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        <name>Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF</name>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Goldman Sachs Global Core Fixed Income</name>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Goldman Sachs Tactical Tilt Overlay Fund</name>
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        <name>Chicago Board of Trade</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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            <expDt>2021-03-15</expDt>
            <delta>XXXX</delta>
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        </derivativeInfo>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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      </invstOrSec>
      <invstOrSec>
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        <valUSD>529300.00000000</valUSD>
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        <issuerConditional desc="derivative" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                  <derivAddlInfo>
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            <delta>XXXX</delta>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS TR MUTUAL FUND</name>
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        <title>GOLDMAN SACHS TR MUTUAL FUND</title>
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        <valUSD>23155571.46000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-01-27</ncom:dateSigned>
      <ncom:nameOfApplicant>GOLDMAN SACHS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Peter Fortner</ncom:signature>
      <ncom:signerName>Peter Fortner</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
