GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – 99.6% | ||||||
Communication Services – 8.3% | ||||||
25,107 | Activision Blizzard, Inc. | $ 1,955,333 | ||||
9,934 | Alphabet, Inc., Class A* | 22,602,234 | ||||
8,947 | Alphabet, Inc., Class C* | 20,406,139 | ||||
17,069 | AMC Entertainment Holdings, Inc., Class A* | 244,769 | ||||
235,436 | AT&T, Inc. | 5,012,432 | ||||
2,832 | Bumble, Inc., Class A* | 80,712 | ||||
194 | Cable One, Inc. | 252,801 | ||||
3,850 | Charter Communications, Inc., Class A* | 1,951,680 | ||||
148,842 | Comcast Corp., Class A | 6,590,724 | ||||
8,273 | DISH Network Corp., Class A* | 188,873 | ||||
9,265 | Electronic Arts, Inc. | 1,284,592 | ||||
3,413 | Endeavor Group Holdings, Inc., Class A* | 77,543 | ||||
10,408 | Fox Corp., Class A | 369,588 | ||||
4,798 | Fox Corp., Class B | 156,943 | ||||
8,038 | Frontier Communications Parent, Inc.* | 208,425 | ||||
2,575 | IAC/InterActiveCorp* | 219,647 | ||||
12,919 | Interpublic Group of Cos., Inc. (The) | 416,379 | ||||
681 | Liberty Broadband Corp., Class A* | 83,089 | ||||
4,419 | Liberty Broadband Corp., Class C* | 553,126 | ||||
792 | Liberty Media Corp.-Liberty Formula One, Class A* | 45,160 | ||||
6,496 | Liberty Media Corp.-Liberty Formula One, Class C* | 404,636 | ||||
2,534 | Liberty Media Corp.-Liberty SiriusXM, Class A* | 104,680 | ||||
5,072 | Liberty Media Corp.-Liberty SiriusXM, Class C* | 208,459 | ||||
4,973 | Live Nation Entertainment, Inc.* | 472,684 | ||||
33,828 | Lumen Technologies, Inc. | 414,055 | ||||
8,884 | Match Group, Inc.* | 699,882 | ||||
75,872 | Meta Platforms, Inc., Class A* | 14,691,854 | ||||
14,485 | Netflix, Inc.* | 2,859,918 | ||||
5,376 | New York Times Co. (The), Class A | 185,418 | ||||
12,524 | News Corp., Class A | 217,918 | ||||
2,470 | News Corp., Class B | 43,423 | ||||
1,298 | Nexstar Media Group, Inc., Class A | 227,436 | ||||
6,767 | Omnicom Group, Inc. | 504,886 | ||||
304 | Paramount Global, Class A | 11,205 | ||||
18,991 | Paramount Global, Class B | 651,961 | ||||
18,721 | Pinterest, Inc., Class A* | 367,868 | ||||
4,877 | Playtika Holding Corp.* | 72,228 | ||||
9,788 | ROBLOX Corp., Class A* | 293,053 | ||||
3,933 | Roku, Inc.* | 373,242 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Communication Services – (continued) | ||||||
24,129 | Sirius XM Holdings, Inc. | $ 154,426 | ||||
36,237 | Snap, Inc., Class A* | 511,304 | ||||
3,925 | Spotify Technology SA* | 442,622 | ||||
3,773 | Take-Two Interactive Software, Inc.* | 469,852 | ||||
21,506 | T-Mobile US, Inc.* | 2,866,535 | ||||
23,175 | Twitter, Inc.* | 917,730 | ||||
139,018 | Verizon Communications, Inc. | 7,130,233 | ||||
60,251 | Walt Disney Co. (The)* | 6,654,120 | ||||
72,391 | Warner Bros Discovery, Inc.* | 1,335,614 | ||||
3,898 | Warner Music Group Corp., Class A | 115,732 | ||||
1,490 | Ziff Davis, Inc.* | 113,747 | ||||
9,072 | ZoomInfo Technologies, Inc.* | 366,418 | ||||
| ||||||
106,583,328 | ||||||
|
| |||||
Consumer Discretionary – 11.0% | ||||||
6,508 | ADT, Inc. | 48,680 | ||||
2,013 | Advance Auto Parts, Inc. | 382,188 | ||||
11,104 | Airbnb, Inc., Class A* | 1,342,140 | ||||
14,512 | Amazon.com, Inc.* | 34,889,605 | ||||
8,912 | Aptiv PLC* | 946,811 | ||||
8,366 | Aramark | 288,376 | ||||
2,893 | Autoliv, Inc. (Sweden) | 231,671 | ||||
1,609 | AutoNation, Inc.* | 192,372 | ||||
654 | AutoZone, Inc.* | 1,347,011 | ||||
7,433 | Bath & Body Works, Inc. | 304,902 | ||||
6,591 | Best Buy Co., Inc. | 540,857 | ||||
1,350 | Booking Holdings, Inc.* | 3,028,806 | ||||
7,905 | BorgWarner, Inc. | 318,730 | ||||
2,626 | Boyd Gaming Corp. | 154,330 | ||||
1,938 | Bright Horizons Family Solutions, Inc.* | 175,486 | ||||
2,515 | Brunswick Corp. | 189,203 | ||||
2,181 | Burlington Stores, Inc.* | 367,062 | ||||
6,779 | Caesars Entertainment, Inc.* | 340,102 | ||||
4,788 | Capri Holdings Ltd.* | 233,367 | ||||
5,335 | CarMax, Inc.* | 529,605 | ||||
28,581 | Carnival Corp.* | 396,704 | ||||
2,931 | Carvana Co.* | 86,289 | ||||
4,318 | Chegg, Inc.* | 84,028 | ||||
2,865 | Chewy, Inc., Class A* | 71,052 | ||||
884 | Chipotle Mexican Grill, Inc.* | 1,239,854 | ||||
1,170 | Choice Hotels International, Inc. | 149,631 | ||||
1,131 | Churchill Downs, Inc. | 228,948 | ||||
1,147 | Columbia Sportswear Co. | 89,214 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Consumer Discretionary – (continued) | ||||||
26,577 | Coupang, Inc. (South Korea)* | $ 359,055 | ||||
1,951 | Crocs, Inc.* | 108,788 | ||||
4,113 | Darden Restaurants, Inc. | 514,125 | ||||
890 | Deckers Outdoor Corp.* | 239,018 | ||||
1,764 | Dick’s Sporting Goods, Inc. | 143,290 | ||||
7,555 | Dollar General Corp. | 1,664,669 | ||||
7,353 | Dollar Tree, Inc.* | 1,178,907 | ||||
1,185 | Domino’s Pizza, Inc. | 430,356 | ||||
6,415 | DoorDash, Inc., Class A* | 493,378 | ||||
10,854 | D.R. Horton, Inc. | 815,678 | ||||
10,436 | DraftKings, Inc., Class A* | 141,408 | ||||
962 | Dutch Bros, Inc., Class A* | 36,123 | ||||
18,637 | eBay, Inc. | 907,063 | ||||
4,177 | Etsy, Inc.* | 338,838 | ||||
4,948 | Expedia Group, Inc.* | 639,925 | ||||
1,799 | Five Below, Inc.* | 234,931 | ||||
3,411 | Floor & Decor Holdings, Inc., Class A* | 257,326 | ||||
130,458 | Ford Motor Co. | 1,784,665 | ||||
1,388 | Fox Factory Holding Corp.* | 113,844 | ||||
2,107 | GameStop Corp., Class A* | 262,827 | ||||
8,811 | Gap, Inc. (The) | 97,185 | ||||
5,073 | Garmin Ltd. | 535,810 | ||||
43,791 | General Motors Co.* | 1,693,836 | ||||
7,771 | Gentex Corp. | 241,523 | ||||
4,602 | Genuine Parts Co. | 629,231 | ||||
11,425 | Hanesbrands, Inc. | 135,615 | ||||
4,574 | Harley-Davidson, Inc. | 160,913 | ||||
4,295 | Hasbro, Inc. | 385,476 | ||||
792 | Helen of Troy Ltd.* | 146,670 | ||||
9,084 | Hilton Worldwide Holdings, Inc. | 1,279,572 | ||||
34,260 | Home Depot, Inc. (The) | 10,372,215 | ||||
1,650 | Hyatt Hotels Corp., Class A* | 145,844 | ||||
4,206 | Kohl’s Corp. | 169,586 | ||||
15,192 | Las Vegas Sands Corp.* | 538,708 | ||||
1,973 | Lear Corp. | 278,114 | ||||
4,342 | Leggett & Platt, Inc. | 170,076 | ||||
8,405 | Lennar Corp., Class A | 674,501 | ||||
495 | Lennar Corp., Class B | 33,249 | ||||
2,812 | Levi Strauss & Co., Class A | 51,066 | ||||
3,011 | Light & Wonder, Inc.* | 158,981 | ||||
955 | Lithia Motors, Inc. | 290,769 | ||||
8,050 | LKQ Corp. | 413,690 | ||||
21,840 | Lowe’s Cos., Inc. | 4,265,352 | ||||
18,313 | Lucid Group, Inc.* | 369,556 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Consumer Discretionary – (continued) | ||||||
3,891 | Lululemon Athletica, Inc.* | $ 1,138,857 | ||||
6,801 | Luminar Technologies, Inc.* | 70,322 | ||||
9,402 | Macy’s, Inc. | 222,357 | ||||
9,231 | Marriott International, Inc., Class A | 1,583,855 | ||||
1,287 | Marriott Vacations Worldwide Corp. | 190,116 | ||||
11,599 | Mattel, Inc.* | 291,367 | ||||
24,619 | McDonald’s Corp. | 6,209,158 | ||||
1,595 | MercadoLibre, Inc. (Brazil)* | 1,253,479 | ||||
11,869 | MGM Resorts International | 415,059 | ||||
1,754 | Mohawk Industries, Inc.* | 248,121 | ||||
12,593 | Newell Brands, Inc. | 269,994 | ||||
41,485 | NIKE, Inc., Class B | 4,930,492 | ||||
13,661 | Norwegian Cruise Line Holdings Ltd.* | 218,713 | ||||
105 | NVR, Inc.* | 467,315 | ||||
2,171 | O’Reilly Automotive, Inc.* | 1,383,296 | ||||
9,695 | Peloton Interactive, Inc., Class A* | 135,342 | ||||
5,475 | Penn National Gaming, Inc.* | 174,981 | ||||
919 | Penske Automotive Group, Inc. | 105,814 | ||||
2,785 | Planet Fitness, Inc., Class A* | 195,980 | ||||
1,852 | Polaris, Inc. | 197,331 | ||||
1,289 | Pool Corp. | 513,821 | ||||
7,948 | PulteGroup, Inc. | 359,726 | ||||
2,223 | PVH Corp. | 157,544 | ||||
6,794 | QuantumScape Corp.* | 86,895 | ||||
1,406 | Ralph Lauren Corp. | 142,133 | ||||
550 | RH* | 159,544 | ||||
6,044 | Rivian Automotive, Inc., Class A* | 189,782 | ||||
11,411 | Ross Stores, Inc. | 970,163 | ||||
7,163 | Royal Caribbean Cruises Ltd.* | 415,955 | ||||
5,167 | Service Corp. International | 361,845 | ||||
4,387 | Skechers USA, Inc., Class A* | 172,848 | ||||
38,022 | Starbucks Corp. | 2,984,727 | ||||
8,701 | Tapestry, Inc. | 300,185 | ||||
15,262 | Target Corp. | 2,470,613 | ||||
5,772 | Tempur Sealy International, Inc. | 152,208 | ||||
4,017 | Terminix Global Holdings, Inc.* | 174,378 | ||||
27,945 | Tesla, Inc.* | 21,189,576 | ||||
2,276 | Texas Roadhouse, Inc. | 177,460 | ||||
1,738 | Thor Industries, Inc. | 132,036 | ||||
36,312 | TJX Cos., Inc. (The) | 2,308,354 | ||||
3,619 | Toll Brothers, Inc. | 182,651 | ||||
1,082 | TopBuild Corp.* | 213,435 | ||||
3,703 | Tractor Supply Co. | 693,794 | ||||
1,700 | Ulta Beauty, Inc.* | 719,270 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Consumer Discretionary – (continued) | ||||||
6,041 | Under Armour, Inc., Class A* | $ 63,914 | ||||
7,124 | Under Armour, Inc., Class C* | 69,103 | ||||
1,329 | Vail Resorts, Inc. | 335,187 | ||||
11,548 | VF Corp. | 582,712 | ||||
2,494 | Wayfair, Inc., Class A* | 148,119 | ||||
5,545 | Wendy’s Co. (The) | 103,359 | ||||
1,924 | Whirlpool Corp. | 354,478 | ||||
2,342 | Williams-Sonoma, Inc. | 299,589 | ||||
2,989 | Wyndham Hotels & Resorts, Inc. | 239,509 | ||||
3,486 | Wynn Resorts Ltd.* | 230,425 | ||||
2,782 | YETI Holdings, Inc.* | 127,277 | ||||
13,474 | Yum China Holdings, Inc. (China) | 612,528 | ||||
9,526 | Yum! Brands, Inc. | 1,157,123 | ||||
| ||||||
141,352,991 | ||||||
|
| |||||
Consumer Staples – 6.1% | ||||||
2,093 | Albertsons Cos., Inc., Class A | 63,941 | ||||
59,956 | Altria Group, Inc. | 3,243,020 | ||||
18,518 | Archer-Daniels-Midland Co. | 1,681,805 | ||||
4,425 | BJ’s Wholesale Club Holdings, Inc.* | 256,075 | ||||
310 | Boston Beer Co., Inc. (The), Class A* | 110,143 | ||||
1,251 | Brown-Forman Corp., Class A | 78,976 | ||||
10,002 | Brown-Forman Corp., Class B | 661,332 | ||||
4,649 | Bunge Ltd. | 550,070 | ||||
6,666 | Campbell Soup Co. | 319,368 | ||||
1,225 | Casey’s General Stores, Inc. | 256,686 | ||||
8,023 | Church & Dwight Co., Inc. | 722,551 | ||||
4,052 | Clorox Co. (The) | 588,999 | ||||
128,705 | Coca-Cola Co. (The) | 8,157,323 | ||||
27,787 | Colgate-Palmolive Co. | 2,189,893 | ||||
15,551 | Conagra Brands, Inc. | 511,472 | ||||
5,055 | Constellation Brands, Inc., Class A | 1,240,851 | ||||
14,643 | Costco Wholesale Corp. | 6,826,859 | ||||
11,842 | Coty, Inc., Class A* | 83,960 | ||||
5,288 | Darling Ingredients, Inc.* | 423,410 | ||||
7,081 | Estee Lauder Cos., Inc. (The), Class A | 1,803,177 | ||||
6,035 | Flowers Foods, Inc. | 166,566 | ||||
19,894 | General Mills, Inc. | 1,389,596 | ||||
4,812 | Hershey Co. (The) | 1,018,749 | ||||
9,378 | Hormel Foods Corp. | 456,427 | ||||
2,121 | Ingredion, Inc. | 200,837 | ||||
3,391 | J M Smucker Co. (The) | 425,130 | ||||
8,537 | Kellogg Co. | 595,370 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Consumer Staples – (continued) | ||||||
28,338 | Keurig Dr Pepper, Inc. | $ 984,462 | ||||
11,141 | Kimberly-Clark Corp. | 1,481,976 | ||||
22,859 | Kraft Heinz Co. (The) | 864,756 | ||||
21,701 | Kroger Co. (The) | 1,149,502 | ||||
4,751 | Lamb Weston Holdings, Inc. | 321,073 | ||||
660 | Lancaster Colony Corp. | 80,454 | ||||
8,197 | McCormick & Co., Inc. | 760,026 | ||||
6,142 | Molson Coors Beverage Co., Class B | 342,969 | ||||
45,596 | Mondelez International, Inc., Class A | 2,898,082 | ||||
12,346 | Monster Beverage Corp.* | 1,100,276 | ||||
2,837 | Olaplex Holdings, Inc.* | 45,732 | ||||
45,734 | PepsiCo, Inc. | 7,671,878 | ||||
5,011 | Performance Food Group Co.* | 217,177 | ||||
51,219 | Philip Morris International, Inc. | 5,442,019 | ||||
1,584 | Pilgrim’s Pride Corp.* | 52,779 | ||||
1,855 | Post Holdings, Inc.* | 152,537 | ||||
79,305 | Procter & Gamble Co. (The) | 11,727,623 | ||||
1,794 | Reynolds Consumer Products, Inc. | 48,833 | ||||
16,728 | Sysco Corp. | 1,408,163 | ||||
9,536 | Tyson Foods, Inc., Class A | 854,521 | ||||
6,570 | US Foods Holding Corp.* | 217,598 | ||||
23,605 | Walgreens Boots Alliance, Inc. | 1,034,607 | ||||
47,621 | Walmart, Inc. | 6,125,489 | ||||
| ||||||
79,005,118 | ||||||
|
| |||||
Energy – 4.8% | ||||||
9,089 | Antero Resources Corp.* | 389,736 | ||||
11,451 | APA Corp. | 538,312 | ||||
29,470 | Baker Hughes Co. | 1,060,331 | ||||
7,539 | Cheniere Energy, Inc. | 1,031,109 | ||||
4,234 | Chesapeake Energy Corp. | 412,307 | ||||
63,792 | Chevron Corp. | 11,141,911 | ||||
42,868 | ConocoPhillips | 4,816,648 | ||||
3,625 | Continental Resources, Inc. | 246,754 | ||||
26,016 | Coterra Energy, Inc. | 893,129 | ||||
21,808 | Devon Energy Corp. | 1,633,419 | ||||
5,848 | Diamondback Energy, Inc. | 889,013 | ||||
19,329 | EOG Resources, Inc. | 2,647,300 | ||||
11,328 | EQT Corp. | 540,572 | ||||
139,438 | Exxon Mobil Corp. | 13,386,048 | ||||
27,473 | Halliburton Co. | 1,112,657 | ||||
9,666 | Hess Corp. | 1,189,595 | ||||
1,373 | Hess Midstream LP, Class A | 44,746 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Energy – (continued) | ||||||
5,360 | HF Sinclair Corp. | $ 263,176 | ||||
65,728 | Kinder Morgan, Inc. | 1,294,184 | ||||
23,691 | Marathon Oil Corp. | 744,608 | ||||
18,429 | Marathon Petroleum Corp. | 1,875,888 | ||||
3,642 | Matador Resources Co. | 221,798 | ||||
4,872 | Murphy Oil Corp. | 206,670 | ||||
2,644 | New Fortress Energy, Inc. | 123,184 | ||||
12,917 | NOV, Inc. | 258,340 | ||||
29,397 | Occidental Petroleum Corp. | 2,037,506 | ||||
14,691 | ONEOK, Inc. | 967,402 | ||||
8,538 | Ovintiv, Inc. | 478,043 | ||||
3,140 | PDC Energy, Inc. | 248,500 | ||||
15,888 | Phillips 66 | 1,601,669 | ||||
7,609 | Pioneer Natural Resources Co. | 2,114,845 | ||||
8,321 | Range Resources Corp.* | 282,498 | ||||
46,703 | Schlumberger NV | 2,146,470 | ||||
36,637 | Southwestern Energy Co.* | 334,129 | ||||
7,409 | Targa Resources Corp. | 533,596 | ||||
202 | Texas Pacific Land Corp. | 316,330 | ||||
13,511 | Valero Energy Corp. | 1,751,026 | ||||
40,188 | Williams Cos., Inc. (The) | 1,489,367 | ||||
| ||||||
61,262,816 | ||||||
|
| |||||
Financials – 11.0% | ||||||
1,240 | Affiliated Managers Group, Inc. | 165,689 | ||||
19,612 | Aflac, Inc. | 1,187,899 | ||||
17,162 | AGNC Investment Corp. REIT | 209,891 | ||||
430 | Alleghany Corp.* | 358,525 | ||||
9,026 | Allstate Corp. (The) | 1,233,764 | ||||
10,865 | Ally Financial, Inc. | 478,495 | ||||
18,466 | American Express Co. | 3,117,430 | ||||
2,541 | American Financial Group, Inc. | 359,043 | ||||
26,658 | American International Group, Inc. | 1,564,291 | ||||
3,648 | Ameriprise Financial, Inc. | 1,007,833 | ||||
48,174 | Annaly Capital Management, Inc. REIT | 318,430 | ||||
6,734 | Aon PLC, Class A | 1,856,362 | ||||
15,520 | Apollo Global Management, Inc. | 894,573 | ||||
12,114 | Arch Capital Group Ltd.* | 574,930 | ||||
4,978 | Ares Management Corp., Class A | 354,284 | ||||
6,872 | Arthur J Gallagher & Co. | 1,112,852 | ||||
1,893 | Assurant, Inc. | 334,474 | ||||
232,556 | Bank of America Corp. | 8,651,083 | ||||
24,098 | Bank of New York Mellon Corp. (The) | 1,123,208 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Financials – (continued) | ||||||
42,464 | Berkshire Hathaway, Inc., Class B* | $ 13,417,775 | ||||
4,844 | BlackRock, Inc. | 3,241,024 | ||||
22,958 | Blackstone, Inc. | 2,704,223 | ||||
13,104 | Blue Owl Capital, Inc. | 164,324 | ||||
870 | BOK Financial Corp. | 74,968 | ||||
7,694 | Brown & Brown, Inc. | 456,793 | ||||
13,262 | Capital One Financial Corp. | 1,695,679 | ||||
7,180 | Carlyle Group, Inc. (The) | 276,645 | ||||
3,501 | Cboe Global Markets, Inc. | 393,197 | ||||
50,234 | Charles Schwab Corp. (The) | 3,521,403 | ||||
12,072 | Chubb Ltd. | 2,550,693 | ||||
5,101 | Cincinnati Financial Corp. | 652,214 | ||||
65,151 | Citigroup, Inc. | 3,479,715 | ||||
16,321 | Citizens Financial Group, Inc. | 675,363 | ||||
11,790 | CME Group, Inc. | 2,344,206 | ||||
880 | CNA Financial Corp. | 40,339 | ||||
4,560 | Coinbase Global, Inc., Class A* | 356,136 | ||||
4,308 | Comerica, Inc. | 358,469 | ||||
3,648 | Commerce Bancshares, Inc. | 252,369 | ||||
232 | Credit Acceptance Corp.* | 138,112 | ||||
1,915 | Cullen/Frost Bankers, Inc. | 239,337 | ||||
9,214 | Discover Financial Services | 1,045,697 | ||||
4,661 | East West Bancorp, Inc. | 342,770 | ||||
12,685 | Equitable Holdings, Inc. | 385,751 | ||||
832 | Erie Indemnity Co., Class A | 139,568 | ||||
3,500 | Essent Group Ltd. | 149,765 | ||||
1,447 | Everest Re Group Ltd. | 408,778 | ||||
1,241 | FactSet Research Systems, Inc. | 473,789 | ||||
8,934 | Fidelity National Financial, Inc. | 377,908 | ||||
22,486 | Fifth Third Bancorp | 886,623 | ||||
3,458 | First American Financial Corp. | 209,520 | ||||
389 | First Citizens BancShares, Inc., Class A | 272,456 | ||||
4,536 | First Financial Bankshares, Inc. | 187,065 | ||||
17,338 | First Horizon Corp. | 395,827 | ||||
5,886 | First Republic Bank | 912,507 | ||||
9,649 | Franklin Resources, Inc. | 261,295 | ||||
3,650 | Glacier Bancorp, Inc. | 176,696 | ||||
3,001 | Globe Life, Inc. | 292,808 | ||||
11,268 | Goldman Sachs Group, Inc. (The)(a) | 3,682,946 | ||||
1,060 | Hanover Insurance Group, Inc. (The) | 155,396 | ||||
10,900 | Hartford Financial Services Group, Inc. (The) | 790,359 | ||||
1,675 | Houlihan Lokey, Inc. | 143,949 | ||||
47,073 | Huntington Bancshares, Inc. | 653,373 | ||||
3,067 | Interactive Brokers Group, Inc., Class A | 188,743 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Financials – (continued) | ||||||
18,377 | Intercontinental Exchange, Inc. | $ 1,881,621 | ||||
14,826 | Invesco Ltd. | 286,735 | ||||
5,538 | Janus Henderson Group PLC | 155,673 | ||||
5,750 | Jefferies Financial Group, Inc. | 189,865 | ||||
96,452 | JPMorgan Chase & Co. | 12,753,848 | ||||
30,349 | KeyCorp | 605,766 | ||||
18,857 | KKR & Co., Inc. | 1,033,552 | ||||
3,586 | Lazard Ltd., Class A | 126,442 | ||||
5,160 | Lincoln National Corp. | 298,919 | ||||
6,823 | Loews Corp. | 446,838 | ||||
2,554 | LPL Financial Holdings, Inc. | 501,069 | ||||
5,891 | M&T Bank Corp. | 1,060,203 | ||||
438 | Markel Corp.* | 599,810 | ||||
1,221 | MarketAxess Holdings, Inc. | 343,931 | ||||
16,596 | Marsh & McLennan Cos., Inc. | 2,654,530 | ||||
20,628 | MetLife, Inc. | 1,390,121 | ||||
5,284 | Moody’s Corp. | 1,593,496 | ||||
45,187 | Morgan Stanley | 3,892,408 | ||||
836 | Morningstar, Inc. | 214,877 | ||||
2,610 | MSCI, Inc. | 1,154,533 | ||||
3,769 | Nasdaq, Inc. | 585,175 | ||||
15,373 | New Residential Investment Corp. REIT | 173,715 | ||||
14,774 | New York Community Bancorp, Inc. | 147,445 | ||||
6,580 | Northern Trust Corp. | 735,315 | ||||
9,441 | Old Republic International Corp. | 225,829 | ||||
3,719 | OneMain Holdings, Inc. | 163,859 | ||||
2,447 | Pinnacle Financial Partners, Inc. | 199,235 | ||||
13,791 | PNC Financial Services Group, Inc. (The) | 2,419,079 | ||||
1,286 | Primerica, Inc. | 162,036 | ||||
8,302 | Principal Financial Group, Inc. | 605,465 | ||||
19,315 | Progressive Corp. (The) | 2,305,825 | ||||
2,924 | Prosperity Bancshares, Inc. | 211,990 | ||||
12,447 | Prudential Financial, Inc. | 1,322,494 | ||||
6,151 | Raymond James Financial, Inc. | 605,812 | ||||
30,872 | Regions Financial Corp. | 681,962 | ||||
2,186 | Reinsurance Group of America, Inc. | 275,108 | ||||
1,436 | RenaissanceRe Holdings Ltd. (Bermuda) | 220,455 | ||||
19,109 | Robinhood Markets, Inc., Class A* | 192,237 | ||||
3,887 | Rocket Cos., Inc., Class A | 35,255 | ||||
2,703 | Ryan Specialty Group Holdings, Inc., Class A* | 101,552 | ||||
11,472 | S&P Global, Inc. | 4,009,235 | ||||
4,114 | SEI Investments Co. | 240,381 | ||||
2,031 | Signature Bank | 439,244 | ||||
9,104 | SLM Corp. | 178,347 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Financials – (continued) | ||||||
22,961 | SoFi Technologies, Inc.* | $ 171,748 | ||||
9,648 | Starwood Property Trust, Inc. REIT | 230,491 | ||||
11,401 | State Street Corp. | 826,458 | ||||
3,321 | Stifel Financial Corp. | 213,109 | ||||
1,925 | SVB Financial Group* | 940,497 | ||||
16,672 | Synchrony Financial | 617,531 | ||||
4,573 | Synovus Financial Corp. | 195,038 | ||||
7,396 | T. Rowe Price Group, Inc. | 939,958 | ||||
1,717 | TFS Financial Corp. | 25,789 | ||||
2,035 | TPG, Inc. | 59,361 | ||||
3,523 | Tradeweb Markets, Inc., Class A | 238,190 | ||||
7,908 | Travelers Cos., Inc. (The) | 1,415,848 | ||||
43,887 | Truist Financial Corp. | 2,182,939 | ||||
4,430 | United Bankshares, Inc. | 166,391 | ||||
5,869 | Unum Group | 213,925 | ||||
2,311 | Upstart Holdings, Inc.* | 116,474 | ||||
44,108 | US Bancorp | 2,340,812 | ||||
2,700 | UWM Holdings Corp. | 10,935 | ||||
16,493 | Valley National Bancorp | 209,626 | ||||
3,448 | Virtu Financial, Inc., Class A | 90,096 | ||||
3,481 | Voya Financial, Inc. | 238,831 | ||||
6,592 | W R Berkley Corp. | 468,889 | ||||
5,884 | Webster Financial Corp. | 288,846 | ||||
125,763 | Wells Fargo & Co. | 5,756,173 | ||||
3,426 | Western Alliance Bancorp | 278,774 | ||||
3,699 | Willis Towers Watson PLC | 780,748 | ||||
4,955 | Zions Bancorp NA | 282,633 | ||||
| ||||||
141,191,026 | ||||||
|
| |||||
Health Care – 14.0% | ||||||
2,817 | 10X Genomics, Inc., Class A* | 144,202 | ||||
57,977 | Abbott Laboratories | 6,809,978 | ||||
58,331 | AbbVie, Inc. | 8,596,239 | ||||
1,470 | ABIOMED, Inc.* | 387,639 | ||||
2,945 | Acadia Healthcare Co., Inc.* | 209,596 | ||||
9,903 | Agilent Technologies, Inc. | 1,263,227 | ||||
6,268 | agilon health, Inc.* | 119,719 | ||||
2,549 | Align Technology, Inc.* | 707,704 | ||||
3,979 | Alnylam Pharmaceuticals, Inc.* | 500,558 | ||||
1,056 | Amedisys, Inc.* | 122,401 | ||||
5,026 | AmerisourceBergen Corp. | 777,975 | ||||
17,641 | Amgen, Inc. | 4,529,150 | ||||
7,976 | Anthem, Inc. | 4,064,649 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Health Care – (continued) | ||||||
3,304 | Arrowhead Pharmaceuticals, Inc.* | $ 110,221 | ||||
18,156 | Avantor, Inc.* | 581,718 | ||||
2,437 | Azenta, Inc. | 186,772 | ||||
9,099 | Bausch Health Cos., Inc.* | 88,442 | ||||
16,630 | Baxter International, Inc. | 1,264,712 | ||||
9,365 | Becton Dickinson and Co. | 2,395,567 | ||||
4,836 | Biogen, Inc.* | 967,200 | ||||
1,999 | Biohaven Pharmaceutical Holding Co. Ltd.* | 287,316 | ||||
6,047 | BioMarin Pharmaceutical, Inc.* | 454,311 | ||||
707 | Bio-Rad Laboratories, Inc., Class A* | 380,218 | ||||
1,293 | Bio-Techne Corp. | 478,061 | ||||
1,931 | Blueprint Medicines Corp.* | 106,205 | ||||
47,214 | Boston Scientific Corp.* | 1,936,246 | ||||
70,158 | Bristol-Myers Squibb Co. | 5,293,421 | ||||
3,388 | Bruker Corp. | 211,682 | ||||
9,132 | Cardinal Health, Inc. | 514,314 | ||||
5,601 | Catalent, Inc.* | 577,239 | ||||
18,909 | Centene Corp.* | 1,539,949 | ||||
9,716 | Cerner Corp. | 921,563 | ||||
7,944 | Change Healthcare, Inc.* | 191,371 | ||||
1,664 | Charles River Laboratories International, Inc.* | 389,509 | ||||
486 | Chemed Corp. | 235,418 | ||||
10,591 | Cigna Corp. | 2,841,459 | ||||
1,624 | Cooper Cos., Inc. (The) | 569,602 | ||||
43,341 | CVS Health Corp. | 4,193,242 | ||||
21,535 | Danaher Corp. | 5,681,364 | ||||
1,872 | DaVita, Inc.* | 182,501 | ||||
7,095 | DENTSPLY SIRONA, Inc. | 280,678 | ||||
3,225 | Dexcom, Inc.* | 960,857 | ||||
2,870 | Doximity, Inc., Class A* | 100,421 | ||||
20,412 | Edwards Lifesciences Corp.* | 2,058,550 | ||||
14,697 | Elanco Animal Health, Inc.* | 348,319 | ||||
27,981 | Eli Lilly & Co. | 8,770,365 | ||||
3,218 | Encompass Health Corp. | 210,908 | ||||
5,330 | Envista Holdings Corp.* | 229,403 | ||||
5,709 | Exact Sciences Corp.* | 284,365 | ||||
10,329 | Exelixis, Inc.* | 189,331 | ||||
41,510 | Gilead Sciences, Inc. | 2,691,924 | ||||
2,588 | Globus Medical, Inc., Class A* | 172,361 | ||||
2,532 | GoodRx Holdings, Inc., Class A* | 20,180 | ||||
3,138 | Guardant Health, Inc.* | 128,595 | ||||
7,616 | HCA Healthcare, Inc. | 1,602,406 | ||||
4,474 | Henry Schein, Inc.* | 383,153 | ||||
8,219 | Hologic, Inc.* | 618,644 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Health Care – (continued) | ||||||
7,513 | Horizon Therapeutics PLC* | $ 673,841 | ||||
4,143 | Humana, Inc. | 1,881,875 | ||||
2,761 | IDEXX Laboratories, Inc.* | 1,081,263 | ||||
5,185 | Illumina, Inc.* | 1,241,704 | ||||
6,049 | Incyte Corp.* | 459,059 | ||||
898 | Inspire Medical Systems, Inc.* | 158,793 | ||||
2,281 | Insulet Corp.* | 486,948 | ||||
2,380 | Integra LifeSciences Holdings Corp.* | 149,083 | ||||
2,232 | Intellia Therapeutics, Inc.* | 102,985 | ||||
2,824 | Intra-Cellular Therapies, Inc.* | 162,098 | ||||
11,847 | Intuitive Surgical, Inc.* | 2,696,851 | ||||
4,046 | Ionis Pharmaceuticals, Inc.* | 147,760 | ||||
6,197 | IQVIA Holdings, Inc.* | 1,333,904 | ||||
1,981 | Jazz Pharmaceuticals PLC* | 296,516 | ||||
87,024 | Johnson & Johnson | 15,623,419 | ||||
3,079 | Laboratory Corp. of America Holdings | 759,651 | ||||
978 | LHC Group, Inc.* | 162,993 | ||||
3,622 | Maravai LifeSciences Holdings, Inc., Class A* | 112,825 | ||||
1,700 | Masimo Corp.* | 238,731 | ||||
4,958 | McKesson Corp. | 1,629,645 | ||||
904 | Medpace Holdings, Inc.* | 129,489 | ||||
44,380 | Medtronic PLC | 4,444,657 | ||||
83,389 | Merck & Co., Inc. | 7,674,290 | ||||
742 | Mettler-Toledo International, Inc.* | 954,301 | ||||
1,629 | Mirati Therapeutics, Inc.* | 63,792 | ||||
11,906 | Moderna, Inc.* | 1,730,299 | ||||
1,924 | Molina Healthcare, Inc.* | 558,383 | ||||
2,905 | Natera, Inc.* | 106,584 | ||||
3,122 | Neurocrine Biosciences, Inc.* | 291,876 | ||||
2,515 | Novavax, Inc.* | 139,155 | ||||
2,982 | Novocure Ltd.* | 239,693 | ||||
3,774 | Oak Street Health, Inc.* | 71,253 | ||||
1,433 | Omnicell, Inc.* | 159,292 | ||||
8,346 | Organon & Co. | 316,814 | ||||
1,168 | Penumbra, Inc.* | 171,603 | ||||
4,165 | PerkinElmer, Inc. | 623,376 | ||||
4,437 | Perrigo Co. PLC | 176,859 | ||||
186,974 | Pfizer, Inc. | 9,917,101 | ||||
7,491 | QIAGEN NV* | 344,211 | ||||
3,872 | Quest Diagnostics, Inc. | 546,029 | ||||
1,154 | QuidelOrtho Corp.* | 109,665 | ||||
4,468 | R1 RCM, Inc.* | 95,928 | ||||
3,426 | Regeneron Pharmaceuticals, Inc.* | 2,277,399 | ||||
1,703 | Repligen Corp.* | 280,092 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Health Care – (continued) | ||||||
4,799 | ResMed, Inc. | $ 976,405 | ||||
11,177 | Royalty Pharma PLC, Class A | 459,822 | ||||
2,755 | Sarepta Therapeutics, Inc.* | 200,619 | ||||
4,480 | Seagen, Inc.* | 607,846 | ||||
1,105 | Shockwave Medical, Inc.* | 181,452 | ||||
3,264 | Sotera Health Co.* | 69,523 | ||||
3,306 | STERIS PLC | 754,429 | ||||
10,951 | Stryker Corp. | 2,568,010 | ||||
3,378 | Syneos Health, Inc.* | 249,600 | ||||
2,108 | Tandem Diabetes Care, Inc.* | 143,702 | ||||
4,807 | Teladoc Health, Inc.* | 163,871 | ||||
1,549 | Teleflex, Inc. | 445,709 | ||||
3,560 | Tenet Healthcare Corp.* | 230,368 | ||||
12,942 | Thermo Fisher Scientific, Inc. | 7,345,491 | ||||
2,134 | Ultragenyx Pharmaceutical, Inc.* | 100,085 | ||||
1,470 | United Therapeutics Corp.* | 338,600 | ||||
31,004 | UnitedHealth Group, Inc. | 15,402,167 | ||||
2,126 | Universal Health Services, Inc., Class B | 264,921 | ||||
4,591 | Veeva Systems, Inc., Class A* | 781,664 | ||||
8,441 | Vertex Pharmaceuticals, Inc.* | 2,267,675 | ||||
39,950 | Viatris, Inc. | 490,187 | ||||
1,993 | Waters Corp.* | 653,604 | ||||
2,443 | West Pharmaceutical Services, Inc. | 758,258 | ||||
6,925 | Zimmer Biomet Holdings, Inc. | 832,454 | ||||
15,590 | Zoetis, Inc. | 2,664,799 | ||||
| ||||||
179,636,466 | ||||||
|
| |||||
Industrials – 8.3% | ||||||
18,835 | 3M Co. | 2,811,877 | ||||
4,308 | A O Smith Corp. | 258,997 | ||||
1,130 | Acuity Brands, Inc. | 197,773 | ||||
2,035 | Advanced Drainage Systems, Inc. | 222,853 | ||||
4,662 | AECOM | 325,641 | ||||
2,027 | AGCO Corp. | 259,720 | ||||
3,524 | Air Lease Corp. | 132,538 | ||||
4,160 | Alaska Air Group, Inc.* | 200,762 | ||||
2,905 | Allegion PLC | 324,343 | ||||
295 | AMERCO | 144,544 | ||||
21,252 | American Airlines Group, Inc.* | 379,773 | ||||
7,612 | AMETEK, Inc. | 924,630 | ||||
1,643 | ASGN, Inc.* | 156,463 | ||||
992 | Avis Budget Group, Inc.* | 188,758 | ||||
2,227 | Axon Enterprise, Inc.* | 225,729 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Industrials – (continued) | ||||||
19,526 | Boeing Co. (The)* | $ 2,565,716 | ||||
4,320 | Booz Allen Hamilton Holding Corp. | 370,915 | ||||
5,743 | Builders FirstSource, Inc.* | 373,812 | ||||
3,016 | BWX Technologies, Inc. | 154,419 | ||||
763 | CACI International, Inc., Class A* | 213,922 | ||||
1,711 | Carlisle Cos., Inc. | 435,330 | ||||
28,155 | Carrier Global Corp. | 1,106,773 | ||||
17,715 | Caterpillar, Inc. | 3,823,783 | ||||
4,182 | C.H. Robinson Worldwide, Inc. | 453,789 | ||||
7,867 | ChargePoint Holdings, Inc.* | 100,619 | ||||
1,207 | Chart Industries, Inc.* | 212,287 | ||||
2,848 | Cintas Corp. | 1,134,444 | ||||
14,181 | Clarivate PLC* | 209,453 | ||||
1,668 | Clean Harbors, Inc.* | 155,791 | ||||
7,083 | Copart, Inc.* | 811,216 | ||||
12,940 | CoStar Group, Inc.* | 788,564 | ||||
71,967 | CSX Corp. | 2,287,831 | ||||
4,685 | Cummins, Inc. | 979,727 | ||||
1,266 | Curtiss-Wright Corp. | 179,747 | ||||
9,271 | Deere & Co. | 3,316,978 | ||||
21,102 | Delta Air Lines, Inc.* | 879,742 | ||||
4,053 | Donaldson Co., Inc. | 211,891 | ||||
4,750 | Dover Corp. | 636,072 | ||||
7,916 | Dun & Bradstreet Holdings, Inc.* | 136,709 | ||||
13,177 | Eaton Corp. PLC | 1,826,332 | ||||
1,714 | EMCOR Group, Inc. | 181,050 | ||||
19,514 | Emerson Electric Co. | 1,730,111 | ||||
4,051 | Equifax, Inc. | 820,652 | ||||
5,516 | Expeditors International of Washington, Inc. | 600,361 | ||||
1,703 | Exponent, Inc. | 153,934 | ||||
18,997 | Fastenal Co. | 1,017,479 | ||||
7,925 | FedEx Corp. | 1,779,796 | ||||
11,568 | Fortive Corp. | 714,555 | ||||
4,354 | Fortune Brands Home & Security, Inc. | 301,950 | ||||
1,109 | FTI Consulting, Inc.* | 186,312 | ||||
2,077 | Generac Holdings, Inc.* | 513,185 | ||||
8,061 | General Dynamics Corp. | 1,813,000 | ||||
36,114 | General Electric Co. | 2,827,365 | ||||
5,482 | Graco, Inc. | 347,011 | ||||
3,387 | GXO Logistics, Inc.* | 183,812 | ||||
1,350 | HEICO Corp. | 193,117 | ||||
2,433 | HEICO Corp., Class A | 284,880 | ||||
7,680 | Hertz Global Holdings, Inc.* | 154,138 | ||||
2,769 | Hexcel Corp. | 159,079 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Industrials – (continued) | ||||||
22,641 | Honeywell International, Inc. | $ 4,383,750 | ||||
12,356 | Howmet Aerospace, Inc. | 441,974 | ||||
1,785 | Hubbell, Inc. | 338,900 | ||||
1,297 | Huntington Ingalls Industries, Inc. | 272,967 | ||||
4,426 | IAA, Inc.* | 172,747 | ||||
2,513 | IDEX Corp. | 481,365 | ||||
9,294 | Illinois Tool Works, Inc. | 1,933,803 | ||||
13,448 | Ingersoll Rand, Inc. | 634,073 | ||||
2,760 | ITT, Inc. | 203,743 | ||||
4,234 | Jacobs Engineering Group, Inc. | 593,141 | ||||
2,760 | J.B. Hunt Transport Services, Inc. | 476,321 | ||||
10,588 | JetBlue Airways Corp.* | 113,715 | ||||
23,191 | Johnson Controls International PLC | 1,264,141 | ||||
4,579 | KBR, Inc. | 227,851 | ||||
5,082 | Knight-Swift Transportation Holdings, Inc. | 247,188 | ||||
6,372 | L3Harris Technologies, Inc. | 1,535,015 | ||||
1,218 | Landstar System, Inc. | 184,442 | ||||
4,469 | Leidos Holdings, Inc. | 467,010 | ||||
1,080 | Lennox International, Inc. | 225,612 | ||||
1,916 | Lincoln Electric Holdings, Inc. | 260,231 | ||||
8,823 | Lockheed Martin Corp. | 3,883,091 | ||||
9,351 | Lyft, Inc., Class A* | 165,326 | ||||
1,758 | ManpowerGroup, Inc. | 157,534 | ||||
7,801 | Masco Corp. | 442,239 | ||||
1,957 | MasTec, Inc.* | 163,586 | ||||
6,669 | MDU Resources Group, Inc. | 182,597 | ||||
1,796 | Middleby Corp. (The)* | 272,022 | ||||
1,229 | MSA Safety, Inc. | 156,685 | ||||
1,506 | MSC Industrial Direct Co., Inc., Class A | 127,905 | ||||
11,821 | Nielsen Holdings PLC | 302,145 | ||||
1,707 | Nordson Corp. | 371,921 | ||||
8,582 | Norfolk Southern Corp. | 2,056,762 | ||||
4,641 | Northrop Grumman Corp. | 2,171,849 | ||||
5,449 | nVent Electric PLC | 192,895 | ||||
3,441 | Old Dominion Freight Line, Inc. | 888,604 | ||||
2,190 | Oshkosh Corp. | 203,473 | ||||
13,996 | Otis Worldwide Corp. | 1,041,302 | ||||
3,224 | Owens Corning | 308,150 | ||||
10,518 | PACCAR, Inc. | 913,383 | ||||
4,233 | Parker-Hannifin Corp. | 1,152,096 | ||||
5,440 | Pentair PLC | 272,925 | ||||
18,954 | Plug Power, Inc.* | 350,270 | ||||
4,660 | Quanta Services, Inc. | 554,540 | ||||
49,307 | Raytheon Technologies Corp. | 4,690,082 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Industrials – (continued) | ||||||
2,217 | Regal Rexnord Corp. | $ 277,014 | ||||
6,813 | Republic Services, Inc. | 911,852 | ||||
3,558 | Robert Half International, Inc. | 320,754 | ||||
3,840 | Rockwell Automation, Inc. | 818,688 | ||||
7,889 | Rollins, Inc. | 279,744 | ||||
872 | Saia, Inc.* | 172,298 | ||||
1,832 | Science Applications International Corp. | 158,578 | ||||
5,173 | Sensata Technologies Holding PLC | 248,459 | ||||
1,468 | SiteOne Landscape Supply, Inc.* | 197,108 | ||||
1,741 | Snap-on, Inc. | 386,293 | ||||
19,554 | Southwest Airlines Co.* | 896,746 | ||||
5,394 | Stanley Black & Decker, Inc. | 640,214 | ||||
2,994 | Stericycle, Inc.* | 151,347 | ||||
6,677 | Sunrun, Inc.* | 174,403 | ||||
1,771 | Tetra Tech, Inc. | 239,032 | ||||
7,128 | Textron, Inc. | 465,387 | ||||
2,217 | Timken Co. (The) | 135,392 | ||||
3,431 | Toro Co. (The) | 283,023 | ||||
7,692 | Trane Technologies PLC | 1,061,958 | ||||
1,739 | TransDigm Group, Inc.* | 1,052,738 | ||||
6,348 | TransUnion | 551,070 | ||||
3,768 | Trex Co., Inc.* | 240,097 | ||||
1,314 | TriNet Group, Inc.* | 103,202 | ||||
59,535 | Uber Technologies, Inc.* | 1,381,212 | ||||
20,751 | Union Pacific Corp. | 4,560,655 | ||||
10,677 | United Airlines Holdings, Inc.* | 508,546 | ||||
24,282 | United Parcel Service, Inc., Class B | 4,425,394 | ||||
2,378 | United Rentals, Inc.* | 709,072 | ||||
5,207 | Verisk Analytics, Inc. | 910,808 | ||||
10,126 | Vertiv Holdings Co. | 111,285 | ||||
13,726 | Waste Management, Inc. | 2,175,708 | ||||
1,087 | Watsco, Inc. | 277,870 | ||||
1,663 | WESCO International, Inc.* | 208,840 | ||||
5,770 | Westinghouse Air Brake Technologies Corp. | 545,034 | ||||
7,221 | WillScot Mobile Mini Holdings Corp.* | 258,006 | ||||
1,972 | Woodward, Inc. | 200,375 | ||||
1,509 | W.W. Grainger, Inc. | 734,989 | ||||
3,359 | XPO Logistics, Inc.* | 179,505 | ||||
5,941 | Xylem, Inc. | 500,529 | ||||
| ||||||
107,014,646 | ||||||
|
| |||||
Information Technology – 27.0% | ||||||
21,914 | Accenture PLC, Class A | 6,540,452 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Information Technology – (continued) | ||||||
15,609 | Adobe, Inc.* | $ 6,500,836 | ||||
53,434 | Advanced Micro Devices, Inc.* | 5,442,787 | ||||
6,211 | Affirm Holdings, Inc.* | 177,013 | ||||
5,237 | Akamai Technologies, Inc.* | 529,146 | ||||
4,086 | Amdocs Ltd. | 355,033 | ||||
19,714 | Amphenol Corp., Class A | 1,396,934 | ||||
17,271 | Analog Devices, Inc. | 2,908,436 | ||||
4,635 | Anaplan, Inc.* | 304,056 | ||||
2,866 | ANSYS, Inc.* | 746,192 | ||||
1,311 | Appian Corp.* | 62,626 | ||||
540,026 | Apple, Inc. | 80,377,470 | ||||
29,152 | Applied Materials, Inc. | 3,419,238 | ||||
3,670 | AppLovin Corp., Class A* | 139,864 | ||||
7,829 | Arista Networks, Inc.* | 800,750 | ||||
2,206 | Arrow Electronics, Inc.* | 266,154 | ||||
2,220 | Asana, Inc., Class A* | 48,263 | ||||
920 | Aspen Technology, Inc.* | 178,011 | ||||
4,651 | Atlassian Corp. PLC, Class A* | 824,715 | ||||
7,186 | Autodesk, Inc.* | 1,492,891 | ||||
13,894 | Automatic Data Processing, Inc. | 3,097,528 | ||||
2,780 | Avalara, Inc.* | 235,383 | ||||
6,945 | Bentley Systems, Inc., Class B | 238,769 | ||||
3,221 | Bill.com Holdings, Inc.* | 380,851 | ||||
4,964 | Black Knight, Inc.* | 337,105 | ||||
1,784 | Blackline, Inc.* | 130,624 | ||||
17,035 | Block, Inc.* | 1,490,733 | ||||
13,014 | Broadcom, Inc. | 7,549,812 | ||||
3,836 | Broadridge Financial Solutions, Inc. | 560,900 | ||||
9,098 | Cadence Design Systems, Inc.* | 1,398,636 | ||||
3,841 | CDK Global, Inc. | 209,181 | ||||
4,420 | CDW Corp. | 750,781 | ||||
4,542 | Ceridian HCM Holding, Inc.* | 255,715 | ||||
4,973 | Ciena Corp.* | 252,728 | ||||
125,883 | Cisco Systems, Inc. | 5,671,029 | ||||
4,118 | Citrix Systems, Inc. | 414,641 | ||||
8,223 | Cloudflare, Inc., Class A* | 460,488 | ||||
5,557 | Cognex Corp. | 269,070 | ||||
17,323 | Cognizant Technology Solutions Corp., Class A | 1,294,028 | ||||
805 | Coherent, Inc.* | 218,123 | ||||
1,425 | Concentrix Corp. | 220,718 | ||||
3,404 | Confluent, Inc., Class A* | 71,927 | ||||
25,290 | Corning, Inc. | 905,888 | ||||
2,470 | Coupa Software, Inc.* | 169,911 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Information Technology – (continued) | ||||||
6,781 | Crowdstrike Holdings, Inc., Class A* | $ 1,084,892 | ||||
8,359 | Datadog, Inc., Class A* | 797,365 | ||||
9,157 | Dell Technologies, Inc., Class C | 457,301 | ||||
1,935 | DigitalOcean Holdings, Inc.* | 94,525 | ||||
2,934 | Dlocal Ltd. (Uruguay)* | 84,587 | ||||
6,386 | DocuSign, Inc.* | 535,849 | ||||
2,137 | Dolby Laboratories, Inc., Class A | 165,874 | ||||
9,304 | Dropbox, Inc., Class A* | 193,895 | ||||
8,016 | DXC Technology Co.* | 282,324 | ||||
6,600 | Dynatrace, Inc.* | 248,622 | ||||
2,487 | Elastic NV* | 153,324 | ||||
4,067 | Enphase Energy, Inc.* | 757,235 | ||||
4,469 | Entegris, Inc. | 495,880 | ||||
1,823 | EPAM Systems, Inc.* | 617,122 | ||||
1,610 | Euronet Worldwide, Inc.* | 195,068 | ||||
2,001 | F5, Inc.* | 326,243 | ||||
850 | Fair Isaac Corp.* | 348,117 | ||||
19,795 | Fidelity National Information Services, Inc. | 2,068,577 | ||||
3,098 | First Solar, Inc.* | 218,750 | ||||
19,586 | Fiserv, Inc.* | 1,962,125 | ||||
2,272 | Five9, Inc.* | 219,725 | ||||
2,507 | FleetCor Technologies, Inc.* | 623,767 | ||||
15,158 | Flex Ltd.* | 258,747 | ||||
4,520 | Fortinet, Inc.* | 1,329,513 | ||||
2,643 | Gartner, Inc.* | 693,523 | ||||
6,064 | Genpact Ltd. | 269,060 | ||||
636 | Gitlab, Inc., Class A* | 24,766 | ||||
9,256 | Global Payments, Inc. | 1,212,906 | ||||
2,012 | GLOBALFOUNDRIES, Inc.* | 120,096 | ||||
1,336 | Globant SA* | 253,185 | ||||
5,493 | GoDaddy, Inc., Class A* | 412,250 | ||||
2,755 | Guidewire Software, Inc.* | 220,235 | ||||
864 | HashiCorp, Inc., Class A* | 30,257 | ||||
42,932 | Hewlett Packard Enterprise Co. | 669,739 | ||||
34,837 | HP, Inc. | 1,353,069 | ||||
1,491 | HubSpot, Inc.* | 503,496 | ||||
3,467 | II-VI, Inc.* | 216,688 | ||||
3,614 | Informatica, Inc., Class A* | 73,726 | ||||
135,373 | Intel Corp. | 6,013,269 | ||||
29,747 | International Business Machines Corp. | 4,130,073 | ||||
9,111 | Intuit, Inc. | 3,776,145 | ||||
1,116 | IPG Photonics Corp.* | 117,727 | ||||
12,184 | ironSource Ltd., Class A (Israel)* | 35,212 | ||||
4,294 | Jabil, Inc. | 264,167 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Information Technology – (continued) | ||||||
2,398 | Jack Henry & Associates, Inc. | $ 451,112 | ||||
10,544 | Juniper Networks, Inc. | 323,490 | ||||
5,983 | Keysight Technologies, Inc.* | 871,125 | ||||
4,968 | KLA Corp. | 1,812,575 | ||||
4,606 | Lam Research Corp. | 2,395,258 | ||||
4,502 | Lattice Semiconductor Corp.* | 234,194 | ||||
803 | Littelfuse, Inc. | 216,971 | ||||
2,326 | Lumentum Holdings, Inc.* | 200,222 | ||||
2,062 | Manhattan Associates, Inc.* | 249,358 | ||||
14,088 | Marqeta, Inc., Class A* | 147,501 | ||||
27,961 | Marvell Technology, Inc. | 1,653,893 | ||||
28,485 | Mastercard, Inc., Class A | 10,193,927 | ||||
2,032 | Maximus, Inc. | 131,856 | ||||
18,054 | Microchip Technology, Inc. | 1,311,623 | ||||
36,905 | Micron Technology, Inc. | 2,725,065 | ||||
244,623 | Microsoft Corp. | 66,505,655 | ||||
309 | MicroStrategy, Inc., Class A* | 81,789 | ||||
1,831 | MKS Instruments, Inc. | 226,129 | ||||
461 | Monday.com Ltd.* | 52,342 | ||||
2,096 | MongoDB, Inc.* | 497,066 | ||||
1,445 | Monolithic Power Systems, Inc. | 650,814 | ||||
5,522 | Motorola Solutions, Inc. | 1,213,404 | ||||
4,336 | National Instruments Corp. | 153,148 | ||||
2,256 | nCino, Inc.* | 73,704 | ||||
7,349 | NetApp, Inc. | 528,761 | ||||
18,619 | NortonLifeLock, Inc. | 453,186 | ||||
7,228 | Nutanix, Inc., Class A* | 117,094 | ||||
93,143 | NVIDIA Corp. | 17,391,661 | ||||
4,837 | Okta, Inc.* | 401,713 | ||||
14,278 | ON Semiconductor Corp.* | 866,389 | ||||
50,444 | Oracle Corp. | 3,627,932 | ||||
56,928 | Palantir Technologies, Inc., Class A* | 494,135 | ||||
3,185 | Palo Alto Networks, Inc.* | 1,601,354 | ||||
10,678 | Paychex, Inc. | 1,322,257 | ||||
1,691 | Paycom Software, Inc.* | 480,819 | ||||
1,316 | Paylocity Holding Corp.* | 230,116 | ||||
38,417 | PayPal Holdings, Inc.* | 3,273,513 | ||||
1,355 | Pegasystems, Inc. | 67,127 | ||||
2,145 | Procore Technologies, Inc.* | 97,598 | ||||
3,476 | PTC, Inc.* | 405,058 | ||||
9,181 | Pure Storage, Inc., Class A* | 217,865 | ||||
3,571 | Qorvo, Inc.* | 399,059 | ||||
37,274 | QUALCOMM, Inc. | 5,338,382 | ||||
3,080 | Qualtrics International, Inc., Class A* | 43,736 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Information Technology – (continued) | ||||||
1,842 | Rapid7, Inc.* | $ 130,543 | ||||
2,742 | RingCentral, Inc., Class A* | 173,130 | ||||
3,481 | Roper Technologies, Inc. | 1,540,134 | ||||
31,708 | Salesforce, Inc.* | 5,080,890 | ||||
2,313 | Samsara, Inc., Class A* | 26,021 | ||||
6,771 | Seagate Technology Holdings PLC | 573,301 | ||||
5,834 | SentinelOne, Inc., Class A* | 138,791 | ||||
6,606 | ServiceNow, Inc.* | 3,088,107 | ||||
1,685 | Shift4 Payments, Inc., Class A* | 76,920 | ||||
1,236 | Silicon Laboratories, Inc.* | 184,362 | ||||
5,336 | Skyworks Solutions, Inc. | 580,930 | ||||
4,120 | Smartsheet, Inc., Class A* | 146,878 | ||||
8,756 | Snowflake, Inc., Class A* | 1,117,703 | ||||
1,770 | SolarEdge Technologies, Inc.* | 482,838 | ||||
5,278 | Splunk, Inc.* | 541,312 | ||||
7,381 | SS&C Technologies Holdings, Inc. | 472,310 | ||||
3,940 | Switch, Inc., Class A | 132,975 | ||||
1,290 | Synaptics, Inc.* | 191,075 | ||||
5,041 | Synopsys, Inc.* | 1,609,087 | ||||
1,399 | TD SYNNEX Corp. | 145,286 | ||||
10,760 | TE Connectivity Ltd. (Switzerland) | 1,392,236 | ||||
1,522 | Teledyne Technologies, Inc.* | 616,638 | ||||
3,462 | Tenable Holdings, Inc.* | 174,139 | ||||
5,331 | Teradyne, Inc. | 582,465 | ||||
30,551 | Texas Instruments, Inc. | 5,400,195 | ||||
2,626 | Thoughtworks Holding, Inc.* | 45,456 | ||||
5,610 | Toast, Inc., Class A* | 91,106 | ||||
14,422 | Trade Desk, Inc. (The), Class A* | 750,665 | ||||
8,277 | Trimble, Inc.* | 563,250 | ||||
5,584 | Twilio, Inc., Class A* | 587,269 | ||||
1,352 | Tyler Technologies, Inc.* | 481,069 | ||||
174 | Ubiquiti, Inc. | 45,511 | ||||
10,088 | UiPath, Inc., Class A* | 172,202 | ||||
6,605 | Unity Software, Inc.* | 264,002 | ||||
1,478 | Universal Display Corp. | 186,686 | ||||
3,179 | VeriSign, Inc.* | 554,894 | ||||
54,614 | Visa, Inc., Class A | 11,587,452 | ||||
6,885 | VMware, Inc., Class A | 881,969 | ||||
5,308 | Vontier Corp. | 142,361 | ||||
10,106 | Western Digital Corp.* | 613,333 | ||||
12,747 | Western Union Co. (The) | 231,231 | ||||
1,453 | WEX, Inc.* | 247,417 | ||||
4,089 | Wolfspeed, Inc.* | 307,615 | ||||
6,403 | Workday, Inc., Class A* | 1,000,789 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Information Technology – (continued) | ||||||
1,739 | Zebra Technologies Corp., Class A* | $ 588,112 | ||||
3,991 | Zendesk, Inc.* | 364,977 | ||||
7,030 | Zoom Video Communications, Inc., Class A* | 755,374 | ||||
2,745 | Zscaler, Inc.* | 420,232 | ||||
| ||||||
348,215,666 | ||||||
|
| |||||
Materials – 2.9% | ||||||
7,318 | Air Products and Chemicals, Inc. | 1,801,399 | ||||
3,865 | Albemarle Corp. | 1,006,523 | ||||
6,056 | Alcoa Corp. | 373,776 | ||||
50,007 | Amcor PLC | 655,092 | ||||
2,155 | AptarGroup, Inc. | 230,779 | ||||
1,743 | Ashland Global Holdings, Inc. | 186,536 | ||||
2,708 | Avery Dennison Corp. | 467,292 | ||||
7,414 | Axalta Coating Systems Ltd.* | 201,364 | ||||
10,558 | Ball Corp. | 748,457 | ||||
4,435 | Berry Global Group, Inc.* | 258,694 | ||||
3,567 | Celanese Corp. | 558,307 | ||||
6,891 | CF Industries Holdings, Inc. | 680,624 | ||||
15,813 | Cleveland-Cliffs, Inc.* | 366,545 | ||||
23,703 | Corteva, Inc. | 1,484,282 | ||||
4,018 | Crown Holdings, Inc. | 419,640 | ||||
24,307 | Dow, Inc. | 1,652,390 | ||||
15,399 | DuPont de Nemours, Inc. | 1,044,822 | ||||
1,293 | Eagle Materials, Inc. | 168,814 | ||||
4,251 | Eastman Chemical Co. | 468,290 | ||||
8,418 | Ecolab, Inc. | 1,379,794 | ||||
4,142 | FMC Corp. | 507,726 | ||||
47,876 | Freeport-McMoRan, Inc. | 1,870,994 | ||||
32,184 | Ginkgo Bioworks Holdings, Inc.* | 99,127 | ||||
10,102 | Graphic Packaging Holding Co. | 224,870 | ||||
5,897 | Huntsman Corp. | 213,766 | ||||
8,427 | International Flavors & Fragrances, Inc. | 1,113,797 | ||||
12,371 | International Paper Co. | 599,375 | ||||
16,525 | Linde PLC (United Kingdom) | 5,365,337 | ||||
2,807 | Louisiana-Pacific Corp. | 193,851 | ||||
8,488 | LyondellBasell Industries NV, Class A | 969,754 | ||||
2,052 | Martin Marietta Materials, Inc. | 696,408 | ||||
11,945 | Mosaic Co. (The) | 748,354 | ||||
3,168 | MP Materials Corp.* | 124,914 | ||||
26,207 | Newmont Corp. | 1,778,145 | ||||
8,833 | Nucor Corp. | 1,170,019 | ||||
4,678 | Olin Corp. | 307,766 | ||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Materials – (continued) | ||||||
3,053 | Packaging Corp. of America | $ 480,176 | ||||
7,807 | PPG Industries, Inc. | 987,507 | ||||
2,020 | Reliance Steel & Aluminum Co. | 392,688 | ||||
2,165 | Royal Gold, Inc. | 244,818 | ||||
4,231 | RPM International, Inc. | 372,751 | ||||
1,269 | Scotts Miracle-Gro Co. (The) | 120,073 | ||||
4,865 | Sealed Air Corp. | 302,506 | ||||
7,910 | Sherwin-Williams Co. (The) | 2,120,196 | ||||
3,212 | Sonoco Products Co. | 187,806 | ||||
2,823 | Southern Copper Corp. (Peru) | 174,405 | ||||
5,991 | Steel Dynamics, Inc. | 511,512 | ||||
7,713 | United States Steel Corp. | 193,365 | ||||
5,919 | Valvoline, Inc. | 198,050 | ||||
4,303 | Vulcan Materials Co. | 709,436 | ||||
1,074 | Westlake Corp. | 141,886 | ||||
8,587 | Westrock Co. | 416,384 | ||||
| ||||||
37,691,182 | ||||||
|
| |||||
Real Estate – 3.3% | ||||||
5,345 | Alexandria Real Estate Equities, Inc. REIT | 887,003 | ||||
4,564 | American Campus Communities, Inc. REIT | 296,660 | ||||
9,464 | American Homes 4 Rent, Class A REIT | 349,789 | ||||
15,071 | American Tower Corp. REIT | 3,860,135 | ||||
8,885 | Americold Realty Trust, Inc. REIT | 246,026 | ||||
5,173 | Apartment Income REIT Corp. REIT | 232,061 | ||||
4,555 | AvalonBay Communities, Inc. REIT | 947,258 | ||||
4,725 | Boston Properties, Inc. REIT | 525,325 | ||||
9,802 | Brixmor Property Group, Inc. REIT | 238,973 | ||||
3,493 | Camden Property Trust REIT | 501,211 | ||||
10,528 | CBRE Group, Inc., Class A* | 872,139 | ||||
4,903 | Cousins Properties, Inc. REIT | 169,399 | ||||
14,269 | Crown Castle International Corp. REIT | 2,706,116 | ||||
7,411 | CubeSmart REIT | 330,012 | ||||
9,409 | Digital Realty Trust, Inc. REIT | 1,313,402 | ||||
5,534 | Douglas Emmett, Inc. REIT | 156,446 | ||||
12,654 | Duke Realty Corp. REIT | 668,511 | ||||
1,337 | EastGroup Properties, Inc. REIT | 215,992 | ||||
2,994 | Equinix, Inc. REIT | 2,057,147 | ||||
5,745 | Equity LifeStyle Properties, Inc. REIT | 434,896 | ||||
12,058 | Equity Residential REIT | 926,416 | ||||
2,153 | Essex Property Trust, Inc. REIT | 611,129 | ||||
4,380 | Extra Space Storage, Inc. REIT | 780,516 | ||||
2,584 | Federal Realty Investment Trust REIT | 297,082 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Real Estate – (continued) | ||||||
4,346 | First Industrial Realty Trust, Inc. REIT | $ 230,990 | ||||
7,810 | Gaming and Leisure Properties, Inc. REIT | 365,664 | ||||
7,545 | Healthcare Trust of America, Inc., Class A REIT | 226,727 | ||||
17,810 | Healthpeak Properties, Inc. REIT | 528,779 | ||||
3,428 | Highwoods Properties, Inc. REIT | 134,686 | ||||
23,380 | Host Hotels & Resorts, Inc. REIT | 467,366 | ||||
1,323 | Howard Hughes Corp. (The)* | 111,304 | ||||
20,090 | Invitation Homes, Inc. REIT | 757,795 | ||||
9,535 | Iron Mountain, Inc. REIT | 513,936 | ||||
1,622 | Jones Lang LaSalle, Inc.* | 320,053 | ||||
3,794 | Kilroy Realty Corp. REIT | 230,296 | ||||
20,011 | Kimco Realty Corp. REIT | 473,260 | ||||
2,857 | Lamar Advertising Co., Class A REIT | 279,843 | ||||
2,752 | Life Storage, Inc. REIT | 321,324 | ||||
19,607 | Medical Properties Trust, Inc. REIT | 364,298 | ||||
3,795 | Mid-America Apartment Communities, Inc. REIT | 686,895 | ||||
5,776 | National Retail Properties, Inc. REIT | 255,877 | ||||
2,804 | National Storage Affiliates Trust REIT | 147,070 | ||||
7,890 | Omega Healthcare Investors, Inc. REIT | 234,885 | ||||
15,387 | Opendoor Technologies, Inc.* | 111,248 | ||||
24,421 | Prologis, Inc. REIT | 3,113,189 | ||||
5,017 | Public Storage REIT | 1,658,821 | ||||
4,790 | Rayonier, Inc. REIT | 197,444 | ||||
19,766 | Realty Income Corp. REIT | 1,348,437 | ||||
5,620 | Regency Centers Corp. REIT | 383,340 | ||||
5,311 | Rexford Industrial Realty, Inc. REIT | 339,214 | ||||
3,537 | SBA Communications Corp. REIT | 1,190,590 | ||||
10,791 | Simon Property Group, Inc. REIT | 1,237,188 | ||||
2,140 | SL Green Realty Corp. REIT | 132,188 | ||||
4,206 | Spirit Realty Capital, Inc. REIT | 176,610 | ||||
5,888 | STAG Industrial, Inc. REIT | 196,070 | ||||
8,206 | STORE Capital Corp. REIT | 226,404 | ||||
3,777 | Sun Communities, Inc. REIT | 619,919 | ||||
10,712 | UDR, Inc. REIT | 512,034 | ||||
13,167 | Ventas, Inc. REIT | 747,096 | ||||
31,768 | VICI Properties, Inc. REIT | 980,043 | ||||
5,825 | Vornado Realty Trust REIT | 203,642 | ||||
15,008 | Welltower, Inc. REIT | 1,337,063 | ||||
24,670 | Weyerhaeuser Co. REIT | 974,958 | ||||
6,244 | W.P. Carey, Inc. REIT | 525,370 | ||||
1,461 | Zillow Group, Inc., Class A* | 58,382 | ||||
5,598 | Zillow Group, Inc., Class C* | 223,360 | ||||
| ||||||
42,767,302 | ||||||
|
|
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Utilities – 2.9% | ||||||
21,666 | AES Corp. (The) | $ 477,519 | ||||
8,284 | Alliant Energy Corp. | 528,685 | ||||
8,491 | Ameren Corp. | 808,258 | ||||
16,693 | American Electric Power Co., Inc. | 1,703,187 | ||||
6,005 | American Water Works Co., Inc. | 908,256 | ||||
4,450 | Atmos Energy Corp. | 517,580 | ||||
2,329 | Avangrid, Inc. | 110,837 | ||||
4,220 | Brookfield Renewable Corp., Class A | 152,680 | ||||
20,771 | CenterPoint Energy, Inc. | 665,711 | ||||
1,143 | Clearway Energy, Inc., Class A | 37,216 | ||||
2,689 | Clearway Energy, Inc., Class C | 94,249 | ||||
9,569 | CMS Energy Corp. | 679,782 | ||||
11,716 | Consolidated Edison, Inc. | 1,162,930 | ||||
10,814 | Constellation Energy Corp. | 671,333 | ||||
26,773 | Dominion Energy, Inc. | 2,254,822 | ||||
6,371 | DTE Energy Co. | 845,495 | ||||
25,467 | Duke Energy Corp. | 2,865,547 | ||||
12,603 | Edison International | 881,076 | ||||
6,713 | Entergy Corp. | 807,708 | ||||
7,521 | Essential Utilities, Inc. | 347,921 | ||||
7,412 | Evergy, Inc. | 518,395 | ||||
11,303 | Eversource Energy | 1,043,493 | ||||
32,077 | Exelon Corp. | 1,576,585 | ||||
18,896 | FirstEnergy Corp. | 811,772 | ||||
1,663 | IDACORP, Inc. | 181,300 | ||||
2,980 | National Fuel Gas Co. | 219,119 | ||||
2,767 | NextEra Energy Partners LP | 198,256 | ||||
64,911 | NextEra Energy, Inc. | 4,913,114 | ||||
13,357 | NiSource, Inc. | 420,078 | ||||
7,943 | NRG Energy, Inc. | 365,696 | ||||
6,590 | OGE Energy Corp. | 272,167 | ||||
67,024 | PG&E Corp.* | 817,693 | ||||
3,729 | Pinnacle West Capital Corp. | 289,557 | ||||
23,953 | PPL Corp. | 722,902 | ||||
16,600 | Public Service Enterprise Group, Inc. | 1,137,764 | ||||
10,455 | Sempra Energy | 1,713,156 | ||||
35,002 | Southern Co. (The) | 2,648,251 | ||||
6,895 | UGI Corp. | 294,692 | ||||
14,514 | Vistra Corp. | 382,734 | ||||
|
|
GOLDMAN SACHS MARKETBETA® U.S.1000 EQUITY ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
Shares | Description | Value | ||||
Common Stocks – (continued) | ||||||
Utilities – (continued) | ||||||
10,433 | WEC Energy Group, Inc. | $ 1,096,195 | ||||
17,995 | Xcel Energy, Inc. | 1,355,743 | ||||
| ||||||
37,499,454 | ||||||
|
| |||||
| TOTAL INVESTMENTS – 99.6% (Cost $468,781,833) | $1,282,219,995 | ||||
|
| |||||
| OTHER ASSETS IN EXCESS OF LIABILITIES – 0.4% | 4,754,484 | ||||
|
| |||||
NET ASSETS – 100.0% | $1,286,974,479 | |||||
|
|
The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
* | Non-income producing security. | |
(a) | Represents an affiliated issuer. |
| ||
Investment Abbreviations: | ||
LP | — Limited Partnership | |
PLC | — Public Limited Company | |
REIT | — Real Estate Investment Trust | |
|
GOLDMAN SACHS MARKETBETA® II ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS
Investment Valuation — The Fund’s valuation policy is to value investments at fair value.
Investments and Fair Value Measurements — U.S. GAAP defines the fair value of a financial instrument as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price); the Fund’s policy is to use the market approach. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three levels of the fair value hierarchy are described below:
Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
Level 2 — Quoted prices in markets that are not active or financial instruments for which significant inputs are observable (including, but not limited to, quoted prices for similar investments, interest rates, foreign exchange rates, volatility and credit spreads), either directly or indirectly;
Level 3 — Prices or valuations that require significant unobservable inputs (including GSAM’s assumptions in determining fair value measurement).
The Board of Trustees (“Trustees”) has approved Valuation Procedures that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. The Trustees have delegated to GSAM day-to-day responsibility for implementing and maintaining internal controls and procedures related to the valuation of the Fund’s investments. To assess the continuing appropriateness of pricing sources and methodologies, GSAM regularly performs price verification procedures and issues challenges as necessary to third party pricing vendors or brokers, and any differences are reviewed in accordance with the Valuation Procedures.
A. Level 1 and Level 2 Fair Value Investments — The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 1 and Level 2 are as follows:
Equity Securities — Equity securities traded on a United States (“U.S.”) securities exchange or the NASDAQ system, or those located on certain foreign exchanges, including but not limited to the Americas, are valued daily at their last sale price or official closing price on the principal exchange or system on which they are traded. If there is no sale or official closing price or such price is believed by GSAM to not represent fair value, equity securities will be valued at the valid closing bid price for long positions and at the valid closing ask price for short positions (i.e. where there is sufficient volume, during normal exchange trading hours). If no valid bid/ask price is available, the equity security will be valued pursuant to the Valuation Procedures approved by the Trustees and consistent with applicable regulatory guidance. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. Certain equity securities containing unique attributes may be classified as Level 2.
Unlisted equity securities for which market quotations are available are valued at the last sale price on the valuation date, or if no sale occurs, at the last bid price for long positions or the last ask price for short positions, and are generally classified as Level 2.
B. Level 3 Fair Value Investments — To the extent that significant inputs to valuation models and other alternative pricing sources are unobservable, or if quotations are not readily available, or if GSAM believes that such quotations do not accurately reflect fair value, the fair value of a Fund’s investments may be determined under Valuation Procedures approved by the Trustees. GSAM, consistent with its procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund’s NAV. To the extent investments are valued using single source broker quotations obtained directly from the broker or passed through from third party pricing vendors, such investments are classified as Level 3 investments.
C. Fair Value Hierarchy — The following is a summary of the Fund’s investments classified in the fair value hierarchy as of May 31, 2022:
MARKETBETA® U.S.1000 EQUITY ETF | ||||||||||||
Investment Type | Level 1 | Level 2 | Level 3 | |||||||||
Assets | ||||||||||||
Common Stock and/or Other Equity Investments(a) | ||||||||||||
Asia | $ | 1,006,795 | $ | — | $ | — | ||||||
Europe | 6,989,245 | — | — | |||||||||
North America | 1,272,711,484 | — | — | |||||||||
South America | 1,512,471 | — | — | |||||||||
Total | $ | 1,282,219,995 | $ | — | $ | — |
(a) | Amounts are disclosed by continent to highlight the impact of time zone differences between local market close and the calculation of NAV. Security valuations are based on the principal exchange or system on which they are traded, which may differ from country of domicile noted in table. |
For further information regarding security characteristics, see the Schedules of Investments.
GOLDMAN SACHS MARKETBETA® II ETF
Schedule of Investments (continued)
May 31, 2022 (Unaudited)
NOTES TO THE SCHEDULE OF INVESTMENTS (continued)
The Fund’s risks include, but are not limited to, the following:
Index Risk — Solactive AG (the “Index Provider”) constructs the Fund’s Index in accordance with a rules-based methodology. The Fund will be negatively affected by general declines in the securities and asset classes represented in its Index. In addition, because the Fund is not “actively” managed, unless a specific security is removed from an Index, the Fund generally would not sell a security because the security’s issuer was in financial trouble. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Index. The Fund also does not attempt to take defensive positions under any market conditions, including declining markets. Therefore, the Fund’s performance could be lower than funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline or a decline in the value of one or more issuers. The Index Provider relies on third party data it believes to be reliable in constructing the Index, but it does not guarantee the accuracy or availability of such third party data. Errors in index data, index computation or the construction of an Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the Fund and its shareholders. In addition, neither the Fund, the Investment Adviser, the Calculation Agent nor the Index Provider can guarantee the availability or timeliness of the production of the Index.
Market and Credit Risks — In the normal course of business, the Fund trades financial instruments and enters into financial transactions where risk of potential loss exists due to changes in the market (market risk). The value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions throughout the world due to increasingly interconnected global economies and financial markets. Events such as war, acts of terrorism, social unrest, natural disasters, the spread of infectious illness or other public health threats could also significantly impact the Fund and its investments. Additionally, the Fund may also be exposed to credit risk in the event that an issuer or guarantor fails to perform or that an institution or entity with which the Fund has unsettled or open transactions defaults.
Market Trading Risk — The Fund faces numerous market trading risks, including disruptions to creations and redemptions, the existence of extreme market volatility or potential lack of an active trading market for Shares. If a shareholder purchases Shares at a time when the market price is at a premium to the NAV or sells Shares at a time when the market price is at a discount to the NAV, the shareholder may sustain losses. The Investment Adviser cannot predict whether Shares will trade below, at or above their NAV. Price differences may be due, in large part, to the fact that supply and demand forces at work in the secondary trading market for Shares will be closely related to, but not identical to, the same forces influencing the prices of the securities of a Fund’s Index trading individually or in the aggregate at any point in time.
Tracking Error Risk — Tracking error is the divergence of the Fund’s performance from that of its Index. The performance of the Fund may diverge from that of its Index for a number of reasons. Tracking error may occur because of transaction costs, the Fund’s holding of cash, differences in accrual of dividends, changes to its Index or the need to meet new or existing regulatory requirements. Unlike the Fund, the returns of the Index are not reduced by investment and other operating expenses, including the trading costs associated with implementing changes to its portfolio of investments. Tracking error risk may be heightened during times of market volatility or other unusual market conditions.