GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – 56.9%
Aerospace & Defense(a) – 0.6%
Howmet Aerospace, Inc.
$	160,000		5.125	%	10/01/24	$    160,000
RTX Corp.
	3,040,000		5.750		11/08/26	3,072,589
						3,232,589
Automotive – 3.6%
Dana Financing Luxembourg SARL(a)(b)
	703,000		5.750		04/15/25	701,453
Ford Motor Credit Co. LLC(a)
	1,429,000		2.300		02/10/25	1,396,747
General Motors Financial Co., Inc.
	2,425,000		1.200		10/15/24	2,391,875
	5,415,000		3.800		04/07/25	5,332,584
Goodyear Tire & Rubber Co.(a)
	1,330,000		9.500		05/31/25	1,332,899
Hyundai Capital America(b)
	2,375,000		1.000		09/17/24	2,350,443
	980,000		5.800		06/26/25	981,274
Volkswagen Group of America Finance LLC(b)
	2,775,000		3.950		06/06/25	2,731,876
	1,500,000		5.800		09/12/25	1,503,120
						18,722,271
Banks – 18.0%
Banco Santander SA
	3,400,000		5.147		08/18/25	3,374,670
Bank of America Corp.
	2,500,000		4.000		01/22/25	2,473,725
(3 mo. USD Term SOFR + 1.352%)
	1,938,000		3.093	(a)(c)	10/01/25	1,924,512
Bank of Montreal(a)
	4,440,000		4.700		09/14/27	4,381,969
Bank of New York Mellon Corp.(a)(c) (Secured Overnight Financing Rate + 1.026%)
	1,910,000		4.947		04/26/27	1,898,292
Bank of Nova Scotia
	945,000		3.450		04/11/25	929,738
Banque Federative du Credit Mutuel SA(b)
	4,045,000		4.935		01/26/26	4,010,456
BNP Paribas SA(a)(b)(c) (Secured Overnight Financing Rate + 1.228%)
	4,345,000		2.591		01/20/28	4,036,983
Canadian Imperial Bank of Commerce
	855,000		5.144		04/28/25	852,469
	2,980,000		5.615		07/17/26	2,995,019
(Secured Overnight Financing Rate + 0.940%)
	2,456,000		6.316	(c)	06/28/27	2,457,498
Citigroup, Inc.(a)(c)
(Secured Overnight Financing Rate + 0.694%)
	3,925,000		6.054		01/25/26	3,928,297
(Secured Overnight Financing Rate + 1.546%)
	4,460,000		5.610		09/29/26	4,458,350
Citizens Bank NA(a)
	900,000		2.250		04/28/25	874,080

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
Deutsche Bank AG
$	2,105,000		4.162	%	05/13/25	$  2,079,298
HSBC Holdings PLC(a)(c)
(3 mo. USD Term SOFR + 1.402%)
	1,162,000		2.633		11/07/25	1,148,451
(Secured Overnight Financing Rate + 1.430%)
	1,320,000		2.999		03/10/26	1,295,184
JPMorgan Chase & Co.(a)(c) (Secured Overnight Financing Rate + 1.190%)
	2,630,000		5.040		01/23/28	2,616,508
Macquarie Bank Ltd.(b)(c) (Secured Overnight Financing Rate + 0.920%)
	985,000		6.260		07/02/27	986,349
Macquarie Group Ltd.(a)(b)(c) (Secured Overnight Financing Rate + 0.694%)
	1,225,000		1.201		10/14/25	1,208,046
Manufacturers & Traders Trust Co.(a)
	3,955,000		4.650		01/27/26	3,881,635
Mitsubishi UFJ Financial Group, Inc.(a)(c) (1 yr. CMT + 1.550%)
	6,934,000		5.063		09/12/25	6,921,796
Morgan Stanley(a)(c)
(Secured Overnight Financing Rate + 0.745%)
	725,000		0.864		10/21/25	713,842
(Secured Overnight Financing Rate + 1.295%)
	952,000		5.050		01/28/27	946,764
(Secured Overnight Financing Rate + 1.669%)
	1,590,000		4.679		07/17/26	1,574,466
PNC Financial Services Group, Inc.(a)(c) (Secured Overnight Financing Rate + 1.322%)
	1,810,000		5.812		06/12/26	1,811,882
Royal Bank of Canada
	3,111,000		4.950		04/25/25	3,096,627
Societe Generale SA(b)
	4,885,000		4.351		06/13/25	4,829,116
(1 yr. CMT + 1.050%)
	2,175,000		2.226	(a)(c)	01/21/26	2,127,476
Sumitomo Mitsui Financial Group, Inc.
	725,000		0.948		01/12/26	677,585
Sumitomo Mitsui Trust Bank Ltd.(b)
	2,680,000		5.200		03/07/27	2,679,303
Toronto-Dominion Bank
	520,000		3.766		06/06/25	511,524
	1,810,000		4.693		09/15/27	1,783,393
UBS AG
	1,605,000		7.950		01/09/25	1,622,238
	4,995,000		3.700		02/21/25	4,932,463
UBS Group AG(b)
	1,036,000		4.125		09/24/25	1,016,005
Wells Fargo & Co.(a)(c)
(3 mo. USD Term SOFR + 1.012%)
	719,000		2.164		02/11/26	703,506
(3 mo. USD Term SOFR + 1.087%)
	2,349,000		2.406		10/30/25	2,322,245
(Secured Overnight Financing Rate + 1.560%)
	2,390,000		4.540		08/15/26	2,360,125

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
Westpac New Zealand Ltd.(b)
$	1,175,000		4.902	%	02/15/28	$  1,165,012
						93,606,897
Beverages(a)(b) – 0.5%
JDE Peet’s NV
	2,625,000		0.800		09/24/24	2,593,133
Biotechnology – 0.9%
Amgen, Inc.
	4,900,000		5.250		03/02/25	4,887,407
Commercial Services(a) – 0.2%
Brink’s Co.(b)
	385,000		6.500		06/15/29	389,165
Global Payments, Inc.
	525,000		1.200		03/01/26	488,749
						877,914
Diversified Financial Services – 4.7%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust(a)
	1,869,000		1.650		10/29/24	1,843,750
Air Lease Corp.(a)
	3,177,000		2.300		02/01/25	3,107,900
American Express Co.(a)(c)
(Secured Overnight Financing Rate + 0.999%)
	2,965,000		4.990		05/01/26	2,947,358
(Secured Overnight Financing Rate + 1.350%)
	2,282,000		6.711		10/30/26	2,304,090
Aviation Capital Group LLC(a)(b)
	1,200,000		5.500		12/15/24	1,196,796
	550,000		1.950		01/30/26	517,555
Avolon Holdings Funding Ltd.(a)(b)
	675,000		2.875		02/15/25	661,399
Charles Schwab Corp.(a)
	736,000		3.850		05/21/25	725,203
Macquarie Airfinance Holdings Ltd.(a)(b)
	110,000		6.400		03/26/29	111,955
Nasdaq, Inc.
	5,000,000		5.650		06/28/25	5,002,700
Nomura Holdings, Inc.
	1,390,000		5.099		07/03/25	1,381,062
Synchrony Financial(a)
	3,085,000		4.875		06/13/25	3,053,348
United Wholesale Mortgage LLC(a)(b)
	1,460,000		5.500		11/15/25	1,451,313
						24,304,429
Electrical – 5.8%
Avangrid, Inc.(a)
	650,000		3.200		04/15/25	636,461
Berkshire Hathaway Energy Co.(a)
	650,000		4.050		04/15/25	643,013
CenterPoint Energy, Inc.
	2,165,000		5.250		08/10/26	2,159,977

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Electrical – (continued)
Dominion Energy, Inc.(a)
$	2,025,000		1.450	%	04/15/26	$  1,886,733
DTE Energy Co.
	6,350,000		4.220	(d)	11/01/24	6,313,233
	575,000		1.050	(a)	06/01/25	551,149
Enel Finance International NV(a)(b)
	2,575,000		1.375		07/12/26	2,383,472
FirstEnergy Corp.(a)
	400,000		2.050		03/01/25	389,272
NextEra Energy Capital Holdings, Inc.
	1,960,000		6.051		03/01/25	1,962,901
	2,370,000		4.450		06/20/25	2,344,925
	2,630,000		4.625	(a)	07/15/27	2,587,999
Public Service Enterprise Group, Inc.(a)
	675,000		0.800		08/15/25	640,980
Southern Co.(d)
	3,575,000		4.475		08/01/24	3,566,777
Southern Power Co.(a)
	500,000		0.900		01/15/26	466,120
Vistra Operations Co. LLC(a)(b)
	875,000		3.550		07/15/24	873,863
Xcel Energy, Inc.(a)
	3,325,000		1.750		03/15/27	3,027,113
						30,433,988
Electrical Components & Equipment(a)(b) – 0.1%
WESCO Distribution, Inc.
	620,000		6.375		03/15/29	622,480
Entertainment(a)(b) – 0.1%
Six Flags Theme Parks, Inc.
	610,000		7.000		07/01/25	611,336
Environmental(a) – 0.4%
GFL Environmental, Inc.(b)
	1,415,000		3.750		08/01/25	1,401,388
Waste Management, Inc.
	625,000		0.750		11/15/25	587,337
						1,988,725
Food & Drug Retailing – 1.9%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/ Albertsons LLC(a)(b)
	1,430,000		3.250		03/15/26	1,371,699
Campbell Soup Co.
	1,580,000		5.200		03/19/27	1,582,275
General Mills, Inc.(a)
	2,550,000		4.700		01/30/27	2,518,610
J M Smucker Co.(a)
	813,000		5.900		11/15/28	837,374
Mondelez International Holdings Netherlands BV(b)
	3,250,000		4.250		09/15/25	3,203,362
Mondelez International, Inc.(a)
	525,000		1.500		05/04/25	507,502
						10,020,822

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Gas(a) – 0.5%
AmeriGas Partners LP/AmeriGas Finance Corp.
$	1,290,000		5.875	%	08/20/26	$  1,249,894
East Ohio Gas Co.(b)
	250,000		1.300		06/15/25	239,777
NiSource, Inc.
	1,025,000		0.950		08/15/25	973,709
						2,463,380
Healthcare Providers & Services(a) – 2.0%
Aetna, Inc.
	1,250,000		3.500		11/15/24	1,239,575
HCA, Inc.
	1,500,000		5.625		09/01/28	1,513,140
Revvity, Inc.
	1,700,000		0.850		09/15/24	1,682,558
Thermo Fisher Scientific, Inc.
	2,760,000		5.000		12/05/26	2,756,854
Zimmer Biomet Holdings, Inc.
	3,000,000		1.450		11/22/24	2,951,850
						10,143,977
Insurance(b) – 0.3%
Athene Global Funding
	375,000		2.500		01/14/25	368,340
	106,000		1.450		01/08/26	99,542
Equitable Financial Life Global Funding
	700,000		1.400		07/07/25	670,530
Great-West Lifeco U.S. Finance 2020 LP(a)
	425,000		0.904		08/12/25	403,882
						1,542,294
Internet(a)(b) – 0.4%
Prosus NV
	2,260,000		3.257		01/19/27	2,109,823
Iron/Steel – 0.4%
Nucor Corp.
	730,000		3.950		05/23/25	720,065
Steel Dynamics, Inc.(a)
	1,240,000		2.400		06/15/25	1,201,386
						1,921,451
Leisure Time(a)(b) – 0.2%
Carnival Corp.
	905,000		5.750		03/01/27	894,764
Lodging(a) – 0.3%
Marriott International, Inc.
	1,530,000		5.450		09/15/26	1,535,814
Machinery-Diversified(a) – 1.6%
Ingersoll Rand, Inc.
	5,220,000		5.197		06/15/27	5,233,206
Otis Worldwide Corp.
	3,255,000		2.056		04/05/25	3,167,506
						8,400,712

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Mining(a)(b) – 0.1%
Glencore Funding LLC
$	675,000		1.625	%	09/01/25	$    643,923
Miscellaneous Manufacturing(a) – 0.2%
Amsted Industries, Inc.(b)
	522,000		5.625		07/01/27	514,911
Hillenbrand, Inc.
	484,000		6.250		02/15/29	486,672
						1,001,583
Office & Business Equipment(a)(b) – 0.1%
Xerox Holdings Corp.
	463,000		5.000		08/15/25	454,634
Oil Field Services – 2.1%
Canadian Natural Resources Ltd.(a)
	825,000		2.050		07/15/25	794,937
Crescent Energy Finance LLC(a)(b)
	920,000		9.250		02/15/28	971,824
Pioneer Natural Resources Co.
	2,825,000		5.100		03/29/26	2,819,858
QatarEnergy(a)(b)
	2,520,000		1.375		09/12/26	2,318,400
SA Global Sukuk Ltd.(a)
	2,520,000		1.602		06/17/26	2,351,475
Sunoco LP(a)(b)
	750,000		7.000		05/01/29	768,937
Sunoco LP/Sunoco Finance Corp.(a)(b)
	760,000		7.000		09/15/28	779,137
						10,804,568
Packaging(a) – 0.2%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(b)
	557,000		6.000		06/15/27	545,871
Berry Global, Inc.
	550,000		1.570		01/15/26	516,874
						1,062,745
Pharmaceuticals(a) – 2.4%
AbbVie, Inc.
	7,400,000		4.800		03/15/27	7,366,700
CVS Health Corp.
	4,015,000		5.000		02/20/26	3,984,606
PRA Health Sciences, Inc.(b)
	1,435,000		2.875		07/15/26	1,362,289
						12,713,595
Pipelines(a) – 1.5%
Hess Midstream Operations LP(b)
	300,000		6.500		06/01/29	304,020
Kinetik Holdings LP(b)
	705,000		6.625		12/15/28	716,174
NuStar Logistics LP
	285,000		5.750		10/01/25	283,356
	1,360,000		6.000		06/01/26	1,357,457

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Pipelines(a) – (continued)
TransCanada PipeLines Ltd.
$	2,275,000		1.000	%	10/12/24	$  2,243,127
Williams Cos., Inc.
	3,090,000		5.300		08/15/28	3,099,208
						8,003,342
Real Estate Investment Trust – 0.8%
Crown Castle, Inc.(a)
	700,000		1.350		07/15/25	669,760
VICI Properties LP
	3,715,000		4.375		05/15/25	3,667,002
						4,336,762
Retailing(a) – 1.5%
1011778 BC ULC/New Red Finance, Inc.(b)
	1,130,000		6.125		06/15/29	1,133,707
7-Eleven, Inc.(b)
	400,000		0.950		02/10/26	372,524
Genuine Parts Co.
	1,375,000		1.750		02/01/25	1,343,691
Murphy Oil USA, Inc.
	1,535,000		5.625		05/01/27	1,517,240
O’Reilly Automotive, Inc.
	1,965,000		5.750		11/20/26	1,983,864
Penske Automotive Group, Inc.
	1,515,000		3.500		09/01/25	1,475,610
						7,826,636
Semiconductors(a) – 1.5%
Broadcom, Inc.
	5,225,000		3.625		10/15/24	5,190,358
Intel Corp.
	2,300,000		4.875		02/10/28	2,291,306
NXP BV/NXP Funding LLC/NXP USA, Inc.
	275,000		2.700		05/01/25	268,549
						7,750,213
Software – 0.8%
Fidelity National Information Services, Inc.(a)
	1,050,000		1.150		03/01/26	978,968
Oracle Corp.
	1,400,000		2.500	(a)	04/01/25	1,367,478
	1,900,000		5.800		11/10/25	1,909,386
						4,255,832
Telecommunication Services(a) – 1.9%
T-Mobile USA, Inc.
	8,800,000		3.500		04/15/25	8,652,248
Verizon Communications, Inc.
	1,450,000		0.850		11/20/25	1,363,391
						10,015,639
Transportation(a) – 1.0%
Canadian Pacific Railway Co.
	5,375,000		1.350		12/02/24	5,278,573

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Trucking & Leasing(a)(b) – 0.3%
Penske Truck Leasing Co. LP/PTL Finance Corp.
$	1,025,000		1.200	%	11/15/25	$    965,663
	705,000		5.350		01/12/27	703,956
						1,669,619
TOTAL CORPORATE OBLIGATIONS (Cost $300,360,253)						$296,731,870
Asset-Backed Securities(a) – 24.6%
Automotive – 5.4%
Exeter Automobile Receivables Trust Series 2024-2A, Class A3
$	800,000		5.630	%	10/15/26	$    799,209
Ford Credit Auto Owner Trust Series 2020-1, Class A(b)
	6,835,000		2.040		08/15/31	6,684,442
Ford Credit Auto Owner Trust Series 2022-D, Class A2A
	53,941		5.370		08/15/25	53,933
Ford Credit Floorplan Master Owner Trust A Series 2019-4, Class A
	3,625,000		2.440		09/15/26	3,601,158
Ford Credit Floorplan Master Owner Trust A Series 2020-2, Class A
	3,200,000		1.060		09/15/27	3,034,825
Hyundai Auto Lease Securitization Trust Series 2024-B, Class A3(b)
	2,100,000		5.410		05/17/27	2,100,940
Hyundai Auto Receivables Trust Series 2021-A, Class A3
	28,955		0.380		09/15/25	28,894
Hyundai Auto Receivables Trust Series 2022-C, Class A3
	2,975,000		5.390		06/15/27	2,971,174
Mercedes-Benz Auto Receivables Trust Series 2022-1, Class A2
	31,840		5.260		10/15/25	31,835
NextGear Floorplan Master Owner Trust Series 2021-1A, Class A(b)
	5,500,000		0.850		07/15/26	5,489,915
Toyota Auto Receivables Owner Trust Series 2021-D, Class A3
	1,581,970		0.710		04/15/26	1,549,772
Toyota Auto Receivables Owner Trust Series 2022-D, Class A3
	2,000,000		5.300		09/15/27	1,997,158
						28,343,255
Collateralized Loan Obligations(c) – 10.4%
Anchorage Capital CLO 15 Ltd. Series 2020-15A, Class AR(b) (3 mo. USD Term SOFR + 1.462%)
	1,300,000		6.786		07/20/34	1,301,898
Anchorage Capital CLO 18 Ltd. Series 2021-18A, Class A1(b) (3 mo. USD Term SOFR + 1.412%)
	4,000,000		6.740		04/15/34	4,000,200
Bain Capital Credit CLO Ltd. Series 2021-7A, Class A1(b) (3 mo. USD Term SOFR + 1.402%)
	5,000,000		6.726		01/22/35	5,002,605
BSPDF Issuer Ltd. Series 2021-FL1, Class A(b) (1 mo. USD Term SOFR + 1.314%)
	712,156		6.643		10/15/36	702,991

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – (continued)
Collateralized Loan Obligations(c) – (continued)
CBAM Ltd. Series 2017-2A, Class AR(b) (3 mo. USD Term SOFR + 1.452%)
$	5,000,000		6.769	%	07/17/34	$  5,004,950
Cedar Funding VII CLO Ltd. Series 2018-7A, Class A1(b) (3 mo. USD Term SOFR + 1.262%)
	2,417,347		6.586		01/20/31	2,420,006
Clover CLO LLC Series 2021-1A, Class A(b) (3 mo. USD Term SOFR + 1.362%)
	2,100,000		6.686		04/22/34	2,100,027
Dunedin Park CLO DAC Series 1X, Class AR (3 mo. EUR EURIBOR + 0.980%)
EUR	1,900,000		4.806		11/20/34	2,025,981
Madison Park Funding XXX Ltd. Series 2018-30A, Class A(b) (3 mo. USD Term SOFR + 1.012%)
$	3,825,214		6.340		04/15/29	3,825,214
Madison Park Funding XXXVII Ltd. Series 2019-37A, Class AR2(b) (3 mo. USD Term SOFR + 1.530%)
	1,000,000		6.852		04/15/37	1,006,747
Mountain View CLO XVI Ltd. Series 2022-1A, Class A1R(b) (3 mo. USD Term SOFR + 1.460%)
	1,575,000		6.789		04/15/34	1,575,000
Northwoods Capital XVIII Ltd. Series 2019-18A, Class AR(b) (3 mo. USD Term SOFR + 1.362%)
	5,000,000		6.687		05/20/32	4,998,930
OCP CLO Ltd. Series 2014-5A, Class A1R(b) (3 mo. USD Term SOFR + 1.342%)
	2,127,345		6.666		04/26/31	2,130,004
Octagon 54 Ltd. Series 2021-1A, Class A1(b) (3 mo. USD Term SOFR + 1.382%)
	1,000,000		6.710		07/15/34	1,001,454
OHA Credit Funding 3 Ltd. Series 2019-3A, Class AR(b) (3 mo. USD Term SOFR + 1.402%)
	2,500,000		6.726		07/02/35	2,501,998
Pikes Peak CLO 2 Series 2018-2A, Class AR(b) (3 mo. USD Term SOFR + 1.452%)
	6,700,000		6.779		10/18/34	6,707,504
Trinitas CLO VI Ltd. Series 2017-6A, Class ARRR(b) (3 mo. USD Term SOFR + 1.330%)
	900,000		6.663		01/25/34	898,458
Trysail CLO Ltd. Series 2021-1A, Class A1(b) (3 mo. USD Term SOFR + 1.300%)
	1,300,000		6.625		07/20/32	1,300,216
Wellfleet CLO Ltd. Series 2021-3A, Class A(b) (3 mo. USD Term SOFR + 1.452%)
	5,000,000		6.780		01/15/35	5,001,740
Zais CLO 15 Ltd. Series 2020-15A, Class A1R(b) (3 mo. USD Term SOFR + 1.612%)
	475,000		6.937		07/28/32	475,303
					53,981,226
Credit Card – 4.3%
Barclays Dryrock Issuance Trust Series 2021-1, Class A
	6,200,000		0.630		07/15/27	6,137,193
Barclays Dryrock Issuance Trust Series 2022-1, Class A
	2,350,000		3.070		02/15/28	2,305,207

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – (continued)
Credit Card – (continued)
Citibank Credit Card Issuance Trust Series 2023-A1, Class A1
$	5,990,000		5.230	%	12/08/27	$  5,978,025
Evergreen Credit Card Trust Series 2021-1, Class A(b)
	8,275,000		0.900		10/15/26	8,161,678
					22,582,103
Student Loan(c) – 4.5%
Access Group, Inc. Series 2013-1, Class A(b) (1 mo. USD Term SOFR + 0.614%)
	288,732		5.950		02/25/36	285,651
Balboa Bay Loan Funding Ltd. Series 2023-1A, Class AR(b) (3 mo. USD Term SOFR + 1.420%)
	2,350,000		6.745		04/20/36	2,360,833
Contego CLO VII DAC Series 7X, Class A (3 mo. EUR EURIBOR + 0.930%)
EUR	2,150,000		4.822		05/14/32	2,299,430
Diameter Capital CLO 4 Ltd. Series 2022-4A, Class A1R(b) (3 mo. USD Term SOFR + 1.830%)
$	2,100,000		7.159		01/15/37	2,118,591
ECMC Group Student Loan Trust Series 2017-1A, Class A(b) (1 mo. USD Term SOFR + 1.314%)
	1,082,204		6.650		12/27/66	1,080,822
Edsouth Indenture No. 5 LLC Series 2014-1, Class A(b) (1 mo. USD Term SOFR + 0.814%)
	681,239		6.150		02/25/39	673,735
Elmwood CLO 27 Ltd. Series 2024-3A, Class A(b) (3 mo. USD Term SOFR + 1.520%)
	1,875,000		6.846		04/18/37	1,880,625
Illinois Student Assistance Commission Series 2010-1, Class A3 (3 mo. USD Term SOFR + 1.162%)
	588,664		6.510		07/25/45	588,850
Kentucky Higher Education Student Loan Corp. Series 2021-1, Class A1B (1 mo. USD Term SOFR + 0.894%)
	540,892		6.219		03/25/51	540,840
Marathon Static CLO Ltd. Series 2022-18A, Class A1R2(b) (3 mo. USD Term SOFR + 1.150%)
	1,937,628		6.475		07/20/30	1,937,975
Marble Point CLO XIV Ltd. Series 2018-2A, Class A12R(b) (3 mo. USD Term SOFR + 1.200%)
	2,463,152		6.525		01/20/32	2,464,150
Massachusetts Educational Financing Authority Series 2008-1, Class A1 (3 mo. USD Term SOFR + 1.212%)
	103,755		6.560		04/25/38	101,618
Navient Student Loan Trust Series 2017-2A, Class A(b) (1 mo. USD Term SOFR + 1.164%)
	1,648,111		6.500		12/27/66	1,652,689
Nelnet Student Loan Trust Series 2012-3A, Class A(b) (1 mo. USD Term SOFR + 0.814%)
	1,288,043		6.150		03/26/40	1,280,619
Neuberger Berman Loan Advisers CLO 39 Ltd. Series 2020-39A, Class A1R(b) (3 mo. USD Term SOFR + 1.530%)
	1,500,000		6.853		04/20/38	1,510,996
PHEAA Student Loan Trust Series 2014-3A, Class A(b) (1 mo. USD Term SOFR + 0.704%)
	1,789,850		6.040		08/25/40	1,768,538

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – (continued)
Student Loan(c) – (continued)
Rhode Island Student Loan Authority Series 2012-1, Class A1 (1 mo. USD Term SOFR + 1.014%)
$	325,590		6.350	%	07/01/31	$    325,527
SLC Student Loan Trust Series 2007-1, Class A4 (3 mo. USD Term SOFR + 0.322%)
	351,245		5.669		05/15/29	350,570
SLC Student Loan Trust Series 2010-1, Class A (3 mo. USD Term SOFR + 1.137%)
	54,044		6.485		11/25/42	54,090
						23,276,149
TOTAL ASSET-BACKED SECURITIES (Cost $129,295,803)						$128,182,733
Mortgage-Backed Obligations – 6.7%
Collateralized Mortgage Obligations – 0.6%
Regular Floater(c) – 0.2%
Federal Home Loan Mortgage Corp. REMICS Series 3371, Class FA (1 mo. USD Term SOFR + 0.714%)
$	249,965		6.048	%(a)	09/15/37	$    247,549
Federal Home Loan Mortgage Corp. REMICS Series 3545, Class FA (1 mo. USD Term SOFR + 0.964%)
	29,060		6.298		06/15/39	29,211
Federal Home Loan Mortgage Corp. REMICS Series 3374, Class FT (1 mo. USD Term SOFR + 0.414%)
	31,656		5.748		04/15/37	30,766
Federal Home Loan Mortgage Corp. STRIPS Series 237, Class F23 (1 mo. USD Term SOFR + 0.514%)
	80,757		5.848		05/15/36	79,722
Federal National Mortgage Association REMICS Series 2013-96, Class FW (1 mo. USD Term SOFR + 0.514%)
	39,842		5.850		09/25/43	39,144
Federal National Mortgage Association REMICS Series 2006-72, Class XF (1 mo. USD Term SOFR + 0.614%)
	118,467		5.950		08/25/36	116,853
Federal National Mortgage Association REMICS Series 2009-75, Class MF (1 mo. USD Term SOFR + 1.264%)
	216,365		6.600		09/25/39	218,407
Federal National Mortgage Association REMICS Series 2008-22, Class FD (1 mo. USD Term SOFR + 0.954%)
	142,396		6.290		04/25/48	141,839
						903,491
Sequential Fixed Rate – 0.0%
Federal Home Loan Mortgage Corp. REMICS Series 4248, Class LM
	176,193		6.500		05/15/41	182,417
Sequential Floating Rate(a)(b)(c) – 0.4%
CSMC Trust Series 2021-NQM8, Class A1
	267,462		1.841		10/25/66	232,259

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(a)(b)(c) – (continued)
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA3, Class M1A (1 mo. USD Term SOFR + 2.000%)
$	264,506		7.335	%	04/25/42	$    268,006
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA1, Class M1A (1 mo. USD Term SOFR + 1.000%)
	566,427		6.335		01/25/42	566,707
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R03, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	442,000		6.985		12/25/41	444,895
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R05, Class 2M1 (1 mo. USD Term SOFR + 1.900%)
	274,996		7.235		04/25/42	277,528
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03, Class 2M2 (1 mo. USD Term SOFR + 3.900%)
	122,772		9.235		04/25/43	131,512
Verus Securitization Trust Series 2021-8, Class A1
	184,516		1.824		11/25/66	160,465
						2,081,372
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$  3,167,280
Commercial Mortgage-Backed Securities – 5.1%
Sequential Fixed Rate(a) – 1.8%
Bank Series 2019-BN17, Class A4
$	1,450,000		3.714	%	04/15/52	$  1,350,291
Bank Series 2017-BNK6, Class A3
	1,226,034		3.125		07/15/60	1,201,780
Benchmark Mortgage Trust Series 2024-V5, Class A3
	2,050,000		5.805		01/10/57	2,081,510
BMO Mortgage Trust Series 2024-5C3, Class A3
	950,000		5.739		02/15/57	961,243
CSAIL Commercial Mortgage Trust Series 2015-C2, Class A4
	514,000		3.504		06/15/57	503,715
CSAIL Commercial Mortgage Trust Series 2015-C1, Class A4
	250,000		3.505		04/15/50	246,884
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C20, Class A4
	3,000,000		3.249		02/15/48	2,961,978
						9,307,401
Sequential Floating Rate(c) – 3.3%
BBCMS Mortgage Trust Series 2023-5C23, Class A3
	1,350,000		6.675	(a)	12/15/56	1,417,762
BX Commercial Mortgage Trust Series 2024-XL4, Class A (1 mo. USD Term SOFR + 1.442%)
	1,822,171		6.771	(b)	02/15/39	1,816,157
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	2,277,584		6.721	(b)	03/15/41	2,266,982

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(c) – (continued)
BX Trust Series 2021-ARIA, Class A (1 mo. USD Term SOFR + 1.014%)
$	1,100,000		6.343	%(b)	10/15/36	$  1,087,561
BX Trust Series 2021-MFM1, Class A (1 mo. USD Term SOFR + 0.814%)
	76,626		6.144	(b)	01/15/34	75,968
BX Trust Series 2021-BXMF, Class A (1 mo. USD Term SOFR + 0.750%)
	652,836		6.079	(b)	10/15/26	645,020
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
	1,200,000		6.971	(b)	02/15/41	1,196,113
ELP Commercial Mortgage Trust Series 2021-ELP, Class A (1 mo. USD Term SOFR + 0.815%)
	3,695,698		6.145	(b)	11/15/38	3,654,658
EQUS Mortgage Trust Series 2021-EQAZ, Class A (1 mo. USD Term SOFR + 0.869%)
	549,989		6.198	(a)(b)	10/15/38	544,959
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KF58, Class A (1 mo. USD Term SOFR + 0.614%)
	582,229		5.939	(a)	01/25/26	581,938
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KF60, Class A (1 mo. USD Term SOFR + 0.604%)
	402,169		5.929	(a)	02/25/26	401,293
JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-NINE, Class A
	1,575,000		2.949	(b)	09/06/38	1,475,850
ONE Mortgage Trust Series 2021-PARK, Class A (1 mo. USD Term SOFR + 0.814%)
	919,000		6.144	(b)	03/15/36	892,254
STWD Trust Series 2021-FLWR, Class A (1 mo. USD Term SOFR + 0.691%)
	1,300,000		6.020	(b)	07/15/36	1,282,385
						17,338,900
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$ 26,646,301
Federal Agencies – 1.0%
Government National Mortgage Association – 0.0%
$	1,611		7.000	%	04/15/26	$      1,615
Uniform Mortgage-Backed Security – 1.0%
	5,086,818		6.500		06/01/54	5,208,456
TOTAL FEDERAL AGENCIES						$  5,210,071
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $35,527,695)						$ 35,023,652

Principal Amount		Interest Rate			Maturity Date	Value
Sovereign Debt Obligations – 0.4%
United States Dollar – 0.4%
Saudi Government International Bonds
$	2,320,000		3.250	%	10/26/26	$  2,225,750
(Cost $2,399,690)
Municipal Debt Obligations – 0.1%
Florida – 0.1%
County of Palm Beach FL Revenue Bonds Taxable (Refunding) Series B
$	635,000		0.500	%	12/01/24	$    622,572
Rhode Island(a)(c)(e) – 0.0%
Rhode Island Student Loan Authority RB Series 2014-1 (1 mo. USD Term SOFR + 0.700%)
	31,461		6.139		10/02/28	31,220
TOTAL MUNICIPAL DEBT OBLIGATIONS (Cost $666,355)						$    653,792
U.S. Treasury Obligations(g) – 4.6%
U.S. Treasury Bills
$	8,924,900		0.000	%(f)	07/09/24	$  8,914,526
	1,821,800		0.000		07/11/24	1,819,141
	1,174,800		0.000		07/16/24	1,172,226
	11,921,500		0.000		08/06/24	11,859,180
TOTAL U.S. TREASURY OBLIGATIONS (Cost $23,764,540)						$ 23,765,073
Shares		Dividend Rate				Value
Investment Company(h) – 1.3%
Goldman Sachs Financial Square Government Fund — Institutional Shares
	6,986,510		5.213%			$  6,986,510
(Cost $6,986,510)
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS – 94.6% (Cost $499,000,846)						$493,569,380
Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments – 3.3%
Certificates of Deposit(c) – 1.4%
Kookmin Bank (Secured Overnight Financing Rate + 0.600%)
$	4,208,000		5.940	%	03/20/25	$  4,213,178
Macquarie Bank Ltd.(b) (Secured Overnight Financing Rate + 0.260%)
	966,000		5.600		12/02/24	966,256

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments – (continued)
Certificates of Deposit(c) – (continued)
(Secured Overnight Financing Rate + 0.400%)
$	2,151,000		5.740	%	06/24/25	$  2,150,790
						7,330,224
Commercial Paper(g) –1.9%
Dollarama, Inc.(b)
	1,052,000		0.000		07/08/24	1,050,378
Enel Finance America LLC(b)
	1,713,000		0.000		09/27/24	1,688,922
General Motors Financial Co., Inc.(b)
	809,000		0.000		02/03/25	781,359
Intesa Sanpaolo Funding LLC
	2,489,000		0.000		01/09/25	2,412,240
LSEGA Financing PLC(b)
	1,186,000		0.000		08/22/24	1,176,102
UDR, Inc.(b)
	2,620,000		0.000		07/10/24	2,615,233
						9,724,234
TOTAL SHORT-TERM INVESTMENTS (Cost $17,054,562)						$ 17,054,458
TOTAL INVESTMENTS – 97.9% (Cost $516,055,408)						$510,623,838
OTHER ASSETS IN EXCESS OF  LIABILITIES – 2.1%						11,187,630
NET ASSETS – 100.0%						$521,811,468

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
(a)	Security with “Call” features with resetting interest rates. Maturity dates disclosed are the final maturity dates.
(b)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(c)	Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on June 30, 2024.
(d)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(e)	Security with “Put” features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on June 30, 2024.
(f)	All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.
(g)	Issued with a zero coupon. Income is recognized through the accretion of discount.
(h)	Represents an affiliated issuer.

GOLDMAN SACHS ENHANCED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS — At June 30, 2024, the Fund had the following forward foreign currency exchange contracts:

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN

Counterparty	Currency Purchased		Currency Sold		Settlement Date		Unrealized Gain
BNP Paribas SA	USD	4,319,101	EUR	3,990,293		07/30/24	$	39,458

FUTURES CONTRACTS — At June 30, 2024, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date	Notional Amount		Unrealized Appreciation/ (Depreciation)
Long position contracts:
2 Year U.S. Treasury Notes	136	09/30/24	$	27,773,750	$	(4,135	)
5 Year U.S. Treasury Notes	146	09/30/24		15,560,406		92,576
TOTAL FUTURES CONTRACTS					$	88,441

SWAP CONTRACTS — At June 30, 2024, the Fund had the following swap contracts:

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS

Payments Made by the Fund	Payments Received by Fund		Termination Date		Notional Amount (000s)(a)		Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
12M SOFR(b)		4.500%(b)		06/20/25	$	173,360	$	(962,040	)	$	(506,156	)	$	(455,884	)
12M SOFR(c)		4.730(c)		06/30/26		18,450		77,560			8,282			69,278
4.000%(c)		12M SOFR(c)		06/20/27		56,460		540,641			262,504			278,137
4.301(c)		12M SOFR(c)		11/30/28		36,140		(344,844	)		(8,456	)		(336,388	)
TOTAL							$	(688,683	)	$	(243,826	)	$	(444,857	)

(a) Represents forward starting interest rate swaps whose effective dates of commencement of accruals and cash flows occur subsequent to June 30, 2024.

(b) Payments made at maturity.

(c) Payments made annually.

Currency Abbreviations:
EUR	— Euro
USD	— U.S. Dollar
Investment Abbreviations:
CLO	— Collateralized Loan Obligation
CMT	— Constant Maturity Treasury Indexes
EURIBOR	— Euro Interbank Offered Rate
LLC	— Limited Liability Company
LP	— Limited Partnership
PLC	— Public Limited Company
RB	— Revenue Bond
REMICS	— Real Estate Mortgage Investment Conduits
SOFR	— Secured Overnight Financing Rate
STACR	— Structured Agency Credit Risk
STRIPS	— Separate Trading of Registered Interest and Principal of Securities
Abbreviation:
SOFR	— Secured Overnight Financing Rate

  

GOLDMAN SACHS GOVERNMENT INCOME FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 65.0%
Collateralized Mortgage Obligations – 3.2%
Sequential Fixed Rate – 1.5%
Arroyo Mortgage Trust Series 2022-1, Class A1A
$	174,105		2.495	%(a)(b)(c)	12/25/56	$    161,778
Federal Home Loan Mortgage Corp. REMICS Series 2329, Class ZA
	89,440		6.500		06/15/31	90,394
Federal Home Loan Mortgage Corp. REMICS Series 4246, Class PT
	36,979		6.500		02/15/36	38,178
Federal National Mortgage Association REMICS Series 2011-99, Class DB
	183,196		5.000		10/25/41	181,228
Federal National Mortgage Association REMICS Series 2012- 111, Class B
	26,474		7.000		10/25/42	27,831
Federal National Mortgage Association REMICS Series 2012- 153, Class B
	114,948		7.000		07/25/42	122,782
Federal National Mortgage Association REMICS Series 2011-52, Class GB
	195,494		5.000		06/25/41	193,459
Government National Mortgage Association REMICS Series 2021-135, Class A
	1,218,090		2.000	(a)	08/20/51	975,437
						1,791,087
Sequential Floating Rate(a)(d) – 1.7%
Angel Oak Mortgage Trust Series 2021-6, Class A1
	64,683		1.458	(b)	09/25/66	52,381
Angel Oak Mortgage Trust Series 2020-3, Class M1
	150,000		3.809	(b)	04/25/65	136,109
Chase Home Lending Mortgage Trust Series 2024-3, Class A5A
	100,000		5.500	(b)	02/25/55	95,345
CSMC Trust Series 2021-NQM8, Class A1
	89,154		1.841	(b)	10/25/66	77,420
CSMC Trust Series 2022-NQM1, Class A1
	248,632		2.265	(b)	11/25/66	216,512
JP Morgan Mortgage Trust Series 2021-LTV2, Class A1
	497,232		2.520	(b)	05/25/52	403,669
JP Morgan Mortgage Trust Series 2024-VIS1, Class A1
	245,456		5.990	(b)	07/25/64	247,144
JP Morgan Mortgage Trust Series 2024-3, Class A4
	387,166		3.000	(b)	05/25/54	338,732
JP Morgan Mortgage Trust Series 2024-4, Class A5A
	125,000		6.000	(b)	10/25/54	122,748
JP Morgan Mortgage Trust Series 2024-5, Class A6
	175,000		6.000	(b)	11/25/54	174,122
Merrill Lynch Mortgage Investors Trust Series 2004-E, Class A2B (6 mo. USD Term SOFR + 1.148%)
	30,934		6.394		11/25/29	29,726
OBX Trust Series 2022-J2, Class A1
	221,773		3.500	(b)	08/25/52	191,453

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(a)(d) – (continued)
Verus Securitization Trust Series 2021-8, Class A1
$	70,591		1.824	%(b)	11/25/66	$     61,390
						2,146,751
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$  3,937,838
Commercial Mortgage-Backed Securities – 4.8%
Sequential Fixed Rate – 2.2%
Bank Series 2019-BN24, Class A3
$	600,000		2.960	%(a)	11/15/62	$    534,346
Bank Series 2020-BN29, Class A4
	600,000		1.997	(a)	11/15/53	480,809
Bank of America Merrill Lynch Commercial Mortgage Trust Series 2017-BNK3, Class A4
	150,000		3.574	(a)	02/15/50	142,930
BBCMS Mortgage Trust Series 2024-C24, Class A5
	175,000		5.419	(a)	02/15/57	176,287
BBCMS Mortgage Trust Series 2024-C24, Class AS
	125,000		5.867	(a)	02/15/57	127,201
BMO Mortgage Trust Series 2023-C7, Class A5
	300,000		6.160	(a)	12/15/56	316,905
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-OPO, Class A
	125,000		3.024	(b)	01/05/39	111,677
Morgan Stanley Capital I Trust Series 2021-L7, Class A5
	250,000		2.574	(a)	10/15/54	207,867
One Bryant Park Trust Series 2019-OBP, Class A
	230,000		2.516	(b)	09/15/54	195,236
Wells Fargo Commercial Mortgage Trust Series 2021-C59, Class A5
	500,000		2.626	(a)	04/15/54	419,485
						2,712,743
Sequential Floating Rate(d) – 2.6%
Bank Series 2021-BN37, Class A5
	600,000		2.618	(a)	11/15/64	498,496
Bank Series 2021-BN31, Class AS
	250,000		2.211	(a)	02/15/54	202,756
Bank5 Series 2023-5YR4, Class AS
	100,000		7.274	(a)	12/15/56	105,439
Benchmark Mortgage Trust Series 2022-B37, Class A5
	100,000		5.942	(a)	11/15/55	103,339
BLP Commercial Mortgage Trust Series 2024-IND2, Class A (1 mo. USD Term SOFR + 1.342%)
	225,000		6.671	(b)	03/15/41	223,315
BMO Mortgage Trust Series 2023-C4, Class A5
	225,000		5.117	(a)	02/15/56	221,551
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	215,771		6.721	(b)	03/15/41	214,767
BX Commercial Mortgage Trust Series 2024-WPT, Class A (1 mo. USD Term SOFR + 1.541%)
	225,000		6.870	(b)	03/15/34	224,100
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
	425,000		6.971	(b)	02/15/41	423,623

GOLDMAN SACHS GOVERNMENT INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(d) – (continued)
BX Trust Series 2024-PAT, Class A (1 mo. USD Term SOFR + 2.090%)
$	150,000		7.419	%(b)	03/15/41	$    149,813
DC Trust Series 2024-HLTN, Class A
	150,000		5.934	(b)	04/13/28	148,169
MSWF Commercial Mortgage Trust Series 2023-2, Class A5
	200,000		6.014	(a)	12/15/56	210,087
SCG Mortgage Trust Series 2024-MSP, Class A (1 mo. USD Term SOFR + 1.741%)
	200,000		7.070	(b)	04/15/41	198,601
TYSN Mortgage Trust Series 2023-CRNR, Class A
	280,000		6.799	(b)	12/10/33	288,895
						3,212,951
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$  5,925,694
Federal Agencies – 57.0%
Adjustable Rate Federal Home Loan Mortgage Corp. – 0.1%
(1 yr. CMT + 2.250%)
$	113,195		6.320	%	09/01/33	$    114,186
Adjustable Rate Federal National Mortgage Association – 0.4%
(RFUCC 1 yr. Treasury + 1.670%)(d)
	12,452		5.920		11/01/32	12,666
	108,000		5.920		10/01/33	110,233
(RFUCC 6 mo. Treasury + 1.413%)(d)
	178,693		6.538		05/01/33	179,838
(1 yr. CMT + 2.169%)(d)
	2,845		6.935		06/01/33	2,870
(1 yr. CMT + 2.193%)(d)
	76,581		6.319		02/01/35	77,389
(RFUCC 1 yr. Treasury + 1.389%)(d)
	68,758		5.639		09/01/35	69,904
						452,900
Adjustable Rate Government National Mortgage Association – 0.2%
(1 yr. CMT + 1.500%)(d)
	49		4.000		07/20/24	49
	252		3.625		08/20/24	251
	172		4.000		08/20/24	172
	222		3.625		09/20/24	220
	611		4.000		11/20/24	608
	297		4.000		12/20/24	295
	887		4.500		12/20/24	882
	601		4.625		01/20/25	597
	622		4.625		02/20/25	618
	2,971		4.000		05/20/25	2,950
	3,367		4.000		07/20/25	3,334
	2,614		4.625		02/20/26	2,584
	110		3.625		07/20/26	108
	8,526		4.625		01/20/27	8,413
	2,209		4.625		02/20/27	2,180
	25,455		3.875		04/20/27	25,158
	2,000		3.875		05/20/27	1,977
	5,483		3.875		06/20/27	5,419
	1,669		3.750		11/20/27	1,634
	17		4.000		11/20/27	17
	4,801		3.750		12/20/27	4,701

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Adjustable Rate Government National Mortgage Association – (continued)
$	11,406		4.625	%	01/20/28	$     11,257
	4,050		4.625		02/20/28	3,997
	3,576		4.625		03/20/28	3,529
	24,270		3.625		07/20/29	23,842
	9,169		3.625		08/20/29	9,009
	2,367		3.625		09/20/29	2,326
	11,367		3.750		10/20/29	11,136
	15,079		3.750		11/20/29	14,772
	2,886		3.750		12/20/29	2,828
	4,969		4.625		01/20/30	4,911
	1,271		4.625		02/20/30	1,257
	9,198		4.625		03/20/30	9,094
	13,377		3.875		04/20/30	13,259
	21,290		3.875		05/20/30	21,106
	16,667		4.000		05/20/30	16,541
	3,945		3.875		06/20/30	3,911
	32,849		4.000		07/20/30	32,451
	6,100		4.000		09/20/30	6,027
	9,623		3.750		10/20/30	9,434
	21,294		4.625		03/20/32	21,089
						283,943
Federal Home Loan Mortgage Corp. – 0.3%
	9,544		6.500		07/01/28	9,600
	65,938		4.500		03/01/29	64,974
	5,447		5.000		08/01/33	5,407
	830		5.000		09/01/33	823
	2,013		5.000		10/01/33	1,998
	1,265		5.000		11/01/34	1,256
	49,302		5.000		12/01/34	48,948
	3,296		5.000		07/01/35	3,273
	2		5.000		11/01/35	2
	6,949		5.000		12/01/35	6,944
	12,601		5.000		02/01/37	12,550
	879		5.000		03/01/38	875
	30,822		5.000		07/01/39	30,880
	5,371		4.000		06/01/40	5,081
	2,049		5.000		08/01/40	2,053
	596		4.500		11/01/40	580
	35,236		4.000		02/01/41	33,321
	2,070		5.000		06/01/41	2,072
	80,961		5.000		07/01/41	80,487
	3,000		4.000		11/01/41	2,847
	3,795		3.000		05/01/42	3,372
	5,187		3.000		08/01/42	4,608
	6,982		3.000		01/01/43	6,241
	30,001		3.000		02/01/43	26,801
						354,993
Federal National Mortgage Association – 0.2%
	1,376		6.500		11/01/28	1,389
	22,718		7.000		07/01/31	23,641
	169,000		5.500		07/01/33	170,271
						195,301

GOLDMAN SACHS GOVERNMENT INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Government National Mortgage Association – 20.7%
$	6,879		7.000	%		12/15/27		$      6,922
	3,238		6.500			08/15/28		3,269
	17,130		6.000			01/15/29		17,316
	38,950		7.000			10/15/29		39,683
	11,118		5.500			11/15/32		11,204
	284,229		5.500			12/15/32		287,136
	3,507		5.500			01/15/33		3,528
	16,608		5.500			02/15/33		16,785
	16,764		5.500			03/15/33		16,931
	21,490		5.500			07/15/33		21,670
	8,107		5.500			08/15/33		8,185
	3,380		5.500			09/15/33		3,402
	8,370		5.500			04/15/34		8,453
	7,046		5.500			05/15/34		7,112
	110,885		5.500			06/15/34		112,354
	79,090		5.500			09/15/34		80,209
	75,105		5.500			12/15/34		76,234
	64,823		5.500			01/15/35		65,831
	25,037		5.000			03/15/38		25,026
	2,427		4.000			02/20/41		2,305
	3,876		4.000			11/20/41		3,677
	648		4.000			01/20/42		615
	2,060		4.000			04/20/42		1,953
	1,302		4.000			10/20/42		1,234
	141,496		4.000			08/20/43		133,906
	1,837		4.000			03/20/44		1,737
	2,266		4.000			05/20/44		2,143
	157,702		4.000			11/20/44		148,394
	705,009		4.000			06/20/45		663,399
	156,527		4.000			01/20/46		147,093
	107,571		4.500			02/20/48		103,994
	56,407		5.000			08/20/48		55,696
	471,160		5.000			10/20/48		464,338
	261,593		5.000			11/20/48		257,806
	408,453		5.000			12/20/48		402,028
	566,596		5.000			01/20/49		557,685
	699,813		4.000			02/20/49		653,917
	359,072		5.000			03/20/49		353,873
	1,851,478		3.000			11/20/49		1,624,306
	1,187,433		3.000			02/20/50		1,041,079
	392,009		3.000			03/20/50		343,993
	125,569		3.500			01/20/51		113,328
	537,518		2.500			11/20/51		447,463
	797,525		3.000			12/20/51		695,821
	307,269		2.500			12/20/51		255,789
	896,924		3.500			02/20/53		809,538
	4,000,000		2.500			TBA-30yr	(e)	3,363,958
	6,000,000		2.000			TBA-30yr	(e)	4,858,417
	2,000,000		4.500			TBA-30yr	(e)	1,901,142
	4,000,000		6.000			TBA-30yr	(e)	4,017,188
	1,000,000		7.000			TBA-30yr	(e)	1,018,070
								25,257,135
Uniform Mortgage-Backed Security – 35.1%
	630		4.500			07/01/36		614
	699		4.500			04/01/39		679
	3,483		4.500			05/01/39		3,394
	1,389		4.000			08/01/39		1,312

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	6,892		4.500	%		08/01/39		$      6,716
	116,859		4.500			12/01/39		113,866
	6,999		4.500			01/01/41		6,798
	6,791		4.500			05/01/41		6,589
	36,217		4.500			08/01/41		35,239
	63,360		4.500			08/01/42		61,595
	6,005		3.000			11/01/42		5,360
	78,310		3.000			12/01/42		70,405
	201,896		3.000			01/01/43		181,039
	37,583		3.000			02/01/43		33,680
	262,516		3.000			03/01/43		234,543
	440,231		3.000			04/01/43		392,900
	278,085		3.000			05/01/43		247,975
	53,684		3.000			06/01/43		47,791
	435,676		3.000			07/01/43		388,213
	347,059		4.500			10/01/44		335,622
	428,095		4.500			04/01/45		414,280
	52,856		4.500			05/01/45		51,100
	195,687		4.500			06/01/45		189,248
	171,189		4.000			11/01/45		159,880
	57,851		4.000			03/01/46		53,992
	4,300		4.500			05/01/46		4,137
	31,844		4.000			06/01/46		29,704
	47,877		4.500			08/01/46		46,063
	9,306		4.000			08/01/46		8,681
	75,625		4.000			10/01/46		70,542
	16,216		4.500			06/01/47		15,637
	513,226		4.500			11/01/47		493,616
	181,678		4.000			12/01/47		169,927
	168,286		4.000			01/01/48		157,401
	635,556		4.000			02/01/48		593,748
	441,251		4.000			03/01/48		411,608
	513,804		4.000			06/01/48		480,250
	164,291		4.000			08/01/48		153,151
	720,383		5.000			11/01/48		711,820
	912,514		4.500			01/01/49		871,374
	254,489		4.500			03/01/49		242,936
	657,423		4.500			04/01/49		628,605
	45,682		3.500			07/01/49		41,157
	1,080,800		3.000			09/01/49		940,226
	1,585,905		4.500			03/01/50		1,522,414
	2,551,405		2.500			09/01/50		2,130,934
	2,774,726		2.000			10/01/50		2,187,781
	2,775,258		2.000			11/01/50		2,187,449
	942,096		2.500			11/01/50		783,306
	1,805,135		2.500			02/01/51		1,483,549
	2,560,519		2.500			05/01/51		2,129,744
	6,037		4.500			05/01/51		5,761
	795,558		2.000			05/01/51		625,277
	4,384,735		2.000			12/01/51		3,443,130
	2,752,039		2.000			02/01/52		2,160,304
	206,625		4.500			04/01/52		195,082
	886,550		5.500			09/01/52		883,946
	1,014,656		6.000			11/01/52		1,030,099
	183,023		6.000			12/01/52		186,381
	937,333		4.500			05/01/53		893,316
	1,000,000		2.500			TBA-30yr	(e)	816,719
	6,000,000		3.000			TBA-30yr	(e)	5,105,628

GOLDMAN SACHS GOVERNMENT INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	3,000,000		5.500	%		TBA-30yr	(e)	$  2,958,867
	2,000,000		6.500			TBA-30yr	(e)	2,035,468
	1,000,000		7.000			TBA-30yr	(e)	1,028,132
								42,906,700
TOTAL FEDERAL AGENCIES								$ 69,565,158
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $83,438,959)								$ 79,428,690
Agency Debentures – 22.3%
Sovereign – 22.3%
Federal Home Loan Banks
$	3,620,000		3.500	%		06/11/32		$  3,328,662
Federal National Mortgage Association
	4,000,000		6.625			11/15/30		4,467,280
Tennessee Valley Authority
	20,150,000		0.750			05/15/25		19,380,069
TOTAL AGENCY DEBENTURES (Cost $28,715,114)								$ 27,176,011
Asset-Backed Securities(a)(b) – 2.3%
Automotive(c) – 0.3%
Ford Credit Auto Owner Trust Series 2024-1, Class A
$	325,000		4.870	%		08/15/36		$    322,162
Collateralized Loan Obligations(d) – 0.7%
Towd Point Mortgage Trust Series 2017-4, Class A2
	1,030,153		3.000			06/25/57		931,658
Student Loan(d) – 1.3%
ECMC Group Student Loan Trust Series 2018-2A, Class A (1 mo. USD Term SOFR + 0.914%)
	764,314		6.250			09/25/68		759,032
Scholar Funding Trust Series 2013-A, Class A (1 mo. USD Term SOFR + 0.764%)
	849,657		6.100			01/30/45		844,095
								1,603,127
TOTAL ASSET-BACKED SECURITIES (Cost $2,978,171)								$  2,856,947
Municipal Debt Obligations – 1.8%
New Jersey – 1.8%
New Jersey Economic Development Authority
$	2,000,000		7.425	%		02/15/29		$  2,130,550
(Cost $2,000,000)

Principal Amount		Interest Rate			Maturity Date	Value
U.S. Treasury Obligations – 30.1%
U.S. Treasury Bonds
$	840,000		4.750	%	02/15/41	$    862,313
	3,830,000		3.625		02/15/44	3,317,139
	7,740,000		3.375		05/15/44	6,448,387
	3,320,000		3.125		08/15/44	2,652,369
	2,380,000		2.875		11/15/46	1,786,488
	310,000		4.125		08/15/53	288,736
U.S. Treasury Inflation-Indexed Bonds
	305,857		1.500		02/15/53	257,051
U.S. Treasury Notes
	4,350,000		0.625		11/30/27	3,823,922
	4,710,000		1.250		03/31/28	4,194,108
	40,000		4.125		03/31/29	39,597
	1,620,000		4.250		06/30/29	1,613,229
	1,727,600		3.625		03/31/30	1,663,625
	692,800		0.625		05/15/30	559,977
	9,555,300		3.750		05/31/30	9,254,457
TOTAL U.S. TREASURY OBLIGATIONS (Cost $41,348,730)						$ 36,761,398
TOTAL INVESTMENTS – 121.5% (Cost $158,480,974)						$148,353,596
OTHER ASSETS IN EXCESS OF  LIABILITIES – (21.5)%						(26,219,374)
NET ASSETS – 100.0%						$122,134,222

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
(a)	Security with “Call” features with resetting interest rates. Maturity dates disclosed are the final maturity dates.
(b)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(c)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(d)	Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on June 30, 2024.
(e)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned. Total market value of TBA securities (excluding forward sales contracts, if any) amounts to $27,103,589 which represents approximately 22.4% of net assets as of June 30, 2024.

GOLDMAN SACHS GOVERNMENT INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FORWARD SALES CONTRACTS — At June 30, 2024, the Fund had the following forward sales contracts:

Description	Interest Rate			Maturity Date(a)		Settlement Date		Principal Amount		Value
Government National Mortgage Association		3.000	%		TBA - 30yr		08/15/24	$	(2,000,000)	$	(1,744,754)
Government National Mortgage Association		3.000			TBA - 30yr		07/15/24		(1,000,000)		(871,986)
Government National Mortgage Association		4.000			TBA - 30yr		07/15/24		(1,000,000)		(924,136)
Government National Mortgage Association		5.000			TBA - 30yr		07/15/24		(1,000,000)		(973,643)
Uniform Mortgage-Backed Security		2.000			TBA - 30yr		07/15/24		(9,000,000)		(7,038,984)
Uniform Mortgage-Backed Security		4.000			TBA - 30yr		07/15/24		(2,000,000)		(1,829,688)
Uniform Mortgage-Backed Security		4.500			TBA - 30yr		07/15/24		(6,000,000)		(5,655,702)
Uniform Mortgage-Backed Security		6.000			TBA - 30yr		07/15/24		(1,000,000)		(1,002,813)
(PROCEEDS RECEIVED: $(20,100,469))										$	(20,041,706)

(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned.

FUTURES CONTRACTS — At June 30, 2024, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date	Notional Amount			Unrealized Appreciation/ (Depreciation)
Long position contracts:
10 Year U.S. Treasury Notes	67	09/19/24	$	7,368,953		$	42,817
5 Year U.S. Treasury Notes	159	09/30/24		16,945,922			105,583
Total						$	148,400
Short position contracts:
2 Year U.S. Treasury Notes	(12)	09/30/24		(2,450,625	)		(4,686	)
20 Year U.S. Treasury Bonds	(9)	09/19/24		(1,064,812	)		(1,240	)
Ultra 10-Year U.S. Treasury Note	(4)	09/19/24		(454,125	)		(4,953	)
Ultra Long U.S. Treasury Bonds	(5)	09/19/24		(626,719	)		(2,455	)
Total						$	(13,334	)
TOTAL FUTURES CONTRACTS						$	135,066

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS

Payments Made by the Fund	Payments Received by Fund	Termination Date	Notional Amount (000s)			Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
12M SOFR(a)	4.430%(a)	12/31/24	$	10		$	(90	)	$	(1	)	$	(89	)
12M SOFR(a)	4.746(a)	03/31/26		8,350			4,130			(3,627	)		7,757
4.223%(b)	12M SOFR(b)	04/11/26		1,170	(c)		340			(181	)		521
4.426(b)	12M SOFR(b)	04/16/26		2,050	(c)		(3,473	)		804			(4,277	)
4.172(b)	12M SOFR(b)	05/20/26		1,200	(c)		66			195			(129	)
12M SOFR(a)	4.730(a)	06/30/26		6,650	(c)		27,955			2,519			25,436
3.490(a)	12M SOFR(a)	05/28/27		10			248			(21	)		269
4.335(a)	12M SOFR(a)	11/30/27		4,360			(7,390	)		4,351			(11,741	)
4.290(a)	12M SOFR(a)	03/31/28		4,340			(8,790	)		4,695			(13,485	)

GOLDMAN SACHS GOVERNMENT INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS (continued)

Payments Made by the Fund	Payments Received by Fund	Termination Date		Notional Amount (000s)			Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
12M SOFR(a)	3.804%(a)		04/13/28	$	2,490	(c)	$	2,879		$	768		$	2,111
4.301%(a)	12M SOFR(a)		11/30/28		13,020	(c)		(124,235	)		(3,440	)		(120,795	)
12M SOFR(a)	4.024(a)		04/16/30		3,540	(c)		30,199			(15,312	)		45,511
2.680(a)	12M SOFR(a)		07/28/32		2,240			93,605			13,760			79,845
12M SOFR(a)	3.789(a)		05/21/34		2,010	(c)		(1,591	)		297			(1,888	)
3.992(a)	12M SOFR(a)		04/16/35		1,950	(c)		(23,937	)		10,871			(34,808	)
12M SOFR(a)	2.910(a)		07/28/37		5,690			(192,442	)		(93,958	)		(98,484	)
12M SOFR(a)	3.391(a)		05/10/38		850	(c)		(15,493	)		(11,810	)		(3,683	)
2.080(a)	12M SOFR(a)		07/28/47		5,870			182,788			75,407			107,381
2.564(a)	12M SOFR(a)		05/11/53		820			21,114			203			20,911
3.380(a)	12M SOFR(a)		04/11/54		690	(c)		234			(1,011	)		1,245
3.343(a)	12M SOFR(a)		05/20/54		1,170	(c)		2,511			1,688			823
TOTAL							$	(11,372	)	$	(13,803	)	$	2,431

(a) Payments made annually.

(b) Payments made at maturity.

(c) Represents forward starting interest rate swaps whose effective dates of commencement of accruals and cash flows occur subsequent to June 30, 2024.

Currency Abbreviations:
USD	— U.S. Dollar
Investment Abbreviations:
CMT	— Constant Maturity Treasury Indexes
REMICS	— Real Estate Mortgage Investment Conduits
RFUCC	— Refinitive USD IBOR Consumer Cash Fallbacks 1 year
SOFR	— Secured Overnight Financing Rate
Abbreviation:
SOFR	— Secured Overnight Financing Rate

GOLDMAN SACHS INFLATION PROTECTED SECURITIES FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
U.S. Treasury Obligations – 98.9%
U.S. Treasury Inflation-Indexed Bonds
$	11,865,008		2.125	%(a)	02/15/40	$ 11,737,089
	11,887,029		1.000		02/15/48	9,095,899
	22,208,924		1.500		02/15/53	18,665,039
	2,318,850		2.125		02/15/54	2,255,354
U.S. Treasury Inflation-Indexed Notes
	678,593		0.375	(a)	07/15/25	661,495
	46,909,214		0.125	(a)	07/15/26	44,834,948
	8,578,789		0.375		01/15/27	8,156,886
	23,479,278		0.375		07/15/27	22,284,220
	36,504,130		1.625		10/15/27	35,925,197
	20,945,808		1.250		04/15/28	20,238,887
	12,661,527		2.375		10/15/28	12,832,160
	1,823,912		0.125		07/15/31	1,601,409
	5,609,594		1.125		01/15/33	5,190,189
	25,261,505		1.375		07/15/33	23,861,268
	19,340,616		1.750		01/15/34	18,775,507
U.S. Treasury Notes
	3,210,000		4.250		06/30/29	3,196,583
TOTAL U.S. TREASURY OBLIGATIONS (Cost $244,995,017)						$239,312,130

Shares		Dividend Rate	Value
Investment Company(b) –0.2%
Goldman Sachs Financial Square Government Fund — Institutional Shares
	444,160	5.213%	$    444,160
(Cost $ 444,160)
TOTAL INVESTMENTS – 99.1% (Cost $ 245,439,177)			$239,756,290
OTHER ASSETS IN EXCESS OF  LIABILITIES – 0.9%			2,081,797
NET ASSETS – 100.0%			$241,838,087

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
(a)	All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.
(b)	Represents an affiliated issuer.

GOLDMAN SACHS INFLATION PROTECTED SECURITIES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FUTURES CONTRACTS — At June 30, 2024, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date	Notional Amount			Unrealized Appreciation/ (Depreciation)
Long position contracts:
10 Year U.S. Treasury Notes	347	09/19/24	$	38,164,578		$	274,995
5 Year U.S. Treasury Notes	465	09/30/24		49,558,828			287,802
Ultra 10-Year U.S. Treasury Note	16	09/19/24		1,816,500			17,256
Total						$	580,053
Short position contracts:
2 Year U.S. Treasury Notes	(137)	09/30/24		(27,977,969	)	$	(21,499	)
20 Year U.S. Treasury Bonds	(69)	09/19/24		(8,163,562	)		(103,502	)
Ultra Long U.S. Treasury Bonds	(100)	09/19/24		(12,534,375	)		(149,764	)
Total						$	(274,765	)
TOTAL FUTURES CONTRACTS						$	305,288

SWAP CONTRACTS — At June 30, 2024, the Fund had the following swap contracts:

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS

Payments Made by the Fund	Payments Received by Fund	Termination Date		Notional Amount (000s)			Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
2.103%(a)	1T CPI-U(a)		12/14/24	$	10,000		$	1,208,451		$	9		$	1,208,442
4.430(b)	12M SOFR(b)		12/31/24		10			109			(13	)		122
2.007(a)	1T CPI-U(a)		02/07/26		6,300			798,030			19			798,011
4.223(a)	12M SOFR(a)		04/11/26		5,900	(c)		1,713			(44	)		1,757
4.426(a)	12M SOFR(a)		04/16/26		7,990	(c)		(13,534	)		3,119			(16,653	)
4.172(a)	12M SOFR(a)		05/20/26		4,870	(c)		269			304			(35	)
12M SOFR(b)	4.730%(b)		06/30/26		25,670	(c)		107,911			9,726			98,185
12M SOFR(b)	3.490(b)		05/31/27		10			(279	)		(22	)		(257	)
12M SOFR(b)	3.804(b)		04/13/28		12,640	(c)		14,618			3,437			11,181
4.301(b)	12M SOFR(b)		11/30/28		50,320	(c)		(480,149	)		(13,297	)		(466,852	)
1T CPI-U(a)	2.103(a)		02/07/29		6,300			(816,237	)		44			(816,281	)
12M SOFR(b)	4.024(b)		04/16/30		13,810	(c)		117,811			(59,532	)		177,343
2.680(b)	12M SOFR(b)		07/28/32		9,220	(c)		385,288			66,686			318,602
12M SOFR(b)	3.789(b)		05/21/34		8,120	(c)		(6,429	)		3,191			(9,620	)
3.992(b)	12M SOFR(b)		04/16/35		7,630	(c)		(93,662	)		42,536			(136,198	)
12M SOFR(b)	2.910(b)		07/28/37		25,130	(c)		(849,924	)		(445,134	)		(404,790	)
12M SOFR(b)	3.391(b)		05/10/38		3,290	(c)		(59,969	)		(94,198	)		34,229
2.080(b)	12M SOFR(b)		07/28/47		25,380	(c)		790,316			320,869			469,447
2.564(b)	12M SOFR(b)		05/11/53		3,180	(c)		81,882			(2,404	)		84,286
3.380(b)	12M SOFR(b)		04/11/54		3,480	(c)		1,179			(2,090	)		3,269
3.343(b)	12M SOFR(b)		05/20/54		4,650	(c)		9,978			4,303			5,675
TOTAL							$	1,197,372		$	(162,491	)	$	1,359,863

(a) Payments made at maturity.

(b) Payments made annually.

(c) Represents forward starting interest rate swaps whose effective dates of commencement of accruals and cash flows occur subsequent to June 30, 2024.

Currency Abbreviations:
USD	— U.S. Dollar
Abbreviations:
CPI U	— Consumer Price Index For All Urban Consumers
SOFR	— Secured Overnight Financing Rate

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – 57.8%
Aerospace & Defense(a) – 1.9%
Boeing Co.
$	10,068,000		4.875	%	05/01/25	$    9,961,581
	5,400,000		2.600		10/30/25	5,163,696
	6,455,000		5.150		05/01/30	6,197,187
Howmet Aerospace, Inc.
	1,265,000		6.875		05/01/25	1,274,412
						22,596,876
Agriculture(a) – 0.6%
BAT International Finance PLC
	8,000,000		1.668		03/25/26	7,497,760
Automotive – 2.7%
Ford Motor Credit Co. LLC(a)
	5,639,000		2.300		02/10/25	5,511,728
	250,000		4.687		06/09/25	247,150
	3,785,000		4.542		08/01/26	3,685,417
General Motors Financial Co., Inc.(a)
	8,800,000		1.500		06/10/26	8,150,560
Goodyear Tire & Rubber Co.(a)
	3,235,000		9.500		05/31/25	3,242,052
Hyundai Capital America(b)
	2,350,000		5.800		06/26/25	2,353,055
Volkswagen Group of America Finance LLC(b)
	2,955,000		3.350		05/13/25	2,897,939
	5,800,000		3.950		06/06/25	5,709,868
ZF North America Capital, Inc.(b)
	900,000		4.750		04/29/25	888,291
						32,686,060
Banks – 23.7%
Banco Santander SA
	1,600,000		2.746		05/28/25	1,558,432
Bank of America Corp.
	23,950,000		3.950		04/21/25	23,601,288
(Secured Overnight Financing Rate + 1.990%)
	7,000,000		6.204	(a)(c)	11/10/28	7,205,800
(Secured Overnight Financing Rate + 2.040%)
	7,000,000		4.948	(a)(c)	07/22/28	6,942,670
Barclays PLC (a)(c)
(Secured Overnight Financing Rate + 1.490%)
	3,115,000		5.674		03/12/28	3,119,205
(Secured Overnight Financing Rate + 2.210%)
	2,445,000		5.829		05/09/27	2,447,543
(Secured Overnight Financing Rate + 2.714%)
	3,600,000		2.852		05/07/26	3,509,676
BNP Paribas SA(b)
	10,000,000		4.375		09/28/25	9,815,700
(Secured Overnight Financing Rate + 2.074%)
	3,275,000		2.219	(a)(c)	06/09/26	3,166,434
BPCE SA (a)(b)(c) (Secured Overnight Financing Rate + 1.520%)
	3,675,000		1.652		10/06/26	3,476,991
Canadian Imperial Bank of Commerce
	3,860,000		5.615		07/17/26	3,879,454
Citigroup, Inc.
	1,800,000		4.600		03/09/26	1,771,362
(5 yr. CMT + 3.597%)
	3,200,000		4.000	(a)(c)	12/10/25	3,069,088

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 0.694%)
$	15,075,000		2.014	%(a)(c)	01/25/26	$   14,753,149
(Secured Overnight Financing Rate + 1.280%)
	7,000,000		3.070	(a)(c)	02/24/28	6,606,880
(Secured Overnight Financing Rate + 1.887%)
	7,000,000		4.658	(a)(c)	05/24/28	6,886,810
(Secured Overnight Financing Rate + 2.842%)
	14,275,000		3.106	(a)(c)	04/08/26	13,985,503
Citizens Financial Group, Inc.(a)(c) (5 yr. CMT + 5.313%)
	1,000,000		5.650		10/06/25	971,100
Comerica, Inc.(a)(c) (5 yr. CMT + 5.291%)
	2,237,000		5.625		07/01/25	2,190,247
Credit Agricole SA
	5,700,000		4.375		03/17/25	5,628,180
(5 yr. USD Swap + 6.185%)
	2,410,000		8.125	(a)(b)(c)	12/23/25	2,444,198
Deutsche Bank AG(a)(c) (Secured Overnight Financing Rate + 1.594%)
	3,135,000		5.706		02/08/28	3,129,075
Fifth Third Bancorp(a)
	690,000		2.375		01/28/25	676,752
First Horizon Corp.(a)
	1,500,000		4.000		05/26/25	1,471,050
First-Citizens Bank & Trust Co.(a)(c) (3 mo. USD Term SOFR + 1.715%)
	1,050,000		2.969		09/27/25	1,038,943
HSBC Holdings PLC(a)(c)
(Secured Overnight Financing Rate + 1.538%)
	8,675,000		1.645		04/18/26	8,395,752
(Secured Overnight Financing Rate + 3.350%)
	2,945,000		7.390		11/03/28	3,114,632
ING Groep NV
	5,000,000		4.625	(b)	01/06/26	4,944,500
(1 yr. CMT + 1.100%)
	4,750,000		1.400	(a)(b)(c)	07/01/26	4,549,692
(5 yr. USD Swap + 4.446%)
	2,440,000		6.500	(a)(c)	04/16/25	2,421,090
JPMorgan Chase & Co.(a)(c)
(3 mo. USD Term SOFR + 1.585%)
	22,175,000		2.005		03/13/26	21,603,328
(Secured Overnight Financing Rate + 0.605%)
	3,446,000		1.561		12/10/25	3,382,456
(Secured Overnight Financing Rate + 0.800%)
	9,200,000		1.045		11/19/26	8,644,504
(Secured Overnight Financing Rate + 1.850%)
	6,360,000		2.083		04/22/26	6,176,514
KeyBank NA
	2,515,000		4.150		08/08/25	2,466,486
Lloyds Banking Group PLC
	1,525,000		4.500		11/04/24	1,515,530
Macquarie Group Ltd.(a)(b)(c) (Secured Overnight Financing Rate + 1.069%)
	2,100,000		1.340		01/12/27	1,965,978
Mitsubishi UFJ Financial Group, Inc.
	1,279,000		1.412		07/17/25	1,225,487
Morgan Stanley(a)(c)
(Secured Overnight Financing Rate + 0.720%)
	4,025,000		0.985		12/10/26	3,765,307

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 1.990%)
$	20,275,000		2.188	%	04/28/26	$   19,700,406
NatWest Group PLC(a)(c) (5 yr. USD Swap + 5.720%)
	2,445,000		8.000		08/10/25	2,462,580
Societe Generale SA(a)(b)(c) (1 yr. CMT + 1.500%)
	3,155,000		5.519		01/19/28	3,119,033
Truist Financial Corp.(a)(c) (5 yr. CMT + 4.605%)
	3,200,000		4.950		09/01/25	3,137,216
UBS AG
	11,225,000		3.700		02/21/25	11,084,463
	675,000		2.950		04/09/25	661,405
UBS Group AG(a)(b)(c) (Secured Overnight Financing Rate + 2.044%)
	9,600,000		2.193		06/05/26	9,281,568
Wells Fargo & Co.(a)(c)
(Secured Overnight Financing Rate + 1.510%)
	7,000,000		3.526		03/24/28	6,675,550
(Secured Overnight Financing Rate + 1.560%)
	9,910,000		4.540		08/15/26	9,786,125
(Secured Overnight Financing Rate + 1.980%)
	7,000,000		4.808		07/25/28	6,898,430
(Secured Overnight Financing Rate + 2.000%)
	7,200,000		2.188		04/30/26	6,991,776
Westpac New Zealand Ltd.(b)
	2,265,000		4.902		02/15/28	2,245,747
						289,561,085
Beverages(a)(b) – 0.3%
JDE Peet’s NV
	4,230,000		2.250		09/24/31	3,408,365
Building Materials(a)(b) – 0.0%
JELD-WEN, Inc.
	125,000		4.875		12/15/27	118,048
Summit Materials LLC/Summit Materials Finance Corp.
	115,000		6.500		03/15/27	115,200
						233,248
Chemicals(a) – 0.9%
Celanese U.S. Holdings LLC
	3,665,000		6.165		07/15/27	3,719,682
International Flavors & Fragrances, Inc.(b)
	5,225,000		1.230		10/01/25	4,943,216
OCI NV(b)
	1,043,000		4.625		10/15/25	1,025,332
SNF Group SACA(b)
	1,650,000		3.125		03/15/27	1,518,808
						11,207,038
Commercial Services(a) – 0.3%
Brink’s Co.(b)
	915,000		6.500		06/15/29	924,901
Global Payments, Inc.
	3,175,000		1.200		03/01/26	2,955,766
						3,880,667

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Computers(a) – 0.1%
NetApp, Inc.
$	1,300,000		1.875	%	06/22/25	$    1,252,810
Diversified Financial Services – 4.0%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust(a)
	5,925,000		3.500		01/15/25	5,849,219
	640,000		6.500		07/15/25	645,517
	5,000,000		6.150		09/30/30	5,170,150
Air Lease Corp.(a)
	7,038,000		2.300		02/01/25	6,884,924
	1,100,000		3.375		07/01/25	1,074,931
	5,175,000		1.875		08/15/26	4,799,036
Aviation Capital Group LLC(a)(b)
	1,725,000		1.950		01/30/26	1,623,242
Avolon Holdings Funding Ltd.(a)(b)
	2,075,000		2.875		02/15/25	2,033,189
Charles Schwab Corp.(a)(c) (5 yr. CMT + 4.971%)
	3,100,000		5.375		06/01/25	3,065,745
Macquarie Airfinance Holdings Ltd.(a)(b)
	260,000		6.400		03/26/29	264,620
Nasdaq, Inc.
	1,300,000		5.650		06/28/25	1,300,702
Nomura Holdings, Inc.
	2,695,000		5.099		07/03/25	2,677,671
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(a)(b)
	10,460,000		2.875		10/15/26	9,755,728
Synchrony Financial(a)
	4,260,000		4.875		06/13/25	4,216,293
						49,360,967
Electrical(a) – 1.8%
Avangrid, Inc.
	1,375,000		3.200		04/15/25	1,346,359
DTE Energy Co.
	2,375,000		1.050		06/01/25	2,276,485
Emera, Inc.(c) (3 mo. USD LIBOR + 5.440%)
	3,105,000		6.750		06/15/76	3,086,091
Enel Finance International NV(b)
	7,875,000		1.375		07/12/26	7,289,257
Entergy Corp.
	2,800,000		0.900		09/15/25	2,649,808
Vistra Operations Co. LLC(b)
	2,325,000		3.550		07/15/24	2,321,977
	2,965,000		5.000		07/31/27	2,868,786
						21,838,763
Electrical Components & Equipment(a)(b) – 0.1%
WESCO Distribution, Inc.
	1,485,000		6.375		03/15/29	1,490,940
Electronics(b) –0.3%
Sensata Technologies BV
	3,000,000		5.000		10/01/25	3,026,760
Energy-Alternate Sources(a)(b) – 0.0%
Greenko Dutch BV
	182,000		3.850		03/29/26	171,819

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Energy-Alternate Sources(a)(b) – (continued)
Greenko Wind Projects Mauritius Ltd.
$	200,000		5.500	%	04/06/25	$      197,250
						369,069
Engineering & Construction(a) – 0.3%
AECOM
	2,750,000		5.125		03/15/27	2,700,115
MasTec, Inc.
	754,000		5.900		06/15/29	757,582
						3,457,697
Entertainment – 0.7%
Caesars Entertainment, Inc.(a)(b)
	3,500,000		4.625		10/15/29	3,207,820
Six Flags Theme Parks, Inc.(a)(b)
	1,125,000		7.000		07/01/25	1,127,464
Warnermedia Holdings, Inc.
	3,735,000		3.638		03/15/25	3,675,165
						8,010,449
Environmental(a)(b) – 1.0%
GFL Environmental, Inc.
	3,880,000		3.750		08/01/25	3,842,675
	4,860,000		5.125		12/15/26	4,799,590
Veralto Corp.
	3,650,000		5.500		09/18/26	3,648,832
						12,291,097
Food & Drug Retailing – 0.6%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/
Albertsons LLC(a)(b)
	3,630,000		3.250		03/15/26	3,482,005
	110,000		7.500		03/15/26	111,425
Campbell Soup Co.
	3,700,000		5.200		03/19/27	3,705,328
						7,298,758
Gas(a) – 0.8%
NiSource, Inc.
	10,050,000		0.950		08/15/25	9,547,098
Healthcare Providers & Services – 2.2%
Centene Corp.(a)
	1,900,000		4.250		12/15/27	1,814,120
	8,410,000		2.450		07/15/28	7,468,332
HCA, Inc.
	7,810,000		5.375		02/01/25	7,781,806
	6,000,000		5.875	(a)	02/15/26	6,010,620
	3,650,000		5.625	(a)	09/01/28	3,681,974
						26,756,852
Housewares(a) – 0.2%
Newell Brands, Inc.
	2,770,000		4.875		06/01/25	2,731,608

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Insurance(b) – 0.5%
Athene Global Funding
$	305,000		1.450	%	01/08/26	$      286,419
Equitable Financial Life Global Funding
	1,550,000		1.400		07/07/25	1,484,745
Great-West Lifeco U.S. Finance 2020 LP(a)
	2,000,000		0.904		08/12/25	1,900,620
QBE Insurance Group Ltd.(a)(c) (5 yr. CMT + 5.513%)
	3,000,000		5.875		05/12/25	2,968,920
						6,640,704
Internet(a)(b) – 0.8%
Gen Digital, Inc.
	3,110,000		6.750		09/30/27	3,146,325
Prosus NV
	7,030,000		3.257		01/19/27	6,562,856
						9,709,181
Investment Companies – 0.7%
Blackstone Private Credit Fund
	6,000,000		4.700		03/24/25	5,929,740
Blue Owl Credit Income Corp.(a)
	3,355,000		3.125		09/23/26	3,110,957
						9,040,697
Iron/Steel – 0.1%
POSCO(b)
	310,000		5.750		01/17/28	313,681
Steel Dynamics, Inc.(a)
	345,000		2.400		06/15/25	334,257
						647,938
Leisure Time(a)(b) – 0.2%
Carnival Corp.
	2,280,000		5.750		03/01/27	2,254,213
Machinery-Diversified(a) – 1.4%
Ingersoll Rand, Inc.
	17,330,000		5.197		06/15/27	17,373,845
Media(a) – 0.2%
Charter Communications Operating LLC/Charter Communications Operating Capital
	2,911,000		4.908		07/23/25	2,886,169
Mining(a)(b) – 0.7%
Glencore Funding LLC
	4,200,000		1.625		09/01/25	4,006,632
	5,000,000		5.371		04/04/29	4,974,700
						8,981,332
Miscellaneous Manufacturing(a) – 1.0%
Amsted Industries, Inc.(b)
	2,754,000		5.625		07/01/27	2,716,601
Hillenbrand, Inc.
	1,191,000		6.250		02/15/29	1,197,574
Teledyne Technologies, Inc.
	9,375,000		1.600		04/01/26	8,767,312
						12,681,487

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Multi-National(a)(b) – 0.2%
African Export-Import Bank
$	1,050,000		2.634	%	05/17/26	$      983,314
	1,130,000		3.798		05/17/31	963,698
						1,947,012
Office & Business Equipment(a)(b) – 0.1%
Xerox Holdings Corp.
	1,501,000		5.000		08/15/25	1,473,877
Oil Field Services – 1.1%
Canadian Natural Resources Ltd.(a)
	1,875,000		2.050		07/15/25	1,806,675
Crescent Energy Finance LLC(a)(b)
	2,200,000		9.250		02/15/28	2,323,926
Petroleos Mexicanos
	210,000		6.875	(a)	10/16/25	208,656
	200,000		6.500		01/23/29	180,500
	300,000		8.750	(a)	06/02/29	294,563
QatarEnergy(a)
	2,160,000		1.375		09/12/26	1,987,200
Saudi Arabian Oil Co.(a)
	2,130,000		1.625		11/24/25	2,019,506
Sunoco LP(a)(b)
	1,740,000		7.000		05/01/29	1,783,935
Sunoco LP/Sunoco Finance Corp.(a)(b)
	2,300,000		7.000		09/15/28	2,357,914
						12,962,875
Packaging(a) – 0.5%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(b)
	1,165,000		6.000		06/15/27	1,141,723
Berry Global, Inc.
	3,200,000		1.570		01/15/26	3,007,264
Silgan Holdings, Inc.(b)
	1,925,000		1.400		04/01/26	1,783,667
						5,932,654
Pharmaceuticals(a) – 0.3%
Perrigo Finance Unlimited Co.
	1,184,000		3.900		12/15/24	1,166,583
PRA Health Sciences, Inc.(b)
	3,144,000		2.875		07/15/26	2,984,694
						4,151,277
Pipelines(a) – 2.4%
Cheniere Energy Partners LP
	2,835,000		4.500		10/01/29	2,700,139
DCP Midstream Operating LP
	2,956,000		5.375		07/15/25	2,944,324
	2,690,000		5.625		07/15/27	2,717,949
Hess Midstream Operations LP(b)
	710,000		6.500		06/01/29	719,514
Kinetik Holdings LP(b)
	1,700,000		6.625		12/15/28	1,726,945
MPLX LP
	8,300,000		1.750		03/01/26	7,803,328

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Pipelines(a) – (continued)
NGPL PipeCo LLC(b)
$	410,000		4.875	%	08/15/27	$      400,750
NuStar Logistics LP
	7,500,000		5.750		10/01/25	7,456,725
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
	2,720,000		6.875		01/15/29	2,789,714
						29,259,388
Real Estate(a)(b)(d) – 0.0%
Sunac China Holdings Ltd.
(PIK 6.000%, Cash 5.000%)
	12,553		6.000		09/30/26	1,600
	37,842		7.000		09/30/29	3,406
(PIK 6.250%, Cash 5.250%)
	12,568		6.250		09/30/27	1,400
(PIK 6.500%, Cash 5.500%)
	25,166		6.500		09/30/27	2,614
(PIK 6.750%, Cash 5.750%)
	37,796		6.750		09/30/28	3,685
(PIK 7.250%, Cash 6.250%)
	17,800		7.250		09/30/30	1,513
(PIK 7.800%, Cash 1.000%)
	21,848		1.000		09/30/32	1,311
						15,529
Real Estate Investment Trust(a) – 1.6%
American Tower Corp.
	1,150,000		2.400		03/15/25	1,122,768
	1,400,000		1.300		09/15/25	1,330,672
Crown Castle, Inc.
	1,750,000		1.350		07/15/25	1,674,400
MPT Operating Partnership LP/MPT Finance Corp.
	7,785,000		5.250		08/01/26	7,086,763
Retail Opportunity Investments Partnership LP
	3,250,000		6.750		10/15/28	3,363,945
VICI Properties LP/VICI Note Co., Inc.(b)
	4,590,000		3.500		02/15/25	4,528,953
						19,107,501
Retailing(a) – 0.8%
1011778 BC ULC/New Red Finance, Inc.(b)
	2,705,000		6.125		06/15/29	2,713,872
Murphy Oil USA, Inc.
	3,670,000		5.625		05/01/27	3,627,538
Penske Automotive Group, Inc.
	3,310,000		3.500		09/01/25	3,223,940
						9,565,350
Semiconductors(a) – 0.2%
Skyworks Solutions, Inc.
	2,425,000		1.800		06/01/26	2,254,620
Software – 0.8%
Fair Isaac Corp.(a)(b)
	2,705,000		5.250		05/15/26	2,675,164
Infor, Inc.(a)(b)
	1,075,000		1.750		07/15/25	1,029,968

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Software – (continued)
Oracle Corp.
$	3,575,000		5.800	%	11/10/25	$    3,592,661
PTC, Inc.(a)(b)
	2,085,000		3.625		02/15/25	2,058,958
						9,356,751
Telecommunication Services(a) – 0.6%
T-Mobile USA, Inc.
	7,145,000		3.500		04/15/25	7,025,035
Toys/Games/Hobbies(a)(b) – 0.2%
Mattel, Inc.
	2,815,000		5.875		12/15/27	2,824,487
Trucking & Leasing(a)(b) – 0.9%
Penske Truck Leasing Co. LP/PTL Finance Corp.
	4,950,000		1.200		11/15/25	4,663,444
	1,690,000		5.350		01/12/27	1,687,499
	5,000,000		3.350		11/01/29	4,535,350
						10,886,293
TOTAL CORPORATE OBLIGATIONS (Cost $724,220,220)						$  705,482,182
Asset-Backed Securities(a) – 20.3%
Automotive – 2.6%
Bank of America Auto Trust Series 2023-2A, Class A2(b)
$	2,352,496		5.850	%	08/17/26	$    2,353,893
Exeter Automobile Receivables Trust Series 2024-2A, Class A3
	1,900,000		5.630		10/15/26	1,898,122
Ford Credit Auto Lease Trust Series 2024-A, Class A2A
	7,000,000		5.240		07/15/26	6,984,254
Ford Credit Auto Owner Trust Series 2024-1, Class A(b)(e)
	3,200,000		4.870		08/15/36	3,172,060
Nissan Auto Lease Trust Series 2024-A, Class A2A
	6,350,000		5.110		10/15/26	6,327,041
Nissan Auto Receivables Owner Trust Series 2023-A, Class A2A
	1,880,132		5.340		02/17/26	1,878,730
Toyota Auto Receivables Owner Trust Series 2021-D, Class A3
	3,996,555		0.710		04/15/26	3,915,213
World Omni Auto Receivables Trust Series 2023-B, Class A2A
	1,643,429		5.250		11/16/26	1,641,476
World Omni Auto Receivables Trust Series 2024-B, Class A2A
	3,850,000		5.480		09/15/27	3,847,968
						32,018,757
Collateralized Loan Obligations – 11.3%
37 Capital CLO 1 Ltd. Series 2021-1A, Class A(b)(c) (3 mo. USD Term SOFR + 1.462%)
	3,700,000		6.790		10/15/34	3,701,950
37 Capital CLO 4 Ltd. Series 2023-2A, Class D(b)(c) (3 mo. USD Term SOFR + 5.500%)
	1,900,000		10.867		01/15/34	1,938,277
AMMC CLO XI Ltd. Series 2012-11A, Class A1R2(b)(c) (3 mo. USD Term SOFR + 1.272%)
	2,024,685		6.601		04/30/31	2,026,230

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – (continued)
Collateralized Loan Obligations – (continued)
Anchorage Capital CLO 15 Ltd. Series 2020-15A, Class AR(b)(c) (3 mo. USD Term SOFR + 1.462%)
$	7,600,000		6.786	%	07/20/34	$    7,611,096
Atlas Senior Loan Fund XVII Ltd. Series 2021-17A, Class A(b)(c) (3 mo. USD Term SOFR + 1.462%)
	8,200,000		6.786		10/20/34	8,203,961
Barings CLO Ltd. Series 2023-1A, Class A(b)(c) (3 mo. USD Term SOFR + 1.750%)
	4,800,000		7.075		04/20/36	4,831,531
Bryant Park Funding Ltd. Series 2023-21A, Class A1(b)(c) (3 mo. USD Term SOFR + 2.050%)
	3,600,000		7.377		10/18/36	3,645,734
CIFC Funding Ltd. Series 2018-2A, Class A1(b)(c) (3 mo. USD Term SOFR + 1.302%)
	2,486,323		6.626		04/20/31	2,489,913
CIFC Funding Ltd. Series 2023-3A, Class E(b)(c) (3 mo. USD Term SOFR + 7.650%)
	2,025,000		12.966		01/20/37	2,083,581
CQS U.S. CLO Ltd. Series 2021-1A, Class A(b)(c) (3 mo. USD Term SOFR + 1.482%)
	4,500,000		6.806		01/20/35	4,500,900
Crown City CLO I Series 2020-1A, Class A1AR(b)(c) (3 mo. USD Term SOFR + 1.452%)
	2,500,000		6.776		07/20/34	2,500,500
Crown City CLO V Series 2023-5A, Class A1R(b)(c) (3 mo. USD Term SOFR + 1.600%)
	1,100,000		6.922		04/20/37	1,103,590
Dunedin Park CLO DAC Series 1X, Class AR(c) (3 mo. EUR EURIBOR + 0.980%)
EUR	4,750,000		4.806		11/20/34	5,064,952
Generate CLO 15 Ltd. Series 2024-15A, Class A(b)(c) (3 mo. USD Term SOFR + 1.570%)
$	3,700,000		6.891		07/20/37	3,714,345
HalseyPoint CLO 3 Ltd. Series 2020-3A, Class A1A(b)(c) (3 mo. USD Term SOFR + 1.712%)
	5,775,000		7.041		11/30/32	5,777,356
Halseypoint CLO 6 Ltd. Series 2022-6A, Class D(b)(c) (3 mo. USD Term SOFR + 5.690%)
	1,200,000		11.015		10/20/34	1,214,518
HalseyPoint CLO I Ltd. Series 2019-1A, Class A1A1(b)(c) (3 mo. USD Term SOFR + 1.612%)
	3,500,000		6.936		01/20/33	3,502,013
Invesco CLO Ltd. Series 2021-2A, Class A(b)(c) (3 mo. USD Term SOFR + 1.382%)
	4,300,000		6.710		07/15/34	4,304,966
Jamestown CLO XVI Ltd. Series 2021-16A, Class A(b)(c) (3 mo. USD Term SOFR + 1.462%)
	3,000,000		6.785		07/25/34	3,000,711
LCM 26 Ltd. Series 26A, Class A1(b)(c) (3 mo. USD Term SOFR + 1.332%)
	4,392,313		6.656		01/20/31	4,399,727
Marble Point CLO XVII Ltd. Series 2020-1A, Class A(b)(c) (3 mo. USD Term SOFR + 1.562%)
	6,000,000		6.886		04/20/33	6,005,910
MJX Venture Management II LLC Series 2017-28RR, Class A1(b)(c) (3 mo. USD Term SOFR + 1.542%)
	2,818,018		6.866		07/22/30	2,818,117

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – (continued)
Collateralized Loan Obligations – (continued)
Mountain View CLO XVI Ltd. Series 2022-1A, Class A1R(b)(c) (3 mo. USD Term SOFR + 1.460%)
$	3,700,000		6.789	%	04/15/34	$    3,700,000
Newark BSL CLO 1 Ltd. Series 2016-1A, Class A1R(b)(c) (3 mo. USD Term SOFR + 1.362%)
	1,848,834		6.687		12/21/29	1,851,145
Northwoods Capital XVIII Ltd. Series 2019-18A, Class AR(b)(c) (3 mo. USD Term SOFR + 1.362%)
	10,600,000		6.687		05/20/32	10,597,732
Palmer Square Loan Funding Ltd. Series 2024-3A, Class C(b)(c) (3 mo. USD Term SOFR + 2.950%)
	3,200,000		8.287		08/08/32	3,205,696
Pikes Peak CLO 3 Series 2019-3A, Class ARR(b)(c) (3 mo. USD Term SOFR + 1.462%)
	4,000,000		6.785		10/25/34	4,004,728
RR 29 Ltd. Series 2024-29RA, Class A2R(b)(c) (-1X 3 mo. USD Term SOFR + 1.700%)
	3,000,000		1.000		07/15/39	3,000,000
RRX 3 Ltd. Series 2021-3A, Class A2(b)(c) (3 mo. USD Term SOFR + 2.012%)
	3,000,000		7.340		04/15/34	3,002,988
Sunnova Hestia I Issuer LLC Series 2023-GRID1, Class 1A(b)
	358,525		5.750		12/20/50	360,651
Sycamore Tree CLO Ltd. Series 2023-2A, Class AR(b)(c) (3 mo. USD Term SOFR + 1.680%)
	2,200,000		7.005		01/20/37	2,208,961
TCW CLO Ltd. Series 2022-1A, Class A1(b)(c) (3 mo. USD Term SOFR + 1.340%)
	7,900,000		6.665		04/22/33	7,906,589
TICP CLO XIV Ltd. Series 2019-14A, Class A1R(b)(c) (3 mo. USD Term SOFR + 1.342%)
	8,000,000		6.666		10/20/32	8,003,128
Venture 36 CLO Ltd. Series 2019-36A, Class D(b)(c) (3 mo. USD Term SOFR + 4.412%)
	2,500,000		9.736		04/20/32	2,482,383
Zais CLO 13 Ltd. Series 2019-13A, Class A1A(b)(c) (3 mo. USD Term SOFR + 1.752%)
	2,971,136		7.080		07/15/32	2,976,558
						137,740,437
Credit Card – 1.1%
Barclays Dryrock Issuance Trust Series 2023-1, Class A
	7,300,000		4.720		02/15/29	7,235,022
Barclays Dryrock Issuance Trust Series 2023-2, Class A(c) (1 mo. USD Term SOFR + 0.900%)
	2,425,000		6.233		08/15/28	2,439,195
Discover Card Execution Note Trust Series 2023-A1, Class A
	3,800,000		4.310		03/15/28	3,743,809
						13,418,026
Student Loan(c) – 5.3%
Apidos CLO XV Ltd. Series 2013-15A, Class A1RR(b) (3 mo. USD Term SOFR + 1.272%)
	4,283,212		6.596		04/20/31	4,286,608
Bain Capital Credit CLO Ltd. Series 2023-3A, Class A(b) (3 mo. USD Term SOFR + 1.800%)
	3,600,000		7.123		07/24/36	3,635,273

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – (continued)
Student Loan(c) – (continued)
Balboa Bay Loan Funding Ltd. Series 2023-1A, Class AR(b) (3 mo. USD Term SOFR + 1.420%)
$	5,600,000		6.745	%	04/20/36	$    5,625,816
CIFC Falcon Ltd. Series 2019-FAL, Class A(b) (3 mo. USD Term SOFR + 1.262%)
	4,000,000		6.586		01/20/33	4,000,000
Diameter Capital CLO 4 Ltd. Series 2022-4A, Class A1R(b) (3 mo. USD Term SOFR + 1.830%)
	5,500,000		7.159		01/15/37	5,548,692
Edsouth Indenture No. 5 LLC Series 2014-1, Class A(b) (1 mo. USD Term SOFR + 0.814%)
	152,155		6.150		02/25/39	150,479
Elmwood CLO 27 Ltd. Series 2024-3A, Class A(b) (3 mo. USD Term SOFR + 1.520%)
	4,500,000		6.846		04/18/37	4,513,500
Flatiron CLO 20 Ltd. Series 2020-1A, Class AR(b) (3 mo. USD Term SOFR + 1.380%)
	3,700,000		6.661		05/20/36	3,705,665
Illinois Student Assistance Commission Series 2010-1, Class A3 (3 mo. USD Term SOFR + 1.162%)
	430,177		6.510		07/25/45	430,313
Katayma CLO II Ltd. Series 2024-2A, Class B(b) (3 mo. USD Term SOFR + 2.150%)
	2,500,000		7.438		04/20/37	2,512,075
Marathon Static CLO Ltd. Series 2022-18A, Class A1R2(b) (3 mo. USD Term SOFR + 1.150%)
	3,476,977		6.475		07/20/30	3,477,599
Marble Point CLO XIV Ltd. Series 2018-2A, Class A12R(b) (3 mo. USD Term SOFR + 1.200%)
	6,404,196		6.525		01/20/32	6,406,789
Neuberger Berman Loan Advisers CLO 39 Ltd. Series 2020-39A, Class A1R(b) (3 mo. USD Term SOFR + 1.530%)
	3,500,000		6.853		04/20/38	3,525,659
Ocean Trails CLO XII Ltd. Series 2022-12A, Class A1(b) (3 mo. USD Term SOFR + 1.590%)
	4,700,000		6.915		07/20/35	4,704,230
Palmer Square Loan Funding Ltd. Series 2022-3A, Class A1BR(b) (3 mo. USD Term SOFR + 1.400%)
	5,025,000		6.729		04/15/31	5,029,437
Parallel Ltd. Series 2023-1A, Class A1(b) (3 mo. USD Term SOFR + 2.200%)
	3,000,000		7.525		07/20/36	3,025,614
PHEAA Student Loan Trust Series 2016-1A, Class A(b) (1 mo. USD Term SOFR + 1.264%)
	449,269		6.600		09/25/65	449,888
RRE 2 Loan Management DAC Series 2X, Class A2R (3 mo. EUR EURIBOR + 1.450%)
EUR	3,500,000		5.356		07/15/35	3,741,006
						64,768,643
TOTAL ASSET-BACKED SECURITIES (Cost $247,206,733)						$  247,945,863

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 17.1%
Collateralized Mortgage Obligations – 1.9%
Interest Only(f) – 0.4%
Federal Home Loan Mortgage Corp. REMICS Series 4468, Class SY (-1X 1 mo. USD Term SOFR + 5.986%)
$	323,376		0.653	%(c)	05/15/45	$       30,104
Federal Home Loan Mortgage Corp. REMICS Series 5020, Class IH
	1,478,309		3.000		08/25/50	246,969
Federal Home Loan Mortgage Corp. REMICS Series 4583, Class ST (-1X 1 mo. USD Term SOFR + 5.886%)
	225,507		0.553	(c)	05/15/46	21,398
Federal Home Loan Mortgage Corp. REMICS Series 4314, Class SE (-1X 1 mo. USD Term SOFR + 5.936%)
	195,497		0.603	(c)	03/15/44	16,645
Federal Home Loan Mortgage Corp. REMICS Series 4998, Class GI
	3,495,923		4.000		08/25/50	725,717
Federal National Mortgage Association REMICS Series 2016-1, Class SJ (-1X 1 mo. USD Term SOFR + 6.036%)
	307,027		0.700	(c)	02/25/46	31,067
Federal National Mortgage Association REMICS Series 2017-31, Class SG (-1X 1 mo. USD Term SOFR + 5.986%)
	375,214		0.650	(c)	05/25/47	39,690
Federal National Mortgage Association REMICS Series 2020-49, Class KS (-1X 1 mo. USD Term SOFR + 5.986%)
	2,425,781		0.650	(c)	07/25/50	255,448
Federal National Mortgage Association REMICS Series 2020-62, Class GI
	2,550,765		4.000		06/25/48	514,999
Federal National Mortgage Association REMICS Series 2010- 135, Class AS (-1X 1 mo. USD Term SOFR + 5.836%)
	58,849		0.500	(c)	12/25/40	3,990
Government National Mortgage Association REMICS Series 2014-132, Class SL (-1X 1 mo. USD Term SOFR + 5.986%)
	139,555		0.647	(a)(c)	10/20/43	5,785
Government National Mortgage Association REMICS Series 2017-112, Class SJ (-1X 1 mo. USD Term SOFR + 5.546%)
	133,919		0.207	(a)(c)	07/20/47	10,925
Government National Mortgage Association REMICS Series 2018-122, Class HS (-1X 1 mo. USD Term SOFR + 6.086%)
	302,003		0.747	(a)(c)	09/20/48	31,217
Government National Mortgage Association REMICS Series 2019-1, Class SN (-1X 1 mo. USD Term SOFR + 5.936%)
	295,564		0.597	(a)(c)	01/20/49	27,747
Government National Mortgage Association REMICS Series 2019-78, Class SE (-1X 1 mo. USD Term SOFR + 5.986%)
	135,600		0.647	(a)(c)	06/20/49	12,598
Government National Mortgage Association REMICS Series 2020-78, Class DI
	1,340,014		4.000	(a)	06/20/50	273,790
Government National Mortgage Association REMICS Series 2020-146, Class KI
	3,631,229		2.500	(a)	10/20/50	527,122

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Interest Only(f) – (continued)
Government National Mortgage Association REMICS Series 2013-124, Class CS (-1X 1 mo. USD Term SOFR + 5.936%)
$	212,718		0.597	%(a)(c)	08/20/43	$       19,372
Government National Mortgage Association REMICS Series 2014-162, Class SA (-1X 1 mo. USD Term SOFR + 5.486%)
	79,255		0.147	(a)(c)	11/20/44	5,862
Government National Mortgage Association REMICS Series 2015-123, Class SP (-1X 1 mo. USD Term SOFR + 6.136%)
	137,728		0.797	(a)(c)	09/20/45	14,197
Government National Mortgage Association REMICS Series 2016-27, Class IA
	75,456		4.000	(a)	06/20/45	10,548
Government National Mortgage Association REMICS Series 2018-122, Class SE (-1X 1 mo. USD Term SOFR + 6.086%)
	285,677		0.747	(a)(c)	09/20/48	29,173
Government National Mortgage Association REMICS Series 2019-153, Class EI
	6,780,872		4.000	(a)	12/20/49	1,384,592
Government National Mortgage Association REMICS Series 2020-55, Class AS (-1X 1 mo. USD Term SOFR + 5.936%)
	7,564,072		0.597	(a)(c)	04/20/50	798,787
Government National Mortgage Association REMICS Series 2020-61, Class GI
	1,707,944		5.000	(a)	05/20/50	378,869
						5,416,611
Sequential Fixed Rate – 0.0%
Federal National Mortgage Association REMICS Series 2012-111, Class B
	8,825		7.000		10/25/42	9,277
Federal National Mortgage Association REMICS Series 2012-153, Class B
	30,249		7.000		07/25/42	32,311
						41,588
Sequential Floating Rate(a)(b)(c) – 1.5%
Angel Oak Mortgage Trust Series 2021-6, Class A1
	776,191		1.458		09/25/66	628,571
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2020-DNA5, Class B1 (1 mo. USD Term SOFR + 4.800%)
	3,231,000		10.135		10/25/50	3,697,803
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA1, Class M2 (1 mo. USD Term SOFR + 1.800%)
	159,457		7.135		01/25/51	161,529
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-HQA2, Class M2 (1 mo. USD Term SOFR + 2.050%)
	1,100,416		7.385		12/25/33	1,125,060

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(a)(b)(c) – (continued)
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA6, Class B1 (1 mo. USD Term SOFR + 3.400%)
$	2,046,000		8.735	%	10/25/41	$    2,119,848
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA3, Class M1A (1 mo. USD Term SOFR + 2.000%)
	1,457,319		7.335		04/25/42	1,476,605
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA1, Class M1A (1 mo. USD Term SOFR + 1.000%)
	1,384,600		6.335		01/25/42	1,385,285
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R01, Class 1B1 (1 mo. USD Term SOFR + 3.100%)
	2,311,000		8.435		10/25/41	2,376,346
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03, Class 2M2 (1 mo. USD Term SOFR + 3.900%)
	298,099		9.235		04/25/43	319,320
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R05, Class 1M2 (1 mo. USD Term SOFR + 3.100%)
	560,000		8.435		06/25/43	591,672
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R04, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	950,000		6.974		05/25/44	952,095
JP Morgan Mortgage Trust Series 2021-LTV2, Class A1
	4,201,420		2.520		05/25/52	3,410,850
New Residential Mortgage Loan Trust Series 2015-1A, Class A1
	73,908		3.750		05/28/52	68,851
						18,313,835
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$   23,772,034
Commercial Mortgage-Backed Securities – 5.1%
Sequential Fixed Rate – 2.2%
Bank Series 2023-BNK46, Class A4
$	4,100,000		5.745	%(a)	08/15/56	$    4,207,434
Bank5 Series 2023-5YR4, Class A3
	1,298,420		6.500	(a)	12/15/56	1,346,684
Bank5 Series 2024-5YR7, Class A3
	2,350,000		5.769	(a)	06/15/57	2,388,541
BBCMS Mortgage Trust Series 2023-C19, Class A5
	2,900,000		5.451	(a)	04/15/56	2,924,915
BBCMS Mortgage Trust Series 2023-C19, Class ASB
	800,000		5.700	(a)	04/15/56	826,171
BMO Mortgage Trust Series 2022-C3, Class A5
	575,000		5.313	(a)	09/15/54	572,522
BMO Mortgage Trust Series 2023-C7, Class A5
	5,000,000		6.160	(a)	12/15/56	5,281,747
BX Trust Series 2022-CLS, Class A
	3,900,000		5.760	(b)	10/13/27	3,857,255
Citigroup Commercial Mortgage Trust Series 2017-P8, Class D
	1,500,000		3.000	(a)(b)	09/15/50	1,073,189

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Fixed Rate – (continued)
Citigroup Commercial Mortgage Trust Series 2019-C7, Class A4
$	740,000		3.102	%(a)	12/15/72	$      661,331
MSWF Commercial Mortgage Trust Series 2023-2, Class A2
	3,150,000		6.890	(a)	12/15/56	3,313,996
Wells Fargo Commercial Mortgage Trust Series 2017-RC1, Class D
	900,000		3.250	(a)(b)	01/15/60	668,942
						27,122,727
Sequential Floating Rate(c) – 2.9%
Bank5 Series 2023-5YR1, Class A3
	3,610,000		6.260	(a)	04/15/56	3,708,329
Bank5 Series 2023-5YR4, Class AS
	821,000		7.274	(a)	12/15/56	865,656
BBCMS Mortgage Trust Series 2018-TALL, Class A (1 mo. USD Term SOFR + 0.919%)
	1,225,000		6.248	(b)	03/15/37	1,158,404
BBCMS Mortgage Trust Series 2023-C22, Class A5
	2,850,000		6.804	(a)	11/15/56	3,154,825
BBCMS Mortgage Trust Series 2023-5C23, Class AS
	1,450,000		7.703	(a)	12/15/56	1,549,157
BBCMS Mortgage Trust Series 2018-TALL, Class B (1 mo. USD Term SOFR + 1.168%)
	1,150,000		6.497	(b)	03/15/37	1,053,821
BX Commercial Mortgage Trust Series 2023-VLT3, Class A (1 mo. USD Term SOFR + 1.940%)
	2,675,000		7.269	(b)	11/15/28	2,654,962
BX Commercial Mortgage Trust Series 2024-XL4, Class A (1 mo. USD Term SOFR + 1.442%)
	4,530,802		6.771	(b)	02/15/39	4,515,850
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	2,061,813		6.721	(b)	03/15/41	2,052,215
BX Trust Series 2024-BRVE, Class A (1 mo. USD Term SOFR + 1.841%)
	3,500,000		7.170	(b)	04/15/26	3,490,357
Citigroup Commercial Mortgage Trust Series 2015-P1, Class C
	1,949,000		4.514	(a)	09/15/48	1,828,626
Commercial Mortgage Trust Series 2024-WCL1, Class A (1 mo. USD Term SOFR + 1.841%)
	3,750,000		7.141	(b)	06/15/41	3,732,016
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class A
	3,150,000		5.308	(b)	07/15/35	3,100,025
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class B
	1,950,000		5.743	(b)	07/15/35	1,920,493
						34,784,736
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$   61,907,463
Federal Agencies – 10.1%
Government National Mortgage Association – 6.5%
$	1,155,915		4.500	%	08/20/47	$    1,117,841
	182,844		5.000		03/20/48	181,567
	1,783,775		4.000		05/20/48	1,667,348
	634,987		4.500		06/20/48	611,889

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Government National Mortgage Association – (continued)
$	644,128		4.500	%		07/20/48		$      620,697
	987,703		4.500			09/20/48		951,157
	685,260		4.500			10/20/48		659,262
	852,277		4.500			12/20/48		819,943
	2,092,151		4.500			01/20/49		2,010,163
	646,211		4.500			02/20/49		620,887
	867,151		4.500			03/20/49		833,168
	457,777		4.500			10/20/49		440,839
	850,722		5.000			12/20/49		840,562
	51,590		5.000			02/20/50		51,132
	4,598,699		3.000			11/20/51		3,970,574
	3,000,000		2.500			TBA-30yr	(g)	2,522,968
	14,000,000		5.000			TBA-30yr	(g)	13,630,998
	33,000,000		6.000			TBA-30yr	(g)	33,141,804
	6,000,000		6.500			TBA-30yr	(g)	6,083,317
	8,000,000		7.000			TBA-30yr	(g)	8,144,564
								78,920,680
Uniform Mortgage-Backed Security – 3.6%
	1,082		5.000			03/01/25		1,075
	2,272		5.000			11/01/26		2,255
	3,747		5.000			07/01/27		3,714
	65,205		4.500			07/01/47		62,531
	43,870		4.500			03/01/50		41,865
	8,627,651		6.000			11/01/52		8,797,005
	1,836,207		5.500			12/01/52		1,828,518
	5,155,829		6.000			12/01/52		5,234,301
	3,514,281		6.000			01/01/53		3,558,776
	918,626		5.500			04/01/53		914,205
	2,723,393		6.000			04/01/53		2,766,283
	2,802,623		6.500			09/01/53		2,870,516
	6,583,290		6.500			11/01/53		6,781,858
	2,891,318		6.500			12/01/53		2,984,852
	8,000,000		7.000			TBA-30yr	(g)	8,225,058
								44,072,812
TOTAL FEDERAL AGENCIES								$  122,993,492
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $209,471,127)								$  208,672,989
Sovereign Debt Obligations – 1.6%
Euro(b) – 0.0%
Indonesia Government International Bonds
EUR	250,000		2.150	%		07/18/24		$      266,966
United States Dollar – 1.6%
Indonesia Government International Bonds(a)
$	6,030,000		4.550			01/11/28		5,892,181
Korea Hydro & Nuclear Power Co. Ltd.(b)
	3,950,000		4.250			07/27/27		3,841,375
Panama Government International Bonds(a)
	2,010,000		3.750			03/16/25		1,977,337
Peru Government International Bonds(a)
	2,120,000		2.392			01/23/26		2,020,625

Principal Amount		Interest Rate			Maturity Date	Value
Sovereign Debt Obligations – (continued)
United States Dollar – (continued)
Qatar Government International Bonds(b)
$	690,000		3.400	%	04/16/25	$      678,788
Republic of Poland Government International Bonds(a)
	2,600,000		4.625		03/18/29	2,575,872
Romania Government International Bonds(b)
	1,500,000		3.000		02/27/27	1,395,000
Saudi Government International Bonds(b)
	800,000		2.900		10/22/25	774,500
						19,155,678
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $19,861,648)						$   19,422,644
Shares		Description				Value
Common Stocks – 0.0%
Real Estate Management & Development – 0.0%
	29,899		Sunac China Holdings Ltd.			$        4,394
	22,377		Sunac Services Holdings Ltd.(b)			5,175
						9,569
TOTAL COMMON STOCKS (Cost $86,538)						$        9,569
Principal Amount		Interest Rate			Maturity Date	Value
U.S. Treasury Obligations – 3.8%
U.S. Treasury Notes
$	8,770,000		4.250	%	12/31/24	$    8,722,724
	20,210,000		1.250	(h)	11/30/26	18,665,830
	20,970,000		1.250		03/31/28	18,673,130
	850,000		2.875	(h)	08/15/28	800,793
TOTAL U.S. TREASURY OBLIGATIONS (Cost $46,988,493)						$   46,862,477
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS – 100.6% (Cost $1,247,834,759)						$1,228,395,724
Short-term Investments – 1.8%
Certificates of Deposit(c) – 0.3%
Barclays Bank PLC (Secured Overnight Financing Rate + 0.380%)
$	3,110,000		5.720	%	02/21/25	$    3,112,385
Commercial Paper(b)(i) – 1.5%
Dollarama, Inc.
	4,705,000		0.000		07/08/24	4,697,748
Enel Finance America LLC
	2,500,000		0.000		09/27/24	2,464,860
General Motors Financial Co., Inc.
	1,903,000		0.000		02/03/25	1,837,980

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments – (continued)
Commercial Paper(b)(i) – (continued)
Nutrien Ltd.
$	3,800,000		0.000	%	07/29/24	$    3,781,772
VW Credit, Inc.
	5,805,000		0.000		07/18/24	5,787,252
						18,569,612
TOTAL SHORT-TERM INVESTMENTS (Cost $21,690,784)						$   21,681,997
TOTAL INVESTMENTS – 102.4% (Cost $1,269,525,543)						$1,250,077,721
LIABILITIES IN EXCESS OF  OTHER ASSETS – (2.4)%						(29,388,357)
NET ASSETS – 100.0%						$1,220,689,364

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

(a)	Security with “Call” features with resetting interest rates. Maturity dates disclosed are the final maturity dates.
(b)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(c)	Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on June 30, 2024.
(d)	Pay-in-kind securities.
(e)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(f)	Security with a notional or nominal principal amount. The actual effective yield of this security is different than the stated interest rate.
(g)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned. Total market value of TBA securities (excluding forward sales contracts, if any) amounts to $71,748,709 which represents approximately 5.9% of net assets as of June 30, 2024.
(h)	All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.
(i)	Issued with a zero coupon. Income is recognized through the accretion of discount.

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS — At June 30, 2024, the Fund had the following forward foreign currency exchange contracts:

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN

Counterparty	Currency Purchased		Currency Sold			Settlement Date		Unrealized Gain
MS & Co. Int. PLC	AUD	11,711,153		USD	7,779,229		09/18/24	$	49,363
	CAD	1,549,959		EUR	1,041,000		09/18/24		15,964
	CHF	659,147		EUR	685,000		09/18/24		4,307
	EUR	3,237,229		CHF	3,051,645		09/18/24		50,901
	INR	52,545,186		USD	629,434		07/22/24		359
	USD	2,733,091		AUD	4,070,371		09/18/24		12,158
	USD	6,296,235		CHF	5,579,523		09/18/24		26,137
	USD	2,425,637		CNH	17,506,793		09/19/24		12,683
	USD	9,402,150		EUR	8,693,837		07/30/24		77,894
	USD	1,136,269		EUR	1,053,000		09/18/24		4,220
	USD	1,526,153		GBP	1,200,012		09/18/24		8,327
	USD	2,372,891		NZD	3,869,332		09/18/24		16,109
	USD	600,516		PLN	2,417,377		09/18/24		596
	USD	4,032,617		SEK	41,882,542		09/18/24		64,914
	ZAR	5,465,688		USD	297,611		09/18/24		993
TOTAL								$	344,925

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS

Counterparty	Currency Purchased		Currency Sold			Settlement Date		Unrealized Loss
MS & Co. Int. PLC	CAD	1,357,057		USD	993,851		09/18/24	$	(11	)
	CHF	7,827,910		EUR	8,233,693		09/18/24		(55,027	)
	CHF	659,810		USD	744,000		09/18/24		(2,526	)
	CLP	85,535,937		USD	90,891		09/23/24		(47	)
	EUR	551,000		PLN	2,401,451		09/18/24		(3,604	)
	EUR	2,932,653		USD	3,177,943		09/18/24		(25,136	)
	GBP	848,061		USD	1,082,016		09/18/24		(9,352	)
	JPY	654,991,326		USD	4,226,793		09/18/24		(106,002	)
	NOK	18,750,601		USD	1,762,773		09/18/24		(3,141	)
	NZD	1,219,824		AUD	1,130,000		09/18/24		(12,390	)
	PLN	2,919,269		USD	729,933		09/18/24		(5,459	)
	SGD	1,829,995		USD	1,357,746		09/18/24		(3,118	)
	USD	4,195,767		CAD	5,747,722		09/18/24		(13,574	)
	USD	1,498,100		EUR	1,395,000		09/18/24		(1,622	)
	USD	2,150,717		INR	180,207,743		09/18/24		(5,188	)
	USD	1,004,915		MXN	19,021,024		09/18/24		(21,970	)
	USD	1,530,979		ZAR	28,284,579		09/18/24		(14,280	)
TOTAL								$	(282,447	)

FORWARD SALES CONTRACTS — At June 30, 2024, the Fund had the following forward sales contracts:

Description	Interest Rate			Maturity Date(a)	Settlement Date		Principal Amount		Value
Government National Mortgage Association		3.000	%	TBA - 30yr		08/15/24	$	(2,000,000)	$	(1,744,754)
Government National Mortgage Association		3.000		TBA - 30yr		07/15/24		(2,000,000)		(1,743,973)
Government National Mortgage Association		4.000		TBA - 30yr		07/15/24		(1,000,000)		(924,136)
Government National Mortgage Association		4.500		TBA - 30yr		07/15/24		(9,000,000)		(8,555,138)
Uniform Mortgage-Backed Security		5.500		TBA - 30yr		07/15/24		(2,000,000)		(1,972,578)
Uniform Mortgage-Backed Security		6.000		TBA - 30yr		07/15/24		(20,000,000)		(20,056,262)
Uniform Mortgage-Backed Security		6.500		TBA - 30yr		07/15/24		(12,000,000)		(12,212,806)
(PROCEEDS RECEIVED: $(47,400,156))									$	(47,209,647)

(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned.

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FUTURES CONTRACTS — At June 30, 2024, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date	Notional Amount			Unrealized Appreciation/ (Depreciation)
Long position contracts:
10 Year U.K. Long Gilt	1	09/26/24	$	123,338		$	314
2 Year U.S. Treasury Notes	2,178	09/30/24		444,788,438			762,572
30 Year German Euro-Buxl	4	09/06/24		557,922			6,677
5 Year German Euro-Bund	4	09/06/24		563,834			5,520
5 Year U.S. Treasury Notes	462	09/30/24		49,239,094			189,141
French Government Bonds	3	09/06/24		395,566			(5,006	)
Ultra Long U.S. Treasury Bonds	16	09/19/24		2,005,500			(48,839	)
Total						$	910,379
Short position contracts:
10 Year U.S. Treasury Notes	(23)	09/19/24		(2,529,641	)		7,176
20 Year U.S. Treasury Bonds	(115)	09/19/24		(13,605,937	)		(96,939	)
Ultra 10-Year U.S. Treasury Note	(109)	09/19/24		(12,374,906	)		(134,176	)
Total						$	(223,939	)
TOTAL FUTURES CONTRACTS						$	686,440

SWAP CONTRACTS — At June 30, 2024, the Fund had the following swap contracts:

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS

Payments Made by the Fund	Payments Received by Fund	Termination Date		Notional Amount (000s)(a)		Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
12M EURO(b)	2.250%(b)		02/17/26	EUR	39,160	$	(242,958	)	$	(101,062	)	$	(141,896	)
3.750%(b)	12M SOFR(b)		02/18/26	$	33,730		197,094			131,631			65,463
4.223(b)	12M SOFR(b)		04/11/26		13,810		4,008			(70	)		4,078
4.426(b)	12M SOFR(b)		04/16/26		18,640		(31,574	)		7,258			(38,832	)
2.980(b)	6M EURO(c)		04/24/26	EUR	36,200		(5,997	)		(131,800	)		125,803
4.172(b)	12M SOFR(b)		05/20/26	$	11,300		622			778			(156	)
12M SOFR(d)	4.730(d)		06/30/26		57,090		239,995			21,620			218,375
1.250(d)	12M CHFOR(d)		09/18/26	CHF	36,150		(322,354	)		(208,659	)		(113,695	)
2.250(d)	12M EURO(d)		09/18/26	EUR	13,170		170,596			126,323			44,273
3.750(d)	12M SOFR(d)		09/18/26	$	60,310		739,190			702,155			37,035
3M STIBOR(e)	3.000(d)		09/18/26	SEK	717,410		305,734			(13,312	)		319,046
12M CDOR(c)	3.500(c)		09/18/26	CAD	83,680		(340,121	)		(325,148	)		(14,973	)
4.000(e)	3M AUDOR(e)		09/18/26	AUD	208,690		854,903			(313,349	)		1,168,252
12M GBP(d)	4.000(d)		09/18/26	GBP	64,730		(550,184	)		(564,637	)		14,453
6M NIBOR(c)	4.250(d)		09/18/26	NOK	728,950		(85,860	)		110,556			(196,416	)
4.250(d)	12M SOFR(d)		09/26/26	$	8,580		21,994			9,839			12,155
4.000(e)	6M AUDOR(e)		09/26/26	AUD	11,160		45,006			14,130			30,876
3.000(d)	6M EURO(c)		09/26/26	EUR	6,930		10,026			1			10,025
4.250(d)	6M GBP(d)		09/26/26	GBP	6,300		14,436			(413	)		14,849
12M SOFR(d)	3.350(d)		10/06/27	$	97,990		(890,837	)		(399,440	)		(491,397	)
12M SOFR(d)	3.804(d)		04/13/28		29,530		34,152			8,015			26,137
6M EURO(c)	2.500(d)		05/14/28	EUR	40,350		(123,766	)		(60,148	)		(63,618	)
12M SOFR(d)	3.696(d)		09/22/28	$	70,430		10,417			(180,741	)		191,158
4.301(d)	12M SOFR(d)		11/30/28		111,510		(1,064,017	)		(29,483	)		(1,034,534	)
2.250(d)	12M EURO(d)		09/18/29	EUR	19,230		369,844			357,158			12,686
0.500(d)	12M JYOR(d)		09/18/29	JPY	18,048,900		1,274,989			1,177,686			97,303
3M STIBOR(e)	2.750(d)		09/18/29	SEK	94,910		93,538			90,351			3,187
12M CDOR(c)	3.000(c)		09/18/29	CAD	5,770		(66,840	)		(70,783	)		3,943
12M GBP(d)	3.750(d)		09/18/29	GBP	8,970		(77,275	)		(76,358	)		(917	)
6M NIBOR(c)	4.000(d)		09/18/29	NOK	166,360		70,468			150,834			(80,366	)
3M NZDOR(e)	4.500(c)		09/18/29	NZD	17,340		51,491			3,912			47,579

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS (continued)

Payments Made by the Fund	Payments Received by Fund	Termination Date		Notional Amount (000s)(a)		Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
12M SOFR(d)	4.024%(d)		04/16/30	$	32,310	$	275,630		$	(139,477	)	$	415,107
6M EURO(c)	2.710(d)		04/24/30	EUR	27,790		(13,426	)		(61,764	)		48,338
2.680%(d)	12M SOFR(d)		07/28/32	$	20,480		855,822			13,394			842,428
6M EURO(c)	3.000(d)		11/10/33	EUR	13,130		140,856			105,647			35,209
12M EURO(d)	2.370(d)		01/19/34		27,100		(445,096	)		(24,587	)		(420,509	)
2.535(d)	6M EURO(c)		01/19/34		27,100		375,079			27,197			347,882
12M SOFR(d)	3.789(d)		05/21/34	$	18,900		(14,963	)		6,961			(21,924	)
12M CHFOR(d)	1.250(d)		09/18/34	CHF	1,340		38,638			15,264			23,374
3.500(d)	12M GBP(d)		09/18/34	GBP	710		24,873			24,214			659
3.750(d)	12M NIBOR(c)		09/18/34	NOK	28,810		2,956			(16,563	)		19,519
3.750(d)	12M SOFR(d)		09/18/34	$	1,770		23,700			17,024			6,676
6M EURO(c)	2.500(d)		09/18/34	EUR	13,560		(390,254	)		(308,197	)		(82,057	)
3M STIBOR(e)	2.750(d)		09/18/34	SEK	14,040		20,241			20,460			(219	)
12M CDOR(c)	3.250(c)		09/18/34	CAD	3,310		(30,800	)		(37,032	)		6,232
6M AUDOR(c)	4.500(c)		09/18/34	AUD	120		(317	)		(60	)		(257	)
3M NZDOR(e)	4.750(c)		09/18/34	NZD	740		9,884			4,931			4,953
3.992(d)	12M SOFR(d)		04/16/35	$	17,830		(218,872	)		99,403			(318,275	)
2.740(d)	6M EURO(c)		04/24/35	EUR	14,830		42,563			(66,880	)		109,443
3.240(d)	12M SOFR(d)		10/06/35	$	22,350		991,618			60,836			930,782
3.781(d)	12M SOFR(d)		09/22/36		15,880		24,759			258,771			(234,012	)
12M SOFR(d)	2.910(d)		07/28/37		51,150		(1,729,949	)		(393,355	)		(1,336,594	)
6M EURO(c)	2.152(d)		08/09/37	EUR	13,120		(396,756	)		(1,438,733	)		1,041,977
12M SOFR(d)	3.391(d)		05/10/38	$	7,670		(139,807	)		(197,205	)		57,398
6M EURO(c)	3.000(d)		01/25/39	EUR	14,830		44,697			40,982			3,715
1.451(d)	6M EURO(c)		08/10/42		33,220		1,413,356			(2,791,621	)		4,204,977
2.500(d)	6M EURO(c)		01/25/44		35,460		21,134			(9,887	)		31,021
2.080(d)	12M SOFR(d)		07/28/47	$	51,020		1,588,728			495,589			1,093,139
6M EURO(c)	1.051(d)		08/11/47	EUR	19,400		(640,693	)		(1,797,735	)		1,157,042
6M EURO(c)	2.000(d)		01/25/49		21,120		(11,662	)		(18,694	)		7,032
2.564(d)	12M SOFR(d)		05/11/53	$	7,420		191,058			(12,284	)		203,342
2.000(d)	6M EURO(c)		05/17/53	EUR	8,740		140,528			41,899			98,629
2.500(d)	6M EURO(c)		11/10/53		7,090		(230,662	)		(318,926	)		88,264
3.380(d)	12M SOFR(d)		04/11/54	$	8,150		2,762			(4,787	)		7,549
3.343(d)	12M SOFR(d)		05/20/54		10,830		23,241			10,411			12,830
2.500(d)	6M EURO(c)		09/18/54	EUR	6,460		37,588			(2,316	)		39,904
TOTAL						$	2,733,174		$	(5,960,276	)	$	8,693,450

(a) Represents forward starting interest rate swaps whose effective dates of commencement of accruals and cash flows occur subsequent to June 30, 2024.

(b) Payments made at maturity.

(c) Payments made semi-annually.

(d) Payments made annually.

(e) Payments made quarterly.

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER-THE-COUNTER CREDIT DEFAULT SWAP CONTRACTS

Reference Obligation/Index	Financing Rate Received/(Paid) by the Fund(a)		Credit Spread at June 30, 2024(b)		Counterparty		Termination Date		Notional Amount (000s)		Value			Upfront Premiums (Received) Paid			Unrealized Appreciation/ (Depreciation)
Protection Sold:
CMBX.NA.BBB.17		3.000%		5.375%		MS & Co. Int. PLC		12/15/56	$	3,100	$	(431,937	)	$	(428,975	)	$	(2,962	)

(a) Payments made monthly.

(b) Credit spread on the referenced obligation, together with the term of the swap contract, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its counterparty to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and the term of the swap contract increase.

CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS

Referenced Obligation/Index	Financing Rate Received/(Paid) by the Fund(a)		Credit Spread at June 30, 2024(b)		Termination Date		Notional Amount (000s)		Value		Upfront Premiums (Received) Paid		Unrealized Appreciation/ (Depreciation)
Protection Sold:
AT&T, Inc., 3.800%, 02/15/27		1.000%		0.398%		06/20/26	$	3,475	$	40,624	$	25,396	$	15,228
AT&T, Inc., 3.800%, 02/15/27		1.000		0.353		12/20/25		10,000		95,651		31,579		64,072
CDX.NA.IG Index 40		1.000		0.422		06/20/28		19,049		405,860		245,494		160,366
CDX.NA.IG Index 42		1.000		0.538		06/20/29		89,075		1,846,570		1,818,765		27,805
General Electric Co. 6.750%, 03/15/32		1.000		0.103		06/20/26		5,225		90,647		28,042		62,605
TOTAL									$	2,479,352	$	2,149,276	$	330,076

(a) Payments made quarterly.

(b) Credit spread on the referenced obligation, together with the term of the swap contract, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its counterparty to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and the term of the swap contract increase.

PURCHASED AND WRITTEN OPTIONS CONTRACTS — At June 30, 2024, the Fund had the following purchased and written options:

OVER-THE-COUNTER INTEREST RATE SWAPTIONS

Description	Counterparty	Exercise Rate			Expiration Date		Number of Contracts		Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)
Purchased option contracts
Calls
1Y IRS	BofA Securities LLC		2.500	%		05/29/2025		31,420,000	$	31,420,000		$	57,106		$	42,696		$	14,410
1Y IRS	BofA Securities LLC		2.375			11/28/2025		31,850,000		31,850,000			88,866			71,148			17,718
1Y IRS	Citibank NA		2.500			05/09/2025		31,790,000		31,790,000			51,671			64,108			(12,437	)
Total purchased option contracts								95,060,000	$	95,060,000		$	197,643		$	177,952		$	19,691
Written option contracts
Calls
1Y IRS	BofA Securities LLC		2.333			05/29/2025		(3,500,000)		(3,500,000	)		(47,800	)		(45,388	)		(2,412	)
1Y IRS	BofA Securities LLC		2.398			11/28/2025		(3,550,000)		(3,550,000	)		(78,350	)		(74,788	)		(3,562	)
1Y IRS	Citibank NA		2.355			05/09/2025		(3,540,000)		(3,540,000	)		(47,432	)		(64,125	)		16,693
Total written option contracts								(10,590,000)	$	(10,590,000	)	$	(173,582	)	$	(184,301	)	$	10,719
TOTAL								84,470,000	$	84,470,000		$	24,061		$	(6,349	)	$	30,410

GOLDMAN SACHS SHORT DURATION BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

Currency Abbreviations:
AUD	— Australian Dollar
CAD	— Canadian Dollar
CHF	— Swiss Franc
CLP	— Chilean Peso
CNH	— Chinese Yuan Renminbi Offshore
EUR	— Euro
GBP	— British Pound
INR	— Indian Rupee
JPY	— Japanese Yen
MXN	— Mexican Peso
NOK	— Norwegian Krone
NZD	— New Zealand Dollar
PLN	— Polish Zloty
SEK	— Swedish Krona
SGD	— Singapore Dollar
USD	— U.S. Dollar
ZAR	— South African Rand
Investment Abbreviations:
CLO	— Collateralized Loan Obligation
CMT	— Constant Maturity Treasury Indexes
EURIBOR	— Euro Interbank Offered Rate
LIBOR	— London Interbank Offered Rate
LLC	— Limited Liability Company
LP	— Limited Partnership
PIK	— Payment in kind
PLC	— Public Limited Company
REMICS	— Real Estate Mortgage Investment Conduits
SOFR	— Secured Overnight Financing Rate
STACR	— Structured Agency Credit Risk
Abbreviations:
1Y IRS	— 1 Year Interest Rate Swaptions
AUDOR	— Australian Dollar Offered Rate
BofA Securities LLC	— Bank of America Securities LLC
CDOR	— Canadian Dollar Offered Rate
CDX.NA.IG Ind 40	— CDX North America Investment Grade Index 40
CDX.NA.IG Ind 42	— CDX North America Investment Grade Index 42
CHFOR	— Swiss Franc Offered Rate
EURO	— Euro Offered Rate
JYOR	— Japanese Yen Offered Rate
MS & Co. Int. PLC	— Morgan Stanley & Co. International PLC
NIBOR	— Norwegian Interbank Offered Rate
NZDOR	— New Zealand Dollar Offered Rate
SOFR	— Secured Overnight Financing Rate
STIBOR	— Stockholm Interbank Offered Rate

GOLDMAN SACHS SHORT DURATION GOVERNMENT FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 51.7%
Collateralized Mortgage Obligations – 0.2%
Sequential Fixed Rate – 0.2%
Federal Home Loan Mortgage Corp. REMICS Series 1980, Class Z
$	49,780		7.000	%(a)	07/15/27	$      50,516
Federal Home Loan Mortgage Corp. REMICS Series 2019, Class Z
	48,591		6.500	(a)	12/15/27	49,191
Federal Home Loan Mortgage Corp. REMICS Series 4246, Class PT
	36,980		6.500		02/15/36	38,178
Federal Home Loan Mortgage Corp. REMICS Series 2755, Class ZA
	212,064		5.000		02/15/34	210,908
Federal National Mortgage Association REMICS Series 2012- 111, Class B
	134,577		7.000		10/25/42	141,476
Federal National Mortgage Association REMICS Series 2012- 153, Class B
	487,015		7.000		07/25/42	520,210
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$    1,010,479
Federal Agencies – 51.5%
Adjustable Rate Federal Home Loan Mortgage Corp.(b) – 0.2%
(RFUCC 1 yr. Treasury + 1.840%)
$	76,931		6.674	%	11/01/34	$       78,316
(1 yr. CMT + 2.250%)
	233,440		6.587		06/01/35	235,397
(RFUCC 1 yr. Treasury + 2.330%)
	24,471		7.515		05/01/36	25,132
(RFUCC 6 mo. Treasury + 2.057%)
	11,435		7.557		10/01/36	11,648
(RFUCC 1 yr. Treasury + 1.783%)
	73,033		6.499		06/01/42	74,568
(RFUCC 1 yr. Treasury + 1.638%)
	556,943		5.963		11/01/44	569,473
						994,534
Adjustable Rate Federal National Mortgage Association – 0.5%
(11th District Cost of Funds - Consumer + 1.695%)(b)
	2,912		4.859		08/01/29	2,886
(RFUCC 1 yr. Treasury + 1.755%)(b)
	20,703		6.005		07/01/32	21,153
(RFUCC 1 yr. Treasury + 1.800%)(b)
	197,302		7.382		05/01/33	201,178
(RFUCC 6 mo. Treasury + 2.250%)(b)
	30,862		6.625		08/01/33	31,528
(11th District Cost of Funds - Consumer + 1.254%)(b)
	216,453		4.589		08/01/33	216,156
(1 yr. CMT + 2.286%)(b)
	90,957		6.426		02/01/34	91,926
(RFUCC 1 yr. Treasury + 1.695%)(b)
	4,576		7.445		05/01/34	4,667
(RFUCC 1 yr. Treasury + 1.720%)(b)
	184,646		6.691		05/01/34	187,731
	15,626		6.220		03/01/35	15,915
	18,452		7.095		04/01/35	18,808

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Adjustable Rate Federal National Mortgage Association – (continued)
(1 yr. CMT + 2.220%)(b)
$	125,444		5.970	%	06/01/34	$     127,000
(RFUCC 1 yr. Treasury + 1.685%)(b)
	31,227		5.935		10/01/34	31,929
(RFUCC 1 yr. Treasury + 1.627%)(b)
	62,032		5.877		10/01/34	63,265
(RFUCC 1 yr. Treasury + 1.596%)(b)
	65,588		6.317		03/01/35	66,567
(RFUCC 1 yr. Treasury + 1.325%)(b)
	77,737		6.075		04/01/35	78,352
(RFUCC 1 yr. Treasury + 1.423%)(b)
	56,350		6.230		05/01/35	56,993
(1 yr. CMT + 2.095%)(b)
	46,430		6.143		10/01/35	46,991
(RFUCC 1 yr. Treasury + 1.733%)(b)
	156,854		6.255		03/01/36	159,931
(RFUCC 1 yr. Treasury + 1.950%)(b)
	352,328		6.950		04/01/36	361,020
(RFUCC 1 yr. Treasury + 1.985%)(b)
	84,319		6.235		06/01/36	86,743
(1 yr. MTA + 2.195%)(b)
	253,888		7.307		07/01/36	258,564
	54,024		6.185		11/01/36	55,493
(RFUCC 1 yr. Treasury + 1.712%)(b)
	264,256		6.671		07/01/37	269,752
						2,454,548
Adjustable Rate Government National Mortgage Association – 0.2%
(1 yr. CMT + 1.500%)(b)
	41,911		3.875		05/20/34	41,733
	116,373		3.625		07/20/34	114,861
	114,300		3.625		08/20/34	112,793
	690,573		3.625		09/20/34	681,487
	101,545		3.750		10/20/34	99,866
	110,374		3.750		12/20/34	108,564
						1,159,304
Federal Home Loan Mortgage Corp. – 0.5%
	3,387		7.500		01/01/31	3,548
	11,140		4.500		07/01/33	10,873
	304,182		4.500		08/01/33	296,911
	609,533		4.500		09/01/33	594,957
	53,781		4.500		10/01/33	52,494
	1,692		4.500		04/01/34	1,652
	1,334		4.500		04/01/35	1,302
	1,067		4.500		07/01/35	1,041
	2,365		4.500		08/01/35	2,308
	10,701		4.500		09/01/35	10,444
	3,203		4.500		10/01/35	3,128
	561		4.500		12/01/35	548
	441		4.500		05/01/36	431
	39,610		4.500		01/01/38	38,659
	565		4.500		04/01/38	549
	304		4.500		05/01/38	296
	2,551		4.500		06/01/38	2,491
	65,413		4.500		09/01/38	63,659
	1,378		4.500		01/01/39	1,341

GOLDMAN SACHS SHORT DURATION GOVERNMENT FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Federal Home Loan Mortgage Corp. – (continued)
$	33,630		4.500	%	02/01/39	$      32,724
	18,157		4.500		03/01/39	17,669
	3,608		4.500		04/01/39	3,511
	93,106		4.500		05/01/39	90,602
	294,425		4.500		06/01/39	286,501
	11,127		4.500		07/01/39	10,827
	13,265		4.500		08/01/39	12,908
	18,083		4.500		09/01/39	17,596
	3,381		4.500		10/01/39	3,290
	6,193		4.500		11/01/39	6,026
	7,141		4.500		12/01/39	6,949
	11,469		4.500		01/01/40	11,161
	2,924		4.500		02/01/40	2,844
	8,483		4.500		04/01/40	8,251
	12,719		4.500		05/01/40	12,368
	16,470		4.500		06/01/40	16,017
	11,306		4.500		07/01/40	10,995
	11,323		4.500		08/01/40	11,013
	7,201		4.500		09/01/40	7,002
	3,182		4.500		10/01/40	3,094
	3,924		4.500		02/01/41	3,813
	11,598		4.500		03/01/41	11,267
	22,325		4.500		04/01/41	21,688
	23,341		4.500		05/01/41	22,675
	40,890		4.500		06/01/41	39,723
	3,987		4.500		07/01/41	3,873
	116,929		4.500		08/01/41	113,595
	123,042		4.500		09/01/41	119,650
	7,621		4.500		12/01/41	7,403
	101,353		4.500		03/01/42	98,461
						2,100,128
Federal National Mortgage Association – 0.0%
	79,931		7.500		10/01/37	83,798
Government National Mortgage Association – 21.7%
	906		6.500		01/15/32	921
	2,802		6.500		02/15/32	2,864
	2,223		6.500		08/15/34	2,300
	7,864		6.500		05/15/35	8,091
	2,058		6.500		06/15/35	2,110
	6,138		6.500		07/15/35	6,317
	2,312		6.500		08/15/35	2,380
	4,518		6.500		09/15/35	4,660
	7,870		6.500		11/15/35	8,119
	2,674		6.500		12/15/35	2,749
	13,843		6.500		01/15/36	14,245
	15,552		6.500		02/15/36	16,043
	8,843		6.500		03/15/36	9,100
	28,122		6.500		04/15/36	29,063
	37,886		6.500		05/15/36	39,067
	30,036		6.500		06/15/36	30,926
	103,034		6.500		07/15/36	106,933
	106,069		6.500		08/15/36	110,081
	224,655		6.500		09/15/36	232,974
	83,820		6.500		10/15/36	86,900
	118,748		6.500		11/15/36	123,973
	45,431		6.500		12/15/36	47,036

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Government National Mortgage Association – (continued)
$	20,886		6.500	%	01/15/37	$      21,580
	12,933		6.500		02/15/37	13,399
	8,209		6.500		03/15/37	8,483
	12,003		6.500		04/15/37	12,432
	4,498		6.500		05/15/37	4,603
	22,267		6.500		09/15/37	23,073
	32,444		6.500		10/15/37	34,288
	15,138		6.500		11/15/37	15,690
	8,276		6.500		05/15/38	8,585
	30,483		6.000		11/15/38	31,291
	2,105		6.500		01/15/39	2,151
	3,448		6.500		02/15/39	3,542
	2,092,710		4.500		08/20/47	2,023,779
	45,487		4.500		02/20/48	43,974
	108,838		4.500		05/20/48	104,947
	559,885		4.500		09/20/48	539,169
	4,065,047		5.000		09/20/48	4,006,194
	154,369		5.000		10/20/48	152,134
	3,187		5.000		11/20/48	3,141
	1,519,397		4.500		12/20/48	1,461,753
	3,502,796		5.000		12/20/48	3,447,704
	307,067		4.500		01/20/49	295,033
	1,804,783		5.000		01/20/49	1,776,397
	26,415		5.000		03/20/49	26,032
	931,109		4.000		04/20/49	869,462
	11,422		5.000		05/20/49	11,257
	427,013		5.000		06/20/49	420,831
	62,996		5.000		11/20/49	62,320
	668,921		5.000		12/20/49	660,933
	185,973		5.000		07/20/50	184,324
	504,686		4.000		01/20/51	468,590
	434,440		2.500		09/20/51	360,976
	862,722		2.500		10/20/51	718,992
	3,929,015		3.000		11/20/51	3,426,739
	537,518		2.500		11/20/51	447,463
	5,582,677		3.000		12/20/51	4,870,746
	1,172,107		2.500		12/20/51	978,436
	2,704,651		4.500		09/20/52	2,574,394
	3,212,478		4.500		10/20/52	3,057,764
	2,939,259		7.000		01/20/54	2,993,543
	9,000,000		2.500		TBA-30yr(c)	7,568,905
	2,000,000		5.500		TBA-30yr(c)	1,984,300
	29,000,000		6.000		TBA-30yr(c)	29,124,616
	25,000,000		6.500		TBA-30yr(c)	25,347,155
						101,077,972
Uniform Mortgage-Backed Security – 28.4%
	129,203		4.500		11/01/36	125,358
	39,737		4.500		02/01/39	38,616
	53,429		4.500		04/01/39	51,924
	2,769		4.500		08/01/39	2,697
	144,867		4.500		08/01/41	140,958
	95,239		4.500		10/01/41	92,405
	3,116,681		4.000		08/01/45	2,933,598
	312,926		4.500		06/01/48	299,111
	2,125,016		4.500		07/01/48	2,030,539
	555,492		4.500		08/01/48	530,796
	137,430		4.500		09/01/48	131,277

GOLDMAN SACHS SHORT DURATION GOVERNMENT FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	2,440,384		4.500	%	10/01/48	$   2,347,860
	1,124,214		4.500		01/01/49	1,073,818
	1,554,843		4.000		01/01/49	1,448,444
	257,140		4.500		03/01/49	245,466
	136,533		5.000		07/01/49	133,895
	391,517		4.000		03/01/50	364,358
	488,016		4.500		05/01/50	465,442
	2,774,726		2.000		10/01/50	2,187,780
	2,775,259		2.000		11/01/50	2,187,448
	10,830,811		2.500		02/01/51	8,901,293
	14,390,744		2.000		05/01/51	11,310,544
	13,211,767		4.500		06/01/52	12,581,006
	3,546,201		5.500		09/01/52	3,535,784
	3,445,856		6.000		11/01/52	3,513,498
	1,718,610		6.000		12/01/52	1,744,767
	871,970		6.000		01/01/53	882,244
	1,710,788		5.500		04/01/53	1,694,535
	963,772		6.500		12/01/53	994,950
	9,000,000		5.000		TBA-30yr(c)	8,698,005
	31,000,000		5.500		TBA-30yr(c)	30,574,959
	30,000,000		6.000		TBA-30yr(c)	30,084,393
	1,000,000		6.500		TBA-30yr(c)	1,017,734
						132,365,502
TOTAL FEDERAL AGENCIES						$ 240,235,786
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $249,688,181)						$ 241,246,265
Agency Debentures – 14.0%
Sovereign – 14.0%
Federal Farm Credit Banks Funding Corp. (Federal Reserve Bank Prime Loan Rate + -3.060%)
$	4,376,000		5.440	%(b)	03/24/26	$   4,372,674
Federal Home Loan Banks
	13,950,000		3.500		06/11/32	12,827,304
Tennessee Valley Authority
	49,850,000		0.750		05/15/25	47,945,232
TOTAL AGENCY DEBENTURES (Cost $68,416,716)						$  65,145,210
U.S. Treasury Obligations – 61.3%
U.S. Treasury Bonds
$	410,000		3.375	%	05/15/44	$     341,581
	10,000		3.000		11/15/45	7,742
	200,000		2.875		11/15/46	150,125
	59,500		4.000		11/15/52	54,210
U.S. Treasury Inflation-Indexed Bonds
	1,887,877		1.500		02/15/53	1,586,628
	377,962		2.125		02/15/54	367,613
U.S. Treasury Notes
	8,817,000		3.875		03/31/25	8,730,208
	23,140,000		2.625		04/15/25	22,682,624

Principal Amount		Interest Rate			Maturity Date	Value
U.S. Treasury Obligations – (continued)
U.S. Treasury Notes – (continued)
$	20,870,000		3.875	%	04/30/25	$  20,645,810
	22,230,000		0.250		10/31/25	20,887,517
	11,750,000		0.375		11/30/25	11,022,051
	12,000		0.750		03/31/26	11,192
	48,780,000		0.750		04/30/26	45,367,305
	11,760,000		0.750		05/31/26	10,906,481
	9,960,000		0.625		07/31/26	9,162,422
	4,200,000		1.375		08/31/26	3,915,516
	5,940,000		1.125		10/31/26	5,481,970
	12,630,000		2.250		11/15/27	11,750,834
	23,650,000		0.625		11/30/27	20,789,828
	11,010,000		1.125		02/29/28	9,780,837
	34,670,000		1.250		03/31/28	30,872,552
	11,090,000		1.250		04/30/28	9,852,772
	5,680,000		1.250		05/31/28	5,035,231
	2,210,000		1.750		01/31/29	1,971,044
	5,630,000		2.625		02/15/29	5,219,186
	4,730,000		4.250		06/30/29	4,710,230
	4,910,000		3.500		04/30/30	4,695,187
	10,070,000		0.625		05/15/30	8,139,392
	8,925,200		0.625		08/15/30	7,152,711
	4,750,000		4.250		06/30/31	4,723,281
TOTAL U.S. TREASURY OBLIGATIONS (Cost $292,015,462)						$ 286,014,080
Shares		Dividend Rate				Value
Investment Company(d) – 1.4%
Goldman Sachs Financial Square Government Fund — Institutional Shares
	6,251,193		5.213%			$   6,251,193
(Cost $6,251,193)
TOTAL INVESTMENTS – 128.4% (Cost $616,371,552)						$ 598,656,748
LIABILITIES IN EXCESS OF  OTHER ASSETS – ( 28.4)%						(132,316,603)
NET ASSETS – 100.0%						$ 466,340,145

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
(a)	Security with “Call” features with resetting interest rates. Maturity dates disclosed are the final maturity dates.
(b)	Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on June 30, 2024.
(c)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned. Total market value of TBA securities (excluding forward sales contracts, if any) amounts to $134,400,067 which represents approximately 28.8% of net assets as of June 30, 2024.
(d)	Represents an affiliated issuer.

GOLDMAN SACHS SHORT DURATION GOVERNMENT FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FORWARD SALES CONTRACTS — At June 30, 2024, the Fund had the following forward sales contracts:

Description	Interest Rate			Maturity Date(a)		Settlement Date		Principal Amount		Value
Government National Mortgage Association		3.000	%		TBA - 30yr		08/15/24	$	(5,000,000)	$	(4,361,886)
Government National Mortgage Association		3.000			TBA - 30yr		07/15/24		(4,000,000)		(3,487,946)
Government National Mortgage Association		4.500			TBA - 30yr		07/15/24		(6,000,000)		(5,703,425)
Government National Mortgage Association		5.000			TBA - 30yr		07/15/24		(4,000,000)		(3,894,571)
Uniform Mortgage-Backed Security		2.000			TBA - 30yr		07/15/24		(18,000,000)		(14,077,969)
Uniform Mortgage-Backed Security		2.500			TBA - 30yr		07/15/24		(10,000,000)		(8,167,188)
Uniform Mortgage-Backed Security		4.000			TBA - 30yr		07/15/24		(4,000,000)		(3,659,375)
Uniform Mortgage-Backed Security		4.500			TBA - 30yr		07/15/24		(21,000,000)		(19,794,957)
(PROCEEDS RECEIVED: $(63,322,148))										$	(63,147,317)

(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned.

FUTURES CONTRACTS — At June 30, 2024, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date	Notional Amount			Unrealized Appreciation/ (Depreciation)
Long position contracts:
2 Year U.S. Treasury Notes	837	09/30/24	$	170,931,094		$	370,700
Short position contracts:
10 Year U.S. Treasury Notes	(307)	09/19/24		(33,765,203	)		(365,552	)
5 Year U.S. Treasury Notes	(270)	09/30/24		(28,776,094	)		(66,477	)
Ultra 10-Year U.S. Treasury Note	(218)	09/19/24		(24,749,813	)		(269,268	)
Ultra Long U.S. Treasury Bonds	(107)	09/19/24		(13,411,781	)		(166,266	)
Total						$	(867,563	)
TOTAL FUTURES CONTRACTS						$	(496,863	)

SWAP CONTRACTS — At June 30, 2024, the Fund had the following swap contracts:

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS

Payments Made by the Fund	Payments Received by Fund	Termination Date	Notional Amount (000s)			Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
12M SOFR(a)	4.746%(a)	03/31/26	$	41,640		$	20,595		$	(23,450	)	$	44,045
4.223%(b)	12M SOFR(b)	04/11/26		4,500	(c)		1,306			(37	)		1,343
4.426(b)	12M SOFR(b)	04/16/26		6,090	(c)		(10,317	)		2,385			(12,702	)
4.172(b)	12M SOFR(b)	05/20/26		3,550	(c)		195			269			(74	)
12M SOFR(a)	4.730(a)	06/30/26		18,330	(c)		77,056			6,941			70,115
4.335(a)	12M SOFR(a)	11/30/27		21,570			(36,560	)		27,203			(63,763	)
4.290(a)	12M SOFR(a)	03/31/28		21,460			(43,466	)		29,652			(73,118	)
12M SOFR(a)	3.804(a)	04/13/28		9,630	(c)		11,137			2,620			8,517
4.301(a)	12M SOFR(a)	11/30/28		35,930	(c)		(342,841	)		(9,499	)		(333,342	)
12M SOFR(a)	4.024(a)	04/16/30		10,550	(c)		90,000			(45,381	)		135,381

GOLDMAN SACHS SHORT DURATION GOVERNMENT FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS (continued)

Payments Made by the Fund	Payments Received by Fund	Termination Date		Notional Amount (000s)			Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
2.680%(a)	12M SOFR(a)		07/28/32	$	7,390	(c)	$	308,815		$	100,850		$	207,965
12M SOFR(a)	3.789%(a)		05/21/34		5,990	(c)		(4,742	)		2,044			(6,786	)
3.992(a)	12M SOFR(a)		04/16/35		5,830	(c)		(71,566	)		32,645			(104,211	)
12M SOFR(a)	2.910(a)		07/28/37		18,070	(c)		(611,147	)		(245,527	)		(365,620	)
12M SOFR(a)	3.391(a)		05/10/38		2,500	(c)		(45,569	)		(70,178	)		24,609
2.080(a)	12M SOFR(a)		07/28/47		17,930	(c)		558,328			292,031			266,297
2.564(a)	12M SOFR(a)		05/11/53		2,420	(c)		62,313			(3,188	)		65,501
3.380(a)	12M SOFR(a)		04/11/54		2,650	(c)		899			(1,607	)		2,506
3.343(a)	12M SOFR(a)		05/20/54		3,410	(c)		7,318			3,359			3,959
TOTAL							$	(28,246	)	$	101,132		$	(129,378	)

(a) Payments made annually.

(b) Payments made at maturity.

(c) Represents forward starting interest rate swaps whose effective dates of commencement of accruals and cash flows occur subsequent to June 30, 2024.

Currency Abbreviations:
USD	— U.S. Dollar
Investment Abbreviations:
CMT	— Constant Maturity Treasury Indexes
MTA	— Monthly Treasury Average
REMICS	— Real Estate Mortgage Investment Conduits
RFUCC	— Refinitive USD IBOR Consumer Cash Fallbacks 1 year
Abbreviation:
SOFR	— Secured Overnight Financing Rate

 

GOLDMAN SACHS SHORT-TERM CONSERVATIVE INCOME FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – 58.0%
Agriculture(a) – 0.5%
BAT Capital Corp.
$	4,366,000		3.222	%	08/15/24	$    4,349,409
Philip Morris International, Inc.
	6,023,000		2.750		02/25/26	5,772,202
						10,121,611
Automotive – 4.2%
American Honda Finance Corp.(b)
(Secured Overnight Financing Rate + 0.450%)
	4,174,000		5.811		04/29/25	4,170,744
(Secured Overnight Financing Rate + 0.600%)
	8,993,000		5.966		08/14/25	9,006,669
(Secured Overnight Financing Rate + 0.710%)
	4,730,000		6.064		01/09/26	4,746,319
(Secured Overnight Financing Rate + 0.790%)
	4,839,000		6.144		10/03/25	4,854,775
General Motors Co.(a)
	5,547,000		6.125		10/01/25	5,575,234
General Motors Financial Co., Inc.
	2,000,000		5.250	(a)	03/01/26	1,988,740
(Secured Overnight Financing Rate + 1.040%)
	3,152,000		6.409	(b)	02/26/27	3,154,238
Hyundai Capital America(c)
	12,467,000		6.250		11/03/25	12,560,627
(Secured Overnight Financing Rate + 1.040%)
	5,313,000		6.414	(b)	06/24/27	5,321,023
(Secured Overnight Financing Rate + 1.500%)
	13,476,000		6.854	(b)	01/08/27	13,659,813
Mercedes-Benz Finance North America LLC(b)(c) (Secured Overnight Financing Rate + 0.670%)
	4,649,000		6.023		01/09/26	4,660,994
Volkswagen Group of America Finance LLC(c)
	3,163,000		5.400		03/20/26	3,155,156
(Secured Overnight Financing Rate + 0.830%)
	9,796,000		6.204	(b)	03/20/26	9,822,351
						82,676,683
Banks – 38.7%
Banco Santander SA
	6,000,000		3.496		03/24/25	5,912,580
	3,200,000		2.746		05/28/25	3,116,864
Bank of America Corp.(a)(b)
(3 mo. USD Term SOFR + 1.072%)
	3,982,000		3.366		01/23/26	3,927,885
(3 mo. USD Term SOFR + 1.132%)
	12,379,000		2.456		10/22/25	12,252,363
(3 mo. USD Term SOFR + 1.352%)
	8,555,000		3.093		10/01/25	8,495,457
(Secured Overnight Financing Rate + 0.650%)
	13,200,000		1.530		12/06/25	12,956,196
Bank of America NA(a)(b) (Secured Overnight Financing Rate + 1.020%)
	8,020,000		6.387		08/18/26	8,085,363
Bank of Montreal(b)
(Secured Overnight Financing Rate + 0.950%)
	4,939,000		6.325		09/25/25	4,969,276

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 1.160%)
$	9,755,000		6.532	%	12/11/26	$    9,860,549
Bank of Nova Scotia
	3,834,000		1.450		01/10/25	3,749,077
	22,263,000		5.450		06/12/25	22,218,697
(Secured Overnight Financing Rate + 0.780%)
	5,955,000		6.151	(b)	06/04/27	5,950,474
Banque Federative du Credit Mutuel SA(c)
	6,113,000		4.524		07/13/25	6,049,119
(Secured Overnight Financing Rate + 0.410%)
	4,984,000		5.772	(b)	02/04/25	4,981,109
(Secured Overnight Financing Rate + 1.130%)
	9,494,000		6.489	(b)	01/23/27	9,569,667
Barclays Bank PLC(b)
(Secured Overnight Financing Rate + 0.200%)
	5,986,000		5.540		09/09/24	5,987,225
(Secured Overnight Financing Rate + 0.380%)
	19,534,000		5.720		05/08/25	19,552,514
BPCE SA(c)
	2,000,000		2.375		01/14/25	1,960,660
	9,417,000		1.000		01/20/26	8,795,384
	9,369,000		5.100		01/26/26	9,241,019
(Secured Overnight Financing Rate + 0.960%)
	8,995,000		6.334	(b)	09/25/25	9,048,430
Canadian Imperial Bank of Commerce(b)
(Secured Overnight Financing Rate + 0.940%)
	8,073,000		6.316		06/28/27	8,077,925
(Secured Overnight Financing Rate + 1.220%)
	12,651,000		6.575		10/02/26	12,786,492
Citibank NA(a)(b)
(Secured Overnight Financing Rate + 0.590%)
	4,659,000		5.951		04/30/26	4,660,957
(Secured Overnight Financing Rate + 1.060%)
	9,176,000		6.431		12/04/26	9,280,423
Citigroup, Inc.(a)(b)
(Secured Overnight Financing Rate + 0.694%)
	4,117,000		2.014		01/25/26	4,029,102
	6,150,000		6.054		01/25/26	6,155,166
(Secured Overnight Financing Rate + 1.528%)
	4,350,000		6.902		03/17/26	4,376,970
Cooperatieve Rabobank UA
	3,007,000		5.500		07/18/25	3,010,999
(Secured Overnight Financing Rate + 0.900%)
	3,844,000		6.253	(b)	10/05/26	3,865,450
Credit Agricole SA(b)(c) (Secured Overnight Financing Rate + 0.870%)
	11,500,000		6.242		03/11/27	11,519,780
Deutsche Bank AG(a)(b) (Secured Overnight Financing Rate + 2.581%)
	9,856,000		3.961		11/26/25	9,771,830
DNB Bank ASA(a)(b)(c) (1 yr. CMT + 0.330%)
	8,616,000		0.856		09/30/25	8,507,180
Federation des Caisses Desjardins du Quebec(a)(b)(c) (Secured Overnight Financing Rate + 1.094%)
	1,575,000		5.278		01/23/26	1,570,212
HSBC Holdings PLC(a)(b) (3 mo. USD Term SOFR + 1.402%)
	17,828,000		2.633		11/07/25	17,620,125

GOLDMAN SACHS SHORT-TERM CONSERVATIVE INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
HSBC USA, Inc.
$	5,133,000		5.625	%	03/17/25	$    5,133,308
(Secured Overnight Financing Rate + 0.960%)
	11,023,000		6.331	(b)	03/04/27	11,093,657
ING Groep NV
	9,048,000		4.625	(c)	01/06/26	8,947,567
(Secured Overnight Financing Rate + 1.640%)
	9,973,000		7.016	(a)(b)	03/28/26	10,054,479
Intesa Sanpaolo SpA(c)
	7,829,000		3.250		09/23/24	7,785,314
	11,359,000		7.000		11/21/25	11,540,744
JPMorgan Chase & Co.(a)(b)
(3 mo. USD Term SOFR + 1.585%)
	3,709,000		2.005		03/13/26	3,613,382
(Secured Overnight Financing Rate + 0.605%)
	29,809,000		1.561		12/10/25	29,259,322
(Secured Overnight Financing Rate + 1.160%)
	9,977,000		2.301		10/15/25	9,876,332
JPMorgan Chase Bank NA(a)(b) (Secured Overnight Financing Rate + 1.000%)
	8,839,000		6.371		12/08/26	8,947,101
Lloyds Banking Group PLC(a)(b) (1 yr. CMT + 3.500%)
	10,785,000		3.870		07/09/25	10,779,931
Macquarie Bank Ltd.(b)(c)
(Secured Overnight Financing Rate + 0.920%)
	8,371,000		6.260		07/02/27	8,382,468
(Secured Overnight Financing Rate + 1.200%)
	6,000,000		6.571		12/07/26	6,061,020
(Secured Overnight Financing Rate + 1.240%)
	6,867,000		6.612		06/15/26	6,941,576
Macquarie Group Ltd.(a)(b)(c) (Secured Overnight Financing Rate + 0.694%)
	8,104,000		1.201		10/14/25	7,991,841
Mitsubishi UFJ Financial Group, Inc.
	2,268,000		1.412		07/17/25	2,173,107
(1 yr. CMT + 0.450%)
	17,942,000		0.962	(a)(b)	10/11/25	17,691,350
(1 yr. CMT + 0.550%)
	7,084,000		0.953	(a)(b)	07/19/25	7,066,290
(1 yr. CMT + 1.550%)
	8,458,000		5.063	(a)(b)	09/12/25	8,443,114
(1 yr. CMT + 1.700%)
	2,655,000		4.788	(a)(b)	07/18/25	2,653,487
(Secured Overnight Financing Rate + 0.940%)
	11,406,000		6.306	(a)(b)	02/20/26	11,432,462
Mizuho Financial Group, Inc.(a)(b) (3 mo. USD Term SOFR + 1.242%)
	12,890,000		2.839		07/16/25	12,873,372
Morgan Stanley(a)(b)
(Secured Overnight Financing Rate + 0.509%)
	806,000		5.869		01/22/25	806,532
(Secured Overnight Financing Rate + 0.560%)
	14,890,000		1.164		10/21/25	14,676,031
(Secured Overnight Financing Rate + 0.745%)
	6,399,000		0.864		10/21/25	6,300,519
(Secured Overnight Financing Rate + 0.940%)
	6,344,000		2.630		02/18/26	6,219,975

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 0.950%)
$	2,054,000		6.318	%	02/18/26	$   2,058,539
(Secured Overnight Financing Rate + 1.152%)
	3,350,000		2.720		07/22/25	3,343,467
Morgan Stanley Bank NA(a)(b) (Secured Overnight Financing Rate + 1.165%)
	12,535,000		6.526		10/30/26	12,689,933
National Bank of Canada(a)(b) (Secured Overnight Financing Rate +0.900%)
	16,508,000		6.275		03/25/27	16,516,089
National Securities Clearing Corp.(c)
	10,738,000		5.150		06/26/26	10,739,718
NatWest Markets PLC(b)(c) (Secured Overnight Financing Rate + 0.900%)
	14,800,000		6.267		05/17/27	14,806,956
PNC Bank NA(a)
	4,967,000		3.250		06/01/25	4,861,898
Royal Bank of Canada(b) (Secured Overnight Financing Rate + 1.080%)
	3,782,000		6.438		07/20/26	3,815,509
Skandinaviska Enskilda Banken AB(c)
	2,897,000		0.650		09/09/24	2,869,826
(Secured Overnight Financing Rate + 0.890%)
	11,753,000		6.261	(b)	03/05/27	11,798,719
Societe Generale SA(a)(b)(c) (1 yr. CMT + 1.050%)
	16,068,000		2.226		01/21/26	15,716,914
Standard Chartered PLC(a)(b)(c) (3 mo. USD LIBOR + 1.209%)
	10,345,000		2.819		01/30/26	10,161,480
State Street Corp.(a)(b)
(Secured Overnight Financing Rate + 0.845%)
	4,891,000		6.207		08/03/26	4,906,896
(Secured Overnight Financing Rate + 0.940%)
	6,878,000		2.354		11/01/25	6,796,014
Sumitomo Mitsui Financial Group, Inc.
	7,493,000		2.696		07/16/24	7,482,735
	4,629,000		2.448		09/27/24	4,592,107
Svenska Handelsbanken AB(b)(c) (Secured Overnight Financing Rate + 1.250%)
	8,929,000		6.622		06/15/26	9,029,362
Swedbank AB(b)(c) (Secured Overnight Financing Rate + 1.380%)
	10,240,000		6.752		06/15/26	10,400,768
Toronto-Dominion Bank
	7,771,000		4.285		09/13/24	7,746,288
	4,445,000		1.250		12/13/24	4,358,367
(Secured Overnight Financing Rate + 1.080%)
	10,259,000		6.437	(b)	07/17/26	10,360,154
UBS AG
	10,297,000		3.625		09/09/24	10,252,311
	15,005,000		7.950		01/09/25	15,166,154
	4,000,000		3.700		02/21/25	3,949,920
(Secured Overnight Financing Rate + 1.260%)
	2,948,000		6.629	(b)	02/21/25	2,960,234
UBS Group AG(a)(b)(c) (1 yr. CMT + 1.600%)
	9,005,000		4.490		08/05/25	8,990,952
Wells Fargo & Co.(a)(b)
(3 mo. USD Term SOFR + 1.012%)
	6,062,000		2.164		02/11/26	5,931,364

GOLDMAN SACHS SHORT-TERM CONSERVATIVE INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(3 mo. USD Term SOFR + 1.087%)
$	9,929,000		2.406	%	10/30/25	$    9,815,909
(Secured Overnight Financing Rate + 1.320%)
	2,334,000		6.680		04/25/26	2,346,697
Wells Fargo Bank NA(a)(b)
(Secured Overnight Financing Rate + 1.060%)
	6,115,000		6.424		08/07/26	6,169,179
(Secured Overnight Financing Rate + 1.070%)
	10,613,000		6.442		12/11/26	10,730,168
						770,021,427
Beverages(b) – 0.4%
Keurig Dr Pepper, Inc. (Secured Overnight Financing Rate + 0.880%)
	7,500,000		6.252		03/15/27	7,542,900
Diversified Financial Services – 6.1%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust(a)
	22,027,000		1.650		10/29/24	21,729,415
Air Lease Corp.(a)
	3,024,000		0.800		08/18/24	3,003,134
	8,663,000		2.300		02/01/25	8,474,580
American Express Co.(a)(b)
(Secured Overnight Financing Rate + 0.750%)
	9,945,000		6.108		04/23/27	9,956,636
(Secured Overnight Financing Rate + 0.999%)
	14,567,000		4.990		05/01/26	14,480,326
(Secured Overnight Financing Rate + 1.350%)
	13,810,000		6.711		10/30/26	13,943,681
Charles Schwab Corp.(a)
	20,178,000		3.850		05/21/25	19,881,989
(Secured Overnight Financing Rate + 0.520%)
	5,422,000		5.885	(b)	05/13/26	5,420,482
Jefferies Financial Group, Inc.(a)
	10,000,000		6.050		03/12/25	9,990,500
LeasePlan Corp. NV(c)
	6,081,000		2.875		10/24/24	6,021,528
Legg Mason, Inc.
	5,385,000		3.950		07/15/24	5,378,484
Nuveen Finance LLC(c)
	2,214,000		4.125		11/01/24	2,200,140
						120,480,895
Electrical – 2.0%
Avangrid, Inc.(a)
	9,292,000		3.150		12/01/24	9,183,377
DTE Energy Co.(d)
	5,709,000		4.220		11/01/24	5,676,972
Entergy Louisiana LLC(a)
	7,000,000		0.950		10/01/24	6,918,030
National Rural Utilities Cooperative Finance Corp.(b) (Secured Overnight Financing Rate + 0.800%)
	8,412,000		6.162		02/05/27	8,445,648
NextEra Energy Capital Holdings, Inc.
	10,099,000		4.255		09/01/24	10,067,491
						40,291,518

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Healthcare Providers & Services(a) – 0.3%
Elevance Health, Inc.
$	5,798,000		2.375	%	01/15/25	$    5,695,201
Insurance(c) – 3.7%
Corebridge Global Funding
	13,789,000		5.350		06/24/26	13,784,725
Equitable Financial Life Global Funding
	5,318,000		5.500		12/02/25	5,312,363
	20,374,000		1.000		01/09/26	19,031,150
Great-West Lifeco U.S. Finance 2020 LP(a)
	4,978,000		0.904		08/12/25	4,730,643
Pacific Life Global Funding II(b) (Secured Overnight Financing Rate + 1.050%)
	8,324,000		6.411		07/28/26	8,397,667
Principal Life Global Funding II(b) (Secured Overnight Financing Rate + 0.900%)
	8,184,000		6.271		08/28/25	8,216,818
Protective Life Global Funding
	2,126,000		0.781		07/05/24	2,126,000
	2,987,000		1.170		07/15/25	2,857,872
(Secured Overnight Financing Rate + 0.700%)
	9,912,000		6.055	(b)	04/10/26	9,920,921
						74,378,159
Media(a) – 0.2%
Comcast Corp.
	3,421,000		3.150		03/01/26	3,307,423
Mining(c) – 0.5%
Newmont Corp./Newcrest Finance Pty. Ltd.
	10,150,000		5.300		03/15/26	10,144,215
Oil Field Services(a) – 0.2%
Marathon Petroleum Corp.
	4,242,000		3.625		09/15/24	4,220,790
Pipelines(a) – 0.1%
MPLX LP
	3,025,000		4.875		12/01/24	3,011,932
Retailing – 0.4%
Home Depot, Inc.
	8,328,000		5.150		06/25/26	8,335,912
Savings & Loans(c) – 0.4%
Nationwide Building Society
	8,455,000		3.900		07/21/25	8,316,169
Trucking & Leasing(a)(c) – 0.3%
Penske Truck Leasing Co. LP/PTL Finance Corp.
	5,291,000		3.450		07/01/24	5,291,000
TOTAL CORPORATE OBLIGATIONS (Cost $1,149,027,794)						$1,153,835,835

GOLDMAN SACHS SHORT-TERM CONSERVATIVE INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Municipal Debt Obligations(a) – 0.0%
New York – 0.0%
New York State Dormitory Authority RB Taxable Series 2011 A
$	905,000		1.085	%	07/01/24	$      905,000
(Cost $905,000)
U.S. Treasury Obligations – 6.9%
U.S. Treasury Floating Rate Notes(b)
(3 mo. Treasury money market yield + 0.170%)
$	19,688,700		5.475	%	10/31/25	$   19,700,116
(3 mo. Treasury money market yield + 0.150%)
	19,371,100		5.455		04/30/26	19,368,385
U.S. Treasury Notes
	21,307,700		4.750		07/31/25	21,231,958
	7,772,200		5.000		08/31/25	7,765,521
	29,029,500		5.000		10/31/25	29,029,500
	29,816,900		4.250		01/31/26	29,531,543
	9,785,000		4.875		05/31/26	9,804,876
TOTAL U.S. TREASURY OBLIGATIONS (Cost $136,504,104)						$   136,431,899
Shares		Dividend Rate				Value
Investment Company(e) – 8.7%
Goldman Sachs Financial Square Government Fund — Institutional Shares
	173,377,190		5.213%			$  173,377,190
(Cost $173,377,190)
Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments – 25.7%
Certificates of Deposit – 17.9%
ASB Bank Ltd.(b)(c) (Secured Overnight Financing Rate + 0.370%)
$	5,192,000		5.710	%	05/08/25	$    5,194,205
Bay Square Funding LLC(b)(c) (Secured Overnight Financing Rate + 0.240%)
	2,001,000		5.580		10/01/24	2,001,258
Bayerische Landesbank
	7,300,000		6.000		09/25/24	7,303,743
	4,100,000		5.210		01/10/25	4,091,121
(Secured Overnight Financing Rate + 0.450%)
	21,321,000		5.790	(b)	04/14/25	21,339,301
BNP Paribas SA
	10,260,000		5.290		02/21/25	10,243,697
(Secured Overnight Financing Rate + 0.570%)
	4,205,000		5.910	(b)	10/24/24	4,210,735
Canadian Imperial Bank of Commerce
	13,857,000		5.950		09/19/24	13,865,406
Chariot Funding LLC(a)(b)(c) (Secured Overnight Financing Rate + 0.320%)
	20,154,000		5.660		11/05/24	20,155,052

Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments – (continued)
Certificates of Deposit – (continued)
Collateralized Commercial Paper FLEX Co. LLC(a)(b)(c)
(Secured Overnight Financing Rate + 0.280%)
$	4,812,000		5.620	%	10/15/24	$    4,813,503
(Secured Overnight Financing Rate + 0.400%)
	12,896,000		5.740		05/20/25	12,896,262
Cooperatieve Rabobank UA
	6,284,000		5.800		11/12/24	6,291,943
	1,636,000		5.500		12/16/24	1,636,653
Credit Agricole Corporate & Investment Bank SA(b) (Secured Overnight Financing Rate + 0.590%)
	7,965,000		5.930		08/28/25	7,985,874
Deutsche Bank AG
	8,664,000		5.800		12/12/24	8,665,839
(Secured Overnight Financing Rate + 0.400%)
	8,681,000		5.740	(b)	05/22/25	8,681,437
Fairway Finance Co. LLC(b)(c)
(Secured Overnight Financing Rate + 0.170%)
	2,802,000		5.510		09/04/24	2,802,197
(Secured Overnight Financing Rate + 0.200%)
	4,949,000		5.540		09/13/24	4,949,710
HSBC Bank PLC(b)(c)
(Secured Overnight Financing Rate + 0.330%)
	1,025,000		5.670		02/07/25	1,025,342
(Secured Overnight Financing Rate + 0.360%)
	4,858,000		5.700		06/04/25	4,858,291
HSBC Bank USA NA
	3,954,000		5.980		09/25/24	3,956,916
Jupiter Securitization Co. LLC(a)(b)(c) (Secured Overnight Financing Rate + 0.320%)
	20,883,000		5.660		11/05/24	20,886,655
Kookmin Bank(b)
(Secured Overnight Financing Rate + 0.600%)
	11,456,000		5.940		01/08/25	11,469,312
	6,902,000		5.940		03/20/25	6,910,493
(Secured Overnight Financing Rate + 0.650%)
	12,398,000		5.990		01/29/25	12,415,222
Landesbank Baden-Wuerttemberg
	6,200,000		5.990		09/25/24	6,204,427
Lloyds Bank Corporate Markets PLC
	9,981,000		6.050		10/07/24	9,991,483
Macquarie Bank Ltd.(b)(c) (Secured Overnight Financing Rate + 0.400%)
	6,452,000		5.740		06/24/25	6,451,369
Mitsubishi UFJ Trust & Banking Corp.(b) (Secured Overnight Financing Rate + 0.400%)
	10,015,000		5.740		05/01/25	10,020,758
National Bank of Kuwait
	9,090,000		5.740		08/20/24	9,092,260
Natixis SA
	2,600,000		5.990		09/17/24	2,601,777
Norddeutsche Landesbank-Girozentrale
	17,734,000		5.550		01/10/25	17,733,963
Nordea Bank Abp(b) (Secured Overnight Financing Rate + 0.570%)
	6,959,000		5.910		08/14/24	6,963,235
Salisbury Receivables Co. LLC(b)(c) (Secured Overnight Financing Rate + 0.210%)
	2,983,000		5.550		08/01/24	2,983,081

GOLDMAN SACHS SHORT-TERM CONSERVATIVE INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments – (continued)
Certificates of Deposit – (continued)
Skandinaviska Enskilda Banken AB(b) (Secured Overnight Financing Rate + 0.280%)
$	4,699,000		5.620	%	02/14/25	$    4,699,581
Standard Chartered Bank
	17,859,000		6.050		09/05/24	17,872,094
(Secured Overnight Financing Rate + 0.350%)
	5,800,000		5.690	(b)	05/21/25	5,801,670
Sumitomo Mitsui Banking Corp.(b)
(Secured Overnight Financing Rate + 0.700%)
	11,990,000		6.040		07/12/24	11,992,727
	14,446,000		6.040		08/14/24	14,456,667
Svenska Handelsbanken AB(b)
(Secured Overnight Financing Rate + 0.320%)
	9,605,000		5.660	(c)	06/09/25	9,609,437
(Secured Overnight Financing Rate + 0.340%)
	2,012,000		5.680		06/20/25	2,011,957
Swedbank AB
	6,010,000		5.930		08/15/24	6,012,593
Versailles Commercial Paper LLC(a)(b)(c) (Secured Overnight Financing Rate + 0.230%)
	4,000,000		5.570		01/02/25	3,999,773
						357,149,019
Commercial Paper(f) – 7.8%
Albion Capital Corp. SA/Albion Capital LLC
	9,846,000		0.000		07/22/24	9,810,414
Australia & New Zealand Banking Group Ltd.(c)
	2,033,000		0.000		01/06/25	1,975,677
Barclays Bank PLC(c)
	4,892,000		0.000		07/08/24	4,884,759
Bay Square Funding LLC(c)
	6,313,000		0.000		09/19/24	6,234,214
BofA Securities, Inc.
	1,650,000		0.000		08/26/24	1,635,333
Dollarama, Inc.(c)
	2,735,000		0.000		07/08/24	2,730,785
Enel Finance America LLC(c)
	4,476,000		0.000		09/27/24	4,413,085
	2,661,000		0.000		10/30/24	2,610,051
General Motors Financial Co., Inc.(c)
	2,233,000		0.000		07/16/24	2,226,787
Glencore Funding LLC(c)
	10,585,000		0.000		07/31/24	10,529,878
HSBC USA, Inc.(c)
	2,705,000		0.000		09/09/24	2,674,824
	3,412,000		0.000		06/27/25	3,231,529
Intesa Sanpaolo Funding LLC
	3,086,000		0.000		01/09/25	2,990,828

Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments – (continued)
Commercial Paper(f) – (continued)
LSEGA Financing PLC(c)
$	8,424,000		0.000	%	07/29/24	$    8,384,462
	14,821,000		0.000		08/22/24	14,697,308
Nutrien Ltd.(c)
	10,080,000		0.000		07/26/24	10,036,399
Salisbury Receivables Co. LLC(c)
	6,024,000		0.000		11/05/24	5,907,692
Societe Generale SA(c)
	7,637,000		0.000		12/09/24	7,453,052
TELUS Corp.(c)
	11,956,000		0.000		09/25/24	11,790,495
	10,430,000		0.000		12/05/24	10,171,645
UnitedHealth Group, Inc.(c)
	8,371,000		0.000		08/23/24	8,300,938
	10,021,000		0.000		09/30/24	9,879,788
VW Credit, Inc.(c)
	6,122,000		0.000		07/24/24	6,097,517
Westpac Banking Corp.(c)
	5,839,000		0.000		09/12/24	5,773,570
						154,441,030
TOTAL SHORT-TERM INVESTMENTS (Cost $511,485,501)						$  511,590,049
TOTAL INVESTMENTS – 99.3% (Cost $1,971,299,589)						$1,976,139,973
OTHER ASSETS IN EXCESS OF  LIABILITIES – 0.7%						13,923,573
NET ASSETS – 100.0%						$1,990,063,546

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
(a)	Security with “Call” features with resetting interest rates. Maturity dates disclosed are the final maturity dates.
(b)	Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on June 30, 2024.
(c)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(d)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(e)	Represents an affiliated issuer.
(f)	Issued with a zero coupon. Income is recognized through the accretion of discount.

GOLDMAN SACHS SHORT-TERM CONSERVATIVE INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

Investment Abbreviations:
CMT	— Constant Maturity Treasury Indexes
LIBOR	— London Interbank Offered Rate
LLC	— Limited Liability Company
LP	— Limited Partnership
PLC	— Public Limited Company
RB	— Revenue Bond
SOFR	— Secured Overnight Financing Rate

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 145.2%
Collateralized Mortgage Obligations – 10.5%
Interest Only(a) – 1.0%
Federal Home Loan Mortgage Corp. REMICS Series 4468, Class SY (-1X 1 mo. USD Term SOFR + 5.986%)
$	97,013		0.653	%(b)	05/15/45	$       9,031
Federal Home Loan Mortgage Corp. REMICS Series 5012, Class DI
	150,739		4.000		09/25/50	31,695
Federal Home Loan Mortgage Corp. REMICS Series 4583, Class ST (-1X 1 mo. USD Term SOFR + 5.886%)
	436,920		0.553	(b)	05/15/46	41,459
Federal Home Loan Mortgage Corp. REMICS Series 4314, Class SE (-1X 1 mo. USD Term SOFR + 5.936%)
	97,749		0.603	(b)	03/15/44	8,322
Federal Home Loan Mortgage Corp. REMICS Series 4998, Class GI
	493,542		4.000		08/25/50	102,454
Federal Home Loan Mortgage Corp. REMICS Series 4456, Class IO
	56,294		4.500		10/15/44	12,154
Federal National Mortgage Association REMICS Series 2017-104, Class SB (-1X 1 mo. USD Term SOFR + 6.036%)
	287,520		0.700	(b)	01/25/48	29,954
Federal National Mortgage Association REMICS Series 2018-8, Class SA (-1X 1 mo. USD Term SOFR + 6.036%)
	229,331		0.700	(b)	02/25/48	22,892
Federal National Mortgage Association REMICS Series 2007-36, Class SN (-1X 1 mo. USD Term SOFR + 6.656%)
	149,093		1.320	(b)	04/25/37	12,269
Federal National Mortgage Association REMICS Series 2008-17, Class SI (-1X 1 mo. USD Term SOFR + 6.186%)
	187,364		0.850	(b)	03/25/38	12,300
Government National Mortgage Association REMICS Series 2014-132, Class SL (-1X 1 mo. USD Term SOFR + 5.986%)
	130,833		0.647	(b)(c)	10/20/43	5,423
Government National Mortgage Association REMICS Series 2015-129, Class IC
	202,071		4.500	(c)	09/16/45	38,488
Government National Mortgage Association REMICS Series 2017-112, Class SJ (-1X 1 mo. USD Term SOFR + 5.546%)
	485,458		0.207	(b)(c)	07/20/47	39,604
Government National Mortgage Association REMICS Series 2018-7, Class DS (-1X 1 mo. USD Term SOFR + 5.586%)
	1,055,408		0.247	(b)(c)	01/20/48	89,658
Government National Mortgage Association REMICS Series 2018-67, Class PS (-1X 1 mo. USD Term SOFR + 6.086%)
	430,347		0.747	(b)(c)	05/20/48	44,290
Government National Mortgage Association REMICS Series 2018-124, Class SN (-1X 1 mo. USD Term SOFR + 6.086%)
	586,546		0.747	(b)(c)	09/20/48	59,384
Government National Mortgage Association REMICS Series 2019-6, Class SA (-1X 1 mo. USD Term SOFR + 5.936%)
	151,838		0.597	(b)(c)	01/20/49	14,487

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Interest Only(a) – (continued)
Government National Mortgage Association REMICS Series 2019-1, Class SN (-1X 1 mo. USD Term SOFR + 5.936%)
$	226,759		0.597	%(b)(c)	01/20/49	$      21,287
Government National Mortgage Association REMICS Series 2019-78, Class SE (-1X 1 mo. USD Term SOFR + 5.986%)
	149,940		0.647	(b)(c)	06/20/49	13,931
Government National Mortgage Association REMICS Series 2019-151, Class NI
	1,183,936		3.500	(c)	10/20/49	204,432
Government National Mortgage Association REMICS Series 2020-21, Class SA (-1X 1 mo. USD Term SOFR + 5.936%)
	601,213		0.597	(b)(c)	02/20/50	62,528
Government National Mortgage Association REMICS Series 2020-78, Class DI
	610,754		4.000	(c)	06/20/50	124,789
Government National Mortgage Association REMICS Series 2020-146, Class KI
	1,465,233		2.500	(c)	10/20/50	212,698
Government National Mortgage Association REMICS Series 2020-146, Class IM
	1,077,840		2.500	(c)	10/20/50	150,911
Government National Mortgage Association REMICS Series 2013-124, Class CS (-1X 1 mo. USD Term SOFR + 5.936%)
	532,868		0.597	(b)(c)	08/20/43	48,529
Government National Mortgage Association REMICS Series 2015-111, Class IM
	281,745		4.000	(c)	08/20/45	47,707
Government National Mortgage Association REMICS Series 2016-27, Class IA
	158,457		4.000	(c)	06/20/45	22,151
Government National Mortgage Association REMICS Series 2019-110, Class SD (-1X 1 mo. USD Term SOFR + 5.986%)
	427,808		0.647	(b)(c)	09/20/49	38,569
Government National Mortgage Association REMICS Series 2019-110, Class SE (-1X 1 mo. USD Term SOFR + 5.986%)
	436,212		0.647	(b)(c)	09/20/49	42,388
Government National Mortgage Association REMICS Series 2019-153, Class EI
	1,008,228		4.000	(c)	12/20/49	205,871
Government National Mortgage Association REMICS Series 2016-138, Class DI
	68,139		4.000	(c)	10/20/46	13,478
Government National Mortgage Association REMICS Series 2010-20, Class SE (-1X 1 mo. USD Term SOFR + 6.136%)
	157,664		0.797	(b)(c)	02/20/40	14,551
Government National Mortgage Association REMICS Series 2014-11, Class KI
	12,338		4.500	(c)	12/20/42	276

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Interest Only(a) – (continued)
Government National Mortgage Association REMICS Series 2015-119, Class SN (-1X 1 mo. USD Term SOFR + 6.136%)
$	219,608		0.797	%(b)(c)	08/20/45	$      22,680
Government National Mortgage Association REMICS Series 2015-90, Class PI
	10,201		3.500	(c)	04/20/45	918
Government National Mortgage Association REMICS Series 2015-83, Class PI
	19,949		3.500	(c)	06/20/45	2,786
Government National Mortgage Association REMICS Series 2015-72, Class JI
	8,774		3.500	(c)	05/20/45	925
Government National Mortgage Association REMICS Series 2016-1, Class ST (-1X 1 mo. USD Term SOFR + 6.086%)
	101,337		0.747	(b)(c)	01/20/46	10,035
						1,835,304
Regular Floater(b) – 3.3%
Federal National Mortgage Association REMICS Series 2017-96, Class FA (1 mo. USD Term SOFR + 0.514%)
	978,313		5.850		12/25/57	953,684
Government National Mortgage Association REMICS Series 2017-182, Class FN (1 mo. USD Term SOFR + 0.414%)
	1,085,378		5.743	(c)	12/16/47	1,051,759
Government National Mortgage Association REMICS Series 2021-98, Class FM (1 mo. USD Term SOFR + 0.750%)
	953,449		2.500	(c)	06/20/51	775,195
Government National Mortgage Association REMICS Series 2021-97, Class FA (1 mo. USD Term SOFR + 0.400%)
	1,380,096		3.000	(c)	06/20/51	1,163,366
Government National Mortgage Association REMICS Series 2021-122, Class FA (1 mo. USD Term SOFR + 0.400%)
	2,506,109		3.000	(c)	07/20/51	2,111,207
						6,055,211
Sequential Fixed Rate – 2.3%
Federal Home Loan Mortgage Corp. REMICS Series 2042, Class N
	7,082		6.500	(c)	03/15/28	7,172
Federal Home Loan Mortgage Corp. REMICS Series 4577, Class HM
	284,149		4.000	(c)(d)	12/15/50	267,749
Federal National Mortgage Association REMICS Series 2011-99, Class DB
	160,764		5.000		10/25/41	159,037
Federal National Mortgage Association REMICS Series 2012-111, Class B
	26,474		7.000		10/25/42	27,832
Federal National Mortgage Association REMICS Series 2012-153, Class B
	102,848		7.000		07/25/42	109,858
Federal National Mortgage Association REMICS Series 2011-52, Class GB
	156,395		5.000		06/25/41	154,767

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Fixed Rate – (continued)
Federal National Mortgage Association REMICS Series 2000-16, Class ZG
$	42,603		8.500	%	06/25/30	$      44,730
Federal National Mortgage Association REMICS Series 2017-87, Class EA
	1,637,856		3.000		04/25/44	1,451,642
Federal National Mortgage Association REMICS Series 2005-59, Class KZ
	319,478		5.500		07/25/35	323,882
Government National Mortgage Association REMICS Series 2021-135, Class A
	2,188,755		2.000	(c)	08/20/51	1,752,738
						4,299,407
Sequential Floating Rate(b)(c) – 3.9%
Bear Stearns ALT-A Trust Series 2005-5, Class 21A1
	79,465		6.001		07/25/35	75,087
CSMC Trust Series 2021-NQM8, Class A1
	89,154		1.841	(e)	10/25/66	77,420
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA5, Class M2 (1 mo. USD Term SOFR + 1.650%)
	63,967		6.985	(e)	01/25/34	64,392
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA3, Class M1A (1 mo. USD Term SOFR + 2.000%)
	157,350		7.335	(e)	04/25/42	159,432
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA1, Class M1A (1 mo. USD Term SOFR + 1.000%)
	204,543		6.335	(e)	01/25/42	204,644
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA1, Class M1B (1 mo. USD Term SOFR + 3.500%)
	286,000		8.835	(e)	03/25/42	300,355
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R01, Class 1M2 (1 mo. USD Term SOFR + 1.550%)
	153,155		6.885	(e)	10/25/41	154,066
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R03, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	142,000		6.985	(e)	12/25/41	142,930
Federal National Mortgage Association Connecticut Avenue Securities Series 2019-R01, Class 2M2 (1 mo. USD Term SOFR + 2.564%)
	3,322		7.900	(e)	07/25/31	3,328
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R05, Class 2M1 (1 mo. USD Term SOFR + 1.900%)
	66,132		7.235	(e)	04/25/42	66,741
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R05, Class 2M2 (1 mo. USD Term SOFR + 3.000%)
	94,000		8.335	(e)	04/25/42	97,308

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(b)(c) – (continued)
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03, Class 2M2 (1 mo. USD Term SOFR + 3.900%)
$	124,000		9.235	%(e)	04/25/43	$     132,827
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R05, Class 1M2 (1 mo. USD Term SOFR + 3.100%)
	90,000		8.435	(e)	06/25/43	95,090
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R06, Class 1M2 (1 mo. USD Term SOFR + 2.700%)
	80,000		8.035	(e)	07/25/43	83,194
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	125,000		7.135	(e)	01/25/44	126,411
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R02, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	425,000		7.135	(e)	02/25/44	427,343
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R03, Class 2M2 (1 mo. USD Term SOFR + 1.950%)
	150,000		7.285	(e)	03/25/44	150,848
Government National Mortgage Association REMICS Series 2023-70, Class SE (-1X 1 mo. USD Term SOFR + 6.120%)
	517,799		0.787		05/20/53	25,745
Government National Mortgage Association REMICS Series 2023-101, Class FH (1 mo. USD Term SOFR + 1.000%)
	3,037,391		6.333		07/20/53	3,033,209
HarborView Mortgage Loan Trust Series 2005-16, Class 2A1A (1 mo. USD Term SOFR + 0.594%)
	13,400		5.933		01/19/36	14,348
Impac CMB Trust Series 2004-8, Class 1A (1 mo. USD Term SOFR + 0.834%)
	5,940		6.180		10/25/34	5,640
JP Morgan Mortgage Trust Series 2021-6, Class A3
	397,590		2.500	(e)	10/25/51	316,861
JP Morgan Mortgage Trust Series 2021-LTV2, Class A1
	501,858		2.520	(e)	05/25/52	407,424
JP Morgan Mortgage Trust Series 2022-LTV1, Class A2
	729,209		3.520	(e)	07/25/52	619,938
New Residential Mortgage Loan Trust Series 2015-1A, Class A1
	65,696		3.750	(e)	05/28/52	61,201
Towd Point Mortgage Trust Series 2016-4, Class M1
	100,000		3.250	(e)	07/25/56	96,948
Verus Securitization Trust Series 2021-8, Class A1
	70,591		1.824	(e)	11/25/66	61,390
Verus Securitization Trust Series 2019-INV3, Class A1
	42,852		3.692	(e)	11/25/59	41,592

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(b)(c) – (continued)
Wells Fargo Mortgage-Backed Securities Trust Series 2019-3, Class A1
$	24,682		3.500	%(e)	07/25/49	$      21,588
						7,067,300
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$  19,257,222
Commercial Mortgage-Backed Securities – 6.2%
Sequential Fixed Rate – 1.9%
Benchmark Mortgage Trust Series 2023-B39, Class A5
$	425,000		5.754	%(c)	07/15/56	$     438,437
Cantor Commercial Real Estate Lending Series 2019-CF3, Class A4
	1,900,000		3.006	(c)	01/15/53	1,680,114
Citigroup Commercial Mortgage Trust Series 2017-P8, Class D
	400,000		3.000	(c)(e)	09/15/50	286,184
DOLP Trust Series 2021-NYC, Class A
	400,000		2.956	(e)	05/10/41	333,049
GS Mortgage Securities Trust Series 2017-GS7, Class A4
	350,000		3.430	(c)	08/10/50	326,679
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-OPO, Class A
	300,000		3.024	(e)	01/05/39	268,024
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C26, Class D
	150,000		3.060	(c)(e)	10/15/48	122,582
						3,455,069
Sequential Floating Rate(b) – 4.3%
3650R Commercial Mortgage Trust Series 2021-PF1, Class AS
	400,000		2.778		11/15/54	327,830
Bank Series 2022-BNK40, Class A4
	550,000		3.506	(c)	03/15/64	483,659
Bank Series 2018-BN10, Class AS
	420,000		3.898	(c)	02/15/61	392,674
BBCMS Mortgage Trust Series 2018-TALL, Class A (1 mo. USD Term SOFR + 0.919%)
	175,000		6.248	(e)	03/15/37	165,486
BBCMS Mortgage Trust Series 2018-TALL, Class B (1 mo. USD Term SOFR + 1.168%)
	125,000		6.497	(e)	03/15/37	114,546
BBCMS Mortgage Trust Series 2024-5C25, Class C
	250,000		6.643	(c)	03/15/57	252,069
BBCMS Mortgage Trust Series 2024-C26, Class C
	250,000		6.000	(c)	05/15/57	243,061
Benchmark Mortgage Trust Series 2022-B32, Class A5
	500,000		3.002		01/15/55	416,689
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	311,669		6.721	(e)	03/15/41	310,219
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
	600,000		6.971	(e)	02/15/41	598,056
Commercial Mortgage Trust Series 2024-WCL1, Class A (1 mo. USD Term SOFR + 1.841%)
	550,000		7.141	(e)	06/15/41	547,362

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(b) – (continued)
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K148, Class A2
$	800,000		3.500	%(c)	07/25/32	$     731,051
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K158, Class A2
	1,166,000		3.900	(c)	12/25/30	1,105,069
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KF73, Class AS (1 mo. USD SOFR Historical Calendar Day Compounded + 0.670%)
	239,360		5.996	(c)	11/25/29	238,641
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K-153, Class A2
	800,000		3.820	(c)	12/25/32	744,464
HTL Commercial Mortgage Trust Series 2024-T53, Class B
	275,000		6.774	(e)	05/10/39	275,049
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-NLP, Class B (1 mo. USD Term SOFR + 1.107%)
	317,291		6.436	(e)	04/15/37	301,929
TYSN Mortgage Trust Series 2023-CRNR, Class A
	350,000		6.799	(e)	12/10/33	361,119
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class B
	275,000		5.743	(e)	07/15/35	270,839
						7,879,812
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$  11,334,881
Federal Agencies – 128.5%
Adjustable Rate Federal Home Loan Mortgage Corp. – 0.0%
(1 yr. CMT + 2.250%)(b)
$	4,823		7.097	%	04/01/33	$       4,853
	4,049		6.320		09/01/33	4,085
	4,737		6.375		11/01/34	4,777
	3,839		6.482		02/01/35	3,867
	11,747		6.587		06/01/35	11,845
(1 yr. CMT + 2.107%)(b)
	2,861		6.207		10/01/34	2,886
						32,313
Adjustable Rate Federal National Mortgage Association – 0.1%
(11th District Cost of Funds - Consumer + 1.350%)(b)
	1,691		4.514		07/01/27	1,667
(1 yr. MTA + 1.150%)(b)
	1,191		5.996		11/01/27	1,160
	1,178		6.264		01/01/38	1,170
(1 yr. MTA + 1.125%)(b)
	4,502		6.239		06/01/32	4,463
(11th District Cost of Funds - Consumer + 1.250%)(b)
	4,427		4.397		08/01/32	4,292
(11th District Cost of Funds - Consumer + 1.325%)(b)
	3,476		4.472		05/01/33	3,371
(1 yr. CMT + 2.250%)(b)
	29,535		6.343		06/01/33	29,858
(RFUCC 6 mo. Treasury + 1.412%)(b)
	1,539		6.048		06/01/33	1,550
(1 yr. CMT + 2.110%)(b)
	819		6.606		07/01/33	827

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Adjustable Rate Federal National Mortgage Association – (continued)
(11th District Cost of Funds - Consumer + 1.254%)(b)
$	26,247		4.414	%	08/01/33	$      25,542
(RFUCC 1 yr. Treasury + 1.645%)(b)
	10,749		5.931		12/01/33	10,930
(1 yr. CMT + 2.302%)(b)
	321		6.497		04/01/34	325
(RFUCC 1 yr. Treasury + 1.670%)(b)
	3,896		5.920		11/01/34	3,978
(1 yr. CMT + 2.193%)(b)
	4,731		6.319		02/01/35	4,781
(RFUCC 1 yr. Treasury + 1.619%)(b)
	11,317		6.051		03/01/35	11,493
(RFUCC 1 yr. Treasury + 1.810%)(b)
	5,509		6.536		04/01/35	5,618
(RFUCC 1 yr. Treasury + 2.281%)(b)
	10,589		6.904		05/01/35	10,877
(11th District Cost of Funds - Consumer + 1.300%)(b)
	1,434		4.464		11/01/35	1,383
(11th District Cost of Funds - Consumer + 1.248%)(b)
	3,953		5.077		12/01/37	3,889
(1 yr. MTA + 1.175%)(b)
	2,673		6.289		11/01/40	2,654
						129,828
Adjustable Rate Government National Mortgage Association – 0.0%
(1 yr. CMT + 1.500%)(b)
	22		4.000		07/20/24	22
	112		3.625		08/20/24	111
	76		4.000		08/20/24	76
	99		3.625		09/20/24	97
	264		4.000		11/20/24	263
	128		4.000		12/20/24	127
	383		4.500		12/20/24	381
	259		4.625		01/20/25	258
	269		4.625		02/20/25	267
	1,283		4.000		05/20/25	1,274
	1,496		4.000		07/20/25	1,482
	1,129		4.625		02/20/26	1,116
	49		3.625		07/20/26	48
	3,681		4.625		01/20/27	3,633
	954		4.625		02/20/27	941
	10,993		3.875		04/20/27	10,864
	864		3.875		05/20/27	854
	2,368		3.875		06/20/27	2,340
	721		3.750		11/20/27	706
	2,073		3.750		12/20/27	2,030
	4,925		4.625		01/20/28	4,861
	1,800		4.625		02/20/28	1,776
	1,544		4.625		03/20/28	1,524
	10,787		3.625		07/20/29	10,596
	4,075		3.625		08/20/29	4,004
	1,052		3.625		09/20/29	1,034
	4,908		3.750		10/20/29	4,808
	6,511		3.750		11/20/29	6,379
	1,247		3.750		12/20/29	1,221
	2,208		4.625		01/20/30	2,183
	565		4.625		02/20/30	558
	4,088		4.625		03/20/30	4,042

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Adjustable Rate Government National Mortgage Association – (continued)
$	5,776		3.875	%	04/20/30	$       5,725
	9,193		3.875		05/20/30	9,114
	7,197		4.000		05/20/30	7,143
	1,704		3.875		06/20/30	1,689
	14,600		4.000		07/20/30	14,423
	2,711		4.000		09/20/30	2,679
	4,155		3.750		10/20/30	4,074
						114,723
Federal Home Loan Mortgage Corp. – 6.4%
	1,125,000		4.450		12/01/32	1,103,062
	24,751		5.000		10/01/33	24,566
	1,174		5.000		07/01/35	1,165
	585		4.500		08/01/35	571
	1,285		4.500		09/01/35	1,254
	674		4.500		10/01/35	658
	29,534		5.000		12/01/35	29,514
	10,343		4.500		01/01/38	10,095
	468		4.500		06/01/38	457
	17,847		4.500		09/01/38	17,369
	89		4.500		01/01/39	87
	8,800		4.500		02/01/39	8,562
	3,353		4.500		03/01/39	3,263
	859		4.500		04/01/39	836
	25,256		4.500		05/01/39	24,576
	66,137		5.000		05/01/39	65,899
	80,115		4.500		06/01/39	77,959
	109,423		5.000		07/01/39	109,630
	2,356		4.500		07/01/39	2,292
	1,798		4.500		08/01/39	1,749
	3,976		4.500		09/01/39	3,869
	923		4.500		10/01/39	898
	626		4.500		11/01/39	609
	865		4.500		12/01/39	841
	2,776		4.500		01/01/40	2,702
	1,839		4.500		04/01/40	1,788
	2,788		4.500		05/01/40	2,711
	4,243		4.500		06/01/40	4,127
	7,162		4.000		06/01/40	6,775
	1,568		4.500		07/01/40	1,524
	435		4.500		08/01/40	423
	2,204		5.000		08/01/40	2,191
	46,981		4.000		02/01/41	44,429
	14,700		4.500		02/01/41	14,282
	3,164		4.500		03/01/41	3,074
	5,094		4.500		04/01/41	4,949
	5,977		4.500		05/01/41	5,807
	10,619		4.500		06/01/41	10,316
	848		5.000		06/01/41	849
	31,239		4.500		08/01/41	30,348
	32,242		4.500		09/01/41	31,355
	24,063		4.000		10/01/41	22,829
	4,000		4.000		11/01/41	3,796
	2,079		4.500		12/01/41	2,020
	27,654		4.500		03/01/42	26,864
	220,621		4.000		03/01/42	207,783
	11,047		3.000		05/01/42	9,814

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Federal Home Loan Mortgage Corp. – (continued)
$	172,088		3.500	%	06/01/42	$     158,699
	300,070		4.500		06/01/42	292,530
	48,585		3.000		08/01/42	43,444
	39,350		3.500		08/01/42	36,161
	118,085		3.500		10/01/42	108,471
	21,083		3.000		10/01/42	18,849
	61,946		3.500		11/01/42	56,916
	318,613		3.000		11/01/42	285,492
	543,460		3.000		12/01/42	487,005
	964,057		3.000		01/01/43	866,243
	87,320		3.000		02/01/43	78,008
	436,512		4.000		08/01/43	411,622
	205,429		4.000		01/01/44	193,692
	254,136		3.500		02/01/44	231,743
	253,999		3.500		06/01/44	234,126
	4,952		4.000		11/01/44	4,670
	30,170		3.500		02/01/45	27,416
	56,045		3.500		03/01/45	50,931
	6,869		3.500		08/01/45	6,224
	8,755		3.500		09/01/45	7,934
	17,522		3.500		11/01/45	15,873
	133,970		3.500		03/01/46	121,482
	228,047		3.500		05/01/46	206,497
	259,070		3.500		06/01/46	234,527
	114,313		3.500		07/01/46	103,483
	18,471		3.500		10/01/46	16,692
	15,485		3.500		12/01/46	13,994
	6,131,141		3.000		05/01/47	5,367,780
	180,388		3.500		12/01/47	163,299
						11,774,340
Federal National Mortgage Association – 3.2%
	807		7.000		08/01/31	840
	48,727		3.500		07/01/42	44,664
	45,560		3.500		08/01/42	41,809
	27,859		3.500		09/01/42	25,585
	3,770		3.500		10/01/42	3,459
	7,487		3.500		11/01/42	6,872
	4,219		3.500		01/01/43	3,869
	100,251		3.500		02/01/43	91,892
	10,729		3.500		05/01/43	9,848
	428,756		3.500		07/01/43	392,582
	214,392		3.500		01/01/44	196,562
	10,633		3.500		12/01/44	9,646
	188,657		4.000		03/01/45	176,572
	88,988		4.000		04/01/45	83,288
	1,020,071		4.500		06/01/51	973,821
	2,448,603		4.000		07/01/56	2,251,082
	1,636,740		4.000		02/01/57	1,502,669
						5,815,060
Government National Mortgage Association – 44.1%
	460		6.000		04/15/26	460
	134		6.500		01/15/32	136
	416		6.500		02/15/32	425
	123,329		5.500		04/15/33	124,645
	3,086		5.000		11/15/33	3,064

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Government National Mortgage Association – (continued)
$	345		6.500	%		08/15/34		$         357
	474		6.500			02/15/36		490
	1,061		6.500			03/15/36		1,092
	1,697		6.500			04/15/36		1,761
	5,241		6.500			05/15/36		5,407
	2,394		6.500			06/15/36		2,459
	13,403		6.500			07/15/36		13,929
	13,988		6.500			08/15/36		14,534
	29,522		6.500			09/15/36		30,645
	12,470		6.500			10/15/36		12,933
	19,107		6.500			11/15/36		19,948
	7,309		6.500			12/15/36		7,567
	3,352		6.500			01/15/37		3,465
	1,315		6.500			03/15/37		1,359
	1,934		6.500			04/15/37		2,003
	725		6.500			05/15/37		742
	3,587		6.500			09/15/37		3,717
	5,227		6.500			10/15/37		5,524
	2,436		6.500			11/15/37		2,524
	1,325		6.500			05/15/38		1,375
	552		6.500			02/15/39		567
	118,840		5.000			01/20/40		118,692
	113,029		4.500			05/15/40		110,570
	90,144		5.000			07/15/40		90,178
	132,706		3.500			09/15/42		121,669
	130,143		3.500			02/15/45		119,174
	25,820		4.000			05/20/45		24,297
	18,679		4.000			07/20/45		17,553
	32,942		4.000			10/20/45		30,957
	101,502		4.000			01/20/46		95,384
	424,904		4.500			03/20/46		412,900
	844,323		4.500			02/20/47		819,007
	171,486		4.500			03/20/47		166,266
	953,683		4.500			05/20/47		923,463
	164,065		4.500			06/20/47		158,866
	47,381		4.500			07/20/47		45,880
	468,817		4.500			08/20/47		453,375
	515,191		4.500			09/20/48		496,128
	1,222,876		5.000			11/20/48		1,205,171
	612,952		4.500			12/20/48		589,697
	505,349		5.000			12/20/48		497,401
	89,593		4.500			01/20/49		86,082
	291,362		4.500			02/20/49		279,944
	430,411		4.500			03/20/49		413,544
	305,388		4.500			10/20/49		294,089
	614,383		3.500			12/20/50		554,488
	927,816		3.000			07/20/51		801,088
	753,100		2.500			09/20/51		625,751
	537,518		2.500			11/20/51		447,463
	919,740		3.000			11/20/51		794,115
	703,328		2.500			12/20/51		584,875
	9,000,000		2.500			TBA-30yr	(f)	7,568,905
	11,000,000		2.000			TBA-30yr	(f)	8,907,098
	4,000,000		3.000			TBA-30yr	(f)	3,487,946
	5,000,000		3.500			TBA-30yr	(f)	4,493,913
	3,000,000		4.000			TBA-30yr	(f)	2,772,407
	4,000,000		4.500			TBA-30yr	(f)	3,802,284
	9,000,000		5.000			TBA-30yr	(f)	8,762,784

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Government National Mortgage Association – (continued)
$	1,000,000		5.500	%		TBA-30yr	(f)	$     992,150
	5,000,000		6.000			TBA-30yr	(f)	5,021,485
	14,000,000		6.500			TBA-30yr	(f)	14,194,407
	9,000,000		7.000			TBA-30yr	(f)	9,162,634
								80,805,208
Uniform Mortgage-Backed Security – 74.7%
	631,291		1.500			07/01/35		542,321
	148,919		1.500			08/01/35		127,932
	1,021,535		1.500			09/01/35		877,369
	1,513,073		1.500			10/01/35		1,299,247
	693,606		1.500			11/01/35		595,453
	759,137		1.500			12/01/35		651,564
	412,265		1.500			02/01/36		354,874
	101,199		4.500			07/01/36		98,187
	801,336		1.500			10/01/36		693,459
	6,643		4.500			12/01/36		6,445
	75,668		4.500			02/01/39		73,538
	2,185		4.500			03/01/39		2,129
	3,115		4.500			05/01/39		3,035
	1,513		4.500			07/01/39		1,474
	1,458		4.000			08/01/39		1,377
	3,262		4.500			09/01/39		3,170
	6,399		4.500			10/01/39		6,218
	14,271		4.500			02/01/40		13,905
	2,651		4.500			03/01/40		2,577
	33,181		4.500			04/01/40		32,228
	14,048		4.500			06/01/40		13,683
	72,444		4.500			09/01/40		70,370
	3,346		4.500			12/01/40		3,249
	29,781		4.500			01/01/41		28,925
	10,452		4.500			04/01/41		10,141
	15,195		4.500			06/01/41		14,743
	16,132		4.500			07/01/41		15,652
	76,387		4.500			08/01/41		74,251
	65,242		4.500			09/01/41		63,300
	32,215		4.500			10/01/41		31,257
	57,190		3.500			10/01/41		52,725
	13,583		3.500			11/01/41		12,525
	42,251		4.500			11/01/41		40,994
	36,163		4.500			12/01/41		35,087
	30,503		4.500			01/01/42		29,594
	53,929		3.500			01/01/42		49,750
	6,267		3.500			02/01/42		5,755
	193,425		4.000			03/01/42		181,950
	2,389		4.500			03/01/42		2,321
	46,054		4.000			04/01/42		43,322
	5,036		4.500			04/01/42		4,877
	5,947		3.500			05/01/42		5,433
	21,571		3.500			06/01/42		19,871
	14,076		3.500			09/01/42		13,023
	46,749		3.000			09/01/42		41,821
	112,297		3.500			10/01/42		103,256
	241,379		3.000			12/01/42		215,592
	40,025		3.500			12/01/42		36,841
	52,864		3.000			01/01/43		47,398
	20,248		3.000			02/01/43		18,146
	153,722		3.500			02/01/43		141,095

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date		Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	566,110		3.000	%		03/01/43	$     505,710
	313,872		3.500			03/01/43	288,298
	618,985		3.000			04/01/43	552,391
	733,697		3.000			05/01/43	654,219
	225,093		2.500			05/01/43	193,381
	92,393		3.500			05/01/43	84,559
	27,534		3.000			06/01/43	24,511
	411,510		3.500			06/01/43	376,825
	223,452		3.000			07/01/43	199,109
	300,592		3.500			07/01/43	275,929
	25,677		3.500			08/01/43	23,529
	20,600		3.500			09/01/43	18,912
	38,540		3.500			01/01/44	35,402
	18,774		3.500			08/01/44	17,043
	25,233		3.500			09/01/44	22,996
	57,017		3.500			10/01/44	51,850
	21,791		5.000			12/01/44	21,609
	11,779		3.500			01/01/45	10,689
	151,100		4.000			02/01/45	142,130
	71,031		3.500			03/01/45	64,439
	33,138		3.500			04/01/45	30,073
	444,222		3.500			05/01/45	403,968
	782,749		4.500			06/01/45	756,991
	46,482		3.500			07/01/45	42,067
	171,189		4.000			11/01/45	159,880
	7,423		3.500			11/01/45	6,715
	146,831		3.500			01/01/46	132,883
	53,089		4.000			03/01/46	49,581
	384,388		3.500			03/01/46	349,494
	61,595		3.500			04/01/46	56,013
	295,001		3.500			05/01/46	266,794
	63,688		4.000			06/01/46	59,407
	144,459		4.500			06/01/46	138,984
	182,332		3.000			07/01/46	159,278
	193,566		4.000			07/01/46	180,555
	18,612		4.000			08/01/46	17,361
	100,199		3.000			08/01/46	87,530
	428,410		3.000			09/01/46	374,243
	132,375		3.000			10/01/46	115,639
	22,210		4.000			10/01/46	20,717
	549,306		3.000			11/01/46	479,793
	244,116		3.000			12/01/46	213,251
	980,061		3.000			01/01/47	856,145
	507,764		4.500			02/01/47	491,055
	48,448		3.000			02/01/47	42,322
	131,449		3.000			04/01/47	114,857
	311,721		3.500			06/01/47	280,724
	139,175		4.500			11/01/47	133,857
	4,835		4.500			02/01/48	4,628
	250,984		4.500			05/01/48	241,676
	399,835		3.500			06/01/48	360,075
	216,210		4.500			07/01/48	206,597
	767,390		4.500			08/01/48	733,274
	317,109		4.500			09/01/48	302,912
	6,240		4.500			10/01/48	6,010
	1,144,051		5.000			11/01/48	1,130,452
	537,907		4.500			11/01/48	514,716
	252,479		4.500			12/01/48	241,096

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	307,788		4.500	%		02/01/49		$     293,824
	3,502		4.500			05/01/49		3,348
	1,621,200		3.000			09/01/49		1,410,340
	5,068		4.500			11/01/49		4,846
	345,681		4.500			01/01/50		330,204
	52,865		4.500			02/01/50		50,491
	597,096		3.000			03/01/50		516,788
	3,758,029		4.500			03/01/50		3,607,578
	413,663		4.500			04/01/50		394,237
	398,271		4.500			09/01/50		380,814
	3,401,873		2.500			09/01/50		2,841,245
	2,141,416		3.000			10/01/50		1,856,020
	3,724,112		2.000			10/01/50		2,936,340
	942,096		2.500			11/01/50		783,306
	3,671,856		2.000			12/01/50		2,894,143
	943,075		2.500			01/01/51		774,770
	4,451,359		2.000			02/01/51		3,504,925
	11,176,020		2.000			05/01/51		8,783,901
	7,673,124		2.500			05/01/51		6,357,198
	7,919,546		2.500			07/01/51		6,562,143
	1,650,106		2.500			09/01/51		1,370,434
	1,762,646		2.000			11/01/51		1,382,501
	4,934,383		2.500			12/01/51		4,087,932
	1,339,110		2.000			01/01/52		1,061,536
	29,645		2.000			02/01/52		23,485
	2,253,672		2.000			03/01/52		1,787,455
	3,417,205		2.000			04/01/52		2,708,880
	673,551		6.000			11/01/52		683,803
	910,294		4.500			05/01/53		867,547
	1,168,578		6.500			08/01/53		1,197,617
	655,374		6.500			10/01/53		671,250
	6,228,471		6.500			11/01/53		6,398,499
	2,875,962		6.500			01/01/54		2,987,872
	3,003,593		2.500			01/01/54		2,456,791
	4,904,194		6.000			04/01/54		4,959,533
	1,001,523		6.500			06/01/54		1,025,785
	1,000,000		2.500			TBA-30yr	(f)	816,719
	1,000,000		3.000			TBA-30yr	(f)	850,938
	4,000,000		2.000			TBA-30yr	(f)	3,515,936
	3,000,000		3.500			TBA-30yr	(f)	2,655,233
	1,000,000		5.000			TBA-30yr	(f)	966,445
	20,000,000		5.500			TBA-30yr	(f)	19,910,470
	10,000,000		6.000			TBA-30yr	(f)	10,104,481
								136,916,196
TOTAL FEDERAL AGENCIES								$ 235,587,668
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $278,162,481)								$ 266,179,771
Asset-Backed Securities(c)(e) – 2.9%
Collateralized Loan Obligations – 2.6%
Apidos CLO XXXV Ltd. Series 2021-35A, Class D(b) (3 mo. USD Term SOFR + 2.912%)
$	750,000		8.236	%		04/20/34		$     750,977

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date		Value
Asset-Backed Securities(c)(e) – (continued)
Collateralized Loan Obligations – (continued)
BlueMountain CLO XXXIII Ltd. Series 2021-33A, Class B(b) (3 mo. USD Term SOFR + 1.962%)
$	500,000		7.287	%		11/20/34	$     500,159
CIFC Funding Ltd. Series 2023-3A, Class D(b) (3 mo. USD Term SOFR + 4.250%)
	500,000		9.566			01/20/37	503,328
Pikes Peak CLO 12 Ltd. Series 2023-12A, Class A(b) (3 mo. USD Term SOFR + 2.100%)
	1,200,000		7.425			04/20/36	1,208,482
Sunnova Hestia I Issuer LLC Series 2023-GRID1, Class 1A
	95,607		5.750			12/20/50	96,173
TCW CLO Ltd. Series 2023-1A, Class A1N(b) (3 mo. USD Term SOFR + 2.070%)
	700,000		7.395			04/28/36	704,586
Zais CLO 15 Ltd. Series 2020-15A, Class A1R(b) (3 mo. USD Term SOFR + 1.612%)
	925,000		6.937			07/28/32	925,590
							4,689,295
Student Loan(b) – 0.3%
Sycamore Tree CLO Ltd. Series 2023-2A, Class DR (3 mo. USD Term SOFR + 4.500%)
	600,000		9.825			01/20/37	611,796
TOTAL ASSET-BACKED SECURITIES (Cost $5,218,100)							$   5,301,091
U.S. Treasury Obligations – 9.5%
U.S. Treasury Bills(g)
$	2,000,000		0.000	%		07/02/24	$   1,999,708
	1,000,000		0.000			07/18/24	997,523
	1,500,000		0.000	(h)		07/25/24	1,494,774
	7,000,000		0.000			08/01/24	6,968,409
U.S. Treasury Inflation-Indexed Bonds
	179,295		1.500			02/15/53	150,685
U.S. Treasury Notes
	1,376,200		4.375			11/30/28	1,376,200
	1,740,000		4.250			06/30/29	1,732,727
	890,000		4.125			03/31/31	878,319
	1,740,000		4.250			06/30/31	1,730,213
TOTAL U.S. TREASURY OBLIGATIONS (Cost $17,336,352)							$  17,328,558

Shares		Dividend Rate	Value
Investment Company(i) – 1.7%
Goldman Sachs Financial Square Government Fund — Institutional Shares
	3,157,357	5.213%	$   3,157,357
(Cost $3,157,357)
TOTAL INVESTMENTS – 159.3% (Cost $303,874,290)			$ 291,966,777
OTHER ASSETS IN EXCESS OF  LIABILITIES – (59.3)%			(108,679,025)
NET ASSETS – 100.0%			$ 183,287,752

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
(a)	Security with a notional or nominal principal amount. The actual effective yield of this security is different than the stated interest rate.
(b)	Variable rate security. Except for floating rate notes (for which final maturity is disclosed), maturity date disclosed is the next interest reset date. Interest rate disclosed is that which is in effect on June 30, 2024.
(c)	Security with “Call” features with resetting interest rates. Maturity dates disclosed are the final maturity dates.
(d)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(e)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(f)	TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned. Total market value of TBA securities (excluding forward sales contracts, if any) amounts to $107,986,235 which represents approximately 59.0% of net assets as of June 30, 2024.
(g)	Issued with a zero coupon. Income is recognized through the accretion of discount.
(h)	All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.
(i)	Represents an affiliated issuer.

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

FORWARD SALES CONTRACTS — At June 30, 2024, the Fund had the following forward sales contracts:

Description	Interest Rate			Maturity Date(a)	Settlement Date		Principal Amount		Value
Uniform Mortgage-Backed Security		2.000	%	TBA - 30yr		07/15/24	$	(3,000,000)	$	(2,346,328)
Uniform Mortgage-Backed Security		4.500		TBA - 30yr		07/15/24		(22,000,000)		(20,737,574)
Uniform Mortgage-Backed Security		1.500		TBA - 15yr		07/15/24		(2,000,000)		(1,709,462)
Uniform Mortgage-Backed Security		6.000		TBA - 30yr		07/15/24		(8,000,000)		(8,022,505)
Uniform Mortgage-Backed Security		6.500		TBA - 30yr		07/15/24		(29,000,000)		(29,514,280)
Uniform Mortgage-Backed Security		7.000		TBA - 30yr		07/15/24		(2,000,000)		(2,056,265)
(PROCEEDS RECEIVED: $(64,520,117))									$	(64,386,414)

(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned.

FUTURES CONTRACTS — At June 30, 2024, the Fund had the following futures contracts:

Description	Number of Contracts	Expiration Date	Notional Amount			Unrealized Appreciation/ (Depreciation)
Long position contracts:
10 Year U.S. Treasury Notes	64	09/19/24	$	7,039,000		$	(19,484	)
5 Year U.S. Treasury Notes	80	09/30/24		8,526,250			46,690
Total						$	27,206
Short position contracts:
2 Year U.S. Treasury Notes	(51)	09/30/24		(10,415,156	)		(24,880	)
20 Year U.S. Treasury Bonds	(4)	09/19/24		(473,250	)		7,117
Ultra Long U.S. Treasury Bonds	(21)	09/19/24		(2,632,219	)		(14,581	)
Total						$	(32,344	)
TOTAL FUTURES CONTRACTS						$	(5,138	)

SWAP CONTRACTS — At June 30, 2024, the Fund had the following swap contracts:

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS

Payments Made by the Fund	Payments Received by Fund	Termination Date	Notional Amount (000s)(a)		Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
4.223%(b)	12M SOFR(b)	04/11/26	$	1,280	$	371		$	(198	)	$	569
4.426(b)	12M SOFR(b)	04/16/26		2,240		(3,794	)		880			(4,674	)
4.172(b)	12M SOFR(b)	05/20/26		1,320		73			159			(86	)
12M SOFR(c)	4.730%(c)	06/30/26		6,630		27,871			2,510			25,361
12M SOFR(c)	3.804(c)	04/13/28		2,740		3,169			846			2,323
4.301(c)	12M SOFR(c)	11/30/28		12,970		(123,758	)		(3,430	)		(120,328	)
12M SOFR(c)	4.024(c)	04/16/30		3,880		33,100			(16,633	)		49,733
2.680(c)	12M SOFR(c)	07/28/32		2,430		101,546			29,990			71,556
12M SOFR(c)	3.789(c)	05/21/34		2,210		(1,750	)		482			(2,232	)
3.992(c)	12M SOFR(c)	04/16/35		2,140		(26,270	)		11,984			(38,254	)
12M SOFR(c)	2.910(c)	07/28/37		5,910		(199,883	)		(90,718	)		(109,165	)
12M SOFR(c)	3.391(c)	05/10/38		930		(16,952	)		(12,922	)		(4,030	)
2.080(c)	12M SOFR(c)	07/28/47		5,920		184,345			101,403			82,942
2.564(c)	12M SOFR(c)	05/11/53		900		23,174			(3,111	)		26,285

GOLDMAN SACHS U.S. MORTGAGES FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS (continued)

Payments Made by the Fund	Payments Received by Fund	Termination Date		Notional Amount (000s)(a)		Market Value		Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
3.380%(c)	12M SOFR(c)		04/11/54	$	750	$	254	$	(1,099	)	$	1,353
3.343(c)	12M SOFR(c)		05/20/54		1,260		2,704		1,595			1,109
TOTAL						$	4,200	$	21,738		$	(17,538	)

(a) Represents forward starting interest rate swaps whose effective dates of commencement of accruals and cash flows occur subsequent to June 30, 2024.

(b) Payments made at maturity.

(c) Payments made annually.

OVER-THE-COUNTER CREDIT DEFAULT SWAP CONTRACTS

Reference Obligation/Index	Financing Rate Received/(Paid) by the Fund(a)		Credit Spread at June 30, 2024(b)		Counterparty		Termination Date		Notional Amount (000s)		Value			Upfront Premiums (Received) Paid			Unrealized Appreciation/ (Depreciation)
Protection Sold:
CMBX.NA.BBB.17		3.000%		5.375%		JPMorgan Securities, Inc.		12/15/56	$	700	$	(97,534	)	$	(89,466	)	$	(8,068	)

(a) Payments made monthly.

(b) Credit spread on the referenced obligation, together with the term of the swap contract, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its counterparty to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and the term of the swap contract increase.

Investment Abbreviations:
CLO	— Collateralized Loan Obligation
CMT	— Constant Maturity Treasury Indexes
IO	— Interest Only Stripped Security
LLC	— Limited Liability Company
MTA	— Monthly Treasury Average
PI	— Private Investment
REMICS	— Real Estate Mortgage Investment Conduits
RFUCC	— Refinitive USD IBOR Consumer Cash Fallbacks 1 year
SOFR	— Secured Overnight Financing Rate
STACR	— Structured Agency Credit Risk
Abbreviations:
CMBX	— Commercial Mortgage Backed Securities Index
SOFR	— Secured Overnight Financing Rate

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS

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

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

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

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

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

The Board of Trustees (“Trustees”) has approved Valuation Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. With respect to the Funds’ investments that do not have readily available market quotations, the Trustees have designated GSAM 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.

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:

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

Debt Securities — Debt securities for which market quotations are readily available are valued daily on the basis of quotations supplied by dealers or an independent pricing service. The pricing services may use valuation models or matrix pricing, which consider: (i) yield or price with respect to bonds that are considered comparable in characteristics such as rating, interest rate and maturity date or (ii) quotations from securities dealers to determine current value. With the exception of treasury securities of G7 countries, which are generally classified as Level 1, these investments are generally classified as Level 2 of the fair value hierarchy.

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

i. Commercial Paper — Commercial paper normally represents short-term unsecured promissory notes issued in bearer form by banks or bank holding companies, corporations, finance companies and other issuers. Commercial paper consists of direct U.S. dollar-denominated obligations of domestic or foreign issuers. Asset-backed commercial paper is issued by a special purpose entity that is organized to issue the commercial paper and to purchase trade receivables or other financial assets.

ii. Inverse Floaters — The interest rate on inverse floating rate securities (“inverse floaters”) resets in the opposite direction from the market rate of interest to which the inverse floaters are indexed. An inverse floater may be considered to be leveraged to the extent that its interest rate varies by a magnitude that exceeds the magnitude of the change in the index rate of interest. The higher the degree of leverage of an inverse floater, the greater the volatility of its market value.

iii. Mortgage-Backed and Asset-Backed Securities — Mortgage-backed securities represent direct or indirect participations in, or are collateralized by and payable from, mortgage loans secured by residential and/or commercial real estate property. Asset-backed securities include securities whose principal and interest payments are collateralized by pools of other assets or receivables. The value of certain mortgage-backed and asset-backed securities (including adjustable rate mortgage loans) may be particularly sensitive to changes in prevailing interest rates. The value of these securities may also fluctuate in response to the market’s perception of the creditworthiness of the issuers.

Asset-backed securities may present credit risks that are not presented by mortgage-backed securities because they generally do not have the benefit of a security interest in collateral that is comparable to mortgage assets. Some asset-backed securities may only have a subordinated claim on collateral.

Stripped mortgage-backed securities are usually structured with two different classes: one that receives substantially all interest payments (interest-only, or “IO” and/or high coupon rate with relatively low principal amount, or “IOette”), and the other that receives substantially all principal payments (principal-only, or “PO”) from a pool of mortgage loans. Little to no principal will be received at the maturity of an IO; as a result, periodic adjustments are recorded to reduce the cost of the security until maturity. These adjustments are included in interest income.

iv. Mortgage Dollar Rolls — Mortgage dollar rolls are transactions whereby a Fund sells mortgage-backed-securities and simultaneously contracts with the same counterparty to repurchase similar securities on a specified future date. During the settlement period, a Fund will not be entitled to accrue interest and receive principal payments on the securities sold. The Funds account for mortgage dollar roll transactions as purchases and sales and realize gains and losses on these transactions.

v. Treasury Inflation Protected Securities — TIPS are treasury securities in which the principal amount is adjusted daily to keep pace with inflation, as measured by the U.S. Consumer Pricing Index for Urban Consumers. The repayment of the original bond principal upon maturity is guaranteed by the full faith and credit of the U.S. Government.

vi. When-Issued Securities and Forward Commitments — When-issued securities, including TBA (“To Be Announced”) securities, are securities that are authorized but not yet issued in the market and purchased in order to secure what is considered to be an advantageous price or yield to a Fund. A forward commitment involves entering into a contract to purchase or sell securities, typically on an extended settlement basis, for a fixed price at a future date. The purchase of securities on a when-issued or forward commitment basis involves a risk of loss if the value of the security to be purchased declines before the settlement date. Conversely, the sale of securities on a forward commitment basis involves the risk that the value of the securities sold may increase before the settlement date. Although a Fund will generally purchase securities on a when-issued or forward commitment basis with the intention of acquiring the securities for its portfolio, the Fund may dispose of when-issued securities or forward commitments prior to settlement, which may result in a realized gain or loss. For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if any, is reported separately on the Statements of Assets and Liabilities as receivables/payables for collateral on other investments. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments.

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

vii. Repurchase Agreements — Repurchase agreements involve the purchase of securities subject to the seller’s agreement to repurchase the securities at a mutually agreed upon date and price, under the terms of a Master Repurchase Agreement (“MRA”). During the term of a repurchase agreement, the value of the underlying securities held as collateral on behalf of a Fund, including accrued interest, is required to exceed the value of the repurchase agreement, including accrued interest. The gross value of repurchase agreements is included in the Statements of Assets and Liabilities for financial reporting purposes. The underlying securities for all repurchase agreements are held at the Funds’ custodian or designated sub-custodians under tri-party repurchase agreements. An MRA governs transactions between a Fund and select counterparties. An MRA contains provisions for, among other things, initiation of the transaction, income payments, events of default and maintenance of securities for repurchase agreements. An MRA also permits offsetting with collateral to create one single net payment in the event of default or similar events, including the bankruptcy or insolvency of a counterparty.

If the seller defaults, a Fund could suffer a loss to the extent that the proceeds from the sale of the underlying securities and other collateral held by the Fund are less than the repurchase price and the Fund’s costs associated with delay and enforcement of the repurchase agreement. In addition, in the event of default or insolvency of the seller, a court could determine that a Fund’s interest in the collateral is not enforceable, resulting in additional losses to the Fund.

Pursuant to exemptive relief granted by the Securities and Exchange Commission (“SEC”) and terms and conditions contained therein, the Funds, together with other funds of the Trust and registered investment companies having management agreements with GSAM or its affiliates, may transfer uninvested cash into joint accounts, the daily aggregate balance of which is invested in one or more repurchase agreements. Under these joint accounts, the Funds maintain pro-rata credit exposure to the underlying repurchase agreements’ counterparties. With the exception of certain transaction fees, the Funds are not subject to any expenses in relation to these investments.

Derivative Contracts — A derivative is an instrument whose value is derived from underlying assets, indices, reference rates or a combination of these factors. A Fund enters into derivative transactions to hedge against changes in interest rates, securities prices, and/or currency exchange rates, to increase total return, or to gain access to certain markets or attain exposure to other underliers. For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if any, is reported separately on the Statements of Assets and Liabilities as 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. Forward Contracts — A forward contract is a contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract settlement can occur on a cash or delivery basis. Forward contracts are marked-to-market daily using independent vendor prices, and the change in value, if any, is recorded as an unrealized gain or loss. Cash and certain investments may be used to collateralize forward contracts.

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NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

A forward foreign currency exchange contract is a forward contract in which a Fund agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. All forward foreign currency exchange contracts are marked to market daily by using the outright forward rates or interpolating based upon maturity dates, where available. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in cash without the delivery of foreign currency.

ii. 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.

iii. Options — When a Fund writes call or put options, an amount equal to the premium received is recorded as a liability and is subsequently marked-to-market to reflect the current value of the option written. Swaptions are options on swap contracts.

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

iv. Swap Contracts — Bilateral swap contracts are agreements in which a Fund and a counterparty agree to exchange periodic payments on a specified notional amount or make a net payment upon termination. Bilateral swap transactions are privately negotiated in the OTC market and payments are settled through direct payments between a Fund and the counterparty. By contrast, certain swap transactions are subject to mandatory central clearing. These swaps are executed through a derivatives clearing member (“DCM”), acting in an agency capacity, and submitted to a central counterparty (“CCP”) (“centrally cleared swaps”), in which case all payments are settled with the CCP through the DCM. Swaps are marked-to-market daily using pricing vendor quotations, counterparty or clearinghouse prices or model prices, and the change in value, if any, is recorded as an unrealized gain or loss. Upon entering into a swap contract, a Fund is required to satisfy an initial margin requirement by delivering cash or securities to the counterparty (or in some cases, segregated in a triparty account on behalf of the counterparty), which can be adjusted by any mark-to-market gains or losses pursuant to bilateral or centrally cleared arrangements. For centrally cleared swaps the daily change in valuation, if any, is recorded as a receivable or payable for variation margin.

An interest rate swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals, based upon or calculated by reference to changes in interest rates on a specified notional principal amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other.

A credit default swap is an agreement that involves one party (the buyer of protection) making a stream of payments to another party (the seller of protection) in exchange for the right to receive protection on a reference security or obligation, including a group of assets or exposure to the performance of an index. A Fund’s investment in credit default swaps may involve greater risks than if the Fund had invested in the referenced obligation directly. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring and obligation acceleration. If a Fund buys protection through a credit default swap and no credit event occurs, its payments are limited to the periodic payments previously made to the counterparty. Upon the occurrence of a specified credit event, a Fund, as a buyer of credit protection, is entitled to receive an amount equal to the notional amount of the swap and deliver to the seller the defaulted reference obligation in a physically settled trade. A Fund may also receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade.

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NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

As a seller of protection, a Fund generally receives a payment stream throughout the term of the swap, provided that there is no credit event. In addition, if a Fund sells protection through a credit default swap, a Fund could suffer a loss because the value of the referenced obligation and the premium payments received may be less than the notional amount of the swap paid to the buyer of protection. Upon the occurrence of a specified credit event, a Fund, as a seller of credit protection, may be required to take possession of the defaulted reference obligation and pay the buyer an amount equal to the notional amount of the swap in a physically settled trade. A Fund may also pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade. Recovery values are at times established through the credit event auction process in which market participants are ensured that a transparent price has been set for the defaulted security or obligation. In addition, a Fund is entitled to a return of any assets, which have been pledged as collateral to the counterparty upon settlement.

The maximum potential amount of future payments (undiscounted) that a Fund as seller of protection could be required to make under a credit default swap would be an amount equal to the notional amount of the agreement. These potential amounts would be partially offset by any recovery values of the respective referenced obligations or net amounts received from a settlement of a credit default swap for the same reference security or obligation where a Fund bought credit protection.

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.

Fair Value Hierarchy — The following is a summary of the Funds’ investments and derivatives classified in the fair value hierarchy as of June 30, 2024:

ENHANCED INCOME
Investment Type	Level 1		Level 2		Level 3
Assets
Fixed Income
Corporate Obligations	$	—	$	296,731,870	$	—
Asset-Backed Securities		—		128,182,733		—
Mortgage-Backed Obligations		—		35,023,652		—
U.S. Treasury Obligations		23,765,073		—		—
Sovereign Debt Obligations		—		2,225,750		—
Municipal Debt Obligations		—		653,792		—
Investment Company		6,986,510		—		—
Short-term Investments		—		17,054,458		—
Total	$	30,751,583	$	479,872,255	$	—
Derivative Type
Assets(a)
Forward Foreign Currency Exchange Contracts	$	—	$	39,458	$	—
Futures Contracts		92,576		—		—
Interest Rate Swap Contracts		—		347,415		—
Total	$	92,576	$	386,873	$	—

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Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

ENHANCED INCOME (continued)
Derivative Type	Level 1			Level 2			Level 3
Liabilities(a)
Futures Contracts	$	(4,135	)	$	—		$	—
Interest Rate Swap Contracts		—			(792,272	)		—
Total	$	(4,135	)	$	(792,272	)	$	—
(a)  Amount shown represents unrealized gain (loss) at period end.
GOVERNMENT INCOME
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
Mortgage-Backed Obligations	$	—		$	79,428,690		$	—
U.S. Treasury Obligations		36,761,398			—			—
Agency Debentures		—			27,176,011			—
Asset-Backed Securities		—			2,856,947			—
Municipal Debt Obligations		—			2,130,550			—
Total	$	36,761,398		$	111,592,198		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—		$	(20,041,706	)	$	—
Derivative Type
Assets(a)
Futures Contracts	$	148,400		$	—		$	—
Interest Rate Swap Contracts		—			291,810			—
Total	$	148,400		$	291,810		$	—
Liabilities(a)
Futures Contracts	$	(13,334	)	$	—		$	—
Interest Rate Swap Contracts		—			(289,379	)		—
Total	$	(13,334	)	$	(289,379	)	$	—

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

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

INFLATION PROTECTED SECURITIES
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
U.S. Treasury Obligations	$	239,312,130		$	—		$	—
Investment Company		444,160			—			—
Total	$	239,756,290		$	—		$	—
Derivative Type
Assets(a)
Futures Contracts	$	580,053		$	—		$	—
Interest Rate Swap Contracts		—			3,210,549			—
Total	$	580,053		$	3,210,549		$	—
Liabilities(a)
Futures Contracts	$	(274,765	)	$	—		$	—
Interest Rate Swap Contracts		—			(1,850,686	)		—
Total	$	(274,765	)	$	(1,850,686	)	$	—
(a)  Amount shown represents unrealized gain (loss) at period end.
SHORT DURATION BOND
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
Corporate Obligations	$	—		$	705,482,182		$	—
Asset-Backed Securities		—			247,945,863			—
Mortgage-Backed Obligations		—			208,672,989			—
U.S. Treasury Obligations		46,862,477			—			—
Sovereign Debt Obligations		—			19,422,644			—
Common Stock and/or Other Equity Investments(a)
Asia		—			9,569			—
Short-term Investments		—			21,681,997			—
Total	$	46,862,477		$	1,203,215,244		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—		$	(47,209,647	)	$	—

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Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

SHORT DURATION BOND (continued)
Derivative Type	Level 1			Level 2			Level 3
Assets
Forward Foreign Currency Exchange Contracts(b)	$	—		$	344,925		$	—
Futures Contracts(b)		971,400			—			—
Interest Rate Swap Contracts(b)		—			13,284,097			—
Credit Default Swap Contracts(b)		—			330,076			—
Purchased Option Contracts		—			197,643			—
Total	$	971,400		$	14,156,741		$	—
Liabilities
Forward Foreign Currency Exchange Contracts(b)	$	—		$	(282,447	)	$	—
Futures Contracts(b)		(284,960	)		—			—
Interest Rate Swap Contracts(b)		—			(4,590,647	)		—
Credit Default Swap Contracts(b)		—			(2,962	)		—
Written Option Contracts		—			(173,582	)		—
Total	$	(284,960	)	$	(5,049,638	)	$	—

(a) Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of net asset value. Security valuations are based on the principal exchange or system on which they are traded, which may differ from country of domicile. The Fund utilizes fair value model prices provided by an independent fair value service for international equities, resulting in a Level 2 classification.

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

SHORT DURATION GOVERNMENT
Investment Type	Level 1		Level 2			Level 3
Assets
Fixed Income
U.S. Treasury Obligations	$	286,014,080	$	—		$	—
Mortgage-Backed Obligations		—		241,246,265			—
Agency Debentures		—		65,145,210			—
Investment Company		6,251,193		—			—
Total	$	292,265,273	$	306,391,475		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—	$	(63,147,317	)	$	—
Derivative Type
Assets(a)
Futures Contracts	$	370,700	$	—		$	—
Interest Rate Swap Contracts		—		830,238			—
Total	$	370,700	$	830,238		$	—

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

SHORT DURATION GOVERNMENT (continued)
Derivative Type	Level 1			Level 2			Level 3
Liabilities(a)
Futures Contracts	$	(867,563	)	$	—		$	—
Interest Rate Swap Contracts		—			(959,616	)		—
Total	$	(867,563	)	$	(959,616	)	$	—

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

SHORT-TERM CONSERVATIVE INCOME
Investment Type	Level 1		Level 2			Level 3
Assets
Fixed Income
Corporate Obligations	$	—	$	1,153,835,835		$	—
U.S. Treasury Obligations		136,431,899		—			—
Municipal Debt Obligations		—		905,000			—
Investment Company		173,377,190		—			—
Short-term Investments		—		511,590,049			—
Total	$	309,809,089	$	1,666,330,884		$	—
U.S. MORTGAGES
Investment Type	Level 1		Level 2			Level 3
Assets
Fixed Income
Mortgage-Backed Obligations	$	—	$	266,179,771		$	—
U.S. Treasury Obligations		17,328,558		—			—
Asset-Backed Securities		—		5,301,091			—
Investment Company		3,157,357		—			—
Total	$	20,485,915	$	271,480,862		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—	$	(64,386,414	)	$	—
Derivative Type
Assets(a)
Futures Contracts	$	53,807	$	—		$	—
Interest Rate Swap Contracts		—		261,231			—
Total	$	53,807	$	261,231		$	—

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

U.S. MORTGAGES (continued)
Derivative Type	Level 1			Level 2			Level 3
Liabilities(a)
Futures Contracts	$	(58,945	)	$	—		$	—
Interest Rate Swap Contracts		—			(278,769	)		—
Credit Default Swap Contracts		—			(8,068	)		—
Total	$	(58,945	)	$	(286,837	)	$	—

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

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

Asset-Backed Securities Risk — Asset-backed securities are subject to credit/default, interest rate and certain additional risks, including “extension risk” (i.e., in periods of rising interest rates, issuers may pay principal later than expected) and “prepayment risk” (i.e., in periods of declining interest rates, issuers may pay principal more quickly than expected, causing the Funds to reinvest proceeds at lower prevailing interest rates). Due to these risks, asset-backed securities may become more volatile in certain interest rate environments. Asset-backed securities are subject to risks similar to those associated with mortgage-backed securities, as well as risks associated with the nature and servicing of the assets backing the securities. Asset-backed securities may not have the benefit of a security interest in collateral comparable to that of mortgage assets, resulting in additional credit risk.

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.

Floating and Variable Rate Obligations Risk — Floating rate and variable rate obligations are debt instruments issued by companies or other entities with interest rates that reset periodically (typically daily, monthly, quarterly, or semiannually) in response to changes in the market rate of interest on which the interest rate is based. Such market rates are generally the Secured Overnight Financing Rate, (“SOFR”), a term SOFR rate published by CME Group Benchmark Administration Limited (CBA) calculated using certain derivatives markets (“Term SOFR”), the Prime Rate of a designated U.S. bank, the Federal Funds Rate, or another base lending rate used by commercial lenders. For floating and variable rate obligations, there may be a lag between an actual change in the underlying interest rate benchmark and the reset time for an interest payment of such an obligation, which could harm or benefit a Fund, depending on the interest rate environment or other circumstances. In a rising interest rate environment, for example, a floating or variable rate obligation that does not reset immediately would prevent a Fund from taking full advantage of rising interest rates in a timely manner. However, in a declining interest rate environment, a Fund may benefit from a lag due to an obligation’s interest rate payment not being immediately impacted by a decline in interest rates.

Foreign and Emerging Countries Risk — Investing in foreign markets may involve special risks and considerations not typically associated with investing in the U.S. Foreign securities may be subject to risk of loss because of more or less foreign government regulation; less public information; less stringent investor protections; less stringent accounting, corporate governance,

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

financial reporting and disclosure standards; and less economic, political and social stability in the countries in which a Fund invests. The imposition of sanctions, exchange controls (including repatriation restrictions), confiscation of assets and property, trade restrictions (including tariffs) and other government restrictions by the U.S. or other governments, or from problems in registration, settlement or custody, may also result in losses. The type and severity of sanctions and other similar measures, including counter sanctions and other retaliatory actions, that may be imposed could vary broadly in scope, and their impact is impossible to predict. For example, the imposition of sanctions and other similar measures could, among other things, cause a decline in the value and/or liquidity of securities issued by the sanctioned country or companies located in or economically tied to the sanctioned country and increase market volatility and disruption in the sanctioned country and throughout the world. Sanctions and other similar measures could limit or prevent a Fund from buying and selling securities (in the sanctioned country and other markets), significantly delay or prevent the settlement of securities transactions, and significantly impact a Fund’s liquidity and performance. Foreign risk also involves the risk of negative foreign currency exchange rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which a Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time.

Interest Rate Risk — When interest rates increase, fixed income securities or instruments held by a Fund will generally decline in value. Long-term fixed income securities or instruments will normally have more price volatility because of this risk than short-term fixed income securities or instruments. A wide variety of market factors can cause interest rates to rise, including central bank monetary policy, rising inflation and changes in general economic conditions. Changing interest rates may have unpredictable effects on the markets, may result in heightened market volatility and may detract from Fund performance. In addition, changes in monetary policy may exacerbate the risks associated with changing interest rates. Funds with longer average portfolio durations will generally be more sensitive to changes in interest rates than funds with a shorter average portfolio duration. Fluctuations in interest rates may also affect the liquidity of fixed income securities and instruments held by the Funds. A sudden or unpredictable increase in interest rates may cause volatility in the market and may decrease the liquidity of a Fund’s investments, which would make it harder for the Fund to sell its investments at an advantageous time.

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.

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, declining prices of the securities sold, 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 a 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. These risks may be more pronounced in connection with the Funds’ investments in securities of issuers located in emerging market countries. Redemptions by large shareholders may have a negative impact on a Fund’s liquidity.

GOLDMAN SACHS SHORT DURATION AND GOVERNMENT FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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 a Fund has unsettled or open transactions defaults.

Mortgage-Backed and Other Asset-Backed Securities Risk — Mortgage-related and other asset-backed securities are subject to credit/ default, interest rate and certain additional risks, including “extension risk” (i.e., in periods of rising interest rates, issuers may pay principal later than expected) and “prepayment risk” (i.e., in periods of declining interest rates, issuers may pay principal more quickly than expected, causing the Funds to reinvest proceeds at lower prevailing interest rates). Due to these risks, asset-backed securities may become more volatile in certain interest rate environments. Mortgage-backed securities offered by non-governmental issuers are subject to other risks as well, including failures of private insurers to meet their obligations and unexpectedly high rates of default on the mortgages backing the securities, particularly during periods of rising interest rates. Other asset-backed securities are subject to risks similar to those associated with mortgage-backed securities, as well as risks associated with the nature and servicing of the assets backing the securities. Asset-backed securities may not have the benefit of a security interest in collateral comparable to that of mortgage assets, resulting in additional credit risk.

Portfolio Turnover Rate Risk — A high rate of portfolio turnover may involve correspondingly greater expenses which must be borne by the Funds and their shareholders, and is also likely to result in short-term capital gains taxable to shareholders.