GOLDMAN SACHS BOND FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 66.2%
Collateralized Mortgage Obligations – 5.7%
Interest Only(a) – 0.2%
Federal Home Loan Mortgage Corp. REMICS Series 4314, Class SE (-1X 1 mo. USD Term SOFR + 5.936%)
$	239,484		0.603	%(b)	03/15/44	$     20,390
Federal Home Loan Mortgage Corp. REMICS Series 4998, Class GI
	1,151,598		4.000		08/25/50	239,060
Federal National Mortgage Association REMICS Series 2017-31, Class SG (-1X 1 mo. USD Term SOFR + 5.986%)
	366,766		0.650	(b)	05/25/47	38,797
Federal National Mortgage Association REMICS Series 2012-5, Class SA (-1X 1 mo. USD Term SOFR + 5.836%)
	149,280		0.500	(b)	02/25/42	12,014
Government National Mortgage Association REMICS Series 2014-132, Class SL (-1X 1 mo. USD Term SOFR + 5.986%)
	122,111		0.647	(b)(c)	10/20/43	5,062
Government National Mortgage Association REMICS Series 2015-168, Class SD (-1X 1 mo. USD Term SOFR + 6.086%)
	66,128		0.747	(b)(c)	11/20/45	6,538
Government National Mortgage Association REMICS Series 2014-133, Class BS (-1X 1 mo. USD Term SOFR + 5.486%)
	100,738		0.147	(b)(c)	09/20/44	6,582
Government National Mortgage Association REMICS Series 2018-122, Class HS (-1X 1 mo. USD Term SOFR + 6.086%)
	332,618		0.747	(b)(c)	09/20/48	34,381
Government National Mortgage Association REMICS Series 2019-6, Class SA (-1X 1 mo. USD Term SOFR + 5.936%)
	74,544		0.597	(b)(c)	01/20/49	7,112
Government National Mortgage Association REMICS Series 2019-1, Class SN (-1X 1 mo. USD Term SOFR + 5.936%)
	67,410		0.597	(b)(c)	01/20/49	6,328
Government National Mortgage Association REMICS Series 2014-162, Class SA (-1X 1 mo. USD Term SOFR + 5.486%)
	85,199		0.147	(b)(c)	11/20/44	6,302
Government National Mortgage Association REMICS Series 2015-123, Class SP (-1X 1 mo. USD Term SOFR + 6.136%)
	137,728		0.797	(b)(c)	09/20/45	14,197
Government National Mortgage Association REMICS Series 2016-27, Class IA
	115,070		4.000	(c)	06/20/45	16,086
Government National Mortgage Association REMICS Series 2018-122, Class SE (-1X 1 mo. USD Term SOFR + 6.086%)
	222,180		0.747	(b)(c)	09/20/48	22,689
Government National Mortgage Association REMICS Series 2019-153, Class EI
	1,012,693		4.000	(c)	12/20/49	206,782

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Interest Only(a) – (continued)
Government National Mortgage Association REMICS Series 2010-20, Class SE (-1X 1 mo. USD Term SOFR + 6.136%)
$	358,959		0.797	%(b)(c)	02/20/40	$     33,128
Government National Mortgage Association REMICS Series 2015-119, Class SN (-1X 1 mo. USD Term SOFR + 6.136%)
	109,804		0.797	(b)(c)	08/20/45	11,340
Government National Mortgage Association REMICS Series 2013-181, Class SA (-1X 1 mo. USD Term SOFR + 5.986%)
	176,644		0.647	(b)(c)	11/20/43	15,548
Government National Mortgage Association REMICS Series 2015-167, Class AS (-1X 1 mo. USD Term SOFR + 6.136%)
	82,427		0.797	(b)(c)	11/20/45	8,032
						710,368
Sequential Fixed Rate – 1.1%
BRAVO Residential Funding Trust Series 2024-NQM1, Class A1
	459,984		5.943	(c)(d)(e)	12/01/63	458,546
Federal National Mortgage Association REMICS Series 2012- 111, Class B
	13,237		7.000		10/25/42	13,916
Federal National Mortgage Association REMICS Series 2012- 153, Class B
	36,299		7.000		07/25/42	38,773
Federal National Mortgage Association REMICS Series 2011-52, Class GB
	146,620		5.000		06/25/41	145,094
Federal National Mortgage Association REMICS Series 2005-70, Class PA
	18,620		5.500		08/25/35	18,702
Government National Mortgage Association REMICS Series 2021-135, Class A
	2,531,342		2.000	(c)	08/20/51	2,027,079
OBX Trust Series 2024-NQM1, Class A1
	990,919		5.928	(c)(d)(e)	11/25/63	988,747
OBX Trust Series 2024-NQM1, Class A2
	92,179		6.253	(c)(d)(e)	11/25/63	92,097
						3,782,954
Sequential Floating Rate(c) – 4.4%
Angel Oak Mortgage Trust Series 2021-6, Class A1
	226,389		1.458	(b)(d)	09/25/66	183,333
Chase Home Lending Mortgage Trust Series 2024-3, Class A5
	150,000		6.000	(b)(d)	02/25/55	147,876
Chase Home Lending Mortgage Trust Series 2024-3, Class A5A
	225,000		5.500	(b)(d)	02/25/55	214,526
Chase Home Lending Mortgage Trust Series 2024-3, Class A7
	100,000		6.000	(b)(d)	02/25/55	98,729
CIM Trust Series 2019-INV3, Class A15
	53,074		3.500	(b)(d)	08/25/49	46,190

GOLDMAN SACHS BOND 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)
Countrywide Alternative Loan Trust Series 2006-OC8, Class 2A3 (1 mo. USD Term SOFR + 0.614%)
$	1,086,491		5.960	%(b)	11/25/36	$    897,217
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2020-DNA5, Class B1 (1 mo. USD Term SOFR + 4.800%)
	754,000		10.135	(b)(d)	10/25/50	862,935
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2020-HQA4, Class B1 (1 mo. USD Term SOFR + 5.364%)
	390,929		10.700	(b)(d)	09/25/50	437,740
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class A1 (1 mo. USD Term SOFR + 1.250%)
	1,027,749		6.585	(b)(d)	03/25/44	1,029,597
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M1 (1 mo. USD Term SOFR + 1.250%)
	640,665		6.585	(b)(d)	03/25/44	642,028
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M2 (1 mo. USD Term SOFR + 2.000%)
	300,000		7.335	(b)(d)	03/25/44	301,281
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-DNA2, Class M1 (1 mo. USD Term SOFR + 1.200%)
	1,010,939		6.535	(b)(d)	05/25/44	1,012,109
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03, Class 2M2 (1 mo. USD Term SOFR + 3.900%)
	142,434		9.235	(b)(d)	04/25/43	152,574
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R05, Class 1M2 (1 mo. USD Term SOFR + 3.100%)
	130,000		8.435	(b)(d)	06/25/43	137,353
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R08, Class 1M2 (1 mo. USD Term SOFR + 2.500%)
	120,000		7.835	(b)(d)	10/25/43	123,589
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R08, Class 1B1 (1 mo. USD Term SOFR + 3.550%)
	330,000		8.885	(b)(d)	10/25/43	344,686
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01, Class 1B1 (1 mo. USD Term SOFR + 2.700%)
	350,000		8.035	(b)(d)	01/25/44	355,587
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	225,000		7.135	(b)(d)	01/25/44	227,540
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R02, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	575,000		7.135	(b)(d)	02/25/44	578,170

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(c) – (continued)
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R04, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
$	250,000		6.974	%(b)(d)	05/25/44	$    250,551
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R03, Class 2M2 (1 mo. USD Term SOFR + 1.950%)
	250,000		7.285	(b)(d)	03/25/44	251,413
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R03, Class 2B1 (1 mo. USD Term SOFR + 2.800%)
	200,000		8.135	(b)(d)	03/25/44	202,153
GCAT Trust Series 2019-NQM3, Class M1
	500,000		3.450	(b)(d)	11/25/59	435,835
JP Morgan Alternative Loan Trust Series 2006-A7, Class 1A1 (1 mo. USD Term SOFR + 0.434%)
	113,584		5.780	(b)	12/25/36	103,136
JP Morgan Mortgage Trust Series 2021-LTV2, Class A1
	760,881		2.520	(b)(d)	05/25/52	617,708
JP Morgan Mortgage Trust Series 2024-VIS1, Class A1
	662,730		5.990	(b)(d)	07/25/64	667,290
JP Morgan Mortgage Trust Series 2024-3, Class A4
	1,016,311		3.000	(b)(d)	05/25/54	889,172
JP Morgan Mortgage Trust Series 2024-5, Class A6
	475,000		6.000	(b)(d)	11/25/54	472,617
Mill City Mortgage Loan Trust Series 2017-2, Class A3
	98,405		3.250	(b)(d)	07/25/59	93,765
Mill City Mortgage Loan Trust Series 2019-GS2, Class M1
	720,000		3.000	(b)(d)	08/25/59	641,015
Mill City Mortgage Loan Trust Series 2021-NMR1, Class M2
	760,000		2.500	(b)(d)	11/25/60	641,317
Residential Mortgage Loan Trust Series 2019-2, Class B1
	300,000		4.713	(b)(d)	05/25/59	287,364
Starwood Mortgage Residential Trust Series 2020-2, Class B1E
	950,000		3.000	(b)(d)	04/25/60	876,241
Towd Point Mortgage Trust Series 2017-3, Class B2
	100,000		3.916	(b)(d)	07/25/57	87,223
Verus Securitization Trust Series 2022-INV1, Class A1
	81,317		5.041	(d)(e)	08/25/67	80,882
Vista Point Securitization Trust Series 2020-2, Class M1
	500,000		3.401	(b)(d)	04/25/65	453,418
Wells Fargo Mortgage-Backed Securities Trust Series 2019-3, Class A1
	24,681		3.500	(b)(d)	07/25/49	21,588
						14,865,748
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$ 19,359,070
Commercial Mortgage-Backed Securities – 7.4%
Sequential Fixed Rate – 3.3%
Bank Series 2021-BN35, Class A5
$	950,000		2.285	%(c)	06/15/64	$    780,441
Bank Series 2023-BNK46, Class A4
	1,000,000		5.745	(c)	08/15/56	1,026,203

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Fixed Rate – (continued)
Bank Series 2017-BNK6, Class A5
$	525,000		3.518	%(c)	07/15/60	$    495,941
Benchmark Mortgage Trust Series 2023-B39, Class A5
	700,000		5.754	(c)	07/15/56	722,131
BMO Mortgage Trust Series 2022-C3, Class A5
	150,000		5.313	(c)	09/15/54	149,353
BMO Mortgage Trust Series 2023-C7, Class A5
	900,000		6.160	(c)	12/15/56	950,715
DOLP Trust Series 2021-NYC, Class A
	1,100,000		2.956	(d)	05/10/41	915,884
GS Mortgage Securities Trust Series 2017-GS7, Class A4
	550,000		3.430	(c)	08/10/50	513,352
GS Mortgage Securities Trust Series 2020-GC45, Class A5
	600,000		2.911	(c)	02/13/53	528,583
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-OPO, Class A
	598,000		3.024	(d)	01/05/39	534,262
Manhattan West Mortgage Trust Series 2020-1MW, Class A
	750,000		2.130	(d)	09/10/39	667,469
Morgan Stanley Capital I Trust Series 2018-H4, Class A4
	400,000		4.310	(c)	12/15/51	380,609
MSWF Commercial Mortgage Trust Series 2023-2, Class A2
	800,000		6.890	(c)	12/15/56	841,650
One Bryant Park Trust Series 2019-OBP, Class A
	580,000		2.516	(d)	09/15/54	492,335
SLG Office Trust Series 2021-OVA, Class A
	600,000		2.585	(d)	07/15/41	490,992
Wells Fargo Commercial Mortgage Trust Series 2017-C39, Class A5
	1,125,000		3.418	(c)	09/15/50	1,053,563
Wells Fargo Commercial Mortgage Trust Series 2021-C59, Class A5
	825,000		2.626	(c)	04/15/54	692,150
						11,235,633
Sequential Floating Rate(b) – 4.1%
Bank Series 2022-BNK44, Class A5
	500,000		5.936	(c)	11/15/55	516,567
Bank5 Series 2023-5YR4, Class AS
	200,000		7.274	(c)	12/15/56	210,878
BBCMS Mortgage Trust Series 2018-TALL, Class A (1 mo. USD Term SOFR + 0.919%)
	325,000		6.248	(d)	03/15/37	307,332
BBCMS Mortgage Trust Series 2018-TALL, Class B (1 mo. USD Term SOFR + 1.168%)
	225,000		6.497	(d)	03/15/37	206,182
BBCMS Mortgage Trust Series 2024-5C25, Class C
	475,000		6.643	(c)	03/15/57	478,931
BBCMS Mortgage Trust Series 2018-TALL, Class C (1 mo. USD Term SOFR + 1.318%)
	375,000		6.647	(d)	03/15/37	335,435
BBCMS Mortgage Trust Series 2024-C26, Class C
	400,000		6.000	(c)	05/15/57	388,898

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(b) – (continued)
BLP Commercial Mortgage Trust Series 2024-IND2, Class A (1 mo. USD Term SOFR + 1.342%)
$	625,000		6.671	%(d)	03/15/41	$    620,321
BX Commercial Mortgage Trust Series 2024-XL4, Class A (1 mo. USD Term SOFR + 1.442%)
	1,083,453		6.771	(d)	02/15/39	1,079,877
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	551,415		6.721	(d)	03/15/41	548,848
BX Commercial Mortgage Trust Series 2024-WPT, Class A (1 mo. USD Term SOFR + 1.541%)
	625,000		6.870	(d)	03/15/34	622,499
BX Trust Series 2022-PSB, Class A (1 mo. USD Term SOFR + 2.451%)
	518,693		7.780	(d)	08/15/39	517,400
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
	1,050,000		6.971	(d)	02/15/41	1,046,599
BX Trust Series 2024-BRVE, Class A (1 mo. USD Term SOFR + 1.841%)
	850,000		7.170	(d)	04/15/26	847,658
BX Trust Series 2024-BRVE, Class B (1 mo. USD Term SOFR + 2.540%)
	500,000		7.869	(d)	04/15/26	498,622
Commercial Mortgage Trust Series 2024-WCL1, Class A (1 mo. USD Term SOFR + 1.841%)
	1,025,000		7.141	(d)	06/15/41	1,020,084
DC Trust Series 2024-HLTN, Class A
	350,000		5.934	(d)	04/13/28	345,728
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KF153, Class AS (1 mo. USD Term SOFR + 0.680%)
	552,251		6.004	(c)	02/25/33	552,597
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KF73, Class AS (1 mo. USD SOFR Historical Calendar Day Compounded + 0.670%)
	279,253		5.996	(c)	11/25/29	278,414
One New York Plaza Trust Series 2020-1NYP, Class A (1 mo. USD Term SOFR + 1.064%)
	575,000		6.394	(d)	01/15/36	550,646
SCG Mortgage Trust Series 2024-MSP, Class A (1 mo. USD Term SOFR + 1.741%)
	500,000		7.070	(d)	04/15/41	496,504
Wells Fargo Commercial Mortgage Trust Series 2022-C62, Class A4
	800,000		4.000	(c)	04/15/55	730,688
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class A
	875,000		5.308	(d)	07/15/35	861,118

GOLDMAN SACHS BOND 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)
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class B
$	550,000		5.743	%(d)	07/15/35	$    541,678
						13,603,504
TOTAL COMMERCIAL MORTGAGE-
BACKED SECURITIES						$  24,839,137
Federal Agencies – 53.1%
Adjustable Rate Federal Home Loan Mortgage Corp. – 0.0%
(RFUCC 1 yr. Treasury + 1.772%)
$	16,609		6.018	%	09/01/35	$      16,940
Federal Home Loan Mortgage Corp. – 0.5%
	27,123		6.000		08/01/27	27,220
	5,440		5.000		08/01/33	5,399
	828		5.000		09/01/33	822
	1,217		5.000		10/01/33	1,208
	1,264		5.000		11/01/34	1,255
	49,234		5.000		12/01/34	48,880
	1,732		5.000		07/01/35	1,719
	2		5.000		11/01/35	2
	18,398		5.000		03/01/39	18,293
	1,530		5.000		05/01/39	1,522
	1,239		5.000		08/01/40	1,241
	13,545		4.000		02/01/41	12,809
	1,251		5.000		06/01/41	1,253
	332,243		4.000		03/01/48	309,196
	339,027		4.000		04/01/48	315,352
	948,520		4.500		08/01/48	914,367
						1,660,538
Government National Mortgage Association – 24.5%
	9,882		5.500		11/15/32	9,959
	3,117		5.500		01/15/33	3,136
	14,763		5.500		02/15/33	14,920
	14,901		5.500		03/15/33	15,049
	19,102		5.500		07/15/33	19,261
	7,207		5.500		08/15/33	7,276
	3,004		5.500		09/15/33	3,024
	7,440		5.500		04/15/34	7,514
	6,263		5.500		05/15/34	6,322
	70,302		5.500		09/15/34	71,297
	66,760		5.500		12/15/34	67,764
	57,621		5.500		01/15/35	58,516
	167		5.500		05/15/36	169
	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
	329,201		4.000		08/20/43	311,541
	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
	37,969		4.000		12/20/44	35,728

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Government National Mortgage Association – (continued)
$	10,312		4.000	%	05/20/45	$      9,703
	37,126		4.000		07/20/45	34,888
	203,096		4.000		01/20/46	190,855
	651,285		4.500		05/20/48	628,001
	984,260		4.500		08/20/48	947,842
	112,814		5.000		08/20/48	111,393
	689,527		4.500		09/20/48	664,013
	820,924		5.000		10/20/48	809,039
	452,857		5.000		11/20/48	446,300
	459,536		5.000		12/20/48	452,308
	1,059,206		4.500		01/20/49	1,017,697
	856,840		5.000		01/20/49	843,364
	419,888		4.000		02/20/49	392,350
	874,086		4.500		02/20/49	839,832
	22,286		4.500		03/20/49	21,413
	272,927		4.000		03/20/49	254,857
	75,793		5.000		03/20/49	74,696
	465,554		4.000		04/20/49	434,731
	602,750		3.000		08/20/49	529,464
	266,214		4.500		10/20/49	256,364
	275,046		4.500		12/20/49	264,267
	1,176,027		3.000		03/20/50	1,031,978
	252,343		4.000		01/20/51	234,295
	289,378		2.500		09/20/51	240,444
	537,518		2.500		11/20/51	447,463
	925,883		3.000		11/20/51	799,419
	307,269		2.500		12/20/51	255,789
	1,724,972		4.500		09/20/52	1,641,897
	2,893,087		7.000		01/20/54	2,946,518
	4,000,000		2.500		TBA-30yr(f)	3,363,958
	3,000,000		2.000		TBA-30yr(f)	2,429,209
	3,000,000		3.500		TBA-30yr(f)	2,696,348
	22,000,000		4.500		TBA-30yr(f)	20,912,560
	1,000,000		5.500		TBA-30yr(f)	992,150
	6,000,000		6.000		TBA-30yr(f)	6,025,783
	16,000,000		6.500		TBA-30yr(f)	16,222,179
	12,000,000		7.000		TBA-30yr(f)	12,216,846
						82,473,747
Uniform Mortgage-Backed Security – 28.1%
	4,785		4.500		02/01/39	4,650
	1,564		4.500		04/01/39	1,523
	3,446		4.500		08/01/39	3,358
	44,065		4.500		12/01/39	42,936
	36,299		4.500		06/01/40	35,255
	17,155		4.500		08/01/41	16,692
	30,025		3.000		12/01/42	27,000
	72,568		3.000		01/01/43	65,044
	20,248		3.000		02/01/43	18,146
	6,972		3.000		03/01/43	6,290
	121,916		3.000		04/01/43	108,827
	18,654		3.000		05/01/43	16,590
	27,505		3.000		06/01/43	24,486
	7,917		3.000		07/01/43	7,048
	10,076		5.000		06/01/44	9,963

GOLDMAN SACHS BOND 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)
$	11,981		3.500	%	03/01/45	$      10,851
	856,190		4.500		04/01/45	828,559
	313,095		3.000		04/01/45	274,819
	105,712		4.500		05/01/45	102,201
	391,375		4.500		06/01/45	378,496
	171,189		4.000		11/01/45	159,880
	57,851		4.000		03/01/46	53,992
	31,844		4.000		06/01/46	29,704
	9,306		4.000		08/01/46	8,681
	75,625		4.000		10/01/46	70,542
	56,577		4.000		06/01/47	52,847
	309,676		4.500		07/01/47	297,843
	139,175		4.500		11/01/47	133,857
	181,678		4.000		12/01/47	169,927
	504,857		4.000		01/01/48	472,202
	529,298		4.000		02/01/48	495,063
	363,561		4.000		03/01/48	340,046
	441,081		4.500		05/01/48	421,608
	513,804		4.000		06/01/48	480,250
	243,473		4.500		09/01/48	234,398
	1,072,947		5.000		11/01/48	1,060,194
	79,568		4.500		06/01/49	76,085
	1,621,200		3.000		09/01/49	1,410,340
	32,075		4.500		10/01/49	30,608
	754,610		4.500		01/01/50	721,507
	1,957,583		4.000		03/01/50	1,821,789
	4,596,135		4.500		03/01/50	4,412,129
	850,468		2.500		09/01/50	710,311
	5,549,452		2.000		10/01/50	4,375,562
	6,424,249		3.000		10/01/50	5,568,063
	1,991,358		3.000		11/01/50	1,725,819
	5,550,516		2.000		11/01/50	4,374,897
	2,357,040		3.000		12/01/50	2,045,317
	2,707,702		2.500		02/01/51	2,225,323
	3,030,795		2.000		03/01/51	2,390,504
	535,172		2.000		04/01/51	420,768
	10,366,285		2.000		05/01/51	8,147,482
	4,262,472		2.500		05/01/51	3,530,352
	967,313		2.500		08/01/51	803,970
	5,635,938		2.500		09/01/51	4,665,639
	3,043,970		6.000		11/01/52	3,090,299
	549,070		6.000		12/01/52	559,142
	2,811,998		4.500		05/01/53	2,679,948
	2,802,623		6.500		09/01/53	2,870,517
	963,772		6.500		12/01/53	994,950
	2,000,000		2.500		TBA-30yr(f)	1,633,438
	3,000,000		3.000		TBA-30yr(f)	2,552,814
	4,000,000		3.500		TBA-30yr(f)	3,540,310
	4,000,000		5.500		TBA-30yr(f)	3,945,156

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	17,000,000		6.000	%	TBA-30yr(f)	$ 17,047,823
						94,834,630
TOTAL FEDERAL AGENCIES						$178,985,855
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $229,367,596)						$223,184,062
Corporate Obligations – 37.7%
Aerospace & Defense – 1.3%
Boeing Co. (c)
$	1,400,000		3.450	%	11/01/28	$   1,267,168
	1,350,000		5.150		05/01/30	1,296,081
	15,000		3.600		05/01/34	12,066
	80,000		3.250		02/01/35	61,108
	15,000		3.375		06/15/46	9,557
	25,000		3.750		02/01/50	16,403
	137,000		6.858	(d)	05/01/54	140,463
Howmet Aerospace, Inc.
	60,000		5.900		02/01/27	60,767
	5,000		3.000	(c)	01/15/29	4,544
RTX Corp. (c)
	65,000		3.125		05/04/27	61,638
	1,385,000		6.100		03/15/34	1,458,405
						4,388,200
Agriculture – 0.0%
Altria Group, Inc.
	25,000		3.400	(c)	02/04/41	17,996
	5,000		4.250		08/09/42	3,975
	10,000		4.450	(c)	05/06/50	7,675
BAT Capital Corp. (c)
	45,000		2.259		03/25/28	40,312
	10,000		4.758		09/06/49	7,871
Philip Morris International, Inc.
	25,000		5.625	(c)	11/17/29	25,530
	10,000		4.375		11/15/41	8,422
	10,000		4.500		03/20/42	8,549
	10,000		4.125		03/04/43	8,036
Reynolds American, Inc. (c)
	5,000		5.700		08/15/35	4,884
	15,000		5.850		08/15/45	13,871
						147,121
Automotive – 0.4%
Aptiv PLC(c)
	25,000		3.100		12/01/51	15,254
Cummins, Inc.(c)
	30,000		2.600		09/01/50	18,217
Ford Motor Credit Co. LLC (c)
	500,000		5.850		05/17/27	500,460
General Motors Co.
	25,000		6.600	(c)	04/01/36	26,194

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Automotive – (continued)
$	10,000		6.250	%	10/02/43	$     9,960
	5,000		5.400	(c)	04/01/48	4,478
General Motors Financial Co., Inc.(c)
	300,000		4.300		07/13/25	295,977
	75,000		2.400		10/15/28	66,299
	500,000		2.350		01/08/31	410,130
						1,346,969
Banks – 9.5%
Banco do Brasil SA(b)(c) (10 yr. CMT + 4.398%)
	200,000		8.748		10/15/24	203,688
Banco Mercantil del Norte SA (b)(c)(d) (5 yr. CMT + 4.643%)
	260,000		5.875		01/24/27	243,473
Banco Santander SA
	800,000		2.746		05/28/25	779,216
	600,000		4.250		04/11/27	580,494
	200,000		2.749		12/03/30	166,488
	600,000		6.921		08/08/33	627,144
Bank of America Corp.(c)
	925,000		4.183		11/25/27	892,884
(3 mo. USD Term SOFR + 1.252%)
	75,000		2.496	(b)	02/13/31	64,806
(3 mo. USD Term SOFR + 1.322%)
	45,000		3.559	(b)	04/23/27	43,519
(3 mo. USD Term SOFR + 1.332%)
	5,000		3.970	(b)	03/05/29	4,780
(3 mo. USD Term SOFR + 1.572%)
	750,000		4.271	(b)	07/23/29	722,490
(3 mo. USD Term SOFR + 1.582%)
	20,000		4.078	(b)	04/23/40	16,984
(3 mo. USD Term SOFR + 1.837%)
	525,000		3.824	(b)	01/20/28	506,163
(3 mo. USD Term SOFR + 3.412%)
	5,000		4.083	(b)	03/20/51	3,994
(5 yr. CMT + 1.200%)
	475,000		2.482	(b)	09/21/36	379,278
(Secured Overnight Financing Rate + 0.910%)
	70,000		1.658	(b)	03/11/27	65,634
(Secured Overnight Financing Rate + 0.960%)
	45,000		1.734	(b)	07/22/27	41,699
(Secured Overnight Financing Rate + 1.050%)
	65,000		2.551	(b)	02/04/28	60,662
(Secured Overnight Financing Rate + 1.060%)
	20,000		2.087	(b)	06/14/29	17,746
(Secured Overnight Financing Rate + 1.220%)
	550,000		2.651	(b)	03/11/32	465,580
(Secured Overnight Financing Rate + 1.330%)
	325,000		2.972	(b)	02/04/33	275,132
(Secured Overnight Financing Rate + 1.530%)
	600,000		1.898	(b)	07/23/31	493,884
(Secured Overnight Financing Rate + 1.630%)
	1,600,000		5.202	(b)	04/25/29	1,597,168
(Secured Overnight Financing Rate + 1.830%)
	275,000		4.571	(b)	04/27/33	259,374

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 1.930%)
$	10,000		2.676	%(b)	06/19/41	$     6,992
(Secured Overnight Financing Rate + 2.040%)
	550,000		4.948	(b)	07/22/28	545,495
Bank of New York Mellon Corp. (b)(c) (Secured Overnight Financing Rate + 1.598%)
	65,000		6.317		10/25/29	67,928
(Secured Overnight Financing Rate + 1.802%)
	20,000		5.802		10/25/28	20,381
Barclays PLC(b)(c) (1 yr. CMT + 3.050%)
	875,000		7.325		11/02/26	890,584
(Secured Overnight Financing Rate + 2.714%)
	825,000		2.852		05/07/26	804,301
BNP Paribas SA(d)
	346,000		3.375		01/09/25	341,533
(Secured Overnight Financing Rate + 1.004%)
	725,000		1.323	(b)(c)	01/13/27	676,947
(Secured Overnight Financing Rate + 2.074%)
	350,000		2.219	(b)(c)	06/09/26	338,397
BPCE SA(d)
	525,000		4.625		09/12/28	507,680
Citigroup, Inc.
	125,000		4.300		11/20/26	122,028
(Secured Overnight Financing Rate + 0.765%)
	65,000		1.122	(b)(c)	01/28/27	60,645
(Secured Overnight Financing Rate + 0.770%)
	70,000		1.462	(b)(c)	06/09/27	64,893
(Secured Overnight Financing Rate + 1.146%)
	40,000		2.666	(b)(c)	01/29/31	34,797
(Secured Overnight Financing Rate + 1.280%)
	15,000		3.070	(b)(c)	02/24/28	14,158
(Secured Overnight Financing Rate + 1.422%)
	550,000		2.976	(b)(c)	11/05/30	489,863
(Secured Overnight Financing Rate + 2.086%)
	800,000		4.910	(b)(c)	05/24/33	769,136
Citizens Financial Group, Inc.(b)(c) (Secured Overnight Financing Rate + 2.010%)
	30,000		5.841		01/23/30	29,900
Credit Agricole SA(b)(c)(d) (5 yr. USD Swap + 4.319%)
	250,000		6.875		09/23/24	249,117
(Secured Overnight Financing Rate + 1.676%)
	375,000		1.907		06/16/26	360,990
Deutsche Bank AG(b)(c) (Secured Overnight Financing Rate + 1.870%)
	450,000		2.129		11/24/26	427,090
Fifth Third Bancorp(c)
	375,000		2.375		01/28/25	367,800
(Secured Overnight Financing Rate + 2.192%)
	65,000		6.361	(b)	10/27/28	66,414
First Horizon Corp.(c)
	700,000		4.000		05/26/25	686,490

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
First-Citizens Bank & Trust Co.(b)(c) (3 mo. USD Term SOFR + 1.715%)
$	600,000		2.969	%	09/27/25	$    593,682
Huntington Bancshares, Inc.(c)
	825,000		4.000		05/15/25	811,321
ING Groep NV(b)(c)(d) (1 yr. CMT + 1.100%)
	950,000		1.400		07/01/26	909,938
JPMorgan Chase & Co.(c)
	425,000		3.625		12/01/27	406,597
(3 mo. USD Term SOFR + 1.507%)
	475,000		3.960	(b)	01/29/27	464,032
(3 mo. USD Term SOFR + 2.515%)
	200,000		2.956	(b)	05/13/31	175,278
(Secured Overnight Financing Rate + 0.885%)
	25,000		1.578	(b)	04/22/27	23,343
(Secured Overnight Financing Rate + 1.015%)
	60,000		2.069	(b)	06/01/29	53,366
(Secured Overnight Financing Rate + 1.170%)
	60,000		2.947	(b)	02/24/28	56,519
(Secured Overnight Financing Rate + 1.580%)
	25,000		3.328	(b)	04/22/52	17,626
(Secured Overnight Financing Rate + 1.800%)
	901,000		4.586	(b)	04/26/33	857,256
(Secured Overnight Financing Rate + 1.890%)
	55,000		2.182	(b)	06/01/28	50,489
(Secured Overnight Financing Rate + 2.440%)
	30,000		3.109	(b)	04/22/51	20,443
M&T Bank Corp. (b)(c) (Secured Overnight Financing Rate + 2.260%)
	35,000		6.082		03/13/32	34,885
Macquarie Group Ltd. (b)(c)(d) (Secured Overnight Financing Rate +1.069%)
	450,000		1.340		01/12/27	421,281
Mitsubishi UFJ Financial Group, Inc.
	30,000		4.286		07/26/38	27,049
Morgan Stanley
	174,000		3.950		04/23/27	168,051
(3 mo. USD Term SOFR + 1.890%)
	200,000		4.431	(b)(c)	01/23/30	193,346
(Secured Overnight Financing Rate + 0.720%)
	70,000		0.985	(b)(c)	12/10/26	65,484
(Secured Overnight Financing Rate + 0.858%)
	40,000		1.512	(b)(c)	07/20/27	36,990
(Secured Overnight Financing Rate + 0.879%)
	70,000		1.593	(b)(c)	05/04/27	65,248
(Secured Overnight Financing Rate + 1.034%)
	790,000		1.794	(b)(c)	02/13/32	634,955
(Secured Overnight Financing Rate + 1.143%)
	725,000		2.699	(b)(c)	01/22/31	635,542
(Secured Overnight Financing Rate + 1.290%)
	141,000		2.943	(b)(c)	01/21/33	119,866
(Secured Overnight Financing Rate + 1.590%)
	1,395,000		5.164	(b)(c)	04/20/29	1,390,159
NatWest Group PLC(b)(c) (5 yr. CMT + 2.100%)
	200,000		3.754		11/01/29	198,018

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
PNC Financial Services Group, Inc. (b)(c) (Secured Overnight Financing Rate + 2.140%)
$	30,000		6.037	%	10/28/33	$     30,923
Santander Holdings USA, Inc. (b)(c)
(Secured Overnight Financing Rate + 2.500%)
	10,000		6.174		01/09/30	10,086
(Secured Overnight Financing Rate + 3.280%)
	25,000		7.660		11/09/31	27,079
State Street Corp.(b)(c) (Secured Overnight Financing Rate + 1.484%)
	65,000		5.684		11/21/29	66,481
Toronto-Dominion Bank
	625,000		4.456		06/08/32	588,981
Truist Financial Corp.(b)(c)
(Secured Overnight Financing Rate + 0.609%)
	35,000		1.267		03/02/27	32,530
(Secured Overnight Financing Rate + 0.862%)
	70,000		1.887		06/07/29	61,310
(Secured Overnight Financing Rate + 2.050%)
	150,000		6.047		06/08/27	151,053
U.S. Bancorp(b)(c)
(5 yr. CMT + 2.541%)
	650,000		3.700		01/15/27	588,198
(Secured Overnight Financing Rate + 0.730%)
	25,000		2.215		01/27/28	23,114
(Secured Overnight Financing Rate + 1.020%)
	10,000		2.677		01/27/33	8,267
(Secured Overnight Financing Rate + 1.230%)
	5,000		4.653		02/01/29	4,895
(Secured Overnight Financing Rate + 2.020%)
	55,000		5.775		06/12/29	55,840
(Secured Overnight Financing Rate + 2.090%)
	5,000		5.850		10/21/33	5,079
UBS Group AG
	307,000		4.550		04/17/26	301,744
	2,025,000		4.282	(c)(d)	01/09/28	1,942,117
(5 yr. CMT + 4.758%)
	200,000		9.250	(b)(c)(d)	11/13/33	223,970
(Secured Overnight Financing Rate + 1.560%)
	302,000		2.593	(b)(c)(d)	09/11/25	300,043
Wells Fargo & Co.
	675,000		3.000		10/23/26	641,284
	600,000		4.300		07/22/27	584,256
	75,000		4.150	(c)	01/24/29	72,089
(3 mo. USD Term SOFR + 1.262%)
	30,000		2.572	(b)(c)	02/11/31	25,955
(3 mo. USD Term SOFR + 1.432%)
	60,000		3.196	(b)(c)	06/17/27	57,461
	10,000		2.879	(b)(c)	10/30/30	8,866
(3 mo. USD Term SOFR + 4.502%)
	25,000		5.013	(b)(c)	04/04/51	22,792
(Secured Overnight Financing Rate + 1.980%)
	400,000		4.808	(b)(c)	07/25/28	394,196
(Secured Overnight Financing Rate + 2.100%)
	75,000		2.393	(b)(c)	06/02/28	69,103

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
$	932,000		4.897	%(b)(c)	07/25/33	$    897,190
						32,081,505
Beverages – 0.8%
Anheuser-Busch InBev Finance, Inc.(c)
	35,000		4.900		02/01/46	32,019
Anheuser-Busch InBev Worldwide, Inc.
	80,000		8.200		01/15/39	101,723
Coca-Cola Consolidated, Inc.(c)
	228,000		5.450		06/01/34	230,034
Constellation Brands, Inc.(c)
	500,000		3.600		02/15/28	473,855
	325,000		2.250		08/01/31	266,750
JDE Peet’s NV(c)(d)
	375,000		1.375		01/15/27	339,244
Keurig Dr Pepper, Inc.(c)
	575,000		4.597		05/25/28	563,414
	925,000		2.250		03/15/31	769,609
PepsiCo, Inc.(c)
	10,000		1.625		05/01/30	8,371
						2,785,019
Biotechnology(c) – 0.9%
Amgen, Inc.
	1,278,000		5.250		03/02/30	1,287,406
	800,000		5.250		03/02/33	797,640
Biogen, Inc.
	25,000		3.150		05/01/50	16,114
CSL Finance PLC(d)
	100,000		3.850		04/27/27	96,456
Royalty Pharma PLC
	425,000		1.200		09/02/25	403,622
	461,000		5.400		09/02/34	448,747
	10,000		3.300		09/02/40	7,221
	10,000		3.550		09/02/50	6,718
						3,063,924
Building Materials(c) – 0.6%
Carrier Global Corp.
	1,180,000		5.900		03/15/34	1,232,345
	35,000		3.577		04/05/50	25,418
Fortune Brands Innovations, Inc.
	5,000		4.500		03/25/52	3,933
Masco Corp.
	325,000		1.500		02/15/28	284,889
Masterbrand, Inc.(d)
	135,000		7.000		07/15/32	136,509
Smyrna Ready Mix Concrete LLC(d)
	475,000		8.875		11/15/31	503,913
						2,187,007
Chemicals – 1.4%
Albemarle Corp.(c)
	15,000		5.650		06/01/52	13,303

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Chemicals – (continued)
Ashland Services BV(c)
EUR	650,000		2.000	%	01/30/28	$    640,428
Axalta Coating Systems LLC(c)(d)
$	475,000		3.375		02/15/29	426,009
Celanese U.S. Holdings LLC(c)
	30,000		6.165		07/15/27	30,448
	735,000		6.350		11/15/28	755,029
	40,000		6.330		07/15/29	41,150
Dow Chemical Co.(c)
	35,000		6.300		03/15/33	36,925
Huntsman International LLC(c)
	350,000		4.500		05/01/29	331,573
	250,000		2.950		06/15/31	204,613
Ingevity Corp.(c)(d)
	360,000		3.875		11/01/28	327,020
International Flavors & Fragrances, Inc.(c)
	650,000		1.832	(d)	10/15/27	580,606
	10,000		5.000		09/26/48	8,592
LYB International Finance BV
	20,000		5.250		07/15/43	18,145
OCP SA(c)(d)
	420,000		6.750		05/02/34	431,025
PPG Industries, Inc.(c)
	5,000		1.200		03/15/26	4,657
Sherwin-Williams Co.(c)
	500,000		3.450		06/01/27	476,475
SNF Group SACA(c)(d)
	590,000		3.375		03/15/30	509,329
						4,835,327
Commercial Services(c) – 0.5%
Ashtead Capital, Inc.(d)
	301,000		5.800		04/15/34	298,857
Brink’s Co.(d)
	125,000		6.500		06/15/29	126,353
	280,000		6.750		06/15/32	282,416
CoStar Group, Inc.(d)
	625,000		2.800		07/15/30	528,637
Global Payments, Inc.
	15,000		3.200		08/15/29	13,486
	15,000		5.950		08/15/52	14,456
Quanta Services, Inc.
	30,000		3.050		10/01/41	21,099
TriNet Group, Inc.(d)
	500,000		7.125		08/15/31	507,455
						1,792,759
Computers(c) – 0.2%
Dell International LLC/EMC Corp.
	268,000		6.020		06/15/26	270,822
	75,000		5.300		10/01/29	75,412
	50,000		6.200		07/15/30	52,464
	10,000		8.100		07/15/36	11,914
	35,000		8.350		07/15/46	44,294

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Computers(c) – (continued)
Hewlett Packard Enterprise Co.
$	15,000		6.350	%	10/15/45	$     15,756
Western Digital Corp.
	30,000		2.850		02/01/29	25,996
	10,000		3.100		02/01/32	8,133
						504,791
Diversified Financial Services(c) –1.9%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
	295,000		6.500		07/15/25	297,543
	675,000		3.000		10/29/28	613,474
	275,000		3.400		10/29/33	230,857
Air Lease Corp.
	225,000		3.375		07/01/25	219,872
	875,000		3.750		06/01/26	845,259
(5 yr. CMT + 3.149%)
	750,000		4.125	(b)	12/15/26	679,980
American Express Co.(b) (Secured Overnight Financing Rate + 1.280%)
	10,000		5.282		07/27/29	10,016
Aviation Capital Group LLC(d)
	375,000		1.950		01/30/26	352,879
Avolon Holdings Funding Ltd.(d)
	675,000		2.875		02/15/25	661,399
	175,000		4.250		04/15/26	169,920
Brookfield Finance, Inc.
	20,000		3.500		03/30/51	13,848
Capital One Financial Corp.(b)
(Secured Overnight Financing Rate + 0.855%)
	35,000		1.878		11/02/27	32,095
(Secured Overnight Financing Rate + 1.790%)
	65,000		3.273		03/01/30	58,619
Charles Schwab Corp.(b)
(5 yr. CMT + 4.971%)
	322,000		5.375		06/01/25	318,442
(Secured Overnight Financing Rate + 1.878%)
	65,000		6.196		11/17/29	67,561
(Secured Overnight Financing Rate + 2.210%)
	10,000		5.643		05/19/29	10,129
(Secured Overnight Financing Rate + 2.500%)
	5,000		5.853		05/19/34	5,095
Discover Financial Services
	65,000		4.100		02/09/27	62,477
(Secured Overnight Financing Rate + 3.370%)
	10,000		7.964	(b)	11/02/34	11,246
Intercontinental Exchange, Inc.(d)
	190,000		3.625		09/01/28	179,223
Jefferies Financial Group, Inc.
	45,000		2.625		10/15/31	36,371
Macquarie Airfinance Holdings Ltd.(d)
	70,000		6.400		03/26/29	71,244
Mastercard, Inc.
	5,000		3.300		03/26/27	4,799
	10,000		3.850		03/26/50	7,888

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Diversified Financial Services(c) – (continued)
OneMain Finance Corp.
$	475,000		7.500	%	05/15/31	$    480,866
Synchrony Financial
	25,000		2.875		10/28/31	20,071
VFH Parent LLC/Valor Co.-Issuer, Inc.(d)
	845,000		7.500		06/15/31	848,963
						6,310,136
Electrical(c) – 0.9%
Ameren Corp.
	125,000		3.500		01/15/31	112,650
American Electric Power Co., Inc.
	20,000		2.300		03/01/30	17,028
Appalachian Power Co.
	30,000		3.700		05/01/50	20,727
Constellation Energy Generation LLC
	15,000		5.600		06/15/42	14,475
Duke Energy Corp.
	10,000		3.500		06/15/51	6,745
	40,000		5.000		08/15/52	34,771
Edison International
	20,000		6.950		11/15/29	21,251
Emera U.S. Finance LP
	10,000		4.750		06/15/46	8,225
Entergy Louisiana LLC
	25,000		4.750		09/15/52	21,507
Exelon Corp.
	30,000		4.450		04/15/46	24,766
NextEra Energy Capital Holdings, Inc.
	70,000		3.550		05/01/27	66,854
	525,000		1.900		06/15/28	464,174
Pacific Gas & Electric Co.
	250,000		2.100		08/01/27	225,783
	5,000		4.500		07/01/40	4,121
	125,000		3.300		08/01/40	88,886
	5,000		4.000		12/01/46	3,594
	30,000		4.950		07/01/50	24,776
PacifiCorp
	30,000		4.150		02/15/50	22,907
	660,000		5.800		01/15/55	639,454
Public Service Co. of Colorado
	35,000		4.500		06/01/52	28,388
Southern California Edison Co.
	450,000		4.200		03/01/29	430,173
	25,000		4.875		03/01/49	21,694
Southern Power Co.
	30,000		4.950		12/15/46	26,086
Xcel Energy, Inc.
	900,000		3.350		12/01/26	858,717
						3,187,752
Electrical Components & Equipment(c)(d) – 0.1%
WESCO Distribution, Inc.
	195,000		6.375		03/15/29	195,780

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Electrical Components & Equipment(c)(d) – (continued)
$	145,000		6.625	%	03/15/32	$    146,631
						342,411
Electronics(c) – 0.3%
Allegion U.S. Holding Co., Inc.
	256,000		5.600		05/29/34	256,120
Amphenol Corp.
	5,000		2.800		02/15/30	4,452
Atkore, Inc.(d)
	945,000		4.250		06/01/31	836,344
Flex Ltd.
	10,000		4.875		06/15/29	9,685
Jabil, Inc.
	30,000		3.600		01/15/30	27,065
						1,133,666
Energy-Alternate Sources(c)(d) – 0.0%
Greenko Power II Ltd.
	173,500		4.300		12/13/28	158,319
Engineering & Construction(c) – 0.3%
MasTec, Inc.(d)
	610,000		4.500		08/15/28	581,690
Mexico City Airport Trust
	200,000		4.250		10/31/26	192,218
	250,000		3.875	(d)	04/30/28	234,687
						1,008,595
Entertainment(c) – 0.8%
Merlin Entertainments Group U.S. Holdings, Inc.(d)
	505,000		7.375		02/15/31	514,696
Warnermedia Holdings, Inc.
	775,000		6.412		03/15/26	774,829
	450,000		4.054		03/15/29	415,589
	1,228,000		4.279		03/15/32	1,071,528
						2,776,642
Environmental(c)(d) – 0.3%
Veralto Corp.
	980,000		5.450		09/18/33	977,236
Food & Drug Retailing – 0.7%
Campbell Soup Co.(c)
	380,000		5.400		03/21/34	377,705
Conagra Brands, Inc.(c)
	65,000		1.375		11/01/27	57,257
	5,000		5.300		11/01/38	4,707
J M Smucker Co.(c)
	449,000		5.900		11/15/28	462,461
	725,000		6.200		11/15/33	761,264
Kellanova
	50,000		7.450		04/01/31	55,925
Kraft Heinz Foods Co.
	30,000		6.875		01/26/39	33,289
Kroger Co.(c)
	10,000		2.200		05/01/30	8,502

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Food & Drug Retailing – (continued)
Post Holdings, Inc.(c)(d)
$	498,000		5.625	%	01/15/28	$    490,435
Sysco Corp.(c)
	50,000		6.600		04/01/40	54,100
	25,000		4.500		04/01/46	21,035
Tyson Foods, Inc.(c)
	15,000		3.550		06/02/27	14,341
	20,000		5.100		09/28/48	17,444
						2,358,465
Gas(c) – 0.1%
East Ohio Gas Co.(d)
	150,000		1.300		06/15/25	143,866
NiSource, Inc.
	100,000		3.600		05/01/30	91,776
						235,642
Hand/Machine Tools(c) – 0.0%
Stanley Black & Decker, Inc.
	70,000		2.300		03/15/30	59,604
Healthcare Providers & Services – 1.3%
Adventist Health System(c)
	235,000		5.757		12/01/34	234,805
Baxter International, Inc.(c)
	179,000		1.915		02/01/27	164,037
Centene Corp.(c)
	165,000		4.250		12/15/27	157,542
	60,000		3.375		02/15/30	53,240
CommonSpirit Health(c)
	635,000		3.910		10/01/50	482,276
	610,000		6.461		11/01/52	673,982
Elevance Health, Inc.(c)
	5,000		2.875		09/15/29	4,498
	10,000		2.250		05/15/30	8,566
	25,000		6.100		10/15/52	26,231
HCA, Inc.(c)
	25,000		4.125		06/15/29	23,677
	420,000		5.450		04/01/31	419,635
	15,000		5.250		06/15/49	13,362
	15,000		3.500		07/15/51	10,028
	685,000		5.900		06/01/53	666,847
Laboratory Corp. of America Holdings(c)
	70,000		1.550		06/01/26	65,025
Quest Diagnostics, Inc.(c)
	10,000		2.950		06/30/30	8,866
Revvity, Inc.(c)
	20,000		3.300		09/15/29	18,200
Solventum Corp.(c)(d)
	700,000		5.400		03/01/29	697,837
	345,000		5.600		03/23/34	338,611
STERIS Irish FinCo UnLtd Co.(c)
	218,000		2.700		03/15/31	185,721
UnitedHealth Group, Inc.
	10,000		2.000		05/15/30	8,499

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Healthcare Providers & Services – (continued)
$	10,000		6.875	%	02/15/38	$     11,447
	25,000		4.250	(c)	06/15/48	20,672
						4,293,604
Household Products(c) – 0.0%
Kimberly-Clark Corp.
	10,000		2.875		02/07/50	6,655
Insurance(c) – 0.3%
Acrisure LLC/Acrisure Finance, Inc.(d)
	536,000		4.250		02/15/29	487,165
American International Group, Inc.
	250,000		3.400		06/30/30	227,460
	10,000		4.750		04/01/48	8,823
Aon Corp.
	10,000		2.800		05/15/30	8,769
Aon Corp./Aon Global Holdings PLC
	20,000		3.900		02/28/52	14,787
Berkshire Hathaway Finance Corp.
	35,000		3.850		03/15/52	27,083
Brighthouse Financial, Inc.
	10,000		4.700		06/22/47	7,761
Brown & Brown, Inc.
	20,000		2.375		03/15/31	16,526
Progressive Corp.
	5,000		3.200		03/26/30	4,557
Willis North America, Inc.
	70,000		2.950		09/15/29	62,718
						865,649
Internet – 1.0%
Amazon.com, Inc.(c)
	10,000		3.875		08/22/37	8,830
Expedia Group, Inc.(c)
	260,000		4.625		08/01/27	255,216
	200,000		3.250		02/15/30	180,338
	81,000		2.950		03/15/31	70,128
Meta Platforms, Inc.(c)
	2,000		3.850		08/15/32	1,861
Netflix, Inc.
	495,000		6.375		05/15/29	521,562
	1,275,000		4.875	(c)(d)	06/15/30	1,254,205
Prosus NV(c)(d)
	200,000		3.832		02/08/51	131,688
Uber Technologies, Inc.(c)(d)
	880,000		4.500		08/15/29	838,490
						3,262,318
Iron/Steel – 0.3%
ArcelorMittal SA
	15,000		6.750		03/01/41	15,344
Cleveland-Cliffs, Inc.(c)(d)
	435,000		7.000		03/15/32	430,720
Nucor Corp.(c)
	5,000		3.125		04/01/32	4,327

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Iron/Steel – (continued)
Steel Dynamics, Inc.(c)
$	150,000		2.400	%	06/15/25	$    145,329
	275,000		1.650		10/15/27	245,283
Vale Overseas Ltd.(c)
	200,000		6.400		06/28/54	196,712
						1,037,715
Leisure Time(c) – 0.0%
Brunswick Corp.
	65,000		5.850		03/18/29	65,009
Lodging(c) – 0.9%
Choice Hotels International, Inc.
	262,000		5.850		08/01/34	258,044
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.(d)
	125,000		4.875		07/01/31	110,511
Hyatt Hotels Corp.
	475,000		1.800		10/01/24	470,026
	630,000		5.500		06/30/34	612,946
Marriott International, Inc.
	475,000		5.000		10/15/27	473,727
	221,000		4.875		05/15/29	218,200
MGM Resorts International
	605,000		6.500		04/15/32	602,193
Sands China Ltd.
	200,000		5.400		08/08/28	195,887
						2,941,534
Machinery-Diversified(c) – 0.2%
AGCO Corp.
	210,000		5.800		03/21/34	209,084
Ingersoll Rand, Inc.
	177,000		5.314		06/15/31	177,896
	204,000		5.450		06/15/34	205,656
						592,636
Media – 0.4%
Charter Communications Operating LLC/Charter Communications Operating Capital(c)
	98,000		4.908		07/23/25	97,164
	35,000		5.375		04/01/38	30,557
	15,000		6.484		10/23/45	13,720
Comcast Corp.
	562,000		5.300	(c)	06/01/34	563,141
	6,000		6.500		11/15/35	6,553
	75,000		3.750	(c)	04/01/40	60,947
Fox Corp.(c)
	20,000		5.476		01/25/39	19,063
NBCUniversal Media LLC
	458,000		4.450		01/15/43	395,469
Time Warner Cable LLC
	15,000		6.750		06/15/39	14,526
	5,000		5.875	(c)	11/15/40	4,349
						1,205,489

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Mining(c) – 0.3%
Alcoa Nederland Holding BV(d)
$	230,000		7.125	%	03/15/31	$    236,396
Freeport-McMoRan, Inc.
	15,000		5.450		03/15/43	14,150
Glencore Funding LLC(d)
	450,000		1.625		04/27/26	420,696
	250,000		2.625		09/23/31	205,775
						877,017
Miscellaneous Manufacturing – 0.2%
3M Co.(c)
	70,000		2.375		08/26/29	61,169
GE Capital International Funding Co. Unlimited Co.
	230,000		4.418		11/15/35	212,168
Hillenbrand, Inc.(c)
	309,000		6.250		02/15/29	310,706
						584,043
Multi-National(c)(d) – 0.1%
African Export-Import Bank
	270,000		2.634		05/17/26	252,852
	240,000		3.798		05/17/31	204,679
						457,531
Office & Business Equipment(c) – 0.0%
CDW LLC/CDW Finance Corp.
	60,000		3.250		02/15/29	54,139
Oil & Gas(c) – 0.0%
Apache Corp.
	15,000		5.100		09/01/40	12,803
BP Capital Markets America, Inc.
	50,000		3.588		04/14/27	48,101
						60,904
Oil Field Services – 1.5%
Aker BP ASA(c)(d)
	404,000		2.000		07/15/26	375,910
Crescent Energy Finance LLC(c)(d)
	605,000		9.250		02/15/28	639,080
Devon Energy Corp.(c)
	165,000		5.600		07/15/41	153,536
Diamondback Energy, Inc.(c)
	30,000		6.250		03/15/33	31,381
Ecopetrol SA(c)
	90,000		8.625		01/19/29	94,734
	40,000		6.875		04/29/30	38,460
	230,000		8.875		01/13/33	237,475
EQT Corp.(c)
	145,000		3.900		10/01/27	138,566
	50,000		7.000		02/01/30	53,046
	610,000		3.625	(d)	05/15/31	537,684
Halliburton Co.
	5,000		6.700		09/15/38	5,496
Hess Corp.
	5,000		5.600		02/15/41	4,989

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Oil Field Services – (continued)
Marathon Petroleum Corp.(c)
$	5,000		6.500	%	03/01/41	$      5,202
Occidental Petroleum Corp.
	20,000		8.875	(c)	07/15/30	23,056
	278,000		7.875		09/15/31	311,232
Permian Resources Operating LLC(c)(d)
	471,000		7.000		01/15/32	484,061
Shell International Finance BV
	40,000		6.375		12/15/38	44,080
Southwestern Energy Co.(c)
	855,000		5.375		02/01/29	829,076
Sunoco LP(c)(d)
	235,000		7.000		05/01/29	240,934
	180,000		7.250		05/01/32	186,097
Sunoco LP/Sunoco Finance Corp.(c)(d)
	510,000		7.000		09/15/28	522,842
TotalEnergies Capital International SA(c)
	50,000		2.829		01/10/30	44,836
	15,000		3.127		05/29/50	10,140
						5,011,913
Packaging(c) – 0.2%
Berry Global, Inc.
	375,000		1.570		01/15/26	352,414
Sealed Air Corp.(d)
	400,000		6.500		07/15/32	398,116
						750,530
Pharmaceuticals(c) – 1.2%
AbbVie, Inc.
	800,000		4.500		05/14/35	754,448
	225,000		4.450		05/14/46	195,208
AdaptHealth LLC(d)
	595,000		5.125		03/01/30	521,024
Becton Dickinson & Co.
	5,000		3.700		06/06/27	4,812
	20,000		1.957		02/11/31	16,390
	10,000		4.298		08/22/32	9,373
Bristol-Myers Squibb Co.
	15,000		3.200		06/15/26	14,462
	15,000		4.125		06/15/39	13,013
	255,000		6.250		11/15/53	273,913
Cardinal Health, Inc.
	247,000		5.125		02/15/29	246,434
Cigna Group
	184,000		2.400		03/15/30	159,222
	200,000		5.125		05/15/31	198,520
	5,000		4.800		08/15/38	4,593
	25,000		3.400		03/15/50	17,025
CVS Health Corp.
	1,388,000		4.780		03/25/38	1,239,290
	15,000		2.700		08/21/40	9,961
Merck & Co., Inc.
	75,000		1.700		06/10/27	68,844
	10,000		3.400		03/07/29	9,440

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Pharmaceuticals(c) – (continued)
PRA Health Sciences, Inc.(d)
$	200,000		2.875	%	07/15/26	$    189,866
Viatris, Inc.
	20,000		4.000		06/22/50	13,478
						3,959,316
Pipelines – 1.4%
Cheniere Energy Partners LP(c)
	230,000		5.950		06/30/33	232,877
DCP Midstream Operating LP(c)
	455,000		3.250		02/15/32	389,039
Enbridge Energy Partners LP
	10,000		7.500		04/15/38	11,425
Energy Transfer LP(c)
	725,000		5.500		06/01/27	727,284
	550,000		5.250		04/15/29	549,158
	5,000		6.125		12/15/45	4,900
	75,000		5.400		10/01/47	67,092
	5,000		6.000		06/15/48	4,825
	20,000		6.250		04/15/49	19,924
Galaxy Pipeline Assets Bidco Ltd.(d)
	200,000		2.625		03/31/36	162,937
Global Partners LP/GLP Finance Corp.(c)(d)
	250,000		8.250		01/15/32	256,687
Hess Midstream Operations LP(c)(d)
	190,000		6.500		06/01/29	192,546
Kinder Morgan, Inc.
	500		7.750		01/15/32	565
	27,000		5.450	(c)	08/01/52	24,857
Kinetik Holdings LP(c)(d)
	435,000		6.625		12/15/28	441,895
MPLX LP(c)
	225,000		4.800		02/15/29	220,687
	200,000		4.500		04/15/38	174,568
	10,000		4.700		04/15/48	8,266
Targa Resources Corp.(c)
	235,000		4.200		02/01/33	211,502
Targa Resources Partners LP/Targa Resources Partners Finance Corp.(c)
	60,000		4.875		02/01/31	57,214
	20,000		4.000		01/15/32	17,964
Venture Global LNG, Inc.(c)(d)
	495,000		8.375		06/01/31	513,261
Western Midstream Operating LP(c)
	20,000		5.250		02/01/50	17,403
Williams Cos., Inc.
	425,000		5.650	(c)	03/15/33	429,186
	5,000		6.300		04/15/40	5,183
	20,000		5.300	(c)	08/15/52	18,521
						4,759,766
Real Estate Investment Trust(c) – 1.4%
Alexandria Real Estate Equities, Inc.
	350,000		3.375		08/15/31	308,367
	15,000		3.000		05/18/51	9,030

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Real Estate Investment Trust(c) – (continued)
American Homes 4 Rent LP
$	180,000		2.375	%	07/15/31	$    146,196
American Tower Corp.
	55,000		3.125		01/15/27	52,128
	5,000		3.550		07/15/27	4,746
	5,000		3.950		03/15/29	4,721
	10,000		2.100		06/15/30	8,377
	20,000		2.300		09/15/31	16,312
Boston Properties LP
	25,000		2.750		10/01/26	23,324
	40,000		3.400		06/21/29	35,555
Brixmor Operating Partnership LP
	5,000		3.900		03/15/27	4,803
Crown Castle, Inc.
	45,000		4.000		03/01/27	43,486
CubeSmart LP
	90,000		2.500		02/15/32	73,588
Equinix, Inc.
	45,000		2.900		11/18/26	42,489
	20,000		2.500		05/15/31	16,744
GLP Capital LP/GLP Financing II, Inc.
	60,000		5.375		04/15/26	59,520
Host Hotels & Resorts LP
	40,000		3.375		12/15/29	35,714
	224,000		2.900		12/15/31	186,648
Invitation Homes Operating Partnership LP
	300,000		2.300		11/15/28	265,602
Kilroy Realty LP
	397,000		4.750		12/15/28	375,375
	10,000		3.050		02/15/30	8,430
NNN REIT, Inc.
	400,000		4.000		11/15/25	391,756
Omega Healthcare Investors, Inc.
	5,000		4.500		04/01/27	4,841
	15,000		3.625		10/01/29	13,392
Public Storage Operating Co.
	40,000		1.950		11/09/28	35,236
Regency Centers LP
	700,000		2.950		09/15/29	628,222
Retail Opportunity Investments Partnership LP
	550,000		6.750		10/15/28	569,283
Simon Property Group LP
	60,000		3.300		01/15/26	58,144
UDR, Inc.
	150,000		2.100		08/01/32	117,278
VICI Properties LP
	15,000		5.625		05/15/52	13,431
VICI Properties LP/VICI Note Co., Inc.(d)
	590,000		3.750		02/15/27	560,760
Welltower OP LLC
	55,000		4.125		03/15/29	52,554
Weyerhaeuser Co.
	5,000		4.000		11/15/29	4,696
WP Carey, Inc.
	105,000		4.000		02/01/25	103,700

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Real Estate Investment Trust(c) – (continued)
$	425,000		3.850	%	07/15/29	$    396,750
						4,671,198
Retailing – 1.0%
1011778 BC ULC/New Red Finance, Inc.(c)(d)
	745,000		6.125		06/15/29	747,444
Arko Corp.(c)(d)
	470,000		5.125		11/15/29	409,455
AutoNation, Inc.(c)
	317,000		4.500		10/01/25	311,893
	450,000		4.750		06/01/30	430,272
AutoZone, Inc.(c)
	5,000		3.750		04/18/29	4,708
CK Hutchison International 20 Ltd.(c)(d)
	200,000		2.500		05/08/30	172,882
Cougar JV Subsidiary LLC(c)(d)
	165,000		8.000		05/15/32	170,504
Dollar General Corp.(c)
	10,000		3.500		04/03/30	9,134
Home Depot, Inc.
	45,000		5.875		12/16/36	47,691
	10,000		5.950	(c)	04/01/41	10,572
LCM Investments Holdings II LLC(c)(d)
	490,000		8.250		08/01/31	511,849
Lowe’s Cos., Inc.(c)
	425,000		1.700		09/15/28	371,390
McDonald’s Corp.
	45,000		3.500	(c)	07/01/27	43,123
	30,000		6.300		03/01/38	32,172
						3,273,089
Semiconductors(c) – 0.9%
Broadcom Corp./Broadcom Cayman Finance Ltd.
	25,000		3.875		01/15/27	24,199
Broadcom, Inc.(d)
	65,000		4.000		04/15/29	61,922
	302,000		4.150		04/15/32	278,223
	490,000		2.600		02/15/33	396,714
	640,000		3.469		04/15/34	545,433
	651,000		3.137		11/15/35	521,204
	650,000		3.500		02/15/41	498,030
Intel Corp.
	60,000		3.900		03/25/30	56,380
	159,000		5.150		02/21/34	156,998
Micron Technology, Inc.
	50,000		6.750		11/01/29	53,167
NXP BV/NXP Funding LLC/NXP USA, Inc.
	275,000		3.400		05/01/30	248,963
Qorvo, Inc.
	20,000		4.375		10/15/29	18,872
QUALCOMM, Inc.
	35,000		4.650		05/20/35	34,040
						2,894,145

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Software – 1.7%
Autodesk, Inc.(c)
$	10,000		2.850	%	01/15/30	$      8,914
Fiserv, Inc.(c)
	60,000		3.200		07/01/26	57,593
MSCI, Inc.(c)(d)
	760,000		3.875		02/15/31	683,491
Oracle Corp.
	10,000		2.650	(c)	07/15/26	9,476
	2,239,000		2.950	(c)	04/01/30	1,990,292
	500,000		4.650	(c)	05/06/30	489,815
	490,000		2.875	(c)	03/25/31	423,277
	5,000		6.125		07/08/39	5,180
	30,000		3.600	(c)	04/01/40	23,059
	5,000		5.375		07/15/40	4,750
	10,000		4.125	(c)	05/15/45	7,827
	10,000		4.000	(c)	07/15/46	7,625
	10,000		3.950	(c)	03/25/51	7,392
	467,000		6.900	(c)	11/09/52	521,999
Roper Technologies, Inc.(c)
	20,000		2.950		09/15/29	17,988
Salesforce, Inc.(c)
	10,000		2.900		07/15/51	6,443
SS&C Technologies, Inc.(c)(d)
	685,000		6.500		06/01/32	691,124
Take-Two Interactive Software, Inc.(c)
	360,000		3.700		04/14/27	346,169
VMware LLC(c)
	5,000		3.900		08/21/27	4,796
	175,000		1.800		08/15/28	153,228
Workday, Inc.(c)
	225,000		3.500		04/01/27	215,210
	150,000		3.800		04/01/32	134,779
						5,810,427
Telecommunication Services – 2.2%
AT&T, Inc.(c)
	336,000		2.300		06/01/27	310,854
	100,000		1.650		02/01/28	88,812
	500,000		2.750		06/01/31	428,225
	175,000		4.900		08/15/37	163,317
	450,000		3.500		06/01/41	344,254
	65,000		4.750		05/15/46	56,268
	100,000		5.150		11/15/46	92,849
	35,000		4.500		03/09/48	28,860
British Telecommunications PLC
	40,000		9.625		12/15/30	48,841
Cisco Systems, Inc.
	20,000		5.900		02/15/39	21,249
Deutsche Telekom International Finance BV
	50,000		8.750		06/15/30	58,278
Motorola Solutions, Inc.(c)
	55,000		2.750		05/24/31	46,620
Rogers Communications, Inc.(c)
	1,215,000		3.200		03/15/27	1,152,816
	25,000		4.350		05/01/49	19,887

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Telecommunication Services – (continued)
Telefonica Emisiones SA
$	10,000		7.045	%	06/20/36	$     10,893
T-Mobile USA, Inc.(c)
	375,000		1.500		02/15/26	352,076
	5,000		2.625		04/15/26	4,759
	225,000		3.750		04/15/27	216,286
	275,000		2.050		02/15/28	246,867
	520,000		2.875		02/15/31	450,554
	1,500,000		3.500		04/15/31	1,348,095
	350,000		5.200		01/15/33	346,381
	5,000		4.375		04/15/40	4,333
	450,000		3.000		02/15/41	321,592
Verizon Communications, Inc.
	467,000		4.329		09/21/28	454,041
	975,000		2.550	(c)	03/21/31	828,214
	80,000		2.875	(c)	11/20/50	50,317
						7,495,538
Telecommunications – 0.2%
AT&T, Inc.(c)
	694,000		2.550		12/01/33	551,633
Verizon Communications, Inc.
	10,000		4.812		03/15/39	9,274
						560,907
Toys/Games/Hobbies(c) –0.0%
Hasbro, Inc.
	10,000		3.900		11/19/29	9,225
Transportation – 0.0%
Canadian National Railway Co.(c)
	40,000		2.450		05/01/50	23,931
Canadian Pacific Railway Co.
	25,000		5.950		05/15/37	25,859
FedEx Corp.(c)
	5,000		4.550		04/01/46	4,169
	5,000		4.050		02/15/48	3,888
						57,847
TOTAL CORPORATE OBLIGATIONS (Cost $132,033,577)						$127,239,234
Asset-Backed Securities(c) – 15.4%
Automotive(d) –0.3%
Hyundai Auto Lease Securitization Trust Series 2024-B, Class A3
$	1,100,000		5.410	%	05/17/27 $	1,100,492
Collateralized Loan Obligations – 9.8%
1988 CLO 4 Ltd. Series 2024-4A, Class B(b)(d) (3 mo. USD Term SOFR + 2.100%)
	500,000		7.400		04/15/37	503,875
1988 CLO 5 Ltd. Series 2024-5A, Class A1(b)(d) (3 mo. USD Term SOFR + 1.540%)
	675,000		6.865		07/15/37	675,000

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(c) – (continued)
Collateralized Loan Obligations – (continued)
37 Capital CLO 4 Ltd. Series 2023-2A, Class D(b)(d) (3 mo. USD Term SOFR + 5.500%)
$	600,000		10.867	%	01/15/34	$    612,088
AGL CLO 3 Ltd. Series 2020-3A, Class A(b)(d) (3 mo. USD Term SOFR + 1.562%)
	1,300,000		6.890		01/15/33	1,301,576
AMMC CLO XI Ltd. Series 2012-11A, Class A1R2(b)(d) (3 mo. USD Term SOFR + 1.272%)
	452,890		6.601		04/30/31	453,236
ARES LXIV CLO Ltd. Series 2022-64A, Class A1(b)(d) (3 mo. USD Term SOFR + 1.440%)
	1,925,000		6.769		04/15/35	1,926,120
Barings CLO Ltd. Series 2022-4A, Class A(b)(d) (3 mo. USD Term SOFR + 1.990%)
	650,000		7.315		10/20/34	652,254
Carlyle U.S. CLO Ltd. Series 2024-1A, Class A(b)(d) (3 mo. USD Term SOFR + 1.530%)
	1,450,000		6.824		04/15/37	1,460,421
CBAM Ltd. Series 2017-2A, Class AR(b)(d) (3 mo. USD Term SOFR + 1.452%)
	2,000,000		6.769		07/17/34	2,001,980
CIFC Funding Ltd. Series 2023-3A, Class E(b)(d) (3 mo. USD Term SOFR + 7.650%)
	500,000		12.966		01/20/37	514,464
CIFC Funding Ltd. Series 2023-3A, Class B(b)(d) (3 mo. USD Term SOFR + 2.300%)
	400,000		7.616		01/20/37	404,178
Crown City CLO IV Series 2022-4A, Class C1R(b)(d) (3 mo. USD Term SOFR + 4.500%)
	650,000		9.824		04/20/37	658,769
Dryden 68 CLO Ltd. Series 2019-68A, Class AR(b)(d) (3 mo. USD Term SOFR + 1.432%)
	2,200,000		6.760		07/15/35	2,201,650
Empower CLO Ltd. Series 2022-1A, Class A1(b)(d) (3 mo. USD Term SOFR + 2.200%)
	900,000		7.525		10/20/34	903,722
Generate CLO 15 Ltd. Series 2024-15A, Class A(b)(d) (3 mo. USD Term SOFR + 1.570%)
	1,000,000		6.891		07/20/37	1,003,877
HalseyPoint CLO 5 Ltd. Series 2021-5A, Class A1A(b)(d) (3 mo. USD Term SOFR + 1.472%)
	1,300,000		6.801		01/30/35	1,300,052
HalseyPoint CLO 7 Ltd. Series 2023-7A, Class A(b)(d) (3 mo. USD Term SOFR + 2.250%)
	1,750,000		7.575		07/20/36	1,768,277
Hayfin U.S. XII Ltd. Series 2018-8A, Class A(b)(d) (3 mo. USD Term SOFR + 1.382%)
	196,650		6.706		04/20/31	196,729
Invesco CLO Ltd. Series 2021-2A, Class A(b)(d) (3 mo. USD Term SOFR + 1.382%)
	400,000		6.710		07/15/34	400,462
JP Morgan Mortgage Trust Series 2023-HE3, Class A1(b)(d) (1 mo. USD Term SOFR + 1.600%)
	281,126		6.934		05/25/54	282,886

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(c) – (continued)
Collateralized Loan Obligations – (continued)
Katayma CLO I Ltd. Series 2023-1A, Class B(b)(d) (3 mo. USD Term SOFR + 2.650%)
$	600,000		7.975	%	10/20/36	$    608,114
MidOcean Credit CLO VIII Series 2018-8X, Class A2(b) (3 mo. USD Term SOFR + 1.562%)
	500,000		6.887		02/20/31	500,366
Mountain View CLO LLC Series 2016-1A, Class AR(b)(d) (3 mo. USD Term SOFR + 1.622%)
	1,200,000		6.950		04/14/33	1,201,200
Mountain View CLO XVI Ltd. Series 2022-1A, Class A1R(b)(d) (3 mo. USD Term SOFR + 1.460%)
	675,000		6.789		04/15/34	675,000
Neuberger Berman Loan Advisers CLO 44 Ltd. Series 2021-44A, Class D(b)(d) (3 mo. USD Term SOFR + 3.112%)
	550,000		8.439		10/16/34	551,450
Neuberger Berman Loan Advisers CLO 45 Ltd. Series 2021-45A, Class A(b)(d) (3 mo. USD Term SOFR + 1.392%)
	460,000		6.720		10/14/35	460,367
Octagon Investment Partners 40 Ltd. Series 2019-1A, Class A1R(b)(d) (3 mo. USD Term SOFR + 1.432%)
	900,000		6.756		01/20/35	900,577
OHA Credit Funding 15 Ltd. Series 2023-15A, Class A(b)(d) (3 mo. USD Term SOFR + 1.830%)
	900,000		7.155		04/20/35	906,283
OZLM XVII Ltd. Series 2017-17A, Class A1RR(b)(d) (3 mo. USD Term SOFR + 1.150%)
	1,000,000		6.475		07/20/30	1,000,000
Palmer Square Loan Funding Ltd. Series 2024-3A, Class C(b)(d) (3 mo. USD Term SOFR + 2.950%)
	500,000		8.287		08/08/32	500,890
Pikes Peak CLO 3 Series 2019-3A, Class ARR(b)(d) (3 mo. USD Term SOFR + 1.462%)
	900,000		6.785		10/25/34	901,064
Southwick Park CLO LLC Series 2019-4A, Class A1R(b)(d) (3 mo. USD Term SOFR + 1.322%)
	1,000,000		6.646		07/20/32	1,001,290
Sunnova Hestia I Issuer LLC Series 2023-GRID1, Class 1A(d)
	95,607		5.750		12/20/50	96,173
TCW CLO Ltd. Series 2023-1A, Class A1N(b)(d) (3 mo. USD Term SOFR + 2.070%)
	1,800,000		7.395		04/28/36	1,811,792
Venture 41 CLO Ltd. Series 2021-41A, Class A1NR(b)(d) (3 mo. USD Term SOFR + 1.430%)
	1,450,000		6.755		01/20/34	1,447,596
Voya CLO Ltd. Series 2019-2A, Class AR(b)(d) (3 mo. USD Term SOFR + 1.200%)
	1,350,000		6.525		07/20/32	1,350,389
						33,134,167
Home Equity(b) – 0.4%
Citigroup Mortgage Loan Trust, Inc. Series 2005-HE4, Class M2 (1 mo. USD Term SOFR + 0.789%)
	181,706		6.135		10/25/35	175,406

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(c) – (continued)
Home Equity(b) – (continued)
Credit Suisse First Boston Mortgage Securities Corp. Series 2001-HE17, Class A1 (1 mo. USD Term SOFR + 0.734%)
$	339		5.099	%	01/25/32	$        323
Home Equity Asset Trust Series 2002-1, Class A4 (1 mo. USD Term SOFR + 0.714%)
	257		6.060		11/25/32	231
Home Equity Loan Trust Series 2007-FRE1, Class 2AV3 (1 mo. USD Term SOFR + 0.344%)
	411,884		5.690		04/25/37	388,487
Morgan Stanley Mortgage Loan Trust Series 2007-7AX, Class 1A (1 mo. USD Term SOFR + 0.554%)
	2,414,964		5.900		04/25/37	597,065
						1,161,512
Student Loan(b) – 4.9%
AccessLex Institute Series 2004-1, Class A2 (3 mo. USD Term SOFR + 0.472%)
	250,535		5.825		09/26/33	246,959
Balboa Bay Loan Funding Ltd. Series 2023-1A, Class AR(d) (3 mo. USD Term SOFR + 1.420%)
	1,525,000		6.745		04/20/36	1,532,030
CIFC Falcon Ltd. Series 2019-FAL, Class A(d) (3 mo. USD Term SOFR + 1.262%)
	1,000,000		6.586		01/20/33	1,000,000
Contego CLO VII DAC Series 7X, Class A (3 mo. EUR EURIBOR + 0.930%)
EUR 1,000,000			4.822		05/14/32	1,069,503
Diameter Capital CLO 4 Ltd. Series 2022-4A, Class A1R(d) (3 mo. USD Term SOFR + 1.830%)
$	600,000		7.159		01/15/37	605,312
Flatiron CLO 20 Ltd. Series 2020-1A, Class AR(d) (3 mo. USD Term SOFR + 1.380%)
	1,100,000		6.661		05/20/36	1,101,684
Katayma CLO II Ltd. Series 2024-2A, Class B(d) (3 mo. USD Term SOFR + 2.150%)
	600,000		7.438		04/20/37	602,898
Marathon Static CLO Ltd. Series 2022-18A, Class A1R2(d) (3 mo. USD Term SOFR + 1.150%)
	929,057		6.475		07/20/30	929,224
Marble Point CLO XIV Ltd. Series 2018-2A, Class A12R(d) (3 mo. USD Term SOFR + 1.200%)
	1,477,891		6.525		01/20/32	1,478,490
Navient Student Loan Trust Series 2017-2A, Class A(d) (1 mo. USD Term SOFR + 1.164%)
	2,210,881		6.500		12/27/66	2,217,022
Neuberger Berman Loan Advisers CLO 39 Ltd. Series 2020-39A, Class A1R(d) (3 mo. USD Term SOFR + 1.530%)
	1,000,000		6.853		04/20/38	1,007,331
OCP CLO Ltd. Series 2016-11A, Class A1R2(d) (3 mo. USD Term SOFR + 1.420%)
	1,175,000		6.741		04/26/36	1,175,127
Palmer Square Loan Funding Ltd. Series 2022-3A, Class A1BR(d) (3 mo. USD Term SOFR + 1.400%)
	1,000,000		6.729		04/15/31	1,000,883

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(c) – (continued)
Student Loan(b) – (continued)
PHEAA Student Loan Trust Series 2016-1A, Class A(d) (1 mo. USD Term SOFR + 1.264%)
$	503,182		6.600	%	09/25/65	$    503,874
RRE 2 Loan Management DAC Series 2X, Class A2R (3 mo. EUR EURIBOR + 1.450%)
EUR	1,500,000		5.356		07/15/35	1,603,288
Sycamore Tree CLO Ltd. Series 2023-2A, Class DR(d) (3 mo. USD Term SOFR + 4.500%)
$	500,000		9.825		01/20/37	509,830
						16,583,455
TOTAL ASSET-BACKED SECURITIES (Cost $52,059,018)						$ 51,979,626
Bank Loans(g) – 3.8%
Aerospace & Defense(h) – 0.2%
Bleriot U.S. Bidco, Inc.
$	698,237		0.000	%	10/31/30	$    701,030
Automotive - Parts(h) – 0.7%
Adient U.S. LLC
	2,370,750		0.000		01/31/31	2,383,599
Commercial Services(h) – 1.0%
Anticimex International AB
	3,366,562		0.000		11/16/28	3,380,601
Consumer Cyclical Services(b) – 0.2%
IRB Holding Corp. (1 mo. USD Term SOFR + 2.750%)
	673,312		8.194		12/15/27	672,585
Entertainment(b) – 0.1%
SeaWorld Parks & Entertainment, Inc. (1 mo. USD Term SOFR + 2.500%)
	248,750		7.844		08/25/28	248,439
Lodging(h) – 0.2%
Travel & Leisure Co.
	675,000		0.000		12/14/29	676,688
Machinery(b) – 0.2%
Chart Industries, Inc. (3 mo. USD Term SOFR + 3.250%)
	675,000		7.824		03/15/30	676,688
Midstream(h) – 0.9%
AL GCX Holdings LLC
	522,310		0.000		05/17/29	521,004
CQP Holdco LP
	2,375,000		0.000		12/31/30	2,374,145
						2,895,149
Technology - Software – 0.1%
Epicor Software Corp.(h)
	353,522		0.000		05/23/31	354,798
	41,478		0.000		05/30/31	41,628
						396,426

Principal Amount		Interest Rate			Maturity Date	Value
Bank Loans(g) – (continued)
Transportation Services(b) – 0.2%
MH Sub I LLC (1 mo. USD Term SOFR + 4.250%)
$	673,300		9.594	%	05/03/28	$    672,175
TOTAL BANK LOANS (Cost $12,730,477)						$ 12,703,380
Municipal Debt Obligations – 0.9%
California – 0.3%
California State GO Bonds Build America Taxable Series 2009(c)
$	210,000		7.550	%	04/01/39	$    249,630
East Bay Municipal Utility District Water System RB Build America Sub Series 2010
	900,000		5.874		06/01/40	938,327
						1,187,957
Illinois – 0.4%
Illinois State GO Bonds Build America Series 2010
	723,022		7.350		07/01/35	$    772,767
Illinois State GO Bonds Taxable-Pension Series 2003
	498,823		5.100		06/01/33	489,451
						1,262,218
New York – 0.1%
Metropolitan Transportation Authority Revenue Taxable Series 2020
	60,000		5.175		11/15/49	54,118
Port Authority of New York & New Jersey Consolidated Bonds - 192 Series 2015
	375,000		4.810		10/15/65	347,476
						401,594
Ohio – 0.1%
American Municipal Power-Ohio, Inc. RB Build America Taxable Series 2010
	235,000		6.270		02/15/50	248,971
TOTAL MUNICIPAL DEBT OBLIGATIONS (Cost $3,228,401)						$  3,100,740
Sovereign Debt Obligations – 0.8%
Euro – 0.1%
Ivory Coast Government International Bonds
EUR	120,000		4.875	%	01/30/32	$    107,791
	130,000		6.625		03/22/48	107,724
Romania Government International Bonds
	10,000		2.875		03/11/29	9,943
	190,000		3.624	(d)	05/26/30	186,821
	70,000		3.375		01/28/50	49,783
	80,000		3.375	(d)	01/28/50	56,894
						518,956

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount			Interest Rate			Maturity Date	Value
Sovereign Debt Obligations – (continued)
United States Dollar – 0.7%
Dominican Republic International Bonds(c)
$		150,000		7.050	%	02/03/31	$    154,406
		150,000		6.600	(d)	06/01/36	149,475
Ecuador Government International Bonds(d)(i)
		41,572		0.000		07/31/30	19,877
Hungary Government International Bonds
		400,000		6.125		05/22/28	407,500
Ivory Coast Government International Bonds
		200,000		6.125		06/15/33	176,250
Mexico Government International Bonds(c)
		624,000		3.771		05/24/61	383,760
		289,000		3.750		04/19/71	173,544
Panama Government International Bonds(c)
		200,000		4.500		01/19/63	127,800
Peru Government International Bonds(c)
		20,000		2.780		12/01/60	11,219
		100,000		3.230	(j)	07/28/21	56,250
Republic of Poland Government International Bonds(c)
		290,000		5.125		09/18/34	285,331
		350,000		5.500		03/18/54	339,528
Romania Government International Bonds
		70,000		6.375		01/30/34	70,294
							2,355,234
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $3,459,145)							$  2,874,190
U.S. Treasury Obligations – 0.7%
U.S. Treasury Inflation-Indexed Bonds(k)
$		2,742,168		1.500	%	02/15/53	$  2,304,600
U.S. Treasury Notes
		2,600		3.500		04/30/30	2,486
TOTAL U.S. TREASURY OBLIGATIONS (Cost $2,205,639)							$  2,307,086
	Shares		Dividend Rate				Value
Investment Company(l) – 1.3%
Goldman Sachs Financial Square Government Fund — Institutional Shares
		4,265,206		5.213	%		$  4,265,206
(Cost $4,265,206)
TOTAL INVESTMENTS – 126.8% (Cost $439,349,059)							$427,653,524
LIABILITIES IN EXCESS OF  OTHER ASSETS – ( 26.8)%							(90,312,976)
NET ASSETS – 100.0%							$337,340,548

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)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(e)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(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 $93,578,574 which represents approximately 27.9% of net assets as of June 30, 2024.
(g)	Bank Loans often require prepayments from excess cash flows or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. As bank loan positions may involve multiple underlying tranches for which the aggregate position is presented, the stated interest rate represents the weighted average interest rate of all contracts on June 30, 2024. Bank Loans typically have rates of interest which are predetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the Secured Overnight Financing Rate (“SOFR”), and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(h)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.
(i)	Issued with a zero coupon. Income is recognized through the accretion of discount.
(j)	Actual maturity date is July 28, 2121.
(k)	All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.
(l)	Represents an affiliated issuer.

GOLDMAN SACHS 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
JPMorgan Securities, Inc.	AUD	2,179,206	NZD	2,384,712		07/05/24	$	1,403
	AUD	11,831,607	NZD	12,865,629		07/25/24		61,864
	AUD	3,521,503	USD	2,308,162		07/25/24		42,671
	AUD	6,843,726	USD	4,544,601		09/18/24		30,245
	AUD	1,103,232	USD	732,411		09/26/24		5,200
	AUD	179,440	USD	117,695		09/27/24		2,280
	AUD	931,328	USD	609,530		10/02/24		13,224
	AUD	1,267,168	USD	838,232		11/07/24		9,633
	CAD	1,249,199	EUR	839,000		09/18/24		12,866
	CAD	1,829,463	USD	1,332,822		07/31/24		5,404
	CHF	531,166	EUR	552,000		09/18/24		3,470
	CHF	889,300	USD	987,740		08/19/24		8,175
	COP	1,055,011,689	USD	248,912		10/15/24		1,113
	EUR	2,594,521	CHF	2,490,369		07/05/24		5,734
	EUR	1,804,249	CHF	1,710,100		07/25/24		25,312
	EUR	1,746,754	CHF	1,646,616		09/18/24		27,466
	EUR	550,123	CZK	13,747,310		07/12/24		1,649
	EUR	2,929,238	CZK	72,881,290		07/25/24		23,619
	EUR	1,971,469	GBP	1,668,468		07/05/24		2,658
	EUR	1,762,957	GBP	1,491,204		07/25/24		5,011
	EUR	1,999,925	SEK	22,650,480		07/05/24		4,776
	EUR	1,806,217	SEK	20,239,010		07/25/24		24,754
	EUR	1,967,110	USD	2,101,961		07/01/24		4,812
	EUR	15,628,762	USD	16,708,648		07/05/24		32,821
	EUR	3,258,174	USD	3,484,693		07/12/24		6,634
	EUR	686,030	USD	733,332		07/24/24		2,226
	EUR	1,585,995	USD	1,700,504		07/29/24		413
	EUR	1,536,254	USD	1,646,097		08/01/24		1,641
	EUR	568,787	USD	611,930		10/21/24		584
	GBP	349,741	USD	441,841		07/02/24		272
	GBP	919,280	USD	1,161,862		07/05/24		234
	GBP	439,380	USD	555,415		09/27/24		367
	GBP	2,343,776	USD	2,916,548		10/17/24		48,588
	GBP	729,456	USD	922,616		11/04/24		350
	HUF	335,442,592	USD	901,243		10/21/24		4,947
	INR	42,218,793	USD	505,735		07/22/24		289
	MXN	4,481,432	USD	244,573		07/05/24		201
	MXN	10,416,435	USD	558,466		07/12/24		9,850
	MXN	9,733,305	USD	527,608		07/15/24		3,180
	NOK	13,509,579	USD	1,230,578		07/25/24		35,562
	NZD	1,011,280	USD	612,938		07/05/24		3,031
	PLN	7,868,580	EUR	1,813,580		07/25/24		9,485
	PLN	3,747,791	USD	928,333		08/27/24		2,032
	SEK	57,514,110	USD	5,303,882		07/24/24		129,134
	SGD	2,889,558	USD	2,128,996		07/05/24		2,460
	USD	1,464,400	AUD	2,180,919		09/18/24		6,514
	USD	3,343,472	BRL	18,360,137		07/02/24		59,760
	USD	1,080,336	BRL	6,042,857		10/18/24		12,476
	USD	496,961	BRL	2,723,345		10/28/24		16,221
	USD	4,026,857	CHF	3,568,612		09/18/24		16,559
	USD	1,924,993	CNH	13,893,446		09/19/24		10,065
	USD	465,000	CNH	3,328,601		10/15/24		5,277

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN (continued)

Counterparty	Currency Purchased		Currency Sold			Settlement Date		Unrealized Gain
JPMorgan Securities, Inc. (continued)	USD	248,383		COP	984,589,895		07/12/24	$	11,771
	USD	248,912		COP	1,020,039,614		07/22/24		4,201
	USD	248,912		COP	1,024,768,934		07/26/24		3,236
	USD	2,076,869		COP	8,404,077,554		10/15/24		85,209
	USD	5,681,566		EUR	5,290,099		07/01/24		15,872
	USD	839,503		EUR	776,762		07/03/24		7,515
	USD	591,002		EUR	551,416		07/05/24		327
	USD	2,614,284		EUR	2,420,806		07/10/24		20,504
	USD	6,302,679		EUR	5,871,746		07/12/24		10,755
	USD	1,075,278		EUR	977,524		07/17/24		27,543
	USD	1,820,384		EUR	1,664,011		07/24/24		36,241
	USD	800,536		EUR	746,351		07/29/24		104
	USD	14,676,594		EUR	13,575,385		07/30/24		116,811
	USD	2,417,597		EUR	2,220,175		08/06/24		35,698
	USD	863,927		EUR	800,680		09/18/24		3,140
	USD	2,936,581		EUR	2,677,455		09/19/24		57,993
	USD	3,640,838		EUR	3,359,924		10/21/24		22,612
	USD	1,662,446		EUR	1,530,917		10/28/24		13,222
	USD	1,797,776		GBP	1,421,070		07/05/24		1,349
	USD	3,643,427		GBP	2,870,197		07/08/24		15,039
	USD	6,675,464		GBP	5,271,274		07/12/24		11,566
	USD	1,191,861		GBP	937,279		09/18/24		6,352
	USD	213,482		HUF	76,410,527		07/03/24		6,325
	USD	453,550		HUF	167,005,090		07/05/24		818
	USD	1,369,380		HUF	500,694,865		10/21/24		16,765
	USD	901,069		JPY	140,277,276		07/29/24		25,207
	USD	248,286		MXN	4,510,238		07/12/24		2,209
	USD	480,039		MXN	8,443,412		10/18/24		26,343
	USD	614,235		NZD	1,008,067		07/05/24		223
	USD	2,394,338		NZD	3,909,122		07/08/24		13,298
	USD	2,915,456		NZD	4,779,435		07/10/24		4,307
	USD	4,080,122		NZD	6,651,720		07/12/24		28,562
	USD	1,052,790		NZD	1,718,704		08/26/24		5,918
	USD	1,909,337		NZD	3,113,442		09/18/24		12,962
	USD	487,153		PLN	1,961,036		09/18/24		484
	USD	2,147,396		SEK	22,302,741		09/18/24		34,567
	USD	2,477,904		SGD	3,351,753		07/05/24		5,515
	USD	6,701,502		SGD	9,056,377		07/25/24		14,542
	ZAR	27,898,711		USD	1,472,391		09/06/24		53,130
	ZAR	4,405,454		USD	239,881		09/18/24		801
TOTAL								$	1,503,548

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS

Counterparty	Currency Purchased		Currency Sold		Settlement Date		Unrealized Loss
JPMorgan Securities, Inc.	AUD	876,270	USD	588,000		09/26/24	$	(2,133	)
	BRL	18,360,137	USD	3,361,360		07/02/24		(77,647	)
	BRL	8,067,668	USD	1,452,161		08/02/24		(14,539	)
	BRL	8,309,582	USD	1,560,485		10/18/24		(92,062	)
	BRL	4,105,740	USD	783,090		10/28/24		(58,321	)
	CAD	727,116	USD	532,509		09/18/24		(6	)
	CHF	5,521,140	EUR	5,810,971		07/25/24		(66,566	)

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS (continued)

Counterparty	Currency Purchased		Currency Sold		Settlement Date		Unrealized Loss
JPMorgan Securities, Inc. (continued)	CHF	4,393,409	EUR	4,628,769		09/18/24	$	(39,071	)
	CHF	528,557	USD	596,000		09/18/24		(2,023	)
	CLP	94,241,582	USD	100,142		09/23/24		(52	)
	CNH	4,311,144	USD	593,971		07/12/24		(2,812	)
	CNH	16,170,423	USD	2,255,008		10/15/24		(21,660	)
	CNH	5,602,548	USD	778,889		10/16/24		(5,047	)
	COP	5,296,046,826	USD	1,319,676		07/15/24		(47,611	)
	COP	1,031,489,546	USD	248,912		07/22/24		(1,455	)
	COP	1,021,385,348	USD	245,348		07/31/24		(652	)
	COP	7,931,085,561	USD	2,003,230		10/15/24		(123,663	)
	CZK	24,457,970	EUR	980,009		07/12/24		(4,306	)
	CZK	40,332,012	EUR	1,624,627		07/25/24		(16,937	)
	EUR	2,745,233	PLN	12,006,256		07/25/24		(38,078	)
	EUR	441,000	PLN	1,922,033		09/18/24		(2,884	)
	EUR	557,000	SEK	6,325,272		07/05/24		(263	)
	EUR	3,322,989	USD	3,592,151		07/01/24		(33,231	)
	EUR	7,534,936	USD	8,095,499		07/03/24		(24,845	)
	EUR	2,575,985	USD	2,804,733		07/10/24		(44,685	)
	EUR	6,460,832	USD	6,934,583		07/12/24		(11,419	)
	EUR	4,069,977	USD	4,407,007		07/17/24		(44,707	)
	EUR	1,656,532	USD	1,809,793		07/24/24		(33,668	)
	EUR	10,190,838	USD	11,014,644		07/30/24		(84,832	)
	EUR	2,534,781	USD	2,745,945		08/06/24		(26,523	)
	EUR	4,533,344	USD	4,923,404		09/18/24		(49,741	)
	EUR	6,181,978	USD	6,750,257		09/19/24		(103,887	)
	EUR	3,620,568	USD	3,920,814		10/21/24		(21,903	)
	EUR	839,278	USD	918,590		10/23/24		(14,694	)
	GBP	4,510,939	EUR	5,351,034		07/25/24		(34,496	)
	GBP	334,708	USD	426,607		07/02/24		(3,497	)
	GBP	919,797	USD	1,162,761		07/05/24		(12	)
	GBP	1,832,377	USD	2,344,296		07/08/24		(27,879	)
	GBP	5,835,576	USD	7,404,137		07/12/24		(26,853	)
	GBP	2,840,089	USD	3,592,144		08/01/24		(1,303	)
	GBP	525,193	USD	670,077		09/18/24		(5,791	)
	HUF	167,005,090	USD	453,589		07/03/24		(821	)
	HUF	632,225,380	USD	1,763,769		10/21/24		(55,827	)
	JPY	115,466,534	USD	741,698		07/29/24		(20,749	)
	JPY	329,774,657	USD	2,129,283		09/18/24		(54,550	)
	MXN	34,127,969	USD	1,914,158		10/18/24		(80,335	)
	NOK	16,663,507	USD	1,566,475		09/18/24		(2,704	)
	NZD	8,931,958	AUD	8,252,357		07/25/24		(68,496	)
	NZD	978,018	AUD	906,000		09/18/24		(9,933	)
	NZD	1,822,248	USD	1,110,724		07/05/24		(796	)
	NZD	3,909,122	USD	2,412,417		07/08/24		(31,377	)
	NZD	2,956,847	USD	1,828,813		07/10/24		(27,801	)
	NZD	9,033,300	USD	5,531,170		07/12/24		(28,992	)
	NZD	2,502,803	USD	1,526,710		07/22/24		(2,245	)
	NZD	1,692,494	USD	1,036,735		08/26/24		(5,828	)
	NZD	3,034,929	USD	1,858,894		09/13/24		(10,330	)
	PLN	2,296,319	USD	574,257		09/18/24		(4,380	)
	SEK	56,107,538	EUR	4,993,635		07/25/24		(53,991	)
	SGD	2,544,143	USD	1,884,989		07/05/24		(8,325	)
	SGD	4,865,579	USD	3,617,045		07/25/24		(24,446	)
	SGD	1,486,450	USD	1,102,835		09/18/24		(2,510	)
	USD	612,822	AUD	919,102		07/05/24		(386	)

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS (continued)

Counterparty	Currency Purchased		Currency Sold			Settlement Date		Unrealized Loss
JPMorgan Securities, Inc. (continued)	USD	2,325,511		AUD	3,547,971		07/25/24	$	(42,992	)
	USD	2,372,259		AUD	3,637,863		09/26/24		(59,985	)
	USD	1,005,437		AUD	1,508,533		11/07/24		(3,925	)
	USD	1,312,839		CAD	1,802,034		07/31/24		(5,323	)
	USD	2,576,965		CAD	3,528,560		09/18/24		(7,174	)
	USD	1,055,184		CHF	950,022		08/19/24		(8,734	)
	USD	7,230,860		EUR	6,758,175		07/03/24		(7,807	)
	USD	3,691,443		EUR	3,450,430		07/05/24		(4,644	)
	USD	2,358,259		EUR	2,201,512		07/10/24		(558	)
	USD	9,408,578		EUR	8,782,000		07/12/24		(1,855	)
	USD	1,030,509		EUR	961,745		07/17/24		(312	)
	USD	3,743,684		EUR	3,494,743		09/18/24		(13,409	)
	USD	3,091,640		EUR	2,890,666		09/19/24		(16,174	)
	USD	1,879,225		EUR	1,751,374		10/21/24		(6,790	)
	USD	1,137,879		GBP	900,693		07/02/24		(700	)
	USD	715,456		GBP	565,985		09/27/24		(472	)
	USD	2,819,857		GBP	2,258,331		10/17/24		(37,182	)
	USD	243,984		HUF	90,594,563		07/03/24		(1,628	)
	USD	1,696,906		INR	142,176,909		09/18/24		(4,019	)
	USD	807,497		MXN	15,253,048		09/18/24		(15,967	)
	USD	1,212,156		NOK	13,307,332		07/25/24		(35,029	)
	USD	1,229,913		NZD	2,022,497		07/05/24		(1,987	)
	USD	922,160		PLN	3,718,980		08/27/24		(1,053	)
	USD	5,118,930		SEK	55,508,534		07/24/24		(124,630	)
	USD	597,000		SGD	810,648		07/05/24		(967	)
	USD	245,348		ZAR	4,467,297		07/05/24		(102	)
	USD	1,596,679		ZAR	30,233,896		09/06/24		(56,533	)
	USD	1,207,760		ZAR	22,313,158		09/18/24		(11,265	)
	ZAR	2,804,840		USD	154,570		07/12/24		(544	)
	ZAR	3,628,702		USD	198,724		09/06/24		(304	)
TOTAL								$	(2,178,640	)

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		08/20/24	$	(1,000,000)	$	(872,377)
Government National Mortgage Association		3.000			TBA -30yr		07/20/24		(1,000,000)		(871,986)
Government National Mortgage Association		5.000			TBA -30yr		07/20/24		(1,000,000)		(973,643)
Uniform Mortgage-Backed Security		2.000			TBA -30yr		07/01/24		(3,000,000)		(2,346,328)
Uniform Mortgage-Backed Security		4.000			TBA -30yr		07/01/24		(1,000,000)		(914,844)
Uniform Mortgage-Backed Security		4.500			TBA -30yr		07/01/24		(39,000,000)		(36,762,063)
Uniform Mortgage-Backed Security		5.000			TBA -30yr		07/01/24		(14,000,000)		(13,530,230)
Uniform Mortgage-Backed Security		6.500			TBA -30yr		07/01/24		(12,000,000)		(12,212,806)
Uniform Mortgage-Backed Security		7.000			TBA -30yr		07/01/24		(4,000,000)		(4,112,529)
(PROCEEDS RECEIVED: $(72,778,633))										$	(72,596,806)

(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 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.S. Treasury Notes	238	09/19/24	$	26,176,281		$	(102,687	)
2 Year U.S. Treasury Notes	32	09/30/24		6,535,000			(3,387	)
20 Year U.S. Treasury Bonds	102	09/19/24		12,067,875			141,122
5 Year U.S. Treasury Notes	454	09/30/24		48,386,469			232,080
Ultra 10-Year U.S. Treasury Note	5	09/19/24		567,656			(2,822	)
Ultra Long U.S. Treasury Bonds	191	09/19/24		23,940,656			134,689
Total						$	398,995
Short position contracts:
10 Year U.K. Long Gilt	(1)	09/26/24		(123,338	)		(457	)
5 Year German Euro-Oat	(1)	09/06/24		(131,855	)		1,648
Euro-Buxl	(1)	09/06/24		(139,481	)		(2,037	)
Total						$	(846	)
TOTAL FUTURES CONTRACTS						$	398,149

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)
1M BID Average(b)	12.060%(b)	01/02/25	BRL	4,500	$	(4,281	)	$	48,324		$	(52,605	)
1M BID Average(b)	12.064(b)	01/02/25		5,320		4,022			56,904			(52,882	)
1M BID Average(b)	10.850(b)	01/02/26		16,520		(50,535	)		2,927			(53,462	)
9.750%(b)	1M BID Average(b)	01/02/26		1,520		6,891			4,619			2,272
12M EURO(c)	2.250(c)	02/17/26	EUR	20,280		(125,822	)		(53,388	)		(72,434	)
3.750(c)	12M SOFR(c)	02/18/26	$	17,470		102,082			69,784			32,298
4.223(c)	12M SOFR(c)	04/11/26		7,370		2,139			(50	)		2,189
4.426(c)	12M SOFR(c)	04/16/26		9,830		(16,651	)		3,802			(20,453	)
2.980(c)	6M EURO(d)	04/24/26	EUR	19,180		(3,178	)		(70,424	)		67,246
4.172(c)	12M SOFR(c)	05/20/26	$	6,130		338			341			(3	)
6M CLICP(d)	4.500(d)	06/21/26	CLP	300,720		(4,870	)		(3,092	)		(1,778	)
12M SOFR(e)	4.730(e)	06/30/26	$	30,130		126,660			11,406			115,254
10.000(b)	Mexico Interbank TIIE 28 Days(b)	09/16/26	MXN	17,570		1,062			6,383			(5,321	)
3M CNRR(f)	1.750(f)	09/18/26	CNY	7,040		(844	)		(1,500	)		656
1.250(e)	12M CHFOR(e)	09/18/26	CHF	17,820		(158,904	)		(105,380	)		(53,524	)
2.250(e)	12M EURO(e)	09/18/26	EUR	6,990		90,544			67,038			23,506
6.500(d)	12M MIBOR(d)	09/18/26	INR	103,040		238			309			(71	)
3.750(e)	12M SOFR(e)	09/18/26	$	29,560		362,302			343,843			18,459
3M STIBOR(f)	3.000(e)	09/18/26	SEK	362,340		154,416			(15,701	)		170,117
12M CDOR(d)	3.500(d)	09/18/26	CAD	40,100		(162,988	)		(155,813	)		(7,175	)
4.000(f)	3M AUDOR(f)	09/18/26	AUD	111,650		457,377			(169,942	)		627,319
12M GBP(e)	4.000(e)	09/18/26	GBP	34,710		(295,024	)		(302,628	)		7,604
6M NIBOR(d)	4.250(e)	09/18/26	NOK	348,500		(41,048	)		51,099			(92,147	)
4.250(e)	6M PRIBO(d)	09/18/26	CZK	28,120		(7,177	)		(7,037	)		(140	)

GOLDMAN SACHS 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)
5.500%(e)	6M WIBOR(d)	09/18/26	PLN	5,380	$	(6,637	)	$	(4,204	)	$	(2,433	)
4.250(e)	12M GBP(e)	09/26/26	GBP	3,350		7,676			(220	)		7,896
4.250(e)	12M SOFR(e)	09/26/26	$	4,750		12,176			5,447			6,729
4.000(f)	3M AUDOR(f)	09/26/26	AUD	6,000		24,197			7,597			16,600
3.000(e)	6M EURO(d)	09/26/26	EUR	3,710		5,368			1			5,367
11.230(b)	1M BID Average(b)	01/04/27	BRL	2,840		13,702			4,554			9,148
10.286(b)	1M BID Average(b)	01/04/27		3,450		21,475			—			21,475
12M SOFR(e)	3.350%(e)	10/06/27	$	52,180		(474,374	)		(306,392	)		(167,982	)
12M SOFR(e)	3.804(e)	04/13/28		15,780		18,250			4,289			13,961
6M EURO(d)	2.500(e)	05/14/28	EUR	21,530		(66,039	)		(32,249	)		(33,790	)
12M SOFR(e)	3.696(e)	09/22/28	$	36,080		5,336			(76,498	)		81,834
4.301(e)	12M SOFR(e)	11/30/28		59,050		(563,449	)		(15,614	)		(547,835	)
11.500(b)	1M BID Average(b)	01/02/29	BRL	2,750		7,727			(11,507	)		19,234
10.250(b)	1M BID Average(b)	01/02/29		12,060		114,533			77,428			37,105
2.250(e)	12M EURO(e)	09/18/29	EUR	10,160		195,404			188,701			6,703
0.500(e)	12M JYOR(e)	09/18/29	JPY	10,534,400		744,159			689,472			54,687
6.500(d)	12M MIBOR(d)	09/18/29	INR	74,770		(3,168	)		(1,696	)		(1,472	)
3.500(e)	12M SOFR(e)	09/18/29	$	1,890		41,022			35,736			5,286
3M STIBOR(f)	2.750(e)	09/18/29	SEK	51,160		50,421			48,703			1,718
12M CDOR(d)	3.000(d)	09/18/29	CAD	3,060		(35,447	)		(37,539	)		2,092
12M GBP(e)	3.750(e)	09/18/29	GBP	4,210		(36,268	)		(35,334	)		(934	)
2.000(f)	3M CNRR(f)	09/18/29	CNY	8,560		(3,497	)		2,027			(5,524	)
6M NIBOR(d)	4.000(e)	09/18/29	NOK	92,830		39,322			84,167			(44,845	)
3M NZDOR(f)	4.500(d)	09/18/29	NZD	9,340		27,735			2,202			25,533
2.500(e)	6M EURO(d)	09/18/29	EUR	1,030		16,308			16,191			117
12M SOFR(e)	4.024(e)	04/16/30	$	17,040		145,365			(73,670	)		219,035
6M EURO(d)	2.710(e)	04/24/30	EUR	14,680		(7,092	)		(33,580	)		26,488
2.680(e)	12M SOFR(e)	07/28/32	$	10,090		421,643			125,890			295,753
6M EURO(d)	3.000(e)	11/10/33	EUR	7,030		75,417			57,475			17,942
12M EURO(e)	2.370(e)	01/19/34		13,880		(227,968	)		(12,593	)		(215,375	)
2.535(e)	6M EURO(d)	01/19/34		13,880		192,107			13,930			178,177
12M SOFR(e)	3.789(e)	05/21/34	$	10,250		(8,115	)		4,170			(12,285	)
5.000(d)	6M CLICP(d)	06/21/34	CLP	81,440		2,546			1,985			561
9.250(b)	Mexico Interbank TIIE 28 Days(b)	09/06/34	MXN	6,180		2,104			7,667			(5,563	)
12M CHFOR(e)	1.250(e)	09/18/34	CHF	770		22,203			8,771			13,432
3M JIBAR(f)	10.000(f)	09/18/34	ZAR	5,290		13,179			7,172			6,007
3.500(e)	12M GBP(e)	09/18/34	GBP	460		16,115			15,688			427
3.750(e)	12M SOFR(e)	09/18/34	$	850		11,380			8,566			2,814
6M EURO(d)	2.500(e)	09/18/34	EUR	7,110		(204,624	)		(176,191	)		(28,433	)
3M STIBOR(f)	2.750(e)	09/18/34	SEK	20,620		29,728			30,804			(1,076	)
12M CDOR(d)	3.250(d)	09/18/34	CAD	1,960		(18,238	)		(21,929	)		3,691
12M SOFR(e)	3.750(e)	09/18/34	$	1,090		(14,595	)		(7,015	)		(7,580	)
4.750(d)	3M NZDOR(f)	09/18/34	NZD	160		(2,137	)		(2,141	)		4
6M PRIBO(d)	4.000(e)	09/18/34	CZK	6,820		2,958			(315	)		3,273
6M AUDOR(d)	4.500(d)	09/18/34	AUD	1,350		(3,573	)		(678	)		(2,895	)
6M WIBOR(d)	5.500(e)	09/18/34	PLN	1,010		7,592			4,888			2,704
2.500(e)	6M EURO(d)	09/18/34	EUR	3,260		93,822			87,157			6,665
3.750(e)	6M NIBOR(d)	09/18/34	NOK	17,790		1,825			(10,228	)		12,053
3M KWCDC(f)	3.250(f)	09/19/34	KRW	641,710		4,466			(2,431	)		6,897
3.992(e)	12M SOFR(e)	04/16/35	$	9,420		(115,635	)		52,306			(167,941	)
2.740(e)	6M EURO(d)	04/24/35	EUR	7,840		22,501			(35,878	)		58,379
3.240(e)	12M SOFR(e)	10/06/35	$	12,040		534,187			66,758			467,429
3.781(e)	12M SOFR(e)	09/22/36		8,140		12,691			119,870			(107,179	)

GOLDMAN SACHS 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(e)	2.910%(e)	07/28/37	$	27,130	$	(917,566	)	$	(375,955	)	$	(541,611	)
6M EURO(d)	2.152(e)	08/09/37	EUR	6,920		(209,265	)		(678,655	)		469,390
12M SOFR(e)	3.391(e)	05/10/38	$	4,080		(74,369	)		(98,070	)		23,701
6M EURO(d)	3.000(e)	01/25/39	EUR	7,960		23,991			21,178			2,813
1.451%(e)	6M EURO(d)	08/10/42		17,610		749,223			(645,692	)		1,394,915
2.500(e)	6M EURO(d)	01/25/44		19,040		11,348			(2,459	)		13,807
2.080(e)	12M SOFR(e)	07/28/47	$	26,920		838,270			432,164			406,106
6M EURO(d)	1.051(e)	08/11/47	EUR	10,280		(339,501	)		(814,862	)		475,361
6M EURO(d)	2.000(e)	01/25/49		11,360		(6,273	)		(11,408	)		5,135
2.564(e)	12M SOFR(e)	05/11/53	$	3,950		101,709			(5,484	)		107,193
2.000(e)	6M EURO(d)	05/17/53	EUR	4,660		74,927			23,706			51,221
2.500(e)	6M EURO(d)	11/10/53		3,790		(123,302	)		(170,178	)		46,876
3.380(e)	12M SOFR(e)	04/11/54	$	4,350		1,475			(2,594	)		4,069
3.343(e)	12M SOFR(e)	05/20/54		5,860		12,576			5,304			7,272
2.500(e)	6M EURO(d)	09/18/54	EUR	3,270		19,027			(1,172	)		20,199
TOTAL					$	1,764,803		$	(1,660,643	)	$	3,425,446

(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 monthly.

(c) Payments made at maturity.

(d) Payments made semi-annually.

(e) Payments made annually.

(f) Payments made quarterly.

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	$	2,000	$	(278,670	)	$	(255,618	)	$	(23,052	)

(a) Payments made at 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.

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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:
CDX.NA.IG Index 42		1.000%		0.538%		06/20/29	$	31,170	$	646,170	$	636,440	$	9,730
General Electric Co., 6.750%, 03/15/32		1.000		0.103		06/20/26		1,525		26,457		8,185		18,272
TOTAL									$	672,627	$	644,625	$	28,002

(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
7M IRS	BNP Paribas SA		2.250	%	11/10/2025		17,170,000	$	17,170,000		$	38,887		$	45,150		$	(6,263	)
1Y IRS	Capital Securities Corp.		2.500		05/29/2025		16,910,000		16,910,000			30,734			22,163			8,571
6M IRS	Capital Securities Corp.		2.375		11/28/2025		17,140,000		17,140,000			47,823			38,194			9,629
1Y IRS	Citibank NA		2.500		05/09/2025		16,910,000		16,910,000			27,485			34,101			(6,616	)
Total purchased option contracts							68,130,000	$	68,130,000		$	144,929		$	139,608		$	5,321
Written option contracts
Calls
7M IRS	BNP Paribas SA		2.316		11/10/2025		(1,910,000)		(1,910,000	)		(36,252	)		(45,168	)		8,916
1M IRS	BofA Securities LLC		2.773		07/26/2024		(2,450,000)		(2,450,000	)		(14,242	)		(20,182	)		5,940
1Y IRS	Capital Securities Corp.		2.333		05/29/2025		(1,880,000)		(1,880,000	)		(25,675	)		(22,122	)		(3,553	)
6M IRS	Capital Securities Corp.		2.398		11/28/2025		(1,910,000)		(1,910,000	)		(42,155	)		(38,182	)		(3,973	)
1M IRS	Citibank NA		2.796		07/10/2024		(2,420,000)		(2,420,000	)		(9,581	)		(19,103	)		9,522
1M IRS	Citibank NA		2.738		07/17/2024		(2,470,000)		(2,470,000	)		(8,457	)		(20,569	)		12,112
1M IRS	Citibank NA		3.915		07/29/2024		(2,550,000)		(2,550,000	)		(235	)		(23,496	)		23,261
1Y IRS	Citibank NA		2.355		05/09/2025		(1,880,000)		(1,880,000	)		(25,190	)		(34,055	)		8,865
1M IRS	Deutsche Bank AG (London)		3.860		07/17/2024		(2,580,000)		(2,580,000	)		(12,009	)		(24,155	)		12,146
1M IRS	MS & Co. Int. PLC		4.065		07/10/2024		(2,530,000)		(2,530,000	)		(30,220	)		(21,458	)		(8,762	)
1M IRS	MS & Co. Int. PLC		3.830		07/24/2024		(2,580,000)		(2,580,000	)		(12,776	)		(22,898	)		10,122
1M IRS	UBS AG (London)		2.764		07/03/2024		(2,430,000)		(2,430,000	)		(2,529	)		(19,157	)		16,628
							(27,590,000)	$	(27,590,000	)	$	(219,321	)	$	(310,545	)	$	91,224
Puts
1M IRS	BofA Securities LLC		2.773		07/26/2024		(2,450,000)		(2,450,000	)		(26,848	)		(20,182	)		(6,666	)
1M IRS	Citibank NA		2.796		07/10/2024		(2,420,000)		(2,420,000	)		(18,154	)		(19,103	)		949
1M IRS	Citibank NA		2.738		07/17/2024		(2,470,000)		(2,470,000	)		(29,933	)		(20,569	)		(9,364	)
1M IRS	Citibank NA		3.915		07/29/2024		(2,550,000)		(2,550,000	)		(235	)		(23,496	)		23,261
1M IRS	Deutsche Bank AG (London)		3.860		07/17/2024		(2,580,000)		(2,580,000	)		(29,999	)		(24,155	)		(5,844	)
1M IRS	MS & Co. Int. PLC		4.065		07/10/2024		(2,530,000)		(2,530,000	)		(6,227	)		(21,458	)		15,231
1M IRS	MS & Co. Int. PLC		3.830		07/24/2024		(2,580,000)		(2,580,000	)		(36,328	)		(22,898	)		(13,430	)
1M IRS	UBS AG (London)		2.764		07/03/2024		(2,430,000)		(2,430,000	)		(18,828	)		(19,157	)		329
							(20,010,000)	$	(20,010,000	)	$	(166,552	)	$	(171,018	)	$	4,466
Total written option contracts							(47,600,000)	$	(47,600,000	)	$	(385,873	)	$	(481,563	)	$	95,690
TOTAL							20,530,000	$	20,530,000		$	(240,944	)	$	(341,955	)	$	101,011

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER-THE-COUNTER OPTIONS ON FOREIGN CURRENCY

Description	Counterparty	Exercise Price		Expiration Date	Number of Contracts		Notional Amount		Market Value		Premiums Paid (Received) by Fund		Unrealized Appreciation/ (Depreciation)
Purchased option contracts
Calls
Call USD/Put BRL	Barclays Bank PLC	$	5.698	10/16/2024		4,756,000	$	4,756,000	$	137,957	$	110,672	$	27,285
Call USD/Put BRL	Barclays Bank PLC		5.350	10/24/2024		2,319,000		2,319,000		149,608		57,952		91,656
Call USD/Put BRL	Barclays Bank PLC		5.590	10/24/2024		2,391,000		2,391,000		92,704		56,762		35,942
Call EUR/Put USD	BNP Paribas SA		1.089	08/02/2024		550,000		550,000		1,408		11,042		(9,634	)
Call USD/Put COP	BofA Securities LLC		4,020.000	10/10/2024		4,657,000		4,657,000		263,237		122,395		140,842
Call USD/Put ZAR	Citibank NA		20.860	09/04/2024		9,494,000		9,494,000		18,637		141,769		(123,132	)
Call USD/Put ZAR	Citibank NA		19.270	09/04/2024		1,078,530		1,078,530		9,713		9,232		481
Call USD/Put CNH	Deutsche Bank AG (London)		7.239	10/10/2024		2,329,000		2,329,000		20,351		21,893		(1,542	)
Call USD/Put HUF	Deutsche Bank AG (London)		379.000	10/17/2024		2,775,000		2,775,000		42,835		66,017		(23,182	)
Call USD/Put MXN	Deutsche Bank AG (London)		18.550	07/11/2024		2,381,000		2,381,000		17,767		42,913		(25,146	)
Call USD/Put MXN	Deutsche Bank AG (London)		17.623	10/16/2024		2,317,000		2,317,000		139,050		56,120		82,930
Call AUD/Put USD	JPMorgan Securities, Inc.		0.663	11/05/2024		2,673,000		2,673,000		45,693		45,858		(165	)
Call USD/Put CNH	JPMorgan Securities, Inc.		7.254	10/14/2024		2,327,500		2,327,500		18,411		23,554		(5,143	)
Call EUR/Put USD	MS & Co. Int. PLC		1.101	07/22/2024		1,076,000		1,076,000		280		17,807		(17,527	)
Call EUR/Put USD	MS & Co. Int. PLC		1.083	10/24/2024		1,625,000		1,625,000		19,606		27,236		(7,630	)
Call USD/Put CNH	MS & Co. Int. PLC		7.235	10/10/2024		2,362,000		2,362,000		21,308		22,125		(817	)
Call EUR/Put USD	UBS AG (London)		1.106	07/15/2024		1,076,000		1,076,000		58		17,553		(17,495	)
Call USD/Put COP	UBS AG (London)		4,190.000	10/10/2024		4,781,000		4,781,000		159,509		109,332		50,177
Call USD/Put ZAR	UBS AG (London)		19.270	09/04/2024		1,187,000		1,187,000		10,690		9,579		1,111
						52,155,030	$	52,155,030	$	1,168,822	$	969,811	$	199,011
Puts
Put AUD/Call USD	Barclays Bank PLC		0.621	09/24/2024		9,014,000		9,014,000		9,892		46,963		(37,071	)
Put EUR/Call USD	Barclays Bank PLC		1.089	09/16/2024		2,169,000		2,169,000		42,314		26,635		15,679
Put GBP/Call USD	Barclays Bank PLC		1.260	07/30/2024		7,535,000		7,535,000		49,597		51,423		(1,826	)
Put EUR/Call USD	BNP Paribas SA		1.089	08/02/2024		550,000		550,000		9,996		11,042		(1,046	)
Put EUR/Call USD	BNP Paribas SA		1.061	09/16/2024		6,507,000		6,507,000		47,833		33,974		13,859
Put EUR/Call USD	BNP Paribas SA		1.086	09/17/2024		2,164,000		2,164,000		38,979		24,292		14,687
Put EUR/Call USD	BNP Paribas SA		1.062	10/17/2024		2,175,000		2,175,000		20,454		24,577		(4,123	)
Put GBP/Call USD	BNP Paribas SA		1.270	07/04/2024		5,605,000		5,605,000		37,715		27,479		10,236

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER-THE-COUNTER OPTIONS ON FOREIGN CURRENCY (continued)

Description	Counterparty	Exercise Price		Expiration Date	Number of Contracts	Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)
Put GBP/Call USD	BNP Paribas SA	$	1.254	10/31/2024	1,885,000	$	1,885,000		$	27,212		$	27,331		$	(119	)
Put AUD/Call USD	BofA Securities LLC		0.622	09/25/2024	9,110,000		9,110,000			10,811			46,520			(35,709	)
Put EUR/Call USD	BofA Securities LLC		1.073	07/08/2024	4,410,000		4,410,000			27,662			23,315			4,347
Put EUR/Call USD	BofA Securities LLC		1.067	07/25/2024	2,256,000		2,256,000			12,701			14,157			(1,456	)
Put NZD/Call USD	BofA Securities LLC		0.613	07/04/2024	7,753,000		7,753,000			36,919			27,173			9,746
Put NZD/Call USD	BofA Securities LLC		0.614	07/08/2024	7,774,000		7,774,000			44,226			29,900			14,326
Put NZD/Call USD	BofA Securities LLC		0.604	07/18/2024	7,868,000		7,868,000			22,318			28,569			(6,251	)
Put EUR/Call USD	Deutsche Bank AG (London)		1.075	07/01/2024	6,553,000		6,553,000			35,314			28,695			6,619
Put GBP/Call USD	HSBC Bank PLC		1.233	10/15/2024	4,977,000		4,977,000			36,251			94,508			(58,257	)
Put EUR/Call USD	JPMorgan Securities, Inc.		1.085	07/08/2024	6,625,000		6,625,000			93,073			32,850			60,223
Put EUR/Call USD	MS & Co. Int. PLC		1.101	07/22/2024	1,076,000		1,076,000			31,234			17,807			13,427
Put EUR/Call USD	MS & Co. Int. PLC		1.083	10/24/2024	1,625,000		1,625,000			28,960			27,236			1,724
Put AUD/Call USD	UBS AG (London)		0.623	09/30/2024	9,073,000		9,073,000			12,196			45,052			(32,856	)
Put EUR/Call USD	UBS AG (London)		1.106	07/15/2024	1,076,000		1,076,000			36,784			17,553			19,231
Put EUR/Call USD	UBS AG (London)		1.071	07/15/2024	6,654,000		6,654,000			41,339			45,249			(3,910	)
Put EUR/Call USD	UBS AG (London)		1.066	07/30/2024	4,453,000		4,453,000			24,936			28,264			(3,328	)
Put EUR/Call USD	UBS AG (London)		1.058	09/17/2024	6,493,000		6,493,000			43,148			34,363			8,785
Put EUR/Call USD	UBS AG (London)		1.062	10/17/2024	2,175,000		2,175,000			20,454			19,586			868
Put EUR/Call USD	UBS AG (London)		1.086	10/21/2024	2,164,000		2,164,000			41,723			25,710			16,013
Put NZD/Call USD	UBS AG (London)		0.607	09/11/2024	7,789,000		7,789,000			64,593			63,395			1,198
					137,508,000	$	137,508,000		$	948,634		$	923,618		$	25,016
Total purchased option contracts					189,663,030	$	189,663,030		$	2,117,456		$	1,893,429		$	224,027
Written option contracts
Calls
Call EUR/Put GBP	Barclays Bank PLC		0.852	07/04/2024	(1,981,000)		(1,981,000	)		(1,640	)		(8,595	)		6,955
Call EUR/Put PLN	Barclays Bank PLC		4.260	07/01/2024	(982,000)		(982,000	)		(12,593	)		(5,855	)		(6,738	)
Call USD/Put BRL	Barclays Bank PLC		5.350	10/24/2024	(2,319,000)		(2,319,000	)		(149,608	)		(99,230	)		(50,378	)
Call EUR/Put USD	BNP Paribas SA		1.083	10/24/2024	(1,625,000)		(1,625,000	)		(19,606	)		(30,070	)		10,464
Call AUD/Put NZD	BofA Securities LLC		1.077	07/09/2024	(3,258,000)		(3,258,000	)		(36,620	)		(10,150	)		(26,470	)
Call EUR/Put CHF	BofA Securities LLC		0.982	07/01/2024	(1,966,000)		(1,966,000	)		(4	)		(12,410	)		12,406
Call USD/Put SGD	BofA Securities LLC		1.349	07/09/2024	(2,163,000)		(2,163,000	)		(12,967	)		(9,225	)		(3,742	)
Call USD/Put SGD	BofA Securities LLC		1.349	07/18/2024	(2,175,000)		(2,175,000	)		(14,277	)		(9,250	)		(5,027	)
Call USD/Put SGD	BofA Securities LLC		1.355	07/30/2024	(2,140,000)		(2,140,000	)		(9,134	)		(9,658	)		524
Call AUD/Put NZD	Citibank NA		1.093	07/30/2024	(3,240,000)		(3,240,000	)		(14,466	)		(11,632	)		(2,834	)
Call AUD/Put NZD	Citibank NA		1.096	08/09/2024	(3,222,000)		(3,222,000	)		(14,530	)		(13,482	)		(1,048	)
Call EUR/Put CHF	Citibank NA		0.959	07/25/2024	(2,030,000)		(2,030,000	)		(16,994	)		(16,190	)		(804	)
Call EUR/Put CZK	Citibank NA		24.620	07/09/2024	(994,000)		(994,000	)		(18,842	)		(4,590	)		(14,252	)
Call EUR/Put GBP	Citibank NA		0.846	07/18/2024	(2,025,000)		(2,025,000	)		(14,855	)		(14,524	)		(331	)

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER-THE-COUNTER OPTIONS ON FOREIGN CURRENCY (continued)

Description	Counterparty	Exercise Price		Expiration Date	Number of Contracts	Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)
Call USD/Put ZAR	Citibank NA	$	19.270	09/04/2024	(4,748,000)	$	(4,748,000	)	$	(42,760	)	$	(177,419	)	$	134,659
Call USD/Put MXN	Deutsche Bank AG (London)		19.429	07/11/2024	(2,381,000)		(2,381,000	)		(2,876	)		(16,567	)		13,691
Call EUR/Put PLN	HSBC Bank PLC		4.340	07/15/2024	(998,000)		(998,000	)		(2,986	)		(7,679	)		4,693
Call AUD/Put NZD	JPMorgan Securities, Inc.		1.095	08/01/2024	(3,218,000)		(3,218,000	)		(13,119	)		(12,032	)		(1,087	)
Call AUD/Put USD	JPMorgan Securities, Inc.		0.663	11/05/2024	(2,673,000)		(2,673,000	)		(45,693	)		(43,265	)		(2,428	)
Call AUD/Put NZD	MS & Co. Int. PLC		1.077	07/15/2024	(3,255,548)		(3,255,548	)		(37,192	)		(11,188	)		(26,004	)
Call EUR/Put CHF	MS & Co. Int. PLC		0.956	07/22/2024	(2,022,000)		(2,022,000	)		(20,873	)		(17,739	)		(3,134	)
Call EUR/Put SEK	MS & Co. Int. PLC		11.350	07/04/2024	(1,976,000)		(1,976,000	)		(7,070	)		(14,000	)		6,930
Call USD/Put COP	UBS AG (London)		4,020.000	10/10/2024	(4,657,000)		(4,657,000	)		(263,237	)		(190,074	)		(73,163	)
					(56,048,548)	$	(56,048,548	)	$	(771,942	)	$	(744,824	)	$	(27,118	)
Puts
Put EUR/Call GBP	Barclays Bank PLC		0.852	07/04/2024	(1,981,000)		(1,981,000	)		(13,003	)		(8,595	)		(4,408	)
Put EUR/Call PLN	Barclays Bank PLC		4.260	07/01/2024	(982,000)		(982,000	)		(1	)		(5,855	)		5,854
Put GBP/Call USD	Barclays Bank PLC		1.270	07/04/2024	(5,605,000)		(5,605,000	)		(37,715	)		(46,093	)		8,378
Put EUR/Call USD	BNP Paribas SA		1.075	07/01/2024	(2,162,490)		(2,162,490	)		(11,654	)		(5,234	)		(6,420	)
Put EUR/Call USD	BNP Paribas SA		1.089	09/16/2024	(2,169,000)		(2,169,000	)		(42,314	)		(27,199	)		(15,115	)
Put EUR/Call USD	BNP Paribas SA		1.062	10/17/2024	(4,350,000)		(4,350,000	)		(40,907	)		(67,499	)		26,592
Put EUR/Call USD	BNP Paribas SA		1.083	10/24/2024	(1,625,000)		(1,625,000	)		(28,960	)		(30,070	)		1,110
Put GBP/Call USD	BNP Paribas SA		1.233	10/15/2024	(4,977,000)		(4,977,000	)		(36,251	)		(89,783	)		53,532
Put AUD/Call NZD	BofA Securities LLC		1.077	07/09/2024	(3,258,000)		(3,258,000	)		(37	)		(10,150	)		10,113
Put AUD/Call USD	BofA Securities LLC		0.648	09/25/2024	(3,644,000)		(3,644,000	)		(15,735	)		(44,043	)		28,308
Put EUR/Call CHF	BofA Securities LLC		0.982	07/01/2024	(1,966,000)		(1,966,000	)		(43,445	)		(12,410	)		(31,035	)
Put EUR/Call USD	BofA Securities LLC		1.085	07/08/2024	(4,438,764)		(4,438,764	)		(62,359	)		(50,044	)		(12,315	)
Put EUR/Call USD	BofA Securities LLC		1.073	07/08/2024	(4,410,000)		(4,410,000	)		(27,662	)		(31,190	)		3,528
Put NZD/Call USD	BofA Securities LLC		0.614	07/08/2024	(7,774,000)		(7,774,000	)		(44,226	)		(50,168	)		5,942
Put USD/Call SGD	BofA Securities LLC		1.349	07/09/2024	(2,163,000)		(2,163,000	)		(1,947	)		(9,225	)		7,278
Put USD/Call SGD	BofA Securities LLC		1.349	07/18/2024	(2,175,000)		(2,175,000	)		(4,335	)		(9,250	)		4,915
Put USD/Call SGD	BofA Securities LLC		1.355	07/30/2024	(2,140,000)		(2,140,000	)		(10,587	)		(9,658	)		(929	)
Put AUD/Call NZD	Citibank NA		1.093	07/30/2024	(3,240,000)		(3,240,000	)		(8,352	)		(11,632	)		3,280
Put AUD/Call NZD	Citibank NA		1.096	08/09/2024	(3,222,000)		(3,222,000	)		(12,638	)		(13,482	)		844
Put EUR/Call CHF	Citibank NA		0.959	07/25/2024	(2,030,000)		(2,030,000	)		(14,070	)		(16,190	)		2,120
Put EUR/Call CZK	Citibank NA		24.620	07/09/2024	(994,000)		(994,000	)		(97	)		(4,590	)		4,493
Put EUR/Call GBP	Citibank NA		0.846	07/18/2024	(2,025,000)		(2,025,000	)		(8,642	)		(14,524	)		5,882
Put EUR/Call PLN	HSBC Bank PLC		4.340	07/15/2024	(998,000)		(998,000	)		(9,168	)		(7,679	)		(1,489	)
Put EUR/Call USD	HSBC Bank PLC		1.071	07/15/2024	(2,218,000)		(2,218,000	)		(13,777	)		(14,561	)		784
Put AUD/Call NZD	JPMorgan Securities, Inc.		1.095	08/01/2024	(3,218,000)		(3,218,000	)		(10,659	)		(12,032	)		1,373
Put AUD/Call USD	JPMorgan Securities, Inc.		0.621	09/24/2024	(9,014,000)		(9,014,000	)		(9,892	)		(70,348	)		60,456

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER-THE-COUNTER OPTIONS ON FOREIGN CURRENCY (continued)

Description	Counterparty	Exercise Price		Expiration Date	Number of Contracts	Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)
Put EUR/Call USD	JPMorgan Securities, Inc.	$	1.085	07/08/2024	(2,186,250)	$	(2,186,250	)	$	(30,714	)	$	(15,443	)	$	(15,271	)
Put AUD/Call NZD	MS & Co. Int. PLC		1.077	07/15/2024	(3,255,548)		(3,255,548	)		(313	)		(11,188	)		10,875
Put EUR/Call CHF	MS & Co. Int. PLC		0.956	07/22/2024	(2,022,000)		(2,022,000	)		(10,422	)		(17,739	)		7,317
Put EUR/Call SEK	MS & Co. Int. PLC		11.350	07/04/2024	(1,976,000)		(1,976,000	)		(7,144	)		(14,000	)		6,856
Put EUR/Call USD	MS & Co. Int. PLC		1.058	09/17/2024	(6,493,000)		(6,493,000	)		(43,148	)		(88,999	)		45,851
Put EUR/Call USD	Securities, Inc.		1.061	09/16/2024	(6,507,000)		(6,507,000	)		(47,833	)		(91,251	)		43,418
Put AUD/Call USD	UBS AG (London)		0.648	09/30/2024	(3,629,000)		(3,629,000	)		(16,741	)		(42,813	)		26,072
Put EUR/Call USD	UBS AG (London)		1.075	07/01/2024	(4,390,325)		(4,390,325	)		(23,660	)		(41,361	)		17,701
Put EUR/Call USD	UBS AG (London)		1.086	09/17/2024	(2,164,000)		(2,164,000	)		(38,979	)		(27,241	)		(11,738	)
Put NZD/Call USD	UBS AG (London)		0.613	07/04/2024	(7,753,000)		(7,753,000	)		(36,919	)		(42,405	)		5,486
					(123,155,377)	$	(123,155,377	)	$	(764,306	)	$	(1,063,944	)	$	299,638
Total written option contracts					(179,203,925)	$	(179,203,925	)	$	(1,536,248	)	$	(1,808,768	)	$	272,520
TOTAL					10,459,105	$	10,459,105		$	581,208		$	84,661		$	496,547

Currency Abbreviations:
AUD	— Australian Dollar
BRL	— Brazil Real
CAD	— Canadian Dollar
CHF	— Swiss Franc
CLP	— Chilean Peso
CNH	— Chinese Yuan Renminbi Offshore
CNY	— Chinese Yuan Renminbi
COP	— Colombia Peso
CZK	— Czech Republic Koruna
EUR	— Euro
GBP	— British Pound
HUF	— Hungarian Forint
INR	— Indian Rupee
JPY	— Japanese Yen
KRW	— South Korean Won
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

GOLDMAN SACHS BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

Investment Abbreviations:
CLO	— Collateralized Loan Obligation
CMT	— Constant Maturity Treasury Indexes
EURIBOR	— Euro Interbank Offered Rate
GO	— General Obligation
LLC	— Limited Liability Company
LP	— Limited Partnership
MSCI	— Morgan Stanley Capital International
PLC	— Public Limited Company
RB	— Revenue Bond
REIT	— Real Estate Investment Trust
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:
1M IRS	— 1 Month Interest Rate Swaptions
1Y IRS	— 1 Year Interest Rate Swaptions
6M IRS	— 6 Month Interest Rate Swaptions
7M IRS	— 7 Month 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 42	— CDX North America Investment Grade Index 42
CHFOR	— Swiss Franc Offered Rate
CLICP	— Sinacofi Chile Interbank Rate
CNRR	— China Fixing Repo Rate
EURO	— Euro Offered Rate
JIBAR	— Johannesburg Interbank Agreed Rate
JYOR	— Japanese Yen Offered Rate
KWCDC	— South Korean Won Certificate of Deposit
MIBOR	— MIBOR - Mumbai Interbank 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
TIIE	— La Tasa de Interbank Equilibrium Interest Rate
WIBOR	— Warsaw Interbank Offered Rate

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 50.8%
Collateralized Mortgage Obligations – 3.5%
Sequential Fixed Rate – 1.1%
BRAVO Residential Funding Trust Series 2024-NQM1, Class A1
$	5,639,398		5.943	%(a)(b)(c)	12/01/63	$    5,621,781
Federal Home Loan Mortgage Corp. REMICS Series 4246, Class PT
	73,959		6.500		02/15/36	76,356
Federal Home Loan Mortgage Corp. REMICS Series 2755, Class ZA
	169,651		5.000		02/15/34	168,726
Federal National Mortgage Association REMICS Series 2011-99, Class DB
	317,789		5.000		10/25/41	314,375
Federal National Mortgage Association REMICS Series 2012- 111, Class B
	57,361		7.000		10/25/42	60,301
Federal National Mortgage Association REMICS Series 2012- 153, Class B
	205,696		7.000		07/25/42	219,716
Federal National Mortgage Association REMICS Series 2011-52, Class GB
	338,856		5.000		06/25/41	335,329
Government National Mortgage Association REMICS Series 2021-135, Class A
	13,684,476		2.000	(a)	08/20/51	10,958,423
OBX Trust Series 2024-NQM1, Class A1
	5,761,156		5.928	(a)(b)(c)	11/25/63	5,748,527
OBX Trust Series 2024-NQM1, Class A2
	322,625		6.253	(a)(b)(c)	11/25/63	322,338
						23,825,872
Sequential Floating Rate(a) – 2.4%
Angel Oak Mortgage Trust Series 2021-6, Class A1
	1,333,754		1.458	(b)(d)	09/25/66	1,080,094
Chase Home Lending Mortgage Trust Series 2024-3, Class A5
	800,000		6.000	(b)(d)	02/25/55	788,674
Chase Home Lending Mortgage Trust Series 2024-3, Class A5A
	1,300,000		5.500	(b)(d)	02/25/55	1,239,486
Chase Home Lending Mortgage Trust Series 2024-3, Class A7
	425,000		6.000	(b)(d)	02/25/55	419,599
CSMC Trust Series 2020-AFC1, Class M1
	1,650,000		2.841	(b)(d)	02/25/50	1,347,618
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA5, Class M2 (1 mo. USD Term SOFR + 1.650%)
	378,472		6.985	(b)(d)	01/25/34	380,986
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA3, Class M1A (1 mo. USD Term SOFR + 2.000%)
	404,936		7.335	(b)(d)	04/25/42	410,295
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class A1 (1 mo. USD Term SOFR + 1.250%)
	6,117,555		6.585	(b)(d)	03/25/44	6,128,555
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M1 (1 mo. USD Term SOFR + 1.250%)
	4,049,916		6.585	(b)(d)	03/25/44	4,058,533

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(a) – (continued)
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M2 (1 mo. USD Term SOFR + 2.000%)
$	1,550,000		7.335	%(b)(d)	03/25/44	$    1,556,620
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-DNA2, Class M1 (1 mo. USD Term SOFR + 1.200%)
	6,450,751		6.535	(b)(d)	05/25/44	6,458,218
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R01, Class 1M2 (1 mo. USD Term SOFR + 1.550%)
	924,601		6.885	(b)(d)	10/25/41	930,101
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R03, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	884,000		6.985	(b)(d)	12/25/41	889,790
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03, Class 2M2 (1 mo. USD Term SOFR + 3.900%)
	739,908		9.235	(b)(d)	04/25/43	792,580
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R05, Class 1M2 (1 mo. USD Term SOFR + 3.100%)
	730,000		8.435	(b)(d)	06/25/43	771,287
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R08, Class 1M2 (1 mo. USD Term SOFR + 2.500%)
	690,000		7.835	(b)(d)	10/25/43	710,637
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	1,300,000		7.135	(b)(d)	01/25/44	1,314,677
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R02, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	3,525,000		7.135	(b)(d)	02/25/44	3,544,435
HarborView Mortgage Loan Trust Series 2005-16, Class 2A1A (1 mo. USD Term SOFR + 0.594%)
	40,199		5.933	(d)	01/19/36	43,044
Impac CMB Trust Series 2004-8, Class 1A (1 mo. USD Term SOFR + 0.834%)
	33,657		6.180	(d)	10/25/34	31,961
JP Morgan Mortgage Trust Series 2021-LTV2, Class A1
	3,122,156		2.520	(b)(d)	05/25/52	2,534,668
JP Morgan Mortgage Trust Series 2024-1, Class A2
	6,166,343		6.000	(b)(d)	06/25/54	6,119,614
JP Morgan Mortgage Trust Series 2024-4, Class A5A
	2,125,000		6.000	(b)(d)	10/25/54	2,086,723
JP Morgan Mortgage Trust Series 2024-5, Class A6
	2,950,000		6.000	(b)(d)	11/25/54	2,935,203
Mill City Mortgage Loan Trust Series 2017-2, Class A3
	237,934		3.250	(b)(d)	07/25/59	226,714
Residential Mortgage Loan Trust Series 2019-2, Class B1
	2,492,000		4.713	(b)(d)	05/25/59	2,387,034
Verus Securitization Trust Series 2022-INV1, Class A1
	235,819		5.041	(b)(c)	08/25/67	234,559

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(a) – (continued)
WaMu Mortgage Pass-Through Certificates Trust Series 2002-AR19, Class A7
$	8,125		5.543	%(d)	02/25/33	$        7,637
Wells Fargo Mortgage-Backed Securities Trust Series 2019-3, Class A1
	80,626		3.500	(b)(d)	07/25/49	70,520
						49,499,862
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						73,325,734
Commercial Mortgage-Backed Securities – 4.0%
Sequential Fixed Rate – 1.5%
Bank Series 2019-BN21, Class A5
$	950,000		2.851	%(a)	10/17/52	$      837,545
Bank Series 2023-BNK46, Class A4
	3,350,000		5.745	(a)	08/15/56	3,437,782
Bank5 Series 2024-5YR7, Class A3
	3,950,000		5.769	(a)	06/15/57	4,014,781
Benchmark Mortgage Trust Series 2023-B39, Class A5
	1,325,000		5.754	(a)	07/15/56	1,366,892
BMO Mortgage Trust Series 2022-C3, Class A5
	850,000		5.313	(a)	09/15/54	846,336
BMO Mortgage Trust Series 2023-C5, Class A5
	4,400,000		5.765	(a)	06/15/56	4,530,429
BMO Mortgage Trust Series 2023-C7, Class A5
	3,000,000		6.160	(a)	12/15/56	3,169,048
BX Trust Series 2022-CLS, Class A
	2,400,000		5.760	(b)	10/13/27	2,373,696
DOLP Trust Series 2021-NYC, Class A
	4,650,000		2.956	(b)	05/10/41	3,871,692
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K-161, Class A2
	3,450,000		4.900	(a)	10/25/33	3,446,179
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-OPO, Class A
	3,678,000		3.024	(b)	01/05/39	3,285,977
						31,180,357
Sequential Floating Rate(d) – 2.5%
3650R Commercial Mortgage Trust Series 2021-PF1, Class AS
	2,526,000		2.778		11/15/54	2,070,249
BBCMS Mortgage Trust Series 2024-C26, Class B
	4,040,000		5.943	(a)	05/15/57	4,072,562
BX Commercial Mortgage Trust Series 2024-XL4, Class A (1 mo. USD Term SOFR + 1.442%)
	6,303,725		6.771	(b)	02/15/39	6,282,922
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	3,284,515		6.721	(b)	03/15/41	3,269,226
BX Commercial Mortgage Trust Series 2024-MDHS, Class A (1 mo. USD Term SOFR + 1.641%)
	2,050,000		6.970	(b)	05/15/41	2,043,593
BX Trust Series 2021-ARIA, Class C (1 mo. USD Term SOFR + 1.760%)
	1,350,000		7.090	(b)	10/15/36	1,326,501

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(d) – (continued)
BX Trust Series 2022-PSB, Class A (1 mo. USD Term SOFR + 2.451%)
$	1,436,382		7.780	%(b)	08/15/39	$    1,432,801
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
	6,275,000		6.971	(b)	02/15/41	6,254,673
BX Trust Series 2024-PAT, Class A (1 mo. USD Term SOFR + 2.090%)
	1,450,000		7.419	(b)	03/15/41	1,448,187
BX Trust Series 2024-PAT, Class B (1 mo. USD Term SOFR + 3.039%)
	500,000		8.368	(b)	03/15/41	499,375
DC Trust Series 2024-HLTN, Class A
	2,050,000		5.934	(b)	04/13/28	2,024,976
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K-152, Class A2
	3,600,000		3.780	(a)	11/25/32	3,341,627
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KF153, Class AS (1 mo. USD Term SOFR + 0.680%)
	2,393,089		6.004	(a)	02/25/33	2,394,586
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K510, Class A2
	1,350,000		5.069	(a)	10/25/28	1,358,243
SCG Mortgage Trust Series 2024-MSP, Class A (1 mo. USD Term SOFR + 1.741%)
	3,025,000		7.070	(b)	04/15/41	3,003,847
TYSN Mortgage Trust Series 2023-CRNR, Class A
	4,410,000		6.799	(b)	12/10/33	4,550,096
Wells Fargo Commercial Mortgage Trust Series 2022-C62, Class A4
	3,100,000		4.000	(a)	04/15/55	2,831,416
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class A
	4,150,000		5.308	(b)	07/15/35	4,084,159
						52,289,039
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$   83,469,396
Federal Agencies – 43.3%
Adjustable Rate Federal National Mortgage Association(d) – 0.0%
(1 yr. CMT + 2.169%)
$	948		6.935	%	06/01/33	$          957
(RFUCC 1 yr. Treasury + 1.645%)
	113,691		5.895	%	07/01/34	115,792
(RFUCC 1 yr. Treasury + 1.568%)
	457,127		6.033	%	09/01/34	464,688
(RFUCC 1 yr. Treasury + 1.739%)
	214,006		6.714	%	05/01/35	218,030
(RFUCC 1 yr. Treasury + 1.233%)
	115,585		6.338	%	06/01/35	116,610
						916,077
Federal Home Loan Mortgage Corp. – 0.1%
	2,790		5.500	%	10/01/25	2,785
	6,777		7.500		12/01/30	7,104
	3,386		7.500		01/01/31	3,548

GOLDMAN SACHS CORE FIXED INCOME 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)
$	3,729		5.000	%	10/01/33	$        3,702
	480		5.000		04/01/35	476
	5,921		5.000		07/01/35	5,878
	34,746		5.000		12/01/35	34,722
	85,154		5.000		01/01/38	84,809
	169,333		5.000		01/01/39	168,519
	69,563		5.000		06/01/39	69,167
	7,162		4.000		06/01/40	6,775
	3,681		5.000		08/01/40	3,688
	1,072		4.500		11/01/40	1,043
	46,981		4.000		02/01/41	44,428
	3,718		5.000		06/01/41	3,722
	4,000		4.000		11/01/41	3,796
	948,520		4.500		08/01/48	914,367
						1,358,529
Federal National Mortgage Association – 0.0%
	5,541		8.000		02/01/31	5,617
	10,412		7.000		03/01/31	10,835
						16,452
Government National Mortgage Association – 17.5%
	4,122		6.000		11/15/38	4,231
	36,310		5.000		07/15/40	36,324
	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
	19,621		4.000		08/20/43	18,568
	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
	10,312		4.000		05/20/45	9,704
	1,384,714		4.000		07/20/45	1,301,256
	22,106		4.000		10/20/45	20,773
	107,570		4.500		02/20/48	103,994
	285,775		4.500		04/20/48	275,737
	759,252		4.500		05/20/48	732,108
	723,036		5.000		07/20/48	713,924
	1,227,765		4.500		08/20/48	1,182,337
	648,683		5.000		08/20/48	640,507
	5,245,797		4.500		09/20/48	5,051,698
	5,331		3.500		09/20/48	4,836
	820,924		5.000		10/20/48	809,039
	2,557,877		5.000		11/20/48	2,520,845
	4,687,521		4.500		12/20/48	4,509,684
	1,447,244		5.000		12/20/48	1,424,481
	2,685,188		4.500		01/20/49	2,579,959
	2,340,235		5.000		01/20/49	2,303,428
	1,819,514		4.000		02/20/49	1,700,185
	582,724		4.500		02/20/49	559,888
	464,160		4.500		03/20/49	445,970
	1,648,307		4.000		03/20/49	1,539,176
	829,836		5.000		03/20/49	817,821
	7,606		3.500		04/20/49	6,898
	1,862,218		4.000		04/20/49	1,738,924

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Government National Mortgage Association – (continued)
$	577,730		4.000	%		05/20/49		$	539,480
	18,398		3.500			08/20/49			16,646
	3,014,053		3.000			08/20/49			2,647,584
	2,036,935		5.000			08/20/49			2,011,264
	691,022		4.500			10/20/49			665,453
	14,679,623		3.000			10/20/49			12,886,621
	549,978		3.500			12/20/49			497,614
	1,613,864		3.500			02/20/50			1,460,208
	5,488,126		3.000			03/20/50			4,815,897
	151,447		3.500			06/20/50			136,748
	353,582		3.500			07/20/50			319,918
	1,009,371		4.000			01/20/51			937,180
	702,746		3.000			07/20/51			613,183
	1,447,635		2.500			09/20/51			1,202,839
	1,724,650		2.500			10/20/51			1,437,322
	7,632,552		3.000			11/20/51			6,624,419
	2,686,788		2.500			11/20/51			2,236,649
	6,380,203		3.000			12/20/51			5,566,567
	3,266,866		2.500			12/20/51			2,724,945
	34,267,695		4.500			09/20/52			32,617,358
	1,793,847		3.500			02/20/53			1,619,075
	18,619,239		7.000			01/20/54			18,963,110
	1,992,759		7.000			02/20/54			2,029,562
	16,000,000		2.500			TBA-30yr	(e)		13,455,830
	14,000,000		2.000			TBA-30yr	(e)		11,336,307
	8,000,000		3.500			TBA-30yr	(e)		7,190,261
	66,000,000		4.500			TBA-30yr	(e)		62,737,679
	8,000,000		5.500			TBA-30yr	(e)		7,937,198
	34,000,000		6.000			TBA-30yr	(e)		34,146,101
	67,000,000		6.500			TBA-30yr	(e)		67,930,375
	30,000,000		7.000			TBA-30yr	(e)		30,542,115
									369,059,861
Uniform Mortgage-Backed Security – 25.7%
	5,286		7.000			08/01/27			5,318
	281		6.500			09/01/27			281
	17,783		7.000			03/01/28			17,966
	776		6.500			05/01/28			782
	4,148		4.500			04/01/39			4,040
	3,483		4.500			05/01/39			3,394
	4,161		4.500			07/01/39			4,054
	14,200		4.500			08/01/39			13,836
	116,859		4.500			12/01/39			113,866
	8,013		4.500			04/01/41			7,775
	233,902		4.500			05/01/41			226,940
	36,217		4.500			08/01/41			35,239
	10,750		3.000			11/01/42			9,597
	259,523		3.000			12/01/42			232,598
	377,901		3.000			01/01/43			338,787
	56,374		3.000			02/01/43			50,520
	428,161		3.000			03/01/43			382,495
	755,357		3.000			04/01/43			674,150
	501,314		3.000			05/01/43			447,001
	53,684		3.000			06/01/43			47,791
	435,677		3.000			07/01/43			388,213
	256,964		5.000			05/01/44			255,064
	1,284,285		4.500			04/01/45			1,242,839
	158,567		4.500			05/01/45			153,301

GOLDMAN SACHS CORE FIXED 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)
$	391,375		4.500	%		06/01/45	$	378,496
	3,116,681		4.000			08/01/45		2,933,598
	57,851		4.000			03/01/46		53,992
	31,844		4.000			06/01/46		29,704
	9,306		4.000			08/01/46		8,681
	75,625		4.000			10/01/46		70,542
	113,154		4.000			06/01/47		105,694
	1,463,277		4.500			07/01/47		1,407,366
	371,133		4.500			11/01/47		356,953
	181,678		4.000			12/01/47		169,927
	673,142		4.000			01/01/48		629,603
	1,928,433		4.000			02/01/48		1,801,327
	45,256		4.500			02/01/48		43,315
	1,393,148		4.000			03/01/48		1,300,464
	75,178		4.500			05/01/48		71,859
	1,027,609		4.000			06/01/48		960,500
	12,803		4.500			06/01/48		12,238
	10,927		4.500			07/01/48		10,441
	967,030		4.000			07/01/48		903,344
	1,642,908		4.000			08/01/48		1,531,510
	7,840		4.500			08/01/48		7,491
	899,736		4.500			09/01/48		863,465
	2,830,603		5.000			11/01/48		2,796,957
	1,602,013		4.500			11/01/48		1,530,530
	1,118,454		4.500			12/01/48		1,068,029
	1,382,138		4.500			01/01/49		1,319,910
	992,176		4.500			02/01/49		947,465
	810,748		3.000			02/01/49		710,031
	3,569		4.500			03/01/49		3,407
	477,719		4.500			06/01/49		456,779
	1,846,362		4.500			07/01/49		1,762,120
	182,727		3.500			07/01/49		164,627
	928,980		4.500			08/01/49		886,766
	5,944,399		3.000			09/01/49		5,171,246
	2,661,932		5.000			10/01/49		2,616,981
	1,155,300		3.000			10/01/49		1,005,037
	1,648,512		3.000			12/01/49		1,426,270
	116,239		4.500			02/01/50		111,144
	21,082,455		4.500			03/01/50		20,225,499
	8,613,365		4.000			03/01/50		8,015,872
	2,353,250		5.000			03/01/50		2,310,570
	15,301		4.500			04/01/50		14,592
	1,414,836		4.500			05/01/50		1,349,265
	2,551,405		2.500			09/01/50		2,130,934
	21,272,898		2.000			10/01/50		16,772,986
	19,986,549		3.000			10/01/50		17,322,861
	5,793,041		3.000			11/01/50		5,020,565
	21,276,980		2.000			11/01/50		16,770,437
	2,826,289		2.500			11/01/50		2,349,919
	7,660,380		3.000			12/01/50		6,647,282
	10,373,825		2.500			01/01/51		8,522,466
	4,512,837		2.500			02/01/51		3,708,872
	184,212		4.500			03/01/51		175,691
	933,144		2.000			03/01/51		736,007
	16,253,190		2.500			05/01/51		13,453,745
	12,811,355		2.000			05/01/51		10,069,208
	33,855,962		2.500			08/01/51		28,138,963
	532,398		2.000			08/01/51		417,920

Principal Amount		Interest Rate			Maturity Date			Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	23,360,315		2.500	%		09/01/51		$   19,339,173
	2,498,563		2.000			09/01/51		1,963,863
	495,262		4.500			10/01/51		468,654
	3,431,810		2.000			10/01/51		2,693,525
	58,410,113		2.000			02/01/52		45,769,494
	160,081		4.500			03/01/52		151,133
	607,819		2.000			03/01/52		475,624
	9,087,690		2.500			03/01/52		7,432,780
	2,872,593		2.000			04/01/52		2,246,725
	4,703,816		4.500			04/01/52		4,445,803
	12,242,204		2.500			04/01/52		10,003,823
	1,367,366		4.500			05/01/52		1,291,264
	4,959,676		2.500			05/01/52		4,056,771
	5,319,302		5.500			09/01/52		5,303,676
	12,853,759		6.000			11/01/52		13,049,394
	4,971,426		6.000			12/01/52		5,054,527
	5,195,595		5.500			04/01/53		5,150,542
	2,723,393		6.000			04/01/53		2,766,283
	16,871,987		4.500			05/01/53		16,079,688
	6,539,455		6.500			09/01/53		6,697,872
	2,891,318		6.500			12/01/53		2,984,852
	12,296,581		2.500			01/01/54		10,057,998
	27,000,000		2.500			TBA-30yr	(e)	22,051,408
	65,000,000		3.000			TBA-30yr	(e)	55,310,970
	17,000,000		3.500			TBA-30yr	(e)	15,046,319
	5,000,000		4.000			TBA-30yr	(e)	4,574,219
	73,000,000		6.000			TBA-30yr	(e)	73,205,356
								542,109,046
TOTAL FEDERAL AGENCIES								$  913,459,965
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $1,107,004,399)								$1,070,255,095
Corporate Obligations – 30.7%
Aerospace & Defense(a) – 0.7%
Boeing Co.
$	1,575,000		3.450	%		11/01/28		$    1,425,564
	300,000		3.250			02/01/35		229,155
	163,000		3.375			06/15/46		103,847
	100,000		3.625			03/01/48		64,330
	100,000		3.850			11/01/48		66,718
	2,725,000		5.805			05/01/50		2,460,321
	1,563,000		6.858	(b)		05/01/54		1,602,513
RTX Corp.
	8,450,000		6.100			03/15/34		8,897,850
	550,000		4.050			05/04/47		432,399
								15,282,697
Agriculture(a) – 0.2%
BAT Capital Corp.
	2,000,000		2.259			03/25/28		1,791,620
	3,124,000		6.000			02/20/34		3,157,864
								4,949,484

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Automotive – 1.2%
Ford Motor Credit Co. LLC(a)
$	2,830,000		5.850	%	05/17/27	$    2,832,604
General Motors Co.
	550,000		4.000		04/01/25	542,867
General Motors Financial Co., Inc.(a)
	2,425,000		4.300		07/13/25	2,392,481
	3,200,000		1.500		06/10/26	2,963,840
	2,825,000		2.350		01/08/31	2,317,234
Hyundai Capital America(a)(b)
	1,975,000		5.700		06/26/30	1,999,352
	8,815,000		6.200		09/21/30	9,154,289
	3,730,000		5.400		06/24/31	3,697,847
						25,900,514
Banks – 8.1%
Banco Santander SA
	2,400,000		2.746		05/28/25	2,337,648
	400,000		4.250		04/11/27	386,996
	800,000		3.306		06/27/29	731,976
	800,000		2.749		12/03/30	665,952
	4,400,000		6.921		08/08/33	4,599,056
Bank of America Corp.
	150,000		4.183	(a)	11/25/27	144,792
	237,000		6.110		01/29/37	246,276
(3 mo. USD Term SOFR + 1.252%)
	225,000		2.496	(a)(d)	02/13/31	194,418
(3 mo. USD Term SOFR + 1.632%)
	1,550,000		3.593	(a)(d)	07/21/28	1,475,135
(5 yr. CMT + 1.200%)
	94,000		2.482	(a)(d)	09/21/36	75,057
(Secured Overnight Financing Rate + 1.220%)
	1,375,000		2.651	(a)(d)	03/11/32	1,163,951
	245,000		2.299	(a)(d)	07/21/32	200,643
(Secured Overnight Financing Rate + 1.330%)
	250,000		2.972	(a)(d)	02/04/33	211,640
(Secured Overnight Financing Rate + 1.370%)
	3,150,000		1.922	(a)(d)	10/24/31	2,574,306
(Secured Overnight Financing Rate + 1.530%)
	3,725,000		1.898	(a)(d)	07/23/31	3,066,196
(Secured Overnight Financing Rate + 1.630%)
	10,680,000		5.202	(a)(d)	04/25/29	10,661,096
(Secured Overnight Financing Rate + 1.830%)
	5,000,000		4.571	(a)(d)	04/27/33	4,715,900
(Secured Overnight Financing Rate + 2.150%)
	5,225,000		2.592	(a)(d)	04/29/31	4,516,020
(Secured Overnight Financing Rate + 2.160%)
	1,089,000		5.015	(a)(d)	07/22/33	1,063,920
Bank of New York Mellon Corp.(a)(d) (Secured Overnight Financing Rate + 1.755%)
	315,000		4.596		07/26/30	307,733
Barclays PLC(a)(d)
(1 yr. CMT + 3.500%)
	4,410,000		7.437		11/02/33	4,850,735
(Secured Overnight Financing Rate + 2.714%)
	800,000		2.852		05/07/26	779,928
BNP Paribas SA(b)
	900,000		3.375		01/09/25	888,381

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 1.004%)
$	1,600,000		1.323	%(a)(d)	01/13/27	$    1,493,952
(Secured Overnight Financing Rate + 2.074%)
	1,325,000		2.219	(a)(d)	06/09/26	1,281,076
BPCE SA(b)
	1,150,000		4.625		09/12/28	1,112,062
(Secured Overnight Financing Rate + 1.312%)
	1,650,000		2.277	(a)(d)	01/20/32	1,332,425
Citigroup, Inc.
	2,500,000		4.600		03/09/26	2,460,225
	3,175,000		3.400		05/01/26	3,065,939
	2,450,000		4.450		09/29/27	2,388,358
(Secured Overnight Financing Rate + 1.351%)
	3,725,000		3.057	(a)(d)	01/25/33	3,158,837
(Secured Overnight Financing Rate + 1.422%)
	1,375,000		2.976	(a)(d)	11/05/30	1,224,658
(Secured Overnight Financing Rate + 2.086%)
	2,495,000		4.910	(a)(d)	05/24/33	2,398,743
Credit Agricole SA(b)
	1,050,000		3.250		10/04/24	1,043,123
(5 yr. USD Swap + 4.319%)
	600,000		6.875	(a)(d)	09/23/24	597,882
Fifth Third Bancorp(a)
	1,235,000		2.375		01/28/25	1,211,288
First-Citizens Bank & Trust Co.(a)(d) (3 mo. USD Term SOFR + 1.715%)
	1,500,000		2.969		09/27/25	1,484,205
HSBC Holdings PLC
	600,000		4.950		03/31/30	589,644
Huntington Bancshares, Inc.(a)
	1,625,000		4.000		05/15/25	1,598,057
ING Groep NV(a)(b)(d) (1 yr. CMT + 1.100%)
	3,400,000		1.400		07/01/26	3,256,622
JPMorgan Chase & Co.(a)(d) (3 mo. USD Term SOFR + 1.507%)
	2,275,000		3.960		01/29/27	2,222,470
(3 mo. USD Term SOFR + 1.599%)
	2,150,000		3.782		02/01/28	2,071,460
(3 mo. USD Term SOFR + 1.622%)
	800,000		3.882		07/24/38	686,472
(3 mo. USD Term SOFR + 2.515%)
	675,000		2.956		05/13/31	591,563
(3 mo. USD Term SOFR + 3.790%)
	275,000		4.493		03/24/31	265,150
(Secured Overnight Financing Rate + 1.260%)
	3,475,000		2.963		01/25/33	2,962,298
(Secured Overnight Financing Rate + 1.800%)
	3,692,000		4.586		04/26/33	3,512,753
(Secured Overnight Financing Rate + 2.040%)
	75,000		2.522		04/22/31	64,823
(Secured Overnight Financing Rate + 2.080%)
	2,480,000		4.912		07/25/33	2,409,146
Kreditanstalt fuer Wiederaufbau (f)
	13,520,000		3.375		08/23/24	13,478,764
M&T Bank Corp.(a)(d)
(Secured Overnight Financing Rate + 1.850%)
	2,280,000		5.053		01/27/34	2,109,502

GOLDMAN SACHS CORE FIXED INCOME 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 + 2.800%)
$	1,930,000		7.413	%	10/30/29	$    2,030,456
Morgan Stanley
	1,631,000		3.950		04/23/27	1,575,236
(3 mo. USD Term SOFR + 1.890%)
	325,000		4.431	(a)(d)	01/23/30	314,187
(Secured Overnight Financing Rate + 0.720%)
	5,100,000		0.985	(a)(d)	12/10/26	4,770,948
(Secured Overnight Financing Rate + 1.034%)
	2,625,000		1.794	(a)(d)	02/13/32	2,109,817
(Secured Overnight Financing Rate + 1.143%)
	3,900,000		2.699	(a)(d)	01/22/31	3,418,779
(Secured Overnight Financing Rate + 1.152%)
	1,050,000		2.720	(a)(d)	07/22/25	1,047,953
(Secured Overnight Financing Rate + 1.295%)
	3,205,000		5.050	(a)(d)	01/28/27	3,187,372
(Secured Overnight Financing Rate + 1.360%)
	3,175,000		2.484	(a)(d)	09/16/36	2,512,727
(Secured Overnight Financing Rate + 1.590%)
	4,320,000		5.164	(a)(d)	04/20/29	4,305,010
(Secured Overnight Financing Rate + 2.076%)
	2,470,000		4.889	(a)(d)	07/20/33	2,381,376
(Secured Overnight Financing Rate + 3.120%)
	1,100,000		3.622	(a)(d)	04/01/31	1,008,777
NatWest Group PLC(a)(d) (5 yr. CMT + 2.100%)
	500,000		3.754		11/01/29	495,045
Royal Bank of Canada
	4,750,000		5.000		02/01/33	4,681,410
Shinhan Bank Co. Ltd.(b)
	540,000		4.500		04/12/28	530,550
State Street Corp.(a)(d) (Secured Overnight Financing Rate + 2.650%)
	100,000		3.152		03/30/31	90,387
Toronto-Dominion Bank
	150,000		4.456		06/08/32	141,356
Truist Bank(a)
	1,250,000		2.250		03/11/30	1,042,338
Truist Financial Corp.(a)(d) (Secured Overnight Financing Rate + 2.050%)
	100,000		6.047		06/08/27	100,702
U.S. Bancorp(a)(d) (Secured Overnight Financing Rate + 2.020%)
	4,940,000		5.775		06/12/29	5,015,434
UBS AG
	1,175,000		2.950		04/09/25	1,151,336
	4,135,000		1.250		08/07/26	3,799,031
UBS Group AG
	276,000		3.750		03/26/25	272,073
	2,550,000		4.125	(b)	09/24/25	2,500,785
	683,000		4.550		04/17/26	671,307
(3 mo. USD LIBOR + 1.410%)
	1,675,000		3.869	(a)(b)(d)	01/12/29	1,579,827
(5 yr. CMT + 4.758%)
	695,000		9.250	(a)(b)(d)	11/13/33	778,296
(Secured Overnight Financing Rate + 0.980%)
	315,000		1.305	(a)(b)(d)	02/02/27	293,580
(Secured Overnight Financing Rate + 1.560%)
	1,982,000		2.593	(a)(b)(d)	09/11/25	1,969,157

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 1.730%)
$	1,545,000		3.091	%(a)(b)(d)	05/14/32	$    1,318,472
(Secured Overnight Financing Rate + 5.020%)
	1,725,000		9.016	(a)(b)(d)	11/15/33	2,080,229
Wells Fargo & Co.
	2,700,000		3.000		10/23/26	2,565,135
	4,150,000		4.300		07/22/27	4,041,104
(Secured Overnight Financing Rate + 2.100%)
	288,000		4.897	(a)(d)	07/25/33	277,243
Westpac Banking Corp.(a)(d) (5 yr. CMT + 2.000%)
	700,000		4.110		07/24/34	646,954
						170,633,641
Beverages – 0.6%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.(a)
	2,583,000		4.700		02/01/36	2,461,263
Anheuser-Busch InBev Worldwide, Inc.
	585,000		8.200		01/15/39	743,845
	1,350,000		5.450	(a)	01/23/39	1,368,589
Coca-Cola Consolidated, Inc.(a)
	1,421,000		5.450		06/01/34	1,433,675
Constellation Brands, Inc.(a)
	1,375,000		4.400		11/15/25	1,356,465
	50,000		3.600		02/15/28	47,386
	50,000		3.150		08/01/29	45,360
	1,900,000		2.250		08/01/31	1,559,463
JDE Peet’s NV(a)(b)
	1,650,000		1.375		01/15/27	1,492,672
Keurig Dr Pepper, Inc.(a)
	1,968,000		2.250		03/15/31	1,637,396
						12,146,114
Biotechnology(a) – 0.7%
Amgen, Inc.
	3,370,000		5.250		03/02/30	3,394,803
	4,225,000		4.200		03/01/33	3,913,575
	3,418,000		5.250		03/02/33	3,407,917
Royalty Pharma PLC
	1,475,000		1.200		09/02/25	1,400,808
	2,844,000		5.400		09/02/34	2,768,406
						14,885,509
Building Materials(a) – 0.5%
Carrier Global Corp.
	3,375,000		2.493		02/15/27	3,160,181
	3,570,000		5.900		03/15/34	3,728,365
	3,545,000		6.200		03/15/54	3,803,289
						10,691,835
Chemicals(a) – 0.2%
DuPont de Nemours, Inc.
	975,000		4.493		11/15/25	961,896
Huntsman International LLC
	850,000		4.500		05/01/29	805,247
International Flavors & Fragrances, Inc.(b)
	2,300,000		1.832		10/15/27	2,054,452

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Chemicals(a) – (continued)
$	950,000		3.268	%	11/15/40	$     671,717
						4,493,312
Coal(a) – 0.0%
Teck Resources Ltd.
	655,000		3.900		07/15/30	607,702
Commercial Services – 0.3%
Ashtead Capital, Inc.(a)(b)
	650,000		1.500		08/12/26	592,676
	2,087,000		5.800		04/15/34	2,072,141
DP World Ltd.
	100,000		6.850	(b)	07/02/37	108,750
	600,000		5.625		09/25/48	570,750
Global Payments, Inc.(a)
	875,000		2.650		02/15/25	857,614
PayPal Holdings, Inc.(a)
	2,375,000		1.650		06/01/25	2,292,279
						6,494,210
Computers(a) – 0.3%
Dell International LLC/EMC Corp.
	607,000		5.850		07/15/25	608,050
	1,661,000		6.020		06/15/26	1,678,490
	451,000		5.300		10/01/29	453,476
	200,000		6.200		07/15/30	209,856
	540,000		8.100		07/15/36	643,367
Hewlett Packard Enterprise Co.
	1,782,000		4.900		10/15/25	1,768,350
						5,361,589
Diversified Financial Services – 1.3%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust(a)
	965,000		6.500		07/15/25	973,318
	5,125,000		2.450		10/29/26	4,781,471
	1,725,000		3.000		10/29/28	1,567,766
	700,000		3.300		01/30/32	601,538
	375,000		3.400		10/29/33	314,805
Air Lease Corp.(a)
	2,250,000		2.300		02/01/25	2,201,062
	1,625,000		3.375		07/01/25	1,587,966
	625,000		2.875		01/15/26	599,625
	2,200,000		3.750		06/01/26	2,125,222
American Express Co.(a)(d) (Secured Overnight Financing Rate + 1.835%)
	4,785,000		5.043		05/01/34	4,679,204
Aviation Capital Group LLC(a)(b)
	450,000		1.950		01/30/26	423,455
Avolon Holdings Funding Ltd.(a)(b)
	2,125,000		2.875		02/15/25	2,082,181
	1,050,000		4.250		04/15/26	1,019,518
Capital One Financial Corp.(a)
	1,110,000		3.300		10/30/24	1,100,620
Charles Schwab Corp.(a)(d) (Secured Overnight Financing Rate + 2.500%)
	95,000		5.853		05/19/34	96,813
Intercontinental Exchange, Inc.(a)(b)
	1,070,000		3.625		09/01/28	1,009,310

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Diversified Financial Services – (continued)
Macquarie Airfinance Holdings Ltd.(a)(b)
$	415,000		6.400	%	03/26/29	$     422,375
Nomura Holdings, Inc.
	950,000		2.608		07/14/31	781,575
REC Ltd.(b)
	200,000		5.625		04/11/28	200,688
						26,568,512
Electrical – 0.9%
Alliant Energy Finance LLC(a)(b)
	225,000		4.250		06/15/28	215,557
Ameren Corp.(a)
	400,000		3.500		01/15/31	360,480
American Electric Power Co., Inc.(a)
	850,000		2.300		03/01/30	723,707
Arizona Public Service Co.(a)
	425,000		2.950		09/15/27	395,730
Avangrid, Inc.(a)
	50,000		3.200		04/15/25	48,959
Berkshire Hathaway Energy Co.(a)
	1,275,000		3.700		07/15/30	1,186,056
Dominion Energy, Inc. (c)
	575,000		3.071		08/15/24	572,821
Entergy Corp.(a)
	1,025,000		2.950		09/01/26	972,161
Exelon Corp.(a)
	1,000,000		4.050		04/15/30	939,090
NextEra Energy Capital Holdings, Inc.(a)
	1,180,000		1.900		06/15/28	1,043,285
Ohio Power Co.(a)
	675,000		2.600		04/01/30	587,547
Pacific Gas & Electric Co.(a)
	500,000		3.300		08/01/40	355,545
PacifiCorp(a)
	3,130,000		5.800		01/15/55	3,032,563
Southern Co.(a)
	1,730,000		3.250		07/01/26	1,663,412
Vistra Operations Co. LLC(a)(b)
	3,350,000		3.550		07/15/24	3,345,645
Xcel Energy, Inc.(a)
	2,925,000		3.350		12/01/26	2,790,830
						18,233,388
Electronics(a) – 0.1%
Allegion U.S. Holding Co., Inc.
	1,593,000		5.600		05/29/34	1,593,749
Engineering & Construction(a) – 0.1%
Mexico City Airport Trust
	400,000		4.250		10/31/26	384,436
	440,000		3.875	(b)	04/30/28	413,050
	200,000		5.500	(b)	10/31/46	165,812
	420,000		5.500		07/31/47	347,944
	340,000		5.500	(b)	07/31/47	281,669
						1,592,911

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Entertainment(a) – 0.6%
Warnermedia Holdings, Inc.
$	4,100,000		6.412	%	03/15/26	$    4,099,098
	5,050,000		4.054		03/15/29	4,663,826
	3,400,000		4.279		03/15/32	2,966,772
						11,729,696
Environmental – 0.3%
Nature Conservancy
	60,000		0.944		07/01/26	54,687
	75,000		1.304		07/01/28	64,338
Veralto Corp.(a)(b)
	5,840,000		5.450		09/18/33	5,823,531
						5,942,556
Food & Drug Retailing(a) – 0.9%
Campbell Soup Co.
	4,018,000		5.400		03/21/34	3,993,731
J M Smucker Co.
	2,498,000		5.900		11/15/28	2,572,890
	6,235,000		6.200		11/15/33	6,546,875
	3,535,000		6.500		11/15/53	3,794,822
Kraft Heinz Foods Co.
	2,056,000		3.750		04/01/30	1,920,119
Sysco Corp.
	225,000		6.600		04/01/40	243,450
	75,000		6.600		04/01/50	83,527
						19,155,414
Gas(a) – 0.0%
East Ohio Gas Co.(b)
	525,000		1.300		06/15/25	503,533
NiSource, Inc.
	325,000		3.600		05/01/30	298,272
						801,805
Healthcare Providers & Services(a) – 1.8%
Adventist Health System
	540,000		2.952		03/01/29	484,862
	1,345,000		5.757		12/01/34	1,343,885
Banner Health
	3,235,000		2.338		01/01/30	2,805,718
Baylor Scott & White Holdings
	1,140,000		1.777		11/15/30	933,694
Centene Corp.
	1,755,000		4.250		12/15/27	1,675,674
	2,100,000		2.625		08/01/31	1,718,409
CommonSpirit Health
	2,385,000		3.910		10/01/50	1,811,383
	2,655,000		6.461		11/01/52	2,933,480
HCA, Inc.
	1,590,000		3.500		09/01/30	1,434,291
	2,485,000		5.450		04/01/31	2,482,838
	3,960,000		5.900		06/01/53	3,855,060
Humana, Inc.
	785,000		5.950		03/15/34	802,662
Rush Obligated Group
	1,320,000		3.922		11/15/29	1,251,972

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Healthcare Providers & Services(a) – (continued)
Solventum Corp.(b)
$	4,135,000		5.400	%	03/01/29	$    4,122,223
	3,040,000		5.450		03/13/31	3,002,395
	2,050,000		5.600		03/23/34	2,012,034
STERIS Irish FinCo UnLtd Co.
	501,000		2.700		03/15/31	426,817
Stryker Corp.
	475,000		3.375		11/01/25	462,337
	75,000		1.950		06/15/30	63,156
Sutter Health
	605,000		2.294		08/15/30	518,574
UnitedHealth Group, Inc.
	3,750,000		5.350		02/15/33	3,798,900
						37,940,364
Home Builders(a) – 0.1%
Lennar Corp.
	1,235,000		4.750		11/29/27	1,217,722
Insurance – 0.1%
Arch Capital Finance LLC(a)
	1,200,000		4.011		12/15/26	1,161,252
Arch Capital Group Ltd.
	300,000		7.350		05/01/34	339,033
Willis North America, Inc.(a)
	700,000		2.950		09/15/29	627,179
						2,127,464
Internet – 0.9%
Amazon.com, Inc.(a)
	500,000		4.800		12/05/34	496,445
Expedia Group, Inc.(a)
	1,212,000		4.625		08/01/27	1,189,699
	825,000		3.800		02/15/28	785,235
	875,000		3.250		02/15/30	788,979
	331,000		2.950		03/15/31	286,573
Netflix, Inc.
	3,010,000		5.875		11/15/28	3,101,835
	6,329,000		5.375	(b)	11/15/29	6,386,278
	5,345,000		4.875	(a)(b)	06/15/30	5,257,823
Prosus NV(a)
	200,000		3.257	(b)	01/19/27	186,710
	420,000		3.680	(b)	01/21/30	372,619
	690,000		3.680		01/21/30	612,159
EUR	100,000		2.031	(b)	08/03/32	86,873
$	230,000		4.027	(b)	08/03/50	157,119
	210,000		3.832	(b)	02/08/51	138,272
						19,846,619
Investment Companies(a)(b) – 0.0%
JAB Holdings BV
	500,000		2.200		11/23/30	402,505
Iron/Steel – 0.1%
POSCO(b)
	260,000		5.750		01/17/28	263,088
Steel Dynamics, Inc.(a)
	490,000		2.400		06/15/25	474,741

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Iron/Steel – (continued)
$	1,075,000		1.650	%	10/15/27	$     958,835
						1,696,664
Lodging(a) – 0.7%
Choice Hotels International, Inc.
	1,639,000		5.850		08/01/34	1,614,251
Hyatt Hotels Corp.
	2,000,000		1.800		10/01/24	1,979,060
	5,295,000		5.500		06/30/34	5,151,665
Marriott International, Inc.
	2,100,000		5.000		10/15/27	2,094,372
	1,307,000		4.875		05/15/29	1,290,440
	2,625,000		2.850		04/15/31	2,247,315
						14,377,103
Machinery - Construction & Mining(a)(b) – 0.1%
Weir Group PLC
	2,375,000		2.200		05/13/26	2,227,821
Machinery-Diversified(a) – 0.1%
AGCO Corp.
	1,298,000		5.800		03/21/34	1,292,341
Ingersoll Rand, Inc.
	1,270,000		5.700		08/14/33	1,299,489
						2,591,830
Media(a) – 1.0%
Charter Communications Operating LLC/Charter Communications Operating Capital
	2,017,000		4.908		07/23/25	1,999,795
	6,675,000		3.750		02/15/28	6,207,416
Comcast Corp.
	1,300,000		3.950		10/15/25	1,279,512
	1,173,000		3.300		02/01/27	1,124,309
	5,725,000		4.800		05/15/33	5,565,158
	3,511,000		5.300		06/01/34	3,518,127
	100,000		3.750		04/01/40	81,262
	275,000		4.700		10/15/48	243,466
Time Warner Cable LLC
	275,000		5.875		11/15/40	239,212
						20,258,257
Mining(a)(b) – 0.2%
Glencore Funding LLC
	1,850,000		1.625		04/27/26	1,729,528
	2,175,000		2.625		09/23/31	1,790,243
						3,519,771
Miscellaneous Manufacturing – 0.0%
GE Capital International Funding Co. Unlimited Co.
	405,000		4.418		11/15/35	373,600
General Electric Co.
	700,000		5.875		01/14/38	719,348
						1,092,948
Multi-National(a)(b) – 0.1%
African Export-Import Bank
	740,000		2.634		05/17/26	693,003

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Multi-National(a)(b) – (continued)
$	830,000		3.798	%	05/17/31	$     707,849
						1,400,852
Oil Field Services – 0.2%
Aker BP ASA(a)(b)
	639,000		2.000		07/15/26	594,570
Devon Energy Corp.(a)
	180,000		5.600		07/15/41	167,494
Marathon Petroleum Corp.(a)
	600,000		3.625		09/15/24	597,000
	375,000		3.800		04/01/28	357,323
Occidental Petroleum Corp.
	1,034,000		7.875		09/15/31	1,157,604
Phillips 66(a)
	375,000		3.850		04/09/25	369,956
	725,000		1.300		02/15/26	678,832
QatarEnergy(a)(b)
	410,000		3.300		07/12/51	286,488
Reliance Industries Ltd. (b)
	480,000		2.875		01/12/32	408,091
	250,000		3.750		01/12/62	171,172
						4,788,530
Packaging(a) – 0.1%
Berry Global, Inc.
	1,475,000		1.570		01/15/26	1,386,161
Pharmaceuticals(a) – 1.2%
AbbVie, Inc.
	3,150,000		4.950		03/15/31	3,141,715
	1,709,000		4.500		05/14/35	1,611,690
	638,000		4.300		05/14/36	586,533
	2,795,000		4.050		11/21/39	2,425,445
Bristol-Myers Squibb Co.
	2,459,000		5.200		02/22/34	2,454,377
	1,440,000		6.250		11/15/53	1,546,805
Cigna Group
	1,263,000		2.400		03/15/30	1,092,924
	1,190,000		5.125		05/15/31	1,181,194
	1,025,000		4.800		08/15/38	941,586
CVS Health Corp.
	7,749,000		4.780		03/25/38	6,918,772
Perrigo Finance Unlimited Co.
	2,975,000		4.375		03/15/26	2,882,388
Pfizer Investment Enterprises Pte. Ltd.
	1,150,000		5.300		05/19/53	1,109,934
Zoetis, Inc.
	100,000		4.450		08/20/48	85,192
						25,978,555
Pipelines – 1.3%
Abu Dhabi Crude Oil Pipeline LLC(b)
	1,190,000		4.600		11/02/47	1,066,537
Cheniere Energy Partners LP(a)
	1,185,000		5.950		06/30/33	1,199,824
Columbia Pipelines Operating Co. LLC(a)(b)
	3,620,000		6.036		11/15/33	3,698,663

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Pipelines – (continued)
Enbridge, Inc.(a)
$	1,547,000		5.700	%	03/08/33	$    1,559,469
	2,300,000		2.500		08/01/33	1,825,188
Energy Transfer LP(a)
	50,000		4.950		06/15/28	49,343
	1,225,000		5.250		04/15/29	1,223,126
	375,000		5.300		04/15/47	332,025
Enterprise Products Operating LLC(a)
	85,000		3.750		02/15/25	83,983
Galaxy Pipeline Assets Bidco Ltd.
	200,000		2.625	(b)	03/31/36	162,938
	2,783,971		2.940		09/30/40	2,241,097
	320,000		3.250	(b)	09/30/40	244,400
Kinder Morgan, Inc.(a)
	4,835,000		5.200		06/01/33	4,694,978
MPLX LP(a)
	1,300,000		2.650		08/15/30	1,120,561
	275,000		4.500		04/15/38	240,031
	645,000		5.500		02/15/49	595,851
Plains All American Pipeline LP/PAA Finance Corp.(a)
	875,000		3.800		09/15/30	799,636
Sabine Pass Liquefaction LLC(a)
	660,000		5.625		03/01/25	658,706
	275,000		5.000		03/15/27	272,767
Targa Resources Corp.(a)
	1,010,000		4.200		02/01/33	909,010
Western Midstream Operating LP(a)
	1,125,000		3.100		02/01/25	1,106,044
	475,000		3.950		06/01/25	466,322
	225,000		5.450		04/01/44	201,440
Williams Cos., Inc.(a)
	850,000		3.900		01/15/25	841,526
	800,000		4.000		09/15/25	784,920
	1,800,000		5.650		03/15/33	1,817,730
						28,196,115
Real Estate Investment Trust(a) – 0.9%
American Homes 4 Rent LP
	723,000		4.900		02/15/29	706,458
American Tower Corp.
	1,750,000		2.400		03/15/25	1,708,560
CubeSmart LP
	600,000		4.000		11/15/25	586,242
	370,000		2.500		02/15/32	302,527
Host Hotels & Resorts LP
	952,000		2.900		12/15/31	793,254
Invitation Homes Operating Partnership LP
	1,300,000		2.300		11/15/28	1,150,942
	3,595,000		2.000		08/15/31	2,851,087
NNN REIT, Inc.
	1,150,000		4.000		11/15/25	1,126,298
Prologis LP
	3,037,000		1.750		07/01/30	2,512,267
Realty Income Corp.
	400,000		3.950		08/15/27	385,568
	1,200,000		3.400		01/15/30	1,092,948
Retail Opportunity Investments Partnership LP
	2,975,000		6.750		10/15/28	3,079,303

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Real Estate Investment Trust(a) – (continued)
UDR, Inc.
$	475,000		2.100	%	08/01/32	$     371,379
Ventas Realty LP
	975,000		3.500		02/01/25	960,482
WP Carey, Inc.
	445,000		4.000		02/01/25	439,491
	1,000,000		3.850		07/15/29	933,530
	725,000		2.400		02/01/31	601,344
						19,601,680
Retailing(a) – 0.3%
AutoNation, Inc.
	1,404,000		4.500		10/01/25	1,381,382
	500,000		1.950		08/01/28	433,385
	825,000		4.750		06/01/30	788,832
CK Hutchison International 20 Ltd.(b)
	200,000		2.500		05/08/30	172,882
Dollar Tree, Inc.
	975,000		4.000		05/15/25	960,736
Home Depot, Inc.
	625,000		3.250		04/15/32	554,375
Lowe’s Cos., Inc.
	2,500,000		1.700		10/15/30	2,040,850
McDonald’s Corp.
	650,000		4.200		04/01/50	518,511
						6,850,953
Savings & Loans(a)(b)(d) – 0.0%
Nationwide Building Society (3 mo. USD LIBOR + 1.855%)
	975,000		3.960		07/18/30	902,158
Semiconductors(a) – 0.9%
Broadcom, Inc.(b)
	1,284,000		4.150		04/15/32	1,182,911
	2,770,000		2.600		02/15/33	2,242,647
	1,156,000		3.419		04/15/33	996,310
	975,000		3.469		04/15/34	830,934
	4,175,000		3.137		11/15/35	3,342,588
	161,000		3.187		11/15/36	127,338
	1,725,000		3.500		02/15/41	1,321,695
Intel Corp.
	2,750,000		5.200		02/10/33	2,745,353
	934,000		5.150		02/21/34	922,241
NXP BV/NXP Funding LLC/NXP USA, Inc.
	825,000		3.400		05/01/30	746,889
	3,125,000		2.500		05/11/31	2,617,656
	2,250,000		2.650		02/15/32	1,870,628
						18,947,190
Software(a) – 1.3%
Constellation Software, Inc.(b)
	1,366,000		5.461		02/16/34	1,365,180
Fiserv, Inc.
	75,000		4.200		10/01/28	72,092
MSCI, Inc.(b)
	2,625,000		4.000		11/15/29	2,447,576
Oracle Corp.
	2,000,000		4.500		05/06/28	1,964,160

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Software(a) – (continued)
$	1,881,000		2.950	%	04/01/30	$    1,672,059
	2,550,000		4.650		05/06/30	2,498,056
	5,625,000		2.875		03/25/31	4,859,044
	2,211,000		4.900		02/06/33	2,145,798
	350,000		3.600		04/01/40	269,017
	3,965,000		5.550		02/06/53	3,749,740
ServiceNow, Inc.
	3,400,000		1.400		09/01/30	2,760,324
Take-Two Interactive Software, Inc.
	1,495,000		3.700		04/14/27	1,437,562
VMware LLC
	700,000		1.800		08/15/28	612,913
Workday, Inc.
	50,000		3.700		04/01/29	46,933
	675,000		3.800		04/01/32	606,508
						26,506,962
Telecommunication Services – 2.1%
AT&T, Inc.(a)
	2,375,000		2.750		06/01/31	2,034,069
	1,165,000		4.900		08/15/37	1,087,225
	2,355,000		4.850		03/01/39	2,157,368
	1,325,000		3.500		06/01/41	1,013,638
	450,000		5.150		11/15/46	417,821
British Telecommunications PLC
	3,265,000		9.625		12/15/30	3,986,663
Rogers Communications, Inc.(a)
	7,170,000		3.200		03/15/27	6,803,039
Telefonica Emisiones SA
	425,000		4.665		03/06/38	374,319
T-Mobile USA, Inc.(a)
	1,320,000		3.500		04/15/25	1,297,837
	1,350,000		1.500		02/15/26	1,267,475
	5,004,000		3.750		04/15/27	4,810,195
	700,000		4.750		02/01/28	689,374
	125,000		2.050		02/15/28	112,213
	2,333,000		3.875		04/15/30	2,181,052
	2,205,000		2.875		02/15/31	1,910,522
	2,150,000		3.500		04/15/31	1,932,269
	6,025,000		5.200		01/15/33	5,962,701
Verizon Communications, Inc.
	3,758,000		4.329		09/21/28	3,653,715
	2,251,000		4.016	(a)	12/03/29	2,127,060
	100,000		1.750	(a)	01/20/31	80,932
	1,500,000		2.550	(a)	03/21/31	1,274,175
						45,173,662
Telecommunications(a) – 0.1%
AT&T, Inc.
	2,750,000		2.550		12/01/33	2,185,865
Trucking & Leasing(a)(b) – 0.1%
Penske Truck Leasing Co. LP/PTL Finance Corp.
	1,739,000		5.250		07/01/29	1,724,827
TOTAL CORPORATE OBLIGATIONS (Cost $678,390,848)						$  648,007,216

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – 10.2%
Automotive – 0.5%
Ford Credit Auto Owner Trust Series 2024-1, Class A(b)(c)
$	4,900,000		4.870	%	08/15/36	$    4,857,217
GMF Floorplan Owner Revolving Trust Series 2023-1, Class A1(b)
	4,700,000		5.340		06/15/28	4,705,760
Hyundai Auto Receivables Trust Series 2023-A, Class A2A
	1,427,247		5.190		12/15/25	1,425,702
						10,988,679
Collateralized Loan Obligations(b) – 7.4%
1988 CLO 4 Ltd. Series 2024-4A, Class B(d) (3 mo. USD Term SOFR + 2.100%)
	3,250,000		7.400		04/15/37	3,275,188
1988 CLO 5 Ltd. Series 2024-5A, Class A1(d) (3 mo. USD Term SOFR + 1.540%)
	4,175,000		6.865		07/15/37	4,175,000
37 Capital CLO 1 Ltd. Series 2021-1A, Class A(d) (3 mo. USD Term SOFR + 1.462%)
	4,000,000		6.790		10/15/34	4,002,108
AB BSL CLO 2 Ltd. Series 2021-2A, Class A(d) (3 mo. USD Term SOFR + 1.362%)
	5,600,000		6.690		04/15/34	5,602,957
Allegro CLO VIII Ltd. Series 2018-2A, Class A(d) (3 mo. USD Term SOFR + 1.362%)
	3,050,562		6.690		07/15/31	3,052,084
AMMC CLO XI Ltd. Series 2012-11A, Class A1R2(d) (3 mo. USD Term SOFR + 1.272%)
	2,530,857		6.601		04/30/31	2,532,788
Apidos CLO XXIII Ltd. Series 2015-23A, Class AR(d) (3 mo. USD Term SOFR + 1.482%)
	4,000,000		6.810		04/15/33	4,000,000
Atlas Senior Loan Fund XIII Series 2019-13A, Class CR(d) (3 mo. USD Term SOFR + 2.912%)
	2,100,000		8.236		04/22/31	2,100,832
Cedar Funding IX CLO Ltd. Series 2018-9A, Class A1(d) (3 mo. USD Term SOFR + 1.242%)
	2,890,920		6.566		04/20/31	2,893,438
CIFC Funding Ltd. Series 2018-2A, Class A1(d) (3 mo. USD Term SOFR + 1.302%)
	3,184,238		6.626		04/20/31	3,188,836
CIFC Funding Ltd. Series 2023-3A, Class A(d) (3 mo. USD Term SOFR + 1.600%)
	4,750,000		6.916		01/20/37	4,779,835
CIFC Funding Ltd. Series 2023-3A, Class B(d) (3 mo. USD Term SOFR + 2.300%)
	3,775,000		7.616		01/20/37	3,814,426
Crown City CLO I Series 2020-1A, Class A2R(d) (3 mo. USD Term SOFR + 2.012%)
	4,600,000		7.336		07/20/34	4,600,874
Diameter Capital CLO 1 Ltd. Series 2021-1A, Class A1A(d) (3 mo. USD Term SOFR + 1.502%)
	5,250,000		6.830		07/15/36	5,259,350
Empower CLO Ltd. Series 2022-1A, Class A1(d) (3 mo. USD Term SOFR + 2.200%)
	5,800,000		7.525		10/20/34	5,823,989
Galaxy XXVIII CLO Ltd. Series 2018-28A, Class A2(d) (3 mo. USD Term SOFR + 1.562%)
	4,401,277		6.890		07/15/31	4,406,651

GOLDMAN SACHS CORE FIXED 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(b) – (continued)
HalseyPoint CLO 3 Ltd. Series 2020-3A, Class A1A(d) (3 mo. USD Term SOFR + 1.712%)
$	6,250,000		7.041	%	11/30/32	$    6,252,550
HalseyPoint CLO 7 Ltd. Series 2023-7A, Class A(d) (3 mo. USD Term SOFR + 2.250%)
	5,200,000		7.575		07/20/36	5,254,309
Hayfin U.S. XII Ltd. Series 2018-8A, Class A(d) (3 mo. USD Term SOFR + 1.382%)
	2,523,673		6.706		04/20/31	2,524,692
Katayma CLO I Ltd. Series 2023-1A, Class B(d) (3 mo. USD Term SOFR + 2.650%)
	4,400,000		7.975		10/20/36	4,459,501
Madison Park Funding XXXVII Ltd. Series 2019-37A, Class AR2(d) (3 mo. USD Term SOFR + 1.530%)
	4,475,000		6.852		04/15/37	4,505,193
Mountain View CLO LLC Series 2016-1A, Class AR(d) (3 mo. USD Term SOFR + 1.622%)
	3,500,000		6.950		04/14/33	3,503,500
OCP CLO Ltd. Series 2019-16A, Class AR(d) (3 mo. USD Term SOFR + 1.262%)
	3,489,826		6.559		04/10/33	3,491,679
Octagon Investment Partners 40 Ltd. Series 2019-1A, Class A1R(d) (3 mo. USD Term SOFR + 1.432%)
	4,700,000		6.756		01/20/35	4,703,013
OHA Credit Funding 3 Ltd. Series 2019-3A, Class AR(d) (3 mo. USD Term SOFR + 1.402%)
	2,150,000		6.726		07/02/35	2,151,718
OHA Credit Funding 5 Ltd. Series 2020-5A, Class A2A(d) (3 mo. USD Term SOFR + 1.712%)
	2,000,000		7.039		04/18/33	2,000,882
Palmer Square CLO Ltd. Series 2019-1A, Class A1R(d) (3 mo. USD Term SOFR + 1.412%)
	6,000,000		6.734		11/14/34	6,009,330
Park Blue CLO Ltd. Series 2023-3A, Class A1(d) (3 mo. USD Term SOFR + 2.000%)
	3,000,000		7.325		04/20/36	3,021,222
Post CLO Ltd. Series 2018-1A, Class A(d) (3 mo. USD Term SOFR + 1.312%)
	1,166,350		6.639		04/16/31	1,167,498
Recette CLO Ltd. Series 2015-1A, Class ARR(d) (3 mo. USD Term SOFR + 1.342%)
	7,000,000		6.666		04/20/34	7,000,000
RR 26 Ltd. Series 2023-26A, Class A1(d) (3 mo. USD Term SOFR + 1.780%)
	2,800,000		7.109		04/15/38	2,809,271
Southwick Park CLO LLC Series 2019-4A, Class A1R(d) (3 mo. USD Term SOFR + 1.322%)
	4,500,000		6.646		07/20/32	4,505,805
Sunnova Hestia I Issuer LLC Series 2023-GRID1, Class 1A
	406,328		5.750		12/20/50	408,737
TCW CLO Ltd. Series 2023-1A, Class A1N(d) (3 mo. USD Term SOFR + 2.070%)
	4,500,000		7.395		04/28/36	4,529,479
Venture 32 CLO Ltd. Series 2018-32A, Class A1(d) (3 mo. USD Term SOFR + 1.362%)
	4,029,290		6.689		07/18/31	4,030,668

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a) – (continued)
Collateralized Loan Obligations(b) – (continued)
Venture 41 CLO Ltd. Series 2021-41A, Class A1NR(d) (3 mo. USD Term SOFR + 1.430%)
$	8,644,000		6.755	%	01/20/34	$    8,629,668
Voya CLO Ltd. Series 2019-2A, Class AR(d) (3 mo. USD Term SOFR + 1.200%)
	8,050,000		6.525		07/20/32	8,052,318
Zais CLO 15 Ltd. Series 2020-15A, Class A1R(d) (3 mo. USD Term SOFR + 1.612%)
	3,250,000		6.937		07/28/32	3,252,074
						155,771,463
Credit Card – 0.9%
Barclays Dryrock Issuance Trust Series 2023-1, Class A
	8,400,000		4.720		02/15/29	8,325,231
Capital One Multi-Asset Execution Trust Series 2022-A2, Class A
	2,950,000		3.490		05/15/27	2,899,760
Capital One Multi-Asset Execution Trust Series 2022-A3, Class A
	4,200,000		4.950		10/15/27	4,178,317
Discover Card Execution Note Trust Series 2023-A1, Class A
	4,300,000		4.310		03/15/28	4,236,416
						19,639,724
Ohio – 0.1%
Louisiana Local Government Environmental Facilities & Community Development Authority Series 2022-ELL, Class A3
	2,270,000		4.275		02/01/36	2,114,532
Student Loan(d) – 1.3%
AccessLex Institute Series 2004-1, Class A2 (3 mo. USD Term SOFR + 0.472%)
	421,819		5.825		09/26/33	415,799
Apidos CLO XV Ltd. Series 2013-15A, Class A1RR(b) (3 mo. USD Term SOFR + 1.272%)
	5,124,557		6.596		04/20/31	5,128,621
Marble Point CLO XIV Ltd. Series 2018-2A, Class A12R (b) (3 mo. USD Term SOFR + 1.200%)
	4,827,779		6.525		01/20/32	4,829,734
Neuberger Berman Loan Advisers CLO 39 Ltd. Series 2020-39A, Class A1R(b) (3 mo. USD Term SOFR + 1.530%)
	5,500,000		6.853		04/20/38	5,540,320
Palmer Square Loan Funding Ltd. Series 2022-3A, Class A1BR(b) (3 mo. USD Term SOFR + 1.400%)
	4,625,000		6.729		04/15/31	4,629,084
PHEAA Student Loan Trust Series 2016-1A, Class A(b) (1 mo. USD Term SOFR + 1.264%)
	988,392		6.600		09/25/65	989,753
Silver Point CLO 4 Ltd. Series 2024-4A, Class A1(b) (3 mo. USD Term SOFR + 1.630%)
	4,950,000		6.887		04/15/37	4,994,283
						26,527,594
TOTAL ASSET-BACKED SECURITIES (Cost $214,634,777)						$  215,041,992

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Agency Debentures – 1.1%
Sovereign – 1.1%
Federal Farm Credit Banks Funding Corp.
$	7,050,000		2.850	%	03/28/34	$    6,007,446
	11,930,000		2.900		04/12/32	10,564,373
	3,840,000		3.300		05/19/32	3,479,846
	2,500,000		3.500		09/01/32	2,304,900
TOTAL AGENCY DEBENTURES (Cost $25,217,096)						$   22,356,565
Sovereign Debt Obligations – 0.8%
Euro – 0.0%
Mexico Government International Bonds(a)
EUR	839,000		1.450	%	10/25/33	$      681,196
Romania Government International Bonds (b)
	360,000		3.375		01/28/50	256,024
						937,220
United States Dollar – 0.8%
Export-Import Bank of Korea
$	390,000		5.125		01/11/33	391,825
Hungary Government International Bonds
	1,700,000		6.125		05/22/28	1,731,875
Israel Government AID Bonds(g)
	4,700,000		5.500		09/18/33	4,986,136
Israel Government International Bonds(h)
	200,000		4.500		04/03/20	140,688
Mexico Government International Bonds
	200,000		3.750		01/11/28	189,125
	240,000		3.250	(a)	04/16/30	210,900
	200,000		4.750	(a)	04/27/32	184,875
	1,746,000		3.500	(a)	02/12/34	1,420,371
	1,960,000		3.771	(a)	05/24/61	1,205,400
	600,000		3.750	(a)	04/19/71	360,300
Panama Government International Bonds(a)
	360,000		6.875		01/31/36	352,238
	800,000		6.853		03/28/54	734,400
	210,000		4.500		01/19/63	134,190
Peru Government International Bonds(a)
	10,000		2.780		12/01/60	5,609
	100,000		3.230	(i)	07/28/21	56,250
Republic of Poland Government International Bonds(a)
	2,600,000		5.125		09/18/34	2,558,140
Romania Government International Bonds
	770,000		3.000	(b)	02/27/27	716,100
	690,000		5.125		06/15/48	575,719
	580,000		4.000		02/14/51	400,562
						16,354,703
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $19,766,944)						$  17,291,923

Principal Amount		Interest Rate			Maturity Date	Value
Municipal Debt Obligations – 0.4%
California(a) – 0.2%
California State GO Bonds Build America Taxable Series 2009
$	2,600,000		7.550	%	04/01/39	$    3,057,865
Florida(a) – 0.0%
Florida State Board of Administration Finance Corp. RB Taxable Series A
	595,000		2.154		07/01/30	504,147
Illinois – 0.1%
Illinois State GO Bonds Build America Series 2010
	1,502,528		7.350		07/01/35	1,608,026
Illinois State GO Bonds Taxable-Pension Series 2003
	1,101,176		5.100		06/01/33	1,080,485
						2,688,511
New York – 0.0%
Metropolitan Transportation Authority Revenue Series 2010
	395,000		5.989		11/15/30	403,582
Metropolitan Transportation Authority Revenue Taxable Series 2020
	210,000		5.175		11/15/49	189,413
						592,995
Ohio – 0.1%
American Municipal Power-Ohio, Inc. RB Build America Taxable Series 2010
	1,545,000		6.270		02/15/50	1,636,854
TOTAL MUNICIPAL DEBT OBLIGATIONS (Cost $8,223,996)						$   8,480,372
U.S. Treasury Obligations – 23.0%
U.S. Treasury Bonds
$	6,530,000		4.250	%	05/15/39	$   6,381,034
	75,750,000		4.250		11/15/40	73,359,141
	210,000		3.375		05/15/44	174,956
	15,240,000		2.875		11/15/46	11,439,525
	51,100,000		3.000		02/15/47	39,163,359
	7,580,000		2.375		11/15/49	5,033,594
	7,925,500		4.000		11/15/52	7,220,874
	5,220,000		4.750		11/15/53	5,397,806
U.S. Treasury Inflation-Indexed Bonds
	5,610,897		1.500		02/15/53	4,715,565
	1,358,622		2.125		02/15/54	1,321,419
U.S. Treasury Notes
	3,651,800		0.750		04/30/26	3,396,317
	22,680,000		0.750		05/31/26	21,033,928
	59,493,500		4.375	(j)	08/15/26	59,103,074
	24,880,000		0.750		08/31/26	22,883,769
	22,370,000		1.375		08/31/26	20,854,782
	25,100,000		2.625		05/31/27	23,803,820
	25,680,000		0.500		06/30/27	22,821,094
	54,030,000		0.625		11/30/27	47,495,747
	53,290,000		1.250		03/31/28	47,453,080
	16,320,000		3.500		04/30/28	15,785,775
	1,000,000		4.625		09/30/28	1,008,437
	18,310,000		4.250		06/30/29	18,233,470

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
U.S. Treasury Obligations – (continued)
$	2,590,000		3.875	%	09/30/29	$    2,530,916
	3,831,000		3.625		03/31/30	3,689,133
	2,512,700		0.625		05/15/30	2,030,968
	18,360,000		4.250		06/30/31	18,256,725
TOTAL U.S. TREASURY OBLIGATIONS (Cost $528,831,872)						$  484,588,308
Shares		Dividend Rate				Value
Investment Company(k) – 0.8%
Goldman Sachs Financial Square Government Fund — Institutional Shares
	16,390,908		5.213%			$   16,390,908
(Cost $16,390,908)
TOTAL INVESTMENTS – 117.8% (Cost $2,598,460,840)						$2,482,412,379
OTHER ASSETS IN EXCESS OF  LIABILITIES – (17.8)%						(375,380,630)
NET ASSETS – 100.0%						$2,107,031,749

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 $405,464,138 which represents approximately 19.2% of net assets as of June 30, 2024.
(f)	Guaranteed by a foreign government until maturity. Total market value of these securities amounts to $13,478,764, which represents approximately 1% of the Fund’s net assets as of June 30, 2024.
(g)	Guaranteed by the United States Government until maturity. Total market value for these securities amounts to $4,986,136, which represents approximately 0.3% of the Fund’s net assets as of June 30, 2024
(h)	Actual maturity date is April 03, 2120.
(i)	Actual maturity date is July 28, 2121.
(j)	All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.
(k)	Represents an affiliated issuer.

GOLDMAN SACHS CORE FIXED 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	$	(13,000,000	)	$	(11,340,902	)
Government National Mortgage Association	3.000		TBA - 30yr		07/15/24		(12,000,000	)		(10,463,838	)
Government National Mortgage Association	5.000		TBA - 30yr		07/15/24		(5,000,000	)		(4,868,214	)
Uniform Mortgage-Backed Security	2.000		TBA - 30yr		07/15/24		(39,000,000	)		(30,502,267	)
Uniform Mortgage-Backed Security	4.500		TBA - 30yr		07/15/24		(154,000,000	)		(145,163,018	)
Uniform Mortgage-Backed Security	5.000		TBA - 30yr		07/15/24		(50,000,000	)		(48,322,250	)
Uniform Mortgage-Backed Security	5.500		TBA - 30yr		07/15/24		(10,000,000	)		(9,862,890	)
Uniform Mortgage-Backed Security	6.500		TBA - 30yr		07/15/24		(43,000,000	)		(43,762,553	)
Uniform Mortgage-Backed Security	7.000		TBA - 30yr		07/15/24		(8,000,000	)		(8,225,058	)
(PROCEEDS RECEIVED: $(313,433,672))									$	(312,510,990	)

(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	761		09/19/24	$	83,698,109		$	(328,883	)
20 Year U.S. Treasury Bonds	93		09/19/24		11,003,063			42,879
30 Year German Euro-Buxl	5		09/06/24		697,403			8,367
5 Year German Euro-Bund	5		09/06/24		704,793			6,900
5 Year U.S. Treasury Notes	1,787		09/30/24		190,455,109			1,023,219
Ultra Long U.S. Treasury Bonds	785		09/19/24		98,394,844			612,701
Total							$	1,365,183
Short position contracts:
5 Year German Euro-Oat	(2)		09/06/24		(263,711	)		3,295
Ultra 10-Year U.S. Treasury Note	(126)		09/19/24		(14,304,938	)		(36,971	)
Total							$	(33,676	)
TOTAL FUTURES CONTRACTS							$	1,331,507

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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)
3.500%(a)	12M SOFR(a)	04/19/25	$	2,700		$	45,550		$	(2,014	)	$	47,564
12M SOFR(b)	4.746%(b)	03/31/26		94,550			46,765			(41,072	)		87,837
4.224(a)	12M SOFR(a)	04/11/26		16,350	(c)		4,744			(45	)		4,789
4.427(a)	12M SOFR(a)	04/16/26		21,630	(c)		(36,639	)		8,315			(44,954	)
2.980(d)	6M EURO(a)	04/24/26	EUR	43,440	(c)		(7,197	)		(160,404	)		153,207
4.172(a)	12M SOFR(a)	05/20/26	$	13,770	(c)		759			925			(166	)
12M SOFR(b)	4.730(b)	06/30/26		68,560	(c)		288,213			25,954			262,259
2.250(b)	12M EURO(b)	09/18/26	EUR	11,820	(c)		153,109			138,027			15,082
3.750(b)	12M SOFR(b)	09/18/26	$	51,390	(c)		629,861			603,189			26,672
3M STIBOR(b)	3.000(e)	09/18/26	SEK	618,520	(c)		263,590			132,653			130,937
12M CDOR(d)	3.500(d)	09/18/26	CAD	41,930	(c)		(170,427	)		(162,924	)		(7,503	)
4.000(e)	3M AUDOR(e)	09/18/26	AUD	175,630	(c)		719,473			(59,863	)		779,336
12M GBP(b)	4.000(b)	09/18/26	GBP	40,380	(c)		(343,217	)		(355,092	)		11,875
6M NIBOR(b)	4.250(e)	09/18/26	NOK	750,480	(c)		(88,396	)		108,164			(196,560	)
4.250(b)	12M GBP(b)	09/26/26	GBP	7,460	(c)		17,094			(490	)		17,584
4.250(b)	12M SOFR(b)	09/26/26	$	9,340	(c)		23,942			10,710			13,232
4.000(e)	3M AUDOR(e)	09/26/26	AUD	13,250	(c)		53,435			16,777			36,658
3.000(d)	6M EURO(b)	09/26/26	EUR	8,160	(c)		11,807			2			11,805
12M SOFR(b)	3.350(b)	10/06/27	$	116,840	(c)		(1,062,204	)		(365,123	)		(697,081	)
4.335(b)	12M SOFR(b)	11/30/27		49,360			(83,663	)		49,260			(132,923	)
4.291(b)	12M SOFR(b)	03/31/28		49,100			(99,446	)		53,118			(152,564	)
12M SOFR(b)	3.805(b)	04/13/28		34,980	(c)		40,454			9,472			30,982
6M EURO(b)	2.500(e)	05/14/28	EUR	48,980	(c)		(150,237	)		(72,494	)		(77,743	)
12M SOFR(b)	3.696(b)	09/22/28	$	75,640	(c)		11,187			(159,945	)		171,132
4.301(b)	12M SOFR(b)	11/30/28		134,280	(c)		(1,281,286	)		(35,509	)		(1,245,777	)
0.500(b)	12M JYOR(b)	09/18/29	JPY	19,418,700	(c)		1,371,753			1,283,611			88,142
12M GBP(b)	3.750(b)	09/18/29	GBP	12,830	(c)		(110,528	)		(110,337	)		(191	)
3M NZDOR(d)	4.500(e)	09/18/29	NZD	21,160	(c)		62,834			5,166			57,668
12M SOFR(b)	4.025(b)	04/16/30	$	37,480	(c)		319,735			(163,299	)		483,034
6M EURO(b)	2.710(e)	04/24/30	EUR	32,870	(c)		(15,880	)		(73,781	)		57,901
2.680(b)	12M SOFR(b)	07/28/32	$	20,070	(c)		838,689			279,326			559,363
6M EURO(b)	3.000(e)	11/10/33	EUR	16,000	(c)		171,645			132,439			39,206
12M EURO(b)	2.370(b)	01/19/34		29,480	(c)		(484,185	)		(26,746	)		(457,439	)
2.535(d)	6M EURO(b)	01/19/34		29,480	(c)		408,019			29,585			378,434
12M SOFR(b)	3.790(b)	05/21/34	$	23,060	(c)		(18,257	)		8,577			(26,834	)
12M JYOR(b)	1.000(b)	09/18/34	JPY	47,000	(c)		(2,445	)		(2,770	)		325
12M CHFOR(b)	1.250(b)	09/18/34	CHF	1,400	(c)		40,370			15,948			24,422
3.500(b)	12M GBP(b)	09/18/34	GBP	2,090	(c)		73,218			71,277			1,941
3.750(b)	12M SOFR(b)	09/18/34	$	2,800	(c)		37,492			25,073			12,419
6M EURO(b)	2.500(e)	09/18/34	EUR	15,720	(c)		(452,417	)		(389,145	)		(63,272	)
3M STIBOR(b)	2.750(e)	09/18/34	SEK	41,210	(c)		59,412			60,882			(1,470	)
12M CDOR(d)	3.250(d)	09/18/34	CAD	6,890	(c)		(64,113	)		(77,086	)		12,973
12M SOFR(b)	3.750(b)	09/18/34	$	2,370	(c)		(31,734	)		(15,303	)		(16,431	)
4.750(e)	3M NZDOR(d)	09/18/34	NZD	660	(c)		(8,816	)		(8,831	)		15
6M AUDOR(d)	4.500(d)	09/18/34	AUD	2,510	(c)		(6,643	)		(1,261	)		(5,382	)
2.500(d)	6M EURO(b)	09/18/34	EUR	7,660	(c)		220,453			203,724			16,729
3.750(d)	6M NIBOR(b)	09/18/34	NOK	31,940	(c)		3,277			(18,362	)		21,639
3.992(b)	12M SOFR(b)	04/16/35	$	20,710	(c)		(254,225	)		114,198			(368,423	)
2.740(d)	6M EURO(b)	04/24/35	EUR	17,550	(c)		50,369			(79,638	)		130,007
3.240(b)	12M SOFR(b)	10/06/35	$	27,820	(c)		1,234,309			154,829			1,079,480
3.782(b)	12M SOFR(b)	09/22/36		17,850	(c)		27,830			276,951			(249,121	)

GOLDMAN SACHS CORE FIXED 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(b)	2.910%(b)		07/28/37	$	48,890	(c)	$	(1,653,514	)	$	(652,894	)	$	(1,000,620	)
6M EURO(b)	2.152(e)		08/09/37	EUR	15,320	(c)		(463,285	)		(1,359,405	)		896,120
12M SOFR(b)	3.391(b)		05/10/38	$	9,020	(c)		(164,414	)		(258,481	)		94,067
6M EURO(b)	3.000(e)		01/25/39	EUR	17,960	(c)		54,131			46,211			7,920
1.451%(d)	6M EURO(b)		08/10/42		38,910	(c)		1,655,439			(723,500	)		2,378,939
2.500(d)	6M EURO(b)		01/25/44		42,930	(c)		25,586			(132	)		25,718
2.080(b)	12M SOFR(b)		07/28/47	$	48,510	(c)		1,510,567			808,586			701,981
6M EURO(b)	1.051(e)		08/11/47	EUR	22,770	(c)		(751,989	)		(1,684,181	)		932,192
6M EURO(b)	2.000(e)		01/25/49		25,590	(c)		(14,131	)		(28,277	)		14,146
2.564(b)	12M SOFR(b)		05/11/53	$	8,730	(c)		224,788			(16,980	)		241,768
2.000(d)	6M EURO(b)		05/17/53	EUR	10,590	(c)		170,273			57,440			112,833
2.500(d)	6M EURO(b)		11/10/53		8,630	(c)		(280,764	)		(386,527	)		105,763
3.380(b)	12M SOFR(b)		04/11/54	$	9,660	(c)		3,274			(5,532	)		8,806
3.344(b)	12M SOFR(b)		05/20/54		13,180	(c)		28,285			12,576			15,709
2.500(d)	6M EURO(b)		09/18/54	EUR	6,520	(c)		37,938			(2,337	)		40,275
TOTAL							$	2,839,617		$	(2,756,815	)	$	5,596,432

(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.

(d) Payments made semi-annually.

(e) Payments made quarterly.

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:
CDX.NA.IG Index 40		1.000%		0.422%		06/20/28	$	106,631	$	2,272,559	$	751,417		$	1,521,142
CDX.NA.IG Index 42		1.000		0.538		06/20/29		139,225		2,886,011		2,841,627			44,384
General Electric Co. 6.750%, 03/15/32		1.000		0.103		06/20/26		3,875		67,011		20,797			46,214
Nordstrom, Inc., 6.950%, 03/15/28		1.000		0.399		12/20/24		1,950		6,171		(5,978	)		12,149
Republic of Chile, 3.24%, 2/6/2028		1.000		0.579		06/20/29		5,440		103,890		110,730			(6,840	)
Republic of Peru, 8.750%, 11/21/2033		1.000		0.773		06/20/29		5,160		53,606		57,035			(3,429	)
Republic of the Philippines, 9.500%, 2/2/2030		1.000		0.698		06/20/29		5,150		70,603		67,301			3,302
TOTAL									$	5,459,851	$	3,842,929		$	1,616,922

(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.

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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
7M IRS	BNP Paribas SA		2.250	%		11/10/2025		38,800,000		$	38,800,000		$	87,876		$	102,028		$	(14,152	)
1Y IRS	Capital Securities Corp.		2.500			05/29/2025		37,890,000			37,890,000			68,865			49,660			19,205
6M IRS	Capital Securities Corp.		2.375			11/28/2025		38,400,000			38,400,000			107,142			85,569			21,573
1Y IRS	Citibank NA		2.500			05/09/2025		38,210,000			38,210,000			62,106			77,055			(14,949	)
Total purchased option contracts								153,300,000		$	153,300,000		$	325,989		$	314,312		$	11,677
Written option contracts
Calls
7M IRS	BNP Paribas SA		2.316			11/10/2025		(4,310,000	)		(4,310,000	)		(81,805	)		(101,923	)		20,118
1M IRS	BofA Securities LLC		2.773			07/26/2024		(5,580,000	)		(5,580,000	)		(32,437	)		(45,967	)		13,530
1Y IRS	Capital Securities Corp.		2.333			05/29/2025		(4,220,000	)		(4,220,000	)		(57,632	)		(49,656	)		(7,976	)
6M IRS	Capital Securities Corp.		2.398			11/28/2025		(4,280,000	)		(4,280,000	)		(94,461	)		(85,560	)		(8,901	)
1M IRS	Citibank NA		2.796			07/10/2024		(5,470,000	)		(5,470,000	)		(21,656	)		(43,179	)		21,523
1M IRS	Citibank NA		2.738			07/17/2024		(5,610,000	)		(5,610,000	)		(19,209	)		(46,717	)		27,508
1M IRS	Citibank NA		3.915			07/29/2024		(5,800,000	)		(5,800,000	)		(534	)		(53,441	)		52,907
1Y IRS	Citibank NA		2.355			05/09/2025		(4,250,000	)		(4,250,000	)		(56,945	)		(76,986	)		20,041
1M IRS	Deutsche Bank AG (London)		3.860			07/17/2024		(5,850,000	)		(5,850,000	)		(27,230	)		(54,771	)		27,541
1M IRS	MS & Co. Int. PLC		4.065			07/10/2024		(5,690,000	)		(5,690,000	)		(67,965	)		(48,258	)		(19,707	)
1M IRS	MS & Co. Int. PLC		3.830			07/24/2024		(5,820,000	)		(5,820,000	)		(28,821	)		(51,653	)		22,832
1M IRS	UBS AG (London)		2.764			07/03/2024		(5,480,000	)		(5,480,000	)		(5,704	)		(43,202	)		37,498
								(62,360,000	)	$	(62,360,000	)	$	(494,399	)	$	(701,313	)	$	206,914
Puts
1M IRS	BofA Securities LLC		2.773			07/26/2024		(5,580,000	)		(5,580,000	)		(61,147	)		(45,966	)		(15,181	)
1M IRS	Citibank NA		2.796			07/10/2024		(5,470,000	)		(5,470,000	)		(41,034	)		(43,179	)		2,145
1M IRS	Citibank NA		2.738			07/17/2024		(5,610,000	)		(5,610,000	)		(67,986	)		(46,717	)		(21,269	)
1M IRS	Citibank NA		3.915			07/29/2024		(5,800,000	)		(5,800,000	)		(534	)		(53,441	)		52,907
1M IRS	Deutsche Bank AG (London)		3.860			07/17/2024		(5,850,000	)		(5,850,000	)		(68,021	)		(54,771	)		(13,250	)
1M IRS	MS & Co. Int. PLC		4.065			07/10/2024		(5,690,000	)		(5,690,000	)		(14,005	)		(48,258	)		34,253
1M IRS	MS & Co. Int. PLC		3.830			07/24/2024		(5,820,000	)		(5,820,000	)		(81,950	)		(51,653	)		(30,297	)
1M IRS	UBS AG (London)		2.764			07/03/2024		(5,480,000	)		(5,480,000	)		(42,459	)		(43,202	)		743
								(45,300,000	)	$	(45,300,000	)	$	(377,136	)	$	(387,187	)	$	10,051
Total written option contracts								(107,660,000	)	$	(107,660,000	)	$	(871,535	)	$	(1,088,500	)	$	216,965
TOTAL								45,640,000		$	45,640,000		$	(545,546	)	$	(774,188	)	$	228,642

Currency Abbreviations:
AUD	— Australian Dollar
CAD	— Canadian Dollar
CHF	— Swiss Franc
EUR	— Euro
GBP	— British Pound
JPY	— Japanese Yen
NOK	— Norwegian Krone
NZD	— New Zealand Dollar
SEK	— Swedish Krona
USD	— U.S. Dollar

GOLDMAN SACHS CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

Investment Abbreviations:
CLO	— Collateralized Loan Obligation
CMT	— Constant Maturity Treasury Indexes
GO	— General Obligation
LIBOR	— London Interbank Offered Rate
LLC	— Limited Liability Company
LP	— Limited Partnership
MSCI	— Morgan Stanley Capital International
PLC	— Public Limited Company
RB	— Revenue Bond
REIT	— Real Estate Investment Trust
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:
1M IRS	— 1 Month Interest Rate Swaptions
1Y IRS	— 1 Year Interest Rate Swaptions
6M IRS	— 6 Month Interest Rate Swaptions
7M IRS	— 7 Month 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 DYNAMIC BOND FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 88.7%
Collateralized Mortgage Obligations – 12.2%
Interest Only(a) – 1.2%
Federal Home Loan Mortgage Corp. REMICS Series 4468, Class SY (-1X 1 mo. USD Term SOFR + 5.986%)
$	3,444,862		0.653	%(b)	05/15/45	$    320,689
Federal Home Loan Mortgage Corp. REMICS Series 5012, Class DI
	1,679,314		4.000		09/25/50	353,098
Federal Home Loan Mortgage Corp. REMICS Series 5020, Class IH
	570,371		3.000		08/25/50	95,287
Federal National Mortgage Association REMICS Series 2011-100, Class S (-1X 1 mo. USD Term SOFR + 6.336%)
	2,040,393		1.000	(b)	10/25/41	185,807
Federal National Mortgage Association REMICS Series 2012-88, Class SB (-1X 1 mo. USD Term SOFR + 6.556%)
	1,948,202		1.220	(b)	07/25/42	159,743
Federal National Mortgage Association REMICS Series 2017-104, Class SB (-1X 1 mo. USD Term SOFR + 6.036%)
	826,161		0.700	(b)	01/25/48	86,069
Government National Mortgage Association REMICS Series 2010-35, Class DS (-1X 1 mo. USD Term SOFR + 5.566%)
	2,627,843		0.227	(b)(c)	03/20/40	182,556
Government National Mortgage Association REMICS Series 2013-103, Class DS (-1X 1 mo. USD Term SOFR + 6.036%)
	3,255,842		0.697	(b)(c)	07/20/43	265,816
Government National Mortgage Association REMICS Series 2013-117, Class PS (-1X 1 mo. USD Term SOFR + 6.036%)
	3,678,800		0.697	(b)(c)	04/20/43	208,249
Government National Mortgage Association REMICS Series 2014-11, Class NI
	859,471		4.500	(c)	12/16/42	39,954
Government National Mortgage Association REMICS Series 2014-132, Class SL (-1X 1 mo. USD Term SOFR + 5.986%)
	3,488,135		0.647	(b)(c)	10/20/43	144,587
Government National Mortgage Association REMICS Series 2015-168, Class SD (-1X 1 mo. USD Term SOFR + 6.086%)
	6,553,278		0.747	(b)(c)	11/20/45	647,933
Government National Mortgage Association REMICS Series 2014-180, Class PI
	2,485,220		4.000	(c)	08/20/44	330,106
Government National Mortgage Association REMICS Series 2015-133, Class SA (-1X 1 mo. USD Term SOFR + 5.586%)
	1,164,190		0.247	(b)(c)	09/20/45	90,960
Government National Mortgage Association REMICS Series 2015-133, Class SB (-1X 1 mo. USD Term SOFR + 5.586%)
	1,503,483		0.247	(b)(c)	09/20/45	117,274
Government National Mortgage Association REMICS Series 2015-129, Class IC
	908,184		4.500	(c)	09/16/45	172,980

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Interest Only(a) – (continued)
Government National Mortgage Association REMICS Series 2015-111, Class SM (-1X 1 mo. USD Term SOFR + 6.086%)
$	3,200,872		0.747	%(b)(c)	08/20/45	$    323,777
Government National Mortgage Association REMICS Series 2015-144, Class QS (-1X 1 mo. USD Term SOFR + 5.586%)
	3,857,208		0.247	(b)(c)	10/20/45	255,905
Government National Mortgage Association REMICS Series 2015-126, Class LS (-1X 1 mo. USD Term SOFR + 6.086%)
	2,063,690		0.747	(b)(c)	09/20/45	208,748
Government National Mortgage Association REMICS Series 2016-6, Class S (-1X 1 mo. USD Term SOFR + 5.536%)
	4,875,579		0.197	(b)(c)	01/20/46	312,304
Government National Mortgage Association REMICS Series 2017-112, Class SJ (-1X 1 mo. USD Term SOFR + 5.546%)
	938,777		0.207	(b)(c)	07/20/47	76,585
Government National Mortgage Association REMICS Series 2018-7, Class DS (-1X 1 mo. USD Term SOFR + 5.586%)
	1,047,128		0.247	(b)(c)	01/20/48	88,955
Government National Mortgage Association REMICS Series 2018-67, Class PS (-1X 1 mo. USD Term SOFR + 6.086%)
	1,554,885		0.747	(b)(c)	05/20/48	160,025
Government National Mortgage Association REMICS Series 2018-124, Class SN (-1X 1 mo. USD Term SOFR + 6.086%)
	1,367,687		0.747	(b)(c)	09/20/48	138,469
Government National Mortgage Association REMICS Series 2018-122, Class HS (-1X 1 mo. USD Term SOFR + 6.086%)
	661,093		0.747	(b)(c)	09/20/48	68,334
Government National Mortgage Association REMICS Series 2018-139, Class SQ (-1X 1 mo. USD Term SOFR + 6.036%)
	936,587		0.697	(b)(c)	10/20/48	90,506
Government National Mortgage Association REMICS Series 2019-6, Class SA (-1X 1 mo. USD Term SOFR + 5.936%)
	365,387		0.597	(b)(c)	01/20/49	34,863
Government National Mortgage Association REMICS Series 2019-1, Class SN (-1X 1 mo. USD Term SOFR + 5.936%)
	1,037,068		0.597	(b)(c)	01/20/49	97,357
Government National Mortgage Association REMICS Series 2019-78, Class SE (-1X 1 mo. USD Term SOFR + 5.986%)
	647,842		0.647	(b)(c)	06/20/49	60,190
Government National Mortgage Association REMICS Series 2019-151, Class NI
	2,298,932		3.500	(c)	10/20/49	396,960
Government National Mortgage Association REMICS Series 2020-21, Class SA (-1X 1 mo. USD Term SOFR + 5.936%)
	2,830,876		0.597	(b)(c)	02/20/50	294,418

GOLDMAN SACHS DYNAMIC BOND 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 2020-61, Class SF (-1X 1 mo. USD Term SOFR + 6.326%)
$	4,358,497		0.987	%(b)(c)	07/20/43	$    418,519
Government National Mortgage Association REMICS Series 2020-78, Class DI
	3,281,666		4.000	(c)	06/20/50	670,506
Government National Mortgage Association REMICS Series 2020-146, Class KI
	8,409,162		2.500	(c)	10/20/50	1,220,702
Government National Mortgage Association REMICS Series 2020-146, Class IM
	1,162,249		2.500	(c)	10/20/50	162,730
						8,480,961
Regular Floater(b) – 0.2%
Federal Home Loan Mortgage Corp. REMICS Series 3827, Class KF (1 mo. USD Term SOFR + 0.484%)
	151,357		5.818		03/15/41	150,376
Federal Home Loan Mortgage Corp. REMICS Series 3231, Class FB (1 mo. USD Term SOFR + 0.464%)
	126,429		5.798		10/15/36	124,834
Federal Home Loan Mortgage Corp. REMICS Series 3314, Class FC (1 mo. USD Term SOFR + 0.514%)
	78,540		5.848		12/15/36	77,349
Federal Home Loan Mortgage Corp. REMICS Series 3371, Class FA (1 mo. USD Term SOFR + 0.714%)
	134,993		6.048	(c)	09/15/37	133,688
Federal Home Loan Mortgage Corp. REMICS Series 3545, Class FA (1 mo. USD Term SOFR + 0.964%)
	37,661		6.298		06/15/39	37,856
Federal National Mortgage Association REMICS Series 2006-45, Class TF (1 mo. USD Term SOFR + 0.514%)
	245,063		5.850		06/25/36	242,428
Federal National Mortgage Association REMICS Series 2006-76, Class QF (1 mo. USD Term SOFR + 0.514%)
	290,076		5.850		08/25/36	286,636
Federal National Mortgage Association REMICS Series 2006-79, Class PF (1 mo. USD Term SOFR + 0.514%)
	290,335		5.850		08/25/36	286,798
Federal National Mortgage Association REMICS Series 2007-75, Class VF (1 mo. USD Term SOFR + 0.564%)
	101,502		5.900		08/25/37	100,628
Federal National Mortgage Association REMICS Series 2009-84, Class WF (1 mo. USD Term SOFR + 1.214%)
	33,716		6.550		10/25/39	34,133
						1,474,726
Sequential Fixed Rate(c) – 1.4%
BRAVO Residential Funding Trust Series 2024-NQM1, Class A1
	1,931,931		5.943	(d)(e)	12/01/63	1,925,896
OBX Trust Series 2024-NQM1, Class A1
	1,981,838		5.928	(d)(e)	11/25/63	1,977,493
OBX Trust Series 2024-NQM1, Class A2
	115,223		6.253	(d)(e)	11/25/63	115,121
OBX Trust Series 2024-NQM5, Class A1
	1,241,451		5.988	(d)(e)	12/01/64	1,242,451

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Fixed Rate(c) – (continued)
Residential Accredit Loans, Inc. Trust Series 2006-QS6, Class 1A13
$	308,152		6.000	%	06/25/36	$    243,574
Residential Accredit Loans, Inc. Trust Series 2006-QS9, Class 1A11
	563,812		6.500		07/25/36	446,046
Residential Accredit Loans, Inc. Trust Series 2006-QS2, Class 1A9
	196,352		5.500		02/25/36	152,607
Residential Asset Securitization Trust Series 2006-A8, Class 1A1
	653,539		6.000		08/25/36	406,973
RFMSI Trust Series 2007-S9, Class 1A1
	1,621,707		6.000		10/25/37	891,585
Verus Securitization Trust Series 2022-2, Class A1
	1,498,227		4.260	(d)(e)	02/25/67	1,398,394
Verus Securitization Trust Series 2024-1, Class A2
	1,070,421		5.915	(d)(e)	01/25/69	1,062,607
						9,862,747
Sequential Floating Rate(c) – 9.4%
Angel Oak Mortgage Trust Series 2021-6, Class A1
	452,778		1.458	(b)(d)	09/25/66	366,666
Angel Oak Mortgage Trust Series 2020-4, Class A3
	713,612		2.805	(b)(d)	06/25/65	670,670
Angel Oak Mortgage Trust Series 2020-2, Class M1
	654,000		4.500	(b)(d)	01/26/65	596,063
Banc of America Funding Trust Series 2007-2, Class 2A1
	19,835		4.126	(b)	03/25/37	18,256
BINOM Securitization Trust Series 2022-INV1, Class A1
	793,846		4.441	(b)(d)	08/25/57	756,409
Chase Home Lending Mortgage Trust Series 2024-3, Class A5
	350,000		6.000	(b)(d)	02/25/55	345,045
Chase Home Lending Mortgage Trust Series 2024-3, Class A5A
	450,000		5.500	(b)(d)	02/25/55	429,053
Chase Home Lending Mortgage Trust Series 2024-3, Class A7
	175,000		6.000	(b)(d)	02/25/55	172,776
Countrywide Alternative Loan Trust Series 2007-16CB, Class 4A3 (1 mo. USD Term SOFR + 0.614%)
	1,669,956		5.960	(b)	08/25/37	1,088,300
Countrywide Alternative Loan Trust Series 2005-26CB, Class A1 (1 mo. USD Term SOFR + 0.614%)
	239,591		5.500	(b)	07/25/35	162,789
Countrywide Alternative Loan Trust Series 2005-64CB, Class 1A12 (1 mo. USD Term SOFR + 0.914%)
	271,031		5.500	(b)	12/25/35	228,289
Countrywide Alternative Loan Trust Series 2007-16CB, Class 1A2 (1 mo. USD Term SOFR + 0.514%)
	252,031		5.860	(b)	08/25/37	163,384
CSMC Trust Series 2022-NQM1, Class A1
	745,896		2.265	(b)(d)	11/25/66	649,535
CSMC Trust Series 2020-AFC1, Class M1
	550,000		2.841	(b)(d)	02/25/50	449,206
Federal Home Loan Mortgage Corp. STACR Debt Notes Series 2017-HQA3, Class M2 (1 mo. USD Term SOFR + 2.464%)
	1,839,058		7.800	(b)	04/25/30	1,906,948

GOLDMAN SACHS DYNAMIC BOND 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)
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2020-HQA2, Class B1 (1 mo. USD Term SOFR + 4.214%)
$	2,000,000		9.550	%(b)(d)	03/25/50	$    2,260,862
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2020-DNA5, Class B1 (1 mo. USD Term SOFR + 4.800%)
	1,533,000		10.135	(b)(d)	10/25/50	1,754,482
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2020-DNA6, Class B2 (1 mo. USD Term SOFR + 5.650%)
	600,000		10.985	(b)(d)	12/25/50	680,823
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA1, Class M2 (1 mo. USD Term SOFR + 1.800%)
	746,493		7.135	(b)(d)	01/25/51	756,195
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-HQA2, Class M2 (1 mo. USD Term SOFR + 2.050%)
	440,166		7.385	(b)(d)	12/25/33	450,024
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA6, Class B1 (1 mo. USD Term SOFR + 3.400%)
	137,000		8.735	(b)(d)	10/25/41	141,945
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA1, Class M1B (1 mo. USD Term SOFR + 3.500%)
	1,895,401		8.835	(b)(d)	03/25/42	1,990,533
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2020-HQA4, Class B1 (1 mo. USD Term SOFR + 5.364%)
	708,508		10.700	(b)(d)	09/25/50	793,347
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class A1 (1 mo. USD Term SOFR + 1.250%)
	2,079,969		6.585	(b)(d)	03/25/44	2,083,709
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M1 (1 mo. USD Term SOFR + 1.250%)
	3,180,443		6.585	(b)(d)	03/25/44	3,187,210
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M2 (1 mo. USD Term SOFR + 2.000%)
	625,000		7.335	(b)(d)	03/25/44	627,669
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-DNA1, Class M1 (1 mo. USD Term SOFR + 1.350%)
	2,711,586		6.685	(b)(d)	02/25/44	2,720,558
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-DNA2, Class M1 (1 mo. USD Term SOFR + 1.200%)
	2,094,087		6.535	(b)(d)	05/25/44	2,096,511
Federal Home Loan Mortgage Corp. STACR Trust Series 2019-HQA2, Class M2 (1 mo. USD Term SOFR + 2.164%)
	459,111		7.500	(b)(d)	04/25/49	468,119
Federal Home Loan Mortgage Corp. STACR Trust Series 2019-HQA3, Class M2 (1 mo. USD Term SOFR + 1.964%)
	49,084		7.300	(b)(d)	09/25/49	49,903

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(c) – (continued)
Federal National Mortgage Association Connecticut Avenue Securities Series 2019-R01, Class 2M2 (1 mo. USD Term SOFR + 2.564%)
$	21,265		7.900	%(b)(d)	07/25/31	$     21,303
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R05, Class 2M2 (1 mo. USD Term SOFR + 3.000%)
	279,000		8.335	(b)(d)	04/25/42	288,818
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03, Class 2M2 (1 mo. USD Term SOFR + 3.900%)
	508,336		9.235	(b)(d)	04/25/43	544,523
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R05, Class 1M2 (1 mo. USD Term SOFR + 3.100%)
	250,000		8.435	(b)(d)	06/25/43	264,139
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R06, Class 1M2 (1 mo. USD Term SOFR + 2.700%)
	230,000		8.035	(b)(d)	07/25/43	239,181
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R02, Class 2M1 (1 mo. USD Term SOFR + 0.900%)
	216,257		6.235	(b)(d)	11/25/41	216,317
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R08, Class 1M2 (1 mo. USD Term SOFR + 2.500%)
	610,000		7.835	(b)(d)	10/25/43	628,244
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R08, Class 1B1 (1 mo. USD Term SOFR + 3.550%)
	2,185,000		8.885	(b)(d)	10/25/43	2,282,241
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01, Class 1B1 (1 mo. USD Term SOFR + 2.700%)
	700,000		8.035	(b)(d)	01/25/44	711,173
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	450,000		7.135	(b)(d)	01/25/44	455,080
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R03, Class 2M1 (1 mo. USD Term SOFR + 1.150%)
	2,145,859		6.485	(b)(d)	03/25/44	2,148,587
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R04, Class 1B1 (1 mo. USD Term SOFR + 2.200%)
	975,000		7.524	(b)(d)	05/25/44	975,801
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R04, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	550,000		6.974	(b)(d)	05/25/44	551,213
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R03, Class 2M2 (1 mo. USD Term SOFR + 1.950%)
	500,000		7.285	(b)(d)	03/25/44	502,826

GOLDMAN SACHS DYNAMIC BOND 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)
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R03, Class 2B1 (1 mo. USD Term SOFR + 2.800%)
$	425,000		8.135	%(b)(d)	03/25/44	$     429,574
GCAT Trust Series 2020-NQM2, Class M1
	825,000		3.589	(b)(d)	04/25/65	713,995
Government National Mortgage Association REMICS Series 2023-70, Class SE (-1X 1 mo. USD Term SOFR + 6.120%)
	4,660,187		0.787	(b)	05/20/53	231,709
JP Morgan Mortgage Trust Series 2021-LTV2, Class A1
	1,258,113		2.520	(b)(d)	05/25/52	1,021,377
JP Morgan Mortgage Trust Series 2022-LTV1, Class A2
	430,896		3.520	(b)(d)	07/25/52	366,327
JP Morgan Mortgage Trust Series 2023-2, Class A3A
	1,591,358		5.000	(b)(d)	07/25/53	1,522,358
JP Morgan Mortgage Trust Series 2023-10, Class A6
	642,537		6.000	(b)(d)	05/25/54	637,930
JP Morgan Mortgage Trust Series 2023-DSC1, Class A1
	1,574,397		4.625	(b)(d)	07/25/63	1,480,562
JP Morgan Mortgage Trust Series 2024-1, Class A2
	2,116,804		6.000	(b)(d)	06/25/54	2,100,763
JP Morgan Mortgage Trust Series 2024-2, Class A5A
	600,000		6.000	(b)(d)	08/25/54	591,828
JP Morgan Mortgage Trust Series 2024-VIS1, Class A1
	1,350,006		5.990	(b)(d)	07/25/64	1,359,294
JP Morgan Mortgage Trust Series 2024-3, Class A4
	2,226,206		3.000	(b)(d)	05/25/54	1,947,710
JP Morgan Mortgage Trust Series 2024-VIS1, Class A2
	1,816,371		6.192	(b)(d)	07/25/64	1,826,546
JP Morgan Mortgage Trust Series 2023-DSC2, Class A1
	679,414		5.250	(b)(d)	11/25/63	665,648
JP Morgan Mortgage Trust Series 2022-DSC1, Class A3
	908,483		4.750	(b)(d)	01/25/63	847,395
JP Morgan Mortgage Trust Series 2024-4, Class A5A
	725,000		6.000	(b)(d)	10/25/54	711,941
JP Morgan Mortgage Trust Series 2024-5, Class A6
	975,000		6.000	(b)(d)	11/25/54	970,109
MFA Trust Series 2020-NQM3, Class B1
	800,000		3.661	(b)(d)	01/26/65	693,010
Mill City Mortgage Loan Trust Series 2017-2, Class A3
	351,025		3.250	(b)(d)	07/25/59	334,474
OBX Trust Series 2022-NQM1, Class A2
	500,000		3.001	(b)(d)	11/25/61	362,027
OBX Trust Series 2022-J2, Class A1
	1,064,510		3.500	(b)(d)	08/25/52	918,972
OBX Trust Series 2024-NQM4, Class A1
	1,916,280		6.067	(d)(e)	01/25/64	1,921,274
Residential Accredit Loans, Inc. Trust Series 2006-QO7, Class 3A2 (1 mo. USD Term SOFR + 0.524%)
	60,447		5.870	(b)	09/25/46	58,409
Residential Mortgage Loan Trust Series 2020-2, Class A3
	152,000		2.911	(b)(d)	05/25/60	140,876
Residential Mortgage Loan Trust Series 2019-2, Class B1
	700,000		4.713	(b)(d)	05/25/59	670,515
Starwood Mortgage Residential Trust Series 2020-2, Class B1E
	1,875,000		3.000	(b)(d)	04/25/60	1,729,423

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(c) – (continued)
Towd Point Mortgage Trust Series 2020-1, Class A2A
$	550,000		3.100	%(b)(d)	01/25/60	$    477,895
Verus Securitization Trust Series 2021-8, Class A1
	594,085		1.824	(b)(d)	11/25/66	516,648
Verus Securitization Trust Series 2021-5, Class A3
	911,167		1.373	(b)(d)	09/25/66	770,414
Verus Securitization Trust Series 2021-7, Class A2
	709,108		2.137	(b)(d)	10/25/66	599,276
Verus Securitization Trust Series 2022-1, Class A3
	1,162,991		3.288	(b)(d)	01/25/67	1,024,394
Visio Trust Series 2020-1, Class M1
	500,000		4.450	(b)(d)	08/25/55	459,363
						65,996,761
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$ 85,815,195
Commercial Mortgage-Backed Securities – 8.7%
Sequential Fixed Rate – 3.0%
Bank Series 2021-BN38, Class A5
$	1,050,000		2.521	%(c)	12/15/64	$    869,513
Bank Series 2021-BN38, Class B
	250,000		2.885	(c)	12/15/64	196,607
Bank5 Series 2024-5YR7, Class A3
	1,325,000		5.769	(c)	06/15/57	1,346,730
BBCMS Mortgage Trust Series 2023-C20, Class A3
	1,600,000		5.991	(c)	07/15/56	1,650,584
BBCMS Mortgage Trust Series 2019-C3, Class C
	865,000		4.178	(c)	05/15/52	729,212
BBCMS Mortgage Trust Series 2024-5C25, Class D
	1,050,000		4.000	(c)(d)	03/15/57	892,992
BBCMS Mortgage Trust Series 2024-5C27, Class A3
	1,375,000		6.014	(c)	07/15/57	1,409,041
Benchmark Mortgage Trust Series 2022-B33, Class A5
	1,125,000		3.458	(c)	03/15/55	984,700
Benchmark Mortgage Trust Series 2020-B21, Class A5
	1,000,000		1.978	(c)	12/17/53	814,998
BMO Mortgage Trust Series 2024-5C3, Class D
	1,350,000		4.000	(c)(d)	02/15/57	1,130,685
Citigroup Commercial Mortgage Trust Series 2017-P8, Class D
	1,000,000		3.000	(c)(d)	09/15/50	715,460
DOLP Trust Series 2021-NYC, Class A
	1,600,000		2.956	(d)	05/10/41	1,332,195
JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-JP2, Class B
	1,550,000		3.460	(c)	08/15/49	1,353,486
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-OPO, Class A
	1,349,000		3.024	(d)	01/05/39	1,205,216
Manhattan West Mortgage Trust Series 2020-1MW, Class A
	2,350,000		2.130	(d)	09/10/39	2,091,402
MSWF Commercial Mortgage Trust Series 2023-2, Class A2
	1,575,000		6.890	(c)	12/15/56	1,656,998
Wells Fargo Commercial Mortgage Trust Series 2017-RC1, Class D
	756,000		3.250	(c)(d)	01/15/60	561,911

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Fixed Rate – (continued)
Wells Fargo Commercial Mortgage Trust Series 2021-C59, Class A5
$	1,500,000		2.626	%(c)	04/15/54	$    1,258,454
Wells Fargo Commercial Mortgage Trust Series 2018-C48, Class D
	825,000		3.000	(c)(d)	01/15/52	608,979
						20,809,163
Sequential Floating Rate(b) – 5.7%
3650R Commercial Mortgage Trust Series 2021-PF1, Class AS
	1,050,000		2.778		11/15/54	860,555
Bank Series 2022-BNK39, Class A4
	2,400,000		2.928	(c)	02/15/55	2,048,344
Bank Series 2017-BNK5, Class C
	575,000		4.325	(c)	06/15/60	534,966
BBCMS Mortgage Trust Series 2018-TALL, Class A (1 mo. USD Term SOFR + 0.919%)
	1,400,000		6.248	(d)	03/15/37	1,323,890
BBCMS Mortgage Trust Series 2018-TALL, Class B (1 mo. USD Term SOFR + 1.168%)
	750,000		6.497	(d)	03/15/37	687,275
BBCMS Mortgage Trust Series 2024-5C25, Class B
	1,575,000		6.151	(c)	03/15/57	1,582,014
BBCMS Mortgage Trust Series 2024-5C25, Class C
	875,000		6.643	(c)	03/15/57	882,241
BBCMS Mortgage Trust Series 2018-TALL, Class C (1 mo. USD Term SOFR + 1.318%)
	750,000		6.647	(d)	03/15/37	670,870
BBCMS Mortgage Trust Series 2024-C26, Class C
	775,000		6.000	(c)	05/15/57	753,489
Benchmark Mortgage Trust Series 2022-B32, Class A5
	1,800,000		3.002		01/15/55	1,500,079
BLP Commercial Mortgage Trust Series 2023-IND, Class A (1 mo. USD Term SOFR + 1.692%)
	700,000		7.021	(d)	03/15/40	698,815
BMO Mortgage Trust Series 2022-C2, Class A5
	1,361,000		4.973		07/15/54	1,324,683
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	1,174,754		6.721	(d)	03/15/41	1,169,285
BX Commercial Mortgage Trust Series 2024-WPT, Class A (1 mo. USD Term SOFR + 1.541%)
	1,250,000		6.870	(d)	03/15/34	1,244,998
BX Trust Series 2022-PSB, Class A (1 mo. USD Term SOFR + 2.451%)
	1,835,377		7.780	(d)	08/15/39	1,830,802
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
	1,425,000		6.971	(d)	02/15/41	1,420,384
BX Trust Series 2024-PAT, Class A (1 mo. USD Term SOFR + 2.090%)
	500,000		7.419	(d)	03/15/41	499,375
BX Trust Series 2024-PAT, Class B (1 mo. USD Term SOFR + 3.039%)
	150,000		8.368	(d)	03/15/41	149,812
BX Trust Series 2024-BRVE, Class A (1 mo. USD Term SOFR + 1.841%)
	1,975,000		7.170	(d)	04/15/26	1,969,559

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(b) – (continued)
BX Trust Series 2024-BRVE, Class B (1 mo. USD Term SOFR + 2.540%)
$	1,700,000		7.869	%(d)	04/15/26	$    1,695,316
Commercial Mortgage Trust Series 2024-WCL1, Class A (1 mo. USD Term SOFR + 1.841%)
	2,075,000		7.141	(d)	06/15/41	2,065,049
CSAIL Commercial Mortgage Trust Series 2018-CX12, Class AS
	1,750,000		4.463	(c)	08/15/51	1,643,026
DC Trust Series 2024-HLTN, Class A
	750,000		5.934	(d)	04/13/28	740,845
DC Trust Series 2024-HLTN, Class B
	1,625,000		6.686	(d)	04/13/28	1,618,514
HTL Commercial Mortgage Trust Series 2024-T53, Class A
	1,300,000		6.072	(d)	05/10/39	1,296,064
HTL Commercial Mortgage Trust Series 2024-T53, Class B
	800,000		6.774	(d)	05/10/39	800,142
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-NLP, Class B (1 mo. USD Term SOFR + 1.107%)
	1,195,942		6.436	(d)	04/15/37	1,138,039
Morgan Stanley Capital I Trust Series 2019-L3, Class B
	875,000		3.771	(c)	11/15/52	762,548
Morgan Stanley Capital I Trust Series 2022-L8, Class A5
	125,000		3.920	(c)	04/15/55	112,273
One New York Plaza Trust Series 2020-1NYP, Class A (1 mo. USD Term SOFR + 1.064%)
	1,650,000		6.394	(d)	01/15/36	1,580,115
SCG Mortgage Trust Series 2024-MSP, Class A (1 mo. USD Term SOFR + 1.741%)
	1,025,000		7.070	(d)	04/15/41	1,017,833
WB Commercial Mortgage Trust Series 2024-HQ, Class A
	425,000		6.134	(d)	03/15/40	423,886
WB Commercial Mortgage Trust Series 2024-HQ, Class B
	1,600,000		6.634	(d)	03/15/40	1,598,265
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class A
	1,750,000		5.308	(d)	07/15/35	1,722,236
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class B
	1,100,000		5.743	(d)	07/15/35	1,083,355
						40,448,942
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$   61,258,105
Federal Agencies – 67.8%
Federal Home Loan Mortgage Corp. – 0.0%
$	5,788		5.000	%	01/01/33	$        5,744
	264		5.000		03/01/33	262
	3,666		5.000		04/01/33	3,638
	438		5.000		05/01/33	435
	1,490		5.000		06/01/33	1,479
	9,549		5.000		07/01/33	9,478
	14,552		5.000		08/01/33	14,449
	1,532		5.000		09/01/33	1,523
	3,312		5.000		10/01/33	3,287
	5,903		5.000		11/01/33	5,858
	3,112		5.000		12/01/33	3,089
	2,825		5.000		01/01/34	2,804

GOLDMAN SACHS DYNAMIC BOND 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)
$	9,448		5.000	%		02/01/34		$        9,378
	5,290		5.000			03/01/34		5,252
	7,677		5.000			04/01/34		7,621
	10,644		5.000			05/01/34		10,564
	155,323		5.000			06/01/34		154,160
	4,252		5.000			11/01/34		4,222
	37,887		5.000			04/01/35		37,603
	11		5.000			11/01/35		11
								280,857
Government National Mortgage Association – 38.0%
	7,457,420		4.500			12/20/48		7,174,497
	2,767,697		5.000			12/20/48		2,724,167
	4,277,308		4.500			01/20/49		4,109,687
	1,724,650		2.500			10/20/51		1,437,322
	2,149,270		2.500			11/20/51		1,789,185
	2,958,785		2.500			12/20/51		2,468,479
	8,822,831		7.000			01/20/54		8,985,776
	2,050,364		7.000			02/20/54		2,088,231
	3,000,000		2.500			TBA-30yr	(f)	2,522,968
	8,000,000		2.000			TBA-30yr	(f)	6,477,890
	78,000,000		4.500			TBA-30yr	(f)	74,144,530
	2,000,000		5.500			TBA-30yr	(f)	1,984,300
	40,000,000		6.000			TBA-30yr	(f)	40,171,884
	76,000,000		6.500			TBA-30yr	(f)	77,055,351
	34,000,000		7.000			TBA-30yr	(f)	34,614,397
								267,748,664
Uniform Mortgage-Backed Security – 29.8%
	14,494		4.500			08/01/37		14,107
	2,904		4.500			04/01/39		2,829
	4,585		4.000			08/01/39		4,332
	2,036		4.000			09/01/39		1,923
	16,397		4.500			10/01/39		15,988
	2,118		4.500			05/01/41		2,059
	8,530		4.500			06/01/41		8,303
	8,310		4.500			08/01/41		8,081
	2,554		4.500			10/01/41		2,485
	639		4.500			11/01/42		622
	11,181		4.500			12/01/43		10,817
	432,545		4.500			11/01/48		413,179
	78,883		4.500			01/01/49		75,326
	508,040		4.500			06/01/49		485,206
	391,952		4.500			08/01/49		374,037
	5,065,361		5.000			10/01/49		4,979,824
	367,462		4.500			01/01/50		351,378
	7,136,574		4.500			03/01/50		6,850,862
	4,477,972		5.000			03/01/50		4,396,757
	7,132,890		6.000			01/01/53		7,203,265
	1,837,251		5.500			04/01/53		1,828,409
	2,723,393		6.000			04/01/53		2,766,283
	24,000,000		3.000			TBA-30yr	(f)	20,422,512
	76,000,000		5.500			TBA-30yr	(f)	75,635,159
	58,000,000		6.000			TBA-30yr	(f)	58,522,005

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	25,000,000		7.000	%	TBA-30yr(f)	$   25,703,308
						210,079,056
TOTAL FEDERAL AGENCIES						$  478,108,577
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $628,948,367)						$  625,181,877
Asset-Backed Securities – 28.0%
Automotive(c) – 2.6%
Bank of America Auto Trust Series 2023-2A, Class A2(d)
$	1,129,198		5.850	%	08/17/26	$    1,129,869
Citizens Auto Receivables Trust Series 2024-1, Class A2A(d)
	2,300,000		5.430		10/15/26	2,297,168
Exeter Automobile Receivables Trust Series 2024-2A, Class A3
	1,075,000		5.630		10/15/26	1,073,938
Ford Credit Auto Owner Trust Series 2023-C, Class A2A
	2,165,951		5.680		09/15/26	2,166,003
GM Financial Consumer Automobile Receivables Trust Series 2024-1, Class A2A
	2,250,000		5.120		02/16/27	2,243,760
GM Financial Revolving Receivables Trust Series 2024-1, Class A(d)
	1,550,000		4.980		12/11/36	1,543,930
Santander Drive Auto Receivables Trust Series 2023-6, Class A2
	1,181,952		6.080		05/17/27	1,183,483
Santander Drive Auto Receivables Trust Series 2024-1, Class A2
	1,167,583		5.710		02/16/27	1,167,013
SBNA Auto Receivables Trust Series 2024-A, Class A2(d)
	2,000,000		5.700		03/15/27	1,998,578
Tesla Auto Lease Trust Series 2024-A, Class A3(d)
	800,000		5.300		06/21/27	797,642
Toyota Auto Receivables Owner Trust Series 2023-B, Class A3
	2,650,000		4.710		02/15/28	2,623,772
						18,225,156
Collateralized Loan Obligations – 18.4%
1988 CLO 3 Ltd. Series 2023-3A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 2.000%)
	2,500,000		7.329		10/15/38	2,529,647
1988 CLO 4 Ltd. Series 2024-4A, Class C(b)(c)(d) (3 mo. USD Term SOFR + 2.600%)
	2,100,000		7.900		04/15/37	2,101,103
1988 CLO 4 Ltd. Series 2024-4A, Class D(b)(c)(d) (3 mo. USD Term SOFR + 4.250%)
	2,700,000		9.550		04/15/37	2,732,705
1988 CLO 5 Ltd. Series 2024-5A, Class D1(b)(c)(d) (3 mo. USD Term SOFR + 3.300%)
	1,900,000		8.625		07/15/37	1,900,000
37 Capital CLO 1 Ltd. Series 2021-1A, Class A(b)(c)(d) (3 mo. USD Term SOFR + 1.462%)
	1,400,000		6.790		10/15/34	1,400,738
AB BSL CLO 4 Ltd. Series 2023-4A, Class B(b)(c)(d) (3 mo. USD Term SOFR + 2.500%)
	2,600,000		7.825		04/20/36	2,631,850

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities – (continued)
Collateralized Loan Obligations – (continued)
Apidos CLO XXIII Ltd. Series 2015-23A, Class AR(b)(c)(d) (3 mo. USD Term SOFR + 1.482%)
$	2,600,000		6.810	%	04/15/33	$    2,600,000
Bain Capital Credit CLO Ltd. Series 2020-1A, Class A1R(b)(c)(d) (3 mo. USD Term SOFR + 1.250%)
	2,700,000		6.573		04/18/33	2,711,669
Bain Capital Credit CLO Ltd. Series 2024-3A, Class D1(b)(c)(d) (3 mo. USD Term SOFR + 3.200%)
	1,950,000		8.443		07/16/37	1,953,286
Ballyrock CLO 23 Ltd. Series 2023-23A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 1.980%)
	2,600,000		7.304		04/25/36	2,619,388
Barings CLO Ltd. Series 2020-4A, Class D1(b)(c)(d) (3 mo. USD Term SOFR + 3.962%)
	1,000,000		9.286		01/20/32	1,000,963
Barings CLO Ltd. Series 2023-1A, Class A(b)(c)(d) (3 mo. USD Term SOFR + 1.750%)
	2,700,000		7.075		04/20/36	2,717,736
Barings CLO Ltd. Series 2022-4A, Class A(b)(c)(d) (3 mo. USD Term SOFR + 1.990%)
	1,325,000		7.315		10/20/34	1,329,595
Benefit Street Partners CLO XXXIII Ltd. Series 2023-33A, Class D(b)(c)(d) (3 mo. USD Term SOFR + 4.250%)
	2,000,000		9.562		01/25/36	2,036,376
Benefit Street Partners CLO XXXV Ltd. Series 2024-35A, Class E(b)(c)(d) (3 mo. USD Term SOFR + 6.100%)
	1,000,000		11.431		04/25/37	987,089
Birch Grove CLO 7 Ltd. Series 2023-7A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 1.800%)
	2,070,000		7.178		10/20/36	2,084,413
Bridgepoint CLO 2 DAC Series 2X, Class D(b)(c) (3 mo. EUR EURIBOR + 3.000%)
EUR	800,000		6.906		04/15/35	847,925
Bryant Park Funding Ltd. Series 2023-21A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 2.050%)
$	2,000,000		7.377		10/18/36	2,025,408
Captree Park CLO Ltd. Series 2024-1A, Class E(b)(c)(d) (3 mo. USD Term SOFR + 6.000%)
	625,000		11.333		07/20/37	627,564
Carval CLO X-C Ltd. Series 2024-2A, Class A(b)(c)(d) (3 mo. USD Term SOFR + 1.460%)
	2,100,000		7.336		07/20/37	2,100,000
Carval CLO X-C Ltd. Series 2024-2A, Class B(b)(c)(d) (3 mo. USD Term SOFR + 1.800%)
	1,400,000		7.336		07/20/37	1,400,000
Cathedral Lake VII Ltd. Series 2021-7RA, Class CR(b)(c)(d) (3 mo. USD Term SOFR + 2.150%)
	2,000,000		7.492		01/15/32	2,000,000
CIFC Funding Ltd. Series 2023-3A, Class E(b)(c)(d) (3 mo. USD Term SOFR + 7.650%)
	1,025,000		12.966		01/20/37	1,054,652
CIFC Funding Ltd. Series 2023-3A, Class B(b)(c)(d) (3 mo. USD Term SOFR + 2.300%)
	1,300,000		7.616		01/20/37	1,313,577
CIFC Funding Ltd. Series 2022-3A, Class A(b)(c)(d) (3 mo. USD Term SOFR + 1.410%)
	2,000,000		6.735		04/21/35	2,001,778

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities – (continued)
Collateralized Loan Obligations – (continued)
Crown City CLO I Series 2020-1A, Class A1AR(b)(c)(d) (3 mo. USD Term SOFR + 1.452%)
$	2,000,000		6.776	%	07/20/34	$    2,000,400
Crown City CLO IV Series 2022-4A, Class C1R(b)(c)(d) (3 mo. USD Term SOFR + 4.500%)
	1,300,000		9.824		04/20/37	1,317,538
Crown City CLO V Series 2023-5A, Class A1R(b)(c)(d) (3 mo. USD Term SOFR + 1.600%)
	1,700,000		6.922		04/20/37	1,705,549
Elmwood CLO 29 Ltd. Series 2024-5A, Class AR2(b)(c)(d) (3 mo. USD Term SOFR + 1.700%)
	1,325,000		7.021		04/20/37	1,332,370
Generate CLO 15 Ltd. Series 2024-15A, Class A(b)(c)(d) (3 mo. USD Term SOFR + 1.570%)
	2,000,000		6.891		07/20/37	2,007,754
Golub Capital Partners CLO 74 B Ltd. Series 2024-74A, Class D1(b)(c)(d) (3 mo. USD Term SOFR + 3.200%)
	700,000		8.515		07/25/37	701,199
HalseyPoint CLO 5 Ltd. Series 2021-5A, Class C1(b)(c)(d) (3 mo. USD Term SOFR + 2.462%)
	2,000,000		7.791		01/30/35	2,000,850
Halseypoint CLO 6 Ltd. Series 2022-6A, Class D(b)(c)(d) (3 mo. USD Term SOFR + 5.690%)
	800,000		11.015		10/20/34	809,678
HalseyPoint CLO I Ltd. Series 2019-1A, Class A1A1(b)(c)(d) (3 mo. USD Term SOFR + 1.612%)
	9,400,000		6.936		01/20/33	9,405,405
Halseypoint CLO II Ltd. Series 2020-2A, Class D1R(b)(c)(d) (-1X 3 mo. USD Term SOFR + 3.600%)
	1,425,000		1.000		07/20/37	1,425,000
JP Morgan Mortgage Trust Series 2023-HE3, Class A1(b)(c)(d) (1 mo. USD Term SOFR + 1.600%)
	562,253		6.934		05/25/54	565,773
LCCM Trust Series 2021-FL2, Class A(b)(c)(d) (1 mo. USD Term SOFR + 1.314%)
	892,717		6.643		12/13/38	872,800
Madison Park Funding LXI Ltd. Series 2023-61A, Class A(b)(c)(d) (3 mo. USD Term SOFR + 1.730%)
	1,000,000		7.037		01/20/37	1,009,015
Madison Park Funding XXXVII Ltd. Series 2019-37A, Class AR2(b)(c)(d) (3 mo. USD Term SOFR + 1.530%)
	1,500,000		6.852		04/15/37	1,510,121
Man GLG U.S. CLO Ltd. Series 2021-1A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 1.562%)
	6,700,000		6.890		07/15/34	6,700,523
Marathon CLO XIII Ltd. Series 2019-1A, Class A2R2(b)(c)(d) (3 mo. USD Term SOFR + 1.950%)
	2,050,000		7.284		04/15/32	2,052,294
MF1 Ltd. Series 2021-FL6, Class A(b)(c)(d) (1 mo. USD Term SOFR + 1.214%)
	1,134,794		6.546		07/16/36	1,125,565
Mountain View CLO XVI Ltd. Series 2022-1A, Class A1R(b)(c)(d) (3 mo. USD Term SOFR + 1.460%)
	1,700,000		6.789		04/15/34	1,700,000
Nissan Master Owner Trust Receivables Series 2024-B, Class A(c)(d)
	2,725,000		5.050		02/15/29	2,715,914

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities – (continued)
Collateralized Loan Obligations – (continued)
North Westerly VII ESG CLO DAC Series VII-X, Class D(b)(c) (3 mo. EUR EURIBOR + 2.950%)
EUR	1,200,000		6.778	%	05/15/34	$    1,257,582
Ocean Trails CLO XI Series 2021-11A, Class D(b)(c)(d) (3 mo. USD Term SOFR + 3.962%)
$	3,000,000		9.286		07/20/34	2,989,029
OZLM XVII Ltd. Series 2017-17A, Class A1RR(b)(c)(d) (3 mo. USD Term SOFR + 1.150%)
	3,000,000		6.475		07/20/30	3,000,000
Palmer Square CLO Ltd. Series 2021-4A, Class E(b)(c)(d) (3 mo. USD Term SOFR + 6.312%)
	260,000		11.640		10/15/34	261,664
Palmer Square Loan Funding Ltd. Series 2022-3A, Class CR(b)(c)(d) (3 mo. USD Term SOFR + 3.000%)
	3,000,000		8.329		04/15/31	3,004,947
Palmer Square Loan Funding Ltd. Series 2024-3A, Class C(b)(c)(d) (3 mo. USD Term SOFR + 2.950%)
	1,300,000		8.287		08/08/32	1,302,314
Park Blue CLO Ltd. Series 2022-1A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 2.450%)
	1,200,000		7.775		10/20/34	1,206,599
Park Blue CLO Ltd. Series 2023-3A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 2.000%)
	2,000,000		7.325		04/20/36	2,014,148
Park Blue CLO Ltd. Series 2024-5A, Class D(b)(c)(d) (3 mo. USD Term SOFR + 3.200%)
	500,000		8.518		07/25/37	500,851
Park Blue CLO Ltd. Series 2023-4A, Class D1(b)(c)(d) (3 mo. USD Term SOFR + 5.400%)
	1,350,000		10.729		01/25/37	1,415,032
RRE 5 Loan Management DAC Series 5X, Class A2R(b)(c) (3 mo. EUR EURIBOR + 1.750%)
EUR	2,200,000		5.656		01/15/37	2,360,775
Silver Point CLO 3 Ltd. Series 2023-3A, Class D(b)(c)(d) (3 mo. USD Term SOFR + 5.900%)
$	1,500,000		11.224		11/29/36	1,555,364
Sixth Street CLO XXI Ltd. Series 2022-21A, Class B(b)(c)(d) (3 mo. USD Term SOFR + 3.000%)
	1,720,000		8.329		10/15/35	1,731,017
Sound Point CLO 38 Ltd. Series 2024-38A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 1.600%)
	2,400,000		6.920		02/20/37	2,416,454
Sound Point CLO XXIX Ltd. Series 2021-1A, Class C1(b)(c)(d) (3 mo. USD Term SOFR + 2.562%)
	1,000,000		7.885		04/25/34	1,000,150
Stellar Jay Ireland DAC Series 2021-1, Class A(d)
	1,727,324		3.967		10/15/41	1,593,379
Sunnova Hestia I Issuer LLC Series 2023-GRID1, Class 1A(c)(d)
	167,311		5.750		12/20/50	168,304
Trinitas CLO XXV Ltd. Series 2023-25A, Class A1(b)(c)(d) (3 mo. USD Term SOFR + 1.850%)
	1,870,000		7.181		01/23/37	1,883,352
Venture 41 CLO Ltd. Series 2021-41A, Class A1NR(b)(c)(d) (3 mo. USD Term SOFR + 1.430%)
	2,925,000		6.755		01/20/34	2,920,150
Venture 49 CLO Ltd. Series 2024-49A, Class C1(b)(c)(d) (3 mo. USD Term SOFR + 2.650%)
	1,700,000		7.978		04/20/37	1,701,537

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities – (continued)
Collateralized Loan Obligations – (continued)
Voya CLO Ltd. Series 2019-2A, Class AR(b)(c)(d) (3 mo. USD Term SOFR + 1.200%)
$	2,725,000		6.525	%	07/20/32	$    2,725,785
Voya CLO Ltd. Series 2024-1A, Class D(b)(c)(d) (3 mo. USD Term SOFR + 3.650%)
	1,375,000		8.976		04/15/37	1,381,381
Zais CLO 15 Ltd. Series 2020-15A, Class A1R(b)(c)(d) (3 mo. USD Term SOFR + 1.612%)
	4,000,000		6.937		07/28/32	4,002,552
						130,057,576
Collateralized Mortgage Obligations(b)(c)(d) – 0.2%
Brookhaven Park CLO Ltd. Series 2024-1A, Class A (3 mo. USD Term SOFR + 1.500%)
	1,700,000		6.794		04/19/37	1,707,358
Credit Card(c) – 1.1%
American Express Credit Account Master Trust Series 2022-2, Class A
	1,950,000		3.390		05/15/27	1,915,434
Barclays Dryrock Issuance Trust Series 2023-2, Class A(b) (1 mo. USD Term SOFR + 0.900%)
	4,100,000		6.233		08/15/28	4,123,999
Citibank Credit Card Issuance Trust Series 2023-A1, Class A1
	1,350,000		5.230		12/08/27	1,347,301
						7,386,734
Home Equity(b)(c) – 0.2%
JP Morgan Mortgage Trust Series 2023-HE1, Class A1(d) (1 mo. USD Term SOFR + 1.750%)
	1,101,251		7.084		11/25/53	1,110,971
Lehman XS Trust Series 2007-3, Class 1BA2 (6 mo. USD Term SOFR + 0.928%)
	61,794		6.254		03/25/37	59,288
Morgan Stanley Mortgage Loan Trust Series 2006-16AX, Class 1A (1 mo. USD Term SOFR + 0.454%)
	656,592		5.800		11/25/36	112,183
						1,282,442
Student Loan(b)(c)(d) – 5.5%
AMMC CLO 30 Ltd. Series 2024-30A, Class E (3 mo. USD Term SOFR + 7.730%)
	1,000,000		13.021		01/15/37	1,026,558
Apidos CLO XV Ltd. Series 2013-15A, Class A1RR (3 mo. USD Term SOFR + 1.272%)
	1,682,690		6.596		04/20/31	1,684,025
Bain Capital CLO Ltd. Series 2024-1A, Class D1 (3 mo. USD Term SOFR + 3.850%)
	1,000,000		9.175		04/16/37	1,018,840
Bain Capital Credit CLO Ltd. Series 2023-3A, Class A (3 mo. USD Term SOFR + 1.800%)
	3,900,000		7.123		07/24/36	3,938,212
Balboa Bay Loan Funding Ltd. Series 2023-1A, Class AR (3 mo. USD Term SOFR + 1.420%)
	3,425,000		6.745		04/20/36	3,440,789
Barings CLO Ltd. Series 2024-1A, Class D (3 mo. USD Term SOFR + 4.000%)
	1,325,000		9.269		01/20/37	1,353,778

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities – (continued)
Student Loan(b)(c)(d) – (continued)
Benefit Street Partners CLO XXX Ltd. Series 2023-30A, Class C (3 mo. USD Term SOFR + 3.550%)
$	2,000,000		8.874	%	04/25/36	$     2,026,388
Carlyle U.S. CLO Ltd. Series 2024-1A, Class D (3 mo. USD Term SOFR + 3.900%)
	1,250,000		9.194		04/15/37	1,268,118
Diameter Capital CLO 4 Ltd. Series 2022-4A, Class A1R (3 mo. USD Term SOFR + 1.830%)
	3,900,000		7.159		01/15/37	3,934,527
Elmwood CLO 22 Ltd. Series 2023-1A, Class A (3 mo. USD Term SOFR + 1.800%)
	1,249,000		7.117		04/17/36	1,256,358
Elmwood CLO 27 Ltd. Series 2024-3A, Class A (3 mo. USD Term SOFR + 1.520%)
	2,875,000		6.846		04/18/37	2,883,625
Flatiron CLO 20 Ltd. Series 2020-1A, Class AR (3 mo. USD Term SOFR + 1.380%)
	2,300,000		6.661		05/20/36	2,303,521
Marathon Static CLO Ltd. Series 2022-18A, Class A1R2 (3 mo. USD Term SOFR + 1.150%)
	2,482,796		6.475		07/20/30	2,483,240
Neuberger Berman Loan Advisers CLO 39 Ltd. Series 2020-39A, Class A1R (3 mo. USD Term SOFR + 1.530%)
	2,000,000		6.853		04/20/38	2,014,662
Neuberger Berman Loan Advisers CLO 54 Ltd. Series 2024-54A, Class D (3 mo. USD Term SOFR + 3.500%)
	1,975,000		8.806		04/23/38	2,015,687
Neuberger Berman Loan Advisers CLO 54 Ltd. Series 2024-54A, Class E (3 mo. USD Term SOFR + 6.350%)
	600,000		11.656		04/23/38	613,384
Parallel Ltd. Series 2023-1A, Class A1 (3 mo. USD Term SOFR + 2.200%)
	2,000,000		7.525		07/20/36	2,017,076
Sycamore Tree CLO Ltd. Series 2023-2A, Class DR (3 mo. USD Term SOFR + 4.500%)
	1,325,000		9.825		01/20/37	1,351,049
Voya CLO Ltd. Series 2021-1A, Class D (3 mo. USD Term SOFR + 3.412%)
	500,000		8.740		07/15/34	501,200
Wellington Management CLO 2 Ltd. Series 2024-2A, Class D (3 mo. USD Term SOFR + 3.900%)
	1,650,000		9.214		04/20/37	1,671,374
						38,802,411
TOTAL ASSET-BACKED SECURITIES (Cost $197,185,691)						$  197,461,677
Corporate Obligations – 21.3%
Advertising(c) – 0.1%
Lamar Media Corp.
$	645,000		3.625	%	01/15/31	$      566,646
Outfront Media Capital LLC/Outfront Media Capital Corp.(d)
	304,000		5.000		08/15/27	294,433
						861,079

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Aerospace & Defense(c) – 0.2%
TransDigm, Inc.
$	565,000		5.500	%	11/15/27	$       554,892
	955,000		6.750	(d)	08/15/28	967,644
						1,522,536
Airlines(c)(d) – 0.2%
American Airlines, Inc.
	1,100,000		7.250		02/15/28	1,100,000
Automotive(c)(d) – 0.2%
Phinia, Inc.
	445,000		6.750		04/15/29	451,751
ZF North America Capital, Inc.
	1,065,000		6.875		04/14/28	1,086,161
						1,537,912
Banks – 3.1%
AIB Group PLC(b)(c) (-1X 5 yr. EUR Swap + 6.629%)
EUR	372,000		6.250		06/23/25	398,394
Banco do Brasil SA
$	270,000		6.000	(d)	03/18/31	265,359
(10 yr. CMT + 4.398%)
	530,000		8.748	(b)(c)	10/15/24	539,772
Banco Mercantil del Norte SA(b)(c)(d) (5 yr. CMT + 4.643%)
	640,000		5.875		01/24/27	599,319
Bank of America Corp.(b)(c) (Secured Overnight Financing Rate + 1.570%)
	6,390,000		5.819		09/15/29	6,522,976
Citigroup, Inc.(b)(c) (Secured Overnight Financing Rate + 1.887%)
	3,160,000		4.658		05/24/28	3,108,903
JPMorgan Chase & Co.(b)(c) (Secured Overnight Financing Rate + 1.570%)
	3,095,000		6.087		10/23/29	3,197,073
Morgan Stanley(b)(c) (Secured Overnight Financing Rate + 1.630%)
	6,390,000		5.449		07/20/29	6,427,957
Shinhan Bank Co. Ltd.(d)
	200,000		4.500		04/12/28	196,500
Societe Generale SA(b)(c) (5 yr. USD Swap + 3.929%)
	224,000		6.750		04/06/28	201,147
UBS Group AG(b)(c)(d) (5 yr. CMT + 4.745%)
	470,000		9.250		11/13/28	504,756
						21,962,156
Building Materials(c)(d) – 0.1%
Summit Materials LLC/Summit Materials Finance Corp.
	305,000		6.500		03/15/27	305,531
	318,000		5.250		01/15/29	308,202
						613,733
Chemicals(c) – 0.8%
Chemours Co.
	345,000		5.375		05/15/27	327,698
	540,000		5.750	(d)	11/15/28	498,901
Ingevity Corp.(d)
	1,756,000		3.875		11/01/28	1,595,133

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Chemicals(c) – (continued)
OCP SA(d)
$	860,000		6.750	%	05/02/34	$       882,575
Olympus Water U.S. Holding Corp.(d)
	1,095,000		7.250		06/15/31	1,088,955
WR Grace Holdings LLC(d)
	1,580,000		5.625		08/15/29	1,452,731
						5,845,993
Commercial Services – 0.8%
ADT Security Corp.(c)(d)
	1,830,000		4.125		08/01/29	1,688,028
Allied Universal Holdco LLC/Allied Universal Finance Corp.(c)(d)
	28,000		6.625		07/15/26	27,922
DP World Crescent Ltd.
	200,000		4.848		09/26/28	195,812
	200,000		3.875		07/18/29	187,250
DP World Ltd.
	200,000		5.625		09/25/48	190,250
Herc Holdings, Inc.(c)(d)
	1,064,000		5.500		07/15/27	1,048,668
TriNet Group, Inc.(c)(d)
	630,000		3.500		03/01/29	560,864
United Rentals North America, Inc.(c)
	509,000		3.875		02/15/31	454,410
VT Topco, Inc.(c)(d)
	1,339,000		8.500		08/15/30	1,405,803
						5,759,007
Computers(c) – 0.4%
KBR, Inc.(d)
	598,000		4.750		09/30/28	559,758
McAfee Corp.(d)
	1,890,000		7.375		02/15/30	1,745,094
Seagate HDD Cayman
	515,000		8.250		12/15/29	552,337
						2,857,189
Diversified Financial Services(c) – 1.6%
AerCap Holdings NV(b) (5 yr. CMT + 4.535%)
	508,000		5.875		10/10/79	505,770
AG Issuer LLC(d)
	1,433,000		6.250		03/01/28	1,401,030
Freedom Mortgage Holdings LLC(d)
	1,675,000		9.250		02/01/29	1,675,385
Midcap Financial Issuer Trust(d)
	1,411,000		6.500		05/01/28	1,332,718
Navient Corp.
	740,000		5.500		03/15/29	675,206
	1,030,000		9.375		07/25/30	1,082,746
OneMain Finance Corp.
	775,000		3.875		09/15/28	694,625
	1,265,000		4.000		09/15/30	1,085,496
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(d)
	1,790,000		2.875		10/15/26	1,669,479

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Diversified Financial Services(c) – (continued)
StoneX Group, Inc.(d)
$	820,000		7.875	%	03/01/31	$       845,838
						10,968,293
Electrical(c)(d) – 0.6%
Calpine Corp.
	878,000		4.625		02/01/29	819,455
NRG Energy, Inc.
	640,000		3.375		02/15/29	569,331
Pike Corp.
	1,471,000		5.500		09/01/28	1,410,057
Vistra Operations Co. LLC
	1,220,000		4.375		05/01/29	1,136,540
						3,935,383
Electronics(c)(d) – 0.5%
Imola Merger Corp.
	595,000		4.750		05/15/29	556,611
Sensata Technologies BV
	515,000		4.000		04/15/29	473,125
Sensata Technologies, Inc.
	1,359,000		4.375		02/15/30	1,249,641
TTM Technologies, Inc.
	1,250,000		4.000		03/01/29	1,147,025
						3,426,402
Energy-Alternate Sources(c)(d) – 0.0%
Greenko Dutch BV
	182,000		3.850		03/29/26	171,819
Greenko Power II Ltd.
	173,500		4.300		12/13/28	158,319
						330,138
Engineering & Construction(c) – 0.2%
Dycom Industries, Inc.(d)
	605,000		4.500		04/15/29	566,546
Mexico City Airport Trust
	320,000		4.250	(d)	10/31/26	307,549
	546,000		5.500		07/31/47	452,327
						1,326,422
Entertainment(c)(d) – 0.4%
Merlin Entertainments Group U.S. Holdings, Inc.
	510,000		7.375		02/15/31	519,792
Motion Bondco DAC
	567,000		6.625		11/15/27	551,254
WMG Acquisition Corp.
	1,855,000		3.750		12/01/29	1,679,313
						2,750,359
Environmental(c)(d) – 1.0%
GFL Environmental, Inc.
	2,760,000		3.500		09/01/28	2,544,803
Madison IAQ LLC
	784,000		5.875		06/30/29	729,975
Stericycle, Inc.
	615,000		3.875		01/15/29	574,422

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Environmental(c)(d) – (continued)
Veralto Corp.
$	2,300,000		5.450	%	09/18/33	$  2,293,514
Waste Pro USA, Inc.
	1,284,000		5.500		02/15/26	1,264,560
						7,407,274
Food & Drug Retailing(c) – 0.8%
J M Smucker Co.
	2,205,000		6.200		11/15/33	2,315,294
Lamb Weston Holdings, Inc.(d)
	1,850,000		4.125		01/31/30	1,677,229
Performance Food Group, Inc.(d)
	841,000		5.500		10/15/27	822,548
United Natural Foods, Inc.(d)
	1,270,000		6.750		10/15/28	1,145,489
						5,960,560
Healthcare Providers & Services(c) – 0.8%
Charles River Laboratories International, Inc.(d)
	1,240,000		3.750		03/15/29	1,133,422
Encompass Health Corp.
	541,000		4.500		02/01/28	514,816
LifePoint Health, Inc.(d)
	1,785,000		5.375		01/15/29	1,563,232
Medline Borrower LP(d)
	1,507,000		5.250		10/01/29	1,436,261
Tenet Healthcare Corp.
	711,000		6.125		10/01/28	707,182
						5,354,913
Holding Companies-Diversified(c)(d) – 0.1%
Benteler International AG
	990,000		10.500		05/15/28	1,065,092
Insurance(c)(d) – 0.6%
Acrisure LLC/Acrisure Finance, Inc.
	1,005,000		8.250		02/01/29	1,012,216
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
	615,000		6.750		10/15/27	605,492
BroadStreet Partners, Inc.
	1,494,000		5.875		04/15/29	1,393,305
HUB International Ltd.
	705,000		7.375		01/31/32	715,201
USI, Inc.
	385,000		7.500		01/15/32	391,372
						4,117,586
Internet(c) – 0.7%
Go Daddy Operating Co. LLC/GD Finance Co., Inc.(d)
	625,000		3.500		03/01/29	564,431
ION Trading Technologies SARL(d)
	1,063,000		9.500		05/30/29	1,082,793
Match Group Holdings II LLC(d)
	1,184,000		4.625		06/01/28	1,109,491
Prosus NV
	1,070,000		3.257		01/19/27	998,899
	850,000		3.680	(d)	01/21/30	754,109
	400,000		4.027	(d)	08/03/50	273,250
						4,782,973

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Iron/Steel(c) – 0.1%
Vale Overseas Ltd.
$	510,000		6.400	%	06/28/54	$  501,616
Leisure Time(c)(d) – 0.1%
Royal Caribbean Cruises Ltd.
	425,000		6.250		03/15/32	428,209
Lodging(c) – 0.6%
Hilton Domestic Operating Co., Inc.
	1,409,000		4.875		01/15/30	1,352,330
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.(d)
	1,518,000		5.000		06/01/29	1,415,550
MGM Resorts International
	1,205,000		4.750		10/15/28	1,147,076
Travel & Leisure Co.(d)
	630,000		4.500		12/01/29	579,449
						4,494,405
Machinery-Diversified(c)(d) – 0.3%
Husky Injection Molding Systems Ltd./Titan Co.-Borrower LLC
	705,000		9.000		02/15/29	730,063
TK Elevator Holdco GmbH
	1,420,000		7.625		07/15/28	1,411,423
						2,141,486
Media(c) – 0.9%
CCO Holdings LLC/CCO Holdings Capital Corp.(d)
	735,000		6.375		09/01/29	697,118
	1,124,000		4.250		02/01/31	917,431
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.(d)
	605,000		5.875		08/15/27	569,329
iHeartCommunications, Inc.
	221,665		8.375		05/01/27	79,381
News Corp.(d)
	1,830,000		3.875		05/15/29	1,685,412
Nexstar Media, Inc.(d)
	659,000		5.625		07/15/27	625,892
Sirius XM Radio, Inc.(d)
	1,830,000		4.000		07/15/28	1,653,277
						6,227,840
Miscellaneous Manufacturing(c) – 0.1%
Hillenbrand, Inc.
	521,000		6.250		02/15/29	523,876
Multi-National(c)(d) – 0.2%
African Export-Import Bank
	550,000		2.634		05/17/26	515,070
	850,000		3.798		05/17/31	724,905
						1,239,975
Oil Field Services – 1.1%
Civitas Resources, Inc.(c)(d)
	520,000		8.375		07/01/28	545,594

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Oil Field Services – (continued)
Ecopetrol SA(c)
$	120,000		8.625	%	01/19/29	$    126,312
	1,890,000		6.875		04/29/30	1,817,216
	290,000		8.875		01/13/33	299,425
Kodiak Gas Services LLC(c)(d)
	290,000		7.250		02/15/29	297,415
Nabors Industries, Inc.(c)(d)
	795,000		9.125		01/31/30	824,065
Petroleos Mexicanos
	110,000		6.500		01/23/29	99,275
	220,000		8.750	(c)	06/02/29	216,013
Reliance Industries Ltd.(d)
	310,000		3.625		01/12/52	217,194
Sunoco LP/Sunoco Finance Corp.(c)
	1,075,000		7.000	(d)	09/15/28	1,102,068
	595,000		4.500		05/15/29	557,277
Transocean, Inc.(c)(d)
	355,000		8.250		05/15/29	355,699
	360,000		8.500		05/15/31	359,644
USA Compression Partners LP/USA Compression Finance Corp.(c)(d)
	1,055,000		7.125		03/15/29	1,062,417
						7,879,614
Packaging(c) – 1.0%
ARD Finance SA(g)
(PIK 5.750%, Cash 5.000%)
EUR	236,165		5.000		06/30/27	54,823
(PIK 7.250%, Cash 6.500%)
$	2,318,594		6.500	(d)	06/30/27	587,207
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(d)
	515,000		3.250		09/01/28	452,330
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(d)
	684,000		5.250		08/15/27	421,228
Berry Global, Inc.(d)
	439,000		4.500		02/15/26	429,281
Crown Americas LLC
	2,473,000		5.250		04/01/30	2,391,342
LABL, Inc.(d)
	196,000		6.750		07/15/26	194,163
	206,000		10.500		07/15/27	201,610
Sealed Air Corp./Sealed Air Corp. U.S.(d)
	1,650,000		6.125		02/01/28	1,654,570
Trivium Packaging Finance BV(d)
	276,000		5.500		08/15/26	270,557
	353,000		8.500		08/15/27	350,949
						7,008,060
Pharmaceuticals(c)(d) – 0.3%
Jazz Securities DAC
	1,190,000		4.375		01/15/29	1,103,784
Organon & Co./Organon Foreign Debt Co.-Issuer BV
	1,185,000		4.125		04/30/28	1,100,581
						2,204,365

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Pipelines – 1.6%
Antero Midstream Partners LP/Antero Midstream Finance Corp.(c)(d)
$	575,000		5.375	%	06/15/29	$    557,894
Buckeye Partners LP(c)
	879,000		3.950		12/01/26	836,254
	1,285,000		6.875	(d)	07/01/29	1,289,497
CQP Holdco LP/BIP-V Chinook Holdco LLC(c)(d)
	1,491,000		5.500		06/15/31	1,413,080
EnLink Midstream Partners LP(b)(c) (3 mo. USD Term SOFR + 4.372%)
	1,195,000		9.711		07/29/24	1,183,050
Galaxy Pipeline Assets Bidco Ltd.
	240,000		2.625	(d)	03/31/36	195,525
	1,794,929		2.940		09/30/40	1,444,918
	430,000		3.250	(d)	09/30/40	328,413
Genesis Energy LP/Genesis Energy Finance Corp.(c)
	1,095,000		7.875		05/15/32	1,105,173
Prairie Acquiror LP(c)(d)
	645,000		9.000		08/01/29	665,188
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(c)(d)
	855,000		7.375		02/15/29	859,215
Venture Global LNG, Inc.(c)(d)
	1,570,000		9.500		02/01/29	1,719,433
						11,597,640
Real Estate Investment Trust(c) – 0.2%
Iron Mountain, Inc.(d)
	550,000		7.000		02/15/29	560,136
MPT Operating Partnership LP/MPT Finance Corp.
	1,083,000		4.625		08/01/29	795,756
						1,355,892
Retailing(c) – 0.8%
Asbury Automotive Group, Inc.(d)
	615,000		4.625		11/15/29	569,564
CK Hutchison International 20 Ltd.(d)
	200,000		2.500		05/08/30	172,882
CK Hutchison International 21 Ltd.(d)
	230,000		2.500		04/15/31	194,042
Cougar JV Subsidiary LLC(d)
	1,339,000		8.000		05/15/32	1,383,669
Group 1 Automotive, Inc.(d)
	264,000		4.000		08/15/28	243,683
LCM Investments Holdings II LLC(d)
	1,528,000		4.875		05/01/29	1,427,580
Lithia Motors, Inc.(d)
	625,000		3.875		06/01/29	562,012
Penske Automotive Group, Inc.
	792,000		3.500		09/01/25	771,408
Sonic Automotive, Inc.(d)
	630,000		4.625		11/15/29	569,085
						5,893,925
Semiconductors(c)(d) – 0.1%
Entegris, Inc.
	565,000		5.950		06/15/30	559,333

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Software(c) – 0.5%
Camelot Finance SA(d)
$	127,000		4.500	%	11/01/26	$     122,770
Castle U.S. Holding Corp.(d)
	574,000		9.500		02/15/28	274,297
Clarivate Science Holdings Corp.(d)
	610,000		3.875		07/01/28	567,050
Open Text Corp.(d)
	1,905,000		3.875		12/01/29	1,706,956
Twilio, Inc.
	630,000		3.625		03/15/29	568,033
						3,239,106
Telecommunication Services – 0.1%
Altice France SA(c)(d)
	218,000		5.500		01/15/28	149,179
Hughes Satellite Systems Corp.
	1,005,000		6.625		08/01/26	453,406
						602,585
Transportation(c)(d) – 0.1%
Rand Parent LLC
	870,000		8.500		02/15/30	879,970
TOTAL CORPORATE OBLIGATIONS (Cost $150,539,125)						$ 150,262,897
Bank Loans(h) – 5.3%
Banks(b) – 0.2%
Nouryon Finance BV (3 mo. USD Term SOFR + 3.500%)
$	1,276,186		8.826	%	04/03/28	$   1,278,100
Building & Construction(b) – 0.2%
KKR Apple Bidco LLC (1 mo. USD Term SOFR + 2.750%)
	1,462,500		8.208		09/22/28	1,463,027
Consumer Cyclical Services(b) – 0.3%
IRB Holding Corp. (1 mo. USD Term SOFR + 2.750%)
	2,394,000		8.194		12/15/27	2,391,414
Diversified Financial Services(b) – 0.3%
VFH Parent LLC (1 mo. USD Term SOFR + 2.750%)
	1,825,000		8.094		06/21/31	1,820,438
Energy(b) – 0.2%
WhiteWater DBR HoldCo LLC (3 mo. USD Term SOFR + 2.750%)
	1,675,000		8.084		03/03/31	1,676,055
Healthcare(b) – 0.2%
LifePoint Health, Inc. (3 mo. USD Term SOFR + 4.750%)
	1,700,000		10.056		11/16/28	1,708,075
Machinery(b) – 0.7%
Chart Industries, Inc. (3 mo. USD Term SOFR + 3.250%)
	2,400,000		7.824		03/15/30	2,406,000
TK Elevator U.S. Newco, Inc. (3 mo. USD Term SOFR + 3.500%)
	2,394,000		8.791		04/30/30	2,404,725
						4,810,725

Principal Amount		Interest Rate			Maturity Date	Value
Bank Loans(h) – (continued)
Media(b) – 0.3%
CSC Holdings LLC (1 mo. USD Term SOFR + 4.500%)
$	1,899,618		9.829	%	01/18/28	$  1,822,285
Media - Non Cable(b) – 0.6%
Fleet Midco I Ltd. (1 mo. USD Term SOFR + 3.250%)
	2,600,000		8.594		02/21/31	2,609,750
Getty Images, Inc. (3 mo. USD Term SOFR + 4.500%)
	549,721		9.935		02/19/26	548,704
iHeartCommunications, Inc. (1 mo. USD Term SOFR + 3.000%)
	1,300,000		8.458		05/01/26	1,003,301
						4,161,755
Metals & Mining(b) – 0.2%
Crosby U.S. Acquisition Corp. (1 mo. USD Term SOFR + 4.000%)
	1,666,625		9.344		08/16/29	1,674,608
Packaging(b) – 0.1%
LC Ahab U.S. Bidco LLC (1 mo. USD Term SOFR + 3.500%)
	525,000		8.845		05/01/31	525,331
Pipelines(b) – 0.3%
Epic Y-Grade Services LP (3 mo. USD Term SOFR + 5.750%)
	2,275,000		11.082		06/29/29	2,270,382
Retailers(b) – 0.3%
Harbor Freight Tools USA, Inc. (1 mo. USD Term SOFR + 2.500%)
	2,425,000		7.844		06/05/31	2,416,464
Technology - Software – 1.1%
Athenahealth Group, Inc. (1 mo. USD Term SOFR + 3.250%)
	1,720,611		8.594	(b)	02/15/29	1,713,092
BEP Intermediate Holdco LLC (1 mo. USD Term SOFR + 3.750%)
	550,000		9.094	(b)	04/25/31	551,375
Camelot U.S. Acquisition LLC (1 mo. USD Term SOFR + 2.750%)
	1,965,179		8.094	(b)	01/31/31	1,967,635
Drake Software LLC (3 mo. USD Term SOFR + 4.250%)
	1,750,000		9.595	(b)	06/17/31	1,732,500
Epicor Software Corp. (i)
	353,522		0.000		05/23/31	354,798
	41,478		0.000		05/30/31	41,628
iSolved, Inc. (1 mo. USD Term SOFR + 3.500%)
	639,500		8.844	(b)	10/15/30	640,101
McAfee LLC (1 mo. USD Term SOFR + 3.250%)
	350,000		8.593	(b)	03/01/29	349,181
Travelport Finance (Luxembourg) SARL (3 mo. USD Term SOFR + 8.000%)
	11,889		13.593	(b)	09/30/28	10,760
UKG, Inc. (1 mo. USD Term SOFR + 3.250%)
	683,854		8.576	(b)	02/10/31	686,076
						8,047,146

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Bank Loans(h) – (continued)
Transportation Services(b) – 0.3%
MH Sub I LLC (1 mo. USD Term SOFR + 4.250%)
$	1,720,655		9.594	%	05/03/28	$    1,717,781
TOTAL BANK LOANS (Cost $38,063,696)						$   37,783,586
Sovereign Debt Obligations – 1.3%
Euro – 0.2%
Ivory Coast Government International Bonds
EUR	530,000		4.875	%	01/30/32	$      476,077
Romania Government International Bonds(d)
	1,250,000		3.624		05/26/30	1,229,083
						1,705,160
United States Dollar – 1.1%
Dominican Republic International Bonds(c)
$	236,000		7.050		02/03/31	242,932
	185,000		6.600	(d)	06/01/36	184,353
Export-Import Bank of Korea
	200,000		5.125		01/11/33	200,936
Hungary Government International Bonds
	2,680,000		6.125		05/22/28	2,730,250
Ivory Coast Government International Bonds
	566,000		6.125		06/15/33	498,787
Oman Government International Bonds
	1,410,000		4.750		06/15/26	1,382,241
	1,280,000		5.625		01/17/28	1,278,400
Republic of Poland Government International Bonds(c)
	590,000		5.125		09/18/34	580,501
	370,000		5.500		03/18/54	358,930
						7,457,330
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $9,634,801)						$    9,162,490
Municipal Debt Obligations – 1.1%
Illinois – 1.1%
Illinois State GO Bonds Build America Series 2010
$	3,831,429		7.350	%	07/01/35	$    4,111,409
Illinois State GO Bonds Taxable-Pension Series 2003
	4,028,235		5.100		06/01/33	3,952,545
TOTAL MUNICIPAL DEBT OBLIGATIONS (Cost $8,146,163)						$    8,063,954
Shares		Description				Value
Common Stocks(j) – 0.2%
Media – 0.1%
	242,215		iHeartMedia, Inc. Class A			$      264,014
Oil, Gas & Consumable Fuels – 0.1%
	24,684		Summit Midstream Partners LP			877,763
TOTAL COMMON STOCKS (Cost $1,306,955)						$    1,141,777

Principal Amount		Interest Rate			Maturity Date	Value
U.S. Treasury Obligations – 7.7%
U.S. Treasury Inflation-Indexed Bonds
$	14,786,613		1.500	%	02/15/53	$   12,427,109
U.S. Treasury Notes
	35,580,000		4.250	(k)	10/15/25	35,242,268
	6,571,400		3.875		11/30/29	6,418,923
TOTAL U.S. TREASURY OBLIGATIONS (Cost $54,150,190)						$   54,088,300
TOTAL INVESTMENTS – 153.6% (Cost $1,087,974,988)						$1,083,146,558
LIABILITIES IN EXCESS OF  OTHER ASSETS – (53.6)%						(378,015,448)
NET ASSETS – 100.0%						$  705,131,110

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)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(e)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(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 $417,254,304 which represents approximately 59.2% of net assets as of June 30, 2024.
(g)	Pay-in-kind securities.
(h)	Bank Loans often require prepayments from excess cash flows or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. As bank loan positions may involve multiple underlying tranches for which the aggregate position is presented, the stated interest rate represents the weighted average interest rate of all contracts on June 30, 2024. Bank Loans typically have rates of interest which are predetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the Secured Overnight Financing Rate (“SOFR”), and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(i)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.
(j)	Security is currently in default and/or non-income producing.
(k)	All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.

GOLDMAN SACHS DYNAMIC 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
JPMorgan Securities, Inc.	AUD	10,361,052	NZD	11,338,160		07/05/24	$	6,650
	AUD	55,340,649	NZD	60,177,159		07/25/24		289,349
	AUD	35,157,034	USD	23,350,213		09/18/24		151,321
	AUD	5,802,205	USD	3,845,226		09/26/24		34,080
	AUD	825,130	USD	541,202		09/27/24		10,484
	AUD	4,285,780	USD	2,804,941		10/02/24		60,851
	AUD	5,909,183	USD	3,908,925		11/07/24		44,920
	CAD	5,779,964	EUR	3,882,000		09/18/24		59,532
	CAD	5,971,674	USD	4,350,557		07/31/24		17,640
	CHF	2,457,607	EUR	2,554,000		09/18/24		16,055
	COP	4,913,384,191	USD	1,159,227		10/15/24		5,182
	EUR	12,152,881	CHF	11,665,072		07/05/24		26,812
	EUR	8,475,319	CHF	8,033,060		07/25/24		118,902
	EUR	9,625,670	CHF	9,073,849		09/18/24		151,351
	EUR	2,619,259	CZK	65,453,979		07/12/24		7,854
	EUR	13,635,044	CZK	339,252,351		07/25/24		109,764
	EUR	9,308,035	GBP	7,877,455		07/05/24		12,547
	EUR	8,288,331	GBP	7,010,718		07/25/24		23,561
	EUR	9,442,386	SEK	106,941,300		07/05/24		22,548
	EUR	8,491,716	SEK	95,151,295		07/25/24		116,375
	EUR	1,246,040	SEK	14,062,496		09/18/24		7,383
	EUR	9,147,626	USD	9,774,801		07/01/24		22,304
	EUR	72,836,937	USD	77,869,447		07/05/24		153,199
	EUR	15,207,921	USD	16,265,150		07/12/24		31,039
	EUR	3,112,638	USD	3,327,255		07/24/24		10,101
	EUR	7,430,836	USD	7,967,342		07/29/24		1,935
	EUR	39,963	USD	42,810		07/30/24		51
	EUR	7,319,374	USD	7,842,710		08/01/24		7,819
	EUR	2,648,717	USD	2,849,622		10/21/24		2,721
	GBP	1,324,411	USD	1,649,847		07/02/24		24,360
	GBP	4,388,174	USD	5,546,138		07/05/24		1,118
	GBP	10,869,335	USD	13,525,587		10/17/24		225,328
	GBP	3,481,266	USD	4,403,105		11/04/24		1,671
	HUF	1,562,014,111	USD	4,196,706		10/21/24		23,038
	INR	199,292,371	USD	2,387,307		07/22/24		1,362
	MXN	21,333,873	USD	1,164,290		07/05/24		958
	MXN	48,451,755	USD	2,597,687		07/12/24		45,817

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN (continued)

Counterparty	Currency Purchased		Currency Sold			Settlement Date		Unrealized Gain
JPMorgan Securities, Inc. (continued)	MXN	45,388,024		USD	2,460,322		07/15/24	$	14,827
	NZD	4,826,847		USD	2,925,557		07/05/24		14,468
	PLN	37,022,312		EUR	8,533,050		07/25/24		44,619
	PLN	17,457,480		USD	4,324,244		08/27/24		9,465
	SGD	13,477,859		USD	9,930,343		07/05/24		11,474
	USD	7,972,970		AUD	11,874,080		09/18/24		35,466
	USD	15,654,095		BRL	85,955,229		07/02/24		280,986
	USD	5,045,063		BRL	28,219,557		10/18/24		58,262
	USD	2,324,294		BRL	12,737,130		10/28/24		75,866
	USD	20,337,326		CHF	18,022,678		09/18/24		83,986
	USD	8,695,674		CNH	62,760,147		09/19/24		45,467
	USD	2,168,000		CNH	15,519,153		10/15/24		24,601
	USD	1,149,806		COP	4,557,830,786		07/12/24		54,489
	USD	1,159,227		COP	4,750,512,779		07/22/24		19,567
	USD	1,159,227		COP	4,772,538,094		07/26/24		15,069
	USD	9,659,106		COP	39,086,757,528		10/15/24		396,047
	USD	26,420,914		EUR	24,600,478		07/01/24		73,811
	USD	3,933,740		EUR	3,639,712		07/03/24		35,252
	USD	2,803,549		EUR	2,615,764		07/05/24		1,553
	USD	12,135,407		EUR	11,237,288		07/10/24		95,177
	USD	29,094,529		EUR	27,105,353		07/12/24		49,538
	USD	4,803,668		EUR	4,366,881		07/17/24		123,140
	USD	8,259,403		EUR	7,549,907		07/24/24		164,429
	USD	3,750,736		EUR	3,496,864		07/29/24		488
	USD	14,311,894		EUR	13,253,179		07/30/24		97,681
	USD	10,764,894		EUR	9,885,830		08/06/24		158,955
	USD	4,082,096		EUR	3,783,250		09/18/24		14,838
	USD	13,547,195		EUR	12,351,786		09/19/24		267,538
	USD	16,980,826		EUR	15,670,740		10/21/24		105,363
	USD	7,779,222		EUR	7,163,754		10/28/24		61,867
	USD	662,418		GBP	522,965		07/02/24		1,330
	USD	9,090,984		GBP	7,186,295		07/05/24		6,521
	USD	17,124,397		GBP	13,489,921		07/08/24		70,977
	USD	31,080,624		GBP	24,542,788		07/12/24		53,853
	USD	5,391,954		GBP	4,240,822		09/18/24		27,981
	USD	54,982		GBP	43,458		09/27/24		10
	USD	1,003,898		HUF	359,320,475		07/03/24		29,742
	USD	2,121,599		HUF	781,210,627		07/05/24		3,826
	USD	6,376,621		HUF	2,331,523,972		10/21/24		78,065
	USD	1,157,799		MXN	21,031,992		07/12/24		10,303
	USD	2,242,325		MXN	39,440,247		10/18/24		123,054
	USD	2,925,948		NZD	4,801,989		07/05/24		1,064
	USD	11,135,075		NZD	18,179,714		07/08/24		61,844
	USD	13,533,579		NZD	22,186,196		07/10/24		19,993
	USD	19,802,216		NZD	32,282,227		07/12/24		139,126
	USD	8,889,035		NZD	14,494,819		09/18/24		60,347
	USD	5,476,046		PLN	21,540,701		08/27/24		128,703
	USD	2,324,446		PLN	9,357,059		09/18/24		2,307
	USD	11,711,778		SEK	121,637,894		09/18/24		188,527
	USD	11,682,503		SGD	15,802,529		07/05/24		25,915
	USD	31,370,003		SGD	42,393,483		07/25/24		67,912
	ZAR	15,559,246		USD	820,439		07/10/24		34,120
	ZAR	125,992,595		USD	6,649,839		09/06/24		239,525
	ZAR	20,711,120		USD	1,127,737		09/18/24		3,765
TOTAL								$	5,659,081

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS

Counterparty	Currency Purchased		Currency Sold		Settlement Date		Unrealized Loss
JPMorgan Securities, Inc.	AUD	4,133,968	USD	2,774,000		09/26/24	$	(10,064	)
	BRL	85,955,229	USD	15,736,344		07/02/24		(363,234	)
	BRL	37,952,299	USD	6,831,344		08/02/24		(68,415	)
	BRL	38,804,939	USD	7,287,313		10/18/24		(429,923	)
	BRL	19,202,611	USD	3,662,524		10/28/24		(272,774	)
	CAD	3,958,806	USD	2,899,262		09/18/24		(32	)
	CHF	25,719,600	EUR	27,069,760		07/25/24		(310,106	)
	CHF	23,712,537	EUR	24,986,553		09/18/24		(214,859	)
	CHF	2,460,984	USD	2,775,000		09/18/24		(9,421	)
	CLP	483,502,242	USD	513,774		09/23/24		(266	)
	CNH	20,063,401	USD	2,764,251		07/12/24		(13,085	)
	CNH	75,123,559	USD	10,476,306		10/15/24		(100,758	)
	CNH	26,064,186	USD	3,623,549		10/16/24		(23,480	)
	COP	24,577,551,795	USD	6,124,123		07/15/24		(220,807	)
	COP	4,803,837,227	USD	1,159,227		07/22/24		(6,774	)
	COP	4,841,964,860	USD	1,163,095		07/31/24		(3,089	)
	COP	36,826,668,258	USD	9,301,660		10/15/24		(574,212	)
	CZK	114,104,220	EUR	4,572,055		07/12/24		(20,086	)
	CZK	188,701,079	EUR	7,600,783		07/25/24		(78,868	)
	CZK	19,264,171	USD	832,472		09/25/24		(7,308	)
	EUR	12,768,007	PLN	55,840,793		07/25/24		(177,099	)
	EUR	2,053,000	PLN	8,947,695		09/18/24		(13,428	)
	EUR	2,652,000	SEK	30,116,017		07/05/24		(1,250	)
	EUR	15,452,852	USD	16,704,533		07/01/24		(154,535	)
	EUR	34,893,108	USD	37,490,318		07/03/24		(116,385	)
	EUR	11,957,627	USD	13,019,464		07/10/24		(207,425	)
	EUR	30,127,500	USD	32,336,520		07/12/24		(53,118	)
	EUR	18,714,156	USD	20,260,971		07/17/24		(202,686	)
	EUR	7,515,973	USD	8,211,343		07/24/24		(152,754	)
	EUR	9,034,802	USD	9,746,068		07/30/24		(56,121	)
	EUR	11,286,691	USD	12,226,941		08/06/24		(118,098	)
	EUR	22,831,899	USD	24,779,835		09/18/24		(233,948	)
	EUR	28,518,679	USD	31,140,270		09/19/24		(479,253	)
	EUR	16,860,195	USD	18,258,370		10/21/24		(102,009	)
	EUR	3,965,629	USD	4,340,381		10/23/24		(69,431	)
	GBP	21,925,356	EUR	26,005,234		07/25/24		(164,034	)
	GBP	4,360,376	USD	5,512,169		07/05/24		(55	)
	GBP	8,392,249	USD	10,737,883		07/08/24		(128,736	)
	GBP	27,239,930	USD	34,561,836		07/12/24		(125,363	)
	GBP	13,532,920	USD	17,116,437		08/01/24		(6,210	)
	GBP	2,486,526	USD	3,172,484		09/18/24		(27,420	)
	HKD	6,401,081	USD	821,071		07/31/24		(578	)
	HUF	781,210,627	USD	2,121,785		07/03/24		(3,840	)
	HUF	2,958,180,789	USD	8,252,671		10/21/24		(261,216	)
	JPY	1,496,334,686	USD	9,661,865		09/18/24		(247,873	)
	MXN	159,416,062	USD	8,941,269		10/18/24		(375,251	)

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS (continued)

Counterparty	Currency Purchased			Currency Sold			Settlement Date		Unrealized Loss
JPMorgan Securities, Inc. (continued)		NOK	90,888,070		USD	8,543,654		09/18/24	$	(14,345	)
		NZD	43,335,160		AUD	40,042,288		07/25/24		(335,222	)
		NZD	4,555,448		AUD	4,220,000		09/18/24		(46,267	)
		NZD	9,222,320		USD	5,621,506		07/05/24		(4,206	)
		NZD	18,179,714		USD	11,219,153		07/08/24		(145,923	)
		NZD	12,718,242		USD	7,871,238		07/10/24		(124,571	)
		NZD	42,375,507		USD	25,947,060		07/12/24		(136,157	)
		NZD	11,809,745		USD	7,203,944		07/22/24		(10,593	)
		NZD	14,154,171		USD	8,669,430		09/13/24		(48,177	)
		PLN	21,553,820		USD	5,479,381		08/27/24		(128,782	)
		PLN	10,245,441		USD	2,562,151		09/18/24		(19,542	)
		SEK	263,786,672		EUR	23,477,401		07/25/24		(253,928	)
		SGD	11,947,925		USD	8,852,374		07/05/24		(39,098	)
		SGD	22,680,949		USD	16,860,566		07/25/24		(113,626	)
		SGD	7,217,512		USD	5,355,062		09/18/24		(12,399	)
		USD	2,926,119		AUD	4,388,551		07/05/24		(1,843	)
		USD	10,985,482		AUD	16,844,417		09/26/24		(276,553	)
		USD	4,688,656		AUD	7,034,742		11/07/24		(18,303	)
		USD	4,249,214		CAD	5,832,568		07/31/24		(17,229	)
		USD	13,617,370		CAD	18,648,194		09/18/24		(39,625	)
		USD	1,820,125		CHF	1,620,243		09/18/24		(655	)
		USD	33,439,394		EUR	31,253,395		07/03/24		(36,052	)
		USD	17,370,315		EUR	16,235,915		07/05/24		(21,534	)
		USD	10,980,077		EUR	10,250,258		07/10/24		(2,597	)
		USD	43,958,480		EUR	41,031,000		07/12/24		(8,667	)
		USD	4,792,627		EUR	4,472,820		07/17/24		(1,450	)
		USD	1,181,067		EUR	1,101,512		07/30/24		(319	)
		USD	17,338,148		EUR	16,184,944		09/18/24		(61,799	)
		USD	14,261,639		EUR	13,334,552		09/19/24		(74,611	)
		USD	8,751,139		EUR	8,155,768		10/21/24		(31,622	)
		USD	1,243,501		GBP	989,250		07/02/24		(7,023	)
		USD	13,077,178		GBP	10,473,084		10/17/24		(172,435	)
		USD	1,136,209		HUF	421,890,152		07/03/24		(7,580	)
		USD	7,927,744		INR	664,233,893		09/18/24		(18,778	)
		USD	3,755,726		MXN	70,943,204		09/18/24		(74,272	)
		USD	5,870,382		NZD	9,653,392		07/05/24		(9,484	)
		USD	4,328,767		PLN	17,457,480		08/27/24		(4,942	)
		USD	2,832,000		SGD	3,845,488		07/05/24		(4,588	)
		USD	1,163,095		ZAR	21,177,606		07/05/24		(484	)
		USD	7,117,301		ZAR	134,777,286		09/06/24		(252,418	)
		USD	5,543,196		ZAR	102,409,581		09/18/24		(51,703	)
		ZAR	12,607,604		USD	694,783		07/12/24		(2,445	)
		ZAR	16,310,815		USD	893,254		09/06/24		(1,367	)
TOTAL									$	(8,838,891	)

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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	$	(4,000,000)	$	(3,489,508)
Government National Mortgage Association	3.000		TBA - 30yr		07/15/24		(4,000,000)		(3,487,946)
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		(8,000,000)		(6,256,875)
Uniform Mortgage-Backed Security	2.500		TBA - 30yr		07/15/24		(29,000,000)		(23,684,845)
Uniform Mortgage-Backed Security	3.500		TBA - 30yr		07/15/24		(6,000,000)		(5,310,466)
Uniform Mortgage-Backed Security	4.000		TBA - 30yr		07/15/24		(10,000,000)		(9,148,438)
Uniform Mortgage-Backed Security	4.500		TBA - 30yr		07/15/24		(100,000,000)		(94,261,700)
Uniform Mortgage-Backed Security	5.000		TBA - 30yr		07/15/24		(98,000,000)		(94,711,610)
Uniform Mortgage-Backed Security	6.500		TBA - 30yr		07/15/24		(65,000,000)		(66,152,697)
(PROCEEDS RECEIVED: $(311,331,445))								$	(310,398,656)

(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	966	09/19/24	$	106,244,906		$	(406,790	)
30 Year German Euro-Buxl	1	09/06/24		139,481			1,669
5 Year German Euro-Bund	1	09/06/24		140,958			1,380
5 Year U.S. Treasury Notes	1,559	09/30/24		166,155,297			657,292
French Government Bonds	1	09/06/24		131,855			(1,672	)
Ultra Long U.S. Treasury Bonds	153	09/19/24		19,177,594			(315,076	)
Total						$	(63,197	)
Short position contracts:
10 Year U.K. Long Gilt	(1)	09/26/24		(123,338	)		(457	)
2 Year U.S. Treasury Notes	(1,032)	09/30/24		(210,753,750	)		(616,715	)
20 Year U.S. Treasury Bonds	(26)	09/19/24		(3,076,125	)		3,386
Ultra 10-Year U.S. Treasury Note	(59)	09/19/24		(6,698,344	)		(50,180	)
Total						$	(663,966	)
TOTAL FUTURES CONTRACTS						$	(727,163	)

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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)	4.430%(a)		12/31/24	$	10		$	(89	)	$	(1	)	$	(88	)
1M BID Average(b)	12.060(b)		01/02/25	BRL	42,110			(40,058	)		452,169			(492,227	)
1M BID Average(b)	12.063(b)		01/02/25		37,210			28,128			397,972			(369,844	)
1M BID Average(b)	10.850(b)		01/02/26		131,839			(403,294	)		21,313			(424,607	)
1M BID Average(b)	9.750(b)		01/02/26		28,430			(128,898	)		(73,814	)		(55,084	)
6M EURO(c)	2.250(c)		02/17/26	EUR	109,110	(d)		(676,944	)		(289,685	)		(387,259	)
3.750%(c)	12M SOFR(c)		02/18/26	$	93,980	(d)		549,153			378,941			170,212
4.223(c)	12M SOFR(c)		04/11/26		39,490	(d)		11,460			(221	)		11,681
4.426(c)	12M SOFR(c)		04/16/26		53,190	(d)		(90,099	)		20,554			(110,653	)
2.980(c)	6M EURO(e)		04/24/26	EUR	104,240	(d)		(17,270	)		(392,609	)		375,339
4.172(c)	12M SOFR(c)		05/20/26	$	33,420	(d)		1,841			1,809			32
6M CLICP(e)	4.500(e)		06/21/26	CLP	2,496,450			(40,430	)		(25,665	)		(14,765	)
12M SOFR(a)	4.730(a)		06/30/26	$	163,600	(d)		687,742			61,945			625,797
10.000(b)	Mexico Interbank TIIE 28 Days(b)		09/16/26	MXN	194,190	(d)		11,742			70,551			(58,809	)
3M CNY(f)	1.750(f)		09/18/26	CNY	81,070	(d)		(9,719	)		(17,277	)		7,558
3.750(a)	12M SOFR(a)		09/18/26	$	160,560	(d)		1,967,904			1,867,297			100,607
3M STIBOR(f)	3.000(a)		09/18/26	SEK	1,903,040	(d)		811,005			(121,844	)		932,849
6M CDOR(e)	3.500(e)		09/18/26	CAD	213,240	(d)		(866,723	)		(911,420	)		44,697
4.000(f)	3M AUDOR(f)		09/18/26	AUD	600,480	(d)		2,459,882			(939,510	)		3,399,392
6M GBP(a)	4.000(a)		09/18/26	GBP	188,740	(d)		(1,604,229	)		(1,644,717	)		40,488
3M NIBOR(e)	4.250(a)		09/18/26	NOK	1,965,820	(d)		(231,546	)		291,278			(522,824	)
1.250(a)	6M CHFOR(a)		09/18/26	CHF	102,200	(d)		(911,331	)		(597,075	)		(314,256	)
2.250(a)	6M EURO(a)		09/18/26	EUR	40,930	(d)		530,181			391,499			138,682
6.500(e)	6M MIBOR(e)		09/18/26	INR	555,350	(d)		1,283			1,665			(382	)
4.250(a)	6M PRIBO(e)		09/18/26	CZK	235,520	(d)		(60,110	)		(58,964	)		(1,146	)
5.500(a)	6M WIBOR(e)		09/18/26	PLN	43,360	(d)		(53,490	)		(33,976	)		(19,514	)
4.250(a)	12M SOFR(a)		09/26/26	$	23,200	(d)		59,471			26,603			32,868
4.000(f)	3M AUDOR(f)		09/26/26	AUD	32,330	(d)		130,381			40,935			89,446
3.000(a)	6M EURO(e)		09/26/26	EUR	19,790	(d)		28,633			4			28,629
4.250(a)	6M GBP(a)		09/26/26	GBP	18,170	(d)		41,635			(1,192	)		42,827
3.490(a)	12M SOFR(a)		05/31/27	$	10			248			(21	)		269
2.500(a)	6M EURO(e)		09/18/27	EUR	2,790	(d)		37,277			39,497			(2,220	)
12M SOFR(a)	3.350(a)		10/06/27	$	283,790	(d)		(2,579,963	)		(1,326,953	)		(1,253,010	)
12M SOFR(a)	3.804(a)		04/13/28		84,450	(d)		97,666			22,930			74,736
6M EURO(e)	2.500(a)		05/14/28	EUR	117,460	(d)		(360,286	)		(174,272	)		(186,014	)
12M SOFR(a)	3.696(a)		09/22/28	$	188,840	(d)		27,929			(432,375	)		460,304
4.301(a)	12M SOFR(a)		11/30/28		319,510	(d)		(3,048,732	)		(84,488	)		(2,964,244	)
1.250(e)	6M EURO(a)		12/19/28	EUR	2,630			178,300			(35,827	)		214,127
11.500(b)	1M BID Average(b)		01/02/29	BRL	23,160			65,078			(95,911	)		160,989
10.250(b)	1M BID Average(b)		01/02/29		126,880			1,204,971			775,883			429,088
3.500(a)	12M SOFR(a)		09/18/29	$	1,670	(d)		36,247			31,576			4,671
3M STIBOR(f)	2.750(a)		09/18/29	SEK	278,080	(d)		274,061			264,724			9,337
6M CDOR(e)	3.000(e)		09/18/29	CAD	16,590	(d)		(192,180	)		(203,518	)		11,338
6M GBP(a)	3.750(a)		09/18/29	GBP	22,690	(d)		(195,471	)		(190,075	)		(5,396	)
2.000(f)	3M CNY(f)		09/18/29	CNY	75,070	(d)		(30,668	)		17,777			(48,445	)
3M NIBOR(e)	4.000(a)		09/18/29	NOK	489,780	(d)		207,467			444,073			(236,606	)
3M NZDOR(f)	4.500(e)		09/18/29	NZD	50,660	(d)		150,434			12,017			138,417

GOLDMAN SACHS DYNAMIC 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)			Market Value			Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
2.250%(a)	6M EURO(a)		09/18/29	EUR	55,690	(d)	$	1,071,067		$	1,034,328		$	36,739
0.500(a)	6M JYOR(a)		09/18/29	JPY	60,688,700	(d)		4,287,099			3,911,392			375,707
6.500(e)	6M MIBOR(e)		09/18/29	INR	611,300	(d)		(25,897	)		(13,870	)		(12,027	)
12M SOFR(a)	4.024%(a)		04/16/30	$	92,160	(d)		786,199			(398,865	)		1,185,064
6M EURO(e)	2.710(a)		04/24/30	EUR	79,090	(d)		(38,209	)		(184,364	)		146,155
2.680(a)	12M SOFR(a)		07/28/32	$	52,460	(d)		2,192,209			247,142			1,945,067
6M EURO(e)	3.000(a)		11/10/33	EUR	38,230	(d)		410,124			313,633			96,491
6M EURO(a)	2.370(a)		01/19/34		72,760	(d)		(1,195,025	)		(66,013	)		(1,129,012	)
2.535(a)	6M EURO(e)		01/19/34		72,760	(d)		1,007,037			73,020			934,017
12M SOFR(a)	3.789(a)		05/21/34	$	55,900	(d)		(44,256	)		23,084			(67,340	)
5.000(e)	6M CLICP(e)		06/21/34	CLP	666,720			20,847			16,253			4,594
9.250(b)	Mexico Interbank TIIE 28 Days(b)		09/06/34	MXN	49,240	(d)		16,766			61,089			(44,323	)
6M CHFOR(a)	1.250(a)		09/18/34	CHF	4,740	(d)		136,678			53,994			82,684
3M JIBAR(f)	10.000(f)		09/18/34	ZAR	38,060	(d)		94,821			51,600			43,221
3.750(a)	12M SOFR(a)		09/18/34	$	5,690	(d)		76,189			53,649			22,540
6M EURO(e)	2.500(a)		09/18/34	EUR	39,410	(d)		(1,134,210	)		(977,259	)		(156,951	)
3M STIBOR(f)	2.750(a)		09/18/34	SEK	117,060	(d)		168,763			175,376			(6,613	)
6M CDOR(e)	3.250(e)		09/18/34	CAD	11,020	(d)		(102,544	)		(123,294	)		20,750
12M SOFR(a)	3.750(a)		09/18/34	$	3,770	(d)		(50,480	)		(25,182	)		(25,298	)
3.750(a)	3M NIBOR(e)		09/18/34	NOK	106,280	(d)		10,904			(61,101	)		72,005
4.750(e)	3M NZDOR(f)		09/18/34	NZD	1,480	(d)		(19,767	)		(19,802	)		35
6M PRIBO(e)	4.000(a)		09/18/34	CZK	55,780	(d)		24,193			(2,579	)		26,772
6M AUDOR(e)	4.500(e)		09/18/34	AUD	4,710	(d)		(12,464	)		(2,365	)		(10,099	)
6M WIBOR(e)	5.500(a)		09/18/34	PLN	380	(d)		2,856			1,839			1,017
2.500(a)	6M EURO(e)		09/18/34	EUR	17,200	(d)		495,012			461,707			33,305
3.500(a)	6M GBP(a)		09/18/34	GBP	1,660	(d)		58,154			56,613			1,541
3M KWCDC(f)	3.250(f)		09/19/34	KRW	5,100,470	(d)		35,498			(19,321	)		54,819
3.992(a)	12M SOFR(a)		04/16/35	$	50,880	(d)		(624,577	)		281,693			(906,270	)
2.740(a)	6M EURO(e)		04/24/35	EUR	42,230	(d)		121,202			(195,109	)		316,311
3.240(a)	12M SOFR(a)		10/06/35	$	67,300	(d)		2,985,946			443,955			2,541,991
3.781(a)	12M SOFR(a)		09/22/36		42,590	(d)		66,402			657,657			(591,255	)
12M SOFR(a)	2.910(a)		07/28/37		133,650	(d)		(4,520,190	)		(1,116,306	)		(3,403,884	)
6M EURO(e)	2.152(a)		08/09/37	EUR	37,490	(d)		(1,133,718	)		(3,698,001	)		2,564,283
12M SOFR(a)	3.391(a)		05/10/38	$	22,050	(d)		(401,921	)		(630,758	)		228,837
6M EURO(e)	3.000(a)		01/25/39	EUR	43,060	(d)		129,782			112,790			16,992
1.451(a)	6M EURO(e)		08/10/42		95,250	(d)		4,052,443			(5,322,038	)		9,374,481
2.500(a)	6M EURO(e)		01/25/44		102,960	(d)		61,363			(7,073	)		68,436
2.500(a)	6M EURO(e)		09/18/44		570	(d)		23,895			21,061			2,834
2.080(a)	12M SOFR(a)		07/28/47	$	123,820	(d)		3,855,669			1,346,123			2,509,546
6M EURO(e)	1.051(a)		08/11/47	EUR	55,710	(d)		(1,839,847	)		(4,588,570	)		2,748,723
6M EURO(e)	2.000(a)		01/25/49		61,350	(d)		(33,876	)		(64,609	)		30,733
2.564(a)	12M SOFR(a)		05/11/53	$	21,330	(d)		549,226			(29,941	)		579,167
2.000(a)	6M EURO(e)		05/17/53	EUR	25,430	(d)		408,882			137,236			271,646
2.500(a)	6M EURO(e)		11/10/53		20,610	(d)		(670,514	)		(924,143	)		253,629
3.380(a)	12M SOFR(a)		04/11/54	$	23,320	(d)		7,906			(13,738	)		21,644
3.343(a)	12M SOFR(a)		05/20/54		32,010	(d)		68,693			28,971			39,722

GOLDMAN SACHS DYNAMIC 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)			Market Value		Upfront Premium (Received) Paid			Unrealized Appreciation/ (Depreciation)
2.500%(a)	6M EURO(e)		09/18/54	EUR	19,060	(d)	$	110,902	$	(6,833	)	$	117,735
TOTAL							$	9,547,821	$	(10,945,327	)	$	20,493,148

(a) Payments made annually.

(b) Payments made at monthly.

(c) Payments made at maturity.

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

(e) Payments made semi-annually.

(f) Payments made quarterly.

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	$	10,500	$	(1,463,015	)	$	(1,341,993	)	$	(121,022	)

(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:
CDX.NA.HY Index 39		5.000%		2.955%		12/20/27	$	21,750	$	1,378,682	$	1,487,395	$	(108,713	)
CDX.NA.IG Index 40		1.000		0.422		06/20/28		26,349		561,389		339,569		221,820
CDX.NA.IG Index 42		1.000		0.538		06/20/29		356,351		7,387,459		7,279,595		107,864
Republic of Chile, 3.24%, 02/06/28		1.000		0.579		06/20/29		5,200		99,307		106,430		(7,123	)
Republic of Indonesia, 2.15%, 07/28/31		1.000		0.783		06/20/29		5,230		51,834		60,010		(8,176	)
Republic of Peru, 8.75%, 11/21/33		1.000		0.773		06/20/29		5,190		53,902		79,476		(25,574	)
Republic of the Philippines, 9.5%, 02/02/30		1.000		0.698		06/20/29		5,170		70,877		87,745		(16,868	)
TOTAL									$	9,603,450	$	9,440,220	$	163,230

(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.

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER THE COUNTER TOTAL RETURN SWAP CONTRACTS

Reference Obligation/Index	Financing Rate Paid/(Received) by the Fund(a)	Counterparty	Termination Date#	Notional Amount (000s)	Value*
JPMBKTL3 Index	3M SOFR	JPMorgan Securities, Inc.	07/22/24	$61,502	$	(865,747	)

# The Fund pays/receives annual coupon payments in accordance with the swap contract(s). On the termination date of the swap contract(s), the Fund will either receive from or pay to the counterparty an amount equal to the net of the accrued financing fees and the value of the reference security subtracted from the original notional cost (notional multiplied by the price change of the reference security, converted to U.S. Dollars).

* There is no upfront payment on the bond forward contract, therefore the unrealized gain (loss) of the bond forward contract is equal to its market value.

(a) Payments made quarterly.

A basket (JPMBKTL3) of Corporate Obligations
Corporate Obligations	Sector	Shares			Value			Weight
Anheuser-Busch InBev Worldwide Inc	Consumer Staples		(181	)	$	(17,770	)		1.7	%
Kraft Heinz Foods Co	Consumer Staples		(223	)		(17,770	)		1.7
HCA Inc	Consumer Staples		(187	)		(17,770	)		1.7
Cigna Group/The	Consumer Staples		(198	)		(17,770	)		1.7
Novartis Capital Corp	Consumer Staples		(219	)		(17,770	)		1.7
Southern Co/The	Utilities		(219	)		(17,770	)		1.7
Walt Disney Co/The	Communications		(229	)		(17,770	)		1.7
Comcast Corp	Communications		(240	)		(17,770	)		1.7
Broadcom Inc	Technology		(241	)		(17,770	)		1.7
Oracle Corp	Technology		(195	)		(17,770	)		1.7
Siemens Financieringsmaatschappij NV	Industrials		(248	)		(17,770	)		1.7
FedEx Corp	Industrials		(213	)		(17,770	)		1.7
Wells Fargo & Co	Financials		(252	)		(17,770	)		1.7
Commonwealth Bank of Australia	Financials		(252	)		(17,770	)		1.7
BNP Paribas SA	Financials		(270	)		(17,770	)		1.7
Credit Agricole SA	Financials		(272	)		(17,770	)		1.7
National Australia Bank Ltd	Financials		(278	)		(17,770	)		1.7
BlackRock Funding Inc	Financials		(189	)		(17,770	)		1.7
Energy Transfer LP	Energy		(183	)		(17,770	)		1.7
DuPont de Nemours Inc	Materials		(192	)		(17,770	)		1.7
Cisco Systems Inc	Communications		(164	)		(16,979	)		1.6
RTX Corp	Industrials		(154	)		(16,437	)		1.6
Kinder Morgan Energy Partners LP	Energy		(157	)		(16,624	)		1.6
Enbridge Inc	Energy		(155	)		(16,437	)		1.6
Bristol-Myers Squibb Co	Consumer Staples		(201	)		(16,083	)		1.5
Morgan Stanley	Financials		(192	)		(15,729	)		1.5
TotalEnergies Capital SA	Energy		(162	)		(15,645	)		1.5
Molson Coors Beverage Co	Consumer Staples		(169	)		(15,104	)		1.4
Altria Group Inc	Consumer Staples		(154	)		(15,020	)		1.4
AbbVie Inc	Consumer Staples		(185	)		(15,020	)		1.4
CVS Health Corp	Consumer Staples		(153	)		(14,562	)		1.4
Equitable Holdings Inc	Financials		(164	)		(14,125	)		1.4
Medtronic Inc	Consumer Staples		(152	)		(13,500	)		1.3
Pfizer Investment Enterprises Pte Ltd	Consumer Staples		(141	)		(13,062	)		1.3
PacifiCorp	Utilities		(137	)		(12,708	)		1.2
Apple Inc	Technology		(163	)		(12,520	)		1.2
UBS Group AG	Financials		(177	)		(12,270	)		1.2
Philip Morris International Inc	Consumer Staples		(151	)		(11,916	)		1.1
NextEra Energy Capital Holdings Inc	Utilities		(133	)		(11,916	)		1.1
Pacific Gas and Electric Co	Utilities		(125	)		(10,125	)		1.0
MPLX LP	Energy		(114	)		(10,312	)		1.0
Honeywell International Inc	Industrials		(103	)		(9,687	)		0.9
UnitedHealth Group Inc	Consumer Staples		(97	)		(8,625	)		0.8
UnitedHealth Group Inc	Consumer Staples		(113	)		(8,083	)		0.8
Alphabet Inc	Communications		(155	)		(8,271	)		0.8
Microsoft Corp	Technology		(118	)		(7,187	)		0.7
BP Capital Markets America Inc	Energy		(121	)		(7,291	)		0.7
International Flavors & Fragrances Inc	Materials		(112	)		(7,021	)		0.7
Pfizer Inc	Consumer Staples		(84	)		(6,750	)		0.6

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

A basket (JPMBKTL3) of Corporate Obligations (continued)
Corporate Obligations	Sector	Shares			Value			Weight
Exxon Mobil Corp	Energy		(77	)	$	(6,666	)		0.6	%
Anheuser-Busch InBev Worldwide Inc	Consumer Staples		(75	)		(7,305	)		0.0
Kraft Heinz Foods Co	Consumer Staples		(92	)		(7,305	)		0.0
Bristol-Myers Squibb Co	Consumer Staples		(82	)		(6,612	)		0.0
Molson Coors Beverage Co	Consumer Staples		(70	)		(6,209	)		0.0
Altria Group Inc	Consumer Staples		(64	)		(6,175	)		0.0
HCA Inc	Consumer Staples		(77	)		(7,305	)		0.0
AbbVie Inc	Consumer Staples		(76	)		(6,175	)		0.0
CVS Health Corp	Consumer Staples		(63	)		(5,986	)		0.0
Medtronic Inc	Consumer Staples		(63	)		(5,550	)		0.0
Pfizer Investment Enterprises Pte Ltd	Consumer Staples		(58	)		(5,370	)		0.0
Philip Morris International Inc	Consumer Staples		(62	)		(4,899	)		0.0
UnitedHealth Group Inc	Consumer Staples		(40	)		(3,546	)		0.0
UnitedHealth Group Inc	Consumer Staples		(46	)		(3,323	)		0.0
Pfizer Inc	Consumer Staples		(34	)		(2,775	)		0.0
Cigna Group/The	Consumer Staples		(82	)		(7,305	)		0.0
Novartis Capital Corp	Consumer Staples		(90	)		(7,305	)		0.0
Southern Co/The	Utilities		(90	)		(7,305	)		0.0
PacifiCorp	Utilities		(56	)		(5,224	)		0.0
NextEra Energy Capital Holdings Inc	Utilities		(55	)		(4,899	)		0.0
Pacific Gas and Electric Co	Utilities		(51	)		(4,162	)		0.0
Walt Disney Co/The	Communications		(94	)		(7,305	)		0.0
Comcast Corp	Communications		(99	)		(7,305	)		0.0
Cisco Systems Inc	Communications		(67	)		(6,980	)		0.0
Alphabet Inc	Communications		(64	)		(3,400	)		0.0
Broadcom Inc	Technology		(99	)		(7,305	)		0.0
Apple Inc	Technology		(67	)		(5,147	)		0.0
Microsoft Corp	Technology		(49	)		(2,955	)		0.0
Oracle Corp	Technology		(80	)		(7,305	)		0.0
Siemens Financieringsmaatschappij NV	Industrials		(102	)		(7,305	)		0.0
RTX Corp	Industrials		(63	)		(6,757	)		0.0
Honeywell International Inc	Industrials		(42	)		(3,982	)		0.0
FedEx Corp	Industrials		(88	)		(7,305	)		0.0
Wells Fargo & Co	Financials		(103	)		(7,305	)		0.0
Commonwealth Bank of Australia	Financials		(104	)		(7,305	)		0.0
BNP Paribas SA	Financials		(111	)		(7,305	)		0.0
Credit Agricole SA	Financials		(112	)		(7,305	)		0.0
National Australia Bank Ltd	Financials		(114	)		(7,305	)		0.0
Morgan Stanley	Financials		(79	)		(6,466	)		0.0
Equitable Holdings Inc	Financials		(68	)		(5,807	)		0.0
UBS Group AG	Financials		(73	)		(5,044	)		0.0
BlackRock Funding Inc	Financials		(78	)		(7,305	)		0.0
Energy Transfer LP	Energy		(75	)		(7,305	)		0.0
Kinder Morgan Energy Partners LP	Energy		(65	)		(6,834	)		0.0
Enbridge Inc	Energy		(64	)		(6,757	)		0.0
TotalEnergies Capital SA	Energy		(66	)		(6,432	)		0.0
MPLX LP	Energy		(47	)		(4,239	)		0.0
BP Capital Markets America Inc	Energy		(50	)		(2,997	)		0.0
Exxon Mobil Corp	Energy		(32	)		(2,741	)		0.0
International Flavors & Fragrances Inc	Materials		(46	)		(2,886	)		0.0
DuPont de Nemours Inc	Materials		(79	)		(7,305	)		0.0

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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
7M IRS	BNP Paribas SA		2.250	%		11/10/2025		91,970,000		$	91,970,000		$	208,298		$	241,844		$	(33,546	)
1Y IRS	Capital Securities Corp.		2.500			05/29/2025		91,610,000			91,610,000			166,502			120,066			46,436
6M IRS	Capital Securities Corp.		2.375			11/28/2025		92,850,000			92,850,000			259,065			206,903			52,162
1Y IRS	Citibank NA		2.500			05/09/2025		90,570,000			90,570,000			147,211			182,645			(35,434	)
Total purchased option contracts								367,000,000		$	367,000,000		$	781,076		$	751,458		$	29,618
Written option contracts
Calls
7M IRS	BNP Paribas SA		2.316			11/10/2025		(10,220,000	)		(10,220,000	)		(193,978	)		(241,683	)		47,705
1M IRS	BofA Securities LLC		2.773			07/26/2024		(13,440,000	)		(13,440,000	)		(78,130	)		(110,715	)		32,585
1Y IRS	Capital Securities Corp.		2.333			05/29/2025		(10,200,000	)		(10,200,000	)		(139,301	)		(120,022	)		(19,279	)
6M IRS	Capital Securities Corp.		2.398			11/28/2025		(10,350,000	)		(10,350,000	)		(228,429	)		(206,903	)		(21,526	)
1M IRS	Citibank NA		2.796			07/10/2024		(13,080,000	)		(13,080,000	)		(51,783	)		(103,250	)		51,467
1M IRS	Citibank NA		2.738			07/17/2024		(13,440,000	)		(13,440,000	)		(46,019	)		(111,920	)		65,901
1M IRS	Citibank NA		3.915			07/29/2024		(14,020,000	)		(14,020,000	)		(1,292	)		(129,181	)		127,889
1Y IRS	Citibank NA		2.355			05/09/2025		(10,080,000	)		(10,080,000	)		(135,062	)		(182,594	)		47,532
1M IRS	Deutsche Bank AG (London)		3.860			07/17/2024		(14,060,000	)		(14,060,000	)		(65,444	)		(131,637	)		66,193
1M IRS	MS & Co. Int. PLC		4.065			07/10/2024		(13,590,000	)		(13,590,000	)		(162,327	)		(115,260	)		(47,067	)
1M IRS	MS & Co. Int. PLC		3.830			07/24/2024		(13,980,000	)		(13,980,000	)		(69,228	)		(124,073	)		54,845
1M IRS	UBS AG (London)		2.764			07/03/2024		(13,100,000	)		(13,100,000	)		(13,635	)		(103,276	)		89,641
								(149,560,000	)	$	(149,560,000	)	$	(1,184,628	)	$	(1,680,514	)	$	495,886
Puts
1M IRS	BofA Securities LLC		2.773			07/26/2024		(13,440,000	)		(13,440,000	)		(147,278	)		(110,715	)		(36,563	)
1M IRS	Citibank NA		2.796			07/10/2024		(13,080,000	)		(13,080,000	)		(98,121	)		(103,251	)		5,130
1M IRS	Citibank NA		2.738			07/17/2024		(13,440,000	)		(13,440,000	)		(162,875	)		(111,920	)		(50,955	)
1M IRS	Citibank NA		3.915			07/29/2024		(14,020,000	)		(14,020,000	)		(1,292	)		(129,180	)		127,888
1M IRS	Deutsche Bank AG (London)		3.860			07/17/2024		(14,060,000	)		(14,060,000	)		(163,484	)		(131,637	)		(31,847	)
1M IRS	MS & Co. Int. PLC		4.065			07/10/2024		(13,590,000	)		(13,590,000	)		(33,450	)		(115,260	)		81,810
1M IRS	MS & Co. Int. PLC		3.830			07/24/2024		(13,980,000	)		(13,980,000	)		(196,848	)		(124,072	)		(72,776	)
1M IRS	UBS AG (London)		2.764			07/03/2024		(13,100,000	)		(13,100,000	)		(101,499	)		(103,276	)		1,777
								(108,710,000	)	$	(108,710,000	)	$	(904,847	)	$	(929,311	)	$	24,464
Total written option contracts								(258,270,000	)	$	(258,270,000	)	$	(2,089,475	)	$	(2,609,825	)	$	520,350
TOTAL								108,730,000		$	108,730,000		$	(1,308,399	)	$	(1,858,367	)	$	549,968

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER-THE-COUNTER OPTIONS ON FOREIGN CURRENCY

Description	Counterparty	Exercise Price		Expiration Date		Number of Contracts		Notional Amount		Market Value		Premiums Paid (Received) by Fund		Unrealized Appreciation/ (Depreciation)
Purchased option contracts
Calls
Call USD/Put BRL	Barclays Bank PLC	$	5.698		10/16/2024		22,662,000	$	22,662,000	$	657,357	$	527,345	$	130,012
Call USD/Put BRL	Barclays Bank PLC		5.350		10/24/2024		10,846,000		10,846,000		699,719		271,042		428,677
Call USD/Put BRL	Barclays Bank PLC		5.590		10/24/2024		11,133,000		11,133,000		431,649		264,297		167,352
Call EUR/Put USD	BNP Paribas SA		1.089		08/02/2024		2,449,000		2,449,000		6,271		49,168		(42,897	)
Call USD/Put COP	BofA Securities LLC		4,020.000		10/10/2024		21,624,000		21,624,000		1,222,297		568,322		653,975
Call USD/Put ZAR	Citibank NA		20.860		09/04/2024		42,682,000		42,682,000		83,785		637,349		(553,564	)
Call USD/Put ZAR	Citibank NA		19.270		09/04/2024		4,847,932		4,847,932		43,660		41,498		2,162
Call USD/Put CNH	Deutsche Bank AG (London)		7.239		10/10/2024		10,812,000		10,812,000		94,475		101,633		(7,158	)
Call USD/Put HUF	Deutsche Bank AG (London)		379.000		10/17/2024		12,922,000		12,922,000		199,464		307,414		(107,950	)
Call USD/Put MXN	Deutsche Bank AG (London)		18.550		07/11/2024		11,103,000		11,103,000		82,851		200,109		(117,258	)
Call USD/Put MXN	Deutsche Bank AG (London)		17.623		10/16/2024		10,823,000		10,823,000		649,521		262,144		387,377
Call AUD/Put USD	JPMorgan Securities, Inc.		0.663		11/05/2024		12,465,000		12,465,000		213,082		213,848		(766	)
Call USD/Put CNH	JPMorgan Securities, Inc.		7.254		10/14/2024		10,828,000		10,828,000		85,649		109,579		(23,930	)
Call EUR/Put USD	MS & Co. Int PLC		1.101		07/22/2024		4,882,000		4,882,000		1,269		80,793		(79,524	)
Call EUR/Put USD	MS & Co. Int PLC		1.083		10/24/2024		7,604,000		7,604,000		91,745		127,449		(35,704	)
Call USD/Put CNH	MS & Co. Int PLC		7.235		10/10/2024		10,883,000		10,883,000		98,176		101,941		(3,765	)
Call EUR/Put USD	UBS AG (London)		1.106		07/15/2024		4,850,000		4,850,000		260		79,119		(78,859	)
Call USD/Put COP	UBS AG (London)		4,190.000		10/10/2024		22,266,000		22,266,000		742,861		509,178		233,683
Call USD/Put ZAR	UBS AG (London)		19.270		09/04/2024		5,335,500		5,335,500		48,051		43,058		4,993
							241,017,432	$	241,017,432	$	5,452,142	$	4,495,286	$	956,856
Puts
Put AUD/Call USD	Barclays Bank PLC		0.621		09/24/2024		41,484,000		41,484,000		45,524		216,132		(170,608	)
Put EUR/Call USD	Barclays Bank PLC		1.089		09/16/2024		9,974,000		9,974,000		194,577		122,479		72,098
Put GBP/Call USD	Barclays Bank PLC		1.260		07/30/2024		35,904,000		35,904,000		236,326		245,028		(8,702	)
Put EUR/Call USD	BNP Paribas SA		1.089		08/02/2024		2,449,000		2,449,000		44,508		49,168		(4,660	)
Put EUR/Call USD	BNP Paribas SA		1.061		09/16/2024		29,922,000		29,922,000		219,957		156,227		63,730
Put EUR/Call USD	BNP Paribas SA		1.086		09/17/2024		9,984,000		9,984,000		179,835		112,076		67,759
Put EUR/Call USD	BNP Paribas SA		1.062		10/17/2024		10,128,500		10,128,500		95,248		114,449		(19,201	)
Put GBP/Call USD	BNP Paribas SA		1.270		07/04/2024		26,188,000		26,188,000		176,214		128,389		47,825
Put GBP/Call USD	BNP Paribas SA		1.254		10/31/2024		8,996,000		8,996,000		129,866		130,435		(569	)
Put AUD/Call USD	BofA Securities LLC		0.622		09/25/2024		41,891,000		41,891,000		49,715		213,914		(164,199	)
Put EUR/Call USD	BofA Securities LLC		1.073		07/08/2024		20,533,000		20,533,000		128,794		108,554		20,240
Put EUR/Call USD	BofA Securities LLC		1.067		07/25/2024		10,570,000		10,570,000		59,509		66,330		(6,821	)
Put NZD/Call USD	BofA Securities LLC		0.613		07/04/2024		36,056,000		36,056,000		171,697		126,371		45,326
Put NZD/Call USD	BofA Securities LLC		0.614		07/08/2024		36,087,000		36,087,000		205,299		138,797		66,502
Put NZD/Call USD	BofA Securities LLC		0.604		07/18/2024		37,126,000		37,126,000		105,311		134,806		(29,495	)
Put EUR/Call USD	Deutsche Bank AG (London)		1.075		07/01/2024		30,740,000		30,740,000		165,659		134,608		31,051
Put GBP/Call USD	HSBC Bank PLC		1.233		10/15/2024		23,081,000		23,081,000		168,116		438,284		(270,168	)
Put EUR/Call USD	JPMorgan Securities, Inc.		1.085		07/08/2024		30,753,000		30,753,000		432,040		152,490		279,550
Put EUR/Call USD	MS & Co. Int PLC		1.101		07/22/2024		4,882,000		4,882,000		141,715		80,792		60,923
Put EUR/Call USD	MS & Co. Int PLC		1.083		10/24/2024		7,604,000		7,604,000		135,516		127,449		8,067
Put AUD/Call USD	UBS AG (London)		0.623		09/30/2024		41,741,000		41,741,000		56,108		207,263		(151,155	)
Put EUR/Call USD	UBS AG (London)		1.106		07/15/2024		4,850,000		4,850,000		165,801		79,119		86,682
Put EUR/Call USD	UBS AG (London)		1.071		07/15/2024		30,946,000		30,946,000		192,255		210,442		(18,187	)
Put EUR/Call USD	UBS AG (London)		1.066		07/30/2024		21,216,000		21,216,000		118,810		134,662		(15,852	)
Put EUR/Call USD	UBS AG (London)		1.058		09/17/2024		29,952,000		29,952,000		199,038		158,515		40,523
Put EUR/Call USD	UBS AG (London)		1.062		10/17/2024		10,128,500		10,128,500		95,249		91,209		4,040
Put EUR/Call USD	UBS AG (London)		1.086		10/21/2024		10,225,000		10,225,000		197,141		121,482		75,659
Put NZD/Call USD	UBS AG (London)		0.607		09/11/2024		36,326,000		36,326,000		301,248		295,661		5,587
							639,737,000	$	639,737,000	$	4,411,076	$	4,295,131	$	115,945
Total purchased option contracts							880,754,432	$	880,754,432	$	9,863,218	$	8,790,417	$	1,072,801

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

OVER-THE-COUNTER OPTIONS ON FOREIGN CURRENCY (continued)

Description	Counterparty	Exercise Price		Expiration Date		Number of Contracts			Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)
Written option contracts
Calls
Call EUR/Put GBP	Barclays Bank PLC	$	0.852		07/04/2024		(9,211,000	)	$	(9,211,000	)	$	(7,625	)	$	(39,964	)	$	32,339
Call EUR/Put PLN	Barclays Bank PLC		4.260		07/01/2024		(4,593,000	)		(4,593,000	)		(58,899	)		(27,385	)		(31,514	)
Call USD/Put BRL	Barclays Bank PLC		5.350		10/24/2024		(10,846,000	)		(10,846,000	)		(699,719	)		(464,100	)		(235,619	)
Call EUR/Put USD	BNP Paribas SA		1.083		10/24/2024		(7,604,000	)		(7,604,000	)		(91,745	)		(140,710	)		48,965
Call AUD/Put NZD	BofA Securities LLC		1.077		07/09/2024		(15,122,000	)		(15,122,000	)		(169,971	)		(47,109	)		(122,862	)
Call EUR/Put CHF	BofA Securities LLC		0.982		07/01/2024		(9,222,000	)		(9,222,000	)		(20	)		(58,213	)		58,193
Call USD/Put SGD	BofA Securities LLC		1.349		07/09/2024		(10,001,000	)		(10,001,000	)		(59,956	)		(42,654	)		(17,302	)
Call USD/Put SGD	BofA Securities LLC		1.349		07/18/2024		(10,252,000	)		(10,252,000	)		(67,294	)		(43,602	)		(23,692	)
Call USD/Put SGD	BofA Securities LLC		1.355		07/30/2024		(10,198,000	)		(10,198,000	)		(43,525	)		(46,024	)		2,499
Call AUD/Put NZD	Citibank NA		1.093		07/30/2024		(15,358,000	)		(15,358,000	)		(68,572	)		(55,137	)		(13,435	)
Call AUD/Put NZD	Citibank NA		1.096		08/09/2024		(15,381,000	)		(15,381,000	)		(69,362	)		(64,360	)		(5,002	)
Call EUR/Put CHF	Citibank NA		0.959		07/25/2024		(9,513,000	)		(9,513,000	)		(79,639	)		(75,870	)		(3,769	)
Call EUR/Put CZK	Citibank NA		24.620		07/09/2024		(4,597,000	)		(4,597,000	)		(87,140	)		(21,226	)		(65,914	)
Call EUR/Put GBP	Citibank NA		0.846		07/18/2024		(9,546,000	)		(9,546,000	)		(70,030	)		(68,467	)		(1,563	)
Call USD/Put ZAR	Citibank NA		19.270		09/04/2024		(21,342,000	)		(21,342,000	)		(192,206	)		(797,486	)		605,280
Call USD/Put MXN	Deutsche Bank AG (London)		19.429		07/11/2024		(11,103,000	)		(11,103,000	)		(13,412	)		(77,255	)		63,843
Call EUR/Put PLN	HSBC Bank PLC		4.340		07/15/2024		(4,642,000	)		(4,642,000	)		(13,890	)		(35,719	)		21,829
Call AUD/Put NZD	JPMorgan Securities, Inc.		1.095		08/01/2024		(15,331,000	)		(15,331,000	)		(62,499	)		(57,322	)		(5,177	)
Call AUD/Put USD	JPMorgan Securities, Inc.		0.663		11/05/2024		(12,465,000	)		(12,465,000	)		(213,082	)		(201,759	)		(11,323	)
Call AUD/Put NZD	MS & Co. Int PLC		1.077		07/15/2024		(15,138,900	)		(15,138,900	)		(172,948	)		(52,026	)		(120,922	)
Call EUR/Put CHF	MS & Co. Int PLC		0.956		07/22/2024		(9,475,000	)		(9,475,000	)		(97,809	)		(83,126	)		(14,683	)
Call EUR/Put SEK	MS & Co. Int PLC		11.350		07/04/2024		(9,232,000	)		(9,232,000	)		(33,033	)		(65,409	)		32,376
Call USD/Put COP	UBS AG (London)		4,020.000		10/10/2024		(21,624,000	)		(21,624,000	)		(1,222,296	)		(882,577	)		(339,719	)
							(261,796,900	)	$	(261,796,900	)	$	(3,594,672	)	$	(3,447,500	)	$	(147,172	)
Puts
Put EUR/Call GBP	Barclays Bank PLC		0.852		07/04/2024		(9,211,000	)		(9,211,000	)		(60,460	)		(39,964	)		(20,496	)
Put EUR/Call PLN	Barclays Bank PLC		4.260		07/01/2024		(4,593,000	)		(4,593,000	)		(5	)		(27,385	)		27,380
Put GBP/Call USD	Barclays Bank PLC		1.270		07/04/2024		(26,188,000	)		(26,188,000	)		(176,214	)		(215,359	)		39,145
Put EUR/Call USD	BNP Paribas SA		1.075		07/01/2024		(10,144,200	)		(10,144,200	)		(54,667	)		(24,554	)		(30,113	)
Put EUR/Call USD	BNP Paribas SA		1.089		09/16/2024		(9,974,000	)		(9,974,000	)		(194,577	)		(125,073	)		(69,504	)
Put EUR/Call USD	BNP Paribas SA		1.062		10/17/2024		(20,257,000	)		(20,257,000	)		(190,497	)		(314,330	)		123,833
Put EUR/Call USD	BNP Paribas SA		1.083		10/24/2024		(7,604,000	)		(7,604,000	)		(135,516	)		(140,710	)		5,194
Put GBP/Call USD	BNP Paribas SA		1.233		10/15/2024		(23,081,000	)		(23,081,000	)		(168,116	)		(416,372	)		248,256
Put AUD/Call NZD	BofA Securities LLC		1.077		07/09/2024		(15,122,000	)		(15,122,000	)		(171	)		(47,109	)		46,938
Put AUD/Call USD	BofA Securities LLC		0.648		09/25/2024		(16,756,000	)		(16,756,000	)		(72,355	)		(202,522	)		130,167
Put EUR/Call CHF	BofA Securities LLC		0.982		07/01/2024		(9,222,000	)		(9,222,000	)		(203,788	)		(58,213	)		(145,575	)
Put EUR/Call USD	BofA Securities LLC		1.085		07/08/2024		(20,604,576	)		(20,604,576	)		(289,468	)		(232,301	)		(57,167	)
Put EUR/Call USD	BofA Securities LLC		1.073		07/08/2024		(20,533,000	)		(20,533,000	)		(128,794	)		(145,221	)		16,427
Put EUR/Call USD	BofA Securities LLC		1.061		09/16/2024		(29,922,000	)		(29,922,000	)		(219,957	)		(419,612	)		199,655
Put NZD/Call USD	BofA Securities LLC		0.614		07/08/2024		(36,087,000	)		(36,087,000	)		(205,299	)		(232,880	)		27,581
Put USD/Call SGD	BofA Securities LLC		1.349		07/09/2024		(10,001,000	)		(10,001,000	)		(9,001	)		(42,654	)		33,653
Put USD/Call SGD	BofA Securities LLC		1.349		07/18/2024		(10,252,000	)		(10,252,000	)		(20,432	)		(43,602	)		23,170
Put USD/Call SGD	BofA Securities LLC		1.355		07/30/2024		(10,198,000	)		(10,198,000	)		(50,450	)		(46,024	)		(4,426	)
Put AUD/Call NZD	Citibank NA		1.093		07/30/2024		(15,358,000	)		(15,358,000	)		(39,588	)		(55,138	)		15,550
Put AUD/Call NZD	Citibank NA		1.096		08/09/2024		(15,381,000	)		(15,381,000	)		(60,333	)		(64,360	)		4,027
Put EUR/Call CHF	Citibank NA		0.959		07/25/2024		(9,513,000	)		(9,513,000	)		(65,936	)		(75,870	)		9,934
Put EUR/Call CZK	Citibank NA		24.620		07/09/2024		(4,597,000	)		(4,597,000	)		(448	)		(21,226	)		20,778
Put EUR/Call GBP	Citibank NA		0.846		07/18/2024		(9,546,000	)		(9,546,000	)		(40,740	)		(68,467	)		27,727
Put EUR/Call PLN	HSBC Bank PLC		4.340		07/15/2024		(4,642,000	)		(4,642,000	)		(42,644	)		(35,719	)		(6,925	)
Put EUR/Call USD	HSBC Bank PLC		1.071		07/15/2024		(10,315,333	)		(10,315,333	)		(64,074	)		(67,719	)		3,645
Put AUD/Call NZD	JPMorgan Securities, Inc.		1.095		08/01/2024		(15,331,000	)		(15,331,000	)		(50,768	)		(57,322	)		6,554
Put AUD/Call USD	JPMorgan Securities, Inc.		0.621		09/24/2024		(41,484,000	)		(41,484,000	)		(45,524	)		(323,755	)		278,231
Put EUR/Call USD	JPMorgan Securities, Inc.		1.085		07/08/2024		(10,148,490	)		(10,148,490	)		(142,573	)		(71,687	)		(70,886	)
Put AUD/Call NZD	MS & Co. Int PLC		1.077		07/15/2024		(15,138,900	)		(15,138,900	)		(1,454	)		(52,026	)		50,572
Put EUR/Call CHF	MS & Co. Int PLC		0.956		07/22/2024		(9,475,000	)		(9,475,000	)		(48,839	)		(83,126	)		34,287
Put EUR/Call SEK	MS & Co. Int PLC		11.350		07/04/2024		(9,232,000	)		(9,232,000	)		(33,379	)		(65,409	)		32,030
Put EUR/Call USD	MS & Co. Int PLC		1.058		09/17/2024		(29,952,000	)		(29,952,000	)		(199,038	)		(410,549	)		211,511
Put AUD/Call USD	UBS AG (London)		0.648		09/30/2024		(16,696,000	)		(16,696,000	)		(77,018	)		(196,972	)		119,954
Put EUR/Call USD	UBS AG (London)		1.075		07/01/2024		(20,594,933	)		(20,594,933	)		(110,987	)		(194,022	)		83,035
Put EUR/Call USD	UBS AG (London)		1.086		09/17/2024		(9,984,000	)		(9,984,000	)		(179,835	)		(125,681	)		(54,154	)
Put NZD/Call USD	UBS AG (London)		0.613		07/04/2024		(36,056,000	)		(36,056,000	)		(171,697	)		(197,208	)		25,511
							(573,194,432	)	$	(573,194,432	)	$	(3,554,642	)	$	(4,940,141	)	$	1,385,499
Total written option contracts							(834,991,332	)	$	(834,991,332	)	$	(7,149,314	)	$	(8,387,641	)	$	1,238,327
TOTAL							45,763,100		$	45,763,100		$	2,713,904		$	402,776		$	2,311,128

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

Currency Abbreviations:
AUD	— Australian Dollar
BRL	— Brazil Real
CAD	— Canadian Dollar
CHF	— Swiss Franc
CLP	— Chilean Peso
CNH	— Chinese Yuan Renminbi Offshore
CNY	— Chinese Yuan Renminbi
COP	— Colombia Peso
CZK	— Czech Republic Koruna
EUR	— Euro
GBP	— British Pound
HKD	— Hong Kong Dollar
HUF	— Hungarian Forint
INR	— Indian Rupee
JPY	— Japanese Yen
KRW	— South Korean Won
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
GO	— General Obligation
LLC	— Limited Liability Company
LP	— Limited Partnership
PI	— Private Investment
PIK	— Payment in kind
PLC	— Public Limited Company
REMICS	— Real Estate Mortgage Investment Conduits
SOFR	— Secured Overnight Financing Rate
STACR	— Structured Agency Credit Risk

GOLDMAN SACHS DYNAMIC BOND FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

Abbreviations:
1M IRS	— 1 Month Interest Rate Swaptions
1Y IRS	— 1 Year Interest Rate Swaptions
6M IRS	— 6 Month Interest Rate Swaptions
7M IRS	— 7 Month Interest Rate Swaptions
AUDOR	— Australian Dollar Offered Rate
BofA Securities LLC	— Bank of America Securities LLC
CDOR	— Canadian Dollar Offered Rate
CDX.NA.HY Ind 39	— CDX North America High Yield Index 39
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
CLICP	— Sinacofi Chile Interbank Rate
CMBX	— Commercial Mortgage Backed Securities Index
EURO	— Euro Offered Rate
JIBAR	— Johannesburg Interbank Agreed Rate
JYOR	— Japanese Yen Offered Rate
KWCDC	— South Korean Won Certificate of Deposit
MIBOR	— MIBOR - Mumbai Interbank 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
TIIE	— La Tasa de Interbank Equilibrium Interest Rate
WIBOR	— Warsaw Interbank Offered Rate

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – 33.9%
Collateralized Mortgage Obligations – 4.9%
Interest Only(a) – 0.2%
Federal Home Loan Mortgage Corp. REMICS Series 5002, Class SJ (-1X 1 mo. USD Term SOFR + 5.986%)
$	934,493		0.650	%(b)	07/25/50	$     94,433
Federal Home Loan Mortgage Corp. REMICS Series 5020, Class IH
	832,277		3.000		08/25/50	139,041
Federal Home Loan Mortgage Corp. REMICS Series 4583, Class ST (-1X 1 mo. USD Term SOFR + 5.886%)
	394,637		0.553	(b)	05/15/46	37,447
Federal Home Loan Mortgage Corp. REMICS Series 4314, Class SE (-1X 1 mo. USD Term SOFR + 5.936%)
	109,967		0.603	(b)	03/15/44	9,363
Federal Home Loan Mortgage Corp. REMICS Series 4998, Class GI
	822,570		4.000		08/25/50	170,757
Federal National Mortgage Association REMICS Series 2017-31, Class SG (-1X 1 mo. USD Term SOFR + 5.986%)
	308,025		0.650	(b)	05/25/47	32,583
Federal National Mortgage Association REMICS Series 2012-5, Class SA (-1X 1 mo. USD Term SOFR + 5.836%)
	149,280		0.500	(b)	02/25/42	12,014
Government National Mortgage Association REMICS Series 2014-132, Class SL (-1X 1 mo. USD Term SOFR + 5.986%)
	122,111		0.647	(b)(c)	10/20/43	5,062
Government National Mortgage Association REMICS Series 2015-129, Class IC
	90,818		4.500	(c)	09/16/45	17,298
Government National Mortgage Association REMICS Series 2019-1, Class SN (-1X 1 mo. USD Term SOFR + 5.936%)
	136,614		0.597	(b)(c)	01/20/49	12,825
Government National Mortgage Association REMICS Series 2019-78, Class SE (-1X 1 mo. USD Term SOFR + 5.986%)
	95,953		0.647	(b)(c)	06/20/49	8,915
Government National Mortgage Association REMICS Series 2020-78, Class DI
	556,060		4.000	(c)	06/20/50	113,613
Government National Mortgage Association REMICS Series 2020-146, Class KI
	1,146,704		2.500	(c)	10/20/50	166,459
Government National Mortgage Association REMICS Series 2013-124, Class CS (-1X 1 mo. USD Term SOFR + 5.936%)
	225,610		0.597	(b)(c)	08/20/43	20,546
Government National Mortgage Association REMICS Series 2015-123, Class SP (-1X 1 mo. USD Term SOFR + 6.136%)
	137,728		0.797	(b)(c)	09/20/45	14,197
Government National Mortgage Association REMICS Series 2016-27, Class IA
	98,092		4.000	(c)	06/20/45	13,712
Government National Mortgage Association REMICS Series 2018-122, Class SE (-1X 1 mo. USD Term SOFR + 6.086%)
	280,883		0.747	(b)(c)	09/20/48	28,684

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Interest Only(a) – (continued)
Government National Mortgage Association REMICS Series 2010-20, Class SE (-1X 1 mo. USD Term SOFR + 6.136%)
$	270,707		0.797	%(b)(c)	02/20/40	$     24,983
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
Government National Mortgage Association REMICS Series 2019-151, Class IA
	1,302,200		3.500	(c)	12/20/49	244,580
Government National Mortgage Association REMICS Series 2016-138, Class GI
	238,360		4.000	(c)	10/20/46	48,282
Government National Mortgage Association REMICS Series 2015-167, Class AS (-1X 1 mo. USD Term SOFR + 6.136%)
	82,427		0.797	(b)(c)	11/20/45	8,032
						1,232,861
Sequential Fixed Rate – 1.1%
BRAVO Residential Funding Trust Series 2024-NQM1, Class A1
	1,793,936		5.943	(c)(d)(e)	12/01/63	1,788,331
Federal National Mortgage Association REMICS Series 2011-99, Class DB
	130,854		5.000		10/25/41	129,449
Federal National Mortgage Association REMICS Series 2012- 111, Class B
	17,649		7.000		10/25/42	18,554
Federal National Mortgage Association REMICS Series 2012- 153, Class B
	72,599		7.000		07/25/42	77,547
Federal National Mortgage Association REMICS Series 2011-52, Class GB
	146,620		5.000		06/25/41	145,094
OBX Trust Series 2024-NQM2, Class A1
	3,092,039		5.878	(c)(d)(e)	12/25/63	3,088,111
OBX Trust Series 2024-NQM1, Class A1
	1,843,570		5.928	(c)(d)(e)	11/25/63	1,839,529
OBX Trust Series 2024-NQM1, Class A2
	92,178		6.253	(c)(d)(e)	11/25/63	92,097
						7,178,712
Sequential Floating Rate(c) – 3.6%
Angel Oak Mortgage Trust Series 2021-6, Class A1
	459,246		1.458	(b)(d)	09/25/66	371,904
Chase Home Lending Mortgage Trust Series 2024-3, Class A5
	275,000		6.000	(b)(d)	02/25/55	271,107
Chase Home Lending Mortgage Trust Series 2024-3, Class A5A
	425,000		5.500	(b)(d)	02/25/55	405,217
Chase Home Lending Mortgage Trust Series 2024-3, Class A7
	200,000		6.000	(b)(d)	02/25/55	197,458
Countrywide Alternative Loan Trust Series 2005-38, Class A1 (1 yr. MTA + 1.500%)
	36,367		6.653	(b)	09/25/35	31,402

GOLDMAN SACHS GLOBAL CORE FIXED 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)
Federal Home Loan Mortgage Corp. STACR Debt Notes Series 2016-DNA4, Class M3 (1 mo. USD Term SOFR + 3.914%)
$	273,884		9.250	%(b)	03/25/29	$    285,669
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA5, Class M2 (1 mo. USD Term SOFR + 1.650%)
	122,604		6.985	(b)(d)	01/25/34	123,418
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA1, Class M1A (1 mo. USD Term SOFR + 1.000%)
	424,820		6.335	(b)(d)	01/25/42	425,031
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA1, Class M1B (1 mo. USD Term SOFR + 3.500%)
	1,154,000		8.835	(b)(d)	03/25/42	1,211,921
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class A1 (1 mo. USD Term SOFR + 1.250%)
	2,006,558		6.585	(b)(d)	03/25/44	2,010,166
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M1 (1 mo. USD Term SOFR + 1.250%)
	1,349,972		6.585	(b)(d)	03/25/44	1,352,844
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1, Class M2 (1 mo. USD Term SOFR + 2.000%)
	525,000		7.335	(b)(d)	03/25/44	527,242
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-DNA2, Class M1 (1 mo. USD Term SOFR + 1.200%)
	1,997,807		6.535	(b)(d)	05/25/44	2,000,120
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R01, Class 1M2 (1 mo. USD Term SOFR + 1.550%)
	300,637		6.885	(b)(d)	10/25/41	302,426
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R03, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	285,000		6.985	(b)(d)	12/25/41	286,867
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R05, Class 2M1 (1 mo. USD Term SOFR + 1.900%)
	158,908		7.235	(b)(d)	04/25/42	160,371
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R05, Class 2M2 (1 mo. USD Term SOFR + 3.000%)
	227,000		8.335	(b)(d)	04/25/42	234,988
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03, Class 2M2 (1 mo. USD Term SOFR + 3.900%)
	457,298		9.235	(b)(d)	04/25/43	489,852
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R05, Class 1M2 (1 mo. USD Term SOFR + 3.100%)
	230,000		8.435	(b)(d)	06/25/43	243,008

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(c) – (continued)
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R06, Class 1M2 (1 mo. USD Term SOFR + 2.700%)
$	220,000		8.035	%(b)(d)	07/25/43	$    228,782
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R08, Class 1M2 (1 mo. USD Term SOFR + 2.500%)
	555,000		7.835	(b)(d)	10/25/43	571,599
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	450,000		7.135	(b)(d)	01/25/44	455,080
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R02, Class 1M2 (1 mo. USD Term SOFR + 1.800%)
	1,425,000		7.135	(b)(d)	02/25/44	1,432,857
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R04, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	450,000		6.974	(b)(d)	05/25/44	450,992
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R03, Class 2M2 (1 mo. USD Term SOFR + 1.950%)
	500,000		7.285	(b)(d)	03/25/44	502,826
HarborView Mortgage Loan Trust Series 2006-6, Class 3A1A
	147,520		4.860	(b)	08/19/36	117,737
JP Morgan Mortgage Trust Series 2021-LTV2, Class A1
	1,016,050		2.520	(b)(d)	05/25/52	824,862
JP Morgan Mortgage Trust Series 2022-LTV1, Class A2
	339,745		3.520	(b)(d)	07/25/52	288,835
JP Morgan Mortgage Trust Series 2023-DSC1, Class A1
	809,690		4.625	(b)(d)	07/25/63	761,432
JP Morgan Mortgage Trust Series 2024-1, Class A2
	2,024,769		6.000	(b)(d)	06/25/54	2,009,425
JP Morgan Mortgage Trust Series 2024-3, Class A4
	1,935,831		3.000	(b)(d)	05/25/54	1,693,661
JP Morgan Mortgage Trust Series 2022-DSC1, Class A3
	864,167		4.750	(b)(d)	01/25/63	806,059
JP Morgan Mortgage Trust Series 2024-4, Class A5A
	700,000		6.000	(b)(d)	10/25/54	687,391
Mill City Mortgage Loan Trust Series 2017-2, Class A3
	145,404		3.250	(b)(d)	07/25/59	138,548
Residential Mortgage Loan Trust Series 2019-2, Class B1
	600,000		4.713	(b)(d)	05/25/59	574,727
Sequoia Mortgage Trust Series 2004-10, Class A3A (6 mo. USD Term SOFR + 1.088%)
	27,071		6.388	(b)	11/20/34	24,785
Towd Point Mortgage Trust Series 2020-1, Class A2A
	530,000		3.100	(b)(d)	01/25/60	460,517
Verus Securitization Trust Series 2021-8, Class A1
	119,516		1.824	(b)(d)	11/25/66	103,937
Verus Securitization Trust Series 2022-INV1, Class A1
	81,317		5.041	(d)(e)	08/25/67	80,882
						23,145,945
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						$ 31,557,518

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Commercial Mortgage-Backed Securities – 4.3%
Sequential Fixed Rate – 1.8%
Bank Series 2023-BNK46, Class A4
$	1,700,000		5.745	%(c)	08/15/56	$  1,744,546
Bank5 Series 2023-5YR4, Class A3
	346,246		6.500	(c)	12/15/56	359,116
Bank5 Series 2024-5YR7, Class A3
	1,200,000		5.769	(c)	06/15/57	1,219,680
Benchmark Mortgage Trust Series 2023-B39, Class A5
	1,125,000		5.754	(c)	07/15/56	1,160,568
BMO Mortgage Trust Series 2022-C3, Class A5
	300,000		5.313	(c)	09/15/54	298,707
BMO Mortgage Trust Series 2023-C7, Class A5
	2,300,000		6.160	(c)	12/15/56	2,429,604
Citigroup Commercial Mortgage Trust Series 2017-P8, Class D
	400,000		3.000	(c)(d)	09/15/50	286,184
DOLP Trust Series 2021-NYC, Class A
	1,500,000		2.956	(d)	05/10/41	1,248,933
GS Mortgage Securities Trust Series 2017-GS7, Class A4
	950,000		3.430	(c)	08/10/50	886,700
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-OPO, Class A
	1,223,000		3.024	(d)	01/05/39	1,092,645
Wells Fargo Commercial Mortgage Trust Series 2021-C59, Class A5
	1,100,000		2.626	(c)	04/15/54	922,866
						11,649,549
Sequential Floating Rate(b) – 2.5%
3650R Commercial Mortgage Trust Series 2021-PF1, Class AS
	850,000		2.778		11/15/54	696,639
Bank Series 2022-BNK40, Class A4
	1,150,000		3.506	(c)	03/15/64	1,011,287
Bank5 Series 2023-5YR4, Class AS
	400,000		7.274	(c)	12/15/56	421,757
BBCMS Mortgage Trust Series 2018-TALL, Class A (1 mo. USD Term SOFR + 0.919%)
	625,000		6.248	(d)	03/15/37	591,022
BBCMS Mortgage Trust Series 2018-TALL, Class B (1 mo. USD Term SOFR + 1.168%)
	475,000		6.497	(d)	03/15/37	435,274
BLP Commercial Mortgage Trust Series 2024-IND2, Class A (1 mo. USD Term SOFR + 1.342%)
	1,225,000		6.671	(d)	03/15/41	1,215,829
BX Commercial Mortgage Trust Series 2024-XL5, Class A (1 mo. USD Term SOFR + 1.392%)
	1,054,881		6.721	(d)	03/15/41	1,049,971
BX Trust Series 2021-ARIA, Class C (1 mo. USD Term SOFR + 1.760%)
	450,000		7.090	(d)	10/15/36	442,167
BX Trust Series 2022-PSB, Class A (1 mo. USD Term SOFR + 2.451%)
	957,588		7.780	(d)	08/15/39	955,201
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
	2,050,000		6.971	(d)	02/15/41	2,043,359
Commercial Mortgage Trust Series 2024-WCL1, Class A (1 mo. USD Term SOFR + 1.841%)
	1,900,000		7.141	(d)	06/15/41	1,890,888

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 KF153, Class AS (1 mo. USD Term SOFR + 0.680%)
$	736,335		6.004	%(c)	02/25/33	$    736,796
JP Morgan Chase Commercial Mortgage Securities Trust Series 2022-NLP, Class B (1 mo. USD Term SOFR + 1.107%)
	1,000,686		6.436	(d)	04/15/37	952,237
Wells Fargo Commercial Mortgage Trust Series 2022-C62, Class A4
	700,000		4.000	(c)	04/15/55	639,352
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class A
	1,600,000		5.308	(d)	07/15/35	1,574,616
Wells Fargo Commercial Mortgage Trust Series 2024-1CHI, Class B
	1,000,000		5.743	(d)	07/15/35	984,868
						15,641,263
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$ 27,290,812
Federal Agencies – 24.7%
Federal Home Loan Mortgage Corp. – 0.0%
$	952		5.000	%	01/01/33	$        945
	146		5.000		06/01/33	145
	1,571		5.000		07/01/33	1,559
	2,072		5.000		08/01/33	2,057
	353		5.000		10/01/33	350
	971		5.000		11/01/33	963
	442		5.000		12/01/33	438
	1,454		5.000		02/01/34	1,444
	728		5.000		03/01/34	723
	1,069		5.000		04/01/34	1,061
	1,605		5.000		05/01/34	1,593
	25,552		5.000		06/01/34	25,361
	610		5.000		11/01/34	606
	6,233		5.000		04/01/35	6,186
	2		5.000		11/01/35	2
	7,822		5.000		01/01/40	7,833
	5,371		4.000		06/01/40	5,081
	35,236		4.000		02/01/41	33,321
	3,000		4.000		11/01/41	2,847
						92,515
Government National Mortgage Association – 10.4%
	157,702		4.000		11/20/44	148,394
	14,755		4.000		05/20/45	13,884
	336,069		4.000		07/20/45	315,814
	234,512		4.000		01/20/46	220,377
	80,640		4.500		02/20/48	77,958
	26,880		4.500		03/20/48	25,978
	95,258		4.500		04/20/48	91,912
	213,322		4.500		05/20/48	205,696
	857,396		4.000		07/20/48	801,434
	298,261		4.500		08/20/48	287,225
	169,221		5.000		08/20/48	167,089
	867,522		4.000		09/20/48	811,505
	1,398,483		4.500		09/20/48	1,346,737

GOLDMAN SACHS GLOBAL CORE FIXED 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 – (continued)
$	195,893		5.000	%	09/20/48	$    193,057
	198,381		5.000		10/20/48	195,509
	782,091		5.000		11/20/48	770,768
	325,304		5.000		12/20/48	320,187
	1,074,275		4.500		01/20/49	1,032,175
	558,140		5.000		01/20/49	549,362
	291,362		4.500		02/20/49	279,944
	206,402		4.500		03/20/49	198,313
	317,892		5.000		03/20/49	313,290
	602,811		3.000		08/20/49	529,517
	457,777		4.500		10/20/49	440,839
	176,650		4.500		12/20/49	169,727
	1,960,045		3.000		03/20/50	1,719,963
	731,405		3.000		07/20/51	638,190
	361,909		2.500		09/20/51	300,710
	862,722		2.500		10/20/51	718,992
	537,518		2.500		11/20/51	447,463
	797,525		3.000		12/20/51	695,821
	1,666,576		2.500		12/20/51	1,389,292
	12,709,442		4.500		10/20/52	12,097,353
	2,940,102		7.000		01/20/54	2,994,401
	5,000,000		2.000		TBA-30yr(f)	4,048,681
	2,000,000		3.500		TBA-30yr(f)	1,797,565
	1,000,000		5.500		TBA-30yr(f)	992,150
	26,000,000		6.000		TBA-30yr(f)	26,111,725
	3,000,000		6.500		TBA-30yr(f)	3,041,659
						66,500,656
Uniform Mortgage-Backed Security – 14.3%
	134,190		4.500		07/01/36	130,196
	8,809		4.500		12/01/36	8,546
	4,220		4.500		05/01/38	4,101
	10,810		4.500		05/01/39	10,533
	5,924		4.500		06/01/39	5,772
	3,446		4.500		08/01/39	3,358
	4,326		4.500		09/01/39	4,204
	8,485		4.500		10/01/39	8,246
	3,535		4.500		03/01/40	3,436
	44,010		4.500		04/01/40	42,745
	4,461		4.500		12/01/40	4,333
	39,490		4.500		01/01/41	38,355
	13,890		4.500		04/01/41	13,477
	20,149		4.500		06/01/41	19,549
	21,391		4.500		07/01/41	20,754
	31,314		4.500		08/01/41	30,430
	86,511		4.500		09/01/41	83,937
	42,718		4.500		10/01/41	41,446
	56,025		4.500		11/01/41	54,358
	47,952		4.500		12/01/41	46,525
	40,446		4.500		01/01/42	39,242
	3,168		4.500		03/01/42	3,077
	9,815		4.500		04/01/42	9,505
	44,060		3.000		12/01/42	39,678
	108,803		3.000		01/01/43	97,617
	156,967		3.000		04/01/43	140,108
	195,687		4.500		06/01/45	189,248
	1,558,341		4.000		08/01/45	1,466,799
	827,560		4.500		11/01/47	795,939

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Uniform Mortgage-Backed Security – (continued)
$	2,505,738		4.000	%	01/01/48	$  2,338,967
	14,171		4.500		08/01/48	13,541
	243,473		4.500		09/01/48	234,398
	170,500		5.000		11/01/48	168,474
	810,748		3.000		02/01/49	710,031
	11,645		4.500		03/01/49	11,116
	91,363		3.500		07/01/49	82,313
	824,561		4.000		07/01/49	766,369
	380,359		4.500		10/01/50	363,329
	2,357,040		3.000		12/01/50	2,045,317
	144,260		2.500		03/01/51	120,261
	5,819,665		2.000		03/01/51	4,590,193
	2,557,145		2.500		05/01/51	2,116,930
	698,849		2.000		07/01/51	548,888
	912,720		2.000		08/01/51	716,619
	2,578,966		2.500		09/01/51	2,135,766
	712,729		2.500		10/01/51	593,489
	749,395		2.500		11/01/51	623,787
	1,773,409		2.000		01/01/52	1,400,729
	790,509		2.000		02/01/52	619,473
	1,348,454		2.500		02/01/52	1,104,314
	432,295		2.000		03/01/52	338,108
	797,348		2.500		03/01/52	651,463
	931,046		4.500		04/01/52	879,534
	2,943,596		2.000		04/01/52	2,302,257
	430,947		2.000		06/01/52	337,083
	878,350		3.000		08/01/52	759,854
	966,452		2.000		09/01/52	755,951
	886,550		5.500		09/01/52	883,946
	369,795		2.500		09/01/52	302,474
	1,774,909		5.500		11/01/52	1,769,141
	2,595,094		6.000		11/01/52	2,646,038
	1,718,610		6.000		12/01/52	1,744,767
	898,370		6.000		01/01/53	912,044
	855,394		5.500		04/01/53	847,267
	5,623,996		4.500		05/01/53	5,359,896
	459,914		2.500		01/01/54	376,187
	7,000,000		2.500		TBA-30yr(f)	5,717,032
	13,000,000		3.000		TBA-30yr(f)	11,062,194
	2,000,000		3.500		TBA-30yr	1,770,155
	10,000,000		5.500		TBA-30yr(f)	9,862,890
	18,000,000		6.000		TBA-30yr(f)	18,050,636
						91,988,735
TOTAL FEDERAL AGENCIES						$158,581,906
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $222,982,240)						$217,430,236
Corporate Obligations – 33.2%
Aerospace & Defense(c) – 0.5%
Boeing Co.
$	1,479,000		5.150	%	05/01/30	$  1,419,928
	80,000		3.625		03/01/48	51,464

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount			Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Aerospace & Defense(c) – (continued)
L3Harris Technologies, Inc.
$	50,000			4.400	%	06/15/28	$     48,528
	825,000			5.250		06/01/31	821,890
	75,000			5.600		07/31/53	74,311
RTX Corp.
	750,000			5.750		01/15/29	769,740
							3,185,861
Agriculture(c) – 0.3%
BAT Capital Corp.
	50,000			3.557		08/15/27	47,478
BAT International Finance PLC
GBP	948,000			2.250		06/26/28	1,066,126
EUR	200,000			2.250		01/16/30	194,817
Philip Morris International, Inc.
$	525,000			5.625		11/17/29	536,135
							1,844,556
Airlines(c) – 0.1%
International Consolidated Airlines Group SA
EUR	800,000			3.750		03/25/29	841,450
Automotive(c) – 1.3%
Ford Motor Credit Co. LLC
$	975,000			5.800		03/05/27	975,215
	1,093,000			5.850		05/17/27	1,094,006
General Motors Financial Co., Inc.
EUR	100,000			1.694		03/26/25	105,453
	195,000			0.850		02/26/26	199,519
$	1,725,000			1.500		06/10/26	1,597,695
	650,000			5.000		04/09/27	643,468
Hyundai Capital America(d)
	2,425,000			1.650		09/17/26	2,232,018
	175,000			5.700		06/26/30	177,158
Volkswagen International Finance NV(b) (-1X 5 yr. EUR Swap +
	3.746	%)
EUR	1,200,000			3.500		06/17/25	1,267,341
							8,291,873
Banks – 11.4%
ABN AMRO Bank NV(b)(c)(d) (1 yr. CMT + 0.800%)
$	1,200,000			1.542		06/16/27	1,106,160
AIB Group PLC(b)(c)
(1 yr. EUR Swap + 1.950%)
EUR	1,150,000			4.625		07/23/29	1,268,085
(-1X 5 yr. EUR Swap + 3.300%)
	805,000			2.875		05/30/31	835,571
Australia & New Zealand Banking Group Ltd.(b)(c)(d) (5 yr. CMT
	+ 1.288	%)
$	750,000			2.950		07/22/30	726,225
Banco Santander SA
	1,000,000			3.800		02/23/28	942,660
	1,400,000			3.490		05/28/30	1,254,022
(1 yr. CMT + 1.250%)
	1,000,000			5.552	(b)(c)	03/14/28	998,330
Bank of America Corp.(b)(c)
(3 mo. USD Term SOFR + 1.072%)
	2,900,000			3.366		01/23/26	2,860,589

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 1.320%)
$	350,000		2.687	%	04/22/32	$    295,964
(Secured Overnight Financing Rate + 1.630%)
	2,125,000		5.202		04/25/29	2,121,239
(Secured Overnight Financing Rate + 2.150%)
	375,000		2.592		04/29/31	324,116
Bank of Ireland Group PLC(b)(c) (5 yr. EUR Swap + 4.150%)
EUR	400,000		6.750		03/01/33	459,292
Banque Federative du Credit Mutuel SA(b)(c) (5 yr. EUR Swap + 2.200%)
	1,200,000		3.875		06/16/32	1,267,071
Barclays PLC(b)(c)
(1 yr. CMT + 1.050%)
$	1,025,000		2.279		11/24/27	948,023
(Secured Overnight Financing Rate + 1.490%)
	605,000		5.674		03/12/28	605,817
(Secured Overnight Financing Rate + 1.740%)
	573,000		5.690		03/12/30	574,650
BNP Paribas SA
	1,450,000		3.375	(d)	01/09/25	1,431,280
	1,250,000		3.375		01/09/25	1,233,862
(Secured Overnight Financing Rate + 1.004%)
	575,000		1.323	(b)(c)(d)	01/13/27	536,889
(Secured Overnight Financing Rate + 1.520%)
	500,000		5.176	(b)(c)(d)	01/09/30	494,740
(Secured Overnight Financing Rate + 2.074%)
	550,000		2.219	(b)(c)(d)	06/09/26	531,768
BPCE SA
EUR	300,000		1.750		04/26/27	306,175
(Secured Overnight Financing Rate + 1.520%)
$	1,000,000		1.652	(b)(c)(d)	10/06/26	946,120
CaixaBank SA(b)(c)
(-1X 3 mo. EUR EURIBOR + 0.850%)
EUR	700,000		0.375		11/18/26	714,828
(-1X 3 mo. EUR EURIBOR + 0.900%)
	1,500,000		0.500		02/09/29	1,428,803
(-1X 3 mo. EUR EURIBOR + 1.000%)
	300,000		0.750		05/26/28	296,260
(3 mo. EUR EURIBOR + 0.620%)
	300,000		0.625		01/21/28	298,965
(5 yr. EUR Swap + 3.000%)
	200,000		6.125		05/30/34	226,581
Citigroup, Inc.(b)(c)
(Secured Overnight Financing Rate + 1.364%)
$	1,750,000		5.174		02/13/30	1,739,395
(Secured Overnight Financing Rate + 2.842%)
	1,700,000		3.106		04/08/26	1,665,524
(Secured Overnight Financing Rate + 3.914%)
	300,000		4.412		03/31/31	285,921
Commerzbank AG(b)(c) (5 yr. EURIBOR ICE Swap + 3.700%)
EUR	400,000		6.750		10/05/33	460,384
Credit Agricole SA(b)(c)(d)
(Secured Overnight Financing Rate + 0.892%)
$	1,100,000		1.247		01/26/27	1,025,739
(Secured Overnight Financing Rate + 1.676%)
	300,000		1.907		06/16/26	288,792
Danske Bank AS(b)(c)(d) (1 yr. CMT + 1.750%)
	1,275,000		4.298		04/01/28	1,233,996

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
Deutsche Bank AG(b)(c)
(-1X 3 mo. EUR EURIBOR + 2.050%)
EUR	400,000		1.750	%	11/19/30	$    376,332
(3 mo. EUR EURIBOR + 2.950%)
	2,100,000		5.000		09/05/30	2,318,962
(Secured Overnight Financing Rate + 1.870%)
$	275,000		2.129		11/24/26	261,000
HSBC Holdings PLC
	200,000		4.250		08/18/25	196,416
Huntington Bancshares, Inc.(b)(c) (Secured Overnight Financing Rate + 2.020%)
	500,000		6.208		08/21/29	510,355
ING Groep NV(b)(c) (Secured Overnight Financing Rate + 1.830%)
	400,000		4.017		03/28/28	385,696
JPMorgan Chase & Co.(b)(c)
(3 mo. EUR EURIBOR + 1.280%)
EUR	800,000		4.457		11/13/31	890,739
(Secured Overnight Financing Rate + 1.160%)
$	1,750,000		5.581		04/22/30	1,777,720
(Secured Overnight Financing Rate + 1.560%)
	3,125,000		4.323		04/26/28	3,047,375
Kreditanstalt fuer Wiederaufbau (g)
EUR	3,500,000		3.125		10/10/28	3,780,825
	4,070,000		2.625		04/26/29	4,306,812
Macquarie Group Ltd.(b)(c)(d)
(3 mo. USD LIBOR + 1.372%)
$	380,000		3.763		11/28/28	357,895
(Secured Overnight Financing Rate + 1.069%)
	400,000		1.340		01/12/27	374,472
Morgan Stanley(b)(c)
(Secured Overnight Financing Rate + 1.450%)
	1,150,000		5.173		01/16/30	1,146,539
(Secured Overnight Financing Rate + 1.590%)
	3,325,000		5.164		04/20/29	3,313,462
Permanent TSB Group Holdings PLC(b)(c) (1 yr. EURIBOR ICE Swap + 3.500%)
EUR	265,000		6.625		04/25/28	298,974
Santander U.K. Group Holdings PLC(b)(c) (1 yr. CMT + 1.250%)
$	1,000,000		1.532		08/21/26	951,780
Shinhan Bank Co. Ltd.(d)
	240,000		4.500		04/12/28	235,800
Societe Generale SA(b)(c)(d)
(1 yr. CMT + 1.100%)
	1,500,000		1.488		12/14/26	1,402,665
(1 yr. CMT + 2.100%)
	653,000		6.066		01/19/35	646,392
Standard Chartered PLC(b)(c)(d) (1 yr. CMT + 1.000%)
	1,550,000		1.456		01/14/27	1,450,800
Swedbank AB
EUR	950,000		1.300		02/17/27	957,936
Truist Financial Corp.(b)(c) (Secured Overnight Financing Rate + 2.050%)
$	225,000		6.047		06/08/27	226,580
U.S. Bancorp(b)(c)
(Secured Overnight Financing Rate + 1.560%)
	725,000		5.384		01/23/30	726,631

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
(Secured Overnight Financing Rate + 2.020%)
$	700,000		5.775	%	06/12/29	$    710,689
UBS AG
	1,000,000		2.950		04/09/25	979,860
UBS Group AG
	250,000		3.750		03/26/25	246,443
(1 yr. CMT + 1.520%)
	1,112,000		5.428	(b)(c)(d)	02/08/30	1,108,464
(1 yr. CMT + 1.770%)
	560,000		5.699	(b)(c)(d)	02/08/35	559,423
(-1X 1 yr. EURIBOR ICE Swap + 0.770%)
EUR	509,000		0.650	(b)(c)	01/14/28	504,307
(-1X 1 yr. EURIBOR ICE Swap + 1.050%)
	750,000		1.000	(b)(c)	06/24/27	759,823
(3 mo. USD LIBOR + 1.410%)
$	2,800,000		3.869	(b)(c)(d)	01/12/29	2,640,904
(Secured Overnight Financing Rate + 1.560%)
	2,000,000		2.593	(b)(c)(d)	09/11/25	1,987,040
	250,000		2.593	(b)(c)	09/11/25	248,380
Wells Fargo & Co.(b)(c)
(3 mo. USD Term SOFR + 1.432%)
	325,000		2.879		10/30/30	288,142
(Secured Overnight Financing Rate + 1.500%)
	175,000		5.198		01/23/30	174,248
Westpac Banking Corp.(b)(c) (5 yr. CMT + 1.350%)
	1,200,000		2.894		02/04/30	1,176,420
						73,060,137
Beverages(c) – 0.9%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.
	1,850,000		4.700		02/01/36	1,762,810
Anheuser-Busch InBev Worldwide, Inc.
	300,000		4.750		01/23/29	298,245
Bacardi Ltd.(d)
	1,200,000		4.700		05/15/28	1,166,808
Coca-Cola Consolidated, Inc.
	325,000		5.450		06/01/34	327,899
Constellation Brands, Inc.
	1,500,000		4.400		11/15/25	1,479,780
	25,000		4.650		11/15/28	24,462
Keurig Dr Pepper, Inc.
	776,000		4.417		05/25/25	768,690
						5,828,694
Biotechnology(c) – 0.7%
Amgen, Inc.
	650,000		5.150		03/02/28	649,948
	1,450,000		5.250		03/02/30	1,460,672
	258,000		4.200		03/01/33	238,983
	1,275,000		5.250		03/02/33	1,271,239
Royalty Pharma PLC
	650,000		5.400		09/02/34	632,723
						4,253,565

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Building Materials(c) – 0.1%
Carrier Global Corp.
$	145,000		2.493	%	02/15/27	$    135,771
	325,000		5.900		03/15/34	339,417
						475,188
Chemicals(c) – 0.6%
Celanese U.S. Holdings LLC
EUR	850,000		5.337		01/19/29	953,711
$	850,000		6.330		07/15/29	874,446
DuPont de Nemours, Inc.
	600,000		4.493		11/15/25	591,936
International Flavors & Fragrances, Inc.(d)
	450,000		1.230		10/01/25	425,732
	200,000		1.832		10/15/27	178,648
	600,000		2.300		11/01/30	500,328
Syngenta Finance NV(d)
	400,000		4.892		04/24/25	396,224
						3,921,025
Commercial Services – 0.3%
Ashtead Capital, Inc.(c)(d)
	425,000		5.800		04/15/34	421,974
Autostrade per l’Italia SpA(c)
EUR	575,000		4.750		01/24/31	629,326
DP World Crescent Ltd.
$	200,000		4.848		09/26/28	195,813
DP World Ltd.
	390,000		5.625		09/25/48	370,987
						1,618,100
Computers(c) – 0.3%
Dell International LLC/EMC Corp.
	893,000		6.020		06/15/26	902,403
	875,000		5.300		10/01/29	879,804
	75,000		6.200		07/15/30	78,696
						1,860,903
Diversified Financial Services(c) – 0.9%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
	244,000		3.000		10/29/28	221,759
	350,000		5.100		01/19/29	347,099
	208,000		3.300		01/30/32	178,743
Air Lease Corp.
	1,150,000		3.250		03/01/25	1,129,380
	575,000		2.875		01/15/26	551,655
	1,300,000		5.300		02/01/28	1,297,166
Ally Financial, Inc.
	650,000		7.100		11/15/27	676,949
American Express Co.
	255,000		2.500		07/30/24	255,000
Aviation Capital Group LLC(d)
	400,000		1.950		01/30/26	376,404
Capital One Financial Corp.
	505,000		3.300		10/30/24	500,733
						5,534,888

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Electrical – 0.7%
Ameren Corp.(c)
$	150,000		2.500	%	09/15/24	$    148,898
E.ON International Finance BV
GBP 417,000	6.375		06/07/32		563,675
Electricite de France SA(c)(d)
$	1,450,000		4.500		09/21/28	1,398,365
Enel Finance America LLC(c)(d)
	675,000		2.875		07/12/41	441,288
Enel SpA(b)(c)
(-1X 5 yr. EUR Swap + 1.719%)
EUR	523,000		1.375		06/08/27	503,452
(5 yr. EUR Swap + 2.580%)
	235,000		3.375		08/24/26	244,438
Exelon Corp.(c)
$	600,000		5.150		03/15/29	597,948
Sempra(c)
	700,000		3.400		02/01/28	658,483
						4,556,547
Electronics(c) – 0.2%
Allegion U.S. Holding Co., Inc.
	337,000		5.600		05/29/34	337,158
Amphenol Corp.
	253,000		5.250		04/05/34	252,302
Fortive Corp.
EUR	684,000		3.700		08/15/29	730,164
						1,319,624
Engineering & Construction(c) – 0.1%
Mexico City Airport Trust
$	540,000		3.875	(d)	04/30/28	506,925
	200,000		5.500	(d)	10/31/46	165,812
	200,000		5.500		07/31/47	165,688
						838,425
Entertainment(c) – 0.4%
Warnermedia Holdings, Inc.
	1,875,000		4.054		03/15/29	1,731,619
	975,000		4.279		03/15/32	850,765
						2,582,384
Environmental(c) – 0.2%
Veralto Corp.(d)
	1,050,000		5.350		09/18/28	1,054,179
Waste Management, Inc.
	216,000		4.875		02/15/34	211,535
						1,265,714
Food & Drug Retailing(c) – 0.6%
Campbell Soup Co.
	1,000,000		5.200		03/21/29	1,001,330
	1,000,000		5.400		03/21/34	993,960
General Mills, Inc.
EUR	487,000		3.650		10/23/30	521,376
J M Smucker Co.
$	1,225,000		5.900		11/15/28	1,261,725
						3,778,391

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Gas(c) – 0.1%
NiSource, Inc.
$	600,000		5.200	%	07/01/29	$    597,858
Healthcare Providers & Services(c) – 1.2%
American Medical Systems Europe BV
EUR	1,325,000		0.750		03/08/25	1,389,806
	579,000		3.375		03/08/29	614,394
GE HealthCare Technologies, Inc.
$	321,000		5.905		11/22/32	331,256
HCA, Inc.
	250,000		3.375		03/15/29	229,713
	1,575,000		3.625		03/15/32	1,387,039
Humana, Inc.
	547,000		5.375		04/15/31	543,997
Quest Diagnostics, Inc.
	343,000		6.400		11/30/33	367,161
Solventum Corp.(d)
	975,000		5.400		03/01/29	971,987
Stryker Corp.
EUR	325,000		3.375		12/11/28	345,877
UnitedHealth Group, Inc.
$	1,775,000		4.250		01/15/29	1,729,098
	38,000		4.200		05/15/32	35,749
						7,946,077
Insurance – 0.2%
Aviva PLC(b)(c) (5 yr. U.K. Government Bond + 2.850%)
GBP	450,000		6.125		11/14/36	573,390
Corebridge Global Funding(d)
$	925,000		5.200		06/24/29	921,531
						1,494,921
Internet – 0.7%
Booking Holdings, Inc.(c)
EUR	729,000		3.500		03/01/29	781,871
Expedia Group, Inc.(c)
$	1,150,000		3.250		02/15/30	1,036,943
Netflix, Inc.
EUR	1,800,000		4.625		05/15/29	2,013,899
Prosus NV(c)
$	350,000		3.257		01/19/27	326,742
	210,000		3.680	(d)	01/21/30	186,309
	200,000		4.027	(d)	08/03/50	136,625
	200,000		3.832	(d)	02/08/51	131,688
						4,614,077
Iron/Steel(c) – 0.2%
Steel Dynamics, Inc.
	1,275,000		1.650		10/15/27	1,137,224
Vale Overseas Ltd.
	350,000		6.400		06/28/54	344,246
						1,481,470
Lodging(c) – 0.6%
Choice Hotels International, Inc.
	350,000		5.850		08/01/34	344,715
Hyatt Hotels Corp.
	750,000		5.500		06/30/34	729,697

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Lodging(c) – (continued)
Marriott International, Inc.
$	515,000		5.000	%	10/15/27	$    513,620
	1,500,000		4.650		12/01/28	1,468,860
	375,000		4.900		04/15/29	371,010
	135,000		4.875		05/15/29	133,290
						3,561,192
Machinery-Diversified(c) – 0.1%
AGCO Corp.
	265,000		5.800		03/21/34	263,845
Otis Worldwide Corp.
	225,000		5.250		08/16/28	226,143
						489,988
Media(c) – 0.2%
Charter Communications Operating LLC/Charter Communications Operating Capital
	784,000		4.908		07/23/25	777,312
Comcast Corp.
	300,000		4.150		10/15/28	290,511
						1,067,823
Mining(c) – 0.4%
Glencore Finance Europe Ltd.
GBP	125,000		3.125		03/26/26	152,270
Glencore Funding LLC(d)
$	455,000		1.625		04/27/26	425,370
	775,000		4.875		03/12/29	763,972
	1,150,000		5.371		04/04/29	1,144,181
						2,485,793
Miscellaneous Manufacturing – 0.2%
GE Capital Funding LLC(c)
	1,500,000		4.550		05/15/32	1,430,700
General Electric Co.
	43,000		6.750		03/15/32	47,094
						1,477,794
Multi-National – 2.6%
African Export-Import Bank(c)(d)
	390,000		2.634		05/17/26	365,231
	360,000		3.798		05/17/31	307,019
Asian Development Bank
GBP	4,200,000		1.125		06/10/25	5,123,767
European Investment Bank
EUR	1,240,000		0.875		01/14/28	1,236,866
	3,500,000		3.000		11/15/28	3,760,359
	4,410,000		2.250		03/15/30	4,560,093
FMS Wertmanagement (g)
GBP	1,100,000		1.375		03/07/25	1,357,248
						16,710,583
Oil & Gas(c) – 0.2%
Eni SpA(b) (-1X 5 yr. EUR Swap + 3.167%)
EUR	375,000		2.625		10/13/25	390,060

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Oil & Gas(c) – (continued)
Occidental Petroleum Corp.
$	750,000		8.500	%	07/15/27	$    803,175
						1,193,235
Oil Field Services – 0.6%
BP Capital Markets PLC
EUR	300,000		1.594		07/03/28	298,824
Diamondback Energy, Inc.(c)
$	491,000		6.250		03/15/33	513,601
	501,000		5.400		04/18/34	495,915
Pertamina Persero PT
	200,000		6.500		05/27/41	212,625
QatarEnergy(c)(d)
	820,000		3.300		07/12/51	572,975
TotalEnergies SE(b)(c) (5 yr. EUR Swap + 3.350%)
EUR	300,000		3.369		10/06/26	314,056
Wintershall Dea Finance BV(c)
	1,300,000		1.332		09/25/28	1,246,538
						3,654,534
Packaging(c)(d) – 0.0%
Smurfit Kappa Treasury ULC
$	200,000		5.200		01/15/30	198,946
Pharmaceuticals(c) – 1.0%
AbbVie, Inc.
	1,350,000		2.600		11/21/24	1,335,460
	325,000		3.200		11/21/29	298,295
	359,000		4.950		03/15/31	358,056
Bayer U.S. Finance II LLC(d)
	1,000,000		4.250		12/15/25	978,550
Becton Dickinson & Co.
EUR	185,000		0.034		08/13/25	190,015
	575,000		3.828		06/07/32	618,777
Bristol-Myers Squibb Co.
$	325,000		3.400		07/26/29	302,819
	633,000		5.200		02/22/34	631,810
Cardinal Health, Inc.
	345,000		5.125		02/15/29	344,210
Cigna Group
	300,000		4.375		10/15/28	291,294
	714,000		5.400		03/15/33	716,492
CVS Health Corp.
	325,000		4.780		03/25/38	290,179
McKesson Corp.
EUR	125,000		1.500		11/17/25	130,060
Pfizer Investment Enterprises Pte. Ltd.
$	188,000		4.750		05/19/33	183,166
						6,669,183
Pipelines – 0.8%
Abu Dhabi Crude Oil Pipeline LLC(d)
	1,260,000		4.600		11/02/47	1,129,275
Enbridge, Inc.(c)
	350,000		6.000		11/15/28	360,405
	700,000		5.700		03/08/33	705,642
Energy Transfer LP(c)
	750,000		6.100		12/01/28	772,350

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Pipelines – (continued)
$	250,000		5.250	%	04/15/29	$    249,618
	500,000		6.400		12/01/30	525,430
Galaxy Pipeline Assets Bidco Ltd.
	200,000		2.625	(d)	03/31/36	162,938
	567,784		2.940		09/30/40	457,066
Sabine Pass Liquefaction LLC(c)
	600,000		5.625		03/01/25	598,824
Williams Cos., Inc.(c)
	350,000		2.600		03/15/31	295,949
						5,257,497
Real Estate(c) – 0.5%
Blackstone Property Partners Europe Holdings SARL
EUR	350,000		1.750		03/12/29	330,250
	325,000		3.625		10/29/29	332,184
CBRE Services, Inc.
$	258,000		5.500		04/01/29	259,001
	600,000		5.950		08/15/34	607,230
Logicor Financing SARL
EUR	600,000		2.250		05/13/25	630,863
	550,000		3.250		11/13/28	557,804
	325,000		1.625		01/17/30	298,697
						3,016,029
Real Estate Investment Trust(c) – 0.4%
American Homes 4 Rent LP
$	125,000		2.375		07/15/31	101,525
	375,000		5.500		07/15/34	368,385
Kilroy Realty LP
	200,000		6.250		01/15/36	189,792
NNN REIT, Inc.
	400,000		5.600		10/15/33	398,220
Realty Income Corp.
	900,000		4.625		11/01/25	889,416
	300,000		2.100		03/15/28	268,788
WEA Finance LLC/Westfield U.K. & Europe Finance PLC(d)
	400,000		3.750		09/17/24	396,696
WP Carey, Inc.
	170,000		4.000		02/01/25	167,895
						2,780,717
Retailing(c) – 0.4%
AutoNation, Inc.
	200,000		1.950		08/01/28	173,354
CK Hutchison International 20 Ltd.(d)
	200,000		2.500		05/08/30	172,882
CK Hutchison International 23 Ltd.(d)
	350,000		4.750		04/21/28	345,349
Dollar Tree, Inc.
	650,000		4.000		05/15/25	640,490
Lowe’s Cos., Inc.
	378,000		5.000		04/15/33	372,179
	625,000		5.150		07/01/33	621,894
						2,326,148

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Semiconductors(c) – 0.5%
Broadcom, Inc.
$	325,000		4.300	%	11/15/32	$    303,752
	175,000		3.469	(d)	04/15/34	149,142
	2,784,000		3.137	(d)	11/15/35	2,228,926
	350,000		4.926	(d)	05/15/37	329,080
Micron Technology, Inc.
	125,000		6.750		11/01/29	132,918
						3,143,818
Software(c) – 0.9%
Constellation Software, Inc.(d)
	438,000		5.158		02/16/29	437,952
Fidelity National Information Services, Inc.
EUR	550,000		0.625		12/03/25	564,284
Fiserv, Inc.
$	237,000		3.500		07/01/29	219,168
Oracle Corp.
	1,550,000		2.875		03/25/31	1,338,936
	450,000		6.250		11/09/32	476,415
	500,000		4.900		02/06/33	485,255
	850,000		3.950		03/25/51	628,328
	900,000		6.900		11/09/52	1,005,993
	525,000		5.550		02/06/53	496,498
Take-Two Interactive Software, Inc.
	300,000		5.400		06/12/29	301,752
Workday, Inc.
	125,000		3.700		04/01/29	117,333
						6,071,914
Telecommunication Services – 1.5%
AT&T, Inc.(c)
	300,000		4.300		02/15/30	287,415
EUR	307,000		1.800		09/14/39	245,528
$	350,000		4.750		05/15/46	302,981
	280,000		3.650		06/01/51	197,730
Deutsche Telekom International Finance BV
	250,000		8.750		06/15/30	291,393
Rogers Communications, Inc.(c)
	1,074,000		5.000		02/15/29	1,060,865
Telefonica Emisiones SA
GBP	450,000		5.445		10/08/29	576,456
T-Mobile USA, Inc.(c)
$	500,000		3.500		04/15/25	491,605
	656,000		3.750		04/15/27	630,593
	300,000		4.750		02/01/28	295,446
	1,225,000		3.875		04/15/30	1,145,216
	1,675,000		2.550		02/15/31	1,421,857
	375,000		2.700		03/15/32	313,567
	1,525,000		5.200		01/15/33	1,509,231
Verizon Communications, Inc.
	300,000		4.329		09/21/28	291,675
	325,000		4.016	(c)	12/03/29	307,106
	350,000		2.355	(c)	03/15/32	286,048
						9,654,712

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Trucking & Leasing(c)(d) – 0.1%
Penske Truck Leasing Co. LP/PTL Finance Corp.
$	500,000		5.250	%	07/01/29	$    495,925
Water – 0.2%
Thames Water Utilities Finance PLC
GBP	150,000		4.000		06/19/25	170,583
Veolia Environnement SA(c)
EUR	1,300,000		1.940		01/07/30	1,277,307
						1,447,890
TOTAL CORPORATE OBLIGATIONS (Cost $219,431,790)						$212,895,449
Sovereign Debt Obligations – 25.9%
British Pound – 0.9%
State of North Rhine-Westphalia
GBP	400,000		2.125	%	06/13/25	$491,876
U.K. Gilts
	1,990,000		3.500		01/22/45	2,141,847
	840,000		1.500		07/31/53	535,859
	220,000		1.750		07/22/57	145,981
	2,130,000		3.500		07/22/68	2,179,928
						5,495,491
Canadian Dollar – 1.4%
Province of British Columbia
CAD	2,600,000		2.850		06/18/25	1,873,053
	2,000,000		4.950		06/18/40	1,555,352
Province of Ontario
	1,700,000		2.600		06/02/25	1,222,601
	2,300,000		4.650		06/02/41	1,736,151
Province of Quebec
GBP	2,390,000		2.250		09/15/26	2,862,524
						9,249,681
Colombia Peso – 0.1%
Colombia TES
COP	897,700,000		13.250		02/09/33	245,649
	890,400,000		9.250		05/28/42	177,474
						423,123
Euro – 7.2%
European Financial Stability Facility (g)
EUR	1,170,000		0.875		04/10/35	996,433
European Union
	820,000		0.200		06/04/36	621,786
Finland Government Bonds
	1,190,000		1.500		09/15/32	1,138,538
French Republic Government Bonds OAT
	7,350,000		3.500		11/25/33	8,037,810
	1,760,000		1.250		05/25/34	1,568,987
	1,030,000		4.500		04/25/41	1,236,629
	310,000		3.250		05/25/45	315,222
	210,000		2.000		05/25/48	166,804
	800,000		1.750		05/25/66	527,422

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Sovereign Debt Obligations – (continued)
Euro – (continued)
Indonesia Government International Bonds(d)
EUR	240,000		2.150	%	07/18/24	$    256,288
Ireland Government Bonds
	430,000		0.200		10/18/30	392,335
	920,000		0.350		10/18/32	806,152
Italy Buoni Poliennali Del Tesoro
	5,400,000		0.000	(h)	08/01/26	5,393,986
	3,220,000		0.900		04/01/31	2,877,292
	1,680,000		6.000		05/01/31	2,050,347
	1,130,000		3.250		03/01/38	1,083,554
	1,370,000		4.450		09/01/43	1,464,752
	1,170,000		2.150		09/01/52	798,307
	357,000		4.500		10/01/53	378,735
	100,000		2.800		03/01/67	75,092
Kingdom of Belgium Government Bonds
	1,690,000		0.350		06/22/32	1,473,680
	250,000		2.150		06/22/66	192,720
Netherlands Government Bonds
	709,181		2.500		07/15/34	738,110
	673,445		0.000	(h)	01/15/38	486,784
	838,544		3.750		01/15/42	995,413
	687,236		2.000		01/15/54	605,129
Portugal Obrigacoes do Tesouro OT
	1,200,000		1.950		06/15/29	1,234,879
Region Wallonne Belgium
	1,300,000		2.875		01/14/38	1,270,888
Republic of Austria Government Bonds
	1,270,000		0.000	(h)	10/20/28	1,203,001
	280,000		2.100		09/20/17	216,521
	280,000		0.850	(j)	06/30/20	127,410
Romania Government Bonds
RON	1,375,000		6.700		02/25/32	293,397
Romania Government International Bonds
EUR	630,000		2.124		07/16/31	543,343
	400,000		3.375	(d)	01/28/50	284,471
Spain Government Bonds
	870,000		1.250		10/31/30	834,073
	3,430,000		2.550		10/31/32	3,493,035
	650,000		0.850		07/30/37	498,748
	700,000		2.900		10/31/46	643,850
	1,110,000		3.450		07/30/66	1,053,605
						46,375,528
Indonesian Rupiah – 0.1%
Indonesia Treasury Bonds
IDR	2,324,000,000		6.500		02/15/31	137,309
	7,391,000,000		6.375		04/15/32	433,756
						571,065
Israeli Shekel – 0.2%
Israel Government Bonds
ILS	2,430,000		2.000		03/31/27	603,415
	2,500,000		1.300		04/30/32	511,854
						1,115,269

Principal Amount		Interest Rate			Maturity Date	Value
Sovereign Debt Obligations – (continued)
Japanese Yen – 14.0%
Japan Government Forty Year Bonds
JPY	712,600,000		1.000	%	03/20/62	$  2,992,796
Japan Government Ten Year Bonds
	2,015,900,000		0.100		06/20/30	12,133,992
	2,089,600,000		0.100		09/20/31	12,376,032
Japan Government Thirty Year Bonds
	721,900,000		1.400		09/20/52	3,792,925
Japan Government Twenty Year Bonds
	903,000,000		1.100		09/20/42	5,048,639
Japan Government Two Year Bonds
	3,572,400,000		0.005		07/01/24	22,203,990
	780,250,000		0.005		09/01/24	4,849,344
	1,892,350,000		0.005		01/01/25	11,756,352
Japan Treasury Discount Bills (h)
	2,304,450,000		0.000		08/05/24	14,322,854
						89,476,924
Peruvian Nuevo Sol – 0.1%
Peru Government Bonds
PEN	1,550,000		5.940		02/12/29	404,398
Singapore Dollar – 0.1%
Singapore Government Bonds
SGD	1,320,000		3.375		09/01/33	987,119
South Korean Won – 0.5%
Korea Treasury Bonds
KRW	2,598,070,000		1.875		06/10/29	1,769,958
	2,641,660,000		1.375		12/10/29	1,739,695
						3,509,653
Thailand Baht – 0.1%
Thailand Government Bonds
THB	6,350,000		2.650		06/17/28	174,057
	6,710,000		2.875		12/17/28	185,662
	3,240,000		3.350		06/17/33	92,863
	70,000		3.390		06/17/37	2,006
	7,490,000		3.450		06/17/43	210,204
						664,792
United States Dollar – 1.2%
Chile Government International Bonds(c)
$	430,000		3.100		05/07/41	314,855
Export-Import Bank of Korea
	390,000		5.000		01/11/28	391,661
	330,000		5.125		01/11/33	331,544
Hungary Government International Bonds
	2,040,000		6.125		05/22/28	2,078,250
Korea Hydro & Nuclear Power Co. Ltd.(d)
	630,000		4.250		07/27/27	612,675
Mexico Government International Bonds(c)
	1,521,000		3.771		05/24/61	935,415
	360,000		3.750		04/19/71	216,180
Panama Government International Bonds(c)
	200,000		6.875		01/31/36	195,688
Peru Government International Bonds(c)
	10,000		2.780		12/01/60	5,609
	100,000		3.230	(k)	07/28/21	56,250

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Sovereign Debt Obligations – (continued)
United States Dollar – (continued)
Philippines Government International Bonds
$	470,000		3.700	%	03/01/41	$    380,752
Republic of Poland Government International Bonds(c)
	600,000		5.125		09/18/34	590,340
	650,000		5.500		03/18/54	630,552
Romania Government International Bonds
	240,000		3.000	(d)	02/27/27	223,200
	70,000		6.375		01/30/34	70,294
Saudi Government International Bonds
	830,000		4.875		07/18/33	810,287
Uruguay Government International Bonds(c)
	90,000		4.375		01/23/31	87,570
						7,931,122
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $195,352,768)						$166,204,165
Asset-Backed Securities(c) – 14.2%
Automotive – 3.1%
Bank of America Auto Trust Series 2023-2A, Class A2(d)
$	1,058,623		5.850	%	08/17/26	$1,059,252
Ford Credit Auto Lease Trust Series 2024-A, Class A2A
	3,525,000		5.240		07/15/26	3,517,071
Ford Credit Auto Owner Trust Series 2023-C, Class A2A
	2,048,236		5.680		09/15/26	2,048,285
Ford Credit Auto Owner Trust Series 2024-1, Class A(e)(d)
	1,625,000		4.870		08/15/36	1,610,812
GM Financial Consumer Automobile Receivables Trust Series 2023-4, Class A2A
	1,213,485		5.890		11/16/26	1,214,623
GMF Floorplan Owner Revolving Trust Series 2023-1, Class A1(d)
	1,500,000		5.340		06/15/28	1,501,838
Hyundai Auto Lease Securitization Trust Series 2024-A, Class A2A(d)
	2,574,020		5.150		06/15/26	2,566,115
Mercedes-Benz Auto Receivables Trust Series 2023-2, Class A2
	169,702		5.920		11/16/26	169,913
Nissan Auto Lease Trust Series 2024-A, Class A2A
	3,400,000		5.110		10/15/26	3,387,707
Nissan Auto Receivables Owner Trust Series 2023-B, Class A3
	425,000		5.930		03/15/28	428,868
Santander Drive Auto Receivables Trust Series 2023-6, Class A2
	1,108,080		6.080		05/17/27	1,109,515
Santander Drive Auto Receivables Trust Series 2024-1, Class A2
	1,091,020		5.710		02/16/27	1,090,488
						19,704,487
Collateralized Loan Obligations(d) – 6.7%
1988 CLO 4 Ltd. Series 2024-4A, Class D(b) (3 mo. USD Term SOFR + 4.250%)
	1,575,000		9.550		04/15/37	1,594,078
1988 CLO 5 Ltd. Series 2024-5A, Class A1(b) (3 mo. USD Term SOFR + 1.540%)
	1,275,000		6.865		07/15/37	1,275,000

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(c) – (continued)
Collateralized Loan Obligations(d) – (continued)
AGL CLO 3 Ltd. Series 2020-3A, Class A(b) (3 mo. USD Term SOFR + 1.562%)
$	2,100,000		6.890	%	01/15/33	$  2,102,545
Apidos CLO XXIII Ltd. Series 2015-23A, Class AR(b) (3 mo. USD Term SOFR + 1.482%)
	2,100,000		6.810		04/15/33	2,100,000
ARES LXIV CLO Ltd. Series 2022-64A, Class A1(b) (3 mo. USD Term SOFR +1.440%)
	3,225,000		6.769		04/15/35	3,226,877
Bain Capital Credit CLO Ltd. Series 2020-1A, Class A1R(b) (3 mo. USD Term SOFR + 1.250%)
	2,575,000		6.573		04/18/33	2,586,129
Barings CLO Ltd. Series 2022-4A, Class A(b) (3 mo. USD Term SOFR + 1.990%)
	1,275,000		7.315		10/20/34	1,279,422
Carlyle U.S. CLO Ltd. Series 2024-2A, Class B(b) (3 mo. USD Term SOFR + 2.050%)
	1,900,000		7.375		04/25/37	1,903,667
Elmwood CLO IV Ltd. Series 2020-1A, Class AR(b) (3 mo. USD Term SOFR + 1.460%)
	5,300,000		6.783		04/18/37	5,328,954
Golub Capital Partners CLO 74 B Ltd. Series 2024-74A, Class A(b) (3 mo. USD Term SOFR + 1.500%)
	1,375,000		6.815		07/25/37	1,377,230
Jamestown CLO XII Ltd. Series 2019-1A, Class A2BR(b) (3 mo. USD Term SOFR + 1.850%)
	1,650,000		7.175		04/20/32	1,654,151
JP Morgan Mortgage Trust Series 2023-HE3, Class A1(b) (1 mo. USD Term SOFR + 1.600%)
	553,985		6.934		05/25/54	557,453
Mountain View CLO LLC Series 2016-1A, Class AR(b) (3 mo. USD Term SOFR + 1.622%)
	1,800,000		6.950		04/14/33	1,801,800
Mountain View CLO XV Ltd. Series 2019-2A, Class A1R(b) (3 mo. USD Term SOFR + 1.670%)
	1,225,000		7.002		07/15/37	1,231,247
Neuberger Berman Loan Advisers CLO 45 Ltd. Series 2021-45A, Class A(b) (3 mo. USD Term SOFR + 1.392%)
	740,000		6.720		10/14/35	740,590
New Mountain CLO 1 Ltd. Series CLO-1A, Class AR(b) (3 mo. USD Term SOFR + 1.462%)
	1,150,000		6.790		10/15/34	1,150,571
Oaktree CLO Ltd. Series 2021-1A, Class A1(b) (3 mo. USD Term
SOFR + 1.422%)
	5,000,000		6.750		07/15/34	5,000,400
OZLM XIV Ltd. Series 2015-14A, Class CRR(b) (3 mo. USD Term SOFR + 3.652%)
	1,700,000		8.980		07/15/34	1,703,261
Regatta XI Funding Ltd. Series 2018-1A, Class BR(b) (-1X 3 mo. USD Term SOFR + 1.750%)
	1,475,000		1.000		07/17/37	1,475,000
Sunnova Hestia I Issuer LLC Series 2023-GRID1, Class 1A
	167,312		5.750		12/20/50	168,304
Venture 36 CLO Ltd. Series 2019-36A, Class D(b) (3 mo. USD Term SOFR + 4.412%)
	900,000		9.736		04/20/32	893,658

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(c) – (continued)
Collateralized Loan Obligations(d) – (continued)
Voya CLO Ltd. Series 2019-1A, Class AR(b) (3 mo. USD Term SOFR + 1.322%)
$	1,439,685		6.650	%	04/15/31	$  1,441,838
Voya CLO Ltd. Series 2019-2A, Class AR(b) (3 mo. USD Term SOFR + 1.200%)
	2,625,000		6.525		07/20/32	2,625,756
						43,217,931
Credit Card – 1.5%
American Express Credit Account Master Trust Series 2022-2,
	Class A
	1,975,000		3.390		05/15/27	1,939,991
Barclays Dryrock Issuance Trust Series 2023-1, Class A
	1,500,000		4.720		02/15/29	1,486,648
Barclays Dryrock Issuance Trust Series 2023-2, Class A(b) (1 mo. USD Term SOFR + 0.900%)
	2,600,000		6.233		08/15/28	2,615,219
Capital One Multi-Asset Execution Trust Series 2022-A2, Class A
	2,000,000		3.490		05/15/27	1,965,939
Citibank Credit Card Issuance Trust Series 2023-A1, Class A1
	1,275,000		5.230		12/08/27	1,272,451
						9,280,248
Student Loan(b)(d) – 2.9%
Apidos CLO XV Ltd. Series 2013-15A, Class A1RR (3 mo. USD Term SOFR + 1.272%)
	1,682,690		6.596		04/20/31	1,684,025
Bain Capital Credit CLO Ltd. Series 2023-3A, Class A (3 mo. USD Term SOFR + 1.800%)
	1,650,000		7.123		07/24/36	1,666,167
Balboa Bay Loan Funding Ltd. Series 2023-1A, Class AR (3 mo. USD Term SOFR + 1.420%)
	2,975,000		6.745		04/20/36	2,988,715
ECMC Group Student Loan Trust Series 2017-1A, Class A (1 mo. USD Term SOFR + 1.314%)
	2,119,316		6.650		12/27/66	2,116,610
Navient Student Loan Trust Series 2017-2A, Class A (1 mo. USD Term SOFR + 1.164%)
	3,175,629		6.500		12/27/66	3,184,449
Palmer Square Loan Funding Ltd. Series 2022-3A, Class A1BR (3 mo. USD Term SOFR + 1.400%)
	1,500,000		6.729		04/15/31	1,501,324
PHEAA Student Loan Trust Series 2016-1A, Class A (1 mo. USD Term SOFR + 1.264%)
	808,685		6.600		09/25/65	809,798
Silver Point CLO 4 Ltd. Series 2024-4A, Class A1 (3 mo. USD Term SOFR + 1.630%)
	4,500,000		6.887		04/15/37	4,540,257
						18,491,345
TOTAL ASSET-BACKED SECURITIES (Cost $90,326,976)						$ 90,694,011
U.S. Treasury Obligations – 1.2%
U.S. Treasury Bonds
$	3,560,000		2.375	%	11/15/49	$  2,364,063

Principal Amount		Interest Rate			Maturity Date	Value
U.S. Treasury Obligations – (continued)
$	2,440,000		4.750	%	11/15/53	$  2,523,112
U.S. Treasury Inflation-Indexed Bonds
	2,046,079		1.500		02/15/53	1,719,586
U.S. Treasury Notes
	1,574,700		0.625		05/15/30	1,272,800
TOTAL U.S. TREASURY OBLIGATIONS (Cost $7,793,725)						$  7,879,561
Shares		Description				Value
Exchange Traded Funds – 0.1%
	3,755		Vanguard Intermediate-Term Corporate Bond ETF			$    300,137
(Cost $306,202)
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS – 108.5% (Cost $736,193,701)						$695,403,559
Principal Amount		Interest Rate			Maturity Date	Value
Short-term Investments(d)(h) – 0.7%
Certificates of Deposit(d)(h) – 0.7%
Bayer Corp.
$	4,300,000		0.000	%	07/15/24	$  4,288,642
(Cost $4,290,970)
TOTAL SHORT-TERM INVESTMENTS (Cost $4,290,970)						$  4,288,642
TOTAL INVESTMENTS – 109.2% (Cost $740,484,671)						$699,692,201
LIABILITIES IN EXCESS OF  OTHER ASSETS – ( 9.2)%						(58,950,753)
NET ASSETS – 100.0%						$640,741,448

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)	Exempt from registration under Rule 144A of the Securities Act of 1933.
(e)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(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 $80,684,532 which represents approximately 12.7% of net assets as of June 30, 2024.
(g)	Guaranteed by a foreign government until maturity. Total market value of these securities amounts to $10,441,318, which represents approximately 1.7% of the Fund’s net assets as of June 30, 2024.
(h)	Issued with a zero coupon. Income is recognized through the accretion of discount.
(j)	Actual maturity date is June 30, 2120.
(k)	Actual maturity date is July 28, 2121.

GOLDMAN SACHS GLOBAL CORE FIXED 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
JPMorgan Securities, Inc.	AUD	10,415,421		USD	6,916,498		09/18/24	$	45,930
	CAD	1,814,986		EUR	1,219,000		09/18/24		18,694
	CAD	717,890		USD	524,004		07/26/24		1,073
	CHF	771,731		EUR	802,000		09/18/24		5,041
	EUR	2,652,924		CHF	2,500,837		09/18/24		41,714
	EUR	657,429		USD	704,842		07/30/24		259
	IDR	18,052,813,318		USD	1,094,977		09/18/24		6,852
	INR	61,396,381		USD	735,462		07/22/24		420
	USD	2,228,250		AUD	3,318,515		09/18/24		9,912
	USD	5,804,405		CHF	5,143,889		09/18/24		23,857
	USD	2,933,213		CNH	21,170,165		09/19/24		15,337
	USD	408,416		COP	1,614,629,165		08/08/24		22,003
	USD	85,569,410		EUR	79,161,125		07/30/24		668,035
	USD	1,325,108		EUR	1,228,000		09/18/24		4,922
	USD	1,827,857		GBP	1,437,128		09/18/24		10,117
	USD	2,177,671		IDR	35,426,781,255		09/12/24		15,075
	USD	1,167,469		ILS	4,304,468		08/22/24		25,245
	USD	99,907,095		JPY	15,521,166,357		07/29/24		2,996,204
	USD	3,821,346		KRW	5,232,759,550		09/12/24		14,512
	USD	2,770,903		NZD	4,518,346		09/18/24		18,812
	USD	416,171		PEN	1,556,646		09/12/24		11,181
	USD	713,879		PLN	2,873,719		09/18/24		709
	USD	3,327,999		SEK	34,564,418		09/18/24		53,572
	USD	1,002,902		SGD	1,345,883		07/05/24		10,124
	USD	783,853		THB	28,548,157		09/18/24		886
	ZAR	6,416,243		USD	349,370		09/18/24		1,166
TOTAL								$	4,021,652

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS

Counterparty	Currency Purchased		Currency Sold			Settlement Date		Unrealized Loss
JPMorgan Securities, Inc.	CAD	1,106,388		USD	810,272		09/18/24	$	(9	)
	CHF	6,637,762		EUR	6,993,624		09/18/24		(59,316	)
	CHF	769,778		USD	868,000		09/18/24		(2,947	)
	CLP	124,095,796		USD	131,865		09/23/24		(68	)
	EUR	642,000		PLN	2,798,061		09/18/24		(4,200	)
	EUR	1,813,933		USD	1,969,012		07/30/24		(23,544	)
	EUR	4,688,609		USD	5,076,771		09/18/24		(36,188	)
	GBP	1,142,532		USD	1,452,058		07/02/24		(7,766	)

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS (continued)

Counterparty	Currency Purchased			Currency Sold			Settlement Date		Unrealized Loss
JPMorgan Securities, Inc. (continued)		GBP	1,374,553		USD	1,753,751		09/18/24	$	(15,158	)
		JPY	4,040,417,844		USD	25,304,355		07/29/24		(76,838	)
		JPY	682,988,388		USD	4,354,041		08/05/24		(85,505	)
		JPY	408,682,324		USD	2,639,443		09/18/24		(68,272	)
		NOK	27,721,092		USD	2,605,859		09/18/24		(4,399	)
		NZD	1,421,688		AUD	1,317,000		09/18/24		(14,440	)
		PLN	3,438,841		USD	859,976		09/18/24		(6,559	)
		SGD	2,104,489		USD	1,561,288		09/18/24		(3,469	)
		USD	6,324,819		CAD	8,679,580		07/31/24		(24,174	)
		USD	4,030,190		CAD	5,518,341		09/18/24		(11,165	)
		USD	13,854,036		EUR	12,933,201		07/30/24		(16,996	)
		USD	1,746,173		EUR	1,626,000		09/18/24		(1,891	)
		USD	19,484,425		GBP	15,423,349		07/02/24		(12,456	)
		USD	18,352,428		GBP	14,524,761		09/27/24		(20,295	)
		USD	2,539,586		INR	212,781,144		09/18/24		(6,008	)
		USD	1,172,379		MXN	22,190,758		09/18/24		(25,629	)
		USD	1,820,916		ZAR	33,641,115		09/18/24		(16,984	)
TOTAL									$	(544,276	)

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	$	(1,000,000)	$	(872,377)
Government National Mortgage Association		3.000		TBA - 30yr	07/15/24		(1,000,000)		(871,987)
Government National Mortgage Association		4.000		TBA - 30yr	07/15/24		(2,000,000)		(1,848,271)
Government National Mortgage Association		4.500		TBA - 30yr	07/15/24		(16,000,000)		(15,209,134)
Government National Mortgage Association		5.000		TBA - 30yr	07/15/24		(2,000,000)		(1,947,285)
Uniform Mortgage-Backed Security		2.000		TBA - 30yr	07/15/24		(14,000,000)		(10,949,532)
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		(7,000,000)		(6,598,319)
(PROCEEDS RECEIVED: $(42,187,266))								$	(41,956,280)

(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 Australian Bonds	54	09/16/24	$	4,091,139	$	(2,590	)
10 Year U.K. Long Gilt	67	09/26/24		8,263,658		21,063
10 Year U.S. Treasury Notes	103	09/19/24		11,328,391		(30,774	)
2 Year German Euro-Schatz	35	09/06/24		3,961,981		19,304

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

FUTURES CONTRACTS (continued)

Description	Number of Contracts	Expiration Date	Notional Amount			Unrealized Appreciation/ (Depreciation)
Long position contracts:
20 Year U.S. Treasury Bonds	165	09/19/24	$	19,521,563		$	78,987
3 Year Australian Bonds	71	09/16/24		4,994,865			(16,019	)
30 Year German Euro-Buxl	38	09/06/24		5,300,262			63,385
5 Year German Euro-Bund	84	09/06/24		11,840,514			115,919
5 Year U.S. Treasury Notes	696	09/30/24		74,178,375			439,700
Euro BTP	18	09/06/24		2,222,458			(24,317	)
Euro-Bobl	108	09/06/24		13,467,759			128,220
French Government Bonds	15	09/06/24		1,977,831			(25,083	)
Montreal Exchange 10 Year Canadian Bonds	171	09/18/24		15,008,201			94,865
Ultra Long U.S. Treasury Bonds	90	09/19/24		11,280,938			(9,227	)
Total						$	853,433
Short position contracts:
2 Year U.S. Treasury Notes	(332)	09/30/24		(67,800,625	)		(177,756	)
Ultra 10-Year U.S. Treasury Note	(154)	09/19/24		(17,483,812	)		(151,428	)
Total						$	(329,184	)
TOTAL FUTURES CONTRACTS						$	524,249

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

OVER THE COUNTER INTEREST RATE SWAP CONTRACTS

Payments Made by the Fund(a)	Payments Received by the Fund(a)	Counterparty	Termination Date		Notional Amount (000s)		Value			Upfront Payments (Received) Paid			Unrealized Appreciation/ (Depreciation)
3M KLIBOR	3.271	Bank of America Securities LLC		12/21/31	MYR	1,540	$	(10,670	)	$	—		$	(10,670	)
3M KLIBOR	3.735	Citibank NA		07/14/32		1,950		(1,310	)		—			(1,310	)
3M KLIBOR	3.750	Citibank NA		12/21/32		3,450		(2,602	)		(40,886	)		38,284
3M KLIBOR	3.680	MS & Co. Int. PLC		07/12/32		1,940		(2,928	)		—			(2,928	)
TOTAL							$	(17,510	)	$	(40,886	)	$	23,376

(a) Payments made quarterly.

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)
3M EURO(a)	1.750%(b)	09/21/24	EUR	2,880	$	23,664		$	(991	)	$	24,655
1M BID Average(c)	12.060(c)	01/02/25	BRL	9,890		(9,408	)		106,201			(115,609	)
1M BID Average(c)	12.063(c)	01/02/25		11,420		8,633			122,145			(113,512	)
1M BID Average(c)	10.850(c)	01/02/26		38,810		(118,719	)		9,195			(127,914	)

GOLDMAN SACHS GLOBAL CORE FIXED 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)
9.750%(c)	1M BID Average(c)	01/02/26	BRL	3,790		$	17,183		$	11,516		$	5,667
6M EURO(d)	2.250%(d)	02/17/26	EUR	31,960	(e)		(198,287	)		(84,555	)		(113,732	)
3.750(d)	12M SOFR(d)	02/18/26	$	27,520	(e)		160,808			110,527			50,281
4.223(d)	12M SOFR(d)	04/11/26		11,600	(e)		3,366			(96	)		3,462
4.426(d)	12M SOFR(d)	04/16/26		15,780	(e)		(26,730	)		6,200			(32,930	)
2.980(d)	6M EURO(f)	04/24/26	EUR	29,720	(e)		(4,924	)		(111,288	)		106,364
4.172(d)	12M SOFR(d)	05/20/26	$	9,310	(e)		513			621			(108	)
6M CLICP(f)	4.500(f)	06/21/26	CLP	756,520			(12,252	)		(7,777	)		(4,475	)
12M SOFR(b)	4.730(b)	06/30/26	$	47,000	(e)		197,579			17,795			179,784
10.000(c)	Mexico Interbank TIIE 28 Days(c)	09/16/26	MXN	11,510	(e)		696			4,182			(3,486	)
3M CNY(a)	1.750(a)	09/18/26	CNY	87,180	(e)		(10,451	)		(18,579	)		8,128
3.750(b)	12M SOFR(b)	09/18/26	$	43,450	(e)		532,545			505,211			27,334
3M STIBOR(a)	3.000(b)	09/18/26	SEK	632,180	(e)		269,412			519			268,893
6M CDOR(f)	3.500(f)	09/18/26	CAD	56,600	(e)		(230,053	)		(219,925	)		(10,128	)
4.000(a)	3M AUDOR(a)	09/18/26	AUD	173,580	(e)		711,075			(258,666	)		969,741
6M GBP(b)	4.000(b)	09/18/26	GBP	53,810	(e)		(457,368	)		(469,667	)		12,299
3M NIBOR(f)	4.250(b)	09/18/26	NOK	533,510	(e)		(62,840	)		78,312			(141,152	)
1.250(b)	6M CHFOR(b)	09/18/26	CHF	28,460	(e)		(253,782	)		(166,025	)		(87,757	)
2.250(b)	6M EURO(b)	09/18/26	EUR	4,110	(e)		53,238			47,034			6,204
6.500(f)	6M MIBOR(f)	09/18/26	INR	265,670	(e)		614			796			(182	)
4.250(b)	6M PRIBO(f)	09/18/26	CZK	70,370	(e)		(17,960	)		(17,586	)		(374	)
5.500(b)	6M WIBOR(f)	09/18/26	PLN	13,660	(e)		(16,851	)		(10,650	)		(6,201	)
4.250(b)	12M SOFR(b)	09/26/26	$	7,170	(e)		18,380			8,222			10,158
4.000(a)	3M AUDOR(a)	09/26/26	AUD	9,460	(e)		38,150			11,978			26,172
3.000(b)	6M EURO(f)	09/26/26	EUR	5,820	(e)		8,421			1			8,420
4.250(b)	6M GBP(b)	09/26/26	GBP	5,280	(e)		12,099			(346	)		12,445
10.286(c)	1M BID Average(c)	01/04/27	BRL	8,240			51,290			—			51,290
12M SOFR(b)	3.350(b)	10/06/27	$	82,060	(e)		(746,016	)		(268,096	)		(477,920	)
12M SOFR(b)	3.804(b)	04/13/28		24,800	(e)		28,681			6,750			21,931
6M EURO(f)	2.500(b)	05/14/28	EUR	33,240	(e)		(101,957	)		(49,834	)		(52,123	)
2.500(b)	6M EURO(f)	09/18/28		1,510	(e)		21,813			22,162			(349	)
12M SOFR(b)	3.696(b)	09/22/28	$	56,690	(e)		8,384			(120,467	)		128,851
4.301(b)	12M SOFR(b)	11/30/28		92,020	(e)		(878,046	)		(24,331	)		(853,715	)
11.500(c)	1M BID Average(c)	01/02/29	BRL	6,450			18,124			(27,638	)		45,762
10.250(c)	1M BID Average(c)	01/02/29		38,590			366,487			251,667			114,820
6M JYOR(b)	0.500(b)	09/18/29	JPY	12,678,800	(e)		—			—			—
3.500(b)	12M SOFR(b)	09/18/29	$	1,800	(e)		39,068			34,034			5,034
3M CNY(a)	2.000(a)	09/18/29	CNY	473,970	(e)		193,629			(109,785	)		303,414
6M THOR(a)	2.500(a)	09/18/29	THB	103,100	(e)		10,248			(3,392	)		13,640
3M STIBOR(a)	2.750(b)	09/18/29	SEK	77,710	(e)		76,587			73,978			2,609
6M CDOR(f)	3.000(f)	09/18/29	CAD	4,850	(e)		(56,183	)		(59,497	)		3,314
6M GBP(b)	3.750(b)	09/18/29	GBP	8,000	(e)		(68,919	)		(68,410	)		(509	)
3M NIBOR(f)	4.000(b)	09/18/29	NOK	131,840	(e)		55,846			119,537			(63,691	)
3M NZDOR(a)	4.500(f)	09/18/29	NZD	14,450	(e)		42,909			3,183			39,726
4.250(f)	6M AUDOR(f)	09/18/29	AUD	1,280	(e)		4,859			1,205			3,654
2.250(b)	6M EURO(b)	09/18/29	EUR	15,900	(e)		305,799			295,310			10,489
2.500(b)	6M EURO(f)	09/18/29		3,360	(e)		53,198			52,818			380
6M JYOR(b)	6M JYOR(b)	09/18/29	JPY	12,678,800	(e)		895,641			820,758			74,883
6.500(f)	6M MIBOR(f)	09/18/29	INR	193,310	(e)		(8,189	)		(4,386	)		(3,803	)
12M SOFR(b)	4.024(b)	04/16/30	$	27,330	(e)		233,147			(117,477	)		350,624
6M EURO(f)	2.710(b)	04/24/30	EUR	22,940	(e)		(11,082	)		(54,311	)		43,229
2.500(b)	6M EURO(f)	09/18/31		960	(e)		18,981			17,725			1,256
2.680(b)	12M SOFR(b)	07/28/32	$	14,780	(e)		617,630			209,644			407,986

GOLDMAN SACHS GLOBAL CORE FIXED 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)
6M EURO(f)	3.000%(b)		11/10/33		EUR	10,810	(e)	$	115,968		$	87,430		$	28,538
6M EURO(b)	2.370(b)		01/19/34			21,760	(e)		(357,391	)		(19,742	)		(337,649	)
2.535%(b)	6M EURO(f)		01/19/34			21,760	(e)		301,170			21,838			279,332
12M SOFR(b)	3.789(b)		05/21/34		$	15,600	(e)		(12,351	)		5,807			(18,158	)
5.000(f)	6M CLICP(f)		06/21/34		CLP	210,740			6,589			5,137			1,452
9.250(c)	Mexico Interbank TIIE 28 Days(c)		09/06/34		MXN	7,170	(e)		2,441			8,895			(6,454	)
6M CHFOR(b)	1.250(b)		09/18/34		CHF	3,270	(e)		94,291			37,249			57,042
3M JIBAR(a)	10.000(a)		09/18/34		ZAR	8,600	(e)		21,426			11,660			9,766
3.750(b)	12M SOFR(b)		09/18/34		$	1,000	(e)		—			10,799			(10,799	)
6M EURO(f)	2.500(b)		09/18/34		EUR	5,500	(e)		(158,289	)		(144,498	)		(13,791	)
3M STIBOR(a)	2.750(b)		09/18/34		SEK	37,600	(e)		54,207			56,870			(2,663	)
6M CDOR(f)	3.250(f)		09/18/34		CAD	1,410	(e)		(13,120	)		(15,775	)		2,655
3.750(b)	3M NIBOR(f)		09/18/34		NOK	21,270	(e)		2,182			(12,228	)		14,410
4.750(f)	3M NZDOR(a)		09/18/34		NZD	660	(e)		(8,815	)		(8,830	)		15
6M PRIBO(f)	4.000(b)		09/18/34		CZK	17,640	(e)		7,651			(815	)		8,466
6M WIBOR(f)	5.500(b)		09/18/34		PLN	1,310	(e)		9,847			6,339			3,508
4.500(f)	6M AUDOR(f)		09/18/34		AUD	300	(e)		794			101			693
3.500(b)	6M GBP(b)		09/18/34		GBP	900	(e)		31,529			30,694			835
3M KWCDC(a)	3.250(a)		09/19/34		KRW	11,072,660	(e)		77,064			(41,944	)		119,008
3.992(b)	12M SOFR(b)		04/16/35		$	15,080	(e)		(185,114	)		84,495			(269,609	)
2.740(b)	6M EURO(f)		04/24/35		EUR	12,250	(e)		35,158			(56,782	)		91,940
3.240(b)	12M SOFR(b)		10/06/35		$	18,970	(e)		841,655			60,243			781,412
3.781(b)	12M SOFR(b)		09/22/36			12,780	(e)		19,925			189,730			(169,805	)
12M SOFR(b)	2.910(b)		07/28/37			37,860	(e)		(1,280,467	)		(527,965	)		(752,502	)
6M EURO(f)	2.152(b)		08/09/37		EUR	11,010	(e)		(332,948	)		(1,028,371	)		695,423
12M SOFR(b)	3.391(b)		05/10/38		$	6,480	(e)		(118,115	)		(185,616	)		67,501
6M EURO(f)	3.000(b)		01/25/39		EUR	12,150	(e)		36,620			33,014			3,606
1.451(b)	6M EURO(f)		08/10/42			28,020	(e)		1,192,120			(865,101	)		2,057,221
2.500(b)	6M EURO(f)		01/25/44			29,050	(e)		17,313			(6,117	)		23,430
2.500(b)	6M EURO(f)		09/18/44			350	(e)		14,672			12,932			1,740
2.080(b)	12M SOFR(b)		07/28/47		$	37,570	(e)		1,169,904			587,457			582,447
6M EURO(f)	1.051(b)		08/11/47		EUR	16,400	(e)		(541,617	)		(1,250,249	)		708,632
6M EURO(f)	2.000(b)		01/25/49			17,330	(e)		(9,569	)		(16,284	)		6,715
2.564(b)	12M SOFR(b)		05/11/53		$	6,270	(e)		161,446			(7,820	)		169,266
2.000(b)	6M EURO(f)		05/17/53		EUR	7,200	(e)		115,767			38,063			77,704
2.500(b)	6M EURO(f)		11/10/53			5,840	(e)		(189,995	)		(262,455	)		72,460
3.380(b)	12M SOFR(b)		04/11/54		$	6,850	(e)		2,322			(4,129	)		6,451
3.343(b)	12M SOFR(b)		05/20/54			8,920	(e)		19,142			8,472			10,670
2.500(b)	6M EURO(f)		09/18/54		EUR	4,460	(e)		25,951			(1,599	)		27,550
TOTAL								$	2,978,043		$	(2,483,644	)	$	5,461,687

(a) Payments made quarterly.

(b) Payments made annually.

(c) Payments made at monthly.

(d) Payments made at maturity.

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

(f) Payments made semi-annually.

GOLDMAN SACHS GLOBAL CORE FIXED INCOME 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%		JPMorgan Securities, Inc.		12/15/56	$	3,400	$	(473,738	)	$	(434,550	)	$	(39,188	)

(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 Purchased:
BASF SE, 1.750%, 3/11/25		(1.000)%		0.404%		06/20/29	EUR	1,079	$	(32,332	)	$	(32,258	)	$	(74	)
Continental AG, 0.375%, 6/27/25		(1.000)		1.059		06/20/29		1,442		3,654			(14,123	)		17,777
ICE CD ITXEB 41		(1.000)		0.609		06/20/29		—		—			(46	)		46
ICE CD ITXES 41		(1.000)		0.717		06/20/29		5,568		(78,719	)		(110,022	)		31,303
Next Group PLC, 3.625%, 5/18/28		(1.000)		0.566		06/20/29		920		(20,058	)		(20,966	)		908
Protection Sold:
Alstom SA, 0.250%, 10/15/26		1.000		1.192		06/20/29		1,139		(10,283	)		(46,492	)		36,209
CDX.NA.IG Index 39		1.000		0.390		12/20/27	$	34,218		681,085			622,659			58,426
CDX.NA.IG Index 40		1.000		0.422		06/20/28		8,143		173,494			104,942			68,552
CDX.NA.IG Index 41		1.000		0.479		12/20/28		4,508		96,177			46,616			49,561
CDX.NA.IG Index 42		1.000		0.538		06/20/29		42,270		876,278			863,083			13,195
Republic of Chile, 2.15%, 2/06/2028		1.000		0.579		06/20/29		1,250		23,872			26,020			(2,148	)
Republic of Indonesia, 2.150%, 7/28/2031		1.000		0.783		06/20/29		1,740		17,245			19,965			(2,720	)
Republic of Peru, 8.75%, 11/21/2033		1.000		0.773		06/20/29		1,150		11,945			17,632			(5,687	)
Stellantis NV, 2.000%, 3/20/25		5.000		0.987		12/20/28	EUR	886		159,442			152,655			6,787
TOTAL									$	1,901,800		$	1,629,665		$	272,135

(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.

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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
7M IRS	BNP Paribas SA		2.250%		11/10/2025		26,650,000	$	26,650,000		$	60,358		$	70,079		$	(9,721	)
1Y IRS	Capital Securities Corp.		2.500		05/29/2025		25,770,000		25,770,000			46,837			33,774			13,063
6M IRS	Capital Securities Corp.		2.375		11/28/2025		26,120,000		26,120,000			72,879			58,205			14,674
1Y IRS	Citibank NA		2.500		05/09/2025		26,250,000		26,250,000			42,666			52,936			(10,270	)
Total purchased option contracts							104,790,000	$	104,790,000		$	222,740		$	214,994		$	7,746
Written option contracts
Calls
7M IRS	BNP Paribas SA		2.316		11/10/2025		(2,960,000)		(2,960,000	)		(56,182	)		(69,998	)		13,816
1M IRS	BofA Securities LLC		2.773		07/26/2024		(3,770,000)		(3,770,000	)		(21,916	)		(31,056	)		9,140
1Y IRS	Capital Securities Corp.		2.333		05/29/2025		(2,870,000)		(2,870,000	)		(39,194	)		(33,771	)		(5,423	)
6M IRS	Capital Securities Corp.		2.398		11/28/2025		(2,910,000)		(2,910,000	)		(64,225	)		(58,173	)		(6,052	)
1M IRS	Citibank NA		2.796		07/10/2024		(3,700,000)		(3,700,000	)		(14,648	)		(29,207	)		14,559
1M IRS	Citibank NA		2.738		07/17/2024		(3,770,000)		(3,770,000	)		(12,909	)		(31,394	)		18,485
1M IRS	Citibank NA		3.915		07/29/2024		(3,910,000)		(3,910,000	)		(360	)		(36,027	)		35,667
1Y IRS	Citibank NA		2.355		05/09/2025		(2,920,000)		(2,920,000	)		(39,125	)		(52,894	)		13,769
1M IRS	Deutsche Bank AG (London)		3.860		07/17/2024		(3,930,000)		(3,930,000	)		(18,293	)		(36,795	)		18,502
1M IRS	MS & Co. Int. PLC		4.065		07/10/2024		(3,860,000)		(3,860,000	)		(46,106	)		(32,738	)		(13,368	)
1M IRS	MS & Co. Int. PLC		3.830		07/24/2024		(3,910,000)		(3,910,000	)		(19,362	)		(34,701	)		15,339
1M IRS	UBS AG (London)		2.764		07/03/2024		(3,710,000)		(3,710,000	)		(3,862	)		(29,248	)		25,386
							(42,220,000)	$	(42,220,000	)	$	(336,182	)	$	(476,002	)	$	139,820
Puts
1M IRS	BofA Securities LLC		2.773		07/26/2024		(3,770,000)		(3,770,000	)		(41,312	)		(31,056	)		(10,256	)
1M IRS	Citibank NA		2.796		07/10/2024		(3,700,000)		(3,700,000	)		(27,756	)		(29,207	)		1,451
1M IRS	Citibank NA		2.738		07/17/2024		(3,770,000)		(3,770,000	)		(45,687	)		(31,394	)		(14,293	)
1M IRS	Citibank NA		3.915		07/29/2024		(3,910,000)		(3,910,000	)		(360	)		(36,027	)		35,667
1M IRS	Deutsche Bank AG (London)		3.860		07/17/2024		(3,930,000)		(3,930,000	)		(45,697	)		(36,795	)		(8,902	)
1M IRS	MS & Co. Int. PLC		4.065		07/10/2024		(3,860,000)		(3,860,000	)		(9,501	)		(32,738	)		23,237
1M IRS	MS & Co. Int. PLC		3.830		07/24/2024		(3,910,000)		(3,910,000	)		(55,056	)		(34,701	)		(20,355	)
1M IRS	UBS AG (London)		2.764		07/03/2024		(3,710,000)		(3,710,000	)		(28,745	)		(29,248	)		503
							(30,560,000)	$	(30,560,000	)	$	(254,114	)	$	(261,166	)	$	7,052
Total written option contracts							(72,780,000)	$	(72,780,000	)	$	(590,296	)	$	(737,168	)	$	146,872
TOTAL							32,010,000	$	32,010,000		$	(367,556	)	$	(522,174	)	$	154,618

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

Currency Abbreviations:
AUD	— Australian Dollar
BRL	— Brazil Real
CAD	— Canadian Dollar
CHF	— Swiss Franc
CLP	— Chilean Peso
CNH	— Chinese Yuan Renminbi Offshore
CNY	— Chinese Yuan Renminbi
COP	— Colombia Peso
CZK	— Czech Republic Koruna
EUR	— Euro
GBP	— British Pound
IDR	— Indonesia Rupiah
ILS	— Israeli Shekel
INR	— Indian Rupee
JPY	— Japanese Yen
KRW	— South Korean Won
MXN	— Mexican Peso
MYR	— Malaysia Ringgit
NOK	— Norwegian Krone
NZD	— New Zealand Dollar
PEN	— Peru Nuevo Sol
PLN	— Polish Zloty
RON	— Romania New Leu
SEK	— Swedish Krona
SGD	— Singapore Dollar
THB	— Thailand Baht
USD	— U.S. Dollar
ZAR	— South African Rand
Investment Abbreviations:
CLO	— Collateralized Loan Obligation
CMT	— Constant Maturity Treasury Indexes
ETF	— Exchange Traded Fund
EURIBOR	— Euro Interbank Offered Rate
ICE	— Inter-Continental Exchange
LIBOR	— London Interbank Offered Rate
LLC	— Limited Liability Company
LP	— Limited Partnership
MTA	— Monthly Treasury Average
PLC	— Public Limited Company
REIT	— Real Estate Investment Trust
REMICS	— Real Estate Mortgage Investment Conduits
SOFR	— Secured Overnight Financing Rate
STACR	— Structured Agency Credit Risk

    

GOLDMAN SACHS GLOBAL CORE FIXED INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

Abbreviations:
1M IRS	— 1 Month Interest Rate Swaptions
1Y IRS	— 1 Year Interest Rate Swaptions
6M IRS	— 6 Month Interest Rate Swaptions
7M IRS	— 7 Month 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 39	— CDX North America Investment Grade Index 39
CDX.NA.IG Ind 40	— CDX North America Investment Grade Index 40
CDX.NA.IG Ind 41	— CDX North America Investment Grade Index 41
CDX.NA.IG Ind 42	— CDX North America Investment Grade Index 42
CHFOR	— Swiss Franc Offered Rate
CLICP	— Sinacofi Chile Interbank Rate
CMBX	— Commercial Mortgage Backed Securities Index
EURO	— Euro Offered Rate
ICE	— Inter-Continental Exchange
ICE CD ITXEB	— iTraxx Europe Index
JIBAR	— Johannesburg Interbank Agreed Rate
JYOR	— Japanese Yen Offered Rate
KLIBOR	— Kuala Lumpur Interbank Offered Rate
KWCDC	— South Korean Won Certificate of Deposit
MIBOR	— MIBOR - Mumbai Interbank 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
TIIE	— La Tasa de Interbank Equilibrium Interest Rate
WIBOR	— Warsaw Interbank Offered Rate

     

GOLDMAN SACHS INCOME FUND

Schedule of Investments

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – 74.3%
Advertising(a)(b) – 0.2%
Clear Channel Outdoor Holdings, Inc.
$	230,000		7.875	%	04/01/30	$     231,516
Aerospace & Defense – 0.7%
Boeing Co.(a)
	90,000		5.150		05/01/30	86,405
	25,000		3.250		02/01/35	19,096
	90,000		5.805		05/01/50	81,258
Bombardier, Inc.(a)(b)
	120,000		7.000		06/01/32	121,639
Howmet Aerospace, Inc.
	180,000		5.950		02/01/37	184,815
TransDigm, Inc.(a)
	30,000		4.625		01/15/29	28,032
	220,000		4.875		05/01/29	206,123
						727,368
Agriculture – 0.2%
MHP Lux SA
	200,000		6.950		04/03/26	165,000
Airlines(b) – 0.4%
Allegiant Travel Co.(a)
	110,000		7.250		08/15/27	104,889
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
	280,000		5.750		04/20/29	272,849
						377,738
Automotive – 2.5%
Dealer Tire LLC/DT Issuer LLC(a)(b)
	575,000		8.000		02/01/28	556,186
Ford Motor Co.
	185,000		4.750		01/15/43	149,780
Ford Motor Credit Co. LLC(a)
	200,000		5.850		05/17/27	200,184
	235,000		4.950		05/28/27	229,529
Forvia SE(a)
EUR	100,000		2.375		06/15/29	96,118
General Motors Co.(a)
$	135,000		6.125		10/01/25	135,687
General Motors Financial Co., Inc.(a)
	365,000		5.650		01/17/29	366,847
Hyundai Capital America(a)(b)
	370,000		6.200		09/21/30	384,241
Phinia, Inc.(a)(b)
	105,000		6.750		04/15/29	106,593
Schaeffler AG(a)
EUR	100,000		4.750		08/14/29	107,808
ZF Europe Finance BV(a)
	100,000		6.125		03/13/29	113,151
						2,446,124
Banks – 15.4%
Banco do Brasil SA(a)(c) (10 yr. CMT + 4.398%)
$	200,000		8.748		10/15/24	203,687
Banco Mercantil del Norte SA(a)(c) (10 yr. CMT + 5.353%)
	400,000		7.625		01/10/28	390,960

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
Banco Santander SA
$	600,000		2.749	%	12/03/30	$     499,464
	400,000		6.921		08/08/33	418,096
Bank of America Corp.(a)(c)
(3 mo. USD Term SOFR + 1.252%)
	345,000		2.496		02/13/31	298,108
(3 mo. USD Term SOFR + 1.332%)
	285,000		3.970		03/05/29	272,457
(3 mo. USD Term SOFR + 1.572%)
	340,000		4.271		07/23/29	327,529
(Secured Overnight Financing Rate + 1.220%)
	415,000		2.651		03/11/32	351,302
(Secured Overnight Financing Rate + 1.530%)
	470,000		1.898		07/23/31	386,876
(Secured Overnight Financing Rate + 1.630%)
	150,000		5.202		04/25/29	149,735
(Secured Overnight Financing Rate + 2.150%)
	515,000		2.592		04/29/31	445,120
Bank of New York Mellon Corp.(a)(c) (Secured Overnight Financing Rate + 1.755%)
	15,000		4.596		07/26/30	14,654
Barclays PLC(a)
	250,000		4.337		01/10/28	240,425
(Secured Overnight Financing Rate + 2.714%)
	225,000		2.852	(c)	05/07/26	219,355
BBVA Bancomer SA(a)(c) (5 yr. CMT + 2.650%)
	200,000		5.125		01/18/33	182,438
BNP Paribas SA (a)(b)(c) (Secured Overnight Financing Rate + 1.004%)
	200,000		1.323		01/13/27	186,744
Citigroup, Inc.
	635,000		4.125		07/25/28	609,124
(5 yr. CMT + 3.417%)
	260,000		3.875	(a)(c)	02/18/26	246,451
(Secured Overnight Financing Rate + 1.422%)
	370,000		2.976	(a)(c)	11/05/30	329,544
Citizens Financial Group, Inc.(a)(c) (5 yr. CMT + 5.313%)
	150,000		5.650		10/06/25	145,665
Fifth Third Bancorp (a)(c) (Secured Overnight Financing Rate + 2.127%)
	350,000		4.772		07/28/30	336,623
HSBC Holdings PLC (a)(c) (Secured Overnight Financing Rate + 1.538%)
	200,000		1.645		04/18/26	193,562
Itau Unibanco Holding SA(a)(c) (5 yr. CMT + 3.981%)
	200,000		7.721		12/12/24	199,938
JPMorgan Chase & Co.(a)(c)
(3 mo. USD Term SOFR + 1.207%)
	285,000		3.509		01/23/29	269,507
(3 mo. USD Term SOFR + 2.515%)
	335,000		2.956		05/13/31	293,591
(3 mo. USD Term SOFR + 3.125%)
	470,000		4.600		02/01/25	463,815
M&T Bank Corp. (a)(c) (Secured Overnight Financing Rate + 1.850%)
	475,000		5.053		01/27/34	439,479
Macquarie Bank Ltd.(a)(b)(c) (5 yr. CMT + 1.700%)
	635,000		3.052		03/03/36	528,453

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Banks – (continued)
Morgan Stanley(a)(c)
(3 mo. USD Term SOFR + 1.890%)
$	280,000		4.431	%	01/23/30	$     270,684
(Secured Overnight Financing Rate + 1.034%)
	405,000		1.794		02/13/32	325,515
(Secured Overnight Financing Rate + 1.143%)
	750,000		2.699		01/22/31	657,457
(Secured Overnight Financing Rate + 1.590%)
	125,000		5.164		04/20/29	124,566
(Secured Overnight Financing Rate + 1.610%)
	150,000		4.210		04/20/28	145,839
PNC Financial Services Group, Inc.(a)(c) (5 yr. CMT + 3.238%)
	510,000		6.200		09/15/27	508,970
Royal Bank of Canada(a)(c) (5 yr. CMT + 2.887%)
	485,000		7.500		05/02/84	500,408
State Street Corp.(a)(c) (5 yr. CMT + 2.613%)
	245,000		6.700		03/15/29	246,007
Truist Financial Corp.(a)(c)
(10 yr. CMT + 4.349%)
	561,000		5.100		03/01/30	526,498
(5 yr. CMT + 3.003%)
	255,000		4.800		09/01/24	250,474
(Secured Overnight Financing Rate + 2.050%)
	25,000		6.047		06/08/27	25,176
U.S. Bancorp(a)(c) (5 yr. CMT + 2.541%)
	285,000		3.700		01/15/27	257,902
UBS Group AG
	250,000		4.550		04/17/26	245,720
(1 yr. CMT + 1.100%)
	435,000		2.746	(a)(b)(c)	02/11/33	355,656
(5 yr. CMT + 3.098%)
	353,000		3.875	(a)(b)(c)	06/02/26	325,879
(5 yr. CMT + 4.745%)
	200,000		9.250	(a)(b)(c)	11/13/28	214,790
Wells Fargo & Co.
	230,000		4.300		07/22/27	223,965
	95,000		4.150	(a)	01/24/29	91,313
(5 yr. CMT + 3.453%)
	260,000		3.900	(a)(c)	03/15/26	248,971
(5 yr. CMT + 3.606%)
	400,000		7.625	(a)(c)	09/15/28	426,300
(Secured Overnight Financing Rate + 2.100%)
	390,000		4.897	(a)(c)	07/25/33	375,433
Yapi ve Kredi Bankasi AS(a)(b)(c) (5 yr. CMT + 5.278%)
	200,000		9.250		01/17/34	205,125
						15,195,350
Beverages(a) – 0.8%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.
	390,000		4.700		02/01/36	371,619
Constellation Brands, Inc.
	100,000		3.150		08/01/29	90,719
Keurig Dr Pepper, Inc.
	421,000		3.200		05/01/30	379,502
						841,840

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Biotechnology(a) – 0.5%
Amgen, Inc.
$	115,000		5.250	%	03/02/30	$     115,846
	375,000		5.250		03/02/33	373,894
						489,740
Building Materials(a) – 1.1%
Carrier Global Corp.
	410,000		2.722		02/15/30	362,112
Cornerstone Building Brands, Inc.(b)
	255,000		6.125		01/15/29	209,681
Johnson Controls International PLC/Tyco Fire & Security Finance SCA
	270,000		4.900		12/01/32	263,372
Standard Industries, Inc.(b)
	230,000		4.375		07/15/30	207,784
						1,042,949
Chemicals(a)(b) – 2.2%
Avient Corp.
	180,000		7.125		08/01/30	183,190
Axalta Coating Systems LLC
	325,000		3.375		02/15/29	291,479
Chemours Co.
	315,000		4.625		11/15/29	271,184
Ingevity Corp.
	190,000		3.875		11/01/28	172,594
International Flavors & Fragrances, Inc.
	540,000		2.300		11/01/30	450,295
Minerals Technologies, Inc.
	325,000		5.000		07/01/28	308,418
Olympus Water U.S. Holding Corp.
	245,000		7.250		06/15/31	243,648
WR Grace Holdings LLC
	230,000		5.625		08/15/29	211,474
						2,132,282
Coal(a) – 0.0%
Teck Resources Ltd.
	25,000		3.900		07/15/30	23,195
Commercial Services – 2.1%
Adani Ports & Special Economic Zone Ltd.(a)
	350,000		4.000		07/30/27	322,984
Alarm.com Holdings, Inc.(d)
	15,000		0.000		01/15/26	13,688
APi Group DE, Inc.(a)(b)
	365,000		4.125		07/15/29	332,092
	50,000		4.750		10/15/29	46,655
APX Group, Inc.(a)(b)
	305,000		5.750		07/15/29	292,608
CoStar Group, Inc.(a)(b)
	75,000		2.800		07/15/30	63,436
Garda World Security Corp.(a)(b)
	75,000		7.750		02/15/28	76,459
Quanta Services, Inc.(a)
	61,000		2.900		10/01/30	53,714
Verisure Midholding AB(a)
EUR	380,000		5.250		02/15/29	397,133

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Commercial Services – (continued)
VT Topco, Inc.(a)(b)
$	411,000		8.500	%	08/15/30	$     431,505
Wand NewCo 3, Inc.(a)(b)
	5,000		7.625		01/30/32	5,165
						2,035,439
Computers(a) – 0.8%
Dell International LLC/EMC Corp.
	71,000		6.020		06/15/26	71,748
	270,000		5.300		10/01/29	271,482
KBR, Inc.(b)
	110,000		4.750		09/30/28	102,966
McAfee Corp.(b)
	250,000		7.375		02/15/30	230,832
Virtusa Corp.(b)
	95,000		7.125		12/15/28	88,356
						765,384
Distribution & Wholesale(a)(b) – 0.2%
BCPE Empire Holdings, Inc.
	195,000		7.625		05/01/27	188,748
Diversified Financial Services(a) – 5.0%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
	175,000		6.500		07/15/25	176,509
AG Issuer LLC(b)
	350,000		6.250		03/01/28	342,191
AG TTMT Escrow Issuer LLC(b)
	45,000		8.625		09/30/27	46,616
Air Lease Corp.
	75,000		2.875		01/15/26	71,955
	245,000		3.750		06/01/26	236,672
Ally Financial, Inc.(c) (7 yr. CMT + 3.481%)
	295,000		4.700		05/15/28	236,354
Aviation Capital Group LLC(b)
	75,000		1.950		01/30/26	70,576
Avolon Holdings Funding Ltd.(b)
	75,000		2.875		02/15/25	73,489
	50,000		4.250		04/15/26	48,549
Charles Schwab Corp.(c)
(5 yr. CMT + 3.256%)
	265,000		5.000		06/01/27	253,785
(5 yr. CMT + 4.971%)
	245,000		5.375		06/01/25	242,293
Discover Financial Services(c) (3 mo. USD Term SOFR + 3.338%)
	290,000		5.500		10/30/27	250,070
Freedom Mortgage Holdings LLC(b)
	340,000		9.250		02/01/29	340,078
Macquarie Airfinance Holdings Ltd.(b)
	25,000		6.400		03/26/29	25,444
	155,000		8.125		03/30/29	164,024
Midcap Financial Issuer Trust(b)
	200,000		6.500		05/01/28	188,904
Nationstar Mortgage Holdings, Inc.(b)
	200,000		5.500		08/15/28	192,312

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Diversified Financial Services(a) – (continued)
Navient Corp.
$	300,000		5.500	%	03/15/29	$     273,732
	205,000		9.375		07/25/30	215,498
OneMain Finance Corp.
	250,000		4.000		09/15/30	214,525
Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc.(b)
	160,000		6.375		02/01/27	153,728
StoneX Group, Inc.(b)
	130,000		7.875		03/01/31	134,096
United Wholesale Mortgage LLC(b)
	265,000		5.500		11/15/25	263,423
	210,000		5.500		04/15/29	199,437
VFH Parent LLC/Valor Co.-Issuer, Inc.(b)
	125,000		7.500		06/15/31	125,586
VistaJet Malta Finance PLC/Vista Management Holding, Inc.(b)
	460,000		7.875		05/01/27	406,396
						4,946,242
Electrical(a) – 1.6%
AES Panama Generation Holdings SRL
	386,052		4.375		05/31/30	334,321
American Electric Power Co., Inc.
	325,000		2.300		03/01/30	276,712
NextEra Energy Operating Partners LP(b)
	165,000		7.250		01/15/29	169,278
Pacific Gas & Electric Co.
	25,000		2.100		08/01/27	22,578
	355,000		2.500		02/01/31	292,719
Pike Corp.(b)
	445,000		5.500		09/01/28	426,564
Vistra Operations Co. LLC(b)
	60,000		4.300		07/15/29	56,702
						1,578,874
Electronics(a)(b) – 0.3%
Imola Merger Corp.
	375,000		4.750		05/15/29	350,805
Engineering & Construction(a) – 1.2%
Aeropuerto Internacional de Tocumen SA(b)
	210,000		4.000		08/11/41	158,616
Arcosa, Inc.(b)
	190,000		4.375		04/15/29	176,223
Global Infrastructure Solutions, Inc.(b)
	280,000		5.625		06/01/29	263,572
	85,000		7.500		04/15/32	83,127
IHS Netherlands Holdco BV
	200,000		8.000		09/18/27	194,187
Mexico City Airport Trust
	400,000		5.500		10/31/46	331,625
						1,207,350
Entertainment(a)(b) – 0.6%
Cinemark USA, Inc.
	311,000		5.250		07/15/28	297,120
SeaWorld Parks & Entertainment, Inc.
	290,000		5.250		08/15/29	273,856
						570,976

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Environmental(a)(b) – 1.1%
GFL Environmental, Inc.
$	340,000		4.000	%	08/01/28	$    315,289
Madison IAQ LLC
	265,000		4.125		06/30/28	247,200
Waste Pro USA, Inc.
	535,000		5.500		02/15/26	526,900
						1,089,389
Food & Drug Retailing – 0.9%
H-Food Holdings LLC/Hearthside Finance Co., Inc.(a)(b)
	230,000		8.500		06/01/26	16,903
Kraft Heinz Foods Co.
	155,000		6.875		01/26/39	171,994
	351,000		5.500	(a)	06/01/50	335,436
U.S. Foods, Inc.(a)(b)
	205,000		4.625		06/01/30	190,775
United Natural Foods, Inc.(a)(b)
	180,000		6.750		10/15/28	162,353
						877,461
Hand/Machine Tools(a) – 0.1%
Regal Rexnord Corp.
	105,000		6.300		02/15/30	107,199
Healthcare Providers & Services(a) – 1.8%
CAB SELAS(b)
EUR	150,000		3.375		02/01/28	143,251
DaVita, Inc.(b)
$	305,000		3.750		02/15/31	260,348
LifePoint Health, Inc.(b)
	335,000		5.375		01/15/29	293,380
	140,000		11.000		10/15/30	154,304
Medline Borrower LP(b)
	400,000		3.875		04/01/29	368,312
	275,000		5.250		10/01/29	262,092
Tenet Healthcare Corp.
	145,000		6.125		10/01/28	144,221
	155,000		6.125		06/15/30	154,037
						1,779,945
Home Builders(a) – 0.6%
KB Home
	185,000		7.250		07/15/30	190,474
LGI Homes, Inc.(b)
	435,000		4.000		07/15/29	377,371
						567,845
Household Products(a)(b) – 0.0%
Kronos Acquisition Holdings, Inc.
	45,000		8.250		06/30/31	45,084
Housewares(a) – 0.2%
Scotts Miracle-Gro Co.
	250,000		4.000		04/01/31	215,615
Insurance(a) – 2.0%
Acrisure LLC/Acrisure Finance, Inc.(b)
	70,000		8.250		02/01/29	70,503
	200,000		4.250		02/15/29	181,778
	445,000		6.000		08/01/29	411,741

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Insurance(a) – (continued)
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer(b)
$	180,000		6.750	%	10/15/27	$    177,217
American International Group, Inc.
	305,000		3.400		06/30/30	277,501
AssuredPartners, Inc.(b)
	110,000		5.625		01/15/29	102,928
BroadStreet Partners, Inc.(b)
	510,000		5.875		04/15/29	475,626
Equitable Holdings, Inc.
	60,000		4.350		04/20/28	58,082
HUB International Ltd.(b)
	115,000		7.375		01/31/32	116,664
USI, Inc.(b)
	90,000		7.500		01/15/32	91,489
						1,963,529
Internet(a) – 1.1%
ANGI Group LLC(b)
	194,000		3.875		08/15/28	166,615
Expedia Group, Inc.
	72,000		4.625		08/01/27	70,675
	326,000		2.950		03/15/31	282,244
Match Group Holdings II LLC(b)
	145,000		5.625		02/15/29	139,331
	110,000		3.625		10/01/31	93,185
Meta Platforms, Inc.
	80,000		5.750		05/15/63	82,261
Prosus NV(b)
EUR	120,000		2.031		08/03/32	104,248
United Group BV(b)
	175,000		4.625		08/15/28	180,195
						1,118,754
Investment Companies(a)(b) – 0.4%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
$	201,000		9.750		01/15/29	208,648
JAB Holdings BV
	250,000		2.200		11/23/30	201,253
						409,901
Iron/Steel(a) – 0.2%
Metinvest BV
	200,000		8.500		04/23/26	160,000
Leisure Time(a)(b) – 0.7%
Carnival Corp.
	60,000		7.000		08/15/29	62,198
MajorDrive Holdings IV LLC
	315,000		6.375		06/01/29	296,437
Royal Caribbean Cruises Ltd.
	65,000		6.250		03/15/32	65,491
TUI Cruises GmbH
EUR	212,190		6.500		05/15/26	230,204
						654,330

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Lodging(a) – 0.9%
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.(b)
$	350,000		5.000	%	06/01/29	$    326,379
Marriott International, Inc.
	75,000		5.000		10/15/27	74,799
	185,000		4.900		04/15/29	183,032
	58,000		4.875		05/15/29	57,265
Marriott Ownership Resorts, Inc.(b)
	262,000		4.500		06/15/29	240,644
						882,119
Machinery - Construction & Mining(a)(b) – 0.2%
Vertiv Group Corp.
	255,000		4.125		11/15/28	238,086
Machinery-Diversified(a) – 0.9%
Husky Injection Molding Systems Ltd./Titan Co.-Borrower LLC(b)
	225,000		9.000		02/15/29	232,998
Otis Worldwide Corp.
	245,000		2.565		02/15/30	214,973
TK Elevator Holdco GmbH(b)
	428,000		7.625		07/15/28	425,415
						873,386
Media – 2.9%
Altice Financing SA(a)(b)
	200,000		5.000		01/15/28	151,670
AMC Networks, Inc.(a)(b)
	80,000		10.250		01/15/29	78,792
CCO Holdings LLC/CCO Holdings Capital Corp.(a)(b)
	575,000		4.750		02/01/32	470,879
Charter Communications Operating LLC/Charter Communications Operating Capital(a)
	170,000		3.750		02/15/28	158,092
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.(a)(b)
	370,000		5.875		08/15/27	348,185
DISH DBS Corp.(a)(b)
	110,000		5.250		12/01/26	86,892
DISH Network Corp.(a)(b)
	170,000		11.750		11/15/27	166,996
iHeartCommunications, Inc.(a)
	290,000		8.375		05/01/27	103,852
Sinclair Television Group, Inc.(a)(b)
	170,000		5.125		02/15/27	150,494
Sirius XM Radio, Inc.(b)
	635,000		3.875		09/01/31	518,306
Townsquare Media, Inc.(a)(b)
	325,000		6.875		02/01/26	320,154
Ziggo Bond Co. BV(a)(b)
EUR	300,000		3.375		02/28/30	269,979
						2,824,291
Miscellaneous Manufacturing – 0.4%
General Electric Co.
$	95,000		5.875		01/14/38	97,626

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Miscellaneous Manufacturing – (continued)
Hillenbrand, Inc.(a)
$	84,000		6.250	%	02/15/29	$     84,463
	235,000		3.750		03/01/31	204,079
						386,168
Oil & Gas(a)(b) – 0.3%
CNX Resources Corp.
	75,000		7.250		03/01/32	76,382
Matador Resources Co.
	110,000		6.500		04/15/32	110,077
Permian Resources Operating LLC
	83,000		5.875		07/01/29	81,832
						268,291
Oil Field Services – 4.0%
Cenovus Energy, Inc.
	11,000		6.750		11/15/39	11,868
Civitas Resources, Inc.(a)(b)
	205,000		5.000		10/15/26	199,715
	55,000		8.375		07/01/28	57,707
Crescent Energy Finance LLC(a)(b)
	305,000		7.375		01/15/33	305,653
Ecopetrol SA(a)
	240,000		6.875		04/29/30	230,758
Kodiak Gas Services LLC(a)(b)
	148,000		7.250		02/15/29	151,784
Marathon Petroleum Corp.(a)
	50,000		3.800		04/01/28	47,643
Matador Resources Co.(a)(b)
	230,000		6.875		04/15/28	233,569
MEG Energy Corp.(a)(b)
	215,000		5.875		02/01/29	209,169
Nabors Industries, Inc.(a)(b)
	295,000		7.375		05/15/27	299,431
Noble Finance II LLC(a)(b)
	130,000		8.000		04/15/30	135,096
Occidental Petroleum Corp.(a)
	200,000		5.550		03/15/26	199,660
Permian Resources Operating LLC(a)(b)
	79,000		7.000		01/15/32	81,191
Sitio Royalties Operating Partnership LP/Sitio Finance Corp.(a)(b)
	317,000		7.875		11/01/28	327,718
Southwestern Energy Co.(a)
	180,000		4.750		02/01/32	165,325
Sunoco LP(a)(b)
	190,000		7.000		05/01/29	194,797
	145,000		7.250		05/01/32	149,911
TechnipFMC PLC(a)(b)
	375,000		6.500		02/01/26	373,489
Transocean Poseidon Ltd.(a)(b)
	74,250		6.875		02/01/27	74,144
Transocean Titan Financing Ltd.(a)(b)
	70,000		8.375		02/01/28	72,205
Transocean, Inc.(a)(b)
	100,000		8.250		05/15/29	100,197
	27,900		8.750		02/15/30	29,293
	105,000		8.500		05/15/31	104,896

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Oil Field Services – (continued)
USA Compression Partners LP/USA Compression Finance Corp.(a)(b)
$	165,000		7.125	%	03/15/29	$    166,160
						3,921,379
Packaging(a)(b) – 0.6%
ARD Finance SA (e) (PIK 7.250%, Cash 6.500%)
	405,000		6.500		06/30/27	102,570
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
	200,000		5.250		08/15/27	123,166
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co.-Issuer LLC
	350,000		6.000		09/15/28	339,042
						564,778
Pharmaceuticals(a)(b) – 0.3%
AdaptHealth LLC
	220,000		6.125		08/01/28	209,893
	95,000		4.625		08/01/29	82,343
	65,000		5.125		03/01/30	56,919
						349,155
Pipelines(a) – 6.2%
Antero Midstream Partners LP/Antero Midstream Finance Corp.(b)
	155,000		6.625		02/01/32	156,367
Blue Racer Midstream LLC/Blue Racer Finance Corp.(b)
	55,000		7.000		07/15/29	56,013
	55,000		7.250		07/15/32	56,549
Buckeye Partners LP(b)
	185,000		6.875		07/01/29	185,648
Cheniere Energy Partners LP
	40,000		5.950		06/30/33	40,500
CNX Midstream Partners LP(b)
	145,000		4.750		04/15/30	130,588
Columbia Pipelines Operating Co. LLC(b)
	345,000		6.036		11/15/33	352,497
CQP Holdco LP/BIP-V Chinook Holdco LLC(b)
	685,000		5.500		06/15/31	649,202
Energy Transfer LP
	385,000		5.250		04/15/29	384,411
EnLink Midstream Partners LP(c) (3 mo. USD Term SOFR + 4.372%)
	192,000		9.711		07/29/24	190,080
Genesis Energy LP/Genesis Energy Finance Corp.
	220,000		7.875		05/15/32	222,044
Global Partners LP/GLP Finance Corp.
	440,000		6.875		01/15/29	436,462
Howard Midstream Energy Partners LLC(b)
	120,000		8.875		07/15/28	126,992
	115,000		7.375		07/15/32	116,741
Kinetik Holdings LP(b)
	265,000		5.875		06/15/30	261,221
MPLX LP
	105,000		4.000		03/15/28	100,468
	365,000		2.650		08/15/30	314,619

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Pipelines(a) – (continued)
NuStar Logistics LP
$	285,000		6.375	%	10/01/30	$    290,073
ONEOK, Inc.
	275,000		6.350		01/15/31	288,112
Plains All American Pipeline LP/PAA Finance Corp.
	400,000		3.800		09/15/30	365,548
Prairie Acquiror LP(b)
	255,000		9.000		08/01/29	262,982
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(b)
	140,000		7.375		02/15/29	140,690
	75,000		6.000		12/31/30	69,935
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
	395,000		4.875		02/01/31	376,656
	197,000		4.000		01/15/32	176,945
Venture Global LNG, Inc.(b)
	315,000		8.125		06/01/28	324,863
	30,000		9.500		02/01/29	32,855
						6,109,061
Real Estate Investment Trust(a) – 1.0%
Agree LP
	25,000		2.900		10/01/30	21,570
Iron Mountain Information Management Services, Inc.(b)
	318,000		5.000		07/15/32	290,668
Prologis LP
	25,000		1.750		07/01/30	20,680
Realty Income Corp.
	60,000		4.000		07/15/29	56,772
	355,000		2.850		12/15/32	292,726
Regency Centers LP
	60,000		2.950		09/15/29	53,848
Trust Fibra Uno
	200,000		4.869		01/15/30	175,850
WP Carey, Inc.
	60,000		3.850		07/15/29	56,012
	25,000		2.400		02/01/31	20,736
						988,862
Retailing(a) – 2.5%
Asbury Automotive Group, Inc.(b)
	220,000		4.625		11/15/29	203,746
	55,000		5.000		02/15/32	49,808
Cougar JV Subsidiary LLC(b)
	90,000		8.000		05/15/32	93,002
Foundation Building Materials, Inc.(b)
	270,000		6.000		03/01/29	239,849
Group 1 Automotive, Inc.(b)
	110,000		4.000		08/15/28	101,534
GYP Holdings III Corp.(b)
	180,000		4.625		05/01/29	166,784
Ken Garff Automotive LLC(b)
	290,000		4.875		09/15/28	268,964
LCM Investments Holdings II LLC(b)
	410,000		4.875		05/01/29	383,055
Penske Automotive Group, Inc.
	290,000		3.750		06/15/29	261,760

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Retailing(a) – (continued)
Sonic Automotive, Inc.(b)
$	185,000		4.625	%	11/15/29	$   167,112
	75,000		4.875		11/15/31	65,969
Specialty Building Products Holdings LLC/SBP Finance Corp.(b)
	330,000		6.375		09/30/26	324,311
Tractor Supply Co.
	75,000		1.750		11/01/30	60,761
Yum! Brands, Inc.(b)
	135,000		4.750		01/15/30	128,530
						2,515,185
Semiconductors(a) – 1.6%
Broadcom, Inc.(b)
	372,000		3.469		04/15/34	317,033
	594,000		3.137		11/15/35	475,568
	645,000		3.187		11/15/36	510,144
NXP BV/NXP Funding LLC/NXP USA, Inc.
	360,000		3.400		05/01/30	325,915
						1,628,660
Software(a) – 3.0%
AthenaHealth Group, Inc.(b)
	421,000		6.500		02/15/30	387,804
Castle U.S. Holding Corp.(b)
	362,000		9.500		02/15/28	172,989
Clarivate Science Holdings Corp.(b)
	365,000		3.875		07/01/28	339,300
	310,000		4.875		07/01/29	288,148
Cloud Software Group, Inc.(b)
	130,000		8.250		06/30/32	132,533
Elastic NV(b)
	245,000		4.125		07/15/29	224,116
Oracle Corp.
	415,000		2.875		03/25/31	358,490
	580,000		6.250		11/09/32	614,046
TeamSystem SpA(b)
EUR	435,000		3.500		02/15/28	442,668
						2,960,094
Telecommunication Services – 3.1%
Altice France SA(a)(b)
	330,000		2.125		02/15/25	324,367
AT&T, Inc.(a)
$	365,000		2.750		06/01/31	312,604
	135,000		4.900		08/15/37	125,987
	315,000		5.150		11/15/46	292,474
	395,000		3.650		06/01/51	278,941
	420,000		3.500		09/15/53	285,067
Bharti Airtel Ltd.(a)(b)
	360,000		3.250		06/03/31	316,141
Frontier Communications Holdings LLC(a)(b)
	125,000		5.000		05/01/28	117,796
Hughes Satellite Systems Corp.
	130,000		6.625		08/01/26	58,650
Sprint Capital Corp.
	325,000		8.750		03/15/32	390,819

Principal Amount		Interest Rate			Maturity Date	Value
Corporate Obligations – (continued)
Telecommunication Services – (continued)
T-Mobile USA, Inc.(a)
$	190,000		2.050	%	02/15/28	$    170,563
	402,000		3.875		04/15/30	375,818
						3,049,227
Telecommunications(a) – 0.4%
AT&T, Inc.
	482,000		2.550		12/01/33	383,123
Transportation – 1.1%
Cargo Aircraft Management, Inc.(a)(b)
	120,000		4.750		02/01/28	111,288
MV24 Capital BV
	472,980		6.748		06/01/34	450,249
Rand Parent LLC(a)(b)
	240,000		8.500		02/15/30	242,750
RXO, Inc.(a)(b)
	170,000		7.500		11/15/27	174,376
XPO, Inc.(a)(b)
	110,000		7.125		02/01/32	112,634
						1,091,297
TOTAL CORPORATE OBLIGATIONS (Cost $73,520,181)						$ 73,339,134
Mortgage-Backed Obligations – 28.5%
Collateralized Mortgage Obligations(a) – 1.5%
Interest Only(f) – 0.2%
Government National Mortgage Association REMICS Series 2018-124, Class SN (-1X 1 mo. USD Term SOFR + 6.086%)
$	131,033		0.747	%(c)	09/20/48	$     13,266
Government National Mortgage Association REMICS Series 2020-7, Class GI
	58,082		4.000		01/20/50	11,325
Government National Mortgage Association REMICS Series 2020-21, Class SA (-1X 1 mo. USD Term SOFR + 5.936%)
	167,225		0.597	(c)	02/20/50	17,392
Government National Mortgage Association REMICS Series 2020-146, Class KI
	573,352		2.500		10/20/50	83,230
Government National Mortgage Association REMICS Series 2019-153, Class EI
	326,544		4.000		12/20/49	66,677
Government National Mortgage Association REMICS Series 2020-55, Class AS (-1X 1 mo. USD Term SOFR + 5.936%)
	246,276		0.597	(c)	04/20/50	26,008
Government National Mortgage Association REMICS Series 2020-61, Class GI
	132,975		5.000		05/20/50	29,497
						247,395

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Fixed Rate(b)(g) – 0.4%
OBX Trust Series 2024-NQM8, Class A1
$	347,158		6.233	%	05/25/64	$    348,190
Sequential Floating Rate(b)(c) – 0.9%
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA1, Class M2 (1 mo. USD Term SOFR + 1.800%)
	24,804		7.135		01/25/51	25,127
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA4, Class M1A (1 mo. USD Term SOFR + 2.200%)
	101,952		7.535		05/25/42	103,622
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA2, Class M1B (1 mo. USD Term SOFR + 4.000%)
	100,000		9.335		07/25/42	106,828
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-DNA2, Class M1 (1 mo. USD Term SOFR + 1.200%)
	312,910		6.535		05/25/44	313,272
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R08, Class 1M2 (1 mo. USD Term SOFR + 3.600%)
	30,000		8.935		07/25/42	31,726
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R05, Class 2M2 (1 mo. USD Term SOFR + 3.000%)
	85,000		8.335		04/25/42	87,991
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R05, Class 1M2 (1 mo. USD Term SOFR + 3.100%)
	25,000		8.435		06/25/43	26,414
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R04, Class 1M2 (1 mo. USD Term SOFR + 1.650%)
	100,000		6.974		05/25/44	100,221
Residential Mortgage Loan Trust Series 2019-2, Class B1
	100,000		4.713		05/25/59	95,788
						890,989
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS						1,486,574
Commercial Mortgage-Backed Securities – 2.0%
Sequential Fixed Rate(a) – 0.9%
Bank5 Series 2024-5YR7, Class A3
$	475,000		5.769	%	06/15/57	$    482,790
BBCMS Mortgage Trust Series 2024-C26, Class A5
	375,000		5.829		05/15/57	390,241
						873,031
Sequential Floating Rate(c) – 1.1%
Bank Series 2018-BN13, Class A5
	375,000		4.217	(a)	08/15/61	357,595
BBCMS Mortgage Trust Series 2018-TALL, Class A (1 mo. USD Term SOFR + 0.919%)
	300,000		6.248	(b)	03/15/37	283,691

Principal Amount		Interest Rate			Maturity Date	Value
Mortgage-Backed Obligations – (continued)
Sequential Floating Rate(c) – (continued)
BX Trust Series 2024-BIO, Class A (1 mo. USD Term SOFR + 1.642%)
$	400,000		6.971	%(b)	02/15/41	$    398,704
						1,039,990
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES						$  1,913,021
Federal Agencies(h) – 25.0%
Government National Mortgage Association – 9.9%
$	5,000,000		4.500	%	TBA-30yr	$  4,752,855
	1,000,000		6.000		TBA-30yr	1,004,297
	2,000,000		6.500		TBA-30yr	2,027,772
	2,000,000		7.000		TBA-30yr	2,036,141
						9,821,065
Uniform Mortgage-Backed Security – 15.1%
	1,000,000		2.500		TBA-30yr	816,719
	5,000,000		5.500		TBA-30yr	4,962,227
	8,000,000		6.000		TBA-30yr	8,045,409
	1,000,000		7.000		TBA-30yr	1,028,132
						14,852,487
TOTAL FEDERAL AGENCIES						$ 24,673,552
TOTAL MORTGAGE-BACKED OBLIGATIONS (Cost $28,109,542)						$ 28,073,147
Asset-Backed Securities(a)(b)(c) – 10.7%
Collateralized Loan Obligations – 10.7%
1988 CLO 3 Ltd. Series 2023-3A, Class A1 (3 mo. USD Term SOFR + 2.000%)
$	500,000		7.329	%	10/15/38	$    505,929
1988 CLO 5 Ltd. Series 2024-5A, Class A1 (3 mo. USD Term SOFR + 1.540%)
	500,000		6.865		07/15/37	500,000
Bain Capital Credit CLO Ltd. Series 2019-1A, Class DR (3 mo. USD Term SOFR + 3.712%)
	175,000		9.038		04/19/34	175,668
Bain Capital Credit CLO Ltd. Series 2024-3A, Class A1 (3 mo. USD Term SOFR + 1.480%)
	725,000		6.723		07/16/37	725,366
Carval CLO X-C Ltd. Series 2024-2A, Class A (3 mo. USD Term SOFR + 1.460%)
	300,000		7.336		07/20/37	300,000
CIFC Funding Ltd. Series 2022-6A, Class B1 (3 mo. USD Term SOFR + 3.100%)
	600,000		8.428		07/16/35	604,220
Diameter Capital CLO 7 Ltd. Series 2024-7A, Class A1A (3 mo. USD Term SOFR + 1.480%)
	725,000		6.806		07/20/37	725,370
Golub Capital Partners CLO 74 B Ltd. Series 2024-74A, Class A (3 mo. USD Term SOFR + 1.500%)
	725,000		6.815		07/25/37	726,176

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Asset-Backed Securities(a)(b)(c) – (continued)
Collateralized Loan Obligations – (continued)
Katayma CLO I Ltd. Series 2023-1A, Class A1 (3 mo. USD Term SOFR + 2.000%)
$	1,000,000		7.325	%	10/20/36	$  1,009,966
Madison Park Funding LXI Ltd. Series 2023-61A, Class A (3 mo. USD Term SOFR + 1.730%)
	500,000		7.037		01/20/37	504,507
Madison Park Funding XXI Ltd. Series 2016-21A, Class C1RR (3 mo. USD Term SOFR + 3.512%)
	600,000		8.840		10/15/32	601,564
Mountain View CLO XV Ltd. Series 2019-2A, Class A1R (3 mo. USD Term SOFR + 1.670%)
	400,000		7.002		07/15/37	402,040
Oaktree CLO Ltd. Series 2019-4A, Class ARR (3 mo. USD Term SOFR + 1.510%)
	250,000		6.843		07/20/37	250,129
Park Blue CLO Ltd. Series 2024-5A, Class A1 (3 mo. USD Term SOFR + 1.480%)
	500,000		6.798		07/25/37	500,255
Rad CLO 22 Ltd. Series 2023-22A, Class B (3 mo. USD Term SOFR + 2.670%)
	350,000		8.042		01/20/37	355,678
Rad CLO 25 Ltd. Series 2024-25A, Class A1 (3 mo. USD Term SOFR + 1.460%)
	750,000		6.781		07/20/37	750,379
Rockford Tower CLO Ltd. Series 2023-1A, Class C (3 mo. USD Term SOFR + 3.200%)
	300,000		8.551		01/20/36	300,622
RRX 7 Ltd. Series 2022-7A, Class A1 (3 mo. USD Term SOFR + 1.360%)
	1,000,000		6.689		07/15/35	1,001,693
THL Credit Wind River CLO Ltd. Series 2017-1A, Class DR (3 mo. USD Term SOFR + 3.982%)
	600,000		9.309		04/18/36	590,992
						10,530,554
TOTAL ASSET-BACKED SECURITIES (Cost $10,503,580)						$ 10,530,554
Bank Loans(i) – 4.8%
Aerospace & Defense – 0.3%
ADS Tactical, Inc. (1 mo. USD LIBOR + 5.750%)–(1 mo. USD Term SOFR + 5.750%)
$	245,520		11.180–11.183	%(c)	03/19/26	$    245,827
Bleriot U.S. Bidco, Inc.
	99,748		0.000	(j)	10/31/30	100,147
						345,974
Automotive(c) – 0.4%
First Brands Group LLC (3 mo. USD Term SOFR + 8.500%)
	250,000		14.141		03/30/28	240,625
(3 mo. USD Term SOFR + 5.000%)
	128,564		10.591		03/30/27	127,560
						368,185

Principal Amount		Interest Rate			Maturity Date	Value
Bank Loans(i) – (continued)
Building & Construction(c) – 0.2%
Energize HoldCo LLC (1 mo. USD Term SOFR + 3.750%)
$	238,316		9.209	%	12/08/28	$    238,554
Building Materials(c) – 0.6%
Chamberlain Group, Inc. (1 mo. USD Term SOFR + 3.250%)
	341,250		8.694		11/03/28	340,823
Icebox Holdco III, Inc. (3 mo. USD Term SOFR + 3.750%)
	171,211		9.346		12/22/28	171,497
(3 mo. USD Term SOFR + 6.750%)
	50,000		12.346		12/21/29	50,500
						562,820
Capital Goods - Others(c) – 0.3%
Engineered Machinery Holdings, Inc.
(3 mo. EUR EURIBOR + 3.750%)
EUR	72,938		7.472		05/21/28	78,031
(3 mo. USD Term SOFR + 3.750%)
$	184,872		9.346		05/19/28	185,451
						263,482
Diversified Financial Services(c) – 0.4%
DRW Holdings LLC (1 mo. USD Term SOFR + 3.750%)
	363,750		9.192		03/01/28	363,182
Entertainment(c) – 0.3%
Arcis Golf LLC (1 mo. USD Term SOFR + 3.750%)
	171,513		9.208		11/24/28	171,656
Cinemark USA, Inc. (1 mo. USD Term SOFR + 3.250%)–(3 mo. USD Term SOFR + 3.250%)
	148,129		8.585–8.594		05/24/30	148,684
						320,340
Machinery(c) – 0.0%
Clark Equipment Co. (3 mo. USD Term SOFR + 2.250%)
	21,496		7.685		04/20/29	21,502
Media - Cable(c) – 0.1%
DirecTV Financing LLC (1 mo. USD Term SOFR + 5.000%)
	80,700		10.458		08/02/27	80,780
Media - Non Cable(c) – 0.1%
Audacy Capital Corp. (1 mo. USD Term SOFR + 6.000%)
	8,445		11.458		08/19/24	8,414
Entercom Media Corp.
	225,000		0.000		11/18/24	105,750
						114,164
Metals & Mining(c) – 0.2%
Grinding Media, Inc. (3 mo. USD Term SOFR + 4.000%)
	195,000		9.555		10/12/28	193,041
Midstream(j) – 0.1%
AL GCX Holdings LLC
	74,616		0.000		05/17/29	74,429
Packaging(c) – 0.5%
LABL, Inc. (1 mo. USD Term SOFR + 5.000%)
	146,250		10.444		10/29/28	144,209
LC Ahab U.S. Bidco LLC (1 mo. USD Term SOFR + 3.500%)
	75,000		8.845		05/01/31	75,047

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

Principal Amount		Interest Rate			Maturity Date	Value
Bank Loans(i) – (continued)
Packaging(c) – (continued)
Pretium Packaging LLC (3 mo. USD Term SOFR + 5.000%)
$	279,067		10.327	%	10/02/28	$    286,183
						505,439
Pipelines(c) – 0.3%
Epic Y-Grade Services LP (3 mo. USD Term SOFR + 5.750%)
	300,000		11.082		06/29/29	299,391
Retailers(c) – 0.2%
TruGreen LP (3 mo. USD Term SOFR + 8.500%)
	210,000		14.091		11/02/28	160,650
Technology(c) – 0.2%
Syndigo LLC (1 mo. USD Term SOFR + 4.500%)
	217,687		9.959		12/15/27	215,511
Technology - Software(c) – 0.6%
Drake Software LLC (3 mo. USD Term SOFR + 4.250%)
	350,000		9.594		06/17/31	346,500
iSolved, Inc. (1 mo. USD Term SOFR + 3.500%)
	52,875		8.844		10/15/30	52,925
Loyalty Ventures, Inc.
	196,262		0.000	(k)	11/03/27	1,472
Virtusa Corp. (3 mo. USD Term SOFR + 3.750%)
	191,341		9.079		02/11/28	191,521
						592,418
TOTAL BANK LOANS (Cost $5,050,328)						$  4,719,862
Sovereign Debt Obligations – 4.4%
Euro – 1.3%
Benin Government International Bonds(b)
EUR	260,000		4.875	%	01/19/32	$    233,026
Egypt Government International Bonds
	200,000		4.750		04/16/26	201,807
Indonesia Government International Bonds
	100,000		1.100		03/12/33	84,940
Ivory Coast Government International Bonds(b)
	500,000		4.875		01/30/32	449,130
Romania Government International Bonds
	290,000		2.875		03/11/29	288,350
	30,000		2.625	(b)	12/02/40	20,811
						1,278,064
United States Dollar – 3.1%
Abu Dhabi Government International Bonds(b)
$	200,000		3.875		04/16/50	159,500
Argentina Republic Government International Bonds(a)
	13,920		1.000		07/09/29	7,956
	455,900		0.750	(g)	07/09/30	255,760
Dominican Republic International Bonds(b)
	240,000		4.875		09/23/32	215,250
Ecuador Government International Bonds(b)
	34,036		0.000	(d)	07/31/30	16,273
	40,000		6.000	(g)	07/31/30	25,313
	46,400		2.500	(g)	07/31/40	21,011

Principal Amount		Interest Rate			Maturity Date	Value
Sovereign Debt Obligations – (continued)
United States Dollar – (continued)
Egypt Government International Bonds(b)
$	200,000		8.875	%	05/29/50	$    152,250
Mexico Government International Bonds(a)
	603,000		3.500		02/12/34	490,540
Morocco Government International Bonds(b)
	310,000		3.000		12/15/32	249,259
National Bank of Uzbekistan
	260,000		4.850		10/21/25	249,691
Peru Government International Bonds(a)
	400,000		2.783		01/23/31	342,600
Republic of Uzbekistan International Bonds(b)
	200,000		3.700		11/25/30	164,500
Turkiye Government International Bonds
	200,000		6.125		10/24/28	195,187
	200,000		7.625		04/26/29	204,125
	200,000		6.500		09/20/33	187,938
Ukraine Government International Bonds
	190,000		7.750		09/01/25	59,945
	200,000		7.750		09/01/28	60,600
						3,057,698
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $5,525,048)						$  4,335,762

Shares		Description	Value
	Common Stocks(k) – 0.4%
	Communications Equipment – 0.2%
	4,216	Intelsat SA	$    154,938
	Media – 0.0%
	45,301	iHeartMedia, Inc. Class A	49,378
	Oil, Gas & Consumable Fuels – 0.2%
	6,420	Summit Midstream Partners LP	228,295
	TOTAL COMMON STOCKS (Cost $477,724)		$    432,611
	TOTAL INVESTMENTS – 123.1% (Cost $123,186,403)		$121,431,070
	LIABILITIES IN EXCESS OF  OTHER ASSETS – ( 23.1)%		(22,790,779)
	NET ASSETS – 100.0%		$ 98,640,291

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.

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

(d)	Issued with a zero coupon. Income is recognized through the accretion of discount.
(e)	Pay-in-kind securities.
(f)	Security with a notional or nominal principal amount. The actual effective yield of this security is different than the stated interest rate.
(g)	Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect on June 30, 2024.
(h)	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 $24,673,552 which represents approximately 25.0% of net assets as of June 30, 2024.
(i)	Bank Loans often require prepayments from excess cash flows or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. As bank loan positions may involve multiple underlying tranches for which the aggregate position is presented, the stated interest rate represents the weighted average interest rate of all contracts on June 30, 2024. Bank Loans typically have rates of interest which are predetermined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base lending rates are primarily the Secured Overnight Financing Rate (“SOFR”), and secondarily the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(j)	This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.
(k)	Security is currently in default and/or non-income producing.

 

GOLDMAN SACHS 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
JPMorgan Securities, Inc.	USD	3,960,457		EUR	3,663,089		07/30/24	$	31,746

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		4.000	%	TBA - 30yr	07/01/24	$	(1,000,000)	$	(914,844)
Uniform Mortgage-Backed Security		4.500		TBA - 30yr	07/01/24		(8,000,000)		(7,540,936)
Uniform Mortgage-Backed Security		5.000		TBA - 30yr	07/01/24		(1,000,000)		(966,445)
Uniform Mortgage-Backed Security		6.500		TBA - 30yr	07/01/24		(9,000,000)		(9,159,604)
(PROCEEDS RECEIVED: $(18,609,805))								$	(18,581,829)

(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	10	09/19/24	$	1,099,844		$	(2,969	)
2 Year U.S. Treasury Notes	29	09/30/24		5,922,344			13,632
5 Year U.S. Treasury Notes	33	09/30/24		3,517,078			9,539
Total						$	20,202
Short position contracts:
20 Year U.S. Treasury Bonds	(5)	09/19/24		(591,563	)		(6,091	)
Ultra 10-Year U.S. Treasury Note	(17)	09/19/24		(1,930,031	)		(20,951	)
Ultra Long U.S. Treasury Bonds	(21)	09/19/24		(2,632,219	)		(32,179	)
Total						$	(59,221	)
TOTAL FUTURES CONTRACTS						$	(39,019	)

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)
2.500%(b)		6M EURO(c)		09/18/27		EUR	610	$	8,150	$	8,636	$	(486	)
2.500(b)		6M EURO(c)		09/18/28			100		1,445		1,468		(23	)
2.500(b)		6M EURO(c)		09/18/29			880		13,933		13,833		100
2.500(b)		6M EURO(c)		09/18/31			710		14,038		13,109		929
2.500(b)		6M EURO(c)		09/18/34			430		12,375		11,199		1,176
TOTAL								$	49,941	$	48,245	$	1,696

(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 annually.

(c) Payments made semi-annually.

GOLDMAN SACHS INCOME FUND

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION (continued)

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:
CDX.NA.HY Index 34		5.000%		1.301	%		06/20/25	$	45	$	1,635	$	(343	)	$	1,978
CDX.NA.IG Index 33		1.000		0.098			12/20/24		1,950		8,973		4,191			4,782
CDX.NA.IG Index 41		1.000		0.479			12/20/28		4,990		106,475		79,348			27,127
TOTAL										$	117,083	$	83,196		$	33,887

(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.

Currency Abbreviations:
EUR	— Euro
USD	— U.S. Dollar
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:
CDX.NA.HY Index 34	— CDX North America High Yield Index 34
CDX.NA.IG Ind 33	— CDX North America Investment Grade Index 33
CDX.NA.IG Ind 41	— CDX North America Investment Grade Index 41
EURO	— Euro Offered Rate

GOLDMAN SACHS MULTI SECTOR 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.

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 and GSAMI’s assumptions in determining fair value measurement).

The Board of Trustees (“Trustees”) has approved Valuation Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. With respect to the Funds’ investments that do not have readily available market quotations, the Trustees have designated the Adviser as the valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Investment Company Act of 1940 (the “Valuation Designee”). GSAM and GSAMI 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 and GSAMI 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:

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

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

GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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 Fund’s 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.

i. Bank Loans — Bank loans (“Loans”) are interests in amounts owed by corporate, governmental, or other borrowers to lenders or lending syndicates. Loans are arranged through private negotiations between the borrower and one or more financial institutions (“Lenders”). A Fund’s investments in Loans are in the form of either participations in Loans (“Participations”) or assignments of all or a portion of Loans from third parties (“Assignments”). With respect to Participations, a Fund has the right to receive payments of principal, interest and any fees to which it is entitled from the Lender selling the Participations and only upon receipt by the Lender of the payments from the borrower. A Fund generally has no right to enforce compliance by the borrower with the terms of the loan agreement with respect to Participations. Conversely, assignments result in a Fund having a direct contractual relationship with the borrower, and a Fund may be permitted to enforce compliance by the borrower with the terms of the loan agreement.

The Income and Strategic Income Funds may also enter into certain credit arrangements, all or a portion of which may be unfunded. Unfunded loan commitments represent the remaining obligation of a Fund to the borrower. A Fund is obligated to fund these commitments at the borrower’s discretion. A Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit of a loan. All loans and unfunded loan commitments involve interest rate risk, liquidity risk and credit risk, including the potential default or insolvency of the borrower. Loans, including unfunded loan commitments, are marked to market daily using pricing vendor quotations and the change in value, if any, is recorded as an unrealized gain or loss.

ii. 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.

iii. 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.

iv. 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.

GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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.

v. 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.

vi. Structured Notes — The values of structured notes are based on the price movements of a reference security or index. Upon termination, a Fund will receive a payment from the issuer based on the value of the referenced instrument (notional amount multiplied by price of the referenced instrument) and record a realized gain or loss. Structured notes that are exchange traded are generally classified as Level 1 of the fair value hierarchy.

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

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

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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.

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

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counterparty. Upon the occurrence of a specified credit event, a Fund, as a buyer of credit protection, is entitled to receive an amount equal to the notional amount of the swap and deliver to the seller the defaulted reference obligation in a physically settled trade. A Fund may also receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap reduced by the recovery value of the reference obligation in a cash settled trade.

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

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

A total return swap is an agreement that gives a Fund the right to receive or pay the appreciation or depreciation, as applicable, in the value of a specified security, an index, a basket of securities or indices, or other instrument in return for a fee paid to the counterparty, which will typically be an agreed upon interest rate. If the underlying asset declines in value over the term of the swap, a Fund may also be required to pay the dollar value of that decline to the counterparty.

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 and GSAMI believe that such quotations do not accurately reflect fair value, the fair value of a Funds’ investments may be determined under the Valuation Procedures. GSAM and GSAMI, consistent with their 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.

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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:

BOND
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
Mortgage-Backed Obligations	$	—		$	223,184,062		$	—
Corporate Obligations		—			127,239,234			—
Asset-Backed Securities		—			51,979,626			—
Bank Loans		—			12,703,380			—
Municipal Debt Obligations		—			3,100,740			—
Sovereign Debt Obligations		—			2,874,190			—
U.S. Treasury Obligations		2,307,086			—			—
Investment Company		4,265,206			—			—
Total	$	6,572,292		$	421,081,232		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—		$	(72,596,806	)	$	—
Derivative Type
Assets
Forward Foreign Currency Exchange Contracts(a)	$	—		$	1,503,548		$	—
Futures Contracts(a)		509,539			—			—
Interest Rate Swap Contracts(a)		—			5,732,194			—
Credit Default Swap Contracts(a)		—			28,002			—
Purchased Option Contracts		—			2,262,385			—
Total	$	509,539		$	9,526,129		$	—
Liabilities
Forward Foreign Currency Exchange Contracts(a)	$	—		$	(2,178,640	)	$	—
Futures Contracts(a)		(111,390	)		—			—
Interest Rate Swap Contracts(a)		—			(2,306,748	)		—
Credit Default Swap Contracts(a)		—			(23,052	)		—
Written Option Contracts		—			(1,922,121	)		—
Total	$	(111,390	)	$	(6,430,561	)	$	—

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CORE FIXED INCOME
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
Mortgage-Backed Obligations	$	—		$	1,070,255,095		$	—
Corporate Obligations		—			648,007,216			—
U.S. Treasury Obligations		484,588,308			—			—
Asset-Backed Securities		—			215,041,992			—
Agency Debentures		—			22,356,565			—
Sovereign Debt Obligations		—			17,291,923			—
Municipal Debt Obligations		—			8,480,372			—
Investment Company		16,390,908			—			—
Total	$	500,979,216		$	1,981,433,163		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—		$	(312,510,990	)	$	—
Derivative Type
Assets
Futures Contracts(a)	$	1,697,361		$	—		$	—
Interest Rate Swap Contracts(a)		—			10,340,886			—
Credit Default Swap Contracts(a)		—			1,627,191			—
Purchased Option Contracts		—			325,989			—
Total	$	1,697,361		$	12,294,066		$	—
Liabilities
Futures Contracts(a)	$	(365,854	)	$	—		$	—
Interest Rate Swap Contracts(a)		—			(4,744,454	)		—
Credit Default Swap Contracts(a)		—			(10,269	)		—
Written Option Contracts		—			(871,535	)		—
Total	$	(365,854	)	$	(5,626,258	)	$	—

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DYNAMIC BOND
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
Mortgage-Backed Obligations	$	—		$	625,181,877		$	—
Asset-Backed Securities		—			197,461,677			—
Corporate Obligations		—			150,262,897			—
U.S. Treasury Obligations		54,088,300			—			—
Bank Loans		—			37,783,586			—
Sovereign Debt Obligations		—			9,162,490			—
Municipal Debt Obligations		—			8,063,954			—
Common Stock and/or Other Equity Investments(b)
North America		1,141,777			—			—
Total	$	55,230,077		$	1,027,916,481		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—		$	(310,398,656	)	$	—
Derivative Type
Assets
Forward Foreign Currency Exchange Contracts(a)	$	—		$	5,659,081		$	—
Futures Contracts(a)		663,727			—			—
Interest Rate Swap Contracts(a)		—			34,313,613			—
Credit Default Swap Contracts(a)		—			329,684			—
Purchased Option Contracts		—			10,644,294			—
Total	$	663,727		$	50,946,672		$	—
Liabilities
Forward Foreign Currency Exchange Contracts(a)	$	—		$	(8,838,891	)	$	—
Futures Contracts(a)		(1,390,890	)		—			—
Interest Rate Swap Contracts(a)		—			(13,820,465	)		—
Credit Default Swap Contracts(a)		—			(287,476	)		—
Total Return Swap Contracts(a)		—			(865,744	)		—
Written Option Contracts		—			(9,238,789	)		—
Total	$	(1,390,890	)	$	(33,051,365	)	$	—

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NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

GLOBAL CORE FIXED INCOME
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
Mortgage-Backed Obligations	$	—		$	217,430,236		$	—
Corporate Obligations		—			212,895,449			—
Sovereign Debt Obligations		130,197,035			36,007,130			—
Asset-Backed Securities		—			90,694,011			—
U.S. Treasury Obligations		7,879,561			—			—
Exchange Traded Funds		300,137			—			—
Short-term Investments		—			4,288,642			—
Total	$	138,376,733		$	561,315,468		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—		$	(41,956,280	)	$	—
Derivative Type
Assets
Forward Foreign Currency Exchange Contracts(a)	$	—		$	4,021,652		$	—
Futures Contracts(a)		961,443			—			—
Interest Rate Swap Contracts(a)		—			9,291,071			—
Credit Default Swap Contracts(a)		—			282,764			—
Purchased Option Contracts		—			222,740			—
Total	$	961,443		$	13,818,227		$	—
Liabilities
Forward Foreign Currency Exchange Contracts(a)	$	—		$	(544,276	)	$	—
Futures Contracts(a)		(437,194	)		—			—
Interest Rate Swap Contracts(a)		—			(3,806,008	)		—
Credit Default Swap Contracts(a)		—			(49,817	)		—
Written Option Contracts		—			(590,296	)		—
Total	$	(437,194	)	$	(4,990,397	)	$	—

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NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

INCOME
Investment Type	Level 1			Level 2			Level 3
Assets
Fixed Income
Corporate Obligations	$	—		$	73,339,134		$	—
Mortgage-Backed Obligations		—			28,073,147			—
Asset-Backed Securities		—			10,530,554			—
Bank Loans		—			4,719,862			—
Sovereign Debt Obligations		—			4,335,762			—
Common Stock and/or Other Equity Investments(b)
Europe		—			154,938			—
North America		277,673			—			—
Total	$	277,673		$	121,153,397		$	—
Liabilities
Fixed Income
Mortgage-Backed Obligations — Forward Sales Contracts	$	—		$	(18,581,829	)	$	—
Derivative Type
Assets(a)
Forward Foreign Currency Exchange Contracts	$	—		$	31,746		$	—
Futures Contracts		23,171			—			—
Interest Rate Swap Contracts		—			2,205			—
Credit Default Swap Contracts		—			33,887			—
Total	$	23,171		$	67,838		$	—
Liabilities(a)
Futures Contracts	$	(62,190	)	$	—		$	—
Interest Rate Swap Contracts		—			(509	)		—
Total	$	(62,190	)	$	(509	)	$	—

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

(b) 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.

For further information regarding security characteristics, see the Schedules of Investments. The Funds’ risks include, but are not limited to, the following: The Funds’ risks include, but are not limited to, the following:

Collateralized Loan Obligations Risk — The Funds may invest in collateralized loan obligations (“CLOs”) and other similarly structured investments. A CLO is an asset-backed security whose underlying collateral is a pool of loans, which may include, among others, floating rate and fixed rate senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. In addition to the normal risks associated with loan- and credit-related securities discussed elsewhere in the Prospectus (e.g., loan-related investments risk, interest rate risk and default risk), investments in CLOs carry additional risks including, but not limited to, the risk that: (i) distributions from the collateral may not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default;

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(iii) the Funds’ may invest in tranches of CLOs that are subordinate to other tranches; (iv) the structure and complexity of the transaction and the legal documents could lead to disputes among investors regarding the characterization of proceeds; and (v) the CLO’s manager may perform poorly.

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 obligation, 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, 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.

Foreign Custody Risk — The Funds’ invests in foreign securities, and as such the Fund may hold such securities and cash with foreign banks, agents, and securities depositories appointed by the Fund’s custodian (each a “Foreign Custodian”). Some foreign custodians may be recently organized or new to the foreign custody business. In some countries, Foreign Custodians may be

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subject to little or no regulatory oversight over, or independent evaluation of, their operations. Further, the laws of certain countries may place limitations on a Fund’s ability to recover its assets if a Foreign Custodian enters bankruptcy. Investments in emerging markets may be subject to even greater custody risks than investments in more developed markets. Custody services in emerging market countries are very often undeveloped and may be considerably less well regulated than in more developed countries, and thus may not afford the same level of investor protection as would apply in developed countries.

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.

Investments in Other Investment Companies Risk — As a shareholder of another investment company, including an ETF, a Fund will indirectly bear its proportionate share of any net management fees and other expenses paid by such other investment companies, in addition to the fees and expenses regularly borne by the Fund. ETFs are subject to risks that do not apply to conventional mutual funds, including, but not limited to, the following: (i) the market price of the ETF’s shares may trade at a premium or a discount to their NAV; and (ii) an active trading market for an ETF’s shares may not develop or be maintained.

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 MULTI SECTOR FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

Loan-Related Investments Risk — In addition to risks generally associated with debt investments (e.g., interest rate risk and default risk), loan-related investments such as loan participations and assignments are subject to other risks. Although a loan obligation may be fully collateralized at the time of acquisition, the collateral may decline in value, be or become illiquid or less liquid, or lose all or substantially all of its value subsequent to investment. Many loan investments are subject to legal or contractual restrictions on resale and certain loan investments may be or become illiquid or less liquid and more difficult to value, particularly in the event of a downgrade of the loan or the borrower. There is less readily available, reliable information about most loan investments than is the case for many other types of securities. Substantial increases in interest rates may cause an increase in loan obligation defaults. With respect to loan participations, a Fund may not always have direct recourse against a borrower if the borrower fails to pay scheduled principal and/or interest; may be subject to greater delays, expenses and risks than if a Fund had purchased a direct obligation of the borrower; and may be regarded as the creditor of the agent lender (rather than the borrower), subjecting a Fund to the creditworthiness of that lender as well. Investors in loans, such as a Fund, may not be entitled to rely on the anti-fraud protections of the federal securities laws, although they may be entitled to certain contractual remedies. The market for loan obligations may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods. Because transactions in many loans are subject to extended trade settlement periods, a Fund may not receive the proceeds from the sale of a loan for a period after the sale. As a result, sale proceeds related to the sale of loans may not be available to make additional investments or to meet a Fund’s redemption obligations for a period after the sale of the loans, and, as a result, a Fund may have to sell other investments or engage in borrowing transactions, such as borrowing from its credit facility, if necessary to raise cash to meet its obligations.

Senior Loans hold the most senior position in the capital structure of a business entity, and are typically secured with specific collateral, but are nevertheless usually rated below investment grade. Because Second Lien Loans are subordinated or unsecured and thus lower in priority of payment to Senior Loans, they are subject to the additional risk that the cash flow of the borrower and property securing the loan or debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior secured obligations of the borrower. Second Lien Loans generally have greater price volatility than Senior Loans and may be less liquid.

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.

Non-Investment Grade Fixed Income Securities Risk — Non-investment grade fixed income securities and unrated securities of comparable credit quality (commonly known as “junk bonds”) are considered speculative and are subject to the increased risk of an issuer’s inability to meet principal and interest payment obligations. These securities may be subject to greater

GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS

Schedule of Investments (continued)

June 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

price volatility due to such factors as specific issuer developments, interest rate sensitivity, negative perceptions of the junk bond markets generally and less liquidity. The Funds may purchase the securities of issuers that are in default.

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.

Short Position Risk — A Fund may enter into a short position through a futures contract, an option or swap agreement or through short sales of any instrument that a Fund may purchase for investment. Taking short positions involves leverage of a Fund’s assets and presents various risks, including counterparty risk. If the value of the underlying instrument or market in which a Fund has taken a short position increases, then the Fund will incur a loss equal to the increase in value from the time that the short position was entered into plus any related interest payments or other fees. Taking short positions involves the risk that losses may be disproportionate, may exceed the amount invested, and may be unlimited. To the extent that a Fund uses the proceeds it receives from a short position to take additional long positions, the risks associated with the short position, including leverage risks, may be heightened, because doing so increases the exposure of a Fund to the markets and therefore could magnify changes to a Fund’s NAV.