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        <fairValLevel>2</fairValLevel>
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        <name>AbbVie Inc</name>
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        <name>Options Clearing Corp.</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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Goldman Sachs MarketBeta International Equity ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Japan Exchange Group</name>
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        <name>Corteva Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares MSCI EAFE Small-Cap ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Advanced Micro Devices Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PepsiCo Inc</name>
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        <name>The Montreal Exchange/Bourse De Montreal</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOCHTIEF AG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Autotrader Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Autodesk Inc</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Prysmian SpA</name>
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          <isin value="IT0004176001"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Aon PLC</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>Aon PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BLP1HW54"/>
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        <balance>999.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>315743.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BioMerieux</name>
        <lei>549300AK8Y0LBIQ4T071</lei>
        <title>BioMerieux</title>
        <cusip>000000000</cusip>
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          <isin value="FR0013280286"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.85733900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fox Corp</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corp</title>
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          <isin value="US35137L2043"/>
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        <balance>21239.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GE Vernova Inc</name>
        <lei>254900DP080RU6OK2553</lei>
        <title>GE Vernova Inc</title>
        <cusip>36828A101</cusip>
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          <isin value="US36828A1016"/>
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        <balance>1247.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1207495.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The</title>
        <cusip>020002101</cusip>
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          <isin value="US0200021014"/>
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        <balance>10224.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2107064.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Solventum Corp</name>
        <lei>254900I70403OSGY4M28</lei>
        <title>Solventum Corp</title>
        <cusip>83444M101</cusip>
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          <isin value="US83444M1018"/>
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        <balance>1386.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103880.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <title>PURCHASED NZD / SOLD USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="26DJKBCCQ9X"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66882125"/>
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        <pctVal>0.000004740240</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cardinal Health Inc</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health Inc</title>
        <cusip>14149Y108</cusip>
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          <isin value="US14149Y1082"/>
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        <balance>1576.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>310156.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>3 MONTH SOFR OPT JUN26C 96</title>
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          <other otherDesc="Bloomberg Identifier" value="BBG0184KVG02"/>
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        <curCd>USD</curCd>
        <valUSD>1433800.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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                    <name>Chicago Mercantile Exchange</name>
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                      <other otherDesc="Internal Identifier" value="ADI2NQDS1E"/>
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                    <curCd>N/A</curCd>
                    <valUSD>1433800.00000000</valUSD>
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      <invstOrSec>
        <name>Bridgestone Corp</name>
        <lei>549300DHPOF90OYYD780</lei>
        <title>Bridgestone Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3830800003"/>
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        <balance>45881.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.26500000"/>
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        <pctVal>0.020265501864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>PURCHASED USD / SOLD DKK</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Trade Identifier" value="26DFKBCGJMX"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.40115291"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>Heidelberg Materials AG</name>
        <lei>LZ2C6E0W5W7LQMX5ZI37</lei>
        <title>Heidelberg Materials AG</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006047004"/>
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        <balance>8043.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <title>PURCHASED ILS / SOLD USD</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG</title>
        <cusip>000000000</cusip>
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          <isin value="DE000BAY0017"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Kinross Gold Corp</name>
        <lei>254900O9KHF2A1ZXPT47</lei>
        <title>Kinross Gold Corp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>PURCHASED BRL / SOLD USD</title>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Devon Energy Corp</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>Devon Energy Corp</title>
        <cusip>25179M103</cusip>
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          <isin value="US25179M1036"/>
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        <balance>13804.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>614139.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Altria Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mitsubishi Electric Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AIB Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Airtel Africa PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <name>TE Connectivity PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>Vinci SA</name>
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        <name>iShares Core MSCI EAFE ETF</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chicago Mercantile Exchange</name>
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        <name>Options Clearing Corp.</name>
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        <name>Open Text Corp</name>
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        <name>Morgan Stanley &amp; Co. LLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NVR Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Electronic Arts Inc</name>
        <lei>549300O7A67PUEYKDL45</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>McKesson Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Skandinaviska Enskilda Banken AB</name>
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          <isin value="SE0000148884"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regions Financial Corp</name>
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        <title>Regions Financial Corp</title>
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          <isin value="US7591EP1005"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Humana Inc</name>
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        <title>Humana Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>SGS SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Knorr-Bremse AG</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tapestry Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Keysight Technologies Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kroger Co/The</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pinterest Inc</name>
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        <title>Pinterest Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TIS Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>United Airlines Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Isracard Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROBLOX Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RPM International Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Japan Exchange Group</name>
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        <name>Twilio Inc</name>
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        <title>Twilio Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <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>2</fairValLevel>
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        <name>Options Clearing Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Graco Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IDEXX Laboratories Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Coles Group Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Reliance Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bristol-Myers Squibb Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Citibank NA</name>
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        <name>American Express Co</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>United States Treasury</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mapfre SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fastenal Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Annaly Capital Management Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Loblaw Cos Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Gilead Sciences Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Svenska Handelsbanken AB</name>
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        <fairValLevel>2</fairValLevel>
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            <shareNo>2500.00000000</shareNo>
            <exercisePrice>96.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2027-03-12</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-1171964.72000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Mercantile Exchange</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>3 MONTH SOFR OPT DEC26C 96.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Bloomberg Identifier" value="BBG01C36PB30"/>
        </identifiers>
        <balance>2891.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>632406.25000000</valUSD>
        <pctVal>0.012977868602</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <futrDeriv derivCat="FUT">
                  <counterparties>
                    <counterpartyName>Chicago Mercantile Exchange</counterpartyName>
                    <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>Chicago Mercantile Exchange</name>
                    <lei>SNZ2OJLFK8MNNCLQOF39</lei>
                    <title>CME Three Month SOFR Futures</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <other otherDesc="Internal Identifier" value="ADI2RB047E"/>
                    </identifiers>
                    <balance>2891.00000000</balance>
                    <units>NC</units>
                    <curCd>N/A</curCd>
                    <valUSD>632406.25000000</valUSD>
                    <pctVal>0.01000000</pctVal>
                    <assetCat>DIR</assetCat>
                    <issuerConditional desc="derivative" issuerCat="OTHER"/>
                    <invCountry>US</invCountry>
                  </derivAddlInfo>
                  <payOffProf>Long</payOffProf>
                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>CME Three Month SOFR</indexName>
                      <indexIdentifier>SFRH7 Comdty</indexIdentifier>
                    </indexBasketInfo>
                  </descRefInstrmnt>
                  <expDate>2027-03-16</expDate>
                  <notionalAmt>2891.00000000</notionalAmt>
                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <shareNo>2500.00000000</shareNo>
            <exercisePrice>96.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-12-11</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-3450247.61000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bills</title>
        <cusip>912797QX8</cusip>
        <identifiers>
          <isin value="US912797QX89"/>
        </identifiers>
        <balance>3100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3096882.45000000</valUSD>
        <pctVal>0.063552397708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-11</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0005405286"/>
        </identifiers>
        <balance>31747.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74255600"/>
        <valUSD>596152.45000000</valUSD>
        <pctVal>0.012233889470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Please see notes to financial statements or N-PORT part F for a glossary of swap paid and received terms." noteItem="C.11.a"/>
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-02</ncom:dateSigned>
      <ncom:nameOfApplicant>GOLDMAN SACHS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Allison Fracchiolla</ncom:signature>
      <ncom:signerName>Allison Fracchiolla</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
