NPORT-P false 0000822977 XXXXXXXX S000018302 C000050455 C000050456 C000196982 C000201702 Goldman Sachs Trust 811-05349 0000822977 S2FHCT8U6D2VORP0J605 71 South Wacker Drive Chicago 60606 312-655-4400 Goldman Sachs Tax-Advantaged Global Equity Portfolio S000018302 8X1BHGDQA0LB7ANZ3X51 2026-08-31 2026-02-28 N 5821245069.93 174617570.31 5646627499.62 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 113673698.17000000 N MSCI ACWI IMI (90%) and Bloomberg U.S. Aggregate Bond Index (10%) CUTAANDX17 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 000000000 730.00000000 NC USD 606940.32000000 0.010748722490 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Long United States Treasury Notes T 4 01/31/33 2026-06-18 82430559.68000000 USD 606940.32000000 N N N BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 000000000 -8640000.00000000 NC -27164.49000000 -0.00048107458 N/A DFE CORP US N 2 BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 Call Written BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 000000000 0.00000000 NC 0.00000000 0.00000000 DFE CORP US US N/A EUR N/A GBP 2026-06-11 0.01000000 USD 0.90750000 EUR 2026-06-11 XXXX 21809.77000000 N N N BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 000000000 8640000.00000000 NC 96330.28000000 0.001705979011 N/A DFE CORP US N 2 BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 Call Purchased BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 BANK OF AMERICA, NATIONAL ASSOCIATION B4TYDEB6GKMZO031MB27 000000000 0.00000000 NC 0.00000000 0.00000000 DFE CORP US US N/A EUR N/A GBP 2026-06-11 0.01000000 USD 0.88240000 EUR 2026-06-11 XXXX -33845.08000000 N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 000000000 478.00000000 NC USD 271772.88000000 0.004813012369 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Long United States Treasury Notes T 3.625 08/31/30 2026-06-30 52364242.75000000 USD 271772.88000000 N N N SOUTH AFRICAN FUTURES EXCHANGE N/A 000000000 101.00000000 NC 670105.97000000 0.011867366318 N/A DE CORP N/A N 1 SOUTH AFRICAN FUTURES EXCHANGE N/A Long FTSE/JSE TOP 40 INDEX FTSE/JSE TOP 40 INDEX 2026-03-19 6948650.91000000 USD 670105.97000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -4536.86000000 -0.00008034636 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -3620000.00000000 DKK 568525.90000000 USD 2026-03-18 -4536.86000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -21510.37000000 -0.00038094189 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -11325000.00000000 SEK 1234213.24000000 USD 2026-03-18 -21510.37000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 9700.08000000 0.000171785371 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -1769000000.00000000 JPY 11353637.24000000 USD 2026-03-18 9700.08000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -90579.44000000 -0.00160413344 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -9070000.00000000 EUR 10636180.39000000 USD 2026-03-18 -90579.44000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -209.36000000 -0.00000370769 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -10000.00000000 NZD 5793.28000000 USD 2026-03-18 -209.36000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 1067.29000000 0.000018901370 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -1510000.00000000 HKD 194235.08000000 USD 2026-03-18 1067.29000000 N N N CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 000000000 567.00000000 NC USD 202773.38000000 0.003591052889 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE 549300EX04Q2QBFQTQ27 Long United States Treasury Notes T 3.875 03/15/28 2026-06-30 118433117.25000000 USD 202773.38000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -4385.19000000 -0.00007766033 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -630000.00000000 SGD 494320.80000000 USD 2026-03-18 -4385.19000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -3023.02000000 -0.00005353673 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -760000.00000000 ILS 239628.27000000 USD 2026-03-18 -3023.02000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -94802.00000000 -0.00167891365 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -2550000.00000000 CHF 3228569.42000000 USD 2026-03-18 -94802.00000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 3941.12000000 0.000069795997 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -2600000.00000000 GBP 3508009.44000000 USD 2026-03-18 3941.12000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -323236.62000000 -0.00572441904 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -83750000.00000000 MXN 4532116.45000000 USD 2026-03-18 -323236.62000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -2566695.66000000 -0.04545537420 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -48384774.00000000 AUD 31863986.46000000 USD 2026-03-18 -2566695.66000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 63856.36000000 0.001130876084 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -70220000.00000000 HKD 9046798.31000000 USD 2026-03-18 63856.36000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -515555.97000000 -0.00913033434 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -135075000.00000000 SEK 14461650.80000000 USD 2026-03-18 -515555.97000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -34213.27000000 -0.00060590626 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -1460000.00000000 NZD 842172.53000000 USD 2026-03-18 -34213.27000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -95687.94000000 -0.00169460337 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -9840000.00000000 ILS 3046007.72000000 USD 2026-03-18 -95687.94000000 N N N OSAKA SECURITIES EXCHANGE 3538001249AILNPRUX57 000000000 7.00000000 NC 135559.33000000 0.002400713169 N/A DE CORP N/A N 1 OSAKA SECURITIES EXCHANGE 3538001249AILNPRUX57 Long TOKYO STOCK PRICE INDEX TOKYO STOCK PRICE INDEX 2026-03-13 1637020.95000000 USD 135559.33000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -849751.05000000 -0.01504882427 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -51051169.00000000 GBP 67952858.20000000 USD 2026-03-18 -849751.05000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -170011.81000000 -0.00301085577 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -28300000.00000000 NOK 2806044.74000000 USD 2026-03-18 -170011.81000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -67594.19000000 -0.00119707188 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -57510000.00000000 DKK 9036505.08000000 USD 2026-03-18 -67594.19000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -108188.40000000 -0.00191598259 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -8190000.00000000 SGD 6374989.49000000 USD 2026-03-18 -108188.40000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 1283293.21000000 0.022726719800 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -15399154282.00000000 JPY 100032325.74000000 USD 2026-03-18 1283293.21000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -1452679.08000000 -0.02572649037 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -140603958.00000000 EUR 164834519.29000000 USD 2026-03-18 -1452679.08000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -1353656.55000000 -0.02397283245 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -34402984.00000000 CHF 43483164.50000000 USD 2026-03-18 -1353656.55000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 283.30000000 0.000005017154 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -4974.75000000 USD 50000.00000000 NOK 2026-03-18 283.30000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 77995.83000000 0.001381281658 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -1366555.40000000 USD 2030000.00000000 AUD 2026-03-18 77995.83000000 N N N JPMORGAN CHASE BANK, NATIONAL ASSOCIATION 7H6GLXDRUGQFU57RNE97 000000000 1.00000000 NC 318537.71000000 0.005641202824 N/A DE CORP US N 2 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION 7H6GLXDRUGQFU57RNE97 Y Performance Leg 2026-08-04 0.00000000 EUR 0.00000000 EUR 11722869.34000000 EUR 318537.71000000 N N N EUREX DEUTSCHLAND 529900LN3S50JPU47S06 000000000 24.00000000 NC 32603.10000000 0.000577390663 N/A DE CORP DE N 1 EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Long STOXX EUROPE 600 PRICE INDEX STOXX EUROPE 600 PRICE INDEX 2026-03-20 866642.39000000 USD 32603.10000000 N N N CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 000000000 1.00000000 NC 136117.44000000 0.002410597122 N/A DIR CORP US N 2 CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 Y 2030-01-02 16493.92000000 BRL 0.00000000 BRL 60127495.11000000 BRL 119623.52000000 N N N Goldman Sachs Trust S2FHCT8U6D2VORP0J605 38150C705 69550157.24300000 NS USD 3814130623.21000000 67.54705571541 Long EC RF US N 1 N N N Goldman Sachs Trust S2FHCT8U6D2VORP0J605 38150C606 46051270.33600000 NS USD 870829522.05000000 15.42211739854 Long EC RF US N 1 N N N Invesco Actively Managed Exchange-Traded Commodity Fund Trust 549300J84F1VGX03MG06 46090F100 98114.00000000 NS USD 1463860.88000000 0.025924516538 Long EC RF US N 1 N N N SPROTT PHYSICAL URANIUM TRUST 5493007M22KSTRPCA127 85210A104 236600.00000000 NS 4773455.52000000 0.084536398413 Long EC RF CA N 1 N N N Goldman Sachs Trust S2FHCT8U6D2VORP0J605 38147X234 8136013.18800000 NS USD 151818006.09000000 2.688649217612 Long EC RF US N 1 N N N Goldman Sachs Trust S2FHCT8U6D2VORP0J605 38147X259 9030692.76500000 NS USD 117760233.66000000 2.085496761879 Long EC RF US N 1 N N N Goldman Sachs Trust S2FHCT8U6D2VORP0J605 38141W273 483802321.04000000 PA USD 483802321.04000000 8.567987193640 Long STIV RF US N 1 2099-12-01 Floating 0.00000000 N N N N N N Ishares Inc 549300MGJZCNMJLBAJ67 46434G103 22083.00000000 NS USD 1695091.08000000 0.030019530775 Long EC RF US N 1 N N N Ishares Inc 549300MGJZCNMJLBAJ67 464286822 79716.00000000 NS USD 6452213.04000000 0.114266666969 Long EC RF US N 1 N N N EUREX DEUTSCHLAND 529900LN3S50JPU47S06 000000000 128.00000000 NC 183354.23000000 0.003247145840 N/A DE CORP DE N 1 EUREX DEUTSCHLAND 529900LN3S50JPU47S06 Long DEUTSCH BOERSE AG MDAX MINI INDEX 2026-03-20 4601278.34000000 USD 183354.23000000 N N N iShares Trust 5493000860OXIC4B5K91 46432F842 607602.00000000 NS USD 59739428.64000000 1.057966523274 Long EC RF US N 1 N N N SPROTT PHYSICAL GOLD TRUST 5493007M22KSTRPCA127 85207H104 39974.00000000 NS USD 1604956.10000000 0.028423268581 Long EC RF CA N 1 N N N iShares Trust 5493000860OXIC4B5K91 464287440 2743.00000000 NS USD 268786.57000000 0.004760125756 Long EC RF US N 1 N N N INVESCO EXCHANGE-TRADED FUND TRUST II O540V2L4S174Y60FMD36 46138G649 3546.00000000 NS USD 886712.76000000 0.015703404555 Long EC RF US N 1 N N N SELECT SECTOR SPDR TRUST (THE) 5493008JJKIPMEX3CO91 81369Y209 147535.00000000 NS USD 23635107.00000000 0.418570323641 Long EC RF US N 1 N N N Vanguard Scottsdale Funds 549300Y88GQ3VLJIBX57 92206C664 15377.00000000 NS USD 1625656.44000000 0.028789865102 Long EC RF US N 1 N N N NATIONAL STOCK EXCHANGE OF INDIA LIMITED 335800NLY5HYW9I7YE03 000000000 200.00000000 NC USD -176824.66000000 -0.00313150920 N/A DE CORP IN N 1 NATIONAL STOCK EXCHANGE OF INDIA LIMITED 335800NLY5HYW9I7YE03 Long NIFTY 50 INDEX NIFTY 50 INDEX 2026-03-30 10290824.66000000 USD -176824.66000000 N N N MORGAN STANLEY & CO. INTERNATIONAL PLC 4PQUHN3JPFGFNF3BB653 000000000 -84901.00000000 NC USD -185165.96000000 -0.00327923101 N/A DE CORP GB N 2 MORGAN STANLEY & CO. INTERNATIONAL PLC 4PQUHN3JPFGFNF3BB653 Put Written iShares Trust iShares Trust EXPANDED TECH 1.00000000 76.62000000 USD 2026-04-17 XXXX 50289.98000000 N N N MORGAN STANLEY & CO. INTERNATIONAL PLC 4PQUHN3JPFGFNF3BB653 000000000 -134655.00000000 NC USD -2307061.46000000 -0.04085733404 N/A DE CORP GB N 2 MORGAN STANLEY & CO. INTERNATIONAL PLC 4PQUHN3JPFGFNF3BB653 Call Written SELECT SECTOR SPDR TRUST (THE) Select Sector Spdr Trust STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF 1.00000000 146.00000000 USD 2026-06-18 XXXX -1618355.00000000 N N N MORGAN STANLEY & CO. INTERNATIONAL PLC 4PQUHN3JPFGFNF3BB653 000000000 67328.00000000 NC USD 1805442.64000000 0.031973822252 N/A DE CORP GB N 2 MORGAN STANLEY & CO. INTERNATIONAL PLC 4PQUHN3JPFGFNF3BB653 Call Purchased SELECT SECTOR SPDR TRUST (THE) Select Sector Spdr Trust STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF 1.00000000 135.00000000 USD 2026-06-18 XXXX 1109897.27000000 N N N 2026-04-28 Goldman Sachs Trust Allison Frachiolla Allison Frachiolla Vice President Assistant Treasurer