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 |
$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) |
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) |
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) |
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 (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 (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 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 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 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 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 |
$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) |
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/ by the Fund(a) |
Credit Spread at 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 |
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 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 the Fund(a) |
Credit |
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
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
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
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
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.
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
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 | ) | $ | — | ||||
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
| 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 | ) | $ | — | ||||
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
| 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 | ) | $ | — | ||||
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
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 | ) | $ | — | ||||
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
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;
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
(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
GOLDMAN SACHS MULTI SECTOR FIXED INCOME FUNDS
Schedule of Investments (continued)
June 30, 2024 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
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.