Form NPORT-P GOLDMAN SACHS TRUST For: Sep 30

November 24, 2020 5:09 PM

  
    NPORT-P
    false
    
      
      
        
          0000822977
          XXXXXXXX
        
      
      
      
      
        S000018299
        C000091966
        C000200309
        C000201772
        C000050448
        C000050447
        C000050446
      
      
      
    
  
  
    
      Goldman Sachs Trust
      811-05349
      0000822977
      S2FHCT8U6D2VORP0J605
      71 South Wacker Drive
      Chicago
      
      60606
      312-655-4400
      Goldman Sachs International Equity Dividend and Premium Fund
      S000018299
      TLB6XFYHFX2PZDM7GX97
      2020-12-31
      2020-09-30
      N
    
    
      196677179.86
      1714961.76
      194962218.10
      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
      1504343.39000000
      N
      
        
          
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Gecina SA
        9695003E4MMA10IBTR26
        Gecina SA
        N/A
        
          
        
        764.00000000
        NS
        
        100714.87000000
        0.051658660319
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Coca-Cola Amatil Ltd.
        JOR7RJTXUXBRJ4UA5G70
        Coca-Cola Amatil Ltd.
        N/A
        
          
        
        51205.00000000
        NS
        
        350492.87000000
        0.179774765293
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Eisai Co. Ltd.
        353800HDEE0ZYEX4QV91
        Eisai Co. Ltd.
        N/A
        
          
        
        9700.00000000
        NS
        
        885923.56000000
        0.454407817388
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Wesfarmers Ltd.
        5493003L32ZX9557ST85
        Wesfarmers Ltd.
        N/A
        
          
        
        30155.00000000
        NS
        
        963882.50000000
        0.494394508532
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        M&G plc
        254900TWUJUQ44TQJY84
        M&G plc
        N/A
        
          
        
        133695.00000000
        NS
        
        274800.64000000
        0.140950714799
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        SoftBank Group Corp.
        5493003BZYYYCDIO0R13
        SoftBank Group Corp.
        N/A
        
          
        
        17500.00000000
        NS
        
        1082805.23000000
        0.555392342450
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Ono Pharmaceutical Co. Ltd.
        N/A
        Ono Pharmaceutical Co. Ltd.
        N/A
        
          
        
        3000.00000000
        NS
        
        94361.59000000
        0.048399936623
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nintendo Co. Ltd.
        353800FEEXU6I9M0ZF27
        Nintendo Co. Ltd.
        N/A
        
          
        
        1800.00000000
        NS
        
        1020044.26000000
        0.523200992449
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Financial Group, Inc.
        35380028MYWPB6AUO129
        Sumitomo Mitsui Financial Group, Inc.
        N/A
        
          
        
        46600.00000000
        NS
        
        1302973.58000000
        0.668321068922
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Enel SpA
        WOCMU6HCI0OJWNPRZS33
        Enel SpA
        N/A
        
          
        
        9895.00000000
        NS
        
        85848.18000000
        0.044033239279
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        LIXIL Group Corp.
        353800KB8G4F9WUJJ886
        LIXIL Group Corp.
        N/A
        
          
        
        27300.00000000
        NS
        
        551795.78000000
        0.283027032302
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        AstraZeneca plc
        PY6ZZQWO2IZFZC3IOL08
        AstraZeneca plc
        046353108
        
          
        
        31958.00000000
        NS
        USD
        1751298.40000000
        0.898275787517
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Deutsche Boerse AG
        529900G3SW56SHYNPR95
        Deutsche Boerse AG
        N/A
        
          
        
        2230.00000000
        NS
        
        390964.38000000
        0.200533407862
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Eni SpA
        BUCRF72VH5RBN7X3VL35
        Eni SpA
        N/A
        
          
        
        4925.00000000
        NS
        
        38494.15000000
        0.019744415289
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        Skanska AB
        549300UINV5RINHGMG07
        Skanska AB, Class B
        N/A
        
          
        
        1.00000000
        NS
        
        21.12000000
        0.000010832868
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Neste OYJ
        5493009GY1X8GQ66AM14
        Neste OYJ
        N/A
        
          
        
        7263.00000000
        NS
        
        382467.66000000
        0.196175271151
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        Vivendi SA
        969500FU4DRAEVJW7U54
        Vivendi SA
        N/A
        
          
        
        34174.00000000
        NS
        
        954441.47000000
        0.489552016437
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Novartis AG
        5493007HIVTX6SY6XD66
        Novartis AG (Registered)
        N/A
        
          
        
        38853.00000000
        NS
        
        3373385.35000000
        1.730276451958
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Jeronimo Martins SGPS SA
        259400A8SZP10GB5IB19
        Jeronimo Martins SGPS SA
        N/A
        
          
        
        1352.00000000
        NS
        
        21740.67000000
        0.011151222124
        Long
        EC
        CORP
        PT
        N
        
        2
        
          N
          N
          N
        
      
      
        TOTAL SE
        529900S21EQ1BO4ESM68
        TOTAL SE
        N/A
        
          
        
        42051.00000000
        NS
        
        1444139.00000000
        0.740727621009
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Techtronic Industries Co. Ltd.
        549300HZW2SBE758OK89
        Techtronic Industries Co. Ltd.
        N/A
        
          
        
        24000.00000000
        NS
        
        319096.97000000
        0.163671183632
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Telia Co. AB
        213800FSR9RNDUOTXO25
        Telia Co. AB
        N/A
        
          
        
        247523.00000000
        NS
        
        1012650.27000000
        0.519408467891
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        EURO STOXX 50 Index
        N/A
        
          
          
        
        -865.00000000
        NC
        
        -597345.69000000
        -0.30639048725
        N/A
        DE
        
        DE
        N
        
        1
        
          
            
              Eurex Clearing
              529900LN3S50JPU47S06
            
            Call
            Written
            
              
                EURO STOXX 50 Index
                EU0009658145
              
            
            10.00000000
            3375.00000000
            EUR
            2020-12-18
            XXXX
            496433.92000000
          
        
        
          N
          N
          N
        
      
      
        Unibail-Rodamco-Westfield
        N/A
        Unibail-Rodamco-Westfield
        N/A
        
          
        
        1535.00000000
        NS
        
        56610.51000000
        0.029036656718
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        LafargeHolcim Ltd.
        529900EHPFPYHV6IQO98
        LafargeHolcim Ltd. (Registered)
        N/A
        
          
        
        17849.00000000
        NS
        
        812478.67000000
        0.416736472285
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Diageo plc
        213800ZVIELEA55JMJ32
        Diageo plc
        N/A
        
          
        
        13945.00000000
        NS
        
        478992.86000000
        0.245684966383
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Fast Retailing Co. Ltd.
        353800ZCXKHDPY0N5218
        Fast Retailing Co. Ltd.
        N/A
        
          
        
        200.00000000
        NS
        
        125684.29000000
        0.064465972548
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Danone SA
        969500KMUQ2B6CBAF162
        Danone SA
        N/A
        
          
        
        21499.00000000
        NS
        
        1392598.88000000
        0.714291668186
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Lawson, Inc.
        529900IWO8XQO92PR233
        Lawson, Inc.
        N/A
        
          
        
        7700.00000000
        NS
        
        367156.08000000
        0.188321657179
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Jardine Strategic Holdings Ltd.
        213800BZ6VW56K2S6677
        Jardine Strategic Holdings Ltd.
        N/A
        
          
        
        2200.00000000
        NS
        USD
        43619.02000000
        0.022373063060
        Long
        EC
        CORP
        BM
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Moncler SpA
        815600EBD7FB00525B20
        Moncler SpA
        N/A
        
          
        
        2098.00000000
        NS
        
        85853.41000000
        0.044035921850
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        TDK Corp.
        3538005O8WNU39U8NX03
        TDK Corp.
        N/A
        
          
        
        1000.00000000
        NS
        
        109192.79000000
        0.056007154136
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Idemitsu Kosan Co. Ltd.
        549300P0R46FF6DUA630
        Idemitsu Kosan Co. Ltd.
        N/A
        
          
        
        3200.00000000
        NS
        
        68322.51000000
        0.035043974502
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nisshin Seifun Group, Inc.
        529900N4QFZS1P6PYX29
        Nisshin Seifun Group, Inc.
        N/A
        
          
        
        11600.00000000
        NS
        
        184105.05000000
        0.094431142502
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Royal Dutch Shell plc
        21380068P1DRHMJ8KU70
        Royal Dutch Shell plc, Class B
        N/A
        
          
        
        86152.00000000
        NS
        
        1044769.94000000
        0.535883285583
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Coles Group Ltd.
        549300OHQRG2HN8LZ793
        Coles Group Ltd.
        N/A
        
          
        
        23965.00000000
        NS
        
        291960.19000000
        0.149752189344
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Just Eat Takeaway.com NV
        724500FVZIBSSQ7SHI95
        Just Eat Takeaway.com NV
        N/A
        
          
        
        2547.00000000
        NS
        
        285128.36000000
        0.146248007833
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Banque Cantonale Vaudoise
        K1MOBB3OPSBBQO554R76
        Banque Cantonale Vaudoise (Registered)
        N/A
        
          
        
        1868.00000000
        NS
        
        189567.05000000
        0.097232710956
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Japan Tobacco, Inc.
        353800Z0ENYBQO0XRJ31
        Japan Tobacco, Inc.
        N/A
        
          
        
        29000.00000000
        NS
        
        529069.86000000
        0.271370455853
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Toyoda Gosei Co. Ltd.
        353800ZV4HXVM4DWPO50
        Toyoda Gosei Co. Ltd.
        N/A
        
          
        
        3800.00000000
        NS
        
        87251.96000000
        0.044753265966
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Resona Holdings, Inc.
        52990067JE75XZCYYT81
        Resona Holdings, Inc.
        N/A
        
          
        
        49100.00000000
        NS
        
        167275.38000000
        0.085798869970
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        KDDI Corp.
        5299003FU7V4I45FU310
        KDDI Corp.
        N/A
        
          
        
        22000.00000000
        NS
        
        553334.22000000
        0.283816128782
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        National Australia Bank Ltd.
        F8SB4JFBSYQFRQEH3Z21
        National Australia Bank Ltd.
        N/A
        
          
        
        175269.00000000
        NS
        
        2251671.48000000
        1.154927094051
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        CRH plc
        549300MIDJNNTH068E74
        CRH plc
        N/A
        
          
        
        24567.00000000
        NS
        
        890832.18000000
        0.456925546232
        Long
        EC
        CORP
        IE
        N
        
        2
        
          N
          N
          N
        
      
      
        Hulic Co. Ltd.
        N/A
        Hulic Co. Ltd.
        N/A
        
          
        
        3700.00000000
        NS
        
        34717.64000000
        0.017807368185
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Afterpay Ltd.
        529900P6ROPAX0QTB720
        Afterpay Ltd.
        N/A
        
          
        
        1244.00000000
        NS
        
        73327.11000000
        0.037610933397
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Koninklijke DSM NV
        724500SNT1MK246AHP04
        Koninklijke DSM NV
        N/A
        
          
        
        1888.00000000
        NS
        
        310824.54000000
        0.159428089723
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Metso Outotec OYJ
        549300R0VN9C371W0E07
        Metso Outotec OYJ
        N/A
        
          
        
        67566.10000000
        NS
        
        470840.62000000
        0.241503520317
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        Schneider Electric SE
        969500A1YF1XUYYXS284
        Schneider Electric SE
        N/A
        
          
        
        13566.00000000
        NS
        
        1686239.32000000
        0.864905691181
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Trust Holdings, Inc.
        353800P843RLCDBLNT17
        Sumitomo Mitsui Trust Holdings, Inc.
        N/A
        
          
        
        300.00000000
        NS
        
        7981.14000000
        0.004093685472
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Daiwa House Industry Co. Ltd.
        N/A
        Daiwa House Industry Co. Ltd.
        N/A
        
          
        
        9200.00000000
        NS
        
        235955.30000000
        0.121026167172
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Medibank Pvt Ltd.
        BDYVSUPTML83OLINBJ17
        Medibank Pvt Ltd.
        N/A
        
          
        
        88722.00000000
        NS
        
        160089.78000000
        0.082113232789
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Isuzu Motors Ltd.
        529900C0QSXVCC7AR494
        Isuzu Motors Ltd.
        N/A
        
          
        
        3100.00000000
        NS
        
        27111.89000000
        0.013906227711
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Mitsubishi Corp.
        KVIPTY4PULAPGC1VVD26
        Mitsubishi Corp.
        N/A
        
          
        
        33700.00000000
        NS
        
        806621.85000000
        0.413732392799
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        DBS Group Holdings Ltd.
        5493007FKT78NKPM5V55
        DBS Group Holdings Ltd.
        N/A
        
          
        
        58300.00000000
        NS
        
        857088.93000000
        0.439617962060
        Long
        EC
        CORP
        SG
        N
        
        2
        
          N
          N
          N
        
      
      
        Shimadzu Corp.
        N/A
        Shimadzu Corp.
        N/A
        
          
        
        6900.00000000
        NS
        
        210010.94000000
        0.107718788823
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Porsche Automobil Holding SE
        52990053Z17ZYM1KFV27
        Porsche Automobil Holding SE (Preference)
        N/A
        
          
        
        2237.00000000
        NS
        
        133083.60000000
        0.068261225840
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Denso Corp.
        549300RYPA10CQM3QK38
        Denso Corp.
        N/A
        
          
        
        2900.00000000
        NS
        
        127112.07000000
        0.065198309312
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nippon Steel Corp.
        35380065QWQ4U2V3PA33
        Nippon Steel Corp.
        N/A
        
          
        
        1.00000000
        NS
        
        9.44000000
        0.000004841963
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Mitsubishi Electric Corp.
        549300TRXM9Y6561AX39
        Mitsubishi Electric Corp.
        N/A
        
          
        
        23400.00000000
        NS
        
        317519.46000000
        0.162862047372
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Allianz SE
        529900K9B0N5BT694847
        Allianz SE (Registered)
        N/A
        
          
        
        4223.00000000
        NS
        
        810519.66000000
        0.415731657086
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Murata Manufacturing Co. Ltd.
        529900QZG6DL8ZRI7140
        Murata Manufacturing Co. Ltd.
        N/A
        
          
        
        12600.00000000
        NS
        
        819342.35000000
        0.420256990295
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        SGS SA
        2138007JNS19JHNA2336
        SGS SA (Registered)
        N/A
        
          
        
        349.00000000
        NS
        
        935263.54000000
        0.479715274638
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        TOTO Ltd.
        N/A
        TOTO Ltd.
        N/A
        
          
        
        4600.00000000
        NS
        
        211964.78000000
        0.108720952226
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Imperial Brands plc
        549300DFVPOB67JL3A42
        Imperial Brands plc
        N/A
        
          
        
        14235.00000000
        NS
        
        251440.04000000
        0.128968598352
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Nomura Research Institute Ltd.
        5299005F1HCVF4M4QN79
        Nomura Research Institute Ltd.
        N/A
        
          
        
        17700.00000000
        NS
        
        521167.60000000
        0.267317229501
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Glencore plc
        2138002658CPO9NBH955
        Glencore plc
        N/A
        
          
        
        63415.00000000
        NS
        
        131470.43000000
        0.067433798856
        Long
        EC
        CORP
        JE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        JTEKT Corp.
        N/A
        JTEKT Corp.
        N/A
        
          
        
        8500.00000000
        NS
        
        66672.45000000
        0.034197625904
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Proximus SADP
        549300CWRXC5EP004533
        Proximus SADP
        N/A
        
          
        
        85798.00000000
        NS
        
        1565214.50000000
        0.802829653485
        Long
        EC
        CORP
        BE
        N
        
        2
        
          N
          N
          N
        
      
      
        Mapfre SA
        95980020140005693107
        Mapfre SA
        N/A
        
          
        
        364241.00000000
        NS
        
        571444.01000000
        0.293105000327
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Kose Corp.
        353800NX4GGAVDHHY664
        Kose Corp.
        N/A
        
          
        
        3100.00000000
        NS
        
        379556.68000000
        0.194682171601
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        HSBC Holdings plc
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings plc
        N/A
        
          
        
        386987.00000000
        NS
        
        1513993.23000000
        0.776557245170
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Aviva plc
        YF0Y5B0IB8SM0ZFG9G81
        Aviva plc
        N/A
        
          
        
        255576.00000000
        NS
        
        945563.90000000
        0.484998534185
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Singapore Telecommunications Ltd.
        2549003XJKIQO8YDYD89
        Singapore Telecommunications Ltd.
        N/A
        
          
        
        121600.00000000
        NS
        
        190312.79000000
        0.097615215837
        Long
        EC
        CORP
        SG
        N
        
        2
        
          N
          N
          N
        
      
      
        Reckitt Benckiser Group plc
        5493003JFSMOJG48V108
        Reckitt Benckiser Group plc
        N/A
        
          
        
        1916.00000000
        NS
        
        186820.22000000
        0.095823807207
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Nabtesco Corp.
        529900DVHQXYRTGW7739
        Nabtesco Corp.
        N/A
        
          
        
        8200.00000000
        NS
        
        297712.44000000
        0.152702632797
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nitto Denko Corp.
        3538009GX5P09USH2J25
        Nitto Denko Corp.
        N/A
        
          
        
        7100.00000000
        NS
        
        462556.25000000
        0.237254302145
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        AIA Group Ltd.
        ZP5ILWVSYE4LJGMMVD57
        AIA Group Ltd.
        N/A
        
          
        
        117600.00000000
        NS
        
        1168955.47000000
        0.599580514312
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Mitsubishi UFJ Lease & Finance Co. Ltd.
        353800MZ3QX9RLMH7B09
        Mitsubishi UFJ Lease & Finance Co. Ltd.
        N/A
        
          
        
        13800.00000000
        NS
        
        64119.74000000
        0.032888290164
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nidec Corp.
        353800IF171MZTNL6Y31
        Nidec Corp.
        N/A
        
          
        
        400.00000000
        NS
        
        37511.17000000
        0.019240225293
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nestle SA
        KY37LUS27QQX7BB93L28
        Nestle SA (Registered)
        N/A
        
          
        
        47198.00000000
        NS
        
        5617130.30000000
        2.881137871091
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        BP plc
        213800LH1BZH3DI6G760
        BP plc
        055622104
        
          
        
        49299.00000000
        NS
        USD
        860760.54000000
        0.441501203868
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        NGK Spark Plug Co. Ltd.
        549300RG3XQGTFM4HH31
        NGK Spark Plug Co. Ltd.
        N/A
        
          
        
        10200.00000000
        NS
        
        178094.95000000
        0.091348442655
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Evonik Industries AG
        41GUOJQTALQHLF39XJ34
        Evonik Industries AG
        N/A
        
          
        
        4258.00000000
        NS
        
        110149.95000000
        0.056498100541
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Barclays plc
        213800LBQA1Y9L22JB70
        Barclays plc
        N/A
        
          
        
        179257.00000000
        NS
        
        226143.41000000
        0.115993453605
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Swire Properties Ltd.
        5299001L12PHYVQ92465
        Swire Properties Ltd.
        N/A
        
          
        
        400.00000000
        NS
        
        1059.83000000
        0.000543607889
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Carl Zeiss Meditec AG
        529900GRL4MZ8NMOOK95
        Carl Zeiss Meditec AG
        N/A
        
          
        
        1439.00000000
        NS
        
        181746.52000000
        0.093221405547
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Subaru Corp.
        549300N244BVAEE6HH86
        Subaru Corp.
        N/A
        
          
        
        39100.00000000
        NS
        
        759042.63000000
        0.389328064379
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Recruit Holdings Co. Ltd.
        353800R2LRSMVVC4I806
        Recruit Holdings Co. Ltd.
        N/A
        
          
        
        22300.00000000
        NS
        
        885652.53000000
        0.454268800709
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        LVMH Moet Hennessy Louis Vuitton SE
        IOG4E947OATN0KJYSD45
        LVMH Moet Hennessy Louis Vuitton SE
        N/A
        
          
        
        5717.00000000
        NS
        
        2674988.54000000
        1.372054835069
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        BHP Group Ltd.
        WZE1WSENV6JSZFK0JC28
        BHP Group Ltd.
        N/A
        
          
        
        75241.00000000
        NS
        
        1943746.37000000
        0.996986179652
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Mediobanca Banca di Credito Finanziario SpA
        PSNL19R2RXX5U3QWHI44
        Mediobanca Banca di Credito Finanziario SpA
        N/A
        
          
        
        121717.00000000
        NS
        
        953764.62000000
        0.489204846608
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        Bayerische Motoren Werke AG
        YEH5ZCD6E441RHVHD759
        Bayerische Motoren Werke AG
        N/A
        
          
        
        13633.00000000
        NS
        
        989444.41000000
        0.507505720668
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        City Developments Ltd.
        254900BPLPJS0RJ72373
        City Developments Ltd.
        N/A
        
          
        
        2800.00000000
        NS
        
        15762.52000000
        0.008084910068
        Long
        EC
        CORP
        SG
        N
        
        2
        
          N
          N
          N
        
      
      
        Komatsu Ltd.
        5493004LQ0B4T7QPQV17
        Komatsu Ltd.
        N/A
        
          
        
        24000.00000000
        NS
        
        527113.26000000
        0.270366876791
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Royal Dutch Shell plc
        21380068P1DRHMJ8KU70
        Royal Dutch Shell plc, Class A
        N/A
        
          
        
        5740.00000000
        NS
        
        72376.64000000
        0.037123418427
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Lundin Energy AB
        549300IULC8F8IGXKI15
        Lundin Energy AB
        N/A
        
          
        
        2714.00000000
        NS
        
        53820.86000000
        0.027605789739
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        LEG Immobilien AG
        391200SO40AKONBO0Z96
        LEG Immobilien AG
        N/A
        
          
        
        3004.00000000
        NS
        
        428186.93000000
        0.219625594216
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        SES SA
        5493008JPA4HYMH1HX51
        SES SA
        N/A
        
          
        
        6342.00000000
        NS
        
        44897.47000000
        0.023028805497
        Long
        EC
        CORP
        LU
        N
        
        2
        
          N
          N
          N
        
      
      
        BNP Paribas SA
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas SA
        N/A
        
          
        
        12945.00000000
        NS
        
        468279.59000000
        0.240189917084
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        E.ON SE
        Q9MAIUP40P25UFBFG033
        E.ON SE
        N/A
        
          
        
        51998.00000000
        NS
        
        573143.64000000
        0.293976774364
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Astellas Pharma, Inc.
        529900IB708DY2HBBB35
        Astellas Pharma, Inc.
        N/A
        
          
        
        7100.00000000
        NS
        
        105836.84000000
        0.054285820622
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Tokyo Gas Co. Ltd.
        353800678EIJLOQSWZ83
        Tokyo Gas Co. Ltd.
        N/A
        
          
        
        300.00000000
        NS
        
        6846.15000000
        0.003511526523
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Mitsubishi Chemical Holdings Corp.
        353800YNKX4RQUGAR072
        Mitsubishi Chemical Holdings Corp.
        N/A
        
          
        
        49900.00000000
        NS
        
        288041.87000000
        0.147742405070
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nippon Paint Holdings Co. Ltd.
        529900RYRJUN78A7PL87
        Nippon Paint Holdings Co. Ltd.
        N/A
        
          
        
        200.00000000
        NS
        
        20589.27000000
        0.010560646160
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Vinci SA
        213800WFQ334R8UXUG83
        Vinci SA
        N/A
        
          
        
        2034.00000000
        NS
        
        169954.09000000
        0.087172833616
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Disco Corp.
        N/A
        Disco Corp.
        N/A
        
          
        
        1500.00000000
        NS
        
        366757.23000000
        0.188117079080
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Kyushu Railway Co.
        5299002CCI6HLWAN3K50
        Kyushu Railway Co.
        N/A
        
          
        
        7300.00000000
        NS
        
        156077.58000000
        0.080055295595
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Rio Tinto plc
        213800YOEO5OQ72G2R82
        Rio Tinto plc
        N/A
        
          
        
        11619.00000000
        NS
        
        699144.20000000
        0.358604968087
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Kering SA
        549300VGEJKB7SVUZR78
        Kering SA
        N/A
        
          
        
        1959.00000000
        NS
        
        1299488.47000000
        0.666533486674
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Alfresa Holdings Corp.
        N/A
        Alfresa Holdings Corp.
        N/A
        
          
        
        10500.00000000
        NS
        
        229979.46000000
        0.117961039960
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Bayer AG
        549300J4U55H3WP1XT59
        Bayer AG (Registered)
        N/A
        
          
        
        24038.00000000
        NS
        
        1482994.02000000
        0.760657133701
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Canon, Inc.
        529900JH1GSC035SSP77
        Canon, Inc.
        N/A
        
          
        
        34600.00000000
        NS
        
        573894.92000000
        0.294362120821
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        FANUC Corp.
        529900QTSW745LOKW705
        FANUC Corp.
        N/A
        
          
        
        3400.00000000
        NS
        
        652512.95000000
        0.334686872338
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sysmex Corp.
        5299001ZO4CKWACMZI55
        Sysmex Corp.
        N/A
        
          
        
        4200.00000000
        NS
        
        401864.34000000
        0.206124214176
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Airbus SE
        MINO79WLOO247M1IL051
        Airbus SE
        N/A
        
          
        
        8681.00000000
        NS
        
        629595.00000000
        0.322931799881
        Long
        EC
        CORP
        NL
        
        N
        
        2
        
          N
          N
          N
        
      
      
        adidas AG
        549300JSX0Z4CW0V5023
        adidas AG
        N/A
        
          
        
        1494.00000000
        NS
        
        482475.70000000
        0.247471384303
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Compass Group plc
        2138008M6MH9OZ6U2T68
        Compass Group plc
        N/A
        
          
        
        10439.00000000
        NS
        
        156812.29000000
        0.080432142970
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        National Grid plc
        8R95QZMKZLJX5Q2XR704
        National Grid plc
        N/A
        
          
        
        40758.00000000
        NS
        
        468152.87000000
        0.240124919875
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Puma SE
        529900GRZ2BQY5ZM9N49
        Puma SE
        N/A
        
          
        
        2764.00000000
        NS
        
        248470.23000000
        0.127445323725
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        ITOCHU Corp.
        J48DJYXDTLHM30UMYI18
        ITOCHU Corp.
        N/A
        
          
        
        55800.00000000
        NS
        
        1428805.97000000
        0.732863004906
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Red Electrica Corp. SA
        5493009HMD0C90GUV498
        Red Electrica Corp. SA
        N/A
        
          
        
        45811.00000000
        NS
        
        859201.82000000
        0.440701705373
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Amadeus IT Group SA
        9598004A3FTY3TEHHN09
        Amadeus IT Group SA
        N/A
        
          
        
        169.00000000
        NS
        
        9385.59000000
        0.004814055816
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Fresenius SE & Co. KGaA
        XDFJ0CYCOO1FXRFTQS51
        Fresenius SE & Co. KGaA
        N/A
        
          
        
        3801.00000000
        NS
        
        172847.93000000
        0.088657141719
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Nikon Corp.
        549300X7LIS9RFELXJ98
        Nikon Corp.
        654111103
        
          
        
        5600.00000000
        NS
        
        37786.94000000
        0.019381673212
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Marui Group Co. Ltd.
        52990081ZYFHQZEEMU57
        Marui Group Co. Ltd.
        N/A
        
          
        
        5200.00000000
        NS
        
        99784.25000000
        0.051181326809
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Ryohin Keikaku Co. Ltd.
        549300PMNF56J66BY371
        Ryohin Keikaku Co. Ltd.
        N/A
        
          
        
        1000.00000000
        NS
        
        16616.42000000
        0.008522892364
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Hong Kong Exchanges & Clearing Ltd.
        213800YTVSXYQN17BW16
        Hong Kong Exchanges & Clearing Ltd.
        N/A
        
          
        
        22396.00000000
        NS
        
        1054257.87000000
        0.540749833621
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Hitachi Metals Ltd.
        N/A
        Hitachi Metals Ltd.
        N/A
        
          
        
        6700.00000000
        NS
        
        103314.61000000
        0.052992118681
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Dassault Systemes SE
        96950065LBWY0APQIM86
        Dassault Systemes SE
        N/A
        
          
        
        1122.00000000
        NS
        
        209345.16000000
        0.107377297016
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        USS Co. Ltd.
        5299000RRQD6UZXG4W72
        USS Co. Ltd.
        N/A
        
          
        
        57500.00000000
        NS
        
        1028869.58000000
        0.527727674637
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Odakyu Electric Railway Co. Ltd.
        N/A
        Odakyu Electric Railway Co. Ltd.
        N/A
        
          
        
        300.00000000
        NS
        
        7541.35000000
        0.003868108433
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Japan Post Insurance Co. Ltd.
        54930042SK2Z708BA841
        Japan Post Insurance Co. Ltd.
        N/A
        
          
        
        16700.00000000
        NS
        
        262946.39000000
        0.134870434160
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        MTR Corp. Ltd.
        254900IH4U9NHH9AQM97
        MTR Corp. Ltd.
        N/A
        
          
        
        43533.00000000
        NS
        
        216050.27000000
        0.110816481319
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Stora Enso OYJ
        7437000ZP669LKUTZ738
        Stora Enso OYJ, Class R
        N/A
        
          
        
        3.00000000
        NS
        
        46.96000000
        0.000024086718
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        AGC, Inc.
        JE4WFFEELMVPFZ0G1E77
        AGC, Inc.
        N/A
        
          
        
        11300.00000000
        NS
        
        332100.74000000
        0.170341075946
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Persimmon plc
        213800XI72Y57UWN6F31
        Persimmon plc
        N/A
        
          
        
        30474.00000000
        NS
        
        971158.08000000
        0.498126298246
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Siemens Healthineers AG
        529900QBVWXMWANH7H45
        Siemens Healthineers AG
        N/A
        
          
        
        3648.00000000
        NS
        
        163753.09000000
        0.083992217361
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Otsuka Corp.
        529900RG9DJ58J3UIE72
        Otsuka Corp.
        N/A
        
          
        
        5400.00000000
        NS
        
        275947.34000000
        0.141538880040
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sampo OYJ
        743700UF3RL386WIDA22
        Sampo OYJ, Class A
        N/A
        
          
        
        26278.00000000
        NS
        
        1040684.37000000
        0.533787715456
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        TOPIX Index
        N/A
        
          
          
        
        2.00000000
        NC
        
        4798.41000000
        0.002461199942
        N/A
        DE
        
        JP
        N
        
        1
        
          
            
              Japan Securities Clearing
              549300JHM7D8P3TS4S86
            
            Long
            
              
                TOPIX Index
                JP9010100007
              
            
            2020-12-10
            32510000.00000000
            JPY
            4798.41000000
          
        
        
          N
          N
          N
        
      
      
        Telefonica Deutschland Holding AG
        391200ECRPJ3SWQJUM30
        Telefonica Deutschland Holding AG
        N/A
        
          
        
        223703.00000000
        NS
        
        571728.66000000
        0.293251002974
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Kirin Holdings Co. Ltd.
        353800GBVL72LLMTYM96
        Kirin Holdings Co. Ltd.
        497350108
        
          
        
        38100.00000000
        NS
        
        715617.29000000
        0.367054343643
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        GlaxoSmithKline plc
        5493000HZTVUYLO1D793
        GlaxoSmithKline plc
        37733W105
        
          
        
        66686.00000000
        NS
        USD
        2510061.04000000
        1.287460239456
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Makita Corp.
        529900CDR9E94BCM6294
        Makita Corp.
        N/A
        
          
        
        2100.00000000
        NS
        
        100504.53000000
        0.051550772749
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        STMicroelectronics NV
        213800Z8NOHIKRI42W10
        STMicroelectronics NV
        N/A
        
          
        
        31901.00000000
        NS
        
        978404.20000000
        0.501842977339
        Long
        EC
        CORP
        NL
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Fortescue Metals Group Ltd.
        529900VEJFORCO6I4826
        Fortescue Metals Group Ltd.
        N/A
        
          
        
        19189.00000000
        NS
        
        225432.95000000
        0.115629044538
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Vonovia SE
        5299005A2ZEP6AP7KM81
        Vonovia SE
        N/A
        
          
        
        20371.00000000
        NS
        
        1396493.01000000
        0.716289044928
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Valeo SA
        5493006IH2N2WMIBB742
        Valeo SA
        N/A
        
          
        
        2233.00000000
        NS
        
        68571.43000000
        0.035171650521
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Koninklijke Ahold Delhaize NV
        724500C9GNBV20UYRX36
        Koninklijke Ahold Delhaize NV
        N/A
        
          
        
        1708.00000000
        NS
        
        50484.95000000
        0.025894735139
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Coloplast A/S
        529900NN7SOJ5QG82X67
        Coloplast A/S, Class B
        N/A
        
          
        
        6157.00000000
        NS
        
        975817.24000000
        0.500516074093
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        Fisher & Paykel Healthcare Corp. Ltd.
        N/A
        Fisher & Paykel Healthcare Corp. Ltd.
        N/A
        
          
        
        15114.00000000
        NS
        
        333574.14000000
        0.171096812116
        Long
        EC
        CORP
        NZ
        N
        
        2
        
          N
          N
          N
        
      
      
        Aurizon Holdings Ltd.
        5299005PC1O6NOWL3H48
        Aurizon Holdings Ltd.
        N/A
        
          
        
        433276.00000000
        NS
        
        1332918.09000000
        0.683680203779
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Honda Motor Co. Ltd.
        549300P7ZYCQJ36CCS16
        Honda Motor Co. Ltd.
        N/A
        
          
        
        1200.00000000
        NS
        
        28496.74000000
        0.014616544824
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        NEC Corp.
        5493000QYMPFRTEY4K28
        NEC Corp.
        N/A
        
          
        
        1300.00000000
        NS
        
        76041.92000000
        0.039003413451
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        St James's Place plc
        213800M993ICXOMBCP87
        St James's Place plc
        N/A
        
          
        
        9344.00000000
        NS
        
        112412.04000000
        0.057658371501
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        FTSE 100 Index
        N/A
        
          
          
        
        3.00000000
        NC
        
        -6815.06000000
        -0.00349557984
        N/A
        DE
        
        GB
        
        N
        
        1
        
          
            
              ICE Clear Europe
              5R6J7JCQRIPQR1EEP713
            
            Long
            
              
                FTSE 100 Index
                GB0001383545
              
            
            2020-12-18
            175245.00000000
            GBP
            -6815.06000000
          
        
        
          N
          N
          N
        
      
      
        Panasonic Corp.
        254900GE1G59KGWPHX32
        Panasonic Corp.
        N/A
        
          
        
        55400.00000000
        NS
        
        471901.49000000
        0.242047661643
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nomura Real Estate Holdings, Inc.
        N/A
        Nomura Real Estate Holdings, Inc.
        N/A
        
          
        
        3700.00000000
        NS
        
        70415.41000000
        0.036117464545
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Link REIT
        529900XUE70U36QX5M62
        Link REIT
        N/A
        
          
        
        212657.00000000
        NS
        
        1742593.62000000
        0.893810932693
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        ABB Ltd.
        5493000LKVGOO9PELI61
        ABB Ltd. (Registered)
        N/A
        
          
        
        17232.00000000
        NS
        
        438103.87000000
        0.224712190017
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Telefonaktiebolaget LM Ericsson
        549300W9JLPW15XIFM52
        Telefonaktiebolaget LM Ericsson, Class B
        N/A
        
          
        
        1.00000000
        NS
        
        10.94000000
        0.000005611343
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Royal Dutch Shell plc
        21380068P1DRHMJ8KU70
        Royal Dutch Shell plc, Class A
        N/A
        
          
        
        36240.00000000
        NS
        
        452396.19000000
        0.232043005259
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Snam SpA
        8156002278562044AF79
        Snam SpA
        N/A
        
          
        
        110623.00000000
        NS
        
        568909.06000000
        0.291804774045
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        Electrolux AB
        549300Y3HHZB1ZGFPJ93
        Electrolux AB, Series B
        N/A
        
          
        
        8614.00000000
        NS
        
        200799.86000000
        0.102994242657
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Bridgestone Corp.
        549300DHPOF90OYYD780
        Bridgestone Corp.
        N/A
        
          
        
        53100.00000000
        NS
        
        1678446.19000000
        0.860908439777
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Mitsubishi Materials Corp.
        35380076QOBOSOUBRT89
        Mitsubishi Materials Corp.
        N/A
        
          
        
        100.00000000
        NS
        
        1970.67000000
        0.001010795845
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Shiseido Co. Ltd.
        5299008QCD0YDT5OF506
        Shiseido Co. Ltd.
        N/A
        
          
        
        4300.00000000
        NS
        
        248926.90000000
        0.127679558852
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sartorius AG
        529900EQV2DY4FOAMU38
        Sartorius AG (Preference)
        N/A
        
          
        
        689.00000000
        NS
        
        282403.54000000
        0.144850393451
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Koninklijke KPN NV
        549300YO0JZHAL7FVP81
        Koninklijke KPN NV
        N/A
        
          
        
        46739.00000000
        NS
        
        109664.58000000
        0.056249144613
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Singapore Technologies Engineering Ltd.
        254900OEXGGWCR24DG90
        Singapore Technologies Engineering Ltd.
        N/A
        
          
        
        211200.00000000
        NS
        
        538205.46000000
        0.276056286825
        Long
        EC
        CORP
        SG
        N
        
        2
        
          N
          N
          N
        
      
      
        Hirose Electric Co. Ltd.
        N/A
        Hirose Electric Co. Ltd.
        N/A
        
          
        
        1916.00000000
        NS
        
        247557.52000000
        0.126977176610
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Chugoku Electric Power Co., Inc. (The)
        353800MV866ELME96Q46
        Chugoku Electric Power Co., Inc. (The)
        N/A
        
          
        
        31100.00000000
        NS
        
        388837.72000000
        0.199442601643
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        JSR Corp.
        353800TL8FC0AWR22506
        JSR Corp.
        N/A
        
          
        
        6400.00000000
        NS
        
        152116.16000000
        0.078023404474
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Kao Corp.
        353800HM38HFCB8RGL63
        Kao Corp.
        N/A
        
          
        
        7100.00000000
        NS
        
        533002.43000000
        0.273387549236
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Coca-Cola HBC AG
        549300EFP3TNG7JGVE49
        Coca-Cola HBC AG
        N/A
        
          
        
        40278.00000000
        NS
        
        994578.14000000
        0.510138912909
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        APA Group
        549300T9RBSX164T8H40
        APA Group
        N/A
        
          
        
        51152.00000000
        NS
        
        380247.75000000
        0.195036635152
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Sino Land Co. Ltd.
        529900G5P51053HJVZ92
        Sino Land Co. Ltd.
        N/A
        
          
        
        22902.00000000
        NS
        
        26811.52000000
        0.013752161963
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Publicis Groupe SA
        2138004KW8BV57III342
        Publicis Groupe SA
        N/A
        
          
        
        4227.00000000
        NS
        
        136236.08000000
        0.069878195543
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Zurich Insurance Group AG
        529900QVNRBND50TXP03
        Zurich Insurance Group AG
        N/A
        
          
        
        7814.00000000
        NS
        
        2724861.33000000
        1.397635581168
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Gjensidige Forsikring ASA
        5967007LIEEXZX6FAO47
        Gjensidige Forsikring ASA
        N/A
        
          
        
        58.00000000
        NS
        
        1177.09000000
        0.000603752876
        Long
        EC
        CORP
        NO
        N
        
        2
        
          N
          N
          N
        
      
      
        Yara International ASA
        213800WKOUWXWFJ5Z514
        Yara International ASA
        N/A
        
          
        
        10206.00000000
        NS
        
        392724.49000000
        0.201436203294
        Long
        EC
        CORP
        NO
        N
        
        2
        
          N
          N
          N
        
      
      
        Daiwa Securities Group, Inc.
        353800WRC7Y23PWFJG38
        Daiwa Securities Group, Inc.
        N/A
        
          
        
        132700.00000000
        NS
        
        558125.00000000
        0.286273415146
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Daito Trust Construction Co. Ltd.
        353800QQ4DRI3KXS3038
        Daito Trust Construction Co. Ltd.
        N/A
        
          
        
        8200.00000000
        NS
        
        726887.50000000
        0.372835058548
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        EQT AB
        213800U7P9GOIRKCTB34
        EQT AB
        N/A
        
          
        
        3158.00000000
        NS
        
        61279.61000000
        0.031431530989
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Casio Computer Co. Ltd.
        353800JRMIABSXKHV344
        Casio Computer Co. Ltd.
        N/A
        
          
        
        7900.00000000
        NS
        
        127919.08000000
        0.065612240795
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
        529900MUF4C20K50JS49
        Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)
        N/A
        
          
        
        2.00000000
        NS
        
        508.43000000
        0.000260783861
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Hoya Corp.
        353800X4VR3BHEUCJB42
        Hoya Corp.
        N/A
        
          
        
        3500.00000000
        NS
        
        395207.16000000
        0.202709614124
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sonic Healthcare Ltd.
        549300NQQ5L2NONWR862
        Sonic Healthcare Ltd.
        N/A
        
          
        
        13841.00000000
        NS
        
        328684.93000000
        0.168589039047
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Wm Morrison Supermarkets plc
        213800IN6LSRGTZSOS29
        Wm Morrison Supermarkets plc
        N/A
        
          
        
        7360.00000000
        NS
        
        16154.73000000
        0.008286082379
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Bandai Namco Holdings, Inc.
        N/A
        Bandai Namco Holdings, Inc.
        N/A
        
          
        
        2300.00000000
        NS
        
        168521.17000000
        0.086437860444
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        ABC-Mart, Inc.
        353800AXWW4CMTSJWL33
        ABC-Mart, Inc.
        N/A
        
          
        
        2400.00000000
        NS
        
        124958.98000000
        0.064093946620
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Siemens AG
        W38RGI023J3WT1HWRP32
        Siemens AG (Registered)
        N/A
        
          
        
        15036.00000000
        NS
        
        1898883.05000000
        0.973974890368
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Hitachi Ltd.
        549300T6IPOCDWLKC615
        Hitachi Ltd.
        N/A
        
          
        
        1400.00000000
        NS
        
        47403.24000000
        0.024314064777
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        EDP - Energias de Portugal SA
        529900CLC3WDMGI9VH80
        EDP - Energias de Portugal SA
        N/A
        
          
        
        80161.00000000
        NS
        
        394146.35000000
        0.202165503573
        Long
        EC
        CORP
        PT
        N
        
        2
        
          N
          N
          N
        
      
      
        WPP plc
        549300LSGBXPYHXGDT93
        WPP plc
        N/A
        
          
        
        2770.00000000
        NS
        
        21755.46000000
        0.011158808210
        Long
        EC
        CORP
        JE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        UBS Group AG
        549300SZJ9VS8SGXAN81
        UBS Group AG (Registered)
        N/A
        
          
        
        42706.00000000
        NS
        
        477150.08000000
        0.244739767863
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Sumitomo Metal Mining Co. Ltd.
        353800CF81IXL9974H84
        Sumitomo Metal Mining Co. Ltd.
        N/A
        
          
        
        4200.00000000
        NS
        
        130260.02000000
        0.066812955489
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Bouygues SA
        969500MOCLNQFNZN0D63
        Bouygues SA
        N/A
        
          
        
        12106.00000000
        NS
        
        418339.10000000
        0.214574446309
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Japan Exchange Group, Inc.
        353800578ADEGIJTVW07
        Japan Exchange Group, Inc.
        N/A
        
          
        
        14200.00000000
        NS
        
        398001.62000000
        0.204142948248
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        ACS Actividades de Construccion y Servicios SA
        95980020140005558665
        ACS Actividades de Construccion y Servicios SA
        N/A
        
          
        
        5596.00000000
        NS
        
        126495.76000000
        0.064882191653
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Asahi Kasei Corp.
        353800GPI4Z3MGDGN142
        Asahi Kasei Corp.
        N/A
        
          
        
        27000.00000000
        NS
        
        235538.08000000
        0.120812166734
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Omron Corp.
        549300ZHW0TR2QZ0NY83
        Omron Corp.
        N/A
        
          
        
        2300.00000000
        NS
        
        179828.07000000
        0.092237394379
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Trend Micro, Inc.
        3538005O5UJ5RNAGVE16
        Trend Micro, Inc.
        N/A
        
          
        
        2800.00000000
        NS
        
        170628.36000000
        0.087518680112
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Evraz plc
        5493005B7DAN39RXLK23
        Evraz plc
        N/A
        
          
        
        104182.00000000
        NS
        
        463910.93000000
        0.237949144465
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        ICL Group Ltd.
        529900FQVQD88SHIGM04
        ICL Group Ltd.
        N/A
        
          
        
        13689.00000000
        NS
        
        48370.93000000
        0.024810412228
        Long
        EC
        CORP
        IL
        N
        
        2
        
          N
          N
          N
        
      
      
        Sony Corp.
        529900R5WX9N2OI2N910
        Sony Corp.
        N/A
        
          
        
        7500.00000000
        NS
        
        574815.26000000
        0.294834181515
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Air Liquide SA
        969500MMPQVHK671GT54
        Air Liquide SA
        N/A
        
          
        
        7477.00000000
        NS
        
        1185177.27000000
        0.607900998229
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Infineon Technologies AG
        TSI2PJM6EPETEQ4X1U25
        Infineon Technologies AG
        N/A
        
          
        
        8731.00000000
        NS
        
        246090.19000000
        0.126224553863
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Peugeot SA
        969500TZ5950IT5FPQ42
        Peugeot SA
        N/A
        
          
        
        26637.00000000
        NS
        
        483047.64000000
        0.247764743706
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        HOCHTIEF AG
        529900Y25S8NZIYTT924
        HOCHTIEF AG
        N/A
        
          
        
        17208.00000000
        NS
        
        1335849.23000000
        0.685183643794
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Naturgy Energy Group SA
        TL2N6M87CW970S5SV098
        Naturgy Energy Group SA
        N/A
        
          
        
        8298.00000000
        NS
        
        166413.71000000
        0.085356902286
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Takeda Pharmaceutical Co. Ltd.
        549300ZLMVP4X0OGR454
        Takeda Pharmaceutical Co. Ltd.
        N/A
        
          
        
        38200.00000000
        NS
        
        1365380.17000000
        0.700330650372
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        EMS-Chemie Holding AG
        529900G1XFTGSE0DIX60
        EMS-Chemie Holding AG (Registered)
        N/A
        
          
        
        358.00000000
        NS
        
        321650.62000000
        0.164981001516
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Akzo Nobel NV
        724500XYIJUGXAA5QD70
        Akzo Nobel NV
        N/A
        
          
        
        1.00000000
        NS
        
        101.07000000
        0.000051840813
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Anglo American plc
        549300S9XF92D1X8ME43
        Anglo American plc
        N/A
        
          
        
        2.00000000
        NS
        
        48.39000000
        0.000024820193
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Galp Energia SGPS SA
        2138003319Y7NM75FG53
        Galp Energia SGPS SA
        N/A
        
          
        
        14664.00000000
        NS
        
        136015.78000000
        0.069765199291
        Long
        EC
        CORP
        PT
        N
        
        2
        
          N
          N
          N
        
      
      
        Tryg A/S
        213800ZRS8AC4LSTCE39
        Tryg A/S
        N/A
        
          
        
        12480.00000000
        NS
        
        392901.36000000
        0.201526923436
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        Pola Orbis Holdings, Inc.
        353800E8OIV0XYBABS79
        Pola Orbis Holdings, Inc.
        N/A
        
          
        
        22900.00000000
        NS
        
        431786.80000000
        0.221472039150
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Yamato Holdings Co. Ltd.
        N/A
        Yamato Holdings Co. Ltd.
        N/A
        
          
        
        200.00000000
        NS
        
        5268.49000000
        0.002702313325
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Keppel Corp. Ltd.
        254900SQ7IPDOY6IDW33
        Keppel Corp. Ltd.
        N/A
        
          
        
        45600.00000000
        NS
        
        149371.38000000
        0.076615552210
        Long
        EC
        CORP
        SG
        N
        
        2
        
          N
          N
          N
        
      
      
        Mizuho Financial Group, Inc.
        353800CI5L6DDAN5XZ33
        Mizuho Financial Group, Inc.
        N/A
        
          
        
        27730.00000000
        NS
        
        346116.83000000
        0.177530207325
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        voestalpine AG
        529900ZAXBMQDIWPNB72
        voestalpine AG
        N/A
        
          
        
        2796.00000000
        NS
        
        73691.02000000
        0.037797590075
        Long
        EC
        CORP
        AT
        N
        
        2
        
          N
          N
          N
        
      
      
        Straumann Holding AG
        50670046ML5FVIM60Z37
        Straumann Holding AG (Registered)
        N/A
        
          
        
        103.00000000
        NS
        
        104194.95000000
        0.053443662580
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Tokyu Fudosan Holdings Corp.
        N/A
        Tokyu Fudosan Holdings Corp.
        N/A
        
          
        
        41800.00000000
        NS
        
        180563.86000000
        0.092614795707
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Covestro AG
        3912005AWHKLQ1CPLV11
        Covestro AG
        N/A
        
          
        
        10619.00000000
        NS
        
        526596.79000000
        0.270101969054
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        SAP SE
        529900D6BF99LW9R2E68
        SAP SE
        N/A
        
          
        
        19261.00000000
        NS
        
        2999288.31000000
        1.538394638319
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        SSE plc
        549300KI75VYLLMSK856
        SSE plc
        N/A
        
          
        
        42819.00000000
        NS
        
        666442.45000000
        0.341831589984
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Mitsui & Co. Ltd.
        2NRSB4GOU9DD6CNW5R48
        Mitsui & Co. Ltd.
        N/A
        
          
        
        4800.00000000
        NS
        
        82477.53000000
        0.042304365842
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Daikin Industries Ltd.
        549300Y7FWSTSHMW5Y57
        Daikin Industries Ltd.
        N/A
        
          
        
        2000.00000000
        NS
        
        369548.67000000
        0.189548864185
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Unilever NV
        549300TK7G7NZTVM1Z30
        Unilever NV
        N/A
        
          
        
        57540.00000000
        NS
        
        3494253.24000000
        1.792271997135
        Long
        EC
        CORP
        NL
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Ferrari NV
        549300RIVY5EX8RCON76
        Ferrari NV
        N/A
        
          
        
        2335.00000000
        NS
        
        428516.77000000
        0.219794775714
        Long
        EC
        CORP
        NL
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Geberit AG
        52990093Z5OHD6T7BS47
        Geberit AG (Registered)
        N/A
        
          
        
        313.00000000
        NS
        
        185178.47000000
        0.094981720973
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Ageas SA/NV
        5493005DJBML6LY3RV36
        Ageas SA/NV
        N/A
        
          
        
        35194.00000000
        NS
        
        1440107.38000000
        0.738659722911
        Long
        EC
        CORP
        BE
        N
        
        2
        
          N
          N
          N
        
      
      
        Wynn Macau Ltd.
        254900NMDQ8ENTHU1I31
        Wynn Macau Ltd.
        N/A
        
          
        
        108800.00000000
        NS
        
        174602.77000000
        0.089557234063
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Novo Nordisk A/S
        549300DAQ1CVT6CXN342
        Novo Nordisk A/S, Class B
        N/A
        
          
        
        27650.00000000
        NS
        
        1915718.82000000
        0.982610291711
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        Mitsubishi UFJ Financial Group, Inc.
        353800V2V8PUY9TK3E06
        Mitsubishi UFJ Financial Group, Inc.
        N/A
        
          
        
        153900.00000000
        NS
        
        614196.21000000
        0.315033454166
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Spark New Zealand Ltd.
        529900HUN51H3Y7QBB66
        Spark New Zealand Ltd.
        N/A
        
          
        
        256995.00000000
        NS
        
        801902.30000000
        0.411311641719
        Long
        EC
        CORP
        NZ
        N
        
        2
        
          N
          N
          N
        
      
      
        Telenor ASA
        549300IM1QSBY4SLPM26
        Telenor ASA
        N/A
        
          
        
        17663.00000000
        NS
        
        296540.07000000
        0.152101300903
        Long
        EC
        CORP
        NO
        N
        
        2
        
          N
          N
          N
        
      
      
        Hennes & Mauritz AB
        529900O5RR7R39FRDM42
        Hennes & Mauritz AB, Class B
        N/A
        
          
        
        6276.00000000
        NS
        
        108122.66000000
        0.055458263172
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        NTT DOCOMO, Inc.
        353800TVPXCGWDZIIU09
        NTT DOCOMO, Inc.
        N/A
        
          
        
        6400.00000000
        NS
        
        235175.18000000
        0.120626028105
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Endesa SA
        549300LHK07F2CHV4X31
        Endesa SA
        N/A
        
          
        
        101367.00000000
        NS
        
        2711364.77000000
        1.390712927060
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        RELX plc
        549300WSX3VBUFFJOO66
        RELX plc
        N/A
        
          
        
        17073.00000000
        NS
        
        380012.10000000
        0.194915765579
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        M3, Inc.
        N/A
        M3, Inc.
        N/A
        
          
        
        7700.00000000
        NS
        
        476293.24000000
        0.244300277582
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sumitomo Chemical Co. Ltd.
        353800RSAU9BD8U4DM91
        Sumitomo Chemical Co. Ltd.
        N/A
        
          
        
        22900.00000000
        NS
        
        75798.52000000
        0.038878568749
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        DNB ASA
        5967007LIEEXZX78M803
        DNB ASA
        N/A
        
          
        
        14865.00000000
        NS
        
        207078.67000000
        0.106214769209
        Long
        EC
        CORP
        NO
        N
        
        2
        
          N
          N
          N
        
      
      
        Tokio Marine Holdings, Inc.
        5299009QN2NZ191KLS29
        Tokio Marine Holdings, Inc.
        N/A
        
          
        
        10900.00000000
        NS
        
        476924.85000000
        0.244624242916
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        MSCI Singapore Index
        N/A
        
          
          
        
        1.00000000
        NC
        
        -83.00000000
        -0.00004257235
        N/A
        DE
        
        SG
        N
        
        1
        
          
            
              Singapore Exchange Derivatives Clearing
              549300ZLWT3FK3F0FW61
            
            Long
            
              
                MSCI Singapore Index
                SIMSCI Index
              
            
            2020-10-29
            28270.00000000
            SGD
            -83.00000000
          
        
        
          N
          N
          N
        
      
      
        Telefonica SA
        549300EEJH4FEPDBBR25
        Telefonica SA
        879382109
        
          
        
        57354.00000000
        NS
        
        196470.18000000
        0.100773463656
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Safran SA
        969500UIC89GT3UL7L24
        Safran SA
        N/A
        
          
        
        3760.00000000
        NS
        
        369935.62000000
        0.189747338538
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        CSL Ltd.
        529900ECSECK5ZDQTE14
        CSL Ltd.
        N/A
        
          
        
        1390.00000000
        NS
        
        287127.88000000
        0.147273601417
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Seven Bank Ltd.
        N/A
        Seven Bank Ltd.
        N/A
        
          
        
        67800.00000000
        NS
        
        164316.78000000
        0.084281345176
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Seiko Epson Corp.
        549300NIOFQDR749W206
        Seiko Epson Corp.
        N/A
        
          
        
        17100.00000000
        NS
        
        196654.23000000
        0.100867866562
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Pernod Ricard SA
        52990097YFPX9J0H5D87
        Pernod Ricard SA
        N/A
        
          
        
        2445.00000000
        NS
        
        389820.94000000
        0.199946914740
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Enagas SA
        213800OU3FQKGM4M2U23
        Enagas SA
        N/A
        
          
        
        26583.00000000
        NS
        
        613353.21000000
        0.314601062696
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Worldline SA
        549300CJMQNCA0U4TS33
        Worldline SA
        N/A
        
          
        
        2168.00000000
        NS
        
        177522.90000000
        0.091055026830
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Danske Bank A/S
        MAES062Z21O4RZ2U7M96
        Danske Bank A/S
        N/A
        
          
        
        1.00000000
        NS
        
        13.53000000
        0.000006939806
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        Roche Holding AG
        549300U41AUUVOAAOB37
        Roche Holding AG
        N/A
        
          
        
        9484.00000000
        NS
        
        3248654.64000000
        1.666299589561
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        British American Tobacco plc
        213800FKA5MF17RJKT63
        British American Tobacco plc
        N/A
        
          
        
        39051.00000000
        NS
        
        1400810.85000000
        0.718503750958
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Daiichi Sankyo Co. Ltd.
        353800XGIU2IHQGC9504
        Daiichi Sankyo Co. Ltd.
        N/A
        
          
        
        29400.00000000
        NS
        
        902514.27000000
        0.462917522582
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Unilever plc
        549300MKFYEKVRWML317
        Unilever plc
        904767704
        
          
        
        23892.00000000
        NS
        USD
        1473658.56000000
        0.755868790559
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Vodafone Group plc
        213800TB53ELEUKM7Q61
        Vodafone Group plc
        92857W308
        
          
        
        91846.00000000
        NS
        USD
        1232573.32000000
        0.632211375112
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Olympus Corp.
        5299000Y52IFDI1I2A21
        Olympus Corp.
        N/A
        
          
        
        7400.00000000
        NS
        
        153888.50000000
        0.078932472916
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        ASM Pacific Technology Ltd.
        529900PYFA1HFYKPT360
        ASM Pacific Technology Ltd.
        N/A
        
          
        
        16700.00000000
        NS
        
        170960.44000000
        0.087689010550
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Tohoku Electric Power Co., Inc.
        353800KTF7EYIIYHY088
        Tohoku Electric Power Co., Inc.
        N/A
        
          
        
        42600.00000000
        NS
        
        426941.48000000
        0.218986778136
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Kansai Electric Power Co., Inc. (The)
        353800PFUKP5ONPJNZ86
        Kansai Electric Power Co., Inc. (The)
        N/A
        
          
        
        33100.00000000
        NS
        
        320801.61000000
        0.164545527398
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Atlas Copco AB
        213800T8PC8Q4FYJZR07
        Atlas Copco AB, Class B
        N/A
        
          
        
        11277.00000000
        NS
        
        470633.60000000
        0.241397335641
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        ZOZO, Inc.
        549300GC7XPQMZA0OW13
        ZOZO, Inc.
        N/A
        
          
        
        3900.00000000
        NS
        
        108828.03000000
        0.055820061476
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Shin-Etsu Chemical Co. Ltd.
        353800PX8Q64N86H5W41
        Shin-Etsu Chemical Co. Ltd.
        N/A
        
          
        
        4400.00000000
        NS
        
        575759.06000000
        0.295318275310
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Toyota Motor Corp.
        5493006W3QUS5LMH6R84
        Toyota Motor Corp.
        N/A
        
          
        
        43820.00000000
        NS
        
        2908334.15000000
        1.491742440326
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        BASF SE
        529900PM64WH8AF1E917
        BASF SE
        N/A
        
          
        
        4220.00000000
        NS
        
        256981.44000000
        0.131810892645
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Tokyo Electron Ltd.
        549300H5LSF8DP3RIJ34
        Tokyo Electron Ltd.
        N/A
        
          
        
        4800.00000000
        NS
        
        1254022.64000000
        0.643213158026
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Erste Group Bank AG
        PQOH26KWDF7CG10L6792
        Erste Group Bank AG
        N/A
        
          
        
        3643.00000000
        NS
        
        76285.91000000
        0.039128560776
        Long
        EC
        CORP
        AT
        N
        
        2
        
          N
          N
          N
        
      
      
        Kakaku.com, Inc.
        353800KA15Y0DCPWYY65
        Kakaku.com, Inc.
        N/A
        
          
        
        9300.00000000
        NS
        
        245184.32000000
        0.125759915120
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Bank Leumi Le-Israel BM
        7JDSZWRGUQY2DSTWCR57
        Bank Leumi Le-Israel BM
        N/A
        
          
        
        107511.00000000
        NS
        
        473302.86000000
        0.242766452193
        Long
        EC
        CORP
        IL
        N
        
        2
        
          N
          N
          N
        
      
      
        Anheuser-Busch InBev SA/NV
        5493008H3828EMEXB082
        Anheuser-Busch InBev SA/NV
        N/A
        
          
        
        13237.00000000
        NS
        
        712686.06000000
        0.365550857466
        Long
        EC
        CORP
        BE
        N
        
        2
        
          N
          N
          N
        
      
      
        Kajima Corp.
        N/A
        Kajima Corp.
        N/A
        
          
        
        12400.00000000
        NS
        
        149397.92000000
        0.076629165104
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Segro plc
        213800XC35KGM9NFC641
        Segro plc
        N/A
        
          
        
        22052.00000000
        NS
        
        265011.12000000
        0.135929475250
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Wix.com Ltd.
        5493008P6N29Q1AG9464
        Wix.com Ltd.
        N/A
        
          
        
        715.00000000
        NS
        USD
        182217.75000000
        0.093463108788
        Long
        EC
        CORP
        IL
        N
        
        1
        
          N
          N
          N
        
      
      
        Kone OYJ
        2138001CNF45JP5XZK38
        Kone OYJ, Class B
        N/A
        
          
        
        7102.00000000
        NS
        
        623580.53000000
        0.319846858574
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        Advantest Corp.
        353800EMK32PDKS9XR54
        Advantest Corp.
        N/A
        
          
        
        2400.00000000
        NS
        
        116737.45000000
        0.059876960335
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Partners Group Holding AG
        549300I3IVVWZWDHI788
        Partners Group Holding AG
        N/A
        
          
        
        1163.00000000
        NS
        
        1069732.11000000
        0.548686879142
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Park24 Co. Ltd.
        549300LFG2WZWCWM4M68
        Park24 Co. Ltd.
        N/A
        
          
        
        16100.00000000
        NS
        
        261393.94000000
        0.134074151672
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Atlas Copco AB
        213800T8PC8Q4FYJZR07
        Atlas Copco AB, Class A
        N/A
        
          
        
        4320.00000000
        NS
        
        205972.40000000
        0.105647341319
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Yamaha Corp.
        529900S5TENP3IJS7S02
        Yamaha Corp.
        N/A
        
          
        
        3000.00000000
        NS
        
        143882.49000000
        0.073800191340
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Bayerische Motoren Werke AG
        YEH5ZCD6E441RHVHD759
        Bayerische Motoren Werke AG (Preference)
        N/A
        
          
        
        18035.00000000
        NS
        
        985655.75000000
        0.505562441587
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Nikkei 225 Index
        N/A
        
          
          
        
        -74.00000000
        NC
        
        -505191.30000000
        -0.25912266741
        N/A
        DE
        
        JP
        N
        
        1
        
          
            
              Japan Securities Clearing
              549300JHM7D8P3TS4S86
            
            Call
            Written
            
              
                Nikkei 225 Index
                JP9010C00002
              
            
            1000.00000000
            23500.00000000
            JPY
            2020-12-11
            XXXX
            49410.05000000
          
        
        
          N
          N
          N
        
      
      
        Dai-ichi Life Holdings, Inc.
        549300ZUFXI7JXZVTZ25
        Dai-ichi Life Holdings, Inc.
        N/A
        
          
        
        1500.00000000
        NS
        
        21165.52000000
        0.010856216248
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        L'Oreal SA
        529900JI1GG6F7RKVI53
        L'Oreal SA
        N/A
        
          
        
        2385.00000000
        NS
        
        776148.47000000
        0.398101989997
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Nippon Prologis REIT, Inc.
        353800PHBMSDLAFURY41
        Nippon Prologis REIT, Inc.
        N/A
        
          
        
        67.00000000
        NS
        
        225942.05000000
        0.115890172055
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Adecco Group AG
        NI14Y5UMU60O7JE9P611
        Adecco Group AG (Registered)
        N/A
        
          
        
        17824.00000000
        NS
        
        940489.53000000
        0.482395788869
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        AGL Energy Ltd.
        549300QAZ8A74DEDXO80
        AGL Energy Ltd.
        N/A
        
          
        
        80836.00000000
        NS
        
        789309.30000000
        0.404852441510
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Rio Tinto plc
        213800YOEO5OQ72G2R82
        Rio Tinto plc
        767204100
        
          
        
        45276.00000000
        NS
        USD
        2734217.64000000
        1.402434618689
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        GEA Group AG
        549300PHUU0ZZWO8EO07
        GEA Group AG
        N/A
        
          
        
        808.00000000
        NS
        
        28310.86000000
        0.014521203275
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Orkla ASA
        549300PZS8G8RG6RVZ52
        Orkla ASA
        N/A
        
          
        
        9167.00000000
        NS
        
        92517.74000000
        0.047454189279
        Long
        EC
        CORP
        NO
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        SPI 200 Index
        N/A
        
          
          
        
        1.00000000
        NC
        
        -1569.23000000
        -0.00080488928
        N/A
        DE
        
        AU
        N
        
        1
        
          
            
              ASX Clear (Futures)
              549300ZD7BBOVZFVHK49
            
            Long
            
              
                SPI 200 Index
                XC0006013624
              
            
            2020-12-17
            145050.00000000
            AUD
            -1569.23000000
          
        
        
          N
          N
          N
        
      
      
        Kikkoman Corp.
        529900T9K5UH9HXOND47
        Kikkoman Corp.
        N/A
        
          
        
        6400.00000000
        NS
        
        355032.44000000
        0.182103201050
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Hino Motors Ltd.
        3538009ZU0PHKNHJM202
        Hino Motors Ltd.
        433406105
        
          
        
        30400.00000000
        NS
        
        197256.87000000
        0.101176972606
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Siemens Energy AG
        N/A
        Siemens Energy AG
        N/A
        
          
        
        7518.00000000
        NS
        
        202733.02000000
        0.103985798877
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        Galaxy Entertainment Group Ltd.
        549300ZSEBV3HR826S10
        Galaxy Entertainment Group Ltd.
        N/A
        
          
        
        53000.00000000
        NS
        
        358317.06000000
        0.183787947989
        Long
        EC
        CORP
        HK
        
        N
        
        2
        
          N
          N
          N
        
      
      
        NSK Ltd.
        353800FVQK6SULSPBC69
        NSK Ltd.
        N/A
        
          
        
        50900.00000000
        NS
        
        389606.78000000
        0.199837067815
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nordea Bank Abp
        529900ODI3047E2LIV03
        Nordea Bank Abp
        N/A
        
          
        
        298364.00000000
        NS
        
        2267188.61000000
        1.162886138706
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        Obic Co. Ltd.
        N/A
        Obic Co. Ltd.
        N/A
        
          
        
        2600.00000000
        NS
        
        457242.97000000
        0.234529015137
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Yaskawa Electric Corp.
        3538003K39GR98R0CK58
        Yaskawa Electric Corp.
        N/A
        
          
        
        1900.00000000
        NS
        
        74333.94000000
        0.038127356533
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        BAE Systems plc
        8SVCSVKSGDWMW2QHOH83
        BAE Systems plc
        N/A
        
          
        
        246432.00000000
        NS
        
        1530469.36000000
        0.785008180002
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Sumitomo Corp.
        V82KK8NH1P0JS71FJC05
        Sumitomo Corp.
        N/A
        
          
        
        87000.00000000
        NS
        
        1048741.02000000
        0.537920131510
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Edenred
        9695006LOD5B2D7Y0N70
        Edenred
        N/A
        
          
        
        16716.00000000
        NS
        
        750485.00000000
        0.384938685717
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Singapore Exchange Ltd.
        549300IQ650PPXM76X03
        Singapore Exchange Ltd.
        N/A
        
          
        
        27900.00000000
        NS
        
        188176.24000000
        0.096519336840
        Long
        EC
        CORP
        SG
        N
        
        2
        
          N
          N
          N
        
      
      
        Hermes International
        969500Y4IJGHJE2MTJ13
        Hermes International
        N/A
        
          
        
        61.00000000
        NS
        
        52536.44000000
        0.026946985170
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Volkswagen AG
        529900NNUPAGGOMPXZ31
        Volkswagen AG (Preference)
        N/A
        
          
        
        2710.00000000
        NS
        
        436069.46000000
        0.223668700658
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Nomura Holdings, Inc.
        549300B3CEAHYG7K8164
        Nomura Holdings, Inc.
        N/A
        
          
        
        22900.00000000
        NS
        
        104651.43000000
        0.053677800252
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Delivery Hero SE
        529900C3EX1FZGE48X78
        Delivery Hero SE
        N/A
        
          
        
        2137.00000000
        NS
        
        245197.85000000
        0.125766854926
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Coca-Cola European Partners plc
        549300LTH67W4GWMRF57
        Coca-Cola European Partners plc
        N/A
        
          
        
        2455.00000000
        NS
        USD
        95278.55000000
        0.048870263648
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Covivio
        969500P8M3W2XX376054
        Covivio
        N/A
        
          
        
        2181.00000000
        NS
        
        153147.41000000
        0.078552353113
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Ferrovial SA
        95980020140005757903
        Ferrovial SA
        N/A
        
          
        
        30922.00000000
        NS
        
        751108.42000000
        0.385258450237
        Long
        EC
        CORP
        ES
        N
        
        2
        
          N
          N
          N
        
      
      
        Hang Lung Properties Ltd.
        529900CIVTNMXQT59E61
        Hang Lung Properties Ltd.
        N/A
        
          
        
        98000.00000000
        NS
        
        249759.36000000
        0.128106544146
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Fuji Electric Co. Ltd.
        5299000HVNGZZTYYM906
        Fuji Electric Co. Ltd.
        N/A
        
          
        
        2600.00000000
        NS
        
        82421.70000000
        0.042275729525
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Keyence Corp.
        529900M7PQBS7A89DZ11
        Keyence Corp.
        N/A
        
          
        
        300.00000000
        NS
        
        140243.79000000
        0.071933829726
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        EURO STOXX 50 Index
        N/A
        
          
          
        
        18.00000000
        NC
        
        -25467.30000000
        -0.01306268478
        N/A
        DE
        
        DE
        N
        
        1
        
          
            
              Eurex Clearing
              529900LN3S50JPU47S06
            
            Long
            
              
                EURO STOXX 50 Index
                EU0009658145
              
            
            2020-12-18
            574920.00000000
            EUR
            -25467.30000000
          
        
        
          N
          N
          N
        
      
      
        Aozora Bank Ltd.
        X0XUGKC9FD2CYUQNC010
        Aozora Bank Ltd.
        N/A
        
          
        
        37200.00000000
        NS
        
        617687.42000000
        0.316824165225
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Otsuka Holdings Co. Ltd.
        N/A
        Otsuka Holdings Co. Ltd.
        N/A
        
          
        
        2400.00000000
        NS
        
        101676.77000000
        0.052152037964
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sun Hung Kai Properties Ltd.
        529900LUMD393RD3S874
        Sun Hung Kai Properties Ltd.
        N/A
        
          
        
        500.00000000
        NS
        
        6443.26000000
        0.003304876228
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        MS&AD Insurance Group Holdings, Inc.
        529900CXROT5S2HMMP26
        MS&AD Insurance Group Holdings, Inc.
        N/A
        
          
        
        20200.00000000
        NS
        
        544252.94000000
        0.279158159618
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Prosus NV
        635400Z5LQ5F9OLVT688
        Prosus NV
        N/A
        
          
        
        4910.00000000
        NS
        
        453206.34000000
        0.232458547310
        Long
        EC
        CORP
        NL
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Chugai Pharmaceutical Co. Ltd.
        529900T9LAII161DCN95
        Chugai Pharmaceutical Co. Ltd.
        N/A
        
          
        
        14800.00000000
        NS
        
        664157.17000000
        0.340659424411
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Sands China Ltd.
        549300EVO6UZDGY05787
        Sands China Ltd.
        N/A
        
          
        
        94000.00000000
        NS
        
        364363.89000000
        0.186889487384
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Sompo Holdings, Inc.
        353800CWW4SRGEYEB512
        Sompo Holdings, Inc.
        N/A
        
          
        
        3800.00000000
        NS
        
        131188.00000000
        0.067288934891
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Hong Kong & China Gas Co. Ltd.
        254900P7BETXGC7YU827
        Hong Kong & China Gas Co. Ltd.
        N/A
        
          
        
        19094.00000000
        NS
        
        27725.22000000
        0.014220816869
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        METRO AG
        5299006EQ03K3SSUYS12
        METRO AG
        N/A
        
          
        
        6608.00000000
        NS
        
        65808.18000000
        0.033754324628
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Commonwealth Bank of Australia
        MSFSBD3QN1GSN7Q6C537
        Commonwealth Bank of Australia
        N/A
        
          
        
        64545.00000000
        NS
        
        2970121.59000000
        1.523434447425
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Sanofi
        549300E9PC51EN656011
        Sanofi
        N/A
        
          
        
        32860.00000000
        NS
        
        3292961.20000000
        1.689025305565
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        ASML Holding NV
        724500Y6DUVHQD6OXN27
        ASML Holding NV
        N/A
        
          
        
        6456.00000000
        NS
        
        2384672.85000000
        1.223146142488
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        FTSE 100 Index
        N/A
        
          
          
        
        -117.00000000
        NC
        
        -178145.72000000
        -0.09137448359
        N/A
        DE
        
        GB
        
        N
        
        1
        
          
            
              ICE Clear Europe
              5R6J7JCQRIPQR1EEP713
            
            Call
            Written
            
              
                FTSE 100 Index
                GB0001383545
              
            
            10.00000000
            6125.00000000
            GBP
            2020-12-18
            XXXX
            115490.19000000
          
        
        
          N
          N
          N
        
      
      
        Capgemini SE
        96950077L0TN7BAROX36
        Capgemini SE
        N/A
        
          
        
        5936.00000000
        NS
        
        761561.51000000
        0.390620048038
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        Hikari Tsushin, Inc.
        3538001SOIIV8U3OXH94
        Hikari Tsushin, Inc.
        N/A
        
          
        
        1300.00000000
        NS
        
        310165.51000000
        0.159090060126
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Nippon Express Co. Ltd.
        529900NTHOQWZAW95H82
        Nippon Express Co. Ltd.
        N/A
        
          
        
        6600.00000000
        NS
        
        385130.55000000
        0.197541120404
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Boliden AB
        21380059QU7IM1ONDJ56
        Boliden AB
        N/A
        
          
        
        2920.00000000
        NS
        
        86638.27000000
        0.044438492157
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        SoftBank Corp.
        353800M1YCTS9JRBJ535
        SoftBank Corp.
        N/A
        
          
        
        166500.00000000
        NS
        
        1860527.69000000
        0.954301663230
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Kintetsu Group Holdings Co. Ltd.
        N/A
        Kintetsu Group Holdings Co. Ltd.
        N/A
        
          
        
        5200.00000000
        NS
        
        221917.08000000
        0.113825684875
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Clariant AG
        529900VSEKBY7TMPP349
        Clariant AG (Registered)
        N/A
        
          
        
        46489.00000000
        NS
        
        917093.69000000
        0.470395597125
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Rio Tinto Ltd.
        529900X2VMAQT2PE0V24
        Rio Tinto Ltd.
        N/A
        
          
        
        20689.00000000
        NS
        
        1413087.76000000
        0.724800822318
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        Prudential plc
        5493001Z3ZE83NGK8Y12
        Prudential plc
        N/A
        
          
        
        26524.00000000
        NS
        
        380574.81000000
        0.195204390732
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Deutsche Post AG
        8ER8GIG7CSMVD8VUFE78
        Deutsche Post AG (Registered)
        N/A
        
          
        
        43730.00000000
        NS
        
        1984273.69000000
        1.017773448280
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        BHP Group plc
        549300C116EOWV835768
        BHP Group plc
        N/A
        
          
        
        5805.00000000
        NS
        
        123844.77000000
        0.063522446147
        Long
        EC
        CORP
        GB
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Neles OYJ
        2138007FRMWVPUDCMA45
        Neles OYJ
        N/A
        
          
        
        50367.00000000
        NS
        
        681137.79000000
        0.349369122201
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        Jardine Matheson Holdings Ltd.
        2138009KENVUNWOLPK41
        Jardine Matheson Holdings Ltd.
        N/A
        
          
        
        3400.00000000
        NS
        USD
        135155.42000000
        0.069323903532
        Long
        EC
        CORP
        BM
        
        N
        
        2
        
          N
          N
          N
        
      
    
    
      2020-10-30
      Goldman Sachs Trust
      Peter Fortner
      Peter Fortner
      Assistant Treasurer
    
  
  XXXX



GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – 99.8%
 

Automobiles & Components – 0.2%

  139,719      Gentex Corp.   $       3,597,764
  3,260      Tesla, Inc.*   1,398,573
  2,072      Thor Industries, Inc.   197,379
    

 

     5,193,716

 

 

 

Banks – 3.7%

  34,900      Credicorp Ltd.   4,327,251
  1,400      Cullen/Frost Bankers, Inc.   89,530
  3,600      First Horizon National Corp.   33,948
  15,500      FNB Corp.   105,090
  753,100      Huntington Bancshares, Inc.   6,905,927
  389,629      JPMorgan Chase & Co.(a)(b)   37,509,584
  703,999      New York Community Bancorp, Inc.(b)   5,822,072
  434,000      PacWest Bancorp   7,412,720
  1,053,099      People’s United Financial, Inc.(b)   10,857,450
  81,400      PNC Financial Services Group, Inc. (The)   8,946,674
  18,700      Synovus Financial Corp.   395,879
  4,400      TCF Financial Corp.   102,784
  198,000      Truist Financial Corp.   7,533,900
  375,700      Umpqua Holdings Corp.   3,989,934
  400      Webster Financial Corp.   10,564
    

 

     94,043,307

 

 

 

Capital Goods – 6.8%

  111,368      3M Co.   17,838,926
  700      Air Lease Corp.   20,594
  1,300      Carlisle Cos., Inc.   159,081
  104,187      Caterpillar, Inc.   15,539,491
  8,565      Crane Co.   429,363
  39,662      Cummins, Inc.   8,375,028
  1,841      Donaldson Co., Inc.   85,459
  147,062      Eaton Corp. plc   15,004,736
  176,061      Emerson Electric Co.   11,544,320
  196,998      Fastenal Co.   8,882,640
  103,224      Honeywell International, Inc.   16,991,703
  14,822      Hubbell, Inc.   2,028,242
  78,550      Illinois Tool Works, Inc.   15,176,645
  226,938      Johnson Controls International plc   9,270,417
  41,101      L3Harris Technologies, Inc.   6,980,594
  600      Lincoln Electric Holdings, Inc.   55,224
  54,334      Lockheed Martin Corp.   20,825,136
  60,400      MSC Industrial Direct Co., Inc. Class A   3,822,112
  2,143      nVent Electric plc   37,910
  18,234      Owens Corning   1,254,682
  199,430      Raytheon Technologies Corp.   11,475,202
  12,552      Timken Co. (The)   680,569
  24,056      Trinity Industries, Inc.   469,092
  4,800      Virgin Galactic Holdings, Inc.*(c)   92,304
  25,799      Watsco, Inc.   6,008,329
  554      Woodward, Inc.   44,409
    

 

     173,092,208

 

 

 

Commercial & Professional Services – 0.1%

  9,400      CoreLogic, Inc.   636,098
  16      CoStar Group, Inc.*   13,576
  10,900      ManpowerGroup, Inc.   799,297
  1,100      MSA Safety, Inc.   147,587
  1,784      TransUnion   150,088
    

 

     1,746,646

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Consumer Durables & Apparel – 1.0%

  2,433      Capri Holdings Ltd.*   $            43,794
  33,700      Garmin Ltd.   3,196,782
  66,030      Leggett & Platt, Inc.   2,718,404
  427      Lennar Corp. Class B   28,037
  2,437      Lululemon Athletica, Inc.*   802,675
  123,100      NIKE, Inc. Class B   15,453,974
  5,769      Tempur Sealy International, Inc.*   514,537
  57,820      Toll Brothers, Inc.   2,813,521
    

 

     25,571,724

 

 

 

Consumer Services – 1.1%

  11,871      Aramark   313,988
  5,500      Bright Horizons Family Solutions, Inc.*   836,220
  3,500      Chegg, Inc.*   250,040
  8,027      Choice Hotels International, Inc.   690,001
  63,302      Extended Stay America, Inc.   756,459
  11,719      Hyatt Hotels Corp. Class A   625,443
  52,137      McDonald’s Corp.   11,443,550
  15,465      Planet Fitness, Inc. Class A*   952,953
  81,600      Six Flags Entertainment Corp.   1,656,480
  76,800      Starbucks Corp.   6,598,656
  18,477      Wendy’s Co. (The)   411,945
  127,900      Wyndham Destinations, Inc.   3,934,204
  14,043      Wyndham Hotels & Resorts, Inc.   709,171
    

 

     29,179,110

 

 

 

Diversified Financials – 3.1%

  9,698      Ally Financial, Inc.   243,129
  97,060      American Express Co.   9,730,265
  30,800      Apollo Global Management, Inc.   1,378,300
  57,700      Ares Management Corp.   2,332,234
  86,326      Berkshire Hathaway, Inc. Class B*   18,382,258
  18,200      BlackRock, Inc.   10,256,610
  25,800      Carlyle Group, Inc. (The)   636,486
  42,800      CME Group, Inc.   7,160,868
  37,400      Eaton Vance Corp.   1,426,810
  7,600      Equitable Holdings, Inc.   138,624
  1,110,204      Invesco Ltd.   12,667,427
  3,373      KKR & Co., Inc.   115,829
  2,083      OneMain Holdings, Inc.   65,094
  56,801      Santander Consumer USA Holdings, Inc.   1,033,210
  85,800      T. Rowe Price Group, Inc.   11,001,276
  21,618      TD Ameritrade Holding Corp.   846,345
  118,400      Virtu Financial, Inc. Class A   2,724,384
    

 

     80,139,149

 

 

 

Energy – 1.6%

  237,098      Chevron Corp.   17,071,056
  412,319      Exxon Mobil Corp.(b)   14,154,911
  445,300      Kinder Morgan, Inc.   5,490,549
  178,400      ONEOK, Inc.   4,634,832
    

 

     41,351,348

 

 

 

Food & Staples Retailing – 1.3%

  26,354      Costco Wholesale Corp.   9,355,670
  136,600      Walgreens Boots Alliance, Inc.   4,906,672
  139,941      Walmart, Inc.   19,579,145
    

 

     33,841,487

 

 

 


GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Food, Beverage & Tobacco – 3.9%

  318,759      Altria Group, Inc.   $     12,316,848
  59,900      Bunge Ltd.   2,737,430
  545,000      Coca-Cola Co. (The)(a)   26,906,650
  93,600      Flowers Foods, Inc.   2,277,288
  185,934      General Mills, Inc.   11,468,409
  1,200      Ingredion, Inc.   90,816
  15,800      Keurig Dr Pepper, Inc.   436,080
  336,300      Kraft Heinz Co. (The)   10,072,185
  194,582      PepsiCo, Inc.   26,969,065
  95,254      Philip Morris International, Inc.   7,143,098
    

 

     100,417,869

 

 

 

Health Care Equipment & Services – 5.9%

  215,942      Abbott Laboratories   23,500,968
  36,379      Anthem, Inc.   9,771,036
  27,268      Becton Dickinson and Co.   6,344,718
  97,900      Cardinal Health, Inc.   4,596,405
  26,368      Change Healthcare, Inc.*   382,600
  260,578      CVS Health Corp.   15,217,755
  11,001      DexCom, Inc.*   4,534,942
  33,298      Encompass Health Corp.   2,163,704
  7,143      Envista Holdings Corp.*   176,289
  100      Guardant Health, Inc.*   11,178
  8,883      Hill-Rom Holdings, Inc.   741,819
  11,200      Insulet Corp.*   2,649,808
  256,053      Medtronic plc   26,609,028
  915      Molina Healthcare, Inc.*   167,482
  800      Novocure Ltd.*   89,048
  4,341      Penumbra, Inc.*   843,803
  68,640      Stryker Corp.   14,302,517
  5,000      Tandem Diabetes Care, Inc.*   567,500
  1,500      Teladoc Health, Inc.*(c)   328,860
  120,077      UnitedHealth Group, Inc.(a)   37,436,406
    

 

     150,435,866

 

 

 

Household & Personal Products – 1.9%

  72,798      Kimberly-Clark Corp.   10,749,353
  7,900      Nu Skin Enterprises, Inc. Class A   395,711
  262,098      Procter & Gamble Co. (The)(a)   36,429,001
    

 

     47,574,065

 

 

 

Insurance – 1.8%

  1,500      Axis Capital Holdings Ltd.   66,060
  4,100      CNA Financial Corp.   122,959
  143,800      Fidelity National Financial, Inc.   4,502,378
  45,800      First American Financial Corp.   2,331,678
  210,199      Mercury General Corp.   8,695,933
  175,001      MetLife, Inc.   6,504,787
  427,306      Old Republic International Corp.   6,298,490
  142,799      Principal Financial Group, Inc.   5,750,516
  199,900      Prudential Financial, Inc.   12,697,648
    

 

     46,970,449

 

 

 

Materials – 3.0%

  49,426      Air Products and Chemicals, Inc.   14,722,028
  7,400      Ashland Global Holdings, Inc.   524,808
  162,249      Dow, Inc.   7,633,815
  7,604      Graphic Packaging Holding Co.   107,140
  50,400      International Flavors & Fragrances, Inc.(c)   6,171,480
  448,899      International Paper Co.   18,198,366
  72,419      Linde plc   17,245,137
  73,580      Newmont Corp.   4,668,651

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Materials – (continued)

  3,799      Reliance Steel & Aluminum Co.   $          387,650
  15,623      RPM International, Inc.   1,294,209
  15,400      Sonoco Products Co.   786,478
  134,200      Southern Copper Corp.   6,075,234
  2,203      Steel Dynamics, Inc.   63,072
  2,300      W R Grace & Co.   92,667
    

 

     77,970,735

 

 

 

Media & Entertainment – 8.6%

  72,752      Activision Blizzard, Inc.   5,889,274
  32,629      Alphabet, Inc. Class A*   47,821,062
  18,505      Alphabet, Inc. Class C*(a)   27,194,948
  542,319      Comcast Corp. Class A   25,087,677
  226,694      Facebook, Inc. Class A*   59,371,159
  408,901      Interpublic Group of Cos., Inc. (The)   6,816,380
  2,761      Liberty Broadband Corp. Class A*   391,537
  43,624      Netflix, Inc.*   21,812,919
  11,493      Nexstar Media Group, Inc. Class A   1,033,566
  145,300      Omnicom Group, Inc.   7,192,350
  10,100      Pinterest, Inc. Class A*   419,251
  2,328      Roku, Inc.*   439,526
  64,642      Sirius XM Holdings, Inc.   346,481
  35,000      Snap, Inc. Class A*   913,850
  39,800      TripAdvisor, Inc.   779,682
  700      ViacomCBS, Inc. Class A   21,203
  85,250      Walt Disney Co. (The)   10,577,820
  2,346      World Wrestling Entertainment, Inc. Class A   94,943
  9,275      Zillow Group, Inc. Class A*   941,784
  30,202      Zillow Group, Inc. Class C*   3,068,221
    

 

     220,213,633

 

 

 

Pharmaceuticals, Biotechnology & Life Sciences – 8.2%

  2,200      10X Genomics, Inc. Class A*   274,296
  305,086      AbbVie, Inc.(a)(b)   26,722,483
  5,800      Adaptive Biotechnologies Corp.*   282,054
  7,322      Agios Pharmaceuticals, Inc.*   256,270
  6,645      Alnylam Pharmaceuticals, Inc.*   967,512
  69,902      Amgen, Inc.   17,766,292
  1,832      Bio-Techne Corp.   453,841
  888      Bluebird Bio, Inc.*   47,908
  335,001      Bristol-Myers Squibb Co.(a)   20,197,210
  7,653      Bruker Corp.   304,207
  6,275      Charles River Laboratories International, Inc.*   1,420,974
  86,878      Eli Lilly and Co.   12,859,682
  2,808      Exact Sciences Corp.*   286,276
  230,194      Gilead Sciences, Inc.   14,545,959
  1,100      Global Blood Therapeutics, Inc.*   60,654
  7,500      Immunomedics, Inc.*   637,725
  5,100      Iovance Biotherapeutics, Inc.*   167,892
  275,234      Johnson & Johnson   40,976,838
  302,253      Merck & Co., Inc.   25,071,886
  3,585      Moderna, Inc.*   253,639
  710,699      Pfizer, Inc.   26,082,653
  5,631      QIAGEN NV*   294,276
  900      Repligen Corp.*   132,786
  1,420      Sage Therapeutics, Inc.*   86,790
  2,687      Seattle Genetics, Inc.*   525,819
  7,000      Syneos Health, Inc.*   372,120

 

 

 


GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Pharmaceuticals, Biotechnology & Life Sciences – (continued)

  43,196      Thermo Fisher Scientific, Inc.   $  19,071,898
    

 

     210,119,940

 

 

 

Real Estate – 2.5%

  4,928      American Campus Communities, Inc. (REIT)   172,086
  58,391      American Homes 4 Rent Class A (REIT)   1,662,976
  44,401      American Tower Corp. (REIT)   10,733,054
  1,797      Brandywine Realty Trust (REIT)   18,581
  3,320      Brixmor Property Group, Inc. (REIT)   38,811
  16,087      Camden Property Trust (REIT)   1,431,421
  2,076      Corporate Office Properties Trust (REIT)   49,243
  3,658      Cousins Properties, Inc. (REIT)   104,582
  45,100      Crown Castle International Corp. (REIT)   7,509,150
  4,400      CyrusOne, Inc. (REIT)   308,132
  21,700      Digital Realty Trust, Inc. (REIT)   3,184,692
  78      Douglas Emmett, Inc. (REIT)   1,958
  1,403      EPR Properties (REIT)   38,582
  9,000      Equinix, Inc. (REIT)   6,841,170
  55,100      Equity LifeStyle Properties, Inc. (REIT)   3,377,630
  5,800      First Industrial Realty Trust, Inc. (REIT)   230,840
  7,270      Gaming and Leisure Properties, Inc. (REIT)   268,481
  7,526      Healthcare Trust of America, Inc. Class A (REIT)   195,676
  602      Highwoods Properties, Inc. (REIT)   20,209
  864      Howard Hughes Corp. (The)*   49,766
  6,897      Hudson Pacific Properties, Inc. (REIT)   151,251
  87,000      Invitation Homes, Inc. (REIT)   2,435,130
  2,156      Lamar Advertising Co. Class A (REIT)   142,662
  37,320      Medical Properties Trust, Inc. (REIT)   657,952
  5,561      National Retail Properties, Inc. (REIT)   191,910
  10,405      Omega Healthcare Investors, Inc. (REIT)   311,526
  29,335      Outfront Media, Inc. (REIT)   426,824
  8,383      Park Hotels & Resorts, Inc. (REIT)   83,746
  102,727      Prologis, Inc. (REIT)   10,336,391
  24,200      SBA Communications Corp. (REIT)   7,707,216
  1,781      Spirit Realty Capital, Inc. (REIT)   60,109
  12,591      STORE Capital Corp. (REIT)   345,371
  30,693      Sun Communities, Inc. (REIT)   4,315,743
  57,963      VEREIT, Inc. (REIT)   376,759
  1,280      WP Carey, Inc. (REIT)   83,405
    

 

     63,863,035

 

 

 

Retailing – 8.2%

  39,786      Amazon.com, Inc.*(a)   125,275,372
  4,907      Burlington Stores, Inc.*   1,011,284
  7,875      Carvana Co.*   1,756,597

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Retailing – (continued)

  19,200      Etsy, Inc.*   $    2,335,296
  5,281      Five Below, Inc.*   670,687
  14,900      Foot Locker, Inc.   492,147
  6,781      Grubhub, Inc.*   490,470
  153,476      Home Depot, Inc. (The)   42,621,820
  113,699      Lowe’s Cos., Inc.   18,858,116
  518      MercadoLibre, Inc.*   560,725
  79,015      Target Corp.   12,438,541
  3,962      Wayfair, Inc. Class A*   1,152,981
  16,500      Williams-Sonoma, Inc.   1,492,260
    

 

     209,156,296

 

 

 

Semiconductors & Semiconductor Equipment – 5.6%

  115,317      Advanced Micro Devices, Inc.*   9,454,841
  51,900      Analog Devices, Inc.   6,058,806
  77,590      Broadcom, Inc.   28,267,589
  5,800      Enphase Energy, Inc.*   479,022
  100      Inphi Corp.*   11,225
  420,509      Intel Corp.   21,773,956
  24,653      Lam Research Corp.   8,178,633
  62,300      Marvell Technology Group Ltd.   2,473,310
  57,200      NVIDIA Corp.   30,957,784
  2,000      NXP Semiconductors NV   249,620
  111,197      QUALCOMM, Inc.   13,085,663
  1,400      SolarEdge Technologies, Inc.*   333,690
  1,644      Teradyne, Inc.   130,632
  149,450      Texas Instruments, Inc.(a)   21,339,965
    

 

     142,794,736

 

 

 

Software & Services – 14.8%

  2,700      2U, Inc.*   91,422
  59,000      Accenture plc Class A   13,333,410
  37,091      Adobe, Inc.*   18,190,539
  12,000      Alteryx, Inc. Class A*   1,362,600
  22,400      Amdocs Ltd.   1,285,984
  7,500      Anaplan, Inc.*   469,350
  7,300      Atlassian Corp. plc Class A*   1,327,067
  53,408      Automatic Data Processing, Inc.   7,449,882
  600      Avalara, Inc.*   76,404
  12,836      Booz Allen Hamilton Holding Corp.   1,065,131
  6,600      Cloudflare, Inc. Class A*   270,996
  8,400      Coupa Software, Inc.*   2,303,616
  1,000      Crowdstrike Holdings, Inc. Class A*   137,320
  7,100      Datadog, Inc. Class A*   725,336
  3,768      DocuSign, Inc.*   811,024
  2,900      Dynatrace, Inc.*   118,958
  100      Everbridge, Inc.*   12,573
  1,700      Fastly, Inc. Class A*   159,256
  80,572      Fidelity National Information Services, Inc.   11,861,004
  4,800      FireEye, Inc.*   59,256
  9,700      HubSpot, Inc.*   2,834,631
  239,801      International Business Machines Corp.   29,176,588
  70,700      Mastercard, Inc. Class A   23,908,619
  713,433      Microsoft Corp.(a)(b)   150,056,363
  3,622      MongoDB, Inc.*   838,529
  6,400      Nutanix, Inc. Class A*   141,952
  3,527      Okta, Inc.*   754,249
  208,200      Paychex, Inc.   16,608,114
  3,000      Paylocity Holding Corp.*   484,260

 

 

 


GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Software & Services – (continued)

  83,300      PayPal Holdings, Inc.*   $     16,412,599
  2,300      Pluralsight, Inc. Class A*   39,399
  1,400      RingCentral, Inc. Class A*   384,454
  85,049      salesforce.com, Inc.*   21,374,515
  22,462      ServiceNow, Inc.*   10,894,070
  14,000      Slack Technologies, Inc. Class A*   376,040
  2,000      Smartsheet, Inc. Class A*   98,840
  11,600      Splunk, Inc.*   2,182,308
  7,510      Square, Inc. Class A*   1,220,751
  14,587      Switch, Inc. Class A   227,703
  4,200      Trade Desk, Inc. (The) Class A*   2,178,876
  6,200      Twilio, Inc. Class A*   1,531,958
  138,455      Visa, Inc. Class A   27,686,846
  256,699      Western Union Co. (The)   5,501,060
  3,400      Workday, Inc. Class A*   731,442
  11,600      Zendesk, Inc.*   1,193,872
  500      Zoom Video Communications, Inc. Class A*   235,055
  4,700      Zscaler, Inc.*   661,243
    

 

     378,845,464

 

 

 

Technology Hardware & Equipment – 8.8%

  1,498,556      Apple, Inc.(a)   173,547,771
  500      Avnet, Inc.   12,920
  635,648      Cisco Systems, Inc.(a)   25,038,175
  244,181      Corning, Inc.   7,913,906
  12,014      Dolby Laboratories, Inc. Class A   796,288
  30,759      Flex Ltd.*   342,655
  363,000      HP, Inc.   6,893,370
  1,400      Jabil, Inc.   47,964
  1,000      Littelfuse, Inc.   177,340
  67,630      National Instruments Corp.   2,414,391
  171,500      NetApp, Inc.   7,518,560
    

 

     224,703,340

 

 

 

Telecommunication Services – 2.5%

  1,217,928      AT&T, Inc.(a)   34,723,127
  509,002      Verizon Communications, Inc.(b)   30,280,529
    

 

     65,003,656

 

 

 

Transportation – 1.9%

  18,284      JetBlue Airways Corp.*   207,158
  12,400      Knight-Swift Transportation Holdings, Inc.   504,680
  17,224      Lyft, Inc. Class A*   474,521
  42,346      Norfolk Southern Corp.   9,061,621
  33,000      Ryder System, Inc.   1,393,920
  12,582      Uber Technologies, Inc.*   458,991
  118,762      Union Pacific Corp.   23,380,675
  71,298      United Parcel Service, Inc. Class B   11,880,386
    

 

     47,361,952

 

 

 

Utilities – 3.3%

  53,000      Consolidated Edison, Inc.   4,123,400
  295,897      Dominion Energy, Inc.   23,355,150
  265,600      Duke Energy Corp.   23,521,536
  21,700      MDU Resources Group, Inc.   488,250
  1,400      OGE Energy Corp.   41,986
  609,201      PPL Corp.   16,576,359

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Utilities – (continued)

  316,501      Southern Co. (The)   $     17,160,685
    

 

     85,267,366

 

 

 
TOTAL COMMON STOCKS
(Cost $2,030,529,388)
  $2,554,857,097

 

 

Shares      Dividend
Rate
  Value
  Investment Company(d) – 1.5%
 

Goldman Sachs Financial Square Government Fund — Institutional
Shares

  37,942,365      0.027%   $     37,942,365
  (Cost $37,942,365)  

 

 

 

TOTAL INVESTMENTS BEFORE SECURITIES
LENDING REINVESTMENT VEHICLE
(Cost $2,068,471,753)

  $2,592,799,462

 

 

    
  Securities Lending Reinvestment Vehicle(d) – 0.2%
 

Goldman Sachs Financial Square Government Fund — Institutional
Shares

  6,332,150      0.027%   $       6,332,150
  (Cost $6,332,150)  

 

 

 
TOTAL INVESTMENTS – 101.5%
(Cost $2,074,803,903)
  $2,599,131,612

 

 

 
LIABILITIES IN EXCESS
    OF OTHER ASSETS – (1.5)%
  (37,102,064)

 

 

  NET ASSETS – 100.0%   $2,562,029,548

 

 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
*   Security is currently in default and/or non-income producing.
(a)   All or a portion of security is segregated as collateral for call options written.
(b)   All or a portion of security is segregated as collateral for initial margin requirements on futures transactions.
(c)   All or a portion of security is on loan.
(d)   Represents an Affiliated Issuer.

 

 

Investment Abbreviation:
REIT  

— Real Estate Investment Trust

Currency Abbreviation:
USD  

— United States Dollar

 

For information on the mutual funds, please call our toll-free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.GSAMFUNDS.com.
 


GOLDMAN SACHS U.S. EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

 

ADDITIONAL INVESTMENT INFORMATION

 

 

FUTURES CONTRACTS — At September 30, 2020, the Fund had the following futures contracts:

 

Description      Number of
Contracts
     Expiration
Date
     Notional
Amount
     Unrealized
Appreciation/
(Depreciation)
 

 

 

Long position contracts:

    

S&P 500 E-Mini Index

     238      12/18/2020      $39,888,800      $ 338,710  

 

 

WRITTEN OPTIONS CONTRACTS — At September 30, 2020, the Fund had the following written options contracts:

 

Description   Counterparty   Exercise
Price
    Expiration
Date
    Number of  
Contracts
  Notional
Amount
    Value    

Premiums
Paid
(Received)

by the

Fund

    Unrealized
Appreciation/
Depreciation
 

 

 

Written options contracts:

 

     

Calls

 

     

S&P 500 Index

  Morgan Stanley Co., Inc     3,290 USD     10/30/2020   727   $ (244,490,100   $ (9,003,895   $ (9,413,196   $ 409,301  
      3,560 USD     11/30/2020   711     (239,109,300     (3,103,515     (8,742,456     5,638,941  
      3,430 USD     12/31/2020   648     (217,922,400     (8,187,480     (8,410,236     222,756  

 

 

Total written options contracts

  2,086     $ (20,294,890   $ (26,565,888   $ 6,270,998  

 

 


GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – 99.4%
 

Australia – 9.0%

  1,244      Afterpay Ltd. (Software & Services)*   $         73,327
  80,836      AGL Energy Ltd. (Utilities)   789,309
  51,152      APA Group (Utilities)   380,248
  433,276      Aurizon Holdings Ltd. (Transportation)   1,332,918
  75,241      BHP Group Ltd. (Materials)   1,943,746
  5,805      BHP Group plc (Materials)   123,845
  51,205      Coca-Cola Amatil Ltd. (Food, Beverage & Tobacco)   350,493
  23,965      Coles Group Ltd. (Food & Staples Retailing)   291,960
  64,545      Commonwealth Bank of Australia (Banks)   2,970,122
  1,390      CSL Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   287,128
  19,189      Fortescue Metals Group Ltd. (Materials)   225,433
  63,415      Glencore plc (Materials)*(a)   131,470
  88,722      Medibank Pvt Ltd. (Insurance)   160,090
  175,269      National Australia Bank Ltd. (Banks)   2,251,671
  20,689      Rio Tinto Ltd. (Materials)   1,413,088
  11,619      Rio Tinto plc (Materials)   699,144
  45,276      Rio Tinto plc ADR (Materials)(a)(b)   2,734,218
  13,841      Sonic Healthcare Ltd. (Health Care Equipment & Services)   328,685
  30,155      Wesfarmers Ltd. (Retailing)   963,883
    

 

     17,450,778

 

 

 

Austria – 0.1%

  3,643      Erste Group Bank AG (Banks)   76,286
  2,796      voestalpine AG (Materials)(a)   73,691
    

 

     149,977

 

 

 

Belgium – 1.9%

  35,194      Ageas SA/NV (Insurance)   1,440,107
  13,237      Anheuser-Busch InBev SA/NV (Food, Beverage & Tobacco)   712,686
  85,798      Proximus SADP (Telecommunication Services)   1,565,215
    

 

     3,718,008

 

 

 

China – 0.2%

  4,910      Prosus NV (Retailing)*   453,206

 

 

 

Denmark – 1.7%

  6,157      Coloplast A/S Class B (Health Care Equipment & Services)   975,817
  27,651      Novo Nordisk A/S Class B (Pharmaceuticals, Biotechnology & Life Sciences)   1,915,732
  12,480      Tryg A/S (Insurance)   392,902
    

 

     3,284,451

 

 

 

Finland – 2.8%

  7,102      Kone OYJ Class B (Capital Goods)   623,580
  67,566      Metso Outotec OYJ (Capital Goods)   470,841
  50,367      Neles OYJ (Capital Goods)   681,138
  7,263      Neste OYJ (Energy)   382,468

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Finland – (continued)

  298,364      Nordea Bank Abp (Banks)   $     2,267,189
  26,281      Sampo OYJ Class A (Insurance)(a)   1,040,731
    

 

     5,465,947

 

 

 

France – 10.4%

  7,477      Air Liquide SA (Materials)   1,185,177
  8,681      Airbus SE (Capital Goods)*   629,595
  12,945      BNP Paribas SA (Banks)*   468,280
  12,106      Bouygues SA (Capital Goods)   418,339
  5,936      Capgemini SE (Software & Services)(a)   761,562
  2,181      Covivio (REIT)   153,147
  21,499      Danone SA (Food, Beverage & Tobacco)   1,392,599
  1,122      Dassault Systemes SE (Software & Services)   209,345
  16,716      Edenred (Software & Services)   750,485
  764      Gecina SA (REIT)   100,715
  61      Hermes International (Consumer Durables & Apparel)   52,536
  1,959      Kering SA (Consumer Durables &
Apparel)(a)
  1,299,488
  2,385      L’Oreal SA (Household & Personal Products)(a)   776,149
  5,717      LVMH Moet Hennessy Louis Vuitton SE (Consumer Durables & Apparel)(a)   2,674,989
  2,445      Pernod Ricard SA (Food, Beverage & Tobacco)   389,821
  26,637      Peugeot SA (Automobiles & Components)*   483,048
  4,227      Publicis Groupe SA (Media & Entertainment)   136,236
  3,760      Safran SA (Capital Goods)*   369,936
  32,860      Sanofi (Pharmaceuticals, Biotechnology & Life Sciences)(a)   3,292,961
  13,566      Schneider Electric SE (Capital Goods)(a)   1,686,239
  42,051      TOTAL SE (Energy)(a)   1,444,139
  1,535      Unibail-Rodamco-Westfield (REIT)   56,611
  2,233      Valeo SA (Automobiles & Components)   68,571
  2,034      Vinci SA (Capital Goods)   169,954
  34,174      Vivendi SA (Media & Entertainment)   954,441
  2,168      Worldline SA (Software & Services)*(c)   177,523
    

 

     20,101,886

 

 

 

Germany – 10.1%

  1,494      adidas AG (Consumer Durables & Apparel)*   482,476
  4,223      Allianz SE (Registered) (Insurance)   810,520
  4,220      BASF SE (Materials)(a)   256,981
  24,038      Bayer AG (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)(a)   1,482,994
  13,633      Bayerische Motoren Werke AG (Automobiles & Components)(a)   989,444

 

 

 


GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Germany – (continued)

  18,035      Bayerische Motoren Werke AG (Preference) (Automobiles & Components)(d)   $       985,656
  1,439      Carl Zeiss Meditec AG (Health Care Equipment & Services)   181,747
  10,619      Covestro AG (Materials)(c)   526,597
  2,137      Delivery Hero SE (Retailing)*(c)   245,198
  2,230      Deutsche Boerse AG (Diversified Financials)   390,964
  43,730      Deutsche Post AG (Registered) (Transportation)(a)   1,984,274
  51,998      E.ON SE (Utilities)   573,144
  4,258      Evonik Industries AG (Materials)(a)   110,150
  3,801      Fresenius SE & Co. KGaA (Health Care Equipment & Services)   172,848
  808      GEA Group AG (Capital Goods)   28,311
  17,208      HOCHTIEF AG (Capital Goods)   1,335,849
  8,731      Infineon Technologies AG (Semiconductors & Semiconductor Equipment)   246,090
  3,095      LEG Immobilien AG (Real Estate)   441,158
  6,608      METRO AG (Food & Staples Retailing)   65,808
  2,239      Porsche Automobil Holding SE (Preference) (Automobiles & Components)*,(d)   133,592
  2,764      Puma SE (Consumer Durables & Apparel)*   248,470
  19,261      SAP SE (Software & Services)(a)   2,999,288
  689      Sartorius AG (Preference) (Health Care Equipment & Services)(d)   282,404
  15,036      Siemens AG (Registered) (Capital Goods)   1,898,883
  7,518      Siemens Energy AG (Utilities)*   202,733
  3,648      Siemens Healthineers AG (Health Care Equipment & Services)(c)   163,753
  223,703      Telefonica Deutschland Holding AG (Telecommunication Services)   571,729
  2,710      Volkswagen AG (Preference) (Automobiles & Components)(d)   436,069
  20,371      Vonovia SE (Real Estate)(a)   1,396,493
    

 

     19,643,623

 

 

 

Hong Kong – 2.7%

  117,600      AIA Group Ltd. (Insurance)   1,168,956
  16,700      ASM Pacific Technology Ltd. (Semiconductors & Semiconductor Equipment)   170,960
  98,000      Hang Lung Properties Ltd. (Real Estate)   249,759
  19,094      Hong Kong & China Gas Co. Ltd. (Utilities)   27,725
  22,396      Hong Kong Exchanges & Clearing Ltd. (Diversified Financials)   1,054,258

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Hong Kong – (continued)

  3,400      Jardine Matheson Holdings Ltd. (Capital Goods)   $       135,155
  2,200      Jardine Strategic Holdings Ltd. (Capital Goods)   43,619
  212,657      Link REIT (REIT)   1,742,594
  43,533      MTR Corp. Ltd. (Transportation)   216,050
  22,902      Sino Land Co. Ltd. (Real Estate)   26,812
  500      Sun Hung Kai Properties Ltd. (Real Estate)   6,443
  400      Swire Properties Ltd. (Real Estate)   1,060
  24,000      Techtronic Industries Co. Ltd. (Capital Goods)   319,097
    

 

     5,162,488

 

 

 

Ireland – 0.5%

  24,567      CRH plc (Materials)(a)   890,832

 

 

 

Israel – 0.4%

  107,511      Bank Leumi Le-Israel BM (Banks)   473,303
  13,689      ICL Group Ltd. (Materials)   48,371
  715      Wix.com Ltd. (Software & Services)*   182,218
    

 

     703,892

 

 

 

Italy – 1.1%

  9,895      Enel SpA (Utilities)   85,848
  4,925      Eni SpA (Energy)(a)   38,494
  2,335      Ferrari NV (Automobiles & Components)   428,517
  121,717      Mediobanca Banca di Credito Finanziario SpA (Banks)   953,765
  2,098      Moncler SpA (Consumer Durables & Apparel)*   85,853
  110,623      Snam SpA (Utilities)   568,909
    

 

     2,161,386

 

 

 

Japan – 25.6%

  2,400      ABC-Mart, Inc. (Retailing)   124,959
  2,400      Advantest Corp. (Semiconductors & Semiconductor Equipment)   116,737
  11,300      AGC, Inc. (Capital Goods)   332,101
  10,500      Alfresa Holdings Corp. (Health Care Equipment & Services)   229,979
  37,200      Aozora Bank Ltd. (Banks)   617,687
  27,000      Asahi Kasei Corp. (Materials)   235,538
  7,100      Astellas Pharma, Inc. (Pharmaceuticals, Biotechnology & Life Sciences)   105,837
  2,300      Bandai Namco Holdings, Inc. (Consumer Durables & Apparel)   168,521
  53,100      Bridgestone Corp. (Automobiles & Components)   1,678,446
  34,600      Canon, Inc. (Technology Hardware & Equipment)   573,895
  7,900      Casio Computer Co. Ltd. (Consumer Durables & Apparel)   127,919

 

 

 


GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Japan – (continued)

  14,800      Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   $       664,157
  31,100      Chugoku Electric Power Co., Inc. (The) (Utilities)   388,838
  1,500      Dai-ichi Life Holdings, Inc. (Insurance)   21,166
  29,400      Daiichi Sankyo Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   902,514
  2,000      Daikin Industries Ltd. (Capital Goods)   369,549
  8,200      Daito Trust Construction Co. Ltd. (Real Estate)   726,888
  9,200      Daiwa House Industry Co. Ltd. (Real Estate)   235,955
  132,700      Daiwa Securities Group, Inc. (Diversified Financials)   558,125
  2,900      Denso Corp. (Automobiles & Components)   127,112
  1,500      Disco Corp. (Semiconductors & Semiconductor Equipment)   366,757
  9,700      Eisai Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   885,924
  3,400      FANUC Corp. (Capital Goods)   652,513
  200      Fast Retailing Co. Ltd. (Retailing)   125,684
  2,600      Fuji Electric Co. Ltd. (Capital Goods)   82,422
  1,300      Hikari Tsushin, Inc. (Retailing)   310,166
  30,400      Hino Motors Ltd. (Capital Goods)   197,257
  1,916      Hirose Electric Co. Ltd. (Technology Hardware & Equipment)   247,558
  1,400      Hitachi Ltd. (Technology Hardware & Equipment)   47,403
  6,700      Hitachi Metals Ltd. (Materials)   103,315
  1,200      Honda Motor Co. Ltd. (Automobiles & Components)   28,497
  3,500      Hoya Corp. (Health Care Equipment & Services)   395,207
  3,700      Hulic Co. Ltd. (Real Estate)   34,718
  3,200      Idemitsu Kosan Co. Ltd. (Energy)   68,323
  3,100      Isuzu Motors Ltd. (Automobiles & Components)   27,112
  55,800      ITOCHU Corp. (Capital Goods)   1,428,806
  14,200      Japan Exchange Group, Inc. (Diversified Financials)   398,002
  16,700      Japan Post Insurance Co. Ltd. (Insurance)   262,946
  29,000      Japan Tobacco, Inc. (Food, Beverage & Tobacco)   529,070
  6,400      JSR Corp. (Materials)   152,116
  8,500      JTEKT Corp. (Automobiles & Components)   66,672
  12,400      Kajima Corp. (Capital Goods)   149,398
  9,300      Kakaku.com, Inc. (Media & Entertainment)   245,184

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Japan – (continued)

  33,100      Kansai Electric Power Co., Inc. (The) (Utilities)   $       320,802
  7,100      Kao Corp. (Household & Personal Products)   533,002
  22,000      KDDI Corp. (Telecommunication Services)   553,334
  300      Keyence Corp. (Technology Hardware & Equipment)   140,244
  6,400      Kikkoman Corp. (Food, Beverage & Tobacco)   355,032
  5,200      Kintetsu Group Holdings Co. Ltd. (Transportation)   221,917
  38,100      Kirin Holdings Co. Ltd. (Food, Beverage & Tobacco)   715,617
  24,000      Komatsu Ltd. (Capital Goods)   527,113
  3,100      Kose Corp. (Household & Personal Products)   379,557
  7,300      Kyushu Railway Co. (Transportation)   156,078
  7,700      Lawson, Inc. (Food & Staples Retailing)   367,156
  27,300      LIXIL Group Corp. (Capital Goods)   551,796
  7,700      M3, Inc. (Health Care Equipment & Services)   476,293
  2,100      Makita Corp. (Capital Goods)   100,505
  5,200      Marui Group Co. Ltd. (Retailing)   99,784
  49,900      Mitsubishi Chemical Holdings Corp. (Materials)   288,042
  33,700      Mitsubishi Corp. (Capital Goods)   806,622
  23,400      Mitsubishi Electric Corp. (Capital Goods)   317,519
  100      Mitsubishi Materials Corp. (Materials)   1,971
  153,900      Mitsubishi UFJ Financial Group, Inc. (Banks)   614,196
  13,800      Mitsubishi UFJ Lease & Finance Co. Ltd. (Diversified Financials)   64,120
  4,800      Mitsui & Co. Ltd. (Capital Goods)   82,478
  27,730      Mizuho Financial Group, Inc. (Banks)   346,117
  20,200      MS&AD Insurance Group Holdings, Inc. (Insurance)   544,253
  12,600      Murata Manufacturing Co. Ltd. (Technology Hardware & Equipment)   819,342
  8,200      Nabtesco Corp. (Capital Goods)   297,712
  1,300      NEC Corp. (Software & Services)   76,042
  10,200      NGK Spark Plug Co. Ltd. (Automobiles & Components)   178,095
  400      Nidec Corp. (Capital Goods)   37,511
  5,600      Nikon Corp. (Consumer Durables & Apparel)   37,787
  1,800      Nintendo Co. Ltd. (Media & Entertainment)   1,020,044
  6,600      Nippon Express Co. Ltd. (Transportation)   385,131
  200      Nippon Paint Holdings Co. Ltd. (Materials)   20,589

 

 

 


GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Japan – (continued)

  67      Nippon Prologis REIT, Inc. (REIT)   $       225,942
  11,601      Nisshin Seifun Group, Inc. (Food, Beverage & Tobacco)   184,114
  7,100      Nitto Denko Corp. (Materials)   462,556
  22,900      Nomura Holdings, Inc. (Diversified Financials)   104,651
  3,700      Nomura Real Estate Holdings, Inc. (Real Estate)   70,415
  17,700      Nomura Research Institute Ltd. (Software & Services)   521,168
  50,900      NSK Ltd. (Capital Goods)   389,607
  6,400      NTT DOCOMO, Inc. (Telecommunication Services)   235,175
  2,600      Obic Co. Ltd. (Software & Services)   457,243
  300      Odakyu Electric Railway Co. Ltd. (Transportation)   7,541
  7,400      Olympus Corp. (Health Care Equipment & Services)   153,889
  2,300      Omron Corp. (Technology Hardware & Equipment)   179,828
  3,000      Ono Pharmaceutical Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   94,362
  5,400      Otsuka Corp. (Software & Services)   275,947
  2,400      Otsuka Holdings Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   101,677
  55,400      Panasonic Corp. (Consumer Durables & Apparel)   471,901
  16,100      Park24 Co. Ltd. (Commercial & Professional Services)   261,394
  22,900      Pola Orbis Holdings, Inc. (Household & Personal Products)   431,787
  22,300      Recruit Holdings Co. Ltd. (Commercial & Professional Services)   885,653
  49,100      Resona Holdings, Inc. (Banks)   167,275
  1,000      Ryohin Keikaku Co. Ltd. (Retailing)   16,616
  17,100      Seiko Epson Corp. (Technology Hardware & Equipment)   196,654
  67,800      Seven Bank Ltd. (Banks)   164,317
  6,900      Shimadzu Corp. (Technology Hardware & Equipment)   210,011
  4,400      Shin-Etsu Chemical Co. Ltd. (Materials)   575,759
  4,300      Shiseido Co. Ltd. (Household & Personal Products)   248,927
  166,500      SoftBank Corp. (Telecommunication Services)   1,860,528
  17,500      SoftBank Group Corp. (Telecommunication Services)   1,082,805
  3,800      Sompo Holdings, Inc. (Insurance)   131,188
  7,500      Sony Corp. (Consumer Durables & Apparel)   574,815
  39,100      Subaru Corp. (Automobiles & Components)   759,043

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Japan – (continued)

  22,900      Sumitomo Chemical Co. Ltd. (Materials)   $         75,799
  87,000      Sumitomo Corp. (Capital Goods)   1,048,741
  4,200      Sumitomo Metal Mining Co. Ltd. (Materials)   130,260
  46,600      Sumitomo Mitsui Financial Group, Inc. (Banks)   1,302,974
  300      Sumitomo Mitsui Trust Holdings, Inc. (Banks)   7,981
  4,200      Sysmex Corp. (Health Care Equipment & Services)   401,864
  38,200      Takeda Pharmaceutical Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   1,365,380
  1,000      TDK Corp. (Technology Hardware & Equipment)   109,193
  42,600      Tohoku Electric Power Co., Inc. (Utilities)   426,941
  10,900      Tokio Marine Holdings, Inc. (Insurance)   476,925
  4,800      Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment)   1,254,023
  300      Tokyo Gas Co. Ltd. (Utilities)   6,846
  41,800      Tokyu Fudosan Holdings Corp. (Real Estate)   180,564
  4,600      TOTO Ltd. (Capital Goods)   211,965
  3,800      Toyoda Gosei Co. Ltd. (Automobiles & Components)   87,252
  43,820      Toyota Motor Corp. (Automobiles & Components)   2,908,334
  2,800      Trend Micro, Inc. (Software & Services)   170,628
  57,500      USS Co. Ltd. (Retailing)   1,028,870
  3,000      Yamaha Corp. (Consumer Durables & Apparel)   143,882
  200      Yamato Holdings Co. Ltd. (Transportation)   5,268
  1,900      Yaskawa Electric Corp. (Capital Goods)   74,334
  3,900      ZOZO, Inc. (Retailing)   108,828
    

 

     49,576,414

 

 

 

Luxembourg – 0.0%

  6,342      SES SA FDR (Media & Entertainment)   44,897

 

 

 

Macau – 0.5%

  53,000      Galaxy Entertainment Group Ltd. (Consumer Services)   358,317
  94,000      Sands China Ltd. (Consumer Services)   364,364
  108,800      Wynn Macau Ltd. (Consumer Services)*   174,603
    

 

     897,284

 

 

 

Netherlands – 2.4%

  6,457      ASML Holding NV (Semiconductors & Semiconductor Equipment)(a)   2,384,774
  2,547      Just Eat Takeaway.com NV (Retailing)*(c)   285,128

 

 

 


GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Netherlands – (continued)

  1,708      Koninklijke Ahold Delhaize NV (Food & Staples Retailing)   $         50,485
  1,888      Koninklijke DSM NV (Materials)   310,824
  46,739      Koninklijke KPN NV (Telecommunication Services)   109,665
  41,980      Royal Dutch Shell plc Class A (Energy)(a)   524,773
  86,152      Royal Dutch Shell plc Class B (Energy)   1,044,770
    

 

     4,710,419

 

 

 

New Zealand – 0.6%

  15,114      Fisher & Paykel Healthcare Corp. Ltd. (Health Care Equipment & Services)   333,574
  256,995      Spark New Zealand Ltd. (Telecommunication Services)   801,902
    

 

     1,135,476

 

 

 

Norway – 0.5%

  14,865      DNB ASA (Banks)   207,079
  58      Gjensidige Forsikring ASA (Insurance)   1,177
  9,167      Orkla ASA (Food, Beverage & Tobacco)   92,518
  17,663      Telenor ASA (Telecommunication Services)   296,540
  10,206      Yara International ASA (Materials)   392,724
    

 

     990,038

 

 

 

Portugal – 0.3%

  80,161      EDP - Energias de Portugal SA (Utilities)   394,146
  14,664      Galp Energia SGPS SA (Energy)   136,016
  1,352      Jeronimo Martins SGPS SA (Food & Staples Retailing)   21,741
    

 

     551,903

 

 

 

Russia – 0.2%

  104,182      Evraz plc (Materials)   463,911

 

 

 

Singapore – 1.0%

  2,800      City Developments Ltd. (Real Estate)   15,763
  58,300      DBS Group Holdings Ltd. (Banks)   857,089
  45,600      Keppel Corp. Ltd. (Capital Goods)   149,371
  27,900      Singapore Exchange Ltd. (Diversified Financials)   188,176
  211,200      Singapore Technologies Engineering Ltd. (Capital Goods)   538,205
  121,600      Singapore Telecommunications Ltd. (Telecommunication Services)   190,313
    

 

     1,938,917

 

 

 

South Africa – 0.0%

  2      Anglo American plc (Materials)   48

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Spain – 3.1%

  5,596      ACS Actividades de Construccion y Servicios SA (Capital Goods)   $         126,496
  169      Amadeus IT Group SA (Software & Services)   9,385
  26,583      Enagas SA (Utilities)   613,353
  101,367      Endesa SA (Utilities)(a)   2,711,365
  30,922      Ferrovial SA (Capital Goods)   751,108
  364,241      Mapfre SA (Insurance)   571,444
  8,298      Naturgy Energy Group SA (Utilities)   166,414
  45,811      Red Electrica Corp. SA (Utilities)   859,202
  57,354      Telefonica SA (Telecommunication Services)   196,470
    

 

     6,005,237

 

 

 

Sweden – 1.1%

  4,320      Atlas Copco AB Class A (Capital Goods)   205,972
  11,277      Atlas Copco AB Class B (Capital Goods)   470,634
  2,920      Boliden AB (Materials)   86,638
  8,614      Electrolux ABSeries B (Consumer Durables & Apparel)   200,800
  3,158      EQT AB (Diversified Financials)   61,280
  6,276      Hennes & Mauritz AB Class B (Retailing)   108,123
  2,714      Lundin Energy AB (Energy)   53,821
  247,525      Telia Co. AB (Telecommunication Services)   1,012,682
    

 

     2,199,950

 

 

 

Switzerland – 12.0%

  17,232      ABB Ltd. (Registered) (Capital Goods)   438,104
  17,824      Adecco Group AG (Registered) (Commercial & Professional Services)   940,490
  1,868      Banque Cantonale Vaudoise (Registered) (Banks)   189,567
  46,489      Clariant AG (Registered) (Materials)   917,094
  40,278      Coca-Cola HBC AG (Food, Beverage & Tobacco)   994,578
  358      EMS-Chemie Holding AG (Registered) (Materials)   321,651
  313      Geberit AG (Registered) (Capital Goods)   185,178
  17,849     

LafargeHolcim Ltd. (Registered)

(Materials)*

  812,479
  47,198      Nestle SA (Registered) (Food, Beverage & Tobacco)   5,617,130
  38,853      Novartis AG (Registered) (Pharmaceuticals, Biotechnology & Life Sciences)   3,373,385
  1,163      Partners Group Holding AG (Diversified Financials)   1,069,732
  9,484      Roche Holding AG (Pharmaceuticals, Biotechnology & Life Sciences)   3,248,655

 

 

 


GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Switzerland – (continued)

  349      SGS SA (Registered) (Commercial & Professional Services)   $       935,264
  31,901      STMicroelectronics NV (Semiconductors & Semiconductor Equipment)   978,404
  103      Straumann Holding AG (Registered) (Health Care Equipment & Services)   104,195
  42,706      UBS Group AG (Registered) (Diversified Financials)   477,150
  7,814      Zurich Insurance Group AG (Insurance)   2,724,861
    

 

     23,327,917

 

 

 

United Kingdom – 11.2%

  31,958      AstraZeneca plc ADR (Pharmaceuticals, Biotechnology & Life Sciences)(a)(b)   1,751,298
  255,576      Aviva plc (Insurance)   945,564
  246,432      BAE Systems plc (Capital Goods)   1,530,469
  179,257      Barclays plc (Banks)   226,143
  49,299      BP plc ADR (Energy)(a)   860,761
  39,051      British American Tobacco plc (Food, Beverage & Tobacco)   1,400,811
  2,455      Coca-Cola European Partners plc (Food, Beverage & Tobacco)   95,279
  10,439      Compass Group plc (Consumer Services)   156,812
  13,945      Diageo plc (Food, Beverage & Tobacco)   478,993
  66,686      GlaxoSmithKline plc ADR (Pharmaceuticals, Biotechnology & Life Sciences)(a)   2,510,061
  386,987      HSBC Holdings plc (Banks)(a)   1,513,993
  14,235      Imperial Brands plc (Food, Beverage & Tobacco)   251,440
  133,695      M&G plc (Diversified Financials)   274,801
  40,758      National Grid plc (Utilities)   468,153
  30,474      Persimmon plc (Consumer Durables & Apparel)   971,158
  26,524      Prudential plc (Insurance)   380,575
  1,916      Reckitt Benckiser Group plc (Household & Personal Products)(a)   186,820
  17,073      RELX plc (Commercial & Professional Services)   380,012
  22,052      Segro plc (REIT)   265,011
  42,819      SSE plc (Utilities)   666,442
  9,344      St James’s Place plc (Diversified Financials)   112,412
  57,540      Unilever NV (Household & Personal Products)(a)   3,494,253
  23,892      Unilever plc ADR (Household & Personal Products)(a)(b)   1,473,659
  91,846      Vodafone Group plc ADR (Telecommunication Services)(a)   1,232,573
  7,360      Wm Morrison Supermarkets plc (Food & Staples Retailing)   16,155

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

United Kingdom – (continued)

  2,770      WPP plc (Media & Entertainment)   $          21,756
    

 

     21,665,404

 

 

 
TOTAL INVESTMENTS – 99.4%
(Cost $180,889,517)
  $ 192,694,289

 

 

 

OTHER ASSETS IN EXCESS OF
LIABILITIES – 0.6%

  1,239,474

 

 

 

NET ASSETS – 100.0%

  $ 193,933,763

 

 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
*   Security is currently in default and/or non-income producing.
(a)   All or a portion of security is segregated as collateral for call options written.
(b)   All or a portion of security is segregated as collateral for initial margin requirements on futures transactions.
(c)   Exempt from registration under Rule 144A of the Securities Act of 1933.
(d)   Preference Shares are a special type of equity investment that shares in the earnings of the company, has limited voting rights, and receives a greater dividend than applicable Common Shares.
For information on the mutual funds, please call our toll-free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.GSAMFUNDS.com.

 

 

Investment Abbreviations:
ADR  

— American Depositary Receipt

FDR  

— Fiduciary Depositary Receipt

REIT  

— Real Estate Investment Trust

Currency Abbreviations:
EUR  

— Euro

GBP  

— British Pound

JPY  

— Japanese Yen

 

 


GOLDMAN SACHS INTERNATIONAL EQUITY DIVIDEND AND PREMIUM FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

 

ADDITIONAL INVESTMENT INFORMATION

 

 

FUTURES CONTRACTS — At September 30, 2020, the Fund had the following futures contracts:

 

Description      Number of
Contracts
    

Expiration

Date

     Notional
Amount
       Unrealized
Appreciation/
(Depreciation)
 

 

 

Long position contracts:

 

    

EURO STOXX 50 Index

     18      12/18/2020      $ 674,065        $ (25,467

FTSE 100 Index

     3      12/18/2020        226,127          (6,815

MSCI Singapore Index

     1      10/29/2020        20,710          (83

SPI 200 Index

     1      12/17/2020        103,892          (1,569

TOPIX Index

     2      12/10/2020        308,254          4,798  

 

 

Total Futures Contracts

 

     $ (29,136

 

 

WRITTEN OPTIONS CONTRACTS — At September 30, 2020, the Fund had the following written options contracts:

 

Description   Counterparty   Exercise
Price
    Expiration
Date
 

  Number of  

Contracts

  Notional
Amount
    Value     Premiums
Paid
(Received)
by the
Fund
    Unrealized
Appreciation/
Depreciation
 

 

 

Written options contracts:

 

     

Calls

 

     

EURO STOXX 50 Index

  Morgan Stanley Co., Inc.     3,375 EUR     12/18/2020   865   $ (27,624,727   $ (597,346   $ (1,093,780   $ 496,434  

FTSE 100 Index

      6,125 GBP     12/18/2020   117     (6,863,337     (178,146     (293,636     115,490  

Nikkei 225 Index

      23,500 JPY     12/11/2020   74     (1,715,698,880     (505,191     (554,601     49,410  

 

 

Total written options contracts

  1,056     $ (1,280,683   $ (1,942,017   $ 661,334  

 

 


GOLDMAN SACHS U.S. TAX-MANAGED EQUITY FUND

 

Schedule of Investments

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – 100.0%
 

Automobiles & Components – 1.1%

  164,726      General Motors Co.   $       4,874,242
  21,887      Gentex Corp.   563,590
  28,888      Tesla, Inc.*   12,393,241
    

 

     17,831,073

 

 

 

Banks – 2.6%

  87,484      Associated Banc-Corp.   1,104,048
  42,551      Bancorp, Inc. (The)*   367,641
  258,560      Bank of America Corp.   6,228,710
  144,004      Cadence Bancorp   1,236,994
  186,333      Citigroup, Inc.   8,032,816
  40,193      East West Bancorp, Inc.   1,315,919
  23,131      Essent Group Ltd.   856,078
  40,192      First Bancorp/PR   209,802
  32,891      Independent Bank Group, Inc.   1,453,124
  32,081      International Bancshares Corp.   836,031
  49,088      JPMorgan Chase & Co.   4,725,702
  80,240      MGIC Investment Corp.   710,927
  10,646      National Bank Holdings Corp. Class A   279,458
  5,253      PennyMac Financial Services, Inc.   305,304
  5,054      PNC Financial Services Group, Inc. (The)   555,485
  11,205      Popular, Inc.   406,405
  28,824      Radian Group, Inc.   421,119
  30,371      Signature Bank   2,520,489
  17,309      SVB Financial Group*   4,164,892
  13,919      TriState Capital Holdings, Inc.*   184,288
  29,639      Truist Financial Corp.   1,127,764
  63,332      US Bancorp   2,270,452
  27,264      Walker & Dunlop, Inc.   1,444,992
  78,455      Western Alliance Bancorp   2,480,747
    

 

     43,239,187

 

 

 

Capital Goods – 4.5%

  5,761      AGCO Corp.   427,869
  14,624      Allison Transmission Holdings, Inc.   513,887
  29,624      AMETEK, Inc.   2,944,626
  32,308      Emerson Electric Co.   2,118,435
  13,565      Fortive Corp.   1,033,789
  10,402      H&E Equipment Services, Inc.   204,503
  41,574      HD Supply Holdings, Inc.*   1,714,512
  65,250      Hexcel Corp.   2,189,137
  6,443      Honeywell International, Inc.   1,060,582
  97,597      Illinois Tool Works, Inc.   18,856,716
  96,928      Johnson Controls International plc   3,959,509
  26,377      L3Harris Technologies, Inc.   4,479,870
  12,408      Lockheed Martin Corp.   4,755,738
  235,811      Masco Corp.   13,000,260
  25,746      Navistar International Corp.*   1,120,981
  149,820      Raytheon Technologies Corp.   8,620,643
  1,370      RBC Bearings, Inc.*   166,058
  31,103      Rush Enterprises, Inc. Class A   1,571,946
  4,685      Simpson Manufacturing Co., Inc.   455,195
  30,166      Snap-on, Inc.   4,438,324
  2,989      Teledyne Technologies, Inc.*   927,218
    

 

     74,559,798

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Commercial & Professional Services – 1.2%

  11,341      Cimpress plc*(a)   $          852,390
  29,156      Cintas Corp.   9,703,991
  4,648      Clean Harbors, Inc.*   260,427
  40,870      CoreLogic, Inc.   2,765,673
  7,128      CoStar Group, Inc.*   6,048,179
  10,024      IAA, Inc.*   521,950
  13,972      KAR Auction Services, Inc.   201,197
    

 

     20,353,807

 

 

 

Consumer Durables & Apparel – 0.8%

  27,507      DR Horton, Inc.   2,080,354
  32,262      G-III Apparel Group Ltd.*   422,955
  38,036      Hanesbrands, Inc.   599,067
  130      NVR, Inc.*   530,806
  105,243      PulteGroup, Inc.   4,871,699
  5,701      Skechers USA, Inc. Class A*   172,284
  12,109      Whirlpool Corp.   2,226,724
  39,938      YETI Holdings, Inc.*   1,809,990
    

 

     12,713,879

 

 

 

Consumer Services – 4.1%

  18,628      Chipotle Mexican Grill, Inc.*   23,167,830
  5,090      Collectors Universe, Inc.   251,904
  36,282      Domino’s Pizza, Inc.   15,430,009
  33,403      frontdoor, Inc.*   1,299,711
  2,845      Graham Holdings Co. Class B   1,149,693
  161,586      International Game Technology plc   1,798,452
  62,232      Red Rock Resorts, Inc. Class A   1,064,167
  120,822      ServiceMaster Global Holdings, Inc.*   4,818,381
  102,575      Wingstop, Inc.   14,016,874
  49,027      Yum China Holdings, Inc.   2,595,980
  25,926      Yum! Brands, Inc.   2,367,044
    

 

     67,960,045

 

 

 

Diversified Financials – 5.3%

  90,429      Ally Financial, Inc.   2,267,055
  38,603      Berkshire Hathaway, Inc. Class B*   8,220,123
  25,114      CME Group, Inc.   4,201,823
  96,351      Discover Financial Services   5,567,161
  107,778      E*TRADE Financial Corp.   5,394,289
  19,961      Interactive Brokers Group, Inc. Class A   964,715
  35,277      Jefferies Financial Group, Inc.   634,986
  98,828      Ladder Capital Corp. (REIT)   703,655
  622      LendingTree, Inc.*   190,886
  1,859      LPL Financial Holdings, Inc.   142,529
  4,946      MarketAxess Holdings, Inc.   2,381,944
  70,299      Navient Corp.   594,027
  29,824      PennyMac Mortgage Investment Trust (REIT)   479,272
  62,760      S&P Global, Inc.   22,631,256
  267,593      Starwood Property Trust, Inc. (REIT)   4,037,978
  490,040      Synchrony Financial   12,824,347
  56,882      TPG RE Finance Trust, Inc. (REIT)   481,222
  333,356      Voya Financial, Inc.   15,977,753
    

 

     87,695,021

 

 

 


GOLDMAN SACHS U.S. TAX-MANAGED EQUITY FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Energy – 1.1%

  8,224      Cactus, Inc. Class A   $          157,819
  38,680      Chevron Corp.   2,784,960
  7,426      Core Laboratories NV   113,321
  52,235      EOG Resources, Inc.   1,877,326
  35,852      HollyFrontier Corp.   706,643
  34,116      Marathon Petroleum Corp.   1,000,963
  61,078      Matador Resources Co.*   504,504
  8,760      ONEOK, Inc.   227,585
  45,653      Pioneer Natural Resources Co.   3,925,701
  25,139      Renewable Energy Group, Inc.*   1,342,925
  103,628      Targa Resources Corp.   1,453,901
  81,900      TechnipFMC plc   516,789
  156,754      Williams Cos., Inc. (The)   3,080,216
    

 

     17,692,653

 

 

 

Food & Staples Retailing – 1.3%

  11,583      Casey’s General Stores, Inc.   2,057,720
  54,212      Costco Wholesale Corp.   19,245,260
  2,725      Walmart, Inc.   381,255
    

 

     21,684,235

 

 

 

Food, Beverage & Tobacco – 2.0%

  67,273      Archer-Daniels-Midland Co.   3,127,522
  7,580      Constellation Brands, Inc. Class A   1,436,486
  51,135      Darling Ingredients, Inc.*   1,842,394
  11,453      Freshpet, Inc.*   1,278,728
  35,242      Lamb Weston Holdings, Inc.   2,335,487
  9,833      Lancaster Colony Corp.   1,758,140
  213,411      Monster Beverage Corp.*   17,115,562
  52,541      Tyson Foods, Inc. Class A   3,125,139
    

 

     32,019,458

 

 

 

Health Care Equipment & Services – 6.8%

  3,020      Abbott Laboratories   328,667
  6,191      ABIOMED, Inc.*   1,715,278
  730      Align Technology, Inc.*   238,973
  53,424      Anthem, Inc.   14,349,152
  1,859      Chemed Corp.   892,971
  21,748      Cigna Corp.   3,684,329
  19,093      Dentsply Sirona, Inc.   834,937
  72,981      Edwards Lifesciences Corp.*   5,825,343
  145,456      HCA Healthcare, Inc.   18,135,454
  13,051      Henry Schein, Inc.*   767,138
  45,700      Hologic, Inc.*   3,037,679
  34,579      Humana, Inc.   14,311,902
  19,999      IDEXX Laboratories, Inc.*   7,861,807
  17,371      McKesson Corp.   2,587,063
  6,269      Molina Healthcare, Inc.*   1,147,478
  4,621      Quidel Corp.*   1,013,755
  1,283      STERIS plc   226,052
  9,035      Teladoc Health, Inc.*(a)   1,980,833
  943      Teleflex, Inc.   321,016
  47,957      UnitedHealth Group, Inc.   14,951,554
  52,873      Universal Health Services, Inc. Class B   5,658,468
  46,257      West Pharmaceutical Services, Inc.   12,716,049
    

 

     112,585,898

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Household & Personal Products – 1.4%

  15,887      Church & Dwight Co., Inc.   $       1,488,771
  135,610      Herbalife Nutrition Ltd.*   6,326,207
  110,150      Procter & Gamble Co. (The)   15,309,748
    

 

     23,124,726

 

 

 

Insurance – 1.7%

  79,383      American Equity Investment Life Holding Co.   1,745,632
  35,396      American Financial Group, Inc.   2,370,824
  7,842      Arch Capital Group Ltd.*   229,378
  59,191      Brighthouse Financial, Inc.*   1,592,830
  101,122      Fidelity National Financial, Inc.   3,166,130
  59,600      First American Financial Corp.   3,034,236
  22,700      Globe Life, Inc.   1,813,730
  9,425      Goosehead Insurance, Inc. Class A   816,111
  15,650      Marsh & McLennan Cos., Inc.   1,795,055
  33,874      Primerica, Inc.   3,832,504
  17,273      Reinsurance Group of America, Inc.   1,644,217
  75,315      Trupanion, Inc.*   5,942,354
    

 

     27,983,001

 

 

 

Materials – 3.6%

  4,937      Air Products and Chemicals, Inc.   1,470,535
  301,226      Amcor plc   3,328,547
  78,720      Avient Corp.   2,082,931
  319,536      Axalta Coating Systems Ltd.*   7,084,113
  98,594      CF Industries Holdings, Inc.   3,027,822
  53,802      Corteva, Inc.   1,550,036
  2,903      Crown Holdings, Inc.*   223,125
  8,601      Dow, Inc.   404,677
  71,308      Element Solutions, Inc.*   749,447
  85,354      Graphic Packaging Holding Co.   1,202,638
  16,346      Ingevity Corp.*   808,146
  191,930      Louisiana-Pacific Corp.   5,663,854
  65,745      Mosaic Co. (The)   1,201,161
  56,853      Olin Corp.   703,840
  19,665      Royal Gold, Inc.   2,363,143
  38,987      Sherwin-Williams Co. (The)   27,163,802
  6,280      Southern Copper Corp.   284,296
  35,299      Summit Materials, Inc. Class A*   583,846
    

 

     59,895,959

 

 

 

Media & Entertainment – 8.6%

  4,764      Activision Blizzard, Inc.   385,646
  16,330      Alphabet, Inc. Class A*   23,933,248
  15,750      Alphabet, Inc. Class C*   23,146,200
  12,147      Cardlytics, Inc.*   857,214
  94,443      Comcast Corp. Class A   4,368,933
  57,079      Electronic Arts, Inc.*   7,443,672
  4,968      EverQuote, Inc. Class A*   191,964
  106,950      Facebook, Inc. Class A*   28,010,205
  28,637      Liberty Broadband Corp. Class C*   4,091,368
  22,013      Lions Gate Entertainment Corp. Class B*   191,953
  17,336      Netflix, Inc.*   8,668,520
  26,985      Omnicom Group, Inc.   1,335,758
  237,143      Pinterest, Inc. Class A*   9,843,806
  11,855      Roku, Inc.*   2,238,224
  11,879      Spotify Technology SA*   2,881,489
  53,667      Take-Two Interactive Software, Inc.*   8,866,862
  1,618,527      Zynga, Inc. Class A*   14,760,966
    

 

     141,216,028

 

 

 


GOLDMAN SACHS U.S. TAX-MANAGED EQUITY FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Pharmaceuticals, Biotechnology & Life Sciences – 10.7%

  296,208      AbbVie, Inc.   $     25,944,859
  60,659      Alexion Pharmaceuticals, Inc.*   6,941,209
  16,914      Biogen, Inc.*   4,798,164
  7,726      Bluebird Bio, Inc.*   416,818
  102,157      Elanco Animal Health, Inc.*   2,853,245
  259,726      Horizon Therapeutics plc*   20,175,516
  25,392      Illumina, Inc.*   7,848,159
  2,455      Incyte Corp.*   220,312
  23,213      Innoviva, Inc.*   242,576
  7,809      IQVIA Holdings, Inc.*   1,230,933
  42,765      Jazz Pharmaceuticals plc*   6,097,861
  88,523      Johnson & Johnson   13,179,304
  48,751      Merck & Co., Inc.   4,043,895
  8,672      Mettler-Toledo International, Inc.*   8,374,984
  483,891      Mylan NV*   7,176,104
  117,248      PerkinElmer, Inc.   14,715,796
  6,218      Perrigo Co. plc   285,468
  128,361      Pfizer, Inc.   4,710,849
  22,821      Regeneron Pharmaceuticals, Inc.*   12,774,739
  8,738      Sage Therapeutics, Inc.*   534,067
  5,272      Sarepta Therapeutics, Inc.*   740,347
  3,494      Thermo Fisher Scientific, Inc.   1,542,671
  6,486      Twist Bioscience Corp.*   492,741
  72,037      Vertex Pharmaceuticals, Inc.*   19,602,708
  64,054      Zoetis, Inc.   10,592,610
    

 

     175,535,935

 

 

 

Real Estate Investment Trusts – 6.0%

  13,961      American Campus Communities, Inc.   487,518
  5,689      American Tower Corp.   1,375,202
  23,608      Brandywine Realty Trust   244,107
  34,316      Brixmor Property Group, Inc.   401,154
  24,905      Camden Property Trust   2,216,047
  20,365      CoreSite Realty Corp.   2,420,991
  7,029      Corporate Office Properties Trust   166,728
  65,457      CubeSmart   2,114,916
  13,665      CyrusOne, Inc.   956,960
  257,053      Duke Realty Corp.   9,485,256
  78,936      Equity LifeStyle Properties, Inc.   4,838,777
  3,161      Essex Property Trust, Inc.   634,697
  249,899      First Industrial Realty Trust, Inc.   9,945,980
  6,416      Gaming and Leisure Properties, Inc.   236,943
  476,005      Invitation Homes, Inc.   13,323,380

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Real Estate Investment Trusts – (continued)

  46,607      Lamar Advertising Co. Class A   $    3,083,985
  60,996      Mid-America Apartment Communities, Inc.   7,072,486
  47,187      Outfront Media, Inc.   686,571
  7,273      PotlatchDeltic Corp.   306,193
  3,931      PS Business Parks, Inc.   481,115
  20,916      QTS Realty Trust, Inc. Class A   1,318,126
  36,344      Retail Opportunity Investments Corp.   378,523
  93,086      Rexford Industrial Realty, Inc.   4,259,615
  96,618      Sabra Health Care REIT, Inc.   1,331,879
  50,073      SBA Communications Corp.   15,947,249
  152,293      SITE Centers Corp.   1,096,510
  43,352      STORE Capital Corp.   1,189,145
  39,338      Sun Communities, Inc.   5,531,316
  14,722      Terreno Realty Corp.   806,177
  45,708      Ventas, Inc.   1,917,908
  758,470      VEREIT, Inc.   4,930,198
    

 

     99,185,652

 

 

 

Retailing – 9.4%

  24,763      Amazon.com, Inc.*   77,972,001
  1,486      Asbury Automotive Group, Inc.*   144,811
  8,493      AutoNation, Inc.*   449,534
  2,286      AutoZone, Inc.*   2,692,085
  123,268      Dick’s Sporting Goods, Inc.   7,134,752
  24,580      Dollar General Corp.   5,152,460
  34,974      eBay, Inc.   1,822,145
  34,609      Home Depot, Inc. (The)   9,611,265
  108,585      Lowe’s Cos., Inc.   18,009,908
  1,541      MercadoLibre, Inc.*   1,668,102
  34,301      Murphy USA, Inc.*   4,399,789
  1,394      O’Reilly Automotive, Inc.*   642,746
  8,426      Penske Automotive Group, Inc.   401,583
  843      Stamps.com, Inc.*   203,121
  149,794      Target Corp.   23,580,571
    

 

     153,884,873

 

 

 

Semiconductors & Semiconductor Equipment – 4.0%

  218,165      Applied Materials, Inc.   12,969,909
  15,046      Inphi Corp.*   1,688,913
  31,784      Intel Corp.   1,645,775
  15,650      Lam Research Corp.   5,191,887
  61,648      NVIDIA Corp.   33,365,131
  13,204      Power Integrations, Inc.   731,502
  11,970      QUALCOMM, Inc.   1,408,630
  2,395      Teradyne, Inc.   190,307
  63,128      Texas Instruments, Inc.   9,014,047
    

 

     66,206,101

 

 

 


GOLDMAN SACHS U.S. TAX-MANAGED EQUITY FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Software & Services – 13.4%

  44,829      Adobe, Inc.*   $     21,985,487
  40,860      Black Knight, Inc.*   3,556,863
  21,888      Cadence Design Systems, Inc.*   2,333,917
  17,268      Citrix Systems, Inc.   2,377,976
  95,022      Cognizant Technology Solutions Corp. Class A   6,596,427
  5,074      EPAM Systems, Inc.*   1,640,323
  16,958      Fastly, Inc. Class A*   1,588,625
  20,345      FireEye, Inc.*   251,159
  7,263      FleetCor Technologies, Inc.*   1,729,320
  79,080      Fortinet, Inc.*   9,316,415
  8,663      Gartner, Inc.*   1,082,442
  63,133      International Business Machines Corp.   7,681,392
  3,182      Intuit, Inc.   1,038,000
  373,480      Microsoft Corp.   78,554,048
  37,008      Okta, Inc.*   7,914,161
  75,324      Oracle Corp.   4,496,843
  6,494      Palo Alto Networks, Inc.*   1,589,407
  169,376      PayPal Holdings, Inc.*   33,372,153
  5,663      Perficient, Inc.*   242,037
  25,756      Perspecta, Inc.   500,954
  5,399      ServiceNow, Inc.*   2,618,515
  1,609      Square, Inc. Class A*   261,543
  14,865      Twilio, Inc. Class A*   3,672,993
  37,114      VeriSign, Inc.*   7,602,803
  9,615      Visa, Inc. Class A   1,922,712
  78,001      Western Union Co. (The)   1,671,561
  27,322      Workday, Inc. Class A*   5,877,782
  4,250      Zoom Video Communications, Inc. Class A*   1,997,968
  43,289      Zscaler, Inc.*   6,090,329
    

 

     219,564,155

 

 

 

Technology Hardware & Equipment – 7.0%

  842,445      Apple, Inc.   97,563,555
  1,620      Arista Networks, Inc.*   335,227
  24,727      Cisco Systems, Inc.   973,997
  111,321     

Keysight Technologies, Inc.*

10,996,288

  6,357      National Instruments Corp.   226,945
  42,942      NetApp, Inc.   1,882,577
  5,934      SYNNEX Corp.   831,116
  135,115      TTM Technologies, Inc.*   1,541,662
    

 

     114,351,367

 

 

 

Telecommunication Services – 0.1%

  39,101      Cogent Communications Holdings, Inc.   2,348,015

 

 

 

Transportation – 2.1%

  31,353      CSX Corp.   2,435,188
  18,420      Norfolk Southern Corp.   3,941,696
  50,365      Old Dominion Freight Line, Inc.   9,112,036
  42,301      Ryder System, Inc.   1,786,794
  61,767      Union Pacific Corp.   12,160,069
  28,238      United Parcel Service, Inc. Class B   4,705,298
    

 

     34,141,081

 

 

 

Utilities – 1.2%

  43,619      CMS Energy Corp.   2,678,643
  35,130      DTE Energy Co.   4,041,355
  38,413      Entergy Corp.   3,784,833
  112,386      MDU Resources Group, Inc.   2,528,685

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Utilities – (continued)

  68,737      NRG Energy, Inc.   $       2,112,976
  50,963      Public Service Enterprise Group, Inc.   2,798,378
  85,592      Vistra Corp.   1,614,265
    

 

     19,559,135

 

 

 


TOTAL INVESTMENTS BEFORE SECURITIES

LENDING REINVESTMENT VEHICLE
(Cost $986,651,818)

  $1,645,331,082

 

 

 

  Securities Lending Reinvestment Vehicle(b) 0.1%
 

Goldman Sachs Financial Square Government Fund — Institutional
Shares

  2,112,125      0.027%   $       2,112,125
 

(Cost $2,112,125)

 

 

 

 
TOTAL INVESTMENTS – 100.1%
(Cost $988,763,943)
  $1,647,443,207

 

 

 

LIABILITIES IN EXCESS OF
OTHER ASSETS – (0.1)%

  (2,160,375)

 

 

  NET ASSETS – 100.0%   $1,645,282,832

 

 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
*   Security is currently in default and/or non-income producing.
(a)   All or a portion of security is on loan.
(b)   Represents an Affiliated Issuer.
For information on the mutual funds, please call our toll-free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.GSAMFUNDS.com.

 

 

Investment Abbreviation:
REIT  

— Real Estate Investment Trust

 

 


GOLDMAN SACHS INTERNATIONAL TAX-MANAGED EQUITY FUND

 

Schedule of Investments

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – 100.0%
 

Australia – 10.3%

  95,967      Adairs Ltd. (Retailing)   $       226,518
  80,226      ASX Ltd. (Diversified Financials)   4,690,466
  552,701      Aurizon Holdings Ltd. (Transportation)   1,700,314
  327,751      BHP Group plc (Materials)   6,992,291
  415,823      Brambles Ltd. (Commercial & Professional Services)   3,157,361
  167,225      Commonwealth Bank of Australia (Banks)   7,695,074
  624,018      Evolution Mining Ltd. (Materials)   2,606,796
  529,688      Fortescue Metals Group Ltd. (Materials)   6,222,790
  300,778      Goodman Group (REIT)   3,894,303
  297,507      Harvey Norman Holdings Ltd. (Retailing)   968,311
  51,179      JB Hi-Fi Ltd. (Retailing)   1,740,086
  66,874      Magellan Financial Group Ltd. (Diversified Financials)   2,758,151
  25,008      Newcrest Mining Ltd. (Materials)   567,080
  9,078      Premier Investments Ltd. (Retailing)   134,948
  1,699      REA Group Ltd. (Media & Entertainment)   135,289
  320,184      Regis Resources Ltd. (Materials)   1,163,944
  70,006      Rio Tinto Ltd. (Materials)   4,781,508
  124,163      Rio Tinto plc ADR (Materials)(a)   7,498,204
  151,209      Santos Ltd. (Energy)   534,643
  193,408      Sonic Healthcare Ltd. (Health Care Equipment & Services)   4,592,897
  177,657      Wesfarmers Ltd. (Retailing)   5,678,676
    

 

     67,739,650

 

 

 

Belgium – 0.3%

  14,673      D’ieteren SA/NV (Retailing)   912,303
  1,427      UCB SA (Pharmaceuticals, Biotechnology & Life Sciences)   162,070
  25,294      Warehouses De Pauw CVA (REIT)   920,477
    

 

     1,994,850

 

 

 

China – 1.0%

  40,000      Alibaba Health Information Technology Ltd. (Health Care Equipment & Services)*   98,363
  663,000      China Mengniu Dairy Co. Ltd. (Food, Beverage & Tobacco)*   3,127,202
  229,500      ENN Energy Holdings Ltd. (Utilities)   2,518,361
  640,000      Tingyi Cayman Islands Holding Corp. (Food, Beverage & Tobacco)   1,133,245
    

 

     6,877,171

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Denmark – 3.3%

  11,438      DSV PANALPINA A/S (Transportation)   $    1,855,280
  168,695      Novo Nordisk A/S Class B (Pharmaceuticals, Biotechnology & Life Sciences)   11,687,963
  9,175      Novozymes A/S Class B (Materials)   576,671
  10,594      Scandinavian Tobacco Group A/S Class A (Food, Beverage & Tobacco)(b)   156,899
  47,294      Vestas Wind Systems A/S (Capital Goods)   7,643,019
    

 

     21,919,832

 

 

 

Finland – 1.5%

  129,864      Neste OYJ (Energy)   6,838,604
  578,994      Nokia OYJ (Technology Hardware & Equipment)*   2,266,101
  11,349      Tokmanni Group Corp. (Retailing)   200,390
  33,656      Valmet OYJ (Capital Goods)   830,197
    

 

     10,135,292

 

 

 

France – 6.7%

  3,049      Albioma SA (Utilities)   158,545
  6,168      Alstom SA (Capital Goods)*   308,110
  29,426      Bouygues SA (Capital Goods)   1,016,855
  5,714      Christian Dior SE (Consumer Durables & Apparel)   2,343,736
  2,146      Gaztransport Et Technigaz SA (Energy)   204,648
  18,346      Gecina SA (REIT)   2,418,475
  127      Hermes International (Consumer Durables & Apparel)   109,379
  51,710      Legrand SA (Capital Goods)   4,118,667
  38,375      Rexel SA (Capital Goods)*   481,147
  13,049      Safran SA (Capital Goods)*   1,283,854
  71,634      Sanofi (Pharmaceuticals, Biotechnology & Life Sciences)   7,178,575
  18,483      Sartorius Stedim Biotech (Pharmaceuticals, Biotechnology & Life Sciences)   6,384,098
  74,570      Schneider Electric SE (Capital Goods)   9,268,971
  9,249      Teleperformance (Commercial & Professional Services)   2,851,487
  206,930      Vivendi SA (Media & Entertainment)   5,779,323
    

 

     43,905,870

 

 

 

Germany – 7.5%

  39,407      Allianz SE (Registered) (Insurance)   7,563,379
  26,951      Aurubis AG (Materials)   1,833,481
  38,748      Deutsche Boerse AG (Diversified Financials)   6,793,313
  154,330      Deutsche Post AG (Registered) (Transportation)   7,002,812
  1,676      Deutsche Wohnen SE (Real Estate)   83,765

 

 

 


GOLDMAN SACHS INTERNATIONAL TAX-MANAGED EQUITY FUND

 

Schedule of Investments (continued)

September 30, 2020 (Unaudited)

 

Shares      Description   Value
  Common Stocks – (continued)
 

Germany – (continued)

  16,737      DWS Group GmbH & Co. KGaA (Diversified Financials)*(b)   $       576,827
  1,171      Gerresheimer AG (Pharmaceuticals, Biotechnology & Life Sciences)   131,047
  24,549      Henkel AG & Co. KGaA (Preference) (Household & Personal Products)(c)   2,567,494
  6,080      Hornbach Holding AG & Co. KGaA (Retailing)   709,998
  36,144      Nemetschek SE (Software & Services)   2,641,811
  23,869      Porsche Automobil Holding SE (Preference) (Automobiles & Components)*,(c)   1,420,015
  53,087      Scout24 AG (Media & Entertainment)(b)   4,630,623
  80,448      Siemens AG (Registered) (Capital Goods)   10,159,706
  40,224      Siemens Energy AG (Utilities)*   1,084,694
  8,161      Siltronic AG (Semiconductors & Semiconductor Equipment)   731,156
  8,714      Volkswagen AG (Preference) (Automobiles & Components)(c)   1,402,181
    

 

     49,332,302

 

 

 

Hong Kong – 0.6%

  36,000      CLP Holdings Ltd. (Utilities)   336,141
  70,800      Hong Kong Exchanges & Clearing Ltd. (Diversified Financials)   3,332,803
  354,800      Man Wah Holdings Ltd. (Consumer Durables & Apparel)   475,202
    

 

     4,144,146

 

 

 

Israel – 0.6%

  190,911      Plus500 Ltd. (Diversified Financials)   3,859,124

 

 

 

Italy – 3.8%

  159,727      Azimut Holding SpA (Diversified Financials)   2,884,180
  17,152      Banca Generali SpA (Diversified Financials)   521,652
  29,081      Buzzi Unicem SpA (Materials)   675,655
  778,950      Enel SpA (Utilities)   6,758,104
  28,470      Ferrari NV (Automobiles & Components)   5,224,785
  1,638,249      Intesa Sanpaolo SpA (Banks)   3,082,234
  83,698      Poste Italiane SpA (Insurance)(b)   741,715
  182,792      Prysmian SpA (Capital Goods)   5,306,026
    

 

     25,194,351

 

 

 

Japan – 28.5%

  43,400      AGC, Inc. (Capital Goods)   1,275,502
  17,400      Alps Alpine Co. Ltd. (Technology Hardware & Equipment)   234,545
  2,100      Arata Corp. (Retailing)   104,820

 

 

Shares      Description   Value
  Common Stocks – (continued)
 

Japan – (continued)

  10,300      Arcs Co. Ltd. (Food & Staples Retailing)   $       264,434
  77,100      Asahi Kasei Corp. (Materials)   672,592
  199,400      Astellas Pharma, Inc. (Pharmaceuticals, Biotechnology & Life Sciences)   2,972,375
  67,000      Autobacs Seven Co. Ltd. (Retailing)   872,679
  2,800      BayCurrent Consulting, Inc. (Commercial & Professional Services)   390,561
  76,100      Benesse Holdings, Inc. (Consumer Services)   1,958,731
  76,200      Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals, Biotechnology & Life Sciences)   3,419,512
  3,300      Create SD Holdings Co. Ltd. (Food & Staples Retailing)   115,782
  12,700      Daicel Corp. (Materials)   91,536
  323,400      Dai-ichi Life Holdings, Inc. (Insurance)   4,563,288
  4,900      Daikin Industries Ltd. (Capital Goods)   905,394
  252,400      DCM Holdings Co. Ltd. (Retailing)   3,477,578
  7,000      Denka Co. Ltd. (Materials)   213,143
  51,300      Dentsu Group, Inc. (Media & Entertainment)   1,514,197
  20,600      Doshisha Co. Ltd. (Retailing)   414,631
  1,200      Earth Corp. (Household & Personal Products)   89,379
  30,100      EDION Corp. (Retailing)   315,349
  10,800      FANUC Corp. (Capital Goods)   2,072,688
  3,600      FP Corp. (Materials)   151,631
  54,000      Fujitsu Ltd. (Software & Services)   7,377,354
  8,800      Furyu Corp. (Consumer Durables & Apparel)   100,006
  5,600      Glory Ltd. (Capital Goods)   125,561
  48,000      Gumi, Inc. (Media & Entertainment)   444,712
  7,500      Hikari Tsushin, Inc. (Retailing)   1,789,416
  4,000      Hitachi Capital Corp. (Diversified Financials)   94,053
  112,100      Hitachi Ltd. (Technology Hardware & Equipment)   3,795,645
  45,300      Hitachi Metals Ltd. (Materials)   698,530
  5,600      Hitachi Transport System Ltd. (Transportation)   177,389
  242,000      Honda Motor Co. Ltd. (Automobiles & Components)   5,746,843
  11,300      Hulic Co. Ltd. (Real Estate)   106,030
  3,100      Ibiden Co. Ltd. (Technology Hardware & Equipment)   105,639
  106,500      ITOCHU Corp. (Capital Goods)   2,727,022
  62,000      Izumi Co. Ltd. (Retailing)   2,260,766
  270,900      Japan Tobacco, Inc. (Food, Beverage & Tobacco)   4,942,242
  33,400