GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments
July 31, 2026 (Unaudited)
| Shares | Description | Value | ||||
| Common Stocks*(a) – 0.0% | ||||||
| Oil, Gas & Consumable Fuels – 0.0% | ||||||
| 39,366 | Gazprom PJSC | $ 0 | ||||
| 3,021 | LUKOIL PJSC | 0 | ||||
| 27,893 | Rosneft Oil Co. PJSC | 0 | ||||
|
| ||||||
| 0 | ||||||
|
|
| |||||
| |
TOTAL COMMON STOCKS (Cost $621,980) |
$ 0 | ||||
|
|
| |||||
| Exchange Traded Funds – 31.2% | ||||||
| 66,700 | Goldman Sachs Access U.S. Preferred Stock & Hybrid ETF(b) | $ 3,309,321 | ||||
| 15,700 | iShares Convertible Bond ETF | 1,777,711 | ||||
| 23,200 | iShares Global Clean Energy ETF | 407,160 | ||||
| 1,600 | iShares JP Morgan USD Emerging Markets Bond ETF | 151,456 | ||||
| 2,600 | iShares U.S. Treasury Bond ETF | 58,370 | ||||
| 25,000 | State Street Blackstone Senior Loan ETF | 1,010,000 | ||||
| 8,800 | State Street SPDR Bloomberg Convertible Securities ETF | 896,280 | ||||
| 9,800 | Vanguard Real Estate ETF | 969,710 | ||||
| 182,400 | Vanguard Short-Term Inflation-Protected Securities ETF | 9,057,984 | ||||
|
|
| |||||
| |
TOTAL EXCHANGE TRADED FUNDS (Cost $17,489,171) |
$17,637,992 | ||||
|
|
| |||||
| Shares | Dividend Rate |
Value | ||||
| Investment Company(b) – 34.3% | ||||||
| Goldman Sachs Central Government Fund — Institutional Shares | ||||||
| 19,394,044 | 3.760% | $19,394,044 | ||||
| (Cost $19,394,044) | ||||||
|
|
| |||||
| |
TOTAL INVESTMENTS – 65.5% (Cost $37,505,195) |
$37,032,036 | ||||
|
|
| |||||
| |
OTHER ASSETS IN EXCESS OF LIABILITIES – 34.5% |
19,507,993 | ||||
|
|
| |||||
| NET ASSETS – 100.0% | $56,540,029 | |||||
|
|
| |||||
| 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) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e., Level 3. | |
| (b) | Represents an affiliated issuer. | |
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS — At July 31, 2026, the Fund had the following forward foreign currency exchange contracts:
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED GAIN
| Counterparty | Currency Purchased |
Currency Sold |
Settlement Date |
Unrealized Gain |
||||||||||||||||||
|
|
||||||||||||||||||||||
| MS & Co. Int. PLC |
AUD |
1,090,000 | USD | 759,721 | 09/16/26 | $ | 6,594 | |||||||||||||||
| BRL |
4,530,000 | USD | 874,834 | 09/16/26 | 8,746 | |||||||||||||||||
| CAD |
470,000 | USD | 335,521 | 09/16/26 | 445 | |||||||||||||||||
| CHF |
270,000 | USD | 335,259 | 09/16/26 | 444 | |||||||||||||||||
| CZK |
1,750,000 | USD | 82,325 | 09/16/26 | 1,033 | |||||||||||||||||
| GBP |
900,000 | USD | 1,203,516 | 09/16/26 | 9,433 | |||||||||||||||||
| KRW |
438,540,000 | USD | 298,281 | 09/16/26 | 5,777 | |||||||||||||||||
| MXN |
14,600,000 | USD | 832,726 | 09/17/26 | 6,829 | |||||||||||||||||
| NOK |
7,270,000 | USD | 758,065 | 09/16/26 | 8,483 | |||||||||||||||||
| NZD |
4,440,000 | USD | 2,602,054 | 09/16/26 | 17,033 | |||||||||||||||||
| PHP |
19,100,000 | USD | 311,491 | 09/16/26 | 37 | |||||||||||||||||
| SEK |
2,710,000 | USD | 284,570 | 09/16/26 | 743 | |||||||||||||||||
| USD |
704,782 | AUD | 1,000,000 | 09/16/26 | 1,740 | |||||||||||||||||
| USD |
2,211,787 | CAD | 3,070,000 | 09/16/26 | 17,291 | |||||||||||||||||
| USD |
4,117,740 | CHF | 3,260,000 | 09/16/26 | 64,430 | |||||||||||||||||
| USD |
316,615 | CLP | 291,530,000 | 09/16/26 | 2,945 | |||||||||||||||||
| USD |
2,043,510 | EUR | 1,760,000 | 09/16/26 | 10,151 | |||||||||||||||||
| USD |
987,093 | IDR | 17,867,460,000 | 09/16/26 | 483 | |||||||||||||||||
| USD |
329,727 | SEK | 3,080,000 | 09/16/26 | 5,459 | |||||||||||||||||
| USD |
1,401,317 | TWD | 44,810,000 | 09/16/26 | 12,018 | |||||||||||||||||
|
|
||||||||||||||||||||||
| TOTAL |
$ | 180,114 | ||||||||||||||||||||
|
|
||||||||||||||||||||||
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS WITH UNREALIZED LOSS
| Counterparty | Currency Purchased |
Currency Sold |
Settlement Date |
Unrealized Loss |
||||||||||||||||
|
|
||||||||||||||||||||
| MS & Co. Int. PLC |
AUD |
1,110,000 | USD | 789,776 | 09/16/26 | $ | (9,400 | ) | ||||||||||||
| CAD |
600,000 | USD | 428,902 | 09/16/26 | (10 | ) | ||||||||||||||
| CLP |
257,290,000 | USD | 287,552 | 09/16/26 | (10,722 | ) | ||||||||||||||
| CZK |
5,360,000 | USD | 256,990 | 09/16/26 | (1,677 | ) | ||||||||||||||
| GBP |
240,000 | USD | 323,972 | 09/16/26 | (518 | ) | ||||||||||||||
| HUF |
186,850,000 | USD | 603,431 | 09/16/26 | (14,098 | ) | ||||||||||||||
| ILS |
1,740,000 | USD | 601,868 | 09/16/26 | (31,699 | ) | ||||||||||||||
| JPY |
176,380,000 | USD | 1,113,497 | 09/16/26 | (779 | ) | ||||||||||||||
| NOK |
12,070,000 | USD | 1,291,914 | 09/16/26 | (19,254 | ) | ||||||||||||||
| PLN |
910,000 | USD | 248,622 | 09/16/26 | (5,038 | ) | ||||||||||||||
| USD |
633,303 | AUD | 910,000 | 09/16/26 | (6,465 | ) | ||||||||||||||
| USD |
1,642,295 | CAD | 2,310,000 | 09/16/26 | (8,938 | ) | ||||||||||||||
| USD |
704,875 | CHF | 570,000 | 09/16/26 | (3,832 | ) | ||||||||||||||
| USD |
420,342 | CLP | 394,770,000 | 09/16/26 | (4,408 | ) | ||||||||||||||
| USD |
681,150 | CZK | 14,500,000 | 09/16/26 | (9,529 | ) | ||||||||||||||
| USD |
1,920,252 | EUR | 1,680,000 | 09/16/26 | (20,683 | ) | ||||||||||||||
| USD |
3,412,674 | GBP | 2,560,000 | 09/16/26 | (37,496 | ) | ||||||||||||||
| USD |
297,016 | IDR | 5,401,090,000 | 09/16/26 | (1,222 | ) | ||||||||||||||
| USD |
1,814,029 | INR | 175,500,000 | 09/16/26 | (17,661 | ) | ||||||||||||||
| USD |
1,296,537 | JPY | 207,890,000 | 09/16/26 | (14,966 | ) | ||||||||||||||
| USD |
657,364 | KRW | 1,007,490,000 | 09/16/26 | (41,171 | ) | ||||||||||||||
| USD |
1,280,522 | NOK | 12,400,000 | 09/16/26 | (26,934 | ) | ||||||||||||||
| USD |
2,519,580 | NZD | 4,390,000 | 09/16/26 | (70,014 | ) | ||||||||||||||
| USD |
1,727,258 | PHP | 107,100,000 | 09/16/26 | (19,583 | ) | ||||||||||||||
| USD |
1,227,681 | PLN | 4,620,000 | 09/16/26 | (8,977 | ) | ||||||||||||||
| USD |
555,475 | SEK | 5,370,000 | 09/16/26 | (9,888 | ) | ||||||||||||||
| USD |
383,768 | TWD | 12,420,000 | 09/16/26 | (1,304 | ) | ||||||||||||||
| USD |
309,164 | ZAR | 5,200,000 | 09/16/26 | (4,417 | ) | ||||||||||||||
| ZAR |
12,380,000 | USD | 750,349 | 09/16/26 | (3,785 | ) | ||||||||||||||
|
|
||||||||||||||||||||
| TOTAL |
$ | (404,468 | ) | |||||||||||||||||
|
|
||||||||||||||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
FUTURES CONTRACTS — At July 31, 2026, the Fund had the following futures contracts:
| Description | Number of Contracts |
Expiration Date |
Notional Amount |
Unrealized (Depreciation) |
||||||||||
|
|
||||||||||||||
| Long position contracts: |
||||||||||||||
| 3M CORRA |
8 | 03/16/27 | $ | 1,390,448 | $ | (526 | ) | |||||||
| 3M CORRA |
5 | 06/15/27 | 867,069 | (419 | ) | |||||||||
| 3M CORRA |
1 | 09/14/27 | 173,102 | — | ||||||||||
| Brent Crude |
5 | 08/28/26 | 439,650 | 22,110 | ||||||||||
| CAC40 Index |
6 | 08/21/26 | 589,559 | 8,579 | ||||||||||
| Coffee |
1 | 12/18/26 | 117,994 | 6,522 | ||||||||||
| Copper |
4 | 09/28/26 | 646,550 | 17,989 | ||||||||||
| Corn |
6 | 12/14/26 | 139,200 | (5,720 | ) | |||||||||
| Cotton No.2 |
2 | 12/08/26 | 81,790 | 2,479 | ||||||||||
| DAX Index |
1 | 09/18/26 | 741,187 | 12,351 | ||||||||||
| Dollar Index |
14 | 09/14/26 | 1,397,046 | (4,221 | ) | |||||||||
| E-Mini Nasdaq 100 Index |
2 | 09/18/26 | 1,136,170 | (80,397 | ) | |||||||||
| E-Mini Russell 2000 Index |
8 | 09/18/26 | 1,175,200 | (27,026 | ) | |||||||||
| Euro Stoxx 50 Index |
20 | 09/18/26 | 1,469,805 | 10,275 | ||||||||||
| FTSE 100 Index |
6 | 09/18/26 | 878,599 | 25,924 | ||||||||||
| FTSE/MIB Index |
1 | 09/18/26 | 301,779 | (1,655 | ) | |||||||||
| Gasoil |
2 | 09/10/26 | 246,100 | 39,396 | ||||||||||
| Gasoline RBOB |
1 | 09/30/26 | 119,015 | 16,940 | ||||||||||
| Gasoline RBOB |
2 | 08/31/26 | 261,593 | 20,318 | ||||||||||
| Hang Seng Index |
1 | 08/28/26 | 165,383 | 3,915 | ||||||||||
| IBEX 35 Index |
2 | 08/21/26 | 456,917 | 11,594 | ||||||||||
| KC HRW Wheat |
2 | 12/14/26 | 72,375 | 8,343 | ||||||||||
| Lean Hogs |
2 | 12/14/26 | 60,540 | (1,826 | ) | |||||||||
| Live Cattle |
1 | 12/31/26 | 90,780 | (153 | ) | |||||||||
| LME Lead |
13 | 08/17/26 | 599,118 | (9,487 | ) | |||||||||
| LME Lead |
2 | 10/19/26 | 93,643 | (7,977 | ) | |||||||||
| LME Lead |
2 | 09/14/26 | 92,981 | (1,351 | ) | |||||||||
| LME Nickel |
7 | 08/17/26 | 718,553 | (14,876 | ) | |||||||||
| LME Nickel |
5 | 09/14/26 | 515,142 | 44,366 | ||||||||||
| LME Nickel |
3 | 12/14/26 | 312,538 | (13,245 | ) | |||||||||
| LME Nickel |
1 | 01/18/27 | 104,605 | 48 | ||||||||||
| LME Nickel |
3 | 04/19/27 | 317,236 | (15,838 | ) | |||||||||
| LME Primary Aluminum |
1 | 09/14/26 | 79,710 | 1,317 | ||||||||||
| LME Primary Aluminum |
7 | 12/14/26 | 556,365 | 6,438 | ||||||||||
| LME Primary Aluminum |
1 | 01/18/27 | 79,368 | (4,792 | ) | |||||||||
| LME Primary Aluminum |
2 | 11/16/26 | 159,162 | (12,879 | ) | |||||||||
| LME Primary Aluminum |
5 | 08/17/26 | 399,209 | (50,950 | ) | |||||||||
| LME Primary Aluminum |
2 | 03/15/27 | 158,312 | (9,840 | ) | |||||||||
| LME Primary Aluminum |
1 | 06/14/27 | 78,756 | (77 | ) | |||||||||
| LME Zinc |
8 | 09/14/26 | 733,034 | 21,835 | ||||||||||
| LME Zinc |
3 | 11/16/26 | 273,141 | 22,981 | ||||||||||
| LME Zinc |
1 | 12/14/26 | 90,835 | 6,575 | ||||||||||
| LME Zinc |
2 | 01/18/27 | 181,182 | 17,911 | ||||||||||
| LME Zinc |
1 | 02/15/27 | 90,422 | 6,579 | ||||||||||
| LME Zinc |
7 | 08/17/26 | 648,664 | 28,950 | ||||||||||
| LME Zinc |
1 | 03/15/27 | 90,260 | 3,009 | ||||||||||
| LME Zinc |
1 | 05/17/27 | 89,835 | 1,533 | ||||||||||
| Natural Gas |
2 | 03/29/27 | 56,640 | (2,196 | ) | |||||||||
| NY Harbor ULSD |
1 | 08/31/26 | 172,011 | 1,064 | ||||||||||
| Omxs30 Index |
16 | 08/21/26 | 547,437 | 13,509 | ||||||||||
| S&P 500 E-Mini Index |
26 | 09/18/26 | 9,775,025 | (133,714 | ) | |||||||||
| S&P Mid 400 Emini |
4 | 09/18/26 | 1,509,160 | (15,102 | ) | |||||||||
| S&P Toronto Stock Exchange 60 Index |
2 | 09/17/26 | 594,785 | 1,743 | ||||||||||
| Soybean |
3 | 01/14/27 | 180,188 | 4,803 | ||||||||||
| Soybean Meal |
2 | 01/14/27 | 64,700 | 3,193 | ||||||||||
| Soybean Oil |
5 | 11/13/26 | 296,875 | (9,704 | ) | |||||||||
| Soybean Oil |
2 | 01/14/27 | 80,220 | (2,479 | ) | |||||||||
| Sugar 11 |
4 | 02/26/27 | 69,574 | 4,243 | ||||||||||
| TOPIX Futures |
2 | 09/10/26 | 501,116 | (396 | ) | |||||||||
| VSTOXX Index |
248 | 08/19/26 | 529,065 | (14,691 | ) | |||||||||
| Wheat |
4 | 09/14/26 | 127,850 | (5,963 | ) | |||||||||
| Wheat |
2 | 12/14/26 | 65,750 | 4,093 | ||||||||||
| WTI Crude |
6 | 08/20/26 | 508,020 | 34,513 | ||||||||||
|
|
||||||||||||||
| Total |
$ | (12,062 | ) | |||||||||||
|
|
||||||||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
FUTURES CONTRACTS (continued)
| Description | Number of Contracts |
Expiration Date |
Notional Amount |
Unrealized Appreciation/ (Depreciation) |
||||||||||||
|
|
||||||||||||||||
| Short position contracts: |
||||||||||||||||
| 10 Year U.K. Long Gilt |
(15) | 09/28/26 | $ | (1,748,504 | ) | $ | 10,370 | |||||||||
| 10 Year U.S. Treasury Notes |
(67) | 09/21/26 | (7,236,000 | ) | 71,533 | |||||||||||
| 2 Year U.S. Treasury Notes |
(46) | 09/30/26 | (9,458,031 | ) | 20,815 | |||||||||||
| 20 Year U.S. Treasury Bonds |
(18) | 09/21/26 | (1,949,625 | ) | 47,776 | |||||||||||
| 3 Month SOFR |
(51) | 06/15/27 | (12,215,138 | ) | 20,855 | |||||||||||
| 3 Month SOFR |
(40) | 03/16/27 | (9,592,000 | ) | 5,622 | |||||||||||
| 3 Month SOFR |
(45) | 03/14/28 | (10,783,688 | ) | 22,932 | |||||||||||
| 3 Month SOFR |
(51) | 12/14/27 | (12,215,138 | ) | 24,131 | |||||||||||
| 3 Month SOFR |
(52) | 09/14/27 | (12,450,750 | ) | 23,671 | |||||||||||
| 3 Month SOFR |
(40) | 06/20/28 | (9,588,500 | ) | 19,472 | |||||||||||
| 3 Month SOFR |
(36) | 09/19/28 | (8,630,550 | ) | 14,566 | |||||||||||
| 3 Month SOFR |
(30) | 12/19/28 | (7,191,750 | ) | 8,600 | |||||||||||
| 30 Year German Euro-Buxl |
(9) | 09/08/26 | (1,098,237 | ) | 11,114 | |||||||||||
| 3M Euribor |
(25) | 03/15/27 | (6,997,818 | ) | 3,865 | |||||||||||
| 3M Euribor |
(16) | 12/14/26 | (4,484,138 | ) | 1,331 | |||||||||||
| 3M Euribor |
(29) | 06/14/27 | (8,113,288 | ) | 7,323 | |||||||||||
| 3M Euribor |
(29) | 09/13/27 | (8,113,288 | ) | 9,123 | |||||||||||
| 3M Euribor |
(29) | 12/13/27 | (8,115,378 | ) | 10,324 | |||||||||||
| 3M Euribor |
(28) | 03/13/28 | (7,836,749 | ) | 8,595 | |||||||||||
| 3M Euribor |
(25) | 06/19/28 | (6,997,457 | ) | 6,546 | |||||||||||
| 3M Euribor |
(20) | 09/18/28 | (5,597,966 | ) | 1,686 | |||||||||||
| 3M SARON |
(2) | 09/14/27 | (616,859 | ) | (77 | ) | ||||||||||
| 5 Year German Euro-Bobl |
(38) | 09/08/26 | (4,988,434 | ) | 15,697 | |||||||||||
| 5 Year German Euro-Bund |
(39) | 09/08/26 | (5,592,823 | ) | 28,682 | |||||||||||
| 5 Year U.S. Treasury Notes |
(60) | 09/30/26 | (6,358,594 | ) | 43,041 | |||||||||||
| ASX 90 Day Bank Accepted Bills |
(15) | 12/10/26 | (10,436,631 | ) | (1,628 | ) | ||||||||||
| ASX 90 Day Bank Accepted Bills |
(17) | 03/11/27 | (11,827,893 | ) | (1,933 | ) | ||||||||||
| ASX 90 Day Bank Accepted Bills |
(19) | 06/10/27 | (13,220,377 | ) | (1,781 | ) | ||||||||||
| Australian 10 Year Government Bonds |
(18) | 09/15/26 | (1,369,437 | ) | (5,306 | ) | ||||||||||
| Canada 10 Year Government Bonds |
(12) | 09/18/26 | (1,016,771 | ) | 5,914 | |||||||||||
| CBOE Volatility Index |
(5) | 08/19/26 | (90,523 | ) | 15,214 | |||||||||||
| CBOE Volatility Index |
(8) | 09/16/26 | (153,999 | ) | 10,030 | |||||||||||
| CBOE Volatility Index |
(8) | 10/21/26 | (162,439 | ) | 912 | |||||||||||
| Corn |
(15) | 09/14/26 | (330,563 | ) | (14,701 | ) | ||||||||||
| Euro BTP |
(10) | 09/08/26 | (1,340,191 | ) | 2,791 | |||||||||||
| Euro-Schatz |
(60) | 09/08/26 | (7,296,325 | ) | 9,443 | |||||||||||
| French 10 Year Government Bonds |
(14) | 09/08/26 | (1,890,958 | ) | 6,011 | |||||||||||
| FTSE/JSE Top 40 Index |
(3) | 09/17/26 | (187,413 | ) | (1,301 | ) | ||||||||||
| Gold |
(2) | 12/29/26 | (821,400 | ) | (836 | ) | ||||||||||
| HSCEI |
(2) | 08/28/26 | (110,119 | ) | (3,430 | ) | ||||||||||
| Ice 3M Sonia Index |
(3) | 03/16/27 | (969,066 | ) | (960 | ) | ||||||||||
| Ice 3M Sonia Index |
(10) | 06/15/27 | (3,224,662 | ) | (560 | ) | ||||||||||
| Ice 3M Sonia Index |
(10) | 09/14/27 | (3,222,135 | ) | 1,811 | |||||||||||
| Ice 3M Sonia Index |
(11) | 03/14/28 | (3,544,719 | ) | 3,722 | |||||||||||
| Ice 3M Sonia Index |
(11) | 12/14/27 | (3,543,792 | ) | 2,941 | |||||||||||
| Ice 3M Sonia Index |
(12) | 06/20/28 | (3,867,977 | ) | 3,899 | |||||||||||
|
|
||||||||||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
FUTURES CONTRACTS (continued)
| Description | Number of Contracts |
Expiration Date |
Notional Amount |
Unrealized Appreciation/ (Depreciation) |
||||||||||||
|
|
||||||||||||||||
| Short position contracts (continued): |
||||||||||||||||
| Ice 3M Sonia Index |
(12) | 09/19/28 | $ | (3,868,584 | ) | $ | 3,526 | |||||||||
| Ice 3M Sonia Index |
(11) | 12/19/28 | (3,546,202 | ) | (67 | ) | ||||||||||
| Japan 10 Year Government Bond |
(3) | 09/14/26 | (2,395,965 | ) | (4,085 | ) | ||||||||||
| KC HRW Wheat |
(2) | 09/14/26 | (70,750 | ) | (8,232 | ) | ||||||||||
| Lean Hogs |
(2) | 10/14/26 | (67,880 | ) | 534 | |||||||||||
| Live Cattle |
(1) | 10/30/26 | (90,900 | ) | (1,643 | ) | ||||||||||
| LME Lead |
(13) | 08/17/26 | (599,118 | ) | 30,270 | |||||||||||
| LME Lead |
(2) | 10/19/26 | (93,643 | ) | 7,194 | |||||||||||
| LME Lead |
(15) | 09/14/26 | (697,354 | ) | 7,946 | |||||||||||
| LME Nickel |
(7) | 08/17/26 | (718,553 | ) | (6,423 | ) | ||||||||||
| LME Nickel |
(7) | 09/14/26 | (721,199 | ) | (62,397 | ) | ||||||||||
| LME Nickel |
(3) | 12/14/26 | (312,538 | ) | 12,829 | |||||||||||
| LME Nickel |
(1) | 01/18/27 | (104,605 | ) | 3,049 | |||||||||||
| LME Nickel |
(2) | 04/19/27 | (211,491 | ) | 18,130 | |||||||||||
| LME Primary Aluminum |
(2) | 09/14/26 | (159,421 | ) | 6,569 | |||||||||||
| LME Primary Aluminum |
(7) | 12/14/26 | (556,365 | ) | 1,901 | |||||||||||
| LME Primary Aluminum |
(1) | 01/18/27 | (79,368 | ) | 5,680 | |||||||||||
| LME Primary Aluminum |
(5) | 08/17/26 | (399,209 | ) | 6,723 | |||||||||||
| LME Primary Aluminum |
(2) | 11/16/26 | (159,162 | ) | 17,404 | |||||||||||
| LME Primary Aluminum |
(2) | 03/15/27 | (158,312 | ) | 12,120 | |||||||||||
| LME Zinc |
(3) | 09/14/26 | (274,888 | ) | (6,280 | ) | ||||||||||
| LME Zinc |
(3) | 11/16/26 | (273,141 | ) | (22,389 | ) | ||||||||||
| LME Zinc |
(1) | 12/14/26 | (90,835 | ) | (8,614 | ) | ||||||||||
| LME Zinc |
(2) | 01/18/27 | (181,182 | ) | (19,999 | ) | ||||||||||
| LME Zinc |
(7) | 08/17/26 | (648,664 | ) | (32,322 | ) | ||||||||||
| LME Zinc |
(1) | 02/15/27 | (90,422 | ) | (2,966 | ) | ||||||||||
| LME Zinc |
(1) | 03/15/27 | (90,260 | ) | (2,443 | ) | ||||||||||
| MSCI EAFE Index |
(4) | 09/18/26 | (636,460 | ) | (3,828 | ) | ||||||||||
| Natural Gas |
(12) | 08/27/26 | (329,640 | ) | 23,687 | |||||||||||
| Silver |
(1) | 09/28/26 | (288,930 | ) | (3,573 | ) | ||||||||||
| Soybean Meal |
(2) | 12/14/26 | (64,240 | ) | (3,127 | ) | ||||||||||
| Soybean Oil |
(4) | 12/14/26 | (160,560 | ) | 6,047 | |||||||||||
| Sugar 11 |
(9) | 09/30/26 | (147,773 | ) | (5,209 | ) | ||||||||||
|
|
||||||||||||||||
| Total |
$ | 437,857 | ||||||||||||||
|
|
||||||||||||||||
| TOTAL FUTURES CONTRACTS |
$ | 425,795 | ||||||||||||||
|
|
||||||||||||||||
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS
| Referenced Obligation/Index |
Financing Rate Received/(Paid) by the Fund(a) |
Credit Spread at July 31, 2026(b) |
Termination Date |
Notional Amount (000s) |
Value | Upfront Premiums (Received) Paid |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| Protection Purchased: |
||||||||||||||||||||||||||||
| CDX.NA.IG Ind 46 |
(1.000)% | 0.528% | 06/20/31 | $ | 9,550 | $ | (208,108 | ) | $ | (191,683 | ) | $ | (16,425 | ) | ||||||||||||||
| ICE CD ITXEB 45 |
(1.000) | 0.537 | 06/20/31 | EUR | 4,700 | (119,818 | ) | (123,994 | ) | 4,176 | ||||||||||||||||||
| Protection Sold: |
||||||||||||||||||||||||||||
| CDX.NA.HY Ind 46 |
5.000 | 3.121 | 06/20/31 | $ | 5,300 | 430,628 | 347,974 | 82,654 | ||||||||||||||||||||
| ICE CD ITXEX 45 |
5.000 | 2.608 | 06/20/31 | EUR | 4,400 | 535,061 | 401,523 | 133,538 | ||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| TOTAL |
$ | 637,763 | $ | 433,820 | $ | 203,943 | ||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| (a) | Payments made quarterly. |
| (b) | Credit spread on the referenced obligation, together with the term of the swap contract, are indicators of payment/performance risk. The likelihood of a credit event occurring which would require a fund or its counterparty to make a payment or otherwise be required to perform under the swap contract is generally greater as the credit spread and the term of the swap contract increase. |
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
OVER-THE-COUNTER TOTAL RETURN SWAP CONTRACTS
| Reference Obligation/Index |
Financing Rate Paid/(Received) by |
Counterparty | Termination Date# |
Notional Amount (000s) |
Unrealized Appreciation/ (Depreciation)* |
|||||||||||||
|
|
||||||||||||||||||
| BCOMRS Index |
0.000% | BofA Securities LLC | 07/12/27 | $ | 1 | $ | 1,780 | |||||||||||
| DBCDSBEF Index(b) |
0.000 | Deutsche Bank AG (London) | 08/11/26 | EUR | 38 | (780 | ) | |||||||||||
| DBCDSBUF Index(b),(c) |
0.000 | Deutsche Bank AG (London) | 08/11/26 | 43 | (5,700 | ) | ||||||||||||
| JPOSFES1 Index(b),(c) |
0.000 | JPMorgan Securities, Inc. | 08/11/26 | 2 | 1,828 | |||||||||||||
| AMZX Index |
12M SOFR+0.710% | JPMorgan Securities, Inc. | 04/09/27 | — | 8,867 | |||||||||||||
| AMZX Index |
12M SOFR+0.750% | JPMorgan Securities, Inc. | 05/10/27 | — | 7,386 | |||||||||||||
| AMZX Index |
12M SOFR+0.870% | JPMorgan Securities, Inc. | 07/09/27 | — | 20,520 | |||||||||||||
| BCOMRS Index |
0.000 | JPMorgan Securities, Inc. | 08/12/26 | 2 | 4,360 | |||||||||||||
| BCOMRS Index |
0.000 | JPMorgan Securities, Inc. | 03/10/27 | 1 | 2,028 | |||||||||||||
| JCUBIXY1 Index(b) |
0.000 | JPMorgan Securities, Inc. | 08/11/26 | 5 | 4,369 | |||||||||||||
| JPOSCUVS Index(c) |
0.000 | JPMorgan Securities, Inc. | 08/11/26 | 4 | 33,516 | |||||||||||||
| JPOSSVV1 Index |
0.000 | JPMorgan Securities, Inc. | 08/11/26 | 2 | 4,794 | |||||||||||||
| AMZX Index |
12M SOFR+0.680% | MS & Co. Int. PLC | 01/11/27 | — | 11,962 | |||||||||||||
| MSCBVMH3 Index |
0.000 | MS & Co. Int. PLC | 08/10/26 | 42 | 71 | |||||||||||||
| MSFVWGTT Index |
0.000 | MS & Co. Int. PLC | 08/10/26 | 115 | 20,511 | |||||||||||||
| MSVXCS01 Index |
0.000 | MS & Co. Int. PLC | 08/10/26 | 3 | 11,709 | |||||||||||||
|
|
||||||||||||||||||
| TOTAL |
$ | 127,221 | ||||||||||||||||
|
|
||||||||||||||||||
| (a) | Payments made monthly. |
| (b) | Significant unobservable inputs were used in the valuation of this portfolio security; i.e., Level 3. (c) The top 50 components are shown below. |
| # | The Fund pays/receives annual coupon payments in accordance with the swap contract(s). On the termination date of the swap contract(s), the Fund will either receive from or pay to the counterparty an amount equal to the net of the accrued financing fees and the value of the reference security subtracted from the original notional cost (notional multiplied by the price change of the reference security, converted to U.S. Dollars). |
| * | There are no upfront payments on the swap contracts, therefore the unrealized gain (loss) on the swap contracts is equal to their market value. |
A basket (MSFVWGTT) of Options & Futures
| Caption | Security Type | Shares | Value | Weight | ||||||||||
|
|
||||||||||||||
| 10 Year U.S. Treasury Notes, 108.000 |
Options | — | $ | — | 0.0 | % | ||||||||
| 10 Year U.S. Treasury Notes, 108.500 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 107.250 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 106.750 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 108.250 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 107.500 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 107.000 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 107.750 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 108.000 |
Options | — | — | 0.0 | ||||||||||
| 10 Year U.S. Treasury Notes, 108.250 |
Options | (7 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 109.500 |
Options | (10 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 107.250 |
Options | (14 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 110.000 |
Options | (20 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 109.750 |
Options | (20 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 108.750 |
Options | (22 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 108.500 |
Options | (28 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 109.250 |
Options | (30 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 109.500 |
Options | (40 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 109.750 |
Options | (190 | ) | — | 0.0 | |||||||||
| 10 Year U.S. Treasury Notes, 107.500 |
Options | (14 | ) | (1 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 107.750 |
Options | (14 | ) | (1 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.250 |
Options | (7 | ) | (2 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.000 |
Options | (14 | ) | (2 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.500 |
Options | (24 | ) | (3 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 107.750 |
Options | (22 | ) | (4 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.000 |
Options | (22 | ) | (6 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 107.250 |
Options | (49 | ) | (7 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.750 |
Options | (119 | ) | (7 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.250 |
Options | (22 | ) | (8 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 107.500 |
Options | (49 | ) | (10 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.500 |
Options | (22 | ) | (12 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 107.750 |
Options | (49 | ) | (13 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.500 |
Options | (24 | ) | (15 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.750 |
Options | (22 | ) | (17 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.000 |
Options | (48 | ) | (17 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes, 108.250 |
Options | (48 | ) | (23 | ) | 0.0 | ||||||||
| 10 Year U.S. Treasury Notes |
Futures | (113 | ) | (12,158 | ) | (0.6 | ) | |||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
A basket (MSCBVMH3) of Options & Futures
| Caption | Security Type | Shares | Value | Weight | ||||||||||
|
|
||||||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 82.000, 08/21/26 |
Options | 73 | $ | 73 | 0.0 | % | ||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 76.000, 10/16/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 77.000, 10/16/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 80.000, 09/18/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 78.000, 10/16/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 77.000, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 79.000, 10/16/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 79.000, 10/16/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 80.000, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 78.000, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 81.000, 09/18/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 80.000, 09/18/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 78.000, 09/18/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 79.000, 09/18/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 79.000, 09/18/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 79.000, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 76.000, 09/18/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 78.500, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 76.000, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 81.000, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 79.500, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 79.500, 08/21/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 80.000, 10/16/26 |
Options | — | — | 0.0 | ||||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 77.000, 09/18/26 |
Options | (1 | ) | — | 0.0 | |||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF, 80.000, 08/21/26 |
Options | (1 | ) | — | 0.0 | |||||||||
| iShares iBoxx $ High Yield Corporate Bond ETF |
Futures | (1 | ) | — | 0.0 | |||||||||
| A basket (DBCDSBUF) of Swaps | ||||||||||||||
| Teck Resources Limited |
Swaps | (129 | ) | (2,655 | ) | 0.5 | ||||||||
| Netflix, Inc. |
Swaps | (129 | ) | (2,645 | ) | 0.5 | ||||||||
| Marathon Petroleum Corp. |
Swaps | (129 | ) | (2,601 | ) | 0.5 | ||||||||
| HCA Inc. |
Swaps | (129 | ) | (2,590 | ) | 0.5 | ||||||||
| Best Buy Co. Inc. |
Swaps | (129 | ) | (2,573 | ) | 0.5 | ||||||||
| T-Mobile USA, Inc. |
Swaps | (129 | ) | (2,486 | ) | 0.4 | ||||||||
| Advanced Micro Devices, Inc. |
Swaps | (129 | ) | (2,391 | ) | 0.4 | ||||||||
| Radian Group Inc. |
Swaps | (129 | ) | (2,375 | ) | 0.4 | ||||||||
| DXC Technology Company |
Swaps | (55 | ) | (544 | ) | 0.1 | ||||||||
| Barrick Gold Corporation |
Swaps | (129 | ) | (440 | ) | 0.1 | ||||||||
| Newmont Corporation |
Swaps | (129 | ) | (431 | ) | 0.1 | ||||||||
| AbbVie Inc. |
Swaps | (129 | ) | (428 | ) | 0.1 | ||||||||
| Boston Scientific Corporation |
Swaps | (129 | ) | (397 | ) | 0.1 | ||||||||
| ConocoPhillips |
Swaps | (129 | ) | (396 | ) | 0.1 | ||||||||
| Honeywell International Inc. |
Swaps | (109 | ) | (388 | ) | 0.1 | ||||||||
| American Electric Power Company, Inc. |
Swaps | (129 | ) | (366 | ) | 0.1 | ||||||||
| The Cigna Group |
Swaps | (129 | ) | (346 | ) | 0.1 | ||||||||
| TransCanada PipeLines Limited |
Swaps | (129 | ) | (334 | ) | 0.1 | ||||||||
| Valero Energy Corporation |
Swaps | (129 | ) | (329 | ) | 0.1 | ||||||||
| CDX.NA.IG.46 Index |
Swaps | (129 | ) | (328 | ) | 0.1 | ||||||||
| Kinder Morgan, Inc. |
Swaps | (129 | ) | (328 | ) | 0.1 | ||||||||
| Simon Property Group, L.P. |
Swaps | (129 | ) | (327 | ) | 0.1 | ||||||||
| FirstEnergy Corp. |
Swaps | (121 | ) | (320 | ) | 0.1 | ||||||||
| The PNC Financial Services Group, Inc. |
Swaps | (129 | ) | (312 | ) | 0.1 | ||||||||
| Microsoft Corp. |
Swaps | (129 | ) | (302 | ) | 0.1 | ||||||||
| CSX Corporation |
Swaps | (77 | ) | (297 | ) | 0.1 | ||||||||
| The Williams Companies, Inc. |
Swaps | (129 | ) | (290 | ) | 0.1 | ||||||||
| General Mills, Inc. |
Swaps | (129 | ) | (289 | ) | 0.1 | ||||||||
| Canadian Natural Resources Limited |
Swaps | (129 | ) | (286 | ) | 0.1 | ||||||||
| Enbridge Inc. |
Swaps | (129 | ) | (274 | ) | 0.0 | ||||||||
| Energy Transfer L.P. |
Swaps | (129 | ) | (266 | ) | 0.0 | ||||||||
| Halliburton Company |
Swaps | (107 | ) | (257 | ) | 0.0 | ||||||||
| NextEra Energy Capital Holdings, Inc. |
Swaps | (129 | ) | (211 | ) | 0.0 | ||||||||
| Amazon.com, Inc |
Swaps | (107 | ) | (205 | ) | 0.0 | ||||||||
| McKesson Corporation |
Swaps | (56 | ) | (185 | ) | 0.0 | ||||||||
| Bristol-Myers Squibb Company |
Swaps | (48 | ) | (160 | ) | 0.0 | ||||||||
| United Parcel Service, Inc. |
Swaps | (43 | ) | (150 | ) | 0.0 | ||||||||
| RTX Corporation |
Swaps | (45 | ) | (147 | ) | 0.0 | ||||||||
| Pfizer Inc. |
Swaps | (44 | ) | (144 | ) | 0.0 | ||||||||
| Lennar Corporation |
Swaps | (7 | ) | (138 | ) | 0.0 | ||||||||
| Baxter International Inc. |
Swaps | (121 | ) | (134 | ) | 0.0 | ||||||||
| AT&T Inc. |
Swaps | (129 | ) | (132 | ) | 0.0 | ||||||||
| Hess Corporation |
Swaps | (21 | ) | (68 | ) | 0.0 | ||||||||
| Conagra Brands, Inc. |
Swaps | (129 | ) | (67 | ) | 0.0 | ||||||||
| Verizon Communications Inc. |
Swaps | (63 | ) | (66 | ) | 0.0 | ||||||||
| HSBC Holdings PLC |
Swaps | (129 | ) | (65 | ) | 0.0 | ||||||||
| The Campbell Soup Company |
Swaps | (129 | ) | (64 | ) | 0.0 | ||||||||
| Sempra |
Swaps | (21 | ) | (60 | ) | 0.0 | ||||||||
| International Paper Company |
Swaps | (22 | ) | (51 | ) | 0.0 | ||||||||
| Ovintiv Inc. |
Swaps | (31 | ) | (43 | ) | 0.0 | ||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
A basket (DBCDSBEF) of Swaps
| Caption | Security Type | Shares | Value | Weight | ||||||||||
|
|
||||||||||||||
| EDP, S.A |
Swaps | 1,163 | $ | 24,490 | 0.5 | % | ||||||||
| Dolce & Gabbana |
Swaps | 1,163 | 24,028 | 0.5 | ||||||||||
| Smurfit Kappa Acquisitions Unlimited Company |
Swaps | 1,163 | 23,882 | 0.5 | ||||||||||
| Wendel |
Swaps | 1,163 | 23,096 | 0.5 | ||||||||||
| ITV PLC |
Swaps | 1,163 | 22,880 | 0.5 | ||||||||||
| CNH Industrial N.V. |
Swaps | 1,163 | 22,806 | 0.5 | ||||||||||
| Cellnex Telecom, S.A |
Swaps | 1,163 | 22,394 | 0.4 | ||||||||||
| Stora Enso OYJ |
Swaps | 1,163 | 22,250 | 0.4 | ||||||||||
| Louis Dreyfus Company B.V. |
Swaps | 1,124 | 21,262 | 0.4 | ||||||||||
| Heidelberg Materials AG |
Swaps | 1,054 | 21,173 | 0.4 | ||||||||||
| ArcelorMittal SA |
Swaps | 969 | 18,856 | 0.4 | ||||||||||
| Stellantis N.V. |
Swaps | 872 | 12,710 | 0.3 | ||||||||||
| Anglo American PLC |
Swaps | 632 | 12,639 | 0.3 | ||||||||||
| Leonardo Societa per Azioni |
Swaps | 388 | 8,214 | 0.2 | ||||||||||
| Glencore International AG |
Swaps | 361 | 7,264 | 0.1 | ||||||||||
| Vodafone Group Public Limited Company |
Swaps | 1,163 | 2,921 | 0.1 | ||||||||||
| British American Tobacco P.L.C |
Swaps | 1,163 | 2,732 | 0.1 | ||||||||||
| Henkel AG & Co. KGaA |
Swaps | 775 | 2,435 | 0.0 | ||||||||||
| Pernod Ricard |
Swaps | 1,000 | 2,223 | 0.0 | ||||||||||
| Imperial Brands PLC |
Swaps | 1,163 | 2,191 | 0.0 | ||||||||||
| Aviva PLC |
Swaps | 1,146 | 2,167 | 0.0 | ||||||||||
| Polartec, LLC |
Swaps | 683 | 2,086 | 0.0 | ||||||||||
| ENEL S.p.A. |
Swaps | 856 | 1,975 | 0.0 | ||||||||||
| Experian Finance PLC |
Swaps | 581 | 1,904 | 0.0 | ||||||||||
| Svenska Handelsbanken AB |
Swaps | 375 | 1,344 | 0.0 | ||||||||||
| Pearson PLC |
Swaps | 578 | 1,285 | 0.0 | ||||||||||
| Marks and Spencer P.L.C |
Swaps | 835 | 1,158 | 0.0 | ||||||||||
| Diageo PLC |
Swaps | 388 | 1,055 | 0.0 | ||||||||||
| Bertelsmann SE & Co. KGaA |
Swaps | 388 | 1,053 | 0.0 | ||||||||||
| Bekaert SA |
Swaps | 879 | 1,030 | 0.0 | ||||||||||
| UNILEVER PLC |
Swaps | 172 | 598 | 0.0 | ||||||||||
| Centrica PLC |
Swaps | 194 | 459 | 0.0 | ||||||||||
| Repsol, S.A. |
Swaps | 194 | 365 | 0.0 | ||||||||||
| Carrefour S.A. |
Swaps | 194 | 316 | 0.0 | ||||||||||
| Danske Bank A/S |
Swaps | 104 | 208 | 0.0 | ||||||||||
| Unibail-Rodamco-Westfield SE |
Swaps | 194 | 202 | 0.0 | ||||||||||
| Mediobanca – Banca di Credito Finanziario S.p.A. |
Swaps | 98 | 180 | 0.0 | ||||||||||
| Sanofi |
Swaps | 41 | 134 | 0.0 | ||||||||||
| National Grid PLC |
Swaps | 41 | 103 | 0.0 | ||||||||||
| Bayer Aktiengesellschaft |
Swaps | 26 | 58 | 0.0 | ||||||||||
| WPP 2005 Limited |
Swaps | 364 | (368 | ) | 0.0 | |||||||||
| Südzucker AG |
Swaps | 1,163 | (2,752 | ) | (0.1 | ) | ||||||||
| PostNL N.V. |
Swaps | 1,163 | (3,450 | ) | (0.1 | ) | ||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVE FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
A basket (JPOSCUVS) of Futures & Options
| Caption | Security Type | Shares | Value | Weight | ||||||||||
|
|
||||||||||||||
| S&P 500 E-Mini Index |
Futures | 7 | $ | 50,672 | 1.5 | % | ||||||||
| Advanced Micro Devices Inc, 220.000, 08/21/26 |
Options | 1 | 133 | 0.0 | ||||||||||
| Apple Inc, 265.000, 09/18/26 |
Options | 3 | 127 | 0.0 | ||||||||||
| Amazon.com Inc, 220.000, 08/21/26 |
Options | 2 | 127 | 0.0 | ||||||||||
| Apple Inc, 270.000, 09/18/26 |
Options | 3 | 114 | 0.0 | ||||||||||
| Amazon.com Inc, 225.000, 09/18/26 |
Options | 2 | 101 | 0.0 | ||||||||||
| Advanced Micro Devices Inc, 220.000, 09/18/26 |
Options | — | 101 | 0.0 | ||||||||||
| Apple Inc, 280.000, 08/21/26 |
Options | 3 | 91 | 0.0 | ||||||||||
| Micron Technology Inc, 440.000, 08/21/26 |
Options | — | 89 | 0.0 | ||||||||||
| Apple Inc, 275.000, 10/16/26 |
Options | 2 | 88 | 0.0 | ||||||||||
| Microsoft Corp, 405.000, 01/15/27 |
Options | 1 | 80 | 0.0 | ||||||||||
| Amazon.com Inc, 220.000, 09/18/26 |
Options | 1 | 76 | 0.0 | ||||||||||
| NVIDIA Corp, 200.000, 11/20/26 |
Options | 4 | 75 | 0.0 | ||||||||||
| Advanced Micro Devices Inc, 210.000, 09/18/26 |
Options | — | 75 | 0.0 | ||||||||||
| Amazon.com Inc, 260.000, 01/15/27 |
Options | 2 | 75 | 0.0 | ||||||||||
| Apple Inc, 285.000, 10/16/26 |
Options | 2 | 71 | 0.0 | ||||||||||
| Microsoft Corp, 395.000, 10/16/26 |
Options | 1 | 71 | 0.0 | ||||||||||
| NVIDIA Corp, 185.000, 09/18/26 |
Options | 3 | 69 | 0.0 | ||||||||||
| Microsoft Corp, 390.000, 09/18/26 |
Options | 1 | 62 | 0.0 | ||||||||||
| Advanced Micro Devices Inc, 210.000, 08/21/26 |
Options | — | 62 | 0.0 | ||||||||||
| NVIDIA Corp, 210.000, 10/16/26 |
Options | 5 | 61 | 0.0 | ||||||||||
| Microsoft Corp, 430.000, 08/21/26 |
Options | 2 | 60 | 0.0 | ||||||||||
| Microsoft Corp, 415.000, 01/15/27 |
Options | 1 | 60 | 0.0 | ||||||||||
| NVIDIA Corp, 210.000, 11/20/26 |
Options | 3 | 58 | 0.0 | ||||||||||
| Advanced Micro Devices Inc, 230.000, 08/21/26 |
Options | — | 57 | 0.0 | ||||||||||
| NVIDIA Corp, 190.000, 09/18/26 |
Options | 3 | 57 | 0.0 | ||||||||||
| Microsoft Corp, 420.000, 08/21/26 |
Options | 1 | 57 | 0.0 | ||||||||||
| Apple Inc, 275.000, 09/18/26 |
Options | 1 | 56 | 0.0 | ||||||||||
| NVIDIA Corp, 205.000, 11/20/26 |
Options | 3 | 52 | 0.0 | ||||||||||
| Amazon.com Inc, 225.000, 08/21/26 |
Options | 1 | 51 | 0.0 | ||||||||||
| Microsoft Corp, 410.000, 01/15/27 |
Options | 1 | 50 | 0.0 | ||||||||||
| NVIDIA Corp, 215.000, 01/15/27 |
Options | 3 | 49 | 0.0 | ||||||||||
| Cisco Systems Inc, 82.500, 09/18/26 |
Options | 1 | 49 | 0.0 | ||||||||||
| Tesla Inc, 390.000, 08/21/26 |
Options | 1 | 48 | 0.0 | ||||||||||
| Microsoft Corp, 395.000, 12/18/26 |
Options | 1 | 47 | 0.0 | ||||||||||
| NVIDIA Corp, 185.000, 01/15/27 |
Options | 3 | 47 | 0.0 | ||||||||||
| Broadcom Inc, 350.000, 08/21/26 |
Options | 1 | 47 | 0.0 | ||||||||||
| Apple Inc, 310.000, 12/18/26 |
Options | 2 | 47 | 0.0 | ||||||||||
| NVIDIA Corp, 195.000, 08/21/26 |
Options | 4 | 46 | 0.0 | ||||||||||
| NVIDIA Corp, 210.000, 01/15/27 |
Options | 2 | 45 | 0.0 | ||||||||||
| Apple Inc, 290.000, 08/21/26 |
Options | 2 | 44 | 0.0 | ||||||||||
| Amazon.com Inc, 260.000, 12/18/26 |
Options | 1 | 44 | 0.0 | ||||||||||
| NVIDIA Corp, 190.000, 01/15/27 |
Options | 3 | 43 | 0.0 | ||||||||||
| NVIDIA Corp, 200.000, 01/15/27 |
Options | 2 | 42 | 0.0 | ||||||||||
| Broadcom Inc, 340.000, 09/18/26 |
Options | 1 | 42 | 0.0 | ||||||||||
| NVIDIA Corp, 185.000, 10/16/26 |
Options | 5 | 42 | 0.0 | ||||||||||
| Amazon.com Inc, 255.000, 12/18/26 |
Options | 1 | 41 | 0.0 | ||||||||||
| Apple Inc, 315.000, 12/18/26 |
Options | 2 | 41 | 0.0 | ||||||||||
| Microsoft Corp, 445.000, 11/20/26 |
Options | 1 | 40 | 0.0 | ||||||||||
| Broadcom Inc, 390.000, 11/20/26 |
Options | 1 | 39 | 0.0 | ||||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
| Caption | Security Type | Shares | Value | Weight | ||||||||||
|
|
||||||||||||||
| A basket (MSVXCS01) of Futures & Options | ||||||||||||||
| CBOE Volatility Index |
Futures | 21 | $ | 375 | 0.0 | % | ||||||||
| CBOE Volatility Index |
Futures | 13 | 252 | 0.0 | ||||||||||
| CBOE Volatility Index, 33.000, 08/19/26 |
Options | — | — | 0.0 | ||||||||||
| CBOE Volatility Index, 32.000, 08/19/26 |
Options | — | — | 0.0 | ||||||||||
| CBOE Volatility Index, 35.000, 08/19/26 |
Options | — | — | 0.0 | ||||||||||
| CBOE Volatility Index, 31.000, 09/16/26 |
Options | — | — | 0.0 | ||||||||||
| CBOE Volatility Index, 32.000, 09/16/26 |
Options | — | — | 0.0 | ||||||||||
| CBOE Volatility Index, 30.000, 09/16/26 |
Options | — | — | 0.0 | ||||||||||
| CBOE Volatility Index, 30.000, 08/19/26 |
Options | (1 | ) | — | 0.0 | |||||||||
| CBOE Volatility Index, 31.000, 08/19/26 |
Options | (1 | ) | — | 0.0 | |||||||||
| CBOE Volatility Index, 29.000, 08/19/26 |
Options | (2 | ) | (1 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 20.000, 08/19/26 |
Options | (2 | ) | (2 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 28.000, 08/19/26 |
Options | (5 | ) | (2 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 29.000, 09/16/26 |
Options | (3 | ) | (3 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 26.000, 08/19/26 |
Options | (9 | ) | (4 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 20.500, 08/19/26 |
Options | (6 | ) | (5 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 24.500, 08/19/26 |
Options | (10 | ) | (5 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 23.500, 09/16/26 |
Options | (4 | ) | (6 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 27.000, 08/19/26 |
Options | (13 | ) | (6 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 24.000, 09/16/26 |
Options | (5 | ) | (7 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 28.000, 09/16/26 |
Options | (8 | ) | (8 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 21.000, 08/19/26 |
Options | (12 | ) | (9 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 23.500, 08/19/26 |
Options | (15 | ) | (9 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 24.500, 09/16/26 |
Options | (8 | ) | (10 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 25.000, 08/19/26 |
Options | (21 | ) | (11 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 26.000, 09/16/26 |
Options | (11 | ) | (12 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 21.500, 08/19/26 |
Options | (19 | ) | (14 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 22.000, 08/19/26 |
Options | (21 | ) | (14 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 23.000, 08/19/26 |
Options | (23 | ) | (14 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 24.000, 08/19/26 |
Options | (25 | ) | (14 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 27.000, 09/16/26 |
Options | (15 | ) | (15 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 25.000, 09/16/26 |
Options | (14 | ) | (16 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 22.500, 08/19/26 |
Options | (24 | ) | (16 | ) | 0.0 | ||||||||
| CBOE Volatility Index, 23.000, 09/16/26 |
Options | (13 | ) | (19 | ) | 0.0 | ||||||||
| A basket (JPOSFES1) of Options & Forwards | ||||||||||||||
| Call EUR/Put USD, 1.149, 08/20/26 |
Options | 154,351 | 1,080 | 0.6 | ||||||||||
| Call EUR/Put USD, 1.150, 08/25/26 |
Options | 144,476 | 1,041 | 0.6 | ||||||||||
| Call EUR/Put USD, 1.152, 08/26/26 |
Options | 169,041 | 1,027 | 0.6 | ||||||||||
| Call EUR/Put USD, 1.150, 08/24/26 |
Options | 136,285 | 957 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.159, 08/28/26 |
Options | 260,112 | 948 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.153, 08/17/26 |
Options | 218,579 | 934 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.151, 08/21/26 |
Options | 141,104 | 917 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.155, 08/07/26 |
Options | 401,678 | 914 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.154, 08/10/26 |
Options | 298,391 | 861 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.156, 08/12/26 |
Options | 315,992 | 846 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.153, 08/05/26 |
Options | 380,458 | 829 | 0.5 | ||||||||||
| Call EUR/Put USD, 1.153, 08/18/26 |
Options | 173,678 | 799 | 0.4 | ||||||||||
| Call EUR/Put USD, 1.153, 08/19/26 |
Options | 168,550 | 794 | 0.4 | ||||||||||
| Call EUR/Put USD, 1.153, 08/03/26 |
Options | 781,210 | 780 | 0.4 | ||||||||||
| Call EUR/Put USD, 1.156, 08/14/26 |
Options | 236,650 | 749 | 0.4 | ||||||||||
| Call EUR/Put USD, 1.157, 08/13/26 |
Options | 311,671 | 738 | 0.4 | ||||||||||
| Call EUR/Put USD, 1.157, 08/06/26 |
Options | 517,382 | 647 | 0.4 | ||||||||||
| Call EUR/Put USD, 1.166, 08/27/26 |
Options | 343,838 | 585 | 0.3 | ||||||||||
| Call EUR/Put USD, 1.158, 08/11/26 |
Options | 314,127 | 504 | 0.3 | ||||||||||
| Call EUR/Put USD, 1.155, 08/04/26 |
Options | 580,098 | 495 | 0.3 | ||||||||||
| Buy EUR/Sell USD |
Forwards | (3 | ) | (3 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (15 | ) | (17 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (21 | ) | (24 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (27 | ) | (31 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (43 | ) | (50 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (50 | ) | (58 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (54 | ) | (62 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (57 | ) | (66 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (59 | ) | (68 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (64 | ) | (74 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (65 | ) | (75 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (68 | ) | (78 | ) | 0.0 | ||||||||
| Buy EUR/Sell USD |
Forwards | (95 | ) | (109 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (102 | ) | (118 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (107 | ) | (123 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (108 | ) | (124 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (114 | ) | (131 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (114 | ) | (131 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (114 | ) | (131 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (115 | ) | (132 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (122 | ) | (140 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (124 | ) | (143 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (127 | ) | (146 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (132 | ) | (152 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (133 | ) | (153 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (143 | ) | (164 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (160 | ) | (184 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (161 | ) | (185 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (176 | ) | (203 | ) | (0.1 | ) | |||||||
| Buy EUR/Sell USD |
Forwards | (181 | ) | (208 | ) | (0.1 | ) | |||||||
|
|
||||||||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
EXCHANGE TRADED OPTIONS ON EQUITY CONTRACTS
| Description | Exercise Price |
Expiration Date |
Number of Contracts |
Notional Amount |
Market Value |
Premiums Paid (Received) by Fund |
Unrealized Appreciation/ (Depreciation) |
|||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| Purchased option contracts |
||||||||||||||||||||||||||||
| Calls |
||||||||||||||||||||||||||||
| CBOE Volatility Index |
$ | 24.000 | 08/19/2026 | 50 | $ | 120,000 | $ | 2,750 | $ | 11,840 | $ | (9,090 | ) | |||||||||||||||
| CBOE Volatility Index |
23.000 | 09/16/2026 | 50 | 115,000 | 6,975 | 12,265 | (5,290 | ) | ||||||||||||||||||||
| CBOE Volatility Index |
22.000 | 10/21/2026 | 80 | 176,000 | 18,800 | 20,980 | (2,180 | ) | ||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| Total purchased option contracts |
180 | $ | 28,525 | $ | 45,085 | $ | (16,560 | ) | ||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| Written option contracts |
||||||||||||||||||||||||||||
| Calls |
||||||||||||||||||||||||||||
| Euro Stoxx 50 Index |
EUR | 6,525.000 | 08/07/2026 | (1) | EUR | (652,500 | ) | (17 | ) | (135 | ) | 118 | ||||||||||||||||
| Euro Stoxx 50 Index |
6,500.000 | 08/14/2026 | (1) | (650,000 | ) | (174 | ) | (130 | ) | (44 | ) | |||||||||||||||||
| Euro Stoxx 50 Index |
6,550.000 | 08/21/2026 | (1) | (655,000 | ) | (187 | ) | (217 | ) | 30 | ||||||||||||||||||
| S&P 500 Index |
$ | 7,575.000 | 08/03/2026 | (1) | $ | (757,500 | ) | (35 | ) | (1,062 | ) | 1,027 | ||||||||||||||||
| S&P 500 Index |
7,585.000 | 08/05/2026 | (1) | (758,500 | ) | (282 | ) | (376 | ) | 94 | ||||||||||||||||||
| S&P 500 Index |
7,800.000 | 08/05/2026 | (1) | (780,000 | ) | (10 | ) | (796 | ) | 786 | ||||||||||||||||||
| S&P 500 Index |
7,580.000 | 08/07/2026 | (1) | (758,000 | ) | (1,075 | ) | (693 | ) | (382 | ) | |||||||||||||||||
| S&P 500 Index |
7,850.000 | 08/12/2026 | (1) | (785,000 | ) | (23 | ) | (1,190 | ) | 1,167 | ||||||||||||||||||
| S&P 500 Index |
7,800.000 | 08/19/2026 | (1) | (780,000 | ) | (227 | ) | (1,129 | ) | 901 | ||||||||||||||||||
| S&P 500 Index |
7,725.000 | 08/26/2026 | (1) | (772,500 | ) | (1,515 | ) | (945 | ) | (570 | ) | |||||||||||||||||
|
|
||||||||||||||||||||||||||||
| (10) | $ | (3,545 | ) | $ | (6,673 | ) | $ | 3,127 | ||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| Puts |
||||||||||||||||||||||||||||
| Euro Stoxx 50 Index |
EUR | 6,000.000 | 08/07/2026 | (3) | EUR | (1,800,000 | ) | (35 | ) | (1,007 | ) | 973 | ||||||||||||||||
| Euro Stoxx 50 Index |
5,950.000 | 08/14/2026 | (2) | (1,190,000 | ) | (118 | ) | (701 | ) | 583 | ||||||||||||||||||
| Euro Stoxx 50 Index |
5,975.000 | 08/21/2026 | (3) | (1,792,500 | ) | (464 | ) | (837 | ) | 374 | ||||||||||||||||||
| S&P 500 Index |
$ | 7,215.000 | 08/03/2026 | (1) | $ | (721,500 | ) | (32 | ) | (1,399 | ) | 1,366 | ||||||||||||||||
| S&P 500 Index |
7,225.000 | 08/05/2026 | (1) | (722,500 | ) | (195 | ) | (5,329 | ) | 5,134 | ||||||||||||||||||
| S&P 500 Index |
7,245.000 | 08/05/2026 | (1) | (724,500 | ) | (230 | ) | (3,409 | ) | 3,179 | ||||||||||||||||||
| S&P 500 Index |
7,270.000 | 08/07/2026 | (1) | (727,000 | ) | (620 | ) | (1,415 | ) | 795 | ||||||||||||||||||
| S&P 500 Index |
7,250.000 | 08/12/2026 | (1) | (725,000 | ) | (1,170 | ) | (3,391 | ) | 2,221 | ||||||||||||||||||
| S&P 500 Index |
7,200.000 | 08/19/2026 | (1) | (720,000 | ) | (1,880 | ) | (4,013 | ) | 2,133 | ||||||||||||||||||
| S&P 500 Index |
7,075.000 | 08/26/2026 | (1) | (707,500 | ) | (1,910 | ) | (5,290 | ) | 3,380 | ||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| (15) | $ | (6,654 | ) | $ | (26,791 | ) | $ | 20,138 | ||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| Total written option contracts |
(25) | $ | (10,199 | ) | $ | (33,464 | ) | $ | 23,265 | |||||||||||||||||||
|
|
||||||||||||||||||||||||||||
| TOTAL |
155 | $ | 18,326 | $ | 11,621 | $ | 6,705 | |||||||||||||||||||||
|
|
||||||||||||||||||||||||||||
GOLDMAN SACHS MULTI-STRATEGY ALTERNATIVES FUND
Consolidated Schedule of Investments (continued)
July 31, 2026 (Unaudited)
ADDITIONAL INVESTMENT INFORMATION (continued)
|
| ||
| Currency Abbreviations: | ||
| AUD | — Australian Dollar | |
| BRL | — Brazil Real | |
| CAD | — Canadian Dollar | |
| CHF | — Swiss Franc | |
| CLP | — Chilean Peso | |
| CZK | — Czech Republic Koruna | |
| EUR | — Euro | |
| GBP | — British Pound | |
| HUF | — Hungarian Forint | |
| IDR | — Indonesia Rupiah | |
| ILS | — Israeli Shekel | |
| INR | — Indian Rupee | |
| JPY | — Japanese Yen | |
| KRW | — South Korean Won | |
| MXN | — Mexican Peso | |
| NOK | — Norwegian Krone | |
| NZD | — New Zealand Dollar | |
| PHP | — Philippines Peso | |
| PLN | — Polish Zloty | |
| SEK | — Swedish Krona | |
| TWD | — Taiwan Dollar | |
| USD | — U.S. Dollar | |
| ZAR | — South African Rand | |
| Investment Abbreviations: | ||
| ETF | — Exchange Traded Fund | |
| Abbreviations: | ||
| BofA Securities LLC | — Bank of America Securities LLC | |
| CDX.NA.HY Ind 46 | — CDX North America High Yield Index 46 | |
| CDX.NA.IG Ind 46 | — CDX North America Investment Grade Index 46 | |
| ICE | — Inter-Continental Exchange | |
| ICE CD ITXEB | — iTraxx Europe Index | |
| ICE CD ITXEX | — iTraxx Europe Crossover Index | |
| MS & Co. Int. PLC | — Morgan Stanley & Co. International PLC | |
|
| ||