GOLDMAN SACHS LARGE CAP GROWTH INSIGHTS FUND

Schedule of Investments

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – 98.5%
	Aerospace & Defense – 1.4%
	2,708	Boeing Co. (The)*	$          646,806
	31,260	Lockheed Martin Corp.	13,953,526
			14,600,332
	Air Freight & Logistics – 0.2%
	21,884	C.H. Robinson Worldwide, Inc.	2,192,339
	Automobiles – 4.0%
	164,531	General Motors Co.	6,313,055
	128,082	Tesla, Inc.*	34,252,969
			40,566,024
	Beverages – 1.8%
	107,427	Coca-Cola Co. (The)	6,652,954
	213,852	Monster Beverage Corp.*	12,294,352
			18,947,306
	Biotechnology – 4.6%
	155,857	AbbVie, Inc.	23,313,090
	146,501	Incyte Corp.*	9,335,044
	27,881	Sarepta Therapeutics, Inc.*	3,022,021
	3,298	Ultragenyx Pharmaceutical, Inc.*	142,210
	30,903	Vertex Pharmaceuticals, Inc.*	10,888,363
			46,700,728
	Broadline Retail – 5.5%
	418,293	Amazon.com, Inc.*	55,917,408
	Building Products – 0.0%
	5,215	Johnson Controls International PLC	362,703
	Capital Markets – 0.6%
	6,576	Ameriprise Financial, Inc.	2,291,407
	17,222	CME Group, Inc.	3,426,489
			5,717,896
	Chemicals – 1.3%
	49,255	Sherwin-Williams Co. (The)	13,619,008
	Commercial Services & Supplies – 1.6%
	24,821	Cintas Corp.	12,461,135
	23,156	Copart, Inc.*	2,046,759

Shares		Description	Value
	Common Stocks – (continued)
	Commercial Services & Supplies – (continued)
	12,368	Republic Services, Inc.	$       1,868,928
			16,376,822
	Communications Equipment – 1.2%
	76,150	Arista Networks, Inc.*	11,810,104
	Construction Materials – 0.6%
	27,255	Vulcan Materials Co.	6,009,728
	Consumer Finance – 0.0%
	3,850	Synchrony Financial	132,979
	Consumer Staples Distribution & Retail – 2.1%
	38,469	Costco Wholesale Corp.	21,568,414
	Distributors – 0.3%
	56,324	LKQ Corp.	3,085,992
	Diversified Consumer Services – 0.2%
	70,707	H&R Block, Inc.	2,376,462
	Electrical Equipment – 0.1%
	8,533	AMETEK, Inc.	1,353,334
	Entertainment – 1.3%
	15,962	Netflix, Inc.*	7,006,839
	63,167	ROBLOX Corp., Class A*	2,479,305
	22,936	Spotify Technology SA*	3,426,868
			12,913,012
	Financial Services – 2.0%
	13,027	Mastercard, Inc., Class A	5,136,285
	40,621	Shift4 Payments, Inc., Class A*	2,802,443
	92,355	Toast, Inc., Class A*	2,038,275
	34,163	Visa, Inc., Class A	8,121,570
	10,272	WEX, Inc.*	1,945,003
			20,043,576
	Ground Transportation – 0.7%
	144,200	Uber Technologies, Inc.*	7,132,132
	Health Care Equipment & Supplies – 2.1%
	4,438	Align Technology, Inc.*	1,677,076
	23,112	Inspire Medical Systems, Inc.*	6,651,865

GOLDMAN SACHS LARGE CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Health Care Equipment & Supplies – (continued)
	12,785	Intuitive Surgical, Inc.*	$       4,147,454
	31,174	Penumbra, Inc.*	9,456,944
			21,933,339
	Health Care Providers & Services – 1.8%
	23,039	Elevance Health, Inc.	10,865,884
	15,924	UnitedHealth Group, Inc.	8,063,436
			18,929,320
	Hotel & Resort REITs – 0.8%
	573,086	Park Hotels & Resorts, Inc. REIT	7,811,162
	Hotels, Restaurants & Leisure – 2.3%
	67,047	Airbnb, Inc., Class A*	10,203,883
	32,158	Caesars Entertainment, Inc.*	1,897,965
	64,679	Norwegian Cruise Line Holdings Ltd.*	1,427,466
	52,453	Texas Roadhouse, Inc.	5,851,132
	26,831	Wingstop, Inc.	4,523,170
			23,903,616
	Insurance – 0.8%
	3,464	Globe Life, Inc.	388,557
	16,814	Kinsale Capital Group, Inc.	6,265,401
	14,588	Progressive Corp. (The)	1,837,796
			8,491,754
	Interactive Media & Services – 9.7%
	208,472	Alphabet, Inc., Class A*	27,668,404
	369,228	Alphabet, Inc., Class C*	49,147,939
	70,077	Meta Platforms, Inc., Class A*	22,326,532
			99,142,875
	IT Services – 1.8%
	32,783	Cloudflare, Inc., Class A*	2,254,487
	24,723	Gartner, Inc.*	8,741,806
	4,143	MongoDB, Inc.*	1,754,146
	31,305	Snowflake, Inc., Class A*	5,563,211
			18,313,650
	Life Sciences Tools & Services – 2.7%
	37,032	Agilent Technologies, Inc.	4,509,387
	147,940	Bruker Corp.	10,166,437
	5,717	Medpace Holdings, Inc.*	1,447,373

Shares		Description	Value
	Common Stocks – (continued)
	Life Sciences Tools & Services – (continued)
	8,582	Mettler-Toledo International, Inc.*	$     10,791,607
	2,289	West Pharmaceutical Services, Inc.	842,443
			27,757,247
	Media – 0.9%
	98,520	Trade Desk, Inc. (The), Class A*	8,990,935
	Oil, Gas & Consumable Fuels – 0.4%
	23,167	Cheniere Energy, Inc.	3,749,811
	Personal Care Products – 0.0%
	27,942	Olaplex Holdings, Inc.*	100,591
	Pharmaceuticals – 1.6%
	15,536	Eli Lilly & Co.	7,061,889
	50,788	Zoetis, Inc.	9,552,715
			16,614,604
	Semiconductors & Semiconductor Equipment – 7.6%
	2,790	Applied Materials, Inc.	422,936
	6,436	Broadcom, Inc.	5,783,711
	20,350	KLA Corp.	10,458,883
	75,849	Microchip Technology, Inc.	7,125,255
	6,532	Monolithic Power Systems, Inc.	3,654,589
	107,873	NVIDIA Corp.	50,407,974
			77,853,348
	Software – 17.5%
	2,387	Adobe, Inc.*	1,303,708
	43,185	Autodesk, Inc.*	9,154,788
	47,950	Confluent, Inc., Class A*	1,656,193
	134,158	Fortinet, Inc.*	10,426,760
	17,604	HubSpot, Inc.*	10,220,002
	20,496	Intuit, Inc.	10,487,803
	313,422	Microsoft Corp.	105,284,718
	5,399	New Relic, Inc.*	453,408
	9,025	Palo Alto Networks, Inc.*	2,255,889
	33,420	Salesforce, Inc.*	7,519,834
	16,723	ServiceNow, Inc.*	9,749,509
	25,835	Smartsheet, Inc., Class A*	1,147,074
	79,315	Splunk, Inc.*	8,592,194
	5,575	Zscaler, Inc.*	894,119
			179,145,999

GOLDMAN SACHS LARGE CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Specialized REITs – 0.9%
	98,781	Lamar Advertising Co., Class A REIT	$       9,749,685
	Specialty Retail – 4.3%
	10,222	Burlington Stores, Inc.*	1,815,632
	48,943	CarMax, Inc.*	4,043,181
	120,368	Chewy, Inc., Class A*	4,080,475
	42,246	Five Below, Inc.*	8,801,532
	12,822	Home Depot, Inc. (The)	4,280,496
	9,639	O’Reilly Automotive, Inc.*	8,923,690
	103,508	Ross Stores, Inc.	11,866,157
			43,811,163
	Technology Hardware, Storage & Peripherals – 12.2%
	635,448	Apple, Inc.	124,833,759
	25,665	Hewlett Packard Enterprise Co.	446,058
			125,279,817
	Textiles, Apparel & Luxury Goods – 1.6%
	34,633	Crocs, Inc.*	3,752,485
	1,352	Deckers Outdoor Corp.*	735,069
	32,741	Lululemon Athletica, Inc.*	12,393,451
			16,881,005
	TOTAL INVESTMENTS – 98.5% (Cost $617,799,104)		$1,009,886,220
	OTHER ASSETS IN EXCESS OF LIABILITIES – 1.5%		15,698,722
	NET ASSETS – 100.0%		$1,025,584,942

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
*	Non-income producing security.

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

GOLDMAN SACHS LARGE CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At July 31, 2023, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date	Notional Amount		Unrealized Appreciation/ (Depreciation)
Long position contracts:
S&P 500 E-Mini Index	61	09/15/23		$14,074,225	$	806,911

GOLDMAN SACHS LARGE CAP VALUE INSIGHTS FUND

Schedule of Investments

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – 99.6%
	Aerospace & Defense – 4.0%
	22,404	Boeing Co. (The)*	$    5,351,195
	76,612	Howmet Aerospace, Inc.	3,917,938
	2,025	Lockheed Martin Corp.	903,899
	43,741	Textron, Inc.	3,401,738
			13,574,770
	Air Freight & Logistics – 0.1%
	1,906	C.H. Robinson Worldwide, Inc.	190,943
	Automobile Components – 0.4%
	9,814	Lear Corp.	1,518,815
	Automobiles – 1.4%
	116,203	General Motors Co.	4,458,709
	2,537	Thor Industries, Inc.	292,998
			4,751,707
	Banks – 5.9%
	222,794	Bank of America Corp.	7,129,408
	10,943	BOK Financial Corp.	974,802
	51,945	Citigroup, Inc.	2,475,699
	20,685	Commerce Bancshares, Inc.	1,100,028
	2,863	East West Bancorp, Inc.	178,107
	48,205	JPMorgan Chase & Co.	7,614,462
	16,546	Webster Financial Corp.	782,957
			20,255,463
	Beverages – 0.3%
	10,766	Coca-Cola Co. (The)	666,739
	4,286	Molson Coors Beverage Co., Class B	299,034
			965,773
	Biotechnology – 3.8%
	18,607	AbbVie, Inc.	2,783,235
	15,782	BioMarin Pharmaceutical, Inc.*	1,387,711
	14,362	Gilead Sciences, Inc.	1,093,523
	8,519	Incyte Corp.*	542,831
	14,531	Moderna, Inc.*	1,709,717
	7,166	United Therapeutics Corp.*	1,739,332
	10,227	Vertex Pharmaceuticals, Inc.*	3,603,381
			12,859,730

Shares		Description	Value
	Common Stocks – (continued)
	Broadline Retail – 0.0%
	91	MercadoLibre, Inc. (Brazil)*	$       112,663
	Building Products – 1.3%
	65,938	Johnson Controls International PLC	4,585,988
	Capital Markets – 5.3%
	92,344	Bank of New York Mellon Corp. (The)	4,188,724
	14,428	Blue Owl Capital, Inc.	177,753
	25,119	CME Group, Inc.	4,997,676
	3,661	Coinbase Global, Inc., Class A*	361,011
	13,945	Interactive Brokers Group, Inc., Class A	1,217,817
	350	MSCI, Inc.	191,828
	20,710	Northern Trust Corp.	1,659,285
	25,416	Robinhood Markets, Inc., Class A*	326,850
	8,357	S&P Global, Inc.	3,296,920
	23,970	Stifel Financial Corp.	1,523,054
			17,940,918
	Chemicals – 5.5%
	12,249	Axalta Coating Systems Ltd.*	391,968
	34,097	Dow, Inc.	1,925,458
	98,673	Element Solutions, Inc.	2,068,186
	2,287	International Flavors & Fragrances, Inc.	193,503
	12,708	Linde PLC	4,964,634
	40,329	Mosaic Co. (The)	1,643,810
	1,628	NewMarket Corp.	735,368
	27,670	RPM International, Inc.	2,858,588
	14,297	Sherwin-Williams Co. (The)	3,953,120
			18,734,635
	Commercial Services & Supplies – 2.0%
	5,184	Cintas Corp.	2,602,575
	27,883	Republic Services, Inc.	4,213,400
			6,815,975
	Communications Equipment – 1.3%
	4,888	Arista Networks, Inc.*	758,080
	71,065	Cisco Systems, Inc.	3,698,223
			4,456,303
	Construction Materials – 1.4%
	4,794	Martin Marietta Materials, Inc.	2,140,329

GOLDMAN SACHS LARGE CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Construction Materials – (continued)
	11,947	Vulcan Materials Co.	$    2,634,314
			4,774,643
	Consumer Finance – 1.8%
	82,543	Ally Financial, Inc.	2,520,863
	104,390	Synchrony Financial	3,605,631
			6,126,494
	Consumer Staples Distribution & Retail – 2.5%
	40,476	Kroger Co. (The)	1,968,753
	41,233	Walmart, Inc.	6,591,507
			8,560,260
	Distributors – 1.2%
	3,297	Genuine Parts Co.	513,409
	67,546	LKQ Corp.	3,700,845
			4,214,254
	Electric Utilities – 1.5%
	31,218	Edison International	2,246,447
	3,324	Entergy Corp.	341,375
	9,994	Exelon Corp.	418,349
	7,002	Hawaiian Electric Industries, Inc.	268,806
	29,186	Xcel Energy, Inc.	1,830,838
			5,105,815
	Electrical Equipment – 1.3%
	27,263	AMETEK, Inc.	4,323,912
	Electronic Equipment, Instruments & Components – 0.7%
	6,656	Teledyne Technologies, Inc.*	2,559,432
	Energy Equipment & Services – 0.2%
	17,586	Baker Hughes Co.	629,403
	7,067	NOV, Inc.	141,905
			771,308
	Entertainment – 0.6%
	1,736	Netflix, Inc.*	762,052
	6,136	ROBLOX Corp., Class A*	240,838
	11,850	Roku, Inc.*	1,140,799
			2,143,689

Shares		Description	Value
	Common Stocks – (continued)
	Financial Services – 4.5%
	41,708	Berkshire Hathaway, Inc., Class B*	$  14,679,548
	7,744	Block, Inc.*	623,624
			15,303,172
	Food Products – 2.0%
	43,579	Kraft Heinz Co. (The)	1,576,688
	70,572	Mondelez International, Inc., Class A	5,231,503
	34	Seaboard Corp.	122,570
			6,930,761
	Gas Utilities – 0.2%
	15,372	National Fuel Gas Co.	816,407
	Ground Transportation – 1.3%
	27,347	Ryder System, Inc.	2,793,496
	3,450	Saia, Inc.*	1,459,833
	3,593	Uber Technologies, Inc.*	177,710
			4,431,039
	Health Care Equipment & Supplies – 2.1%
	92,167	Boston Scientific Corp.*	4,778,859
	62,114	Envista Holdings Corp.*	2,137,343
	578	Inspire Medical Systems, Inc.*	166,354
	4,168	Integra LifeSciences Holdings Corp.*	189,519
			7,272,075
	Health Care Providers & Services – 5.0%
	62,721	Centene Corp.*	4,270,673
	1,751	Cigna Group (The)	516,720
	68,251	CVS Health Corp.	5,097,667
	11,404	Elevance Health, Inc.	5,378,469
	2,300	Encompass Health Corp.	151,869
	3,784	HCA Healthcare, Inc.	1,032,313
	3,567	Tenet Healthcare Corp.*	266,562
	1,413	Universal Health Services, Inc., Class B	196,350
			16,910,623
	Health Care REITs – 1.0%
	13,992	Healthpeak Properties, Inc. REIT	305,445
	65,251	Ventas, Inc. REIT	3,165,979
			3,471,424

GOLDMAN SACHS LARGE CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Hotel & Resort REITs – 2.2%
	216,536	Host Hotels & Resorts, Inc. REIT	$    3,984,262
	268,054	Park Hotels & Resorts, Inc. REIT	3,653,576
			7,637,838
	Hotels, Restaurants & Leisure – 0.7%
	5,610	Airbnb, Inc., Class A*	853,786
	36,789	Norwegian Cruise Line Holdings Ltd.*	811,933
	6,612	Royal Caribbean Cruises Ltd.*	721,435
			2,387,154
	Household Durables – 1.3%
	3,494	D.R. Horton, Inc.	443,808
	31,062	Lennar Corp., Class A	3,939,593
			4,383,401
	Household Products – 0.6%
	4,176	Kimberly-Clark Corp.	539,122
	8,907	Procter & Gamble Co. (The)	1,392,164
			1,931,286
	Independent Power and Renewable Electricity Producers – 0.1%
	10,588	Brookfield Renewable Corp., Class A	330,028
	Industrial REITs – 2.5%
	19,786	First Industrial Realty Trust, Inc. REIT	1,022,936
	44,180	Prologis, Inc. REIT	5,511,455
	33,625	Rexford Industrial Realty, Inc. REIT	1,852,401
			8,386,792
	Insurance – 5.6%
	12,408	Arch Capital Group Ltd.*	963,978
	25,145	Chubb Ltd.	5,139,889
	32,047	CNA Financial Corp.	1,254,961
	30,202	Globe Life, Inc.	3,387,758
	5,394	Loews Corp.	337,934
	16,346	Prudential Financial, Inc.	1,577,226
	7,635	Reinsurance Group of America, Inc.	1,071,572
	23,638	Travelers Cos., Inc. (The)	4,080,155
	19,788	W R Berkley Corp.	1,220,722
			19,034,195
	Interactive Media & Services – 0.2%
	1,458	Alphabet, Inc., Class A*	193,506

Shares		Description	Value
	Common Stocks – (continued)
	Interactive Media & Services – (continued)
	31,881	TripAdvisor, Inc.*	$       594,580
			788,086
	IT Services – 0.7%
	18,075	Okta, Inc.*	1,389,245
	4,714	VeriSign, Inc.*	994,418
			2,383,663
	Leisure Products – 0.1%
	1,596	Polaris, Inc.	216,801
	Life Sciences Tools & Services – 1.3%
	3,142	Bio-Rad Laboratories, Inc., Class A*	1,273,641
	70,775	QIAGEN NV*	3,313,686
			4,587,327
	Machinery – 2.0%
	47,604	PACCAR, Inc.	4,100,133
	9,361	Pentair PLC	650,590
	9,310	RBC Bearings, Inc.*	2,104,525
			6,855,248
	Media – 1.2%
	136,583	News Corp., Class A	2,707,075
	3,613	Paramount Global, Class B	57,916
	13,800	Trade Desk, Inc. (The), Class A*	1,259,388
			4,024,379
	Metals & Mining – 0.6%
	34,740	Freeport-McMoRan, Inc.	1,551,141
	1,090	Steel Dynamics, Inc.	116,172
	9,362	United States Steel Corp.	238,731
			1,906,044
	Multi-Utilities – 0.4%
	18,991	Public Service Enterprise Group, Inc.	1,198,712
	Oil, Gas & Consumable Fuels – 4.9%
	18,975	Cheniere Energy, Inc.	3,071,294
	13,267	Chevron Corp.	2,171,277
	36,547	Exxon Mobil Corp.	3,919,300
	78,705	Kinder Morgan, Inc.	1,393,866
	16,558	Marathon Petroleum Corp.	2,202,545

GOLDMAN SACHS LARGE CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Oil, Gas & Consumable Fuels – (continued)
	529	Pioneer Natural Resources Co.	$       119,379
	31,141	Valero Energy Corp.	4,014,386
			16,892,047
	Pharmaceuticals – 6.3%
	87,395	Bristol-Myers Squibb Co.	5,435,095
	180,750	Elanco Animal Health, Inc.*	2,181,652
	47,299	Johnson & Johnson	7,924,001
	3,916	Merck & Co., Inc.	417,641
	80,915	Organon & Co.	1,778,512
	16,593	Pfizer, Inc.	598,344
	104,307	Royalty Pharma PLC, Class A	3,273,154
			21,608,399
	Professional Services – 0.3%
	74,003	Dun & Bradstreet Holdings, Inc.	874,715
	Real Estate Management & Development – 0.4%
	16,353	CoStar Group, Inc.*	1,373,161
	Residential REITs – 1.1%
	22,639	Mid-America Apartment Communities, Inc. REIT	3,388,153
	10,733	UDR, Inc. REIT	438,765
			3,826,918
	Retail REITs – 0.2%
	28,766	Brixmor Property Group, Inc. REIT	654,139
	Semiconductors & Semiconductor Equipment – 1.3%
	798	First Solar, Inc.*	165,505
	94,949	Intel Corp.	3,396,326
	4,295	NXP Semiconductors NV (China)	957,699
			4,519,530
	Software – 2.1%
	1,689	Autodesk, Inc.*	358,051
	15,573	Fortinet, Inc.*	1,210,334
	1,984	HubSpot, Inc.*	1,151,811
	19,851	Salesforce, Inc.*	4,466,673
			7,186,869

Shares		Description	Value
	Common Stocks – (continued)
	Specialized REITs – 0.5%
	18,607	CubeSmart REIT	$       806,799
	13,125	National Storage Affiliates Trust REIT	443,494
	2,020	SBA Communications Corp. REIT	442,279
			1,692,572
	Specialty Retail – 1.6%
	38,832	CarMax, Inc.*	3,207,912
	39,721	Chewy, Inc., Class A*	1,346,542
	4,608	Penske Automotive Group, Inc.	743,823
			5,298,277
	Technology Hardware, Storage & Peripherals – 1.1%
	219,236	Hewlett Packard Enterprise Co.	3,810,322
	Textiles, Apparel & Luxury Goods – 1.6%
	7,546	Lululemon Athletica, Inc.*	2,856,388
	43,840	Skechers USA, Inc., Class A*	2,436,627
			5,293,015
	Trading Companies & Distributors – 0.1%
	1,188	Ferguson PLC	192,005
	TOTAL INVESTMENTS – 99.6% (Cost $309,738,133)		$339,751,914
	OTHER ASSETS IN EXCESS OF LIABILITIES – 0.4%		1,456,031
	NET ASSETS – 100.0%		$341,207,945

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

* Non-income producing security.

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

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – 99.1%
	Aerospace & Defense – 1.3%
	17,871	AAR Corp.*	$    1,068,686
	13,301	AeroVironment, Inc.*	1,267,053
	2,392	Ducommun, Inc.*	119,935
	10,638	National Presto Industries, Inc.	833,062
	13,404	Parsons Corp.*	662,425
	97,154	Triumph Group, Inc.*	1,228,998
			5,180,159
	Automobile Components – 1.0%
	181,745	American Axle & Manufacturing Holdings, Inc.*	1,717,490
	8,484	Fox Factory Holding Corp.*	949,360
	6,405	Goodyear Tire & Rubber Co. (The)*	102,992
	13,835	Luminar Technologies, Inc.*(a)	102,379
	2,979	Visteon Corp.*	459,034
	9,808	XPEL, Inc.*	796,704
			4,127,959
	Banks – 7.6%
	60,240	Amalgamated Financial Corp.	1,202,390
	38,498	Ameris Bancorp	1,680,438
	21,062	Associated Banc-Corp.	399,125
	7,147	Axos Financial, Inc.*	335,909
	9,624	BancFirst Corp.	961,438
	12,742	Bancorp, Inc. (The)*	482,922
	87,357	Bank of NT Butterfield & Son Ltd. (The) (Bermuda)	2,806,780
	2,363	Banner Corp.	112,502
	3,611	Business First Bancshares, Inc.	73,845
	6,537	Carter Bankshares, Inc.*	96,029
	2,632	Cathay General Bancorp	100,121
	61,653	Central Pacific Financial Corp.	1,124,551
	6,122	Community Trust Bancorp, Inc.	234,962
	6,660	Enterprise Financial Services Corp.	273,060
	6,216	Esquire Financial Holdings, Inc.	310,458
	110,190	First BanCorp. (Puerto Rico)	1,636,322
	6,945	First Bancorp, Inc. (The)	183,279
	51,359	Glacier Bancorp, Inc.	1,679,439
	30,022	Hancock Whitney Corp.	1,321,268
	44,876	Hanmi Financial Corp.	852,644
	2,506	Heartland Financial USA, Inc.	86,056
	62,118	Heritage Financial Corp.	1,165,334

Shares		Description	Value
	Common Stocks – (continued)
	Banks – (continued)
	3,912	Home Bancorp, Inc.	$       139,345
	2,460	HomeTrust Bancshares, Inc.	59,803
	8,181	Independent Bank Corp.	169,019
	32,956	International Bancshares Corp.	1,635,936
	7,478	Live Oak Bancshares, Inc.	283,192
	6,385	Metrocity Bankshares, Inc.	136,894
	39,964	National Bank Holdings Corp., Class A	1,373,163
	15,969	Northeast Bank	760,763
	9,806	Northeast Community Bancorp, Inc.(a)	158,759
	4,716	OFG Bancorp (Puerto Rico)	157,939
	6,590	Old National Bancorp	112,228
	25,255	Old Second Bancorp, Inc.	403,827
	5,211	Origin Bancorp, Inc.	169,879
	21,346	Pathward Financial, Inc.	1,109,138
	22,687	PCB Bancorp	370,252
	4,081	Renasant Corp.	126,266
	17,645	Seacoast Banking Corp. of Florida	436,008
	6,743	Southside Bancshares, Inc.	223,935
	7,678	Texas Capital Bancshares, Inc.*	490,240
	40,661	TrustCo Bank Corp.	1,235,688
	24,051	UMB Financial Corp.	1,707,621
	127,814	Valley National Bancorp	1,311,372
	20,114	Veritex Holdings, Inc.	432,652
	5,014	Westamerica BanCorp	246,639
			30,369,430
	Beverages – 1.3%
	3,807	Coca-Cola Consolidated, Inc.	2,411,392
	7,770	National Beverage Corp.*	410,645
	176,595	Primo Water Corp.	2,502,351
			5,324,388
	Biotechnology – 6.8%
	21,843	89bio, Inc.*	345,993
	30,850	ACADIA Pharmaceuticals, Inc.*	902,054
	208,342	ADMA Biologics, Inc.*	864,619
	136,129	Agenus, Inc.*	206,916
	39,409	Alkermes PLC*	1,153,896
	14,675	Allogene Therapeutics, Inc.*	72,788
	21,264	ALX Oncology Holdings, Inc.*	129,923
	59,262	Amicus Therapeutics, Inc.*	807,148
	4,951	Arcturus Therapeutics Holdings, Inc.*	173,087

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Biotechnology – (continued)
	5,035	Arrowhead Pharmaceuticals, Inc.*	$       173,808
	5,721	Astria Therapeutics, Inc.*	51,260
	84,755	Aurinia Pharmaceuticals, Inc. (Canada) *	981,463
	3,437	Avid Bioservices, Inc.*	43,512
	3,221	BioCryst Pharmaceuticals, Inc.*	23,803
	47,075	Biohaven Ltd.*	935,851
	12,373	Bridgebio Pharma, Inc.*	433,179
	82,311	CareDx, Inc.*	898,013
	57,544	Catalyst Pharmaceuticals, Inc.*	795,834
	50,573	Deciphera Pharmaceuticals, Inc.*	683,747
	12,047	Denali Therapeutics, Inc.*	342,496
	17,677	Dyne Therapeutics, Inc.*	215,306
	21,666	Eagle Pharmaceuticals, Inc.*	449,786
	17,031	Enanta Pharmaceuticals, Inc.*	323,078
	43,911	Erasca, Inc.*	115,925
	45,602	Generation Bio Co.*	231,658
	17,867	Halozyme Therapeutics, Inc.*	767,566
	31,029	Ideaya Biosciences, Inc.*	693,808
	65,911	Iovance Biotherapeutics, Inc.*	478,514
	12,220	iTeos Therapeutics, Inc.*	171,813
	33,926	KalVista Pharmaceuticals, Inc.*	342,653
	122,885	Karyopharm Therapeutics, Inc.*	221,193
	42,124	Kiniksa Pharmaceuticals Ltd., Class A*	793,616
	57,974	Kodiak Sciences, Inc.*	173,342
	9,312	MacroGenics, Inc.*	44,418
	3,437	Madrigal Pharmaceuticals, Inc.*	705,616
	95,115	MannKind Corp.*	434,676
	4,924	MeiraGTx Holdings PLC*	31,021
	30,205	Myriad Genetics, Inc.*	675,082
	3,424	Nurix Therapeutics, Inc.*	33,247
	14,407	Organogenesis Holdings, Inc.*	61,518
	41,462	PMV Pharmaceuticals, Inc.*	271,162
	30,291	PTC Therapeutics, Inc.*	1,221,939
	11,309	Recursion Pharmaceuticals, Inc., Class A*	159,683
	16,194	Replimune Group, Inc.*	341,208
	4,433	REVOLUTION Medicines, Inc.*	116,366
	8,258	Rhythm Pharmaceuticals, Inc.*	147,323
	30,309	Rigel Pharmaceuticals, Inc.*	41,826
	49,584	Rocket Pharmaceuticals, Inc.*	894,991
	16,144	Sana Biotechnology, Inc.*	94,604
	8,863	SpringWorks Therapeutics, Inc.*	278,121
	173,349	Sutro Biopharma, Inc.*	774,870

Shares		Description	Value
	Common Stocks – (continued)
	Biotechnology – (continued)
	49,095	TG Therapeutics, Inc.*	$    1,015,776
	5,415	Travere Therapeutics, Inc.*	93,084
	147,211	Vanda Pharmaceuticals, Inc.*	850,880
	14,102	Vaxcyte, Inc.*	677,742
	50,470	Veracyte, Inc.*	1,385,402
	26,902	Vericel Corp.*	966,320
	5,078	Vir Biotechnology, Inc.*	71,498
	37,495	X4 Pharmaceuticals, Inc.*(a)	67,116
	75,722	Y-mAbs Therapeutics, Inc.*	461,147
			26,914,284
	Building Products – 2.2%
	19,153	AAON, Inc.	2,016,045
	6,397	American Woodmark Corp.*	490,266
	972	CSW Industrials, Inc.	175,494
	15,112	Griffon Corp.	630,473
	170,148	Masterbrand, Inc.*	2,101,328
	21,789	Simpson Manufacturing Co., Inc.	3,442,662
			8,856,268
	Capital Markets – 0.2%
	61,909	Open Lending Corp.*	698,953
	Chemicals – 1.7%
	16,973	Aspen Aerogels, Inc.*	141,555
	22,892	Innospec, Inc.	2,452,649
	32,271	Livent Corp.*	794,512
	38,366	LSB Industries, Inc.*	428,548
	38,226	Minerals Technologies, Inc.	2,345,165
	21,122	Orion SA (Germany)	462,994
			6,625,423
	Commercial Services & Supplies – 1.4%
	140,421	ACV Auctions, Inc., Class A*	2,455,963
	73,219	Ennis, Inc.	1,577,137
	24,113	Healthcare Services Group, Inc.	304,065
	2,529	Montrose Environmental Group, Inc.*	102,349
	126,043	Steelcase, Inc., Class A	1,080,189
			5,519,703
	Communications Equipment – 1.1%
	22,178	Extreme Networks, Inc.*	589,713

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Communications Equipment – (continued)
	66,164	NetScout Systems, Inc.*	$    1,849,284
	177,138	Viavi Solutions, Inc.*	1,925,490
			4,364,487
	Construction & Engineering – 2.2%
	30,973	Arcosa, Inc.	2,390,496
	20,783	Comfort Systems USA, Inc.	3,615,619
	2,353	Construction Partners, Inc., Class A*	69,178
	1,061	Dycom Industries, Inc.*	105,654
	1,938	IES Holdings, Inc.*	111,086
	40,253	Sterling Infrastructure, Inc.*	2,414,778
			8,706,811
	Construction Materials – 0.5%
	57,672	Summit Materials, Inc., Class A*	2,086,573
	Consumer Finance – 0.2%
	7,667	LendingClub Corp.*	64,326
	9,362	Upstart Holdings, Inc.*(a)	643,076
			707,402
	Consumer Staples Distribution & Retail – 0.7%
	2,364	Chefs’ Warehouse, Inc. (The)*	85,908
	26,724	PriceSmart, Inc.	2,077,256
	18,904	Sprouts Farmers Market, Inc.*	741,982
			2,905,146
	Diversified Consumer Services – 1.5%
	157,504	Coursera, Inc.*	2,471,238
	17,830	Duolingo, Inc.*	2,767,037
	13,774	Frontdoor, Inc.*	480,988
	14,329	Rover Group, Inc.*	78,523
			5,797,786
	Diversified REITs – 0.7%
	12,989	Alexander & Baldwin, Inc. REIT	249,389
	22,853	American Assets Trust, Inc. REIT	514,192
	80,734	Essential Properties Realty Trust, Inc. REIT	1,982,020
			2,745,601
	Diversified Telecommunication Services – 0.1%
	3,000	Bandwidth, Inc., Class A*	45,450

Shares		Description	Value
	Common Stocks – (continued)
	Diversified Telecommunication Services – (continued)
	328,472	Globalstar, Inc.*	$       354,750
	2,457	Ooma, Inc.*	36,855
			437,055
	Electrical Equipment – 3.4%
	2,978	Allied Motion Technologies, Inc.	115,844
	27,064	Array Technologies, Inc.*	515,569
	22,525	Atkore, Inc.*	3,574,042
	15,934	Encore Wire Corp.	2,719,775
	4,482	EnerSys	485,490
	232,266	FTC Solar, Inc.*(a)	882,611
	56,886	NEXTracker, Inc., Class A*	2,409,122
	31,249	Powell Industries, Inc.	1,899,314
	19,214	Shoals Technologies Group, Inc., Class A*	498,795
	5,740	Vicor Corp.*	529,630
			13,630,192
	Electronic Equipment, Instruments & Components – 2.0%
	2,795	Advanced Energy Industries, Inc.	349,878
	7,513	Badger Meter, Inc.	1,236,940
	5,272	Belden, Inc.	509,486
	17,713	ePlus, Inc.*	998,128
	7,020	Fabrinet (Thailand) *	867,953
	1,006	Itron, Inc.*	79,142
	7,204	Knowles Corp.*	131,617
	6,497	Methode Electronics, Inc.	218,559
	4,183	Napco Security Technologies, Inc.	156,779
	3,567	PC Connection, Inc.	172,678
	30,767	Sanmina Corp.*	1,890,940
	10,896	TTM Technologies, Inc.*	156,467
	31,734	Vishay Precision Group, Inc.*	1,187,169
			7,955,736
	Energy Equipment & Services – 1.5%
	40,736	Borr Drilling Ltd. (Mexico) *	357,662
	19,097	ChampionX Corp.	679,853
	5,229	Dril-Quip, Inc.*	135,379
	10,700	Helix Energy Solutions Group, Inc.*	102,720
	15,582	Nabors Industries Ltd.*	1,908,639
	34,370	Oil States International, Inc.*	276,335
	34,953	Patterson-UTI Energy, Inc.	553,655
	83,086	RPC, Inc.	691,276

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Energy Equipment & Services – (continued)
	10,929	Tidewater, Inc.*	$       689,729
	6,337	Weatherford International PLC*	526,605
			5,921,853
	Entertainment – 0.1%
	13,619	IMAX Corp.*	250,726
	6,625	Madison Square Garden Entertainment Corp.*	230,815
			481,541
	Financial Services – 2.9%
	52,360	A-Mark Precious Metals, Inc.	2,135,765
	96,874	Banco Latinoamericano de Comercio Exterior SA, Class E (Panama)	2,259,102
	19,769	Essent Group Ltd.	980,542
	66,646	EVERTEC, Inc. (Puerto Rico)	2,621,187
	26,925	I3 Verticals, Inc., Class A*	673,394
	54,481	Marqeta, Inc., Class A*	304,004
	10,516	Merchants Bancorp	332,411
	44,899	NMI Holdings, Inc., Class A*	1,199,252
	63,198	StoneCo Ltd., Class A (Brazil) *	915,739
			11,421,396
	Food Products – 0.5%
	19,761	John B. Sanfilippo & Son, Inc.	2,152,170
	Ground Transportation – 0.4%
	36,440	Marten Transport Ltd.	825,730
	27,520	RXO, Inc.*	606,816
			1,432,546
	Health Care Equipment & Supplies – 2.9%
	31,732	Alphatec Holdings, Inc.*	560,704
	38,614	AngioDynamics, Inc.*	335,556
	44,967	Artivion, Inc.*	783,325
	20,338	AtriCure, Inc.*	1,125,708
	2,057	CONMED Corp.	249,000
	36,205	Inari Medical, Inc.*	2,066,219
	3,087	iRadimed Corp.	135,612
	4,217	Lantheus Holdings, Inc.*	364,728
	17,603	LeMaitre Vascular, Inc.	1,113,038
	19,549	LivaNova PLC*	1,142,639
	3,390	Merit Medical Systems, Inc.*	253,131

Shares		Description	Value
	Common Stocks – (continued)
	Health Care Equipment & Supplies – (continued)
	10,536	Nano-X Imaging Ltd. (Israel) *	$       130,646
	7,638	Pulmonx Corp.*	106,932
	10,465	Surmodics, Inc.*	335,613
	4,921	TransMedics Group, Inc.*	458,539
	5,406	Treace Medical Concepts, Inc.*	123,203
	7,123	Utah Medical Products, Inc.	700,405
	65,168	Varex Imaging Corp.*	1,517,763
			11,502,761
	Health Care Providers & Services – 3.6%
	54,596	Accolade, Inc.*	820,032
	126,445	Alignment Healthcare, Inc.*	785,223
	83,268	Brookdale Senior Living, Inc.*	293,103
	68,295	Cano Health, Inc.*	100,394
	7,675	Guardant Health, Inc.*	299,478
	12,844	HealthEquity, Inc.*	872,621
	223,880	Hims & Hers Health, Inc.*	2,008,204
	73,515	Joint Corp. (The)*	992,453
	15,993	National HealthCare Corp.	943,907
	9,226	Owens & Minor, Inc.*	177,508
	51,623	Pediatrix Medical Group, Inc.*	708,784
	92,173	Pennant Group, Inc. (The)*	1,058,146
	14,452	PetIQ, Inc.*	241,926
	33,504	Progyny, Inc.*	1,399,127
	87,364	Select Medical Holdings Corp.	2,621,794
	25,798	Surgery Partners, Inc.*	996,577
			14,319,277
	Health Care Technology – 0.2%
	30,077	Phreesia, Inc.*	954,042
	Hotel & Resort REITs – 2.9%
	182,012	Chatham Lodging Trust REIT	1,747,315
	276,341	DiamondRock Hospitality Co. REIT	2,348,899
	225,878	RLJ Lodging Trust REIT	2,326,543
	30,468	Ryman Hospitality Properties, Inc. REIT	2,903,296
	173,247	Service Properties Trust REIT	1,470,867
	5,188	Summit Hotel Properties, Inc. REIT	33,411
	42,319	Xenia Hotels & Resorts, Inc. REIT	537,451
			11,367,782

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Hotels, Restaurants & Leisure – 3.7%
	76,838	Bloomin’ Brands, Inc.	$    2,064,637
	35,168	Chuy’s Holdings, Inc.*	1,462,637
	23,070	Dave & Buster’s Entertainment, Inc.*	1,056,606
	6,399	Dine Brands Global, Inc.	385,988
	37,821	Everi Holdings, Inc.*	561,263
	105,428	First Watch Restaurant Group, Inc.*	1,965,178
	66,347	International Game Technology PLC	2,244,519
	12,885	Lindblad Expeditions Holdings, Inc.*	152,301
	9,243	Monarch Casino & Resort, Inc.	640,725
	33,056	PlayAGS, Inc.*	218,831
	71,225	Portillo’s, Inc., Class A*	1,641,736
	226,083	Sabre Corp.*	926,940
	8,585	Shake Shack, Inc., Class A*	666,711
	44,047	Xponential Fitness, Inc., Class A*	930,273
			14,918,345
	Household Durables – 2.0%
	21,206	Green Brick Partners, Inc.*	1,198,563
	469	Hovnanian Enterprises, Inc., Class A*	50,005
	21,535	LGI Homes, Inc.*	2,987,981
	30,265	M/I Homes, Inc.*	3,026,500
	10,667	Taylor Morrison Home Corp.*	516,496
	10,151	Tri Pointe Homes, Inc.*	323,614
			8,103,159
	Household Products – 0.1%
	1,984	WD-40 Co.	455,328
	Independent Power and Renewable Electricity Producers – 0.2%
	7,725	Ormat Technologies, Inc.	628,042
	Industrial REITs – 0.7%
	106,141	LXP Industrial Trust REIT	1,068,840
	30,974	Terreno Realty Corp. REIT	1,837,997
			2,906,837
	Insurance – 4.9%
	19,256	Ambac Financial Group, Inc.*	272,280
	58,647	American Equity Investment Life Holding Co.	3,147,585
	4,613	AMERISAFE, Inc.	240,430
	38,596	BRP Group, Inc., Class A*	961,426
	118,172	CNO Financial Group, Inc.	3,039,384

Shares		Description	Value
	Common Stocks – (continued)
	Insurance – (continued)
	63,796	Employers Holdings, Inc.	$    2,464,439
	3,268	Enstar Group Ltd.*	836,216
	240,874	Genworth Financial, Inc., Class A*	1,411,522
	39,835	Goosehead Insurance, Inc., Class A*	2,663,766
	30,699	James River Group Holdings Ltd.	567,625
	10,740	Lemonade, Inc.*(a)	249,705
	16,589	Oscar Health, Inc., Class A*	124,749
	24,875	Palomar Holdings, Inc.*	1,506,430
	15,170	Skyward Specialty Insurance Group, Inc.*	359,377
	29,210	Stewart Information Services Corp.	1,376,667
	8,613	Universal Insurance Holdings, Inc.	133,760
			19,355,361
	Interactive Media & Services – 0.8%
	22,363	Bumble, Inc., Class A*	414,163
	23,543	Cargurus, Inc.*	533,485
	40,191	DHI Group, Inc.*	151,520
	42,549	Eventbrite, Inc., Class A*	489,739
	286,868	Vimeo, Inc.*	1,181,896
	25,918	ZipRecruiter, Inc., Class A*	480,001
			3,250,804
	IT Services – 0.6%
	78,686	Fastly, Inc., Class A*	1,445,462
	1,762	Perficient, Inc.*	112,398
	16,014	Squarespace, Inc., Class A*	530,704
	51,731	Thoughtworks Holding, Inc.*	366,773
			2,455,337
	Leisure Products – 0.5%
	18,269	Malibu Boats, Inc., Class A*	1,095,226
	24,758	MasterCraft Boat Holdings, Inc.*	758,833
			1,854,059
	Life Sciences Tools & Services – 0.7%
	125,786	Adaptive Biotechnologies Corp.*	1,061,634
	16,008	CryoPort, Inc.*	257,249
	1,037	Mesa Laboratories, Inc.	133,420
	100,640	NanoString Technologies, Inc.*	479,046
	58,514	Pacific Biosciences of California, Inc.*	772,970
			2,704,319

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Machinery – 2.7%
	6,937	Chart Industries, Inc.*	$    1,263,644
	4,424	Columbus McKinnon Corp.	187,312
	7,246	Douglas Dynamics, Inc.	224,988
	29,583	Franklin Electric Co., Inc.	2,923,392
	2,925	Greenbrier Cos., Inc. (The)	135,106
	1,574	Kadant, Inc.	350,766
	9,602	Manitowoc Co., Inc. (The)*	173,988
	28,590	Mueller Industries, Inc.	2,317,505
	922	Omega Flex, Inc.	82,538
	28,323	Wabash National Corp.	670,689
	12,523	Watts Water Technologies, Inc., Class A	2,335,915
			10,665,843
	Media – 0.9%
	648	Daily Journal Corp.*	187,609
	31,989	EW Scripps Co. (The), Class A*	315,412
	49,088	Gray Television, Inc.	464,863
	26,075	TechTarget, Inc.*	846,916
	75,604	Thryv Holdings, Inc.*	1,791,815
			3,606,615
	Metals & Mining – 2.6%
	37,604	ATI, Inc.*	1,792,959
	45,552	Carpenter Technology Corp.	2,726,743
	231,980	Coeur Mining, Inc.*	714,498
	12,721	Commercial Metals Co.	727,896
	58,737	Constellium SE*	1,121,289
	22,834	Haynes International, Inc.	1,145,353
	17,128	Olympic Steel, Inc.	955,571
	19,564	Piedmont Lithium, Inc.*	1,073,281
			10,257,590
	Mortgage Real Estate Investment Trusts (REITs) – 1.0%
	91,015	ARMOUR Residential REIT, Inc. REIT	465,087
	1,452	Blackstone Mortgage Trust, Inc., Class A REIT	33,381
	90,370	BrightSpire Capital, Inc. REIT	665,123
	32,045	KKR Real Estate Finance Trust, Inc. REIT	399,281
	6,543	Ladder Capital Corp. REIT	71,908
	109,630	MFA Financial, Inc. REIT	1,234,434
	53,358	Nexpoint Real Estate Finance, Inc. REIT	912,955
	19,926	Redwood Trust, Inc. REIT	150,043

Shares		Description	Value
	Common Stocks – (continued)
	Mortgage Real Estate Investment Trusts (REITs) – (continued)
	5,378	Two Harbors Investment Corp. REIT	$         72,119
			4,004,331
	Office REITs – 0.6%
	14,046	City Office REIT, Inc. REIT	76,832
	111,680	Equity Commonwealth REIT	2,187,811
			2,264,643
	Oil, Gas & Consumable Fuels – 4.6%
	7,198	Amplify Energy Corp.*	52,833
	55,897	Ardmore Shipping Corp. (Ireland)	787,030
	2,188	Chord Energy Corp.	343,166
	8,473	CONSOL Energy, Inc.	631,408
	23,362	Delek US Holdings, Inc.	644,558
	126,311	DHT Holdings, Inc.	1,244,163
	33,140	Dorian LPG Ltd.	985,584
	29,051	Golar LNG Ltd. (Cameroon)	700,710
	49,935	International Seaways, Inc.	2,141,712
	24,397	Magnolia Oil & Gas Corp., Class A	540,393
	479,178	Nordic American Tankers Ltd.	2,103,591
	14,572	PBF Energy, Inc., Class A	691,296
	32,074	Peabody Energy Corp.	719,741
	41,414	Permian Resources Corp.	484,130
	42,488	Scorpio Tankers, Inc. (Monaco)	1,998,635
	169,505	Teekay Corp. (Bermuda) *	1,128,903
	47,434	Teekay Tankers Ltd., Class A (Canada)	2,068,597
	39,325	Vitesse Energy, Inc.	990,597
			18,257,047
	Passenger Airlines – 0.5%
	17,055	Frontier Group Holdings, Inc.*	158,611
	48,981	JetBlue Airways Corp.*	380,582
	20,425	Joby Aviation, Inc.*(a)	182,804
	63,303	Sun Country Airlines Holdings, Inc.*	1,364,813
			2,086,810
	Personal Care Products – 0.7%
	9,067	Beauty Health Co. (The)*	75,165
	23,915	elf Beauty, Inc.*	2,791,359
			2,866,524

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Pharmaceuticals – 1.9%
	78,170	Amneal Pharmaceuticals, Inc.*	$     250,144
	25,538	Amphastar Pharmaceuticals, Inc.*	1,549,901
	6,065	Arvinas, Inc.*	149,927
	48,458	Assertio Holdings, Inc.*	275,726
	11,168	Atea Pharmaceuticals, Inc.*	38,306
	7,665	Axsome Therapeutics, Inc.*	601,473
	10,695	Collegium Pharmaceutical, Inc.*	243,418
	26,351	Harmony Biosciences Holdings, Inc.*	932,035
	1,560	Ligand Pharmaceuticals, Inc.*	104,411
	39,807	Phibro Animal Health Corp., Class A	576,405
	40,655	Prestige Consumer Healthcare, Inc.*	2,651,113
			7,372,859
	Professional Services – 1.7%
	48,759	Alight, Inc., Class A*	476,863
	21,083	CBIZ, Inc.*	1,115,080
	4,748	ExlService Holdings, Inc.*	669,231
	32,523	Exponent, Inc.	2,913,410
	18,682	Franklin Covey Co.*	890,197
	26,865	IBEX Holdings Ltd.*	533,270
			6,598,051
	Real Estate Management & Development – 1.0%
	71,794	Anywhere Real Estate, Inc.*	601,634
	254,904	Compass, Inc., Class A*	1,068,048
	20,328	Douglas Elliman, Inc.	44,925
	63,785	Newmark Group, Inc., Class A	441,392
	115,736	Redfin Corp.*	1,733,725
			3,889,724
	Residential REITs – 1.6%
	22,198	Centerspace REIT	1,379,162
	161,106	Independence Realty Trust, Inc. REIT	2,745,246
	53,748	NexPoint Residential Trust, Inc. REIT	2,233,767
			6,358,175
	Retail REITs – 0.1%
	555	Alexander’s, Inc. REIT	107,320
	17,484	Macerich Co. (The) REIT	222,921
	6,522	Tanger Factory Outlet Centers, Inc. REIT	152,680
			482,921

Shares		Description	Value
	Common Stocks – (continued)
	Semiconductors & Semiconductor Equipment – 1.8%
	4,904	Aehr Test Systems*	$       255,793
	11,489	Axcelis Technologies, Inc.*	2,303,315
	17,936	Cohu, Inc.*	782,906
	19,111	Diodes, Inc.*	1,805,798
	31,486	FormFactor, Inc.*	1,170,020
	1,302	Onto Innovation, Inc.*	161,865
	11,394	PDF Solutions, Inc.*	524,010
	5,940	Photronics, Inc.*	157,113
			7,160,820
	Software – 5.0%
	26,663	Alarm.com Holdings, Inc.*	1,472,064
	35,715	Amplitude, Inc., Class A*	413,580
	18,321	Appian Corp., Class A*	943,898
	99,783	Asana, Inc., Class A*	2,422,731
	3,298	BlackLine, Inc.*	191,548
	4,599	C3.ai, Inc., Class A*(a)	193,158
	48,696	Cleanspark, Inc.*	292,663
	97,959	Clear Secure, Inc., Class A	2,322,608
	28,240	CommVault Systems, Inc.*	2,200,743
	28,853	Marathon Digital Holdings, Inc.*(a)	501,177
	1,325	MicroStrategy, Inc., Class A*(a)	580,191
	12,197	PagerDuty, Inc.*	316,146
	4,296	PROS Holdings, Inc.*	163,248
	5,594	Red Violet, Inc.*(a)	115,852
	13,960	Riot Platforms, Inc.*	258,539
	32,617	Sapiens International Corp. NV (Israel)	878,702
	40,060	SolarWinds Corp.*	422,232
	14,368	Sprout Social, Inc., Class A*	820,988
	10,650	SPS Commerce, Inc.*	1,921,153
	21,042	Tenable Holdings, Inc.*	1,023,904
	5,753	Varonis Systems, Inc.*	165,111
	4,371	Weave Communications, Inc.*	52,452
	84,361	Yext, Inc.*	819,989
	156,651	Zeta Global Holdings Corp., Class A*	1,444,322
	6,611	Zuora, Inc., Class A*	77,547
			20,014,546
	Specialized REITs – 0.4%
	111,819	Outfront Media, Inc. REIT	1,728,722

GOLDMAN SACHS SMALL CAP EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Specialty Retail – 3.3%
	5,611	Aaron’s Co., Inc. (The)	$         88,766
	11,824	Asbury Automotive Group, Inc.*	2,667,494
	13,647	Boot Barn Holdings, Inc.*	1,281,453
	83,237	CarParts.com, Inc.*	417,850
	19,905	Carvana Co.*	914,635
	3,589	Cato Corp. (The), Class A	30,507
	80,805	EVgo, Inc.*(a)	353,118
	9,838	Group 1 Automotive, Inc.	2,543,418
	2,664	Haverty Furniture Cos., Inc.	94,838
	26,873	Monro, Inc.	984,895
	6,554	Overstock.com, Inc.*	239,024
	47,449	Sally Beauty Holdings, Inc.*	567,965
	3,833	Sleep Number Corp.*	106,136
	24,258	Sonic Automotive, Inc., Class A	1,161,716
	47,012	Urban Outfitters, Inc.*	1,709,826
			13,161,641
	Technology Hardware, Storage & Peripherals – 1.3%
	21,173	Eastman Kodak Co.*	116,240
	15,027	Super Micro Computer, Inc.*	4,962,967
			5,079,207
	Textiles, Apparel & Luxury Goods – 0.4%
	57,142	G-III Apparel Group Ltd.*	1,183,411
	5,258	Oxford Industries, Inc.	567,075
			1,750,486
	Trading Companies & Distributors – 1.9%
	19,743	Applied Industrial Technologies, Inc.	2,862,537
	22,446	GMS, Inc.*	1,654,046
	1,861	Herc Holdings, Inc.	249,058
	26,648	NOW, Inc.*	303,521
	39,039	Rush Enterprises, Inc., Class A	2,525,042
			7,594,204
	TOTAL COMMON STOCKS (Cost $346,983,207)		$394,339,074
	TOTAL INVESTMENTS BEFORE SECURITIES LENDING REINVESTMENT VEHICLE (Cost $346,983,207)		$394,339,074

Shares	Dividend Rate			Value
Securities Lending Reinvestment Vehicle – 1.0%(b)
Goldman Sachs Financial Square Government Fund – Institutional Shares
3,930,232		5.220	%	$    3,930,232
(Cost $3,930,232)
TOTAL INVESTMENTS – 100.1% (Cost $350,913,439)				$398,269,306
LIABILITIES IN EXCESS OF     OTHER ASSETS – (0.1)%				(341,520)
NET ASSETS – 100.0%				$397,927,786

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

*	Non-income producing security.
(a)	All or a portion of security is on loan.
(b)	Represents an affiliated issuer.

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

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – 97.4%
	Aerospace & Defense – 0.6%
	5,908	AeroVironment, Inc.*	$       562,796
	7,048	Triumph Group, Inc.*	89,157
			651,953
	Automobile Components – 1.6%
	4,913	Fox Factory Holding Corp.*	549,765
	18,624	Luminar Technologies, Inc.*(a)	137,818
	5,717	Visteon Corp.*	880,932
	3,319	XPEL, Inc.*	269,602
			1,838,117
	Automobiles – 0.0%
	9,085	Fisker, Inc.*(a)	56,054
	Banks – 1.4%
	2,461	Amalgamated Financial Corp.	49,122
	1,187	BancFirst Corp.	118,581
	9,515	Bancorp, Inc. (The)*	360,618
	17,002	Bank of NT Butterfield & Son Ltd. (The) (Bermuda)	546,274
	7,442	Esquire Financial Holdings, Inc.	371,691
	4,717	First BanCorp. (Puerto Rico)	70,047
	2,025	First Financial Bankshares, Inc.	65,995
	1,409	International Bancshares Corp.	69,943
			1,652,271
	Beverages – 1.0%
	1,397	Coca-Cola Consolidated, Inc.	884,874
	3,134	National Beverage Corp.*	165,632
	4,921	Primo Water Corp.	69,730
			1,120,236
	Biotechnology – 9.0%
	12,958	89bio, Inc.*	205,255
	17,015	ACADIA Pharmaceuticals, Inc.*	497,519
	26,756	ADMA Biologics, Inc.*	111,037
	31,820	Agenus, Inc.*	48,366
	3,015	Akero Therapeutics, Inc.*	130,851

Shares		Description	Value
	Common Stocks – (continued)
	Biotechnology – (continued)
	1,909	Aldeyra Therapeutics, Inc.*	$         15,491
	22,108	Alkermes PLC*	647,322
	47,250	Amicus Therapeutics, Inc.*	643,545
	12,202	Arrowhead Pharmaceuticals, Inc.*	421,213
	4,529	Astria Therapeutics, Inc.*	40,580
	44,178	Aurinia Pharmaceuticals, Inc. (Canada)*	511,581
	8,525	Avid Bioservices, Inc.*	107,926
	2,007	Avita Medical, Inc.*	40,642
	555	Beam Therapeutics, Inc.*	17,133
	5,434	BioCryst Pharmaceuticals, Inc.*	40,157
	7,524	Biohaven Ltd.*	149,577
	3,119	Blueprint Medicines Corp.*	205,854
	5,503	Bridgebio Pharma, Inc.*	192,660
	13,126	CareDx, Inc.*	143,205
	27,030	Catalyst Pharmaceuticals, Inc.*	373,825
	7,684	Deciphera Pharmaceuticals, Inc.*	103,888
	8,407	Denali Therapeutics, Inc.*	239,011
	12,902	Dynavax Technologies Corp.*	180,499
	8,982	Eagle Pharmaceuticals, Inc.*	186,466
	15,480	Halozyme Therapeutics, Inc.*	665,021
	1,118	ImmunoGen, Inc.*	19,923
	1,413	Immunovant, Inc.*	32,259
	7,345	Insmed, Inc.*	162,251
	7,038	Intercept Pharmaceuticals, Inc.*	76,010
	4,988	Ironwood Pharmaceuticals, Inc.*	55,317
	5,581	Karyopharm Therapeutics, Inc.*	10,046
	1,803	Kiniksa Pharmaceuticals Ltd., Class A*	33,968
	3,387	Kymera Therapeutics, Inc.*	74,108
	1,496	Madrigal Pharmaceuticals, Inc.*	307,129
	40,728	MannKind Corp.*	186,127
	7,874	Merrimack Pharmaceuticals, Inc.*	94,567
	11,610	Precigen, Inc.*	16,138
	8,703	PTC Therapeutics, Inc.*	351,079
	8,079	REVOLUTION Medicines, Inc.*	212,074
	12,105	Rhythm Pharmaceuticals, Inc.*	215,953
	71,962	Rigel Pharmaceuticals, Inc.*	99,308
	18,232	Rocket Pharmaceuticals, Inc.*	329,088
	11,089	SpringWorks Therapeutics, Inc.*	347,973
	10,691	Sutro Biopharma, Inc.*	47,789

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Biotechnology – (continued)
	23,293	TG Therapeutics, Inc.*	$       481,932
	4,875	Travere Therapeutics, Inc.*	83,801
	2,316	Vanda Pharmaceuticals, Inc.*	13,386
	12,937	Vaxcyte, Inc.*	621,752
	15,430	Vericel Corp.*	554,246
	10,647	Viking Therapeutics, Inc.*	154,381
	21,844	Y-mAbs Therapeutics, Inc.*	133,030
			10,632,259
	Broadline Retail – 0.0%
	168	Dillard’s, Inc., Class A	57,631
	Building Products – 2.8%
	9,847	AAON, Inc.	1,036,495
	1,234	Apogee Enterprises, Inc.	61,120
	4,503	CSW Industrials, Inc.	813,017
	971	Griffon Corp.	40,510
	8,644	Simpson Manufacturing Co., Inc.	1,365,752
			3,316,894
	Capital Markets – 0.2%
	22,523	Open Lending Corp.*	254,285
	Chemicals – 2.2%
	4,204	Balchem Corp.	566,447
	6,282	Innospec, Inc.	673,053
	17,667	Livent Corp.*	434,962
	18,051	Orion SA (Germany)	395,678
	1,015	Quaker Chemical Corp.	203,386
	4,403	Sensient Technologies Corp.	281,968
			2,555,494
	Commercial Services & Supplies – 0.8%
	47,340	ACV Auctions, Inc., Class A*	827,977
	2,145	Healthcare Services Group, Inc.	27,048
	3,395	Montrose Environmental Group, Inc.*	137,396
			992,421

Shares		Description	Value
	Common Stocks – (continued)
	Communications Equipment – 1.5%
	1,735	Calix, Inc.*	$         78,266
	1,732	Cambium Networks Corp.*	28,058
	22,122	Extreme Networks, Inc.*	588,224
	15,040	Harmonic, Inc.*	224,397
	78,316	Viavi Solutions, Inc.*	851,295
			1,770,240
	Construction & Engineering – 2.7%
	7,182	Comfort Systems USA, Inc.	1,249,453
	6,821	Construction Partners, Inc., Class A*	200,537
	4,347	Dycom Industries, Inc.*	432,874
	4,408	IES Holdings, Inc.*	252,667
	1,618	MYR Group, Inc.*	230,662
	13,153	Sterling Infrastructure, Inc.*	789,048
			3,155,241
	Construction Materials – 0.2%
	1,142	United States Lime & Minerals, Inc.	234,807
	Consumer Finance – 0.4%
	7,511	Upstart Holdings, Inc.*(a)	515,931
	Consumer Staples Distribution & Retail – 1.0%
	6,644	Chefs’ Warehouse, Inc. (The)*	241,443
	6,528	Natural Grocers by Vitamin Cottage, Inc.	81,273
	4,923	PriceSmart, Inc.	382,665
	13,260	Sprouts Farmers Market, Inc.*	520,455
			1,225,836
	Diversified Consumer Services – 2.1%
	49,430	Coursera, Inc.*	775,557
	6,552	Duolingo, Inc.*	1,016,805
	16,911	Frontdoor, Inc.*	590,532
	16,966	Rover Group, Inc.*	92,973
			2,475,867
	Diversified Telecommunication Services – 0.1%
	61,687	Globalstar, Inc.*	66,622

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Diversified Telecommunication Services – (continued)
	3,419	Ooma, Inc.*	$         51,285
			117,907
	Electrical Equipment – 4.0%
	10,321	Allied Motion Technologies, Inc.	401,487
	15,147	Array Technologies, Inc.*	288,550
	7,722	Atkore, Inc.*	1,225,250
	2,683	Bloom Energy Corp., Class A*	47,918
	1,037	Encore Wire Corp.	177,006
	4,059	EnerSys	439,671
	5,492	Enovix Corp.*	118,188
	57,859	FTC Solar, Inc.*	219,864
	18,790	NEXTracker, Inc., Class A*	795,757
	4,885	Powell Industries, Inc.	296,910
	12,320	Shoals Technologies Group, Inc., Class A*	319,827
	3,404	Vicor Corp.*	314,087
			4,644,515
	Electronic Equipment, Instruments & Components – 2.2%
	3,991	Advanced Energy Industries, Inc.	499,593
	5,383	Badger Meter, Inc.	886,257
	4,862	Fabrinet (Thailand)*	601,138
	2,782	Lightwave Logic, Inc.*(a)	18,695
	4,030	MicroVision, Inc.*	16,120
	6,002	Napco Security Technologies, Inc.	224,955
	1,620	Novanta, Inc.*	286,578
			2,533,336
	Energy Equipment & Services – 1.6%
	14,520	Borr Drilling Ltd. (Mexico)*	127,486
	2,389	Cactus, Inc., Class A	121,313
	14,479	ChampionX Corp.	515,452
	4,090	Nabors Industries Ltd.*	500,984
	3,845	RPC, Inc.	31,990
	134	Tidewater, Inc.*	8,457
	6,426	Weatherford International PLC*	534,001
			1,839,683

Shares		Description	Value
	Common Stocks – (continued)
	Entertainment – 0.1%
	3,438	Madison Square Garden Entertainment Corp.*	$       119,780
	Financial Services – 1.6%
	5,330	A-Mark Precious Metals, Inc.	217,411
	24,478	EVERTEC, Inc. (Puerto Rico)	962,720
	6,868	Flywire Corp.*	234,473
	10,653	I3 Verticals, Inc., Class A*	266,432
	12,327	StoneCo Ltd., Class A (Brazil)*	178,618
			1,859,654
	Food Products – 0.5%
	1,807	Beyond Meat, Inc.*(a)	31,080
	491	J & J Snack Foods Corp.	78,717
	4,480	John B. Sanfilippo & Son, Inc.	487,917
			597,714
	Ground Transportation – 0.7%
	25,419	Marten Transport Ltd.	575,995
	3,268	PAM Transportation Services, Inc.*	84,510
	6,498	RXO, Inc.*	143,281
			803,786
	Health Care Equipment & Supplies – 5.5%
	3,876	Alphatec Holdings, Inc.*	68,489
	2,940	Artivion, Inc.*	51,215
	4,501	AtriCure, Inc.*	249,130
	4,241	CONMED Corp.	513,373
	1,235	Haemonetics Corp.*	113,916
	13,861	Inari Medical, Inc.*	791,047
	8,992	Inmode Ltd.*	385,847
	6,387	iRadimed Corp.	280,581
	1,326	iRhythm Technologies, Inc.*	139,310
	7,163	Lantheus Holdings, Inc.*	619,528
	9,301	LeMaitre Vascular, Inc.	588,102
	10,935	Merit Medical Systems, Inc.*	816,516
	10,353	Pulmonx Corp.*	144,942
	1,038	RxSight, Inc.*	34,638
	8,467	SI-BONE, Inc.*	218,110

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Health Care Equipment & Supplies – (continued)
	5,769	Surmodics, Inc.*	$       185,012
	4,420	TransMedics Group, Inc.*	411,856
	10,595	Treace Medical Concepts, Inc.*	241,460
	1,042	UFP Technologies, Inc.*	202,841
	4,507	Utah Medical Products, Inc.	443,173
			6,499,086
	Health Care Providers & Services – 4.5%
	21,447	Accolade, Inc.*	322,134
	39,568	Alignment Healthcare, Inc.*	245,717
	758	Apollo Medical Holdings, Inc.*	27,766
	2,519	Ensign Group, Inc. (The)	244,016
	8,702	Guardant Health, Inc.*	339,552
	11,443	HealthEquity, Inc.*	777,437
	76,906	Hims & Hers Health, Inc.*	689,847
	23,043	Joint Corp. (The)*	311,081
	2,950	Option Care Health, Inc.*	99,651
	28,182	Pennant Group, Inc. (The)*	323,529
	1,514	PetIQ, Inc.*	25,344
	14,438	Progyny, Inc.*	602,931
	16,757	Quipt Home Medical Corp.*	88,980
	27,914	Select Medical Holdings Corp.	837,699
	8,969	Surgery Partners, Inc.*	346,472
	6,895	Viemed Healthcare, Inc.*	58,263
			5,340,419
	Health Care Technology – 0.4%
	15,137	Phreesia, Inc.*	480,146
	Hotel & Resort REITs – 1.4%
	40,807	Chatham Lodging Trust REIT	391,747
	24,016	DiamondRock Hospitality Co. REIT	204,136
	40,961	RLJ Lodging Trust REIT	421,899
	6,166	Ryman Hospitality Properties, Inc. REIT	587,558
			1,605,340
	Hotels, Restaurants & Leisure – 4.6%
	28,905	Bloomin’ Brands, Inc.	776,677
	2,707	Brinker International, Inc.*	106,331

Shares		Description	Value
	Common Stocks – (continued)
	Hotels, Restaurants & Leisure – (continued)
	3,180	Cheesecake Factory, Inc. (The)	$       116,960
	14,085	Chuy’s Holdings, Inc.*	585,795
	6,286	Dave & Buster’s Entertainment, Inc.*	287,899
	7,474	Dine Brands Global, Inc.	450,832
	6,891	Everi Holdings, Inc.*	102,262
	5,521	First Watch Restaurant Group, Inc.*	102,911
	8,019	Global Business Travel Group I*	56,454
	18,419	International Game Technology PLC	623,115
	6,726	Monarch Casino & Resort, Inc.	466,246
	14,875	ONE Group Hospitality, Inc. (The)*	109,629
	21,288	PlayAGS, Inc.*	140,927
	30,410	Portillo’s, Inc., Class A*	700,951
	17,643	Sabre Corp.*	72,336
	4,108	Shake Shack, Inc., Class A*	319,027
	18,633	Xponential Fitness, Inc., Class A*	393,529
			5,411,881
	Household Durables – 1.1%
	1,111	iRobot Corp.*	44,440
	3,428	LGI Homes, Inc.*	475,635
	7,830	M/I Homes, Inc.*	783,000
	6,296	Vizio Holding Corp., Class A*	46,905
			1,349,980
	Household Products – 0.4%
	2,526	Energizer Holdings, Inc.	90,178
	1,539	WD-40 Co.	353,201
			443,379
	Independent Power and Renewable Electricity Producers – 0.0%
	870	Montauk Renewables, Inc.*	7,613
	Insurance – 2.2%
	13,339	American Equity Investment Life Holding Co.	715,904
	17,181	BRP Group, Inc., Class A*	427,979
	823	CNO Financial Group, Inc.	21,168
	12,896	Goosehead Insurance, Inc., Class A*	862,355
	604	HCI Group, Inc.	37,937

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Insurance – (continued)
	8,211	Palomar Holdings, Inc.*	$       497,258
			2,562,601
	Interactive Media & Services – 1.0%
	9,692	Cargurus, Inc.*	219,621
	19,072	Eventbrite, Inc., Class A*	219,519
	85,037	Vimeo, Inc.*	350,352
	23,846	ZipRecruiter, Inc., Class A*	441,628
			1,231,120
	IT Services – 0.7%
	15,093	Fastly, Inc., Class A*	277,259
	5,004	Perficient, Inc.*	319,205
	27,758	Thoughtworks Holding, Inc.*	196,804
			793,268
	Leisure Products – 0.4%
	2,251	Malibu Boats, Inc., Class A*	134,948
	11,799	MasterCraft Boat Holdings, Inc.*	361,639
			496,587
	Life Sciences Tools & Services – 0.8%
	18,829	Adaptive Biotechnologies Corp.*	158,917
	9,227	CryoPort, Inc.*	148,278
	2,522	Mesa Laboratories, Inc.	324,481
	36,073	NanoString Technologies, Inc.*	171,707
	10,791	Pacific Biosciences of California, Inc.*	142,549
			945,932
	Machinery – 5.0%
	4,786	Chart Industries, Inc.*	871,818
	17,279	Douglas Dynamics, Inc.	536,513
	1,972	Federal Signal Corp.	120,469
	9,977	Franklin Electric Co., Inc.	985,927
	2,769	John Bean Technologies Corp.	342,276
	1,109	Kadant, Inc.	247,141
	7,736	Mueller Industries, Inc.	627,080
	28,265	Mueller Water Products, Inc., Class A	454,784

Shares		Description	Value
	Common Stocks – (continued)
	Machinery – (continued)
	1,749	Omega Flex, Inc.	$       156,570
	5,118	Shyft Group, Inc. (The)	73,853
	16,583	Wabash National Corp.	392,685
	5,850	Watts Water Technologies, Inc., Class A	1,091,201
			5,900,317
	Media – 0.4%
	137	Daily Journal Corp.*	39,664
	11,007	TechTarget, Inc.*	357,507
	711	Thryv Holdings, Inc.*	16,851
			414,022
	Metals & Mining – 1.5%
	20,043	ATI, Inc.*	955,650
	2,653	Carpenter Technology Corp.	158,809
	5,270	Coeur Mining, Inc.*	16,232
	26,520	Constellium SE*	506,267
	1,431	Haynes International, Inc.	71,779
	582	Materion Corp.	69,339
	535	Piedmont Lithium, Inc.*	29,350
			1,807,426
	Oil, Gas & Consumable Fuels – 1.6%
	2,272	Ardmore Shipping Corp. (Ireland)	31,990
	452	CONSOL Energy, Inc.	33,683
	3,944	DHT Holdings, Inc.	38,848
	5,791	Dorian LPG Ltd.	172,224
	3,289	Energy Fuels, Inc.*	20,984
	3,432	International Seaways, Inc.	147,198
	43,160	Kosmos Energy Ltd. (Ghana) *	306,436
	15,590	Magnolia Oil & Gas Corp., Class A	345,319
	54,159	Nordic American Tankers Ltd.	237,758
	2,938	Scorpio Tankers, Inc. (Monaco)	138,204
	6,770	Teekay Corp. (Bermuda) *	45,088
	9,295	Teekay Tankers Ltd., Class A (Canada)	405,355
			1,923,087

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Passenger Airlines – 0.2%
	2,939	Frontier Group Holdings, Inc.*	$         27,333
	2,917	Joby Aviation, Inc.*	26,107
	8,352	Sun Country Airlines Holdings, Inc.*	180,069
			233,509
	Personal Care Products – 1.0%
	15,661	Beauty Health Co. (The)*	129,830
	8,573	elf Beauty, Inc.*	1,000,640
			1,130,470
	Pharmaceuticals – 2.3%
	43,953	Amneal Pharmaceuticals, Inc.*	140,650
	14,579	Amphastar Pharmaceuticals, Inc.*	884,800
	8,494	Arvinas, Inc.*	209,972
	4,831	Axsome Therapeutics, Inc.*	379,089
	1,226	Cassava Sciences, Inc.*(a)	26,947
	9,899	Collegium Pharmaceutical, Inc.*	225,301
	11,977	Harmony Biosciences Holdings, Inc.*	423,626
	6,012	Intra-Cellular Therapies, Inc.*	371,782
	5,015	Ocular Therapeutix, Inc.*	22,768
	5,038	Phibro Animal Health Corp., Class A	72,950
			2,757,885
	Professional Services – 3.4%
	17,106	CBIZ, Inc.*	904,736
	5,625	ExlService Holdings, Inc.*	792,844
	11,494	Exponent, Inc.	1,029,633
	8,372	Franklin Covey Co.*	398,926
	2,886	Huron Consulting Group, Inc.*	272,929
	9,013	IBEX Holdings Ltd.*	178,908
	574	Insperity, Inc.	67,531
	4,286	Legalzoom.com, Inc.*	65,490
	2,088	NV5 Global, Inc.*	228,740
			3,939,737
	Real Estate Management & Development – 0.9%
	64,447	Compass, Inc., Class A*	270,033
	3,624	eXp World Holdings, Inc.	90,383

Shares		Description	Value
	Common Stocks – (continued)
	Real Estate Management & Development – (continued)
	42,844	Redfin Corp.*	$       641,803
			1,002,219
	Residential REITs – 0.8%
	16,273	Independence Realty Trust, Inc. REIT	277,292
	15,790	NexPoint Residential Trust, Inc. REIT	656,232
			933,524
	Retail REITs – 0.4%
	1,418	Alexander’s, Inc. REIT	274,198
	6,280	Tanger Factory Outlet Centers, Inc. REIT	147,015
			421,213
	Semiconductors & Semiconductor Equipment – 3.4%
	3,905	Aehr Test Systems*	203,685
	1,697	Ambarella, Inc.*	141,564
	6,350	Axcelis Technologies, Inc.*	1,273,048
	6,163	Diodes, Inc.*	582,342
	21,282	FormFactor, Inc.*	790,839
	2,226	MaxLinear, Inc.*	54,915
	595	NVE Corp.	47,130
	2,085	Onto Innovation, Inc.*	259,207
	9,887	PDF Solutions, Inc.*	454,703
	1,208	Rambus, Inc.*	75,633
	1,020	SiTime Corp.*	131,590
			4,014,656
	Software – 9.2%
	8,824	Alarm.com Holdings, Inc.*	487,173
	3,426	Altair Engineering, Inc., Class A*	256,744
	15,433	Amplitude, Inc., Class A*	178,714
	7,063	Appian Corp., Class A*	363,886
	30,250	Asana, Inc., Class A*	734,470
	5,031	BlackLine, Inc.*	292,200
	9,642	Box, Inc., Class A*	301,313
	2,708	C3.ai, Inc., Class A*(a)	113,736
	33,278	Clear Secure, Inc., Class A	789,021
	13,653	CommVault Systems, Inc.*	1,063,978

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Software – (continued)
	3,846	Everbridge, Inc.*	$       118,611
	19,633	Freshworks, Inc., Class A*	366,352
	1,060	Intapp, Inc.*	43,524
	19,286	Marathon Digital Holdings, Inc.*(a)	334,998
	907	MicroStrategy, Inc., Class A*(a)	397,157
	8,187	PagerDuty, Inc.*	212,207
	6,281	PROS Holdings, Inc.*	238,678
	1,611	Qualys, Inc.*	223,607
	2,550	Rapid7, Inc.*	117,071
	9,165	Red Violet, Inc.*(a)	189,807
	6,810	Riot Platforms, Inc.*	126,121
	16,212	Sapiens International Corp. NV (Israel)	436,751
	6,977	Sprout Social, Inc., Class A*	398,666
	5,488	SPS Commerce, Inc.*	989,980
	11,958	Tenable Holdings, Inc.*	581,876
	10,415	Varonis Systems, Inc.*	298,911
	708	Workiva, Inc.*	74,545
	34,195	Yext, Inc.*	332,375
	66,804	Zeta Global Holdings Corp., Class A*	615,933
	14,853	Zuora, Inc., Class A*	174,226
			10,852,631
	Specialized REITs – 0.6%
	45,960	Outfront Media, Inc. REIT	710,542
	Specialty Retail – 1.6%
	1,873	Asbury Automotive Group, Inc.*	422,549
	7,229	Boot Barn Holdings, Inc.*	678,803
	33,265	CarParts.com, Inc.*	166,991
	2,476	Carvana Co.*	113,772
	51	Group 1 Automotive, Inc.	13,185
	28,793	Sally Beauty Holdings, Inc.*	344,652
	1,792	Urban Outfitters, Inc.*	65,175
	1,714	Warby Parker, Inc., Class A*	25,607
			1,830,734
	Technology Hardware, Storage & Peripherals – 1.9%
	6,622	Super Micro Computer, Inc.*	2,187,048

Shares		Description	Value
	Common Stocks – (continued)
	Textiles, Apparel & Luxury Goods – 0.3%
	1,749	G-III Apparel Group Ltd.*	$         36,222
	1,871	Kontoor Brands, Inc.	79,256
	1,783	Oxford Industries, Inc.	192,296
			307,774
	Trading Companies & Distributors – 1.6%
	7,903	Applied Industrial Technologies, Inc.	1,145,856
	5,363	GMS, Inc.*	395,199
	2,555	Herc Holdings, Inc.	341,936
			1,882,991
	TOTAL COMMON STOCKS
	(Cost $97,136,858)		$114,439,049
Shares		Dividend Rate	Value
	Investment Company – 1.4%(b)
	Goldman Sachs Financial Square Government Fund – Institutional Shares
	1,657,179	5.220%	$    1,657,179
	(Cost $1,657,179)
	TOTAL INVESTMENTS BEFORE SECURITIES LENDING REINVESTMENT VEHICLE
	(Cost $98,794,037)		$116,096,228
	Securities Lending Reinvestment Vehicle – 1.2%(b)
	Goldman Sachs Financial Square Government Fund – Institutional Shares
	1,365,466	5.220%	$    1,365,466
	(Cost $1,365,466)
	TOTAL INVESTMENTS – 100.0%
	(Cost $100,159,503)		$117,461,694
	OTHER ASSETS IN EXCESS OF LIABILITIES – 0.0%		17,733
	NET ASSETS – 100.0%		$117,479,427

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

*	Non-income producing security.
(a)	All or a portion of security is on loan.
(b)	Represents an affiliated issuer.

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

GOLDMAN SACHS SMALL CAP GROWTH INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At July 31, 2023, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date		Notional Amount		Unrealized Appreciation/ (Depreciation)
Long position contracts:
Russell 2000 E-Mini Index	18		09/15/23	$	1,812,240	$	14,715

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – 98.6%
	Aerospace & Defense – 1.9%
	80,108	AAR Corp.*	$    4,790,459
	36,010	Ducommun, Inc.*	1,805,541
	202,914	Kratos Defense & Security Solutions, Inc.*	3,061,972
	4,409	Moog, Inc., Class A	464,885
	33,182	National Presto Industries, Inc.	2,598,483
	26,765	Parsons Corp.*	1,322,726
	358,619	Triumph Group, Inc.*	4,536,530
			18,580,596
	Automobile Components – 1.2%
	63,774	Adient PLC*	2,714,221
	579,626	American Axle & Manufacturing Holdings, Inc.*	5,477,466
	23,154	Dana, Inc.	439,463
	159,819	Goodyear Tire & Rubber Co. (The)*	2,569,890
	13,575	Modine Manufacturing Co.*	509,877
			11,710,917
	Banks – 14.9%
	43,006	1st Source Corp.	2,016,981
	157,437	Amalgamated Financial Corp.	3,142,442
	121,039	Ameris Bancorp	5,283,352
	271,970	Associated Banc-Corp.	5,153,831
	66,942	Axos Financial, Inc.*	3,146,274
	9,129	BancFirst Corp.	911,987
	231,613	Bank of NT Butterfield & Son Ltd. (The) (Bermuda)	7,441,726
	71,382	BankUnited, Inc.	2,130,039
	3,224	Bankwell Financial Group, Inc.	88,176
	39,285	Banner Corp.	1,870,359
	65,001	BayCom Corp.	1,310,420
	60,315	Business First Bancshares, Inc.	1,233,442
	19,259	Cadence Bank	482,438
	26,315	Capital Bancorp, Inc.	530,247
	39,060	Capstar Financial Holdings, Inc.	581,213
	27,271	Carter Bankshares, Inc.*	400,611
	33,407	Cathay General Bancorp	1,270,802
	174,686	Central Pacific Financial Corp.	3,186,273
	21,533	Community Trust Bancorp, Inc.	826,437
	9,685	CrossFirst Bankshares, Inc.*	113,024
	125,103	CVB Financial Corp.	2,360,694

Shares		Description	Value
	Common Stocks – (continued)
	Banks – (continued)
	80,485	Enterprise Financial Services Corp.	$    3,299,885
	26,576	FB Financial Corp.	941,322
	20,629	Financial Institutions, Inc.	395,664
	328,514	First BanCorp. (Puerto Rico)	4,878,433
	10,223	First Financial Bancorp	236,049
	3,817	First Financial Corp.	145,848
	31,091	First Interstate BancSystem, Inc., Class A	893,244
	173,352	Glacier Bancorp, Inc.	5,668,610
	48,692	Great Southern Bancorp, Inc.	2,694,128
	132,843	Hancock Whitney Corp.	5,846,420
	172,883	Hanmi Financial Corp.	3,284,777
	80,414	Heartland Financial USA, Inc.	2,761,417
	46,903	Heritage Commerce Corp.	450,269
	183,545	Heritage Financial Corp.	3,443,304
	37,740	Home BancShares, Inc.	917,459
	34,702	HomeTrust Bancshares, Inc.	843,606
	32,917	Hope Bancorp, Inc.	357,479
	109,413	Independent Bank Corp.	2,260,473
	100,681	International Bancshares Corp.	4,997,805
	41,882	Live Oak Bancshares, Inc.	1,586,071
	8,535	Macatawa Bank Corp.	84,070
	115,591	National Bank Holdings Corp., Class A	3,971,707
	34,489	Northeast Bank	1,643,056
	33,749	OFG Bancorp (Puerto Rico)	1,130,254
	247,191	Old National Bancorp	4,209,663
	149,378	Old Second Bancorp, Inc.	2,388,554
	108,899	Origin Bancorp, Inc.	3,550,107
	46,579	Pathward Financial, Inc.	2,420,245
	38,022	PCB Bancorp	620,519
	17,631	Preferred Bank	1,165,056
	7,053	Provident Financial Services, Inc.	130,763
	2,716	QCR Holdings, Inc.	139,141
	54,699	Renasant Corp.	1,692,387
	6,368	Republic Bancorp, Inc., Class A	291,845
	145,621	Seacoast Banking Corp. of Florida	3,598,295
	56,544	Sierra Bancorp	1,190,817
	9,849	Southern First Bancshares, Inc.*	297,243
	14,286	Southside Bancshares, Inc.	474,438
	25,749	SouthState Corp.	1,999,925
	21,976	Texas Capital Bancshares, Inc.*	1,403,168
	107,810	TrustCo Bank Corp.	3,276,346

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Banks – (continued)
	44,229	Trustmark Corp.	$    1,161,454
	74,617	UMB Financial Corp.	5,297,807
	19,999	United Bankshares, Inc.	668,767
	46,701	United Community Banks, Inc.	1,357,598
	16,548	Unity Bancorp, Inc.	438,853
	593,620	Valley National Bancorp	6,090,541
	174,033	Veritex Holdings, Inc.	3,743,450
	27,694	Washington Trust Bancorp, Inc.	887,870
	47,197	Westamerica BanCorp	2,321,620
	22,278	WSFS Financial Corp.	974,662
			148,003,252
	Beverages – 0.8%
	367	Coca-Cola Consolidated, Inc.	232,461
	533,886	Primo Water Corp.	7,565,165
			7,797,626
	Biotechnology – 5.2%
	16,183	2seventy bio, Inc.*	122,829
	26,940	4D Molecular Therapeutics, Inc.*	493,002
	129,880	ADMA Biologics, Inc.*	539,002
	93,541	Allakos, Inc.*	503,251
	138,405	Allogene Therapeutics, Inc.*	686,489
	25,486	Allovir, Inc.*	83,849
	63,843	ALX Oncology Holdings, Inc.*	390,081
	22,916	Arcturus Therapeutics Holdings, Inc.*	801,143
	69,319	Aurinia Pharmaceuticals, Inc. (Canada)*	802,714
	73,869	Avidity Biosciences, Inc.*	702,494
	154,094	Biohaven Ltd.*	3,063,389
	11,184	Bridgebio Pharma, Inc.*	391,552
	65,269	CareDx, Inc.*	712,085
	48,631	Caribou Biosciences, Inc.*	349,657
	21,505	Celldex Therapeutics, Inc.*	760,417
	153,930	Deciphera Pharmaceuticals, Inc.*	2,081,134
	69,894	Design Therapeutics, Inc.*(a)	568,937
	44,473	Dyne Therapeutics, Inc.*	541,681
	57,576	Enanta Pharmaceuticals, Inc.*	1,092,217
	128,574	Erasca, Inc.*	339,435
	30,313	Fate Therapeutics, Inc.*	125,193
	167,719	Generation Bio Co.*	852,012
	130,559	Ideaya Biosciences, Inc.*	2,919,299

Shares		Description	Value
	Common Stocks – (continued)
	Biotechnology – (continued)
	364,722	Iovance Biotherapeutics, Inc.*	$    2,647,882
	105,425	iTeos Therapeutics, Inc.*	1,482,275
	166,147	KalVista Pharmaceuticals, Inc.*	1,678,085
	18,570	Kiniksa Pharmaceuticals Ltd., Class A*	349,859
	173,967	Kodiak Sciences, Inc.*	520,161
	119,176	MacroGenics, Inc.*	568,470
	232,293	MannKind Corp.*	1,061,579
	61,641	MeiraGTx Holdings PLC*	388,338
	88,275	Myriad Genetics, Inc.*	1,972,946
	129,036	Nurix Therapeutics, Inc.*	1,252,940
	185,334	PMV Pharmaceuticals, Inc.*	1,212,084
	49,918	Poseida Therapeutics, Inc.*	86,358
	99,038	Recursion Pharmaceuticals, Inc., Class A*	1,398,417
	23,699	REGENXBIO, Inc.*	450,281
	98,164	Replimune Group, Inc.*	2,068,315
	57,020	REVOLUTION Medicines, Inc.*	1,496,775
	125,658	Rocket Pharmaceuticals, Inc.*	2,268,127
	237,269	Sana Biotechnology, Inc.*(a)	1,390,396
	454,266	Sutro Biopharma, Inc.*	2,030,569
	20,314	TG Therapeutics, Inc.*	420,297
	506,748	Vanda Pharmaceuticals, Inc.*	2,929,003
	136,776	Veracyte, Inc.*	3,754,501
	9,404	Verve Therapeutics, Inc.*	192,688
	43,640	Vir Biotechnology, Inc.*	614,451
	59,651	Y-mAbs Therapeutics, Inc.*	363,275
			51,519,934
	Building Products – 0.9%
	30,848	American Woodmark Corp.*	2,364,191
	1,924	Griffon Corp.	80,269
	11,277	JELD-WEN Holding, Inc.*	200,844
	502,081	Masterbrand, Inc.*	6,200,700
	2,900	Simpson Manufacturing Co., Inc.	458,200
			9,304,204
	Capital Markets – 0.2%
	18,479	StoneX Group, Inc.*	1,700,253
	Chemicals – 1.2%
	122,549	Aspen Aerogels, Inc.*	1,022,059
	45,646	Avient Corp.	1,850,032

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Chemicals – (continued)
	646	Innospec, Inc.	$       69,212
	90,444	LSB Industries, Inc.*	1,010,259
	120,085	Minerals Technologies, Inc.	7,367,215
	24,183	PureCycle Technologies, Inc.*	286,327
			11,605,104
	Commercial Services & Supplies – 1.3%
	105,892	ACV Auctions, Inc., Class A*	1,852,051
	124,256	BrightView Holdings, Inc.*	958,014
	188,792	Ennis, Inc.	4,066,580
	33,919	OPENLANE, Inc.*	532,528
	535,611	Steelcase, Inc., Class A	4,590,186
	3,173	UniFirst Corp.	514,978
			12,514,337
	Communications Equipment – 0.6%
	225,943	NetScout Systems, Inc.*	6,315,107
	Construction & Engineering – 1.1%
	101,649	Arcosa, Inc.	7,845,270
	2,962	Comfort Systems USA, Inc.	515,299
	8,973	Northwest Pipe Co.*	292,340
	28,599	Sterling Infrastructure, Inc.*	1,715,654
	10,970	Tutor Perini Corp.*	92,697
			10,461,260
	Construction Materials – 0.8%
	225,151	Summit Materials, Inc., Class A*	8,145,963
	Consumer Finance – 0.1%
	73,814	LendingClub Corp.*	619,299
	Consumer Staples Distribution & Retail – 0.1%
	47,638	Natural Grocers by Vitamin Cottage, Inc.	593,093
	Diversified Consumer Services – 0.9%
	89,219	2U, Inc.*	426,467
	20,658	Coursera, Inc.*	324,124
	31,167	Duolingo, Inc.*	4,836,807
	63,495	Frontdoor, Inc.*	2,217,245

Shares		Description	Value
	Common Stocks – (continued)
	Diversified Consumer Services – (continued)
	1,709	Graham Holdings Co., Class B	$  1,002,756
			8,807,399
	Diversified REITs – 1.9%
	175,826	Alexander & Baldwin, Inc. REIT	3,375,859
	158,034	American Assets Trust, Inc. REIT	3,555,765
	301,661	Broadstone Net Lease, Inc. REIT	4,917,074
	22,838	Empire State Realty Trust, Inc., Class A REIT	204,400
	269,079	Essential Properties Realty Trust, Inc. REIT	6,605,890
			18,658,988
	Diversified Telecommunication Services – 0.1%
	25,800	Bandwidth, Inc., Class A*	390,870
	173,297	Globalstar, Inc.*	187,161
			578,031
	Electric Utilities – 0.2%
	31,187	ALLETE, Inc.	1,791,069
	Electrical Equipment – 1.9%
	10,959	Atkore, Inc.*	1,738,864
	46,937	Encore Wire Corp.	8,011,677
	165,917	FTC Solar, Inc.*	630,485
	47,802	NEXTracker, Inc., Class A*	2,024,415
	72,032	Powell Industries, Inc.	4,378,105
	84,848	Thermon Group Holdings, Inc.*	2,342,653
			19,126,199
	Electronic Equipment, Instruments & Components – 2.3%
	23,780	Itron, Inc.*	1,870,772
	91,668	Knowles Corp.*	1,674,774
	32,387	Methode Electronics, Inc.	1,089,499
	43,040	nLight, Inc.*	619,776
	52,997	PC Connection, Inc.	2,565,585
	117,304	Sanmina Corp.*	7,209,504
	281,645	TTM Technologies, Inc.*	4,044,422
	37,624	Vishay Intertechnology, Inc.	1,059,116
	71,058	Vishay Precision Group, Inc.*	2,658,280
			22,791,728

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Energy Equipment & Services – 1.7%
	21,256	DMC Global, Inc.*	$       400,888
	77,707	Dril-Quip, Inc.*	2,011,834
	105,545	Helix Energy Solutions Group, Inc.*	1,013,232
	4,987	Helmerich & Payne, Inc.	223,268
	115,976	Liberty Energy, Inc.	1,910,125
	16,271	Nabors Industries Ltd.*	1,993,035
	331,553	Oil States International, Inc.*	2,665,686
	144,418	Patterson-UTI Energy, Inc.	2,287,581
	322,614	RPC, Inc.	2,684,149
	136,695	US Silica Holdings, Inc.*	1,778,402
			16,968,200
	Entertainment – 0.0%
	9,353	Madison Square Garden Entertainment Corp.*	325,859
	Financial Services – 3.9%
	148,233	A-Mark Precious Metals, Inc.	6,046,424
	248,080	Banco Latinoamericano de Comercio Exterior SA, Class E (Panama)	5,785,226
	46,693	Cannae Holdings, Inc.*	951,603
	143,003	Essent Group Ltd.	7,092,949
	5,086	EVERTEC, Inc. (Puerto Rico)	200,032
	442,570	Marqeta, Inc., Class A*	2,469,541
	139,954	Merchants Bancorp	4,423,946
	220,924	NMI Holdings, Inc., Class A*	5,900,880
	115,272	Radian Group, Inc.	3,104,275
	63,230	Repay Holdings Corp.*	527,970
	157,249	StoneCo Ltd., Class A (Brazil)*	2,278,538
			38,781,384
	Food Products – 0.3%
	88,094	B&G Foods, Inc.(a)	1,168,127
	19,174	John B. Sanfilippo & Son, Inc.	2,088,240
			3,256,367
	Gas Utilities – 0.7%
	73,522	Northwest Natural Holding Co.	3,159,240
	40,640	ONE Gas, Inc.	3,215,843
	5,290	Southwest Gas Holdings, Inc.	348,823
			6,723,906

Shares		Description	Value
	Common Stocks – (continued)
	Ground Transportation – 0.1%
	7,438	ArcBest Corp.	$       865,188
	Health Care Equipment & Supplies – 1.0%
	123,642	AngioDynamics, Inc.*	1,074,449
	9,684	Artivion, Inc.*	168,695
	4,115	AtriCure, Inc.*	227,765
	22,609	Inari Medical, Inc.*	1,290,296
	12,311	Inogen, Inc.*	100,581
	14,370	LivaNova PLC*	839,926
	72,002	Nano-X Imaging Ltd. (Israel)*(a)	892,825
	7,829	Utah Medical Products, Inc.	769,826
	182,308	Varex Imaging Corp.*	4,245,953
			9,610,316
	Health Care Providers & Services – 1.9%
	17,677	Accolade, Inc.*	265,509
	568,493	Brookdale Senior Living, Inc.*	2,001,095
	83,514	Cano Health, Inc.*	122,766
	44,967	Community Health Systems, Inc.*	197,405
	3,345	Fulgent Genetics, Inc.*	129,886
	151,103	Hims & Hers Health, Inc.*	1,355,394
	47,837	Joint Corp. (The)*	645,799
	87,765	National HealthCare Corp.	5,179,890
	74,201	NeoGenomics, Inc.*	1,285,903
	66,989	Owens & Minor, Inc.*	1,288,868
	285,853	Pediatrix Medical Group, Inc.*	3,924,762
	23,279	Pennant Group, Inc. (The)*	267,243
	14,297	Progyny, Inc.*	597,043
	43,309	Select Medical Holdings Corp.	1,299,703
	1,677	Surgery Partners, Inc.*	64,783
			18,626,049
	Health Care REITs – 0.1%
	526,904	Diversified Healthcare Trust REIT	1,101,229
	Health Care Technology – 0.2%
	124,224	American Well Corp., Class A*	304,349
	56,157	Health Catalyst, Inc.*	787,883
	44,875	HealthStream, Inc.	1,008,790
	9,946	Phreesia, Inc.*	315,487
			2,416,509

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Hotel & Resort REITs – 4.0%
	373,697	Apple Hospitality REIT, Inc. REIT	$    5,792,303
	486,873	Chatham Lodging Trust REIT	4,673,981
	818,221	DiamondRock Hospitality Co. REIT	6,954,879
	646,840	RLJ Lodging Trust REIT	6,662,452
	21,701	Ryman Hospitality Properties, Inc. REIT	2,067,888
	616,617	Service Properties Trust REIT	5,235,078
	441,139	Summit Hotel Properties, Inc. REIT	2,840,935
	256,294	Sunstone Hotel Investors, Inc. REIT	2,611,636
	234,884	Xenia Hotels & Resorts, Inc. REIT	2,983,027
			39,822,179
	Hotels, Restaurants & Leisure – 1.4%
	101,260	Chuy’s Holdings, Inc.*	4,211,403
	22,363	Everi Holdings, Inc.*	331,867
	206,822	First Watch Restaurant Group, Inc.*	3,855,162
	112,692	Lindblad Expeditions Holdings, Inc.*	1,332,019
	45,972	Portillo’s, Inc., Class A*	1,059,655
	682,348	Sabre Corp.*	2,797,627
	37,880	Xponential Fitness, Inc., Class A*	800,026
			14,387,759
	Household Durables – 3.3%
	16,358	Beazer Homes USA, Inc.*	550,120
	57,681	Green Brick Partners, Inc.*	3,260,130
	4,736	Hovnanian Enterprises, Inc., Class A*	504,952
	67,889	KB Home	3,663,969
	61,136	LGI Homes, Inc.*	8,482,620
	87,088	M/I Homes, Inc.*	8,708,800
	103,561	Taylor Morrison Home Corp.*	5,014,424
	94,792	Tri Pointe Homes, Inc.*	3,021,969
			33,206,984
	Independent Power and Renewable Electricity Producers – 0.0%
	71,716	Altus Power, Inc.*(a)	488,386
	Industrial REITs – 1.5%
	601,424	LXP Industrial Trust REIT	6,056,339
	22,575	Plymouth Industrial REIT, Inc. REIT	514,033
	144,232	Terreno Realty Corp. REIT	8,558,727
			15,129,099

Shares		Description	Value
	Common Stocks – (continued)
	Insurance – 5.8%
	116,075	Ambac Financial Group, Inc.*	$    1,641,300
	176,052	American Equity Investment Life Holding Co.	9,448,711
	53,197	AMERISAFE, Inc.	2,772,628
	336,749	CNO Financial Group, Inc.	8,661,184
	164,717	Employers Holdings, Inc.	6,363,018
	11,097	Enstar Group Ltd.*	2,839,500
	906,370	Genworth Financial, Inc., Class A*	5,311,328
	93,475	Goosehead Insurance, Inc., Class A*	6,250,673
	1,728	Investors Title Co.	270,518
	146,596	James River Group Holdings Ltd.	2,710,560
	82,290	Lemonade, Inc.*(a)	1,913,243
	163,809	Oscar Health, Inc., Class A*	1,231,844
	23,403	Palomar Holdings, Inc.*	1,417,286
	33,511	Skyward Specialty Insurance Group, Inc.*	793,876
	105,517	Stewart Information Services Corp.	4,973,016
	75,612	Tiptree, Inc.	1,116,789
	11,792	Universal Insurance Holdings, Inc.	183,130
			57,898,604
	Interactive Media & Services – 0.6%
	160,347	Bumble, Inc., Class A*	2,969,626
	280,816	fuboTV, Inc.*(a)	946,350
	464,081	Vimeo, Inc.*	1,912,014
			5,827,990
	IT Services – 0.5%
	160,235	Fastly, Inc., Class A*	2,943,517
	43,194	Rackspace Technology, Inc.*	100,210
	61,486	Squarespace, Inc., Class A*	2,037,646
			5,081,373
	Leisure Products – 0.4%
	77,711	Latham Group, Inc.*	306,181
	4,143	Malibu Boats, Inc., Class A*	248,373
	180,643	Topgolf Callaway Brands Corp.*	3,607,441
			4,161,995
	Life Sciences Tools & Services – 0.7%
	402,961	Adaptive Biotechnologies Corp.*	3,400,991
	28,213	NanoString Technologies, Inc.*	134,294
	2,023	OmniAb, Inc. 12.5 Earnout*(b)	—

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Life Sciences Tools & Services – (continued)
	2,023	OmniAb, Inc. 15.00 Earnout*(b)	$                —
	245,837	Pacific Biosciences of California, Inc.*	3,247,507
			6,782,792
	Machinery – 2.4%
	43,332	Barnes Group, Inc.	1,702,948
	103,709	Columbus McKinnon Corp.	4,391,039
	13,998	EnPro Industries, Inc.	1,942,642
	6,989	Franklin Electric Co., Inc.	690,653
	45,619	Greenbrier Cos., Inc. (The)	2,107,142
	76,482	Kennametal, Inc.	2,331,171
	81,611	Manitowoc Co., Inc. (The)*	1,478,791
	79,486	Miller Industries, Inc.	3,015,699
	66,588	Mueller Industries, Inc.	5,397,623
	267,956	Nikola Corp.*(a)	715,443
	44,118	REV Group, Inc.	570,446
			24,343,597
	Marine Transportation – 0.6%
	402,400	Costamare, Inc. (Monaco)	4,494,808
	467,961	Safe Bulkers, Inc. (Greece)	1,558,310
			6,053,118
	Media – 1.1%
	53,713	Cardlytics, Inc.*	626,831
	379,930	Clear Channel Outdoor Holdings, Inc.*	683,874
	1,317	Daily Journal Corp.*	381,298
	327,443	EW Scripps Co. (The), Class A*	3,228,588
	229,288	Gray Television, Inc.	2,171,357
	174,382	Thryv Holdings, Inc.*	4,132,853
			11,224,801
	Metals & Mining – 3.0%
	137,151	Carpenter Technology Corp.	8,209,859
	944,451	Coeur Mining, Inc.*	2,908,909
	93,643	Commercial Metals Co.	5,358,252
	89,206	Constellium SE*	1,702,943
	93,749	Haynes International, Inc.	4,702,450
	52,809	Olympic Steel, Inc.	2,946,214
	50,839	Piedmont Lithium, Inc.*	2,789,027
	10,023	Ryerson Holding Corp.	425,877

Shares		Description	Value
	Common Stocks – (continued)
	Metals & Mining – (continued)
	17,047	Warrior Met Coal, Inc.	$       754,330
			29,797,861
	Mortgage Real Estate Investment Trusts (REITs) – 2.4%
	26,587	Apollo Commercial Real Estate Finance, Inc. REIT	313,727
	826,570	ARMOUR Residential REIT, Inc. REIT	4,223,773
	204,563	Blackstone Mortgage Trust, Inc., Class A REIT	4,702,903
	438,858	BrightSpire Capital, Inc. REIT	3,229,995
	60,651	Chimera Investment Corp. REIT	380,888
	176,404	KKR Real Estate Finance Trust, Inc. REIT	2,197,994
	145,902	Ladder Capital Corp. REIT	1,603,463
	333,921	MFA Financial, Inc. REIT	3,759,951
	128,999	Nexpoint Real Estate Finance, Inc. REIT	2,207,173
	68,714	Redwood Trust, Inc. REIT	517,416
	34,142	Two Harbors Investment Corp. REIT	457,844
			23,595,127
	Multi-Utilities – 0.3%
	57,326	Black Hills Corp.	3,458,478
	Office REITs – 0.8%
	273,402	City Office REIT, Inc. REIT	1,495,509
	318,971	Equity Commonwealth REIT	6,248,642
			7,744,151
	Oil, Gas & Consumable Fuels – 7.3%
	100,947	Amplify Energy Corp.*	740,951
	274,484	Ardmore Shipping Corp. (Ireland)	3,864,735
	9,494	Centrus Energy Corp., Class A*	356,974
	25,165	Chord Energy Corp.	3,946,879
	14,470	Civitas Resources, Inc.	1,083,224
	33,014	Clean Energy Fuels Corp.*	162,759
	38,746	CONSOL Energy, Inc.	2,887,352
	144,874	Delek US Holdings, Inc.	3,997,074
	541,714	DHT Holdings, Inc.	5,335,883
	49,414	Dorian LPG Ltd.	1,469,572
	195,489	Golar LNG Ltd. (Cameroon)	4,715,195
	6,265	Green Plains, Inc.*	222,470
	157,115	International Seaways, Inc.	6,738,662

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Oil, Gas & Consumable Fuels – (continued)
	1,353,622	Nordic American Tankers Ltd.	$    5,942,401
	79,508	PBF Energy, Inc., Class A	3,771,859
	104,413	Peabody Energy Corp.	2,343,028
	216,154	Permian Resources Corp.	2,526,840
	144,043	Scorpio Tankers, Inc. (Monaco)	6,775,783
	183,641	SFL Corp. Ltd. (Norway)	1,810,700
	470,709	Teekay Corp. (Bermuda)*	3,134,922
	155,340	Teekay Tankers Ltd., Class A (Canada)	6,774,377
	79,166	Tellurian, Inc.*	136,166
	156,676	Vitesse Energy, Inc.	3,946,668
			72,684,474
	Passenger Airlines – 0.8%
	32,886	Hawaiian Holdings, Inc.*	381,149
	525,300	JetBlue Airways Corp.*	4,081,581
	96,766	Joby Aviation, Inc.*(a)	866,055
	33,900	SkyWest, Inc.*	1,491,261
	52,598	Sun Country Airlines Holdings, Inc.*	1,134,013
			7,954,059
	Personal Care Products – 0.3%
	22,576	elf Beauty, Inc.*	2,635,071
	Pharmaceuticals – 1.0%
	34,773	Amneal Pharmaceuticals, Inc.*	111,274
	231,302	Assertio Holdings, Inc.*	1,316,108
	103,626	Atea Pharmaceuticals, Inc.*	355,437
	13,677	Edgewise Therapeutics, Inc.*	99,705
	11,222	Ligand Pharmaceuticals, Inc.*	751,089
	118,363	Prestige Consumer Healthcare, Inc.*	7,718,451
			10,352,064
	Professional Services – 0.5%
	366,785	Alight, Inc., Class A*	3,587,157
	14,205	Exponent, Inc.	1,272,484
			4,859,641
	Real Estate Management & Development – 0.9%
	243,269	Anywhere Real Estate, Inc.*	2,038,594
	175,300	Compass, Inc., Class A*	734,507
	170,240	Douglas Elliman, Inc.	376,230

Shares		Description	Value
	Common Stocks – (continued)
	Real Estate Management & Development – (continued)
	8,043	Forestar Group, Inc.*	$       237,108
	324,480	Newmark Group, Inc., Class A	2,245,402
	131,976	Opendoor Technologies, Inc.*	674,397
	162,041	Redfin Corp.*	2,427,374
			8,733,612
	Residential REITs – 1.7%
	50,869	Centerspace REIT	3,160,491
	26,232	Elme Communities REIT	426,270
	498,587	Independence Realty Trust, Inc. REIT	8,495,923
	113,381	NexPoint Residential Trust, Inc. REIT	4,712,114
			16,794,798
	Retail REITs – 1.3%
	269,263	Kite Realty Group Trust REIT	6,160,737
	129,200	Macerich Co. (The) REIT	1,647,300
	25,860	NETSTREIT Corp. REIT	462,635
	59,513	RPT Realty REIT	646,906
	245,993	SITE Centers Corp. REIT	3,456,202
	20,643	Tanger Factory Outlet Centers, Inc. REIT	483,253
			12,857,033
	Semiconductors & Semiconductor Equipment – 0.4%
	1,655	Axcelis Technologies, Inc.*	331,794
	61,652	Cohu, Inc.*	2,691,110
	2,268	Diodes, Inc.*	214,303
	3,780	Ichor Holdings Ltd.*	146,362
	1,370	Synaptics, Inc.*	123,725
			3,507,294
	Software – 0.9%
	56,739	Asana, Inc., Class A*	1,377,623
	6,198	Cerence, Inc.*	172,366
	233,910	Cleanspark, Inc.*	1,405,799
	185,950	Clear Secure, Inc., Class A	4,408,875
	12,852	LiveRamp Holdings, Inc.*	366,796
	14,947	ON24, Inc.	132,281
	7,704	Riot Platforms, Inc.*	142,678
	128,384	SolarWinds Corp.*	1,353,167
			9,359,585

GOLDMAN SACHS SMALL CAP VALUE INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Specialized REITs – 0.3%
	101,173	Four Corners Property Trust, Inc. REIT	$    2,660,850
	Specialty Retail – 4.1%
	60,303	Aaron’s Co., Inc. (The)	953,993
	17,905	American Eagle Outfitters, Inc.	251,565
	38,522	Asbury Automotive Group, Inc.*	8,690,563
	34,108	Carvana Co.*(a)	1,567,263
	11,745	Cato Corp. (The), Class A	99,832
	88,658	Chico’s FAS, Inc.*	540,814
	412,988	EVgo, Inc.*(a)	1,804,758
	32,265	Group 1 Automotive, Inc.	8,341,470
	22,775	Haverty Furniture Cos., Inc.	810,790
	82,758	Monro, Inc.	3,033,081
	50,849	Overstock.com, Inc.*	1,854,463
	110,068	Rent the Runway, Inc., Class A*	203,626
	25,153	Sleep Number Corp.*	696,487
	104,919	Sonic Automotive, Inc., Class A	5,024,571
	83,210	Urban Outfitters, Inc.*	3,026,348
	8,794	Winmark Corp.	3,196,267
	10,404	Zumiez, Inc.*	196,219
			40,292,110
	Technology Hardware, Storage & Peripherals – 0.6%
	73,870	Eastman Kodak Co.*	405,546
	78,102	IonQ, Inc.*	1,503,464
	12,989	Super Micro Computer, Inc.*	4,289,877
			6,198,887
	Textiles, Apparel & Luxury Goods – 0.4%
	138,513	Allbirds, Inc., Class A*	207,770
	200,695	G-III Apparel Group Ltd.*	4,156,393
			4,364,163
	Trading Companies & Distributors – 1.8%
	33,743	Boise Cascade Co.	3,492,063
	6,752	DXP Enterprises, Inc.*	256,441
	432,181	NOW, Inc.*	4,922,541
	119,026	Rush Enterprises, Inc., Class A	7,698,602
	4,042	Titan Machinery, Inc.*	129,021

Shares		Description	Value
	Common Stocks – (continued)
	Trading Companies & Distributors – (continued)
	55,544	Xometry, Inc., Class A*(a)	$    1,153,093
			17,651,761
	TOTAL COMMON STOCKS (Cost $906,127,047)		$979,209,062
	TOTAL INVESTMENTS BEFORE SECURITIES LENDING REINVESTMENT VEHICLE (Cost $906,127,047)		$979,209,062

Shares	Dividend Rate			Value
Securities Lending Reinvestment Vehicle – 1.1%(c)
Goldman Sachs Financial Square Government Fund – Institutional Shares
10,765,766		5.220	%	$  10,765,766
(Cost $10,765,766)
TOTAL INVESTMENTS – 99.7% (Cost $916,892,813)				$989,974,828
OTHER ASSETS IN EXCESS OF     LIABILITIES – 0.3%				2,885,542
NET ASSETS – 100.0%				$992,860,370

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
*	Non-income producing security.
(a)	All or a portion of security is on loan.
(b)	Significant unobservable inputs were used in the valuation of this portfolio security; i.e. Level 3.
(c)	Represents an affiliated issuer.

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

GOLDMAN SACHS U.S. EQUITY INSIGHTS FUND

Schedule of Investments

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – 99.0%
	Aerospace & Defense – 2.9%
	31,392	Boeing Co. (The)*	$    7,497,979
	101,561	Howmet Aerospace, Inc.	5,193,830
	26,968	Lockheed Martin Corp.	12,037,706
	35,851	Textron, Inc.	2,788,132
			27,517,647
	Air Freight & Logistics – 0.2%
	16,748	C.H. Robinson Worldwide, Inc.	1,677,815
	Automobiles – 2.9%
	288,564	General Motors Co.	11,072,201
	64,519	Tesla, Inc.*	17,254,316
			28,326,517
	Banks – 2.5%
	397,144	Bank of America Corp.	12,708,608
	19,045	Commerce Bancshares, Inc.	1,012,813
	63,240	JPMorgan Chase & Co.	9,989,390
			23,710,811
	Beverages – 2.7%
	255,348	Coca-Cola Co. (The)	15,813,702
	186,717	Monster Beverage Corp.*	10,734,360
			26,548,062
	Biotechnology – 3.9%
	113,493	AbbVie, Inc.	16,976,283
	103,324	Incyte Corp.*	6,583,805
	31,754	Moderna, Inc.*	3,736,175
	30,399	Vertex Pharmaceuticals, Inc.*	10,710,784
			38,007,047
	Broadline Retail – 2.9%
	212,258	Amazon.com, Inc.*	28,374,649
	Building Products – 1.2%
	171,877	Johnson Controls International PLC	11,954,045
	Capital Markets – 1.9%
	27,018	Bank of New York Mellon Corp. (The)	1,225,536
	61,729	CME Group, Inc.	12,281,602
	5,084	MSCI, Inc.	2,786,439

Shares		Description	Value
	Common Stocks – (continued)
	Capital Markets – (continued)
	27,395	Northern Trust Corp.	$    2,194,887
			18,488,464
	Chemicals – 3.1%
	31,834	Dow, Inc.	1,797,666
	61,857	Element Solutions, Inc.	1,296,523
	36,925	Linde PLC	14,425,490
	14,266	Mosaic Co. (The)	581,482
	44,236	Sherwin-Williams Co. (The)	12,231,254
			30,332,415
	Commercial Services & Supplies – 2.3%
	22,655	Cintas Corp.	11,373,716
	70,891	Republic Services, Inc.	10,712,339
			22,086,055
	Communications Equipment – 1.2%
	70,134	Arista Networks, Inc.*	10,877,082
	1,402	Motorola Solutions, Inc.	401,855
			11,278,937
	Construction Materials – 1.2%
	2,756	Martin Marietta Materials, Inc.	1,230,444
	46,610	Vulcan Materials Co.	10,277,505
			11,507,949
	Consumer Finance – 1.1%
	103,636	Ally Financial, Inc.	3,165,043
	18,330	Capital One Financial Corp.	2,144,977
	157,145	Synchrony Financial	5,427,788
			10,737,808
	Consumer Staples Distribution & Retail – 3.0%
	27,515	Costco Wholesale Corp.	15,426,835
	25,926	Kroger Co. (The)	1,261,040
	76,974	Walmart, Inc.	12,305,064
			28,992,939
	Distributors – 0.8%
	149,247	LKQ Corp.	8,177,243

GOLDMAN SACHS U.S. EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Electrical Equipment – 1.2%
	70,636	AMETEK, Inc.	$  11,202,870
	Electronic Equipment, Instruments & Components – 0.5%
	38,540	Amphenol Corp., Class A	3,403,468
	4,742	Teledyne Technologies, Inc.*	1,823,441
			5,226,909
	Entertainment – 0.6%
	11,383	Netflix, Inc.*	4,996,795
	28,400	ROBLOX Corp., Class A*	1,114,700
			6,111,495
	Financial Services – 2.9%
	75,372	Berkshire Hathaway, Inc., Class B*	26,527,929
	45,505	Toast, Inc., Class A*	1,004,295
			27,532,224
	Food Products – 0.6%
	169,571	Kraft Heinz Co. (The)	6,135,079
	Ground Transportation – 0.4%
	6,777	Ryder System, Inc.	692,271
	3,196	Saia, Inc.*	1,352,355
	44,539	Uber Technologies, Inc.*	2,202,899
			4,247,525
	Health Care Equipment & Supplies – 1.8%
	102,591	Boston Scientific Corp.*	5,319,343
	74,866	Envista Holdings Corp.*	2,576,139
	10,828	Inspire Medical Systems, Inc.*	3,116,407
	7,909	Intuitive Surgical, Inc.*	2,565,679
	12,049	Penumbra, Inc.*	3,655,185
			17,232,753
	Health Care Providers & Services – 2.8%
	73,656	Centene Corp.*	5,015,237
	88,029	CVS Health Corp.	6,574,886
	27,654	Elevance Health, Inc.	13,042,456
	4,288	UnitedHealth Group, Inc.	2,171,315
			26,803,894

Shares		Description	Value
	Common Stocks – (continued)
	Health Care REITs – 1.1%
	211,698	Ventas, Inc. REIT	$  10,271,587
	Hotel & Resort REITs – 1.3%
	334,916	Host Hotels & Resorts, Inc. REIT	6,162,454
	494,471	Park Hotels & Resorts, Inc. REIT	6,739,640
			12,902,094
	Hotels, Restaurants & Leisure – 0.8%
	23,234	Airbnb, Inc., Class A*	3,535,983
	8,761	Hilton Worldwide Holdings, Inc.	1,362,248
	56,289	Norwegian Cruise Line Holdings Ltd.*	1,242,298
	17,773	Royal Caribbean Cruises Ltd.*	1,939,212
			8,079,741
	Household Durables – 0.5%
	41,091	Lennar Corp., Class A	5,211,572
	Household Products – 0.3%
	25,541	Kimberly-Clark Corp.	3,297,343
	Industrial REITs – 1.6%
	32,574	First Industrial Realty Trust, Inc. REIT	1,684,076
	100,203	Prologis, Inc. REIT	12,500,324
	23,411	Rexford Industrial Realty, Inc. REIT	1,289,712
			15,474,112
	Insurance – 3.7%
	41,883	Arch Capital Group Ltd.*	3,253,890
	57,533	Chubb Ltd.	11,760,321
	35,226	Globe Life, Inc.	3,951,300
	1,265	Kinsale Capital Group, Inc.	471,377
	25,953	Progressive Corp. (The)	3,269,559
	42,200	Prudential Financial, Inc.	4,071,878
	2,317	Reinsurance Group of America, Inc.	325,191
	48,596	Travelers Cos., Inc. (The)	8,388,156
			35,491,672
	Interactive Media & Services – 5.7%
	124,412	Alphabet, Inc., Class A*	16,511,961
	221,419	Alphabet, Inc., Class C*	29,473,083
	27,113	Meta Platforms, Inc., Class A*	8,638,202
			54,623,246

GOLDMAN SACHS U.S. EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	IT Services – 0.8%
	7,932	Cloudflare, Inc., Class A*	$       545,484
	17,989	Gartner, Inc.*	6,360,730
	5,512	Snowflake, Inc., Class A*	979,538
			7,885,752
	Life Sciences Tools & Services – 1.6%
	43,808	Agilent Technologies, Inc.	5,334,500
	57,445	Bruker Corp.	3,947,620
	4,385	Mettler-Toledo International, Inc.*	5,514,006
	1,639	West Pharmaceutical Services, Inc.	603,218
			15,399,344
	Machinery – 0.4%
	26,131	PACCAR, Inc.	2,250,663
	5,015	RBC Bearings, Inc.*	1,133,641
			3,384,304
	Media – 0.6%
	59,105	Trade Desk, Inc. (The), Class A*	5,393,922
	Oil, Gas & Consumable Fuels – 1.6%
	49,310	Cheniere Energy, Inc.	7,981,316
	8,086	Exxon Mobil Corp.	867,143
	6,142	Hess Corp.	931,926
	6,593	Marathon Petroleum Corp.	877,001
	35,231	Valero Energy Corp.	4,541,628
			15,199,014
	Pharmaceuticals – 4.7%
	199,627	Bristol-Myers Squibb Co.	12,414,803
	389,265	Elanco Animal Health, Inc.*	4,698,429
	71,591	Johnson & Johnson	11,993,640
	27,930	Organon & Co.	613,902
	235,298	Royalty Pharma PLC, Class A	7,383,651
	46,189	Zoetis, Inc.	8,687,689
			45,792,114
	Real Estate Management & Development – 0.2%
	21,040	CoStar Group, Inc.*	1,766,729
	Residential REITs – 0.2%
	3,678	AvalonBay Communities, Inc. REIT	693,855

Shares		Description	Value
	Common Stocks – (continued)
	Residential REITs – (continued)
	5,767	Mid-America Apartment Communities, Inc. REIT	$       863,089
			1,556,944
	Semiconductors & Semiconductor Equipment – 5.2%
	48,108	Intel Corp.	1,720,823
	7,566	KLA Corp.	3,888,546
	100,889	Microchip Technology, Inc.	9,477,513
	4,512	Micron Technology, Inc.	322,112
	64,747	NVIDIA Corp.	30,255,625
	18,986	NXP Semiconductors NV (China)	4,233,498
			49,898,117
	Software – 10.5%
	32,385	Autodesk, Inc.*	6,865,296
	100,930	Fortinet, Inc.*	7,844,280
	10,098	HubSpot, Inc.*	5,862,394
	13,271	Intuit, Inc.	6,790,771
	158,913	Microsoft Corp.	53,382,055
	48,936	Salesforce, Inc.*	11,011,089
	7,679	ServiceNow, Inc.*	4,476,857
	48,252	Splunk, Inc.*	5,227,139
	785	Zscaler, Inc.*	125,898
			101,585,779
	Specialized REITs – 0.3%
	28,350	Lamar Advertising Co., Class A REIT	2,798,145
	Specialty Retail – 3.3%
	96,273	CarMax, Inc.*	7,953,113
	179,131	Chewy, Inc., Class A*	6,072,541
	10,240	Five Below, Inc.*	2,133,402
	11,317	O’Reilly Automotive, Inc.*	10,477,165
	47,707	Ross Stores, Inc.	5,469,130
			32,105,351
	Technology Hardware, Storage & Peripherals – 8.3%
	322,994	Apple, Inc.	63,452,171
	120,046	Dell Technologies, Inc., Class C	6,352,835
	602,806	Hewlett Packard Enterprise Co.	10,476,768
			80,281,774

GOLDMAN SACHS U.S. EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

Shares		Description	Value
	Common Stocks – (continued)
	Textiles, Apparel & Luxury Goods – 1.6%
	7,095	Crocs, Inc.*	$       768,743
	27,071	Lululemon Athletica, Inc.*	10,247,186
	82,244	Skechers USA, Inc., Class A*	4,571,121
			15,587,050
	Trading Companies & Distributors – 0.1%
	2,832	Ferguson PLC	457,708
	TOTAL INVESTMENTS – 99.0% (Cost $735,085,495)		$956,654,566
	OTHER ASSETS IN EXCESS OF     LIABILITIES – 1.0%		9,855,091
	NET ASSETS – 100.0%		$966,509,657

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
*	Non-income producing security.

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

GOLDMAN SACHS U.S. EQUITY INSIGHTS FUND

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At July 31, 2023, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date		Notional Amount		Unrealized Appreciation/ (Depreciation)
Long position contracts:
S&P 500 E-Mini Index	1		09/15/23	$	230,725	$	13,228

GOLDMAN SACHS DOMESTIC EQUITY INSIGHTS FUNDS

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS

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

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

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

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

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

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

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

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

Unlisted equity securities for which market quotations are available are valued at the last sale price on the valuation date, or if no sale occurs, at the last bid price for long positions or the last ask price for short positions, and are generally classified as Level 2. Securities traded on certain foreign securities exchanges are valued daily at fair value determined by an independent fair value service (if available) under the Valuation Procedures and consistent with applicable regulatory guidance. The independent fair value service takes into account multiple factors including, but not limited to, movements in the securities markets, certain depositary receipts, futures contracts and foreign currency exchange rates that have occurred subsequent to the close of the foreign securities exchange. These investments are generally classified as Level 2 of the fair value hierarchy.

Money Market Funds — Investments in the Goldman Sachs Financial Square Government Fund (“Underlying Money Market Fund”) are valued at the NAV per share of the Institutional Share class on the day of valuation. These investments are generally classified as Level 1 of the fair value hierarchy. For information regarding the Underlying Money Market Fund’s accounting policies and investment holdings, please see the Underlying Money Market Fund’s shareholder report.

GOLDMAN SACHS DOMESTIC EQUITY INSIGHTS FUNDS

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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

Exchange-traded derivatives, including futures and options contracts, are generally valued at the last sale or settlement price on the exchange where they are principally traded. Exchange-traded options without settlement prices are generally valued at the 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. Futures Contracts — Futures contracts are contracts to buy or sell a standardized quantity of a specified commodity or security. Upon entering into a futures contract, a Fund deposits cash or securities in an account on behalf of the broker in an amount sufficient to meet the initial margin requirement. Subsequent payments are made or received by a Fund equal to the daily change in the contract value and are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses.

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 the Valuation Procedures. 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 DOMESTIC EQUITY INSIGHTS FUNDS

Schedule of Investments (continued)

July 31, 2023 (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 July 31, 2023:

LARGE CAP GROWTH INSIGHTS FUND
Investment Type	Level 1		Level 2		Level 3
Assets
Common Stock and/or Other Equity Investments(a)
North America	$	1,009,886,220	$	—	$	—
Total	$	1,009,886,220	$	—	$	—
Derivative Type
Assets(b)
Futures Contracts	$	806,911	$	—	$	—
Total	$	806,911	$	—	$	—
LARGE CAP VALUE INSIGHTS FUND
Investment Type	Level 1		Level 2		Level 3
Assets
Common Stock and/or Other Equity Investments(a)
Asia	$	957,699	$	—	$	—
North America		338,681,552		—		—
South America		112,663		—		—
Total	$	339,751,914	$	—	$	—
SMALL CAP EQUITY INSIGHTS FUND
Investment Type	Level 1		Level 2		Level 3
Assets
Common Stock and/or Other Equity Investments(a)
Africa	$	700,710	$	—	$	—
Asia		1,877,301		—		—
Europe		3,248,659		—		—
North America		387,596,665		—		—
South America		915,739		—		—
Securities Lending Reinvestment Vehicle		3,930,232		—		—
Total	$	398,269,306	$	—	$	—

GOLDMAN SACHS DOMESTIC EQUITY INSIGHTS FUNDS

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

SMALL CAP GROWTH INSIGHTS FUND
Investment Type	Level 1		Level 2		Level 3
Assets
Common Stock and/or Other Equity Investments(a)
Africa	$	306,436	$	—	$	—
Asia		1,037,889		—		—
Europe		565,872		—		—
North America		112,350,234		—		—
South America		178,618		—		—
Investment Company		1,657,179		—		—
Securities Lending Reinvestment Vehicle		1,365,466		—		—
Total	$	117,461,694	$	—	$	—
Derivative Type
Assets(b)
Futures Contracts	$	14,715	$	—	$	—
Total	$	14,715	$	—	$	—
SMALL CAP VALUE INSIGHTS FUND
Investment Type	Level 1		Level 2		Level 3
Assets
Common Stock and/or Other Equity Investments(a)
Africa	$	4,715,195	$	—	$	—
Asia		892,825		—		—
Europe		18,504,336		—		—
North America		952,818,168		—		—
South America		2,278,538		—		—
Securities Lending Reinvestment Vehicle		10,765,766		—		—
Total	$	989,974,828	$	—	$	—
U.S. EQUITY INSIGHTS FUND
Investment Type	Level 1		Level 2		Level 3
Assets
Common Stock and/or Other Equity Investments(a)
Asia	$	4,233,498	$	—	$	—
North America		952,421,068		—		—
Total	$	956,654,566	$	—	$	—
Derivative Type
Assets(b)
Futures Contracts	$	13,228	$	—	$	—
Total	$	13,228	$	—	$	—

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

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

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

GOLDMAN SACHS DOMESTIC EQUITY INSIGHTS FUNDS

Schedule of Investments (continued)

July 31, 2023 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

Securities Lending — Pursuant to exemptive relief granted by the Securities and Exchange Commission (“SEC”) and the terms and conditions contained therein, the Funds may lend their securities through a securities lending agent, Goldman Sachs Agency Lending (“GSAL”), a wholly-owned subsidiary of Goldman Sachs, to certain qualified borrowers including Goldman Sachs and affiliates. In accordance with the Funds’ securities lending procedures, the Funds receive cash collateral at least equal to the market value of the securities on loan. The market value of the loaned securities is determined at the close of business of the Funds at their last sale price or official closing price on the principal exchange or system on which they are traded, and any additional required collateral is delivered to the Funds on the next business day. As with other extensions of credit, the Funds may experience delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or become insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan. Dividend income received from securities on loan may not be subject to withholding taxes and therefore withholding taxes paid may differ from the amounts listed in the Statements of Operations. Loans of securities are terminable at any time and as such 1) the remaining contractual maturities of the outstanding securities lending transactions are considered to be overnight and continuous and 2) the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

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

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

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

Derivatives Risk — The Funds’ use of derivatives and other similar instruments (collectively referred to in this paragraph as “derivatives”) may result in loss, including due to adverse market movements. Derivatives, which may pose risks in addition to and greater than those associated with investing directly in securities, currencies or other assets and instruments, may increase market exposure and be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of the underlying assets or instruments may produce disproportionate losses to the Funds. Certain derivatives are also subject to counterparty risk, which is the risk that the other party in the transaction will not, or lacks the capacity or authority to, fulfill its contractual obligations, liquidity risk, which includes the risk that the Funds will not be able to exit the derivative when it is advantageous to do so, and risks arising from margin requirements, which include the risk that the Funds will be required to pay additional margin or set aside additional collateral to maintain open derivative positions. 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.

Dividend-Paying Investments Risk — A Fund’s investments in dividend-paying securities could cause a Fund to underperform other funds. Securities that pay dividends, as a group, can fall out of favor with the market, causing such securities to underperform securities that do not pay dividends. Depending upon market conditions and political and legislative responses to such conditions, dividend-paying securities that meet a Fund’s investment criteria may not be widely available and/or may be highly concentrated in only a few market sectors. In addition, issuers that have paid regular dividends or distributions to shareholders may not continue to do so at the same level or at all in the future. This may limit the ability of a Fund to produce current income.

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 DOMESTIC EQUITY INSIGHTS FUNDS

Schedule of Investments (continued)

July 31, 2023 (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 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 a Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. Events such as war, military conflict, acts of terrorism, social unrest, natural disasters, recessions, inflation, rapid interest rate changes, supply chain disruptions, sanctions, 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.

Non-Diversification Risk — The Large Cap Growth Insights Fund is non-diversified, meaning that it is permitted to invest a larger percentage of its assets in fewer issuers than diversified mutual funds. Thus, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio, and may be more susceptible to greater losses because of these developments.