|
|
|
5.000 |
|
|
08/01/2032 |
|
11,104,497 |
|
|
|
3,880,000 |
|
|
|
5.000 |
|
|
08/01/2033 |
|
4,786,717 |
|
|
|
4,075,000 |
|
|
|
5.000 |
|
|
08/01/2034 |
|
5,017,059 |
|
|
|
4,290,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
5,270,565 |
|
|
|
4,505,000 |
|
|
|
5.000 |
|
|
08/01/2036 |
|
5,519,256 |
|
|
|
4,735,000 |
|
|
|
5.000 |
|
|
08/01/2037 |
|
5,786,738 |
|
|
|
4,980,000 |
|
|
|
5.000 |
|
|
08/01/2038 |
|
6,072,712 |
|
|
|
5,235,000 |
|
|
|
5.000 |
|
|
08/01/2039 |
|
6,371,885 |
|
|
|
5,505,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
6,687,364 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
66,854,765 |
| |
| New Jersey – 5.8% |
| Atlantic City New Jersey Tax Appeal Refunding Bonds Series 2017 A (BAM) (ST AID
WITHHLDG) (AA/Baa1) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
03/01/2024 |
|
339,867 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
03/01/2026 |
|
303,255 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| Borough of Stone Harbor GO Bonds Series 2018 (AA+/NR) |
| $ |
|
|
1,345,000 |
|
|
|
4.000 |
% |
|
11/01/2026 |
|
$ 1,562,675 |
| County of Cape May GO Bonds Series 2019 (NR/Aa1) |
|
|
|
1,975,000 |
|
|
|
4.000 |
|
|
10/01/2025 |
|
2,307,076 |
| Garden State Preservation Trust Capital Appreciation RB Series 2003 B (AGM) (AA/A2)(d) |
|
|
|
2,560,000 |
|
|
|
0.000 |
|
|
11/01/2021 |
|
2,543,872 |
| Hawthorne School District GO Bonds Series 2019 (BAM) (SCH BD RES FD)
(AA/NR) |
|
|
|
1,100,000 |
|
|
|
3.000 |
|
|
09/01/2034 |
|
1,188,572 |
|
|
|
1,350,000 |
|
|
|
3.000 |
|
|
09/01/2035 |
|
1,452,100 |
|
|
|
1,350,000 |
|
|
|
3.000 |
|
|
09/01/2036 |
|
1,444,851 |
|
|
|
1,350,000 |
|
|
|
3.000 |
|
|
09/01/2037 |
|
1,439,613 |
|
|
|
1,350,000 |
|
|
|
3.000 |
|
|
09/01/2038 |
|
1,435,415 |
|
|
|
1,100,000 |
|
|
|
3.000 |
|
|
09/01/2039 |
|
1,167,804 |
| New Jersey Economic Development Authority RB for Provident Group - Kean Properties
L.L.C. - Kean University Student Housing Project Series 2017 A (B/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
495,845 |
| New Jersey Economic Development Authority RB for School Facilities Construction
Series 2016 AAA (BBB/Baa1) |
|
|
|
4,000,000 |
|
|
|
5.500 |
|
|
06/15/2033 |
|
4,830,200 |
| New Jersey Economic Development Authority RB for School Facilities Construction
Series 2018 EEE (BBB/Baa1) |
|
|
|
5,805,000 |
|
|
|
5.000 |
|
|
06/15/2028 |
|
7,219,795 |
|
|
|
10,295,000 |
|
|
|
5.000 |
|
|
06/15/2029 |
|
12,874,206 |
| New Jersey Economic Development Authority RB Refunding for Port Newark Container
Terminal LLC Project Series 2017 (AMT) (NR/Baa3) |
|
|
|
4,325,000 |
|
|
|
5.000 |
|
|
10/01/2047 |
|
4,925,396 |
| New Jersey Economic Development Authority RB Refunding for Provident Group -
Montclair Properties L.L.C. - Montclair University Student Housing Project Series 2017 (AGM) (AA/A2) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
06/01/2042 |
|
1,535,469 |
| New Jersey Economic Development Authority RB Refunding for School Facilities
Construction Series 2005 N-1 (AMBAC) (BBB/Baa1) |
|
|
|
2,680,000 |
|
|
|
5.500 |
|
|
09/01/2024 |
|
3,122,468 |
| New Jersey Economic Development Authority RB Refunding for School Facilities
Construction Series 2018 FFF (BBB/Baa1) |
|
|
|
9,340,000 |
|
|
|
5.000 |
|
|
06/15/2029 |
|
11,679,950 |
| New Jersey Economic Development Authority RB Refunding for The Seeing Eye, Inc.
Project Series 2017 (A/NR) |
|
|
|
785,000 |
|
|
|
3.000 |
|
|
06/01/2032 |
|
820,168 |
|
|
|
1,545,000 |
|
|
|
5.000 |
|
|
06/01/2032 |
|
1,865,278 |
| New Jersey Economic Development Authority RB Series 1997 A
(NATL-RE)
(BBB/Baa1) |
|
|
|
22,075,000 |
|
|
|
7.425 |
|
|
02/15/2029 |
|
28,452,688 |
| New Jersey Economic Development Authority State Lease RB for Juvenile Justice
Commission Facilities Project Series 2018 C (BBB/Baa1) |
|
|
|
5,380,000 |
|
|
|
5.000 |
|
|
06/15/2037 |
|
6,374,762 |
| New Jersey Educational Facilities Authority RB for Princeton University Series 2014
A (AAA/Aaa) |
|
|
|
8,220,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
9,558,298 |
| New Jersey Educational Facilities Authority RB for Rider University A New Jersey
Non-Profit Corp. Series 2017 F (BB+/Ba1) |
|
|
|
1,600,000 |
|
|
|
4.000 |
|
|
07/01/2042 |
|
1,471,888 |
| New Jersey Educational Facilities Authority RB for Stevens Institute of Technology
Series 2020 A (BBB+/NR) |
|
|
|
1,090,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
1,364,310 |
|
|
|
1,130,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
1,409,675 |
|
|
|
1,095,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
1,362,213 |
|
|
|
2,200,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
2,728,066 |
|
|
|
1,980,000 |
|
|
|
5.000 |
|
|
07/01/2038 |
|
2,448,329 |
|
|
|
1,610,000 |
|
|
|
5.000 |
|
|
07/01/2045 |
|
1,953,123 |
| New Jersey Educational Facilities Authority RB Refunding for Princeton University
Series 2017 I (AAA/Aaa) |
|
|
|
2,675,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
3,413,220 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey Educational Facilities Authority RB Refunding for The College of New
Jersey Series 2016 F (A/A2) |
| $ |
|
|
1,250,000 |
|
|
|
3.000 |
% |
|
07/01/2040 |
|
$ 1,275,812 |
| New Jersey Health Care Facilities Financing Authority RB Refunding for RWJ Barnabas
Health Obligated Group Series 2019 B-1 (AA-/A1)(b)(c) |
|
|
|
10,910,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
12,562,319 |
| New Jersey State Turnpike Authority RB Refunding Series 2017 C-5 (A+/A2)(b) |
|
|
|
(1 Mo. LIBOR + 0.46%), |
|
|
|
|
|
5,000,000 |
|
|
|
0.568 |
|
|
01/01/2021 |
|
5,000,000 |
| New Jersey State Turnpike Authority RB Series 2014 A (A+/A2) |
|
|
|
8,095,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
9,327,464 |
| New Jersey State Turnpike Authority RB Series 2015 E (A+/A2) |
|
|
|
8,945,000 |
|
|
|
5.000 |
|
|
01/01/2032 |
|
10,340,688 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2045 |
|
5,673,050 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2006 C (AMBAC) (BBB/Baa1)(d) |
|
|
|
24,175,000 |
|
|
|
0.000 |
|
|
12/15/2035 |
|
16,728,616 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2010 A (BBB/Baa1)(d) |
|
|
|
10,025,000 |
|
|
|
0.000 |
|
|
12/15/2026 |
|
9,046,861 |
|
|
|
3,190,000 |
|
|
|
0.000 |
|
|
12/15/2029 |
|
2,627,858 |
|
|
|
1,325,000 |
|
|
|
0.000 |
|
|
12/15/2031 |
|
1,019,813 |
|
|
|
5,000,000 |
|
|
|
0.000 |
|
|
12/15/2036 |
|
3,211,850 |
|
|
|
1,495,000 |
|
|
|
0.000 |
|
|
12/15/2037 |
|
925,240 |
| New Jersey Transportation Trust Fund Authority RB for Transportation Program Bonds
Series 2015 AA (BBB/Baa1) |
|
|
|
755,000 |
|
|
|
5.000 |
|
|
06/15/2046 |
|
839,356 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2005 B (NATL-RE) (BBB/Baa1) |
|
|
|
9,075,000 |
|
|
|
5.500 |
|
|
12/15/2021 |
|
9,508,150 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 A (AGM-CR) (AA/A2) |
|
|
|
20,730,000 |
|
|
|
5.250 |
|
|
12/15/2022 |
|
22,641,513 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 C (NATL-RE) (BBB/Baa1)(d) |
|
|
|
7,530,000 |
|
|
|
0.000 |
|
|
12/15/2027 |
|
6,743,115 |
|
|
|
18,565,000 |
|
|
|
0.000 |
|
|
12/15/2031 |
|
14,760,475 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2011 B (AMBAC) (BBB/Baa1) |
|
|
|
1,705,000 |
|
|
|
5.250 |
|
|
12/15/2022 |
|
1,858,024 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2008 A (BBB/Baa1)(d) |
|
|
|
25,925,000 |
|
|
|
0.000 |
|
|
12/15/2036 |
|
16,653,442 |
|
|
|
42,640,000 |
|
|
|
0.000 |
|
|
12/15/2037 |
|
26,389,470 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2009 A (BBB/Baa1)(d) |
|
|
|
10,000,000 |
|
|
|
0.000 |
|
|
12/15/2038 |
|
5,956,700 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2011 B (BBB/Baa1) |
|
|
|
4,415,000 |
|
|
|
5.250 |
|
|
06/15/2036 |
|
4,498,973 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2019 A (BBB/Baa1) |
|
|
|
1,390,000 |
|
|
|
4.000 |
|
|
12/15/2039 |
|
1,563,653 |
|
|
|
1,620,000 |
|
|
|
5.000 |
|
|
12/15/2039 |
|
1,972,188 |
| New Jersey Transportation Trust Fund Authority RB Refunding for Federal Highway
Reimbursement Notes Series 2018 A (A+/Baa1) |
|
|
|
2,330,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
2,717,479 |
|
|
|
1,825,000 |
|
|
|
5.000 |
|
|
06/15/2031 |
|
2,117,931 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey Transportation Trust Fund Authority RB Refunding for Transportation
System Bonds Series 2018 A (BBB/Baa1) |
| $ |
|
|
2,905,000 |
|
|
|
4.000 |
% |
|
12/15/2031 |
|
$ 3,334,795 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/15/2032 |
|
2,457,400 |
|
|
|
3,345,000 |
|
|
|
5.000 |
|
|
12/15/2033 |
|
4,088,928 |
|
|
|
7,775,000 |
|
|
|
5.000 |
|
|
12/15/2034 |
|
9,490,165 |
|
|
|
2,770,000 |
|
|
|
5.000 |
|
|
12/15/2035 |
|
3,369,373 |
|
|
|
3,455,000 |
|
|
|
5.000 |
|
|
12/15/2036 |
|
4,181,137 |
|
|
|
2,410,000 |
|
|
|
4.250 |
|
|
12/15/2038 |
|
2,749,135 |
| New Jersey Transportation Trust Fund Authority Transportation Program RB Series
2014 BB-1 (BBB/Baa1) |
|
|
|
7,000,000 |
|
|
|
5.000 |
|
|
06/15/2029 |
|
8,753,710 |
|
|
|
6,155,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
7,654,112 |
|
|
|
2,215,000 |
|
|
|
5.000 |
|
|
06/15/2031 |
|
2,742,923 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
06/15/2032 |
|
3,696,570 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
06/15/2033 |
|
6,122,500 |
| New Jersey Transportation Trust Fund Authority Transportation Program RB Series
2019 AA (BBB/Baa1) |
|
|
|
3,060,000 |
|
|
|
5.000 |
|
|
06/15/2034 |
|
3,737,790 |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
06/15/2037 |
|
12,062,500 |
|
|
|
3,000,000 |
|
|
|
5.250 |
|
|
06/15/2043 |
|
3,616,260 |
|
|
|
10,000,000 |
|
|
|
4.500 |
|
|
06/15/2049 |
|
11,338,800 |
| New Jersey Transportation Trust Fund Authority Transportation Program RB Series
2019 BB (BBB/Baa1) |
|
|
|
16,590,000 |
|
|
|
4.000 |
|
|
06/15/2044 |
|
18,360,982 |
| New Jersey Transportation Trust Fund Authority Transportation RB Refunding Series
2018 A (BBB/Baa1) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/15/2028 |
|
2,509,720 |
| New Jersey Transportation Trust Fund Authority Transportation RB
Series 2009 A
(BBB/Baa1)(d) |
|
|
|
8,320,000 |
|
|
|
0.000 |
|
|
12/15/2032 |
|
6,168,781 |
| New Jersey Transportation Trust Fund Authority Transportation System RB Series 2006
A (AGM-CR) (AA/A2) |
|
|
|
3,195,000 |
|
|
|
5.500 |
|
|
12/15/2022 |
|
3,505,043 |
| South Jersey Port Corp. RB Refunding for Marine Terminal Series 2012 R (AMT)
(BB+/Baa1) |
|
|
|
1,670,000 |
|
|
|
4.000 |
|
|
01/01/2023 |
|
1,752,849 |
|
|
|
730,000 |
|
|
|
4.000 |
|
|
01/01/2024 |
|
765,230 |
| South Jersey Port Corp. Subordinated Marine Terminal RB Series 2017 B (AMT)
(NR/Baa1) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
1,147,460 |
| South Jersey Transportation Authority RB Refunding Series 2019 A (AGM)
(AA/A2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2029 |
|
1,309,730 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
11/01/2030 |
|
1,951,845 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2031 |
|
1,295,050 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2032 |
|
1,287,240 |
|
|
|
725,000 |
|
|
|
5.000 |
|
|
11/01/2033 |
|
929,305 |
| State of New Jersey COVID 19 Emergency GO Bonds Series 2020 A
(BBB+/A3) |
|
|
|
10,000,000 |
|
|
|
4.000 |
|
|
06/01/2031 |
|
12,366,200 |
|
|
|
3,215,000 |
|
|
|
4.000 |
|
|
06/01/2032 |
|
4,007,144 |
| The Camden County Improvement Authority RB Refunding for Rowan University
Foundation, Inc. Series 2020 A (BAM) (AA/A2) |
|
|
|
5,025,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
6,593,755 |
|
|
|
5,310,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
7,065,964 |
| Tobacco Settlement Financing Corp. RB Refunding Series 2018 A
(BBB+/NR) |
|
|
|
2,200,000 |
|
|
|
5.000 |
|
|
06/01/2046 |
|
2,640,418 |
|
|
|
2,250,000 |
|
|
|
5.250 |
|
|
06/01/2046 |
|
2,741,063 |
| Tobacco Settlement Financing Corp. RB Series 2018 B (BB+/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
06/01/2046 |
|
2,334,600 |
| Tobacco Settlement Financing Corp. RB Series 2018 B (BBB/NR) |
|
|
|
1,460,000 |
|
|
|
3.200 |
|
|
06/01/2027 |
|
1,500,486 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| Township of Rockaway GO Bonds Series 2017 (ST AID WITHHLDG) (NR/Aa1) |
| $ |
|
|
1,535,000 |
|
|
|
2.000 |
% |
|
07/15/2022 |
|
$ 1,578,318 |
| Union County Improvement Authority RB Aries Linden LLC Project Series 2019 (AMT)
(NR/NR)(f) |
|
|
|
6,455,000 |
|
|
|
6.750 |
|
|
12/01/2041 |
|
6,609,791 |
| Union County Utilities Authority RB Refunding for Covanta Union LLC Series 2011 A
(AMT) (AA+/NR) |
|
|
|
4,750,000 |
|
|
|
5.250 |
|
|
12/01/2031 |
|
4,942,090 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
503,809,649 |
| |
| New Mexico – 0.1% |
| Farmington City PCRB Refunding for Public Service Co. of New Mexico San Juan &
Four Corners Projects Series 2016 A
(BBB/Baa2)(b)(c) |
|
|
|
2,445,000 |
|
|
|
1.875 |
|
|
10/01/2021 |
|
2,469,034 |
| Farmington City PCRB Refunding for Public Servicing Co. of New Mexico San Juan
& Four Corners Projects Series 2016 B
(BBB/Baa2)(b)(c) |
|
|
|
4,250,000 |
|
|
|
1.875 |
|
|
10/01/2021 |
|
4,291,778 |
| Village of Los Ranchos de Albuquerque RB Refunding for Albuquerque Academy Series
2020 (A-/NR) |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
214,982 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
254,766 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
582,921 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
09/01/2031 |
|
386,649 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
448,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,648,417 |
| |
| New York – 7.8% |
|
|
| Brookhaven Local Development Corp. RB for Active Retirement Community, Inc.
Obligated Group Series 2020 B (BBB/NR) |
|
|
|
4,000,000 |
|
|
|
1.625 |
|
|
11/01/2025 |
|
4,056,800 |
| City of New Rochelle RB for Iona College Project Series 2015 A
(BBB/Baa2) |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
375,288 |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
384,399 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
485,269 |
| Dutchess County Local Development Corp. RB Refunding for Bard College Project
Series 2020 A (BB+/NR)(f) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
1,000,521 |
| Essex County Industrial Development Agency RB Refunding for International Paper Co.
Series 2019 A (AMT) (BBB/Baa2)(b)(c) |
|
|
|
500,000 |
|
|
|
2.100 |
|
|
10/01/2024 |
|
530,170 |
| Freddie Mac Multifamily ML Certificates RB Pass Through
Series 2017 A (AAA/Aaa)(e) |
|
|
|
(1 Mo. LIBOR + 0.50%), |
|
|
|
|
|
7,085,733 |
|
|
|
0.645 |
|
|
01/25/2033 |
|
7,089,298 |
| Long Island Power Authority RB Refunding Series 2014 C (A/A2)(b) |
|
|
|
(1 Mo. LIBOR + 0.75%), |
|
|
|
|
|
9,000,000 |
|
|
|
0.858 |
|
|
10/01/2023 |
|
9,009,990 |
| Long Island Power Authority RB Series 2019 B (A/A2)(b)(c) |
|
|
|
12,825,000 |
|
|
|
1.650 |
|
|
09/01/2024 |
|
13,326,457 |
| Metropolitan Transportation Authority RB Anticipation Notes
Series 2018 B
Subseries 2018 B-2B (SP-2/MIG2) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
05/15/2021 |
|
5,052,450 |
| Metropolitan Transportation Authority RB Anticipation Notes
Series 2019 B-1
(SP-2/MIG2) |
|
|
|
54,680,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
56,842,047 |
| Metropolitan Transportation Authority RB Anticipation Notes
Series 2020A-2S
(SP-2/MIG2) |
|
|
|
8,305,000 |
|
|
|
4.000 |
|
|
02/01/2022 |
|
8,472,927 |
| Metropolitan Transportation Authority RB Green Bond Series 2015 A-2 (A-/A3)(b)(c) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
3,032,650 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| Metropolitan Transportation Authority RB Green Bond Series 2016 A-1
(BBB+/A3) |
| $ |
|
|
625,000 |
|
|
|
5.000 |
% |
|
11/15/2027 |
|
$ 716,431 |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
972,035 |
| Metropolitan Transportation Authority RB Green Bond Series 2019 C (AGM-CR)
(AA/A2) |
|
|
|
7,365,000 |
|
|
|
5.000 |
|
|
11/15/2041 |
|
9,171,266 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 A-1 (AGM)
(AA/A2) |
|
|
|
4,380,000 |
|
|
|
4.000 |
|
|
11/15/2042 |
|
5,031,744 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 C-1
(BBB+/A3) |
|
|
|
5,175,000 |
|
|
|
4.750 |
|
|
11/15/2045 |
|
6,065,411 |
|
|
|
3,250,000 |
|
|
|
5.000 |
|
|
11/15/2050 |
|
3,870,490 |
|
|
|
1,800,000 |
|
|
|
5.250 |
|
|
11/15/2055 |
|
2,192,346 |
| Metropolitan Transportation Authority RB Refunding for Climate Bond Certified
Series 2020 E (BBB+/A3) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
3,615,270 |
|
|
|
3,450,000 |
|
|
|
5.000 |
|
|
11/15/2029 |
|
4,223,766 |
|
|
|
1,675,000 |
|
|
|
5.000 |
|
|
11/15/2030 |
|
2,083,633 |
| Metropolitan Transportation Authority RB Refunding Green Bond Series 2017 A-2
(BBB+/A3) |
|
|
|
1,340,000 |
|
|
|
5.000 |
|
|
11/15/2027 |
|
1,570,225 |
| Metropolitan Transportation Authority RB Refunding Green Bond
Series 2017 C-1
(BBB+/A3) |
|
|
|
2,465,000 |
|
|
|
4.000 |
|
|
11/15/2032 |
|
2,691,336 |
| Metropolitan Transportation Authority RB Refunding Series 2002 D-1
(BBB+/A3) |
|
|
|
4,545,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
4,800,247 |
| Metropolitan Transportation Authority RB Refunding Series 2012 D
(BBB+/A3) |
|
|
|
8,725,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
8,944,870 |
| Metropolitan Transportation Authority RB Refunding Series 2016 B
(BBB+/A3) |
|
|
|
520,000 |
|
|
|
5.000 |
|
|
11/15/2027 |
|
602,742 |
| Metropolitan Transportation Authority RB Refunding Series 2016 D
(BBB+/A3) |
|
|
|
735,000 |
|
|
|
5.000 |
|
|
11/15/2029 |
|
847,572 |
|
|
|
755,000 |
|
|
|
5.250 |
|
|
11/15/2031 |
|
880,051 |
| Metropolitan Transportation Authority RB Refunding Series 2017 D
(BBB+/A3) |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
11/15/2027 |
|
1,273,209 |
| Metropolitan Transportation Authority RB Refunding Subseries 2012 G-4
(BBB+/A3)(b) |
|
|
|
(1 Mo. LIBOR + 0.55%), |
|
|
|
|
|
7,510,000 |
|
|
|
0.654 |
|
|
11/01/2022 |
|
7,273,961 |
| Metropolitan Transportation Authority RB Refunding Subseries 2015 C-1
(BBB+/A3) |
|
|
|
4,250,000 |
|
|
|
5.250 |
|
|
11/15/2028 |
|
4,878,193 |
| Metropolitan Transportation Authority RB Series 2011 B (BBB+/A3)(b) |
|
|
|
(1 Mo. LIBOR + 0.55%), |
|
|
|
|
|
7,510,000 |
|
|
|
0.654 |
|
|
11/01/2022 |
|
7,273,961 |
| Metropolitan Transportation Authority RB Series 2013 B (BBB+/A3) |
|
|
|
2,530,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
2,667,455 |
| Metropolitan Transportation Authority RB Series 2016 C-1
(BBB+/A3) |
|
|
|
580,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
670,561 |
| Metropolitan Transportation Authority RB Series 2019 D-1 (SP-2/MIG2) |
|
|
|
10,600,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
11,107,316 |
| Metropolitan Transportation Authority RB Subseries 2015 A-1
(BBB+/A3) |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
533,363 |
| New York City GO Bonds Fiscal 2012 Series I (AA/Aa2)(g) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
3,215,280 |
| New York City GO Bonds Series 2018 E-1 (AA/Aa2) |
|
|
|
4,725,000 |
|
|
|
5.000 |
|
|
03/01/2044 |
|
5,790,866 |
| New York City GO Bonds Subseries 2014 I-2 (AA/Aa2)(b)(c) |
|
|
|
11,115,000 |
|
|
|
0.100 |
|
|
01/01/2021 |
|
11,115,000 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York City Housing Development Corp. Multi-Family RB for Sustainable
Neighborhood Series 2018 L-1 (AA+/Aa2)(b)(c) |
| $ |
|
|
3,500,000 |
|
|
|
2.750 |
% |
|
12/29/2023 |
|
$ 3,643,710 |
| New York City Industrial Development Agency RB for Churchill School & Center
for Learning Disabilities, Inc. Series 1999 (ASSURED GTY) (AA/NR) |
|
|
|
1,345,000 |
|
|
|
2.250 |
|
|
10/01/2029 |
|
1,386,910 |
| New York City Industrial Development Agency RB Refunding for Yankee Stadium LLC
Series 2020 A (AGM) (AA/A2) |
|
|
|
1,875,000 |
|
|
|
4.000 |
|
|
03/01/2045 |
|
2,192,756 |
| New York City Industrial Development Agency RB Refunding for Yankee Stadium LLC
Series 2020 A (BBB+/Baa1) |
|
|
|
2,125,000 |
|
|
|
4.000 |
|
|
03/01/2045 |
|
2,448,935 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2015 B-1 (AAA/Aa1) |
|
|
|
5,655,000 |
|
|
|
5.000 |
|
|
08/01/2039 |
|
6,488,490 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2019 C-2 (AAA/Aa1) |
|
|
|
15,685,000 |
|
|
|
2.570 |
|
|
11/01/2023 |
|
16,567,281 |
|
|
|
17,020,000 |
|
|
|
2.640 |
|
|
11/01/2024 |
|
18,296,500 |
|
|
|
11,900,000 |
|
|
|
2.740 |
|
|
11/01/2025 |
|
13,020,028 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2019 C-4 (AAA/Aa1)(b)(c) |
|
|
|
50,500,000 |
|
|
|
0.080 |
|
|
01/02/2021 |
|
50,500,000 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2020 Subseries A-3 (AAA/Aa1) |
|
|
|
10,000,000 |
|
|
|
4.000 |
|
|
05/01/2044 |
|
11,649,400 |
| New York City Water & Sewer System RB Refunding Series 2020 FF
(AA+/Aa1) |
|
|
|
5,645,000 |
|
|
|
4.000 |
|
|
06/15/2041 |
|
6,837,055 |
| New York Convention Center Development Corp. RB Refunding
Series 2015
(NR/A1) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
11/15/2030 |
|
1,512,745 |
| New York Counties Tobacco Trust IV RB Series 2005 F (NR/NR)(d) |
|
|
|
143,440,000 |
|
|
|
0.000 |
|
|
06/01/2060 |
|
5,931,244 |
| New York Housing Development Corp. Multi-Family Mortgage RB for 8 Spruce Street
Series 2014 Class E (BBB-/NR) |
|
|
|
4,840,000 |
|
|
|
3.500 |
|
|
02/15/2048 |
|
4,999,817 |
| New York Liberty Development Corp. RB Refunding for 3 World Trade Center LLC Series
2014 (NR/NR)(f) |
|
|
|
7,455,000 |
|
|
|
5.000 |
|
|
11/15/2044 |
|
8,028,364 |
| New York Liberty Development Corp. Second Priority RB Refunding for Bank of America
Tower at One Bryant Park LLC Series 2019 C-2 (NR/A2)(b) |
|
|
|
855,000 |
|
|
|
2.625 |
|
|
09/15/2069 |
|
886,028 |
| New York Liberty Development Corp. Second Priority RB Refunding for Bank of America
Tower at One Bryant Park LLC Series 2019 C-3 (NR/Baa2)(b) |
|
|
|
1,070,000 |
|
|
|
2.800 |
|
|
09/15/2069 |
|
1,044,502 |
| New York State Dormitory Authority Columbia University RB
Series 2011 A
(AAA/Aaa) |
|
|
|
12,125,000 |
|
|
|
5.000 |
|
|
10/01/2041 |
|
12,253,525 |
| New York State Dormitory Authority General Purpose Personal Income Tax RB Series
2016 A (AA+/Aa2) |
|
|
|
1,435,000 |
|
|
|
5.000 |
|
|
02/15/2027 |
|
1,795,687 |
| New York State Dormitory Authority General Purpose Personal Income Tax RB Series
2016 D (AA+/Aa2) |
|
|
|
6,235,000 |
|
|
|
5.000 |
|
|
02/15/2027 |
|
7,802,167 |
| New York State Dormitory Authority RB for Northwell Health Obligated Group Series
2019 B-1 (A-/A3)(b)(c) |
|
|
|
9,620,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
9,987,676 |
| New York State Dormitory Authority RB for Northwell Health Obligated Group Series
2019 B-2 (A-/A3)(b)(c) |
|
|
|
5,770,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
6,493,847 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York State Dormitory Authority RB Refunding for Bidding Group 1 Series 2018 C
(AA+/Aa2) |
| $ |
|
|
5,275,000 |
|
|
|
5.000 |
% |
|
03/15/2026 |
|
$ 6,540,631 |
| New York State Dormitory Authority RB Refunding for Brooklyn Law School Series 2019
A (NR/Baa1) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
1,649,802 |
| New York State Dormitory Authority RB Refunding for Brooklyn Law School Series 2019
B (NR/Baa1) |
|
|
|
100,000 |
|
|
|
3.560 |
|
|
07/01/2026 |
|
102,712 |
|
|
|
100,000 |
|
|
|
3.670 |
|
|
07/01/2027 |
|
102,989 |
|
|
|
40,000 |
|
|
|
3.760 |
|
|
07/01/2028 |
|
41,142 |
|
|
|
200,000 |
|
|
|
3.820 |
|
|
07/01/2029 |
|
206,342 |
| New York State Dormitory Authority RB Refunding for Brooklyn St. Joseph’s
College Series 2020 A (BBB-/NR) |
|
|
|
1,070,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
1,273,033 |
|
|
|
1,130,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
1,362,938 |
|
|
|
1,185,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
1,444,740 |
|
|
|
745,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
914,882 |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
07/01/2031 |
|
111,438 |
| New York State Dormitory Authority RB Refunding for Catholic Health System
Obligated Group Series 2019 A (BBB/Baa2) |
|
|
|
540,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
673,941 |
|
|
|
465,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
576,047 |
|
|
|
1,005,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
1,237,698 |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
540,118 |
|
|
|
545,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
615,005 |
|
|
|
590,000 |
|
|
|
5.000 |
|
|
07/01/2041 |
|
712,425 |
|
|
|
2,315,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
2,544,347 |
| New York State Dormitory Authority RB Refunding for Montefiore Obligated Group
Series 2020 A (BBB/Baa3) |
|
|
|
530,000 |
|
|
|
4.000 |
|
|
09/01/2036 |
|
595,524 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
09/01/2037 |
|
560,095 |
|
|
|
575,000 |
|
|
|
4.000 |
|
|
09/01/2038 |
|
642,304 |
|
|
|
615,000 |
|
|
|
4.000 |
|
|
09/01/2039 |
|
685,424 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
833,752 |
| New York State Dormitory Authority RB Refunding for Northwell Health Obligated
Group Series 2019 A (A-/A3) |
|
|
|
1,080,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
1,140,264 |
|
|
|
1,005,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
1,111,620 |
| New York State Dormitory Authority RB Refunding Series 2018 C (ETM) (NR/NR)(g) |
|
|
|
5,000 |
|
|
|
5.000 |
|
|
03/15/2024 |
|
5,759 |
| New York State Dormitory Authority RB Series 2020 B (AA-/Aa2) |
|
|
|
1,100,000 |
|
|
|
3.000 |
|
|
04/01/2042 |
|
1,167,199 |
|
|
|
1,550,000 |
|
|
|
3.000 |
|
|
04/01/2048 |
|
1,623,951 |
| New York State Dormitory Authority State Personal Income Tax RB Federally Taxable
Build America Bonds Series 2010 D (AA+/Aa2) |
|
|
|
425,000 |
|
|
|
4.900 |
|
|
03/15/2023 |
|
466,314 |
| New York State Energy Research & Development Authority RB Refunding for Central
Hudson Gas & Electric Corp. Projects
Series 1999 B (AMT) (AMBAC) (A-/A3)(c) |
|
|
|
5,350,000 |
|
|
|
0.158 |
|
|
01/15/2021 |
|
5,350,000 |
| New York State Environmental Facilities Corp. RB for Casella Waste Systems, Inc.
Series 2014 (AMT) (B/B2)(b)(c)(f) |
|
|
|
1,440,000 |
|
|
|
2.875 |
|
|
12/03/2029 |
|
1,478,232 |
| New York State Environmental Facilities Corp. RB for Casella Waste Systems, Inc.
Series 2020 R-1 (AMT) (B/B2)(b)(c) |
|
|
|
750,000 |
|
|
|
2.750 |
|
|
09/02/2025 |
|
775,575 |
| New York State Urban Development Corp. General Purpose Personal Income Tax RB
Series 2014 A (AA+/Aa2) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
03/15/2031 |
|
5,698,050 |
| New York State Urban Development Corp. RB for State of New York Personal Income Tax
Revenue Series 2020 A (AA+/Aa2) |
|
|
|
10,670,000 |
|
|
|
5.000 |
|
|
03/15/2041 |
|
13,935,660 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York State Urban Development Corp. Taxable Refunding RB Series 2017 B
(AA+/Aa2) |
| $ |
|
|
16,750,000 |
|
|
|
2.860 |
% |
|
03/15/2024 |
|
$ 17,885,148 |
| New York State Urban Development Corp. Taxable Refunding RB Series 2017 D-1
(AA+/Aa2) |
|
|
|
11,875,000 |
|
|
|
2.980 |
|
|
03/15/2025 |
|
12,942,681 |
| New York Transportation Development Corp. RB for Delta Air Lines, Inc. Series 2018
(AMT) (BB+/Baa3) |
|
|
|
9,545,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
10,216,682 |
|
|
|
1,850,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
2,196,227 |
|
|
|
1,170,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
1,411,792 |
|
|
|
8,150,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
9,600,130 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
5,871,450 |
|
|
|
14,460,000 |
|
|
|
4.000 |
|
|
01/01/2036 |
|
15,819,963 |
| New York Transportation Development Corp. RB for Delta Air Lines, Inc. Series 2020
(AMT) (BB+/Baa3) |
|
|
|
2,450,000 |
|
|
|
4.000 |
|
|
10/01/2030 |
|
2,802,114 |
|
|
|
4,795,000 |
|
|
|
5.000 |
|
|
10/01/2035 |
|
5,899,864 |
|
|
|
2,250,000 |
|
|
|
5.000 |
|
|
10/01/2040 |
|
2,750,895 |
|
|
|
6,205,000 |
|
|
|
4.375 |
|
|
10/01/2045 |
|
7,123,960 |
| New York Transportation Development Corp. RB for Laguardia Gateway Partners LLC
Series 2016 A (AMT) (AGM-CR) (AA/A2) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
07/01/2046 |
|
1,580,265 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 A (AMT) (BBB/Baa1) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
615,080 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
623,540 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
632,750 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 C (BBB/Baa1) |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
1,436,074 |
|
|
|
970,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
1,232,715 |
|
|
|
1,105,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
1,425,737 |
|
|
|
885,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
1,159,686 |
|
|
|
1,060,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
1,380,587 |
|
|
|
1,235,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
1,597,645 |
|
|
|
1,370,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
1,765,889 |
|
|
|
1,920,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
2,470,253 |
|
|
|
1,680,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
2,160,950 |
|
|
|
1,745,000 |
|
|
|
5.000 |
|
|
12/01/2036 |
|
2,237,963 |
|
|
|
2,055,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
2,629,742 |
|
|
|
1,920,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
2,453,779 |
| New York Transportation Development Corp. Special Facility RB for Laguardia Airport
Terminal B Redevelopment Project Series 2016 A (AMT) (BBB/Baa3) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2041 |
|
767,557 |
|
|
|
16,375,000 |
|
|
|
5.250 |
|
|
01/01/2050 |
|
18,011,354 |
| New York Transportation Development Corp. Special Facility RB Refunding for
American Airlines, Inc. John F. Kennedy International Airport Project Series 2016 (AMT) (B-/NR) |
|
|
|
3,640,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
3,702,390 |
|
|
|
2,390,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
2,428,909 |
|
|
|
2,250,000 |
|
|
|
5.000 |
|
|
08/01/2031 |
|
2,282,670 |
| New York Transportation Development Corp. Special Facility RB Refunding for
American Airlines, Inc. John F. Kennedy International Airport Project Series 2020 (AMT) (B-/NR) |
|
|
|
6,300,000 |
|
|
|
5.250 |
|
|
08/01/2031 |
|
7,113,456 |
|
|
|
5,675,000 |
|
|
|
5.375 |
|
|
08/01/2036 |
|
6,440,104 |
| New York Transportation Development Corp. Special Facility RB Refunding for
Laguardia Airport Terminal B Redevelopment Project Series 2016 A (AMT) (BBB/Baa3) |
|
|
|
2,075,000 |
|
|
|
5.000 |
|
|
07/01/2046 |
|
2,268,930 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| Oneida County Local Development Corp. RB Refunding for Mohawk Valley Health System
Obligated Group Project Series 2019 A (AGM) (AA/NR) |
| $ |
|
|
420,000 |
|
|
|
4.000 |
% |
|
12/01/2032 |
|
$ 500,779 |
|
|
|
505,000 |
|
|
|
4.000 |
|
|
12/01/2033 |
|
598,703 |
|
|
|
420,000 |
|
|
|
4.000 |
|
|
12/01/2034 |
|
497,070 |
|
|
|
420,000 |
|
|
|
4.000 |
|
|
12/01/2035 |
|
495,440 |
|
|
|
525,000 |
|
|
|
4.000 |
|
|
12/01/2036 |
|
617,116 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
12/01/2037 |
|
498,159 |
|
|
|
420,000 |
|
|
|
4.000 |
|
|
12/01/2038 |
|
490,946 |
|
|
|
1,260,000 |
|
|
|
3.000 |
|
|
12/01/2039 |
|
1,355,546 |
|
|
|
840,000 |
|
|
|
3.000 |
|
|
12/01/2040 |
|
901,169 |
|
|
|
1,680,000 |
|
|
|
4.000 |
|
|
12/01/2049 |
|
1,915,486 |
| Oneida County Local Development Corp. RB Refunding for Utica College Project Series
2019 (BBB-/NR) |
|
|
|
345,000 |
|
|
|
4.000 |
|
|
07/01/2039 |
|
356,996 |
|
|
|
4,225,000 |
|
|
|
3.000 |
|
|
07/01/2044 |
|
3,721,549 |
| Port Authority of New York & New Jersey Consolidated RB Refunding Series 186
(AMT) (A+/Aa3) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
10/15/2044 |
|
11,301,100 |
| Port Authority of New York & New Jersey Consolidated RB Series 214 (AMT)
(A+/Aa3) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
09/01/2033 |
|
3,212,750 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
2,562,600 |
| Port Authority of New York & New Jersey Consolidated RB Series 221 (AMT)
(A+/Aa3) |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
07/15/2045 |
|
2,326,880 |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
07/15/2050 |
|
1,731,525 |
| Troy City Capital Resource Corp. RB Refunding Rensselaer Polytechnic Institute
Project Series 2020 A (BBB+/A3) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
743,784 |
|
|
|
820,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
1,014,151 |
|
|
|
805,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
906,527 |
| Westchester County Local Development Corporation RB for Westchester Medical Center
Obligated Group Project Series 2016 (BBB-/Baa2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
1,103,460 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
1,138,780 |
| Yonkers Economic Development Corp. RB for Charter School of Educational Excellence
Project Series 2019 A (NR/NR) |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
10/15/2029 |
|
216,676 |
| Yonkers Economic Development Corp. RB Refunding for Charter School of Educational
Excellence Series 2020 A (BB/NR) |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
10/15/2030 |
|
331,677 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
675,701,286 |
| |
| North Carolina – 0.9% |
| Columbus County Industrial Facilities and Pollution Control Financing Authority RB
Refunding for International Paper Co. Series 2019 A (BBB/Baa2)(b)(c) |
|
|
|
375,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
396,240 |
| Columbus County Industrial Facilities and Pollution Control Financing Authority RB
Refunding for International Paper Co. Series 2019 B (BBB/Baa2)(b)(c) |
|
|
|
400,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
422,656 |
| Columbus County Industrial Facilities and Pollution Control Financing Authority RB
Refunding for International Paper Co. Series 2019 C (AMT) (BBB/Baa2)(b)(c) |
|
|
|
1,750,000 |
|
|
|
2.100 |
|
|
10/01/2024 |
|
1,855,595 |
| County of Mecklenburg GO Bonds for Public Improvement Series 2018
(AAA/Aaa) |
|
|
|
5,250,000 |
|
|
|
5.000 |
|
|
03/01/2029 |
|
6,887,738 |
| North Carolina Capital Facilities Finance Agency RB for Duke University Project
Series 2014 A (AA+/Aa1)(g) |
|
|
|
38,115,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
40,377,506 |
| North Carolina Department of Transportation RB for I-77 Mobility Partners LLC
Series 2015 (AMT) (BBB-/NR) |
|
|
|
1,310,000 |
|
|
|
5.000 |
|
|
12/31/2037 |
|
1,423,590 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| North Carolina – (continued) |
| North Carolina Medical Care Commission RB for Maryfield, Inc. Obligated Group
Series 2020 A (NR/NR) |
| $ |
|
|
500,000 |
|
|
|
5.000 |
% |
|
10/01/2040 |
|
$ 558,775 |
| North Carolina Medical Care Commission RB for Rex Hospital, Inc. Obligated Group
Series 2020 A (AA-/A2) |
|
|
|
5,995,000 |
|
|
|
3.000 |
|
|
07/01/2045 |
|
6,340,492 |
| North Carolina Medical Care Commission RB Refunding for The Presbyterian Home at
Charlotte, Inc. Series 2019 A (NR/NR) |
|
|
|
590,000 |
|
|
|
3.000 |
|
|
07/01/2026 |
|
595,965 |
|
|
|
1,785,000 |
|
|
|
3.000 |
|
|
07/01/2027 |
|
1,799,709 |
|
|
|
1,040,000 |
|
|
|
4.000 |
|
|
07/01/2030 |
|
1,113,403 |
|
|
|
1,080,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
1,211,965 |
|
|
|
1,110,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
1,241,413 |
|
|
|
1,375,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
1,528,890 |
| North Carolina Medical Care Commission Retirement Facilities RB Refunding First
Mortgage for United Church Homes and Services Series 2015 A (NR/NR) |
|
|
|
620,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
622,641 |
| North Carolina Turnpike Authority RB Senior Lien for Triangle Expressway Series
2019 (AGM) (AA/NR) |
|
|
|
3,000,000 |
|
|
|
3.000 |
|
|
01/01/2042 |
|
3,222,810 |
| North Carolina Turnpike Authority RB Senior Lien for Triangle Expressway Series
2019 (BBB/NR) |
|
|
|
4,500,000 |
|
|
|
5.000 |
|
|
01/01/2043 |
|
5,556,465 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2044 |
|
6,164,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81,320,453 |
| |
| Ohio – 2.2% |
| American Municipal Power, Inc. RB for Hydroelectric Projects
Series 2010 C
(A/A2) |
|
|
|
2,290,000 |
|
|
|
6.973 |
|
|
02/15/2024 |
|
2,652,438 |
| American Municipal Power, Inc. RB Refunding for Combined Hydroelectric Project
Series 2020 A (A/A2) |
|
|
|
1,585,000 |
|
|
|
5.000 |
|
|
02/15/2028 |
|
2,047,678 |
|
|
|
1,235,000 |
|
|
|
5.000 |
|
|
02/15/2029 |
|
1,628,582 |
| American Municipal Power, Inc. RB Refunding for Prairie State Energy Campus Project
Series 2019 B (A/A1) |
|
|
|
6,090,000 |
|
|
|
5.000 |
|
|
02/15/2025 |
|
7,224,993 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (A-/NR) |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
06/01/2034 |
|
586,582 |
|
|
|
690,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
838,578 |
|
|
|
920,000 |
|
|
|
4.000 |
|
|
06/01/2038 |
|
1,113,044 |
|
|
|
895,000 |
|
|
|
4.000 |
|
|
06/01/2039 |
|
1,079,289 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (BBB+/NR) |
|
|
|
5,070,000 |
|
|
|
3.000 |
|
|
06/01/2048 |
|
5,233,913 |
|
|
|
3,835,000 |
|
|
|
4.000 |
|
|
06/01/2048 |
|
4,366,109 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (NR/NR) |
|
|
|
33,175,000 |
|
|
|
5.000 |
|
|
06/01/2055 |
|
37,530,546 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 B-3 Class 2 (NR/NR)(d) |
|
|
|
35,885,000 |
|
|
|
0.000 |
|
|
06/01/2057 |
|
5,463,132 |
| Centerville Ohio Health Care RB Refunding and Improvement for Graceworks Lutheran
Services Series 2017 (NR/NR) |
|
|
|
285,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
289,605 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
413,564 |
|
|
|
420,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
441,038 |
| City of Cleveland RB Refunding for Airport System Series 2019 A
(A-/A2) |
|
|
|
12,500,000 |
|
|
|
2.592 |
|
|
01/01/2026 |
|
12,915,375 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Ohio – (continued) |
| City of Cleveland RB Refunding for Airport System Series 2019 B (AMT)
(A-/A2) |
| $ |
|
|
1,000,000 |
|
|
|
5.000 |
% |
|
01/01/2021 |
|
$ 1,000,000 |
|
|
|
805,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
835,872 |
|
|
|
1,235,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
1,333,318 |
|
|
|
1,365,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
1,525,374 |
| County of Darke RB for Wayne Hospital Company Obligated Group Wayne Health Care
Project Series 2019 A (BB+/NR) |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
422,156 |
|
|
|
625,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
650,381 |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
918,153 |
| County of Franklin RB Refunding for Wesley Communities Obligated Group Series 2020
(NR/NR) |
|
|
|
2,480,000 |
|
|
|
5.250 |
|
|
11/15/2040 |
|
2,789,826 |
| County of Miami Ohio Hospital Facilities Improvement RB Kettering Health Network
Series 2019 (A+/A2) |
|
|
|
5,625,000 |
|
|
|
5.000 |
|
|
08/01/2049 |
|
6,823,969 |
| Cuyahoga County Ohio Hospital RB Refunding for Metrohealth System Series 2009 B
(BBB-/Baa3) |
|
|
|
10,000,000 |
|
|
|
8.223 |
|
|
02/15/2040 |
|
13,480,700 |
| Cuyahoga County Ohio Hospital RB Refunding for Metrohealth System Series 2017
(BBB-/Baa3) |
|
|
|
2,865,000 |
|
|
|
5.500 |
|
|
02/15/2057 |
|
3,383,995 |
| Evans Farm New Community Authority Special Assessment Bonds
Series 2020
(NR/NR) |
|
|
|
2,000,000 |
|
|
|
3.750 |
|
|
12/01/2038 |
|
2,004,180 |
| Franklin County Convention Facilities Authority RB for Greater Columbus Convention
Center Project Series 2019 (BBB-/NR) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
260,278 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
339,323 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
340,012 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
444,082 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
419,764 |
|
|
|
680,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
713,388 |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
840,208 |
|
|
|
660,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
693,013 |
|
|
|
1,170,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
1,228,126 |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
1,261,812 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
682,831 |
|
|
|
1,630,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
1,712,804 |
| Kent State University Taxable Refunding RB Series 2020 B
(A+/Aa3) |
|
|
|
1,500,000 |
|
|
|
2.321 |
|
|
05/01/2027 |
|
1,612,245 |
|
|
|
1,500,000 |
|
|
|
2.447 |
|
|
05/01/2028 |
|
1,600,650 |
| Lakewood City School District GO Refunding Bonds Series 2014 C
(AA/Aa2) |
|
|
|
3,215,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
3,794,504 |
| Miami University RB Refunding Series 2011 (AA/Aa3) |
|
|
|
2,550,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
2,624,307 |
| Ohio Air Quality Development Authority Exempt Facilities RB for Pratt Paper LLC
Project Series 2017 (AMT) (NR/NR)(f) |
|
|
|
700,000 |
|
|
|
4.500 |
|
|
01/15/2048 |
|
778,267 |
| Ohio Air Quality Development Authority RB for Ohio Valley Electric Corp. Series
2009 A (BBB-/Ba1) |
|
|
|
925,000 |
|
|
|
2.875 |
|
|
02/01/2026 |
|
968,068 |
| Ohio Air Quality Development Authority RB for Ohio Valley Electric Corp. Series
2009 D (BBB-/Ba1) |
|
|
|
2,305,000 |
|
|
|
2.875 |
|
|
02/01/2026 |
|
2,412,321 |
| Ohio Air Quality Development Authority RB Refunding for American Electric Power
Co., Inc. Series 2014 A (BBB+/Baa2)(b)(c) |
|
|
|
2,500,000 |
|
|
|
2.400 |
|
|
10/01/2029 |
|
2,649,275 |
| Ohio Air Quality Development Authority RB Refunding for American Electric Power
Co., Inc. Series 2014 B (AMT) (BBB+/Baa2)(b)(c) |
|
|
|
3,500,000 |
|
|
|
2.600 |
|
|
10/01/2029 |
|
3,712,695 |
| Ohio Air Quality Development Authority RB Refunding for American Electric Power
Co., Inc. Series 2014 C (AMT) (BBB+/NR)(b)(c) |
|
|
|
8,000,000 |
|
|
|
2.100 |
|
|
10/01/2024 |
|
8,388,000 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Ohio – (continued) |
| Ohio Air Quality Development Authority RB Refunding for Ohio Valley Electric Corp.
Series 2019 A (BBB-/Ba1) |
| $ |
|
|
3,130,000 |
|
|
|
3.250 |
% |
|
09/01/2029 |
|
$ 3,405,847 |
| Ohio Higher Educational Facility Commission RB Refunding for Judson Obligated Group
Series 2020 A (BBB-/NR) |
|
|
|
1,260,000 |
|
|
|
5.000 |
|
|
12/01/2042 |
|
1,398,902 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
12/01/2045 |
|
1,381,388 |
| Ohio Higher Educational Facility Commission RB Refunding for Xavier University
Series 2020 (A/A3) |
|
|
|
680,000 |
|
|
|
5.000 |
|
|
05/01/2027 |
|
847,341 |
|
|
|
1,535,000 |
|
|
|
5.000 |
|
|
05/01/2028 |
|
1,948,345 |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
05/01/2029 |
|
1,388,212 |
|
|
|
2,270,000 |
|
|
|
5.000 |
|
|
05/01/2030 |
|
2,978,649 |
|
|
|
1,260,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
1,633,729 |
|
|
|
1,045,000 |
|
|
|
5.000 |
|
|
05/01/2034 |
|
1,340,860 |
|
|
|
695,000 |
|
|
|
4.000 |
|
|
05/01/2037 |
|
813,358 |
|
|
|
1,115,000 |
|
|
|
4.000 |
|
|
05/01/2038 |
|
1,300,112 |
| Ohio State Hospital RB Refunding for Aultman Health Foundation Obligated Group
Series 2018 (NR/NR)(f) |
|
|
|
925,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
1,023,336 |
|
|
|
1,795,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
1,956,640 |
|
|
|
2,725,000 |
|
|
|
5.000 |
|
|
12/01/2048 |
|
2,914,742 |
| Ohio State Water Development Authority RB for Waste Management, Inc. Project Series
2002 (A-/NR) |
|
|
|
2,800,000 |
|
|
|
3.250 |
|
|
11/01/2022 |
|
2,941,064 |
| Southern Ohio Port Authority RB for PureCycle Ohio LLC
Series 2020 A (AMT)
(NR/NR)(f) |
|
|
|
4,375,000 |
|
|
|
7.000 |
|
|
12/01/2042 |
|
4,624,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
188,365,088 |
| |
| Oklahoma – 0.3% |
| Cleveland County Educational Facilities Authority RB for Norman Public Schools
Project Series 2019 (A+/NR) |
|
|
|
4,250,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
4,850,908 |
| Norman Regional Hospital Authority RB Norman Regional Hospital Authority Obligated
Group Series 2019 (A-/Baa1) |
|
|
|
925,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
1,020,793 |
|
|
|
840,000 |
|
|
|
5.000 |
|
|
09/01/2045 |
|
1,005,925 |
| Oklahoma Development Finance Authority Health System RB for OU Medicine Project
Series 2018 B (AGM) (AA/A2) |
|
|
|
3,670,000 |
|
|
|
4.000 |
|
|
08/15/2048 |
|
4,127,979 |
| Oklahoma Development Finance Authority Health System RB for OU Medicine Project
Series 2018 B (BB+/Baa3) |
|
|
|
2,150,000 |
|
|
|
5.000 |
|
|
08/15/2029 |
|
2,638,136 |
|
|
|
5,000,000 |
|
|
|
5.250 |
|
|
08/15/2048 |
|
5,936,300 |
| Oklahoma Turnpike Authority RB Second Senior Series 2017 C (AA-/Aa3) |
|
|
|
1,400,000 |
|
|
|
4.000 |
|
|
01/01/2042 |
|
1,596,364 |
| Tulsa Municipal Airport Trust RB Refunding for American Airlines, Inc. Series 2015
(AMT) (B-/NR)(b)(c) |
|
|
|
3,285,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
3,506,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,682,978 |
| |
| Oregon – 0.9% |
| Benton & Linn Counties Consolidated School District No. 509J & 509A
Corvallis GO Refunding Bonds Series 2018 A (SCH BD GTY) (AA+/Aa1) |
|
|
|
3,790,000 |
|
|
|
5.000 |
|
|
06/15/2026 |
|
4,746,786 |
| Clackamas County Hospital Facility Authority RB Refunding for Rose Villa, Inc.
Obligated Group Series 2020 A (NR/NR) |
|
|
|
240,000 |
|
|
|
5.125 |
|
|
11/15/2040 |
|
258,669 |
|
|
|
120,000 |
|
|
|
5.250 |
|
|
11/15/2050 |
|
128,555 |
| Forest Grove Oregon Student Housing RB Refunding for Oak Tree Foundation Project
Series 2017 (BBB-/NR) |
|
|
|
1,385,000 |
|
|
|
3.500 |
|
|
03/01/2029 |
|
1,336,220 |
|
|
|
1,540,000 |
|
|
|
3.750 |
|
|
03/01/2032 |
|
1,472,086 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Oregon – (continued) |
| Medford Hospital Facilities Authority RB Refunding for Asante Health System
Obligated Group Series 2020 A (A+/NR) |
| $ |
|
|
500,000 |
|
|
|
5.000 |
% |
|
08/15/2025 |
|
$ 603,675 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
08/15/2026 |
|
372,585 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
08/15/2027 |
|
508,008 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/15/2028 |
|
647,775 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/15/2029 |
|
660,025 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
08/15/2030 |
|
808,230 |
|
|
|
1,775,000 |
|
|
|
5.000 |
|
|
08/15/2045 |
|
2,270,385 |
| Medford Hospital Facilities Authority RB Refunding for Asante Health System
Obligated Group Series 2020 A (AGM) (AA/NR) |
|
|
|
4,725,000 |
|
|
|
4.000 |
|
|
08/15/2045 |
|
5,610,512 |
| Multnomah County Oregon Hospital Facilities Authority RB Refunding for Adventist
Health System & West Obligated Group Series 2019 (A/NR)(b)(c) |
|
|
|
7,715,000 |
|
|
|
5.000 |
|
|
03/01/2025 |
|
8,889,995 |
| Oregon State Business Development Commission RB for Intel Corp. Project Series 2019
250 (AMT) (A+/A1)(b)(c) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
03/01/2022 |
|
10,513,000 |
| Oregon State Facilities Authority RB Refunding for Reed College Project Series 2017
A (AA-/Aa2) |
|
|
|
8,895,000 |
|
|
|
5.000 |
|
|
07/01/2047 |
|
10,776,737 |
| Oregon State Facilities Authority RB Refunding for Samaritan Health Services, Inc.
Obligated Group Series 2020 A (BBB+/NR) |
|
|
|
270,000 |
|
|
|
5.000 |
|
|
10/01/2028 |
|
346,847 |
|
|
|
525,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
686,585 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
10/01/2035 |
|
287,669 |
| Port of Portland RB for International Airport Series 2019 25-B (AMT)
(A+/NR) |
|
|
|
2,665,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
3,383,591 |
|
|
|
2,365,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
2,988,059 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
1,260,210 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
1,257,280 |
| Portland Oregon Community College District GO Bonds Series 2013 (AA+/Aa1)(g) |
|
|
|
2,050,000 |
|
|
|
5.000 |
|
|
06/15/2023 |
|
2,291,429 |
| Portland Oregon Water System RB Refunding First Lien Series 2016 A
(NR/Aa1) |
|
|
|
7,090,000 |
|
|
|
4.000 |
|
|
04/01/2029 |
|
8,268,854 |
| Portland Oregon Water System RB Refunding Second Lien Series 2020 A
(NR/Aa2) |
|
|
|
2,355,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
2,935,413 |
| Warm Springs Reservation Confederated Tribe Hydroelectric RB Refunding for
Pelton-Round Butte Project Series 2019 B (NR/A3)(f) |
|
|
|
190,000 |
|
|
|
5.000 |
|
|
11/01/2034 |
|
233,782 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
11/01/2036 |
|
609,765 |
| Washington County School District No. 1 GO Bonds Series 2017 (SCH BD GTY)
(NR/Aa1) |
|
|
|
4,155,000 |
|
|
|
5.000 |
|
|
06/15/2029 |
|
5,300,492 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
79,453,219 |
| |
| Pennsylvania – 3.8% |
| Allegheny County Hospital Development Authority RB Refunding for Allegheny Health
Network Obligated Group Series 2018 A (A/NR) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
5,004,000 |
|
|
|
18,400,000 |
|
|
|
4.000 |
|
|
04/01/2044 |
|
20,528,328 |
| Allegheny County Hospital Development Authority RB Refunding for UPMC Obligated
Group Series 2019 A (A/A2) |
|
|
|
3,050,000 |
|
|
|
4.000 |
|
|
07/15/2035 |
|
3,591,375 |
|
|
|
3,180,000 |
|
|
|
4.000 |
|
|
07/15/2036 |
|
3,731,889 |
| Allegheny County Industrial Development Authority RB Refunding for United States
Steel Corp. Project Series 2019 (B-/Caa2) |
|
|
|
1,850,000 |
|
|
|
4.875 |
|
|
11/01/2024 |
|
1,860,434 |
|
|
|
1,350,000 |
|
|
|
5.125 |
|
|
05/01/2030 |
|
1,343,506 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Allentown Neighborhood Improvement Zone Development Authority Tax RB for City
Center Refunding Project Series 2017 (NR/Ba3)(f) |
| $ |
|
|
2,420,000 |
|
|
|
5.000 |
% |
|
05/01/2027 |
|
$ 2,768,649 |
|
|
|
1,600,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
1,754,000 |
| Allentown Neighborhood Improvement Zone Development Authority Tax RB for City
Center Refunding Project Series 2018 (NR/Ba3)(f) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
635,538 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
05/01/2028 |
|
859,057 |
| Bucks County Industrial Development Authority RB Refunding for Pennswood Village
Obligated Group Series 2018 A (BBB+/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
10/01/2031 |
|
110,571 |
|
|
|
390,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
429,456 |
|
|
|
410,000 |
|
|
|
5.000 |
|
|
10/01/2033 |
|
449,938 |
| City of Philadelphia Airport RB Refunding Series 2020 C (AMT) (A/A2) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
1,619,738 |
| Coatesville School District GO Refunding Bonds Series 2017 (AGM) (ST AID WITHHLDG)
(AA/A2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
1,192,140 |
| Commonwealth Financing Authority Taxable RB Series 2005 A (NATL-RE)
(A/A1) |
|
|
|
540,000 |
|
|
|
5.380 |
|
|
06/01/2021 |
|
549,909 |
| Commonwealth Financing Authority Taxable RB Series 2006 C (AGM)
(AA/A1) |
|
|
|
2,305,000 |
|
|
|
5.114 |
|
|
06/01/2021 |
|
2,345,775 |
| Commonwealth Financing Authority Tobacco Master Settlement Payment RB Series 2018
(AGM) (AA/A1) |
|
|
|
24,905,000 |
|
|
|
4.000 |
|
|
06/01/2039 |
|
28,705,503 |
| Commonwealth of Pennsylvania COPS Series 2018 A (A/A2) |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
07/01/2046 |
|
1,417,363 |
| Commonwealth of Pennsylvania GO Bonds Series 2015 (A+/Aa3) |
|
|
|
3,925,000 |
|
|
|
5.000 |
|
|
08/15/2025 |
|
4,756,865 |
| Dauphin County General Authority RB for The Harrisburg University of Science &
Technology Series 2020 (BB/NR)(f) |
|
|
|
2,000,000 |
|
|
|
5.875 |
|
|
10/15/2040 |
|
2,050,560 |
|
|
|
5,000,000 |
|
|
|
6.250 |
|
|
10/15/2053 |
|
5,141,850 |
| Delaware County Authority RB for Villanova University Series 2015
(AA-/A1) |
|
|
|
4,945,000 |
|
|
|
5.000 |
|
|
08/01/2045 |
|
5,622,514 |
| Doylestown Hospital Authority RB Taxable Refunding Series 2019 B
(BBB-/Ba1) |
|
|
|
1,090,000 |
|
|
|
3.950 |
|
|
07/01/2024 |
|
1,104,246 |
| Franklin County Industrial Development Authority RB Refunding for Menno-Haven, Inc.
Obligated Group Series 2018 (NR/NR) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
812,498 |
| Geisinger Authority Health System RB for Geisinger Health System Series 2007
(AA-/A1)(e) |
|
|
|
(3 Mo. LIBOR + 0.77%), |
|
|
|
|
|
15,800,000 |
|
|
|
0.914 |
|
|
05/01/2037 |
|
14,463,478 |
| General Authority of Southcentral Pennsylvania RB Refunding WellSpan Health
Obligation Group Series 2019 A (AA-/Aa3) |
|
|
|
725,000 |
|
|
|
4.000 |
|
|
06/01/2044 |
|
857,233 |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
06/01/2044 |
|
1,655,043 |
|
|
|
3,325,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
3,869,469 |
|
|
|
2,350,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
2,956,206 |
| Lancaster County Hospital Authority RB for Brethren Village Project Series 2017
(BB+/NR) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
930,276 |
| Lancaster County Hospital Authority RB Refunding for St. Anne’s Retirement
Community Obligated Group Series 2020 (BB+/NR) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
03/01/2040 |
|
966,834 |
| Lancaster School District GO Refunding Bonds Series 2019 B (AGM) (ST AID WITHHLDG)
(AA/NR) |
|
|
|
295,000 |
|
|
|
4.000 |
|
|
06/01/2021 |
|
299,384 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
06/01/2022 |
|
525,565 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Montgomery County Higher Education & Health Authority RB Refunding for Thomas
Jefferson University Obligated Group Series 2019 (A/A2) |
| $ |
|
|
850,000 |
|
|
|
4.000 |
% |
|
09/01/2037 |
|
$ 982,914 |
|
|
|
850,000 |
|
|
|
4.000 |
|
|
09/01/2038 |
|
980,280 |
|
|
|
850,000 |
|
|
|
4.000 |
|
|
09/01/2039 |
|
978,146 |
| Montgomery County Industrial Development Authority RB ACTS Retirement-Life
Communities, Inc. Obligated Group Series 2020 C (A-/NR) |
|
|
|
600,000 |
|
|
|
4.000 |
|
|
11/15/2043 |
|
666,552 |
| North Penn Water Authority RB Refunding Series 2019 (NR/Aa3)(e) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.26%), |
|
|
|
|
|
1,400,000 |
|
|
|
0.350 |
|
|
11/01/2021 |
|
1,397,480 |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.46%), |
|
|
|
|
|
1,600,000 |
|
|
|
0.550 |
|
|
11/01/2023 |
|
1,591,248 |
| Northampton County Industrial Development Authority RB Refunding for Morningstar
Senior Living, Inc. Obligated Group Series 2019 (BB+/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
1,064,480 |
| Northeastern Pennsylvania Hospital & Education Authority RB for King’s
College Project Series 2019 (BBB+/NR) |
|
|
|
230,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
231,948 |
|
|
|
155,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
160,312 |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
53,569 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
109,603 |
| Pennsylvania Economic Development Financing Authority RB for CarbonLite P LLC
Project Series 2019 (AMT) (NR/NR)(f) |
|
|
|
1,750,000 |
|
|
|
5.250 |
|
|
06/01/2026 |
|
1,758,173 |
| Pennsylvania Economic Development Financing Authority RB for Solid Waste Disposal
Project Series 2009 (A-/NR)(b)(c) |
|
|
|
6,460,000 |
|
|
|
2.800 |
|
|
12/01/2021 |
|
6,605,350 |
| Pennsylvania Economic Development Financing Authority RB for The Pennsylvania Rapid
Bridge Replacement Project Series 2015 (BBB/NR) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
06/30/2042 |
|
857,610 |
| Pennsylvania Economic Development Financing Authority RB Refunding for American
Water Co. Project Series 2019 (A+/A1) |
|
|
|
8,250,000 |
|
|
|
3.000 |
|
|
04/01/2039 |
|
9,091,995 |
| Pennsylvania Higher Educational Facilities Authority Duquesne University of the
Holy Spirit RB Series 2019 A (A/A2) |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
03/01/2037 |
|
405,188 |
|
|
|
675,000 |
|
|
|
5.000 |
|
|
03/01/2038 |
|
835,859 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
03/01/2039 |
|
617,690 |
| Pennsylvania Higher Educational Facilities Authority RB for Foundation for Indiana
University of Pennsylvania Series 2007 A (ASSURED GTY) (AA/WR)(e) |
|
|
|
(3 Mo. LIBOR + 0.60%), |
|
|
|
|
|
1,255,000 |
|
|
|
0.751 |
|
|
07/01/2027 |
|
1,241,509 |
| Pennsylvania Higher Educational Facilities Authority RB Refunding for Drexel
University Series 2020 A (AGM) (AA/A2) |
|
|
|
2,500,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
2,933,050 |
|
|
|
4,120,000 |
|
|
|
5.000 |
|
|
05/01/2046 |
|
5,198,492 |
| Pennsylvania State Commonwealth GO Refunding Bonds First
Series 2016 (AGM-CR)
(AA/Aa3) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
09/15/2025 |
|
4,873,080 |
| Pennsylvania State GO Bonds Consolidated Loan of 2018 Series 2018 A
(A+/Aa3) |
|
|
|
6,675,000 |
|
|
|
5.000 |
|
|
08/15/2023 |
|
7,484,477 |
| Pennsylvania Turnpike Commission RB Refunding Series 2020 (A-/A3) |
|
|
|
1,000,000 |
|
|
|
2.412 |
|
|
12/01/2027 |
|
1,041,240 |
| Pennsylvania Turnpike Commission RB Series 2013 C (A+/A1)(g) |
|
|
|
1,720,000 |
|
|
|
5.500 |
|
|
12/01/2023 |
|
1,984,519 |
| Pennsylvania Turnpike Commission RB Series 2018 A (AA/Aa3) |
|
|
|
30,675,000 |
|
|
|
5.250 |
|
|
12/01/2044 |
|
39,229,031 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Pennsylvania Turnpike Commission RB Series 2018 B (A+/A1)(e) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.70%), |
|
|
| $ |
|
|
6,050,000 |
|
|
|
0.790 |
% |
|
12/01/2023 |
|
$ 6,080,250 |
| Pennsylvania Turnpike Commission RB Series 2019 A (A-/A3) |
|
|
|
4,250,000 |
|
|
|
5.000 |
|
|
12/01/2036 |
|
5,387,003 |
|
|
|
4,275,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
5,389,279 |
|
|
|
21,160,000 |
|
|
|
5.000 |
|
|
12/01/2044 |
|
26,243,478 |
| Pennsylvania Turnpike Commission RB Subordinate Series 2017 A (A-/A3) |
|
|
|
3,500,000 |
|
|
|
5.500 |
|
|
12/01/2042 |
|
4,311,790 |
| Pennsylvania Turnpike Commission RB Subordinate Series 2017 B-1
(A-/A3) |
|
|
|
10,000,000 |
|
|
|
5.250 |
|
|
06/01/2047 |
|
12,006,000 |
| Philadelphia Authority for Industrial Development RB for Independence Charter
School Series 2019 (NR/NR) |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
06/15/2029 |
|
368,337 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/15/2039 |
|
1,072,640 |
| Philadelphia Authority for Industrial Development RB for MaST Community Charter
School II Series 2020 A (BBB-/NR) |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
08/01/2030 |
|
540,603 |
|
|
|
290,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
347,635 |
| Philadelphia Authority for Industrial Development RB Refunding for Philadelphia
Performing Arts Charter School Series 2020 (BB+/NR)(f) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
06/15/2040 |
|
1,039,401 |
| Philadelphia Hospitals and Higher Education Facilities Authority RB for Temple
University Health System Obligated Group Series 2012 A (BBB-/Ba1) |
|
|
|
1,760,000 |
|
|
|
5.625 |
|
|
07/01/2042 |
|
1,862,784 |
| Philadelphia Hospitals and Higher Education Facilities Authority RB Refunding for
Temple University Health System Obligation Group Series 2017 (BBB-/Ba1) |
|
|
|
4,500,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
5,293,485 |
| Pittsburgh Water & Sewer Authority First Lien RB Series 2019 A (AGM)
(AA/A2) |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
1,109,972 |
|
|
|
1,755,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
2,285,607 |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
2,206,566 |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
09/01/2037 |
|
2,200,208 |
| Pittsburgh Water & Sewer Authority Subordinate RB Refunding
Series 2019 B
(AGM) (AA/NR) |
|
|
|
2,125,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
2,622,739 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
09/01/2035 |
|
519,970 |
| Scranton Redevelopment Authority RB Refunding for Guaranteed Lease Series 2016 A
(MUN GOVT GTD) (BB+/NR) |
|
|
|
90,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
90,712 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
455,800 |
| State Public School Building Authority RB Refunding for Philadelphia School
District Project Series 2016 A (AGM) (ST AID WITHHLDG) (AA/A2) |
|
|
|
2,525,000 |
|
|
|
5.000 |
|
|
06/01/2031 |
|
3,081,687 |
| Susquehanna Area Regional Airport Authority RB Refunding for Airport System Series
2017 (AMT) (NR/Baa3) |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
01/01/2035 |
|
1,189,749 |
| The Berks County Municipal Authority RB for Alvernia University Project Series 2020
(BB+/NR) |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
377,186 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
10/01/2023 |
|
203,576 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
10/01/2029 |
|
762,450 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
441,673 |
| The Berks County Municipal Authority RB for Tower Health Obligated Group Series
2012 A (BB+/WR) |
|
|
|
4,100,000 |
|
|
|
5.000 |
|
|
11/01/2044 |
|
4,177,367 |
| The Berks County Municipal Authority RB Refunding for Tower Health Obligated Group
Series 2020 A (BB+/NR) |
|
|
|
530,000 |
|
|
|
5.000 |
|
|
02/01/2025 |
|
578,378 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| The Berks County Municipal Authority RB Refunding for Tower Health Obligated Group
Series 2020 B-1 (BB+/NR)(b)(c) |
| $ |
|
|
7,260,000 |
|
|
|
5.000 |
% |
|
02/01/2025 |
|
$ 7,853,432 |
| The Berks County Municipal Authority RB Refunding for Tower Health Obligated Group
Series 2020 B-2 (BB+/NR)(b)(c) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
02/01/2027 |
|
1,112,680 |
| The Berks County Municipal Authority RB Refunding for Tower Health Obligated Group
Series 2020 B-3 (BB+/NR)(b)(c) |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
02/01/2030 |
|
4,019,715 |
| Westmoreland County Industrial Development Authority RB Refunding for Excela Health
Obligated Group Series 2020 A (NR/Baa1) |
|
|
|
530,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
638,655 |
|
|
|
620,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
759,351 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
807,144 |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
553,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
325,273,693 |
| |
| Puerto Rico – 4.9% |
| Commonwealth of Puerto Rico GO Bonds Public Improvement
Series 1999 (NR/WR)* |
|
|
|
125,000 |
|
|
|
5.250 |
|
|
07/01/2018 |
|
94,687 |
| Commonwealth of Puerto Rico GO Bonds Public Improvement
Series 2006 B (NR/WR)* |
|
|
|
390,000 |
|
|
|
5.250 |
|
|
07/01/2016 |
|
295,425 |
|
|
|
500,000 |
|
|
|
5.250 |
|
|
07/01/2017 |
|
378,750 |
| Commonwealth of Puerto Rico GO Refunding Bonds for Public Improvement Series 2009 B
(D/Ca)* |
|
|
|
2,000,000 |
|
|
|
6.000 |
|
|
07/01/2039 |
|
1,567,500 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority RB Senior Lien Series 2008
A (CCC/Ca) |
|
|
|
2,040,000 |
|
|
|
6.125 |
|
|
07/01/2024 |
|
2,221,050 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority RB Senior Lien Series 2012
A (CCC/Ca) |
|
|
|
515,000 |
|
|
|
4.250 |
|
|
07/01/2025 |
|
533,669 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
1,048,750 |
|
|
|
6,100,000 |
|
|
|
5.125 |
|
|
07/01/2037 |
|
6,405,000 |
|
|
|
1,060,000 |
|
|
|
5.750 |
|
|
07/01/2037 |
|
1,124,925 |
|
|
|
18,900,000 |
|
|
|
5.250 |
|
|
07/01/2042 |
|
19,868,625 |
| Puerto Rico Commonwealth GO Bonds Series 2014 A (D/Ca)* |
|
|
|
65,795,000 |
|
|
|
8.000 |
|
|
07/01/2035 |
|
45,069,575 |
| Puerto Rico Commonwealth GO Refunding Bonds for Public Improvement Series 2012 A
(D/Ca)* |
|
|
|
3,955,000 |
|
|
|
5.000 |
|
|
07/01/2041 |
|
2,758,612 |
| Puerto Rico Commonwealth GO Refunding Bonds Subseries 2003 C-7 (NATL-RE)
(NR/Baa2) |
|
|
|
2,450,000 |
|
|
|
6.000 |
|
|
07/01/2027 |
|
2,512,646 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding Series
2005 L (AGC-ICC) (AA/A3) |
|
|
|
930,000 |
|
|
|
5.250 |
|
|
07/01/2041 |
|
1,120,418 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding Series
2005 L (AMBAC) (NR/C) |
|
|
|
6,500,000 |
|
|
|
5.250 |
|
|
07/01/2038 |
|
7,095,595 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding Series
2007 CC (AGM) (AA/A2) |
|
|
|
3,425,000 |
|
|
|
5.250 |
|
|
07/01/2033 |
|
4,083,559 |
|
|
|
165,000 |
|
|
|
5.250 |
|
|
07/01/2034 |
|
197,670 |
|
|
|
4,475,000 |
|
|
|
5.250 |
|
|
07/01/2036 |
|
5,369,284 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding Series
2007 CC (AGM-CR) (AA/A2) |
|
|
|
40,000 |
|
|
|
5.500 |
|
|
07/01/2031 |
|
48,330 |
| Puerto Rico Commonwealth Infrastructure Financing Authority Special Tax RB Series
2005 C (AMBAC) (NR/C)(d) |
|
|
|
520,000 |
|
|
|
0.000 |
|
|
07/01/2028 |
|
379,070 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Puerto Rico – (continued) |
| Puerto Rico Commonwealth Infrastructure Financing Authority Special Tax RB Series
2005 C (AMBAC) (NR/C) |
| $ |
|
|
1,085,000 |
|
|
|
5.500 |
% |
|
07/01/2023 |
|
$ 1,157,044 |
|
|
|
545,000 |
|
|
|
5.500 |
|
|
07/01/2024 |
|
590,649 |
| Puerto Rico Electric Power Authority RB Refunding Series 2007 UU (AGM) (AA/A2)(e) |
|
|
|
(3 Mo. LIBOR + 0.52%), |
|
|
|
|
|
21,915,000 |
|
|
|
0.671 |
|
|
07/01/2029 |
|
19,851,264 |
| Puerto Rico Electric Power Authority RB Refunding Series 2007 VV (NATL-RE)
(D/Baa2) |
|
|
|
350,000 |
|
|
|
5.250 |
|
|
07/01/2029 |
|
370,874 |
|
|
|
215,000 |
|
|
|
5.250 |
|
|
07/01/2030 |
|
228,321 |
|
|
|
1,150,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
1,227,602 |
| Puerto Rico Electric Power Authority RB Refunding Series 2010 ZZ-RSA-1 (NR/NR)* |
|
|
|
1,000,000 |
|
|
|
5.250 |
|
|
07/01/2019 |
|
797,500 |
| Puerto Rico Electric Power Authority RB Series 2013 A-RSA-1 (D/NR)* |
|
|
|
8,215,000 |
|
|
|
6.750 |
|
|
07/01/2036 |
|
6,828,719 |
| Puerto Rico Electric Power Authority RB Series 2016 E-1-RSA-1 (NR/NR)* |
|
|
|
590,915 |
|
|
|
10.000 |
|
|
01/01/2021 |
|
504,494 |
| Puerto Rico Electric Power Authority RB Series 2016 E-2-RSA-1 (NR/NR)* |
|
|
|
590,915 |
|
|
|
10.000 |
|
|
07/01/2021 |
|
504,494 |
| Puerto Rico Electric Power Authority RB Series 2016 E-3-RSA-1 (NR/NR)* |
|
|
|
196,972 |
|
|
|
10.000 |
|
|
01/01/2022 |
|
168,165 |
| Puerto Rico Electric Power Authority RB Series 2016 E-4-RSA-1 (NR/NR)* |
|
|
|
196,972 |
|
|
|
10.000 |
|
|
07/01/2022 |
|
168,165 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2005 L
(ASSURED GTY) (AA/A3) |
|
|
|
60,000 |
|
|
|
5.250 |
|
|
07/01/2041 |
|
72,285 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2005 L
(NATL-RE) (NR/Baa2) |
|
|
|
7,175,000 |
|
|
|
5.250 |
|
|
07/01/2035 |
|
7,646,254 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 CC
(AGM) (AA/A2) |
|
|
|
600,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
713,994 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 CC
(AGM-CR) (AA/A2) |
|
|
|
90,000 |
|
|
|
5.500 |
|
|
07/01/2029 |
|
107,340 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 CC
(ASSURED GTY) (AA/A3) |
|
|
|
165,000 |
|
|
|
5.500 |
|
|
07/01/2031 |
|
199,363 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 N
(AGC) (AGM-CR) (AA/A2) |
|
|
|
2,165,000 |
|
|
|
5.500 |
|
|
07/01/2029 |
|
2,582,131 |
|
|
|
2,230,000 |
|
|
|
5.250 |
|
|
07/01/2034 |
|
2,671,540 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 N
(AGC) (FGIC) (AA/A3) |
|
|
|
180,000 |
|
|
|
5.250 |
|
|
07/01/2039 |
|
216,659 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 N
(AGM-CR) (AGC-ICC) (AA/A2) |
|
|
|
295,000 |
|
|
|
5.500 |
|
|
07/01/2026 |
|
345,236 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 N
(AMBAC) (NR/C) |
|
|
|
2,710,000 |
|
|
|
5.250 |
|
|
07/01/2030 |
|
2,985,905 |
|
|
|
2,970,000 |
|
|
|
5.250 |
|
|
07/01/2031 |
|
3,265,575 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 N
(ASSURED GTY) (AA/A3) |
|
|
|
355,000 |
|
|
|
5.250 |
|
|
07/01/2034 |
|
425,290 |
|
|
|
23,140,000 |
|
|
|
5.250 |
|
|
07/01/2036 |
|
27,758,281 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 N
(NATL-RE) (NR/Baa2) |
|
|
|
1,240,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
1,323,675 |
|
|
|
1,760,000 |
|
|
|
5.250 |
|
|
07/01/2033 |
|
1,881,915 |
| Puerto Rico Highway & Transportation Authority RB Series 1998 A (NATL-RE-IBC)
(NR/Baa2) |
|
|
|
5,265,000 |
|
|
|
4.750 |
|
|
07/01/2038 |
|
5,297,485 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Puerto Rico – (continued) |
| Puerto Rico Highway & Transportation Authority RB Series 2007 N (AMBAC)
(NR/C) |
| $ |
|
|
160,000 |
|
|
|
5.500 |
% |
|
07/01/2026 |
|
$ 177,142 |
| Puerto Rico Infrastructure Financing Authority Special Tax RB Series 2005 A (AMBAC)
(NR/C)(d) |
|
|
|
1,750,000 |
|
|
|
0.000 |
|
|
07/01/2037 |
|
858,095 |
| Puerto Rico Public Buildings Authority RB Refunding for Government Facilities
Series 2007 M-2 (AMBAC) (NR/Ca)(c) |
|
|
|
3,240,000 |
|
|
|
10.000 |
|
|
07/01/2035 |
|
3,416,483 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2018 A-1 (NR/NR)(d) |
|
|
|
476,000 |
|
|
|
0.000 |
|
|
07/01/2024 |
|
448,987 |
|
|
|
16,610,000 |
|
|
|
0.000 |
|
|
07/01/2027 |
|
14,788,713 |
|
|
|
3,658,000 |
|
|
|
0.000 |
|
|
07/01/2029 |
|
3,106,593 |
|
|
|
25,338,000 |
|
|
|
0.000 |
|
|
07/01/2031 |
|
19,712,457 |
|
|
|
16,923,000 |
|
|
|
0.000 |
|
|
07/01/2033 |
|
12,117,376 |
|
|
|
12,009,000 |
|
|
|
0.000 |
|
|
07/01/2046 |
|
3,715,465 |
|
|
|
31,842,000 |
|
|
|
0.000 |
|
|
07/01/2051 |
|
7,090,258 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2019 A-2 (NR/NR) |
|
|
|
75,394,000 |
|
|
|
4.329 |
|
|
07/01/2040 |
|
81,699,954 |
|
|
|
143,000 |
|
|
|
4.536 |
|
|
07/01/2053 |
|
155,126 |
|
|
|
7,274,000 |
|
|
|
4.784 |
|
|
07/01/2058 |
|
7,997,327 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Restructured RB Series 2018
A-1 (NR/NR) |
|
|
|
19,288,000 |
|
|
|
4.500 |
|
|
07/01/2034 |
|
21,087,378 |
|
|
|
1,555,000 |
|
|
|
4.550 |
|
|
07/01/2040 |
|
1,706,799 |
|
|
|
10,419,000 |
|
|
|
4.750 |
|
|
07/01/2053 |
|
11,450,064 |
|
|
|
37,352,000 |
|
|
|
5.000 |
|
|
07/01/2058 |
|
41,625,069 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
423,216,645 |
| |
| Rhode Island – 0.0% |
| Rhode Island Health and Educational Building Corp. RB for Woonsocket Public School
Financing Program Series 2017 A (AGM) (MUN GOVT GTD) (AA/Aa3) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
05/15/2024 |
|
573,745 |
| |
| South Carolina – 0.5% |
| Clemson University Athletic Facilities RB Series 2015 (NR/Aa3) |
|
|
|
1,385,000 |
|
|
|
4.000 |
|
|
05/01/2025 |
|
1,590,991 |
|
|
|
1,570,000 |
|
|
|
4.000 |
|
|
05/01/2026 |
|
1,798,482 |
| Lexington County School District No. 1/SC GO Refunding Bonds
Series 2019 A
(SCSDE) (AA/Aa1) |
|
|
|
2,495,000 |
|
|
|
5.000 |
|
|
02/01/2031 |
|
3,252,831 |
| Lexington County School District No. 2 GO Bonds Series 2017 C (SCSDE)
(AA/Aa1) |
|
|
|
4,530,000 |
|
|
|
5.000 |
|
|
03/01/2031 |
|
5,638,129 |
|
|
|
1,615,000 |
|
|
|
4.000 |
|
|
03/01/2032 |
|
1,906,346 |
| South Carolina Ports Authority RB Series 2018 (AMT) (A+/A1) |
|
|
|
3,750,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
4,629,975 |
| South Carolina Public Service Authority RB Series 2016 D (A/A2) |
|
|
|
5,505,000 |
|
|
|
2.388 |
|
|
12/01/2023 |
|
5,738,907 |
| South Carolina Public Service Authority Santee Cooper RB Refunding Series 2014 D
(A/A2) |
|
|
|
875,000 |
|
|
|
3.056 |
|
|
12/01/2023 |
|
926,319 |
| South Carolina Transportation Infrastructure Bank RB Refunding
Series 2013 B
(A/Aa3)(b) |
|
|
|
(1 Mo. LIBOR + 0.45%), |
|
|
|
|
|
12,445,000 |
|
|
|
0.554 |
|
|
10/01/2022 |
|
12,428,324 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| South Carolina – (continued) |
| Spartanburg Regional Health Services District Obligated Group RB Series 2020 A
(AGM) (AA/A2) |
| $ |
|
|
500,000 |
|
|
|
5.000 |
% |
|
04/15/2032 |
|
$ 656,905 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
04/15/2033 |
|
653,095 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
04/15/2034 |
|
650,950 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
04/15/2035 |
|
584,613 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
04/15/2036 |
|
507,178 |
|
|
|
550,000 |
|
|
|
4.000 |
|
|
04/15/2037 |
|
654,098 |
|
|
|
525,000 |
|
|
|
4.000 |
|
|
04/15/2038 |
|
622,582 |
|
|
|
700,000 |
|
|
|
4.000 |
|
|
04/15/2039 |
|
828,590 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
04/15/2040 |
|
885,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43,953,345 |
| |
| South Dakota – 0.1% |
| Rapid City Area School District No. 51-4 Limited Tax Capital Outlay GO Refunding
Bonds Series 2017 B (ST AID WITHHLDG) (AA+/NR) |
|
|
|
630,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
713,393 |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
1,261,620 |
|
|
|
730,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
885,709 |
| South Dakota Health & Educational Facilities Authority RB Refunding for Avera
Health Obligated Group Series 2019 A (AA-/A1)(b)(c) |
|
|
|
3,525,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
4,021,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,882,465 |
| |
| Tennessee – 0.4% |
| Chattanooga Health Educational & Housing Facility Board RB for CommonSpirit
Health Obligated Group Refunding Series 2019 A-1 (BBB+/Baa1) |
|
|
|
1,115,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
1,415,270 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
08/01/2036 |
|
584,935 |
| City of Johnson GO Refunding Bonds Series 2019 B (NR/Aa2) |
|
|
|
1,225,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
1,480,792 |
| Greeneville Health & Educational Facilities Board RB for Ballad Health
Obligated Group Series 2018 A (A-/Baa1) |
|
|
|
6,020,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
6,535,011 |
|
|
|
1,800,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
2,015,478 |
| Metropolitan Government Nashville & Davidson County Health & Educational
Facilities Board RB for Vanderbilt University Medical Center Series 2016 A (NR/A3) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
471,796 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2046 |
|
816,480 |
| Metropolitan Government Nashville & Davidson County Health & Educational
Facilities RB Refunding for Trevecca Nazarene University Project Series 2019 (BBB-/NR) |
|
|
|
75,000 |
|
|
|
3.000 |
|
|
10/01/2024 |
|
76,145 |
| Metropolitan Government Nashville & Davidson County Industrial Development
Board RB for Waste Management, Inc. Series 2001 (A-/NR)(b)(c) |
|
|
|
3,000,000 |
|
|
|
2.850 |
|
|
08/02/2021 |
|
3,037,800 |
| Nashville Metropolitan Development & Housing Agency RB for Fifth+ Broadway
Development Project Series 2018 (NR/NR)(f) |
|
|
|
650,000 |
|
|
|
4.500 |
|
|
06/01/2028 |
|
690,313 |
| Tennergy Corporation Tenn Gas Supply RB Series 2019 A
(AA/Aa2)(b)(c) |
|
|
|
11,325,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
13,146,626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,270,646 |
| |
| Texas – 7.6% |
| Austin Convention Enterprises, Inc. Convention Center Hotel First Tier RB Refunding
Series 2017 A (BBB-/NR) |
|
|
|
1,355,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
1,412,506 |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2016
(A-/Baa1) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
290,787 |
|
|
|
435,000 |
|
|
|
5.000 |
|
|
01/01/2046 |
|
501,042 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2020 A
(A-/Baa1) |
| $ |
|
|
530,000 |
|
|
|
5.000 |
% |
|
01/01/2026 |
|
$ 640,150 |
|
|
|
595,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
737,729 |
|
|
|
620,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
786,985 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
845,026 |
|
|
|
690,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
917,396 |
|
|
|
1,010,000 |
|
|
|
5.000 |
|
|
01/01/2032 |
|
1,324,140 |
|
|
|
1,115,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
1,443,568 |
|
|
|
585,000 |
|
|
|
5.000 |
|
|
01/01/2035 |
|
756,241 |
|
|
|
610,000 |
|
|
|
5.000 |
|
|
01/01/2036 |
|
785,893 |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
828,103 |
|
|
|
675,000 |
|
|
|
5.000 |
|
|
01/01/2038 |
|
864,257 |
|
|
|
1,420,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
1,813,226 |
| City of Anna Special Assessment Bonds for Hurricane Creek Public Improvement
District Project Series 2019 (NR/NR)(f) |
|
|
|
250,000 |
|
|
|
5.750 |
|
|
09/01/2029 |
|
277,347 |
| City of Austin RB for Airport System Series 2019 B (AMT) (A/A1) |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
11/15/2032 |
|
2,175,167 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
11/15/2033 |
|
2,548,420 |
| City of Austin RB Refunding for Airport System Series 2019 (AMT)
(A/A1) |
|
|
|
1,510,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
1,636,885 |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
2,194,354 |
|
|
|
4,845,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
5,651,596 |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
1,386,808 |
| City of Austin Special Assessment RB for Estancia Hill Country Public Improvement
District Series 2018 (NR/NR)(f) |
|
|
|
990,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
1,024,254 |
|
|
|
1,650,000 |
|
|
|
4.500 |
|
|
11/01/2024 |
|
1,707,964 |
|
|
|
2,815,000 |
|
|
|
4.000 |
|
|
11/01/2028 |
|
3,014,978 |
| City of Celina Special Assessment Bonds for Wells South Public Improvement District
Series 2020 (NR/NR)(f) |
|
|
|
550,000 |
|
|
|
2.500 |
|
|
09/01/2025 |
|
559,635 |
|
|
|
140,000 |
|
|
|
3.125 |
|
|
09/01/2030 |
|
144,591 |
|
|
|
180,000 |
|
|
|
3.250 |
|
|
09/01/2030 |
|
187,272 |
|
|
|
355,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
380,248 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Glen Crossing Public
Improvement District Phase#1 Project Series 2016 (NR/NR) |
|
|
|
250,000 |
|
|
|
4.200 |
|
|
09/01/2027 |
|
279,615 |
|
|
|
575,000 |
|
|
|
4.800 |
|
|
09/01/2037 |
|
638,043 |
|
|
|
650,000 |
|
|
|
5.250 |
|
|
09/01/2046 |
|
726,888 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Glen Crossing Public
Improvement District Phase#1B Project Series 2018 (NR/NR)(f) |
|
|
|
110,000 |
|
|
|
4.375 |
|
|
09/01/2023 |
|
114,339 |
|
|
|
300,000 |
|
|
|
5.375 |
|
|
09/01/2038 |
|
355,155 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Glen Crossing Public
Improvement District Phase#2 Project Series 2018 (NR/NR) |
|
|
|
199,000 |
|
|
|
4.625 |
|
|
09/01/2023 |
|
207,752 |
|
|
|
370,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
425,811 |
| City of Fate Special Assessment for Williamsburg East Public Improvement District
Area No. 1 Series 2020 (NR/NR)(f) |
|
|
|
388,000 |
|
|
|
2.625 |
|
|
08/15/2025 |
|
393,851 |
|
|
|
171,000 |
|
|
|
3.375 |
|
|
08/15/2030 |
|
176,804 |
| City of Fate Special Assessment RB for Williamsburg Public Improvement District No.
1 Phase#1 Series 2019 (NR/NR)(f) |
|
|
|
170,000 |
|
|
|
3.125 |
|
|
08/15/2024 |
|
174,328 |
|
|
|
340,000 |
|
|
|
3.500 |
|
|
08/15/2029 |
|
367,295 |
|
|
|
1,905,000 |
|
|
|
4.000 |
|
|
08/15/2039 |
|
2,052,181 |
|
|
|
1,825,000 |
|
|
|
4.250 |
|
|
08/15/2049 |
|
1,967,642 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| City of Fate Special Assessment Refunding for Williamsburg Public Improvement
District No. 1 Project Series 2019 (BAM) (AA/NR) |
| $ |
|
|
150,000 |
|
|
|
4.000 |
% |
|
08/15/2025 |
|
$ 168,417 |
|
|
|
155,000 |
|
|
|
4.000 |
|
|
08/15/2026 |
|
176,965 |
|
|
|
160,000 |
|
|
|
4.000 |
|
|
08/15/2027 |
|
185,099 |
|
|
|
165,000 |
|
|
|
4.000 |
|
|
08/15/2028 |
|
192,712 |
|
|
|
170,000 |
|
|
|
4.000 |
|
|
08/15/2029 |
|
200,078 |
|
|
|
925,000 |
|
|
|
3.000 |
|
|
08/15/2034 |
|
985,874 |
| City of Fort Worth Water & Sewer System RB Refunding & Improvement Series
2015 A (AA+/Aa1) |
|
|
|
8,245,000 |
|
|
|
5.000 |
|
|
02/15/2024 |
|
9,463,116 |
| City of Hackberry Special Assessment RB for Riverdale Lake Public Improvement
District No. 2 Phases 4-6 Project Series 2017 (NR/NR) |
|
|
|
425,000 |
|
|
|
4.125 |
|
|
09/01/2027 |
|
460,398 |
|
|
|
1,350,000 |
|
|
|
4.625 |
|
|
09/01/2037 |
|
1,508,639 |
| City of Hackberry Special Assessment RB Refunding for Hackberry Public Improvement
District No. 3 Phases No. 13-16 Project
Series 2017 (NR/NR) |
|
|
|
125,000 |
|
|
|
3.250 |
|
|
09/01/2022 |
|
127,362 |
|
|
|
570,000 |
|
|
|
4.500 |
|
|
09/01/2027 |
|
636,468 |
|
|
|
1,800,000 |
|
|
|
4.500 |
|
|
09/01/2037 |
|
1,997,892 |
| City of Hackberry Special Assessment RB Refunding for Hidden Cove Public
Improvement District No. 2 Project Series 2017 (BBB-/NR) |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
468,609 |
|
|
|
440,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
494,512 |
|
|
|
460,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
525,016 |
|
|
|
480,000 |
|
|
|
4.000 |
|
|
09/01/2027 |
|
554,304 |
| City of Haslet Special Assessment RB Refunding for Haslet Public Improvement
District No. 5 1 Project Series 2019 (NR/NR)(f) |
|
|
|
150,000 |
|
|
|
3.250 |
|
|
09/01/2024 |
|
154,800 |
|
|
|
290,000 |
|
|
|
3.625 |
|
|
09/01/2029 |
|
314,986 |
|
|
|
785,000 |
|
|
|
4.125 |
|
|
09/01/2039 |
|
859,379 |
| City of Horseshoe Bay Special Assessment Refunding Bonds for Public Improvement
District Series 2020 (NR/NR) |
|
|
|
1,110,000 |
|
|
|
3.000 |
|
|
10/01/2025 |
|
1,139,693 |
|
|
|
645,000 |
|
|
|
3.000 |
|
|
10/01/2030 |
|
667,265 |
|
|
|
440,000 |
|
|
|
3.250 |
|
|
10/01/2033 |
|
458,291 |
| City of Houston GO Bonds Refunding Series 2019 A (AA/Aa3) |
|
|
|
13,745,000 |
|
|
|
5.000 |
|
|
03/01/2029 |
|
18,334,456 |
| City of Houston RB Refunding for Airport System Subordinate Lien Series 2012 A
(AMT) (A/NR)(g) |
|
|
|
4,800,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
5,125,200 |
| City of Houston RB Refunding for Airport System Subordinated Lien Series 2012 B
(A/NR)(g) |
|
|
|
23,250,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
24,908,190 |
| City of Irving RB Refunding for Hotel Occupancy Tax Series 2019
(BBB+/NR) |
|
|
|
130,000 |
|
|
|
5.000 |
|
|
08/15/2024 |
|
141,170 |
|
|
|
130,000 |
|
|
|
5.000 |
|
|
08/15/2025 |
|
143,763 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
08/15/2026 |
|
168,201 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
08/15/2027 |
|
113,135 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
08/15/2028 |
|
142,412 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
08/15/2029 |
|
171,694 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
08/15/2030 |
|
227,202 |
|
|
|
280,000 |
|
|
|
5.000 |
|
|
08/15/2032 |
|
314,700 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
08/15/2034 |
|
334,890 |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
08/15/2035 |
|
194,861 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
08/15/2036 |
|
277,470 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
08/15/2037 |
|
276,688 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
08/15/2038 |
|
331,179 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
08/15/2039 |
|
330,483 |
| City of Kyle Special Assessment RB for Creeks Public Improvement District Series
2019 (NR/NR)(f) |
|
|
|
785,000 |
|
|
|
3.875 |
|
|
09/01/2024 |
|
815,513 |
|
|
|
1,180,000 |
|
|
|
4.750 |
|
|
09/01/2044 |
|
1,317,553 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| City of Kyle Special Assessment RB for Creeks Public Improvement District Series
2020 (NR/NR)(f) |
| $ |
|
|
210,000 |
|
|
|
2.625 |
% |
|
09/01/2025 |
|
$ 210,187 |
|
|
|
505,000 |
|
|
|
3.125 |
|
|
09/01/2030 |
|
506,020 |
| City of Kyle Special Assessment RB for Southwest Kyle Public Improvement District
No. 1 Series 2019 (NR/NR)(f) |
|
|
|
425,000 |
|
|
|
4.250 |
|
|
09/01/2029 |
|
463,322 |
|
|
|
1,000,000 |
|
|
|
4.875 |
|
|
09/01/2044 |
|
1,125,950 |
| City of Lago Vista Tessera on Lake Travis Public Improvement District Special
Assessment Refunding Bond Series 2010 (NR/NR) |
|
|
|
620,000 |
|
|
|
2.750 |
|
|
09/01/2025 |
|
632,326 |
|
|
|
430,000 |
|
|
|
3.125 |
|
|
09/01/2030 |
|
447,643 |
| City of Lavon Special Assessment RB for Lakepointe Public Improvement District
Improvement Area#1 Project Series 2019 (NR/NR)(f) |
|
|
|
175,000 |
|
|
|
3.500 |
|
|
09/15/2024 |
|
181,489 |
|
|
|
250,000 |
|
|
|
3.750 |
|
|
09/15/2029 |
|
275,340 |
| City of Lavon Special Assessment RB for Lakepointe Public Improvement District
Major Improvement Area Project Series 2019 (NR/NR)(f) |
|
|
|
205,000 |
|
|
|
4.375 |
|
|
09/15/2029 |
|
224,944 |
| City of Lewisville Texas Combination Contract & Special Assessment RB Refunding
for Lewisville Castle Hills Public Improvement District No. 3 Project Series 2015 (AGM) (AA/NR) |
|
|
|
1,415,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
1,514,701 |
| City of Liberty Hill Special Assessment Bonds for Summerlyn West Public Improvement
District Series 2020 (NR/NR)(f) |
|
|
|
600,000 |
|
|
|
2.500 |
|
|
09/01/2025 |
|
607,488 |
|
|
|
330,000 |
|
|
|
3.125 |
|
|
09/01/2030 |
|
341,217 |
|
|
|
845,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
905,096 |
| City of Manor Special Assessment RB for Lagos Public Improvement District Series
2020 (NR/NR)(f) |
|
|
|
245,000 |
|
|
|
3.750 |
|
|
09/15/2025 |
|
254,954 |
| City of Mclendon-Chisholm Special Assessment Bonds Sonoma Public Improvement
District Area #2 Project Series 2019 (NR/NR)(f) |
|
|
|
200,000 |
|
|
|
3.500 |
|
|
09/15/2024 |
|
207,518 |
|
|
|
280,000 |
|
|
|
3.750 |
|
|
09/15/2029 |
|
309,907 |
| City of Mesquite Special Assessment RB for Iron Horse Public Improvement District
Project Series 2019 (NR/NR)(f) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
09/15/2024 |
|
209,186 |
|
|
|
400,000 |
|
|
|
5.250 |
|
|
09/15/2029 |
|
441,704 |
| City of Mesquite Special Assessment RB for Polo Ridge Public Improvement District
No. 2 Phase #1 Project Series 2019 (NR/NR)(f) |
|
|
|
530,000 |
|
|
|
4.250 |
|
|
09/15/2024 |
|
550,389 |
|
|
|
490,000 |
|
|
|
5.125 |
|
|
09/15/2024 |
|
508,370 |
|
|
|
795,000 |
|
|
|
4.500 |
|
|
09/15/2029 |
|
885,233 |
|
|
|
775,000 |
|
|
|
5.375 |
|
|
09/15/2029 |
|
859,165 |
| City of North Richland Hills Special Assessment for City Point Public Improvement
District Project Series 2019 (NR/NR)(f) |
|
|
|
375,000 |
|
|
|
4.500 |
|
|
09/01/2025 |
|
388,594 |
|
|
|
200,000 |
|
|
|
4.875 |
|
|
09/01/2025 |
|
207,772 |
|
|
|
465,000 |
|
|
|
4.875 |
|
|
09/01/2030 |
|
502,930 |
|
|
|
265,000 |
|
|
|
5.250 |
|
|
09/01/2030 |
|
287,981 |
|
|
|
475,000 |
|
|
|
5.250 |
|
|
09/01/2040 |
|
514,648 |
|
|
|
310,000 |
|
|
|
5.625 |
|
|
09/01/2040 |
|
335,786 |
|
|
|
845,000 |
|
|
|
4.125 |
|
|
09/01/2049 |
|
934,747 |
| City of Oak Point Public Improvement District No. 2 Special Assessment Series 2020
(NR/NR)(f) |
|
|
|
520,000 |
|
|
|
2.500 |
|
|
09/01/2025 |
|
531,497 |
|
|
|
455,000 |
|
|
|
3.250 |
|
|
09/01/2030 |
|
474,165 |
| City of Oak Point Special Assessment for Wildridge Public Improvement District No.
1 Project Series 2019 (NR/NR)(f) |
|
|
|
100,000 |
|
|
|
3.125 |
|
|
09/01/2024 |
|
103,263 |
|
|
|
145,000 |
|
|
|
3.500 |
|
|
09/01/2029 |
|
160,629 |
|
|
|
380,000 |
|
|
|
4.000 |
|
|
09/01/2039 |
|
426,060 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| City of Oak Point Special Assessment RB for Wildridge Public Improvement District
No. 1 Series 2018 (NR/NR)(f) |
| $ |
|
|
250,000 |
|
|
|
4.000 |
% |
|
09/01/2028 |
|
$ 275,993 |
|
|
|
1,610,000 |
|
|
|
4.500 |
|
|
09/01/2048 |
|
1,735,644 |
| City of Princeton Special Assessment RB for Arcadia Farms Public Improvement
District Series 2019 (NR/NR)(f) |
|
|
|
151,000 |
|
|
|
3.500 |
|
|
09/01/2024 |
|
156,199 |
|
|
|
326,000 |
|
|
|
3.750 |
|
|
09/01/2029 |
|
357,632 |
|
|
|
862,000 |
|
|
|
4.250 |
|
|
09/01/2039 |
|
950,613 |
| City of Princeton Special Assessment RB for Arcadia Farms Public Improvement
District Series 2020 (NR/NR)(f) |
|
|
|
180,000 |
|
|
|
3.375 |
|
|
09/01/2030 |
|
189,817 |
| City of Princeton Special Assessment RB for Brookside Public Improvement District
Series 2019 (NR/NR) |
|
|
|
280,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
291,676 |
|
|
|
415,000 |
|
|
|
4.250 |
|
|
09/01/2029 |
|
464,157 |
|
|
|
655,000 |
|
|
|
4.875 |
|
|
09/01/2039 |
|
747,446 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
1,131,870 |
| City of Princeton Special Assessment RB for Whitewing Trails Public Improvement
District No. 2 Series 2019 (NR/NR)(f) |
|
|
|
185,000 |
|
|
|
3.750 |
|
|
09/01/2024 |
|
191,660 |
|
|
|
365,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
394,769 |
|
|
|
580,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
630,669 |
| City of Princeton Special Assessment RB for Winchester Public Improvement District
Series 2020 (NR/NR)(f) |
|
|
|
305,000 |
|
|
|
3.250 |
|
|
09/01/2030 |
|
326,057 |
| City of Royse City Special Assessment for Creekshaw Public Improvement District
Area #1 Series 2020 (NR/NR)(f) |
|
|
|
535,000 |
|
|
|
2.625 |
|
|
09/15/2025 |
|
543,111 |
|
|
|
405,000 |
|
|
|
3.375 |
|
|
09/15/2030 |
|
418,701 |
| City of Royse City Special Assessment for Creekshaw Public Improvement District
Series 2020 (NR/NR)(f) |
|
|
|
225,000 |
|
|
|
3.625 |
|
|
09/15/2030 |
|
236,581 |
|
|
|
210,000 |
|
|
|
4.375 |
|
|
09/15/2030 |
|
218,463 |
|
|
|
500,000 |
|
|
|
4.125 |
|
|
09/15/2040 |
|
527,865 |
|
|
|
400,000 |
|
|
|
4.875 |
|
|
09/15/2040 |
|
420,856 |
| City of Royse City Special Assessment for Waterscape Public Improvement District
Improvement Series 2019 (NR/NR)(f) |
|
|
|
250,000 |
|
|
|
3.750 |
|
|
09/15/2024 |
|
259,662 |
|
|
|
370,000 |
|
|
|
4.125 |
|
|
09/15/2029 |
|
413,394 |
|
|
|
1,050,000 |
|
|
|
4.625 |
|
|
09/15/2039 |
|
1,160,775 |
| City of Sachse Special Assessment for Public Improvement District No. 1 Series 2020
(NR/NR)(f) |
|
|
|
750,000 |
|
|
|
2.500 |
|
|
09/15/2025 |
|
759,368 |
|
|
|
305,000 |
|
|
|
3.250 |
|
|
09/15/2030 |
|
315,385 |
| City of San Antonio RB Refunding for Electric & Gas Systems Junior Lien Series
2015 C (AA-/Aa2)(b)(c) |
|
|
|
30,610,000 |
|
|
|
1.750 |
|
|
12/01/2024 |
|
32,076,831 |
| City of San Antonio RB Refunding for Electric & Gas Systems Junior Lien Series
2018 (AA-/Aa2)(b)(c) |
|
|
|
2,800,000 |
|
|
|
2.750 |
|
|
12/01/2022 |
|
2,933,532 |
| City of San Antonio RB Refunding for Electric & Gas Systems
Series 2015 A
(AA-/Aa2)(b)(c) |
|
|
|
26,495,000 |
|
|
|
1.750 |
|
|
12/01/2024 |
|
27,796,169 |
| City of San Antonio RB Refunding for Electric & Gas Systems
Series 2019
(AA/Aa1) |
|
|
|
1,505,000 |
|
|
|
4.000 |
|
|
02/01/2028 |
|
1,864,815 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
02/01/2029 |
|
2,520,720 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
02/01/2030 |
|
2,555,260 |
| City of San Marcos Special Assessment for Whisper Public Improvement District
Series 2020 (NR/NR) |
|
|
|
470,000 |
|
|
|
4.375 |
|
|
09/01/2025 |
|
484,457 |
|
|
|
600,000 |
|
|
|
4.875 |
|
|
09/01/2030 |
|
640,266 |
|
|
|
735,000 |
|
|
|
5.375 |
|
|
09/01/2040 |
|
788,023 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Clifton Higher Education Finance Corp. RB for YES Prep Public Schools, Inc. Series
2020 (PSF-GTD) (NR/Aaa) |
| $ |
|
|
445,000 |
|
|
|
5.000 |
% |
|
04/01/2025 |
|
$ 530,235 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
04/01/2026 |
|
492,820 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
04/01/2027 |
|
694,996 |
|
|
|
635,000 |
|
|
|
5.000 |
|
|
04/01/2028 |
|
820,369 |
|
|
|
465,000 |
|
|
|
5.000 |
|
|
04/01/2029 |
|
613,600 |
|
|
|
365,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
492,057 |
|
|
|
700,000 |
|
|
|
4.000 |
|
|
04/01/2031 |
|
870,877 |
|
|
|
575,000 |
|
|
|
4.000 |
|
|
04/01/2035 |
|
695,974 |
|
|
|
1,345,000 |
|
|
|
4.000 |
|
|
04/01/2037 |
|
1,611,445 |
| Clifton Higher Education Finance Corp. RB Refunding for IDEA Public Schools Series
2017 (PSF-GTD) (AAA/NR) |
|
|
|
4,370,000 |
|
|
|
4.000 |
|
|
08/15/2036 |
|
5,091,050 |
|
|
|
3,875,000 |
|
|
|
4.000 |
|
|
08/15/2037 |
|
4,506,393 |
| Comal Independent School District GO Refunding Bonds Series 2017 (PSF-GTD)
(NR/Aaa) |
|
|
|
1,970,000 |
|
|
|
5.000 |
|
|
02/01/2025 |
|
2,349,639 |
|
|
|
2,095,000 |
|
|
|
5.000 |
|
|
02/01/2026 |
|
2,592,981 |
| County of Hays Special Assessment for La Cima Public Improvement District Series
2020 (NR/NR)(f) |
|
|
|
505,000 |
|
|
|
2.500 |
|
|
09/15/2025 |
|
516,251 |
|
|
|
350,000 |
|
|
|
3.250 |
|
|
09/15/2030 |
|
364,795 |
| Dallas Area Rapid Transit RB Refunding Series 2016 A (AA+/Aa2) |
|
|
|
8,325,000 |
|
|
|
5.000 |
|
|
12/01/2048 |
|
9,903,587 |
| Dallas-Fort Worth International Airport Joint Improvement RB
Series 2012 D (AMT)
(A/A1)(g) |
|
|
|
21,430,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
22,263,627 |
| Dallas-Fort Worth International Airport Joint RB Improvement Bonds Series 2014 B
(AMT) (A/NR) |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
1,836,969 |
| Dallas-Fort Worth International Airport Joint RB Refunding Series 2014 A (AMT)
(A/NR) |
|
|
|
2,500,000 |
|
|
|
5.250 |
|
|
11/01/2030 |
|
2,797,400 |
| Denton Independent School District GO Bonds 2014 B (PSF-GTD) (AAA/NR)(b)(c) |
|
|
|
4,000,000 |
|
|
|
2.000 |
|
|
08/01/2024 |
|
4,228,840 |
| Edinburg Economic Development Corp. Sales Tax RB Series 2019 (NR/NR)(f) |
|
|
|
125,000 |
|
|
|
3.750 |
|
|
08/15/2024 |
|
126,495 |
|
|
|
235,000 |
|
|
|
4.000 |
|
|
08/15/2029 |
|
239,728 |
|
|
|
775,000 |
|
|
|
4.500 |
|
|
08/15/2035 |
|
792,012 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
08/15/2044 |
|
593,325 |
| Fort Worth Special Assessment RB for Fort Worth Public Improvement District No. 17
Major Improvement Project Series 2017 (NR/NR)(f) |
|
|
|
395,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
424,949 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
236,412 |
|
|
|
330,000 |
|
|
|
5.125 |
|
|
09/01/2037 |
|
342,230 |
| Grand Parkway Transportation Corp. System RB Subordinate Tier
Series 2018 A
(AA+/NR) |
|
|
|
18,225,000 |
|
|
|
5.000 |
|
|
10/01/2037 |
|
23,121,875 |
| Grand Parkway Transportation Corp. System Toll Convertible RB
Series 2013 B
(AA+/NR)(a) |
|
|
|
2,950,000 |
|
|
|
0.000 |
|
|
10/01/2046 |
|
3,414,566 |
|
|
|
4,075,000 |
|
|
|
0.000 |
|
|
10/01/2047 |
|
4,720,276 |
| Gulfgate Redevelopment Authority Tax Allocation Refunding for City of Houston TX
Reinvestment Zone No. 8 Series 2020 (AGM) (AA/NR) |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
461,716 |
|
|
|
470,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
578,053 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
622,935 |
|
|
|
745,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
942,127 |
|
|
|
465,000 |
|
|
|
4.000 |
|
|
09/01/2031 |
|
552,229 |
|
|
|
415,000 |
|
|
|
4.000 |
|
|
09/01/2033 |
|
485,612 |
|
|
|
650,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
758,700 |
|
|
|
580,000 |
|
|
|
4.000 |
|
|
09/01/2036 |
|
674,094 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Harris County Cultural Education Facilities Finance Corp. RB for Memorial Hermann
Health System Obligated Group Series 2019 B-2 (A+/A1)(b)(c) |
| $ |
|
|
8,000,000 |
|
|
|
5.000 |
% |
|
12/01/2024 |
|
$ 9,398,240 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Obligated Group Series 2019 A (A+/A1) |
|
|
|
4,700,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
5,531,148 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Obligated Group Series 2020 C-3 (A+/A1)(b)(c) |
|
|
|
6,500,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
8,180,185 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Series 2013 B (A+/A1)(e) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.95%), |
|
|
|
|
|
6,770,000 |
|
|
|
1.040 |
|
|
06/01/2023 |
|
6,819,150 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Texas
Medical Center Series 2019 A (AA-/A1) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
1,827,686 |
| Harris County Toll Road RB Refunding Senior Lien Series 2007 B (AMBAC) (AA-/Aa1)(e) |
|
|
|
(3 Mo. LIBOR + 0.67%), |
|
|
|
|
|
19,920,000 |
|
|
|
0.819 |
|
|
08/15/2035 |
|
17,986,166 |
| Hickory Creek Texas Special Assessment RB for Hickory Farms Public Improvement
Series 2019 (NR/NR)(f) |
|
|
|
745,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
801,844 |
| Hickory Creek Texas Special Assessment RB for Public Improvement District No. 1
Series 2017 (BBB-/NR) |
|
|
|
95,000 |
|
|
|
3.000 |
|
|
09/01/2024 |
|
101,992 |
|
|
|
100,000 |
|
|
|
3.500 |
|
|
09/01/2025 |
|
110,709 |
|
|
|
100,000 |
|
|
|
3.500 |
|
|
09/01/2026 |
|
111,886 |
|
|
|
105,000 |
|
|
|
3.500 |
|
|
09/01/2027 |
|
117,452 |
| Houston Airport System RB for United Airlines, Inc. Airport Improvement Projects
Series 2018 C (AMT) (B/NR) |
|
|
|
3,295,000 |
|
|
|
5.000 |
|
|
07/15/2028 |
|
3,716,105 |
| Houston Airport System RB Refunding for United Airlines, Inc.
Series 2020 A
(AMT) (BB-/NR) |
|
|
|
830,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
931,194 |
| Houston Airport System RB Refunding for United Airlines, Inc.
Series 2020 B-2
(AMT) (BB-/NR) |
|
|
|
2,480,000 |
|
|
|
5.000 |
|
|
07/15/2027 |
|
2,783,279 |
| Houston Airport System RB Refunding for United Airlines, Inc.
Series 2020 C
(AMT) (BB-/NR) |
|
|
|
2,600,000 |
|
|
|
5.000 |
|
|
07/15/2027 |
|
2,917,954 |
| Houston Airport System RB Refunding Subordinate Lien Series 2018 B
(A/A1) |
|
|
|
360,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
453,683 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
407,079 |
| Houston Airport System RB Refunding Subordinate Lien Series 2018 D
(A/A1) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
2,560,500 |
|
|
|
2,175,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
2,759,248 |
|
|
|
2,185,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
2,753,603 |
| Houston Independent School District Limited Tax GO Refunding Bonds Series 2017
(PSF-GTD) (AAA/Aaa) |
|
|
|
3,425,000 |
|
|
|
4.000 |
|
|
02/15/2042 |
|
3,965,602 |
| Justin Special Assessment RB for Timberbrook Public Improvement District No. 1
Major Improvement Area Project Series 2018
(NR/NR)(f) |
|
|
|
1,315,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
1,497,509 |
| Leander Independent School District School Building Capital Appreciation GO Bonds
Series 2014 C (PSF-GTD) (NR/NR)(d)(g) |
|
|
|
33,515,000 |
|
|
|
0.000 |
|
|
08/15/2024 |
|
11,869,056 |
| Lower Colorado River Authority LCRA Transmission Services Corp. Project RB
Refunding Series 2019 (A/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
2,633,360 |
|
|
|
1,520,000 |
|
|
|
5.000 |
|
|
05/15/2031 |
|
1,989,665 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Lower Neches Valley Authority Industrial Development Corp. RB Refunding for Exxon
Capital Ventures, Inc. Series 2012 (AA/Aa1)(b)(c) |
| $ |
|
|
13,215,000 |
|
|
|
0.070 |
% |
|
01/01/2021 |
|
$ 13,215,000 |
| Lubbock Independent School District GO Bonds Series 2019 (PSF-GTD)
(AAA/Aaa) |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
02/15/2040 |
|
1,493,488 |
| Matagorda County Texas Navigation District No. 1 PCRB Refunding for Central Power
& Light Co. Project Series 2001 A (A-/Baa2) |
|
|
|
6,350,000 |
|
|
|
2.600 |
|
|
11/01/2029 |
|
6,905,117 |
| Mission Economic Development Corp. Senior Lien RB for Natgasoline Project Series
2018 (AMT) (BB-/NR)(f) |
|
|
|
5,575,000 |
|
|
|
4.625 |
|
|
10/01/2031 |
|
5,926,894 |
| Mitchell County Hospital District GO Bonds Series 2020 (NR/NR) |
|
|
|
795,000 |
|
|
|
5.250 |
|
|
02/15/2030 |
|
873,634 |
|
|
|
405,000 |
|
|
|
5.375 |
|
|
02/15/2035 |
|
463,733 |
| Montgomery County Toll Road Authority Senior Lien RB Series 2018
(BBB-/NR) |
|
|
|
1,370,000 |
|
|
|
5.000 |
|
|
09/15/2032 |
|
1,546,730 |
|
|
|
710,000 |
|
|
|
5.000 |
|
|
09/15/2033 |
|
798,835 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
09/15/2034 |
|
842,445 |
|
|
|
790,000 |
|
|
|
5.000 |
|
|
09/15/2035 |
|
885,582 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for
Cityscape Schools, Inc. Series 2019 A (BB+/NR)(f) |
|
|
|
335,000 |
|
|
|
4.000 |
|
|
08/15/2029 |
|
364,798 |
|
|
|
610,000 |
|
|
|
5.000 |
|
|
08/15/2039 |
|
673,794 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for
Collegiate Housing Island Campus Project Series 2017 A (BB+/Ba1) |
|
|
|
765,000 |
|
|
|
5.000 |
|
|
04/01/2027 |
|
766,859 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for Station
I, LLC - Texas A&M University Collegiate Housing Corpus Christi Project Series 2014 A (B-/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/01/2039 |
|
893,000 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for Station
II, LLC - Texas A&M University Collegiate Housing Corpus Christi Project Series 2016 A (B/B2) |
|
|
|
645,000 |
|
|
|
4.000 |
|
|
04/01/2022 |
|
640,737 |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
04/01/2023 |
|
315,808 |
|
|
|
275,000 |
|
|
|
4.000 |
|
|
04/01/2024 |
|
269,505 |
|
|
|
365,000 |
|
|
|
4.000 |
|
|
04/01/2025 |
|
354,988 |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
04/01/2026 |
|
360,889 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for
Tarleton State University Collegiate Housing Project
Series 2015 A (NR/WR)(g) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
296,548 |
| North Texas Tollway Authority RB Convertible Capital Appreciation Special Project
System Series 2011 (AA/NR)(a)(g) |
|
|
|
1,000,000 |
|
|
|
0.000 |
|
|
09/01/2031 |
|
1,393,530 |
| North Texas Tollway Authority RB Refunding for First Tier Series 2017 A
(A+/A1) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
1,583,205 |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
01/01/2038 |
|
3,406,205 |
| North Texas Tollway Authority RB Refunding for Second Tier
Series 2017 B
(A/A2) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
01/01/2032 |
|
2,443,200 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
01/01/2048 |
|
1,760,370 |
| North Texas Tollway Authority RB Special Project System Series 2011 A (AA/NR)(g) |
|
|
|
1,000,000 |
|
|
|
5.500 |
|
|
09/01/2021 |
|
1,034,900 |
|
|
|
1,000,000 |
|
|
|
6.000 |
|
|
09/01/2021 |
|
1,038,110 |
| North Texas Tollway Authority System RB Refunding First Tier
Series 2016 A
(A+/A1) |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
575,784 |
| North Texas Tollway Authority System RB Refunding for Capital Appreciation First
Tier Series 2008 I (A+/A1) |
|
|
|
6,000,000 |
|
|
|
6.500 |
|
|
01/01/2043 |
|
7,180,500 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Pasadena Independent School District GO Bonds Series 2015 B
(PSF-GTD) (AAA/Aaa)(b)(c) |
| $ |
|
|
3,280,000 |
|
|
|
1.500 |
% |
|
08/15/2024 |
|
$ 3,409,658 |
| Port Beaumont Navigation District RB Refunding for Jefferson 2020 Bond Lessee &
Borrower LLC Obligated Group Series 2020 A (AMT) (NR/NR)(f) |
|
|
|
3,470,000 |
|
|
|
3.625 |
|
|
01/01/2035 |
|
3,498,870 |
| Port Beaumont Navigation District RB Refunding for Jefferson 2020 Bond Lessee &
Borrower LLC Obligated Group Series 2020 B (NR/NR)(f) |
|
|
|
3,690,000 |
|
|
|
6.000 |
|
|
01/01/2025 |
|
3,684,207 |
| Round Rock Independent School District GO Refunding Bonds
Series 2019 A
(PSF-GTD) (AAA/Aaa) |
|
|
|
4,630,000 |
|
|
|
4.000 |
|
|
08/01/2032 |
|
5,756,016 |
| Royse Special Assessment RB for Parkside Village Public Improvement District Series
2019 (NR/NR)(f) |
|
|
|
250,000 |
|
|
|
3.250 |
|
|
09/15/2024 |
|
256,240 |
|
|
|
355,000 |
|
|
|
3.625 |
|
|
09/15/2029 |
|
383,336 |
|
|
|
1,250,000 |
|
|
|
4.125 |
|
|
09/15/2039 |
|
1,352,263 |
| Southwest Houston Redevelopment Authority RB for City of Houston TX Reinvestment
Zone No. 20 Series 2020 (AGM) (AA/NR) |
|
|
|
285,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
350,316 |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
423,641 |
|
|
|
395,000 |
|
|
|
4.000 |
|
|
09/01/2032 |
|
464,587 |
|
|
|
395,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
459,555 |
|
|
|
615,000 |
|
|
|
4.000 |
|
|
09/01/2036 |
|
711,285 |
|
|
|
1,040,000 |
|
|
|
2.625 |
|
|
09/01/2038 |
|
1,050,400 |
|
|
|
1,230,000 |
|
|
|
2.750 |
|
|
09/01/2039 |
|
1,251,242 |
|
|
|
1,200,000 |
|
|
|
2.750 |
|
|
09/01/2040 |
|
1,217,316 |
| State of Texas College Student Loan GO Unlimited Bonds Series 2019 (AMT)
(AAA/Aaa) |
|
|
|
3,005,000 |
|
|
|
4.000 |
|
|
08/01/2025 |
|
3,496,047 |
|
|
|
5,905,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
7,362,295 |
|
|
|
4,590,000 |
|
|
|
5.000 |
|
|
08/01/2027 |
|
5,874,557 |
|
|
|
5,010,000 |
|
|
|
5.000 |
|
|
08/01/2028 |
|
6,557,639 |
|
|
|
6,835,000 |
|
|
|
5.000 |
|
|
08/01/2029 |
|
9,017,826 |
| Tarrant County Cultural Education Facilities Finance Corp. RB Refunding for Air
Force Village Obligated Group Series 2016 (BB+/NR) |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
05/15/2021 |
|
2,120,643 |
|
|
|
2,730,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
2,827,761 |
| Tarrant County Cultural Education Facilities Finance Corporation Christus Health
Obligation Group RB Series 2018 B (A+/A1) |
|
|
|
13,655,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
17,282,724 |
| Texas Municipal Gas Acquisition & Supply Corp. I RB Senior Lien Series 2006 B
(A-/A2)(e) |
|
|
|
(3 Mo. LIBOR + 0.70%), |
|
|
|
|
|
5,015,000 |
|
|
|
0.845 |
|
|
12/15/2026 |
|
4,995,592 |
| Texas Municipal Gas Acquisition & Supply Corp. I RB Senior Lien Series 2008 D
(A-/A2) |
|
|
|
4,250,000 |
|
|
|
6.250 |
|
|
12/15/2026 |
|
5,100,085 |
| Texas Municipal Gas Acquisition & Supply Corp. II RB Series 2007 B (A-/A2)(e) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.55%), |
|
|
|
|
|
2,795,000 |
|
|
|
0.640 |
|
|
09/15/2027 |
|
2,788,823 |
| Texas Private Activity Bonds Surface Transportation Corp. RB Refunding for NTE
Mobility Partners LLC Series 2019 A (BBB/Baa2) |
|
|
|
7,200,000 |
|
|
|
5.000 |
|
|
12/31/2030 |
|
9,379,224 |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
12/31/2031 |
|
12,963,200 |
|
|
|
3,040,000 |
|
|
|
5.000 |
|
|
12/31/2032 |
|
3,912,784 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
12/31/2033 |
|
5,132,240 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
12/31/2034 |
|
6,400,800 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
12/31/2035 |
|
5,103,360 |
|
|
|
4,030,000 |
|
|
|
5.000 |
|
|
12/31/2036 |
|
5,127,651 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Texas Private Activity Bonds Surface Transportation Corp. RB Senior Lien for
Blueridge Transportation Group, LLC SH 288 Toll Lanes Project Series 2016 (AMT) (BBB-/Baa3) |
| $ |
|
|
9,840,000 |
|
|
|
5.000 |
% |
|
12/31/2055 |
|
$ 10,839,154 |
| Texas Private Activity Bonds Surface Transportation Corp. RB Senior Lien for
Mobility Partners Segment 3 LLC Series 2019 (AMT) (BBB-/Baa3) |
|
|
|
7,215,000 |
|
|
|
5.000 |
|
|
06/30/2058 |
|
8,641,117 |
| Texas Transportation Commission Central Turnpike System RB Refunding Second Tier
Series 2015 C (A-/Baa1) |
|
|
|
1,380,000 |
|
|
|
5.000 |
|
|
08/15/2042 |
|
1,552,597 |
| Town of Little Special Assessment RB for Hillstone Pointe Public Improvement
District No. 2 Phases 2-3 Project Series 2018 (NR/NR)(f) |
|
|
|
135,000 |
|
|
|
4.750 |
|
|
09/01/2023 |
|
141,242 |
|
|
|
360,000 |
|
|
|
5.250 |
|
|
09/01/2028 |
|
418,385 |
| Town of Little Special Assessment RB for Lakeside Estates Public Improvement
District No. 2 Project Series 2017 (NR/NR)(f) |
|
|
|
265,000 |
|
|
|
4.500 |
|
|
09/01/2027 |
|
287,043 |
| United Independent School District GO Refunding Bonds Series 2020 (PSF-GTD)
(AAA/Aaa)(d) |
|
|
|
500,000 |
|
|
|
0.000 |
|
|
08/15/2026 |
|
480,545 |
| University Houston Consolidated RB Refunding Series 2017 C (AA/Aa2) |
|
|
|
8,500,000 |
|
|
|
3.250 |
|
|
02/15/2041 |
|
9,147,360 |
| University of Texas System Revenue Financing System RB Refunding Series 2017 C
(AAA/Aaa) |
|
|
|
5,865,000 |
|
|
|
5.000 |
|
|
08/15/2026 |
|
7,387,378 |
| Viridian Municipal Management District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
315,000 |
|
|
|
2.375 |
|
|
12/01/2025 |
|
318,598 |
|
|
|
308,000 |
|
|
|
2.875 |
|
|
12/01/2030 |
|
314,440 |
| Viridian Municipal Management District Tarrant County Special Assessment RB Series
2018 (NR/NR) |
|
|
|
261,000 |
|
|
|
4.000 |
|
|
12/01/2023 |
|
272,737 |
|
|
|
520,000 |
|
|
|
4.250 |
|
|
12/01/2029 |
|
549,801 |
|
|
|
1,159,000 |
|
|
|
4.625 |
|
|
12/01/2035 |
|
1,221,656 |
|
|
|
1,604,000 |
|
|
|
5.000 |
|
|
12/01/2045 |
|
1,691,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
657,299,197 |
| |
| Utah – 0.7% |
| Jordan School District GO School Building Bonds Series 2019 B (SCH BD GTY)
(AAA/Aaa) |
|
|
|
1,625,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
1,738,669 |
|
|
|
2,175,000 |
|
|
|
5.000 |
|
|
06/15/2023 |
|
2,430,149 |
|
|
|
2,355,000 |
|
|
|
5.000 |
|
|
06/15/2024 |
|
2,742,421 |
|
|
|
2,400,000 |
|
|
|
5.000 |
|
|
06/15/2025 |
|
2,907,312 |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
06/15/2027 |
|
3,551,928 |
| Medical School Campus Public Infrastructure District GO Bonds
Series 2020 A
(NR/NR)(f) |
|
|
|
3,875,000 |
|
|
|
5.250 |
|
|
02/01/2040 |
|
3,936,070 |
| Salt Lake City Corporation Airport RB Series 2018 A (AMT) (A/A2) |
|
|
|
18,635,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
22,729,110 |
| Salt Lake City RB for International Airport Series 2017 A (AMT)
(A/A2) |
|
|
|
2,650,000 |
|
|
|
5.000 |
|
|
07/01/2047 |
|
3,144,066 |
| Salt Lake City RB for International Airport Series 2018 A (AMT)
(A/A2) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
6,274,550 |
|
|
|
5,500,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
6,865,925 |
| Utah Charter School Finance Authority RB Refunding for Summit Academy, Inc. Series
2019 A (AA/NR) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
04/15/2039 |
|
863,233 |
|
|
|
625,000 |
|
|
|
5.000 |
|
|
04/15/2044 |
|
760,969 |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
04/15/2049 |
|
1,388,383 |
| Utah Transit Authority Sales Tax RB Refunding Subordinate
Series 2015 A
(AA/Aa2) |
|
|
|
3,065,000 |
|
|
|
4.000 |
|
|
06/15/2034 |
|
3,448,799 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62,781,584 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Vermont – 0.0% |
| Vermont Economic Development Authority RB Refunding for Wake Robin Corp. Series
2017 A (NR/NR) |
| $ |
|
|
745,000 |
|
|
|
5.000 |
% |
|
05/01/2025 |
|
$ 793,432 |
|
|
|
585,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
629,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,422,442 |
| |
| Virgin Islands – 0.1% |
| Virgin Islands Public Finance Authority RB Matching Fund Loan Note Senior Lien
Series 2010 A (NR/Caa2) |
|
|
|
1,410,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
1,410,056 |
| Virgin Islands Public Finance Authority RB Matching Fund Loan Note Series 2012 A
(NR/Caa2) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
699,545 |
| Virgin Islands Public Finance Authority RB Refunding for Virgin Islands Gross
Receipts Taxes Loan Note Series 2014 C (B/NR) |
|
|
|
4,700,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
4,280,901 |
| Virgin Islands Public Finance Authority RB Series 2014 A (AGM-CR) (AA/A2)(f) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
5,606,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,997,052 |
| |
| Virginia – 1.6% |
| Chesapeake Bay Bridge & Tunnel District RB First Tier General Resolution
Anticipation Notes Series 2019 (BBB/Baa2) |
|
|
|
19,500,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
21,794,565 |
| Chesapeake Economic Development Authority RB Refunding for Virginia Electric &
Power Co. Series 2008 A (BBB+/A2)(b)(c) |
|
|
|
1,700,000 |
|
|
|
1.900 |
|
|
06/01/2023 |
|
1,761,557 |
| County of Arlington GO Bonds for Public Improvement Series 2019
(AAA/Aaa) |
|
|
|
6,990,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
9,456,352 |
| Fairfax County Economic Development Authority Residential Care Facilities Mortgage
RB Refunding for Goodwin House Incorporated Series 2016 A (BBB+/NR) |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
10/01/2042 |
|
1,303,337 |
| Farmville Industrial Development Authority RB Refunding for Longwood Housing
Foundation LLC Series 2020 A (BBB-/NR) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
3,446,490 |
| Louisa Industrial Development Authority Pollution Control RB Refunding Virginia
Electric & Power Co. Series 2008 A
(BBB+/A2)(b)(c) |
|
|
|
1,000,000 |
|
|
|
1.900 |
|
|
06/01/2023 |
|
1,037,010 |
| Louisa Industrial Development Authority Pollution Control RB Refunding Virginia
Electric & Power Co. Series 2008 C
(BBB+/A2)(b)(c) |
|
|
|
1,850,000 |
|
|
|
1.800 |
|
|
04/01/2022 |
|
1,880,821 |
| Peninsula Ports Authority RB Refunding for Dominion Terminal Associates Series 2003
(BBB/Baa2)(b)(c) |
|
|
|
2,250,000 |
|
|
|
1.700 |
|
|
10/01/2022 |
|
2,284,380 |
| Salem Economic Development Authority RB Refunding for Roanoke College Series 2020
(BBB+/NR) |
|
|
|
305,000 |
|
|
|
5.000 |
|
|
04/01/2026 |
|
350,353 |
|
|
|
305,000 |
|
|
|
5.000 |
|
|
04/01/2027 |
|
356,319 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
04/01/2028 |
|
414,067 |
|
|
|
405,000 |
|
|
|
5.000 |
|
|
04/01/2029 |
|
483,720 |
|
|
|
305,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
366,747 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
04/01/2031 |
|
775,567 |
|
|
|
265,000 |
|
|
|
5.000 |
|
|
04/01/2032 |
|
314,046 |
|
|
|
570,000 |
|
|
|
5.000 |
|
|
04/01/2033 |
|
671,084 |
|
|
|
345,000 |
|
|
|
5.000 |
|
|
04/01/2034 |
|
404,533 |
|
|
|
775,000 |
|
|
|
5.000 |
|
|
04/01/2035 |
|
906,921 |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
04/01/2036 |
|
437,003 |
|
|
|
905,000 |
|
|
|
5.000 |
|
|
04/01/2037 |
|
1,050,361 |
|
|
|
410,000 |
|
|
|
4.000 |
|
|
04/01/2039 |
|
433,481 |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
04/01/2040 |
|
279,771 |
| Tobacco Settlement Financing Corp. RB for Capital Appreciation Subseries 2007 A-1
(B-/B3) |
|
|
|
9,355,000 |
|
|
|
6.706 |
|
|
06/01/2046 |
|
9,787,856 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Virginia – (continued) |
| Tobacco Settlement Financing Corp. RB for Capital Appreciation Subseries 2007 C
(CCC-/NR)(d) |
| $ |
|
|
122,865,000 |
|
|
|
0.000 |
% |
|
06/01/2047 |
|
$ 27,927,214 |
| Tobacco Settlement Financing Corp. RB for Capital Appreciation Subseries 2007 D
(CCC-/NR)(d) |
|
|
|
13,500,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
3,006,180 |
| Virginia Commonwealth Transportation Board RB Capital Project
Series 2012
(AA+/Aa1) |
|
|
|
760,000 |
|
|
|
4.000 |
|
|
05/15/2037 |
|
792,741 |
| Virginia Housing Development Authority RB for Rental Housing
Series 2019 E
(AA+/Aa1) |
|
|
|
4,345,000 |
|
|
|
1.400 |
|
|
12/01/2023 |
|
4,346,477 |
| Virginia Port Authority Port Facilities RB Refunding Series 2015 A (AMT) (A/WR)(g) |
|
|
|
4,750,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
5,702,328 |
| Virginia Small Business Financing Authority Private Activity Tax Exempt Senior Lien
RB for Transform 66 P3 Project Series 2017 (AMT) (BBB/Baa3) |
|
|
|
2,580,000 |
|
|
|
5.000 |
|
|
12/31/2047 |
|
3,009,338 |
|
|
|
4,950,000 |
|
|
|
5.000 |
|
|
12/31/2049 |
|
5,767,245 |
|
|
|
2,835,000 |
|
|
|
5.000 |
|
|
12/31/2056 |
|
3,288,203 |
| Virginia Small Business Financing Authority Senior Lien RB for 95 Express Lanes LLC
Project Series 2017 (AMT) (BBB-/NR) |
|
|
|
17,500,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
18,167,625 |
| Virginia Small Business Financing Authority Senior Lien RB for 95 Express Lanes LLC
Project Series 2019 (AMT) (BBB-/NR) |
|
|
|
1,265,000 |
|
|
|
5.000 |
|
|
01/01/2044 |
|
1,312,754 |
|
|
|
355,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
368,291 |
| Virginia Small Business Financing Authority Senior Lien RB for Elizabeth River
Crossings Opco, LLC Project Series 2012 (BBB-/NR) |
|
|
|
750,000 |
|
|
|
5.500 |
|
|
01/01/2042 |
|
785,468 |
| Virginia Small Business Financing Authority Solid Waste Disposal Facilities RB for
Covanta Holding Corp. Project Series 2018 (AMT) (B/NR)(b)(c)(f) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
07/01/2038 |
|
310,926 |
| York County Economic Development Authority Pollution Control RB Refunding for
Virginia Electric & Power Co. Project Series 2009 A (BBB+/A2)(b)(c) |
|
|
|
3,200,000 |
|
|
|
1.900 |
|
|
06/01/2023 |
|
3,316,256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
138,097,387 |
| |
| Washington – 1.6% |
| City of Seattle Limited Tax GO Improvement & Refunding Bonds
Series 2015 A
(AAA/Aaa) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
06/01/2026 |
|
6,030,800 |
| City of Seattle RB for Municipal Light & Power Improvement
Series 2018 A
(AA/Aa2) |
|
|
|
3,340,000 |
|
|
|
4.000 |
|
|
01/01/2033 |
|
3,991,367 |
|
|
|
6,715,000 |
|
|
|
4.000 |
|
|
01/01/2034 |
|
7,998,774 |
|
|
|
11,655,000 |
|
|
|
4.000 |
|
|
01/01/2043 |
|
13,558,028 |
| City of Seattle RB Refunding for Drainage & Wastewater Series 2014
(AA+/Aa1) |
|
|
|
13,715,000 |
|
|
|
4.000 |
|
|
05/01/2044 |
|
14,928,092 |
| City of Seattle RB Refunding for Drainage & Wastewater Series 2017
(AA+/Aa1) |
|
|
|
6,555,000 |
|
|
|
4.000 |
|
|
07/01/2035 |
|
7,716,087 |
| King County Junior Lien Sewer RB Series 2012 (AA/Aa2)(b)(c) |
|
|
|
5,900,000 |
|
|
|
2.600 |
|
|
12/01/2021 |
|
5,922,538 |
| Port of Seattle Industrial Development Corp. RB Refunding for Delta Air Lines, Inc.
Series 2012 (AMT) (BB/NR) |
|
|
|
3,710,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
3,970,553 |
| Port of Seattle Intermediate Lien RB Series 2019 (AMT) (A+/A1) |
|
|
|
9,295,000 |
|
|
|
5.000 |
|
|
04/01/2038 |
|
11,520,595 |
| Port of Seattle Wash RB Refunding Series 2011 B (AMT) (AA-/Aa2) |
|
|
|
2,485,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
2,555,574 |
| State of Washington GO Bonds Various Purpose Series 2014 D
(AA+/Aaa) |
|
|
|
15,055,000 |
|
|
|
5.000 |
|
|
02/01/2026 |
|
17,231,652 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Washington – (continued) |
| University of Washington RB Refunding Series 2012 A (AA+/Aaa) |
| $ |
|
|
2,500,000 |
|
|
|
5.000 |
% |
|
07/01/2029 |
|
$ 2,661,125 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
985,000 |
|
|
|
5.000 |
|
|
08/01/2036 |
|
1,246,133 |
|
|
|
1,715,000 |
|
|
|
5.000 |
|
|
08/01/2037 |
|
2,163,353 |
|
|
|
1,715,000 |
|
|
|
5.000 |
|
|
08/01/2038 |
|
2,157,727 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 A-2 (BBB+/Baa1) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
1,650,090 |
|
|
|
2,930,000 |
|
|
|
5.000 |
|
|
08/01/2036 |
|
3,706,772 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2039 |
|
1,255,410 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 B-1
(BBB+/Baa1)(b)(c) |
|
|
|
5,400,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
6,113,772 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 B-2
(BBB+/Baa1)(b)(c) |
|
|
|
1,265,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
1,482,036 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 B-3
(BBB+/Baa1)(b)(c) |
|
|
|
4,310,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
5,208,635 |
| Washington Higher Education Facilities Authority RB for Seattle University Series
2020 (A/NR) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
05/01/2045 |
|
1,128,340 |
| Washington State Convention Center Public Facilities District RB
Series 2018
(BBB+/Baa1) |
| 320,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
389,382 |
| 6,825,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
7,969,962 |
| Washington State Housing Finance Commission Nonprofit
Housing RB for Presbyterian Retirement Communities Northwest Obligated Group Transforming Age Projects Series 2019 A (BB/NR)(f) |
|
|
|
745,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
820,424 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
1,526,938 |
| Washington State Motor Vehicle Fuel Tax GO Refunding Bonds
Series 2015 C (AMBAC)
(AA+/Aaa)(d) |
|
|
|
6,855,000 |
|
|
|
0.000 |
|
|
06/01/2028 |
|
6,398,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
141,302,822 |
| |
| West Virginia – 0.6% |
| County of Ohio Special District Excise Tax RB Refunding for Fort Henry Economic
Opportunity Development District The Highlands Project Series 2019 B (BBB-/NR) |
|
|
|
770,000 |
|
|
|
3.000 |
|
|
03/01/2035 |
|
752,267 |
|
|
|
2,165,000 |
|
|
|
3.000 |
|
|
03/01/2037 |
|
2,085,891 |
|
|
|
2,175,000 |
|
|
|
3.250 |
|
|
03/01/2041 |
|
2,099,832 |
| State of West Virginia GO Bonds for State Road Series 2019 A
(AA-/Aa2) |
|
|
|
6,145,000 |
|
|
|
5.000 |
|
|
06/01/2035 |
|
8,072,871 |
| State of West Virginia GO Bonds Series 2018 B (AA-/Aa2) |
|
|
|
8,740,000 |
|
|
|
5.000 |
|
|
06/01/2035 |
|
11,226,006 |
| West Virginia Economic Development Authority RB for Arch Resources, Inc. Series
2020 (AMT) (B/B2)(b)(c) |
|
|
|
1,575,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
1,634,881 |
| West Virginia Hospital Finance Authority RB Refunding for Cabell Huntington
Hospital Obligated Group Series 2018 A (BBB+/Baa1) |
|
|
|
770,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
950,396 |
|
|
|
910,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
1,117,744 |
|
|
|
1,095,000 |
|
|
|
5.000 |
|
|
01/01/2035 |
|
1,341,331 |
|
|
|
2,330,000 |
|
|
|
5.000 |
|
|
01/01/2036 |
|
2,845,466 |
| West Virginia Hospital Finance Authority RB Refunding for Charleston Area Medical
Center, Inc. Obligated Group Series 2019 A (NR/Baa1) |
|
|
|
2,325,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
2,891,533 |
|
|
|
2,645,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
3,271,785 |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
09/01/2031 |
|
2,585,709 |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
2,081,378 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| West Virginia – (continued) |
| West Virginia University RB Refunding Series 2020 A (AA-/Aa3) |
| $ |
|
|
10,125,000 |
|
|
|
1.549 |
% |
|
10/01/2025 |
|
$ 10,353,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,311,016 |
| |
| Wisconsin – 1.0% |
| Public Finance Authority Exempt Facilities RB Refunding for Celanese Project Series
2016 C (AMT) (BBB-/Baa3) |
|
|
|
1,000,000 |
|
|
|
4.300 |
|
|
11/01/2030 |
|
1,116,620 |
| Public Finance Authority RB for ACTS Retirement-Life Communities, Inc. Obligated
Group Series 2020 A (A-/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
11/15/2041 |
|
2,391,080 |
| Public Finance Authority RB for Beyond Boone LLC Series 2020 A (AGM)
(AA/A2) |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
07/01/2026 |
|
252,833 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
07/01/2027 |
|
256,925 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
07/01/2028 |
|
259,490 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
07/01/2029 |
|
257,761 |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
07/01/2030 |
|
304,996 |
|
|
|
355,000 |
|
|
|
4.000 |
|
|
07/01/2031 |
|
406,897 |
|
|
|
420,000 |
|
|
|
4.000 |
|
|
07/01/2032 |
|
477,477 |
|
|
|
175,000 |
|
|
|
4.000 |
|
|
07/01/2033 |
|
198,062 |
|
|
|
130,000 |
|
|
|
4.000 |
|
|
07/01/2034 |
|
146,402 |
|
|
|
155,000 |
|
|
|
4.000 |
|
|
07/01/2035 |
|
174,184 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
07/01/2036 |
|
246,492 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
07/01/2037 |
|
245,828 |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
07/01/2038 |
|
295,414 |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
07/01/2039 |
|
294,815 |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
294,214 |
| Public Finance Authority RB for Charter Day School Obligated Group Series 2020 A
(NR/Ba1)(f) |
|
|
|
885,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
1,000,740 |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
12/01/2045 |
|
2,157,461 |
| Public Finance Authority RB for Eno River Academy Holdings, Inc. Series 2020 A
(NR/Ba1)(f) |
|
|
|
470,000 |
|
|
|
4.000 |
|
|
06/15/2030 |
|
506,791 |
|
|
|
815,000 |
|
|
|
5.000 |
|
|
06/15/2040 |
|
913,273 |
| Public Finance Authority RB for Masonic & Eastern Star Home of NC, Inc.
Obligated Group Series 2020 A (NR/NR)(f) |
|
|
|
1,650,000 |
|
|
|
4.000 |
|
|
03/01/2030 |
|
1,732,632 |
| Public Finance Authority RB for Minnesota Medical University LLC Series 2019 A-1
(NR/NR)*(f) |
|
|
|
24,345 |
|
|
|
5.500 |
|
|
12/01/2048 |
|
12,172 |
| Public Finance Authority RB for Minnesota Medical University LLC Series 2019 A-2
(NR/NR)*(f) |
|
|
|
51,733 |
|
|
|
7.250 |
|
|
12/01/2048 |
|
25,866 |
| Public Finance Authority RB for Prime Healthcare Foundation, Inc.
Series 2018 A
(BBB-/NR) |
|
|
|
500,000 |
|
|
|
5.200 |
|
|
12/01/2037 |
|
575,185 |
| Public Finance Authority RB for Roseman University of Health Sciences Series 2020
(BB/NR)(f) |
|
|
|
425,000 |
|
|
|
3.000 |
|
|
04/01/2025 |
|
433,649 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
590,225 |
|
|
|
510,000 |
|
|
|
5.000 |
|
|
04/01/2040 |
|
578,967 |
| Public Finance Authority RB for WFCS Holdings LLC Series 2020 A-1 (NR/NR)(f) |
|
|
|
1,180,000 |
|
|
|
4.500 |
|
|
01/01/2035 |
|
1,192,720 |
| |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Wisconsin – (continued) |
| Public Finance Authority RB Refunding for Blue Ridge Healthcare Obligated Group
Series 2020 A (A/A3) |
| $ |
|
|
790,000 |
|
|
|
5.000 |
% |
|
01/01/2026 |
|
$ 951,176 |
|
|
|
635,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
796,766 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
959,183 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
1,301,760 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
01/01/2032 |
|
1,805,286 |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
1,217,235 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
01/01/2036 |
|
1,143,090 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
632,850 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
1,762,404 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
628,200 |
| Public Finance Authority RB Refunding for Coral Academy of Science Reno Series 2019
A (NR/NR)(f) |
|
|
|
370,000 |
|
|
|
5.000 |
|
|
06/01/2029 |
|
408,062 |
|
|
|
710,000 |
|
|
|
5.000 |
|
|
06/01/2039 |
|
753,452 |
| Public Finance Authority RB Refunding for Fellowship Senior Living Obligated Group
Series 2019 A (BBB+/NR) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
01/01/2030 |
|
1,073,380 |
|
|
|
8,955,000 |
|
|
|
4.000 |
|
|
01/01/2046 |
|
8,995,298 |
| Public Finance Authority RB Refunding for Penick Village Obligated Group Series
2019 (NR/NR)(f) |
|
|
|
580,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
582,082 |
|
|
|
770,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
803,218 |
| Public Finance Authority RB Refunding for Renown Regional Medical Center Series
2020 B (AGM) (AA/NR) |
|
|
|
5,000,000 |
|
|
|
3.090 |
|
|
06/01/2050 |
|
5,055,900 |
| Public Finance Authority RB Refunding for UMA Education, Inc. Project Series 2019 B
(BB/NR)(f) |
|
|
|
2,770,000 |
|
|
|
6.125 |
|
|
10/01/2049 |
|
2,797,839 |
| Public Finance Authority RB Refunding for Waste Management, Inc. Project Series
2016 A-2 (AMT) (A-/NR) |
|
|
|
2,000,000 |
|
|
|
2.875 |
|
|
05/01/2027 |
|
2,192,780 |
| Public Finance Authority Retirement Communities RB Refunding for The Evergreens
Obligated Group Series 2019 A (BBB/NR) |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
11/15/2044 |
|
469,863 |
|
|
|
570,000 |
|
|
|
5.000 |
|
|
11/15/2049 |
|
627,599 |
| Public Finance Authority Senior Airport Facilities RB Refunding for Transportation
Infrastructure Properties LLC Obligated Group
Series 2012 B (AMT) (BBB+/NR) |
|
|
|
6,000,000 |
|
|
|
5.250 |
|
|
07/01/2028 |
|
6,288,180 |
| Public Finance Authority Tax Increment Reinvestment Zone No. 11 Tax Allocation
Series 2019 (NR/Baa3)(d) |
|
|
|
13,850,000 |
|
|
|
0.000 |
|
|
12/15/2027 |
|
10,449,271 |
| Public Finance Authority Waste Management Inc. Project RB Refunding Series 2016 A-3
(AMT) (A-/NR)(b)(c) |
|
|
|
10,000,000 |
|
|
|
2.000 |
|
|
06/01/2021 |
|
10,054,600 |
| Wisconsin Health & Educational Facilities Authority RB for Hmong American Peace
Academy Ltd. Series 2020 (BBB/NR) |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
03/15/2030 |
|
396,256 |
|
|
|
345,000 |
|
|
|
4.000 |
|
|
03/15/2040 |
|
384,468 |
| Wisconsin Health & Educational Facilities Authority RB Refunding for Lawrence
University of Wisconsin Series 2020 (NR/Baa1) |
|
|
|
1,185,000 |
|
|
|
3.000 |
|
|
02/01/2042 |
|
1,213,167 |
|
|
|
390,000 |
|
|
|
4.000 |
|
|
02/01/2045 |
|
422,612 |
| Wisconsin State Health & Educational Facilities Authority RB for Saint
John’s Communities, Inc. Project Series 2018 A (BBB-/NR) |
|
|
|
275,000 |
|
|
|
4.000 |
|
|
09/15/2021 |
|
279,092 |
|
|
|
225,000 |
|
|
|
4.000 |
|
|
09/15/2022 |
|
232,837 |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
09/15/2023 |
|
263,247 |
|
|
|
365,000 |
|
|
|
4.000 |
|
|
09/15/2024 |
|
383,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
82,664,078 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Wyoming – 0.3% |
| County of Campbell RB Refunding for Basin Electric Power Cooperative Series 2019 A
(A/A3) |
| $ |
|
|
22,700,000 |
|
|
|
3.625 |
% |
|
07/15/2039 |
|
$ 24,896,452 |
| |
| TOTAL MUNICIPAL BONDS (Cost
$7,923,934,138) |
|
$8,462,155,389 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate Bonds – 0.2% |
| Consumer Services – 0.1% |
| Howard University Series 2020 |
| $ |
|
|
1,250,000 |
|
|
|
2.516 |
% |
|
10/01/2025 |
|
$ 1,301,482 |
|
|
|
1,840,000 |
|
|
|
2.657 |
|
|
10/01/2026 |
|
1,904,569 |
|
|
|
1,500,000 |
|
|
|
2.757 |
|
|
10/01/2027 |
|
1,591,767 |
|
|
|
1,545,000 |
|
|
|
2.845 |
|
|
10/01/2028 |
|
1,589,966 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,387,784 |
| |
| Health Care Equipment & Services – 0.1% |
| CommonSpirit Health |
|
|
|
470,000 |
|
|
|
4.350 |
|
|
11/01/2042 |
|
550,703 |
| Prime Healthcare Foundation, Inc. Series B |
|
|
|
4,975,000 |
|
|
|
7.000 |
|
|
12/01/2027 |
|
5,995,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,545,754 |
| |
| Real Estate(i) –
0.0% |
| Benloch Ranch Improvement Association No. 1 Series 2020 |
|
|
|
5,825,000 |
|
|
|
9.750 |
|
|
12/01/2039 |
|
5,730,460 |
| |
| TOTAL CORPORATE BONDS (Cost
$17,291,294) |
|
$ 18,663,998 |
| |
| TOTAL INVESTMENTS – 98.0% (Cost
$7,941,225,432) |
|
$8,480,819,387 |
| |
| OTHER ASSETS IN EXCESS OF
LIABILITIES – 2.0% |
|
171,657,108 |
| |
| NET ASSETS – 100.0% |
|
$8,652,476,495 |
| |
|
|
|
|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
|
|
| * |
|
Security is currently in default and/or non-income producing. |
|
|
| (a) |
|
Zero coupon bond until next reset date. |
|
|
| (b) |
|
Security with “Put” features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on December 31, 2020. |
|
|
| (c) |
|
Variable Rate Demand Instruments – rate shown is that which is in effect on December 31, 2020. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent
and are based on current market conditions. |
|
|
| (d) |
|
Issued with a zero coupon. Income is recognized through the accretion of discount. |
|
|
| (e) |
|
Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on December 31,
2020. |
|
|
| (f) |
|
Exempt from registration under Rule 144A of the Securities Act of 1933. |
|
|
| (g) |
|
Pre-refunded security. Maturity date disclosed is pre-refunding date. |
|
|
| (h) |
|
When-issued security. |
|
|
| (i) |
|
Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
Security ratings disclosed, if any, are issued by either Standard & Poor’s, Moody’s Investor
Service or Fitch and are unaudited. A brief description of the ratings is available in the Fund’s Statement of Additional Information.
|
|
|
| |
| Investment Abbreviations: |
| AGC |
|
— Insured by Assured Guaranty Corp. |
| AGC-ICC |
|
— Agency Insured Custody Certificate |
| AGM |
|
— Insured by Assured Guaranty Municipal Corp. |
| AGM-CR |
|
— Insured by Assured Guaranty Municipal Corp. Insured Custodial
Receipts |
| AMBAC |
|
— Insured by American Municipal Bond Assurance Corp. |
| AMT |
|
— Alternative Minimum Tax |
| ASSURED GTY |
|
— Insured by Assured Guaranty |
| BAM |
|
— Build America Mutual Assurance Co. |
| BHAC-CR |
|
— Insured by Berkshire Hathaway Assurance Corp. - Insured Custodial
Receipts |
| COPS |
|
— Certificates of Participation |
| ETM |
|
— Escrowed to Maturity |
| FGIC |
|
— Insured by Financial Guaranty Insurance Co. |
| GARB |
|
— General Airport Revenue Bond |
| GO |
|
— General Obligation |
| IDA |
|
— Industrial Development Authority |
| LIBOR |
|
— London Interbank Offered Rate |
| Mo. |
|
— Month |
| MUN GOVT GTD |
|
— Municipal Government Guaranteed |
| NATL-RE |
|
— Insured by National Public Finance Guarantee Corp. |
| NATL-RE-IBC |
|
— Insured by National Public Finance Guarantee Corp. - Insured Bond
Certificates |
| NR |
|
— Not Rated |
| PCRB |
|
— Pollution Control Revenue Bond |
| PSF-GTD |
|
— Guaranteed by Permanent School Fund |
| Q-SBLF |
|
— Qualified School Board Loan Fund |
| RB |
|
— Revenue Bond |
| RMKT |
|
— Remarketed |
| SCH BD GTY |
|
— School Bond Guaranty |
| SCH BD RES FD |
|
— School Bond Reserve Fund |
| SCSDE |
|
— South Carolina State Department of Education |
| SD CRED PROG |
|
— School District Credit Program |
| SIFMA |
|
— The Securities Industry and Financial Markets Association |
| ST AID WITHHLDG |
|
— State Aid Withholding |
| ST APPROP |
|
— State Appropriation |
| USD |
|
— United States Dollar |
| WR |
|
— Withdrawn Rating |
| |
|
| 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.GSAMFUNDS.com. |
GOLDMAN SACHS DYNAMIC MUNICIPAL INCOME FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION
SWAP CONTRACTS — At December 31, 2020, the Fund had the following swap contracts:
OVER THE COUNTER CREDIT DEFAULT SWAP CONTRACTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference
Obligation/Index(a) |
|
Financing Rate
Received (Paid) by
the Fund |
|
|
Credit
Spread at
December 31,
2020(b) |
|
|
Counterparty |
|
|
Termination
Date |
|
|
Notional
Amount
(000’s) |
|
|
Value |
|
|
Upfront
Premium
(Received)
Paid |
|
|
Unrealized
Appreciation/
(Depreciation) |
|
| |
|
| Protection Sold: |
|
| California State Various Purpose GO Bonds Series 2003, 5.000%, 11/01/2023 |
|
|
1.000% |
|
|
|
0.302% |
|
|
|
Bank of America NA |
|
|
|
03/20/2023 |
|
|
|
USD 1,000 |
|
|
$ |
15,773 |
|
|
$ |
(10,984 |
) |
|
$ |
26,757 |
|
| California State Various Purpose GO Bonds Series 2003, 5.250%, 11/01/2023 |
|
|
1.000 |
|
|
|
0.302 |
|
|
|
JPMorgan Chase Bank NA |
|
|
|
03/20/2023 |
|
|
|
1,000 |
|
|
|
15,773 |
|
|
|
(10,985 |
) |
|
|
26,758 |
|
| |
|
| TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
31,546 |
|
|
$ |
(21,969 |
) |
|
$ |
53,515 |
|
| |
|
| (a) |
|
Payments received quarterly. |
| (b) |
|
Credit spread on the referenced obligation, together with the period of expiration, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its counterparty
to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and term of the swap contract increase. |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – 97.5% |
| Alabama – 1.8% |
| Central Etowah County Solid Waste Disposal Authority RB for Evergreen Environmental
Partners LLC Series 2020 A (NR/NR)(a) |
| $ |
|
|
5,720,000 |
|
|
|
6.000 |
% |
|
07/01/2045 |
|
$ 5,858,367 |
| Central Etowah County Solid Waste Disposal Authority RB for Evergreen Environmental
Partners LLC Series 2020 B (NR/NR)(a) |
|
|
|
2,880,000 |
|
|
|
8.000 |
|
|
07/01/2028 |
|
2,892,787 |
| Hoover Industrial Development Board RB for United States Steel Corp. Series 2019
(AMT) (B-/Caa2) |
|
|
|
19,150,000 |
|
|
|
5.750 |
|
|
10/01/2049 |
|
18,693,656 |
| Houston County Health Care Authority RB for Southeast Alabama Medical Center Series
2016 A (BBB+/NR) |
|
|
|
2,625,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
3,060,383 |
| Jefferson County Senior Lien Sewer RB Warrants Series 2013 A (AGM)
(AA/A2) |
|
|
|
2,205,000 |
|
|
|
5.500 |
|
|
10/01/2053 |
|
2,460,714 |
| Jefferson County Senior Lien Sewer RB Warrants Series 2013 C (AGM) (AA/A2)(b) |
|
|
|
5,750,000 |
|
|
|
0.000 |
|
|
10/01/2038 |
|
5,760,752 |
|
|
|
6,000,000 |
|
|
|
0.000 |
|
|
10/01/2042 |
|
5,987,160 |
| Jefferson County Subordinate Lien Sewer RB Warrants Series 2013 D
(BBB/NR) |
|
|
|
8,300,000 |
|
|
|
6.000 |
|
|
10/01/2042 |
|
9,672,322 |
|
|
|
19,850,000 |
|
|
|
7.000 |
|
|
10/01/2051 |
|
23,635,395 |
|
|
|
81,815,000 |
|
|
|
6.500 |
|
|
10/01/2053 |
|
96,325,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
174,347,244 |
| |
| Alaska – 0.1% |
| Northern Tobacco Securitization Corp. RB Refunding Asset-Backed Bonds Series 2006 A
(NR/B3) |
|
|
|
6,280,000 |
|
|
|
5.000 |
|
|
06/01/2046 |
|
6,372,818 |
| Northern Tobacco Securitization Corp. RB Refunding Capital Appreciation
Asset-Backed Bonds 1st Subordinate Series 2006 B (NR/NR)(c) |
|
|
|
6,780,000 |
|
|
|
0.000 |
|
|
06/01/2046 |
|
1,308,947 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,681,765 |
| |
| Arizona – 1.9% |
| Apache County IDA PCRB for Tucson Electric Power Company
Series 2012 A (A-/A3) |
|
|
|
4,500,000 |
|
|
|
4.500 |
|
|
03/01/2030 |
|
4,656,960 |
| Arizona Health Facilities Authority Hospital RB for Banner Health Series 2007 B (AA-/NR)(d) |
| (3 Mo. LIBOR + 0.81%), |
|
|
|
|
|
63,640,000 |
|
|
|
0.961 |
|
|
01/01/2037 |
|
59,981,336 |
| Arizona Industrial Development Authority RB for Candeo Schools Obligated Group
Project Series 2020 A (SD CRED PROG) (AA-/NR) |
|
|
|
665,000 |
|
|
|
4.000 |
|
|
07/01/2047 |
|
728,966 |
| Arizona Industrial Development Authority RB for Equitable School Revolving Fund LLC
Obligated Group Series 2019 A (A/NR) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
11/01/2049 |
|
1,696,230 |
| Arizona Industrial Development Authority RB for Equitable School Revolving Fund LLC
Obligated Group Series 2020 A (A/NR) |
|
|
|
1,975,000 |
|
|
|
4.000 |
|
|
11/01/2045 |
|
2,302,929 |
|
|
|
2,350,000 |
|
|
|
4.000 |
|
|
11/01/2050 |
|
2,723,697 |
| Arizona Industrial Development Authority RB for Great Lakes Senior Living
Communities LLC Project First Tier Series 2019 A (BB+/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2043 |
|
900,150 |
|
|
|
5,250,000 |
|
|
|
4.500 |
|
|
01/01/2049 |
|
4,242,788 |
|
|
|
3,300,000 |
|
|
|
5.000 |
|
|
01/01/2054 |
|
2,866,248 |
| Arizona Industrial Development Authority RB for Great Lakes Senior Living
Communities LLC Project Second Tier Series 2019 B (BB/NR) |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
238,799 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
01/01/2038 |
|
171,994 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
01/01/2043 |
|
532,812 |
|
|
|
3,450,000 |
|
|
|
5.000 |
|
|
01/01/2049 |
|
2,727,501 |
|
|
|
1,100,000 |
|
|
|
5.125 |
|
|
01/01/2054 |
|
863,621 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Arizona – (continued) |
| Arizona Industrial Development Authority RB for Provident Group - EMU Properties
LLC Series 2018 (NR/Baa2) |
| $ |
|
|
1,000,000 |
|
|
|
5.000 |
% |
|
05/01/2038 |
|
$ 1,042,520 |
|
|
|
2,780,000 |
|
|
|
5.000 |
|
|
05/01/2043 |
|
2,896,009 |
|
|
|
3,450,000 |
|
|
|
5.000 |
|
|
05/01/2048 |
|
3,586,034 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
05/01/2051 |
|
2,069,500 |
| Arizona Industrial Development Authority RB Refunding for Pinecrest Academy of
Nevada Series 2020 A-1 (BB+/NR)(a) |
|
|
|
10,845,000 |
|
|
|
5.000 |
|
|
07/15/2053 |
|
12,026,780 |
| City of Phoenix Civic Improvement Corporation RB for Junior Lien Airport Series
2019 A (A/A1) |
|
|
|
1,625,000 |
|
|
|
3.000 |
|
|
07/01/2049 |
|
1,705,113 |
| City of Phoenix Civic Improvement Corporation RB for Junior Lien Airport Series
2019 B (AMT) (A/A1) |
|
|
|
1,085,000 |
|
|
|
4.000 |
|
|
07/01/2044 |
|
1,229,273 |
|
|
|
3,540,000 |
|
|
|
5.000 |
|
|
07/01/2044 |
|
4,337,774 |
|
|
|
2,710,000 |
|
|
|
3.250 |
|
|
07/01/2049 |
|
2,846,394 |
|
|
|
1,625,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
1,974,749 |
| City of Tempe IDA RB Refunding for Friendship Village Series 2012 A
(NR/NR) |
|
|
|
1,250,000 |
|
|
|
6.250 |
|
|
12/01/2042 |
|
1,276,725 |
|
|
|
1,325,000 |
|
|
|
6.250 |
|
|
12/01/2046 |
|
1,352,149 |
| Estrella Mountain Ranch Community Facilities District Lucero Assessment District
No. 1 Special Assessment RB Series 2019 (NR/NR) |
|
|
|
635,000 |
|
|
|
3.500 |
|
|
07/01/2029 |
|
648,278 |
|
|
|
600,000 |
|
|
|
4.100 |
|
|
07/01/2034 |
|
608,118 |
|
|
|
1,909,000 |
|
|
|
4.750 |
|
|
07/01/2043 |
|
1,934,199 |
| Glendale Industrial Development Authority RB for People of Faith, Inc. Obligated
Group Series 2020 A (BBB-/NR) |
|
|
|
6,600,000 |
|
|
|
5.000 |
|
|
05/15/2056 |
|
7,288,908 |
| La Paz County Industrial Development Authority RB for American Fiber Optics LLC
Series 2018 A (NR/NR)(a) |
|
|
|
3,100,000 |
|
|
|
6.000 |
|
|
08/01/2028 |
|
3,115,159 |
|
|
|
16,130,000 |
|
|
|
6.250 |
|
|
08/01/2040 |
|
15,720,782 |
| Maricopa County Industrial Development Authority RB for Arizona Autism Charter
Schools Obligated Group Series 2020 A (BB/NR)(a) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2050 |
|
772,751 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2054 |
|
770,595 |
| Maricopa County Industrial Development Authority RB for Ottawa University Series
2020 (NR/NR)(a) |
|
|
|
1,885,000 |
|
|
|
5.250 |
|
|
10/01/2040 |
|
1,968,128 |
|
|
|
1,885,000 |
|
|
|
5.500 |
|
|
10/01/2051 |
|
1,962,719 |
| Maricopa County Industrial Development Authority RB Refunding for Legacy
Traditional School Obligated Group Series 2019 A (SD CRED PROG) (AA-/Ba2) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
1,812,525 |
|
|
|
1,650,000 |
|
|
|
5.000 |
|
|
07/01/2054 |
|
1,987,590 |
| Pima County IDA RB Refunding for Career Success Schools, Inc.
Series 2020
(NR/NR)(a) |
|
|
|
250,000 |
|
|
|
5.500 |
|
|
05/01/2040 |
|
262,625 |
|
|
|
950,000 |
|
|
|
5.750 |
|
|
05/01/2050 |
|
999,172 |
| Pima County IDA RB Refunding for Tucson Electric Power Co. Project Series 2012 A (A-/A3) |
|
|
|
5,350,000 |
|
|
|
4.500 |
|
|
06/01/2030 |
|
5,576,251 |
| Pima County IDA RB Refunding for Tucson Electric Power Co. Project Series 2013 A (A-/A3) |
|
|
|
3,390,000 |
|
|
|
4.000 |
|
|
09/01/2029 |
|
3,572,789 |
| Tempe Industrial Development Authority RB for Tempe Life Care Village Obligated
Group Series 2019 (NR/NR) |
|
|
|
1,520,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
1,551,190 |
|
|
|
1,900,000 |
|
|
|
5.000 |
|
|
12/01/2054 |
|
1,934,086 |
| The Industrial Development Authority of the City of Phoenix RB Refunding for
Downtown Phoenix Student Housing LLC Series 2018 (NR/Baa3) |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
938,068 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2042 |
|
1,089,790 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Arizona – (continued) |
| University Medical Center Corp. RB Series 2011 (NR/WR)(e) |
| $ |
|
|
3,500,000 |
|
|
|
6.000 |
% |
|
07/01/2021 |
|
$ 3,599,505 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
179,090,279 |
| |
| Arkansas – 0.1% |
| Arkansas Development Finance Authority RB for Baptist Health Obligated Group Series
2019 (A/NR) |
|
|
|
7,235,000 |
|
|
|
5.000 |
|
|
12/01/2047 |
|
8,873,872 |
|
|
|
5,370,000 |
|
|
|
3.200 |
|
|
12/01/2049 |
|
5,631,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,505,552 |
| |
| California – 11.7% |
| ABC Unified School District GO Bonds Series 2001 C
(NATL-RE) (AA-/Aa2)(c) |
|
|
|
1,600,000 |
|
|
|
0.000 |
|
|
08/01/2026 |
|
1,529,280 |
| Alameda County Oakland Unified School District GO Bonds Election of 2012 Series
2015 A (A-/A1) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
3,478,560 |
| Alhambra California Unified School District Election of 2008 GO Bonds Capital
Appreciation for Elementary Schools Improvement District Series 2011 B (AGM) (AA/Aa2)(c) |
|
|
|
4,995,000 |
|
|
|
0.000 |
|
|
08/01/2037 |
|
3,586,810 |
| Alvord Unified School District GO Bonds Capital Appreciation for 2007 Election
Series 2007 B (AGM) (AA/A2)(c) |
|
|
|
1,850,000 |
|
|
|
0.000 |
|
|
08/01/2036 |
|
1,249,601 |
| Atwater Wastewater RB Refunding Series 2017 A (AGM) (AA/NR) |
|
|
|
465,000 |
|
|
|
5.000 |
|
|
05/01/2040 |
|
561,627 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2043 |
|
1,199,790 |
| Beaumont Community Facilities District
No. 93-1 Special Tax for Improvement Area No 8F Series 2020 (NR/NR) |
|
|
|
2,750,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
3,005,887 |
| Calaveras Unified School District GO Bonds for Capital Appreciation Series 2000
(AGM) (AA/A2)(c) |
|
|
|
1,055,000 |
|
|
|
0.000 |
|
|
08/01/2025 |
|
1,015,311 |
| California Community College Financing Authority RB for NCCD-Orange Coast
Properties LLC Series 2018 (BB/NR) |
|
|
|
2,755,000 |
|
|
|
5.250 |
|
|
05/01/2048 |
|
2,813,544 |
|
|
|
2,850,000 |
|
|
|
5.250 |
|
|
05/01/2053 |
|
2,901,784 |
| California County Tobacco Securitization Agency RB Refunding for Gold Country
Settlement Funding Corp. Series 2020 B-2 (NR/NR)(c) |
|
|
|
12,620,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
3,121,052 |
| California County Tobacco Securitization Agency RB Refunding for Merced County
Tobacco Funding Corp. Series 2020 B (NR/NR) |
|
|
|
1,350,000 |
|
|
|
5.000 |
|
|
06/01/2050 |
|
1,562,301 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 B-1 (BBB-/NR) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
1,079,703 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 B-2 (NR/NR)(c) |
|
|
|
7,375,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
1,704,584 |
| California County Tobacco Securitization Agency RB Refunding
Series 2020 A
(BBB+/NR) |
|
|
|
875,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
1,016,208 |
| California County Tobacco Securitization Agency RB Refunding
Series 2020 B-1 (BBB-/NR) |
|
|
|
620,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
760,201 |
| California County Tobacco Securitization Agency RB Refunding
Series 2020 B-2 (NR/NR)(c) |
|
|
|
32,690,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
6,140,817 |
| California County Tobacco Securitization Agency Tobacco Settlement RB Capital
Appreciation Subordinate Series 2006 C (BB+/NR)(c) |
|
|
|
145,220,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
17,186,787 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California Enterprise Development Authority RB for Provident Group-SDSU Properties
LLC - M@College Project Series 2020 A (NR/Baa3) |
| $ |
|
|
565,000 |
|
|
|
5.000 |
% |
|
08/01/2050 |
|
$ 673,435 |
|
|
|
775,000 |
|
|
|
5.000 |
|
|
08/01/2055 |
|
916,569 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
08/01/2057 |
|
500,680 |
| California Health Facilities Financing Authority RB for El Camino Hospital Series
2017 (AA/A1) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
02/01/2042 |
|
1,807,215 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
02/01/2047 |
|
4,778,320 |
| California Health Facilities Financing Authority RB for Lucile Salter Packard
Children’s Hospital Series 2017 A (A+/A1) |
|
|
|
8,100,000 |
|
|
|
5.000 |
|
|
11/15/2056 |
|
9,815,499 |
| California Infrastructure & Economic Development Bank RB for WFCS Holdings
LLC Series 2020 A-1 (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2055 |
|
1,049,300 |
| California Municipal Finance Authority RB for
CHF-Riverside II LLC UCR North District Phase 1 Student Housing Project Series 2019 (NR/Baa3) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
05/15/2049 |
|
1,644,972 |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
05/15/2052 |
|
1,113,789 |
| California Municipal Finance Authority RB for Community Medical Centers Series 2017
A (A-/A3) |
|
|
|
1,800,000 |
|
|
|
5.000 |
|
|
02/01/2042 |
|
2,104,758 |
|
|
|
17,675,000 |
|
|
|
5.000 |
|
|
02/01/2047 |
|
20,492,925 |
| California Municipal Finance Authority RB for LAX Integrated Express Solutions LLC
Senior Lien Series 2018 A (AMT) (BBB-/NR) |
|
|
|
7,605,000 |
|
|
|
5.000 |
|
|
12/31/2043 |
|
8,982,266 |
| California Municipal Finance Authority RB for P3 Claremont Holdings LLC Series 2020
A (NR/NR)(a) |
|
|
|
1,135,000 |
|
|
|
5.000 |
|
|
07/01/2052 |
|
1,245,980 |
| California Municipal Finance Authority RB Refunding for California Lutheran
University Series 2018 (NR/Baa1) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
305,710 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2036 |
|
304,005 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
10/01/2037 |
|
364,116 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
10/01/2038 |
|
363,252 |
| California Municipal Finance Authority RB Refunding for Claremont Graduate
University Series 2020 B (NR/NR)(a) |
|
|
|
1,090,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
1,225,520 |
|
|
|
1,740,000 |
|
|
|
5.000 |
|
|
10/01/2054 |
|
1,949,165 |
| California Municipal Finance Authority Senior Lien RB for LAX Integrated Express
Solutions LLC Project Series 2018 A (AMT) (BBB-/NR) |
|
|
|
6,625,000 |
|
|
|
5.000 |
|
|
12/31/2037 |
|
7,932,576 |
| California Pollution Control Financing Authority RB for Mission Rock Utilities,
Inc. Series 2020 (NR/NR)(a) |
|
|
|
8,900,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
8,908,277 |
| California Pollution Control Financing Authority Solid Waste Disposal RB for Rialto
Bioenergy Facility LLC Project Series 2019 (AMT) (NR/NR)(a) |
|
|
|
7,550,000 |
|
|
|
6.750 |
|
|
12/01/2028 |
|
7,535,655 |
|
|
|
45,930,000 |
|
|
|
7.500 |
|
|
12/01/2040 |
|
46,223,493 |
| California Pollution Control Financing Authority Water Furnishing RB Refunding for
San Diego County Water Desalination Project
Series 2019 (BBB/Baa3)(a) |
|
|
|
15,850,000 |
|
|
|
5.000 |
|
|
11/21/2045 |
|
18,791,601 |
| California Public Finance Authority RB for Excelsior Charter School Project Series
2020 A (NR/NR)(a) |
|
|
|
1,540,000 |
|
|
|
5.000 |
|
|
06/15/2050 |
|
1,644,720 |
|
|
|
1,030,000 |
|
|
|
5.000 |
|
|
06/15/2055 |
|
1,097,012 |
| California School Finance Authority RB for Classical Academy Obligated Group Series
2020 A (BB+/NR)(a) |
|
|
|
3,300,000 |
|
|
|
5.000 |
|
|
10/01/2050 |
|
3,764,871 |
| California School Finance Authority RB for Fenton Charter Public Schools Series
2020 A (BB+/NR)(a) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2050 |
|
828,075 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2058 |
|
1,097,960 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California School Finance Authority RB for Lifeline Education Charter School, Inc.
Series 2020 A (BB+/NR)(a) |
| $ |
|
|
820,000 |
|
|
|
5.000 |
% |
|
07/01/2045 |
|
$ 915,858 |
|
|
|
1,240,000 |
|
|
|
5.000 |
|
|
07/01/2055 |
|
1,371,924 |
| California School Finance Authority RB for VSF School Facilities No. 1 LLC
Series 2020 A (BB+/NR)(a) |
|
|
|
2,420,000 |
|
|
|
5.000 |
|
|
07/01/2059 |
|
2,645,786 |
| California School Finance Authority RB for VSF School Facilities No. 1 LLC
Series 2020 B (BB+/NR) |
|
|
|
975,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
1,009,807 |
| California State Various Purpose GO Bonds Series 2020 (AA-/Aa2) |
|
|
|
20,000,000 |
|
|
|
3.000 |
|
|
11/01/2050 |
|
21,791,200 |
| California Statewide Communities Development Authority Community Facilities
District No. 2007-01 Special Tax Refunding for Orinda Wilder Project Series 2015 (NR/NR) |
|
|
|
1,335,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
1,509,364 |
|
|
|
1,425,000 |
|
|
|
5.000 |
|
|
09/01/2037 |
|
1,589,146 |
| California Statewide Communities Development Authority Community Facilities
District No. 2018-02 Special Tax for Improvement Area No. 1 Series 2020 (NR/NR)(a) |
|
|
|
2,880,000 |
|
|
|
7.250 |
|
|
09/01/2050 |
|
3,054,326 |
| California Statewide Communities Development Authority Infrastructure Program RB
for Pacific Highlands Ranch Series 2019 (NR/NR) |
|
|
|
850,000 |
|
|
|
4.000 |
|
|
09/02/2044 |
|
920,694 |
|
|
|
685,000 |
|
|
|
5.000 |
|
|
09/02/2049 |
|
797,895 |
| California Statewide Communities Development Authority Infrastructure Program
Special Assessment Bonds Series 2018 B (NR/NR) |
|
|
|
1,495,000 |
|
|
|
5.000 |
|
|
09/02/2038 |
|
1,781,801 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
09/02/2043 |
|
677,321 |
|
|
|
1,785,000 |
|
|
|
5.000 |
|
|
09/02/2048 |
|
2,080,650 |
| California Statewide Communities Development Authority Infrastructure Program
Special Assessment Bonds Series 2019 A (NR/NR) |
|
|
|
1,345,000 |
|
|
|
5.000 |
|
|
09/02/2039 |
|
1,613,731 |
|
|
|
895,000 |
|
|
|
5.000 |
|
|
09/02/2044 |
|
1,062,356 |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
09/02/2048 |
|
1,114,949 |
| California Statewide Communities Development Authority Infrastructure Program
Special Assessment Bonds Series 2019 B (NR/NR) |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
09/02/2039 |
|
1,121,114 |
|
|
|
1,080,000 |
|
|
|
5.000 |
|
|
09/02/2044 |
|
1,253,751 |
|
|
|
1,570,000 |
|
|
|
5.000 |
|
|
09/02/2049 |
|
1,811,811 |
| California Statewide Communities Development Authority RB for Lancer Educational
Housing LLC Project Series 2019 A (NR/NR)(a) |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
06/01/2034 |
|
429,447 |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
06/01/2039 |
|
536,441 |
|
|
|
1,340,000 |
|
|
|
5.000 |
|
|
06/01/2051 |
|
1,485,229 |
| California Statewide Communities Development Authority RB for Lancer Plaza Project
Series 2013 (NR/NR) |
|
|
|
1,875,000 |
|
|
|
5.875 |
|
|
11/01/2043 |
|
2,021,325 |
| California Statewide Communities Development Authority RB for Loma Linda University
Medical Center Obligated Group Series 2018 A (BB-/NR)(a) |
|
|
|
9,000,000 |
|
|
|
5.500 |
|
|
12/01/2058 |
|
10,500,480 |
| California Statewide Communities Development Authority RB for Marin General
Hospital Obligated Group Series 2018 A (BBB+/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/01/2038 |
|
605,260 |
|
|
|
3,000,000 |
|
|
|
4.000 |
|
|
08/01/2045 |
|
3,152,760 |
| California Statewide Communities Development Authority RB for NCCD-Hooper Street
LLC Project Series 2019 (BB+/NR)(a) |
|
|
|
2,350,000 |
|
|
|
5.250 |
|
|
07/01/2039 |
|
2,403,603 |
|
|
|
3,125,000 |
|
|
|
5.250 |
|
|
07/01/2049 |
|
3,207,344 |
|
|
|
1,450,000 |
|
|
|
5.250 |
|
|
07/01/2052 |
|
1,489,049 |
| California Statewide Communities Development Authority RB Refunding for California
Baptist University Series 2017 A (NR/NR)(a) |
|
|
|
860,000 |
|
|
|
3.000 |
|
|
11/01/2022 |
|
871,223 |
|
|
|
935,000 |
|
|
|
5.000 |
|
|
11/01/2032 |
|
1,077,578 |
|
|
|
1,875,000 |
|
|
|
5.000 |
|
|
11/01/2041 |
|
2,114,588 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California Statewide Communities Development Authority RB Refunding for Enloe
Medical Center Series 2015 (CA MTG INS) (AA-/NR) |
| $ |
|
|
2,875,000 |
|
|
|
5.000 |
% |
|
08/15/2038 |
|
$ 3,414,062 |
| California Statewide Communities Development Authority RB Refunding for Front Porch
Communities & Services Series 2017 A (A-/NR) |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
04/01/2047 |
|
1,353,408 |
| California Statewide Communities Development Authority RB Refunding for Loma Linda
University Medical Center Series 2014 A (BB-/NR) |
|
|
|
7,460,000 |
|
|
|
5.500 |
|
|
12/01/2054 |
|
8,248,447 |
| California Statewide Communities Development Authority Special Assessment Bond
Series 2020 (NR/NR) |
|
|
|
1,230,000 |
|
|
|
4.000 |
|
|
09/02/2050 |
|
1,305,030 |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
09/02/2050 |
|
1,096,550 |
| California Statewide Communities Development Authority Special Assessment Bonds
Series 2018 C (NR/NR) |
|
|
|
2,220,000 |
|
|
|
5.000 |
|
|
09/02/2038 |
|
2,625,328 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
09/02/2048 |
|
2,885,925 |
| California Statewide Communities Development Authority Student Housing RB for
University of California Irvine East Campus Apartments, Phase IV-A CHF-Irvine, LLC Series 2017 (NR/Baa1) |
|
|
|
3,750,000 |
|
|
|
5.000 |
|
|
05/15/2042 |
|
4,206,637 |
|
|
|
5,750,000 |
|
|
|
5.000 |
|
|
05/15/2047 |
|
6,414,758 |
|
|
|
5,640,000 |
|
|
|
5.000 |
|
|
05/15/2050 |
|
6,281,719 |
| California Statewide Financing Authority Tobacco Settlement RB Capital Appreciation
for Turbo Pooled Program Series 2006 B (CCC/NR)(c) |
|
|
|
35,600,000 |
|
|
|
0.000 |
|
|
06/01/2046 |
|
5,746,908 |
| Capistrano Unified School District Special Tax for Capital Appreciation Series 2005
(NATL-RE) (NR/Baa2)(c) |
|
|
|
7,000,000 |
|
|
|
0.000 |
|
|
09/01/2033 |
|
5,401,760 |
| Chino Public Financing Authority Tax Exempt RB Series 2019 A (NR/NR) |
|
|
|
190,000 |
|
|
|
3.000 |
|
|
09/01/2037 |
|
194,643 |
|
|
|
195,000 |
|
|
|
3.000 |
|
|
09/01/2038 |
|
198,013 |
|
|
|
205,000 |
|
|
|
3.000 |
|
|
09/01/2039 |
|
209,604 |
|
|
|
210,000 |
|
|
|
3.000 |
|
|
09/01/2040 |
|
213,692 |
|
|
|
715,000 |
|
|
|
3.125 |
|
|
09/01/2044 |
|
729,093 |
| City & County of San Francisco Community Facilities District No. 2016-1 Special Tax Bonds Series 2020 (NR/NR) |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
1,349,913 |
| City of Calimesa CA Community Facilities District
No. 2018-1 Special Tax Series 2020 (NR/NR) |
|
|
|
865,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
953,489 |
| City of Chino CA Community Facilities District
No. 2003-3 Special Tax for Improvement Area No. 7 Series 2020 (NR/NR) |
|
|
|
515,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
577,609 |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
1,653,630 |
|
|
|
3,000,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
3,287,160 |
| City of Davis Redevelopment Agency Tax Allocation for Davis Redevelopment Project
Series 2011 A (A+/NR)(e) |
|
|
|
750,000 |
|
|
|
6.500 |
|
|
12/01/2021 |
|
792,652 |
| City of Fairfield Community Facilities District
No. 2019-1 for Improvement Area No. 1 Series 2020 A (NR/NR)(a) |
|
|
|
2,850,000 |
|
|
|
5.000 |
|
|
09/01/2050 |
|
3,306,969 |
| City of Fremont Community Facilities District No. 1 Special Tax for Pacific
Commons Series 2015 (NR/NR) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
09/01/2045 |
|
3,345,360 |
| City of Oakland GO Bonds Series 2020 B-1
(AA/Aa1) |
|
|
|
4,750,000 |
|
|
|
3.000 |
|
|
01/15/2050 |
|
5,158,500 |
| City of Ontario CA Community Facilities District No. 43 Special Tax Bonds
Series 2020 (NR/NR) |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
1,054,890 |
| City of Oroville RB for Oroville Hospital Series 2019 (BB/NR) |
|
|
|
1,900,000 |
|
|
|
5.250 |
|
|
04/01/2034 |
|
2,168,109 |
|
|
|
3,565,000 |
|
|
|
5.250 |
|
|
04/01/2039 |
|
3,995,509 |
|
|
|
14,580,000 |
|
|
|
5.250 |
|
|
04/01/2049 |
|
16,072,409 |
|
|
|
13,840,000 |
|
|
|
5.250 |
|
|
04/01/2054 |
|
15,168,225 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| City of Palo Alto Limited Obligation Refunding Improvement Bonds for University
Avenue Area Off-Street Parking Assessment District
Series 2012 (A-/NR) |
| $ |
|
|
600,000 |
|
|
|
5.000 |
% |
|
09/02/2030 |
|
$ 643,032 |
| City of Roseville Special Tax for SVSP Westpark-Federico Community Facilities
District No. 1 Series 2019 (NR/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
566,120 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
788,907 |
| City of Roseville Special Tax The Ranch at Sierra Vista Community Facilities
District No. 1 Series 2020 (NR/NR) |
|
|
|
325,000 |
|
|
|
4.000 |
|
|
09/01/2035 |
|
360,084 |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
411,251 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
461,397 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
1,026,760 |
| City of Roseville Special Tax Villages at Sierra Vista Community Facilities
District No. 1 Series 2020 (NR/NR) |
|
|
|
475,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
515,679 |
|
|
|
640,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
691,712 |
| City of Sacramento Natomas Meadows Community Facilities District No. 2007-01 Special Tax Bonds for Improvement Area No. 1
Series 2017 (NR/NR)(a) |
|
|
|
280,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
318,175 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
09/01/2037 |
|
789,138 |
|
|
|
1,745,000 |
|
|
|
5.000 |
|
|
09/01/2047 |
|
1,944,750 |
| City of Santa Paula Special Tax for Harvest Community Facilities District
No. 1 Series 2020 (NR/NR) |
|
|
|
1,100,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
1,179,871 |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
1,597,890 |
| City of Tracy Community Facilities District
No. 2016-2 ECFD Special Tax Bonds Series 2019 (NR/NR) |
|
|
|
405,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
471,076 |
|
|
|
535,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
619,401 |
| County of El Dorado CA Community Facilities District
No. 2018-1 Bass Lake Hills Special Tax Bonds Series 2019 (NR/NR) |
|
|
|
1,225,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
1,389,395 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
216,476 |
|
|
|
1,420,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
1,599,602 |
| County of Madera Community Facilities District
No. 2017-1 Special Tax Series 2020 (NR/NR) |
|
|
|
1,985,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
2,161,605 |
| County of San Diego Community Facilities District
No. 2008-01 Special Tax Series 2020 A (NR/NR) |
|
|
|
695,000 |
|
|
|
3.000 |
|
|
09/01/2050 |
|
696,133 |
|
|
|
1,875,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
2,033,925 |
| Denair California Unified School District GO Bonds Capital Appreciation Election
2001 Series 2003 B (NATL-RE) (A-/Baa2)(c) |
|
|
|
1,305,000 |
|
|
|
0.000 |
|
|
08/01/2027 |
|
1,214,694 |
| Dublin Community Facilities District
No. 2015-1 Improvement Area No. 1 Special Tax Series 2017 (NR/NR) |
|
|
|
2,285,000 |
|
|
|
5.000 |
|
|
09/01/2037 |
|
2,698,973 |
|
|
|
6,680,000 |
|
|
|
5.000 |
|
|
09/01/2047 |
|
7,750,203 |
| East Garrison Public Finance Authority Special Tax for East Garrison Project Series
2019 (NR/NR) |
|
|
|
455,000 |
|
|
|
3.125 |
|
|
09/01/2044 |
|
465,724 |
| El Rancho California Unified School District GO Bonds Capital Appreciation Election
2003 Series 2007 (NATL-RE) (A-/Baa2)(c) |
|
|
|
5,400,000 |
|
|
|
0.000 |
|
|
08/01/2032 |
|
4,359,258 |
| Fairfield COPS Capital Appreciation for Water Financing Series 2007 A (XLCA) (AA-/WR)(c) |
|
|
|
4,180,000 |
|
|
|
0.000 |
|
|
04/01/2029 |
|
3,760,788 |
| Folsom Cordova Unified School District No. 4 GO for School Facilities
Improvement Capital Appreciation for Election of 2006 Series 2007 A (NATL-RE) (AA-/Aa3)(c) |
|
|
|
3,460,000 |
|
|
|
0.000 |
|
|
10/01/2032 |
|
2,862,043 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Foothill/Eastern Transportation Corridor Agency Toll Road RB Refunding Capital
Appreciation Senior Lien Series 2015 A (AGM) (AA/A2)(c) |
| $ |
|
|
12,000,000 |
|
|
|
0.000 |
% |
|
01/15/2035 |
|
$ 9,017,040 |
| Foothill/Eastern Transportation Corridor Agency Toll Road RB Refunding RMKT
08/24/17 Series 2013 B Subseries B-1 (A-/Baa2) |
|
|
|
37,510,000 |
|
|
|
3.950 |
|
|
01/15/2053 |
|
41,468,805 |
| Foothill/Eastern Transportation Corridor Agency Toll Road RB Refunding Series 2013
A (AGM) (AA/A2)(b) |
|
|
|
1,000,000 |
|
|
|
0.000 |
|
|
01/15/2032 |
|
1,209,990 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds for Capital Appreciation Subseries 2007 B (CCC-/NR)(c) |
|
|
|
77,260,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
17,017,288 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds for Capital Appreciation Subseries 2007 C (CCC-/NR)(c) |
|
|
|
147,670,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
31,713,609 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2015 A (ST APPROP) (A+/Aa3) |
|
|
|
2,130,000 |
|
|
|
5.000 |
|
|
06/01/2045 |
|
2,457,040 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-1 (NR/NR) |
|
|
|
8,900,000 |
|
|
|
5.000 |
|
|
06/01/2047 |
|
9,231,792 |
|
|
|
5,400,000 |
|
|
|
5.250 |
|
|
06/01/2047 |
|
5,624,100 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-2 (NR/NR) |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
06/01/2047 |
|
3,630,480 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB Senior
Asset-Backed Bonds Series 2007 A-2 (B-/B3) |
|
|
|
27,780,000 |
|
|
|
5.300 |
|
|
06/01/2037 |
|
28,964,817 |
| Inland Empire Tobacco Securitization Authority RB Turbo Asset-Backed Bonds for
Capital Appreciation Series 2007 C-1 (CCC/NR)(c) |
|
|
|
100,945,000 |
|
|
|
0.000 |
|
|
06/01/2036 |
|
36,995,333 |
| Inland Empire Tobacco Securitization Authority RB Turbo Asset-Backed Bonds for
Capital Appreciation Series 2007 C-2 (CCC/NR)(c) |
|
|
|
51,235,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
8,879,538 |
| Inland Empire Tobacco Securitization Authority RB Turbo Asset-Backed Bonds for
Capital Appreciation Series 2007 D (CCC/NR)(c) |
|
|
|
260,660,000 |
|
|
|
0.000 |
|
|
06/01/2057 |
|
21,298,529 |
| Irvine Community Facilities District
No. 2013-3 Special Tax Series 2018 (AGM) (AA/NR) |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
09/01/2051 |
|
1,342,970 |
| Irvine Unified School District
No. 09-1 Special Tax for Community Facilities Series 2017 A (NR/NR) |
|
|
|
1,655,000 |
|
|
|
5.000 |
|
|
09/01/2047 |
|
1,953,628 |
|
|
|
1,925,000 |
|
|
|
5.000 |
|
|
03/01/2057 |
|
2,253,752 |
| Lammersville Joint Unified School District Special Tax Bonds for Community
Facilities District No. 2007-1 Series 2013 (NR/NR) |
|
|
|
2,750,000 |
|
|
|
6.000 |
|
|
09/01/2043 |
|
3,028,685 |
| Lemoore Redevelopment Agency Tax Allocation for Lemoore Redevelopment Project
Series 2011 (A-/NR) |
|
|
|
215,000 |
|
|
|
6.625 |
|
|
08/01/2024 |
|
215,909 |
| Los Angeles County GO Bonds for Westside Union School District Election Series 2008
B (AA-/Aa3)(c) |
|
|
|
49,925,000 |
|
|
|
0.000 |
|
|
08/01/2050 |
|
21,972,991 |
| Lynwood Redevelopment Agency Tax Allocation for Housing Projects Series 2011 A
(A/NR) |
|
|
|
1,625,000 |
|
|
|
6.750 |
|
|
09/01/2026 |
|
1,688,050 |
|
|
|
1,500,000 |
|
|
|
7.000 |
|
|
09/01/2031 |
|
1,553,205 |
|
|
|
875,000 |
|
|
|
7.250 |
|
|
09/01/2038 |
|
905,511 |
| Merced-Union High School District Election of 2008 GO Bonds
Series 2011 C
(NR/Aa3)(c) |
|
|
|
3,760,000 |
|
|
|
0.000 |
|
|
08/01/2035 |
|
2,882,454 |
|
M-S-R Energy Authority Gas RB Series
2009 A (BBB+/NR) |
|
|
|
14,850,000 |
|
|
|
6.500 |
|
|
11/01/2039 |
|
24,738,021 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
|
M-S-R Energy Authority Gas RB Series
2009 B (BBB+/NR) |
| $ |
|
|
2,000,000 |
|
|
|
6.500 |
% |
|
11/01/2039 |
|
$ 3,331,720 |
|
M-S-R Energy Authority Gas RB Series
2009 C (BBB+/NR) |
|
|
|
9,795,000 |
|
|
|
6.125 |
|
|
11/01/2029 |
|
12,534,270 |
|
|
|
21,765,000 |
|
|
|
6.500 |
|
|
11/01/2039 |
|
36,257,443 |
| Mt. Diablo Unified School District GO Bonds Capital Appreciation for Election of
2010 Series 2010 A (AGM) (AA/Aa3)(b) |
|
|
|
7,000,000 |
|
|
|
0.000 |
|
|
08/01/2030 |
|
7,809,130 |
| New Haven Unified School District GO Refunding Bonds for Capital Appreciation
Series 2009 (ASSURED GTY) (AA/Aa3)(c) |
|
|
|
860,000 |
|
|
|
0.000 |
|
|
08/01/2025 |
|
829,539 |
|
|
|
1,105,000 |
|
|
|
0.000 |
|
|
08/01/2026 |
|
1,050,314 |
|
|
|
5,550,000 |
|
|
|
0.000 |
|
|
08/01/2030 |
|
4,806,189 |
|
|
|
7,855,000 |
|
|
|
0.000 |
|
|
08/01/2032 |
|
6,451,154 |
|
|
|
7,000,000 |
|
|
|
0.000 |
|
|
08/01/2034 |
|
5,439,210 |
| Orange County California Community Facilities District No. 2015-1 Village of Esencia Special Tax Bonds Series 2015 A (NR/NR) |
|
|
|
2,925,000 |
|
|
|
5.250 |
|
|
08/15/2045 |
|
3,324,935 |
| Orange County California Community Facilities District No. 2017-1 Village of Esencia Special Tax Bonds Series 2018 A (NR/NR) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
08/15/2027 |
|
309,690 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
08/15/2028 |
|
252,082 |
|
|
|
2,900,000 |
|
|
|
5.000 |
|
|
08/15/2047 |
|
3,414,634 |
| Orange County Community Facilities District Special Tax RB Series 2020 A
(NR/NR) |
|
|
|
1,015,000 |
|
|
|
4.000 |
|
|
08/15/2040 |
|
1,142,646 |
|
|
|
940,000 |
|
|
|
4.000 |
|
|
08/15/2050 |
|
1,036,341 |
| Oxnard School District GO Bonds Election of 2016 Series 2016 B (BAM) (AA/NR)(f) |
|
|
|
7,800,000 |
|
|
|
2.000 |
|
|
08/01/2021 |
|
8,784,672 |
| Palomar Health RB Refunding for Palomar Health Series 2017 (AGM)
(AA/A2) |
|
|
|
11,500,000 |
|
|
|
5.000 |
|
|
11/01/2047 |
|
13,653,260 |
| Palomar Pomerado Health GO Bonds Capital Appreciation for Election of 2004 Series
2009 A (ASSURED GTY) (AA/A2) |
|
|
|
10,750,000 |
|
|
|
7.000 |
|
|
08/01/2038 |
|
15,548,693 |
| Placer Union High School District GO Bonds for Capital Appreciation Series 2000 A (NATL-RE) (AA/Aa2)(c) |
|
|
|
1,840,000 |
|
|
|
0.000 |
|
|
08/01/2025 |
|
1,772,398 |
| Poway Unified School District GO Bonds Capital Appreciation for School Facility
Improvement Series 2011 B (AA-/Aa3)(c) |
|
|
|
1,300,000 |
|
|
|
0.000 |
|
|
08/01/2040 |
|
854,256 |
| Rancho Cordova Community Facilities District
No. 2003-1 Special Tax Refunding for Sunridge Anatolia Series 2016 (NR/NR) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
09/01/2030 |
|
559,060 |
|
|
|
650,000 |
|
|
|
4.000 |
|
|
09/01/2031 |
|
722,209 |
|
|
|
900,000 |
|
|
|
3.000 |
|
|
09/01/2032 |
|
937,305 |
|
|
|
820,000 |
|
|
|
3.000 |
|
|
09/01/2033 |
|
851,209 |
|
|
|
750,000 |
|
|
|
3.000 |
|
|
09/01/2034 |
|
776,505 |
| Rancho Cordova Community Facilities District
No. 2018-1 Special Tax for Grantline 208 Series 2019 (NR/NR) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
449,908 |
| Rialto Unified School District GO Election of 2010 Series 2011 A (AGM) (AA/Aa3)(c) |
|
|
|
6,200,000 |
|
|
|
0.000 |
|
|
08/01/2036 |
|
4,171,174 |
| River Islands Public Financing Authority Community Facilities District No. 2003-1 Special Tax Refunding Bonds Series 2015 A-1 (NR/NR) |
|
|
|
4,835,000 |
|
|
|
5.375 |
|
|
09/01/2031 |
|
5,183,990 |
|
|
|
880,000 |
|
|
|
5.250 |
|
|
09/01/2034 |
|
938,414 |
|
|
|
6,815,000 |
|
|
|
5.500 |
|
|
09/01/2045 |
|
7,235,622 |
| River Islands Public Financing Authority Special Tax for Community Facilities
District No. 2003-1 Series 2015 B (NR/NR) |
|
|
|
22,500,000 |
|
|
|
5.500 |
|
|
09/01/2045 |
|
23,888,700 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Riverside County Redevelopment Agency Tax Allocation for Capital Appreciation
Jurupa Valley Redevelopment Project Area Series 2011 B (A/NR)(c) |
| $ |
|
|
2,220,000 |
|
|
|
0.000 |
% |
|
10/01/2033 |
|
$ 1,757,374 |
|
|
|
2,220,000 |
|
|
|
0.000 |
|
|
10/01/2035 |
|
1,663,002 |
|
|
|
1,840,000 |
|
|
|
0.000 |
|
|
10/01/2037 |
|
1,298,230 |
|
|
|
5,100,000 |
|
|
|
0.000 |
|
|
10/01/2038 |
|
3,489,624 |
|
|
|
8,425,000 |
|
|
|
0.000 |
|
|
10/01/2039 |
|
5,602,541 |
|
|
|
13,395,000 |
|
|
|
0.000 |
|
|
10/01/2040 |
|
8,624,505 |
|
|
|
7,275,000 |
|
|
|
0.000 |
|
|
10/01/2041 |
|
4,520,467 |
|
|
|
6,360,000 |
|
|
|
0.000 |
|
|
10/01/2042 |
|
3,828,656 |
| Riverside County Redevelopment Agency Tax Allocation for Jurupa Valley
Redevelopment Project Area Series 2011 B (A/NR) |
|
|
|
1,225,000 |
|
|
|
6.500 |
|
|
10/01/2025 |
|
1,282,048 |
|
|
|
1,950,000 |
|
|
|
6.750 |
|
|
10/01/2030 |
|
2,044,400 |
| Riverside County Transportation Commission Toll Revenue Senior Lien Bonds Series
2013 A (A/NR) |
|
|
|
2,000,000 |
|
|
|
5.750 |
|
|
06/01/2048 |
|
2,170,060 |
| Riverside Unified School District Community Facilities District No. 32 Special
Tax Series 2020 (NR/NR) |
|
|
|
395,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
435,156 |
|
|
|
835,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
915,811 |
| Roseville California Community Facilities District No. 1 Special Tax Refunding
for Fiddyment Ranch Project Series 2017 (NR/NR) |
|
|
|
770,000 |
|
|
|
5.000 |
|
|
09/01/2029 |
|
945,044 |
|
|
|
1,865,000 |
|
|
|
5.000 |
|
|
09/01/2033 |
|
2,222,427 |
|
|
|
2,250,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
2,666,160 |
| Roseville California Community Facilities District No. 5 Special Tax for
Fiddyment Ranch Project Series 2019 (NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
1,127,010 |
| Sacramento County Sanitation District Financing Authority RB Refunding for
Sacramento County Regional Series 2007 B
(NATL-RE) (AA/Aa2)(d) |
| (3 Mo. LIBOR + 0.53%), |
|
|
|
|
|
6,405,000 |
|
|
|
0.681 |
|
|
12/01/2035 |
|
5,977,146 |
| Sacramento County Water Financing Authority RB for Water Agency Zones 40 & 41
2007 Water System Project Series 2007 B (NATL-RE)
(A+/Aa3)(d) |
| (3 Mo. LIBOR + 0.55%), |
|
|
|
|
|
3,920,000 |
|
|
|
0.701 |
|
|
06/01/2034 |
|
3,681,311 |
| San Bernardino City Unified School District GO Bonds Capital Appreciation for
Election of 1999 Series 2003 C (NATL-RE) (A+/A1)(c) |
|
|
|
1,420,000 |
|
|
|
0.000 |
|
|
08/01/2025 |
|
1,365,344 |
| San Diego County Regional Airport Authority RB Refunding Series 2019 B (AMT) (A-/NR) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
07/01/2044 |
|
1,137,110 |
| San Diego Unified School District GO Refunding Bonds Series 2012 R-1 (AA-/Aa2)(c) |
|
|
|
10,000,000 |
|
|
|
0.000 |
|
|
07/01/2030 |
|
8,923,600 |
|
|
|
3,005,000 |
|
|
|
0.000 |
|
|
07/01/2031 |
|
2,624,026 |
| San Francisco City & County Airport Commission RB for San Francisco
International Airport Series 2019 A (AMT) (A/A1) |
|
|
|
7,145,000 |
|
|
|
5.000 |
|
|
05/01/2049 |
|
8,772,845 |
| San Francisco City & County Airport Commission RB for San Francisco
International Airport Series 2019 E (AMT) (A/A1) |
|
|
|
1,450,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,643,720 |
| San Francisco City & County Redevelopment Financing Authority Tax
Allocation for Mission Bay North Redevelopment Series 2011 C (A-/NR)(e) |
|
|
|
500,000 |
|
|
|
6.750 |
|
|
02/01/2021 |
|
502,385 |
| San Francisco City & County Redevelopment Financing Authority Tax
Allocation for Mission Bay South Redevelopment Series 2011 D (BBB+/NR)(e) |
|
|
|
435,000 |
|
|
|
6.625 |
|
|
02/01/2021 |
|
437,036 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| San Gorgonio Memorial Health Care District GO Refunding Bonds Series 2020
(NR/Baa3) |
| $ |
|
|
1,370,000 |
|
|
|
4.000 |
% |
|
08/01/2032 |
|
$ 1,564,170 |
|
|
|
1,560,000 |
|
|
|
4.000 |
|
|
08/01/2033 |
|
1,770,288 |
|
|
|
1,680,000 |
|
|
|
4.000 |
|
|
08/01/2034 |
|
1,898,299 |
|
|
|
1,810,000 |
|
|
|
4.000 |
|
|
08/01/2035 |
|
2,041,119 |
|
|
|
1,945,000 |
|
|
|
4.000 |
|
|
08/01/2036 |
|
2,187,055 |
| San Joaquin Hills Transportation Corridor Agency RB Refunding for Toll Road Senior
Lien Series 2014 A (A-/NR) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
01/15/2029 |
|
3,444,960 |
| San Juan Unified School District GO Bonds for Capital Appreciation Series 2000 (NATL-RE) (A+/Aa2)(c) |
|
|
|
1,580,000 |
|
|
|
0.000 |
|
|
08/01/2024 |
|
1,553,393 |
|
|
|
1,595,000 |
|
|
|
0.000 |
|
|
08/01/2025 |
|
1,554,710 |
| San Mateo Special Tax Bonds for Community Facilities District No. 2008-1 Bay Meadows Series 2013 (NR/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
09/01/2042 |
|
2,106,740 |
| San Mateo Special Tax Bonds for Community Facilities District No. 2008-1 Bay Meadows Series 2014 (NR/NR) |
|
|
|
2,000,000 |
|
|
|
5.500 |
|
|
09/01/2044 |
|
2,111,500 |
| Santa Monica Redevelopment Agency Tax Allocation for Earthquake Recovery
Redevelopment Project Series 2011 (AA/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
07/01/2042 |
|
2,038,920 |
| Silicon Valley Tobacco Securitization Authority Tobacco Settlement Asset Backed RB
Series 2007 C (NR/NR)(c) |
|
|
|
88,700,000 |
|
|
|
0.000 |
|
|
06/01/2056 |
|
9,866,988 |
| State of California GO Bonds RMKT 04/02/18 Series 2004 B-5 (AAA/Aa1)(f)(g) |
|
|
|
21,290,000 |
|
|
|
0.050 |
|
|
01/01/2021 |
|
21,290,000 |
| State of California GO Bonds RMKT 10/01/12 Series 2004 A-5 (AA+/Aa1)(f)(g) |
|
|
|
18,740,000 |
|
|
|
0.090 |
|
|
01/01/2021 |
|
18,740,000 |
| Tejon Ranch Public Facilities Financing Authority Special Tax for Community
Facilities District No. 2008-1 Industrial Complex Public Improvements Series 2012 B (NR/NR) |
|
|
|
4,000,000 |
|
|
|
5.250 |
|
|
09/01/2042 |
|
4,258,400 |
| Tejon Ranch Public Facilities Financing Authority Special Tax for Community
Facilities District No. 2008-1 Series 2020 (NR/NR) |
|
|
|
4,650,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
4,933,604 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp.
Series 2019 A-1 (BBB+/NR) |
|
|
|
4,740,000 |
|
|
|
5.000 |
|
|
06/01/2048 |
|
5,920,924 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp.
Series 2019 B-1 (BBB-/NR) |
|
|
|
3,700,000 |
|
|
|
5.000 |
|
|
06/01/2048 |
|
4,496,573 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp.
Series 2019 B-2 (NR/NR)(c) |
|
|
|
9,510,000 |
|
|
|
0.000 |
|
|
06/01/2054 |
|
1,725,970 |
| Transbay Joint Powers Authority Tax Allocation for Transbay Redevelopment Project
Series 2020 A (A-/NR) |
|
|
|
995,000 |
|
|
|
5.000 |
|
|
10/01/2045 |
|
1,243,203 |
|
|
|
1,045,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
1,298,203 |
| Transbay Joint Powers Authority Tax Allocation for Transbay Redevelopment Project
Series 2020 A (BBB+/NR) |
|
|
|
1,815,000 |
|
|
|
2.400 |
|
|
10/01/2049 |
|
1,845,075 |
| Tustin California Community Facilities District
No. 2014-1 Tustin Legacy/Standard Pacific Special Tax Bonds Series 2015 A (NR/NR) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
09/01/2040 |
|
853,470 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2045 |
|
1,129,250 |
| Union City Community Redevelopment Agency Tax Allocation for Community
Redevelopment Project Sub Lien Series 2011 (A+/NR)(e) |
|
|
|
1,500,000 |
|
|
|
6.875 |
|
|
12/01/2021 |
|
1,590,390 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| University of California RB Refunding Series 2013
AL-2 (AA/Aa2)(f)(g) |
| $ |
|
|
15,000,000 |
|
|
|
0.060 |
% |
|
01/01/2021 |
|
$ 15,000,000 |
| West Hollywood Community Development Commission Tax Allocation for East Side
Redevelopment Project Series 2011 A (A-/NR) |
|
|
|
1,000,000 |
|
|
|
7.250 |
|
|
09/01/2031 |
|
1,047,200 |
|
|
|
5,000,000 |
|
|
|
7.500 |
|
|
09/01/2042 |
|
5,234,700 |
| William S Hart Union High School District Community Facilities Dist No. 2015-1 Special Tax Bonds Series 2017 (NR/NR) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
09/01/2047 |
|
1,574,650 |
| William S. Hart Union High School District GO Bonds Capital Appreciation 2008
Election Series B (AGM) (AA/Aa2)(c) |
|
|
|
8,360,000 |
|
|
|
0.000 |
|
|
08/01/2034 |
|
6,628,393 |
| Yosemite Community College District GO Bonds Election of 2004 Series 2010 D (AA-/Aa2)(b) |
|
|
|
19,135,000 |
|
|
|
0.000 |
|
|
08/01/2042 |
|
19,547,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,126,910,190 |
| |
| Colorado – 4.9% |
| Allison Valley Metropolitan District No. 2 GO Refunding Bonds
Series 2020
(NR/NR) |
|
|
|
1,575,000 |
|
|
|
4.700 |
|
|
12/01/2047 |
|
1,578,024 |
| Amber Creek Metropolitan District GO Refunding & Improvement Bonds Series
2017 A (NR/NR) |
|
|
|
611,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
636,723 |
|
|
|
613,000 |
|
|
|
5.125 |
|
|
12/01/2047 |
|
633,198 |
| Aurora Crossroads Metropolitan District No. 2 GO Bonds Series 2020 A
(NR/NR) |
|
|
|
1,480,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
1,567,364 |
|
|
|
2,610,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
2,724,710 |
| Aurora Crossroads Metropolitan District No. 2 GO Bonds Series 2020 B
(NR/NR) |
|
|
|
4,000,000 |
|
|
|
7.750 |
|
|
12/15/2050 |
|
4,126,480 |
| Belford North Metropolitan District GO Bonds Series 2020 A (NR/NR) |
|
|
|
3,250,000 |
|
|
|
5.500 |
|
|
12/01/2050 |
|
3,371,225 |
| Belford North Metropolitan District GO Bonds Series 2020 B (NR/NR) |
|
|
|
6,000,000 |
|
|
|
8.500 |
|
|
12/15/2050 |
|
6,206,880 |
| Bella Mesa Metropolitan District GO Convertible Capital Appreciation Bonds Series
2020 A (NR/NR)(a)(b) |
|
|
|
1,930,000 |
|
|
|
0.000 |
|
|
12/01/2049 |
|
1,491,929 |
| Belleview Station Metropolitan District No. 2 GO Refunding &
Improvement Bonds Series 2017 (NR/NR) |
|
|
|
2,375,000 |
|
|
|
5.125 |
|
|
12/01/2046 |
|
2,450,691 |
| Bent Grass Metropolitan District Refunding GO Bonds Series 2020 (NR/NR)(a) |
|
|
|
1,185,000 |
|
|
|
5.250 |
|
|
12/01/2049 |
|
1,250,317 |
| Brighton Crossing Metropolitan District No. 4 Limited Tax GO Bonds Subordinate
Series 2017 B (NR/NR) |
|
|
|
670,000 |
|
|
|
7.000 |
|
|
12/15/2047 |
|
696,586 |
| Brighton Crossing Metropolitan District No. 6 GO Bonds Series 2020 A
(NR/NR) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
1,527,375 |
| Broadway Park North Metropolitan District No. 2 GO Bonds Series 2020 (NR/NR)(a) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,371,084 |
| Broadway Station Metropolitan District No. 2 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
2,500,000 |
|
|
|
5.125 |
|
|
12/01/2048 |
|
2,655,550 |
| Bromley Park Metropolitan District No. 2 GO Bonds Subordinate
Series 2018 B
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
6.375 |
|
|
12/15/2047 |
|
1,051,470 |
| Buffalo Highlands Metropolitan District GO Bonds Series 2018 A
(NR/NR) |
|
|
|
2,250,000 |
|
|
|
5.375 |
|
|
12/01/2048 |
|
2,362,905 |
| Canyons Metropolitan District No. 5 GO Refunding & Improvement Bonds
Senior Series 2017 A (NR/NR) |
|
|
|
1,750,000 |
|
|
|
6.000 |
|
|
12/01/2037 |
|
1,845,235 |
|
|
|
4,000,000 |
|
|
|
6.125 |
|
|
12/01/2047 |
|
4,217,640 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Canyons Metropolitan District No. 5 GO Refunding & Improvement Bonds
Series 2017 A (NR/NR) |
| $ |
|
|
2,000,000 |
|
|
|
6.125 |
% |
|
12/01/2047 |
|
$ 2,108,820 |
| Citadel on Colfax Business Improvement District Senior RB
Series 2020 A
(NR/NR) |
|
|
|
2,575,000 |
|
|
|
5.350 |
|
|
12/01/2050 |
|
2,626,397 |
| Clear Creek Station Metropolitan District No. 2 GO Bonds Subordinate Series
2017 B (NR/NR) |
|
|
|
500,000 |
|
|
|
7.375 |
|
|
12/15/2047 |
|
521,975 |
| Clear Creek Station Metropolitan District No. 2 GO Refunding &
Improvement Bonds Series 2017 A (NR/NR) |
|
|
|
780,000 |
|
|
|
4.375 |
|
|
12/01/2032 |
|
810,428 |
| Colorado Educational & Cultural Facilities Authority RB Refunding for
Rocky Mountain Classical Academy Project Series 2019 (NR/Ba1)(a) |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
6,543,240 |
| Colorado Educational & Cultural Facilities Authority RB Refunding for STEM
School & Academy Project Series 2019 (NR/Baa3) |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
11/01/2054 |
|
2,950,915 |
| Colorado Health Facilities Authority RB for Covenant Retirement Communities, Inc.
Series 2012 A (A-/NR)(e) |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
3,818,640 |
| Colorado Health Facilities Authority RB for Covenant Retirement Communities, Inc.
Series 2013 A (A-/NR)(e) |
|
|
|
3,000,000 |
|
|
|
5.750 |
|
|
12/01/2023 |
|
3,478,320 |
| Colorado Health Facilities Authority RB for Parkview Medical Center, Inc. Obligated
Group Series 2020 A (NR/Baa1) |
|
|
|
2,650,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
3,023,676 |
| Colorado Health Facilities Authority RB for The Evangelical Lutheran Good Samaritan
Society Project Series 2013 (NR/WR)(e) |
|
|
|
3,000,000 |
|
|
|
5.625 |
|
|
06/01/2023 |
|
3,388,800 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
1,570,000 |
|
|
|
4.000 |
|
|
08/01/2039 |
|
1,818,264 |
|
|
|
2,115,000 |
|
|
|
4.000 |
|
|
08/01/2044 |
|
2,408,710 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 A-2 (BBB+/Baa1) |
|
|
|
7,170,000 |
|
|
|
5.000 |
|
|
08/01/2044 |
|
8,785,473 |
|
|
|
2,135,000 |
|
|
|
3.250 |
|
|
08/01/2049 |
|
2,204,878 |
|
|
|
4,620,000 |
|
|
|
4.000 |
|
|
08/01/2049 |
|
5,205,862 |
| Colorado Health Facilities Authority RB Refunding for Evangelical Lutheran Good
Samaritan Society Project Series 2017 (A-/NR)(e) |
|
|
|
4,410,000 |
|
|
|
5.000 |
|
|
06/01/2027 |
|
5,665,880 |
| Colorado Health Facilities Authority RB Refunding for Sanford Obligated Group
Series 2019 A (A+/NR) |
|
|
|
2,045,000 |
|
|
|
4.000 |
|
|
11/01/2039 |
|
2,392,037 |
|
|
|
8,790,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
11,057,468 |
|
|
|
4,790,000 |
|
|
|
5.000 |
|
|
11/01/2044 |
|
5,958,616 |
|
|
|
2,300,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
2,838,246 |
| Colorado High Performance Transportation Enterprise
C-470 Express Lanes RB Series 2017 (BBB/NR) |
|
|
|
965,000 |
|
|
|
5.000 |
|
|
12/31/2047 |
|
1,060,245 |
|
|
|
965,000 |
|
|
|
5.000 |
|
|
12/31/2051 |
|
1,058,277 |
|
|
|
2,980,000 |
|
|
|
5.000 |
|
|
12/31/2056 |
|
3,262,355 |
| Colorado Springs Urban Renewal Authority RB for Canyon Creek Project Series 2018 A
(NR/NR) |
|
|
|
3,000,000 |
|
|
|
5.750 |
|
|
12/01/2047 |
|
3,167,490 |
| Constitution Heights Metropolitan District GO Refunding Bonds
Series 2020
(NR/NR) |
|
|
|
1,760,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,879,293 |
| Copper Ridge Metropolitan District RB Series 2019 (NR/NR) |
|
|
|
4,240,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
4,188,738 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
12/01/2043 |
|
1,703,380 |
| Copperleaf Metropolitan District No. 3 GO Bonds Series 2017 A
(NR/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
523,925 |
|
|
|
700,000 |
|
|
|
5.125 |
|
|
12/01/2047 |
|
728,721 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Copperleaf Metropolitan District No. 3 GO Bonds Subordinate
Series 2017 B
(NR/NR) |
| $ |
|
|
506,000 |
|
|
|
7.625 |
% |
|
12/15/2047 |
|
$ 528,952 |
| Copperleaf Metropolitan District No. 6 GO Bonds
Series 2018 A
(NR/NR) |
|
|
|
2,000,000 |
|
|
|
5.250 |
|
|
12/01/2048 |
|
2,100,220 |
| Copperleaf Metropolitan District No. 6 GO Bonds Subordinate
Series 2018 B
(NR/NR) |
|
|
|
820,000 |
|
|
|
7.500 |
|
|
12/15/2048 |
|
862,140 |
| Cornerstar Metropolitan District GO Refunding Bonds Series 2017 A
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.125 |
|
|
12/01/2037 |
|
1,046,700 |
|
|
|
2,100,000 |
|
|
|
5.250 |
|
|
12/01/2047 |
|
2,186,268 |
| Creekside Village Metropolitan District GO Bonds Series 2019 A
(NR/NR) |
|
|
|
3,835,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
3,998,409 |
| Creekwalk Marketplace Business Improvement District RB Series 2019 A (NR/NR)(a) |
|
|
|
4,165,000 |
|
|
|
5.500 |
|
|
12/01/2039 |
|
4,421,564 |
|
|
|
10,900,000 |
|
|
|
5.750 |
|
|
12/01/2049 |
|
11,553,564 |
| Creekwalk Marketplace Business Improvement District RB Series 2019 B (NR/NR)(a) |
|
|
|
2,370,000 |
|
|
|
8.000 |
|
|
12/15/2049 |
|
2,475,892 |
| Denver Colorado City & County Special Facilities Airport RB Refunding for
United Air Lines, Inc. Project Series 2017 (AMT) (B/NR) |
|
|
|
17,970,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
18,844,600 |
| Denver Colorado Health and Hospital Authority Healthcare RB Refunding Series 2017 A
(BBB/NR)(a) |
|
|
|
5,555,000 |
|
|
|
5.000 |
|
|
12/01/2028 |
|
6,804,264 |
|
|
|
7,200,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
8,615,232 |
|
|
|
4,800,000 |
|
|
|
4.000 |
|
|
12/01/2035 |
|
5,345,040 |
|
|
|
4,800,000 |
|
|
|
4.000 |
|
|
12/01/2036 |
|
5,330,064 |
| Denver Connection West Metropolitan District GO Bonds Series 2017 A
(NR/NR) |
|
|
|
2,470,000 |
|
|
|
5.375 |
|
|
08/01/2047 |
|
2,589,103 |
| Denver Connection West Metropolitan District GO Bonds Subordinate Series 2017 B
(NR/NR) |
|
|
|
1,261,000 |
|
|
|
8.000 |
|
|
08/01/2047 |
|
1,312,777 |
| Denver Convention Center Hotel Authority RB Refunding Series 2016 (BBB-/Baa2) |
|
|
|
665,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
778,855 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
2,910,150 |
| Denver Health & Hospital Authority COPS Series 2018 (BBB/NR) |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
520,689 |
|
|
|
1,825,000 |
|
|
|
4.000 |
|
|
12/01/2038 |
|
2,012,446 |
|
|
|
1,690,000 |
|
|
|
5.000 |
|
|
12/01/2048 |
|
1,996,025 |
| Denver Health & Hospital Authority RB Series 2019 A (BBB/NR) |
|
|
|
1,185,000 |
|
|
|
4.000 |
|
|
12/01/2038 |
|
1,336,538 |
|
|
|
1,900,000 |
|
|
|
4.000 |
|
|
12/01/2039 |
|
2,135,372 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
12/01/2040 |
|
1,063,202 |
| Dinosaur Ridge Metropolitan District RB Refunding and Improvement Bonds Series 2019
A (NR/NR) |
|
|
|
3,765,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
3,911,044 |
| E-470 Public Highway Authority RB Refunding
Capital Appreciation Series 2006 B (NATL-RE) (A/A2)(c) |
|
|
|
3,000,000 |
|
|
|
0.000 |
|
|
09/01/2039 |
|
1,434,330 |
| E-470 Public Highway Authority RB Series
2004 A (NATL-RE) (A/A2)(c) |
|
|
|
15,000,000 |
|
|
|
0.000 |
|
|
09/01/2028 |
|
13,679,250 |
|
|
|
4,100,000 |
|
|
|
0.000 |
|
|
09/01/2034 |
|
3,188,775 |
| E-470 Public Highway Authority RB Series
2010 A (A/A2)(c) |
|
|
|
20,000,000 |
|
|
|
0.000 |
|
|
09/01/2040 |
|
12,883,800 |
| First Creek Village Metropolitan District GO Bonds Series 2019 A
(NR/Ba1) |
|
|
|
1,580,000 |
|
|
|
5.000 |
|
|
08/01/2049 |
|
1,698,374 |
| First Creek Village Metropolitan District GO Bonds Series 2019 B
(NR/NR) |
|
|
|
515,000 |
|
|
|
6.750 |
|
|
08/01/2049 |
|
552,662 |
| Fitzsimons Village Metropolitan District No. 1 GO Refunding Bonds Series 2020
A (NR/NR) |
|
|
|
1,045,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,085,023 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Flying Horse Metropolitan District No. 2 GO Refunding Bonds
Series 2020 A
(AGM) (AA/A2) |
| $ |
|
|
2,185,000 |
|
|
|
4.000 |
% |
|
12/01/2050 |
|
$ 2,570,937 |
| Forest Trace Metropolitan District No. 3 GO Unlimited Bonds
Series 2016 A
(NR/NR)(e) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
1,073,450 |
| Green Gables Metropolitan District No. 2 GO Bonds Senior
Series 2018 A
(NR/NR) |
|
|
|
4,500,000 |
|
|
|
5.750 |
|
|
12/01/2048 |
|
4,773,825 |
| Haskins Station Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
684,671 |
|
|
|
925,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
959,355 |
| High Plains Metropolitan District GO Refunding Bonds Series 2017 (NATL-RE) (NR/Baa2) |
|
|
|
3,930,000 |
|
|
|
4.000 |
|
|
12/01/2047 |
|
4,363,125 |
| Hunters Overlook Metropolitan District No. 5 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,062,080 |
| Jefferson Center Metropolitan District No. 1 RB Series 2020 A-2 (NR/Ba2) |
|
|
|
580,000 |
|
|
|
4.125 |
|
|
12/01/2040 |
|
603,571 |
|
|
|
900,000 |
|
|
|
4.375 |
|
|
12/01/2047 |
|
938,727 |
| Johnstown Village Metropolitan District No. 2 GO Bonds Series 2020 A
(NR/NR) |
|
|
|
1,980,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
2,055,735 |
| Jones District Community Authority Board RB for Convertible Capital Appreciation
Bonds Series 2020 (NR/NR)(b) |
|
|
|
5,800,000 |
|
|
|
0.000 |
|
|
12/01/2050 |
|
4,604,446 |
| Lanterns Metropolitan District No. 1 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
4,190,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
4,392,251 |
| Lanterns Metropolitan District No. 1 GO Bonds Series 2019 B
(NR/NR) |
|
|
|
683,000 |
|
|
|
7.750 |
|
|
12/15/2049 |
|
715,996 |
| Leyden Rock Metropolitan District No. 10 Limited Tax GO Refunding &
Improvement Bonds Series 2016 A (NR/NR) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
12/01/2045 |
|
1,299,563 |
| Lochbuie Station Residential Metropolitan District GO Bonds
Series 2020 A
(NR/NR) |
|
|
|
1,180,000 |
|
|
|
5.750 |
|
|
12/01/2050 |
|
1,241,655 |
| Meadowlark Metropolitan District GO Bonds Series 2020 A (NR/NR) |
|
|
|
525,000 |
|
|
|
4.875 |
|
|
12/01/2040 |
|
544,315 |
|
|
|
750,000 |
|
|
|
5.125 |
|
|
12/01/2050 |
|
779,595 |
| Mirabelle Metropolitan District No. 2 GO Bonds Series 2020 A
(NR/NR) |
|
|
|
2,665,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
2,770,374 |
| Mirabelle Metropolitan District No. 2 GO Bonds Series 2020 B
(NR/NR) |
|
|
|
1,473,000 |
|
|
|
7.375 |
|
|
12/15/2049 |
|
1,511,018 |
| Mountain Sky Metropolitan District GO Bonds Series 2020 A (NR/NR) |
|
|
|
980,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,018,749 |
| North Holly Metropolitan District Limited Tax GO Bonds Series 2018 A
(NR/NR) |
|
|
|
1,260,000 |
|
|
|
5.500 |
|
|
12/01/2048 |
|
1,329,653 |
| North Range Metropolitan District No. 2 GO Refunding Bonds
Series 2017 A
(NR/NR) |
|
|
|
3,270,000 |
|
|
|
5.625 |
|
|
12/01/2037 |
|
3,452,139 |
|
|
|
5,380,000 |
|
|
|
5.750 |
|
|
12/01/2047 |
|
5,666,162 |
| Northglenn Urban Renewal Authority Tax Allocation for Urban Renewal Plan 2 Series
2019 (BBB-/NR) |
|
|
|
330,000 |
|
|
|
4.000 |
|
|
12/01/2032 |
|
370,501 |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
12/01/2033 |
|
355,901 |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
12/01/2034 |
|
211,755 |
|
|
|
550,000 |
|
|
|
4.000 |
|
|
12/01/2036 |
|
607,931 |
|
|
|
215,000 |
|
|
|
4.000 |
|
|
12/01/2038 |
|
236,158 |
| Palisade Metropolitan District No. 2 GO Refunding Limited Tax Bonds Series
2016 (NR/NR) |
|
|
|
1,742,000 |
|
|
|
4.375 |
|
|
12/01/2031 |
|
1,789,208 |
|
|
|
1,706,000 |
|
|
|
5.000 |
|
|
12/01/2046 |
|
1,761,445 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Palisade Metropolitan District No. 2 GO Refunding Limited Tax Bonds Series
2019 (NR/NR) |
| $ |
|
|
4,711,000 |
|
|
|
7.250 |
% |
|
12/15/2049 |
|
$ 4,878,853 |
| Palisade Park West Metropolitan District GO Bonds Series 2019 A
(NR/NR) |
|
|
|
1,500,000 |
|
|
|
5.125 |
|
|
12/01/2049 |
|
1,568,595 |
| Parkdale Community Authority for Parkdale Metropolitan District No. 1 Series
2020 A (NR/NR) |
|
|
|
2,140,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
2,236,728 |
|
|
|
3,335,000 |
|
|
|
5.250 |
|
|
12/01/2050 |
|
3,480,639 |
| Parkdale Community Authority for Parkdale Metropolitan District No. 1 Series
2020 B (NR/NR) |
|
|
|
1,924,000 |
|
|
|
7.750 |
|
|
12/15/2050 |
|
1,995,938 |
| Pinon Pines Metropolitan District No. 2 GO Bonds Series 2020
(NR/NR) |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
1,257,420 |
| Plaza Metropolitan District No. 1 RB Refunding Series 2013 (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
1,025,920 |
| Pomponio Terrace Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
837,872 |
| Powhaton Road Metropolitan District No. 2 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
2,000,000 |
|
|
|
5.625 |
|
|
12/01/2048 |
|
2,121,760 |
| Prairie Center Metropolitan District No. 3 Limited Property Tax Supported RB
Refunding Series 2017 A (NR/NR)(a) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
12/15/2041 |
|
3,142,710 |
| Prairie Center Metropolitan District No. 7 GO Bonds Series 2020
(NR/NR) |
|
|
|
900,000 |
|
|
|
4.125 |
|
|
12/15/2036 |
|
935,856 |
| Public Authority Colorado Energy RB for Natural Gas Purchase Series 2008 (A-/A2) |
|
|
|
4,200,000 |
|
|
|
6.500 |
|
|
11/15/2038 |
|
6,672,960 |
| Raindance Metropolitan District No. 2 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
9,930,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
10,317,071 |
| Regional Transportation District RB Refunding for Denver Transit Partners LLC
Series 2020 A (A-/Baa2) |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
07/15/2028 |
|
541,441 |
|
|
|
675,000 |
|
|
|
5.000 |
|
|
01/15/2029 |
|
866,855 |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
07/15/2029 |
|
486,428 |
|
|
|
470,000 |
|
|
|
5.000 |
|
|
01/15/2030 |
|
615,536 |
|
|
|
330,000 |
|
|
|
5.000 |
|
|
07/15/2030 |
|
435,402 |
| Ritoro Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,207,742 |
| Sabell Metropolitan District GO Bonds Series 2020 A (NR/NR)(a) |
|
|
|
1,055,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
1,118,680 |
| Second Creek Farm Metropolitan District No. 3 GO Bonds Series 2019 A
(NR/NR) |
|
|
|
3,450,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
3,645,580 |
|
|
|
5,695,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
5,937,664 |
| Serenity Ridge Metropolitan District No. 2 GO Refunding & Improvement
Bonds Series 2018 A (NR/NR) |
|
|
|
550,000 |
|
|
|
5.125 |
|
|
12/01/2037 |
|
582,555 |
|
|
|
1,000,000 |
|
|
|
5.125 |
|
|
12/01/2043 |
|
1,051,070 |
| Serenity Ridge Metropolitan District No. 2 Subordinated GO Limited Tax Bonds
Series 2018 B (NR/NR) |
|
|
|
635,000 |
|
|
|
7.250 |
|
|
12/15/2035 |
|
669,169 |
| Settler’s Crossing Metropolitan District No. 1 GO Bonds Series 2020 A
(NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
1,053,460 |
|
|
|
1,625,000 |
|
|
|
5.125 |
|
|
12/01/2050 |
|
1,711,661 |
| Sierra Ridge Metropolitan District No. 2 Douglas County GO Bonds Series 2016 A
(NR/NR) |
|
|
|
1,500,000 |
|
|
|
5.500 |
|
|
12/01/2046 |
|
1,561,035 |
| Sierra Ridge Metropolitan District No. 2 Douglas County GO Bonds Series 2016 A
(NR/NR) |
|
|
|
749,000 |
|
|
|
4.500 |
|
|
12/01/2031 |
|
775,545 |
| Sky Ranch Community Authority Board District No. 1 RB Senior Lien Series 2019
A (NR/NR) |
|
|
|
1,460,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,563,091 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| South Sloan’s Lake Metropolitan District No. 2 GO Improvement Bonds
Series 2019 (AGM) (AA/Baa3) |
| $ |
|
|
375,000 |
|
|
|
4.000 |
% |
|
12/01/2039 |
|
$ 432,480 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
12/01/2044 |
|
852,360 |
|
|
|
2,210,000 |
|
|
|
3.000 |
|
|
12/01/2049 |
|
2,309,627 |
| South Timnath Metropolitan District No. 1 GO Limited Subordinate Tax Bonds
Series 2019 B (NR/NR) |
|
|
|
2,208,000 |
|
|
|
8.000 |
|
|
12/15/2048 |
|
2,318,643 |
| South Timnath Metropolitan District No. 1 GO Limited Taxable Bonds Series 2019
A (NR/NR) |
|
|
|
500,000 |
|
|
|
5.500 |
|
|
12/01/2048 |
|
531,640 |
| St. Vrain Lakes Metropolitan District No. 2 Limited Tax GO Bonds Series 2017 A
(NR/NR) |
|
|
|
2,550,000 |
|
|
|
5.125 |
|
|
12/01/2047 |
|
2,695,809 |
| Sterling Hills West Metropolitan District GO Refunding Bonds
Series 2017
(NR/Baa1) |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
764,478 |
| Sterling Ranch Community Authority Board Limited Tax Special Senior RB Series 2017
A (MUN GOVT GTD) (NR/NR) |
|
|
|
8,920,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
9,275,640 |
|
|
|
18,750,000 |
|
|
|
5.000 |
|
|
12/01/2047 |
|
19,462,313 |
| Sterling Ranch Community Authority Board RB for Sterling Ranch Colorado
Metropolitan District No. 2 Series 2020 B (NR/NR) |
|
|
|
720,000 |
|
|
|
7.125 |
|
|
12/15/2050 |
|
741,038 |
| Sterling Ranch Community Authority Board RB Refunding for Sterling Ranch Colorado
Metropolitan District No. 2 Series 2020 A (NR/NR) |
|
|
|
2,500,000 |
|
|
|
4.250 |
|
|
12/01/2050 |
|
2,643,950 |
| Stone Creek Metropolitan District Limited Tax GO Bonds Series 2018 A
(NR/NR) |
|
|
|
2,000,000 |
|
|
|
5.625 |
|
|
12/01/2047 |
|
2,120,080 |
| Takoda Metropolitan District Limited Tax GO Refunding Bonds
Series 2018
(NR/Baa3) |
|
|
|
8,000,000 |
|
|
|
6.000 |
|
|
12/01/2050 |
|
9,644,560 |
| The Village Metropolitan District GO Refunding Bonds Series 2020
(NR/NR) |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
1,182,357 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,858,973 |
| Timberleaf Metropolitan District GO Bonds Series 2020 A (NR/NR) |
|
|
|
1,730,000 |
|
|
|
5.750 |
|
|
12/01/2050 |
|
1,852,363 |
| Timnath Ranch Metropolitan District No. 4 Limited Tax GO Refunding Improvement
Bonds Series 2018 A (NR/NR) |
|
|
|
880,000 |
|
|
|
5.250 |
|
|
12/01/2037 |
|
930,380 |
|
|
|
2,400,000 |
|
|
|
5.375 |
|
|
12/01/2047 |
|
2,525,520 |
| Vauxmont Metropolitan District GO Refunding Bonds Series 2020 (AGM)
(AA/NR) |
|
|
|
805,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
992,010 |
| Vauxmont Metropolitan District Limited Tax Convertible to Unlimited Tax GO
Refunding Bonds Series 2019 (AGM) (AA/NR) |
|
|
|
1,205,000 |
|
|
|
3.250 |
|
|
12/15/2050 |
|
1,296,255 |
| Village at Dry Creek Metropolitan District No. 2 GO Bonds for Thornton Adams
Series 2019 (NR/NR) |
|
|
|
1,570,000 |
|
|
|
4.375 |
|
|
12/01/2044 |
|
1,590,284 |
| Villages at Johnstown Metropolitan District No. 3 GO Bonds Series 2020 A
(NR/NR) |
|
|
|
580,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
600,648 |
|
|
|
1,020,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
1,039,288 |
| Vista Ridge Metropolitan District GO Refunding Bonds Limited Tax Subseries 2006 B
(NR/NR)(e) |
|
|
|
1,725,000 |
|
|
|
9.500 |
|
|
12/01/2021 |
|
1,895,879 |
| Westown Metropolitan District GO Bonds Series 2017 A (NR/NR)(e) |
|
|
|
873,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
941,897 |
| Whispering Pines Metropolitan District No. 1 GO Bonds Subordinated Series 2017
B (NR/NR) |
|
|
|
1,467,000 |
|
|
|
7.375 |
|
|
12/15/2047 |
|
1,530,418 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Whispering Pines Metropolitan District No. 1 GO Refunding &
Improvement Bonds Series 2017 A (NR/NR) |
| $ |
|
|
1,000,000 |
|
|
|
5.000 |
% |
|
12/01/2037 |
|
$ 1,049,790 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
12/01/2047 |
|
2,597,850 |
| Wildgrass at Rockrimmon Metropolitan District GO Bonds Series 2020 A (NR/NR)(a) |
|
|
|
980,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
1,048,845 |
| Wildgrass at Rockrimmon Metropolitan District GO Bonds Series 2020 B
(NR/NR) |
|
|
|
181,000 |
|
|
|
7.750 |
|
|
12/15/2050 |
|
192,461 |
| Wildwing Metropolitan District No. 5 GO Refunding & Improvement Bonds
Series 2018 A (NR/NR) |
|
|
|
3,470,000 |
|
|
|
5.375 |
|
|
12/01/2048 |
|
3,673,516 |
| Willow Bend Metropolitan District GO Bonds Series 2019 A (NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,048,940 |
| Windshire Park Metropolitan District No. 2 GO Refunding & Improvement
Bonds Senior Series 2017 A (NR/NR) |
|
|
|
1,500,000 |
|
|
|
6.500 |
|
|
12/01/2047 |
|
1,664,745 |
| Woodmen Heights Metropolitan District No. 2 GO Refunding Bonds Series 2020 B-1 (NR/NR) |
|
|
|
1,825,000 |
|
|
|
6.250 |
|
|
12/15/2040 |
|
1,868,234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
469,358,577 |
| |
| Connecticut – 0.7% |
| City of New Haven GO Bonds Series 2018 A (BBB+/NR) |
|
|
|
900,000 |
|
|
|
5.500 |
|
|
08/01/2034 |
|
1,077,822 |
|
|
|
500,000 |
|
|
|
5.500 |
|
|
08/01/2035 |
|
597,475 |
|
|
|
420,000 |
|
|
|
5.500 |
|
|
08/01/2036 |
|
500,422 |
|
|
|
400,000 |
|
|
|
5.500 |
|
|
08/01/2037 |
|
475,376 |
|
|
|
410,000 |
|
|
|
5.500 |
|
|
08/01/2038 |
|
486,145 |
| Connecticut State Health & Educational Facilities Authority RB for McLean
Affiliates Obligated Group Series 2020 A (BB+/NR)(a) |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
01/01/2045 |
|
1,239,424 |
|
|
|
1,650,000 |
|
|
|
5.000 |
|
|
01/01/2055 |
|
1,768,008 |
| Connecticut State Health & Educational Facilities Authority RB for Yale
University Series 2001 V-2 (AAA/Aaa)(f)(g) |
|
|
|
26,545,000 |
|
|
|
0.040 |
|
|
01/01/2021 |
|
26,545,000 |
| Connecticut State Health & Educational Facilities Authority RB Refunding
for The University of Hartford Series 2019 (BBB-/NR) |
|
|
|
1,015,000 |
|
|
|
4.000 |
|
|
07/01/2039 |
|
1,073,200 |
|
|
|
3,500,000 |
|
|
|
4.000 |
|
|
07/01/2044 |
|
3,651,340 |
|
|
|
3,500,000 |
|
|
|
4.000 |
|
|
07/01/2049 |
|
3,615,640 |
| Mohegan Tribal Finance Authority Tribal RB Economic Development Bonds Series 2015
(CCC+/NR)(a) |
|
|
|
20,200,000 |
|
|
|
7.000 |
|
|
02/01/2045 |
|
20,151,924 |
| State of Connecticut GO Bonds Series 2018 C (A/A1) |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
06/15/2032 |
|
573,336 |
| State of Connecticut GO Unlimited Bonds Series 2019 A (A/A1) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
04/15/2037 |
|
597,050 |
| Town of Hamden GO Refunding Bonds Series 2013 (AGM) (AA/A2) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/15/2023 |
|
548,265 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62,900,427 |
| |
| Delaware – 0.2% |
| Delaware Economic Development Authority RB for ACTS Retirement-Life Communities,
Inc. Obligated Group Series 2018 B (A-/NR) |
|
|
|
3,785,000 |
|
|
|
5.000 |
|
|
11/15/2048 |
|
4,341,811 |
| Delaware Health Facilities Authority RB Refunding for Bayhealth Medical Center
Obligated Group Series 2017 A (AA-/NR) |
|
|
|
6,130,000 |
|
|
|
4.000 |
|
|
07/01/2043 |
|
6,947,252 |
| Delaware State Economic Development Authority RB for First State Montessori
Academy, Inc. Series 2019 A (BBB-/NR) |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
08/01/2049 |
|
975,940 |
|
|
|
795,000 |
|
|
|
5.000 |
|
|
08/01/2054 |
|
904,050 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Delaware – (continued) |
| Delaware State Economic Development Authority RB for Newark Charter School, Inc.
Series 2020 (BBB+/NR) |
| $ |
|
|
1,900,000 |
|
|
|
5.000 |
% |
|
09/01/2050 |
|
$ 2,273,065 |
| Town of Bridgeville Special Tax Refunding for Heritage Shores Special Development
District Series 2020 (NR/Baa3) |
|
|
|
5,375,000 |
|
|
|
4.000 |
|
|
07/01/2035 |
|
5,796,722 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,238,840 |
| |
| District of Columbia – 1.0% |
| District of Columbia RB for International School Series 2019 (BBB/NR) |
|
|
|
1,275,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
1,478,745 |
|
|
|
1,140,000 |
|
|
|
5.000 |
|
|
07/01/2054 |
|
1,318,102 |
| District of Columbia RB for KIPP DC Obligated Group Series 2019
(BBB+/NR) |
|
|
|
655,000 |
|
|
|
4.000 |
|
|
07/01/2044 |
|
724,502 |
|
|
|
1,300,000 |
|
|
|
4.000 |
|
|
07/01/2049 |
|
1,427,881 |
| Metropolitan Washington Airports Authority Dulles Toll Road RB Second Senior Lien
Capital Appreciation for Dulles Metrorail and Capital Improvement Project Series 2009 C (ASSURED GTY) (AA/A3) |
|
|
|
25,000,000 |
|
|
|
6.500 |
|
|
10/01/2041 |
|
31,345,000 |
| Metropolitan Washington Airports Authority Dulles Toll Road RB Second Senior Lien
Capital Appreciation for Dulles Metrorail and Capital Improvement Project Series 2010 B (A-/Baa1) |
|
|
|
37,100,000 |
|
|
|
6.500 |
|
|
10/01/2044 |
|
48,952,708 |
| Metropolitan Washington Airports Authority Dulles Toll Road RB
Series 2019 B (A-/Baa2) |
|
|
|
815,000 |
|
|
|
4.000 |
|
|
10/01/2044 |
|
923,444 |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
10/01/2047 |
|
1,312,725 |
|
|
|
1,610,000 |
|
|
|
4.000 |
|
|
10/01/2049 |
|
1,809,157 |
|
|
|
2,955,000 |
|
|
|
4.000 |
|
|
10/01/2053 |
|
3,305,345 |
| Metropolitan Washington Airports Authority Dulles Toll Road RB
Series 2019 B
(AGM) (AA/A2) |
|
|
|
2,470,000 |
|
|
|
3.000 |
|
|
10/01/2050 |
|
2,552,646 |
|
|
|
4,095,000 |
|
|
|
4.000 |
|
|
10/01/2053 |
|
4,628,579 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
99,778,834 |
| |
| Florida – 14.4% |
| Aberdeen Community Development District Special Assessment Refunding Series 2020 A-2 (NR/NR) |
|
|
|
3,725,000 |
|
|
|
4.750 |
|
|
05/01/2036 |
|
4,098,692 |
| Aberdeen Community Development District Special Assessment
Series 2018
(NR/NR) |
|
|
|
630,000 |
|
|
|
5.000 |
|
|
05/01/2039 |
|
691,009 |
|
|
|
1,030,000 |
|
|
|
5.100 |
|
|
05/01/2049 |
|
1,128,561 |
| Academical Village Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
|
1,580,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
1,634,020 |
|
|
|
5,755,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
6,003,789 |
| Alta Lakes Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
500,000 |
|
|
|
3.750 |
|
|
05/01/2029 |
|
533,690 |
| Amelia National Community Development District Special Assessment for Capital
Improvement Series 2004 A (NR/NR) |
|
|
|
2,895,000 |
|
|
|
6.300 |
|
|
05/01/2035 |
|
2,949,136 |
| Anthem Park Community Development District Special Assessment RB Refunding Senior
Series 2016 A-1 (A-/NR) |
|
|
|
1,725,000 |
|
|
|
3.500 |
|
|
05/01/2031 |
|
1,848,148 |
| Arborwood Community Development District RB Capital Improvement Refunding Senior
Lien Series 2018 A-1 (AGM) (AA/NR) |
|
|
|
3,970,000 |
|
|
|
3.500 |
|
|
05/01/2032 |
|
4,522,306 |
|
|
|
6,700,000 |
|
|
|
3.700 |
|
|
05/01/2036 |
|
7,605,773 |
| Arborwood Community Development District RB Capital Improvement Refunding
Subordinate Lien Series 2018 A-2 (NR/NR) |
|
|
|
740,000 |
|
|
|
4.625 |
|
|
05/01/2028 |
|
782,868 |
|
|
|
1,810,000 |
|
|
|
5.000 |
|
|
05/01/2036 |
|
1,975,706 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Arborwood Community Development District Special Assessment Capital Improvement
Refunding Series 2014 B (NR/NR) |
| $ |
|
|
2,530,000 |
|
|
|
6.900 |
% |
|
05/01/2025 |
|
$ 2,583,484 |
| Arborwood Community Development District Special Assessment Capital Improvement
Refunding Series 2014 B A-1 (NR/NR) |
|
|
|
3,560,000 |
|
|
|
6.900 |
|
|
05/01/2036 |
|
3,619,523 |
| Arborwood Community Development District Special Assessment Capital Improvement
Refunding Series 2014 B A-2 (NR/NR) |
|
|
|
930,000 |
|
|
|
6.900 |
|
|
05/01/2036 |
|
939,458 |
| Armstrong Community Development District Special Assessment for Assessment Area Two
Project Series 2019 A (NR/NR) |
|
|
|
530,000 |
|
|
|
4.000 |
|
|
11/01/2040 |
|
549,743 |
|
|
|
3,320,000 |
|
|
|
4.000 |
|
|
11/01/2050 |
|
3,418,006 |
| Artisan Lakes East Community Development District RB for Capital Improvement Series
2018 (NR/NR)(a) |
|
|
|
1,845,000 |
|
|
|
5.100 |
|
|
05/01/2039 |
|
2,022,932 |
|
|
|
3,080,000 |
|
|
|
5.200 |
|
|
05/01/2049 |
|
3,373,524 |
| Avalon Groves Community Development District Special Assessment for Assessment Area
One Phase 1 Project 1 & 2 Series 2019 (NR/NR) |
|
|
|
660,000 |
|
|
|
4.375 |
|
|
11/01/2049 |
|
706,101 |
| Avalon Groves Community Development District Special Assessment for Assessment Area
One Project Series 2017 (NR/NR) |
|
|
|
740,000 |
|
|
|
5.750 |
|
|
05/01/2048 |
|
869,130 |
| Avalon Groves Community Development District Special Assessment for Assessment Area
Two Project Series 2017 A-1 (NR/NR) |
|
|
|
1,840,000 |
|
|
|
6.000 |
|
|
05/01/2048 |
|
2,206,344 |
| Avalon Park West Community Development District Special Assessment Refunding Series
2020 (NR/NR) |
|
|
|
580,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
598,426 |
|
|
|
880,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
911,161 |
| Aviary at Rutland Ranch Community Development District Special Assessment Refunding
for Area 1 Project Series 2019 (NR/NR)(a) |
|
|
|
900,000 |
|
|
|
4.500 |
|
|
06/01/2039 |
|
978,930 |
|
|
|
1,630,000 |
|
|
|
4.625 |
|
|
06/01/2049 |
|
1,756,325 |
| Babcock Ranch Community Independent Special District Special Assessment Area 2C
Series 2020 (NR/NR) |
|
|
|
550,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
578,996 |
| Babcock Ranch Community Independent Special District Special Assessment Area 3A
Series 2020 (NR/NR) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,052,720 |
| Babcock Ranch Community Independent Special District Special Assessment Area 3B
Series 2020 (NR/NR) |
|
|
|
390,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
410,561 |
| Babcock Ranch Community Independent Special District Special Assessment RB Series
2015 (NR/NR) |
|
|
|
110,000 |
|
|
|
4.250 |
|
|
11/01/2021 |
|
111,535 |
|
|
|
915,000 |
|
|
|
4.750 |
|
|
11/01/2026 |
|
985,080 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
11/01/2031 |
|
752,619 |
|
|
|
6,020,000 |
|
|
|
5.250 |
|
|
11/01/2046 |
|
6,483,420 |
| Babcock Ranch Community Independent Special District Special Assessment RB Series
2018 (NR/NR)(a) |
|
|
|
935,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
1,044,330 |
|
|
|
750,000 |
|
|
|
5.125 |
|
|
11/01/2049 |
|
844,800 |
| Bannon Lakes Community Development District Special Assessment RB Series 2016
(NR/NR) |
|
|
|
265,000 |
|
|
|
4.500 |
|
|
11/01/2025 |
|
279,954 |
|
|
|
965,000 |
|
|
|
5.000 |
|
|
11/01/2036 |
|
1,086,455 |
|
|
|
1,065,000 |
|
|
|
5.000 |
|
|
11/01/2048 |
|
1,187,326 |
| Bartram Park Community Development District Special Assessment RB Refunding for
City of Jacksonville Florida Senior Lien Series 2015 A-1 (A-/NR) |
|
|
|
1,855,000 |
|
|
|
4.250 |
|
|
05/01/2029 |
|
2,074,688 |
| Bartram Park Community Development District Special Assessment RB Refunding for
City of Jacksonville Subordinate Lien Series 2015 A-2 (NR/NR) |
|
|
|
915,000 |
|
|
|
5.000 |
|
|
05/01/2035 |
|
982,152 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Bay Laurel Center Community Development District Special Assessment RB Refunding
Series 2016 Candler (BBB+/NR) |
| $ |
|
|
930,000 |
|
|
|
3.750 |
% |
|
05/01/2031 |
|
$ 1,050,602 |
|
|
|
1,075,000 |
|
|
|
4.000 |
|
|
05/01/2037 |
|
1,180,651 |
| Baywinds Community Development District Senior Special Assessment Refunding Bonds
Series 2017 A-1 (A+/NR) |
|
|
|
1,610,000 |
|
|
|
4.250 |
|
|
05/01/2031 |
|
1,852,385 |
|
|
|
2,810,000 |
|
|
|
4.250 |
|
|
05/01/2037 |
|
3,187,355 |
| Beaumont Community Development District Special Assessment Bonds for Assessment
Area Two-Commercial Project Series 2019 (NR/NR)(a) |
|
|
|
2,620,000 |
|
|
|
6.375 |
|
|
11/01/2049 |
|
2,863,477 |
| Bellagio Community Development District Special Assessment Bonds Series 2013
(BBB/NR) |
|
|
|
535,000 |
|
|
|
6.000 |
|
|
11/01/2027 |
|
625,372 |
|
|
|
490,000 |
|
|
|
3.750 |
|
|
11/01/2031 |
|
509,527 |
|
|
|
2,980,000 |
|
|
|
6.500 |
|
|
11/01/2043 |
|
3,792,140 |
|
|
|
1,495,000 |
|
|
|
4.125 |
|
|
11/01/2046 |
|
1,532,838 |
| Belmond Reserve Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
1,045,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
1,095,923 |
|
|
|
1,630,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,673,260 |
| Belmont Community Development District Capital Improvement Phase 1 Project Series
2013 A (NR/NR) |
|
|
|
770,000 |
|
|
|
6.125 |
|
|
11/01/2033 |
|
936,127 |
|
|
|
1,000,000 |
|
|
|
6.500 |
|
|
11/01/2043 |
|
1,265,350 |
| Belmont II Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
1,285,000 |
|
|
|
3.625 |
|
|
12/15/2040 |
|
1,320,145 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
12/15/2050 |
|
1,041,670 |
| Bexley Community Development District Special Assessment Bonds Series 2016
(NR/NR) |
|
|
|
105,000 |
|
|
|
3.500 |
|
|
05/01/2021 |
|
105,351 |
|
|
|
500,000 |
|
|
|
4.100 |
|
|
05/01/2026 |
|
529,000 |
|
|
|
1,755,000 |
|
|
|
4.700 |
|
|
05/01/2036 |
|
1,854,631 |
|
|
|
3,200,000 |
|
|
|
4.875 |
|
|
05/01/2047 |
|
3,373,664 |
| Black Creek Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
325,000 |
|
|
|
3.750 |
|
|
06/15/2040 |
|
337,321 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
983,421 |
| Blue Lake Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
900,000 |
|
|
|
4.250 |
|
|
06/15/2039 |
|
962,550 |
|
|
|
2,650,000 |
|
|
|
4.500 |
|
|
06/15/2049 |
|
2,844,245 |
| Botaniko Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
565,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
581,447 |
|
|
|
1,590,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,638,654 |
| Bridgewater Community Development District Special Assessment Refunding Bonds for
Assessment Area Two Series 2015 (NR/NR) |
|
|
|
6,995,000 |
|
|
|
5.750 |
|
|
05/01/2035 |
|
7,892,668 |
| Brookstone Community Development District Special Assessment RB Series 2018 (NR/NR)(a) |
|
|
|
310,000 |
|
|
|
3.875 |
|
|
11/01/2023 |
|
316,352 |
| Campo Bello Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
12/15/2039 |
|
1,044,350 |
|
|
|
1,350,000 |
|
|
|
4.000 |
|
|
12/15/2049 |
|
1,399,639 |
| Capital Trust Agency Student Housing RB for American Eagle Obligated Group Series
2018 A-1 (NR/NR) |
|
|
|
31,915,000 |
|
|
|
5.875 |
|
|
07/01/2054 |
|
25,571,894 |
| Capital Trust Agency Student Housing RB for University Bridge LLC Series 2018 A
(NR/Ba2)(a) |
|
|
|
58,380,000 |
|
|
|
5.250 |
|
|
12/01/2058 |
|
61,913,158 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Capital Trust Agency, Inc. RB for Imagine-Pasco County LLC
Series 2020 A
(NR/Ba1)(a) |
| $ |
|
|
1,155,000 |
|
|
|
5.000 |
% |
|
12/15/2049 |
|
$ 1,289,141 |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
12/15/2054 |
|
1,194,680 |
| Capital Trust Agency, Inc. RB for Liza Jackson Preparatory School, Inc. Series 2020
A (NR/Baa3) |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
328,113 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
08/01/2055 |
|
873,278 |
| Capital Trust Agency, Inc. RB for University Bridge LLC Series 2018 A (NR/Ba2)(a) |
|
|
|
525,000 |
|
|
|
5.250 |
|
|
12/01/2043 |
|
563,561 |
| Carlton Lakes Community Development District Special Assessment RB Series 2018
(NR/NR) |
|
|
|
290,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
296,215 |
|
|
|
500,000 |
|
|
|
5.125 |
|
|
05/01/2038 |
|
537,775 |
|
|
|
1,000,000 |
|
|
|
5.250 |
|
|
05/01/2049 |
|
1,074,560 |
| Centre Lake Community Development District Special Assessment Series 2016
(NR/NR) |
|
|
|
375,000 |
|
|
|
4.125 |
|
|
12/15/2027 |
|
399,656 |
|
|
|
500,000 |
|
|
|
4.500 |
|
|
12/15/2032 |
|
543,670 |
|
|
|
975,000 |
|
|
|
4.700 |
|
|
12/15/2037 |
|
1,061,843 |
| Century Parc Community Development District Special Assessment Refunding Series
2012 (A/NR) |
|
|
|
210,000 |
|
|
|
3.750 |
|
|
11/01/2021 |
|
216,069 |
|
|
|
215,000 |
|
|
|
3.875 |
|
|
11/01/2022 |
|
224,520 |
|
|
|
25,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
26,180 |
|
|
|
1,705,000 |
|
|
|
4.500 |
|
|
11/01/2031 |
|
1,782,748 |
| Century Park South Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
|
675,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
700,333 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
775,410 |
| Chapel Crossings Community Development District Special Assessment Series 2020
(NR/NR)(a) |
|
|
|
1,720,000 |
|
|
|
3.700 |
|
|
05/01/2040 |
|
1,749,842 |
|
|
|
3,010,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
3,078,146 |
| Charles Cove Community Development District Special Assessment bond Series 2020
(NR/NR) |
|
|
|
1,510,000 |
|
|
|
4.375 |
|
|
05/01/2050 |
|
1,597,006 |
| Charlotte County Industrial Development Authority Utility System RB for
Town & Country Utilities Project Series 2015 (AMT) (NR/NR)(a) |
|
|
|
900,000 |
|
|
|
5.500 |
|
|
10/01/2036 |
|
998,001 |
| Charlotte County Industrial Development Authority Utility System RB for
Town & Country Utilities Project Series 2019 (NR/NR)(a) |
|
|
|
5,400,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
6,026,184 |
| City of Cape Coral Water & Sewer RB Refunding Series 2015
(A+/A1) |
|
|
|
1,750,000 |
|
|
|
4.000 |
|
|
10/01/2034 |
|
1,956,973 |
| City of Jacksonville RB Refunding for Genesis Health, Inc. Obligated Group Series
2020 (A/NR) |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
11/01/2045 |
|
2,270,300 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
11/01/2050 |
|
6,062,700 |
| City of Tampa RB for H Lee Moffitt Cancer Center & Research Institute
Obligated Group Series 2020 B (A-/A2) |
|
|
|
1,495,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
1,724,737 |
|
|
|
1,740,000 |
|
|
|
5.000 |
|
|
07/01/2050 |
|
2,166,143 |
| City of Venice RB for Southwest Florida Retirement Center, Inc. Obligated Group
Project Series 2019 (BBB-/NR) |
|
|
|
480,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
528,307 |
|
|
|
1,725,000 |
|
|
|
5.000 |
|
|
01/01/2047 |
|
1,873,540 |
|
|
|
1,615,000 |
|
|
|
5.000 |
|
|
01/01/2052 |
|
1,746,332 |
| CityPlace Community Development District Special Assessment Convertible Capital
Appreciation RB Series 2018 (AGM) (AA/A2)(b) |
|
|
|
25,620,000 |
|
|
|
0.000 |
|
|
05/01/2046 |
|
28,541,961 |
| CityPlace Community Development District Special Assessment RB Refunding Series
2012 (A/NR) |
|
|
|
2,250,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
2,581,492 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Coco Palms Community Development District Expansion Area Project Special Assessment
Bonds Series 2019 (NR/NR)(a) |
| $ |
|
|
500,000 |
|
|
|
4.750 |
% |
|
06/15/2039 |
|
$ 556,785 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/15/2049 |
|
1,110,790 |
| Concord Station Community Development District Capital Improvement RB Refunding
Senior Lien Series 2016 A-1 (A/NR) |
|
|
|
2,990,000 |
|
|
|
3.500 |
|
|
05/01/2032 |
|
3,229,858 |
|
|
|
1,500,000 |
|
|
|
3.625 |
|
|
05/01/2035 |
|
1,616,085 |
|
|
|
1,750,000 |
|
|
|
3.750 |
|
|
05/01/2046 |
|
1,854,790 |
| Concorde Estates Community Development District RB for Capital Improvement Series
2017 B (NR/NR)(c) |
|
|
|
1,130,000 |
|
|
|
0.000 |
|
|
11/01/2027 |
|
728,466 |
| Concorde Estates Community Development District Special Assessment for Capital
Improvement Series 2004 A (NR/NR)* |
|
|
|
3,305,000 |
|
|
|
5.850 |
|
|
05/01/2035 |
|
33 |
| Concorde Estates Community Development District Special Assessment for Capital
Improvement Series 2004 B (NR/NR)* |
|
|
|
3,980,000 |
|
|
|
5.000 |
|
|
05/01/2011 |
|
40 |
| Concorde Estates Community Development District Special Assessment for Capital
Improvement Series 2011 A-1 (NR/NR) |
|
|
|
3,195,000 |
|
|
|
5.850 |
|
|
05/01/2035 |
|
3,204,553 |
| Concorde Estates Community Development District Special Assessment for Capital
Improvement Series 2011 A-2 (NR/NR) |
|
|
|
1,370,000 |
|
|
|
5.850 |
|
|
05/01/2035 |
|
1,370,795 |
| Concorde Estates Community Development District Special Assessment for Capital
Improvement Series 2011 B (NR/NR)*(c) |
|
|
|
2,939,931 |
|
|
|
0.000 |
|
|
11/01/2017 |
|
1,558,163 |
| Copper Creek Community Development District Special Assessment Bonds Series 2019
(NR/NR)(a) |
|
|
|
180,000 |
|
|
|
3.875 |
|
|
11/01/2024 |
|
185,629 |
|
|
|
270,000 |
|
|
|
4.000 |
|
|
11/01/2029 |
|
291,219 |
|
|
|
500,000 |
|
|
|
4.750 |
|
|
11/01/2038 |
|
562,115 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
1,118,810 |
| Copperspring Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
12/15/2039 |
|
447,100 |
|
|
|
1,000,000 |
|
|
|
4.250 |
|
|
12/15/2049 |
|
1,057,950 |
| Coral Keys Homes Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
|
535,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
567,576 |
|
|
|
760,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
791,616 |
| Corkscrew Farms Community Development District Special Assessment for Assessment
Area Two Project Series 2017 (NR/NR)(a) |
|
|
|
3,120,000 |
|
|
|
5.125 |
|
|
11/01/2050 |
|
3,465,883 |
| Coronado Community Development District Special Assessment Refunding &
Improvement Bonds Series 2017 (BBB/NR) |
|
|
|
782,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
881,572 |
|
|
|
1,407,000 |
|
|
|
4.250 |
|
|
05/01/2038 |
|
1,574,081 |
| Country Walk Community Development District Special Assessment RB Refunding Senior
Lien Series 2015 A-1 (AA/NR) |
|
|
|
960,000 |
|
|
|
3.750 |
|
|
05/01/2029 |
|
1,054,483 |
| County of Broward RB for Airport System Series 2019 A (AMT) (A/A1) |
|
|
|
4,505,000 |
|
|
|
4.000 |
|
|
10/01/2049 |
|
5,081,189 |
| County of Broward RB for Port Facilities Senior Bonds Series 2019 B (AMT)
(A/A1) |
|
|
|
2,060,000 |
|
|
|
4.000 |
|
|
09/01/2044 |
|
2,284,540 |
| County of Lake RB Refunding for Waterman Communities, Inc.
Series 2020 A
(NR/NR) |
|
|
|
4,000,000 |
|
|
|
5.750 |
|
|
08/15/2050 |
|
4,302,360 |
|
|
|
2,000,000 |
|
|
|
5.750 |
|
|
08/15/2055 |
|
2,135,280 |
| County of Osceola Transportation RB Refunding Series 2019 A-1 (BBB+/NR) |
|
|
|
1,340,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
1,606,258 |
|
|
|
1,610,000 |
|
|
|
4.000 |
|
|
10/01/2054 |
|
1,768,005 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Covington Park Community Development District Special Assessment RB for Capital
Improvement Series 2018 (BBB/NR) |
| $ |
|
|
500,000 |
|
|
|
4.000 |
% |
|
05/01/2038 |
|
$ 556,060 |
|
|
|
1,175,000 |
|
|
|
4.125 |
|
|
05/01/2048 |
|
1,300,008 |
| Creek Preserve Community Development District Special Assessment RB Series 2019
(NR/NR)(a) |
|
|
|
1,570,000 |
|
|
|
4.700 |
|
|
11/01/2039 |
|
1,712,022 |
|
|
|
2,500,000 |
|
|
|
4.750 |
|
|
11/01/2049 |
|
2,715,475 |
| Creek Preserve Community Development District Special Assessment RB Series 2020
(NR/NR)(a) |
|
|
|
175,000 |
|
|
|
3.625 |
|
|
11/01/2040 |
|
175,280 |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
11/01/2050 |
|
381,701 |
| Cypress Bluff Community Development District Special Assessment for Del WEBB
Project Series 2020 A (NR/NR)(a) |
|
|
|
1,175,000 |
|
|
|
3.800 |
|
|
05/01/2050 |
|
1,212,236 |
| Cypress Mill Community Development District Special Assessment for Area Two Project
Series 2020 (NR/NR) |
|
|
|
525,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
552,426 |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
1,553,730 |
| Cypress Park Estates Community Development District Special Assessment Area 1
Project Series 2020 (NR/NR)(a) |
|
|
|
1,175,000 |
|
|
|
3.875 |
|
|
05/01/2040 |
|
1,213,634 |
|
|
|
1,210,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,239,028 |
| Cypress Park Estates Community Development District Special Assessment Area 2
Project Series 2020 (NR/NR)(a) |
|
|
|
580,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
600,300 |
|
|
|
605,000 |
|
|
|
4.125 |
|
|
05/01/2051 |
|
621,244 |
| Davenport Road South Community Development District Special Assessment Bonds Series
2018 (NR/NR)(a) |
|
|
|
3,170,000 |
|
|
|
5.125 |
|
|
11/01/2048 |
|
3,573,287 |
| Deer Run Community Development District Special Assessment RB Refunding Series 2018
(NR/NR) |
|
|
|
1,670,000 |
|
|
|
5.400 |
|
|
05/01/2039 |
|
1,843,129 |
|
|
|
2,645,000 |
|
|
|
5.500 |
|
|
05/01/2044 |
|
2,941,557 |
| Del Webb Bexley Community Development District Special Assessment Series 2018
(NR/NR) |
|
|
|
2,655,000 |
|
|
|
5.400 |
|
|
05/01/2049 |
|
2,928,863 |
| DG Farms Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
|
935,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
934,953 |
| Downtown Doral South Community Development District Special Assessment Bonds Series
2018 (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
4.750 |
|
|
12/15/2038 |
|
1,149,080 |
|
|
|
2,995,000 |
|
|
|
5.000 |
|
|
12/15/2048 |
|
3,428,466 |
| Durbin Crossing Community Development District Special Assessment Refunding Senior
Series 2017 A-1 (AGM) (AA/NR) |
|
|
|
3,090,000 |
|
|
|
3.750 |
|
|
05/01/2034 |
|
3,459,781 |
|
|
|
4,275,000 |
|
|
|
4.000 |
|
|
05/01/2037 |
|
4,764,359 |
| Eagle Pointe Community Development District Special Assessment Bonds Series 2020
(NR/NR)(a) |
|
|
|
950,000 |
|
|
|
4.125 |
|
|
05/01/2040 |
|
1,013,593 |
|
|
|
3,785,000 |
|
|
|
4.125 |
|
|
05/01/2051 |
|
4,010,359 |
| East Bonita Beach Road Community Development District Special Assessment Bonds
Series 2018 (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2048 |
|
1,077,340 |
| East Homestead Community Development District Special Assessment Expansion Area
Bonds Project Series 2019 (NR/NR) |
|
|
|
500,000 |
|
|
|
4.750 |
|
|
11/01/2039 |
|
549,855 |
|
|
|
920,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
1,012,184 |
| Eden Hills Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
197,188 |
|
|
|
500,000 |
|
|
|
4.125 |
|
|
05/01/2051 |
|
512,830 |
| Enbrook Community Development District Special Assessment
Series 2020 (NR/NR)(a) |
|
|
|
1,145,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,192,941 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Escambia County Health Facilities Authority RB Refunding for Baptist Hospital, Inc.
Project Series 2020 A (AGM) (AA/A2) |
| $ |
|
|
4,745,000 |
|
|
|
3.000 |
% |
|
08/15/2050 |
|
$ 4,989,652 |
| Escambia County Health Facilities Authority RB Refunding for Baptist Hospital, Inc.
Project Series 2020 A (AGM-CR) (AA/A2) |
|
|
|
3,240,000 |
|
|
|
4.000 |
|
|
08/15/2045 |
|
3,695,706 |
| Escambia County Health Facilities Authority RB Refunding for Baptist Hospital, Inc.
Project Series 2020 A (BBB+/Baa2) |
|
|
|
7,640,000 |
|
|
|
4.000 |
|
|
08/15/2045 |
|
8,508,286 |
|
|
|
6,690,000 |
|
|
|
4.000 |
|
|
08/15/2050 |
|
7,378,267 |
| Esplanade Lake Club Community Development District Special Assessment for Capital
Improvement Program Series 2019 A-1 (NR/NR) |
|
|
|
985,000 |
|
|
|
4.000 |
|
|
11/01/2040 |
|
1,042,012 |
|
|
|
3,560,000 |
|
|
|
4.125 |
|
|
11/01/2050 |
|
3,744,052 |
| Esplanade Lake Club Community Development District Special Assessment for Capital
Improvement Program Series 2019 A-2 (NR/NR) |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
11/01/2040 |
|
370,258 |
|
|
|
2,685,000 |
|
|
|
4.125 |
|
|
11/01/2050 |
|
2,823,814 |
| Estancia at Wiregrass Community Development District Capital Improvement RB Series
2013 (NR/NR) |
|
|
|
800,000 |
|
|
|
6.375 |
|
|
11/01/2026 |
|
900,200 |
|
|
|
3,245,000 |
|
|
|
7.000 |
|
|
11/01/2045 |
|
3,920,771 |
| Estancia at Wiregrass Community Development District Capital Improvement RB Series
2015 (NR/NR) |
|
|
|
900,000 |
|
|
|
5.250 |
|
|
11/01/2035 |
|
960,282 |
|
|
|
1,360,000 |
|
|
|
5.375 |
|
|
11/01/2046 |
|
1,451,555 |
| Evergreen Community Development District Special Assessment RB Series 2019 (NR/NR)(a) |
|
|
|
1,245,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
1,373,584 |
|
|
|
1,800,000 |
|
|
|
5.125 |
|
|
11/01/2049 |
|
1,978,686 |
| Fiddlers Creek Community Development District No. 2 Special Assessment
Refunding Series 2019 (NR/NR) |
|
|
|
2,550,000 |
|
|
|
5.000 |
|
|
05/01/2035 |
|
3,013,208 |
| Finley Woods Community Development District Special Assessment for Assessment Area
One Series 2020 (NR/NR) |
|
|
|
185,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
194,250 |
|
|
|
500,000 |
|
|
|
4.200 |
|
|
05/01/2050 |
|
524,940 |
| Fishhawk Community Development District II Special Assessment RB Refunding Series
2013 A (A-/NR) |
|
|
|
1,475,000 |
|
|
|
4.375 |
|
|
05/01/2034 |
|
1,556,390 |
| Fishhawk Ranch Community Development District Special Assessment Refunding Bonds
Series 2020 (AGM) (AA/NR) |
|
|
|
1,250,000 |
|
|
|
3.000 |
|
|
11/01/2041 |
|
1,284,150 |
| Florida Development Finance Corp. RB for Discovery High School & Discovery
Academy of Lake Alfred Obligated Group Series 2020 A (NR/NR)(a) |
|
|
|
1,650,000 |
|
|
|
5.000 |
|
|
06/01/2040 |
|
1,760,666 |
|
|
|
2,595,000 |
|
|
|
5.000 |
|
|
06/01/2055 |
|
2,731,263 |
| Florida Development Finance Corp. RB for Imagine School at Broward Series 2019 A
(NR/Baa3)(a) |
|
|
|
4,650,000 |
|
|
|
5.000 |
|
|
12/15/2049 |
|
5,372,982 |
| Florida Development Finance Corp. RB for Mayflower Retirement Center, Inc.
Obligated Group Series 2020 A (BB+/NR)(a) |
|
|
|
2,005,000 |
|
|
|
5.250 |
|
|
06/01/2050 |
|
2,230,723 |
|
|
|
3,560,000 |
|
|
|
5.250 |
|
|
06/01/2055 |
|
3,939,140 |
| Florida Development Finance Corp. RB for United Cerebral Palsy of Central Florida,
Inc. Series 2020 A (NR/NR) |
|
|
|
830,000 |
|
|
|
5.000 |
|
|
06/01/2040 |
|
879,983 |
|
|
|
1,850,000 |
|
|
|
5.000 |
|
|
06/01/2050 |
|
1,937,283 |
| Florida Development Finance Corp. RB Refunding for Brightline Trains Florida LLC
Series 2019 B (AMT) (NR/NR)(a) |
|
|
|
23,530,000 |
|
|
|
7.375 |
|
|
01/01/2049 |
|
23,005,752 |
| Florida Development Finance Corp. RB Refunding for Renaissance Charter School, Inc.
Series 2020 C (NR/NR)(a) |
|
|
|
2,085,000 |
|
|
|
5.000 |
|
|
09/15/2050 |
|
2,261,037 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Florida Development Finance Corp. RB Refunding for Virgin Trains USA Florida LLC
Series 2019 A (AMT) (NR/NR)(a)(f)(g) |
| $ |
|
|
1,160,000 |
|
|
|
6.250 |
% |
|
01/01/2024 |
|
$ 1,137,195 |
|
|
|
14,940,000 |
|
|
|
6.375 |
|
|
01/01/2026 |
|
14,461,621 |
|
|
|
34,195,000 |
|
|
|
6.500 |
|
|
01/01/2029 |
|
32,873,363 |
| Florida Higher Educational Facilities Financial Authority RB for Jacksonville
University Project Series 2018 A-1 (NR/NR)(a) |
|
|
|
1,750,000 |
|
|
|
4.750 |
|
|
06/01/2038 |
|
1,828,785 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
06/01/2048 |
|
3,147,390 |
| Florida Higher Educational Facilities Financial Authority RB Refunding for St. Leo
University, Inc. Obligated Group Series 2019 (BBB-/NR) |
|
|
|
2,580,000 |
|
|
|
5.000 |
|
|
03/01/2044 |
|
2,822,700 |
|
|
|
5,805,000 |
|
|
|
5.000 |
|
|
03/01/2049 |
|
6,310,790 |
| Florida Higher Educational Facilities Financial Authority RB Ringling College of
Art and Design, Inc. Series 2017 (BBB+/NR) |
|
|
|
6,060,000 |
|
|
|
5.000 |
|
|
03/01/2047 |
|
6,724,358 |
| Florida Higher Educational Facilities Financing Authority RB Refunding for Nova
Southeastern University Project Series 2012 A (A-/NR)(e) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
635,232 |
|
|
|
5,830,000 |
|
|
|
5.250 |
|
|
04/01/2022 |
|
6,190,352 |
| Flow Way Community Development District Special Assessment Bonds for Phase 6
Project Series 2017 (NR/NR) |
|
|
|
725,000 |
|
|
|
5.000 |
|
|
11/01/2047 |
|
803,003 |
| Flow Way Community Development District Special Assessment Bonds for Phase 7 &
8 Project Series 2019 (NR/NR) |
|
|
|
1,000,000 |
|
|
|
4.125 |
|
|
11/01/2039 |
|
1,068,120 |
|
|
|
4,580,000 |
|
|
|
4.375 |
|
|
11/01/2049 |
|
4,912,279 |
| Fontainbleau Lakes Community Development District Special Assessment RB Refunding
Series 2016 (BBB+/NR) |
|
|
|
700,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
777,966 |
|
|
|
1,000,000 |
|
|
|
4.125 |
|
|
05/01/2038 |
|
1,091,660 |
| Forest Brooke Community Development District Special Assessment Bonds Series 2019 A-1 (BBB/NR) |
|
|
|
1,855,000 |
|
|
|
3.250 |
|
|
11/01/2049 |
|
1,910,687 |
| Forest Brooke Community Development District Special Assessment Subordinated Bonds
Series 2019 A-2 (NR/NR) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
11/01/2049 |
|
259,792 |
| Forest Lake Community Development District Special Assessment for Assessment Area1
Series 2020 (NR/NR)(a) |
|
|
|
1,280,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
1,341,914 |
|
|
|
1,190,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,228,318 |
| Grand Oaks Community Development District Special Assessment Bonds Assessment Area
2 Series 2020 (NR/NR) |
|
|
|
1,100,000 |
|
|
|
4.250 |
|
|
05/01/2040 |
|
1,133,352 |
|
|
|
1,375,000 |
|
|
|
4.500 |
|
|
05/01/2052 |
|
1,422,039 |
| Greater Orlando Aviation Authority Airport Facilities RB Refunding for Jetblue
Airways Corp. Project Series 2013 (NR/NR) |
|
|
|
3,165,000 |
|
|
|
5.000 |
|
|
11/15/2026 |
|
3,308,469 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
11/15/2036 |
|
5,177,100 |
| Greater Orlando Aviation Authority Priority Subordinated Airport Facilities RB
Series 2017 A (AMT) (A/A1) |
|
|
|
3,540,000 |
|
|
|
5.000 |
|
|
10/01/2047 |
|
4,198,051 |
| Gulfstream Polo Community Development District Special Assessment Phase#2 Project
Series 2019 (NR/NR) |
|
|
|
3,000,000 |
|
|
|
4.375 |
|
|
11/01/2049 |
|
3,220,020 |
| Hacienda Lakes Community Development District Special Assessment Refunding Series
2016 (NR/NR) |
|
|
|
1,520,000 |
|
|
|
4.500 |
|
|
05/01/2036 |
|
1,623,603 |
|
|
|
2,295,000 |
|
|
|
4.625 |
|
|
05/01/2046 |
|
2,423,268 |
| Hammock Reserve Community Development District Special Assessment for Assessment
Area One Project Series 2020 (NR/NR) |
|
|
|
540,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
564,802 |
|
|
|
860,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
884,940 |
| Harbor Bay Community Development District Special Assessment RB Refunding Series
2019 A-2 (NR/NR) |
|
|
|
925,000 |
|
|
|
3.750 |
|
|
05/01/2034 |
|
986,540 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Harbor Bay Community Development District Special Assessment RB Series 2019 A-1 (NR/NR) |
| $ |
|
|
2,060,000 |
|
|
|
3.875 |
% |
|
05/01/2039 |
|
$ 2,199,647 |
|
|
|
1,400,000 |
|
|
|
4.100 |
|
|
05/01/2048 |
|
1,497,496 |
| Hawks Point Community Development District Special Assessment Refunding Senior
Series 2017 A-1 (A-/NR)(a) |
|
|
|
1,725,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
1,950,837 |
|
|
|
1,335,000 |
|
|
|
4.250 |
|
|
05/01/2035 |
|
1,502,369 |
|
|
|
1,810,000 |
|
|
|
4.250 |
|
|
05/01/2039 |
|
2,021,553 |
| Hawkstone Community Development District Special Assessment Area 1 RB Series 2019
(NR/NR) |
|
|
|
640,000 |
|
|
|
3.875 |
|
|
11/01/2039 |
|
671,450 |
|
|
|
1,150,000 |
|
|
|
4.000 |
|
|
11/01/2051 |
|
1,195,931 |
| Hawkstone Community Development District Special Assessment Area 2 RB Series 2019
(NR/NR) |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
11/01/2039 |
|
209,414 |
|
|
|
500,000 |
|
|
|
4.250 |
|
|
11/01/2051 |
|
526,275 |
| Heritage Harbour North Community Development District Special Assessment Series
2014 (NR/NR) |
|
|
|
755,000 |
|
|
|
5.000 |
|
|
05/01/2034 |
|
869,277 |
|
|
|
2,170,000 |
|
|
|
5.125 |
|
|
05/01/2045 |
|
2,498,560 |
| Heritage Harbour South Community Development District RB Refunding for Senior Lien
Capital Improvement Series 2013 A-1 (A/NR) |
|
|
|
500,000 |
|
|
|
5.050 |
|
|
05/01/2031 |
|
542,435 |
|
|
|
500,000 |
|
|
|
5.150 |
|
|
05/01/2034 |
|
540,145 |
| Heritage Lake Park Community Development District Special Assessment Series 2005
(NR/NR) |
|
|
|
1,890,000 |
|
|
|
5.700 |
|
|
05/01/2036 |
|
1,906,651 |
| Heritage Landing Community Development District Special Assessment Refunding Bonds
Series 2015 (BBB/NR) |
|
|
|
2,205,000 |
|
|
|
4.200 |
|
|
05/01/2031 |
|
2,425,434 |
|
|
|
2,000,000 |
|
|
|
4.350 |
|
|
05/01/2036 |
|
2,180,940 |
| Highland Meadows West Community Development District Special Assessment for
Assessment Area 3 Series 2020 A (NR/NR) |
|
|
|
475,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
491,535 |
|
|
|
665,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
686,914 |
| Highlands Community Development District Special Assessment Bonds for Assessment
Areas 3B and 5 Project Series 2018 (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
4.875 |
|
|
12/15/2038 |
|
1,095,140 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/15/2048 |
|
1,095,020 |
| Highlands Community Development District Special Assessment Refunding Series 2016
(BBB/NR) |
|
|
|
1,000,000 |
|
|
|
4.250 |
|
|
05/01/2031 |
|
1,135,990 |
|
|
|
2,150,000 |
|
|
|
4.250 |
|
|
05/01/2036 |
|
2,388,865 |
| Highlands Meadows II Community Development District Special Assessment Bonds for
Assessment Area 7/7A Project Series 2019 (NR/NR) |
|
|
|
905,000 |
|
|
|
4.375 |
|
|
11/01/2050 |
|
969,427 |
| Hillcrest Community Development District Special Assessment Bonds for Capital
Improvement Program Series 2018 (NR/NR) |
|
|
|
2,295,000 |
|
|
|
5.000 |
|
|
11/01/2048 |
|
2,604,940 |
| Hills Minneola Community Development District Special Assessments for South Parcel
Assessment Area Series 2020 (NR/NR)(a) |
|
|
|
1,065,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
1,122,553 |
|
|
|
2,375,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
2,483,870 |
| Holly Hill Road East Community Development District Special Assessment for Area 3
Project Series 2020 (NR/NR) |
|
|
|
180,000 |
|
|
|
5.000 |
|
|
11/01/2041 |
|
200,601 |
|
|
|
520,000 |
|
|
|
5.000 |
|
|
11/01/2050 |
|
578,874 |
| Hunters Ridge Community Development District No. 1 Assessment Area Special
Assessment Bonds Series 2019 (NR/NR)(a) |
|
|
|
455,000 |
|
|
|
5.125 |
|
|
11/01/2049 |
|
499,449 |
| Islands at Doral III Community Development District Special Assessment Refunding
Series 2013 (A-/NR) |
|
|
|
2,500,000 |
|
|
|
4.125 |
|
|
05/01/2035 |
|
2,626,850 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Isles Bartram Park Community Development District Special Assessment Bonds Series
2017 (NR/NR) |
| $ |
|
|
990,000 |
|
|
|
5.000 |
% |
|
11/01/2047 |
|
$ 1,071,418 |
| Kindred Community Development District II Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
290,000 |
|
|
|
3.500 |
|
|
05/01/2040 |
|
297,899 |
|
|
|
470,000 |
|
|
|
3.750 |
|
|
05/01/2050 |
|
484,932 |
| Kindred Community Development District Special Assessment Bond Series 2017
(NR/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
05/01/2048 |
|
2,183,640 |
| Kingman Gate Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
1,340,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
1,447,187 |
|
|
|
1,060,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
1,122,391 |
| Lakewood Ranch Stewardship District Special Assessment for Azario Project Series
2019 (NR/NR) |
|
|
|
600,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
637,860 |
|
|
|
1,900,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,981,092 |
| Lakewood Ranch Stewardship District Special Assessment for Azario Project Series
2020 A (NR/NR) |
|
|
|
525,000 |
|
|
|
3.200 |
|
|
05/01/2030 |
|
541,858 |
|
|
|
525,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
544,992 |
|
|
|
670,000 |
|
|
|
3.900 |
|
|
05/01/2050 |
|
693,021 |
| Lakewood Ranch Stewardship District Special Assessment for Lorraine Lakes Project
Series 2020 (NR/NR)(a) |
|
|
|
1,085,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
1,115,695 |
|
|
|
2,500,000 |
|
|
|
3.875 |
|
|
05/01/2051 |
|
2,580,975 |
| Lakewood Ranch Stewardship District Special Assessment for Northeast Sector Phase
2A Project Series 2019 (NR/NR) |
|
|
|
250,000 |
|
|
|
3.850 |
|
|
05/01/2039 |
|
263,090 |
|
|
|
575,000 |
|
|
|
4.000 |
|
|
05/01/2049 |
|
598,960 |
| Lakewood Ranch Stewardship District Special Assessment for Northeast Sector Project
- Phase 2C Series 2020 (NR/NR) |
|
|
|
1,275,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,317,075 |
| Lakewood Ranch Stewardship District Special Assessment RB for Country Club East
Project Series 2013 A (NR/NR) |
|
|
|
2,000,000 |
|
|
|
6.700 |
|
|
05/01/2033 |
|
2,142,820 |
|
|
|
4,745,000 |
|
|
|
7.000 |
|
|
05/01/2043 |
|
5,109,890 |
| Lakewood Ranch Stewardship District Special Assessment RB for Country Club East
Project Series 2014 (NR/NR) |
|
|
|
6,320,000 |
|
|
|
5.600 |
|
|
05/01/2044 |
|
7,246,133 |
| Lakewood Ranch Stewardship District Special Assessment RB for Cresswind Project
Series 2019 (NR/NR) |
|
|
|
530,000 |
|
|
|
4.400 |
|
|
05/01/2039 |
|
574,144 |
|
|
|
1,615,000 |
|
|
|
4.500 |
|
|
05/01/2049 |
|
1,737,885 |
| Lakewood Ranch Stewardship District Special Assessment RB for Del Webb Project
Series 2017 (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2037 |
|
1,091,480 |
|
|
|
2,370,000 |
|
|
|
5.125 |
|
|
05/01/2047 |
|
2,575,408 |
| Lakewood Ranch Stewardship District Special Assessment RB for Indigo Expansion Area
Project Series 2019 (NR/NR)(a) |
|
|
|
575,000 |
|
|
|
3.750 |
|
|
05/01/2039 |
|
596,252 |
|
|
|
555,000 |
|
|
|
4.000 |
|
|
05/01/2049 |
|
576,651 |
| Lakewood Ranch Stewardship District Special Assessment RB for Lake Club Phase 4
Project Series 2019 (NR/NR) |
|
|
|
950,000 |
|
|
|
4.400 |
|
|
05/01/2039 |
|
1,031,073 |
|
|
|
1,075,000 |
|
|
|
4.500 |
|
|
05/01/2049 |
|
1,156,797 |
| Lakewood Ranch Stewardship District Special Assessment RB for Lakewood
Centre & NW Sector Project Series 2011 (NR/NR)(e) |
|
|
|
19,180,000 |
|
|
|
8.000 |
|
|
05/01/2021 |
|
19,657,007 |
| Lakewood Ranch Stewardship District Special Assessment RB for Lakewood
National & Polo Run Projects Series 2017 (NR/NR) |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
05/01/2022 |
|
309,425 |
|
|
|
1,125,000 |
|
|
|
4.625 |
|
|
05/01/2027 |
|
1,214,089 |
|
|
|
2,500,000 |
|
|
|
5.250 |
|
|
05/01/2037 |
|
2,779,025 |
|
|
|
5,820,000 |
|
|
|
5.375 |
|
|
05/01/2047 |
|
6,451,237 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Lakewood Ranch Stewardship District Special Assessment RB for North East Sector
Project - Phase 1A Series 2018 (NR/NR) |
| $ |
|
|
1,175,000 |
|
|
|
5.000 |
% |
|
05/01/2038 |
|
$ 1,284,275 |
|
|
|
2,545,000 |
|
|
|
5.100 |
|
|
05/01/2048 |
|
2,775,119 |
| Lakewood Ranch Stewardship District Special Assessment RB for North East Sector
Project - Phase 1B Series 2018 (NR/NR) |
|
|
|
3,760,000 |
|
|
|
5.450 |
|
|
05/01/2048 |
|
4,248,988 |
| Lakewood Ranch Stewardship District Special Assessment RB for Villages of Lakewood
Ranch South Project Series 2016 (NR/NR) |
|
|
|
410,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
412,407 |
|
|
|
1,325,000 |
|
|
|
4.250 |
|
|
05/01/2026 |
|
1,396,881 |
|
|
|
5,630,000 |
|
|
|
5.000 |
|
|
05/01/2036 |
|
6,142,949 |
|
|
|
13,730,000 |
|
|
|
5.125 |
|
|
05/01/2046 |
|
14,962,680 |
| Lakewood Ranch Stewardship District Special Assessment RB Refunding for Country
Club East Project Series 2020 (AGM) (AA/NR) |
|
|
|
1,735,000 |
|
|
|
2.500 |
|
|
05/01/2033 |
|
1,800,739 |
|
|
|
1,685,000 |
|
|
|
2.625 |
|
|
05/01/2037 |
|
1,742,256 |
| Lakewood Ranch Stewardship District Special Assessment Refunding for Northeast
Sector Project - Phase 2B Series 2020 (NR/NR)(a) |
|
|
|
2,100,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
2,176,944 |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,297,287 |
| Lakewood Ranch Stewardship District The Isles at Lakewood Ranch Project Phase 1
Special Assessment Bonds Series 2019 (NR/NR) |
|
|
|
1,160,000 |
|
|
|
4.700 |
|
|
05/01/2039 |
|
1,286,011 |
|
|
|
2,250,000 |
|
|
|
4.875 |
|
|
05/01/2049 |
|
2,492,077 |
| Landmark at Doral Community Development District Senior Special Assessment
Refunding for North Parcel Assessment Area
Series 2019 A-1 (BBB/NR) |
|
|
|
1,930,000 |
|
|
|
3.000 |
|
|
05/01/2035 |
|
1,991,876 |
|
|
|
1,990,000 |
|
|
|
3.000 |
|
|
05/01/2038 |
|
2,037,222 |
| Landmark at Doral Community Development District Subordinate Special Assessment
Refunding for North Parcel Assessment Area Series 2019 A-2 (NR/NR) |
|
|
|
645,000 |
|
|
|
3.375 |
|
|
05/01/2030 |
|
674,638 |
|
|
|
895,000 |
|
|
|
4.000 |
|
|
05/01/2038 |
|
956,755 |
| Lee County IDA Health Care Facilities RB Refunding for Shell Point Project Series
2011 B (BBB+/NR) |
|
|
|
2,600,000 |
|
|
|
6.500 |
|
|
11/15/2031 |
|
2,690,896 |
| Lee County Moody River Estates Community Development District Special Assessment
Refunding Senior Series 2017 A-1 (A-/NR) |
|
|
|
1,430,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
1,639,652 |
|
|
|
1,860,000 |
|
|
|
4.000 |
|
|
05/01/2036 |
|
2,108,645 |
| Live Oak Lake Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
1,610,000 |
|
|
|
4.400 |
|
|
05/01/2040 |
|
1,662,164 |
|
|
|
2,840,000 |
|
|
|
4.600 |
|
|
05/01/2051 |
|
2,928,949 |
| Long Lake Reserve Community Development District Special Assessment Bonds Series
2018 (NR/NR) |
|
|
|
985,000 |
|
|
|
5.125 |
|
|
05/01/2048 |
|
1,068,715 |
|
|
|
1,775,000 |
|
|
|
5.125 |
|
|
05/01/2049 |
|
1,923,923 |
| Longleaf Community Development District Special Assessment Refunding Series 2005
(NR/NR) |
|
|
|
3,495,000 |
|
|
|
5.400 |
|
|
05/01/2030 |
|
3,128,969 |
| Longleaf Community Development District Special Assessment Refunding Series 2006
(NR/NR) |
|
|
|
1,685,000 |
|
|
|
5.375 |
|
|
05/01/2030 |
|
1,635,023 |
| LT Ranch Community Development District Special Assessment Series 2019
(NR/NR) |
|
|
|
3,800,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
3,952,038 |
| Lucerne Park Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
860,000 |
|
|
|
4.625 |
|
|
05/01/2039 |
|
935,749 |
|
|
|
1,340,000 |
|
|
|
4.750 |
|
|
05/01/2050 |
|
1,454,731 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Lynwood Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
| $ |
|
|
1,755,000 |
|
|
|
4.000 |
% |
|
06/15/2039 |
|
$ 1,844,874 |
|
|
|
2,920,000 |
|
|
|
4.375 |
|
|
06/15/2049 |
|
3,100,952 |
| Marshall Creek Community Development District Special Assessment Refunding Series
2015 A (NR/NR) |
|
|
|
1,940,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
2,052,733 |
| McJunkin Parkland Community Development District Special Assessment Bonds Series
2018 (NR/NR)(a) |
|
|
|
2,800,000 |
|
|
|
5.125 |
|
|
11/01/2038 |
|
3,313,296 |
|
|
|
4,750,000 |
|
|
|
5.250 |
|
|
11/01/2049 |
|
5,582,485 |
| Meadow Pointe IV Community Development District RB for Capital Improvement Series
2005 (NR/NR)* |
|
|
|
880,000 |
|
|
|
5.250 |
|
|
05/01/2015 |
|
21,120 |
| Meadow Pointe IV Community Development District RB for Capital Improvement Series
2007 B (NR/NR)* |
|
|
|
1,380,000 |
|
|
|
6.150 |
|
|
11/01/2014 |
|
33,120 |
| Meadow Pointe IV Community Development District RB for Capital Improvement Series
2012 A-1 (NR/NR) |
|
|
|
365,000 |
|
|
|
6.000 |
|
|
05/01/2036 |
|
376,038 |
| Meadow Pointe IV Community Development District RB for Capital Improvement Series
2012 A-2 (NR/NR) |
|
|
|
730,000 |
|
|
|
6.250 |
|
|
05/01/2038 |
|
756,127 |
| Meadow Pointe IV Community Development District RB for Capital Improvement Series
2014 A (NR/NR) |
|
|
|
520,000 |
|
|
|
7.250 |
|
|
05/01/2035 |
|
567,481 |
| Meadow Pointe IV Community Development District Special Assessment for Capital
Improvement Series 2005 (NR/NR)* |
|
|
|
1,075,000 |
|
|
|
5.250 |
|
|
05/01/2015 |
|
25,800 |
| Mediterranea Community Development District Special Assessment Refunding &
Improvement Bonds for Area Two Project Series 2017 (NR/NR) |
|
|
|
1,000,000 |
|
|
|
4.750 |
|
|
05/01/2037 |
|
1,113,890 |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
05/01/2048 |
|
1,878,126 |
| Miami Beach Health Facilities Authority Hospital RB Refunding for Mount Sinai
Medical Center of Florida Series 2014 (A-/Baa1) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
11/15/2039 |
|
1,664,460 |
| Miami RB Refunding for Miami Tunnel Project Series 2012 (AA-/Aa3)(a) |
|
|
|
1,165,000 |
|
|
|
5.000 |
|
|
03/01/2030 |
|
1,276,957 |
| Miami RB Refunding for Miami Tunnel Project Series 2012 (NR/NR)(a)(e) |
|
|
|
10,595,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
11,671,346 |
| Miami World Center Community Development District Special Assessment Bonds Series
2017 (NR/NR) |
|
|
|
460,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
471,500 |
|
|
|
600,000 |
|
|
|
4.750 |
|
|
11/01/2027 |
|
653,664 |
|
|
|
4,000,000 |
|
|
|
5.125 |
|
|
11/01/2039 |
|
4,432,200 |
|
|
|
4,135,000 |
|
|
|
5.250 |
|
|
11/01/2049 |
|
4,570,581 |
| Miami-Dade County Educational Facilities Authority RB for University of Miami
Series 2018 A (A-/A3) |
|
|
|
10,085,000 |
|
|
|
4.000 |
|
|
04/01/2053 |
|
10,929,720 |
| Midtown Miami Community Development District Special Assessment RB Refunding for
Parking Garage Project Series 2014 A (NR/NR) |
|
|
|
3,440,000 |
|
|
|
5.000 |
|
|
05/01/2029 |
|
3,615,784 |
|
|
|
3,515,000 |
|
|
|
5.000 |
|
|
05/01/2037 |
|
3,652,155 |
| Miromar Lakes Community Development District RB Refunding for Capital Improvement
Series 2015 (NR/NR) |
|
|
|
2,005,000 |
|
|
|
5.000 |
|
|
05/01/2028 |
|
2,164,377 |
|
|
|
1,220,000 |
|
|
|
5.000 |
|
|
05/01/2035 |
|
1,299,044 |
| Mitchell Ranch Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
12/15/2049 |
|
2,108,920 |
| Monterra Community Development District Special Assessment Refunding Bonds Series
2015 (AGM) (AA/NR) |
|
|
|
1,820,000 |
|
|
|
3.500 |
|
|
05/01/2036 |
|
1,960,158 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Naples Reserve Community Development District Special Assessment Bonds Series 2014
(NR/NR) |
| $ |
|
|
740,000 |
|
|
|
5.250 |
% |
|
11/01/2035 |
|
$ 803,018 |
|
|
|
1,235,000 |
|
|
|
5.625 |
|
|
11/01/2045 |
|
1,346,990 |
| Naples Reserve Community Development District Special Assessment Bonds Series 2018
(NR/NR)(a) |
|
|
|
1,185,000 |
|
|
|
5.125 |
|
|
11/01/2048 |
|
1,283,319 |
| New River Community Development District Special Assessment Refunding Senior Lien
Series 2020 A-1 (BBB/NR)(a) |
|
|
|
815,000 |
|
|
|
3.500 |
|
|
05/01/2038 |
|
878,700 |
| New River Community Development District Special Assessment Refunding Senior Lien
Series 2020 A-1 (NR/NR)(a) |
|
|
|
55,000 |
|
|
|
3.500 |
|
|
05/01/2031 |
|
57,314 |
|
|
|
150,000 |
|
|
|
4.000 |
|
|
05/01/2038 |
|
157,666 |
| New River Community Development District Special Assessment Series 2006 B
(NR/NR)* |
|
|
|
3,260,000 |
|
|
|
5.000 |
|
|
05/01/2013 |
|
33 |
| North Powerline Road Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
470,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
472,204 |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,530,390 |
| North Sumter County Utility Dependent District RB for Central Sumter Utility Series
2019 (A/NR) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
3,739,860 |
|
|
|
6,580,000 |
|
|
|
5.000 |
|
|
10/01/2054 |
|
8,165,977 |
| Old Hickory Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
345,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
368,498 |
|
|
|
955,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
1,004,087 |
| Orange Blossom Ranch Community Development District Special Assessment Bonds Series
2019 (NR/NR) |
|
|
|
2,200,000 |
|
|
|
4.850 |
|
|
05/01/2039 |
|
2,505,118 |
|
|
|
3,625,000 |
|
|
|
5.000 |
|
|
05/01/2049 |
|
4,126,664 |
| Orlando Florida Community Redevelopment Agency Tax Increment RB Refunding for
Conroy Road District Series 2012 (A/NR) |
|
|
|
1,680,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
1,754,777 |
|
|
|
1,765,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
1,842,413 |
|
|
|
1,005,000 |
|
|
|
5.000 |
|
|
04/01/2026 |
|
1,048,426 |
| Osceola Chain Lakes Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
|
840,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
882,899 |
|
|
|
905,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
932,774 |
| Osceola County Rolling Oaks Community Development District Special Assessment Bonds
Series 2018 (NR/NR)(a) |
|
|
|
1,680,000 |
|
|
|
5.375 |
|
|
11/01/2038 |
|
1,909,723 |
|
|
|
3,300,000 |
|
|
|
5.500 |
|
|
11/01/2049 |
|
3,746,127 |
| Palm Beach County Health Facilities Authority RB for Lifespace Communities, Inc.
Obligated Group Series 2019 B (BBB/NR) |
|
|
|
2,700,000 |
|
|
|
4.000 |
|
|
05/15/2053 |
|
2,744,280 |
|
|
|
2,175,000 |
|
|
|
5.000 |
|
|
05/15/2053 |
|
2,371,664 |
| Palm Coast Park Community Development District Special Assessment for Assessment
Area One Series 2019 (NR/NR) |
|
|
|
1,175,000 |
|
|
|
4.300 |
|
|
05/01/2050 |
|
1,237,357 |
| Palm Glades Community Development District Senior Special Assessment Bonds Series
2018 A-1 (A/NR) |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
11/01/2038 |
|
459,416 |
|
|
|
3,290,000 |
|
|
|
4.200 |
|
|
11/01/2048 |
|
3,711,679 |
| Palm Glades Community Development District Special Assessment Refunding Bonds
Series 2016 (A/NR) |
|
|
|
3,155,000 |
|
|
|
3.750 |
|
|
05/01/2031 |
|
3,495,298 |
|
|
|
2,040,000 |
|
|
|
4.000 |
|
|
05/01/2036 |
|
2,260,606 |
| Palm Glades Community Development District Special Assessment Refunding Bonds
Series 2017 (BBB-/NR) |
|
|
|
700,000 |
|
|
|
4.000 |
|
|
05/01/2027 |
|
743,771 |
|
|
|
2,380,000 |
|
|
|
5.000 |
|
|
05/01/2039 |
|
2,660,864 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Panther Trace II Community Development District Special Assessment RB Refunding
Series 2014 (AGM) (AA/NR) |
| $ |
|
|
530,000 |
|
|
|
4.125 |
% |
|
05/01/2035 |
|
$ 583,774 |
| Parkland Preserve Community Development District Special Assessment RB Series 2019
A (NR/NR) |
|
|
|
1,855,000 |
|
|
|
5.250 |
|
|
05/01/2039 |
|
2,075,207 |
|
|
|
5,095,000 |
|
|
|
5.375 |
|
|
05/01/2050 |
|
5,630,739 |
| Parkland Preserve Community Development District Special Assessment RB Series 2019
B (NR/NR) |
|
|
|
890,000 |
|
|
|
5.500 |
|
|
11/01/2032 |
|
1,013,826 |
| Parkview at Long Lake Ranch Community Development District Special Assessment
Series 2020 (NR/NR) |
|
|
|
800,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
830,264 |
| Parkway Center Community Development District Special Assessment for Amenity
Projects Series 2018-2 (A-/NR) |
|
|
|
2,285,000 |
|
|
|
4.700 |
|
|
05/01/2049 |
|
2,669,383 |
| Parkway Center Community Development District Special Assessment Refunding Series 2018-1 (BBB/NR) |
|
|
|
800,000 |
|
|
|
4.375 |
|
|
05/01/2031 |
|
932,576 |
|
|
|
1,065,000 |
|
|
|
4.500 |
|
|
05/01/2034 |
|
1,229,958 |
| Paseo Community Development District Capital Improvement RB Refunding Series 2018 (A-/NR) |
|
|
|
3,200,000 |
|
|
|
4.375 |
|
|
05/01/2036 |
|
3,732,832 |
| Pine Ridge Plantation Community Development District Special Assessment Refunding
Bonds 2020 A-2 (NR/NR) |
|
|
|
655,000 |
|
|
|
3.300 |
|
|
05/01/2030 |
|
674,519 |
|
|
|
695,000 |
|
|
|
3.750 |
|
|
05/01/2037 |
|
719,895 |
| Pinellas County Industrial Development Authority RB for Drs. Kiran &
Pallavi Patel 2017 Foundation for Global Understanding, Inc. Project Series 2019 (NR/NR) |
|
|
|
2,260,000 |
|
|
|
5.000 |
|
|
07/01/2039 |
|
2,667,003 |
| Portico Community Development District Special Assessment Bonds Series 2020-2 (NR/NR) |
|
|
|
555,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
567,998 |
| Portico Community Development District Special Assessment Refunding Series 2020-1 (NR/NR) |
|
|
|
1,920,000 |
|
|
|
3.500 |
|
|
05/01/2037 |
|
1,956,787 |
| Portofino Isles Community Development District Special Assessment RB Refunding
Series 2013 (BBB/NR) |
|
|
|
2,800,000 |
|
|
|
4.750 |
|
|
05/01/2033 |
|
2,965,844 |
| Preserve at South Branch Community Development District Special Assessment Phase 1
Series 2018 (NR/NR) |
|
|
|
1,045,000 |
|
|
|
5.375 |
|
|
11/01/2049 |
|
1,154,056 |
| Preserve at South Branch Community Development District Special Assessment Phase 2
RB Series 2019 (NR/NR) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
11/01/2039 |
|
262,135 |
|
|
|
1,205,000 |
|
|
|
4.000 |
|
|
11/01/2050 |
|
1,242,945 |
| Reunion East Community Development District Special Assessment Refunding Bonds
Series 2015 1 (NR/NR) |
|
|
|
910,000 |
|
|
|
6.600 |
|
|
05/01/2033 |
|
925,652 |
| Reunion East Community Development District Special Assessment Refunding Bonds
Series 2015 2 (NR/NR) |
|
|
|
625,000 |
|
|
|
6.600 |
|
|
05/01/2036 |
|
632,088 |
| Reunion East Community Development District Special Assessment Refunding Bonds
Series 2015 3 (NR/NR) |
|
|
|
2,260,000 |
|
|
|
6.600 |
|
|
05/01/2033 |
|
2,298,872 |
| Reunion East Community Development District Special Assessment Refunding Bonds
Series 2015 A (NR/NR) |
|
|
|
3,070,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
3,345,717 |
|
|
|
6,825,000 |
|
|
|
5.000 |
|
|
05/01/2033 |
|
7,671,573 |
| Reunion East Community Development District Special Assessment Series 2002 A-2 (NR/NR)* |
|
|
|
2,170,000 |
|
|
|
7.200 |
|
|
05/01/2022 |
|
22 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Reunion West Community Development District Special Assessment Bonds for Assessment
Area 5 Project Series 2019 (NR/NR) |
| $ |
|
|
470,000 |
|
|
|
4.500 |
% |
|
05/01/2039 |
|
$ 501,909 |
|
|
|
1,520,000 |
|
|
|
4.625 |
|
|
05/01/2050 |
|
1,623,223 |
| Rhodine Road North Community Development District Special Assessment Bonds Series
2019 (NR/NR) |
|
|
|
830,000 |
|
|
|
4.500 |
|
|
05/01/2040 |
|
900,484 |
|
|
|
835,000 |
|
|
|
4.750 |
|
|
05/01/2050 |
|
907,870 |
| River Hall Community Development District Special Assessment for Assessment Area 3
Series 2020 A (NR/NR) |
|
|
|
1,030,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
1,061,786 |
|
|
|
1,000,000 |
|
|
|
3.875 |
|
|
05/01/2051 |
|
1,036,710 |
| River Hall Community Development District Special Assessment for Capital
Improvement Series 2011 A (NR/NR) |
|
|
|
4,310,000 |
|
|
|
5.450 |
|
|
05/01/2036 |
|
4,333,662 |
| River Landing Community Development District Special Assessment Series 2020 A
(NR/NR) |
|
|
|
1,100,000 |
|
|
|
4.350 |
|
|
05/01/2051 |
|
1,127,071 |
| River Landing Community Development District Special Assessment Series 2020 B
(NR/NR) |
|
|
|
1,200,000 |
|
|
|
4.250 |
|
|
11/01/2035 |
|
1,240,044 |
| Saddle Creek Preserve of Polk County Community Development District Special
Assessment Bonds Series 2020 (NR/NR) |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
340,182 |
|
|
|
780,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
816,239 |
| San Simeon Community Development District Special Assessment Bonds Series 2019
(NR/NR)(a) |
|
|
|
1,410,000 |
|
|
|
4.125 |
|
|
06/15/2039 |
|
1,531,923 |
|
|
|
2,280,000 |
|
|
|
4.250 |
|
|
06/15/2049 |
|
2,457,635 |
| Sandmine Road Community Development District Special Assessment for Assessment Area
One Series 2020 (NR/NR)(a) |
|
|
|
375,000 |
|
|
|
2.625 |
|
|
05/01/2025 |
|
378,881 |
|
|
|
375,000 |
|
|
|
3.125 |
|
|
05/01/2030 |
|
385,980 |
|
|
|
980,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
1,017,652 |
|
|
|
950,000 |
|
|
|
3.750 |
|
|
05/01/2050 |
|
982,053 |
| Scenic Highway Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
620,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
619,975 |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,249,938 |
| Shell Point Community Development District Special Assessment Bonds Series 2019
(NR/NR)(a) |
|
|
|
2,200,000 |
|
|
|
5.250 |
|
|
11/01/2039 |
|
2,468,554 |
|
|
|
2,825,000 |
|
|
|
5.375 |
|
|
11/01/2049 |
|
3,151,768 |
| Sherwood Manor Community Development District Special Assessment Bonds Series 2018
(NR/NR)(a) |
|
|
|
3,800,000 |
|
|
|
5.250 |
|
|
11/01/2049 |
|
4,228,602 |
| Shingle Creek Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
05/01/2049 |
|
4,597,840 |
| Six Mile Creek Community Development District Special Assessment Refunding for Area
2 Phase 3A Project Series 2020 (NR/NR) |
|
|
|
310,000 |
|
|
|
4.125 |
|
|
11/01/2040 |
|
329,688 |
|
|
|
950,000 |
|
|
|
4.250 |
|
|
11/01/2050 |
|
1,004,701 |
| South Fork III Community Development District Parcels V and W Special Assessment
Bonds Series 2019 (NR/NR)(a) |
|
|
|
2,100,000 |
|
|
|
5.125 |
|
|
11/01/2039 |
|
2,312,583 |
|
|
|
3,480,000 |
|
|
|
5.250 |
|
|
11/01/2049 |
|
3,814,045 |
| South Fork III Community Development District Special Assessment RB Refunding
Series 2018 (NR/NR) |
|
|
|
1,310,000 |
|
|
|
5.000 |
|
|
05/01/2038 |
|
1,443,646 |
|
|
|
2,505,000 |
|
|
|
5.375 |
|
|
05/01/2049 |
|
2,793,426 |
| South Kendall Community Development District Special Assessment Refunding Series
2016 (BBB/NR) |
|
|
|
1,345,000 |
|
|
|
4.250 |
|
|
11/01/2037 |
|
1,496,622 |
|
|
|
330,000 |
|
|
|
4.125 |
|
|
11/01/2040 |
|
358,581 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| South Village Community Development District Capital Improvement and Special
Assessment Refunding Senior Lien Series 2016 A-1 (A/NR) |
| $ |
|
|
790,000 |
|
|
|
3.500 |
% |
|
05/01/2032 |
|
$ 840,173 |
|
|
|
495,000 |
|
|
|
3.625 |
|
|
05/01/2035 |
|
526,368 |
|
|
|
1,715,000 |
|
|
|
3.750 |
|
|
05/01/2038 |
|
1,823,319 |
| South Village Community Development District Capital Improvement and Special
Assessment Refunding Subordinate Lien Series 2016 A-2 (NR/NR) |
|
|
|
380,000 |
|
|
|
4.350 |
|
|
05/01/2026 |
|
400,174 |
|
|
|
485,000 |
|
|
|
4.875 |
|
|
05/01/2035 |
|
527,593 |
|
|
|
95,000 |
|
|
|
5.000 |
|
|
05/01/2038 |
|
103,764 |
| South-Dade Venture Community Development District Special Assessment RB Refunding
Series 2013 (NR/NR) |
|
|
|
2,010,000 |
|
|
|
5.250 |
|
|
05/01/2034 |
|
2,149,072 |
| Southern Groves Community Development District No. 5 Special Assessment
Refunding Series 2019 (NR/NR) |
|
|
|
375,000 |
|
|
|
3.600 |
|
|
05/01/2034 |
|
392,576 |
|
|
|
600,000 |
|
|
|
4.000 |
|
|
05/01/2043 |
|
629,880 |
| Southern Groves Community Development District No. 5 Special Assessment Series
2020 (NR/NR) |
|
|
|
460,000 |
|
|
|
4.300 |
|
|
05/01/2040 |
|
491,680 |
|
|
|
335,000 |
|
|
|
4.500 |
|
|
05/01/2046 |
|
357,177 |
| Southern Hills Plantation I Community Development District Special Assessment for
Capital Improvement Series 2011 A-1 (NR/NR) |
|
|
|
3,550,000 |
|
|
|
5.800 |
|
|
05/01/2035 |
|
2,993,715 |
| Southern Hills Plantation I Community Development District Special Assessment for
Capital Improvement Series 2011 A-2 (NR/NR) |
|
|
|
2,640,000 |
|
|
|
5.800 |
|
|
05/01/2035 |
|
2,060,309 |
| Spencer Creek Community Development District Special Assessment RB Series 2019
(NR/NR) |
|
|
|
285,000 |
|
|
|
3.750 |
|
|
05/01/2024 |
|
292,399 |
|
|
|
425,000 |
|
|
|
4.375 |
|
|
05/01/2029 |
|
463,114 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2039 |
|
1,109,430 |
|
|
|
1,750,000 |
|
|
|
5.250 |
|
|
05/01/2049 |
|
1,964,620 |
| Spring Lake Community Development District Special Assessment for Assessment Area
Two Project Series 2017 (NR/NR)(a) |
|
|
|
1,250,000 |
|
|
|
5.125 |
|
|
11/01/2037 |
|
1,377,050 |
|
|
|
1,790,000 |
|
|
|
5.250 |
|
|
11/01/2047 |
|
1,973,994 |
| Spring Ridge Community Development District Special Assessment RB Series A-1 (NR/NR) |
|
|
|
1,145,000 |
|
|
|
4.800 |
|
|
05/01/2035 |
|
1,028,714 |
| St. Johns County Industrial Development Authority RB Refunding Presbyterian
Retirement Communities, Inc. Obligated Group Series 2020 A (A-/NR) |
|
|
|
7,475,000 |
|
|
|
4.000 |
|
|
08/01/2055 |
|
8,061,414 |
| Sterling Hill Community Development District RB for Capital Improvement Series 2003
B (NR/NR)* |
|
|
|
418,112 |
|
|
|
5.500 |
|
|
11/01/2010 |
|
250,867 |
| Stonegate Community Development District Special Assessment Refunding Bonds Series
2013 (NR/NR) |
|
|
|
2,150,000 |
|
|
|
5.000 |
|
|
05/01/2034 |
|
2,256,533 |
| Stoneybrook South at Championsgate Community Development District Special
Assessment Bonds Series 2019 (NR/NR) |
|
|
|
1,100,000 |
|
|
|
4.500 |
|
|
06/15/2039 |
|
1,209,505 |
|
|
|
2,600,000 |
|
|
|
4.625 |
|
|
06/15/2049 |
|
2,826,070 |
| Stoneybrook South Community Development District Special Assessment Bonds Refunding
for Assessment Area Two-A Project Series 2014 (NR/NR) |
|
|
|
1,750,000 |
|
|
|
5.125 |
|
|
11/01/2034 |
|
2,081,012 |
|
|
|
3,495,000 |
|
|
|
5.500 |
|
|
11/01/2044 |
|
4,167,718 |
| Stoneybrook South Community Development District Special Assessment RB Refunding
for Assessment Area One Project Series 2013 (NR/NR) |
|
|
|
2,435,000 |
|
|
|
6.500 |
|
|
05/01/2039 |
|
2,684,685 |
| Stoneybrook South Community Development District Special Assessment Series 2020
(NR/NR)(a) |
|
|
|
1,500,000 |
|
|
|
3.750 |
|
|
12/15/2050 |
|
1,516,140 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Storey Creek Community Development District Special Assessment Bonds for Assessment
Area One Project Series 2019 (NR/NR) |
| $ |
|
|
420,000 |
|
|
|
4.000 |
% |
|
12/15/2039 |
|
$ 443,272 |
|
|
|
860,000 |
|
|
|
4.125 |
|
|
12/15/2049 |
|
903,662 |
| Storey Park Community Development District Special Assessment Bonds for Assessment
Area Three Project Series 2019 (NR/NR)(a) |
|
|
|
400,000 |
|
|
|
3.750 |
|
|
06/15/2029 |
|
424,800 |
| Summer Woods Community Development District Special Assessment for Assessment Area
Two Project Series 2020 (NR/NR) |
|
|
|
950,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
983,259 |
|
|
|
1,290,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,336,969 |
| Summerstone Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
705,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
724,550 |
|
|
|
875,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
902,475 |
| Sweetwater Creek Community Development District Capital Improvement Special
Assessment RB Refunding Series 2019 A-2 (NR/NR) |
|
|
|
1,655,000 |
|
|
|
4.000 |
|
|
05/01/2038 |
|
1,780,383 |
| Talis Park Community Development District Capital Improvement RB Refunding
Subordinate Series 2016 A-2 (NR/NR) |
|
|
|
175,000 |
|
|
|
3.250 |
|
|
05/01/2021 |
|
175,423 |
|
|
|
965,000 |
|
|
|
3.750 |
|
|
05/01/2026 |
|
992,030 |
|
|
|
1,550,000 |
|
|
|
4.000 |
|
|
05/01/2033 |
|
1,611,721 |
| Talis Park Community Development District Capital Improvement RB Series 2013
(NR/NR) |
|
|
|
1,370,000 |
|
|
|
5.250 |
|
|
11/01/2034 |
|
1,434,582 |
|
|
|
2,350,000 |
|
|
|
6.000 |
|
|
11/01/2044 |
|
2,533,770 |
| Tampa-Hillsborough County Expressway Authority RB Series 2017 C
(A+/A2) |
|
|
|
2,050,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
2,482,550 |
| Tapestry Community Development District Special Assessment RB Series 2016
(NR/NR) |
|
|
|
390,000 |
|
|
|
4.250 |
|
|
05/01/2026 |
|
411,025 |
|
|
|
1,110,000 |
|
|
|
4.800 |
|
|
05/01/2036 |
|
1,186,534 |
|
|
|
1,715,000 |
|
|
|
5.000 |
|
|
05/01/2046 |
|
1,837,297 |
| Timber Creek Southwest Community Development District Special Assessment Bonds
Series 2020 (NR/NR) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
06/15/2040 |
|
1,068,110 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
1,051,400 |
| Tison’s Landing Community Development District Special Assessment RB
Refunding & Improvement Bonds Senior Series 2016 A-1 (A+/NR) |
|
|
|
695,000 |
|
|
|
3.375 |
|
|
05/01/2032 |
|
753,345 |
|
|
|
1,345,000 |
|
|
|
3.600 |
|
|
05/01/2037 |
|
1,459,540 |
| Tolomato Community Development District Special Assessment GO Refunding Bonds
Senior Lien Series 2018 A-1 (AGM) (AA/NR) |
|
|
|
1,640,000 |
|
|
|
3.500 |
|
|
05/01/2032 |
|
1,869,370 |
|
|
|
1,775,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
2,016,933 |
| Tolomato Community Development District Special Assessment GO Refunding Bonds
Subordinate Lien Series 2018 A-2 (NR/NR)(a) |
|
|
|
375,000 |
|
|
|
5.625 |
|
|
05/01/2040 |
|
415,894 |
| Tolomato Community Development District Special Assessment GO Refunding Bonds
Subordinate Lien Series 2018 B-2 (NR/NR) |
|
|
|
300,000 |
|
|
|
5.125 |
|
|
05/01/2039 |
|
339,774 |
| Tolomato Community Development District Special Assessment RB Refunding Series 2019
A-2 (NR/NR) |
|
|
|
1,165,000 |
|
|
|
4.250 |
|
|
05/01/2037 |
|
1,280,428 |
| Tolomato Community Development District Special Assessment Refunding Bonds Series
2019 C (NR/NR)(a) |
|
|
|
8,340,000 |
|
|
|
4.400 |
|
|
05/01/2040 |
|
9,226,292 |
| Toscana Isles Community Development District Special Assessment RB Series 2014
(NR/NR) |
|
|
|
305,000 |
|
|
|
5.750 |
|
|
11/01/2027 |
|
344,458 |
|
|
|
1,955,000 |
|
|
|
6.250 |
|
|
11/01/2044 |
|
2,311,025 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Toscana Isles Community Development District Special Assessment RB Series 2018
(NR/NR) |
| $ |
|
|
2,840,000 |
|
|
|
5.375 |
% |
|
11/01/2039 |
|
$ 3,289,089 |
|
|
|
5,750,000 |
|
|
|
5.500 |
|
|
11/01/2049 |
|
6,596,343 |
| Touchstone Community Development District Special Assessment Bonds Series 2018
(NR/NR)(a) |
|
|
|
1,560,000 |
|
|
|
4.625 |
|
|
06/15/2038 |
|
1,723,519 |
|
|
|
2,440,000 |
|
|
|
4.750 |
|
|
06/15/2048 |
|
2,689,027 |
| Touchstone Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
550,000 |
|
|
|
4.000 |
|
|
12/15/2040 |
|
592,911 |
|
|
|
1,145,000 |
|
|
|
4.125 |
|
|
12/15/2049 |
|
1,225,974 |
| Town of Davie RB Refunding for Nova Southeastern University, Inc. Series 2018 (A-/Baa1) |
|
|
|
13,300,000 |
|
|
|
5.000 |
|
|
04/01/2048 |
|
15,620,850 |
| Towne Park Community Development District Special Assessment Area 3B Project Series
2019 (NR/NR) |
|
|
|
1,085,000 |
|
|
|
4.625 |
|
|
05/01/2050 |
|
1,172,386 |
| Towne Park Community Development District Special Assessment Area 3D Project Series
2020 (NR/NR)(a) |
|
|
|
525,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
526,218 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,017,900 |
| Trevesta Community Development District Special Assessment Area 1 Phase 2 Project
Series 2018 (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.375 |
|
|
11/01/2049 |
|
1,111,680 |
| Trevesta Community Development District Special Assessment Area 2 Project Series
2020 (NR/NR)(a) |
|
|
|
875,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
898,555 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
773,558 |
| Triple Creek Community Development District Special Assessment Series 2017 A
(NR/NR) |
|
|
|
1,265,000 |
|
|
|
5.250 |
|
|
11/01/2027 |
|
1,364,050 |
|
|
|
2,745,000 |
|
|
|
6.125 |
|
|
11/01/2046 |
|
3,178,490 |
| Triple Creek Community Development District Special Assessment Series 2018 A
(NR/NR)(a) |
|
|
|
785,000 |
|
|
|
4.700 |
|
|
11/01/2029 |
|
850,909 |
|
|
|
1,525,000 |
|
|
|
5.125 |
|
|
11/01/2038 |
|
1,730,387 |
|
|
|
2,175,000 |
|
|
|
5.375 |
|
|
11/01/2048 |
|
2,466,189 |
| Triple Creek Community Development District Special Assessment Series 2019 A
(NR/NR) |
|
|
|
1,000,000 |
|
|
|
4.625 |
|
|
05/01/2039 |
|
1,087,420 |
|
|
|
1,995,000 |
|
|
|
4.750 |
|
|
05/01/2050 |
|
2,140,914 |
| TSR Community Development District Special Assessment Bonds for Northwest
Assessment Area Series 2017 (NR/NR)(a) |
|
|
|
4,630,000 |
|
|
|
4.750 |
|
|
11/01/2048 |
|
4,917,523 |
| TSR Community Development District Special Assessment Bonds for Northwest
Assessment Area Series 2018 (NR/NR) |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
1,330,368 |
|
|
|
1,850,000 |
|
|
|
5.125 |
|
|
11/01/2049 |
|
2,048,450 |
| TSR Community Development District Special Assessment RB for 2016 Project Series
2016 (NR/NR) |
|
|
|
195,000 |
|
|
|
3.500 |
|
|
11/01/2021 |
|
197,354 |
|
|
|
1,340,000 |
|
|
|
4.000 |
|
|
11/01/2027 |
|
1,428,011 |
|
|
|
3,160,000 |
|
|
|
4.625 |
|
|
11/01/2037 |
|
3,417,730 |
|
|
|
2,790,000 |
|
|
|
4.750 |
|
|
11/01/2047 |
|
2,986,862 |
| TSR Community Development District Special Assessment RB for Downtown Neighborhood
Assessment Area Series 2019 (NR/NR) |
|
|
|
1,695,000 |
|
|
|
4.000 |
|
|
11/01/2040 |
|
1,801,277 |
|
|
|
900,000 |
|
|
|
4.000 |
|
|
11/01/2050 |
|
936,819 |
| TSR Community Development District Special Assessment RB for Village 4 Project
Series 2015 A (NR/NR) |
|
|
|
90,000 |
|
|
|
4.250 |
|
|
11/01/2021 |
|
91,441 |
|
|
|
2,430,000 |
|
|
|
5.625 |
|
|
11/01/2045 |
|
2,748,014 |
| Turnbull Creek Community Development District Senior Special Assessment Refunding
Series 2015 A-1 (A/NR) |
|
|
|
2,255,000 |
|
|
|
4.375 |
|
|
05/01/2035 |
|
2,485,393 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Two Creeks Community Development District RB Refunding for Capital Improvement
Senior Lien Series 2016 A-1 (A/NR) |
| $ |
|
|
1,700,000 |
|
|
|
3.500 |
% |
|
05/01/2032 |
|
$ 1,869,847 |
|
|
|
2,545,000 |
|
|
|
3.625 |
|
|
05/01/2037 |
|
2,787,895 |
| Two Creeks Community Development District RB Refunding for Capital Improvement
Subordinate Lien Series 2016 A-2 (NR/NR) |
|
|
|
615,000 |
|
|
|
4.750 |
|
|
05/01/2037 |
|
653,136 |
| Two Lakes Community Development District Special Assessment Expansion Area Series
2019 (NR/NR) |
|
|
|
2,300,000 |
|
|
|
3.750 |
|
|
12/15/2039 |
|
2,421,716 |
|
|
|
3,505,000 |
|
|
|
4.000 |
|
|
12/15/2049 |
|
3,693,639 |
| Two Lakes Community Development District Special Assessment
Series 2017 (NR/NR)(a) |
|
|
|
790,000 |
|
|
|
3.250 |
|
|
12/15/2022 |
|
805,926 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
12/15/2028 |
|
2,162,780 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/15/2032 |
|
1,194,970 |
|
|
|
1,705,000 |
|
|
|
5.000 |
|
|
12/15/2037 |
|
2,029,990 |
|
|
|
5,330,000 |
|
|
|
5.000 |
|
|
12/15/2047 |
|
6,241,377 |
| Union Park East Community Development District Capital Improvement RB for
Assessment Area One Series 2017 A-1 (NR/NR)(a) |
|
|
|
2,425,000 |
|
|
|
5.500 |
|
|
11/01/2047 |
|
2,747,064 |
| University Park Recreation District Special Assessment Series 2019 (BAM)
(AA/NR) |
|
|
|
2,800,000 |
|
|
|
3.375 |
|
|
05/01/2045 |
|
3,125,304 |
| V-Dana Community Development District
Special Assessment for Assessment Area One Series 2020 (NR/NR)(a) |
|
|
|
1,400,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,454,362 |
| Venetian Community Development District Capital Improvement RB Refunding Series
2012 A-1 (NR/NR) |
|
|
|
495,000 |
|
|
|
5.500 |
|
|
05/01/2034 |
|
510,370 |
|
|
|
750,000 |
|
|
|
6.125 |
|
|
05/01/2042 |
|
779,857 |
| Venetian Parc Community Development District Special Assessment Area One Project
Series 2013 (NR/NR) |
|
|
|
420,000 |
|
|
|
6.000 |
|
|
11/01/2027 |
|
481,807 |
|
|
|
2,050,000 |
|
|
|
6.500 |
|
|
11/01/2043 |
|
2,707,866 |
| Venetian Parc Community Development District Special Assessment Area Two Project
Series 2013 (NR/NR) |
|
|
|
600,000 |
|
|
|
6.375 |
|
|
11/01/2027 |
|
660,276 |
|
|
|
2,300,000 |
|
|
|
7.125 |
|
|
11/01/2044 |
|
2,636,490 |
| Ventana Community Development District Special Assessment RB Series 2018 (NR/NR)(a) |
|
|
|
270,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
276,229 |
|
|
|
4,655,000 |
|
|
|
5.125 |
|
|
05/01/2049 |
|
5,111,842 |
| Veranda Community Development District II Special Assessment Area 1 Gardens East
Project Series 2018 A (NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
1,120,120 |
|
|
|
1,700,000 |
|
|
|
5.125 |
|
|
11/01/2049 |
|
1,906,771 |
| Veranda Community Development District II Special Assessment Area 2 Preserve West
Project Series 2018 A (NR/NR) |
|
|
|
980,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
1,097,718 |
|
|
|
1,600,000 |
|
|
|
5.125 |
|
|
11/01/2049 |
|
1,794,608 |
| Veranda Community Development District II Special Assessment Area 3 4 & 5
Series 2018 B (NR/NR) |
|
|
|
2,155,000 |
|
|
|
5.875 |
|
|
11/01/2032 |
|
2,178,662 |
| Verandah East Community Development District Special Assessment
Refunding & Improvement RB Series 2016 (NR/NR) |
|
|
|
375,000 |
|
|
|
3.375 |
|
|
05/01/2021 |
|
376,282 |
|
|
|
2,450,000 |
|
|
|
3.750 |
|
|
05/01/2026 |
|
2,531,316 |
|
|
|
4,360,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
4,559,732 |
|
|
|
1,700,000 |
|
|
|
4.125 |
|
|
05/01/2034 |
|
1,780,580 |
|
|
|
1,000,000 |
|
|
|
4.250 |
|
|
05/01/2037 |
|
1,045,490 |
| Verano #1 Community Development District Senior Special Assessment Refunding for
Community Infrastructure Project Series 2017 A-1 (BBB/NR)(a) |
|
|
|
1,980,000 |
|
|
|
4.000 |
|
|
05/01/2031 |
|
2,230,846 |
|
|
|
2,940,000 |
|
|
|
4.000 |
|
|
05/01/2037 |
|
3,243,496 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Verano #1 Community Development District Special Assessment Bonds for District #1
Project Series 2015 (NR/NR) |
| $ |
|
|
745,000 |
|
|
|
5.125 |
% |
|
11/01/2035 |
|
$ 841,768 |
|
|
|
1,000,000 |
|
|
|
5.250 |
|
|
11/01/2046 |
|
1,117,390 |
| Verano No. 2 Community Development District Special Assessment Bonds for POD C
Project Series 2020 (NR/NR) |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
277,709 |
|
|
|
1,700,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,766,640 |
| Verano No. 2 Community Development District Special Assessment Bonds for POD D
Project Series 2020 (NR/NR) |
|
|
|
370,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
387,741 |
|
|
|
2,015,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
2,093,948 |
| Verano No. 2 Community Development District Special Assessment Bonds for POD E
Project Series 2020 (NR/NR) |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
277,707 |
|
|
|
1,740,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,808,173 |
| Viera East Community Development District Special Assessment Bonds Series 2020
(AGM) (AA/NR) |
|
|
|
1,625,000 |
|
|
|
2.600 |
|
|
05/01/2034 |
|
1,639,430 |
|
|
|
1,100,000 |
|
|
|
2.750 |
|
|
05/01/2038 |
|
1,106,699 |
| Villa Portofino East Community Development District Special Assessment Refunding
Series 2019 (NR/NR) |
|
|
|
1,000,000 |
|
|
|
3.750 |
|
|
05/01/2037 |
|
1,054,980 |
| Village Community Development District No. 09 Special Assessment RB Series
2011 (NR/NR) |
|
|
|
4,095,000 |
|
|
|
7.000 |
|
|
05/01/2041 |
|
4,174,443 |
| Village Community Development District No. 10 Special Assessment RB Series
2012 (NR/NR) |
|
|
|
2,400,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
2,507,568 |
|
|
|
5,577,000 |
|
|
|
5.125 |
|
|
05/01/2043 |
|
5,840,513 |
| Village Community Development District No. 10 Special Assessment RB Series
2014 (NR/NR) |
|
|
|
4,200,000 |
|
|
|
6.000 |
|
|
05/01/2044 |
|
4,613,448 |
| Village Community Development District No. 12 Special Assessment RB Series
2018 (NR/NR)(a) |
|
|
|
970,000 |
|
|
|
4.250 |
|
|
05/01/2043 |
|
1,061,830 |
|
|
|
13,370,000 |
|
|
|
4.375 |
|
|
05/01/2050 |
|
14,634,401 |
| Village Community Development District No. 13 Special Assessment RB Series
2019 (NR/NR) |
|
|
|
10,000,000 |
|
|
|
3.700 |
|
|
05/01/2050 |
|
10,515,700 |
| Village Community Development District No. 13 Special Assessment RB Series
2020 (NR/NR)(a) |
|
|
|
4,235,000 |
|
|
|
3.250 |
|
|
05/01/2040 |
|
4,365,946 |
|
|
|
9,410,000 |
|
|
|
3.500 |
|
|
05/01/2051 |
|
9,679,503 |
| Village Community Development District No. 5 Special Assessment RB Refunding
Phase I Series 2013 (A/NR) |
|
|
|
1,435,000 |
|
|
|
4.000 |
|
|
05/01/2033 |
|
1,500,407 |
| Village Community Development District No. 5 Special Assessment RB Refunding
Phase II Series 2013 (A/NR) |
|
|
|
1,155,000 |
|
|
|
4.000 |
|
|
05/01/2034 |
|
1,207,876 |
| Village Community Development District No. 9 Special Assessment Refunding
Series 2012 (NR/NR) |
|
|
|
1,760,000 |
|
|
|
5.500 |
|
|
05/01/2042 |
|
1,826,774 |
| Villamar Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
915,000 |
|
|
|
4.625 |
|
|
05/01/2039 |
|
997,487 |
|
|
|
1,395,000 |
|
|
|
4.875 |
|
|
05/01/2050 |
|
1,530,273 |
| Villamar Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
555,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
569,047 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,025,020 |
| Vizcaya In Kendall Community Development District Special Assessment Bonds Series
2016 (BBB-/NR) |
|
|
|
1,000,000 |
|
|
|
3.750 |
|
|
11/01/2031 |
|
1,086,050 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
11/01/2036 |
|
1,086,460 |
|
|
|
1,300,000 |
|
|
|
4.125 |
|
|
11/01/2046 |
|
1,397,136 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Waterford Landing Community Development District Capital Improvement RB Series 2014
(NR/NR) |
| $ |
|
|
2,860,000 |
|
|
|
5.500 |
% |
|
05/01/2034 |
|
$ 3,066,549 |
|
|
|
3,825,000 |
|
|
|
5.750 |
|
|
05/01/2044 |
|
4,122,394 |
| Watergrass Community Development District II Special Assessment Bonds Series 2018
(NR/NR) |
|
|
|
4,040,000 |
|
|
|
5.250 |
|
|
05/01/2049 |
|
4,341,222 |
| Waters Edge Community Development District Capital Improvement RB Refunding Series
2012 A-1 (NR/NR) |
|
|
|
14,000 |
|
|
|
5.350 |
|
|
05/01/2039 |
|
14,009 |
| Waters Edge Community Development District Capital Improvement RB Refunding Series
2012 A-2 (NR/NR) |
|
|
|
210,000 |
|
|
|
6.600 |
|
|
05/01/2039 |
|
212,699 |
| Waters Edge Community Development District Pasco County Capital Improvement RB
Refunding Senior Lien Series 2015 A-1 (BBB+/NR) |
|
|
|
3,235,000 |
|
|
|
4.200 |
|
|
05/01/2036 |
|
3,520,327 |
| Waterset Central Community Development District Special Assessment Bonds Series
2018 (NR/NR)(a) |
|
|
|
355,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
364,372 |
|
|
|
1,640,000 |
|
|
|
5.125 |
|
|
11/01/2038 |
|
1,774,923 |
|
|
|
2,800,000 |
|
|
|
5.250 |
|
|
11/01/2049 |
|
3,027,276 |
| Waterset North Community Development District Special Assessment RB Series 2014
(NR/NR) |
|
|
|
1,210,000 |
|
|
|
5.125 |
|
|
11/01/2035 |
|
1,291,772 |
|
|
|
1,945,000 |
|
|
|
5.500 |
|
|
11/01/2045 |
|
2,080,041 |
| Wesbridge Community Development District Special Assessment
Series 2019
(NR/NR) |
|
|
|
1,215,000 |
|
|
|
4.250 |
|
|
11/01/2049 |
|
1,289,285 |
| West Port Community Development District Special Assessment Area Two Series 2020
(NR/NR)(a)(h) |
|
|
|
570,000 |
|
|
|
3.625 |
|
|
05/01/2041 |
|
569,977 |
|
|
|
1,545,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
1,571,064 |
| West Villages Improvement District Unit of Development No. 7 Master
Infrastructure Special Assessment RB Series 2019 (NR/NR) |
|
|
|
2,340,000 |
|
|
|
4.750 |
|
|
05/01/2039 |
|
2,579,101 |
|
|
|
3,790,000 |
|
|
|
5.000 |
|
|
05/01/2050 |
|
4,208,757 |
| Westside Community Development District Special Assessment RB for Solara Phase 1
Assessment Area Series 2018 (NR/NR)(a) |
|
|
|
515,000 |
|
|
|
5.000 |
|
|
05/01/2038 |
|
568,926 |
|
|
|
600,000 |
|
|
|
5.200 |
|
|
05/01/2048 |
|
663,672 |
| Westside Community Development District Special Assessment RB for Solara Phase 2
Assessment Area Series 2019 (NR/NR) |
|
|
|
990,000 |
|
|
|
4.625 |
|
|
05/01/2039 |
|
1,077,219 |
|
|
|
1,590,000 |
|
|
|
4.850 |
|
|
05/01/2049 |
|
1,736,534 |
| Westside Community Development District Special Assessment RB Refunding Series 2019
(NR/NR)(a) |
|
|
|
800,000 |
|
|
|
4.100 |
|
|
05/01/2037 |
|
852,816 |
|
|
|
795,000 |
|
|
|
4.125 |
|
|
05/01/2038 |
|
847,128 |
| Westside Community Development District Special Assessment RB Series 2019
(NR/NR) |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
05/01/2039 |
|
1,331,316 |
|
|
|
2,000,000 |
|
|
|
5.200 |
|
|
05/01/2050 |
|
2,235,940 |
| Wildblue Community Development District Special Assessment Bonds Series 2019
(NR/NR)(a) |
|
|
|
2,375,000 |
|
|
|
4.250 |
|
|
06/15/2039 |
|
2,597,704 |
|
|
|
3,525,000 |
|
|
|
4.375 |
|
|
06/15/2049 |
|
3,799,915 |
| Winding Cypress Community Development District Phase 3 Assessment Area Special
Assessment Bonds Series 2019 (NR/NR) |
|
|
|
970,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
1,055,263 |
| Winding Cypress Community Development District Special Assessment Phase 1 and Phase
2 Assessment Area Series 2015 (NR/NR) |
|
|
|
400,000 |
|
|
|
4.375 |
|
|
11/01/2025 |
|
428,968 |
|
|
|
1,770,000 |
|
|
|
5.000 |
|
|
11/01/2045 |
|
1,903,635 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Windward Community Development District Special Assessment
Series 2020 A-1 (NR/NR) |
| $ |
|
|
1,885,000 |
|
|
|
4.400 |
% |
|
11/01/2035 |
|
$ 1,972,916 |
|
|
|
625,000 |
|
|
|
4.250 |
|
|
05/01/2040 |
|
645,388 |
|
|
|
500,000 |
|
|
|
4.500 |
|
|
05/01/2051 |
|
516,125 |
| Wiregrass Community Development District Capital Improvement RB Series 2014
(NR/NR) |
|
|
|
385,000 |
|
|
|
5.375 |
|
|
05/01/2035 |
|
416,612 |
|
|
|
3,035,000 |
|
|
|
5.625 |
|
|
05/01/2045 |
|
3,294,098 |
| Wiregrass Community Development District Capital Improvement RB Series 2016
(NR/NR) |
|
|
|
780,000 |
|
|
|
4.875 |
|
|
05/01/2036 |
|
828,531 |
|
|
|
1,445,000 |
|
|
|
5.000 |
|
|
05/01/2047 |
|
1,532,365 |
| Wiregrass II Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
|
1,585,000 |
|
|
|
3.700 |
|
|
05/01/2040 |
|
1,630,331 |
|
|
|
1,960,000 |
|
|
|
3.875 |
|
|
05/01/2050 |
|
2,008,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,377,199,375 |
| |
| Georgia – 1.7% |
| Atlanta Development Authority RB for New Downtown Atlanta Stadium Project Senior
Lien Series 2015 A-1 (A+/A1) |
|
|
|
1,500,000 |
|
|
|
5.250 |
|
|
07/01/2040 |
|
1,672,515 |
| Atlanta Development Authority RB for New Downtown Atlanta Stadium Project Senior
Lien Series 2015 B (A/A2) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
1,043,680 |
| Clayton County Development Authority Special Facilities RB for Delta Airlines, Inc.
Series 2009 A (B+/Baa3) |
|
|
|
10,920,420 |
|
|
|
8.750 |
|
|
06/01/2029 |
|
10,975,241 |
| Fulton County Development Authority RB for Tuff Caub LLC Project Series 2007 A
(NR/NR) |
|
|
|
1,430,000 |
|
|
|
5.250 |
|
|
11/01/2028 |
|
1,431,173 |
| Gainesville & Hall County Development Authority RB Refunding for Riverside
Military Academy Series 2017 (BB/NR) |
|
|
|
900,000 |
|
|
|
5.125 |
|
|
03/01/2052 |
|
849,087 |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2019 A (A-/A3) |
|
|
|
6,650,000 |
|
|
|
5.000 |
|
|
05/15/2043 |
|
7,997,755 |
|
|
|
24,875,000 |
|
|
|
5.000 |
|
|
05/15/2049 |
|
37,498,565 |
| Milledgeville & Baldwin County Development Authority Student Housing RB
Refunding for Georgia College & State University Foundation Property V, LLC Project Series 2007 (AMBAC) (A+/WR)(d) |
| (3 Mo. LIBOR + 0.65%), |
|
|
|
|
|
49,820,000 |
|
|
|
0.801 |
|
|
10/01/2033 |
|
47,674,751 |
| Municipal Electric Authority RB Georgia Plant Vogtle Units 3 & 4 Project Series
2019 A (A/Baa1) |
|
|
|
2,200,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
2,749,560 |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
7,410,720 |
|
|
|
29,610,000 |
|
|
|
5.000 |
|
|
01/01/2049 |
|
35,905,678 |
| Rockdale County Development Authority RB Refunding for Pratt Paper LLC Project
Series 2018 (AMT) (NR/NR)(a) |
|
|
|
3,500,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
3,855,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
159,064,675 |
| |
| Guam – 0.7% |
| A.B. Won Pat International Airport Authority RB Refunding General Series 2013 B
(AGM) (AA/A2) |
|
|
|
1,500,000 |
|
|
|
5.750 |
|
|
10/01/2043 |
|
1,637,775 |
| Guam Department of Education COPS Refunding for John F. Kennedy High
School & Energy Efficiency Project Series 2020 A (B+/Ba2) |
|
|
|
6,240,000 |
|
|
|
5.000 |
|
|
02/01/2040 |
|
6,537,024 |
| Guam Government Limited Obligation RB Section 30 Series 2016 A
(BB/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
585,470 |
|
|
|
4,515,000 |
|
|
|
5.000 |
|
|
12/01/2046 |
|
5,125,970 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Guam – (continued) |
| Guam International Airport Authority RB Refunding for Series 2013 C (AMT) (AGM)
(AA/A2) |
| $ |
|
|
7,300,000 |
|
|
|
6.125 |
% |
|
10/01/2043 |
|
$ 7,981,674 |
| Guam International Airport Authority RB Refunding for Series 2013 C (AMT)
(BB+/Baa2) |
|
|
|
2,560,000 |
|
|
|
6.375 |
|
|
10/01/2043 |
|
2,773,427 |
| Guam Waterworks Authority RB for Water & Wastewater System
Series 2013 (A-/Baa2)(e) |
|
|
|
14,455,000 |
|
|
|
5.500 |
|
|
07/01/2023 |
|
16,328,946 |
| Guam Waterworks Authority RB for Water & Wastewater System Series 2016 (A-/Baa2) |
|
|
|
9,675,000 |
|
|
|
5.000 |
|
|
01/01/2046 |
|
11,060,847 |
| Guam Waterworks Authority RB for Water & Wastewater System Series 2020 A (A-/Baa2) |
|
|
|
4,170,000 |
|
|
|
5.000 |
|
|
01/01/2050 |
|
5,170,925 |
| Guam Waterworks Authority RB Refunding for Water & Wastewater System
Series 2017 (A-/Baa2) |
|
|
|
1,165,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
1,393,934 |
|
|
|
960,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
1,144,205 |
|
|
|
1,920,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
2,282,515 |
|
|
|
1,365,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
1,618,945 |
| Port Authority of Guam RB Series 2018 A (A/Baa2) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
2,981,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
66,623,082 |
| |
| Hawaii – 0.2% |
| Hawaii State Department of Budget & Finance RB Refunding for Hawaiian
Electric Co., Inc. Series 2019 (A-/Baa2) |
|
|
|
12,170,000 |
|
|
|
3.200 |
|
|
07/01/2039 |
|
12,711,078 |
| Kauai County Community Facilities District
No. 2008-1 Special Tax RB for Kukui’ula Development Series 2019 (NR/NR) |
|
|
|
675,000 |
|
|
|
5.000 |
|
|
05/15/2044 |
|
767,205 |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
05/15/2049 |
|
3,098,150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,576,433 |
| |
| Illinois – 11.4% |
| Chicago Board of Education GO Bonds for Build America Bonds
Series 2009 E (BB-/B1) |
|
|
|
1,400,000 |
|
|
|
5.382 |
|
|
12/01/2023 |
|
1,464,148 |
|
|
|
5,440,000 |
|
|
|
5.482 |
|
|
12/01/2024 |
|
5,717,059 |
| Chicago Illinois Board of Education Dedicated Capital Improvement Series 2016 (A-/NR) |
|
|
|
16,000,000 |
|
|
|
6.000 |
|
|
04/01/2046 |
|
18,961,120 |
| Chicago Illinois Board of Education Dedicated Capital Improvement Series 2017 (A-/NR) |
|
|
|
1,700,000 |
|
|
|
5.000 |
|
|
04/01/2042 |
|
1,905,887 |
|
|
|
1,625,000 |
|
|
|
5.000 |
|
|
04/01/2046 |
|
1,808,527 |
| Chicago Illinois Board of Education GO Bonds Capital Appreciation for School Reform
Series 1998 B-1 (NATL-RE) (BB-/Baa2)(c) |
|
|
|
4,415,000 |
|
|
|
0.000 |
|
|
12/01/2027 |
|
3,685,819 |
|
|
|
685,000 |
|
|
|
0.000 |
|
|
12/01/2028 |
|
550,562 |
|
|
|
9,125,000 |
|
|
|
0.000 |
|
|
12/01/2029 |
|
7,045,686 |
|
|
|
6,905,000 |
|
|
|
0.000 |
|
|
12/01/2030 |
|
5,136,560 |
| Chicago Illinois Board of Education GO Bonds Capital Appreciation for School Reform
Series 1999 A (NATL-RE) (BB-/Baa2)(c) |
|
|
|
125,000 |
|
|
|
0.000 |
|
|
12/01/2029 |
|
96,516 |
|
|
|
775,000 |
|
|
|
0.000 |
|
|
12/01/2030 |
|
576,515 |
| Chicago Illinois Board of Education GO Bonds Series 2017 A (BB-/NR)(a) |
|
|
|
5,500,000 |
|
|
|
7.000 |
|
|
12/01/2046 |
|
6,945,070 |
| Chicago Illinois Board of Education GO Refunding Bonds Capital Appreciation for
School Reform Series 1999 A (NATL-RE) (BB-/Baa2)(c) |
|
|
|
22,095,000 |
|
|
|
0.000 |
|
|
12/01/2031 |
|
15,808,531 |
| Chicago Illinois Board of Education GO Refunding Bonds for School Reform Series
1999 A (NATL-RE) (BB-/Baa2) |
|
|
|
5,000,000 |
|
|
|
5.500 |
|
|
12/01/2026 |
|
5,703,100 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago Illinois Board of Education GO Refunding Bonds Series 2005 A (AMBAC) (BB-/B1) |
| $ |
|
|
8,965,000 |
|
|
|
5.500 |
% |
|
12/01/2029 |
|
$ 10,624,153 |
| Chicago Illinois Board of Education GO Refunding Bonds Series 2010 F (BB-/B1) |
|
|
|
1,305,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
1,306,931 |
| Chicago Illinois Board of Education Unlimited Tax GO Bonds for Dedicated Alternate
Revenues Series 2015 C (BB-/NR) |
|
|
|
20,025,000 |
|
|
|
5.250 |
|
|
12/01/2035 |
|
21,752,957 |
|
|
|
10,410,000 |
|
|
|
5.250 |
|
|
12/01/2039 |
|
11,251,336 |
| Chicago Illinois Board of Education Unlimited Tax GO Bonds for Dedicated Revenues
Series 2011 A (BB-/B1) |
|
|
|
525,000 |
|
|
|
5.500 |
|
|
12/01/2039 |
|
534,377 |
|
|
|
1,445,000 |
|
|
|
5.000 |
|
|
12/01/2041 |
|
1,463,380 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2005 A (AMBAC) (BB-/B1) |
|
|
|
2,300,000 |
|
|
|
5.500 |
|
|
12/01/2030 |
|
2,746,154 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2009 E (BB-/B1) |
|
|
|
9,750,000 |
|
|
|
6.038 |
|
|
12/01/2029 |
|
10,338,510 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2012 B (BB-/B1) |
|
|
|
9,025,000 |
|
|
|
4.000 |
|
|
12/01/2035 |
|
9,072,562 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2016 A (BB-/NR) |
|
|
|
54,375,000 |
|
|
|
7.000 |
|
|
12/01/2044 |
|
65,034,675 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2016 B (BB-/NR) |
|
|
|
61,035,000 |
|
|
|
6.500 |
|
|
12/01/2046 |
|
72,767,148 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2018 A (AGM) (AA/NR) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
1,867,845 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
1,549,825 |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
1,265,352 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2032 |
|
1,227,610 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
1,526,588 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
1,217,760 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2018 C (AGM) (AA/NR) |
|
|
|
6,535,000 |
|
|
|
5.000 |
|
|
12/01/2029 |
|
8,176,004 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
1,242,360 |
| Chicago Illinois Capital Appreciation Refunding & Project Series 2009 C
(BBB+/Ba1)(c) |
|
|
|
11,545,000 |
|
|
|
0.000 |
|
|
01/01/2032 |
|
7,667,496 |
| Chicago Illinois GO Bonds Project and Refunding RMKT 06/08/15
Series 2005 D
(BBB+/Ba1) |
|
|
|
1,800,000 |
|
|
|
5.500 |
|
|
01/01/2037 |
|
1,975,482 |
| Chicago Illinois GO Bonds Project Refunding Series 2014 A
(BBB+/Ba1) |
|
|
|
8,375,000 |
|
|
|
5.250 |
|
|
01/01/2033 |
|
8,958,905 |
|
|
|
6,295,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
6,679,562 |
|
|
|
10,500,000 |
|
|
|
5.000 |
|
|
01/01/2036 |
|
11,120,760 |
| Chicago Illinois GO Bonds Project Series 2011 A (BBB+/Ba1) |
|
|
|
6,670,000 |
|
|
|
5.250 |
|
|
01/01/2035 |
|
6,682,140 |
|
|
|
3,025,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
3,028,418 |
| Chicago Illinois GO Bonds Project Series 2012 A (BBB+/Ba1) |
|
|
|
18,325,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
18,647,153 |
|
|
|
7,095,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
7,216,041 |
| Chicago Illinois GO Bonds Series 2010 B (BBB+/Ba1) |
|
|
|
3,145,000 |
|
|
|
7.517 |
|
|
01/01/2040 |
|
3,812,589 |
| Chicago Illinois GO Bonds Series 2015 A (BBB+/NR) |
|
|
|
4,180,000 |
|
|
|
5.500 |
|
|
01/01/2039 |
|
4,577,393 |
| Chicago Illinois GO Bonds Series 2015 B (BBB+/NR) |
|
|
|
14,603,000 |
|
|
|
7.375 |
|
|
01/01/2033 |
|
17,140,709 |
| Chicago Illinois GO Bonds Series 2019 A (BBB+/NR) |
|
|
|
20,015,000 |
|
|
|
5.000 |
|
|
01/01/2044 |
|
21,929,235 |
|
|
|
17,105,000 |
|
|
|
5.500 |
|
|
01/01/2049 |
|
20,082,809 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago Illinois GO Refunding Bonds RMKT 06/08/15 Series 2007 E
(BBB+/Ba1) |
| $ |
|
|
3,775,000 |
|
|
|
5.500 |
% |
|
01/01/2042 |
|
$ 4,126,792 |
| Chicago Illinois GO Refunding Bonds RMKT 06/08/15 Series 2007 F
(BBB+/Ba1) |
|
|
|
2,500,000 |
|
|
|
5.500 |
|
|
01/01/2042 |
|
2,732,975 |
| Chicago Illinois GO Refunding Bonds Series 2012 B (BBB+/Ba1) |
|
|
|
6,615,000 |
|
|
|
5.432 |
|
|
01/01/2042 |
|
6,625,187 |
| Chicago Illinois GO Refunding Bonds Series 2014 A (BBB+/Ba1) |
|
|
|
7,230,000 |
|
|
|
5.000 |
|
|
01/01/2035 |
|
7,667,053 |
| Chicago Illinois GO Refunding Bonds Series 2015 C (BBB+/NR) |
|
|
|
14,455,000 |
|
|
|
5.000 |
|
|
01/01/2038 |
|
15,575,552 |
| Chicago Illinois GO Refunding Bonds Series 2017 A (BBB+/NR) |
|
|
|
2,660,000 |
|
|
|
6.000 |
|
|
01/01/2038 |
|
3,111,934 |
| Chicago Illinois O’Hare International Airport RB General Airport Senior Lien
Series 2018 B (A/NR) |
|
|
|
11,630,000 |
|
|
|
4.000 |
|
|
01/01/2044 |
|
13,240,057 |
| Chicago Illinois Second Lien RB Refunding for Wastewater Transmission RMKT 10/19/15
Series 2008 C (A/NR) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
1,706,910 |
| Chicago Illinois Wastewater Transmission RB Second Lien
Series 2017 A (AGM)
(AA/NR) |
|
|
|
1,950,000 |
|
|
|
5.250 |
|
|
01/01/2042 |
|
2,376,153 |
|
|
|
5,460,000 |
|
|
|
4.000 |
|
|
01/01/2052 |
|
5,971,820 |
| Chicago Park District GO Bonds Limited Tax Series 2018 A (AA-/NR) |
|
|
|
2,585,000 |
|
|
|
4.000 |
|
|
01/01/2041 |
|
2,773,498 |
| City of Chicago GO Bonds for Neighborhoods Alive 21 Program
Series 2002 B
(BBB+/Ba1) |
|
|
|
2,685,000 |
|
|
|
5.500 |
|
|
01/01/2037 |
|
2,946,761 |
| City of Chicago GO Refunding Bonds Series 2020 A (BBB+/NR) |
|
|
|
485,000 |
|
|
|
5.000 |
|
|
01/01/2031 |
|
558,041 |
| City of Chicago Taxable GO Unlimited Bonds Series 2012 B (AGM-CR) (AA/A2) |
|
|
|
735,000 |
|
|
|
5.432 |
|
|
01/01/2042 |
|
886,410 |
| City of Chicago Taxable GO Unlimited Bonds Series 2014 B (AGM-CR) (AA/A2) |
|
|
|
7,350,000 |
|
|
|
6.314 |
|
|
01/01/2044 |
|
9,741,910 |
| Cortland Illinois Special Service Area No. 9 Special Tax Bonds for Richland
Trails Project Series 2007-1 (NR/NR) |
|
|
|
1,936,000 |
|
|
|
5.800 |
|
|
03/01/2037 |
|
1,635,804 |
| County of Will Illinois GO Bonds Series 2019 (AA+/Aa1) |
|
|
|
2,500,000 |
|
|
|
4.000 |
|
|
11/15/2047 |
|
2,911,650 |
| Du Page County Special Service Area No. 31 Special Tax for Monarch Landing
Project Series 2006 (NR/NR) |
|
|
|
1,256,000 |
|
|
|
5.625 |
|
|
03/01/2036 |
|
1,257,306 |
| Illinois Finance Authority RB for 2018 Blue Island LLC Series 2018 A-1 (NR/NR)* |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
12/01/2053 |
|
882,000 |
| Illinois Finance Authority RB for BHF Chicago Housing Group C LLC Project Series
2018 A-1 (NR/NR)* |
|
|
|
1,500,000 |
|
|
|
5.100 |
|
|
12/01/2043 |
|
300,000 |
|
|
|
2,150,000 |
|
|
|
5.250 |
|
|
12/01/2053 |
|
430,000 |
| Illinois Finance Authority RB for Christian Homes, Inc. Series 2010 (BBB-/NR) |
|
|
|
745,000 |
|
|
|
6.125 |
|
|
05/15/2027 |
|
746,892 |
| Illinois Finance Authority RB for Columbia College Chicago Series 2019
(BBB+/NR) |
|
|
|
715,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
834,884 |
|
|
|
920,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
1,057,145 |
|
|
|
1,175,000 |
|
|
|
5.000 |
|
|
12/01/2044 |
|
1,331,263 |
| Illinois Finance Authority RB for Roosevelt University Series 2019 A (NR/NR)(a) |
|
|
|
10,175,000 |
|
|
|
6.125 |
|
|
04/01/2049 |
|
11,175,915 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Illinois Finance Authority RB for University of Illinois Series 2020
(BBB+/NR) |
| $ |
|
|
950,000 |
|
|
|
4.000 |
% |
|
10/01/2040 |
|
$ 1,072,208 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
10/01/2050 |
|
1,048,277 |
| Illinois Finance Authority RB Refunding for Franciscan Communities Project Series
2017 A (BBB-/NR) |
|
|
|
1,645,000 |
|
|
|
4.000 |
|
|
05/15/2027 |
|
1,748,125 |
|
|
|
2,825,000 |
|
|
|
5.000 |
|
|
05/15/2037 |
|
3,127,444 |
|
|
|
1,055,000 |
|
|
|
5.000 |
|
|
05/15/2047 |
|
1,148,273 |
| Illinois Finance Authority RB Refunding for Illinois Institute of Technology Series
2019 (NR/Baa3) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
09/01/2035 |
|
1,660,560 |
|
|
|
1,725,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
2,081,092 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
09/01/2037 |
|
2,201,060 |
|
|
|
1,620,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
1,943,174 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
09/01/2039 |
|
2,188,120 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
09/01/2040 |
|
1,788,915 |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
09/01/2041 |
|
1,631,445 |
| Illinois Finance Authority RB Refunding for Illinois Wesleyan University Series
2016 (A-/Baa2) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2036 |
|
565,475 |
|
|
|
3,470,000 |
|
|
|
5.000 |
|
|
09/01/2046 |
|
3,857,981 |
| Illinois Finance Authority RB Refunding for Navistar International Corp. Series
2020 (CCC/B3)(a)(f)(g) |
|
|
|
4,740,000 |
|
|
|
4.750 |
|
|
08/01/2030 |
|
5,051,371 |
| Illinois Finance Authority RB Series 2013 A
(BBB-/NR) |
|
|
|
3,935,000 |
|
|
|
5.250 |
|
|
05/15/2047 |
|
4,113,216 |
| Illinois Finance Authority RB Series 2013 A (NR/NR)(e) |
|
|
|
565,000 |
|
|
|
5.250 |
|
|
05/15/2023 |
|
630,467 |
| Illinois Sales Tax Securitization Corp. RB Refunding Second Lien
Series 2020 A (AA-/NR) |
|
|
|
1,560,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
1,761,614 |
|
|
|
1,260,000 |
|
|
|
4.000 |
|
|
01/01/2039 |
|
1,418,924 |
| Illinois State GO Bonds Pension Funding Series 2003
(BBB-/Baa3) |
|
|
|
50,750,000 |
|
|
|
5.100 |
|
|
06/01/2033 |
|
54,617,658 |
| Illinois State GO Bonds Series 2012
(BBB-/Baa3) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
03/01/2031 |
|
514,585 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
03/01/2037 |
|
768,795 |
| Illinois State GO Bonds Series 2013
(BBB-/Baa3) |
|
|
|
5,050,000 |
|
|
|
5.500 |
|
|
07/01/2038 |
|
5,372,493 |
| Illinois State GO Bonds Series 2014
(AGM-CR) (AA/A2) |
|
|
|
20,000,000 |
|
|
|
5.000 |
|
|
02/01/2039 |
|
21,331,600 |
| Illinois State GO Bonds Series 2014
(BBB-/Baa3) |
|
|
|
2,525,000 |
|
|
|
5.000 |
|
|
05/01/2029 |
|
2,733,388 |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
05/01/2030 |
|
10,795,900 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
05/01/2031 |
|
5,388,950 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
05/01/2039 |
|
5,320,200 |
| Illinois State GO Bonds Series 2017 A
(BBB-/Baa3) |
|
|
|
9,500,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
10,782,785 |
|
|
|
1,770,000 |
|
|
|
4.500 |
|
|
12/01/2041 |
|
1,922,397 |
|
|
|
4,730,000 |
|
|
|
5.000 |
|
|
12/01/2042 |
|
5,284,119 |
| Illinois State GO Bonds Series 2017 C
(BBB-/Baa3) |
|
|
|
59,670,000 |
|
|
|
5.000 |
|
|
11/01/2029 |
|
67,019,554 |
| Illinois State GO Bonds Series 2017 D
(BBB-/Baa3) |
|
|
|
5,845,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
6,527,287 |
|
|
|
16,695,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
18,875,200 |
|
|
|
57,825,000 |
|
|
|
5.000 |
|
|
11/01/2027 |
|
65,904,309 |
|
|
|
24,325,000 |
|
|
|
5.000 |
|
|
11/01/2028 |
|
27,497,466 |
| Illinois State GO Bonds Series 2018 A
(BBB-/Baa3) |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
404,037 |
|
|
|
1,940,000 |
|
|
|
5.000 |
|
|
05/01/2033 |
|
2,229,370 |
|
|
|
5,280,000 |
|
|
|
5.000 |
|
|
05/01/2042 |
|
5,939,630 |
|
|
|
5,280,000 |
|
|
|
5.000 |
|
|
05/01/2043 |
|
5,927,381 |
| Illinois State GO Bonds Series 2019 A
(BBB-/Baa3) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
2,236,860 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Illinois State GO Bonds Series 2019 C
(BBB-/Baa3) |
| $ |
|
|
10,825,000 |
|
|
|
4.000 |
% |
|
11/01/2042 |
|
$ 11,533,605 |
| Illinois State GO Bonds Series 2020
(BBB-/Baa3) |
|
|
|
1,575,000 |
|
|
|
5.500 |
|
|
05/01/2039 |
|
1,905,813 |
|
|
|
4,250,000 |
|
|
|
5.750 |
|
|
05/01/2045 |
|
5,162,263 |
| Illinois State GO Refunding Bonds Series 2016 (AGM) (AA/A2) |
|
|
|
20,175,000 |
|
|
|
4.000 |
|
|
02/01/2030 |
|
22,361,567 |
| Lincolnshire Special Service Area No. 1 Special Tax for Sedgebrook Project
Series 2004 A (NR/NR) |
|
|
|
1,862,000 |
|
|
|
6.250 |
|
|
03/01/2034 |
|
1,862,987 |
| Metropolitan Pier & Exposition Authority RB Capital Appreciation for
McCormick Place Expansion Series 2002 A (NATL-RE)
(BBB/Baa2)(c) |
|
|
|
15,690,000 |
|
|
|
0.000 |
|
|
12/15/2032 |
|
11,702,073 |
| Metropolitan Pier & Exposition Authority RB Refunding Capital Appreciation
for McCormick Place Expansion Project Series 2002 A (ETM) (NATL-RE) (NR/NR)(c)(e) |
|
|
|
530,000 |
|
|
|
0.000 |
|
|
06/15/2030 |
|
474,260 |
| Metropolitan Pier & Exposition Authority RB Refunding Capital Appreciation
for McCormick Place Expansion Project Series 2002 A (NATL-RE) (BBB/NR)(c) |
|
|
|
9,370,000 |
|
|
|
0.000 |
|
|
06/15/2030 |
|
7,619,778 |
| Metropolitan Pier & Exposition Authority RB Refunding Capital Appreciation
for McCormick Place Expansion Project Series 2010 B1 (AGM) (AA/A2)(c) |
|
|
|
3,200,000 |
|
|
|
0.000 |
|
|
06/15/2044 |
|
1,571,168 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2017 A (BBB/NR)(c) |
|
|
|
66,700,000 |
|
|
|
0.000 |
|
|
12/15/2056 |
|
15,813,903 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2017 B (AGM) (AA/A2)(c) |
|
|
|
18,400,000 |
|
|
|
0.000 |
|
|
12/15/2056 |
|
5,585,136 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2017 B (BBB/NR)(c) |
|
|
|
70,000,000 |
|
|
|
0.000 |
|
|
12/15/2054 |
|
18,042,500 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2020 A (BBB/NR) |
|
|
|
11,460,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
12,177,167 |
|
|
|
1,340,000 |
|
|
|
5.000 |
|
|
06/15/2050 |
|
1,548,624 |
| Plano Special Service Area No. 5 Special Tax for Lakewood Springs Club Unit 6
Series 2006 (NR/NR)* |
|
|
|
2,322,000 |
|
|
|
6.000 |
|
|
03/01/2036 |
|
1,892,430 |
| Quad Cities Regional Economic Development Authority RB for Augustana College Series
2012 (NR/Baa1) |
|
|
|
840,000 |
|
|
|
4.750 |
|
|
10/01/2029 |
|
876,935 |
|
|
|
1,010,000 |
|
|
|
4.750 |
|
|
10/01/2032 |
|
1,050,975 |
| Regional Transportation Authority Illinois GO Bonds Series 2016 A
(AA/A2) |
|
|
|
7,730,000 |
|
|
|
4.000 |
|
|
06/01/2046 |
|
8,414,414 |
| Southwestern Illinois Development Authority Health Facility RB for Memorial Group,
Inc. Series 2013 (NR/NR)(e) |
|
|
|
5,000,000 |
|
|
|
7.625 |
|
|
11/01/2023 |
|
6,014,300 |
| State of Illinois GO Bonds Series 2010-1 (BBB-/Baa3) |
|
|
|
630,000 |
|
|
|
6.630 |
|
|
02/01/2035 |
|
721,760 |
| State of Illinois GO Bonds Series 2017 A
(BBB-/Baa3) |
|
|
|
9,500,000 |
|
|
|
4.250 |
|
|
12/01/2040 |
|
10,198,915 |
| State of Illinois GO Bonds Series 2017 D
(BBB-/Baa3) |
|
|
|
4,910,000 |
|
|
|
3.250 |
|
|
11/01/2026 |
|
5,049,149 |
| State of Illinois GO Refunding Bonds Series 2018 A
(BBB-/Baa3) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
10/01/2027 |
|
3,511,590 |
|
|
|
8,230,000 |
|
|
|
5.000 |
|
|
10/01/2028 |
|
9,752,303 |
| State of Illinois GO Unlimited Bonds Series 2017 A
(BBB-/Baa3) |
|
|
|
2,750,000 |
|
|
|
4.000 |
|
|
12/01/2033 |
|
2,953,363 |
|
|
|
7,950,000 |
|
|
|
4.250 |
|
|
12/01/2037 |
|
8,584,410 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Upper Illinois River Valley Development Authority RB Refunding for Prairie Crossing
Charter School Series 2020 (NR/NR)(a) |
| $ |
|
|
380,000 |
|
|
|
5.000 |
% |
|
01/01/2045 |
|
$ 396,355 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
01/01/2055 |
|
931,509 |
| Village of Morton Grove Tax Increment Senior Lien RB for Sawmill Station
Redevelopment Project Series 2019 (NR/NR) |
|
|
|
1,900,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
1,904,142 |
| Village of Romeoville RB Refunding for Lewis University Series 2018 B
(BBB/NR) |
|
|
|
540,000 |
|
|
|
4.125 |
|
|
10/01/2041 |
|
561,859 |
|
|
|
1,080,000 |
|
|
|
4.125 |
|
|
10/01/2046 |
|
1,116,817 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,090,217,006 |
| |
| Indiana – 0.3% |
| Gary/Chicago International Airport Authority Airport Development Zone RB Series
2014 (AMT) (BBB+/NR) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
02/01/2029 |
|
1,441,492 |
|
|
|
1,250,000 |
|
|
|
5.250 |
|
|
02/01/2034 |
|
1,375,263 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
02/01/2039 |
|
1,628,670 |
| Indiana Finance Authority Educational Facilities RB for Marian University, Inc.
Series 2019 A (BBB/NR) |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
09/15/2049 |
|
418,540 |
| Indiana Finance Authority Midwestern Disaster Relief RB for Ohio Valley Electric
Co. Project Series 2012 A (BBB-/Ba1) |
|
|
|
7,100,000 |
|
|
|
5.000 |
|
|
06/01/2039 |
|
7,366,463 |
| Indiana Finance Authority RB for KIPP Indianapolis, Inc. Series 2020 A
(NR/Ba1) |
|
|
|
865,000 |
|
|
|
5.000 |
|
|
07/01/2055 |
|
954,017 |
| Indiana Finance Authority RB for Private Activity for Ohio River Bridges East End
Crossing Project Series 2013 A (BBB+/NR) |
|
|
|
6,250,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
6,659,500 |
| Indiana Finance Authority RB Ohio Valley Electric Corp. Series 2010 A
(NR/Ba1) |
|
|
|
3,110,000 |
|
|
|
3.000 |
|
|
11/01/2030 |
|
3,318,961 |
| Indiana Finance Authority RB Ohio Valley Electric Corp. Series 2012 B (BBB-/Ba1) |
|
|
|
2,250,000 |
|
|
|
3.000 |
|
|
11/01/2030 |
|
2,401,178 |
| Indiana Finance Authority RB Ohio Valley Electric Corp. Series 2012 C (BBB-/Ba1) |
|
|
|
2,500,000 |
|
|
|
3.000 |
|
|
11/01/2030 |
|
2,667,975 |
| Indianapolis Airport Authority Special Facilities RB for United Air Lines, Inc.
Project Series 1995 A (NR/WR)* |
|
|
|
7,520,823 |
|
|
|
6.500 |
|
|
11/15/2031 |
|
150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,232,209 |
| |
| Iowa – 0.1% |
| Iowa Finance Authority Midwestern Disaster Area Iowa Fertilizer Company Project RB
Refunding Series 2019 (BB-/NR) |
|
|
|
2,630,000 |
|
|
|
3.125 |
|
|
12/01/2022 |
|
2,692,462 |
| Iowa Finance Authority RB for Lifespace Communities, Inc. Obligated Group Series
2019 A-1 (BBB/NR) |
|
|
|
2,050,000 |
|
|
|
4.000 |
|
|
05/15/2055 |
|
2,080,525 |
|
|
|
2,700,000 |
|
|
|
5.000 |
|
|
05/15/2055 |
|
2,941,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,714,124 |
| |
| Kansas – 0.1% |
| City of Wichita Health Care Facilities RB for Presbyterian Manors Obligated Group
Series III-2019 (NR/NR) |
|
|
|
1,155,000 |
|
|
|
5.000 |
|
|
05/15/2028 |
|
1,244,755 |
|
|
|
1,215,000 |
|
|
|
5.000 |
|
|
05/15/2029 |
|
1,311,750 |
|
|
|
2,850,000 |
|
|
|
5.000 |
|
|
05/15/2034 |
|
2,990,762 |
|
|
|
1,190,000 |
|
|
|
5.000 |
|
|
05/15/2050 |
|
1,204,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,751,797 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Kentucky – 0.3% |
| Kentucky Asset Liability Commission General Fund RB Refunding for Floating Rate
Project Notes Series 2007 A (NATL-RE) (A-/A1)(d) |
| (3 Mo. LIBOR + 0.53%), |
|
|
| $ |
|
|
7,015,000 |
|
|
|
0.674 |
% |
|
11/01/2027 |
|
$ 6,907,320 |
| Kentucky Economic Development Finance Authority Hospital RB Refunding for
Louisville Arena Authority, Inc. Series 2017 A (AGM) (AA/A2) |
|
|
|
900,000 |
|
|
|
4.000 |
|
|
12/01/2041 |
|
1,009,035 |
| Kentucky Economic Development Finance Authority Hospital RB Refunding for Owensboro
Medical Health System, Inc. Series 2017 A (AGM) (AA/A2) |
|
|
|
3,300,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
3,730,452 |
|
|
|
2,925,000 |
|
|
|
4.000 |
|
|
06/01/2045 |
|
3,248,242 |
| Kentucky Economic Development Finance Authority Hospital RB Refunding for Owensboro
Medical Health System, Inc. Series 2017 B (AGM) (AA/A2) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
1,130,440 |
| Kentucky Economic Development Finance Authority RB Refunding for CommonSpirit
Health Obligated Group Series 2019 A-2 (BBB+/Baa1) |
|
|
|
2,300,000 |
|
|
|
5.000 |
|
|
08/01/2049 |
|
2,791,096 |
| Kentucky Public Energy Authority Gas Supply RB Series 2019 A-1 (A/A2)(f)(g) |
|
|
|
1,275,000 |
|
|
|
4.000 |
|
|
06/01/2025 |
|
1,452,594 |
| Louisville & Jefferson County Metropolitan Government Health System RB for
Norton Healthcare, Inc. Series 2013 A (A/NR) |
|
|
|
5,000,000 |
|
|
|
5.750 |
|
|
10/01/2042 |
|
5,551,150 |
| Louisville & Jefferson County Metropolitan Government RB for Norton
Healthcare Obligated Group Series 2020 A (A/NR) |
|
|
|
6,000,000 |
|
|
|
3.000 |
|
|
10/01/2043 |
|
6,325,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,145,889 |
| |
| Louisiana – 1.4% |
| Calcasieu Parish Memorial Hospital Service District RB for Southwest Louisiana
Healthcare System Obligated Group Series 2019 (BB+/NR) |
|
|
|
2,125,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
2,411,535 |
|
|
|
2,375,000 |
|
|
|
5.000 |
|
|
12/01/2039 |
|
2,648,671 |
| City of New Orleans Sewerage Service RB Series 2020 B (A/NR) |
|
|
|
1,125,000 |
|
|
|
4.000 |
|
|
06/01/2050 |
|
1,312,470 |
| Lakeshore Villages Master Community Development District Special Assessment Series
2019 (NR/NR)(a) |
|
|
|
1,900,000 |
|
|
|
4.125 |
|
|
06/01/2039 |
|
1,996,045 |
|
|
|
2,300,000 |
|
|
|
4.375 |
|
|
06/01/2048 |
|
2,424,177 |
| Louisiana Local Government Environmental Facilities and Community Development
Authority RB Refunding for Ragin’ Cajun Facilities, Inc. - Student Housing & Parking Project Series 2017 (AGM) (AA/NR) |
|
|
|
2,600,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
3,131,362 |
|
|
|
4,850,000 |
|
|
|
4.000 |
|
|
10/01/2041 |
|
5,430,108 |
| Louisiana Public Facilities Authority RB for Louisiana Children’s Medical
Center Obligated Series 2020 A (A+/NR) |
|
|
|
1,380,000 |
|
|
|
4.000 |
|
|
06/01/2050 |
|
1,599,724 |
| Louisiana Public Facilities Authority RB for Louisiana Children’s Medical
Center Obligated Series 2020 A (AGM) (AA/NR) |
|
|
|
3,760,000 |
|
|
|
3.000 |
|
|
06/01/2050 |
|
4,003,272 |
| Louisiana Public Facilities Authority RB for Louisiana State University &
Agricultural & Mechanical College Auxiliary Greenhouse Phase III Project Series 2019 A (A/A3) |
|
|
|
5,225,000 |
|
|
|
5.000 |
|
|
07/01/2059 |
|
6,157,244 |
| Louisiana Public Facilities Authority RB Refunding for Ochsner Clinic Foundation
Project Series 2017 (A/A3) |
|
|
|
12,725,000 |
|
|
|
4.000 |
|
|
05/15/2042 |
|
14,234,821 |
|
|
|
21,250,000 |
|
|
|
5.000 |
|
|
05/15/2046 |
|
25,080,950 |
| New Orleans Aviation Board General Airport RB for North Terminal Project Series
2015 B (AMT) (A-/A2) |
|
|
|
32,395,000 |
|
|
|
5.000 |
|
|
01/01/2045 |
|
36,221,821 |
| New Orleans Aviation Board General Airport RB for North Terminal Project Series
2017 B (AMT) (A-/A2) |
|
|
|
4,850,000 |
|
|
|
5.000 |
|
|
01/01/2048 |
|
5,620,471 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Louisiana – (continued) |
| Parish of St. James RB for NuStar Logistics LP Series 2008
(BB-/Ba3)(a)(f)(g) |
| $ |
|
|
1,400,000 |
|
|
|
6.100 |
% |
|
06/01/2030 |
|
$ 1,723,624 |
| Parish of St. James RB for NuStar Logistics LP Series 2010 (BB-/NR)(a) |
|
|
|
2,375,000 |
|
|
|
6.350 |
|
|
07/01/2040 |
|
2,971,838 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp.
Series 2017 A-1 (BBB-/Baa3)(f)(g) |
|
|
|
235,000 |
|
|
|
2.000 |
|
|
04/01/2023 |
|
238,408 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp.
Series 2017 A-3 (BBB-/Baa3)(f)(g) |
|
|
|
950,000 |
|
|
|
2.200 |
|
|
07/01/2026 |
|
979,840 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp.
Series 2017 B-2 (BBB-/Baa3)(f)(g) |
|
|
|
13,250,000 |
|
|
|
2.375 |
|
|
07/01/2026 |
|
13,787,553 |
| Port of New Orleans Board of Commissioners RB Series 2018 A (AGM)
(AA/A2) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
04/01/2048 |
|
2,387,160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
134,361,094 |
| |
| Maine – 0.2% |
| City of Portland General Airport RB Refunding Green Bonds Series 2019
(BBB+/Baa1) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
01/01/2035 |
|
1,149,080 |
|
|
|
1,355,000 |
|
|
|
4.000 |
|
|
01/01/2036 |
|
1,551,638 |
|
|
|
850,000 |
|
|
|
4.000 |
|
|
01/01/2037 |
|
969,909 |
|
|
|
1,030,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
1,172,037 |
|
|
|
800,000 |
|
|
|
4.000 |
|
|
01/01/2039 |
|
907,816 |
|
|
|
1,400,000 |
|
|
|
4.000 |
|
|
01/01/2040 |
|
1,585,514 |
| Maine Health & Higher Educational Facilities Authority RB for Maine
Medical Center Series 2018 A (A+/A1) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
07/01/2043 |
|
4,885,840 |
|
|
|
5,250,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
6,357,750 |
| Maine Health & Higher Educational Facilities Authority RB for Maine
Medical Center Series 2020 A (A+/A1) |
|
|
|
2,080,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
2,420,912 |
|
|
|
2,505,000 |
|
|
|
4.000 |
|
|
07/01/2050 |
|
2,892,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,893,220 |
| |
| Maryland – 0.5% |
| Baltimore Maryland Special Obligation Refunding for Baltimore Research Park Project
Series 2017 A (NR/NR) |
|
|
|
2,950,000 |
|
|
|
4.500 |
|
|
09/01/2033 |
|
3,111,129 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
1,607,640 |
| City of Baltimore RB Refunding for Baltimore Hotel Corp. Series 2017 (BB-/NR) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
1,320,886 |
|
|
|
860,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
810,464 |
|
|
|
1,410,000 |
|
|
|
5.000 |
|
|
09/01/2046 |
|
1,325,555 |
| City of Baltimore Tax Allocation for Harbor Point Special Taxing District Project
Series 2019 B (NR/NR)(a) |
|
|
|
325,000 |
|
|
|
3.550 |
|
|
06/01/2034 |
|
325,214 |
|
|
|
200,000 |
|
|
|
3.700 |
|
|
06/01/2039 |
|
199,936 |
|
|
|
300,000 |
|
|
|
3.875 |
|
|
06/01/2046 |
|
300,195 |
| City of Baltimore Tax Allocation Refunding Senior Lien for Harbor Point Special
Taxing District Project Series 2019 A (NR/NR)(a) |
|
|
|
290,000 |
|
|
|
3.400 |
|
|
06/01/2034 |
|
289,374 |
|
|
|
310,000 |
|
|
|
3.450 |
|
|
06/01/2035 |
|
309,293 |
|
|
|
550,000 |
|
|
|
3.500 |
|
|
06/01/2039 |
|
547,030 |
|
|
|
1,650,000 |
|
|
|
3.625 |
|
|
06/01/2046 |
|
1,644,522 |
| City of Brunswick Special Tax Refunding for Brunswick Crossing Special Taxing
District Series 2019 (NR/NR) |
|
|
|
1,450,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
1,607,368 |
| County of Baltimore RB Refunding for Oak Crest Village, Inc.
Series 2020
(A/NR) |
|
|
|
1,660,000 |
|
|
|
4.000 |
|
|
01/01/2045 |
|
1,806,462 |
|
|
|
2,370,000 |
|
|
|
4.000 |
|
|
01/01/2050 |
|
2,570,099 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Maryland – (continued) |
| County of Baltimore RB Refunding for Riderwood Village Obligated Group Series 2020
(A/NR) |
| $ |
|
|
4,980,000 |
|
|
|
4.000 |
% |
|
01/01/2045 |
|
$ 5,442,592 |
|
|
|
5,690,000 |
|
|
|
4.000 |
|
|
01/01/2050 |
|
6,180,307 |
| County of Prince George’s Special Obligation Bonds for Westphalia Town Center
Project Series 2018 (NR/NR)(a) |
|
|
|
1,885,000 |
|
|
|
5.250 |
|
|
07/01/2048 |
|
2,040,362 |
| Frederick County Urbana Community Development Authority Special Tax Series 2020 C
(NR/NR) |
|
|
|
3,765,000 |
|
|
|
4.000 |
|
|
07/01/2050 |
|
3,900,465 |
| Maryland Economic Development Corp. RB for Baltimore City Project Series 2018 A
(BB/NR) |
|
|
|
2,375,000 |
|
|
|
5.000 |
|
|
06/01/2058 |
|
2,546,285 |
| Maryland Economic Development Corp. RB for Morgan State University Project Series
2020 (BBB-/NR) |
|
|
|
925,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
965,488 |
|
|
|
1,400,000 |
|
|
|
4.250 |
|
|
07/01/2050 |
|
1,460,004 |
|
|
|
1,175,000 |
|
|
|
5.000 |
|
|
07/01/2050 |
|
1,326,892 |
|
|
|
2,265,000 |
|
|
|
5.000 |
|
|
07/01/2056 |
|
2,527,604 |
| Maryland Economic Development Corp. RB for Ports America Chesapeake LLC Project
Series 2019 A (AMT) (NR/Baa3) |
|
|
|
3,050,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
3,410,205 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for
Frederick Health, Inc. Obligated Group Series 2020 (A-/Baa1) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
07/01/2050 |
|
1,149,240 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for
St. John’s College Series 2020 (BBB/NR) |
|
|
|
840,000 |
|
|
|
3.000 |
|
|
10/01/2034 |
|
854,154 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
10/01/2040 |
|
554,285 |
| Maryland State Health & Higher Educational Facilities Authority RB for
Mercy Medical Center Series 2012 (BBB+/Baa1) |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
2,228,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,361,507 |
| |
| Massachusetts – 0.3% |
| Commonwealth of Massachusetts GO Limited Bonds Series 2016 E (AA/Aa1) |
|
|
|
10,130,000 |
|
|
|
3.000 |
|
|
04/01/2044 |
|
10,658,381 |
| Massachusetts Development Finance Agency RB for Linden Ponds, Inc. Series 2018
(BB/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/15/2033 |
|
1,100,850 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
11/15/2038 |
|
980,091 |
|
|
|
2,350,000 |
|
|
|
5.125 |
|
|
11/15/2046 |
|
2,547,823 |
| Massachusetts Development Finance Agency RB for Simmons College Issue Series 2015 K-1 (BBB+/Baa1) |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
10/01/2036 |
|
2,227,816 |
| Massachusetts Development Finance Agency RB Refunding for Carleton-Willard Homes,
Inc. Series 2019 (A-/NR) |
|
|
|
260,000 |
|
|
|
4.000 |
|
|
12/01/2042 |
|
280,449 |
|
|
|
280,000 |
|
|
|
5.000 |
|
|
12/01/2042 |
|
320,337 |
| Massachusetts Development Finance Agency RB Refunding for Milford Regional Medical
Center Obligated Group Series 2020 G (BB+/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/15/2046 |
|
1,169,820 |
| Massachusetts Development Finance Agency RB Refunding for Wellforce Obligated Group
Series 2020 C (AGM) (AA/NR) |
|
|
|
2,125,000 |
|
|
|
4.000 |
|
|
10/01/2045 |
|
2,485,910 |
| Massachusetts Development Finance Agency Wellforce Obligation Group RB Refunding
Series 2019 A (BBB+/NR) |
|
|
|
2,125,000 |
|
|
|
5.000 |
|
|
07/01/2044 |
|
2,509,413 |
| Massachusetts State GO Bonds Consolidated Loan Series 2007 A (NATL-RE) (AA/Aa1)(d) |
| (3 Mo. LIBOR + 0.57%), |
|
|
|
|
|
5,390,000 |
|
|
|
0.714 |
|
|
05/01/2037 |
|
5,217,035 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Massachusetts – (continued) |
| Massachusetts State GO Bonds Consolidated Loan Series 2012 A (BHAC-CR) (FGIC) (AA+/Aa1)(d) |
| (3 Mo. LIBOR + 0.57%), |
|
|
| $ |
|
|
1,040,000 |
|
|
|
0.714 |
% |
|
05/01/2037 |
|
$ 1,006,626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,504,551 |
| |
| Michigan – 2.3% |
| City of Detroit Financial Recovery GO Bonds Series 2014 B-1 (NR/NR)(f) |
|
|
|
53,570,536 |
|
|
|
4.000 |
|
|
04/01/2034 |
|
43,405,527 |
| City of Detroit Financial Recovery GO Bonds Series 2014 B-2 (NR/NR)(f) |
|
|
|
971,333 |
|
|
|
4.000 |
|
|
04/01/2034 |
|
787,023 |
| City of Detroit GO Bonds Series 2020
(BB-/Ba3) |
|
|
|
465,000 |
|
|
|
5.500 |
|
|
04/01/2031 |
|
543,427 |
|
|
|
495,000 |
|
|
|
5.500 |
|
|
04/01/2032 |
|
578,922 |
|
|
|
370,000 |
|
|
|
5.500 |
|
|
04/01/2033 |
|
431,561 |
|
|
|
280,000 |
|
|
|
5.500 |
|
|
04/01/2034 |
|
326,735 |
|
|
|
300,000 |
|
|
|
5.500 |
|
|
04/01/2035 |
|
349,647 |
|
|
|
345,000 |
|
|
|
5.500 |
|
|
04/01/2036 |
|
401,639 |
|
|
|
365,000 |
|
|
|
5.500 |
|
|
04/01/2037 |
|
424,805 |
|
|
|
395,000 |
|
|
|
5.500 |
|
|
04/01/2038 |
|
459,847 |
|
|
|
555,000 |
|
|
|
5.500 |
|
|
04/01/2039 |
|
645,470 |
|
|
|
590,000 |
|
|
|
5.500 |
|
|
04/01/2040 |
|
686,241 |
|
|
|
1,360,000 |
|
|
|
5.500 |
|
|
04/01/2045 |
|
1,575,560 |
|
|
|
1,940,000 |
|
|
|
5.500 |
|
|
04/01/2050 |
|
2,235,617 |
| Detroit Downtown Development Authority RB Refunding for Catalyst Development
Project Series 2018 A (AGM) (AA/NR) |
|
|
|
3,495,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
3,913,701 |
|
|
|
15,335,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
16,989,953 |
| Detroit Michigan School District GO Bonds for School Building and Site Improvement
Series 2002 A (FGIC) (Q-SBLF) (AA/Aa1) |
|
|
|
3,000,000 |
|
|
|
6.000 |
|
|
05/01/2021 |
|
3,055,020 |
| Detroit Michigan Sewage Disposal System RB Refunding Series 2006 D (AGM) (AA/A1)(d) |
| (3 Mo. LIBOR + 0.60%), |
|
|
|
|
|
4,675,000 |
|
|
|
0.751 |
|
|
07/01/2032 |
|
4,524,933 |
| Detroit Michigan Water & Sewerage Department Sewage Disposal System RB
Refunding Senior Lien Series 2012 A (AA-/A1)(e) |
|
|
|
2,000,000 |
|
|
|
5.250 |
|
|
07/01/2022 |
|
2,151,640 |
| Grand Rapids Charter Township Economic Development Corp. RB Refunding for United
Methodist Retirement Communities, Inc. Obligated Group Series 2020 (BBB-/NR) |
|
|
|
3,200,000 |
|
|
|
5.000 |
|
|
05/15/2037 |
|
3,605,472 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
05/15/2044 |
|
1,548,204 |
| Karegnondi Water Authority Water Supply System RB Refunding for Karegnondi Water
Pipeline Series 2018 (A/NR) |
|
|
|
1,425,000 |
|
|
|
5.000 |
|
|
11/01/2045 |
|
1,712,593 |
| Michigan Finance Authority Hospital RB for Henry Ford Health System Obligated Group
Series 2019 A (A/A2) |
|
|
|
2,800,000 |
|
|
|
5.000 |
|
|
11/15/2048 |
|
3,516,604 |
|
|
|
5,975,000 |
|
|
|
4.000 |
|
|
11/15/2050 |
|
6,899,452 |
| Michigan Finance Authority Hospital RB for McLaren Health Care Corp. Obligated
Group Series 2019 A (AA-/A1) |
|
|
|
10,275,000 |
|
|
|
4.000 |
|
|
02/15/2047 |
|
11,820,360 |
|
|
|
24,000,000 |
|
|
|
4.000 |
|
|
02/15/2050 |
|
27,335,760 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Sewage Disposal System Local Project Senior Lien Series 2014 C-3 (AGM) (AA/A1) |
|
|
|
2,175,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
2,485,046 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
1,994,913 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Sewage Disposal System Second Lien Series 2015 C (A+/A2) |
|
|
|
355,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
414,984 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Michigan – (continued) |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Water Supply System Local Project Senior Lien Series 2014 D-1 (AGM) (AA/A1) |
| $ |
|
|
2,600,000 |
|
|
|
5.000 |
% |
|
07/01/2035 |
|
$ 2,955,212 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Water Supply System Local Project Senior Lien Series 2015 D-1 (AA-/A1) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
1,467,812 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Water Supply System Local Project Senior Lien Series 2015 D-2 (A+/A2) |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
2,450,826 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Detroit
Water and Sewerage Department Water Supply System Series 2015 D-1 (AA-/A1) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
878,887 |
| Michigan Finance Authority RB Refunding for Kettering University Series 2020 (A-/NR) |
|
|
|
475,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
523,859 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
547,375 |
| Michigan Finance Authority Tobacco Settlement RB Refunding Series 2020 B-1 Class 2 (BBB-/NR) |
|
|
|
1,370,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
1,664,824 |
| Michigan Finance Authority Tobacco Settlement RB Refunding
Series 2020 B-2 Class 2 (NR/NR)(c) |
|
|
|
100,350,000 |
|
|
|
0.000 |
|
|
06/01/2065 |
|
12,293,879 |
| Michigan Strategic Fund Limited Obligation RB for
I-75 Improvement Project Series 2018 (AMT) (AGM) (AA/A2) |
|
|
|
22,545,000 |
|
|
|
4.125 |
|
|
06/30/2035 |
|
26,894,381 |
|
|
|
7,065,000 |
|
|
|
4.500 |
|
|
06/30/2048 |
|
8,364,748 |
| Michigan Strategic Fund RB Refunding for United Methodist Retirement Communities,
Inc. Obligated Group Series 2020 (BBB-/NR) |
|
|
|
1,875,000 |
|
|
|
5.000 |
|
|
05/15/2037 |
|
2,112,581 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
05/15/2044 |
|
1,548,204 |
| Michigan Tobacco Settlement Finance Authority RB for Capital Appreciation Series
2007 B (CCC-/NR)(c) |
|
|
|
42,935,000 |
|
|
|
0.000 |
|
|
06/01/2052 |
|
4,586,746 |
| Star International Academy RB Refunding Series 2020 (BBB/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
03/01/2030 |
|
2,297,260 |
|
|
|
3,480,000 |
|
|
|
5.000 |
|
|
03/01/2033 |
|
3,950,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
217,357,781 |
| |
| Minnesota – 0.6% |
| City of St Cloud RB Refunding for CentraCare Health System Obligated Group Series
2019 (AA-/A2) |
|
|
|
5,725,000 |
|
|
|
5.000 |
|
|
05/01/2048 |
|
7,038,430 |
|
|
|
2,300,000 |
|
|
|
4.000 |
|
|
05/01/2049 |
|
2,608,982 |
| City of Woodbury RB Refunding for Math & Science Academy
Series 2020 A (BBB-/NR) |
|
|
|
365,000 |
|
|
|
4.000 |
|
|
12/01/2040 |
|
389,776 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
12/01/2050 |
|
448,745 |
| Duluth Economic Development Authority Health Care Facilities RB for St. Luke’s
Hospital Series 2012 (NR/NR) |
|
|
|
2,500,000 |
|
|
|
5.750 |
|
|
06/15/2032 |
|
2,629,925 |
|
|
|
3,750,000 |
|
|
|
6.000 |
|
|
06/15/2039 |
|
3,946,425 |
| Duluth Economic Development Authority Health Care Facilities RB Refunding for
Essentia Health Obligated Group Series 2018 A (A-/NR) |
|
|
|
3,265,000 |
|
|
|
4.250 |
|
|
02/15/2048 |
|
3,612,559 |
|
|
|
23,575,000 |
|
|
|
5.250 |
|
|
02/15/2053 |
|
28,325,127 |
| Duluth Independent School District No.709 COPS Refunding
Series 2019 A
(NR/Ba2) |
|
|
|
640,000 |
|
|
|
3.250 |
|
|
03/01/2025 |
|
659,334 |
|
|
|
660,000 |
|
|
|
4.000 |
|
|
03/01/2026 |
|
704,293 |
|
|
|
755,000 |
|
|
|
4.000 |
|
|
03/01/2029 |
|
797,121 |
|
|
|
1,260,000 |
|
|
|
4.000 |
|
|
03/01/2032 |
|
1,313,008 |
|
|
|
685,000 |
|
|
|
4.200 |
|
|
03/01/2034 |
|
716,346 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Minnesota – (continued) |
| Minnesota Higher Education Facilities Authority RB Refunding for Bethel University
Project Series 2017 (BBB-/NR) |
| $ |
|
|
2,400,000 |
|
|
|
5.000 |
% |
|
05/01/2047 |
|
$ 2,598,744 |
| Minnesota Higher Education Facilities Authority RB Refunding for College of St.
Scholastica, Inc. Series 2019 (NR/Baa2) |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
12/01/2034 |
|
475,099 |
|
|
|
650,000 |
|
|
|
4.000 |
|
|
12/01/2040 |
|
714,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56,978,283 |
| |
| Missouri – 0.3% |
| Branson Regional Airport Transportation Development District Taxable RB for Branson
Airport Project Series 2018 A (NR/NR)(a)(f) |
|
|
|
493,986 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
76,696 |
| Branson Regional Airport Transportation Development District Taxable RB for Branson
Airport Project Series 2018 B (NR/NR)(a)(f) |
|
|
|
2,494,076 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
387,230 |
| Cape Girardeau County IDA Health Facilities RB Refunding for South Eastern Health
Series 2017 A (BBB-/Ba1) |
|
|
|
1,925,000 |
|
|
|
5.000 |
|
|
03/01/2036 |
|
2,113,900 |
| I-470 Western Gateway Transportation
Development District RB
Series 2019 A (NR/NR)(a) |
|
|
|
4,750,000 |
|
|
|
5.250 |
|
|
12/01/2048 |
|
4,937,720 |
| Kansas City Missouri Industrial Development Authority Senior Sales Tax RB Refunding
and Improvement Bonds for Ward Parkway Center Community Improvement District Series 2016 A (NR/NR)(a) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/01/2036 |
|
1,018,830 |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
04/01/2046 |
|
1,158,338 |
| Missouri Health & Educational Facilities Authority RB for Kansas City Art
Institute Series 2018 (A-/NR) |
|
|
|
2,430,000 |
|
|
|
5.000 |
|
|
09/01/2043 |
|
2,807,233 |
|
|
|
2,470,000 |
|
|
|
5.000 |
|
|
09/01/2048 |
|
2,829,163 |
| Missouri Health & Educational Facilities Authority RB Refunding for J.B.
Wright & Trenton Trust Obligated Group Series 2019 (BBB-/NR) |
|
|
|
1,495,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
1,846,594 |
|
|
|
1,065,000 |
|
|
|
5.000 |
|
|
09/01/2031 |
|
1,309,428 |
|
|
|
1,230,000 |
|
|
|
5.000 |
|
|
09/01/2033 |
|
1,491,572 |
| Missouri Health & Educational Facilities Authority RB Refunding for Mosaic
Health System Series 2019 A (AA-/A1) |
|
|
|
8,000,000 |
|
|
|
4.000 |
|
|
02/15/2054 |
|
9,105,040 |
| Missouri Southern State University RB Series 2019 A (AGM) (AA/NR) |
|
|
|
400,000 |
|
|
|
3.000 |
|
|
10/01/2044 |
|
410,236 |
|
|
|
500,000 |
|
|
|
3.125 |
|
|
10/01/2049 |
|
514,835 |
| St. Louis IDA Financing RB Refunding for Ballpark Village Development Project
Series 2017 A (NR/NR) |
|
|
|
1,900,000 |
|
|
|
4.750 |
|
|
11/15/2047 |
|
1,740,932 |
| Stone Canyon Community Improvement District RB for Public Infrastructure
Improvement Project Series 2007 (NR/NR)* |
|
|
|
1,250,000 |
|
|
|
5.750 |
|
|
04/01/2027 |
|
325,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,072,747 |
| |
| Nevada – 0.3% |
| City of Las Vegas Special Improvement District No. 607 for Local Improvement
Refunding Series 2013 (NR/NR) |
|
|
|
585,000 |
|
|
|
4.000 |
|
|
06/01/2021 |
|
590,253 |
|
|
|
320,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
333,872 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
294,748 |
|
|
|
200,000 |
|
|
|
4.250 |
|
|
06/01/2024 |
|
213,816 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
164,637 |
| City of Las Vegas Special Improvement District No. 813 for Summerlin Village
26 Local Improvement Bonds Series 2017 (NR/NR) |
|
|
|
300,000 |
|
|
|
4.250 |
|
|
06/01/2037 |
|
313,680 |
|
|
|
440,000 |
|
|
|
4.375 |
|
|
06/01/2042 |
|
458,317 |
|
|
|
505,000 |
|
|
|
4.500 |
|
|
06/01/2047 |
|
528,129 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Nevada – (continued) |
| City of Las Vegas Special Improvement District No. 814 Special Assessment
Series 2019 (NR/NR) |
| $ |
|
|
500,000 |
|
|
|
4.000 |
% |
|
06/01/2039 |
|
$ 527,080 |
|
|
|
1,400,000 |
|
|
|
4.000 |
|
|
06/01/2044 |
|
1,458,744 |
|
|
|
1,375,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
1,425,064 |
| City of Las Vegas Special Improvement District No. 815 Special Assessment
Series 2020 (NR/NR) |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
12/01/2049 |
|
1,043,974 |
| City of North Las Vegas Special Improvement District No. 64 Special Assessment
Bonds Series 2019 (NR/NR) |
|
|
|
345,000 |
|
|
|
4.250 |
|
|
06/01/2034 |
|
363,944 |
|
|
|
465,000 |
|
|
|
4.500 |
|
|
06/01/2039 |
|
496,164 |
|
|
|
345,000 |
|
|
|
4.625 |
|
|
06/01/2043 |
|
367,908 |
|
|
|
600,000 |
|
|
|
4.625 |
|
|
06/01/2049 |
|
635,610 |
| City of Sparks RB Refunding for Nevada Tourism Improvement District No. 1
Senior Project Series 2019 A (NR/Ba2)(a) |
|
|
|
725,000 |
|
|
|
2.500 |
|
|
06/15/2024 |
|
727,980 |
|
|
|
1,745,000 |
|
|
|
2.750 |
|
|
06/15/2028 |
|
1,755,958 |
| Henderson Local Improvement District No.
T-16 Special Assessment Limited Obligation Series 2005 (NR/NR) |
|
|
|
1,675,000 |
|
|
|
5.100 |
|
|
03/01/2021 |
|
1,668,786 |
|
|
|
870,000 |
|
|
|
5.100 |
|
|
03/01/2022 |
|
847,250 |
|
|
|
2,335,000 |
|
|
|
5.125 |
|
|
03/01/2025 |
|
2,133,419 |
| Henderson Local Improvement District No.
T-18 Limited Obligation Series 2016 (NR/NR) |
|
|
|
2,200,000 |
|
|
|
4.000 |
|
|
09/01/2035 |
|
2,262,458 |
| Las Vegas Convention & Visitors Authority RB Refunding
Series 2017 B
(A/Aa3) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
831,236 |
| Las Vegas Convention & Visitors Authority RB Refunding
Series 2018 C
(A/Aa3) |
|
|
|
635,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
764,997 |
| Las Vegas Convention & Visitors Authority RB Series 2018 B
(A/Aa3) |
|
|
|
2,795,000 |
|
|
|
5.000 |
|
|
07/01/2043 |
|
3,349,053 |
| Las Vegas Convention & Visitors Authority RB Series 2019 B
(A/Aa3) |
|
|
|
1,325,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
1,641,821 |
| Tahoe-Douglas Visitors Authority RB Series 2020 (NR/NR) |
|
|
|
2,635,000 |
|
|
|
5.000 |
|
|
07/01/2045 |
|
2,902,584 |
|
|
|
2,825,000 |
|
|
|
5.000 |
|
|
07/01/2051 |
|
3,100,014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,201,496 |
| |
| New Hampshire – 1.1% |
| New Hampshire Business Finance Authority RB for Casella Waste Systems, Inc. Series
2013 (B/B2)(a) |
|
|
|
1,800,000 |
|
|
|
2.950 |
|
|
04/01/2029 |
|
1,854,504 |
| New Hampshire Business Finance Authority RB Refunding for Covanta Holding Corp.
Series 2020 A (B/B1)(a)(f)(g) |
|
|
|
2,820,000 |
|
|
|
3.625 |
|
|
07/02/2040 |
|
2,852,063 |
| New Hampshire Business Finance Authority RB Refunding for Covanta Holding Corp.
Series 2020 B (AMT) (B/B1)(a)(f)(g) |
|
|
|
4,890,000 |
|
|
|
3.750 |
|
|
07/02/2040 |
|
4,948,876 |
| New Hampshire Health and Education Facilities Authority RB for Dartmouth-Hitchcock
Obligation Group Series 2020 A (A/NR) |
|
|
|
15,000,000 |
|
|
|
5.000 |
|
|
08/01/2059 |
|
23,262,600 |
| New Hampshire Health and Education Facilities Authority RB Refunding for
Dartmouth-Hitchcock Obligation Group Series 2017 A (A/NR) |
|
|
|
6,595,000 |
|
|
|
5.000 |
|
|
08/01/2033 |
|
8,136,186 |
|
|
|
6,930,000 |
|
|
|
5.000 |
|
|
08/01/2034 |
|
8,532,078 |
|
|
|
7,290,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
8,956,275 |
|
|
|
7,660,000 |
|
|
|
5.000 |
|
|
08/01/2036 |
|
9,384,572 |
|
|
|
8,055,000 |
|
|
|
5.000 |
|
|
08/01/2037 |
|
9,844,177 |
|
|
|
8,470,000 |
|
|
|
5.000 |
|
|
08/01/2038 |
|
10,328,487 |
|
|
|
8,900,000 |
|
|
|
5.000 |
|
|
08/01/2039 |
|
10,832,813 |
|
|
|
9,360,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
11,370,341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
110,302,972 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – 7.1% |
| Atlantic City Tax Appeal Refunding Bonds Series 2017 A (BAM) (ST AID WITHHLDG)
(AA/Baa1) |
| $ |
|
|
750,000 |
|
|
|
5.000 |
% |
|
03/01/2032 |
|
$ 910,995 |
|
|
|
1,010,000 |
|
|
|
5.000 |
|
|
03/01/2037 |
|
1,209,657 |
|
|
|
1,205,000 |
|
|
|
5.000 |
|
|
03/01/2042 |
|
1,429,021 |
| New Jersey Economic Development Authority Cigarette Tax RB Refunding Series 2012
(BBB/Baa2) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
06/15/2026 |
|
2,619,800 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/15/2028 |
|
1,044,440 |
| New Jersey Economic Development Authority Energy Facilities RB for UMM Energy
Partners, LLC Project Series 2012 A (AMT) (NR/Baa2) |
|
|
|
1,000,000 |
|
|
|
4.750 |
|
|
06/15/2032 |
|
1,048,350 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/15/2037 |
|
1,049,470 |
|
|
|
1,000,000 |
|
|
|
5.125 |
|
|
06/15/2043 |
|
1,049,360 |
| New Jersey Economic Development Authority Motor Vehicle Surcharges RB Refunding
Subordinate Series 2017 A (BBB/Baa3) |
|
|
|
3,500,000 |
|
|
|
4.000 |
|
|
07/01/2032 |
|
3,885,875 |
| New Jersey Economic Development Authority Private Activity RB for Goethals Bridge
Replacement Project Series 2013 (AMT) (BBB/NR) |
|
|
|
1,000,000 |
|
|
|
5.375 |
|
|
01/01/2043 |
|
1,104,500 |
| New Jersey Economic Development Authority RB for Provident Group - Kean Properties
L.L.C. - Kean University Student Housing Project Series 2017 A (B/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
495,720 |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
07/01/2047 |
|
1,123,090 |
| New Jersey Economic Development Authority RB for School Facilities Construction
Series 2016 AAA (BBB/Baa1) |
|
|
|
4,500,000 |
|
|
|
5.000 |
|
|
06/15/2041 |
|
5,183,370 |
| New Jersey Economic Development Authority RB Refunding for New Jersey Natural Gas
Co. Series 2011 C (AMT) (A+/A1) |
|
|
|
4,725,000 |
|
|
|
3.000 |
|
|
08/01/2041 |
|
4,828,005 |
| New Jersey Economic Development Authority RB Series 1997 A (NATL-RE) (BBB/Baa1) |
|
|
|
25,180,000 |
|
|
|
7.425 |
|
|
02/15/2029 |
|
32,454,754 |
| New Jersey Economic Development Authority Special Facilities RB for Continental
Airlines, Inc. Project Series 1998 (B/Ba3) |
|
|
|
7,500,000 |
|
|
|
5.500 |
|
|
04/01/2028 |
|
7,505,100 |
| New Jersey Economic Development Authority Special Facilities RB for Continental
Airlines, Inc. Project Series 1999 (B+/Ba3) |
|
|
|
8,500,000 |
|
|
|
5.250 |
|
|
09/15/2029 |
|
8,994,275 |
| New Jersey Economic Development Authority Special Facilities RB for Continental
Airlines, Inc. Project Series 2000 A (AMT) (B+/Ba3) |
|
|
|
5,000,000 |
|
|
|
5.625 |
|
|
11/15/2030 |
|
5,454,450 |
| New Jersey Economic Development Authority Special Facilities RB for Continental
Airlines, Inc. Project Series 2000 B (AMT) (B+/Ba3) |
|
|
|
5,000,000 |
|
|
|
5.625 |
|
|
11/15/2030 |
|
5,454,450 |
| New Jersey Economic Development Authority State Lease RB for Health Department
Project Series 2018 A (BBB/Baa1) |
|
|
|
2,470,000 |
|
|
|
5.000 |
|
|
06/15/2047 |
|
2,880,292 |
| New Jersey Economic Development Authority State Lease RB for Juvenile Justice
Commission Facilities Project Series 2018 C (BBB/Baa1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
06/15/2042 |
|
5,868,000 |
| New Jersey Educational Facilities Authority RB for Rider University A New Jersey Non-Profit Corp. Series 2017 F (BB+/Ba1) |
|
|
|
3,450,000 |
|
|
|
4.000 |
|
|
07/01/2042 |
|
3,173,759 |
| New Jersey Educational Facilities Authority RB for Seton Hall University Series
2020 C (AGM) (AA/A2) |
|
|
|
1,110,000 |
|
|
|
3.250 |
|
|
07/01/2049 |
|
1,187,123 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
07/01/2050 |
|
1,152,930 |
| New Jersey Educational Facilities Authority RB for Stevens Institute of Technology
Series 2020 A (BBB+/NR) |
|
|
|
3,350,000 |
|
|
|
3.000 |
|
|
07/01/2050 |
|
3,418,106 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey Health Care Facilities Financing Authority RB Refunding for Trinitas
Regional Medical Center Series 2017 A (BBB/Baa2) |
| $ |
|
|
1,000,000 |
|
|
|
5.000 |
% |
|
07/01/2028 |
|
$ 1,201,810 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
1,195,850 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
1,071,972 |
| New Jersey Health Care Facilities Financing Authority RB Refunding for University
Hospital Series 2015 A (AGM) (AA/A2) |
|
|
|
9,700,000 |
|
|
|
4.125 |
|
|
07/01/2038 |
|
10,578,335 |
|
|
|
5,600,000 |
|
|
|
5.000 |
|
|
07/01/2046 |
|
6,298,712 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2006 C (AMBAC) (BBB/Baa1)(c) |
|
|
|
134,205,000 |
|
|
|
0.000 |
|
|
12/15/2035 |
|
92,867,176 |
|
|
|
63,415,000 |
|
|
|
0.000 |
|
|
12/15/2036 |
|
42,370,098 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2008 A (BBB/Baa1)(c) |
|
|
|
41,545,000 |
|
|
|
0.000 |
|
|
12/15/2035 |
|
27,707,607 |
|
|
|
46,515,000 |
|
|
|
0.000 |
|
|
12/15/2038 |
|
27,707,590 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2010 A (BBB/Baa1)(c) |
|
|
|
12,000,000 |
|
|
|
0.000 |
|
|
12/15/2026 |
|
10,829,160 |
|
|
|
9,240,000 |
|
|
|
0.000 |
|
|
12/15/2029 |
|
7,611,727 |
|
|
|
1,900,000 |
|
|
|
0.000 |
|
|
12/15/2034 |
|
1,315,294 |
| New Jersey Transportation Trust Fund Authority RB for Federal Highway Reimbursement
Notes Subseries 2016 A-1 (A+/Baa1) |
|
|
|
3,335,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
3,889,610 |
| New Jersey Transportation Trust Fund Authority RB for Transportation Program Bonds
Series 2014 AA (BBB/Baa1) |
|
|
|
26,100,000 |
|
|
|
5.000 |
|
|
06/15/2038 |
|
28,622,043 |
| New Jersey Transportation Trust Fund Authority RB for Transportation Program Bonds
Series 2015 AA (BBB/Baa1) |
|
|
|
2,525,000 |
|
|
|
5.250 |
|
|
06/15/2041 |
|
2,872,768 |
|
|
|
5,075,000 |
|
|
|
5.000 |
|
|
06/15/2045 |
|
5,647,054 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
06/15/2046 |
|
1,945,528 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 C (AGM) (AA/A2)(c) |
|
|
|
11,150,000 |
|
|
|
0.000 |
|
|
12/15/2033 |
|
8,613,933 |
|
|
|
25,400,000 |
|
|
|
0.000 |
|
|
12/15/2034 |
|
19,099,276 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 C (NATL-RE) (BBB/Baa1)(c) |
|
|
|
5,000,000 |
|
|
|
0.000 |
|
|
12/15/2027 |
|
4,477,500 |
|
|
|
23,445,000 |
|
|
|
0.000 |
|
|
12/15/2030 |
|
19,213,412 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2008 A (BBB/Baa1)(c) |
|
|
|
52,985,000 |
|
|
|
0.000 |
|
|
12/15/2036 |
|
34,035,974 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2009 A (BBB/Baa1)(c) |
|
|
|
2,625,000 |
|
|
|
0.000 |
|
|
12/15/2033 |
|
1,878,056 |
|
|
|
1,565,000 |
|
|
|
0.000 |
|
|
12/15/2036 |
|
1,005,309 |
|
|
|
36,240,000 |
|
|
|
0.000 |
|
|
12/15/2038 |
|
21,587,081 |
|
|
|
16,135,000 |
|
|
|
0.000 |
|
|
12/15/2039 |
|
9,256,972 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2019 A (BBB/Baa1) |
|
|
|
1,610,000 |
|
|
|
4.000 |
|
|
12/15/2039 |
|
1,811,137 |
|
|
|
1,880,000 |
|
|
|
5.000 |
|
|
12/15/2039 |
|
2,288,712 |
| New Jersey Transportation Trust Fund Authority RB Refunding for Federal Highway
Reimbursement Notes Series 2018 A (A+/Baa1) |
|
|
|
5,765,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
6,723,720 |
|
|
|
4,600,000 |
|
|
|
5.000 |
|
|
06/15/2031 |
|
5,338,346 |
| New Jersey Transportation Trust Fund Authority RB Refunding for Transportation
System Bonds Series 2018 A (BBB/Baa1) |
|
|
|
6,120,000 |
|
|
|
4.000 |
|
|
12/15/2031 |
|
7,025,454 |
|
|
|
7,180,000 |
|
|
|
5.000 |
|
|
12/15/2033 |
|
8,776,832 |
|
|
|
6,070,000 |
|
|
|
5.000 |
|
|
12/15/2035 |
|
7,383,427 |
|
|
|
7,585,000 |
|
|
|
5.000 |
|
|
12/15/2036 |
|
9,179,139 |
|
|
|
5,275,000 |
|
|
|
4.250 |
|
|
12/15/2038 |
|
6,017,298 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey Transportation Trust Fund Authority RB Series 2020 AA
(BBB/Baa1) |
| $ |
|
|
4,475,000 |
|
|
|
3.000 |
% |
|
06/15/2050 |
|
$ 4,474,955 |
| New Jersey Transportation Trust Fund Authority Transportation Program RB Series
2019 AA (BBB/Baa1) |
|
|
|
5,675,000 |
|
|
|
5.000 |
|
|
06/15/2034 |
|
6,932,013 |
|
|
|
20,000,000 |
|
|
|
5.250 |
|
|
06/15/2043 |
|
24,108,400 |
| New Jersey Transportation Trust Fund Authority Transportation Program RB Series
2019 BB (BBB/Baa1) |
|
|
|
8,010,000 |
|
|
|
4.000 |
|
|
06/15/2044 |
|
8,865,067 |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
06/15/2044 |
|
7,108,140 |
| South Jersey Port Corp. Subordinated Marine Terminal RB Series 2017 B (AMT)
(NR/Baa1) |
|
|
|
25,675,000 |
|
|
|
5.000 |
|
|
01/01/2048 |
|
28,858,443 |
| Tobacco Settlement Financing Corp. RB Refunding Series 2018 A
(BBB+/NR) |
|
|
|
2,650,000 |
|
|
|
5.000 |
|
|
06/01/2046 |
|
3,180,503 |
|
|
|
2,750,000 |
|
|
|
5.250 |
|
|
06/01/2046 |
|
3,350,188 |
| Tobacco Settlement Financing Corp. RB Series 2018 B (BB+/NR) |
|
|
|
29,360,000 |
|
|
|
5.000 |
|
|
06/01/2046 |
|
34,271,928 |
| Union County Improvement Authority RB Aries Linden LLC Project Series 2019 (AMT)
(NR/NR)(a) |
|
|
|
8,045,000 |
|
|
|
6.750 |
|
|
12/01/2041 |
|
8,237,919 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
681,356,360 |
| |
| New Mexico – 0.0% |
| City of Santa Fe RB for El Castillo Retirement Residences Obligated Group Project
Series 2019 A (BB+/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
05/15/2044 |
|
538,545 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/15/2049 |
|
1,072,630 |
| Village of Los Ranchos de Albuquerque RB Refunding for Albuquerque Academy Series
2020 (A-/NR) |
|
|
|
450,000 |
|
|
|
4.000 |
|
|
09/01/2033 |
|
531,756 |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
09/01/2034 |
|
442,024 |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
09/01/2035 |
|
352,557 |
|
|
|
1,125,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
1,302,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,239,902 |
| |
| New York – 5.9% |
| Brooklyn Arena Local Development Corp. Pilot RB Refunding for Barclays Center
Series 2016 A (AGM) (AA/A2) |
|
|
|
1,240,000 |
|
|
|
3.000 |
|
|
07/15/2043 |
|
1,280,523 |
| Brooklyn Arena Local Development Corp. RB Refunding for Brooklyn Events Center LLC
2016 A (NR/Ba1) |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
07/15/2025 |
|
3,152,902 |
|
|
|
2,575,000 |
|
|
|
5.000 |
|
|
07/15/2026 |
|
3,015,582 |
|
|
|
2,125,000 |
|
|
|
5.000 |
|
|
07/15/2028 |
|
2,494,538 |
|
|
|
3,105,000 |
|
|
|
5.000 |
|
|
07/15/2042 |
|
3,501,633 |
| Broome County Local Development Corp. RB Refunding for United Health Services
Hospitals Obligated Group Series 2020 (AGM) (AA/NR) |
|
|
|
2,820,000 |
|
|
|
4.000 |
|
|
04/01/2050 |
|
3,224,416 |
| Dutchess County Local Development Corp. RB Refunding for Bard College Project
Series 2020 A (BB+/NR)(a) |
|
|
|
4,290,000 |
|
|
|
5.000 |
|
|
07/01/2045 |
|
4,725,607 |
|
|
|
5,175,000 |
|
|
|
5.000 |
|
|
07/01/2051 |
|
5,657,206 |
| Hempstead Town Local Development Corp. RB Refunding for Molloy College Project
Series 2017 (BBB/NR) |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
761,177 |
|
|
|
865,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
1,007,872 |
|
|
|
815,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
947,022 |
|
|
|
640,000 |
|
|
|
5.000 |
|
|
07/01/2036 |
|
743,021 |
|
|
|
455,000 |
|
|
|
5.000 |
|
|
07/01/2038 |
|
525,352 |
| Metropolitan Transportation Authority RB 2013 B (BBB+/A3) |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
11/15/2038 |
|
847,536 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| Metropolitan Transportation Authority RB Anticipation Notes
Series 2020 A-1 (SP-2/MIG2) |
| $ |
|
|
4,750,000 |
|
|
|
5.000 |
% |
|
02/01/2023 |
|
$ 5,032,815 |
| Metropolitan Transportation Authority RB Anticipation Notes
Series 2020A-2S (SP-2/MIG2) |
|
|
|
4,470,000 |
|
|
|
4.000 |
|
|
02/01/2022 |
|
4,560,383 |
| Metropolitan Transportation Authority RB Green Bond Series 2016 A-1 (BBB+/A3) |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
11/15/2027 |
|
739,357 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
1,006,342 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 C-1 (BBB+/A3) |
|
|
|
7,810,000 |
|
|
|
4.750 |
|
|
11/15/2045 |
|
9,153,789 |
|
|
|
5,835,000 |
|
|
|
5.000 |
|
|
11/15/2050 |
|
6,949,018 |
|
|
|
22,155,000 |
|
|
|
5.250 |
|
|
11/15/2055 |
|
26,984,125 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 D-1 (BBB+/A3) |
|
|
|
23,425,000 |
|
|
|
5.000 |
|
|
11/15/2044 |
|
28,491,593 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 D-3 (BBB+/A3) |
|
|
|
46,815,000 |
|
|
|
4.000 |
|
|
11/15/2050 |
|
51,667,843 |
| Metropolitan Transportation Authority RB Refunding for Climate Bond Certified
Series 2020 E (BBB+/A3) |
|
|
|
4,705,000 |
|
|
|
5.000 |
|
|
11/15/2033 |
|
5,782,680 |
|
|
|
9,415,000 |
|
|
|
4.000 |
|
|
11/15/2045 |
|
10,433,797 |
| Metropolitan Transportation Authority RB Refunding Green Bond
Series 2017 B
(BBB+/A3) |
|
|
|
1,655,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
1,880,759 |
| Metropolitan Transportation Authority RB Refunding Green Bond
Series 2017 C-1 (BBB+/A3) |
|
|
|
2,555,000 |
|
|
|
4.000 |
|
|
11/15/2032 |
|
2,789,600 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
11/15/2035 |
|
1,035,234 |
| Metropolitan Transportation Authority RB Refunding Green Bond
Series 2017 C-2 (BBB+/A3)(c) |
|
|
|
300,000 |
|
|
|
0.000 |
|
|
11/15/2040 |
|
148,923 |
| Metropolitan Transportation Authority RB Refunding Series 2016 B
(BBB+/A3) |
|
|
|
545,000 |
|
|
|
5.000 |
|
|
11/15/2027 |
|
631,720 |
| Metropolitan Transportation Authority RB Refunding Series 2016 D
(BBB+/A3) |
|
|
|
740,000 |
|
|
|
5.000 |
|
|
11/15/2029 |
|
853,338 |
| Metropolitan Transportation Authority RB Refunding Subseries 2015 C-1 (BBB+/A3) |
|
|
|
3,635,000 |
|
|
|
5.000 |
|
|
11/15/2029 |
|
4,101,698 |
|
|
|
1,850,000 |
|
|
|
5.250 |
|
|
11/15/2031 |
|
2,107,816 |
| Metropolitan Transportation Authority RB Series 2013 A (BBB+/A3) |
|
|
|
4,320,000 |
|
|
|
5.000 |
|
|
11/15/2043 |
|
4,575,787 |
| Metropolitan Transportation Authority RB Series 2013 E (BBB+/A3) |
|
|
|
2,120,000 |
|
|
|
5.000 |
|
|
11/15/2038 |
|
2,271,750 |
| Metropolitan Transportation Authority RB Series 2014
A-1 (BBB+/A3) |
|
|
|
505,000 |
|
|
|
5.250 |
|
|
11/15/2039 |
|
546,446 |
|
|
|
1,895,000 |
|
|
|
5.000 |
|
|
11/15/2044 |
|
2,029,052 |
| Metropolitan Transportation Authority RB Series 2016
C-1 (BBB+/A3) |
|
|
|
595,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
687,903 |
|
|
|
7,120,000 |
|
|
|
5.000 |
|
|
11/15/2034 |
|
8,107,544 |
| Metropolitan Transportation Authority RB Subseries 2014 D-1 (BBB+/A3) |
|
|
|
2,115,000 |
|
|
|
5.000 |
|
|
11/15/2039 |
|
2,313,176 |
| Metropolitan Transportation Authority RB Subseries 2015 A-1 (BBB+/A3) |
|
|
|
490,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
550,206 |
| New York City GO Bonds Series 2018 E-1
(AA/Aa2) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
03/01/2044 |
|
6,127,900 |
| New York City Housing Development Corp. Multi-Family Mortgage RB for 8 Spruce
Street Series 2014 F (NR/NR) |
|
|
|
2,000,000 |
|
|
|
4.500 |
|
|
02/15/2048 |
|
2,083,720 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York City Industrial Development Agency PILOT RB for Queens Baseball Stadium
Project Series 2009 (ASSURED GTY) (AA/A3) |
| $ |
|
|
930,000 |
|
|
|
6.125 |
% |
|
01/01/2029 |
|
$ 934,008 |
|
|
|
3,000,000 |
|
|
|
6.375 |
|
|
01/01/2039 |
|
3,012,720 |
|
|
|
5,000,000 |
|
|
|
6.500 |
|
|
01/01/2046 |
|
5,021,850 |
| New York City Industrial Development Agency RB Refunding for Yankee Stadium LLC
Series 2020 A (AGM) (AA/A2) |
|
|
|
1,875,000 |
|
|
|
3.000 |
|
|
03/01/2049 |
|
1,969,856 |
| New York City Industrial Development Agency RB Refunding for Yankee Stadium LLC
Series 2020 A (BBB+/Baa1) |
|
|
|
1,975,000 |
|
|
|
3.000 |
|
|
03/01/2049 |
|
2,061,031 |
| New York City Resource Corp. RB Refunding for YMCA of Greater New York Project
Series 2015 (BBB/Baa2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
1,110,700 |
| New York City Transitional Finance Authority Future Tax Secured RB Subseries 2013 C-4 (AAA/Aa1)(f)(g) |
|
|
|
15,575,000 |
|
|
|
0.100 |
|
|
01/01/2021 |
|
15,575,000 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2019 C-4 (AAA/Aa1)(f)(g) |
|
|
|
10,000,000 |
|
|
|
0.080 |
|
|
01/02/2021 |
|
10,000,000 |
| New York City Water & Sewer System RB Series 2020 GG-1 (AA+/Aa1) |
|
|
|
10,000,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
11,879,700 |
| New York Counties Tobacco Trust IV RB Series 2005 F (NR/NR)(c) |
|
|
|
152,105,000 |
|
|
|
0.000 |
|
|
06/01/2060 |
|
6,289,542 |
| New York Liberty Development Corp. RB Refunding for 3 World Trade Center LLC Series
2014 (NR/NR)(a) |
|
|
|
13,200,000 |
|
|
|
5.000 |
|
|
11/15/2044 |
|
14,215,212 |
| New York Liberty Development Corp. Second Priority RB Refunding for Bank of America
Tower at One Bryant Park LLC Series 2019 C-2 (NR/A2)(g) |
|
|
|
1,250,000 |
|
|
|
2.625 |
|
|
09/15/2069 |
|
1,295,363 |
| New York Liberty Development Corp. Second Priority RB Refunding for Bank of America
Tower at One Bryant Park LLC Series 2019 C-3 (NR/Baa2)(g) |
|
|
|
1,430,000 |
|
|
|
2.800 |
|
|
09/15/2069 |
|
1,395,923 |
| New York State Dormitory Authority RB Refunding for Brooklyn Law School Series 2019
B (NR/Baa1) |
|
|
|
150,000 |
|
|
|
3.560 |
|
|
07/01/2026 |
|
154,068 |
|
|
|
150,000 |
|
|
|
3.670 |
|
|
07/01/2027 |
|
154,483 |
|
|
|
60,000 |
|
|
|
3.760 |
|
|
07/01/2028 |
|
61,714 |
|
|
|
300,000 |
|
|
|
3.820 |
|
|
07/01/2029 |
|
309,513 |
| New York State Dormitory Authority RB Refunding for Brooklyn St. Joseph’s
College Series 2020 A (BBB-/NR) |
|
|
|
615,000 |
|
|
|
4.000 |
|
|
07/01/2031 |
|
685,344 |
|
|
|
870,000 |
|
|
|
4.000 |
|
|
07/01/2032 |
|
963,351 |
|
|
|
925,000 |
|
|
|
4.000 |
|
|
07/01/2033 |
|
1,018,554 |
|
|
|
845,000 |
|
|
|
4.000 |
|
|
07/01/2035 |
|
924,557 |
| New York State Dormitory Authority RB Refunding for Montefiore Obligated Group
Series 2020 A (AGM) (AA/A2) |
|
|
|
6,645,000 |
|
|
|
3.000 |
|
|
09/01/2050 |
|
6,877,641 |
| New York State Dormitory Authority RB Refunding for Montefiore Obligated Group
Series 2020 A (BBB/Baa3) |
|
|
|
6,485,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
7,102,502 |
|
|
|
6,170,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
6,707,839 |
| New York State Environmental Facilities Corp. RB for Casella Waste Systems, Inc.
Series 2014 (AMT) (B/B2)(a)(f)(g) |
|
|
|
1,685,000 |
|
|
|
2.875 |
|
|
12/03/2029 |
|
1,729,737 |
| New York State Environmental Facilities Corp. RB for Casella Waste Systems, Inc.
Series 2020 R-1 (AMT) (B/B2)(f)(g) |
|
|
|
2,905,000 |
|
|
|
2.750 |
|
|
09/02/2025 |
|
3,004,061 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York Transportation Development Corp. RB for Delta Air Lines, Inc. Series 2018
(AMT) (BB+/Baa3) |
| $ |
|
|
1,245,000 |
|
|
|
5.000 |
% |
|
01/01/2029 |
|
$ 1,502,292 |
|
|
|
7,050,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
8,454,783 |
|
|
|
5,250,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
6,184,132 |
|
|
|
5,565,000 |
|
|
|
4.000 |
|
|
01/01/2036 |
|
6,088,388 |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
01/01/2036 |
|
11,694,400 |
| New York Transportation Development Corp. RB for Delta Air Lines, Inc. Series 2020
(AMT) (BB+/Baa3) |
|
|
|
9,320,000 |
|
|
|
4.000 |
|
|
10/01/2030 |
|
10,659,470 |
|
|
|
7,580,000 |
|
|
|
5.000 |
|
|
10/01/2035 |
|
9,326,584 |
|
|
|
7,750,000 |
|
|
|
5.000 |
|
|
10/01/2040 |
|
9,475,305 |
|
|
|
20,005,000 |
|
|
|
4.375 |
|
|
10/01/2045 |
|
22,967,741 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 A (AMT) (BBB/Baa1) |
|
|
|
1,080,000 |
|
|
|
5.000 |
|
|
12/01/2030 |
|
1,387,822 |
|
|
|
845,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
1,069,888 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
943,800 |
|
|
|
660,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
827,640 |
|
|
|
660,000 |
|
|
|
4.000 |
|
|
12/01/2039 |
|
765,633 |
|
|
|
845,000 |
|
|
|
4.000 |
|
|
12/01/2042 |
|
970,398 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 C (BBB/Baa1) |
|
|
|
1,600,000 |
|
|
|
4.000 |
|
|
12/01/2039 |
|
1,892,000 |
|
|
|
1,975,000 |
|
|
|
4.000 |
|
|
12/01/2040 |
|
2,330,460 |
|
|
|
1,740,000 |
|
|
|
4.000 |
|
|
12/01/2041 |
|
2,033,312 |
|
|
|
1,695,000 |
|
|
|
4.000 |
|
|
12/01/2042 |
|
1,994,117 |
| New York Transportation Development Corp. Special Facility RB for Laguardia Airport
Terminal B Redevelopment Project Series 2016 A (AMT) (AGM) (AA/A2) |
|
|
|
5,010,000 |
|
|
|
4.000 |
|
|
07/01/2035 |
|
5,348,075 |
| New York Transportation Development Corp. Special Facility RB for Laguardia Airport
Terminal B Redevelopment Project Series 2016 A (AMT) (BBB/Baa3) |
|
|
|
9,480,000 |
|
|
|
4.000 |
|
|
07/01/2033 |
|
10,050,032 |
|
|
|
5,025,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
5,556,394 |
|
|
|
2,500,000 |
|
|
|
4.000 |
|
|
07/01/2041 |
|
2,625,750 |
|
|
|
4,540,000 |
|
|
|
5.000 |
|
|
07/01/2041 |
|
4,978,155 |
|
|
|
10,000,000 |
|
|
|
4.000 |
|
|
07/01/2046 |
|
10,442,900 |
|
|
|
21,200,000 |
|
|
|
5.250 |
|
|
01/01/2050 |
|
23,318,516 |
| New York Transportation Development Corp. Special Facility RB Refunding for
American Airlines, Inc. John F. Kennedy International Airport Project Series 2016 (AMT) (B-/NR) |
|
|
|
5,600,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
5,691,168 |
| New York Transportation Development Corp. Special Facility RB Refunding for
American Airlines, Inc. John F. Kennedy International Airport Project Series 2020 (AMT) (B-/NR) |
|
|
|
6,850,000 |
|
|
|
5.250 |
|
|
08/01/2031 |
|
7,734,472 |
|
|
|
5,990,000 |
|
|
|
5.375 |
|
|
08/01/2036 |
|
6,797,572 |
| New York Transportation Development Corp. Special Facility RB Refunding for
Laguardia Airport Terminal B Redevelopment Project Series 2016 A (AMT) (BBB/Baa3) |
|
|
|
12,250,000 |
|
|
|
5.000 |
|
|
07/01/2046 |
|
13,394,885 |
| Newburgh New York GO Serial Bonds Series 2012 A (NR/Baa2) |
|
|
|
1,565,000 |
|
|
|
5.750 |
|
|
06/15/2035 |
|
1,689,496 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| Oneida County Local Development Corp. RB Refunding for Mohawk Valley Health System
Obligated Group Project Series 2019 A (AGM) (AA/NR) |
| $ |
|
|
490,000 |
|
|
|
4.000 |
% |
|
12/01/2032 |
|
$ 584,242 |
|
|
|
590,000 |
|
|
|
4.000 |
|
|
12/01/2033 |
|
699,474 |
|
|
|
490,000 |
|
|
|
4.000 |
|
|
12/01/2034 |
|
579,915 |
|
|
|
505,000 |
|
|
|
4.000 |
|
|
12/01/2035 |
|
595,708 |
|
|
|
610,000 |
|
|
|
4.000 |
|
|
12/01/2036 |
|
717,030 |
|
|
|
740,000 |
|
|
|
4.000 |
|
|
12/01/2037 |
|
867,384 |
|
|
|
490,000 |
|
|
|
4.000 |
|
|
12/01/2038 |
|
572,771 |
|
|
|
1,470,000 |
|
|
|
3.000 |
|
|
12/01/2039 |
|
1,581,470 |
|
|
|
980,000 |
|
|
|
3.000 |
|
|
12/01/2040 |
|
1,051,364 |
|
|
|
1,960,000 |
|
|
|
4.000 |
|
|
12/01/2049 |
|
2,234,733 |
| Oneida County Local Development Corp. RB Refunding for Utica College Project Series
2019 (BBB-/NR) |
|
|
|
405,000 |
|
|
|
4.000 |
|
|
07/01/2039 |
|
419,082 |
|
|
|
4,835,000 |
|
|
|
3.000 |
|
|
07/01/2044 |
|
4,258,861 |
| Port Authority of New York & New Jersey Consolidated RB Series 221 (AMT)
(A+/Aa3) |
|
|
|
4,735,000 |
|
|
|
4.000 |
|
|
07/15/2055 |
|
5,437,627 |
|
|
|
5,685,000 |
|
|
|
4.000 |
|
|
07/15/2060 |
|
6,526,209 |
| Troy City Capital Resource Corp. RB Refunding Rensselaer Polytechnic Institute
Project Series 2020 A (BBB+/A3) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
867,748 |
|
|
|
955,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
1,181,115 |
|
|
|
945,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
1,064,184 |
| Westchester County Local Development Corporation RB for Westchester Medical Center
Obligated Group Project Series 2016 (BBB-/Baa2) |
|
|
|
4,375,000 |
|
|
|
5.000 |
|
|
11/01/2046 |
|
4,852,488 |
| Yonkers Economic Development Corp. RB for Charter School of Educational Excellence
Project Series 2019 A (NR/NR) |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
10/15/2039 |
|
539,182 |
|
|
|
610,000 |
|
|
|
5.000 |
|
|
10/15/2049 |
|
678,607 |
|
|
|
530,000 |
|
|
|
5.000 |
|
|
10/15/2054 |
|
587,494 |
| Yonkers Economic Development Corp. RB Refunding for Charter School of Educational
Excellence Series 2020 A (BB/NR) |
|
|
|
725,000 |
|
|
|
5.000 |
|
|
10/15/2040 |
|
829,857 |
|
|
|
1,325,000 |
|
|
|
5.000 |
|
|
10/15/2050 |
|
1,487,140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
566,392,235 |
| |
| North Carolina – 0.7% |
| North Carolina Department of Transportation RB for
I-77 Mobility Partners LLC Series 2015 (AMT) (BBB-/NR) |
|
|
|
1,370,000 |
|
|
|
5.000 |
|
|
12/31/2037 |
|
1,488,793 |
| North Carolina Medical Care Commission Health Care Facilities RB Refunding First
Mortgage for Lutheran Services for the Aging
Series 2012 A (NR/NR) |
|
|
|
3,800,000 |
|
|
|
4.750 |
|
|
03/01/2032 |
|
3,852,744 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
03/01/2037 |
|
1,014,520 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
03/01/2042 |
|
1,012,370 |
| North Carolina Medical Care Commission RB for Maryfield, Inc. Obligated Group
Series 2020 A (NR/NR) |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
10/01/2045 |
|
1,051,317 |
|
|
|
1,310,000 |
|
|
|
5.000 |
|
|
10/01/2050 |
|
1,441,380 |
| North Carolina Medical Care Commission RB for Rex Hospital, Inc. Obligated Group
Series 2020 A (AA-/A2) |
|
|
|
6,325,000 |
|
|
|
3.000 |
|
|
07/01/2045 |
|
6,689,510 |
| North Carolina Medical Care Commission RB Refunding for The Presbyterian Home at
Charlotte, Inc. Series 2019 A (NR/NR) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
07/01/2039 |
|
1,511,820 |
|
|
|
1,650,000 |
|
|
|
5.000 |
|
|
07/01/2039 |
|
1,805,678 |
|
|
|
1,035,000 |
|
|
|
4.000 |
|
|
07/01/2044 |
|
1,034,969 |
|
|
|
1,160,000 |
|
|
|
5.000 |
|
|
07/01/2044 |
|
1,262,741 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
2,165,640 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| North Carolina – (continued) |
| North Carolina Medical Care Commission Retirement Facilities RB Refunding First
Mortgage for United Church Homes and Services Series 2015 A (NR/NR) |
| $ |
|
|
1,000,000 |
|
|
|
4.500 |
% |
|
09/01/2030 |
|
$ 1,008,200 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
09/01/2037 |
|
2,049,500 |
| North Carolina Turnpike Authority RB Senior Lien for Triangle Expressway Series
2019 (AGM) (AA/NR) |
|
|
|
8,500,000 |
|
|
|
5.000 |
|
|
01/01/2049 |
|
10,575,530 |
|
|
|
4,250,000 |
|
|
|
4.000 |
|
|
01/01/2055 |
|
4,854,222 |
| North Carolina Turnpike Authority RB Senior Lien for Triangle Expressway Series
2019 (BBB/NR) |
|
|
|
16,000,000 |
|
|
|
5.000 |
|
|
01/01/2049 |
|
19,582,720 |
|
|
|
5,450,000 |
|
|
|
4.000 |
|
|
01/01/2055 |
|
6,116,317 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
68,517,971 |
| |
| Ohio – 3.0% |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (A-/NR) |
|
|
|
770,000 |
|
|
|
4.000 |
|
|
06/01/2037 |
|
935,804 |
|
|
|
1,025,000 |
|
|
|
4.000 |
|
|
06/01/2038 |
|
1,240,076 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
06/01/2039 |
|
1,205,910 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (BBB+/NR) |
|
|
|
12,530,000 |
|
|
|
3.000 |
|
|
06/01/2048 |
|
12,935,095 |
|
|
|
4,185,000 |
|
|
|
4.000 |
|
|
06/01/2048 |
|
4,764,581 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (NR/NR) |
|
|
|
55,250,000 |
|
|
|
5.000 |
|
|
06/01/2055 |
|
62,503,773 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 B-3 Class 2 (NR/NR)(c) |
|
|
|
81,590,000 |
|
|
|
0.000 |
|
|
06/01/2057 |
|
12,421,262 |
| Centerville Ohio Health Care RB Refunding and Improvement for Graceworks Lutheran
Services Series 2017 (NR/NR) |
|
|
|
2,400,000 |
|
|
|
5.250 |
|
|
11/01/2037 |
|
2,555,328 |
|
|
|
2,700,000 |
|
|
|
5.250 |
|
|
11/01/2047 |
|
2,825,712 |
|
|
|
2,320,000 |
|
|
|
5.250 |
|
|
11/01/2050 |
|
2,423,866 |
| Cleveland Airport Special RB for Continental Airlines, Inc. Project Series 1998
(B/Ba3) |
|
|
|
22,490,000 |
|
|
|
5.375 |
|
|
09/15/2027 |
|
22,537,229 |
| County of Darke RB for Wayne Hospital Company Obligated Group Wayne Health Care
Project Series 2019 A (BB+/NR) |
|
|
|
550,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
580,465 |
|
|
|
825,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
858,503 |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
1,161,193 |
| County of Franklin RB Refunding for Wesley Communities Obligated Group Series 2020
(NR/NR) |
|
|
|
8,280,000 |
|
|
|
5.250 |
|
|
11/15/2055 |
|
9,116,197 |
| Cuyahoga County Ohio Hospital RB Refunding for Metrohealth System Series 2009 B (BBB-/Baa3) |
|
|
|
29,500,000 |
|
|
|
8.223 |
|
|
02/15/2040 |
|
39,768,065 |
| Cuyahoga County Ohio Hospital RB Refunding for Metrohealth System Series 2017 (BBB-/Baa3) |
|
|
|
6,250,000 |
|
|
|
5.000 |
|
|
02/15/2037 |
|
7,287,437 |
|
|
|
7,500,000 |
|
|
|
5.000 |
|
|
02/15/2042 |
|
8,636,925 |
|
|
|
7,500,000 |
|
|
|
4.750 |
|
|
02/15/2047 |
|
8,435,850 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
02/15/2057 |
|
1,701,750 |
|
|
|
1,000,000 |
|
|
|
5.500 |
|
|
02/15/2057 |
|
1,181,150 |
| Franklin County Convention Facilities Authority RB for Greater Columbus Convention
Center Project Series 2019 (BBB-/NR) |
|
|
|
7,500,000 |
|
|
|
5.000 |
|
|
12/01/2051 |
|
7,826,175 |
| Hamilton County Health Care RB Refunding for Life Enriching Community Project
Series 2012 (BBB-/NR) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
01/01/2042 |
|
2,075,480 |
|
|
|
1,610,000 |
|
|
|
5.000 |
|
|
01/01/2046 |
|
1,667,606 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Ohio – (continued) |
| Muskingum County Hospital Facilities RB Refunding for Genesis Healthcare System
Project Series 2013 (BB+/Ba2) |
| $ |
|
|
8,000,000 |
|
|
|
5.000 |
% |
|
02/15/2048 |
|
$ 8,304,640 |
| Ohio Air Quality Development Authority Exempt Facilities RB for Pratt Paper LLC
Project Series 2017 (AMT) (NR/NR)(a) |
|
|
|
2,275,000 |
|
|
|
3.750 |
|
|
01/15/2028 |
|
2,508,824 |
|
|
|
2,880,000 |
|
|
|
4.250 |
|
|
01/15/2038 |
|
3,195,130 |
|
|
|
18,110,000 |
|
|
|
4.500 |
|
|
01/15/2048 |
|
20,134,879 |
| Ohio Air Quality Development Authority RB Refunding for Ohio Valley Electric Corp.
Series 2019 A (BBB-/Ba1) |
|
|
|
4,140,000 |
|
|
|
3.250 |
|
|
09/01/2029 |
|
4,504,858 |
| Ohio Higher Educational Facility Commission RB Refunding for Judson Obligated Group
Series 2020 A (BBB-/NR) |
|
|
|
4,790,000 |
|
|
|
5.000 |
|
|
12/01/2050 |
|
5,279,921 |
| Ohio State Hospital RB Refunding for Aultman Health Foundation Obligated Group
Series 2018 (NR/NR)(a) |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
1,189,284 |
|
|
|
2,085,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
2,272,754 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
12/01/2048 |
|
5,348,150 |
| Ohio State RB Refunding for University Hospitals Health System, Inc. Obligated
Group Series 2020 A (A/A2) |
|
|
|
6,650,000 |
|
|
|
3.000 |
|
|
01/15/2045 |
|
6,982,433 |
| Southern Ohio Port Authority RB for PureCycle Ohio LLC Series 2020 A (AMT) (NR/NR)(a) |
|
|
|
10,000,000 |
|
|
|
7.000 |
|
|
12/01/2042 |
|
10,569,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
286,935,905 |
| |
| Oklahoma – 0.8% |
| Norman Regional Hospital Authority RB Norman Regional Hospital Authority Obligated
Group Series 2019 (A-/Baa1) |
|
|
|
1,075,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
1,186,327 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2045 |
|
1,197,530 |
| Oklahoma Development Finance Authority Health System RB for OU Medicine Project
Series 2018 B (AGM) (AA/A2) |
|
|
|
2,400,000 |
|
|
|
4.000 |
|
|
08/15/2052 |
|
2,688,528 |
|
|
|
2,500,000 |
|
|
|
4.125 |
|
|
08/15/2057 |
|
2,816,000 |
| Oklahoma Development Finance Authority Health System RB for OU Medicine Project
Series 2018 B (BB+/Baa3) |
|
|
|
15,000,000 |
|
|
|
5.500 |
|
|
08/15/2052 |
|
17,996,250 |
|
|
|
9,500,000 |
|
|
|
5.500 |
|
|
08/15/2057 |
|
11,337,015 |
| Tulsa Municipal Airport Trust RB Refunding for American Airlines, Inc. Series 2001
A (AMT) (NR/NR) |
|
|
|
2,680,000 |
|
|
|
5.500 |
|
|
12/01/2035 |
|
2,807,943 |
| Tulsa Municipal Airport Trust RB Refunding for American Airlines, Inc. Series 2001
B (AMT) (NR/NR) |
|
|
|
24,300,000 |
|
|
|
5.500 |
|
|
12/01/2035 |
|
25,460,082 |
| Tulsa Municipal Airport Trust RB Refunding for American Airlines, Inc. Series 2015
(AMT) (B-/NR)(f)(g) |
|
|
|
9,070,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
9,681,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75,171,447 |
| |
| Oregon – 0.2% |
| Clackamas County Hospital Facility Authority RB Refunding for Rose Villa, Inc.
Obligated Group Series 2020 A (NR/NR) |
|
|
|
130,000 |
|
|
|
5.250 |
|
|
11/15/2050 |
|
139,268 |
|
|
|
225,000 |
|
|
|
5.375 |
|
|
11/15/2055 |
|
241,753 |
| Medford Hospital Facilities Authority RB Refunding for Asante Health System
Obligated Group Series 2020 A (A+/NR) |
|
|
|
1,875,000 |
|
|
|
5.000 |
|
|
08/15/2045 |
|
2,398,294 |
|
|
|
3,850,000 |
|
|
|
4.000 |
|
|
08/15/2050 |
|
4,448,290 |
|
|
|
2,850,000 |
|
|
|
5.000 |
|
|
08/15/2050 |
|
3,629,218 |
| Medford Hospital Facilities Authority RB Refunding for Asante Health System
Obligated Group Series 2020 A (AGM) (AA/NR) |
|
|
|
5,000,000 |
|
|
|
4.000 |
|
|
08/15/2045 |
|
5,937,050 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Oregon – (continued) |
| Oregon State Facilities Authority RB Refunding for Samaritan Health Services, Inc.
Obligated Group Series 2020 A (BBB+/NR) |
| $ |
|
|
1,750,000 |
|
|
|
5.000 |
% |
|
10/01/2040 |
|
$ 2,204,843 |
| Warm Springs Reservation Confederated Tribe Hydroelectric RB Refunding for
Pelton-Round Butte Project Series 2019 B (NR/A3)(a) |
|
|
|
860,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
1,041,365 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,040,081 |
| |
| Pennsylvania – 3.3% |
| Allegheny County Higher Education Building Authority RB for Chatham University
Series 2012 A (BBB-/NR) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
1,539,975 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
1,021,450 |
| Allegheny County Hospital Development Authority RB Refunding for Allegheny Health
Network Obligated Group Series 2018 A (A/NR) |
|
|
|
32,000,000 |
|
|
|
4.000 |
|
|
04/01/2044 |
|
35,701,440 |
| Allegheny County Industrial Development Authority RB Refunding for United States
Steel Corp. Project Series 2019 (B-/Caa2) |
|
|
|
3,900,000 |
|
|
|
4.875 |
|
|
11/01/2024 |
|
3,921,996 |
|
|
|
2,500,000 |
|
|
|
5.125 |
|
|
05/01/2030 |
|
2,487,975 |
| Allentown Neighborhood Improvement Zone Development Authority Tax RB for City
Center Refunding Project Series 2017 (NR/Ba3)(a) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
05/01/2027 |
|
2,288,140 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
1,534,750 |
|
|
|
6,950,000 |
|
|
|
5.000 |
|
|
05/01/2042 |
|
7,503,637 |
| Allentown Neighborhood Improvement Zone Development Authority Tax RB for City
Center Refunding Project Series 2018 (NR/Ba3)(a) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
05/01/2028 |
|
286,352 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2033 |
|
1,107,680 |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
05/01/2042 |
|
3,008,720 |
| Allentown Neighborhood Improvement Zone Development Authority Tax RB Series 2012 A
(NR/Baa3) |
|
|
|
18,000,000 |
|
|
|
5.000 |
|
|
05/01/2042 |
|
18,621,000 |
| Berks County Industrial Development Authority RB Refunding for Tower Health
Obligated Group Series 2017 (BB+/WR) |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
11/01/2029 |
|
1,063,506 |
|
|
|
1,745,000 |
|
|
|
5.000 |
|
|
11/01/2030 |
|
1,945,780 |
|
|
|
1,425,000 |
|
|
|
5.000 |
|
|
11/01/2034 |
|
1,567,956 |
|
|
|
7,850,000 |
|
|
|
4.000 |
|
|
11/01/2047 |
|
7,903,223 |
|
|
|
8,745,000 |
|
|
|
5.000 |
|
|
11/01/2047 |
|
9,372,628 |
| Bucks County Industrial Development Authority RB Refunding for Pennswood Village
Obligated Group Series 2018 A (BBB+/NR) |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
10/01/2037 |
|
1,252,982 |
| Chester County IDA Student Housing RB for University Student Housing, LLC Project
West Chester University Series 2013 A (NR/Ba2) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/01/2035 |
|
492,520 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2045 |
|
978,670 |
| Clairton Municipal Authority Sewer RB Series 2012 B (BBB+/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2042 |
|
1,062,680 |
| Commonwealth Financing Authority Tobacco Master Settlement Payment RB Series 2018
(A/A1) |
|
|
|
1,900,000 |
|
|
|
5.000 |
|
|
06/01/2034 |
|
2,377,413 |
|
|
|
1,900,000 |
|
|
|
5.000 |
|
|
06/01/2035 |
|
2,372,777 |
| Commonwealth Financing Authority Tobacco Master Settlement Payment RB Series 2018
(AGM) (AA/A1) |
|
|
|
6,000,000 |
|
|
|
4.000 |
|
|
06/01/2039 |
|
6,915,600 |
| County of Allegheny GO Notes Refunding Series 2007
C-59B (AGM) (AA/Aa3)(d) |
| (3 Mo. LIBOR + 0.55%), |
|
|
|
|
|
645,000 |
|
|
|
0.694 |
|
|
11/01/2026 |
|
644,110 |
| Cumberland County Municipal Authority RB Refunding Series 2015
(BBB+/NR) |
|
|
|
1,355,000 |
|
|
|
5.000 |
|
|
01/01/2038 |
|
1,459,863 |
| Cumberland County Municipal Authority RB Refunding Series 2015 (NR/NR)(e) |
|
|
|
145,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
171,494 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Dauphin County General Authority RB for The Harrisburg University of
Science & Technology Series 2020 (BB/NR)(a) |
| $ |
|
|
5,100,000 |
|
|
|
5.875 |
% |
|
10/15/2040 |
|
$ 5,228,928 |
|
|
|
14,000,000 |
|
|
|
6.250 |
|
|
10/15/2053 |
|
14,397,180 |
| Doylestown Hospital Authority RB Series 2019 A
(BBB-/Ba1) |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
1,333,687 |
|
|
|
2,375,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
2,721,774 |
| Franklin County Industrial Development Authority RB Refunding for Menno-Haven, Inc.
Obligated Group Series 2018 (NR/NR) |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
12/01/2043 |
|
1,179,277 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
12/01/2048 |
|
956,061 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
12/01/2053 |
|
1,852,900 |
| Geisinger Authority Health System RB for Geisinger Health System
Series 2007 (AA-/A1)(d) |
| (3 Mo. LIBOR + 0.77%), |
|
|
|
|
|
52,950,000 |
|
|
|
0.914 |
|
|
05/01/2037 |
|
48,470,960 |
| General Authority of Southcentral Pennsylvania RB Refunding WellSpan Health
Obligation Group Series 2019 A (AA-/Aa3) |
|
|
|
1,300,000 |
|
|
|
4.000 |
|
|
06/01/2044 |
|
1,537,107 |
|
|
|
2,300,000 |
|
|
|
5.000 |
|
|
06/01/2044 |
|
2,928,153 |
|
|
|
5,700,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
6,633,375 |
|
|
|
4,225,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
5,314,881 |
| Lancaster County Hospital Authority Health Facilities RB for St. Anne’s
Retirement Community, Inc. Project Series 2012 (BB+/NR) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
04/01/2027 |
|
1,434,944 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
04/01/2033 |
|
1,525,500 |
| Lancaster County Hospital Authority RB Refunding for St. Anne’s Retirement
Community Obligated Group Series 2020 (BB+/NR) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
03/01/2045 |
|
797,423 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
03/01/2050 |
|
1,058,960 |
| Montgomery County Industrial Development Authority RB ACTS Retirement-Life
Communities, Inc. Obligated Group Series 2020 C (A-/NR) |
|
|
|
2,365,000 |
|
|
|
5.000 |
|
|
11/15/2045 |
|
2,807,681 |
| Northampton County Industrial Development Authority RB Refunding for Morningstar
Senior Living, Inc. Obligated Group Series 2019 (BB+/NR) |
|
|
|
1,900,000 |
|
|
|
5.000 |
|
|
11/01/2044 |
|
2,000,966 |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
11/01/2049 |
|
2,200,569 |
| Northeastern Pennsylvania Hospital & Education Authority RB for
King’s College Project Series 2019 (BBB+/NR) |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
05/01/2044 |
|
1,066,650 |
|
|
|
1,245,000 |
|
|
|
5.000 |
|
|
05/01/2049 |
|
1,400,127 |
| Pennsylvania Economic Development Financing Authority RB for CarbonLite P LLC
Project Series 2019 (AMT) (NR/NR)(a) |
|
|
|
5,725,000 |
|
|
|
5.750 |
|
|
06/01/2036 |
|
5,785,399 |
| Pennsylvania Economic Development Financing Authority Special Facilities RB for US
Airways Group, Inc. Project Series 2010 B (B-/Caa1) |
|
|
|
2,460,000 |
|
|
|
8.000 |
|
|
05/01/2029 |
|
2,470,209 |
| Pennsylvania Higher Educational Facilities Authority RB for Foundation for Indiana
University of Pennsylvania Series 2007 A (ASSURED GTY) (AA/WR)(d) |
| (3 Mo. LIBOR + 0.60%), |
|
|
|
|
|
9,705,000 |
|
|
|
0.751 |
|
|
07/01/2027 |
|
9,600,671 |
| (3 Mo. LIBOR + 0.65%), |
|
|
|
|
|
10,750,000 |
|
|
|
0.801 |
|
|
07/01/2039 |
|
9,511,815 |
| Pennsylvania Higher Educational Facilities Authority RB for La Salle University
Series 2012 (BB/NR) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
05/01/2042 |
|
4,071,520 |
| Pennsylvania Higher Educational Facilities Authority RB Refunding for Drexel
University Series 2020 A (AGM) (AA/A2) |
|
|
|
4,380,000 |
|
|
|
5.000 |
|
|
05/01/2046 |
|
5,526,552 |
|
|
|
3,145,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
3,604,925 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Pennsylvania Higher Educational Facilities Authority Student Housing RB Refunding
for University Properties, Inc. Student Housing Project Series 2016 A (NR/Baa3) |
| $ |
|
|
365,000 |
|
|
|
5.000 |
% |
|
07/01/2031 |
|
$ 369,362 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
401,516 |
| Pennsylvania Turnpike Commission RB Subordinate Series 2017 B-1 (A-/A3) |
|
|
|
3,875,000 |
|
|
|
5.250 |
|
|
06/01/2047 |
|
4,652,325 |
| Philadelphia Authority for Industrial Development RB for Independence Charter
School Series 2019 (NR/NR) |
|
|
|
2,225,000 |
|
|
|
5.000 |
|
|
06/15/2050 |
|
2,354,896 |
| Philadelphia Authority for Industrial Development RB for MaST Community Charter
School II Series 2020 A (BBB-/NR) |
|
|
|
310,000 |
|
|
|
5.000 |
|
|
08/01/2040 |
|
371,610 |
|
|
|
975,000 |
|
|
|
5.000 |
|
|
08/01/2050 |
|
1,141,793 |
| Philadelphia Authority for Industrial Development RB Refunding for Philadelphia
Performing Arts Charter School Series 2020 (BB+/NR)(a) |
|
|
|
2,860,000 |
|
|
|
5.000 |
|
|
06/15/2050 |
|
3,257,797 |
| Philadelphia Hospitals and Higher Education Facilities Authority RB for Temple
University Health System Obligated Group Series 2012 A (BBB-/Ba1) |
|
|
|
2,000,000 |
|
|
|
5.625 |
|
|
07/01/2042 |
|
2,116,800 |
| Philadelphia Hospitals and Higher Education Facilities Authority RB Refunding for
Temple University Health System Obligation Group Series 2017 (BBB-/Ba1) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
588,165 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
2,340,540 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
3,496,710 |
|
|
|
2,615,000 |
|
|
|
5.000 |
|
|
07/01/2031 |
|
3,037,192 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
1,159,170 |
|
|
|
4,425,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
5,118,309 |
| Scranton Redevelopment Authority RB Refunding for Guaranteed Lease Series 2016 A
(MUN GOVT GTD) (BB+/NR) |
|
|
|
530,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
534,192 |
|
|
|
2,450,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
2,481,581 |
| Susquehanna Area Regional Airport Authority RB Refunding for Airport System Series
2017 (AMT) (NR/Baa3) |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
01/01/2035 |
|
1,189,749 |
|
|
|
2,325,000 |
|
|
|
5.000 |
|
|
01/01/2038 |
|
2,478,148 |
| The Berks County Municipal Authority RB for Alvernia University Project Series 2020
(BB+/NR) |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
493,634 |
|
|
|
1,125,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
1,157,816 |
| The Berks County Municipal Authority RB for Tower Health Obligated Group Series
2012 A (BB+/WR) |
|
|
|
4,600,000 |
|
|
|
5.000 |
|
|
11/01/2044 |
|
4,686,802 |
| Washington County Redevelopment Authority RB Refunding for Victory Center Tax
Increment Financing Project Series 2018 (BB/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
1,058,100 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
1,048,630 |
| Westmoreland County Industrial Development Authority RB Refunding for Excela Health
Obligated Group Series 2020 A (NR/Baa1) |
|
|
|
1,320,000 |
|
|
|
4.000 |
|
|
07/01/2037 |
|
1,533,906 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
313,091,254 |
| |
| Puerto Rico – 7.3% |
| Commonwealth of Puerto Rico Public Improvement GO Unlimited Refunding Bonds Series
2011 E (D/Ca)* |
|
|
|
2,000,000 |
|
|
|
6.000 |
|
|
07/01/2029 |
|
1,525,000 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority RB Refunding for
Senior Lien Series 2020 A (NR/NR)(a) |
|
|
|
20,000,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
23,027,800 |
|
|
|
20,000,000 |
|
|
|
5.000 |
|
|
07/01/2047 |
|
22,501,200 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Puerto Rico – (continued) |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority RB Senior Lien Series
2012 A (CCC/Ca) |
| $ |
|
|
535,000 |
|
|
|
4.250 |
% |
|
07/01/2025 |
|
$ 554,394 |
|
|
|
115,000 |
|
|
|
4.500 |
|
|
07/01/2027 |
|
119,600 |
|
|
|
420,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
441,000 |
|
|
|
1,150,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
1,206,063 |
|
|
|
8,710,000 |
|
|
|
5.125 |
|
|
07/01/2037 |
|
9,145,500 |
|
|
|
24,605,000 |
|
|
|
5.250 |
|
|
07/01/2042 |
|
25,866,006 |
| Puerto Rico Commonwealth GO Bonds for Public Improvement
Series 2006 A
(NR/Ca)* |
|
|
|
115,000 |
|
|
|
5.250 |
|
|
07/01/2030 |
|
89,269 |
| Puerto Rico Commonwealth GO Bonds Series 2014 A (D/Ca)* |
|
|
|
81,230,000 |
|
|
|
8.000 |
|
|
07/01/2035 |
|
55,642,550 |
| Puerto Rico Commonwealth GO Refunding Bonds for Public Improvement Series 2012 A
(D/Ca)* |
|
|
|
5,185,000 |
|
|
|
5.500 |
|
|
07/01/2039 |
|
3,785,050 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding
Series 2005 L (AGC-ICC) (AA/A3) |
|
|
|
360,000 |
|
|
|
5.250 |
|
|
07/01/2041 |
|
433,710 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding
Series 2005 L (AMBAC) (NR/C) |
|
|
|
28,730,000 |
|
|
|
5.250 |
|
|
07/01/2038 |
|
31,362,530 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding
Series 2007 CC (AGM) (AA/A2) |
|
|
|
1,860,000 |
|
|
|
5.250 |
|
|
07/01/2033 |
|
2,217,641 |
|
|
|
680,000 |
|
|
|
5.250 |
|
|
07/01/2034 |
|
814,640 |
|
|
|
6,070,000 |
|
|
|
5.250 |
|
|
07/01/2036 |
|
7,283,029 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Series 2003
(NR/C)* |
|
|
|
215,000 |
|
|
|
5.000 |
|
|
07/01/2028 |
|
23,919 |
| Puerto Rico Commonwealth Infrastructure Financing Authority Special Tax RB Series
2005 C (AMBAC) (NR/C) |
|
|
|
1,585,000 |
|
|
|
5.500 |
|
|
07/01/2023 |
|
1,690,244 |
|
|
|
2,050,000 |
|
|
|
5.500 |
|
|
07/01/2027 |
|
2,272,650 |
| Puerto Rico Commonwealth Public Improvement GO Bonds Series 2007 A
(D/Ca)* |
|
|
|
4,000,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
3,105,000 |
|
|
|
4,035,000 |
|
|
|
5.250 |
|
|
07/01/2037 |
|
3,132,169 |
| Puerto Rico Commonwealth Public Improvement GO Refunding Bonds Series 2011 C
(D/Ca)* |
|
|
|
155,000 |
|
|
|
6.000 |
|
|
07/01/2035 |
|
110,050 |
|
|
|
205,000 |
|
|
|
6.500 |
|
|
07/01/2040 |
|
152,725 |
| Puerto Rico Electric Power Authority RB Refunding Series 2005 SS-RSA-1 (D/NR)* |
|
|
|
130,000 |
|
|
|
4.625 |
|
|
07/01/2030 |
|
104,650 |
| Puerto Rico Electric Power Authority RB Refunding Series 2007 UU (AGM) (AA/A2)(d) |
| (3 Mo. LIBOR + 0.52%), |
|
|
|
|
|
52,372,000 |
|
|
|
0.671 |
|
|
07/01/2029 |
|
47,440,129 |
| Puerto Rico Electric Power Authority RB Refunding Series 2007 VV (NATL-RE) (D/Baa2) |
|
|
|
1,250,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
1,334,350 |
|
|
|
435,000 |
|
|
|
5.250 |
|
|
07/01/2035 |
|
465,580 |
| Puerto Rico Electric Power Authority RB Refunding Series 2010 DDD-RSA-1 (D/NR)* |
|
|
|
155,000 |
|
|
|
3.625 |
|
|
07/01/2021 |
|
124,000 |
|
|
|
60,000 |
|
|
|
3.750 |
|
|
07/01/2022 |
|
48,000 |
|
|
|
390,000 |
|
|
|
3.875 |
|
|
07/01/2023 |
|
312,000 |
| Puerto Rico Electric Power Authority RB Refunding Series 2010 DDD-RSA-1 (NR/NR)* |
|
|
|
215,000 |
|
|
|
3.300 |
|
|
07/01/2019 |
|
167,431 |
|
|
|
80,000 |
|
|
|
3.500 |
|
|
07/01/2020 |
|
62,300 |
| Puerto Rico Electric Power Authority RB Refunding Series 2010 ZZ
(D/Ca)* |
|
|
|
1,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
776 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Puerto Rico – (continued) |
| Puerto Rico Electric Power Authority RB Refunding Series 2010 ZZ-RSA-1 (D/NR)* |
| $ |
|
|
80,000 |
|
|
|
4.375 |
% |
|
07/01/2021 |
|
$ 64,400 |
|
|
|
100,000 |
|
|
|
4.375 |
|
|
07/01/2022 |
|
80,500 |
|
|
|
65,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
52,487 |
|
|
|
190,000 |
|
|
|
4.500 |
|
|
07/01/2023 |
|
152,950 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
100,938 |
|
|
|
90,000 |
|
|
|
4.625 |
|
|
07/01/2025 |
|
72,450 |
| Puerto Rico Electric Power Authority RB Refunding Series 2010 ZZ-RSA-1 (NR/NR)* |
|
|
|
65,000 |
|
|
|
3.700 |
|
|
07/01/2017 |
|
50,619 |
|
|
|
1,230,000 |
|
|
|
5.000 |
|
|
07/01/2017 |
|
977,850 |
|
|
|
145,000 |
|
|
|
4.250 |
|
|
07/01/2018 |
|
113,644 |
|
|
|
3,130,000 |
|
|
|
5.000 |
|
|
07/01/2019 |
|
2,488,350 |
|
|
|
260,000 |
|
|
|
4.250 |
|
|
07/01/2020 |
|
203,775 |
|
|
|
25,000 |
|
|
|
5.250 |
|
|
07/01/2020 |
|
19,937 |
| Puerto Rico Electric Power Authority RB Series 2007
TT-RSA-1
(D/NR)* |
|
|
|
1,295,000 |
|
|
|
5.000 |
|
|
07/01/2032 |
|
1,045,712 |
|
|
|
1,385,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
1,118,388 |
| Puerto Rico Electric Power Authority RB Series 2007
TT-RSA-1 (NR/NR)* |
|
|
|
300,000 |
|
|
|
4.200 |
|
|
07/01/2019 |
|
235,125 |
| Puerto Rico Electric Power Authority RB Series 2008
WW-RSA-1 (D/NR)* |
|
|
|
3,765,000 |
|
|
|
5.250 |
|
|
07/01/2033 |
|
3,049,650 |
| Puerto Rico Electric Power Authority RB Series 2008
WW-RSA-1 (NR/NR)* |
|
|
|
2,000,000 |
|
|
|
5.500 |
|
|
07/01/2020 |
|
1,597,500 |
| Puerto Rico Electric Power Authority RB Series 2010 AAA (D/Ca)* |
|
|
|
4,000 |
|
|
|
5.250 |
|
|
07/01/2027 |
|
3,115 |
|
|
|
4,000 |
|
|
|
5.250 |
|
|
07/01/2028 |
|
3,115 |
| Puerto Rico Electric Power Authority RB Series 2010
AAA-RSA-1 (D/NR)* |
|
|
|
130,000 |
|
|
|
5.250 |
|
|
07/01/2023 |
|
105,300 |
|
|
|
1,485,000 |
|
|
|
5.250 |
|
|
07/01/2027 |
|
1,202,850 |
|
|
|
2,115,000 |
|
|
|
5.250 |
|
|
07/01/2028 |
|
1,713,150 |
| Puerto Rico Electric Power Authority RB Series 2010
BBB-RSA-1 (D/NR)* |
|
|
|
90,000 |
|
|
|
5.400 |
|
|
07/01/2028 |
|
70,762 |
| Puerto Rico Electric Power Authority RB Series 2010
CCC-RSA-1 (D/NR)* |
|
|
|
80,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
64,600 |
|
|
|
90,000 |
|
|
|
4.250 |
|
|
07/01/2023 |
|
72,450 |
|
|
|
60,000 |
|
|
|
4.500 |
|
|
07/01/2023 |
|
48,300 |
|
|
|
50,000 |
|
|
|
4.600 |
|
|
07/01/2024 |
|
40,250 |
|
|
|
210,000 |
|
|
|
4.625 |
|
|
07/01/2025 |
|
169,050 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
726,750 |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
20,187 |
|
|
|
40,000 |
|
|
|
4.800 |
|
|
07/01/2027 |
|
32,200 |
| Puerto Rico Electric Power Authority RB Series 2010
EEE-RSA-1 (D/NR)* |
|
|
|
1,175,000 |
|
|
|
5.950 |
|
|
07/01/2030 |
|
944,406 |
|
|
|
4,620,000 |
|
|
|
6.050 |
|
|
07/01/2032 |
|
3,719,100 |
|
|
|
115,000 |
|
|
|
6.250 |
|
|
07/01/2040 |
|
92,863 |
| Puerto Rico Electric Power Authority RB Series 2010
XX-RSA-1 (D/NR)* |
|
|
|
20,000 |
|
|
|
4.875 |
|
|
07/01/2027 |
|
16,100 |
|
|
|
7,590,000 |
|
|
|
5.250 |
|
|
07/01/2040 |
|
6,147,900 |
| Puerto Rico Electric Power Authority RB Series 2010
YY-RSA-1 (D/NR)* |
|
|
|
2,130,000 |
|
|
|
6.125 |
|
|
07/01/2040 |
|
1,717,312 |
| Puerto Rico Electric Power Authority RB Series 2012
A-RSA-1 (D/NR)* |
|
|
|
1,905,000 |
|
|
|
4.800 |
|
|
07/01/2029 |
|
1,533,525 |
|
|
|
14,720,000 |
|
|
|
5.000 |
|
|
07/01/2042 |
|
11,886,400 |
| Puerto Rico Electric Power Authority RB Series 2013
A-RSA-1 (D/NR)* |
|
|
|
715,000 |
|
|
|
7.250 |
|
|
07/01/2030 |
|
597,919 |
|
|
|
5,210,000 |
|
|
|
7.000 |
|
|
07/01/2033 |
|
4,343,837 |
|
|
|
6,190,000 |
|
|
|
7.000 |
|
|
07/01/2040 |
|
5,160,913 |
| Puerto Rico Electric Power Authority RB Series 2016
A4-RSA-1 (NR/NR)* |
|
|
|
747,236 |
|
|
|
10.000 |
|
|
07/01/2019 |
|
627,678 |
| Puerto Rico Electric Power Authority RB Series 2016
B4-RSA-1 (NR/NR)* |
|
|
|
747,235 |
|
|
|
10.000 |
|
|
07/01/2019 |
|
627,677 |
| Puerto Rico Electric Power Authority RB Series 2016
E-1-RSA-1 (NR/NR)* |
|
|
|
5,036,850 |
|
|
|
10.000 |
|
|
01/01/2021 |
|
4,300,211 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Puerto Rico – (continued) |
| Puerto Rico Electric Power Authority RB Series 2016
E-2-RSA-1 (NR/NR)* |
| $ |
|
|
5,036,850 |
|
|
|
10.000 |
% |
|
07/01/2021 |
|
$ 4,300,211 |
| Puerto Rico Electric Power Authority RB Series 2016
E-3-RSA-1 (NR/NR)* |
|
|
|
1,678,950 |
|
|
|
10.000 |
|
|
01/01/2022 |
|
1,433,404 |
| Puerto Rico Electric Power Authority RB Series 2016
E-4-RSA-1 (NR/NR)* |
|
|
|
1,678,950 |
|
|
|
10.000 |
|
|
07/01/2022 |
|
1,433,404 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2005
L (ASSURED GTY) (AA/A3) |
|
|
|
2,000,000 |
|
|
|
5.250 |
|
|
07/01/2041 |
|
2,409,500 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2005
L (NATL-RE) (NR/Baa2) |
|
|
|
2,395,000 |
|
|
|
5.250 |
|
|
07/01/2035 |
|
2,552,304 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
CC (AGM) (AA/A2) |
|
|
|
470,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
559,295 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
CC (AGM-CR) (AA/A2) |
|
|
|
100,000 |
|
|
|
5.500 |
|
|
07/01/2029 |
|
119,267 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
CC (ASSURED GTY) (AA/A3) |
|
|
|
185,000 |
|
|
|
5.500 |
|
|
07/01/2031 |
|
223,528 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
N (AGC) (AGM-CR) (AA/A2) |
|
|
|
2,455,000 |
|
|
|
5.500 |
|
|
07/01/2029 |
|
2,928,005 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
N (AGM-CR) (AGC-ICC) (AA/A2) |
|
|
|
330,000 |
|
|
|
5.500 |
|
|
07/01/2026 |
|
386,196 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
N (AMBAC) (NR/C) |
|
|
|
3,825,000 |
|
|
|
5.250 |
|
|
07/01/2031 |
|
4,205,664 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
N (ASSURED GTY) (AA/A3) |
|
|
|
320,000 |
|
|
|
5.250 |
|
|
07/01/2034 |
|
383,360 |
|
|
|
27,260,000 |
|
|
|
5.250 |
|
|
07/01/2036 |
|
32,700,551 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007
N (NATL-RE) (NR/Baa2) |
|
|
|
1,570,000 |
|
|
|
5.250 |
|
|
07/01/2033 |
|
1,678,754 |
| Puerto Rico Highway & Transportation Authority RB Series 1998 A (NATL-RE-IBC) (NR/Baa2) |
|
|
|
4,920,000 |
|
|
|
4.750 |
|
|
07/01/2038 |
|
4,950,356 |
| Puerto Rico Infrastructure Financing Authority Special Tax RB
Series 2005 A
(AMBAC) (NR/C)(c) |
|
|
|
4,785,000 |
|
|
|
0.000 |
|
|
07/01/2034 |
|
2,686,777 |
|
|
|
3,850,000 |
|
|
|
0.000 |
|
|
07/01/2035 |
|
2,064,640 |
|
|
|
2,250,000 |
|
|
|
0.000 |
|
|
07/01/2037 |
|
1,103,265 |
| Puerto Rico Public Buildings Authority RB Refunding for Government Facilities
Series 2009 P (COMWLTH GTD) (NR/Ca)* |
|
|
|
1,000,000 |
|
|
|
6.125 |
|
|
07/01/2023 |
|
873,750 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2018 A-1 (NR/NR)(c) |
|
|
|
4,313,000 |
|
|
|
0.000 |
|
|
07/01/2031 |
|
3,355,427 |
|
|
|
10,295,000 |
|
|
|
0.000 |
|
|
07/01/2033 |
|
7,371,529 |
|
|
|
77,325,000 |
|
|
|
0.000 |
|
|
07/01/2046 |
|
23,923,582 |
|
|
|
121,370,000 |
|
|
|
0.000 |
|
|
07/01/2051 |
|
27,025,458 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2019 A-2 (NR/NR) |
|
|
|
124,951,000 |
|
|
|
4.329 |
|
|
07/01/2040 |
|
135,401,902 |
|
|
|
562,000 |
|
|
|
4.536 |
|
|
07/01/2053 |
|
609,658 |
|
|
|
12,699,000 |
|
|
|
4.784 |
|
|
07/01/2058 |
|
13,961,788 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Restructured RB Series 2018 A-1 (NR/NR) |
|
|
|
3,939,000 |
|
|
|
4.500 |
|
|
07/01/2034 |
|
4,306,469 |
|
|
|
3,447,000 |
|
|
|
4.550 |
|
|
07/01/2040 |
|
3,783,496 |
|
|
|
25,341,000 |
|
|
|
4.750 |
|
|
07/01/2053 |
|
27,848,745 |
|
|
|
71,774,000 |
|
|
|
5.000 |
|
|
07/01/2058 |
|
79,984,946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
698,538,381 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Rhode Island – 0.2% |
| Tobacco Settlement Financing Corp. RB Asset-Backed Bonds
Series 2007 B (CCC-/NR)(c) |
| $ |
|
|
124,220,000 |
|
|
|
0.000 |
% |
|
06/01/2052 |
|
$ 18,680,204 |
| |
| South Carolina – 0.2% |
| Lancaster County Assessment RB for Edgewater Improvement District Series 2003 A
(NR/NR) |
|
|
|
2,963,000 |
|
|
|
6.875 |
|
|
11/01/2035 |
|
2,967,800 |
| South Carolina Jobs-Economic Development Authority RB for ACTS Retirement-Life
Communities, Inc. Obligated Group Series 2018 C (A-/NR) |
|
|
|
2,365,000 |
|
|
|
5.000 |
|
|
11/15/2047 |
|
2,713,719 |
| South Carolina Public Service Authority RB
Tax-Exempt Series 2015 E (A/A2) |
|
|
|
7,790,000 |
|
|
|
5.250 |
|
|
12/01/2055 |
|
9,209,494 |
| Spartanburg Regional Health Services District Obligated Group RB Series 2020 A
(AGM) (AA/A2) |
|
|
|
2,250,000 |
|
|
|
4.000 |
|
|
04/15/2045 |
|
2,614,815 |
|
|
|
2,000,000 |
|
|
|
3.000 |
|
|
04/15/2049 |
|
2,093,820 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,599,648 |
| |
| Tennessee – 0.2% |
| Chattanooga Health Educational & Housing Facility Board RB for
CommonSpirit Health Obligated Group Refunding Series 2019 A-1 (BBB+/Baa1) |
|
|
|
2,200,000 |
|
|
|
4.000 |
|
|
08/01/2044 |
|
2,505,514 |
| Chattanooga Health Educational & Housing Facility Board RB for
CommonSpirit Health Obligated Group Refunding Series 2019 A-2 (BBB+/Baa1) |
|
|
|
1,900,000 |
|
|
|
5.000 |
|
|
08/01/2049 |
|
2,305,688 |
| Greeneville Health & Educational Facilities Board RB for Ballad Health
Obligated Group Series 2018 A (A-/Baa1) |
|
|
|
5,230,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
5,856,083 |
| Johnson City Health & Educational Board Retirement Facilities RB for
Mountain States Health Alliance Series 2012 A (A-/Baa1) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
08/15/2042 |
|
1,566,975 |
| Metropolitan Government Nashville & Davidson County Health &
Educational Facilities Board RB for Vanderbilt University Medical Center Series 2016 A (NR/A3) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
2,948,725 |
| Metropolitan Government Nashville & Davidson County Health &
Educational Facilities RB Refunding for Trevecca Nazarene University Project Series 2019 (BBB-/NR) |
|
|
|
315,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
361,828 |
|
|
|
230,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
261,968 |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
419,415 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
10/01/2048 |
|
496,012 |
| Nashville Metropolitan Development & Housing Agency RB for Fifth+
Broadway Development Project Series 2018 (NR/NR)(a) |
|
|
|
850,000 |
|
|
|
5.125 |
|
|
06/01/2036 |
|
916,479 |
| Shelby County Health Educational & Housing Facilities Board RB Refunding
for The Village at Germantown Residential Care Facility Mortgage Series 2012 (BBB-/NR)(e) |
|
|
|
2,000,000 |
|
|
|
5.375 |
|
|
12/01/2022 |
|
2,194,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,833,007 |
| |
| Texas – 4.8% |
| Argyle Special Assessment RB for Waterbrook of Argyle Public Improvement District
Project Series 2018 (NR/NR)(a) |
|
|
|
650,000 |
|
|
|
4.250 |
|
|
09/01/2023 |
|
675,727 |
|
|
|
500,000 |
|
|
|
4.625 |
|
|
09/01/2028 |
|
567,245 |
|
|
|
2,340,000 |
|
|
|
5.125 |
|
|
09/01/2038 |
|
2,709,276 |
|
|
|
2,580,000 |
|
|
|
5.250 |
|
|
09/01/2047 |
|
2,959,363 |
| Austin Convention Enterprises, Inc. Convention Center Hotel First Tier RB Refunding
Series 2017 A (BBB-/NR) |
|
|
|
1,480,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
1,542,811 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Board of Managers, Joint Guadalupe County - City of Seguin Hospital Mortgage
Improvement RB Refunding Bonds Series 2015 (BB/NR) |
| $ |
|
|
1,950,000 |
|
|
|
5.250 |
% |
|
12/01/2035 |
|
$ 2,166,821 |
|
|
|
2,435,000 |
|
|
|
5.000 |
|
|
12/01/2040 |
|
2,599,484 |
| Cedar Bayou Navigation District Special Assessment Series 2020
(NR/NR) |
|
|
|
9,415,000 |
|
|
|
6.000 |
|
|
09/15/2051 |
|
9,582,210 |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2015 A (A-/Baa1) |
|
|
|
3,900,000 |
|
|
|
5.000 |
|
|
01/01/2045 |
|
4,446,702 |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2016 (A-/Baa1) |
|
|
|
1,600,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
1,861,040 |
|
|
|
2,465,000 |
|
|
|
5.000 |
|
|
01/01/2046 |
|
2,839,236 |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2020 B (A-/Baa1) |
|
|
|
2,575,000 |
|
|
|
5.000 |
|
|
01/01/2045 |
|
3,226,913 |
| City of Anna Special Assessment Bonds for Hurricane Creek Public Improvement
District Project Series 2019 (NR/NR)(a) |
|
|
|
2,190,000 |
|
|
|
6.500 |
|
|
09/01/2048 |
|
2,559,146 |
| City of Austin Special Assessment RB for Estancia Hill Country Public Improvement
District Series 2018 (NR/NR)(a) |
|
|
|
6,000,000 |
|
|
|
5.125 |
|
|
11/01/2033 |
|
6,557,100 |
| City of Celina Special Assessment Bonds for Wells South Public Improvement District
Series 2020 (NR/NR)(a) |
|
|
|
430,000 |
|
|
|
3.750 |
|
|
09/01/2040 |
|
446,959 |
|
|
|
1,490,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
1,562,693 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Glen Crossing Public
Improvement District Phase#1B Project Series 2018 (NR/NR)(a) |
|
|
|
400,000 |
|
|
|
5.500 |
|
|
09/01/2046 |
|
469,124 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Glen Crossing Public
Improvement District Phase#2 Project Series 2018 (NR/NR) |
|
|
|
1,125,000 |
|
|
|
5.625 |
|
|
09/01/2038 |
|
1,329,829 |
|
|
|
1,700,000 |
|
|
|
5.750 |
|
|
09/01/2047 |
|
1,996,803 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Sutton Fields II
Public Improvement District Phase#2-3 Project Series 2019 (NR/NR)(a) |
|
|
|
2,380,000 |
|
|
|
4.250 |
|
|
09/01/2049 |
|
2,565,188 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Sutton Fields II
Public Improvement District Phase#4 Project Series 2020 (NR/NR)(a) |
|
|
|
1,800,000 |
|
|
|
4.125 |
|
|
09/01/2050 |
|
1,869,732 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Wells South Public
Improvement District Major Improvement Area Project Series 2015 (NR/NR) |
|
|
|
3,815,000 |
|
|
|
7.500 |
|
|
09/01/2045 |
|
4,113,829 |
| City of Celina Texas Municipal Corp. Special Assessment RB for Wells South Public
Improvement District Neighborhood Improvement Area #1 Project Series 2015 (NR/NR) |
|
|
|
1,760,000 |
|
|
|
6.250 |
|
|
09/01/2045 |
|
1,860,197 |
| City of Fate Special Assessment for Williamsburg East Public Improvement District
Area No. 1 Series 2020 (NR/NR)(a) |
|
|
|
692,000 |
|
|
|
3.875 |
|
|
08/15/2040 |
|
715,037 |
|
|
|
994,000 |
|
|
|
4.125 |
|
|
08/15/2050 |
|
1,026,772 |
| City of Fate Special Assessment RB for Williamsburg Public Improvement District
No. 1 Phase#1 Series 2019 (NR/NR)(a) |
|
|
|
1,360,000 |
|
|
|
4.250 |
|
|
08/15/2049 |
|
1,466,298 |
| City of Fate Special Assessment RB for Williamsburg Public Improvement District
No. 1 Series 2018 (NR/NR)(a) |
|
|
|
910,000 |
|
|
|
4.350 |
|
|
08/15/2039 |
|
936,408 |
|
|
|
1,920,000 |
|
|
|
4.500 |
|
|
08/15/2048 |
|
1,976,160 |
| City of Fate Special Assessment Refunding for Williamsburg Public Improvement
District No. 1 Project Series 2019 (BAM) (AA/NR) |
|
|
|
2,050,000 |
|
|
|
3.250 |
|
|
08/15/2043 |
|
2,178,781 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| City of Hackberry Special Assessment RB for Riverdale Lake Public Improvement
District No. 2 Phases 4-6 Project Series 2017 (NR/NR) |
| $ |
|
|
4,345,000 |
|
|
|
5.000 |
% |
|
09/01/2047 |
|
$ 4,877,089 |
| City of Hackberry Special Assessment RB Refunding for Hackberry Public Improvement
District No. 3 Phases No. 13-16 Project
Series 2017 (NR/NR) |
|
|
|
1,390,000 |
|
|
|
4.500 |
|
|
09/01/2037 |
|
1,542,817 |
|
|
|
2,435,000 |
|
|
|
5.000 |
|
|
09/01/2044 |
|
2,740,982 |
| City of Hackberry Special Assessment RB Refunding for Hidden Cove Public
Improvement District No. 2 Project Series 2017 (BBB-/NR) |
|
|
|
2,235,000 |
|
|
|
4.500 |
|
|
09/01/2032 |
|
2,562,651 |
|
|
|
4,715,000 |
|
|
|
4.500 |
|
|
09/01/2038 |
|
5,312,061 |
| City of Haslet Special Assessment RB Refunding for Haslet Public Improvement
District No. 5 1 Project Series 2019 (NR/NR)(a) |
|
|
|
2,450,000 |
|
|
|
4.375 |
|
|
09/01/2049 |
|
2,680,471 |
| City of Irving RB Refunding for Hotel Occupancy Tax Series 2019
(BBB+/NR) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
08/15/2043 |
|
1,634,925 |
| City of Kyle Special Assessment RB for Creeks Public Improvement District Series
2019 (NR/NR)(a) |
|
|
|
1,405,000 |
|
|
|
4.625 |
|
|
09/01/2039 |
|
1,582,311 |
|
|
|
900,000 |
|
|
|
4.750 |
|
|
09/01/2044 |
|
1,004,913 |
| City of Kyle Special Assessment RB for Creeks Public Improvement District Series
2020 (NR/NR)(a) |
|
|
|
1,310,000 |
|
|
|
3.625 |
|
|
09/01/2040 |
|
1,302,297 |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
09/01/2046 |
|
405,752 |
| City of Kyle Special Assessment RB for Southwest Kyle Public Improvement District
No. 1 Series 2019 (NR/NR)(a) |
|
|
|
1,225,000 |
|
|
|
4.875 |
|
|
09/01/2044 |
|
1,379,289 |
| City of Lago Vista Tessera on Lake Travis Public Improvement District Special
Assessment Refunding Bond Series 2010 (NR/NR) |
|
|
|
990,000 |
|
|
|
3.750 |
|
|
09/01/2042 |
|
1,038,253 |
| City of Lavon Special Assessment RB for Lakepointe Public Improvement District
Improvement Area#1 Project Series 2019 (NR/NR)(a) |
|
|
|
580,000 |
|
|
|
4.250 |
|
|
09/15/2039 |
|
634,172 |
|
|
|
2,415,000 |
|
|
|
4.500 |
|
|
09/15/2049 |
|
2,634,234 |
| City of Lavon Special Assessment RB for Lakepointe Public Improvement District
Major Improvement Area Project Series 2019 (NR/NR)(a) |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
09/15/2049 |
|
943,474 |
| City of Liberty Hill Special Assessment Bonds for Summerlyn West Public Improvement
District Series 2020 (NR/NR)(a) |
|
|
|
1,890,000 |
|
|
|
4.000 |
|
|
09/01/2054 |
|
1,981,022 |
| City of Manor Special Assessment RB for Lagos Public Improvement District Series
2020 (NR/NR)(a) |
|
|
|
295,000 |
|
|
|
4.500 |
|
|
09/15/2040 |
|
328,297 |
|
|
|
525,000 |
|
|
|
4.625 |
|
|
09/15/2049 |
|
581,369 |
| City of Mclendon-Chisholm Special Assessment Bonds Sonoma Public Improvement
District Area #2 Project Series 2019 (NR/NR)(a) |
|
|
|
785,000 |
|
|
|
4.250 |
|
|
09/15/2039 |
|
879,349 |
|
|
|
3,000,000 |
|
|
|
4.375 |
|
|
09/15/2049 |
|
3,318,270 |
| City of Mesquite Special Assessment RB for Iron Horse Public Improvement District
Project Series 2019 (NR/NR)(a) |
|
|
|
1,155,000 |
|
|
|
5.750 |
|
|
09/15/2039 |
|
1,283,309 |
|
|
|
2,055,000 |
|
|
|
6.000 |
|
|
09/15/2049 |
|
2,279,303 |
| City of Mesquite Special Assessment RB for Polo Ridge Public Improvement District
No. 2 Phase #1 Project Series 2019 (NR/NR)(a) |
|
|
|
2,405,000 |
|
|
|
5.875 |
|
|
09/15/2039 |
|
2,680,445 |
|
|
|
5,200,000 |
|
|
|
5.125 |
|
|
09/15/2048 |
|
5,819,528 |
|
|
|
3,830,000 |
|
|
|
6.125 |
|
|
09/15/2048 |
|
4,267,118 |
| City of North Richland Hills Special Assessment for City Point Public Improvement
District Project Series 2019 (NR/NR)(a) |
|
|
|
550,000 |
|
|
|
5.250 |
|
|
09/01/2040 |
|
595,908 |
|
|
|
355,000 |
|
|
|
5.625 |
|
|
09/01/2040 |
|
384,529 |
|
|
|
560,000 |
|
|
|
4.125 |
|
|
09/01/2049 |
|
619,478 |
|
|
|
1,510,000 |
|
|
|
5.375 |
|
|
09/01/2050 |
|
1,628,958 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| City of Oak Point Public Improvement District No. 2 Special Assessment Series
2020 (NR/NR)(a) |
| $ |
|
|
1,175,000 |
|
|
|
3.750 |
% |
|
09/01/2040 |
|
$ 1,223,316 |
|
|
|
1,060,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
1,103,068 |
| City of Oak Point Special Assessment RB for Wildridge Public Improvement District
No. 1 Series 2018 (NR/NR)(a) |
|
|
|
1,355,000 |
|
|
|
4.125 |
|
|
09/01/2048 |
|
1,439,511 |
|
|
|
1,465,000 |
|
|
|
4.500 |
|
|
09/01/2048 |
|
1,579,329 |
| City of Princeton Special Assessment RB for Arcadia Farms Public Improvement
District Series 2018 (NR/NR)(a) |
|
|
|
2,465,000 |
|
|
|
4.875 |
|
|
09/01/2048 |
|
2,762,698 |
| City of Princeton Special Assessment RB for Arcadia Farms Public Improvement
District Series 2019 (NR/NR)(a) |
|
|
|
1,050,000 |
|
|
|
4.375 |
|
|
09/01/2049 |
|
1,159,305 |
| City of Princeton Special Assessment RB for Arcadia Farms Public Improvement
District Series 2020 (NR/NR)(a) |
|
|
|
126,000 |
|
|
|
3.875 |
|
|
09/01/2040 |
|
134,199 |
|
|
|
175,000 |
|
|
|
4.125 |
|
|
09/01/2050 |
|
186,699 |
| City of Princeton Special Assessment RB for Brookside Public Improvement District
Series 2019 (NR/NR) |
|
|
|
400,000 |
|
|
|
4.875 |
|
|
09/01/2039 |
|
456,456 |
|
|
|
835,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
945,111 |
| City of Princeton Special Assessment RB for Whitewing Trails Public Improvement
District No. 2 Series 2019 (NR/NR)(a) |
|
|
|
2,205,000 |
|
|
|
4.500 |
|
|
09/01/2039 |
|
2,412,006 |
|
|
|
1,185,000 |
|
|
|
5.500 |
|
|
09/01/2039 |
|
1,337,012 |
|
|
|
1,490,000 |
|
|
|
4.750 |
|
|
09/01/2049 |
|
1,627,989 |
|
|
|
2,140,000 |
|
|
|
5.750 |
|
|
09/01/2049 |
|
2,411,587 |
| City of Princeton Special Assessment RB for Winchester Public Improvement District
Series 2020 (NR/NR)(a) |
|
|
|
750,000 |
|
|
|
3.750 |
|
|
09/01/2040 |
|
806,078 |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
1,358,525 |
| City of Royse City Special Assessment for Creekshaw Public Improvement District
Area #1 Series 2020 (NR/NR)(a) |
|
|
|
1,195,000 |
|
|
|
3.875 |
|
|
09/15/2040 |
|
1,243,003 |
|
|
|
1,780,000 |
|
|
|
4.125 |
|
|
09/15/2050 |
|
1,850,648 |
| City of Royse City Special Assessment for Creekshaw Public Improvement District
Series 2020 (NR/NR)(a) |
|
|
|
110,000 |
|
|
|
4.375 |
|
|
09/15/2030 |
|
114,433 |
|
|
|
500,000 |
|
|
|
4.125 |
|
|
09/15/2040 |
|
527,865 |
|
|
|
1,520,000 |
|
|
|
4.375 |
|
|
09/15/2050 |
|
1,603,995 |
|
|
|
600,000 |
|
|
|
5.125 |
|
|
09/15/2050 |
|
631,434 |
| City of Royse City Special Assessment for Waterscape Public Improvement District
Improvement Series 2019 (NR/NR)(a) |
|
|
|
1,760,000 |
|
|
|
4.750 |
|
|
09/15/2049 |
|
1,934,275 |
| City of Sachse Special Assessment for Public Improvement District No. 1 Series
2020 (NR/NR)(a) |
|
|
|
1,070,000 |
|
|
|
3.750 |
|
|
09/15/2040 |
|
1,113,238 |
|
|
|
1,490,000 |
|
|
|
4.000 |
|
|
09/15/2050 |
|
1,549,496 |
| City of San Marcos Special Assessment for Whisper Public Improvement District
Series 2020 (NR/NR) |
|
|
|
765,000 |
|
|
|
5.375 |
|
|
09/01/2040 |
|
820,187 |
|
|
|
1,800,000 |
|
|
|
5.625 |
|
|
09/01/2050 |
|
1,940,238 |
| City of Shenandoah Special Assessment RB for Metropark Public Improvement District
Series 2018 (NR/NR) |
|
|
|
240,000 |
|
|
|
4.500 |
|
|
09/01/2023 |
|
248,834 |
|
|
|
780,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
879,770 |
|
|
|
2,035,000 |
|
|
|
5.600 |
|
|
09/01/2038 |
|
2,364,202 |
|
|
|
2,470,000 |
|
|
|
5.700 |
|
|
09/01/2047 |
|
2,835,733 |
| County of Hays Special Assessment for La Cima Public Improvement District Series
2020 (NR/NR)(a) |
|
|
|
800,000 |
|
|
|
3.750 |
|
|
09/15/2040 |
|
833,008 |
|
|
|
1,200,000 |
|
|
|
4.000 |
|
|
09/15/2050 |
|
1,248,912 |
| Dallas County Flood Control District No. 1 Unlimited Tax GO Refunding Bonds
Series 2015 (NR/NR)(a) |
|
|
|
3,250,000 |
|
|
|
5.000 |
|
|
04/01/2032 |
|
3,394,592 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Edinburg Economic Development Corp. Sales Tax RB Series 2019 (NR/NR)(a) |
| $ |
|
|
195,000 |
|
|
|
3.750 |
% |
|
08/15/2024 |
|
$ 197,332 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
08/15/2029 |
|
357,042 |
|
|
|
1,150,000 |
|
|
|
4.500 |
|
|
08/15/2035 |
|
1,175,243 |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
08/15/2044 |
|
902,886 |
| Fort Bend County Industrial Development Corp. RB for NRG Energy, Inc. Project
Series 2012 A (NR/Baa2) |
|
|
|
1,545,000 |
|
|
|
4.750 |
|
|
05/01/2038 |
|
1,631,010 |
| Fort Bend County Industrial Development Corp. RB for NRG Energy, Inc. Project
Series 2012 B (NR/Baa2) |
|
|
|
5,685,000 |
|
|
|
4.750 |
|
|
11/01/2042 |
|
6,000,859 |
| Fort Worth Special Assessment RB for Fort Worth Public Improvement District
No. 17 Major Improvement Project Series 2017 (NR/NR)(a) |
|
|
|
1,575,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
1,694,417 |
|
|
|
895,000 |
|
|
|
5.000 |
|
|
09/01/2032 |
|
940,394 |
|
|
|
1,315,000 |
|
|
|
5.125 |
|
|
09/01/2037 |
|
1,363,734 |
| Grand Parkway Transportation Corp. System Toll Convertible RB
Series 2013 B
(AA+/NR)(b) |
|
|
|
15,140,000 |
|
|
|
0.000 |
|
|
10/01/2046 |
|
17,524,247 |
|
|
|
11,100,000 |
|
|
|
0.000 |
|
|
10/01/2047 |
|
12,857,685 |
| Harris County Toll Road RB Refunding Senior Lien Series 2007 B (AMBAC) (AA-/Aa1)(d) |
| (3 Mo. LIBOR + 0.67%), |
|
|
|
|
|
23,855,000 |
|
|
|
0.819 |
|
|
08/15/2035 |
|
21,539,157 |
| Harris County-Houston Sports Authority RB Refunding Series 2004 A (NATL-RE) (BB/Baa2)(c) |
|
|
|
5,525,000 |
|
|
|
0.000 |
|
|
11/15/2036 |
|
2,422,160 |
| Hickory Creek Texas Special Assessment RB for Hickory Farms Public Improvement
Series 2019 (NR/NR)(a) |
|
|
|
1,340,000 |
|
|
|
4.500 |
|
|
09/01/2039 |
|
1,471,213 |
|
|
|
1,800,000 |
|
|
|
4.750 |
|
|
09/01/2049 |
|
1,972,764 |
| Hickory Creek Texas Special Assessment RB for Public Improvement District
No. 1 Series 2017 (BBB-/NR) |
|
|
|
595,000 |
|
|
|
3.750 |
|
|
09/01/2032 |
|
658,177 |
|
|
|
510,000 |
|
|
|
3.875 |
|
|
09/01/2037 |
|
563,560 |
|
|
|
930,000 |
|
|
|
4.000 |
|
|
09/01/2047 |
|
1,019,671 |
| Houston Airport System RB for United Airlines, Inc. Airport Improvement Projects
Series 2018 C (AMT) (B/NR) |
|
|
|
15,835,000 |
|
|
|
5.000 |
|
|
07/15/2028 |
|
17,842,146 |
| Houston Airport System RB Refunding for United Airlines, Inc.
Series 2020 A
(AMT) (BB-/NR) |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
981,680 |
| Houston Airport System RB Refunding for United Airlines, Inc.
Series 2020 B-2 (AMT) (BB-/NR) |
|
|
|
2,750,000 |
|
|
|
5.000 |
|
|
07/15/2027 |
|
3,086,298 |
| Houston Airport System RB Refunding for United Airlines, Inc.
Series 2020 C
(AMT) (BB-/NR) |
|
|
|
2,780,000 |
|
|
|
5.000 |
|
|
07/15/2027 |
|
3,119,966 |
| Houston Airport System Special Facilities RB for Continental Airlines, Inc.
Terminal Improvement Projects Series 2011 A (AMT) (B/Ba3) |
|
|
|
10,000,000 |
|
|
|
6.625 |
|
|
07/15/2038 |
|
10,384,200 |
| Houston Airport System Special Facilities RB Refunding for United Airlines, Inc.
Terminal E Project Series 2014 A (AMT) (B/Ba3) |
|
|
|
9,250,000 |
|
|
|
5.000 |
|
|
07/01/2029 |
|
9,820,262 |
| Houston Airport System Special Facilities RB Refunding for United Airlines, Inc.
Terminal Improvement Projects Series 2015 B-1 (AMT) (B/NR) |
|
|
|
10,500,000 |
|
|
|
5.000 |
|
|
07/15/2035 |
|
11,186,490 |
| Joint Guadalupe County RB Refunding and Improvement Bonds for City of Seguin
Hospital Mortgage Series 2015 (BB/NR) |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
12/01/2045 |
|
2,042,098 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Justin Special Assessment RB for Timberbrook Public Improvement District No. 1
Major Improvement Area Project Series 2018 (NR/NR)(a) |
| $ |
|
|
390,000 |
|
|
|
4.500 |
% |
|
09/01/2023 |
|
$ 406,946 |
|
|
|
785,000 |
|
|
|
5.000 |
|
|
09/01/2028 |
|
900,269 |
|
|
|
1,170,000 |
|
|
|
5.375 |
|
|
09/01/2038 |
|
1,340,668 |
|
|
|
1,930,000 |
|
|
|
5.125 |
|
|
09/01/2047 |
|
2,177,619 |
|
|
|
1,500,000 |
|
|
|
5.500 |
|
|
09/01/2047 |
|
1,703,100 |
| Mission Economic Development Corp. Senior Lien RB for Natgasoline Project Series
2018 (AMT) (BB-/NR)(a) |
|
|
|
19,675,000 |
|
|
|
4.625 |
|
|
10/01/2031 |
|
20,916,886 |
| Mitchell County Hospital District GO Bonds Series 2020 (NR/NR) |
|
|
|
705,000 |
|
|
|
5.500 |
|
|
02/15/2040 |
|
809,995 |
|
|
|
1,325,000 |
|
|
|
5.250 |
|
|
02/15/2045 |
|
1,485,365 |
|
|
|
780,000 |
|
|
|
4.000 |
|
|
02/15/2051 |
|
794,547 |
| Montgomery County Toll Road Authority Senior Lien RB Series 2018 (BBB-/NR) |
|
|
|
1,850,000 |
|
|
|
5.000 |
|
|
09/15/2043 |
|
2,045,027 |
|
|
|
2,800,000 |
|
|
|
5.000 |
|
|
09/15/2048 |
|
3,078,040 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for
Cityscape Schools, Inc. Series 2019 A (BB+/NR)(a) |
|
|
|
1,465,000 |
|
|
|
5.000 |
|
|
08/15/2051 |
|
1,599,970 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for Station
II, LLC - Texas A&M University Collegiate Housing Corpus Christi Project Series 2016 A (B/B2) |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
04/01/2031 |
|
330,752 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
04/01/2036 |
|
293,253 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for
Tarleton State University Collegiate Housing Project
Series 2015 A (NR/WR)(e) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
1,186,190 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for Texas
A&M University at Galveston Collegiate Housing Project Series 2014 A (NR/Baa3) |
|
|
|
1,385,000 |
|
|
|
4.750 |
|
|
04/01/2046 |
|
1,341,940 |
| North Texas Tollway Authority RB Refunding for Second Tier Series 2017 B
(A/A2) |
|
|
|
8,500,000 |
|
|
|
5.000 |
|
|
01/01/2048 |
|
9,975,430 |
| Port Beaumont Navigation District RB Refunding for Jefferson 2020 Bond
Lessee & Borrower LLC Obligated Group Series 2020 A (AMT) (NR/NR)(a) |
|
|
|
9,995,000 |
|
|
|
4.000 |
|
|
01/01/2050 |
|
10,060,967 |
| Port Beaumont Navigation District RB Refunding for Jefferson 2020 Bond
Lessee & Borrower LLC Obligated Group Series 2020 B (NR/NR)(a) |
|
|
|
4,125,000 |
|
|
|
6.000 |
|
|
01/01/2025 |
|
4,118,524 |
| Rowlett Special Assessment RB for Bayside Public Improvement District North
Improvement Area Project Series 2016 (NR/NR) |
|
|
|
175,000 |
|
|
|
5.750 |
|
|
09/15/2036 |
|
181,472 |
|
|
|
460,000 |
|
|
|
6.000 |
|
|
09/15/2046 |
|
473,455 |
| Royse Special Assessment RB for Parkside Village Public Improvement District Series
2019 (NR/NR)(a) |
|
|
|
825,000 |
|
|
|
4.125 |
|
|
09/15/2039 |
|
892,493 |
|
|
|
3,275,000 |
|
|
|
4.375 |
|
|
09/15/2049 |
|
3,541,160 |
| Tarrant County Cultural Education Facilities Finance Corp. RB Refunding for Air
Force Village Obligated Group Series 2016 (BB+/NR) |
|
|
|
7,300,000 |
|
|
|
5.000 |
|
|
05/15/2045 |
|
7,778,150 |
| Texas Municipal Gas Acquisition & Supply Corp. I RB Senior Lien Series
2006 B (A-/A2)(d) |
| (3 Mo. LIBOR + 0.70%), |
|
|
|
|
|
5,770,000 |
|
|
|
0.845 |
|
|
12/15/2026 |
|
5,747,670 |
| Texas Private Activity Bonds Surface Transportation Corp. RB Refunding for NTE
Mobility Partners LLC Series 2019 A (BBB/Baa2) |
|
|
|
5,000,000 |
|
|
|
4.000 |
|
|
12/31/2037 |
|
5,839,850 |
|
|
|
3,750,000 |
|
|
|
4.000 |
|
|
12/31/2038 |
|
4,367,775 |
|
|
|
3,000,000 |
|
|
|
4.000 |
|
|
12/31/2039 |
|
3,487,230 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Texas Private Activity Bonds Surface Transportation Corp. RB Senior Lien for
Blueridge Transportation Group, LLC SH 288 Toll Lanes Project Series 2016 (AMT) (BBB-/Baa3) |
| $ |
|
|
3,900,000 |
|
|
|
5.000 |
% |
|
12/31/2050 |
|
$ 4,303,650 |
|
|
|
3,900,000 |
|
|
|
5.000 |
|
|
12/31/2055 |
|
4,296,006 |
| Texas Private Activity Bonds Surface Transportation Corp. RB Senior Lien for
Mobility Partners LLC Series 2013 (AMT) (BBB-/Baa3) |
|
|
|
5,000,000 |
|
|
|
6.750 |
|
|
06/30/2043 |
|
5,710,300 |
| Texas Private Activity Bonds Surface Transportation Corp. RB Senior Lien for
Mobility Partners Segment 3 LLC Series 2019 (AMT) (BBB-/Baa3) |
|
|
|
28,790,000 |
|
|
|
5.000 |
|
|
06/30/2058 |
|
34,480,631 |
| Texas Transportation Commission Central Turnpike System RB Refunding Second Tier
Series 2015 C (A-/Baa1) |
|
|
|
2,850,000 |
|
|
|
5.000 |
|
|
08/15/2042 |
|
3,206,450 |
| Town of Little Special Assessment RB for Hillstone Pointe Public Improvement
District No. 2 Phases #2-3 Project Series 2018
(NR/NR)(a) |
|
|
|
1,353,000 |
|
|
|
5.875 |
|
|
09/01/2047 |
|
1,589,937 |
| Town of Little Special Assessment RB for Lakeside Estates Public Improvement
District No. 2 Project Series 2017 (NR/NR)(a) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
09/01/2047 |
|
1,561,476 |
| Viridian Municipal Management District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
390,000 |
|
|
|
3.125 |
|
|
12/01/2035 |
|
398,221 |
|
|
|
457,000 |
|
|
|
3.375 |
|
|
12/01/2040 |
|
466,638 |
|
|
|
786,000 |
|
|
|
3.500 |
|
|
12/01/2047 |
|
802,333 |
| Viridian Municipal Management District Tarrant County Special Assessment RB Series
2015 (NR/NR) |
|
|
|
64,000 |
|
|
|
4.000 |
|
|
12/01/2021 |
|
65,382 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
12/01/2027 |
|
542,430 |
|
|
|
1,545,000 |
|
|
|
4.750 |
|
|
12/01/2035 |
|
1,683,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
462,542,623 |
| |
| Utah – 0.3% |
| Carbon County Solid Waste Disposal RB Refunding for Sunnyside Cogeneration Series
1999 A (NR/NR) |
|
|
|
8,150,000 |
|
|
|
7.100 |
|
|
08/15/2023 |
|
8,493,115 |
| Medical School Campus Public Infrastructure District GO Bonds
Series 2020 A
(NR/NR)(a) |
|
|
|
10,250,000 |
|
|
|
5.500 |
|
|
02/01/2050 |
|
10,372,385 |
| Medical School Campus Public Infrastructure District GO Bonds
Series 2020 B
(NR/NR)(a) |
|
|
|
1,954,000 |
|
|
|
7.875 |
|
|
08/15/2050 |
|
1,974,458 |
| Salt Lake City RB for International Airport Series 2017 A (AMT)
(A/A2) |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
07/01/2047 |
|
7,118,640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,958,598 |
| |
| Vermont – 0.0% |
| Vermont Economic Development Authority RB Refunding for Wake Robin Corp. Series
2017 A (NR/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2047 |
|
1,024,420 |
| |
| Virgin Islands – 0.4% |
| Virgin Islands Public Finance Authority RB Matching Fund Loan Note Senior Lien
Series 2010 A (NR/Caa2) |
|
|
|
10,775,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
10,776,401 |
|
|
|
7,910,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
7,910,316 |
| Virgin Islands Public Finance Authority RB Matching Fund Loan Note Series 2012 A
(NR/Caa2) |
|
|
|
6,080,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
6,076,048 |
| Virgin Islands Public Finance Authority RB Refunding for Virgin Islands Gross
Receipts Taxes Loan Note Series 2014 C (B/NR) |
|
|
|
9,850,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
8,971,675 |
| Virgin Islands Public Finance Authority RB Refunding Series 2014 C (AGM-CR) (AA/A2) |
|
|
|
3,515,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
3,922,670 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Virgin Islands – (continued) |
| Virgin Islands Public Finance Authority RB Senior Lien Matching Fund Loan Notes
Refunding for Cruzan Project Series 2009 A (NR/Caa3) |
| $ |
|
|
1,945,000 |
|
|
|
6.000 |
% |
|
10/01/2039 |
|
$ 1,865,858 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,522,968 |
| |
| Virginia – 1.5% |
| Alexandria City IDA for Residential Care Facilities Mortgage RB for Goodwin House,
Inc. Series 2015 (BBB+/NR) |
|
|
|
2,700,000 |
|
|
|
5.000 |
|
|
10/01/2045 |
|
2,912,004 |
| Farmville Industrial Development Authority RB Refunding for Longwood Housing
Foundation LLC Series 2020 A (BBB-/NR) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2050 |
|
5,652,850 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2059 |
|
5,604,250 |
| Mosaic District Community Development Authority RB Series 2011 A (ETM) (NR/NR)(e) |
|
|
|
990,000 |
|
|
|
6.250 |
|
|
03/01/2021 |
|
999,405 |
| Mosaic District Community Development Authority RB Series 2011 A
(NR/NR) |
|
|
|
2,000,000 |
|
|
|
6.625 |
|
|
03/01/2026 |
|
2,020,000 |
|
|
|
7,000,000 |
|
|
|
6.875 |
|
|
03/01/2036 |
|
7,072,730 |
| Salem Economic Development Authority RB Refunding for Roanoke College Series 2020
(BBB+/NR) |
|
|
|
710,000 |
|
|
|
4.000 |
|
|
04/01/2045 |
|
738,443 |
|
|
|
880,000 |
|
|
|
5.000 |
|
|
04/01/2049 |
|
995,183 |
| Tobacco Settlement Financing Corp. RB for Capital Appreciation Subseries 2007 A-1 (B-/B3) |
|
|
|
11,560,000 |
|
|
|
6.706 |
|
|
06/01/2046 |
|
12,094,881 |
| Tobacco Settlement Financing Corp. RB for Capital Appreciation Subseries 2007 C (CCC-/NR)(c) |
|
|
|
236,845,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
53,834,869 |
| Tobacco Settlement Financing Corp. RB for Capital Appreciation Subseries 2007 D (CCC-/NR)(c) |
|
|
|
34,250,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
7,626,790 |
| Virginia Small Business Financing Authority Private Activity Tax Exempt Senior Lien
RB for Transform 66 P3 Project Series 2017 (AMT) (BBB/Baa3) |
|
|
|
1,375,000 |
|
|
|
5.000 |
|
|
12/31/2047 |
|
1,603,814 |
|
|
|
520,000 |
|
|
|
5.000 |
|
|
12/31/2052 |
|
604,827 |
|
|
|
26,545,000 |
|
|
|
5.000 |
|
|
12/31/2056 |
|
30,788,484 |
| Virginia Small Business Financing Authority Senior Lien RB for 95 Express Lanes LLC
Project Series 2019 (AMT) (BBB-/NR) |
|
|
|
4,250,000 |
|
|
|
5.000 |
|
|
01/01/2044 |
|
4,410,437 |
|
|
|
3,370,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
3,496,173 |
| Virginia Small Business Financing Authority Solid Waste Disposal Facilities RB for
Covanta Holding Corp. Project Series 2018 (AMT) (B/NR)(a)(f)(g) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2038 |
|
1,036,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
141,491,560 |
| |
| Washington – 1.3% |
| Port of Seattle Industrial Development Corp. RB Refunding for Delta Air Lines, Inc.
Series 2012 (AMT) (BB/NR) |
|
|
|
7,355,000 |
|
|
|
5.000 |
|
|
04/01/2030 |
|
7,871,542 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 A-2 (BBB+/Baa1) |
|
|
|
3,790,000 |
|
|
|
5.000 |
|
|
08/01/2049 |
|
4,599,241 |
| Washington Higher Education Facilities Authority RB for Seattle University Series
2020 (A/NR) |
|
|
|
1,125,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
1,259,381 |
| Washington State Convention Center Public Facilities District RB Series 2018
(BBB+/Baa1) |
|
|
|
16,450,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
19,209,652 |
|
|
|
37,700,000 |
|
|
|
4.000 |
|
|
07/01/2058 |
|
40,277,926 |
|
|
|
35,975,000 |
|
|
|
5.000 |
|
|
07/01/2058 |
|
41,936,777 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Washington – (continued) |
| Washington State Housing Finance Commission Nonprofit Housing RB for Presbyterian
Retirement Communities Northwest Obligated Group Transforming Age Projects Series 2019 A (BB/NR)(a) |
| $ |
|
|
1,350,000 |
|
|
|
5.000 |
% |
|
01/01/2049 |
|
$ 1,454,800 |
|
|
|
3,800,000 |
|
|
|
5.000 |
|
|
01/01/2055 |
|
4,079,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
120,689,037 |
| |
| West Virginia – 0.4% |
| County of Ohio Special District Excise Tax RB Refunding for Fort Henry Economic
Opportunity Development District The Highlands Project Series 2019 B (BBB-/NR) |
|
|
|
955,000 |
|
|
|
3.000 |
|
|
03/01/2035 |
|
933,006 |
|
|
|
2,685,000 |
|
|
|
3.000 |
|
|
03/01/2037 |
|
2,586,890 |
|
|
|
2,685,000 |
|
|
|
3.250 |
|
|
03/01/2041 |
|
2,592,207 |
| West Virginia Economic Development Authority RB for Arch Resources, Inc. Series
2020 (AMT) (B/B2)(f)(g) |
|
|
|
3,250,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
3,373,565 |
| West Virginia Hospital Finance Authority RB Refunding for Cabell Huntington
Hospital Obligated Group Series 2018 A (BBB+/Baa1) |
|
|
|
6,120,000 |
|
|
|
5.000 |
|
|
01/01/2043 |
|
7,340,450 |
|
|
|
13,000,000 |
|
|
|
4.125 |
|
|
01/01/2047 |
|
14,273,610 |
| West Virginia Hospital Finance Authority RB Refunding for Charleston Area Medical
Center, Inc. Obligated Group Series 2019 A (NR/Baa1) |
|
|
|
1,650,000 |
|
|
|
5.000 |
|
|
09/01/2038 |
|
1,983,795 |
|
|
|
1,525,000 |
|
|
|
5.000 |
|
|
09/01/2039 |
|
1,829,634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,913,157 |
| |
| Wisconsin – 0.9% |
| Public Finance Authority Beyond Boone
LLC-Appalachian State University Project RB Bonds Series 2019 A (AGM) (AA/A2) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2044 |
|
1,060,263 |
|
|
|
2,350,000 |
|
|
|
4.125 |
|
|
07/01/2049 |
|
2,583,073 |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
07/01/2054 |
|
1,513,993 |
|
|
|
1,600,000 |
|
|
|
5.000 |
|
|
07/01/2058 |
|
1,861,600 |
| Public Finance Authority Education RB for North Carolina Leadership Charter
Academy, Inc. Series 2019 A (NR/NR)(a) |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
06/15/2029 |
|
317,563 |
|
|
|
385,000 |
|
|
|
5.000 |
|
|
06/15/2039 |
|
409,078 |
|
|
|
495,000 |
|
|
|
5.000 |
|
|
06/15/2049 |
|
519,978 |
|
|
|
430,000 |
|
|
|
5.000 |
|
|
06/15/2054 |
|
450,627 |
| Public Finance Authority Exempt Facilities RB Refunding for Celanese Project Series
2016 C (AMT) (BBB-/Baa3) |
|
|
|
5,900,000 |
|
|
|
4.300 |
|
|
11/01/2030 |
|
6,588,058 |
| Public Finance Authority RB for Beyond Boone LLC Series 2020 A (AGM)
(AA/A2) |
|
|
|
760,000 |
|
|
|
4.000 |
|
|
07/01/2045 |
|
833,226 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
07/01/2050 |
|
1,034,911 |
|
|
|
1,185,000 |
|
|
|
4.000 |
|
|
07/01/2055 |
|
1,286,341 |
|
|
|
1,520,000 |
|
|
|
4.000 |
|
|
07/01/2059 |
|
1,649,443 |
| Public Finance Authority RB for Charter Day School Obligated Group Series 2020 A
(NR/Ba1)(a) |
|
|
|
5,650,000 |
|
|
|
5.000 |
|
|
12/01/2055 |
|
6,232,741 |
| Public Finance Authority RB for Eno River Academy Holdings, Inc. Series 2020 A
(NR/Ba1)(a) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
06/15/2054 |
|
1,431,469 |
| Public Finance Authority RB for Founders Academy of Las Vegas
Series 2020 A (BB-/NR)(a) |
|
|
|
520,000 |
|
|
|
4.000 |
|
|
07/01/2030 |
|
540,821 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
758,093 |
|
|
|
1,875,000 |
|
|
|
5.000 |
|
|
07/01/2055 |
|
1,996,556 |
| Public Finance Authority RB for Masonic & Eastern Star Home of NC, Inc.
Obligated Group Series 2020 A (NR/NR)(a) |
|
|
|
3,100,000 |
|
|
|
5.250 |
|
|
03/01/2045 |
|
3,437,094 |
|
|
|
7,110,000 |
|
|
|
5.250 |
|
|
03/01/2055 |
|
7,825,479 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Wisconsin – (continued) |
| Public Finance Authority RB for Minnesota Medical University LLC Series 2019 A-1 (NR/NR)*(a) |
| $ |
|
|
41,995 |
|
|
|
5.500 |
% |
|
12/01/2048 |
|
$ 20,997 |
| Public Finance Authority RB for Minnesota Medical University LLC Series 2019 A-2 (NR/NR)*(a) |
|
|
|
85,207 |
|
|
|
7.250 |
|
|
12/01/2048 |
|
42,604 |
| Public Finance Authority RB for Prime Healthcare Foundation, Inc. Series 2018 A (BBB-/NR) |
|
|
|
2,600,000 |
|
|
|
5.200 |
|
|
12/01/2037 |
|
2,990,962 |
|
|
|
1,525,000 |
|
|
|
5.350 |
|
|
12/01/2045 |
|
1,735,770 |
| Public Finance Authority RB for Roseman University of Health Sciences Series 2020
(BB/NR)(a) |
|
|
|
565,000 |
|
|
|
5.000 |
|
|
04/01/2040 |
|
641,405 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
04/01/2050 |
|
2,233,300 |
| Public Finance Authority RB Refunding for Blue Ridge Healthcare Obligated Group
Series 2020 A (A/A3) |
|
|
|
1,425,000 |
|
|
|
4.000 |
|
|
01/01/2045 |
|
1,623,189 |
|
|
|
1,900,000 |
|
|
|
3.000 |
|
|
01/01/2050 |
|
1,941,363 |
| Public Finance Authority RB Refunding for Coral Academy of Science Reno Series 2019
A (NR/NR)(a) |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
06/01/2050 |
|
2,047,910 |
| Public Finance Authority RB Refunding for Fellowship Senior Living Obligated Group
Series 2019 A (BBB+/NR) |
|
|
|
12,080,000 |
|
|
|
4.000 |
|
|
01/01/2052 |
|
11,973,817 |
| Public Finance Authority RB Refunding for Penick Village Obligated Group Series
2019 (NR/NR)(a) |
|
|
|
1,450,000 |
|
|
|
5.000 |
|
|
09/01/2049 |
|
1,488,860 |
|
|
|
1,360,000 |
|
|
|
5.000 |
|
|
09/01/2054 |
|
1,391,566 |
| Public Finance Authority RB Refunding for UMA Education, Inc. Project Series 2019 B
(BB/NR)(a) |
|
|
|
3,205,000 |
|
|
|
6.125 |
|
|
10/01/2049 |
|
3,237,210 |
| Public Finance Authority RB Refunding for UMA Education, Inc.
Series 2019 A
(BB/NR)(a) |
|
|
|
1,020,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
1,125,397 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
10/01/2039 |
|
384,240 |
| Public Finance Authority Retirement Communities RB Refunding for The Evergreens
Obligated Group Series 2019 A (BBB/NR) |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
11/15/2044 |
|
635,697 |
|
|
|
765,000 |
|
|
|
5.000 |
|
|
11/15/2049 |
|
842,303 |
| Public Finance Authority Student Housing RB for
CHF-Cullowhee, LLC-Western Carolina University Project Series 2015 A (BBB-/NR) |
|
|
|
3,250,000 |
|
|
|
5.250 |
|
|
07/01/2047 |
|
3,429,888 |
| Wisconsin Health & Educational Facilities Authority RB for Hmong American
Peace Academy Ltd. Series 2020 (BBB/NR) |
|
|
|
385,000 |
|
|
|
4.000 |
|
|
03/15/2040 |
|
429,044 |
|
|
|
1,115,000 |
|
|
|
5.000 |
|
|
03/15/2050 |
|
1,336,651 |
| Wisconsin Health & Educational Facilities Authority RB Refunding for
Lawrence University of Wisconsin Series 2020 (NR/Baa1) |
|
|
|
1,315,000 |
|
|
|
3.000 |
|
|
02/01/2042 |
|
1,346,257 |
|
|
|
435,000 |
|
|
|
4.000 |
|
|
02/01/2045 |
|
471,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
83,700,212 |
| |
| Wyoming – 0.4% |
| County of Campbell RB Refunding for Basin Electric Power Cooperative Series 2019 A
(A/A3) |
|
|
|
32,340,000 |
|
|
|
3.625 |
|
|
07/15/2039 |
|
35,469,218 |
| |
TOTAL MUNICIPAL BONDS
(Cost $8,440,947,881) |
|
$9,349,078,137 |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
| Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Corporate Bonds – 0.3% |
| Health Care Equipment & Services – 0.2% |
| CommonSpirit Health |
| $ |
|
|
1,293,000 |
|
|
|
4.350 |
% |
|
11/01/2042 |
|
$ 1,515,019 |
| Prime Healthcare Foundation, Inc. Series B |
|
|
|
16,525,000 |
|
|
|
7.000 |
|
|
12/01/2027 |
|
19,913,209 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,428,228 |
| |
| Real Estate(i) – 0.1% |
| Benloch Ranch Improvement Association No. 1 Series 2020 |
|
|
|
12,165,000 |
|
|
|
9.750 |
|
|
12/01/2039 |
|
11,967,562 |
| |
TOTAL CORPORATE BONDS
(Cost $29,610,910) |
|
$ 33,395,790 |
| |
TOTAL INVESTMENTS – 97.8%
(Cost $8,470,558,791) |
|
$9,382,473,927 |
| |
OTHER ASSETS IN EXCESS OF
LIABILITIES – 2.2% |
|
209,404,989 |
| |
| NET ASSETS – 100.0% |
|
$9,591,878,916 |
| |
|
|
|
|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
|
|
|
| * |
|
Security is currently in default and/or non-income producing. |
|
|
| (a) |
|
Exempt from registration under Rule 144A of the Securities Act of 1933. |
|
|
| (b) |
|
Zero coupon bond until next reset date. |
|
|
| (c) |
|
Issued with a zero coupon. Income is recognized through the accretion of discount. |
|
|
| (d) |
|
Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on December 31,
2020. |
|
|
| (e) |
|
Pre-refunded security. Maturity date disclosed is pre-refunding date. |
|
|
| (f) |
|
Variable Rate Demand Instruments – rate shown is that which is in effect on December 31, 2020. Certain variable rate securities are not based on a published reference rate and spread but are determined by the i3ssuer or
agent and are based on current market conditions. |
|
|
| (g) |
|
Security with “Put” features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on December 31, 2020. |
|
|
| (h) |
|
When-issued security. |
|
|
| (i) |
|
Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
|
|
|
|
| Security ratings disclosed, if any, are issued by either Standard & Poor’s, Moody’s Investor Service or Fitch and are unaudited. A brief description of the ratings is available in the Fund’s
Statement of Additional Information. |
|
|
|
| |
| Investment Abbreviations: |
| AGC |
|
— Insured by Assured Guaranty Corp. |
| AGC-ICC |
|
— Agency Insured Custody Certificate |
| AGM |
|
— Insured by Assured Guaranty Municipal Corp. |
| AGM-CR |
|
— Insured by Assured Guaranty Municipal Corp. Insured Custodial
Receipts |
| AMBAC |
|
— Insured by American Municipal Bond Assurance Corp. |
| AMT |
|
— Alternative Minimum Tax |
| ASSURED GTY |
|
— Insured by Assured Guaranty |
| BAM |
|
— Build America Mutual Assurance Co. |
| BHAC-CR |
|
— Insured by Berkshire Hathaway Assurance Corp. - Insured Custodial
Receipts |
| CA MTG INS |
|
— Insured by California Mortgage Insurance |
| COMWLTH GTD |
|
— Commonwealth Guaranteed |
| COPS |
|
— Certificates of Participation |
| ETM |
|
— Escrowed to Maturity |
| FGIC |
|
— Insured by Financial Guaranty Insurance Co. |
| GO |
|
— General Obligation |
| IDA |
|
— Industrial Development Authority |
| LIBOR |
|
— London Interbank Offered Rate |
| Mo. |
|
— Month |
| MUN GOVT GTD |
|
— Municipal Government Guaranteed |
| NATL-RE |
|
— Insured by National Public Finance Guarantee Corp. |
| NATL-RE-IBC |
|
— Insured by National Public Finance Guarantee Corp. - Insured Bond
Certificates |
| NR |
|
— Not Rated |
| PCRB |
|
— Pollution Control Revenue Bond |
| PILOT |
|
— Payment in Lieu of Taxes |
| Q-SBLF |
|
— Qualified School Board Loan Fund |
| RB |
|
— Revenue Bond |
| RMKT |
|
— Remarketed |
| SD CRED PROG |
|
— School District Credit Program |
| ST AID WITHHLDG |
|
— State Aid Withholding |
| ST APPROP |
|
— State Appropriation |
| USD |
|
— United States Dollar |
| WR |
|
— Withdrawn Rating |
| XLCA |
|
— Insured by XL Capital Assurance, Inc. |
| |
GOLDMAN SACHS HIGH YIELD MUNICIPAL FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION
SWAP CONTRACTS — At December 31, 2020, the Fund had the following swap contracts:
OVER THE COUNTER CREDIT DEFAULT SWAP CONTRACTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reference Obligation/Index(a) |
|
Financing Rate
Received (Paid) by
the Fund |
|
|
Credit
Spread at
December 31,
2020(b) |
|
|
Counterparty |
|
|
Termination
Date |
|
|
Notional
Amount
(000’s) |
|
|
Value |
|
|
Upfront
Premium
(Received)
Paid |
|
|
Unrealized
Appreciation/
(Depreciation) |
|
| |
|
| Protection Sold: |
|
|
|
|
| California State Various Purpose GO Bonds Series 2003, 5.000%, 11/01/2023 |
|
|
1.000% |
|
|
|
0.302% |
|
|
|
Bank of
America NA |
|
|
|
03/20/2023 |
|
|
|
USD 4,000 |
|
|
$ |
63,092 |
|
|
$ |
(43,937 |
) |
|
$ |
107,029 |
|
| California State Various Purpose GO Bonds Series 2003, 5.250%, 11/01/2023 |
|
|
1.700 |
|
|
|
0.223 |
|
|
|
JPMorgan
Chase Bank NA |
|
|
|
06/20/2021 |
|
|
|
10,000 |
|
|
|
75,170 |
|
|
|
— |
|
|
|
75,170 |
|
| California State Various Purpose GO Bonds Series 2003, 5.250%, 11/01/2023 |
|
|
1.000 |
|
|
|
0.302 |
|
|
|
|
|
|
|
03/20/2023 |
|
|
|
9,000 |
|
|
|
141,956 |
|
|
|
(98,860 |
) |
|
|
240,816 |
|
| California State Various Purpose GO Bonds Series 2003, 5.250%, 11/01/2023 |
|
|
1.000 |
|
|
|
0.326 |
|
|
|
|
|
|
|
09/20/2023 |
|
|
|
15,000 |
|
|
|
278,477 |
|
|
|
(189,766 |
) |
|
|
468,243 |
|
| Illinois State GO Bonds, Series A, 5.000%, 06/01/2029 |
|
|
1.830 |
|
|
|
1.974 |
|
|
|
|
|
|
|
06/20/2021 |
|
|
|
10,000 |
|
|
|
(1,101 |
) |
|
|
— |
|
|
|
(1,101 |
) |
| California State Various Purpose GO Bonds Series 2003, 5.250%, 11/01/2023 |
|
|
1.000 |
|
|
|
0.334 |
|
|
|
Morgan Stanley
Co., Inc. |
|
|
|
12/20/2023 |
|
|
|
10,000 |
|
|
|
199,353 |
|
|
|
(84,084 |
) |
|
|
283,437 |
|
| Illinois State GO Bonds, Series A, 5.000%, 06/01/2029 |
|
|
1.000 |
|
|
|
2.710 |
|
|
|
|
|
|
|
12/20/2023 |
|
|
|
10,000 |
|
|
|
(439,112 |
) |
|
|
(227,593 |
) |
|
|
(211,519 |
) |
| |
|
| TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
317,835 |
|
|
$ |
(644,240 |
) |
|
$ |
962,075 |
|
| |
|
| (a) |
|
Payments received quarterly. |
| (b) |
|
Credit spread on the referenced obligation, together with the period of expiration, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its counterparty
to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and term of the swap contract increase. |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – 93.8% |
| Alabama – 0.9% |
| Hoover Industrial Development Board RB for United States Steel Corp. Series 2019
(AMT) (B-/Caa2) |
| $ |
|
|
100,000 |
|
|
|
5.750 |
% |
|
10/01/2049 |
|
$ 97,617 |
| Houston County Health Care Authority RB for Southeast Alabama Medical Center Series
2016 A (BBB+/NR) |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
145,732 |
| Jefferson County Senior Lien Sewer RB Warrants Series 2013 A (AGM)
(AA/A2) |
|
|
|
200,000 |
|
|
|
5.500 |
|
|
10/01/2053 |
|
223,194 |
| Jefferson County Subordinate Lien Sewer RB Warrants Series 2013 D
(BBB/NR) |
|
|
|
30,000 |
|
|
|
6.500 |
|
|
10/01/2053 |
|
35,321 |
| Jefferson County Subordinate Lien Sewer RB Warrants Series 2013 F (BBB/NR)(a) |
|
|
|
125,000 |
|
|
|
0.000 |
|
|
10/01/2050 |
|
126,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
628,092 |
| |
| Alaska – 0.1% |
| Northern Tobacco Securitization Corp. RB Refunding Asset-Backed Bonds Series 2006 A
(NR/B3) |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
06/01/2046 |
|
76,108 |
| |
| Arizona – 2.0% |
| Arizona Health Facilities Authority Hospital RB for Banner Health Series 2007 B
(AA-/NR)(b) |
|
|
|
(3 Mo. LIBOR + 0.81%), |
|
|
|
|
|
470,000 |
|
|
|
0.961 |
|
|
01/01/2037 |
|
442,980 |
| Arizona Industrial Development Authority RB for Candeo Schools Obligated Group
Project Series 2020 A (SD CRED PROG) (AA-/NR) |
|
|
|
25,000 |
|
|
|
3.375 |
|
|
07/01/2041 |
|
26,196 |
| Estrella Mountain Ranch Community Facilities District Lucero Assessment District
No. 1 Special Assessment RB Series 2019 (NR/NR) |
|
|
|
99,000 |
|
|
|
4.750 |
|
|
07/01/2043 |
|
100,307 |
| Glendale Industrial Development Authority RB for People of Faith, Inc. Obligated
Group Series 2020 A (BBB-/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
05/15/2041 |
|
112,764 |
| Glendale Industrial Development Authority RB Refunding for Sun Health Services
Obligated Group Series 2019 A (A-/NR) |
|
|
|
140,000 |
|
|
|
5.000 |
|
|
11/15/2042 |
|
160,009 |
| Maricopa County Industrial Development Authority RB for Ottawa University Series 2020
(NR/NR)(c) |
|
|
|
25,000 |
|
|
|
5.125 |
|
|
10/01/2030 |
|
26,659 |
| Salt Verde Financial Corp. RB Gas Senior Series 2007-1 (BBB+/A3) |
|
|
|
315,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
449,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,318,310 |
| |
| Arkansas – 0.1% |
| Batesville Public Facilities Board RB Refunding for White River Health System
Obligated Group Series 2020 (BBB-/NR) |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
06/01/2027 |
|
56,610 |
| |
| California – 8.8% |
| Alvord Unified School District GO Bonds Capital Appreciation for 2007 Election
Series 2007 B (AGM) (AA/A2)(d) |
|
|
|
200,000 |
|
|
|
0.000 |
|
|
08/01/2036 |
|
135,092 |
| California County Tobacco Securitization Agency RB Refunding for Gold Country
Settlement Funding Corp. Series 2020 B-1 (BBB-/NR) |
|
|
|
25,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
27,579 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 A (BBB+/NR) |
|
|
|
50,000 |
|
|
|
4.000 |
|
|
06/01/2049 |
|
57,586 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 B-1 (BBB-/NR) |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
29,992 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
|
|
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 B-2 (NR/NR)(d) |
| $ |
|
|
250,000 |
|
|
|
0.000 |
% |
|
06/01/2055 |
|
$ 57,782 |
| California County Tobacco Securitization Agency Tobacco Settlement RB Capital
Appreciation Subordinate Series 2006 C (BB+/NR)(d) |
|
|
|
400,000 |
|
|
|
0.000 |
|
|
06/01/2055 |
|
47,340 |
| California Enterprise Development Authority RB for Provident Group-SDSU Properties
LLC - M@College Project Series 2020 A (NR/Baa3) |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
08/01/2045 |
|
59,829 |
| California Municipal Finance Authority Senior Lien RB for LAX Integrated Express
Solutions LLC Project Series 2018 A (AMT) (BBB-/NR) |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
12/31/2037 |
|
89,803 |
| California Public Finance Authority RB for Excelsior Charter School Project Series
2020 A (NR/NR)(c) |
|
|
|
55,000 |
|
|
|
5.000 |
|
|
06/15/2040 |
|
59,228 |
| California School Finance Authority RB for Lifeline Education Charter School, Inc.
Series 2020 A (BB+/NR)(c) |
|
|
|
365,000 |
|
|
|
3.000 |
|
|
07/01/2030 |
|
369,161 |
| California Statewide Communities Development Authority Infrastructure Program
Special Assessment Bonds Series 2019 A (NR/NR) |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
09/02/2048 |
|
58,992 |
| City & County of San Francisco Community Facilities District
No. 2016-1 Special Tax Bonds Series 2020 (NR/NR) |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
215,986 |
| City of Calimesa CA Community Facilities District No. 2018-1 Special Tax
Series 2020 (NR/NR) |
|
|
|
185,000 |
|
|
|
4.000 |
|
|
09/01/2033 |
|
209,703 |
| City of Ontario CA Community Facilities District No. 43 Special Tax Bonds
Series 2020 (NR/NR) |
|
|
|
25,000 |
|
|
|
3.000 |
|
|
09/01/2039 |
|
25,899 |
| City of Rocklin Community Facilities District No. 10 Special Tax Bonds Series
2019 (NR/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
09/01/2030 |
|
114,567 |
| City of Roseville Special Tax The Ranch at Sierra Vista Community Facilities District
No. 1 Series 2020 (NR/NR) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
09/01/2033 |
|
278,087 |
| City of Roseville Special Tax Villages at Sierra Vista Community Facilities
District No. 1 Series 2020 (NR/NR) |
|
|
|
25,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
27,417 |
| County of Madera Community Facilities District No. 2017-1 Special Tax Series
2020 (NR/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
09/01/2040 |
|
108,897 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds for Capital Appreciation Subseries 2007 B (CCC-/NR)(d) |
|
|
|
300,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
66,078 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-1 (NR/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
06/01/2047 |
|
103,728 |
| Inland Empire Tobacco Securitization Authority RB Turbo Asset-Backed Bonds for
Capital Appreciation Series 2007 C-1 (CCC/NR)(d) |
|
|
|
250,000 |
|
|
|
0.000 |
|
|
06/01/2036 |
|
91,622 |
| Los Angeles Department of Airports Subordinated RB Refunding
Series 2015 C
(A+/Aa3) |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
05/15/2028 |
|
325,875 |
| Los Angeles Department of Airports Subordinated RB Series 2018 C (AMT)
(A+/Aa3) |
|
|
|
60,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
75,395 |
| Modesto Irrigation District Financing Authority RB for Domestic Water Project
Series 2007 F (NATL-RE) (AA-/Baa2)(b) |
|
|
|
(3 Mo. LIBOR + 0.63%), |
|
|
|
|
|
25,000 |
|
|
|
0.781 |
|
|
09/01/2037 |
|
22,311 |
| Needles Unified School District GO Bonds 2011 B (AGM) (AA/A2)(a) |
|
|
|
865,000 |
|
|
|
0.000 |
|
|
08/01/2041 |
|
861,263 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Palomar Pomerado Health GO Bonds Capital Appreciation for Election of 2004 Series
2009 A (ASSURED GTY) (AA/A2)(d) |
| $ |
|
|
800,000 |
|
|
|
0.000 |
% |
|
08/01/2031 |
|
$ 665,960 |
|
|
|
50,000 |
|
|
|
0.000 |
|
|
08/01/2033 |
|
39,204 |
| Rancho Cordova Community Facilities District No. 2003-1 Special Tax Refunding for
Sunridge Anatolia Series 2016 (NR/NR) |
|
|
|
125,000 |
|
|
|
3.000 |
|
|
09/01/2034 |
|
129,418 |
| Sacramento County Sanitation District Financing Authority RB Refunding for
Sacramento County Regional Series 2007 B (NATL-RE) (AA/Aa2)(b) |
|
|
|
(3 Mo. LIBOR + 0.53%), |
|
|
|
|
|
200,000 |
|
|
|
0.681 |
|
|
12/01/2035 |
|
186,640 |
| Sacramento County Water Financing Authority RB for Water Agency Zones 40 & 41
2007 Water System Project Series 2007 B (NATL-RE) (A+/Aa3)(b) |
|
|
|
(3 Mo. LIBOR + 0.55%), |
|
|
|
|
|
100,000 |
|
|
|
0.701 |
|
|
06/01/2034 |
|
93,911 |
| San Diego Unified School District GO Refunding Bonds Series 2012 R-1 (AA-/Aa2)(d) |
|
|
|
300,000 |
|
|
|
0.000 |
|
|
07/01/2031 |
|
261,966 |
| San Francisco City & County Airport Commission RB for San Francisco
International Airport Series 2019 E (AMT) (A/A1) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
05/01/2050 |
|
566,800 |
| San Francisco City & County Airport Commission RB Refunding for San Francisco
International Airport Second Series 2016 A (A/A1) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
159,192 |
| San Gorgonio Memorial Health Care District GO Refunding Bonds Series 2020
(NR/Baa3) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
08/01/2032 |
|
114,173 |
| Tejon Ranch Public Facilities Financing Authority Special Tax for Community
Facilities District No. 2008-1 Series 2020 (NR/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
09/01/2050 |
|
106,099 |
| William S Hart Union High School District Community Facilities Dist No. 2015-1
Special Tax Bonds Series 2017 (NR/NR) |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
09/01/2047 |
|
28,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,870,694 |
| |
| Colorado – 3.7% |
| Citadel on Colfax Business Improvement District Senior RB
Series 2020 A
(NR/NR) |
|
|
|
125,000 |
|
|
|
5.350 |
|
|
12/01/2050 |
|
127,495 |
| Citadel on Colfax Business Improvement District Senior RB
Series 2020 B
(NR/NR) |
|
|
|
100,000 |
|
|
|
7.875 |
|
|
12/15/2050 |
|
101,690 |
| Colorado Health Facilities Authority RB for Parkview Medical Center, Inc. Obligated
Group Series 2020 A (NR/Baa1) |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
09/01/2045 |
|
229,234 |
| Colorado Health Facilities Authority RB Refunding for Adventist Health
System/Sunbelt Obligated Group Series 2019 A (AA/Aa2) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
11/15/2043 |
|
117,191 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
08/01/2039 |
|
463,252 |
| Denver City & County Airport RB Refunding Series 2018 A (AMT)
(A/A2) |
|
|
|
75,000 |
|
|
|
5.250 |
|
|
12/01/2048 |
|
91,424 |
| Denver Colorado City & County Special Facilities Airport RB Refunding for
United Air Lines, Inc. Project Series 2017 (AMT) (B/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
10/01/2032 |
|
104,867 |
| Denver Health & Hospital Authority RB Refunding Series 2019 A
(BBB/NR) |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
12/01/2033 |
|
415,943 |
| E-470 Public Highway Authority RB Series 2004 A (NATL-RE)
(A/A2)(d) |
|
|
|
20,000 |
|
|
|
0.000 |
|
|
09/01/2034 |
|
15,555 |
| E-470 Public Highway Authority RB Series 2004 B (NATL-RE)
(A/A2)(d) |
|
|
|
110,000 |
|
|
|
0.000 |
|
|
09/01/2030 |
|
95,275 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Regional Transportation District RB Refunding for Denver Transit Partners LLC
Series 2020 A (A-/Baa2) |
| $ |
|
|
20,000 |
|
|
|
5.000 |
% |
|
01/15/2027 |
|
$ 24,756 |
|
|
|
15,000 |
|
|
|
5.000 |
|
|
07/15/2027 |
|
18,751 |
| South Sloan’s Lake Metropolitan District No. 2 GO Improvement Bonds Series
2019 (AGM) (AA/Baa3) |
|
|
|
65,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
79,747 |
| Sterling Ranch Community Authority Board RB Refunding for Sterling Ranch Colorado
Metropolitan District No. 2 Series 2020 A (NR/NR) |
|
|
|
575,000 |
|
|
|
3.375 |
|
|
12/01/2030 |
|
592,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,478,005 |
| |
| Connecticut – 0.0% |
| City of New Haven GO Bonds Series 2018 A (BBB+/NR) |
|
|
|
25,000 |
|
|
|
5.500 |
|
|
08/01/2029 |
|
30,548 |
| |
| Delaware – 0.2% |
| Town of Bridgeville Special Tax Refunding for Heritage Shores Special Development
District Series 2020 (NR/Baa3) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
07/01/2030 |
|
110,974 |
| |
| District of Columbia – 0.3% |
| District of Columbia Tobacco Settlement Financing Corp. RB Asset-Backed Bonds
Series 2001 (A-/Baa1) |
|
|
|
195,000 |
|
|
|
6.500 |
|
|
05/15/2033 |
|
216,462 |
| |
| Florida – 16.0% |
| Academical Village Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
|
100,000 |
|
|
|
3.250 |
|
|
05/01/2031 |
|
103,751 |
| Alta Lakes Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
55,000 |
|
|
|
3.750 |
|
|
05/01/2029 |
|
58,706 |
| Aviary at Rutland Ranch Community Development District Special Assessment Refunding
for Area 1 Project Series 2019 (NR/NR)(c) |
|
|
|
80,000 |
|
|
|
3.625 |
|
|
06/01/2024 |
|
82,042 |
| Bellagio Community Development District Special Assessment Bonds Series 2013
(BBB/NR) |
|
|
|
45,000 |
|
|
|
6.000 |
|
|
11/01/2027 |
|
52,601 |
| Belmont II Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
100,000 |
|
|
|
3.625 |
|
|
12/15/2040 |
|
102,735 |
| Capital Trust Agency Student Housing RB for American Eagle Obligated Group Series
2018 A-1 (NR/NR) |
|
|
|
100,000 |
|
|
|
5.875 |
|
|
07/01/2054 |
|
80,125 |
| Capital Trust Agency Student Housing RB for University Bridge LLC Series 2018 A
(NR/Ba2)(c) |
|
|
|
250,000 |
|
|
|
5.250 |
|
|
12/01/2058 |
|
265,130 |
| Capital Trust Agency, Inc. RB for Liza Jackson Preparatory School, Inc. Series 2020
A (NR/Baa3) |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
08/01/2030 |
|
228,682 |
| Capital Trust Agency, Inc. RB for University Bridge LLC Series 2018 A (NR/Ba2)(c) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
12/01/2028 |
|
103,076 |
|
|
|
100,000 |
|
|
|
5.250 |
|
|
12/01/2043 |
|
107,345 |
| Century Gardens at Tamiami Community Development District Special Assessment
Refunding Series 2016 (BBB/NR) |
|
|
|
30,000 |
|
|
|
4.250 |
|
|
05/01/2037 |
|
32,915 |
| Chapel Crossings Community Development District Special Assessment Series 2020
(NR/NR)(c) |
|
|
|
100,000 |
|
|
|
3.700 |
|
|
05/01/2040 |
|
101,735 |
| City of Jacksonville RB Refunding for Genesis Health, Inc. Obligated Group Series
2020 (A/NR) |
|
|
|
145,000 |
|
|
|
4.000 |
|
|
11/01/2039 |
|
167,694 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
|
|
| City of Pompano Beach RB Refunding for John Knox Village of Florida, Inc. Obligated
Group Series 2020 (A-/NR) |
| $ |
|
|
125,000 |
|
|
|
3.250 |
% |
|
09/01/2025 |
|
$ 136,379 |
| Copperspring Community Development District Special Assessment Bonds Series 2019
(NR/NR) |
|
|
|
100,000 |
|
|
|
3.500 |
|
|
12/15/2029 |
|
104,441 |
| Coral Keys Homes Community Development District Special Assessment Bonds Series
2020 (NR/NR) |
|
|
|
170,000 |
|
|
|
3.125 |
|
|
05/01/2030 |
|
175,046 |
| County of Broward RB for Port Facilities Senior Bonds Series 2019 B (AMT)
(A/A1) |
|
|
|
40,000 |
|
|
|
5.000 |
|
|
09/01/2035 |
|
50,597 |
| Cypress Bluff Community Development District Special Assessment for Del WEBB
Project Series 2020 A (NR/NR)(c) |
|
|
|
265,000 |
|
|
|
2.700 |
|
|
05/01/2025 |
|
267,629 |
|
|
|
310,000 |
|
|
|
3.125 |
|
|
05/01/2030 |
|
318,767 |
| Cypress Park Estates Community Development District Special Assessment Area 1
Project Series 2020 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
2.625 |
|
|
05/01/2025 |
|
100,433 |
| DG Farms Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
|
400,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
399,984 |
| Eden Hills Community Development District Special Assessment
Series 2020
(NR/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
103,783 |
| Enbrook Community Development District Special Assessment
Series 2020 (NR/NR)(c) |
|
|
|
135,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
142,858 |
| Escambia County Health Facilities Authority RB Refunding for Baptist Hospital, Inc.
Project Series 2020 A (BBB+/Baa2) |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
08/15/2045 |
|
417,619 |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
08/15/2050 |
|
110,288 |
| Evergreen Community Development District Special Assessment RB Series 2019 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/01/2039 |
|
110,328 |
| Fiddlers Creek Community Development District No. 2 Special Assessment Refunding
Series 2019 (NR/NR) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
05/01/2035 |
|
236,330 |
| Florida Development Finance Corp. RB for Discovery High School & Discovery
Academy of Lake Alfred Obligated Group Series 2020 A (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
06/01/2030 |
|
103,243 |
| Florida Development Finance Corp. RB for Mayflower Retirement Center, Inc.
Obligated Group Series 2020 A (BB+/NR)(c) |
| 100,000 |
|
|
|
5.125 |
|
|
06/01/2040 |
|
111,898 |
| Florida Development Finance Corp. RB for United Cerebral Palsy of Central Florida,
Inc. Series 2020 A (NR/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
06/01/2030 |
|
102,971 |
| Florida Development Finance Corp. RB Refunding for Brightline Trains Florida LLC
Series 2019 B (AMT) (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
7.375 |
|
|
01/01/2049 |
|
97,772 |
| Florida Development Finance Corp. RB Refunding for Nova Southeastern University,
Inc. Series 2020 A (A-/Baa1) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
04/01/2028 |
|
125,280 |
| Florida Development Finance Corp. RB Refunding for Virgin Trains USA Florida LLC
Series 2019 A (AMT) (NR/NR)(c)(e)(f) |
|
|
|
100,000 |
|
|
|
6.375 |
|
|
01/01/2026 |
|
96,798 |
| Florida Higher Educational Facilities Financial Authority RB Ringling College of
Art and Design, Inc. Series 2017 (BBB+/NR) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
03/01/2047 |
|
166,444 |
| Flow Way Community Development District Special Assessment Bonds for Phase 7 &
8 Project Series 2019 (NR/NR) |
|
|
|
125,000 |
|
|
|
3.700 |
|
|
11/01/2029 |
|
133,527 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
|
|
| Grand Oaks Community Development District Special Assessment Bonds Assessment Area
2 Series 2020 (NR/NR) |
| $ |
|
|
100,000 |
|
|
|
4.000 |
% |
|
05/01/2030 |
|
$ 104,498 |
| Grand Oaks Community Development District Special Assessment RB Series 2019 A
(NR/NR) |
|
|
|
50,000 |
|
|
|
3.750 |
|
|
11/01/2024 |
|
51,293 |
|
|
|
50,000 |
|
|
|
4.750 |
|
|
11/01/2039 |
|
54,671 |
| Gulfstream Polo Community Development District Special Assessment Phase#2 Project
Series 2019 (NR/NR) |
|
|
|
100,000 |
|
|
|
3.500 |
|
|
11/01/2030 |
|
105,073 |
|
|
|
50,000 |
|
|
|
4.375 |
|
|
11/01/2049 |
|
53,667 |
| Herons Glen Recreation District Special Assessment Refunding Bonds Series 2020
(BAM) (AA/NR) |
|
|
|
60,000 |
|
|
|
3.000 |
|
|
05/01/2036 |
|
63,368 |
| Highland Meadows West Community Development District Special Assessment for
Assessment Area 3 Series 2020 A (NR/NR) |
|
|
|
100,000 |
|
|
|
2.875 |
|
|
05/01/2025 |
|
101,382 |
| Hillcrest Community Development District Special Assessment Bonds for Capital
Improvement Program Series 2018 (NR/NR) |
|
|
|
95,000 |
|
|
|
5.000 |
|
|
11/01/2048 |
|
107,830 |
| Hills Minneola Community Development District Special Assessments for South Parcel
Assessment Area Series 2020 (NR/NR)(c) |
|
|
|
25,000 |
|
|
|
3.500 |
|
|
05/01/2031 |
|
26,200 |
| Kindred Community Development District II Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
100,000 |
|
|
|
3.500 |
|
|
05/01/2040 |
|
102,724 |
| Lakewood Ranch Stewardship District Special Assessment for Azario Project Series
2019 (NR/NR) |
|
|
|
85,000 |
|
|
|
3.400 |
|
|
05/01/2030 |
|
88,822 |
| Lakewood Ranch Stewardship District Special Assessment for Azario Project Series
2020 A (NR/NR) |
|
|
|
100,000 |
|
|
|
3.200 |
|
|
05/01/2030 |
|
103,211 |
| Lakewood Ranch Stewardship District Special Assessment for Lorraine Lakes Project
Series 2020 (NR/NR)(c) |
|
|
|
200,000 |
|
|
|
2.500 |
|
|
05/01/2025 |
|
202,034 |
| Lakewood Ranch Stewardship District Special Assessment for Northeast Sector Phase
2A Project Series 2019 (NR/NR) |
|
|
|
125,000 |
|
|
|
3.250 |
|
|
05/01/2029 |
|
128,946 |
| Lakewood Ranch Stewardship District Special Assessment RB for Indigo Expansion Area
Project Series 2019 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
05/01/2049 |
|
103,901 |
| Lakewood Ranch Stewardship District Special Assessment RB Refunding for Country
Club East Project Series 2020 (AGM) (AA/NR) |
|
|
|
60,000 |
|
|
|
2.000 |
|
|
05/01/2028 |
|
62,993 |
|
|
|
70,000 |
|
|
|
2.000 |
|
|
05/01/2029 |
|
72,810 |
| Landings at Miami Community Development District Special Assessment Bonds Series
2018 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
4.750 |
|
|
11/01/2048 |
|
107,987 |
| Landmark at Doral Community Development District Subordinate Special Assessment
Refunding for North Parcel Assessment Area
Series 2019 A-2 (NR/NR) |
|
|
|
75,000 |
|
|
|
4.000 |
|
|
05/01/2038 |
|
80,175 |
| Live Oak Lake Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
195,000 |
|
|
|
3.125 |
|
|
05/01/2025 |
|
197,153 |
| Miami RB Refunding for Miami Tunnel Project Series 2012 (AA-/Aa3)(c) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
03/01/2030 |
|
219,220 |
| Miami RB Refunding Parking System Series 2019 (BAM) (AA/A2) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
10/01/2038 |
|
118,419 |
| North Powerline Road Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
100,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
100,469 |
| Palm Glades Community Development District Special Assessment Bonds Series 2020
(NR/NR)(c) |
|
|
|
60,000 |
|
|
|
3.250 |
|
|
05/01/2024 |
|
61,400 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Palm Glades Community Development District Special Assessment Refunding Bonds
Series 2016 (A/NR) |
| $ |
|
|
100,000 |
|
|
|
4.000 |
% |
|
05/01/2036 |
|
$ 110,814 |
| Parkview at Long Lake Ranch Community Development District Special Assessment
Series 2020 (NR/NR) |
|
|
|
155,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
159,673 |
| Pine Ridge Plantation Community Development District Special Assessment Refunding
Bonds 2020 A-1 (AGM) (AA/NR) |
|
|
|
210,000 |
|
|
|
2.625 |
|
|
05/01/2034 |
|
214,408 |
| Pine Ridge Plantation Community Development District Special Assessment Refunding
Bonds 2020 A-2 (NR/NR) |
|
|
|
100,000 |
|
|
|
2.750 |
|
|
05/01/2025 |
|
101,033 |
| Portico Community Development District Special Assessment Refunding Series 2020-1
(NR/NR) |
|
|
|
125,000 |
|
|
|
3.500 |
|
|
05/01/2037 |
|
127,395 |
| Preserve at South Branch Community Development District Special Assessment Phase 2
RB Series 2019 (NR/NR) |
|
|
|
100,000 |
|
|
|
3.500 |
|
|
11/01/2030 |
|
103,913 |
| Sampson Creek Community Development District Special Assessment Bonds Series 2020
(AGM) (AA/NR) |
|
|
|
100,000 |
|
|
|
2.625 |
|
|
05/01/2040 |
|
104,097 |
| Sandmine Road Community Development District Special Assessment for Assessment Area
One Series 2020 (NR/NR)(c) |
|
|
|
90,000 |
|
|
|
2.625 |
|
|
05/01/2025 |
|
90,931 |
| Scenic Highway Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
50,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
49,998 |
| South Kendall Community Development District Special Assessment Refunding Series
2016 (BBB/NR) |
|
|
|
25,000 |
|
|
|
4.000 |
|
|
11/01/2031 |
|
27,912 |
| St. Johns County Industrial Development Authority RB Refunding Presbyterian
Retirement Communities, Inc. Obligated Group
Series 2020 A (A-/NR) |
|
|
|
150,000 |
|
|
|
4.000 |
|
|
08/01/2055 |
|
161,767 |
| Stoneybrook South at Championsgate Community Development District Special
Assessment Bonds Series 2019 (NR/NR) |
|
|
|
50,000 |
|
|
|
4.500 |
|
|
06/15/2039 |
|
54,978 |
| Storey Park Community Development District Special Assessment Bonds for Assessment
Area Three Project Series 2019 (NR/NR)(c) |
|
|
|
60,000 |
|
|
|
3.750 |
|
|
06/15/2029 |
|
63,720 |
| Summer Woods Community Development District Special Assessment for Assessment Area
Two Project Series 2020 (NR/NR) |
|
|
|
80,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
82,801 |
| Summerstone Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
130,000 |
|
|
|
2.500 |
|
|
05/01/2025 |
|
131,426 |
| Talis Park Community Development District Capital Improvement RB Refunding
Subordinate Series 2016 A-2 (NR/NR) |
|
|
|
50,000 |
|
|
|
4.000 |
|
|
05/01/2033 |
|
51,991 |
| Towne Park Community Development District Special Assessment Area 3D Project Series
2020 (NR/NR)(c) |
|
|
|
75,000 |
|
|
|
3.625 |
|
|
05/01/2040 |
|
75,174 |
| Trevesta Community Development District Special Assessment Area 2 Project Series
2020 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
3.250 |
|
|
05/01/2030 |
|
102,577 |
| TSR Community Development District Special Assessment RB for Downtown Neighborhood
Assessment Area Series 2019 (NR/NR) |
|
|
|
100,000 |
|
|
|
3.375 |
|
|
11/01/2030 |
|
104,349 |
| University Park Recreation District Special Assessment Series 2019 (BAM)
(AA/NR) |
|
|
|
85,000 |
|
|
|
3.375 |
|
|
05/01/2045 |
|
94,875 |
| Verandah East Community Development District Special Assessment Refunding &
Improvement RB Series 2016 (NR/NR) |
|
|
|
50,000 |
|
|
|
4.125 |
|
|
05/01/2034 |
|
52,370 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Villa Portofino East Community Development District Special Assessment Refunding
Series 2019 (NR/NR) |
| $ |
|
|
100,000 |
|
|
|
3.750 |
% |
|
05/01/2037 |
|
$ 105,498 |
| Village Community Development District No. 13 Special Assessment RB Series 2019
(NR/NR) |
|
|
|
100,000 |
|
|
|
2.625 |
|
|
05/01/2024 |
|
101,866 |
| Village Community Development District No. 13 Special Assessment RB Series 2020
(NR/NR)(c) |
|
|
|
50,000 |
|
|
|
1.875 |
|
|
05/01/2025 |
|
50,619 |
|
|
|
50,000 |
|
|
|
2.625 |
|
|
05/01/2030 |
|
51,583 |
|
|
|
50,000 |
|
|
|
3.000 |
|
|
05/01/2035 |
|
51,595 |
| Villamar Community Development District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
100,000 |
|
|
|
3.750 |
|
|
05/01/2040 |
|
102,531 |
| West Port Community Development District Special Assessment Bonds Series 2020
(NR/NR)(c) |
|
|
|
125,000 |
|
|
|
4.000 |
|
|
05/01/2040 |
|
132,241 |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
05/01/2051 |
|
104,422 |
| West Villages Improvement District Unit of Development No. 7 Master Infrastructure
Special Assessment RB Series 2019 (NR/NR) |
|
|
|
50,000 |
|
|
|
4.750 |
|
|
05/01/2039 |
|
55,109 |
| Wildblue Community Development District Special Assessment Bonds Series 2019
(NR/NR)(c) |
|
|
|
150,000 |
|
|
|
4.250 |
|
|
06/15/2039 |
|
164,066 |
| Willow Walk Community Development District Special Assessment Series 2017
(NR/NR) |
|
|
|
75,000 |
|
|
|
3.500 |
|
|
05/01/2023 |
|
76,424 |
| Wiregrass II Community Development District Special Assessment Series 2020
(NR/NR) |
|
|
|
100,000 |
|
|
|
3.700 |
|
|
05/01/2040 |
|
102,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,682,214 |
| |
| Georgia – 0.2% |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2019 A (A-/A3) |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
05/15/2049 |
|
113,061 |
| |
| Guam – 0.4% |
| Guam Department of Education COPS Refunding for John F. Kennedy High School &
Energy Efficiency Project Series 2020 A (B+/Ba2) |
|
|
|
25,000 |
|
|
|
3.625 |
|
|
02/01/2025 |
|
25,153 |
|
|
|
60,000 |
|
|
|
4.250 |
|
|
02/01/2030 |
|
61,783 |
| Guam Government Business Privilege Tax RB Refunding Series 2015 D
(BB/NR) |
|
|
|
70,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
74,607 |
| Guam Government Business Privilege Tax RB Series 2012 B-1 (BB/NR) |
|
|
|
30,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
30,972 |
| Guam Waterworks Authority RB Refunding for Water & Wastewater System Series
2017 (A-/Baa2) |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
07/01/2037 |
|
88,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
281,468 |
| |
| Illinois – 18.7% |
| Chicago Illinois Board of Education GO Bonds Capital Appreciation for School Reform
Series 1999 A (NATL-RE) (BB-/Baa2)(d) |
|
|
|
245,000 |
|
|
|
0.000 |
|
|
12/01/2029 |
|
189,172 |
| Chicago Illinois Board of Education GO Refunding Bonds Capital Appreciation for
School Reform Series 1999 A (NATL-RE)
(BB-/Baa2)(d) |
|
|
|
85,000 |
|
|
|
0.000 |
|
|
12/01/2031 |
|
60,816 |
| Chicago Illinois Board of Education GO Refunding Bonds Series 2005 A (AMBAC)
(BB-/B1) |
|
|
|
30,000 |
|
|
|
5.500 |
|
|
12/01/2026 |
|
34,485 |
| Chicago Illinois Board of Education GO Refunding Bonds Series 2010 F
(BB-/B1) |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
12/01/2031 |
|
325,481 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago Illinois Board of Education Unlimited Tax GO Bonds for Capital Appreciation
Boards School Reform Series 1998 B-1
(NATL-RE) (BB-/Baa2)(d) |
| $ |
|
|
295,000 |
|
|
|
0.000 |
% |
|
12/01/2025 |
|
$ 263,485 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2016 A (BB-/NR) |
|
|
|
100,000 |
|
|
|
7.000 |
|
|
12/01/2044 |
|
119,604 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2016 B (BB-/NR) |
|
|
|
100,000 |
|
|
|
6.500 |
|
|
12/01/2046 |
|
119,222 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2018 A (AGM) (AA/NR) |
|
|
|
455,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
552,702 |
| Chicago Illinois GO Bonds Project Series 2011 A (BBB+/Ba1) |
|
|
|
530,000 |
|
|
|
5.250 |
|
|
01/01/2035 |
|
530,964 |
|
|
|
60,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
60,068 |
| Chicago Illinois GO Bonds Project Series 2012 A (BBB+/Ba1) |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
01/01/2033 |
|
76,318 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
101,706 |
| Chicago Illinois GO Refunding Bonds Series 2017 A (BBB+/NR) |
|
|
|
375,000 |
|
|
|
6.000 |
|
|
01/01/2038 |
|
438,712 |
| Chicago Illinois O’Hare International Airport RB Refunding General Airport
Senior Lien Series 2016 C (A/NR) |
|
|
|
55,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
64,575 |
| Chicago Illinois O’Hare International Airport RB Refunding General Airport
Senior Lien Series 2016 D (A/NR) |
|
|
|
910,000 |
|
|
|
5.250 |
|
|
01/01/2035 |
|
1,111,419 |
| Chicago Illinois Second Lien RB Refunding for Wastewater Transmission RMKT 10/19/15
Series 2008 C (A/NR) |
|
|
|
570,000 |
|
|
|
5.000 |
|
|
01/01/2039 |
|
648,626 |
| Chicago Illinois Water RB Refunding Second Lien Project Series 2012
(A/Baa2) |
|
|
|
55,000 |
|
|
|
5.000 |
|
|
11/01/2042 |
|
58,486 |
| City of Chicago GO Bonds for Neighborhoods Alive 21 Program
Series 2002 B
(BBB+/Ba1) |
|
|
|
200,000 |
|
|
|
5.500 |
|
|
01/01/2037 |
|
219,498 |
| Cook County Illinois GO Refunding Bonds Series 2010 A (A+/A2) |
|
|
|
175,000 |
|
|
|
5.250 |
|
|
11/15/2033 |
|
175,452 |
| Illinois Finance Authority RB for Roosevelt University Series 2019 A (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
6.125 |
|
|
04/01/2049 |
|
109,837 |
| Illinois Finance Authority RB for University of Illinois Series 2020
(BBB+/NR) |
|
|
|
305,000 |
|
|
|
5.000 |
|
|
10/01/2033 |
|
390,165 |
| Illinois Finance Authority RB Refunding for Illinois Wesleyan University Series
2016 (A-/Baa2) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
09/01/2046 |
|
222,362 |
| Illinois Sales Tax Securitization Corp. RB Refunding Second Lien
Series 2020 A
(AA-/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
112,924 |
| Illinois State GO Bonds Pension Funding Series 2003 (BBB-/Baa3) |
|
|
|
155,000 |
|
|
|
5.100 |
|
|
06/01/2033 |
|
166,813 |
| Illinois State GO Bonds Series 2016 (BBB-/Baa3) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
06/01/2033 |
|
1,060,420 |
| Illinois State GO Bonds Series 2017 A (BBB-/Baa3) |
|
|
|
35,000 |
|
|
|
4.500 |
|
|
12/01/2041 |
|
38,014 |
| Illinois State GO Bonds Series 2017 D (BBB-/Baa3) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
102,831 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
11/01/2028 |
|
678,252 |
| Illinois State GO Bonds Series 2018 A (BBB-/Baa3) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
05/01/2032 |
|
865,793 |
| Illinois State GO Bonds Series 2020 (BBB-/Baa3) |
|
|
|
1,000,000 |
|
|
|
5.500 |
|
|
05/01/2030 |
|
1,247,300 |
|
|
|
50,000 |
|
|
|
5.500 |
|
|
05/01/2039 |
|
60,502 |
|
|
|
290,000 |
|
|
|
5.750 |
|
|
05/01/2045 |
|
352,248 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Illinois State GO Refunding Bonds Series 2018 B (BBB-/Baa3) |
| $ |
|
|
375,000 |
|
|
|
5.000 |
% |
|
10/01/2031 |
|
$ 437,145 |
| Illinois State Sales Tax RB Refunding Junior Obligation Series 2016 C
(BBB/NR) |
|
|
|
260,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
273,663 |
| Metropolitan Pier & Exposition Authority RB Capital Appreciation for McCormick
Place Expansion Series 2002 A (NATL-RE) (BBB/Baa2)(d) |
|
|
|
90,000 |
|
|
|
0.000 |
|
|
12/15/2032 |
|
67,125 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2012 B (ST APPROP) (BBB/NR) |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
12/15/2028 |
|
349,077 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2017 B (BBB/NR)(d) |
|
|
|
35,000 |
|
|
|
0.000 |
|
|
12/15/2054 |
|
9,021 |
| Metropolitan Pier & Exposition Authority RB Refunding for McCormick Place
Expansion Project Series 2020 A (BBB/NR) |
|
|
|
65,000 |
|
|
|
4.000 |
|
|
06/15/2050 |
|
69,068 |
| Springfield Electric RB Refunding Senior Lien Series 2015 (A/A3) |
|
|
|
60,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
60,430 |
| State of Illinois GO Bonds Series 2017 A (BBB-/Baa3) |
|
|
|
580,000 |
|
|
|
4.250 |
|
|
12/01/2040 |
|
622,671 |
| State of Illinois GO Bonds Series 2017 D (BBB-/Baa3) |
|
|
|
30,000 |
|
|
|
3.250 |
|
|
11/01/2026 |
|
30,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,477,302 |
| |
| Indiana – 0.5% |
| Indiana Finance Authority RB for Goshen Health Obligated Group
Series 2019 B
(A-/NR)(e)(f) |
|
|
|
35,000 |
|
|
|
2.100 |
|
|
11/01/2026 |
|
37,337 |
| Indiana Finance Authority RB Ohio Valley Electric Corp. Series 2010 A
(NR/Ba1) |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
11/01/2030 |
|
106,719 |
| Indiana Municipal Power Agency RB Refunding Series 2016 A
(A+/A1) |
|
|
|
135,000 |
|
|
|
5.000 |
|
|
01/01/2042 |
|
160,360 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
304,416 |
| |
| Kentucky – 0.7% |
| County of Trimble RB for Louisville Gas and Electric Co. Series 2016 A (AMT) (A/A1)(e)(f) |
|
|
|
250,000 |
|
|
|
1.300 |
|
|
09/01/2027 |
|
253,588 |
| Kentucky Economic Development Finance Authority Hospital RB Refunding for Owensboro
Medical Health System, Inc. Series 2017 A (AGM) (AA/A2) |
|
|
|
75,000 |
|
|
|
4.000 |
|
|
06/01/2045 |
|
83,288 |
| Louisville & Jefferson County Metropolitan Government RB for Norton Healthcare
Obligated Group Series 2020 A (A/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
10/01/2040 |
|
116,895 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
453,771 |
| |
| Louisiana – 0.8% |
| Louisiana Local Government Environmental Facilities & Community Development
Authority RB Refunding for Westlake Chemical Corp. Projects Series 2017 (BBB-/Baa2) |
|
|
|
25,000 |
|
|
|
3.500 |
|
|
11/01/2032 |
|
27,683 |
| New Orleans Aviation Board General Airport RB for North Terminal Project Series
2017 B (AMT) (A-/A2) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
01/01/2048 |
|
231,772 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp.
Series 2017
B-1 (BBB-/Baa3)(e)(f) |
|
|
|
250,000 |
|
|
|
2.125 |
|
|
07/01/2024 |
|
256,150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
515,605 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Maine – 0.7% |
| Maine Health & Higher Educational Facilities Authority RB for Maine Medical
Center Series 2020 A (A+/A1) |
| $ |
|
|
400,000 |
|
|
|
4.000 |
% |
|
07/01/2045 |
|
$ 465,560 |
| |
| Maryland – 1.6% |
| Frederick County Urbana Community Development Authority Special Tax Refunding
Series 2020 B (NR/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
07/01/2040 |
|
103,562 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for
Adventist Healthcare Obligated Group Series 2020 (NR/Baa3) |
|
|
|
865,000 |
|
|
|
4.000 |
|
|
01/01/2038 |
|
985,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,088,901 |
| |
| Massachusetts – 0.2% |
| Massachusetts Development Finance Agency RB Refunding for Milford Regional Medical
Center Obligated Group Series 2020 G (BB+/NR)(c) |
|
|
|
120,000 |
|
|
|
5.000 |
|
|
07/15/2023 |
|
130,536 |
| Massachusetts State GO Bonds Consolidated Loan Series 2007 A (NATL-RE) (AA/Aa1)(b) |
|
|
|
(3 Mo. LIBOR + 0.57%), |
|
|
|
|
|
30,000 |
|
|
|
0.714 |
|
|
05/01/2037 |
|
29,037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
159,573 |
| |
| Michigan – 2.7% |
| City of Detroit Financial Recovery GO Bonds Series 2014 B-1
(NR/NR)(f) |
|
|
|
255,000 |
|
|
|
4.000 |
|
|
04/01/2034 |
|
206,614 |
| City of Detroit GO Bonds Series 2020 (BB-/Ba3) |
|
|
|
205,000 |
|
|
|
5.500 |
|
|
04/01/2045 |
|
237,492 |
|
|
|
205,000 |
|
|
|
5.500 |
|
|
04/01/2050 |
|
236,238 |
| Detroit Downtown Development Authority RB Refunding for Catalyst Development
Project Series 2018 A (AGM) (AA/NR) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
276,980 |
| Grand Rapids Charter Township Economic Development Corp. RB Refunding for United
Methodist Retirement Communities, Inc. Obligated Group Series 2020 (BBB-/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
05/15/2037 |
|
112,671 |
| Michigan Finance Authority Hospital RB for Henry Ford Health System Obligated Group
Series 2019 A (A/A2) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/15/2048 |
|
125,593 |
| Michigan Finance Authority Hospital RB for McLaren Health Care Corp. Obligated
Group Series 2019 A (AA-/A1) |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
02/15/2047 |
|
253,088 |
| Michigan Finance Authority Tobacco Settlement RB Refunding
Series 2020 B-1 Class
2 (BBB-/NR) |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
06/01/2049 |
|
30,380 |
| Michigan Finance Authority Tobacco Settlement RB Refunding
Series 2020 B-2 Class
2 (NR/NR)(d) |
|
|
|
1,000,000 |
|
|
|
0.000 |
|
|
06/01/2065 |
|
122,510 |
| Star International Academy RB Refunding Series 2020 (BBB/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
03/01/2030 |
|
114,863 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
03/01/2033 |
|
113,521 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,829,950 |
| |
| Minnesota – 0.0% |
| Duluth Independent School District No.709 COPS Refunding
Series 2019 A
(NR/Ba2) |
|
|
|
25,000 |
|
|
|
4.000 |
|
|
03/01/2032 |
|
26,052 |
| |
| Mississippi – 0.2% |
| Mississippi Business Finance Corp. System Energy Resources Inc. RB Series 2019
(BBB+/Baa3) |
|
|
|
60,000 |
|
|
|
2.500 |
|
|
04/01/2022 |
|
60,244 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Mississippi – (continued) |
| Warren County RB Refunding for International Paper Company,
Series 2020 B (AMT)
(BBB/Baa2)(e)(f) |
| $ |
|
|
75,000 |
|
|
|
1.600 |
% |
|
06/16/2025 |
|
$ 78,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
138,834 |
| |
| Nebraska – 0.0% |
| Central Plains Energy Project RB Refunding Series 2019 (AA/Aa2)(e)(f) |
|
|
|
25,000 |
|
|
|
4.000 |
|
|
08/01/2025 |
|
28,715 |
| |
| Nevada – 0.4% |
| County of Clark Department of Aviation RB Refunding for Jet Aviation Fuel Tax
Series 2013 A (AMT) (A/A1) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
162,787 |
| Tahoe-Douglas Visitors Authority RB Series 2020 (NR/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
111,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
274,638 |
| |
| New Hampshire – 0.1% |
| New Hampshire Business Finance Authority RB Refunding for United Illuminating Co.
(The) Series 2003 A (A-/Baa1)(e)(f) |
|
|
|
40,000 |
|
|
|
2.800 |
|
|
10/02/2023 |
|
42,084 |
| |
| New Jersey – 4.9% |
| Atlantic City Tax Appeal Refunding Bonds Series 2017 A (BAM) (ST AID WITHHLDG)
(AA/Baa1) |
|
|
|
40,000 |
|
|
|
5.000 |
|
|
03/01/2032 |
|
48,586 |
| New Jersey Economic Development Authority Motor Vehicle Surcharges RB Refunding
Subordinate Series 2017 A (BBB/Baa3) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
07/01/2032 |
|
111,025 |
| New Jersey Economic Development Authority RB Series 1997 A (NATL-RE)
(BBB/Baa1) |
|
|
|
50,000 |
|
|
|
7.425 |
|
|
02/15/2029 |
|
64,446 |
| New Jersey Educational Facilities Authority RB for Stevens Institute of Technology
Series 2020 A (BBB+/NR) |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
31,188 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
07/01/2045 |
|
121,312 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2008 A (BBB/Baa1)(d) |
|
|
|
1,000,000 |
|
|
|
0.000 |
|
|
12/15/2035 |
|
666,930 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2010 A (BBB/Baa1)(d) |
|
|
|
200,000 |
|
|
|
0.000 |
|
|
12/15/2026 |
|
180,486 |
|
|
|
120,000 |
|
|
|
0.000 |
|
|
12/15/2032 |
|
88,973 |
| New Jersey Transportation Trust Fund Authority RB for Transportation Program Bonds
Series 2012 AA (BBB/Baa1) |
|
|
|
125,000 |
|
|
|
4.000 |
|
|
06/15/2029 |
|
129,251 |
| New Jersey Transportation Trust Fund Authority RB for Transportation Program Bonds
Series 2015 AA (BBB/Baa1) |
|
|
|
20,000 |
|
|
|
5.000 |
|
|
06/15/2046 |
|
22,235 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 C (NATL-RE) (BBB/Baa1)(d) |
|
|
|
190,000 |
|
|
|
0.000 |
|
|
12/15/2027 |
|
170,145 |
|
|
|
240,000 |
|
|
|
0.000 |
|
|
12/15/2030 |
|
196,682 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2009 A (BBB/Baa1)(d) |
|
|
|
155,000 |
|
|
|
0.000 |
|
|
12/15/2033 |
|
110,895 |
|
|
|
235,000 |
|
|
|
0.000 |
|
|
12/15/2038 |
|
139,982 |
|
|
|
40,000 |
|
|
|
0.000 |
|
|
12/15/2039 |
|
22,949 |
| New Jersey Transportation Trust Fund Authority RB Refunding for Transportation
System Bonds Series 2018 A (BBB/Baa1) |
|
|
|
90,000 |
|
|
|
4.000 |
|
|
12/15/2031 |
|
103,315 |
|
|
|
140,000 |
|
|
|
5.000 |
|
|
12/15/2032 |
|
172,018 |
|
|
|
215,000 |
|
|
|
5.000 |
|
|
12/15/2033 |
|
262,816 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey Transportation Trust Fund Authority RB Series 2020 AA
(BBB/Baa1) |
| $ |
|
|
250,000 |
|
|
|
3.000 |
% |
|
06/15/2050 |
|
$ 249,998 |
| New Jersey Transportation Trust Fund Authority Transportation RB Series 2009 A
(BBB/Baa1)(d) |
|
|
|
110,000 |
|
|
|
0.000 |
|
|
12/15/2032 |
|
81,558 |
| South Jersey Port Corp. Subordinated Marine Terminal RB
Series 2017 B (AMT)
(NR/Baa1) |
|
|
|
20,000 |
|
|
|
5.000 |
|
|
01/01/2037 |
|
22,949 |
| State of New Jersey COVID 19 Emergency GO Bonds Series 2020 A
(BBB+/A3) |
|
|
|
225,000 |
|
|
|
4.000 |
|
|
06/01/2032 |
|
280,438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,278,177 |
| |
| New York – 10.1% |
| Brookhaven Local Development Corp. RB for Active Retirement Community, Inc.
Obligated Group Series 2020 B (BBB/NR) |
|
|
|
100,000 |
|
|
|
1.625 |
|
|
11/01/2025 |
|
101,420 |
| Dutchess County Local Development Corp. RB Refunding for Bard College Project
Series 2020 A (BB+/NR)(c) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
07/01/2040 |
|
111,169 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 C-1
(BBB+/A3) |
|
|
|
75,000 |
|
|
|
4.750 |
|
|
11/15/2045 |
|
87,904 |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
11/15/2050 |
|
89,319 |
|
|
|
75,000 |
|
|
|
5.250 |
|
|
11/15/2055 |
|
91,348 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 D-1
(BBB+/A3) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/15/2044 |
|
121,629 |
| Metropolitan Transportation Authority RB Green Bond Series 2020 D-3
(BBB+/A3) |
|
|
|
185,000 |
|
|
|
4.000 |
|
|
11/15/2050 |
|
204,177 |
| Metropolitan Transportation Authority RB Refunding for Climate Bond Certified
Series 2020 E (BBB+/A3) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
120,509 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/15/2029 |
|
122,428 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/15/2030 |
|
124,396 |
| Metropolitan Transportation Authority RB Refunding Series 2012 D
(BBB+/A3) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
102,520 |
| Metropolitan Transportation Authority RB Refunding Series 2016 D
(BBB+/A3) |
|
|
|
175,000 |
|
|
|
5.250 |
|
|
11/15/2031 |
|
203,985 |
| Metropolitan Transportation Authority RB Refunding Series 2017 D
(BBB+/A3) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
11/15/2032 |
|
294,905 |
| Metropolitan Transportation Authority RB Refunding Subseries 2015 C-1
(BBB+/A3) |
|
|
|
200,000 |
|
|
|
5.250 |
|
|
11/15/2028 |
|
229,562 |
| Metropolitan Transportation Authority RB Series 2012 B (BBB+/A3) |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
11/15/2029 |
|
206,674 |
| Metropolitan Transportation Authority RB Series 2013 B (BBB+/A3) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
105,433 |
| Metropolitan Transportation Authority RB Series 2019 D-1 (SP-2/MIG2) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
523,930 |
| New York City Industrial Development Agency RB Refunding for Yankee Stadium LLC
Series 2020 A (AGM) (AA/A2) |
|
|
|
50,000 |
|
|
|
4.000 |
|
|
03/01/2045 |
|
58,474 |
| New York City Industrial Development Agency RB Refunding for Yankee Stadium LLC
Series 2020 A (BBB+/Baa1) |
|
|
|
50,000 |
|
|
|
4.000 |
|
|
03/01/2045 |
|
57,622 |
| New York Counties Tobacco Trust IV RB Series 2005 F (NR/NR)(d) |
|
|
|
1,000,000 |
|
|
|
0.000 |
|
|
06/01/2060 |
|
41,350 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York Housing Development Corp. Multi-Family Mortgage RB for 8 Spruce Street
Series 2014 Class E (BBB-/NR) |
| $ |
|
|
100,000 |
|
|
|
3.500 |
% |
|
02/15/2048 |
|
$ 103,302 |
| New York State Dormitory Authority RB Refunding for Brooklyn St. Joseph’s
College Series 2020 A (BBB-/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
07/01/2031 |
|
111,438 |
| New York State Dormitory Authority RB Refunding for Catholic Health System
Obligated Group Series 2019 A (BBB/Baa2) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
246,308 |
| New York State Dormitory Authority RB Refunding for Montefiore Obligated Group
Series 2020 A (BBB/Baa3) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
09/01/2037 |
|
280,048 |
| New York State Environmental Facilities Corp. RB for Casella Waste Systems, Inc.
Series 2020 R-1 (AMT) (B/B2)(e)(f) |
|
|
|
250,000 |
|
|
|
2.750 |
|
|
09/02/2025 |
|
258,525 |
| New York Transportation Development Corp. RB for Delta Air Lines, Inc. Series 2018
(AMT) (BB+/Baa3) |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
26,759 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
178,073 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
242,584 |
|
|
|
45,000 |
|
|
|
5.000 |
|
|
01/01/2029 |
|
54,300 |
|
|
|
190,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
227,859 |
| New York Transportation Development Corp. RB for Delta Air Lines, Inc. Series 2020
(AMT) (BB+/Baa3) |
|
|
|
130,000 |
|
|
|
4.000 |
|
|
10/01/2030 |
|
148,684 |
|
|
|
20,000 |
|
|
|
5.000 |
|
|
10/01/2035 |
|
24,608 |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
10/01/2040 |
|
30,565 |
|
|
|
65,000 |
|
|
|
4.375 |
|
|
10/01/2045 |
|
74,627 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 A (AMT) (BBB/Baa1) |
|
|
|
490,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
591,494 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 C (BBB/Baa1) |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
12/01/2034 |
|
32,165 |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
12/01/2035 |
|
32,157 |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
12/01/2036 |
|
32,063 |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
12/01/2037 |
|
31,992 |
|
|
|
25,000 |
|
|
|
5.000 |
|
|
12/01/2038 |
|
31,950 |
| New York Transportation Development Corp. Special Facility RB for Laguardia Airport
Terminal B Redevelopment Project Series 2016 A (AMT) (BBB/Baa3) |
|
|
|
245,000 |
|
|
|
5.000 |
|
|
07/01/2041 |
|
268,645 |
|
|
|
350,000 |
|
|
|
5.250 |
|
|
01/01/2050 |
|
384,975 |
| New York Transportation Development Corp. Special Facility RB Refunding for
American Airlines, Inc. John F. Kennedy International Airport Project Series 2020 (AMT) (B-/NR) |
|
|
|
15,000 |
|
|
|
5.375 |
|
|
08/01/2036 |
|
17,022 |
| Oneida County Local Development Corp. RB Refunding for Utica College Project Series
2019 (BBB-/NR) |
|
|
|
135,000 |
|
|
|
3.000 |
|
|
07/01/2044 |
|
118,913 |
| Port Authority of New York & New Jersey Consolidated RB Series 214 (AMT)
(A+/Aa3) |
|
|
|
130,000 |
|
|
|
5.000 |
|
|
09/01/2034 |
|
166,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,714,379 |
| |
| North Carolina – 0.5% |
| Columbus County Industrial Facilities and Pollution Control Financing Authority RB
Refunding for International Paper Co. Series 2020 A (BBB/NR)(e)(f) |
|
|
|
75,000 |
|
|
|
1.375 |
|
|
06/16/2025 |
|
77,849 |
| North Carolina Turnpike Authority RB Refunding Series 2018 (AGM)
(AA/NR) |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
01/01/2035 |
|
283,581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
361,430 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Ohio – 2.7% |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (A-/NR) |
| $ |
|
|
50,000 |
|
|
|
4.000 |
% |
|
06/01/2039 |
|
$ 60,296 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-2 Class 1 (NR/NR) |
|
|
|
625,000 |
|
|
|
5.000 |
|
|
06/01/2055 |
|
707,056 |
| County of Franklin RB Refunding for Wesley Communities Obligated Group Series 2020
(NR/NR) |
|
|
|
100,000 |
|
|
|
5.250 |
|
|
11/15/2040 |
|
112,493 |
| County of Miami Ohio Hospital Facilities Improvement RB Kettering Health Network
Series 2019 (A+/A2) |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
08/01/2049 |
|
454,931 |
| Cuyahoga County Ohio Hospital RB Refunding for Metrohealth System Series 2017
(BBB-/Baa3) |
|
|
|
20,000 |
|
|
|
5.000 |
|
|
02/15/2042 |
|
23,032 |
|
|
|
20,000 |
|
|
|
5.500 |
|
|
02/15/2057 |
|
23,623 |
| Evans Farm New Community Authority Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
170,000 |
|
|
|
3.750 |
|
|
12/01/2038 |
|
170,355 |
| Ohio Higher Educational Facility Commission RB Refunding for Judson Obligated Group
Series 2020 A (BBB-/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
12/01/2042 |
|
111,024 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
12/01/2045 |
|
110,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,773,321 |
| |
| Oklahoma – 0.2% |
| Oklahoma Development Finance Authority Health System RB for OU Medicine Project
Series 2018 B (BB+/Baa3) |
|
|
|
35,000 |
|
|
|
5.000 |
|
|
08/15/2038 |
|
41,654 |
| Tulsa Municipal Airport Trust RB Refunding for American Airlines, Inc. Series 2015
(AMT) (B-/NR)(e)(f) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
106,745 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
148,399 |
| |
| Oregon – 0.3% |
| Medford Hospital Facilities Authority RB Refunding for Asante Health System
Obligated Group Series 2020 A (A+/NR) |
|
|
|
175,000 |
|
|
|
4.000 |
|
|
08/15/2050 |
|
202,195 |
| |
| Pennsylvania – 1.8% |
| Berks County Industrial Development Authority RB Refunding for Tower Health
Obligated Group Series 2017 (BB+/WR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
11/01/2047 |
|
100,678 |
| Dauphin County General Authority RB for The Harrisburg University of Science &
Technology Series 2020 (BB/NR)(c) |
|
|
|
100,000 |
|
|
|
5.875 |
|
|
10/15/2040 |
|
102,528 |
|
|
|
100,000 |
|
|
|
6.250 |
|
|
10/15/2053 |
|
102,837 |
| Lancaster County Hospital Authority RB Refunding for St. Anne’s Retirement
Community Obligated Group Series 2020 (BB+/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
03/01/2040 |
|
107,426 |
| Pennsylvania Turnpike Commission RB Series 2018 A (AA/Aa3) |
|
|
|
80,000 |
|
|
|
5.250 |
|
|
12/01/2044 |
|
102,309 |
| Philadelphia Authority for Industrial Development RB Refunding for Philadelphia
Performing Arts Charter School Series 2020 (BB+/NR)(c) |
|
|
|
140,000 |
|
|
|
5.000 |
|
|
06/15/2030 |
|
165,200 |
| Philadelphia Hospitals and Higher Education Facilities Authority RB Refunding for
Temple University Health System Obligation Group Series 2017 (BBB-/Ba1) |
|
|
|
95,000 |
|
|
|
5.000 |
|
|
07/01/2033 |
|
109,885 |
| The Berks County Municipal Authority RB for Alvernia University Project Series 2020
(BB+/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
10/01/2049 |
|
102,917 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| The Berks County Municipal Authority RB for Tower Health Obligated Group Series
2012 A (BB+/WR) |
| $ |
|
|
205,000 |
|
|
|
5.000 |
% |
|
11/01/2040 |
|
$ 209,286 |
| Westmoreland County Industrial Development Authority RB Refunding for Excela Health
Obligated Group Series 2020 A (NR/Baa1) |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
07/01/2030 |
|
62,887 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,165,953 |
| |
| Puerto Rico – 6.8% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority RB Senior Lien Series 2012
A (CCC/Ca) |
|
|
|
25,000 |
|
|
|
4.250 |
|
|
07/01/2025 |
|
25,906 |
|
|
|
130,000 |
|
|
|
5.125 |
|
|
07/01/2037 |
|
136,500 |
|
|
|
60,000 |
|
|
|
5.750 |
|
|
07/01/2037 |
|
63,675 |
|
|
|
85,000 |
|
|
|
5.250 |
|
|
07/01/2042 |
|
89,356 |
| Puerto Rico Commonwealth GO Bonds for Public Improvement
Series 2006 B (D/Ca)* |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
07/01/2035 |
|
38,688 |
| Puerto Rico Commonwealth GO Bonds Series 2014 A (D/Ca)* |
|
|
|
100,000 |
|
|
|
8.000 |
|
|
07/01/2035 |
|
68,500 |
| Puerto Rico Commonwealth GO Refunding Bonds Subseries 2003 C-7 (NATL-RE)
(NR/Baa2) |
|
|
|
200,000 |
|
|
|
6.000 |
|
|
07/01/2027 |
|
205,114 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding Series
2005 L (AMBAC) (NR/C) |
|
|
|
410,000 |
|
|
|
5.250 |
|
|
07/01/2038 |
|
447,568 |
| Puerto Rico Commonwealth Highway & Transportation Authority RB Refunding Series
2007 CC (AGM) (AA/A2) |
|
|
|
100,000 |
|
|
|
5.250 |
|
|
07/01/2036 |
|
119,984 |
| Puerto Rico Commonwealth Infrastructure Financing Authority Special Tax RB Series
2005 C (AMBAC) (NR/C)(d) |
|
|
|
105,000 |
|
|
|
0.000 |
|
|
07/01/2028 |
|
76,543 |
| Puerto Rico Commonwealth Public Improvement GO Bonds
Series 2007 A (D/Ca)* |
|
|
|
30,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
23,288 |
| Puerto Rico Electric Power Authority RB Refunding Series 2010 ZZ-RSA-1 (NR/NR)* |
|
|
|
145,000 |
|
|
|
4.250 |
|
|
07/01/2020 |
|
113,644 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 CC
(AGM) (AA/A2) |
|
|
|
115,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
136,849 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 N
(AGM-CR) (AGC-ICC) (AA/A2) |
|
|
|
435,000 |
|
|
|
5.500 |
|
|
07/01/2026 |
|
509,076 |
| Puerto Rico Infrastructure Financing Authority Special Tax RB
Series 2005 A
(AMBAC) (NR/C)(d) |
|
|
|
125,000 |
|
|
|
0.000 |
|
|
07/01/2029 |
|
86,879 |
|
|
|
110,000 |
|
|
|
0.000 |
|
|
07/01/2037 |
|
53,937 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2018 A-1 (NR/NR)(d) |
|
|
|
18,000 |
|
|
|
0.000 |
|
|
07/01/2024 |
|
16,979 |
|
|
|
27,000 |
|
|
|
0.000 |
|
|
07/01/2027 |
|
24,039 |
|
|
|
24,000 |
|
|
|
0.000 |
|
|
07/01/2029 |
|
20,382 |
|
|
|
25,000 |
|
|
|
0.000 |
|
|
07/01/2033 |
|
17,901 |
|
|
|
157,000 |
|
|
|
0.000 |
|
|
07/01/2046 |
|
48,574 |
|
|
|
375,000 |
|
|
|
0.000 |
|
|
07/01/2051 |
|
83,501 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2019 A-2 (NR/NR) |
|
|
|
1,295,000 |
|
|
|
4.329 |
|
|
07/01/2040 |
|
1,403,314 |
|
|
|
15,000 |
|
|
|
4.536 |
|
|
07/01/2053 |
|
16,272 |
|
|
|
25,000 |
|
|
|
4.784 |
|
|
07/01/2058 |
|
27,486 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Puerto Rico – (continued) |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Restructured RB Series 2018
A-1 (NR/NR) |
| $ |
|
|
245,000 |
|
|
|
4.500 |
% |
|
07/01/2034 |
|
$ 267,856 |
|
|
|
37,000 |
|
|
|
4.550 |
|
|
07/01/2040 |
|
40,612 |
|
|
|
20,000 |
|
|
|
4.750 |
|
|
07/01/2053 |
|
21,979 |
|
|
|
283,000 |
|
|
|
5.000 |
|
|
07/01/2058 |
|
315,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,499,777 |
| |
| South Carolina – 0.5% |
| Spartanburg Regional Health Services District Obligated Group RB Series 2020 A
(AGM) (AA/A2) |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
04/15/2035 |
|
97,435 |
|
|
|
175,000 |
|
|
|
4.000 |
|
|
04/15/2036 |
|
208,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
306,273 |
| |
| Texas – 4.3% |
| Austin Convention Enterprises, Inc. Convention Center Hotel Second Tier RB
Refunding Series 2017 B (BB-/NR) |
|
|
|
35,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
34,521 |
| City of Fate Special Assessment for Williamsburg East Public Improvement District
Area No. 1 Series 2020 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
3.375 |
|
|
08/15/2030 |
|
103,394 |
| City of Mclendon-Chisholm Special Assessment Refunding Bonds Sonoma Public
Improvement District Series 2020 (BAM) (AA/NR) |
|
|
|
50,000 |
|
|
|
2.500 |
|
|
09/15/2035 |
|
50,391 |
| City of Princeton Special Assessment RB for Arcadia Farms Public Improvement
District Series 2020 (NR/NR)(c) |
|
|
|
152,000 |
|
|
|
2.875 |
|
|
09/01/2025 |
|
155,633 |
| City of Princeton Special Assessment RB for Brookside Public Improvement District
Series 2019 (NR/NR) |
|
|
|
100,000 |
|
|
|
4.875 |
|
|
09/01/2039 |
|
114,114 |
| City of Princeton Special Assessment RB for Winchester Public Improvement District
Series 2020 (NR/NR)(c) |
|
|
|
255,000 |
|
|
|
2.750 |
|
|
09/01/2025 |
|
262,160 |
|
|
|
100,000 |
|
|
|
3.750 |
|
|
09/01/2040 |
|
107,477 |
| City of Royse City Special Assessment for Creekshaw Public Improvement District
Area #1 Series 2020 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
2.625 |
|
|
09/15/2025 |
|
101,516 |
|
|
|
50,000 |
|
|
|
3.375 |
|
|
09/15/2030 |
|
51,692 |
| City of Sachse Special Assessment for Public Improvement District No. 1 Series 2020
(NR/NR)(c) |
|
|
|
100,000 |
|
|
|
3.250 |
|
|
09/15/2030 |
|
103,405 |
| Edinburg Economic Development Corp. Sales Tax RB Series 2019 (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
`5.000 |
|
|
08/15/2044 |
|
103,187 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Texas
Medical Center Series 2019 A (AA-/A1) |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
228,461 |
| Houston Airport System RB for United Airlines, Inc. Airport Improvement Projects
Series 2018 C (AMT) (B/NR) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/15/2028 |
|
226,198 |
| Houston Airport System RB Refunding for United Airlines, Inc.
Series 2020 B-2
(AMT) (BB-/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
07/15/2027 |
|
112,229 |
| Lower Colorado River Authority LCRA Transmission Services Corp. Project RB
Refunding Series 2019 (A/NR) |
|
|
|
35,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
46,084 |
| Mission Economic Development Corp. Senior Lien RB for Natgasoline Project Series
2018 (AMT) (BB-/NR)(c) |
|
|
|
100,000 |
|
|
|
4.625 |
|
|
10/01/2031 |
|
106,312 |
| Mitchell County Hospital District GO Bonds Series 2020 (NR/NR) |
|
|
|
100,000 |
|
|
|
5.250 |
|
|
02/15/2030 |
|
109,891 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| North Texas Tollway Authority RB Refunding for First Tier Series 2017 A
(A+/A1) |
| $ |
|
|
345,000 |
|
|
|
5.000 |
% |
|
01/01/2037 |
|
$ 420,158 |
| Texas Private Activity Bonds Surface Transportation Corp. RB Senior Lien for
Blueridge Transportation Group, LLC SH 288 Toll Lanes Project Series 2016 (AMT) (BBB-/Baa3) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
12/31/2055 |
|
220,308 |
| Texas Private Activity Bonds Surface Transportation Corp. RB Senior Lien for
Mobility Partners Segment 3 LLC Series 2019 (AMT) (BBB-/Baa3) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
06/30/2058 |
|
179,649 |
| Viridian Municipal Management District Special Assessment Bonds Series 2020
(NR/NR) |
|
|
|
50,000 |
|
|
|
2.875 |
|
|
12/01/2030 |
|
51,046 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,887,826 |
| |
| Virginia – 1.0% |
| Tobacco Settlement Financing Corp. RB for Capital Appreciation Subseries 2007 C
(CCC-/NR)(d) |
|
|
|
300,000 |
|
|
|
0.000 |
|
|
06/01/2047 |
|
68,190 |
| Virginia Small Business Financing Authority Private Activity Tax Exempt Senior Lien
RB for Transform 66 P3 Project Series 2017 (AMT) (BBB/Baa3) |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
12/31/2049 |
|
58,255 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
12/31/2056 |
|
231,972 |
| Virginia Small Business Financing Authority Senior Lien RB for 95 Express Lanes LLC
Project Series 2017 (AMT) (BBB-/NR) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
311,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
669,862 |
| |
| Washington – 0.4% |
| Port of Seattle Intermediate Lien RB Series 2019 (AMT) (A+/A1) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
04/01/2038 |
|
247,888 |
| |
| West Virginia – 0.2% |
| West Virginia GO Bonds Bid Group 2 Series 2019 A (AA-/Aa2) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
12/01/2043 |
|
129,136 |
| |
| Wisconsin – 0.8% |
| Public Finance Authority Exempt Facilities RB Refunding for Celanese Project Series
2016 C (AMT) (BBB-/Baa3) |
|
|
|
190,000 |
|
|
|
4.300 |
|
|
11/01/2030 |
|
212,158 |
| Public Finance Authority RB for Charter Day School Obligated Group Series 2020 A
(NR/Ba1)(c) |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
12/01/2045 |
|
55,320 |
| Public Finance Authority RB for Masonic & Eastern Star Home of NC, Inc.
Obligated Group Series 2020 A (NR/NR)(c) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
03/01/2030 |
|
105,008 |
| Public Finance Authority RB for Roseman University of Health Sciences Series 2020
(BB/NR)(c) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
04/01/2040 |
|
113,523 |
| Public Finance Authority RB Refunding for UMA Education, Inc. Project Series 2019 B
(BB/NR)(c) |
|
|
|
25,000 |
|
|
|
6.125 |
|
|
10/01/2049 |
|
25,251 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
511,260 |
| |
TOTAL MUNICIPAL BONDS
(Cost $59,881,344) |
|
$62,563,823 |
| |
GOLDMAN SACHS MUNICIPAL INCOME COMPLETION FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Corporate Bond(g) – 0.2% |
| Real Estate – 0.2% |
| Benloch Ranch Improvement Association No. 1 Series 2020 |
| $ |
|
|
100,000 |
|
|
|
9.750 |
% |
|
12/01/2039 |
|
$ 98,377 |
| |
| TOTAL CORPORATE BONDS (Cost
$100,000) |
|
$ 98,377 |
| |
TOTAL INVESTMENTS – 94.0%
(Cost $59,981,344) |
|
$62,662,200 |
| |
OTHER ASSETS IN EXCESS OF
LIABILITIES – 6.0% |
|
4,010,469 |
| |
| NET ASSETS – 100.0% |
|
$66,672,669 |
| |
|
|
|
|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
|
|
| * |
|
Security is currently in default and/or non-income producing. |
|
|
| (a) |
|
Zero coupon bond until next reset date. |
|
|
| (b) |
|
Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on December 31,
2020. |
|
|
| (c) |
|
Exempt from registration under Rule 144A of the Securities Act of 1933. |
|
|
| (d) |
|
Issued with a zero coupon. Income is recognized through the accretion of discount. |
|
|
| (e) |
|
Security with “Put” features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on December 31, 2020. |
|
|
| (f) |
|
Variable Rate Demand Instruments – rate shown is that which is in effect on December 31, 2020. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent
and are based on current market conditions. |
|
|
| (g) |
|
Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3. |
|
|
|
|
| Security ratings disclosed, if any, are issued by either Standard & Poor’s, Moody’s Investor Service or Fitch and are unaudited. A brief description of the ratings is available in the Fund’s
Statement of Additional Information |
|
|
|
| Investment Abbreviations: |
| AGC-ICC |
|
— Agency Insured Custody Certificate |
| AGM |
|
— Insured by Assured Guaranty Municipal Corp. |
| AGM-CR |
|
— Insured by Assured Guaranty Municipal Corp. Insured Custodial
Receipts |
| AMBAC |
|
— Insured by American Municipal Bond Assurance Corp. |
| AMT |
|
— Alternative Minimum Tax |
| ASSURED GTY |
|
— Insured by Assured Guaranty |
| BAM |
|
— Build America Mutual Assurance Co. |
| COPS |
|
— Certificates of Participation |
| GO |
|
— General Obligation |
| LIBOR |
|
— London Interbank Offered Rate |
| Mo. |
|
— Month |
| NATL-RE |
|
— Insured by National Public Finance Guarantee Corp. |
| NR |
|
— Not Rated |
| RB |
|
— Revenue Bond |
| RMKT |
|
— Remarketed |
| SD CRED PROG |
|
— School District Credit Program |
| ST AID WITHHLDG |
|
— State Aid Withholding |
| ST APPROP |
|
— State Appropriation |
| WR |
|
— Withdrawn Rating |
| |
|
| 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.GSAMFUNDS.com. |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – 93.4% |
| Alabama – 0.8% |
| Alabama Public School & College Authority RB Refunding for Capital Improvement
Series 2015 A (AA/Aa1) |
| $ |
|
|
3,385,000 |
|
|
|
5.000 |
% |
|
05/01/2023 |
|
$ 3,764,188 |
| Black Belt Energy Gas District RB Project 4 Series 2019 A-1 (A/A2)(a)(b) |
|
|
|
20,090,000 |
|
|
|
4.000 |
|
|
12/01/2025 |
|
23,191,695 |
| Black Belt Energy Gas District RB Series 2016 A (NR/Aa2)(a)(b) |
|
|
|
5,000,000 |
|
|
|
4.000 |
|
|
06/01/2021 |
|
5,058,750 |
| Black Belt Energy Gas District RB Series 2017 A (NR/Aa2)(a)(b) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
07/01/2022 |
|
1,050,210 |
| Chatom Industrial Development Board RB Refunding for PowerSouth Energy Cooperative
Series 2020 (AGM) (AA/A2) |
|
|
|
280,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
286,896 |
|
|
|
190,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
202,534 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
248,945 |
|
|
|
485,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
555,005 |
| Houston County Health Care Authority RB for Southeast Alabama Medical Center Series
2016 A (BBB+/NR) |
|
|
|
85,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
86,719 |
|
|
|
85,000 |
|
|
|
4.000 |
|
|
10/01/2022 |
|
89,007 |
| Industrial Development Board of the City of Mobile Alabama RB for Alabama Power Co.
Series 2007 A (A/A1)(a)(b) |
|
|
|
3,335,000 |
|
|
|
1.000 |
|
|
06/26/2025 |
|
3,419,342 |
| Jacksonville State University RB Refunding Series 2020 (A-/A2) |
|
|
|
650,000 |
|
|
|
3.000 |
|
|
12/01/2021 |
|
664,007 |
|
|
|
475,000 |
|
|
|
3.000 |
|
|
12/01/2022 |
|
495,088 |
|
|
|
315,000 |
|
|
|
3.000 |
|
|
12/01/2023 |
|
334,505 |
|
|
|
275,000 |
|
|
|
4.000 |
|
|
12/01/2024 |
|
307,876 |
|
|
|
375,000 |
|
|
|
4.000 |
|
|
12/01/2025 |
|
429,761 |
|
|
|
550,000 |
|
|
|
4.000 |
|
|
12/01/2026 |
|
642,664 |
| Jefferson County RB Refunding Warrants Series 2017 (AA/NR) |
|
|
|
3,025,000 |
|
|
|
5.000 |
|
|
09/15/2021 |
|
3,124,613 |
|
|
|
1,225,000 |
|
|
|
5.000 |
|
|
09/15/2022 |
|
1,322,890 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
09/15/2023 |
|
2,244,940 |
| Jefferson County Subordinate Lien Sewer RB Warrants Series 2013 D
(BBB/NR) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
1,343,966 |
|
|
|
1,745,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
1,882,663 |
|
|
|
3,125,000 |
|
|
|
6.500 |
|
|
10/01/2053 |
|
3,679,250 |
| Prattville Industrial Development Board RB Refunding for International Paper Co.
Series 2019 B (BBB/Baa2)(a)(b) |
|
|
|
225,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
237,744 |
| Prattville Industrial Development Board RB Refunding for International Paper Co.
Series 2019 C (BBB/Baa2)(a)(b) |
|
|
|
675,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
713,232 |
| Selma Industrial Development Board RB Refunding for International Paper Co. Series
2019 A (BBB/Baa2)(a)(b) |
|
|
|
1,875,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
1,981,200 |
| Selma Industrial Development Board RB Refunding for International Paper Co. Series
2020 A (BBB/Baa2)(a)(b) |
|
|
|
6,500,000 |
|
|
|
1.375 |
|
|
06/16/2025 |
|
6,746,935 |
| The Southeast Alabama Gas Supply District RB for Project No. 2
Series 2018 B
(A/A2)(a) |
|
|
|
(1 Mo. LIBOR + 0.85%), |
|
|
|
|
|
25,100,000 |
|
|
|
0.954 |
|
|
06/01/2024 |
|
25,059,840 |
| Troy University RB Refunding Series 2019 A (BAM) (AA/A1) |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
11/01/2021 |
|
412,008 |
|
|
|
850,000 |
|
|
|
4.000 |
|
|
11/01/2022 |
|
901,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,478,289 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Alaska – 0.5% |
| Alaska Municipal Bond Bank Authority RB Refunding Series 2020 ONE
(A+/A1) |
| $ |
|
|
640,000 |
|
|
|
5.000 |
% |
|
12/01/2022 |
|
$ 693,907 |
|
|
|
1,240,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
1,397,740 |
|
|
|
1,775,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
2,073,094 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
1,805,970 |
| Borough of North Slope GO Bonds for General Purpose Series 2018 A
(AA/Aa2) |
|
|
|
1,060,000 |
|
|
|
5.000 |
|
|
06/30/2021 |
|
1,084,338 |
|
|
|
1,110,000 |
|
|
|
5.000 |
|
|
06/30/2023 |
|
1,134,986 |
| Borough of North Slope GO Bonds for General Purpose Series 2019 A
(AA/Aa2) |
|
|
|
16,555,000 |
|
|
|
5.000 |
|
|
06/30/2021 |
|
16,935,103 |
|
|
|
6,775,000 |
|
|
|
5.000 |
|
|
06/30/2022 |
|
7,247,827 |
|
|
|
10,225,000 |
|
|
|
5.000 |
|
|
06/30/2023 |
|
11,385,026 |
| Borough of North Slope GO Bonds for Schools Series 2019 B (AA/Aa2) |
|
|
|
990,000 |
|
|
|
5.000 |
|
|
06/30/2023 |
|
1,102,316 |
| Borough of North Slope GO Bonds Series 2020 A (AA/Aa2) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
06/30/2021 |
|
1,329,848 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
06/30/2022 |
|
320,937 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
06/30/2023 |
|
1,948,538 |
|
|
|
3,275,000 |
|
|
|
5.000 |
|
|
06/30/2024 |
|
3,785,507 |
| Municipality of Anchorage GO Refunding Bonds Series 2018 D (AAA/NR) |
|
|
|
5,025,000 |
|
|
|
4.000 |
|
|
09/01/2022 |
|
5,343,886 |
| Northern Tobacco Securitization Corp. RB Asset-Backed Bonds
Series 2006 A
(NR/A1) |
|
|
|
485,000 |
|
|
|
4.625 |
|
|
06/01/2023 |
|
492,168 |
| State of Alaska International Airports System RB Refunding
Series 2010 A
(AMT) (A+/A1) |
|
|
|
1,470,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
1,472,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59,554,028 |
| |
| Arizona – 1.5% |
| Arizona Department of Transportation State Highway RB Series 2013 A
(AA+/Aa2) |
|
|
|
14,290,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
15,295,016 |
| Arizona Department of Transportation State Highway Taxable RB Refunding Series 2020
(AA+/Aa1) |
|
|
|
9,000,000 |
|
|
|
1.958 |
|
|
07/01/2024 |
|
9,398,610 |
| Arizona Health Facilities Authority Hospital RB for Banner Health
Series 2007 B
(AA-/NR)(c) |
|
|
|
(3 Mo. LIBOR + 0.81%), |
|
|
|
|
|
62,700,000 |
|
|
|
0.961 |
|
|
01/01/2037 |
|
59,095,377 |
| Arizona Health Facilities Authority Hospital RB for CommonSpirit Health Obligated
Group Series 2011 B-1 (BBB+/Baa1)(d) |
|
|
|
5,000,000 |
|
|
|
5.250 |
|
|
03/01/2021 |
|
5,039,300 |
| Arizona Industrial Development Authority RB for Equitable School Revolving Fund LLC
Obligated Group Series 2019 A (A/NR) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
259,155 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
270,142 |
|
|
|
755,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
850,168 |
|
|
|
1,055,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
1,231,079 |
|
|
|
340,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
411,091 |
| Arizona Industrial Development Authority RB for Great Lakes Senior Living
Communities LLC Project First Tier Series 2019 A (BB+/NR) |
|
|
|
675,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
678,483 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
605,304 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
581,509 |
| Arizona Industrial Development Authority RB for Great Lakes Senior Living
Communities LLC Project Second Tier Series 2019 B (BB/NR) |
|
|
|
485,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
483,797 |
|
|
|
505,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
501,889 |
|
|
|
560,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
554,042 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Arizona – (continued) |
| Arizona Transportation Board Excise Tax RB Refunding for Regional Area Road Series
2016 (AA+/Aa1) |
| $ |
|
|
5,820,000 |
|
|
|
5.000 |
% |
|
07/01/2021 |
|
$ 5,957,585 |
| Chandler Industrial Development Authority RB for Intel Corp. Series 2019 (AMT)
(A+/A1)(a)(b) |
|
|
|
20,365,000 |
|
|
|
5.000 |
|
|
06/03/2024 |
|
23,423,212 |
| City of Phoenix Civic Improvement Corporation RB Taxable Refunding for Rental Car
Facility Charge Series 2019 B (BBB+/A3) |
|
|
|
3,000,000 |
|
|
|
2.107 |
|
|
07/01/2021 |
|
3,014,400 |
|
|
|
3,150,000 |
|
|
|
2.163 |
|
|
07/01/2022 |
|
3,194,069 |
|
|
|
2,050,000 |
|
|
|
2.226 |
|
|
07/01/2023 |
|
2,095,674 |
| County of Pinal RB Refunding Series 2014 (AA-/NR) |
|
|
|
2,465,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
2,532,911 |
| Glendale City GO Refunding Bonds Series 2015 (AGM) (AA/A1) |
|
|
|
3,400,000 |
|
|
|
4.000 |
|
|
07/01/2021 |
|
3,463,444 |
|
|
|
1,665,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
1,784,797 |
| Maricopa County Community College District GO Refunding Bonds Series 2016
(AAA/Aaa) |
|
|
|
9,505,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
9,731,124 |
|
|
|
16,400,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
18,301,744 |
| Maricopa County Industrial Development Authority RB Refunding for Legacy
Traditional School Obligated Group Series 2019 A (SD CRED PROG) (AA-/Ba2) |
|
|
|
125,000 |
|
|
|
4.000 |
|
|
07/01/2023 |
|
135,261 |
|
|
|
135,000 |
|
|
|
4.000 |
|
|
07/01/2024 |
|
150,155 |
| Maricopa County Pollution Control Corp. RB Refunding for Public Service Co. of New
Mexico Series 2003 A (BBB/Baa2)(a)(b) |
|
|
|
3,750,000 |
|
|
|
1.050 |
|
|
06/01/2022 |
|
3,782,362 |
| Pinal County Industrial Development Authority RB Refunding for State of Arizona
Department of Corrections Series 2020 A (BBB/NR) |
|
|
|
3,900,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
3,958,149 |
|
|
|
1,540,000 |
|
|
|
2.000 |
|
|
10/01/2025 |
|
1,562,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
178,341,948 |
| |
| Arkansas – 0.1% |
| Conway Health Facilities Board RB Refunding for Conway Regional Medical Center,
Inc. Series 2019 (BBB+/NR) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
255,907 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
266,168 |
|
|
|
235,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
260,072 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
458,804 |
| Fort Smith School District No. 100 GO Bonds for Arkansas Construction Series 2018 A
(ST AID WITHHLDG) (NR/Aa2) |
|
|
|
1,295,000 |
|
|
|
3.000 |
|
|
02/01/2021 |
|
1,297,564 |
|
|
|
1,950,000 |
|
|
|
3.000 |
|
|
02/01/2022 |
|
2,006,530 |
|
|
|
1,510,000 |
|
|
|
3.000 |
|
|
02/01/2023 |
|
1,586,784 |
| Pulaski County Little Rock School District GO Refunding Bonds
Series 2015 (ST
AID WITHHLDG) (NR/Aa2) |
|
|
|
6,050,000 |
|
|
|
3.000 |
|
|
02/01/2021 |
|
6,062,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,194,232 |
| |
| California – 7.4% |
| Antelope Valley Healthcare District RB Series 2011 A (NR/WR)(d) |
|
|
|
1,860,000 |
|
|
|
6.875 |
|
|
03/01/2021 |
|
1,879,121 |
| Atwater Wastewater RB Refunding Series 2017 A (AGM) (AA/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
507,510 |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
355,529 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
331,386 |
|
|
|
265,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
303,923 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Bay Area Toll Authority Toll Bridge Authority RB for San Francisco Bay Area RMKT
05/01/13 Series 2006 C-1 (AA/Aa3)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.90%), |
|
|
| $ |
|
|
10,000,000 |
|
|
|
0.990 |
% |
|
05/01/2023 |
|
$ 10,072,100 |
| Bay Area Toll Authority Toll Bridge Authority RB for San Francisco Bay Area RMKT
06/03/13 Series 2006 C-1 (AA/Aa3)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.90%), |
|
|
|
|
|
7,000,000 |
|
|
|
0.990 |
|
|
05/01/2023 |
|
7,050,470 |
| Bay Area Toll Authority Toll Bridge Authority RB for San Francisco Bay Area Series
2001 A (AA/NR)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 1.25%), |
|
|
|
|
|
15,000,000 |
|
|
|
1.340 |
|
|
04/01/2027 |
|
15,216,750 |
| Bay Area Toll Authority Toll Bridge Authority RB for San Francisco Bay Area Series
2017 C (AA/Aa3)(a)(b) |
|
|
|
11,175,000 |
|
|
|
2.100 |
|
|
04/01/2022 |
|
11,332,456 |
| Bay Area Toll Authority Toll Bridge Authority RB Refunding for San Francisco Bay
Area Series 2017 B (AA/Aa3)(a)(b) |
|
|
|
2,500,000 |
|
|
|
2.850 |
|
|
04/01/2025 |
|
2,719,525 |
| Bay Area Toll Authority Toll Bridge Authority RB Refunding for San Francisco Bay
Area Series 2018 A (AA/Aa3)(a)(b) |
|
|
|
5,000,000 |
|
|
|
2.625 |
|
|
04/01/2026 |
|
5,496,150 |
| California Community College Financing Authority RB for NCCD-Orange Coast
Properties LLC Series 2018 (BB/NR) |
|
|
|
255,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
256,234 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
1,032,680 |
|
|
|
535,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
558,401 |
| California County Tobacco Securitization Agency RB Refunding for Gold Country
Settlement Funding Corp. Series 2020 B-1 (BBB+/NR) |
|
|
|
200,000 |
|
|
|
1.100 |
|
|
06/01/2030 |
|
204,328 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 A (A/NR) |
|
|
|
300,000 |
|
|
|
3.000 |
|
|
06/01/2021 |
|
303,354 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
491,976 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
06/01/2026 |
|
558,607 |
| California County Tobacco Securitization Agency RB Refunding for Sonoma County
Securitization Corp. Series 2020 B-1 (BBB+/NR) |
|
|
|
400,000 |
|
|
|
1.375 |
|
|
06/01/2030 |
|
416,912 |
| California County Tobacco Securitization Agency RB Refunding Senior Series 2020 A
(A/NR) |
|
|
|
500,000 |
|
|
|
3.000 |
|
|
06/01/2021 |
|
505,590 |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
06/01/2022 |
|
420,912 |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
06/01/2023 |
|
435,412 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
868,192 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
840,945 |
| California County Tobacco Securitization Agency RB Refunding Senior Series 2020 A
(BBB+/NR) |
|
|
|
1,000,000 |
|
|
|
1.750 |
|
|
06/01/2030 |
|
1,049,650 |
| California Earthquake Authority Taxable RB Series 2020 B (A/NR) |
|
|
|
7,000,000 |
|
|
|
1.127 |
|
|
01/01/2021 |
|
7,000,000 |
|
|
|
3,475,000 |
|
|
|
1.227 |
|
|
07/01/2021 |
|
3,477,328 |
|
|
|
10,000,000 |
|
|
|
1.327 |
|
|
07/01/2022 |
|
10,030,200 |
|
|
|
7,500,000 |
|
|
|
1.477 |
|
|
07/01/2023 |
|
7,552,050 |
| California Health Facilities Financing Authority RB for Kaiser Foundation Hospitals
Series 2017 (AA-/NR)(a)(b) |
|
|
|
7,695,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
8,363,542 |
| California Health Facilities Financing Authority RB Refunding for Providence St.
Joseph Health Obligated Group Series 2009 D (AA-/Aa3)(a)(b) |
|
|
|
2,820,000 |
|
|
|
1.700 |
|
|
10/18/2022 |
|
2,887,708 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California Health Facilities Financing Authority RB Refunding for Providence St.
Joseph Health Obligated Group Series 2019 C (AA-/Aa3)(a)(b) |
| $ |
|
|
32,470,000 |
|
|
|
5.000 |
% |
|
10/01/2025 |
|
$ 39,485,468 |
| California Health Facilities Financing Authority RB Refunding for Sutter Health
Obligated Group Series 2011 D (A+/A1)(d) |
|
|
|
1,810,000 |
|
|
|
5.250 |
|
|
08/15/2021 |
|
1,866,472 |
| California Health Facilities Financing Authority RG Refunding for Cedars-Sinai
Medical Center Obligated Group Series 2015 (AA-/Aa3) |
|
|
|
2,590,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
3,066,948 |
| California Infrastructure & Economic Development Bank RB for DesertXpress
Enterprises LLC Series 2020 A (AMT) (NR/Aaa)(a)(b)(e) |
|
|
|
30,000,000 |
|
|
|
0.450 |
|
|
07/01/2021 |
|
30,027,900 |
| California Infrastructure & Economic Development Bank RB Refunding for The J.
Paul Getty Trust Project Series 2013 A-1 (AAA/Aaa)(a) |
|
|
|
(1 Mo. LIBOR + 0.33%), |
|
|
|
|
|
20,000,000 |
|
|
|
0.438 |
|
|
04/01/2022 |
|
20,017,200 |
| California Municipal Finance Authority RB for Waste Management, Inc. Series 2009 A
(A-/NR)(a)(b)(e) |
|
|
|
1,800,000 |
|
|
|
1.300 |
|
|
02/03/2025 |
|
1,855,098 |
| California Municipal Finance Authority RB for Waste Management, Inc. Series 2017 A
(AMT) (A-/NR)(a)(b) |
|
|
|
12,400,000 |
|
|
|
0.700 |
|
|
12/01/2023 |
|
12,543,344 |
| California Municipal Finance Authority RB Refunding for California Lutheran
University Series 2018 (NR/Baa1) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
256,530 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
265,002 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
249,223 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
314,529 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
324,060 |
| California Municipal Finance Authority Student Housing RB for Bowles Hall
Foundation Series 2015 A (NR/Baa3) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
06/01/2022 |
|
102,897 |
| California Pollution Control Financing Authority RB for American Water Capital
Corp. Project Series 2020 (A/Baa1)(a)(b) |
|
|
|
2,490,000 |
|
|
|
0.600 |
|
|
09/01/2023 |
|
2,489,178 |
| California State University RB Taxable Bonds Series 2020 D (AA-/Aa2) |
|
|
|
320,000 |
|
|
|
0.349 |
|
|
11/01/2022 |
|
320,659 |
|
|
|
3,455,000 |
|
|
|
0.475 |
|
|
11/01/2023 |
|
3,461,461 |
|
|
|
2,870,000 |
|
|
|
0.685 |
|
|
11/01/2024 |
|
2,873,788 |
|
|
|
8,555,000 |
|
|
|
0.885 |
|
|
11/01/2025 |
|
8,569,458 |
| California State University RB Taxable Bonds Series 2020 E (AA-/Aa2) |
|
|
|
800,000 |
|
|
|
0.475 |
|
|
11/01/2023 |
|
801,496 |
|
|
|
1,105,000 |
|
|
|
0.685 |
|
|
11/01/2024 |
|
1,106,459 |
|
|
|
1,360,000 |
|
|
|
0.885 |
|
|
11/01/2025 |
|
1,362,298 |
| California State Various Purpose GO Bonds RMKT 11/15/17 Series 2013 B (AA-/Aa2)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.38%), |
|
|
|
|
|
15,000,000 |
|
|
|
0.470 |
|
|
12/01/2022 |
|
14,997,750 |
| California State Various Purpose GO Bonds Series 2014 (AA-/Aa2) |
|
|
|
6,850,000 |
|
|
|
5.000 |
|
|
05/01/2044 |
|
7,783,175 |
| California State Various Purpose GO Bonds Series 2020 (AA-/Aa2) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
5,909,500 |
|
|
|
5,565,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
6,829,758 |
|
|
|
8,500,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
10,775,450 |
| California State Various Purpose GO Refunding Bonds Series 2020
(AA-/Aa2) |
|
|
|
11,655,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
13,331,688 |
|
|
|
2,000,000 |
|
|
|
3.000 |
|
|
11/01/2025 |
|
2,262,960 |
|
|
|
7,025,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
8,621,572 |
|
|
|
14,275,000 |
|
|
|
4.000 |
|
|
11/01/2026 |
|
17,274,463 |
|
|
|
2,755,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
3,492,514 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| California Statewide Communities Development Authority RB for Irvine East Campus
Apartments, CHF-Irvine LLC Series 2017 (NR/Baa1) |
| $ |
|
|
1,545,000 |
|
|
|
5.000 |
% |
|
05/15/2021 |
|
$ 1,563,679 |
| California Statewide Communities Development Authority RB for Methodist Hospital of
Southern California Obligated Group Series 2018 (BBB+/NR) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
300,000 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
520,085 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
540,655 |
| California Statewide Communities Development Authority RB Refunding for Irvine East
Campus Apartments, CHF-Irvine LLC Series 2016 (NR/Baa1) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
05/15/2021 |
|
1,265,112 |
| Chino Public Financing Authority Tax Exempt RB Series 2019 A (NR/NR) |
|
|
|
195,000 |
|
|
|
3.000 |
|
|
09/01/2021 |
|
198,005 |
|
|
|
205,000 |
|
|
|
3.000 |
|
|
09/01/2022 |
|
212,269 |
|
|
|
210,000 |
|
|
|
3.000 |
|
|
09/01/2023 |
|
221,758 |
|
|
|
215,000 |
|
|
|
3.000 |
|
|
09/01/2024 |
|
230,663 |
|
|
|
225,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
255,278 |
| Chula Vista Elementary School District GO Bonds Anticipation Notes Series 2019
(AA-/NR)(f) |
|
|
|
2,515,000 |
|
|
|
0.000 |
|
|
08/01/2023 |
|
2,495,006 |
| City of Montebello RB Series 2020 (AGM) (AA/NR) |
|
|
|
1,000,000 |
|
|
|
1.936 |
|
|
06/01/2021 |
|
1,004,850 |
|
|
|
1,000,000 |
|
|
|
2.403 |
|
|
06/01/2024 |
|
1,050,110 |
|
|
|
1,000,000 |
|
|
|
2.503 |
|
|
06/01/2025 |
|
1,059,330 |
| City of Ontario CA Community Facilities District No. 43 Special Tax Bonds Series
2020 (NR/NR) |
|
|
|
170,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
188,411 |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
288,720 |
| City of Torrance Joint Powers Financing Authority RB Series 2020
(AA/NR) |
|
|
|
405,000 |
|
|
|
1.239 |
|
|
10/01/2021 |
|
406,272 |
|
|
|
500,000 |
|
|
|
1.289 |
|
|
10/01/2022 |
|
503,825 |
|
|
|
750,000 |
|
|
|
1.427 |
|
|
10/01/2023 |
|
760,380 |
|
|
|
3,325,000 |
|
|
|
1.604 |
|
|
10/01/2024 |
|
3,398,216 |
|
|
|
5,000,000 |
|
|
|
1.804 |
|
|
10/01/2025 |
|
5,150,750 |
| Foothill-De Anza Community College District GO Bonds Series 2000 A (NATL-RE)
(AAA/Aaa)(f) |
|
|
|
3,590,000 |
|
|
|
0.000 |
|
|
08/01/2023 |
|
3,544,120 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2017 A-1 (A/NR) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
5,094,750 |
|
|
|
6,025,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
6,413,914 |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
6,644,760 |
| Golden State Tobacco Securitization Corp. California Tobacco Settlement RB
Asset-Backed Bonds Series 2018 A-1 (BB-/NR) |
|
|
|
12,395,000 |
|
|
|
3.500 |
|
|
06/01/2036 |
|
12,643,024 |
| Inland Empire Tobacco Securitization Authority RB Turbo Asset-Backed Bonds Series
2019 (A-/NR) |
|
|
|
3,625,000 |
|
|
|
3.678 |
|
|
06/01/2038 |
|
3,857,725 |
| Irvine City Limited Obligation Improvement Bonds Reassessment District No. 15-2
Series 2015 (NR/NR) |
|
|
|
775,000 |
|
|
|
5.000 |
|
|
09/02/2021 |
|
797,994 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 A (NR/NR) |
|
|
|
1,765,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
1,893,704 |
|
|
|
1,135,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
1,266,921 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 B (NR/NR) |
|
|
|
600,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
649,308 |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 C (NR/NR) |
|
|
|
520,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
562,734 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Irvine Unified School District No. 09-1 Special Tax for Community Facilities Series
2017 D (NR/NR) |
| $ |
|
|
255,000 |
|
|
|
3.000 |
% |
|
09/01/2022 |
|
$ 263,573 |
|
|
|
415,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
448,993 |
| Kern Community College District Facilities Improvement District No. 1 GO Bonds
Series 2020 (SP-1+/MIG1)(f) |
|
|
|
5,190,000 |
|
|
|
0.000 |
|
|
08/01/2023 |
|
5,118,430 |
| Lake Elsinore Public Financing Authority Local Agency RB Refunding Series 2015
(NR/NR) |
|
|
|
785,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
806,352 |
| Los Angeles Community College District GO Bonds Series 2013 F (AA+/Aaa)(d) |
|
|
|
8,985,000 |
|
|
|
4.000 |
|
|
08/01/2023 |
|
9,872,718 |
| Los Angeles Unified School District GO Bonds for Qualified School Construction
Series 2010 J-2 (A+/Aa3) |
|
|
|
27,900,000 |
|
|
|
5.720 |
|
|
05/01/2027 |
|
35,472,060 |
| Los Angeles Unified School District GO Refunding Bonds 2014 C
(A+/Aa3) |
|
|
|
4,520,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
5,242,206 |
| Municipal Improvement Corp. of Los Angeles RB Refunding for City of Los Angeles
Series 2020 C (AA-/NR) |
|
|
|
1,670,000 |
|
|
|
0.890 |
|
|
11/01/2024 |
|
1,666,877 |
|
|
|
2,735,000 |
|
|
|
1.040 |
|
|
11/01/2025 |
|
2,722,310 |
| Natomas Unified School District GO Refunding Bonds Series 2013 (BAM)
(AA/A1) |
|
|
|
650,000 |
|
|
|
4.000 |
|
|
09/01/2021 |
|
666,477 |
| Newport Mesa Unified School District GO Bonds Series 2011 (AA+/Aaa)(d)(f) |
|
|
|
11,625,000 |
|
|
|
0.000 |
|
|
08/01/2021 |
|
1,929,169 |
| Northern California Gas Authority No. 1 RB for Gas Project
Series 2007 B
(BBB+/A2)(c) |
|
|
|
(3 Mo. LIBOR + 0.72%), |
|
|
|
|
|
9,945,000 |
|
|
|
0.871 |
|
|
07/01/2027 |
|
9,895,076 |
| Pittsburg Successor Agency Redevelopment Agency Tax Allocation Refunding Series
2016 A (AGM) (AA/NR) |
|
|
|
2,950,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
3,564,367 |
| Port of Los Angeles RB Refunding Series 2019 A (AMT) (AA/Aa2) |
|
|
|
10,100,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
11,665,904 |
| Port of Oakland RB Refunding Senior Lien Series 2020 (A+/A1) |
|
|
|
2,225,000 |
|
|
|
0.821 |
|
|
05/01/2023 |
|
2,236,993 |
|
|
|
1,285,000 |
|
|
|
1.081 |
|
|
05/01/2024 |
|
1,295,164 |
|
|
|
905,000 |
|
|
|
1.181 |
|
|
05/01/2025 |
|
910,783 |
|
|
|
1,460,000 |
|
|
|
1.517 |
|
|
05/01/2026 |
|
1,479,549 |
| Rancho Cordova Community Facilities District No. 2003-1 Special Tax Refunding for
Sunridge Anatolia Series 2016 (NR/NR) |
|
|
|
380,000 |
|
|
|
4.000 |
|
|
09/01/2022 |
|
398,742 |
| Riverside Unified School District Community Facilities District No. 32 Special Tax
Series 2020 (NR/NR) |
|
|
|
180,000 |
|
|
|
4.000 |
|
|
09/01/2022 |
|
188,392 |
|
|
|
195,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
213,759 |
|
|
|
205,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
228,919 |
|
|
|
210,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
237,724 |
| Roseville California Community Facilities District No. 1 Special Tax Refunding for
Fiddyment Ranch Project Series 2017 (NR/NR) |
|
|
|
675,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
694,035 |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
854,344 |
|
|
|
1,835,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
2,035,419 |
| Sacramento City Unified School District GO RB Refunding Series 2012
(BBB/A2) |
|
|
|
26,940,000 |
|
|
|
4.000 |
|
|
07/01/2029 |
|
27,939,205 |
| Sacramento City Unified School District GO RB Refunding Series 2014
(BBB/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
1,021,800 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Sacramento County Sanitation District Financing Authority RB Refunding for
Sacramento County Regional Series 2007 B (NATL-RE)
(AA/Aa2)(c) |
|
|
|
(3 Mo. LIBOR + 0.53%), |
|
|
| $ |
|
|
59,485,000 |
|
|
|
0.681 |
% |
|
12/01/2035 |
|
$ 55,511,402 |
| Sacramento County Sanitation District Financing Authority RB Refunding for
Sacramento County Regional Series 2020 B (AA/Aa2) |
|
|
|
4,400,000 |
|
|
|
0.872 |
|
|
12/01/2024 |
|
4,444,836 |
|
|
|
4,900,000 |
|
|
|
1.042 |
|
|
12/01/2025 |
|
4,947,530 |
| Sacramento County Water Financing Authority RB for Water Agency Zones 40 & 41
2007 Water System Project Series 2007 B (NATL-RE) (A+/Aa3)(c) |
|
|
|
(3 Mo. LIBOR + 0.57%), |
|
|
|
|
|
10,000,000 |
|
|
|
0.721 |
|
|
06/01/2039 |
|
8,918,700 |
| Sacramento Municipal Utility District RB Series 2019 A (AA-/NR)(a)(b) |
|
|
|
22,130,000 |
|
|
|
5.000 |
|
|
10/17/2023 |
|
24,490,386 |
| San Diego Community College District GO Bonds for Election of 2006 Series 2013
(AAA/Aaa)(g) |
|
|
|
42,470,000 |
|
|
|
0.000 |
|
|
08/01/2041 |
|
24,225,313 |
| San Francisco City & County Airport Commission RB Refunding for San Francisco
International Airport Second Series 2011 C (AMT) (A/A1)(d) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
1,523,220 |
| San Francisco City & County Airport Commission RB Refunding for San Francisco
International Airport Second Series 2012 A (AMT) (A/A1) |
|
|
|
6,900,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
7,313,448 |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
05/01/2027 |
|
10,586,900 |
| San Francisco City & County Airport Commission RB Refunding for San Francisco
International Airport Second Series 2019 H (AMT) (A/A1) |
|
|
|
23,995,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
28,497,422 |
| San Gorgonio Memorial Health Care District GO Refunding Bonds Series 2020
(NR/Baa3) |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
08/01/2021 |
|
356,402 |
|
|
|
360,000 |
|
|
|
4.000 |
|
|
08/01/2022 |
|
377,348 |
|
|
|
385,000 |
|
|
|
4.000 |
|
|
08/01/2023 |
|
413,028 |
|
|
|
855,000 |
|
|
|
4.000 |
|
|
08/01/2024 |
|
937,644 |
|
|
|
930,000 |
|
|
|
4.000 |
|
|
08/01/2025 |
|
1,035,397 |
|
|
|
1,020,000 |
|
|
|
3.000 |
|
|
08/01/2026 |
|
1,097,357 |
| San Jose City Financing Authority Taxable RB Refunding for Civic Center Refunding
Project 2020 A (AA/Aa2) |
|
|
|
970,000 |
|
|
|
0.541 |
|
|
06/01/2022 |
|
968,506 |
|
|
|
990,000 |
|
|
|
0.642 |
|
|
06/01/2023 |
|
987,456 |
|
|
|
725,000 |
|
|
|
0.844 |
|
|
06/01/2024 |
|
723,753 |
|
|
|
735,000 |
|
|
|
0.994 |
|
|
06/01/2025 |
|
731,376 |
| Sequoia Union High School District GO Refunding Bonds Series 2020
(NR/Aaa) |
|
|
|
160,000 |
|
|
|
1.600 |
|
|
07/01/2023 |
|
164,859 |
| Sierra View Local Health Care District RB Refunding for Tulare County Series 2020
(A/NR) |
|
|
|
240,000 |
|
|
|
4.000 |
|
|
07/01/2021 |
|
243,847 |
|
|
|
230,000 |
|
|
|
4.000 |
|
|
07/01/2022 |
|
240,592 |
|
|
|
260,000 |
|
|
|
4.000 |
|
|
07/01/2023 |
|
280,069 |
|
|
|
240,000 |
|
|
|
4.000 |
|
|
07/01/2024 |
|
264,931 |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
07/01/2025 |
|
338,580 |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
07/01/2026 |
|
367,389 |
| State of California GO Bonds for General Obligation High Speed Train Series 2017 A
(AA-/Aa2) |
|
|
|
12,400,000 |
|
|
|
2.367 |
|
|
04/01/2022 |
|
12,712,232 |
| State of California GO Unlimited Various Purpose Bonds Series 2019 A
(AA-/Aa2) |
|
|
|
29,705,000 |
|
|
|
2.350 |
|
|
04/01/2022 |
|
30,446,734 |
| State of California Various Purpose GO Bonds for Bid Group A Series 2018
(AA-/Aa2) |
|
|
|
52,000,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
56,387,760 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| California – (continued) |
| Stockton Public Financing Authority Wastewater RB Series 2019 (A/NR) |
| $ |
|
|
8,950,000 |
|
|
|
1.400 |
% |
|
06/01/2022 |
|
$ 8,982,936 |
| Tobacco Securitization Authority Northern California Tobacco Settlement RB
Asset-Backed Bonds Series 2005 A-1 (BBB/Baa1) |
|
|
|
685,000 |
|
|
|
4.750 |
|
|
06/01/2023 |
|
685,980 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp.
Series 2019 A-1 (A/NR) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
2,547,575 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
2,131,420 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
2,024,732 |
| Tobacco Securitization Authority of Southern California RB Refunding for San Diego
County Tobacco Asset Securitization Corp.
Series 2019 B-1 (BBB+/NR) |
|
|
|
580,000 |
|
|
|
2.250 |
|
|
06/01/2029 |
|
585,736 |
| Transbay Joint Powers Authority Tax Allocation for Transbay Redevelopment Project
Series 2020 A (A-/NR) |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
1,489,632 |
| University of California RB Refunding Series 2013 AL-4 (AA/Aa2)(a)(b) |
|
|
|
31,285,000 |
|
|
|
0.070 |
|
|
01/01/2021 |
|
31,285,000 |
| University of California RB Series 2020 BF (AA/Aa2) |
|
|
|
500,000 |
|
|
|
0.628 |
|
|
05/15/2023 |
|
503,165 |
|
|
|
785,000 |
|
|
|
0.833 |
|
|
05/15/2024 |
|
794,962 |
| Washington Township Health Care District RB Refunding Series 2020 A
(NR/Baa2) |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
331,825 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
212,550 |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
192,944 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
228,064 |
|
|
|
225,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
264,530 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
301,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
851,306,263 |
| |
| Colorado – 2.4% |
| City of Aurora COPS Refunding Series 2019 (AA/Aa1) |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
469,404 |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
408,840 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
311,776 |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
1,031,222 |
| City of Colorado Springs Utilities System RB Refunding
Series 2018 A-1
(AA+/Aa2) |
|
|
|
1,520,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
1,801,200 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
1,230,690 |
| Colorado Health Facilities Authority RB for CommonSpirit Health Obligated Group
Catholic Health Initiatives Project Series 2013 A (BBB+/Baa1)(d) |
|
|
|
13,360,000 |
|
|
|
5.250 |
|
|
01/01/2023 |
|
14,681,571 |
| Colorado Health Facilities Authority RB Refunding for Boulder Community Health
Obligated Group Series 2020 (A-/A3) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
103,291 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
484,114 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
348,396 |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
10/01/2027 |
|
598,068 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
3,965,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
4,697,375 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 A-2 (BBB+/Baa1) |
|
|
|
4,335,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
5,135,718 |
| Colorado Health Facilities Authority RB Refunding for CommonSpirit Health Obligated
Group Series 2019 B-1 (BBB+/Baa1)(a)(b) |
|
|
|
8,275,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
9,694,742 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| Colorado Health Facilities Authority RB Refunding for Evangelical Lutheran Good
Samaritan Society Project Series 2017 (ETM)
(A-/NR)(d) |
| $ |
|
|
700,000 |
|
|
|
5.000 |
% |
|
06/01/2021 |
|
$ 713,615 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
533,300 |
| Colorado Health Facilities Authority RB Refunding for Sanford Obligated Group
Series 2019 A (A+/NR) |
|
|
|
2,245,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
2,329,479 |
|
|
|
1,825,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
1,976,220 |
|
|
|
1,730,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
1,950,160 |
|
|
|
1,275,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
1,490,972 |
| Colorado Health Facilities Authority RB Refunding for Sisters of Charity of
Leavenworth Health System, Inc. Obligated Group Series 2019 A (AA-/Aa3) |
|
|
|
965,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,008,570 |
|
|
|
810,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
883,572 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
1,701,915 |
| Colorado Health Facilities Authority Taxable RB Refunding for Sanford Obligated
Group Series 2019 B (A+/NR) |
|
|
|
800,000 |
|
|
|
2.185 |
|
|
11/01/2021 |
|
809,752 |
|
|
|
1,275,000 |
|
|
|
2.237 |
|
|
11/01/2022 |
|
1,310,751 |
|
|
|
1,250,000 |
|
|
|
2.396 |
|
|
11/01/2023 |
|
1,307,050 |
| Denver City & County Airport RB Refunding Series 2019 D (A+/A1)(a)(b) |
|
|
|
8,345,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
9,067,427 |
| Denver City & County School District No. 1 GO Bonds Series 2012 B (ST AID
WITHHLDG) (AA+/Aa1)(d) |
|
|
|
24,395,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
26,615,921 |
| Denver City & County School District No. 1 GO Refunding Bonds
Series 2012 A
(ST AID WITHHLDG) (AA+/Aa1)(d) |
|
|
|
4,060,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
4,238,518 |
| Denver Colorado City & County GO Refunding Bonds Series 2020 B
(AAA/Aaa) |
|
|
|
39,565,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
49,825,392 |
| Denver Colorado Health and Hospital Authority Healthcare RB Refunding Series 2017 A
(BBB/NR)(e) |
|
|
|
4,110,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
4,244,890 |
|
|
|
4,315,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
4,625,896 |
|
|
|
4,530,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
5,018,923 |
|
|
|
4,760,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
5,440,394 |
| Denver Health & Hospital Authority COPS Series 2018 (BBB/NR) |
|
|
|
220,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
227,220 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
321,615 |
| E-470 Public Highway Authority RB Refunding Series 2020 A (A/A2) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
168,324 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
09/01/2024 |
|
524,385 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
362,016 |
|
|
|
2,800,000 |
|
|
|
5.000 |
|
|
09/01/2040 |
|
3,192,336 |
| E-470 Public Highway Authority RB Series 2004 A (NATL-RE) (A/A2)(f) |
|
|
|
20,115,000 |
|
|
|
0.000 |
|
|
09/01/2028 |
|
18,343,874 |
| Jefferson County School District R-1 GO Bonds Series 2012 (ST AID WITHHLDG)
(AA/Aa2)(d) |
|
|
|
5,925,000 |
|
|
|
4.000 |
|
|
12/15/2022 |
|
6,366,531 |
|
|
|
12,040,000 |
|
|
|
5.000 |
|
|
12/15/2022 |
|
13,170,917 |
| Regional Transportation District RB Refunding for Denver Transit Partners LLC
Series 2020 A (A-/Baa2) |
|
|
|
50,000 |
|
|
|
3.000 |
|
|
07/15/2023 |
|
53,084 |
|
|
|
385,000 |
|
|
|
5.000 |
|
|
01/15/2024 |
|
435,870 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
07/15/2024 |
|
374,407 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
01/15/2025 |
|
380,819 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/15/2025 |
|
476,136 |
|
|
|
350,000 |
|
|
|
3.000 |
|
|
01/15/2026 |
|
388,738 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Colorado – (continued) |
| South Sloan’s Lake Metropolitan District No. 2 GO Improvement Bonds Series
2019 (AGM) (AA/Baa3) |
| $ |
|
|
25,000 |
|
|
|
5.000 |
% |
|
12/01/2021 |
|
$ 25,992 |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
54,062 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
173,993 |
| State of Colorado COPS Series 2020 A (AA-/Aa2) |
|
|
|
1,375,000 |
|
|
|
5.000 |
|
|
12/15/2023 |
|
1,563,898 |
|
|
|
1,440,000 |
|
|
|
5.000 |
|
|
12/15/2024 |
|
1,702,728 |
|
|
|
3,530,000 |
|
|
|
5.000 |
|
|
12/15/2025 |
|
4,332,510 |
| University of Colorado Hospital Authority RB Refunding for University of Colorado
Health Obligated Group Series 2019 C (AA/Aa3)(a)(b) |
|
|
|
23,765,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
27,373,240 |
| University of Colorado Hospital Authority RB Series 2017 C-2 (AA/Aa3)(a)(b) |
|
|
|
7,240,000 |
|
|
|
5.000 |
|
|
03/01/2022 |
|
7,453,435 |
| University of Colorado RB Green Bonds Series 2019 C (AA+/Aa1)(a)(b) |
|
|
|
15,705,000 |
|
|
|
2.000 |
|
|
10/15/2024 |
|
16,646,201 |
| Vauxmont Metropolitan District GO Refunding Bonds Series 2020 (AGM)
(AA/NR) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
155,700 |
|
|
|
165,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
178,014 |
|
|
|
195,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
218,304 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
231,906 |
|
|
|
180,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
215,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
271,201,134 |
| |
| Connecticut – 2.8% |
| City of New Haven GO Bonds Series 2018 A (BBB+/NR) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
1,276,050 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
1,080,840 |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
1,047,920 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
681,066 |
| City of New Haven GO Bonds Series 2019 A (AGM) (AA/A2) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
1,658,010 |
| City of New Haven GO Bonds Series 2019 A (BBB+/Baa1) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
1,327,092 |
| City of New Haven GO Refunding Bonds Series 2019 B (BBB+/Baa1) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
601,578 |
| City of Waterbury GO Refunding Bonds Series 2020 C (AA-/NR) |
|
|
|
765,000 |
|
|
|
1.895 |
|
|
09/01/2024 |
|
797,780 |
| Connecticut State GO Bonds Series 2013 A (A/A1) |
|
|
|
5,355,000 |
|
|
|
5.000 |
|
|
10/15/2023 |
|
6,046,598 |
| Connecticut State GO Bonds Series 2013 E (A/A1) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
08/15/2031 |
|
11,059,800 |
| Connecticut State GO Bonds Series 2015 F (A/A1) |
|
|
|
6,640,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
6,912,904 |
|
|
|
5,695,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
6,198,096 |
|
|
|
4,545,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
5,149,258 |
| Connecticut State GO Bonds Series 2017 A (A/A1) |
|
|
|
1,705,000 |
|
|
|
5.000 |
|
|
04/15/2022 |
|
1,808,698 |
| Connecticut State GO Bonds Series 2018 A (A/A1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
04/15/2025 |
|
5,966,250 |
| Connecticut State GO Refunding Bonds Series 2010 D (A/A1) |
|
|
|
7,500,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
7,525,725 |
| Connecticut State GO Refunding Bonds Series 2017 B (A/A1) |
|
|
|
18,110,000 |
|
|
|
3.000 |
|
|
04/15/2022 |
|
18,749,645 |
| Connecticut State GO Refunding Bonds Series 2018 B (A/A1) |
|
|
|
8,500,000 |
|
|
|
5.000 |
|
|
04/15/2023 |
|
9,405,335 |
| Connecticut State GO Refunding Bonds Series 2020 B (A/A1) |
|
|
|
1,000,000 |
|
|
|
3.000 |
|
|
01/15/2021 |
|
1,000,770 |
| Connecticut State Health & Educational Facilities Authority RB for Yale New
Haven Health System Series 2014 B (AA-/Aa3)(a)(b) |
|
|
|
2,880,000 |
|
|
|
1.800 |
|
|
07/01/2024 |
|
3,002,285 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Connecticut – (continued) |
| Connecticut State Health & Educational Facilities Authority RB for Yale
University Series 2001 V-2 (AAA/Aaa)(a)(b) |
| $ |
|
|
20,385,000 |
|
|
|
0.040 |
% |
|
01/01/2021 |
|
$ 20,385,000 |
| Connecticut State Health & Educational Facilities Authority RB for Yale
University Series 2010 A-3 (AAA/Aaa)(a)(b) |
|
|
|
11,260,000 |
|
|
|
1.800 |
|
|
02/09/2021 |
|
11,278,579 |
| Connecticut State Health & Educational Facilities Authority RB for Yale
University Series 2017 C-1 (AAA/Aaa)(a)(b) |
|
|
|
23,840,000 |
|
|
|
5.000 |
|
|
02/01/2028 |
|
31,075,678 |
| Connecticut State Health & Educational Facilities Authority RB for Yale
University Series 2019 U-1 (AAA/Aaa)(a)(b) |
|
|
|
14,100,000 |
|
|
|
2.000 |
|
|
02/08/2022 |
|
14,382,846 |
| Connecticut State Health & Educational Facilities Authority RB for Yale-New
Haven Health Obligated Group Series 2019 B (AA-/Aa3)(a)(b) |
|
|
|
12,365,000 |
|
|
|
1.800 |
|
|
07/01/2024 |
|
12,890,018 |
| Connecticut State Health & Educational Facilities Authority RB Refunding for
The University of Hartford Series 2019 (BBB-/NR) |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
101,290 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
415,420 |
|
|
|
415,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
445,826 |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
412,661 |
| Connecticut State Health & Educational Facilities Authority RB Refunding for
Yale University Series 2017 C-2 (AAA/Aaa)(a)(b) |
|
|
|
49,775,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
54,681,322 |
| New Haven GO Refunding Bonds Series 2015 B (ETM) (BAM) (AA/Baa1)(d) |
|
|
|
6,265,000 |
|
|
|
5.000 |
|
|
08/15/2021 |
|
6,449,755 |
| State of Connecticut GO Bonds Series 2020 A (A/A1) |
|
|
|
1,995,000 |
|
|
|
3.000 |
|
|
07/01/2021 |
|
2,021,693 |
|
|
|
4,715,000 |
|
|
|
2.500 |
|
|
07/01/2022 |
|
4,864,560 |
|
|
|
3,490,000 |
|
|
|
2.000 |
|
|
07/01/2023 |
|
3,625,237 |
|
|
|
7,115,000 |
|
|
|
1.998 |
|
|
07/01/2024 |
|
7,462,568 |
|
|
|
4,000,000 |
|
|
|
2.098 |
|
|
07/01/2025 |
|
4,258,000 |
| State of Connecticut Special Tax Obligation Bonds Series 2020 A
(A+/NR) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
506,085 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
425,120 |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
1,181,425 |
| State of Connecticut Special Tax Obligation RB for Transportation Infrastructure
Purpose Build America Bonds Series 2010 B (A+/A1) |
|
|
|
3,780,000 |
|
|
|
4.576 |
|
|
11/01/2022 |
|
4,004,608 |
| State of Connecticut Special Tax Obligation RB for Transportation Infrastructure
Purposes Series 2012 A (A+/A1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
5,460,700 |
| State of Connecticut Special Tax Obligation RB for Transportation Infrastructure
Purposes Series 2016 A (A+/A1) |
|
|
|
4,225,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
5,107,096 |
| State of Connecticut Special Tax Obligation RB Refunding for Transportation
Infrastructure Purposes Series 2011 B (A+/A1) |
|
|
|
5,035,000 |
|
|
|
3.000 |
|
|
12/01/2022 |
|
5,160,623 |
| Town of Rocky Hill GO Bonds Series 2020 (NR/NR) |
|
|
|
9,450,000 |
|
|
|
1.500 |
|
|
07/28/2021 |
|
9,511,425 |
| Town of Stratford GO Refunding Bonds Series 2020 B (BAM) (AA/A2) |
|
|
|
585,000 |
|
|
|
0.572 |
|
|
08/01/2023 |
|
588,376 |
|
|
|
665,000 |
|
|
|
0.956 |
|
|
08/01/2024 |
|
675,999 |
|
|
|
1,800,000 |
|
|
|
1.086 |
|
|
08/01/2025 |
|
1,837,908 |
| Town of Windham GO Bonds Series 2020 B (SP-1+/NR) |
|
|
|
5,650,000 |
|
|
|
2.000 |
|
|
09/30/2021 |
|
5,723,337 |
| University of Connecticut GO Bonds Series 2015 A (A+/A1) |
|
|
|
8,640,000 |
|
|
|
5.000 |
|
|
02/15/2021 |
|
8,685,533 |
| University of Connecticut RB Series 2011 A (A+/A1) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
02/15/2027 |
|
3,016,200 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Connecticut – (continued) |
| West Haven GO Bonds Series 2017 A (BBB/Baa3) |
| $ |
|
|
400,000 |
|
|
|
4.000 |
% |
|
11/01/2021 |
|
$ 409,396 |
|
|
|
415,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
439,693 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
435,332 |
| West Haven GO Bonds Series 2017 B (BBB/Baa3) |
|
|
|
790,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
837,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
320,052,014 |
| |
| Delaware – 0.2% |
| Delaware Economic Development Authority Gas Facilities RB Refunding for Delmarva
Power & Light Co. Project Series 2020 (A/A2)(a)(b) |
|
|
|
5,425,000 |
|
|
|
1.050 |
|
|
07/01/2025 |
|
5,553,789 |
| Delaware Health Facilities Authority RB for Beebee Medical Center Project Series
2018 (BBB/NR) |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
518,296 |
|
|
|
305,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
343,949 |
| Delaware State Economic Development Authority RB Refunding for NRG Energy, Inc.
Series 2020 A (BBB-/NR)(a)(b) |
|
|
|
10,000,000 |
|
|
|
1.250 |
|
|
10/01/2025 |
|
10,140,700 |
| Delaware State GO Bonds Series 2018 A (AAA/Aaa) |
|
|
|
3,250,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
3,261,440 |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
02/01/2022 |
|
3,682,560 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
1,925,192 |
| Delaware State Health Facilities Authority RB Refunding for Christiana Care Health
System Obligated Group Series 2020 (AA+/Aa2) |
|
|
|
530,000 |
|
|
|
1.680 |
|
|
10/01/2021 |
|
532,952 |
|
|
|
560,000 |
|
|
|
1.730 |
|
|
10/01/2022 |
|
568,927 |
|
|
|
660,000 |
|
|
|
1.790 |
|
|
10/01/2023 |
|
673,794 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,201,599 |
| |
| District of Columbia – 0.6% |
| District of Columbia RB for KIPP DC Obligated Group Series 2019
(BBB+/NR) |
|
|
|
230,000 |
|
|
|
4.000 |
|
|
07/01/2021 |
|
232,643 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
219,312 |
| District of Columbia RB Refunding for National Public Radio, Inc. Series 2020
(A+/A2) |
|
|
|
350,000 |
|
|
|
1.438 |
|
|
04/01/2022 |
|
353,794 |
|
|
|
520,000 |
|
|
|
1.558 |
|
|
04/01/2023 |
|
529,604 |
|
|
|
560,000 |
|
|
|
1.667 |
|
|
04/01/2024 |
|
575,249 |
|
|
|
735,000 |
|
|
|
1.817 |
|
|
04/01/2025 |
|
762,320 |
|
|
|
800,000 |
|
|
|
2.136 |
|
|
04/01/2026 |
|
840,632 |
| District of Columbia RB Refunding Series 2019 A (AAA/Aa1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
03/01/2024 |
|
5,752,550 |
| District of Columbia RB Refunding Series 2019 C (AAA/Aa1) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
10,841,900 |
|
|
|
15,745,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
17,810,744 |
| District of Columbia Water & Sewer Authority RB Refunding Subordinate Lien
Series 2019 C (AA+/Aa2)(a)(b) |
|
|
|
7,250,000 |
|
|
|
1.750 |
|
|
10/01/2024 |
|
7,590,025 |
| Metropolitan Washington Airports Authority RB Refunding
Series 2012 A (AMT)
(A+/Aa3) |
|
|
|
4,100,000 |
|
|
|
5.000 |
|
|
10/01/2029 |
|
4,381,916 |
| Metropolitan Washington Airports Authority RB Refunding
Series 2014 A (AMT)
(A+/Aa3) |
|
|
|
3,890,000 |
|
|
|
5.000 |
|
|
10/01/2044 |
|
4,362,402 |
| Metropolitan Washington Airports Authority RB Refunding
Series 2017 A (AMT)
(A+/Aa3) |
|
|
|
2,305,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
2,864,262 |
| Metropolitan Washington Airports Authority RB Refunding
Series 2019 A (AMT)
(A+/Aa3) |
|
|
|
4,750,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
5,734,057 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| District of Columbia – (continued) |
| Metropolitan Washington Airports Authority RB Series 2011 C
(A+/Aa3) |
| $ |
|
|
6,835,000 |
|
|
|
5.000 |
% |
|
10/01/2027 |
|
$ 7,048,047 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
10/01/2028 |
|
2,060,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71,960,137 |
| |
| Florida – 2.6% |
| Aberdeen Community Development District Special Assessment Refunding Series 2020
A-1 (AGM) (AA/NR) |
|
|
|
815,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
822,865 |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
898,289 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
981,873 |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
1,064,448 |
|
|
|
995,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
1,155,792 |
|
|
|
1,045,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
1,242,285 |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
05/01/2027 |
|
1,329,427 |
|
|
|
1,155,000 |
|
|
|
5.000 |
|
|
05/01/2028 |
|
1,416,885 |
|
|
|
1,200,000 |
|
|
|
2.375 |
|
|
05/01/2029 |
|
1,250,700 |
|
|
|
1,230,000 |
|
|
|
2.625 |
|
|
05/01/2030 |
|
1,300,048 |
| Anthem Park Community Development District Special Assessment RB Refunding Senior
Series 2016 A-1 (A-/NR) |
|
|
|
335,000 |
|
|
|
2.250 |
|
|
05/01/2021 |
|
336,611 |
|
|
|
340,000 |
|
|
|
2.250 |
|
|
05/01/2022 |
|
344,668 |
|
|
|
350,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
359,860 |
| Arborwood Community Development District RB Capital Improvement Refunding Senior
Lien Series 2018 A-1 (AGM) (AA/NR) |
|
|
|
1,100,000 |
|
|
|
2.125 |
|
|
05/01/2021 |
|
1,104,818 |
|
|
|
1,125,000 |
|
|
|
2.250 |
|
|
05/01/2022 |
|
1,149,559 |
|
|
|
1,150,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
1,199,898 |
| Avelar Creek Community Development District Special Assessment Refunding Series
2016 (A-/NR) |
|
|
|
170,000 |
|
|
|
2.000 |
|
|
05/01/2021 |
|
170,896 |
| Bartram Park Community Development District Special Assessment RB Refunding for
City of Jacksonville Florida Senior Lien Series 2015 A-1 (A-/NR) |
|
|
|
570,000 |
|
|
|
3.000 |
|
|
05/01/2021 |
|
574,765 |
|
|
|
460,000 |
|
|
|
3.125 |
|
|
05/01/2022 |
|
474,159 |
|
|
|
460,000 |
|
|
|
3.250 |
|
|
05/01/2023 |
|
485,604 |
| Bay Laurel Center Community Development District Special Assessment RB Refunding
Series 2016 Candler (BBB+/NR) |
|
|
|
125,000 |
|
|
|
2.250 |
|
|
05/01/2021 |
|
125,767 |
|
|
|
130,000 |
|
|
|
2.250 |
|
|
05/01/2022 |
|
132,353 |
| Baywinds Community Development District Senior Special Assessment Refunding Bonds
Series 2017 A-1 (A+/NR) |
|
|
|
295,000 |
|
|
|
3.500 |
|
|
05/01/2021 |
|
297,797 |
|
|
|
305,000 |
|
|
|
3.500 |
|
|
05/01/2022 |
|
315,028 |
| Beach Road Golf Estates Community Development District Special Assessment Series
2015 (NR/NR) |
|
|
|
2,500,000 |
|
|
|
4.700 |
|
|
11/01/2029 |
|
2,682,425 |
| Bonterra Community Development District Special Assessment Bonds Senior Series 2017
A-1 (A-/NR) |
|
|
|
185,000 |
|
|
|
2.100 |
|
|
05/01/2021 |
|
185,964 |
|
|
|
185,000 |
|
|
|
2.375 |
|
|
05/01/2022 |
|
188,136 |
|
|
|
190,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
197,035 |
| Broward County School Board COPS Series 2017 C (A+/Aa3) |
|
|
|
2,205,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
2,458,354 |
| Cape Coral Florida Water & Sewer Revenue Special Assessment Refunding Various
Areas Series 2017 (AGM) (AA/A2) |
|
|
|
1,115,000 |
|
|
|
2.125 |
|
|
09/01/2022 |
|
1,143,154 |
|
|
|
1,005,000 |
|
|
|
2.250 |
|
|
09/01/2023 |
|
1,048,546 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Caribe Palm Community Development District Special Assessment Refunding Series 2017
(A-/NR) |
| $ |
|
|
85,000 |
|
|
|
3.500 |
% |
|
05/01/2021 |
|
$ 85,869 |
|
|
|
83,000 |
|
|
|
3.500 |
|
|
05/01/2022 |
|
86,053 |
|
|
|
87,000 |
|
|
|
3.500 |
|
|
05/01/2023 |
|
92,695 |
|
|
|
40,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
44,128 |
| Central Florida Expressway Authority RB Senior Lien Series 2019 A
(A+/A1) |
|
|
|
625,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
638,900 |
|
|
|
430,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
458,935 |
|
|
|
1,240,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
1,380,504 |
| Central Florida Expressway Authority RB Senior Lien Series 2019 B
(A+/A1) |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
1,124,464 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
800,468 |
|
|
|
2,265,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
2,521,647 |
| Century Gardens at Tamiami Community Development District Special Assessment Bonds
Series 2018 (BBB/NR) |
|
|
|
95,000 |
|
|
|
3.000 |
|
|
11/01/2021 |
|
96,607 |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
11/01/2022 |
|
103,270 |
|
|
|
105,000 |
|
|
|
3.000 |
|
|
11/01/2023 |
|
110,089 |
|
|
|
105,000 |
|
|
|
3.500 |
|
|
11/01/2024 |
|
113,428 |
| Century Gardens at Tamiami Community Development District Special Assessment
Refunding Series 2016 (BBB/NR) |
|
|
|
225,000 |
|
|
|
2.250 |
|
|
05/01/2021 |
|
226,098 |
| City of Gainesville Taxable RB Series 2020 (AA-/Aa3) |
|
|
|
360,000 |
|
|
|
0.541 |
|
|
10/01/2021 |
|
360,212 |
|
|
|
270,000 |
|
|
|
0.641 |
|
|
10/01/2022 |
|
270,262 |
|
|
|
185,000 |
|
|
|
0.817 |
|
|
10/01/2023 |
|
185,215 |
|
|
|
265,000 |
|
|
|
0.997 |
|
|
10/01/2024 |
|
266,211 |
|
|
|
500,000 |
|
|
|
1.117 |
|
|
10/01/2025 |
|
503,200 |
| City of Jacksonville Taxable RB Refunding Series 2020 C (AA/NR) |
|
|
|
705,000 |
|
|
|
0.393 |
|
|
10/01/2021 |
|
704,647 |
|
|
|
995,000 |
|
|
|
0.493 |
|
|
10/01/2022 |
|
995,488 |
|
|
|
330,000 |
|
|
|
0.594 |
|
|
10/01/2023 |
|
330,178 |
|
|
|
650,000 |
|
|
|
0.819 |
|
|
10/01/2024 |
|
650,637 |
|
|
|
690,000 |
|
|
|
0.939 |
|
|
10/01/2025 |
|
690,021 |
| City of Lakeland RB Refunding for Lakeland Regional Health Systems Obligated Group
Series 2016 (NR/A2) |
|
|
|
4,130,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
4,834,826 |
| City of Pompano Beach RB Refunding for John Knox Village of Florida, Inc. Obligated
Group Series 2020 (A-/NR) |
|
|
|
670,000 |
|
|
|
3.250 |
|
|
09/01/2023 |
|
709,356 |
|
|
|
1,380,000 |
|
|
|
3.250 |
|
|
09/01/2024 |
|
1,485,666 |
| Concord Station Community Development District Capital Improvement RB Refunding
Senior Lien Series 2016 A-1 (A/NR) |
|
|
|
840,000 |
|
|
|
2.000 |
|
|
05/01/2021 |
|
843,419 |
|
|
|
860,000 |
|
|
|
2.125 |
|
|
05/01/2022 |
|
870,965 |
| Coronado Community Development District Special Assessment Refunding &
Improvement Bonds Series 2017 (BBB/NR) |
|
|
|
122,000 |
|
|
|
2.625 |
|
|
05/01/2021 |
|
122,802 |
|
|
|
126,000 |
|
|
|
2.750 |
|
|
05/01/2022 |
|
128,754 |
| Country Greens Community Development District Special Assessment RB Refunding
Senior Lien Series 2016 A-1 (A-/NR) |
|
|
|
160,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
169,654 |
| County of Broward RB for Airport System Series 2019 A (AMT) (A/A1) |
|
|
|
1,110,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
1,146,952 |
|
|
|
740,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
797,579 |
|
|
|
625,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
699,325 |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
1,095,548 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| County of Broward RB Refunding for Airport System Series 2019 B (AMT)
(A/A1) |
| $ |
|
|
265,000 |
|
|
|
5.000 |
% |
|
10/01/2021 |
|
$ 273,822 |
|
|
|
285,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
307,176 |
|
|
|
215,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
240,568 |
|
|
|
355,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
411,555 |
| County of Escambia RB Refunding for International Paper Co.
Series 2019 B
(BBB/Baa2)(a)(b) |
|
|
|
425,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
449,072 |
| County of Hillsborough Utility RB Refunding Series 2019
(AA+/Aaa) |
|
|
|
1,615,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
1,737,950 |
|
|
|
3,750,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
4,213,575 |
| County of Miami-Dade Aviation RB Refunding Series 2012 A (AMT) (A-/A2)(d) |
|
|
|
16,545,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
17,868,435 |
| County of Miami-Dade Aviation RB Refunding Series 2014 A (AMT)
(A-/A2) |
|
|
|
20,000,000 |
|
|
|
5.000 |
|
|
10/01/2034 |
|
22,662,200 |
| County of Miami-Dade Florida Transit System RB Refunding Series 2019
(AA/NR) |
|
|
|
3,505,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
4,051,815 |
| County of Miami-Dade RB Refunding Series 2020 A (A-/NR) |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
2,818,450 |
|
|
|
2,400,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
2,809,512 |
|
|
|
1,350,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
1,635,322 |
| County of Miami-Dade RB Refunding Series 2020 B (A-/NR) |
|
|
|
1,770,000 |
|
|
|
1.229 |
|
|
10/01/2025 |
|
1,784,744 |
| County of Miami-Dade RB Refunding Subordinate Series 2021 B (A+/NR)(h) |
|
|
|
300,000 |
|
|
|
0.707 |
|
|
10/01/2023 |
|
302,223 |
|
|
|
450,000 |
|
|
|
1.004 |
|
|
10/01/2024 |
|
454,657 |
|
|
|
1,490,000 |
|
|
|
1.154 |
|
|
10/01/2025 |
|
1,509,683 |
| County of Miami-Dade Transit System Taxable RB Refunding
Series 2020 B
(AA/NR) |
|
|
|
5,065,000 |
|
|
|
0.550 |
|
|
07/01/2023 |
|
5,093,465 |
|
|
|
7,300,000 |
|
|
|
0.750 |
|
|
07/01/2024 |
|
7,360,079 |
|
|
|
5,045,000 |
|
|
|
0.900 |
|
|
07/01/2025 |
|
5,087,681 |
| County of Osceola Transportation RB Refunding Series 2019 A-1
(BBB+/NR) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
308,400 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
267,980 |
|
|
|
640,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
711,456 |
|
|
|
780,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
897,117 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
326,177 |
| Durbin Crossing Community Development District Special Assessment Refunding Senior
Series 2017 A-1 (AGM) (AA/NR) |
|
|
|
1,495,000 |
|
|
|
2.125 |
|
|
05/01/2021 |
|
1,501,698 |
| Enclave at Black Point Marina Community Development District Special Assessment
Refunding & Improvement Series 2017 (BBB/NR) |
|
|
|
120,000 |
|
|
|
3.000 |
|
|
05/01/2021 |
|
120,933 |
|
|
|
125,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
128,025 |
|
|
|
130,000 |
|
|
|
3.000 |
|
|
05/01/2023 |
|
136,029 |
| Fiddlers Creek Community Development District No. 2 Special Assessment Refunding
Series 2019 (NR/NR) |
|
|
|
2,710,000 |
|
|
|
4.250 |
|
|
05/01/2029 |
|
3,031,054 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Fishhawk Ranch Community Development District Special Assessment Refunding Bonds
Series 2020 (AGM) (AA/NR) |
| $ |
|
|
255,000 |
|
|
|
2.000 |
% |
|
11/01/2021 |
|
$ 257,734 |
|
|
|
260,000 |
|
|
|
2.000 |
|
|
11/01/2022 |
|
265,585 |
|
|
|
265,000 |
|
|
|
2.000 |
|
|
11/01/2023 |
|
273,355 |
|
|
|
270,000 |
|
|
|
2.000 |
|
|
11/01/2024 |
|
280,840 |
|
|
|
275,000 |
|
|
|
2.000 |
|
|
11/01/2025 |
|
287,584 |
|
|
|
280,000 |
|
|
|
2.000 |
|
|
11/01/2026 |
|
291,903 |
|
|
|
290,000 |
|
|
|
2.000 |
|
|
11/01/2027 |
|
299,521 |
|
|
|
295,000 |
|
|
|
2.000 |
|
|
11/01/2028 |
|
301,575 |
|
|
|
300,000 |
|
|
|
2.000 |
|
|
11/01/2029 |
|
303,732 |
|
|
|
305,000 |
|
|
|
2.125 |
|
|
11/01/2030 |
|
309,633 |
| Florida Department of Management Services COPS Refunding
Series 2018 A
(AA+/Aa1) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
10,826,600 |
| Florida Development Finance Corp. RB for Imagine School at Broward Series 2019 A
(NR/Baa3)(e) |
|
|
|
300,000 |
|
|
|
2.625 |
|
|
12/15/2024 |
|
307,542 |
| Florida Development Finance Corp. RB Refunding for Nova Southeastern University,
Inc. Series 2020 A (A-/Baa1) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
04/01/2021 |
|
403,880 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
367,500 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
381,377 |
|
|
|
530,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
598,068 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
233,078 |
| Florida State GO Refunding Bonds Series 2015 F (AAA/Aaa) |
|
|
|
5,015,000 |
|
|
|
5.000 |
|
|
06/01/2028 |
|
6,036,656 |
| Fontainbleau Lakes Community Development District Special Assessment RB Refunding
Series 2016 (BBB+/NR) |
|
|
|
230,000 |
|
|
|
2.000 |
|
|
05/01/2021 |
|
231,175 |
|
|
|
235,000 |
|
|
|
2.500 |
|
|
05/01/2022 |
|
240,024 |
|
|
|
245,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
254,362 |
|
|
|
245,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
256,704 |
|
|
|
255,000 |
|
|
|
2.750 |
|
|
05/01/2025 |
|
272,534 |
|
|
|
260,000 |
|
|
|
3.000 |
|
|
05/01/2026 |
|
284,125 |
| Fort Lauderdale RB Refunding Series 2020 (AAA/Aa2) |
|
|
|
18,650,000 |
|
|
|
1.150 |
|
|
01/01/2026 |
|
18,931,242 |
| Greater Orlando Aviation Authority RB Refunding Series 2012 A
(A+/Aa3) |
|
|
|
855,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
883,138 |
| Hawks Point Community Development District Special Assessment Refunding Senior
Series 2017 A-1 (A-/NR)(e) |
|
|
|
235,000 |
|
|
|
3.500 |
|
|
05/01/2021 |
|
237,373 |
|
|
|
245,000 |
|
|
|
3.500 |
|
|
05/01/2022 |
|
253,384 |
|
|
|
250,000 |
|
|
|
3.500 |
|
|
05/01/2023 |
|
266,005 |
| Heritage Isle at Viera Community Development District Special Assessment Refunding
Series 2017 (AGM) (AA/NR) |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
191,981 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
05/01/2022 |
|
207,536 |
|
|
|
205,000 |
|
|
|
4.000 |
|
|
05/01/2023 |
|
218,274 |
| Herons Glen Recreation District Special Assessment Refunding Bonds Series 2020
(BAM) (AA/NR) |
|
|
|
305,000 |
|
|
|
2.500 |
|
|
05/01/2021 |
|
306,882 |
|
|
|
225,000 |
|
|
|
2.500 |
|
|
05/01/2022 |
|
230,351 |
|
|
|
230,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
238,949 |
|
|
|
200,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
210,158 |
|
|
|
175,000 |
|
|
|
2.500 |
|
|
05/01/2025 |
|
185,801 |
|
|
|
200,000 |
|
|
|
2.500 |
|
|
05/01/2026 |
|
214,594 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Highlands Community Development District Special Assessment Refunding Series 2016
(BBB/NR) |
| $ |
|
|
290,000 |
|
|
|
2.250 |
% |
|
05/01/2021 |
|
$ 291,461 |
|
|
|
295,000 |
|
|
|
2.250 |
|
|
05/01/2022 |
|
299,360 |
|
|
|
305,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
315,654 |
|
|
|
315,000 |
|
|
|
2.750 |
|
|
05/01/2024 |
|
331,660 |
|
|
|
320,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
344,525 |
| Hillsborough County Aviation Authority RB for Tampa International Airport Series
2015 A (AMT) (A+/Aa3) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
10/01/2040 |
|
11,226,000 |
| JEA Water & Sewer System RB Refunding Series 2020 A
(AA+/Aa3) |
|
|
|
910,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
1,027,253 |
| JEA Water & Sewer System RB Series 2006 B (NATL-RE) (AA+/Aa3)(c) |
|
|
|
(MUNI-CPI + 0.99%), |
|
|
|
|
|
645,000 |
|
|
|
2.361 |
|
|
10/01/2021 |
|
650,869 |
|
|
|
(MUNI-CPI + 1.00%), |
|
|
|
|
|
670,000 |
|
|
|
2.371 |
|
|
10/01/2022 |
|
682,985 |
| Lake Frances Community Development District Special Assessment Refunding Series
2018 (BBB-/NR) |
|
|
|
75,000 |
|
|
|
3.000 |
|
|
05/01/2021 |
|
75,627 |
|
|
|
79,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
81,281 |
|
|
|
82,000 |
|
|
|
3.000 |
|
|
05/01/2023 |
|
86,190 |
|
|
|
81,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
86,793 |
|
|
|
84,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
91,476 |
| Lakeshore Ranch Community Development District Senior Special Assessment Refunding
Series 2019 A-1 (BBB+/NR) |
|
|
|
250,000 |
|
|
|
3.000 |
|
|
05/01/2021 |
|
251,740 |
|
|
|
135,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
137,997 |
|
|
|
270,000 |
|
|
|
3.000 |
|
|
05/01/2023 |
|
281,570 |
|
|
|
355,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
374,990 |
| Lakewood Ranch Stewardship District Special Assessment RB Refunding for Country
Club East Project Series 2020 (AGM) (AA/NR) |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
278,814 |
|
|
|
435,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
459,095 |
|
|
|
460,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
505,310 |
|
|
|
485,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
551,586 |
|
|
|
335,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
393,936 |
|
|
|
355,000 |
|
|
|
4.500 |
|
|
05/01/2026 |
|
420,551 |
| Lee County Moody River Estates Community Development District Special Assessment
Refunding Senior Series 2017 A-1 (A-/NR) |
|
|
|
290,000 |
|
|
|
3.500 |
|
|
05/01/2021 |
|
292,816 |
|
|
|
300,000 |
|
|
|
3.500 |
|
|
05/01/2022 |
|
310,227 |
|
|
|
305,000 |
|
|
|
3.500 |
|
|
05/01/2023 |
|
324,163 |
|
|
|
320,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
348,669 |
| Miami Special Obligation Non-Ad Valorem RB for Port of Miami Tunnel Project Series
2012 (AA-/Aa3)(e) |
|
|
|
2,635,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
2,653,261 |
|
|
|
2,770,000 |
|
|
|
5.000 |
|
|
03/01/2022 |
|
2,912,101 |
| Miami-Dade County Industrial Development Authority Solid Waste Disposal RB
Refunding for Waste Management, Inc. Project
Series 2018 A (AMT) (A-/NR)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.80%), |
|
|
|
|
|
15,065,000 |
|
|
|
0.890 |
|
|
11/01/2021 |
|
15,074,190 |
| New River Community Development District Special Assessment Refunding Senior Lien
Series 2020 A-1 (BBB/NR)(e) |
|
|
|
105,000 |
|
|
|
3.500 |
|
|
05/01/2021 |
|
105,766 |
|
|
|
110,000 |
|
|
|
3.500 |
|
|
05/01/2022 |
|
112,649 |
|
|
|
115,000 |
|
|
|
3.500 |
|
|
05/01/2023 |
|
120,161 |
|
|
|
120,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
127,212 |
|
|
|
125,000 |
|
|
|
3.500 |
|
|
05/01/2025 |
|
134,846 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| North Broward Hospital District RB Refunding for Broward Health Series 2017 B
(BBB+/Baa2) |
| $ |
|
|
1,000,000 |
|
|
|
5.000 |
% |
|
01/01/2021 |
|
$ 1,000,000 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,040,780 |
| Oak Creek Community Development District Special Assessment Refunding Bonds Series
2015 A-1 (A+/NR) |
|
|
|
185,000 |
|
|
|
3.750 |
|
|
05/01/2024 |
|
199,352 |
| Palm Glades Community Development District Senior Special Assessment Bonds Series
2018 A-1 (A/NR) |
|
|
|
190,000 |
|
|
|
3.000 |
|
|
11/01/2021 |
|
193,701 |
|
|
|
195,000 |
|
|
|
3.000 |
|
|
11/01/2022 |
|
202,888 |
|
|
|
205,000 |
|
|
|
3.000 |
|
|
11/01/2023 |
|
216,991 |
|
|
|
210,000 |
|
|
|
3.000 |
|
|
11/01/2024 |
|
227,039 |
| Parkway Center Community Development District Special Assessment for Amenity
Projects Series 2018-2 (A-/NR) |
|
|
|
85,000 |
|
|
|
3.500 |
|
|
05/01/2021 |
|
85,637 |
|
|
|
85,000 |
|
|
|
3.500 |
|
|
05/01/2022 |
|
87,126 |
|
|
|
90,000 |
|
|
|
3.500 |
|
|
05/01/2023 |
|
94,461 |
|
|
|
95,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
101,314 |
| Parkway Center Community Development District Special Assessment Refunding Series
2018-1 (BBB/NR) |
|
|
|
235,000 |
|
|
|
3.500 |
|
|
05/01/2023 |
|
245,053 |
|
|
|
245,000 |
|
|
|
3.500 |
|
|
05/01/2024 |
|
259,808 |
|
|
|
255,000 |
|
|
|
3.500 |
|
|
05/01/2025 |
|
274,421 |
| Paseo Community Development District Capital Improvement RB Refunding Series 2018
(A-/NR) |
|
|
|
395,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
398,630 |
|
|
|
410,000 |
|
|
|
4.000 |
|
|
05/01/2022 |
|
423,473 |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
05/01/2023 |
|
450,806 |
| Pine Ridge Plantation Community Development District Special Assessment Refunding
Bonds 2020 A-1 (AGM) (AA/NR) |
|
|
|
455,000 |
|
|
|
3.000 |
|
|
05/01/2021 |
|
458,312 |
|
|
|
500,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
532,365 |
|
|
|
515,000 |
|
|
|
2.000 |
|
|
05/01/2025 |
|
534,380 |
|
|
|
520,000 |
|
|
|
2.000 |
|
|
05/01/2026 |
|
539,874 |
|
|
|
535,000 |
|
|
|
2.000 |
|
|
05/01/2027 |
|
551,847 |
| Polk County School District COPS Refunding Series 2020 B (NR/Aa3) |
|
|
|
1,695,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
1,989,998 |
| River Bend Community Development District Special Assessment RB Refunding Senior
Series 2016 A-1 (A-/NR) |
|
|
|
375,000 |
|
|
|
2.000 |
|
|
05/01/2021 |
|
377,003 |
|
|
|
385,000 |
|
|
|
2.500 |
|
|
05/01/2022 |
|
393,897 |
|
|
|
395,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
411,302 |
|
|
|
405,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
426,250 |
|
|
|
415,000 |
|
|
|
2.750 |
|
|
05/01/2025 |
|
445,901 |
|
|
|
425,000 |
|
|
|
3.000 |
|
|
05/01/2026 |
|
467,432 |
| Sarasota National Community Development District Special Assessment Refunding Bonds
Series 2020 (NR/NR) |
|
|
|
250,000 |
|
|
|
3.000 |
|
|
05/01/2021 |
|
251,505 |
|
|
|
760,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
776,165 |
|
|
|
400,000 |
|
|
|
3.000 |
|
|
05/01/2023 |
|
412,524 |
|
|
|
380,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
393,763 |
|
|
|
240,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
248,674 |
| School District of Broward County COPS Series 2012 A (NR/NR)(d) |
|
|
|
7,310,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
7,825,720 |
| South Fork East Community Development District Capital Improvement RB Refunding
Series 2017 (BBB/NR) |
|
|
|
395,000 |
|
|
|
2.625 |
|
|
05/01/2021 |
|
397,362 |
|
|
|
405,000 |
|
|
|
2.875 |
|
|
05/01/2022 |
|
413,064 |
| South Kendall Community Development District Special Assessment Refunding Series
2016 (BBB/NR) |
|
|
|
330,000 |
|
|
|
2.250 |
|
|
11/01/2021 |
|
333,910 |
|
|
|
335,000 |
|
|
|
2.250 |
|
|
11/01/2022 |
|
341,928 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| South Village Community Development District Capital Improvement and Special
Assessment Refunding Senior Lien Series 2016 A-1 (A/NR) |
| $ |
|
|
100,000 |
|
|
|
2.000 |
% |
|
05/01/2021 |
|
$ 100,488 |
|
|
|
100,000 |
|
|
|
2.125 |
|
|
05/01/2022 |
|
101,196 |
|
|
|
100,000 |
|
|
|
2.375 |
|
|
05/01/2023 |
|
102,578 |
|
|
|
100,000 |
|
|
|
2.500 |
|
|
05/01/2024 |
|
103,513 |
|
|
|
100,000 |
|
|
|
2.750 |
|
|
05/01/2025 |
|
105,616 |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
05/01/2026 |
|
107,723 |
| South-Dade Venture Community Development District Special Assessment RB Refunding
Series 2012 (BBB/NR) |
|
|
|
375,000 |
|
|
|
4.375 |
|
|
05/01/2021 |
|
379,387 |
|
|
|
390,000 |
|
|
|
4.500 |
|
|
05/01/2022 |
|
406,985 |
| State Board of Administration Finance Corp. Taxable RB Series 2020 A
(AA/Aa3) |
|
|
|
8,200,000 |
|
|
|
1.258 |
|
|
07/01/2025 |
|
8,387,862 |
| Stonebrier Community Development District Special Assessment Refunding Series 2016
(A-/NR) |
|
|
|
255,000 |
|
|
|
2.250 |
|
|
05/01/2021 |
|
256,086 |
|
|
|
260,000 |
|
|
|
2.250 |
|
|
05/01/2022 |
|
264,774 |
| Summerville Community Development District Special Assessment Refunding Series 2020
(NR/NR) |
|
|
|
109,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
111,045 |
|
|
|
118,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
121,542 |
|
|
|
121,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
124,413 |
|
|
|
725,000 |
|
|
|
3.500 |
|
|
05/01/2031 |
|
766,934 |
|
|
|
787,000 |
|
|
|
4.000 |
|
|
05/01/2036 |
|
834,126 |
| Talis Park Community Development District Capital Improvement RB Refunding Senior
Series 2016 A-1 (BBB+/NR) |
|
|
|
180,000 |
|
|
|
2.250 |
|
|
05/01/2021 |
|
181,076 |
|
|
|
185,000 |
|
|
|
2.250 |
|
|
05/01/2022 |
|
188,251 |
| The Lee County School Board COPS Series 2020 A (AA-/Aa3) |
|
|
|
195,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
200,339 |
|
|
|
360,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
386,932 |
|
|
|
640,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
716,480 |
|
|
|
420,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
488,846 |
|
|
|
520,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
628,254 |
| The Miami-Dade County School Board GO Bonds Series 2014 A (AA-/Aa2) |
|
|
|
2,920,000 |
|
|
|
5.000 |
|
|
03/15/2029 |
|
3,325,676 |
| Tolomato Community Development District Special Assessment GO Refunding Bonds
Senior Lien Series 2018 A-1 (AGM) (AA/NR) |
|
|
|
990,000 |
|
|
|
2.125 |
|
|
05/01/2021 |
|
995,237 |
|
|
|
1,015,000 |
|
|
|
2.250 |
|
|
05/01/2022 |
|
1,038,376 |
|
|
|
1,040,000 |
|
|
|
2.500 |
|
|
05/01/2023 |
|
1,084,148 |
| Trails at Monterey Community Development District Special Assessment Refunding
Series 2012 (A-/NR) |
|
|
|
115,000 |
|
|
|
3.750 |
|
|
05/01/2021 |
|
116,262 |
|
|
|
125,000 |
|
|
|
3.875 |
|
|
05/01/2022 |
|
129,892 |
|
|
|
125,000 |
|
|
|
4.000 |
|
|
05/01/2023 |
|
130,122 |
|
|
|
135,000 |
|
|
|
4.125 |
|
|
05/01/2024 |
|
141,251 |
|
|
|
140,000 |
|
|
|
4.150 |
|
|
05/01/2025 |
|
146,314 |
|
|
|
145,000 |
|
|
|
4.250 |
|
|
05/01/2026 |
|
151,496 |
| Two Creeks Community Development District RB Refunding for Capital Improvement
Senior Lien Series 2016 A-1 (A/NR) |
|
|
|
345,000 |
|
|
|
2.250 |
|
|
05/01/2021 |
|
346,939 |
| Verano #1 Community Development District Senior Special Assessment Refunding for
Community Infrastructure Project Series 2017 A-1 (BBB/NR)(e) |
|
|
|
315,000 |
|
|
|
2.750 |
|
|
05/01/2021 |
|
317,205 |
|
|
|
325,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
333,167 |
|
|
|
335,000 |
|
|
|
3.100 |
|
|
05/01/2023 |
|
350,752 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Florida – (continued) |
| Viera East Community Development District Special Assessment Bonds Series 2020
(AGM) (AA/NR) |
| $ |
|
|
475,000 |
|
|
|
2.000 |
% |
|
05/01/2023 |
|
$ 485,711 |
|
|
|
490,000 |
|
|
|
2.000 |
|
|
05/01/2024 |
|
504,127 |
|
|
|
500,000 |
|
|
|
2.000 |
|
|
05/01/2025 |
|
516,455 |
|
|
|
795,000 |
|
|
|
2.000 |
|
|
05/01/2026 |
|
819,987 |
| Villa Portofino West Community District Special Assessment Refunding Series 2020
(NR/NR) |
|
|
|
172,000 |
|
|
|
3.000 |
|
|
05/01/2021 |
|
172,924 |
|
|
|
158,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
160,964 |
|
|
|
165,000 |
|
|
|
3.000 |
|
|
05/01/2023 |
|
169,443 |
|
|
|
171,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
176,133 |
|
|
|
177,000 |
|
|
|
3.000 |
|
|
05/01/2025 |
|
181,993 |
|
|
|
973,000 |
|
|
|
3.500 |
|
|
05/01/2030 |
|
1,017,525 |
|
|
|
1,433,000 |
|
|
|
4.000 |
|
|
05/01/2036 |
|
1,518,808 |
| Village Community Development District No. 10 Special Assessment RB Series 2012
(NR/NR) |
|
|
|
460,000 |
|
|
|
4.500 |
|
|
05/01/2023 |
|
477,351 |
| Village Community Development District No. 6 Special Assessment RB Refunding Series
2017 (A-/NR) |
|
|
|
325,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
328,464 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
05/01/2022 |
|
364,133 |
|
|
|
365,000 |
|
|
|
4.000 |
|
|
05/01/2023 |
|
389,940 |
|
|
|
390,000 |
|
|
|
4.000 |
|
|
05/01/2024 |
|
427,148 |
|
|
|
310,000 |
|
|
|
4.000 |
|
|
05/01/2025 |
|
347,340 |
| Village Community Development District No. 8 Special Assessment RB Phase II Series
2020 (AGM) (AA/NR) |
|
|
|
660,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
669,069 |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
680,198 |
|
|
|
680,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
743,838 |
|
|
|
720,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
814,284 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
874,650 |
|
|
|
790,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
944,982 |
| Village Community Development District No. 8 Special Assessment RB Phase III Series
2020 (AGM) (AA/NR) |
|
|
|
595,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
603,175 |
|
|
|
580,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
611,575 |
|
|
|
610,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
667,712 |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
730,146 |
|
|
|
670,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
782,279 |
|
|
|
705,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
844,520 |
| Vizcaya In Kendall Community Development District Special Assessment Bonds Series
2016 (BBB-/NR) |
|
|
|
205,000 |
|
|
|
2.250 |
|
|
11/01/2021 |
|
207,210 |
|
|
|
210,000 |
|
|
|
2.250 |
|
|
11/01/2022 |
|
213,618 |
|
|
|
215,000 |
|
|
|
2.500 |
|
|
11/01/2023 |
|
222,390 |
| Volusia County School Board COPS Series 2019 (NR/Aa3) |
|
|
|
1,350,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
1,386,963 |
|
|
|
1,255,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
1,348,887 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
1,387,775 |
| Waters Edge Community Development District Capital Improvement RB Refunding Senior
Lien Series 2015 A-1 (BBB+/NR) |
|
|
|
400,000 |
|
|
|
2.625 |
|
|
05/01/2021 |
|
402,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
298,476,965 |
| |
| Georgia – 4.2% |
| Bartow County Development Authority RB for Georgia Power Co. Series 2013 (A-/Baa1)(a)(b) |
|
|
|
6,360,000 |
|
|
|
1.550 |
|
|
08/19/2022 |
|
6,461,506 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Georgia – (continued) |
| Brookhaven Development Authority RB for Children’s Healthcare of Atlanta
Obligated Group Series 2019 A (AA+/Aa2) |
| $ |
|
|
1,500,000 |
|
|
|
5.000 |
% |
|
07/01/2022 |
|
$ 1,605,825 |
|
|
|
1,585,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
1,771,317 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
1,745,925 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Plant Vogtle Project Fifth Series 1994 (A-/Baa1)(a)(b) |
|
|
|
3,975,000 |
|
|
|
2.150 |
|
|
06/13/2024 |
|
4,151,888 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Plant Vogtle Project Fourth Series 1994 (A-/Baa1)(a)(b) |
|
|
|
2,115,000 |
|
|
|
2.250 |
|
|
05/25/2023 |
|
2,188,623 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Plant Vogtle Project Second Series 2008 (A-/NR)(a)(b) |
|
|
|
4,000,000 |
|
|
|
2.925 |
|
|
03/12/2024 |
|
4,262,640 |
| Burke County Development Authority Pollution Control RB for Georgia Power Company
Series 1994 (A-/Baa1)(a)(b) |
|
|
|
80,000 |
|
|
|
2.150 |
|
|
06/13/2024 |
|
83,560 |
| Burke County Development Authority Pollution Control RB for Oglethorpe Power Corp.
Series 2013 A (BBB+/Baa1)(a)(b) |
|
|
|
2,000,000 |
|
|
|
1.500 |
|
|
02/03/2025 |
|
2,042,140 |
| Burke County Development Authority Pollution Control RB for Oglethorpe Power Corp.
Vogtle Series 2017 F (A-/Baa1)(a)(b) |
|
|
|
29,150,000 |
|
|
|
3.000 |
|
|
02/01/2023 |
|
30,422,689 |
| Burke County Development Authority Pollution Control RB Refunding for Georgia Power
Co. Series 2012 (A-/Baa1)(a)(b) |
|
|
|
6,045,000 |
|
|
|
1.550 |
|
|
08/19/2022 |
|
6,141,478 |
|
|
|
23,865,000 |
|
|
|
1.700 |
|
|
08/22/2024 |
|
24,609,111 |
| Carroll County School District GO Bonds Series 2020 (ST AID WITHHLDG)
(NR/Aa1) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
230,748 |
|
|
|
220,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
263,886 |
| City of Atlanta Department of Aviation RB Refunding Series 2020 A
(AA-/Aa3) |
|
|
|
1,985,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
2,305,161 |
|
|
|
4,900,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
5,902,050 |
|
|
|
5,500,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
6,837,105 |
| City of Atlanta Department of Aviation RB Refunding Series 2020 B (AMT)
(AA-/Aa3) |
|
|
|
1,280,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
1,479,206 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
2,394,200 |
|
|
|
2,410,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
2,973,844 |
| City of Atlanta Tax Allocation Refunding Bonds for Atlantic Station Project Series
2017 (BBB/A3) |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
594,665 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
535,095 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
553,055 |
| Cobb County Kennestone Hospital Authority RB Refunding for WellStar Health System
Obligated Group Series 2020 A (A/A2) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
165,352 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
237,474 |
| Cobb County Kennestone Hospital Authority RB Refunding for WellStar Health System
Obligated Group Series 2021 (A/A2)(h) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
739,571 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
659,988 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
742,891 |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
1,125,807 |
| County of DeKalb Water & Sewerage RB Series 2011 (A+/Aa3) |
|
|
|
12,775,000 |
|
|
|
5.250 |
|
|
10/01/2041 |
|
13,160,933 |
| County of Forsyth GO Sales Tax Bonds Series 2019 (AAA/Aaa) |
|
|
|
8,025,000 |
|
|
|
5.000 |
|
|
09/01/2024 |
|
9,434,752 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Georgia – (continued) |
| De Kalb County School District GO Sales Tax Bonds Series 2017 (ST AID WITHHLDG)
(AA+/Aa1) |
| $ |
|
|
25,000,000 |
|
|
|
4.000 |
% |
|
10/01/2021 |
|
$ 25,704,750 |
|
|
|
18,845,000 |
|
|
|
4.000 |
|
|
10/01/2022 |
|
20,087,451 |
| De Kalb Private Hospital Authority RB for Children’s Healthcare of Atlanta
Obligated Group Series 2019 B (AA+/Aa2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
1,117,550 |
| Fayette County Hospital Authority RB Refunding for Piedmont Healthcare, Inc.
Obligated Group Series 2019 A (AA-/A1)(a)(b) |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
1,247,367 |
| Georgia State GO Bonds Series 2020 A (AAA/Aaa) |
|
|
|
37,585,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
44,038,720 |
| Georgia State GO Refunding Bonds Series 2011 E-2 (AAA/Aaa) |
|
|
|
9,265,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
9,560,553 |
| Georgia State Road & Tollway Authority RB Refunding Series 2011 B
(AAA/Aaa) |
|
|
|
5,445,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
5,641,619 |
| Henry County School District GO Bonds Series 2018 (ST AID WITHHLDG)
(AA+/Aa1) |
|
|
|
3,250,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
3,340,122 |
|
|
|
5,340,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
5,744,772 |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2018 A
(NR/Aa2)(a)(b) |
|
|
|
56,500,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
61,539,235 |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2019 A (A-/A3) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
05/15/2021 |
|
762,292 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
1,060,670 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
05/15/2023 |
|
1,651,290 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
05/15/2024 |
|
1,707,765 |
| Main Street Natural Gas, Inc. Gas Supply RB Series 2019 B
(NR/Aa1)(a)(b) |
|
|
|
60,465,000 |
|
|
|
4.000 |
|
|
12/02/2024 |
|
68,547,357 |
| Metropolitan Atlanta Rapid Transit Authority Sales Tax RB Refunding Series 2018 A
(AA+/Aa2) |
|
|
|
25,580,000 |
|
|
|
3.000 |
|
|
07/01/2022 |
|
26,652,058 |
| Milledgeville & Baldwin County Development Authority Student Housing RB
Refunding for Georgia College & State University Foundation Property V, LLC Project Series 2007 (AMBAC)
(A+/WR)(c) |
|
|
|
(3 Mo. LIBOR + 0.60%), |
|
|
|
|
|
14,565,000 |
|
|
|
0.751 |
|
|
10/01/2024 |
|
14,559,611 |
| Municipal Electric Authority of Georgia RB Refunding for Combined Cycle Project
Series 2020 A (A-/A1) |
|
|
|
1,300,000 |
|
|
|
3.000 |
|
|
11/01/2021 |
|
1,329,237 |
|
|
|
1,250,000 |
|
|
|
3.000 |
|
|
11/01/2022 |
|
1,310,350 |
|
|
|
2,650,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
2,920,883 |
|
|
|
3,000,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
3,405,780 |
|
|
|
800,000 |
|
|
|
4.000 |
|
|
11/01/2025 |
|
932,208 |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
997,944 |
| Municipal Electric Authority of Georgia RB Refunding Series 2020 A
(A-/A2) |
|
|
|
2,875,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
3,007,451 |
|
|
|
3,875,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
4,228,555 |
|
|
|
2,250,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
2,549,993 |
| Municipal Electric Authority of Georgia RB Series 2007 A-2
(NATL-RE) (A-/A2)(c) |
|
|
|
(MUNI-CPI + 1.05%), |
|
|
|
|
|
995,000 |
|
|
|
2.665 |
|
|
01/01/2021 |
|
995,000 |
|
|
|
(MUNI-CPI + 1.05%), |
|
|
|
|
|
1,410,000 |
|
|
|
2.665 |
|
|
01/01/2022 |
|
1,426,356 |
| Municipal Electric Authority RB Refunding Series 2019 A (A-/A2) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
600,000 |
|
|
|
1,090,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,140,216 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
982,116 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Georgia – (continued) |
| Private Colleges & Universities Authority RB Refunding for Emory University
Series 2020 B (AA/Aa2) |
| $ |
|
|
12,250,000 |
|
|
|
5.000 |
% |
|
09/01/2025 |
|
$ 14,940,345 |
| Richmond County Development Authority RB Subordinate Series 1991 C (ETM) (NR/Aaa)(d)(f) |
|
|
|
10,130,000 |
|
|
|
0.000 |
|
|
12/01/2021 |
|
10,110,753 |
| Savannah Economic Development Authority Pollution Control RB Refunding for
International Paper Company Series 2019 B (BBB/Baa2) |
|
|
|
6,090,000 |
|
|
|
1.900 |
|
|
08/01/2024 |
|
6,398,154 |
| Savannah Economic Development Authority RB Refunding for International Paper Co.
Series 2019 A (BBB/Baa2)(a)(b) |
|
|
|
425,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
449,072 |
| The Dalton City Board of Water Light & Sinking Fund Commissioners RB Series
2020 (A-/A2) |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
03/01/2022 |
|
341,945 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
547,825 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
03/01/2024 |
|
398,398 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
03/01/2025 |
|
471,888 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
488,270,136 |
| |
| Guam – 0.2% |
| A.B. Won Pat International Airport Authority RB Refunding General Series 2019 A
(AMT) (BB+/Baa2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
1,044,150 |
|
|
|
825,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
879,367 |
| A.B. Won Pat International Airport Authority Taxable Refunding RB General Series
2019 B (BB+/Baa2) |
|
|
|
3,350,000 |
|
|
|
3.133 |
|
|
10/01/2024 |
|
3,345,276 |
|
|
|
2,000,000 |
|
|
|
3.319 |
|
|
10/01/2025 |
|
1,996,500 |
| Guam Government Privilege Special Tax Refunding Bonds Series 2015 D
(BB/NR) |
|
|
|
3,775,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
3,891,497 |
| Guam International Airport Authority RB Refunding for Series 2013 C (AMT) (ETM)
(AGM-CR) (AA/A2)(d) |
|
|
|
1,060,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
1,096,337 |
| Guam Power Authority RB Refunding Series 2012 A (AGM) (AA/A2) |
|
|
|
1,535,000 |
|
|
|
5.000 |
|
|
10/01/2030 |
|
1,650,555 |
| Guam Waterworks Authority RB for Water & Wastewater System Series 2016
(A-/Baa2) |
|
|
|
310,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
316,126 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
529,760 |
| Guam Waterworks Authority RB Refunding for Water & Wastewater System Series
2017 (A-/Baa2) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
407,904 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
423,808 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
549,060 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
454,356 |
| Port Authority of Guam Private Activity RB Series 2018 B (AMT)
(A/Baa2) |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
839,696 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
540,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,964,832 |
| |
| Hawaii – 0.3% |
| City & County Honolulu RB for Wastewater System Series 2019 A
(AA/Aa2) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
511,895 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
536,050 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
223,616 |
| City & County Honolulu RB Refunding for Wastewater System
Series 2019 B
(AA/Aa2) |
|
|
|
720,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
737,129 |
| Hawaii State GO Bonds Series 2011 DZ (NR/NR)(d) |
|
|
|
3,185,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
3,323,547 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Hawaii – (continued) |
| Hawaii State GO Bonds Series 2013 EH (NR/NR)(d) |
| $ |
|
|
6,125,000 |
|
|
|
5.000 |
% |
|
08/01/2023 |
|
$ 6,873,842 |
| Hawaii State GO Refunding Bonds Series 2016 FH (AA+/Aa2) |
|
|
|
7,545,000 |
|
|
|
3.000 |
|
|
10/01/2021 |
|
7,704,879 |
| Honolulu City & County GO Bonds Series 2012 A (AA+/Aa1)(d) |
|
|
|
3,620,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
3,938,669 |
| Honolulu City & County GO Bonds Series 2012 B (AA+/Aa1) |
|
|
|
3,060,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
3,327,597 |
| Honolulu City & County GO Bonds Series 2017 A (AA+/Aa1) |
|
|
|
4,370,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
4,509,403 |
| State of Hawaii Airports System RB Refunding Series 2020 E
(A+/A1) |
|
|
|
910,000 |
|
|
|
1.392 |
|
|
07/01/2025 |
|
929,319 |
|
|
|
1,350,000 |
|
|
|
1.706 |
|
|
07/01/2026 |
|
1,387,625 |
| State of Hawaii Airports System Revenue COPS Series 2013 (AMT) (A/A2) |
|
|
|
3,065,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
3,373,002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,376,573 |
| |
| Idaho – 0.0% |
| Idaho Health Facilities Authority RB Refunding for Trinity Health Corp. Obligated
Group Series 2015 D (AA-/Aa3) |
|
|
|
1,170,000 |
|
|
|
5.500 |
|
|
12/01/2026 |
|
1,430,313 |
| |
| Illinois – 6.5% |
| Champaign County Community Unit School District No. 4 Champaign GO Bonds Series
2020 A (AA/NR)(f) |
|
|
|
100,000 |
|
|
|
0.000 |
|
|
01/01/2022 |
|
99,566 |
|
|
|
100,000 |
|
|
|
0.000 |
|
|
01/01/2023 |
|
98,880 |
|
|
|
385,000 |
|
|
|
0.000 |
|
|
01/01/2024 |
|
377,604 |
|
|
|
480,000 |
|
|
|
0.000 |
|
|
01/01/2025 |
|
466,623 |
| Champaign County Community Unit School District No. 4 Champaign GO Refunding Bonds
Series 2020 B (AA/NR) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
700,000 |
|
|
|
770,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
806,020 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
601,568 |
|
|
|
270,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
306,777 |
| Chicago Illinois Board of Education GO Bonds Capital Appreciation for School Reform
Series 1998 B-1 (NATL-RE) (BB-/Baa2)(f) |
|
|
|
540,000 |
|
|
|
0.000 |
|
|
12/01/2026 |
|
467,121 |
|
|
|
450,000 |
|
|
|
0.000 |
|
|
12/01/2027 |
|
375,678 |
|
|
|
460,000 |
|
|
|
0.000 |
|
|
12/01/2029 |
|
355,180 |
| Chicago Illinois Board of Education GO Bonds Series 1999 A
(NATL-RE) (BB-/Baa2)(f) |
|
|
|
9,235,000 |
|
|
|
0.000 |
|
|
12/01/2024 |
|
8,492,044 |
| Chicago Illinois Board of Education Unlimited Tax GO Bonds for Capital Appreciation
Boards School Reform Series 1998 B-1
(NATL-RE) (BB-/Baa2)(f) |
|
|
|
550,000 |
|
|
|
0.000 |
|
|
12/01/2025 |
|
491,243 |
| Chicago Illinois Board of Education Unlimited Tax GO Refunding Bonds for Dedicated
Revenues Series 2018 A (AGM) (AA/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
537,060 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
5,557,850 |
|
|
|
7,675,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
8,816,426 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
2,962,200 |
|
|
|
1,270,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
1,542,707 |
| Chicago Illinois Capital Appreciation GO Refunding Bonds and Project Series 2009 C
(BBB+/Ba1)(f) |
|
|
|
4,645,000 |
|
|
|
0.000 |
|
|
01/01/2023 |
|
4,386,692 |
| Chicago Illinois Emergency Telephone System GO Refunding Bonds Series 1999
(NATL-RE) (BBB+/Baa2) |
|
|
|
10,130,000 |
|
|
|
5.500 |
|
|
01/01/2023 |
|
10,554,650 |
| Chicago Illinois GO Bonds Project and Refunding RMKT 05/29/15 Series 2003 B
(BBB+/Ba1) |
|
|
|
4,995,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
5,297,048 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago Illinois GO Bonds Project and Refunding Series 2014 A
(BBB+/Ba1) |
| $ |
|
|
2,125,000 |
|
|
|
5.000 |
% |
|
01/01/2022 |
|
$ 2,190,492 |
| Chicago Illinois GO Bonds Project Series 2011 A (BBB+/Ba1) |
|
|
|
15,460,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
15,477,470 |
| Chicago Illinois GO Bonds Series 2019 (BBB+/NR) |
|
|
|
3,775,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
4,281,265 |
| Chicago Illinois GO Refunding Bonds Series 2012 C (BBB+/Ba1) |
|
|
|
14,455,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
15,126,868 |
| Chicago Illinois GO Refunding Bonds Series 2015 C (BBB+/NR) |
|
|
|
2,030,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
2,030,000 |
| Chicago Illinois Midway Airport RB Refunding for Second Lien
Series 2016 A (AMT)
(A-/NR) |
|
|
|
3,240,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
3,629,837 |
| Chicago Illinois Midway Airport RB Refunding Second Lien
Series 2014 B
(A-/A3) |
|
|
|
4,970,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
5,578,974 |
| Chicago Illinois O’Hare International Airport RB Refunding for General Airport
Senior Lien Series 2013 B (A/A2) |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
1,118,951 |
|
|
|
1,605,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
1,753,222 |
|
|
|
1,485,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
1,617,477 |
| Chicago Illinois O’Hare International Airport RB Refunding for General Airport
Senior Lien Series 2020 D (A/NR) |
|
|
|
1,750,000 |
|
|
|
0.959 |
|
|
01/01/2023 |
|
1,753,115 |
|
|
|
1,500,000 |
|
|
|
1.168 |
|
|
01/01/2024 |
|
1,505,295 |
|
|
|
7,800,000 |
|
|
|
1.368 |
|
|
01/01/2025 |
|
7,806,786 |
| Chicago Illinois O’Hare International Airport RB Refunding General Airport
Senior Lien Series 2015 B (A/NR) |
|
|
|
4,300,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
4,300,000 |
| Chicago Illinois O’Hare International Airport RB Refunding
Series 2015 A
(AMT) (A/NR) |
|
|
|
7,025,000 |
|
|
|
5.000 |
|
|
01/01/2034 |
|
8,027,538 |
| Chicago Illinois Sales Tax RB Series 2011 A (NR/WR)(d) |
|
|
|
5,000,000 |
|
|
|
5.250 |
|
|
01/01/2022 |
|
5,252,400 |
| Chicago Illinois Sales Tax Refunding RMKT 06/09/15 Series 2002 (ETM) (BBB-/NR)(d) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
1,250,000 |
| Chicago Illinois Wastewater Transmission RB Refunding Second Lien Project Series
2008 C (A/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
1,000,000 |
| Chicago Illinois Wastewater Transmission RB Refunding Second Lien Series 2017 B
(A/NR) |
|
|
|
2,050,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
2,050,000 |
|
|
|
1,450,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,512,364 |
| Chicago Illinois Wastewater Transmission RB Second Lien Series 2017 A
(A/NR) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
600,000 |
|
|
|
1,660,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,731,397 |
| Chicago Illinois Water RB Refunding Second Lien Project RMKT 05/23/16 Series 2004
(A/NR) |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
6,215,160 |
| Chicago Illinois Waterworks RB Refunding Second Lien Project
Series 2017-2
(A/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
1,035,860 |
| Chicago O’Hare International Airport Customer Facility Charge RB
Series
2013 (BBB/Baa1) |
|
|
|
1,025,000 |
|
|
|
5.750 |
|
|
01/01/2038 |
|
1,094,454 |
| Chicago O’Hare International Airport Passenger Facility Charge RB Refunding
Series 2012 A (A/A2) |
|
|
|
1,195,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
1,250,173 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Chicago O’Hare International Airport Passenger Facility Charge RB Refunding
Series 2012 B (AMT) (A/A2) |
| $ |
|
|
5,000,000 |
|
|
|
5.000 |
% |
|
01/01/2026 |
|
$ 5,215,150 |
|
|
|
2,980,000 |
|
|
|
4.000 |
|
|
01/01/2027 |
|
3,067,761 |
|
|
|
5,790,000 |
|
|
|
5.000 |
|
|
01/01/2030 |
|
6,018,879 |
| Chicago Park District GO Refunding Bonds Series 2020 F-2 (AA-/NR) |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
399,595 |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
556,918 |
| Chicago Transit Authority Sales Tax Receipts Fund RB Refunding
Series 2020 B
(AA/NR) |
|
|
|
1,215,000 |
|
|
|
1.708 |
|
|
12/01/2022 |
|
1,234,270 |
|
|
|
1,405,000 |
|
|
|
1.838 |
|
|
12/01/2023 |
|
1,440,968 |
|
|
|
1,605,000 |
|
|
|
2.064 |
|
|
12/01/2024 |
|
1,662,266 |
|
|
|
1,660,000 |
|
|
|
2.214 |
|
|
12/01/2025 |
|
1,737,555 |
| City of Chicago GO Refunding Bonds Series 2014 A (BBB+/Ba1) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
543,095 |
| City of Chicago GO Refunding Bonds Series 2016 C (BBB+/NR) |
|
|
|
5,450,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
5,617,969 |
|
|
|
10,040,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
10,646,617 |
| City of Chicago GO Refunding Bonds Series 2016 C (ETM) (NR/NR)(d) |
|
|
|
10,550,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
11,045,745 |
|
|
|
5,020,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
5,491,729 |
| City of Chicago GO Refunding Bonds Series 2020 A (BBB+/NR) |
|
|
|
4,675,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
5,241,610 |
| Cook County Community Consolidated School District No. 59 Elk Grove GO Bonds Series
2020 (AAA/NR) |
|
|
|
1,250,000 |
|
|
|
4.000 |
|
|
03/01/2023 |
|
1,350,950 |
|
|
|
1,600,000 |
|
|
|
4.000 |
|
|
03/01/2024 |
|
1,787,296 |
| Cook County Community School District No. 97 Oak Park GO Bonds Series 2020
(NR/Aa2) |
|
|
|
550,000 |
|
|
|
4.000 |
|
|
01/01/2021 |
|
550,000 |
|
|
|
200,000 |
|
|
|
4.000 |
|
|
01/01/2022 |
|
207,382 |
|
|
|
590,000 |
|
|
|
4.000 |
|
|
01/01/2023 |
|
633,253 |
|
|
|
190,000 |
|
|
|
4.000 |
|
|
01/01/2024 |
|
210,360 |
| Cook County School District No. 95 GO Refunding Bonds for Brookfield-Lagrange Park
Project Series 2017 A (NR/Aa2) |
|
|
|
710,000 |
|
|
|
4.000 |
|
|
12/01/2021 |
|
732,550 |
|
|
|
800,000 |
|
|
|
4.000 |
|
|
12/01/2022 |
|
852,088 |
| Cook Kane Lake & McHenry Counties Community College District No. 512 GO
Refunding Bonds for William Rainey Harper College
Series 2017 B (NR/Aaa) |
|
|
|
9,000,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
9,812,160 |
| DeKalb Kane & LaSalle Counties Etc. Community College District No. 523
Kishwaukee GO Refunding Bonds Series 2020 (AA-/NR) |
|
|
|
500,000 |
|
|
|
1.960 |
|
|
02/01/2024 |
|
505,180 |
| Illinois Development Finance Authority RB for United Community & Housing
Development Corp. Series 1991 A (ETM) (AA+/NR)(d)(f) |
|
|
|
19,705,000 |
|
|
|
0.000 |
|
|
07/15/2023 |
|
19,506,965 |
| Illinois Finance Authority Charter School RB Refunding & Improvement Bonds for
Chicago International Charter School Project Series 2017 A (BBB/NR) |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
12/01/2021 |
|
431,893 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
315,528 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
493,151 |
| Illinois Finance Authority RB for Northwestern Memorial Healthcare Obligated Group
Series 2017 B (AA+/Aa2)(a)(b) |
|
|
|
5,000 |
|
|
|
5.000 |
|
|
12/15/2022 |
|
5,438 |
| Illinois Finance Authority RB for OSF Healthcare System Obligated Group Series 2020
B-1 (A/A3)(a)(b) |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
4,009,880 |
| Illinois Finance Authority RB for OSF Healthcare System Obligated Group Series 2020
B-2 (A/A3)(a)(b) |
|
|
|
4,500,000 |
|
|
|
5.000 |
|
|
11/15/2026 |
|
5,492,565 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Illinois Finance Authority RB for Trinity Health Credit Group
Series 2011 L
(AA-/Aa3)(d) |
| $ |
|
|
7,050,000 |
|
|
|
5.000 |
% |
|
12/01/2021 |
|
$ 7,356,675 |
| Illinois Finance Authority RB for University of Illinois Series 2020
(BBB+/NR) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
286,827 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
295,998 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
606,865 |
| Illinois Finance Authority RB Refunding for American Water Capital Corp. Project
Series 2020 (A/Baa1)(a)(b) |
|
|
|
1,890,000 |
|
|
|
0.700 |
|
|
09/01/2023 |
|
1,887,883 |
| Illinois Finance Authority RB Refunding for Franciscan Communities Project Series
2017 A (BBB-/NR) |
|
|
|
1,125,000 |
|
|
|
3.250 |
|
|
05/15/2022 |
|
1,135,744 |
| Illinois Finance Authority RB Refunding for Illinois Institute of Technology Series
2019 (NR/Baa3) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
1,017,900 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
09/01/2024 |
|
1,129,740 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
696,132 |
| Illinois Finance Authority RB Refunding for Illinois Wesleyan University Series
2016 (A-/Baa2) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
09/01/2021 |
|
508,345 |
| Illinois Finance Authority RB Refunding for Northwestern Memorial Healthcare Series
2017 B (AA+/Aa2)(a)(b) |
|
|
|
8,385,000 |
|
|
|
5.000 |
|
|
12/15/2022 |
|
9,119,778 |
| Illinois Finance Authority RB Refunding for Swedish Covenant Health Obligated Group
Series 2016 A (AA-/NR)(d) |
|
|
|
7,375,000 |
|
|
|
5.250 |
|
|
08/15/2026 |
|
9,352,975 |
| Illinois Sales Tax Securitization Corp. RB Refunding Second Lien
Series 2020 A
(AA-/NR) |
|
|
|
2,240,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
2,580,973 |
|
|
|
3,055,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
3,630,531 |
| Illinois Sales Tax Securitization Corp. RB Refunding Series 2017 A
(AA-/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
500,000 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,031,820 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
1,616,085 |
| Illinois Sales Tax Securitization Corp. RB Refunding Series 2018 C
(AA-/NR) |
|
|
|
4,180,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
4,816,280 |
| Illinois Sports Facilities Authority RB Bonds Series 2001 (AMBAC) (BB+/WR)(f) |
|
|
|
10,665,000 |
|
|
|
0.000 |
|
|
06/15/2023 |
|
10,137,082 |
|
|
|
3,235,000 |
|
|
|
0.000 |
|
|
06/15/2025 |
|
2,926,446 |
| Illinois Sports Facilities Authority Refunding Bonds Series 2014 (AGM)
(AA/NR) |
|
|
|
10,150,000 |
|
|
|
5.250 |
|
|
06/15/2032 |
|
11,366,782 |
| Illinois State GO Bonds Series 2012 (BBB-/Baa3) |
|
|
|
1,585,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
1,594,938 |
| Illinois State GO Bonds Series 2013 (BBB-/Baa3) |
|
|
|
4,045,000 |
|
|
|
5.500 |
|
|
07/01/2024 |
|
4,408,767 |
|
|
|
2,200,000 |
|
|
|
5.500 |
|
|
07/01/2026 |
|
2,384,426 |
|
|
|
3,425,000 |
|
|
|
5.500 |
|
|
07/01/2027 |
|
3,698,041 |
| Illinois State GO Bonds Series 2014 (BBB-/Baa3) |
|
|
|
3,255,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
3,598,858 |
| Illinois State GO Bonds Series 2016 (BBB-/Baa3) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
5,484,950 |
| Illinois State GO Bonds Series 2017 B (BBB-/Baa3) |
|
|
|
9,000,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
9,319,500 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| Illinois State GO Bonds Series 2017 D (BBB-/Baa3) |
| $ |
|
|
33,615,000 |
|
|
|
5.000 |
% |
|
11/01/2021 |
|
$ 34,566,641 |
|
|
|
49,395,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
52,150,747 |
|
|
|
38,115,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
41,138,282 |
|
|
|
4,850,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
5,416,140 |
|
|
|
21,510,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
24,318,991 |
| Illinois State GO Bonds Series 2018 A (BBB-/Baa3) |
|
|
|
13,400,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
13,572,592 |
| Illinois State GO Bonds Series 2018 B (BBB-/Baa3) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
5,064,400 |
| Illinois State GO Bonds Series 2019 A (BBB-/Baa3) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
4,473,720 |
| Illinois State GO Bonds Series 2020 (BBB-/Baa3) |
|
|
|
2,000,000 |
|
|
|
5.125 |
|
|
05/01/2022 |
|
2,103,780 |
|
|
|
2,000,000 |
|
|
|
5.375 |
|
|
05/01/2023 |
|
2,174,160 |
|
|
|
2,100,000 |
|
|
|
5.500 |
|
|
05/01/2024 |
|
2,355,612 |
| Illinois State GO Bonds Series 2020 D (BBB-/Baa3) |
|
|
|
13,000,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
14,512,550 |
| Illinois State GO Refunding Bonds Series 2013 A (BBB-/Baa3) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
04/01/2021 |
|
2,019,140 |
| Illinois State GO Refunding Bonds Series 2018 A (BBB-/Baa3) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
2,232,700 |
| Illinois State RB Refunding Series 2016 C (BBB/NR) |
|
|
|
460,000 |
|
|
|
4.000 |
|
|
06/15/2024 |
|
498,714 |
| Illinois State Sales Tax RB for Build Junior Obligation Series 2013
(BBB/NR) |
|
|
|
12,500,000 |
|
|
|
5.000 |
|
|
06/15/2021 |
|
12,707,000 |
|
|
|
310,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
326,291 |
|
|
|
1,770,000 |
|
|
|
5.000 |
|
|
06/15/2023 |
|
1,925,441 |
|
|
|
115,000 |
|
|
|
5.000 |
|
|
06/15/2024 |
|
125,049 |
| Illinois State Sales Tax RB Junior Obligation Series 2016 A (BBB/NR) |
|
|
|
2,125,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
2,236,669 |
| Illinois State Sales Tax RB Refunding Junior Obligation Series 2016 C
(BBB/NR) |
|
|
|
1,200,000 |
|
|
|
4.000 |
|
|
06/15/2021 |
|
1,214,568 |
|
|
|
3,225,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
3,394,474 |
| Illinois State Sales Tax RB Refunding Junior Obligation Series 2016 D
(BBB/NR) |
|
|
|
2,675,000 |
|
|
|
4.000 |
|
|
06/15/2021 |
|
2,707,475 |
| Illinois State Sales Tax RB Series 2013 (BBB/NR) |
|
|
|
175,000 |
|
|
|
2.450 |
|
|
06/15/2022 |
|
175,217 |
| Illinois State Toll Highway Authority RB Refunding Senior
Series 2018 A
(AA-/A1) |
|
|
|
2,250,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
2,455,762 |
| Illinois State Toll Highway Authority RB Refunding Senior
Series 2019 C
(AA-/A1) |
|
|
|
9,395,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
11,095,307 |
| Illinois State Toll Highway Authority RB Refunding Series 2014 D
(AA-/A1) |
|
|
|
18,390,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
20,900,787 |
| Kane County School District No. 129 West Aurora GO Refunding Bonds Series 2015
(AGM) (AA/Aa3) |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
02/01/2022 |
|
444,533 |
| Kane County School District No. 131 Aurora East Side GO Refunding Bonds Series 2020
B (AGM) (AA/A1) |
|
|
|
510,000 |
|
|
|
3.000 |
|
|
12/01/2021 |
|
521,363 |
|
|
|
440,000 |
|
|
|
4.000 |
|
|
12/01/2022 |
|
467,693 |
|
|
|
520,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
584,548 |
| Kendall Kane & Will Counties Community Unit School District No. 308 GO Bonds
Series 2008 (AGM) (NR/A2)(f) |
|
|
|
13,695,000 |
|
|
|
0.000 |
|
|
02/01/2021 |
|
13,689,522 |
| McHenry & Kane Counties Community Consolidated School District No. 158 Huntley
GO Refunding Bonds Series 2013 (AA/NR)(d) |
|
|
|
1,500,000 |
|
|
|
5.625 |
|
|
01/15/2022 |
|
1,583,670 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Illinois – (continued) |
| McHenry & Kane Counties Community Consolidated School District No. 158 Huntley
GO Refunding Bonds Series 2020 (AA/NR) |
| $ |
|
|
400,000 |
|
|
|
1.045 |
% |
|
02/15/2025 |
|
$ 404,148 |
| Metropolitan Pier & Exposition Authority RB Refunding for Capital Appreciation
for McCormick Place Expansion Series 1996 A
(NATL-RE) (BB+/Baa2)(f) |
|
|
|
13,455,000 |
|
|
|
0.000 |
|
|
06/15/2022 |
|
13,239,182 |
| Metropolitan Water Reclamation District of Greater Chicago GO Capital Improvement
Bonds Series 2011 B (AA/Aa2) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
2,085,500 |
| Railsplitter Tobacco Settlement Authority Tobacco Settlement RB Series 2010
(BBB+/NR)(d) |
|
|
|
17,325,000 |
|
|
|
5.500 |
|
|
06/01/2021 |
|
17,700,606 |
| Railsplitter Tobacco Settlement Authority Tobacco Settlement RB
Series 2017
(A/NR) |
|
|
|
5,015,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
5,332,750 |
| Springfield Electric RB Refunding Senior Lien Series 2015 (A/A3) |
|
|
|
2,440,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
2,457,495 |
| State of Illinois GO Bonds Series 2010 A (BBB-/Baa3) |
|
|
|
3,740,000 |
|
|
|
4.000 |
|
|
01/01/2021 |
|
3,740,000 |
| State of Illinois GO Bonds Series 2014 (BBB-/Baa3) |
|
|
|
3,300,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
3,536,511 |
| State of Illinois GO Bonds Series 2016 (BBB-/Baa3) |
|
|
|
15,000,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
16,211,850 |
| State of Illinois GO Bonds Series 2017 A (BBB-/Baa3) |
|
|
|
10,490,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
11,473,752 |
| State of Illinois GO Refunding Bonds Series 2016 (BBB-/Baa3) |
|
|
|
2,360,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
2,529,141 |
| State of Illinois GO Unlimited Refunding Bonds Series 2018 B
(BBB-/Baa3) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
2,273,700 |
| University of Illinois Board Trustees COPS RB Refunding Series 2016 A
(A-/A1) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
08/15/2021 |
|
5,129,900 |
| Western Illinois University RB Refunding Series 2020 (BAM) (AA/NR) |
|
|
|
1,100,000 |
|
|
|
4.000 |
|
|
04/01/2021 |
|
1,108,349 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
04/01/2023 |
|
1,067,560 |
| Will County Community High School District No. 210 Lincoln-Way GO Refunding Bonds
Series 2020 (AGM) (AA/Baa1) |
|
|
|
315,000 |
|
|
|
4.000 |
|
|
01/01/2021 |
|
315,000 |
|
|
|
950,000 |
|
|
|
4.000 |
|
|
01/01/2022 |
|
972,277 |
| Will County Community Unit School District No. 365 Valley View GO Bonds Series 2005
(ETM) (NATL-RE) (NR/Aa2)(d)(f) |
|
|
|
7,520,000 |
|
|
|
0.000 |
|
|
11/01/2025 |
|
7,376,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
741,896,844 |
| |
| Indiana – 0.8% |
| City of Whiting Environmental Facilities RB for BP Products North America, Inc.
Project Series 2017 (AMT) (A-/A1)(a)(b) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
1,461,650 |
| City of Whiting Environmental Facilities RB Refunding for BP Products North
America, Inc. Project Series 2019 A (AMT) (A-/A1)(a)(b) |
|
|
|
11,990,000 |
|
|
|
5.000 |
|
|
06/05/2026 |
|
14,632,836 |
| Indiana Bond Bank Advance Funding RB Series 2020 A (SP-1/NR) |
|
|
|
8,635,000 |
|
|
|
3.000 |
|
|
01/11/2021 |
|
8,639,663 |
| Indiana Finance Authority Educational Facilities RB for Indiana University Health,
Inc. Obligated Group Series 2011 H (AA/Aa2)(a)(b) |
|
|
|
10,590,000 |
|
|
|
1.650 |
|
|
07/01/2022 |
|
10,730,000 |
| Indiana Finance Authority Educational Facilities RB Refunding for Indiana
University Health, Inc. Obligated Group Series 2015 B (AA/Aa2)(a)(b) |
|
|
|
8,065,000 |
|
|
|
1.650 |
|
|
07/01/2022 |
|
8,171,619 |
| Indiana Finance Authority RB CWA Authority, Inc. Series 2015 A
(AA/NR) |
|
|
|
16,825,000 |
|
|
|
5.000 |
|
|
10/01/2045 |
|
19,271,523 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Indiana – (continued) |
| Indiana Finance Authority RB Refunding for Indianapolis Power & Light Co.
Series 2020 A (A-/A2)(a)(b) |
| $ |
|
|
3,000,000 |
|
|
|
0.750 |
% |
|
04/01/2026 |
|
$ 3,014,400 |
| Indiana Finance Authority RB Refunding for Indianapolis Power & Light Co.
Series 2020 B (AMT) (A-/A2)(a)(b) |
|
|
|
4,525,000 |
|
|
|
0.950 |
|
|
04/01/2026 |
|
4,539,661 |
| Indiana Finance Authority RB Refunding for Parkview Health System Obligation Group
Series 2018 C (AA-/Aa3)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield +
0.55%), |
|
|
|
|
|
7,390,000 |
|
|
|
0.640 |
|
|
11/01/2023 |
|
7,406,480 |
| Ivy Tech Community College of Indiana RB Refunding Series 2020 W
(AA/NR) |
|
|
|
435,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
505,657 |
|
|
|
310,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
374,164 |
| Kankakee Valley Middle School Building Corp. Ad Valorem Property Tax Refunding
Bonds Series 2017 (AA+/NR) |
|
|
|
465,000 |
|
|
|
3.000 |
|
|
01/15/2021 |
|
465,367 |
|
|
|
340,000 |
|
|
|
5.000 |
|
|
07/15/2021 |
|
348,714 |
|
|
|
405,000 |
|
|
|
3.000 |
|
|
01/15/2022 |
|
416,850 |
|
|
|
290,000 |
|
|
|
5.000 |
|
|
07/15/2022 |
|
311,408 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/15/2023 |
|
329,385 |
|
|
|
375,000 |
|
|
|
3.000 |
|
|
07/15/2023 |
|
397,159 |
| Rockport City PCRB Refunding for Indiana Michigan Power Co. Project Series 2009 B
(A-/A3) |
|
|
|
10,000,000 |
|
|
|
3.050 |
|
|
06/01/2025 |
|
11,009,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
92,026,236 |
| |
| Iowa – 0.1% |
| Iowa Finance Authority RB Refunding for Iowa Health System Obligation Group Series
2018 B (AA-/A1) |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
02/15/2021 |
|
653,217 |
|
|
|
640,000 |
|
|
|
5.000 |
|
|
02/15/2022 |
|
671,578 |
|
|
|
630,000 |
|
|
|
5.000 |
|
|
02/15/2023 |
|
690,297 |
| Iowa Finance Authority State Revolving RB Series 2011 (AAA/Aaa)(d) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
5,139,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,154,642 |
| |
| Kansas – 0.7% |
| City of Olathe GO Bonds Series 2020 A (SP-1+/NR) |
|
|
|
17,000,000 |
|
|
|
3.000 |
|
|
08/01/2021 |
|
17,266,390 |
| Kansas City Wyandotte County Unified School District No. 500 GO Bonds Series 2016 A
(AA-/Aa3)(d) |
|
|
|
30,210,000 |
|
|
|
5.500 |
|
|
09/01/2026 |
|
38,797,495 |
| Sedgwick County Kansas Unified School District No. 259 GO Refunding and Improvement
Bonds Series 2015 A (NR/Aa2) |
|
|
|
3,105,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
3,193,244 |
| State of Kansas Department of Transportation RB Refunding
Series 2015 A
(AA/Aa2) |
|
|
|
15,840,000 |
|
|
|
2.750 |
|
|
09/01/2023 |
|
16,803,864 |
| Wyandotte County-Kansas City Unified Government Utility System RB Refunding Series
2020 B (A/A2) |
|
|
|
75,000 |
|
|
|
0.689 |
|
|
09/01/2021 |
|
75,035 |
|
|
|
130,000 |
|
|
|
0.789 |
|
|
09/01/2022 |
|
130,332 |
|
|
|
265,000 |
|
|
|
0.909 |
|
|
09/01/2023 |
|
266,383 |
|
|
|
775,000 |
|
|
|
1.129 |
|
|
09/01/2024 |
|
784,292 |
|
|
|
780,000 |
|
|
|
1.249 |
|
|
09/01/2025 |
|
792,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
78,109,835 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Kentucky – 1.6% |
| City of Owensboro Electric Light & Power System RB Refunding
Series 2019
(A-/A3) |
| $ |
|
|
650,000 |
|
|
|
5.000 |
% |
|
01/01/2021 |
|
$ 650,000 |
|
|
|
1,140,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,192,280 |
|
|
|
800,000 |
|
|
|
4.000 |
|
|
01/01/2023 |
|
856,008 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
1,579,970 |
|
|
|
2,700,000 |
|
|
|
4.000 |
|
|
01/01/2025 |
|
3,044,196 |
| County of Owen RB Refunding for American Water/Kentucky-American Water Co.
Obligated Group Project Series2020 (A/Baa1)(a)(b) |
|
|
|
1,665,000 |
|
|
|
0.700 |
|
|
09/01/2023 |
|
1,662,269 |
| Kentucky Asset Liability Commission General Fund RB Refunding for Floating Rate
Project Notes Series 2007 A (NATL-RE) (A-/A1)(c) |
|
|
|
(3 Mo. LIBOR + 0.53%), |
|
|
|
|
|
13,455,000 |
|
|
|
0.674 |
|
|
11/01/2027 |
|
13,248,466 |
| Kentucky Asset Liability Commission General Fund RB Refunding for Floating Rate
Project Notes Series 2007 B (NATL-RE) (A-/A1)(c) |
|
|
|
(3 Mo. LIBOR + 0.55%), |
|
|
|
|
|
2,000,000 |
|
|
|
0.694 |
|
|
11/01/2025 |
|
1,973,940 |
| Kentucky Asset Liability Commission General Fund RB Refunding for Floating Rate
Project Notes Series 2020 A (AA/A2) |
|
|
|
500,000 |
|
|
|
3.000 |
|
|
09/01/2022 |
|
522,360 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
4,310,920 |
| Kentucky Economic Development Finance Authority Hospital RB Refunding for Owensboro
Medical Health System, Inc. Series 2017 A (BB+/Baa3) |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
1,113,101 |
|
|
|
2,470,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
2,570,406 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
1,070,170 |
| Kentucky Economic Development Finance Authority RB Refunding for CommonSpirit
Health Obligated Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
685,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
811,526 |
| Kentucky Public Energy Authority Gas Supply RB Series 2018 A
(NR/A2)(a)(b) |
|
|
|
13,000,000 |
|
|
|
4.000 |
|
|
04/01/2024 |
|
14,375,790 |
| Kentucky Public Energy Authority Gas Supply RB Series 2018 A (NR/A2) |
|
|
|
775,000 |
|
|
|
4.000 |
|
|
04/01/2021 |
|
781,572 |
|
|
|
1,210,000 |
|
|
|
4.000 |
|
|
04/01/2022 |
|
1,262,901 |
| Kentucky Public Energy Authority Gas Supply RB Series 2018 B
(NR/A2)(a)(b) |
|
|
|
540,000 |
|
|
|
4.000 |
|
|
04/01/2024 |
|
597,148 |
| Kentucky Public Energy Authority Gas Supply RB Series 2018 C-1
(A/A2)(a)(b) |
|
|
|
3,275,000 |
|
|
|
4.000 |
|
|
06/01/2025 |
|
3,730,880 |
| Kentucky Public Energy Authority Gas Supply RB Series 2018 C-1 (A/A2) |
|
|
|
1,080,000 |
|
|
|
4.000 |
|
|
06/01/2021 |
|
1,095,422 |
|
|
|
1,515,000 |
|
|
|
4.000 |
|
|
12/01/2021 |
|
1,563,116 |
|
|
|
1,765,000 |
|
|
|
4.000 |
|
|
06/01/2022 |
|
1,850,603 |
|
|
|
2,420,000 |
|
|
|
4.000 |
|
|
12/01/2022 |
|
2,577,324 |
|
|
|
3,765,000 |
|
|
|
4.000 |
|
|
06/01/2023 |
|
4,072,450 |
|
|
|
7,385,000 |
|
|
|
4.000 |
|
|
12/01/2023 |
|
8,109,764 |
| Kentucky Public Energy Authority Gas Supply RB Series 2018 C-1
(NR/A1)(a)(b) |
|
|
|
7,255,000 |
|
|
|
4.000 |
|
|
01/01/2025 |
|
8,155,201 |
| Kentucky Public Energy Authority Gas Supply RB Series 2019 C
(A/A2)(a)(b) |
|
|
|
20,000,000 |
|
|
|
4.000 |
|
|
02/01/2028 |
|
23,821,200 |
| Kentucky Public Energy Authority RB Series 2020 A (NR/A1)(a)(b) |
|
|
|
10,470,000 |
|
|
|
4.000 |
|
|
06/01/2026 |
|
12,186,033 |
| Kentucky State Property & Building Commission RB Refunding Project No. 100
Series 2011 A (A-/A1) |
|
|
|
2,065,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
2,120,074 |
| Kentucky State Property & Building Commission RB Refunding Project No. 112
Series 2016 B (ST APPROP) (A-/A1) |
|
|
|
5,110,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
5,541,233 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Kentucky – (continued) |
| Kentucky State Turnpike Authority Economic Development Road RB for Revitalization
Projects Series 2012 A (A-/Aa3) |
| $ |
|
|
2,000,000 |
|
|
|
5.000 |
% |
|
07/01/2030 |
|
$ 2,105,000 |
| Kentucky State Turnpike Authority Economic Development Road RB for Revitalization
Projects Series 2012 A (A-/Aa3)(d) |
|
|
|
3,560,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
3,813,899 |
| Kentucky State Turnpike Authority Economic Development Road RB Refunding for
Revitalization Projects Series 2014 A (A-/Aa3) |
|
|
|
2,995,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
3,302,886 |
| Kentucky Turnpike Authority RB Refunding for Kentucky Transportation Cabinet Series
2016 A (A-/Aa3) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
1,021,750 |
| Louisville & Jefferson County Metropolitan Government Environmental Facilities RB
Refunding for Louisville Gas & Electric Co. Series 2007 A (A/A1)(a)(b) |
|
|
|
7,250,000 |
|
|
|
1.650 |
|
|
06/01/2021 |
|
7,277,550 |
| Louisville & Jefferson County Metropolitan Government Environmental Facilities
RB Refunding for Louisville Gas & Electric Co. Series 2007 B (A/A1)(a)(b) |
|
|
|
3,000,000 |
|
|
|
1.650 |
|
|
06/01/2021 |
|
3,011,400 |
| Louisville & Jefferson County Metropolitan Government RB for Norton Healthcare
Obligated Group Series 2020 B (A/NR)(a)(b) |
|
|
|
19,530,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
21,885,513 |
| Louisville & Jefferson County Metropolitan Government RB Refunding for
Louisville Gas & Electric Co. Series 2001 A (A/A1) |
|
|
|
3,800,000 |
|
|
|
0.900 |
|
|
09/01/2026 |
|
3,822,572 |
| Louisville & Jefferson County Metropolitan Sewer District RB for Kentucky Sewer
& Drainage System Series 2011 A (AA/Aa3) |
|
|
|
3,320,000 |
|
|
|
5.000 |
|
|
05/15/2030 |
|
3,447,023 |
| Louisville Water Co. RB Refunding Series 2019 (AAA/Aaa) |
|
|
|
9,390,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
10,673,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
186,806,966 |
| |
| Louisiana – 2.9% |
| Consolidated Government of the City of Baton Rouge & Parish of E Baton Rouge
Sales Tax RB Refunding Series 2020 (A+/A2) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
1,539,300 |
| Consolidated Government of the City of Baton Rouge & Parish of E Baton Rouge
Sales Tax RB Refunding Series 2020 (AGM) (AA/A2) |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
455,677 |
|
|
|
610,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
680,888 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
1,158,510 |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
1,321,243 |
| East Baton Rouge Sewerage Commission RB Refunding Series 2019 A
(AA-/NR) |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
441,522 |
|
|
|
215,000 |
|
|
|
5.000 |
|
|
02/01/2022 |
|
226,023 |
|
|
|
135,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
148,218 |
|
|
|
465,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
532,076 |
| East Baton Rouge Sewerage Commission RB Refunding Series 2019 B
(AA-/NR) |
|
|
|
1,125,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
1,128,892 |
|
|
|
1,395,000 |
|
|
|
5.000 |
|
|
02/01/2022 |
|
1,466,522 |
|
|
|
1,530,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
1,679,802 |
|
|
|
1,570,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
1,796,473 |
| Louisiana Local Government Environmental Facilities & Community Development
Authority RB Refunding for East Baton Rouge Sewerage Commission Series 2020 B (A+/NR)(a)(b) |
|
|
|
35,000,000 |
|
|
|
0.875 |
|
|
02/01/2025 |
|
35,073,150 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Louisiana – (continued) |
| Louisiana Local Government Environmental Facilities and Community Development
Authority RB Refunding for Ragin’ Cajun Facilities, Inc. - Student Housing & Parking Project Series 2017 (AGM) (AA/NR) |
| $ |
|
|
740,000 |
|
|
|
2.250 |
% |
|
10/01/2021 |
|
$ 750,197 |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
878,943 |
|
|
|
800,000 |
|
|
|
2.500 |
|
|
10/01/2022 |
|
828,656 |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
1,025,126 |
| Louisiana Public Facilities Authority RB Refunding for Energy LLC Project Series
2016 A (A/A2) |
|
|
|
10,000,000 |
|
|
|
3.375 |
|
|
09/01/2028 |
|
10,044,600 |
| Louisiana Public Facilities Authority RB Refunding for Energy LLC Project Series
2016 B (A/A2) |
|
|
|
14,000,000 |
|
|
|
3.500 |
|
|
06/01/2030 |
|
14,160,720 |
| Louisiana Public Facilities Authority RB Refunding for Ochsner Clinic Foundation
Project Series 2020 B (A/A3)(a)(b) |
|
|
|
19,105,000 |
|
|
|
5.000 |
|
|
05/15/2025 |
|
22,817,675 |
| Louisiana Stadium & Exposition District RB Series 2020 (AA-/NR) |
|
|
|
15,000,000 |
|
|
|
5.000 |
|
|
07/03/2023 |
|
16,175,850 |
| Louisiana State GO Bonds Series 2012 A (AA-/Aa3) |
|
|
|
5,040,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
5,417,899 |
| Louisiana State GO Refunding Bonds Series 2014 C (AA-/Aa3) |
|
|
|
11,520,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
13,428,749 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp.
Series 2017
A-1 (BBB-/Baa3)(a)(b) |
|
|
|
12,160,000 |
|
|
|
2.000 |
|
|
04/01/2023 |
|
12,336,320 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp.
Series 2017
A-2 (BBB-/Baa3)(a)(b) |
|
|
|
23,150,000 |
|
|
|
2.100 |
|
|
07/01/2024 |
|
23,699,812 |
| Parish of St. John the Baptist RB Refunding for Marathon Oil Corp.
Series 2017
B-1 (BBB-/Baa3)(a)(b) |
|
|
|
12,250,000 |
|
|
|
2.125 |
|
|
07/01/2024 |
|
12,551,350 |
| State of Louisiana Gasoline & Fuels Tax RB Refunding First Lien
Series 2015
A (AA-/Aa2) |
|
|
|
120,000,000 |
|
|
|
4.000 |
|
|
05/01/2041 |
|
134,660,400 |
| State of Louisiana Gasoline & Fuels Tax RB Refunding Second Lien Series 2017 A
(AA-/Aa3)(a)(b) |
|
|
|
3,075,000 |
|
|
|
0.600 |
|
|
05/01/2023 |
|
3,084,809 |
| State of Louisiana Gasoline & Fuels Tax RB Refunding Second Lien
Series 2017
D-1 (AA-/Aa3)(a)(b) |
|
|
|
4,615,000 |
|
|
|
0.600 |
|
|
05/01/2023 |
|
4,629,722 |
| State of Louisiana Gasoline & Fuels Tax RB Refunding Second Lien
Series 2017
D-2 (AA-/Aa3)(a)(b) |
|
|
|
4,000,000 |
|
|
|
0.550 |
|
|
05/01/2022 |
|
4,000,880 |
| State of Louisiana Gasoline & Fuels Tax RB Refunding Series 2020 A-2
(AA-/Aa2) |
|
|
|
250,000 |
|
|
|
0.443 |
|
|
05/01/2021 |
|
250,017 |
|
|
|
800,000 |
|
|
|
0.543 |
|
|
05/01/2022 |
|
800,768 |
|
|
|
450,000 |
|
|
|
0.614 |
|
|
05/01/2023 |
|
450,693 |
|
|
|
265,000 |
|
|
|
0.769 |
|
|
05/01/2024 |
|
266,129 |
|
|
|
425,000 |
|
|
|
0.869 |
|
|
05/01/2025 |
|
428,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
330,336,037 |
| |
| Maine – 0.2% |
| Maine Governmental Facilities Authority Lease Rental RB Series 2015 B
(AA-/Aa3) |
|
|
|
1,345,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
1,382,916 |
| State of Maine GO Bonds Series 2018 D (AA/Aa2) |
|
|
|
8,545,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
8,713,678 |
|
|
|
8,000,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
8,544,560 |
|
|
|
4,290,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
4,784,251 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,425,405 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Maryland – 1.6% |
| Baltimore Maryland RB Refunding for Convention Center Hotel Project Series 2017
(BB-/NR) |
| $ |
|
|
500,000 |
|
|
|
5.000 |
% |
|
09/01/2021 |
|
$ 484,170 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
478,900 |
| County of Baltimore GO Bonds for Consolidated Public Improvement Series 2012
(AAA/Aaa) |
|
|
|
2,025,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
2,179,163 |
| County of Baltimore GO Bonds for Consolidated Public Improvement Series 2017
(AAA/Aaa) |
|
|
|
2,825,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
3,119,676 |
| County of Baltimore RB Refunding for Riderwood Village Obligated Group Series 2020
(A/NR) |
|
|
|
650,000 |
|
|
|
4.000 |
|
|
01/01/2021 |
|
650,000 |
|
|
|
835,000 |
|
|
|
4.000 |
|
|
01/01/2022 |
|
859,674 |
|
|
|
815,000 |
|
|
|
4.000 |
|
|
01/01/2023 |
|
861,911 |
|
|
|
1,050,000 |
|
|
|
4.000 |
|
|
01/01/2024 |
|
1,139,282 |
|
|
|
2,805,000 |
|
|
|
4.000 |
|
|
01/01/2025 |
|
3,114,644 |
| County of Montgomery COPS Public Facilities Project Series 2020 A
(AA+/Aa1) |
|
|
|
6,430,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
7,561,294 |
| County of Montgomery GO Bonds for Consolidated Public Improvement Series 2013 A
(AAA/Aaa)(d) |
|
|
|
14,350,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
16,296,147 |
| County of Montgomery GO Refunding Bonds for Consolidated Public Improvement Series
2017 D (AAA/Aaa) |
|
|
|
8,275,000 |
|
|
|
3.000 |
|
|
11/01/2022 |
|
8,703,976 |
| County of Prince George’s Public Improvement GO Bonds
Series 2014 A
(AAA/Aaa) |
|
|
|
3,530,000 |
|
|
|
4.000 |
|
|
09/01/2032 |
|
3,934,009 |
|
|
|
1,360,000 |
|
|
|
4.000 |
|
|
09/01/2033 |
|
1,512,374 |
| Frederick County Maryland Tax Allocation Refunding for Oakdale-Lake Linganore
Development District Series 2019 B (NR/NR) |
|
|
|
685,000 |
|
|
|
2.625 |
|
|
07/01/2024 |
|
689,041 |
| Frederick County Urbana Community Development Authority Special Tax Refunding
Series 2020 A (A-/NR) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
766,905 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
799,882 |
|
|
|
815,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
904,128 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
1,149,630 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
892,313 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
1,528,088 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
1,564,725 |
| Maryland Economic Development Corp. RB Refunding for Potomac Electric Power Co.
Project Series 2019 (A-/Baa1) |
|
|
|
8,315,000 |
|
|
|
1.700 |
|
|
09/01/2022 |
|
8,465,418 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for
Adventist Healthcare Obligated Group Series 2020 (NR/Baa3) |
|
|
|
815,000 |
|
|
|
4.000 |
|
|
01/01/2024 |
|
882,547 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for St.
John’s College Series 2020 (BBB/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
101,903 |
|
|
|
165,000 |
|
|
|
4.000 |
|
|
10/01/2022 |
|
171,847 |
|
|
|
340,000 |
|
|
|
4.000 |
|
|
10/01/2023 |
|
362,583 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
10/01/2024 |
|
380,926 |
|
|
|
390,000 |
|
|
|
4.000 |
|
|
10/01/2025 |
|
432,292 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for
University of Maryland Medical System Obligated Group Series 2020 B-1 (A/A2)(a)(b) |
|
|
|
4,325,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
5,075,820 |
| Maryland Health & Higher Educational Facilities Authority RB Refunding for
University of Maryland Medical System Obligated Group Series 2020 B-2 (A/A2)(a)(b) |
|
|
|
7,000,000 |
|
|
|
5.000 |
|
|
07/01/2027 |
|
8,706,880 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Maryland – (continued) |
| Maryland State Economic Development Corporation Student Housing RB Refunding for
University of Maryland College Park Projects Series 2016 (AGM) (AA/A2) |
| $ |
|
|
675,000 |
|
|
|
4.000 |
% |
|
06/01/2021 |
|
$ 682,810 |
| Maryland State GO Bonds for State & Local Facilities Loan Tax Exempt Second
Series 2013 A (AAA/Aaa)(d) |
|
|
|
15,820,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
16,261,536 |
| Maryland State Transportation Authority RB Series 2012 A (AMT) (A/A2) |
|
|
|
1,345,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
1,421,840 |
| Maryland State Transportation Authority RB Series 2020 (AA-/Aa2) |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
1,090,755 |
|
|
|
1,325,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
1,661,007 |
| State of Maryland Department of Transportation Second Issue RB Series 2013
(AAA/Aa1) |
|
|
|
10,265,000 |
|
|
|
4.000 |
|
|
12/01/2026 |
|
10,607,235 |
| State of Maryland Department of Transportation Second Issue RB Series 2018
(AAA/Aa1) |
|
|
|
14,645,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
17,917,425 |
| State of Maryland Department of Transportation Third Issue RB Series 2015
(AAA/Aa1) |
|
|
|
9,855,000 |
|
|
|
4.000 |
|
|
12/15/2026 |
|
10,937,079 |
| State of Maryland GO Refunding Series 2015 B (AAA/Aaa) |
|
|
|
15,000,000 |
|
|
|
4.000 |
|
|
08/01/2024 |
|
17,041,800 |
| State of Maryland GO State and Local Facilities Loan Second Series A Tax Exempt
Bonds 2013 (AAA/Aaa)(d) |
|
|
|
19,935,000 |
|
|
|
4.000 |
|
|
08/01/2021 |
|
20,377,358 |
| University Maryland System Auxiliary Facility & Tuition RB
Series 2018 A
(AA+/Aa1) |
|
|
|
1,595,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
1,690,907 |
|
|
|
1,075,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
1,190,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
184,650,033 |
| |
| Massachusetts – 2.9% |
| City of Lawrence GO Bonds Series 2020 (ST AID WITHHLDG)
(SP-1+/NR) |
|
|
|
3,600,000 |
|
|
|
1.500 |
|
|
09/01/2021 |
|
3,628,872 |
| City of Quincy GO Bonds Series 2020 (SP-1+/NR) |
|
|
|
55,206,000 |
|
|
|
2.000 |
|
|
07/09/2021 |
|
55,730,457 |
| City of Worcester Municipal Purpose Loan GO Bonds Series 2018 A
(AA-/Aa3) |
|
|
|
4,105,000 |
|
|
|
5.000 |
|
|
01/15/2021 |
|
4,110,542 |
| Commonwealth of Massachusetts GO Bonds Series 2014 A (AA/NR)(d) |
|
|
|
9,315,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
9,724,581 |
| Massachusetts Clean Water Trust RB Refunding Series 2006 (AAA/Aaa)(c) |
|
|
|
|
|
|
|
(MUNI-CPI + 0.99%), |
|
|
|
2,050,000 |
|
|
|
3.900 |
|
|
08/01/2023 |
|
2,118,531 |
| Massachusetts Clean Water Trust RB State Revolving Green Bonds Series 2017
(AAA/Aaa) |
|
|
|
3,795,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
4,172,413 |
| Massachusetts Development Finance Agency Beth Israel Lahey Health Obligated Group
RB Refunding Series 2019 K (A/A3) |
|
|
|
730,000 |
|
|
|
4.000 |
|
|
07/01/2021 |
|
742,461 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
07/01/2022 |
|
787,170 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
835,778 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
579,135 |
| Massachusetts Development Finance Agency RB for Waste Management of Massachusetts,
Inc. Series 2002 (AMT) (A-/NR)(a)(b)(e) |
|
|
|
4,250,000 |
|
|
|
2.450 |
|
|
05/03/2021 |
|
4,274,990 |
| Massachusetts Development Finance Agency RB Refunding for Northeastern University
Series 2020 A (NR/A1) |
|
|
|
1,575,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
1,851,460 |
|
|
|
920,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
1,123,145 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Massachusetts – (continued) |
| Massachusetts Development Finance Agency RB Refunding for Partners Healthcare
System, Inc. Series 2017 S-4 (AA-/Aa3)(a)(b) |
| $ |
|
|
2,000,000 |
|
|
|
5.000 |
% |
|
01/25/2024 |
|
$ 2,284,980 |
| Massachusetts Development Finance Agency RB Refunding for Wellforce Obligated Group
Series 2020 C (AGM) (AA/NR) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
206,582 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
296,147 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
335,589 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
406,039 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
360,126 |
| Massachusetts Development Finance Agency Wellforce Obligation Group RB Refunding
Series 2019 A (BBB+/NR) |
|
|
|
460,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
468,998 |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
926,599 |
|
|
|
725,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
795,571 |
| Massachusetts Health & Educational Facilities Authority RB for President &
Fellows of Harvard College Series 1999 R
(AAA/Aaa)(a)(b) |
|
|
|
28,885,000 |
|
|
|
0.040 |
|
|
01/01/2021 |
|
28,885,000 |
| Massachusetts Housing Finance Agency RB Refunding Series 2020 216 (GNMA) (FNMA)
(FHLMC) (AA+/Aa1)(a)(b) |
|
|
|
5,250,000 |
|
|
|
1.850 |
|
|
06/01/2025 |
|
5,462,047 |
| Massachusetts School Building Authority RB Taxable Refunding
Series 2019 B
(AA/Aa3) |
|
|
|
2,305,000 |
|
|
|
2.078 |
|
|
10/15/2023 |
|
2,395,702 |
| Massachusetts State GO Bonds Consolidated Loan Series 2007 A (NATL-RE) (AA/Aa1)(c) |
|
|
|
(3 Mo. LIBOR + 0.57%), |
|
|
|
|
|
7,665,000 |
|
|
|
0.714 |
|
|
05/01/2037 |
|
7,419,030 |
| Massachusetts State GO Bonds Consolidated Loan Series 2012 A (BHAC-CR) (FGIC)
(AA+/Aa1)(c) |
|
|
|
(3 Mo. LIBOR + 0.57%), |
|
|
|
|
|
11,560,000 |
|
|
|
0.714 |
|
|
05/01/2037 |
|
11,189,040 |
| Massachusetts State GO Bonds Series 2014 F (AA/Aa1) |
|
|
|
58,940,000 |
|
|
|
4.000 |
|
|
11/01/2031 |
|
62,823,557 |
| Massachusetts State GO Bonds Series 2015 (AA/Aa1) |
|
|
|
1,450,000 |
|
|
|
3.500 |
|
|
05/01/2036 |
|
1,544,511 |
| Massachusetts State GO Refunding Bonds Series 2007 A (AA/Aa1)(c) |
|
|
|
(3 Mo. LIBOR + 0.55%), |
|
|
|
|
|
38,250,000 |
|
|
|
0.694 |
|
|
11/01/2025 |
|
38,194,537 |
| Massachusetts State GO Refunding Bonds Series 2020 A (AA/Aa1)(a)(b) |
|
|
|
26,000,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
28,955,420 |
| Massachusetts State GO Refunding Bonds Series 2020 E (AA/Aa1) |
|
|
|
2,650,000 |
|
|
|
0.695 |
|
|
11/01/2025 |
|
2,691,234 |
| Massachusetts State Special Obligation RB Series 2005 A (AGM) (AA+/Aa1)(c) |
|
|
|
(MUNI-CPI + 1.77%), |
|
|
|
|
|
705,000 |
|
|
|
2.970 |
|
|
06/01/2022 |
|
726,002 |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Senior RB
Refunding Series 2019 A (A+/A2) |
|
|
|
1,195,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
1,195,000 |
|
|
|
875,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
916,475 |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
1,418,339 |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Subordinate RB
Refunding Series 2019 A (AA/Aa2)(a)(b) |
|
|
|
1,205,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
1,316,715 |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Subordinate RB
Series 2019 A (AA/Aa2)(a)(b) |
|
|
|
40,050,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
43,763,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
334,655,810 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Michigan – 2.0% |
| Allen Park Public School District GO Refunding Bonds Series 2016 (Q-SBLF)
(AA/NR) |
| $ |
|
|
3,660,000 |
|
|
|
5.000 |
% |
|
05/01/2021 |
|
$ 3,714,973 |
| Allendale Public School GO Refunding Bonds Series 2016 (Q-SBLF)
(AA/NR) |
| 1,385,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
1,502,143 |
| Chippewa Valley Schools GO Refunding Bonds Series 2020 (Q-SBLF)
(NR/Aa1) |
|
|
|
255,000 |
|
|
|
0.478 |
|
|
05/01/2023 |
|
254,888 |
|
|
|
375,000 |
|
|
|
0.640 |
|
|
05/01/2024 |
|
375,626 |
|
|
|
1,520,000 |
|
|
|
0.790 |
|
|
05/01/2025 |
|
1,527,144 |
| Detroit Downtown Development Authority RB Refunding for Catalyst Development
Project Series 2018 A (AGM) (AA/NR) |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
852,592 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
997,236 |
|
|
|
13,450,000 |
|
|
|
5.000 |
|
|
07/01/2048 |
|
14,901,524 |
| Detroit Downtown Development Authority Subordinate General RB Refunding for
Development Area No. 1 Projects Series 2018 B (AGM) (AA/NR) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
1,532,250 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
1,598,610 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
1,662,060 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
574,255 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
628,606 |
| Detroit Michigan School District GO Refunding Bonds for School Building and Site
Improvement Series 2012 A (Q-SBLF) (AA/Aa1) |
|
|
|
7,455,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
7,911,917 |
|
|
|
1,095,000 |
|
|
|
5.000 |
|
|
05/01/2031 |
|
1,159,714 |
| Detroit Michigan Sewage Disposal System RB Refunding Series 2006 D (AGM) (AA/A1)(c) |
|
|
|
(3 Mo. LIBOR + 0.60%), |
|
|
|
|
|
4,440,000 |
|
|
|
0.751 |
|
|
07/01/2032 |
|
4,297,476 |
| Great Lakes Water Authority Sewage Disposal System RB Refunding for Second Lien
Series 2020 B (A+/A2) |
|
|
|
375,000 |
|
|
|
1.442 |
|
|
07/01/2021 |
|
375,188 |
|
|
|
260,000 |
|
|
|
1.492 |
|
|
07/01/2022 |
|
260,725 |
| Great Lakes Water Authority Sewage Disposal System RB Refunding Series 2020 A
(AA-/A1) |
|
|
|
115,000 |
|
|
|
1.503 |
|
|
07/01/2023 |
|
116,439 |
|
|
|
370,000 |
|
|
|
1.604 |
|
|
07/01/2024 |
|
376,726 |
|
|
|
200,000 |
|
|
|
1.654 |
|
|
07/01/2025 |
|
204,148 |
| Michigan Finance Authority Hospital RB Refunding for Beaumont Health Credit Group
Series 2015 A (A+/A1) |
|
|
|
3,810,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
3,907,155 |
| Michigan Finance Authority Hospital RB Refunding for Henry Ford Health System
Series 2016 (A/A2) |
|
|
|
510,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
529,105 |
| Michigan Finance Authority Local Government Loan Program RB for City of Detroit
Distributable State Aid Fourth Lien Utgo Refunding Local Project Bonds Series 2016 C-3 (AA-/Aa2) |
|
|
|
1,510,000 |
|
|
|
5.000 |
|
|
04/01/2021 |
|
1,525,704 |
| Michigan Finance Authority Local Government Loan Program RB for Detroit Financial
Recovery Income Tax Revenue and Refunding Local Project Bonds Series 2014 F (BB+/NR) |
|
|
|
500,000 |
|
|
|
3.600 |
|
|
10/01/2021 |
|
504,610 |
|
|
|
500,000 |
|
|
|
3.800 |
|
|
10/01/2022 |
|
512,265 |
| Michigan Finance Authority Local Government Loan Program RB for Detroit Water and
Sewerage Department Sewage Disposal System RB Refunding Local Project Bonds Senior Lien Series 2014 C-3 (AGM) (AA/A1) |
|
|
|
5,175,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
5,295,784 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Michigan – (continued) |
| Michigan Finance Authority Local Government Loan Program RB for Detroit Water and
Sewerage Department Water Supply System RB Refunding Local Project Bonds Senior Lien Series 2014 D-1 (AGM) (AA/A1) |
| $ |
|
|
10,000,000 |
|
|
|
5.000 |
% |
|
07/01/2021 |
|
$ 10,233,400 |
|
|
|
9,225,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
9,877,207 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
5,578,450 |
| Michigan Finance Authority Local Government Loan Program RB for Detroit Water and
Sewerage Department Water Supply System RB Refunding Local Project Bonds Series 2015 D-1 (AA-/A1) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
767,317 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Trinity
Health Corp. Obligated Group Project Series 2011 (AA-/Aa3)(d) |
|
|
|
10,015,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
10,455,360 |
| Michigan Finance Authority Local Government Loan Program RB Refunding for Trinity
Health Corp. Obligated Group Project Series 2015 (AA-/Aa3)(d) |
|
|
|
9,840,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
10,502,626 |
| Michigan Finance Authority RB Refunding for Great Lakes Water Authority Water
Supply System Revenue Series 2014 D-2 (AGM) (AA/A1) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
4,637,600 |
| Michigan Finance Authority RB Refunding for Trinity Health Corp Obligated Group
Series 2017 A (AA-/Aa3) |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
2,213,816 |
| Michigan Finance Authority Tobacco Settlement RB Refunding
Series 2020 A-1
(A/NR) |
|
|
|
5,000,000 |
|
|
|
0.747 |
|
|
06/01/2021 |
|
5,001,950 |
|
|
|
5,000,000 |
|
|
|
0.897 |
|
|
06/01/2022 |
|
5,009,750 |
|
|
|
5,000,000 |
|
|
|
1.086 |
|
|
06/01/2023 |
|
5,024,050 |
|
|
|
5,500,000 |
|
|
|
1.376 |
|
|
06/01/2024 |
|
5,543,725 |
|
|
|
10,000,000 |
|
|
|
1.476 |
|
|
06/01/2025 |
|
10,114,900 |
| Michigan State Building Authority RB Refunding Series 2020 (AA-/Aa2) |
|
|
|
1,110,000 |
|
|
|
0.461 |
|
|
10/15/2022 |
|
1,111,876 |
|
|
|
750,000 |
|
|
|
0.602 |
|
|
04/15/2023 |
|
752,992 |
|
|
|
920,000 |
|
|
|
0.652 |
|
|
10/15/2023 |
|
924,204 |
|
|
|
1,810,000 |
|
|
|
0.816 |
|
|
10/15/2024 |
|
1,823,485 |
|
|
|
2,880,000 |
|
|
|
0.916 |
|
|
10/15/2025 |
|
2,904,624 |
| Michigan State Hospital Finance Authority RB Refunding for Ascension Health Senior
Credit Group RMKT 03/01/17 Series 2010 F-2 (AA+/Aa2)(a)(b) |
|
|
|
2,600,000 |
|
|
|
1.900 |
|
|
04/01/2021 |
|
2,610,036 |
| Michigan State Hospital Finance Authority RB Refunding for Ascension Health Senior
Credit Group RMKT 03/15/17 Series 2010 F-5 (AA+/Aa2)(a)(b) |
|
|
|
4,400,000 |
|
|
|
2.400 |
|
|
03/15/2023 |
|
4,605,700 |
| Michigan Strategic Fund Limited Obligation RB for I-75 Improvement Project Series
2018 (AMT) (NR/Baa2) |
|
|
|
2,210,000 |
|
|
|
5.000 |
|
|
12/31/2023 |
|
2,482,891 |
|
|
|
2,635,000 |
|
|
|
5.000 |
|
|
06/30/2024 |
|
3,012,279 |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
12/31/2024 |
|
4,068,505 |
| Michigan Strategic Fund RB for Waste Management of Michigan, Inc. Series 2001
(A-/NR)(a)(b) |
|
|
|
11,700,000 |
|
|
|
2.850 |
|
|
08/02/2021 |
|
11,847,420 |
| Michigan Strategic Fund RB Refunding for The Detroit Edison Company Pollution
Control Bonds Project RMKT 09/01/16 Series 2008 ET-2 (A/Aa3)(a)(b) |
|
|
|
2,000,000 |
|
|
|
1.450 |
|
|
09/01/2021 |
|
2,006,780 |
| Michigan Strategic Fund RB Refunding for The Detroit Edison Company Pollution
Control Bonds Project Series 1995 CC (A/Aa3)(a)(b) |
|
|
|
4,000,000 |
|
|
|
1.450 |
|
|
09/01/2021 |
|
4,013,560 |
| Okemos Public Schools GO Bonds Series 2019 (Q-SBLF) (NR/Aa1) |
|
|
|
2,380,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
2,640,705 |
|
|
|
2,730,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
3,154,461 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Michigan – (continued) |
| Star International Academy RB Refunding Series 2020 (BBB/NR) |
| $ |
|
|
665,000 |
|
|
|
4.000 |
% |
|
03/01/2023 |
|
$ 692,032 |
|
|
|
690,000 |
|
|
|
4.000 |
|
|
03/01/2024 |
|
728,040 |
|
|
|
720,000 |
|
|
|
4.000 |
|
|
03/01/2025 |
|
769,911 |
|
|
|
745,000 |
|
|
|
4.000 |
|
|
03/01/2026 |
|
805,598 |
|
|
|
775,000 |
|
|
|
4.000 |
|
|
03/01/2027 |
|
844,254 |
| University of Michigan General RB RMKT 02/26/18 Series 2012 E (AAA/Aaa)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.27%), |
|
|
|
|
|
3,930,000 |
|
|
|
0.380 |
|
|
04/01/2022 |
|
3,936,052 |
| University of Michigan General RB RMKT 07/26/18 Series 2012 E (AAA/Aaa)(a)(b) |
|
|
|
18,790,000 |
|
|
|
0.060 |
|
|
01/01/2021 |
|
18,790,000 |
| Washtenaw County Ypsilanti Community Schools GO Refunding Bonds Series 2020
(Q-SBLF) (AA/NR) |
|
|
|
500,000 |
|
|
|
1.810 |
|
|
05/01/2023 |
|
507,685 |
|
|
|
515,000 |
|
|
|
1.889 |
|
|
05/01/2024 |
|
525,856 |
| Washtenaw County Ypsilanti Community Schools Unlimited Tax GO Refunding Bonds
Series 2016 A (Q-SBLF) (AA/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
1,014,300 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
1,058,540 |
| Wayne County Airport Authority RB Refunding for Detroit Metropolitan Wayne County
Airport Series 2018 C (A-/A1) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
624,696 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
541,020 |
| Wayne State University RB Series 2020 A (A+/Aa3) |
|
|
|
500,000 |
|
|
|
0.897 |
|
|
11/15/2021 |
|
501,845 |
|
|
|
745,000 |
|
|
|
1.097 |
|
|
11/15/2022 |
|
752,443 |
|
|
|
500,000 |
|
|
|
1.219 |
|
|
11/15/2023 |
|
508,045 |
|
|
|
700,000 |
|
|
|
1.322 |
|
|
11/15/2024 |
|
715,379 |
| Western Michigan University RB Refunding Series 2019 A (A/Aa3) |
|
|
|
1,490,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
1,605,654 |
|
|
|
160,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
178,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
225,118,575 |
| |
| Minnesota – 0.7% |
| Circle Pines Minnesota Independent School District No. 012 GO Bonds Series 2015 A
(SD CRED PROG) (AAA/NR)(f) |
|
|
|
720,000 |
|
|
|
0.000 |
|
|
02/01/2021 |
|
719,863 |
| City of Rochester RB for Mayo Clinic Series 2011 C (AA/Aa2)(a)(b) |
|
|
|
10,795,000 |
|
|
|
4.500 |
|
|
11/15/2021 |
|
11,181,569 |
| Maple Grove Minnesota Health Care Facilities RB Refunding for Maple Grove Hospital
Corp. Series 2017 (NR/Baa1) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
504,560 |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
05/01/2022 |
|
518,305 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
631,218 |
| Minneapolis-St. Paul Metropolitan Airports Commission RB Refunding Series 2019 B
(AMT) (A/NR) |
|
|
|
2,810,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
3,164,088 |
| Minnesota Higher Education Facilities Authority RB Refunding for College of St.
Scholastica, Inc. Series 2019 (NR/Baa2) |
|
|
|
75,000 |
|
|
|
3.000 |
|
|
12/01/2021 |
|
76,021 |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
12/01/2022 |
|
102,445 |
|
|
|
100,000 |
|
|
|
3.000 |
|
|
12/01/2023 |
|
103,732 |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
12/01/2024 |
|
108,460 |
|
|
|
180,000 |
|
|
|
4.000 |
|
|
12/01/2025 |
|
198,722 |
| Minnesota Rural Water Finance Authority, Inc. RB Series 2020
(NR/MIG1) |
|
|
|
5,500,000 |
|
|
|
1.000 |
|
|
08/01/2021 |
|
5,503,190 |
| Minnesota State Trunk Highway GO Bonds Series 2020 F (AAA/Aa1) |
|
|
|
2,450,000 |
|
|
|
2.500 |
|
|
08/01/2026 |
|
2,734,249 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Minnesota – (continued) |
| Minnesota State Trunk Highway GO Refunding Bonds Series 2020 G
(AAA/Aa1) |
| $ |
|
|
6,560,000 |
|
|
|
0.400 |
% |
|
08/01/2022 |
|
$ 6,581,320 |
|
|
|
5,275,000 |
|
|
|
0.400 |
|
|
08/01/2023 |
|
5,298,474 |
| Minnesota State Various Purpose GO Refunding Bonds Series 2015 A
(AAA/Aa1) |
|
|
|
9,800,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
10,073,518 |
| Minnesota State Various Purpose GO Refunding Bonds Series 2016 D
(AAA/Aa1) |
|
|
|
6,305,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
6,480,972 |
| Minnesota State Various Purpose GO Refunding Bonds Series 2020 F
(AAA/Aa1) |
|
|
|
12,850,000 |
|
|
|
1.000 |
|
|
08/01/2022 |
|
13,012,681 |
|
|
|
13,730,000 |
|
|
|
1.000 |
|
|
08/01/2023 |
|
14,002,266 |
| State of Minnesota State Trunk Highway GO Bonds Series 2015 B
(AAA/Aa1) |
|
|
|
3,240,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
3,487,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
84,482,865 |
| |
| Mississippi – 0.8% |
| Mississippi Business Finance Corp. RB for Mississippi Power Co. Project First
Series 2010 (A-/NR)(a)(b) |
|
|
|
7,725,000 |
|
|
|
2.750 |
|
|
12/09/2021 |
|
7,920,674 |
| Mississippi Business Finance Corp. RB for Waste Management, Inc. Series 2002 (AMT)
(A-/NR)(a)(b) |
|
|
|
1,000,000 |
|
|
|
2.200 |
|
|
06/03/2024 |
|
1,054,980 |
| Mississippi Business Finance Corp. System Energy Resources Inc. RB Series 2019
(BBB+/Baa3) |
|
|
|
9,100,000 |
|
|
|
2.500 |
|
|
04/01/2022 |
|
9,137,037 |
| Mississippi Hospital Equipment & Facilities Authority RB Refunding for Baptist
Memorial Health Care Obligated Group Series 2020 A-1 (BBB+/NR)(a)(b) |
|
|
|
7,750,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
9,058,278 |
| Mississippi Hospital Equipment & Facilities Authority RB Refunding for Baptist
Memorial Health Care Obligated Group Series 2020 A-2 (BBB+/NR)(a)(b) |
|
|
|
10,500,000 |
|
|
|
0.650 |
|
|
09/01/2021 |
|
10,501,995 |
| State of Minnesota GO Bonds for Capital Improvement Series 2011 A (AA/Aa2)(d) |
|
|
|
21,415,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
22,186,583 |
| Warren County Gulf Opportunity Zone RB Refunding for International Paper Company,
Series 2018 (BBB/Baa2)(a)(b) |
|
|
|
6,800,000 |
|
|
|
2.900 |
|
|
09/01/2023 |
|
7,239,280 |
| Warren County RB Refunding for International Paper Company, Series 2018 (BBB/Baa2)(a)(b) |
|
|
|
1,425,000 |
|
|
|
2.900 |
|
|
09/01/2023 |
|
1,517,055 |
| Warren County RB Refunding for International Paper Company, Series 2020 A
(BBB/Baa2)(a)(b) |
|
|
|
9,085,000 |
|
|
|
1.375 |
|
|
06/16/2025 |
|
9,430,139 |
| Warren County RB Refunding for International Paper Company, Series 2020 B (AMT)
(BBB/Baa2)(a)(b) |
|
|
|
1,175,000 |
|
|
|
1.600 |
|
|
06/16/2025 |
|
1,231,247 |
| Warren County RB Refunding for International Paper Company, Series 2020 C
(BBB/Baa2)(a)(b) |
|
|
|
9,300,000 |
|
|
|
1.375 |
|
|
06/16/2025 |
|
9,653,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
88,930,575 |
| |
| Missouri – 0.3% |
| Cape Girardeau County IDA Health Facilities RB Refunding for South Eastern Health
Series 2017 A (BBB-/Ba1) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
401,904 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Missouri – (continued) |
| Kansas City Industrial Development Authority RB Refunding for Kansas City
International Airport Project Series 2020 C (A-/A2) |
| $ |
|
|
5,000,000 |
|
|
|
0.889 |
% |
|
03/01/2022 |
|
$ 5,009,300 |
|
|
|
4,000,000 |
|
|
|
1.075 |
|
|
03/01/2023 |
|
4,024,960 |
|
|
|
3,000,000 |
|
|
|
1.302 |
|
|
03/01/2024 |
|
3,039,510 |
|
|
|
3,220,000 |
|
|
|
1.402 |
|
|
03/01/2025 |
|
3,271,005 |
| Missouri Health & Educational Facilities Authority RB Refunding for J.B. Wright
& Trenton Trust Obligated Group Series 2019 (BBB-/NR) |
|
|
|
570,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
623,255 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
09/01/2024 |
|
676,320 |
| Missouri Health & Educational Facilities Authority RB Refunding for Mosaic
Health System Series 2019 A (AA-/A1) |
|
|
|
1,055,000 |
|
|
|
5.000 |
|
|
02/15/2021 |
|
1,060,222 |
|
|
|
665,000 |
|
|
|
5.000 |
|
|
02/15/2022 |
|
697,811 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
02/15/2023 |
|
632,339 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
02/15/2024 |
|
457,752 |
| Missouri Southern State University RB Series 2019 A (AGM) (AA/NR) |
|
|
|
105,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
118,690 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
144,917 |
| Missouri State Environmental Improvement & Energy Resources Authority RB
Refunding for Union Electric Co. Project Series 1992 (A/A2) |
|
|
|
5,300,000 |
|
|
|
1.600 |
|
|
12/01/2022 |
|
5,349,873 |
| Southeast Missouri State University RB Refunding Series 2020 (A/NR) |
|
|
|
585,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
615,671 |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
1,306,464 |
|
|
|
1,405,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
1,580,161 |
|
|
|
1,410,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
1,627,958 |
|
|
|
2,795,000 |
|
|
|
5.000 |
|
|
04/01/2026 |
|
3,314,563 |
| St. Louis County Rockwood School District GO Refunding Bonds
Series 2017
(AAA/NR) |
|
|
|
3,995,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
4,009,023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,961,698 |
| |
| Montana – 0.1% |
| City of Billings RB for Sewer System Series 2017 (AA+/Aa3) |
|
|
|
210,000 |
|
|
|
4.000 |
|
|
07/01/2021 |
|
213,919 |
|
|
|
310,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
332,109 |
| Forsyth Montana Pollution Control RB Refunding for Northwestern Corp. Colstrip
Project Series 2016 (A-/A3) |
|
|
|
8,790,000 |
|
|
|
2.000 |
|
|
08/01/2023 |
|
9,041,921 |
| Gallatin County High School District No. 7 GO Bonds for School Building Series 2017
A (NR/Aa2) |
|
|
|
470,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
512,695 |
| Montana Facility Finance Authority RB for Sisters of Charity of Leavenworth Health
System, Inc. Obligated Group Series 2019 A (AA-/Aa3) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
783,862 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
545,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,429,921 |
| |
| Nebraska – 0.2% |
| Central Plains Energy Project RB Refunding Series 2019 (AA/Aa2)(a)(b) |
|
|
|
12,400,000 |
|
|
|
4.000 |
|
|
08/01/2025 |
|
14,242,516 |
| City of Lincoln Electric System RB Refunding Series 2012 (AA/NR) |
|
|
|
2,615,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
2,698,419 |
| County of Washington RB Refunding for Cargill, Inc. Series 2012 (AMT) (A/NR)(a)(b) |
|
|
|
4,700,000 |
|
|
|
0.900 |
|
|
09/01/2025 |
|
4,763,779 |
| Douglas County Hospital Authority No. 2 RB for Children’s Hospital Obligated
Group Series 2020 B (AA-/A1)(a)(b) |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
2,534,133 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Nebraska – (continued) |
| Douglas County Hospital Authority No. 2 RB Refunding for Children’s Hospital
Obligated Group Series 2020 A (AA-/A1) |
| $ |
|
|
100,000 |
|
|
|
5.000 |
% |
|
11/15/2021 |
|
$ 103,835 |
|
|
|
110,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
124,186 |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
212,438 |
| Nebraska Public Power District RB Series 2012 A (A+/A1) |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
01/01/2021 |
|
2,000,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,679,306 |
| |
| Nevada – 0.7% |
| City of North Las Vegas GO Refunding Bonds for Wastewater Reclamation Series 2019
(BAM) (AA/A2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
1,018,990 |
|
|
|
1,970,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
2,255,689 |
| Clark County School District Building GO Bonds Series 2016 B
(A+/A1) |
|
|
|
1,190,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
1,268,040 |
| Clark County School District Building GO Bonds Series 2017 A
(A+/A1) |
|
|
|
3,675,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
3,916,007 |
| Clark County School District GO Bonds Series 2020 A (AGM)
(A+/A1) |
|
|
|
600,000 |
|
|
|
3.000 |
|
|
06/15/2022 |
|
622,092 |
| Clark County School District GO Bonds Series 2020 A (AGM) (AA/A1) |
|
|
|
250,000 |
|
|
|
3.000 |
|
|
06/15/2023 |
|
265,682 |
|
|
|
275,000 |
|
|
|
3.000 |
|
|
06/15/2024 |
|
299,093 |
|
|
|
325,000 |
|
|
|
3.000 |
|
|
06/15/2025 |
|
359,941 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
06/15/2026 |
|
680,796 |
| Clark County Water Reclamation District GO Refunding Bonds for Water Reclamation
Series 2016 (AAA/Aa1) |
|
|
|
3,640,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
3,902,444 |
| County of Clark Department of Aviation RB Refunding for Jet Aviation Fuel Tax
Series 2013 A (AMT) (A/A1) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
533,100 |
|
|
|
1,650,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
1,793,418 |
|
|
|
2,100,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
2,279,025 |
| County of Clark GO Bonds Series 2013 (AA+/Aa1)(d) |
|
|
|
19,840,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
22,500,544 |
| County of Clark Passenger Facility Charge RB Refunding Series 2017 B (AMT)
(A/Aa3) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
5,546,800 |
| County of Humboldt Nevada Pollution Control RB Refunding for Idaho Power Co. Series
2003 (A-/A1) |
|
|
|
12,000,000 |
|
|
|
1.450 |
|
|
12/01/2024 |
|
12,337,080 |
| Las Vegas Convention & Visitors Authority RB Refunding
Series 2017 B
(A/Aa3) |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
802,725 |
| Las Vegas Convention & Visitors Authority RB Series 2018 B
(A/Aa3) |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
223,092 |
| Las Vegas Valley Nevada Water District GO Refunding Bonds
Series 2018 B
(AA/Aa1) |
|
|
|
9,010,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
9,187,857 |
| State of Nevada GO Bonds for Capital Improvements & Cultural Affairs Series
2014 A (AA+/Aa1) |
|
|
|
2,590,000 |
|
|
|
5.000 |
|
|
04/01/2021 |
|
2,620,251 |
| Washoe County Sierra Pacific Power Company Project RB Refunding for Nevada Gas
& Water Facilities Series 2016 B (A+/A2)(a)(b) |
|
|
|
2,160,000 |
|
|
|
3.000 |
|
|
06/01/2022 |
|
2,238,019 |
| Washoe County Sierra Pacific Power Company Project RB Refunding for Nevada Gas
& Water Facilities Series 2016 C (AMT) (NR/A2)(a)(b) |
|
|
|
2,000,000 |
|
|
|
0.625 |
|
|
04/15/2022 |
|
2,001,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
76,652,085 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Hampshire – 0.4% |
| New Hampshire Business Finance Authority RB Refunding for Waste Management, Inc.
Series 2018 A (AMT) (A-/NR)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.75%), |
|
|
| $ |
|
|
31,000,000 |
|
|
|
0.840 |
% |
|
10/01/2021 |
|
$ 31,010,850 |
| New Hampshire Business Finance Authority RB Refunding for Waste Management, Inc.
Series 2019 A-1 (AMT) (A-/NR)(a)(b) |
|
|
|
1,250,000 |
|
|
|
2.150 |
|
|
07/01/2024 |
|
1,313,338 |
| New Hampshire Business Finance Authority RB Refunding for Waste Management, Inc.
Series 2019 A-2 (AMT) (A-/NR)(a)(b) |
|
|
|
5,000,000 |
|
|
|
2.150 |
|
|
07/01/2024 |
|
5,253,350 |
| New Hampshire Business Finance Authority RB Refunding for Waste Management, Inc.
Series 2019 A-3 (AMT) (A-/NR)(a)(b) |
|
|
|
5,000,000 |
|
|
|
2.150 |
|
|
07/01/2024 |
|
5,253,350 |
| New Hampshire Business Finance Authority RB Refunding for Waste Management, Inc.
Series 2019 A-4 (AMT) (A-/NR)(a)(b) |
|
|
|
3,000,000 |
|
|
|
2.150 |
|
|
07/01/2024 |
|
3,152,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,982,898 |
| |
| New Jersey – 5.3% |
| Atlantic City New Jersey Tax Appeal Refunding Bonds Series 2017 A (BAM) (ST AID
WITHHLDG) (AA/Baa1) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
545,785 |
| Borough of Fair Lawn GO Bonds Series 2020 (NR/MIG1) |
|
|
|
5,000,000 |
|
|
|
1.500 |
|
|
09/10/2021 |
|
5,044,700 |
| Burlington County Bridge Commission RB for County of Burlington NJ Series 2020
A&B (NR/MIG1) |
|
|
|
30,000,000 |
|
|
|
3.500 |
|
|
04/15/2021 |
|
30,278,400 |
| City of Newark GO Bonds Series 2020 (NR/NR) |
|
|
|
3,500,000 |
|
|
|
3.500 |
|
|
07/27/2021 |
|
3,557,260 |
| City of Newark GO Refunding Bonds Series 2020 A (AGM) (ST AID WITHHLDG)
(AA/A2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
1,118,050 |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
925,520 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
777,920 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
922,477 |
| City of Newark GO Refunding Bonds Series 2020 A (ST AID WITHHLDG)
(NR/Baa1) |
|
|
|
115,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
118,550 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
802,253 |
| City of Newark GO Refunding Bonds Series 2020 B (AGM) (SCH BD RES FD)
(AA/A2) |
|
|
|
525,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
586,976 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
751,985 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
718,080 |
| City of Newark GO Refunding Bonds Series 2020 B (SCH BD RES FD)
(NR/A3) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
257,867 |
|
|
|
580,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
620,409 |
| County of Cape May GO Bonds Series 2019 (NR/Aa1) |
|
|
|
830,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
853,713 |
|
|
|
2,450,000 |
|
|
|
4.000 |
|
|
10/01/2022 |
|
2,613,733 |
|
|
|
2,655,000 |
|
|
|
4.000 |
|
|
10/01/2024 |
|
3,017,036 |
| Garden State Preservation Trust Capital Appreciation RB Series 2003 B (AGM) (AA/A2)(f) |
|
|
|
5,750,000 |
|
|
|
0.000 |
|
|
11/01/2021 |
|
5,713,775 |
| Hudson County New Jersey GO Refunding Bonds Series 2015 (AGM)
(AA/Aa3) |
|
|
|
1,025,000 |
|
|
|
4.000 |
|
|
02/15/2021 |
|
1,029,131 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey Economic Development Authority RB for Provident Group - Kean Properties
L.L.C. - Kean University Student Housing Project Series 2017 A (B/NR) |
| $ |
|
|
180,000 |
|
|
|
4.000 |
% |
|
07/01/2021 |
|
$ 180,927 |
|
|
|
220,000 |
|
|
|
4.000 |
|
|
01/01/2022 |
|
222,255 |
|
|
|
225,000 |
|
|
|
4.000 |
|
|
07/01/2022 |
|
222,568 |
|
|
|
270,000 |
|
|
|
4.000 |
|
|
01/01/2023 |
|
265,896 |
|
|
|
275,000 |
|
|
|
4.000 |
|
|
07/01/2023 |
|
269,833 |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
01/01/2024 |
|
312,429 |
|
|
|
325,000 |
|
|
|
4.000 |
|
|
07/01/2024 |
|
316,127 |
| New Jersey Economic Development Authority RB for School Facilities Construction
Series 2014 UU (BBB/Baa1) |
|
|
|
10,070,000 |
|
|
|
5.000 |
|
|
06/15/2040 |
|
11,021,313 |
| New Jersey Economic Development Authority RB Refunding for New Jersey-American
Water Co., Inc. Series 2020 A (A+/A1) |
|
|
|
1,375,000 |
|
|
|
1.000 |
|
|
06/01/2023 |
|
1,388,214 |
| New Jersey Economic Development Authority RB Refunding for New Jersey-American
Water Co., Inc. Series 2020 B (AMT) (A+/A1)(a)(b) |
|
|
|
8,645,000 |
|
|
|
1.200 |
|
|
06/01/2023 |
|
8,767,240 |
| New Jersey Economic Development Authority RB Refunding for New Jersey-American
Water Co., Inc. Series 2020 C (AMT) (A+/A1) |
|
|
|
2,550,000 |
|
|
|
1.150 |
|
|
06/01/2023 |
|
2,576,290 |
| New Jersey Economic Development Authority RB Refunding for New Jersey-American
Water Co., Inc. Series 2020 E (AMT) (A+/A1) |
|
|
|
3,100,000 |
|
|
|
0.850 |
|
|
12/01/2025 |
|
3,107,998 |
| New Jersey Economic Development Authority RB Refunding for Provident Group -
Montclair Properties L.L.C. - Montclair University Student Housing Project Series 2017 (AGM) (AA/A2) |
|
|
|
1,835,000 |
|
|
|
4.000 |
|
|
06/01/2021 |
|
1,856,231 |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
06/01/2022 |
|
1,039,900 |
| New Jersey Economic Development Authority RB Refunding for School Facilities
Construction Series 2005 N-1 (AMBAC) (BBB/Baa1) |
|
|
|
12,350,000 |
|
|
|
5.500 |
|
|
09/01/2024 |
|
14,388,985 |
| New Jersey Economic Development Authority RB Refunding for School Facilities
Construction Series 2013 I (ST APPROP) (BBB/Baa1)(c) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 1.25%), |
|
|
|
|
|
13,315,000 |
|
|
|
1.340 |
|
|
09/01/2025 |
|
13,152,557 |
| New Jersey Economic Development Authority RB Refunding for School Facilities
Construction Series 2015 XX (BBB/Baa1) |
|
|
|
22,710,000 |
|
|
|
5.000 |
|
|
06/15/2021 |
|
23,172,376 |
|
|
|
6,900,000 |
|
|
|
5.000 |
|
|
06/15/2025 |
|
8,114,538 |
| New Jersey Economic Development Authority RB Refunding for School Facilities
Construction Series 2018 FFF (BBB/Baa1) |
|
|
|
2,345,000 |
|
|
|
5.000 |
|
|
06/15/2023 |
|
2,595,258 |
|
|
|
6,500,000 |
|
|
|
5.000 |
|
|
06/15/2024 |
|
7,402,785 |
| New Jersey Educational Facilities Authority RB Refunding for Stevens Institute of
Technology Series 2017 A (BBB+/NR) |
|
|
|
485,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
493,764 |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
463,927 |
| New Jersey Health Care Facilities Financing Authority RB for Princeton Healthcare
System Issue Series 2016 A (AA/Aa3) |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
766,717 |
| New Jersey Health Care Facilities Financing Authority RB Refunding for RWJ Barnabas
Health Obligated Group Series 2019 B-1 (AA-/A1)(a)(b) |
|
|
|
13,480,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
15,521,546 |
| New Jersey Health Care Facilities Financing Authority RB Refunding for RWJ Barnabas
Health Obligated Group Series 2019 B-2 (AA-/A1)(a)(b) |
|
|
|
6,825,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
8,150,893 |
| New Jersey Health Care Facilities Financing Authority RB Refunding for Trinitas
Regional Medical Center Series 2017 A (BBB/Baa2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
1,021,500 |
|
|
|
1,240,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
1,320,563 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey State Turnpike Authority RB Refunding Series 2005 A (AGM)
(AA/A2) |
| $ |
|
|
1,615,000 |
|
|
|
5.250 |
% |
|
01/01/2026 |
|
$ 2,005,297 |
| New Jersey State Turnpike Authority RB Refunding Series 2014 C
(A+/A2) |
|
|
|
3,560,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
3,721,838 |
| New Jersey State Turnpike Authority RB Refunding Series 2017 C-1 (ETM) (A+/A2)(c)(d) |
|
|
|
(1 Mo. LIBOR + 0.34%), |
|
|
|
|
|
1,290,000 |
|
|
|
0.448 |
|
|
01/01/2021 |
|
1,290,000 |
| New Jersey State Turnpike Authority RB Refunding Series 2017 C-2 (A+/A2)(c) |
|
|
|
(1 Mo. LIBOR + 0.48%), |
|
|
|
|
|
5,000,000 |
|
|
|
0.588 |
|
|
01/01/2022 |
|
4,992,000 |
| New Jersey State Turnpike Authority RB Refunding Series 2017 C-3 (A+/A2)(c) |
|
|
|
(1 Mo. LIBOR + 0.60%), |
|
|
|
|
|
15,565,000 |
|
|
|
0.708 |
|
|
01/01/2023 |
|
15,533,870 |
| New Jersey State Turnpike Authority RB Refunding Series 2017 D-1 (A+/A2)(c) |
|
|
|
(1 Mo. LIBOR + 0.70%), |
|
|
|
|
|
5,000,000 |
|
|
|
0.808 |
|
|
01/01/2024 |
|
4,998,700 |
| New Jersey State Turnpike Authority RB Series 2014 A (A+/A2) |
|
|
|
8,650,000 |
|
|
|
5.000 |
|
|
01/01/2027 |
|
9,966,962 |
| New Jersey Transportation Trust Fund Authority RB Capital Appreciation for
Transportation System Bonds Series 2010 A (BBB/Baa1)(f) |
|
|
|
28,575,000 |
|
|
|
0.000 |
|
|
12/15/2028 |
|
24,363,902 |
| New Jersey Transportation Trust Fund Authority RB for Transportation Program Bonds
Series 2014 AA (BBB/Baa1) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
06/15/2021 |
|
10,203,600 |
| New Jersey Transportation Trust Fund Authority RB for Transportation Program Bonds
Series 2015 AA (BBB/Baa1) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/15/2021 |
|
1,020,360 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2005 B (NATL-RE) (BBB/Baa1) |
|
|
|
15,550,000 |
|
|
|
5.500 |
|
|
12/15/2021 |
|
16,292,202 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 A (AGM-CR) (AA/A2) |
|
|
|
25,080,000 |
|
|
|
5.250 |
|
|
12/15/2022 |
|
27,392,627 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 C (AMBAC) (BBB/Baa1)(f) |
|
|
|
25,055,000 |
|
|
|
0.000 |
|
|
12/15/2025 |
|
23,468,768 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2006 C (NATL-RE) (BBB/Baa1)(f) |
|
|
|
34,195,000 |
|
|
|
0.000 |
|
|
12/15/2027 |
|
30,621,622 |
|
|
|
320,000 |
|
|
|
0.000 |
|
|
12/15/2031 |
|
254,422 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Bonds
Series 2010 D (BBB/Baa1) |
|
|
|
3,435,000 |
|
|
|
5.000 |
|
|
12/15/2023 |
|
3,863,654 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2011 A (BBB/Baa1)(d) |
|
|
|
5,185,000 |
|
|
|
5.000 |
|
|
06/15/2021 |
|
5,295,492 |
| New Jersey Transportation Trust Fund Authority RB for Transportation System Series
2019 A (BBB/Baa1) |
|
|
|
8,080,000 |
|
|
|
5.000 |
|
|
12/15/2024 |
|
9,312,685 |
|
|
|
12,030,000 |
|
|
|
5.000 |
|
|
12/15/2025 |
|
14,261,084 |
| New Jersey Transportation Trust Fund Authority RB Refund for Transportation System
Bonds Series 2018 A (BBB/Baa1) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/15/2023 |
|
2,249,580 |
| New Jersey Transportation Trust Fund Authority RB Refunding for Federal Highway
Reimbursement Notes Series 2018 A (A+/Baa1) |
|
|
|
5,215,000 |
|
|
|
5.000 |
|
|
06/15/2021 |
|
5,316,432 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
5,306,200 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Jersey – (continued) |
| New Jersey Transportation Trust Fund Authority RB Refunding for Transportation
Systems Series 2010 D (BBB/Baa1) |
| $ |
|
|
27,745,000 |
|
|
|
5.250 |
% |
|
12/15/2023 |
|
$ 31,429,259 |
| New Jersey Transportation Trust Fund Authority RB Series 2004 A (NATL-RE)
(BBB/Baa1) |
|
|
|
4,920,000 |
|
|
|
5.750 |
|
|
06/15/2023 |
|
5,536,673 |
| New Jersey Transportation Trust Fund Authority RB Series 2006 C (AMBAC) (BBB/Baa1)(f) |
|
|
|
3,500,000 |
|
|
|
0.000 |
|
|
12/15/2026 |
|
3,205,405 |
| New Jersey Transportation Trust Fund Authority RB Subseries 2016 A-1 &
Subseries A-2 (A+/Baa1) |
|
|
|
11,250,000 |
|
|
|
5.000 |
|
|
06/15/2023 |
|
12,377,700 |
| New Jersey Transportation Trust Fund Authority Transportation RB Series 2011 B
(BBB/Baa1)(d) |
|
|
|
5,150,000 |
|
|
|
5.250 |
|
|
06/15/2021 |
|
5,265,463 |
| New Jersey Transportation Trust Fund Authority Transportation System RB Series 2006
A (AGM-CR) (AA/A2) |
|
|
|
30,330,000 |
|
|
|
5.500 |
|
|
12/15/2022 |
|
33,273,223 |
| Plainsboro Township GO General Improvement Bonds Series 2016 (AAA/NR) |
|
|
|
1,050,000 |
|
|
|
2.000 |
|
|
08/01/2022 |
|
1,080,492 |
| State of New Jersey COVID 19 Emergency GO Bonds Series 2020 A
(BBB+/A3) |
|
|
|
22,450,000 |
|
|
|
4.000 |
|
|
06/01/2023 |
|
24,373,291 |
|
|
|
25,000,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
28,771,750 |
|
|
|
19,520,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
23,232,314 |
|
|
|
20,000,000 |
|
|
|
5.000 |
|
|
06/01/2026 |
|
24,465,400 |
| Tobacco Settlement Financing Corp. RB Series 2018 B (BBB/NR) |
|
|
|
4,175,000 |
|
|
|
3.200 |
|
|
06/01/2027 |
|
4,290,773 |
| Toms River Board of Education GO Bonds Series 2019 (SCH BD RES FD)
(AA-/NR) |
|
|
|
2,695,000 |
|
|
|
2.000 |
|
|
07/15/2022 |
|
2,764,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
610,164,064 |
| |
| New Mexico – 0.8% |
| City of Albuquerque General Purpose GO Bonds Series 2018 A (AAA/Aa3) |
|
|
|
6,480,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
6,633,187 |
| Farmington City PCRB Refunding for Public Service Co. of New Mexico San Juan &
Four Corners Projects Series 2016 A
(BBB/Baa2)(a)(b) |
|
|
|
6,645,000 |
|
|
|
1.875 |
|
|
10/01/2021 |
|
6,710,320 |
| Farmington City PCRB Refunding for Public Service Co. of New Mexico Series 2010 B
(BBB/Baa2)(a)(b) |
|
|
|
50,000 |
|
|
|
2.125 |
|
|
06/01/2022 |
|
51,043 |
| Farmington City PCRB Refunding for Public Service Co. of New Mexico Series 2010 C
(BBB/Baa2)(a)(b) |
|
|
|
10,000,000 |
|
|
|
1.150 |
|
|
06/01/2024 |
|
10,201,900 |
| Farmington City PCRB Refunding for Public Service Co. of New Mexico Series 2010 D
(BBB/Baa2)(a)(b) |
|
|
|
14,760,000 |
|
|
|
1.100 |
|
|
06/01/2023 |
|
14,978,300 |
| Farmington City PCRB Refunding for Public Service Co. of New Mexico Series 2010 E
(BBB/Baa2)(a)(b) |
|
|
|
11,500,000 |
|
|
|
1.150 |
|
|
06/01/2024 |
|
11,732,185 |
| Farmington City PCRB Refunding for Public Servicing Co. of New Mexico San Juan
& Four Corners Projects Series 2016 B
(BBB/Baa2)(a)(b) |
|
|
|
15,425,000 |
|
|
|
1.875 |
|
|
10/01/2021 |
|
15,576,628 |
| Farmington New Mexico PCRB Refunding for Public Service Co. of New Mexico San Juan
Project RMKT 06/01/17 Series 2017 B (BBB/Baa2)(a)(b) |
|
|
|
3,750,000 |
|
|
|
2.125 |
|
|
06/01/2022 |
|
3,828,225 |
| New Mexico Finance Authority RB Refunding for State Transportation Commission
Series 2012 (AA+/Aa1) |
|
|
|
4,075,000 |
|
|
|
5.000 |
|
|
06/15/2022 |
|
4,361,269 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New Mexico – (continued) |
| New Mexico Finance Authority RB Refunding for State Transportation Senior Lien
Series 2010 B (AA+/Aa1) |
| $ |
|
|
3,600,000 |
|
|
|
5.000 |
% |
|
06/15/2021 |
|
$ 3,678,192 |
| New Mexico State GO Refunding Bonds Series 2017 B (AA/Aa2) |
|
|
|
9,485,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
9,557,371 |
| Village of Los Ranchos de Albuquerque RB Refunding for Albuquerque Academy Series
2020 (A-/NR) |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
107,370 |
|
|
|
100,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
110,034 |
|
|
|
175,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
197,104 |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
09/01/2026 |
|
180,326 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
87,903,454 |
| |
| New York – 14.4% |
| Brookhaven Local Development Corp. RB for Active Retirement Community, Inc.
Obligated Group Series 2020 B (BBB/NR) |
|
|
|
5,400,000 |
|
|
|
1.625 |
|
|
11/01/2025 |
|
5,476,680 |
| Brooklyn Arena Local Development Corp. Pilot RB Refunding for Barclays Center
Series 2016 A (NR/Ba1) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
07/15/2021 |
|
1,263,837 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/15/2022 |
|
526,955 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
07/15/2023 |
|
543,375 |
| Broome County Local Development Corp. RB Refunding for United Health Services
Hospitals Obligated Group Series 2020 (AGM) (AA/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
573,370 |
|
|
|
520,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
618,878 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
04/01/2026 |
|
614,860 |
| Catskill Central School District GO Bonds Series 2021 (ST AID WITHHLDG) (NR/NR)(h) |
|
|
|
10,000,000 |
|
|
|
1.250 |
|
|
06/30/2021 |
|
10,045,100 |
| City of Middletown GO Bonds Series 2020 (NR/MIG1) |
|
|
|
6,925,000 |
|
|
|
1.500 |
|
|
08/26/2021 |
|
6,983,378 |
| City of New York GO Bonds Fiscal 2014 Series D Subseries D-3 (AA/Aa2)(a)(b) |
|
|
|
42,105,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
46,936,128 |
| City of New York GO Bonds Series 2012 B (AA/Aa2) |
|
|
|
6,675,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
7,174,824 |
| City of Rochester GO Bonds Series 2020 (NR/NR) |
|
|
|
59,305,000 |
|
|
|
3.000 |
|
|
06/30/2021 |
|
60,030,893 |
|
|
|
55,895,000 |
|
|
|
2.000 |
|
|
08/04/2021 |
|
56,395,819 |
| City of Syracuse GO Bonds Series 2020 (NR/NR) |
|
|
|
50,000,000 |
|
|
|
2.000 |
|
|
07/30/2021 |
|
50,485,500 |
| County of Nassau GO Bonds for General Improvement Series 2017 B
(A+/A2) |
|
|
|
2,535,000 |
|
|
|
5.000 |
|
|
04/01/2021 |
|
2,562,733 |
|
|
|
2,345,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
2,477,563 |
| County of Nassau GO Bonds for General Improvement Series 2018 B (AGM)
(AA/A2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
1,069,920 |
| County of Nassau GO Bonds Series 2020 C (SP-1+/NR) |
|
|
|
19,195,000 |
|
|
|
4.000 |
|
|
03/15/2021 |
|
19,336,851 |
| County of Suffolk GO Bonds Anticipation Notes Series 2020 I (SP-2/NR) |
|
|
|
14,485,000 |
|
|
|
2.000 |
|
|
07/22/2021 |
|
14,577,269 |
| County of Suffolk GO Bonds Anticipation Notes Series 2020 II
(SP-2/NR)(h) |
|
|
|
2,500,000 |
|
|
|
2.000 |
|
|
08/19/2021 |
|
2,518,175 |
| County of Suffolk GO Refunding Bonds Series 2020 B (AGM) (AA/NR) |
|
|
|
3,430,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
3,641,048 |
|
|
|
3,115,000 |
|
|
|
5.000 |
|
|
05/15/2023 |
|
3,439,240 |
| County of Suffolk GO Refunding Bonds Series 2020 C (AGM) (AA/NR) |
|
|
|
1,275,000 |
|
|
|
0.899 |
|
|
06/15/2022 |
|
1,276,224 |
|
|
|
1,060,000 |
|
|
|
1.046 |
|
|
06/15/2023 |
|
1,063,689 |
|
|
|
2,690,000 |
|
|
|
1.407 |
|
|
06/15/2024 |
|
2,709,771 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| Eastport-South Manor Central School District GO Bonds Series 2020 (ST AID WITHHDLG)
(NR/NR) |
| $ |
|
|
15,200,000 |
|
|
|
1.500 |
% |
|
04/15/2021 |
|
$ 15,250,616 |
| Greece Central School District GO Bonds Series 2020 (ST AID WITHHLDG)
(NR/NR) |
|
|
|
23,000,000 |
|
|
|
1.500 |
|
|
06/29/2021 |
|
23,135,010 |
| Hermon-DeKalb Central School District GO Bonds Series 2020 (ST AID WITHHLDG)
(NR/MIG1) |
|
|
|
5,100,000 |
|
|
|
1.500 |
|
|
08/20/2021 |
|
5,139,984 |
| Long Island Power Authority RB Refunding Series 2014 C (A/A2)(a) |
|
|
|
(1 Mo. LIBOR + 0.75%), |
|
|
|
|
|
34,000,000 |
|
|
|
0.858 |
|
|
10/01/2023 |
|
34,037,740 |
| Long Island Power Authority RB Refunding Series 2015 C (A/A2)(a) |
|
|
|
(1 Mo. LIBOR + 0.75%), |
|
|
|
|
|
28,500,000 |
|
|
|
0.858 |
|
|
10/01/2023 |
|
28,531,920 |
| Long Island Power Authority RB Refunding Series 2020 B (A/A2)(a)(b) |
|
|
|
8,000,000 |
|
|
|
0.850 |
|
|
09/01/2025 |
|
8,061,200 |
| Long Island Power Authority RB Series 2012 B (A/A2) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
09/01/2027 |
|
10,732,600 |
| Long Island Power Authority RB Series 2019 B (A/A2)(a)(b) |
|
|
|
13,675,000 |
|
|
|
1.650 |
|
|
09/01/2024 |
|
14,209,693 |
| Metropolitan Transportation Authority Dedicated Tax Fund Bonds Anticipation Notes
Series 2019 A (SP-1+/NR) |
|
|
|
31,125,000 |
|
|
|
5.000 |
|
|
03/01/2022 |
|
32,650,748 |
| Metropolitan Transportation Authority Dedicated Tax RB Refunding RMKT 08/13/13
Series 2008 B-4 (AA/NR) |
|
|
|
14,265,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
16,103,616 |
| Metropolitan Transportation Authority RB Anticipation Notes
Series 2020 A-1
(SP-2/MIG2) |
|
|
|
41,265,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
43,721,918 |
| Metropolitan Transportation Authority RB Anticipation Notes
Series 2020A-2S
(SP-2/MIG2) |
|
|
|
10,390,000 |
|
|
|
4.000 |
|
|
02/01/2022 |
|
10,600,086 |
| Metropolitan Transportation Authority RB Green Bond Subseries 2019 A-1
(BBB+/A3)(a)(b) |
|
|
|
56,070,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
61,220,030 |
| Metropolitan Transportation Authority RB Refunding for Climate Bond Certified
Series 2020 E (BBB+/A3) |
|
|
|
4,250,000 |
|
|
|
4.000 |
|
|
11/15/2026 |
|
4,692,978 |
|
|
|
3,750,000 |
|
|
|
5.000 |
|
|
11/15/2027 |
|
4,441,425 |
| Metropolitan Transportation Authority RB Refunding Series 2012 D
(BBB+/A3) |
|
|
|
4,750,000 |
|
|
|
5.000 |
|
|
11/15/2030 |
|
5,008,067 |
| Metropolitan Transportation Authority RB Refunding Subseries 2012 G-4
(BBB+/A3)(a) |
|
|
|
(1 Mo. LIBOR + 0.55%), |
|
|
|
|
|
26,620,000 |
|
|
|
0.654 |
|
|
11/01/2022 |
|
25,783,333 |
| Metropolitan Transportation Authority RB Series 2011 B (BBB+/A3)(a) |
|
|
|
(1 Mo. LIBOR + 0.55%), |
|
|
|
|
|
26,625,000 |
|
|
|
0.654 |
|
|
11/01/2022 |
|
25,788,176 |
| Metropolitan Transportation Authority RB Series 2018 B-2A (SP-2/MIG2) |
|
|
|
14,325,000 |
|
|
|
5.000 |
|
|
05/15/2021 |
|
14,475,269 |
| Metropolitan Transportation Authority RB Subseries 2005 D-1 (BBB+/A3)(a) |
|
|
|
(1 Mo. LIBOR + 0.65%), |
|
|
|
|
|
25,585,000 |
|
|
|
0.754 |
|
|
07/01/2021 |
|
25,400,532 |
| Metropolitan Transportation Authority RB Subseries 2014 D-2 (BBB+/A3)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.45%), |
|
|
|
|
|
15,000,000 |
|
|
|
0.540 |
|
|
11/15/2022 |
|
14,530,200 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| Monroe County Industrial Development Corp. RB Refunding for Rochester Regional
Health Obligated Group Series 2020 A (BBB+/NR) |
| $ |
|
|
260,000 |
|
|
|
5.000 |
% |
|
12/01/2021 |
|
$ 270,582 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
325,299 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
281,647 |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
700,506 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
903,383 |
| New York City GO Bonds Fiscal 2008 Series J Subseries J-3 (AA/Aa2) |
|
|
|
19,380,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
20,807,531 |
| New York City GO Bonds Fiscal 2019 Series A (AA/Aa2) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
10,736,600 |
| New York City GO Bonds Subseries 2006 C-4 (AGM) (AA/Aa2)(b) |
|
|
|
300,000 |
|
|
|
0.090 |
|
|
01/04/2021 |
|
300,000 |
| New York City GO Bonds Subseries 2012 A-1 (AA/Aa2)(d) |
|
|
|
10,210,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
11,063,964 |
| New York City GO Refunding Bonds Fiscal 2018 Series A (AA/Aa2) |
|
|
|
4,175,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
5,205,348 |
| New York City GO Refunding Bonds Fiscal 2019 Series A (AA/Aa2) |
|
|
|
4,395,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
5,113,758 |
| New York City GO Refunding Bonds Series 2015 A (AA/Aa2) |
|
|
|
8,670,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
8,910,419 |
| New York City GO Refunding Bonds Subseries 2020 C-1 (AA/Aa2) |
|
|
|
1,160,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
1,349,706 |
| New York City GO Refunding Bonds Subseries 2021 A-1 (AA/Aa2) |
|
|
|
11,845,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
13,782,131 |
|
|
|
6,265,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
7,562,920 |
| New York City Housing Development Corp. Multi-Family RB for Sustainable
Neighborhood Series 2018 L-1 (AA+/Aa2)(a)(b) |
|
|
|
6,500,000 |
|
|
|
2.750 |
|
|
12/29/2023 |
|
6,766,890 |
| New York City Housing Development Corp. RB Green Bond
Series 2020 A-3
(AA+/Aa2)(a)(b) |
|
|
|
10,500,000 |
|
|
|
1.125 |
|
|
11/01/2024 |
|
10,576,860 |
| New York City Housing Development Corp. RB Green Bonds
Series 2018 L-1
(AA+/Aa2)(a)(b) |
|
|
|
510,000 |
|
|
|
2.750 |
|
|
12/29/2023 |
|
530,941 |
| New York City Housing Development Corp. RB Series 2020 D-2 (AA+/Aa2)(a)(b) |
|
|
|
2,000,000 |
|
|
|
0.700 |
|
|
11/01/2024 |
|
1,998,620 |
| New York City Industrial Development Agency RB for Yankee Stadium LLC Series 2006
(FGIC) (BBB+/Baa1)(c) |
|
|
|
(MUNI-CPI + 0.87%), |
|
|
|
|
|
2,505,000 |
|
|
|
2.052 |
|
|
03/01/2025 |
|
2,567,174 |
|
|
|
(MUNI-CPI + 0.88%), |
|
|
|
|
|
2,610,000 |
|
|
|
2.062 |
|
|
03/01/2026 |
|
2,680,078 |
|
|
|
(MUNI-CPI + 0.89%), |
|
|
|
|
|
2,725,000 |
|
|
|
2.072 |
|
|
03/01/2027 |
|
2,787,212 |
| New York City Industrial Development Agency RB for Yankee Stadium LLC Series 2006
(NATL-RE) (BBB+/Baa1)(c) |
|
|
|
(MUNI-CPI + 0.86%), |
|
|
|
|
|
2,405,000 |
|
|
|
2.042 |
|
|
03/01/2024 |
|
2,458,247 |
| New York City Transitional Finance Authority Building Aid RB
Series 2015 S-1 (ST AID WITHHLDG) (AA/Aa3) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
07/15/2033 |
|
11,687,100 |
| New York City Transitional Finance Authority Future Tax Secured RB Refunding Series
2015 C (AAA/Aa1) |
|
|
|
2,325,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
2,743,058 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2007 C-3 (AGM) (AAA/Aa1)(a)(b) |
|
|
|
200,000 |
|
|
|
0.310 |
|
|
01/11/2021 |
|
200,000 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2014 D-1 (AAA/Aa1) |
|
|
|
4,600,000 |
|
|
|
5.000 |
|
|
02/01/2028 |
|
5,239,216 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2015 B-1 (AAA/Aa1) |
| $ |
|
|
3,825,000 |
|
|
|
5.000 |
% |
|
08/01/2030 |
|
$ 4,435,738 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2019 C-2 (AAA/Aa1) |
|
|
|
23,565,000 |
|
|
|
2.570 |
|
|
11/01/2023 |
|
24,890,531 |
|
|
|
25,580,000 |
|
|
|
2.640 |
|
|
11/01/2024 |
|
27,498,500 |
|
|
|
17,885,000 |
|
|
|
2.740 |
|
|
11/01/2025 |
|
19,568,336 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2019 C-4 (AAA/Aa1)(a)(b) |
|
|
|
15,000,000 |
|
|
|
0.080 |
|
|
01/02/2021 |
|
15,000,000 |
| New York City Transitional Finance Authority Future Tax Secured Subordinate Secured
RB Series 2020 Subseries A-4 (AAA/Aa1) |
|
|
|
7,800,000 |
|
|
|
1.940 |
|
|
05/01/2024 |
|
8,127,756 |
|
|
|
33,155,000 |
|
|
|
2.010 |
|
|
05/01/2025 |
|
34,929,124 |
| New York City Water & Sewer System RB Series 2013 DD
(AA+/Aa1) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
06/15/2035 |
|
11,084,700 |
| New York Housing Development Corp. Multi-Family Mortgage RB for Sustainable
Neighborhood Bonds Series 2017 Class G-2
(AA+/Aa2)(a)(b) |
|
|
|
5,180,000 |
|
|
|
2.000 |
|
|
12/31/2021 |
|
5,182,435 |
| New York State Dormitory Authority RB for New York State University Series 2013 A
(A+/Aa3) |
|
|
|
2,450,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
2,709,553 |
| New York State Dormitory Authority RB for Northwell Health Obligated Group Series
2019 B-1 (A-/A3)(a)(b) |
|
|
|
10,380,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
10,776,724 |
| New York State Dormitory Authority RB for Northwell Health Obligated Group Series
2019 B-2 (A-/A3)(a)(b) |
|
|
|
10,230,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
11,513,354 |
| New York State Dormitory Authority RB for State of New York Personal Income Tax
Revenue Series 2010 D (AA+/Aa2) |
|
|
|
7,770,000 |
|
|
|
5.000 |
|
|
03/15/2024 |
|
8,871,164 |
| New York State Dormitory Authority RB Refunding for Bidding Group 1 Series 2018 C
(AA+/Aa2) |
|
|
|
62,425,000 |
|
|
|
5.000 |
|
|
03/15/2023 |
|
69,038,929 |
| New York State Dormitory Authority RB Refunding for Brooklyn St. Joseph’s
College Series 2020 A (BBB-/NR) |
|
|
|
925,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
1,035,990 |
|
|
|
970,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
1,114,113 |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
07/01/2026 |
|
1,200,962 |
| New York State Dormitory Authority RB Refunding for Northwell Health Obligated
Group Series 2019 A (A-/A3) |
|
|
|
1,170,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
1,235,286 |
|
|
|
1,215,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
1,343,899 |
| New York State Dormitory Authority RB Refunding for State of New York Personal
Income Tax Revenue Series 2015 E (AA+/Aa2) |
|
|
|
32,965,000 |
|
|
|
3.250 |
|
|
03/15/2035 |
|
35,063,222 |
| New York State Dormitory Authority Sales Tax RB Refunding
Series 2014 A
(AA+/Aa2) |
|
|
|
5,580,000 |
|
|
|
5.000 |
|
|
03/15/2029 |
|
6,359,024 |
| New York State Dormitory Authority Sales Tax RB Refunding
Series 2015 A
(AA+/Aa2) |
|
|
|
1,070,000 |
|
|
|
5.000 |
|
|
03/15/2021 |
|
1,080,208 |
| New York State Dormitory Authority Sales Tax RB Refunding
Series 2018 E Group 1
(AA+/Aa2) |
|
|
|
31,875,000 |
|
|
|
5.000 |
|
|
03/15/2023 |
|
35,252,156 |
| New York State Dormitory Authority School District Financing RB Series 2020 A (AGM)
(AA/A1) |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
596,304 |
|
|
|
675,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
760,388 |
|
|
|
815,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
953,403 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York State Dormitory Authority State Personal Income Tax RB Federally Taxable
Build America Bonds Series 2010 D (AA+/Aa2) |
| $ |
|
|
730,000 |
|
|
|
4.900 |
% |
|
03/15/2023 |
|
$ 800,963 |
| New York State Dormitory Authority State Personal Income Tax RB for General Purpose
Series 2019 A (AA+/Aa2) |
|
|
|
34,055,000 |
|
|
|
5.000 |
|
|
03/15/2025 |
|
40,748,170 |
| New York State Dormitory Authority State Personal Income Tax RB Refunding for
General Purpose Series 2012 A (AA+/Aa2) |
|
|
|
5,125,000 |
|
|
|
5.000 |
|
|
12/15/2029 |
|
5,581,535 |
| New York State Dormitory Authority State Personal Income Tax RB Refunding for
General Purpose Series 2017 A (AA+/Aa2) |
|
|
|
2,150,000 |
|
|
|
5.000 |
|
|
02/15/2026 |
|
2,656,325 |
| New York State Dormitory Authority State Personal Income Tax Subordinate RB for
General Purpose Series 2020 B (SP-1+/MIG1) |
|
|
|
11,155,000 |
|
|
|
5.000 |
|
|
03/31/2021 |
|
11,286,183 |
| New York State Energy Research & Development Authority RB Refunding for Central
Hudson Gas & Electric Corp. Projects
Series 1999 B (AMT) (AMBAC) (A-/A3)(b) |
|
|
|
27,750,000 |
|
|
|
0.158 |
|
|
01/15/2021 |
|
27,750,000 |
| New York State Energy Research & Development Authority RB Refunding for New
York State Electric & Gas Corp. Projects
Series 2004 C (A-/A3)(a)(b) |
|
|
|
17,000,000 |
|
|
|
2.625 |
|
|
07/03/2023 |
|
17,933,300 |
| New York State Urban Development Corp. General Purpose Personal Income Tax RB
Refunding Series 2014 A (AA+/Aa2) |
|
|
|
1,120,000 |
|
|
|
5.000 |
|
|
03/15/2027 |
|
1,278,659 |
| New York State Urban Development Corp. General Purpose Personal Income Tax RB
Refunding Series 2017 A (AA+/Aa2) |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
03/15/2022 |
|
999,791 |
| New York State Urban Development Corp. RB for State of New York Personal Income Tax
Revenue Series 2013 C (AA+/Aa2) |
|
|
|
10,000,000 |
|
|
|
5.000 |
|
|
03/15/2029 |
|
10,989,600 |
| New York State Urban Development Corp. Taxable Refunding RB
Series 2017 B
(AA+/Aa2) |
|
|
|
10,175,000 |
|
|
|
2.670 |
|
|
03/15/2023 |
|
10,630,433 |
|
|
|
28,250,000 |
|
|
|
2.860 |
|
|
03/15/2024 |
|
30,164,503 |
| New York State Urban Development Corp. Taxable Refunding RB
Series 2017 D-1
(AA+/Aa2) |
|
|
|
20,015,000 |
|
|
|
2.980 |
|
|
03/15/2025 |
|
21,814,549 |
| New York Transportation Development Corp. RB for Delta Air Lines, Inc. Series 2018
(AMT) (BB+/Baa3) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
5,181,200 |
|
|
|
5,300,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
5,672,961 |
|
|
|
13,975,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
15,420,993 |
|
|
|
8,000,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
9,063,600 |
|
|
|
3,425,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
3,972,315 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
01/01/2028 |
|
3,638,760 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 A (AMT) (BBB/Baa1) |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
270,137 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
1,671,930 |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
1,440,563 |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
1,299,903 |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 B (BBB/Baa1) |
|
|
|
1,500,000 |
|
|
|
1.360 |
|
|
12/01/2021 |
|
1,500,960 |
|
|
|
1,200,000 |
|
|
|
1.610 |
|
|
12/01/2022 |
|
1,202,532 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| New York Transportation Development Corp. RB Refunding for JFK International Air
Terminal LLC Series 2020 C (BBB/Baa1) |
| $ |
|
|
1,100,000 |
|
|
|
5.000 |
% |
|
12/01/2021 |
|
$ 1,146,200 |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
923,040 |
|
|
|
900,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
1,013,103 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
1,161,210 |
|
|
|
830,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
990,896 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
1,224,310 |
| New York Transportation Development Corp. Special Facility RB Refunding for
Terminal One Group Association L.P. Project Series 2015 (AMT) (BBB/Baa3) |
|
|
|
2,310,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
2,310,000 |
| Niagara Falls Bridge Commission RB Series 1992 (NATL-RE)
(A+/Baa2) |
|
|
|
7,230,000 |
|
|
|
6.250 |
|
|
10/01/2021 |
|
7,544,433 |
| Oyster Bay GO Refunding Bonds Series 2020 (BAM) (AA/Baa1) |
|
|
|
500,000 |
|
|
|
4.000 |
|
|
11/01/2023 |
|
548,440 |
|
|
|
475,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
536,157 |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
11/01/2025 |
|
870,060 |
|
|
|
800,000 |
|
|
|
4.000 |
|
|
11/01/2026 |
|
948,808 |
|
|
|
675,000 |
|
|
|
4.000 |
|
|
11/01/2027 |
|
815,042 |
| Oyster Bay GO Refunding Bonds Series 2020 (BBB+/Baa1) |
|
|
|
840,000 |
|
|
|
2.000 |
|
|
11/01/2021 |
|
850,954 |
|
|
|
820,000 |
|
|
|
4.000 |
|
|
11/01/2022 |
|
872,570 |
| Oyster Bay Public Improvement GO Refunding Bonds Series 2018
(NR/Baa1) |
|
|
|
9,385,000 |
|
|
|
4.000 |
|
|
02/15/2021 |
|
9,414,938 |
| Port Authority of New York & New Jersey Consolidated RB Series 169
(A+/Aa3) |
|
|
|
1,250,000 |
|
|
|
5.000 |
|
|
10/15/2024 |
|
1,293,100 |
| Port Authority of New York & New Jersey Consolidated RB Series 177
(A+/Aa3) |
|
|
|
2,715,000 |
|
|
|
4.000 |
|
|
07/15/2031 |
|
2,873,067 |
| Port Authority of New York & New Jersey Consolidated RB Series 186 (AMT)
(A+/Aa3) |
|
|
|
5,295,000 |
|
|
|
5.000 |
|
|
10/15/2021 |
|
5,489,432 |
|
|
|
8,345,000 |
|
|
|
5.000 |
|
|
10/15/2033 |
|
9,539,921 |
| Port Authority of New York & New Jersey Consolidated RB Series 193 (AMT)
(A+/Aa3) |
|
|
|
2,280,000 |
|
|
|
5.000 |
|
|
10/15/2021 |
|
2,363,722 |
| Port Authority of New York & New Jersey Consolidated RB Series 2018 (AMT)
(A+/Aa3) |
|
|
|
2,505,000 |
|
|
|
5.000 |
|
|
09/15/2025 |
|
3,016,671 |
| Port Authority of New York & New Jersey Consolidated RB Series 202 (AMT)
(A+/Aa3) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
10/15/2021 |
|
2,073,440 |
| Port Authority of New York & New Jersey Consolidated RB Series AAA
(A+/Aa3) |
|
|
|
50,320,000 |
|
|
|
1.086 |
|
|
07/01/2023 |
|
51,069,768 |
| Rocky Point Union Free School District GO Bonds Series 2020 (ST AID WITHHDLG)
(NR/NR) |
|
|
|
3,200,000 |
|
|
|
1.500 |
|
|
06/25/2021 |
|
3,217,152 |
| Sales Tax Asset Receivable Corp. RB Refunding for Fiscal 2015
Series A
(AA+/Aa2) |
|
|
|
1,365,000 |
|
|
|
5.000 |
|
|
10/15/2029 |
|
1,596,368 |
|
|
|
2,500,000 |
|
|
|
4.000 |
|
|
10/15/2032 |
|
2,822,400 |
| Southwestern Central School District GO Bonds Series 2020 B (ST AID WITHHLDG)
(NR/NR) |
|
|
|
5,650,000 |
|
|
|
1.500 |
|
|
06/24/2021 |
|
5,679,267 |
| Suffolk County New York GO Bonds for Public Improvement
Series 2016 B (BAM)
(AA/NR) |
|
|
|
5,200,000 |
|
|
|
2.000 |
|
|
10/15/2021 |
|
5,264,948 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| New York – (continued) |
| Suffolk County New York GO Bonds for Public Improvement
Series 2018 A (AGM)
(AA/NR) |
| $ |
|
|
4,955,000 |
|
|
|
5.000 |
% |
|
06/01/2021 |
|
$ 5,047,460 |
|
|
|
5,005,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
5,322,968 |
| Suffolk County New York GO Bonds Series 2019 A (BAM) (AA/NR) |
|
|
|
3,160,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
3,472,208 |
| Suffolk County New York GO Refunding Serial Bonds Series 2017 A (AGM)
(AA/NR) |
|
|
|
7,035,000 |
|
|
|
4.000 |
|
|
02/01/2023 |
|
7,534,485 |
| Suffolk County New York GO Refunding Serial Bonds Series 2017 B (AGM)
(AA/NR) |
|
|
|
6,360,000 |
|
|
|
4.000 |
|
|
10/15/2023 |
|
6,961,147 |
| Triborough Bridge & Tunnel Authority RB Refunding Series 2012 B
(AA-/Aa3) |
|
|
|
7,125,000 |
|
|
|
5.000 |
|
|
11/15/2028 |
|
7,728,773 |
| Triborough Bridge & Tunnel Authority RB Refunding Series 2018 B
(AA-/Aa3) |
|
|
|
7,610,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
9,315,934 |
| Triborough Bridge & Tunnel Authority RB Series 2012 A (AA-/Aa3) |
|
|
|
5,000,000 |
|
|
|
4.000 |
|
|
11/15/2036 |
|
5,270,950 |
| Triborough Bridge & Tunnel Authority RB Series 2014 A (AA-/Aa3) |
|
|
|
20,135,000 |
|
|
|
5.000 |
|
|
11/15/2039 |
|
22,844,768 |
| TSASC Inc., Tobacco Settlement RB Senior Series 2017 A (A/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
1,018,000 |
| Utility Debt Securitization Authority Restructuring RB Series 2013
(AAA/Aaa) |
|
|
|
9,740,000 |
|
|
|
5.000 |
|
|
12/15/2030 |
|
11,065,809 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
12/15/2041 |
|
2,806,550 |
| Utility Debt Securitization Authority Restructuring RB Series 2016 B
(AAA/WR) |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
12/15/2023 |
|
1,071,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,652,928,438 |
| |
| North Carolina – 1.5% |
| Columbus County Industrial Facilities and Pollution Control Financing Authority RB
Refunding for International Paper Co. Series 2019 A (BBB/Baa2)(a)(b) |
|
|
|
425,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
449,072 |
| Columbus County Industrial Facilities and Pollution Control Financing Authority RB
Refunding for International Paper Co. Series 2019 B (BBB/Baa2)(a)(b) |
|
|
|
450,000 |
|
|
|
2.000 |
|
|
10/01/2024 |
|
475,488 |
| Columbus County Industrial Facilities and Pollution Control Financing Authority RB
Refunding for International Paper Co. Series 2020 A (BBB/NR)(a)(b) |
|
|
|
4,550,000 |
|
|
|
1.375 |
|
|
06/16/2025 |
|
4,722,854 |
| North Carolina Capital Facilities Finance Agency RB for Duke University Project
Series 2014 A (AA+/Aa1)(d) |
|
|
|
71,475,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
75,717,756 |
| North Carolina Capital Facilities Finance Agency RB Refunding for Duke University
Project Series 2014 B (AA+/Aa1)(d) |
|
|
|
35,000,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
37,077,600 |
| North Carolina Turnpike Authority RB Series 2020 (BBB/NR) |
|
|
|
48,750,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
55,252,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
173,695,045 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| North Dakota – 0.1% |
| City of Williston RB Refunding for Airport Series 2018 (A+/NR) |
| $ |
|
|
805,000 |
|
|
|
5.000 |
% |
|
11/01/2021 |
|
$ 835,839 |
|
|
|
1,815,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
1,970,237 |
|
|
|
1,655,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
1,867,105 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
2,197,200 |
|
|
|
4,155,000 |
|
|
|
4.500 |
|
|
11/01/2026 |
|
4,595,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,465,728 |
| |
| Ohio – 1.8% |
| Akron Bath Copley Joint Township Hospital District RB Refunding for Summa Health
System Obligated Group Series 2020 (A-/Baa2) |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
149,482 |
|
|
|
175,000 |
|
|
|
5.000 |
|
|
11/15/2026 |
|
214,466 |
| American Municipal Power, Inc. RB for Hydroelectric Projects
Series 2010 C
(A/A2) |
|
|
|
2,720,000 |
|
|
|
6.973 |
|
|
02/15/2024 |
|
3,150,494 |
| American Municipal Power, Inc. RB Refunding for Combined Hydroelectric Project
Series 2020 A (A/A2) |
|
|
|
925,000 |
|
|
|
5.000 |
|
|
02/15/2025 |
|
1,097,392 |
| American Municipal Power, Inc. RB Refunding for Prairie State Energy Campus Project
Series 2019 B (A/A1) |
|
|
|
3,180,000 |
|
|
|
5.000 |
|
|
02/15/2023 |
|
3,493,548 |
|
|
|
1,435,000 |
|
|
|
5.000 |
|
|
02/15/2024 |
|
1,639,774 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 A-1 Class 1 (A/NR) |
|
|
|
7,045,000 |
|
|
|
1.580 |
|
|
06/01/2021 |
|
7,073,603 |
|
|
|
6,000,000 |
|
|
|
1.630 |
|
|
06/01/2022 |
|
6,079,500 |
|
|
|
6,345,000 |
|
|
|
1.650 |
|
|
06/01/2023 |
|
6,471,710 |
|
|
|
5,935,000 |
|
|
|
1.709 |
|
|
06/01/2024 |
|
6,090,556 |
|
|
|
7,500,000 |
|
|
|
1.809 |
|
|
06/01/2025 |
|
7,744,800 |
| Buckeye Tobacco Settlement Financing Authority RB Refunding for Senior Asset-Backed
Bonds Series 2020 B-1 Class 2 (BBB+/NR) |
|
|
|
2,955,000 |
|
|
|
1.850 |
|
|
06/01/2029 |
|
2,989,662 |
| City of Columbus Various Purpose Unlimited Tax Bonds Series 2018 A
(AAA/Aaa) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
5,536,700 |
| Cleveland GO Bonds Series 2020 A (AA+/A1) |
|
|
|
125,000 |
|
|
|
2.000 |
|
|
12/01/2022 |
|
129,156 |
|
|
|
260,000 |
|
|
|
3.000 |
|
|
12/01/2023 |
|
280,465 |
|
|
|
200,000 |
|
|
|
3.000 |
|
|
12/01/2024 |
|
220,630 |
|
|
|
380,000 |
|
|
|
3.000 |
|
|
12/01/2025 |
|
427,823 |
|
|
|
600,000 |
|
|
|
3.000 |
|
|
12/01/2026 |
|
684,918 |
| County of Allen Hospital Facilities RB for Bon Secours Mercy Health, Inc. Series
2017 B (A+/A1)(a)(b) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
05/05/2022 |
|
5,301,350 |
| County of Montgomery Ohio Hospital Facilities RB Refunding for Miami Valley
Hospital Series 2019 A (A/Baa1) |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
2,215,395 |
| Cuyahoga County Ohio Hospital RB Refunding for Metrohealth System Series 2017
(BBB-/Baa3) |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
02/15/2023 |
|
1,888,565 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
02/15/2024 |
|
3,345,960 |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
02/15/2025 |
|
1,726,515 |
| Hamilton County Sewer System RB Refunding Series 2019 A
(AA+/Aa2) |
|
|
|
3,000,000 |
|
|
|
4.000 |
|
|
12/01/2021 |
|
3,105,030 |
|
|
|
6,450,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
7,634,672 |
| Hillsdale Local School District COPS Series 2020 (BAM) (AA/A2) |
|
|
|
675,000 |
|
|
|
4.000 |
|
|
12/01/2023 |
|
741,035 |
|
|
|
1,245,000 |
|
|
|
4.000 |
|
|
12/01/2024 |
|
1,406,140 |
|
|
|
1,120,000 |
|
|
|
4.000 |
|
|
12/01/2025 |
|
1,298,719 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Ohio – (continued) |
| Kent State University Taxable Refunding RB Series 2020 B
(A+/Aa3) |
| $ |
|
|
875,000 |
|
|
|
1.875 |
% |
|
05/01/2023 |
|
$ 906,307 |
|
|
|
875,000 |
|
|
|
1.960 |
|
|
05/01/2024 |
|
919,433 |
|
|
|
1,325,000 |
|
|
|
2.060 |
|
|
05/01/2025 |
|
1,413,881 |
| Miami Oxford University RB Refunding Series 2020 A
(AA/Aa3) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
309,468 |
|
|
|
340,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
366,958 |
|
|
|
575,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
646,547 |
|
|
|
395,000 |
|
|
|
5.000 |
|
|
09/01/2024 |
|
461,708 |
| Ohio Air Quality Development Authority RB for Ohio Valley Electric Corp. Series
2009 A (BBB-/Ba1) |
|
|
|
1,075,000 |
|
|
|
2.875 |
|
|
02/01/2026 |
|
1,125,052 |
| Ohio Air Quality Development Authority RB for Ohio Valley Electric Corp. Series
2009 D (BBB-/Ba1) |
|
|
|
2,695,000 |
|
|
|
2.875 |
|
|
02/01/2026 |
|
2,820,479 |
| Ohio Air Quality Development Authority RB Refunding for American Electric Power
Co., Inc. Series 2005 A (AMT) (BBB+/NR)(a)(b) |
|
|
|
3,750,000 |
|
|
|
2.100 |
|
|
10/01/2024 |
|
3,931,875 |
| Ohio Air Quality Development Authority RB Refunding for American Electric Power
Co., Inc. Series 2014 D (BBB+/NR)(a)(b) |
|
|
|
5,000,000 |
|
|
|
1.900 |
|
|
10/01/2024 |
|
5,225,700 |
| Ohio Higher Educational Facility Commission RB for University of Dayton RMKT
08/04/06 Series 2003 B (FGIC) (A+/A2)(c) |
|
|
|
(MUNI-CPI + 1.08%), |
|
|
|
|
|
155,000 |
|
|
|
2.619 |
|
|
12/01/2021 |
|
156,838 |
|
|
|
(MUNI-CPI + 1.10%), |
|
|
|
|
|
155,000 |
|
|
|
2.639 |
|
|
12/01/2022 |
|
158,537 |
|
|
|
(MUNI-CPI + 1.12%), |
|
|
|
|
|
165,000 |
|
|
|
2.659 |
|
|
12/01/2023 |
|
170,213 |
| Ohio Higher Educational Facility Commission RB for University of Dayton Series 2006
A (AMBAC) (A+/A2)(c) |
|
|
|
(MUNI-CPI + 1.08%), |
|
|
|
|
|
680,000 |
|
|
|
2.619 |
|
|
12/01/2021 |
|
688,065 |
|
|
|
(MUNI-CPI + 1.10%), |
|
|
|
|
|
710,000 |
|
|
|
2.639 |
|
|
12/01/2022 |
|
726,202 |
|
|
|
(MUNI-CPI + 1.12%), |
|
|
|
|
|
480,000 |
|
|
|
2.659 |
|
|
12/01/2023 |
|
495,163 |
| Ohio Higher Educational Facility Commission RB Refunding for Xavier University
Series 2020 (A/A3) |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
467,589 |
|
|
|
985,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
1,124,417 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
790,251 |
| Ohio State GO Refunding Bonds for Higher Education Series 2014 B
(AA+/Aa1) |
|
|
|
7,485,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
8,412,317 |
| Ohio State Highway Capital Improvement GO Bonds Series 2012 Q (AAA/Aa1)(d) |
|
|
|
1,685,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
1,792,907 |
| Ohio State Infrastructure Improvement GO Bonds Series 2013 A
(AA+/Aa1) |
|
|
|
6,505,000 |
|
|
|
4.000 |
|
|
02/01/2030 |
|
6,846,513 |
| Ohio State RB for Department of Transportation Series 2019-1 (AA/Aa2) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/15/2022 |
|
1,092,080 |
|
|
|
1,295,000 |
|
|
|
5.000 |
|
|
12/15/2023 |
|
1,476,196 |
| Ohio State RB for University Hospitals Health System, Inc. Obligated Group Series
2018 C (A/A2)(a)(b) |
|
|
|
15,120,000 |
|
|
|
5.000 |
|
|
09/15/2021 |
|
15,565,133 |
| Ohio State RB for University Hospitals Health System, Inc. Obligated Group Series
2018 D (A/A2)(a)(b) |
|
|
|
11,775,000 |
|
|
|
5.000 |
|
|
09/15/2023 |
|
13,163,155 |
| Ohio State RB for University Hospitals Health System, Inc. Obligated Group Series
2020 B (A/A2)(a)(b) |
|
|
|
5,335,000 |
|
|
|
5.000 |
|
|
01/15/2025 |
|
6,230,426 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Ohio – (continued) |
| Ohio State RB Refunding for Administrative Building Fund Series 2020 A
(AA/Aa2) |
| $ |
|
|
6,000,000 |
|
|
|
1.562 |
% |
|
10/01/2021 |
|
$ 6,058,500 |
|
|
|
1,125,000 |
|
|
|
1.678 |
|
|
10/01/2024 |
|
1,176,908 |
| Ohio State RB Refunding for Adult Correctional Building Funds
Series 2020 A
(AA/Aa2) |
|
|
|
5,220,000 |
|
|
|
1.562 |
|
|
10/01/2021 |
|
5,267,398 |
|
|
|
4,000,000 |
|
|
|
1.592 |
|
|
10/01/2022 |
|
4,085,720 |
|
|
|
4,535,000 |
|
|
|
1.610 |
|
|
10/01/2023 |
|
4,680,029 |
|
|
|
3,625,000 |
|
|
|
1.678 |
|
|
10/01/2024 |
|
3,778,519 |
| Ohio State RB Refunding for Premier Health Partners Obligated Group Series 2020
(A/Baa1) |
|
|
|
140,000 |
|
|
|
5.000 |
|
|
11/15/2024 |
|
160,076 |
|
|
|
280,000 |
|
|
|
5.000 |
|
|
11/15/2025 |
|
328,854 |
| Ohio State Third Frontier Research & Development GO Bonds
Series 2013 A
(AA+/Aa1)(d) |
|
|
|
7,400,000 |
|
|
|
4.000 |
|
|
05/01/2021 |
|
7,493,166 |
| Ohio State Water Development Authority RB for Waste Management, Inc. Project Series
2002 (A-/NR) |
|
|
|
8,250,000 |
|
|
|
3.250 |
|
|
11/01/2022 |
|
8,665,635 |
| Ohio Water Development Authority RB for Water Pollution Control Loan Fund Series
2014 (AAA/Aaa) |
|
|
|
6,085,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
6,205,605 |
| Revere Local School District School Facilities Improvement GO Unlimited Bonds
Series 2017 A (NR/Aa1)(d) |
|
|
|
1,240,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
1,324,407 |
| University of Toledo General Receipts RB Series 2011 B (A/A2)(d) |
|
|
|
355,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
361,976 |
| Winton Woods City School District Class Room Facilities GO Unlimited Bonds Series
2017 A (SD CRED PROG) (AA/Aa2)(d) |
|
|
|
2,805,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
2,984,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
212,192,895 |
| |
| Oklahoma – 0.6% |
| City of Tulsa GO Bonds Series 2020 (AA/Aa1) |
|
|
|
5,300,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
5,849,186 |
| Cleveland County Educational Facilities Authority RB for Norman Public Schools
Project Series 2019 (A+/NR) |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
1,425,312 |
|
|
|
2,005,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
2,129,751 |
| Oklahoma County Independent School District No. 1 Combined Purpose GO Bonds for
Putnam City Board of Education District Series 2016 (A+/NR) |
|
|
|
2,900,000 |
|
|
|
2.000 |
|
|
01/01/2021 |
|
2,900,000 |
| Oklahoma County Independent School District No. 12 Edmond GO Bonds Series 2020
(AA+/NR) |
|
|
|
7,700,000 |
|
|
|
2.000 |
|
|
03/01/2023 |
|
8,006,229 |
| Oklahoma County Independent School District No. 89 Oklahoma City GO Bonds Series
2020 A (AA/NR) |
|
|
|
16,520,000 |
|
|
|
1.250 |
|
|
07/01/2024 |
|
17,014,774 |
| Oklahoma Development Finance Authority Health System RB for OU Medicine Project
Series 2018 B (BB+/Baa3) |
|
|
|
525,000 |
|
|
|
5.000 |
|
|
08/15/2022 |
|
555,083 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/15/2023 |
|
546,640 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
08/15/2024 |
|
563,610 |
| Oklahoma Development Finance Authority RB for Gilcrease Developers LLC Series 2020
A (AMT) (NR/Baa2) |
|
|
|
17,390,000 |
|
|
|
1.625 |
|
|
07/06/2023 |
|
17,404,260 |
| Oklahoma Turnpike Authority RB Refunding Second Senior
Series 2017 D
(AA-/Aa3) |
|
|
|
2,840,000 |
|
|
|
4.000 |
|
|
01/01/2023 |
|
3,053,511 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Oklahoma – (continued) |
| Tulsa County Independent School District No. 1 GO Bonds Series 2020 B
(AA/NR) |
| $ |
|
|
7,300,000 |
|
|
|
2.000 |
% |
|
08/01/2024 |
|
$ 7,706,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
67,155,258 |
| |
| Oregon – 0.5% |
| Forest Grove Oregon Student Housing RB Refunding for Oak Tree Foundation Project
Series 2017 (BBB-/NR) |
|
|
|
995,000 |
|
|
|
4.000 |
|
|
03/01/2021 |
|
995,497 |
|
|
|
385,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
397,359 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
03/01/2024 |
|
208,636 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
03/01/2025 |
|
209,998 |
| Lane County Oregon Springfield School District No. 19 GO Refunding Bonds Series
2015 (SCH BD GTY) (AA+/Aa1)(f) |
|
|
|
3,780,000 |
|
|
|
0.000 |
|
|
06/15/2021 |
|
3,773,309 |
| Oregon Health & Science University RB Refunding for Oregon Health & Science
University Obligated Group Series 2019 A (AA-/Aa3) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
613,824 |
|
|
|
850,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
909,304 |
|
|
|
950,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
1,059,906 |
| Oregon State Business Development Commission RB for Intel Corp. Project Series 2010
232 (A+/A1)(a)(b) |
|
|
|
13,050,000 |
|
|
|
2.400 |
|
|
08/14/2023 |
|
13,722,989 |
| Oregon State Facilities Authority RB Refunding for Samaritan Health Services, Inc.
Obligated Group Series 2020 A (BBB+/NR) |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
462,276 |
|
|
|
125,000 |
|
|
|
5.000 |
|
|
10/01/2026 |
|
153,825 |
| Port of Portland Airport Taxable RB Series 27 B (A+/NR) |
|
|
|
875,000 |
|
|
|
0.800 |
|
|
07/01/2022 |
|
876,137 |
|
|
|
1,100,000 |
|
|
|
1.000 |
|
|
07/01/2023 |
|
1,102,343 |
|
|
|
1,155,000 |
|
|
|
1.200 |
|
|
07/01/2024 |
|
1,158,881 |
|
|
|
1,000,000 |
|
|
|
1.300 |
|
|
07/01/2025 |
|
1,003,130 |
| Portland Community College District GO Unlimited Bonds Series 2013 (AA+/Aa1)(d) |
|
|
|
6,930,000 |
|
|
|
5.000 |
|
|
06/15/2023 |
|
7,746,146 |
| Portland Oregon Community College District GO Bonds Series 2018
(AA+/Aa1) |
|
|
|
12,520,000 |
|
|
|
4.000 |
|
|
06/15/2021 |
|
12,735,219 |
| Portland Oregon Community College District GO Refunding Bonds
Series 2016
(AA+/Aa1) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
06/15/2021 |
|
2,043,260 |
| Portland Oregon Water System RB Refunding First Lien Series 2016 A
(NR/Aa1) |
|
|
|
2,130,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
2,258,077 |
| Portland Oregon Water System RB Refunding Second Lien Series 2020 A
(NR/Aa2) |
|
|
|
2,135,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
2,471,583 |
| State of Oregon Department of Transportation RB Senior Lien
Series 2020 B
(AAA/Aa1) |
|
|
|
1,125,000 |
|
|
|
0.414 |
|
|
11/15/2023 |
|
1,128,633 |
|
|
|
1,520,000 |
|
|
|
0.566 |
|
|
11/15/2024 |
|
1,530,017 |
|
|
|
4,145,000 |
|
|
|
0.686 |
|
|
11/15/2025 |
|
4,177,124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,737,473 |
| |
| Pennsylvania – 4.0% |
| Abington School District GO Bonds Series 2017 (ST AID WITHHLDG)
(AA/NR) |
|
|
|
1,375,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
1,422,864 |
|
|
|
1,950,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
2,108,827 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Allegheny County Hospital Development Authority RB Refunding for Allegheny Health
Network Obligated Group Series 2018 A (A/NR) |
| $ |
|
|
3,170,000 |
|
|
|
5.000 |
% |
|
04/01/2022 |
|
$ 3,340,261 |
|
|
|
2,250,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
2,471,782 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
4,561,920 |
| Allegheny County Hospital Development Authority RB Refunding for UPMC Obligated
Group Series 2019 A (A/A2) |
|
|
|
1,845,000 |
|
|
|
5.000 |
|
|
07/15/2021 |
|
1,889,796 |
|
|
|
1,935,000 |
|
|
|
5.000 |
|
|
07/15/2022 |
|
2,069,502 |
|
|
|
1,510,000 |
|
|
|
5.000 |
|
|
07/15/2023 |
|
1,688,603 |
|
|
|
5,900,000 |
|
|
|
5.000 |
|
|
07/15/2025 |
|
7,119,648 |
| Allentown City School District GO Bonds Series 2020 (ST AID WITHHLDG)
(NR/NR) |
|
|
|
3,200,000 |
|
|
|
2.375 |
|
|
03/31/2021 |
|
3,200,224 |
| Bethlehem Area School District Authority School RB Refunding for Bethlehem Area
School District Refunding Project Series 2018 (ST AID WITHHLDG) (NR/A1)(a) |
|
|
|
(1 Mo. LIBOR + 0.48%), |
|
|
|
|
|
5,985,000 |
|
|
|
0.583 |
|
|
11/01/2021 |
|
5,972,192 |
| Bucks County Industrial Development Authority RB Refunding for Pennswood Village
Obligated Group Series 2018 A (BBB+/NR) |
|
|
|
545,000 |
|
|
|
5.000 |
|
|
10/01/2022 |
|
572,980 |
|
|
|
760,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
819,607 |
| Butler County Hospital Authority RB for Health System Project
Series 2015 A
(A/Baa2) |
|
|
|
1,000,000 |
|
|
|
4.000 |
|
|
07/01/2021 |
|
1,012,620 |
| City of Philadelphia Airport RB Refunding Series 2011 A (AMT) (A-/A2) |
|
|
|
3,600,000 |
|
|
|
5.000 |
|
|
06/15/2023 |
|
3,671,640 |
|
|
|
2,610,000 |
|
|
|
5.000 |
|
|
06/15/2027 |
|
2,659,120 |
| City of Philadelphia GO Bonds Series 2016 F (ST AID WITHHLDG)
(A+/A2) |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
4,117,080 |
| City of Philadelphia GO Bonds Series 2019 A (ST AID WITHHLDG)
(A+/A2) |
|
|
|
645,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
691,679 |
|
|
|
845,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
942,259 |
| City of Philadelphia GO Bonds Series 2020 (ST AID WITHHLDG)
(A+/A2) |
|
|
|
8,880,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
9,139,918 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
5,361,850 |
|
|
|
8,000,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
8,920,800 |
| City of Philadelphia RB Series 2020 (SP-1+/MIG1) |
|
|
|
6,465,000 |
|
|
|
4.000 |
|
|
06/30/2021 |
|
6,585,960 |
| City of Philadelphia Water & Wastewater RB Series 2020 A
(A+/A1) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
733,782 |
|
|
|
605,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
759,414 |
| Coatesville School District GO Refunding Bonds Series 2017 (AGM) (ST AID WITHHLDG)
(AA/A2) |
|
|
|
1,025,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
1,095,469 |
| Coatesville School District GO Refunding Bonds Series 2017 (ETM) (AGM) (ST AID
WITHHLDG) (AA/A2)(d) |
|
|
|
1,270,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
1,305,065 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
08/01/2022 |
|
107,449 |
| Commonwealth Financing Authority Taxable RB Series 2005 A
(NATL-RE)
(A/A1) |
|
|
|
645,000 |
|
|
|
5.380 |
|
|
06/01/2021 |
|
656,836 |
| Commonwealth Financing Authority Taxable RB Series 2006 C (AGM)
(AA/A1) |
|
|
|
2,770,000 |
|
|
|
5.114 |
|
|
06/01/2021 |
|
2,819,001 |
| Commonwealth Financing Authority Tobacco Master Settlement Payment RB Series 2018
(A/A1) |
|
|
|
2,270,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
2,511,233 |
|
|
|
1,720,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
1,976,985 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Commonwealth of Pennsylvania GO Bonds Series 2015 (A+/Aa3) |
| $ |
|
|
3,350,000 |
|
|
|
5.000 |
% |
|
08/15/2025 |
|
$ 4,059,999 |
| County of Beaver GO Refunding Bonds Series 2017 (BAM) (AA/NR) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
04/15/2025 |
|
1,173,720 |
| County of Lehigh Purpose Authority RB Refunding for Lehigh Valley Health Network
Obligated Group Series 2019 A (A+/A2) |
|
|
|
800,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
852,712 |
|
|
|
925,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
1,029,081 |
|
|
|
1,735,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
2,000,455 |
| County of Westmoreland GO Bonds Series 2013 A (NR/A2) |
|
|
|
945,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
1,047,107 |
|
|
|
55,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
60,999 |
| Cumberland County Municipal Authority RB Refunding for Messiah College Series 2020
SS3 (A-/NR) |
|
|
|
2,150,000 |
|
|
|
2.074 |
|
|
11/01/2025 |
|
2,251,265 |
|
|
|
2,195,000 |
|
|
|
2.345 |
|
|
11/01/2026 |
|
2,324,527 |
| Delaware County Authority RB Refunding for Neumann University
Series 2020
(BBB/NR) |
|
|
|
180,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
182,704 |
|
|
|
195,000 |
|
|
|
4.000 |
|
|
10/01/2022 |
|
201,357 |
|
|
|
235,000 |
|
|
|
5.000 |
|
|
10/01/2023 |
|
255,069 |
| Delaware River Port Authority RB Refunding Series 2018 B (A+/A1) |
|
|
|
5,520,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
5,520,000 |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
5,229,850 |
| Delaware Valley Regional Finance Authority RB Refunding Series 2020 B
(A+/A1) |
|
|
|
35,250,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
41,177,287 |
| General Authority of Southcentral Pennsylvania WellSpan Health Obligation Group RB
Refunding Series 2019 B (AA-/Aa3)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield +
0.60%), |
|
|
|
|
|
15,000,000 |
|
|
|
0.690 |
|
|
06/01/2024 |
|
15,047,550 |
| Lancaster School District GO Refunding Bonds Series 2019 B (AGM) (ST AID WITHHLDG)
(AA/NR) |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
06/01/2021 |
|
304,458 |
|
|
|
540,000 |
|
|
|
4.000 |
|
|
06/01/2022 |
|
567,610 |
| Lehigh County Industrial Development Authority PCRB Refunding for PPL Electric
Utilities Corp. Project RMKT 08/15/17 Series 2016 B (A/A1)(a)(b) |
|
|
|
9,000,000 |
|
|
|
1.800 |
|
|
08/15/2022 |
|
9,199,170 |
| Montgomery County Higher Education & Health Authority RB Refunding for Thomas
Jefferson University Obligated Group Series 2019 (A/A2) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
642,906 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
611,919 |
|
|
|
650,000 |
|
|
|
5.000 |
|
|
09/01/2024 |
|
748,742 |
| Pennsylvania Economic Development Financing Authority RB for Solid Waste Disposal
Project Series 2009 (A-/NR)(a)(b) |
|
|
|
12,265,000 |
|
|
|
2.800 |
|
|
12/01/2021 |
|
12,540,963 |
| Pennsylvania Economic Development Financing Authority RB for UPMC Obligated Group
Series 2013 A (A/A2) |
|
|
|
2,040,000 |
|
|
|
5.000 |
|
|
07/01/2038 |
|
2,253,302 |
| Pennsylvania Economic Development Financing Authority RB for Waste Management, Inc.
Series 2017 A (AMT) (A-/NR)(a)(b) |
|
|
|
7,500,000 |
|
|
|
0.700 |
|
|
08/02/2021 |
|
7,502,175 |
| Pennsylvania Economic Development Financing Authority RB Refunding City of
Philadelphia Water & Wastewater Series 2020 (BBB+/Baa2) |
|
|
|
150,000 |
|
|
|
3.000 |
|
|
01/01/2021 |
|
150,000 |
|
|
|
365,000 |
|
|
|
3.000 |
|
|
01/01/2022 |
|
371,837 |
|
|
|
370,000 |
|
|
|
3.000 |
|
|
01/01/2023 |
|
385,207 |
|
|
|
430,000 |
|
|
|
3.000 |
|
|
01/01/2024 |
|
455,258 |
|
|
|
505,000 |
|
|
|
3.000 |
|
|
01/01/2025 |
|
542,552 |
|
|
|
615,000 |
|
|
|
4.000 |
|
|
01/01/2026 |
|
700,128 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Pennsylvania Economic Development Financing Authority RB Refunding for PPL Electric
Utilities Corp. Series 2008 (A/A1) |
| $ |
|
|
25,180,000 |
|
|
|
0.400 |
% |
|
10/01/2023 |
|
$ 25,190,576 |
| Pennsylvania Higher Educational Facilities Authority RB Refunding for Drexel
University Series 2020 A (AGM) (AA/A2) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
304,407 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
423,964 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
552,185 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
05/01/2024 |
|
344,277 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
05/01/2025 |
|
416,332 |
| Pennsylvania State Commonwealth GO Bonds First Series 2011
(A+/Aa3) |
|
|
|
28,895,000 |
|
|
|
4.000 |
|
|
11/15/2027 |
|
29,794,212 |
| Pennsylvania State Commonwealth GO Bonds First Series 2013
(A+/Aa3) |
|
|
|
23,100,000 |
|
|
|
4.000 |
|
|
04/01/2032 |
|
24,752,574 |
|
|
|
5,195,000 |
|
|
|
4.000 |
|
|
04/01/2033 |
|
5,556,260 |
| Pennsylvania State Commonwealth GO Bonds First Series 2020
(A+/Aa3) |
|
|
|
12,655,000 |
|
|
|
5.000 |
|
|
05/01/2026 |
|
15,713,460 |
| Pennsylvania State Commonwealth GO Refunding Bonds First
Series 2016
(A+/Aa3) |
|
|
|
6,635,000 |
|
|
|
5.000 |
|
|
09/15/2024 |
|
7,767,263 |
| Pennsylvania State Commonwealth GO Refunding Bonds First
Series 2016 (AGM-CR)
(AA/Aa3) |
|
|
|
6,185,000 |
|
|
|
5.000 |
|
|
09/15/2025 |
|
7,535,000 |
| Pennsylvania State Commonwealth GO Refunding Bonds First
Series 2017
(A+/Aa3) |
|
|
|
33,465,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
36,574,568 |
| Pennsylvania State Commonwealth GO Refunding Bonds Second
Series 2016
(A+/Aa3) |
|
|
|
4,620,000 |
|
|
|
5.000 |
|
|
01/15/2022 |
|
4,847,581 |
| Pennsylvania State GO Bonds First Refunding Series 2015 (AGM-CR)
(AA/Aa3) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
08/15/2022 |
|
5,385,000 |
| Pennsylvania Turnpike Commission RB Refunding Series 2016 (A-/A3) |
|
|
|
3,375,000 |
|
|
|
5.000 |
|
|
06/01/2029 |
|
4,036,871 |
| Pennsylvania Turnpike Commission RB Refunding Series 2017 A-2
(A+/A1) |
|
|
|
5,240,000 |
|
|
|
5.000 |
|
|
12/01/2027 |
|
6,821,537 |
| Pennsylvania Turnpike Commission RB Refunding Series 2017 A-2
(A+/A1) |
|
|
|
1,835,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
2,171,246 |
|
|
|
3,040,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
3,729,198 |
|
|
|
3,865,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
4,893,824 |
| Pennsylvania Turnpike Commission RB Refunding Series 2020 (A-/A3) |
|
|
|
895,000 |
|
|
|
2.013 |
|
|
12/01/2024 |
|
912,095 |
| Pennsylvania Turnpike Commission RB Refunding Subordinate
Series 2016 A
(AA/Aa3) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
1,091,250 |
| Pennsylvania Turnpike Commission RB Series 2018 B (A+/A1)(c) |
|
|
|
(SIFMA Municipal Swap
Index Yield +
0.70%), |
|
|
|
|
|
11,750,000 |
|
|
|
0.790 |
|
|
12/01/2023 |
|
11,808,750 |
| Pennsylvania Turnpike Commission RB Series 2020 B (A+/A1) |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
540,004 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
532,458 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
429,348 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
443,167 |
| Philadelphia Authority for Industrial Development RB Refunding for St.
Joseph’s University Series 2020 (A-/NR) |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
11/01/2021 |
|
256,645 |
|
|
|
250,000 |
|
|
|
4.000 |
|
|
11/01/2022 |
|
264,582 |
|
|
|
535,000 |
|
|
|
4.000 |
|
|
11/01/2024 |
|
598,708 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Pennsylvania – (continued) |
| Philadelphia Hospitals and Higher Education Facilities Authority RB Refunding for
Temple University Health System Obligation Group Series 2017 (BBB-/Ba1) |
| $ |
|
|
4,000,000 |
|
|
|
5.000 |
% |
|
07/01/2022 |
|
$ 4,210,240 |
|
|
|
1,750,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
1,902,723 |
| Pittsburgh & Allegheny County Sports & Exhibition Authority RB for Parking
System Series 2017 (A/NR) |
|
|
|
640,000 |
|
|
|
4.000 |
|
|
12/15/2021 |
|
661,389 |
|
|
|
280,000 |
|
|
|
5.000 |
|
|
12/15/2022 |
|
304,178 |
| Pittsburgh & Allegheny County Sports & Exhibition Authority RB Refunding
for Allegheny Regional Asset District Series 2020 (AGM) (AA/A1) |
|
|
|
1,785,000 |
|
|
|
4.000 |
|
|
02/01/2023 |
|
1,919,821 |
|
|
|
1,300,000 |
|
|
|
4.000 |
|
|
02/01/2025 |
|
1,485,367 |
|
|
|
1,930,000 |
|
|
|
5.000 |
|
|
02/01/2026 |
|
2,358,228 |
| Pittsburgh Water & Sewer Authority First Lien RB Refunding
Series 2017 C
(AGM) (AA/A2)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield +
0.65%), |
|
|
|
|
|
11,605,000 |
|
|
|
0.740 |
|
|
12/01/2023 |
|
11,633,084 |
| Pittsburgh Water & Sewer Authority First Lien RB Series 2019 A
(A/A3) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
515,240 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
269,130 |
|
|
|
270,000 |
|
|
|
5.000 |
|
|
09/01/2023 |
|
303,137 |
| Pittsburgh Water & Sewer Authority First Lien RB Series 2019 A (AGM)
(AA/A2) |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
09/01/2024 |
|
320,023 |
| Scranton School District GO Refunding Bonds Series 2017 A (ST AID WITHHLDG)
(A+/A2) |
|
|
|
680,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
691,560 |
| Southeastern Pennsylvania Transportation Authority RB Series 2020
(AA-/A3) |
|
|
|
600,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
611,172 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
744,877 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
1,107,800 |
|
|
|
1,100,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
1,266,760 |
|
|
|
1,310,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
1,564,179 |
| The Berks County Municipal Authority RB Refunding for Tower Health Obligated Group
Series 2020 A (BB+/NR) |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
450,931 |
|
|
|
545,000 |
|
|
|
5.000 |
|
|
02/01/2022 |
|
560,898 |
|
|
|
1,400,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
1,467,648 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
02/01/2024 |
|
481,532 |
| Westmoreland County Industrial Development Authority RB Refunding for Excela Health
Obligated Group Series 2020 A (NR/Baa1) |
|
|
|
235,000 |
|
|
|
4.000 |
|
|
07/01/2021 |
|
238,349 |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
07/01/2022 |
|
312,342 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
07/01/2023 |
|
372,991 |
|
|
|
450,000 |
|
|
|
4.000 |
|
|
07/01/2024 |
|
490,104 |
|
|
|
575,000 |
|
|
|
4.000 |
|
|
07/01/2025 |
|
638,791 |
|
|
|
625,000 |
|
|
|
4.000 |
|
|
07/01/2026 |
|
706,200 |
| Westmoreland County Municipal Authority RB Series 2013 (A+/A1)(d) |
|
|
|
1,990,000 |
|
|
|
5.000 |
|
|
08/15/2023 |
|
2,236,959 |
| York Suburban School District GO Refunding Bonds Series 2019 A (BAM) (ST AID
WITHHLDG) (AA/NR) |
|
|
|
1,075,000 |
|
|
|
4.000 |
|
|
02/15/2022 |
|
1,119,827 |
|
|
|
2,745,000 |
|
|
|
4.000 |
|
|
02/15/2023 |
|
2,948,295 |
|
|
|
2,070,000 |
|
|
|
4.000 |
|
|
02/15/2024 |
|
2,290,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
461,567,951 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Puerto Rico – 1.2% |
| Puerto Rico Commonwealth Public Improvement GO Refunding Bonds Series 2002 A (FGIC)
(NR/WR)* |
| $ |
|
|
571,650 |
|
|
|
5.500 |
% |
|
07/01/2017 |
|
$ 495,192 |
| Puerto Rico Electric Power Authority RB Refunding Series 2007 UU (AGM) (AA/A2)(c) |
|
|
|
(3 Mo. LIBOR + 0.52%), |
|
|
|
|
|
54,710,000 |
|
|
|
0.671 |
|
|
07/01/2029 |
|
49,557,959 |
| Puerto Rico Highway & Transportation Authority RB Refunding
Series 2007 CC
(AGM) (AA/A2) |
|
|
|
25,000 |
|
|
|
5.250 |
|
|
07/01/2032 |
|
29,750 |
| Puerto Rico Public Buildings Authority RB Refunding for Government Facilities
Series 2002 C (COMWLTH GTD) (CC/WR)* |
|
|
|
654,385 |
|
|
|
5.500 |
|
|
07/01/2016 |
|
511,238 |
| Puerto Rico Public Buildings Authority RB Refunding for Government Facilities
Series 2007 M-2 (AMBAC) (NR/Ca)(b) |
|
|
|
1,000,000 |
|
|
|
10.000 |
|
|
07/01/2035 |
|
1,054,470 |
| Puerto Rico Public Buildings Authority RB Refunding for Government Facilities
Series 2007 M-2 (COMWLTH GTD) (NR/Ca)*(a) |
|
|
|
10,835,000 |
|
|
|
10.000 |
|
|
07/01/2034 |
|
9,832,763 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2018 A-1 (NR/NR)(f) |
|
|
|
24,085,000 |
|
|
|
0.000 |
|
|
07/01/2024 |
|
22,718,176 |
|
|
|
30,874,000 |
|
|
|
0.000 |
|
|
07/01/2027 |
|
27,488,666 |
|
|
|
15,126,000 |
|
|
|
0.000 |
|
|
07/01/2029 |
|
12,845,907 |
|
|
|
484,000 |
|
|
|
0.000 |
|
|
07/01/2031 |
|
376,542 |
|
|
|
732,000 |
|
|
|
0.000 |
|
|
07/01/2033 |
|
524,134 |
|
|
|
4,705,000 |
|
|
|
0.000 |
|
|
07/01/2046 |
|
1,455,680 |
|
|
|
3,833,000 |
|
|
|
0.000 |
|
|
07/01/2051 |
|
853,494 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Capital Appreciation
Restructured RB Series 2019 A-2 (NR/NR) |
|
|
|
1,862,000 |
|
|
|
4.329 |
|
|
07/01/2040 |
|
2,017,738 |
|
|
|
56,000 |
|
|
|
4.536 |
|
|
07/01/2053 |
|
60,749 |
|
|
|
747,000 |
|
|
|
4.784 |
|
|
07/01/2058 |
|
821,281 |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Restructured RB Series 2018
A-1 (NR/NR) |
|
|
|
362,000 |
|
|
|
4.500 |
|
|
07/01/2034 |
|
395,771 |
|
|
|
183,000 |
|
|
|
4.550 |
|
|
07/01/2040 |
|
200,865 |
|
|
|
1,345,000 |
|
|
|
4.750 |
|
|
07/01/2053 |
|
1,478,101 |
|
|
|
3,400,000 |
|
|
|
5.000 |
|
|
07/01/2058 |
|
3,788,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
136,507,436 |
| |
| Rhode Island – 0.2% |
| City of Providence GO Refunding Bonds Series 2021 A (BBB+/NR)(h) |
|
|
|
160,000 |
|
|
|
5.000 |
|
|
01/15/2021 |
|
160,059 |
|
|
|
320,000 |
|
|
|
5.000 |
|
|
01/15/2022 |
|
334,099 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
01/15/2023 |
|
461,559 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
01/15/2024 |
|
450,596 |
|
|
|
440,000 |
|
|
|
5.000 |
|
|
01/15/2025 |
|
512,930 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
01/15/2026 |
|
540,580 |
| Narragansett Bay Commission Wastewater System RB Refunding
Series 2020 A
(AA-/NR) |
|
|
|
790,000 |
|
|
|
1.440 |
|
|
09/01/2023 |
|
808,083 |
|
|
|
800,000 |
|
|
|
1.497 |
|
|
09/01/2024 |
|
822,224 |
| Providence Public Building Authority RB for Capital Improvement Program Project
Series 2017 A (BBB/Baa2) |
|
|
|
1,210,000 |
|
|
|
5.000 |
|
|
09/15/2021 |
|
1,246,143 |
| Rhode Island Health and Educational Building Corp. Higher Education Facility RB
Refunding for Brown University Issue Series 2012 (AA+/Aa1) |
|
|
|
4,820,000 |
|
|
|
5.000 |
|
|
09/01/2021 |
|
4,973,421 |
|
|
|
4,970,000 |
|
|
|
5.000 |
|
|
09/01/2022 |
|
5,367,550 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Rhode Island – (continued) |
| Rhode Island Health and Educational Building Corp. RB for Woonsocket Public School
Financing Program Series 2017 A (MUN GOVT GTD) (NR/Aa3) |
| $ |
|
|
820,000 |
|
|
|
5.000 |
% |
|
05/15/2021 |
|
$ 833,350 |
|
|
|
1,415,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
1,501,258 |
| Tobacco Settlement Financing Corp. RB Asset-Backed Bonds
Series 2015 B
(BBB+/NR) |
|
|
|
2,995,000 |
|
|
|
2.250 |
|
|
06/01/2041 |
|
3,140,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,151,990 |
| |
| South Carolina – 1.0% |
| Berkeley County School District GO Unlimited Bonds Series 2014 A (SCSDE)
(AA/Aa1) |
|
|
|
4,950,000 |
|
|
|
3.000 |
|
|
03/01/2026 |
|
5,340,703 |
| Charleston County School District GO Bonds Series 2018 (SCSDE)
(NR/Aa1) |
|
|
|
2,180,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
2,196,633 |
|
|
|
5,575,000 |
|
|
|
5.000 |
|
|
03/01/2022 |
|
5,889,040 |
|
|
|
4,015,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
4,433,805 |
| City of Charleston RB for Waterworks & Sewer System Capital Improvement Series
2006 B (AAA/Aaa)(a) |
|
|
|
(1 Mo. LIBOR + 0.37%), |
|
|
|
|
|
10,000,000 |
|
|
|
0.471 |
|
|
01/01/2022 |
|
9,985,600 |
| County of Charleston GO Bonds for Transportation Sales Tax Series 2011 (ST AID
WITHHLDG) (AAA/Aaa)(d) |
|
|
|
4,925,000 |
|
|
|
4.000 |
|
|
11/01/2021 |
|
5,081,566 |
| County of Charleston GO Refunding Bonds for Transportation Sales Tax Series 2013
(AAA/Aaa) |
|
|
|
10,005,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
10,405,300 |
| Laurens County Water & Sewer Commission RB Series 2020 (NR/WR)(d) |
|
|
|
3,035,000 |
|
|
|
1.375 |
|
|
07/01/2021 |
|
3,050,479 |
| South Carolina Public Service Authority RB Series 2016 D (A/A2) |
|
|
|
6,756,000 |
|
|
|
2.388 |
|
|
12/01/2023 |
|
7,043,062 |
| South Carolina Public Service Authority Santee Cooper RB Refunding Series 2014 D
(A/A2) |
|
|
|
1,050,000 |
|
|
|
3.056 |
|
|
12/01/2023 |
|
1,111,583 |
| South Carolina Transportation Infrastructure Bank RB Refunding
Series 2013 B
(A/Aa3)(a) |
|
|
|
(1 Mo. LIBOR + 0.45%), |
|
|
|
|
|
55,885,000 |
|
|
|
0.554 |
|
|
10/01/2022 |
|
55,810,114 |
| Spartanburg Regional Health Services District Obligated Group RB
Series 2020 A
(AGM) (AA/A2) |
|
|
|
730,000 |
|
|
|
5.000 |
|
|
04/15/2023 |
|
803,533 |
|
|
|
835,000 |
|
|
|
5.000 |
|
|
04/15/2024 |
|
952,217 |
|
|
|
925,000 |
|
|
|
5.000 |
|
|
04/15/2025 |
|
1,091,676 |
|
|
|
1,010,000 |
|
|
|
5.000 |
|
|
04/15/2026 |
|
1,230,503 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
04/15/2027 |
|
873,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115,299,064 |
| |
| South Dakota – 0.1% |
| Rapid City Area School District No. 51-4 Limited Tax Capital Outlay GO Refunding
Bonds Series 2017 B (ST AID WITHHLDG) (AA+/NR) |
|
|
|
1,055,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
1,055,000 |
|
|
|
570,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
596,784 |
| South Dakota Health & Educational Facilities Authority RB Refunding for Avera
Health Obligated Group Series 2019 A (AA-/A1)(a)(b) |
|
|
|
3,700,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
4,221,404 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,873,188 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Tennessee – 0.9% |
| Chattanooga Health Educational & Housing Facility Board RB for CommonSpirit
Health Obligated Group Refunding Series 2019 A-1 (BBB+/Baa1) |
| $ |
|
|
1,000,000 |
|
|
|
5.000 |
% |
|
08/01/2025 |
|
$ 1,184,710 |
| City of Murfreesboro GO Bonds Series 2018 (AA/Aa1) |
|
|
|
2,720,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
2,773,693 |
|
|
|
2,400,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
2,563,368 |
| County of Rutherford GO Bonds for School Series 2017 (AA+/Aa1) |
|
|
|
3,070,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
3,254,599 |
| Greeneville Health & Educational Facilities Board RB for Ballad Health
Obligated Group Series 2018 A (A-/Baa1) |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
3,570,000 |
| Hamilton County GO Bonds Series 2018 A (AAA/Aaa) |
|
|
|
7,860,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
8,332,622 |
| Knox County Health Educational & Housing Facilities Board RB for University
Health System, Inc. Series 2017 (BBB/NR) |
|
|
|
750,000 |
|
|
|
4.000 |
|
|
04/01/2021 |
|
754,928 |
|
|
|
1,420,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
1,485,419 |
| Metropolitan Government Nashville & Davidson County Sports Authority RB for MLS
Project Series 2020 (AA/Aa3) |
|
|
|
500,000 |
|
|
|
1.030 |
|
|
08/01/2024 |
|
502,310 |
|
|
|
740,000 |
|
|
|
1.230 |
|
|
08/01/2025 |
|
745,002 |
| Metropolitan Government of Nashville & Davidson County GO Improvement Bonds
Series 2013 A (AA/Aa2) |
|
|
|
9,625,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
10,551,695 |
| Metropolitan Government of Nashville & Davidson County GO Improvement Bonds
Series 2015 C (AA/Aa2) |
|
|
|
5,500,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
6,152,355 |
| Metropolitan Government of Nashville & Davidson County GO Improvement Bonds
Series 2018 (AA/Aa2) |
|
|
|
22,625,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
24,256,262 |
|
|
|
17,965,000 |
|
|
|
5.000 |
|
|
07/01/2023 |
|
20,095,829 |
| Metropolitan Government of Nashville & Davidson County GO Refunding Bonds
Series 2010 D (AA/Aa2) |
|
|
|
6,960,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
6,974,964 |
| Tennergy Corp. Tenn Gas Supply RB Series 2019 A (AA/Aa2)(a)(b) |
|
|
|
7,500,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
8,706,375 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101,904,131 |
| |
| Texas – 7.4% |
| Alamo Community College District GO Refunding Bonds Series 2017
(AAA/Aaa) |
|
|
|
6,475,000 |
|
|
|
3.000 |
|
|
08/15/2022 |
|
6,771,814 |
| Alvin Independent School District GO Bonds RMKT 08/17/20
Series 2014 B (PSF-GTD)
(AAA/Aaa)(a)(b) |
|
|
|
4,250,000 |
|
|
|
0.450 |
|
|
08/15/2023 |
|
4,245,410 |
| Arlington Higher Education Finance Corp. RB for Riverwalk Education Foundation,
Inc. Series 2019 (PSF-GTD) (AAA/NR) |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
08/15/2021 |
|
385,612 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
08/15/2022 |
|
375,123 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
08/15/2023 |
|
362,157 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
08/15/2024 |
|
375,674 |
|
|
|
475,000 |
|
|
|
5.000 |
|
|
08/15/2025 |
|
573,734 |
| Austin Convention Enterprises, Inc. Convention Center Hotel Second Tier RB
Refunding Series 2017 B (BB-/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
500,000 |
|
|
|
465,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
459,634 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
739,740 |
| Bexar County Housing Finance Corp. RB Refunding for Westcliffe Housing Foundation,
Inc. Series 2004 (NR/Aa1) |
|
|
|
200,000 |
|
|
|
3.750 |
|
|
02/01/2035 |
|
207,980 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Board of Regents of the University of Texas System RB Refunding Series 2017 C
(AAA/Aaa) |
| $ |
|
|
10,620,000 |
|
|
|
5.000 |
% |
|
08/15/2023 |
|
$ 11,964,280 |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2020 B
(A-/Baa1) |
|
|
|
150,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
150,000 |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
78,325 |
|
|
|
100,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
108,978 |
|
|
|
120,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
135,731 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
292,645 |
|
|
|
240,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
289,879 |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2020 C
(A-/Baa1) |
|
|
|
600,000 |
|
|
|
1.345 |
|
|
01/01/2024 |
|
604,704 |
|
|
|
600,000 |
|
|
|
1.445 |
|
|
01/01/2025 |
|
606,516 |
| Central Texas Regional Mobility Authority RB Refunding Senior Lien Series 2020 D
(BBB+/Baa2) |
|
|
|
200,000 |
|
|
|
1.307 |
|
|
01/01/2022 |
|
199,600 |
|
|
|
170,000 |
|
|
|
1.486 |
|
|
01/01/2023 |
|
169,429 |
|
|
|
1,000,000 |
|
|
|
1.645 |
|
|
01/01/2024 |
|
994,420 |
|
|
|
1,000,000 |
|
|
|
1.795 |
|
|
01/01/2025 |
|
990,820 |
| Central Texas Regional Mobility Authority RB Senior Lien Series 2011 (A-/Baa1)(d) |
|
|
|
5,455,000 |
|
|
|
6.000 |
|
|
01/01/2021 |
|
5,455,000 |
| Central Texas Regional Mobility Authority Senior Lien RB Series 2020 F
(BBB+/Baa2) |
|
|
|
7,250,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
8,333,440 |
| Central Texas Regional Mobility Authority Subordinate Lien RB
Series 2018
(BBB+/Baa2) |
|
|
|
3,500,000 |
|
|
|
4.000 |
|
|
01/01/2022 |
|
3,553,830 |
| Central Texas Turnpike System RB Refunding Series 2015 C (A-/Baa1) |
|
|
|
1,515,000 |
|
|
|
5.000 |
|
|
08/15/2028 |
|
1,746,113 |
| City of Austin RB for Airport System Series 2019 B (AMT) (A/A1) |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
1,125,310 |
| City of Austin TX Water & Wastewater System RB Refunding
Series 2011
(AA/Aa2) |
|
|
|
20,000,000 |
|
|
|
5.000 |
|
|
11/15/2041 |
|
20,722,800 |
| City of Celina Special Assessment Bonds for The Lake at Mustang Ranch Public
Improvement District Phase#1 Project Series 2020 (BAM) (AA/NR) |
|
|
|
280,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
301,935 |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
09/01/2025 |
|
342,936 |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
09/01/2026 |
|
365,603 |
|
|
|
335,000 |
|
|
|
4.000 |
|
|
09/01/2027 |
|
385,484 |
|
|
|
350,000 |
|
|
|
4.000 |
|
|
09/01/2028 |
|
404,625 |
| City of Corpus Christi GO Refunding Bonds for Forward Delivery
Series 2020 B
(AA/Aa2) |
|
|
|
1,325,000 |
|
|
|
5.000 |
|
|
03/01/2024 |
|
1,518,092 |
| City of Fate Special Assessment Refunding for Williamsburg Public Improvement
District No. 1 Project Series 2019 (BAM) (AA/NR) |
|
|
|
135,000 |
|
|
|
4.000 |
|
|
08/15/2023 |
|
145,296 |
|
|
|
140,000 |
|
|
|
4.000 |
|
|
08/15/2024 |
|
154,301 |
| City of Hackberry Special Assessment RB Refunding for Hackberry Public Improvement
District No. 3 Phases No. 13-16 Project
Series 2017 (NR/NR)(f) |
|
|
|
70,000 |
|
|
|
0.000 |
|
|
09/01/2021 |
|
69,012 |
|
|
|
70,000 |
|
|
|
0.000 |
|
|
09/01/2022 |
|
67,400 |
|
|
|
70,000 |
|
|
|
0.000 |
|
|
09/01/2023 |
|
65,685 |
| City of Hackberry Special Assessment RB Refunding for Hidden Cove Public
Improvement District No. 2 Project Series 2017 (BBB-/NR) |
|
|
|
405,000 |
|
|
|
4.000 |
|
|
09/01/2023 |
|
437,064 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| City of Hackberry Special Assessment RB Refunding for Hidden Cove Public
Improvement District No. 2 Project Series 2017 (BBB-/NR)(f) |
| $ |
|
|
685,000 |
|
|
|
0.000 |
% |
|
09/01/2021 |
|
$ 680,445 |
|
|
|
685,000 |
|
|
|
0.000 |
|
|
09/01/2022 |
|
670,445 |
| City of Houston RB Refunding for Airport System Subordinate Lien Series 2012 A
(AMT) (A/NR)(d) |
|
|
|
2,700,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
2,882,925 |
| City of Houston RB Refunding for Combined Utility System
Series 2018 C (AA/Aa2)(a) |
|
|
|
(1 Mo. LIBOR + 0.36%), |
|
|
|
|
|
12,500,000 |
|
|
|
0.463 |
|
|
08/01/2021 |
|
12,497,625 |
| City of Irving RB Refunding for Hotel Occupancy Tax Series 2019
(BBB+/NR) |
|
|
|
50,000 |
|
|
|
5.000 |
|
|
08/15/2021 |
|
50,798 |
|
|
|
65,000 |
|
|
|
5.000 |
|
|
08/15/2022 |
|
67,657 |
|
|
|
75,000 |
|
|
|
5.000 |
|
|
08/15/2023 |
|
79,823 |
| City of Lubbock GO Bonds Series 2013 (AA+/Aa2)(d) |
|
|
|
7,360,000 |
|
|
|
4.000 |
|
|
02/15/2023 |
|
7,947,254 |
| City of Mclendon-Chisholm Special Assessment Refunding Bonds Sonoma Public
Improvement District Series 2020 (BAM) (AA/NR) |
|
|
|
285,000 |
|
|
|
4.000 |
|
|
09/15/2025 |
|
320,864 |
|
|
|
295,000 |
|
|
|
4.000 |
|
|
09/15/2026 |
|
336,368 |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
09/15/2027 |
|
352,168 |
|
|
|
320,000 |
|
|
|
4.000 |
|
|
09/15/2028 |
|
373,325 |
|
|
|
340,000 |
|
|
|
4.000 |
|
|
09/15/2030 |
|
390,973 |
| City of San Antonio GO Refunding Bonds Series 2013 (AAA/Aaa)(d) |
|
|
|
3,175,000 |
|
|
|
5.000 |
|
|
02/01/2022 |
|
3,339,909 |
| City of San Antonio RB for Electric & Gas Systems Junior Lien
Series 2013
(AA-/Aa2)(d) |
|
|
|
5,420,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
5,956,526 |
| City of San Antonio RB Refunding for Electric & Gas Systems Junior Lien Series
2015 C (AA-/Aa2)(a)(b) |
|
|
|
36,630,000 |
|
|
|
1.750 |
|
|
12/01/2024 |
|
38,385,310 |
| City of San Antonio RB Refunding for Electric & Gas Systems Junior Lien Series
2018 (AA-/Aa2)(a)(b) |
|
|
|
5,200,000 |
|
|
|
2.750 |
|
|
12/01/2022 |
|
5,447,988 |
| City of San Antonio RB Refunding for Electric & Gas Systems
Series 2015 A
(AA-/Aa2)(a)(b) |
|
|
|
27,875,000 |
|
|
|
1.750 |
|
|
12/01/2024 |
|
29,243,941 |
| City of San Antonio RB Refunding for Electric & Gas Systems
Series 2020
(AA-/Aa2)(a)(b) |
|
|
|
10,750,000 |
|
|
|
1.750 |
|
|
12/01/2025 |
|
11,316,632 |
| City of San Antonio Water System Junior Lien RB Refunding
Series 2014 B (AA/Aa2)(a)(b) |
|
|
|
5,750,000 |
|
|
|
2.000 |
|
|
11/01/2022 |
|
5,933,885 |
| City of Southlake GO Refunding Bonds Series 2019 (AAA/NR) |
|
|
|
4,020,000 |
|
|
|
5.000 |
|
|
02/15/2021 |
|
4,041,748 |
| Clear Creek Independent School District GO Bonds RMKT 08/14/20 Series 2013 B
(PSF-GTD) (AAA/NR)(a)(b) |
|
|
|
15,000,000 |
|
|
|
0.500 |
|
|
08/15/2023 |
|
14,991,600 |
| Clifton Higher Education Finance Corp. RB for YES Prep Public Schools, Inc. Series
2020 (PSF-GTD) (NR/Aaa) |
|
|
|
310,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
341,949 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
458,972 |
| Colorado River Municipal Water District RB Series 2011 (AA-/Aa3)(d) |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
2,000,000 |
| County of Collin GO Refunding Bonds Series 2020 (AAA/Aaa) |
|
|
|
560,000 |
|
|
|
0.867 |
|
|
02/15/2024 |
|
565,897 |
|
|
|
750,000 |
|
|
|
0.967 |
|
|
02/15/2025 |
|
762,135 |
| County of Fort Bend GO Refunding Bonds Series 2015 B (AA+/Aa1) |
|
|
|
3,740,000 |
|
|
|
5.000 |
|
|
03/01/2023 |
|
4,124,135 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Dallas Area Rapid Transit RB Refunding Series 2020 B (AA+/Aa2) |
| $ |
|
|
1,175,000 |
|
|
|
5.000 |
% |
|
12/01/2021 |
|
$ 1,226,218 |
|
|
|
1,200,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
1,309,500 |
|
|
|
4,000,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
4,552,400 |
| Dallas Independent School District GO Bonds Series 2019 B (PSF-GTD)
(AAA/Aaa) |
|
|
|
11,365,000 |
|
|
|
5.000 |
|
|
02/15/2024 |
|
13,055,544 |
| Dallas-Fort Worth International Airport Joint RB Refunding Series 2013 D
(A/A1) |
|
|
|
3,385,000 |
|
|
|
5.250 |
|
|
11/01/2025 |
|
3,525,647 |
| Dallas-Fort Worth International Airport Joint RB Refunding Series 2014 D (AMT)
(A/NR) |
|
|
|
3,660,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
4,113,657 |
| Dallas-Fort Worth International Airport RB Refunding Series 2020 A
(A/A1) |
|
|
|
1,500,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
1,694,505 |
|
|
|
2,135,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
2,506,405 |
|
|
|
1,000,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
1,216,540 |
|
|
|
2,555,000 |
|
|
|
5.000 |
|
|
11/01/2026 |
|
3,198,783 |
| Dallas-Fort Worth International Airport RB Refunding Series 2020 B
(A/A1) |
|
|
|
3,625,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
3,762,967 |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
3,251,430 |
|
|
|
1,600,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
1,807,472 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
2,347,920 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
11/01/2025 |
|
3,041,350 |
| Dallas-Fort Worth International Airport RB Refunding Series 2020 C
(A/A1) |
|
|
|
2,690,000 |
|
|
|
1.329 |
|
|
11/01/2025 |
|
2,715,151 |
| Deer Park Independent School District GO Bonds RMKT 10/01/20
Series 2018
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
7,000,000 |
|
|
|
0.280 |
|
|
10/01/2021 |
|
7,001,050 |
| Denton Independent School District GO Bonds 2014 B (PSF-GTD) (AAA/NR)(a)(b) |
|
|
|
5,000,000 |
|
|
|
2.000 |
|
|
08/01/2024 |
|
5,286,050 |
| Dickinson Independent School District GO Refunding Bonds Series 2013 (PSF-GTD)
(AAA/Aaa)(a)(b) |
|
|
|
5,000,000 |
|
|
|
1.350 |
|
|
08/02/2021 |
|
5,031,300 |
| Ector County Hospital District GO Refunding Bonds Series 2020
(BBB-/Baa2) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
09/15/2021 |
|
308,193 |
|
|
|
400,000 |
|
|
|
5.000 |
|
|
09/15/2022 |
|
426,044 |
|
|
|
425,000 |
|
|
|
5.000 |
|
|
09/15/2023 |
|
467,763 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
09/15/2024 |
|
511,132 |
|
|
|
450,000 |
|
|
|
5.000 |
|
|
09/15/2025 |
|
526,640 |
|
|
|
620,000 |
|
|
|
5.000 |
|
|
09/15/2026 |
|
742,233 |
| El Paso Independent School District GO Bonds Series 2020 (NR/Aa2)(a)(b) |
|
|
|
7,000,000 |
|
|
|
2.500 |
|
|
08/01/2021 |
|
7,089,600 |
| Fort Bend Independent School District GO Bonds Series 2019 A
(PSF-GTD) (AAA/NR)(a)(b) |
|
|
|
4,225,000 |
|
|
|
1.950 |
|
|
08/01/2022 |
|
4,334,258 |
| Fort Bend Independent School District GO Bonds Series 2020 B
(PSF-GTD) (AAA/NR)(a)(b) |
|
|
|
7,800,000 |
|
|
|
0.875 |
|
|
08/01/2025 |
|
7,899,996 |
| Georgetown Independent School District GO Bonds RMKT 08/01/20 Series 2016 B
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
5,500,000 |
|
|
|
2.000 |
|
|
08/01/2023 |
|
5,734,960 |
| Goose Creek Consolidated Independent School District GO Bonds RMKT 08/14/20 Series
2014 B (PSF-GTD) (AAA/NR)(a)(b) |
|
|
|
7,500,000 |
|
|
|
0.450 |
|
|
08/15/2022 |
|
7,520,475 |
| Grand Parkway Transportation Corp. RB Series 2013 (BBB/NR) |
|
|
|
7,110,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
7,727,148 |
| Gulf Coast Authority RB for Waste Management, Inc. Series 2003 B (AMT) (A-/NR)(a)(b) |
|
|
|
2,500,000 |
|
|
|
2.450 |
|
|
05/03/2021 |
|
2,514,700 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Gulf Coast Industrial Development Authority RB for Exxon Mobil Corp. Series 2012
(AA/Aa1)(a)(b) |
| $ |
|
|
21,900,000 |
|
|
|
0.080 |
% |
|
01/01/2021 |
|
$ 21,900,000 |
| Gulfgate Redevelopment Authority Tax Allocation Refunding for City of Houston TX
Reinvestment Zone No. 8 Series 2020 (AGM) (AA/NR) |
|
|
|
270,000 |
|
|
|
4.000 |
|
|
09/01/2022 |
|
285,790 |
|
|
|
300,000 |
|
|
|
4.000 |
|
|
09/01/2024 |
|
332,604 |
| Harris County Cultural Education Facilities Finance Corp. RB for Memorial Hermann
Health System Obligated Group Series 2019 B-1 (A+/A1)(a)(b) |
|
|
|
7,500,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
8,125,050 |
| Harris County Cultural Education Facilities Finance Corp. RB for Memorial Hermann
Health System Obligated Group Series 2019 B-2 (A+/A1)(a)(b) |
|
|
|
7,750,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
9,104,545 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Baylor
College of Medicine Series 2020 (A/NR) |
|
|
|
700,000 |
|
|
|
1.447 |
|
|
11/15/2022 |
|
702,569 |
|
|
|
1,000,000 |
|
|
|
1.593 |
|
|
11/15/2023 |
|
1,007,060 |
|
|
|
500,000 |
|
|
|
1.841 |
|
|
11/15/2024 |
|
507,620 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Obligated Group Series 2019 A (A+/A1) |
|
|
|
1,800,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
1,872,576 |
|
|
|
2,000,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
2,169,660 |
|
|
|
2,500,000 |
|
|
|
5.000 |
|
|
12/01/2023 |
|
2,831,225 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Obligated Group
Series 2020 C-1 (A+/A1)(a)(b) |
|
|
|
3,500,000 |
|
|
|
5.000 |
|
|
12/01/2022 |
|
3,801,350 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Obligated Group
Series 2020 C-2 (A+/A1)(a)(b) |
|
|
|
3,000,000 |
|
|
|
5.000 |
|
|
12/01/2024 |
|
3,532,020 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Obligated Group
Series 2020 C-3 (A+/A1)(a)(b) |
|
|
|
2,200,000 |
|
|
|
5.000 |
|
|
12/01/2026 |
|
2,768,678 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Memorial
Hermann Health System Series 2013 B (A+/A1)(c) |
|
|
|
(SIFMA Municipal Swap
Index Yield +
1.05%), |
|
|
|
|
|
5,685,000 |
|
|
|
1.140 |
|
|
06/01/2024 |
|
5,752,310 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Texas
Children’s Hospital Obligated Group Series 2019 B (AA/Aa2)(a)(b) |
|
|
|
5,070,000 |
|
|
|
5.000 |
|
|
10/01/2024 |
|
5,943,358 |
| Harris County Cultural Education Facilities Finance Corp. RB Refunding for Texas
Medical Center Obligated Group Series 2019 B
(AA-/A1)(a)(b) |
|
|
|
8,940,000 |
|
|
|
0.900 |
|
|
05/15/2025 |
|
8,952,248 |
| Harris County Flood Control District GO Bonds Series 2020 A (AAA/Aaa) |
|
|
|
1,500,000 |
|
|
|
4.000 |
|
|
10/01/2024 |
|
1,711,155 |
|
|
|
1,505,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
1,841,292 |
| Harris County GO Refunding Bonds Series 2014 A (AAA/Aaa) |
|
|
|
4,220,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
4,959,006 |
| Harris County GO Refunding Bonds Series 2015 A (AAA/Aaa) |
|
|
|
2,160,000 |
|
|
|
5.000 |
|
|
10/01/2025 |
|
2,639,218 |
| Harris County Toll Road RB Refunding Senior Lien Series 2007 B (AMBAC) (AA-/Aa1)(c) |
|
|
|
(3 Mo. LIBOR + 0.67%), |
|
|
|
|
|
35,255,000 |
|
|
|
0.819 |
|
|
08/15/2035 |
|
31,832,445 |
| Hickory Creek Texas Special Assessment RB for Public Improvement District No. 1
Series 2017 (BBB-/NR) |
|
|
|
90,000 |
|
|
|
3.000 |
|
|
09/01/2021 |
|
91,405 |
|
|
|
90,000 |
|
|
|
3.000 |
|
|
09/01/2022 |
|
93,053 |
|
|
|
95,000 |
|
|
|
3.000 |
|
|
09/01/2023 |
|
99,960 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Houston Airport System RB Refunding Series 2020 C (A/A1) |
| $ |
|
|
825,000 |
|
|
|
0.883 |
% |
|
07/01/2022 |
|
$ 826,106 |
|
|
|
4,580,000 |
|
|
|
1.054 |
|
|
07/01/2023 |
|
4,595,847 |
|
|
|
13,060,000 |
|
|
|
1.272 |
|
|
07/01/2024 |
|
13,149,330 |
| Houston Independent School District GO Bonds RMKT 06/01/20 Series 2014 A (PSF-GTD)
(AAA/Aaa)(a)(b) |
|
|
|
10,000,000 |
|
|
|
4.000 |
|
|
06/01/2023 |
|
10,841,600 |
| Houston Independent School District GO Refunding Bonds Series 2012 (PSF-GTD)
(AAA/Aaa)(a)(b) |
|
|
|
6,000,000 |
|
|
|
4.000 |
|
|
06/01/2023 |
|
6,523,080 |
| Houston Independent School District Limited Tax Schoolhouse GO Bonds Series 2013 B
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
4,935,000 |
|
|
|
2.400 |
|
|
06/01/2021 |
|
4,977,786 |
| Hunt Memorial Hospital District Charitable Health GO Refunding Bonds Series 2020
(BBB+/A2) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
02/15/2021 |
|
301,353 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
02/15/2022 |
|
261,077 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
02/15/2023 |
|
351,799 |
|
|
|
275,000 |
|
|
|
5.000 |
|
|
02/15/2024 |
|
307,698 |
| Kaufman County Fresh Water Supply District No. 1 Refunding for Road Series 2016 C
(AGM) (AA/NR) |
|
|
|
310,000 |
|
|
|
3.000 |
|
|
09/01/2021 |
|
315,208 |
|
|
|
330,000 |
|
|
|
3.000 |
|
|
09/01/2022 |
|
343,863 |
| Leander Independent School District School Building Capital Appreciation GO Bonds
Series 2014 C (PSF-GTD) (NR/NR)(d)(f) |
|
|
|
30,635,000 |
|
|
|
0.000 |
|
|
08/15/2024 |
|
10,541,552 |
| Leander Independent School District Unlimited Tax GO Refunding Bonds Series 2016
(PSF-GTD) (AAA/NR)(f) |
|
|
|
5,000,000 |
|
|
|
0.000 |
|
|
08/16/2021 |
|
4,994,500 |
| Lower Colorado River Authority LCRA RB Refunding for Transmission Services Corp.
Project Series 2011A (A/A1) |
|
|
|
3,195,000 |
|
|
|
5.000 |
|
|
05/15/2027 |
|
3,248,420 |
| Lower Colorado River Authority LCRA Transmission Services Corp. Project RB
Refunding Series 2011A (A/A1) |
|
|
|
3,130,000 |
|
|
|
5.000 |
|
|
05/15/2023 |
|
3,184,212 |
| Mansfield Independent School District GO Bonds Series 2012 (PSF-GTD) (NR/Aaa)(a)(b) |
|
|
|
8,250,000 |
|
|
|
2.500 |
|
|
08/01/2021 |
|
8,355,600 |
| Matagorda County Texas Navigation District No. 1 PCRB Refunding for Central Power
& Light Co. Project Series 1996 (AMT) (A-/Baa2)(a)(b) |
|
|
|
3,375,000 |
|
|
|
0.900 |
|
|
09/01/2023 |
|
3,391,504 |
| Metropolitan Transit Authority of Harris County Sales and Use Tax Contractual
Obligations RB Series 2018 (AAA/Aa2) |
|
|
|
3,020,000 |
|
|
|
5.000 |
|
|
11/01/2022 |
|
3,280,626 |
|
|
|
1,110,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
1,257,963 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for
Collegiate Housing Island Campus Project Series 2017 A (BB+/Ba1) |
|
|
|
810,000 |
|
|
|
4.000 |
|
|
04/01/2021 |
|
806,242 |
|
|
|
855,000 |
|
|
|
4.000 |
|
|
04/01/2022 |
|
848,305 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for Station
I, LLC - Texas A&M University Collegiate Housing Project Series 2014 A (AGM) (AA/A2) |
|
|
|
400,000 |
|
|
|
4.000 |
|
|
04/01/2021 |
|
402,480 |
| New Hope Cultural Education Facilities Finance Corp. Student Housing RB for Station
II, LLC - Texas A&M University Collegiate Housing Corpus Christi Project Series 2016 A (B/B2) |
|
|
|
620,000 |
|
|
|
4.000 |
|
|
04/01/2021 |
|
619,225 |
| North East Independent School District Unlimited Tax GO Refunding Bonds Series 2017
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
5,000,000 |
|
|
|
2.375 |
|
|
08/01/2022 |
|
5,162,600 |
| North Texas Tollway Authority RB Refunding First Tier Series 2010 (A+/A1)(d) |
|
|
|
5,070,000 |
|
|
|
6.000 |
|
|
01/01/2021 |
|
5,070,000 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| North Texas Tollway Authority RB Refunding First Tier Series 2012 B (A+/A1)(d) |
| $ |
|
|
7,845,000 |
|
|
|
5.000 |
% |
|
01/01/2022 |
|
$ 8,217,638 |
| North Texas Tollway Authority RB Refunding for Second Tier
Series 2017 B
(A/A2) |
|
|
|
1,215,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
1,324,411 |
| North Texas Tollway Authority System RB Refunding First Tier
Series 2016 A
(A+/A1) |
|
|
|
1,630,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
1,706,414 |
| Northside Independent School District GO Bonds Series 2016
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
2,510,000 |
|
|
|
2.000 |
|
|
06/01/2021 |
|
2,527,695 |
| Northside Independent School District GO Bonds Series 2020
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
30,000,000 |
|
|
|
0.700 |
|
|
06/01/2025 |
|
30,282,900 |
| Pasadena Independent School District GO Bonds Series 2015 B
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
3,845,000 |
|
|
|
1.500 |
|
|
08/15/2024 |
|
3,996,993 |
| Pflugerville Independent School District Unlimited Tax School Building GO Bonds
Series 2019 B (PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
7,500,000 |
|
|
|
2.500 |
|
|
08/15/2023 |
|
7,916,400 |
| Round Rock Independent School District GO Refunding Bonds Series 2019 B
(AAA/Aaa) |
|
|
|
2,485,000 |
|
|
|
4.000 |
|
|
08/01/2023 |
|
2,725,076 |
| Round Rock Independent School District Unlimited Tax GO Bonds for School Building
RMKT 08/01/16 Series 2015 (PSF-GTD)
(AAA/Aaa)(a)(b) |
|
|
|
16,495,000 |
|
|
|
1.500 |
|
|
08/01/2021 |
|
16,509,681 |
| San Antonio Water System Junior Lien RB Series 2019 A (AA/Aa2)(a)(b) |
|
|
|
15,000,000 |
|
|
|
2.625 |
|
|
05/01/2024 |
|
16,108,800 |
| San Antonio Water System RB Refunding Series 2015 B (AA/Aa2) |
|
|
|
8,855,000 |
|
|
|
5.000 |
|
|
05/15/2039 |
|
10,480,601 |
| Southwest Houston Redevelopment Authority RB for City of Houston TX Reinvestment
Zone No. 20 Series 2020 (AGM) (AA/NR) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
09/01/2025 |
|
353,373 |
| State of Texas GO Bonds Series 2014 (AAA/Aaa)(d) |
|
|
|
9,870,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
11,398,666 |
| State of Texas GO Refunding Bonds Series 2014 (AAA/Aaa)(d) |
|
|
|
16,635,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
19,211,429 |
| State of Texas RB Anticipation Notes Series 2020 (SP-1+/MIG1) |
|
|
|
82,500,000 |
|
|
|
4.000 |
|
|
08/26/2021 |
|
84,555,900 |
| Tarrant County Cultural Education Facilities Finance Corp. RB Refunding for
CHRISTUS Health Obligation Group Series 2018 A (A+/A1) |
|
|
|
2,200,000 |
|
|
|
5.000 |
|
|
07/01/2021 |
|
2,247,960 |
|
|
|
1,795,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
1,913,273 |
| Tarrant County Cultural Education Facilities Finance Corp. RB Refunding for
Hendrick Medical Center Obligated Group Series 2021 (AGM) (AA/A2)(h) |
|
|
|
700,000 |
|
|
|
0.863 |
|
|
09/01/2021 |
|
700,070 |
|
|
|
450,000 |
|
|
|
0.923 |
|
|
09/01/2022 |
|
449,991 |
|
|
|
500,000 |
|
|
|
1.071 |
|
|
09/01/2023 |
|
500,400 |
|
|
|
700,000 |
|
|
|
1.356 |
|
|
09/01/2024 |
|
704,004 |
|
|
|
600,000 |
|
|
|
1.386 |
|
|
09/01/2025 |
|
600,474 |
| Tarrant Regional Water District RB Refunding for Water Control & Improvement
District Series 2015 (AAA/NR) |
|
|
|
6,025,000 |
|
|
|
5.000 |
|
|
03/01/2021 |
|
6,070,429 |
| Texas Municipal Gas Acquisition & Supply Corp. I RB Senior Lien Series 2006 B
(A-/A2)(c) |
|
|
|
(3 Mo. LIBOR + 0.70%), |
|
|
|
|
|
9,740,000 |
|
|
|
0.845 |
|
|
12/15/2026 |
|
9,702,306 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Texas – (continued) |
| Texas Municipal Gas Acquisition & Supply Corp. II RB Series 2007 B (A-/A2)(c) |
|
|
|
(SIFMA Municipal Swap
Index Yield +
0.55%), |
|
|
| $ |
|
|
9,560,000 |
|
|
|
0.640 |
% |
|
09/15/2027 |
|
$ 9,538,872 |
| Texas Transportation Commission Central Turnpike System RB First Tier Series 2002 A
(AMBAC) (A/A3)(f) |
|
|
|
6,950,000 |
|
|
|
0.000 |
|
|
08/15/2023 |
|
6,816,977 |
| Texas Transportation Commission Highway Improvement GO Bonds Series 2016
(AAA/Aaa) |
|
|
|
6,925,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
7,340,569 |
| Texas University System Financing RB Refunding Series 2017 A (AA/Aa2) |
|
|
|
1,820,000 |
|
|
|
5.000 |
|
|
03/15/2021 |
|
1,837,181 |
| Tomball Independent School District GO Bonds Series 2014 B-1
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
2,675,000 |
|
|
|
0.450 |
|
|
08/15/2023 |
|
2,675,589 |
| Tomball Independent School District GO Bonds Series 2014 B-3
(PSF-GTD) (AAA/Aaa)(a)(b) |
|
|
|
11,650,000 |
|
|
|
1.350 |
|
|
08/15/2022 |
|
11,846,419 |
| Travis County Water Control & Improvement District No. 17 GO Refunding Bonds
Series 2020 (BAM) (AA/NR) |
|
|
|
300,000 |
|
|
|
3.000 |
|
|
05/01/2022 |
|
310,680 |
|
|
|
325,000 |
|
|
|
3.000 |
|
|
05/01/2023 |
|
343,928 |
|
|
|
405,000 |
|
|
|
3.000 |
|
|
05/01/2024 |
|
437,570 |
|
|
|
305,000 |
|
|
|
4.000 |
|
|
05/01/2025 |
|
349,094 |
|
|
|
285,000 |
|
|
|
4.000 |
|
|
05/01/2026 |
|
333,151 |
| University Houston Consolidated RB Refunding Series 2017 C (AA/Aa2) |
|
|
|
6,355,000 |
|
|
|
5.000 |
|
|
02/15/2022 |
|
6,697,789 |
| Viridian Municipal Management District Tarrant County Special Assessment RB Series
2015 (NR/NR) |
|
|
|
19,000 |
|
|
|
4.000 |
|
|
12/01/2021 |
|
19,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
852,350,745 |
| |
| Utah – 0.4% |
|
|
|
|
|
|
|
|
|
| Granite School District Board of Education GO Bonds Series 2020 (SCH BD GTY)
(AAA/Aaa) |
|
|
|
4,660,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
4,977,206 |
|
|
|
4,890,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
5,450,883 |
|
|
|
5,135,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
5,966,511 |
|
|
|
1,895,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
2,289,368 |
| University of Utah RB General Series 2015 B (AA+/Aa1) |
|
|
|
5,370,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
6,035,289 |
| University of Utah RB General Series 2016 B-1 (AA+/Aa1) |
|
|
|
2,415,000 |
|
|
|
5.000 |
|
|
08/01/2023 |
|
2,714,194 |
| Utah County RB IHC Health Services, Inc. Obligated Group
Series 2020 B-1
(AA+/Aa1)(a)(b) |
|
|
|
5,715,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
6,647,517 |
| Utah County RB IHC Health Services, Inc. Obligated Group
Series 2020 B-2
(AA+/Aa1)(a)(b) |
|
|
|
6,000,000 |
|
|
|
5.000 |
|
|
08/01/2026 |
|
7,469,940 |
| Washington County School District Board of Education GO Refunding Bonds Series 2019
(SCH BD GTY) (AAA/Aaa) |
|
|
|
2,510,000 |
|
|
|
5.000 |
|
|
03/01/2022 |
|
2,650,786 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44,201,694 |
| |
| Vermont – 0.0% |
|
|
|
|
|
|
|
|
|
| Vermont Educational & Health Buildings Financing Agency RB Refunding for The
University of Vermont Medical Center Project
Series 2016 A (A/A3) |
|
|
|
365,000 |
|
|
|
5.000 |
|
|
12/01/2021 |
|
379,038 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Virgin Islands – 0.0% |
| Virgin Islands Public Finance Authority Grant Anticipation RB for Federal Highway
Grant Anticipation Revenue Loan Note Series 2015 (A/NR)(e) |
| $ |
|
|
2,015,000 |
|
|
|
5.000 |
% |
|
09/01/2021 |
|
$ 2,062,796 |
| Virgin Islands Public Finance Authority Gross Receipts Taxes Loan NT RB Series 2012
A (AGM-CR) (AA/A2) |
|
|
|
155,000 |
|
|
|
4.000 |
|
|
10/01/2022 |
|
160,689 |
| Virgin Islands Public Finance Authority RB Refunding for Virgin Islands Gross
Receipts Taxes Loan Note Series 2012 A (B/NR) |
|
|
|
280,000 |
|
|
|
4.000 |
|
|
10/01/2022 |
|
272,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,495,908 |
| |
| Virginia – 3.1% |
| Chesapeake Bay Bridge & Tunnel District RB First Tier General Resolution
Anticipation Notes Series 2019 (BBB/Baa2) |
|
|
|
22,680,000 |
|
|
|
5.000 |
|
|
11/01/2023 |
|
25,348,756 |
| Chesapeake Economic Development Authority RB Refunding for Virginia Electric &
Power Co. Series 2008 A (BBB+/A2)(a)(b) |
|
|
|
2,250,000 |
|
|
|
1.900 |
|
|
06/01/2023 |
|
2,331,473 |
| City of Alexandria GO Refunding Bonds Series 2017 D (ST AID WITHHLDG)
(AAA/Aaa) |
|
|
|
355,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
380,595 |
| Commonwealth of Virginia GO Bonds Series 2020 A (AAA/Aaa) |
|
|
|
4,515,000 |
|
|
|
4.000 |
|
|
06/01/2024 |
|
5,099,602 |
|
|
|
4,560,000 |
|
|
|
4.000 |
|
|
06/01/2025 |
|
5,320,198 |
|
|
|
4,360,000 |
|
|
|
4.000 |
|
|
06/01/2026 |
|
5,236,142 |
| County of Arlington GO Bonds for Public Improvement Series 2013 A (AAA/Aaa)(d) |
|
|
|
2,930,000 |
|
|
|
4.000 |
|
|
08/01/2021 |
|
2,995,017 |
| County of Arlington GO Bonds Series C (ST AID WITHHLDG) (AAA/Aaa)(d) |
|
|
|
9,665,000 |
|
|
|
5.000 |
|
|
02/15/2021 |
|
9,717,191 |
| County of Arlington GO Refunding Bonds 2020 B (ST AID WITHHLDG)
(AAA/Aaa) |
|
|
|
2,870,000 |
|
|
|
0.640 |
|
|
08/01/2024 |
|
2,896,634 |
| County of Fairfax RB for Sewer Series 2012 (AAA/Aaa)(d) |
|
|
|
9,235,000 |
|
|
|
4.500 |
|
|
07/15/2021 |
|
9,448,328 |
| Fairfax County GO Bonds for Virginia Public Improvement
Series 2018 A (ST AID
WITHHLDG) (AAA/Aaa) |
|
|
|
10,285,000 |
|
|
|
4.000 |
|
|
10/01/2021 |
|
10,580,385 |
| Fairfax County GO Refunding Bonds for Virginia Public Improvement Series 2016 A (ST
AID WITHHLDG) (NR/Aaa)(d) |
|
|
|
8,450,000 |
|
|
|
5.000 |
|
|
10/01/2021 |
|
8,754,453 |
| Fairfax County GO Taxable Refunding Bonds Series 2020 B (ST AID WITHHLDG)
(AAA/Aaa) |
|
|
|
1,095,000 |
|
|
|
0.545 |
|
|
10/01/2024 |
|
1,101,198 |
|
|
|
2,830,000 |
|
|
|
0.645 |
|
|
10/01/2025 |
|
2,854,734 |
| Fairfax County Industrial Development Authority RB Refunding for Inova Health
System Obligated Group Series 2018 B-1
(AA+/Aa2)(a)(b) |
|
|
|
24,350,000 |
|
|
|
5.000 |
|
|
05/15/2021 |
|
24,753,723 |
| Halifax County Industrial Development Authority RB for Virginia Electric and Power
Co. Series 2010 A (BBB+/A2)(a)(b) |
|
|
|
2,250,000 |
|
|
|
0.450 |
|
|
04/01/2022 |
|
2,250,000 |
| Hampton Roads Transportation Accountability Commission RB
Series 2019 A
(A+/Aa3) |
|
|
|
34,395,000 |
|
|
|
5.000 |
|
|
07/01/2022 |
|
36,810,905 |
| Henry County Industrial Development Authority Grant Anticipation RB Series 2019 B
(A+/A1) |
|
|
|
8,365,000 |
|
|
|
2.000 |
|
|
11/01/2023 |
|
8,468,057 |
| Louisa Industrial Development Authority Pollution Control RB Refunding Virginia
Electric & Power Co. Series 2008 A
(BBB+/A2)(a)(b) |
|
|
|
1,325,000 |
|
|
|
1.900 |
|
|
06/01/2023 |
|
1,374,038 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Virginia – (continued) |
| Louisa Industrial Development Authority Pollution Control RB Refunding Virginia
Electric & Power Co. Series 2008 C (BBB+/A2)(a)(b) |
| $ |
|
|
2,550,000 |
|
|
|
1.800 |
% |
|
04/01/2022 |
|
$ 2,592,483 |
| Louisa Industrial Development Authority RB Virginia Electric and Power Co. Series
2008 B (BBB+/A2)(a)(b) |
|
|
|
2,500,000 |
|
|
|
0.750 |
|
|
09/02/2025 |
|
2,531,825 |
| Peninsula Ports Authority RB Refunding for Dominion Terminal Associates Series 2003
(BBB/Baa2)(a)(b) |
|
|
|
2,400,000 |
|
|
|
1.700 |
|
|
10/01/2022 |
|
2,436,672 |
| Salem Economic Development Authority RB Refunding for Roanoke College Series 2020
(BBB+/NR) |
|
|
|
210,000 |
|
|
|
5.000 |
|
|
04/01/2021 |
|
211,623 |
|
|
|
215,000 |
|
|
|
5.000 |
|
|
04/01/2022 |
|
223,548 |
|
|
|
250,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
267,968 |
|
|
|
270,000 |
|
|
|
5.000 |
|
|
04/01/2024 |
|
296,946 |
|
|
|
270,000 |
|
|
|
5.000 |
|
|
04/01/2025 |
|
304,225 |
| University of Virginia RB Green Bonds Series 2015 A-2 (AAA/Aaa) |
|
|
|
20,705,000 |
|
|
|
5.000 |
|
|
04/01/2045 |
|
24,257,357 |
| Virginia College Building Authority Education Facilities RB
Series 2014 A
(AA+/Aa1)(d) |
|
|
|
7,880,000 |
|
|
|
4.000 |
|
|
02/01/2024 |
|
8,796,680 |
| Virginia Commonwealth Transportation Board Federal Transportation Grant
Anticipation RB Series 2013 A (AA+/Aa1)(d) |
|
|
|
5,225,000 |
|
|
|
5.000 |
|
|
03/15/2023 |
|
5,777,544 |
| Virginia Commonwealth Transportation Board RB Capital Project
Series 2012
(AA+/Aa1) |
|
|
|
810,000 |
|
|
|
4.000 |
|
|
05/15/2037 |
|
844,895 |
| Virginia Commonwealth Transportation Board RB for Transportation Capital Project
Series 2011 (AA+/Aa1)(d) |
|
|
|
4,070,000 |
|
|
|
5.250 |
|
|
05/15/2021 |
|
4,145,783 |
| Virginia Commonwealth Transportation Board RB For Transportation Capital Project
Series 2012 (AA+/Aa1)(d) |
|
|
|
9,365,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
9,982,341 |
| Virginia Commonwealth Transportation Board RB for Transportation Capital Project
Series 2017 (AA+/Aa1) |
|
|
|
1,230,000 |
|
|
|
5.000 |
|
|
05/15/2022 |
|
1,310,909 |
| Virginia Commonwealth Transportation Board RB Refunding for U.S. Route 58 Corridor
Development Program Series 2016 C (AA+/Aa1) |
|
|
|
2,345,000 |
|
|
|
5.000 |
|
|
05/15/2023 |
|
2,609,657 |
| Virginia Housing Development Authority RB for Rental Housing
Series 2018 E
(AA+/Aa1) |
|
|
|
5,660,000 |
|
|
|
2.500 |
|
|
12/01/2022 |
|
5,664,924 |
| Virginia Housing Development Authority RB for Rental Housing
Series 2019 E
(AA+/Aa1) |
|
|
|
4,500,000 |
|
|
|
1.400 |
|
|
12/01/2023 |
|
4,501,530 |
| Virginia Public School Authority RB Series 2019 VII (AA+/Aa1) |
|
|
|
10,890,000 |
|
|
|
5.000 |
|
|
04/15/2021 |
|
11,036,035 |
| Virginia Resources Authority Infrastructure and State Moral Obligation RB for
Pooled Financing Program Series 2014 C (AMT) (AAA/NR) |
|
|
|
3,375,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
3,510,608 |
| Virginia Resources Authority Infrastructure and State Moral Obligation RB for
Pooled Financing Program Series 2014 C (AMT) (ETM) (NR/NR)(d) |
|
|
|
385,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
400,238 |
| Virginia Small Business Financing Authority RB Refunding National Senior Campuses,
Inc. Obligated Group Series 2020 A (A/NR) |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
522,220 |
|
|
|
500,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
543,665 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
621,049 |
|
|
|
700,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
817,901 |
|
|
|
750,000 |
|
|
|
5.000 |
|
|
01/01/2026 |
|
903,015 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Virginia – (continued) |
| Virginia Small Business Financing Authority Senior Lien RB for 95 Express Lanes LLC
Project Series 2012 (BBB-/NR) |
| $ |
|
|
1,525,000 |
|
|
|
5.000 |
% |
|
07/01/2034 |
|
$ 1,583,636 |
|
|
|
4,500,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
4,671,675 |
| Virginia Small Business Financing Authority Senior Lien RB for 95 Express Lanes LLC
Project Series 2017 (AMT) (BBB-/NR) |
|
|
|
15,000,000 |
|
|
|
5.000 |
|
|
07/01/2034 |
|
15,576,750 |
|
|
|
24,700,000 |
|
|
|
5.000 |
|
|
01/01/2040 |
|
25,642,305 |
| Virginia Small Business Financing Authority Senior Lien RB for 95 Express Lanes LLC
Project Series 2019 (AMT) (BBB-/NR) |
|
|
|
14,290,000 |
|
|
|
5.000 |
|
|
07/01/2049 |
|
14,825,018 |
| Virginia State Public Building Authority RB for Public Facilities Series 2011 A
(AA+/Aa1)(d) |
|
|
|
5,375,000 |
|
|
|
5.000 |
|
|
08/01/2021 |
|
5,525,016 |
| Wise County Industrial Development Authority RB for Virginia Electric and Power Co.
Series 2009 A (BBB+/A2)(a)(b) |
|
|
|
12,500,000 |
|
|
|
0.750 |
|
|
09/02/2025 |
|
12,618,875 |
| Wise County Industrial Development Authority RB for Virginia Electric and Power Co.
Series 2010 A (BBB+/A2)(a)(b) |
|
|
|
6,805,000 |
|
|
|
1.200 |
|
|
05/31/2024 |
|
6,964,237 |
| York County Economic Development Authority Pollution Control RB Refunding for
Virginia Electric & Power Co. Project Series 2009 A (BBB+/A2)(a)(b) |
|
|
|
4,250,000 |
|
|
|
1.900 |
|
|
06/01/2023 |
|
4,404,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
352,644,985 |
| |
| Washington – 1.4% |
| City of Seattle RB for Municipal Light & Power Series 2015 A
(AA/Aa2) |
|
|
|
5,545,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
5,631,946 |
| King County Housing Authority RB Refunding Series 2020 (AA/NR) |
|
|
|
300,000 |
|
|
|
3.000 |
|
|
06/01/2021 |
|
302,997 |
|
|
|
250,000 |
|
|
|
3.000 |
|
|
06/01/2022 |
|
258,415 |
|
|
|
200,000 |
|
|
|
3.000 |
|
|
06/01/2023 |
|
211,116 |
|
|
|
225,000 |
|
|
|
3.000 |
|
|
06/01/2024 |
|
241,720 |
|
|
|
280,000 |
|
|
|
3.000 |
|
|
06/01/2025 |
|
306,009 |
| King County Junior Lien Sewer RB Refunding Series 2020 A
(AA/Aa2)(a)(b) |
|
|
|
15,845,000 |
|
|
|
0.625 |
|
|
01/01/2024 |
|
15,890,000 |
| King County Junior Lien Sewer RB Series 2012 (AA/Aa2)(a)(b) |
|
|
|
11,600,000 |
|
|
|
2.600 |
|
|
12/01/2021 |
|
11,644,312 |
| King County School District No. 405 GO Bonds Series 2011 (SCH BD GTY)
(AA+/Aaa)(d) |
|
|
|
5,010,000 |
|
|
|
5.000 |
|
|
06/01/2021 |
|
5,108,446 |
| King County Sewer RB Series 2014 A (AGM) (AA+/Aa1) |
|
|
|
29,000,000 |
|
|
|
5.000 |
|
|
01/01/2047 |
|
33,090,740 |
| Port of Seattle GO Refunding Bonds Series 2015 (AAA/Aaa) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
06/01/2027 |
|
5,781,900 |
| State of Washington GO Bonds Various Purpose Series 2011 B (AA+/Aaa)(d) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
02/01/2021 |
|
5,017,700 |
| University of Washington RB Series 2019 A (AA+/Aaa)(a)(b) |
|
|
|
15,000,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
15,588,600 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 A-1 (BBB+/Baa1) |
|
|
|
1,300,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
1,540,123 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 A-2 (BBB+/Baa1) |
|
|
|
3,260,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
3,862,155 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 B-1
(BBB+/Baa1)(a)(b) |
|
|
|
12,295,000 |
|
|
|
5.000 |
|
|
08/01/2024 |
|
13,920,153 |
| Washington Health Care Facilities Authority RB Refunding for CommonSpirit Health
Obligated Group Series 2019 B-2
(BBB+/Baa1)(a)(b) |
|
|
|
9,165,000 |
|
|
|
5.000 |
|
|
08/01/2025 |
|
10,737,439 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Washington – (continued) |
| Washington State Local Agency Real and Personal Property COPS
Series 2019 D
(NR/Aa1) |
| $ |
|
|
3,935,000 |
|
|
|
5.000 |
% |
|
07/01/2024 |
|
$ 4,580,143 |
| Washington State Motor Vehicle Fuel Tax GO Bonds for SR 520 Corridor Program Toll
Revenue Series 2012 C (AA+/Aaa) |
|
|
|
1,685,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
1,716,712 |
| Washington State Motor Vehicle Fuel Tax GO Refunding Bonds Series R-2013 B
(AA+/Aaa) |
|
|
|
5,000,000 |
|
|
|
5.000 |
|
|
07/01/2024 |
|
5,357,100 |
| Washington State Various Purpose GO Bonds Series 2011 B (AA+/Aaa)(d) |
|
|
|
10,000,000 |
|
|
|
5.250 |
|
|
02/01/2021 |
|
10,037,300 |
| Washington State Various Purpose GO Refunding Bonds Series R-2013C
(AA+/Aaa) |
|
|
|
6,500,000 |
|
|
|
5.000 |
|
|
07/01/2025 |
|
7,270,965 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
158,095,991 |
| |
| West Virginia – 0.7% |
| State of West Virginia GO Bonds for State Road Series 2019 A
(AA-/Aa2) |
|
|
|
7,830,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
8,726,065 |
|
|
|
8,640,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
10,433,837 |
|
|
|
8,860,000 |
|
|
|
5.000 |
|
|
12/01/2025 |
|
10,902,673 |
| West Virginia Economic Development Authority RB for Appalachian Power Co. Project
Series 2009 A (A-/Baa1)(a)(b) |
|
|
|
2,900,000 |
|
|
|
2.625 |
|
|
06/01/2022 |
|
2,989,726 |
| West Virginia Economic Development Authority RB for Appalachian Power Co. Project
Series 2011 A (AMT) (A-/Baa1)(a)(b) |
|
|
|
5,650,000 |
|
|
|
1.000 |
|
|
09/01/2025 |
|
5,750,400 |
| West Virginia Economic Development Authority RB Refunding for Appalachian Power Co.
Series 2010 A (A-/Baa1)(a)(b) |
|
|
|
4,645,000 |
|
|
|
0.625 |
|
|
12/15/2025 |
|
4,649,181 |
| West Virginia Hospital Finance Authority RB Refunding for Cabell Huntington
Hospital Obligated Group Series 2018 A (BBB+/Baa1) |
|
|
|
570,000 |
|
|
|
5.000 |
|
|
01/01/2021 |
|
570,000 |
|
|
|
540,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
561,584 |
|
|
|
550,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
594,495 |
| West Virginia University RB Refunding Series 2020 A (AA-/Aa3) |
|
|
|
8,895,000 |
|
|
|
1.365 |
|
|
10/01/2022 |
|
9,013,303 |
|
|
|
10,495,000 |
|
|
|
1.391 |
|
|
10/01/2023 |
|
10,684,435 |
|
|
|
19,755,000 |
|
|
|
1.449 |
|
|
10/01/2024 |
|
20,180,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
85,056,024 |
| |
| Wisconsin – 1.9% |
| City of Milwaukee GO Refunding Bonds Series 2017 (A/NR) |
|
|
|
6,045,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
6,652,281 |
| City of Milwaukee GO Refunding Bonds Series 2018 (A/NR) |
|
|
|
12,770,000 |
|
|
|
5.000 |
|
|
02/01/2023 |
|
13,958,887 |
| County of Dane GO Bonds Series 2019 A (AAA/NR) |
|
|
|
2,165,000 |
|
|
|
2.000 |
|
|
06/01/2022 |
|
2,217,501 |
| County of Dane GO Bonds Series 2020 A (AAA/NR) |
|
|
|
5,930,000 |
|
|
|
0.050 |
|
|
04/01/2021 |
|
5,927,865 |
|
|
|
5,935,000 |
|
|
|
0.050 |
|
|
04/01/2022 |
|
5,919,569 |
|
|
|
5,935,000 |
|
|
|
0.050 |
|
|
04/01/2023 |
|
5,893,633 |
|
|
|
4,950,000 |
|
|
|
2.000 |
|
|
04/01/2024 |
|
5,205,816 |
|
|
|
3,290,000 |
|
|
|
2.000 |
|
|
04/01/2026 |
|
3,554,450 |
| Public Finance Authority RB for Beyond Boone LLC Series 2020 A (AGM)
(AA/A2) |
|
|
|
160,000 |
|
|
|
4.000 |
|
|
07/01/2024 |
|
175,983 |
|
|
|
265,000 |
|
|
|
4.000 |
|
|
07/01/2025 |
|
298,334 |
| |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Wisconsin – (continued) |
| Public Finance Authority RB Refunding for Blue Ridge Healthcare Obligated Group
Series 2020 A (A/A3) |
| $ |
|
|
200,000 |
|
|
|
5.000 |
% |
|
01/01/2021 |
|
$ 200,000 |
|
|
|
200,000 |
|
|
|
5.000 |
|
|
01/01/2022 |
|
208,500 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2023 |
|
325,809 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2024 |
|
338,280 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
01/01/2025 |
|
350,142 |
| Public Finance Authority RB Refunding for Fellowship Senior Living Obligated Group
Series 2019 A (BBB+/NR) |
|
|
|
1,925,000 |
|
|
|
4.000 |
|
|
01/01/2026 |
|
2,080,290 |
|
|
|
2,000,000 |
|
|
|
4.000 |
|
|
01/01/2027 |
|
2,179,840 |
|
|
|
1,720,000 |
|
|
|
4.000 |
|
|
01/01/2028 |
|
1,843,410 |
|
|
|
1,790,000 |
|
|
|
4.000 |
|
|
01/01/2029 |
|
1,921,583 |
| Public Finance Authority RB Refunding for Renown Regional Medical Center Series
2020 A (A+/NR) |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
319,146 |
|
|
|
325,000 |
|
|
|
5.000 |
|
|
06/01/2023 |
|
360,282 |
|
|
|
350,000 |
|
|
|
5.000 |
|
|
06/01/2024 |
|
402,164 |
|
|
|
375,000 |
|
|
|
5.000 |
|
|
06/01/2025 |
|
446,317 |
|
|
|
300,000 |
|
|
|
5.000 |
|
|
06/01/2026 |
|
367,695 |
| Public Finance Authority RB Refunding for Waste Management, Inc. Series 2016 (AMT)
(A-/NR)(a)(b) |
|
|
|
7,000,000 |
|
|
|
2.000 |
|
|
06/01/2021 |
|
7,038,220 |
| Public Finance Authority Tax Increment Reinvestment Zone No. 11 Tax Allocation
Series 2019 (NR/Baa3)(f) |
|
|
|
14,465,000 |
|
|
|
0.000 |
|
|
12/15/2027 |
|
10,913,264 |
| State of Wisconsin Environmental Improvement Fund RB Series 2018 A
(AAA/NR) |
|
|
|
7,905,000 |
|
|
|
5.000 |
|
|
06/01/2022 |
|
8,444,279 |
| State of Wisconsin GO Unlimited Bonds Series 2011 B (AA/Aa1)(d) |
|
|
|
7,195,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
7,308,753 |
| State of Wisconsin GO Unlimited Bonds Series 2014 A (AA/Aa1)(d) |
|
|
|
11,145,000 |
|
|
|
5.000 |
|
|
05/01/2022 |
|
11,858,726 |
| State of Wisconsin GO Unlimited Refunding Bonds Series 2017 (AA/Aa1) |
|
|
|
5,420,000 |
|
|
|
5.000 |
|
|
11/01/2021 |
|
5,636,854 |
| Western Technical College District GO Refunding Bonds Series 2017 G
(AA+/NR) |
|
|
|
1,685,000 |
|
|
|
5.000 |
|
|
04/01/2023 |
|
1,863,054 |
| Wisconsin Health & Educational Facilities Authority RB for Hmong American Peace
Academy Ltd. Series 2020 (BBB/NR) |
|
|
|
115,000 |
|
|
|
4.000 |
|
|
03/15/2022 |
|
119,028 |
|
|
|
115,000 |
|
|
|
4.000 |
|
|
03/15/2023 |
|
121,023 |
|
|
|
120,000 |
|
|
|
4.000 |
|
|
03/15/2024 |
|
128,923 |
|
|
|
125,000 |
|
|
|
4.000 |
|
|
03/15/2025 |
|
137,101 |
| Wisconsin Health & Educational Facilities Authority RB Refunding for Advocate
Aurora Health Obligated Group Series 2018 C-4
(AA/Aa3)(a) |
|
|
|
(SIFMA Municipal Swap
Index Yield + 0.65%), |
|
|
|
|
|
4,000,000 |
|
|
|
0.740 |
|
|
07/31/2024 |
|
4,018,560 |
| Wisconsin Health & Educational Facilities Authority RB Refunding for Ascension
Health Credit Group Series 2019 A (AA+/Aa2) |
|
|
|
1,875,000 |
|
|
|
5.000 |
|
|
11/15/2021 |
|
1,949,400 |
|
|
|
930,000 |
|
|
|
5.000 |
|
|
11/15/2022 |
|
1,010,510 |
|
|
|
4,455,000 |
|
|
|
5.000 |
|
|
11/15/2023 |
|
5,058,252 |
| Wisconsin Health & Educational Facilities Authority RB Refunding for Lawrence
University of Wisconsin Series 2020 (NR/Baa1) |
|
|
|
425,000 |
|
|
|
4.000 |
|
|
02/01/2021 |
|
425,735 |
|
|
|
285,000 |
|
|
|
4.000 |
|
|
02/01/2022 |
|
292,271 |
|
|
|
290,000 |
|
|
|
4.000 |
|
|
02/01/2023 |
|
304,558 |
| Wisconsin Health & Educational Facilities Authority RB Refunding for Marshfield
Clinic Health System Obligated Group Series 2020 B-1 (A-/NR)(a)(b) |
|
|
|
8,500,000 |
|
|
|
5.000 |
|
|
02/15/2025 |
|
9,779,250 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount |
|
|
Interest
Rate |
|
|
Maturity
Date |
|
Value |
|
| Municipal Bonds – (continued) |
| Wisconsin – (continued) |
| Wisconsin State GO Bonds Series 2014 B (AA/Aa1) |
| $ |
|
|
2,575,000 |
|
|
|
5.000 |
% |
|
05/01/2021 |
|
$ 2,615,376 |
| Wisconsin State GO Bonds Series 2015 A (AA/Aa1)(d) |
|
|
|
40,860,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
45,381,567 |
| Wisconsin State GO Bonds Series 2018 A (AA/Aa1) |
|
|
|
16,090,000 |
|
|
|
5.000 |
|
|
05/01/2021 |
|
16,342,291 |
|
|
|
9,495,000 |
|
|
|
5.000 |
|
|
05/01/2023 |
|
10,553,883 |
| Wisconsin State GO Refunding Bonds Series 2016 2 (AA/Aa1) |
|
|
|
4,210,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
4,970,494 |
| Wisconsin State GO Refunding Bonds Series 2017 2 (AA/Aa1) |
|
|
|
4,405,000 |
|
|
|
5.000 |
|
|
11/01/2024 |
|
5,200,719 |
| Wisconsin State RB Refunding Series 2020 A (AA/Aa2) |
|
|
|
775,000 |
|
|
|
1.720 |
|
|
05/01/2022 |
|
788,377 |
|
|
|
820,000 |
|
|
|
1.749 |
|
|
05/01/2023 |
|
844,444 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
224,252,689 |
| |
| TOTAL MUNICIPAL BONDS
(Cost $10,530,158,055) |
|
$10,740,131,383 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate Bonds – 0.2% |
| Consumer Services – 0.1% |
| Emory University Series 2020 |
| $ |
|
|
9,000,000 |
|
|
|
1.566 |
% |
|
09/01/2025 |
|
$ 9,349,186 |
| Howard University Series 2020 |
|
|
|
1,000,000 |
|
|
|
2.638 |
|
|
10/01/2021 |
|
1,008,699 |
|
|
|
1,500,000 |
|
|
|
2.738 |
|
|
10/01/2022 |
|
1,545,369 |
|
|
|
1,500,000 |
|
|
|
2.801 |
|
|
10/01/2023 |
|
1,557,355 |
|
|
|
2,030,000 |
|
|
|
2.416 |
|
|
10/01/2024 |
|
2,104,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,565,344 |
| |
| Media & Entertainment – 0.1% |
| Smithsonian Institution |
|
|
|
740,000 |
|
|
|
0.845 |
|
|
09/01/2021 |
|
741,042 |
|
|
|
825,000 |
|
|
|
0.895 |
|
|
09/01/2022 |
|
827,968 |
|
|
|
800,000 |
|
|
|
0.974 |
|
|
09/01/2023 |
|
808,667 |
|
|
|
1,000,000 |
|
|
|
1.118 |
|
|
09/01/2024 |
|
1,012,831 |
|
|
|
1,000,000 |
|
|
|
1.218 |
|
|
09/01/2025 |
|
1,020,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,410,641 |
| |
| TOTAL CORPORATE BONDS
(Cost $19,651,790) |
|
$ 19,975,985 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations – 2.6% |
| U.S. Treasury Notes |
| $ |
|
|
50,000,000 |
|
|
|
0.250 |
% |
|
07/31/2025 |
|
$ 49,847,656 |
|
|
|
100,000,000 |
|
|
|
0.375 |
|
|
11/30/2025 |
|
100,132,813 |
|
|
|
50,000,000 |
|
|
|
0.375 |
|
|
07/31/2027 |
|
49,320,313 |
|
|
|
100,000,000 |
|
|
|
0.625 |
|
|
11/30/2027 |
|
99,937,500 |
| |
| TOTAL U.S. TREASURY OBLIGATIONS
(Cost $299,393,680) |
|
$ 299,238,282 |
| |
| TOTAL INVESTMENTS – 96.2% (Cost
$10,849,203,525) |
|
$11,059,345,650 |
| |
OTHER ASSETS IN EXCESS OF
LIABILITIES – 3.8% |
|
441,411,510 |
| |
| NET ASSETS – 100.0% |
|
$11,500,757,160 |
| |
|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
|
|
|
|
|
| * |
|
Security is currently in default and/or non-income producing. |
|
|
| (a) |
|
Security with “Put” features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on December 31, 2020. |
|
|
| (b) |
|
Variable Rate Demand Instruments – rate shown is that which is in effect on December 31, 2020. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent
and are based on current market conditions. |
|
|
| (c) |
|
Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on December 31,
2020. |
|
|
| (d) |
|
Pre-refunded security. Maturity date disclosed is pre-refunding date. |
|
|
| (e) |
|
Exempt from registration under Rule 144A of the Securities Act of 1933. |
|
|
| (f) |
|
Issued with a zero coupon. Income is recognized through the accretion of discount. |
|
|
| (g) |
|
Zero coupon bond until next reset date. |
|
|
| (h) |
|
When-issued security. |
|
| Security ratings disclosed, if any, are issued by either Standard & Poor’s, Moody’s Investor Service or Fitch and are unaudited. A brief description of the ratings is available in the Fund’s
Statement of Additional Information. |
|
|
|
| |
| Investment Abbreviations: |
| AGM |
|
— Insured by Assured Guaranty Municipal Corp. |
| AGM-CR |
|
— Insured by Assured Guaranty Municipal Corp. Insured Custodial
Receipts |
| AMBAC |
|
— Insured by American Municipal Bond Assurance Corp. |
| AMT |
|
— Alternative Minimum Tax |
| BAM |
|
— Build America Mutual Assurance Co. |
| BHAC-CR |
|
— Insured by Berkshire Hathaway Assurance Corp. - Insured Custodial
Receipts |
| COMWLTH GTD |
|
— Commonwealth Guaranteed |
| COPS |
|
— Certificates of Participation |
| ETM |
|
— Escrowed to Maturity |
| FGIC |
|
— Insured by Financial Guaranty Insurance Co. |
| FHLMC |
|
— Federal Home Loan Mortgage Corp. |
| FNMA |
|
— Federal National Mortgage Association |
| GNMA |
|
— Government National Mortgage Association |
| GO |
|
— General Obligation |
| IDA |
|
— Industrial Development Authority |
| LIBOR |
|
— London Interbank Offered Rate |
| Mo. |
|
— Month |
| MUN GOVT GTD |
|
— Municipal Government Guaranteed |
| MUNI-CPI |
|
— Municipal Consumer Price Index |
| NATL-RE |
|
— Insured by National Public Finance Guarantee Corp. |
| NR |
|
— Not Rated |
| PCRB |
|
— Pollution Control Revenue Bond |
| PILOT |
|
— Payment in Lieu of Taxes |
| PSF-GTD |
|
— Guaranteed by Permanent School Fund |
| Q-SBLF |
|
— Qualified School Board Loan Fund |
| RB |
|
— Revenue Bond |
| RMKT |
|
— Remarketed |
| SCH BD GTY |
|
— School Bond Guaranty |
| SCH BD RES FD |
|
— School Bond Reserve Fund |
| SCSDE |
|
— South Carolina State Department of Education |
| SD CRED PROG |
|
— School District Credit Program |
| SIFMA |
|
— The Securities Industry and Financial Markets Association |
| ST AID WITHHLDG |
|
— State Aid Withholding |
| ST APPROP |
|
— State Appropriation |
| USD |
|
— United States Dollar |
| WR |
|
— Withdrawn Rating |
| |
|
| 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.GSAMFUNDS.com. |
GOLDMAN SACHS SHORT DURATION TAX-FREE FUND
Schedule of Investments (continued)
December 31, 2020 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION
SWAP CONTRACTS — At December 31, 2020, the Fund had the following swap contracts:
OVER THE COUNTER CREDIT DEFAULT SWAP CONTRACTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reference
Obligation/Index(a) |
|
Financing Rate
Received (Paid)
by the Fund |
|
|
Credit Spread at
December 31, 2020(b) |
|
|
Counterparty |
|
Termination
Date |
|
|
Notional
Amount
(000’s) |
|
|
Value |
|
|
Upfront
Premium
(Received)
Paid |
|
|
Unrealized
Appreciation/
(Depreciation) |
|
| |
|
| Protection Sold: |
|
|
|
|
| California State Various Purpose GO Bonds Series 2003, 5.000%, 11/01/2023 |
|
|
1.000 |
% |
|
|
0.302% |
|
|
Bank of America NA |
|
|
03/20/2023 |
|
|
USD |
5,000 |
|
|
$ |
78,865 |
|
|
$ |
(54,922 |
) |
|
$ |
133,787 |
|
| California State Various Purpose GO Bonds Series 2003, 5.250%, 02/01/2021 |
|
|
1.000 |
|
|
|
0.302 |
|
|
JPMorgan Chase Bank NA |
|
|
03/20/2023 |
|
|
|
10,000 |
|
|
|
157,729 |
|
|
|
(109,844 |
) |
|
|
267,573 |
|
| |
|
| TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
236,594 |
|
|
$ |
(164,766 |
) |
|
$ |
401,360 |
|
| |
|
| (a) |
|
Payments received quarterly. |
| (b) |
|
Credit spread on the referenced obligation, together with the period of expiration, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its counterparty
to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and term of the swap contract increase. |
GOLDMAN SACHS MUNICIPAL FUNDS
Schedule of Investments
(continued)
December 31, 2020 (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 accounting principles generally accepted in the United States of America (“GAAP”) defines
the fair value of a financial instrument as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price); the Funds’
policy is to use the market approach. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for
identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined
based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three
levels of the fair value hierarchy are described below:
Level 1 — Unadjusted quoted prices in active markets that are accessible at
the measurement date for identical, unrestricted assets or liabilities;
Level 2 — Quoted prices in markets that are not active or
financial instruments for which significant inputs are observable (including, but not limited to, quoted prices for similar investments, interest rates, foreign exchange rates, volatility and credit spreads), either directly or indirectly;
Level 3 — Prices or valuations that require significant unobservable inputs (including Goldman Sachs Asset Management, L.P.
(“GSAM”)’s assumptions in determining fair value measurement).
The Board of Trustees (“Trustees”) has approved Valuation
Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. 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’ 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:
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. With the exception of treasury securities of G7 countries, which are
generally classified as Level 1, these investments are generally classified as Level 2 of the fair value hierarchy.
i. When-Issued
Securities and Forward Commitments — When-issued securities, including TBA (“To Be Announced”) securities, are securities that are authorized but not yet issued in the market and purchased in order to secure what is considered to
be an advantageous price or yield to a Fund. A forward commitment involves entering into a contract to purchase or sell securities, typically on an extended settlement basis, for a fixed price at a future date. The purchase of securities on a
when-issued or forward commitment basis involves a risk of loss if the value of the security to be purchased declines before the settlement date. Conversely, the sale of securities on a forward commitment basis involves the risk that the value of
the securities sold may increase before the settlement date. Although a Fund will generally purchase securities on a when-issued or forward commitment basis with the intention of acquiring the securities for its portfolio, the Fund may dispose of
when-issued securities or forward commitments prior to settlement, which may result in a realized gain or loss. For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if
any, is reported separately on the Statements of Assets and Liabilities as receivables/payables for collateral on other investments. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments.
Derivative Contracts — A derivative is an instrument whose value is derived from underlying assets, indices, reference rates or a combination of
these factors. A Fund enters into derivative transactions to hedge against changes in interest rates, securities prices, and/or currency exchange rates, to increase total return, or to gain access to certain markets or attain exposure to other
underliers. For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if any, is reported separately on the Statements of Assets and Liabilities as receivables/payables for
collateral on certain derivatives contracts. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments.
GOLDMAN SACHS MUNICIPAL FUNDS
Schedule of Investments
(continued)
December 31, 2020 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
Exchange-traded derivatives, including futures and options contracts, are generally valued at the last sale or settlement price on the exchange
where they are principally traded. Exchange-traded options without settlement prices are generally valued at the midpoint of the bid and ask prices on the exchange where they are principally traded (or, in the absence of two-way trading, at the last
bid price for long positions and the last ask price for short positions). Exchange-traded derivatives typically fall within Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) and centrally cleared derivatives are valued using
market transactions and other market evidence, including market-based inputs to models, calibration to market-clearing transactions, broker or dealer quotations, or other alternative pricing sources. Where models are used, the selection of a
particular model to value OTC and centrally cleared derivatives depends upon the contractual terms of, and specific risks inherent in, the instrument, as well as the availability of pricing information in the market. Valuation models require a
variety of inputs, including contractual terms, market prices, yield curves, credit curves, measures of volatility, voluntary and involuntary prepayment rates, loss severity rates and correlations of such inputs. For OTC and centrally cleared
derivatives that trade in liquid markets, model inputs can generally be verified and model selection does not involve significant management judgment. OTC and centrally cleared derivatives are classified within Level 2 of the fair value hierarchy
when significant inputs are corroborated by market evidence.
i. Swap Contracts — Bilateral swap contracts are agreements in
which a Fund and a counterparty agree to exchange periodic payments on a specified notional amount or make a net payment upon termination. Bilateral swap transactions are privately negotiated in the OTC market and payments are settled through direct
payments between a Fund and the counterparty. By contrast, certain swap transactions are subject to mandatory central clearing. These swaps are executed through a derivatives clearing member (“DCM”), acting in an agency capacity, and
submitted to a central counterparty (“CCP”) (“centrally cleared swaps”), in which case all payments are settled with the CCP through the DCM. Swaps are marked-to-market daily using pricing vendor quotations, counterparty or
clearinghouse prices or model prices, and the change in value, if any, is recorded as an unrealized gain or loss. Upon entering into a swap contract, a Fund is required to satisfy an initial margin requirement by delivering cash or securities to the
counterparty (or in some cases, segregated in a triparty account on behalf of the counterparty), which can be adjusted by any mark-to-market gains or losses pursuant to bilateral or centrally cleared arrangements. For centrally cleared swaps the
daily change in valuation, if any, is recorded as a receivable or payable for variation margin.
An interest rate
swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals, based upon or calculated by reference to changes in interest rates on a specified notional principal amount. The payment flows are usually
netted against each other, with the difference being paid by one party to the other.
A credit default swap is an
agreement that involves one party (the buyer of protection) making a stream of payments to another party (the seller of protection) in exchange for the right to receive protection on a reference security or obligation, including a group of assets or
exposure to the performance of an index. A Fund’s investment in credit default swaps may involve greater risks than if the Fund had invested in the referenced obligation directly. Credit events are contract specific but may include bankruptcy,
failure to pay, restructuring and obligation acceleration. If a Fund buys protection through a credit default swap and no credit event occurs, its payments are limited to the periodic payments previously made to the counterparty. Upon the occurrence
of a specified credit event, a Fund, as a buyer of credit protection, is entitled to receive an amount equal to the notional amount of the swap and deliver to the seller the defaulted reference obligation in a physically settled trade. A Fund may
also receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade.
As a seller of protection, a Fund generally receives a payment stream throughout the term of the swap, provided that there is no
credit event. In addition, if a Fund sells protection through a credit default swap, a Fund could suffer a loss because the value of the referenced obligation and the premium payments received may be less than the notional amount of the swap paid to
the buyer of protection. Upon the occurrence of a specified credit event, a Fund, as a seller of credit protection, may be required to take possession of the defaulted reference obligation and pay the buyer an amount equal to the notional amount of
the swap in a physically settled trade. A Fund may also pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade.
Recovery values are at times established through the credit event auction process in which market participants are ensured that a transparent price has been set for the defaulted security or obligation. In addition, a Fund is entitled to a return of
any assets, which have been pledged as collateral to the counterparty upon settlement.
The maximum potential amount of
future payments (undiscounted) that a Fund as seller of protection could be required to make under a credit default swap would be an amount equal to the notional amount of the agreement. These potential amounts would be partially offset by any
recovery values of the respective referenced obligations or net amounts received from a settlement of a credit default swap for the same reference security or obligation where a Fund bought credit protection.
B. Level 3 Fair Value Investments — To the extent that significant inputs to valuation models and other alternative pricing sources are
unobservable, or if quotations are not readily available, or if GSAM believes that such quotations do not accurately reflect fair value, the fair value of a Fund’s investments may be determined under Valuation Procedures approved by the
Trustees. GSAM, consistent with its procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be
the fair value of the securities at the time of determining a Fund’s NAV. To the extent investments are valued using single source broker quotations obtained directly from the broker or passed through from third party pricing vendors, such
investments are classified as Level 3 investments.
GOLDMAN SACHS MUNICIPAL FUNDS
Schedule of Investments
(continued)
December 31, 2020 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
C. Fair Value Hierarchy — The following is a summary of the Funds’ investments and derivatives classified in the fair value hierarchy as of
December 31, 2020:
|
|
|
|
|
|
|
|
|
|
|
|
|
| DYNAMIC MUNICIPAL INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Type |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
|
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Debt Obligations |
|
$ |
— |
|
|
$ |
8,462,155,389 |
|
|
$ |
— |
|
| Corporate Bonds |
|
|
— |
|
|
|
12,933,538 |
|
|
|
5,730,460 |
|
|
|
|
|
| Total |
|
$ |
— |
|
|
$ |
8,475,088,927 |
|
|
$ |
5,730,460 |
|
|
|
|
|
| Derivative Type |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets(a) |
|
|
|
|
|
|
|
|
|
|
|
|
| Credit Default Swap Contracts |
|
$ |
— |
|
|
$ |
53,515 |
|
|
|
— |
|
|
|
|
|
| HIGH YIELD MUNICIPAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Type |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
| Assets |
|
| Fixed Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Debt Obligations |
|
$ |
— |
|
|
$ |
9,349,078,137 |
|
|
$ |
— |
|
| Corporate Bonds |
|
|
— |
|
|
|
21,428,228 |
|
|
|
11,967,562 |
|
|
|
|
|
| Total |
|
$ |
— |
|
|
$ |
9,370,506,365 |
|
|
$ |
11,967,562 |
|
|
|
|
|
| Derivative Type |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets(a) |
|
|
|
|
|
|
|
|
|
|
|
|
| Credit Default Swap Contracts |
|
$ |
— |
|
|
$ |
1,174,695 |
|
|
$ |
— |
|
|
|
|
|
| Liabilities(a) |
|
|
|
|
|
|
|
|
|
|
|
|
| Credit Default Swap Contracts |
|
$ |
— |
|
|
$ |
(212,620 |
) |
|
$ |
— |
|
|
|
|
|
| MUNICIPAL INCOME COMPLETION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Type |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
| Assets |
|
| Fixed Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Debt Obligations |
|
$ |
— |
|
|
$ |
62,563,823 |
|
|
$ |
— |
|
| Corporate Bond |
|
|
— |
|
|
|
— |
|
|
|
98,377 |
|
|
|
|
|
| Total |
|
$ |
— |
|
|
$ |
62,563,823 |
|
|
$ |
98,377 |
|
|
|
|
|
| SHORT DURATION TAX-FREE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Type |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
| Assets |
|
| Fixed Income |
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Debt Obligations |
|
$ |
— |
|
|
$ |
10,740,131,383 |
|
|
$ |
— |
|
| Corporate Bonds |
|
|
— |
|
|
|
19,975,985 |
|
|
|
— |
|
| U.S. Treasury Obligations |
|
|
299,238,282 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
| Total |
|
$ |
299,238,282 |
|
|
$ |
10,760,107,368 |
|
|
$ |
— |
|
|
|
|
|
| Derivative Type |
|
|
|
|
|
|
|
|
|
|
| Assets(a) |
|
| Credit Default Swap Contracts |
|
$ |
— |
|
|
$ |
401,360 |
|
|
$ |
— |
|
| (a) |
|
Amount shown represents unrealized gain (loss) at period end. |
For further information regarding security
characteristics, see the Schedules of Investments.
GOLDMAN SACHS MUNICIPAL FUNDS
Schedule of Investments
(continued)
December 31, 2020 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
The Funds’ risks include, but are not limited to, the following:
Derivatives Risk — The Funds’ use of derivatives may result in loss. Derivative instruments, which may pose risks in addition to and greater
than those associated with investing directly in securities, currencies or other instruments, may be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of the underlying instruments may produce
disproportionate losses to the Funds. Derivatives are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. The use of derivatives is a highly specialized activity
that involves investment techniques and risks different from those associated with investments in more traditional securities and instruments. Losses from derivatives can also result from a lack of correlation between changes in the value of
derivative instruments and the portfolio assets (if any) being hedged.
Floating and Variable Rate Obligations Risk — Floating rate and
variable rate obligations are debt instruments issued by companies or other entities with interest rates that reset periodically (typically, daily, monthly, quarterly, or semiannually) in response to changes in the market rate of interest on which
the interest rate is based. For floating and variable rate obligations, there may be a lag between an actual change in the underlying interest rate benchmark and the reset time for an interest payment of such an obligation, which could harm or
benefit a Fund, depending on the interest rate environment or other circumstances. In a rising interest rate environment, for example, a floating or variable rate obligation that does not reset immediately would prevent a Fund from taking full
advantage of rising interest rates in a timely manner. However, in a declining interest rate environment, a Fund may benefit from a lag due to an obligation’s interest rate payment not being immediately impacted by a decline in interest rates.
In 2017, the United Kingdom’s Financial Conduct Authority (“FCA”) warned that LIBOR may cease to be available or appropriate for use by 2021. The unavailability or replacement of LIBOR may affect the value, liquidity or return on
certain Fund investments and may result in costs incurred in connection with closing out positions and entering into new trades. Any pricing adjustments to a Fund’s investments resulting from a substitute reference rate may also adversely
affect the Fund’s performance and/or NAV.
Interest Rate Risk — When interest rates increase, fixed income securities or instruments held
by a Fund will generally decline in value. Long-term fixed income securities or instruments will normally have more price volatility because of this risk than short-term fixed income securities or instruments. The risks associated with changing
interest rates may have unpredictable effects on the markets and a Fund’s investments. Fluctuations in interest rates may also affect the liquidity of fixed income securities and instruments held by the Funds.
Large Shareholder Transactions Risk — A Fund may experience adverse effects when certain large shareholders, such as other funds, institutional
investors (including those trading by use of non-discretionary mathematical formulas), financial intermediaries (who may make investment decisions on behalf of underlying clients and/or include a Fund in their investment model), individuals,
accounts and Goldman Sachs affiliates, purchase or redeem large amounts of shares of a Fund. Such large shareholder redemptions, which may occur rapidly or unexpectedly, may cause a Fund to sell portfolio securities at times when it would not
otherwise do so, which may negatively impact a Fund’s NAV and liquidity. These transactions may also accelerate the realization of taxable income to shareholders if such sales of investments resulted in gains, and may also increase transaction
costs. In addition, a large redemption could result in a Fund’s current expenses being allocated over a smaller asset base, leading to an increase in the Fund’s expense ratio. Similarly, large Fund share purchases may adversely affect a
Fund’s performance to the extent that the Fund is delayed in investing new cash or otherwise maintains a larger cash position than it ordinarily would.
GOLDMAN SACHS MUNICIPAL FUNDS
Schedule of Investments
(continued)
December 31, 2020 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
Liquidity Risk — A Fund 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 or without significant dilution to remaining
investors’ interests 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. If a Fund is forced to sell securities at an unfavorable time and/or under unfavorable conditions, such sales may adversely affect the Fund’s NAV and dilute remaining investors’ interests. Liquidity risk may be the result of,
among other things, the reduced number and capacity of traditional market participants to make a market in fixed income securities or the lack of an active market. The potential for liquidity risk may be magnified by a rising interest rate
environment or other circumstances where investor redemptions from fixed income mutual funds may be higher than normal, potentially causing increased supply in the market due to selling activity. Redemptions by large shareholders may have a negative
impact on a Fund’s liquidity.
Market and Credit Risks — In the normal course of business, a Fund trades financial instruments and enters
into financial transactions where risk of potential loss exists due to changes in the market (market risk). The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular
sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. Events such as war, acts of terrorism, social unrest, natural disasters, the spread of
infectious illness or other public health threats could also significantly impact a Fund and its investments. Additionally, a Fund may also be exposed to credit risk in the event that an issuer or guarantor fails to perform or that an institution or
entity with which the Fund has unsettled or open transactions defaults.
Municipal Securities Risk— Municipal securities are subject to
credit/default risk, interest rate risk and certain additional risks. A Fund may be more sensitive to adverse economic, business or political developments if it invests a substantial portion of its assets in the bonds of similar projects (such as
those relating to education, health care, housing, transportation, and utilities), industrial development bonds, or in particular types of municipal securities (such as general obligation bonds, private activity bonds and moral obligation bonds).
State/Territory Specific Risk — A Fund’s investments in municipal obligations of issuers located in a particular state or U.S. territory
may be adversely affected by political, economic and regulatory developments within that state or U.S. territory. Such developments may affect the financial condition of a state’s or territory’s political subdivisions, agencies,
instrumentalities and public authorities and heighten the risks associated with investing in bonds issued by such parties, which could, in turn, adversely affect a Fund’s income, NAV, liquidity, and/or ability to preserve or realize capital
appreciation.
Tax Risk — The Funds may be adversely impacted by changes in tax rates and policies. Because interest income from municipal
securities is normally not subject to regular federal income taxation, the attractiveness of municipal securities in relation to other investment alternatives is affected by changes in federal and state income tax rates or changes in the tax-exempt
status of interest income from municipal securities. Any proposed or actual changes in such rates or exempt status, therefore, can significantly affect the demand for and supply, liquidity and marketability of municipal securities. This could in
turn affect a Fund’s net asset value and ability to acquire and dispose of municipal securities at desirable yield and price levels. Additionally, these Funds would not be a suitable investment for IRAs, other tax-exempt or tax-deferred
accounts or for other investors who are not sensitive to the federal, state or local income tax consequences of their investments.