Goldman Sachs High Yield Instl NPORTP Goldman Sachs U.S. Equity Dividend and Premium Fund (Sep 2024 report)

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – 97.7%
	Australia – 8.1%
	3,336	Ampol Ltd. (Oil, Gas & Consumable Fuels)	$ 70,370
	66,716	ANZ Group Holdings Ltd. (Banks)	1,402,098
	65,815	APA Group (Gas Utilities)	352,224
	4,390	ASX Ltd. (Capital Markets)	193,622
	34,810	Aurizon Holdings Ltd. (Ground Transportation)	84,685
	52,372	BHP Group Ltd. (Metals & Mining)	1,625,949
	36,463	Coles Group Ltd. (Consumer Staples Distribution & Retail)	454,566
	5,498	Commonwealth Bank of Australia (Banks)	512,830
	24	CSL Ltd. (Biotechnology)	4,741
	88,181	Fortescue Ltd. (Metals & Mining)	1,243,756
	11,819	Goodman Group (Industrial REITs)	301,491
	177,915	Medibank Pvt Ltd. (Insurance)	448,871
	95,333	National Australia Bank Ltd. (Banks)	2,468,201
	80,305	Origin Energy Ltd. (Electric Utilities)	556,280
	416	Rio Tinto Ltd. (Metals & Mining)	36,793
	8,669	Sonic Healthcare Ltd. (Health Care Providers & Services)	163,053
	87,626	Transurban Group (Transportation Infrastructure)	791,708
	12,492	Wesfarmers Ltd. (Broadline Retail)	606,622
	33,742	Westpac Banking Corp. (Banks)	737,347
	60,542	Woodside Energy Group Ltd. (Oil, Gas & Consumable Fuels)	1,043,577

			13,098,784

	Austria – 0.2%
	7,260	OMV AG (Oil, Gas & Consumable Fuels)	310,584

	Belgium – 0.6%
	13,960	Ageas SA (Insurance)	744,893
	10,234	Warehouses De Pauw CVA (Industrial REITs)	273,092

			1,017,985

	China^(a)– 0.1%
	90,400	ESR Group Ltd. (Real Estate Management & Development)	143,707

	Denmark – 2.7%
	4,380	Coloplast AS Class B (Health Care Equipment & Supplies)	570,913
	1	Danske Bank AS (Banks)	30
	29,710	Novo Nordisk AS Class B (Pharmaceuticals)	3,523,948
	2,108	Tryg AS (Insurance)	49,991
	9,993	Vestas Wind Systems AS* (Electrical Equipment)	219,883

			4,364,765



Shares		Description	Value

	Common Stocks – (continued)
	Finland – 2.1%
	20,276	Kesko OYJ Class B (Consumer Staples Distribution & Retail)	$ 432,580
	16,878	Kone OYJ Class B (Machinery)	1,009,667
	28,499	Metso OYJ (Machinery)	304,723
	647	Neste OYJ (Oil, Gas & Consumable Fuels)	12,570
	106,332	Nordea Bank Abp (Banks)	1,254,689
	8,662	Orion OYJ Class B (Pharmaceuticals)	474,584
	3	Stora Enso OYJ Class R (Paper & Forest Products)	38

			3,488,851

	France – 11.9%
	3,522	Airbus SE (Aerospace & Defense)	515,467
	14,223	Amundi SA^(a)(Capital Markets)	1,063,124
	36,191	AXA SA (Insurance)	1,393,238
	29,137	BNP Paribas SA (Banks)	1,999,429
	21,873	Bouygues SA (Construction & Engineering)	732,114
	1,425	Capgemini SE (IT Services)	307,658
	113,231	Credit Agricole SA (Banks)	1,731,627
	12,806	Danone SA (Food Products)	932,782
	9,273	Dassault Systemes SE (Software)	368,331
	1	Edenred SE (Financial Services)	38
	108,433	Engie SA (Multi-Utilities)	1,875,044
	18,051	Getlink SE (Transportation Infrastructure)	321,969
	120	Hermes International SCA (Textiles, Apparel & Luxury Goods)	295,482
	974	Kering SA (Textiles, Apparel & Luxury Goods)	280,368
	1,005	La Francaise des Jeux SAEM^(a)(Hotels, Restaurants & Leisure)	41,355
	1,669	L’Oreal SA (Personal Products)	748,608
	3,497	LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods)	2,681,764
	14,431	Orange SA (Diversified Telecommunication Services)	165,558
	3,671	Pernod Ricard SA (Beverages)	555,394
	2,275	Rexel SA (Trading Companies & Distributors)	65,945
	10,227	Sanofi SA (Pharmaceuticals)	1,177,528
	548	Sartorius Stedim Biotech (Life Sciences Tools & Services)	114,739
	1,743	Schneider Electric SE (Electrical Equipment)	459,468
	7,777	TotalEnergies SE (Oil, Gas & Consumable Fuels)	503,150
	8,158	Vinci SA (Construction & Engineering)	953,642
	1	Vivendi SE (Media)	12

			19,283,834

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – (continued)
	Germany – 6.3%
	1,665	Allianz SE (Insurance)	$ 547,650
	31,388	BASF SE (Chemicals)	1,663,653
	4,412	Bechtle AG (IT Services)	197,358
	1,243	Carl Zeiss Meditec AG (Health Care Equipment & Supplies)	98,613
	12,730	Daimler Truck Holding AG (Machinery)	477,978
	22,464	Deutsche Post AG (Air Freight & Logistics)	1,002,044
	26,780	Mercedes-Benz Group AG (Automobiles)	1,735,321
	1,425	Nemetschek SE (Software)	148,114
	550	Rheinmetall AG (Aerospace & Defense)	298,994
	9,771	SAP SE (Software)	2,234,945
	7,615	Siemens AG (Industrial Conglomerates)	1,540,574
	4,920	Siemens Healthineers AG^(a)(Health Care Equipment & Supplies)	295,498

			10,240,742

	Hong Kong – 1.5%
	74,600	AIA Group Ltd. (Insurance)	651,471
	54,000	Galaxy Entertainment Group Ltd. (Hotels, Restaurants & Leisure)	266,662
	28,000	Hang Lung Properties Ltd. (Real Estate Management & Development)	26,983
	45,000	HKT Trust & HKT Ltd. (Diversified Telecommunication Services)	57,516
	98	Hong Kong & China Gas Co. Ltd. (Gas Utilities)	80
	12,096	Hong Kong Exchanges & Clearing Ltd. (Capital Markets)	494,126
	300	Jardine Matheson Holdings Ltd. (Industrial Conglomerates)	11,718
	73,368	MTR Corp. Ltd. (Ground Transportation)	274,263
	27,245	Sino Land Co. Ltd. (Real Estate Management & Development)	29,754
	31,000	Sun Hung Kai Properties Ltd. (Real Estate Management & Development)	335,881
	400	Swire Properties Ltd. (Real Estate Management & Development)	814
	24,500	Techtronic Industries Co. Ltd. (Machinery)	365,746

			2,515,014

	Ireland – 1.1%
	18,470	CRH PLC (Construction Materials)	1,712,908

	Israel – 0.2%
	13,593	Bank Hapoalim BM (Banks)	136,244
	96	CyberArk Software Ltd.* (Software)	27,995
	6,559	ICL Group Ltd. (Chemicals)	27,918



Shares		Description	Value

	Common Stocks – (continued)
	Israel – (continued)
	2,910	Teva Pharmaceutical Industries Ltd.* (Pharmaceuticals)	$ 52,438
	185	Wix.com Ltd.* (IT Services)	30,926

			275,521

	Italy – 3.2%
	274	Amplifon SpA (Health Care Providers & Services)	7,886
	21,729	Banco BPM SpA (Banks)	146,811
	6,411	Coca-Cola HBC AG (Beverages)	228,567
	47,076	Enel SpA (Electric Utilities)	376,034
	43,048	Eni SpA (Oil, Gas & Consumable Fuels)	655,084
	512,701	Intesa Sanpaolo SpA (Banks)	2,194,716
	37,491	Mediobanca Banca di Credito Finanziario SpA (Banks)	640,585
	8,467	Moncler SpA (Textiles, Apparel & Luxury Goods)	538,303
	6,836	Recordati Industria Chimica e Farmaceutica SpA (Pharmaceuticals)	386,823

			5,174,809

	Japan – 22.0%
	10,200	Advantest Corp. (Semiconductors & Semiconductor Equipment)	479,719
	12,400	AGC, Inc. (Building Products)	402,382
	4,800	Asahi Group Holdings Ltd. (Beverages)	62,913
	4,200	Asahi Intecc Co. Ltd. (Health Care Equipment & Supplies)	73,892
	16,600	Asahi Kasei Corp. (Chemicals)	125,851
	24,200	Astellas Pharma, Inc. (Pharmaceuticals)	279,688
	22,600	Bridgestone Corp. (Automobile Components)	872,764
	31,600	Canon, Inc. (Technology Hardware, Storage & Peripherals)	1,040,754
	8,200	Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals)	397,463
	1,500	Dai-ichi Life Holdings, Inc. (Insurance)	38,921
	16,700	Daiichi Sankyo Co. Ltd. (Pharmaceuticals)	551,640
	600	Daikin Industries Ltd. (Building Products)	84,217
	1,000	Daito Trust Construction Co. Ltd. (Real Estate Management & Development)	121,806
	69,500	Daiwa Securities Group, Inc. (Capital Markets)	492,940
	17,600	Denso Corp. (Automobile Components)	264,552
	1,400	Disco Corp. (Semiconductors & Semiconductor Equipment)	368,799
	4,800	Eisai Co. Ltd. (Pharmaceuticals)	178,920

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – (continued)
	Japan – (continued)
	23,700	FANUC Corp. (Machinery)	$ 696,079
	600	Fast Retailing Co. Ltd. (Specialty Retail)	199,078
	2,600	Fuji Electric Co. Ltd. (Electrical Equipment)	157,542
	1,300	Hikari Tsushin, Inc. (Industrial Conglomerates)	289,535
	1,916	Hirose Electric Co. Ltd. (Electronic Equipment, Instruments & Components)	244,510
	6,500	Hitachi Construction Machinery Co. Ltd. (Machinery)	159,316
	12,000	Hitachi Ltd. (Industrial Conglomerates)	318,208
	13,900	Honda Motor Co. Ltd. (Automobiles)	148,401
	2,900	Hoya Corp. (Health Care Equipment & Supplies)	401,660
	8,600	Inpex Corp. (Oil, Gas & Consumable Fuels)	116,434
	25,200	Isuzu Motors Ltd. (Automobiles)	343,606
	27,500	ITOCHU Corp. (Trading Companies & Distributors)	1,482,114
	14,600	Japan Post Insurance Co. Ltd. (Insurance)	268,146
	16,400	Japan Tobacco, Inc. (Tobacco)	478,203
	11,600	JFE Holdings, Inc. (Metals & Mining)	155,953
	12,400	Kajima Corp. (Construction & Engineering)	232,416
	6,700	Kansai Electric Power Co., Inc. (Electric Utilities)	111,038
	1,700	Kao Corp. (Personal Products)	84,025
	600	Keyence Corp. (Electronic Equipment, Instruments & Components)	287,557
	32,500	Kirin Holdings Co. Ltd. (Beverages)	495,295
	12,500	Komatsu Ltd. (Machinery)	349,934
	600	Lasertec Corp. (Semiconductors & Semiconductor Equipment)	100,036
	9,700	M3, Inc. (Health Care Technology)	97,136
	48,500	Marubeni Corp. (Trading Companies & Distributors)	801,309
	8,400	Mitsubishi Chemical Group Corp. (Chemicals)	54,032
	30,700	Mitsubishi Corp. (Trading Companies & Distributors)	637,941
	5,500	Mitsubishi Electric Corp. (Electrical Equipment)	89,215
	49,600	Mitsubishi HC Capital, Inc. (Financial Services)	352,265
	11,800	Mitsubishi Heavy Industries Ltd. (Machinery)	176,339
	104,300	Mitsubishi UFJ Financial Group, Inc. (Banks)	1,071,014
	24,200	Mitsui & Co. Ltd. (Trading Companies & Distributors)	541,210
	11,800	Mitsui OSK Lines Ltd. (Marine Transportation)	408,523



Shares		Description	Value

	Common Stocks – (continued)
	Japan – (continued)
	37,200	MS&AD Insurance Group Holdings, Inc. (Insurance)	$ 874,356
	20,700	Murata Manufacturing Co. Ltd. (Electronic Equipment, Instruments & Components)	409,626
	800	NIDEC Corp. (Electrical Equipment)	16,843
	13,000	Nintendo Co. Ltd. (Entertainment)	694,868
	1,000	Nippon Paint Holdings Co. Ltd. (Chemicals)	7,616
	463	Nippon Prologis REIT, Inc. (Industrial REITs)	793,089
	22,201	Nippon Steel Corp. (Metals & Mining)	497,572
	5,200	Nippon Yusen KK (Marine Transportation)	191,004
	3,900	Nissan Chemical Corp. (Chemicals)	140,003
	9,000	Nitto Denko Corp. (Chemicals)	151,454
	9,400	Nomura Research Institute Ltd. (IT Services)	348,850
	18,000	Obayashi Corp. (Construction & Engineering)	229,386
	5,500	Obic Co. Ltd. (IT Services)	192,963
	300	Odakyu Electric Railway Co. Ltd. (Ground Transportation)	3,346
	5,100	Olympus Corp. (Health Care Equipment & Supplies)	96,947
	4,000	Otsuka Corp. (IT Services)	98,788
	34,400	Panasonic Holdings Corp. (Household Durables)	302,195
	9,800	Recruit Holdings Co. Ltd. (Professional Services)	595,373
	5,100	Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment)	74,015
	20,300	Resona Holdings, Inc. (Banks)	142,244
	13,900	Seiko Epson Corp. (Technology Hardware, Storage & Peripherals)	257,131
	7,600	Sekisui Chemical Co. Ltd. (Household Durables)	118,832
	36,500	Sekisui House Ltd. (Household Durables)	1,013,448
	4,800	Seven & i Holdings Co. Ltd. (Consumer Staples Distribution & Retail)	72,277
	3,600	SG Holdings Co. Ltd. (Air Freight & Logistics)	38,611
	3,700	Shimadzu Corp. (Electronic Equipment, Instruments & Components)	123,752
	17,700	Shin-Etsu Chemical Co. Ltd. (Chemicals)	739,690
	800	Shiseido Co. Ltd. (Personal Products)	21,757
	1,364,000	SoftBank Corp. (Wireless Telecommunication Services)	1,780,825
	3,700	SoftBank Group Corp. (Wireless Telecommunication Services)	219,470

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – (continued)
	Japan – (continued)
	5,100	Sompo Holdings, Inc. (Insurance)	$ 114,958
	30,500	Sony Group Corp. (Household Durables)	592,541
	11,800	Sumitomo Corp. (Trading Companies & Distributors)	264,981
	45,900	Sumitomo Mitsui Financial Group, Inc. (Banks)	980,727
	10,800	Sysmex Corp. (Health Care Equipment & Supplies)	213,772
	4,300	T&D Holdings, Inc. (Insurance)	75,812
	41,200	Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals)	1,187,120
	15,000	TDK Corp. (Electronic Equipment, Instruments & Components)	191,615
	4,800	Tokio Marine Holdings, Inc. (Insurance)	176,997
	5,300	Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment)	945,179
	300	Tokyo Gas Co. Ltd. (Gas Utilities)	6,988
	6,600	TOTO Ltd. (Building Products)	245,503
	105,000	Toyota Motor Corp. (Automobiles)	1,887,271
	4,100	Trend Micro, Inc. (Software)	243,439
	66,400	USS Co. Ltd. (Specialty Retail)	630,267
	1,000	West Japan Railway Co. (Ground Transportation)	18,991
	300	Yamaha Corp. (Leisure Products)	2,594
	24,500	Yamaha Motor Co. Ltd. (Automobiles)	220,650
	200	Yamato Holdings Co. Ltd. (Air Freight & Logistics)	2,278
	900	Yaskawa Electric Corp. (Machinery)	31,506
	7,500	ZOZO, Inc. (Specialty Retail)	272,472

			35,737,283

	*Macau – 0.1%**
	90,400	Sands China Ltd. (Hotels, Restaurants & Leisure)	227,654

	Netherlands – 3.9%
	1	Akzo Nobel NV (Chemicals)	71
	414	Argenx SE* (Biotechnology)	223,846
	600	ASM International NV (Semiconductors & Semiconductor Equipment)	395,856
	3,852	ASML Holding NV (Semiconductors & Semiconductor Equipment)	3,204,324
	17,546	ASR Nederland NV (Insurance)	860,146
	1,017	BE Semiconductor Industries NV (Semiconductors & Semiconductor Equipment)	129,709
	42	Heineken NV (Beverages)	3,728
	36,753	Koninklijke Philips NV* (Health Care Equipment & Supplies)	1,204,969
	4,249	NN Group NV (Insurance)	212,008
	238	Prosus NV (Broadline Retail)	10,401
	2,508	Randstad NV (Professional Services)	124,613



Shares		Description	Value

	Common Stocks – (continued)
	Netherlands – (continued)
	1,068	Universal Music Group NV (Entertainment)	$ 27,940

			6,397,611

	New Zealand – 0.9%
	16,591	Fisher & Paykel Healthcare Corp. Ltd. (Health Care Equipment & Supplies)	367,759
	36,465	Meridian Energy Ltd. (Independent Power and Renewable Electricity Producers)	137,607
	460,620	Spark New Zealand Ltd. (Diversified Telecommunication Services)	886,675

			1,392,041

	Norway – 0.6%
	4,968	Aker BP ASA (Oil, Gas & Consumable Fuels)	106,330
	58	Gjensidige Forsikring ASA (Insurance)	1,085
	20,044	Norsk Hydro ASA (Metals & Mining)	129,484
	4,592	Salmar ASA (Food Products)	240,850
	45,454	Telenor ASA (Diversified Telecommunication Services)	581,476

			1,059,225

	Portugal – 0.1%
	9,319	Jeronimo Martins SGPS SA (Consumer Staples Distribution & Retail)	182,987

	Singapore – 1.3%
	1,500	City Developments Ltd. (Real Estate Management & Development)	6,284
	23,700	DBS Group Holdings Ltd. (Banks)	701,859
	27,900	Keppel Ltd. (Industrial Conglomerates)	143,313
	511	Sea Ltd.* (Entertainment)	48,177
	4,962	Seatrium Ltd.* (Machinery)	6,873
	13,900	Singapore Exchange Ltd. (Capital Markets)	123,164
	208,400	Singapore Technologies Engineering Ltd. (Aerospace & Defense)	752,687
	121,600	Singapore Telecommunications Ltd. (Diversified Telecommunication Services)	305,753

			2,088,110

	Spain – 2.3%
	3,623	Aena SME SA^(a)(Transportation Infrastructure)	795,884
	169	Amadeus IT Group SA (Hotels, Restaurants & Leisure)	12,240
	92,474	Enagas SA (Gas Utilities)	1,418,494
	6,904	Endesa SA (Electric Utilities)	150,830
	11,487	Industria de Diseno Textil SA (Specialty Retail)	680,334
	4,107	Repsol SA (Oil, Gas & Consumable Fuels)	54,168

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – (continued)
	Spain – (continued)
	117,375	Telefonica SA (Diversified Telecommunication Services)	$ 574,208

			3,686,158

	Sweden – 2.5%
	11,084	Assa Abloy AB Class B (Building Products)	373,419
	7,042	Atlas Copco AB Class A (Machinery)	136,477
	40,761	Atlas Copco AB Class B (Machinery)	699,371
	1,550	EQT AB (Capital Markets)	53,208
	37,271	H & M Hennes & Mauritz AB Class B (Specialty Retail)	634,785
	2,157	Investment AB Latour Class B (Industrial Conglomerates)	67,391
	33,129	Nibe Industrier AB Class B (Building Products)	181,569
	123,506	Tele2 AB Class B (Wireless Telecommunication Services)	1,397,307
	139,600	Telia Co. AB (Diversified Telecommunication Services)	451,411

			3,994,938

	Switzerland – 11.1%
	6,863	ABB Ltd. (Electrical Equipment)	398,161
	41,020	Adecco Group AG (Professional Services)	1,398,959
	1,211	Bachem Holding AG (Life Sciences Tools & Services)	102,089
	501	Cie Financiere Richemont SA Class A (Textiles, Apparel & Luxury Goods)	79,561
	5,623	DSM-Firmenich AG (Chemicals)	776,014
	713	Geberit AG (Building Products)	465,451
	10,445	Holcim AG (Construction Materials)	1,022,908
	1,578	Kuehne & Nagel International AG (Marine Transportation)	431,139
	28,308	Nestle SA (Food Products)	2,844,739
	22,119	Novartis AG (Pharmaceuticals)	2,546,832
	468	Partners Group Holding AG (Capital Markets)	705,592
	6,564	Roche Holding AG (Pharmaceuticals)	2,100,593
	6,644	SGS SA (Professional Services)	741,877
	5,513	SIG Group AG (Containers & Packaging)	122,912
	1,110	Sika AG (Chemicals)	367,927
	766	Sonova Holding AG (Health Care Equipment & Supplies)	275,910
	2,265	Straumann Holding AG (Health Care Equipment & Supplies)	370,498
	7,477	Swiss Re AG (Insurance)	1,034,663
	662	VAT Group AG^(a)(Machinery)	338,546
	3,229	Zurich Insurance Group AG (Insurance)	1,950,831

			18,075,202



Shares		Description	Value

	Common Stocks – (continued)
	United Arab Emirates – 0.2%
	7,315	Experian PLC (Professional Services)	$ 385,278

	United Kingdom – 14.7%
	997	Anglo American PLC (Metals & Mining)	32,408
	1,429	Ashtead Group PLC (Trading Companies & Distributors)	110,720
	17,478	AstraZeneca PLC (Pharmaceuticals)	1,361,711
	55,060	BAE Systems PLC (Aerospace & Defense)	914,110
	2,733	BP PLC (Oil, Gas & Consumable Fuels)	85,789
	15,806	British American Tobacco PLC (Tobacco)	576,256
	4,415	Coca-Cola Europacific Partners PLC (Beverages)	347,681
	13,945	Diageo PLC (Beverages)	487,097
	74,513	Evraz PLC* (Metals & Mining)	—
	31,029	GSK PLC (Pharmaceuticals)	1,268,466
	228,322	HSBC Holdings PLC^(b)(Banks)	3,235,539
	17,297	Imperial Brands PLC (Tobacco)	503,153
	379,782	M&G PLC (Financial Services)	1,053,460
	46,586	National Grid PLC (Multi-Utilities)	643,958
	55,810	Persimmon PLC (Household Durables)	1,228,147
	149,885	Phoenix Group Holdings PLC (Insurance)	1,122,680
	3,787	Reckitt Benckiser Group PLC (Household Products)	231,705
	17,073	RELX PLC (Professional Services)	806,124
	1,647	Rentokil Initial PLC (Commerical Services & Supplies)	41,060
	32,916	Rio Tinto PLC (Metals & Mining)	2,342,632
	19	Rolls-Royce Holdings PLC* (Aerospace & Defense)	134
	15,392	Segro PLC (Industrial REITs)	180,402
	82,070	Shell PLC (Oil, Gas & Consumable Fuels)	2,665,145
	44,439	SSE PLC (Electric Utilities)	1,120,058
	9,343	St. James’s Place PLC (Capital Markets)	91,786
	153,062	Taylor Wimpey PLC (Household Durables)	336,688
	32,698	Unilever PLC (Personal Products)	2,123,429
	94,560	Vodafone Group PLC (Wireless Telecommunication Services)	947,491

			23,857,829

	TOTAL COMMON STOCKS (Cost $119,040,259)		$158,711,820

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)


Shares		Dividend Rate	Value

	Preferred Stocks – 1.1%
	Germany – 1.1%
	Bayerische Motoren Werke AG (Automobiles)
	17,214	8.119%	$ 1,428,542
	Sartorius AG (Life Sciences Tools & Services)
	423	0.295	118,939
	Volkswagen AG (Automobiles)
	1,650	9.561	175,250

	TOTAL PREFERRED STOCKS (Cost $1,572,564)		$ 1,722,731



	Investment Company^(c)– 0.5%
	Goldman Sachs Financial Square Government Fund — Institutional Shares
	772,054	4.854%	$ 772,054
	(Cost $772,054)



	Securities Lending Reinvestment Vehicle^(c)– 0.5%
	Goldman Sachs Financial Square Government Fund — Institutional Shares
	852,065	4.854%	$ 852,065
	(Cost $852,065)

	TOTAL INVESTMENTS – 99.8% (Cost $122,236,942)		$162,058,670

	OTHER ASSETS IN EXCESS OF LIABILITIES – 0.2%		328,540

	NET ASSETS – 100.0%		$162,387,210



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

*		Non-income producing security.

(a)		Exempt from registration under Rule 144A of the Securities Act of 1933.

(b)		All or a portion of security is on loan.

(c)		Represents an Affiliated Issuer.



SECTOR ALLOCATION AS OF SEPTEMBER 30, 2024
Sector	% of Total Market Value
Financials		21.4	%
Industrials		16.9
Health Care		12.6
Consumer Discretionary		11.2
Materials		8.1
Information Technology		7.7
Consumer Staples		7.5
Communication Services		5.0
Utilities		4.2
Energy		3.5
Real Estate		1.4
Investment Company		0.5
		100.0	%

GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

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


Description	Number of Contracts	Expiration Date	Notional Amount		Unrealized Appreciation/ (Depreciation)

Long position contracts:
Euro Stoxx 50 Index	23	12/20/24	$	1,287,803	$	42,622
FTSE 100 Index	4	12/20/24		443,252		(2,794	)
Hang Seng Index	1	10/30/24		136,856		18,874
MSCI Singapore Index	2	10/29/24		53,437		(26	)
S&P 200 Index	1	12/19/24		143,559		2,055
TOPIX Futures	4	12/12/24		736,824		32,040

TOTAL FUTURES CONTRACTS					$	92,771

WRITTEN OPTIONS CONTRACTS — At September 30, 2024, the Fund had the following written options contracts:

EXCHANGE TRADED INDEX OPTIONS


Description	Exercise Price		Expiration Date		Number of Contracts		Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)

Written option contracts
Calls
Euro Stoxx 50 Index		$ 5,025.00		12/20/2024		(681)	$	(342,202,500	)	$	(1,102,969	)	$	(685,088	)	$	(417,881	)
FTSE 100 Index		8,450.00		12/20/2024		(99)		(83,655,000	)		(133,020	)		(157,576	)		24,556
Nikkei 225 Index		37,250.00		12/13/2024		(59)		(219,775,000	)		(841,538	)		(530,843	)		(310,695	)

Total written option contracts						(839)	$	(645,632,500	)	$	(2,077,527	)	$	(1,373,507	)	$	(704,020	)



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

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – 100.4%
	Aerospace & Defense – 2.1%
	55,900	General Dynamics Corp.	$ 16,892,980
	82,900	General Electric Co.	15,633,282
	124,677	RTX Corp.	15,105,865
	17,900	TransDigm Group, Inc.	25,545,627

			73,177,754

	Air Freight & Logistics – 0.7%
	169,344	United Parcel Service, Inc. Class B	23,088,361

	Automobile Components – 0.1%
	23,300	Lear Corp.	2,543,195
	6,100	QuantumScape Corp.*^(a)	35,075

			2,578,270

	*Automobiles – 1.5%**
	11,500	Lucid Group, Inc.^(a)	40,595
	203,233	Tesla, Inc.	53,171,850

			53,212,445

	Banks – 3.2%
	148,200	Citigroup, Inc.	9,277,320
	156,029	Columbia Banking System, Inc.	4,073,917
	6,300	Cullen/Frost Bankers, Inc.	704,718
	7,300	First Hawaiian, Inc.	168,995
	80,500	First Horizon Corp.	1,250,165
	66,000	FNB Corp.	931,260
	198,906	JPMorgan Chase & Co.^(b)	41,941,319
	1,092,000	KeyCorp	18,291,000
	87,800	PNC Financial Services Group, Inc.	16,229,830
	391,400	U.S. Bancorp	17,898,722
	600	Webster Financial Corp.	27,966

			110,795,212

	Beverages – 1.6%
	459,070	Coca-Cola Co.	32,988,770
	133,851	PepsiCo, Inc.	22,761,363

			55,750,133

	Biotechnology – 1.9%
	185,986	AbbVie, Inc.	36,728,515
	40,661	Amgen, Inc.	13,101,381
	212,595	Gilead Sciences, Inc.	17,823,965
	3,600	Mirati Therapeutics, Inc.*^(c)	2,520
	1,742	Natera, Inc.*	221,147
	974	Sarepta Therapeutics, Inc.*	121,643

			67,999,171

	*Broadline Retail – 3.5%**
	651,068	Amazon.com, Inc.	121,313,501
	718	MercadoLibre, Inc.	1,473,307

			122,786,808



Shares		Description	Value

	Common Stocks – (continued)
	Building Products – 0.0%
	1,800	Advanced Drainage Systems, Inc.	$ 282,888
	200	Lennox International, Inc.	120,858

			403,746

	Capital Markets – 3.3%
	94,300	ARES Management Corp. Class A	14,695,712
	18,800	BlackRock, Inc.	17,850,788
	117,600	Blackstone, Inc.	18,008,088
	83,600	Blue Owl Capital, Inc.	1,618,496
	23,400	Carlyle Group, Inc.	1,007,604
	4,700	Evercore, Inc. Class A	1,190,698
	665,000	Franklin Resources, Inc.	13,399,750
	296,700	Janus Henderson Group PLC	11,295,369
	44,700	Jefferies Financial Group, Inc.	2,751,285
	197,474	Morgan Stanley	20,584,690
	4,125	Robinhood Markets, Inc. Class A*	96,607
	119,500	T. Rowe Price Group, Inc.	13,017,135

			115,516,222

	Chemicals – 1.5%
	524,303	Dow, Inc.	28,642,673
	67,001	Huntsman Corp.	1,621,424
	231,600	LyondellBasell Industries NV Class A	22,210,440

			52,474,537

	Commerical Services & Supplies – 0.0%
	600	MSA Safety, Inc.	106,404
	1	Vestis Corp.	15

			106,419

	Communications Equipment – 0.9%
	561,393	Cisco Systems, Inc.	29,877,335

	Construction & Engineering – 0.1%
	50,500	MDU Resources Group, Inc.	1,384,205
	1,200	Valmont Industries, Inc.	347,940

			1,732,145

	Consumer Finance – 0.0%
	5,600	OneMain Holdings, Inc.	263,592
	17,600	SLM Corp.	402,512
	18,700	SoFi Technologies, Inc.*	146,982

			813,086

	Consumer Staples Distribution & Retail – 1.7%
	27,170	Costco Wholesale Corp.	24,086,748
	85,400	Target Corp.	13,310,444
	268,489	Walmart, Inc.	21,680,487

			59,077,679

	Containers & Packaging – 0.9%
	1,466,600	Amcor PLC	16,616,578

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – (continued)
	Containers & Packaging – (continued)
	60,800	Packaging Corp. of America	$ 13,096,320
	44,400	Sonoco Products Co.	2,425,572

			32,138,470

	Diversified Consumer Services – 0.1%
	19,672	ADT, Inc.	142,229
	24,800	H&R Block, Inc.	1,576,040

			1,718,269

	Diversified REITs – 0.0%
	7,100	WP Carey, Inc.	442,330

	Diversified Telecommunication Services – 1.7%
	1,201,324	AT&T, Inc.	26,429,128
	772,410	Verizon Communications, Inc.^(b)	34,688,933

			61,118,061

	Electric Utilities – 2.0%
	12,600	Avangrid, Inc.	450,954
	272,900	Duke Energy Corp.	31,465,370
	193,000	OGE Energy Corp.	7,916,860
	330,301	Southern Co.	29,786,544

			69,619,728

	Electrical Equipment – 0.8%
	87,562	Eaton Corp. PLC	29,021,549

	Electronic Equipment, Instruments & Components – 0.1%
	69,300	Avnet, Inc.	3,763,683

	*Entertainment – 0.7%**
	33,917	Netflix, Inc.	24,056,311
	12,228	ROBLOX Corp. Class A	541,211
	3,980	Roku, Inc.	297,147

			24,894,669

	Financial Services – 3.1%
	17,776	Affirm Holdings, Inc.*	725,616
	41,600	Apollo Global Management, Inc.	5,196,256
	75,714	Berkshire Hathaway, Inc. Class B*	34,848,126
	7,247	Block, Inc.*	486,491
	110,700	Corebridge Financial, Inc.	3,228,012
	142,600	Equitable Holdings, Inc.	5,993,478
	48,675	Mastercard, Inc. Class A	24,035,715
	3,800	Shift4 Payments, Inc. Class A*	336,680
	110,513	Visa, Inc. Class A	30,385,550
	426,999	Western Union Co.	5,094,098

			110,330,022

	Food Products – 0.5%
	78,000	Flowers Foods, Inc.	1,799,460
	469,300	Kraft Heinz Co.	16,477,123

			18,276,583



Shares		Description	Value

	Common Stocks – (continued)
	Ground Transportation – 0.7%
	100	Avis Budget Group, Inc.	$ 8,759
	16,500	Ryder System, Inc.	2,405,700
	82,561	Union Pacific Corp.	20,349,635

			22,764,094

	Health Care Equipment & Supplies – 2.4%
	183,505	Abbott Laboratories	20,921,405
	32,602	Intuitive Surgical, Inc.*	16,016,384
	323,253	Medtronic PLC	29,102,468
	3,741	Penumbra, Inc.*	726,914
	50,888	Stryker Corp.	18,383,799

			85,150,970

	Health Care Providers & Services – 2.4%
	29,636	Cigna Group	10,267,096
	275,886	CVS Health Corp.	17,347,712
	23,900	Elevance Health, Inc.	12,428,000
	75,618	UnitedHealth Group, Inc.	44,212,332

			84,255,140

	Health Care REITs – 0.6%
	6,800	Healthcare Realty Trust, Inc.	123,420
	5	Omega Healthcare Investors, Inc.	204
	156,000	Welltower, Inc.	19,972,680

			20,096,304

	Hotels, Restaurants & Leisure – 2.2%
	32,254	Aramark	1,249,197
	3,400	Booking Holdings, Inc.	14,321,208
	74,100	Darden Restaurants, Inc.	12,162,033
	1,400	DoorDash, Inc. Class A*	199,822
	18,300	DraftKings, Inc. Class A*	717,360
	20,919	Hyatt Hotels Corp. Class A	3,183,872
	700	Marriott Vacations Worldwide Corp.	51,436
	94,600	McDonald’s Corp.	28,806,646
	171,833	Starbucks Corp.	16,751,999
	8,000	Travel & Leisure Co.	368,640
	5,400	Vail Resorts, Inc.	941,166

			78,753,379

	Household Durables – 0.1%
	60,800	Leggett & Platt, Inc.	828,096
	12,600	Tempur Sealy International, Inc.	687,960
	200	TopBuild Corp.*	81,362

			1,597,418

	Household Products – 1.4%
	65,662	Kimberly-Clark Corp.	9,342,389
	230,598	Procter & Gamble Co.	39,939,574
	26,100	Reynolds Consumer Products, Inc.	811,710

			50,093,673

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – (continued)
	Industrial REITs – 0.8%
	9,200	First Industrial Realty Trust, Inc.	$ 515,016
	186,400	Prologis, Inc.	23,538,592
	82,100	Rexford Industrial Realty, Inc.	4,130,451

			28,184,059

	Insurance – 2.3%
	79,900	Allstate Corp.	15,153,035
	10,300	American Financial Group, Inc.	1,386,380
	8,800	Axis Capital Holdings Ltd.	700,568
	32,300	CNA Financial Corp.	1,580,762
	7,200	Erie Indemnity Co. Class A	3,886,704
	131,858	Fidelity National Financial, Inc.	8,183,107
	42,600	First American Financial Corp.	2,812,026
	3,300	Hanover Insurance Group, Inc.	488,763
	448,104	Old Republic International Corp.	15,871,844
	240,053	Prudential Financial, Inc.	29,070,418
	1,000	Reinsurance Group of America, Inc.	217,870
	41,100	Unum Group	2,442,984

			81,794,461

	Interactive Media & Services – 6.6%
	165,599	Alphabet, Inc. Class C	27,686,497
	644,753	Alphabet, Inc. Class A	106,932,285
	1	Match Group, Inc.*	38
	165,962	Meta Platforms, Inc. Class A	95,003,287
	4,400	Pinterest, Inc. Class A*	142,428
	38,200	Snap, Inc. Class A*	408,740

			230,173,275

	IT Services – 1.6%
	57,439	Accenture PLC Class A	20,303,538
	13,500	Amdocs Ltd.	1,180,980
	13,900	Cloudflare, Inc. Class A*	1,124,371
	140,578	International Business Machines Corp.	31,078,984
	3	Kyndryl Holdings, Inc.*	69
	5,688	MongoDB, Inc.*	1,537,751
	5,724	Okta, Inc.*	425,522
	4,700	Snowflake, Inc. Class A*	539,842

			56,191,057

	Leisure Products – 0.0%
	9,300	Brunswick Corp.	779,526

	Life Sciences Tools & Services – 0.7%
	13,952	10X Genomics, Inc. Class A*	315,036
	4,482	Azenta, Inc.*	217,108
	8,900	Bruker Corp.	614,634
	75,125	Danaher Corp.	20,886,253
	21,400	Repligen Corp.*	3,184,748

			25,217,779



Shares		Description	Value

	Common Stocks – (continued)
	Machinery – 1.4%
	59,305	Caterpillar, Inc.	$ 23,195,372
	7,000	Flowserve Corp.	361,830
	98,980	Illinois Tool Works, Inc.	25,939,688
	1,600	Lincoln Electric Holdings, Inc.	307,232

			49,804,122

	Media – 0.8%
	409,500	Interpublic Group of Cos., Inc.	12,952,485
	127,400	Omnicom Group, Inc.	13,171,886
	3,500	Trade Desk, Inc. Class A*	383,775

			26,508,146

	Metals & Mining – 0.3%
	83,500	Newmont Corp.	4,463,075
	58,715	Southern Copper Corp.	6,791,564

			11,254,639

	Multi-Utilities – 0.7%
	443,444	Dominion Energy, Inc.	25,626,629

	Office REITs – 0.0%
	2	NET Lease Office Properties	61

	Oil, Gas & Consumable Fuels – 4.1%
	173,017	Chevron Corp.	25,480,213
	68,000	Diamondback Energy, Inc.	11,723,200
	5,200	DT Midstream, Inc.	409,032
	368,944	Exxon Mobil Corp.	43,247,616
	1,328,800	Kinder Morgan, Inc.	29,353,192
	159,300	ONEOK, Inc.	14,517,009
	1	Vitesse Energy, Inc.	24
	446,600	Williams Cos., Inc.	20,387,290

			145,117,576

	Paper & Forest Products – 0.0%
	7	Sylvamo Corp.	601

	Personal Products – 0.4%
	610,416	Kenvue, Inc.	14,118,922

	Pharmaceuticals – 4.5%
	364,634	Bristol-Myers Squibb Co.	18,866,163
	56,933	Eli Lilly & Co.	50,439,222
	226,743	Johnson & Johnson	36,745,971
	196,099	Merck & Co., Inc.	22,269,002
	7	Organon & Co.	134
	1,053,802	Pfizer, Inc.	30,497,030
	5	Viatris, Inc.	58

			158,817,580

	Professional Services – 1.3%
	62,585	Automatic Data Processing, Inc.	17,319,147
	20,933	Booz Allen Hamilton Holding Corp.	3,407,055
	31,800	ManpowerGroup, Inc.	2,337,936

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)



Shares		Description	Value

	Common Stocks – (continued)
	Professional Services – (continued)
	172,600	Paychex, Inc.	$ 23,161,194

			46,225,332

	Residential REITs – 0.2%
	189,690	American Homes 4 Rent Class A	7,282,199
	1,193	Sun Communities, Inc.	161,234

			7,443,433

	Retail REITs – 0.0%
	14,300	Brixmor Property Group, Inc.	398,398
	8,300	NNN REIT, Inc.	402,467
	1	Realty Income Corp.	63

			800,928

	Semiconductors & Semiconductor Equipment – 11.7%
	129,393	Advanced Micro Devices, Inc.*	21,230,803
	70,600	Analog Devices, Inc.	16,250,002
	78,200	Applied Materials, Inc.	15,800,310
	362,260	Broadcom, Inc.	62,489,850
	313,408	Intel Corp.	7,352,552
	13,353	Lam Research Corp.	10,897,116
	1,759	Marvell Technology, Inc.	126,859
	84,000	Micron Technology, Inc.	8,711,640
	1,828,700	NVIDIA Corp.	222,077,328
	104,697	QUALCOMM, Inc.	17,803,725
	129,550	Texas Instruments, Inc.	26,761,144

			409,501,329

	Software – 10.1%
	31,273	Adobe, Inc.*	16,192,534
	400	AppLovin Corp. Class A*	52,220
	9,800	Atlassian Corp. Class A*	1,556,338
	8,400	Bill Holdings, Inc.*	443,184
	18,633	Confluent, Inc. Class A*	379,741
	24,400	Crowdstrike Holdings, Inc. Class A*	6,843,468
	21,900	Datadog, Inc. Class A*	2,519,814
	6,000	Elastic NV*	460,560
	4,900	Five9, Inc.*	140,777
	7,600	HubSpot, Inc.*	4,040,160
	29,220	Intuit, Inc.	18,145,620
	555,421	Microsoft Corp.^(b)	238,997,656
	3,000	nCino, Inc.*	94,770
	109,976	Oracle Corp.	18,739,910
	54,000	Palantir Technologies, Inc. Class A*	2,008,800
	82,080	Salesforce, Inc.	22,466,117
	14,136	SentinelOne, Inc. Class A*	338,133
	18,462	ServiceNow, Inc.*	16,512,228
	23,400	Smartsheet, Inc. Class A*	1,295,424
	33,972	Unity Software, Inc.*	768,447
	13,100	Zscaler, Inc.*	2,239,314

			354,235,215



Shares		Description	Value

	Common Stocks – (continued)
	Specialized REITs – 0.5%
	17,100	CubeSmart	$ 920,493
	14,400	Equinix, Inc.	12,781,872
	41,400	Gaming & Leisure Properties, Inc.	2,130,030
	3,100	Rayonier, Inc.	99,758

			15,932,153

	Specialty Retail – 2.3%
	18,100	Dick’s Sporting Goods, Inc.	3,777,470
	13,400	Gap, Inc.	295,470
	99,276	Home Depot, Inc.	40,226,635
	61,599	Lowe’s Cos., Inc.	16,684,089
	9,000	Penske Automotive Group, Inc.	1,461,780
	144,800	TJX Cos., Inc.	17,019,792
	1,400	Wayfair, Inc. Class A*	78,652
	4,400	Williams-Sonoma, Inc.	681,648

			80,225,536

	Technology Hardware, Storage & Peripherals – 6.9%
	1,020,380	Apple, Inc.	237,748,540
	28,900	Dell Technologies, Inc. Class C	3,425,806

			241,174,346

	Textiles, Apparel & Luxury Goods – 0.0%
	16,200	Carter’s, Inc.	1,052,676
	2	Kontoor Brands, Inc.	164

			1,052,840

	Tobacco – 0.6%
	442,492	Altria Group, Inc.	22,584,792

	Trading Companies & Distributors – 0.8%
	209,100	Fastenal Co.	14,933,922
	78,500	MSC Industrial Direct Co., Inc. Class A	6,755,710
	10,499	Watsco, Inc.	5,164,248

			26,853,880

	TOTAL COMMON STOCKS (Cost $2,266,394,767)		$3,523,041,882


Shares		Dividend Rate	Value

	Investment Company^(d)– 0.7%
	Goldman Sachs Financial Square Government Fund — Institutional Shares
	26,253,330	4.854%	$ 26,253,330
	(Cost $26,253,330)

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)


Shares		Dividend Rate	Value

	Securities Lending Reinvestment Vehicle^(d)– 0.0%
	Goldman Sachs Financial Square Government Fund — Institutional Shares
	40,875	4.854%	$ 40,875
	(Cost $40,875)

	TOTAL INVESTMENTS – 101.1% (Cost $2,292,688,972)		$3,549,336,087

	OTHER ASSETS IN EXCESS OF LIABILITIES – (1.1)%		(38,850,760)

	NET ASSETS – 100.0%		$3,510,485,327



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

*		Non-income producing security.

(a)		All or a portion of security is on loan.

(b)		All or a portion of security is segregated as collateral for initial margin requirement on futures transactions.

(c)		Significant unobservable inputs were used in the valuation of this portfolio security; i.e., Level 3.

(d)		Represents an Affiliated Issuer.

GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

Schedule of Investments (continued)

September 30, 2024 (Unaudited)

ADDITIONAL INVESTMENT INFORMATION

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

Description

Number of

Contracts

Expiration

Date

Notional
Amount

Unrealized

Appreciation/

(Depreciation)

Long position contracts:

S&P 500 E-Mini Index

12/20/24

19,187,025

407,527

WRITTEN OPTIONS CONTRACTS — At September 30, 2024, the Fund had the following written options contracts:

EXCHANGE TRADED INDEX OPTIONS


Description	Exercise Price		Expiration Date		Number of Contracts		Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation/ (Depreciation)

Written option contracts
Calls
S&P 500 Index		$5,650.00		10/31/2024		(786)	$	(444,090,000	)	$	(13,892,550	)	$	(8,997,931	)	$	(4,894,619	)
S&P 500 Index		5,715.00		11/29/2024		(806)		(460,629,000	)		(15,201,160	)		(11,201,788	)		(3,999,372	)
S&P 500 Index		5,845.00		12/31/2024		(797)		(465,846,500	)		(11,475,007	)		(11,475,007	)		—

Total written option contracts						(2,389)	$	(1,370,565,500	)	$	(40,568,717	)	$	(31,674,726	)	$	(8,893,991	)



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

GOLDMAN SACHS TAX-ADVANTAGED EQUITY FUNDS II

Schedule of Investments (continued)

September 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 assumptions in determining fair value measurement).

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

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

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 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 TAX-ADVANTAGED EQUITY FUNDS II

Schedule of Investments (continued)

September 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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

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

Exchange-traded derivatives, including futures and options contracts, are generally valued at the last sale or settlement price on the exchange where they are principally traded. Exchange-traded options without settlement prices are generally valued at the midpoint of the bid and ask prices on the exchange where they are principally traded (or, in the absence of two-way trading, at the last bid price for long positions and the last ask price for short positions). Exchange-traded derivatives typically fall within Level 1 of the fair value hierarchy. Over-the-counter (“OTC”) and centrally cleared derivatives are valued using market transactions and other market evidence, including market-based inputs to models, calibration to market-clearing transactions, broker or dealer quotations, or other alternative pricing sources. Where models are used, the selection of a particular model to value OTC and centrally cleared derivatives depends upon the contractual terms of, and specific risks inherent in, the instrument, as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit curves, measures of volatility, voluntary and involuntary prepayment rates, loss severity rates and correlations of such inputs. For OTC and centrally cleared derivatives that trade in liquid markets, model inputs can generally be verified and model selection does not involve significant management judgment. OTC and centrally cleared derivatives are classified within Level 2 of the fair value hierarchy when significant inputs are corroborated by market evidence.

i. Futures Contracts — Futures contracts are contracts to buy or sell a standardized quantity of a specified commodity or security. Upon entering into a futures contract, a Fund deposits cash or securities in an account on behalf of the broker in an amount sufficient to meet the initial margin requirement. Subsequent payments are made or received by a Fund equal to the daily change in the contract value and are recorded as variation margin receivable or payable with a corresponding offset to unrealized gains or losses.

ii. Options Contracts — 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.

Level 3 Fair Value Investments — To the extent that significant inputs to valuation models and other alternative pricing sources are unobservable, or if quotations are not readily available, or if GSAM believes that such quotations do not accurately reflect fair value, the fair value of a Fund’s investments may be determined under the Valuation Procedures. GSAM, consistent with its procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund’s NAV. To the extent investments are valued using single source broker quotations obtained directly from the broker or passed through from third party pricing vendors, such investments are classified as Level 3 investments.

GOLDMAN SACHS TAX-ADVANTAGED EQUITY FUNDS II

Schedule of Investments (continued)

September 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 September 30, 2024:


INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

Investment Type	Level 1			Level 2		Level 3

Assets
Common Stock and/or Other Equity Investments^(a)
Asia	$	111,359		$	40,758,519	$	—
Australia and Oceania		1,024,282			13,466,543		—
Europe		14,752,152			88,481,554		—
North America		59,895			57,516		—
Preferred Stocks		—			1,722,731		—
Securities Lending Reinvestment Vehicle		852,065			—		—
Investment Company		772,054			—		—

Total	$	17,571,807		$	144,486,863	$	—

Derivative Type

Assets^(b)
Futures Contracts	$	95,591		$	—	$	—

Liabilities
Futures Contracts^(b)	$	(2,820	)	$	—	$	—
Written Option Contracts		(2,077,527	)		—		—

Total	$	(2,080,347	)	$	—	$	—

U.S. EQUITY DIVIDEND AND PREMIUM FUND

Investment Type	Level 1			Level 2		Level 3

Assets
Common Stock and/or Other Equity Investments^(a)
Europe	$	107,810,868		$	—	$	—
North America		3,415,228,494			—		2,520
Securities Lending Reinvestment Vehicle		40,875			—		—
Investment Company		26,253,330			—		—

Total	$	3,549,333,567		$	—	$	2,520

Derivative Type

Assets^(b)
Futures Contracts	$	407,527		$	—	$	—

Liabilities
Written Option Contracts	$	(40,568,717	)	$	—	$	—

(a)

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

(b)

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

GOLDMAN SACHS TAX-ADVANTAGED EQUITY FUNDS II

Schedule of Investments (continued)

September 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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

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

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

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. To the extent that a Fund also invests in securities of issuers located in, or economically tied to, emerging markets, these risks may be more pronounced.

Foreign Custody Risk — The Funds invest Fund 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 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.

GOLDMAN SACHS TAX-ADVANTAGED EQUITY FUNDS II

Schedule of Investments (continued)

September 30, 2024 (Unaudited)

NOTES TO THE SCHEDULE OF INVESTMENTS (continued)

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.

Management Risk — A strategy used by the Investment Adviser may fail to produce the intended results.

Market Risk — The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. Events such as war, 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 the Fund and its investments.

Option Writing Risk — Writing (selling) options may limit the opportunity to profit from an increase or decrease in the market value of a reference security in exchange for up-front cash (the premium) at the time of selling the option. In a sharp rising or falling market, the Fund could significantly underperform the market or other portfolios without an option writing strategy. The Fund could also experience a sudden, significant permanent loss due to dramatic movements in the market value of reference security, which may far exceed the premiums received for writing the option. Such significant losses could cause significant deteriorations in the Fund’s NAV. Furthermore, the premium received from the Fund’s option writing strategies may not fully protect it against market movements because the Fund will continue to bear the risk of movements in the value of its portfolio investments.

Tax-Managed Investment Risk — Because the Investment Adviser balances investment considerations and tax considerations, the pre-tax performance of the Goldman Sachs Tax-Advantaged Global Equity Portfolio may be lower than the performance of similar funds that are not tax-managed. This is because the Investment Adviser may choose not to make certain investments that may result in taxable distributions to the Goldman Sachs Tax-Advantaged Global Equity Portfolio. Even though tax managed strategies are being used, they may not reduce the amount of taxable income and capital gains distributed by the Goldman Sachs Tax-Advantaged Global Equity Portfolio to shareholders.

Goldman Sachs High Yield Instl (GSHIX) NPORT-PGoldman Sachs U.S. Equity Dividend and Premium Fund (Sep 2024 report)