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      <invstOrSec>
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      <invstOrSec>
        <name>EAST BAY CA REGL PARK DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>LOS ANGELES CNTY CA MET TRANSP</name>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp;</name>
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          <isin value="US13033WKZ58"/>
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        <title>Commonwealth of Puerto Rico</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST POLL CONTROL FIN</name>
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        <title>California Pollution Control Financing Authority</title>
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          <isin value="US130536QW85"/>
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        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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        <title>California Community Choice Financing Authority</title>
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          <isin value="US13013JFD37"/>
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        <name>SOUTH SAN FRANCISCO CA UNIF SC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VIRGIN ISLANDS TRANSPRTN &amp; INF</name>
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        <name>GUAM PWR AUTH REVENUE</name>
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        <name>TULARE TRANSPRTN AUTH SALES TA</name>
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        <name>CSCDA CMNTY IMPT AUTH CA ESSEN</name>
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        <name>LONG BEACH CA MARINA REVENUE</name>
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        <name>NEEDLES CA UNIF SCH DIST</name>
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        <name>TEJON RANCH CA PUBLIC FACS FIN</name>
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          <isin value="US344414GT86"/>
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        <name>LOS ANGELES CA DEPT WTR &amp; PWR</name>
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        <name>E BAY CA MUNI UTILITY DIST WST</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH CH</name>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>TEMECULA VLY CA UNIF SCH DISTC</name>
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      <invstOrSec>
        <name>AMADOR CA WTR AGY COPS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>LAKE TAHOE CA UNIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EL MONTE CA CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>El Monte City School District/CA</title>
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          <isin value="US283309JL71"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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          <isin value="US13032UT733"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
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        <title>California State Public Works Board</title>
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          <isin value="US13068XJH35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>CALIFORNIA PUBLIC FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US13056HAB42"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOS ANGELES CA UNIF SCH DIST C</name>
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        <title>Los Angeles Unified School District/CA</title>
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          <isin value="US544648WP91"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>GUAM GOVT BUSINESS PRIVILEGE T</name>
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          <isin value="US40065NCR61"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
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        <title>San Diego County Regional Airport Authority</title>
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          <isin value="US79739GNE25"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
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          <isin value="US13059TGM53"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <title>California Statewide Communities Development Authority</title>
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        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
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          <isin value="US130493CJ63"/>
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        <name>LOS ANGELES CA UNIF SCH DIST</name>
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        <title>Los Angeles Unified School District/CA</title>
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        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
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        <title>California Statewide Communities Development Authority</title>
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        <name>CONTRA COSTA CA TRANSPRTN AUTH</name>
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        <name>LOS ANGELES CA MUNI IMPT CORPL</name>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>MENIFEE CA SPL TAX</name>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
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          <isin value="US13016NFB55"/>
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      <invstOrSec>
        <name>RIVERSIDE CA UNIF SCH DIST FIN</name>
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          <isin value="US769066BL47"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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          <isin value="US13048DDG07"/>
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        <curCd>USD</curCd>
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          <maturityDt>2055-07-01</maturityDt>
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        <name>CALIFORNIA ST EDUCTNL FACS AUT</name>
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          <isin value="US130179RL06"/>
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      <invstOrSec>
        <name>LOS ANGELES CNTY CA PUBLIC WKS</name>
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          <isin value="US54473ERD84"/>
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        <curCd>USD</curCd>
        <valUSD>101062.16000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST INFRASTRUCTURE &amp;</name>
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          <isin value="US13034A6B14"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-01-01</maturityDt>
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          <annualizedRt>9.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BAY AREA CA TOLL AUTH TOLL BRI</name>
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        <title>Bay Area Toll Authority</title>
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          <isin value="US072024WG31"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69913.93000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UNION CA ELEM SCH DIST</name>
        <lei>N/A</lei>
        <title>Union Elementary School District</title>
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          <isin value="US906573FY18"/>
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        <valUSD>87135.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN FRANCISCO CA CMNTY CLG DIS</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-15</maturityDt>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>CALIFORNIA ST ENTERPRISE DEV A</name>
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        <name>ANTIOCH CA UNIF SCH DIST</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063EKL9</cusip>
        <identifiers>
          <isin value="US13063EKL91"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107140.83000000</valUSD>
        <pctVal>0.724207757830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UP93</cusip>
        <identifiers>
          <isin value="US13032UP939"/>
        </identifiers>
        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121520.93000000</valUSD>
        <pctVal>0.821408610002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST UNIV REVENUE</name>
        <lei>N/A</lei>
        <title>California State University</title>
        <cusip>13077C4G6</cusip>
        <identifiers>
          <isin value="US13077C4G65"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113511.31000000</valUSD>
        <pctVal>0.767268382217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SXX7</cusip>
        <identifiers>
          <isin value="US13080SXX79"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134622.79000000</valUSD>
        <pctVal>0.909969326341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUAM GOVT LTD OBLG REVENUE</name>
        <lei>N/A</lei>
        <title>Territory of Guam</title>
        <cusip>40065HDT4</cusip>
        <identifiers>
          <isin value="US40065HDT41"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100824.31000000</valUSD>
        <pctVal>0.681511870683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN BERNARDINO CITY CA UNIF SC</name>
        <lei>N/A</lei>
        <title>San Bernardino City Unified School District</title>
        <cusip>796714EY5</cusip>
        <identifiers>
          <isin value="US796714EY55"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191919.94000000</valUSD>
        <pctVal>1.297263698912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROMOLAND CA SCH DIST SPL TAX</name>
        <lei>N/A</lei>
        <title>Romoland School District</title>
        <cusip>776192XX9</cusip>
        <identifiers>
          <isin value="US776192XX98"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101351.22000000</valUSD>
        <pctVal>0.685073466292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING A</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority</title>
        <cusip>13013JCB0</cusip>
        <identifiers>
          <isin value="US13013JCB08"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103988.45000000</valUSD>
        <pctVal>0.702899559530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH SO</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048RAH0</cusip>
        <identifiers>
          <isin value="US13048RAH03"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249998.93000000</valUSD>
        <pctVal>1.689842841009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CNTY CA PUBLIC WKS</name>
        <lei>N/A</lei>
        <title>Los Angeles County Public Works Financing Authority</title>
        <cusip>54473EXS8</cusip>
        <identifiers>
          <isin value="US54473EXS89"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>246892.19000000</valUSD>
        <pctVal>1.668843141739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-22</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Peter Fortner</ncom:signature>
      <ncom:signerName>Peter Fortner</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
